Apr 30 2009

Mostly scalping day but profits are profits - big gap days are often like this. One of interesting plays was on unlikely stock: URRE. Usual suspects become boring over time, so it was nice to play in a new sandbox.

Session Time: Thu Apr 30 00:00:00 2009

[08:04] {magoo} morning

[08:05] {Threei}  Good morning

[08:05] {Threei}  SQNM

[08:05] {Threei}  holy smokes

[08:06] {magoo} WOW

[08:06] {Threei}  04/29/09 04:40pm

[08:06] {Threei}  [SQNM] Sequenom, Inc Reports Q1 -$0.29 v -$0.23e, R $8.7M v $11.1Me

[08:06] {Threei}  - Guides FY09 Rev $32M-$35M v $55Me

[08:06] {Threei}  and of course bunch of downgrades

[08:07] {magoo} bouncer somewhere vad

[08:07] {magoo} maybe at zero

[08:09] {Threei}  what a punishment

[08:09] {magoo} vad..fslr reported last nite..u have it?

[08:09] {Threei}  04/29/09 04:38pm

[08:09] {Threei}  [FSLR] First Solar Inc. Reiterates prior FY09 guidance - conf call slides

[08:09] {Threei}  - Reiterates FY09 sales guidance $1.9B-$2.0B v $1.87Be, and margins of 31%-33%

[08:09] {Threei}  - Follow up 16:49pmET: CEO reaffirms 10%-15% of planned 2009 shipments at risk of default - conf call

[08:10] {magoo} jesus though..a 15 dollar stock to 2??

[08:10] {Threei}  try 3 brwak with stop under 2.90

[08:11] {nemo} fslr cleaned up

[08:12] {Threei}  MGM nice gap

[08:12] {Threei}  LVS is trying to catch up

[08:13] {magoo} news AMZN?

[08:14] {Threei}  no

[08:14] {Threei}  wow... SQNM didn't even try to bounce

[08:16] {cosmo} 2.50 looks solid?    hehe

[08:16] {Threei}  sure.. unless it breaks

[08:16] {nemo} it all works until it doesn't

[08:17] {magoo} and its all fun and games until someone loses an eye :)

[08:17] {Threei}  or breaks an ankle

[08:17] {magoo} ROFLOL

[08:17] {nemo} nephew has a great shirt:  "It's all fun and games until the flying monkeys attack"

[08:18] {Threei}  lol

[08:18] {nemo} "wanna' play ball scarecrow!"

[08:18] {nemo} ohoh

[08:19] {cosmo} poppies will make them sleep

[08:20] {nemo} ohoh

[08:20] {Threei}  number of downgrades on SQNM becomes ridiculous

[08:20] {Threei}  every second headline

[08:20] {nemo} rats from a sinking ship

[08:20] {magoo} really at 3 bux should be strong buy

[08:21] {magoo} ate huge offer 06

[08:22] {Threei}  there are more where that came from

[08:23] {magoo} big at 3

[08:27] {nemo} who's playing sqnm?

[08:29] {magoo} i have a lil at 2.95

[08:29] {nemo} Where's ese?  He'd have 20000 of the little buggers

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 631K V 640KE; CONTINUING CLAIMS: 6.271M V 6.200ME

[08:30] {Threei}  - Prior jobless claims revised from 640K to 645K

[08:30] {Threei}  - Prior Continuing Claims revised from 6.137M to 6.138M

[08:30] {Threei}  MAR PERSONAL INCOME: -0.3% V -0.2%E; PERSONAL SPENDING: -0.2% V -0.1%E

[08:30] {Threei}  - Prior Personal Spending revised from 0.2% to 0.4%

[08:31] {Threei}  Q1 EMPLOYMENT COST INDEX: 0.3% V 0.5%E

[08:31] {Threei}  MAR PCE CORE M/M: 0.2% V 0.1%E; PCE CORE Y/Y: 1.8% V 1.8%E; PCE DEFLATOR Y/Y: 0.7% V 0.7%E

[08:32] {jfjf64} mornin

[08:33] {Threei}  jf :)

[08:37] {Threei}  WHITE HOUSE: CHRYSLER WILL PROCEED WITH CHAPTER 11 FILING

[08:40] {magoo} shoot..missed LVS

[08:40] {Threei}  me too

[08:40] {magoo} u take vads?

[08:41] {Threei}  waited for pullback that never came

[08:43] {Threei}  SQNM honestly trying

[08:45] {Threei}  F over 5.50 resistance

[08:46] {dptl} good morning all

[08:46] {Threei}  dp :)

[08:49] {Threei}  taking any off the table magoo?

[08:50] {magoo} soon

[08:50] {magoo} wont lose on it

[08:50] {magoo} but maybe its a pointer

[08:50] {magoo} LVS pullbk enough vad

[08:51] {Threei}  a bit more would make me happier

[08:53] {ese} good morning

[08:53] {Threei}  ese :)

[08:53] {magoo} ese:)

[08:53] {vinod} good morning

[08:53] {nemo} dude :)

[08:53] {Threei}  vinod :)

[08:54] {nemo} vinod :)

[08:54] {vinod} first time i am watching you guys on pre marke

[08:54] {nemo} sqnm still running

[08:54] {Threei}  mags... take half off

[08:54] {Threei}  don't be a pig

[08:54] {ese} rally continues ehh

[08:54] {nemo} oink oink

[08:54] {Threei}  they get flu

[08:54] {vinod} got sgnm at 2.95

[08:54] {nemo} good one

[08:55] {Threei}  half out vinod, at least

[08:55] {vinod} 0ut 3.40 ony 500

[08:55] {Threei}  good job

[08:56] {vinod} i learn something new today

[08:56] {Threei}  LVS

[08:56] {Threei}  just a tad more please

[08:57] {nemo} nice call on sqnm vad

[08:58] {dptl} where are you thinking lvs?

[08:59] {Threei}  maybe under 9 if we get lucky

[08:59] {Threei}  8.80 if we get very lucky

[08:59] {dptl} i see

[09:00] {Threei}  (RU) RUSSIAN NATO ENVOY: RESPONSE TO EXPULSION OF DIPLOMATS WILL BE HARSH AND DECISIVE

[09:00] {Threei}  what did I miss?

[09:01] {fernp} Hello everybody

[09:01] {Threei}  fern :)

[09:01] {Threei}  who expelled whose dimplomats?

[09:02] {Threei}  keep an eye opn ABAT guys

[09:02] {Threei}  this one may bet some traction

[09:02] {ese} fern

06[09:04] * Threei slaps magoo around a bit with a large bootle of AntiGreedin

[09:06] {wulff} LVS

[09:06] {Threei}  took half at 9

[09:06] {Threei}  with idea to add another half if drops more

[09:12] {pita} ola everyone

[09:12] {nemo} que tal?

[09:13] {wulff} took .05

[09:13] {Threei}  pita :)

[09:14] {pita} bien?

[09:14] {fernp} ola = sea wave and hola = hello :)

[09:15] {pita} hola, gracias

[09:15] {fernp} de nada

[09:16] {dptl} where is your stop Vad lvs?

[09:16] {Threei}  [09:06] {Threei} took half at 9

[09:16] {Threei}  [09:06] {Threei} with idea to add another half if drops more

[09:16] {Threei}  I am looking for entry point for another half, not stop

[09:16] {pita} trading in the pre mkt?

[09:17] {Threei}  SQNM and LVS, pita

[09:18] {pita} wrong day to sleep in...

[09:18] {wulff} never touched .80

[09:18] {dino} gm all

[09:18] {Threei}  dino :)

[09:19] {Threei}  SQNM retreat

[09:20] {ese} wow just looked at that.......-11.75.....thats a hair cut

[09:21] {nemo} haircut...I think they started at the throat...

[09:21] {ese} what do they do?

[09:22] {ese} sqnm that is

[09:22] {Threei}  they drop

[09:22] {ese} ha ha .....ha ha

[09:23] {Threei}  genetic analysis products that translate genomic science into superior solutions for biomedical research, agricultural applications, molecular medicine and non-invasive prenatal diagnostics research, and potentially, clinical utility.

[09:24] {Threei}  (US) WHITE HOUSE AIDE: CHRYSLER BANKRUPTCY TO LAST "ONE OR TWO MONTHS"

[09:26] {ese} tks vad.........ever thought about a comedy act?

[09:27] {Threei}  yeah

[09:27] {ese} i'll be the straight guy..........you the one liners.......we could be big

[09:27] {Threei}  seinfield wasn't scared

[09:27] {ese} hmmmmmm

[09:29] {dino} downs' syndrum test claimed near 100% accuracy, now saying deata not reliable

[09:30] {dino} spelling errors

[09:30] {nemo} lab workers were stoned

[09:33] {Threei} Long Setup:  URRE  .45 break if stays above .35

[09:33] {dino} gmcr

[09:34] {jfjf64} stop

[09:36] {Threei} Long Setup:  LVS  .40 break

[09:37] {Threei}  under .30, invalidated

[09:37] {nemo} bummer

[09:37] {fernp} too fast

[09:37] {Threei}  too fast anyway

[09:37] {nemo} and invalidated

[09:39] {dptl} in urre

[09:39] {nemo} in urre

[09:39] {nemo} partial

[09:40] {dino} hmmm cyber no gmcr

[09:41] {dptl} half out ty

[09:41] {Threei}  half out URRE

[09:41] {magoo} out .84 TY vad

[09:42] {nemo} out urre ty

[09:42] {dptl} more out .65

[09:43] {ese} nice one boys

[09:45] {magoo} u still in LVS vad?

[09:45] {Threei}  no

[09:45] {magoo} me out too

[09:47] {nemo} you're outed mags?

[09:47] {nemo} whoa

06[09:47] * magoo slaps nemo around a bit with a large trout

[09:47] {nemo} hehehehehe

[09:48] {magoo} no laughing, cant focus:)

[09:48] {nemo} I'm sick, can't focus anyway

[09:50] {magoo} GMCR nuts

[09:53] {Threei}  DNDN bottomless

[09:53] {nemo} was just looking at that

[09:53] {dino} mgln

[09:56] {dino} not participating, t, vz, wmt, schw,gld

[09:58] {Threei} Long Setup:  EBAY  .95 if stays above .80

[09:59] {nemo} in

[09:59] {dptl} in

[10:00] {magoo} in

[10:00] {fernp} in

[10:00] {pita} finally caught one - EBAY

[10:01] {Threei}  (US) WHITE HOUSE ECON ADV ROMER: EXPECTS US ECONOMY TO PICK UP IN H2

[10:01] {ese} H2 ?

[10:01] {ese} or Q2?

[10:02] {_ryanagler} new here -- can you explain the ".95 if stays above .80".  when that was posted, ebay was at 16.95.  Does that mean buy at 16.95 and set your stop at 16.80?

[10:03] {nemo} I always wondered what vad meant???

[10:03] {Threei}  yes, but it was .93 wheh it was posted

[10:03] {dino} mant

[10:03] {Threei}  it also means that if it loses .80 before triggering, play is invalidated

[10:06] {Threei}  US GOVT TO REPORTEDLY ASK CHRYSLER CEO NARDELLI TO REMAIN WITH COMAPNY DURING THE TRANSITION

[10:08] {_ryanagler} thanks.  when i looked at the quote it must have just moved to .95.  so, in that setup, if it had remained at .93 for awhile longer, you are recommending to wait for .95 or to get in anywhere between .80 and .95?

[10:08] {Threei}  that depends on your level of aggressiveness

[10:09] {Threei}  look up blog article titled

[10:09] {fernp} stop below .90 for ebay?

[10:09] {Threei}  How agressive are you

[10:09] {Threei}  yeah, makes sense fern

[10:10] {Threei}  http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html

[10:11] {Threei}  let's take half off here EBAY

[10:12] {Threei}  stop for second half URRE to under .60

[10:12] {Threei}  .50, sorry

[10:12] {pita} what did you see to sell half at this level?  Declining volume?

[10:13] {Threei}  NASDAQ stalles at resistance and is likely to pull back

[10:13] {Threei}  I don't want to run into situation where EBAY overreacts

[10:13] {Threei}  and shakes us out

[10:14] {Threei}  which is exatly what it does as we speak

[10:14] {pita} ah ty - looks like that is happening

[10:14] {nemo} out ebay

[10:14] {Threei}  out breakeven second half

[10:14] {Threei}  a bit disappointing

[10:14] {nemo} no lost

[10:14] {Threei}  such break on daily deserved more attention

[10:15] {pita} me too

[10:15] {pita} reenter if holds .80?

[10:15] {dino} ]psys, mant, mgln, isys, aiz

[10:15] {dptl} out too....ebay

[10:16] {Threei}  I won't pita

[10:16] {pita} k ty

[10:18] {dptl} whats with cat?

[10:18] {nemo} announced rebounding business yesterday

[10:19] {pita} cat = china growth

[10:19] {dptl} ok ty

[10:19] {dino} sm l mgln .60

[10:26] {Threei} Long Setup:  RIMM  69 break

[10:26] {Threei}  stop under .85

[10:26] {nemo} amn

[10:26] {nemo} damn

[10:26] {Threei}  let it pull back

[10:27] {Threei}  wait for resumed strength now

[10:27] {nemo} oops in

[10:29] {nemo} got out

[10:29] {Threei}  hmm?

[10:29] {Threei}  that's one weird trading :)

[10:30] {nemo} well, sounds like I jumped the gun, so bad entry 

[10:30] {nemo} therefore, being able to get out whole I consider luck

[10:30] {dptl} in 69

[10:31] {nemo} stop on RIMM?

[10:32] {Threei}  stop to under .90

[10:32] {dino} double bottom mant?, sm l mant .30 risky

[10:32] {Threei}  URRE stop to under .55

[10:34] {dptl} stopped rimm -.14

[10:34] {dino} stopped mant -.32

[10:34] {dino} f'ing rinse

[10:36] {magoo} l aapl off .50

[10:36] {magoo} stop .19 hl

[10:36] {dptl} ah rimm shakeout

[10:36] {magoo} .90 area looking for

[10:36] {jfjf64} yup

[10:36] {Threei} Long Setup:  FAS  .85 break if stays above .80

[10:37] {Threei} Long Setup:  WFC  .40 break

[10:40] {nemo} wfc invalidated?

[10:41] {Threei}  yeah

[10:41] {Threei}  turns into bounce candidate

[10:41] {Threei}  from under .20 most likely

[10:42] {_ryanagler} long might be tough into 888 s&p resistance

[10:43] {dino} mant sm l .35, last try

[10:46] {magoo} aapl stiopped

[10:48] {dino} psys s .01

[10:49] {chinggis} BAC?

[10:50] {Threei} Short Setup: DNDN  .85 half lot

[10:50] {Threei}  if stays below 21

[10:50] {magoo} OY

[10:50] {nemo} good for you guys, I magoo it and you make a call.

[10:50] {Threei}  see that big UBSS bid at .85?

[10:51] {Threei}  that's youer indication

[10:51] {dptl} in

[10:51] {nemo} too fast

[10:51] {magoo} missed dammit

[10:52] {jfjf64} cant  short    schwab   crazy

[10:52] {Threei}  I don't see any play on BAC chinggis

[10:52] {magoo} call chuck

[10:52] {nemo} hehehehe

[10:52] {jfjf64} lol

[10:52] {nemo} chuck you farley

[10:52] {Threei}  (US) WHITE HOUSE ADVISOR ROMER: REITERATES THAT UNEMPLOYMENT IS SEEN RISING OVER THE COMING MONTHS -CONG TESTIMONY

[10:52] {chinggis} ok ty

[10:54] {jfjf64} fas??

[10:54] {dptl} out urre

[10:55] {dino} pnra wants gap filled, imo

[10:55] {magoo} i like AAPl as clkose to .50 u can get long

[10:55] {magoo} 127 in the cards if IF mkt resiumes

[10:56] {magoo} i am in

[10:56] {dino} mgln stop to .91

[10:57] {dino} to .05

[10:58] {dino} out mgln .05, +.45

[10:59] {dino} psys bstop is .12 fwiw

[10:59] {nemo} what you short it at?

[10:59] {nemo} Dino

[11:01] {dino} .01

[11:01] {dptl} covered some .70 dndn

[11:01] {Threei}  covering half DNDN .60

06[11:01] * magoo slaps Threei around a bit with a large trout

[11:02] {magoo} supplement in there "large roll of cash" lol

[11:02] {Threei}  just no shaking out now DNDN, okay?

[11:03] {Threei}  break .50 and give us a buck

[11:03] {dptl} same stop?

[11:03] {Threei}  matter of taste really

[11:03] {Threei}  can move to above .90 if that matters

[11:04] {dptl} ok ty

[11:05] {dino} psys stopped -.11

[11:05] {dino} pnra hmmm, perhaps the gap waitsa

[11:06] {magoo} out aapl

[11:06] {nemo} "waitsa"?

[11:06] {nemo} solid NAS volume today...anybody know why?

[11:07] {dino} typo

[11:08] {nemo} dino, reenter psys if it breaks 19?

[11:10] {Threei}  die already DNDN

[11:10] {magoo} funny how such a wild animal one day

[11:10] {magoo} next pussycat

[11:11] {dino} should work, but its a toughie. maybe better short towards hod

[11:13] {Threei}  RIMM, that was rude

[11:13] {dino} cymi

[11:14] {jfjf64} y

[11:14] {Threei}  hate these big gap - slow climb days

[11:14] {dino} me too

[11:15] {Threei}  first you can't tell continuation from reversal, so you wait for pullback

[11:15] {nemo} yeah might as well go fishing...reminds me

[11:15] {Threei}  pullback never comes

06[11:15] * nemo slaps Alert around a bit with a large trout

06[11:15] * nemo slaps Threei around a bit with a large trout

[11:15] {nemo} better

[11:15] {Threei}  then you run into long stall

[11:15] {nemo} oh and magoo...

[11:15] {Threei}  where longs don't work,

[11:15] {Threei}  neither do shorts

06[11:15] * nemo slaps magoo around a bit with a large venison back straps

[11:16] {jfjf64} that cd be prob

[11:21] {dptl} out dndn

[11:21] {Threei}  yeah

[11:22] {pita} LVS filled gap -  now what?

[11:24] {Threei}  it didn't

[11:25] {Threei}  7.70 is yest close

[11:25] {pita} from yest high

[11:26] {Threei}  hihg 7.99

[11:27] {pita} my 5 day says 8.20?

[11:27] {dino} bare

[11:27] {pita} oh that's after mkt

[11:33] {dino} cymi s sm .53

[11:35] {Threei}  (US) WHITE HOUSE ADVISOR ROMER:

[11:35] {Threei}  - "Incredible uncertainty' surround the cost of fixing the financial system

[11:35] {Threei}  - States that IMF is unlikely to have accurate estimates on true costs for the 'clean up' of the US financial system

[11:35] {Threei}  - Reminder: On 4/29 -White House's Romer: Believes Q1 GDP may have a "silver lining" in higher consumer spending and lower inventories - TV interview

[11:35] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[11:35] {Threei}  - Reiterates that there are limited signs that financial markets are loosening up somewhat.

[11:36] {Threei}  STATEMENT FROM NON-TARP LENDERS TO CHRYSLER; SAYS OFFERS TO CO. HAVE BEEN REJECTED OR IGNORED

[11:36] {Threei}  - Lending group comments that it is continuing talks with US Treasury

[11:36] {Threei}  - Offered to take 40% haircut

[11:39] {dino} dealing w/govt=dealing w/devil it seems

[11:40] {Threei}  heh

[11:40] {Threei}  white house statement says lenders failed to act in their own interests and in national interests

[11:40] {Threei}  how about that?

[11:41] {magoo} national interests

[11:41] {magoo} nazi germany

[11:41] {Threei}  wagging finger

[11:41] {magoo} huh?

[11:46] {Threei}  don't you find it incredibly patronizing to tell them what their best interests are?

[11:46] {nemo} I liked that one best

[11:46] {Threei}  IMF: IMPACT ON CERTAIN COUNTRIES FROM THE SWINE FLU OUTBREAK MAY BE QUITE 'DRAMATIC'

[11:48] {Threei}  CDC official on CNN... "we are twitting... I've never twitted before"

[11:49] {Threei}  I am getting old...

[11:49] {Threei}  it irritates me to no end, lol

[11:49] {Threei}  ity's acting CDC director

[11:50] {Threei}  apparently can't wait to finish press-conference and go twit

[11:50] {cosmo} twit?

[11:50] {Threei}  you are old too cosmo

[11:51] {Threei}  you don't twit

[11:51] {cosmo} very

[11:51] {cosmo} oh

[11:51] {vinod} outbreak of swine flu panic

[11:51] {nemo} sqnm vad

[11:51] {dptl} short wfc agresive .23 stop above .30

[11:52] {Threei}  lol vinod

[11:53] {Raven} chirp

[11:53] {nemo} ravens chirp?

[11:53] {Threei}  wow... CDC: Mexico lab is able to make diagnosis now

[11:53] {Raven} today they do

[11:53] {Threei}  nemo... one thing is for sure

[11:53] {Threei}  Ravens do NOT twit

[11:53] {Raven} I hate twits

[11:53] {vinod} good excuse to stay home

[11:54] {vinod} i should tell my bos i am feeling swan

[11:54] {Threei}  ahha

[11:54] {Threei}  CNN corrected him

[11:54] {cosmo} is it dangerous while driving?

[11:54] {Threei}  it's not twitted, it's tweeted

[11:54] {cosmo} ...twitting?

[11:55] {Threei}  now I know too, along with acting director of CDC

[11:55] {Raven} how absurd

[11:55] {dino} wow, the tangents you guys take lately, lol

[11:56] {Raven} cosines?

[11:56] {Threei}  I am telling you... 5 years more, I won't understand half of what they say

[11:56] {Threei}  (of course I don't understand about 47% as of now)

[11:56] {dino} mgln approaches lod, life, psys towards hod

[11:56] {fernp} How many days without smoking, Vad?

[11:56] {nemo} wait til we go to derivatives Dino

[11:57] {nemo} without smoking what?

[11:57] {fernp} lol

[11:57] {Threei}  6 weeks, fern

[11:57] {fernp} WTG

[11:57] {Threei}  ty

[11:57] {Threei}  no craving either

[11:58] {Threei}  clean break

[11:58] {Threei}  after 30 years of smoking

[11:58] {dptl} sigh...stopped wfc

[11:58] {dptl} -.07

[11:58] {dino} congrats vad

[11:58] {Threei}  ty

[11:58] {Raven} after 30 years you're doomed anyway

[11:58] {fernp} yes, congrats

[11:58] {Threei}  of course I am... smoking or no smoking

[11:59] {Raven} just trying to be the optimist

[11:59] {Threei}  but for different reasons

[11:59] {nemo} only sure thing in life

[11:59] {vinod} congrat for giving up smoking

[11:59] {Threei}  maybe .80 break on SQNM worth a short

[12:00] {Threei}  ty vinod

[12:00] {vinod} 20 year ago my wife was going to leave unless i quite

[12:00] {Threei}  you are single since then right?

[12:01] {vinod} no i quite in hurry

[12:01] {Threei}  wow

[12:01] {nemo} stuff croaked my mother...rotten painful way to go

[12:01] {Threei}  I'd leave her just because I wouldn't accept ultimatum :)

[12:02] {vinod} accept all when you are in love

[12:02] {dptl} in sqnm

[12:02] {Threei}  REPORTEDLY US OFFICIALS ARE LEANING TO DISCLOSING INDIVIDUAL BANK STRESS TEST RESULTS NEXT WEEK

[12:03] {Threei}  PRESIDENT OBAMA: CHRYSLER TO FILE FOR BANKRUPTCY IN NEW YORK, FIAT TO TAKE 20% STAKE IN REORGANIZED COMPANY

[12:03] {Threei}  - GMAC to be financing arm for new Chrysler cars

[12:03] {Threei}  - US Treasury to have 8% equity stake in new Chrysler; Govt of Canada and Ontario to have 2% stake

[12:03] {Threei}  - White House confirms sees a 'surgical' bankruptcy to last approx 30-60 days

[12:03] {Threei}  - Chrysler network of US dealers are part of bankruptcy{GM F F.IT USD/CAD EWC}

[12:04] {dptl} stop .94

[12:04] {dptl} ?

[12:04] {Threei}  I prefer .91

[12:04] {dptl} ok ty

[12:06] {nemo} what quoth the Raven today?

[12:07] {Raven} Neverenough ?

[12:07] {dino} cymi bstop to .23

[12:08] {Threei}  Prez on TV

[12:09] {Threei}  PRESIDENT OBAMA: REORGANIZATION WILL GIVE CHRYSLER A "NEW LEASE ON LIFE"

[12:11] {dino} life s sm .86, stop hod

[12:11] {Threei} Short Setup: CAT  36 breakdown

[12:12] {magoo} independent of mkt?

[12:12] {dino} mant waking up

[12:13] {Threei}  why independent?

[12:13] {Threei}  mostly moves in unison

[12:14] {magoo} i mean mkts upticking

[12:14] {nemo} PSYS DINO

[12:14] {Threei}  which means CAQT is not likely to trigger

[12:14] {magoo} dont like to short in uptrend

[12:14] {magoo} unlessstox independent

[12:14] {magoo} hey, theres that word again

[12:14] {Threei}  if stays close enough to thwe trigger level, should trigger when market reverses

[12:14] {dino} schw big gap around 17.60 from tues.

[12:15] {dino} cymi to .13

[12:15] {dino} cov +.40

[12:15] {Threei}  - Believes the arrangement with Fiat will save 30K jobs.

[12:15] {Threei}  - Deal involves transfer of Fiat's 'cutting edge' technology to Chrysler.

[12:16] {Threei}  - bankruptsy is not a sign of the weakness

[12:16] {Threei}  hmmm

[12:16] {Threei}  this one is my favorite I think

[12:17] {Threei}  - small group of speculators endangers Chrysler future by refusing to make sacrifice like everyone else

[12:17] {Threei}  no... this one is better

[12:18] {dino} no mention of union concessions

[12:18] {vinod} Creditors have decided that cash is more important than the future of the American car industry

[12:18] {nemo} what future?

[12:18] {Threei}  UAW had 55% stake under the proposed deal

[12:18] {Threei}  creditors said no way

[12:19] {Threei}  also, all projections show that Chrysler if survives can count on 5% market share

[12:19] {Threei}  that's less that Kia ot Hundai

[12:19] {Threei}  creditors are quite right to walk away

[12:20] {Threei}  CAT invalidated

[12:20] {Threei}  - Notes disappointment with hedgefund bondholders, who were holding out for a better deal.

[12:20] {Threei}  - says Chrysler Finance would have needed an unacceptable amount of govt support, thus new Chrysler financing will be provided by GMAC

[12:21] {patience} why does it think i'm away vad

[12:22] {Threei}  what does?

[12:22] {patience} the little line that says patience is away

[12:22] {Threei}  you must have set it somewhere

[12:22] {patience} ty

[12:22] {Threei}  in mirc, go to:

[12:23] {cosmo} Solution for auto companies:  They are 'shovel ready' to make rail cars, rails, and MagLev systems.... they had to make tanks during the war...remember?

[12:23] {Threei}  Commands - Set Away

[12:23] {Threei}  make sure it's on Off

[12:23] {Threei}  I don't remember cosmo... you take my 'I am old" too literally {G}

[12:24] {chinggis} cat

[12:24] {chinggis} sorry mistake

[12:24] {cosmo} oh ... not the more recent wars, of course

[12:28] {dino} how do they figure gmac has funds, gm is broke too

[12:31] {wulff} CAT breaks

[12:33] {cosmo} CAT next big U.S. auto maker maybe?

[12:34] {Raven} those are gonne be pretty heavy cosmo ...

[12:34] {dino} mant to .60

[12:34] {Raven} gonna

[12:35] {Raven} will chew up the roads mabye

[12:35] {Raven} maybe ...

[12:35] {Threei}  that will create more jobs Raven

[12:35] {Raven} that'll be swell

[12:35] {cosmo} they are very stable in high winds

[12:35] {dino} cool name

[12:35] {Raven} lol ... very true

[12:36] {cosmo} i love the treads too

[12:36] {Raven} I like tanks a lot

[12:36] {dino} your welcome

[12:36] {Raven} always wanted one

[12:36] {cosmo} hmmm

06[12:36] * Raven slaps dino around a bit with a large trout

[12:37] {dino} to .72 mant

[12:37] {dino} ouch

[12:37] {dino} to .80

[12:38] {dptl} out sqnm ty

[12:38] {dino} out +.45

[12:38] {Threei}  can't believe it took this long to work, dp

[12:38] {jfjf64} im i on line  lost  connection

[12:38] {Threei}  but whatever

[12:38] {dino} too tight

[12:39] {dino} itri blood

[12:39] {jfjf64} any body copy   yes  no   

[12:39] {Threei}  no

[12:39] {fernp} yes, you are in jf

[12:39] {cosmo} Infrastructure Conglomerate   ... the next industrial sector...

[12:39] {Threei}  fern... you are wayyy too polite

[12:40] {jfjf64} ty    are ya in anything

[12:40] {Threei}  just covered SQNM, jf

[12:40] {jfjf64} ty

[12:42] {pita} adios

[12:43] {fernp} adios pita, nos vemos maana

[12:43] {dino} itri hmmmm

[12:43] {dino} mgln lod

[12:45] {Threei}  awww

[12:45] {Threei}  too soon on SQNM

[12:45] {Threei}  but jeez, it took so long

[12:45] {Threei}  I was just glad to stop staring at it

[12:45] {jfjf64} lol

[12:45] {nemo} look at cat

[12:46] {dino} nemoooooooooo, we missed psys short

[12:46] {Threei}  CAT was kind of discretionary

[12:47] {nemo} I pointed it out to you, and didn't hear back

[12:47] {Threei}  it did reestablish short setup but somewhat lukewarmly

[12:47] {dino} said around hod, see way above

[12:47] {cosmo} 35.50 is pivotal imho

[12:47] {nemo} [12:14] {nemo} PSYS DINO

[12:47] {ese} am back......whats with the dive of the market since i',ve been gone

[12:48] {Threei}  just pulling back off resistance, ese

[12:48] {nemo} So, it's my fault?

[12:48] {ese} for the market pulling back nemo

[12:48] {dino} indeed, lol

[12:48] {nemo} interloper...no the psys short

[12:49] {dino} now, i know this is a contradiction, but; dieeeeeee life

06[12:49] * nemo slaps dino around a bit with a large copy of Nemo's "Disgruntled Postal Worker Fantasy List"

[12:49] {dino} :)

[12:49] {nemo} life and death are merely different sides of the same coin...puke

[12:50] {dino} ok, nemo, riddle me this, itri entry?

[12:50] {dino} isle

[12:51] {Threei}  FAZ

[12:52] {dino} ugh, none avail

[12:52] {Threei}  watching for entry under 8

[12:52] {nemo} with market help, break of 43 

[12:52] {nemo} however, stop below .75 

[12:54] {nemo} why itri drop so much?

[12:54] {Threei}  missed earnings

[12:54] {dino} bstop life to .66

[12:54] {nemo} you in itri dino?

[12:55] {nemo} where?

[12:55] {dptl} in faz 8

[12:55] {vinod} in faz 8.00

[12:55] {dino} not yet

[12:56] {dino} waiting 42.80

[12:56] {nemo} what you lookin for, Willis?

[12:56] {vinod} i still have CAT shorted at 36.02   200

[12:56] {dptl} .95 stop?

[12:56] {dino} mgln hmmmm

[12:56] {dino} holding lod so far

[12:56] {Threei}  CHRYSLER FORMALLY FILES FOR BANKRUPTCY PROTECTION

[12:58] {dptl} out .05 ty

[12:59] {nemo} Dino, ITRI

[12:59] {dptl} got to use EDGX with faz ..fills mush faster than isld]

[12:59] {dino} missed itri

[13:00] {Threei}  seriously dp?

[13:00] {Threei}  I get instant ones with ISLD

[13:00] {nemo} ITRI moving without market

[13:01] {dino} i chickened out nemo

[13:01] {dptl} i don't know waiting all the time on isld with this one and edgx filling

[13:01] {nemo} that's o.k.  my middle name

[13:01] {dino} bummer

[13:01] {nemo} yeah .90 so far

[13:01] {Threei}  whose middle name is bummer?

[13:01] {dino} life to .57

[13:01] {nemo} for years I thought my name was "Asshole!"

[13:02] {nemo} I'm crying Dino

[13:02] {Threei}  mine was Hey You

[13:03] {dino} i'm a dumbazz

[13:03] {Threei}  magoos, I bet, is: Mister, don't shoot!!

[13:03] {dino} cov life .55, +.31

[13:04] {dino} there are better worlds(stocks) than these nemo

[13:04] {nemo} 2.00 in 10 minutes?

[13:05] {nemo} mags/3i's google earnings plays not-withstanding

[13:05] {dino} eyes on mgln

[13:07] {Threei}  hmm

[13:07] {Threei}  dp, you are right

[13:07] {Threei}  got very nice fills on both removing and adding liquidity on EDGX

[13:08] {dptl} ye even if you look at ecn t&s you'll see it's all edgx

[13:08] {Threei}  ty, and your middle name from now on is How Very Observant

[13:08] {dptl} what you in again?

[13:09] {Threei}  nothing right now, just scalped FAZ

[13:10] {Threei}  again, both sides adding liquidity this time

[13:10] {Threei}  ECN revate in works

[13:10] {Threei}  rebate

[13:11] {Threei}  laserheads, you know you can sdee rebate real time, right?

[13:11] {Threei}  see

[13:12] {nemo} the "passthru"

[13:12] {Threei}  right

[13:12] {Threei}  can see both overall and on particular stock

[13:12] {nemo} Had no idea

[13:13] {Threei}  look at number before fill

[13:13] {Threei}  then after

[13:13] {Threei}  you'l see it changing

[13:13] {Threei}  if you add liquidity, it will decerase

[13:15] {nemo} you in mgln yet dino?

[13:15] {Threei}  on my FAZ trades today I actually have positive number

[13:15] {Threei}  meaning I got paid by ECNs to play it

[13:16] {vinod} cover cat 35.48 out faz 8.08

[13:17] {Threei}  very nice on CAT

[13:17] {Threei}  over 50 cents

[13:17] {vinod} TK 

[13:17] {dptl} ye ,thats why it's nice to have ecn t&s to see wich ecn is filling the most so you can get out or get in easily

[13:18] {vinod} I have to play my way sometime because of work

[13:18] {Threei}  unless it gets overcrowded

[13:19] {Threei}  trying to bid FAZ 8.02

[13:19] {dino} mgln not yet nemo, waiting at 29.50

[13:19] {Threei}  yeah right FAZ says

[13:20] {dino} darn, covered my shorts too soon

[13:21] {dino} watching mant and itri for drops into this then bounces

[13:25] {dino} sm l mgln .50 wide

[13:26] {dptl} cat bounce? or to early?

[13:31] {dino} tndm

[13:44] {dino} sm l pnra .10

[13:49] {Threei}  S&P LOWERS CHRYSLER LLC'S RATINGS

[13:49] {Threei}  no really?

[13:52] {nemo} pnra looking more like a short now

[13:54] {dino}  depends on mkt imo

[13:55] {ese} ya'll have good time naaa ya hear........see ya tomorrow

[13:55] {dino} cya es

[13:55] {ese} c ya dino

[13:58] {dptl} {dptl} cat bounce? or to early?...lol 

[14:00] {dino} pnra tighten to .87 not working

[14:01] {nemo} kinda' scary if it breaks 57

[14:06] {dino} stopped-.23

[14:08] {nemo} ITRI ino

[14:09] {Threei} Long Setup:  FAS  .50 break if stays above .45

[14:14] {dino} cpla

[14:17] {dptl} valid again?

[14:18] {nemo} you play cpla dino?

[14:19] {Threei}  I'd like it to make one more move between .45 and .50

[14:19] {Threei}  to reestabliash the range

[14:20] {_ryanagler} gs short at 127 maybe?

[14:20] {_ryanagler} both 20 & 50 ma resistance

[14:20] {dino} sm l life .00

[14:21] {dino} nemo, waiting at 49.60

[14:21] {Threei}  finanacials uptrend again ryan

[14:21] {nemo} for CPLA?

[14:21] {Threei}  it's very jerky, can drop of course

[14:22] {Threei}  but there is nothing to indicate entry

[14:26] {dino} y

[14:26] {dptl} .55-.60 now fas?

[14:27] {Threei}  nah

[14:27] {Threei}  pullback into .50 or under

[14:27] {Threei}  I can't chase after such vertical spike

[14:27] {dptl} ok will wait

[14:28] {_ryanagler} short gs at .05

[14:30] {Threei}  swimming against the current ryan...

[14:32] {_ryanagler} youre probably right.  stop is at .50.  usually when 20 and 50 ma converge on 10min to a point at even number its good resist

[14:32] {nemo} ohoh indicators

[14:34] {vint} even after luch hrs, mkt seems tired

[14:34] {jfjf64} fas

[14:35] {Threei}  news helped send GS/FAS down

[14:36] {Threei}  TSLF auction, not very successful

[14:36] {Threei}  not sure it will have any lasting impact though

[14:36] {Threei}  SENATE BUDGET COMMITTEE CHAIRMAN: GEITHNER TELLS SENATE THAT NO ADDED BAILOUT FUNDS WILL BE REQUESTED ANY TIME IN THE NEAR FUTURE

[14:36] {nemo} hasn't moved TBT

[14:39] {Threei}  half out FAS here

[14:40] {nemo} when did you enter?

[14:40] {nemo} nevermind

[14:45] {_ryanagler} out gs at .50

[14:53] {dino} mant getting interesting again

[14:53] {dino} scor spike

[14:57] {Threei}  uh oh

[14:57] {Threei}  GM

[14:57] {Threei}  BONDHOLDER COMMITTEE HAS REPORTEDLY CANCELLED CONFERENCE CALL; GM NOTES IT WANTS TO FOCUS ON REDUCING DEBT AND CAPACITY AND WORKING WITH AUTO TASK FORCE

[14:57] {Threei}  another sign of strength coming?

[14:58] {Threei}  [12:16] {Threei} - bankruptcy is not a sign of the weakness

[14:59] {dino} score

[15:00] {dino} mwiv drop

[15:03] {Threei}  feels like selloff toward the end of day

[15:03] {Threei}  watch FAZ for entry

[15:03] {Threei}  likely to opullback toward 8 or just under

[15:05] {Threei}  US SENATE DEFEATS CRAM DOWN AMENDMENT TO HOUSING LEGISLATION

[15:05] {dino} mgln stop to .59, mkt fall

[15:05] {dino} life to .89

[15:06] {dino} life stopped -.11

[15:06] {dino} mgln stopped +.09

[15:06] {jfjf64} faz nice

[15:06] {Threei}  you took it jf?

[15:07] {jfjf64} yes .05

[15:07] {jfjf64} out .13

[15:07] {Threei}  good reflexes

[15:07] {fernp} gj

[15:07] {Threei}  it's not over

[15:07] {Threei}  bounce, then selling should resume

[15:08] {_ryanagler} dbl bottom

[15:08] {Threei}  and bounce is not likely to big big

[15:08] {jfjf64} when  do i get hit with the trout

[15:08] {Threei}  I don't think it's going to hold ryan

[15:08] {Threei}  new low is coming

[15:08] {_ryanagler} agree :)

06[15:08] * nemo slaps jfjf64 around a bit with a large roll of cash

[15:09] {jfjf64} yeah 

[15:09] {jfjf64} faz  again

[15:12] {jfjf64} need ya help bg guy

[15:12] {Threei}  what's with DRYS?

[15:13] {nemo} yeah saw that

[15:16] {Threei}  DOW red

[15:16] {Threei}  S&P red

[15:16] {Threei}  NASDAQ is a last one holding

[15:17] {Threei}  here comes breakdown on NASDAQ

[15:17] {Threei}  new low

06[15:17] * Threei high-fives ryan

[15:18] {Threei}  COMP red

[15:18] {Threei}  NQ last one in green

[15:18] {dino} s psys .15

[15:18] {Threei}  FAZ 20 cents spike from under .10

[15:18] {dino} gaps fill, next 8016, 1361,855

[15:25] {Threei}  US HOUSE APPROVES LEGISLATION TO APPROVE CREDIT CARD RULES

[15:25] {jfjf64} ??

[15:25] {Threei}  shrug

[15:25] {jfjf64} no more interest

[15:25] {dino} sm l mwiv .30

[15:27] {jfjf64} faz   .10   

[15:28] {dino} mgln l hl .53

[15:29] {dino} psys stopped -.16 done w/it

[15:30] {Threei}  AIG

[15:30] {Threei}  CONSIDERING CLOSING UNPROFITABLE MORTGAGE GUARANTEE UNIT

[15:30] {Threei}  lol

[15:30] {jfjf64} hmm

[15:30] {Threei}  we must be approaching to bottom of the crisis

[15:31] {jfjf64} faz?

[15:31] {dino} mant sm l .63

[15:31] {Threei}  in .05

[15:31] {Threei}  stop under 8

[15:32] {Threei}  hmmm

[15:32] {Threei}  no news that I see

[15:33] {dptl} faz?

[15:33] {Threei}  15:31] {Threei} in .05

[15:33] {Threei}  [15:31] {Threei} stop under 8

[15:33] {dptl} oh lol

06[15:33] * Threei slaps dptl around a bit with a large alarm clock

[15:34] {dptl} in .05

[15:34] {_ryanagler} in .03

[15:35] {dino} out mwiv .05, +.75

[15:36] {Threei}  wtg dino

[15:36] {fernp} indecent dino :)

[15:37] {dino} lol, lucky bounce

[15:38] {nemo} cu tomorrow

[15:39] {jfjf64} kick this faz

[15:39] {dino} cya nemo

06[15:39] * Threei slowly puts on steel toe boots and looks in FAZ's direction

[15:40] {dino} pnra maybe will fill that gap

[15:40] {dptl} out ty

06[15:40] * Threei meets FAZ eyes

06[15:41] * Threei points finger at his pffer at .15

[15:41] {chinggis} out faz.12 ty

[15:42] {Threei}  sure

[15:42] {dino} mant stop to .83

[15:42] {Threei}  whatever... out .13

[15:43] {jfjf64} ditto ty

[15:43] {jfjf64} faz  got me goin  today   lol

[15:43] {_ryanagler} something big coming

[15:44] {dino} stopped mant +.20

[15:47] {Threei}  last try

[15:48] {Threei}  stop is really small

[15:48] {Threei}  can't stay away

[15:48] {dptl} .05 again?

[15:48] {Threei}  no, took .02

[15:48] {dino} m,gln stop to .93

[15:49] {Threei}  out .08

[15:49] {dino} out +.40

[15:49] {Threei}  chicken feed

[15:49] {Threei}  but there was enough of that today to make it profitable day

[15:49] {_ryanagler} nice

[15:50] {_ryanagler} still holding at .03

[15:51] {dino} light but green

[15:51] {Threei}  yeah

[15:51] {dino} lots of rinses today

[15:52] {Threei}  ryan... you know it's 7 min till eod, right?

[15:53] {_ryanagler} yes.  biggest dumps have come in last 5 min in last couple weeks

[15:53] {Threei}  yeah

[15:53] {_ryanagler} but also biggest rallys :)

[15:53] {Threei}  just making sure :)

[15:53] {Threei}  some here actually frogot

[15:53] {Threei}  and were closing positions in hurry on last seconds, lol

[15:54] {dino} gotta hop, thx all, baseball calls

[15:54] {Threei}  take care dino

[15:54] {dino} u2

[15:55] {Threei}  nice FAZ

[15:56] {_ryanagler} gogo

[15:56] {Threei}  4 min

[15:58] {_ryanagler} fun faz run

[15:58] {jfjf64} woooo    ty    good  night

[15:59] {_ryanagler} stops to .32

[15:59] {dptl} have a good evening all

[15:59] {_ryanagler} ouy. ty vad!

[15:59] {Threei}  thank you all

[15:59] {_ryanagler} out

[15:59] {Threei}  welcome, good job

[16:00] {Threei}  have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {fernp} good evening all

[16:00] {_ryanagler} take care

Apr 29 2009

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

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

[07:10] {nemo} anybody home?

[08:07] {Threei}  good morning

[08:07] {Threei}  wow DNDN

[08:07] {Threei}  what a killer

[08:07] {Threei}  did its best to destroy both sides

[08:14] {Threei}  Prez on TV in case you wondered

[08:16] {magoo} morning

[08:16] {Threei}  mags

[08:17] {magoo} any feel on DNDN?

[08:18] {Threei}  will be very volatile

[08:18] {Threei}  whether all good news is in or not, remains to be seen

[08:19] {Threei}  it scared the hell out of holders by that yesterday dive,

[08:19] {Threei}  it showed them just how huge the potential for a loss is in this one

[08:19] {magoo} yea

[08:19] {Threei}  so I'd think it will have considerable amount of bailing out

[08:19] {magoo} still avail short in laser

[08:20] {Threei}  my best guess at this point:

[08:20] {Threei}  it will soak in that bailing out and jump uponce again

[08:20] {Threei}  to frustrate those bailed out and to sucker in new portion

[08:21] {magoo} u think go to 30 pre mkt?

[08:21] {Threei}  I don't know

[08:21] {Threei}  it's a pure guess, don't press me

[08:22] {magoo} ask your magic 8 ball..dino smashed ours

[08:22] {Threei}  risk is on multi-points on this one, especially pre-market

[08:26] {magoo}  don't press me

[08:26] {magoo} ? no pressure, cranky

[08:26] {Threei}  cranky is my usual state

[08:26] {Threei}  just ask my wife

[08:27] {magoo} gdp nummbers

[08:27] {Threei}  in 3 min

[08:28] {Threei}  REPORTEDLY CHRYSLER CEO NARDELLI NOTES THE UAW HAVE UNANIMOUSLY APPROVED A TENTATIVE NEW LABOR PACT WITH THE FIRM - MEMO

[08:30] {Threei}  Q1 ADVANCED GDP PRICE INDEX: 2.9% V 1.8%E;

[08:30] {Threei}  CORE PCE Q/Q: 1.5% V 1.0%E

[08:30] {Threei}  Q1 ADVANCED GDP ANNUALIZED: -6.1% V -4.7%E; PERSONAL CONSUMPTION: 2.2% V 0.9%E

[08:30] {dptl} good morning all

[08:30] {Threei}  dp :)

[08:35] {pita} ola

[08:35] {Threei}  pita :)

[08:39] {fernp} Good morning

[08:40] {Threei}  fern :)

[08:40] {larisa} good morning :) 

[08:40] {Threei}  larisa :)

[08:47] {Threei}  GDP numbers failed to send the market down

[08:48] {cosmo} failed?

[08:49] {_ryanagler} first US swine flu death also failed

[08:50] {vinod} good morning

[08:50] {_ryanagler} Good morning

[08:50] {Threei}  ryan, vinod :)

[08:50] {Threei}  yes, nothing can keep this market down

[08:50] {cosmo} hmmm ... flu failed to impress

[08:51] {nemo} gotta' decrease the surplus population anyway

[08:51] {vinod} we need more bad news it is good for market

[08:52] {Threei}  market does its usual job

[08:52] {Threei}  goes up with as few on board as possible,

[08:53] {Threei}  by using bad news as a factor keeping crowd at bay

[08:53] {Threei}  climbing up against all odds,

[08:53] {Threei}  luring them in,

[08:53] {nemo} THen........

[08:53] {Threei}  and setting the stage for the usual:

[08:53] {cosmo} climbing up against all walls

[08:53] {Threei}  when the crowd gives up and jumps on board, vertical spike with volume explosion follows,

[08:53] {Threei}  then trap shuts

[08:54] {Threei}  and market drops

[08:55] {ese} GM

[08:55] {Threei}  ese :)

[08:55] {ese} hey vad

[08:57] {_ryanagler} shorting a tiny bit of fas at .75 for possible fade

[09:03] {Threei}  GERN

[09:03] {Threei}  HEARING STRENGTH BEING ATTRIBUTED TO CHATTER COMPANY MAY SIGN LARGE CONTRACT WITH A PHARMACEUTICAL COMPANY

[09:04] {ese} bulk dry index?  anybody seen or heard?

[09:08] {Threei}  not for quite a while

[09:11] {chinggis} Goodmorning

[09:11] {pita} drys up 5% on no news

[09:12] {ese} i'm liking the look of the daily chart pita....nice pullback to support

[09:12] {ese} morning chingis

[09:12] {Threei}  chingis :)

[09:13] {pita} I'm watching too

[09:14] {pita} DRYS pre mkt high close to yesterday high

[09:16] {Threei}  WFC yest high 20.12, premarket 20.15

[09:16] {ese} dndn just hit my screens

[09:16] {Threei}  if we get strength, that area is breakout point

[09:19] {dino} gm all

[09:20] {fernp} gm dino

[09:20] {nemo} hey "lucky" man

[09:20] {Threei}  dino :)

[09:20] {nemo} oh no...an ELP moment

[09:20] {dino} :)

[09:20] {jfjf64} good mornin   all

[09:20] {Threei}  jf :)

[09:20] {ese} hey dino

[09:22] {dino} gm

[09:22] {pita} Vad, thoughts on HBAN?

[09:23] {ese} don't stay in it along time....financial not that good

[09:24] {Threei}  none yet...

[09:24] {Threei}  yest high 2.96

[09:24] {Threei}  if consolidates a bit close to it, then breaks with other finnies being storng, could be a play

[09:25] {Threei}  DNDSN won't quit until last short is destroyed eh

[09:25] {ese} boy i'll say

[09:26] {ese} that thing is all over my screens this morning

[09:26] {dino} off mine

[09:26] {Threei}  I used whiteout to get rid of it

[09:26] {ese} i'll try tape

[09:26] {Threei}  works great on monitor surface

[09:27] {ese} simple mater of using a chisel to get it off ...perfect

[09:28] {Threei}  sheesh DNDN

[09:28] {Threei}  one thing is for sure

[09:29] {Threei}  if in the next 1 minute it drops to $5, buy it

[09:30] {ese} ill heed that advice

[09:31] {Threei} Long Setup:  WFC  .95 break

[09:31] {Threei}  if stays above .80

[09:32] {nemo} half or whole

[09:32] {Threei}  jeez DNDN

[09:33] {nemo} invaluamdidate

[09:33] {Threei}  invalidated anyway

[09:33] {Threei}  I am still inetersted, watching for new setup

[09:33] {dino} pfwd

[09:35] {dptl} hban?

[09:36] {Threei}  if stays close to .96 and breaks when FAS bounces, valid play

[09:36] {ese} l drys .40

[09:36] {dino} pnra

[09:38] {Threei}  looks like first morning jumpiness subsides

[09:38] {Threei}  WFC, pullback into .70 for long entry

[09:38] {dptl} in hban

[09:41] {pita} in

[09:41] {dino} hsii

[09:43] {nemo} am I still here?

[09:43] {Threei}  very existential question

[09:44] {nemo} no, because there were no entries and then all the entries from 9:36 to 9:41 popped up at the same time

[09:46] {Threei} Short Setup: WFC  .90 breakdown half lot

[09:46] {dptl} stop .85 for hban? 

[09:47] {dino} pnra sm l .50, jumpy wide

[09:47] {dptl} in wfc

[09:47] {magoo} in

[09:48] {nemo} in

[09:48] {nemo} stop is 95

[09:48] {Threei}  for scalpers...

[09:48] {Threei}  I'd prefer over over 20

[09:52] {Threei}  CRYP...

[09:53] {Threei}  no worky WFC

[09:53] {dptl} stopped

[09:54] {pita} stopped

[09:55] {pita} FITB

[09:56] {wulff} I feel a F .40 breakout coming

[09:56] {Threei}  .long lulu 14.80 break

[09:56] {Threei} Long Setup:  LULU  14.80 break

[09:57] {magoo} crazy one right?

[09:57] {Threei}  potentially

[09:58] {dptl} stop to under .90 hban

[10:01] {Threei}  (US) WHITE HOUSE'S ROMER: BELIEVES Q1 GDP MAY HAVE A "SILVER LINING" IN HIGHER CONSUMER SPENDING AND LOWER INVENTORIES - TV INTERVIEW

[10:01] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[10:02] {wulff} RIMM looks short candidate

[10:03] {nemo} NDX might be bottoming, maybe not

[10:03] {nemo} that is Rimm short if NDX going to climb

[10:03] {ese} is ARCA down?

[10:04] {Threei}  CAT

[10:04] {Threei}  CEO STATES THAT SALES OF LARGE EARTH MOVERS IN CHINA HAVE RESUMED POSITIVE TREND -WSJ

[10:04] {nemo} sorry wulff never mind, charts screwed up...you're right

[10:06] {dptl} stopped hban

[10:08] {dino} life

[10:09] {wulff} is

[10:09] {magoo} shit]

[10:09] {dino} psys close to hod

[10:09] {wulff} there goes RIMM

[10:10] {wulff} was going to do .80 break

[10:12] {Threei}  BAC

[10:12] {Threei}  LEWIS: NOTES THAT EVERY MAJOR BANK "UNDER PRESSURE"; HAVE LOST SOME TALENT TO COMPETITORS - ANNUAL MEETING

[10:12] {dino} psys spike

[10:13] {dino} pnra stopped -.50 dumb had .50

[10:16] {dino} sm s psys .10

[10:18] {ese} daaaaaaa...first opportunity i'm outa drys.....itzzaaa doing nothing

[10:18] {dptl} wfc?

[10:18] {wulff} I'll take it from you

[10:18] {Threei}  shrug

[10:18] {Threei}  you see any setup to take?

[10:19] {Threei}  slow up and down, sometimes sudden spike in random direction

[10:19] {wulff} F .38 break

[10:21] {ese} out drys .41 even daaaaaa

[10:22] {Threei}  LVS lost its mind

[10:22] {ese} vad you describing the sex life of a trader in that last post????

[10:22] {ese} 2nd last post

[10:23] {dino} hsii l .05 sm

[10:28] {vinod} wow!!! if GDP was down 10% market would been up 300

[10:28] {ese} sorry vad......that last attempt at humor has tongue tied you...appologies

[10:29] {larisa} do not worry ese, he is just asleep :)

[10:29] {ese} pheeeewww.....

[10:29] {nemo} wow up and up

[10:30] {Threei}  *DOE CRUDE: +4.05M V +2ME;

[10:31] {Threei}  we have FOMC today... mostly non-event I'd think

[10:32] {Threei}  although who nows what they say in comments

[10:32] {ese} no....Bernake will say something totally inappropriate once again and all hell will break loose

[10:36] {Threei}  jeez

[10:36] {Threei}  typed alert short DNDN 25.10 break

[10:37] {Threei}  was late as it broke while I typed

[10:38] {magoo} i got that

[10:38] {magoo} honest

[10:40] {dino} sm s life .15

[10:40] {Threei} Long Setup:  GE  .46 if stays above .40

[10:40] {magoo} covered here ,36

[10:40] {magoo} +  alot

[10:40] {dptl} in ge

[10:41] {magoo} ty vad for telepathic short call

[10:41] {Threei}  lol

[10:41] {magoo} something compelled me

[10:41] {dino} gj

[10:42] {magoo} in ge

[10:44] {jfjf64} lets go  ge

[10:45] {magoo} vad is there news RIMM?

[10:46] {Threei}  nothing fresh or urgent

[10:48] {vinod} someone should kick the GE

[10:49] {Threei}  look at it's daily

[10:49] {Threei}  screams 14

[10:49] {vinod} nemo-What are they drinking on Wall Street?

[10:50] {Threei}  EU'S JUNCKER: NO SIGNS OF EUROPEAN ECONOMIC STABILZATION AT THE MOMENT, BUT STILL SEE ECONOMY RECOVERY IN 2010

[10:50] {Threei}  sigh

[10:51] {nemo} ge seems to be caught wit fas

[10:52] {nemo} am I here

[10:52] {ese} hello

[10:52] {ese} wondering the same

[10:52] {vinod} hello

[10:53] {magoo} i cant see any of u 3

[10:53] {vinod} my screen went blank

[10:53] {nemo} :)

[10:53] {nemo} usual state for my brain vinod

[10:54] {dino} same

[10:56] {Threei}  anything's going to qwork today?

[10:56] {dptl} ah...stopped ge

[10:56] {nemo} stopped

[10:57] {cosmo} ATVI test @ 11  fwiw

[10:57] {pita} stopped

[10:57] {fernp} stopped GE

[10:57] {Threei} Long Setup:  DNDN  half lot .10 break

[10:57] {Threei}  stop under .90

[10:58] {magoo} too funny..i just took 24 long

[10:58] {dptl} valid still ?

[10:59] {vinod} see you after 1.30

[10:59] {Threei}  yes

[10:59] {Threei}  take care vinod

[11:00] {magoo} bye v

[11:00] {dino} pnra big rinse-job

[11:01] {magoo} out

[11:01] {Threei}  invalidated DNDN

[11:01] {magoo} RIMM vad..near low

[11:03] {jfjf64} stopped ge

[11:05] {dino} filled gap yesterday rimm

[11:10] {cosmo} atvi 11 wall

[11:11] {ese} didn't think it would get there but s/p 872....875 resistance....go through that and who knows

[11:11] {dino} life to b/e stuck

[11:14] {dino} psys stopped -.34

[11:15] {Threei}  WHO: MOVING TOWARDS A PHASE 5 PANDEMIC ALERT

[11:16] {dino} and ccl, rcl up

[11:16] {Threei}  NO SIGNS SWINE FLU IS SLOWING ITS SPREAD; CURRENTLY FLU CLOSE TO THAT OF SEASONAL FLU

[11:16] {Threei}  - Currently at Phase 4; raised to Phase 4 from Phase 3 on 4/27

[11:24] {Threei}  what the deuce

[11:24] {Threei}  market is climbing, I can't find any play to follow it

[11:25] {Threei}  Prez on TV btw

[11:25] {dino} same

[11:28] {dino} psys rinsed too, rinse day

[11:30] {dino} 874.96

[11:31] {nemo} right at resistance

[11:31] {magoo} huge offer rimm vad 01

[11:32] {Threei}  so.. long on break?

[11:32] {magoo} yea

[11:32] {magoo} if eats it

[11:33] {magoo} unless its  the ole dupe and poop

[11:33] {Threei}  anyone sees anything on BCON and URRE?

[11:36] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:38] {chinggis} any read on QLGC 3i?

[11:39] {Threei}  looks breaky

[11:39] {chinggis} ty

[11:39] {Threei}  if market resumes climb, should break

[11:40] {Threei}  how much it has left in it after a dollar climb is anyone's guess

[11:43] {chinggis} in.68 out .74 qlgc

[11:43] {chinggis} ty

[11:43] {dino} psys s .84

[11:44] {dino} life stopped b/e

[11:44] {dino} spiked

[11:50] {Threei}  SHAREHOLDER VOTE REGARDING CEO LEWIS' POSITIONS AS CHMN/CEO IS REPORTEDLY TOO CLOSE TO CALL

[12:03] {Threei}  if you researched whether there is life on earth and used market of last hour as your evidence, answer would have been no

[12:10] {dptl} cat short .60?

