RealityTrader Trading Log

Friday, May 29, 2009

May 29 2009

Short day as I take off for the weekend in Seattle. Got two nice winners though: long DRYS for 20 cents and long ARRS for 40.

Session Time: Fri May 29 00:00:00 2009

[08:01] {Threei}  IMF's Strauss-Kahn: Governments need to begin considering cutting debt loads
[08:01] {Threei}  - Current expectations for a recovery in 2010 are based on the expectation of no further banking sector declines
[08:01] {Threei}  ***Reminder Back on Apr 22nd: IMF forecasted the global economy contracting 1.9% in 2010 versus prior view of growth of 3%
[08:30] {Threei}  *Q1 PRELIMINARY GDP PRICE INDEX: 2.8% V 2.9%E; CORE PCE Q/Q: 1.5% V 1.5%E
[08:30] {Threei}  *Q1 PRELIMINARY GDP ANNUALIZED: -5.7% V -5.5%E; PERSONAL CONSUMPTION: 1.5% V 2.0%E
[08:31] {pita} greetings
[08:31] {Threei}  pita :)
[08:31] {nemo} :)
[08:35] {fernp} good morning everybody
[08:35] {nemo} flora :)
[08:36] {Threei}  fern :)
[08:36] {fernp} flora?
[08:37] {nemo} sorry generalization...definitely don't fall under fauna with a handle like "fern"
[08:42] {patience} good morning guys, another beautiful day in paradise here
[08:43] {Threei}  patience :)
[08:45] {vinod} good morning and its friday....liquid lunch time!!!!!!!!!
[08:45] {Threei}  vinod :)
[08:45] {nemo} I 2nd the motion Vinod, but I'm starting at brunch
[08:46] {vinod} as we called it here  smoke  drink and shoot--nemo
[08:47] {nemo} Shoot what vindod?
[08:47] {vinod} what drug edict shoot?
[08:47] {vinod} inject
[08:48] {nemo} oh, thought you were talking about going to the range
[08:50] {ese} good morning
[08:51] {Threei}  ese :)
[08:51] {nemo} ese
[08:54] {ese} dell beats by .01
[09:01] {Threei}  STSI
[09:08] {chinggis} goodmorning
[09:08] {Threei}  chinggis :)
[09:09] {dino} gm all, got lucky on esi es, took 300 at close, just dumped +4.30
[09:10] {Threei}  dino :)
[09:10] {dino} brb
[09:12] {ese} nice dino....lookin like it's bouncing a bit
[09:15] {Threei}  Prez Obama to create position of "cyber czar"
[09:16] {dino} got lucky,
[09:17] {Threei}  seems to be universal approach - create new level of bureaucracy
[09:21] {vinod} Blame Russian for giving everyone a "czar"
[09:21] {dino} feels like old time russia, all these czar's. obama has forgotton czar is unamerican
[09:21] {nemo} actually it's the Romans
[09:22] {jfjf64} mornin
[09:22] {nemo} Czar-Caesar=Kaiser
[09:22] {ese} dell taking off
[09:23] {dptl} good morning all
[09:23] {Threei}  jf, dp :)
[09:23] {ese} dp jf
[09:24] {dino} nemo is like my wife, correcting me
[09:24] {jfjf64} had problems  gettin on  ya  server  yest afternoon     anybody else????
[09:25] {Threei}  half of the room jf
[09:25] {Threei}  another half was ok
[09:25] {Threei}  shrug
[09:25] {Threei}  mysteries of cyberspace
[09:25] {Threei}  but fear not, czar will make it all better
[09:25] {jfjf64} k ty
[09:25] {dino} jf, i was kicked out around 2:00, was posdting away, magoo said why are you not posting
[09:26] {jfjf64} same  here
[09:26] {ese} ahhhhh that explains why i was just chatting with myself
[09:26] {jfjf64} was  lost  with out  the czar  
[09:26] {jfjf64} lol
[09:26] {cosmo}  czarry 
[09:26] {dino} lol
[09:27] {ese} not that i minded it.......but
[09:27] {nemo} If you were a WOP like me Dino, you'd know these things
[09:27] {dino} running behind, new tenant moving in downstairs
[09:28] {ese} am thinking lng dell vad any advice
[09:28] {ese} long
[09:28] {Threei}  DRYS looks interesting
[09:29] {ese} yes very....still have my 5k position just above 7.00
[09:29] {Threei}  nice
[09:29] {Threei}  well, I believe we are to have a strong day... so DELL should be one of movers, just want a pullback first
[09:29] {Threei}  hate chasing these slow stocks
[09:29] {dino} axys -5
[09:30] {dino} opps bad print
[09:30] {Threei} Long Setup:  DRYS  .45 break
[09:31] {nemo} partial
[09:32] {Threei} Long Setup:  ARRS  12 if stays above 11.90
[09:32] {Threei}  DRYS 1:1, half out
[09:32] {Threei}  scalpers take profit
[09:33] {ese} out drys .55 + .53
[09:33] {dino} gj
[09:33] {ese} tks
[09:34] {pita} out drys ty
[09:35] {Threei}  watching for possible re-enttry
[09:36] {Threei}  got away
[09:38] {Threei}  ARRS, half out
[09:38] {Threei}  scalpers have 1:1
[09:38] {Threei}  I will try to milk this one
[09:38] {Threei}  feels to me worth more than scalp
[09:39] {ese} .77 high for drys 2 weeks ago.......might try long there again...if it goes past that who knows
[09:42] {jfjf64} ty ty  drys  arrs
[09:42] {Threei}  welcome
[09:43] {Threei}  1:2 was easy
[09:43] {Threei}  keeping sto for the last portion right under 12 for now
[09:43] {nemo} drys pullback vad?
[09:44] {Threei}  between .50 and .60 I would feel more secure
[09:44] {nemo} near support?
[09:44] {Threei}  but it moves with market without much delay now
[09:44] {ese} just a bizzare pullback in the qqqq's
[09:45] {ese} violent almost
[09:45] {ese} screens instantly red
[09:46] {dino} pretty good pullback
[09:46] {vinod} got FAz 5.00
[09:46] {Threei}  **sub-indices:
[09:46] {Threei}  - Prices Paid: 29.8 v 28.4 last
[09:46] {Threei}  - New Orders: 37.3...more... (related SPY EUR/USD )
[09:46] {dino} alomost 80 pts fast
[09:46] {ese} that explains it.....
[09:46] {nemo} I gotta' get a seat belt for my desk chair
[09:46] {Threei}  Preview: May Final University of Michigan Confidence due out at 9:55amET
[09:46] {Threei}  **consensus expectation: 68.0e v 67.9 preliminary (estimates range between 67 to 71)
[09:46] {nemo} valium prescription too
[09:47] {ese} if thats the money is the market will chase that figure
[09:48] {dino} lukoy smackdown
[09:48] {dino} esl, tcl
[09:49] {ese} drys feels like it's going to have one of it's 1.50 to 2.00 days
[09:51] {dino} tcl maybe gap fill from election
[09:51] {ese}  l drys .65
[09:53] {ese} out drys .74
[09:53] {nemo} how many buggers?
[09:53] {ese} +.09 on alot of shs
[09:53] {ese} 8k
[09:53] {nemo} S***load
[09:53] {jfjf64} nice  nice  ese
[09:53] {nemo} rimm shot please!
[09:54] {nemo} rim
[09:54] {dino} beauty es
[09:54] {ese} tks
[09:54] {nemo} what was your stop ese .55?
[09:54] {ese} can now buy them cobra golf clubs
[09:55] {ese} .60 not room for error
[09:55] {ese} no room
[09:55] {ese} too many shs to risk more
[09:56] {dino} enjoy them
[09:56] {nemo} support was around .65 though
[09:56] {nemo} .55
[09:57] {ese} nope .60 for me thanks
[09:57] {ese} thats $400.00 bills plus commission
[09:58] {ese} even thats too much
[09:58] {nemo} .09 x 8k = 720
[09:58] {ese} yes
[09:59] {ese} stop loss was .60
[09:59] {nemo} tough in under a minute...really had to slave for that...hate to see you suffer so :(
[09:59] {ese} it's a tough job but vads trained me well
[10:00] {ese} probably too many shs though
[10:00] {dino} ment
[10:01] {ese} his scalping video was very helpful.......
[10:03] {ese} never ever considered over 1k until seeing that video........manage the risk and things will work out....will have the odd failure but overall positive
[10:05] {ese} what are you thinking with MENT dino
[10:06] {dino} l around 5
[10:07] {dino} esl interesting as well as tcl around 18.80 gap
[10:07] {dino} perhaps i am too low tho, mkt not helping
[10:08] {dino} watching pru too, good range 38-40s-40.20s last few days
[10:09] {Threei}  ARRS stop to to under .10
[10:10] {dino} cetv drop
[10:10] {jfjf64} thougtt ya were  gone for seattle
[10:10] {ese} tcl   scarry looking to me....thin
[10:10] {Threei}  in 2 hours jf
[10:11] {jfjf64} its okay big guy   2 great  trades
[10:11] {Threei}  ummm... I can go now?? :)
[10:12] {Threei}  DRYS is trying to form C&H
[10:12] {jfjf64} 100 percent
[10:12] {ese} yes
[10:12] {Threei}  ARRS 1:3
[10:12] {dino} tcl manage thru size
[10:12] {ese} i'm likin long drys again if it does that
[10:13] {ese} there goes MENT
[10:14] {Threei}  last trailing on ARRS, to under .15
[10:14] {Threei}  no more trails, will look to sell it on the next leg of the move, probably .40 - .50
[10:19] {nemo} got the consumer confidence survey Vad?  talk about rose colored glasses...sheesh
[10:19] {ese} bstop L drys .85
[10:19] {nemo} stop ese?
[10:19] {Threei}  out ARRS last portion +.41
[10:20] {ese} if in.....just under .75
[10:24] {ese} max positon nemo will be 2k......i like to reduce positions as the day goes along unless there is something i'm really confident about
[10:24] {dino} sm l cetv .75
[10:25] {Threei}  that's a very sensible approach ese
[10:25] {Threei}  plus, risk increases as stock advances
[10:25] {ese} tks
[10:26] {dino} same here es, protect hard won profits
[10:27] {ese}'ve been to Seatle before haven't you?
[10:27] {Threei}  only passing through
[10:27] {Threei}  haven't had a chance to explore
[10:28] {ese} lots of neat things under the city......if i lived in the US it would be New York or Seatle
[10:29] {nemo} Seattle is probably friendlier than NY
[10:29] {ese} would buy a house next to Bill Gates of course
[10:29] {nemo} East Coast is tough
[10:29] {dino} cetv stopped whoosh -.33 at ,.42
[10:29] {jfjf64} for get bout it  new york the best
[10:29] {ese} I really like New York......very international city.....i like all the cultures there...very diverse musically
[10:29] {dino} what the hewck, right back to entry
[10:30] {nemo} rinse, repeat
[10:30] {dino} ]that sucked
[10:30] {pita} have a good trip Vad, good wknd all.  CU Monday
[10:30] {Threei}  thank you pita, havce a gbreat weedkend
[10:30] {Threei}  only with better typing
[10:30] {jfjf64} later pita
[10:31] {ese} see ya pita
[10:32] {ese} need all them funds to start buying in end of month for drys to take off again
[10:32] {dino} cya pita
[10:36] {dino} sm l esl .74
[10:37] {ese} I also have a friend whos been in the US military field band at West Point for the last 26 years....have visited here a few times
[10:37] {Threei}  now that GM goes under 1, I still have the same question
[10:37] {ese} Her.......shes the first feamle to make the band in the history of the west point band
[10:38] {Threei}  why was it trading all this week and why is it trading still?
[10:39] {ese} THAT!!!!!   is a good question
[10:40] {Threei}  this is beyond werid
[10:41] {Threei}  bankruptcy is certain, common will be whiped
[10:41] {Threei}  why is it not halted?
[10:41] {nemo} taxpayer picks up the tab
[10:44] {ese} have removed bstop from drys......breaking .75 invalidates it for me
[10:45] {magoo} ghytgytj
[10:45] {dino} qsii blood
[10:45] {nemo} gaeden mayall lekterolo
[10:45] {Threei}  ugh mags
[10:45] {Threei}  missed good ones
[10:46] {magoo} i know, was supposed to take son to mx track this morn, got canx due to rain, so here i am
[10:46] {Threei}  on supreme court nominee:
[10:46] {Threei}  Pollster Scott Rasmussen reports that 45 percent of Americans believe that legal background and competence are the most important qualities for a nominee, while only 27 percent believe that diversity is the most important.
[10:46] {nemo} frickin' scary
[10:46] {Threei}  ok, but amazes me that there is such a hgih percentage of idiots... 27
[10:47] {nemo} you're surprised!?
[10:47] {nemo} I'm surprised it's that low
[10:47] {Threei}  yeah... shocks me that I am still surprised by that
06[10:47] * nemo slaps Threei around a bit with a large dose of reality
[10:47] {dino} thought justice was supposed to be blind
[10:48] {nemo} thus the blindfold on the statue
[10:48] {Threei}  funny thing is... in USSR, especially in early years, the most important thing defining person's standing was "proletarian origin"
[10:49] {Threei}  one had to have parents from working class in order to be a "valuable member of society"
[10:49] {ese} hmmmmmm
[10:49] {Threei}  hearing all this drivel now about how great it is that she is from working class... can help but wonder
[10:49] {nemo} here's another great headline: ttp://
[10:51] {ese} ment dino....lost track of it.......nice move
[10:52] {Threei}  keeping an eye on MS
[10:53] {jfjf64} seems lots of strength   
[10:53] {Threei}  and look at daily
[10:54] {ese} should go vad if market helps it
[10:54] {Threei}  .25 is a "traditional" long trigger
[10:54] {Threei}  with all kinds of aggressive ones between .10 and .25
[10:55] {magoo} in .20
[10:56] {ese} dndn making noises
[10:57] {dino} tcl sm l .31
[10:59] {jfjf64} comon  fas
[10:59] {dino} esl to flat stuck in mud
[11:00] {magoo} frwakin obama coming up
[11:00] {dino} esl stopped +.02
[11:03] {magoo} out no go
[11:08] {fernp} stopped MS
[11:08] {nemo} this could have an interesting effect on MONDAY:
[11:17] {jfjf64} wow  lk  at arrs
[11:17] {jfjf64} great  x
[11:18] {Threei}  really
[11:18] {Threei}  thanks for pointing that out
[11:22] {jfjf64} ms break 30
[11:25] {Threei}  yup
[11:29] {jfjf64} no mkt help
[11:30] {nemo} yeah but holding range 
[11:30] {jfjf64} yup
[11:35] {nemo} sneaky
[11:38] {jfjf64} no  vol
[11:38] {nemo} traders musta' hit the stripjoints already
[11:38] {ese} vad gone yet?    we can go crazy then eh.........making bad calls .....mischief in general
[11:40] {vinod} I wants it to go down big today
[11:40] {nemo} gollum's here?
[11:40] {dino} sm l pru .80
[11:41] {Threei}  ummm
[11:41] {nemo} janitor woke up
[11:41] {Threei}  try to stay in line for just 1 hour more ese
[11:42] {dino} qsii sm l .09
[11:42] {ese} oppsss busted!!
[11:43] {nemo} hands on the dashboard...assume the position
[11:43] {Threei}  yes, nemo, and woke me up
[11:43] {vinod} 09:46 vinod got FAz 5.00 --damm it is not moving
[11:44] {nemo} don't fight the FED vinod
[11:44] {Threei}  PIMCO's McCulley: Fed will probably be on hold for a few years - TV interview
[11:44] {dino} few years roflol
[11:45] {vinod} drive me crasy. it's not stop either-nemo
[11:45] {nemo} ms not reeacting to qs or spy
[11:48] {nemo} ms invalimudated
[11:48] {nemo} ?
[11:49] {Threei}  yeah
[12:00] {vinod} any news on CTIC?
[12:01] {Threei}  nothing fresh
[12:01] {chinggis} Vad any read on FLEX?
[12:01] {dino} 6:16, form sc to-i/a ctic
[12:02] {dino} tender offer
[12:02] {nemo} sciatic problems?
[12:02] {Threei}  on intraday, no chinggis, too narrow... daily though is indicating possible swing trade as a breakout
[12:02] {chinggis} ok TY
[12:03] {Threei}  3.80 resistance to break
[12:03] {chinggis} ok
[12:04] {jfjf64} ms
[12:04] {Threei}  KONG
[12:05] {Threei}  attacking 52 week high
[12:05] {Threei}  and yesterday's high
[12:06] {dino} lol nemo
[12:06] {nemo} I can turn anything into manure
[12:13] {nemo} is Vad asleep?
[12:14] {Threei}  aint I always?
[12:14] {dino} no, he's just talking to obamination about becoming a canadian czar
[12:15] {nemo} Hail lord Vader
[12:15] {Threei}  lol
[12:16] {Threei}  we have a descendant of russian royalty trying to become a prime minister
[12:18] {dino} ctrp
[12:19] {nemo} did they announce earnings?
[12:21] {dino} couple days ago
[12:22] {Threei}  anyone liked KONG enough to try?
[12:24] {jfjf64} good day all     see ya  monday    vad   enjoy   seattle
[12:24] {Threei}  thank you jf, have a good one
[12:25] {dino} cya jf
[12:25] {Threei}  if you read in the weekend papers about someone throwing things from the Space Needle... you know what happened
[12:32] {Threei}  nice KONG move... second day in a row
[12:32] {dino} qsii stopped
[12:34] {dino} sm s ctrp .15
[12:35] {Threei}  okay guys, good finish for the week
[12:35] {nemo} Have a nice weekend Vad
[12:35] {Threei}  I'll bid you good bye,
[12:35] {Threei}  have a great relaxing weekend
[12:35] {magoo} take care vad
[12:35] {Threei}  off for my trip
[12:36] {dino} have fun vad
[12:36] {chinggis} take care vad
[12:36] {fernp} enjoy Vad
[12:37] {ese} take care vad

Thursday, May 28, 2009

May 28 2009

Very slow day but all the trades that it offered were profitable. Some developed fast, like EXEL and VNDA in the morning, some took their sweet time like  KONG, but all worked.                                                                                           
[08:05] {Threei}  EXEL Signs global license agreement for XL147 & XL765 and launch broad collaboration for discovery of PI3K Inhibitors with Sanofi-Aventis
[08:05] {Threei}  - Announced a global license agreement for XL147 and XL765 and a broad collaboration for the discove...more... (related SNY )
[08:24] {pita} gm all
[08:25] {nemo} pita
[08:25] {nemo} pita pan
[08:25] {Threei}  pita, nemo :)
[08:25] {nemo} pita is a type of bread
[08:25] {nemo} pan another word for bread
[08:25] {nemo} I need a lobotomy
[08:25] {pita} No, you're a grin
[08:26] {nemo} ty
[08:26] {pita} :)
06[08:27] * Threei sends nemo 200g of half-baked sense of humor
[08:27] {nemo} ahhhh....unleavened bread
[08:28] {pita} pita = pain in the ass
[08:28] {nemo} interesting
[08:28] {pita} call the janitor
[08:28] {pita} sorry
[08:29] {pita} potty mouth
[08:29] {nemo} actually, I'll find that acronym quite useful
[08:29] {Threei}  {janitor} waking up... frowning... looking at the floor with grim face expression... falling back asleep
[08:29] {nemo} must be union
[08:29] {Threei}  yeah
[08:30] {pita} ok, done
[08:30] {Threei}  *INITIAL JOBLESS CLAIMS: 623K V 628KE; CONTINUING CLAIMS: 6.788M V 6.745ME
[08:30] {Threei}  - Prior jobless claims revised from 631K to K
[08:30] {Threei}  - Prior Continuing Claims revised from 6.62M to ...more... (related SPY SHY EUR/USD USO IYM )
[08:30] {Threei}  *APR DURABLE GOODS ORDERS: 1.9% V 0.5%E; DURABLES EX-TRANSPORTATION: 0.8% V -0.3%E
[08:30] {Threei}  - Prior Durables revised from -0.8% to -2.1%
[08:30] {Threei}  - Prior Durables Ex Transportation revised from...more... (related EUR/USD SPY TLT SHY USO )
[08:35] {vinod} GM to all
[08:35] {Threei}  vinod :)
[08:35] {Threei}  EXEL... next VNDA/MAPP}
[08:40] {nemo} vino :)
[08:48] {Threei}  6
[08:49] {nemo} 6 what}
[08:50] {Threei}  ummm... dollars}
[08:51] {larisa} good morning :)
[08:51] {pita} are you playing this pre mkt}
[08:51] {Threei}  larisa :)
[08:51] {Threei}  scalped couple times...
[08:54] {fernp} good morning everybody
[08:54] {Threei}  fern :)
[08:57] {fernp} Vad, have you paid the bill to your ISP} :)
[08:58] {Threei}  ugh
[08:58] {Threei}  I did but someone else obviously didn't
[08:58] {Threei}  whole area went off liune for a few hours
[08:59] {pita} pullback area EXEL}
[09:00] {cosmo} 5.50}
[09:01] {Threei}  momo runner... no way to tell really, especially premarket
[09:07] {Threei}  BAC UPDATE: WSJ reports that Fed has quietly been informing banks that they will have to rely less on future earnings when determining capital raising plans (10.91, 0.00, 0.00%) (related WFC PNC )
[09:08] {ese} good morning
[09:08] {Threei}  ese :)
[09:09] {ese} hey vad....the morning report in trade the news is a good read to kind of bring you up to speed
[09:10] {Threei}  yup
[09:13] {ese} you had suggested this a while back but i had never really looked at it.....tks now though
[09:13] {chinggis} goodmorning
[09:13] {Threei}  chinggis :)
[09:14] {ese} shingis
[09:14] {ese} whoops ch
[09:14] {ese} typing keyboards should have been made bigger
[09:20] {ese} rimm price target 95 by cannacord.....dangerous stock....only mags has the nerve
[09:24] {magoo} morning
[09:24] {ese} mags
[09:24] {ese} am touting your trading prowess
[09:25] {Threei}  magoo :)
[09:25] {nemo} magus :)
[09:26] {dptl} good morning
[09:26] {jfjf64} mornin
[09:26] {Threei}  dp, jf :)
[09:28] {ese} dp jf
[09:30] {jfjf64} find another brcm  vad   tk  rest  day  off     lol
[09:30] {Threei}  well
[09:30] {Threei}  EXEL, .70 break
[09:30] {Threei}  if stays above .60
[09:30] {Threei}  kind of obvious play
[09:31] {ese} missed it
[09:31] {nemo} me too
[09:31] {vinod} me too
[09:32] {ese} fast
[09:32] {Threei}  GM *CNBC: NEW OFFER FOR BONDHOLDERS HAS BEEN ACCEPTED (1.30, 0.15, 13.04%)
[09:32] {Threei}  GM sharp spike
[09:32] {Threei}  halted or what
[09:32] {Threei}  no trades
[09:33] {ese} hmmm  what iis that
[09:34] {ese} too many orders maybe....they halt trading until it can be sorted out on the NYSE don't they
[09:34] {Threei}  Iranian President: Have increased enrichment capacity
[09:34] {magoo} CAT bounce vad}
[09:35] {Threei}  EXEL over 1:1
[09:35] {Threei}  hafl out .84
[09:35] {ese} on the bright side FITB is's working it's way down to buying territory
[09:35] {chinggis} out .85 TY
[09:35] {Threei}  chinggis :)
[09:35] {Threei}  hmmm CAT
[09:36] {Threei}  I would prefer one more selloff on it mags
[09:36] {Threei}  so it would show double bottom
[09:36] {Threei}  or something else readable
[09:36] {magoo} any news on it}
06[09:37] * nemo slaps dino around a bit with a large alarm clock
[09:37] {dino} ty
[09:37] {nemo} np
[09:38] {Threei}  downgraded to sell at UBS among others in the sector
[09:39] {Threei}  EXEL 1:2
[09:39] {Threei}  1/4 more out
[09:41] {Threei}  keeping stop under .70 for the last portion
[09:42] {Threei}  want gambling call}
[09:42] {Threei}  VNDA
[09:42] {Threei}  right here
[09:42] {Threei}  stop under 14
[09:42] {magoo} in .29
[09:42] {Threei}  gambling target 15
[09:43] {Threei}  GM Formal press release: Statement on U.S. Treasury''s 363 Sale Proposal (1.30, 0.15, 13.04%)
[09:44] {magoo} news FSLR vads}
[09:45] {Threei}  no
[09:45] {Threei}  OCLS non-stop
[09:46] {vinod} vnda in 14.22
[09:47] {magoo} gambling call ocls..6 
[09:47] {magoo} in .37
[09:48] {Threei}  GM open
[09:50] {Threei}  can trail VNDA stop to under .15 if you wish
[09:50] {ese} what did OCLS invent anyway
[09:51] {Threei}  OCLS Receives FDA Clearance for Microcyn Skin and Wound Gel
[09:51] {Threei}  - OCLS has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market its ... (1.20, 0.00, 0.00%) more...
[09:51] {ese} tks vad
[09:52] {pita} exel bounce point}
[09:53] {Threei}  doesn't look encouraging
[09:53] {magoo} housing # at 10
[09:53] {pita} k ty
[09:53] {Threei}  VNDA, spike over .50 for first partial
[09:53] {Threei}  here we go
[09:54] {Threei}  offer 1/4 more at .80
[09:54] {vinod} 0ut all 14.60
[09:55] {Threei}  and 1/4 at .95
[09:55] {vinod} see you after 13.30
[09:55] {pita} out too early vnda too
[09:55] {Threei}  take care vinod
[09:55] {pita} but ty 
[09:55] {Threei}  welcome
[09:55] {nemo} don't worry pita, when he said "gambling" I stood aside
[09:56] {pita} :)
[09:57] {magoo} laser DCC
[09:58] {magoo} LASER DCC
[10:00] {Threei}  *APRIL NEW HOME SALES: 352K V 360KE (% M/M)
[10:00] {Threei}  - Median sales price: $ v $201,400}} m/m (%); $ y/y (-% y/y) (lowest level since 2003).
[10:00] {Threei}  - New ...more... (related XHB TLT SPY )
[10:00] {Threei}  *Q1 MORTGAGE DELINQUENCIES: 9.12% V 7.88% PRIOR (Q4
[10:00] {Threei}  yikes
[10:04] {dino} sdxc, pnsn, nz
[10:06] {magoo} out ocls .74
[10:06] {magoo} TY vad
[10:06] {Threei}  wtg
[10:07] {dino} esi -4+ again 
[10:13] {ese} are you thinking double botom here somrwhere dino
[10:14] {magoo} vad, look at ocls high
[10:15] {Threei}  lol
[10:15] {nemo} gonna' have a bad shoulder to go along with that ankle
[10:15] {Threei}  1 cent, practically top-ticked it
[10:15] {nemo} call it Vad's Syndrome
[10:16] {dino} sdxc sm l .03
[10:17] {dino} es, on esi} thinking 88.60s
[10:17] {ese} tks
[10:18] {dino} about 2 weeks ago, did same move, then back to 103
[10:18] {nemo} stop on sdxc dino}
[10:18] {ese} ya am looking at that daily
[10:19] {dino} .73
[10:19] {ese} it's pretty much at support now but a couple of more bucks down wouldn't hurt it
[10:20] {dino} dlb sm l .75
[10:21] {dino} you may be right es
[10:23] {ese} i'd like to have a sm long position there me thinks.......Ed stocks are good alternative play these times of trouble re-educate 
[10:24] {dino} in china they just throw you in camps for re-ed
[10:26] {ese} perfect....they should do that to some of the kids i teach......
[10:26] {larisa} they also throw you from the bridge when you sitting too long thinking to commit a suicide :)
[10:27] {dino} very efficeint
[10:27] {larisa} right
[10:27] {ese} very
[10:27] {ese} dino...what clubs are you playing these topic
[10:28] {ese} went for a club fiting last night
[10:28] {dino} cobra ih's
[10:28] {dino} callaway driver
[10:29] {dino} 2 over after 5 last night, then blew up
[10:29] {ese} tks...had narowed it dn to titelist ap2's or cobra
[10:29] {dino} i've had 4 sets cobras over the years if you like a heavy club, they are good
[10:30] {ese} playing off 10 these days.....i want to come down and give you a game someday
[10:30] {ese} i do like heavy clubs....keeps it on plane better
[10:30] {dino} that would be fun es
[10:31] {ese} Mertle}
[10:31] {dino} thougyts on pnsn
[10:32] {nemo} Myrtle}
[10:32] {ese} nice tank....playing right into your hands
[10:32] {ese} yes.....Myrtle.....bad spelling
[10:32] {nemo} hangin' around Vad too long
[10:33] {nemo} around 9.43 dino
[10:35] {nemo} maybe 9.10  pnsn is haning in no man's land
[10:35] {nemo} hanging
[10:35] {ese} L FITB .52 
[10:36] {Threei}  done with VNDA, watching EXEL
[10:36] {Threei}  trying to determine whether we want to try it for bigger run
[10:37] {ese} out FITB .56 +.04 6 lots
[10:37] {Threei}  .80 support... if it defines long trigger by couple bumps onto resistance, will be more or less structured play
[10:37] {Threei}  .90 so far
[10:37] {Threei}  so....
[10:38] {Threei} Long Setup:  EXEL  .90 break if holding above .80
[10:38] {nemo} that didn't take long
[10:39] {Threei}  see if it re-establishes itself
[10:39] {Threei}  or go for the same break with les shares and stop under new support
[10:41] {magoo} rimm hit hard here
[10:41] {ese} sorry nemo were you referring to me way to play this game
[10:42] {nemo} no, exel to break support
[10:42] {dino} pnsn sm l .75
[10:42] {ese} ahhhh
[10:42] {nemo} what stop dino}
[10:43] {dino} .43
[10:43] {nemo} bottom of that tail on the hourly}
[10:43] {nemo} May 1st}
[10:44] {dino} too much thinking nemo, 1:1 = .33 cents i am a simple trader
[10:45] {Threei}  if you are into aggressive entries with their tradeoffs,
[10:45] {Threei}  .80 break
[10:45] {Threei}  woith stop under .75
[10:45] {Threei}  less chance of working
[10:45] {Threei}  smaller stop
[10:46] {dino} thoughts on ravn} -5 in 2 days
[10:46] {nemo} you say I think too much
[10:46] {Threei}  almost no trading on it dino...
[10:47] {Threei}  hate to see such low activity on stock that sells off that much
[10:47] {ese} whats that an indicator of normally vad.....
[10:47] {Threei}  lack of interest from buyers
[10:47] {ese} it's been manipulated}
[10:48] {Threei}  despite big drop
[10:48] {dino} ty
[10:48] {Threei}  1:1 for aggressive entry EXEL
[10:48] {Threei}  half out
[10:48] {Threei}  or scalp
[10:49] {Threei}  no one went for it}
[10:50] {Threei}  why am I still here... brilliant sunshine outside, no one takes my brilliant calls inside...
[10:51] {ese} L EBAY .73
[10:52] {ese} this has to be quick...gotta go teach in 20
[10:52] {Threei}  as a revenge, I firmly promise to leave you tomorrow earlier
[10:52] {nemo} it wasn't internet problems
[10:52] {Threei}  it was
[10:52] {jfjf64} i got  it  vadd   ty   
[10:52] {Threei}  but tomorrow it won't be
[10:52] {ese} nooooooooooo don't do it VAD!!!!!!!
[10:52] {nemo} yeah, my grandmother just died...for the 4th time
[10:53] {Threei}  aww jf
[10:53] {Threei}  say it ain't so
[10:53] {Threei}  you are just trying to keep me whole day tomorrow
[10:53] {jfjf64} out.89
[10:53] {nemo} what quote and chart server vad}
[10:53] {Threei}  13 - 2
[10:54] {Threei}  on serious note though, I'll be in half of the day tomorrow
[10:54] {nemo} which half
[10:54] {Threei}  with latest market tendency to lose activity after noon, I expect it to ve even more true on Friday,
[10:55] {Threei}  so if you don't mind, I'll go for a quick over the ewekend dash to Seattle
[10:55] {nemo} All those in favor say, "I"
[10:56] {nemo} eye
[10:56] {ese} have a great time down's a nice town......i like it
[10:56] {Threei}  ty
[10:56] {nemo} Mmmmmmmhhhhhh}
[10:56] {Threei}  and Victoria Clipper is a nice experience too, they say
[10:56] {ese} stop on EBAY is .60 by the way
[10:56] {nemo} All those opposed say, "No"
[10:56] {jfjf64} nice trout
[10:56] {jfjf64} lol
06[10:56] * Threei unholsters the trout
[10:56] {dino} tighten sdxc to .98 thing won't move
[10:56] {nemo} knew that was coming
[10:56] {nemo} total apathy amongst the quorum
[10:57] {nemo} Might as well leave now Vad
[10:57] {Threei}  lol
[10:57] {nemo} you can put the trout away
[10:57] {Threei}  ok, another question then
[10:57] {dino} you say something vad}
[10:57] {Threei}  anyone watched that show}}
[10:58] {nemo} the flower show}
[10:58] {Threei}  yes
[10:58] {nemo} yes
[10:58] {nemo} beautiful place
[11:00] {jfjf64} finnies  movin
[11:00] {Threei}  *DOE CRUDE: -5.4M V -700KE; GASOLINE: -537K V -1.5ME; DISTILLATE: +250K V +1ME
[11:05] {Threei} Long Setup:  KONG  .15 half lot
[11:05] {dino} rallllllllllllllly
[11:05] {ese} out ebay .83   +.10   took my 2 lots....have to go teach see you all in an hour and a bit
[11:06] {Threei}  take care ese, good job
[11:06] {nemo} stop
[11:08] {dino} cya es
[11:10] {dino} pnsn stuck in puddle of mud, tighten to .59
[11:10] {dino} sdxc to .32
[11:14] {jfjf64} wfcpull bk   vad}}
[11:14] {dino} to .39
[11:14] {Threei}  not sure jf
[11:16] {Threei}  Gartner: Companies are not spending as much; IT budgets are down
[11:16] {dino} to .43
[11:16] {Threei}  no really}
[11:16] {Threei}  why wouldn't they
[11:16] {dino} out sdxc reverse slip .44, +.41
[11:18] {Threei}  Hearing BoA making positive comments on Drybulk Shipping
[11:18] {dino} dmnd
[11:21] {Threei}  GM To reportedly file for bankrupcty protection June 1 - unconfirmed report (7.81, 0.09, 1.17%)
[11:22] {dino} shocking
[11:22] {Threei}  one thing I can't understand
[11:22] {Threei}  why is it still trading}
[11:23] {Threei}  bankruptcy is certaine, common will be whiped
[11:23] {Threei}  what do I miss}
[11:23] {dino} palm
[11:25] {dino} dk 3i, dk
[11:33] {dino} esi double bottom maybe
[11:38] {dino} gold
[11:39] {wulff} RIMM is bouncing all over
[11:40] {dino} palm too
[11:41] {dino} dlb stuck stop to flat
[11:41] {dino} apol at lod
[11:49] {Threei}  yawn
[11:50] {dino} ditto
[11:52] {chinggis} Vad any read on CREE}
[11:52] {Threei}  not really... it's in the coma
[11:52] {chinggis} ok ty
[11:53] {pita} gotta go, cu all later
[11:53] {chinggis} sorry i made mistake ..stock symbol was FREE
[11:54] {Threei}  take care pita
[11:56] {Threei}  FREE reported nice earnings, but overall batlic dry index sector lakclustre performance weighs on it
[11:56] {Threei}  hard to tell... no life
[11:56] {chinggis} ok , 5 mint looks like about to break resist., ty
[11:58] {larisa} BRCM wants to flirt with 25 today I bet
[11:58] {Threei}  with any market help it should larisa
[11:59] {dino} nice way to say it larisa
[12:00] {larisa} trying to entertain myself :)
[12:07] {magoo} .
[12:07] {dino} dlb stopped flat
06[12:09] * Threei , with his characteristic childish curiosity, is asking KONG whether it's going to move this century
[12:13] {dino} kong simply replies, "no"
[12:27] {dino} .
[12:28] {Threei}  shhh dino
[12:28] {Threei}  KONG made an uptick
[12:28] {Threei}  don't scare it now
[12:28] {larisa} boo!
[12:28] {Threei}  awwww
[12:31] {dino} lol
[12:32] {nemo} is Larisa blonde}
[12:32] {Threei}  whew... larisa, so far you haven't killed it but just in case... don't do it again
[12:32] {Threei}  I mean 2 upticks in a row within 12 minutes}}
[12:32] {Threei}  gotta value this highly
[12:33] {Threei}  mama mia
[12:34] {Threei}  3rd uptick
[12:34] {Threei}  what's going on
[12:34] {larisa} nemo, please be respectful to blondes :)
[12:34] {dino} hubba hubba
[12:34] {nemo} just checking...maybe you can do the Fay Ray thing in front of Kong
[12:35] {larisa} no :) I am redhead, but all girls are sisters :)
[12:36] {larisa} i think
[12:36] {nemo} I know it
[12:36] {larisa} lol
[12:37] {dino} pnsn stopped .58 -.17
[12:38] {nemo} is the paint dry yet}
[12:39] {Threei}  no but grass sure is growing
[12:39] {nemo} yeah, it's pretty loud
[12:40] {chinggis} any read on DRYS Vad}
[12:41] {Threei}  7.20 begs to be bought
[12:41] {Threei}  it'sa just so slow all around
[12:41] {chinggis} ok TY
[12:41] {Threei}  I don't know how to handle this torture, lol
[12:41] {Threei}  but hey
[12:41] {Threei}  KON is up 0.5:1
[12:41] {Threei}  KONG
[12:42] {dino} sm l apol.50
[12:42] {chinggis} missed KONG
[12:42] {Threei}  umm
[12:42] {Threei}  chinggis...
[12:42] {Threei}  considwering the speed with wich it developed, I have no idea how you can miss it, lol
[12:42] {chinggis} i was looking other stocks and missed
[12:43] {ese} like a bad dream..........i'm back
[12:43] {nemo} more like syph
[12:43] {Threei}  you can fall asleep at the moment of the call, wake up in an hour and it still wouldn't be late to buy it
[12:44] {chinggis} lol
[12:45] {ese} hmmmmmm drys...2 day high
[12:46] {nemo} what was the stop on Kong}
[12:47] {Threei}  either 9 or 9.05... I like 9 more
[12:48] {Threei}  9.05 was valid chart wise but a bit too close for the comfort on a relatively thin stock
[12:48] {nemo} .6667:1
[12:48] {dino} immr
[12:49] {Threei}  1:1
[12:49] {Threei}  1 hour 45 minutes
[12:49] {Threei}  lol
[13:03] {dino} slow day
[13:06] {ese} I think were going to have about 3 or 4 up days...end/beginning of month type thing then down for a while maybe summer
[13:10] {dino} no idea here
[13:10] {ese} just trying to formulate my summer drinking plan......has to revolve around trading
[13:11] {dino} lol
[13:12] {dino} apol stop to .80
[13:13] {ese} Lemon Chello to start on down market days......tends to make down stocks really look down so that you can really go short.   wine coolers on up days ....not getting as loaded therefore able to asses risk much better and not go long too many shares......
[13:13] {magoo} LASER DCC
[13:13] {magoo} LASER DCC
[13:14] {magoo} oh, he left'
[13:14] {dino} wow you thought that out
[13:14] {Threei}  lol
[13:15] {dino} apol to .99
[13:15] {ese} definetly
[13:15] {ese} have of it will be in Vads back yard
[13:15] {ese} half
[13:16] {Threei}  what happened}
[13:16] {ese} will be lying comatose by the barbecue.......he will then be able to just drop food in my mouth
[13:16] {Threei}  lol
[13:20] {Threei}  server dump}
[13:20] {larisa} just you
[13:20] {Threei}  look at people dropping out like flies
[13:21] {magoo} dave having computer issues do u know}
[13:21] {magoo} he was yesterday
[13:21] {Threei}  I'd think so, he told me he should be OK on Monday
[13:22] {magoo} oh, and the room dump} u insult everyone } {}}
[13:37] {Threei}  well mags
[13:37] {Threei}  I have this book,
[13:37] {Threei}  The Ginat Book of Insults
[13:37] {nemo} who was Ginat}
[13:37] {Threei}  I really need to find pratcical application for it, don't I
[13:37] {Threei}  Giant
[14:03] {nemo} Mmmmhhhh...not many came back
[14:04] {Threei}  none actually
[14:05] {Threei}  i wonder if some routes are cut off
[14:10] {magoo} we in anything boss}
[14:10] {nemo} coma}
[14:12] {magoo} now im gong to p@ss him off
[14:12] {magoo} ...we missing alot of dough
[14:13] {larisa} RIMM is active, magoo, you do not need vad for that :)
[14:13] {nemo} dcc mags
[14:13] {Threei}  wth are we mising}}
[14:17] {Threei}  you know it's beyond slow when DVAX buyout rumors appear
[14:18] {larisa} $5 RIMM will take 80 and BRCM 25 today.. 
[14:18] {nemo} Geez, going out on a limb there Larry-BRCM already hit 25, and RIMM is all of 30 cents away
[14:19] {larisa} lol
[14:20] {nemo} somethin' is going on with the net today.  My page changes are slow
[14:22] {larisa} keep calling me man's name and it will be even slower!  :)
[14:23] {nemo} ooooooohhhhh...I'll start burning diagrams
[14:24] {nemo} this market is weird
[14:25] {larisa} if it is earnings run on RIMM, it is impressive
[14:50] {Threei}  housing market in Canada sees multiple bids above asking price
[14:50] {Threei}  wow
[14:50] {Threei}  what crisis}
[14:53] {dptl} have a good evening all
[14:53] {Threei}  take care dp
[14:53] {nemo} P&Q DP
[14:53] {nemo} room kinda' drifts without Dino's adult supervision
[14:57] {magoo} here comes 3 pm..we gonna run up or sell to hell}
[14:58] {Threei}  feels to me up
[14:58] {Threei}  but run is too strong
[14:58] {Threei}  crawl}
[15:01] {Threei}  more interesting question is,
[15:01] {Threei}  will market become more active next week
[15:01] {Threei}  after month ends
[15:02] {magoo} jesus..i hope so
[15:05] {Threei}  GM Mainstreet Bondholders reject new GM offer (13.68, -0.01, -0.07%)
[15:05] {Threei}  huh}
[15:05] {Threei}  make up your mind, bondholders
[15:05] {nemo} probably want to force it into court
[15:05] {Threei}  it was reported as done deal this morning
[15:06] {nemo} So, you read it on the internet must be true
[15:07] {nemo} GM bondholders now have until 5 p.m. EDT on Saturday to indicate they will not try to block a bankruptcy sale process.
[15:11] {Threei}  anyone went for DRYS 7.20 break}
[15:12] {nemo} didn't know about it
[15:15] {nemo} I'm done for the day.  P&Q
[15:19] {Threei}  take care nemo
[15:20] {Threei}  [12:40] {chinggis} any read on DRYS Vad?
[15:20] {Threei}  [12:41] {Threei} 7.20 begs to be bought
[15:20] {Threei}  [12:41] {Threei} it'sa just so slow all around
[15:32] {Threei}  SATC Hearing Changewave making positive comments (25.70, 0.24, 0.94%)
[15:32] {magoo} VNDA trying vad
[15:32] {Threei}  lookwd it at mags... doesn't feel right
[15:32] {magoo} thats why i ask :)
[15:33] {Threei}  JNPR Rpeortedly discusising deal with IBM; no deal yet imminent - unconfurmed report (4.28, 0.00, 0.00%) (related IBM )
[15:51] {Threei}  strong finish
[15:51] {Threei}  but no ruinning
[15:51] {Threei}  like we foresaw, crawl up
[15:51] {magoo} RIMM animal
[15:52] {Threei}  okay guys, thank you all
[15:52] {Threei}  have a good evening, see you tomorrow
[15:52] {magoo} ty vad..all

Tuesday, May 26, 2009

May 26 2009

The market slept through the most of the day but while it did something we were able to extract our few profitable trades with just one stop. Quite a consolidation near the top after initial morning spike...

Session Time: Tue May 26 00:00:00 2009

[08:12] {pita} hola
[08:13] {Threei}  Good morning
[08:15] {Threei}  Quite an interesting dichotomy... nuclear missile test, you would normally expect gold up, ESD down
[08:15] {Threei}  just opposite happens so far
[08:18] {Threei}  Baltic Dry Bulk Index +5.6%, 17th straight increase
[08:19] {Threei}  CYTK
[08:19] {Threei}  Cytokinetics Inc Receives $50M due to Amgen Exercise of Option for Exclusive License to cardiac contractility Program That Includes CK-1827452
[08:19] {Threei}  - Amgen has exercised its option to obtain an exclusive license, worldwide (excluding Japan), to Cytokinetics'' cardiac contractility program. The license includes CK-1827452, a novel cardiac myosin activator being developed for the treatment of heart failure
[08:19] {pita} Why DRYS not following that closer?  Makes no sense to me.
[08:19] {Threei}  yeah... something company specific is in play
[08:20] {Threei}  shares dilution for instance
[08:20] {pita} still having effect?
[08:20] {Threei}  who knows
[08:20] {pita} yeah
[08:21] {Threei}  although EGLE is not exactly soaring either
[08:21] {pita} got killed on DRYS last week
[08:21] {Threei}  tried to hold it?
[08:21] {pita} y
[08:22] {Threei}  price action vs information...
[08:22] {Threei}  trade what you see, not what you think
[08:22] {pita} I heard that somewhere...
[08:24] {pita} lessons are painful
[08:26] {pita} where is INTC going?
[08:27] {Threei}  so far stays in place...
[08:27] {Threei}  slightly down
[08:28] {Threei}  loss of 15 is looking rather good for short
[08:28] {pita} agreed
[08:29] {pita} looks like that happened in opening candlee
[08:47] {Threei}  CYTK is holding near 3
[08:57] {cosmo} hmmm ...pharacuticals maybe
[08:57] {cosmo} MAPP cures migraines...
[08:58] {Threei}  is it a hybrid of pharaons and pharmas?
[08:58] {nemo} I thought it was a part of the fingernail
[08:58] {cosmo} biotech then
[08:59] {Threei}  MAP Pharmaceuticals Phase III trial of LEVADEX migraine product candidate meets all four primary endpoints; shows statistical significance
[08:59] {Threei}  - Total of 792 patients were included in the primary data analysis as specified in the protocol of the FREEDOM-301 study, which was conducted under a Special Protocol Assessment agreement with the U.S. FDA. The patient population studied had more severe migraine pain than expected, with 46% reporting severe pain and 54% reporting moderate pain prior to administration of the study drug.
[08:59] {Threei}  MAPP
[09:00] {Threei}  *MAR CASE SHILLER HOME PRICE INDEX: 139.9 V 143.17 PRIOR; COMPOSITE-20 Y/Y: % V -18.40%E
[09:00] {Threei}  - Q1 US HPI: v 140.7e; HPI Y/Y: % v -18.7%e
[09:00] {Threei}  - Prior Home Price Index Revised from 143.17 ...more... (related XLF XHB )
[09:04] {fernp} good morning everybody
[09:04] {Threei}  fern :)
[09:06] {vinod} good morning
[09:06] {Threei}  vinod :)
[09:06] {nemo} vino :)
[09:07] {KSystems} boo
[09:07] {ese} gm
[09:07] {Threei}  KS, ese :)
[09:07] {nemo} oh no, the boesewicht is here
[09:14] {ese} hmmmm it's a good read....have subscribbed to "Trade the News"  ...the morning report is a good start 
[09:14] {chinggis} gm 
[09:14] {Threei}  chinggis :)
[09:14] {ese} cha ching
[09:15] {nemo} good one ese
[09:15] {nemo} where's 
[09:15] {nemo} where's "the missing link
[09:15] {nemo} geez...typing this morning
06[09:17] * nemo slaps dino around a bit with a large trout
[09:18] {dino} gm all
[09:18] {Threei}  dino :)
[09:18] {nemo} Turnaround Tuesday Dino?
[09:19] {Threei}  in absence of Monday I would expect Tuesday to be moved to Wed
[09:19] {ese} does that apply after a long wekend
[09:19] {dino} turnaround from what, no monday
[09:20] {nemo} just making conversation
[09:20] {dino} no worries
[09:25] {Threei}  not much happens
[09:25] {Threei}  feels down is the direction so far, but action is rather muted
[09:25] {ese} vad do you focus in on anything in particular on this trade the news site
[09:26] {Threei}  just scrolling headlines
[09:27] {magoo} morning
[09:28] {Threei}  magoo :)
[09:28] {nemo} magus
[09:28] {magoo} news FSLR vad?
[09:28] {magoo} down 9
[09:29] {Threei}  First Solar Inc. Shares cut to Underperform from Market Perform at FBR, PT $110.00
[09:29] {Threei}  Action on the back of:
[09:29] {Threei}  - Polysilicon prices taking a nose dive. Checks over the past week suggest (quality) spot poly prices have declined to $65/kg, down 35% year to date
[09:29] {Threei}  - Recent checks indicate at least one of FSLR top customers has already switched from FSLR to a si-based module vendor for a project that is currently under construction.
[09:29] {Threei}  Checks also suggest six inch solar wafer prices (in the spot market) have declined to US$3.50/piece, implying that finished solar wafers are now { US$1/watt. Assuming US$0.80/watt for turning wafers into modules, we estimate $65/kg poly to yield modules at a cost of US$1.60-US$1.80/watt. And even a rather aggressive GM of 20% implies si-based manufacturers could sell modules at US$2.10 (or EUR1.62, assuming 1.3 F/X) and compete head-to-head with FSLR
[09:30] {magoo} ty
[09:30] {Threei}  VPHM
[09:30] {Threei}  ViroPharma Incorporated Update: Scientific Data Relating to Cinryze Presented at 6th Annual C1 Inhibitor Deficiency Workshop
[09:30] {Threei}  - If approved, Cinryze would be the first C1 esterase inhibitor available for the acute treatment for this condition. ViroPharma''s PDUFA date for Cinryze in the acute setting is June 3, 2009.
[09:30] {Threei}  - Cinryze is not approved for acute attacks of HAE
[09:30] {Threei}  - Data on side effects, frequency of HAE attacks, and number of emergency medical visits prior to and following initiation of Cinryze therapy were presented.
[09:32] {magoo} news AAPL vad?
[09:32] {Threei}  upgrade by MS, target 180
[09:32] {magoo} wow
[09:33] {jfjf64} mornin all
[09:33] {Threei}  jf :)
[09:33] {Threei} Long Setup:  GERN  .70
[09:33] {Threei}  if stays above .60 .60
[09:34] {Threei} Long Setup:  RIMM  .20 break half lot
[09:34] {Threei}  if stays above 72
[09:35] {Threei}  1:1
[09:35] {nemo} miss
[09:35] {ese} qqqq taking off
[09:36] {Threei}  1:2 full out
[09:38] {tomg} ty rimm vad
[09:38] {Threei}  :)
[09:39] {magoo} out RIMM here TY.86
[09:39] {Threei}  wtg
[09:40] {Threei}  Preview: May Richmond Fed Manufacturing Index due out at 10amET
[09:40] {Threei}  **consensus expectation: -7e v -9 prior
[09:40] {Threei}  Preview: May Consumer Confidence due out at 10amET
[09:40] {Threei}  **consensus expectation: 42.6e v 39.2 prior (most estimates range from 40 to 45)
[09:42] {nemo} in gern
[09:42] {Threei}  SEED lost its mind
[09:43] {nemo} oxgn
[09:50] {fernp} .
[09:51] {Threei}  keeping an eye on WFC
[09:51] {Threei}  not clear idea of entry yet
[09:52] {ese} nothing i'm looking at is going anywhere .04 up -.02 dn .08 up -.07 dn etc etc etc 
[09:52] {Threei}  .60 break if stays above .50
[09:54] {Threei}  if loses .50, next support worth looking at isd around .20- .30
[09:56] {dino} es i'm not hitting anything yet either
[09:57] {Threei}  VNDA... not done yet??
[09:57] {Threei}  3 min till numbers
[09:58] {ese} anyone in vnda?
[09:59] {dino} cwtr pop and drop
[10:00] {Threei}  *MAY CONSUMER CONFIDENCE: 54.9 V 42.6E
[10:00] {Threei}  - prior revised from 39.2 to 40.8 (related TLT SHY SPY )
[10:00] {ese} ya just saw that dino
[10:00] {Threei}  wow
[10:00] {dino} mygn opo
[10:00] {dino} pop
[10:00] {ese} ouuuu  CC up big
[10:01] {nemo} gern not moving on that
[10:02] {ese} drys taking off.....still have small swing position there
[10:02] {Threei}  - prior revised from -9 to
[10:02] {Threei}  - no revisions
[10:02] {dino} cci up
[10:02] {dino} all is well again
[10:03] {nemo} Consumer confidence is that like the kingdom of the blind?
[10:03] {Threei}  let's trail GERN
[10:03] {nemo} to .70?
[10:03] {Threei}  just under
[10:04] {nemo} big orer @ .78
[10:04] {magoo} WFC trigger..distracted here
[10:05] {wulff} good RIMM shot
[10:05] {nemo} ese will appreciate that
[10:05] {wulff} yup
[10:06] {Threei}  I had this nagging feeling that RIMM was going to be multipoint play
[10:06] {magoo} me too
[10:06] {magoo} and people came in office
[10:07] {ese} that was a good lick the wilf
[10:07] {Threei}  GERN 1:1, half out or take scalp
[10:07] {magoo} had to take dough
[10:07] {nemo} 1/2 out gern
[10:07] {ese} wulf
[10:07] {ese} rimm shot....
[10:08] {wulff} still holding my 100
[10:08] {ese} in rimm wulff
[10:09] {Threei}  from where wulff?
[10:09] {nemo} there castle
[10:09] {wulff} 72.20
[10:10] {Threei}  oh boy
[10:10] {nemo} indecent profits vad
[10:10] {ese} nice
[10:10] {Threei}  so, do you intend to sell ever?
[10:10] {wulff} put in half lot and only filled 100
[10:11] {wulff} I am trying to build a position to take over the company
[10:11] {nemo} take your meds this morning?
[10:11] {Threei}  hostile takeover.. G,Gekko, where are you
[10:11] {dino} sm l ceph .30
[10:11] {Threei}  GERN almost 1:2
[10:12] {Threei}  feel free to exit as ou see fit
[10:12] {nemo} another 1/4 gern
[10:13] {Threei}  unusual play for GERN
[10:13] {Threei}  this one resolves much faster.. this long sitting in place, then orderly move is not its charracter
[10:13] {Threei}  maybe it's chaging its ways... maturing so to speak
[10:15] {dino} bwyb thin, sm l .00
[10:16] {Threei}  starting to look for reversal
[10:16] {nemo} what stock?
[10:16] {Threei}  market
[10:16] {nemo} no dino
[10:16] {nemo} what stock?
[10:17] {Threei}  QID qould be the vehicle of choice
[10:17] {Threei}  want pullback closer to 36
[10:17] {Threei}  for double bottom entry
[10:17] {ese} man indecision on my part today.....thought about  one lot in appl but didn't pull the trigger
[10:18] {dino} bwy 
[10:18] {dino} sorry nemo fat fingers
[10:18] {ese} bwyb
[10:18] {ese} ?
[10:18] {nemo} BWY ese
[10:18] {dino} same here es, missed wynn, bwld, pnra all went buck +
[10:19] {ese} tks
[10:19] {nemo} shld went 3
[10:19] {dino} i suppose n korea lights another candle we hit 10k
[10:20] {ese} feels like i've never played this game more long weekends.....thats an order
[10:22] {pita} cu all later
[10:22] {nemo} hasta la vista pita
[10:23] {dino} cya pita
[10:23] {Threei}  take care pita
[10:23] {Threei}  took RIMM profit??
[10:23] {pita} happy hunting
[10:25] {ese} see ya pita
[10:25] {jfjf64} later pita
[10:26] {Threei}  ENMD... now, that's a balst from the past
[10:28] {dino} ceph stop to b/e
[10:29] {dino} ceph stopped +.04
[10:32] {ese} ya long time since that symbol has come up
[10:35] {magoo} crazy morn
[10:36] {dino} sm l trv .75
[10:42] {fernp} FITB breakout, Vad?
[10:43] {Threei}  I like it
[10:43] {Threei}  with FAS help
[10:43] {fernp} FAS looks fine
[10:47] {Threei}  if it botttoms close enough on this pullback for comnfortable entry, that's going to be 4 test of the high
[10:47] {dino} ogxi gives some back
[10:57] {Threei} Long Setup:  QID  .15
[10:57] {Threei}  if stays above 36
[10:58] {nemo} in
[11:04] {magoo} in
[11:05] {dino} trv to .64 stuck
[11:07] {dino} trv stopped -.11
[11:09] {magoo} out qid..i feel mkts want up
[11:09] {magoo} jiust my feel
[11:10] {dino} pru sm l .20
[11:10] {magoo} good one anyway vad
[11:14] {Threei}  action died down
[11:18] {Threei}  offering half over .30 and 1/4 over .40
[11:24] {Threei}  stopped
[11:24] {dino} open
[11:24] {nemo} nice call mags
[11:26] {magoo} actually, i like vads concept..just we need it much lower, and on big mkt pullbk
[11:26] {Threei}  GERN takeovber rumors again
[11:26] {Threei}  getting really old
[11:27] {Threei}  when you have 10 min:
[11:27] {Threei}
[11:29] {chinggis} Vad XRX pullback playable?
[11:30] {ese} see you all in about and hour and a bit....have to teach a class....not that i've been contributing much this morning anyway....
[11:30] {Threei}  take care ese
[11:30] {ese} see ya vad
[11:30] {Threei}  pullback is so shallow so far chinggis... it's still a breakout play at this point
[11:30] {jfjf64} later ese
[11:31] {chinggis} ok TY
[11:31] {Threei}  6.90 is closest support
[11:31] {Threei}  for hunting for entry if drops there,
[11:31] {Threei}  or for stop placement if it breaks out
[11:32] {chinggis} ok TY
[11:32] {magoo} brb
[11:39] {Threei}  if market resumes upward movement, FEED 6 break is probably worth trying
[11:42] {Threei}  GM Reportedly bond holders have tendered a low single digit percentage of the $27B eligible for debt exchange, according to sources - unconfirmed report (1.30, -0.13, -9.09%)
[11:43] {nemo} hehehehehe
[11:43] {nemo} the upyoursobama
[11:44] {Threei}  GM was seeking a 90% exchange rate in this debt exchange offer, which expires at midnight tonight
[11:46] {nemo} mmmmhhh...feed didn't move with the market.  Done for now?
[11:46] {Threei}  didn't lkose support eityher
[11:47] {dino} you guys making me hungry
[11:48] {nemo} why Dino
[11:49] {dino} pru stop to .50
[11:49] {dino} feed = food to me, lol
[11:49] {nemo} Mags, get dino a bag of oats
[11:50] {dino} lol
[11:50] {nemo} you can hook it around your head.  Keep your hands free for the keyboard
[11:51] {Threei}  hour and half of immobile market
[11:51] {nemo} nap time
[11:52] {dino} out pru +.30
[11:52] {nemo} gj dino
[11:53] {Threei}  want gambling play?
[11:53] {Threei}  MAPP .10 break long if stays above 8
[11:53] {dino} sxci
[11:53] {dino} ty nemo, started slow today
[11:55] {nemo} I don't know why, but I've got Tony Orlando and Dawn bouncing around in my head...disconcerting to say the least
[11:56] {nemo} wulffy...still got RIMM?
[12:02] {Threei}  MAPP over 1:1
[12:02] {Threei}  out .27 - .30
[12:03] {Threei}  what, no gamblers??
[12:03] {nemo} though you went in at }10?
[12:03] {nemo} .10?
[12:03] {Threei}  yes?
[12:03] {nemo} out @ .27?
[12:04] {Threei}  part .27 and part .30
[12:04] {nemo} oh
[12:04] {Threei}  ?
[12:04] {nemo} got it
[12:04] {nemo} why ?
[12:05] {Threei}  couldn't understand what kept you puzzled about that
[12:05] {nemo} your typing skills?
[12:08] {magoo} back
[12:08] {dino} sm s sxci .50
[12:10] {Threei}  awww
[12:10] {Threei}  mags
[12:10] {Threei}  missed your type of play
[12:12] {magoo} always worx like that sigh
[12:13] {Threei}  FEED is trying
[12:13] {nemo} yeah, but that quik jump to 6 
[12:14] {Threei}  and couple more big offers above 6
[12:14] {nemo} interesting
[12:15] {nemo} where'd they go
[12:15] {Threei}  either canceled or went to reserve
[12:16] {nemo} big bid at 6 too
[12:17] {nemo} bids
[12:17] {nemo} somebody putting a floor under this?
[12:21] {Threei}  1:1
[12:22] {jfjf64} ty
[12:23] {nemo} didn't know that call was still on
[12:23] {Threei}  ?
[12:24] {Threei}  it was discretionary from the get go
[12:24] {Threei}  [11:39] {Threei} if market resumes upward movement, FEED 6 break is probably worth trying
[12:24] {Threei}  who likey, takie
[12:24] {Threei}  never got invalidated
[12:25] {nemo} what was invalidation point? 
[12:27] {Threei}  .90
[12:27] {nemo} missed that
[12:27] {Threei}  kind of self-obvious from 1 min
[12:28] {Threei}  almost an hour of consolidation between 5.90 and 6
[12:29] {jfjf64} faz   low  for  day
[12:29] {nemo} thought it was .92 then when broke down to .90 thought was over
[12:32] {dino} titn l .28, stop .13
[12:33] {nemo} small dino?
[12:34] {dino} hl
[12:34] {dino} thinny careful
[12:34] {nemo} yeah, not my cup of tea
[12:35] {nemo} that's why I asked about your lot size
[12:38] {dino} np
[12:39] {Threei}  this unbelievably long consolidation looks like will resolve in upward move
[12:41] {KSystems} *burp*
[12:41] {nemo} excuse yourself
[12:41] {KSystems} Just throwing in my two cents after few days of absolute silence
[12:41] {KSystems} =)
[12:43] {KSystems} hows your day been nemo?
[12:46] {dino} pru drop
[12:46] {magoo} PRU drop vad
[12:47] {dino} bwy stop to b/e stuck
[12:48] {Threei}  no news mags, don't know what's up
[12:53] {nemo} see WFC since 12:25
[12:54] {Threei}  FAS, BAC
[12:55] {Threei}  WFC seems to have one of its fits, when it suddenly starts going and keeps going
[12:59] {Threei}  GM Will give UAW's VEBA a $2.5B note and $6.5B in preferred stock - WSJ cites sources (1.26, -0.17, -11.89%)
[13:02] {ese} am that hurt
[13:02] {nemo} poor ese
[13:02] {Threei}  of course... entering wrong username and wondering why no entry
[13:02] {ese} hows it goin nemo
[13:03] {ese} filthy stinking rich yet?
[13:03] {nemo} 'nother day in paradise
[13:03] {Threei}  keeping an eye on SEED for 6 break
[13:03] {ese} tks
[13:03] {Threei}  this one is thinner than FEED
[13:03] {Threei}  more risk
[13:04] {ese} indeed
[13:13] {Threei}  GRO
[13:14] {Threei}  follows SEED/FEED tracks
[13:18] {dino}  snda
[13:20] {nemo} is that an indian stock dino?
[13:21] {dino} bwy to .20
[13:22] {dino} china
[13:22] {nemo} sitting right on it's 200 day ema
[13:22] {nemo} I lied 200 hour, 26 day
[13:23] {dino} out bwy .20, +.20 all day dog
[13:23] {nemo} ruff
[13:25] {magoo} we in anything here vad?
[13:25] {nemo} coma?
[13:25] {Threei}  yup
[13:25] {magoo} ?
[13:27] {Threei}  coma... what nemo said
[13:27] {Threei}  GM pop
[13:28] {Threei}  I don't see any new news
[13:29] {Threei}  [12:59] {Alert} Threei GM Will give UAW's VEBA a $2.5B note and $6.5B in preferred stock - WSJ cites sources (1.26, -0.17, -11.89%)
[13:29] {Threei}  that's all, just got repeated on other wires
[13:32] {dino} titn stop to .35
[13:33] {dino} out slip ave .02 +.04
[13:34] {Threei}  Congressional Budget Office estimated that only 15% of the $787 billion bill that President Obama signed into law in February would reach the economy this year.
[13:39] {magoo} hello?
[13:40] {Threei}  ?
[13:40] {magoo} i just walked intp your hospital room {coma} and greeted your family members
[13:42] {magoo} hello?
[13:43] {Threei}  mags, yolu see absolutely not moving market?
[13:43] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:43] {Threei}  or it's just me who sees it?
[13:43] {dino} ogxi perhaps going for gap from thurs close around 17
[13:44] {Threei}  if you want to play anything, no matter what, pick any of those hitting 52 week highs
[13:44] {Threei}  STEC
[13:44] {Threei}  KOPN
[13:44] {Threei}  KONG
[13:44] {Threei}  buy and pray that the run is not over
[13:45] {ese} zzzzz snort ...gronk.....zzzzzz......gurglezzzzzzz
[13:45] {nemo} hope that doesn't smell
[13:53] {Threei}  anyone watched that show?
[13:53] {ese} whaqt show?
[13:53] {Threei}
[13:54] {ese} I will later......
[14:00] {dino} ceph sm l .00
[14:02] {dino} sxci stopped/cov. .81 -.31
[14:10] {Threei}  I don't remember such a prolonged period of no movement in ages
[14:11] {nemo} Sell in May :)
[14:11] {Threei}  IMO... no
[14:11] {Threei}  this is rather preparation for a rally
[14:12] {cosmo} ... unless GERN has a turn around tuesday...
[14:12] {patience} end of spring/month repositioning?
[14:12] {dino} pu drop
[14:12] {nemo} true window dressing?
[14:12] {dino} pru
[14:14] {dino} contra hour
[14:16] {Threei}  GM Reportedly offering hourly worker buyouts; comprising a voucher and cash buyout portion
[14:16] {Threei}  - Car voucher valued at $25K, with cash buyouts of $115K (1.58, 0.15, 10.49%)
[14:19] {dino} risky sm l snda .00
[14:36] {nemo} sleepin'?
[14:36] {Threei}  no
[14:36] {Threei}  but I am not sure whay
[14:36] {Threei}  why
[14:40] {dino} out snda .50, +.50
[14:42] {Threei}  vinod, look dcc please
[14:46] {vinod} what is dcc
[14:46] {Threei}  private message
[14:46] {nemo} it's a little window that pops up in mirc
[14:47] {Threei}  look for tab with my nick on it
[14:47] {nemo} or are you logged in the webpage
[14:47] {nemo} it'll be flashing red vinod below the menu bar
[14:49] {vinod} thanks I got --nemo
[14:49] {nemo} see snda Dino, it was coming into resistance, that why you baled
[14:49] {vinod} let you know i still have RIMM will be out shortly
[14:50] {vinod} you told us 0.20 break stay above 72
[14:51] {nemo} vinod and mags must be long lost brothers
06[14:51] * magoo slaps Threei around a bit with a large trout
06[14:51] * magoo slaps Raven around a bit with a large trout
06[14:51] * magoo slaps patience around a bit with a large trout
06[14:51] * nemo ducks
06[14:51] * magoo slaps nemo around a bit with a large trout
[14:51] {magoo} but u looked up
06[14:51] * nemo psychologically damaged
[14:52] {Threei}  jeez... vinod, I can't believe you held it this long
[14:52] {Threei}  conghratulations anyway
[14:52] {Threei}  good play
[14:56] {dino} ogxi gasp filled
[14:57] {dino} gap
[14:57] {Threei}  FEED
[14:57] {Threei}  dropped all the way back into orginal break
[14:58] {vinod} i have no choice sometime 
[14:58] {dino} pru sm l .01
[14:58] {Threei}  RMBS U.S. District Court Orders Hynix to Post Security for Infringing Rambus Patents (12.55, 0.56, 4.67%) (related 000660.KS )
[14:59] {Threei}  RMBS U.S. District Court Orders Hynix to Post Security for Infringing Rambus Patents
[14:59] {Threei}  - Ordered Hynix to secure the judgment amount of approximately $397M through a combination of a bond... (12.55, 0.56, 4.67%) more... (related 000660.KS )
[15:00] {Threei}  nice spike
[15:00] {Threei}  BMY FDA Grants Full Approval for SPRYCEL (dasatinib) for the Treatment of Adults with Chronic Myeloid Leukemia Who Are Resistant or Intolerant to Prior Therapies Including Gleevec* (19.96, -0.06, -0.30%)
[15:00] {vinod} out 76.50
[15:01] {nemo} done for the week vinod..sheesh
[15:02] {vinod} yes, done for the day and my only trade i had only 300
06[15:02] * nemo slaps vinod around a bit with a large roll of silver dollars
[15:03] {dino} gj vinod
[15:03] {nemo} 4 bucks
[15:04] {vinod} some time dum trader do good
[15:04] {nemo} shoulda' been a fighter jock
[15:04] {nemo} :)
[15:05] {vinod} may be time to short RIMM
[15:09] {Threei}  let's put FITB to our watchlist for tomorrow
[15:13] {dino} v sm ogxi l .45
[15:33] {jfjf64} ms   flyin
[15:34] {dino} pru to .41
[15:34] {dino} out pru .41, +.40
[15:38] {dino} acor
[15:47] {Threei}  GRO another one to watch tomorrow
[15:47] {jfjf64} ms  puulback  vad?
[15:47] {Threei}  impossible to tell jf
[15:48] {Threei}  these finnies do both, run into close or huge drop with equal ease
[15:48] {jfjf64} yes  hard to tell ty
[15:54] {patience} empty day for me, last week was outstanding....sigh...see you tomorrow
[15:54] {Threei}  okay guys, not very active but profitable day
[15:54] {Threei}  have a good evening, see you tomorrow
[15:54] {jfjf64} gn all
[15:56] {dino} gn all, gotta hop
[16:00] {magoo} good nite all

Friday, May 22, 2009

May 22 2009

Not very active day which is not surprising before the long weekend. Just a few trades but profitable.