[12:11] {Threei}  looks right

[12:11] {Threei}  will require markethelp of course but the chart is right

[12:12] {Threei}  may want to think of aggressive entry

[12:12] {dptl} ok ty

[12:12] {Threei}  like .67 if stays under .75

[12:20] {magoo} u like GS short lord vader?

[12:21] {Threei}  I rarely like GS short...

[12:21] {Threei}  GS always goes up

[12:22] {Threei}  on serious note, I don't know mags

[12:22] {Threei}  I am obviously not in tune with market today so far,

[12:22] {Threei}  and GS is a stock that bills you at high rate for mistakes

[12:23] {Threei}  then again, there's not much to be in tune with today

[12:25] {magoo} NVAX takes 3

[12:33] {dino} pnra maybe double bottom in making

[12:33] {magoo} u got the ball dino..u make the call

[12:33] {Threei}  really... someone should

06[12:33] * Threei hides under the nearest rock

06[12:34] * magoo slaps magoo around a bit with a large trout

[12:35] {dptl} wfc ?

[12:36] {Threei}  still downtrending...

[12:37] {magoo} sh dndnm 

[12:37] {dptl} ye was thinking .90 break

[12:37] {Threei}  and does so against FAS

[12:37] {magoo} loss 24 

[12:37] {magoo} to fast

[12:37] {magoo} sheesh

[12:39] {magoo} sh GS here RISKY

[12:42] {magoo} DNDN 35:1 lol

[12:42] {magoo} 1 cent stop

[12:42] {nemo} DH

[12:43] {magoo} out .70

[12:45] {Threei}  I got tired of sitting... short CAT

[12:46] {Threei}  stop .81

[12:47] {dptl} in .72

[12:47] {nemo} in what?

[12:47] {Threei}  lol nemo

[12:47] {Threei}  lift your esy by two lines

[12:47] {Threei}  eyes

[12:48] {nemo} no dptl?

[12:48] {nemo} he went short cat there?

[12:48] {dptl} yes

[12:48] {nemo} o.k.

[12:49] {Threei}  ok CAT, how about you drop to 33 in one big swoop, and we make the day and go home?

[12:49] {jfjf64} lets go

[12:49] {magoo} INNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNn

[12:49] {dptl} that would be nice 

[12:49] {magoo} look out johnny...EYEEEEEEEEe

[12:49] {Threei}  dino... why do you keep coffee with cafeine in the office?

[12:50] {Threei}  with magoo around that's a big no no

[12:50] {nemo} it's not the coffee, Vad.  It's when Mags forgets to take his lithium

[12:52] {magoo} out GS loss dime

[12:52] {dptl} wfc .80 short?

[12:53] {Threei}  hard to tell...

[12:53] {Threei}  lost quite a bit already from the high

[12:54] {dino} sm pnra .95 l

[12:54] {magoo} out cat

[12:54] {magoo} loss 05

[12:55] {jfjf64} me too

[12:55] {jfjf64} loss06

[12:58] {Threei}  sigh

[12:58] {dptl} stopped

[12:59] {nemo} Some days you get the bear, some days the bear chews you limb from limb

[13:00] {Threei}  considering size of stops, rather toes than lims

[13:08] {chinggis} cake?

[13:08] {Threei}  no thanks

[13:09] {Threei}  ok... a bit too extended here

[13:09] {Threei}  oullback, maybe

[13:09] {Threei}  break - no

[13:09] {chinggis} ok ty

[13:13] {nemo} wfc vad

[13:16] {vinod} I see lots of smily face!!!!!!

[13:17] {nemo} where?

[13:17] {Threei}  where?

[13:17] {vinod} here?

[13:17] {Threei}  I hear a lot of snorring

[13:17] {nemo} damn wfc

[13:17] {pita} counting lost toes.....

[13:17] {vinod} just to make you guy laugh

[13:18] {nemo} don't quit your day job vinod

[13:18] {Threei}  all three of them?

[13:18] {Threei}  toes I mean

[13:18] {vinod} I can do limited here plus can't use software you guy using

[13:18] {nemo} what?

[13:19] {Threei}  what what?

[13:19] {nemo} oh, pita???

[13:19] {pita} yeahh

[13:19] {pita} three toed sloth I guess

[13:20] {Threei}  BAC

[13:20] {Threei}  REPORTEDLY SHAREHOLDERS ELECT ALL BOARD MEMBER CANDIDATES - UNCONFIRMED REPORT

[13:23] {Threei}  WHITE HOUSE ADVISOR VOLKER: NO MORE STIMULUS IS NEEDED, CURRENT CREDIT PROGRAMS FROM THE FED ARE RISKING ITS INDEPENDENCE

[13:23] {Threei}  - Does not believe any systemically important banks will fail

[13:23] {Threei}  wow

[13:24] {dino}  875.97

[13:24] {Threei}  that's as good excuse for the market to go up as any

[13:28] {jfjf64} ms

[13:28] {magoo} MS animal

[13:30] {vinod} now everyone on side line are going in?

[13:31] {Threei}  yes but we are approaching Fed time

[13:35] {pita} adios amigos

[13:35] {magoo} adios muchachos

[13:35] {Threei}  take care pita

[13:37] {dino} cya pita

[13:49] {vinod}  market is primed for a big move…up or down

[13:49] {magoo} UP

[13:50] {magoo} but decision day..UP..down..UP...DOWN ..finish up[

[13:50] {magoo} or down lol

[13:50] {vinod} why you wants short to be killed

[13:51] {vinod} they are half dead

[13:51] {dptl} have a good evening all

[13:51] {larisa} bye dp

06[13:52] * magoo slaps dptl around a bit with a large trout

[13:52] {Threei}  take care dp

[13:53] {vinod} money from helicopters coming

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

[13:56] {laserdave} somehow i new that was coming

[13:59] {magoo} huh?

06[13:59] * magoo slaps dino around a bit with a large trout

06[13:59] * magoo slaps Threei around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps nemo around a bit with a large trout

06[13:59] * magoo slaps patience around a bit with a large trout

06[13:59] * Raven slaps magoo around a bit with a large trout

[13:59] {Raven} clam down !

[13:59] {magoo} HEY..what  i do?

[13:59] {Threei}  dino... you hid his Prozac or what?

[14:07] {dino} he's a pain in the azz

[14:07] {ese} whoa that looks like a heck of beating larisa......

[14:07] {ese} hows everyone......got called away on some business

[14:07] {larisa} looks like I am his favorite :)

[14:08] {ese} i'll say

[14:08] {larisa} or finger got stuck

[14:08] {dino} light day for me lots of rinses

[14:08] {ese} ya...i only gave drys a try earlier dino

[14:08] {ese} basically got rinsed

[14:09] {Threei}  he just head a seizure larisa... :)

[14:09] {larisa} or that :)

[14:10] {Threei}  broken ankle + abundance of caffeine + hidden Prozac...

[14:10] {ese} s/p bouncing off support

[14:12] {magoo} plus booze

[14:13] {ese} in for a bit....gone for the day....catch you all tomorow

[14:13] {Threei}  2 min

[14:13] {magoo} okdow up 188 before fed

[14:13] {magoo} naz up 44

[14:14] {magoo} strtategy vad?

[14:15] {nemo} shhhhhhh....don't wake him up mags

[14:15] {Threei}  shrug

[14:16] {Threei}  FOMC LEAVES RATE UNCHANGED AT 0.25%;

[14:16] {magoo} unchanged

[14:16] {Threei}  as if anyone doubted that

[14:17] {Threei}  SEES GRADUAL RESUMPTION OF ECONOMIC GROWTH

[14:21] {nemo} TBT exploding

[14:22] {Threei}  SEEING SIGNS OF STABILIZATION IN SPENDING

[14:22] {Threei}  - Leaving GSE and Treasury purchases unchanged

[14:22] {Threei}  - Vote was 10-0

[14:22] {Threei}  - Sees some risk for inflation to be below desired levels

[14:22] {Threei}  - Will continue evaluation of timing and amounts of purchases of Treasuries and GSEs

[14:22] {Threei}  - Economic outlook likely to remain weak; outlook has improved slightly since March

[14:23] {nemo} TBT up 1.50 in 5 minutes

[14:23] {nemo} non DNDN...

[14:24] {dino} tbt not believing inflation risk low

[14:24] {nemo} me neither

[14:25] {nemo} although, why this fomc decision elicited that response is beyond me.  Then again, I don't understand women either

[14:26] {magoo} see my dn up dn up call true

[14:26] {Threei}  TBT probably reacted to this line

[14:26] {Threei}  [14:22] {Threei} - Leaving GSE and Treasury purchases unchanged

[14:27] {nemo} leaving the liquidity in the market

[14:27] {nemo} that really isn't in the market, it's just mouseclicks "supposedly" sitting in the banks

[14:27] {vinod} Federal Reserve Bank. is PRIVATELY-owned, mostly by the banks receiving the bailouts

[14:28] {Threei}  BAC

[14:28] {Threei}  TO REPORTEDLY RECOUNT SHAREHOLDER VOTE ON CEO LEWIS

[14:30] {nemo} that's a riot.  GLD craters

[14:31] {Threei}  goldbugs discuss new consipracy theories right about now?

[14:32] {nemo} well, 80-90% of all gold futures contract are through 3 banks I think

[14:33] {nemo} fas to new highs

[14:33] {nemo} 400 point day coming on the dow?

[14:34] {Threei}  lwet's see if we get pullback to try

[14:34] {Threei}  FAS around .30

[14:34] {Threei}  WFC .10

[14:36] {magoo} dndn crushed in this big up move

[14:37] {vinod} how good is volume?

[14:38] {nemo} lousy as of 20 minutes ago

[14:38] {nemo} 60% on DOW 92% on nas 65% on S&P

[14:39] {nemo} wfc

[14:39] {nemo} shit was sitting at .11

[14:40] {nemo} miners are up big

[14:41] {dino} pnra stop to .60

[14:42] {dino} to .69

[14:42] {dino} out +.74

[14:44] {nemo} dino....lucky again....:)

[14:46] {dino} y

[14:49] {Threei}  +400 day got canceled or what?

[14:49] {nemo} ask larisa

[14:49] {dino} cern

[14:50] {larisa} +200 is not good enough for you ? :)

[14:50] {Threei}  not if we haven't gotten a way to exploit it

[14:52] {larisa} if you want make market Goddess laugh, tell her about your plans 

[14:52] {nemo} cute...that's what we say in general

[14:53] {Threei}  PIMCO'S BILL GROSS: BELIEVES FED IS 'SAVING AMMUNITION'; IS DISAPPOINTED - TV INTERVIEW

[14:53] {Threei}  what did he want to hear?

[14:53] {nemo} that guy pisses me off

[14:55] {dino} talks his book

[14:55] {nemo} yes, I understand.  Too close to a politician for me

[14:55] {Threei}  in WFC .81

[14:55] {dino} 60 pt drop

[14:58] {Threei}  PIMCO'S EL-ERIAN: FED IS RISKING A JAPANESE SCENARIO, IN WHICH POLICY SUPPORT IS WITHDRAWN TOO EARLY

[14:59] {Threei}  out .87

[14:59] {jfjf64} out.85

[14:59] {Threei}  as dawg would say, chrissake trade

[14:59] {jfjf64} gm on vad

[15:00] {Threei}  this is frikin first win today for me, lol

[15:01] {magoo} u suk he he {as magoo runs for cover from impending fish fest}

[15:01] {jfjf64} only 3  pm

[15:01] {Threei}  no fish for you

[15:01] {nemo} try a sledge

[15:01] {Threei}  I have nercy on men with brken ankles and nop Prozac

[15:02] {nemo} Vad, always kick a man when he's down.  He might get up and start kicking you

[15:02] {Threei}  problem is, he enjoys it too much

[15:02] {magoo} man..what i gotta say to get slapped?

[15:03] {magoo} u suk iss BAD

[15:03] {Threei}  see?

[15:07] {dino} sm s tbt .20

[15:08] {Threei}  MGM HALTED

[15:08] {larisa} AMZN does not look happy

[15:09] {Threei}  LVS can be the way to play MGM news when it appears

[15:12] {Threei}  Fiat

[15:12] {Threei}  WILL BE SIGNING PARTNERSHIP AGREMENT WITH CHRYSLER TOMMOROW; BANKRUPTCY NOT RULED OUT - CNBC REPORT

[15:23] {larisa} very clean AMZN breakdown, made 15c :) rich now!

[15:23] {Threei}  WFC getting tempting again

[15:24] {dino} gj larisa

[15:24] {Threei}  wtg

[15:25] {larisa} lol

[15:25] {dino} pnra app. lod

[15:26] {Threei}  larisa... even +200 becomes [roblematic

[15:27] {dino} 100 pt drop

[15:27] {Threei}  is that how you deminstrate the power of market goddess?

[15:27] {Threei}  okay.... bounce time

[15:27] {larisa} +200 she will give us

[15:27] {Threei}  in WFC

[15:28] {Threei}  half out .52

[15:28] {Threei}  +.10

[15:28] {Threei}  wanted FAS too but that one got away

[15:31] {Threei}  second half didn't work

[15:32] {Threei}  REPORTEDLY US HOUSE PANEL HAS PASSED MORTGAGE FINANCE REFORM BILL

[15:32] {Threei}  {XLF}

[15:34] {jfjf64} ??

[15:35] {magoo} dndn

[15:39] {Threei}  that last WFC dive was wotrth holding eh

[15:39] {dino} tbt bstop to .01

[15:39] {nemo} 3rd eye a bit fogged

[15:43] {dino} cov tbt .90, +.30

[15:45] {Threei}  why did I wake up today?

[15:45] {nemo} duh?  It's more like why did you trade today...

[15:45] {dino} rimm, intc, txn not really participating

[15:46] {Threei}  3 stops, 2 wins which haven't covered stops, just made the end result so laughable, the opnly question I have is why didn't I just sleep in

[15:46] {dino} took me until afternoon vad

[15:46] {Threei}  and on top of that I have to siffer nemo's caustic remarks

[15:47] {Threei}  and magoo's stinkin' fish

[15:47] {nemo} That wasn't caustic

[15:47] {dino} least you don't have to look at him

[15:47] {Threei}  lol... you win dino

[15:48] {dino} blow off top?

[15:49] {Threei}  US SENATE FINANCE COMMITTEE TO REPORTEDLY PRODUCE LEGISLATION AIMED AT OFFSHORE TAX EVASION IN THE NEAR TERM

[15:54] {Threei}  okay guys

[15:55] {Threei}  waste of the day

[15:55] {Threei}  we will get them tomorrow

[15:55] {Threei}  unless they get us

[15:55] {Threei}  have a good evening, see you tomorrow

[15:55] {nemo} paranoid?

[15:55] {dino} pnra lod

[16:00] {vint} good evening all (have been in and out last couple of days..)

[16:01] {dino} take care all, tee time in 30

Not much excitement but fairly solid day. Short on CAT and a few longs on usual suspects plus BIIB made the day worth waking up for.

Session Time: Tue Apr 28 00:00:00 2009

[06:49] {nemo} anybody home

[06:58] {KSystems} boo

[07:34] {nemo} Gruess dich Herrn K

[07:55] {Threei}  04/28/09 00:01am

[07:55] {Threei}  [C] Citigroup Inc Federal regulators advise Citi and BoA to raise more capital based on early "stress test" results - WSJ

[07:55] {Threei}  - Citing people familiar with the situation.

[07:55] {Threei}  - The capital shortfall amounts to billions of dollars at Bank of America, people familiar with the bank said.

[07:55] {Threei}  - Executives at both banks are objecting to the preliminary findings, which emerged from the government's scrutiny of 19 large financial institutions. The two banks are planning to respond with detailed rebuttals, these people said, with Bank of America's appeal expected by today.

[07:56] {Threei}  - The findings suggest that gov't officials are using the stress tests to send a tough message to struggling banks. It is unlikely that these two are the only banks the Federal Reserve has determined might need more capital.

[07:56] {Threei}  - Gov't officials say their meetings about the stress tests with bank executives over the last few days conveyed preliminary results and that discussions were expected to continue this week about specific findings. They also say that banks directed to raise more capital shouldn't be viewed as insolvent.

[07:56] {Threei}  - Instead, the capital is intended to cushion the banks against potential future losses under dire economic conditions. Federal officials say they won''t allow any of the top 19 banks to fail.

[07:56] {Threei}  - While the Fed initially planned to release the results of the stress tests on May 4, the gov't says the results will be released sometime that week.

[07:56] {Threei}  - Banks that are deemed to need more capital will have six months to find it, either from private investors, other financial institutions or the U.S. gov't

[08:02] {Threei}  RMBS

[08:02] {Threei}  U.S. DISTRICT COURT ISSUES DECISION REGARDING SAMSUNG CONTRACT CLAIMS IN RAMBUS CASE

[08:20] {cosmo} DNDN not done...

[08:21] {vinod} good morning to all and be back at 10.00

[08:21] {Threei}  cosmo, vinod :)

[08:22] {cosmo} daily C&H btw

[08:22] {cosmo} breaking

[08:27] {pita} greetings all

[08:28] {nemo} gm :)

[08:28] {Threei}  pita, nemo :)

[08:31] {Threei}  BRCD EXTEND OEM RELATIONSHIP TO ENTERPRISE IP NETWORKING WITH IBM

[08:31] {pita} what'd I miss - BAC, WFC FAS all down today?

[08:31] {Threei}  [07:55] {Threei} [C] Citigroup Inc Federal regulators advise Citi and BoA to raise more capital based on early "stress test" results - WSJ

[08:32] {nemo} swine flu and stress test announcement

[08:32] {Threei}  and whole bunch of lines after that, all meaningless

[08:32] {pita} wow

[08:38] {fernp} Hello everybody

[08:39] {Threei}  fern :)

[08:42] {dptl} good morning all

[08:42] {Threei}  dp :)

[08:42] {larisa} morning :)

[08:43] {Threei}  larisa :)

[08:50] {Threei}  (US) SENATOR SHELBY: NOT AWARE OF ANY RESULTS FROM RECENT STRESS TESTS; BELIEVES MANY BANKS ARE INADEQUATELY CAPITALIZED

[08:51] {cosmo} they need treadmills

[08:51] {Threei}  who cares whart he believes?

[09:02] {Threei}  BCRX looks to be the strongest of swine flu plays

[09:06] {jfjf64} mornin

[09:06] {Threei}  jf :)

[09:08] {dino} gm all

[09:08] {Threei}  dino :)

[09:09] {nemo} any word from mags?

[09:09] {ese} morning

[09:09] {Threei}  ese :)

[09:09] {Threei}  C

[09:09] {Threei}  REPORTEDLY US REGULATORS ARE IN DISCUSSIONS WITH BANK REGARDING CAPITAL POSITION FOLLOWING STRESS TEST - UNCONFIRMED SOURCE

[09:10] {Threei}  PIMCO'S BILL GROSS: WE ARE NOT BUYING USTS AT THE MOMENT

[09:11] {Threei}  (whispering) see if they sell on that line, and buy all you can

[09:15] {Threei}  (US) CONGRESSMAN B FRANK (D): BANKS REPAYING TARP FUNDS TO BOOST PUBLIC CONFIDENCEE

[09:16] {dino} he should be in es

[09:16] {dino} nemo i mean

[09:17] {cosmo} prxl

[09:18] {dino} turnaround tueday?

[09:18] {dino} tuesday

[09:19] {nemo} tumble down tuesday?

[09:19] {Threei}  both, IMO

[09:19] {pita} which first?

[09:19] {Threei}  the sequence is a question

[09:19] {nemo} yeah...elevator down at first...come back...then eod?

[09:19] {Threei}  yes

[09:20] {nemo} faz looks like it's going to run a little

[09:21] {Threei}  does FAS look like dropping to you?

[09:21] {nemo} double top volume spike at 9:11, yes

[09:21] {nemo} wouldn't be the first time I'm wrong today though

[09:22] {Threei}  wow... day just started

[09:22] {Threei}  man of early achievements?:)

[09:22] {nemo} 41/2 hours old for me

[09:23] {nemo} A widely watched housing index shows home prices dropped in February, but for the first time in 16 months the decline was not a record.

[09:23] {nemo} The Standard & Poor's/Case-Shiller index of home prices in 20 major cities released Tuesday dropped by 18.6 percent from February 2008, slightly better than the 19 percent in January. The 10-city index slid 18.8 percent, compared to 19.4 percent the month before.

[09:23] {nemo} But the good news was mixed. All 20 cities in the report showed monthly and annual price declines, and half recorded annual records. Prices fell by more than 10 percent in 15 cities.

[09:23] {nemo} Prices in the 20-city index have plunged 30.7 percent from their peak in the summer of 2006, and the 10-city index has lost more than 31.6 percent.

[09:25] {Threei}  (US) REP FRANK (D): LEAKED STRESS TEST RESULTS ARE NOT HELPFUL FOR THE MARKET

[09:25] {Threei}  - Results of tests should be released in sync with defined remedies.

[09:25] {Threei}  - Reiterates that banks repaying TARP funds can only boost public confidence.

[09:25] {Threei}  - Hopes that all banks could be free of gov funds in one year time.

[09:25] {Threei}  - States that it is possible for up to 10% of overall TARP allowances to be paid back by end of 2009.

[09:26] {chinggis} gm

[09:26] {Threei}  chinggis :)

[09:28] {Threei}  DNDN presents data around 2 today

[09:30] {Threei}  watching BAC for fast selling under 8 to find long entrey

[09:30] {Threei}  8.10 break is possible for entry if holding 8, just more risky

[09:31] {Threei}  I would prefer selloff

[09:32] {nemo} in

[09:32] {dptl} in .10

[09:32] {ese} PRXL

[09:33] {Threei}  who went for break, 1:1 is here

[09:33] {nemo} out scalp

[09:33] {dptl} half out

[09:34] {Threei}  1:2 almost dp

[09:34] {Threei}  pigs get swine flu

[09:34] {nemo} hehehe...nice take

[09:34] {jfjf64} out .26   ty

[09:34] {Threei}  :)

[09:34] {magoo} ;ljdlsjd.jfjkdjfb

[09:34] {Threei}  oyklmsbskeouiy?

[09:35] {jfjf64} time to mk the  donuts    

[09:35] {magoo} jweoueej !!!

[09:35] {Threei}  :))

[09:36] {Threei}  let's try to catch FAS entry

[09:36] {dptl} ah..all out  so skalp after all ...ty

[09:36] {Threei}  pullback into .30-.35 zone

[09:36] {dptl} scalp

[09:36] {Threei}  stop under .25

[09:36] {magoo} which vad?no replay

[09:36] {Threei}  first strength from here

[09:37] {Threei}  .28 in

[09:37] {magoo} in 285

[09:37] {dptl} scrude up a bit .32

[09:37] {ese} drug companies 

[09:37] {Threei}  half out

[09:38] {dptl} out .40 ty

[09:38] {Threei}  CVM

[09:38] {Threei}  L.E.A.P.S. TECHNOLOGY SHOWS POTENTIAL TO TREAT SWINE INFLUENZA IN PRECLINICAL STUDIES

[09:38] {jfjf64} out  .37  ty

[09:38] {ese} bstop PRXL .06 

[09:40] {magoo} out .38 TY

[09:40] {nemo} ankle in a cast mags?

[09:40] {magoo} walking boot

[09:40] {Threei}  CVM trying

[09:40] {nemo} hairline?

[09:40] {magoo} ty for asking

[09:41] {dino} looks like vads' steel toed, spiked boot

[09:41] {magoo} oh no..dodged bullet, tib is completelely broke and apart

[09:41] {magoo} but it stayed close enough to avoid surgery

[09:41] {nemo} wow!!! lucky ain't the word for it

[09:41] {Threei}  no kidding

[09:41] {dino} cruise lines going green

[09:42] {Threei}  good to hear it's not the worst case scenario mags

[09:42] {nemo} uauau

[09:42] {nemo} uaua

[09:42] {magoo} especially because yours truly dumbass was walking on it for 7 days

[09:42] {magoo} could have displaced it

[09:42] {nemo} yeah, that could have really screwed things up

[09:42] {nemo} re-breaks are no fun

[09:44] {Threei}  BCRX

[09:44] {Threei}  STANDPOINT RESEARCH MAKING POSITIVE COMMENTS

[09:44] {dino} amed beats and drops

[09:44] {ese} prxl invalidated for me

[09:45] {magoo} was BIDU exciting after bell yesterday vad?

[09:45] {Threei}  no idea

[09:45] {nemo} beat earnings

[09:45] {nemo} and revenue

[09:45] {magoo} 20 points?

[09:45] {ese} missed vrtx.....had it on my screen,,,rats

[09:45] {Threei}  BAC

[09:45] {pita} pullback entry on banks, FAS?

[09:45] {Threei}  closer to 8.20 BAC

[09:46] {Threei}  watch for dive under .25 and buy first strength

[09:46] {jfjf64} stop

[09:46] {ese} am watching fas as well pita

[09:46] {Threei}  FMCN

[09:46] {pita} ty

[09:46] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[09:48] {Threei}  GOLDMAN SACHS INITIATES IPXL WITH NEUTRAL (TIMING UNCERTAIN)

[09:48] {magoo} l bac .26

[09:48] {dptl} inh .28

[09:49] {Threei}  US TREASURY HAS REPORTEDLY REACHED AN AGREEMNET WITH CREDITORS FOR CHRYSLER

[09:50] {dptl} stopped-.09

[09:50] {Threei}  why jump the gun...

[09:51] {nemo} youth and testosterone

[09:51] {Threei}  plan was to let it drop under .25

[09:51] {dptl} it did

[09:51] {Threei}  got .19 here

[09:51] {wulff} .23

[09:51] {Threei}  half out

[09:52] {Threei}  stop under .15... won't rail for now

[09:55] {Threei} Long Setup:  BIIB  ,80 break half lot

[09:56] {Threei}  stop under .60

[09:56] {dptl} in

[09:56] {nemo} in

[09:56] {Threei}  US CONGRESSMAN FRANK REPORTEDLY PLANS TO INTRODUCE REPEAL OF INTERNET GAMBLING LAW NEXT WEEK

[09:56] {magoo} ni

[09:56] {nemo} partial fill

[09:56] {Threei}  what was there

[09:56] {Threei}  CRYP I think

[09:56] {Threei}  something else

[09:57] {Threei}  this is in line with prior comments; Frank most recently said in March that he planned to introduce the legislation in an April timeframe{CRYP GIGM OPMR 888.UK PRTY.UK SBT.UK }

[09:57] {Threei}  GIGM

[09:59] {Threei}  BIIB 1:1

[09:59] {dptl} out some47

[10:00] {ese} l 

[10:00] {Threei}  *APR RICHMOND FED MANUFACTURING INDEX: -9 V -17E

[10:00] {magoo} out BIIB .11 TY vad

[10:00] {magoo} FL

[10:00] {magoo} he he

[10:00] {Threei}  APR CONSUMER CONFIDENCE: 39.2 V 29.7E

[10:00] {nemo} out ty

[10:00] {Threei}  welcome sir

[10:00] {Threei}  sirs

[10:00] {dptl} allout .15 ty

[10:00] {nemo} I looke over my shoulder, nobody there

[10:00] {ese} L FITB .58

[10:00] {Threei}  out BAC

[10:01] {nemo} Hey ese!

[10:01] {magoo} out BAC flat..my entry stunk

[10:02] {Threei}  argh

[10:03] {jfjf64} grrr

[10:03] {dptl} yeah...i scrude up with bac today a bit :)

[10:03] {Threei}  APR CONSUMER CONFIDENCE: 39.2 V 29.7E; HIGHEST READING SINCE NOV

[10:03] {Threei}  - Prior revised from 26.0 to 26.9

[10:03] {Threei}  - Confidence in tech annd consumer electronics sectors climbing "significantly"

[10:04] {ese} hey nemo!

[10:05] {Threei}  C

[10:05] {Threei}  CANNOT COMMENT ON STRESS TEST UNTIL RESULTS ARE ANNOUNCED

[10:05] {ese} out FITB .65 +.07

[10:05] {nemo} 20000 of the little buggers?

[10:05] {Threei}  rumor mill major till this stress bs is over

[10:05] {ese} you don't wanna know......it's a great day

[10:06] {ese} actually not quite.....15000

[10:06] {dino} wow!

[10:07] {nemo} slippin ese?

[10:07] {ese} be nice if you could do this all the time.....but alas poor eurick.....no

[10:08] {Threei}  GE

[10:08] {Threei}  UPDATE: PRICE TARGET RAISED TO $20 FROM $18 AT BOFA/MERRILL LYNCH, MAINTAINS NEUTRAL RATING

[10:08] {nemo} yeah, I didn't know him well

[10:08] {ese} me neither

[10:08] {nemo} why would I want to talk to a skull

[10:09] {Threei}  US REP FRANK(D): COMMITTEE WILL CONDUCT A HEARING ON AN OPTIONAL FEDERAL INSURANCE CHARTER

[10:09] {Threei}  {MET HIG PRU GNW }

[10:09] {ese} volume is slowing down on Fitb gents........not as easy to do what i was doing a few weeks back.......as vad says....watch out for the character of a stock

[10:09] {ese} this one is changing

[10:09] {nemo} short...

[10:09] {jfjf64} wfc    anythin  there bg guy

[10:10] {nemo} everything looks like it's pausing or topping right now

[10:10] {Threei}  WQFC formed C&H

[10:10] {Threei}  hate buying breaks on it

[10:10] {Threei}  but if market spikes... could be

[10:10] {ese} that 15k didn't get filled like it did before or sold like it did before.....sure sign something is changing

[10:11] {nemo} dribs and drabs?

[10:11] {dino} rcl to .55

[10:11] {jfjf64} k

[10:11] {ese} i guess so nemo.....

[10:11] {Threei}  RIMM

[10:11] {Threei}  this p;ullback looks buyable

[10:11] {Threei}  .55 long

[10:11] {Threei}  stop under .45

[10:12] {magoo} in

[10:12] {ese} good scalp for todqay though

[10:13] {Threei}  no go RIMM

[10:13] {magoo} yup\

[10:18] {wulff} where is that rising tide?

[10:18] {ese} L fitb .68

[10:18] {nemo} rip tide dude

[10:18] {wulff} optimist

[10:19] {nemo} who?

[10:19] {ese} out fitb .74

[10:19] {nemo} how many?

[10:19] {ese} +.06

[10:20] {ese} 5 lots

[10:20] {wulff} nads of steel

[10:20] {nemo} conservative...makes sense

[10:20] {ese} ya ...me thinks so

[10:21] {pita} wtg ese

[10:21] {dino} rcl to .65

[10:21] {ese} tks....bs luck on .74 though

[10:21] {ese} had the sell in early and it hit the high of that run

[10:22] {nemo} sometimes it's better to be lucky than good

[10:22] {magoo} every time

[10:22] {pita} high tick ...nice

[10:23] {dino} rcl to .80

[10:24] {dino} stopped out rcl .80, +.65

[10:26] {magoo} .

[10:26] {Threei}  anyone went for WFC break?

[10:27] {pita} nice dino

[10:27] {jfjf64} n

[10:27] {magoo} no

[10:28] {dino} ty pita

[10:28] {magoo} how'd BIDU do on report vad?

[10:28] {nemo} great mags

[10:28] {Threei}  didn't watch it

[10:28] {dino} watching txn, ssw, hsii, rcii

[10:28] {Threei}  let's see if we get nice pullback on WFC

[10:29] {pita} where you thinkin Vad?

[10:30] {Threei}  19.80 I would be very interested

[10:30] {Threei}  doesn't look likely

[10:30] {nemo} has a gap to close from yesterday, and I don't think their name has been leaked

[10:31] {magoo} DNDN vad

[10:31] {Threei}  shrug

[10:33] {ese} dino i almost went 1/2 lot at .20 rcii....at the botom there....didn't have the nerve

[10:33] {ese} are you in

[10:33] {Threei}  wtch FAS,

[10:33] {Threei}  buy WFC on FAS uptick

[10:34] {magoo} in .91

[10:34] {magoo} WFC

[10:36] {nemo} quote server Vad?

[10:36] {dino} not yet es

[10:36] {Threei}  11

[10:36] {Threei}  half out WFC

[10:36] {dino} feels like double bottom coming

[10:36] {Threei}  now need FAS new high for another WFC spike

[10:37] {ese} lokks like it.....question dino......if you had been onto rcii....would that bottom have been something you'd consider

[10:37] {dino} waiting at .00

[10:37] {Threei}  lol DNDN

[10:38] {ese} do ytou tend to to wait for .00 .50's etc on a tank like this

[10:39] {dino} yes

[10:39] {ese} gottcha

[10:40] {dino} they .25, .50.75.00 are like magnets imo

[10:40] {dino} ok giddy-up

[10:40] {ese} my prediction...if the qqqq's can get above 34.00...gonna be a big rally

[10:40] {Threei}  feel free to take WFC profit as you see fit

[10:41] {Threei}  I am out .08

[10:41] {dino} mr t's prediction...."pain"

[10:42] {ese} short squeeeeeeza

[10:43] {nemo} fitb ese

[10:43] {ese} yup lookin at it again

[10:44] {ese} don't know if i'm gonna have time to play it...tues and thurs i teach a class early

[10:44] {dino} 868-871 been big resistance s/p

[10:44] {ese} might not have time to monitor

[10:45] {ese} hmmm my chart is showing 875 resistance

[10:46] {pita} ?

[10:46] {ese} s/p pita

[10:46] {pita} ah ty

[10:47] {Threei}  mags?

[10:47] {ese} lots of stock bumping up against highs...waiting for indexes

[10:48] {dino} yes es, but 871 monthly high

[10:48] {ese} ahhhhh ok am looking at daily

[10:48] {dino} opps you're rtight 875 on 4/17

[10:49] {dino} good girl rcii

[10:50] {magoo} was waiting .23 vad

[10:50] {magoo} still in :(

[10:50] {Threei}  oversitting them... it's not a straight up day

[10:51] {magoo} yea..if mkt ever returns to powerup mode i gonna majke dough

[10:59] {Threei}  DNDN

[10:59] {Threei}  HEARING COWEN MAKING POSITIVE COMMENTS ON PROVENGE AHEAD OF DATA (TIMING UNCERTAIN)

[10:59] {Threei}  - Sees Data to show in excess of 4 months added survival.

[10:59] {Threei}  - note: earlier today CNBC guest David Miller commented that any data showing added survival of four or more months would be a "home run."{GSK}

[11:00] {dino} ssw double bottom?

[11:01] {dino} sm l .70

[11:01] {Threei}  can't tell really... I like them to be closer to each other

[11:01] {Threei}  but your entry is so close to support, why not

[11:03] {Threei}  CDC NOTES 64 CONFIRMED CASES OF SWINE FLU IN THE US

[11:03] {Threei}  - up from 40 at the last report

[11:03] {nemo} anybody die?

[11:04] {dino} es, you still in rcii?

[11:04] {Threei}  nobody in Mexico believes virus originated there

[11:05] {Threei}  they say American tourists breought it

[11:05] {Threei}  FBR CAPITAL MARKETS SPECULATING BAC WILL NEED CAPITAL UNDER THEIR OWN STRESS TESTS; REITERATES UNDERPERFORM RATING (TIMING UNCERTAIN)

[11:05] {dino} terrorists, started when yobama was there

[11:05] {dino} rcii ton .45

[11:05] {dino} to

[11:06] {dino} ssw stop is .48 

[11:06] {dino} amed, hmmmm

[11:06] {nemo} what size lot on rcii Dino?

[11:06] {dino} 400

[11:06] {dino} es is the big guy

[11:07] {dino} to .55

[11:08] {dino} mkt drop tighten to .59

[11:08] {dino} crazy thought amed has gap around 28.80

[11:09] {Threei}  .short cat .15

[11:09] {dino} to .75 rcii

[11:09] {Threei} Short Setup: CAT  .15

[11:09] {dptl} stop?

[11:10] {dino} to .85

[11:10] {nemo} .30?

[11:10] {Threei}  so far .25, but if sets up from here, could be even above .20

[11:10] {Threei}  a bit too tight probably

[11:10] {dino} out .95, +.95

[11:10] {dino} rcii

[11:10] {nemo} wtg dino

[11:11] {dino} ty, lucky one

[11:11] {nemo} what was your original stop?

[11:11] {dino} .32

[11:12] {dino} -.32=.68

[11:12] {nemo} Didn't you buy in @17.00

[11:12] {dino} most sm i go .32 on nemo

[11:12] {dino} 17 yes, - .32 = .68

[11:12] {nemo} got it DENSA

[11:13] {dino} on capits entries tough, .32=/- seems to work 65%+

[11:13] {dino} otherwise rinse city

[11:14] {dptl} in cat

[11:14] {dino} goal is 1:2, altho once over 1:1 tighten stop to 1:1

[11:14] {nemo} didn't get entry

[11:15] {jfjf64} in.15

[11:16] {nemo} wow, and I tried .14

[11:16] {dptl} .15

[11:18] {dino} ssw stopped -.22

[11:18] {Threei}  1:1 on CAT, noone covered?

[11:18] {fernp} missed entry

[11:19] {dptl} it was just couple trades at .05

[11:19] {dptl} i had bit for half still

[11:19] {dptl} .05

[11:20] {jfjf64} out .09  ty

[11:23] {dptl} ok half out now ty

[11:24] {Threei}  save and easy trade

[11:24] {Threei}  just as I like them

[11:24] {dptl} stop to .15

[11:25] {dino} ufcs

[11:26] {dino} thinny

[11:27] {nemo} dino, rcii turne into energizer bunny

[11:29] {dptl} above .10 now cat

[11:29] {dino} yeah, was too tight on it

[11:29] {Threei}  Prez on TV

[11:29] {dino} hsii thoughts 

[11:30] {Threei}  way too far from bottom...

[11:30] {Threei}  buying it here would practically be a breakout

[11:31] {Threei}  and breakouts are rarely working on these thinnies

[11:31] {nemo} I was going to say re short cat

[11:31] {dptl} more out .96 

[11:32] {dino} thinking 19 area

[11:32] {Threei}  DNDN

[11:32] {Threei}  PRECLINICAL DATA INDICATES TRPM8 AGONIST SHOWS ACTIVITY

[11:32] {Threei}  - Dendreon's orally bioavailable small molecule, which targets TRPM8 (a transmembrane cation channel protein), to treat benign prostatic hyperplasia (BPH). D-3263 demonstrated the ability to reduce BPH alone and in combination with finasteride, a current treatment for BPH.

[11:37] {Threei}  IVAN?

[11:37] {Threei}  what's with this dog with fleas

[11:38] {dino} onty

[11:39] {Threei}  yeah

[11:39] {Threei}  popped up on scanner

[11:39] {Threei}  no news that I see

[11:39] {nemo} .80 break on wfc?

[11:41] {Threei}  i doubt it

[11:41] {nemo} me too now

[11:44] {Threei}  WHO'S FUKUDA: ENTIRELY POSSIBLE THAT WORLD MAY SEE A "MILD PANDEMIC" FROM SWINE FLU

[11:44] {Threei}  what a meaningless statement

[11:44] {Threei}  and who's fukuda

[11:46] {Threei}  CAT baby

[11:46] {Threei}  out in full

[11:46] {Threei}  +.30

[11:47] {jfjf64} nice job     i got  out  too soon    what  chapter in  book  do i learn to stay  in  trade longer   lol

[11:48] {Threei}  it's a chapter Trading in the Coma

[11:48] {Threei}  subtitle: If you thought you had to be awake in order to trade - you were WRONG!

[11:48] {dino} think it's more of a song, "should i stay or should i go"

[11:49] {dino} whack-a-mole fslr

[11:50] {dino} cdc warns limit large gatherings

[11:50] {Threei}  good

[11:50] {Threei}  telling my wife and son to get out of the house

[11:53] {Threei}  wow, CAT had more in it

[11:56] {wulff} dead CAT bounce

[11:56] {wulff} ?

[11:56] {Threei}  another pullback and forming double bottom would be nice

[11:57] {Threei}  I doubt it will try to the low again

[11:57] {Threei}  so dive under .70, I would watch for first strength

[12:01] {Threei}  no chance for entry

[12:01] {Threei}  oh well

[12:03] {Threei}  US SENATOR ARLEN SPECTER REPORTEDLY TO SEEK REELECTION AS DEMOCRAT

[12:03] {Threei}  - Reelection could potentially bring seat # for Democrats to 60

[12:06] {dino} nothing like betraying his supporters

[12:07] {nemo} lust for power

[12:07] {dino} politics= poly=many, tics=bloodsucker

[12:08] {nemo} Niiiiiceeeee

[12:08] {nemo} of course, that's not nice to say about ticks

[12:08] {jfjf64} you hit it on the money  dino

[12:08] {dino} lol

[12:12] {wulff} thoughts on PM rally?

[12:14] {nemo} Precious Metals or afternoon canus lupus

[12:14] {nemo} canis?

[12:16] {Threei}  don't know... seems likely

[12:17] {wulff} So how is the weather up there?

[12:17] {Threei}  very nice

[12:17] {wulff} here too, deep south

[12:17] {nemo} where wolf?

[12:17] {nemo} there castle

[12:17] {wulff} ATL

[12:18] {nemo} used to live in SC

[12:18] {wulff} Lived there once

[12:18] {wulff} Beaufort

[12:19] {dino} nice

[12:20] {dino} not bad here either except for spector turning on us

[12:20] {nemo} Yep, had a friend in Beaufort...stopped sending checks...so he never calls

[12:20] {wulff} wasn't me

[12:23] {jfjf64} axp on another mission

[12:25] {Threei}  V too

[12:26] {Threei}  filibuster-proof majority for dems

[12:26] {Threei}  just what we need

[12:27] {nemo} Aye comrade...

[12:27] {dino} tax, spend, regulate

[12:31] {dino} txn l .25

[12:45] {ese} am back hows itgoin

[12:45] {dino} wmgi sm l .75

[12:48] {pita} later all

[12:49] {ese} se ya pita

[12:49] {Threei}  take care pita

[12:53] {dino} ssw lod

[12:55] {dino} lcav

[13:00] {dino} ssw sm l .15

[13:06] {ese} might not be today but that s/p is gonna break the 875 resistance

[13:09] {Threei}  feels like yes

[13:09] {Threei}  market sets up another trap for bears

[13:12] {ese} thas the feeling i''m getting too

[13:12] {nemo} look who's here

[13:12] {nemo} thought you had to teach?

[13:12] {ese} when it sells down it's not selling down hard

[13:13] {ese} yep am back.....band class 8:30 to 9:30 my time

[13:13] {ese} 11:30 to 12:30 market time

[13:14] {dino} gmcr

[13:22] {jfjf64} zzzzzzzz

[13:25] {jfjf64} any body there   

[13:25] {Threei}  DNDN sharp selling

[13:25] {jfjf64} k

[13:26] {Threei}  something leaks from presentation or what

[13:26] {dino} dndn

[13:26] {Threei}  wow!

[13:26] {ese} outta here see ya tomorrow

[13:26] {nemo} omg

[13:26] {larisa} wow

[13:26] {magoo} WOW

[13:26] {dino} -10

[13:26] {nemo} couln't short it anyway

[13:26] {jfjf64} sharp sharp

[13:26] {Threei}  why?

[13:26] {nemo} -14

[13:26] {Threei}  shortable

[13:26] {Threei}  mama

[13:26] {nemo} oh, last week you tried

[13:26] {nemo} mia

[13:27] {Threei}  SHARES FALL SHARPLY LOWER AHEAD OF DATA

[13:27] {Threei}  halt

[13:27] {dino} halt

[13:27] {Threei}  remember how I called DNDN?

[13:28] {nemo} refresh please

[13:28] {Threei}  widowmaker

[13:30] {Threei}  - Provenge data expected to be released from embargo at 2pmET

[13:30] {magoo} can u imagine if long 1k at 24?

[13:30] {Threei}  no

[13:30] {Threei}  I have vivid imagination

[13:30] {Threei}  but that's beyond my capabilities

[13:31] {Threei}  from 24 something to 8 within one minute... how about that

[13:31] {larisa} can i imagine i am short at 25 ? :) please!

[13:31] {Threei}  that would be nice

[13:32] {Threei}  I contemplated short dow to 22

[13:32] {Threei}  than just took my hand off the mouse, to be safe

[13:32] {larisa} lol

[13:32] {nemo} wfc showing a little life

[13:36] {magoo} go over to yhoo board and people are talking they are DEAD

[13:36] {vinod} DNDN buy at 3 and sell around 20 every 4 month

[13:37] {dino} lol

[13:37] {Threei}  I have no doubt mags... always same story

[13:38] {vinod} sorry i look at wrong chart?

[13:47] {dino} wmgi to .99

[13:50] {larisa} 4 mil shares dumped in 2 min. must be ese :)

[13:50] {nemo} too funny

[13:51] {Threei}  STEVE WYNN: INTERESTED IN MGM'S BELLAGIO AND OTHER CASINOS IN LAS VEGAS

[13:51] {Threei}  {WYNN LVS}

[13:51] {dino} out wngi .01, +.26

[13:52] {Threei}  US CALIFORNIA GOV DECLARES STATE OF EMERGENCY OVER SWINE FLU

[13:52] {nemo} frickin' girlie man

[13:52] {Threei}  lol

[13:54] {dino} what will this mean to ccl, rcl

[13:56] {Threei}  they don't react

[13:56] {dino} strange

[13:57] {Threei}  you'd think it's devastating turn of events

[14:00] {Threei}  dndn

[14:00] {Threei}  RELEASES DATA ON PROVENGE: SURUVIAOL 4.1 MONTHS

[14:00] {Threei}  REDUCES RISKS OF DEATH VS PLACEBO

[14:01] {Threei}  hmmm

[14:01] {Threei}  now it will open at 35?

[14:01] {Threei}  that would be ultimate killer

[14:01] {larisa} then i do not want to be short at 25 :)

[14:01] {nemo} Don't think so.  I read yesterday where 4 months had been reported

[14:02] {Threei}  kill those who were long when they panicked

[14:02] {dino} in 4 months

[14:02] {Threei}  then those who shorted and didn't cover before halt

[14:02] {Threei}  longs that bailed are crying

[14:02] {Threei}  shorts are crying

[14:03] {Threei}  only those longs who slept through whole thing are happy

[14:03] {Threei}  see... told you, trading must be done in yor sleep

[14:03] {dptl} lol

[14:03] {nemo} what was that about sitting on your hands and doing nothing?

[14:04] {Threei}  - Extends 3 year survival 38% vs placebo

[14:04] {Threei}  - PROVENGE extended median survival by 4.1 months compared to placebo (25.8 months versus 21.7 months);

[14:04] {Threei}  - PROVENGE improved 3-year survival by 38% compared to placebo (31.7% versus 23.0%);

[14:04] {Threei}  - The IMPACT study achieved a p-value of 0.032, successfully exceeding the pre-specified level of statistical significance defined by the study''s design (p-value less than 0.043), and PROVENGE reduced the risk of death by 22.5% compared to placebo (HR=0.775);

[14:05] {Threei}  - PROVENGE exhibited a favorable safety profile consistent with prior trials.

[14:05] {Threei}  - CNBC notes an official mentioned that shares likely to be halted until end of conference call which starts at 5:30pmET

[14:05] {Threei}  no opening today then

[14:05] {Threei}  too bad

[14:05] {Threei}  I wanted show to go on

[14:10] {larisa} typed another stock into DNDN L2 and forgot i did, see it blinking at 101. Heart skipped a bit for a sec :)

[14:10] {Threei}  lol

[14:11] {Threei}  oh btw

[14:12] {Threei}  DNDN has more ways to kill traders

[14:12] {Threei}  imagine someone shorting 24

[14:12] {Threei}  happily covering 10

[14:12] {Threei}  going out to buy nice signle malt

[14:13] {Threei}  returning to see that cover is broken by NASDAQ, while short stands,

[14:13] {Threei}  and stock opening after halt at 35 :)

[14:14] {larisa} can we all get along ? dis is sad 

[14:14] {Threei}  not really

[14:14] {Threei}  nature is unkind

[14:14] {nemo} utopians

[14:16] {Threei}  so... DNDN has a lot of ways to make a lot of people unhappy

[14:17] {Threei}  that;'s why I am staying away from these superhot things on a day of coming news

[14:17] {Threei}  This planet has a problem, which was this: most of the people on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movements of small green pieces of paper, which is odd because on the whole it wasn't the small green pieces of paper that were unhappy.

[14:17] {Threei}  And so the problem remained; lots of the people were mean, and most of them were miserable

[14:18] {Threei}  Many were increasingly of the opinion that they'd all made a big mistake in coming down from the trees in the first place. And some said that even the trees had been a bad move, and that no one should ever have left the oceans.

[14:18] {vinod} no guts no glory

[14:18] {nemo} Oh yeah, like that's a haven of peace and tranquility

[14:21] {nemo} rimm creeping...too late

[14:22] {Threei}  larisa, next setence is a stern warning for you:

[14:22] {Threei}  And then...one man had been nailed to a tree for saying how great it would be to be nice to people for a change

[14:24] {larisa} lol

[14:28] {Threei}  WHITE HOUSE: TOO EARLY TO JUDGE WHETHER BANKRUPTCY IS APPROPRIATE FOR CHRYSLER

[14:28] {Threei}  {GM F F.IT}

[14:29] {dino} i know lets give them another 5 billion

[14:35] {Threei}  there you go

[14:35] {Threei}  DNDN

[14:35] {Threei}  NASDAQ NOTES IT WILL INVESTIGATE TRADES BETWEEN 1.25-1.37PMET TODAY AS THERE MAY BE AN 'ERROR'

[14:35] {Threei}  told ya

[14:35] {jfjf64} hmm

[14:36] {fernp} that scares

[14:39] {nemo} frickin' stealth rally

[14:42] {magoo} worste type nemisis

[14:43] {nemo} saw RIMM just as it popped, didn't think it would go that far

[14:43] {Threei}  64 cases in USA

[14:44] {nemo} so 64 out of 300 million...we're porked

[14:44] {Threei}  (CH) CHINESE COMMERCE MIN: USD WILL REMAIN THE MAIN CURRENCY OF WORLD TRADE, DESPITE ITS "DEFICIENCIES"

[14:44] {Threei}  heh

[14:44] {nemo} somebody else said that recently

[14:45] {jfjf64} wfc   pullback??

[14:45] {nemo} I was just going to say, Cat looked shortable

[14:46] {Threei}  seems a few more ticks down before it bottoms out

[14:46] {nemo} wfc or cat

[14:46] {Threei}  WFC

[14:46] {magoo} make the call boss

[14:48] {Threei}  finger on a trigger

[14:48] {Threei}  in

[14:48] {Threei}  .77

[14:48] {dptl} stop?.75?

[14:49] {Threei}  if going for pure quick scalp, yes

[14:49] {nemo} dam missed

[14:49] {dptl} not in yet

[14:50] {magoo} yea..i missed and truly we had all day

[14:50] {magoo} nice call vad

[14:55] {nemo} no volume today

[14:55] {Threei}  no

[14:56] {Threei}  sold at .87 btw

[14:56] {nemo} the sith strike again

06[14:56] * magoo slaps Threei around a bit with a large trout

[14:56] {jfjf64} .84  ty

06[14:56] * nemo slaps Threei around a bit with a large /moderate roll of cash

[14:57] {Threei}  why do you slap me? slap jf

[14:57] {nemo} oh yeah

[14:57] {jfjf64} lol

[14:57] {nemo} no..you got out @.87

06[14:57] * nemo slaps Threei around a bit with a large roll of cash

[14:57] {Threei}  what is it, pick on Threei day?

[14:58] {magoo} bulls coming last hour vad??

[14:58] {nemo} Yeah, it's Tuesday...ends in y

[14:58] {Threei}  either that or swines, mags

[14:58] {jfjf64} gm on

[14:58] {nemo} good one

[14:58] {Threei}  WSJ: REORGANIZATION OF CHRYSLER MAY INVOLVE MOVING CHRYSLER FINANCIAL TO GMAC

[14:59] {nemo} inverted C&H on FAS?

[15:04] {dptl} cat ? .15 short?

[15:05] {Threei}  nah

[15:07] {nemo} laserdave is here and Mags hasn't smacked him...

06[15:07] * magoo slaps larisa around a bit with a large trout

[15:07] {larisa} you have 1 sec to take it back

[15:07] {magoo} oops..missed

[15:07] {dptl} heh...Magoo missed :)

[15:08] {nemo} let's see if the lioness bares her fangs

[15:08] {Threei}  DNDN

[15:08] {Threei}  LAZARD MAKING POSITIVE COMMENTS; MAINTAINS BUY RATING, PRICE TARGET $25 (TIMING UNCERTAIN)

[15:08] {Threei}  - Firm discloses: We believe that DNDN's Provenge will achieve regulatory & commercial success. We think Provenge can achieve }$2B in peak sales now that the survival delta is 4+ months (ie similar to previous trials). With two survival studies, solid safety, a (+) FDA panel, & a SPA, we would look to buy DNDN.

[15:09] {Threei}  NASDAQ NOTES THE TRADES FROM 1.25-1.37PMET WILL BE ALLOWED TO STAND

[15:09] {dino} ccl sm s .90

[15:09] {nemo} somebody just went drinking...others...jumped

[15:11] {dino} yeah, magoo is on the ledge

[15:11] {nemo} well, as long as he lands on his head the only thing damaged will be the street

[15:13] {Threei}  he better - his ankle won't handle another shock

[15:13] {magoo} good bye cruel trading room

[15:13] {larisa} lol

[15:13] {Threei}  rofl

[15:13] {dptl} lol

[15:14] {Threei}  as if you'd survive in any other

[15:14] {jfjf64} wfc ???

[15:15] {Threei}  gosh... dropped whole 8 cents, why scream

[15:15] {Threei}  you scared me... I need an hour of sleep now

[15:15] {Threei}  to deal with PTSD

[15:16] {jfjf64} ptsd

[15:17] {larisa} jf thinks it is a stock :)

[15:18] {dptl} lol me too...

[15:18] {Threei}  sigh

[15:18] {larisa} lol

[15:18] {dptl} what is it?

[15:18] {larisa} Posttraumatic Stress Disorder 

[15:18] {dptl} roflol

[15:19] {nemo} oh, and I was thinking it was an std

[15:19] {dptl} you got me there..lol

[15:19] {magoo} prostrate distress disorder??

[15:19] {nemo} just wear your Depends Mags...no worries

[15:19] {dino} nasty

[15:20] {nemo} what, the ccl short?

[15:20] {Threei}  FAS

[15:20] {dino} ssw stopped -.21

[15:21] {Threei}  too fast... couldn't type in time

[15:21] {Threei}  .60 is solid support, see if it goes closer to it again

[15:24] {Threei}  Prez on TV

[15:24] {Threei}  missed him?

[15:24] {nemo} now

[15:25] {Threei}  watching FAS

[15:25] {Threei}  argh

[15:25] {Threei}  missed

[15:25] {nemo} market dropping

[15:25] {Threei}  wanted .61 for a quick pop

[15:25] {Threei}  wasn't willing to chase even 1 cent

[15:26] {dptl} oh got .63

[15:26] {dptl} .59 stop

[15:28] {Threei}  works... I just was way too anal-retentive

[15:28] {Threei}  happens to me when the day is generally narrow and I want to preserve every bit of profit

[15:29] {dptl} still in

[15:29] {Threei}  why?

[15:30] {Threei}  end of day selling is just for quick scalps

[15:30] {dptl} ah stopped ...offerd ..68 didn;t get it then .67 didn' get it either

[15:32] {dptl} -.05

[15:37] {jfjf64} me again   wfc?

[15:37] {Threei}  I'd like it to retest .50

[15:38] {jfjf64} me too lol

[15:40] {dino} hate to say it but.....dieeeeeeeeeeeeeeeee ccl

[15:40] {Threei}  got it jf?

[15:41] {jfjf64} y

[15:41] {jfjf64} \.49

[15:41] {Threei}  stop .44

[15:41] {Threei}  and if moves, don't oversit it

[15:41] {Threei}  the closer to eod the more nerves

[15:42] {jfjf64} bounce

[15:43] {Threei}  nice jump for you

[15:43] {Threei}  exited?

[15:43] {jfjf64} 0ut.53

[15:43] {jfjf64} ty

[15:44] {Threei}  a bit too stingy... but hey

[15:44] {Threei}  profit is profit

[15:44] {Threei}  .56 was obtainable

[15:44] {nemo} twice is twice

[15:44] {Threei}  FAS...

[15:44] {Threei}  to go one lst time or let it live

[15:44] {Threei}  lol

[15:45] {Threei}  while I was thinking, fingers did it

[15:45] {Threei}  .42 - .46, 2K

[15:45] {Threei}  got partial

[15:45] {Threei}  barely managed to cancel the rest, not to get filled on the way back

[15:45] {nemo} partial on the sell too? :)

[15:45] {Threei}  no, sell in full

[15:49] {Threei}  hectic

[15:50] {Threei}  people are buying NVAX and BCRX for gap

[15:50] {Threei}  assuming that swine flu news bombradment will continue overnight

[15:51] {dptl} have a good evening all

[15:52] {fernp} good evening dp

[15:52] {jfjf64} enjoy

[15:52] {Threei}  take care dp

[15:54] {dino} ccl bstop to .60

[15:54] {dino} stopped/covered +.30

[15:54] {nemo} dino had a good day

[15:55] {dino} lucky 

[15:55] {nemo} you're lucky quite often

[15:56] {dino} hmmmm

[15:56] {nemo} "lucky"

[15:56] {fernp} See u tomorrow. good evening

[15:56] {dino} cya fernp

[15:56] {Threei}  thank you all

[15:56] {Threei}  not very exciting but solid day

[15:56] {larisa} later :)

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

[15:57] {nemo} gnite

[15:57] {jfjf64} good day ty

[15:58] {dino} take care all

[15:58] {Threei}  NVAX finishes at high

[15:59] {Threei}  CCL

[15:59] {Threei}  UPDATE: CANCELS THREE STOPS AT MEXICAN PORTS DUE TO SWINE FLU OUTBREAK

[15:59] {Threei}  - the affected ships will remain at sea instead of making port{USD/MXN}

Apr 27 2009

Somewhat empty day. Slightly positive but nothing to write home about. Whole swine flu thing took the market off track.

Session Time: Mon Apr 27 00:00:00 2009

[07:56] {nemo} Gawd...this window header stuff has taken on a life of it's own!

[08:02] {fernp} Good morning

[08:03] {nemo} :)

[08:03] {fernp} Bin Laden May Be Dead According to Pakistan's Intelligence http://www.bloomberg.com/apps/news?pid=20601087&sid=aFTKaoi4lFNg

[08:04] {nemo} They roll that headline out every year

[08:17] {pita} greetings

[08:27] {dptl} good morning all

[08:28] {nemo} gm

[08:41] {Threei}  Good morning

[08:41] {larisa} morning :)

[08:41] {dptl} good morning

[08:41] {fernp} gm

[08:42] {Threei}  latisa, dp, fern :)

[08:47] {KSystems} morning :)

[08:48] {ese} morning

[08:50] {Threei}  ks, ese :)

[08:51] {Threei}  ese look dcc please

[08:55] {jfjf64} gd mornin all

[08:55] {Threei}  jf :)

[09:04] {cosmo} NVAX trading at a feverous pace

[09:05] {Threei}  swine flu play

[09:05] {cosmo} 3.10 to 3.95 range

[09:05] {Threei}  GNBT is another

[09:06] {cosmo} BCRX

[09:07] {cosmo} PURE

[09:08] {cosmo} QDEL: # Quidel falls to 1Q loss on weak flu seasonAP(Thu, Apr 23)

[09:09] {cosmo} good time to start a tea tree farm maybe

[09:20] {i2romantis} morning all

[09:21] {cosmo} CRXL

[09:22] {Threei}  i2r :)

[09:22] {nemo} Can we trust quotes Vad?

[09:24] {magoo} morn

[09:24] {Threei}  doesn't look like it

[09:24] {Threei}  INET is stuck

[09:24] {nemo} so sit it out until resolved?

[09:24] {Threei}  look at T&S and compare to level 2

[09:24] {Threei}  usually T&S is accurate

[09:24] {Threei}  if you swicth server, you will see corrected level 2

[09:25] {dino} gm all

[09:25] {Threei}  dino :)

[09:25] {nemo} what servers to use vad?

[09:28] {Threei}  they all screwed up

[09:28] {Threei}  hmm

[09:28] {Threei}  seems better

[09:28] {nemo} Well..how's the weather?

[09:29] {Threei}  I am on 7th

[09:29] {nemo} quote or chart?

[09:29] {Threei}  no, still delayed

[09:31] {Threei}  NVAX looks determined

[09:32] {magoo} gild drops a point

[09:33] {vint} good morning all

[09:33] {Threei}  vint :)

[09:34] {nemo} fas closing the gap

[09:35] {Threei}  watching FAZ for pullback and double bottom

[09:35] {Threei}  8.55 support

[09:35] {Threei}  would like to get it as close to it as possible

[09:36] {Threei}  around .60 if shows strength

[09:36] {Threei}  if not going there, then .70 break

[09:36] {dptl} in.68

[09:37] {Threei}  stop under .60 for scalp or under .55 for bigger trade

[09:38] {dptl} half out .78

[09:40] {dptl} all out ty

[09:40] {dptl} faz

[09:42] {Threei}  let's try to find GILD entry

[09:42] {Threei}  half lot only, stock is too volatile

[09:43] {Threei}  great... jumped as I was ttypoing .10 break, lol

[09:43] {jfjf64} crazy

[09:43] {nemo} where auto correct in Laser?

[09:44] {Threei}  right click on level 2

[09:44] {Threei}  tab Level II

[09:45] {Threei}  section Auto Correction

[09:45] {nemo} ty

[09:45] {Threei}  check upper box, keep 0

[09:45] {magoo} in gild btw .40

[09:46] {Threei}  I'

[09:46] {magoo} out .71 TY vad

[09:46] {Threei}  d be taking prifit near .70

[09:46] {Threei}  good exit

[09:46] {Threei}  ENER

[09:46] {Threei}  HEARING RENEWED TAKEOVER CHATTER

[09:46] {magoo} FL too lol

[09:48] {Threei}  BCRX pullback is geting interesting

[09:48] {Threei}  fast seling under 4 is what I want to see

[09:49] {Threei}  FAZ again

[09:49] {Threei}  .60 break if holsding .55

[09:49] {Threei}  keep stop religiously, if it loses .55 will dive fast

[09:51] {dptl} in .61

[09:51] {nemo} in

[09:52] {Threei}  stopped

[09:52] {dptl} stopped

[09:52] {nemo} yeah the nas and spy were strengthening

[09:53] {jfjf64} stopped

[09:53] {magoo} FITB str up

[09:54] {ese} yup been watchin it....interesting

[09:54] {ese} it had pretty good numbers last week

[09:54] {magoo} financials strong

[10:02] {magoo} .

[10:04] {i2romantis} lol, my morning is done. as freaky as it can be, holding overnight or weekend can be fun :)

[10:04] {nemo} it can suck too

[10:04] {nemo} glad you got the bull and not the horn

[10:05] {i2romantis} :)

[10:05] {i2romantis} see you guys tomorrow

[10:05] {Threei}  take care i2r

[10:05] {fernp} bye

[10:05] {magoo} sigh

[10:07] {magoo} DNDN vad

[10:07] {magoo} nutsaroolla

[10:09] {Threei}  US CDC MAY REPORTEDLY BE ISSUING TRAVEL RECOMMENDATIONS REGARDING SWINE FLU LATER TODAY

[10:09] {Threei}  {NVAX BCRX GILD ROG.SZ GSK.UK}

[10:10] {Threei}  DNDN no news

[10:10] {magoo} beyond volatile

[10:11] {magoo} futes weak

[10:11] {vinod} just a test

[10:11] {vinod} working

[10:12] {vinod} good morning

[10:13] {Threei}  vinod :)

[10:13] {Threei}  WSJ: LARGE COMMERCIAL JET SEEN FLYING LOW OVER HUDSON RIVER BEING ACCOMPANIED BY MILITARY JET

[10:13] {Threei}  what's going on today

[10:14] {ese} did anyone esle get cut off or was that just me

[10:15] {nemo} I stoved your ip address

[10:15] {Threei}  there was server hiccup

[10:15] {nemo} not :)

[10:15] {ese} tks nemo.......

[10:15] {wulff} WFC long here

[10:15] {wulff} me 

[10:16] {nemo} still dating wfc huh wulff :)

[10:16] {wulff} see'um as I see'um

[10:17] {nemo} great one on Friday if I remember...scooped it right off the floor

[10:17] {wulff} yes

[10:18] {jfjf64} keep gettin knocked off server   anyone else

[10:18] {nemo} no

[10:18] {patience} me too

[10:18] {vinod} me too

[10:21] {magoo} vad..we in anything

[10:21] {Threei}  no

[10:22] {nemo} so NO ENTRY! has multiple applications

[10:22] {magoo} vad, no what?

[10:22] {pita} FITB consolidating...

[10:23] {wulff} seems to be some financial funny business today

[10:25] {ese} straight out of Vads book Pita.......

[10:25] {ese} same thing with HBAN

[10:26] {pita} aye

[10:30] {ese} aye laddie

[10:30] {dino} out blud .25, +1.00 holdover from fri

[10:30] {dino} sm l ctcm .25

06[10:30] * magoo slaps dino around a bit with a large trout

[10:30] {ese} is it an entry ye be wan'en

[10:31] {magoo} holds dont count lol

[10:31] {nemo} shouldn't that be a large roll of cash mags?

[10:31] {dino} lol

[10:31] {pita} aye it is

[10:31] {pita} is = tis

[10:31] {magoo} what..u a pirate now lol

[10:31] {nemo} irish

[10:31] {pita} bored

[10:32] {nemo} what nationality is that?

[10:32] {ese} combination scotish/ irish

[10:32] {pita} mutt

[10:32] {nemo} I'm from the pound too

[10:33] {dino} rcl beat up on swine

[10:34] {dino} ccl too

[10:34] {pita} FITB'd gonna break - more likely down?

[10:34] {nemo} what about dis?

[10:35] {magoo} new movie release...the baconator

[10:35] {dino} dis or dat?

[10:35] {ese} or dez or doz or dem

[10:36] {nemo} der die das die dem der den des

[10:36] {nemo} huh K!

[10:36] {dino} rcl gap around 11.75

[10:39] {Threei}  WFC

[10:39] {Threei}  REPORTEDLY TO RE-MARKET $2.84B IN DEBENTURES ORIGINALLY DUE 2033

[10:39] {Threei}  - Re-market not seen producing any net-profits

[10:39] {wulff} good boy WFC

[10:40] {ese} now theres one i haven't heard before...remarket debentures.....how does that work

[10:40] {Threei}  no idea

[10:41] {dino} lipstick helps

[10:42] {ese} when i took that useless Canadian Securities course we studied debentures but not that concept

[10:44] {Threei}  nice spike WFC

[10:44] {ese} right along with qqqq

[10:48] {dino} ilmn sm l .00

[10:54] {dino} out ctcm .10, +.85

[10:58] {jfjf64} keep getting kickerd off     we in anythin 

[10:58] {Threei}  no

[10:58] {jfjf64} ty

[10:59] {Threei}  F is trying Fri high

[11:00] {nemo} still awake vad

[11:01] {Threei}  pace is so strange whole morning, can't get a feel for what's happening

[11:02] {nemo} advancers are only 31% 56% for decliners

[11:02] {dino} just said same thing to magoo

[11:03] {dino} lackluster

[11:03] {nemo} I'm getting coffee, see if that helps

[11:04] {magoo} i went emergency room friday nite..yup, ankle broke

[11:04] {magoo} so i have to leave today @ 12:30 for ortho apptm

[11:04] {magoo} been walking on it for 7 days lol

[11:05] {pita} ouch

[11:05] {pita} ankle is complicated joint

[11:05] {magoo} tell me about it 

[11:06] {pita} yeah, sorry

[11:08] {nemo} didn't work

[11:11] {Threei}  RMBS

[11:12] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[11:12] {Threei}  - Samsung rumored as potential acquirer north of $15/shr

[11:19] {jfjf64} vad  recieved course mail today   ty

[11:19] {Threei}  great

[11:20] {jfjf64} ill call ya  next sat at  9am eastern   see how  ya doin    lol

[11:20] {Threei}  death wish?

[11:21] {Threei}  watching WFC for bounce scalp

[11:21] {Threei}  quick sellogg into .60 would be interesting

[11:25] {vinod} market is dead

[11:25] {Threei}  very much so

[11:26] {Threei}  and morning move was so reserved, couldn't really find any worthy plays

[11:27] {nemo} just slowly diminishing reversals

[11:29] {vinod} The market rewards patience traders

[11:29] {Threei}  watching GILD for possible .50 - .60 range, then break

[11:30] {Threei}  one more such move down then up, and I will be interested

[11:30] {Threei}  here is down

[11:30] {Threei}  if holding .50 and breaks .60, long

[11:30] {nemo} invalumadated

[11:31] {Threei}  yeah

[11:32] {vinod} well time for liquid lunch is coming

[11:32] {jfjf64} ya

[11:32] {nemo} where you going vinod?

[11:33] {vinod} at fire and ice

[11:33] {jfjf64} wfc

[11:33] {nemo} Not familiar with that place...Frankly I stay out of the city

[11:33] {vinod} on berkely street

[11:34] {nemo} o.k.

[11:34] {Threei} Long Setup:  GILD  .45 break

[11:34] {Threei}  stop under .40

[11:34] {Threei}  just a scalp most likely

[11:35] {magoo} in

[11:35] {vinod} in

[11:35] {vinod} stop at 0.38

[11:36] {Threei}  1:1, lol

[11:36] {Threei}  and over

[11:36] {vinod} move stop to 0.45

[11:36] {Threei}  WFC is getting there

[11:37] {vinod} now 0.50

[11:37] {vinod} done

[11:38] {Threei}  why not just take profit when it's almost 1:2?

[11:38] {Threei}  it was intended as a scalp from the get go

[11:38] {nemo} don't feel bad vinod...been there done that

[11:38] {vinod} hope--i had a hope it may go to more

[11:38] {Threei}  it's a hi-bye-niceknowingyou kind of play

[11:38] {nemo} hopehopehopehopehopehopehopehopehopehopehopehope

[11:39] {nemo} no hope

[11:39] {nemo} evil word

[11:39] {nemo} damn caffeine

[11:39] {Threei}  one thing I'd do differently if tried to maximize it vinod:

[11:39] {Threei}  moving stop to breakeven after 1:1 is reached makes sense,

[11:40] {vinod} thanks vad

[11:40] {magoo} i still in

[11:40] {Threei}  but next trail was a bit too overtightened

[11:40] {Threei}  if you really want to go for a run while avoiding loss, keep the stop at breakeven,

[11:40] {nemo} Why am I not surprised mags is still in

[11:40] {Threei}  don't give it chance to shake you out so easily

[11:41] {Threei}  look at it this way:

[11:41] {dptl} i did that first half .55 and than .49 gild ty

[11:41] {Threei}  if you were willing to sacrifice 10 cents profit for the chance of bigger run and at the risk of profit evaporating,

[11:41] {magoo} just thought it hasd more

[11:41] {Threei}  what sense does it make to lock in 4 cents profit by moving stop to .50?

[11:41] {Threei}  see my point?

[11:42] {Threei}  accept breakeven as worst case scenario and give it breathing room

[11:42] {jfjf64} wfc

[11:42] {Threei}  but .50 is almost guaranteed shakeout

[11:43] {vinod} o.k i got it should have at breakeven pot

[11:43] {magoo} out .66 TY

[11:43] {magoo} +.21

[11:43] {Threei}  yeah, there is a contradiction between refusing to take 10 cents for the chance of bigger run, yet tightening stop to 4 cents :)

[11:43] {Threei}  welcome mags

[11:46] {nemo} wfc wulff

[11:46] {dino} titn

[11:47] {nemo} jf

[11:47] {jfjf64} not yet

[11:47] {jfjf64} waitin for .60

[11:47] {nemo} nope

[11:48] {jfjf64} nope nope

[11:48] {dino} l .95

[11:48] {Threei}  .64-.65 was it... was a bit too fast there for confident entry

[11:48] {nemo} higher low inside the bollinger bands

[11:49] {wulff} still holding

[11:54] {Threei}  FTC CHAIR: INTERNET COMPANIES APPROACHING THEIR 'LAST CHANCE' TO SELF REGULATE

[11:54] {Threei}  huh?

[11:55] {nemo} taxes

[11:56] {Threei}  DNDN

[11:56] {Threei}  the thing is beyond risky

[11:56] {Threei}  but I swear it's preparing another stunning run

[11:56] {nemo} gild headed back to support

[11:57] {jfjf64} entry??

[11:58] {Threei}  22 break... half lot

[11:58] {Threei}  risky as hell

[11:58] {dptl} stop?

[11:59] {Threei}  if sets up from here, under .90

[11:59] {dptl} ok ty

[12:00] {magoo} ok..i gotta run, er um, hobble..to my ortho apptmt

[12:01] {Threei}  good luck mags

[12:01] {magoo} c u tomorrow

[12:01] {magoo} ty

[12:01] {nemo} good luck Mags

[12:03] {Threei}  come on DNDN... you know you want it

[12:03] {nemo} just think of how many are looking at that chart?

[12:03] {ese} ahhhhh  haaaaaa.......how dare you kick my butt..........trout ok but ....butt....well i never

[12:03] {nemo} ese!  wtf?

[12:04] {ese} the admin kicked me from the server....well i nver

[12:04] {nemo} oh

[12:05] {Threei}  sure... you used incorrect username, lol

[12:05] {jfjf64} still valid

06[12:05] * nemo slaps ese around a bit with a large copy of UNIX for dummies

[12:05] {Threei}  with half, lot... to me, yes

[12:06] {Threei}  just no market orders

[12:06] {ese} tks i needed that

[12:06] {Threei}  that will get you in at the price you would rather sell, lol

[12:07] {dptl} in .85 stop

[12:10] {Threei}  too long pause after such a break

[12:11] {dptl} stopped -.18

[12:15] {pita} gotta go guys, cu later

[12:15] {Threei}  take care pita

[12:15] {ese} see ya pita

[12:23] {nemo} that's a dramamine stock

[12:23] {Threei}  shakeout...

[12:23] {Threei}  oh well

[12:25] {Threei}  sigh

[12:27] {dptl} usb?

[12:28] {Threei}  don't see anything there

[12:29] {Threei}  FDIC'S BAIR: WE HAVE MOVED BEYOND THE LIQUIDITY CRISIS SEEN LAST YEAR

[12:30] {dptl} hmm .15 .25 wasn't that consolidation? 

[12:31] {Threei}  I don't see it giving anything worthy

[12:33] {Threei}  (MX) MEXICAN HEALTH MIN: DEATH TOLL FROM SWINE FLU IS UP TO 149 PEOPLE

[12:34] {jfjf64} wfc sellin

[12:34] {dino} titn to flat mkt drop

[12:35] {dino} forr

[12:37] {Threei}  GILD interestingly strenghtening

[12:42] {chinggis} FAZ going for 9?

[12:47] {dino} ilmn stopped -.32

[12:49] {jfjf64} nice to get losses out of way      

[12:49] {Threei}  can't tell really on FAZ

[12:49] {Threei}  things just slow

[12:50] {chinggis} ok ty

[12:53] {Threei}  (MX) WITNESSES SAY BUILDINGS SHAKE FROM POSSIBLE EARTHQUAKE IN MEXICO CITY

[12:53] {Threei}  ummm

[12:53] {Threei}  someone up there decided to eliminate Mexico altogether?

[12:56] {vinod} just my 2 cent--SRS is flying

[12:59] {dino} ctcm sm l .25

[13:01] {Threei}  TREASURY'S $40B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.72 V 2.71 PRIOR AND 2.42 AVE OVER LAST 10 AUCTIONS

[13:07] {Threei}  Mondays are often hard to findsomething tradable, but this slow - it's rare

[13:07] {nemo} May starting early

[13:07] {Threei}  I don't know if standard "slow summer" will hold this year

[13:08] {Threei}  certainly didn't last summer

[13:08] {Threei}  it was the most active I've ever seen

[13:08] {nemo} Thinking that myself

[13:08] {Threei}  august, traditionally the most dead month, was unbelievably active and readable

[13:11] {Threei}  I'd think it's a pure swine flu reaction today

[13:12] {Threei}  it kind of interrupted the normal flow of events by this rapid over the weekend develoment

[13:12] {Threei}  market was in a process of setting up the trap

[13:12] {Threei}  climb up into stress test results, drop like stone after positive resluts are announced - that was the idea, IMO

[13:13] {Threei}  suddenly this swine thingy comes along and injects whole new factor to account for

[13:13] {Threei}  travel and ailine names get killed, biotechs get lifted

[13:14] {dino} ccl sm l .01

[13:14] {Threei}  in other words, sectors that were not in focus of attention at all suddenly jumped in play

[13:14] {Threei}  syphoned money and attention

[13:18] {jfjf64} said very nicely vad

[13:18] {nemo} Vad doesn't do "nice"

[13:19] {jfjf64} im a newbie here    

[13:19] {nemo} Yeah, smart to suck-up to the boss

[13:20] {Threei}  magoo's real boss

[13:20] {nemo} that's scary

[13:20] {nemo} Yeah...let's talk about Magoo, he's not here to defend himself

[13:24] {ese} signing off.....see you all tomorow....

[13:25] {nemo} nice day ese

[13:25] {Threei}  take care ese

[13:25] {ese} see ya nemo vad

[13:25] {dino}  r4mbs

[13:26] {dino} rmbs

[13:29] {Threei}  starting to see FAS entry

[13:30] {Threei}  see = seek

[13:30] {dino} ccl stopped

[13:31] {dino} -.32

[13:33] {Threei}  want to see it pulling back off .90

[13:33] {Threei}  then either making double bottom closer to .80

[13:34] {Threei}  or holding above .85 and breaking .90

[13:34] {Threei}  IRS REPORTEDLY PREPARING TO INVESTIGATE OTHER OFFSHORE BANKS BESIDES UBS FOR HELPING CUSTOMERS EVADE TAXES

[13:34] {Threei}  held .85 so far

[13:35] {Threei}  .90 break long for scalp if holding above .85

[13:35] {dptl} in

[13:36] {Threei}  RMBS

[13:36] {Threei}  REPORTEDLY ANTI-TRUST CASE AGAINST MANUFACTURERS IS BEING ALLOWED TO GO FORWARD

[13:41] {dptl} out ty

[13:41] {Threei}  pesky scalper

[13:43] {Threei}  oh wait... I called it as a scalp

[13:43] {Threei}  {--- pesky caller

[13:43] {dptl} there :)

[13:43] {Threei}  lol

[13:43] {nemo} so, is it a scalp, or a daytrade?

[13:44] {Threei}  UN OFFICIAL: SWINE FLU DOES NOT APPEAR TO BE THREATENING FOOD CHAIN; LIMITED TO HUMANS

[13:44] {nemo} glad the animals will survive

[13:44] {larisa} lol

[13:44] {Threei}  that's good I assume... even if we all extinct, food will still be safe

[13:44] {nemo} Then we become worm or buzzard food

[13:44] {Threei}  out FAS

[13:44] {Threei}  .98

[13:44] {fernp} out here 2:1 

[13:45] {fernp} ty Vad

[13:45] {Threei}  sure

[13:45] {Threei}  chicken feed today

[13:45] {Threei}  but whatever... there is no bird flu right now

[13:49] {nemo} Any thoughts if Fas Holds here?

[13:50] {Threei}  feels to me like going lower

[13:50] {nemo} the indexes are't helping, that's for sure

[13:52] {Threei} Long Setup:  FAZ  .90

[13:52] {Threei}  stop under .85

[13:54] {nemo} scalp I assume?

[13:54] {nemo} nevermind

[13:54] {Threei}  invalidated... let's wait for now

[13:55] {Threei}  want ti to resstablish the range

[13:55] {nemo} or, creating a longer double bottom in fas?

[13:56] {Threei}  nah... FAS should break down

[13:57] {nemo} look at the volumes, or lack thereof...

[13:59] {Threei}  don't know about this setup... kind of not here nor there

[13:59] {nemo} fas or faz?

[13:59] {Threei}  lol

[13:59] {Threei}  both

[14:00] {nemo} definite maybe, huh?  although, there was another scalp in FAS

[14:00] {Threei}  after 4 tests of the bottom, no way I'd bet on that

[14:01] {nemo} no, but there seem to be cycles, and we are coming out of the lunch period and it's been downtrending since 11:00

[14:04] {nemo} Will the sage sith lord Vad be right again?

[14:04] {Threei}  is there any names I haven't been called yet today?

[14:04] {Threei}  is = are

[14:04] {nemo} You want me to start?

[14:04] {Threei}  I guess

[14:04] {Threei}  umm

[14:04] {Threei}  no

[14:14] {nemo} quite a set of scalps fas and faz have been giving

[14:14] {Threei}  SEC REMARKS THAT 50 INVESTIGATIONS ARE GOING WITH REGARDS TO CREDIT DEFAULT SWAPS

[14:14] {Threei}  {ICE CME ISE}

[14:15] {Threei}  seesaw between .80 and .90 on both

[14:15] {nemo} yes

[14:17] {Threei}  US TRADE REP: PORK FROM CERTAIN US STATES HAS BEEN BANNED IN CERTAIN COUNTRIES

[14:17] {Threei}  USDA: THERE ARE NO REPORTS OF SWINE FLU AMONG PIGS IN THE US

[14:18] {Threei}  American pigs - the healthiest pigs in the world!

[14:22] {dptl} gt?

[14:23] {Threei}  US SENATOR GRASSLEY: NOT MUCH CHANCE FOR APPROVAL OF ADDITONAL TARP FUNDS THROUGH AUGUST

[14:24] {Threei}  but after august is fine?

[14:28] {nemo} This day reminds me of a Neil Young comment..."It starts off real slow, and then fizzles out all together."

[14:29] {Threei}  lol

[14:32] {Threei}  FAS... pullback under .90 will be worth long entry

[14:36] {dino}  rcl sm l .15

[14:37] {dino} intc sm l .30

[14:45] {Threei}  (US) OCC'S DUGAN: TRANSITIONING THRIFT CHARTER TO A NATIONAL BAK CHARTER IS DOABLE

[14:45] {Threei}  - There is strong political will to cut the number of agencies overseeing banks.{XLF}

[14:50] {Threei}  anyone took FAS on pullback under .90?

[14:57] {Threei}  Bank of New York Company Inc CEO: Believes stress tests may show average bank is healthier than majority of people think

[15:01] {Threei}  (US) White House Press Sec Gibbs: Reiteratest that the govt has no desire to run the auto companies

[15:02] {Threei}  {auto companies} yeah, thank you, we can die on our own just as well

[15:04] {jfjf64} is fas wowth  gettin involved with  on  this  bounce   boss

[15:04] {Threei}  watching

[15:04] {Threei}  not sure yet

[15:04] {jfjf64} k

[15:07] {Threei}  probably off .70

[15:07] {Threei}  one more quick leg down, and scalp should be in order

[15:07] {jfjf64} yeah

[15:09] {dptl} .75?

[15:09] {dptl} in.76

[15:10] {dptl} stop under .70?

[15:10] {Threei}  there is not much technical to this play

[15:10] {Threei}  can't tell really

[15:12] {Threei}  should move over 80 now for exit

[15:17] {dptl} hmm

[15:17] {Threei}  now

[15:17] {Threei}  het out

[15:17] {Threei}  get too

[15:17] {dptl} out.84 ty

[15:18] {jfjf64} out.90  ty

[15:18] {Threei}  :)

[15:18] {Threei}  pure "feeling" play

[15:18] {vint} out .87

[15:18] {Threei}  not much on chart to indicate precise entry

[15:18] {jfjf64} ya feelin  gd

[15:20] {dino} blud l .35

[15:27] {Threei}  FAS again

[15:27] {Threei}  first strength

[15:28] {Threei}  in .70

[15:28] {dptl} .71 in 

[15:28] {dptl} stop .65?

[15:28] {Threei}  yeah

[15:30] {Threei}  (US) House to vote on credit card reform legislation on Thursday

[15:31] {Threei}  - NYSE volume 1B shares, about 15% below its three-month average; decliners lead advancers by 3.3:1.

[15:31] {Threei}  - NASDAQ volume 1.83B shares, about 1% below its three-month average; decliners lead advancers by 1.8:1.

[15:32] {dptl} out ty

[15:32] {Threei}  out .77

[15:32] {dptl} .77

[15:33] {Threei}  TARP watchdog Warren: Fed white paper on stress tests gave little detail on the tests mechanics

[15:33] {Threei}  Market data center Your headlines are not in real-time mode Go to live Close

[15:33] {Threei}  Show messages

[15:33] {Threei}  Hide messages

[15:33] {Threei}  sheesh

[15:35] {_ryanagler} what do you think of scalp of gs at 200ma?

[15:35] {Threei}  sorry, having quote issues

[15:35] {Threei}  can't tell

[15:38] {Threei}  urges that stress tests be tough and transparent, otherwise tests will be "useless";

[15:38] {_ryanagler} no prob.  on 10min gs chart 200ma is also 121 even number.  might try it if hits there

[15:39] {Threei}  back...

[15:39] {Threei}  hmm

[15:39] {Threei}  not sure, feels like GS wioll s;ice through 121

[15:42] {Threei}  crap

[15:42] {Threei}  missed FAS dive to ./60 with this connection drop

[15:45] {Threei}  grrr... anyone got it?

[15:45] {jfjf64} nope  stopped at .63

[15:45] {jfjf64} grrr

[15:47] {dino} i'll crack you up, last week on monday it snowed here, today it's 97 degrees

[15:48] {Threei}  lol

[15:48] {Threei}  sliiightly positive day... nothing to write home about

[15:49] {Threei}  and whole lot of issues with quotes, connection, spam e-mails with ugly-looking would-be-brides

[15:54] {Threei}  okay guys, strange day

[15:54] {Threei}  not bad day, just strange

[15:54] {Threei}  have a good evening, see you tomorrow

[15:55] {Threei}  hopefully swines stop sneezing

[15:55] {larisa} later :)

[15:55] {Threei}  and we can get back to business as usual

[15:55] {dptl} have a good evening all

[15:55] {vint} good evening all

[15:55] {_ryanagler} thanks, take care

[15:55] {jfjf64} good night all

[15:56] {fernp} good day here. Good evening all, see u tomorrow

Apr 24 2009

That was a very volatile day, what with "stress test" news et all. Made out OK by staying away during hectic jumps up and down and making our main trades in more readble times. WFC, JNPR, QLD etc worked fine for us on a long side.

Session Time: Fri Apr 24 00:00:00 2009

[08:13] {ese} gotta like them little snipits of advice when you log in "Rally it is - against all predictions"....good morning

[08:13] {nemo} Ese :)

[08:14] {ese} morning nemo

[08:15] {ese} going to get my coffee....and my hypodermic needle....just inject it right in

[08:15] {nemo} cook it down, get the straight caffeine

[08:17] {Threei}  good morning

[08:17] {Threei}  told ya... rally

[08:18] {Threei}  and was so sure of it that took WFC and BAC overnight

[08:19] {Threei}  nice to start the day with +.52 and +.32

[08:19] {Threei}  but I won't even ask "can I go home" qwith nemo around... I know the answer

[08:21] {i2romantis} morning all

[08:22] {Threei}  i2r :)

[08:22] {i2romantis} vad :)

[08:22] {Threei}  man, how could you miss that Bahamas event

[08:22] {ese} whoaa thats confidence vad

[08:22] {Threei}  total blast

[08:23] {i2romantis} you tell me :)

[08:23] {i2romantis} i'm sure it was

[08:23] {Threei}  next year is in preparation... Greeport

[08:23] {i2romantis} diff location every year?

[08:24] {Threei}  ese... sometimes conviction trumps discipline :)

[08:24] {ese} wheres greeport

[08:24] {Threei}  sorry, Freeport

[08:24] {Threei}  {-- fat fingers

[08:24] {i2romantis} ok

[08:24] {Threei}  Bahamas too... different island

[08:25] {Threei}  could change of course, a lot of time still

[08:27] {Threei}  lol... spam e-mail says:

[08:28] {Threei}  Don't miss your chance to look fabulous today! signed: Deborah

[08:28] {Threei}  dear Deborah... you are 25 years late

[08:29] {i2romantis} lol

[08:30] {Threei}  MAR DURABLE GOODS ORDERS: -0.8% V -1.5%E; DURABLES EX-TRANSORTATION: -0.6% V -1.2%E

[08:31] {ese} things are lookin up a little

[08:44] {cosmo} JNPR, for instance

[08:44] {ese} yup 1.34 so far this morning

[08:45] {cosmo} 20.80 spike high so far

[08:46] {ese} tha should break out o new highs today cos

[08:47] {cosmo} 'should'

[08:49] {cosmo} RVBD

[08:49] {cosmo} ... same industry

[08:50] {cosmo} 16.50 pre mkt high

[08:51] {nemo}  It's a little scary everything is looking so "up" this morning

[08:54] {ese} Ford being upgrade at BOA....my goodness ..will miracles never cease

[08:56] {Threei}  F... mama

[08:57] {cosmo} i can't stand that letter

[08:58] {ese} cos what does RVBD do?

[08:58] {cosmo} WAN

[08:58] {cosmo} like JNPR

[08:58] {cosmo} i think

[08:58] {ese} hmmm

[08:59] {pita} greetings

[08:59] {Threei}  pita :)

[08:59] {nemo} Is this a "Pick a stock and go long" day?

[08:59] {dptl} good morning all

[08:59] {Threei}  dp :)

[08:59] {ese} dp, pita

[08:59] {Threei}  nemo... yes, with one correction:

[09:00] {Threei}  in today's temrs, what we used to call "a day" became "an hour"

[09:00] {ese} vad have you seen the dry bulk index lately...up?dn?

[09:00] {nemo} premature stockulation

[09:01] {Threei}  for some reason they don't put it in headlines lately, ese

[09:02] {ese} hmmmm wonder why

[09:03] {Threei}  someone forgot I'd guess

[09:03] {ese} was on a dn slide there for a while 20 or 30 sessions dn....should be turning at some point and so DRYS and the like should follow

[09:03] {Threei}  never exp[lain by conspiracy what can be explained by stupidity

[09:04] {cosmo} ah ... the conspiracy of stupidity...

[09:04] {Threei}  or... you guessed it

[09:04] {Threei}  stupidity of consipracy

[09:05] {cosmo} that still needs to be demonstrated

[09:05] {ese} gotta stop loging on so early boys....your loosin it

[09:06] {Threei}  I have distinctive advantage here ese

[09:06] {Threei}  not much to lose

[09:06] {ese} spectacular advantage

[09:06] {Threei}  so just never log out

[09:06] {cosmo} it helps focus

[09:10] {fernp} Hello everybody

[09:12] {Threei}  gern :)

[09:12] {Threei}  fern, sorry

[09:12] {Threei}  second time I hit G instead of F today

[09:13] {Threei}  so if I alert a trade on G, you know I mean Ford

[09:13] {fernp} lol

[09:13] {pita} yeah, right...lol

[09:14] {larisa} gm :)

[09:18] {Threei}  larisa :)

[09:18] {dino} gm all

[09:19] {nemo} Dino

[09:19] {Threei}  dino :)

[09:19] {nemo} no mags..mmmmmhhhhh????

[09:19] {dino} he's here

[09:20] {nemo} how's his ankle?

[09:20] {dino} crutches

[09:20] {Threei}  F

[09:20] {Threei}  CFO: EXPECT A $3.4B GAIN IN Q2 ON ITS DEBT RESTRUCTURING - CONF CALL COMMENTS

[09:21] {nemo} What's nue doing this morning, it got whacked hard yesterday?

[09:22] {elepet} good morning

[09:22] {Threei}  elepet :)

[09:22] {elepet} palm moving up again?

[09:23] {Threei}  not much so far

[09:23] {Threei}  yesterday's selling while market was strong is not looking encouraging for it

[09:24] {magoo} tctrjrrfjcrj

[09:24] {Threei}  lkgsnsoit

[09:25] {ese} don't you guys mean  ouiiulkjhghl  ?

[09:25] {Threei}  I didn't... can't say for magoo

[09:28] {pita} good day yesterday for JNPR

[09:28] {ese} could be equally as good today

[09:29] {pita} si

[09:30] {Threei}  BAC, if dives into .80 - .85 will be a long entry

[09:33] {Threei}  changes to breakout trade here

[09:33] {Threei} Long Setup:  BAC  9.16

[09:33] {Threei}  if stays above 9.05

[09:34] {Threei}  WFC

[09:34] {Threei}  half lot long .65 break

[09:34] {Threei}  if stays above .50

[09:34] {magoo} futes crushed

[09:35] {magoo} axp

[09:35] {dptl} in wfc

[09:35] {magoo} amzn vad

[09:36] {Threei}  BAC, becomes a bounce play again

[09:36] {Threei}  9 break if holding .95

[09:37] {magoo} in 

[09:37] {Threei}  WFC 1:1

[09:37] {chinggis} in BAC

[09:38] {Threei}  1:2, WFC

[09:38] {Threei}  out +.29

[09:39] {magoo} out .91 WFC TY vad

[09:39] {Threei}  hurry up BAC

[09:40] {magoo} AXP strong

[09:40] {Threei}  hard to tell whether BAC stop should be kept under .95 or under .90

[09:41] {Threei}  our BAC -.06

[09:41] {Threei}  whatever

[09:41] {Threei}  if it's a shakeout, so be it

[09:41] {dptl} wfc +.15 and stopped bac

[09:41] {nemo} stopped bac

[09:41] {nemo} net net on the two

[09:42] {Threei}  F

[09:42] {Threei}  CEO: ON TRACK TO MEET OR EXCEED TARGET OF BREAKING EVEN BY 2011 - CONF CALL

[09:48] {magoo} BLUD WOW VAD

[09:48] {Threei}  04/24/09 09:29am

[09:48] {Threei}  [BLUD] Immucor, Inc. Receives subpoena from US Department of Justice

[09:48] {Threei}  - DOJ requesting documents for the period beginning September 1, 2000 through the present, pertaining to an investigation of possible violations of the federal criminal antitrust laws in the blood reagents industry.

[09:48] {Threei}  - Immucor intends to fully cooperate with the investigation

[09:49] {Threei}  bac

[09:49] {Threei}  sorry

[09:49] {jfjf64} mornin all

[09:50] {Threei}  jf :)

[09:50] {Threei}  F

[09:50] {dino} sm risky l blud .25 wide

[09:50] {wulff} you still in WFC?

[09:50] {Threei}  wroth a try near .20

[09:50] {Threei}  [09:38] {Threei} 1:2, WFC

[09:50] {Threei}  [09:38] {Threei} out +.29

[09:50] {dino} way early

[09:51] {Threei}  stop under .15 who took it

[09:51] {jfjf64} .20 ford long

[09:51] {dino} ok

[09:53] {Threei}  sell half jf

[09:54] {Threei}  and trail stop to under .20

[09:54] {jfjf64} ty

[09:54] {Threei}  unless you just went for a scalp, then you have over 1:1 and need no comments by me

[09:55] {jfjf64} scalpie  ty

[09:55] {Threei}  watching JNPR

06[09:56] * nemo slaps jfjf64 around a bit with a large copy of "How to Scalp Any Market and Profit consistently"

[09:56] {pita} bounce area finnies?

[09:56] {jfjf64} lol

[09:56] {nemo} NDX looks iffy

[09:56] {Threei}  gotta look at particular names pita

[09:56] {Threei}  there are disconnects in this sector lately

[09:57] {jfjf64} jnpr??

[09:58] {Threei}  JNPR, .50 break half lot

[09:58] {Threei}  if holding above .35

[10:00] {Threei}  MAR US NEW HOME SALES: 356K V 337KE (% M/M)

[10:00] {jfjf64} still valid jnpr?

[10:01] {Threei}  not unless goes through new consolidation, at least 2-3 minutes

[10:01] {jfjf64} ty

[10:01] {Threei}  - Median sales price: 201,400$ v $200,900 m/m

[10:02] {Threei}  New Home months of supply: 10.7 months v 11.2 months m/m

[10:02] {Threei}  - Prior New Home Sales revised from 337K to 358K

[10:02] {Threei}  so I guess housing is fixed

[10:02] {nemo} fas just jumped that news seems to have moved it

[10:02] {Threei}  and we were told that was major problem

[10:05] {nemo} nue bounced nicely after yesterday's smackdown

[10:09] {magoo} AMZN

[10:09] {magoo} shit

[10:10] {nemo} guess the recession is over

[10:13] {Threei}  SEC TO HOLD ROUNDTABLE ON MAY 5TH TO DISCUSS CIRCUIT BREAKERS AND SHORT SALES

[10:13] {Threei}  SEC seems to be stuck in 2007

[10:13] {Threei}  it all is so irrelevant

[10:13] {nemo} not politically, unfortunately

[10:15] {Threei}  F CEO: DOES NOT EXPECT TO BE HURT BY GM OR CHRYSLER BANKRUPTCIES - CONF CALL Q&A

[10:15] {Threei} Long Setup:  WFC  .50 break

[10:16] {Threei}  stop is obvious, right?

[10:16] {magoo} in

[10:18] {jfjf64} were is stop

[10:18] {Threei}  under .40

[10:18] {nemo} stoppedd

[10:18] {dptl} stopped 

[10:18] {fernp} stopped

[10:20] {jfjf64} yikes

[10:20] {Threei}  US AND CHINA TO SIGN CONTRACTS WORTH BILLIONS OF DOLLARS FOR US GOODS TODAY

[10:20] {nemo} keep your stops...

[10:20] {nemo} wfc closing opening gap

[10:25] {dino} isrg

[10:25] {Threei} Long Setup:  JNPR  .62

[10:25] {Threei}  argh

[10:25] {Threei}  too fast

[10:25] {Threei}  let it pull back

[10:26] {Threei}  first strength from here

[10:26] {Threei}  in .48

[10:26] {Threei}  stop under .40

[10:26] {dptl} in .50

[10:26] {magoo} in .53

[10:26] {nemo} missed

[10:28] {Threei}  half out

[10:28] {Threei}  .63

[10:28] {Threei}  scalpers be happy

[10:29] {Threei}  stop to .45

[10:29] {fernp} ty Vad

[10:29] {Threei}  :)

[10:30] {Threei}  they publish something about stress tests today... guidelines or something of that kind

[10:32] {Threei}  1/4 more out

[10:32] {Threei}  .70

[10:32] {Threei}  stop to .49

[10:33] {chinggis} out .68 ty

[10:33] {Threei}  run little Juniper run

[10:33] {Threei}  welcome chinggis

[10:33] {magoo} out .77 TY boss

[10:33] {Threei}  offering last part .82

[10:33] {Threei}  {JNPR} you greedy bastard

[10:34] {nemo} boot vad

[10:34] {Threei}  {JNPR} I five and I give and I give... and it's never enough for ya

[10:34] {dptl} out jnpr .73 ty

[10:34] {Threei}  welcome guys

[10:38] {vint} hi Vad-what is on watch for this morning? usual suspects?

[10:39] {vint} sorry, joined late

[10:39] {Threei}  mostly yes, vint

[10:39] {vint} thanks

[10:40] {Threei}  come on JNPR

[10:40] {Threei}  relieve me of last 1/4

[10:43] {Threei}  ah come on... 1 cent shy?

[10:43] {nemo} greedy...

[10:45] {Threei}  market lost will to live

[10:46] {vint} Friday syndrome?

[10:46] {Threei}  yeah

[10:46] {Threei}  plus tose stress test details published at 2

[10:46] {Threei}  plus nearing resistance from a few days ago

[10:47] {Threei}  so gotta decide what to do, break out and run or wilt and die

[10:47] {vint} looks like last hr could be interesting

[10:47] {vint} i mean after lunch

[10:47] {Threei}  wide consensus in investing community is pullback is coming

[10:47] {magoo} so..no pullback

[10:47] {Threei}  you know how I feel about wide consensuses

[10:48] {magoo} :)

[10:48] {magoo} stole your punchline

[10:48] {Threei}  if you want surefire way to be mistaken, side with "widely acknowledged"...

[10:49] {Threei}  (that's why I don't believe in gravity btw)

[10:49] {vint} :)

[10:49] {wulff} ealier you said .50 break on JNPR that did not work.

[10:49] {Threei}  it never set up

[10:49] {wulff} it hit .50 but did not break it, so 

[10:50] {Threei}  it got invalidated by dropping under support

[10:50] {wulff} so I would have bought it at  say .52

[10:50] {Threei}  no... that's not how it works

[10:51] {wulff} it traded at .50 so I bought it, then took a stop

[10:51] {Threei}  gimme a sec, I'll get to it

[10:51] {wulff} Ty

[10:51] {Threei}  ok, out last portion .76

[10:51] {Threei}  {JNPR} there... happy now? leave me alone now, you want just one thing from me

[10:52] {Threei}  original setup was .50 break if holding above .35

[10:52] {Threei}  .50 never got broken, JNPR went under .35,

[10:52] {Threei}  setup got invalidated.

[10:52] {Threei}  Next event was:

[10:52] {Threei}  it jumped up and broke .50

[10:52] {jfjf64} next  

[10:52] {Threei}  no entry in such cases,

[10:53] {Threei}  because:

[10:53] {jfjf64} correct

[10:53] {Threei}  1. support got broken, you have way too wide range to buy a break

[10:53] {Threei}  2. it went into resistance b=vertically

[10:53] {Threei}  and vertical move leads to exhaustion

[10:53] {Threei}  we buy breaks after consolidations, not after a sharp spike into resistance

[10:54] {wulff} but what would I have bought it at the first time

[10:54] {wulff} if it broke

[10:54] {Threei}  it never set up first time

[10:54] {wulff} if...

[10:54] {Threei}  if it broke, you'de have bought it just above .50

[10:54] {wulff} OK

[10:54] {Threei}  with stop under .35

[10:55] {wulff} tricky when it trades to resistance number and falls

[10:55] {nemo} c'mon Juniper give yourself over to the Vader

[10:55] {Threei}  nemo... wake up

[10:55] {Threei}  we already settled our differencies

[10:55] {nemo} oh, shut off the speakers

[10:55] {Threei}  [10:51] {Threei} ok, out last portion .76

[10:55] {Threei}  [10:51] {Threei} {JNPR} there... happy now? leave me alone now, you want just one thing from me

[10:55] {jfjf64} i never got in trade   what  bout  me

[10:55] {jfjf64} lol

[10:56] {dptl} wfc?

[10:56] {nemo} what about you jf?  You think this is about you?  Want to be the center of attention?  :) Too much caffeine...sorry

[10:56] {nemo} yea WFC had that higher low...bummer

[10:56] {dptl} .50?

[10:57] {Threei}  WFC was nice setup earlier... missed while talking back and forth with JNPR

[10:57] {magoo} arca ooffline

[10:57] {magoo} quote issues

[10:57] {Threei}  not sure here

[10:57] {nemo} oh shit and I don't have INET or Island

[10:57] {jfjf64} ahhhhh

[10:57] {dptl} earlier you mean .15-.30 range?

[10:58] {Threei}  yeah

[10:58] {dptl} ye i see it

[10:59] {dptl} gt?

[10:59] {nemo} nice support @ .20 after that brake through the Bollingers

[10:59] {dptl} gt?

[11:00] {Threei}  don't know

[11:00] {Threei}  kind of marginal play

[11:01] {dptl} ok

[11:04] {laserdave} all laser traders

[11:04] {laserdave} please use inet to place orders for now

[11:04] {laserdave} there are arca issues

[11:07] {dptl} pull back to .45-.50 wfc ...may be?

[11:07] {vint} CAT-  buy on this pull back?

[11:07] {Threei}  I'd really prefer .40

[11:07] {nemo} great, I guess no trading for me

[11:08] {Threei}  CAT... this thing is famous for hars pullbacks

[11:08] {Threei}  I'd feel safer with entry around 33

[11:08] {vint} got it thx

[11:11] {Threei}  G7 OFFICIAL: SEES NO REASON TO CHANGE COMMUNIQUE ON CURRENCIES; WILL SEND A MESSAGE REGARDING NEGATIVE ECONOMIC SITUATION; NOTING NOT ALL NEWS IS BAD

[11:11] {Threei}  - Remarks that there are no discussions on new topics at the moment

[11:18] {Threei}  CONNECTICUT TREASURER REITERATES CALL FOR CEO LEWIS' RESIGNATION

[11:18] {Threei}  NASDAQ is on the verge of break on daily

[11:18] {wulff} does seeing JNPR bother you now?

[11:19] {Threei}  QLD

[11:19] {Threei}  half lot long on pullback

[11:19] {Threei}  .72 , stop under .60

[11:19] {Threei}  no wulff

[11:19] {Threei}  I did OK on it

[11:19] {Threei}  I don't expect myself to buy exact bottom and sell exact top

[11:21] {Threei}  changing plan to aggressive entry QLD

[11:21] {Threei}  .66

[11:21] {Threei}  if holding above .60

[11:21] {Threei}  in

[11:22] {dptl} jeez got .68

[11:22] {wulff} .64

[11:22] {vint} in .65

[11:23] {dptl} lol worst one

[11:24] {Threei}  really... you should be ashamed of yourself

[11:24] {dptl} yeah blushing

[11:24] {Threei}  and wulff... don't sell to dp at .68 what you bought at .64 {G}

[11:24] {wulff} try not too

[11:26] {magoo} in btw

[11:26] {ese} ugh....vad how could you destroy your myth.....man I always thought that your bought the exact botom and sold the exact top.......ugggghhhhhh.......i'm destroyed

[11:27] {Threei}  sorry ese

[11:27] {Threei}  in fact I do

[11:27] {magoo} are we in aggress to catch breakout .80 +?

[11:27] {Threei}  I just don't tell anyone for tax purposes

[11:27] {Threei}  half out

[11:27] {ese} my life and trading is over.....what shall i ever do??

[11:27] {Threei}  .77

[11:27] {Threei}  scalpers are slapers

[11:27] {Threei}  scalpers

[11:27] {Threei}  sigh... I can't even type that twice in a row

[11:28] {ese} your an engineer.... a math guy....you type the numbers better

[11:28] {Threei}  not really... for that I'd have to know how to count

[11:29] {dptl} out .78 ty

[11:29] {Threei}  and I am good within fingers on one hand

[11:29] {magoo} OUT .85 boss

[11:29] {ese} uggghhhh once again.......my opinion of you as exalted trader is destroyed....ugghhhh

[11:29] {magoo} TY 

[11:29] {Threei}  out in full .85

[11:30] {nemo} Hey ese...get a grip!

[11:30] {vint} out .85

[11:30] {wulff} out .89

06[11:30] * magoo slaps wulff around a bit with a large trout

[11:30] {Threei}  cool beans

[11:30] {dptl} lol......ok even on exit still worst one

[11:30] {ese} i'm finished nemo....finished....

[11:30] {Threei}  you know what QLD is btw, right?

[11:31] {pita} good hunting - cu later

[11:31] {magoo} no clue

[11:31] {Threei}  lol mags

[11:31] {Threei}  take care pita

[11:31] {magoo} pita:)

[11:31] {Threei}  it's 2x NASDAQ 1000

[11:31] {dptl} i was afraid of this ??

[11:31] {Threei}  100

06[11:31] * nemo slaps ese around a bit with a large prescription of lithium

[11:31] {Threei}  see, told you I can't count

[11:31] {nemo} FAS

[11:31] {Threei}  so, the idea of the trade, briefly:

[11:31] {ese} ahhhhhh tks....i needed that

[11:31] {Threei}  I wanted to play NADAQ breakout,

[11:32] {Threei}  I didn't see particular stock to follow

[11:32] {Threei}  and didn't want to tie myself to whims of particular stock,

[11:32] {Threei}  and QQQQ is a bit too thick and immobile

[11:32] {nemo} bout time for WFC to take the elevator down

[11:32] {Threei}  so QLD is better fit

[11:32] {Threei}  now,

[11:32] {Threei}  look at it's intraday chart

[11:32] {Threei}  asit makes new highs,

[11:33] {Threei}  would you call ijt breakout stock or pullback stock?

[11:33] {nemo} break out on the JBE

[11:33] {Threei}  most of its movements were very effective off pullbacks

[11:33] {Threei}  breaks were so so

[11:33] {Threei}  so... as it touched .80, I waited for pullback

[11:34] {Threei}  .60 was the low of the range

[11:34] {Threei}  entry in .64-.68 range was as perfect preparation for breakout as it gets

[11:34] {Threei}  there... a little theory

[11:34] {Threei}  be back in 20

[11:35] {vint} was it a brakout from yesterday high?

[11:35] {vint} i mean QLD 

[11:35] {Threei}  yes vint

[11:35] {Threei}  WHITE HOUSE CHIEF OF STAFF EMANUEL: OBSERVING SIGNS OF STABILIZATION IN THE US ECONOMY; CONFIRMS BANKS TO BE NOTIFIED OF RESULTS TODAY

[11:35] {vint} thx

[11:35] {Threei}  [11:18] {Threei} NASDAQ is on the verge of break on daily

[11:35] {Threei}  and next line was QLD call

[11:36] {vint} got it..short memory span nowadays

[11:37] {nemo} Folks on LASER when you download the latest version Inet/Island has been changed to Nasdaq in the drop down routing menu

[11:38] {magoo} the whole room should short amzn..i gonna take it long soon

[11:38] {magoo} I CANT TAKE IT

[11:38] {magoo} that will halt it

[11:40] {magoo} wfc trying 21 vad..has not been over 21 in awhile

[11:40] {magoo} important level

[11:42] {magoo} in out .12

[11:43] {wulff} you know the hardest stops too keep are the ones that come in the first minute of purchase

[11:43] {magoo} 21-21.12

[11:43] {magoo} hey..thats a rush album

[11:43] {wulff} being that I ma sometimes of weak disposition

[11:43] {nemo} I was just going to say that

[11:43] {wulff} am

[11:43] {wulff} but acceptance is acceptance i guess

[11:43] {nemo} Yeah, Syrinx

[11:46] {nemo} wfc probably goes to .45 anyway

[11:47] {wulff} Pat my own back...but I bought a half lot of WFC at 20.10 on the pullback

[11:48] {nemo} you should cash out and go home for the day

[11:48] {magoo} careful

[11:48] {magoo} id offer .31

[11:48] {wulff} am home

[11:48] {wulff} problem is I want 30

[11:48] {nemo} figure of speech...go back to your den

[11:49] {vint} CAT for short? looking at daily..

[11:50] {wulff} chart looks like WFC

[11:59] {vinod} good afternoon to all

[11:59] {vinod} are we going to hit 9000 today?

[12:00] {dino} sure

[12:01] {vinod} look like you gus made a lot today as usuall

[12:02] {larisa} vinod, flattery will get you everywhere :)

[12:03] {vinod} someday i will be a real day trader?

[12:03] {nemo} anybody trouted vinod yet?

[12:04] {vinod} nemo please us for lunch at legal seafood my treat today

[12:05] {nemo} excuse me?

[12:05] {larisa} lol

[12:05] {nemo} I'm in Maine...which one anyway...Kendall Square?

[12:05] {nemo} or the one in the Pru?

[12:06] {vinod} in pru

06[12:06] * magoo slaps vinod around a bit with a large trout

[12:06] {nemo} hehehehehe

[12:07] {Threei}  back

[12:07] {magoo} u were out?

06[12:08] * Threei slaps magoo around a bit with a large quote: "[11:34] {Threei} be back in 20"

[12:10] {Threei}  remember we once started list of people in whome Obama has 100% considence?

[12:10] {Threei}  WHITE HOUSE CHIEF OF STAFF EMANUEL: OBAMA HAS '100% CONFIDENCE' IN FED CHAIRMAN BERNANKE

[12:10] {Threei}  - note: this is the first explicit statement of support for Bernanke from the Obama Administration

[12:11] {Threei}  US HOUSE REPRESENTATIVES REPORTEDLY SEEKING DOCUMENTS SURROUNDING BOA/MERRILL MERGER

[12:12] {Threei}  (US) HOUSE AND SENATE HAVE REPORTEDLY REACHED A TENTATIVE DEAL ON HEALTHCARE LEGISLATION

[12:12] {dino} it's a giant "he said, she said" political fiasco on everything

[12:12] {Threei}  NO KIDDING

[12:12] {Threei}  oops

[12:13] {Threei}  and... as much as I can appreciate the sheer scale of pressure Lewis must have felt himself under if Paulson and Co did what he says they did,

[12:13] {Threei}  if he caved in, he is as guilty as they are

[12:14] {nemo} yeah, not like he didn't have enough money for 10 retirements

[12:15] {dino} feels like high school all over

[12:16] {Threei}  yeah, and he had responsibility to much more than to paulson

[12:17] {Threei}  CHRYSLER MAY REACH AGREMENT WITH THE CAW SHORTLY - FOX BUSINESS

[12:17] {Threei}  wow... CAW ill give up $19/h?

[12:17] {Threei}  I find it hard to believe

[12:17] {nemo} you can buy a house in detroit for $10k

[12:18] {dptl} jnpr short?

[12:19] {Threei}  let's wait for bounce

[12:19] {Threei}  see where it tops

[12:19] {dptl} ok

[12:20] {Threei}  dropped a bit too sharp into 22

[12:20] {Threei}  can snapback easily'

[12:20] {Threei}  10K, sriously?

[12:20] {Threei}  not that I enetrtain moving

[12:20] {nemo} maybe less

[12:23] {Threei}  I don't think it would have view anywhere near mine though, woluld it?

[12:23] {Threei}  http://realitytrader.com/vad/h.jpg

[12:23] {nemo} No..you'd likely want to bullet proof the walls and put steel shudders on the windows

[12:24] {larisa} lol

[12:25] {wulff} ahhh home sweet home

[12:25] {nemo} Yep...it might be a cave, but it's MY CAVE

[12:29] {dptl} ,90 with 22 stop?

[12:30] {nemo} what dp?

[12:30] {nemo} BAC very strong

[12:30] {dptl} jnpr

[12:30] {nemo} ty

[12:30] {Threei}  not sure

[12:31] {Threei}  CHRYSLER TELLS DEALERS THERE IS NO PENDING BANKRUPTCY - WSJ

[12:31] {Threei}  - Note that on 4/23 the New York Times reported that the US Treasury is said to be preparing a bankruptcy filing for Chrysle

[12:31] {Threei}  GM

[12:31] {Threei}  REPORTEDLY TREASURY PROVIDES CO. WITH $2B IN WORKING CAPITAL

[12:32] {nemo} you thinking short dp?

[12:32] {Threei}  TREASURY ANNOUNCES AN ADDED $569M IN TARP REPAYMENTS FROM FOUR MORE FIRMS

[12:32] {vint} FAS apparantly doing well , given the upcoming stress test results..

[12:33] {Threei}  market went slow, boring and narrow

[12:33] {dptl} was thinking nemo yes

[12:33] {Threei}  much like magoo, only magoo is fat too

[12:33] {wulff} ouch

[12:34] {Threei}  I am not a fan of shorting such market

[12:34] {Threei}  capable of nasty surprizes

[12:34] {nemo} your proposed short or Vad's comment about Magoo's corpulence?

[12:36] {nemo} BAC broke out a bit

[12:36] {nemo} w/fas

[12:37] {vint} FAS was at day's high a moment ago

[12:38] {nemo} no volume again

[12:43] {Threei}  what does it tell us?

[12:43] {nemo} what does what tell us?

[12:43] {dptl} stay in coma

[12:44] {Threei}  sigh... never mind

[12:44] {nemo} FAS at new high or nominal volume?

[12:44] {vint} interestingly,FAS and FAZ almost in same price level

[12:44] {Threei}  yeah, they will eclipse soon again I'd assume

[12:46] {nemo} lack of volume...no commitment beyond money that's been playing all along?

[12:47] {vinod} most of the company lost money but Beats Forecast

[12:47] {Threei}  if it was locked in the same money turning over, we would have price locked in the range

[12:48] {Threei}  I think most of commentators citing lack of volume as a premise for this rally to fizzle out don't get it

[12:48] {Threei}  the only thing it tells us really is:

[12:48] {Threei}  the part of the rally we have seen so far is mostly smart money

[12:49] {Threei}  crowd hasn't joined yet

[12:49] {Threei}  when it does - that's when we are going to see major volume

[12:49] {Threei}  and that is going to take us into exhaustion climatic movement

[12:49] {Threei}  climactic

[12:50] {nemo} going green are you Vad?

[12:50] {wulff} fine by me. I can wait

[12:50] {Threei}  no, just can't type - but that's not news really

[12:51] {dino} capital being evacuated

[12:51] {dino} air space violation

[12:51] {nemo} thought it was your sub-conscious peeking through

[12:51] {Threei}  (US) WHITE HOUSE AND US CAPITOL EVACUATED DUE TO AIR SPACE VIOLATION - FOX BUSINESS NEWS

[12:51] {Threei}  - Pilot of aircraft not responding to attempts to contact him.