Session Time: Fri May 22 00:00:00 2009

[08:33] {magoo} morning
[08:33] {nemo} magus
[08:33] {Threei}  good morning
[08:34] {Threei}  mags, want good advice?
[08:34] {Threei}  do NOT look at OGXI
[08:35] {magoo} oy
[08:37] {magoo} whats up with CGRB?
[08:37] {Threei}  CGRB Johnson & Johnson agrees to acquire company for $1.0B in a cash tender offer; To purchase all shares at $43/shr (last: $36.98)
[08:37] {Threei}  - Under the terms of the agreement, Johnson & Johnson will initiate a tender offer, through a ne... (36.98, 0.62, 1.71%) more... (related JNJ )
[08:40] {Threei}  GM is trading in quite a range for this price
[08:50] {fernp} good morning everybody
[08:50] {Threei}  fern :)
[09:05] {ese} good morning
[09:06] {Threei}  ese :)
[09:07] {Threei}  Prez on TV, if anyone wonders
[09:08] {cosmo} yeah...sometimes i do wonder what's on TV
[09:09] {Threei}  being a male, per Seinfield you should be wondering what ELSE is on TV
[09:09] {cosmo} car races 
[09:09] {cosmo} good time for them
[09:10] {Raven} Monaco cosmo
[09:10] {cosmo} yep
[09:11] {ese} Bank United in Florida closed it's doors eh......
[09:11] {ese} what going to happen with that
[09:11] {dptl} good morning
[09:11] {ese} dp
[09:11] {dptl} :)
[09:12] {Threei}  Raven, dp :)
[09:12] {Raven} 3i:)
[09:12] {ese} well well well   Raven!!!!  HOW ARE YA
[09:12] {Raven} I are just ducky
[09:13] {cosmo} gee...get better i hope
[09:13] {ese} this is a good thing....good to see you hangin
[09:13] {Raven} I'm always watching and I can't get too much better
[09:14] {Raven} all downhill now
[09:14] {cosmo} got breaks?
[09:14] {Raven} disks both front & rear
[09:14] {ese} guess i missed something....whats happenin
[09:15] {Raven} lol
[09:15] {Raven} you're thinking too hard ese
[09:15] {cosmo} Monte Carlo, ese
[09:15] {ese} ahhhhh
[09:16] {Raven} and the warbler migration has peaked
[09:16] {ese} are you a birder?
[09:16] {cosmo} uh oh
[09:16] {Raven} oh you bet
[09:17] {Raven} almost every morrning in April, May
[09:17] {ese} neat....I love birds....have a White Face Pearl Cockateil
[09:17] {Raven} cept today is too windy
[09:18] {Raven} that bird is an invasive species
[09:18] {ese} a rare version of a cockateil.....tell me about it
[09:18] {Raven} yes ... don't let it out into the habitat or we'll be overrun
[09:19] {ese} naw no chance ....have clipped a wing
[09:19] {Raven} good
[09:19] {cosmo} i like teratorns....but, no matter..
[09:19] {Raven} they're not very mobile
[09:19] {ese} i should consider that then.
[09:20] {ese} where do you do most of your birding
[09:21] {Raven} United States 
[09:21] {Raven} headed for North Dakota June 4
[09:22] {ese} have a great time....your close to my home province there...Saskatchewan
[09:22] {Raven} yup ... will be right on the border for several days
[09:23] {Raven} open spaces and Prairie species
[09:24] {Raven} and no people
[09:24] {ese} definately.......i love the open prarie of Saskatchewan
[09:24] {Raven} most all native Prairie habitat destroyed in the uS
[09:24] {ese} I like it here on the west coast but when i go back my body feels more calm when i get off the airplane
[09:25] {Raven} like 95%
[09:25] {ese} so
[09:25] {cosmo} ADSK pre mkt high = 22.05  fwiw
[09:26] {Raven} sheesh ... got dumped
[09:26] {jfjf64} mornin
[09:26] {ese} jf
[09:27] {pita} greetings all
[09:27] {Threei}  jf, pita :)
[09:27] {Threei}  trying to gauge GM
[09:28] {Threei}  feels like it's all about specultion on bankruptsy at this point
[09:28] {Threei}  made quite aove yesterday, and trying to continue
[09:29] {nemo} shld up big
[09:30] {Threei}  watching WFC also for p;ossible repeat of yestetrday's trick
[09:30] {jfjf64} yup
[09:30] {Threei}  big selloff, big jump
[09:31] {dino} gm
[09:31] {Threei}  dino :)
[09:32] {ese} L Drys .20
[09:32] {dino} gm bankruptcy talk is next week
[09:32] {Threei}  it surely trades quite well for that, lol
[09:32] {ese} pita...did you catch any of that move by drys yesterday
[09:33] {pita} :(
[09:33] {jfjf64} s bac .48
[09:33] {cosmo} ARUN pre mkt high = 6.40  fwiw
[09:33] {Threei}  if we get GM pullback to or under 2.10, worth considering
[09:33] {pita} I was out DRYS with small loss
[09:34] {jfjf64} in
[09:34] {pita} never went back
[09:34] {Threei}  interestingly enough, F is in red
[09:34] {pita} nm
[09:34] {Threei}  even though F is not under immediate bankruptsy threat
[09:34] {Threei}  go figure
[09:35] {fernp} GM pullback
[09:35] {Threei}  GM Economic Advisor Goolsbee: Administration committed to company through the first deadline of restructuring June 1
[09:35] {Threei}  - This comes in response to Washington Post article speculating that the Administration was preparin...more...
[09:35] {jfjf64} drop bac
[09:36] {jfjf64} .34  half
[09:37] {Threei}  .10 break GM if stays above .05
[09:37] {Threei}  nope
[09:37] {nemo} invalumadate
[09:37] {nemo} korreqt?
[09:37] {Threei}  [09:37] {Threei} nope
[09:38] {dino} rrgb
[09:38] {nemo} more about my spelin
[09:38] {pita} bounce point BAC?
[09:39] {ese} l drys avg position .08
[09:39] {jfjf64} .29 remain out  bac
[09:39] {Threei}  WFC
[09:39] {Threei}  wastching for drop into .60
[09:40] {Threei}  BAC .30 break long
[09:40] {Threei}  if stays above .20
[09:41] {dino} .
[09:41] {dino} am i here?
[09:41] {Threei}  yes sir
[09:41] {nemo} no
[09:41] {ese} yes and no
[09:41] {dino} ty dsl kicked
[09:41] {jfjf64} +14   +19  bac
[09:41] {dino} perhaps then
[09:41] {dino} gj
[09:43] {Threei}  WFC getting there
[09:43] {Threei}  .70 break long if holding .60
[09:44] {nemo} opps
[09:44] {nemo} oops
[09:44] {Threei}  BAC .20 break
[09:44] {jfjf64} in.21
[09:46] {Threei}  new wave if weakness in the market
[09:47] {jfjf64} bac  wants  to  go   evev with fas not
[09:47] {Threei}  holding well
[09:47] {ese} ya got yer market up...ya got yer market dn...ya got yer market up....ya got yer market dn...shsheesh
[09:48] {jfjf64} comon buyers!!!!!
[09:48] {dino} bwld, bwy, pnra, gme, wynn
[09:48] {Threei}  let me send a bus to bring them in, jf
[09:48] {jfjf64} pls
[09:49] {jfjf64} coctails  for all
[09:50] {ese} SCHW.....consolidation
[09:51] {ese} bstop .96
[09:51] {Threei}  SEED
[09:51] {Threei}  Origen Agritech Ltd. Reports Q2 R$25.8M +58% y/
06[09:52] * Threei opens the bus door to let buyers out
[09:52] {dino} bwld sm l .05
[09:52] {dino} wider today
[09:52] {jfjf64} vad  females   drinks   for  all  members  on  bus
[09:52] {ese} stop triggered L schw .95
[09:53] {ese} bstop
[09:53] {jfjf64} holdin  real  nice
[09:53] {ese} stop .83
06[09:54] * Threei kicks last buyers out of the bus - go and do your thing, don't just sit around
[09:54] {dino} make sure that bus stops for me
[09:55] {jfjf64} put  sm  high  test  in   lets  go
[09:55] {vinod} good trading to all--just checjing in
[09:55] {vinod} I am in training fir resr of the day
[09:56] {Threei}  good luck vinod
[09:56] {vinod} will join you guys on tuesday
[09:56] {nemo} stop
[09:56] {vinod} and have a nice weekend
[09:56] {Threei}  you too
[09:57] {jfjf64} stop
[09:59] {dino} wynn sm l .80
[10:00] {ese} schw stop to break even .95
[10:00] {dino} ntes
[10:02] {Threei}  how about that SEED?
[10:04] {dino} wynn stopped -.33
[10:04] {ese} ese kicks market in rear with brand new canvas deck shoes
[10:04] {ese} ahhh good
[10:04] {Threei} Long Setup:  GERN  7 break
[10:06] {Threei}  FEED Hearing takeover chatter circulating
[10:06] {ese} out schw .15 +.20  lot and 1/2
[10:06] {ese} nice 1:1
[10:06] {jfjf64} nice ese
[10:06] {dino} intc l .10
[10:06] {ese} that worked just like you designed it vad
[10:07] {ese} tks
[10:07] {jfjf64} in .02
[10:07] {ese} cos??   look at arun now
[10:08] {cosmo} stop 6.44
[10:09] {ese} are you in
[10:09] {cosmo} oops ....wrong stock
[10:09] {cosmo} ....nope
[10:10] {cosmo} I have an ATAX stop at 4.44
[10:11] {cosmo} ... a healer...
[10:11] {cosmo} i think
[10:13] {ese} bstop fitb .02
[10:13] {magoo} vad, we in anything else besides GERN..pre occ here
[10:13] {jfjf64} comon  vad   push   gern   lol
[10:14] {Threei}  no magoo
[10:15] {magoo} ty
[10:17] {magoo} mkts rippin here
[10:17] {Threei}  Citigroup Inc Hearing Morgan Stanley raising price targets on certain US banks; cites expectation for nonperfoming loans to slow; sees mosts US banks repaying TARP by Q4 2009 (timing uncertain)
[10:17] {Threei}  - Hearing Citi price target raised to $6 from $4
[10:17] {Threei}  - BAC price target raised o $32 from $25
[10:17] {Threei}  - JPM price target raised to $60 from $45
[10:17] {Threei}  - WFC price target raised to $44 from $33
[10:17] {Threei}  - MS sees most banks repaying TARP by Q409
[10:17] {Threei}  half out GERN
[10:17] {Threei}  scalpers take prfit
[10:17] {jfjf64} ty
[10:18] {jfjf64} wfc
[10:18] {jfjf64} in.77
[10:19] {dino} f'ing magoo, hits two trades for over dollars. that's my job
[10:19] {Threei}  wow GM
[10:20] {nemo} gern clear to .30
[10:20] {ese} l fitb .02
[10:20] {Threei}  nice of GERN t take that offer
[10:21] {ese} fitb stop .00
[10:21] {jfjf64} half  out  wfc  .87
[10:22] {Threei}  plan for GERN:
[10:22] {Threei}  stop under b/e,
[10:22] {Threei}  1/4 more offered between .25 and .30,
[10:22] {Threei}  last portion, we will see
[10:22] {Threei}  either dump above .40 or just let it trade
[10:23] {dino} bwld to .85
[10:23] {ese} fitb quote trading system shut dn
[10:23] {Threei}  7.06 ese
[10:24] {dino} out bwld .87, +.86
[10:24] {dino} opps, +.81
[10:24] {magoo} wasnt gern the 1 u called 8?
[10:24] {Threei}  no
[10:24] {dino} actually +.82 wow i can't subtract today
[10:24] {nemo} .ask Magoo to do it for you
[10:25] {Threei}  good job dino, regardless of your math skills
[10:25] {dino} roflol
[10:25] {dino} either spelling or math
[10:26] {magoo} financials are weak..ciuldnt go even on that futes move
[10:26] {dino} nice schw btw to whoever called it
[10:26] {ese} stopped fitb .00...*&^&^^&$% what a load of SH&^%&^%TTTTT!
[10:27] {ese} pert timing perfect for my system to crap out
[10:27] {dino} tweak it, you can do it
[10:31] {Threei}  DRYS Hearing chatter company could be taken private by management
[10:33] {ese} what happens to the stock in a case like's all bought out
[10:34] {Threei}  depends on the price
[10:34] {Threei}  view it as your usual buyout
[10:35] {Threei}  common doesn't trade anymore
[10:35] {Threei}  current holders sell at the pricve of takeover'
[10:38] {ese} hmmmmm drys is worth approx 9.00 per share........
[10:38] {nemo} based on what ese?
[10:38] {ese} financials......took a look at it a couple of months back
[10:39] {ese} at least by my estimates
[10:41] {dino} bwy l .25 thin
[10:43] {dino} drys just issued stock in late fall and couple weeks ago, 10's of millions
[10:43] {Threei}  OXGN
[10:43] {Threei}  interesting chewing through huge offers
[10:44] {ese} ya i saw that that time i thought it was worth about 11 per diluted to 9 
[10:44] {dino} today 6.95
[10:45] {ese} ya i've got a swing trade on avg price .08
[10:46] {dino} sm l gme .00
[10:53] {dino} gme won't move stop to .89
[11:05] {magoo} hello?
[11:08] {Threei}  Fed finalizes Bank holding firm rule to classify Treasury preferred stock from TARP as Tier 1 capital
[11:08] {Threei}  - confirms original decision from Oct
[11:12] {dino} hod's
[11:12] {dino} ceph more pain on the secondary
[11:17] {dino} gme stopperd -.11 dogggggggggggg
[11:18] {dino} bwy half out .37, +.12
[11:19] {dino} intc stop to .21
[11:21] {dino} out intc .22, +.12
[11:22] {dino} bwy remaining stop to .36
[11:25] {Threei}  precious metals fell of a cliff?
[11:26] {Threei}  GM Confirms deal reached with CAW on new concessions
[11:26] {Threei}  15 min ago
[11:26] {nemo} Hey Maaagggssss!!!
[11:26] {Threei}  not very fresh
[11:26] {Threei}  no reaction really
[11:27] {chinggis} Vad any read on ARUN, it is holding good
[11:29] {dino} a run is good for you
[11:29] {Threei}  I have hard time imagining it moving higher
[11:29] {nemo} don't quit your day job dino
[11:29] {dino} lol
[11:29] {Threei}  it got a few upgrades this morning,
[11:29] {dino} this is it
[11:29] {Threei}  all with ragets 6.50 - 7
[11:29] {dino} bwy stop to .44
[11:30] {chinggis} ok ty
[11:30] {ese} daaaaaa...nemo ..was trying to find my notes for drys...I know that ifigured it out with a P/E of about 7 when it was in the high 5's....anyway that 475 mil share offering is likly to be around 10 conservative toeven at a discount 9 looked OK to me
[11:30] {Threei}  imagine it trying to move higher - how many of those who read upgrades will think "wow, I got their target in one day, I better get out" :)
[11:32] {dino} ouch slippage, bwy  at .37, +.12
[11:33] {Threei}  what's with NVAX?
[11:34] {Threei}  if there is some news in the sector, BCRX hasn't moved yet
[11:34] {Threei}  started moving now
[11:35] {dino} ntes hod
[11:35] {dino} brb
[11:41] {Threei} Long Setup:  IMAX  .76 break
[11:41] {Threei}  if stays above .65
[11:43] {ese} i love the imax
[11:43] {nemo} they are cool
[11:43] {ese} have seasons passes for myself and my kids
[11:45] {dino} tecd
[11:47] {Threei}  GM Bondholder group spokesperson: committee response to latest GM offers is a "universal no"
[11:47] {Threei}  are they crazy?
[11:48] {Threei}  next thing they know, president names them publickly
[11:48] {Threei}  and labels them as non-patriotic
[11:48] {Threei}  and tar and feathers ensue
[11:48] {nemo} or anti-communist
[11:49] {nemo} Comrades, you are the re-education camps
[11:49] {dino} somebody has to stand up for the law
[11:50] {ese} what law dino
[11:50] {nemo} question mark ese
[11:51] {ese} ?
[11:51] {Threei}  nemo is english teacher in past life
[11:51] {nemo} no..just obnoxious in this one
[11:51] {ese} man i'm like eh muscian eh....
[11:52] {Threei}  nemo... I have bad news for you
[11:52] {nemo} like an egyptian
[11:52] {nemo} fine
[11:52] {ese} would seem to mean the bond holders are in no positon to
[11:52] {Threei}  I realize you enjoyt being obnoxious... but you can't, not in the room
06[11:52] * nemo crawls into cave
06[11:52] * nemo closes door
[11:52] {Threei}  it's strictly my privilege to be obnoxious here
[11:52] {dino} they are primary secured, there is a law here
06[11:52] * nemo pulls blanket over head
[11:53] {ese} true
[11:53] {Threei}  I sometimes can tolerate competition for the title of captain obvious
06[11:53] * nemo covers ears
[11:53] {Threei}  but obnoxious? no way
[11:53] {ese} wouldn't the question be...secured against what?......taxpayer money now isn't it?
[11:54] {ese} basically your money dino....don't know the situation i wrong?
[11:54] {nemo} yes ese...but they must be pissed considering all the bondholders in the "too big to fail banks" have been protected
[11:54] {ese} hmmmmmk
[11:55] {dino} ity will end up in supreme court, they are secured, they should get parts of company, they are in front of govt and unions by law, years from now in court because govt will screw them
[11:55] {dino} obama reminds me of chavez, taking what he wants for govt
[11:56] {ese} ah ok.....didn't know that.....they have priority over gov't
[11:56] {dino} basic contract law here
[11:56] {Threei}  but dino... he read Chavez's book
[11:56] {nemo} it's not government ese
[11:56] {nemo} yeah, as Dino says
[11:56] {nemo} bondholders are first in line for corporate assets
[11:57] {dino} common, then preferred, then bondholders, they are the roots of the tree
[11:57] {dino} common and preferred no securitization
[11:59] {dino} but enough. obama will do what he wants courts will fine the govt 5 years from now, after the bondholders get screwed and possile wiped out. remember, many muni's invested in these gm bonds, as well as pension funds
[12:00] {ese} ya...i understand the tree roots for sure....i just thought that some special circmstances had applied here
[12:00] {dino} ceph lod
[12:01] {dino} no, it is the law of usa for hundreds of years
[12:02] {dino} think of a house mortgage, secured by house. govt can't just give your house to someone w/o paying off the bank
[12:02] {nemo} government wants to give GM to UAW without paying the bondholders
[12:02] {dino} wynn app. lod
[12:03] {dino} right nemo, thats the problem, the bondholders own certain parts 
[12:03] {nemo} but the unions elected Obama
[12:03] {dino} talk about buying votes for an election, i will give the auto industry to you unions if you vote me in, lol
[12:12] {nemo} knew it...Magoo it and IMAX pops
[12:13] {nemo} Well time for the FADC
[12:13] {dino} feels like everybody went home
[12:13] {Threei}  1:1 IMAX
[12:13] {Threei}  nice and easy
[12:14] {dino} gj
[12:14] {Threei}  just as I like it and as I almost forgot how to do over this week, lol
[12:14] {ese} nice one vad
[12:14] {Threei}  ese, have a look at 1 min
[12:14] {Threei}  exsctly what you like - textbook
[12:14] {Threei}  JBE at its cleanest
[12:14] {ese} thays right out of your book
[12:15] {Threei}  yeah
[12:15] {nemo} being Friday before holiday, would discretion be the better part of valor
[12:16] {dino} yes
[12:21] {dino} fwiw watching ceph, tecd, wynn, pnra, bwld
[12:22] {chinggis} are you out IMAX Vad/
[12:25] {Threei}  almost
[12:25] {Threei}  1/3 is still here
[12:25] {nemo} got your bottom in ceph dino?
[12:26] {dino} think so .oo trig
[12:26] {Threei}  what kind of company hass symbol STD
[12:27] {dino} or .80
[12:27] {dino} yuk
[12:27] {Threei}  [STD] Banco Santander Central Hispan
[12:28] {dino} dk now nemo
[12:28] {nemo} see where this bottoms out
[12:28] {dino} .85ish
[12:29] {dino} hibb spike
[12:29] {dino} too fast
[12:30] {nemo} looks like ceph holding
[12:30] {dino} .oo sm l ceph, lod stop
[12:33] {Threei}  who is holding any of IMAX still, stop to under .80
[12:40] {dino} wynn sm l .50
[12:51] {dino} wow nemo, i have destroyed ceph's move
[12:51] {nemo} I helped
[12:51] {nemo} Vad kick ceph
[12:52] {dino} indeed vad
[12:52] {nemo} Vaaaaaaaaddddd
[12:53] {nemo} so, we out before .20 or go for the break?
[12:55] {dino} .40 ideally
[12:55] {nemo} yes, thet resistance we're hitting has me concerned
[12:55] {dino} i don't take sm size unless i think i can get at least .40
[12:55] {Threei}  gosh
[12:55] {Threei}  I am busy kicking
[12:55] {Threei}  why do tyou distract me
[12:55] {nemo} thanks vad, didn't see it
[12:55] {dino} kick harder or your fired
[12:56] {Threei}  what do you mean didn't see? it moves!
[12:56] {nemo} I didn't see the kick
[12:56] {nemo} you kicking it with your toe, or mule kicking
[12:56] {nemo} ?
[12:56] {Threei}  you be happy with the result
[12:57] {nemo} just asking
[12:57] {Threei}  let me worry about kicking technique
[12:58] {dino} ceph is stuck in puddle of mud
[12:59] {nemo} that resistance plus the market isn't helping now
[12:59] {dino} wynn to .85
[12:59] {dino} ceph to b/e
[12:59] {nemo} stop to b/e on ceph dino?
[13:00] {dino} to .90
[13:00] {dino} out wynn .90, +.40
[13:01] {dino} ceph to .05
[13:02] {dino} sorry nemo, yes then now .05, houses' $ 
[13:03] {nemo} market not moving it
[13:06] {dino} well, w/ .05 on stop let it trade
[13:07] {dino} gets to .25 tighten to .19 imo
[13:07] {nemo} if it breaks .20 should be good
[13:07] {nemo} heh
[13:07] {dino} speak of the devil and he appears
[13:07] {nemo} Please allow me to introduce myself
[13:08] {dino} by all means
[13:08] {nemo} I'm a man of wealth and taste
[13:08] {dino} ok at .20
[13:09] {nemo} I was thinking that...I know vad...don't think
[13:09] {nemo} out
[13:09] {dino} out .20, +.20
[13:09] {nemo} ty
[13:12] {nemo} Friday afternoon before holiday scalping mode Dino?
[13:12] {dino} yes pretty much, moves get too random
[13:13] {dino} have to leave around 2:00, so not greedy 
[13:17] {nemo} tck very strong today
[13:22] {nemo} dino ceph
[13:23] {dino} ?
[13:23] {nemo} looked or looks like it's building a wedge
[13:24] {nemo} although volume is erratic so far
[13:29] {ese} otta here....have a great long weekend....
[13:29] {nemo} by ese
[13:29] {nemo} bye
[13:29] {patience} bye ese, have a good weekend
[13:29] {ese} see ya nemo
[13:29] {ese} you too patience
[13:29] {Threei}  take care ese
[13:30] {dino} cya es
[13:31] {dino} vnda
[13:31] {dino} nah
[13:31] {dino} pullback
[13:33] {dptl} have a good weekend all
[13:33] {nemo} dp
[13:33] {fernp} u too dp
[13:33] {Threei}  take care dp
[13:33] {Threei}  hey
[13:34] {Threei}  nest Friday I get to leave earlier
[13:34] {Threei}  next
[13:35] {dino} shld wow
[13:36] {dino} cya dp
[13:36] {nemo} perfect dbi on 5 minute
[13:37] {Threei}  lol, SHLD is down 5 points from its top and it's still up 7 from yesterday
[13:39] {dino} tecd lod
[13:40] {dino} low going to hold on tecd nemo?
[13:41] {dino} .00 trig, imo
[13:41] {nemo} TSTT
[13:41] {nemo} for me anyway
[13:41] {dino} or 29.50 if it gets there
[13:42] {dino} tstt?
[13:42] {nemo} Too Soon To Tell
[13:43] {dino} ok
[13:43] {dino} .00 sm l
[13:43] {nemo} of course, it could have just made a liar out of me
[13:51] {dino} trouble with tribbles, opps .18 i mean
[13:52] {nemo} saw the movie this week...really good
[13:52] {dino} i need to
[13:54] {Threei}  OGXI... mama
[13:57] {Threei}  SEED non-stop
[14:01] {Threei}  this is delightful:
[14:01] {Threei}  Fed's Bernanke: Economy will recover; no comment on policy
[14:01] {dino} ddrx
[14:02] {Threei}  [10:43] {Threei} OXGN
[14:02] {Threei}  [10:43] {Threei} interesting chewing through huge offers
[14:02] {Threei}  look azt it now...
[14:03] {laserdave} test
[14:04] {Threei}  anyone takes a shot at this?
[14:04] {nemo} dave
[14:04] {Threei}  jeez... gotta do everything myself...
06[14:04] * Threei slaps laserdave around a bit with a large trout
[14:05] {dino} slapperoni by dino to laser
[14:06] {laserdave} how about u guys slap me with some love
[14:06] {laserdave} :)
[14:06] {Threei}  hmmm
[14:06] {nemo} what? here?
[14:06] {dino} not happening
[14:06] {Threei}  the very request looks so out of place
06[14:06] * nemo slaps laserdave around a bit with a large prescription drugs for psychoses
06[14:06] * Threei slaps laserdave around a bit with a large list of reason Dave is not getting any love here
[14:07] {dino} tecd stop to .15
[14:07] {laserdave} haha
[14:07] {dino} we are not a rah rah room
[14:07] {dino} tough luv here
[14:08] {dino} to .22
[14:08] {patience} big hug for dave for showing up on a friday afternoon   :)
[14:08] {Threei}  argh
[14:09] {patience} was that too tough vad?
[14:09] {Threei}  my world is crashing all over me
[14:09] {dino} out .23, +.23 tecd
[14:09] {magoo} best pirate imitation vad?? lol
[14:09] {laserdave} ah thanks Parience
[14:09] {laserdave} Patience
[14:09] {patience} :)
06[14:09] * magoo slaps laserdave around a bit with a large trout
[14:09] {laserdave} u see was that so hard?
[14:09] {Threei}  practically impossible dave
[14:10] {Threei}  girls in the room... sigh
[14:10] {laserdave} :)
[14:10] {laserdave} nanananananana
[14:12] {dino} dadaadadadadada
06[14:12] * magoo slaps laserdave around a bit with a large trout
[14:14] {dino} well vad, a new streak begins today
[14:15] {Threei}  hopefully mine too
[14:16] {dino} hated to see the last one end
[14:17] {Threei}  what did I feel then... first 3 days losing streak in I don't know how long
[14:17] {Threei}  a year?
[14:18] {dino} yeah and 22 days up was tough to let go
[14:19] {Threei}  I can imagine... but then againb, you new it had to end :)
[14:19] {Threei}  knew
[14:19] {dino} kid rock on
[14:19] {dino} done for the day guys, over target, have to mow the lawn
[14:19] {dino} have a good memorial and weekend
[14:19] {Threei}  take care, have a great weekend
[14:19] {magoo} im drinking already
[14:19] {nemo} cya dino
[14:19] {magoo} gonna call it a day
[14:20] {dino} :)
[14:20] {magoo} everryone have good weekend
[14:20] {nemo} u 2 magoo
[14:20] {magoo} drive fAST, TAKE CHANCES AND PASS ON THE RIGHT
[14:20] {dino} one for the ditch, lol
[14:22] {patience} have a safe long weekend magoo  :)
[14:22] {Threei}  hmm
[14:22] {Threei}  take care mags
[14:22] {Threei}  I for one find your advice lacking though
[14:22] {Threei}  no drinking and driving?
[14:23] {Threei}  no talking on the cellphone and texting messages while driving drunk?
[14:27] {magoo} HE HE.TY PATIENCE U TOO
[14:39] {Threei}  SEED and FEED new highs
[14:40] {Threei}  gold and silver are down
[14:40] {Threei}  confirms my take: gold can't be eaten during crisis
[14:42] {jfjf64} wfc 24.70 break vad   ??
[14:42] {Threei}  I am torn here a bit jf...
[14:43] {Threei}  I have hard time imagning it moving at the end of the day on Fri before the long weekend, in the situation we have all around,
[14:43] {jfjf64} hope nothin i  said
[14:43] {Threei}  but I couldn't imagine it staging a move like it did yesterday eod either
[14:43] {Threei}  and a stunning move it was
[14:44] {jfjf64} i  agree    fas   looks  lk  it  ready  to  go
[14:44] {jfjf64} tempting
[14:44] {Threei}  after all,
[14:44] {Threei}  what's your stop?
[14:44] {Threei}  under .60?
[14:44] {Threei}  comfortable with it? then why not?
[14:44] {jfjf64} correct  
[14:45] {Threei}  or see if you can pick it up on pullback, closer to supports
[14:45] {Threei}  watch FAS,
[14:45] {Threei}  try to ca6tch the moment when FAS resumes upward
[14:45] {Threei}  and grab WFC
[14:45] {jfjf64} k
[14:49] {jfjf64} .55 looks  ok
[14:50] {Threei}  by itself - yes, but you want FAS help
[14:50] {jfjf64} y
[14:54] {jfjf64} .57
[14:55] {jfjf64} in
[14:56] {jfjf64} fas comon
[14:57] {Threei}  {FAS} I am trying!! Don't comeon me!
[14:59] {jfjf64} half out .62
[15:00] {jfjf64} .59 out  remainder
[15:04] {Threei}  OGXI
[15:04] {Threei}  I am crying
[15:05] {jfjf64} i was  gone all afternoon   were  ya  in  this  earliear
[15:05] {Threei}  no
[15:05] {Threei}  look at its daily
[15:05] {Threei}  and at its spread
[15:06] {jfjf64} dailys  crazy  
[15:07] {jfjf64} big  spread
[15:08] {Threei}  looking at GERN's daily...
[15:08] {Threei}  if it finishes here, bodes well for a new leg up, with any martket help
[15:09] {Threei}  hey Prez on TV, in case you wondered
[15:11] {jfjf64} wfc  same  move  all day  off bol line
[15:12] {jfjf64} do  you  use  bolinger lines at all
[15:12] {Threei}  yes
[15:12] {Threei}  didn't you watch scalping course videos?
[15:12] {jfjf64} markett runnin
06[15:12] * Threei slaps jfjf64 around a bit with a large scalping course
[15:13] {jfjf64} lol
[15:13] {Threei}  JNPR
[15:13] {jfjf64} this  gern  gonna  go
[15:13] {Threei}  C&H
[15:13] {Threei}  .50 break
[15:14] {jfjf64} stop at
[15:14] {Threei}  if market continues to new highs, should be scalp-worhy
[15:14] {Threei}  under .40, handle's bottom
[15:17] {Threei}  invalidated
[15:18] {Threei}  market found some crack in the floor and fell into it
[15:20] {jfjf64} that  bg  sell off  bac   holdin
[15:26] {Threei}  Earthquake reported near Mexico City, MX; no indications of size as of yet (related TAYD USD/MXN )
[15:34] {Threei}  NASDAQ says within 10 points from 10 ama
[15:34] {Threei}  stays
[15:34] {Threei}  it's a miracle we found any plays at all
[15:40] {jfjf64} im  sick   went  away for  couple  min   look  at  bac
[15:41] {Threei}  no news
[15:41] {jfjf64} strength  and   pow
[15:41] {Threei}  just probably some repositioning
[15:47] {Threei}  okay guys, let's call it a week
[15:47] {Threei}  admittedly tough one
[15:47] {nemo} cya take care drink heavy
[15:47] {Threei}  let's have a great relaxing long weekend
[15:47] {Threei}  see you on Tuesday
[15:47] {jfjf64} enjoy  all
[15:53] {fernp} have a good weekend everybody. see u on Tuesday
[15:54] {patience} enjoy  :)

Thursday, May 21, 2009

May 21 2009

Noticeable improvement over previous days, as we hit 5 out of 8 and kept stops well controlled. Considering long weekend coming, tomorrow may not offer much though.

Session Time: Thu May 21 00:00:00 2009

[08:10] {Threei}  Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET - Expectations for initial claims are 625K v prior release of 637K (range seen from 585K to 675K)
[08:13] {ese} good caught up in work /phone calls yesterday and had to leave the board early
[08:14] {ese} appologies for not saying good bye
[08:14] {Threei}  morning ese
[08:14] {Threei}  I am not sure it can ever be forgiven...
[08:14] {Threei}  you may well be looking at years of redemption...
[08:14] {ese} trout smackings etc etc
[08:15] {Threei}  ashes sprinkling over your head
[08:15] {Threei}  extensive soul-searching in the mountain cave
[08:16] {Threei}  (don't forget to leave the address so I drop by with 6-pack)
[08:16] {ese} coming up with anew religion to save the world
[08:16] {Threei}  they say it's profitable
[08:16] {ese} will do
[08:18] {ese} DDUP  +5,80
[08:19] {Threei}  Chrysler could reportedly eliminate all dealerships if bankruptcy deal with Fiat goes unapproved by Bankruptcy Court
[08:19] {Threei}  great
[08:19] {Threei}  have a look at AUY
[08:20] {Threei}  10 break on daily looks tempting
[08:20] {Threei}  pretty much depends on gold strength
[08:21] {ese} yes indeed
[08:22] {magoo} morning
[08:22] {Threei}  magoo :)
[08:22] {ese} hey mags
[08:22] {Threei}  buying at 10
[08:23] {magoo} what at 10 boss
[08:23] {Threei}  AUY
[08:23] {Threei}  look at daily
[08:24] {ese} anyone catch that move in auy yesterday
[08:24] {magoo} whats news TSRA
[08:25] {Threei}  SOLF Canaccord Adams Raised SOLF to Buy from Hold
[08:25] {Threei}  TSRA Has won a ITC chip-patent case against Qualcomm
[08:25] {Threei}  - The ruling said that Qualcomm, Motorola and four other companies infringed on the company's patent...more... (related QCOM BRCM MOT )
[08:25] {Threei}  yesterday
[08:31] {Threei}  *INITIAL JOBLESS CLAIMS: 631K V 625KE; CONTINUING CLAIMS: 6.662M V 6.650ME
[08:31] {Threei}  - Prior jobless claims revised from 637K to 643K
[08:31] {Threei}  - Prior Continuing Claims revised from 6.560M
[08:35] {fernp} good morning everybody
[08:35] {Threei}  fern :)
[08:39] {ese} fern
[08:52] {Threei}  ESLR is an embodiment of ugliness
[08:54] {ese} i would agree
[08:55] {ese} share offering at 1.80
[08:56] {ese} BRCD on the other hand has potential
[08:56] {Threei}  BRCD Reports Q2 $0.11 v $0.09e, R $506.3 v $476.4Me
[08:56] {Threei}  - Q2 gross margins 56.2% v 59.7% q/q
[08:57] {Threei}  BRCD Exec: Confident on firm's ability to exceed top and bottom line forecasts provided last quarter - conf call
[08:57] {Threei}  - Note: Back on 2/19, co. expected normal to greater than normal seasonal decline in Q2; guided FY09...more...
[08:58] {Threei}  AUY formed 9.90 - 10
[09:00] {ese} was there news  for auy vad?
[09:01] {Threei}  no
[09:01] {Threei}  gold strength is helping it
[09:02] {nemo} ese, check all the gold and silver stocks
[09:03] {ese} will do
[09:10] {Threei}  AUY took 10
[09:11] {nemo} I have it @10.05 between 7:54-8:00
[09:13] {pita} gm all
[09:13] {Threei}  pita :)
[09:14] {ese} pita
[09:14] {pita} hi ese
[09:15] {dptl} good morning all
[09:15] {Threei}  dp :)
06[09:16] * nemo slaps magoo around a bit with a large trout
[09:24] {patience} good morning RT   :)
[09:25] {Threei}  patience :)
[09:25] {ese} hmmmm    haven't seen the TRIN index at 4.16 since sept / nov
[09:25] {ese} patience
[09:25] {chinggis} gm all
[09:25] {ese} cha ching
[09:26] {jfjf64} mornin
[09:26] {ese} is your specialty......what do you make of AUY
[09:27] {Threei}  shingis, jf :)
[09:28] {ese} jf
[09:28] {jfjf64} lets get em today  boys
[09:29] {ese} some major selling goin on  with that trin index at 4+
[09:30] {dino} gm
[09:30] {patience} let me look ese
[09:30] {Threei}  dino :)
[09:30] {ese} dino
[09:30] {Threei}  watching WFC for pullback
[09:32] {ese} i'm thinkin bstop at .06 for auy patience
[09:32] {patience} ese, daily and weekly rsi for AUY ... i wouldn't buy and hold...good for a scalp.  i sold all of my underlying gold stocks early yesterday morning and just hold calls right now
[09:32] {patience} looking
[09:32] {ese} good to know tks
[09:33] {Threei}  around 23.90 first interest but not an entry by default
[09:33] {Threei}  just prepare order woth .95 limit and sit pretty
[09:34] {patience} i don't see gold futures popping yet ese, i am just waiting
[09:35] {Threei}  no pullback
[09:35] {Threei}  don't want to chase it
[09:37] {ese} tks patience
[09:38] {patience} :)    my puts on potash....happy day
[09:38] {ese} don't have access to old futures chart...where do you get that from
[09:38] {ese} gold
[09:39] {jfjf64} wfc
[09:41] {patience} i watch bnn and also feed from Kitco
[09:44] {ese} kitco....? whats that
[09:44] {Threei} Long Setup:  HIG  under .10
[09:45] {nemo}
[09:45] {patience}    its a gold site i use
[09:48] {ese} tks   will look into that
[09:48] {Threei}  HIG 1:1
[09:51] {ese} l drys .46
[09:54] {pita} with you ese - stop?
[09:54] {ese} .36 pita   have a couple of lots
[09:54] {pita} ty
[09:55] {ese} q's not going in our favor thought
[09:55] {Threei} Long Setup:  GERN  .95 break
[09:55] {Threei}  if stays above .85
[09:56] {ese} we;ll dino says....stick to the plan
[09:56] {Threei} Long Setup:  HIG  .10 break if stays above 15
[09:56] {magoo} in hig
[09:59] {ese} yes....thats what we like to see....up now
[09:59] {Threei}  takes too long
[10:00] {Threei}  *APRIL LEADING INDICATORS: 1.0% V 0.8%E
[10:00] {Threei}  - prior revised from -0.3% to -0.2% (related SPY SHY EUR/USD )
[10:01] {ese} come on the philly fed gonna burn me......
[10:02] {Threei}  1:1
[10:02] {ese} noooooo.....the q's like all like the play by play
[10:02] {fernp} out HIG ty VAD
[10:02] {Threei}  welcome
[10:03] {Threei}  GERN 1:1
[10:03] {ese} consolidating .40 to .45 pita......
[10:03] {Threei}  HIG 1:2, full out who held part
[10:04] {Threei}  GERN Ticks up on renewed takeover chatter
[10:04] {Threei}  heh
[10:05] {dino} nearest gaps, 8268, 1355, 882
[10:05] {Threei}  (US) Treasury Sec Geithner: Govt bailout program is helping to improve stability of the financial system - House committee testimony
[10:05] {Threei}  - Govt borrowing risks crowding out private investment. (related EUR/USD GBP/USD USD/JPY USD/CHF USD/CNY TLT SHY )
[10:05] {Threei}  HIG, don't do it
[10:05] {Threei}  GERN over 1:2
[10:06] {dino} schw l .00
[10:07] {magoo} out gern .20 TY vad
[10:07] {Threei}  welcome
[10:07] {dino} fast foods holding well
[10:07] {dino} pnra, bwld, mcd, aipfc
[10:07] {magoo} out hig .53 TY
[10:08] {dino} ed's ok too
[10:08] {Threei}  wow
[10:08] {Threei}  you held it this long?
[10:08] {jfjf64} wow wow
[10:08] {Threei}  wait, let me guess
[10:08] {magoo} yup
[10:08] {Threei}  you bought it and fell asleep
[10:09] {ese} i've done that ....
[10:09] {ese} come on wanna cover that gap
[10:10] {ese} stopped 1/2
[10:10] {ese} drys -,10
[10:12] {ese} still holding onto 1 lot
[10:12] {ese} we'll see
[10:12] {Threei}  funny symbol... FUQI
[10:13] {pita} out earlier, watching DRYS w you ese
[10:13] {Threei}  btw, don't get scared now but Prez on TV any minute
[10:13] {Threei}  not on economy
[10:14] {ese} ok
[10:14] {Threei}  SCLN Rodman & Renshaw, Inc. Initiates SCLN with Mkt Outperform, price target: $5 (timing uncertain)
[10:14] {Threei}  - likely pre-open
[10:15] {ese} back long drys another lot .35
[10:15] {dino} nvec
[10:15] {dino} crazyu 5 day
[10:16] {ese} avg price .41
[10:16] {dino} watching, nvec, bwld, gme, bwy
[10:17] {Threei} Long Setup:  STT  .110 break half lot
[10:17] {Threei}  under .95 invalidated
[10:18] {Threei}  let's modify it
[10:18] {Threei}  43 break
[10:18] {Threei}  stop under .90
[10:18] {Threei}  half lot!
[10:18] {magoo} in
[10:18] {Threei}  it didn't break yet
[10:19] {nemo}
[10:19] {ese} am out drys if it breaks .29
[10:19] {ese} doesn't look as though i'm gonna win here
[10:19] {Threei}  and market is still downticking... aggressive entries are recommended if market leads in your direction
[10:20] {Threei}  US House Appropriations Chair: Cannot support the IMF with US funds until Europeans increase their efforts on stimulus (related EUR/USD USD/CHF GBP/USD BUNDS )
[10:20] {Threei}  wow... do I hear common sense coming from House??
[10:20] {ese} thought that what i was doing with drys ...maybe not
[10:21] {Threei}  wasn't addressed to you ese
[10:21] {Threei}  over 1:1 STT
[10:22] {ese} ok.......was still agressive entry .......hanging on by a thread
[10:23] {ese} somtimes you are the bug sometimes you are the windshield.......
[10:23] {ese} out drys .28
[10:23] {pita} splat!
[10:23] {pita} know the feeling well
[10:23] {ese} too funny
[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'
[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'
[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )
[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'
[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'
[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )
[10:24] {Threei}  sorry for double
[10:24] {nemo} vodka in coffee?
[10:24] {Threei}  who DELL intends to take market share back from?
[10:25] {nemo} HP?
[10:25] {Threei}  hard to imagine anyone would buy HP... but whatever
[10:25] {dino} cern
[10:25] {ese} who in the DELL.....interesting way to phrase it
[10:25] {nemo} have one of their laptops
[10:26] {Threei}  GERN lost its mind
[10:27] {Threei}  can I have my .18 sell back?
[10:27] {ese} am gonna keep watching drys gonna give it another shot at 6.50
[10:28] {pita} watching w you
[10:29] {Threei}  STT went over 1:2... mags, what is it you want from it??
[10:30] {ese} 6 is major support for this stock with a 9 target......theres money here somewhere
[10:30] {nemo} yeah, but wouldn't the stop have been moved to b/e after 1:1
[10:30] {Threei}  I just know he is holding itr
[10:30] {nemo} itri?
[10:30] {Threei}  so I am trying to nudge him back into reality
[10:30] {nemo} why? he's never been there
[10:31] {Threei}  but I am still trying
[10:31] {Threei}  I don't give up on people
[10:31] {Threei}  even on magoo
06[10:31] * nemo slaps magoo around a bit with a large dose of Vadreality
06[10:31] * Threei slaps magoo around a bit with a large dose of realty in a bottle
[10:31] {nemo} oh shit
[10:32] {nemo} Funny, never looked for reality in a bottle :)
[10:33] {Threei}  (CA) Canadian Fin Min: Canada is not making preparations to place limits on Credit Card interest rates (related DFS AXP MA V COF )
[10:33] {Threei}  good
[10:39] {dino} sm l bwld .53
[10:44] {dino} intc l .24
[10:53] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[10:58] {Threei}  (US) House Panel reportedly rejects proposed renewable energy legislation with nuclear clauses
[10:58] {nemo} figures
[11:02] {Threei} Short Setup: CAT  .70
[11:03] {nemo} too fast
[11:06] {Threei}  US Treasury Sec Geither: US must implement policies that encourage a sustainable confidence in the USD
[11:06] {Threei}  yes please
[11:12] {magoo} HIG prob good here
[11:12] {nemo} stop
[11:12] {Threei}  not sure mags
[11:12] {magoo} i am
[11:12] {magoo} .15 when i said it
[11:13] {Threei}  good luck then
[11:13] {nemo} hehehehe
[11:16] {Threei}  HIG is kind of 50/50 here mags
[11:16] {Threei}  not a trade I would be willing to put on now
[11:16] {nemo} why 50/50 now?
[11:16] {Threei}  we are 4 for 5, why dive again in that pattern of small stops destroying profits
[11:17] {Threei}  breaking the pattern of lacklustre days I prefer to keep profit and remain on conservative side, especially coming into long weekend
[11:17] {nemo} so, it's not pattern specific?
[11:17] {Threei}  what?
[11:18] {nemo} on HIG
[11:18] {nemo} it's probability?
[11:18] {Threei}  what pattern is that?
[11:18] {Threei}  I see no pattern
[11:18] {nemo} Guess that's the point, just running a channel
[11:19] {magoo} well..financials started a bounce when i called mkts started a slight bounce
[11:19] {magoo} it should be scalpable
[11:19] {magoo} stop .97
[11:19] {Threei}  yes, and add to that the fact that this whole week market tended to fall into random moves after brief period of opening activity
[11:19] {magoo} thinking .47 ecxit
[11:20] {magoo} but heh..who knows..who cares
[11:20] {magoo} take it..scalp it..or stop it:)
[11:21] {magoo} RF moving wfc moving stt moving
[11:21] {magoo} HIG...GET MOVINMG HE HE
[11:21] {ese} out to teach a class catch you all in an hour or so.......i may miss dyrs run
[11:21] {Threei}  we will hold the lid on it ese
[11:21] {nemo} maybe not Magoo though
[11:22] {jfjf64} see ya ese
[11:22] {magoo} ill go long drys ESE, that will hold it down for u
[11:22] {ese} tks vad appreciae that.....oh for sure mags will definately profit at my expense
[11:22] {ese} se what i mean
[11:22] {fernp} I am long drys 6.26 ese
[11:26] {nemo} gold an silver coming back
[11:26] {patience} bought more calls of Goldcorp hour ago
[11:26] {patience} geithner started speaking, pop goes gold
[11:27] {nemo} soon the greenback will only good as toilet paper
[11:27] {nemo} on second thought, won't even be good for that
[11:27] {patience} stop, you'll make vad cry
[11:28] {nemo} why...he's Loonie?
[11:28] {Threei}  give it a 3 seconds thinking
[11:28] {Threei}  not more to avoid crushing headaches
[11:28] {nemo} you told me not to think :)
[11:29] {nemo} Let me stand up and take the pressure off my brain
[11:35] {nemo} Trading tomorrow before the holiday, should be quiet...probably means it won't
[11:37] {dino} snps
[11:38] {jfjf64} 9.00 break  fas   what ya  think  vad
[11:39] {dino} dw
[11:39] {Threei}  nah
[11:39] {Threei}  spiked into 9 from 8.90
[11:39] {Threei}  not without pullback
[11:39] {jfjf64} see that 
[11:39] {Threei}  and come consolidation between these two levels
[11:40] {jfjf64} tkin time  but  see paths  we  tk    ty
[11:41] {magoo} wow
[11:41] {dino} would like to see 1355 and 882 fill
[11:41] {magoo} i had offer out there .47 stt..went get coffee..look at top
[11:42] {Threei}  jeez... you held your STT all this time?
[11:42] {magoo} no
[11:42] {magoo} reentered on hig call
[11:42] {Threei}  okay
[11:42] {magoo} btw..hig working
[11:44] {magoo} .16 cents HIG
[11:44] {magoo} no complaints
[11:45] {jfjf64} goota  run   see  ya  guys  in  little
[11:45] {Threei}  tak care jf
[11:48] {dino} cya jf
[11:50] {pita} gotta go, happy huntin'
[11:51] {Threei}  pita :)
[11:52] {Threei}  dino
[11:52] {Threei}  it's offical: we are in minority
[11:52] {dino} cya pita
[11:52] {Threei}  55% Back Higher Fuel-Efficiency Standards  Even If Car Costs More
[11:52] {dino} yeah, but 85% will not buy them
[11:52] {Threei}  true
[11:53] {Threei}  yapping and acting are two different things
[11:53] {dino} hey, i'd like more efficiency, but i'm not sizing down for 5 extra miles/gallon
[11:55] {Threei}  AUY did it, but I'll be damned if I could read that move i=on intraday
[11:56] {nemo} slw on break of .45?
[11:57] {Threei}  by chart yes
[11:57] {Threei}  problem is, these names do not really trade on their own merits
[11:57] {Threei}  they follow gold/silver
[11:57] {Threei}  and I don't have read on those
[11:58] {nemo} where's patience?
[12:01] {dino} sm l dw .75
[12:04] {patience} where's nemo?
[12:04] {nemo} swimming
[12:04] {nemo} poking cyclops eye out
[12:05] {dino} who's nemo?
[12:05] {nemo} what's a matador?
[12:06] {dino} what's on second
[12:08] {Threei}  GM Reportedly UAW reaches agreement with the US Treasury and GM; includes modifications to labor contracts and to VEBA trust (related F.IT F )
[12:09] {dino} ddrx
[12:09] {dino} these coffee co. are wierd
[12:11] {magoo} hey look HIG
[12:11] {magoo} out
[12:12] {magoo} [11:19] {magoo} thinking .47 ecxit
[12:17] {Threei}  good job
[12:26] {Threei}  how do finnies stay near highs while market goes for breakikng the lows?
[12:27] {magoo} thgey are if mkts ripped up..the would too
[12:27] {Threei}  that's a very strange divergence
[12:35] {nemo} and this market is normal?
[12:38] {dino}  as normal as it will be for a long time
[12:39] {dino} in my opinion, te difference is the internet, as in everything happens instantly. nobody waits for the news paper to read and think about it anymore
[12:39] {Threei}  I don't know whether there is such thing as normal market
[12:39] {Threei}  it's just a matter of adaptability
[12:39] {dino} therefore reactions are fast, furious, and overreations
[12:40] {Threei}  DRYS is finally showing signs of life
[12:40] {Threei}  LVS Plans to officially open Bethlehem, PA casino 5/22
[12:41] {dino} lots of casinos close to me all of the sudden
[12:44] {dino} ctxs
[12:47] {Threei}  AMGN Teva files patent complaint against AMGN, claiming Sensipar uses a Teva patent
[12:49] {Threei}  hitting day low
[12:49] {ese} i'm back....and missed drys to boot
[12:49] {Threei}  .10 break is worth a try short
[12:49] {Threei}  if stays under .20
[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA
[12:50] {chinggis} sorry what stock vad?
[12:50] {dino} 12:50 bounce time
[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA; to open doors May 22
[12:50] {Threei}  - will debut with 3,000 state-of-the-art slot machines and a variety of dining and entertainment opt...more...
[12:50] {Threei}  AMGN chinggis
[12:50] {chinggis} ty
[12:56] {ese} auchhh nu aye!!!!   i've gotta stop this workin for a's pains me to see drys like this....
[12:56] {Threei}  lol
[12:57] {ese} if it goes past .75.....who knows where it will end
[12:57] {dino} zzzzzzzzzzzzzzzzzz
[12:58] {ese} how bout CEPH dino
[12:58] {ese} long at 60........
[12:59] {Threei}  no go AMGN
[13:00] {dino}  nice entry
[13:00] {ese} lets have a look then
[13:01] {dino} bwy app. lod, thin
[13:01] {ese} entrez vouszz  where vad
[13:01] {Threei}  huh?
[13:01] {nemo} ceph vad
[13:01] {ese} amgn
[13:01] {nemo} he shorted ese
[13:02] {Threei}  I am beyond lost
[13:02] {Threei}  I'll leave it to you to sort out that dialog
[13:02] {ese} oh that wrong
[13:02] {dino} stay w/us vad, lol
[13:02] {Threei}  not easy dino, not easy :)
[13:02] {ese} when you said no...go amgn....i thought you were talking to me to consider amgn
[13:03] {nemo} You talkin' to me?
[13:03] {dino} sometimes i expect too much
[13:03] {ese} drys ...ever=ready battery
[13:04] {ese} wheres pita.....did he do anything with drys
[13:05] {ese} auy mosied on up there as well
[13:05] {nemo} and slw
[13:08] {ese} ok dino am considerin 1/2 Ceph at .00
[13:08] {ese} with the price target lowered to 80 from's gotta be a sure's just gotta
[13:09] {ese} well that attempt at a joke went over like a lead balloon
[13:10] {patience} tough crowd ese    :)
[13:10] {Threei}  going to try FAZ .43
[13:11] {ese} no kidding
[13:12] {ese} how many vad......gonna with ya
[13:13] {Threei}  stop under .35, so calculate your size from it
[13:13] {nemo} kneeslapper ese
[13:15] {dptl} .
[13:15] {dptl} test
[13:15] {Threei}  passed
[13:15] {ese} in .4298
[13:17] {ese} hmmmmmm
[13:19] {Threei}  some youthful enthusiasm all of a sudden
[13:19] {ese} out .47 +.05 and a bit
[13:20] {Threei}  oh come on
[13:20] {dptl} so wierd ..i lost connection to everything but the room
[13:20] {Threei}  no faith whatsoever
[13:20] {Threei}  see dp... gods want you to listen to us only
[13:20] {ese} had too many shs.......05 is good
[13:20] {Threei}  no porn... no quotes
[13:21] {Threei}  too many - 50K?
[13:21] {nemo} vad, he probably had 20000 of the little buggers
[13:21] {ese} no quite
[13:21] {Threei}  offering .51
[13:21] {ese} 5k
[13:21] {Threei}  my a$$ is out
[13:21] {Threei}  5K too
[13:22] {ese} no sense in being greedy now
[13:22] {ese} nice move though
[13:23] {Threei}  5 out of 7 if my math is right
[13:23] {Threei}  much better day than first three
[13:23] {nemo} 3 more calls you'll have to take your shoes off
[13:23] {Threei}  adjusting is happening
[13:24] {Threei}  US Transportation Sec Lahood: US will not increase gas tax this year
[13:24] {Threei}  no?
[13:24] {Threei}  odd
[13:24] {nemo} don't worry, the states will
[13:24] {Threei}  I thopught "increase tax" is new prosperity mantra
[13:24] {ese} just lookin at it it's .04 and a bit not 5
[13:24] {nemo} politician prosperity mantra
[13:24] {Threei}  applicable at all levels, to all goods and services
[13:25] {Threei}  universal
[13:25] {Threei}  tax'em all, and let nobody feel forgotten
[13:25] {nemo} comrade
[13:26] {ese} ahh   wait a minute some did get filled at .42,,,.04 and a bit for some ,05 for some hmmm
[13:26] {Threei}  lol
[13:26] {Threei}  ese... you are as bad at math as any musician
[13:27] {Threei}  ask me how I know
[13:27] {ese} quick scalp trade....anything i could have done to improve that vad
[13:27] {ese} how do you know
[13:28] {Threei}  my wife's math skills lead her to conclusion that she is half my age
[13:28] {ese} ha ha
[13:28] {nemo} my grandmother was 29 for 43 years
[13:28] {ese}  i've been 52 for at least 8 years
[13:29] {Threei}  PIMCO's Gross attributes recent weakness in Bonds, USD, and Stocks due to fears US loses AAA rating
[13:29] {ese} no wait a minute i am 52....that means i got here sooner
[13:29] {nemo} Captain Obvious
06[13:29] * nemo gives vad a tissue
[13:29] {Threei}  it's a pure personal tolerance matter ese... I felt FAZ had some momentum, enough to overcome .50
[13:29] {Threei}  so I offered .51
[13:30] {Threei}  and I hated my performance over last three days so much that I flet I could press just a tad more on a first day when I finally start getting it right
[13:31] {Threei}  I am not pressing in a sense of trying to be overly active yet,
[13:31] {ese} was it prints you were looking at
[13:31] {ese} gave you that feeling
[13:31] {Threei}  but when a trade started moving, at least holding for 1:1 made sense to me :)
[13:31] {Threei}  whole anchilada... look at 1 min
[13:31] {ese} yes i should have done that for sure
[13:31] {Threei}  ascending channel established from 12:00
[13:32] {Threei}  higher lows,
[13:32] {Threei}  flat top around .40 - .42,
[13:32] {Threei}  break of it is entry signal,
[13:32] {ese} hmmm that i'm looking at it
[13:32] {Threei}  volume started increasing toward this break
[13:33] {Threei}  thick stocks rarely trade straight up or down, it's always uptick/downtick,
[13:33] {Threei}  this one after the break started making 3 upticks/one downtick dance
[13:33] {Threei}  so... kind of working
[13:33] {Threei}  I let it work
[13:33] {ese} ya ...i'm not use to that an uneasy feeling....
[13:34] {ese} call it lack of experience
[13:35] {ese} faz is thick for sure 222,000,000 shs to this point
[13:41] {ese} if fitb gets into that 5 to 6 range.....i'll be thinkin about playing it steady again
[13:42] {Threei}  nice retreat there
[13:42] {Threei}  HBAN too
[13:44] {ese} ya ...when it went haywire gapping up like it did.....i lost touch.....really couldn't tell what it was going to do next
[13:45] {ese} looks like it is coming back down to sanity
[13:56] {ese} outta here until's the job thing....would rather be hangin with you all ...take care
[13:57] {fernp} bye ese
[13:59] {dino} cya es
[14:07] {Threei}  PIMCO's BIll Gross: US and UK debt levels moving in wrong direction; not suggesting an imminent US downgrade - CNBC interview (related TLT SHY IEF EUR/USD )
[14:08] {dino} s/p filled
[14:10] {dino} -4% dji, ndx, s/p from yesterday hod
[14:11] {Threei}  starts feeling like crash coming
[14:12] {nemo} short everything?
[14:12] {Threei}  excpet FAZ, QID, SRS etc
[14:12] {nemo} and gold
[14:15] {patience} nope, not gold
[14:16] {nemo} exception patience, sorry if I wasn't clear
[14:16] {Threei} Long Setup:  QID  .70 break half lot
[14:16] {Threei}  if holding above .60
[14:16] {Threei}  if losing it, watch for bounce off .50
[14:16] {patience} i got it nemo   :)
[14:17] {dino} ndx filled
[14:20] {dptl} stopped
[14:22] {dptl} sigh...can't beleive this
[14:22] {Threei}  ?
[14:22] {dptl} got out .69
[14:22] {Threei}  I newver saw it losing .60
[14:23] {dptl} .59 sorry
[14:23] {dptl} i got filled at .59
[14:23] {Threei}  I saw prints out of bounds
[14:23] {Threei}  bid never went under .60
[14:24] {dptl} can't understand this ...i saw .59 and punched..
[14:26] {dptl} oh well the whole week is crap..for me and today i managed to pick all losers :cat amgn take a break
[14:30] {nemo} and I having same run...I started taking week off yesterday, comeback after holiday.
[14:30] {dptl} is it long weekend?
[14:30] {nemo} Memorial Day
[14:31] {dino} monday, no mkt usa
[14:31] {nemo} correct
[14:31] {jfjf64} cat  on  low  of  day   looks  want  to go lower  any read vad
[14:31] {dptl} ok ty
[14:31] {Threei}  everything looks like crashing to me jf
[14:31] {Threei}  that's why I took QID lng
[14:31] {Threei}  long
[14:32] {nemo} [14:11] {&Threei}  starts feeling like crash coming
[14:32] {nemo} [14:12] {nemo} short everything?
[14:32] {nemo} [14:12] {&Threei}  excpet FAZ, QID, SRS etc
[14:32] {nemo} [14:12] {nemo} and gold
[14:32] {nemo} [14:15] {patience} nope, not gold
[14:32] {nemo} [14:15] {nemo} exception patience, sorry if I wasn't clear
[14:32] {jfjf64} just got bk   ty
[14:33] {Threei}  NY: Fed: Dealers submit $13B in 28 day, $75B TSLF auction; $13B accepted; bid to cover ratio 0.17
[14:33] {Threei}  - Stop out rate 0.25%
[14:34] {dino} feels up to gut
[14:34] {Threei}  no crash
[14:34] {Threei}  upticking instead
[14:34] {Threei}  shrug
[14:41] {Threei}  .50 provided nice entry
[14:42] {Threei}  anyone went for it?
[14:45] {dino} nseems i was wrong
[14:46] {jfjf64} nice  read  qid
[14:47] {jfjf64} took  a little  time
[14:47] {jfjf64} wish  i got  involved
[14:47] {Threei}  you didn't short CAT?
[14:47] {Threei}  gave scalp from your mention
[14:48] {jfjf64} did   .58    
[14:48] {jfjf64} half  out .49
[14:49] {dino} 8200 has held since 05-02
[14:53] {Threei}  will try FAZ .70 if holding above .65
[14:54] {Threei}  jf, CAT stop .61 now?
[14:54] {jfjf64} ty
[14:54] {Threei}  feels to me like nice whoosh is coming
[14:55] {Threei}  I wouldn't be in hurry to cover if I were you
[14:58] {jfjf64} .55 took cover   holdin last quarter
[15:02] {jfjf64} .61 last   out
[15:03] {dino}  we are oppisites 3i
[15:03] {dino} wow spelled that off
[15:03] {Threei}  lol
[15:03] {Threei}  opposites complement and balance out each other
[15:03] {dino} lol
[15:10] {jfjf64} ya qid  marcin  again
[15:19] {Threei}  WFC...
[15:19] {dino}  ceph
[15:19] {Threei}  if market is trying for bounce, this one should be able to go to .50 - .60 area
[15:20] {Threei}  trying to find an entry
[15:20] {dino} ogxi continues up
[15:21] {Threei}  that one has no slightest connection with relality
[15:21] {Threei}  it gravity
[15:21] {Threei}  or this univesre
[15:23] {Threei}  ok... .30 break WFC if holding .25
[15:23] {Threei}  invalidated
[15:24] {Threei}  .20 is nice support though
[15:24] {Threei}  so, .25 break if ho,lding above .20
[15:25] {Threei}  ehatever
[15:25] {jfjf64} hmm
[15:27] {Threei}  look at OGXI spreadd
[15:29] {dino}  lol
[15:30] {Threei}  dino... market will prove both of us wrong
[15:30] {Threei}  will just stay here
[15:30] {dino} bidders
[15:31] {Threei}  rug pullers come next
[15:31] {dino} no, an ice cold beer is coming next
[15:32] {nemo} shot of vodka for me on the way out the door gnite maybe cya tomorrow
[15:32] {magoo} i hope so dino.i hope soo
[15:32] {dino} gn nemo, have a good one
[15:34] {Threei}  great... all QFC entries that never triggered and got invalidated, would have been profitable now, lolk
[15:34] {Threei}  WFC that was
[15:38] {dino} wow ogxi put on 2 pts since i said the name
[15:42] {Threei}  what's with GM sudden;y?
[15:45] {dptl} have a good evening all
[15:45] {Threei}  take care dp
[15:46] {dino} cya dp
[15:46] {dino} out intc .17 -.08
[15:46] {dino} -.07 i mean
[15:49] {dino} dw to .59
[15:53] {Threei}  can't believe WFC
[15:54] {Threei}  after all, it was "just close your eyes and buy"
[15:56] {dino} out dw .65, -.10
[16:00] {dino} out schw .80 -.20
[16:00] {Threei}  okay guys
[16:00] {Threei}  aside of this huge missed WFC move, more satisfied with today
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {magoo} nite all
[16:02] {dino} gn all

Wednesday, May 20, 2009

May 20 2009

The same pattern third day in a row: a few nice wins, a few stops, could have slept in just as well. Not many setups end in follow through instead of shakeout.