[12:51] {wulff} I listen to money show

[12:51] {nemo} cool

[12:51] {wulff} and I can't tell you how many

[12:52] {wulff} people say " am NOT putting any money in this market"

[12:52] {Threei}  well... market is going to climb until they give up and jump in :)

[12:52] {Threei}  what else is new, this is the way these moves have been occuring for ages

[12:53] {dino} not responding because doesn't understand english, (kidding)

[12:54] {wulff} they are just clueless to that

[12:54] {Threei}  Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.

[12:55] {wulff} isn't "disinclination" kind of a big word for you?

[12:55] {Threei}  (US) WHITE HOUSE AND US CAPITOL REOPENED FOLLOWING AIR SPACE VIOLATION - FOX NEWS

[12:55] {Threei}  not when I copy and paste wulff

[12:55] {Threei}  you have no idea how lenghty words I can copy/paste

[12:55] {wulff} Oh

[12:55] {wulff} funny man

[12:56] {nemo} yeah vicarious learning should be stricken from vocabulary

[12:58] {Threei}  eclipse

[12:58] {vint} right-- is it good or bad?

[13:00] {vint} i guess time will tell..:)

[13:02] {vinod} every one pass street test and got A grade. what next?

[13:02] {vinod} do we rally more?

[13:03] {wulff} I always stressed during tests

[13:04] {Threei}  I'd guess, initial spike, then selloff, vinod

[13:05] {ese} are the results o the stress test out yet

[13:05] {Threei}  no

[13:06] {Threei}  today is not the results themselves

[13:06] {ese} what time are they due out

[13:06] {Threei}  some details on tests

[13:06] {Threei}  2

[13:06] {ese} tks

[13:07] {vinod} lvad-Let you know when you unloaded F around 4.00 I brought them from you still holding

[13:07] {ese} what were the some of those details.....did you post vad....was on the phone

[13:07] {Threei}  not sure I undertaood vinod... but good trade

[13:08] {vinod} last wek if i remember you sold your F share

[13:08] {Threei}  were ese? it's not 2 yet :)

[13:09] {Threei}  yes vinod

[13:09] {ese} ohhhh  i  get it.....sorry ....thought some of the results were out

[13:09] {vinod} i got to check my note

[13:09] {vint} oh, they don't brief u in advance , vad?

[13:09] {vint} k, we will wait until 2

[13:10] {Threei}  if they did, I would be somwhere on Hawaiian beach long ago, enjoying waves and breeze and umbrella drinks with all my 9 wives

[13:11] {vint} wow, that is more risky than trading

[13:12] {Threei}  WFC... Iswear this thing goes for 22

[13:12] {wulff} fine by me

[13:14] {vint} vad- any read on CAT, it is in tight range on 5mt 

[13:16] {Threei}  nothing that I would see as a compelling trade vint

[13:17] {vint} k,thanks

[13:23] {magoo} [13:13] {&Threei}  WFC... Iswear this thing goes for 22

[13:23] {magoo} [13:13] {wu

[13:23] {magoo} i must coconcur

[13:23] {magoo} ..prob 23

[13:25] {magoo} AXP 27 imo

[13:26] {ese} hey everyone....enjoyed watching you....not doing much scalping last couple of days just siting on a couple of swing trades have a great weekend

[13:26] {Threei}  you too ese, and don't forget about that scanner please

[13:26] {ese} see ya vad

[13:27] {vint} have a good one , ese

[13:27] {nemo} wow, a pullback

[13:27] {dino}  u2 es

[13:27] {nemo} by ese

[13:27] {nemo} bye

[13:27] {nemo} buy

[13:27] {nemo} bi

[13:27] {fernp} bye ese

[13:27] {nemo} beye

[13:27] {nemo} bye

[13:27] {Threei}  finally

[13:28] {Threei}  janitors are getting angry nemo

[13:28] {nemo} wanted to get it right

[13:28] {Threei}  G7 DRAFT STATEMENT TO INDICATE THAT ECONOMIC GROWTH SHOULD RESUME RECOVERY IN LATE 2009

[13:28] {Threei}  that was painful to watch

[13:28] {Threei}  but relief when you did made it worth it

[13:29] {vint} they are going release methodlogy of stress test, so what is news there?

[13:29] {Threei}  no one knows vint

[13:29] {Threei}  it's all a big puzzle

[13:29] {vint} i thought they are releasing results

[13:30] {Threei}  no, that is assigned for March 4

[13:30] {Threei}  unless they changed their minds again

[13:30] {Threei}  sorry, May 4

[13:30] {vint} got it ,thanks

[13:30] {Threei}  assumption is, methodology will give clues to how test results will look

[13:31] {vinod} this is like waiting for new baby to arrive

[13:31] {Threei}  which of course is wide open to interpretations

[13:31] {Threei}  what just hap[p[ened?

[13:31] {nemo} ehhhh....maybe...pullback?

[13:31] {Threei}  outlook to stay weak; downside risks to growth remain.

[13:31] {Threei}  - G-7 committed to ensuring key financial istitutions are sound

[13:31] {Threei}  too sharp for simply pullback

[13:31] {nemo} prez must be speaking

[13:33] {Threei}  CHRYSLER'S LENDERS DISCUSSING SECOND OFFER WITH THE US TREASURY - WSJ

[13:34] {nemo} db on wfc?

[13:34] {Threei}  worth trying

[13:34] {Threei}  .10 support

[13:35] {magoo} not against futes imo

[13:35] {nemo} got a point mags

[13:37] {nemo} fas holding

[13:37] {Threei}  US REP FRANK: GOVT SHOULD ALLOW JPM AND GS REPAY TARP

[13:38] {Threei}  you don't say

[13:38] {vinod} someone leak test or what?

[13:39] {nemo} got volume spike on WFC two minutes ago

[13:47] {Threei}  Prez on TV

[13:47] {nemo} so the pullback was the tell

[13:53] {nemo} what if WFC loses 21?

[13:54] {Threei}  let's wait for those guidelines to be published, then try to gauge rteaction

[13:55] {nemo} these things have got to be marketing pieces

[14:00] {Threei}  *TREASURY STRESS TEST ASSUMPTIONS: BANKS TO BE TOLD TO HOLD BUFFER FOR LOSSES THROUGH 2011

[14:00] {dino} after 2011, told "go crazy"

[14:01] {Threei}  - Notes that banks own estimates are not in line with those of regulators

[14:01] {Threei}  - No details on how stress tests will be released

[14:01] {Threei}  - Banks asked to reaise capital should not be viewed as insolven

[14:02] {wulff} quite a spike in FAS

[14:03] {Threei}  eeck

[14:03] {Threei}  poor initial sellers

[14:03] {Threei}  or shorters

[14:03] {nemo} trade this

[14:04] {Threei}  [13:31] {Threei} which of course is wide open to interpretations

[14:04] {wulff} Look at its volume

[14:05] {Threei}  - Market turbulence has substantially reduced reserves; most banks have capital 'well in excess' of well capitalized levels

[14:05] {Threei}  - Focus on common equity does not imply a new capital standard; no figures provided{

[14:07] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=au8cyqeJFifg

[14:09] {magoo} AMZN starts to crack vad

[14:09] {Threei}  come on mags

[14:09] {Threei}  this is a mess

[14:09] {Threei}  why would tou want to jump into this sharp seesaw

[14:09] {nemo} looks like my last relationship

[14:10] {nemo} Vad, do you really have to ask?

[14:10] {magoo} why u picking on me? i have bothered u today

[14:10] {magoo} if IF mkts retreats, no way is AMZN staying up 5

[14:11] {Threei}  hmmm

[14:11] {nemo} I'm not picking on you...

[14:11] {Threei}  bexcause I enjoy it?

[14:11] {magoo} alrighty then..just so i understand lol:)

[14:11] {Threei}  yeah, just ask :)

[14:11] {magoo} 30 cents since i menbtioned

[14:12] {vinod} :O

[14:13] {nemo} wouldn't it be funny if finnies go negative

[14:13] {Threei}  CNBC'S LEISMAN: ASSUMPTIONS RELEASED LACK DETAILS BECAUSE GOVT MAY NOT WANT WALL STREET ANALYSTS TO RUN ESTIMATES BEFORE BANKS CAN RESPOND TO THE GOVT OVER THE STRESS TEST RESULTS

[14:13] {nemo} Or, they lack details because there are no tests  :)

[14:14] {Threei}  or, because no one understands what those results mean

[14:14] {vinod} so, what happen to test test buy-sell or hold bank stock

[14:14] {Threei}  stay on a sideline, wait for the inirtial emotions to calm down

[14:14] {Threei}  then look for new setups

[14:14] {Threei}  why would you want to gamble on what no one in whole world has no slightest idea about?

[14:15] {Threei}  this has nothing to do with trading

[14:15] {vinod} thanks to all I got to go to work

[14:15] {nemo} it's like playing 5 card black jack draw

[14:16] {magoo} have good weekend v

[14:16] {vint} bye vinod

[14:16] {nemo} cya vinod

[14:20] {nemo} quote server vad?

[14:22] {Threei}  8

[14:26] {Threei}  STU

[14:26] {Threei}  US PRESIDENT OBAMA SEEKING TO 'BATTLE' PRIVATE LOAN COMPANIES ON STUDENT LOAN PROGRAMS - BOSTON.COM

[14:26] {Threei}  - Reiterating that the private loan programs cost the US $5B/year{NNI SLM FMD}

[14:29] {wulff} FITB beak

[14:29] {wulff} break

[14:32] {Threei}  kind of in the middle of everything, wulff

[14:33] {Threei}  I don't see a play on it

[14:33] {wulff} .86 long

[14:34] {Threei}  WHITE HOUSE PRESS SEC GIBBS: EXPECTING SOME BANKS TO RELEASE STRESS TEST DATA

[14:34] {laserdave} are they going to realease it now?

[14:34] {Threei}  no one knows

[14:35] {Threei}  initially they said May 4

[14:35] {Threei}  - some banks will release own results while government will release some data as well{

[14:35] {nemo} looking at the finny reactions that announcement meant a whole lot of nothin'

[14:35] {Threei}  WHITE HOUSE PRESS SEC: ASSUMING AN ANNOUNCEMENT ON AUTOMAKERS NEXT WEEK; GOVT PLANNING FOR ALL CONTINGENCIES

[14:36] {Threei}  what an incredible mess

[14:36] {Threei}  my take:

[14:36] {Threei}  This is meaningless blather. Those are meaningless tests. Anyone can make anything out of this text, and test results themselves will be just as meaningless.

[14:36] {Threei}  There is some framework within which they constructed those tests and their interpretations. That framework is purely abstract and arbitrary - another set of people would construct it differently.

[14:36] {Threei}  It means that after initial hoopla dies down and dust settles, it all won't matter a bit. All those tests are colossal waste of time and effort and public focus.

[14:37] {nemo} [13:55] {nemo} these things have got to be marketing pieces

[14:39] {wulff} last chance

[14:39] {nemo} what wulff? fitb?

[14:39] {wulff} yes

[14:40] {nemo} looks good but you're due for a pullback here

[14:40] {wulff} whetever

[14:41] {nemo} Vad, what if Fitb holds up during this FAS pause?

[14:42] {nemo} you in Wulff?

[14:42] {Threei}  it's as valid play as any other financial

[14:42] {wulff} yes

[14:43] {Threei}  Pontiac to be weeded out but Buick stays?

[14:43] {wulff} huh-hum

[14:43] {nemo} stop wulff?

[14:44] {wulff} .80

[14:45] {wulff} FAS you dog

[14:45] {Threei}  so let's see

[14:45] {Threei}  all that selloff as if something groundshaking happpened

[14:45] {Threei}  and now market makes new highs?

[14:46] {Threei}  any chance you would get it right if you tried to trade those announcements?

[14:47] {vint} it was very tempting while watching long candles

[14:47] {vint} red and green candles-very confusing however

[14:48] {Threei}  14:05 - 14:13

[14:48] {Threei}  out of those red candles

[14:48] {Threei}  how would you determine which one to buy?

[14:49] {nemo} which stock?

[14:49] {Threei}  FAS

[14:49] {Threei}  selloff didn't run out of gas until reached ober 60 cents

[14:50] {Threei}  you could try entry at 8.2

[14:50] {Threei}  then at 8

[14:50] {nemo} wasn't major difference in volume at the bottom

[14:50] {Threei}  nope

[14:50] {Threei}  only 7.80 finally produced bottom,

[14:51] {Threei}  now

[14:51] {Threei}  what are the chances that having your fingres cut off on first two tries you would go for a third oneZ?

[14:51] {nemo} 0

[14:51] {vint} 0

[14:51] {Threei}  and even if tyou did,

[14:51] {Threei}  how long would you hold it?

[14:51] {nemo} I wouldn't have fingers to push the buttons

[14:51] {Threei}  7.80 in, 7.95 out?

[14:52] {Threei}  would it even cover losses of first two stops?

[14:52] {Threei}  that's how those tempting big red candles kill you

[14:52] {Threei}  entry is clear only in rear window

[14:53] {vint} this happens in opening also

[14:53] {vint} first few minutes

[14:54] {Threei}  that's why I sually skip them and wait for the opening range to establish itself

[14:54] {Threei}  then go for break of it

[14:54] {larisa} whats sually ?

[14:54] {vint} so announcement like this is like opening moments..crowd emotion

[14:54] {wulff} i.e. FITB

[14:54] {nemo} nice larisa

[14:55] {larisa} vadism :)

[14:55] {Threei}  larisa... "sually" is usually typed with my exceptional typing skills

[14:55] {larisa} i know

[14:55] {Threei}  and you, with multiyears of reading Threeish, should really know better

[14:56] {Threei}  eqzaktly vint

[14:56] {Threei}  it's a common phrase: trade big news events as opening

[14:57] {vint} how insightful! wish i knew it before..slow learner

[14:57] {Threei}  usually applied to FOMC rate decisions

[15:01] {wulff} you think FAS breaks high or low?

[15:01] {wulff} can't decide

[15:01] {Threei}  price configuration says high

[15:01] {Threei}  volume says wait a minute

[15:01] {Threei}  it's a toss

[15:02] {nemo} It's Friday

[15:02] {wulff} throw something

[15:02] {Threei}  I still have inclination toward high

[15:02] {Threei}  buit that's my general bias talking

[15:03] {Threei}  I've been bullish for what now, 3 weeks?

[15:03] {Threei}  and this last one everyone else was bearish

[15:03] {Threei}  I think I was the lone bull

[15:03] {Threei}  no cow in sight

[15:04] {dptl} lol

[15:04] {Threei}  remember those big red days

[15:04] {Threei}  when I was saying it's just a pullback before resumption?

[15:04] {Threei}  every single time that was what happened

[15:05] {Threei}  so, it's kind of hard for me to change out.,ook,

[15:05] {Threei}  as a trend following trader I stay with trend direction until it's proven to break

[15:05] {Threei}  so far it's not

[15:06] {vint} nyse advancing issues up 30% but volume dn 10% ..hope i'm reading correctly

[15:06] {vint} no clue..those are the reading from my screens

[15:07] {wulff} WFC approaching 22

[15:07] {Threei}  why wouldn't it... everyone is trying to short it

[15:08] {wulff} and why would they...the news is out months ago

[15:09] {Threei}  instinct... short anything that isd "too high"... buy anything that is "too low"

[15:09] {Threei}  get killed

[15:09] {Threei}  repeat

[15:09] {Threei}  get killed again

[15:09] {Threei}  repeat

[15:09] {Threei}  'cause if you don't, how I, trend following trader will make my living

[15:10] {vint} so high is not high or low is not real low until it is proven so

[15:12] {Threei}  IMF OFFICIAL: LATIN AMERICAN ECONOMIES REACHING BOTTOM

[15:12] {Threei}  unless they keep digging

[15:13] {Threei}  well, there is a difference between high and The high

[15:13] {Threei}  if stocks didn't make new highs, where would trends come from?

[15:13] {Threei}  and if they do, what business does one have shorting each new high?

[15:14] {magoo} btw..everyday laserdave asks me what i think..everyday for 6 weeks i reply "UP"

[15:14] {magoo} so u not alone..im the cow he he

[15:14] {Threei}  ummm

[15:14] {nemo} I thought you were the horse's...

[15:14] {Threei}  may I think of you as another bull?

[15:15] {vint} i thought we had only bulls bears and pigs

[15:15] {vint} cow, horse??

[15:15] {nemo} trans-bull vint

[15:15] {Threei}  we are broadening our limits

[15:16] {Threei}  and trying to be inclusive

[15:16] {vint} any set up to watch vad?

[15:16] {magoo} ravens

[15:16] {Threei}  this pullback on WFC into .50 was tempting...

[15:16] {Threei}  I hesitated

[15:17] {Threei}  too big chance to get hurt on these hectic moves

[15:17] {vint} even FAS seemd so to me

[15:17] {Threei}  a lot of repositioning happens ahead of weekend

[15:21] {Threei}  watch WFC for double bottom

[15:21] {magoo} see, this mkt will NOT let anyone in

[15:21] {magoo} STRONG

[15:22] {larisa} double top you mean ?

[15:22] {larisa} got confused 

[15:22] {Threei}  no, double bottom at .50

[15:23] {larisa} k

[15:23] {magoo} watching BAC too

[15:23] {Raven} {}

[15:23] {magoo} R

[15:23] {magoo} A

[15:23] {magoo} V

[15:23] {magoo} E

[15:23] {magoo} N

[15:24] {Raven} I'm always watching you magoo

[15:24] {Raven} except when I am slacking

[15:25] {magoo} :)

[15:25] {magoo} so u saw that eh? 

[15:25] {Raven} I see all

[15:25] {Threei}  uh oh

[15:25] {Raven} degenerates

[15:27] {Threei}  larisa

[15:27] {nemo} wulff, still in fitb

[15:27] {Threei}  raven calling me names

[15:27] {wulff} no

[15:27] {Threei}  {Raven} actually... I am calling degenerates names

[15:27] {wulff} got bored with it

[15:28] {Threei}  prfitably bored?

[15:28] {Raven} prfitably ... sigh'

[15:29] {Threei}  hey... magoo's typing is even worse

[15:29] {wulff} if you call .04 profit

[15:29] {Threei}  depends on shares...

[15:29] {magoo} hery..ive breen taking clases

[15:29] {Raven} but I expect it from magoo

[15:29] {Threei}  10K little bugers as ese says...

[15:29] {wulff} I am no ese

[15:32] {Threei}  LVS

[15:32] {Threei}  .35 for a scalp

[15:32] {Threei}  if stays above .30

[15:33] {dptl} in

[15:33] {nemo} in

[15:34] {Threei}  WFC almost 22

[15:35] {Threei}  3 cets shy

[15:36] {nemo} stopped

[15:37] {dptl} stopped

[15:37] {vint} stopped

[15:37] {Threei}  G24 TO REPORTEDLY EVALUATE CHINESE PROPOSAL ON SDR (SPECIAL DRAWING RIGHTS)

[15:41] {dptl} lvs one more try?

[15:42] {Threei}  .30 break was it if you wanted ity

[15:42] {Threei}  with stop under .25

[15:42] {dptl} i see

[15:42] {magoo} in

[15:43] {nemo} in what mags?

[15:43] {magoo} lvs

[15:47] {dptl} same set up again?

[15:48] {magoo} out .34 ty

[15:51] {Threei}  wow

[15:51] {nemo} fas

[15:51] {Threei}  and WFC

[15:51] {nemo} wfc

[15:51] {nemo} friday profit taking

[15:53] {dptl} oh well...ok have good weekend all 

[15:54] {nemo} u2

[15:54] {Threei}  take care dp

[15:55] {Threei}  sheesh

[15:56] {Threei}  wat an amazing volatility

[15:56] {magoo} yea

[15:56] {magoo} so predictable

[15:56] {Threei}  almost dollar down

[15:56] {Threei}  predicatable?

[15:56] {magoo} thesell off

[15:56] {Threei}  have you shorted WFC near 22?

[15:56] {magoo} no

[15:56] {Threei}  or FAS near 8.80?

[15:56] {Threei}  then don't tell me it ws predictable :)

[15:57] {jfjf64} lol

[15:57] {Threei}  okay guys

[15:57] {magoo} i was saying it to dino..watch out we could crash{is all i meant} like yesterday

[15:57] {magoo} or wed

[15:58] {Threei}  whatever... to me, predictable is tradeable

[15:58] {Threei}  if it's not actionable information, it's meaningless

[15:58] {magoo} i know , u win

[15:58] {Threei}  I do?

[15:58] {Threei}  wait

[15:58] {Threei}  wrong intonation

[15:58] {Threei}  I do!

[15:58] {Threei}  okay folks, thank you all

[15:58] {Threei}  not bad day for a Friday,

[15:59] {Threei}  and all those news pieces

[15:59] {vint} thanks, vad

[15:59] {Threei}  ruining the chart

[15:59] {wulff} this bounce is so predictable

[15:59] {larisa} see you later :)

[15:59] {magoo} TY BOSS

[15:59] {Threei}  hehe wulff

[15:59] {jfjf64} ty

[15:59] {magoo} have good weekend

[15:59] {Threei}  have a great weekend

[15:59] {dino} holding blud and nflx over

[15:59] {Threei}  see you all on Monday

[15:59] {fernp} ty Vad. have a good weekend all

[15:59] {wulff} bye all

[16:00] {magoo} ty everyone

Apr 23 2009

Very nice start of the day, not much activity in second half. Just one stop, the rest worked like charm. All usual suspects: WFC, FAS etc. 

Session Time: Thu Apr 23 00:00:00 2009

[07:34] {ese} good morning....anybody hangin

[07:35] {Threei}  wow

[07:35] {Threei}  really sleepless soul eh?

[07:36] {ese} morning vad.....can we dcc

[07:36] {Threei}  sure

[07:54] {magoo} morn

[07:55] {magoo} can anyone get into lasr yet?

[07:56] {vinod} good moring to all. let make a great day

[07:56] {magoo} v:)

[08:02] {Threei}  magoo, vinod :)

[08:02] {nemo} haroo

[08:02] {magoo} vadf

[08:02] {Threei}  nemo :)

[08:02] {magoo} vad:)

[08:02] {magoo} nemo:)

[08:02] {magoo} can u log into laser?

[08:02] {Threei}  hmmm... I get swore at so early in the morning

[08:02] {nemo} mags

[08:02] {Threei}  no

[08:03] {magoo} ok..thought my side

[08:03] {magoo} lol

[08:06] {magoo} in now

[08:07] {nemo} I open LASER and it automatically tries to log me in and gives me "Invalid User" I hit "ok" and it closes the application.  Doesn't even give me an opportunity to log in again

[08:07] {Threei}  that's personal magoo

[08:07] {Threei}  it hates you

[08:08] {Threei}  sorry, nemo

[08:08] {Threei}  just let me in too

[08:09] {Threei}  nice gaps

[08:09] {Threei}  FITB is happy

[08:09] {Threei}  FAS too

[08:09] {Threei}  what was end of day drop about yesterday?

[08:09] {Threei}  some news or just because?

[08:10] {magoo} no news

[08:10] {Threei}  okay

[08:10] {magoo} just droppedd to screw magoo

[08:11] {Threei}  but you stayed safe and didn't let it, right?

[08:11] {magoo} no..crushed me

[08:11] {Threei}  seriously?

[08:11] {magoo} yea

[08:11] {magoo} was long

[08:12] {Threei}  stops?

[08:12] {magoo} blown

[08:12] {magoo} was up too at 3

[08:12] {magoo} dead at 4

[08:13] {Threei}  come on... you really know better than blow the stops

[08:13] {magoo} i know

[08:13] {magoo} but it happens sometimes

[08:14] {magoo} had 6 day win streak going 

[08:14] {magoo} CRUSHED

[08:14] {magoo} you've wrote about that subject

[08:15] {Threei}  professionalism is consistency...

[08:15] {magoo} yup

[08:16] {magoo} but hey. letting room know truth..so they not only see magoo win side

[08:16] {magoo} 6 up days....CRUSHED

[08:16] {Threei}  that's the road to the cure...

[08:16] {Threei}  just hate to see it

[08:17] {magoo} now..on pos note..held 400 sh aapl overnite @ 124.40

[08:17] {Threei}  ok, last question and I'll shut up

[08:17] {magoo} i bounce back better than TIGGER the TIGER

[08:17] {Threei}  the loss didn't exceed the wins of the winning streak?

[08:18] {magoo} my first hold in 16 months

[08:18] {magoo} no

[08:18] {Threei}  okay

[08:18] {magoo} but im telling u CRIUSHED

[08:19] {magoo} big enough that u'd faint

06[08:19] * Threei slaps magoo around a bit with a large manual titled Safety in the Markets

[08:19] {magoo} but i had HUGE win sstreak

[08:19] {Threei}  I don't want to know

[08:19] {magoo} u know magoo.......

[08:20] {magoo} but lets get to work

[08:20] {magoo} thhoughts AAPL?

[08:20] {Threei}  it's above the last resistance 125

[08:20] {Threei}  meaning uncharted territory

[08:20] {Threei}  meaning, no one knows

[08:21] {magoo} out 126.60..+ 2.20

[08:22] {magoo} may reload later

[08:22] {magoo} need to bank it

[08:22] {magoo} good start:)

[08:23] {magoo} crazy b*stard huh}???

[08:23] {Threei}  you?

[08:23] {Threei}  certainly

[08:24] {magoo} yea

[08:24] {Threei}  but that's magoo we come to know and like

[08:24] {Threei}  or dislike

[08:26] {magoo} u ever anomously reference me at seminars he he?

[08:26] {magoo} probably write a chapter on me

[08:27] {magoo} good out aapl

[08:28] {nemo} I know some psychiatrists that would love to do a case study on you

[08:29] {nemo} You mags, not Vad...there's no hope for him

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 640K V 640KE,

[08:30] {Threei}  CONTINUING CLAIMS: 6.137M V 6.120ME

[08:30] {magoo} thats why i exited..the number risk

[08:31] {Threei}  this is a good test

[08:31] {Threei}  if market shakes it off, and I think it will, we have new leg for a rally

[08:32] {nemo} futures are liking it

[08:32] {Threei}  hmm?

[08:32] {Threei}  what futures are you looking at? :)

[08:33] {nemo} DOW

[08:34] {magoo} ACOR up huge vad..news?

[08:35] {patience} good morning RT  :)

[08:35] {magoo} patience:)

[08:35] {patience} magoosky!   good morning   :)

[08:36] {Threei}  patience :)

[08:36] {Threei}  UPDATE: RESUBMITTED NEW DRUG APPLICATION FOR FAMPRIDINE-SR FOR MULTIPLE SCLEROSIS

[08:37] {ese} morning all

[08:37] {fernp} Hello everybody

[08:37] {Threei}  ese, fern :)

[08:39] {Threei}  FITB CEO: SEEING SOME SIGNS OF OPTIMISM COMPARED TO THE LAST 4 OR 5 QUARTERS - CONF CALL COMMENTS

[08:40] {pita} to quote magoo "a'dlkgjaoirjy"

[08:40] {Threei}  lol pita

[08:40] {Threei}  our lunacy rubs off eh?

[08:41] {pita} its wonderful

[08:43] {Threei}  BAC

[08:43] {Threei}  CNBC REPORTS THAT US FED CHIEF BERNANKE DID NOT PRESSURE CEO LEWIS TO KEEP QUIET ON LOAN LOSSES AT MERRIL LYNCH

[08:43] {pita} perhaps amusing is a better word choice

[08:44] {magoo} he he..pita gave it a second thought

[08:45] {pita} not a whole second

[08:45] {magoo} so shes not quite assylum ready vad

[08:45] {Threei}  she?

[08:46] {pita} past ready - pita's a he - PITA = Pain In The Ass

[08:46] {magoo} fitb has a gap to fill higher @ 4.79

[08:47] {magoo} oops

[08:47] {magoo} apoligize

[08:47] {pita} not necessary

[08:47] {pita} where's the gap?

[08:51] {ese} i'm definately looking at that mags

[08:51] {ese} would love to see it go there 4.79 fitb

[08:52] {pita} how do you play that?  Not much of a gap...

[08:54] {pita} are we talking 4/20 morning open?

[08:56] {ese} fitb's numbers were good this morning....beat the street handily....should climb

[08:56] {cosmo} LOGI pre mkt recovery high = 10.41  so far

[08:56] {dptl} good morning all

[08:57] {Threei}  dp :)

[08:57] {magoo} 5 day chartshows gap mr. pita

[08:59] {pita} :)  sm gap, i see

[09:00] {dino} gm all

[09:00] {magoo} aapl has a way of making u feel stupid

[09:01] {magoo} now i hate my exit :)

[09:01] {Threei}  dino :)

[09:02] {ese} deeeeeeeenooooooo

[09:03] {dino} wow

[09:05] {ese} anybody got a read on financials this morning

[09:06] {Threei}  just up and down with market

[09:07] {tomg} good morning all

[09:08] {Threei}  tom :)

[09:09] {Threei}  (US) FITCH: US HOUSE PRICES TO FALL ANOTHER 12.5% BEFORE FINDING A BOTTOM

[09:09] {Threei}  - U.S. home prices will fall an additional 12.5% from 2008's year end values before exhibiting more stability in late 2010, according to Fitch Ratings.

[09:09] {Threei}  - This forecast reflects a reversion to early 2002's prices.

[09:09] {Threei}  - Currently, prices are hovering around levels seen in mid 2003.

[09:09] {Threei}  - To date, national home prices have declined by 27%

[09:11] {vinod} I expect more choppy trading

[09:18] {cosmo} NUVA:  NuVasive posts narrower Q1 loss, ups 2009 viewat Reuters(Wed 6:21pm)

[09:18] {dino} nuva

[09:18] {dino} opps

[09:19] {dino} seems a bit much

[09:19] {dino} acor

[09:19] {dino} rsh

[09:27] {pita} watch list?

[09:27] {Threei}  usual suspects

[09:27] {Threei}  want to skip first minutes

[09:27] {nemo} I've heard that before :)

[09:31] {jfjf64} gm on

[09:31] {magoo} GE smoked vad

[09:31] {dino} ilmn sm l .50

[09:31] {dino} wide

[09:31] {Threei}  jf :)

[09:32] {Threei}  FDIC'S BAIR: HOPING TO HAVE INITIAL PLAN FOR LEGACY LOANS SALE PROGRAM BY JUNE

[09:32] {Threei}  {XLF}

[09:32] {nemo} legacy loan....nice euphemism

[09:32] {Threei}  WFC, watching for long if pulla back into .70 - .80 area

[09:32] {dino} stop to .91

[09:33] {magoo} aapl bounce somewhere vad?

[09:34] {dino} out .95, +.45

[09:34] {dino} reverse slip

[09:34] {Threei}  WFC getting there, want one more leg down

[09:34] {magoo} MS crushed vad

[09:35] {dino} nuva

[09:35] {ese} faz....is pissing me off.........L fitb 4.01   and the faz is driving it down

[09:35] {dino} s sm .08

[09:35] {Threei}  in .81

[09:35] {Threei}  wow... that was fast

[09:35] {Threei}  taken out at .99

[09:36] {magoo} missed

[09:36] {nemo} yep

[09:36] {fernp} too fast missed

[09:36] {dino} bstop to .28

[09:37] {Threei} Long Setup:  JPM  .20 half lot

[09:37] {nemo} stop

[09:37] {Threei}  stop under 32

[09:37] {nemo} stop?

[09:38] {dptl} in .23

[09:38] {magoo} in .20

[09:38] {nemo} in

[09:39] {Threei}  1:1

[09:39] {magoo} out .43 TY 

[09:39] {dptl} out .43 ty

[09:39] {fernp} out TY

[09:39] {Threei}  welcome

[09:39] {jfjf64} ty

[09:39] {tomg} ty vad

[09:39] {Threei}  LVS, what's up again

[09:40] {nemo} all out .50 ty

[09:40] {Threei}  :)

[09:40] {magoo} news

[09:40] {dino} nuva to b/e

[09:41] {dino} stopped +.05

[09:43] {magoo} lvsshort vad

[09:44] {Threei}  why?

[09:44] {dino} t l hl .95, stop lod

[09:45] {magoo} look why

[09:45] {magoo} red candle

[09:45] {Threei}  market red candle, LVS just follows

[09:45] {Threei}  no setup on its own

[09:46] {Threei}  and pointing to what happened later doesn't really answer question about reason, does it? {G}

[09:47] {vinod} out jpm 32.54 i am slow

[09:47] {Threei}  scary thing on quick morning plays on such volatile stock...

[09:48] {nemo} yeah that WfC play, wow...shoulda' entered onthe double bottom around 74, but such a fast play

[09:48] {vinod} i got to be careful because of work

[09:48] {Threei} Long Setup:  MS  half lot .45 break

[09:48] {jfjf64} fast fast

[09:49] {Threei}  that was my entry idea, nemo

[09:49] {nemo} in

[09:49] {dptl} in .48

[09:49] {magoo} in .43

[09:49] {Threei}  stops:

[09:49] {Threei}  for scalpers under .35

[09:49] {Threei}  for normal traders under .30

[09:50] {Threei}  wow WFC... what happened there

[09:50] {Threei}  MS baby

[09:50] {Threei}  1:1 for normal player

[09:50] {fernp} out TY

[09:50] {Threei}  not even speaking of pesky scalpers

[09:51] {chinggis} TY 3i

[09:51] {Threei}  welcome guys

[09:51] {dptl} out .60 ty

[09:51] {Threei}  I will get yelled at immediately but you know I have to ask

[09:51] {Threei}  can I go home?

[09:51] {nemo} NO!!!!!!!!!!!!

[09:52] {Threei}  lol

[09:52] {nemo} there...feel better

[09:52] {Threei}  out MS in full

[09:52] {Threei}  .72

[09:52] {jfjf64} 3i   in the house!!!!!!

[09:52] {magoo} out .66 ty

06[09:52] * Threei slaps magoo around a bit with a large roll of cash

[09:52] {ese} I like that handle chinggis....but it should have been  Chaaaa.....chinggg....gis.....to imitate the ole cash register

[09:52] {nemo} last name Khan?

[09:52] {chinggis} nope

[09:53] {Threei}  that's Chengis Khan reference I'd guess?

[09:53] {ese} good one....high fives all around

[09:53] {nemo} yes...know him personally

[09:53] {chinggis} yes

[09:53] {Threei}  powerful man

[09:53] {nemo} forgot, what was his birth name...Temusan?

[09:54] {chinggis} Temujin

[09:54] {nemo} thanks

[09:54] {chinggis} np

[09:56] {jfjf64} you sd tk ya wife to lunch  more often     lol

[09:56] {nemo} roflol

[09:57] {Threei}  well... one fine day I'll get raw fish poisoning...

[09:57] {dino}  darn nuva too tight

[09:58] {Threei}  let's keep an eye on CAT

[09:58] {Threei}  trading idea is .45 long

[09:58] {Threei}  but I don't want to jump on it just yet

[09:58] {Threei}  want a bit more of consolidation, holding above .30 and most importantly, market establishing upward direction

[10:00] {Threei}  *MARCH EXISTING HOME SALES: 4.57MM V 4.65ME

[10:00] {Threei}  okay... CAT makes it easy for me

[10:00] {Threei}  invalidated :)

[10:00] {jfjf64} k

[10:00] {nemo} could be a short shaping up

[10:00] {Threei}  - Total Months of supply months 9.8M v 9.7 months prior

[10:00] {Threei}  - Median Existing Home Price: 175,200$ v $165,400 prior

[10:00] {nemo} on CAT

[10:01] {Threei}  well, that would be a .30 breakdown

[10:01] {Threei}  but at the moment it wasn't all that clear

[10:03] {nemo} an there she goes

[10:03] {Threei}  numbers came, killed the market and helped establish direction

[10:03] {dino} 7791, 1317, 826

[10:04] {dino} prices rising homes

[10:04] {dino} surprised w/foreclosures

[10:05] {dino} sm l txn .00

[10:06] {dino} idcc sm l .60

[10:08] {Threei} Long Setup:  FAS 

[10:09] {Threei}  .13 - .15

[10:09] {Threei}  stop under .10 for scalpers

[10:09] {Threei}  under 7 for day trade

[10:10] {Threei}  scalpers have 1:1

[10:10] {Threei}  day traders have 1:1

[10:11] {nemo} you're already home, Vad...don't ask again

[10:11] {Threei}  DNDN at it again

[10:12] {magoo} AMZN vad..take a look

[10:12] {magoo} out fas .34 TY

[10:13] {Threei}  don't know what to say about AMZN

[10:13] {magoo} make something up lol

[10:13] {Threei}  81 break is obvius idea but I don't have firm grip on that

[10:13] {Threei}  I personally will skip that

[10:17] {magoo} i took 81

[10:17] {magoo} ty

[10:18] {Threei} Long Setup:  WFC  .45 break

[10:18] {magoo} out here .26

[10:18] {magoo} ty

[10:19] {magoo} in wells

[10:19] {Threei}  stop under .35

06[10:23] * Threei kicks WFC in the rear

[10:24] {Threei}  half out .57

[10:24] {dptl} out +.10 ty

[10:24] {nemo} out

[10:24] {Threei}  me getting greedy on Wells Fargo

[10:24] {Threei}  maybe pesky scalpers win again...

[10:25] {pita} out +.10 ty

[10:25] {Threei}  but there is some serious strength in this one

[10:25] {Threei}  want to give it a chance

[10:25] {dptl} it goes to 20 :)

[10:25] {nemo} dp is channeling mags

[10:25] {magoo} out here .63 TY

[10:26] {Threei}  that's from lala land... for now just trailing stop to b/e

[10:26] {Threei}  1/4 more out

[10:26] {Threei}  .65

[10:26] {Threei}  nemo

[10:26] {nemo} slipping vad...you didn't top tick

[10:26] {Threei}  please?

[10:26] {Threei}  can I?...

[10:27] {nemo} no

[10:27] {nemo} no

[10:27] {Threei}  sigh

[10:27] {nemo} no

[10:27] {magoo} allow me bosss.........

[10:27] {nemo} you left early yesterday

06[10:27] * magoo slaps nemo around a bit with a large trout

06[10:27] * magoo slaps nemo around a bit with a large trout

06[10:27] * magoo slaps nemo around a bit with a large trout

[10:27] {Threei}  so what... I had a lot of raw fish to eat

06[10:27] * nemo sticks out tongue because he ducked

[10:27] {Threei}  non of that trout btw

[10:28] {magoo} cAT

[10:29] {nemo} VAD  WFC looks like it might be setting up for a short

[10:31] {nemo} [10:29] {nemo} VAD  WFC looks like it might be setting up for a short

[10:32] {magoo} nice read nemo

[10:32] {Threei}  there is a point in repost or just bragging?

[10:32] {nemo} being an asshole

[10:32] {patience} hmmm....gold providing nice swings this week...good scalping opportunities vad, playing goldcorp, kinross

[10:33] {magoo} huh?

[10:33] {Threei}  let's compare notes than nemo... do you have to work hard on that or it comes to you naturally?

[10:33] {Threei}  for me it's very easy

[10:33] {nemo} You met me...what do you think...hmmmmmmmmm?

[10:33] {magoo} it comes easy for you vad to call me an asshole??

[10:34] {jfjf64} you guys too funnyyy

[10:34] {Threei}  you softened personal impression by that 5th jack daniels nemo {G}

[10:34] {Threei}  no magoo, but this does:

06[10:34] * Threei slaps magoo around a bit with a large trout

[10:35] {magoo} with a large trouts asshole lol

[10:35] {nemo} oh geeezzzz

[10:35] {Threei}  lol

[10:35] {magoo} CAT?

[10:35] {nemo} Guess Vinod had enough of the humor

[10:36] {magoo} feels like we missed it

[10:36] {Threei}  you think?

[10:36] {Threei}  lol

[10:36] {Threei}  didn't really see swtup on it

[10:37] {magoo} k

[10:40] {ese} does anyone here think that the market is moving in a bit more of an orderly fashion....no more violent swings like the last part of 09

[10:40] {ese} sorry 08

[10:40] {ese} or am i dreaming

[10:41] {nemo} vix is down significantly ese

[10:41] {dino} es, seems 200-300 dailies average dji, vs. 400-700

[10:41] {ese} yes.....just looked at it.....

[10:41] {dino} ranges

[10:41] {ese} and most of the stuff i'm following seems orderly

[10:42] {ese} ya ...thats a good way to look at it dino

[10:42] {dino} also s/p stuck in 825-875 range all month

[10:43] {ese} yes

[10:43] {dino} most likely fill fri gaps 1353 and 869, then down again to 1300 825 (800 gap )

[10:45] {magoo} SIGHHHHHHH

[10:45] {magoo} i miss the down 300 reversals to up 400 

[10:47] {_xangelx} lol

[10:49] {Threei}  you are too much of a gambler mags

[10:49] {Threei}  but then again... what else is new

[10:58] {nemo} stealth climbs in wfc fas jpm

[10:58] {dptl} .23 long fas? or .13 short?

[10:58] {nemo} against the indexes too

[10:59] {Threei}  long looks a bit more plausible to me, but it's like 51/49

[11:00] {nemo} need indexes?

[11:01] {Threei}  BARCLAYS MAKING POSITIVE COMMENTS ON SOLAR ENERGY NAMES

[11:01] {Threei}  C

[11:01] {Threei}  TO SHUT PRIVATE EQUITY FUND-RAISING OPERATION

[11:01] {Threei}  - WSJ

[11:01] {Threei}  wow

[11:08] {nemo} funny....look at last paragraph: http://www.ritholtz.com/blog/2009/04/the-power-of-tds/

[11:09] {nemo} hey mags, shouldn't you be doing something?

[11:14] {jfjf64} guess it was.13 shoert fas   lol

[11:14] {dino} v sm vmw l .10

[11:17] {pita} double bottom FAS?

[11:18] {Threei}  quite possible

[11:18] {Threei}  what I'd like to see to go for it would be:

[11:18] {Threei}  touch on .10, pulback,

[11:18] {Threei}  staying firmly above the low,

[11:19] {Threei}  desirable above .05

[11:19] {Threei}  couple min of consolidation,

[11:19] {pita} roger that

[11:19] {Threei}  then break of .10 for long entry

[11:20] {Threei}  so far so good

[11:21] {pita} missed or pullback?

[11:22] {Threei}  don't chase but if pulls back into buy zone, take it

[11:22] {Threei}  US LIGHT VEHICLE SALES DOWN 33% SO FAR IN APRIL Y/Y

[11:22] {Threei}  really?

[11:23] {Threei}  I thought it were SUVs and tracks that constituted the problem

[11:23] {Threei}  1:1 FAS

[11:23] {nemo} what?

[11:23] {Threei}  who took it take profit

[11:23] {Threei}  what what?

[11:23] {nemo} did you take it Vad?

[11:23] {Threei}  yes

[11:24] {nemo} I thought you were looking for pullback?

[11:24] {Threei}  ummm

[11:24] {pita} moved too fast 

[11:24] {Threei}  did you watch the stock?? :)

[11:24] {jfjf64} ummm

[11:24] {nemo} obviously not well enough

[11:25] {Threei}  it moved a few times between .06 and .09

[11:25] {ese} signing off for an hour or so....have to teach a class...... see ya

[11:25] {Threei}  consolidation was not as long as I'd like it to be

[11:25] {Threei}  take care ese

[11:25] {Threei}  so it made it kind of discretionary

[11:25] {Threei}  and limited potential to scalp only

[11:25] {fernp} I took BAC following your FAS indications. +.10 TY

[11:26] {Threei}  that's hwy no half out, just straightforward take profit call

[11:26] {jfjf64} well understood

[11:26] {Threei}  fern :)

[11:26] {Threei}  BAC pretty much mirrored same scenario, yeah

[11:27] {nemo} WFC has broken range

[11:32] {Threei}  Off topic:

[11:32] {Threei}  The only thing worse than an idiot is an idiot with initiative

[11:33] {nemo} prez speaking again?

[11:33] {Threei}  lol... not that I know

[11:35] {fernp} lol

[11:40] {Threei}  Study says memory improves on rainy days. People score significantly hgiher on memory tests on rainy cloudy days that they do on bright sunny days.

[11:40] {Threei}  now... when was the last rainy day, I can't remember...

[11:40] {nemo} is that the "idiot with initiative" reference?

[11:41] {Threei}  no

[11:41] {Threei}  unrelated

[11:41] {nemo} who's the "idiot"?

[11:41] {Threei}  gosh... there are so many of them, why don't you pick your own candidate

[11:42] {nemo} I was referring to your comment...you obviously had someone in mind?

[11:42] {Threei}  it's not like we have such short supply of those that you need me to pount out specific one

[11:42] {nemo} fine

[11:42] {Threei}  consider it thinking out loud...

[11:43] {Threei}  but I guess the e-mail that provoked that line of thought was the one I got

[11:43] {Threei}  comparing anti-crisi action of two administrations

[11:43] {Threei}  let me copy

[11:43] {Threei}  Old face had no idea what to do, realized that and tried to do as little as possible. New face has no idea what to do, doesn't realize that and tries to do a lot.

[11:44] {dino}  ands

[11:44] {Threei}  looks like direction is getting established

[11:45] {Threei}  still a bit iffy but if you are itching for action,

[11:45] {Threei}  WFC pullback into .20 should be a long entry

[11:46] {Threei}  FAS .20 break worth a try if stays above .15

[11:48] {dptl} wfc stop would be .15?

[11:49] {Threei}  you in?

[11:49] {dptl} no not yet

[11:49] {Threei}  can't tell in advance, I need to see how it sets up

[11:49] {Threei}  if it does

[11:49] {dptl} ok

[11:50] {Threei}  IMF'S STRAUSS KAHN: COULD DISCUSS SDR IN NEAR FUTURE; STILL WORKING ON ALLOCATIONS

[11:50] {Threei}  who pays his salary?

[11:50] {dptl} fas still valid?

[11:51] {Threei}  not until it goes through new consolidation

[11:55] {dptl} in fas

[11:55] {nemo} FITB?

[11:56] {Threei}  no read

[11:57] {dptl} nope stopped

[11:57] {nemo} indices keeled over

[11:58] {Threei}  CME

[11:58] {Threei}  COMPETITION WITH ICE OVER CDS CLEARING IS NOT YET OVER

[11:58] {Threei}  {ICE}

[12:02] {jfjf64} vad   still  wfc bounce off .20

[12:03] {jfjf64} i was away from computer

[12:05] {Threei}  not sure

[12:05] {Threei}  things slowed down too much

[12:10] {nemo} anybody awake?

[12:11] {Threei}  why?

[12:11] {Threei}  or, what for?

[12:16] {dino}  zzzzzzzzzzzzzzzzzzzz

[12:22] {nemo} what happened

[12:23] {Threei}  no idea, don't see anythbing anywhere

[12:27] {jfjf64} zzzzzzzzzzz

[12:28] {nemo} financials aren't moving but WFC is

[12:28] {Threei}  WFC strength is remarkable

[12:29] {nemo} ohoh...there we go again

[12:29] {Threei}  scared yet?

[12:29] {nemo} oh yeah

[12:29] {Threei}  SENATORS DODD AND SCHUMER SEND LETTER TO BERNANKE SEEKING CREDIT CARD RATE FREEZE -CNBC

[12:29] {Threei}  - reminder: President Obama is meeting with credit card executives today at 1pmET

[12:29] {Threei}  you well should be

[12:30] {Threei}  and when you find out you start thinking in unison woth magoo too - that's it

[12:30] {nemo} yeah...those F#@$%!s jacked my rates a couple of weeks ago

[12:30] {jfjf64} smartest thing i heard   bout  time    crooks

[12:31] {nemo} Magoo...think like him....damn...I'll have to get a double barrel

[12:32] {magoo} or a compound bow

[12:32] {nemo} WFC short trap???

[12:32] {Threei}  so far, obviously

[12:33] {nemo} I mean right now...MMmmmhhhh....guess I'm going for your title

[12:33] {Threei}  don't

[12:34] {Threei}  I have enough competition from all the talking heads

[12:34] {Threei}  all I have left to me in the "stating the obvious" department is Sun ususlly rises in the morning and at East

[12:34] {nemo} Awwww....I can see the big "CO" sown on the front of my jersey now....what color is your cape?

[12:35] {magoo} feels like ive been sitting here for 4 1/2 hours

[12:35] {Threei}  you were

[12:35] {Threei}  that;s why it feels like that

[12:36] {nemo} guess it wasn't a trap

[12:36] {Threei}  FAS is questionable, but WFC pullback into .40 is probably worth a try

[12:37] {Threei}  wait

[12:37] {Threei}  news

[12:37] {Threei}  WFC REPORTED CALIFORNIA AG TO HOLD PRESS CONF LATER TODAY TO ANNOUNCE SUIT AGAINST WFC

[12:37] {nemo} so now it climbs

[12:37] {Threei}  no idea how significant it is

[12:43] {nemo} possible DT on WFC (not alcohol withdrawal related)

[12:52] {jfjf64} wfc??

[12:54] {nemo} am I back?

[12:57] {nemo} am I back?

[12:57] {magoo} nope

[12:59] {nemo} I have the strangest hallucinations...more psilocybin

[13:03] {_xangelx} you guys don't trade during lunch time?

[13:03] {nemo} less

[13:03] {_xangelx} oh

[13:04] {_xangelx} what time you guys start to trade again?

[13:04] {nemo} when the setups occur.  The ranges during lunch tend to be smaller, so the confidence lower.  You'll see more pullback plays during lunch than breakouts

[13:04] {magoo} when a valid setup appears, we trade

[13:05] {magoo} just happens lunch usually slow

[13:05] {nemo} Actually Magoo's probably trading right now

[13:06] {_xangelx} cool

[13:13] {dino} yes we do

[13:27] {nemo} WFC?

[13:28] {Threei}  feels to be preparing a new ssqueeze to me

[13:28] {Threei}  but I don't see a setup

[13:33] {Threei}  probably bounce-ready

[13:33] {Threei}  for a scalp

[13:33] {Threei}  .51 long if stays above .45

[13:35] {magoo} in

[13:36] {nemo} in

[13:41] {magoo} out

[13:41] {magoo} no like

[13:41] {Threei}  traitor

[13:42] {Threei}  holding nicely, maybe even worth more than scalp if moves

[13:42] {vinod} in.0.52

[13:42] {Threei}  need FAS to bounce finally

[13:43] {vinod} my stop is at 0.45

[13:43] {Threei}  just under

[13:44] {vinod} o.k change it to o.47

[13:44] {Threei}  even if all FAS does is just a move to .40, it should be enough for WFC to go to about .65 - .70

[13:44] {Threei}  huh?

[13:44] {Threei}  to .44 you mean?

[13:44] {dptl} lol

[13:44] {vinod} sorry made mistake now is 0.40

[13:45] {Threei}  EU'S ALMUNIA: EUROPE WILL SUFFER MORE IN THE SHORT TERM THAN THE US DUE TO CRISES; SHOULD NOT UNDERESTIMATE THE EUROPEAN STIMULUS THAT HAS ALREADY BEEN APPROVED

[13:45] {Threei}  - Notes that the US economy will react more quickly to the stimulus than the EU's economy

[13:45] {vinod} i did 2 very good trade here vad

[13:45] {Threei}  :)

[13:45] {Threei}  no worky WFC

[13:46] {vinod} well, there is always next one

[13:56] {chinggis} ebay?

[13:57] {Threei}  no read on it here

[13:57] {chinggis} ok ty

[13:58] {magoo} if IF mkt can rip up i like AMZN long

[14:00] {nemo} Mmmmmh, if ebay can't break that high, could be a good short considering how much it's already up the last two days

[14:00] {Threei}  (US) WHITE HOUSE ADVISOR VOLKER: REITERATES THAT THE US AND WORLD ARE EXPERIENCING A "GREAT RECESSION"

[14:00] {Threei}  - does not believe that some banks are "too big to fail."

[14:01] {Threei}  WHITE HOUSE ADVISOR VOLKER: I am very proud of this new term I just coined

[14:01] {nemo} GLW Vad

[14:01] {vinod} recession is recession what so great about it

[14:01] {Threei}  what about GLW?

[14:01] {Threei}  US PRESIDENT OBAMA: CREDIT CARD INDUSTRY SHOULD ISSUE 'PLAIN VANILLA' CREDIT CARDS; NEED MORE PROTECTION FOR CONSUMER WITH MORE OVERSIGHT

[14:01] {vinod} GLW i have plenty of that

[14:02] {nemo} guess that answers it

[14:02] {nemo} Oh yeah, your wife

[14:02] {Threei}  US ADVISOR VOLCKER: SMALLER BANKS A 'GOOD IDEA'

[14:02] {nemo} Not sure I can disagree with Obama on that.  The interest rate isn't really the interest rate on those things

[14:06] {Threei}  US PRESIDENT OBAMA

[14:06] {Threei}  - Remarks that Congress will take action on abuses

[14:06] {Threei}  - Asks for ban on 'unfair rate increases'

[14:06] {Threei}  one thing I don't get

[14:07] {Threei}  are credit card issuers private businesses (well, public if they trade on exhcnages) or are they in any way under government control?

[14:08] {Threei}  whatever they do, fair or unfair, as long as it is legal - how can government tell busienss what to do?

[14:09] {Threei}  this precedent looks more dangerous to me than anything V or AXP could do

[14:10] {Threei}  you GM make these cars and not those; you AXP charge these rates and not those

[14:10] {Threei}  should I expect an order which stocks to call?

[14:10] {jfjf64} hmmmmm

[14:10] {Threei}  seriously, where does it end?

[14:11] {Threei}  US OFFICIAL: CONFIRMS BANKS TO RECEIVE STRESS SUPERVISORY RESULTS TOMMOROW

[14:11] {Threei}  - Notes that during comment period post release of results discussions may not include strength of banks and ability to repay TARP

[14:11] {nemo} the commisar's office

[14:17] {dino} wait until they say you can no longer sell stocks

[14:17] {dino} only buy

[14:17] {jfjf64} lol

[14:17] {Threei}  yup, that would solve problem with falling markets

[14:18] {jfjf64} mess

[14:19] {Threei}  WFC you bastard

[14:20] {vinod} buy stock on uptick only

[14:20] {jfjf64} here comes ya .70

[14:29] {Threei}  yeeeahh

[14:29] {Threei}  sigh

[14:30] {nemo} here's hoping for another 3:00 sleigh ride

[14:39] {magoo} .

[14:39] {nemo} wfc closes the gap

[14:42] {magoo} wtf

[14:45] {Threei}  BAC

[14:45] {dino} .

[14:46] {Threei}  pullback entry, .60 - .70 area for now

[14:46] {Threei}  will try to nail it more precisely if it gets there

[14:52] {wulff} anyone out there?

[14:53] {Threei}  only the truth

[14:53] {nemo} Thanks Mulder

[14:53] {magoo} and u cant handle the truth

[14:53] {Threei}  but it's out there

[14:54] {nemo} You want me on that wall!  You need me on that wall!

[14:59] {Threei} Long Setup:  HIG  .76

[15:00] {Threei}  NY FED: FED ASSETS AT DEC 2008 $2.25T V $1.33T Y/Y

[15:01] {nemo} Oh jeez

[15:01] {pita} BAC?

[15:02] {Threei}  can't tell yet... needs more selling it feels

[15:02] {Threei}  HIG invalidated

[15:02] {i2romantis} FITB is holding ground

[15:07] {Threei}  US TREASURY SEC GEITHNER TO REPORTEDLY COMMENT THAT WORLD NEEDS GROWTH NON DEPENDENT ON US CONSUMER

[15:07] {Threei}  can anyone take the mike from that guy?

[15:08] {dptl} have a good evening all

[15:09] {jfjf64} enjoy

[15:09] {Threei}  take care dp

[15:09] {magoo} bye dp

[15:13] {nemo} So, Vad, when do you think FAS will overtake FAZ again?

[15:14] {Threei}  shrug

[15:14] {nemo} shrug

[15:14] {Threei}  what makes you think I have anythought about that

[15:14] {nemo} BAC bottoming

[15:14] {nemo} That's why I asked

[15:19] {magoo} NUE clubbed

[15:19] {Threei}  do we get a repeat of yesterday?

[15:19] {nemo} instead of long anything, short anything?

[15:20] {Threei}  do ou see any short setups?

[15:20] {nemo} nah...that would be too easy

[15:20] {nemo} What's Dino's opinion?

[15:21] {dino} dk

[15:21] {nemo} wn?

[15:22] {Threei}  be back in 20

[15:22] {nemo} huh?

06[15:23] * Threei slaps nemo around a bit with a large trout

[15:24] {jfjf64} keep gettin kicked off server    lol

[15:27] {jfjf64} eveybody sleepin

[15:27] {nemo} no

[15:28] {jfjf64} k

[15:28] {cosmo} NTGR tests 14.99 ....often..

[15:28] {nemo} look at those sell orders stacked up against the bids...could be fakes

[15:29] {nemo} whaddya' think cosmo?

[15:29] {cosmo} nuttin

[15:29] {nemo} honey

[15:29] {cosmo} its....resistance

[15:30] {nemo} Great Wall of China

[15:30] {cosmo} no

[15:30] {nemo} just being hyperbolic

[15:30] {cosmo} could slip thru

[15:31] {nemo} they could be fakes

[15:31] {cosmo} always

[15:32] {nemo} worth it if Qs turn up and it breaks 15

[15:32] {cosmo} its waiting...yes

[15:32] {magoo} AXP risky reports

[15:32] {nemo} game cosmo?

[15:32] {magoo} long .70

[15:32] {magoo} thginking over 21

[15:33] {magoo} stop .43

[15:33] {nemo} ballsy mags

[15:33] {magoo} hmmmmmm

[15:34] {nemo} oy

[15:34] {nemo} Vad getting his hair done or something?

[15:34] {cosmo} hmmm

[15:34] {jfjf64} hmmmm

[15:35] {magoo} hhhhhhhhhmmmmmmmmmm

[15:35] {nemo} what?

[15:35] {cosmo} .89 stop

[15:35] {nemo} don't do it

06[15:35] * nemo ducks

[15:35] {nemo} look at that pileup @15

[15:36] {cosmo} its faked

[15:37] {nemo} when they report cosmo?

[15:37] {nemo} interesting

[15:38] {cosmo} you mean ... fundamentals?

[15:38] {nemo} earnings

[15:39] {cosmo} too much stress...

[15:39] {nemo} they reported yesterday

[15:39] {cosmo} ah ...yea .. they beat

[15:39] {nemo} those orders are staying

[15:39] {cosmo} see better ahead too

[15:40] {cosmo} wall too

[15:40] {magoo} axp held barely

[15:40] {magoo} strill in

[15:44] {magoo} 2:1 axp

[15:44] {magoo} still in

[15:45] {nemo} how do you get 1:2 on .70 w stp at .43 when the stock hits .95?

[15:46] {magoo} i never read vads book lol

[15:46] {cosmo} NTGR....melt down that wall!