Session Time: Wed May 20 00:00:00 2009

[07:14] {nemo} morning vinod
[08:00] {magoo} morning
[08:00] {nemo} magus
[08:01] {magoo} BAC was aws low as 10.54 last nite
[08:02] {nemo} yes...all financials popped
[08:04] {Threei}  good morning
[08:05] {Threei}  EGLE baby
[08:06] {magoo} u in and where?
[08:06] {magoo} morning:)
[08:07] {Threei}  [15:55] {Threei} okay guys, taking that leftover of EGLE home
[08:19] {magoo} u looking at anything to trade pre mkt vad?
[08:21] {Threei}  well... looking around, will say if something looks anywhere near attractive
[08:24] {magoo} any read here bacon?
[08:29] {magoo} man..only 14k volume and EGLE hit 7.90
[08:31] {Threei}  and I am not selling until 8
[08:32] {Threei}  or more
06[08:32] * nemo slaps Threei around a bit with a large roll of cash
06[08:32] * nemo slaps Threei around a bit with a large trout
[08:32] {Threei}  told you, 8 was written all over it
[08:35] {magoo} yea..prob is where can i get in without being beheaded/ i dont hold overnite
[08:40] {fernp} good morning everybody
[08:40] {Threei}  fern :)
[08:42] {Threei}  Shares of DSX, EGLE, GNK raised to Buy from Hold at a boutique firm
[08:47] {Threei}  OK... out EGLE .85
[08:47] {Threei}  +.55
[08:47] {nemo} Thought you were waiting for 8?
[08:48] {Threei}  plans change
[08:49] {Threei}  seems to stall
[08:49] {Threei}  knowing its charracter I rather prefer to let go and look for reentry
[08:49] {nemo} twice is twice
[08:55] {pita} gm everyone
[08:55] {Threei}  pita :)
[09:06] {ese} good morning
[09:07] {Threei}  ese :)
[09:07] {ese} things lookin up this morning
[09:09] {ese} we'll see how drys performs......will probably dump my remaining monday position
[09:10] {Threei}  in case you missed it, I sold my EGLE at .85
[09:11] {ese} nice.....this morning during premarket
[09:11] {Threei}  yeah
[09:11] {ese} dare i ask how many?
[09:11] {Threei}  remainder from yesterday's entry at .30, 600
[09:12] {Threei}  sold part yesterday
[09:12] {Threei}  kept overnight little bit
[09:12] {ese} nice to start a day with a profit in your pocket
[09:14] {ese} well lookee here....just as were talking about bulk carriers OCNF hits my screen
[09:14] {Threei}  break over 2 looks significant for it
[09:15] {Threei}  was important resistance
[09:15] {ese} yes
[09:15] {Threei}  COIN Announces $2.1M Registered Direct Offering of Common Stock; Proceeds to Be Used to Retire Debt
[09:16] {jfjf64} mornin
[09:16] {Threei}  jf :)
[09:18] {ese} jf
[09:20] {nemo} mags, where's dino?
[09:20] {dptl} good morning all
[09:21] {cosmo} BEXP needs to fill a gap 3.50  i would think...
[09:21] {Threei}  dp, cosmo :)
[09:21] {cosmo} 3i:)
[09:23] {Threei}  California Treasurer Lockyer: Looking for a backstop from the US government, notes the state needs to cut $20B from budget by June 1
[09:23] {Threei}  Preview: Treasury Secretary Geithner scheduled to testify on TARP before the Senate Banking Committee at 9:30amET
[09:24] {ese} thats Arnolds salary isn't problem
[09:25] {ese} just don't take it from Disneyland until after we go....
[09:25] {dino} gm all
[09:25] {dino} isis?
[09:26] {magoo} vad..lets keep eye on CAT today
[09:27] {ese} dino
[09:27] {dino} gm es
[09:27] {Threei}  dino :)
[09:28] {Threei}  why mags?
[09:28] {nemo} dino
[09:29] {magoo} got a feeling
[09:29] {Threei}  my EGLE sell at .85 starts looking pure genius
[09:30] {nemo} How's the shoulder?
[09:30] {nemo} jeez
[09:30] {Threei}  sheesh nemo... it's just a setup to say "now it looks very stupid:" whne it hits 8
[09:31] {nemo} Ohhhhhhhh
[09:31] {nemo} our humor is so jaded around here
[09:31] {Threei}  BAC CEO Lewis: Expects to see more merger activity in banking sector; BoA has enough on its hands for the mome
[09:33] {ese} L OCNF .97
[09:34] {Threei}  WFC
[09:34] {Threei}  this pullback for long
[09:34] {Threei}  half lot .90 break
[09:34] {Threei}  stop under .85
[09:34] {Threei}  .80 sorry
[09:35] {nemo} in
[09:35] {dptl} in
[09:35] {magoo} in
[09:37] {Threei}  half out
[09:37] {Threei}  26
[09:38] {fernp} out, ty Vad
[09:38] {magoo} u like EGLE down here?
[09:38] {Threei}  out in full 26.10
[09:39] {Threei}  not sure mags
[09:41] {Threei}  CAT
[09:42] {dptl} ty wfc all out
[09:42] {Threei}  welcome
[09:42] {ese} opps sorry forgot to say ...out ocnf  .05 +.07
[09:45] {Threei}  BRCM, lookinf for pullback entry
[09:46] {Threei}  jumped...
[09:46] {pita} CAT too
[09:48] {Threei} Long Setup:  SOLR  6.31
[09:48] {Threei}  stp under .20
[09:48] {nemo} jumpe
[09:48] {nemo} jumped
[09:49] {dino} brc, adi
[09:49] {magoo} missed that
[09:49] {dptl} ya me too
[09:49] {Threei}  EGLE exit still looks good
[09:49] {magoo} caught CAT off vads mention tho @ 38
[09:49] {magoo} oout ..34
[09:49] {magoo} TY
[09:49] {dino} epiq
[09:50] {Threei}  SOLR over 1:1 in an unlikely case anyone got it
[09:50] {magoo} out .36  i mean
[09:50] {magoo} wish i had
[09:50] {ese} thought about it  but thats it
[09:51] {nemo} had already jumped when I got it on screen
[09:52] {jfjf64} de
[09:52] {chinggis} DRYS vad?
[09:52] {Threei}  JNPR, looking for pullback to or under 23 for wentry
[09:52] {ese} L CENX .11
[09:53] {Threei}  not sure chinggis... don't like its weakness while market goes
[09:53] {chinggis} ok ty
[09:54] {Threei}  CAT Update: North American dealer sales -51% from 3 months to April ; Global dealer sales -39%- filing
[09:54] {ese} out cenx .18 +.07
[09:54] {Threei}  JNPR, if market spikes, .15 break is valid play as well, just a bit more risky
[09:56] {jfjf64} nice  puulback  de   ??
[09:57] {Threei}  too jumpy jf, no read
[09:57] {jfjf64} ty
[09:57] {Threei}  (US) Treasury Sec Geithner: Unwinding government interventions is a big challenge, not time to withdraw interventions quite yet - Senate testimony
[10:00] {Threei} Long Setup:  SOLR  .45 break
[10:00] {Threei}  if stays above .35
[10:01] {dptl} in
[10:01] {nemo} in
[10:02] {magoo} in
[10:02] {ese} missed it
[10:02] {Threei}  JNPR chose break
[10:02] {magoo} in .15
[10:02] {Threei}  stop for scalpers .08
[10:03] {nemo} missed
[10:03] {Threei}  for daytraders under 23
[10:03] {nemo} look at big order @ .51 on solr
[10:07] {nemo} stopped solr
[10:07] {dptl} stopped solr
[10:09] {dino} itri at it again
[10:10] {jfjf64} this jnpr   want to  explode
[10:10] {jfjf64} market help
[10:10] {jfjf64} pull back  cat  vad
[10:12] {Threei}  knowing how it pulls back, I would prefer to see it near .40 to get excited
[10:12] {jfjf64} ty vad
[10:13] {magoo} GE bounce vad?
[10:14] {ese} you in itri dino
[10:15] {Threei}  well, if market picks up .26 long mags
[10:15] {Threei}  with stop under .20
[10:15] {magoo} ok
[10:15] {Threei}  I would prefer deeper pullback
[10:16] {ese} 1/2  L itri 
[10:16] {ese} .45
[10:17] {ese} out itri .-72
[10:17] {nemo} -72 ese?
[10:17] {ese}  .72 
[10:18] {ese} just popped up there so i took it
[10:18] {ese} +.27
[10:20] {ese} must have been an avg price....i didn't even see a print for .72
[10:20] {dino} sm s brc .42
[10:21] {ese} dino you L itri
[10:21] {Threei}  JNPR 1:1 for scalpers
[10:21] {dino} not yet es
[10:21] {fernp} out. ty very much
[10:21] {dino} short in at 59.50 sm
[10:22] {ese} went L .45 out .72   it's till climbing
[10:22] {dino} gj
[10:23] {dino} thing was +7 yesterday
[10:23] {dino} getting a bit overdone imo
[10:23] {ese} i'll say
[10:24] {magoo} out jnpr .25 TY vad
[10:24] {ese} let me see......25000 shares  hmmmm +7......just kidding
[10:24] {Threei}  sure
[10:24] {Threei}  frikin CAT
[10:24] {dino} dji may highs
[10:25] {jfjf64} yikes
[10:25] {magoo} yea CAT..coulda made my day
[10:25] {fernp} BAC breakout, Vad?
[10:26] {Threei}  .25...
[10:26] {Threei}  let's see where it bottoms out on this pullback
[10:26] {Threei}  to place stop
[10:26] {fernp} ok
[10:28] {jfjf64} cat  pullback??
[10:28] {jfjf64} lk rollin  dice  correct
[10:30] {Threei}  *DOE CRUDE: -2.1M V -1.2ME; GASOLINE: V -1.2ME; DISTILLATE: V +1ME; CAPACITY UTILIZATION: % V 84.1%E - Distillate demand K bpd to M bpd
[10:31] {Threei}  CAT moves with market but doesn't give much of delay for entry
[10:31] {Threei}  .10 worth a try
[10:31] {Threei}  if holding above 39
[10:31] {jfjf64} k
[10:31] {Threei}  GASOLINE:-4.3M V -1.2ME; DISTILLATE:+670K V +1ME;
[10:32] {dino} sm s adi .61, stop .91
[10:32] {ese} L dell .54
[10:32] {ese} stop .44
[10:35] {Threei} Short Setup: KLAC  .70
[10:35] {Threei}  if stays below .80
[10:36] {dino} gremlins are back, have to shut down trade computer
[10:36] {nemo} what's happening Dino?
[10:37] {dino} email envelopessaying my message was unable sent. thing is i do not use email on this computer
[10:37] {nemo} do any surfing?
[10:38] {nemo} sounds like it's part of a bot net
[10:38] {nemo} in
[10:38] {dptl} in klac
[10:40] {dino} brc stopped -.31
[10:44] {ese} to the well too many times maybe this morning.....Dell not workin for me
[10:44] {ese} oop wait a minute
[10:45] {dptl} stopped klac
[10:45] {nemo} stopped klac
[10:45] {Threei}  JNPR 2 cents of 1:1 for daytraders
[10:46] {Threei}  let's exit it
[10:46] {Threei}  market becomes this "aimless up and down" again
[10:46] {ese} agreed
[10:46] {Threei}  don't want to let it slip away
[10:47] {ese} indeed
[10:48] {Threei}  look at it dropping
[10:51] {ese} du du du du ......come on dell.....
[10:51] {dino} adi stopped -.30
[10:54] {Threei}  GM Cuts Canadian dealerships by 42%
[10:54] {ese} plant closures?
[10:57] {jfjf64} any  read  cat  
[10:58] {Threei}  .50 is natural support for it
[10:58] {Threei}  let's see what market does when CAT approaches it
[10:58] {Threei}  need market help, CAT mostly moves with it
[11:00] {Threei}  jumped with not much chance for entry
[11:00] {jfjf64} mind  of its own
[11:01] {nemo} mmhhh fas and wfc going south...all financials going south
[11:02] {Threei} Long Setup:  EGLE  .56 if stays above .50
[11:03] {dptl} in
[11:03] {nemo} in
[11:04] {magoo} in
[11:05] {jfjf64} cat
[11:09] {Threei}  market is losing support
[11:09] {nemo} get out of egle?
[11:09] {Threei}  that's personal call
[11:11] {Threei}  if market breaks dow, CAT .50 break is tempting short
[11:12] {jfjf64} in .47
[11:12] {ese} out dell .48 -.07..........gonna wait the market oout a little
[11:13] {jfjf64} yikes
[11:17] {Threei}  cover half CAT here
[11:17] {jfjf64} yes
[11:18] {Threei}  sharp drop, scalpers exit
[11:18] {jfjf64} .39
[11:18] {dino} back
[11:19] {Threei}  took a w(h)ile dino...
[11:19] {dino} ok, on other system, s brc .60; s adi .99
[11:19] {Threei}  computer's OK?
[11:19] {dino} epiq taunting me
[11:19] {jfjf64} .43  remainder
[11:19] {dino} watching t
[11:20] {dino} we'll find out 3i, full scan, 5 threats, resolved, i hope
[11:20] {Threei}  SEC votes 3-2 to give investors greater proxy access
[11:21] {nemo} does egle become a short if it loses .50?
[11:21] {Threei}  cover CAT in full
[11:21] {nemo} sout egle
[11:22] {Threei}  +.30
[11:22] {dptl} sigh...stopped egle
[11:23] {Threei}  wow, even that cover was oo soon
[11:25] {dptl} well....looks like i am done for the day again :(
[11:25] {Threei}  didn't take CAT dp?
[11:26] {dptl} was it a call? CAT .50 break is tempting short
[11:27] {dptl} i thought its just tempting lol
[11:27] {Threei}  sheesh
[11:27] {Threei}  I am retiring
[11:27] {Threei}  you guys only need color alert to consider a tarde, not looking at the chart?
[11:28] {Threei}  then I do more damage to your trading than help it
[11:28] {nemo} calling me a tarde?
[11:28] {Threei}  you may like the trade or not, no problem with that
[11:28] {Threei}  but to skip it only because there was no color alert, this I don't get
[11:29] {jfjf64} red light  green light 123   lol
[11:29] {Threei}  yeah
[11:31] {dptl} could not take it anyway ,was in egle alredy,and want to stay within my risk limit for the day
[11:32] {jfjf64} got to  run    be  back  later
[11:33] {dino} cya jf
[11:35] {Threei}  JNPR was capable of more...
[11:35] {nemo} egle vad
[11:35] {Threei}  and frikin KLAC was a shakeout job
[11:36] {dino} isle
[11:36] {dino} wynn too
[11:37] {dino} adi stuck bstop to .06
[11:38] {dino} sm l mygn .90, stop lod
[11:42] {ese} nice exit from dell on my part.......
[11:43] {nemo} how's your shoulder ese?
[11:43] {ese} i take  $200 loss big deal.......
[11:43] {ese} still sore
[11:43] {nemo} cortisone shot...take a few days off from the skins
[11:44] {ese} tried to hit some balls on the weekend but had to stick with drivers
[11:44] {ese} no cortisone for me
[11:45] {ese} Melvin Franklin of the Temptations died from too many of those shots
[11:48] {dino} sm s itri .50, wide
[11:56] {dino} snda drop
[11:59] {pita} later all
[11:59] {Threei}  take care pita
[12:02] {dino} cya pita
[12:14] {dino} brc to b/e
[12:15] {dino} thing won't drop
[12:15] {Threei} Long Setup:  CAT  .40 break
[12:15] {Threei}  if stays above .30
[12:18] {Threei} Short Setup: OGXI  .70 - .80 area small shares, stop above 14
[12:19] {Threei}  small shares, volatility is huge
[12:21] {dino} cov itri .00, +.50
[12:27] {dino} adi bstop to .75
[12:28] {dino} stopped adi, +.25
[12:28] {Threei}  let's trail CAT to .34
[12:34] {chinggis} Vad any read on THC?
[12:34] {Threei}  not really
[12:34] {chinggis} ok ty
[12:34] {Threei}  bidding OXGI .35
[12:35] {Threei}  timely tightening on CAT
[12:35] {nemo} lunch timely :)
[12:35] {dino} cov brc .31, +.29
[12:38] {Threei}  100 filled
[12:38] {Threei}  200 left
[12:38] {Threei}  come on unknown seller
[12:39] {Threei}  100 more
[12:39] {Threei}  100 left
[12:39] {Threei}  done
[12:39] {Threei}  +.40
[12:39] {nemo} amazing how much the spread tightened
[12:39] {nemo} now spread back out
[12:40] {nemo} You should go into bomb disposal
[12:44] {Threei}  RGLD Announces Reserve Increases - Gold reserves +30% to 64.2M ounces
[12:59] {Threei}  BAC refuses to sell with market and FAS
[12:59] {Threei}  interesting
[13:00] {nemo} see what selling 1.25 billion shares can do for you
[13:01] {Threei}  .60 break becomes menaingful trade
[13:02] {Threei}  stop under .55
[13:04] {nemo} stop
[13:04] {Threei}  to quote dp earlier, "sigh"
[13:08] {nemo} mygn Dino
[13:14] {dino}  stopped out .63 nemo
[13:15] {nemo} looks like it might be bottoming though
[13:22] {dino} gremlins back, out for awhile
[13:29] {chinggis} drys
[13:38] {Threei}  Preview: Minutes of the April 29 FOMC meeting and Fed's revised quarterly economic forecast due out at 2pmET **The main focus will likely be on any discussion of future plans for the timing and scope of furthe
[13:42] {Threei}  9.40 break FAS was standard play
[13:42] {Threei}  now... after so many of those not qworking,
[13:42] {Threei}  how do you go for another one?
[13:52] {Threei}  BAC forms another ascending triangle for .60 break
[13:52] {Threei}  decide if you are willing to try
[13:52] {magoo} .59
[13:54] {jfjf64} in.61
[13:58] {jfjf64} ton shares .56
[13:58] {Threei}  every level has tons
[13:59] {jfjf64} y
[14:00] {Threei}  don't pay attention to those levels on such thick stocks on level 2
[14:00] {Threei}  they have no significance
[14:00] {jfjf64} need  market  help   fas  
[14:01] {Threei}  *MINUTES OF APRIL 29 FOMC MEETING/FED FORECAST: SAW POTENTIAL TO BUY MORE ASSETS; see a deeper recession in 2009, slower recovery in 2010
[14:01] {Threei}  -0 Housing may be nearing a trough, with housing prices slow
[14:01] {Threei}  - GDP 2009 -1.3- to -2.0
[14:01] {jfjf64} stoped
[14:03] {magoo} yup
[14:09] {Threei}  US House reportedly approves credit card bill
[14:10] {Threei}  interesting how all this hoopla around credit cards doesn't really affect AXP or V prices
[14:11] {nemo} those bills don't take effect for a year after they're signed
[14:18] {dino} mygn nemo you were right
[14:18] {nemo} broken clock moment
[14:19] {nemo} except it had that shakeout above the lod before going higher.  Been a lot of shakeouts lately
[14:21] {Threei}  a lot?
[14:21] {Threei}  I'd say nothing but shakeouts
[14:21] {Threei}  those trades that worked almost seem like accident
[14:21] {nemo} I try not to be so absolutist
[14:21] {nemo} Yeah, always one shakeout early
[14:24] {Threei}  I intend to try GERN .77
[14:24] {magoo} is it a mover?
[14:24] {magoo} or slow?
[14:24] {nemo} O.K. what movie?  "No try, do or not do."
[14:24] {Threei}  you don't remember GERN?
[14:25] {dino} bwld stop to .92
[14:25] {magoo} nope
[14:25] {Threei}  wow... that redefines "day trader's memory"
[14:26] {Threei}  stop under .65, if doesn't resolve today will be willing to hold
[14:26] {dino} out bwld ave.93, +.33
[14:27] {nemo} don't remember you going in Dino
[14:28] {dino} when gremlins hit, switched systems
[14:28] {dino} had to cut off room
[14:28] {Threei}  what's with PEGA?
[14:28] {nemo} forgot about snda
[14:28] {Threei}  don't see any news
[14:28] {dino} also took idcc .25l, t .44 l, bwy .14 l sm
[14:29] {nemo} looks like pega might become icarus
[14:29] {dino} cgrb
[14:38] {Threei}  PALM BBY notes that may run out of Palm Pre in first week
[14:39] {Threei}  limited supply in first two months due to limited supply
[14:39] {Threei}  nice explanation
[14:39] {dino} lol
[14:40] {Threei}  reminds me my secretary back in Ukraine,
[14:40] {Threei}  being late for work she explained:
[14:40] {nemo} Reminds me of Governor Lepetomaine
[14:40] {Threei}  I left home too late,
[14:40] {Threei}  and when I asked why she didn't leave home earlier, she said:
[14:40] {Threei}  it was too late to leave earlier
[14:41] {nemo} Hey Dino, remember this line:  "Governor, think of your secretary"
[14:42] {dino} itri hod
[14:42] {dino} no
[14:42] {nemo} Blazing Saddles
[14:43] {dino} don't remember much of that one
[14:44] {nemo} me neither, just a few
06[14:45] * Threei kicks GERN in the rear
[14:48] {Threei}  did I kick it in the wrong side?
[14:49] {nemo} right at resistance
[14:49] {Threei}  I don't see much resistance up to 7
[14:50] {Threei}  6.85 is minor one
[14:50] {Threei}  rather fluke
[14:50] {Threei}  Update: US Govt has cleared California to receive $8B in stimulus for Medicaid - LA Times
[14:50] {nemo} yes.  window on daily chart between 6.92 and 7.10
[14:51] {Threei}  REDF Ticking higher on takeover chatter circulating
[14:51] {Threei}  Indian company
[14:51] {nemo} internet I believe
[14:52] {dino} sm s itri .96
[14:53] {dptl} have a good evening all....
[14:53] {Threei}  GERN baby
[14:53] {Threei}  let's tag that 7
[14:53] {Threei}  take care dp
[14:53] {dino} bwy stop to .45
[14:55] {Threei}  half out GERN
[14:57] {dino} out bwy .46, +.32
[15:03] {nemo} cya tomorrow folks
[15:03] {jfjf64} later nemo
[15:03] {Threei}  take care nemo
[15:05] {dino} cya nemo
[15:14] {jfjf64} s wfc .34
[15:18] {dino} cov itri .72, +.24
[15:37] {Threei}  let's decide
[15:38] {Threei}  bounce or breajkout for the eod?
[15:38] {Threei}  or breakdown, sorry
[15:38] {dino} bounce
[15:38] {dino} close green
[15:38] {Threei}  then WFC .50 break
[15:40] {dino} bwy l .32
[15:40] {Threei}  breakdown
[15:41] {dino} head fake
[15:41] {dino} maybe not
[15:43] {patience} POT finally broke
[15:49] {dino} bwy to b/e
[15:50] {dino} out
[15:51] {vinod} sorry I missed you guys today
[15:51] {vinod} vad-will do it this weekend
[15:51] {Threei}  do what?
[15:51] {Threei}  miss us? :)
[15:52] {vinod} take care of payment
[15:53] {Threei}  not sure what payment, but if it's a payment to me - I appreciate that
[15:53] {Threei}  sorry vinod, I am not really aware of that side of business :)
[15:58] {Threei}  third day of chop chop
[15:59] {Threei}  what was it in japan, lost decade?
[15:59] {Threei}  I have this feeling, it's going to be a lost week
[15:59] {Threei}  at least today there were 4 nice winning ones
[16:00] {Threei}  not nearly enough to make it worthwile day
[16:00] {Threei}  thank you all, have a good evening
[16:00] {Threei}  see you tomorrow
[16:01] {dino} the streak has ended
[16:01] {Threei}  HOTT
[16:01] {Threei}  btrutal
[16:01] {Threei}  HOTT Reports Q1 $0.03 v $0.02e, R$175M v $174.7Me
[16:01] {Threei}  - Q1 SSS %
[16:01] {Threei}  - Guides Q2 EPS $ v $0.01e
[16:01] {Threei}  - Guides Q2 SSS
[16:02] {fernp} good evening all
[16:02] {Threei}  PETM Reports Q1 $0.37 v $0.30e, R$1.33B v $1.32Be

Tuesday, May 19, 2009

May 19 2009

Not much happened for the day as a few nice wins were balanced out and slghlty overcome by stops. A lot of churning in the market

Session Time: Tue May 19 00:00:00 2009

[08:13] {magoo} morning 
[08:13] {nemo} hi mags
[08:15] {magoo} nemesis:)
[08:15] {nemo} mags dcc
[08:16] {magoo} nope lol
[08:17] {nemo} expensive?
[08:20] {ese} good morning
[08:20] {nemo} hey essay
[08:21] {ese} it goin
[08:21] {nemo} far so good
[08:22] {ese} too funny.......i hear ya
[08:22] {nemo} ran out of vodka last night though
[08:23] {ese} have vad fly some's part of this service i think
[08:23] {nemo} didn't know that...hey VAD!!!
[08:30] {nemo} vad, news on EJ?
[08:31] {ese} what ej nemo
[08:31] {ese} whats
[08:31] {nemo} earnings release it popped big this morning
[08:33] {patience} good morning guys  :)
[08:34] {ese} morning patience......
[08:34] {ese} it's raining over here by the water
[08:34] {patience} stopped here, will be running in an hour so make it stop there ese    :)
[08:35] {ese} was gonna say....still going out for a run
[08:35] {Threei}  Good morning
[08:35] {ese} will do.....your wish is my command
[08:35] {Threei}  05/19/09 06:40am
[08:35] {Threei}  [EJ] E-House China Holdings - ADS Reports Q1 $0.11 v $0.05e (ex items), R $32.8M v $32.2Me
[08:35] {Threei}  - Guides Q2 Rev $49-51M v $38.3Me
[08:35] {ese} morning vad
[08:35] {patience} yup, down 64 pounds now year anniversary yesterday
[08:35] {ese} thats fabulous
[08:35] {ese} any particular diet
[08:36] {patience} ty, and none...just walking or running every day
[08:38] {ese} Ok ....rain has now stopped patience.....your all clear here...birds chirping...what else would you like
[08:38] {patience} winning trades while i'm out exercising   :)
[08:39] {ese} OHHHHHH VADDDD?  patience would like............
[08:39] {Threei}  FAS is dropping fast
[08:40] {nemo} saw that
[08:40] {ese} is it ever
[08:41] {nemo} wow CEO up almost 30%
[08:41] {ese} ii don't see any news anywhere
[08:41] {nemo} it's the Chinese oil company
[08:42] {ese} hmmm130 to 158
[08:42] {nemo} probably reaction to India yesterday and  the breaching of the $60/barrel today
[08:43] {ese} now quoting 131 to 137....recipe for loosing money
[08:43] {nemo} yeah...great to be an investor
[08:48] {ese} don't know if anyone has asked this but....FAZ is bound to hit "0"    what happens when that calibrate that index??  set it higher??
[08:49] {nemo} world ends
[08:49] {ese} ahhhhhh
[08:49] {cosmo} the end of the dollar?
[08:49] {ese} Does that index cease to exist?
[08:49] {nemo} I don't know the exact mechanics, but these ultra etfs are recalibrated every night
[08:50] {ese} every night?   how so and why?   i don't understand
[08:51] {nemo} They're designed as short-term trading vehicles.  I don't understand the exact mechanics, but that is what happens
[08:51] {ese} as hedges against existing positions
[08:52] {ese} like trading the S&P futures i would imagine
[08:53] {nemo} that would make sense.  They hold a combination of underlying stocks and options on those stocks.  I'm not sure any of these can go to zero.  It's probably an asymptotic dynamic as you get closer to zero.  Also, volatility, or lack there of is a factor in the price of the issue because volatility affects the price of the options
[08:55] {dptl} good morning all
[08:55] {Threei}  dp :)
[08:55] {ese} morning dp
[08:55] {pita} greetings everyone
[08:55] {nemo} dp pita
[08:56] {ese} pita
[08:56] {Threei}  pita :)
[08:57] {Threei}  DRYS
[08:57] {ese} i like this...drys taking off
[08:58] {Threei}  - CEO: "We are delighted to have reached an agreement with DnB NOR on yet another facility. This facility covers 2 of our drybulk vessels. We continue to have constructive discussions with the remainder of our banks who are all very supportive of the company."
[08:59] {ese} I like it ....still have a swing position from yesterday
[08:59] {Threei}  neds to break .40
[08:59] {ese} yes
[09:00] {ese} a few of the other bulk cariers following as well .....egle
[09:02] {jfjf64} mornin all
[09:02] {nemo} jf
[09:02] {ese} jf
[09:03] {Threei}  morning jf
[09:07] {Threei}  EGLE took sizeable offer
[09:08] {fernp} Good morning everybody
[09:08] {Threei}  fern :)
[09:17] {ese} dry bulk carriers and solar...flavor of the day for the market looks like
[09:20] {cosmo} tell that to JASO
[09:20] {dino} gm all
[09:20] {ese} I take it back 
[09:21] {ese} dino
[09:21] {Threei}  dino :)
[09:21] {nemo} dino
[09:21] {dino} :)
[09:23] {Threei}  DRYS buying looks quite sustainable
[09:24] {Threei}  if gives opening pullback I'll be interested
[09:24] {dino} turnaround tuesday?
[09:25] {nemo} we had this conversation yesterday
[09:25] {Threei}  if no pullback, hopefully we et consolidation and break
[09:26] {Threei}  EGLE is quite capable of serious move as well, juts much thinner
[09:26] {ese} am thinking about a position there vad
[09:26] {dino} neg. day does it
[09:26] {Threei}  volatile one, don't go crazy on size
[09:27] {ese} will do
[09:28] {Threei}  much better player on pullbacks vs breakouts
[09:28] {chinggis} gm
[09:28] {Threei}  chnggis :)
[09:28] {dino} beat
[09:31] {Threei}  EGLE
[09:31] {Threei}  hitting support zone
[09:31] {Threei}  half lot long
[09:31] {Threei}  sheesh
[09:31] {Threei}  no chasing
[09:32] {Threei} Long Setup:  DRYS  .43 if stays above .35
[09:32] {dino} fri gaps 8268, 1355, 882 fwiw
[09:33] {Threei}  invalidated
[09:35] {ese} yes
[09:35] {nemo} fitb again?
[09:35] {Threei} Long Setup:  DRYS  .30 break half lot
[09:35] {Threei}  if stays above .20
[09:35] {Threei}  sorry
[09:35] {Threei}  that was EGLE
[09:36] {Threei} Long Setup:  EGLE  .30 break half lot
[09:36] {dino} beat
[09:37] {ese} drys covering gap from 05/08 .62 low
[09:37] {Threei}  DRYS, have to wait for pullback
[09:37] {magoo} in
[09:37] {Threei}  .40 area
[09:37] {dptl} in
[09:37] {nemo} in
[09:38] {Threei}  DRYS says what pullback?
[09:38] {nemo} 1/2 out
[09:39] {Threei}  has this feel of a big runner
[09:39] {dptl} half out egle
[09:40] {Threei}  if takes .50, 8 is not out of question
[09:40] {magoo} out EGLE .38
[09:40] {chinggis} out full 41 ty
[09:40] {magoo} ill reload if.
[09:41] {ese} drys could do $9.00 today....analysts targets
[09:41] {dptl} trailing under .30
[09:41] {dptl} balance
[09:42] {magoo} frustrate if cant get in'
[09:43] {Threei}  DRYS pullback
[09:43] {nemo} out egle
[09:43] {Threei}  closer to .50 should be an entry zone
[09:44] {dptl} all out egle ty
[09:44] {Threei}  let's see if there is another play in it
[09:45] {Threei}  DRYS .60 break
[09:45] {Threei}  if stays above .50
[09:45] {nemo} half or full
[09:45] {Threei}  10 cents stop?
[09:46] {nemo} o.k.
[09:46] {dptl} in
[09:46] {nemo} in
[09:48] {magoo} ya in
[09:49] {magoo} EGLE interseting
[09:49] {Threei}  - according to CNBC, historically the S&P has gained an average of 3% and 6% respectively over the 3 and 6 months that follow a crossover below 30.
[09:49] {Threei}  - the peak in late Oct was at 89.53.
[09:49] {magoo} in egle too .31
[09:50] {Threei}  hte these shakeouts in the market
[09:50] {Threei}  wants to go up badly
[09:50] {Threei}  just gop
[09:51] {wulff} yes gop right now
[09:51] {magoo} i know
[09:54] {Threei}  sigh
[09:54] {dptl} stopped
[09:54] {magoo} jesus
[09:56] {Threei}  EGLE is holding better than DRYS so far
[09:56] {ese} indeed
[09:57] {magoo} DRYS sucks everyday
[10:02] {nemo} s drys .19
[10:03] {dino} qsii
[10:06] {nemo} i lie short egle
[10:07] {chinggis} any read on HBAN vad?
[10:07] {magoo} BAC strong
[10:07] {Threei}  should follow FAS
[10:07] {chinggis} ok ty
[10:08] {Threei}  I'd try .90 break
[10:08] {ese} as was about to say nemo should have been .30  for the short if it was drys
[10:08] {nemo} typing skills
[10:08] {chinggis} ok
[10:08] {dino} sm l pnra .50
[10:08] {magoo} in hban
[10:09] {chinggis} l hban .91
[10:09] {Threei}  BAC seems to be today's hero among finnies
[10:10] {Threei}  pullback closer to 12 should be entry
[10:11] {nemo} stopped egle
[10:14] {dino} pbh
[10:17] {Threei}  DND actitivity all of a sudden
[10:18] {Threei}  DNDN
[10:18] {nemo} wow
[10:18] {Threei}  no news that I see
[10:20] {dino} snda
[10:22] {Threei}  anyone got BAC near 12?
[10:23] {magoo} im waiting .98 HBAN
[10:24] {magoo} i like BAC
[10:24] {magoo} not in
[10:24] {magoo} EGLE trying
[10:25] {Threei}  yeah
[10:25] {Threei}  I really hate this lack of follow through
[10:25] {magoo} my nemesis should
[10:25] {Threei}  both DRYS and EGLE had total makeup of runners
[10:25] {wulff} Egle is doing OK
[10:26] {magoo} ouyt .98 TY vad HBAN
[10:26] {Threei}  a lot of little buggers?
[10:26] {dino} afam sm l .91
[10:26] {magoo} 2k
[10:26] {Threei}  HBAN is new FITB
[10:26] {ese} gj mags
[10:26] {ese} yes
[10:27] {ese} sems to trade the same 
[10:27] {magoo} EGLE nears ,50
[10:27] {dino} pbh sm l .35
[10:28] {Threei}  EGLE already has almost whole yeasterday's volume
[10:28] {wulff} f---in FAS
[10:28] {jfjf64} wow fas
[10:28] {magoo} FAS missed
[10:28] {chinggis} out hban .02
[10:28] {chinggis} ty vad
[10:28] {dino} pnra stop to .20
[10:28] {Threei}  sure
[10:28] {dino} out +.70
[10:29] {magoo} bacon alert
[10:29] {magoo} BAC
[10:30] {Threei}  BAC entry on pullback near 12 would have been perfetc
[10:30] {Threei}  not a fan of breaks on this stock
[10:30] {dino} intc l .49
[10:31] {Threei}  EGLE has 8 written all over it
[10:32] {ese} dino was that pbh you did .70 on?
[10:32] {nemo}  {dino} pbh sm l .35
[10:32] {nemo} [10:28] {dino} pnra stop to .20
[10:32] {nemo} [10:28] {&Threei}  sure
[10:32] {nemo} [10:28] {dino} out +.70
[10:32] {ese} your out ?
[10:33] {ese} tks was just looking at it 
[10:34] {Threei}  - Reminder: on 5/15 CNBC reported that GS and JPM were to be among the first major banks to be granted persmission to repay tarp as early as this week{XLF GS MS JPM}
[10:34] {dino} yes out
[10:35] {dino} no, pnra .50 to .20, +.70
[10:35] {dino} fast as fast can be es
[10:35] {dino} pbh still in, as well as afam
[10:36] {ese} tks.....i'm studying
[10:36] {dino} pbh making me thirsty, thinking of pbr's
[10:37] {ese} yuk yuk
[10:37] {ese} I think vad delivers vodka's part of the service being on this board
[10:37] {dino} pbr light not too bad on a hot day actually
[10:38] {magoo} no quotes on PBR dino
[10:39] {dino} 16.50 for 30 pack
[10:39] {ese} good on ya if it's hot down ain't here.....rain
[10:39] {dino} going for 80 today, last night frost, wierd lately, running 6 degrees below normal in may
[10:40] {ese} climate change
[10:42] {Threei}  HBAN pullback into support
[10:42] {Threei}  watch FAS for possible spike
[10:42] {Threei}  HBAN tends to give the delay for entry
[10:43] {dino} afam to .28
[10:43] {dino} expect slip
[10:44] {dino} out .26, 
[10:44] {dino} +.35
[10:45] {Threei}  I can't think of anything more stupid and untimely
[10:45] {Threei}
[10:45] {Threei}  n wait... I can...
[10:45] {ese} good one dino
[10:45] {dino} ty
[10:47] {dino} 11 straight days up/down/up/down, will it continue
[10:48] {Threei}  EGLE ast yesterday's volume
[10:48] {magoo} u in it?
[10:49] {Threei}  no... trying to determine possible entry
[10:49] {Threei}  possibly even for a swing
[10:52] {wulff} BAC fast selling
[10:55] {Threei} Long Setup:  FAS  .56
[10:55] {Threei}  if stays above .50
[10:59] {Threei}  HBAN stopped dropping with FAS
[10:59] {Threei}  .96 worth a try if FAS spikesa
[11:00] {Threei}  try to get last shares, don't be first to buy
[11:02] {nemo} Magooing it
[11:02] {Threei} Long Setup:  FAS  .50 if not losing .45 anymore
[11:03] {Threei}  in HBAN aggressively .94
[11:03] {dptl} in fas
[11:03] {magoo} in .95
[11:04] {fernp} stop under .90, Vad?
[11:04] {Threei}  yeah
[11:05] {dptl} stopped fas
[11:05] {Threei}  games are not over...
[11:05] {Threei}  HBAN no worky too
[11:06] {fernp} out HBAN
[11:06] {Threei}  backing off, it starts looking like shakeouts all over, just like yesterday
[11:09] {Threei}  BAC quite a selloff
[11:09] {magoo} READ on EGLE
[11:10] {Threei}  same... overall, it's a swing trade candidate for a storng upward move
[11:10] {Threei}  exact entry - can't find it so far
[11:11] {magoo} dont like the swing call
[11:11] {magoo} i dont hold 
[11:11] {nemo} you don't swing and you don't hold?
[11:11] {wulff} keep your eye on CNB
[11:11] {dino} enoc
[11:11] {Threei}  market continues dropping... what i is it you want me to do? :)
[11:12] {nemo} use the force Vader
[11:12] {nemo} Oh shit, my RAM monitor is at 666
[11:12] {Threei}  in my eyes, these market retreats are nothing but pullbacks bfore another runup
[11:13] {dino} ceph
[11:13] {fernp} DRYS double bottom
[11:13] {Threei}  but atempts to find the entry points were quite futile yesterday and, so far, today
[11:13] {Threei}  gotta take it on faith, which I hate
[11:13] {jfjf64} my eyes  black  and  blue
[11:15] {jfjf64} comon a joke    lol  lol    
[11:15] {Threei}  we are obviously going through some change in the market
[11:15] {nemo} I"n your eyes, the light the heat"
[11:15] {Threei}  a few days at the beginning of such changes are always tough,
[11:15] {Threei}  as old methods stop working,
[11:16] {Threei}  new ones are not found yet
[11:16] {nemo} switch to summer but volumes this morning are reasonable
[11:16] {Threei}  this is not a switch to summer
[11:16] {Threei}  this is witch in market mood
[11:16] {Threei}  amajor mode I would say
[11:16] {chinggis} any read on SKS vad?
[11:17] {Threei}  not really...
[11:18] {chinggis} ok ty
[11:19] {ese} have to go teach a class....see you in about an hour or so
[11:20] {Threei}  take care ese
[11:24] {dino} mako
[11:24] {dino} thin
[11:26] {dino} thor
[11:26] {dino} ceph sm l .20
[11:27] {dino} where do all of these people go away too?
[11:28] {nemo} seeing dead people again?
[11:28] {Threei}  what people?
[11:28] {Threei}  let's see:
[11:29] {chinggis} GIL
[11:29] {Threei}  if today is repeat of yesterday, and so far it looks very similar,
[11:29] {Threei}  we will bottom out after a few shakeouts
[11:29] {nemo} fas scalp @ 3:30
[11:29] {Threei}  and resume runup
[11:29] {Threei}  problem is, attempts to find the turning point have no technicals under them,
[11:30] {Threei}  so there is no way to tell just how many shakeouts we get inti
[11:30] {Threei}  that's what killed yesterday
[11:30] {dino} lol nemo
[11:30] {Threei}  so, the question you need o answer for yourself is:
[11:30] {Threei}  continue trying or wait the whole thing out
[11:30] {nemo} do you feel lucky?
[11:31] {nemo} sorry, "Do you feel lucky, punk?"
[11:31] {dino} the way i see it is simple....they got it, i want it
[11:31] {Threei}  if former, EGLE .30 break
[11:32] {Threei}  FAS pullback under .30
[11:32] {nemo} nice segue Vad
[11:32] {dino} v bounce
[11:33] {Threei}  HBAN with stop under .80
[11:33] {Threei}  all those are your trades if your pick is to try
[11:33] {dino} aipc pop
[11:35] {Threei}  DRYS .26
[11:35] {Threei}  game plan:
[11:36] {Threei}  those who went for EGLE, stop under .20, aim to sell half closer to .50
[11:36] {dino} v sm l .00
[11:36] {Threei}  hold half for break
[11:36] {Threei}  if you are a purebreed scalper, you know what to do without my narrative
[11:37] {nemo} stop for drys
[11:37] {Threei}  HBAN, aim to sell half between .95 and 5
[11:37] {Threei}  DTYS, either undcer .20 or under .15, depending on your objectives
[11:37] {nemo} what if you're a braindamaged mutt?
[11:38] {Threei}  profit taking on DRYS is between .35 and .40 for the first half
[11:40] {dptl} in drys
[11:43] {nemo} egle strong drys not
[11:43] {dino} intc stop to .58
[11:43] {Threei}  DRYS should change its way after .30 break
[11:44] {nemo} Wayward Son
[11:44] {magoo} drysalways trades exactly like today...big moves beyond reason..terrible pullbks..endless hours of nada...then when u give up..BOOM
[11:45] {Threei}  EGLE is at first target
[11:45] {nemo} "Every time I try to get out they pull me back in"
[11:45] {dino} out intc .60, +.11
[11:45] {magoo} EGLE better of 2 for it too vad
[11:48] {magoo} crazy,,never heard of u cant pay it back
[11:48] {Threei}  if you owe me and I want control over you... I want you to keep moneyrather than to pay me back
[11:48] {Threei}  you paid back, you are free
[11:50] {Threei}  let's see EGLE
[11:50] {Threei}  this time or not yet?
[11:50] {chinggis} EGLE break of hod buyable vad?
[11:51] {Threei}  usually this one if much better on pullbacks
[11:52] {Threei}  that's qwhy I called it off .30 rather than .50
[11:52] {Threei}  however, next try will be what, 4th one for today?
[11:52] {Threei}  odds of it working are on increase
[11:53] {chinggis} TY vad
[11:54] {Threei}  what, shakeouts are not over yet?
[11:55] {nemo} just going to lunch
[11:58] {Threei}  ASIA?
[11:59] {Threei}  no news that I see
[11:59] {dino} ceph stopped .89, -.31
[12:05] {dino} apol sm l .20, jumpy
[12:08] {nemo} gonna' hang around Dino?
[12:08] {dino} no
[12:09] {dino} waiting at .60
[12:09] {dino} just missed
[12:09] {vinod} good afternoon
[12:09] {dino} sm l enoc .20
[12:10] {dino} vin:)
[12:15] {chinggis} Vad SKS pullback playable?
[12:16] {dino} apol to .29
[12:16] {Threei}  around 5.05, I'd think so... but this one is verty hard to read, trades with weird pace
[12:16] {chinggis} ok ty
[12:19] {Threei}  market starts giving confirmation of reversal
[12:19] {Threei}  so far same scenario as yesterday
[12:19] {dino} itri
[12:20] {Threei}  Prez on TV shortly, to announce "kill the car" plan
[12:20] {magoo} and kill the mkt
[12:23] {dino} apol to .39 mkt dropping
[12:25] {dino} to .50
[12:25] {Threei}  new highs are coming
[12:25] {dino} to .60
[12:25] {dino} out +.40 apol
[12:25] {Threei}  nice one
[12:26] {dino} ty
[12:26] {dino} nemo, you get it?
[12:27] {nemo} no...I saw that long line of green and went yellow
[12:28] {dino} yeah, it was questionable
[12:29] {dino} you get enoc?
[12:31] {Threei}  NQ, last pullback and then off to races
[12:32] {dino} snda
[12:32] {dino} itri gap above around 58
[12:33] {Threei}  hmm
[12:33] {Threei}  increased cost of vehicle will pay off in three years on fuel savings, according to president
[12:34] {Threei}  maybe if I am driving a taxi
[12:34] {Threei}  on private vehicle with normal mileage, no way
[12:34] {Threei}  here is pullback
[12:36] {dino} enoc stop to .63\
[12:36] {nemo} oh, sorry dino, away for a minute, no enoc, kinda' thin for me
[12:36] {dino} vrts
[12:37] {dino} out enoc ave .66, +.46
[12:39] {Threei}  {AXP COF DFS JPM C}
[12:39] {nemo} yeah, they fubar that one
[12:45] {nemo} enoc dino
[12:46] {dino} ntrs drop
[12:47] {ese} yo ho ho and a botle of vodka......     hmmmmm somethin not right about that
[12:47] {ese} i'm back
[12:47] {dino} well, you're married so the ho is out
06[12:48] * nemo slaps ese around a bit with a large chart of jesu joy of man's desiring :)
[12:48] {nemo} whoa dino
[12:48] {dino} no, i mean no ho's, he has a wife
[12:49] {dino} as soon as i typed i knew it was going to be misunderstood
[12:49] {nemo} I understood quite well, usually after an extended period of marriage, they return
[12:49] {dino} roflol
[12:50] {Threei}  janitor's ears perk
[12:50] {nemo} I have many married friends
[12:51] {fernp} stopped DRYS
[12:51] {dptl} stopped drys
[12:52] {nemo} yeah
[12:53] {nemo} so many stops, so little vaseline
[12:53] {ese} huh?
[12:53] {nemo} huh what?
[12:53] {ese} just huh?
[12:54] {nemo} oh
[12:54] {ese} vaseline?
[12:54] {nemo} had 7 or 8 stops since yesterday...pain
[12:54] {Threei}  sheesh... dialogs right out of asylum
[12:55] {nemo} Anybody ever seen The Ninth Configuration?  speaking of asylums
[12:55] {ese} nope
[12:56] {nemo}
[12:57] {dino} nope
[12:57] {dino} but my office feels like an asylum some days
[12:58] {nemo} very good
[12:58] {dino} itri approaches hod
[12:58] {nemo} sounds like a line out of a sci fi movie
[12:59] {dino} as "land of confusion" comes on
[13:00] {nemo} No one gets out alive
[13:00] {dino} v to .85 won't move
[13:01] {dino} ceph one more whoosh down imo
[13:02] {dino} darn enoc, kept going
[13:03] {nemo} yes
[13:03] {lamant} soory ,i hit erro
[13:04] {nemo} Drys Vad?  looks like bottoming?
[13:05] {Threei}  everfything to me looks this way...
[13:05] {Threei}  my problemn is different
[13:05] {Threei}  as I described it before
[13:05] {dino} v stopped -.15
[13:05] {Threei}  attempts to catch the turnaround take many small cuts
[13:05] {Threei}  they are small but they are many
[13:05] {nemo} Yes.
[13:06] {Threei}  that's why I made a point to present it as discretionary decision
[13:06] {nemo} yes
[13:06] {Threei}  either try when it starts turning around and be ready to take those cuts,
[13:06] {Threei}  or sit it out until market finalizes changes and we get firm read on it again
[13:07] {Threei}  as a ray brightening the day, just got this e-mail:
[13:07] {nemo} still in the middle of lunch too
[13:07] {Threei}  Vad,
[13:07] {Threei}  Just wanted to say again how grateful I am for your program. I've been going with the program and my plan, adjusting it as I go, and it just works! I don't even worry about things anymore, I just trade my plan. Yes at times I take some losses, but I actually seem to love those small losses, and that is weird, compared to previous state I used to have.
[13:07] {Threei}  The gains are much larger and without worries that I used to have. I haven't been able to get to this state of mind and these kinds of results with any other system or educational materials. You seem to have touch on the perfect points that made it click for me!
[13:07] {Threei}  I really appreciate it!
[13:07] {Threei}  I skip the name
[13:08] {dino} very nice vad, good job
[13:09] {Threei}  yeah, this kind of things makes me feel I do it for some good purpose
[13:09] {nemo} Hey, I only take paper cuts now compared to before coming here.  
[13:09] {dino} itri spikes again
[13:09] {nemo} did they have earnings today?
[13:10] {nemo} Plus, the structured exits keep my greed from losing me more
[13:11] {nemo} Although, I'm not sure you're supposed to have this much fun
[13:11] {dino} then get mad
[13:11] {Threei}  see, main thing is:
[13:11] {nemo} my other pursuits when I'm mad, I'm having fun
[13:12] {Threei}  most of you here watch me doing it for years, some for months
[13:12] {nemo} I tracked your daily log for a looong time
[13:12] {Threei}  anyone saw a setback I wouldn't recover from in just a few days?? :)
[13:13] {nemo} No...what amazed me was the run from last Summer through the end of the year.
[13:13] {Threei}  just don't take any of those as more than pullback
[13:13] {fernp} nope
[13:13] {Threei}  nothing happens without pullbacks, setbacks, retreats
[13:13] {magoo} HEY..i askeed u not topost that he  he
[13:14] {Threei}  no trend goes without pullbacks,
[13:14] {nemo} what? pictures of Mags? now that's pornography
[13:14] {Threei}  no good runs occur without bad days
[13:14] {Threei}  yin and yang anyone?
[13:14] {nemo} It ain't about the celebrating, it's what you do when you get knocked down
[13:14] {Threei}  oneness of opposites?
[13:14] {Threei}  excatly
[13:15] {Threei}  you shrug, dust yourself off and go kick a$$
[13:15] {nemo} Don't know what good is unless you have bad by which to measure it
[13:15] {Threei}  there you go
[13:16] {Threei}  this is so ingrained, I don't even see the need to talk about it to say honestly,
[13:16] {Threei}  but when you guys start crying about couple days of stops
[13:16] {nemo} For you yes, although, repetition is the mother of all teaching
[13:16] {Threei}  I start feeling like giving lecture
06[13:16] * nemo crawls into his cave
[13:16] {Threei}  because I know magoo hates hose
[13:17] {Threei}  and I enjoy making him suffer
06[13:17] * nemo closes door
[13:17] {Threei}  and no magoo, that was not your e-mail
[13:17] {magoo} yes it was
[13:17] {Threei}  yours I wouldn't dare to quote for the world of me
[13:17] {magoo} edited of course
[13:17] {Threei}  they are full of swearing, links to porno sites etc
[13:17] {Threei}  NASDAQ has finished pullback, returned to high
[13:17] {Threei}  break amnd new highs are in order
[13:18] {Threei}  if you like the formation,
[13:18] {Threei}  QDL
[13:19] {Threei}  C&H
[13:19] {nemo} qld?
[13:19] {Threei}  .40 break
[13:19] {Threei}  QLD, sorry
[13:19] {ese} I'd like to second that sentiment from the email Vad......I'm having the best tradin year of my life also tks
[13:19] {Threei}  thank you ese
[13:19] {nemo} ese been the man
[13:20] {Threei}  new highs
[13:21] {Threei}  [12:31] {Threei} NQ, last pullback and then off to races
[13:21] {Threei}  [12:32] {dino} snda
[13:21] {Threei}  scalpers get out heere
[13:22] {Threei}  day traders take half
[13:22] {dino} es great to hear, you're an animal lately
[13:23] {dino} idcc l .25
[13:23] {Threei}  daytraders, 1/4 more out
[13:23] {nemo} whoa things really taking off 
[13:24] {ese} tks but still have a ways to go.......once i stop the goofy/dumb errors....who knows
[13:24] {Threei}  yesterday's scenario plays out, just as we suspected
[13:24] {nemo} well, ese, you have an excuse, you're a musician.  I on the other hand, have none. :)
[13:27] {dino} sm risky s itri .01
[13:28] {nemo} stop to .70 on itri Dino?
[13:28] {dino} .51
[13:29] {dino} short
[13:29] {nemo} hasn't broken it's 200 all day, and that is .70 just letting you know
[13:29] {Threei}  last portion QLD: stop to .55
[13:30] {Threei}  feel free to exit above .70
[13:30] {Threei}  out .73 in full
[13:30] {Threei}  +.30
[13:30] {Threei}  something ought to work sooner or later, right?
[13:31] {nemo} patterns have been the same forever
[13:31] {dino} stopped -.46
[13:31] {Threei}  - Recession to last several more months; consumer spending is stabilizing
[13:31] {Threei}  - Notes that an economic recovery would reduce risks of deflation; healthy growth to resume in mid 2010
[13:31] {Threei}  - Financial conditions improving on a broader basis
[13:31] {Threei}  lol, :consumer spending is stabilizing"...
[13:31] {Threei}  it very well may be,
[13:31] {Threei}  but let's kill credit cards now,
[13:31] {nemo} yeah, can't go below 0
[13:31] {Threei}  then increase taxes on energy
[13:32] {Threei}  then make cars more expensive
[13:32] {nemo} nice on inri Dino
[13:32] {Threei}  and rise taxes on fuel to make buying them more justified
[13:32] {nemo} Oh jeez, that's funny...itri
[13:32] {dino} ok nemo, around 58.60 if it gets there
[13:32] {Threei}  and let's see what happens to consumer after all that
[13:32] {nemo} Hah, just called you King of the Jews
[13:33] {nemo} In that new credit card bill, they are not reigning in interest rates
[13:34] {dino} nemo s=short, got stopped itri
[13:34] {nemo} oh you went short, missed that
[13:37] {ese} me thinks what happens with drys alot is that the big boys see a stock that they can beat the VWAP alot with.   It's daily 1min seems to look like that alot.    Me thinks that some of them should be WAPPED!
[13:37] {ese} VWAP( volume weighted average price) for those of you that don't know
[13:40] {_king} threei- how do you find your trades? curious b/c i can never find the breakouts like you 
[13:41] {magoo} vad, u like FAS for bounce?
[13:41] {Threei}  king, scanner
[13:41] {Threei}
[13:42] {nemo} _king programmed scanner spits out stocks to look at according to Vad's criteria
[13:42] {nemo} Dino has his scanner for his style also
[13:42] {Threei}  mags... I do... I just am not sure about entry point
[13:42] {Threei}  .20 break looks like it from here
[13:43] {magoo} ok
[13:44] {dino} yes
[13:47] {Threei}  is it only me, or anyone else is getting this feeling of rally in the making?
[13:47] {nemo} talking about consumer spending:
[13:48] {magoo} ive had it all day, but hasnt worked so far
[13:48] {dptl} so fas .20 long?
[13:48] {Threei}  this is what keeps me hesitant
[13:48] {Threei}  ready for papercuts dp?
[13:48] {magoo} i did fas
[13:48] {Threei}  then FAS .20 break
[13:48] {nemo} should have one more, but had the rally yesterday
[13:48] {Threei}  HBAN .80 break
[13:48] {magoo} EGLE
[13:48] {nemo} in
[13:49] {nemo} stop on fas
[13:49] {Threei}  under .10 of course
[13:49] {nemo} around .10
[13:49] {Threei}  13:43, low of the last pullback
[13:50] {dino} sm l ceph .65
[13:50] {nemo} .11 low
[13:51] {nemo} in ceph
[13:52] {nemo} stop Dino
[13:53] {Threei}  shakes continue... that's tha painful part of this process
[13:54] {dino} .43
[14:03] {dino} out idcc .36, +.11
[14:05] {_king} got it, thanks guys!
[14:06] {nemo} dino, ceph get's by .70, should be good for a  bit
[14:06] {dino} y
[14:06] {nemo} ese, you in anything
[14:08] {ese} yup drys...from yesterday
[14:08] {ese} unloaded 1/2 on the runup this morning
[14:08] {nemo} she's been riding the range for a while
[14:09] {ese} still have 5k avg position .20 left....just kinda holdin on to it to see what happens
[14:09] {ese} it's getting itself into what Alaqn Farley calls the slingshot position
[14:09] {ese} Alan
[14:09] {nemo} Chuck U. Farley?
[14:10] {ese} indeed 
[14:11] {ese} anyway   ...outta here for today all...see ya tomorrow
[14:11] {Threei}  take care ese
[14:11] {ese} see ya vad
[14:13] {dino} cya es
[14:18] {dino} idcc l .40
[14:20] {magoo} a move may be starting vad
[14:21] {Threei}  missed QLD .60
06[14:24] * magoo slaps laserdave around a bit with a large trout
[14:24] {nemo} I was just going to tell you mags
[14:25] {laserdave} i love the attention
[14:25] {dino} snda
[14:26] {jfjf64} .20 break  fas
[14:27] {jfjf64} ?
[14:27] {magoo} its a valid play
[14:28] {jfjf64} ya wd think  shack out  comin ??
[14:28] {magoo} most likely:(
[14:28] {dino} idcc stop to .49\
[14:29] {jfjf64} im in
[14:29] {jfjf64} .22
[14:29] {magoo} .19 here
[14:30] {magoo} we need mkts to rip
[14:30] {nemo} or, we need to get the right shorts on a downdraft :)
[14:31] {Threei}  I don't see downdraft in cards nemo
[14:31] {Threei}  this market is getting ready to kill "short everything" crowd
[14:31] {magoo} do u see wealth vad?
[14:31] {jfjf64} up up and  away  
[14:31] {nemo} no, I was just commenting on Mags.  If it rips down and we're in the right shorts
[14:31] {Threei}  I stuill see 8 in the EGLE's future
[14:32] {Threei}  new highs for NASDAQ
[14:32] {jfjf64} kick it  mags
[14:34] {dino} out idcc .52, +.12
[14:35] {jfjf64} half out .26
[14:41] {nemo} mouse money
[14:43] {jfjf64} still in mags
[14:45] {Threei}  here it comes for you jf
[14:45] {magoo} out fas .29
[14:45] {magoo} DL
[14:46] {magoo} ty boss
[14:46] {Threei}  me?
[14:46] {Threei}  why?
[14:46] {magoo} u called ot
[14:46] {Threei}  you did this one on your own
[14:46] {jfjf64} all out  .29 
[14:47] {jfjf64} ty  vad   ty  mags
[14:47] {Threei}  QLD new high
[14:48] {Threei}  [14:32] {Threei} new highs for NASDAQ
[14:48] {Threei}  if you guys wanted to follow my general read with your own entries... this one was it
[14:50] {Threei}  lamborgini is the worts car to buy for fuel saving... 8 miles per gallon
[14:50] {Threei}  I wonder how many of its buyers give a damn
[14:50] {nemo} 0
[14:50] {jfjf64} hmm
[14:50] {nemo} less than 10, that means mags could count them
[14:50] {Threei}  Bentley buyers are not in a good shape either
[14:51] {Threei}  I can just see guy who owns both, looking at TV gal who said that saying:
[14:51] {Threei}  Frankly my dear...
[14:51] {nemo} jeez Rhett
[14:52] {Threei}  who is going to review Fed?
[14:54] {nemo} kick ceph for me vad, have to go soon
[14:54] {Threei}  which way?
[14:55] {nemo} up
[14:55] {jfjf64} think tm to short  hpq  buying all day   earnins later ??
[14:56] {Threei}  HPQ yes, earings after close
[14:57] {Threei}  there you go nemo
[14:57] {nemo} yeah, thanks Vad, look to get out even because I have to go.  Looks like it bottomed too
[15:04] {Threei}  remember or play a few weeks ago, FEED?
[15:04] {Threei}  our
[15:04] {nemo} vaguely
[15:04] {dino} zzzzzzzzzzzzzzzzzzzzzzzz
[15:04] {nemo} holy doodoo
[15:04] {dino} wynn l .10
[15:05] {dino} out .21, +.11
[15:05] {nemo} whoa, didn't even get to look
[15:06] {dino} lucky
[15:06] {nemo} easy for you to say...phhhht!
[15:06] {dino} had trouble w/.10 for aw(h)ile
[15:09] {nemo} dino?  why the h in parentheses?
[15:11] {nemo} stopped ceph
[15:12] {dino} ceph stopped -.22
[15:12] {dino} stewie/family guy
[15:15] {nemo} cyu guys done for the day
[15:15] {Threei}  take care nemo
[15:17] {dino} cya nemo
[15:29] {dino} bwld s .22
[15:31] {fernp} have to go. good evening all. see u tomorrow
[15:33] {Threei}  take care fern
[15:34] {dino} cov bwld .10, +.12
[15:36] {dino} cya fernp
[15:39] {dino} titn l .12
[15:39] {Threei}  DRYS stays flatlined around this level for good3-4 hours
[15:40] {Threei}  EGLE decided to do it tomorrow probably
[15:41] {chinggis} see you tommorow guys
[15:41] {Threei}  take care chinggis
[15:41] {dino} cya ching
[15:49] {dino} bwen
[15:50] {dino} wow don't know how but wynn took me out just now at .35, +.15
[15:50] {Threei}  yup, spiked to .17
[15:50] {dino} see that spike, lol
[15:51] {dino} whats w/bwen?
[15:51] {Threei}  no idea
[15:52] {dino} will watch it tomorrow
[15:52] {dino} same w/itri
[15:53] {Threei}  second day in a row of shurning and shaling out
[15:53] {Threei}  umm
[15:53] {Threei}  let's try again
[15:53] {dino} 12th day up/down
[15:53] {Threei}  churning and sjaking out
[15:53] {Threei}  sigh
[15:53] {dino} titn to b/e
[15:54] {Threei}  whatever, I give up... my fingers just can't seem to hit right keys
[15:54] {dino} out
[15:55] {Threei}  okay guys, taking that leftover of EGLE home
[15:55] {dino} well, up, but light
[15:55] {Threei}  thank you all,
[15:55] {Threei}  have a good evening
[15:55] {Threei}  see you tomorrow
[15:55] {dptl} have a good evening all
[15:55] {dino} at the risk of jinxing me, 22 in a row vad
[15:55] {Threei}  nice!
[15:56] {dino} cya dp

Monday, May 18, 2009

May 18 2009

Quite a backwards day. Not much worked; two nicely-sized wins on CAT and PALM and a scalp on FAS (on which we really underestimated the strength of the move) were not enough to cover a few stops, so we ended day slightly negative.