[15:46] {nemo} ohhh

[15:46] {nemo} it keeps getting higher

[15:47] {magoo} i cxalled 21

[15:47] {nemo} you out?

[15:47] {magoo} nope

[15:47] {magoo} i may tho

[15:48] {magoo} grrrrrr

[15:48] {nemo} you've got a double top in stochastics, a tweezer top, and hanging cloud cover

[15:48] {magoo} and an earnings report

[15:49] {magoo} .97 exit

[15:49] {magoo} waiting

[15:49] {nemo} Well, AXP was paying people $300 to close their accounts

[15:50] {nemo} Vad's probably sitting there thinking, "listen to these idiots."

[15:50] {nemo} not you Dino

[15:50] {magoo} HEY

[15:51] {Threei}  WFC...

[15:51] {Threei}  does it or does it not

[15:51] {nemo} Sorry Mags...told ya

[15:52] {Threei}  starts looking like we gap up tomorrow

[15:52] {nemo} almost mags

[15:52] {magoo} .97 prints

[15:52] {nemo} out?

[15:52] {magoo} no

[15:52] {magoo} 21.11 wait

[15:53] {magoo} OUYTTTTTTTTTTTTT

[15:53] {magoo} OUT'

[15:53] {nemo} gj

[15:53] {magoo} 2:1???

[15:53] {magoo} [15:46] {nemo} how do you get 1:2 on .70 w stp at .43 when the stock hits .95?

[15:53] {magoo} [15:47] {magoo} i never read vads book lol

[15:53] {nemo} not quite

[15:54] {nemo} would have had to be .24

[15:54] {magoo} it printed 28

[15:55] {nemo} what did you get out on?

[15:55] {magoo} .11

[15:55] {magoo} +.41 right??

[15:55] {nemo} stock hit 1:2 you had a .27 stop

[15:55] {magoo} u confusing me

[15:56] {magoo} he he

[15:56] {Threei}  which shouldn't be too hard to do

[15:56] {nemo} [15:32] {magoo} long .70

[15:56] {nemo} [15:32] {magoo} thginking over 21

[15:56] {nemo} [15:33] {magoo} stop .43

[15:56] {magoo} did i majke a good call or WHAT?

[15:56] {nemo} absotutely

[15:57] {jfjf64} nice   magootraders.com

[15:57] {Threei}  WFC...

[15:57] {Threei}  this thing will be even higher tomorrow

[15:57] {Threei}  barring news of course

[15:57] {dino}   out vmw .90-.20

[15:57] {nemo} stress test results tomorrow

[15:57] {pita} Is that an overnight call?

[15:57] {Threei}  stree test May 4

[15:58] {Threei}  no pita

[15:58] {magoo} tomorrows may 4th??

[15:58] {dino} out idcc .90, +.30

[15:58] {magoo} f'in JPM

[15:58] {pita} Looking for a "bet the ranch" call - need to get even soon.  :)

[15:58] {magoo} missed

[15:59] {magoo} OY..never worx pita

[15:59] {magoo} TRUST ME

[15:59] {magoo} CRUSHED

[16:00] {magoo} DEAD

[16:00] {pita} yeah, I know only too well....

[16:00] {magoo} HATCHI

[16:00] {Threei}  okay guys, thank you all

[16:00] {magoo} VAD

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {magoo} amzn reports staty putr

[16:00] {pita} see u tomorrow.

[16:00] {Threei}  okay

[16:00] {magoo} plus others vad

[16:00] {magoo} 10 pointer 

[16:00] {magoo} careful..no way to tell

[16:01] {nemo} light volume day

[16:01] {magoo} i NOT IN AMZN..but bet u vad a big mac UP

[16:01] {fernp} Good evening all. see you tomorrow

[16:01] {nemo} gnite

[16:02] {magoo} DECK

[16:04] {Threei}  EPORTS Q1 $0.41 V $0.31E,

[16:04] {magoo} amzn WOW

[16:04] {magoo} saw 82

[16:04] {magoo} POW

[16:04] {Threei}  Guides Q2 Revenues $4.3B-$4.75B v $4.6Be; Guides Operating income $M{QQQQ EBAY}

[16:05] {Threei}  R$4.89B V $4.75BE

[16:05] {Threei}  Guides Operating income $110M-$190M

[16:05] {Threei}  NFLX

[16:05] {Threei}  REPORTS Q1 $0.40 V $0.31E,

[16:06] {Threei}  RMBS

[16:06] {Threei}  REPORTS Q1 -$0.17 V -$0.39E, R $27.3M V $28.4ME

[16:06] {Threei}  JNPR

[16:06] {Threei}  REPORTS Q1 $0.17 V $0.17E, R$764.2M V $764ME

[16:11] {Threei}  MSFT

[16:11] {Threei}  REPORTS Q3 $0.33(INCL $0.06 IN SEVERANCE) V $0.39E, R $13.65B V $14.09BE

[16:13] {Threei}  MSFT moves up on that

[16:13] {Threei}  that

[16:13] {Threei}  s serious

[16:13] {magoo} man

[16:13] {nemo} and you thought the markets were rational...sheesh

[16:13] {Threei}  not me

[16:13] {magoo} beer dino??

[16:14] {Threei}  not since 1997

[16:14] {nemo} vodka vad?

[16:14] {patience} white wine patience?

[16:14] {nemo} Riesling?

[16:14] {Threei}  lightweights

[16:14] {Threei}  look at MSFT

[16:15] {nemo} OMFG!

[16:15] {Threei}  I have some Glenlivet

[16:15] {nemo} Niiiiiceeeeee

[16:18] {Threei}  and I am home alone

[16:18] {Threei}  till tomorrow

[16:18] {magoo} we are with ya

[16:18] {nemo} So, you have a problem drinking alone

[16:18] {Threei}  absolutely not

[16:18] {magoo} i am truly drinkin now

[16:21] {nemo} I'm goig to pour myself one

[16:22] {magoo} its an afterhr tradition

Apr 22 2009

Not overly active but nicely profitable day. We got the idea of the day right and early, and utilized it qith a few trades on FITB, FAS and JPM.

Session Time: Wed Apr 22 00:00:00 2009

[07:58] {cosmo} DNDN Raised To Buy From Neutral By Merriman

[07:58] {cosmo} fwiw

[08:01] {Threei}  JPM

[08:01] {Threei}  REPORTS Q1 -$0.01 V $0.01E, REV $106.8M V $109.7ME

[08:01] {Threei}  morning cosmo

[08:01] {cosmo} :)

[08:02] {Threei}  hmmm

[08:02] {Threei}  sorry, wrong symbol

[08:02] {Threei}  JPN

[08:02] {Threei}  here comes MS

[08:02] {Threei}  REPORTS Q1 -$0.57 V -$0.08

[08:02] {Threei}  CUTS DIVIDEND TO $0.05/SHARE

[08:03] {Threei}  ($0.27/SHARE PREVIOUS)

[08:03] {nemo} hello

[08:03] {Threei}  nemo :)

[08:04] {Threei}  WFC earlier

[08:04] {Threei}  REPORTS Q1 $0.56 V $0.41E, R $21.0B V $19.37BE

[08:04] {Threei}  - New Loans $175B

[08:04] {Threei}  - Operating margins with consolidated net interest margin of approximately 4.1% and efficiency ratio of approximately 56%

[08:04] {Threei}  - Combined net charge-offs of $3.3B v $2.8B at legacy Wells Fargo q/q v $3.3B at legacy Wachovia

[08:04] {Threei}  - Provision expense of approximately $4.6B, including $1.3B credit reserve build, bringing the allowance for credit losses to $23B

[08:04] {Threei}  - Pre-tax pre-provision profit of approximately $9.2B.

[08:04] {Threei}  - Wachovia merger exceeded expectations in Q1, affirms $5B in annual merger savings

[08:04] {Threei}  - TCE forecasted at 3.1%

[08:05] {nemo} what's that doing to the stock this morning considering they preannounced?

[08:05] {magoo} l;srujrrsghsrhsrej

[08:05] {Threei}  unless there is some new information, not much

[08:05] {Threei}  magoo :)

[08:05] {Threei}  back to MS

[08:06] {Threei}  R $3.04B V $5.01BE;

[08:06] {nemo} Acting had of Freddie Mac commits suicide

[08:06] {magoo} 3/5th of estimate?

[08:06] {Threei}  yeah

[08:07] {Threei}  interesting... MS more honest or worse managed than others?

[08:07] {magoo} u thinking FAZ ?

[08:07] {Threei}  not sure

[08:07] {Threei}  gap down is not deep

[08:07] {Threei}  could be a bear trap

[08:07] {magoo} WFC not good either, correct?

[08:08] {Threei}  - Total AUM $356B v $546B q/q

[08:08] {Threei}  well, WFC largely repeted results from pre-announcement as far as I remember

[08:09] {Threei}  if there is something new in their report, I would have to go back and dig old one and compare

[08:09] {Threei}  and I am to lazy for that

[08:11] {magoo} what arewe talking about again/ {lol}

[08:12] {Threei}  - Institutional Securities net revenues $167M v $844M q/q

[08:13] {Threei}  - Global Wealth Management revenues of $73M v $1.42B q/q

[08:13] {Threei}  - Investment Banking revenues $886M v $788M q/q

[08:13] {Threei}  same pattern... more money is made by trading

[08:13] {Threei}  losses in other fields

[08:16] {Threei}  - Equity sales and trading net revenues $900M v -$2.32B q/q

[08:17] {Threei}  04/22/09 07:55am

[08:17] {Threei}  [FRE] Freddie Mac Reportedly the acting CFO Kellerman has been discovered dead - unconfirmed report

[08:17] {Threei}  - Initial reports suggest it was suicide

[08:17] {Threei}  - Confirmed by CNBC

[08:18] {magoo} hammering MS now

[08:21] {Threei}  - Asset Management experienced a pre-tax loss of $0.6B as losses on real estate principal investments

[08:21] {Threei}  - Firm achieved headcount reductions of 5% during the quarter and lowered non-compensation expenses 9% from last years first quarter and is on track to achieve its previously announced annual cost savings target of $2B.

[08:30] {Threei}  (CA) CANADA MAR LEADING INDICATORS M/M: -1.3% V -0.8%E

[08:30] {Threei}  Prior MoM revised from -1.1% to -1.4%

[08:31] {Threei}  WFC EXEC: PROFITS IN Q1 WERE RECORD EVEN AFTER $600M IN PREFERRED SHARE DIV PAYMENTS -CONF CALL

[08:31] {Threei}  - Organic growth at firm was driven by existing, long term business model

[08:32] {pita} morning all

[08:33] {Threei}  pita :)

[08:33] {cosmo} PPDI

[08:34] {cosmo}  PPDI) said it has completed the acquisition of AbC.R.O., Inc., a

[08:34] {cosmo} contract research organization operating in Central and Eastern Europe.

[08:52] {Threei}  DNDN... any slightest blip with FDA, scared to even think how far this thing can drop

[08:52] {Threei}  (US) TREASURY SEC GEITHNER: POLICY MAKERS WILL NEED TO ADOPT STRATEGY TO A GLOBAL VIEW

[08:52] {Threei}  - Must be positive that scale of support for operations be broad

[08:52] {Threei}  - IMF expects the world economy to contract by 1.3% in 2009

[08:52] {Threei}  - Global economy needs the US economy to recover

[08:52] {Threei}  they still haven't decoupled?

[08:52] {Threei}  too bad

[08:53] {Threei}  tongue in cheeck comment of course... remember all those decoupling theories?

[08:53] {Threei}  as if you could take the biggest economy/consumer out of the equation and the rest could function asd if nothing happened

[08:54] {dptl} good morning all

[08:54] {Threei}  dp :)

[08:57] {fernp} Hello everybody

[08:59] {Threei}  fern :)

[09:06] {Threei}  (US) US TREASURY SEC GEITHNER: CANNOT EASE UP ON RECOVERY EFFORTS TOO EARLY - Q&A

[09:06] {Threei}  of course not

[09:07] {Threei}  noty until last trillion is spent

[09:07] {Threei}  as long as there are trillions to waste - wasted they must be

[09:09] {dino} gm all

[09:10] {Threei}  dino :)_

[09:15] {ese} morning vad.....new visa has arrived......just have to activate it.....and I can stay with you....whewwwwwww!(wiping sweat from forehead and brow)

[09:15] {Threei}  ese :)

[09:16] {Threei}  if you have any questions, please forward them to info@realitytrader.com

[09:16] {ese} tks

[09:20] {dino} ilmn beats and drops

[09:21] {Threei}  ahh, my favorite kind of annoucement:

[09:21] {Threei}  YSD/CNY

[09:21] {Threei}  TREASURY SEC GEITHNER: HAS NOTHING TO ADD TO LAST WEEKS CURRENCY REPORT ON ISSUE OF YUAN

[09:21] {ese} naturally

[09:21] {cosmo} yawn

[09:21] {Threei}  we report that there is no news to report

[09:21] {nemo} looks like FAS might be setting up for a pop

[09:21] {Threei}  WFC CFO: HAVE HIRED 5,000 EMPLOYEES FOR MORTGAGE PROCESSING - PRESS INTERVIEW

[09:22] {Threei}  GS

[09:22] {Threei}  CALYON INITIATES GS WITH SELL, PRICE TARGET: $113.00

[09:22] {Threei}  - Mike Mayo call

[09:22] {ese} fas or faz

[09:22] {Threei}  {GS} Mike Mayo you said? okkkaaayyy....

[09:24] {ese} aapl's up....whats hapening there?

[09:25] {ese} never mind got it....reporting at end of the day

[09:25] {Threei}  04/22/09 08:13am

[09:25] {Threei}  [AAPL] Apple Inc Piper out reccomending Buying stock ahead of earnings due after the close today, citing iPhone upside growth

[09:25] {Threei}  - Piper saying they are increasingly confident in its 3.7M iPhone shipment estimate

[09:26] {ese} brave statement

[09:26] {Threei}  that's you piper... little brave soldier

[09:27] {Threei}  in old times when MMs actually showed their faces on level 2, we would see PIPR at the offer all day, lol

[09:28] {magoo} man, to recommend buy AHEAD..aapl gonna swing 15 points

[09:29] {jfjf64} mornin all

[09:29] {jfjf64} game on

[09:29] {Threei}  jf :)

[09:30] {Threei}  OBAMA OFFICIALS TO URGE CONGRESS TO PASS LEGISLATION CAPPING U.S. GREENHOUSE GAS EMISSIONS - WSJ

[09:31] {cosmo} sigh

[09:31] {nemo} they ought to put a cap in...errr....cap him

[09:31] {Threei}  04/22/09 09:00am

[09:31] {Threei}  [SPWRA] SunPower Corporation Exelon and SunPower to develop 10MW urban solar power plant

[09:31] {Threei}  - Exelon and SunPower Corp. have signed an agreement to develop the nation's largest urban solar power plant at a former industrial site on Chicago's South Side. The 10MW solar photovoltaic (PV) facility is scheduled for completion by the end of this year.

[09:32] {nemo} wow, FAS/FAZ haven't been this subdued on the open in a long time

[09:32] {Threei}  - The $60M project is contingent upon Exelon receiving a federal loan guarantee under the recently passed federal stimulus legislation formally known as the American Recovery and Reinvestment Act, which includes provisions for investment in green jobs and emissions reduction. Exelon is seeking a loan guarantee for up to 80% of the project cost from the U.S. Department of Energy Loan Guarantee Program Office (LGPO).

[09:32] {Threei}  feels to me like FAS is getting ready for upswing

[09:33] {Threei}  ugh

[09:33] {Threei}  too fast

[09:33] {Threei} Long Setup:  FITB  .61 - .62

[09:33] {nemo} [09:21] {nemo} looks like FAS might be setting up for a pop

[09:33] {Threei}  stop for scalpers under .55

[09:33] {Threei}  for day trade under .50

[09:34] {magoo} in

[09:34] {nemo} in

[09:34] {dptl} in.62

[09:35] {Threei}  1:1 for hardcore scalpers

[09:35] {dptl} half out

[09:35] {fernp} ty Vad

[09:35] {Threei}  1:1 for daytrade

[09:35] {Threei}  half out .73

[09:35] {ese} l fitb

[09:36] {dptl} out more .75

[09:36] {Threei}  04/22/09 08:10am

[09:36] {Threei}  [BRCD] Brocade Communications Systems Inc. Goldman Sachs Raised BRCD to Buy from Neutral, price target: $6.50

[09:36] {Threei}  - Added to Conviction Buy List

[09:36] {ese} .70 out .76 +.06

[09:36] {Threei}  1:2 for daytrade

[09:37] {nemo} out ty

[09:37] {dptl} all out .84 ty

[09:37] {Threei}  out in full .90

[09:37] {nemo} .86

[09:37] {Threei}  ese... why in .70??

[09:37] {Threei}  call was .61 - .62

[09:37] {pita} nice call

[09:37] {Threei}  and was available easily

[09:37] {nemo} he's happy over his visa

[09:37] {jfjf64} ty gm on!!!

[09:38] {Threei}  almost 30 cents in minutes on a small liquid stock allowing for a big lot...

[09:38] {Threei}  can I go home?

[09:38] {nemo} NO!

[09:38] {nemo} you are home

[09:38] {Threei}  BRCD...

[09:38] {ese} could see faz really tanking o thought that it was reasonable

[09:39] {Threei}  this one has markings of a slw climber

[09:39] {ese} missed your call basicailly   was looking at something else

[09:39] {nemo} thanks ese, makes me feel better

[09:39] {Threei}  sniff sniff

[09:39] {Threei}  BRCD, 5 break worth a try

[09:40] {Threei}  let's see where it bottoms out before breaking

[09:40] {Threei}  4.90 loss is invalidating event

[09:40] {Threei}  friking FAS

[09:40] {ese} and as i look at it......lousy fill ...was looking at .67.....too many of you all ahead of me

[09:40] {magoo} out .82 TY vad

[09:41] {magoo} was on phone

[09:41] {Threei}  feeling that it was going to jump off 7 was so strong

[09:41] {magoo} look up winner

[09:41] {Threei}  and it moved tooo much while I typed

[09:42] {Threei}  ese... your broker gives you nice commissions with flat fee for big shares, no questions about it

[09:42] {nemo} RIMM bolted out of the gate too

[09:42] {Threei}  but lousy executions overweigh this advanrtage I am sure

[09:42] {Threei}  with small stocks/big lots every cent means a lot

[09:43] {Threei}  simple math:

[09:43] {nemo} let me take my shoes off

[09:43] {Threei}  10K shares, 3 cents lost on bad execution,

[09:43] {Threei}  compare it to commissions

[09:43] {Threei}  and to polish it off, imagine bad execution on a stop if stock falls fast

[09:43] {Threei}  it will be way worse than 3 cents in many cases

[09:45] {Threei}  wow STX

[09:46] {Threei}  04/21/09 04:01pm

[09:46] {Threei}  [STX] Seagate Technology Reports Q3 -$0.56 v -$0.45e, R$2.1B v $2.01Be

[09:46] {Threei}  - Guides Q4 EPS -$0.47 to -$0.37(incl items) v -$0.30e, R $1.9-2.2B v $1.97Be

[09:46] {Threei}  what the deuce

[09:46] {Threei}  lol

[09:47] {Threei}  06:40am [STX] Price Target raised to $6 from $4.50 at BofA/Merrill Lynch, maintains Underperform rating

[09:47] {Threei}  this is something from parallel universe

[09:51] {magoo} .

[09:51] {nemo} mags...ankle broken or sprained badly?

[09:52] {magoo} i think broke, i gotta get to xray but havent had ttime

[09:52] {magoo} i cant walk on it at all

[09:52] {Threei}  ouch

[09:53] {magoo} swollen foot purple

[09:53] {Threei}  JPM

[09:53] {nemo} could be either...if it needs to be set don't wait to the point where they have to re-break it.  That sucks!

[09:53] {dino} whiner, :)

[09:53] {Threei}  see if we get pullback into .10

[09:54] {Threei}  in

[09:54] {Threei}  stop under 32

[09:54] {ese} market internals look better today  trin .87 tick 115

[09:54] {ese} more buying than selling

[09:54] {magoo} in

[09:54] {Threei}  over 1:1

[09:54] {Threei}  half out .25

[09:55] {Threei}  scalpers got their 3 seconds profit

[09:55] {Threei}  (pesky creatures)

[09:55] {dino} ilmn sm l .30txn green

[09:56] {Threei}  stop to under .10

[09:57] {dino} txn l .25 sm

[09:58] {pita} in .12 out .30 twice - ty

[09:58] {Threei}  wow

[09:58] {Threei}  wtg

[09:58] {Threei}  nice resolve

[10:00] {Threei}  out 1/4 more .40

[10:00] {magoo} out .38 TY vad

[10:00] {Threei}  welcome

[10:00] {jfjf64} ty

[10:01] {dptl} brcd valid again?

[10:01] {Threei}  out in full +.50

[10:01] {Threei}  not sure

[10:01] {Threei}  about BRCD that is

[10:02] {Threei}  why bother

[10:02] {Threei}  stock doesn't make new highs with market

[10:02] {Threei}  go where activity is

[10:02] {Threei}  we got 30 cents of FITB and 50 cents on JPM

[10:02] {jfjf64} yo monster lol

[10:03] {ese} L fitb .83

[10:03] {Threei}  and FITB is comparable to BRCD in terms of price and liquidity

[10:03] {Threei}  that's what being in the center of activity does to a stock

[10:03] {dptl} ok ty

[10:05] {dino} ilmn stop to .09

[10:06] {dino} to .30

[10:07] {dino} out ilmn .40, +1.10

[10:07] {fernp} gj

[10:07] {Threei}  wtg

[10:08] {dino} ty

[10:08] {Threei}  Shirtless President to appear on magazine cover

[10:09] {dino} nflx stop to .25

[10:09] {nemo} double top on JPM?

[10:09] {dino} out +.50

[10:09] {Threei}  volume is not right for the reversal pattern

[10:10] {Threei}  not sure

[10:10] {dino} txn to b/e

[10:10] {Threei}  let's wait a bit for more determination

[10:10] {nemo} I was just notifying,  I know how things can slip by unnoticed

[10:10] {Threei}  especially when one is trying to trade with his eyes closed

[10:11] {Threei}  which is my today's experiment

[10:11] {dino} huh?

[10:11] {Threei}  lol

[10:12] {nemo} using his 3rd eye Dino

[10:12] {dino} out titn overnight +.42

[10:12] {Threei}  new high JPM

06[10:12] * magoo slaps dino around a bit with a large trout

[10:13] {dino} nice when a plan comes tyogether

[10:13] {nemo} thanks George

[10:13] {Threei}  *FEB HOUSE PRICE INDEX M/M: 0.7% V -0.7%E

[10:13] {nemo} you've been taking typing lessons from Vad

[10:14] {Threei}  how about that

[10:14] {Threei}  housing is fixed

[10:14] {cosmo} fixed?

[10:14] {Threei}  no?

[10:15] {cosmo} everything is fixed?

[10:15] {Threei}  about to

[10:15] {Threei}  come on, let's let some positive spin in our lives

[10:16] {nemo} that sent the finnies higher

[10:16] {Threei}  [15:42] {Threei} my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[10:16] {dino} i go with up and down and down and up

[10:18] {ese} out fitb .95 +.12

[10:18] {Threei}  wtg

[10:18] {Threei}  20K little buggers?

[10:19] {ese} tks....feel like it was a bad trade though

[10:19] {cosmo} CAT has positive spin

[10:19] {ese} knew i should have been in around .65 but didn't pull the trigger

[10:19] {Threei}  FITB starts looking like 4 will be taken

[10:20] {Threei}  needs help by FAS

[10:20] {dino} ilmn drops

[10:20] {magoo} now vads one of those

[10:20] {magoo} calls 4 after its 4.02 he he

[10:20] {Threei}  no

[10:20] {Threei}  said it when it was 3.98

[10:20] {Threei}  look faster

[10:21] {jfjf64} 1 for magoo   lol

[10:22] {ese} yup it was 20000 of the litle bugers vad

[10:22] {ese} didn't see that post

[10:22] {Threei}  :)

[10:23] {ese} but still should have been in at .65 ish

[10:23] {nemo} so do faz and fas cross again today

[10:25] {cosmo} so... do we know yet who gets the 'high speed rail' bailout?

[10:25] {cosmo} GM maybe?

[10:25] {cosmo} ... just thinking...

[10:29] {dino} txn stop to .49

[10:29] {ese} how does the market feel to you all ...another leg up per chance

[10:29] {nemo} wondr if the finnies will pull back today :)?

[10:29] {ese} or bit of a slide

[10:30] {dino} no feel so far, which is wierd for me

[10:30] {nemo} [10:16] {dino} i go with up and down and down and up

[10:30] {Threei}  *DOE CRUDE: +3.85M V +2.5ME

[10:30] {dino} lol

[10:30] {Threei}  GASOLINE: +800K V -800KE; DISTILLATE: +2.68MM V -900KE;

[10:31] {nemo} that might slow things down

[10:31] {dino} keep adding baby, some day we'll sell it to opec

[10:31] {dino} out txn .49, +.24

[10:32] {nemo} Dino swinging for the fences in the morning...kewl

[10:33] {dino} ilmn back to original entry

[10:33] {dino} 'lucky

[10:33] {dino} back to basics nemo

[10:33] {nemo} good to be irish

[10:33] {nemo} morning hasn't been your forte

[10:33] {dino} ilmn perhaps wants to "double" bottom

[10:34] {dino} never was

[10:34] {nemo} so today a good day

[10:34] {dino} only thing different i can think of, started walking 2 miles at 7:30 am again

[10:34] {dino} indeed it is, over already

[10:35] {nemo} everything backed off when that oil number came out

[10:37] {dino} sm l ilmn .50

[10:40] {dptl} cat  bounce?

[10:40] {cosmo} its alive

[10:40] {dptl} too late

[10:41] {Threei}  can't tell consolidation from end of run at this point

[10:41] {Threei}  wauiting to see what transpires

[10:42] {cosmo} large institutional blocks may tell

[10:44] {cosmo} watching JASO...

[10:45] {cosmo} .25 to .35 range

[10:49] {nemo} anybody awake?

[10:49] {ese} yup 

[10:49] {Threei}  loud snorring was the answer

[10:50] {ese} just waiting for fitb again

[10:50] {ese} have a limit buy at .90

[10:51] {ese} can change my mind if market looks stronger

[10:51] {ese} 20 MA says .88   pullback we'll see

[10:52] {dptl} on 5 min?ese

[10:56] {ese} 15 min

[10:57] {dptl} almost the same on 5min.90 now

[10:57] {ese} if it pulls back here higher than .95   am gonna enter

[10:58] {Threei}  I don't feel this upward move starts next leg

[10:59] {ese} me either

[11:00] {nemo} \

[11:00] {nemo} sorry...it was the cat

[11:00] {ese} q's lower faz higher...won't enter

[11:01] {ese} although  fitb looks to be going against the grain here a little

[11:01] {Threei}  that was the trap so far

[11:01] {Threei}  FITB is a bit stronger, yeah

[11:04] {ese} gonna test the waters   l fitb .03 small

[11:05] {dino} ilmn stop tighten to .44 mkt drop

[11:06] {Threei}  activity dried up completely

[11:07] {Threei}  we need this stand-off resolved so some ibalanaces return and action starts again

[11:07] {dino} iclr

[11:07] {Threei}  feels like FAS drop into .60 area at least is catalyst for renewed interest

[11:09] {dino} 19 to 13 in day

[11:09] {dino} iclr, ppdi, kndl are buys somewhere soon, imo

[11:09] {Threei}  [ICLR] ICON plc Reports Q4 $0.35 v $0.34e, R $220.1M v $218.4Me

[11:09] {Threei}  - Full year net business awards totalled $1.3B, a 28% increase on last year.Fourth quarter net business awards were $261M, a book to bill of 1.2.

[11:09] {Threei}  - CEO "We are very satisfied with our performance in quarter four. Revenues were up 22%, margins held strong at 12% and EPS was up 35%. With our backlog at $1.74B we have entered 2009 in a good position, although the difficult economic climate has put some customers under pressure and has created a degree of uncertainty. We remain positive, though cautious, as 2009 commences."

[11:10] {Threei}  what would have happened if they missed?

[11:11] {dino} kndl pre-big miss, ppdi missed, same business

[11:11] {Threei}  FERC CHIEF: US MAY NOT REQUIRE NEW COAL OR NUCLEAR POWER PLANTS AS RENEWABLE ENERGY SOURCES COMBINED WITH NEW EFFIENCIES MAY MEET DEMAND

[11:11] {ese} very good question.......

[11:11] {Threei}  really?

[11:12] {Threei}  solar, wind and tide are capable of meeting demand already??

[11:12] {nemo} hot air out of Washington is

[11:12] {Threei}  unless I slept 50 years and today is 2059...

[11:12] {ese} in this take no prisoners enviroonment.......icon would be trash now

[11:12] {dino} politician=liar

[11:13] {ese} cool math

[11:13] {dino} atty by traing, so you figure it out

[11:13] {pita} anybody know how to add sound to posts in mIRC?

[11:13] {Threei}  this total lack of resopnsibility will never cease to amaze me

[11:14] {cosmo} just stick a rod in the ground and harvest the schumann resonance....but they wont listen...they never do...

[11:14] {Threei}  say whetever you want, damn the consequences

[11:14] {Threei}  I think dp set them, pita

[11:15] {dptl} sounds?

[11:15] {pita} beep or something to notify of vad posts

[11:15] {dino} damn the topedos

[11:16] {dino} iclr bugs me

[11:16] {dptl} tools-options-sounds

[11:16] {dino} sm l .69

[11:16] {pita} then what?

[11:17] {dino} stop .47

[11:17] {nemo} or just right click on the window icon in the toolbar and pick "beeping"

[11:17] {dptl} enable sounds

[11:17] {dptl} channel,chat

[11:17] {Threei}  oh, and after you set it all, you need to say "

[11:17] {Threei}  kreks-feks-peks", as you click OK

[11:17] {dino} lord vader

[11:17] {dptl} lol

[11:18] {nemo} yeah, "Dark Helmet"

[11:18] {nemo} Anybody ever see, "The Boondock Saints"?

[11:18] {Threei}  that's how I feel when I configure all those features... total vodoo, lol

[11:18] {nemo} great movie

[11:18] {jfjf64} is there way to get sounds on vads post??

[11:18] {dptl} there is a trick though...if the window is active it's not gonna make sounds

[11:19] {dino} ilmn moving

[11:19] {Threei}  lol jf...

[11:19] {dptl} yep

[11:19] {Threei}  you guys need to wake up at least once an hour

[11:20] {jfjf64} guess that was for me

[11:20] {dino} do you want us to trade or wake up?

[11:20] {Threei}  yes sir :)

[11:20] {Threei}  trade dino... but to set sounds, one needs to wake up

[11:20] {dptl} keep #flor window open but have active discussion and then you here beep only then Vad post somthing

[11:20] {dino} music is all i need

[11:20] {Threei}  that's because you ignore me

[11:21] {nemo} that's not true...perish the thought

[11:21] {Threei}  can't blame you though, my own reflection in the mirror ignores me

[11:21] {dino} ilmn to b/e

[11:21] {dino} huh, you say something

[11:21] {dino} good girl iclr

[11:24] {dino} ndx hod

[11:25] {dino} ilmn to .60

[11:27] {dino} hmm iclr drop

[11:28] {pita} later all...

[11:28] {dino} ilmn to .80

[11:29] {dino} cya pita

[11:29] {Threei}  take care pita

[11:30] {dino} stopped iclr slip.44 ave-.25

[11:30] {dino} will retry around low

[11:31] {dino} out ilmn .90, +.40

[11:32] {nemo} so +.15 between the two.  3 for 4 today Dino?

[11:32] {Threei}  MS CFO: WILL WAIT FOR RESULT OF STRESS TESTS TO DETEMINE WHAT TO DO ON TARP; WILL CONSIDER REPAYMENT OF CAPITAL - CONF CALL

[11:32] {Threei}  - Similar to comments made earlier today regarding repayment of tarp (earlier: MSCFO notes plans to repay the TARP once regulators signal their approval.)

[11:35] {jfjf64} nother conf call    

[11:36] {vinod} you guys are ice cold today?

[11:36] {nemo} two wins early, market's been dead since 10

[11:36] {Threei}  hmm?

[11:37] {nemo} oh, and vad's been in a coma

[11:37] {vinod} good afternoon to all

[11:37] {jfjf64} 3for3

[11:37] {Threei}  I am in a coma 9/10 of time

[11:37] {dino} iclr drop

[11:38] {Threei}  doesn't mean I can't tade

[11:38] {Threei}  in factm, it'

[11:38] {Threei}  s just opposite

[11:38] {jfjf64} spell  lol

[11:38] {magoo} we in anything vad?

[11:38] {Threei}  see nemo's remark above mags

[11:39] {magoo} was away from desk

[11:39] {Threei}  starts looking like creep-up day in progress

[11:39] {dino} cold, having a good one

[11:39] {vinod} guy at work told me BAC is 100 stock in 5 year and many IPO will come out of it-i am not buying it

[11:40] {Threei}  in 5 years?

[11:40] {vinod} nemo-i work at John Hancock financial

[11:40] {nemo} in the tower?

[11:40] {vinod} yes 32nd floor

[11:41] {Threei}  I can't see how any reasonable human being can seriously talk about such what happens in 5 hyears with any particular stock/company in times like this

[11:41] {Threei}  and when it comes to financial name... lol

[11:41] {nemo} especially with the world ending in 2012

[11:42] {Threei}  put him to test vinod... ask him where BAC is going to be in an hour

[11:42] {vinod} i am compurt guy don't know financial

[11:42] {Threei}  he nails it, I am buying all BAC I can and wait 5 years

[11:43] {vinod} buy the rule I can't stock with any fund manager

[11:44] {dino} well, if he said it it must be true

[11:44] {vinod} i am trying to make this board live again?

[11:45] {dino} it needs tunes

[11:48] {dino} vocs, wab

[11:52] {dptl} jns?

[11:53] {Threei}  nah

[11:53] {dptl} daily looks good ,no?

[11:53] {Threei}  eerything does, intraday too

[11:54] {Threei}  it's a breakout during lunch time

[11:54] {dino} thank you

[11:54] {Threei}  after dollar move

[11:54] {Threei}  total 50/50

[11:54] {dptl} ok ty

[11:54] {Threei}  can jump to .30, can drop to 8.80

[11:54] {Threei}  roll a dice

[11:58] {vinod} Threei  roll a dice --lvs

[11:59] {dino} you want the ceasars coin toss?

[11:59] {Threei}  LVS, as MGM, is a part of developing story now

[11:59] {Threei}  Ichan vs Kerkorian

[12:00] {dino} i use the ceasars coin

[12:00] {dino} sm l vocs .80, stop .49

[12:01] {dino} iclr big rinse

[12:02] {dino} weaiting at .25

[12:02] {dino} wab, feeling short

[12:03] {Threei}  CNBC REPORTS THAT STRESS TESTS TO REQUIRE 3% TANGIBLE COMMON EQUITY UNDER WORST CASE SCENARIO - CITES SOURCES

[12:04] {dino} wab sm s .05

[12:05] {magoo} vads..give magoo read AAPL palease

[12:05] {Threei}  no problem

[12:05] {Threei}  it's A

[12:05] {Threei}  then A again

[12:06] {Threei}  you with me so far?

[12:07] {dino} wab bstop is .36

[12:07] {magoo} im in and wanted seriouse

[12:07] {Threei}  I don't know

[12:07] {Threei}  just manage the trade

[12:07] {Threei}  what price are you in at?

[12:08] {magoo} out here

[12:08] {magoo} TY

[12:09] {dino} stopped

[12:14] {Threei}  FRE

[12:14] {Threei}  NOTES THAT IT IS UNAWARE OF NO LINK BETWEEN ACCOUNTING PROBE AND THE DEATH OF ACTING CFO

[12:19] {dino} ilmn drops again

[12:22] {ese} limit buy triggered fitb

[12:22] {ese} .90

[12:24] {nemo} what's your stop ese

[12:25] {ese} .80

[12:25] {nemo} ty

[12:25] {ese} your welcome

[12:26] {ese} hmmmmmmmm

[12:30] {dino} +wab reload, sm s .40

[12:33] {ese} flirting with danger ....

[12:33] {nemo} "Flirtin' with Disaster"  Molly Hatchett

[12:33] {ese} indeed

[12:33] {nemo} oy...Alzheimer's 

[12:34] {dino} wab bstop is hod

[12:34] {Threei}  you guys are well read... me, I limit myself to titles "Flirtin". Period

[12:34] {nemo} Vicarious now Vad?

[12:35] {Threei}  don't know.. I also avoide words longer than two syllables

[12:35] {Threei}  and :vicarious" is not it

[12:35] {nemo} You woulda' made a great caveman

[12:35] {Threei}  in fact, it sounds very nefarious to me

[12:36] {Threei}  woulda'?

[12:36] {Threei}  I am one

[12:36] {ese} stopped....&^%&^%-.10  15000shs

[12:36] {nemo} neanderthalis Vadicanis

[12:36] {ese} went to the well to many times

[12:36] {nemo} Oh ese, how the fingernails?

[12:36] {magoo} news VAD

[12:36] {Threei}  I'd rather say, wrong time, and against the microtrend at the moment, ese

[12:37] {Threei}  just this mags

[12:37] {Threei}  GM

[12:37] {Threei}  WSJ: CFO: WILL NOT MAKE ITS $1B DEBT PAYMENT DUE JUNE 1ST

[12:37] {ese} yes definately....could have removed that limit buy......dumb on my part

[12:37] {ese} recognize it....move on

[12:37] {Threei}  I don't think it's a big deal for the market at the moment

[12:37] {nemo} still holding thought

[12:38] {nemo} though

[12:38] {magoo} ty

[12:38] {Threei}  this is why I stay inactive guys

[12:38] {ese} me...no nemo stopped

[12:38] {Threei}  and recomend you to do the same

[12:38] {Threei}  look at what happened ever since our morning plays

[12:38] {Threei}  long stall,

[12:39] {Threei}  very slow and narrow movement slighltly up,

[12:39] {Threei}  stall,

[12:39] {Threei}  slow drift down, narrow again

[12:39] {Threei}  what you have here is:

[12:39] {Threei}  no range wide enough to play it,

[12:39] {Threei}  not breakout,

[12:39] {Threei}  no breakdown,

[12:39] {Threei}  so name me a strategy that would work

[12:40] {dino} up,down, down, up

[12:40] {ese} market will probably head up this afternoon...maybe con recoop some then

[12:40] {Threei}  the skill to deploy in this situation is two-fold

[12:40] {Threei}  1. stay on a sideline and wait for something to shape up

[12:40] {Threei}  2. fend off attempts to engage you into activity by magoo and Co {G}

[12:41] {nemo} Apply your skills in the environment in which they apply

[12:41] {nemo} Don't try to apply them where they don't fit

[12:41] {Threei}  let me show you comment made way eearlier

[12:42] {Threei}  [11:07] {Threei} feels like FAS drop into .60 area at least is catalyst for renewed interest

[12:42] {Threei}  look at the charty

[12:42] {Threei}  .57 bottom for over 20 cents immediate bounce

[12:44] {dino} my old friend snda drop

[12:47] {dino} kirk

[12:47] {nemo} James Tiberius?

[12:48] {dino} lol, good one

[12:48] {nemo} new one coming out

[12:49] {dino} wab to .15

[12:49] {dino} stopped +.25 cover

[12:50] {dino} saw that nemo

[12:51] {nemo} looks interesting

[12:51] {dino} wife didn't like the mothers day idea of going to see it

[12:51] {nemo} yeah, that's like getting her a chain saw for HER birthday

[12:52] {dino} iclr drops

[12:52] {dino} lol

[12:53] {dino} i'm losing it, 2 days in row spilling on my shirt

[12:56] {dino} sm l iclr .50

[12:56] {dino} ilmn setting up

[12:57] {dino} ugh wab, stop too tight

[13:02] {dino} sm l ilmn .65

[13:02] {dptl} cat?

[13:02] {dptl} .50?

[13:02] {Threei}  ?

[13:03] {dptl} was thinking .50 break ...ah didn' hold .40 anyway

[13:04] {Threei}  FAS double bottom confirmation on .60 break was good setup... missed it

[13:04] {nemo} shoulda' come out of the coma earlier

[13:04] {dptl} ye was just about to ask about that :)

[13:05] {nemo} break again above .80?

[13:05] {dptl} set up i mean not coma lol

[13:05] {vinod} to much time playing with Miss

[13:05] {Threei}  CHRYSLER AND CAW REMAIN ENGAGED IN DISCUSSIONS OVER 'ACTIVE BENEFITS'; CHRYSLER SEEKING TO CUT COSTS OF BENEFITS BY ABOUT C$19 FROM CURRENT C$31+ PER HOUR

[13:06] {Threei}  that's some cut

[13:06] {Threei}  tough for union to swallow

[13:08] {dino} nflx

[13:08] {magoo} possible bottom MS here

[13:09] {magoo} in .11

[13:10] {ese} du du du du......dump di dum....twiddle thumbs......

[13:10] {nemo} rearrange sock drawer

[13:11] {nemo} make sure all logos face up

[13:11] {ese} funny

[13:11] {magoo} .98 stop

[13:14] {nemo} ese, watching FITB?

[13:14] {Threei}  let's see if we get new double bottom, .60 - .70

[13:14] {Threei}  want pullback now

[13:14] {Threei}  not buying break here

[13:14] {nemo} on what?

[13:14] {Threei}  pullback, bottomonjg out around.63-.65, then break

[13:15] {Threei}  FAS

[13:15] {Threei}  HIG

[13:15] {Threei}  HEARING ALLIANZE MAY BE PREPPING A BID NEAR $19/SHARE

[13:16] {magoo} MS held by hair off dinos chin

[13:18] {magoo} offering .27

[13:18] {ese} hi nemo ...yes

[13:19] {ese} was rearranging sock drawer

[13:20] {dino} hmmmm you must have alot of socks

[13:20] {ese} thinkin long here at .85

[13:20] {nemo} yeah

[13:20] {ese} a few

[13:20] {dino} lol

[13:21] {Threei}  FAS 1:1

[13:21] {nemo} when did it pull back

[13:21] {Threei}  ??

[13:21] {magoo} dam..saw .25 prints

[13:21] {Threei}  did you watch it?

[13:22] {dptl} it went to .65 only

[13:22] {magoo} OUT WOOHOOOOO

[13:22] {magoo} ty bboss

[13:22] {Threei}  two min dance between .65 and .70 after my comment

[13:22] {magoo} .27

[13:22] {magoo} +.25

[13:22] {Threei}  then break of .70

[13:22] {Threei}  just as prescribed

[13:23] {dptl} was thinking a bit lower .63-. 65

[13:23] {Threei}  for what, entry?

[13:23] {dptl} oh well

[13:23] {Threei}  I mean entry on confirmation

[13:23] {Threei}  .70 break

[13:23] {dptl} .70 break

[13:24] {ese}  l fitb .86

[13:24] {Threei}  if it bottomed at .65 instead of .63, all the better

[13:24] {Threei}  more strength

[13:25] {dptl} i see ....

[13:26] {dino} nflx .00 sm l

[13:32] {jfjf64} whats  the word my trading pals

[13:34] {Threei}  sorry jf... it looks like no one want to be your [pal :(

[13:34] {Threei}  welcome to my world

[13:34] {Threei}  they don't like me either

[13:34] {jfjf64} iv noticed that

[13:34] {ese} praise the lord and pass the amunition......praise the lord and pass the amunition

[13:34] {Threei}  lol

[13:35] {Threei}  kind word and gun are much more powerful than just kind word?

[13:35] {jfjf64} market  charging upward

[13:35] {Threei}  DATAQUICK: CALIFORNIA FORECLOSURES INCREASE BY 80% IN Q1 ON A SEQUENTIAL BASIS

[13:35] {ese} indeed

[13:36] {dino} jf the word is "forward"

[13:37] {nemo} yeah, forward...never straight

[13:38] {jfjf64} ty   forward it is

[13:38] {ese} can't remember if that was a world war 1 or world war 2 song....I think 1

[13:39] {dino} dk, just good way to be

[13:42] {ese} out fitb....and then some .01 +.16........revenge trade against all of vads rules.....the anger was just welled up too deep inside of me.

[13:43] {ese} lol

[13:43] {nemo} yeah, but the setup was good

[13:43] {ese} true

[13:43] {nemo} plus you ha FAS and the indices w/you...so it was still a disciplined trade

[13:43] {jfjf64} what wasentry

[13:44] {nemo} .85

[13:44] {ese} just wanted my description of the trade to sound spectacular

[13:44] {ese} following rules is .....is....is.....too ordinary

[13:45] {nemo} musicians...sheeesh

[13:47] {Threei}  FAS bounse zone

[13:47] {Threei}  or bounce

[13:48] {ese} no  bowwwwouuusssah  is good

[13:48] {dptl} in.94

[13:48] {dptl} stop .88

[13:49] {magoo} in .94

[13:50] {ese} gotta hunch that when fitb gets past 4.00....it could go for a ways

[13:50] {Threei}  four ways?

[13:51] {Threei}  I need serious education...

[13:51] {magoo} triple bottom aapl

[13:51] {ese} ummmmmm  ya ya ...thats it....four ways

[13:51] {ese} was watching that mags....are you thinkin long....i

[13:51] {dptl} half out

[13:51] {nemo} lotta' overhead between 4 and 4.10

[13:51] {magoo} i toiok half here

[13:51] {magoo} .28

[13:52] {ese} fitb nemo

[13:52] {ese} yes

[13:52] {nemo} yes

[13:53] {ese} should correct that statement....if it gets by 4.10 it could go four ways

[13:54] {magoo} out

[13:54] {nemo} fore ways?

[13:54] {nemo} fore weighs?

[13:55] {magoo} that sukked

[13:55] {ese} ok now were getting rid  a que less....

[13:55] {ese} that stock throws me for a loop everytime mags

[13:56] {magoo} it prob goes on rampage up somewhere

[13:56] {magoo} prob is from where

[13:56] {magoo} fas sukked topo{sorry vad}

[13:56] {dptl} stopped second half

[13:57] {magoo} no potential

[13:57] {nemo} that was a surprises...I thought if fas broke .90 it would go, but not that fast

[13:57] {magoo} see if he awake he he

[13:57] {Threei}  nope

[13:58] {Threei}  but it hit 1:1

[13:58] {Threei}  so leave me alone, will ya?

[13:58] {magoo} not at .94

[13:58] {nemo} what hit 1:1?

[13:58] {Threei}  yes it did

[13:58] {magoo} 8 all i saw

[13:58] {magoo} was waiting .05

[13:58] {Threei}  and how is that not 1:1?

06[13:58] * Threei sends magoo calculator

[13:58] {nemo} Yeah, he called bounce zone @ .90

[13:58] {magoo} 6 cents

[13:59] {Threei}  with 5 cents stop?

[13:59] {Threei}  [13:58] {Threei} and how is that not 1:1?

[13:59] {Threei}  [13:58] * Threei sends magoo calculator

[13:59] {nemo} [13:47] {&Threei}  FAS bounse zone

[13:59] {nemo} [13:47] {&Threei}  or bounce

[14:00] {nemo} ruling on the field against VAD...you didn't call a stop...penalty for incomplete trade parameters

[14:00] {Threei}  cool

[14:00] {Threei}  see you all next week

[14:00] {nemo} No, that's not the penalty

[14:00] {Threei}  penalty box, ya know

[14:01] {nemo} this ain't hockey

[14:01] {dino} ostk

[14:01] {nemo} wow Dino

[14:02] {Threei}  REPORTS Q1 -$0.09 V -$0.20 Y/Y, R$187.4M V $203M Y/Y

[14:02] {dino} -.09 vs-.20, rev light

[14:02] {magoo} bama on cnbc

[14:02] {magoo} sheesh

[14:02] {Threei}  he celebrates earth day mags

[14:02] {dptl} it was 1:1 thats why got out half at 8 :) 

[14:02] {nemo} FAZ long

[14:03] {nemo} oh...nevermind

[14:03] {dino} yobama on

[14:03] {Threei}  shirtless?

[14:03] {dino} vocs hod

[14:04] {jfjf64} he is all jerked up

[14:04] {jfjf64} jacked up  sorry

[14:04] {dino} they act as if the earth has feelings

[14:04] {nemo} Freudian slip jf

[14:04] {Threei}  you be careful dino

[14:05] {Threei}  we may decide you are not earth-friendly

[14:05] {dptl} lol

[14:05] {Threei}  anf there is just one sin greater than thaT

[14:05] {dino} my daughter already tells me that

[14:05] {Threei}  namely, being successful businessman

[14:06] {Threei}  if you are both, you must be taken outside and shot twice

[14:06] {Threei}  which remninds me... a few days ago, in a grocery store,

[14:07] {Threei}  cashier, yuung girl, one of "brainwashed generation"

[14:07] {Threei}  asks whether I want plastic bag or paper

[14:07] {Threei}  I say plastic

[14:07] {Threei}  she glances at me quckly,

[14:08] {Threei}  frowned

[14:08] {Threei}  I add:

[14:08] {Threei}  I feel particularly unfruendly toward environment today

[14:08] {dino} lol

[14:09] {dptl} lol

[14:09] {Threei}  sheesh, I thought she was about to refuse to serve me

[14:09] {Threei}  you should see this shicked and almost hateful look at her face

[14:09] {dino} i get a kick out of vegatarians that bust me while they wear leather shoes and belts

[14:09] {nemo} shicked?

[14:09] {Threei}  shocked

[14:10] {Threei}  you proud itself in understanding Threeiish?

[14:10] {nemo} I just tell them something dies so you can eat, you're just prejudiced against living things that don't have eyes

[14:10] {nemo} vegetarians that is

[14:12] {Threei}  wow

[14:12] {Threei}  QWOW

[14:12] {Threei}  do you listen to prez?

[14:12] {Threei}  "suddenly market for american vehicles collapses, because we build SYVs"

[14:13] {magoo} ok that was AAPL botom

[14:13] {nemo} Nobody's buying Priuses either

[14:13] {Threei}  if that's not the most blatant distrortion of reality I heard from president

[14:13] {Threei}  no wait

[14:13] {Threei}  I did not have sex with that woman is still taking the prise

[14:14] {jfjf64} 100 percent

[14:16] {Threei}  what just happened

[14:16] {nemo} I also like "depends on what your definition of "is" is"

[14:21] {magoo} ese, see aapl rip?

[14:22] {dino} vocs stop to .99

[14:30] {ese} hey mags...sorry was getting ready to go teach....

[14:31] {ese} oh blody hell...

[14:31] {dino} he's not talking to ya es

[14:31] {dino} :)

[14:31] {magoo} see goty to like vad says"try it couple times"i hit 123 exit 123.80

[14:32] {magoo} now in 124

[14:32] {ese} nice

[14:32] {Threei}  okay... looks like next leg starts

[14:32] {Threei}  let's hunt for pullback

[14:32] {Threei}  FAS 8.05 area

[14:32] {ese} outta here till tomorow everyone....catch you on the flip side...good luck rest of the day

[14:32] {Threei}  take care ese

[14:33] {magoo} take care bud

[14:33] {ese} see ya vad

[14:33] {ese} see ya mags

[14:33] {nemo} cd's don't have flip sides :)

[14:35] {dino} cya es

[14:39] {dino} iclr to .74

[14:40] {dino} out vocs .99, +.19 longggggg timeeeeeeeeee

[14:42] {dino} nflx earns tonight

[14:44] {dino} stopped iclr .74, +.24

[14:45] {Threei}  anyone took FAS?

[14:45] {jfjf64} in

[14:45] {Threei}  stop under 8, went over 1:1 for half out

[14:46] {jfjf64} out +4

[14:48] {dptl} still worth it?

[14:49] {Threei}  I believe so but can take a few tyries

[14:50] {Threei}  US 10-YEAR YIELD LOOKS TO FINISH PIT SESSION AT HIGHEST LEVEL SINCE BEFORE FED'S QUATITATIVE EASING ANNOUNCEMENT

[14:50] {nemo} yeah, tbt up all day

[14:58] {Threei}  (US) TEXAS LEGISLATURE EXPECTED TO APPROVE SOLAR POWER SUBSIDY; EXPECTED TO BE LARGEST IN NATION - WSJ

[14:58] {Threei}  {FSLR SPIR SPWRA}

[14:59] {Threei}  US HOUSE FINANCIAL SERVICES COMMITEE APPROVES LEGISLATION TO REFORM CREDIT CARD PRACTICES

[14:59] {Threei}  {AXP COF DFS}

[14:59] {Threei}  OPTT lost its mind?

[15:02] {dino} yes

[15:07] {dino} ener

[15:07] {Threei}  yeah

[15:08] {jfjf64} wow

[15:13] {Threei}  US TREASURY CLARIFIES PAY LIMITS UN PPIP

[15:13] {Threei}  DRYS

[15:13] {Threei}  SAID TO HAVE WON A MATERIAL CONTRACT FROM PETROBAS

[15:16] {dino} buy side imbalances

[15:17] {Threei}  I'll have to leave in 15 min guys, finishing a tad earlier today

[15:17] {Threei}  wife's birthday, promised to take her to lunch

[15:17] {dino} wish her a happy (and be nice)

[15:17] {Threei}  I promise former

[15:18] {Threei}  but I don't do nice

[15:19] {magoo} have good one vad

[15:19] {Threei}  ty

[15:19] {Threei}  I wonder if TAN's worth overnight

[15:20] {Threei}  most likely not but let's keep it on radar

Apr 21 2009

Quite a day in the market. What a comeback by financials. We stayed conservative and very picky, and it paid. Not too many plays but all wins with just one or two stops. Played both sides, long and short.

Session Time: Tue Apr 21 00:00:00 2009

[08:06] {nemo} gm

[08:06] {nemo} Vad what chart server?

[08:06] {Threei}  morning

[08:06] {Threei}  none of them works

[08:07] {nemo} Makes me feel better...thought it was me

[08:07] {nemo} then again...maybe it is

[08:08] {nemo} Having a nice nor-'easter here today...so I might get knocked off the net anyway

[08:09] {KSystems} morning :)

[08:09] {Threei}  KS :)

[08:09] {nemo} Tag Herrn K

[08:10] {Threei}  earnings season starts with suffering

[08:12] {patience} good morning RT  :)

[08:13] {Threei}  patience :)

[08:31] {Threei}  TREASURY SEC GEITHNER: TREASURY HAS THE RESOURCES IT NEEDS TO MOVE FORWARD ON ALL ASPECTS OF ITS STABILITY PLANS; $109.6N LEFT IN TARP

[08:36] {Threei}  US TARP INSPECTOR GENERAL BAROFSKY: TOO EARLY TO DETERMINE IF TARP BEING USED APPROPRIATELY - CNBC

[08:38] {Threei}  - AIG counterparty payments being audited, expect full report out this summer.

[08:40] {pita} gm boys and girls

[08:40] {nemo} chart server 1 working

[08:40] {Threei}  pita :)

[08:41] {Threei}  they are all coming back

[08:41] {nemo} FAZ is back...FAS dominance lasted about 10 minutes

[08:42] {Threei}  dominance? the only thing FAS dominated yesterday and this morning is its own prison cell

[08:43] {Threei}  USB EXEC: IF STRESS TESTS COME OUT POSITIVE, HOPE TO ARRANGE REPAYMENT OF TARP FUNDS - CONF CALL

[08:45] {magoo} morning

[08:45] {Threei}  magoo :)

[08:53] {magoo} skf going nuts

[08:55] {Threei}  FAZ too

[08:56] {cosmo} DDRX had good drug sales

[08:57] {dptl} good morning all

[08:57] {Threei}  dp :)

[09:02] {jfjf64} mornin all

[09:03] {cosmo} BRCM healing pre mkt

[09:03] {Threei}  jf, cosmo :)

[09:03] {cosmo} 19.40 lod

[09:03] {ese} good morning

06[09:03] * magoo slaps laserdave around a bit with a large trout

[09:03] {cosmo} 3i:)

[09:03] {magoo} i shorted GS at 113.41

[09:04] {cosmo}  Broadcom Offers to Buy Emulex for $9.25 Per Share Cash - Emulex S

[09:04] {cosmo} oaring in Pre-Market

[09:04] {Threei}  ese :)

[09:04] {vinod} gm to all

[09:05] {ese} whats lookin interesting

[09:05] {ese} vinod

[09:05] {Threei}  vinod :)

[09:06] {magoo} oil falling 

[09:06] {ese} Fitb is approaching that buy all you can territory

[09:06] {magoo} not good for stocks

[09:06] {dino} gm all

[09:06] {cosmo} ELX = emulex fyi

[09:06] {Threei}  I thunk it's the other way around mags

[09:06] {ese} dino

[09:06] {Threei}  market drops and drags oil with it

[09:06] {Threei}  dino :)

[09:07] {magoo} out GS + .80

[09:08] {jfjf64} nice start to day

[09:08] {dino} es, fitb, what level, 3?

[09:09] {ese} was in around the 2.75 area with about 20000 a couple of weeks back

[09:09] {dino} education smackdown

[09:10] {ese} faz gapped up ...could be a rough day for financials again

[09:10] {Threei}  it is so far

[09:12] {fernp} Hello everybody

[09:13] {Threei}  fern :)

[09:13] {Threei}  earnings season is off to a rough start eh?

[09:14] {fernp} FITB 3.17  I'm long from yesterday at 3.70... the day does not start well :-)

[09:14] {Threei}  hit over 1:1 AH yesterday...

[09:14] {fernp} true sold half

[09:14] {dino} thx es

[09:21] {ese} does everyone see that post"Earnings season is not time to be a hero"....who posts those

[09:21] {Threei}  lol

[09:21] {dino} "they" do

[09:21] {Threei}  DNDN...

[09:22] {ese} hmmmmm....that one is funny but true

[09:24] {dino} turnaround tuesday is upon us, lets see if pattern holds

[09:24] {ese} speaking of they....this is day ten of the 7 to 10 business days mail for my new visa to get here or i'll be cut off by they

[09:25] {Threei}  dino, I can't help but see bounce candidates everywhere

[09:25] {Threei}  trying to keep myself from calling them all, lol

[09:26] {Threei}  Geithner is talking today

[09:26] {jfjf64} great

[09:27] {magoo} is osama talking today :)

[09:27] {vinod} ese-you need to use visa card and spend to help economy?

[09:28] {dino} i like wnt, mcd, t, txn, wynn

[09:28] {dino} wmt

[09:28] {dino} kndl blood

[09:28] {Threei}  OK guys, let's stay on a conservative side

[09:29] {Threei}  emotions run too high in this market, easy to get hurt

[09:29] {dino} -9

[09:29] {Threei}  prefer to stay in capital preservation mode

[09:29] {ese} I would if i could vinod....