Session Time: Mon May 18 00:00:00 2009

[08:16] {pita} gm all
[08:16] {Threei} morning pita
[08:16] {nemo} pita :)
[08:17] {vinod} good morning to all
[08:17] {pita} so... there are earlybirds indeed
[08:17] {Threei} vinod :)
[08:17] {nemo} early bird gets the worm...nighthawk gets the early bird
[08:18] {Threei} yes pita but then, if early bird gets a worm, night hawk gets the early bird
[08:18] {nemo} Oh we go
[08:18] {pita} maybe I should have slept in
[08:18] {Threei} nah, just pretend you are a night hawk
[08:19] {vinod} got make 2k this week. let see if i can do it?
[08:20] {pita} lets do it today and the rest of week will be bonus
[08:20] {vinod} all the bonus shoul got to boss?
[08:21] {nemo} Rend to Caesar
[08:21] {pita} nah, you trade it you earn it
[08:21] {vinod} and deficit will come from the boss
[08:21] {pita} I like that part
[08:22] {vinod} will be backafter 9.30
[08:46] {_king} good morning
[08:46] {Threei} morning king
[08:52] {Threei} sheesh... look at IFN
[08:52] {jfjf64} mornin all
[08:52] {Threei} jf :)
[08:53] {Threei} I assume it's a reaction on election results
[08:54] {Threei} two indian stock by memoery, SIFY and REDF
[08:54] {Threei} bothare gapping too
[08:54] {nemo} what about infosys?
[08:54] {Threei} symbol?
[08:55] {nemo} infy
[08:56] {Threei} 05/18/09 05:34am
[08:56] {Threei} [INFY] Infosys Technology Ltd CFO: Continues to target acquisitions in the $200-300M range
[08:56] {Threei} - Market remains volatile, expects outsourcing activity to recovery in 2010
[09:04] {lamant} hello,morning
[09:05] {Threei} lamant :)
[09:05] {lamant} :)
[09:07] {dptl} good morning all
[09:07] {Threei} dp :)
[09:09] {ese} good mornign
[09:09] {fernp} Good morning everybody
[09:09] {ese} fern
[09:09] {Threei} ese, fern :)
[09:09] {ese} hey vad
[09:10] {ese} beautiful weather here in la la land vad
[09:11] {Threei} \no kidding
[09:11] {ese} been down to your crabin dock.....even just to enjoy the sun
[09:12] {Threei} going to this week
[09:15] {Threei} BAC
[09:20] {chinggis} gm all
[09:21] {nemo} mornin"
[09:21] {ese} cha ching
[09:21] {Threei} chinggis :)
[09:21] {ese} neeeeeemoooooooo!!!!!
[09:21] {dino} gm all
[09:21] {dino} infy?
[09:21] {Threei} dino :)
[09:21] {ese} diiiiiinoooooooo!
[09:21] {nemo} ese dino nemo...oh that's me
[09:21] {Threei} [08:56] {Threei} 05/18/09 05:34am
[09:21] {Threei} [08:56] {Threei} [INFY] Infosys Technology Ltd CFO: Continues to target acquisitions in the $200-300M range
[09:21] {Threei} [08:56] {Threei} - Market remains volatile, expects outsourcing activity to recovery in 2010
[09:22] {nemo} India has popped because of the elections Dino
[09:22] {dino} and that moves it up 4.50+?
[09:22] {dino} \hmmm
[09:22] {Threei} no, mostly India elections
[09:22] {nemo} look at any india stock
[09:22] {dino} is infy india stock?
[09:22] {nemo} pretty much
[09:22] {dino} ok ty
[09:24] {nemo} that probably led to the oil pop too
[09:25] {ese} plus one less war in this world to think about in Sri Lanka
[09:25] {nemo} Don't worry Pakistan is about to blow up
[09:25] {Threei} what's with WFC?
[09:25] {ese} hmmmm up a bill and a bit
[09:26] {Threei} no news that I see to propel it like this 5 min ago
[09:26] {pita} Buffet increased stake
[09:26] {Threei} that's last week news
[09:26] {nemo} Financials were down for a couple days maybe a little snap back.. THen again aren't all the bank analysts at the banks raising their ratings on the other banks?
[09:27] {Threei} this spike is WFC specific
[09:27] {nemo} BAC is up .83, which is a higher % than wfc
[09:27] {Threei} look at the charts
[09:27] {pita} finnies are generally up, fas spiking same time
[09:27] {Threei} see WFC spuike while BAC stayed where it was?
[09:28] {nemo} catch up?
[09:30] {ese} L drys
[09:31] {magoo} etojjktahdjajafd;fd
[09:32] {Threei} I agree
[09:32] {nemo} supercalifragilistiexpealodicious
[09:32] {nemo} spelled it wrong :(
[09:33] {magoo} news AAPL?
[09:33] {magoo} morning..late
[09:33] {Threei} no
[09:33] {magoo} bounccer vad ?
[09:34] {Threei} Long Setup: FITB 7.50 break if holding above .40
[09:36] {Threei} invalidated, bounce candidate with FAS
[09:36] {Threei} SIFY...
[09:39] {vinod} any interest in IBN
[09:40] {Threei} way too volatile
[09:40] {ese} l drys...avg position .23
[09:41] {Threei} Short Setup: WFC on bounce above .90, half lot
[09:42] {ese} next.... am gonna sit on that position for a bit
[09:42] {Threei} barely touched .91... anyone managed to get?
[09:42] {vinod} did not get it
[09:42] {fernp} not here
[09:42] {jfjf64} n
[09:43] {nemo} nyet
[09:43] {dino} mygn sm l .50
[09:43] {Threei} OK... I wanted it a bit closer to 26
[09:43] {jfjf64} still valid
[09:44] {jfjf64} ?
[09:44] {Threei} keep oreder ready
[09:44] {Threei} I'll try to comment on the fly
[09:47] {dino} ens sm l .90
[09:47] {Threei} doesn't give clean entry
[09:48] {fernp} MS breakout Vad?
[09:49] {Threei} doesn't excite me honestly
[09:50] {jfjf64} weird open?
[09:50] {ese} l fitb .44
[09:51] {dino} aipc drop
[09:51] {Threei} Long Setup: FAS .40 break
[09:52] {Threei} if stays above .30
[09:52] {Threei} no intention to short WFC anymore for now
[09:52] {ese} out fitb partly .50
[09:53] {ese} rest .49 +.055
[09:54] {ese} standard way i've been playing it
[09:54] {ese} would go long again but your right odd market this morning
[09:55] {ese} no real move in the qqqq one way or the other
[09:58] {Threei} SYNA, pullback into 31.50 woyld be entry zone
[09:58] {Threei} half lot, volatile one
[09:59] {ese} there fitb
[10:00] {ese} break of .50 but not really shooting up there
[10:02] {Threei} WFC was worth it after all
[10:02] {chinggis} NVDA?
[10:02] {dino} qsii
[10:03] {Threei} NVDA is not really a player without strong market move
[10:03] {nemo} looks like a short chinggis
[10:03] {chinggis} ok ty
[10:04] {Threei} this is one of those that can torture you for hours within a very narrow range unless market is really moving
[10:04] {nemo} sounds like marriage
[10:04] {jfjf64} nice nemo
[10:04] {magoo} with no benefits lol
[10:05] {magoo} FITB went
[10:05] {magoo} took .43 out .63
[10:05] {ese} yup
[10:05] {ese} against the market
[10:05] {magoo} took with ese
[10:05] {ese} you still in
[10:05] {magoo} just held it longer
[10:05] {Threei} good job
[10:05] {Threei} let it pull back now
[10:05] {magoo} out .63 @K
[10:05] {magoo} 2k
[10:05] {ese} nice mags
[10:05] {Threei} closer to .50
[10:06] {ese} i buy too many shares of it to stay around too long
[10:07] {Threei} SQNM, what a dog
[10:07] {Threei} WFC again
[10:07] {Threei} .90 break short
[10:07] {Threei} half lot
[10:08] {ese} at some point that one will be a long play vad......reasonable company have the crap kicked out of it
[10:08] {dptl} in wfc
[10:08] {nemo} in
[10:09] {fernp} not available here
[10:09] {nemo} stop 26?
[10:09] {Threei} just above
[10:09] {magoo} FAS trying boss
[10:09] {magoo} FITB hands out scalpers regrett to magoo :(
[10:10] {jfjf64} stoped wfc
[10:11] {ese} fitb 2 day high
[10:11] {dptl} stopped wfc
[10:11] {nemo} stopped
[10:16] {ese} qqq covered gap maybe up from here
[10:16] {Threei} Long Setup: CAT .70 break if stays above .60
[10:16] {dptl} in
[10:17] {nemo} in
[10:18] {Threei} if works, plan is: half out near .80 for a day trade, out in full for scalpers
[10:20] {ese} thinking long WFC vad at .01....opinions
[10:20] {magoo} in CAT
[10:20] {ese} missed it anyway
[10:20] {Threei} hard to ytell ese... looks right to me but WFC fooled me today already
[10:21] {ese} hmmmm
[10:21] {Threei} half out CAT
[10:21] {nemo} out cat
[10:21] {magoo} really?..thought we'd let her move
[10:21] {Threei} [10:18] {Threei} if works, plan is: half out near .80 for a day trade, out in full for scalpers
[10:22] {magoo} missed that ..oops
[10:22] {Threei} sigh
[10:22] {Threei} dino, send him to get coffee please
[10:24] {Threei} trailing stop to .65 for the balance
[10:24] {wulff} you like .80 break for new entry CAT?
[10:24] {Threei} yes if never loses .70
[10:25] {dino} gremilns, having computerr issues
[10:25] {nemo} Ha! that's what we used to call it in systems work when we couldn't figure it out
[10:25] {Threei} those are not gremlins... that's magoo pouring orange juice on your keyboard when you are not looking
[10:26] {magoo} excuse was orange soda
[10:26] {Threei} or that
[10:26] {dino} why do i need spyware protect 2009, when i have norton?
[10:27] {Threei} Long Setup: HIG .62 break half lot
[10:27] {Threei} if stays above .50
[10:28] {magoo} in
[10:28] {dptl} in
[10:28] {dino} they have blocked me from all websites but theirs'mygn to .39 stuck
[10:29] {Threei} did it ever break .62?
[10:29] {nemo} no
[10:29] {fernp} no
[10:29] {Threei} or you are all aggressive?
[10:29] {magoo} agg here
[10:29] {dptl} it was like 100 sh left
[10:30] {ese} anyone go long fas
[10:30] {Threei} everyone is withg reserve on these stocks
[10:30] {ese} thinkin about pull back here to .50
[10:30] {magoo} cat crazy..was .78..dropped to .66 ..then .80
[10:30] {nemo} in
[10:30] {Threei} finally CAT
[10:31] {magoo} u see it drop first or too busy scolding us lol
[10:31] {Threei} not sure what your point is
[10:32] {Threei} as long as it didn't stop me out, who cares
[10:32] {magoo} no popint..was a crazy move is all..something to see
[10:33] {jfjf64} stoped hig
[10:33] {nemo} stopped hig
[10:33] {dino} ens to .87
[10:33] {dptl} stopped hig
[10:33] {fernp} stopped
[10:33] {magoo} yeah..kills me ..01 cent off vads entry and kill u
[10:34] {dptl} Vad ,you still in cat?
[10:34] {Threei} offered 1/4 .90, didn't get fill
[10:35] {nemo} FITB short?
[10:35] {dptl} but if you sold half at 1:1 should you been out second at b/e?
[10:36] {Threei} gosh... anyone is reading my coments today?
[10:36] {nemo} yeah, I scalped cat and stopped out on hig and wfc
[10:36] {Threei} [10:24] {Alert} Threei trailing stop to .65 for the balance
[10:37] {Threei} CAT 1:2, 1/4 more out
[10:37] {nemo} I still haven't got my prizes from last week, Vad
[10:37] {dptl} oh sorry missed that comment gocha
[10:37] {Threei} if there is any deviation from routine I post it
[10:38] {Threei} stop to under .75 for the balance
[10:38] {dptl} was all out btw on cat ty
[10:42] {magoo} out CAT here .97 TY vad
[10:42] {magoo} DL
[10:42] {Threei} welcome
[10:43] {Threei} out in full +.30
[10:43] {magoo} scalpers regrett will be dished out i fear
[10:47] {magoo} i wanna let my winners win..but i keep scalpin SIGH
[10:48] {magoo} now vads ignoring me.....
[10:48] {Threei} now?
[10:49] {magoo} well..i just took u off it seems like now to me
[10:49] {Threei} maybe I need to reciprocate...
[10:49] {Threei} Long Setup: PALM .85 break
[10:50] {Threei} stop for scalpers under .80, for day traders under .70
[10:50] {nemo} partial in
[10:50] {nemo} partially more
[10:51] {Threei} hit 1:1 for scalpers
[10:52] {nemo} didn't see that
[10:52] {Threei} ??
[10:52] {Threei} spiked to .95, took half of my shares at .92
[10:53] {Threei} are we in the same universe}?
[10:53] {magoo} i was .97 no fill
[10:53] {Threei} no because it toped out at .95
[10:53] {magoo} yup
[10:53] {Threei} kind of hard to get fill at .97
[10:53] {magoo} man..why u on my case? LOL
[10:53] {Threei} ummm
[10:54] {Threei} let me think
[10:54] {Threei} 'cause you are here?
[10:54] {Threei} actually no
[10:54] {Threei} I am on yor case when you are not here just the same
[10:54] {magoo} i miss 3 trades..take two aggressive..ask many dumb questions..dont reply to your questions..and u give me sh#t
[10:55] {Threei} really... why would I {G}
[10:55] {dptl}'s just one of those monday Vad ,hard to wake up :)
[10:55] {Threei}
[10:56] {nemo} poor polar bear
[10:56] {dptl} ye there...ekzaktly
[10:56] {Threei} that was very rude of HIG
[10:57] {nemo} kick palm vad
[10:57] {Threei} sure thing
[10:58] {Threei} stop to .75 for daytraders
[10:59] {Threei} for those who still soundly asleep: this is a slight deviation from routing since 1:1 for daytraders is not reached yet; so I post stop trailing
[10:59] {Threei} from routine
[11:00] {magoo} HUH?
[11:00] {magoo} which one {lol}
[11:00] {chinggis} Vad any read on DRYS?
[11:01] {Threei} feels up to me
[11:01] {chinggis} u mean no good?
[11:01] {Threei} OK... it's official now
[11:01] {Threei} everyone is asleep today, lol
[11:01] {Threei} up means moving up
[11:02] {Threei} you know... price increase
[11:02] {Threei} as opposite to down which means price decrease
[11:02] {chinggis} sorry... ty
[11:02] {Threei} hehe
[11:02] {nemo} threeish is tough
[11:03] {Threei} ideally, if it moves couple times betwen .05 and .10, then breaks with msrket help
[11:03] {Threei} that would be perfect setup
[11:03] {chinggis} ok ty
[11:06] {nemo} stopped palm
[11:09] {Threei} I am lost
[11:09] {nemo} why
[11:09] {Threei} by this stop you went for a scalp
[11:09] {Threei} if so, you had your 1:1
[11:09] {nemo} right
[11:09] {nemo} missed it
[11:09] {nemo} that's all
[11:10] {Threei} it's been there twice
[11:10] {nemo} first long one I missed. Had orders sitting @ .92 that did not get filled
[11:10] {nemo} had I gone for .91, would have got it
[11:11] {magoo} um..would have got .905 he he...BUT not .97 where i was
[11:11] {magoo} .95
[11:12] {Threei} DRYS is holding decently
[11:12] {Threei} needs market help
[11:12] {Threei} if gets it, should do well
[11:13] {chinggis} ok
[11:13] {jfjf64} what ya lk for entry
[11:13] {Threei} .10 break
[11:13] {jfjf64} ty
[11:14] {Threei} - follows his report on last Friday that GS and JPM to be among first banks to be allowed to repay TARP and govt permission could come as early as this week
[11:14] {jfjf64} stop at .05
[11:14] {nemo} that should propel the financials
[11:15] {Threei} if holding above that, yes jf... and not "at" but "under"
[11:15] {jfjf64} ty
[11:19] {chinggis} If DRYS hits 7.04 , is short point
[11:19] {chinggis} ?
[11:19] {chinggis} is it short point?
[11:19] {Threei} judgment call... I wouldn't
[11:19] {chinggis} ok ty
[11:24] {Threei} MNKD
[11:24] {Threei} - U.S. Food and Drug Administration (FDA) has accepted and filed MannKinds New Drug Application (NDA) for AFRESA, an ultra rapid-acting insulin. MannKind is seeking FDA approval of AFRESA for the treatment of adults with type 1 or type 2 diabetes mellitus for the control of hyperglycemia. {NVO}
[11:36] {fernp} .
[11:37] {jfjf64} anybody up for littlle 5 card lol
[11:50] {nemo} of course, screw the consumer
[11:51] {Threei} OGXI lost its mind
[11:51] {nemo} whoa
[11:52] {nemo} that'll increase costs
[11:56] {Threei} if PALM ever works it's going to be officially to longest play of the day
[12:01] {Threei} Short Setup: HIG .80 break
[12:02] {Threei} if stays below .90
[12:07] {nemo} still valid?
[12:09] {Threei} yeah
[12:10] {dptl} in
[12:11] {nemo} won't take my order
[12:11] {Threei} huh?
[12:12] {nemo} frickin' Mondays
[12:15] {Threei} I don't even know what that means... what, you got message "take your order back, we don't want it"?
[12:16] {nemo} sorry had sell on didn't get fill @ .78
[12:16] {Threei} so... second chance
[12:16] {Threei} first weakness from here
[12:17] {nemo} in .81
[12:21] {Threei} die already HIG
[12:21] {nemo} palm won't live, Hig won't die
[12:21] {Threei} typical monday...
[12:22] {nemo} does tht make next Tuesday Monday?
[12:23] {Threei} sureely FAS and HIG don't mean to break out this time of the day?
[12:23] {nemo} looks that way
[12:24] {magoo} AAPl move on volume
[12:25] {Threei} what the deuce
[12:25] {jfjf64} stoped
[12:25] {nemo} stopped
[12:25] {dptl} stopped
[12:25] {Threei} FAS new high
[12:25] {fernp} stopped
[12:30] {dino} finally back
[12:37] {ese} ese is not away
[12:38] {ese} ese has been patiently watching FITB
[12:38] {nemo} ese talks about himself in the 3rd person
[12:38] {Threei} want to try 7.90 break?
[12:38] {nemo} scalpers 1:1 on palm
[12:39] {ese} maybe
[12:40] {ese} q's look like there going that way
[12:40] {nemo} fas climbing fitb not
[12:40] {ese} does everyone see those mesages.....ese is away....or does that just appear on my screen
[12:40] {chinggis} Vad any read on ZION? 10 min looks attractive
[12:41] {Threei} bothers me that it didn't really follow FAS on this last move
[12:41] {chinggis} ok ty
[12:42] {ese} yes noticed that
[12:44] {dino} i see them
[12:44] {nemo} what, Gremlins?
[12:44] {ese} zion a litle more than FITB though vad
[12:44] {Threei} PALM nears to 1:1 for daytraders
[12:44] {dino} that and dead people
[12:45] {magoo} .
[12:45] {jfjf64} cat
[12:45] {dino} amed
[12:49] {ese} L Fitb..01
[12:50] {Threei} PALM finally
[12:50] {ese} as soon as i go long the q's move against me...daaaaaaa^%$
[12:51] {Threei} out 1/4 more
[12:53] {Threei} stop for the last portion to under .90, no lose territory
[12:53] {Threei} that's one patience-trying trade
[12:55] {nemo} ever go long amed, Dino?
[12:57] {dino} not yet was thinking .00 trig
[12:57] {dino} or whoosh down to 30.10s
[12:58] {dino} aipc interesting
[12:59] {nemo} break of .10?
[12:59] {nemo} nevermind
[13:00] {Threei} MAY NAHB HOUSING MARKET INDEX: 16 V 16E
[13:02] {nemo} market selling the housing news?
[13:04] {Threei} anyone else but him believes that?
[13:06] {ese} out FITB .02 -.09
[13:06] {ese} went smaller shares this time good thing
[13:07] {dino} missed aipc, sidetrack day
[13:07] {ese} make tha .82
[13:07] {Threei} what am I trying to squeeze out of PALM this ime of the day?
[13:07] {ese} Vads 6th sense for danger i guess
[13:08] {Threei} something wasn't right about that ese
[13:08] {Threei} then again, whole day today is not right
[13:08] {ese} definately.....
[13:08] {ese} yes would agree
[13:09] {ese} even though i's an up day...weird day
[13:09] {Threei} trailing last portion PALM to under .95
[13:09] {nemo} Feels like a Potemkin rally
[13:09] {ese} whats a potemkin rally?
[13:09] {nemo} like Potemkin village...just facades. Doesn't feel real
[13:10] {ese} hmmmmmm
[13:10] {Threei} it's nemo demonstrating knowledge of russian historyt
[13:10] {nemo} then again, I'd have to have a grip on reality in the first place
[13:10] {ese} ahhhhhh
[13:11] {Threei} Potemkin villages were purportedly fake settlements erected at the direction of Russian minister Grigory Potyomkin to fool Empress Catherine II during her visit to Crimea in 1787.
[13:12] {ese} go figure
[13:15] {ese} empire looks prosperous type of thing....lets tax the people a litle more?
[13:16] {Threei} done with PALM
[13:17] {Threei} can't believe this trade took so long
[13:17] {Threei} not that I was to reject money only because it wasn't instant
[13:17] {dino} amed sm l .00
[13:18] {dino} tricked me
[13:19] {nemo} Monday Dino...Don't worry, turnaround Tuesday (but wait the rally was today) is just around the corner
[13:19] {nemo} :)
[13:19] {dino} lol
[13:20] {dino} too nany distractions today, possible tenant, drain pipe from roof leak, computer issues...
[13:22] {Threei} {GM F F.IT}
[13:22] {Threei} and that will be the last nail in auto industry coffin
[13:25] {dino} his timing i horrible\
[13:25] {Threei} akin to getting patient fresh from chemo to run marathon
[13:26] {magoo} dumb is he?
[13:26] {magoo} lets place costly restrictions..excellent timing
[13:33] {magoo} .
[13:35] {Threei} lol... chnggis, remember we discussed NVDA earlier?
[13:35] {chinggis} yes
[13:35] {Threei} it's right where it was within 3-5 cents still
[13:35] {dino} akam sm l .00
[13:36] {nemo} who dino?
[13:36] {chinggis} yes it is not moving much
[13:36] {Threei} [10:04] {Alert} Threei this is one of those that can torture you for hours within a very narrow range unless market is really moving
[13:36] {chinggis} usb breaking hod
[13:37] {Threei} if we were tortured by PALM, this one would really kill us
[13:37] {dino} akam
[13:37] {dino} opps afam
[13:45] {Threei} Long Setup: FAZ .20 break
[13:45] {Threei} stp .14 for scalpers
[13:46] {Threei} under .10 for day traders
[13:49] {nemo} in
[13:49] {dptl} in vaz
[13:49] {dptl} faz
[13:49] {nemo} whoa dp, drinking already?
[13:50] {Threei} as if he ever stopped
[13:50] {Threei} it's dp we are talking about
[13:50] {dptl} :)
[13:50] {nemo} maybe that was the problem
[13:50] {_king} threei - what time frames are you using?
[13:52] {Threei} on charts?
[13:52] {Threei} 1 min and daily
[13:58] {_king} ya
[13:58] {_king} thanks
[14:04] {ese} king is back....huh??....ELVIS baby!!!!!where ya been?
[14:05] {_king} lol
[14:05] {Threei} lol ese
[14:05] {ese} wrong king?
[14:06] {ese} for a second I thought this was devine intervention......a sign from above.....i'd signed up with the right board......
[14:07] {Threei} dp... this man is way too sober
[14:07] {ese} orrrrrrrr........
[14:07] {ese} way too loaded.......???
[14:07] {dptl} :)
[14:08] {nemo} mickey mouse blotter ese?
[14:08] {ese} yes indeed????
[14:08] {ese} and will be picking up another one june 4th
[14:08] {nemo} like the cactus or fungi myself
[14:09] {ese} make that july is heading to disney land....july 4 to july 9
[14:09] {dino} afam stop to .29
[14:10] {ese} nemo dino...mags ....the lot of ya.....can fly out to the west coast lfor a beer? hmmmmm
[14:11] {magoo} in {to invitatiuon and beer}
[14:11] {dino} would love to, but no time
[14:11] {dptl} stopped fas
[14:11] {dptl} faz
[14:12] {ese} if your there mags....lets hook up
[14:13] {dino} out afam .32, +.32
[14:14] {magoo} oh..sorry married hetero
[14:14] {nemo} make exceptions for sheep magoo?
[14:15] {magoo}
[14:16] {nemo} larisa retired?
[14:18] {dptl} ok thats it for me for's just not working for me today ,have a good evening all see ya tomorrow :)
[14:19] {ese} see ya dp....
[14:19] {Threei} take care dp, sure not our day
[14:19] {ese} you mean for the nemo....larissa tha is
[14:19] {ese} for the day
[14:19] {Threei} two wins are of a nice size, yet don't keep us in black
[14:24] {Threei} .short WFC .20
[14:25] {Threei} stop above .30
[14:25] {magoo} full lot?
[14:25] {Threei} yeah, stop is tight enough
[14:26] {dino} meli
[14:26] {magoo} stop? where?
[14:26] {Threei} let's see:
[14:26] {Threei} [14:25] {Threei} stop above .30
[14:27] {Threei} it means, if it trades at any price starting with .3
[14:27] {Threei} like .31
[14:27] {magoo} oh missed it lol
[14:27] {Threei} .32
[14:27] {Threei} etc
[14:27] {Threei} what is it today, lol
[14:28] {dino} meli sm l .00
[14:28] {magoo} any read on our pet CAT?
[14:29] {Threei} not here
[14:29] {magoo} which room then?
[14:31] {Threei} weverythinbg is backwards today
[14:32] {nemo} stopped all
[14:32] {nemo} done for day
[14:32] {jfjf64} stoped
[14:41] {Threei} what's with INSM?
[14:42] {ese} watching the q's about erratic
[14:43] {Threei} and narrow
[14:43] {Threei} I don't like today at all
[14:43] {nemo} painful day
[14:43] {Threei} P{ALM new highs
[14:44] {ese} ands as soon as i say that.....boom
[14:44] {ese} they take off
[14:45] {nemo} yeah, forgot all the upgrades financials got today plus that indian market having to be stopped because it went up too much
[14:45] {dino} amed to .42
[14:45] {nemo} volumes still anemic
[14:46] {ese} whats the news...q.s goin crazy
[14:46] {Threei} none
[14:46] {nemo} post lunch run
[14:47] {nemo} we're around the highs for the day yes?
[14:47] {dino} y
[14:49] {Threei} 05/13/09 07:01am
[14:49] {Threei} [INSM] Insmed Incorporated Reports Q1 $0.96 v -$0.04 y/y, R $2.37M v $2.35M y/y
[14:49] {Threei} - As of March 31, 2009, the Company had total cash, cash equivalents and short-term investments on hand of $127.5 million, compared to $2.4 million on hand as of December 31, 2008.
[14:49] {Threei} all I could find
[14:49] {Threei} seems to be under strong accumulation
[14:50] {Threei} NVDA
[14:51] {dino} to .58 amed
[14:51] {dino} to .60
[14:51] {dino} aipc .00 trig thinking
[14:52] {dino} out amed reverse, ave. 61 +.61
[14:55] {dino} out meli .40, +.40
[14:57] {dino} qsii
[14:57] {dino} is that an idia company?
[14:57] {dino} india
[14:58] {ese} alright everyone....have to leave you for the day....still L drys...take care see you tomorow
[14:58] {nemo} health care
[14:58] {Threei} take care ese
[14:58] {dino} cya es
[14:59] {ese} see ya
[14:59] {Threei} INSM moving
[14:59] {nemo} by
[14:59] {fernp} bye ese
[15:13] {wulff} ...
[15:13] {nemo} the lycan awakes
[15:18] {Threei} FAS wants to break 10 or what
[15:24] {magoo} is that a call?
[15:25] {Threei} no
[15:25] {nemo} been porn...I mean....web surfing again mags?
[15:25] {Threei} this is the call:
[15:25] {Threei} Long Setup: FAS 10 break if holding above 9.90
[15:25] {magoo} if IF i had..mkts would be green {oops}
[15:26] {nemo} right mags
[15:28] {nemo} off to sell politically incorrect merchandise. cya tomorrow
[15:28] {dino} cya nemo
[15:28] {magoo} bye nemo
[15:34] {Threei} FAS spiked into resistance
[15:34] {Threei} not delighted by buying spike
[15:36] {Threei} take a quick scalp if you entered
[15:36] {Threei} drop under 10 will be entry again
[15:36] {jfjf64} out
[15:39] {jfjf64} yikes
[15:39] {Threei} shrug
[15:39] {Threei} I am telling you
[15:39] {Threei} everything is backwards
[15:39] {Threei} the weirdest day I've seen in quite a while
[15:40] {wulff} we can give you a break for once,
[15:40] {wulff} but do some heavy drinking tonight
[15:41] {Threei} why wait?
[15:43] {jfjf64} faz break 5 ?
[15:44] {jfjf64} i think im reachin
[15:44] {jfjf64} sd be drinkin
[15:45] {Threei} I doubt it's worth the risk jf
[15:45] {Threei} at least FAS trade was in tune with general mood of the day
[15:49] {Threei} SRS is decimated today
[15:49] {dptl} [12:41] {wulff} but do some heavy drinking tonight
[15:49] {dptl} [12:41] {&Threei} why wait?...
[15:49] {dptl} you guys still trading?
[15:49] {Threei} lol
[15:49] {dptl} :)
[15:49] {wulff} sulking
[15:49] {Threei} we at least did FAS scalp dp
[15:50] {dptl} oh..i see
[15:50] {Threei} now crying about exiting too soon
[15:50] {Threei} but sheesh
[15:50] {Threei} whoever could suspect it had such run in it can throw a stone at me
[15:51] {Threei} btw magoo
[15:51] {Threei} you took it??
[15:51] {Threei} you literally squeezed that call ouyt of me
[15:51] {wulff} be right back, my rocks are outside
[15:55] {Threei} FAZ new lows
[15:59] {magoo} ok ty all
[15:59] {Threei} not happy with today by any measure
[15:59] {Threei} okay guys
[15:59] {Threei} let's have a relaxing evening,
[15:59] {Threei} see you tomorrow
[15:59] {magoo} you'll get the tomorrow..u always do
[16:00] {lamant} byebye
[16:00] {fernp} good evening all

Thursday, May 14, 2009

May 14 2009

One of those "can do no wrong" days. All plays worked like charm on both long and short side. DRYS, WFC, LVS, MGM, HIG, some of them gave a few plays. 

Session Time: Thu May 14 00:00:00 2009

[07:47] {vinod} good morning
[07:48] {nemo} mornin'
[07:48] {vinod} I am early Have meeting at 8.00
[07:48] {nemo} in something already vinod?
[07:49] {vinod} I expect we go down big today
[07:49] {nemo} I would agree, but that probably means we're wrong
[07:49] {vinod} they going to let people go today and i have to delet their log on
[07:49] {nemo} oy weh
[07:49] {vinod} see you nemo
[07:50] {nemo} take care vinod
[08:08] {Threei} Good morning
[08:08] {magoo} morning
[08:08] {lamant} morning
[08:08] {Threei} magooevsky. lamant :)
[08:09] {magoo} nice :)
[08:09] {lamant} :) hehe
[08:09] {magoo} man..i didnt see vnda close 12.96..sheesh
[08:09] {Threei} no kidding
[08:09] {Threei} rocket
[08:10] {magoo} thats one i wish i had a do-over
[08:10] {Threei} I wish it weren't so incredibly volatile so I could call it with more confidence
[08:10] {Threei} intuition was screaming it's a mover... discipline said, look at the size of the loss on it if anything goes wrong
[08:11] {Threei} thing drops a dollar ona a few sales, lol
[08:11] {Threei} but I am going to tease larisa about it for years to come
[08:16] {nemo} RIMM CAT FITB TCK DRYS continuuing to trend down from yesterday
[08:16] {Threei} interestingly enough NQ is green
[08:17] {magoo} to soon to conclude that nemo imo
[08:17] {nemo} Didn't say it would continue, that's where they are at the moment
[08:18] {magoo} oops..sorry
[08:20] {nemo} no probs...vinod was on earlier, said thinks we'll go down big today. I agreed, and then said, "which probably means we're wrong." I'm a broken clock, dude. Right twice a day
[08:20] {Threei} hey
[08:20] {Threei} just make sure you do two trades a day,
[08:20] {Threei} and time them exactly right with that broken clock moment
[08:20] {Threei} and you'll retire in no time
[08:20] {magoo} lol vad
[08:21] {nemo} piece a cake
[08:21] {Threei} see? I provide morning sunshine
[08:21] {magoo} could be extremely successful..take 200k shares twice a day for a dime
[08:21] {nemo} so what movie we doing today Mags?
[08:21] {Threei} mags is doing fallen
[08:21] {Threei} he promised me
[08:21] {nemo} Azazel
[08:22] {nemo} "Did I ever tell you about the day I almost died?"
[08:22] {Threei} hey
[08:22] {magoo} mags "has"fallen
[08:22] {Threei} don't sppil it for him
[08:22] {Threei} spoil
[08:22] {nemo} "Please allow me to introduce myself..."
[08:22] {nemo} Great movie mags...
06[08:23] * Threei slaps magoo around a bit with a large DVD box and list of broken promises
[08:23] {magoo} put me on the broken promises list
[08:24] {nemo} Tiiiime is on my side, yes it is...
[08:25] {Threei} that's not a list you want to be on mags
[08:26] {Threei} too many politicians for comfort
[08:30] {Threei} *APR PRODUCER PRICE INDEX M/M: 0.3% V 0.2%E
[08:30] {nemo} energy probably
[08:30] {Threei} PPI EX FOOD&ENERGY: 0.1% V 0.1%E
[08:30] {nemo} there you go
[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 637K V 610KE; CONTINUING CLAIMS: 6.560M V 6.400ME
[08:31] {nemo} not as dumb as i look
[08:31] {Threei} - Prior jobless claims revised from 601K to 605K
[08:31] {Threei} - Prior Continuing Claims revised from 6.351M to 6.358M
[08:31] {nemo} then again, NO ONE could be as dumb as I look
[08:32] {pita} gm all
[08:33] {Threei} pita :)
[08:39] {fernp} good morning everybody
[08:39] {Threei} fern :)
[08:42] {Threei} WFC is once of stronger finnies
[08:45] {Threei} things are greening slowly
[08:46] {nemo} green shoots
[08:46] {Threei} yeah, them
[08:46] {pita} need more manure
[08:46] {Threei} rofl
[08:46] {Threei} shouldn't be a problem I guess
[08:47] {pita} there's plenty
[08:47] {cosmo} it just needs to be refined
[08:47] {Threei} and presses are still on
[08:48] {pita} processed - that's what the talking heads do
[08:50] {cosmo} yeah...they chew on it
[08:50] {dino} gm all
[08:51] {Threei} dino :)
[08:51] {nemo} dino :)
[08:51] {nemo} What movie today Dino?
[08:51] {dino} lol
[08:51] {Threei} oh jeez
[08:51] {Threei} look at this:
[08:52] {Threei} WINNIPEG A winter storm watch has been issued for parts of western Manitoba and the Interlake.
[08:52] {Threei} Environment Canada says a low pressure system in Alberta will track across Saskatchewan today and into Manitoba by tonight.
[08:52] {Threei} Rain is expected to begin this evening and change to snow overnight, with snow tapering off near midday Friday. Up to 20 centimetres of snow are possible
[08:52] {Threei} am I ever glad I moved...
[08:52] {nemo} GLobal warming
[08:53] {cosmo} every day it starts over again...
[08:53] {pita} renewal?
[08:54] {cosmo} the sun
[08:54] {cosmo} top down
[08:54] {pita} y
[08:54] {nemo} bottoms up!
[08:54] {cosmo} hmmm .... methane from the depths
[08:54] {nemo} what did you eat?
[08:55] {cosmo} uppers
[08:55] {nemo} oy....
[08:57] {ese} morning vad.....
[08:58] {ese} nemo cos
[08:58] {ese} pita
[08:59] {pita} ese
[09:00] {nemo} ese ...:)
[09:02] {Threei} ese :)
[09:02] {ese} snow in manitoba ehhhhhh....
[09:02] {dino} rmbs
[09:04] {jfjf64} mornin
[09:05] {cosmo} rmbs: another good day in court
[09:06] {ese} you and me are both glad we moved here vad
[09:06] {Threei} 05/14/09 09:00am
[09:06] {Threei} [RMBS] Rambus Inc FTC dismisses case against company
[09:06] {Threei} - FTC has issued an order dismissing the remainder of its case against Rambus. This follows a recent denial of the Commissions request for certiorari with the US Supreme Court to review the Rambus case and brings the 7- year matter to a close.
[09:06] {Threei} - In its order, the FTC indicated it would not pursue further proceedings against Rambus in this matter, stating the Commission finds that further litigation in this matter would not be in the public interest.
[09:08] {Threei} GM
[09:10] {dptl} good morning all
[09:10] {Threei} dp :)
[09:12] {ese} dp
[09:15] {chinggis} gm all
[09:15] {Threei} chinggis :)
[09:19] {jfjf64} whats a matter vad i dont get smiley face!!!
[09:20] {Threei} sorry jf... RBSM distracted me... went looking for its news and missed your entrance
[09:20] {Threei} RMBS too
[09:20] {jfjf64} i know lol lets get em
[09:21] {Threei} is it deep emotional trauma or,given couple months of nave-gazing and case of vodka you'll be able to overcome?
[09:22] {Threei} you are not a snowwhite like magoo, are you... once I haven't smiled at him, he was pouting for weeks
[09:23] {jfjf64} not here
[09:23] {pita} bright side is..... no one's been trouted...yet
[09:23] {Threei} we are trying to stay away from fish till 9:24
[09:24] {pita} :)
[09:28] {Threei} WFC strength again
06[09:31] * nemo slaps Threei around a bit with a large trout
[09:32] {Threei} Long Setup: DRYS .16
[09:33] {dptl} in
[09:34] {dptl} stop?
[09:34] {Threei} under 6
[09:34] {Threei} sheesh WFC
[09:35] {dino} holx l .94
[09:36] {Threei} WFC quick pullback
[09:36] {Threei} let's see if we get something atound .40 - .50
[09:36] {nemo} fas
[09:37] {Threei} DRYS 1:1, half out
[09:37] {magoo} out druys .27 TY
[09:37] {fernp} out DRYS ty
[09:38] {Threei} 6 is major support for it... want to try and give second half a chance
[09:38] {nemo} out scalp
[09:38] {chinggis} out drys ty
[09:38] {Threei} welcome guys
[09:38] {dptl} half out ty
[09:38] {Threei} WFC, one more drop please?
[09:41] {magoo} be careful what u ask for lol
[09:42] {Threei} picked up half of DRYS back at .10
[09:42] {Threei} kind of umbrella trade
[09:43] {wulff} sneaky
[09:43] {Threei} sold .18
[09:44] {Threei} not doing it anymore unless it drop closer to 6
[09:44] {Threei} so I could get it back with very tight stop
[09:46] {Threei} look at VNDA drop... illustration to its volatility I mentioned earlier
[09:46] {ese} L RMBS .97 agressive enytry
[09:47] {dino} nktr
[09:47] {Threei} WFC becomes more interesting
[09:47] {Threei} not ready yet
[09:48] {Threei} NKTR
[09:48] {ese} stop .77
[09:49] {dino} prsc
[09:50] {ese} RMBS stopped -.20
[09:50] {dino} pru -10 since fri
[09:50] {ese} ya win some ya loose some
[09:50] {Threei} if DRYS holding 6, first uptick if for entry second half
[09:51] {Threei} stop is right under 6 for whole thing
[09:51] {Threei} out
[09:52] {Threei} never gave entry to add
[09:52] {Threei} (thank goodness)
[09:52] {Threei} look what happens when major support is broken
[09:52] {dino} pcln -015 since tues
[09:52] {dino} -15
[09:54] {pita} WFC?
[09:55] {Threei} WFC support in .90 for now
[09:55] {Threei} but FAS is still dropping
[09:55] {Threei} no indication whether it's a double bottom or breakdown
[09:57] {Threei} Long Setup: WFC 24 break if holding .90 this time
[09:57] {nemo} oops
[09:57] {Threei} too fast?
[09:57] {dptl} ye
[09:57] {magoo} i caught .05
[09:57] {fernp} missed here
[09:57] {nemo} just call me "thumbs"
[09:58] {Threei} watch FAS
[09:58] {Threei} WFC is good for another entry when FAS upticks
[09:59] {Threei} got .02 this time
[09:59] {Threei} half out .14
[09:59] {Threei} out 1/4 more
[10:00] {Threei} stop .99, offering .30
[10:00] {nemo} didn't see fas uptick until WFC had left station
[10:00] {Threei} it did, right when WFC was .01
[10:00] {Threei} mags... exiting any??
[10:01] {magoo} out full .28 here TY
[10:01] {Threei} whew
[10:02] {Threei} out .30
[10:02] {dino} vrtx
[10:02] {nemo} Massachusetts did that. You have to buy it
[10:04] {dino} sm l aipc .64
[10:04] {Threei} watch FAS/BAC pair now
[10:04] {Threei} 11 break is idea for BAC
[10:05] {magoo} too funny hit .99
[10:05] {Threei} too fast again
[10:05] {nemo} yeah
[10:05] {Threei} pulling back
[10:05] {magoo} outbac
[10:05] {magoo} dimer
[10:05] {Threei} brief dive under 11 iswhat I want to see for entry
[10:05] {magoo} .08 actually
[10:06] {Threei} yeah right
[10:07] {ese} I think that push down by drys might signal a turn around.....
[10:08] {Threei} Long Setup: LVS .80 break
[10:09] {Threei} watch MGM
[10:09] {Threei} LVS is aggressive entry when MGM upticks
[10:10] {Threei} in
[10:10] {Threei} .55 stop
[10:11] {Threei} come on MGM, break .80
[10:11] {dptl} in .62
[10:11] {Threei} yep, that's what I got too
[10:12] {magoo} .64
[10:13] {Threei} half out .72
[10:13] {dptl} out half
[10:13] {Threei} scalpers have over 1;1
[10:14] {Threei} stop .59 now
[10:14] {Threei} MGM drops
[10:14] {Threei} okay okay
[10:14] {Threei} out
[10:14] {jfjf64} ty vad
[10:15] {Threei} what's with these nervous movements today
[10:15] {dptl} out.56
[10:15] {Threei} market is like high school grad 1 hour before prom
[10:15] {dino} pru
[10:15] {jfjf64} joecool here
[10:15] {magoo} f'in WFC
[10:16] {Threei} WFC should drop into .50 now mags
[10:16] {Threei} if you like it, watch for entry around there with FAS guidance
[10:17] {Threei} what's that?
[10:17] {Threei} Long Setup: MGM .65
[10:18] {Threei} scalpers aim to axit above .70
[10:18] {Threei} with stop under .60
[10:18] {Threei} daytraders hold with stop under .50
[10:19] {Threei} and look to partial close to .80
[10:19] {Threei} you got your WFC magoo?
[10:19] {Threei} hit .53, like clockwork
[10:19] {magoo} no u like?
[10:19] {Threei} don't know didn't watch it at the moment
[10:19] {Threei} assumed you did
[10:20] {dptl} in mgm .87
[10:20] {dptl} .67
[10:20] {Threei} scared the hell out of me dp
[10:20] {nemo} in .66
[10:20] {Threei} but even .67 a bit too high...
[10:20] {Threei} trigger was .65, adn was easily available
[10:21] {nemo} out ty
[10:21] {Threei} scalpers got their target
[10:22] {ese} bstop drys .17
[10:23] {dptl} out
[10:23] {ese} sorry that bstop is .19
[10:23] {dptl} .72
[10:23] {Threei} guys, let's elaborate definitions
[10:23] {Threei} Long Setup: ABCD 20 break
[10:24] {Threei} means buy when broken
[10:24] {Threei} unless you want aggresive entry of course
[10:24] {jfjf64} cant pull up
[10:24] {Threei} prepare limit entry at 20.03 if 3 cents chansing is your limit of tolreance
[10:25] {Threei} and click buy when 20 offers disappear
[10:25] {Threei} now,
[10:25] {Threei} Long Setup: ABCD 20
[10:25] {Threei} means, 20 itself is a trigger,
[10:25] {Threei} prepare 20.01 entry,
[10:25] {Threei} don't be a first buyer unless stock is thin
[10:25] {Threei} and try to grab 20 when buying starts and offers melt down
[10:26] {Threei} worst casde scenario, get 20.01
[10:26] {magoo} out .77 MGM ty
[10:26] {Threei} call for .65 entry was caused by the fact that MGM topped at .64 twice
[10:26] {Threei} day traders got 1:1 on MGM
[10:26] {dino} pru wall at .50
[10:27] {Threei} so, .65 became a trigger,
[10:27] {Threei} but since there was a scalping version for a very small gain in this play
[10:27] {Threei} I didn't want to say .64 break, which leaves too much room
[10:27] {Threei} and opted for strict .65
[10:28] {Threei} hope it's clear
[10:30] {dino} sm l .50
[10:30] {ese} bstop intc .48
[10:30] {nemo} of what dino pru?
[10:30] {dino} y
[10:30] {ese} couple of bstops we'll see what happens
[10:31] {wulff} I tried to buy ABCD but missed it.
[10:31] {nemo} you used capitals?
[10:32] {dino} stop to .47 mkt drop
[10:33] {nemo} tchk?
[10:33] {nemo} tck?
[10:34] {ese} L intc
[10:35] {wulff} HIG
[10:35] {magoo} WFC
[10:35] {dino} to .80
[10:36] {magoo} seems 25 comiyth
[10:36] {dino} out +.30
[10:40] {Threei} let's leave WFC alone for now
[10:40] {Threei} HIG feels like better candidate
[10:45] {dino} feels like a friday
[10:52] {dino} holx stopped -.22
[10:52] {Threei} sheesh LVS
[10:53] {magoo} really
[10:59] {ese} l drys filled at .18
[11:01] {Threei} - auditors will have to be registered with PCAOB audit watchdog
[11:03] {Threei} LVS
[11:03] {Threei} dropped right into .80 support
[11:03] {nemo} an...
[11:04] {Threei} let's see if it gives chance for entry by approaching it once again, before going back up
[11:04] {Threei} first strength from here
[11:04] {Threei} in
[11:04] {Threei} stop under .80
[11:04] {dptl} in .06
[11:05] {dptl} .86
[11:05] {magoo} .90
[11:05] {magoo} dammit:)
[11:05] {Threei} sheesh
[11:05] {Threei} mags... what;s with relentless chasing
[11:05] {Threei} anyway
[11:05] {Threei} out
[11:05] {Threei} .98
[11:05] {dptl} out .96 ty
[11:05] {magoo} slow
[11:05] {jfjf64} .96 ty nicee
[11:05] {Threei} clean play on pullback into formet resistance, new support
[11:06] {magoo} out .03
[11:06] {chinggis} out 9.01 ty ty
[11:06] {nemo} tck keeps going
[11:06] {magoo} i just got to desk from coffee run
[11:06] {magoo} never saw .86
[11:06] {jfjf64} could not of said bettr picture perfect
[11:07] {dino} crmt
[11:07] {dino} t l .15
[11:08] {Threei} pelosi on interrogation techniques and hw she was or was not briefed
[11:08] {Threei} is there any sngle person in USA who believes her?
[11:09] {nemo} lying pisd..!
[11:10] {nemo} wfc va
[11:10] {nemo} vd
[11:10] {nemo} vad
[11:10] {nemo} jeez
[11:11] {nemo} Vad's school of keyboard wizardry
[11:11] {vinod} good afternoon
[11:11] {Threei} vinod :)
[11:12] {jfjf64} fas 9.00
[11:12] {jfjf64} tough ##
[11:14] {Threei} I keep waiting for HIG pulback and not getting it
[11:14] {Threei} too conditioned to ignore breakouts lately
[11:14] {nemo} one of the financials really pulling back
[11:14] {nemo} none
[11:15] {dino} glre
[11:15] {wulff} too conditioned to ignore pullbacks am i
[11:21] {ese} ok out intc .55 +.07 huge done for the day all still long drys.....see you tomorow
[11:23] {dino} gj es
[11:23] {Threei} take care ese
[11:26] {jfjf64} sellin hig
[11:32] {nemo} how'd the hatchet job go vinod?
[11:32] {Threei} Short Setup: HIG .25 break
[11:33] {dptl} in
[11:33] {magoo} in
[11:33] {nemo} in
[11:34] {nemo} stop?
[11:34] {dptl} stop .35?
[11:34] {Threei} stop above .35
[11:34] {Threei} for hardcore scalpers above .30
[11:35] {Threei} and they are about to get their 1;1
[11:35] {Threei} there they go
[11:36] {Threei} 1:1 for first version of stop
[11:37] {dptl} half out .15 ty
[11:37] {pita} HIG ty, gotta go, cu later
[11:37] {Threei} take care pita
[11:37] {magoo} take care pita
[11:40] {magoo} out
[11:40] {dptl} all out now
[11:40] {Threei} you guys are really stingy
[11:40] {nemo} shorting on an up day
[11:41] {Threei} is it a "tsk tsk tsk" kind of comment?
[11:41] {nemo} tck tck tck
[11:42] {Threei} because if it's a question, I can explain... but if it's a reproach, I take tomorrow off
[11:42] {Threei} and the rest of today
[11:42] {nemo} no reproach
[11:42] {Threei} and whole weekend
[11:42] {Threei} come on
[11:43] {Threei} say yes reproach
[11:43] {nemo} I prefer admonishment
[11:43] {Threei} more than tghree syllables
[11:43] {nemo} out
[11:44] {dptl} what is it, reproach?
[11:44] {nemo} approach
06[11:44] * Threei sends dp The Dictionary of Under Three Syllables Words
[11:45] {Threei} 1;2
[11:45] {dptl} oh here is my .05 too stingy i am :)
[11:45] {Threei} 1/4 more out
[11:45] {Threei} why modify the standard procedure?
[11:45] {Threei} 1:1, stop to breakeven
[11:45] {Threei} which would be .25 - .26
[11:45] {Threei} what kind of stop was that, above .20?
[11:45] {Threei} not here nor there
06[11:46] * dptl slaps dptl around a bit with a large trout
[11:46] {Threei} ty
[11:46] {Threei} slap nemo with something hard and heavy while you are at it
06[11:46] * dptl slaps nemo around a bit with a large trout
06[11:46] * nemo in foxhole
[11:47] {Threei} btw, speaking of standard procedures...
[11:48] {Threei} where is the stop for the last portion now?
[11:48] {magoo} 05
[11:48] {dptl} .05
[11:48] {nemo} .05
[11:48] {Threei} and before this last bounce?
[11:48] {dptl} .22
[11:48] {magoo} huh?
[11:48] {Threei} lol
[11:49] {nemo} 1:1
[11:49] {dptl} no .12
[11:49] {Threei} never mind magoo...
[11:49] {Threei} nemo gets the prise
[11:49] {Threei} out last portion
[11:49] {magoo} long here .05
[11:49] {nemo} what I win what I win what I win :)
[11:49] {Threei} ummm... prize to be determined yet
[11:50] {nemo} Larry retire?
[11:50] {Threei} I guess
[11:52] {Threei} Long Setup: HIG .05 break
[11:52] {Threei} if stays above 14 for those hardcore etcm
[11:52] {magoo} echo??
[11:52] {Threei} if stays above .95 for sane traders
[11:52] {magoo} [11:49] {magoo} long here .05
[11:52] {dptl} in
[11:53] {Threei} you are welcome to view it as validation, magooski {G}
[11:53] {nemo} cmon give me .07!
[11:54] {nemo} in
[11:54] {nemo} stop @ .00
[11:55] {Threei} pesky hardcore etc got their 1:1
[11:56] {dptl} out ty
[11:56] {Threei} stingy ones too
[11:57] {nemo} out ty
[11:57] {jfjf64} out ty
[11:57] {Threei} sane ones got their 1;1
[11:57] {nemo} lunchtime scalps
[11:57] {Threei} then there is magoo...
[11:58] {magoo} WFC rips
[11:59] {nemo} sw that Mags
[11:59] {magoo} in 02 WFC'
[11:59] {nemo} saw
[12:00] {Threei} WFC
[12:00] {Threei} - BFSR ratings to C- from D+; cites imrpovement in capital ratios
[12:00] {Threei} wow
[12:00] {Threei} that's first rathing upgrade I've seen since
[12:00] {Threei} ummm
[12:00] {Threei} forever
[12:01] {magoo} out here .16
[12:02] {magoo} new HIGH SPY
[12:02] {Threei} HIG on the move
[12:03] {magoo} phone for u vad..its LVS
[12:03] {jfjf64} lol mags
[12:03] {nemo} reentry on hig over .20?
[12:04] {Threei} no
[12:04] {Threei} don't buy tisk
[12:05] {Threei} interesting how MGM is so much weaker
[12:08] {Threei} sheesh
[12:08] {Threei} 20 people in the room, no one asked what tisk is?
[12:09] {nemo} risk
[12:09] {nemo} Vaadish
[12:09] {Threei} either you all are proficient in Threeish,
[12:09] {nemo} do I get another prize
[12:09] {Threei} or you all are asleep,
[12:09] {Threei} you sure do
[12:09] {patience} vad, i need a refresher course on trade what you see. I keep waiting for POT to drop and the sod keeps going up. What is tisk?
[12:09] {Threei} risk :)
[12:10] {nemo} patience...[12:08] {&Threei} 20 people in the room, no one asked what tisk is?
[12:10] {nemo} [12:09] {nemo} risk
06[12:10] * nemo slaps laserdave around a bit with a large narwhal
[12:10] {patience} i'm distracted with POT...I can't believe it keeps going up
[12:10] {Threei} every print can be viewed as someone buying riskm and someone selling risk
06[12:10] * nemo hopes he didn't get laserdave with the tusk
[12:11] {magoo} out hig here .26..not bad for nut job:)
[12:11] {Threei} there is certain level where it's reasonable
[12:11] {Threei} and then there is magoo :)
[12:11] {Threei} with HIG entry at .05 it is reasonable ro hold for .20 break,
[12:11] {Threei} but to buy there as a new entry - buying too much risk
[12:12] {Threei} anyway, glad to see we played HIG on both sides
[12:12] {Threei} like violing.. short, cover, switch to long
[12:12] {Threei} violing?
[12:12] {Threei} sigh
[12:13] {jfjf64} double good
[12:13] {nemo} Although, since I first asked about 20 break it built a range for about 7 minutes before breaking. WHile buildig the range volume decreased from initial pop over .20 and then increased when it broke .20 the 3rd time.
[12:13] {Threei} or as old little Johnny joke goes, twice is twice
[12:13] {nemo} at the same time?
[12:14] {Threei} it made a play more reasonable
[12:14] {nemo} Isn't that little misha
[12:14] {Threei} and if HIG wasn't up over two bucks already from the low, I would go for it
[12:15] {nemo} would have been a scalp. Is HIG possibly coming into support here?
[12:25] {Threei} - notes there is no appeal process for the dealers that are being cut
[12:26] {Threei} what a frikin disaster...
[12:26] {Threei} Long Setup: LVS .50 break
[12:26] {Threei} just a scalp most likelyt
[12:27] {Threei} no chasing beyond .51
[12:27] {dptl} in
[12:27] {nemo} that was quick
[12:27] {magoo} .49
[12:28] {dptl} stop under .40 right?
[12:28] {nemo} in
[12:28] {Threei} or under .45
[12:28] {Threei} both are valid
[12:29] {Threei} for differenet degrees of stingyness
[12:29] {nemo} partial fill
[12:29] {Threei} 1:1 for most stingy
[12:30] {nemo} ty
[12:30] {dptl} out
[12:30] {Threei} 1:1 for less stingy
[12:30] {magoo} i can nebver remember if im stingy..greey..insane?
[12:30] {nemo} or all three
[12:31] {Threei} you are all things imaginable, mags
[12:31] {Threei} oh and some of unimaginable too
[12:31] {dptl} jee i am tooo stingy today
[12:31] {nemo} frickin antichrist
[12:31] {wulff} TY out .62
[12:31] {Threei} hey
[12:31] {Threei} guess who is on TV
[12:31] {Threei} wulff :)
[12:31] {nemo} Oprah?
[12:31] {Threei} you wish
[12:31] {nemo} Hillary?
[12:32] {nemo} Janene Garofalo?
[12:32] {magoo} out here .68 TY vader lord of flies
[12:32] {Threei} 1:2
[12:32] {Threei} out in full
[12:32] {jfjf64} ty
[12:32] {Threei} welcome
[12:32] {jfjf64} schhss
[12:32] {Threei} say what?
[12:32] {Threei} actually... never mind
[12:33] {Threei} schhss to you too
[12:33] {jfjf64} lol
[12:36] {Threei} GM
[12:37] {vinod} a new cady?
[12:37] {jfjf64} are ya serious car vouchers
[12:37] {Threei} me?
[12:38] {Threei} I am copying and pasting
[12:38] {Threei} shoot the messenger all you wish
[12:39] {Threei} now UAW is thinking:
[12:39] {Threei} we can accpet all those alms,
[12:39] {vinod} UAW workers will be census taker jobs to count the half dozen or so of people who still remain in Detroit
[12:39] {Threei} or we can stand firm, send them to bankruptcy and get them for ourselves just as we did Chrysler
[12:41] {vinod} out DRYS 6.30 from earlier in morning
[12:43] {Threei} not bad
[12:43] {vinod} they let some people go today and i was bussy
[12:44] {vinod} let people go from mutual fund group only
[12:45] {jfjf64} hig shortable14.10
[12:45] {jfjf64} ?
[12:46] {Threei} not sure
[12:47] {jfjf64} ty
[12:50] {jfjf64} invalid i cd say thanks
[12:55] {chinggis} Vad any read on BRCD?
[12:56] {Threei} I like the chart... just feels like its potential for the day is exhausted
[12:56] {Threei} or very close to it
[12:56] {Threei} unless market makes a huge move, BCRD doesn't have much gas left for the day
[12:57] {Threei} wow... Prez... "even if you are not a member of union, you owe something to the unions"
[12:57] {chinggis} ok ty vad
[12:57] {nemo} you've got to be shitting me?!
[12:57] {Threei} live on TV
[12:58] {nemo} well, they were a huge reason democrats were elected, they'll be paying them off for years
[12:58] {Threei} free choice act will level playing fieled
[12:58] {nemo} free choice?
[13:00] {Threei} do away with secret ballot on union drives
[13:00] {nemo} no, that won't level the playing field, it let's the unions know exactly who is voting for what so they can apply pressure
[13:01] {Threei} preaching to the choire
[13:02] {Threei} I was quoting still, in case it wasn't clear
[13:02] {magoo} hey vad..i eatring bacon cheeseburg
[13:02] {Threei} see you in an hour
[13:02] {Threei} magoo did it
[13:03] {nemo} Mmmmh...FITB had a 9.2% increase in short interest last month
[13:18] {Threei} interesting
[13:19] {Threei} look how HIG is holding while market and FAS drop
[13:19] {nemo} in
[13:19] {nemo} just kidding
[13:20] {magoo} dammit..dumped my coke on keyboard
[13:20] {magoo} son of a beeeaaatch
[13:20] {nemo} liquid?
[13:20] {Threei} you guys are easy to humor eh?
[13:21] {nemo} and your's is so sophisticate
[13:21] {nemo} d
[13:23] {magoo} BKUNA vad
[13:27] {Threei} - private equity groups reportedly want BKUNA in receivership because it would allow them to buy the assets without paying for the equity.
[13:27] {Threei} - Note: Bidders rumored in past have included JC Flowers and Co, BX, Carlyle Group and Wilbur Ross
[13:28] {Threei} this is beyond joke:
[13:28] {Threei} - Notes that the first stimulus package has yet to realize its full potential
[13:28] {vinod} mor viagra?
[13:29] {vinod} any long short?
[13:29] {nemo} for pelosi! It would take more than viagra for me
[13:31] {vinod} no. comment. boss will get mad!!!!!!!!!!
[13:39] {jfjf64} lvs strong mgm sleep walkin again
[13:43] {dino} pretty sure it hasn't passed yet
[13:44] {jfjf64} i agree
[13:44] {dino} arst sm l .90
[13:48] {Threei} feels like HIG is setting up for another martch up
[13:50] {jfjf64} hmm
[13:52] {magoo} lvs nears top vad
[13:54] {magoo} mgm moving vad
[13:54] {Threei} thanks for keeping me updated mags...
[13:54] {magoo} long .28
[13:55] {magoo} huh?
[13:55] {Threei} well... you take extra pain to let me know what moves.. so I thought I would exp]ress appreciation
[13:56] {magoo} just team player here
[13:59] {wulff} vad the market closes in 2 hours
[13:59] {Threei} wow
[13:59] {Threei} you guys are just bottomless well of information today {G}
[13:59] {Threei} truly inexhaustible
[13:59] {nemo} deep subject
[14:00] {magoo} roflol wulff
[14:01] {Threei} lol, still giggling here
[14:01] {wulff} Missed FAs bounce
[14:01] {magoo} MGM MGM MGM
[14:01] {Threei} HIG too
[14:02] {magoo} LVS LVS
[14:08] {wulff} I know you hate BO's, but LVS C-H?
[14:08] {magoo} out mgm .40
[14:14] {magoo} out hig .88 TY boss
[14:16] {Threei} I don't hate them per se wulff
[14:16] {Threei} I just don't believe we are in the market where they work
[14:20] {wulff} picky picky
[14:20] {jfjf64} hig monster
[14:23] {magoo} new high in micspoozy
[14:23] {magoo} SPY
[14:28] {magoo} vad..only 90 minutes left
[14:29] {dptl} i think i'm gonna call it a day (good one) ty... and have a good evening all :)
[14:29] {Threei} mags... we are running at frikin 100% today... is there limit to your demands??? :)
[14:29] {Threei} take care dp
[14:29] {magoo} no
[14:29] {Threei} lol, didn't think so
[14:33] {magoo} pissed u had to ask?
[14:33] {magoo} lol
[14:33] {Threei} hehe
[14:38] {magoo} micspooz
[14:38] {magoo} high
[14:39] {jfjf64} market new highs vad
[14:40] {dino} arst to flat
[14:40] {Threei} sigh
[14:40] {Threei} you guys really want to rid me of the crown of Captain Obvious
[14:41] {jfjf64} no we realy want hig pullback lol
[14:42] {Threei} here it is
[14:42] {jfjf64} need fas to corporate
[14:43] {nemo} look at the volumes on the indices
[14:44] {Threei} on a light side
[14:44] {nemo} anorexic
[14:46] {dino} aipc stop to .97 alldayer
[14:47] {jfjf64} hig
[14:47] {Threei} ok
[14:47] {Threei} prepare half lot if you want to paly it
[14:48] {jfjf64} k
[14:48] {Threei} 15 break
[14:48] {Threei} stop under .95
[14:48] {Threei} this type of plays ca take a few tries
[14:48] {Threei} that's why half lot, so you could do it without to much damange
[14:49] {dino} make it .02 mkt drop
[14:49] {Threei} and no chasing
[14:49] {Threei} it's a precision play
[14:50] {Threei} 1:1
[14:50] {fernp} out ty
[14:50] {Threei} nice and easy
[14:50] {jfjf64} out ty
[14:51] {dino} to .14
[14:52] {jfjf64} that was stress
[14:52] {jfjf64} good read with half lot
[14:52] {dino} out .20 ave, +.56
[14:53] {Threei} well jf... government thinks banks are better for the stress tests
[14:53] {Threei} same probably should apply to you
[14:54] {Threei} and hey... where does the stress come from... we run at 100% today, no single stop,
[14:54] {laserdave} test
[14:54] {Threei} littgle play half lot with 6-7 cents stop,
06[14:54] * nemo slaps laserdave around a bit with a large trout
[14:54] {Threei} how can it be that stressful? "_
[14:54] {laserdave} i needed that
[14:54] {laserdave} thanks
[14:54] {nemo} np
06[14:55] * Threei slaps laserdave around a bit with a large banner TEST THIS!
[14:55] {jfjf64} seems lk hig wants to gv all back
[14:55] {laserdave} i always pass the test
[14:57] {dino} arst stopped .94, +.04
[14:57] {nemo} hig crossback 15?
[14:57] {Threei} nah
[14:57] {jfjf64} im thinkin too much
[14:58] {Threei} lower lowes, lolwer highs
[14:58] {nemo} better you than me?
[14:58] {Threei} why go second time for teh same trigger,
[14:58] {Threei} to have less potential and bigger stop?
[14:58] {Threei} for this trigger to become valid HIG needs to stop making lower lows,
[14:59] {Threei} consolidate a bit
[14:59] {Threei} then break
[14:59] {Threei} otherwise chances of false break arwe too high
[15:00] {Threei} VNDA
[15:00] {Threei} - will present posters on its newly approved atypical antipsychotic, Fanapt (iloperidone), at the 162nd American Psychiatric Association (APA) annual meeting in San Francisco, California. Fanapt is indicated for the acute treatment of schizophrenia in adults. Vanda will also present two posters on tasimelteon at APA
[15:11] {dino} ddrx
[15:11] {dino} ens
[15:13] {Threei} hey guys... rounds of applause for Larisa who came out of retirement for an hour to say hello
[15:14] {Threei} sleepy or jealous?
[15:15] {larisa} or dead :) later :)
[15:15] {Threei} :)
[15:15] {jfjf64} hi larissa
[15:15] {Threei} to late
[15:21] {Threei} hmmm
[15:21] {Threei} HIG stopped following FAS up
[15:22] {Threei} server hiccup?
[15:22] {nemo} i'm fine
[15:22] {fernp} me too
[15:22] {nemo} connection wise
[15:22] {Threei} 9 people got dumped at the same time
[15:27] {Threei} they return
[15:27] {nemo} Hah! Lord Vader you have Capt. Kirk to contend with...
[15:28] {jfjf64} is this a wedge hig
[15:28] {Threei} it makes meaningless momvements here,
[15:29] {Threei} market/FAS next move will define whast HIG does,
[15:29] {nemo} or to be grammatically correct... with whom to contend. Well, off for the day...sayonara
[15:29] {Threei} with downward bias most likely
[15:29] {Threei} take care nemo
[15:29] {jfjf64} ty
[15:29] {nemo} Take it any way I can get it :)
[15:30] {vinod} nemo-you had it right i said at 8.00 a.m market will do down
[15:31] {dino} wrld s .16
[15:33] {Threei} wow
[15:33] {Threei} little did I know typing "downward bias" eh?
[15:34] {jfjf64} hmm
[15:35] {jfjf64} all day follow fas
[15:38] {Threei} I even prepared alert typed
[15:38] {Threei} if market breaks down, HIG .90 short
[15:39] {Threei} and refrained
[15:40] {dino} bstop wrld to b/e
[15:41] {fernp} have to go. good evening all. see you tomorrow
[15:41] {dino} to .12
[15:41] {dino} cya fernp
[15:41] {Threei} take care fern
[15:45] {dino} cov .12 +.04
[15:47] {jfjf64} good night all nice day ty
[15:48] {Threei} wait jf
[15:48] {Threei} I need to show you this guys
[15:48] {dino} cya jf
[15:48] {jfjf64} here
[15:48] {Threei} Eighty-four percent (84%) of Americans say English should be the official language of the United States.
[15:48] {Threei} I have a queatikon
[15:48] {Threei} why is it even a subject of syrvey??
[15:49] {Threei} Eighty-one percent (81%) say a U.S. company should be allowed to require employees to speak English on the job
[15:49] {Threei} ???
[15:50] {Threei} that's so weird
[15:50] {jfjf64} crazy
[15:51] {Threei} volume is fairly questionable today
[15:51] {Threei} although buying looked quite sustainable
[15:52] {Threei} shrug
[15:52] {Threei} no predictions, taking it day by day
[15:56] {Threei} okay guys, nice day today
[15:56] {Threei} as always... market changes, takes us a day or two to adapt, then we restore our wining streak
[15:56] {dino} wrld s .20 sm
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening
[15:57] {Threei} see you tomorrow
[15:58] {dino} take care vad
[16:00] {magoo} ty all

Wednesday, May 13, 2009

May 13 2009

Overnight hold on VNDA worked like charm; so did HIG long and COIN long prepared from yesterday and called today. Second half of the day was boring and empty, but morning gave us all we needed.

Session Time: Wed May 13 00:00:00 2009

[08:01] {magoo} mornink comrades
[08:02] {Threei}  good morning
[08:04] {Threei}  VNDA baby
[08:04] {magoo} u didnt hold over nite did u?
[08:05] {nemo} yes he did
[08:05] {Threei}  I did
[08:05] {magoo} thats a widow maker
[08:05] {Threei}  I alerted from the get go that it was a hold for me unless resolves before day's end
[08:05] {Threei}  sold part at 11.45
06[08:05] * nemo slaps Threei around a bit with a large roll of gold dubloons
[08:06] {Threei}  got last 300 shares, trying to ofer them at 11.90 but will exit for less if wind changes
[08:07] {Threei}  with 10.80 entry price and partial for 65 cents profit, that was as close to calculated risk as yu can get
[08:08] {Threei}  if 11.38 melts, will dump 100 more into it keeping last 200
[08:10] {Threei}  lol, no chance
[08:10] {nemo} what "no chance"?
[08:11] {Threei}  [08:08] {Threei} if 11.38 melts, will dump 100 more into it keeping last 200
[08:14] {Threei}  sheesh... who bought 61 share from me at .45?
[08:16] {magoo} i did lol
[08:16] {Threei}  sigh
[08:16] {Threei}  want 39 more?? :)
[08:21] {Threei}  ok... sold that odd leftover at .63
[08:22] {Threei}  200 left
[08:22] {magoo} that does it..........................
06[08:22] * magoo slaps Threei around a bit with a large trout
[08:22] {Threei}  I take it as congratulations and expression of envy
[08:26] {Threei}  100 more at .75
[08:26] {Threei}  that's +.95
[08:26] {Threei}  last 100 left
[08:26] {nemo} how'd you miss those .87s
[08:27] {Threei}  there was no bid, and I haven't offered there
[08:30] {Threei}  APR ADVANCE RETAIL SALES: -0.4% V 0.0%E; EX AUTOS: -0.5% V 0.2%E
[08:30] {Threei}  PR IMPORT PRICE INDEX M/M: 1.6% V 0.6%E; Y/Y: -16.3% V -16.8%E
[08:31] {nemo} that put a damper on things
[08:34] {magoo} vad..understood we need to wait -n-see..but working theory for today??
[08:35] {Threei}  none yet
[08:35] {pita} gm all
[08:36] {Threei}  pita :)
[08:39] {magoo} day for the coveted FAZ play vad??
[08:39] {Threei}  mags, when I say I havce no comments yet... are you going to press me for answer until I give you any?
[08:40] {magoo} thats hardly a press :)
[08:40] {cosmo} sounds like good reporting to me
[08:40] {magoo} cranky even after making dough
[08:40] {cosmo} good press
[08:40] {fernp} good morning all
[08:40] {Threei}  fern :)
[08:40] {Threei}  I wasn't reading the market yesterday well,
[08:40] {Threei}  you know what I do when I am not in the tune?
[08:41] {Threei}  I decrease activity
[08:41] {Threei}  not push harder
[08:41] {cosmo} MDCO wants to heal i think
[08:45] {cosmo} ... i thot
[08:46] {Threei}  so, they already raised it?
[08:46] {Threei}  out last partion VNDA 11.50
[08:46] {Threei}  done with it for now
[08:56] {Threei}  RIMM
[08:59] {Threei}  magoo
[08:59] {Threei}  feel like premarket gamble?
[08:59] {Threei}  FAS .20 break long with stop under .10
[08:59] {dptl} good morning all
[08:59] {Threei}  dp :)
[09:01] {KSystems} pooping kittys maybe
[09:01] {magoo} u in it vad?
[09:02] {Threei}  only when those become market-changing event, KS
[09:02] {Threei}  it didn't break yet magoo
[09:02] {magoo} timmy  on tv cnbc
[09:02] {Threei}  and no, I had my fix of gambling with VNDA overnight
[09:02] {KSystems} choking chickens
[09:02] {ese} good morning
[09:02] {KSystems} hi ese
[09:02] {Threei}  ese :)
[09:03] {ese} ksys...vad
[09:04] {Threei}  ?
[09:05] {Threei}  FAS 1:1
[09:05] {tomg} ty vad
06[09:06] * Threei adds tom to the list of gamblers
[09:06] {tomg} :)
[09:06] {Threei}  magoo didn't take it?
06[09:06] * Threei crosses magoo out of the gamblers list
[09:06] {magoo} no..went for coffee..sigh
[09:07] {Threei}  hmmm
[09:07] {magoo} been trying to get off that list for years
[09:07] {Threei}  you wanted it, it was within 1 cent from trigger and you went for coffee?
[09:07] {dino} gm all
[09:07] {Threei}  that's the most laid back attitude I've ever seen in traders
[09:07] {Threei}  dino :)
[09:08] {magoo} why ty
[09:08] {vinod} good morning to all
[09:08] {Threei}  vinod :)
[09:08] {vinod} good morning to all
[09:08] {Threei}  vinod :)
[09:12] {Threei}  I am afraid we won't see larisa anymore
[09:12] {magoo} huh?
[09:13] {Threei}  she went for all or nothing play on VNDA with purpose of retirement
[09:14] {Threei}  [13:58] {larisa} bought 100K of VNDA, want to retire in the evening :)
[09:14] {Threei}  look for her somewhere on hawaiian beach
[09:18] {jfjf64} mornin all
[09:18] {Threei}  jf :)
[09:22] {Threei}  {EUR/USD XLF}
[09:22] {Threei}  duh
[09:24] {cosmo} i need to see indictments
[09:25] {cosmo} like in the late 1980's with RTC
[09:25] {dino} imo watch 5s and 0s
[09:26] {dino} not this time cos, keeping their jobs, companies, and bonuses
[09:26] {cosmo} sigh
[09:26] {dino} "failure" may hurt their feelings
[09:26] {dino} the handling of this is a joke!
[09:27] {cosmo} this is not america...
[09:27] {dino} ok done ranting
[09:27] {dino} opts. exp fri, watch the 5s and 0s
[09:27] {Threei}  told you larisa has retired... why did I ever mentioned VNDA
[09:28] {Threei}  did mentioned.... nice grammmar there
[09:30] {Threei}  watching HIG
[09:31] {Threei}  one more sharp leg down and I'll be interested
[09:33] {dino} aipc stop to .48 from yesterday
[09:33] {dino} to .60
[09:34] {dino} to .66
[09:34] {dino} out major slip ave .59, +.59
[09:35] {dino} holx stopped -.02 holdover
[09:35] {nemo} rimm holding well
[09:35] {dino} ok, all clear
[09:37] {dino} next gaps far away, 4/28; 8016, 1361, 855
[09:37] {Threei}  JNPR
[09:37] {Threei}  watching pullback
[09:38] {nemo} wfc
[09:38] {Threei}  .60 zone will probably be interesting on JNPR
[09:40] {Threei}  HIG is almost ready
[09:40] {fernp} shorted at .39
[09:41] {fernp} out here
[09:41] {Threei}  :)
[09:41] {Threei}  .10 long if stays above 13
[09:42] {dptl} in
[09:42] {Threei}  1:1
[09:43] {dptl} half out
[09:43] {Threei}  and over
[09:43] {tomg} ty vad
[09:43] {Threei}  welcome
[09:43] {Threei}  good timing on cover, fern
[09:43] {fernp} yeah
[09:44] {dptl} more .27
[09:44] {dino} pru gap fill
[09:45] {Threei}  here is somewhat unusual trading idea guys
[09:45] {Threei}  kind of hybrid play
[09:46] {Threei}  COIN
[09:46] {Threei}  long on 2 break,
[09:46] {Threei}  stop is rather in a scalping fashion, under 1.90
[09:46] {ese} theres a name we haven't seen for a while
[09:46] {Threei}  profit target hiwever is more of a swing nature
[09:46] {Threei}  nearest resistance is 2.20
[09:47] {dptl} out more .35 hig ty
[09:47] {nemo} not 2.14 from yesterday?
[09:47] {Threei}  if gets there you'll have to decide between partialing or holding whole thing for bigger run
[09:47] {Threei}  wtg dp
[09:47] {Threei}  why 2.14?
[09:47] {dino} schw gap fill
[09:47] {Threei}  yest high 2.20
[09:47] {ese} dino HMSY......was down 3 bills to start has climbed back
[09:48] {ese} ahhh forget it....volume too thin
[09:49] {dptl} all out .47 hig ty ty
[09:49] {Threei}  welcome... go home
[09:50] {dptl} :)
[09:50] {jfjf64} ty vad
[09:50] {vinod} now i am out hig 13.51
[09:50] {Threei}  jf :)
[09:50] {Threei}  good job guys
[09:50] {wulff} still hard for me to sell into strength
[09:50] {Threei}  hmmm
[09:51] {Threei}  what is it you want to sell into?? :)
[09:51] {wulff} I know, stupid
[09:51] {Threei}  think of it this way:
[09:51] {Threei}  sell when you can - not when you must
[09:51] {wulff} The more I do, the smarter I feel
[09:52] {Threei}  argh
[09:53] {Threei}  got distracted, missed JNPR
[09:53] {dino} mygn sm l ..89
[09:56] {ese} l mygn .80
[09:56] {ese} i'm with ya dino
[09:57] {ese} stop .69
[09:58] {Threei}  COIN
[09:58] {dino} idcc l .05
[09:58] {Threei}  half out for those who want to be on a safe side
[09:58] {Threei}  me out half .30
[09:59] {dptl} you 'll be laughfing ..but i only managed to get 100 shares on coin..out +.30 ty
[09:59] {Threei}  2100 shares?
[09:59] {Threei}  please, whatever you do - do NOT, I reapeat do not spend it all at once
[09:59] {Threei}  100 sorry
[09:59] {wulff} FITB +.30
[09:59] {dptl} 100 yes lol...
[10:00] {ese} out mygn .97 
[10:00] {Threei}  because if you do, you will cause hyperinflation
[10:00] {Threei}  singlehandedly
[10:00] {ese} tks dino +.17
[10:01] {Threei}  anyone else COIN??
[10:01] {ese} wheres your stop on mygn dino
[10:01] {Threei}  come on guys, cheap stock, 1:3 in minutes
[10:02] {tomg} i'm still in it vad
06[10:02] * Threei removes himself to remote monastery in Tibet mountains
[10:02] {Threei}  awww tom
[10:02] {Threei}  do I have tio return from Tibet now? :(
[10:02] {tomg} sorry :)
[10:02] {Threei}  you took half?
[10:02] {tomg} yes
[10:02] {Threei}  good
[10:02] {Threei}  spike is too fast
[10:02] {ese} when did you all get in COIN
[10:03] {Threei}  gotta feed them while they are quacking
[10:03] {tomg} get out here?
[10:03] {nemo} volumes dropping
[10:03] {Threei}  scroll up to 9.45, ese...
[10:03] {ese} dndn going nuts
[10:03] {Threei}  if you have enough shares, take 1/4 more tom
[10:04] {Threei}  DNDN
[10:04] {Threei}  - Size rumored in excess of $1.3B
[10:04] {tomg} ok
[10:04] {dino} idcc stopped -.11
[10:04] {ese} dino tks for mygn 
[10:05] {dino} watching pnra, bwld, holx, layn, rick
[10:07] {dino} np
[10:08] {Threei}  COIN stop to 2.15 for the balance
[10:09] {Threei}  watch HBAN
[10:09] {Threei}  it seems to be moving with some delay vs FAS
[10:10] {Threei}  when FAS stages strong move, HBAN gives a window of opportunity for entry before following
[10:11] {dino} schw l .,65
[10:12] {Threei}  idea of the play would be: FAS just spiked into .30, HBAN moved to .65; FAS retreated, HBAN stayed put. Now if FAS spikes again, buy .65 break on HBAN
[10:12] {Threei}  with stop under .60
[10:12] {dino} holx l .00
[10:12] {Threei}  no FAS spike yet
[10:13] {Threei}  don't enter on "accidental" uptick, you want to see strong leadership by FAS
[10:14] {magoo} in hban
[10:15] {fernp} out ty
[10:15] {Threei}  good reflexes guys
[10:15] {Threei}  glad you are getting these plays where I can mostly give scenario rather than exact call
[10:16] {chinggis} out hban +.08 ty vad
[10:16] {Threei}  :)
[10:16] {Threei}  HBAN is ese play
[10:16] {Threei}  many little buggers, scalp type I
[10:16] {Threei}  watch how perfectly it moves in unison with FAS
[10:17] {ese} was just looking at that hban....
[10:17] {Threei}  just? I am talking about it for the last 10 minutes :)
[10:18] {ese} have been on the phone to disneyland
[10:18] {ese} was looking at fas more....i like the higher double bottom on fas
[10:18] {Threei}  what the deuce... people retire left and right
[10:19] {Threei}  larisa earlier, ese now... I will be alone here in a few months
[10:19] {Threei}  maybe magoo will stay, mostly for the trout
[10:19] {ese} nope!!!! i'll be with you for a while vad ....
[10:20] {ese} l fas .23
[10:20] {ese} speaking of for a while
[10:21] {ese} have had a shiskabob bash at your place for a while
[10:21] {ese} haven't
[10:21] {Threei}  guess who is on TV
[10:21] {fernp} mickey mouse?
[10:22] {ese} ?
[10:22] {Threei}  lord, give me strength not to answer that... {G}
[10:22] {fernp} lol
[10:22] {Threei}  :)
[10:22] {Threei}  president, ese
[10:23] {ese} as long as he influences fas to go up.....i'm ok with it
[10:23] {nemo} coin still going
[10:23] {ese} it's goin down
[10:24] {Threei}  beautiful play
[10:24] {nemo} ese, why would fas go up when the prez is speaking?
[10:24] {ese} wishful thinking
[10:24] {ese} heading up now
[10:24] {Threei}  combination of scalping size stop and swing trade size of wins
[10:25] {Threei}  what else can you ask for
[10:25] {nemo} Jessica Biel
[10:25] {magoo} jessica alba :)
[10:26] {ese} either
[10:26] {nemo} haha both
[10:26] {magoo} both
[10:30] {ese} come on fas..........
[10:30] {Threei}  *DOE CRUDE: -4.7M V +1.1ME
[10:30] {Threei}  GASOLINE: -4.1M V +500KE; DISTILLATE:+1M V +1.2ME; CAPACITY UTILIZATION: 83.7% V 85.6%E
[10:30] {ese} daaaaaa....
[10:30] {Threei}  - Distillate demand +180K bpd to 3.625MM bpd
[10:30] {Threei}  - Gasoline demand -12K bpd to 8.91M bpd{USO OIH}
[10:31] {Threei}  {MCO FIM.FR MORN MHP}
[10:35] {ese} daaaaaaa
[10:36] {magoo} out hban .,73
[10:36] {magoo} ty vad
[10:36] {Threei}  sure
[10:36] {dino} mygn to .19
[10:36] {chinggis} any read on GE vad?
[10:37] {Threei}  I am not inclined to short it chinggis... on a long side it's kind of:
[10:37] {Threei}  gotta see financials seriously recovering,
[10:37] {dino} pnra sm l .58
[10:38] {Threei}  then 13.10 break with stop nder 13 could become a play
[10:38] {chinggis} ok ty 
[10:38] {magoo} RIMM bounce area vad?
[10:38] {chinggis} ok ty
[10:39] {Threei}  can't tell really on RIMM
[10:39] {Threei}  I am not delighted
[10:39] {Threei}  VNDA is holding amazingly well
[10:39] {Threei}  again
[10:39] {dino} idcc sm l .15
[10:40] {tomg} vad, i have to leave for the day. keep coin stop at 2.15?
[10:40] {Threei}  I do
[10:41] {Threei}  sizeable profit on 3/4 is taken
[10:41] {Threei}  last part is nicely protected
[10:41] {Threei}  why not leave it a bit of breathing room
[10:41] {tomg} ok, ty, nice day see you tomorrow
[10:41] {Threei}  take care tom
[10:42] {tomg} :)
[10:42] {Threei}  if you see larisa on the beach, say hello
[10:42] {tomg} ok :)
[10:43] {dino} out mygn reverse slip, .23, +.35
[10:46] {nemo} jnpr heading for DB?
[10:47] {Threei}  doesn't look that way to me
[10:47] {Threei}  rather breakdown
[10:49] {dino} aipc drop
[10:51] {nemo} jnpr following behind RIMM?
[10:52] {dino} aipc sm l .10 wide jumpy
[10:52] {Threei}  way too narrow to use as a follower
[10:53] {Threei}  RIMM bounced 50 cents, JNPR 6
[10:55] {chinggis} MDCO
[10:55] {Threei}  JNPR starts looking like shirt on breakdown
[10:56] {nemo} short sleeve?
[10:57] {Threei}  if market continues down, .28 short trigger
[10:57] {Threei}  stop above .35
[10:59] {dino} aipc stop to .65
[11:00] {dino} mygn pullback, want around .70
[11:00] {dino} aipc to .69
[11:00] {Threei}  AIG
[11:00] {Threei}  - AIG making repayments may take longer if economy declines
[11:00] {Threei}  - Financial products arm is continuing to reduce its risky positions
[11:01] {nemo} break of .28 or .28?
[11:01] {Threei}  low is .29
[11:01] {nemo} yes
[11:01] {Threei}  break of it means .28 is trigger
[11:01] {nemo} kewl
[11:02] {dino} eyes on intc, txn
[11:02] {dino} titn
[11:02] {dino} out aipc .69, +.59
[11:03] {Threei}  interesting...
[11:03] {nemo} in
[11:03] {Threei}  JNPR's downticking even as NQ goes up
[11:03] {Threei}  unless shakes out, should be a good one when NQ reverses
[11:03] {dino} hmmm, i was pondering the same............not!
[11:04] {dptl} ok in jnpr
[11:06] {ese} stopped fas .00 -.23
[11:06] {ese} daaaaaaaa
[11:07] {Threei}  okay JNPR... market helps, why don't you roll over and dies
[11:07] {Threei}  -s
[11:08] {dino} whoosh down coming, gut
[11:15] {pita} gotta go, good huntimg everyone
[11:15] {Threei}  take care pita
[11:15] {nemo} frickin jnpr.  Rimm's already rolled over
[11:17] {dino} aipc drop again
[11:17] {dino} cya pita
[11:19] {nemo} it touched 1:1 should we move to be
[11:19] {dino} ndx -6% in week
[11:20] {nemo} out
[11:20] {dptl} stopped jnpr
[11:20] {ese} L fas.01
[11:21] {Threei}  dp... didn't it touch 1:1?
[11:22] {dptl} breifgly yes but didn't get out
[11:22] {Threei}  redardless of whether you chose to cover or not, stop should have been trailed to above breakeven, no?
[11:22] {nemo} that's what I asked
[11:22] {dptl} yes my mistake
[11:22] {Threei}  this is routine
[11:22] {nemo} stopped at original stop...well actually additional 03
[11:23] {Threei}  we do it always - unless there is some distinction, which I would highlight
[11:24] {dino} mygn sm l .70
[11:28] {dino} 3i (ike) either get to fighting (trading) or get out of here...tombstone
[11:29] {Threei}  huh?
[11:29] {nemo} I'll be your Huckleberry
[11:29] {magoo} your a daisy if u do
[11:30] {jfjf64} what  ever  ya  guys  drinkin  ill hv  one
[11:30] {dino} thats ok, i have two guns one for each of ya
[11:30] {Threei}  or smoking
[11:30] {nemo} That's alright, 600 yards is close enough for me
[11:30] {magoo} {ike}i'll sdee u soon.i'll see u soon
[11:31] {nemo} lunger
[11:31] {magoo} dont any of u have the guts to play for blood?{ringo}
[11:31] {dino} you tell them i'm coming and hell's coming w/me
[11:32] {magoo} {wyatt}i cant beat him can i?..{doc} no
[11:32] {Threei}  I am back to that monastery
[11:33] {nemo} And you must be Ringo. Look, darling, Johnny Ringo. The deadliest pistoleer since Wild Bill, they say. What do you think, darling? Should I hate him? 
[11:33] {nemo} Kate: You don't even know him. 
[11:34] {patience} aliens are taking over people in the room vad
[11:35] {nemo} It appears my hypocrisy knows no bounds
[11:35] {dino} lol
[11:35] {Threei}  totally
[11:36] {magoo} it appears jonnies an educated i really hate him
[11:36] {nemo} n pace requiescat
[11:37] {dino} appears nemo is too
[11:37] {nemo} I have not yet begun to defile myself
[11:38] {nemo} nah...just saw the movie couple hundred times
[11:39] {dino} same
[11:39] {vinod} vad-your take on FAZ if it breaks 6.00
[11:40] {dino} holx to .02
[11:40] {Threei}  worth a try...
[11:40] {Threei}  .90 support, so stop under it
[11:40] {vinod} thanks
[11:41] {dino} seems gut was right
[11:42] {vinod} stop at 5.87 2k
[11:42] {nemo} jpr hit 1:1 :)
[11:44] {dino} -3% dji, =6% ndx, -4.5% s/p from late last week
[11:44] {dino} holx stopped +.02
[11:47] {dino} watching aipc
[11:47] {dino} titn too
[11:49] {dino} afam
[11:49] {Threei}  look at VNDA
[11:50] {Threei}  12.50 and higher in its future or I am hallucinationg?
[11:50] {Threei}  low block
[11:55] {dino} layn l .09
[11:56] {dino} sm'
[12:00] {Threei}  activity died
[12:01] {magoo} actually..just starting now
[12:04] {Threei}  mags...
[12:05] {Threei}  I amtaking about market activity..
[12:05] {Threei}  not browsing questionable sites activity
[12:11] {magoo} whenrever i go to porn mkts go up vad
[12:11] {magoo} i dont like  doing it
[12:11] {magoo} but do it for the team
[12:11] {Threei}  but you must
[12:13] {Threei}  if yesterday repeats, we are about to start slow recovery
[12:14] {ese} out fas .16 +.16  
[12:17] {dino} gj
[12:20] {ese} tks......just back to even on that one
[12:27] {chinggis} Vad fitb 7.20 shortable?
[12:28] {Threei}  with FAS downticking, worth a try, yes
[12:28] {chinggis} ok ty 
[12:29] {Threei}  it's a bit weaker than FAS, so you need FAS either drop;pong or at least staying put; don;t short against FAS going up though
[12:29] {chinggis} ok thank you
[12:32] {chinggis} s fitb
[12:32] {chinggis} .19
[12:33] {Threei}  last bounce topped out at .26
[12:33] {Threei}  so if you are very stingy, that would be a resistance to place stop
[12:34] {nemo} s jnpr?
[12:34] {Threei}  why?
[12:34] {nemo} weakness in q's couldn't breach previous highs
[12:35] {Threei}  I don't see aany chart indications
[12:35] {nemo} ty
[12:35] {dino} out layn .33 +.24
[12:37] {chinggis} covered fitb .14 ty vad
[12:37] {Threei}  what for... you found the play, you executed it... I can take a credit if you insist of course...
[12:38] {Threei}  1:1 here ar .12
[12:38] {Threei}  notice how it worked btw
[12:38] {Threei}  just as we thought:
[12:38] {Threei}  FITB dropped with each FAS downticks or when FAS didn't do anything
[12:39] {chinggis} u gave me FAS correlation, that was very helpful
[12:39] {Threei}  and paused and upticked faintly while FAS went up
[12:39] {chinggis} yes
[12:42] {nemo} headed out might not get back...happy hunting
[12:43] {Threei}  take care nemo
[12:43] {Threei}  FITB 1:1 for more roomy stop abpve .30
[12:43] {Threei}  nice find chinggis
[12:43] {chinggis} ty
[12:45] {jfjf64} faz 6.00
[12:46] {jfjf64} cant  get threw
[13:03] {dino} lod's
[13:06] {Threei}  - Plan would require clearing standardized OTC derivatives and permit CFTC to place limits on derivatives that affected price discovery.{ICE NYX NDAQ}
[13:12] {Threei}  FAZ reached 1:1... very labored move
[13:22] {magoo} .
[13:22] {magoo} ..
[13:24] {dino} partial l layn .02
[13:50] {jfjf64} what  ya  thoughts  last 2  hrs   vad
[13:51] {ese} intc fine really had a big impact didn't it?
[13:51] {ese} it's dn .02
[13:51] {Threei}  thoughts?
[13:51] {Threei}  kidding?
[13:51] {Threei}  I haven't had any in years
[13:51] {jfjf64} lol
[13:51] {ese} funny
[13:52] {Threei}  I almost had to have one when came up with new topic for today
[13:52] {Threei}  but lucked out
[13:52] {ese} this will hurt AMD alot more for makes there business look weak
[13:53] {ese} in that the only way they can compete is through the courts
[13:53] {ese} INTC +.03
[13:55] {dino} fcsx
[13:57] {ese} ese interpretation of ruling in favor of AMD....."now go got your judgement in favor now don't bug us anymore....we'll catch you in bankrupcy court"
[13:57] {Threei}  I don't see news on FCSX
[13:58] {ese} Outta here all see you tomorrow....
[13:58] {Threei}  take care ese
[13:58] {jfjf64} later
[13:58] {ese} see ya vad
[14:00] {dino} nor do i fcsx
[14:00] {jfjf64} fas  fightin  at 9.00
[14:35] {dino} amzn
[14:38] {Threei}  - Notes the Fed will use its authority to promote practices that reduce incentives for behaviors that create systemic risk.
[14:38] {Threei}  - Earlier today, the WSJ reported that the US govt is eyeing an overhaul of banking compensation practices that could effect compensation across the board, not just at firms that took TARP or other govt funds.
[14:40] {Threei}  wow
[14:40] {Threei}  this is more boring that Friday afternoon in August
[14:52] {dino}   indeed sir
[14:54] {vinod} My faz is going no where since I got in morning
[14:55] {vinod} I tok stip out since i was going away 
[14:58] {dino} aipc to 25 strike
[15:11] {dino} right to it and big bounce
[15:13] {nemo} what I miss?
[15:13] {dino} out layn .05 +.03
[15:13] {nemo} well, if that's it...
[15:13] {Threei}  FITB short found by chinggis... and two hours of heaslthy sleep
[15:30] {dptl} i think i gonna call it a day...ty and .have a good evening all :)
[15:30] {vinod} me too have a good evening
[15:30] {Threei}  take care dp
[15:30] {dino} titn l .51 stop .39
[15:32] {dino} make stop .44
[15:35] {nemo} shhhhhhh...don't wake vad....
[15:38] {dino} arst l .33
[15:38] {dino} stop .23
[15:45] {Threei}  VNDA is chewing through
[15:48] {dino} titn stopped slip, .42-.09
[15:50] {dino} aipc l .60
[15:50] {Threei}  [11:49] {Threei} look at VNDA
[15:50] {Threei}  [11:50] {Threei} 12.50 and higher in its future or I am hallucinationg?
[15:51] {nemo} you need to have more hallucinations
[15:51] {Threei}  I would but you guys wake me up all the time
[15:51] {dino} arst stopped
[15:52] {nemo} sleeping they're dreams.  You hve to be awake to hallucinate...minor detail
[15:52] {nemo} my psychiatrist told me
[15:52] {Threei}  not by me
[15:53] {Threei}  I perfectly function in my sleep
[15:53] {Threei}  that includes hallucinating
[15:53] {dino} aipc to .78
[15:54] {dino} out +.18
[15:55] {dino} way soon
[15:58] {Threei}  wow
[15:58] {Threei}  impressive
[15:58] {Threei}  this thing squeezes hard
[16:00] {Threei}  okay guys, thank you all
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {nemo} nite