[09:29] {pita} 5k lots?

[09:29] {jfjf64} you drivin boat   gm on

[09:29] {Threei}  lol pita

[09:29] {pita} indeed

[09:29] {ese} anyone thinking shorrt rimm at .60

[09:29] {ese} yesterdays low

[09:30] {Threei}  too many tempting entries out there which probably means most of them will be punished

[09:30] {dino} -10 kndl

[09:30] {ese} too late

[09:30] {dino} rimm gap around 67.80s

[09:30] {dino} 63.80s

[09:30] {Threei}  FED'S HOENIG: INSOLVENT FIRMS MUST BE ALLOWED TO FAIL

[09:30] {dino} thats a new concept

[09:31] {nemo} I sense a hint of sarcasm

[09:31] {dino} :)

[09:32] {magoo} cat bounce vad?

[09:32] {dino} i've been saying that for 9 months

[09:32] {Threei} Long Setup:  FITB  3.01 if stays above 2.90

[09:32] {ese} funny ...real funny

[09:32] {dino} es kndl at some point v sm

[09:32] {Threei}  picking trades with tight enough stops

[09:32] {Threei}  keep them religiously

[09:33] {magoo} in

[09:33] {ese} whoa....talked about being slapped dn

[09:33] {dino} stops are my religion

[09:33] {nemo} in

[09:34] {Threei}  DNDN, this is truly annoying, lol

[09:34] {dino} grrr mcd, wmt txn left w/o me

[09:36] {nemo} FAS going but FITB not following

[09:37] {Threei}  teakes longer than I would like

[09:37] {Threei}  stop to under 2.95

[09:38] {dino} blood esi, apol

[09:38] {Threei}  1:1

[09:38] {dptl} out .10 ty fitb

[09:38] {Threei}  half or scalp, your choice

[09:38] {magoo} out .15 TY

[09:38] {fernp} out TY

[09:39] {vinod} out all 0.14

[09:39] {pita} out ty

[09:39] {Threei}  welcome guys

[09:39] {jfjf64} out.14   ty

[09:39] {ese} L fitb .09

[09:39] {nemo} out .14

[09:39] {nemo} ty

[09:40] {Threei}  wow ese

[09:40] {Threei}  why so high

[09:40] {nemo} musician?

[09:40] {Threei}  1:2

[09:40] {Threei}  out in full 3.23

[09:41] {jfjf64} nice read

[09:41] {Threei}  sometimes I hate these discipline restraints... look at BAC

[09:42] {ese} missed lower

[09:42] {Threei}  was so freakishly tempting around 7

[09:42] {dawg} out in full .26 thank you Vad

[09:42] {Threei}  it spent wuite coniderable time around 3 ese... wake up, will ya

[09:42] {Threei}  dawg :)

[09:42] {ese} out Fitb .26

06[09:43] * Threei send ese hypodermic needle filled with strong coffee

[09:43] {nemo} RIMM up over a buck

[09:43] {Threei}  [09:25] {Threei} I can't help but see bounce candidates everywhere

[09:43] {Threei}  sigh

[09:43] {ese} wow look at it go

[09:44] {nemo} better than seeing dead people

[09:44] {Threei}  old version nemo... modern is 'I see dead pixels"

[09:44] {nemo} Buy new monitor

[09:44] {ese} market internals still don't look good though....TRIM 3.43  not good

[09:44] {Threei}  CONNECTICUT TREASUER CALLS FOR CEO KEN LEWIS' RESIGNATION

[09:44] {ese} TRIN...sorry

[09:45] {Threei}  does Connecticut have a share in BAC?

[09:45] {nemo} resignation...how bout give him the Mel Gibson treatment in Braveheart

[09:45] {jfjf64} lol

[09:45] {Threei}  IMF: DELEVERAGING MAY LEAD TO CREDIT CONTRACTION IN THE US AND EUROPE BY APPROX 4%

[09:45] {nemo} 4% will be conservative

[09:46] {Threei}  DNDN... if pattern holds, it should sell down to 19.50 or so, stall for a while, then start bounces

[09:47] {ese} TRIN 3.15 somebodys selling a sh%$% load of something

[09:48] {nemo} flocking RIMM

[09:49] {Threei} Short Setup: RIMM  half lot .50 breakdown if stays under .70 from now on

[09:50] {Threei}  invalidated for now

[09:52] {dino} chips moving, intc, txn

[09:53] {Threei}  what an unlikely stock to be nicely green... DRYS

[09:55] {Threei}  FAZ closing gap

[09:55] {Threei}  watching for bounce

[09:57] {dino} kndl l .60 risky

[09:58] {ese} am watchin that dino..... 

[09:59] {dino} sm that was

[10:00] {dino} stop to .47 kndl

[10:01] {Threei}  PALM is oblivious to the market

[10:02] {pita} missed FAZ bounce

[10:03] {Threei}  yeah, didn't really form anything safe enough for entry

[10:03] {dino} kndl to b/e

[10:04] {nemo} RIMM short?

[10:04] {Threei} Long Setup:  WFC  .30 break half lot

[10:04] {nemo} too fast

[10:04] {Threei}  use pullback

[10:05] {Threei}  frist strength from her

[10:05] {Threei}  if loses .15, leave it be

[10:05] {Threei}  stop under .15

[10:06] {dino} stop to .99 kndl

[10:06] {Threei}  no worky

[10:06] {jfjf64} invalid

[10:06] {dino} out .00, +.40

[10:06] {Threei}  FITB pulled back into decent entry zone

[10:06] {cosmo} CENX 3.28 hod

[10:07] {ese} yes

[10:07] {Threei}  WFC needs quick drop under 17

[10:07] {cosmo} no news cenx

[10:10] {ese} l fitb .245

[10:10] {Threei} Long Setup:  WFC  17.05 break if stays above 16.95

[10:11] {Threei}  invalidated

[10:11] {ese} out fitb .33 15000 of the little blighters

[10:11] {Threei}  good one ese

[10:11] {jfjf64} we will get it 31

[10:11] {nemo} FITBs ese's bitch lately

[10:12] {jfjf64} 3i

[10:12] {ese} tks

[10:12] {fernp} out FITB ty Vad was a decent zone

[10:12] {Threei}  :)

[10:12] {Threei}  lol WFC

[10:12] {Threei}  I know how to play it

[10:13] {jfjf64} k

[10:13] {Threei}  define setup, wait for it to get invalidated, buy under the original stop level

[10:13] {magoo} i took .05 vad

[10:14] {jfjf64} are ya in

[10:14] {dino} esi v sm l .50

[10:14] {Threei}  who?

[10:14] {magoo} i am

[10:15] {jfjf64} 3i   wfc??

[10:15] {Threei}  why would I?

[10:15] {Threei}  original setup was invalidated

[10:15] {jfjf64} ??sorry   

[10:16] {dino} kndl sm l .20

[10:16] {pita} discipline, discipline - message to self

[10:17] {Threei}  CAT nice pullback

[10:18] {Threei} Long Setup:  CAT  .15 if stays above 29.05

[10:18] {ese} vad would there ever be a time when financials act against FAZ....

[10:19] {Threei}  some particular ones could

[10:19] {Threei}  as a sector, no

[10:20] {elepet} good morning

[10:20] {Threei}  elepet :)

[10:22] {nemo} RIMM short?

[10:22] {Threei}  half lot

[10:22] {nemo} teasing us

[10:22] {Threei}  invalidated anyway

[10:23] {nemo} yep

[10:23] {Threei}  watch for new consolidation though

[10:23] {nemo} below .50

[10:23] {dptl} cat?

[10:23] {Threei}  don't know dp

[10:23] {dptl} ok

[10:24] {Threei}  maybe if reestablishes the range

[10:24] {Threei}  at least one more pullback

[10:24] {Threei}  holding above comfortable stop level, then break

[10:24] {ese} thinkin L faz here

[10:26] {ese} L faz .20

[10:26] {Threei}  no entry CAT still

[10:27] {nemo} what stop ese?

[10:27] {ese} .15

[10:27] {ese} l 2 lots

[10:28] {ese} break even now

[10:28] {Threei}  you have 1:3 here

[10:28] {ese} out faz .34 +.14

[10:28] {nemo} 20000 of the little buggers, huh ese?

[10:29] {ese} no not on this one...don't have that kind of nerve

[10:30] {Threei}  PALM lost its mind

[10:30] {ese} would sure like to see FITB around the 3.00 mark again

[10:31] {Threei}  sheesh CAT

[10:32] {larisa} bounced after doing 100% retrace

[10:33] {ese} nice bounce

[10:33] {Threei}  bounce zone was clear, but the dance they do before jumping up is making ewntry quite a challenge

[10:33] {ese} palm keeps on ticken as well

[10:34] {Threei}  WFC

[10:34] {nemo} RIMM teasing again

[10:37] {Threei}  FAZ pullback into bounce zone

[10:39] {Threei}  hate to be so vague but I have hard time nailing exact entries today

[10:40] {nemo} volumes pretty strong this morning

[10:40] {dino} welcome to my world

[10:40] {Threei}  things move in price areas rather than in preice levels

[10:41] {dino} xlf gap around 9.25 

[10:44] {ese} LFitb .30

[10:45] {Threei}  one more crazy thing: ARST

[10:46] {dino} what did you call me

[10:47] {nemo} ha....ha....ha....

[10:48] {dino} arst down big yesterday only thing i see

[10:48] {nemo} got a big kick in the arst...huh Dino?

[10:48] {ese} out Fitb .37

[10:49] {dino} :)

[10:50] {Threei}  remember photo op of prez wioth CAST CEO when they pushed stimulus through?

[10:50] {dino} hmmm ibm misses goes up, txn beats goes down

[10:50] {Threei}  CAT ceo

[10:50] {Threei}  look at this:

[10:50] {Threei}  CAT EXEC: US GOVT STIMULUS PROGRAM IS DISAPPOINTING AND "MISSED AN OPPORTUNITY

[10:51] {dino} because only 4% goes to infrastructure

[10:53] {Threei}  WFC is 60 cents up from the moment I gave very clear buy signal:

[10:53] {Threei}  [10:34] {Threei} WFC

[10:53] {Threei}  can I claim the credit?

06[10:53] * magoo slaps Threei around a bit with a large trout

[10:53] {nemo} NOPE

[10:53] {magoo} no u didnt take it

[10:53] {Threei}  sigh

[10:54] {magoo} out WFC here .43

[10:54] {Threei}  lol

[10:56] {nemo} Think RIMM will make up it's mind anytime soon?

[10:58] {Threei}  feels rather like rally in the making

[10:58] {vinod} Politician on TV with geithner trying to figure out 1+1=3 or=1.5

[10:59] {Threei}  lol

[10:59] {jfjf64} wfc  wow

[10:59] {Threei}  just pick anything but FAZ and buy

[10:59] {Threei}  BAC... WFC...

[11:00] {Threei}  TCK

[11:00] {Threei}  ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED

[11:00] {Threei}  hatled

[11:04] {Threei}  FAS green

[11:05] {Threei}  I identified trading skill I need to master

[11:05] {Threei}  throw the discipline out of the window and buy when I feel so

[11:06] {larisa} you do not need a skill for that :)

[11:06] {ese} we do but vad doesn't

[11:06] {Threei}  well, I have discipline ingrained so deeply, I really do :)

[11:07] {magoo} just throw out trades and keep stops boss

[11:08] {Threei}  and when tooo many of them get stopped, we hhave what we did yesterday

[11:08] {Threei}  not many are happy with that either

06[11:08] * magoo slaps Threei around a bit with a large trout

[11:08] {jfjf64} correct

[11:08] {vinod} trade out of frustration. The market punishes angry traders

[11:08] {magoo} snap out of it

[11:08] {magoo} wheres they russian bear i admire

[11:08] {Threei}  lol

[11:09] {magoo} risk IS our business

[11:09] {Threei}  APWR

[11:09] {Threei}  WINS TWO CONTRACTS TOTALING $75.3 MILLION FOR ANHUI WENERGY CO., LTD.''S BIOMASS-BASED MICRO-GRID ELECTRICITY GENERATION PROJECTS

[11:09] {Threei}  no

[11:09] {Threei}  managing risk is our business

06[11:09] * magoo slaps Threei around a bit with a large trout

[11:10] {magoo} your so licky i cant put in my own words

[11:10] {Threei}  and today just hasn't presented enough opportunities with manageable risk

[11:10] {Threei}  APWR

[11:10] {Threei}  wow

[11:10] {jfjf64} crazy

[11:15] {magoo} BAC crazy

[11:15] {dino} dino slaps vad around saying get w/it

[11:16] {Threei}  FITB goes back over 4 or what

[11:16] {nemo} in anything I grabbed a bagel?

[11:16] {Threei}  CAT

[11:16] {Threei}  CFO: CAT FINANCIAL HAS DONE A REMARKABLE JOB IN A TOUGH ENVIRONMENT, MAINTAINING LIQUIDITY WITHOUT NEEDING TO ISSUE MORE DEBT IN THE QUARTER; CALLS CAT FINANCIAL A "SIGNIFICANT ASSET" FOR THE COMPANY - CONF CALL

[11:16] {dino} kndl stop to .60

[11:17] {dino} patting himself on the back, cat

[11:17] {nemo} see RIMM jumpe while I was gone

[11:18] {nemo} What happened to TCK?

[11:18] {Threei}  [11:00] {Threei} TCK

[11:18] {Threei}  [11:00] {Threei} ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED

[11:18] {Threei}  [11:00] {Threei} hatled

[11:20] {dino} titn l .01

[11:22] {ese} still don't like the TRIN at 2.87...someone somewhere is selling like crazy......me thinks this market is going down tomorow

[11:22] {magoo} too far away es

[11:22] {ese} too true eh...

[11:23] {ese} as one of vads students....i should be disciplined for that remark

[11:24] {dino} kndl to .69

06[11:24] * nemo slaps ese around a bit with a large copy of MPP, TTR, and The Marquis DeSade

[11:25] {Threei}  I can't believe FITB

[11:25] {Threei}  I can't believe I missed whole rally today either

[11:25] {Threei}  I need a week in Tibet cave

[11:26] {magoo} with magoo

[11:27] {Threei}  sorry mags, I am as straight as they get

[11:27] {magoo} oh F

[11:27] {magoo} me too

[11:27] {nemo} how's you're ankle Mags?

[11:27] {magoo} baddddd

[11:27] {Threei}  I like you... but not that much

[11:27] {magoo} i dont even like yuo lol

[11:27] {Threei}  lol

[11:27] {Threei}  good one

[11:27] {dino} out kndl +.49

[11:27] {Threei}  can't blame you though, I don't like myself today either

[11:29] {Threei}  didn't see whole yesterday selloff as anything but shakeout, and said that; saw today opening as buying opportunity and said that; and all I came up with were those couple FITB scalps?

[11:33] {nemo} tck biing again @ 9.68

[11:33] {dino} plenty of day left vad

[11:35] {ese} signing off for about an hour....gotta teach a fun class...this is fun music is fun...it's a good life

[11:37] {dino} have fun

[11:41] {dptl} cenx?

[11:42] {Threei}  TCK open

[11:42] {dino} otex

[11:43] {Threei}  ugh... missed actual opening time

[11:43] {jfjf64} ??

[11:44] {nemo} [11:33] {nemo} tck biing again @ 9.68

[11:48] {pita} C&H on QQQQ?

[11:48] {Threei}  yes

[11:51] {dino} mygn 

[11:53] {Threei}  .65 is Qs break point

[11:54] {Threei}  but pullback is a bit too deep

[11:56] {vinod} you mean qqqq?

[11:57] {Threei}  yeah

[11:58] {pita} later all

[11:59] {Threei}  take care pita

[12:00] {Threei}  no news MYGN

[12:00] {Threei}  no idea what kills it

[12:03] {dino} sm l otex .12

[12:04] {Threei}  FAZ... 10.50 break is a short trigger

[12:04] {wulff} you like FAS break?

[12:04] {Threei}  which is yeah, FAS breakout trigger

[12:05] {Threei}  lunch time...

[12:07] {dptl} .68 stop for faz?

[12:08] {Threei}  above .65

[12:08] {dptl} in

[12:09] {Threei}  CAT CEO: DIVIDEND WILL ENDURE MORE DISCUSSION; WANTS TO KEEP DIVIDEND - CONF CALL

[12:10] {dino} cut coming

[12:10] {Threei}  lol

[12:10] {nemo} in reverse, Faz aove 60 long, FAS short?

[12:11] {nemo} above

[12:11] {Threei}  .65 is top of the range

[12:11] {Threei}  don't know really

[12:11] {nemo} oh yeah, plus lunch

[12:14] {dino} otex stop to .34

[12:19] {Threei}  meaningless 2 cents up, 2 cents down...

[12:19] {nemo} I think I'll go pet the horses

[12:21] {dino} otex to .52

[12:24] {dptl} anybody in faz still?

[12:24] {dawg} yes

[12:25] {Threei}  (US) FED'S STERN: WARNS THAT SOME SMALLER FIRMS CAUSE A SIGNIFICANT SYSTEMIC RISK, WOULD NOT BE IDENTIFIED BY A TEST BASED ON SIZE

[12:25] {Threei}  - Focusing on constraining the size of banks and financial firms could squander chances for reform

[12:25] {Threei}  will they ever shut up?

[12:26] {Threei}  none opf them said anything that resulted in something constructive, any single time

[12:27] {dptl} i am out .35 faz ty

[12:27] {dawg} out in full faz ty Vad

[12:27] {Threei}  welcome guys... entry at the upper end of the range would be best

[12:27] {dino} time will fix the problem, hands off is best 

[12:28] {Threei}  TCK is consolidating interestingly

[12:28] {dino} fstr

[12:29] {Threei}  worth a try IMO

[12:29] {Threei}  .75 break

[12:29] {Threei}  with stop under .65

[12:32] {dptl} in

[12:33] {magoo} innnnnnnnnnnnnnnnnnnnnn

[12:33] {nemo} in

[12:34] {dino} out otex .59, +.47

[12:35] {dino} apol sm l .50

[12:38] {ese} hi there...back

[12:40] {ese} everybody filthy stinking rick yet....hmmmmmmm....whats takin ya so long

[12:40] {ese} rich

[12:40] {Threei}  yes ese

[12:41] {Threei}  we took a page from your book

[12:41] {Threei}  and usurped your ATM

[12:41] {ese} lol

[12:41] {Threei}  scalped 2 billion shares on FITB 3 times from .78 to .83

[12:41] {magoo} and only 345,000 commission 

[12:41] {Threei}  shh mags... don't tell him the best part

[12:42] {ese} rotfl

[12:42] {Threei}  that we delegated commssions to him

[12:42] {Threei}  while keeping profits to ourselves

[12:42] {ese} alright...alright already.....

[12:42] {ese} too funny

[12:42] {magoo} forgot i was in tck lol

[12:43] {Threei}  President leaves the door open to prosecution Bush's admin offials

[12:44] {magoo} for what?

[12:44] {Threei}  I swear, this presidency is going to be so divisive, Bush and Cheney will look like two kissing doves of peace to us

[12:44] {Threei}  for torture magoo

[12:45] {magoo} its like mccarthyism

[12:45] {Threei}  not that I would be willing to go bhunting with Cheney, mind you

[12:45] {nemo} just stay behind him

[12:46] {dptl} still same stop for tck?

[12:47] {Threei}  it was so close to 1:1, I'd guess trailing to under .70 makes sense

[12:47] {dptl} ok ty

[12:49] {Threei}  FITB break of .80 - I really struggled with that call, and it danced in place fo so long

[12:49] {Threei}  then suddenly took off

[12:49] {Threei}  shrug

[12:50] {Threei}  TCK on the other hand, whicbh is much more mobile than FITB... goes nowhere

[12:50] {nemo} Big pop today, also challenging six month highs

[12:50] {nemo} Might be having a Wile E. moment

[12:51] {Threei}  FAS/FAZ...

[12:52] {Threei}  I really can't even define what reasonable is in this market

[12:52] {jfjf64} ?

[12:52] {magoo} WFC BAC highs STRONG

[12:52] {Threei}  find me one single person in the world who would expect FAS 2 dollars move off lows

[12:53] {Threei}  or FAZ 3 1/2 drop

[12:53] {nemo} may be snapback from the phony story on banks failing stress test yesterday

[12:54] {Threei}  I don't believe that story had much to do with drop

[12:54] {magoo} out TCK

[12:54] {magoo} cant take it lol

[12:54] {Threei}  it looked phony from the get-go and was largely dismissed as such by any serious source

[12:55] {Threei}  it just coincided with "normal" drop

[12:57] {dptl} stopped tck

[13:01] {ese} gotta figure the faz is gonna reverse some ...

[13:01] {Threei}  well

[13:01] {Threei}  question is:

[13:02] {Threei}  how do you tell whether it happens at -1, - 2 or -3 1/2 off the top?

[13:02] {Threei}  unless it forms decent setup

[13:02] {Threei}  which it doesn't

[13:02] {magoo} u ask magoo..he'll tell u  

[13:02] {Threei}  okay

[13:02] {Threei}  magoo?

[13:02] {dino}  out esi .60, +1.10

[13:02] {Threei}  where does FAZ reverse?

[13:02] {dino} nflx

[13:03] {magoo} but prob is i like financials long

[13:03] {ese} were you short dino

[13:04] {ese} wasn't here when you got in

[13:05] {dino} l from hours ago

[13:05] {KSystems} chinggis :) welcome

[13:05] {dino} 97.50 in

[13:05] {ese} nice

[13:05] {dino} had 2.50, blew it

[13:05] {ese} what kinda stop...trailing

[13:06] {dino} 100 shares only 3 buck

[13:06] {dino} gets to 96 area will hit again

[13:07] {Threei}  GOOG

[13:07] {Threei}  CFO: COMPANY HAS NOT CUT ANY OF ITS R&D SPENDING

[13:08] {magoo} hmmmmmmmmm

[13:09] {Threei}  market seem to be reversing to me

[13:09] {Threei}  watching WFC for short in .70 area

[13:10] {magoo} u read my mind

[13:10] {magoo} honestly

[13:11] {Threei}  if this is not a scary hought...

[13:11] {nemo} you two together in a cave...that's scary

[13:11] {Threei}  first weakness from here, with stop .80

[13:11] {magoo} futes pop

[13:12] {magoo} everythings moving higher carefu;l

[13:12] {Threei}  in .74

[13:13] {Threei}  stop is negligible

[13:13] {dptl} .73

[13:13] {nemo} for a short

[13:13] {dptl} .81?

[13:13] {nemo} boy's got stunads

[13:13] {Threei}  .81 - .82, yeah

[13:13] {magoo} short bacon .73

[13:14] {magoo} oops, bacon = bac

[13:15] {magoo} we call it bacon dino and i

[13:15] {Threei}  I knew there must have been someother weirdos out there, not just me

[13:16] {Threei}  ty for confirmation

[13:16] {magoo} u call it that?

[13:16] {Threei}  covering half .64

[13:16] {Threei}  scalpers take yor profit

[13:16] {magoo} iu that too

[13:16] {Threei}  and, as they say in the Bahamas, protect ya tings

[13:17] {dptl} half out

06[13:18] * Threei sends WFC a black mark in the envelope

[13:18] {dptl} out all .52 ty

[13:18] {Threei}  welcome

[13:18] {Threei}  gosh... first really easy play today

06[13:19] * Threei slaps magoo around a bit with a large roll of cash

[13:19] {vinod} ty great call wfc cover 0.55

[13:19] {Threei}  covering 1/4 more .50

[13:19] {Threei}  vinod :)

[13:19] {Threei}  got exactly what I wanted, bounce into upper BB envelop to short into

[13:20] {Threei}  out in full

[13:20] {vinod} i usually go in full and out full untill i get used too

[13:20] {Threei}  .44, +.30

[13:20] {Threei}  I do too whne I scalp

[13:20] {magoo} out .44 WFC

[13:20] {magoo} ty vad

[13:20] {Threei}  but this one was begging for bigger move

[13:20] {Threei}  welcome mags

[13:20] {magoo} still short bacon

[13:21] {magoo} ok..out bacon .65

[13:21] {Threei}  this is truly offensive for us, meat-eaters

[13:21] {Threei}  I suggest ban on BAC shorting

[13:21] {magoo} i know i know..i am in that group

[13:22] {magoo} never happen

[13:22] {Threei}  from now on, this room can only go long BAC

[13:22] {Threei}  you want short financial neame, pick any other

[13:24] {Threei}  come to think of it, that short entry was also double top with second one made on lower volume

[13:24] {Threei}  I didn't realize it at the time,

[13:24] {Threei}  mentioning now in educational purposes

[13:25] {larisa} I thought you played that pattern, what pattern you you used to get in ?

[13:26] {Threei}  establishing downtrend, bounce into upper BB channel without making new high

[13:26] {Threei}  that it coincided with double bottom became clear to me after the fact, lol

[13:26] {Threei}  sometimes I am slow

[13:27] {Threei}  first who jokes about "sometimes" gets trouted relentlessly

06[13:27] * Threei looks at magoo

06[13:27] * Threei looks at nemo

[13:27] {Threei}  okay then...

[13:28] {magoo} sometimes???

[13:28] {Threei}  too late... I holstered the trout already

[13:29] {Threei}  WFC

[13:29] {Threei}  upper BB is .60

06[13:29] * nemo slaps magoo around a bit with a large chatroom etiquette

06[13:29] * nemo slaps magoo around a bit with a large book of chatroom etiquette

[13:30] {Threei}  C

[13:30] {Threei}  - CEO Pandit: Govt has no active role in Citi's management (reminder: yesterday reports surfaced that the FDIC had discusssed replacement for Citigroup CEO)

[13:30] {Threei}  not since McCarthy times was gornment such a scarecrow

[13:31] {nemo} WFC short below .40?

[13:31] {Threei}  no

[13:31] {Threei}  I don't want to short breaks

[13:31] {Threei}  bounces if you can get good entry

[13:31] {Threei}  it's not an easy way bit much safer

[13:33] {Threei}  how about this?

[13:33] {Threei}  imagine getting caught in that spike

[13:34] {nemo} Yes...but I figured if it broke that support @ .40 it was good until support @ about .30 for a scalp.  I would have had to been fairly quick, which is not my modus operandi

[13:35] {nemo} TCK breaking down

[13:36] {Threei}  upper BB .60, high of previous bounce right there too

[13:36] {Threei}  let it bounce close, pause,

[13:36] {Threei}  if it doesn't make new high and start breaking down, short it

[13:36] {Threei}  while keeping an eye on FAZ

[13:36] {Threei}  to make sure it tunrs up

[13:36] {Threei}  your stop will be minimal

[13:37] {nemo} if it breaks .60 go long

[13:37] {Threei}  higher high, no go

[13:37] {nemo} broke .60

[13:37] {Threei}  nah

[13:37] {Threei}  no shorting doesn't necessary mean long

[13:38] {Threei}  FAZ

[13:38] {Threei}  watching for bounce

[13:39] {Threei}  missed

[13:40] {Threei}  pullback closer to 10 if we get lucky

[13:40] {Threei}  C

[13:40] {Threei}  CEO: WANTS TO RESTORE DIVIDEND AS FAST AS POSSIBLE

[13:40] {nemo} depends on how much more taxpayer money he can get

[13:40] {Threei}  in FAZ

[13:40] {Threei}  stop under 10

[13:41] {Threei}  no worky

[13:41] {magoo} BAC vad

[13:41] {magoo} .92

[13:41] {magoo} finnies too STRONG

[13:41] {Threei}  not sure where this spike is coming from, no news that I see

[13:45] {Threei}  sheesh

[13:45] {Threei}  that's not trading, that's shooting darts

[13:45] {magoo} really..double sheesh

[13:45] {nemo} while ducking incoming

[13:45] {Threei}  what the deuce was that

[13:45] {nemo} a deuce bag

[13:46] {magoo} allow me vad.............

06[13:46] * magoo slaps nemo around a bit with a large trout

06[13:46] * magoo slaps nemo around a bit with a large trout

06[13:46] * magoo slaps nemo around a bit with a large trout

[13:46] {Threei}  thank you

[13:46] {nemo} What took so long

[13:47] {magoo} this is a preschool site nemo

[13:47] {magoo} u ever see the baby on etrade?

[13:47] {Threei}  heh..two can play this game

[13:47] {magoo} vad stole him to laser

[13:47] {Threei}  took .98 on FAZ, out 10.10

[13:48] {Threei}  watch these teleportations

[13:48] {Threei}  there is a rythm to them

[13:48] {Threei}  they are scalpable

[13:49] {KSystems} faz? i bought it for a swing...

[13:49] {nemo} Vad interesting formation on TCK

[13:49] {Threei}  ?

[13:50] {nemo} Wedge up off that bottoming Bollinger band setup you like

[13:51] {nemo} Preschool?  When's nap time?

[13:51] {Threei}  way too narrow for that nemo

[13:53] {Threei}  anyone caught entry on FAZ this time?

[13:53] {Threei}  not something easy to call in time with these lightening moves

[13:53] {Threei}  you have to get the idea and catch it yourself

[13:54] {ese} signing off for the day   see ya tomorow

[13:54] {Threei}  should pullback now

[13:54] {Threei}  take care ese

[13:54] {magoo} buy ese

[13:54] {ese} see ya vad and thank you

[13:54] {ese} see ya mags

[13:54] {Threei}  welcome, even though I am not sure for what

[13:54] {Threei}  but hey... I am not the one to turn down heartfelt thank you

[13:55] {Threei}  here is my pullback

[13:55] {Threei}  a few cents more and bounce

[13:57] {Threei}  SEC'S SHAPIRO: SEC EXPLORING A PROPOSAL OVERY 'PAY TO PLAY' FUND RULES

[13:57] {Threei}  see the rythm?

[13:59] {Threei}  anyone got it??

[14:00] {Threei}  come on guys

[14:00] {magoo} i'm a white trader, i got no rythgm

[14:00] {nemo} me neither

[14:00] {dino} sm l nflx .50

[14:00] {magoo} cant jump either

[14:00] {nemo} although  TCK is up

06[14:00] * Threei slaps magoo around a bit with a large manuscript of political correctness

[14:00] {magoo} SEEEEEEEEE

[14:01] {magoo} reverse discrim

[14:01] {magoo} i cant even mention im white he he

[14:01] {nemo} Custodial engineer will be back at work again at the close

06[14:01] * Threei slaps magoo around a bit with a large affirmative action manual

[14:01] {magoo} or that i cant jump

[14:01] {nemo} Well...you broke your ankle, and your old

[14:02] {nemo} you're

[14:02] {Threei}  and overweight

[14:02] {magoo} holy crap, kickin magoo lol

[14:02] {nemo} pot calling the kettle black there

[14:02] {Threei}  hey, how often do we get a chance to kick a guy with broken ankle?

[14:02] {nemo} Me...often

[14:02] {Threei}  sorry, but we can't let such opportunity go

[14:03] {magoo} u know..i can accept that reasoning

[14:03] {nemo} understood...Can we make fun of his looks?

[14:03] {nemo} FAZ broke resistance

[14:04] {Threei}  feels to me FAZ is going to be ofgf to races very soon

[14:05] {Threei}  and market will be dropping some more

[14:09] {Threei}  FAZ entry is coming

[14:10] {Threei}  MYGN

[14:10] {Threei}  JP MORGAN MAKING POSITIVE COMMENTS - UPDATE

[14:12] {Threei}  in .15

[14:13] {Threei}  ugh... wanted to short WFC around .40

[14:13] {Threei}  no chance I guess

[14:13] {Threei}  half out FAZ

[14:14] {magoo} i took skf off call

[14:14] {Threei}  not too shabby

[14:15] {magoo} in 64.50

[14:15] {Threei}  [14:04] {Threei} feels to me FAZ is going to be off to races very soon

[14:15] {Threei}  I think I am getting my grip on the market back

[14:15] {jfjf64} yabba dabba fazz

[14:15] {magoo} and magoo interprets as..looky SKF

[14:15] {Threei}  why not... same thing...

[14:15] {Threei}  ballbreaker, nutcracker...

[14:16] {magoo} hmmmmmmmmm

[14:17] {Threei}  pullback is coming

[14:17] {nemo} in market or FAZ?

[14:17] {Threei}  FAZ should drop into .28 - .30 area

[14:17] {Threei}  in FAZ

[14:17] {Threei}  ounce for market

[14:17] {Threei}  bounce

[14:18] {Threei}  (JP) BANK OF JAPAN TO REPORTEDLY TRIM GDP FORECAST IN 2009 TO -5% TO -3% - NIKKEI NEWS

[14:18] {Threei}  - Reminder: last night a Govt source indicated that officials in Japan were to lowe their GDP forecast to -3%

[14:19] {Threei}  no pullback

[14:20] {vinod} coun't get in faz

[14:20] {magoo} out .70

[14:20] {magoo} + 1 something

[14:20] {Threei}  SKF?

[14:20] {Threei}  good one

[14:20] {magoo} yeah

[14:20] {magoo} [14:15] {magoo} i took skf off call

[14:20] {magoo} [14:15] {&Threei}  not too shabby

[14:20] {magoo} [14:16] {magoo} in 64.50

[14:20] {magoo} [14:16] {&Threei}  [14:04] 

[14:22] {dino} stopped nflx-.28

[14:24] {dptl} wfc short?

[14:25] {Threei}  feels to me yes

[14:25] {Threei}  and FAZ long

[14:25] {Threei}  exact entries is a headache to call

[14:25] {dptl} yeah

[14:26] {Threei}  sorry guys, this is kind of situation where all I can do is oputline general idea and now and then give you entries when I can

[14:26] {Threei}  doesn't happen often,

[14:26] {Threei}  normaslly I am very precise with entries stops and to certain degree exits

[14:27] {Threei}  but today is now it

[14:27] {Threei}  look

[14:27] {Threei}  what the heck just happened?

[14:28] {Threei}  today is NOT it I meanr

[14:28] {dino} nflx big rinse

[14:30] {Threei}  in FAZ .22

[14:30] {Threei}  stop under .10

[14:30] {vinod} infaz 10.14

[14:30] {Threei}  out

[14:30] {Threei}  shrug

[14:31] {vinod} i have stop at 10.00

[14:35] {vinod} stoped

[14:35] {Threei}  quite amazing waves

[14:40] {vinod} now it going to be 11.

[14:40] {vinod} since i am out

[14:41] {Threei}  or 9

[14:41] {Threei}  and you'll be very happy to be out

[14:41] {vinod} yes, it is part og play

[14:41] {vinod} of

[14:43] {nemo} pullback to .95 on FAZ?

[14:44] {nemo} nope

[14:44] {Threei}  can't tell

[14:48] {vinod} this is a phony rally by banks

[14:52] {Threei}  lol

[14:53] {nemo} what?

[14:55] {Threei}  these drops and spikes out of nowhere

[14:57] {dino} apol stop to .20

[15:01] {Threei}  WORLD BANK PRESIDENT: USD WILL REMAIN THE WORLD'S RESERVE CURRENCY

[15:01] {Threei}  heh

[15:01] {Threei}  who would have thought

[15:02] {dino} to .45b apol

[15:02] {dino} to .50

[15:03] {dino} out apol .50, +1.00

[15:05] {vinod} Threei  who would have thought -My Original purpose to come to US was to get some green

[15:06] {vinod} But they made me work for it

[15:07] {Threei}  lol

[15:07] {Threei}  look at FAZ

[15:07] {Threei}  glad you are out?

[15:08] {dino} intc l .15

[15:08] {vinod} you are correct it going to be at 9

[15:08] {cosmo} fas hod

[15:09] {Threei}  US) EPA: WAXMAN-MARKEY CLIMATE BILL WOULD HAVE A FAVORABLE ECONOMIC IMPACT, COULD PLAY A KEY ROLE IN ECONOMIC RECOVERY

[15:09] {Threei}  - Note that this bill is centered around a cap-and-trade system that is intended to reduce American greenhouse gas emissions to 20% below 2005 levels by 2020, and to 83% below 2005 levels by 2050.{

[15:09] {nemo} cap & trade is wealth transfer

[15:09] {nemo} not creation

[15:09] {cosmo} scam too

[15:10] {nemo} so it'll be a net negative because of transaction costs...idiots

[15:10] {Threei}  sigh

[15:10] {cosmo} it never got a stress test either

[15:12] {magoo} vad, we in anythiong?

[15:12] {Threei}  tes

[15:12] {Threei}  in shoskc and awe

[15:12] {Threei}  shock too

[15:13] {magoo} thiong?

[15:13] {Threei}  am I dyslexic...

[15:13] {magoo} in any thong? lol

[15:13] {nemo} hehehehehe

[15:13] {Threei}  I mean, diksleksic

[15:13] {nemo} dyspeptic

[15:18] {magoo} vad, u in any thong here?

[15:18] {Threei}  ummm

[15:19] {Threei}  this is second time today you make me question your orientation, mags...

[15:19] {dptl} lol

[15:19] {magoo} roflol

[15:19] {nemo} careful of your ankle mags

[15:20] {dino} intc to .27

[15:20] {nemo} fas short below .60? or FAZ long?

[15:20] {magoo} my ankle feels like when kathy bates did his ankle in in "misery"

[15:20] {dino} out intc .27, +.12

[15:23] {dino} come over here so i can kick it mapoo

[15:23] {magoo} ma poo??

[15:23] {nemo} His poo?

06[15:23] * magoo slaps dino around a bit with a large trout

06[15:23] * nemo slaps dino around a bit with a large roll of quilted Charmin

[15:24] {dino} lol

[15:25] {Threei}  strange day

[15:25] {cosmo} IYR daily

[15:25] {Threei}  first, my read on the market seems to oscillate today

[15:25] {Threei}  comes back and fades away, time and again

[15:25] {Threei}  second, you guys are beyond strange today

[15:25] {Threei}  but that's fine... oddly enough, I find it comforting

[15:26] {dino} wicked moves today

[15:26] {nemo} pot callin' kettle black again Vader

[15:26] {Threei}  I guess, lol

[15:26] {Threei}  wicked is right

[15:26] {magoo} i have not been myself today he he

[15:26] {Threei}  who would have believed in themorning if told what FAS/FAZ were going to do

[15:27] {dino} lots of stocks down 4-10 bucks, i call that wicked

[15:27] {Threei}  mags... I don't know if that's good or bad, honeslty

[15:28] {nemo} Dino look at stats on FINVIZ.com?

[15:29] {dino} i don't know what to look at, busy

[15:30] {Threei}  UAUA CEO: NO INDICATIONS YET THAT TRAVEL HAS BOTTOMED; DIFFICULT TO FORECAST A BOTTOM

[15:31] {nemo} top of page volumes on NAS below average, average for S&P 120% for dow.  71% advancing 74% above 20 day 80% above 50 day

[15:31] {dino} ok, thx

[15:31] {magoo} i took 100 sh skf long .70

[15:32] {magoo} risky

[15:32] {magoo} would luv multi points

[15:32] {Threei}  100 shares?

[15:32] {Threei}  magoo is replaced by alien today

[15:32] {magoo} lil more..dont want hurt anyobne

[15:32] {nemo} it's the drugs

[15:32] {nemo} his ankle

[15:33] {Threei}  he trades 100 shares, he is gayishif not just gay...

[15:33] {nemo} mmmmmhhhhh....didn't somebody scold somebody about political correctness today

[15:34] {Threei}  I changed my mind

[15:34] {magoo} I AM NOT GAY..AND I AM NOT POLITICALLY CORRECT}}SO DONT GET ME GOINMG HE HE

[15:34] {Threei}  I watched thes story about miss california on TV

[15:34] {nemo} your bat your ball your park

[15:34] {Threei}  I don't want to be politically correct anymore

[15:34] {Threei}  (not that I ever did, lol)

[15:35] {nemo} yeah...at least they don't have a Lubyanka in Canada...I think???

[15:35] {magoo} fcreakin SKF..whenever im niot in it goes like 30 points

[15:35] {Threei}  girl said what she thought, wasn't offensive, wasn't exclusive or dismssive

[15:35] {magoo} when in it blows

[15:35] {Threei}  and got pillored

[15:39] {magoo} no work

[15:41] {dino} txn stop to .05

[15:41] {Threei}  we got inside day today

[15:41] {dino} stopped +.30

[15:42] {Threei}  which means, anyone's guess what happens next

[15:42] {Threei}  my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[15:42] {magoo} out SKF .19

[15:43] {magoo} + but not my 30 points:(

[15:43] {cosmo} BRCM hod test soon

[15:43] {cosmo} 20.39

[15:43] {Threei}  volume on NASDAQ is a bit higher than yesterday

[15:43] {dino} gaps above and below

[15:44] {Threei}  right

[15:44] {Threei}  inside dsay will do that

[15:44] {Threei}  leaves a lot of ucertainety

[15:44] {Threei}  only typed better

[15:45] {dino} fri close gaps up, no gaps today

[15:45] {dino} needed 825 gap to fill, just missed

[15:48] {magoo} MS reports tomorrow morn  vad

[15:48] {magoo} aapl tomorrow after bell

[15:48] {nemo} boy cable here in the backwoods of Maine really SUCKS!!!

[15:48] {dino} t prior

[15:49] {dino} buy dvd's

[15:49] {Threei}  and WFC

[15:49] {nemo} Internet connection

[15:49] {Threei}  lol

[15:49] {magoo} OYYYYYY

[15:50] {dino} then get cnbc dvd

[15:50] {cosmo} brcm gappa?

[15:50] {dino} pretty much same show every day

[15:50] {dino} c'mon titn, pappa needs some new shoes

[15:52] {nemo} did I miss anything between :38 and :48?

[15:53] {magoo} GS should 120..RISKY

[15:53] {magoo} in .,20

[15:53] {Threei}  no nemo

[15:54] {nemo} kewl

[15:54] {Threei}  today went not overly active but profitable

[15:54] {Threei}  and I really don't want to spoil it during these chaotic jumps

[15:54] {Threei}  one must know ones limitations

[15:54] {Threei}  and one has magoo to remind of them if one forgets

[15:55] {magoo} oh yea..look GS

[15:56] {Threei}  mama mia, FAZ

[15:56] {Threei}  -3 from the top

[15:56] {magoo} 120

[15:56] {Threei}  you would expect this kind of magnitude from $40 stock, not from under $10

[15:56] {dptl} have a good evening all

[15:57] {magoo} [15:54] {magoo} GS should 120..RISKY

[15:57] {nemo} hey MAGS you clear GS?

[15:57] {magoo} [15:54] {magoo} in .,20

[15:57] {magoo} [15:54] {&Threei}  no nemo

[15:57] {Threei}  take care dp

[15:57] {magoo} cut yes

[15:57] {magoo} get OUT

[15:57] {magoo} dso not hold

[15:58] {magoo} will gap at close CAREFUL

[15:58] {Threei}  hold?

[15:58] {Threei}  no way

[15:59] {magoo} nemo??

[15:59] {Threei}  MS reporting... WFC reporting...

[15:59] {Threei}  generaly earnings season

[15:59] {nemo} WFC on THursday I think

[15:59] {Threei}  FITB

[15:59] {Threei}  COMFORTABLE WITH CAPITAL LEVELS - FILING

[15:59] {magoo} u take GS nemo? u OUT??

[15:59] {Threei}  I show tomorrow morning

[16:00] {Threei}  SEES CAPITAL LEVELS EXCEEDING TARGETS IN THE NEAR TERM - ANNUAL MEETING SLIDES

[16:00] {magoo} yup vad

[16:00] {nemo} no

[16:00] {Threei}  okay guys

[16:00] {magoo} scared me bro

[16:00] {Threei}  thank you all, have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {magoo} please respond next time or i slap ya

[16:01] {magoo} vad WAIT

[16:01] {nemo} who me?  I was down for 10 minutes?

[16:01] {Threei}  what?

06[16:01] * magoo slaps Threei around a bit with a large trout

[16:01] {Threei}  oh that

[16:01] {fernp} good day here.  See you all tomorrow. Good evening

[16:01] {Threei}  good to hear fern

[16:01] {Threei}  magoo

[16:01] {magoo} good recove fern

06[16:01] * nemo kneecaps mags with a 2x4

[16:01] {jfjf64} good day all

[16:01] {nemo} now your ankle won't hurt

06[16:02] * Threei slaps magoo around a bit with a large holster containing trout inside

06[16:02] * nemo throws a handful of trout eggs at magoo

[16:02] {nemo} Vad...we'll have to move up to bigger fish...sturgeon next

[16:03] {Threei}  more stink too

[16:03] {nemo} caviar though

[16:03] {Threei}  true

[16:03] {nemo} can't whack mags with that!

Apr 20 2009

Not a stellar day. A few nice plays on DNDN, RIMM, CAT were outnumbered but small but a few too many stops. Not deep but in red.

Session Time: Mon Apr 20 00:00:00 2009

[07:51] {Threei}  DNDN

[07:51] {Threei}  LAZARD RAISED DNDN TO BUY FROM HOLD, PRICE TARGET: $25

[07:52] {Threei}  04/19/09 10:01am

[07:52] {Threei}  [DNDN] Dendreon Corp Presents Phase III data on Provenge potency and immune responses in prostate cancer

[07:52] {Threei}  - Co presented today data from its PROTECT (PROvenge Treatment and Early Cancer Treatment) or P-11 Phase 3 study suggesting that PROVENGE (sipuleucel-T) induces long-term memory immune responses that are durable and can be maintained following boosting.

[07:54] {Threei}  JAVA

[07:54] {Threei}  ORACLE BUYS SUN MICROSYSTEMS FOR $9.50/SHR IN CASH, DEAL VALUED AT $7.4B (LAST $6.69)

[07:55] {Threei}  04/20/09 07:00am

[07:55] {Threei}  [BAC] Bank of America Corp Reports Q1 $0.44 v $0.04e, R $35.8B v $27.1Be

[07:55] {Threei}  - Provision for credit losses $13.38B v $8.53B q/q, $6.01B y/y

[07:55] {Threei}  - Q1 Credit extended $183.1B v $180.8B q/q

[07:55] {Threei}  - Q1 ROE 7.10% v -6.68% q/q

[07:55] {Threei}  --Q1 ROA 0.68% v -0.37% q/q

[07:55] {Threei}  - Q1 Tier 1 ratio 10.09% v 7.51% y/y

[07:55] {Threei}  - Q1 Provision for credit losses $13.4B v $8.53B q/q

[07:55] {Threei}  - Q1 Net charge-offs $6.94B v $5.54B q/q

[07:55] {Threei}  - Q1 Total managed net losses $9.12B v $22.9B q/q

[07:55] {Threei}  - Q1 Nonperforming assets $25.7B v $18.2B q/q

[07:56] {Threei}  - Q1 Global Banking Rev $4.64B v $3.86B y/y, Efficiency ratio 54.11% v 45.13% y/y

[07:56] {Threei}  - Q1 Global Markets $6.79B v -$848M y/y, Efficiency ratio 45.04%

[07:56] {Threei}  - Q1 Global Wealth and Investment Management Unit Rev $4.36B v $1.98B q/q, Efficiency ratio 75.41% v 53.77% q/q

[07:56] {Threei}  - Q1 Deposits Rev $3.46B v $4.15B y/y, Efficiency ratio 68.2% v 53.37% y/y

[07:56] {Threei}  - Q1 Global Card Services $7.46B v $7.87B y/y, Efficiency ratio 27.83% v 27.95% y/y

[07:56] {Threei}  - Q1 Home Loans & Insurance $5.22B v $1.37B y/y, Efficiency ratio 50.73% v 52.66% y/y

[07:56] {Threei}  04/19/09 10:43pm

[07:56] {Threei}  [BAC] Bank of America Corp Longtime shareholder, Eliasberg family, is losing faith in the firm and CEO Lewis - NYT

[07:56] {Threei}  - Eliasberg owns a "substantial" number of Bank of America shares for an individual.

[07:56] {Threei}  - Note: On Friday's session, proxy advisory firm Glass Lewis recommended that shareholders vote against the re-election of CEO Lewis at April 29 annual meeting - CNBC

[08:35] {nemo} anything on F this morning yet?

[08:35] {fernp} Hello everybody

[08:36] {Threei}  fern :)

[08:36] {Threei}  04/20/09 04:39am

[08:36] {Threei}  [F] Ford Motor Co Chinese sales to be comparable or better than industry rivals in 2009

[08:36] {Threei}  - Have seen sales accelerate following the end of Q1

[08:38] {Threei}  04/19/09 09:43pm

[08:38] {Threei}  (US) White House Chief of Staff Emanuel: The administration plans to put in place new energy legislation by the end of the year, with stated goal to include provision for climate change

[08:38] {Threei}  - Comments made on ABC's "This Week with George Stephanopoulos."

[08:38] {Threei}  - House Energy and Commerce Committee to commence hearings on proposed legislation limiting greenhouse gas emissions as early as this week. Proposed legislation could then require acquisition of permits to release carbon into the atmosphere.

[08:38] {Threei}  - Energy and Commerce Committee Chairman Waxman requested that a bill, including measures addressing energy efficiency and development of related technology, would pass through the committe by late May before the House vote later in 2009.

[08:38] {Threei}  - Senate Majority Leader Reid is calling for cap-and-trade legislation by mid-2009

[08:38] {Threei}  - Note, earlier last week, EPA announced it plans to proceed with regulation of carbon dioxide, holding polluters accountable under Clean Air Act

[08:38] {Threei}  - On Mar. 5th, House Majority Leader Hoyer noted that Congress could pass a climate-change bill by late May

[08:38] {dptl} good morning

[08:39] {Threei}  dp :)

[08:53] {pita} gm everyone

[08:53] {Threei}  pita :)

[08:53] {cosmo} but ... but, CO2 is a neutrient

[08:53] {cosmo} to life on earth

[08:53] {Threei}  so what

[08:53] {Threei}  politicians said it's bad

[08:53] {cosmo} it stinks

[08:54] {cosmo} not CO2 tho

[08:54] {cosmo} i think they still think its CO ... hmph

[08:55] {cosmo} climate changes happens ...sheesh

[08:56] {Threei}  don't fight it cosmo... they decided we have to pay, and that's that

[08:57] {cosmo} just don't take away my 1986 honda

[08:57] {cosmo} its a classic

[08:58] {Raven} Washington will soon make you junk that sucker cosmo and they will pay you $5K to do that

[08:58] {cosmo} ughhh

[08:58] {Raven} yes ... your classic will be crushed into a square package

[08:59] {cosmo} i do 5K in maintenence ...give me a break

[08:59] {Raven} they will not care ... the Honda is history

[08:59] {Threei}  and in the process of destruction it will release more C)2 than it would during its entire life

[08:59] {cosmo} they know that

[09:00] {Raven} cosmo will have to take anxiety drugs

[09:00] {cosmo} you mean... more?

[09:01] {Raven} stronger dose maybe

[09:01] {cosmo} but i'm maxed out

[09:01] {Raven} that is trouble then

[09:01] {cosmo} sigh .... need coffee....brb

[09:01] {Raven} lol

[09:02] {ese} good morning

[09:02] {Threei}  ese :)

[09:03] {magoo} morning

[09:03] {Threei}  magoo :)

[09:04] {magoo} we got to make $$ early today vad so i can go to hospital 

[09:05] {Threei}  great

[09:05] {Threei}  I'll be back tomorrow

[09:05] {larisa} good morning :)

[09:05] {Threei}  larisa :})

[09:06] {larisa} threei :)

[09:06] {ese} hospital?

[09:07] {cosmo} PALM pre mkt spike high = 10.49   fwiw

[09:08] {Threei}  06:12am [PALM] BofA/Merrill Lynch Raised PALM to Buy from Neutral, price target: $14

[09:08] {Threei}  04/17/09 07:29am [PALM] Morgan Joseph Cuts PALM to Hold from Buy, price target: $10more.. - on valuation

[09:08] {Threei}  make your pick

[09:08] {cosmo} 10

[09:09] {magoo} [09:07] {ese} hospital?

[09:09] {magoo} yeah, here on crutches, may have broke ancle motocross racing with son yesterday 

[09:09] {Threei}  ouch

[09:10] {ese} ya .....i'm visiting vad at vic general tonight?

[09:10] {Threei}  me?

[09:10] {ese} oh oh oh....sorry it's mags in the hospital....appologies

[09:11] {ese} don't know if I can geth there mags

[09:11] {ese} faz....great looking daily chart

[09:12] {Threei}  FAZ formed 9.80 resistance so far

[09:12] {Threei}  it's also the high of Fri

[09:12] {Threei}  JPM 32.10 support to break

[09:12] {ese} if it gets past 10 vad......ouuuuuuuu  sky could be the limit

[09:13] {Threei}  if you want premarket gamble, mags, here are two

[09:13] {Threei}  JPM can snapback harshly

[09:14] {Threei}  thin trading

[09:14] {ese} java up huge also.....news?

[09:14] {Threei}  ORCL bought it for 9.50

[09:14] {ese} ahhhh

[09:15] {wulff} [=======]

[09:15] {Threei}  I'll take it as "good morning"

[09:16] {Threei}  DNDN will probably be a hot battlefield again

[09:16] {jfjf64} mornin all

[09:17] {Threei}  jf :)

[09:21] {dino} gm all

[09:21] {Threei}  dino :)

[09:21] {Threei}  06:46am [LVS] JPMorgan Raised LVS to Overweight from Neutral, price target: $8

[09:24] {vinod} gm to all

[09:24] {Threei}  vinod :)

[09:25] {Threei}  US TREASURY SPOKESMAN: WE DO NOT HAVE RESULTS FOR THE STRESS TESTS YET

[09:29] {magoo} vad, wheres goio entry FAZ u think?

[09:29] {Threei}  I said earlier, .80 break

[09:29] {Threei}  now gotta wait for pullback or new consolidation

[09:30] {magoo} ok

[09:30] {magoo} cut me some slack

[09:30] {magoo} pain

[09:32] {Threei}  same for JPM... 32.10 was short trigger

[09:32] {magoo} yup

[09:32] {magoo} nice calls

[09:33] {ese} missed faz.....

[09:33] {Threei} Long Setup:  DNDN  .85 half lot

[09:33] {Threei}  stop under .70

[09:33] {Threei}  very risky

[09:34] {dptl} in

[09:34] {magoo} in 

[09:34] {Threei}  1:1

[09:34] {magoo} out .02 TY

[09:34] {magoo} full lot

[09:34] {Threei}  1:2, out

[09:35] {Threei}  scary thing

[09:35] {jfjf64} out ty

[09:35] {jfjf64} scary

[09:35] {Threei}  that's why half lot call

[09:35] {Threei}  for al but magoo {G}

[09:35] {dptl} out .03 ty

[09:35] {magoo} u want scary..take1k GS lol

[09:36] {magoo} DONT

[09:36] {Threei}  lol

[09:37] {Threei}  NTAP

[09:37] {Threei}  TICKING HIGHER AS CNBC GUEST SPECULATES ON COMAPNY'S PROSPECTS AS AN ACQUISITION TARGET AFTER RECENT JAVA/ORCL DEAL ANNOUNCEMENT

[09:37] {magoo} everyone expects and wants a pullbk in mkts...what would kill the most? a rally to green

[09:38] {Threei}  DNDN... sheesh

[09:38] {Threei}  BAC EXECUTIVE: REITERATES THAT MERRILL AND COUNTRYWIDE ADDED TO Q1 RESULTS -SLDIE PRESENTATION

[09:38] {ese} faz pulling back

[09:42] {Threei} Long Setup:  LVS  .20 break

[09:42] {dptl} in

[09:43] {dptl} stop under .10?

[09:43] {Threei}  stop for hardcore scalpers .14, for day trade under .10

[09:44] {ese} L faz .18

[09:44] {Threei}  no worky

[09:45] {dptl} stopped

[09:45] {Threei} Long Setup:  DNDN  .65 if stays above .50

[09:47] {dptl} in

[09:47] {magoo} in

[09:48] {ese} L faz again avg .22

[09:48] {Threei}  over 1:1

[09:49] {magoo} out .80 FL

[09:49] {magoo} ty 

[09:49] {dptl} ah out .75 ty

[09:50] {jfjf64} out.78 ty

[09:50] {wulff} out .79

[09:51] {magoo} hit-n-run day boyz :)

[09:52] {Threei}  and who is to know better than a guy on the crutches {G}

[09:52] {Threei}  MSF CEO: VERY SURPRISED BY ORACLE/SUN ANNOUNCEMENT

[09:52] {Threei}  {JAVA CSCO}

[09:52] {magoo} half way there vad

[09:53] {ese} out FAZ .34 +.12

[09:54] {Threei}  GE...

[09:54] {Threei}  looks like time to start looking for bounce

[09:54] {Threei}  .65 long if stays above .60

[09:55] {nemo} that sucked

[09:55] {Threei}  ?

[09:55] {nemo} let's just say the broadband connections in Maine are neither robust nor dependable

[09:56] {ese} wonder whats driving faz....technical?

[09:56] {Threei}  all finnies are very weak

[09:56] {Threei}  BAC report is not being perceived well

[09:56] {ese} dino what are you looking at...

[09:58] {dino} axys, rimm

[09:58] {dino} l ,25 intc

[09:58] {dino} titn

[09:58] {dino} vivo

[09:59] {dptl} still valid ge?

[09:59] {ese} short rimm around 66.60

[09:59] {dino} wtg

[09:59] {Threei}  I think so

[09:59] {dino} i want bounce, but gap way under

[09:59] {dptl} oh in .66

[10:00] {Threei}  *MAR LEADING INDICATORS: -0.3% V -0.2%E

[10:00] {ese} no....i haven't shortted rimm yet was thinking around 66.60 on a bounce

[10:00] {magoo} DNDN

[10:00] {dino} schw around 16.65

[10:00] {Threei}  CITI ANALYST NOTES JP MORGAN IS WELL POSITIONED TO PASS GOVERNMENT STRESS TESTS, DOES NOT SEE ANY NEED FOR FIRM TO RAISE MORE CAPITAL

[10:01] {dptl} stopped ge

[10:01] {dino} next jpm will say same about citi

[10:02] {Threei}  lol

[10:03] {Threei}  ummmm

[10:03] {Threei}  FED'S BERNANKE: GLOBAL ECONOMY CONTINUES TO EXPERIENCE UNUSUAL TRUBULANCE

[10:03] {Threei}  unusual?

[10:03] {Threei}  you don't say

[10:05] {ese} unusual turbulence??.....as opped to usual turbulence

[10:05] {Threei} Long Setup:  BAC  .30 break

[10:06] {ese} scary....this guy is in charge of the bigest economy in the world.....

[10:06] {Threei}  offer half just above .40, scalpers take profit

[10:06] {magoo} in bac

[10:06] {ese} missed it

[10:07] {nemo} yeah

[10:07] {dptl} missed

[10:07] {Threei}  DNDN... much as I hate to buy breaks on it, 20 looks very tempting

[10:08] {magoo} in 98

[10:09] {nemo} blew by my .01

[10:09] {nemo} BAC still good for entry?