Tuesday, May 12, 2009

May 12 2009

The day started off the wrong foot as I misread the market. The idea to skip morning breaks and wait for pullback was only partially right, as pullnbacks didn't offer much and stopped us out before any worthy potential could be realized. Second part ofd the day was much brighter with wel-timed casll on recovery. HBAN long and especially VNDA helped make the day brighter.

Session Time: Tue May 12 00:00:00 2009

[08:08] {magoo} morning
[08:09] {nemo} mags :)
[08:09] {nemo} How's your back?
[08:09] {magoo} u mean ankle??
[08:10] {nemo} no, back...Since your walking is screwed up by your ankle I was wondering how your back was
[08:10] {Threei}  may I bring you good news this fine morning:
[08:10] {Threei}  GS
[08:11] {nemo} "timing uncertain"
[08:11] {Threei}  that's very philosophical addition to upgrades and downgrades
[08:12] {magoo} morn vad
[08:12] {magoo} look STEC
[08:12] {Threei}  beat earnings, got upgrade with 15 target
[08:13] {cosmo} STEC..... "timing uncertain"
[08:16] {nemo} original cosmo :)
[08:22] {Threei}  VNDA again
[08:22] {magoo} stec..uncertain..heck it was 14 already..15 tyoday prob
[08:30] {Threei}  (US) MAR TRADE BALANCE: -27.6B$ V -$29.0BE
[08:33] {Threei}  F
[08:33] {Threei}  EUROPEAN APRIL SALES -7.4% Y/Y
[08:33] {Threei}  -7.4?
[08:33] {Threei}  it's nothing
[08:33] {larisa} good morning
[08:34] {nemo} larry :)
[08:34] {Threei}  larisa :)
[08:34] {larisa} nemo, vad :)
[08:35] {lamant} good morning :) i'm new to here
06[08:35] * nemo slaps lamant around a bit with a large trout
[08:36] {magoo} morning lamant:)
[08:36] {Threei}  lamant :)
[08:40] {pita} gm all
[08:40] {Threei}  pita
[08:40] {nemo} pita :)
[08:43] {pita} hi memo
[08:44] {magoo} vad..working theories at this stage?
[08:44] {Threei}  still looking around
[08:44] {Threei}  frikin FTBK
[08:45] {nemo} mbi
[08:45] {Threei}  takes the FITB's torch
[08:45] {magoo} no i meant..we had shalow pullbk..thoughts here
[08:45] {Threei}  HBAN is quite strong too
[08:46] {Threei}  that's what I mean too
[08:46] {nemo} that trade deficit umber seems to have goose the futures a tad
[08:48] {fernp} Hello everybody
[08:48] {Threei}  fern :)
[08:52] {ese} morning
[08:52] {nemo} ese :)
[08:52] {Threei}  ese :)
[08:53] {Threei}  ese... keep an eye on FTBK as candidate to replace your FITB atm
[08:53] {ese} tks vad will do.....
[08:54] {nemo} funny I was thinking the same thing....I can see ese now "20000 of the little buggers"
[08:54] {Threei}  it trades a bit differently, more volatility
[08:54] {Threei}  so keep "buggers" amount reasonable until you get a feel for it
[08:54] {nemo} or you'll get "buggered"
[08:54] {ese} tks
[08:55] {nemo} ese dcc
[08:55] {dptl} good morning all
[08:56] {nemo} dp :)
[08:56] {Threei}  dp :)
[08:56] {ese} one of the reasons for trading fitb was the fact that it does over 10,000,000 daily....most of my trading is done on stocks that averge minimum 10 mill a day
[08:56] {ese} dp
[08:56] {ese} they may move against me but not by very much
[09:02] {dino} gm all, turnaround tuesday
[09:02] {Threei}  dino :)
[09:12] {cosmo} STEC pre mkt high = 14.20 ... just in case
[09:18] {vinod} good morning
[09:18] {Threei}  vinod :)
[09:18] {nemo} vino :)
[09:18] {ese} another major pullback in DRYS should be over soon
[09:18] {nemo} wfc gave back everything from this morning
[09:19] {jfjf64} mornin all
[09:19] {nemo} jf :)
[09:20] {ese} jf
[09:20] {Threei}  jf :)
[09:20] {cosmo} DRYS pre mkt high = 7.24  
[09:21] {cosmo} ... so far
[09:22] {Threei}  my inclinations are on a long side for the opening plays
[09:22] {Threei}  WFC, FTBK
[09:23] {Threei}  26.50 is WFC's support so far
[09:24] {ese} someone take a look at the volume  on the faz daily.......would you interpret that as a wack of short positions being taken on the financials
[09:25] {Threei}  that's one part ese,
[09:25] {Threei}  another is:
[09:26] {Threei}  as it drops it attracts a lot of those who believe in pullback on financials, and at the same time it becomes cheaper so players can afford more
[09:27] {ese} hmmmm
[09:27] {Threei}  if we had dollar volume it would be more objective
[09:27] {ese} yes
[09:28] {ese} seems like it really hit a low at 4:40 yesterday
[09:29] {ese} sorry the day before
[09:29] {Threei}  FTBK, watch for sharp drop at the open
[09:30] {Threei}  if does it, it's a buy
[09:30] {Threei}  not delighted by 3 break at this point
[09:31] {Threei}  WFC, watch for pullback to .60 - .70
[09:33] {Threei}  come on WFC
[09:33] {dino} aipc, ctrp
[09:34] {nemo} lota support at .75 on WFC
[09:34] {nemo} lotta"
[09:35] {ese} am onto aipc dino
[09:36] {nemo} in nomine patre
[09:36] {Threei}  ok
[09:36] {Threei}  watch FAS
[09:36] {Threei}  as a clue for WFC bounce
[09:38] {ese} hmmm aipc number not bad dino
[09:38] {Threei}  .40 cross back long
[09:38] {Threei}  stop under .30
[09:38] {dptl} in
[09:38] {nemo} in
[09:38] {magoo} in
[09:39] {magoo} out .45
[09:39] {magoo} actually .46
[09:39] {nemo} stopped
[09:40] {magoo} + .07
[09:40] {magoo} scalp
[09:40] {fernp} stopped
[09:40] {cosmo} DRYS holding 7 it seems
[09:40] {magoo} i hate drys 
[09:40] {cosmo} sigh... and then i kill it...
[09:41] {dino} aipc double bottom
[09:41] {dino} not sure
[09:42] {magoo} l fas .33
[09:42] {magoo} fast
[09:43] {magoo} no work
[09:43] {magoo} stop
[09:45] {cosmo} TWTC
[09:46] {Threei} Long Setup:  WFC  90 break
[09:46] {Threei}  stop under .75
[09:47] {ese} as long as drys doesn't go below'll be ok to play long cas
[09:47] {ese} cos
[09:47] {magoo} in
[09:47] {dptl} in
[09:48] {nemo} in
[09:48] {ese} man my screens turned red in a hury
[09:48] {dino} sm risky l aipc .86
[09:49] {ese} ya just gonna watch you on this one dino......
[09:49] {Threei}  grrr
[09:49] {dptl} wow ..stopped .69
[09:50] {vinod} not lucky today
[09:50] {dino} day is young
[09:50] {vinod} yes
[09:50] {nemo} stops are blowing right through
[09:50] {dino} aipc good report feels like manipulation to 25 strike
[09:50] {vinod} nemo--Last night my wife said I am dumb trader
[09:51] {nemo} what can I tell you...I'm worse, almost to my daily limit
[09:51] {Threei}  FAS can't find the floor so far
[09:51] {ese} yes...mentioned earlier that i thought the numbers were pretty ood for aipc
[09:52] {fernp} HBAN double bottom?
[09:52] {Threei}  .56 would be HBAN long
[09:53] {fernp} ok
[09:53] {Threei}  DNDN
[09:59] {dino} pnra sm l .50
[10:00] {Threei}  MAY IBD/TIPP ECONOMIC OPTIMISM: 48.6 V 51E
[10:01] {ese} L long drys .08
[10:04] {Threei}  I'll wait for .10 break DRYS
[10:04] {fernp} stopped HBAN
[10:06] {dino} pnra stopped -.35
[10:08] {ese} anyone else long drys
[10:09] {Threei}  will on .10 break, ese
[10:10] {ese} ya....i took the agressive internals are showing up so i think it will break that way
[10:10] {ese} oppps not anymore
[10:10] {dino} don't feel that
[10:11] {Threei}  yeah, quite questionable so far
[10:11] {dino} thurs. gaps filled
[10:11] {Threei}  last week or so morning pullbacks were sure entries
[10:11] {Threei}  not today
[10:11] {Threei}  look at WFC
[10:12] {nemo} arbitrage plays on finnies?
[10:12] {Threei}  ?
[10:13] {nemo} they all sold stock last week at lower prices.  Those who bought selling this week and taking the difference?
[10:13] {ese} was looking a tick up and trin dn dino
[10:13] {dino} over my head
[10:14] {Threei}  that construct makes no sense to me nemo
[10:14] {nemo} issue prices last week were below end of week highs
[10:14] {nemo} flip out of it
[10:15] {Threei}  "they all" - subscribers?
[10:15] {nemo} What I saw of the issues, they were below market at the time
[10:15] {nemo} Why hang around if you can sell it higher.  THe banks are all garbage
[10:16] {Threei}  mnost of them haven't indicated prices, some said already issued and sold, some said will issue and sell
[10:16] {dino} nemo is correct
[10:16] {nemo} Forgive me if I don't trust what they say
[10:16] {dino} they were above issue price, for traders, not institions
[10:16] {Threei}  so it's all just a speculation
[10:16] {Threei}  they said something
[10:17] {Threei}  we have no idea what of that weasd true
[10:17] {nemo} History is merely a fantasy upon which we all agree
[10:17] {Threei}  how do you structure your trade on that?
[10:18] {ese} that would have been better entry for drys.....higher double botom
[10:18] {dino} i'm not trading finies, but they issued lower, so profit taking, keep it simple.who cares
[10:18] {ese} maybe even tripple botom
[10:19] {nemo} I thought that's what I said Dino :)
[10:19] {Threei}  OK... I must try that... WFC 25 break
[10:19] {Threei}  if uncomfortable stay away
[10:20] {dino} you did
[10:21] {Threei}  invalidated
[10:22] {dino} schw l .80
[10:22] {Threei}  a bit too hectic
[10:24] {dino} schw stop to .92
[10:25] {dino} out +.12
[10:27] {Threei}  OK... in WFC on pullback
[10:27] {Threei}  .93
[10:27] {magoo} in 25
[10:27] {dino} gun to the head, retest lod
[10:28] {Threei}  half out .07
[10:28] {Threei}  stop .89
[10:28] {dino} watching txn, schw, wrld, idcc, pnra (want high50s)
[10:29] {dino} intc at 15ish too
[10:30] {Threei}  out balance
[10:30] {Threei}  can you believe that's all avaliable on bounces
[10:30] {magoo} i got it to high
[10:30] {dino} arst
[10:36] {nemo} recross of 25 vad?
[10:36] {Threei}  can't find a firm footing
[10:37] {dino} txn l .75
[10:38] {dino} idcc gap few days ago around 26.90
[10:40] {dino} cpla
[10:40] {Threei}  how abut that, WFC?
[10:41] {nemo} cooked like kfc
[10:41] {dino} pnra approaching target
[10:41] {nemo} market still heading down
[10:42] {nemo} I'm Magooing it...see if it helps
[10:42] {Threei}  yes, but WFC is not making new lows anymore
[10:42] {dino} give it time
[10:43] {Threei}  if FAS starts upticing, next try is probably in order
[10:44] {ese} drys hangin in there in a basically downward pressure market
[10:44] {nemo} well?
[10:45] {ese} well what?
[10:45] {Threei}  you see how fast it moves/
[10:45] {Threei}  ?
[10:46] {Threei}  there is no way I can give you exact entry
[10:46] {nemo} I magooed it and back wondering if change
[10:46] {magoo} makes RIMM look like tyhe hare'
[10:46] {Threei}  FAS broke 9.10, WFC gave a scalpable move
[10:46] {Threei}  but to play this you have to do it watching them, not me
[10:46] {Threei}  by the moment I'll type it play will be over
[10:47] {Threei}  MGM
[10:49] {ese} this is an odd pattern for's either gonna take off or i'm gonna loose a crap load of money
[10:49] {dino} idcc l ave .18
[10:50] {nemo} had my broken clock moment
[10:50] {ese} how so
[10:50] {nemo} [10:36] {nemo} recross of 25 vad?
[10:51] {nemo} on wfc
[10:53] {Threei}  VNDA... sooner or later this thng will surprise
[10:56] {Threei}  WFC is pulling back
[10:56] {Threei}  25 area is natural support
[10:56] {Threei}  but play it with FAS
[10:59] {Threei}  asnyone got it?
[10:59] {magoo} i did .09
[11:01] {magoo} exit waiting .43
[11:01] {magoo} may be to greedy
[11:02] {magoo} out here .38
[11:02] {magoo} TY vad
[11:03] {magoo} rimm bouncer vad?
[11:04] {Threei}  by its own chart no
[11:04] {Threei}  if NASDAQ starts serious recovery, then RIMM will follow
[11:05] {magoo} worth a shot here imo
[11:05] {magoo} long .27
[11:05] {magoo} aapl trying
[11:07] {magoo} rimm stiopped 
[11:07] {magoo} u win
[11:08] {nemo} bottom fell out
[11:08] {larisa} whats happenning RIMM
[11:09] {Threei}  no news
[11:09] {Threei}  told ya by its own chart it was not good looking
[11:10] {magoo} couldnt have entered worse
[11:11] {nemo} you make me feel better
[11:11] {magoo} like it sucked me in waited for me
[11:11] {nemo} yeah, just like a fiancee
[11:14] {dino} rimm hits 70 strike
[11:14] {ese} what does a wind storm and a divorce in Louisianna have in common?
[11:14] {nemo} no eye deer?
[11:15] {ese} either way loose the trailer!!
[11:15] {nemo} oy weh
[11:15] {magoo} roflol
[11:15] {nemo} no it's worse in the divorce...the bitch gets it
[11:15] {ese} thats the whole idea
[11:16] {magoo} news rimm vad?
[11:16] {nemo} in the storm nobody gets it
[11:16] {Threei}  no
[11:16] {nemo} That is unless she's in the trailer when the tornado hits
[11:16] {nemo} cap interest rates, that should be a mess
[11:16] {ese} now was just a joke
[11:18] {nemo} What do you call a lawyer buried in cement up to his neck?
[11:19] {ese} i knew this one.....go for it
[11:19] {nemo} somebody ran out of cement
[11:19] {ese} ha ha
[11:20] {Threei}  AAPL
[11:21] {nemo} should we call this "Turnover Tuesday" Dino?
[11:21] {Threei}  I knoew why market dropped today
[11:21] {nemo} prez on?
[11:21] {Threei}  it was on concerns over miss California losing her title
[11:21] {Threei}  now that she gets to keep it, we should start recovery
[11:21] {dino} out txn .87, +.12
[11:21] {Threei}  WFC is back into support
[11:22] {Threei}  watch FAS for reversal again
[11:23] {dino} lol nemo, day is young
[11:23] {ese} good one vad good one....
[11:24] {ese} the dumb thing is.....that reason is just a valid as some of the other dumb things that make the markets go up and down.
[11:24] {nemo} Well, at least she won't have to worry about drowning.  Doesn't silicone float?
[11:24] {ese} what do you make of this consolidation in drys vad......looks like a page out of your book
[11:25] {Threei}  when it happens in the middle of the range, without pronounced initial move... hard to tell ese
[11:25] {ese} good question....
[11:26] {nemo} fas dropping but WFC up a ta
[11:26] {ese} gotcha.....i'm just preparing just in case it moves against me hard
[11:26] {dino} i=dcc stop to .30
[11:27] {dino} to .35
[11:27] {ese} good one dino......maybe it'll keep goin
[11:28] {dino} idcc
[11:28] {dino} trail tight
[11:28] {dino} to .37
[11:28] {ese} yes....
[11:28] {dino} watching schw again
[11:30] {dino} to .40
[11:30] {dino} bwld
[11:30] {dino} out idcc .40, +.22
[11:33] {ese} nice.... well played
[11:36] {dino} thx
[11:36] {Threei}  WFC starts forming .10 - .20 range
[11:36] {Threei}  if FAS breaks its minirange and repeats march to 10, WFC is likel;y to repeat its march to .50
[11:38] {dino} wrld l .00
[11:51] {Threei} Short Setup: CAT  .50 break if stays below .60
[12:01] {Threei}  - preparing for little or no global economic growth through the end of 2010, but that the Company expects to remain profitable and generate positive cash flow throughout the recession.
[12:01] {Threei}  stronger than ever?
[12:02] {Threei}  really?
[12:02] {nemo} yeah, gotta' love that one
[12:02] {dino}  geoy
[12:04] {dino} remain profitable? they haven't had profits in years
[12:04] {Threei}  so they remain as they were
[12:04] {nemo} The song remains the same
[12:04] {larisa} you guys have bad attitude :)
[12:05] {nemo} Sorry, I remember the US auto products of the 70's
[12:06] {Threei}  you should try USSR auto products of 70's
[12:06] {Threei}  at least then your bad attitude would be justified
[12:06] {larisa} lol
[12:06] {Threei}  even larisa would have to admit your right to it :)
[12:08] {nemo} was cat still good?
[12:08] {Threei}  just touched over .60... kind of discretionary
[12:08] {nemo} little bit pregnant
[12:11] {Threei}  whbo took it feel free to start covering
[12:30] {dino} sm l arst .30
[12:34] {Threei}  VNDA...
[12:42] {dino} bwld l .90
[12:42] {dino} sm
[12:43] {dino} txn l .65
[12:48] {dino} 12:50
[12:48] {dino} usually changesv direction for 20 or so
[12:53] {ese} what does that mean...."sneezing swines may come in now"   what a goffy message
[12:54] {nemo} two weeks ago when swine flu was all the rage, he said they had to stay out
[12:54] {nemo} then last week, I said it's old news, so he changed it to come in now
[12:54] {ese} who is this goof ball?
[12:54] {nemo} this week, he's just been lazy and uncreative
[12:54] {larisa} lol
[12:54] {nemo} Lord Vader
[12:54] {Threei}  sigh
[12:54] {larisa} poor vad
[12:54] {dptl} lol
[12:54] {Threei}  no respect
[12:56] {ese} huh.....vad baby!!!!     tell me it's not you!
[12:56] {Threei}  sorry to disappoint you ese... it IS me
[12:56] {Threei}  I am a goofball
[12:56] {ese} roflol........
[12:56] {nemo} speaking of hairballs, how's the cat?
[12:56] {nemo} 4 legged one
[12:57] {ese} I may never get over this......roflol twice as hard
[12:57] {Threei}  CAT, thought of reshorting on bounce to .50///
[12:57] {dino} schw fills gap
[12:57] {ese} that made my day........vad your the best....!!!
[12:58] {Threei}  ty... now, I need to find couple good trades
[12:59] {larisa} market starts to annoy me
[12:59] {nemo} how about 7 or 8
[12:59] {Threei}  just can't get the read on bounce vs breakdown
[13:01] {dino} geoy
[13:02] {Threei}  more and more feels like bounce
[13:04] {dino} sm l geoy .30 risky
[13:10] {dino} geoy stopped -.35
[13:12] {Threei} Long Setup:  HBAN  .82
[13:12] {Threei}  stop .75
[13:13] {magoo} in
[13:13] {dptl} in
[13:13] {dawg} in
[13:16] {dino} pcln drop
[13:17] {nemo} 1;1 on hban
[13:18] {Threei}  half out .01
[13:18] {Threei}  .91
[13:18] {Threei}  scaslpers be happy
[13:19] {Threei}  5K little buggers, as ese qwould say
[13:19] {dawg} i am happy ty Vad
[13:19] {dptl} half out .93
[13:19] {nemo} I missed
[13:19] {magoo} out .97 ty vad
[13:19] {Threei}  out .97 another 5K
[13:19] {Threei}  free, free at last
[13:22] {Threei}  ok... one more and the day would start looking much brghter
[13:22] {Threei}  both FTBK and FITB staged the same bounce... just didn't want toplay several similar setups at once
[13:23] {dptl} all out .04 ty
[13:24] {Threei}  nice patience dp
[13:24] {dptl} ty
[13:24] {Threei}  too bad I didn't have 3rd 5K, lol
[13:24] {Threei}  ese... totally your kind of play... tell me you took it
[13:29] {Threei}  I can;'t believe EBAY is actually worth something
[13:29] {Threei}  listen guys, this is beyond belieavable
[13:29] {nemo} oh you're so negative
[13:29] {Threei}  I got myself a new camera
[13:29] {Threei}  and put old one on ebay for sale
[13:30] {Threei}  overa last two weeks I sold it 5 times
[13:30] {Threei}  how, you ask?
[13:30] {Threei}  easy
[13:30] {Threei}  all 5 were fraud
[13:30] {Threei}  5 buyers, no single one is real
[13:30] {Threei}  when real ones bid it, they outbid them
[13:30] {Threei}  or if I put "buy it now" option, they take it
[13:31] {Threei}  how does anyone sell anything over there, beyond me
[13:31] {ese} Hey everyone....have a great rest of the day.....I'll see you tomorrow
[13:31] {Threei}  take carre ese
[13:32] {ese} vad your a hoot
[13:32] {Threei}  I can understand an accident now and then, no one is immune from fraudsters
[13:32] {Threei}  but 5 times in a row?
[13:33] {nemo} I bought my laptop off ebay.  Watched it get bid up beyond all sanity.  Guy sold it...I could tell it was fraud.  Contacted him, telling what I think happened and asked him if he wanted to sell it if it fell through...lived a half hour away.
[13:35] {Threei}  some of fake paypal e-mails are incledibly elaborate
[13:35] {nemo} yeah, it's impressive
[13:36] {nemo} interesting cat, hban, and wfc all had same spike
[13:36] {Threei}  bounce started right when I posted, and is still in progress
[13:36] {Threei}  market did nemop
[13:36] {Threei}  they just followed
[13:36] {Threei}  so did FAS
[13:42] {dptl} cat?
[13:43] {Threei}  don't know
[13:43] {Threei}  I am not ready to start buying breakuts like this
[13:43] {nemo} trend has been down, this is a hiccup so far
[13:44] {dino}  aip[c stop to .84 all day
[13:44] {dino} aipc
[13:45] {dino} stopped +.98
06[13:45] * nemo slaps dino around a bit with a large roll of silver dollars
[13:45] {dino} ouch
[13:48] {dino} layn l .50
[13:51] {nemo} cat making another assault @.70
[13:52] {Threei}  VNDA... I can't find an entry on it for the world of me, but this thing will be 11.50 if not 12 today
[13:56] {Threei}  be back in 20
[13:57] {nemo} Dino, you're in charge
[13:58] {larisa} bought 100K of VNDA, want to retire in the evening :)
[13:59] {dino} vnda stay away imo
[13:59] {larisa} lol
[13:59] {larisa} vad should not say " it will" or at least add"I think" :)
[14:04] {dino} schw l .75
[14:11] {Threei}  everyone knows today what I should or should not say
[14:11] {nemo} huh?
[14:13] {dptl} Vad,is that election day here ?
[14:13] {Threei}  yeah
[14:14] {Threei}  we are underestimated HBAN potential
[14:14] {dptl} ok ty...i was wondering whats up with the ballons everywere lol
[14:14] {Threei}  lol
[14:15] {larisa} I really want to retire.. so i am with you, say away :)
[14:15] {Threei}  you need so little to retire...
[14:15] {jfjf64} im  back   i miss anythin    lol
[14:15] {larisa} right, i am cheap
[14:18] {Threei}  I watched it yesterday, it worked nicely on deep pullbacks
[14:19] {Threei}  notso much on breakouts... but today looks a little bit different
[14:19] {jfjf64} ?? hban
[14:19] {Threei}  where is my dcecoder ring
[14:25] {dino} schw to .87
[14:25] {dino} arst to flat
[14:26] {dino} bwld to .20
[14:28] {dino} out schw .89, +.14
[14:28] {jfjf64} nice  dino
[14:28] {dino} out bwld, .17 slip, +.27
[14:29] {dino} ty
[14:30] {Threei}  great
[14:31] {nemo} Funny actually...30 years ago I figured I would never see it.  Just a big pyramid scheme
[14:32] {dino} it is
[14:32] {Threei}  - Medicare trust fund insolvent by 2017 v 2019 prior forecast
[14:32] {Threei}  - Social Security Benefits payments to move beyond revenue by 2016 v 2017 prior forecast
[14:34] {Threei}  have they ever published such forecasts?
[14:34] {nemo} Every year
[14:34] {nemo} None this bad
[14:34] {dino} y
[14:35] {dino} "w" wanted to privatize it
[14:35] {nemo} What I love is when LBJ opened up SS Trust fund to fund The Great Society.  Took all the money and left an IOU...or that's What Congress has been doing.  Where were they going to get the money to replace the IOU.....duh!
[14:36] {dino} off balance shhet liability
[14:37] {nemo} Yeah, like a Wall Street Level III asset
[14:37] {dino} y
[14:37] {dino} holx l .11
[14:37] {Threei}  {larisa} you guys have such negative attitude
[14:37] {nemo} facts have a way of being interpreted as negative
[14:38] {dino} pru sm l .45
[14:38] {Threei}  nemo
[14:39] {Threei}  guess what 's happening
[14:39] {dino} it just doesn't matter 3i
[14:39] {nemo} prez speaking
[14:39] {Threei}  not for me, that's for sure
[14:39] {Threei}  right
[14:40] {dino} been this way for my whole life, they will find an acct trick to push it out
[14:40] {nemo} only thing is they've run out of rope outside of cutting programs or raising taxes
[14:41] {dino} well tax increases are coming..... i did not vote democratic
[14:41] {Threei}  "tho problem with socilaism is that sooner or later you run out of other people's money"
[14:41] {Threei}  wow HBAN
[14:41] {dino} democrat i mean
[14:42] {nemo} I gave up on voting...might as well fart in a windstorm
[14:42] {dino} i understand 3i, but what can i do, so it doesn't matter
[14:44] {dino} they will fix it by making you spend down assets prior to collecting
[14:44] {dino} like medicaid for long term care, thats the precedence
[14:44] {Threei}  after taking those 10K on HBAN I should have just fell asleep
[14:45] {Threei}  or faint
[14:45] {dino} in the end everybody has coverage if they are less than 15k in assets, so no uninsured
[14:45] {nemo} you mean medical
[14:45] {dino} medical and welfare
[14:46] {dino} but look how well they managed the medicare, its broke, and now they want it all nationalized
[14:46] {nemo} well, there's the hidden rationing costs in medical.  So many doctors won't take state or medicare patients now
[14:47] {dino} but enough, back to work
[14:53] {Threei}  ok
[14:53] {Threei}  I took some VNDA
[14:53] {Threei}  .80
[14:54] {Threei}  more of a swing trade if not resolving today
[14:54] {Threei}  smallish position
[14:54] {nemo} 10000 of the little buggers?
[14:55] {dino} pru to .75
[14:56] {dino} out pru .90, +.45
[14:56] {jfjf64} that a boy  dinno
[14:56] {dino} arst to .63
[14:57] {dino} out slip, +.27
[14:57] {nemo} looks like stocks want to close even for the day
[14:58] {dino} txn to .77
[14:58] {dino} lol jfj
[14:58] {dino} holx to flat
[14:59] {dino} out txn, +.12
[15:00] {dino} forgot, aipc sm l .00
[15:02] {dino} turnaround tuesday in the making
[15:02] {dino} something like 6 in a row
[15:04] {dino} layn stopped -.236
[15:06] {dino} mygn l .60, stop lod
[15:08] {Threei}  irritating day for me
[15:09] {nemo} yes
[15:09] {Threei}  was on a wrong side in the morning
[15:09] {Threei}  then got a grip on the movement but didn't want to accumulate loses in case I was wrong
[15:10] {Threei}  half out VNDA .96
[15:10] {dino} grinding day here
[15:10] {Threei}  will re0buy it if pulls back
[15:11] {Threei}  or let the remainder trade if breaks 11 and goes
[15:12] {Threei}  anyone went for this trade?
[15:12] {Threei}  aside of larisa who goes for retirement
[15:12] {larisa} all or nofing!
[15:13] {dino} holx out 
[15:13] {dino} +.01
[15:16] {dino} layn last try l .09
[15:17] {magoo} VAD..find me $500 bux and ill sendu pound of bacon
[15:18] {Threei}  mags... VNDA is my play of choice... risky as hell
[15:18] {magoo} am i tooo late?
[15:18] {Threei}  I am in at .80
[15:18] {nemo} I'm done for the day, regroup and see ya' tomorrow
[15:18] {Threei}  take care nemo
[15:24] {Threei}  larisa
[15:24] {Threei}  your retiremenet is getting closer
[15:24] {larisa} I sure hope so!
[15:24] {larisa} see you later :)
[15:24] {Threei}  wow
[15:25] {Threei}  she runs to the bank already
[15:25] {Threei}  new high VNDA
[15:25] {Threei}  fess up guys
[15:25] {Threei}  anyone took it?
[15:27] {Threei}  sigh
06[15:27] * Threei feels so alone
[15:28] {dino} out mygn .80, +.20
[15:29] {dino} layn out .26,+.17
[15:29] {magoo} tanx dino:) mygn
[15:30] {dino} :)
[15:35] {Threei}  in case I forget tomorrow, which is entirely possible
[15:36] {Threei}  lwet's watch COIN for 2.20 break
[15:42] {dino} sell side futes' financials
[15:43] {dino} holx l .00
[15:45] {dino} layn partial l .o1
[15:48] {Threei}  how about new high for the close, VNDA?
[15:48] {Threei}  can you?
[15:50] {fernp} bad day here. no excuses, tomorrow will be a better day :)
[15:50] {fernp} see you all tomorrow. good evening
[15:51] {dino} hang in there fern
[15:51] {Threei}  take care fern
[15:51] {dino} toughie
[15:53] {Threei}  interesting buys go off at COIN
[15:53] {Threei}  see those sizes at .14?
[15:55] {dptl} have a good evening all 
[15:55] {Threei}  taje care dp
[15:55] {Threei}  hurry up VNDA
[15:55] {Threei}  5 min to make new high
[15:57] {dino} out layn .22, +.21
[15:58] {Threei}  yesss
[15:58] {Threei}  new hig
[15:58] {Threei}  high too
[15:58] {dino} aipc overnighting, sm
[15:58] {magoo} good one vad
[15:58] {jfjf64} gj
[15:58] {Threei}  out some more at .45
[15:59] {Threei}  wow
[15:59] {Threei}  had it there for a while
[15:59] {Threei}  still keeping last part for tomorrow
[15:59] {Threei}  almost top-ticked it, .46 high
[16:00] {Threei}  very nice ending by VNDA
[16:00] {dino} hmm, seems holx too
[16:00] {Threei}  good
[16:00] {Threei}  let's go up
[16:00] {Threei}  it's more fun
[16:01] {Threei}  okay guys
[16:01] {Threei}  end of the day helped a bit
[16:01] {dino} thx all gotta hop, good times
[16:01] {Threei}  not as bleak as it started
[16:01] {magoo} ty
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {jfjf64} good night   all 

Monday, May 11, 2009

May 11 2009

Quiet day. Nice opening with a few strong trades, then long period of stall with two stops. Not much excitment.

Session Time: Mon May 11 00:00:00 2009

[07:58] {magoo} morning
[07:59] {nemo} is it? :)
[07:59] {magoo} yup
[08:07] {Threei}  I'll have to confirm the astute observation by magoo - it IS morning
[08:07] {Threei}  05/09/09 05:01pm
[08:07] {Threei}  Govt promises US stress tested banks they may not have to raise the $74.6B of fresh capital mandated - FT citing sources
[08:07] {Threei}  - FT reports bank sources say that the govt has given quiet assurances that the banks can offset some of the $74.6B in mandated capital raise """"""""if earnings over the next six months outstrip regulators' forecasts."""""""" 10 of the 19 stress testd banks are required to raise capital, but were privately told that if operating profits in Q2 and Q3 are better than the stress test forecast, they will receive credit for the difference, thus reducing the need for raising capital from share issues or asset sales. The banks will still be required to submit capital raising plans for the full amount required within 28 days, and will not be allowed to assume earnings will surpass the stress scenario. A Fed official declined to comment on the report that the 10 banks would be able to get credit for exceeding earnings projections.
[08:07] {nemo} not in Australia
[08:07] {nemo} Well, that's a banks
[08:08] {Threei}  look at FITB
[08:08] {nemo} Is it at 20 yet
[08:08] {Threei}  and HBAN
[08:15] {Threei}  {FRE FNM SHY }
[08:15] {nemo} What?  They've stopped bulldozing unfinished homes?
[08:21] {magoo} wwwwwaaaaaaaaazzzzzzzzuuuuuuuuuppppppppppp vad?
[08:21] {Threei}  nothing much... how's yor ankle?
[08:22] {magoo} same..ty
[08:30] {magoo} see anything pre mkt vad?
[08:30] {Threei}  FITB, HBAN, FAZ
[08:38] {pita} morning all
[08:38] {Threei}  pita :)
[08:42] {larisa} good morning :)
[08:42] {Threei}  larisa :)
[08:47] {dino} gm all
[08:48] {Threei}  dino :)
[08:48] {nemo} dino :)
[08:48] {dino} cf bid increased to 85; 40 in cash
[08:48] {dptl} good morning all
[08:49] {Threei}  dp :)
[08:53] {fernp} good morning everybody
[08:53] {Threei}  fern :)
[08:57] {Threei}  AIG
[08:57] {Threei}  - Note: Back on May 4, it was reported that the co. was near an agreement to sell HQ in Japan for about $1B - WSJ
[09:07] {ese} good morning
[09:07] {Threei}  ese :)
[09:07] {nemo} ese :)
[09:11] {patience} good morning RT  :)
[09:12] {ese} well.....whats lookin good
[09:12] {Threei}  patience :)
[09:12] {ese} well....whats looking good
[09:12] {ese} patience is looking good
[09:13] {Threei}  FITB pulled back into close
[09:13] {ese} ahhhhhh  ha
[09:13] {cosmo} ANDS?
[09:13] {vinod} good morning
[09:13] {Threei}  vinod :)
[09:13] {Threei}  06:38am [ANDS] ThinkPanmure Raised ANDS to Buy from Accumulate, price target: $6
[09:14] {cosmo} thx:)
[09:16] {Threei}  premarket gamblers may try FITB .60 break if stays above .50
[09:16] {ese} gotta figure fitb has topped a little
[09:17] {cosmo} ANDS pre mkt high = 2.55 fwiw
[09:17] {Threei}  went to 9.2 earlier ese
[09:17] {Threei}  so there should be a bounce somewhere
[09:17] {nemo} it's that "somewhere" that has me concerned :)
[09:17] {cosmo} at the bank, maybe?
[09:20] {chinggis} gm all
[09:21] {Threei}  chingggis :)
[09:22] {pita} do you see a premkt C&H on DRYS?  thoughts?
[09:22] {dino} i think drys is issuing more shares
[09:23] {nemo} yep
[09:23] {nemo} lots
[09:24] {jfjf64} mornin all
[09:24] {Threei}  jf :)
[09:30] {patience} ese, please see dcc
[09:30] {Threei}  FITB, watching for pullback again
[09:31] {magoo} wow
[09:32] {Threei}  a bit too hectic at the bottom, didn't give indication
[09:33] {ese} i wouldn't know where to get in at this point
[09:33] {magoo} cat vad..any read?
[09:34] {magoo} missed
[09:34] {Threei}  not yet
[09:34] {Threei}  let it establish something more readable
[09:34] {Threei}  let's say another pullback, not too deep, then break of 39
[09:35] {nemo} what? 5 minutes isn't a trend? :)
[09:36] {Threei} Long Setup:  FITB  .10 break if holding above 8
[09:37] {dptl} in
[09:37] {nemo} i
[09:37] {magoo} in
[09:37] {fernp} in
[09:39] {Threei}  half out
[09:39] {fernp} out ty
[09:39] {Threei}  scalpers take profit
[09:39] {nemo} out
[09:39] {magoo} out .26 TY vad
[09:39] {ese} nice boys and girls
[09:39] {pita} out ty
[09:39] {Threei}  out in full.37
[09:40] {jfjf64} ty   VADDD
[09:40] {magoo} nice exit vad
[09:40] {Threei}  missed CAT .50 re-cross
[09:40] {dptl} out fitb +.10 +.17 +.25  ty
[09:40] {tomg} ty vad
[09:40] {Threei}  welcome guys
[09:40] {magoo} lets watch cat
[09:40] {ese} wow...
[09:40] {magoo} bouncer
[09:40] {jfjf64} nice   read    
[09:40] {fernp} nice play FITB Vad
[09:41] {Threei}  CTIC?
[09:41] {Threei}  don;'t see news
[09:41] {magoo} futes getting pounded
[09:43] {dino} mygn sm l .00, stop lod
[09:43] {magoo} do not look FITB
[09:44] {Threei} Long Setup:  LVS  10 break if holding above .90
[09:45] {magoo} market rotting here
[09:46] {magoo} CAT bounce vad?
[09:47] {Threei}  not sure
[09:47] {Threei}  what's with DNDN again?
[09:47] {magoo} oh oh
[09:47] {ese} L faz .89
[09:48] {Threei}  HIG serious dump'
[09:48] {jfjf64} lvs  invalid ??
[09:48] {Threei}  yes!!
[09:48] {jfjf64} ty boss
[09:48] {Threei}  sure thing
[09:48] {Threei}  just don't yell at me that early in the morning
[09:48] {Threei}  I am especially easily scared
[09:49] {nemo} mmmmhhhh...tck taking it on the chin
[09:49] {jfjf64} never  ya da MAN
[09:50] {Threei}  FITB is holding amazingly well
[09:50] {nemo} I thought the "yada" man was Seinfeld?
[09:50] {dino} out mygn .37, +.37
[09:51] {pita} nice dino
[09:51] {Threei}  squeeze candidate... risky
[09:52] {dino} ty
[09:52] {Threei}  wow DRYS
[09:53] {dino} too tight
[09:53] {Threei}  FITB squeeze starts
[09:54] {jfjf64} squeeze???
[09:54] {jfjf64} what  chapter  that   lol
[09:55] {Threei}  this is chapter describing shorts being waterboarded
[09:55] {Threei}  let's see if we get DRYS double bottom
[09:55] {Threei}  .70 support so far,
[09:56] {Threei}  want to see it losing .80
[09:56] {Threei}  pausing, then re-crossing .80 while never jeopardizing .70
[09:57] {nemo} does .90 become break?
[09:57] {Threei}  alternatively .90 break
[09:57] {Threei}  with stop under .80
[09:57] {Threei}  more risky
[09:57] {ese} out faz .86 -.03
[09:58] {ese} not sure of direction now
[09:59] {Threei}  FITB goes to 9 and higher
[09:59] {magoo} i whacked FITB from your squeeze comment .75 to .89 boss TY
[10:00] {Threei}  welcome
[10:00] {Threei}  no technical read to this kind of movements,
[10:00] {Threei}  it's a momo
[10:00] {Threei}  either you feel it or stay away
[10:00] {Threei}  risk is enormous
[10:00] {magoo} yea
[10:00] {Threei}  (and of course you know magoo is right there, like bee on hiney)
[10:00] {Threei}  honey too
[10:00] {nemo} fly to sh..
[10:01] {Threei}  I'll leave that one between you and magoo
[10:01] {dino} online ed's w/luv today
06[10:01] * nemo slaps magoo around a bit with a large cow pattie
[10:01] {dino} tele's too
[10:02] {nemo} magoo dcc
[10:03] {ese} interesting movement between faz and fitb.......both going up...something wrong there
[10:03] {nemo} no, many other financials tanking
[10:04] {dino} lots of banks issuing shares
[10:04] {magoo} like homo on hiney vad???NOT GOOD lol
[10:04] {nemo} oh jeez janitor!
06[10:05] * magoo slaps laserdave around a bit with a large trout
[10:05] {Threei}  LLTC...
[10:05] {Threei}  I love daily, sits on two days breakout
[10:05] {Threei}  but I hate the way this one acts on brewaks
[10:06] {Threei}  tends to shake out much more often than I'd like
[10:06] {Threei}  lwet's be smart and see if it fakes the breakout, then shakes hard
[10:06] {dino} whats w/the w's
[10:06] {Threei}  stops people out, drops into support and gives us a chance to enter
[10:07] {Threei}  and if it breaks and works, then we wil have outsmarted ourselves
[10:07] {dino} schw l .99
[10:08] {Threei}  if you took DRYS on that .90 break, feel free to exit as you see fit
[10:08] {Threei}  hard to tell whether it has potential to break 7 or it just dies on the vine
[10:08] {dino} holx l .09
[10:09] {Threei}  anyone has any inheritance coming?
[10:10] {patience} translation:  they need more money to give away to banks
[10:11] {dino} actually good for life insurers
[10:11] {nemo} annuities?
[10:11] {dino} life
[10:12] {dino} estate plans funded w/life
[10:12] {nemo} o.k.
[10:12] {Threei}  - Will seek to close other tax loopholes regarding estate taxes
[10:12] {fernp} FITB pullback, Vad?
[10:12] {Threei}  there go insureres too, lol
[10:12] {nemo} loopholes..hehehehe
[10:12] {Threei}  I am watching it fern
[10:12] {fernp} ty
[10:12] {Threei}  .80 level is tempting but a bit too obvious
[10:13] {nemo} pru bottoming
[10:13] {ese} could someone tell me what FAS is again
[10:13] {nemo} 3x long financials
[10:13] {ese} opposite of FAZ?
[10:13] {nemo} eqzaktly
[10:13] {Threei}  yes
[10:13] {dino} bwld sm l .50, stop lod
[10:13] {ese} tks
[10:13] {Threei}  I am so proud of nemo's spelling
[10:13] {nemo} ty
[10:14] {Threei}  speaks to my power of persuasion
[10:14] {nemo} should kill my editing career
[10:14] {ese} me thinks financials have topped out.....still looking to go long faz at .90/.91
[10:14] {nemo} tarry not too long ese
[10:15] {dptl} cat?
[10:15] {dino} scanner all green
[10:15] {ese} tarry?
[10:15] {nemo} linger
[10:16] {nemo} hang around
[10:16] {Threei}  CAT, I'd be much more confortable with drop into .20-.30 zone
[10:16] {dptl} ok ty
[10:16] {Threei}  .50 break is possible as a play
[10:16] {nemo} lvs faked us out
[10:16] {Threei}  I am just not inclined to take it personally
[10:18] {cosmo} ONNN hod = 5.85 fyi
[10:18] {dino} bwld tighten to .37 not moving
[10:18] {magoo} PRU bounce time vad?
[10:19] {Threei}  I'd think so
[10:19] {Threei}  a bit too jumpy
[10:19] {dino} make it .46
[10:19] {Threei}  so keep shares small
[10:19] {Threei}  went 20 cents from the moment I wanted to type break of .10
[10:19] {Threei}  better let it pull back
[10:20] {Threei}  LLTC, we did outsmart oursleves
[10:20] {Threei}  successfully
[10:20] {nemo} who's we?
[10:20] {nemo} you told me not to think
[10:20] {dino} spike
[10:21] {magoo} darn CAT..sytalking all morn and missed move
[10:22] {Threei}  I am actually amazed you didn't take that .50 break I spoke about
[10:22] {dino} to .88 bwld
[10:23] {dino} to .98
[10:23] {dino} holx to .20out bwld .95 slip, +.35
[10:23] {dino} .45 i mean
[10:24] {dino} holx to .23
[10:24] {dino} out holx .23, +.14
[10:24] {Threei}  here is PRU pullback
[10:25] {Threei}  and CAT
[10:26] {dino} backing off drop coming gut says
[10:26] {nemo} backing off, drop...   or backing off drop?
[10:27] {dino} guess not, see what happens when i lose weight, throws off gut feel
[10:27] {Threei}  lol
[10:27] {nemo} hahahahahha
[10:28] {Threei} Short Setup: RIMM  half lot .50 breakdown
[10:29] {dino} right after all
[10:29] {nemo} in
[10:29] {dptl} in rimm
[10:30] {dino} afam drop, gap around 29.25
[10:30] {Threei}  half out or scalp here
[10:30] {Threei}  over 15 cents drop in one second
[10:30] {dino} schw to b/e
[10:31] {dino} stopped
[10:31] {Threei}  those who took half, look to cover the rest under .20
[10:31] {Threei}  there you go
[10:31] {Threei}  you are on your own from here, me is done
[10:32] {Threei}  sheesh... tell me you have covered
[10:32] {nemo} yeah
[10:32] {dino} gj
06[10:32] * Threei slaps dptl and nemo with stress test results
[10:33] {dptl} lol...all out trying figure out how much lol so fast
[10:33] {Threei}  cry me a river
[10:34] {dptl} oh covered .37 and .22 ty
[10:34] {Threei}  welcome... sorry I made you do hard math
[10:34] {nemo} pru breakdown?
[10:34] {Threei}  I'll try to refrain in the future
[10:35] {nemo} too late
[10:35] {Threei}  yeah... way too volatile
[10:35] {Threei}  every time I look at it, it does something faster than I can typer alert
[10:35] {nemo} neural implant
[10:35] {dptl} i just had few bids waiting to cover and got filled all at ones ,almost 
[10:36] {Threei}  and what's the point? if it's THAT fast, how re you going to trade it?
[10:36] {nemo} mags can
[10:36] {Threei}  GSA
[10:36] {nemo} BFD!
[10:36] {ese} Vad....tell me what you think of the FAZ 1 min chart......all heck is going to break out one way or the other i think
[10:37] {ese} interesting consolidation
[10:37] {Threei}  yes ese... question is, which way :)
[10:37] {ese} ya
[10:37] {Threei}  'cause when all hell breaks loose, last thing you want is to be on the wrong side
[10:37] {nemo} interesting consolidation on fas, wouldn't you say ese?
[10:37] {Threei}  look how strong market is
[10:38] {Threei}  remember our discussion of the trap mechanics last week?
[10:38] {ese} more so on FAZ nemo...tighter range
[10:38] {magoo} cant remember
[10:39] {nemo} or is that because of difference in share price ese?
[10:39] {nemo} they're the inverse of each other
[10:39] {dino} titn l .80 stop .69
[10:39] {ese} hmmmmm don't know.....
[10:39] {ese} possibly
[10:40] {nemo} $5 stock with a .05 range, or $11 with a .10 range
[10:40] {Threei}  quite a divergence between NASDAQ and Dow lately
[10:40] {nemo} about the same
[10:40] {nemo} yeah, but techs were taken down last week for the finnies
[10:44] {jfjf64} wow  lvs
[10:45] {dino} layn sm l .30, stop .99
[10:47] {Threei}  MGM now
[10:50] {dino} layn stopped -.31
[10:51] {Threei}  if you are up to a little gamble
[10:51] {nemo} Mags...
[10:51] {Threei}  MGM, half lot arounf 13 on the necxt pullback
[10:52] {Threei}  (pun intended)
[10:52] {nemo} break of 13 after next pullback?
[10:52] {Threei}  first strength from here
[10:52] {Threei}  yeah
[10:53] {dino} syna
[10:53] {dino} fwlt
[10:53] {dino} darn schw, chickened out on  it
[10:55] {ese} i'm still watchin schw
[10:56] {dino} we are late
[10:56] {ese} ya am getting that sense
[10:57] {ese} hban new high
[10:59] {Threei}  HBAN and FITB take turns squeezing
[11:00] {nemo} rimm about to break support?
[11:00] {nemo} or basing?
[11:01] {Threei}  neither
[11:01] {Threei}  HBAN pullback to 6 deserves a try
[11:02] {dino} txn l .25
[11:05] {Threei}  - Heaviest purchase was $675M for the 08/15/27 maturity
[11:05] {Threei}  - Note: avg bid to cover for prior four auctions is 4.02{TLT SHY IEF}
[11:07] {ese} wasn't one of you in SQNM
[11:08] {ese} that was an fitb type move
[11:08] {dino} psys
[11:08] {vinod} sory to bother you bad ZOOM is zooming?
[11:09] {Threei}  we played SQNM recently
[11:10] {Threei}  you are not swriously considering playing $2 stock with 70 cents spread, vinod? :)
[11:11] {vinod} no, it just came in my radar
[11:11] {ese} ahhhhhh no
[11:11] {ese} thought you were talking to me
[11:12] {jfjf64} hban?
[11:12] {Threei}  6 break long
[11:12] {vinod} in
[11:13] {Threei}  MGM over 1:1
[11:13] {nemo} didn't break six yet vinod
[11:13] {Threei}  nemo, feel free to exit
[11:13] {dptl} in hban
[11:13] {dino} titn to .92
[11:14] {dptl} stop .97?
[11:14] {Threei}  I don't underdtand this at all, dp :)
[11:14] {Threei}  not only it hasn't broken 6 yeat,
[11:14] {Threei}  it also bottomed at .97 for now
[11:15] {dino} txn to .37
[11:15] {Threei}  why would you want to have such weird stop
[11:15] {Threei}  at least it has to be .96
[11:15] {fernp} missed
[11:16] {dptl} ok ty out .05
[11:16] {vinod} o.k stop is at 5.96
[11:16] {Threei}  you have your 1:1, dp... whatever money it brings you, lol
[11:16] {dptl} lol
[11:16] {Threei}  MGM 1:2
[11:18] {Threei}  vinod... have you bought it fir just a small scalp?
[11:19] {Threei}  'cause if not, .96 is too tight stop, and if yes - you already had over 1;1
[11:19] {vinod} yes , only 1kand little jumpy--i am?
[11:20] {Threei}  what I mean is... all the elements of a trade must be aligned
[11:20] {Threei}  if that was scal, as your stop placement indicates, why are you still in?
[11:20] {Threei}  scalp
[11:20] {vinod} o.k boss. will follow
[11:20] {Threei}  if that eas a trade for bigger profits, why is stop placed in a scalping fashion
[11:20] {Threei}  see what I mean?
[11:21] {Threei}  if you try bigger trade with scalping type of a stop, you will be shaken all too often
[11:21] {dino} out txn .39, +.14, out titn slip .90, +.10
[11:22] {dptl} was it even riskier this time after that first bounce off 6?hban
[11:23] {Threei}  second time is usually more or less doable
[11:23] {Threei}  third, I wouldn't do it
[11:24] {Threei}  but it also depends on what it did between them
[11:24] {Threei}  can't answer that without a lot of ifs and buts
[11:25] {vinod} out 6.07 thanks for advise
[11:25] {dptl} ok ty...
[11:28] {dino} isle
[11:31] {Threei}  HBAN 1:1 for daytraders with stop under .90
[11:36] {ese} l sqnm .62
[11:36] {ese} out 1/2 .69
[11:36] {dino} i thought daytrading was outlawed
[11:37] {Threei}  only profitable kind dino
[11:37] {Threei}  powers thast be have no problems with losing daytraders
[11:37] {ese} it is......the way you make money dino should be against the law
[11:42] {dino} ahhh c'mon
[11:43] {dino} vnus
[11:43] {dino} nah
[11:44] {pita} adios amigos
[11:44] {dino} feels like retest lod in making
[11:44] {chinggis} DRYS buyable now vad?
[11:44] {fernp} nos vemos pita
[11:44] {dino} cya pita
[11:45] {Threei}  don't see anything readable on it chuingis
[11:45] {chinggis} ok ty
[11:47] {dino} thurs. gaps 8408 dji; 907 s/p
[11:49] {magoo} WFC
[11:52] {dino} layn sm l .80
[11:55] {dino} vnda
[11:58] {jfjf64} stupid  question     im i on  server   
[11:59] {larisa} you are
[11:59] {Threei}  I need to ponder this one jf
[11:59] {jfjf64} ty larissa   always  can  count  on  ya
[11:59] {jfjf64} lol  vad
[12:01] {Threei}  WFC
[12:01] {Threei}  sharp pullback
[12:01] {jfjf64} y
[12:02] {Threei}  yeah right
[12:02] {Threei}  watch for white house now to come out and put label "anti-american" on those disgusting speculators
[12:04] {Threei} Long Setup:  WFC  .05 break if stays above .95
[12:05] {Threei}  change of plans
[12:05] {Threei} Long Setup:  WFC  28 break if stays above .90
[12:06] {dino} and w/gm saying they are going to import small cars, not build them in usa
[12:06] {dino} ironic huh
[12:06] {nemo} in
[12:07] {Threei}  sure... jobs should be created here, right?
[12:07] {dptl} in
[12:07] {dptl} .01
[12:07] {Threei}  unless it's your buddy who creates them
[12:10] {dino} his unamerican to bondholders, but hey screw the workers and build them in other countries, see basically anti-investment
[12:12] {nemo} big slip
[12:12] {Threei}  no worky
[12:12] {fernp} stopped
[12:12] {dptl} stopped
[12:12] {nemo} stopped .10 slip
[12:15] {dino} eyes on wrld
[12:17] {Threei}  VNDA full of determination
[12:20] {dino} wrld sm l .10
[12:21] {magoo} obama to speak cnbc
[12:21] {ese} out full sqnm .73 
[12:22] {ese} +.21 5k
[12:22] {dino} gj
[12:23] {ese} tks
[12:23] {dino} you're crushing w/size
[12:24] {ese} ya but was in to long on this one....would have liked a shorter time frame
[12:25] {dino} lol, sometimes they take all day w/my stle
[12:26] {dino} style
[12:26] {ese} I like your style.........hard to dupe
[12:27] {ese} takes your gut feel
[12:27] {Threei}
[12:29] {ese} whos bill cara?
[12:30] {ese} also....i don't see anything about free Rum.....whats that all about?
[12:35] {nemo} db on wfc?
[12:35] {magoo} i wouldnt
[12:35] {nemo} asking not acting
[12:36] {Threei}  prez on tv
[12:36] {nemo} short everything
[12:44] {Threei} Long Setup:  RIMM  .70 break if stays above .50
[12:48] {nemo} in
[12:49] {nemo} stop @ .50?
[12:50] {Threei}  for a daytrade
[12:50] {Threei}  for a scalp, under .60
[12:51] {Threei}  market tripped of something
[12:51] {nemo} damn
[13:01] {Threei}  - In addition, Windows Server 2008 R2 Release Candidate (RC) is available today with the final product releasing to market in the same timeframe as Windows 7.
[13:13] {magoo} wwwwwwwaaaaaaaaaaaaaaaaaazzzzzzzzzzzzzzzzuuuuuuuuuuuuuuuuuuuppppppppppppppppp???????????????????/
[13:14] {Threei}  sigh
[13:15] {magoo} remember that bud commercial?
[13:19] {nemo} was there news on rimm?
[13:19] {Threei}  just moved with market
[13:34] {Threei}  something inteersting is brewing on VNDA
[13:38] {dino}  out layn .35 +.55
[13:38] {dino} took hours
[13:39] {larisa} gj
[13:40] {dino} ty
[13:41] {dino} wrld stop to .22, brb
[13:43] {Threei}  see that big offer on VNDA by EDGX?
[13:44] {nemo} yeha
[13:44] {Threei}  my feel is, once it's takenb VNDA is off to races
[13:44] {Threei}  {FRE FNM}
[13:44] {Threei}  OMB?
[13:46] {nemo} Office of Management and Budget
[13:47] {Threei}  ty
[14:04] {magoo} we in anything?
[14:05] {jfjf64} zzzzzzzzzz
[14:07] {Threei}  VNDA tempting drop
[14:09] {Threei}  missed
[14:15] {dino} out wrld .38, +.28
[14:21] {magoo} .
[14:25] {Threei} Long Setup:  VNDA  .80 break if holding abogve .70, half lot
[14:30] {magoo} is that valid
[14:31] {Threei}  are you OK with wider stop?
[14:31] {dino} not much jumping out at me
[14:32] {magoo} no
[14:32] {Threei}  then no
[14:32] {magoo} no what?
[14:35] {dino} don't know
[14:36] {Threei}  asylum...
[14:47] {Threei}  I wonder if FTBK is FITB/HBAN younder brother
[14:49] {vinod} younger sister--no descrimination here
[14:49] {chinggis} any read on ISIL vad?
[14:49] {Threei}  or that
[14:50] {Threei}  not really
[14:50] {chinggis} ok 
[15:00] {Threei}  if you are up to little gambling,
[15:00] {Threei}  FTBK 2.72 break
[15:02] {dino}  mkt dropping
[15:17] {magoo} waaaaaaa...........zuuuuuuuuup?
[15:18] {magoo} mgm nuts
[15:19] {Threei}  yeah, LVS is more tame one today
[15:28] {Threei}  - Underlying earnings power of the banks is still negligible; financial stocks are "grossly overvalued."
[15:28] {Threei}  - Continues to expect a "massive contraction" in consumer liquidity.
[15:28] {Threei}  - Some of the banks have business models that will "never come back."
[15:28] {Threei}  - reiterates she believes that many of the financial firms will need to raise capital again in the future.
[15:29] {nemo} Besides that Mrs. Lincoln...
[15:31] {vinod} means days for FAS is over and FAz begans
[15:32] {dino} sm l fwlt .24
[15:34] {Threei}  I don't know vinod
[15:34] {Threei}  seems too simple to me
[15:34] {dino} he's a daytrader in this room
[15:34] {Threei}  everyone and their brother know we will pullback
[15:35] {Threei}  lol dino
[15:35] {dino} every now and then i get a chuckle
[15:35] {vinod} vad-you said few days ago pull back coming?
[15:35] {Threei}  we had some, but it was quite shallow
[15:36] {dino} gaps dji 8408, s/p 907
[15:36] {nemo} very light volume
[15:36] {Threei}  and now we are consolidating without much drop
[15:36] {dino} way below lots of gaps
[15:36] {Threei}  and on light volume, yes
[15:36] {Threei}  but the most important factor is:
[15:36] {nemo} The Spanish Inquisition?
[15:36] {Threei}  no person on a planet thinks or says "long"
[15:36] {magoo} STOP
[15:37] {magoo} I DO
[15:37] {Threei}  everyone says pullback
[15:37] {magoo} ask laser
[15:37] {Threei}  OK... magoo is the only lunatic who thinks long
[15:37] {dino} hmmm, thinking the dip buyers have been buying or we'd be alot lower
[15:37] {magoo} really
[15:37] {Threei}  so I must ask myself
[15:37] {magoo} see...mkts not letting those cautious who missed
[15:37] {nemo} "self?"
[15:37] {Threei}  who is buying, and most importantly
[15:38] {Threei}  how can "everyone" be right?
[15:38] {Threei}  who is "everyone" going to take money from?
[15:38] {dino} every sell has a buy
[15:38] {magoo} i though every buy had a sell dino
[15:38] {dino} the public is buying, friends are talking again
[15:39] {magoo} dino?
[15:39] {Threei}  if you say "there is a silent group of players that identified this opportunity to once again take money from the crowd, and that group buys without much noise" - this I can uncerstand
[15:39] {dino} but...tomatoe, tomato
[15:39] {nemo} tomahto
[15:39] {magoo} i thought it was potatoe..potatt-oe ..dino??
[15:40] {nemo} Kartoffeln, nicht wahr K?
[15:40] {Threei}  scenario we discussed a week ago, vinod, was:
[15:40] {dino} not bad as in bad magoo, bad as in good
[15:40] {Threei}  run up into stress tests results, spike, sharp drop
[15:40] {Threei}  we did have run up,
[15:40] {Threei}  no spike,
[15:40] {Threei}  in fact, slight retreat just before,
[15:40] {nemo} in finnnies
[15:41] {vinod} yes, thanks for it. i am doing good base on it have 500 srs from friday at 19.80
[15:41] {Threei}  then aimless wandering around these levels
[15:41] {Threei}  and "pullback" noise from literally everywhere
[15:41] {magoo} weird feels up to me
[15:44] {dino} swchw l .04
[15:44] {nemo} huh?
[15:44] {dino} schw
[15:46] {dino} pcln
[15:53] {magoo} MGM pummelled
[15:55] {Threei}  if we had more time I'd be interested in such drop
[15:56] {magoo} were we red or green friday?
[15:56] {Threei}  depends on the market
[15:56] {Threei}  they all move in different directions
[15:57] {dptl} ....have a good evening all  :)
[15:57] {Threei}  take care dp
[15:58] {Threei}  okay guys, thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[15:58] {nemo} gnite
[15:58] {larisa} bye
[15:59] {jfjf64} later all
[15:59] {fernp} good evening all
[15:59] {vinod} good evening
[15:59] {dino} out schw -.02, put fwlt -.09

Friday, May 8, 2009

May 08 2009

Fair day with about average ration of wins to stops. Both long and short sides; aside of financials (HBAN was a hero) got also nice long on CAT and short on DRYS.

Session Time: Fri May 08 00:00:00 2009

[07:49] {nemo} fern :)
[07:50] {fernp} morning
[07:50] {nemo} yeah, amazing how that happens every day
[08:00] {magoo} morning
[08:01] {nemo} magus magnus :)
[08:02] {magoo} sounds roman?
[08:08] {nemo} latin
[08:08] {nemo} close
[08:12] {Threei}  WFC
[08:12] {Threei}  and good morning
[08:16] {vinod} GM to all
[08:16] {Threei}  vinod :)
[08:16] {patience} good morning RT  :)
[08:16] {Threei}  pastience :)
[08:18] {magoo} what did MS price at it released yet?
[08:19] {Threei}  07:54am [MS] Prices 146M shares at $24/shr (gross proceeds seen at $3.5B)
[08:23] {Threei}  premarket gamblers,
[08:23] {Threei}  if you feel the gap is excessive, FAZ .30 breakout is your play
[08:23] {Threei}  with stop under .15
[08:23] {magoo} do u feel it is??
[08:24] {Threei}  I don't know
[08:24] {Threei}  I feel sleepy
[08:24] {Threei}  I got meself a new camera and a very very thick manual... reading till late
[08:25] {magoo} weell drink some joe, take cold shower, kick your cat..ITS GO TIME :)
[08:25] {Threei}  well... premarket calls are always toss up
[08:26] {Threei}  let me put it this way:
[08:26] {Threei}  I don't want to do anything premarket today, but if I absolutely had to, cornered and with gun tio my head - it would be FAZ long
[08:27] {pita} 10k FAZ long is the call?
[08:27] {pita} gm all
[08:27] {Threei}  but, if I had slight suspicion that those are blanks in the gun and it's all bluff... I would risk it and refuse to play
[08:27] {Threei}  pita :)
[08:28] {Threei}  here is the problem:
[08:28] {Threei}  what we have now is that same trap I talked about yesterday
[08:28] {Threei}  and there is no way to know when it's getting shut
[08:29] {Threei}  could happen now, could right on open, could after another run up
[08:29] {Threei}  yesterday's pullback was quite severe and shook many out
[08:30] {Threei}  APR CHANGE IN NONFARM PAYROLLS: -539K V -600KE
[08:30] {Threei}  APR UNEMPLOYMENT RATE: 8.9% V 8.9%E
[08:30] {larisa} good morning
[08:30] {Threei}  *APR AVERAGE HOURLY EARNINGS M/M: 0.1% V 0.2%E; AVERAGE WEEKLY HOURS: 33.2 V 33.2E
[08:30] {Threei}  larisa :)
[08:30] {larisa} vad :)
[08:40] {magoo} in FAZ .26 boss
[08:41] {magoo} out .36 TY OY{its starting again lol}
[08:41] {Threei}  poor you
[08:41] {Threei}  lol
[08:42] {magoo} its tough pill to swallow..u are just so nice he he
[08:42] {Threei}  careful
[08:42] {Threei}  not many called me nice and lived to tell the tale
[08:42] {magoo} tundra again?
[08:50] {chinggis} gm all
[08:51] {nemo} futures still climbing
[08:54] {Threei}  chinggis :)
[09:00] {ese} good morning
[09:01] {Threei}  ese :)
[09:02] {ese} wow fitb 2 mornings in a row......bizzare gaps up...1.70 yesterday and 1.70 again.....if anyone was dumb enough to be in they've made alot of money
[09:02] {Threei}  Toyota posted biggest operative loss in its history exceeding GM's one
[09:02] {Threei}  anyone still wants to argue GM's problem was building wrong cars?
[09:02] {ese} funny vad....good one
[09:03] {Threei}  BAC drop
[09:03] {ese} fitb should follow
[09:04] {Threei}  not sure... BAC some fluke it seems
[09:04] {Threei}  FAS/FAZ is not confirming
[09:04] {dino} gm all
[09:04] {Threei}  dino :)
[09:04] {ese} fitb raised to outperform.....go figure
[09:04] {ese} dino
[09:05] {dino} i see c basically being nationalized w/conversion of preferred. i think govt will own over 50% of common
[09:05] {ese} will wait for technical bounce in fitb before playing seriously not really comfortable with thes big gaps....anything could happen
[09:08] {ese} drys cut
[09:12] {dptl} good morning all
[09:12] {Threei}  dp :)
[09:21] {ese} dp
[09:22] {nemo} great, beeping screwed up again
[09:25] {pita} whatcha watchin Vad?
[09:26] {Threei}  usual suspects
[09:26] {Threei}  FAS/FAZ. BAC, FITB, WFC
[09:28] {cosmo} ONNN
[09:29] {jfjf64} mornin my trading buddies
[09:30] {Threei}  jf :)
[09:32] {magoo} COF vad
[09:32] {Threei} Long Setup:  BAC  .43 if holding above .30
[09:33] {dptl} in
[09:33] {nemo} missed
[09:34] {nemo} back in
[09:34] {Threei} Long Setup:  FAS  .16
[09:35] {dptl} stopped bac
[09:35] {magoo} yup
[09:36] {fernp} DELL Vad
[09:38] {Threei} Long Setup:  FAS  .75
[09:38] {Threei}  stop .65
[09:38] {vinod} Offering $11Billion in shares to raise capital. At $8.79 a unit.
[09:38] {magoo} ion .71
[09:38] {vinod} BAC is 
[09:38] {dptl} in fas
[09:39] {dptl} half out
[09:39] {Threei}  something's strange with that news vinod
[09:39] {magoo} out .88 fas..ty vad
[09:40] {Threei}  out FAS in full here
[09:40] {Threei}  +.30
[09:41] {jfjf64} yesssss  +.30
[09:41] {Threei}  sheesh BAC
[09:41] {Threei}  I am telling you, that was fake news
[09:41] {dptl} all out .95 .05 ty
[09:42] {Threei}  that trade should have worked as it does now - that fake or erroenous news releasecaused shakeout
[09:42] {vinod} out fas 11.25
[09:42] {Threei}  wtg vinod
[09:42] {Threei}  50 cents?
[09:43] {vinod} got in 10.90
[09:43] {Threei}  wow... a lot of chasing from the trigger
[09:43] {nemo} Vinod's gonna' give Mags a run for his money
[09:43] {Threei}  careful... 15 cents difference on entry can make all the difference in day trading
[09:43] {jfjf64} need little vodka in  oj
[09:44] {pita} couldn't get out BAC; couldn't get in FAS
[09:44] {nemo} same for me pita
[09:44] {vinod} they moving to fast for me
[09:44] {Threei}  what do you mean?
[09:44] {Threei}  couldn't get out or in?
[09:44] {nemo} blew through stop in BAC
[09:44] {nemo} trying to manage that fas blew above entry
[09:45] {pita} wouldn't chase fas; couldn't get bac sold  -.30 bac
[09:45] {pita} shoulda done mkt on BAC?
[09:45] {Threei}  no, no market
[09:45] {Threei}  but a few cents beyond market did the trick
[09:45] {nemo} pita...let's go drinking
[09:46] {pita} now?  I'm ready nemo
[09:46] {vinod} it is friday nemo--liquide lunch is good 
[09:46] {magoo} in to drinking lol
[09:46] {nemo} works for me..liquid late breakfast
[09:46] {Threei}  FITB non-stop
[09:47] {nemo} RIMM too
[09:47] {dino} 4:00 guys, hang in there
[09:47] {nemo} well, if there's a trap should know soon
[09:47] {magoo} i could stop every one of those f'ers
[09:47] {nemo} be right back...going for the Cape Codder
[09:47] {ese} i'll vad
[09:47] {ese} i'll say
[09:48] {dino} holx stopped .35, +.10
[09:49] {pita} runup FITB makes no sense to me
[09:50] {nemo} wow wfc went up $2 since premarket
[09:51] {vinod} BOSTON (MarketWatch) -- Bank of America Corp. (BAC:bank of america corporation com
[09:51] {vinod} Friday said it plans to offer 1.25 billion shares of common stock at a proposed maximum offering price of $8.79 a share.
[09:52] {dino} apei drop
[09:54] {Threei}  HBAN pullback
[09:54] {dino} at 8s?
[09:54] {dino} f job
[09:54] {Threei}  let's see if we get 4.80 area
[09:55] {dino} enoc up
[09:56] {Threei}  press releaze on BAC pricing is very unclear
[09:57] {Threei}  that indication that 8.79 is pricing of offering is oversimplified
[09:57] {Threei}  and doesn't reflect what is happening
[09:57] {nemo} "maximum offering price"  doesn't say what the minimum will be or if there might be a private placement for .02 to Buffet
[09:58] {dino} lol
[09:58] {Threei}  there are underwriters for that offering
[09:58] {Threei}  it's not necessary open market offering
[10:00] {Threei}  MAR WHOLESALE INVENTORIES: -1.6% V -1.0%E
[10:00] {ese} vad question....been following intel INTC lately....what causes an opening like today for that is up and it just makers want to buy cheap stock it dn to shake it out then drive it up??
[10:01] {ese} BRCM looks the same
[10:01] {Threei}  high opening is caused by pre-market and on the open bids, mostly submited by retail investors who trade on newspaper quotes
[10:02] {Threei}  amateurish hour
[10:02] {Threei}  pros happilyu sell into those bids
[10:02] {Threei}  no one left to buy - stock tanks
[10:02] {Threei}  normal trading starts in a while
[10:02] {ese} so whats happening now is basically a shake out
[10:02] {Threei}  no one knows for sure
[10:02] {Threei}  could be just a pullback
[10:03] {jfjf64} you sd write a book my man      lol
[10:03] {nemo} mags keep your eye on pru to short :)
[10:03] {Threei}  could be a top
[10:03] {wulff} how bout this RIMM 
[10:03] {Threei}  stocks like INTC do not trade in vacuum
[10:03] {Threei}  it's one of widely followed stocks
[10:03] {dino} gild sm s .00
[10:03] {Threei}  so to read it you need to read on the whole market and sector
[10:04] {dino} stop hod
[10:04] {Threei}  that wasn't much if pullback, HBAN
[10:04] {ese} tks
[10:04] {ese} trade what you see....
[10:05] {nemo} mags, missed triple top on pru
[10:06] {dino} me too nemo, big pru gap around 35-36
[10:08] {Threei}  BAC... this churning under .40 looks to me like waiting for market/FAS to reverse
[10:08] {Threei}  then BAC wants to squeeze badly, IMO
[10:09] {dino} ndx lod
[10:11] {nemo} aapl rimm charts same
[10:13] {dino} apei l sm .30
[10:14] {dino} gild bstop to b/e
[10:14] {dino} out apei .70, +.40
[10:14] {fernp} gj dino
[10:14] {dino} ty
[10:15] {Threei} Long Setup:  BAC  .20 break
[10:15] {nemo} no market help coming
[10:16] {Threei}  didn't trigger euither
[10:17] {dino} ndx gap fill, waiting for dji, s/p
[10:17] {nemo} wow, coulda' made the day on rimm already...sheesh
[10:21] {nemo} rimm held above yesterday's lows so far
[10:22] {ese} Long INTC .40 
[10:25] {vinod} i joined  intc 15.30
[10:25] {dino} lmnx
[10:25] {vinod} stop 15.20 only 500
[10:25] {dino} bagl
[10:25] {nemo} rimm breached yesterday's lows...elevator down
[10:25] {dino} bwld
[10:26] {dino} rimm wants 70 strike
[10:28] {ese} Out INTC stopped .28 -.12
[10:28] {ese} bit me in the ass again......
[10:28] {Threei} Long Setup:  CAT  .51 break if stays above .40
[10:29] {dino} cov gild .70, +.30
[10:32] {dptl} in cat
[10:32] {nemo} in
[10:33] {vinod} in
[10:33] {Threei}  intend to partial, not a scalp for me
[10:34] {nemo} out 1/2
[10:34] {vinod} out 0.63
[10:34] {dptl} half out .69
[10:34] {dino} txn l .88, stop .73
[10:34] {vinod} see you after 1.30
[10:34] {Threei}  half out .70
[10:34] {fernp} out ty
[10:35] {jfjf64} out ty
[10:35] {nemo} out
[10:35] {Threei}  welcome guys
[10:35] {dino} gild has nice range 44.55-45 fwiw
[10:35] {nemo} ty
[10:37] {dptl} stop for balance Vad?
[10:38] {nemo} .60?
06[10:38] * Threei slaps dptl around a bit with a large manual for routine procedure that says trail under breakeven afdter partial
[10:39] {dptl} lol ty
[10:39] {dino} lol
[10:39] {Threei}  reminding the routine for alzheimer traders:
[10:40] {Threei}  first partial, trail to breakeven
[10:40] {Threei}  if stock pulls back before hitting next target but doesn't stop you out,
[10:40] {Threei}  wait for new high and trail under the new support - bottom of last pullback
[10:42] {dptl} more out .75 ty
[10:42] {Threei}  traitor
[10:42] {dptl} left 100 shares to keep you company Vad :)
[10:43] {Threei}  small size traitor
[10:43] {dptl} roflol
[10:43] {Threei}  you can't win dp... when I am cranky, any comeback will only dig the hole deeper :)
[10:44] {Threei}  1/4 more out .80
[10:44] {dptl} offering .98
[10:44] {Threei}  now, let's see how lessons sink in... where is the stop for the last portion now?
[10:44] {nemo} dp, who are you, mags?
[10:44] {dptl} under .60
[10:45] {Threei}  why?
[10:45] {dptl} last support
[10:45] {Threei}  10:42 bar, bottomed out at .63
06[10:45] * Threei slaps dptl around a bit with a large door prize to be determined yet
[10:46] {dptl} hold on
[10:46] {dptl} oh ye .63 sorry
[10:46] {Threei}  no, that's correct
[10:46] {Threei}  a few cents of breathing room make sense
[10:46] {Threei}  and more or less whole number
[10:46] {Threei}  under .60 it is
[10:47] {nemo} not to mention the average support of the previous 7 bars looks to be about .60
[10:47] {Threei}  see, that's your problem nemo... YOU CAN COUNT!
[10:47] {Threei}  we can't, so we keep it simple and visual
[10:48] {nemo} no...I can see the bars 
[10:48] {nemo} over the previous 7 you have 1 touching 2 just above 2 a little more above and 2 about as far below as the 2 a little more above
[10:48] {Threei}  of course you can
[10:49] {Threei}  but you also can count them, and you abuse this ability
[10:49] {nemo} let me put my shoes and mittens on
[10:49] {Threei}  I can't count so I abuse dp
[10:49] {Threei}  or magoo
[10:49] {nemo} Yeah, right...probably do 3rd derivatives in your head
[10:50] {Threei}  word derivatives has more than 3 syllables so I don't know what it means
[10:50] {Threei}  done with CAT
[10:50] {dptl} out 
[10:50] {Threei}  market dropped fast
[10:50] {Threei}  CAT was on its merry way to give us 50 cents
[10:53] {nemo} cat shakeout
[10:55] {Threei}  yeah
[10:55] {Threei}  oh well
[10:57] {dino} wrld sm risky l .01 stop .71
[10:57] {Threei}  haha
[10:57] {Threei}  look at that
[10:57] {Threei}  DJ ) 05/08 10:36 DJ CORRECT: Bank of America Files To Sell 1.25B Cmn Shares
[10:57] {Threei}  (The headline, "BofA Plans To Sell 1.25B Cmn Shares At $8.79 Each }BAC,"
[10:57] {Threei}  published at 9:01 a.m. EDT and the story, "Bank of America Registers To Sell
[10:57] {Threei}  Up To $11B In Common Stock," at 9:17 a.m. incorrectly said the bank had
[10:57] {Threei}  decided on a price per share and a total price for the offering. A corrected
[10:57] {Threei}  version follows.)
[10:57] {Threei}  Bank of America Corp. (BAC) on Friday filed with the U.S. Securities and
[10:57] {Threei}  Exchange Commission to sell up to 1.25 billion shares of common stock from
[10:57] {Threei}  time to time.
[10:57] {Threei}  The Charlotte-based bank said it expects to use the net proceeds from the
[10:57] {Threei}  offering for general corporate purposes.
[10:57] {Threei}  Banc of America Securities LLC and Merrill Lynch & Co. were listed as the
[10:57] {Threei}  underwriters for the offering.
[10:57] {Threei}  was I right or was I right
[11:00] {dino} nobody will ever admit that vad
[11:00] {nemo} It's alright...Vad will tell everybody
[11:04] {Threei}  yup... you both are right
[11:04] {Threei}  I am big on "told ya so"
[11:04] {Threei}  very annoying, I know, but being annoying is my trademark
[11:04] {dino} txn to .99
[11:04] {dino} to .02
[11:08] {dino} hott sm l .72
[11:08] {dino} txn to .08
[11:09] {Threei} Long Setup:  HBAN  5.20 break
[11:10] {Threei}  stop for hardcore scalpers under 5.14
[11:10] {Threei}  5.15
[11:10] {Threei}  for just scalpers under 5.10
[11:10] {dino} out txn .11, +.23
[11:16] {Threei} Long Setup:  DRYS  .46
[11:16] {Threei}  stop under .40
[11:16] {dptl} in drys
[11:16] {nemo} in
[11:17] {dino} lmnx l .20, stop .09
[11:17] {nemo} think they're telling the truth
[11:17] {fernp} in drys
[11:18] {dptl} in hban
[11:18] {fernp} and in hban
[11:18] {Threei}  DRYS 1:1 for hardcore scalpers
[11:19] {fernp} out ty
[11:19] {Threei}  (pesky creatures)
[11:19] {jfjf64} ty
[11:19] {nemo} out drys ty
[11:20] {Threei}  lol
[11:20] {Threei}  full room of pesky creatures
[11:20] {wulff} crazy FIFB
[11:20] {nemo} lunch time on Friday
[11:26] {dino} out lmnx .30, +.10
[11:27] {dptl} ty drys 
[11:27] {dino} too soon
[11:27] {nemo} sure doesn't feel like the market is up
[11:28] {Threei}  which market?
[11:28] {Threei}  NQ is red
[11:28] {nemo} any of them
[11:28] {nemo} just went red then
[11:28] {dptl} out hban +.02 ty  (ever pesky :))
[11:28] {Threei}  DJI is green but it wqent down ever since opening
[11:28] {Threei}  it's all in the gap
[11:29] {nemo} I'll leave that one alone
[11:29] {Threei}  yeah
[11:29] {Threei}  from day trader's point of view, market is down
[11:29] {magoo} fitb took 8
[11:29] {nemo} yeah my god
[11:31] {Threei}  HBAN over 1:1 for pesky ones
[11:31] {Threei}  (dp was superpesky)
[11:31] {fernp} out ty
[11:32] {dino} apei new lows
[11:32] {Threei}  HBAN 1:1 for just scalpers
[11:32] {dino} josb lod
[11:33] {chinggis} out HBAN .32 ty vad
[11:33] {Threei}  wqelcome
[11:34] {Threei}  ese kind of trade
[11:34] {Threei}  for many littgle buggers
[11:34] {jfjf64} lk ese fitb
[11:34] {ese} nice one chingis
[11:35] {chinggis} ty
[11:35] {magoo} WFC
[11:35] {dino} out wrld .81 -.20 entry sucked
[11:37] {dino} bwld getting interesting rough;y -7 in 3 days
[11:37] {dino} same pnra
[11:48] {dino} bwld sm l .60
[11:49] {dino} wrld rinsed
[11:50] {Threei}  FITB is from parallel universe I think
[11:50] {nemo} right at resistane from January
[11:50] {nemo} resistance
[11:50] {nemo} rezistanz
[11:52] {dino} ralllly
[11:52] {nemo} don't let Larisa hear you
[11:53] {larisa} do not worry, i am deaf
[11:55] {dino} vrsn
[11:56] {nemo} they report toay Dino?
[11:56] {Threei}  anyone still holding any of HBAN or everyone is ut?
[11:57] {jfjf64} ut
[11:57] {larisa} lol
[11:57] {Threei}  sigh
[11:57] {Threei}  you try to type with your knees
[11:57] {dino} this morning, big beat vrsn
[11:58] {nemo} I was looking at the hourly on bwld still scary
[11:58] {Threei}  no appreciation whatsoever... I am going back to old way, typing with my elbows
[11:58] {dino} thinking the same
[11:59] {nemo} I'm sorry Dino
[11:59] {dino} nemo, scared trading never wins, pull the trigger and keep you stop, whats to worry about
[11:59] {Threei}  ummm... global warming?
[12:00] {nemo} hungry people in Zimbabwe?
[12:00] {Threei}  there you go
[12:00] {nemo} ahh...Rhodesia
[12:01] {dino} let the politicians worry about that
[12:01] {nemo} believe me, farthest thing from my some great Rhodesia stories though
[12:02] {dino} for daytraders i think you guys think too much
[12:02] {nemo} Yeah, what's worse, trained in philosophy
[12:02] {Threei}  that's a first time I've been accused of thinking too much
[12:02] {ese} fitb is just stunning today
[12:02] {Threei}  or thinking at all for that matter
[12:03] {dino} tnemo, that explains alot
[12:03] {nemo} the lobotomy had something to do with it too
[12:04] {Threei}  but I do like to worry about global warming... as a matter of fact, I set aside 12 seconds every year for that purpose alone
[12:04] {dino} finance degree here, but obviously the textbooks were all wrong (efficient markets my azz)
[12:04] {Threei}  they really taight efficient market bs dino?
[12:05] {Threei}  taught
[12:05] {nemo} absolutely.  CAPM Black Scholes etc.,
[12:05] {dino} yes in the 80s that was the big thing, along w/p.e.'s
[12:06] {dino} by the 90s w/internet craze, none of it mattered
[12:06] {jfjf64} fitb wow
[12:06] {dino} lmnx l .20 again
[12:06] {Threei}  HBAN tries to follow
[12:07] {magoo} bacon BIG move
[12:07] {Threei}  I have last 1K of HBAN left... want to try and see if it can break through .50
[12:08] {Threei}  good buy
[12:08] {Threei}  out .54
[12:08] {Threei}  that was +.33 on last piece
[12:08] {jfjf64} hban
[12:10] {dino} gj 3i
[12:10] {Threei}  ty
[12:12] {chinggis} Vad how did u know it would go higher? is it upper BB room or volume spike around 11:31p.m ?
[12:12] {Threei}  I didn't
[12:12] {chinggis} i mean HBAN
[12:12] {Threei}  it was pure risk management issue,
[12:12] {Threei}  I took relatively large position
[12:12] {dino} ctct
[12:12] {Threei}  and partialled out twice
[12:12] {Threei}  last 1K was kind of on the house already
[12:13] {chinggis} i c , ty
[12:13] {Threei}  and seeing how stubbornly FITB crawled uop and up
[12:13] {Threei}  and I decided to give HBAN a chance
[12:13] {Threei}  they are from the same sandbox
[12:14] {dino} if i may say guys, you must remember "nobody knows" what a trade will do. think anything can happen, expect to lose and control the risk
[12:14] {chinggis} ok ty
[12:14] {jfjf64} nicely  said  dino    
[12:14] {Threei}  this is the concept my next course will be starting with
[12:15] {dino} "your edge" is the only thing that separates you from tossing a coin
[12:15] {Threei}  working title:
[12:15] {Threei}  Tao Te Ching for Traders
[12:15] {dino} thx jf
[12:15] {Threei}  and your risk control is the only thing that separates you from drunken grambler
[12:16] {dino} right
[12:16] {nemo} sob RIMM hopped over my .80 orer
[12:16] {nemo} order
[12:16] {dino} i expect 4+ stops a day, get over it
[12:17] {dino} bwld to .79
[12:18] {Threei}  what, no one is inetersted in Tao Te Ching?
[12:18] {Threei}  fine, won't give you a sneak preview
[12:18] {nemo} what is it
[12:18] {dino} more interested in a brew
06[12:18] * Threei slaps nemo around a bit with a large ancient manuscript
[12:19] {nemo} I had forseen that
[12:19] {jfjf64} fitb   pull bk
[12:23] {dino} out bwld .80, +.20
[12:26] {Threei}  next one trying to recover: SLM
[12:26] {Threei}  forms C&H
[12:27] {Threei}  lunch time is not the best for this kind
[12:27] {Threei}  .45 break with .35 stop if you likey
[12:27] {Threei}  Prez on TV - second time today
[12:28] {ese} coming to you live from  "www dot ESEPASSINGTHEBUCK dot com"  take over from here all...i'll catch you on monday...have a show with my R&B choir in 1 1/2 hrs....c ya
[12:28] {Threei}  take care ese, have a good one
[12:28] {ese} you too vad
[12:29] {nemo} break a leg ese
[12:29] {Threei}  FAS is coiming into bounce zone
[12:30] {Threei}  one more leg down most likely
[12:30] {Threei}  to .50 - .55 zone
[12:30] {Threei}  for scalpers only
[12:31] {dino} lmnx stop to .25
[12:33] {dino} to .28 scalpers friday
[12:35] {dino} to .30
[12:35] {dino} out .305, +.105
[12:42] {nemo} url says it all:
[12:43] {dino} bagl l .63
[12:43] {dino} hott stop to .83
[12:45] {dino} read that earlier, re-inflate it boys
[12:46] {nemo} just another bubble
[12:46] {dino} out hott .84, +.12
[12:48] {dino} gary north way back; salvation through inflation
[12:48] {dino} he was just 20 years ahead
[12:56] {dino} bagl stop to .59
[13:00] {Threei} Long Setup:  BAC  .20 break
[13:02] {dptl} .10 stop?
[13:02] {Threei}  depends on where it bottoms before the break
[13:02] {Threei}  ifsets up from here, 15 can be used as support
[13:02] {dptl} ok ty
[13:02] {Threei}  for hardcore scalpers
[13:06] {dptl} in
[13:06] {nemo} in
[13:07] {dino} bagl stop to .61, back in 30 or so
[13:08] {dptl} stopped
[13:08] {nemo} stopped
[13:08] {fernp} sttoped
[13:13] {dptl} to leave early again..ty ,and.....have a good weekend all 
[13:13] {larisa} bye dp
[13:13] {dptl} :)
[13:14] {Threei}  have a good one dp
[13:14] {magoo} have good weekend dp
[13:28] {chinggis} MTG pullback tradable vad?
[13:29] {Threei}  with FAS bounce I'd think
[13:29] {chinggis} ok ty
[13:32] {dino} .
[13:34] {magoo} we in anything vad..was busy sleeping
[13:36] {dino} undecided...
[13:36] {larisa} he is busy doing the same :)
[13:37] {dino} getting a haircut?
[13:38] {Threei}  sigh
[13:39] {dino} thats where i was
[13:39] {dino} and the liqour store
[13:39] {dino} got invited for happy hour along the way
[13:39] {jfjf64} nice dino
[13:40] {dino} :)
[13:40] {larisa} i want to have what STT is having.. shaken, not stirred
[13:41] {Threei}  42.45 is yesterday's high
[13:42] {dino} mygn
[13:44] {Threei} Short Setup: DRYS  8.20
[13:45] {larisa} I paper shorted STT on first fail of 42.40, could not make myself to do real one. paper covered at 42.15 :)
[13:46] {Threei}  nice paperprofit
[13:46] {Threei}  DRYS 1:1
[13:46] {jfjf64} charles  wont  let  me  short   crazyyy
[13:47] {Threei}  out in full DRYS
[13:47] {chinggis} out DRYS yearly
[13:47] {chinggis} early
[13:48] {chinggis} ty Vad
[13:50] {dino} gj
[13:51] {jfjf64} gj   need to  switch brokers   this schwab is  pure  shittttttt
[13:52] {dino} watching apei, josb, mygn
[13:52] {Threei}  what's the problem... wait for laserdave to come in, slap him with a trout and demand to take care of your needs
[13:53] {Threei}  or send him e-mail
[13:53] {Threei}  better yet call him... around 5 am
[13:53] {Threei}  he loves it
[13:53] {jfjf64} lol
[13:53] {Threei}  if he sounds especially sleepy, tell him I asked you to call at that time
[13:54] {jfjf64} sd i call ya  sat mornin   5 am    you  cd  conferance  us  
[13:54] {Threei}  and don't forget to tell me what he said, I will enjoy the memory for months
[13:54] {jfjf64} lol
[13:54] {Threei}  that is dangerous idea
[13:55] {Threei}  people calling me at that time have been known to disappear
[13:55] {nemo} frickin' FSB guy
[13:55] {dino} ?
[13:56] {Threei}  lol... dino, it must be tough to rack dialong wak,ing up fdor each 4th line only
[13:56] {Threei}  track
[13:56] {Threei}  gosh... how can one person make so many errors in one line
[13:57] {Threei}  maybe I need to give up the concept of typing with my eyes closed
[13:57] {dino} i'm a busy guy
[13:58] {dino} josb lod wants 35s imo
[14:02] {dino} ibkc
[14:03] {dino} too late
[14:03] {dino} sm l josb .60 stop .34
[14:07] {dino} stopped -.26
[14:11] {chinggis} KEG?
[14:12] {Threei}  hard to tell
[14:12] {dino} rinse
[14:12] {Threei}  also, I am too busy crying over early exit on DRYS
[14:12] {chinggis} ok
[14:15] {dino} holx l .13
[14:16] {nemo} stop dino
[14:17] {dino} .04
[14:18] {nemo} why .04
[14:19] {dino} 1k, .09 stop
[14:19] {dino} all i want is 10 cents
[14:19] {nemo} yeah lod is .10
[14:20] {dino} if it gets to .25, i'll hard stop .23 and let it trade
[14:20] {chinggis} SGY?
[14:20] {nemo} beautiful bottom
[14:24] {dino} ok, nemo, now simply because it's friday (especially p.m.) trail to break even +commission
[14:24] {nemo} o.k.
[14:24] {nemo} Vad can you figure that out for me
[14:29] {Threei}  hmm?
[14:30] {nemo} damn watching holx missed rimm short
[14:31] {dino} .20 is a wall
[14:31] {nemo} yeah might take the scalp
[14:31] {nemo} drys bottom va
[14:32] {dino} hard stop it and move on
[14:32] {dino} to .17
[14:35] {dino} to .20
[14:37] {dino} to .23 as planned
[14:41] {dino} out holx .23 +.10
[14:41] {nemo} ty dino
[14:43] {dino} np
[14:44] {dino} fridays are scalp days for me nemo
[14:44] {dino} protection mode
[14:44] {nemo} you would expect a sell off so we'll probably go over 200
[14:45] {dino} well, i just mean fridays in general, especially w/summer approaching
[14:45] {dino} friday afternoons get thin
[14:46] {dino} so protect the weeks' work
[14:46] {nemo} ty
[14:54] {dino} gmcr
[14:54] {dino} +7
[15:02] {Threei}  - Note: Banks requiring capital have until June 8th, 2009 under the SCAP to develop detailed capital plans for Govt approval.; have until Nov 9th to implement approved capital plans{XLF}
[15:03] {jfjf64} what  the  chart  sayin  with  fitb   boss
[15:04] {Threei}  coin toss
[15:07] {larisa} see you monday, weather is too good to stare at numbers :)
[15:07] {Threei}  have a great wekend larisa
[15:11] {dino} cya larisa
[15:11] {jfjf64} by larissssa
[15:11] {Threei}  {larisa} vad, do me a favor... when dino wakes up and say bye to me, tell him I am not here anymore
[15:12] {dino} lol
[15:18] {vinod} have a nice weekend see you monday
[15:18] {Threei}  you too vinod
[15:18] {dino} cya vin
[15:18] {Threei}  market is locked into narow range for hours
[15:19] {jfjf64} ya feel somethin  to  gv
[15:19] {dino} going down to flat for gap fill
[15:23] {dino} sm risky s pru .20
[15:29] {dino} stop is ,51
[15:31] {dino} stopped
[15:32] {dino} wrld
[15:32] {dino} 10 pts 5 days
[15:34] {chinggis} very gj
[15:37] {dino} t l .15, stop lod
[15:37] {dino} .04 make it
[15:38] {dino} \wfc buy side
[15:40] {nemo} DryShips (DRYS) just announced a dilutive offering of quite magnificent size, about 40% dilution - with the company only down 15% that is a sign of approval. Again it makes the CEO's commentary A WEEK AGO [May 1, 2009: DryShips CEO: Dry Bulk Sector Oversold] about being ready to pounce on acquisitions (with the money they didn't have) even more bemusing but this market will lap up anything as "half full". Oh George, he is quite the characte
[15:40] {nemo}     * Greek dry bulk carrier DryShips Inc (DRYS) said it would offer common stock, its third such offering since November, and hopes to raise up to $475 million in an at-the-market offering.
[15:40] {nemo}     * DryShips, which had earlier raised $500 million in a similar offering announced in January, disclosed its latest offering in a filing with U.S. Securities and Exchange Commission.
[15:40] {nemo}     * Oppenheimer analyst Scott Burk downgraded the stock to "perform" from "outperform" and suspended the company's price target citing near-term weakness on this offering. "This is the company's third ATM offering since November, which has increased the share count from 43 million to 185 million currently," Burk said.
[15:40] {Threei}  when was it?
[15:41] {Threei}  I don't see fresh news on DRYS
[15:41] {nemo} got it off
[15:42] {nemo}
[15:42] {Threei}  I don't believe this is fresh news
[15:42] {Threei}  careful
[15:42] {Threei}  may get someone to short on this kind
[15:42] {dino} maybe it's dry news
[15:46] {dino} wrld risky sm l .40 forgot it
[15:47] {Threei}  that article was posted on reuters at 11:21am ED, nemo
[15:47] {Threei}  and wasn't fresh even then
[15:48] {dino} t to .18
[15:48] {nemo} how old do you think it was
[15:48] {dino} out t +.03 stuck
[15:48] {Threei}  I don't know, gotta track it... what's the point
[15:48] {dino} wrld to flat
[15:48] {Threei}  point is, be careful with all those posts
[15:49] {Threei}  there is fresh news from real time news supply
[15:49] {Threei}  and there are all those rehashes
[15:49] {nemo} Was just for information, not expecting the stocks to move
[15:49] {dino} to .55
[15:50] {Threei}  you notice if I post something from before I make sure to include time stamp?
[15:50] {nemo} o.k.
[15:50] {dino} to .560
[15:50] {Threei}  that's specificvally to prfevent someone from thinking this ios fresh news, just hit and likely to caise reaction
[15:51] {dino} to .65
[15:51] {dino} out +.25 on forgotten order, lol
[15:52] {Threei}  lol
[15:52] {Threei}  okay guys
[15:52] {Threei}  not spectacular but fair day
[15:52] {Threei}  thank you all, let's have a great relaxing weekend
[15:53] {jfjf64} ty  enjoy
[15:53] {Threei}  see you on Monday
[15:53] {fernp} Have a great weeekend all. see u on monday
[15:53] {dino} ty all, good day, v. good week. appreciate the ideas
[15:54] {chinggis} ty.. have good day all

Thursday, May 7, 2009

May 07 2009

This was fun day. Financial sector gave all kinds of plays for all tastes. Whether you are trend or couintertrend trader, scalper or day trader, all the WFCs, BACs and FASs of the world gave you a lot of opportiunities today.                                                                                                                     
Session Time: Thu May 07 00:00:00 2009

[08:02] {magoo} morning
[08:02] {nemo} hey mags
[08:02] {magoo} nemo:)
[08:02] {magoo} anyone have news on VNDA?? $1 uo to $!! 
[08:02] {magoo} $11
[08:03] {Threei}  good morning
[08:03] {magoo} vad:)
[08:03] {nemo} 3i :)
[08:03] {Threei}  05/06/09 06:38pm
[08:03] {Threei}  [VNDA] Vanda Pharmaceuticals Inc Confirms FDA Approves Fanapt for the Treatment of Schizophrenia
[08:03] {Threei}  - The company announced today that the US Food and Drug Administration (FDA) has granted marketing approval of Fanapt(TM) (iloperidone) for the acute treatment of adult patients with schizophrenia.
[08:03] {Threei}  - Vanda plans to make Fanapt(TM) available in pharmacies later this year.
[08:03] {magoo} news on VNDA vad?
[08:03] {magoo} ok ty
[08:03] {nemo} Great...I'll be first in line
[08:04] {magoo} up 1000 %
[08:07] {nemo} Whole market just blowing upwards this is wild
[08:08] {Threei}  05/06/09 10:20pm [BARC.UK] (US) Fed Chairman Bernanke and Treasury Secretary Geithner expected to hold Press Briefing on Stress Test results at 4:15pm ET on Thursday
[08:08] {Threei}  a few upgrades on BAC, 17 and 25 targets
[08:08] {jfjf64} mornin
[08:08] {nemo} where are you jf?
[08:08] {Threei}  jf :)
[08:09] {Threei}  who remembers ENMD?
[08:10] {Threei}  premarket gap from 11 to over 80
[08:10] {jfjf64} wow
[08:12] {Threei}  gaps in financials are unbelieavable
[08:12] {nemo} basic materials companies too
[08:12] {cosmo} nice VNDA heads up yesterday too
[08:12] {nemo} tck continues to fly
[08:13] {magoo} so did it hold 80 or was it a good short?
[08:13] {Threei}  dropped to about 40 in first minutes after open
[08:13] {Threei}  slid ever since
[08:14] {magoo} so in theory this could drop to 5 area
[08:14] {Threei}  not sure how you derive one from another, lol
[08:14] {magoo} psychology
[08:15] {Threei}  VNDA FDA approval
[08:15] {Threei}  ENMD was article in magazine
[08:17] {Threei}  this starts lookking like that same blow-up top in the making
[08:17] {Threei}  financials I mean
[08:17] {nemo} maybe, but a longterm look at charts, they still haven't gotten out of the muck at the bottom
[08:18] {Threei}  they didn't get this low in one swoop
[08:19] {magoo} some talking heads speculate the stress test is the top, as in run up to it, 4:15 tonite its released, mkts begin the LONG AWAITED sell off 
[08:19] {Threei}  they read my memo I see
[08:19] {magoo} lol
[08:19] {nemo} Having said that, first big rally in the depression was 110% from the bottom
[08:20] {Threei}  that's working scenario I described about 10 times over last few weeks :)
[08:20] {nemo} 12 times, but who's counting
[08:24] {magoo} u did?
[08:24] {nemo} Vad, time to change the header message
[08:25] {Threei}  why?
[08:25] {Threei}  I still am on quard about sneezing swines
[08:25] {nemo} yesterday's news
[08:25] {Threei}  guard
[08:25] {Threei}  okay...
[08:26] {Threei}  better?
[08:26] {nemo} inviting politicians to the blog?
[08:27] {Threei}  careful... nseezing swines may get very offended
[08:27] {Threei}  by suich comparison
[08:27] {nemo} I understand
[08:30] {Threei}  *INITIAL JOBLESS CLAIMS: 601K V 635KE
[08:30] {Threei}  CONTINUING CLAIMS: 6.351M V 6.350ME
[08:30] {Threei}  - Prior jobless claims revised from 631K to K
[08:31] {Threei}  *Q1 PRELIMINARY NONFARM PRODUCTIVITY: 0.8% V 0.6%E; UNIT LABOR COSTS: 3.3% V 2.7%E
[08:31] {Threei}  - Prior Nonfarm Productivity revised from -0.4% to -0.6%
[08:31] {Threei}  - No revisions to Prior Unit Labor Costs revised at 5.7%
[08:34] {nemo} wow dow futures up 115
[08:41] {pita} gm all
[08:41] {Threei}  pita :)
[08:48] {patience} gm RT, need coffee...croak
[08:49] {patience} gold futures kicking up over 920....let's see if it can take anothe run up to 1000
[08:49] {Threei}  patience :)
[08:56] {dptl} good morning all
[08:58] {Threei}  dp :)
[08:58] {cosmo} SYMC pre mkt high = 16.40  fwiw
[08:59] {vinod} good morning
[08:59] {Threei}  vinod :)
[08:59] {vinod} even GM is up pre market wow!!!!!!!!
[08:59] {fernp} Hello everybody
[09:02] {Threei}  fern :)
[09:02] {larisa} good morning:) 
[09:03] {dino} gm all
[09:03] {Threei}  larisa, dino :)
[09:04] {chinggis} gm all
[09:04] {cosmo} SYMC: Symantec Survey Reveals Canadian SMBs Are Not Implementing Basic Security Practi
[09:04] {cosmo} ces
[09:05] {magoo} vad, working thesis ?
[09:06] {Threei}  chingis :)
[09:06] {Threei}  two mags
[09:06] {Threei}  one:
[09:07] {Threei}  rally, volatile but relentless, leading up to end of day
[09:07] {Threei}  with test resluts annnounced after market close
[09:07] {Threei}  attracting last crowds
[09:08] {Threei}  and shutting the trap's door
[09:08] {Threei}  another:
[09:08] {cosmo} resluts?
[09:08] {Threei}  stall after this gap and first intitial volatility
[09:08] {Threei}  and useless day within narrow range
[09:12] {ese} good morning
[09:13] {Threei}  ese :)
[09:16] {ese} i see fitb is giving me a lesson in trading psychology this morning........."it's doing the .....if I'd just stayed in.......eventuallly you'd loose everything number".....
[09:17] {Threei}  it's ego talking
[09:17] {Threei}  dismiss it
[09:17] {ese} yup.....
[09:17] {Threei}  it tries to twll you that you could pick exact bottom and exact top
[09:18] {Threei}  Wall Street graveyard is full of tombstones sayong "He tried to get that last 1/8"
[09:18] {ese} one of the biggest things i've learned with you vad.
[09:18] {nemo} what's an 1/8 go for?
[09:19] {ese} your trading account
[09:19] {vinod} nemo what's an 1/8 go for?  one more red line?
[09:19] {Threei}  meaning, last piece of the move
[09:20] {Threei}  just expression from times when market traded in fractions
[09:20] {nemo} oil almost to 58
[09:21] {chinggis} VNDA +9.32, is it shortable Vad?
[09:21] {Threei}  no idea
[09:21] {chinggis} ok
[09:22] {Threei}  VNDA is great stock to lose your shirt on or get rich in one trade
[09:22] {Threei}  roll the dice
[09:22] {cosmo} gee ....VNDA wants 1000%
[09:22] {cosmo} maybe
[09:23] {chinggis} ok ty
[09:25] {dino} hott, ceco, vsec, vnda, symc, dgit
[09:25] {dino} pnra
[09:25] {cosmo} onnn too
[09:27] {dino} enoc
[09:32] {cosmo} onnn tests 6.50
[09:33] {dino} pnra leftovers to .19
[09:33] {Threei}  watching BAC for pullback
[09:34] {dino} out slipped ave .14, +.74
[09:35] {Threei}  wow... no pullbacks
[09:35] {nemo} 2nd scenario comng into play?
[09:35] {Threei}  too early to tell
[09:35] {pita} FITB pullback
[09:36] {Threei}  HIG too
[09:36] {Threei}  prepare half l,ot for HIG
[09:36] {Threei}  dive under .50
[09:36] {dino} dgit whoosh coming
[09:36] {Threei}  BAC finally retreats too
[09:37] {Threei}  14.55 - .60 zone
[09:38] {Threei}  WFC
[09:38] {Threei}  want it around or under 27.50
[09:39] {Threei}  prepare half lot
[09:39] {dino} missed it
[09:39] {Threei}  one more leg down
[09:40] {dino} sm l hott .70
[09:41] {Threei}  .60 break iof never loses .50
[09:41] {Threei}  that was fast
[09:41] {nemo} what stock?
[09:42] {larisa} WFC nemo
[09:42] {Threei}  finally lost .50
[09:42] {nemo} ty
[09:43] {Threei}  not giving clean entry still
[09:45] {dino} hott stopped .48 -.22 bad entry
[09:45] {Threei}  in .03
[09:45] {Threei}  stop under .95
[09:46] {Threei}  no worky
[09:46] {vinod} financial are weaker than at open
[09:46] {Threei}  BAC
[09:46] {dino} dgit lod
[09:46] {Threei}  .60 break long half lot
[09:47] {Threei}  if stays above .45
[09:47] {Threei}  invalidated
[09:48] {Threei}  WQFC next try is coming
[09:48] {Threei}  WFC
[09:48] {Threei}  missed while typed, lol
[09:49] {dino} ugh partyoal fill dgit .55 l
[09:49] {Threei}  no, here it is again
[09:49] {Threei}  in .35
[09:49] {vinod} FAZ  vas  
[09:49] {Threei}  sheesh, stopped
[09:50] {Threei}  all trades half lot for now
[09:50] {nemo} Guess since the stress tests are unofficially out you're getting your sell-off
[09:50] {Threei}  BAC .36 long
[09:50] {Threei}  stop under .25
[09:51] {Threei}  this pullback will be bought, it's not over yet
[09:51] {Threei}  just hard to nail the reversal
[09:51] {dptl} stopped bac
[09:53] {Threei}  BAC .25 long
[09:53] {Threei}  if stays above .15
[09:53] {dptl} in
[09:53] {Threei}  WFC .25 long
[09:54] {Threei}  if stays above .10
[09:54] {Threei}  half out BAC .41
[09:54] {dptl} out bac .36 ty
[09:54] {dino} sm l hott .00
[09:54] {Threei}  half out WFC .42
[09:55] {nemo} out wfc
[09:55] {magoo} out wfc
[09:55] {Threei}  out balance WFC .63
[09:55] {magoo} .48
[09:55] {nemo} ty
[09:55] {magoo} ty
[09:55] {Threei}  welcome
[09:56] {magoo} out bacon .49
[09:56] {magoo} ty
[09:56] {Threei}  out balance BAC
[09:56] {Threei}  .53
[09:56] {nemo} hig vad
[09:56] {Threei}  that was fun
[09:57] {Threei}  took nerves of steel too
[09:57] {nemo} yeah, like flossing with barbed wire
[09:57] {nemo} how's ankle mags?
[09:57] {Threei}  HIG, we are late
[09:57] {Threei}  those two took all attention
[10:00] {ese} whats with the qqqq...definately not following the market
[10:00] {dino} leading maybe
[10:00] {larisa} lol
[10:00] {dino} dgit stop is .43
[10:00] {dino} wierd
[10:00] {Threei}  what do you mean not following.... QQQQ IS the market... NASDAQ at least :)
[10:00] {nemo} musicians
[10:01] {dino} vad getting all technical
[10:01] {ese} ok.....other indexes then
[10:01] {nemo} too late
[10:01] {ese} hey....we approach this creatively ehhhh
[10:01] {dino} hott stop to .40
[10:01] {nemo} :)
[10:01] {dino} :)
[10:01] {dino} symc?
[10:02] {Threei}  first hard pullback is usually bought
[10:02] {ese} in qqqq's?
[10:02] {Threei}  it's being perceieved as second chance by those who missed the move
[10:02] {Threei}  in everything
[10:02] {dino} out hott .40, +.40
[10:02] {Threei}  that was the idea of that pullback-bottom-hunting
[10:02] {ese} nice dino
[10:02] {Threei}  now we need things to stabilize and show us next move
[10:03] {dino} vsec thin
[10:03] {dino} ty
[10:04] {dino} sm l symc .30
[10:06] {Threei}  OK... let's see if WFC gives double bottom
[10:06] {dino} stop is .19
[10:06] {ese} dino where are you in on dgit?....are you Short
[10:06] {dino} want .25 to hold
[10:06] {dino} l ave .70
[10:06] {ese} short?
[10:06] {dino} l=long
[10:07] {dino} in  my mind probabilities say up
[10:07] {dino} time will tell
[10:07] {ese} q's tanking huge
[10:07] {Threei}  no clean indication yet WFC
[10:08] {dino} start respecting 5s and 0s imo, with exp. next week
[10:08] {Threei}  HIG
[10:08] {Threei}  let it drop a bit more
[10:08] {Threei}  prepare half lot
[10:09] {Threei}  not yet...
[10:10] {Threei}  not yet...
[10:10] {dino} symc stopped -.11 will look 50 cent lower
[10:11] {Threei}  come on HIG, drop into .20 - .25 once again
[10:11] {Threei}  and WFC into 26
[10:12] {ese} been scoping WFC most of the morning also vad.....whats your thinking on this again
[10:12] {dino} markets feel fast today
[10:12] {Threei}  missed HIG
[10:13] {Threei}  WFC, either fast drop under 26
[10:13] {Threei}  or stabilization here and break 26.10 for long
[10:13] {Threei}  half lot!
[10:13] {Threei}  don't be a hero
[10:13] {ese} gotcha
[10:13] {Threei}  today's market will leave a lot of dead heroes in its wake
[10:13] {nemo} Billy don't be a hero, don't be a fooool with your liiiiife
[10:13] {nemo} frickin' 70's
[10:14] {ese} eggzactly.....
[10:14] {ese} missed wfc for quick one while typing
[10:15] {ese} am getting this toppy feeling with markets
[10:15] {Threei}  second chance, on .10 re-break
[10:15] {dino} symc sm l .00
[10:15] {Threei}  same condition
[10:16] {chinggis} which stocks vad?
[10:16] {dino} dgit stopped -.20
[10:16] {dptl} in wfc
[10:16] {Threei}  WFC
[10:16] {nemo} oops
[10:16] {ese} damn...too fast
[10:16] {ese} missed it  ^%$
[10:16] {Threei}  get a real broker, will ya
[10:16] {dptl} half out
[10:16] {Threei}  out .33
[10:16] {Threei}  out balance
[10:16] {ese} crap....lokk at it&^%&^
[10:16] {Threei}  .43
[10:16] {dino} rinsed
[10:17] {ese} nice job all
[10:17] {dptl} all out .42 ty
[10:17] {jfjf64} yeah ahh
[10:17] {ese} good call vad
[10:17] {pita} out WFC too soon, but TY
[10:17] {Threei}  ty
[10:17] {Threei}  ese... your cheap broker is cheap for a reason...
[10:17] {chinggis} missed
[10:17] {fernp} missed too
[10:17] {magoo} out .53 TY boss
[10:18] {Threei}  you lose more on missed fills than you gain on flat rate commissions
[10:18] {jfjf64} out  too soon  also   ty    
[10:18] {Threei}  welcome guys
[10:18] {ese} i'll say......
[10:18] {jfjf64} very  nice  work  vad
[10:18] {Threei}  sheesh
[10:19] {Threei}  we will never stop rescue them, will we
[10:19] {dino} apol sm wide l .60
[10:19] {Threei}  crap
[10:19] {Threei}  why did I miss HIG
[10:19] {nemo} patting yourself on the back for wfc?
[10:19] {Threei}  with one hand yes,
[10:20] {Threei}  bit beating yself over the head with another over missed HIG
[10:20] {Threei}  tried to watch both of them and get both entries, and they were a little too fast
[10:20] {nemo} yeah, so how could you type
[10:20] {Threei}  that's not a problem, I type with my elbows
[10:21] {nemo} xplains alot
[10:22] {Threei}  you saw nothing yet... wait till I finish practicing typing with my knees
[10:23] {ese} checking out my financial stock.....i think there all due for a large pullback
[10:23] {ese} stocks plural
[10:23] {Threei}  Obama aide:
[10:23] {Threei}  - To end $26B in oil and gas subsidies, claims programs are unjustified tax loopholes
[10:24] {Threei}  lord, I hope it's English
[10:25] {dino} mygn sm l .00
[10:25] {Threei}  SPPI
[10:26] {pita} WFC bounce off 26 again?
[10:27] {dino} what happened to stanley
[10:28] {dino} vz t drop
[10:28] {ese} could very well go short  at 26 with the pattern it's seting up
[10:28] {ese} straight at 26 with lower highs
[10:28] {ese} bear flag
[10:29] {pita} thanks ese
[10:29] {pita} FAS and QQQQ making new lows
[10:29] {Threei}  trying to gauge it pita, ese
[10:29] {ese} you and i missed the bes play on that one....vad and the boys and girls nailed it
[10:29] {Threei}  lower high on last bounce
[10:33] {larisa} had an order to short CAT at 40.80, stupid WFC took all my attn :)
[10:34] {dino} there are better worlds larisa
[10:34] {Threei}  you made money on WFC?
06[10:34] * nemo slaps dino around a bit with a large copy of Alice in Wonderland
[10:34] {Threei}  lol
[10:34] {larisa} 26.14-26.41, still,  want to have 3d eye :)
[10:35] {dino} stephen king, the gunslinger
[10:35] {Threei}  you read whole thing dino?
[10:35] {Threei}  all 7?
[10:35] {nemo} Or Tale of Two Cities
[10:36] {Threei}  no you don't larisa
[10:36] {jfjf64} drys big sellin
[10:36] {Threei}  it's not pretty...
[10:36] {dino} apol stop to .10
[10:36] {Threei}  people tend to stare
[10:36] {dino} yes i did
[10:36] {Threei}  kids run scared
[10:36] {Threei}  cool :)
[10:36] {Threei}  loved the series
[10:36] {dino} took me a winter
[10:36] {Threei}  hehe, same here
[10:37] {Threei}  I even had a blog post with analogy
[10:37] {Threei}  lemme dig it out
[10:37] {dino} to .30 apol
[10:37] {Threei}
[10:37] {dino} out apol .34, +.74
[10:38] {larisa} gj
[10:38] {Threei}  you'll remember the quote dino
[10:39] {Threei}  "First smiles. Then lies. Last comes gunfire"
[10:39] {ese} short fitb .93
[10:39] {dino} yes, but the kid when he falls says"there are better worlds than these"
[10:39] {dino} ty larisa
[10:39] {dino} substitute stocks for worlds same idea
[10:40] {Threei}  read the post, you'll like it
[10:40] {ese} small by the way.......this is a stretch for me 
[10:40] {nemo} what stop ese?
[10:40] {ese} .10
[10:41] {ese} .90 is the day low
[10:41] {nemo} yeah, but you're shorting right?
[10:41] {ese} should go to .40/.50 if it goes through
[10:41] {dino} i did, yes same idea
[10:42] {ese} 1 lot by the way
[10:42] {nemo} 10k
[10:42] {ese} no 1 lot
[10:42] {nemo} thought that was one of your lots
[10:43] {Threei}  Prez on TV
[10:43] {ese} lol
[10:44] {Threei}  CAT is shovel... err, bounce ready
[10:44] {Threei}  .60 break
[10:45] {Threei}  for scalpers stop under .50, for dsay trade under .40
[10:45] {larisa} it is playing with yest lows too, so careful
[10:45] {dptl} in cat
[10:46] {ese} covered .86 + .07
[10:46] {ese} weird feeliing......
[10:47] {magoo} thats what i said to my proctologist
[10:47] {ese} have to get used o this......dino don't know how you do it ......yet
[10:47] {Threei}  rofl
[10:47] {ese} ha ha .....ha ha
[10:48] {Threei}  this is good way to get used to it ese
[10:48] {Threei}  start small
[10:48] {Threei}  taske qwuick profits
[10:48] {Threei}  not so much for profit
[10:48] {Threei}  as to practice shorting
[10:48] {Threei}  get used to the concept
[10:48] {ese} definately
[10:48] {ese} i'll take the $70
[10:48] {dptl} out cat +.10 ty
[10:48] {Threei}  1:12 for scalpers
[10:48] {larisa} :)
[10:48] {dino} es, up/down, whats the difference
[10:48] {Threei}  1:1, lol
[10:49] {dino} magoo and i had fun shorting csco last night
[10:49] {jfjf64} ty 
[10:49] {pita} I need a few 1:12's please
[10:49] {ese} the way you watch the quotes dino
[10:50] {Threei}  who tells me what the play was based on?
[10:50] {Threei}  lol pita
[10:50] {ese} not used to it
[10:50] {magoo} there news AAPL?
[10:50] {Threei}  1:1 for daytraders
[10:50] {nemo} support from yesterday
[10:50] {dino} keep it simple es, your gut will tell you, you've been around long enough
[10:50] {Threei} 
[10:50] {Threei}  05/07/09 10:22am
[10:50] {Threei}  [AAPL] Apple Inc Chatter AT&T is considering cutting prices on monthly services plans for iPhones -
[10:50] {Threei}  - Rumors circulating AT&T could lower entry level prices for iPhone service plans to $59 from $69 currently
[10:51] {dino} bwld
[10:52] {Threei}  support from yest on daily, level of interest
[10:52] {Threei}  on intraday chart, what kind of formation and entry?
[10:53] {Threei}  you guys are so lazy
[10:53] {Threei}  even lazier than I am
[10:53] {Threei}  and I thought it was impossible
[10:53] {fernp} CAT? double bottom
[10:53] {nemo} higher low with movement of bars within bollinger bands and volume spikes on the two lowest bars
[10:53] {Threei}  beautiful, ty
[10:53] {Threei}  double bottom, second on is on lower volume,
[10:54] {Threei}  first one is punching outside of BBs,
[10:54] {Threei}  second one is contained within,
[10:54] {dino} pnra sm l .48
[10:54] {Threei}  semi-aggressive entry near the support ol second bottom
[10:55] {Threei}  gunslinger play...
[10:55] {Threei}  recognizable situation, automatic reaction
[10:55] {magoo} huh?
[10:55] {magoo} whats the call?
[10:55] {Threei}  lol
[10:55] {nemo} instinct shooting...don't use sights
[10:55] {Threei}  good morning magoo
[10:55] {nemo} must be surfin' the net
[10:56] {Threei}  or that ankle stuff
[10:56] {magoo} dude..i got 1k focused over here
[10:56] {magoo} but i heard guns
[10:56] {dino} celg
[10:58] {magoo} trying to let "winner ..WIN"
[10:59] {magoo} ok..out 29.29
[11:00] {magoo} +.65
[11:01] {chinggis} gj mag
[11:01] {magoo} bummed tho..i want to catch a real move
[11:01] {magoo} thought it had more
[11:02] {dino} protect profits magoo
[11:03] {magoo} cant ever get the BIG one anymore
[11:04] {dino} bwld sm l .15
[11:04] {nemo} cat short?
[11:05] {nemo} yup.damn
[11:10] {larisa} had to take out bunch of 38s stops :)
[11:11] {Threei}  BAC
[11:11] {Threei}  watching for bounce
[11:13] {magoo} vad, wfc.jpm..crushed 
[11:13] {Threei}  .10 break long if holding 14
[11:13] {magoo} bac should lose 14
[11:13] {magoo} im sh .10
[11:14] {Threei}  what a trap that morning gap was eh?
[11:14] {pita} yikes BAC
[11:14] {vinod} look at gs it going down
[11:15] {vinod} look like 300 pont down day?
[11:15] {Threei}  [08:17] {Threei} this starts lookking like that same blow-up top in the making
[11:15] {Threei}  [08:17] {Threei} financials I mean
[11:15] {nemo} See Vad, you were wrong again!  The trap closed BEFORE the stress tests came out...sheeesh
[11:15] {magoo} covered .82 TY vad
[11:15] {Threei}  .86 long BAC
[11:15] {Threei}  if syas above .75
06[11:15] * nemo slaps nemo around a bit with a large 2X4
[11:15] {vinod} vad- you are absolutly correct market will go down after stress test
[11:16] {Threei}  may give one more runup, vinod
[11:16] {Threei}  to make the trap complete
[11:16] {Threei}  out half BAC
[11:16] {fernp} out ty
[11:17] {jfjf64} ty ty   
[11:17] {pita} ty
[11:17] {vinod} in.86 out .96
[11:17] {Threei}  offering 14.05
[11:17] {vinod} ty vad
[11:17] {magoo} nice vad..we both right
[11:18] {Threei}  yeah but some are rightier than others
[11:18] {Threei}  out second half
[11:18] {pita} somebody beat me up.  Too often sell winners early and hold losers too long.
[11:18] {Threei}  nice and easy
[11:18] {nemo} you're a lefty now with all those dislocations
06[11:18] * nemo slaps pita around a bit with a large down pillow
[11:18] {pita} ty memo
[11:19] {pita} still a nice day
[11:19] {vinod} see you after 1.30
[11:19] {Threei}  selling winners too early can be sin or not, it depends
[11:20] {Threei}  but holding losers after stop is hit is SIN
[11:20] {pita} I sin too much
[11:20] {Threei}  sin no more
[11:20] {pita} yes lord
[11:20] {jfjf64} ditto
[11:20] {Threei}  if there is one thing in trading that WILL kill you, no ifs and buts,
[11:20] {pita} I tell myself that often
[11:21] {Threei}  it's blown stops
[11:21] {pita} want my testimonial?
[11:21] {nemo} confession?
[11:21] {pita} lol
[11:21] {nemo} kneel to the Vader
[11:21] {nemo} aapl mags
[11:22] {magoo} im long .48 DANGEROUS
[11:28] {pita} gotta go, happy hunting everyone.....
[11:28] {Threei}  take care pita
[11:30] {dino} txn l .39
[11:31] {magoo} waiting exit aapl .07
[11:33] {Threei}  wtg
[11:33] {nemo} kewl
[11:33] {magoo} 2 for 2 aapl...never happens :)
[11:33] {Threei}  BAC
[11:33] {Threei}  14 break long
[11:34] {nemo} missed
[11:34] {dptl} in
[11:34] {magoo} in
[11:34] {nemo} in
[11:35] {Threei}  half out or scalp above .10, your decision
[11:35] {nemo} out
[11:35] {dptl} out
[11:36] {dptl} ty
[11:36] {Threei}  who kept half, feel free to get out here
[11:36] {nemo} now doesn't dp feel like an idiot :)
[11:36] {chinggis} out ty
[11:36] {magoo} out .22 BAC
[11:36] {magoo} ty vad
06[11:36] * nemo feels like an idiot
[11:36] {Threei}  welcome
[11:36] {magoo} in wfc with it
[11:36] {dptl} lol nemo.....
[11:36] {magoo} retro call off yours 
[11:36] {magoo} .15
[11:37] {magoo} out that .34
[11:37] {magoo} ty boss
[11:37] {magoo} and jpm off your bac .61
[11:37] {jfjf64} ty
[11:37] {magoo} out .84 there THANX vad..
[11:37] {Threei}  welcome guys
[11:37] {Threei}  triple welcome magoo
[11:38] {nemo} mags, should break your ankle more often
[11:38] {magoo} just took them all off your read BAC
[11:40] {Threei}  I think (and yes, it hurts), we are going to see one more insanely looking run up
[11:40] {Threei}  the trap for stress test buyers is not completed yet
[11:40] {nemo} Well, if you stood up and took pressure off your brain, it wouldn't hurt so much
[11:40] {Threei}  they must be lured in
[11:40] {Threei}  set up and killed
[11:40] {nemo} dismembered
[11:40] {nemo} disembowled
[11:40] {nemo} castrated
[11:41] {nemo} piked
[11:41] {nemo} crucified
[11:41] {Threei}  someone give Prozac to this man
[11:41] {dino}  i agree 3i, the gig is up soon
[11:41] {nemo} stream of consciousness
[11:41] {dino} past rallies since sept have been roughly 2000 dji points
[11:41] {Threei}  ummm... I'd rather call it UNconsciousness
[11:42] {nemo} yeah, that stuff comes out of me in zen
[11:42] {dino} most likely on s/p 950 top
[11:42] {dino} mygn stop to .30
[11:44] {Threei}  let's see if we get nice clean consolidation and break on WFC
[11:44] {Threei}  break naturally would be .50
[11:45] {Threei}  support fgor consolidation range is what we need
[11:45] {Threei}  so far too deep pullback
[11:45] {Threei}  next support is .20,
[11:45] {dino} out mygn .37, +.37
[11:45] {Threei}  so let's go with mini-range scenario
[11:45] {Threei}  dive under .30, holding above .20
[11:46] {Threei}  then break of .30
[11:46] {magoo} in .33
[11:46] {dino} celg tempting
[11:47] {Threei}  forms minirange .30 - .40
[11:47] {nemo} short dino?
[11:47] {dino} y
[11:47] {dino} not yet want one more pop up
[11:47] {dino} unless .50 breaks
[11:48] {Threei}  with that aggressive entry, I'd keep stop under .30, magoo... offer half above .40
[11:48] {dino} no, lets wait for pop
[11:50] {magoo} which vad lol
[11:51] {nemo} pop dino
[11:51] {jfjf64} what  the call boss
[11:51] {Threei}  non yet
[11:51] {Threei}  unclear
[11:51] {jfjf64} ty
[11:52] {nemo} frickin' lunch
[11:52] {Threei}  we need clear range,
[11:52] {Threei}  and .40 is pretty much defined as upper limit
[11:52] {Threei}  lower is a bit fuzzy
[11:52] {Threei}  so far is .25 instead of .30
[11:53] {Threei}  if you are OK with the stop under that, take this break
[11:55] {dino} idcc
[11:56] {dino} txn stop to .51
[11:57] {nemo} funny...I see idcc, ad I'm thinking dcc and I don't see a name...where's that prozac?
[11:57] {Threei}  not holding support
[11:57] {magoo} yup out
[11:57] {magoo} may setup again
[11:58] {magoo} grrrr
[11:58] {dino} to .57
[11:58] {Threei}  lunch mags
[11:58] {Threei}  lt's wait it out
[11:59] {nemo} celg dino, getting there
[11:59] {magoo} k
[12:01] {dptl} finishing early today....ty, and have a good rest of the day all :)
[12:01] {Threei}  take care dp
[12:02] {magoo} c u dp
[12:02] {dino} to .61
[12:03] {nemo} damn, missed celg
[12:04] {dino} out txn .61, +.22
[12:04] {magoo} PRU up 8 bux vad
[12:05] {Threei}  argh
[12:05] {Threei}  watched VNDA for 8.50 break short and missed
[12:05] {nemo} was it shortable?
[12:05] {dino} .75 area nemo
[12:05] {Threei}  yes
[12:06] {dino} i was too high 42.40
[12:06] {nemo} I was looking for cross below .50
[12:07] {dino} bwld whooshed stopped
[12:07] {magoo} vad u reading PRU?
[12:08] {nemo} you shorted @.75 dino?
[12:08] {Threei}  looks double-toppy
[12:08] {nemo} PRU might be topping
[12:08] {nemo} damn scary vad
[12:08] {Threei}  just a bot too volatile for exact call mags
[12:08] {Threei}  fuzzy area instead
[12:09] {nemo} you talking about me again vad: {&Threei} fuzzy area instead
[12:09] {dino} idcc sm s .11, stop .31
[12:10] {dino} no nemo, i am waiting there, was at .40 above
[12:10] {magoo} sh pru .76
[12:13] {dino} nice entry magoo
[12:15] {Threei}  one thing is what you want... another is what you need, and that's Prozac
[12:15] {dino} you should hear him
[12:15] {nemo} Can't always get what you waaaaanttttt
[12:16] {Threei}  no, I am fine not hearing that, thank you
[12:16] {nemo} stodgy
[12:17] {magoo} wROJR;JOFDJ;LJ;LJ;AO
[12:17] {nemo} dino-go check on mags
[12:17] {magoo} full boat
[12:17] {jfjf64} you go  magoooooooo
[12:18] {Threei}  is that a ceisure?
[12:18] {nemo} seizure
[12:18] {Threei}  that too
[12:18] {nemo} posession I think
[12:18] {nemo} go hold a mirror in front of his face see if there's a reflection
[12:18] {dino} lol
[12:19] {nemo} I saw it but chickened out...don't tell dp
06[12:19] * magoo slaps nemo around a bit with a large trout
[12:19] {magoo} i want morrrrrrrrrrrrrrrrrreeeeeeeeeeee
[12:19] {Threei}  whew... can I uncover my ears yet?
[12:19] {nemo} take it mags you're in support
[12:20] {magoo} u dont understyand nemo :)
[12:20] {dino} hard bstop it magoo
[12:20] {nemo} psychotic behavior?  I wrote the book
[12:20] {nemo} Can't save him from himself Dino
[12:21] {nemo} or at least I was the subject
[12:22] {dino} live by the sword....
[12:22] {nemo} Cmon Mags
[12:23] {nemo} we need to be able to yell at you about obscene profits
[12:23] {magoo} covered over point
[12:23] {magoo} TY VAD
[12:23] {nemo} wtg
[12:23] {dino} gj
[12:23] {patience} nice magoo
[12:23] {magoo} kinda bummed though...i cant ..i say i can not get a RIPPPPPPPPPPPPPPP
[12:23] {jfjf64} gj
06[12:24] * nemo plays mags a sad song on a violin
[12:24] {Threei}  probably time for financials reversal
[12:24] {Threei}  let's try to get FAS closer to 11 on pullback
[12:24] {dino} up we go for 20
[12:24] {Threei}  WFC under .30
[12:25] {Threei}  FAS first strength from here if holding above .95
[12:26] {Threei}  in
[12:27] {Threei}  in WFC
[12:27] {Threei}  stop under .15
[12:29] {dino} dieeeeeeeeeeeeeeeee idcc
[12:30] {dino} rimm lod
[12:30] {dino} 70 strike by the 15th
[12:33] {nemo} mags, watching pru again
[12:34] {magoo} yea
[12:34] {magoo} rather seea pop uopward
[12:34] {nemo} gettin it
[12:34] {magoo} if if mkt tanks lateriitcould be great short
[12:34] {nemo} maybe setting a dbi
[12:35] {magoo} not here imo
[12:35] {nemo} maybe you'll get $2 out of it today
[12:35] {magoo} lets wait
[12:35] {magoo} want 4 lol
[12:35] {nemo} not surprised
[12:36] {magoo} does this surprise u..................
[12:36] {nemo} duck
06[12:36] * magoo slaps nemo around a bit with a large trout
[12:37] {dino} idcc to .12 stuck
[12:38] {dino} nemo celg
[12:38] {dino} going thru .00 imo
[12:40] {Threei}  half out FAS
[12:41] {nemo} out wfc ty
[12:41] {dino} idcc cov., -.03
[12:41] {Threei}  welcome
[12:41] {Threei}  I'll try to get something out of it
[12:41] {Threei}  held the stop level with remarkable pfrecision
[12:42] {magoo} pfrecision...UHU?
[12:42] {ese} signing off for the day all....see ya much stuff to deal with
[12:42] {nemo} circumcision
[12:42] {Threei}  1/4 more out FAS .18
[12:42] {Threei}  take care ese
[12:42] {dino} cya es
[12:42] {Threei}  half out WFC
[12:42] {ese} c ya
[12:42] {Threei}  .40
[12:42] {dino} foods moving up, mcd, bwld, pnra
[12:43] {magoo} out wfc .41
[12:43] {magoo} TY BOSS
[12:44] {magoo} this i pain in ass thanking u all day her he
[12:44] {Threei}  I am sorry mags
[12:44] {dino} like reading code
[12:44] {Threei}  I can ease your pain by calling losing trades only
[12:44] {magoo} :)
[12:47] {nemo} qqqq's look like catfish swimming the bottom
[12:47] {dino} ok 20 over back down
[12:47] {jfjf64} question  wfc   .40 key # today  on chart
[12:48] {magoo} nemo, dcc 
[12:49] {Threei}  sorry jf... what's the question?
[12:49] {dino} celg sm s .60, stop hodwrls blood last two days
[12:49] {nemo} Hey, Laserbrain hasn't made an appearance yet?
[12:50] {nemo} Wonder where he is today?  Whoa CELG!
[12:50] {jfjf64} its been  hittin off 25.40    is  that key  to  look for   break
06[12:51] * magoo slaps laserdave around a bit with a large trout
06[12:51] * magoo slaps laserdave around a bit with a large trout
06[12:51] * magoo slaps laserdave around a bit with a large trout
[12:51] {Threei}  I am not delighted by that idea because it pulls back way too far from there
[12:51] {Threei}  range is too wide for me to enter bnreak comfortably
[12:51] {Threei}  so I prefer entries closer to lower end if the range
[12:52] {jfjf64} understood ty
[12:53] {nemo} RIMM slip slidin' away today
[12:55] {dino} celg stopped -.40
[13:01] {dino} wrld sm l .51
[13:02] {dino} april gap fill?
[13:02] {dino} celg rinsed
[13:03] {dino} lots of rinses today yesterday
[13:03] {magoo} missed PRU
[13:04] {magoo} 43.40 was short setup
[13:05] {dino} out wrld .20, +.69
[13:13] {dino} wrld v sm .00 l
[13:16] {magoo} BAC vad
[13:17] {dino} stop to .50
[13:17] {Threei}  this is what sent financials down:
[13:17] {Threei}  - indirect bidders take 33% of competitive bids
[13:17] {Threei}  - bonds draw 4.288%, 57.1% alloted at high{TLT}
[13:18] {dino} out ave .47,+.47
[13:20] {Threei}  okay... BAC pullback closer to .40 for entry
[13:21] {Threei}  and FAS around 55
[13:21] {dino} that wrld is a crazy one
[13:22] {Threei}  in both
[13:22] {Threei}  .43 BAC, .56 FAS
[13:22] {Threei}  stops under day low
[13:25] {Threei}  no wrky
[13:25] {fernp} stopped
[13:28] {dino} ok sm wrld .50 l
[13:32] {dino} stopped -.33
[13:45] {jfjf64} zzzzzzzzz
[13:47] {jfjf64} ya  ther anyone   or im i off server
[13:48] {nemo} no
[13:48] {jfjf64} ty
[13:48] {Threei}  now nemo... why woluld you do that
[13:48] {nemo} do what?
[13:48] {Threei}  since wehn we are making anyone feel good here
[13:48] {nemo} I said, "no"
[13:49] {nemo} and I didn't say, "you're welcome"
[13:49] {Threei}  if you guys intend to turn in warm and fuzzy fiends group-hugging trice a day, Iam ouuta here
[13:49] {Threei}  correct answer is:
[13:49] {Threei}  yes, you are off the server, and no, we are not sorry about that
[13:49] {dino} bwld sm l .00
[13:49] {larisa} leave jf alone, i liked his DRYS alert this morning!
[13:50] {Threei}  there... one more defendent of warm and fuzzy
[13:50] {jfjf64} ty
[13:50] {Threei}  defender?
[13:50] {nemo} Larisa...whaddya' expect?
[13:50] {larisa} lol
[13:51] {Threei}  and you jf... shame on you, I'd expect you to feel better among rude unwashed that amonth bleeding heart intellectuals
[13:51] {Threei}  that = than
[13:51] {jfjf64} on  that  note  larrissa  look at  lvs
[13:51] {nemo} frickin' Harvard commie Cambridge bastards
[13:51] {jfjf64} lol  vad
[13:53] {nemo} little late on that one jf
[13:54] {larisa} no he was not
[13:55] {jfjf64} ty larrissa
[13:55] {nemo} Vad, think the financials might be warming up?
[13:57] {nemo} from a "short" point of view Larry
[13:57] {dino} some serious pullbacks
[13:58] {larisa} LVS got .15 very nice trend exhaustion jf.. ty
[13:58] {Threei}  they are trying...
[13:58] {dino} ebix
[13:58] {Threei}  not sure if that's it or they need a bit more time
[13:59] {nemo} yeah, or do the traders come back for lunch and commence selling
[13:59] {Threei}  that would be about now
[13:59] {Threei}  and they seem to rather buy
[14:01] {Threei}  if you feel it's time to try
[14:01] {Threei}  BAC .10 break if stays abve 13
[14:01] {dino} wrld bottomed
[14:01] {Threei}  FAS about here with stop under .30
[14:01] {nemo} needs fas?
[14:05] {magoo} aapl held that welkl
[14:06] {magoo} long .40
[14:06] {magoo} stop.89
[14:08] {magoo} better aapl stop is .14
[14:09] {Threei}  if took FAS, start partialling out
[14:09] {Threei}  same for BAC
[14:12] {magoo} my aapl trade is based on a mkt if no bounce..get out
[14:12] {nemo} bouncing off the ceiling?
[14:14] {Threei}  {XLF}
[14:15] {magoo} out aapl no gop
[14:15] {nemo} volume drops on pru magoo  :)
[14:16] {wulff} Think we can get a RIMM pop?
[14:21] {Threei}  trial?
[14:28] {nemo} market strengthening
[14:28] {nemo} ?
[14:28] {magoo} blair witch project?
[14:28] {Threei}  mostly finnies
[14:28] {Threei}  the rest is not really
[14:28] {Threei}  not yet
[14:28] {nemo} spy and qs alittle
[14:30] {nemo} funny mags...seen her picture?
[14:33] {dino} bwld stop to .39
[14:34] {dino} out slip .35, +.35
[14:35] {Threei}  this BAC pullback should be worth trying
[14:36] {nemo} everyting is going south
[14:38] {Threei}  hmm?
[14:38] {Threei}  from who?
[14:38] {nemo} Visa or Mastercard?
[14:41] {nemo} mags you short pru further?
[14:42] {magoo} real setup
[14:44] {nemo} what about that lower high @43?
[14:44] {magoo} just my opinion
[14:44] {nemo} just askin?
[14:44] {magoo} not convinced its done
[14:45] {larisa} cmon market, lets do complete reversal into the close and confuse everybody! :)
[14:45] {nemo} Larry!
[14:45] {larisa} lol
[14:45] {Threei}  that's what seems to me the way to confuse most larisa
[14:45] {nemo} I'm confused ENOUGH!!
[14:45] {Threei}  thus it's what market ought to do
[14:46] {nemo} so, the market thinks like a woman?  No wonder I have no clue...
06[14:47] * larisa slaps nemo around a bit with a large trout
[14:47] {nemo} trouting me is doubly's fratricide.
[14:48] {dino} lol
[14:49] {dino} sm wrld .51 l
[14:50] {fernp} good evening all. see u tomorrow
[14:50] {nemo} nite
[14:50] {Threei}  take care fern
[14:55] {dino} cya ferp
[14:59] {wulff} market aint got no mojo
[15:00] {Threei}  MAR CONSUMER CREDIT: -$11.1B V -$4BE
[15:00] {Threei}  - prior revised from -$7.5B to -$8.1B
[15:00] {nemo} whoa
[15:02] {dino} out wrld .18, +.67
[15:02] {dino} brb
[15:02] {larisa} nice
[15:08] {Threei}  okay... decision time for the markety
[15:08] {Threei}  I still think rally into close
[15:08] {Threei}  you disagree, just stay away
[15:09] {Threei}  willing to try, let's hunt
[15:09] {dino} disagree
[15:09] {jfjf64} i  lk  that vad
[15:09] {dino} up then down to new lows
[15:09] {larisa} :)
[15:10] {dino} and ty larisa
[15:10] {Threei}  FAS still holding above 10
[15:10] {magoo} if so vad..spy candidate
[15:10] {dino} ebix
[15:11] {Threei}  just take half lot FAS as close to 10 as you are comfortable, and keeop stop rifght under it
[15:13] {dino} clmt
[15:14] {dino} lod
[15:14] {dino} eqix too
[15:16] {wulff} in .06
[15:17] {dino} ebix sm l .60
[15:19] {Threei}  half out FAS
[15:19] {wulff} scalp
[15:19] {Threei}  ofering 1/4 more .25
[15:20] {wulff} LAter dudes and dudettes
[15:20] {Threei}  take care wulff
[15:20] {Threei}  wait!!
[15:20] {Threei}  see my .25 getting hit
[15:20] {Threei}  now go :)
[15:21] {Threei}  offering last portion .45
[15:21] {wulff} apparently scalp was too hasty
[15:21] {nemo} I'm off see ya mornin'
[15:21] {Threei}  out .45
[15:21] {dino} ok to -90 then drop
[15:22] {dino} cya nemo
[15:22] {magoo} nice vad {but not thankin u he he}
[15:22] {Threei}  that's 'cause you didn't trust i my rally
[15:22] {Threei}  if you did, you'd have gottent 40 cents out of this one
[15:22] {magoo} I DID
[15:22] {Threei}  but nooo... no one believes me...
[15:22] {magoo} plus wfc .35 to ./64
[15:23] {Threei}  who was that... "can't get any respect"
[15:23] {Threei}  forgot the name
[15:23] {magoo} magoo?
[15:23] {magoo} mags?
[15:23] {Threei}  lol
[15:23] {magoo} goober?
[15:23] {Threei}  dangerfield
[15:23] {Threei}  rogerfield
[15:23] {dino} darn bwld hit stop and went 70 more
[15:25] {jfjf64} vad got his  groove on   ty
[15:26] {Threei}  you did the trade jf?
[15:26] {jfjf64} y
[15:26] {Threei}  cool beans
[15:26] {jfjf64} fas .08
[15:27] {magoo} how come u dont care if magoo did? :)
[15:27] {jfjf64} to .22
[15:27] {Threei}  ummm
[15:28] {Threei}  I care mags
[15:28] {Threei}  but I mask it
[15:28] {dino} clmt l .10, stop .98
[15:28] {Threei}  I can't risk my reputation of heartless bastard
[15:28] {Threei}  I built it over so many years
[15:29] {Threei}  and you with your broken ankle is exactly the subject I should be kicking and punching. before you got better
[15:29] {dino} inbalances are buy side fwiw
[15:29] {Threei}  how about finnies?
[15:29] {magoo} specifically finnies
[15:29] {magoo} 'bac wfc
[15:29] {dino} yes
[15:29] {jfjf64} how bout  
[15:29] {Threei}  yeah, that was rhetoric question
[15:30] {Threei}  how about those finnies
[15:30] {Threei}  told ya, rally last hour
[15:30] {magoo} havent rallied yet boss
[15:30] {dino} ugh wrld
[15:30] {Threei}  BAC almost a dollar
[15:30] {magoo} true
[15:30] {Threei}  FAS about 60 cents
[15:30] {jfjf64} comon pullback kid
[15:30] {magoo} so u meant finnie
[15:31] {Threei}  it's BANK stress tests results today mags
[15:31] {Threei}  finnies is where th trap is
[15:31] {Threei}  - Requires lenders to be licensed and seeks national standards for home mortgage lending{XHB XLF}
[15:32] {dino} here come thev new lows
[15:32] {jfjf64} pru
[15:35] {dino} switched to sell side
[15:35] {magoo} the games :(
[15:35] {Threei}  BAC
[15:35] {Threei}  nice pullback watching for bounce again
[15:35] {magoo} trickery in the pits
[15:36] {Threei}  in
[15:36] {Threei}  .52
[15:36] {Threei}  stop under .45
[15:37] {Threei}  funny jumps
[15:38] {Threei}  out .51
[15:38] {Threei}  shrug
[15:39] {magoo} the foolery in the pits
[15:40] {Threei}  second attempt
[15:41] {Threei}  .51 in
[15:41] {Threei}  offering above .60
[15:41] {Threei}  out
[15:43] {dino} out clmt .24, +.14
[15:43] {magoo} out
[15:43] {magoo} dammmit..ok..THANK u vad
[15:44] {Threei}  tough job eh mags?
[15:45] {magoo} ive had worse he he
[15:45] {magoo} but i do not recall; having to say it so mucxh and so often 
[15:45] {magoo} NICE work..u da man
[15:46] {Threei}  I am sure.. last person trying to call me da woman is buried on another continent
[15:46] {dino} eqix sm l .00
[15:47] {magoo} in tundra i bet
[15:50] {dino} out eqix .40, +.40
06[15:51] * magoo slaps dino around a bit with a large trout
[15:51] {dino} ebix to .38 stuck
[15:51] {dino} lol magoo
[15:52] {dino} tyhese are the markets i like, chaos
[15:52] {Threei}  not sure I have partience to sit and wait an hour for stress test results
[15:52] {dino} baseball, no can do, gotta hop at 4
[15:52] {Threei}  if I don't fall asleep, don't have anything better to do etc, may get back to comoutrer in an hour
[15:53] {Threei}  outta be fun
[15:53] {dino} to .45
[15:53] {Threei}  kay guys, thank you all
[15:54] {Threei}  have a good evening, see you tomorrow
[15:54] {larisa} later :)
[15:54] {dino} u2 vad
[15:54] {dino} thc
[15:54] {magoo} bye vad:)
[15:54] {patience} thanks vad
[15:54] {jfjf64} good night lot of fun  today    $$   lol
[15:54] {jfjf64} bac
[15:55] {dino} gj jf
[15:55] {dino} well i was backwards, new lows now -90
06[15:56] * Threei drums his chest
[15:57] {Threei}  {XLF}
[15:57] {Threei}  wth does it even mean
[15:58] {Threei}  or to keep in tune with Stewie theme I should have said wtd
[15:58] {dino} out ebix .50 -.10
[15:59] {dino} lol
[16:01] {dino} thx all gn