[10:09] {magoo} out dndn TY vad

[10:09] {Threei}  see where it bottoms out on this pullback,

[10:10] {Threei}  buy recross of .30

[10:10] {nemo} yes

[10:10] {Threei}  good timing on DNDN exit mags

[10:10] {magoo} yeah..not bad for being doped up

[10:11] {dino} just say "no" magoo

[10:12] {Threei}  lol

[10:12] {ese} NILE dino

[10:14] {nemo} short bac on break of low?

[10:14] {Threei}  nah

[10:15] {Threei}  long is not working

[10:15] {Threei}  but short is very dicey

[10:15] {Threei}  BAC CEO: LOOKING ACROSS ALL BUSINESS UNITS FOR POSSIBLE DIVESTITURES; FIRST REPUBLIC IN PROCESS AT THE MOMENT - CONF CALL

[10:15] {Threei}  sheesh, conference call in progress

[10:15] {Threei}  leave it alone

[10:17] {Threei}  AMZN

[10:18] {Threei}  bounce must be close

[10:18] {ese} I don't understand what FAZ is......what does it represent

[10:18] {Threei} Long Setup:  AMZN  .50 break if stays above .30

[10:18] {Threei}  this is triple short of financial sector ese

[10:19] {Threei}  buying it you go short on finnies

[10:19] {ese} so it functions like QID ...opposite market

[10:19] {dptl} in amzn

[10:19] {Threei}  yes, only in financial secotr, not whole market

[10:19] {ese} tks ..got it

[10:21] {Threei}  market still hasn't stabilized

[10:21] {dptl} geez stopped amzn

[10:23] {dptl} was so fast -.33

[10:23] {nemo} relative volume is way up there so far

[10:25] {dino} axys sm l .15

[10:27] {nemo} Leading Economic Indicators Index in U.S. Fell 0.3% in March 

[10:27] {Threei}  [10:00] {Threei} *MAR LEADING INDICATORS: -0.3% V -0.2%E

[10:27] {nemo} computer problems

[10:29] {dino} ofix sm l .95

[10:30] {ese} L QID .98

[10:31] {Threei}  BAC CEO: COMPANY ABSOLUTELY DOES NOT NEED MORE CAPITAL

[10:32] {Threei}  market: we absolutely are not convinced

[10:33] {ese} out QID ..05 +.07

[10:33] {Threei}  anyone see any news on SCON?

[10:34] {ese} not I

[10:36] {cosmo} http://finance.yahoo.com/news/American-Superconductor-bw-14968727.html?.v=1

[10:37] {cosmo} ....sympathy

[10:37] {Threei}  that's some sympathy

[10:38] {cosmo} a stretch

[10:39] {cosmo} Department of Energy will award about $4 billion in grants under the stimulus package to improve the nation's electric grid.

[10:40] {dino} sm wide wynn l .49

06[10:41] * magoo slaps laserdave around a bit with a large trout

[10:43] {Threei}  why does MS defy gravity?

[10:44] {jfjf64} crazy

[10:44] {dino} titn sm l .08

[10:45] {Threei}  not anymore

[10:45] {jfjf64} lol

[10:46] {pita} will BAC bounde off 9?

[10:49] {Threei}  feels to me like bottom is close

[10:49] {Threei}  for everything - finnies and market

[10:49] {Threei}  and overrall... this whole drop has a taste of engineering

[10:50] {nemo} Plunge Production Team?

[10:50] {dino} well you are one by trade

[10:50] {dino} no, its options exp hangover from fri

[10:50] {nemo} oh...dino's going for your title vad

[10:57] {magoo} bounce time AAPL RIMM AMZN vad?

[10:57] {magoo} DNDN?

[10:57] {Threei}  don't puish mags

[10:57] {Threei}  I don't know

[11:02] {Threei} Long Setup:  CAT  .60 break if stays above .50

[11:04] -} *chanserv* ACCESS #floor ADD _rook 1

[11:04] {dptl} in

[11:04] {nemo} in

[11:05] {magoo} in

[11:06] {dptl} half out

[11:07] {nemo} half out

[11:07] {Threei}  1:1

[11:07] {jfjf64} out

[11:07] {magoo} im thinking .8area9

[11:08] {magoo} .80 area

[11:08] {ese} Lfaz .45

[11:09] {dptl} out more .79

[11:09] {nemo} out .79

[11:10] {Threei}  1:2

[11:11] {dptl} all out .87 ty

[11:11] {Threei}  welcome, well played

[11:11] {ese} out faz .50 +.05

[11:11] {dptl} +.10 +.19 +.27

[11:13] {dino} strange, big drop and sits

[11:14] {dino} gj guys

[11:15] {magoo} waiting .97

[11:15] {magoo} greeddy i guess

[11:15] {wulff} bad kitty

[11:15] {ese} should be bounce time aapl......i'm with ya mags

[11:17] {dino} vivo l .55, stop lod

[11:18] {Threei} Long Setup:  RIMM  .55 break

[11:18] {Threei}  if stays above .40

[11:18] {wulff} still feel a rally coming

[11:18] {Threei}  me too

[11:19] {Threei}  timing is not easy

[11:19] {Threei}  but gotta try

[11:19] {ese} thats what i'm thinkin for rimm vad

[11:19] {magoo} in rimm

[11:20] {dptl} in rimm .58

[11:20] {nemo} missed

[11:20] {Threei}  if this is it, RIMM 66 should be easy

[11:20] {ese} l rimm

[11:20] {ese} .43

[11:21] {nemo} in rimm

[11:21] {magoo} just do not rinse us mother mrk

[11:21] {magoo} market

[11:22] {ese} 2nd that

[11:22] {Threei}  would like to see now .50 holding, .65 - .70 zone taken

[11:23] {magoo} kickin CAT

[11:23] {dptl} out some .70

[11:23] {Threei}  and next spike should take us into .80 - .85 zone

[11:23] {ese} out rimm .66 =}23

[11:23] {ese} +.23

[11:25] {magoo} changing cat exit 31.07

[11:25] {dino} gj

[11:25] {nemo} half out rimm .72

[11:25] {Threei}  half out RIMM .76

[11:26] {nemo} where stop .56?

[11:26] {magoo} out CAT .93 changed monid TY

[11:26] {Threei}  .54 for me

[11:26] {Threei}  welcome mags

[11:30] {nemo} out rimm

[11:31] {dptl} out last rimm

[11:32] {ese} whoaaa it wasn't rimm i was in it was apple.......might be time to stop trading today

[11:32] {Threei}  lol ese

[11:32] {nemo} wow ese

[11:33] {ese} didn't see the symbol, just the pattern.....thought it was rimm

[11:33] {Threei}  as long as you make money...

[11:33] {ese} I did

[11:33] {nemo} trading in zen,,,subconscious trading

[11:34] {magoo} out rimm .69 TY vad

[11:34] {Threei}  ese gives new meaning to "kicking a$$ and taking names"

[11:34] {ese} bizzare ...was looking at order confirmations and went....where the hell is rimm....weird

[11:34] {dino} nice

[11:34] {magoo} fell out of chaird

[11:34] {magoo} layte post

[11:38] {nemo} RIMMM seting up again?

[11:38] {Threei}  not sure

[11:38] {Threei}  no conviction yet

[11:38] {jfjf64} lk that

[11:38] {nemo} me neither, that's why I asked?  .ooks like NDX might be picking up

[11:39] {Threei}  you guys make me feel better about my typing today

[11:39] {Threei}  last 5 lines, not a single one of them is typed without mistakes {G}

[11:41] {dptl} cat?

[11:41] {Threei}  chart is too perfect...

[11:42] {Threei}  10 cents risk... try break if you are fine with that

[11:42] {Threei}  but honestly...

[11:42] {Threei}  it feels like a trap

[11:43] {dino}  caught in a trap, can't get out

[11:43] {dptl} ok ty ....i'll leave it :)

[11:43] {jfjf64} bg trap

[11:43] {dino} ofix stopped -.22

[11:43] {Threei}  how about that?

[11:43] {Threei}  hit the wall with its forehead

[11:43] {dptl} yep

[11:43] {dino} evil baby

[11:44] {dino} oppsd elvis

[11:44] {Threei}  fell and can't get up

[11:44] {Threei}  stopes are flushed out, will bounce soon

[11:45] {Threei}  can't find exact entry for now

[11:45] {Threei}  either it just jumps back up with no indications anmd we miss it

[11:45] {Threei}  or it forms a little range for us

[11:46] {ese} L aapl .38

[11:46] {Threei}  ok... .76 long if holding above .70

[11:46] {Threei}  for scalpers olnly

[11:47] {magoo} wow DNDN clubbed

[11:47] {pita} RIMM?

[11:47] {dino} do not do not=dndn

[11:48] {dptl} in cat .76

[11:48] {Threei}  don't know pita, no read on RIMM here

[11:49] {pita} missed the thread - .76 long what?

[11:49] {nemo} stopped cat

[11:49] {Threei}  stopped anyway

[11:49] {pita} k

[11:49] {Threei}  so you are fortunate to have missed it

[11:49] {dptl} stopped

[11:49] {pita} :)

[11:49] {Threei}  DNDN is a widowmaker

[11:50] {Threei}  good thing we got our plays early on it

[11:50] {dptl} -.08

[11:50] {dino} ctrp

[11:53] {ese} out aapl .66 + .28

[11:54] {Threei}  eeck

[11:54] {nemo} grrrrrr cat

[11:54] {Threei}  shakeout

[11:54] {dptl} yep

[11:59] {Threei}  CME

[11:59] {Threei}  SUSPENDS ENERGY AND METALS TRADING ON GLOBEX DUE TO TECHNICAL ISSUES, NYMEX FLOOR ACTIVITY IS NORMAL - CNBC

[12:01] {ese} vad would you say that that big volume spike in the qqqq is a botom or reversal

[12:01] {Threei}  neither

[12:01] {Threei}  it doesn't have much significance

[12:02] {ese} pour quo?

[12:02] {Threei}  could be anything really

[12:02] {ese} ok was thinking about going long rimm

[12:03] {Threei}  nah

[12:03] {ese} but won't

[12:05] {Threei}  keep an eye on your FITB ese

[12:05] {Threei}  very sizeable drop for this one

[12:05] {Threei}  when financials bounce, should do well

[12:06] {Threei}  CNN asks:

[12:06] {Threei}  BAC showed good results, why is the market selling?

[12:07] {Threei}  you CNN guys need to attend by next seminar in Freeport, I'll explain how it works

[12:08] {ese} definately vad.......kinda keep one eye on it most days

[12:09] {dino} micc

[12:10] {Threei}  this week 531 companies reporting in 12 economic sectors and in 106 industries

[12:12] {Threei}  IBM IS HIGHLY UNLIKELY TO MAKE NEW JAVA BID - WSJ

[12:13] {magoo} long spy .12 here

[12:13] {magoo} time for a bounce

[12:14] {Threei}  talk about hedging your bets:

[12:14] {Threei}  BRCM

[12:14] {Threei}  HEARING MORGAN STANLEY MAKES MILDLY POSITIVE COMMENTS; MAINTAINS UNDERWEIGHT RATING AHEAD OF EARNINGS REPORT TOMORROW (TIMING UNCERTAIN)

[12:14] {Threei}  - hearing Morgan expects it may raise estimates for BRCM after the earnings release tomorrow.

[12:14] {magoo} roflol

[12:14] {magoo} i want that job

[12:15] {Threei}  if MS was to date BRCM, it would be analog to: You may or may not be cute; tomorrow after you get the result of your audition for that modeling gig I may or may not call you

[12:16] {dino} and the public pays for this

[12:25] {dptl} pep 50 break?

[12:25] {Threei}  chart wise, yes...

[12:26] {Threei}  it just feels to me like market is in a process of bottoming out

[12:26] {dptl} ok ty

[12:28] {dino} idcc sm l .00

[12:29] {wulff} That is a RIMM tight stop

[12:32] {magoo} will be heck of a read if comes true vad

[12:32] {Threei}  on what?

[12:32] {magoo} [12:27] {&Threei}  it just feels to me like market is in a process of bottoming out

[12:32] {Threei}  oh... you assume I can read what I type

[12:32] {Threei}  which a heck of a stretch

[12:32] {nemo} or type what you think

[12:32] {Threei}  or that I think at all

[12:37] {nemo} Hey ese?  You in RIMM, I mean AAPL, no...RIMM?

[12:38] {dino} he can't give that away nemo, :)

[12:39] {Threei}  mostly 'cause he isn't sure?

[12:40] {magoo} out spy stopped 

[12:41] {dino} i'm going to have to flip the coin

[12:43] {ese} hey nemo.....stepped away fo a minute.....whatssaa hapinnin

[12:43] {dino} tails it is, we go up

[12:43] {Threei}  I agree

[12:43] {Threei}  wulff, you in RIMM?

[12:44] {dino} it's a contrary coin

[12:45] {dino} micc is taunting me

[12:46] {nemo} I'm trading from a remote site today ese..bandwith challenged

[12:48] {magoo} ok mkts its REALLY time now 

[12:48] {nemo} Anybody in RIMM?

[12:49] {wulff} yes

[12:49] {magoo} i took aapl

[12:49] {magoo} .40

[12:49] {wulff} half lot

[12:49] {Threei}  looks good for move over 66 this time

[12:49] {dino} 12:50 has ben the time

[12:49] {dino} been

[12:50] {Threei}  here comes the shake, and this should be the last one before ramp up

[12:52] {larisa} you noticed i am not betting against you just for the sake of it ? :)

[12:53] {Threei}  I did bu tI attributed it to you being relxed after the weekend

[12:53] {Threei}  by tomorrow you should be back in shape

[12:53] {dino} is larisa making snowballs again?

[12:53] {larisa} no it is raining like crazy :)

[12:54] {dino} same here

[12:54] {Threei} Long Setup:  DRYS  .30 break if stays above .20

[12:56] {magoo} in

[12:56] {Threei}  did it break?

[12:57] {magoo} yup

[12:57] {Threei}  lol

[12:57] {Threei}  you are so impatient

[12:57] {dptl} in

[12:57] {magoo} well..i waited to answer u lol

[12:57] {Threei}  true... sorry

[12:58] {nemo} did I miss any calls

[12:58] {magoo} rimm aapl drys

[12:58] {wulff} your mom called

[12:58] {Threei}  lol

[12:58] {Threei}  you guys are brutal today

[12:58] {nemo} my mom's dead

[12:59] {dino} that contrary nickle is pretty good

[12:59] {wulff} keep forgetting that.,.,,apologies

[12:59] {Threei}  sure is

[12:59] {ese} anymore word on the banking sector vad

[12:59] {nemo} contrary to ese's comment last week, she never wore boots

[13:00] {Threei}  no ese... except general perception that it stinks

[13:00] {ese} hmmmmmmmm  maybe will wait a bit before I wade into fitb

[13:03] {ese} well as long as faz is heading up...it would not be a smart idea to enter fitb

[13:03] {Threei}  right

[13:08] {dino} hmmmm hewad fake

[13:08] {dino} head

[13:08] {nemo} "hewad"  is that arabic or farsi?

[13:09] {magoo} out

[13:09] {dptl} stopped

[13:10] {dptl} drys

[13:10] {jfjf64} stopped  drys

[13:10] {pita} later guys - happy hunting

[13:10] {Threei}  take care pita

[13:10] {dino} wynn stopped

[13:12] {magoo} i hate drys

[13:12] {magoo} boring stock..then kills ya

[13:17] {ese} outta here for day all....see you tomorow.

[13:17] {dino} vivo stop to b/e

[13:27] {magoo} BAC clubbed CLUBBED

[13:28] {nemo} red headed stepchild

[13:29] {dino} imagine if missed

[13:30] {dino} cpf-3.50

[13:30] {dino} cof

[13:30] {dino} ebix?

[13:33] {Threei}  can't shake out feeling this whole selloff today is nothing but shakeout

[13:33] {Threei}  FAS strong bounce

[13:34] {Threei}  FITB time probably

[13:38] {vinod} you guy must making a lot today--i missed

[13:39] {Threei}  hit and miss actua;;y

[13:39] {Threei}  a few nice ones, a few stops

[13:44] {magoo} bac pushed up

[13:51] {dino} ebix sm l .40

[13:51] {dino} did not expect that

[13:53] {nemo} What Dino?

[13:54] {vinod} earning season is alwyas tough

[13:56] {wulff} Bank selloff seems way overdone to me...but I am only me

[13:57] {nemo} middle name Sybil wulff?

[13:57] {wulff} as in head spin

[13:58] {nemo} nahhh. that was Linda Blair.  Sally Field's

[13:59] {wulff} not familiar

[13:59] {nemo} I'm feeling old

[14:00] {dino} ton fill ebix nemo, was waiting hours for that

[14:01] {nemo} oh

[14:01] {dino} to, my typing sucks

[14:01] {nemo} No problem, I'm getting better at reading Vaddish

[14:05] {Threei}  CNN just said that Barney Frank is a major player in govt responce to financial crisis

[14:05] {Threei}  I thought he was one is originating the crisis

[14:05] {Threei}  is = in

[14:08] {dino} he is

[14:08] {dino} but the dems won, so rewrite the books

[14:08] {vinod} Barney Frank is nemo's favority politician?

[14:08] {Threei}  hey, then he must be the right person to respond to crisis

[14:08] {nemo} wow

[14:08] {Threei}  right?

[14:09] {vinod} both are from mass

[14:09] {nemo} saying he's my favorite politician is like trying to choose between poison ivy, oak, or sumac

[14:09] {Threei}  I built this thing, I know how to destruct it

[14:09] {nemo} destruct=destroy

[14:09] {larisa} makes sense to me :)

[14:09] {Threei}  scary, isn't it, Larisa?

[14:10] {nemo} what, that she makes sense to you?

[14:10] {larisa} lol

[14:10] {Threei}  anyone to whom I make sense must be scared

[14:10] {nemo} yeah, makes suicide a viable option

[14:13] {dino} conversations really tanget off here lately

[14:14] {Threei} Long Setup:  FAS  .32 if stays above .25

[14:20] {Threei}  US REP FRANK: SUPPORTING MAKING BANK STRESS TESTS PUBLIC; SUGGESTS RELEASE OF INDIVIDUAL RESULTS, NOT RELEASE AS A GROUP

[14:20] {Threei}  - Does not believe Congress would be willing to offer more TARP funds

[14:20] {Threei}  - Not worried about runs on weaker banks

[14:30] {Threei} Long Setup:  FAS  .27 if stays above .20

[14:33] {magoo} .

[14:33] {nemo} @

[14:34] {Threei}  any meaning to that, or just more work for janitor after hours?

[14:34] {nemo} it's inocuous enough for the janitor to ignore

[14:34] {nemo} eh...custodial engineer

[14:36] {Threei}  invalidating second setup

[14:36] {larisa} this market is not funny joke

[14:36] {nemo} RIMM DBI on 5 minute

[14:37] {Threei}  it's just taking a rest after 40 days rally

[14:37] {nemo} tomato tomato

[14:37] {nemo} tomato tomahto

[14:38] {Threei}  janitor's getting iriitatedc

[14:38] {larisa} lol 

[14:38] {nemo} irradiated

[14:39] {nemo} ? would that have been a sufficient DBI setup on 1 minute chart of RIMM between...oh...2:05 and 2:25?

[14:40] {Threei}  pretty much, yeah

[14:40] {nemo} ty

[14:41] {dino} bounces hitting

[14:42] {Threei}  FITB didn't make new low this time with FAS

[14:42] {Threei}  .70 break worth a try with stop under .60

[14:42] {Threei}  slow one

[14:42] {Threei}  could take a while

[14:43] {dino} out axys .50, +.35

[14:43] {nemo} in

[14:44] {dino} ebix stop to .98

[14:44] {nemo} am I the only one in FITB?

[14:44] {Threei}  frikin FAS finally staged comeback but with no setup

[14:45] {dino} vivo stop to .90

[14:46] {magoo} f'$#$&^%#@ market today

[14:47] {dino} vivo to .95\

[14:48] {dino} ebix top .00

[14:48] {dino} to

[14:50] {dino} out vivo .00, +.45

[14:52] {dino} out ebiux .01, +.61

[14:52] {dino} bunch of all dayers but worked

[14:53] {Threei}  nice dino

[14:53] {larisa} gj, dino likes thin stocks :) thin girls too ? :)

[14:53] {dino} indeed, ;-)

[14:54] {larisa} dunno whats with men and models :) vad was dreaming about model earlier

[14:54] {dino} i was dreaming of you

[14:55] {larisa} nightmare 

[14:55] {dino} lol]\

[14:55] {Threei}  I was?

[14:55] {dino} lol

[14:55] {nemo} more work for the custodial engineer

[14:56] {larisa} sure vad, not for yourself, for RIMM i think :)

[14:56] {Threei}  ah... that's me, sharing generously

[14:57] {Threei}  major difficulty with this market setback is to determine whether it's a one day deal ad most of previous red days, or it's a prolonger pullback

[14:58] {Threei}  ad = as

[14:58] {larisa} would not we have bounces if it was healthy pullback ?

[14:59] {larisa} looks so ugly and strange

[14:59] {Threei}  didn't we?

[15:00] {Threei}  FAS 13:30

[15:00] {Threei}  11:15

[15:01] {Threei}  SCON, mama mia

[15:01] {nemo} You know it's serious when he starts speaking itlian

[15:01] {nemo} italian

[15:02] {dino} tbsi gap fillwed.

[15:03] {dino} rimm trying

[15:03] {dino} appl 117.50s

[15:06] {dino} i mean rimm trying to fill gap

[15:06] {dino} from wed

[15:11] {Threei}  rofl

[15:11] {Threei}  spam mail from bride-to-be astarts with:

[15:11] {Threei}  Hello my the surprised friend!

[15:12] {nemo} should we change the stop on  FITB?

[15:13] {Threei}  no

[15:13] {Threei}  My name ... and I wish to take away from you at all a lot of time and to penetrate in my letter!

[15:13] {Threei}  I'

[15:13] {Threei}  ll be back in a week

[15:13] {Threei}  I need to put sticthes

[15:16] {dino} vad, your wife is going to kill you when she finds out you're engaged

[15:18] {Threei}  engaged? I am merely the surprized friend

[15:20] {dino} don't lie to us vad

[15:20] {vinod} it call having a lust?

[15:21] {vinod} Jimmy Carter

[15:24] {Threei}  SCON, I am crying

[15:24] {Threei}  fas

[15:25] {Threei}  Prez is about to make a statement at CIA

[15:25] {Threei}  FAS is losing support again

[15:26] {nemo} doesn't that make fitb suspect?

[15:26] {Threei}  it puts FITB to test

[15:26] {Threei}  if it can hold .60, great

[15:26] {Threei}  relative strength will make it even better candidate

[15:26] {dino} titn to b/e

[15:27] {Threei}  so far, FAS makes new lows, FITB doesn't

[15:27] {nemo} Any impact regarding the time of day in a market pull back day?

[15:28] {Threei}  shrug

[15:28] {Threei}  you are overthinking it

[15:28] {Threei}  it's a valid play

[15:28] {Threei}  let it work out

[15:28] {Threei}  it will work or it will not

[15:29] {Threei}  Prez on TV

[15:29] {nemo} so, what happens if he says the CIA owns a big bank?

[15:30] {Threei}  ok mags... do we get big FAS bounce on last 30 min or this thing is hopeless today?

[15:31] {Threei}  CEO LEWIS: ONCE AGAIN REITERATES THAT BOA DOES NOT NEED MORE CAPITAL; SHARE CONVERSION IS UP TO REGULATORS, OUT OF HIS HANDS - CNBC

[15:31] {Threei}  - reiterates would like to repay TARP funds starting this year, but that the timing is in the hands of regulators.

[15:31] {Threei}  - Have ruled out selling credit card business, but expects to see some changes in card lending.

[15:32] {Threei}  what the deuce?

[15:33] {Threei}  FITB almost 1:1

[15:36] {dino} stewie

[15:38] {Threei}  FAS must be setting up for another bounce

[15:39] {Threei}  crossback of 7 if holding above .95

[15:39] {Threei}  not holding

[15:40] {nemo} FITB doing o.k. though

[15:40] {Threei}  very much so

[15:41] {nemo} overnite it, or line up for morning?

[15:41] {Threei}  depends on your risk tolerance

[15:41] {Threei}  I'll take it

[15:42] {Threei}  but to recommend overnights in this environemt...

[15:42] {Threei}  tough thing to do

[15:42] {jfjf64} fas??

[15:42] {nemo} they report Thursday

[15:42] {Threei}  jf?

[15:42] {nemo} FITB that is

[15:42] {jfjf64} k

[15:45] {Threei}  feels like one more bounce

[15:45] {Threei}  in FAS

[15:45] {Threei}  7 break if holding 6.90

[15:47] {Threei}  come on FAS, you can't be that spineless

[15:49] {Threei}  (GE) GERMAN CHANCELLOR MERKEL: ECONOMIC CRISIS MAY BE APPROACHING BOTTOM - FT

[15:50] {nemo} stoppe fas

[15:50] {Threei}  FAS says it can

[15:51] {Threei}  FITB's holding

[15:53] {Threei}  ARGUS CUTS JAVA TO SELL FROM HOLD (TIMING UNCERTAIN)

[15:53] {Threei}  huh?

[15:54] {Threei}  Argus needs real time news supply

[15:54] {Threei}  or any news supply for that matter

[15:55] {dino} roflol, that was a good one

[15:55] {nemo} RIMM ha a nice comeback

[15:55] {dino} dino says target 9.50 unless deal falls through

[15:56] {Threei}  or unless IBM comes back with higher bid

[15:56] {dino} ok, i guess i'm not at analyst level yet

[15:57] {dino} titn out .10, +.02

[15:57] {Threei}  why, it's a team woerk

[15:57] {Threei}  so far, today is contained within reasonable pullback

[15:57] {Threei}  which means we still don't know

[15:57] {Threei}  FAS selloff is not a reasonable pullback, this is exxcessive

[15:57] {jfjf64} spinless

[15:58] {jfjf64} fas

[15:58] {dino} out idcc .99, -.01

[15:59] {jfjf64} later all

[15:59] {Threei}  this is sheesr panic

[15:59] {Threei}  I am taking some FAS overnight

[15:59] {Threei}  not suggesting you do the same

[15:59] {dino} well, when yobama talks about nationalizing tarp banks, you get this

[16:00] {larisa} long ?

[16:00] {Threei}  yes

[16:00] {Threei}  not really happy with today

[16:00] {dptl} have a good evening all

[16:00] {Threei}  there qwere a few nice plays but stops, even though well controlled, were a few too many

[16:00] {larisa} bye all

[16:00] {Threei}  oh well

[16:00] {Threei}  thank you all, see you tomorrow

[16:01] {nemo} gnite

Apr 17 2009

Slow and borning day. Profitable overall, with nice scalps here and there, couple small stops and couple nice plays like STSI. 

  

Session Time: Fri Apr 17 00:00:00 2009

[07:54] {Threei}  Good morning sleepless souls

[07:56] {Threei}  sleepless in, let's see... Germany, Vancouver, Boston... sorry tom, forgot your hometown... dee?

[07:58] {fernp} Hello from sevilla - Spain 

[07:58] {Threei}  fern :)

[07:58] {Threei}  I got it... the rest connects without waking up

[07:59] {Threei}  DRUS

[07:59] {Threei}  OPPENHEIMER RAISED DRYS TO OUTPERFORM FROM MARKET PERFORM, PRICE TARGET: $8

[07:59] {Threei}  DRYS

[08:00] {Threei}  that's after yesterday's after hourts:

[08:00] {Threei}  [16:07] {Threei} DRYS

[08:00] {Threei}  [16:07] {Threei} ANNOUNCES COMPLETION OF THE "ATM" EQUITY OFFERING

[08:00] {Threei}  [16:07] {Threei} - The company announced today the completion of the ATM Equity Offering(SM) in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009.

[08:02] {Threei}  C is so darn complicated

[08:03] {Threei}  [C] Citigroup Inc Reports Q1 -$0.18 v -$0.34e, R $24.8B v $21.9Be

[08:03] {Threei}  - Q1 includes $7.3B in net credit losses

[08:03] {Threei}  - Does not plan to suspend distributions on preferred shares

[08:03] {Threei}  and a hwole bunch of other numbers

[08:03] {Threei}  plus incredibly confusing case with this:

[08:03] {Threei}  timing of exchange offers

[08:03] {Threei}  - Continues to finalize definitive documentation with the U.S. government regarding the governments previously announced commitment to exchange a portion of its preferred shares with an aggregate liquidation value of up to $25B for interim securities and warrants.

[08:03] {Threei}  - Citi is also working to complete the customary SEC review process with respect to the public exchange offers announced on February 27. Although significant progress has been made on these matters, the process is not yet complete.

[08:03] {Threei}  - Given the now anticipated proximity of the announcement of stress test results by the U.S. government, the proposed exchange offer will not be launched until the conclusion of the industry stress tests.

[08:13] {Threei}  Larisa... don't even

[08:13] {larisa} what, day of no "good mornings" ?

[08:14] {Threei}  good morning of course :)

[08:14] {Threei}  that was pre-emptive strike

[08:14] {larisa} gm :)

[08:14] {Threei}  who knows what you had in mind

[08:14] {Threei}  esp[ecially when you are winning a bet

[08:15] {Threei}  better to be on alert, and strike first

[08:15] {larisa} lol

[08:16] {cosmo} hmmm....the stress must be getting to him

[08:17] {Threei}  stress?

[08:17] {cosmo} all the tests

[08:17] {Threei}  me is stress-free

[08:18] {cosmo} ah ... ic

[08:18] {cosmo} now i got it

[08:18] {Threei}  one thing I fret about is "will the bacon come out right this morning?"

[08:18] {cosmo} and what does that look like?

[08:19] {cosmo} no winkels?

[08:19] {cosmo} wrinkels

[08:19] {cosmo} wrinkles...

[08:19] {Threei}  it's a complicated combination of crispiness and juiciness

[08:20] {Threei}  crunchy but not burned

[08:20] {Threei}  takes skill

[08:20] {cosmo} iron stomach

[08:20] {tomg} good morning all from Tennessee :)

[08:20] {Threei}  tom :)

[08:20] {Threei}  FED'S FISHER: REITERATES THAT THE FED IS CONSIDERING EXPANDING THE TALF

[08:21] {Threei}  we haven't spent enough money yet I guess

[08:21] {cosmo} talf?

[08:21] {Threei}  who cares... acronyms for the ways to throw money around grow by hour now

[08:22] {Threei}  TARP, TALF, SofTARP

[08:22] {cosmo} omg

[08:22] {Threei}  BALTIC DRY BULK INDEX +4.9%, FIFTH CONSECUTIVE GAIN

[08:25] {Threei}  GE

[08:25] {Threei}  PROFITABLE'' FINANCE ORIGINATIONS TO ACCELERATE FROM 2Q - CONF CALL

[08:25] {cosmo} so... a soft tarp makes hit easier to hit bottom?

[08:25] {Threei}  they think so

[08:25] {Threei}  I disagree

[08:25] {cosmo} me too

[08:25] {Threei}  I don't like hitting the bottom for years

[08:26] {vinod} good morning

[08:26] {cosmo} you want to stres it out?

[08:26] {cosmo} streatch

[08:26] {Threei}  vinod :)

[08:26] {Threei}  try again?

[08:26] {cosmo} stretch?

[08:27] {Threei}  just opposite

[08:27] {Threei}  I prefer acute but short pain

[08:27] {Threei}  04/17/09 06:30am

[08:27] {Threei}  [GE] General Electric Co Reports Q1 $0.26 v $0.21e, R $38.41B v $39.8Be; Order backlogs steady

[08:27] {Threei}  - Q1 Total Order backlog $171B v $172B q/q

[08:27] {Threei}  - Q1 Energy Infrastructure Rev $8.24B v $11.4B q/q

[08:27] {Threei}  - Q1 Tech Infrastructure Rev $10.4B v $12.6B q/q

[08:27] {Threei}  - Q1 GE Capital Finance Rev $13.1B v $14.8B q/q

[08:27] {Threei}  - Q1 NBC Universal Rev $3.52B v $4.43B q/q

[08:27] {Threei}  - Q1 Industrial Sales Rev $2.22B v $31.8B q/q

[08:27] {Threei}  - CEO Immelt: Estimated stress-test results showed that we do not need to raise additional capital even in the Feds adverse-case scenario.

[08:27] {Threei}  - Capital Finance earned $1.1B in the quarter and remains on track to be profitable for the full year

[08:27] {Threei}  - Revenues and profitability declined year-over-year in our financial services business and we continue to experience rising delinquencies

[08:31] {pita} gm everyone

[08:32] {Threei}  pita :)

[08:32] {Threei}  C CFO: Q1 STRONGEST QUARTER IN OVER ONE YEAR -CONF CALL

[08:35] {Threei}  OPERATING PROFITS CONTINUE TO RISE DESPITE ASSET VALUE FALLS -CONF CALL

[08:35] {Threei}  - Expenses were down 23% y/y in Q1

[08:35] {Threei}  - Credit costs rose by $4.4B

[08:38] {ese} i think i'm in.........

[08:38] {nemo} ese!!!

[08:38] {Threei}  you sure are

[08:39] {ese} another day of repreive........it has taken over a week for the royal bank to get me my visa card....it's still not here....

[08:40] {ese} hey nemo

[08:41] {nemo} yo ese

[08:41] {Threei}  you still have any DRYS ese?

[08:41] {ese} no........

[08:41] {ese} just playing in and out

[08:42] {ese} made about 5000 a week or so back and have been just in and out since

[08:44] {ese} whats it up to vad...drys that is

[08:44] {nemo} 6.22

[08:44] {ese} sorry ...news wise?

[08:45] {Threei}  [07:59] {Alert} Threei OPPENHEIMER RAISED DRYS TO OUTPERFORM FROM MARKET PERFORM, PRICE TARGET: $8

[08:45] {Threei}  [07:59] {Alert} Threei DRYS

[08:45] {ese} ahhhhhh nice

[08:45] {Threei}  [08:00] {Alert} Threei that's after yesterday's after hourts:

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} DRYS

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} ANNOUNCES COMPLETION OF THE "ATM" EQUITY OFFERING

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} - The company announced today the completion of the ATM Equity Offering(SM) in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009.

[08:45] {ese} should be in play a bit today then.....

[08:51] {Threei}  what's with BCON

[08:55] {dptl} good morning

[08:56] {Threei}  dp :)

[08:56] {ese} ddddddpppppp!!!!!

[08:56] {dptl} :)

[09:00] {dino} gm all

[09:01] {Threei}  dino :)

[09:02] {ese} top of the morn to ya dino

[09:03] {ese} or if you were drinkin last night ...bottom of the morn

[09:06] {dino} lol i am fine

[09:07] {ese} everythings been going up steadily since Mar 09......gotta figure at some point?????

[09:08] {dino} feeling the same es

[09:08] {dino} lots of gaps below

[09:08] {ese} kinda waitin for it.....want to practise shorting

[09:09] {ese} small lots

[09:09] {dino} s/p 1st 825, 811, 768

[09:09] {dino} ndx 1251, 1187, 1043

[09:09] {dino} dji 775 7273, 6547

[09:09] {magoo} ;lrsgkpkrgJKO:SR

[09:10] {Threei}  magoevsky :)

[09:10] {ese} cool language mags.......good morning to you as well

[09:12] {ese} tons of gaps on the NDX dino ...jumpin

[09:12] {patience} good morning RT  :)

[09:13] {ese} morning patience

[09:13] {dino} ire pain 

[09:13] {Threei}  patience :)

[09:14] {dino} ndx, see above es

[09:15] {magoo} man goog hit 410 afterhrs, then retreated to 380

[09:15] {ese} ya checked them out....was just making note of your post

[09:16] {ese} do you play goog mags......that would scare the begeeesus out of me

[09:16] {magoo} occassionally...very dangerous

[09:17] {Threei}  magooski, admin asked to ask you to check your e-mail

[09:17] {magoo} already did it vad

[09:18] {Threei}  cool... I hope he didn't send you viagra spam

[09:18] {magoo} u can buy viagra now in a spam lunch meat..cool?

[09:19] {magoo} oh oh..today expirations

[09:20] {cosmo} DRYS seems to hold 6.15   ...for now

[09:20] {ese} Vad....could check out fas pre market .....does that look like a low to you

[09:20] {dino} i'd better warn your wife

[09:21] {dino} magoo likes his spam

[09:23] {Threei}  don't know ese... a lot of things in play here, with C and GE reports

[09:23] {Threei}  let's see what happens after open and wait for setups

[09:23] {cosmo} and more spam

[09:24] {dino} bti

[09:24] {dino} 5 day wicked

[09:25] {cosmo} DRYS pre mkt high (spike) = 6.44 fyi

[09:27] {dino} icui

[09:29] {Threei}  04/17/09 08:30am

[09:29] {Threei}  [PCYC] Pharmacyclics Inc Announces Global Strategic Alliance with Les Laboratoires Servier

[09:29] {Threei}  - The alliance will focus on the research, development, and commercialization of Pharmacyclics'' PCI-24781, an orally active, novel, small molecule inhibitor of Pan HDAC enzymes, that is currently in Phase I/II clinical trials in the United States and being developed for the treatment of solid tumors and hematologic malignancies. Pharmacyclics expects that this alliance will enable it to aggressively pursue its goal of developing and commercializing its innovative anti-cancer Pan HDAC inhibitor agents.

[09:30] {Threei}  Pharmacyclics will receive from Servier upfront payments totaling $11M on signing the contract and an additional guaranteed $4M for research collaboration over a 24 month period, paid in equal increments every 6 months with the initial payment due October 1, 2009. Servier will pay for all development costs outside the United States.

[09:30] {Threei}  - In addition Pharmacyclics will receive $24.5M based on the achievement of certain milestones up to and including commercialization.

[09:31] {ese} in and out of ORCL .01 in out .17 6 lots

[09:32] {ese} +.16

[09:32] {Threei} Long Setup:  STSI  5 break

[09:32] {nemo} small shares?

[09:32] {ese} yes

[09:33] {ese} small liquidity nemo

[09:33] {nemo} wow look at tht inet offer

[09:35] {Threei} Long Setup:  GE  .95 if holding .85

[09:37] {dptl} in stsi

[09:38] {magoo} in stsi

[09:38] {dptl} stop .94?

[09:39] {Threei}  half out .10

[09:40] {dptl} half out ty

[09:40] {ese} watching drys for pullback

[09:42] {ese} dino if you get a chance SOHU

[09:43] {dino} on it

[09:43] {Threei}  wow DRYS

[09:43] {Threei}  come on, give us a pullback

[09:43] {ese} indeed

[09:43] {dino} 45 strike

[09:44] {dino} the china plays really move

[09:44] {Threei}  GE

[09:44] {Threei}  EXEC: DO NOT EXPECT GE CAPITAL TO BE SUBJECT TO GOVERNMENT STRESS TESTING - CONF CALL Q&A

[09:44] {dino} 45 too much tho, 

[09:44] {ese} for sohu dino?

[09:46] {Threei}  stop is just under 5 for those who hold balance of STSI

[09:47] {ese} l drys .34

[09:47] {dino} y es

[09:47] {dino} too much, i wait small 46.51

[09:49] {dino} egg shell markets today

[09:49] {nemo} Wile E.  off the cliff...looking down?

[09:50] {ese} l drys again avg .37

[09:50] {cosmo} 6.44 hod drys

[09:51] {dino} isrg show again

[09:53] {dino} sm s icui .09

[09:53] {Threei}  F

[09:53] {Threei}  UPDATE: PRICE TARGET RAISED TO $3 FROM $1 AT CREDIT SUISSE,

[09:53] {Threei}  question: what's wrong with this picture?

[09:53] {wulff} GE

[09:54] {dino} ahh, its at 4

[09:54] {Threei}  do these guys have any slightest touch with common sense?

[09:54] {magoo} out .14 here TY vad

[09:54] {ese} l drys avg .33

[09:54] {Threei}  STSI mags?

[09:54] {magoo} yup

[09:54] {Threei}  k

[09:54] {magoo} FL

[09:54] {dino} sohu to "sell" db

[09:55] {ese} don't try this at home....

[09:55] {Threei}  APR PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 61.9 V 58.5E

[09:55] {Threei}  no, seriously

[09:55] {Threei}  you had target $1

[09:55] {Threei}  stock hits 4

[09:55] {Threei}  you don't say sell?

[09:56] {Threei}  OK, let's assume you change your mind,

[09:56] {Threei}  and now think it goes higher, in which case you don't issue sell recomendation,

[09:56] {Threei}  but how can you assign target $3 to a stock that trades at $4?

[09:56] {Threei}  doesn't it mean sell by default?

[09:56] {dino} icui tighten to .36 mkt not helping

[09:57] {Threei}  offering 1/4 more STSI .18

[09:57] {cosmo} advise for F shorters?

[09:57] {dptl} me .19

[09:58] {Threei}  thank you for not going to .17999

[09:58] {dptl} :) was just thinking about it

[09:58] {dino} cov icui .60, +.49

[09:59] {dptl} you using arca Vad?

[09:59] {Threei}  no

[10:00] {dptl} where are you then?

[10:00] {Threei}  DNDN??

[10:00] {dino} he's here

[10:00] {Threei}  HEARING SHARES TICKING HIGHER ON RUMORS OF JV WITH MAJOR PHARAM

[10:00] {Threei}  rumor...

[10:00] {Threei}  I am hidden in the trenches

[10:01] {Threei}  - Hearing the name LLY mentioned in relation to rumors{LLY}

[10:01] {dptl} sneaky :)

[10:01] {Threei}  my middle name

[10:01] {nemo} I thought it was Illych

[10:03] {ese} out drys .45 +.12 4 lots

[10:03] {dptl} out .19 some

[10:04] {dino} heck of a name 3i lilly vad

[10:05] {dino} vivo l .34, stop .23

[10:05] {Threei}  last portion offering at .35, stop is under .10

[10:07] {wulff} WFC +.32

[10:07] {Threei}  wtg

[10:07] {wulff} probably has more in it

[10:08] {Threei}  DNDN... squeeze

[10:09] {ese} dino ...you calling vad a lilly....

[10:09] {wulff} DRYS is probably feeling the squeeze too

[10:09] {dino} his name i guess

[10:10] {Threei}  what's happening today?

[10:10] {Threei}  you guys are all drunk?

[10:11] {magoo} i am

[10:11] {pita} already?

[10:11] {magoo} got in late

[10:12] {dino} bit whippy

[10:12] {ese} thats what it says in your book to do....doesn't it?   Drink heavily before trading to even out pain and euphoria.....in order to keep a level head????

[10:12] {ese} or did I get that wrong

[10:12] {dino} he left my deck at 7, but who knows if he went home

[10:13] {ese} too funny

[10:13] {Threei}  that's mostly right ese

[10:14] {ese} you people are a hoot!!!!

[10:14] {dino} call it "trading for drunks"

[10:14] {ese} great title!!!!!  I think that would sell

[10:16] {ese} got a read on sohu yet dino.....

[10:17] {dino} yeah sm l .30 imo

[10:17] {Threei}  WFC, watching for pullback closer to .40 for entry

[10:17] {Threei}  if market spikes, WFC cxan turn into .60 break long if holding above .50

[10:18] {ese} hmmmmm then i missed the boat on sohu

[10:18] {nemo} in

[10:18] {dptl} in wfc

[10:19] {ese} long fas .98

[10:19] {dino} not hitting my .30 bid either, perhaps .50

[10:20] {ese} that was a crappy fill thought I had market at .94/95

[10:21] {ese} daaaaaaaaa instead of 4/5 cents profit i'm even

[10:21] {Threei}  that's cheap commissions fore you

[10:21] {ese} no kidding eh

[10:22] {dino} gut says down big

[10:24] {dino} icui s sm .06

[10:25] {nemo} stopped

[10:25] {fernp} I hate WFC

[10:25] {dptl} stopped

[10:25] {dino} cski

[10:25] {_jfjf64} ditto

[10:25] {wulff} I love WFC

[10:26] {Threei}  {WFC} I am confused

[10:26] {nemo} why?

[10:26] {ese} close to being stopped on fas...daaaaaaaaa!!!!!

[10:26] {nemo} I'm having a hard time feeling bad for you ese

[10:27] {ese} stopped....%$##$@%$ -.14

[10:28] {wulff} you know a bounce is coming now ese

[10:28] {ese} oh ya oh ya nemo....welllllll......your mother wears army boots....take that

[10:29] {ese} or was that my mother hmmmmmmm

[10:29] {Threei}  ok... ya'll are drunk

[10:29] {nemo} my mother is dead

[10:29] {ese} oppps apologies

[10:30] {nemo} she never wore socks...feet stank

[10:30] {nemo} then she'd make me rub them...oy

[10:30] {ese} .............

[10:30] {Threei}  I feel requests to edit log coming

[10:30] {ese} ok you win the out do contest    hands down

[10:31] {dino} shld giving some back

[10:31] {Threei}  that's additional workload for me...

[10:32] {magoo} C crushed here

[10:32] {magoo} real violent move

[10:32] {dino} lod

[10:33] {dino} icui spiked, stopped -.30

[10:33] {dino} that sohu holds well imo es

[10:34] {Threei}  watching FAZ for entry on pullback

[10:34] {dino} whew good stop icui

[10:34] {Threei}  roughly .55

[10:37] {dino} vivo stop to .38

[10:38] {nemo} quintuple bottom coming in FAS from yesterday

[10:38] {nemo} hell almost 4 this morning

[10:40] {Threei}  canceling .35 offer on STSI

[10:40] {Threei}  if this thing can take that .25 offer, I want more

[10:41] {nemo} would that be another entry point?

[10:41] {Threei}  .25 break obviously, but risk is way higher

[10:41] {nemo} fuggedabowdit then

[10:42] {_jfjf64} faz?

[10:43] {Threei}  botomed at .57 with no realistic chance of executing

[10:43] {Threei}  not sure

[10:43] {Threei}  waiting for somerthing more clear

[10:43] {_jfjf64} k

[10:44] {dino} sohu l .55

[10:45] {dino} titn l .76

[10:52] {dino} vivo stopped +.04

[10:52] {Threei}  strangely narrow range for the day that promised to be all fireworks

[10:52] {Threei}  less thatn 15 points NQ range

[10:54] {dino} lps

[10:55] {nemo} expectations again

[10:55] {nemo} So, do we get the Plunge Protection Team or Plunge Production Team

[10:56] {dino} cyt, lps, scor

[10:56] {Threei}  WFC forms something of C&H kind

[10:56] {Threei}  with .75 being break point

[10:57] {Threei}  DNDN...

[10:57] {Threei}  grr

[10:58] {dptl} stop would be under .60 if breaks wfc?

[10:58] {Threei}  yeah

[10:59] {Threei}  I would prefer to try aggresive

[10:59] {Threei}  .70 break

[10:59] {dptl} ok ty

[10:59] {dino} scor l .01

[10:59] {nemo} fas break above .90?

[10:59] {nemo} oops nevermind

[11:01] {dino} sohu stopped -.25

[11:03] {Threei}  any gamblers here}

[11:03] {Threei}  ?

[11:03] {Threei}  DNDN ,40 break for you... if holding above .25

[11:04] {dptl} valid?

[11:04] {Threei}  barely

[11:04] {nemo} that's encouraging

[11:05] {dptl} :)

[11:05] {Threei}  are you on my gambling list?

[11:05] {Threei}  oh... yes

[11:05] {dino} nile

[11:05] {magoo} in .39

[11:05] {Threei}  who would have doubt

[11:05] {Threei}  magoo is director of that list

[11:05] {dptl} in

[11:08] {dptl} stopped

[11:09] {dino} intc l .50

[11:13] {dptl} wfc?

[11:13] {Threei}  no idea

[11:13] {Threei}  mess of a chart

[11:19] {ese} signing off everyone....have a great weekend

[11:19] {magoo} u 2 

[11:19] {nemo} P&Q ese

[11:19] {Threei}  have a good one ese

[11:21] {magoo} DNDN a nasty f'er

[11:21] {nemo} follower? :)

[11:23] {Threei}  SWEDISH COURT HAS FOUND THE OPERATORS OF FILE SHARING SITE THE PIRATE BAY GUILTY OF COPYRIGHT INFRINGEMENT

[11:23] {Threei}  troubles for torrents

[11:24] {vint} good morning (late) all

[11:24] {Threei}  vint :)

[11:24] {magoo} WFC .80

[11:26] {magoo} may do 20 again

[11:26] {dino}  zzzzzzzzzzzzzzzzzzzzzzzz

06[11:27] * magoo slaps dino around a bit with a large trout

[11:27] {dino} bkc l .50

[11:27] {magoo} RF on the move again

[11:30] {_robert} C?

[11:31] {Threei}  ZI'll stay away from C, it's beyond complicated

[11:31] {_robert} ok

[11:32] {magoo} [11:25] {magoo} WFC .80

[11:32] {magoo} waiting .97

[11:32] {magoo} kickin it

[11:33] {magoo} out .96..

[11:33] {magoo} to close to miss exit

[11:33] {magoo} ty vad

[11:33] {Threei}  hmmm... okay... you are welcome

[11:33] {Threei}  frikin DNDN

[11:34] {pita} roger that

[11:34] {dptl} :)

[11:35] {Threei}  DRYS new high

[11:37] {magoo} [11:27] {magoo} may do 20 again

[11:37] {magoo} 2 days i took heat off ya boss

[11:37] {Threei}  {--- happily retiring leaving magoo in charge

[11:38] {magoo} really??ok room ..lets rock -n-roll

[11:38] {Threei}  {--- quietly fades away

[11:38] {Threei}  {--- uncorks fresh bottle of Glenglivet

[11:39] {nemo} bad typing or are you on your 2nd bottle already?

[11:40] {Threei}  as if I needed any drinking to mistype things

[11:40] {dino} scor stop to .20

[11:41] {dino} out scor slipped ave .18, +.17

[11:43] {dptl} Vad, are you gonna get some more on .25 brak stsi?

[11:43] {dino} no drinking until 9

[11:44] {Threei}  nah, I have last 500 shares, will just try to get something worthy out of them

[11:44] {dino} sohu last try l .39

[11:44] {Threei}  .15 - .25 is a valid setup

[11:45] {Threei}  kind of discretionary because of previous move, but tempting because of huge size on the offer

[11:45] {Threei}  so, you likey - you takie

[11:45] {dptl} ok ty,i'll try to get in again if it's breaks

[11:46] {Threei}  sure, I'll just add you to gamblers list for second time

[11:46] {Threei}  you'll be twice gambler

[11:46] {dptl} :)

[11:46] {Threei}  which is still nothing comparing to magoo's record

[11:46] {nemo} no, he cemented that w/GOOG last night

[11:47] {Threei}  for like 128th time

[11:47] {nemo} that would be 32 years worth of GOOG quarterly reports

[11:47] {Threei}  heh

[11:47] {magoo} did i mention i live for those earningsseason?

[11:47] {Threei}  look at this

[11:48] {Threei}  (US) EPA NOTES THAT IT PLANS TO MOVE AHEAD ON REGULATING CARBON DIOXIDE AS A HEALTH AND ENVIRONMENTAL RISK - UPDATE

[11:48] {Threei}  - Note that the EPA has declared its authority to hold polluters accountable under the Clean Air Act. The decision, ordered by the Supreme Court in 2007 and based upon years of scientific research and analysis, has the potential to significantly alter energy politics and policy.

[11:48] {dino} thought you lived for food

[11:48] {Threei}  - Please also note these recent headlines:

[11:48] {Threei}  - 4/8 White House: Pres Obama is flexible on auctioning process of emissions permits in climate bill

[11:48] {Threei}  - 3/31 US House climate change bill includes rebates and possible trade protections for industry, which could include 2B tons of annual maximum carbon offsets for industry.

[11:48] {Threei}  - 3/17 DoE's Chu: US should levy tariffs on CO2 to protect competition.

[11:48] {Threei}  - 3/5 House Majority Leader Hoyer (D): Congress may pass a climate-change bill by late May.

[11:48] {Threei}  - 2/22 US climate czar Carol Browner: EPA will soon determine that carbon dioxide emissions represent a danger to the public and propose new rules to regulate emissions of carbon-dioxide from a range of industries.

[11:48] {magoo} craving chili dogs BADDDDD

[11:48] {nemo} that mean we can't exhale anymore

[11:48] {magoo} and dino refuses

[11:49] {dino} isrg hits yesterday high

[11:49] {Threei}  US should levy tariffs on CO2 to protect competition?

[11:51] {magoo} WFC WFC

[11:51] {wulff} hope you guys took WFC, i was away

[11:51] {magoo} out .30

[11:52] {magoo} ty vad

[11:57] {dino} out sohu .51, +.12

[11:58] {dptl} in.25 stsi

[12:01] {pita} have a good weekend everyone

[12:01] {Threei}  take care pita, have a good one

[12:03] {dino} out titn .88, _.12

[12:04] {dino} +

[12:10] {dino} snda

[12:13] {dino} sm l .40 risky

[12:15] {dino} stop .98

[12:16] {Threei}  dp... just a friendly reminder: you own STSI, don't fal asleep

[12:16] {dptl} oh ty..lol

[12:16] {Threei}  signed: RealityTrader wake-up call service

[12:16] {dino} stopped

[12:17] {dino} try a buck lower

[12:21] {wulff} Have a great finish. LAte

[12:21] {wulff} LAter

[12:21] {Threei}  take care wulff

[12:21] {Threei}  FED'S BERNANKE SCHEDULED TO GIVE A SPEECH AT A FED CONFERNECE AT 12:30PMET

[12:21] {Threei}  - a prepared text is expected but he will not do a Q&A

[12:21] {dino} cetv l .50

[12:24] {magoo} whens president rock star speaking today?

[12:25] {Threei}  he is speaking in Latin America, so no economy topcs anyway

[12:26] {dino} rinsed snda

[12:29] {dino} pretty tight range

[12:29] {dino} like the 70s

[12:30] {Threei}  FED'S BERNAKE: HARM STEMMING FROM CREDIT CRISIS WILL BE LONG LASTING

[12:31] {nemo} so much for your title, vad

[12:31] {Threei}  REGULATORS MUST MANAGE THE RISKS OF INNOVATION

[12:31] {Threei}  I gave it up nemo

[12:32] {Threei}  I can't compete with so many masters of the obvious from all around the world

[12:32] {nemo} Yeah...your title get's outsourced

[12:32] {Threei}  as soon as I think I more or less gor upper hand over USA competitors, someone in Europe comes out and says "financial crisis is not contained yet"

[12:33] {Threei}  I say DUH and give up

[12:33] {nemo} yeah, enemies in all directions...I'm not paranoid...and anybody that says I am, is out to get me....

[12:34] {Threei}  oh, and just when I though homeland was safe, Canadian minister of finance said "inflation risk on horizon"

[12:35] {Threei}  - When the complexity of credit products becomes too high, direct regulation may be the only solution

[12:36] {nemo} They should just simplify the products.  Complex products + Complex Regulation = Cluster relationship

[12:36] {Threei}  and anything over 1 decimal gives me a headache

[12:37] {nemo} decimal or decibel?

[12:37] {Threei}  sigh

[12:37] {Threei}  ok, 2

[12:37] {Threei}  3.14 I can handle

[12:37] {dino} its a bunch of b.s., it would not have been so bad w/o the m2m change. nowe the banks want to keep these assets because they know they are worth more

[12:37] {nemo} 3.1416 is o.k.

[12:37] {Threei}  but 3.14159999 - no

[12:38] {nemo} I'd have to take my shoes off

[12:38] {nemo} They're not worth more, it just allows them to fudge the accounting on paper

[12:39] {dino} i disagree, 92% performing

[12:39] {nemo} So, are they worth more, or not?

[12:41] {dino} yes

[12:41] {dino} why do you think private equity is lining up

[12:41] {nemo} Should they hol on to them then?

[12:43] {dino} then

[12:43] {dino} because the rule was just changed 2 weeks ago

[12:43] {dino} yes

[12:44] {dino} snda double bottom or death

[12:45] {nemo} you in snda, dino?

[12:46] {magoo} keep eye on WFC..IF IF mkt decides to rip, its got big potential..not in here

[12:46] {dino} no

[12:47] {dino} bti l .64

[12:52] {fernp} DRYS consolidating hod... should I ignore DRYS breakout??

[12:52] {Threei}  this one may be worth it

[12:53] {dptl} .75?

[12:53] {fernp} lunch-time, friday, breakout...

[12:53] {Threei}  .75 would be aggresive, .80 is right above

06[12:54] * magoo slaps laserdave around a bit with a large trout

[12:54] {dptl} stop under .65?

[12:54] {magoo} MS nuts

[12:55] {magoo} news MS vad?

[12:56] {Threei}  no

[12:56] {dptl} or under .70 ? if takes .75

[12:56] {Threei}  BAC

[12:56] {Threei}  PROXY ADVISOR GLASS LEWIS RECOMMENDS SHAREHOLDERS VOTE AGAINST RE-ELECTION OF CEO LEWIS AT APRIL 29 ANNUAL MEETING - CNBC

[12:56] {Threei}  - Also recommends voting against lead director Temple Sloan.

[12:56] {Threei}  - Calls on shareholders to vote to split chairman and CEO roles.

[12:56] {Threei}  US) CONGRESSIONAL PANEL ON TARP NOTES TREASURY SEC GEITHNER TO TESTIFY APRIL 22 AT 10AMEST

[12:57] {Threei}  both are valid dp

[12:57] {dptl} ok ty

[13:01] {dptl} in .75 drys

[13:02] {fernp} me too

[13:03] {dptl} .70 stop for you?

[13:03] {fernp} yes

[13:09] {dino} hod s/p ndx

[13:11] {fernp} out here +.10

[13:12] {Threei}  :)

[13:12] {Threei}  thought this one did have a chane

[13:13] {magoo} RF nutsarolla vad

[13:13] {fernp} yes. was fine

[13:15] {dptl} out half .85..wierd wasn't get filled till last moment

[13:18] {dptl} all out .97 ty

[13:18] {Threei}  :)

[13:19] {fernp} very gj dp

[13:19] {dptl} ty..now i need that stsi to wake up

[13:20] {magoo} GE high vad

[13:21] {Threei}  don't know about this one mags

[13:22] {magoo} ok

[13:27] {dino} out intc .62 +.12

[13:42] {dino} bti to .81

[13:44] {dino} ohh mannn, major slip ave .77, +.13

[13:45] {dino} snda drop again

[13:47] {Threei}  DRYS non stop

[13:57] {Threei}  REPORTEDLY BOA, JP MORGAN AND WELLS FARGO ARE HOLDING DISCUSSIONS WITH CONGRESS OVER NARROWING SCOPE OF BANKRUPTCY "CRAMDOWN" BILL

[13:57] {Threei}  - Terms of negotiations include establishing a five-year program, no principal write downs and compatibility with Obama Administration's housing plan

[13:57] {dino} cetv dead, stop to .44

[14:00] {dino} stoppped -.08

[14:01] {dino} shld

[14:02] {Threei}  volume is quite ridiculous

[14:03] {nemo} dow volume is strong

[14:03] {Threei}  nasdaq is next to non-existent

[14:08] {dptl} ok finaly...stopped stsi  ave.-.06

[14:22] {dino}  ofix l .35

[14:24] {Threei}  DNDN is ridiculous

[14:24] {dino} wmt l .50

[14:28] {dino} snda sm l .14

[14:33] {dptl} hot?