Wednesday, May 6, 2009

May 06 2009

Fairly nice day with a few plays on financials (BAC, WFC etc), casinos (MGM, LVS) and dryshipper EGLE.

Session Time: Wed May 06 00:00:00 2009

[08:12] {magoo} morning
[08:14] {Threei} good morning
[08:15] {Threei} APR ADP EMPLOYMENT CHANGE: -491K V -645KE
[08:15] {Threei} all is wel
[08:15] {Threei} well too
[08:16] {magoo} less decline than expected
[08:19] {magoo} FIG news vad?
[08:20] {Threei} 05/06/09 07:10am
[08:20] {Threei} [FIG] Fortress Investment Group LLC Reports Q1 GAAP -$0.71 v -$0.74 y/y, R $122.3M v $87.3Me
[08:20] {Threei} - Reports AUM $29.5B v $29.5B q/q
[08:34] {pita} gm everyone
[08:35] {Threei} pita :)
[08:48] {Threei} FAZ decisively aims toward zero
[08:53] {chinggis} gm all
[08:53] {Threei} chinggis :)
[08:56] {cosmo} CROX
[09:04] {Threei} DRYS consolidates under 10.30
[09:05] {nemo} What I miss?
[09:06] {Threei} depends on how many centuries you slept...
[09:06] {nemo} just call me Rip
[09:06] {ese} good morning
[09:06] {Threei} but if you know that the cold war is over, you are fairly up to speed
[09:06] {Threei} ese :)
[09:07] {cosmo} the latest cold war?
[09:08] {Threei} don't confuse him cosmo
[09:08] {cosmo} k....back to sleep then
[09:08] {Threei} I mean, any more than I will
[09:10] {cosmo} its your privlage, of course
[09:10] {cosmo} privlege
[09:10] {fernp} Good morning
[09:10] {Threei} fern :)
[09:10] {cosmo} DRYS tests
[09:12] {cosmo} 10.30 wall melts
[09:12] {pita} can this pre mkt bank run continue?
[09:12] {pita} quite the rip
[09:13] {Threei} it can, but the main question is, are we willing to chasde it insteasd of waiting for pullback?
[09:13] {nemo} what isn't ripping
[09:15] {Threei} - Must be adequate safeguards in place to prevent big financial firms from taking on too much risk.
[09:15] {Threei} - Large financial firms may require new disclosure and reporting requirements.
[09:15] {Threei} - Would like to see power to regulate systemic risk held by more than just one body.
[09:17] {Threei} so, with all the rumors flying around about BAC needing tens on billions, it moves up almost two points pre-market?
[09:17] {nemo} another sprint out of the gate day and meander around the high until the program trading kicks in after three and gooses it some more?
[09:22] {Threei} working assumption is, hard pullback from the opening, a few nervous moves, then recovery and new highs
[09:22] {Threei} if market jumps up from the open, I will miss the move
[09:24] {Threei} FIG knows no limits eh?
[09:25] {Threei} if you feel the pullback after open is our scenario and don't mind very risky opening play,
[09:25] {Threei} FAZ 6.20 break is your play
[09:26] {nemo} vinod and Mags should be all over it
[09:27] {Threei} BAC is climbing even more into open
[09:27] {Threei} definitely "wait for pullback"
[09:27] {Threei} no way I am buying breakout here
[09:28] {Threei} I am rather prepared to cry if it goes to 15 with no pullbacvk
[09:28] {Threei} nemo, pass me a tissue please...
[09:28] {nemo} use your sleeve
[09:28] {Threei} how inconsiderate
[09:29] {nemo} that's what they're for
[09:29] {Threei} keeping DRYS and LVS on bakcburner as well
[09:30] {Threei} btw, on FAZ... if consolidates a little under 6.10, break of it is a play as well
[09:30] {Threei} if stays above 6
[09:31] {Threei} BAC pulling back
[09:31] {Threei} prepare half lot
[09:31] {Threei} we want sharp selloff under 11.50
[09:32] {Threei} FAZ in 5s... lol
[09:34] {Threei} Short Setup: BAC 11.80 half lot
[09:34] {nemo} missed
[09:34] {Threei} stop above 12
[09:35] {Threei} same setup
[09:37] {Threei} Long Setup: FAZ 6 break if stays above 5.90
[09:38] {Threei} stop 11.95 BAC
[09:39] {nemo} took the scalp on back ty
[09:39] {Threei} on whose back?
[09:39] {nemo} bac bohica
[09:39] {fernp} excellent Vad. out BAC ty
[09:40] {Threei} welcome... am I alone still in?? :)
[09:40] {pita} in faz
[09:40] {Threei} BAC 1:1
[09:40] {magoo} covered bac .65...wfc .65
[09:40] {magoo} in faz
[09:40] {Threei} covered galf
[09:40] {Threei} half
[09:41] {Threei} stop to b/e
[09:41] {Threei} FAZ 1:1
[09:41] {Threei} taking scalp on this one
[09:41] {jfjf64} ty
[09:41] {Threei} sure thing
[09:41] {jfjf64} good mornin
[09:42] {tomg} ty vad
[09:42] {Threei} tom :)
[09:42] {Threei} DRYS
[09:42] {pita} out faz ty
[09:42] {Threei} pita :)
[09:43] {Threei} DRYS pullback starts looking sufficient
[09:43] {Threei} not quite ready yet
[09:43] {ese} l fitb .78
[09:44] {nemo} all's right with the world, ese playing fitb
[09:44] {ese} indeed
[09:44] {Threei} good boy BAC
[09:44] {Threei} missed DRYS probably
[09:45] {Threei} BAC stop for the balance to .75, waiting to see if I get .50 breakdown
[09:45] {ese} out Fitb .90 +.12
[09:46] {nemo} 20000 of the little buggers?
[09:46] {ese} 15
[09:47] {Threei} {little buggers} this is abuse... discrimination by size
[09:47] {ese} have cut back just a little
[09:47] {nemo} not to mention referring to them as buggers
[09:47] {jfjf64} nice bac call also b
[09:48] {ese} that was a perfect dino play on that pullback
[09:49] {nemo} bac setting up again for a short?
[09:49] {ese} bstop FITB .00
[09:49] {ese} clear sailing above 5.00
[09:50] {ese} smaller shares
[09:51] {pita} FITB moving opposite FAS?
[09:51] {ese} perfect call re the market Vad.......
[09:51] {Threei} why pita
[09:51] {Threei} they move together
[09:51] {Threei} more or less
[09:51] {ese} L
[09:52] {nemo} careful ese, he'll dislocate his shoulder again
[09:52] {pita} exactly, why opposite now?
[09:52] {Threei} it's a pwermanent condition nemo
[09:52] {Threei} I don't see opposite
[09:52] {Threei} you sure tyou are looking at FAS and not at FAZ?
[09:53] {pita} yes, i'm sure - but my fas chart froze, not good...
[09:53] {Threei} okay... that explains it
[09:54] {ese} your working assumption is going to make me alot of money this morning vad
[09:54] {jfjf64} ese fitb sailing
[09:54] {Threei} done with BAC
[09:54] {Threei} good to hear ese
[09:54] {pita} with chart freezing, missed FITB run ;(
[09:54] {ese} out 1/2 .10 +.10
[10:01] {ese} out in full .15 +.15
[10:02] {ese} will see about pullback
[10:02] {magoo} wheres dino??
[10:06] {ese} vad.....what do you see as a good pullback area for FITB
[10:07] {ese} assuming market co operates....i'm thinking .90
[10:09] {dino} gm all, cinco de maya issues
[10:10] {nemo} ahhhh...hungover
[10:10] {fernp} gm dino
[10:10] {pita} hornitos shots!
[10:10] {Threei} dino :)
[10:10] {dino} maybe time to move, neighbors are killing me, tequilla
[10:10] {Threei} feels lower to me, ese...
[10:11] {dino} sm mygn ,99
[10:14] {ese} ya qqqq's not looking stong
[10:14] {ese} sorry ..lower than .90?
[10:15] {nemo} fitb looking like a potential short here?
[10:15] {dino} stop is .73
[10:15] {ese} would agree nemo
[10:15] {fernp} ORCL breakdown, Vad?
[10:15] {magoo} we in anything vad..been elsewhere
[10:15] {Threei} not sure fern... a bit too narrow
[10:16] {fernp} ok
[10:16] {jfjf64} got nervous vad thought ya left us
[10:16] {magoo} bounce time SPY RISKY in .20
[10:16] {magoo} DNDN
[10:17] {magoo} sheesh
[10:17] {jfjf64} wow
[10:17] {nemo} market buy?
[10:17] {dino} stopped -.28
[10:19] {nemo} look at dndn now
[10:19] {magoo} stop spy at .98
[10:21] {nemo} Hey ese, did you short?
[10:21] {magoo} spy no work
[10:21] {ese} hey
[10:22] {nemo} me neither...just think 15000 of those little buggers
[10:22] {ese} just thinking about vad and his 6th sense....he's bang on again...fitb is lower
[10:22] {nemo} I'm telling ya' his shoulder is going to fall off one of these days. "Vad-the one armed day trader"
[10:22] {pita} where's the bounce spot FITB?
[10:23] {Threei} 4.80 is shaky one, 4.60 is much more solid
[10:23] {nemo} and no sighn of market help yet either
[10:24] {nemo} sign
[10:24] {ese} yup.....i'm in at that point regardless
[10:24] {nemo} .80 or .60 ese
[10:24] {ese} .60
[10:25] {ese} i'll buy something there....not sure how much but somethin
[10:25] {dino} trk
[10:25] {nemo} looks like a short candidate dino
[10:30] {Threei} *DOE CRUDE: +600K V +2.5ME
[10:30] {Threei} GASOLINE: -167K V +750KE;
[10:30] {nemo} that should shoot oil throgh the roof
[10:30] {Threei} actually it's dropping through the floor
[10:31] {nemo} watching dxo it shot up dropped back now we'll see
[10:32] {dino} pnra gap around 55,40
[10:32] {nemo} it's shooting up
[10:32] {Threei} hmmm
[10:32] {Threei} ESE
[10:32] {Threei} - pre-open
[10:32] {nemo} ese, you lose weight?
[10:33] {Threei} Long Setup: FAZ 6.15
[10:34] {Threei} if sets up from here, stop under 6.10
[10:35] {Threei} under 6.05 will become rather bounce candidate
[10:36] {Threei} just under 6 most likely
[10:36] {magoo} BAC trying here
[10:36] {magoo} in .70
[10:37] {magoo} stop .59
[10:37] {Threei} Short Setup: MGM half lot .30 breakdown
[10:37] {Threei} if stays under .50
[10:37] {dino} mgln sm l .40
[10:38] {Threei} unavailable
[10:38] {dino} gpro sm l .60
[10:39] {Threei} Long Setup: HIG .80 break
[10:40] {nemo} in hig
[10:40] {Threei} for scalpers stop under .70
[10:40] {fernp} in
[10:40] {Threei} for day trade under .60
[10:41] {Threei} yesteday high is .99
[10:41] {Threei} has a good chance to break it for bigger run
[10:41] {Threei} those who go foa daytrade consider partialling
[10:42] {fernp} out ty
[10:42] {Threei} 1:1 for scalpers
[10:42] {pita} ty HIG
[10:42] {Threei} welcome
[10:43] {jfjf64} ty
[10:43] {nemo} stopped
[10:43] {Threei} hmm?
[10:44] {Threei} something's disconnected here
[10:44] {nemo} scalped 1/2
[10:44] {fernp} I like to be on that list :)
[10:44] {nemo} moved stop to 80
[10:44] {Threei} oh I see
[10:44] {nemo} then blew through the stop
[10:44] {nemo} net zero
[10:44] {jfjf64} faz ??
[10:45] {Threei} don't see any play on it here
[10:45] {jfjf64} ty
[10:48] {Threei} no, I still don't get it nemo... :)
[10:49] {Threei} if you were going for a scalp why half,
[10:49] {Threei} if you were going for day trade, you haven't reached 1:1, why partial
[10:49] {Threei} you did some kind of hybrid, lol
[10:49] {nemo} got in @ .80 sold half at .90
[10:49] {Threei} target and stop as with scalp, partialijg as with day trade
[10:50] {nemo} I was playing tighter
[10:50] {Threei} and result is not really harmful, just a wash
[10:50] {Threei} but internal logic of the play is lopsided
[10:51] {Threei} my inner feel of harmony is upset
[10:51] {Threei} see? now you've upset my inner feel of harmony
[10:51] {pita} zen?
06[10:51] * Threei is crying bitterly in the corner
[10:51] {nemo} no, you allow your inner feel to be upset
06[10:53] * Threei kicks HIG in the rear, trying to restore fragile emotional balance by resorting to means of violence
[10:54] {pita} non zen
[10:54] {Threei} nope
[10:54] {Threei} let's trail HIG stop to under .65
[10:55] {nemo} not true violence can be performed in a zen state. Best fighters fight in zen
[10:55] {dino} pmra sm l .00
[10:55] {Threei} double top is possible, so let's tighten it by trailing to under last pullback low
[10:55] {nemo} you mean pnra dino?
[10:56] {magoo} long SAAP{L .40
[10:56] {magoo} RISKY
[10:56] {magoo} 'top .14
[10:56] {magoo} out .68 GET OUT
[10:57] {magoo} fast'
[10:58] {Threei} daytraders half out HIG
[10:58] {magoo} what am i again vad..forgot?
[10:58] {Threei} ummm
[10:58] {Threei} your true nature is still being studied by science mags
[10:58] {ese} swing L Fitb .90
[10:58] {magoo} hurry up so i diont mniss exit
[10:58] {Threei} and presents extreme puzzle
[10:59] {nemo} They'd never seen DNA like it before
[10:59] {Threei} enigma wrapped in mystery is magoo
[11:00] {nemo} and Churchill didn't even know him
[11:00] {Threei} stop to .75 for the balance
[11:02] {dino} gpro to .89
[11:04] {dino} pnra to .30
[11:05] {dino} nice when a plan comes together
[11:05] {dino} out pmra +.30
[11:06] {dino} wow thank you hard stop
[11:06] {dino} air pocket
[11:08] {nemo} hig becoming short candidate?
[11:08] {Threei} nah
[11:10] {dino} synt
[11:10] {Threei} Long Setup: EGLE .81 break
[11:10] {Threei} stop under .70
[11:10] {Threei} for hardcore scalpers under .75
[11:10] {dino} gpro to .95
[11:11] {nemo} partial
[11:11] {dino} tighten to .99
[11:11] {Threei} run DRYS run
[11:11] {Threei} lift our EGLE
[11:12] {dptl} good morning all
[11:12] {Threei} dp :)
[11:12] {ese} dp
[11:13] {dino} to .01
[11:13] {dino} to .09
[11:14] {dino} trk
[11:15] {dino} out gpro .11 reverse slip, +.51
[11:16] {dino} trk taunting me, "go ahead dino, short me"
[11:16] {magoo} DRYS
[11:16] {larisa} did not see your short often, or just missed?
[11:17] {pita} still like EGLE - missed original call
[11:18] {dino} didn't do it yet larisa, i will let you know
[11:18] {larisa} lol
[11:18] {dino} waiting at 19.80 but thats not happening
[11:20] {nemo} there goes hig
[11:22] {dino} double top larisa?
[11:24] {dino} sm s ave .03 trk
[11:24] {dptl} still in egle,Vad?
[11:24] {larisa} nemo should know, he is our db dt expert lately :)
[11:24] {Threei} nothing changed really dp
[11:25] {dino} speaking of nemo, amsc
[11:26] {larisa} I played AMZN bounce from 79.90 to 80.30 , still shaking. never again :)
[11:26] {dptl} took .81
[11:26] {dino} lol
[11:26] {dptl} egle
[11:26] {Threei} why... adnrenaline is good for you larisa
[11:27] {Threei} especially when typed right
[11:27] {larisa} no, I like clear head and no emotions !!!!!!!!! like that
[11:28] {Threei} ah
[11:29] {nemo} stopped egle
[11:30] {dino} trk stuck, tighten bstop to .22
[11:30] {Threei} pretty much everything is stuck
[11:31] {dino} stopped -.19
[11:34] {dino} will reload break of .00
[11:34] {dino} and 3i, agree
[11:37] {Threei} F
[11:37] {dino} sm l mygn .40
[11:38] {Threei} what a pity that MGM is not available for short
[11:39] {magoo} all finnies just popped
[11:39] {magoo} lvs is
[11:41] {dino} gmxr
[11:41] {chinggis} any read on ZION vad?
[11:42] {dino} trk wow almost hit that 19.80 order
[11:42] {Threei} 15 break is kind of standard setup for ZION... not sure it's worth the risk
[11:43] {chinggis} ok ty
[11:43] {Threei} LVS .40 short, maybe
[11:43] {Threei} if stays under .50
[11:43] {magoo} WFC getting strong here vad
[11:43] {magoo} JPM too
[11:44] {dino} pnra sm l .00
[11:46] {dino} trk s .40
[11:52] {jfjf64} lvs still valid vad
[11:54] {Threei} never went over .50
[11:55] {magoo} WFC
[11:57] {magoo} news AAPL vad?
[11:59] {magoo} WFCCCCCCCCCCCC
[12:00] {dino} trk stopped -.19, done w/.it
[12:01] {Threei} just went with market mags
[12:02] {magoo} i been long from first notice way earlier
[12:02] {dptl} egle stuck eh..
[12:04] {Threei} {EGLE} xcuse me? who are you calling stuck?
[12:04] {dptl} :)
[12:04] {Threei} I can't believe this
[12:05] {Threei} pitchforks, feathers and tar are ready I assume
[12:06] {dptl} half out egle
[12:07] {Threei} you know it's against the law to dismember eagles, right?
[12:07] {dptl} lol
[12:07] {Threei} DRYS goes for break
[12:08] {Threei} if succeeds should help EGLE
[12:08] {ese} L...U....N...C...H
[12:08] {Threei} great... ese made me hungry
[12:11] {ese} my swing trade in fitb is probably going linger now that the big boys are having a few martinis.....meaning i have to sit and wsait while they get drunk
[12:11] {Threei} I am not sure what prevents you from getting drunk yourself meanwhile
[12:15] {pita} enough fun for today, later everyone.
[12:15] {Threei} take care pita
[12:16] {Threei} half out EGLE
[12:16] {dino} cya pita
[12:17] {nemo} volumes staying up today
[12:19] {dptl} where are you trailing stop egle ,Vad?
[12:19] {Threei} under .80
[12:19] {dptl} ok ty
[12:25] {dino} is it me or is it slow today?
[12:25] {Threei} very
[12:26] {Threei} oh, and it's you
[12:26] {Threei} both
[12:26] {Threei} also, somehow it's magoo's fault
[12:26] {dino} annnn
[12:26] {dino} ahhhh
[12:29] {Threei} - Raymond James analyst comments that BAC could eventually rise into the $40s
[12:30] {Threei} BAC jumped as if it were to happen today
[12:30] {Threei} - reiterates Buy rating and $12 target
[12:32] {Threei} run EGLE run (yawn)
[12:33] {dptl} all out .95 ty
[12:33] {Threei} traitor
[12:34] {dptl} :)
[12:34] {Threei} smiling traitor
[12:36] {cosmo} one man's traitor is another man's partriot
[12:36] {larisa} lol
[12:36] {cosmo} do the math...:)
[12:36] {Threei} lol
[12:37] {magoo} looking for jpm.wfc and wfc to break highs
[12:38] {magoo} wfc=bac
[12:38] {cosmo} already?
[12:38] {Threei} hehe
[12:38] {Threei} good one cosmo
[12:39] {cosmo} :)
[12:39] {Threei} me out EGLE
[12:39] {Threei} +.16
[12:39] {Threei} dp's fault
[12:39] {Threei} started feeling lonely
[12:39] {dino} holx l .10\
[12:45] {chinggis} BAC pullback buyable vad?
[12:45] {Threei} looks so, I'd just like it closer to 12
[12:45] {chinggis} ok ty
[12:46] {Threei} TV discusses how Specter lost seniority in Senate when switched parties
[12:46] {Threei} how the hell is it opf interest to anyone but Specter?
[12:47] {magoo} CTIC CTIUC
[12:47] {Threei} I don't havce news
[12:47] {magoo} i caught .55 to .80 and WOW
[12:48] {Threei} must be hype somewhere
[12:48] {magoo} yea
[12:48] {magoo} nuts
[12:48] {magoo} be careful
[12:48] {magoo} laserhds cant short it
[12:48] {magoo} like u want to??
[12:49] {Threei} guy who bought 80 cents stock at 1.55 suggests us to be careful?
[12:49] {Threei} oh the humanity
[12:49] {magoo} just scalpin
[12:50] {Threei} well... if you said you invested in it, I'd offically listed you as insane
[12:50] {larisa} too many lists vad
[12:50] {Threei} it's no problem larisa
[12:51] {Threei} I lose them overnight anyway
[12:51] {Threei} and start anew
[12:51] {dptl} flying higher egle ,(they say it's going to be raining )
[12:52] {Threei} flying?
[12:52] {Threei} crawling is more like it
[12:52] {Threei} magoo with broken ankle running in mollasses
[12:52] {dptl} or that :)
[12:52] {magoo} i hope im on top of at least one of them
[12:52] {Threei} you are... most of them
[12:52] {Threei} runners in mollasses
[12:53] {Threei} gamblers extraordinare
[12:53] {Threei} CTIC... let the bagholders cry
[12:53] {Threei} women and children fikst to exit
[12:56] {dino} pnra stopped -.30
[12:56] {magoo} hit it .24 trying out .43
[12:56] {Threei} this one was good
[12:56] {Threei} not gambling
[12:57] {Threei} riskis beyond what most in the room would tolerate, but technically valid play
[12:57] {magoo} so add me to that list too:)
[12:58] {Threei} wow EGLE
[12:58] {Threei} I want a mulligan
[13:00] {magoo} vad..i need a good trade on aapl or rimm or the like
[13:00] {magoo} not now..but get watching them ok?
[13:01] {Threei} trade I can offer any moment
[13:01] {Threei} good - hmmm
[13:01] {magoo} not now..
[13:01] {dino} pnrav gap fill
[13:01] {dino} pnra
[13:01] {Threei} but why do you NEED a play on RIMM{ pray tell
[13:01] {magoo} my fix
[13:02] {Threei} lol... that's so wierd
[13:02] {Threei} weird
[13:02] {Threei} whatever
[13:02] {Threei} .50 closest RIMM support where I'd get interested
[13:03] {magoo} aapl has one in there too...get watchin
[13:05] {dino} for an up day, everything i watch is negative
[13:05] {Threei} quite odd feeling dino, I have it too
[13:06] {Threei} very compartmentalized market
[13:06] {dino} yeah
[13:06] {Threei} and make no mistake: this word is 3 times longer than I usually use, and it took me years of hard work to get this pompous
[13:07] {Threei} mags
[13:07] {dino} pnra l sm .40 on gap fill
[13:07] {Threei} may want to entertain short RIMM
[13:07] {Threei} resistance 77
[13:08] {Threei} see if it establishes little range
[13:08] {dino} bwld sm l .80
[13:08] {Threei} bounced into 77 on lower volume, feels right for short
[13:14] {Threei} GS
[13:14] {Threei} - Earlier a Citigroup analyst noted that GS and STT were going to perform the best in stress tests
[13:21] {Threei} HIG again
[13:23] {Threei} didn't think that HIG consolidation was worth the risk
[13:23] {Threei} grrr
[13:34] {magoo} C C
[13:36] {Threei} C
[13:36] {Threei} - prior reports from earlier this week noted that Citigroup would need to raise an additional $10B in new funding
[13:36] {Threei} all these flying rumors
[13:37] {Threei} duirect result of whole mess with these idiotic tests
[13:42] {vinod} good afternoon. been busy lately
[13:42] {Threei} MET
[13:42] {Threei} hi vinod
[13:42] {vinod} lots of problem with sever I am managing
[13:43] {larisa} are we interested in LVS bottom ?
[13:43] {Threei} one more quick dive, and yes
[13:44] {Threei} to or under .50
[13:52] {larisa} you always want one more, greedy :)
[13:53] {Threei} yeah... sorry
[13:53] {larisa} np, i scalped it .60-.75
[13:54] {Threei} didn't look convincing to me
[13:54] {larisa} I was thinking temp bottom too
[13:55] {Threei} STT... what a move of that news
[13:57] {nemo} looks like the rally is confirmed. Banks have been blessed volumes are up
[13:57] {Threei} huh?
[13:57] {Threei} this bank rally comes to an end, IMO
[13:58] {Threei} stress test results is what this rally leads up to, with dump after
[13:58] {nemo} that's what we smart guys (and gals) expect
[14:01] {vinod} look like i haven't miss anything?
[14:01] {Threei} WFC... if this continues, magoo will buy 26 break
[14:06] {Threei} C and BAC are the storngest
[14:08] {Threei} HIG consolidates again
[14:09] {Threei} C
[14:09] {Threei} if you are in the mood to try pullback
[14:09] {Threei} around .80 - .85
[14:09] {magoo} dammit
[14:12] {Threei} C
[14:13] {Threei} BAC
[14:14] {nemo} they bought Countrywide at gunpoint so they'll get the kiss behind the ear from the gubmint
[14:14] {Threei} I'd assume that's good, but good and bad seem to lose any meaning lately
[14:18] {vinod} Why to rock the boat market doing good delay stress test
[14:18] {Threei} trap is ready to shut
[14:18] {Threei} publish half-decent looking result, public happily buys in
[14:19] {Threei} dump in their lap all accumulated over last couple month
[14:19] {Threei} and start the cycle anew
[14:19] {Threei} rinse and repeat
[14:21] {jfjf64} hig
[14:21] {Threei} who took C at the level I indicated, take scalp or sell half here
[14:21] {dptl} so Magoo is in wfc?
[14:23] {vinod} I took WFC at 26.00 as vad said
[14:23] {Threei} partial out here
[14:23] {Threei} or just take scalp and be happy
[14:23] {vinod} out at 26.25
[14:23] {Threei} this starts looking a bit hysterical
[14:23] {vinod} wow! it is going
[14:23] {Threei} can change on a dime
[14:24] {Threei} FITB... I winder if ese is still in
[14:24] {Threei} wonder too
[14:24] {vinod} my frist trade in two days
[14:25] {chinggis} out C +.06 ty
[14:25] {Threei} good to see it's a win
[14:27] {chinggis} C in .88 , out .94
[14:29] {Threei} a little high... but trends are forgiving
[14:30] {ese} Hi all.....coming to you from the music room at Victoria High school
[14:30] {dino} es
[14:31] {Threei} 14:24] {Threei} FITB... I wonder if ese is still in
[14:31] {larisa} sell your FITB and retire, ese :)
[14:31] {ese} out FITB .21 +.31
[14:31] {chinggis} gj ese
[14:31] {Threei} 20K littlebuggers?
[14:31] {dino} bwld stop to .09
[14:31] {vinod} FAZ going to be at 3?
[14:32] {Threei} today?
[14:32] {Threei} or eventually?
[14:32] {ese} no just 15k vad.....being a little more cautious with it
[14:32] {vinod} eventually
[14:32] {ese} it's made a nice move
[14:33] {dino} out bwld +.29
[14:33] {Threei} eventually I can't see how it can avoid being zero
[14:33] {vinod} reverse split
[14:33] {ese} how does that work.......
[14:33] {dino} mygn to flat
[14:33] {nemo} cut back on the number of shares
[14:34] {nemo} instead of giving 2 for every 1, you cut them in half
[14:34] {Threei} I don't know how reverse split can work on ETF
[14:34] {nemo} whatever ratio you want to use
[14:34] {vinod} don't aks bank rober who to rob a bank
[14:34] {nemo} me neither
[14:34] {Threei} there are too many factors involved
[14:34] {Threei} nor, to say honestly, do I care to find out
[14:35] {dino} mygn stopped flat
[14:42] {dino} tree
[14:43] {Threei} nice pullback FITB
[14:43] {Threei} and BAC
[14:43] {ese} i'll say
[14:44] {ese} i missed the stress test report....what was the outcome
[14:45] {Threei} rumors only for now
[14:49] {jfjf64} bounce bac vad
[14:50] {dino} mygn l .25
[14:50] {jfjf64} needs to consilated correct
[14:51] {vinod} bank rally could fade, erasing the gains, as quickly as it started.
[14:51] {Threei} yes vinod, but only after it suckers in the, umm, suckers
[14:52] {magoo} last hour prediction vad?
[14:53] {Threei} up
[14:53] {nemo} 170
[14:54] {magoo} ty
[14:56] {ese} signing off everyone....see you tomorow
[14:56] {Threei} take care ese, congratulations
[14:56] {Threei} another fine day for you
[14:56] {ese} thank you
[14:56] {Threei} except little buggers will sue you soner or later
[14:56] {ese} thas what i'm afraid of
[14:57] {ese} see ya
[14:59] {Threei} {XLF}
[14:59] {Threei} sh*t
[14:59] {Threei} pardon my french
[14:59] {nemo} merde
[15:10] {jfjf64} uso ??
[15:12] {Threei} chart is right for a break
[15:12] {Threei} but you know how volatile USO can be?
[15:12] {Threei} be very careful with it
[15:12] {jfjf64} up or down lol
[15:12] {dino} mygn stopped -.27
[15:12] {dino} bwld l .55
[15:12] {chinggis} PTEN chart looks like USO
[15:12] {dino} sm
[15:13] {chinggis} my bad, it was wrong
[15:13] {chinggis} i was looking at different chart
[15:19] {Threei} ABk
[15:21] {Threei} watching WFC for fast selling
[15:22] {Threei} to enter for bounce
[15:24] {Threei} here it goes
[15:24] {Threei} one more sharp red bar please
[15:25] {Threei} BAC around 12.10 and WFC .40 - .50 is probale bounce zones
[15:25] {Threei} in WFC
[15:25] {Threei} .44, stop under .35
[15:26] {Threei} in BAC .15
[15:26] {Threei} out WFC .62
[15:26] {Threei} BAC stop under .10
[15:27] {magoo} out .69 TY
[15:27] {Threei} wtg
[15:27] {Threei} anyone else?
[15:27] {Threei} come on guys, easy play, and alerted well in advance
[15:27] {jfjf64} ty ty
[15:27] {larisa} I was waiting for 1 more bar:)
[15:27] {nemo} knife catcher Vad
[15:27] {Threei} lol
[15:28] {Threei} nah, not really
[15:28] {jfjf64} in .57 out .71
[15:28] {Threei} clean nice capitulation right into support
[15:28] {jfjf64} slipp on way out
[15:28] {Threei} .57?
[15:28] {Threei} wow
[15:28] {Threei} that's high
[15:29] {jfjf64} i know prints not good
[15:29] {Threei} out BACbe careful jf, on capitulatory selloff you don't have much room
[15:29] {Threei} umm
[15:29] {Threei} that was two sentences in one
[15:29] {Threei} let me try again
[15:30] {Threei} be careful jf, on capitulatory selloff you don't have much room
[15:30] {Threei} one
[15:30] {Threei} anotyher:
[15:30] {Threei} out BAC .25
[15:30] {jfjf64} nice
[15:34] {Threei} as always, I have zero patience for these plays
[15:34] {Threei} WFC was worth over 50 cents
[15:34] {Threei} BAC 20
[15:35] {jfjf64} hmm
[15:35] {dino} bwld stop to .72
[15:36] {dino} slipped ave .67, +.13
[15:37] {dino} holx to .18
[15:37] {dino} out +.08
[15:38] {vinod} bac in 0.15 out .30 late to report
[15:38] {dino} gpro l; .51
[15:38] {Threei} wtg vinod
[15:39] {Threei} not too bad for vene vidi vici style of trading
[15:39] {vinod} no wfc
[15:40] {vinod} can't use chart like you guy do
[15:40] {Threei} what's chart?
[15:42] {vinod} something like that
[15:42] {Threei} JPM
[15:46] {dino} out gpro .63, +.12
[15:46] {Threei} dino, stop it
[15:46] {Threei} you are encroaching on my teritory
[15:47] {Threei} you do your +.90 plays, I'll do my +.12
[15:48] {dino} fine!
[15:49] {wulff} night all
[15:49] {Threei} take care wulff
[15:49] {dino} cya wulf
[15:50] {fernp} good evening everybody, see u tomorrow
[15:50] {Threei} fern :)
[15:51] {dptl} have a good evening all
[15:51] {vinod} good evening and see you tomorrow
[15:51] {Threei} dp, vinod :)
[15:51] {Threei} am I staying here to turn the lights off??
[15:51] {jfjf64} enjoy
[15:51] {jfjf64} im with ya
[15:55] {Threei} okay guys, no slightest desire to push anything on last minutes
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {magoo} ty vad
[15:56] {larisa} later :)
[15:56] {jfjf64} later

Tuesday, May 5, 2009

May 05 2009

Not much happened. Some trades worked, some didn't - narrow and boring day for the most part.

Session Time: Tue May 05 00:00:00 2009

[08:11] {magoo} morning
[08:11] {Threei}  good morning
[08:12] {cosmo} so far...
[08:14] {magoo} wynn news vad?
[08:16] {Threei}  05/04/09 04:30pm [MGM] Reports Q1 -$0.06 v -$0.07e, R $1.50B v $1.57Be
[08:16] {Threei}  look LVS
[08:21] {KSystems} good morning
[08:22] {nemo} morgen
[08:22] {Threei}  ks, nemo :)
[08:24] {magoo} man, i see WFC hit 24, bac over 10..figures:(
[08:25] {Threei}  are you really willing to hold any of those overnight in this situation?
[08:27] {vinod} good morning to all
[08:27] {Threei}  vinod :)
[08:27] {Threei}  remember I said yesterday thast all kinds of rumors will be flying around into stress tests results
[08:27] {magoo} no, u misunderstand..i left at 1:30 for docs
[08:27] {magoo} i was  long thosse
[08:27] {Threei}  Quoting unnamed sources familiar with the stress-test results, Wall St Journal reported that the government is expected to request that 10 out of the 19 banks undergoing stress tests would be requested to raise additional capital. This follows speculation that Bank of America and Citi, would need a $10B equity raise - a claim refuted by BAC spokesman - and as many as 4-6 banks would have to post additional capital.
[08:28] {magoo} cut to go'
[08:28] {Threei}  ah
[08:28] {Threei}  well... how's ankle?
[08:29] {magoo} ok, ty for asking
[08:30] {vinod} missed yesterday--today is going to be my day
[08:33] {Threei}  ACAD got target 7
[08:33] {Threei}  from JPM
[08:33] {pita} greetings all
[08:33] {magoo} jpm put price target of 7?
[08:33] {Threei}  pita :)
[08:34] {Threei}  06:43am [ACAD] JMP Securities Raised ACAD to Market Outperform from Market Perform, price target: $7
[08:34] {ese} good morning 
[08:35] {Threei}  ese :)
[08:39] {fernp} good morning
[08:39] {Threei}  fern :)
[08:41] {ese} fern
[08:49] {Threei}  keep an eye on ACAD for possible repetition of yesterday's opening
[08:50] {Threei}  it dropped sharlpy from pre-market levels, and immediately shot up like crazy anthelope
[08:50] {nemo} I didn't know antelope's were heroin addicts?
[08:51] {cosmo} only those in Afganistan
[08:51] {nemo} they just sell the poppy's
[08:52] {cosmo} they transport them; they get a cut...
[08:53] {pita} thoughts on ALKS?
[08:53] {nemo} those are yaks
[08:53] {cosmo} oh
[08:53] {ese} what the s/p at so far...
[08:54] {Threei}  I don't see news
[08:54] {Threei}  on ALKS
[08:54] {larisa} good morning :)
[08:54] {Threei}  larisa :)
[08:54] {dptl} good morning all
[08:54] {Threei}  is it just sympathy with AMLN?
[08:54] {Threei}  dp :)
[08:55] {cosmo} AMLN:  Exenatide Once Weekly New Drug Application Submitted to FDA for Type 2 Diabetes
[08:55] {ese} anyone have s/p quote for this morning
[08:55] {ese} dp
[08:55] {ese} larisa
[08:55] {Threei}  898.70 I see ese
[08:55] {nemo} spy is 90.36
[08:55] {pita} ALKS partnering with AMLN
[08:56] {ese} tks mine not quoting....weird ...don't know why
[08:56] {nemo} spx is 904.72
[08:56] {nemo} 904.80
[08:56] {cosmo} HOLX
[08:56] {cosmo} 12.50   so far
[08:57] {Threei}  don't know pita... AMLN's own story is just submission for approval
[08:59] {cosmo} Hologic Beats by Two Cents, Guidance Mixed - Down 7% in After-Hours
[08:59] {cosmo}   HOLX
[09:01] {ese} 22% haircut for holx
[09:01] {dino} gm all
[09:02] {dino} turnaround tuesday?
[09:02] {Threei}  dino :)
[09:02] {ese} dn dino?     got that feeling
[09:02] {nemo} does that mean a pullback then dino?
[09:02] {dino} y
[09:03] {dino} 5 mondays neg., tuesdays up, so .....
[09:05] {dino} yhoo
[09:05] {dino} rumors w/msft again
[09:06] {chinggis} gm all
[09:09] {ese} chingis
[09:09] {ese} ya yahoo just lit up my screens
[09:09] {Threei}  chinggis :)
[09:09] {nemo} Khan :)
[09:17] {ese} anyone trade yahoo regularly
[09:18] {ese} dialy chart looks all over the map.......does it trade in a fairly organized manner
[09:20] {Threei}  more or less, until another round of rumors with MSFT hits
[09:26] {jfjf64} good  mornin all
[09:26] {Threei}  jf :)
[09:26] {ese} jf
[09:27] {Threei}  WYNN
[09:27] {Threei}  REPORTS Q1 -$0.27 (UNCLEAR IF COMPARABLE) V $0.02E, R $740M V $742.6ME
[09:27] {jfjf64} how  ya feeli 3i
[09:27] {magoo} cinf call at 11 am
[09:27] {magoo} conf
[09:28] {Threei}  ty jf... why is it a concern though?
[09:28] {jfjf64} lol     
[09:28] {Threei}  LVS reports after close
[09:32] {Threei}  watching how DRYS is holding near .20 while market downticks
[09:32] {magoo} HOLX bouncer vad?
[09:32] {dino} y
[09:32] {dino} mygn bloody
[09:32] {dino} good report imo
[09:33] {dino} hsic good, but blood
[09:33] {jfjf64} strong  drys
[09:33] {nemo} fas exploded
[09:34] {cosmo}   GERN
[09:34] {cosmo} ...wants 6
[09:36] {cosmo} and more...
[09:36] {Threei}  LVS
[09:36] {Threei}  sharop pullback
[09:36] {Threei}  watching for wentry if drops to near 11
[09:37] {Threei}  in
[09:37] {Threei}  .03
[09:37] {Threei}  stop under .90
[09:38] {Threei}  no worky
[09:38] {ese} ouch dino...mygn
[09:39] {dino} sm l holx .00
[09:40] {Threei} Long Setup:  DRYS  .35 break
[09:40] {Threei}  if stays above .25
[09:40] {dino} missed it twice .00 amnd .35, now at .50
[09:41] {dino} fast
[09:41] {dino} hsic i like at 44
[09:46] {dino} gpro sm l .50
[09:46] {Threei} Long Setup:  LVS  .50 break if stays above .40
[09:47] {dino} watching mant, mgln, hsic, mygn
[09:48] {Threei} Long Setup:  DRYS  .86 if stays above .80
[09:49] {dino} mygn sm l .50 wide
[09:51] {Threei}  - note: the testimony might be released a bit early, so as not to conflict with the ISM data is due out at 10amET
[09:52] {dino} mant sm l .45
[09:52] {Threei}  ptry
[09:53] {Threei}  whoa WFC
[09:55] {dptl} cenx .50 break?
[09:55] {Threei}  if comfortable with stop under .35
[09:56] {dptl} ok ty
[09:58] {dino} mant stopped -.25
[09:59] {jfjf64} lvs whoa
[09:59] {ese} no clear direction in market today....if anything dn
[09:59] {Threei}  a l,ot of hectic up and down
[09:59] {fernp} YHOO strong today
[09:59] {dino} gpro to .80
[10:00] {Threei}  *APR ISM NON-MANUFACTURING COMPOSITE: 43.7 V 42.2E
[10:00] {dino} mygn to .99
[10:00] {dino} stopped +.49
[10:01] {dino} gro stopped slipped .75 +.25
[10:01] {Threei}  - Housing is stabilizing, but expects drops in inventory to slow
[10:02] {dino} rinsed ouch gpro
[10:03] {Threei}  - Pace of US contraction may be slowing, while demand, especially among households, may be stabilizing
[10:03] {Threei}  - US likely to see more "sizable" job losses.
[10:03] {Threei}  - Fed plans to issue monthly data on the collateral in its programs.
[10:03] {dino} cmtl sm l .15
[10:05] {Threei} Long Setup:  DRYS  10 break
[10:05] {Threei}  if stays above 9.90
[10:06] {Threei}  1:1
[10:06] {Threei}  this one I just can't believe: HIG
[10:07] {Threei}  stewie comes to mind
[10:07] {nemo} Doesn't stewie live in Connecticut?
[10:08] {Threei}  DRYS
[10:08] {Threei}  same setup once again
[10:09] {dino} mant sm l .15 
[10:09] {Threei}  difference being, this time stop will be under the level it bottoms at before taking 10 again
[10:09] {Threei}  under .95
[10:09] {dptl} in drys
[10:09] {Threei}  tighter risk control
[10:09] {dptl} .95?
[10:10] {Threei}  no
[10:10] {Threei}  [10:09] {Threei} under .95
[10:10] {ese} ya vad HIG is going opposite financials right now
[10:10] {dptl} lol i see it 
[10:10] {nemo} probably .91
[10:11] {Threei}  not even in tune with its closest relatives ese... MET and PRU
[10:12] {magoo} l mgm 11
[10:12] {magoo} .79 stop
[10:13] {ese} ya looked at met but not pru
[10:13] {dino} mant stopped .80-.35 done w/it
[10:13] {Threei}  RIMM
[10:14] {Threei}  not sure about break but of pulls back to .90 or just under, wortth a try
[10:14] {Threei}  DRYS hit 1:1 for scalpers
[10:14] {magoo} out .10
[10:15] {magoo} scalpin
[10:15] {chinggis} out mgm .10, ty magoo
[10:15] {Threei}  break looks better on RIMM now too
[10:15] {Threei}  stop under .90
[10:15] {magoo} welcome
[10:15] {magoo} in rimm
[10:15] {dptl} 75?
[10:15] {nemo} what was the break, $75?
[10:16] {Threei}  come on guys.... was there any other break? :)
[10:16] {nemo} .07?
[10:16] {ese} L INTC .25
[10:17] {dino} wow glad hard stopped mant
[10:17] {dino} mgln l sm .75
[10:19] {Threei}  I like how RIMM is holding... if works, will try to partial
[10:19] {Threei}  with market help will be worth more than scalp
[10:19] {Threei}  half out RIMM
[10:19] {Threei}  +.18
[10:20] {Threei}  stop to .95
[10:20] {ese} L FITB .79
[10:20] {nemo} what's a day for ese w/out fitb
[10:20] {Threei}  lol... RIMM has fever?
[10:21] {Threei}  -.08 on second half
[10:21] {nemo} swine flu
[10:21] {Threei}  scalpers win
[10:21] {ese} true true
[10:21] {ese} after the news was hoping the market had botomed out a litle
[10:22] {jfjf64} hit  this drys  vad
[10:22] {Threei}  can't jf
[10:22] {Threei}  I had epiphany last night
[10:22] {ese} 1;s are butting up against'll see
[10:22] {Threei}  I don't hit people or things anymore
[10:22] {ese} q's
[10:23] {ese} we'll
[10:23] {ese} i know what a typing keyboard is.....
[10:23] {nemo} take the drumsticks out of your hand
[10:23] {Threei}  I always wanted to get me one of those
[10:23] {ese} crap thing moving against me
[10:23] {Threei}  epiphanies I mean
[10:24] {ese}  ha ha.....good one
[10:24] {Threei}  DRYS is holding interestingly well
[10:25] {Threei}  if doesn't shake out and market reverses soon enough, should be a good one
[10:26] {Threei}  and btw jf... my lawyer is totally on board with epiphany, he didn't like me hitting people and things either
[10:26] {dino} tleo
[10:27] {jfjf64} drys  on  my  mind
[10:27] {dino} gap around 12.55
[10:27] {Threei}  - Banks can raise capital through private sources or through conversion of preferred shares{X
[10:27] {nemo} drys shakeout
[10:27] {jfjf64} no  worky
[10:28] {nemo} got to type it with a Ukranian accent jf
[10:28] {jfjf64} lol
[10:29] {dino} amsc
[10:30] {Threei}  crap!
[10:31] {Threei}  typed short HIG .60
[10:31] {Threei}  frikin thing was .53 when I finished typing
[10:31] {Threei}  look at it :(
[10:31] {nemo} sure
[10:31] {nemo} how many shares you get?
[10:31] {Threei}  oh... and before anyone asks... that was unemotional "crap"
[10:32] {Threei}  I missed it typing
[10:32] {nemo} then it should have been written "crap"  not "crap!"
[10:32] {Threei}  ok... that was unemotional exlamation mark
[10:32] {nemo} that is an oxymoron
[10:32] {nemo} drys new lows
[10:33] {dino} cmtl stopped -.35
[10:33] {chinggis} Vad ctsh shortable?
[10:33] {Threei}  not here...
[10:34] {Threei}  HIG is coming into bounce zone
[10:34] {chinggis} ok ty 
[10:35] {Threei}  13 break if holding above .90
[10:35] {Threei}  watch this bounce on CTSH chinggis
[10:35] {Threei}  if gives you something around .20-.25, that's much better idea for entry
[10:35] {dino} hlit l .90, stop .77
[10:35] {Threei}  for short I mean
[10:36] {chinggis} ok ty Vad
[10:36] {dino} mgln to flat
[10:37] {dino} mygn good drop
[10:37] {dptl} stopped hig
[10:39] {Threei}  GERN lost its mind?
[10:40] {ese} intc stop is .00     lucky so far 
[10:41] {ese} that would have been nice
[10:41] {nemo} drys taking on water fast
[10:42] {dino} lol
[10:42] {ese} GERN that is
[10:42] {ese} L Fitb avg .60
[10:43] {Threei}  gotta start trying DRYS bounce
[10:43] {Threei}  .31 in
[10:43] {Threei}  stop under .20
[10:44] {nemo} scalp day vad
[10:44] {Threei}  half out
[10:44] {Threei}  stop to under .30
[10:45] {dino} mant continues down11 pts in 2 days
[10:45] {Threei}  offering .55
[10:45] {dino} going to strike at 30 
[10:46] {Threei}  to .39
[10:46] {dino} amsc sm l .15
[10:47] {dino} friggin' busy day
[10:48] {dino} hsic sm l .53
[10:49] {Threei}  out balance
[10:49] {dino} amsc gap fill, should've waited
[10:51] {dino} stopped
[10:52] {nemo} getting capitulation volumes on amsc
[10:52] {nemo} Higher lows on HIG and DRYS?
[10:53] {dino} yes feels like 25.80s
[10:53] {ese} intc stopped.......-.25    ces't la vie to 250 bucks
[10:53] {dino} will tyry one more time
[10:53] {Threei}  pretty much nemo
[10:53] {Threei}  but we need market to get firm footing
[10:53] {nemo} yeah, market's look like they're rying
[10:53] {nemo} trying
[10:54] {nemo} crying
[10:54] {nemo} lying
[10:54] {dino} or break of 26.50
[10:54] {magoo} dying
[10:54] {nemo} yeah dino w/market help
[10:55] {dino} or tartar sauce
[10:55] {nemo} vaseline
[10:55] {Threei}  ah come on Ben... go all out
[10:55] {dino} ok giiddyup
[10:56] {Threei}  let's conduct stress tests on all personal banking accoutns, checking AND saving
[10:56] {dino} mkt air pocket
[10:56] {Threei}  you'll have to hire 20 million people to conduct those
[10:56] {Threei}  job problem is solved
[10:57] {dino} well vad that is the get america working plan
[10:57] {Threei}  everyone's accountant
[10:57] {dino} :)
[10:57] {nemo} how much will that add to the deficit?
[10:59] {dino} mgln stopped flat
[10:59] {dino} axys gap around 42.60
[11:03] {dino} nemo you in amsc?
[11:04] {nemo} no, but watching it....50 was the right call, wouldn't hang around too long, market not being supportive
[11:04] {dino} hmmm how do i put this, the meek will not inherit the earth
[11:04] {nemo} .50
[11:04] {nemo} no...they get pounded into the pavement
[11:04] {dino} the speculators will
[11:05] {Threei}  president disagrees with you dino
[11:05] {Threei}  speculators is scorge of earth by him
[11:06] {Threei}  WFC
[11:06] {Threei}  wstching for 23 break
[11:06] {dino} he'll be gone in 4 years
[11:07] {Threei}  or 8
[11:07] {nemo} no, because 40% of the electorate won't be paying taxes then
[11:08] {Threei}  no likey WFC anymore
[11:08] {Threei}  BAC on the other hand
[11:08] {Threei}  consolidates nicely for .40 break
[11:08] {nemo} breakouts today...shudder
[11:09] {Threei}  it's not really breakout
[11:09] {nemo} you callin it?
[11:09] {dptl} stop?
[11:09] {Threei}  for scalp, yes
[11:09] {dptl} in
[11:10] {dptl} bac stop under .30?
[11:10] {Threei}  for hardcore scaslpers stop under .35, for just scalpers under .30
[11:10] {chinggis} in
[11:10] {Threei}  for a day trade if you feel market reversal coming, under .25
[11:10] {Threei}  they are all valid
[11:11] {Threei}  just different objectives
[11:11] {dptl} half out .45
[11:13] {chinggis} out .432
[11:13] {Threei}  I am compiling new lists
06[11:13] * magoo slaps laserdave around a bit with a large trout
[11:14] {Threei}  dp is half-hardcore scalper
[11:14] {Threei}  chinggis is hardcore scalper on steroids
[11:14] {dptl} lol
[11:14] {chinggis} :-)
[11:14] {nemo} it's a short day
[11:14] {Threei}  hmm?
[11:15] {Threei}  FAS break of .60 should push BAC
[11:16] {Threei}  1:1 for hard core ones
[11:16] {nemo} out .46
06[11:16] * Threei is adding nemo to the list
[11:16] {ese} L intc .07
[11:16] {nemo} out .46
[11:16] {Threei}  twice?
[11:16] {nemo} what list?
[11:17] {nemo} no, was scrolled back on mirc
[11:17] {Threei}  lol
[11:17] {nemo} twice is twice
[11:17] {nemo} damn drys
[11:18] {dptl} all out bac .45 ty
[11:18] {fernp} out here +.05 BAC ty
06[11:18] * Threei adds fern to the list
[11:18] {jfjf64} ditto   ty
06[11:18] * Threei adds jf to the list
[11:19] {fernp} is an honor to be on that list, lol
[11:19] {magoo} xmas list??
[11:19] {fernp} maybe
[11:21] {Threei}  I am not sure what the purpose of the list is, but socialism is count and control (V. Lenin)... and since qwe are moving into one, I am preparing
[11:22] {dino} isle
[11:22] {dino} amsc stop to .20 tiring me out
[11:22] {Threei}  FAS never broke .60 but BAC is holding not too bad
[11:22] {dino} to .24
[11:23] {dino} out slip .15 ughhhhh
[11:23] {dino} +.65
[11:24] {dino} hlit to .99
[11:25] {dino} out hlit .01+.11
[11:26] {Threei}  LVS... can you believe this?
[11:26] {magoo} MGM and LVS are certifiable
[11:26] {dino} tleo .10 sm l
[11:29] {nemo} LVS might make a nice short if this DTs or short of a DT
[11:30] {Threei}  BAC 1:1 for just scalpers
[11:30] {Threei}  anyone to the list?
[11:31] {jfjf64} ya ya
[11:31] {pita} out @ .46 :(
[11:31] {magoo} long WFC .89
[11:31] {magoo} gonna rip imo
[11:31] {magoo} RISKY as  calling vad "pretty boy"
[11:32] {Threei}  eeck
[11:32] {dino} glbc l .50
[11:34] {Threei}  BAC 1:1 for day traders
[11:34] {Threei}  whoever you are, you are satisfied
[11:34] {magoo} nice bacon vad, er, um BAC
[11:34] {Threei}  your WFC too
[11:36] {magoo} so polite:)
[11:36] {Threei}  don't worry... epiphany effect will wear soon enough
[11:36] {magoo} i know..let me enjoy brief moment lol
[11:36] {Threei}  lol
[11:37] {magoo} ok..done..slap away
[11:37] {Threei}  - Sees unemployment rising into 2010, peaking in early 2010
[11:37] {pita} nice call mags
[11:37] {magoo} WFC anyone with mags?
[11:37] {jfjf64} y
[11:37] {magoo} ok..protect profit
[11:38] {pita} couldn't get .89
[11:38] {magoo} but its got more
[11:38] {magoo} .92 was there all day
[11:38] {magoo} GET out here
[11:38] {pita} nice call BAC too
[11:38] {magoo} out .31
[11:39] {magoo} plus .79??
[11:39] {jfjf64} out  .30
[11:39] {Threei}  ty mags, good bye, see you tomorrow
[11:39] {jfjf64} ty
[11:39] {magoo} u take boss?
[11:39] {magoo} welcome and good footwork JF
[11:39] {Threei}  no... but I took this as an order:
[11:39] {Threei}  {magoo} GET outta here
[11:40] {nemo} no... {magoo} GET out here
[11:40] {magoo} good out call eh?
[11:40] {magoo} .32 top
[11:40] {nemo} you do out calls mags?  
[11:40] {jfjf64} i got nervous GET GET  ty  mags
[11:40] {dptl} lol
[11:40] {magoo} huh?
[11:41] {jfjf64} nemo   ty
[11:41] {Threei}  BAC, I gfuess that would be out second half for day traders
[11:41] {Threei}  1;2
[11:41] {Threei}  or using magooish, GET out here
[11:42] {jfjf64} y
[11:42] {magoo} direct to point right vad?
[11:42] {dino} tleo stop to .34
[11:43] {magoo} can u see me at seminar..smashing things in lesson screaming GET OUT NOWWWWWW
[11:43] {Threei}  especially considering that you have to type with toes on just one foot...
[11:43] {nemo} magoo and his peg leg
[11:43] {jfjf64} it  worked
[11:43] {magoo} jf..did it help u exit?
[11:44] {jfjf64} yes
[11:44] {magoo} :)
[11:44] {Threei}  btw, r words of theory, just so we are clear on definitions
[11:44] {Threei}  everyone's clear on why that entry was not really a breakout?
[11:44] {nemo} no
[11:45] {Threei}  breakout in it's normal form is a break of day high
[11:45] {Threei}  somewhat muted form would be
[11:45] {Threei}  a break of some range inside of daily, but the range would have to be solidly establisahed
[11:45] {nemo} missed lvs short
[11:46] {Threei}  that entry was simply a bottom fishing, break of mini-range after bottoming out and consolidation
[11:46] {nemo} so a bfbmr
[11:47] {pita} Vad, you mean on BAC?
[11:47] {dino} more like fubar
[11:47] {magoo} everyone understand when i call bacon..i mean BAC?
[11:47] {nemo} dart throw
[11:48] {nemo} so we're SNAFU dino?
[11:48] {dino} when i say rinsed, means coffee spilled on shirt
[11:48] {dino} no idea
[11:48] {Threei}  yes pita
[11:48] {dino} tleo hibernation mode
[11:49] {nemo} Situation Normal All F..... U..
[11:49] {Threei}  since we often state something like
[11:49] {Threei}  good or not day for breakouts, or time of the day for breakouts
[11:49] {dino} vad, need a favor, kick holx up
[11:49] {Threei}  I thought it was necessary to make the distinction
[11:49] {Threei}  but dino... epiphany...
[11:49] {Threei}  no kicky no fighty
[11:50] {dino} hmmmm
[11:52] {magoo} i cant help ya dino..
[11:52] {magoo} foot hurts already
[11:52] {dino} lol
[11:53] {nemo} LVS Vad
[11:54] {dino} amsc drop
[11:55] {Threei}  LVS if anything is a short on 11 breakdown
[11:55] {nemo} yeah, my thought also
[11:56] {nemo} you feel damaged Vad?
[11:56] {dptl} stop  would be like .20c lvs
[11:57] {nemo} LVS starting to look more like a bottom with market turning up
[11:59] {magoo} sh bac .80
[11:59] {dino} tleo to .40
[12:00] {magoo} stop .899
[12:00] {dino} stopped slipped .38, +.28
[12:01] {magoo} careful..not luvin it
[12:01] {nemo} in lvs short
[12:02] {pita} with you memo
[12:03] {dino} amsc
[12:06] {chinggis} s bac .85
[12:07] {magoo} i dont like it..OUT
[12:07] {magoo} [12:01] {magoo} careful..not luvin it
[12:07] {magoo} [12:01] {nemo} 
[12:08] {Threei}  sudden market spike
[12:08] {dptl} cenx? .30?
[12:08] {magoo} WFC going
[12:09] {Threei}  I wouldn't dp
[12:09] {Threei}  looks very iffy
[12:09] {dptl} ok
[12:09] {magoo} long spy here .36
[12:09] {nemo} stopped
[12:09] {Threei}  I have no clunkers :(
[12:11] {chinggis} out bac
[12:11] {magoo} sorry ching on that 1
[12:11] {chinggis} np i was wrong
[12:13] {Threei}  WFC
[12:13] {Threei}  break of .50 is tempting
[12:14] {Threei}  I wish it happened in more active time of the day
[12:15] {dptl} so? you gettin in?
[12:17] {Threei}  out rather
[12:17] {dptl} :)
[12:17] {Threei}  this is discretionary kind of things
[12:17] {Threei}  I show you the idea of the play and concerns,
[12:17] {Threei}  you decide if you like it or not
[12:19] {dino} wynn crazy
[12:23] {dino} holx stop to .21
[12:23] {magoo} lets get out SPY flat
[12:23] {magoo} not developing
[12:24] {Threei}  who knew BAC had whole 60 cents in it from that entry
[12:24] {magoo} i did i did
[12:24] {Threei}  of course you did
[12:24] {chinggis} this pullback buyable Vad?
[12:24] {jfjf64} me too
[12:24] {Threei}  on BAC?
[12:25] {chinggis} yes
[12:25] {Threei}  not here
[12:25] {chinggis} ok ty
[12:26] {dino} holx to .27
[12:36] {dino} holx to .35
[12:37] {dino} to .40
[12:38] {ese} Hi all...back from teaching a class
[12:38] {dino} to .49
[12:39] {ese} Out Fitb .75 +.15 
[12:39] {dino} to .55
[12:39] {nemo} All's right with the world.  Ese makes money on FITB
[12:40] {dino} to .59
[12:40] {ese} interpret this as Elvis wouod say it "Thank you....Thank You...Thank you very much"
[12:40] {dino} out +.59
[12:40] {dino}  all dayer
[12:42] {dino} mnkd
[12:42] {nemo} good timing on holx
[12:43] {dino} just laughing about that
[12:43] {nemo} lucky AGAIN I guess :)
[12:43] {dino} still feels like one more whoosh on amsc
[12:43] {dino} indeed on the luck
[12:44] {dino} but see i trailed the stop tight, so stop was skill
[12:44] {nemo} Absolutely
[12:44] {dino} in any case, gut says down 200 today
[12:45] {nemo} think that might be a stretch...anyway, when I call you lucky it's that, lucky, yeah right...:)
[12:45] {dino} must be all that "clean" living
[12:46] {nemo} define "clean"?
[12:47] {dino} you know, booze, women, late nights, etc
[12:48] {nemo} works for me
[12:52] {dino} glbc stop to .62
[12:54] {Threei}  DNDN, what's up again
[12:54] {dino} vsec
[12:56] {dino} thinny
[12:59] {dino} sm l amsc .04
[12:59] {dino} glbc stopped .61, +.11
[12:59] {Threei}  LVS starts looking like preparing surprise rally
[13:01] {dino} holx giving it all back
[13:02] {vinod} I wants market to go down today?
[13:03] {vinod} good afternoon
[13:03] {Threei}  so far it's holding more or less
[13:04] {dino} cldx
[13:04] {vinod} have SMN/SRS/FAS brought pre marker and doing o.k
[13:05] {jfjf64} wfc  .50  again??
[13:05] {chinggis} out LVS .+14, ty Vad
[13:05] {Threei}  no
[13:05] {Threei}  welcome chinggis
[13:06] {Threei}  it spiked into .50 jf
[13:06] {Threei}  no consolidation, like last time around
[13:06] {jfjf64} ty
[13:06] {Threei}  if you wanted this type of minibreak, .40 was it
[13:06] {Threei}  see that little consolidation?
[13:08] {Threei}  now it spends a little time between .40 and .50, new break will become valid
[13:10] {Threei}  LVS is chewing through
[13:10] {dptl} so .50 break valid now?wfc
[13:11] {nemo} in
[13:11] {dptl} in .51 wfc
[13:12] {dptl} stop .40 or can be .44?
[13:12] {Threei}  I am sure you know the answer
[13:12] {nemo} stopped lvs
[13:12] {Threei}  DNDN
[13:12] {dptl} double checking my self
[13:13] {Threei}  LVS? where were you in?
[13:14] {nemo} .51 but it was stupid after that extended run even though it chewed through...everything off today
[13:14] {Threei}  wow... .50 was at the end of the spike
[13:14] {Threei}  we just discussed why we don't enter those
[13:15] {dino} eqix
[13:16] {dptl} stopped wfc
[13:17] {dptl} -.11
[13:19] {dino} holx back to entry
[13:20] {pita} later all
[13:21] {Threei}  take care pita
[13:21] {chinggis} UAUA?
[13:22] {Threei}  right chart, wrong time
[13:22] {chinggis} ok ty
[13:24] {ese} thats a Dr John tune vad ...."Right Place, Wrong Time"
[13:24] {dino} sm wide l vsec .11
[13:25] {Threei}  I don't even know who he is ese :)
[13:26] {dino} i don't know who ese is
[13:27] {Threei}  lol
[13:28] {dptl} drys short?
[13:29] {Threei}  hmmm
[13:29] {Threei}  worth a try I think
[13:29] {dptl} to late
[13:29] {Threei}  don't chase, let it bounce
[13:30] {dino} lod's coming
[13:33] {dptl} drys left without me :(
[13:33] {ese} well.....let me tell you......It all started in a run down shack in Southern Saskatchewan.....blah blah blah blah
[13:34] {nemo} don't tell me, you were born a poor black child
[13:34] {dino} yadda yadda yadda
[13:34] {Threei}  it gave .48-.49 dp
[13:34] {Threei}  on the bounce
[13:34] {Threei}  that would be your entry on breakdown anyway
[13:34] {dptl} was waiting .49 and no luck
[13:34] {Threei}  why not take it?
[13:35] {Threei}  gosh... 12 cents... you are really stingy
[13:35] {Threei}  1 cents
[13:35] {ese} picture me in that Steve Martin Moview "the Jerk"
[13:35] {Threei}  what are you, scalping for 3 of those that 1 matters so much?
[13:35] {nemo} wfc short?
[13:35] {ese} clapping on 1 & 3 instead of 2 & 4
[13:36] {Threei}  WFC, no
[13:36] {Threei}  why would you want to sort here?
[13:37] {nemo} if it broke support
[13:38] {Threei}  it dropped almost vertically into support
[13:38] {Threei}  come on
[13:38] {Threei}  what are we going to discuss this distinction every time it occurs?
[13:38] {nemo} no
[13:38] {Threei}  there is consolidation near support an dresistance, then we are interested in a break
[13:39] {Threei}  there is a vertical move into support or resistance, then we don't go for a break
[13:41] {Threei}  DRYS is not a play on this bounce anymore
[13:42] {Threei}  that short has been played out
[13:42] {jfjf64} you good   vad
[13:42] {ese} am outta here for the day.....take care ehhhh...your basic canadian goodbye
[13:43] {Threei}  take care ese
[13:43] {jfjf64} nice day  ese
[13:44] {Threei}  this is where you may start looking for WFC short
[13:44] {Threei}  nemo
[13:45] {magoo} LVS highs
[13:45] {Threei}  LVS is insane
[13:46] {Threei}  it will go to 12 and 13 today, killing both shorts and longs in the process
[13:46] {Threei}  14 won't surprise me either
[13:46] {Threei}  ditto for 9
[13:56] {Threei}  MGM is still going, LVS is not following anymore
[13:57] {Threei}  starts looking like short if MGM reverses
[14:01] {Threei} Short Setup: LVS  .65 if stays below .75
[14:02] {dptl} in
[14:02] {nemo} in
[14:02] {magoo} in
[14:03] {fernp} in
[14:03] {Threei}  don't pile up all at once...
[14:03] {nemo} yeah wee need more selling pressure
[14:03] {Threei}  1:1
[14:03] {fernp} out
[14:03] {dptl} half out
[14:03] {fernp} Thank you
[14:04] {Threei}  welcome, and welcome to the list of pesky scalpers
[14:04] {fernp} lol
[14:04] {magoo} out .46 TY BOSSASAURAS
[14:04] {Threei}  sheesh... lol
[14:05] {Threei}  profound
[14:06] {dptl} nah..all out now ty
[14:07] {Threei}  hmmm
[14:07] {Threei}  I knew all the problems were somewhere in the area of basic definitions and reading comprehension 101
[14:08] {Threei}  look at this
[14:08] {Threei}  Just 35% of American voters believe that a free market economy is the same as a capitalist economy.
[14:08] {Threei}  The latest Rasmussen Reports national telephone survey found that 38% disagree and 27% are not sure.
[14:08] {Threei}  This helps explain earlier data showing that 77% prefer a free market economy over a government managed economy while just 53% prefer capitalism over socialism.
[14:10] {magoo} long SPY here
[14:10] {dino} nemo, you in amsc?
[14:10] {magoo} .24
[14:11] {Threei} Long Setup:  WFC  .40 if stays above .30
[14:12] {nemo} not moving with fas
[14:12] {Threei}  needs to break resistance
[14:12] {dptl} in
[14:12] {magoo} hold hold
[14:13] {dptl} jeez .42
[14:13] {nemo} missed
[14:14] {dino} panl
[14:15] {dptl} go go go
[14:15] {Threei}  so far so good, holding well... need FAS to spike to .80 now
[14:16] {dino} amsc to .51
[14:16] {Threei}  yeah, who is counting anymore
[14:16] {Threei}  we "saved" a lot of those with stimulus, right?
[14:17] {Threei}  good boy WFC... move your butt
[14:17] {dino} to .65
[14:17] {Threei}  like one-legged snail in molassess
[14:20] {dino} to .69
[14:21] {dino} out amsc .70, +.66 where was nemooooooo
[14:22] {dino} vsec hooker
[14:24] {Threei}  sudden selling hit the market
[14:24] {Threei}  doesn't look normal, some news
[14:24] {dino} shocking
[14:24] {vinod} when there’s a waterfall dead ahead
[14:24] {Threei}  or someone opened another big mouse
[14:25] {dptl} stopped -.13
[14:26] {Threei}  what the deuce
[14:26] {jfjf64} deuce are wildd
[14:26] {Threei}  I don't see any news
[14:27] {dino} stewie
[14:27] {jfjf64} good 4 bouncs
[14:28] {dino} f'ing vsec was waiting at .35 hits .24 and drops
[14:29] {Threei}  huh?
[14:29] {dino} ahhh my old friend amsc comes back down
[14:32] {Threei}  I don't think we are bounce-ready
[14:32] {Threei}  one more selloff is in cards
[14:33] {Threei}  or, speaking in stimulus language... road up is not shovel-ready
[14:34] {Threei}  ASTM
[14:34] {Threei}  gosh, it's still not delisted?
[14:36] {dino} panl sm l .15
[14:37] {dino} out vsec .75, +.64
[14:39] {larisa} see, not a hooker :)
[14:39] {Threei}  ummm
[14:39] {Threei}  what did I miss?? :)
[14:39] {dino} lol larisa
[14:40] {larisa} 14:22 post :)
[14:40] {Threei}  ahh... LOL
[14:40] {Threei}  just wanted to complain about not being involved into most interesting conversations
[14:40] {dino} had a 50 cent spread
06[14:41] * larisa slaps dino around a bit with a large trout
[14:41] {dino} classic dino play
[14:41] {Threei}  gods, give me power to shut up
[14:41] {chinggis} LVS shortable @.42?
[14:41] {Threei}  and let this one go
[14:41] {dino} :)
[14:42] {Threei}  not sure chinggis... kind of 50/50
[14:42] {Threei}  discretionary one
[14:42] {Threei}  if you are OK with coin toss and size of stop, why not
[14:42] {chinggis} ok ty Vad
[14:47] {dino} mygn pulling back
[14:55] {dino} kahn you want me to flip the ceasars coin for you?
[14:57] {Threei}  if you took the short, feel free to cover
[14:57] {chinggis} no thanks, i did not trade it
[14:57] {Threei}  LVS is full of surprises
[14:59] {dino} alrighty then
[15:00] {jfjf64} looks lk  long  way  to  drop
[15:00] {chinggis} more will come in the future :-)
[15:00] {nemo} You making a call Ace?
[15:00] {jfjf64} lol
[15:01] {dino} :)
[15:01] {jfjf64} what  do  i know
[15:01] {nemo} Fire Marshall Bill?
[15:02] {dino} vsec gappy drop
[15:04] {larisa} BRCM 
[15:04] {larisa} sorry, wrong scr
[15:07] {dino} mgln
[15:07] {dino} l .75
[15:07] {Threei}  GERN...
[15:09] {dptl} have a good evening all
[15:09] {larisa} bye dp
[15:09] {magoo} c u dp
[15:09] {Threei}  take care dp
[15:10] {dino} cya dp
[15:13] {dino} mgln stop to b/e
[15:13] {dino} mkt drop
[15:13] {dino} stopped
[15:20] {dino} cryp
[15:21] {Threei}  something's brewing again with online casinos, dino
[15:22] {dino} everybody's broke, but what the heck
[15:23] {dino} altho i think you are right, last week senate was talking about allowing it w/taxes
[15:25] {dino} so once they ban daytrades, we will go to online poker
[15:28] {Threei}  lol
[15:29] {jfjf64} lvs?
[15:31] {Threei}  feels to me like staging another upward thrust but honestly, that's pure gambling
[15:31] {Threei}  no pun intended
[15:33] {dino} hsic sm l .35
[15:35] {dino} stop is .24
[15:35] {jfjf64} wfc  consilateding .50   again    fas  hittin  .80
[15:36] {jfjf64} ??
[15:36] {dino} pega
[15:36] {dino} +7
[15:39] {dino} 3:40 approaches
[15:39] {dino} panl stop to b/e
[15:39] {Threei}  doesn't look attractive to me jf
[15:39] {Threei}  at all
[15:40] {jfjf64} for  min did     lol
[15:40] {dino} dropping
[15:40] {dino} panl to .19
[15:41] {dino} vsec back to original
[15:44] {dino} panl to .28
[15:44] {dino} out +.13
[15:44] {dino} .12 ave.
[15:46] {Threei}  I don't see any fireworks into day end
[15:46] {Threei}  15 points NQ range whole day
[15:48] {nemo} minor consolidation day.  Would think it bodes well for continuation
[15:48] {dino} hsic to b/e
[15:49] {dino} lots of capits today for me, "good times" brett michaels
[15:50] {larisa} nice :)
[15:50] {dino} ty
[15:50] {dino} nemo help me out too, on amsc
[15:52] {nemo} I'm done good nite
[15:53] {larisa} bye
[15:53] {dino} out hsic .34 -.01
[15:54] {dino} thats a day, thanks all, best one in 3 weeks
[15:56] {Threei}  wtg dino
[15:56] {Threei}  nothing outstanding here
[15:56] {jfjf64} good  night all
[15:56] {Threei}  as usual, our styles rarely meet each other
[15:56] {Threei}  me is trend... you are countertend
[15:57] {Threei}  take care jf
[15:57] {Threei}  okay guys, thank you all
[15:57] {Threei}  have a good evening
[15:57] {Threei}  see you tomorrow
[15:57] {larisa} bye all
[15:57] {dino} as you taught me 3i, a million ways to make $, just find your edge
[15:57] {chinggis}  gn all
[15:57] {Threei}  if you find mine, tell me where it is
[15:57] {dino} would have gone broke years ago w/o your common sense
[15:58] {larisa} how many ways to lose $$ ? :)
[15:58] {Threei}  I tend to forget lately
[15:58] {Threei}  lol larisa
[15:58] {Threei}  just one
[15:58] {larisa} :)
[15:58] {Threei}  trade what you think instead of what you see
[15:59] {larisa} when LVS reports, right after ?
[15:59] {Threei}  interesting FAS drop into close
[15:59] {Threei}  well, after
[15:59] {Threei}  don't know right away or later
[15:59] {larisa} ok :)
[15:59] {Threei}  let's way for it?
[15:59] {Threei}  wait
[16:00] {larisa} if it 5 min, lets
[16:00] {Threei}  okay, I'll stay here
[16:00] {larisa} ty
[16:00] {Threei}  and stare at news headlines scrollinf
[16:00] {Threei}  per your request
[16:00] {Threei}  until my eyes go red
[16:00] {Threei}  which will be your fault
[16:01] {Threei}  feeling guilty yet?
[16:01] {larisa} not really
[16:01] {Threei}  didn't think so
[16:01] {Threei}  but I had to try
[16:02] {larisa} spikinh hard
[16:02] {Threei}  REPORTS Q1 $0.01 V -$0.02E, R$1.08B V $1.06BE
[16:02] {Threei}  dropping even harder
[16:03] {larisa} ok, see you later, thanks vad :) 
[16:03] {Threei}  wow
[16:03] {Threei}  look at that dump
[16:03] {Threei}  welcome, see you tomorrow
[16:04] {larisa} all over the place
[16:05] {Threei}  no kidding