[14:33] {Threei}  yuck

[14:35] {dino} ofix stop to .48

[14:38] {dino} hot???????

[14:40] {dino} ofix to .53

[14:41] {dino} to .55 stingyyyyyyyyyyyy

[14:41] {dino} oiut slip ave. 54 +.19

[14:41] {_jfjf64} jback

[14:42] {dino} c'mon wmt i want a smilely face

[14:43] {dino} smily?

[14:51] {Threei}  wow DNDN

[14:51] {nemo} bounce?

[14:52] {Threei}  this is tryuly scary thing

[14:52] {nemo} that might be catch a falling elevator

[14:52] {Threei}  see?

[14:52] {Threei}  this is not falling knife.... this is falling piano

[14:52] {nemo} Oh yeah, got the 5 minute up too...a lot of air under there

[14:53] {Threei}  any more than on 1 min?? :)

[14:53] {dino} nni

[14:53] {nemo} I can see the whole day on the 5 minute

[14:53] {Threei}  hmm?

[14:54] {Threei}  I can see whole day on 1 min too

[14:54] {Threei}  how is it an issue?

[14:54] {nemo} tomato tomato

[14:54] {nemo} I have smaller screens up

[15:00] {dino} lol

[15:00] {nemo} what Dio?

[15:01] {nemo} Dino...not to be confused with Ronnie James Dio

[15:02] {dino} snda stopped done w/it

[15:03] {dino} there are better worlds than these

[15:03] {nemo} the transition can be a bitch

[15:04] {dino} maybe so, maybe so

[15:05] {dino} titn trying

[15:06] {dino} nni break of .08

[15:10] {dino} vivo l .40

[15:10] {Threei}  if ese was here, I guess he would be in FITB

[15:13] {Threei}  WHITE HOUSE: OBAMA HAS COMPLETE CONFIDENCE IN AUTO TASK FORCE CHIEF RATTNER

[15:13] {Threei}  - reminder: earlier today it was reported that Rattner is involved in a probe of an alleged kickback payments

[15:13] {Threei}  oh boy

[15:14] {dino} lol

[15:14] {dino} and probably did not pay his taxes, :)

[15:14] {Threei}  I want to start counting people who president has complete confidence in

[15:15] {dino} everybody he picks, regardless of circomstances

[15:15] {Threei}  if ese was here, I guess he would be exiting FITB

[15:15] {magoo} finnies again vad

[15:16] {dino} i miss es

[15:16] {dino} lol

[15:16] {nemo} he's been killing it lately

[15:16] {Threei}  ese is amazing story

[15:16] {dino} indeed he has

[15:16] {Threei}  started as many did

[15:17] {Threei}  read about 120 books,

[15:17] {Threei}  went through some courses

[15:17] {Threei}  finally tired of losing money and picked one book that made sense to him

[15:17] {Threei}  which turned to be TTR

[15:17] {Threei}  started looking up the author

[15:17] {Threei}  was shocked to find out author just moved to the same city where he lived

[15:18] {Threei}  sent e-mail

[15:18] {nemo} divine intervention

[15:18] {Threei}  we met, he grabbed MPP from me

[15:18] {Threei}  in a montrh or so joined the room

[15:18] {Threei}  started proces of unlearning bs

[15:18] {Threei}  made kind of round bottom, so to speak

[15:19] {Threei}  and started making very nice money with amazing consistency

[15:19] {Threei}  local celebrity in music btw

[15:19] {Threei}  fantastic drummer, has professional band and unique high school band

[15:20] {Threei}  http://www.themidnights.com/bio.htm

[15:24] {Threei}  everyone's looking at photos or just asleep?

[15:24] {Threei}  FAZ new all-time lows

[15:25] {Threei}  MGM

[15:25] {Threei}  REACHES AGREEMENT WITH DUBAI WORLD TO COMPLETE CITY CENTER CONTRUCTION; PLAN MUST STILL BE APPROVED BY CITYCENTER LENDERS - WSJ

[15:26] {dino} mgm

[15:27] {Threei}  - new plan would protect the CityCenter project from MGM cross-defaults.

[15:27] {Threei}  - Reminder: earlier today, MGM said it would provide funds to continue construction on CityCenter project, putting forward $70M to cover the current construction costs for CityCenter, includes $35M that was supposed to have been funded by Infinity World, a subsidiary of Dubai World.

[15:28] {dino} cross defaults does not sound good

[15:30] {Threei}  I suspect dino doesn't want to gamble on MGM

[15:30] {dino} thinking short

[15:31] {dino} can't

[15:38] {magoo} WFC doing it

[15:38] {magoo} big 

[15:40] {Threei}  nice

[15:43] {magoo} i am in it

[15:43] {magoo} repeadily

[15:44] {dino} titn l .83

[15:45] {Threei}  I am scared to think how many of "buy every new low" traders get killed in FAZ

[15:49] {nemo} well, that's all she wrote...P&Q

[15:51] {dino} out vivo .47, +.07

[15:53] {dino} hard sell

[15:54] {Threei}  OBAMA ADMINISTRATION WILL USE COMPETITIVE BIDDING TO BUY WHEELCHAIRS, COULD SAVE $1B ANNUALLY - WSJ

[15:54] {Threei}  huh?

[15:56] {Raven} I'm not ready for one of those yet ...

[15:56] {dino} snda 47s

[15:56] {Threei}  come on Raven, help them save 1B

[15:57] {Raven} sigh

[15:57] {Threei}  I'll get one too and we will race

[15:57] {Threei}  or chase cosmo down the street

[15:57] {Raven} I like that ... Formula I wheelchairs

[15:58] {Raven} wake up cosmo !!

[15:58] {Threei}  and hit him with cruthces if we get him

[15:58] {Raven} yesssssssssss

[15:58] {vint} good weekend all

[15:58] {dptl} have a good weekend all

[15:58] {Threei}  okay guys, thank you all

[15:58] {Threei}  have a good weekend

[15:58] {Threei}  see you all on Monday

[15:59] {Threei}  a bit boring day but Fri is Fri

[15:59] {dino} titn out -.03

[16:00] {_jfjf64} ty  enjoyed week in room   look forward to  trading with tou in  future   will call afterclose    good day all

[16:01] {dino} glad to have you

Apr 16 2009

Very nice day with just one stop. This time we managed to get a feel of financials starting to rally and utilized it with strong trades in JPM, WFC and FAS.

Session Time: Thu Apr 16 00:00:00 2009

[08:10] {Threei}  04/16/09 06:29am

[08:10] {Threei}  [JPM] JPMorgan Chase and Co Reports Q1 $0.40 v $0.32e, R $26.9B v $22.95Be

[08:10] {Threei}  - Q1 Net new credit extended $150B

[08:10] {Threei}  - Q1 ROE 5.00% v 1.00% q/q

[08:11] {Threei}  - CEO Dimon: It is reasonable to expect additional increases to credit reserves if the economic environment worsens. Yet, we are confident that even a highly adverse economic scenario would not compromise our overall strength and stability - or our ability to enhance our franchises. We remain well-positioned to benefit when the economy recovers and remain committed to serving our clients, investing in our franchise and building a stronger company for the future

[08:11] {Threei}  04/16/09 07:43am

[08:11] {Threei}  [JPM] JPMorgan Chase and Co CEO: Company is capable of paying back TARP "tommorow"; waiting for guidance from Treasury

[08:11] {Threei}  - Remarks that does not need to raise capital at the moment; but could do so through private channels

[08:11] {Threei}  - PPIP program may be helpful to financial system, it is however irrelevant to JP Morgan as it does not intend on participating in the program

[08:11] {Threei}  - States that TARP money has become a 'scarlet letter' for banks

[08:11] {Threei}  - Have begun to see stability in economic activity, so far that stability however has been at lower levels than that of pre-credit crisis

[08:11] {Threei}  - Mortgage busisness will 'do fine'

[08:23] {Threei}  PREVIEW: INITIAL JOBLESS CLAIMS AND CONTINUING CLAIMS DUE OUT AT 8:30AMET

[08:23] {Threei}  - Expectations for initial claims are 660K v prior release of 654K (range seen from 635K to 700K)

[08:23] {Threei}  - Continuing claims seen at 5.893M v prior 5.840M. (range seen from 5.750M to 5.950M)

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 610K V 660K;

[08:30] {Threei}  CONTINUING CLAIMS: 6.022M V 5.893ME

[08:30] {Threei}  - Prior jobless claims revised from 654K to 663K

[08:30] {Threei}  - Prior Continuing Claims revised from 5.840M to 5.850M

[08:30] {Threei}  MAR HOUSING STARTS: 510K V 540KE; BUILDING PERMITS: 513K V 549KE

[08:30] {Threei}  - Prior Housing Starts revised from 583K to 572K

[08:34] {Threei}  JPM CFO: WE'VE BEEN FULLY CONSISTENT ON TARP, WE WANT TO REPAY AS SOON AS POSSIBLE; "I DON'T THINK WE NEED MORE CAPITAL" - CONF CALL Q&A

[08:35] {cosmo} how about the homeowner though?

[08:35] {larisa} good morning :)

[08:35] {Threei}  cosmo, larisa :)

[08:35] {cosmo} 3i, lrs :)

[08:46] {dptl} good morning

[08:46] {Threei}  dp :)

[08:47] {cosmo} JAVA pre mkt high = 6.84  so far

[08:47] {Threei}  08:09am [JAVA] Pre-market strength attributed to speculation Sun is willing to resume negotiations if IBM will soften stance

[08:47] {magoo} morning

[08:48] {cosmo} they gonna buy out IBM?

[08:48] {cosmo} nah

[08:49] {Threei}  mags :)

[08:49] {magoo} vad:) jpm report yet?

[08:50] {Threei}  like a few hours ago

[08:50] {Threei}  [08:10] {Alert} Threei [JPM] JPMorgan Chase and Co Reports Q1 $0.40 v $0.32e, R $26.9B v $22.95Be

[08:50] {Threei}  [08:11] {Alert} Threei - Q1 Net new credit extended $150B

[08:50] {Threei}  [08:11] {Alert} Threei - Q1 ROE 5.00% v 1.00% q/q

[08:50] {magoo} not much reaction?

[08:50] {Threei}  and a whole lot of words

[08:51] {Threei}  notably,

[08:51] {Threei}  - States that TARP money has become a 'scarlet letter' for banks

[08:52] {magoo} pretty good report tho

[08:53] {Threei}  well, market recovered nicely

[08:53] {Threei}  and JPM went buck and half off lows

[08:55] {Threei}  market is depressed by GGP

[08:55] {Threei}  01:45am [GGP] Files for Chapter 11 Bankruptcy ($27.3B approximate liabilities)

[08:59] {cosmo} ATVI

[09:00] {fernp} Hello everybody

[09:00] {Threei}  fern :)

[09:01] {pita} hello, hello

[09:01] {Threei}  STEM

[09:01] {Threei}  SIGNS LICENSE AGREEMENT WITH MAJOR PHARMACEUTICAL COMPANY COVERING GENE INSERTION TECHNOLOGY

[09:01] {Threei}  - A major international pharmaceutical company has taken a non-exclusive license to the Companys recently acquired Internal Ribosome Entry Site (IRES) technology.

[09:01] {Threei}  - The IRES technology enables the dual expression of a protein of interest and a selectable marker, thereby enabling researchers to genetically modify any mammalian cell and monitor the activity of a particular gene of interest in living cells or tissues without blocking the normal function of the gene.

[09:01] {Threei}  - The financial terms of the license are confidential

[09:04] {dino} gm all

[09:04] {Threei}  dino :)

[09:05] {Threei}  that's an unusdual event for STEM

[09:05] {dino} isrg, misses and goes up?

[09:05] {Threei}  normally it moves on general sector news, very rarely has its own

[09:08] {ese} good morning....one more day of repreive waiting for the new Visa........$%#$#@  talk about snail mail

[09:08] {Threei}  ese :)

[09:08] {Threei}  your FITB is active again

[09:09] {ese} I scalped it again at school yesterday at lunch......81 to .90 +.09 on 20000shs

[09:10] {Threei}  you are ruthless

[09:10] {dino} you will be quitting your teaching soon

[09:10] {ese} it works for this stock vad the big shs.......the liquidity is great

[09:10] {Threei}  at such rate, he will be quitting his trading soon too

[09:11] {Threei}  that;s the whole idea of scalp type I

[09:11] {ese} well i would like to cut back that teaching load....don't want to totally give it up

[09:11] {nemo} nah...he's addicted

[09:11] {Threei}  take advatntage of liquidity by playing big size

[09:11] {magoo} but commission becomes an issue vad

[09:12] {Threei}  not if you use ECN rebate at least on one side

[09:12] {Threei}  and if you can use it on both, trade is almost commissions free

[09:13] {dino} you've created an animal

[09:13] {cosmo} ATVI gets busy

[09:14] {cosmo} @11

[09:14] {dino} bkc

[09:14] {dino} out pre .25, +.25

[09:16] {ese} is this lookin like an up day......

[09:17] {Threei}  so far

[09:17] {Threei}  changes on a dime lately, you know :)

[09:18] {ese} hey dino......if i keep this goin....got permission from my wife  to fly to Mertle Beach to do some golf

[09:18] {pita} so looking for breakouts?

[09:18] {dino} sweet

[09:18] {ese} skins....50 cents a hole....ehhhhhhhh what da ya say?

[09:19] {Threei}  I would prefer pullbacks still, pita

[09:19] {Threei}  may have to go for a break if we get consolidation and open break

[09:19] {pita} watching banks or more?

[09:20] {ese} go with pullback pita.......any breakouts i've tried in the last three weeks basically fail

[09:20] {Threei}  banks and whatever else scanner spits

[09:21] {dino} indeed

[09:21] {pita} thanks guys - happy for you ese, and working on doing the same

[09:22] {ese} does anyone know when ORCL reports?

[09:22] {magoo} u never know ES...i took some breakouts 

[09:23] {ese} very true mags....probably just the stocks i'm monitoring

[09:23] {dino} % higher on pullbacks for me

[09:24] {magoo} dino..ISRG has a 5 day gap to fill 101

[09:25] {pita} I'm not so good at figuring the extent of the pullback; do you have a guide for that?

[09:26] {dino} sun news reminds me of yahoo msft

[09:26] {ese} doesn't look like it's going to fill it today mags

[09:26] {pita} do you use fib for that?

[09:26] {dino} me?

[09:26] {dino} 5 day charts

[09:26] {pita} anyone using pullbacks

[09:27] {dino} me, but "big" ones

[09:27] {ese} I have been pita

[09:27] {dino} more capit type

[09:27] {pita} the missing ingredient for me is patience to wait for good entry

[09:27] {dino} ex, watch bkc around 18.50

[09:28] {Threei}  one thing to keep an eye on, breakouts wise

[09:28] {Threei}  WFC

[09:28] {Threei}  after that huge gap it topped out just under 20

[09:28] {Threei}  after some dancing around it approaches 20 again

[09:29] {dino} nok

[09:29] {Threei}  it's also the resistance from Jan - Feb

[09:29] {Threei}  if WFC takes 20 with some market help, I'd say it's a candidate for another stunning move

[09:30] {dino} hmmm nok misses and pops, intc hits and drops

[09:31] {Threei} Long Setup:  STEM  1.80 if holding above 1.70

[09:31] {ese} L ORCL .80

[09:32] {ese} out .87

[09:32] {nemo} big drop WFC

[09:32] {ese} +.07 3 lots

[09:32] {nemo} smack ese with a wad of cash

06[09:32] * nemo slaps ese around a bit with a large bag of quarters

[09:33] {ese} that felt good

[09:33] {nemo} masochist

[09:33] {ese} ouch

[09:33] {dino} bkc fast fall, watch yesterdays low imo

[09:33] {Threei}  WFC bounce ready

[09:33] {nemo} already ounced

[09:33] {nemo} b

[09:34] {wulff} look at Rimm

[09:34] {Threei}  UPDATE: CNBC REPORTS IBM NOT INTERESTED IN NEW TALKS WITH JAVA

[09:34] {Threei}  {IBM}

[09:37] {ese} yaa rimm has open sky above

[09:37] {Threei}  FITB fast drop

[09:38] {ese} boy did it

[09:38] {Threei} Long Setup:  FAS  .75

[09:39] {ese} fitb reports next week....i'm very wary of it

[09:39] {Threei}  stop for scalpers under .70, for day traders under .60

[09:39] {Threei}  Prez on TV

[09:40] {nemo} stop on fas

[09:40] {ese} L rimm .21

[09:41] {magoo} l axp .80

[09:41] {ese} would prefer to have the q's showing up....but we'll see

[09:41] {dptl} l fas .75

[09:43] {ese} out rimm .60 +.39

[09:44] {magoo} nice

[09:44] {wulff} the banks are fine.... go up

[09:44] {dino} ugh original idea bkc was correct

[09:44] {fernp} gj

[09:44] {ese} tks

[09:44] {ese} dangerous now with q's really against it

[09:44] {Threei}  no worky FAS

[09:44] {dptl} stopped fas

[09:45] {Threei}  AAPL salmon

[09:46] {nemo} wfc sitting on yesterdays close

[09:46] {Threei}  hmm?

[09:47] {Threei}  it's 60 cents under yest close

[09:47] {nemo} i lied...morning low

[09:49] {dino} lol

[09:49] {magoo} offering OUT AXP 09

[09:49] {magoo} +.29

[09:50] {dino} gj

[09:51] {Threei}  AAPL

[09:51] {Threei}  .10 long, half lot

[09:51] {Threei}  if holding above 118.90

[09:53] {Threei}  invalidated, .50 - .60 area is next of interest

[09:54] {ese} L rimm .55

[09:54] {ese} rats missed .50

[09:54] {nemo} stop ese?

[09:55] {magoo} grabed AAPL 119 crossover

[09:55] {ese} .40

[09:56] {ese} damn thing moves too fast for me....want quick stop

[09:57] {magoo} out .40 TY boss

[09:57] {ese} out rimm .82 +.27

[09:57] {Threei}  perfect spike RIMM

[09:58] {Threei}  wtg ese

[09:58] {ese} whoaaa look at it

[09:58] {magoo} hey..my AAPL crossover was nice

[09:58] {Threei}  GM

[09:58] {Threei}  REPORTEDLY UNDER GOVERNMENT PRESSURE TO SELL GMC BRAND

[09:58] {Threei}  wtf

[09:58] {ese} don't know if I like stocks like that

06[09:58] * nemo pats mags on the head

[09:58] {Threei}  sure was mags, there there

[09:58] {magoo} looking for approval from the master

[09:58] {magoo} lol

[09:58] {Threei}  lol

[09:59] {ese} you have my un dying admiration mags

[09:59] {magoo} i know...but like the child...i need vads he he

[09:59] {dino} ebs l .89

[10:00] {Threei}  APR PHILADELPHIA FED INDEX: -24.4 V -32E

[10:00] {ese} Fitb....what the heck is it doin...all over the map for that stock

[10:00] {dptl} mxim?

[10:01] {Threei}  14.50 is serious break on daily for MXIM

[10:01] {Threei}  I hate lack of volume on it

[10:01] {dptl} yes 

[10:01] {nemo} ese mimicing fas

[10:01] {Threei}  but with market help should be a nice breaj

[10:02] {ese} almost exactly to a tee nemo

[10:03] {dino} out ebs .05, +.16

[10:03] {dino} ugh isrg

[10:03] {ese} wow look at that dump on it dino

[10:04] {ese} topped out maybe.....may go dn to cover that gap

[10:05] {dino} and i said to magoo, lets short it, but it kept going up

[10:05] {ese} Vad....in what way would FAS be connected to the QQQQ

[10:05] {Threei}  not directly, just in generall market direction sense

[10:06] {Threei}  SPY should be better correlation for FAS

[10:06] {ese} tks

[10:06] {dino} more to dji, s/p imo

[10:06] {Threei} Long Setup:  WFC  19 break if holding above .90

[10:07] {ese} tks

[10:07] {dino} dji, s/p lods

[10:07] {dino} feeling heavy

[10:08] {Threei}  PALM

[10:08] {Threei}  this thing is getting serious

[10:08] {dptl} wfc still valid?

[10:08] {Threei}  yes but keep an eye on FAS

[10:08] {Threei}  WFC needs its help

[10:09] {dptl} and stem still valid?

[10:09] {ese} are you thinkin up on fas

[10:09] {nemo} not showing that yet ese

[10:11] {Threei}  with any market help PASLM is aiming for 10 and higher

[10:11] {Threei}  PALM

[10:11] {cosmo} hmmm

[10:11] {dptl} in wfc

[10:12] {nemo} in

[10:13] {Threei}  if survives this market downtick, will probably be capable of more than scalp

[10:13] {ese} fas....good lokkin daily chart

[10:13] {wulff} can sense that fight

[10:16] {_jfjf64} wfc still good to enter   was  gone min

[10:16] {ese} L FAS .66  hmmmmm I bit on the uptick in the s/p

[10:18] {nemo} finnies were up so much yesterday, even as much as they are down, their still way above yesterday

[10:18] {Threei}  don't want to impose my my trading decisions on you, so if you are inclined to scalp, do so by all means

[10:18] {Threei}  I intend to partial

[10:18] {nemo} yeah, long out of wfc

[10:18] {_jfjf64} ty

[10:19] {magoo} palm vad?

[10:19] {Threei}  looks very string but finding an entry on it is a problem

[10:20] {dptl} half out wfc

[10:20] {Threei}  WFC 1:1, half out for me

[10:21] {dptl} out all .17  ty

[10:21] {fernp} out ty Vad

[10:21] {Threei}  welcome

[10:21] {dino} ady range wow

[10:21] {dino} ebs round two coming

[10:21] {dino} .40 trig imo

[10:22] {ese} fas stop .60 

[10:22] {dino} plcm near lod

[10:24] {nemo} RIMM looking toppy

[10:24] {ese} out fas ...stopped -.06

[10:25] {ese} dumb dumb dumb.....had $300 in my pocket......at .71

[10:25] {dptl} stem still valid ?

[10:26] {Threei}  discretionary

[10:26] {Threei}  formally yes...

[10:26] {dptl} ok ty

[10:26] {Threei}  whether it prepares something or just died on the vine, no idea

[10:26] {pita} ty Vad Ese Dino - my best day this year.  Quitting while ahead.  Maybe cu later...

[10:27] {Threei}  this stock is a wierdo

[10:27] {Threei}  wtg pita

[10:27] {Threei}  great to hear

[10:27] {ese} see ya pita

[10:27] {dino} plcm l .67 stop lod

[10:27] {Threei}  okay WFC

[10:27] {Threei}  let's do it

[10:27] {cosmo} PALM ...gonna test for another leg soon

[10:27] {Threei}  take .20 and show those pesky scalpers what you are capable of

[10:27] {cosmo} 9.98 hod

[10:28] {cosmo} needs to hold .70 imo

[10:29] {dino} ady v sm v risky l .60

[10:29] {dino} did not expect that one

[10:30] {Threei} Long Setup:  RIMM  half lot .15

[10:30] {Threei}  if stays bove 66

[10:31] {magoo} in rimm

[10:31] {magoo} in aapl

[10:31] {dptl} in

[10:31] {magoo} ,40

[10:31] {Threei}  anything magoo is not in?

[10:31] {Threei}  RIMM 1:1

[10:31] {dptl} out ty

[10:32] {Threei}  broken record:

[10:32] {Threei}  IMF REITERATES VIEW THAT COORDINATED GLOBAL EFFORT IS NEEDED TO DEAL WITH FINANCIAL CRISIS

[10:32] {cosmo} buy globeros

[10:32] {magoo} out .37 RIMM FL ty boss

[10:33] {dino} ebs stop to b/e

[10:33] {magoo} out AAPL here

[10:34] {magoo} +.450

06[10:34] * Threei slaps magoo around a bit with a large roll of cash

[10:34] {dino} stopped reverse slip .43, +.03

[10:34] {magoo} again please

[10:34] {Threei}  nope... you enjoy it too much

[10:34] {Threei}  WFC... scalpers win

[10:34] {Threei}  again

[10:35] {magoo} wierd..BIDU down GOOG up

[10:37] {dino} plcm stopped .53 -.14

[10:38] {dino} goog reports tonight

[10:39] {Threei}  that ought to be interesting

[10:40] {Threei}  30 points move in a matter of 3 seconds, lol

[10:40] {nemo} oh yeah, you made a killing on a 15 second scalp last time

[10:40] {Threei}  no slightest intention to repeat it this time, lol

[10:40] {magoo} excuse me vad..bnut it usually 35 points 

[10:40] {nemo} at this time

[10:41] {magoo} my only reason for livving is the goog, aapl, rimm, gs reports

[10:42] {Threei}  you need to get out more mags

[10:42] {Threei}  get a life

[10:42] {Threei}  meet people

[10:42] {magoo} why?

[10:43] {Threei}  surely there are must be some women aroun d to show you that here is more to life than goog, aapl, rimm, gs reports

[10:43] {Threei}  sheesh, my typing worsens by day

[10:43] {Threei}  just when I think it hit rock bottom

[10:44] {magoo} u should sign up for theionlinertading cvourse i take vad

[10:44] {Threei}  yeah, I see it does miracles to your typing

[10:45] {magoo} weant thesite?

[10:45] {magoo} futes ugly herre

[10:45] {Threei}  typeingbeter.com?

[10:46] {nemo} omfg

[10:46] {Threei}  that's my site... oddly enough, not many clients

[10:46] {magoo} lol

[10:46] {ese} whats goin on?

[10:47] {Threei}  I don't see any news

[10:49] {magoo} doug kass pressing his skf long and spy short here

[10:49] {magoo} hes been dead on

[10:49] {Threei}  ahhh... missed this:

[10:49] {Threei}  04/16/09 10:17am

[10:49] {Threei}  [PALM] Palm, Inc Hearing renewed takeover chatter circulating

[10:49] {Threei}  - Dell rumored as potential acquirer, same chatter as back on 3/13/09

[10:49] {Threei}  remember we once specualted about DELL as possible suitor for PALM?

[10:49] {dino} schw l .15

[10:49] {Threei}  seems to take life on its own, lol

[10:50] {dptl} lbtya?

[10:53] {Threei}  nice chart for a strong bull day

[10:53] {Threei}  for what we have so far, not so much

[10:53] {dptl} ok ty

[10:56] {magoo} L spy .87

[10:59] {dino} bkc l .70, stop lod

[11:01] {magoo} 1:1

[11:01] {dawg} thanks Magoo for SPY

[11:02] {magoo} take it dawg?

[11:02] {dawg} Yes for dime scalp ty

[11:02] {magoo} im still in

[11:02] {magoo} u DAWGlol

[11:02] {dawg} you are doing just fine the DAWG

[11:05] {dptl} cl?

[11:06] {Threei}  same chart... same comment

[11:06] {Threei}  *STRESS TESTS TO BE RELEASED BY MAY 4 - CNBC

[11:06] {dptl} :) ye thougt so ...ty

[11:06] {Threei}  I feel stressed already

[11:06] {Threei}  and tested

[11:07] {dino} ebs l .68

[11:09] {Threei}  DETAILS ON STRESS TEST ASSUMPTIONS APRIL 24

[11:09] {Threei}  - May 4 release will includes stress test results and capital plans for filling holes

[11:10] {dino} i.e. selling shares

[11:14] {dino} ebs stop to .89

[11:14] {Threei}  BRCD

[11:14] {Threei}  REPORTEDLY IBM TO SELL CO. ETHERNET SWITCHING AND ROUTING PRODUCTS

[11:14] {dino} to .94

[11:15] {dino} to .98

[11:15] {dino} out +.30

[11:15] {Threei}  wtg'

[11:15] {dino} too tight

[11:16] {magoo} out .13 SPY

[11:16] {magoo} +.20 something

[11:16] {dino} ty

[11:16] {nemo} .26 mags

[11:17] {magoo} u go nemo?

[11:17] {dino} gj nemo

[11:18] {nemo} not me, mags said 20 something, I remembered he went in @ .87

[11:18] {magoo} ok..lol...ty

[11:19] {magoo} once u start doing that..ass lazy as i am..ill expect u to calculate them all for me ..ok

[11:19] {dino} ahhh

[11:19] {nemo} for some reason, that moment found my one good braincell

[11:19] {dino} ass lazy, thats a new one

[11:20] {nemo} he's backwardated

[11:20] {nemo} disleximicated

[11:20] {Threei}  you guys are so tude... I am blushing here

[11:20] {nemo} fubar

[11:20] {Threei}  rude

[11:20] {nemo} bohica

[11:20] {dino} lol

[11:20] {nemo} hehehehe

[11:21] {dino} intc l .45

[11:23] {dino} schw ap fill

[11:25] {dino} gap

[11:25] {Threei}  action all but disappeared

[11:26] {larisa} I bet we will go into weekend with DOW over 8200. Anybody with me ? 

[11:26] {nemo} hate optimists

[11:26] {larisa} lol

[11:26] {Threei}  under 7800 larisa

[11:26] {patience} i thought we would start a correction by tomorrow.  You are probably right though Larisa.

[11:26] {Threei}  [11:26] {nemo} hate pessimists just as well

[11:27] {larisa} I asked who is with me, not against me :)

[11:27] {Threei}  oh, sorry

[11:27] {patience} my mistake

[11:27] {larisa} lol

[11:27] {Threei}  I just wanted to fill the range of bets

[11:28] {Threei}  since we are at 8000, 200 down seemed to be perfect balance vs your 200 up

[11:28] {Threei}  this way we leave whole 400 points for other room members

[11:29] {Threei}  on, and we leave nemo option to hate both of us

[11:30] {nemo} put you on my "Disgruntled Postal Worker Fantasy List"

[11:30] {Threei}  uh oh

[11:30] {nemo} some names are in pencil...some in pen...

[11:31] {Threei}  Newman! (in my best Seinfield voice)

[11:31] {nemo} market has been spending alot of time in a coma lately

[11:32] {larisa} it called congestion.. before we spike up like crazy :)

[11:32] {Threei}  I prfer consolidation

[11:33] {Threei}  congestion is too closely associated with indigestion

[11:33] {nemo} fine, you use the word coma

[11:33] {larisa} lol

[11:33] {Threei}  coma is my usual state

[11:33] {Threei}  market is trying to imitate

[11:33] {nemo} yeah...so you're one with the market...duh.

[11:34] {larisa} consolidation is something nice and healthy and market looks sick, congested

[11:34] {Threei}  sure.. principle of oneness...

[11:34] {Threei}  hmmm... if it's sick, how come you bet on +200?

[11:35] {larisa} because all wait for correction to hit 

[11:36] {Threei}  not me...

[11:36] {Threei}  I just had to take opposite side of your call

[11:36] {larisa} lol

[11:37] {Threei}  but my take is, surprise rally is brewing

[11:37] {dino} i'll take either up or down 200

[11:37] {dino} pita, see schw fill that gap from yesterday

[11:38] {ese} see ya in an hour......

[11:39] {Threei}  take care ese, we'll be here

[11:39] {Threei}  (even if comatose)

[11:40] {pita} yes, dino - but how do you pick entry?

[11:40] {Threei}  in past days, this kind of market climb we had over last 40 min or so produced sharp pullback, then recovery and rally

[11:41] {Threei}  let's see if we get WFC drop into 19 on this idea

[11:41] {nemo} fas break of .71?

[11:41] {Threei}  and try to take it there

[11:41] {Threei}  no

[11:41] {Threei}  no breakouts

[11:41] {nemo} need consolidation

[11:41] {Threei}  if scenario above materializes, pullback into .50 are is our entry idea

[11:43] {Threei}  here starts WFC pullback

[11:43] {_jfjf64} lost me

[11:43] {Threei}  at which turn?

[11:43] {larisa} .50 entry was for FAS jf

[11:44] {_jfjf64} ty

[11:44] {Threei}  WFC, want pullback into 19 for long entry,

[11:44] {Threei}  FAS, want pullback into .50 for long entry,

[11:44] {dino} pita, i jumped gun on it

[11:44] {Threei}  if they continue climbing, letting them go

[11:45] {dino} but usually depends on markets if dropping which happened, then wait for .05 above the gap usually

[11:45] {dino} but in general, i want something down a buck+ bto consider

[11:46] {dino} but use a 5 day for a(w)hile (as family guy says) to find entries

[11:46] {magoo} in wfc .17

[11:47] {nemo} frickin wfc frickin fas

[11:47] {dino} up

[11:47] {pita} k

[11:47] {dino} vivo

[11:47] {dino} mktx

[11:55] {dino} sm l vivo .00, stop .77

[11:57] {dino} intc stop to .57 stingy mode

[11:59] {dino} i effectively killed the bkc

[11:59] {magoo} out wfc ..dimer

[12:00] {dino} out intc +.12

[12:01] {nemo} anyboy thinking WFC short?

[12:02] {dptl} Vad, is that c$h on lbtya?

[12:02] {magoo} i dont l;ike short anything today,..just my o...but i like long

[12:02] {Threei}  just JBE consolidation

[12:02] {nemo} scarin' me magoo

[12:03] {dino} deck coming down to open gap perhaps 59.30

[12:03] {Threei}  if that's C&H, it sure is not a noble china

[12:03] {dino} or not

[12:03] {magoo} do not be afraid..said the spider to the fly

[12:04] {dptl} well from ..like 11:00

[12:04] {Threei}  yeah, I see it

[12:04] {Threei}  volume doesn't really shape up as C&H

[12:04] {Threei}  as JBE though, why notr

[12:05] {dptl} ok...are gonna take it?

[12:05] {Threei}  but they are being played similarly in this case, so it's a moot point

[12:05] {dptl} you

[12:05] {Threei}  me no

[12:06] {dptl} ok ty

[12:06] {dino} abbott and costello again

[12:08] {Threei}  me is in wait for pullback mode

[12:08] {nemo} WFC short might work out

[12:08] {Threei}  me ignores breakouts at this point

[12:10] {dino} wmt pretty good drop

[12:11] {Threei}  FED ANNOUNCES PLANS TO PURCHASE AGENCY COUPONS TOMMOROW FOR 10/2015 THROUGH 7/2032

[12:11] {dino} sm l .60

[12:11] {Threei}  not sure if this is what propped the market just now

[12:11] {Threei}  but something did

[12:12] {dino} ady out of the blue out .10, +.50

[12:12] {dino} opps only partial

[12:12] {nemo} that made a shooting star dino

[12:13] {dino} made my lunch

[12:13] {dino} a bit volitile

[12:21] {Threei}  JPM...

[12:21] {Threei}  33 break is interesting for long

[12:21] {nemo} I thought no breakouts during lunch?

[12:22] {fernp} DRYS breaking hod

[12:22] {Threei}  this one is different

[12:22] {dino} lunchbreaks during lunch

[12:24] {dptl} why it's different?

06[12:24] * magoo slaps dptl around a bit with a large trout

[12:24] {nemo} don't ask questions dp

[12:25] {magoo} because it reported this morn..its a majpor player

[12:25] {dino} bkc stopped -.21

[12:25] {dptl} i see :)

[12:25] {dino} vivo stopped -.21

[12:26] {Threei}  magoo is right

[12:26] {Threei}  and it's invalidated anyway

[12:27] {magoo} magoo faints

[12:27] {dptl} lol

[12:27] {magoo} [12:27] {&Threei}  magoo is right

[12:27] {dino} watching "chuck" for pullback

[12:27] {nemo} Dino! check on mags

[12:27] {Threei}  okay, here comes my pullback

[12:27] {Threei}  hopefully

[12:27] {magoo} head hits keyboard buy button..in jpm

[12:27] {Threei}  lol

[12:27] {magoo} unconsciousas it tanks

[12:28] {dino} lol

[12:28] {Threei}  UBS FOLLOW UP: REPORTEDLY JOB CUTS AT UBS MAY INCLUDE 2,000 JOBS IN WEALTH MANAGEMENT UNIT

[12:29] {Threei}  less wealth to manage I'd guess

[12:29] {dino} roflol

[12:29] {larisa} lol

[12:29] {dino} apparently they mis-managed

[12:32] {dino} spir

[12:32] {dino} thin

[12:32] {nemo} that's an understatement

[12:34] {dino} can't borrow

[12:34] {nemo} steal

[12:35] {dino} so i'm reading in todays paper these electric cars obamination is pushing will cost $15k more than gas powered, thats a lot of gasoline to buy in trade off

[12:37] {Threei}  he has a plan dino

[12:38] {Threei}  raise the price of oil artificially and problem solved

[12:38] {nemo} cap&trade

[12:38] {dino} he has something, just not sure what

[12:39] {dino} and he forgets that this electricity must come from somewhere (coal, nat. gas, oil)

[12:39] {dino} be much cheaper to go to nat. gas

[12:42] {ese} like a bad "do" i'm back

[12:42] {Threei}  see... yo are trying to plasy the price card

[12:42] {Threei}  but it gets trumped every time by "we have to save the planet"

[12:42] {nemo} fas getting H&S?

[12:43] {_jfjf64} jpm??

[12:43] {Threei}  gosh... if that's H&S, it's so ugly I'd rather see that head being axed

[12:44] {nemo} back to the axe again

[12:44] {nemo} it just turne up

[12:44] {magoo} JPM

[12:44] {magoo} blasts 

[12:44] {Threei}  JPM broke fastre than I could type

[12:45] {nemo} wfc broke too

[12:45] {magoo} iu caufght .08

[12:45] {Threei}  get out

[12:45] {Threei}  too vertical

[12:46] {magoo} out .25 

[12:46] {magoo} ty

[12:49] {dino} snda back to old tricks

[12:50] {nemo} RIMM new highs

[12:51] {dino} bkc wants retest yesterday lows

[12:51] {Threei}  IRAQI OIL MIN: OPEC EXPECTS PRICES TO CONTINUE RISING OVER NEXT SEVERAL MONTHS

[12:52] {Threei}  they rehired old information minister?

[12:52] {dino} wynn

[12:53] {dptl} vmc

[12:55] {dino} schw l .35

[12:55] {Threei}  mags

[12:55] {Threei}  do we get re[eat of eod rally today?

[12:55] {magoo} i felt it was strong all day vad, BUT

[12:55] {nemo} looks like it's started already

[12:56] {magoo} last 30 minutes is tough call

[12:56] {dino} spikes everywhere, plce

[12:56] {ese} Lfitb .39

[12:56] {magoo} oh wait, yes with goog powering up and reporting..yes..UP IT IS

[12:57] {dino} where do those stairs go magoo?

[12:58] {magoo} UP

[13:00] {dino} lorl

[13:00] {dino} thin

[13:01] {Threei}  GE

[13:01] {Threei}  .10 break is probably wortj a try

[13:01] {nemo} jbe

[13:03] {Threei}  1:1 for scalpers

[13:06] {_jfjf64} too late for me    anyone able to get

[13:06] {nemo} no

[13:07] {dino} bkc l .50 stop lod

[13:07] {ese} going blind....am actually long FITB .38

[13:12] {ese} am really this consolidation at .38 with fitb

[13:12] {ese} really liking

[13:15] {dino}  tell us how you really feel

[13:17] {ese} welllllllll........it all started in a backwoods shack blah blah blah

[13:18] {dino} :)

[13:19] {Threei}  1 month since quitting smoking today

[13:19] {magoo} any cheating

[13:19] {Threei}  nope

[13:19] {magoo} congrats

[13:19] {Threei}  nicotine inhaler

[13:19] {Threei}  no single cigarette

[13:19] {Threei}  and no craving

[13:20] {ese} this is great.....we would love to have you around for along time to come......personally i mean.....can't speak for anyone else on the board

[13:20] {Threei}  that makes you rather an exception ese

[13:20] {Threei}  I appreciate that though :)

[13:21] {dino} wtg

[13:22] {dino} shld strong

[13:22] {dino} spikes

[13:22] {magoo} u didnt give up bacon did u

[13:23] {Threei}  you know I am dead if I do that

[13:23] {magoo} 400 magnet now on goog

[13:24] {Threei}  if FITB takes that .40 with finnies, you should get nice scalp out of it ese

[13:25] {_robert} fitb

[13:25] {_robert} sorry mistake

[13:25] {Threei}  we all do it robert

[13:26] {Threei}  typing symbol in the room instead of quotes and wondering why quotes won't come up

[13:26] {ese} definately........

[13:27] {Threei}  amazingly enough, BRCD moved on that news with IBM

[13:27] {Threei}  been a while since this kind of news moved small stocks

[13:28] {Threei}  or maybe just moved with market

[13:32] {dino} ady stop to .95

[13:33] {dino} stopped ady remainder .90, +.30

[13:36] {dino} cetv blood

[13:36] {vinod} good afternoon

[13:37] {Threei}  vinod :)

[13:45] {ese} ummmm yaaaaaaa ahhhhhhhh........yawn

[13:45] {Threei}  I second that

[13:46] {_jfjf64} 3rd that

[13:46] {ese} still hangin in there with fitb

[13:46] {ese} it stayed put while the market retraced......a berry berry good sign

[13:48] {Threei}  true... but need market/fin sector to come alive and start kicking those buttocks again

[13:52] {ese} indeed

[13:53] {ese} auch du miya......how dare patience step away from the board....well i never......

[13:53] {Threei}  okay... this is likely to be a turn

[13:53] {ese} for the beter I hope

[13:54] {Threei}  WFC

[13:54] {Threei}  pullback closer to .15

[13:54] {Threei}  with stop under .10

[13:54] {Threei}  first strength from here

[13:55] {Threei}  hmm... no strength

[13:55] {Threei}  let's let it stabilize

[13:56] {Threei}  and hopefully establish new range

[13:56] {Threei}  yeah right

[13:56] {Threei}  just up and down, without anchoras

[13:56] {_jfjf64} lol

[13:57] {Threei}  didn't want to buy .12 - .13

[13:57] {Threei}  chance to get just a few cents before new leg down was too big

[13:57] {dino}   cetv hl l .92 stop .64

[13:57] {patience} i is back ese

[13:59] {nemo} RIMM just keeps going

[14:00] {Threei}  I don't like you, WFC

[14:04] {ese} ahhhhhh haaaaaaa!     the board just cannot function properly without you

[14:05] {patience} working on my income tax, very depressing

[14:05] {Threei}  just send CRA a tea bag

[14:05] {Threei}  I did

[14:06] {nemo} finnies doing the stealth creep

[14:06] {Threei}  anonymously too

[14:06] {nemo} GE heading for hod

[14:06] {ese} we just get someone to do it

[14:07] {ese} I'll bet i couldn't do my income tax properly anymore

[14:07] {patience} i do my income tax before the accountant gets everything...i invariably find something he doesn't consider applicable but i do

[14:07] {ese} your much better ati it than I am for sure

[14:08] {Threei}  JPM

[14:08] {patience} i am motivated

[14:08] {Threei}  this pullback into 33 must be buyable

[14:09] {Threei}  will this one give a range?

[14:09] {Threei}  tired of vagueness today

[14:09] {Threei}  too many situations where I am unable to give exact entry and estop

[14:10] {Threei} Long Setup:  JPM  .15 half lot

[14:11] {dptl} in

[14:11] {magoo} in 

[14:12] {dptl} stop just under 33? right

[14:12] {Threei}  that was question and self-answer I understand

[14:13] {dptl} :) yep ..

[14:13] {Threei}  I like you

[14:13] {Threei}  you make my work easy

[14:13] {Threei}  I can just nod

[14:13] {Threei}  or continue sleeping

[14:13] {Threei}  1:1 is coming

[14:13] {Threei}  make up your mind

[14:13] {Threei}  here we go

[14:14] {dptl} out 1:1 at .30 ty......welcome..lol

[14:14] {Threei}  {nod}

[14:14] {magoo} out there .35

[14:14] {_jfjf64} out.27  1:1 ty

[14:15] {Threei}  welcome you two - now go learn from dp, will ya?

[14:15] {Threei}  he is on self-serve

[14:15] {Threei}  says ty, says welcome

[14:15] {Threei}  I can just nod

[14:16] {_robert} out .32 ty

[14:16] {Threei}  {-- crying

[14:16] {Threei}  welcomew

[14:16] {dptl} lol

[14:16] {Threei}  :)

[14:16] {Threei}  at least some fun, lol

[14:16] {_jfjf64} see  ya  gv  price to get in    lol

[14:17] {Threei}  wanted it closer to 33...

[14:17] {Threei}  but it etsbalished range to break a bit higher

[14:18] {Threei}  so I had to cut it half lot to accomodate wider stop

[14:18] {ese} out fitb .46 +.08 on lottsa shs...see ya tomorow

[14:19] {Threei}  good job ese, take care

[14:19] {Threei}  love those 10-20K shares plays of his

[14:21] {Threei}  ok... does that relentless march up start?

[14:22] {Threei}  'cause if it is, I want in

[14:23] {dino} cetv stop to .89

[14:24] {Threei} Long Setup:  WFC  .55 if stays above .45

[14:24] {Threei} Long Setup:  FAS  .01 if stays above .95

[14:25] {dptl} in fas

[14:25] {nemo} too fast

[14:25] {Threei}  modify WFC

[14:25] {Threei}  .52 long

[14:26] {nemo} re enter fas?

[14:26] {nemo} well gone again

[14:27] {Threei}  too fast

[14:27] {nemo} in wfc

[14:27] {dino} cetv to .16

[14:28] {dino} to .27

[14:28] {Threei}  come on finnies

[14:28] {Threei}  let's stage repeat of yesteday

[14:29] {dino} to .30

[14:29] {nemo} re enter fas

[14:29] {dino} to .35

[14:30] {dino} to .40

[14:30] {dino} out slipped .28 ugh!!!!!!!!!, +.36

[14:30] {Threei}  half out FAS

[14:30] {dptl} out fas .09 ty

[14:30] {dino} was afraid of that

[14:30] {larisa} nice dino, could not make myself, do not like bottoms that slow :)

[14:30] {dptl} in wfc

[14:30] {Threei}  half oput WFC

[14:31] {nemo} out ty

[14:31] {dptl} out wfc +.10 ty

[14:31] {Threei}  darn scalpers

[14:31] {dptl} whuuuuuu that was fast 

[14:31] {nemo} a lot of fear in market

[14:31] {dino} thx larisaaaaa

[14:32] {dino} both ways it feels like

[14:32] {dino} wall of worry?

[14:32] {nemo} go both ways dino

[14:32] {Threei}  uh oh

[14:32] {_jfjf64} ty

[14:32] {Threei}  welcome guys

[14:33] {dino} never

[14:33] {Threei}  I am trying to stay in in case this is repeat of that ruthless short squeeze

[14:33] {nemo} didn't think so, just stuck your chin out

[14:33] {dino} lol

[14:33] {Threei}  was irritatwed that I missed it yesterday

[14:34] {Threei}  here we go

[14:34] {Threei}  1/4 more out FAS

[14:34] {Threei}  .16

[14:34] {dino} schw to .47

[14:34] {Threei}  1/4 more out WFC .66

[14:34] {Threei}  last portions with b/e stop

[14:35] {dino} tear down that .50 wall schw (in my reagan voice)

[14:36] {dino} out schw .47, +.12

[14:38] {Threei}  life is good

[14:38] {magoo} wells goin for 20 vad

[14:38] {Threei}  out FAS

[14:38] {Threei}  .24

[14:38] {Threei}  WFC, can't decide yet

[14:38] {Threei}  could be a big runner if takes that 20

[14:39] {Threei}  also, I have now this additional benefit:

[14:39] {nemo} wfc or fas?

[14:39] {Threei}  if it doesn't, it will be magoo's fault

[14:39] {Threei}  he went out on a limb with {magoo} wells goin for 20 vad

[14:40] {Threei}  nemo... you see FAS going for 20 in near future?? :)

[14:40] {nemo} I thought you might have meant .20

[14:40] {Threei}  [14:38] {Threei} out FAS

[14:40] {Threei}  [14:38] {Threei} .24

[14:40] {Threei}  [14:38] {Threei} WFC, can't decide yet

[14:40] {Threei}  [14:38] {Threei} could be a big runner if takes that 20

[14:40] {nemo} and just missed the period considering your HORRENDOUS typing skills

[14:41] {Threei}  you know comeback is coming, right?

[14:41] {Threei}  here it is:

[14:41] {Threei}  considering everything I typed, I have to conclude your reading skills haven't exceeded my typing ones by much {GGG}

[14:41] {nemo} Waaaaa Waaaaa Waaaaa Waaaaaa Waaaaaaa....I'm devastated :(((

[14:42] {nemo} bounce of .60?

[14:43] {Threei}  not sure

[14:43] {nemo} it bounced slightly but doesn't look too healthy here

[14:44] {dino} titn?

[14:44] {dino} missed

[14:45] {Threei}  06:30am [TITN] Reports Q4 $0.18 v $0.21e, R $189.0M v $175.9Me

[14:45] {nemo} Titan machinery...midwest CAT dealer?

[14:48] {dino} pretty much

[14:49] {cosmo} plxs

[14:49] {cosmo} wall

[14:50] {Threei}  amazing how formerly boring day suddenly turns so much brighter

[14:50] {larisa} why suddenly? I told you..

[14:50] {Threei}  wait... did you mean todsay?

[14:51] {Threei}  I thought we were talking about end of the week?

[14:51] {dino} she's tough on you vad

[14:51] {magoo} vad views trading with the wonderment of a child lol

[14:51] {Threei}  lol, truwe

[14:51] {Threei}  it amazes me that money comes out of nowhere

[14:51] {magoo} crazy but i took 200 goog @ 391

[14:51] {dino} ohh mannn cetv

[14:52] {cosmo} it comes up from the 'zero' point

[14:52] {Threei}  wow WFC

[14:52] {cosmo} $

[14:52] {dino} well money is not "destroyed" simply changes hands

[14:52] {Threei}  held .50 to the cent

[14:52] {magoo} wanna see if they jam it into close

[14:52] {Threei}  and jumped

[14:52] {magoo} ive seen strippers destrofy $$

[14:53] {dino} no magoo, you lose it, they gain it

[14:54] {dino} i have witnessed that w/you

[14:55] {nemo} geez RIMM 45 angle up since yesterday

[14:56] {magoo} out goog 92.37

[14:56] {dino} bkc stop to .57

[14:56] {dino} toughie

[14:56] {magoo} plus good something

[14:56] {magoo} [14:52] {magoo} crazy but i took 200 goog @ 391

[14:56] {Threei}  lol mags, I am still laughing about that

[14:56] {Threei}  [14:51] {magoo} vad views trading with the wonderment of a child lol

[14:57] {magoo} :)

[14:57] {cosmo} gee, buyers...they're coming back into the water 

[14:58] {dino} that is funny

[14:58] {magoo} sure..frustrated at missing move..so chasing with emotions...ah, good times

[14:58] {cosmo} take me to the water....something like that...

[14:58] {Threei}  but don't make me drink?

[14:59] {cosmo} salt water? ...nah

[14:59] {Threei}  rofl

[15:00] {Threei}  making money and having all this fun - it must be illegal

[15:00] {cosmo} not yet

[15:00] {nemo} when Obama outlaws the market

[15:00] {dino} bkc stingy to .61

[15:01] {dino} out bkc 

[15:01] {dino} +.11

[15:02] {magoo} or at least outlawevil daytraders

[15:02] {dino} wmt to .65

[15:03] {dino} nice to see cramer hasn't lost it, his gld is only down 8 pts

[15:04] {nemo} light volume today

[15:06] {dino} above 5 day ave

[15:07] {nemo} ever look at finviz.com, dino?

[15:08] {dino} nope

[15:08] {nemo} take a look, they have running volume indicators for each market...of course, who's right?

[15:08] {dino} whoa

[15:09] {nemo} like that?

[15:09] {dino} ok, will add to fav

[15:09] {nemo} quotes are delayed, but they give you relative points

[15:09] {dino} thx

[15:10] {dino} schw not moving

[15:11] {dino} wmt to .75

[15:11] {dino} pits are panicing, way short

[15:14] {dino} out wmt +.20, dog!

[15:16] {dino} bkc approaches lod

[15:16] {Threei} Long Setup:  FAS  .33 if holding above .30

[15:16] {Threei}  ridiculously tight stop

[15:17] {Threei}  just must try for another leg up

[15:17] {nemo} didn't give it to me

[15:17] {Threei}  anyone got it?

[15:17] {dptl} in .34

[15:17] {dawg} got.34

[15:18] {Threei}  chance for a jump into .45 - .50 area is worth 5 cents risk I believe

[15:19] {dptl} out 1:1

[15:19] {Threei}  offering half .42

[15:19] {Threei}  too greedy?

[15:19] {dptl} ty....welcome :)

[15:19] {Threei}  WFC new high

[15:19] {Threei}  come on FAS

[15:20] {Threei}  out half .42

[15:20] {_jfjf64} ty

[15:20] {Threei}  welcome

[15:20] {dawg} all out .43 ty Vad great call

[15:21] {Threei}  offering second half .49

[15:21] {Threei}  WFC baby

[15:21] {dino} wow shld, 6 bucks

[15:23] {_jfjf64} any break of 20??

[15:24] {Threei}  out last WFC +.40

[15:25] {Threei}  gotta sit this out a little

[15:25] {dino} gj

[15:25] {_jfjf64} k

[15:25] {_jfjf64} head spinnin

[15:26] {dino} watching vivo, bkc again

[15:26] {magoo} WFC

[15:26] {dino} feeding frenzy

[15:37] {dino} thinking  to fool most, hard drop into close

[15:37] {nemo} that would make sense, but then, you think that

[15:38] {nemo} All cretins are liars and I am a cretin

[15:38] {Threei}  WSJ: FED MAY PROVIDE 5 YEAR LOANS TO COMMERCIAL MORTGAGE BACKED SECURITIES INVESTORS; BECOMING LESS ATTRACTIVE IN THE LATER YEARS

[15:38] {Threei}  GOOG

[15:38] {Threei}  YOUTUBE CLOSE TO ANNOUNCING CONTENT DEALS WITH SEVERAL MOVIE STUDIOS - WSJ

[15:39] {Threei}  20 break is ery tempting

[15:39] {Threei}  on WFC, before nemo asks

[15:39] {_jfjf64} k

[15:39] {Threei}  maybe smaller shares

[15:39] {Threei}  risk is enormous as well

[15:39] {dptl} stop .84?

[15:40] {dino} you may be right nemo

[15:40] {Threei}  yeah

[15:42] {nemo} This is going be crazy 

[15:43] {Threei}  going to be?

[15:43] {Threei}  where have you been last half year?

[15:43] {nemo} I'm talkin this 20 minutes

[15:44] {dino} i think i'll sit out rest of day

[15:45] {nemo} yeah you've got incoming and friendly fire overhead

[15:47] {dino} some good ideas today, thx

[15:47] {Threei}  oh boy

[15:47] {Threei}  just saw a line on tv

[15:47] {Threei}  Bo Obama

[15:48] {dino} will be watching wmy, bkc, schw, vivo, titn tomorrow, fwiw

[15:48] {dino} wmt i mean

[15:48] {Threei}  FWIW? no such symbol

[15:48] {nemo} omg

[15:48] {Threei}  OMG - no such symbol

[15:48] {nemo} FYVM

[15:49] {cosmo} but... thats been my bread and butter

[15:49] {nemo} scaaaaaary

[15:49] {nemo} You win so far Dino

[15:51] {dino} but i did not short it

[15:51] {dino} so in words only

[15:51] {nemo} o, as far as the hard down

[15:51] {nemo} well, relatively hard

[15:51] {nemo} oh...never mind

[15:54] {dino} it's (yo)bama

[15:55] {nemo} jobama

[15:55] {dino} jomamma

[15:55] {nemo} my mamma's dead

[15:55] {dino} opps

[15:56] {nemo} sob the market comes back a tad...I was going to say FAS hoppe back in the bollinger bands

[15:56] {nemo} hopped

[15:56] {nemo} So not hard down, hot hard up...figures

[15:57] {nemo} hot=not...your typing skills are rubbing off on me Vad

06[15:57] * nemo slaps nemo around a bit with a large Mavis Beacon Teaches Typing

[15:58] {patience} nemo, you need to get out more

[15:58] {dino} lol 

[15:59] {Threei}  okay guys

[15:59] {nemo} What movie?

[15:59] {Threei}  before you went any more crazy,

[15:59] {Threei}  thank you all,

[15:59] {Threei}  have a good evening

[15:59] {Threei}  see you tomotrrow

[15:59] {larisa} bye all

[15:59] {fernp} good evening

[15:59] {_jfjf64} ty

[16:00] {dptl} have a good evening all

[16:00] {nemo} P&Q

[16:01] {nemo} Playing GOOG Vad?

[16:01] {Threei}  nah

[16:01] {Threei}  watching, yes

[16:01] {magoo} YES OUT GOOG 397

[16:01] {magoo} SCARY

[16:01] {nemo} tht was my next question mags

[16:01] {magoo} in 390

[16:01] {magoo} 200

[16:01] {nemo} cool mags...good for you

[16:02] {magoo} now look

[16:02] {magoo} heart attack

[16:02] {nemo} yeah

[16:02] {magoo} dont try thbayt

[16:02] {magoo} thay

[16:02] {magoo} that

[16:02] {nemo} schizophrenia

[16:02] {magoo} shakin

[16:02] {nemo} bakin

[16:03] {magoo} 'if vad was here he give me an ass wringin

[16:03] {nemo} he is here

06[16:04] * magoo slaps Threei around a bit with a large trout

[16:05] {nemo} what was the report vad?

[16:06] {magoo} drys pop

[16:06] {Threei}  REPORTS Q1 $5.16 V $4.93E, R$4.07B. (EX-TAC) V $4.08BE

[16:06] {Threei}  - Q1 paid clicks +17% y/y, +3% q/q

[16:06] {Threei}  - Q1 international revenue $2.88B, 52% of total revenue vs 51% y/y

[16:06] {Threei}  - Q1 Google-owned web site ads revenues $3.7B, +9% y/y; -3% q/q; 67% of total revenues{

[16:07] {Threei}  DRYS

[16:07] {Threei}  ANNOUNCES COMPLETION OF THE "ATM" EQUITY OFFERING

[16:07] {Threei}  - The company announced today the completion of the ATM Equity Offering(SM) in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009.

[16:10] {dino} great day, thx all for ideas, gotta hop