Monday, May 4, 2009

May 04 2009

Nicely profitable day. Just 3 trades, but all 3 are profitable and all are bigger than scalps. RIMM long, GLD and EXPD shorts, with two trades reaching 50 cents profit.

Session Time: Mon May 04 00:00:00 2009

[07:54] {nemo} morning
[08:03] {Threei}  Good morning
[08:04] {Threei}  ACAD
[08:04] {Threei}  07:30am [ACAD] Enters into Collaboration and License Agreement with Biovail for Pimavanserin; Gets $30M upfront payment, 15%+ royalty and earnouts
[08:04] {Threei}  07:16am [DRYS] Price Target raised to $12 from $10 at Jefferies, maintains Buy rating
[08:04] {magoo} mornig
[08:05] {Threei}  mags :)
[08:05] {magoo} hi vad
[08:05] {Threei}  how's ankle?
[08:06] {magoo} actually, i habvve another doc apptmt today at 2:45, but feels alot better..ty for asking
[08:06] {Threei}  :)
[08:07] {magoo} any news RIMM..gapping
[08:07] {Threei}  don't make much out of it though, sometimes I simply pretend I care
[08:07] {magoo} disclaimer lol?
[08:07] {Threei}  yes :)
[08:07] {Threei}  05/04/09 00:22am
[08:07] {Threei}  [RIMM] Research in Motion Ltd Added to "Conviction Buy" list at Goldman Sachs, price target $85; 6-month Target Price and FY2010-12 EPS Raised
[08:07] {Threei}  - FY10 EPS target raised from $4.01 to $4.17 ($4.60e)
[08:07] {Threei}  - FY11 EPS target raised from $4.93 to $5.10
[08:07] {Threei}  - FY12 EPS target raised from $6.02 to $6.03
[08:07] {Threei}  - Six-month price target: $85.00 v $82.00 prior (last: $72.30), determined by 18x target for PE (In contrast, cites Apple's 22x, Nokia's 16x, and QCOM's 25x target multiples)
[08:09] {magoo} ty
[08:12] {magoo} any news goog or bidu?
[08:14] {Threei}  no
[08:14] {magoo} how about apol and esi?{dino plays today}
[08:16] {Threei}  no
[08:16] {magoo} thanx 
[08:17] {Threei}  DRYS Fri high is 8.79
[08:18] {Threei}  - Reminder: Back on April 22, the WSJ discussed the impact of the Obama administration's proposals to tax offshore profits, noting that it might have a sizable impact on the likes of Pfizer, Cisco, Coca-Cola and Hewlett-Packard, which shelter tens of billions in income offshore annually.
[08:18] {Threei}  - Also noted that under current law, US companies can defer taxes indefinitely on the profits they say they have earned overseas until they "repatriate" that money back to the US. The administration has proposed changing this law, and has already baked in the new tax receipts into its budget figures for 2011.
[08:19] {Threei}  - The WSJ article examined securities filings of more than two dozen big companies to see who has the most at stake. Just 10 of the largest companies accumulated nearly $58B in such earnings during 2008, representing about $20B in potential tax revenue. Total US corporate tax receipts last year were around $304B
[08:21] {magoo} is there a set time for streess test results to be released today?
[08:21] {Threei}  today?
[08:21] {Threei}  they pushed it up to may 7
[08:22] {Threei}  and will probably talk it to death inbetween
[08:22] {Threei}  all kinds of rumors are flying around meanwhile
[08:22] {Threei}  about how many banks will need to raise capital,
[08:23] {Threei}  and banks objecting to test findings
[08:23] {Threei}  what a mess
[08:23] {magoo} oh..didnt know date changed
[08:24] {Threei}  yeah, last week announcement
[08:25] {magoo} DNDN CEO sell some stock friday as well as others in mangt
[08:26] {Threei}  why wouldn't they
[08:26] {Threei}  if I weere them, I would be already totally out of it, and waiting for it to return to earth
[08:27] {nemo} hello
[08:28] {Threei}  nemo :)_
[08:34] {nemo} any news RIMM?
[08:34] {Threei}  [08:07] {Threei} [RIMM] Research in Motion Ltd Added to "Conviction Buy" list at Goldman Sachs, price target $85; 6-month Target Price and FY2010-12 EPS Raised
[08:34] {Threei}  [08:07] {Threei} - FY10 EPS target raised from $4.01 to $4.17 ($4.60e)
[08:34] {Threei}  [08:07] {Threei} - FY11 EPS target raised from $4.93 to $5.10
[08:34] {Threei}  [08:07] {Threei} - FY12 EPS target raised from $6.02 to $6.03
[08:34] {Threei}  [08:07] {Threei} - Six-month price target: $85.00 v $82.00 prior (last: $72.30), determined by 18x target for PE (In contrast, cites Apple's 22x, Nokia's 16x, and QCOM's 25x target multiples)
[08:37] {Threei}  - Economy will be fine in 5 years, but unsure of outlook in 3 months or up to 2 years
[08:37] {Threei}  - Residential real estate improving in some key areas
[08:37] {Threei}  - Does not know outcome fo stress tests
[08:44] {Threei}  was fairly tempted to call DRYS and SQNM over weekend holds... both would have worked beautifully
[08:44] {Threei}  these stress tests keep me hesitant
[08:45] {Threei}  keep an eye on ACAD
[08:52] {Threei}  - Plan would involve the closing several manufactoring site
[08:52] {Threei}  - No new date has been set for second meeting between parties
[08:52] {Threei}  - Reminder: CEO of Fiat, OPEL and German officials have been meeting to discuss Fiat's offer/plan{EWG F.IT}
[08:53] {pita} greetings all
[08:53] {Threei}  pita :)
[08:54] {Threei}  BAC
[08:54] {Threei}  hmmm
[08:54] {Threei}  whta kind of annoucement is that
[08:55] {dptl} good morning all
[08:55] {Threei}  dp :)
[08:55] {Threei}  can mean just about anything
[08:55] {Threei}  like:
[08:55] {Threei}  but working on plans tro raise 11 B
[08:55] {Threei}  or
[08:55] {Threei}  not working on those plans, they are ready to go
[08:56] {Threei}  there you go, second lne appeared:
[08:56] {Threei}  lol
[08:56] {cosmo} maybe its just too stressfull
[08:56] {Threei}  I'd guess so
[08:56] {Threei}  sqnm
[08:57] {Threei}  DRYS near break level
[08:57] {Threei}  just hate buying breaks on this onwe
[08:57] {cosmo} CENX
[08:58] {cosmo} needs to fill January gap
[09:03] {fernp} Hello everybody
[09:04] {Threei}  fern :)
[09:04] {Threei}  GM
[09:04] {Threei}  - Number of potential buyers have surfaced and expressed interest in the Saturn brand and retailer network.
[09:04] {Threei}  - GM will be reviewing expressions of interest from the potential buyers and will look to secure an agreement with a specific buyer later this year
[09:05] {Threei}  CSIQ
[09:05] {Threei}  ANNOUNCES 5MW CONTRACT
[09:07] {Threei}  nice reaction CSIQ
[09:07] {Threei}  - Announced that it has signed a new sales agreement with Topinfrasolar, a Korean systems integrator, which will expand the relationship and supply agreement by an additional 5 MW.
[09:07] {Threei}  - The contracted deliveries may include both regular and e-Modules and stipulates deliveries for Korean installations in 2009.
[09:07] {Threei}  - Canadian Solar and Topinfrasolar have had a successful business relationship since the beginning of 2009 that has already resulted in the successful delivery to five projects of approximately 3 MW in total.
[09:10] {dino} gm all
[09:11] {Threei}  dino :)
[09:11] {dino} 5 down mondays, does it continue?
[09:16] {Threei}  no kidding, I haven't seen any single penguin with blackberry
[09:16] {ese} good morning
[09:16] {Threei}  ese :)
[09:17] {ese} morning vad...patience.....did either of you see the article about me in Boulivard Magazine here yestereday?
[09:18] {Threei}  yes ese :)
[09:19] {Threei}  thought Hey!! I know this face!
[09:19] {ese} what did you think?
[09:19] {jfjf64} mornin
[09:19] {ese} jf
[09:19] {Threei}  being a male species, I don't think anything looking at other male photos...
[09:20] {Threei}  jf :)
[09:20] {ese} ha ha ....ha ha.......
[09:20] {patience} good morning all, and no ese, i haven't seen it yet...are you in it?
[09:21] {ese} yes....article from page 26 to P.30
[09:21] {patience} i will pick one up today
[09:21] {patience} so cool ese
[09:22] {ese} whatever you do though....don't tell magoo that i dragged his character though the mud.......
[09:23] {nemo} back internet problems
[09:23] {ese} and nemo right along with......
[09:24] {nemo} what ese?
[09:24] {ese} had an article done on me in one of our major magazines here
[09:25] {ese} Boulivard Magazine........
[09:26] {nemo} in anything?
[09:26] {ese} Music.....and the program i run at my high school
[09:26] {Threei}  on watch: DRYS, SQNM, ACAD
[09:27] {ese} someone take a look at the daily chart of FITB and tell me if they see a major Bull flag forming there
[09:27] {ese} last 17 days
[09:27] {chinggis} gm all
[09:27] {Threei}  chinggis :)
[09:27] {ese} cha ching
[09:28] {Threei}  ese, chart wise rather yes, but being in financial sector it's subjected to all this hoopla with stess tests
[09:28] {nemo} Tck up almost another buck wtf quintupled since march
[09:28] {Threei}  which can intorduce a lot of surpises and volatility
[09:28] {ese} ya thats coming out thursday right
[09:35] {Threei}  RIMM, watching for long entry on sharp selling,
[09:35] {Threei}  under .40
[09:35] {Threei}  don't be in rush to enter
[09:35] {nemo} Young bull old bull
[09:36] {ese} Looking for FITB to pull back to .02 premarket high 
[09:37] {ese} L Fitb .97
[09:37] {Threei}  RIMM is not ready yet
[09:38] {Threei}  one more shrp red bar is needed
[09:39] {Threei}  ok, almost there
[09:39] {Threei}  half lot, get ready
[09:39] {Threei}  74 break
[09:40] {Threei}  stop under .85
[09:40] {magoo} in
[09:40] {dptl} in .04
[09:40] {Threei}  1:1
[09:40] {Threei}  and over
[09:40] {magoo} .99
[09:40] {nemo} missed
[09:40] {Threei}  half out or scalp
[09:41] {Threei}  stop to .95 if keeping half
[09:41] {ese} out Fitb .05 
[09:41] {dptl} all out .20 ty
[09:41] {Threei}  try to get .40 - .50 on exit
[09:41] {ese} +.08
[09:41] {Threei}  there
[09:41] {Threei}  me done
[09:42] {magoo} out .34 TY vad.NICE
[09:42] {ese} just looked at yours ...nice one boys
[09:42] {larisa} ty vad, got +.50
[09:42] {jfjf64} ty
[09:42] {Threei}  welcome guys
[09:43] {Threei}  and gals
[09:43] {wulff} how did you know it needed one more red bar?
[09:43] {jfjf64} hmm
[09:44] {magoo} all his experience hanging out in communists taverns
[09:44] {Threei}  lol
[09:44] {wulff} starting to think that
[09:44] {Threei}  most things are technical
[09:44] {Threei}  some are guts
[09:44] {Threei}  this one was guts
[09:45] {wulff} and cash cushion
[09:46] {Threei}  ACAD... grrr
[09:46] {Threei}  I never felt safe enough for entry
[09:46] {Threei}  that opening bar on it made it a bit out of my risk tolerance zone
[09:47] {Threei}  70 cents jump on $2 stock...
[09:47] {Threei}  BUCY
[09:47] {Threei}  let's see if breakout buyers get trapped
[09:48] {Threei}  and enter on sharp pullback if that happens
[09:49] {nemo} pcx , aci an mee in tht space too
[09:50] {dino} sm l mant .49
[09:51] {ese} L fitb again .00
[09:51] {wulff} 1.5 million shares
[09:51] {ese} ummmmmmm no....not this time
[09:52] {nemo} wuss
[09:52] {ese} it is up there though
[09:52] {ese} 10k
[09:52] {nemo} girlieman
[09:52] {ese}  the first one was 15k
[09:52] {ese} by .08
[09:53] {Threei}  so far so good
[09:53] {ese} out FITB .05
[09:53] {Threei}  prepare half lot BUCY
[09:53] {Threei}  idea of the trade:
[09:53] {ese} +.05 on 10k
[09:53] {Threei}  feels like stops are located under .80,
[09:54] {Threei}  if they get triggered, we should get quick downdraft into .50 - .60 zone
[09:54] {ese} that was pretty funny there nemo........I'll get ya though
[09:54] {nemo} What can I say, I'm jealous
[09:55] {ese} This make up for friday 
[09:55] {Threei}  FITB seems to be following FAS quite close today, ese
[09:55] {ese} yes
[09:56] {ese} and qqqq....taking signal from both
[09:56] {nemo} BUCY strting to form a C&H?
[09:57] {nemo} or a ladle?
[09:57] {nemo} :)
[09:57] {Threei}  I don't l;ike the idea of breakout on it
[09:57] {nemo} yeah, but all the coals are moving up
[09:57] {Threei}  if that what happens, I'll rather let it go
[10:00] {Threei}  *MAR PENDING HOMES SALES (M/M): 3.2% V 0.0%E
[10:00] {ese} other thing about FITB ...this bull flag it's forming explains it's trading habit lately.....less volume/less range....after it breaks out of it one way or the other should go back to normal for a few days 
[10:00] {Threei}  *MAR CONSTRUCTION SPENDING (M/M): 0.3% V -1.6%E
[10:00] {Threei}  - prior revised from -0.9% to -1.0%
[10:00] {ese} should be able to take advantage of that
[10:01] {ese} hmmm positive numbers should help today
[10:02] {Threei}  quite a spike
[10:02] {nemo} yep
[10:02] {Threei}  watching ENER
[10:02] {jfjf64} y
[10:02] {Threei}  want to see shallow pullback, then 20 long trigger
[10:02] {dino} apol sm l .10 stop .74
[10:03] {ese} L Fitb .04
[10:05] {ese} all out Fitb .10 
[10:05] {ese}  +.06
[10:05] {ese} cool ...just got in at .04 before it shot up
[10:05] {Threei}  nice one
[10:06] {ese} i'll take that one vad....bit lucky but i'll take it
[10:06] {Threei}  your ATM is firing up on all cilinders
[10:06] {ese} yup so far
[10:06] {nemo} whoa apol
[10:07] {dino} \apol stopped
[10:07] {Threei} Long Setup:  JNPR  .20 break if stays above .15
[10:12] {Threei}  RMBS...
[10:12] {dino} mant stop to .79
[10:12] {dino} out +.30
[10:14] {nemo} watching apol dino?
[10:15] {dptl} cat?
[10:16] {ese} L HBAN .07
[10:16] {nemo} .07 ese?
[10:18] {ese} opps .77
[10:18] {ese} this one burned me on friday......we'll see what happen this time
[10:19] {dino} y nemo
[10:19] {dino} pl
[10:20] {larisa} nice alert CAT dp, hope you took it
[10:21] {dptl} no i didn't
[10:21] {larisa} beautiful base, good eye anyway
[10:21] {dptl} ty
[10:22] {Threei} Short Setup: QLD  .50 break if stays under .55
[10:22] {nemo} chinese stocks exploded
[10:22] {dino} mgl sm l .50
[10:22] {dino} mgln
[10:24] {jfjf64} qld   invalid??
[10:25] {Threei}  yes - unless you reestablishes the range
[10:25] {Threei}  or unless you are willing to keep stop above .60
[10:25] {jfjf64} ty
[10:25] {Threei}  I don't like this entry here
[10:25] {dino} agys
[10:26] {Threei}  would rather wait for it to bounce, show inability to make new high
[10:26] {Threei}  so I could hunt for aggressive entry closer to resistance
[10:27] {dino} nafc
[10:29] {fernp} YHOO pullback, Vad?
[10:30] {Threei}  .16 long with stop under .10?
[10:30] {fernp} y
[10:30] {Threei}  if market resumes upward, sure
[10:30] {dino} mgln stop to .47
[10:31] {Threei}  especially if makes 1-2 more moves between these limits
[10:31] {dino} ugh apol
[10:31] {fernp} ty
[10:31] {Threei}  if sets up, scalp only... I wouldn't expect much from YHOO
[10:32] {fernp} ok 
[10:37] {dino} risky sm apol .60 l
[10:39] {dino} to .90 apol
[10:39] {dino} out +.30
[10:40] {Threei}  FITB gains more relative strength
[10:41] {Threei}  ahead of both FAS and NASDAQ now
[10:41] {dino} mgln to b/e
[10:41] {dino} nafc
[10:41] {ese} just noticed that.....
[10:42] {nemo} now this is important stuff:
[10:42] {magoo} laserr says cant SHORT SPY per SEC??
[10:43] {dino} use sds but 2x
[10:43] {dino} sh 1x
[10:43] {nemo} or short sso
[10:43] {dino} opps sh long
[10:43] {dino} nope disregard
[10:43] {Threei}  just no shares mags
[10:44] {nemo} :)
[10:44] {Threei}  they simplified message
[10:44] {dino} sh= short
[10:44] {magoo} got it ty
[10:44] {nemo} sso=S&P 2x long  sds=S&P 2x short
[10:44] {Threei}  used to be a few different explanations
[10:46] {nemo} no volume again.  Ma and Pa are staying out of this dance, looks like it's going to just be the pros.  Makes sense though.  Ma and Pa are probably done for a looooonngggg timeeeee
[10:46] {larisa} I hope you are wrong, it is harder to compete wih pros :) 
[10:47] {dino} don't overthink, just trade
[10:47] {nemo} It would make sense I am probably wrong...but how disillusioned do you think people are now?
[10:47] {dino} in the end nothing matters
[10:47] {nemo} I'm not Dino, just noticing the volumes...yeah in the end, we're dead
[10:48] {magoo} yup..we're all just dust in the wind
[10:48] {dino} well at the close what matters?????????????/
[10:48] {Threei}  philosophical mood is setting
[10:48] {nemo} here we go...thanks Kerry
[10:50] {chinggis} Vad CENX pullback playable?
[10:50] {dino} apol sm l .70
[10:51] {Threei}  this pullback to .50 is so shallow, I would rather go for break of ,60
[10:51] {Threei}  if loses .50 before breaking, will have to reevaluate next support
[10:52] {chinggis} ok Ty Vad
[10:52] {Threei}  keep an eye on AA chinggis
[10:52] {chinggis} ok
[10:52] {Threei}  you want to see AA strength for CENX break
[10:53] {chinggis} ok ty
[10:57] {Threei}  beautiful
[10:57] {Threei}  out?
[10:57] {chinggis} i did not play
[10:57] {chinggis} missed
[10:57] {Threei}  awww
[10:57] {Threei}  good find
[10:58] {chinggis} :(
[10:58] {Threei}  anyone went for it?
[10:59] {chinggis} ty
[11:00] {dino} yobama coming on tv
[11:00] {nemo} short anything?
[11:03] {dino} mgln stopped flat
[11:06] {dino} apol stopped flat
[11:07] {nemo} yobama effect
[11:10] {ese} for crying out loud&^%^%$ HBan
[11:11] {nemo} trap door...hope the noose was snug
[11:11] {ese} Out HBAN.......,02 =.05
[11:11] {ese} thats -}05
[11:11] {Threei}  JPM
[11:12] {ese} piece of S....&^&$# stock
[11:13] {jfjf64} jpm
[11:15] {ese} burns me friday burns me today......never want to see it again......whos rnning that bank anyway....blah blah blah
[11:15] {chinggis} Is AA gonna break hod?
[11:15] {pita} skipped today's burn, ese, still smarting from Fri.
[11:16] {Threei}  looks this way but it's very slow and narrow
[11:16] {ese} true
[11:16] {chinggis} ok ty Vad
[11:16] {Threei}  CENX is much better player in this field
[11:16] {ese} everything heading's heading dn.....bad sign
[11:17] {dino} sm risky l apol .15
[11:18] {nemo} volume has picked up significantly
[11:19] {ese} gonna pass on this one for along time pita
[11:21] {pita} yeah
[11:21] {pita} FITB more stable
[11:23] {pita} cheap stock with good volume - tempting
[11:24] {ese} yes but it's reached it's maximum trading range for the day
[11:24] {ese} up from here is a gamble
[11:25] {pita} FITB?
[11:26] {ese} tends to move about .40 a day and it's at .45
[11:26] {pita} k
[11:29] {ese} looks like it wants up pita.....but i'm good for the day with it
[11:30] {pita} know when to say when...
[11:30] {ese} would love to short HBAN right into the ground.........i'm not bitter!!!!   no sir 
[11:31] {magoo} its not butter?
[11:31] {ese} just want it to get it's just deserts
[11:31] {nemo} mags...painkillers kicking in?
[11:32] {jfjf64} lol
[11:32] {ese} maybe that would be better mags.....slide it into the ground painfully
[11:35] {Threei}  FITB just won't quit
[11:37] {ese} ya l'll say
[11:37] {ese} skys the limit past .40   three day high
[11:38] {ese} breaking out of bull flag to the upside
[11:38] {Threei}  Timmy on TV
[11:39] {Threei}  Prez now
[11:42] {ese} what are they about to tank?
[11:43] {Threei}  tax shelters closing
[11:44] {nemo} All that homeless money kicked out into the street
[11:44] {magoo} and mkts like this vad?
[11:44] {Threei} Short Setup: QLD  .30 break
[11:45] {Threei}  if moves closer to .40, agressive entry will be preferred
[11:45] {jfjf64} charlie  wont  let  me   short     
[11:46] {Threei}  if never breaks .35, then regular entry
[11:48] {Threei}  first weakness from here
[11:48] {Threei}  if stays below .50
[11:48] {Threei}  .43 in
[11:48] {Threei}  stop just above .50
[11:50] {dptl} in .42
[11:52] {Threei}  if you are very very stingy, trail stop to above .45
[11:52] {Threei}  1:1 already
[11:53] {pita} ty
[11:53] {Threei}  welcome
[11:53] {dptl} half out
[11:53] {Threei}  beautiful entry eh
[11:54] {Threei}  2- 3 cents under the high
[11:57] {ese} fitb comes the interesting part will it break by .40
[11:58] {dptl} more out .23 ty
[11:58] {ese} going against qqqq good sign
[12:01] {dptl} out last  
[12:02] {ese} you short qld dp?
[12:02] {dptl} yes all out now
[12:02] {ese} at .42.....nice one
[12:03] {dptl} +.10 +.19 and +.09
[12:03] {ese} high five**
[12:04] {dptl} high five..thnx to Vad :)
[12:05] {ese} high five to vad**
[12:05] {dptl} gonna wake him up :)
[12:08] {ese} zzzzzzz....snort.....graugel....zzzzzzzz  can hear him now
[12:08] {Threei}  lol
[12:13] {Threei}  WFC
[12:14] {nemo} must be why they
[12:14] {nemo} they
[12:14] {nemo} they're up almost 2 bucks
[12:15] {Threei}  this is fresh news, and it dropped when it hit
[12:15] {Threei}  - Note: overnight the FT reported that stress test results suggest Wells Fargo (among other banks) may need additional capital.{
[12:15] {nemo} yeah, but that they were on the list came out before
[12:17] {Threei}  as larisa would say... you worry too much {G}
[12:17] {nemo} look at Apol dino
[12:17] {Threei}  or as dino would say... you overthink it
[12:17] {dino} i don't know how, but apolk sold at 58.85, +.70
[12:18] {dino} apol
[12:18] {nemo} when did you go long?
[12:18] {dino} missed esi at 89.50
[12:18] {dino} awhile nemo, sm wide
[12:19] {dino} lucky
[12:21] {ese} just flound out that you can read boulivard magzine online....the article on me is P.26 to P29
[12:21] {ese}
[12:21] {nemo} is that how you spell it?
[12:27] {dino} lanc s .92 sm
[12:31] {nemo} cool ese.
[12:37] {ese} was nicely done i thought...
[12:37] {nemo} yes...Our local high school jazz band is a quality product's always a nice surprise
[12:41] {dino} cool es
[12:42] {ese} tks dino......i haven't had time to see it they show the photos as well....
[12:42] {dino} some
[12:42] {ese} have just read the actual magazine article
[12:42] {nemo} you and one of with the kids
[12:44] {dino} lanc stopped -.28
[13:02] {chinggis} spwra?
[13:05] {Threei}  hard to tell...
[13:05] {Threei}  nice chart
[13:05] {Threei}  but churns in place ever so slowly
[13:05] {chinggis} ok ty
[13:11] {dino}  mant lod
[13:11] {dino} sm l .05
[13:13] {dino} celg sm l .70
[13:16] {Threei}  crazy spike
[13:16] {chinggis} yeah
[13:24] {Threei} Short Setup: EXPD  38 break if stays under .10, half lot
[13:26] {Threei}  Just 18% of Americans think the United Auto Workers union and the federal government will do a good job running Chrysler and General Motors
[13:26] {Threei}  I'd say, we have 18% of sleepwalking
[13:29] {ese} outta here all see ya tomorow
[13:29] {Threei}  take care ese
[13:29] {pita} me too cu all later
[13:30] {Threei}  pita :)
[13:31] {larisa} EXPD up on no news ?
[13:31] {Threei}  yes
[13:31] {larisa} ty
[13:31] {Threei}  I'd say, dminishing concerns about swine flu
[13:31] {jfjf64} short still valid?
[13:31] {Threei}  yes
[13:32] {Threei}  it never broke .10
[13:33] {dino}  apol sm l .05
[13:36] {Threei}  FITB will nevert stop
[13:36] {Threei}  ever
[13:39] {chinggis} l cenx .83
[13:46] {dino} isle
[13:47] {dptl} in expd .99
[13:48] {chinggis} slow.. out cenx
[13:48] {nemo} inn expd
[13:52] {magoo} i have doc apptmt now..c u tommorrow
[13:52] {nemo} good luck mags
[13:52] {Threei}  take care mags, good luck
[13:53] {Threei}  don't kick doc with your broken leg
[13:53] {magoo} ty..good luk to u all trading
[13:54] {Threei}  1:1, half out
[13:54] {nemo} yep
[13:54] {Threei}  scalpers are scalpers of course
[13:55] {Threei}  I'll try to squeeze more out of it
[13:55] {dptl} 2/3 out 
[13:55] {Threei}  looks to me so done, give me a fork to put in it
[13:56] {larisa} but why so dead at the top.. wierd one. good luck though :)
[13:57] {dptl} all out ty
[13:57] {Threei}  1:2
[13:57] {nemo} me too
[13:57] {Threei}  traitors
[13:57] {Threei}  left me alone
[13:57] {nemo} scalper
[13:58] {Threei}  me be laughing last
[13:58] {nemo} RIMM VAD
[13:58] {Threei}  .80 short?
[13:59] {nemo} I was thinking that but if it stays below .90
[13:59] {Threei}  let it trade for now, watch how it slides to .80
[13:59] {Threei}  if slowly and nicely, short breakdown
[13:59] {Threei}  if drops into .80- verticsally, let it go
[14:00] {Threei}  this market bo7unce looks unconvincing to me
[14:00] {Threei}  we are going lower
[14:00] {dino} cmtl sm l .25
[14:06] {Threei}  ECPD 1:3
[14:06] {Threei}  lower going we are
[14:07] {nemo} ok back in
[14:07] {Threei}  hmm?
[14:07] {larisa} nemo wants 37 on it :)
[14:08] {nemo} sorry about the caps
[14:08] {Threei}  that's questionable decision from risk management point of view
[14:08] {Threei}  conviction alone is cheap
[14:08] {nemo} yeah, it's looking worse
[14:08] {Threei}  the game is about risk exchange
[14:09] {Threei}  with entry 30 cents higher my risk is zilch
[14:09] {Threei}  entry here is way riskier
[14:09] {nemo} and I took my eye off rimm
[14:11] {Threei}  1:4 baby
[14:12] {Threei}  covered 1/4 more .61, +.38
[14:13] {Threei}  me happy
[14:14] {Threei}  not jump-up-and-down-happy, but this masculine tempered smile happy
[14:14] {dino} anybody know when stamps go up in usa?
[14:14] {Threei}  nice drop RIMM
[14:15] {larisa} may 11 dino
[14:15] {dino} to what?
[14:15] {larisa} 44 from 42 I think
[14:15] {dino} ty
[14:15] {larisa} yw
[14:18] {larisa} something wrong with HIG, keeps rising :)
[14:19] {Threei}  yeah... looked at it a few times, couldn't bring myself to call it
[14:21] {larisa} I'm trying to stay away from it too 
[14:21] {larisa} :)
[14:35] {wulff} just came back. what on earth happened with the Finnies?
[14:35] {nemo} they  all need financing 
[14:35] {larisa} lol
[14:36] {nemo} the pres says they're healthy enough to get it from the market, so the dilution should raise the stock price...go figure
[14:36] {Threei}  my guess is,things happen accordingly to original markety intent briefly interrupted by swine flu
[14:37] {Threei}  that intend was to go up into stress test results,
[14:37] {Threei}  then react to announcement
[14:37] {Threei}  most likely by harsh drop if results are positive
[14:37] {nemo} so, is expd setting up for short or long?
[14:38] {nemo} answers that
[14:38] {dino}  cmtl stopped -.33
[14:39] {Threei}  my dear beauty, EXPD
[14:41] {larisa} lethargic beauty 
[14:42] {jfjf64} we take it any way we cd get it    correct vad
[14:43] {Threei}  ummm
[14:43] {Threei}  I feel this is too loaded
[14:43] {Threei}  I'll stay silent :)
[14:44] {Threei}  even though magoo is not here, nemo is not much better... I already see his preparing 15 jokes about sleeping beauties
[14:44] {nemo} no...not one
[14:45] {Threei}  says nemo quickly ripping the sheets and throwing pieces out
[14:47] {wulff} you find any good trades since noon? 
[14:47] {Threei}  [13:24] {Alert} Threei Short Setup: EXPD 38 break if stays under .10, half lot
[14:48] {Threei}  13:24 is after noon
[14:48] {Threei}  I think
[14:48] {dino} celg stop to .95
[14:48] {nemo} depends on time zone
[14:50] {Threei}  WFC... jeez
[14:51] {jfjf64} is  that  good jeez   or bad  jeez
[14:51] {Threei}  just jeez
[14:51] {Threei}  completely unemotional jeez
[14:51] {jfjf64} lol
[14:51] {Threei}  :)
[14:51] {jfjf64} pullback  coming??
[14:52] {Threei}  EXPD doesn't make new lows with NQ drop
[14:52] {Threei}  out
[14:52] {Threei}  +.50
[14:52] {Threei}  enough is enough
[14:52] {larisa} gj
[14:53] {Threei}  ty
[14:53] {jfjf64} nice wk
[14:54] {Threei}  WFC
[14:54] {Threei}  that's it... now it goes to 30
[14:56] {Threei}  lol... see?
[14:57] {dino} celg stopped .99, +.29
[14:58] {nemo} early on expd
[14:58] {wulff} LVS pullback
[14:59] {Threei}  nah, I am OK with it... look at that moment in the market - volume flattened, stopped giving infications
[14:59] {Threei}  market could start recovery at that point just as easily
[15:00] {Threei}  I am scalper... I got 50 cents trade... do I risk it in uncertain situiation?
[15:01] {Threei}  think of trading as buying and selling risk
[15:01] {nemo} understood, just busting stones, probability of reversal much higher
[15:01] {Threei}  the guy who bought EXPD at 38 from me bought whole lot of risk
[15:01] {Threei}  and I was happy to sell it to him
[15:01] {nemo} had to do something...couldn't think up any sleeping beauty jokes
[15:01] {jfjf64} lol
[15:02] {Threei}  lol
[15:02] {Threei}  all I know are rhyming in russdian only
[15:02] {Threei}  so not much of help to you
[15:09] {dino} ddrx
[15:12] {dptl} db expd?
[15:13] {Threei}  nah
[15:13] {Threei}  leave it be
[15:14] {dptl} ye looks like going lower
[15:18] {dino} cmtl drop
[15:20] {Threei}  FAZ under 7... sheesh
[15:20] {Threei}  before you ask jf... this is unemotional sheesh
[15:20] {jfjf64} lol
[15:20] {dptl} lol
[15:21] {Threei}  there must be bounce here somewhere
[15:21] {nemo} maybe not Nas been running a 7 point zone since 10:30
[15:22] {nemo} same for S&P
[15:22] {nemo} OW 50 points
[15:22] {nemo} DOW
[15:23] {cosmo} XTXI holding 3.40  so far
[15:25] {nemo} sheesh...don't ask jf
[15:30] {dino} sm l cmtl .49
[15:35] {dino} stop to .79
[15:36] {dino} to .89
[15:36] {dino} out .89.+.40
[15:36] {nemo} nice dino
[15:38] {dino} ty
[15:38] {dino} slow day for me, not much on the capit side
[15:38] {Threei}  slow is right
[15:38] {Threei}  but profitable
[15:38] {dino} light tho
[15:39] {dino} average is down last 5 weeks or so
[15:39] {nemo} Volatility is down plus we're headed into the summer
[15:40] {Threei}  - Fed will have to tighten policy at some point, cannot predict when that will be.
[15:40] {Threei}  - Loses on legacy assets should not get in the way of lending, bank lending should rise as economy recovers.
[15:40] {nemo} that your opinion or are you quoting
[15:41] {Threei}  lol
[15:45] {dptl} have a good evening all
[15:46] {larisa} bye dp
[15:46] {Threei}  take care dp
[15:46] {dino} cya
[15:51] {Threei}  ok... FAZ will reach zero first
[15:52] {Threei}  wow
[15:52] {nemo} well, that's not a "sheesh."
[15:52] {Threei}  but it's a very unemotional wow
[15:52] {Threei}  you can call it sleepy wow
[15:52] {wulff} I'm a buyer at .50
[15:53] {dino} mant stopped .90, -.15
[15:53] {Threei}  6.50?
[15:53] {Threei}  0r 5.50?
[15:53] {wulff} no .50
[15:53] {Threei}  oh, just .50
[15:53] {Threei}  lol
[15:53] {wulff} no need for put protection there
[15:55] {nemo} finnies won't stop...tck won't stop
[15:56] {Threei}  AIG
[15:56] {Threei}  - Note: AIG scheduled to report after the close on May 7, 2009{
[15:59] {larisa} later good people :)
[15:59] {Threei}  take care larisa :)
[15:59] {Threei}  (I assumed she meant us)
[15:59] {Threei}  okay guys, thank you all
[15:59] {Threei}  have a good evening
[16:00] {Threei}  see you tomorrow
[16:00] {dino} out apol .38, +.33
[16:00] {Threei}  dino, stop making moneyu
[16:00] {Threei}  the day is over
[16:01] {dino} well, had to clean it out 
[16:03] {dino} gn all, baseball w/son

Sunday, May 3, 2009

That was one boring and narrow day, ending boring and laborous week.

Session Time: Fri May 01 00:00:00 2009

[08:00] {Threei} DRYS
[08:00] {Threei} - Total 2009-2011 Rev from long-term time charters $1.1B
[08:00] {Threei} - Investment Thesis includes: Oil prices will rebound; Resilient growth trend in China & India; Dry bulk commodity demand set to grow once recession abates; EPS Impact of drillship opportunities; Shipping stocks oversold; Leading consolidator distressed opportunities; Strong Management with long track record in Shipping, Ultra Deep Water Drilling & Capital markets
[08:00] {Threei} - 2009 Fixed EBITDA Estimates $572M
[08:00] {Threei} - 2010 Fixed EBITDA Estimates $597M
[08:00] {Threei} - 2011 Fixed EBITDA Estimates $568M
[08:02] {magoo} morning
[08:02] {Threei} magoo :)
[08:04] {nemo} magus :)
[08:05] {dptl} good morning all
[08:05] {Threei} dp :)
[08:05] {nemo} that gap in DRYS could be fun today
[08:11] {magoo} MA down on decent report
[08:13] {magoo} well.beat analysts
[08:13] {magoo} niot great after reading
[08:13] {Threei} wow
[08:13] {Threei} you actrually read those?
[08:14] {magoo} u impressed
[08:14] {Threei} anyone sees anything on PALM?
[08:14] {Threei} I am mags... very
[08:14] {nemo} also, with so many credit card holders high debt levels and credit card banks cutting back credit, there may be a limited transaction upside. More debit cards, less credit cards
[08:14] {nemo} New Palm unit coming out
[08:17] {Threei} - Article noted that the mortgage provision garnered only 45 votes in the Senate, falling well short of the 60 votes necessary to break a threatened filibuster to a measure sponsored by Senator Richard Durbin, Democrat of Illinois, that would give bankruptcy judges greater flexibility to modify mortgages.
[08:18] {Threei} - Article noted that in recent weeks, major banks and bank trade associations worked closely with Senate Republicans to stop the measure. Twelve Democrats joined all the Republicans in voting against it.
[08:18] {Threei} interesting dissent
[08:18] {nemo} It
[08:18] {nemo} It's a huge threat to sanctity of contract
[08:28] {vinod} good mornng to all
[08:28] {Threei} vinod :)
[08:29] {nemo} :)
[08:29] {nemo} we under martial law yet vinod?
[08:29] {vinod} you like the article?
[08:30] {nemo} Yeah...I have martial law discussions fairly regularly in my weekend job in regards to the 2nd Ammendment
[08:30] {vinod} got to go see you after 10.30 meeting
[08:31] {nemo} ?
[08:56] {ese} good morning......i think
[08:57] {nemo} don't think ese :)
[08:57] {Threei} ese :)
[08:57] {ese} lousy nights sleep
[08:59] {ese} up
[09:04] {Threei} quiet opening
[09:04] {Threei} so far at least
[09:07] {ese} seems like it
[09:08] {cosmo} give it another 20 min. sheesh
[09:09] {cosmo} HGSI
[09:10] {Threei} SQNM worth keeping eye on
[09:11] {Threei} 3.94 yesterday's high
[09:11] {fernp} hello everybody
[09:11] {Threei} fern :)
[09:11] {nemo} :)
[09:13] {dino} gm all
[09:13] {Threei} dino :)
[09:13] {nemo} dino :)
[09:15] {ese} dino
[09:15] {dino} not much so far, but will watch pnra for gap fill 55.40s, mgln-4 yesterdays, as well as mant -6.50 and itri -5.50
[09:18] {jfjf64} good mornin all
[09:18] {Threei} jf :)
[09:18] {larisa} good morning :)
[09:18] {Threei} larisa :)
[09:21] {Threei} F yest high is 5.99,
[09:21] {Threei} gapped over that, now pulled back right into it
[09:22] {Threei} with market strength, 6 break is interesting, just want it to stay under it for a few
[09:24] {cosmo} SQNM 3.87 high so far
[09:27] {dptl} you in f?
[09:27] {Threei} no
[09:28] {dptl} i got .02
[09:31] {Threei} Long Setup: DRYS .20 if holding above .10
[09:31] {nemo} day has a weird feel to it
[09:34] {nemo} drys respectiong that trend line so far
[09:35] {jfjf64} drys valid
[09:35] {Threei} FAZ
[09:36] {magoo} l GE .55
[09:37] {Threei} Long Setup: FAZ .50 break if holding .40
[09:37] {nemo} my quotes are screwed up
[09:38] {nemo} they're reversed in the LII
[09:38] {pita} gm all
[09:38] {Threei} pita :)
[09:39] {chinggis} gm all
[09:39] {Threei} chinggis :)
[09:39] {pita} miss anything? watching?
[09:39] {nemo} Khan :)
[09:40] {dino} esi blood
[09:41] {dino} mgln at uyesterdays lod
[09:42] {Threei} let's modify DRYS
[09:42] {Threei} .10 break
[09:42] {Threei} if holding 8
[09:43] {dptl} IN
[09:43] {nemo} missed
[09:43] {nemo} in
[09:43] {jfjf64} wher stop drys
[09:44] {Threei} [09:42] {Threei} if holding 8
[09:44] {nemo} you make me feel better jf
[09:48] {ese} vad do you have a screen that can catch stocks like BMRN a litle sooner
[09:49] {dino} sm l mgln .25
[09:50] {Threei} 9:40 is first alert on it
[09:50] {Threei} $13.35
[09:50] {ese} yes
[09:51] {ese} no real screen i guess.....just have to monitor it
[09:51] {Threei} before that I'd guess only pre-market would catch a gap
[09:51] {ese} tks
[09:52] {nemo} market catching a bid but not drys
[09:52] {wulff} financial pops
[09:52] {wulff} they're delicioius
[09:53] {Threei} no go DRYS
[09:53] {nemo} that hurt
[09:53] {dptl} ah..stopped -.14
[09:53] {nemo} -16
[09:54] {Threei} SQNM
[09:54] {dino} mgln stop to .55
[09:54] {ese} bmrn bull trap ...but should bounce
[09:55] {wulff} RIMM break for risk takers
[09:55] {dino} to .75
[09:55] {Threei} what the deuce
[09:56] {Threei} no news SQNM
[09:56] {ese} l bmrn .00
[09:56] {dino} v sm v wide esi l .25
[09:57] {dino} stewie
[09:57] {Threei} what was that?
[09:57] {Threei} got 3.95 fill
[09:57] {Threei} out 4.15
[09:57] {dino} mgln to .80
[09:58] {Threei} that long red tail was shake from hell
[09:58] {ese} stop .86 bmrn
[09:58] {dino} to .85
[09:59] {dino} out mgln .89, +.64
[10:00] {Threei} MAR FACTORY ORDERS: -0.9% V -0.6%E
[10:00] {Threei} APR ISM MANUFACTURING: 40.1 V 38.4E; PRICES PAID: 32 V 34.0E
[10:01] {ese} rats bmrn stopped .86 -.14
[10:02] {pita} DRYS again?
[10:03] {Threei} don't know
[10:03] {Threei} CAT
[10:03] {Threei} watching for pullback to .30
[10:04] {dino} cedc
[10:05] {nemo} there goes drys
[10:07] {dino} life sm l .00
[10:07] {ese} L hban .88
[10:09] {dino} mcd has been way underperforming
[10:09] {dino} mant
[10:10] {pita} stop HBAN ese?
[10:10] {dino} scor blood
[10:10] {ese} stop hban .80
[10:11] {Threei} Long Setup: CAT .30 break
[10:11] {Threei} if stays above .20
[10:12] {dptl} valid still ?
[10:13] {dino} life stop to b/e
[10:13] {dino} bgc
[10:13] {dino} tree
[10:13] {dino} bgfv
[10:13] {dptl} in cat
[10:14] {nemo} was it still valid?
[10:15] {dawg} .
Session Close: Fri May 01 10:15:53 2009

Session Start: Fri May 01 10:15:53 2009
Session Ident: #discussions
02[10:15] * Disconnected
02[10:17] * Attempting to rejoin channel #discussions
03[10:17] * Rejoined channel #discussions
[10:17] {ese} OK....I had it......I'm done for the day cannot judge the market today
06[10:18] * magoo slaps ese around a bit with a large trout
[10:18] {magoo} snap[ out of it man..WE NEED U
[10:18] {Threei} something's wrong with my connection
[10:18] {ese} tks......lousy nights sleep = poor judgement
[10:20] {dino} cya es
[10:20] {dino} get some zzzzzzzzzz
[10:20] {ese} oh...i'm just gonna watch...and listen...keep my mouth shut
[10:20] {pita} CAT inverted C&H
[10:21] {nemo} yep
[10:21] {Threei} quotes OK?
[10:21] {nemo} look so for me was having problems earlier
[10:21] {dino} sm risky s bgc .15
[10:21] {fernp} here, yes
[10:21] {Threei} my connection then
[10:22] {dptl} s....t stopped cat
[10:22] {dino} life stopped -.01
[10:22] {Threei} didn't it go to 1:1?
[10:22] {dptl} no
[10:22] {Threei} what the
[10:22] {Threei} I see it .40
[10:23] {ese} my quotes are now down also
[10:23] {Threei} at 10:15
[10:23] {nemo} It invalidated I thought
[10:23] {dptl} on chart yes but on level 2 no
[10:24] {fernp} 36.40 at 10:13
[10:24] {nemo} I saw prints of .17 and .18
[10:25] {pita} ditto nemo
[10:25] {nemo} yeah, so I thought it invalidated
[10:25] {nemo} pita, you take the short?
[10:26] {pita} no guts
[10:26] {magoo} long SPY .80p
[10:26] {magoo} 80
[10:26] {nemo} it was right there yelling at us
[10:26] {pita} yeah
[10:26] {nemo} Well, I was with you on that
[10:27] {pita} went with ese on HBAN - haven't recovered impetus
[10:28] {nemo} I understand...not getting off well, makes it harder
[10:28] {dino} bgc stopped -.32
[10:28] {ese} definately nemo
[10:29] {ese} but stuck to plan....stayed those stops....thats just the game
[10:30] {nemo} Yeah, I have to go get more vaseline though
[10:30] {pita} no argument there
[10:30] {ese} thats vads's made me alot of money to this point....gonna have dn days
[10:31] {magoo} vad who??
[10:31] {chinggis} FAZ?
[10:32] {ese} wouldn't mind dino's gut feeling for bounces though.......on any other day BMRN probably would have
[10:32] {Threei} can't tell chinggis, they make sudeen moves with no pattern
[10:32] {nemo} no man's land on FAZ right now
[10:32] {jfjf64} ms
[10:33] {Threei} look at that drop on FAZ around 9:50
[10:33] {Threei} what was that about?
[10:33] {dino} lol es
[10:33] {dino} bgc taunting me to try again
[10:33] {chinggis} ok ty
[10:33] {dino} mant holds lows well
[10:34] {magoo} jf..jpm too
[10:34] {nemo} C&H on BGC
[10:35] {dino} to where nemo, i don't use cups, drink from bottle
[10:35] {nemo} hahahaha...ow...laughing hurts with a hangover
[10:35] {dino} tree hod
[10:35] {magoo} nemo..u hung over?
[10:36] {nemo} faz Khan
[10:36] {dino} seriously nemo, to where?
[10:36] {chinggis} yeah I c
[10:37] {nemo} approx 34
[10:37] {dino} ok, was feeling 34.50ish
[10:37] {Threei} Long Setup: GE .65 break
[10:37] {magoo} anyone in SPY with me?
[10:37] {Threei} if stays above .60
[10:37] {magoo} .23 cents here
[10:37] {dino} i don't use the patterns
[10:38] {pita} in ge
[10:38] {fernp} in
[10:39] {chinggis} in
[10:39] {dino} life sm l .70 stop lod
[10:40] {dino} m,ant sm l .25
[10:41] {Threei} DRYS
[10:42] {ese} hey hey dino....what your analysis on GPRO
[10:42] {dino} that was mant not m,ant
[10:43] {dino} my my
[10:44] {dino} i like it es
[10:45] {dino} break of .50 l imo
[10:46] {dino} or pullback at .25
[10:46] {dino} sm l .50
[10:47] {dino} stop .18
[10:47] {Threei} - Earlier reports suggested that Stress test results would be later next week{XLF BAC C WFC JPM}
[10:47] {ese} i may give this another try this morning....i like the break of .50 also
[10:47] {Threei} what an unbelieavable bs
[10:48] {Threei} they got themselves into such a mess with these stress tests
[10:48] {dino} never should have had them
[10:48] {Threei} of course not
[10:48] {Threei} they are not objective,
[10:48] {Threei} qwhen you get the results, results are arguable
[10:48] {Threei} and what do you do with those results?
[10:49] {Threei} they are open to interpretations
[10:49] {dino} another waste of $
[10:49] {Threei} they add to panic or to elation,
[10:49] {Threei} either can be unfounded in reality
[10:49] {dino} you see no hope of getting the $b from chy=rysler back
[10:49] {Threei} why would you want to add another uncertainty to all those we already have
[10:49] {dino} $4b
[10:49] {dino} i said let them go in late fall
[10:49] {Threei} well, chrysler deal becomes very clear
[10:50] {Threei} taxpayers funded union takeover
[10:50] {dino} bingo
[10:50] {magoo} out SPY .09..+.29 ty vad
[10:51] {magoo} ill look to reload it
[10:51] {dino} gpro stuck, tighten to .23
[10:51] {Threei} me?
[10:51] {Threei} okay... you are welcome
[10:51] {ese} gpro numbers not too bad.hmmmmmm go figure
[10:51] {ese} almost dn 6pts
[10:51] {dino} tree es?
[10:52] {dino} thought the same on gpro
[10:52] {ese} ok
[10:52] {Threei} - CNBC reports release will be in the "late afternoon" on Thursday.
[10:52] {jfjf64} bravo
[10:52] {ese} tree probably had lousy numbers
[10:52] {nemo} goin' out for a while, c l8tr
[10:52] {Threei} okay, so now we are goling to gues which bank comes out smelling like roses and which like.... ummm
[10:52] {nemo} c u l8tr
[10:52] {dino} beat
[10:52] {Threei} wait
[10:53] {Threei} sell your GE first
[10:53] {dino} tree beat that is
[10:53] {ese} L Gpro .55
[10:54] {ese} sorry thats .58......need glasses
[10:55] {dino} sleep
[10:58] {dptl} cat?
[10:58] {magoo} out ESI .70 +1.70 TY vad
[10:59] {Threei} lol
[10:59] {Threei} go away mags
[10:59] {dino} what!!!!!!!!!!!!!!!!
[10:59] {magoo} oh shit, i think it was dinos
[10:59] {dino} you're buying first round for that magoo
[10:59] {dino} just made you 500
[10:59] {magoo} 500???
[11:00] {magoo} i hads 500 shares
[11:00] {dino} then credit where its due
[11:02] {dawg} .
[11:03] {dino} mant stuck, stop is .99
[11:03] {dino} bgc ranging nemo .35-.80
[11:04] {Threei} PALM 52 week highs
[11:05] {dino} darn schw wanted 17.60s for gap fill
[11:06] {dino} gpro es
[11:07] {dino} stop to .80
[11:07] {dino} out +.30
[11:07] {dino} ty es
[11:09] {Threei} anyone gets this feeling that today is going to resolve in quite sizeable move?
[11:09] {ese} whoaaa i'm asleep just noticed it
[11:09] {ese} was looking at something else
[11:09] {dino} put the porno away
[11:10] {ese} out GPRO
[11:10] {ese} .70
[11:10] {dino} and vad, my feel up 100 then close red. next week down 6%
[11:10] {ese} better than a kick in the pants....holly crap i'm out of it today
[11:12] {dino} who is this holly crap you speak of?
[11:12] {dino} you guys are humorless today
[11:13] {Threei} today?
[11:13] {nemo} back...ah shit...bgc took off without me
[11:13] {nemo}'s been twaddling
[11:15] {jfjf64} uso
[11:15] {dino} life stop to .99
[11:15] {ese} no that was a good one dino.....just too tired to realise the difference
[11:15] {dino} tree nonstop
[11:15] {dino} have to get magoo to take it long so i can short
[11:16] {Threei} alternatively, I can call it long for you
[11:18] {nemo} crissakes tck just goes up everyday
[11:18] {dino} life to .10
[11:19] {dino} out life +.40
[11:20] {Threei} PALM 11
[11:20] {dino} itri sm l .98
[11:20] {nemo} bad day, huh dino, bought life .10 off the bottom
[11:20] {dino} ]huh, was in .70 out .10, +.40; first round -.01
[11:21] {nemo} oh, not as bad, only .05 off the bottom of that run, my frickin' lucky :)
[11:22] {dawg} .
[11:23] {dino} gpro retest lod perhaps
[11:24] {dino} slgn pop
[11:28] {nemo} you awake Vad?
[11:29] {jfjf64} wake up
[11:29] {Threei} yes but I question the purpose
[11:30] {nemo} jf, gotta' use capitals
[11:30] {nemo} AOC nose ived now is hanging @ .50-.00
[11:30] {nemo} ived=dived
[11:30] {Threei} either this week was not my type of market or I was out of it... not really delighted with performance
[11:32] {magoo} yea..u suk {as i run again for fear of trout fest}
06[11:32] * nemo slaps magoo around a bit with a large 12 lb. sledge
[11:32] {dino} gpro pretty good fall
[11:32] {Threei} that's OK... I learned it long ago - you are only as good as your last call
[11:33] {nemo} what was...oh
[11:33] {magoo} jesus..what i gotta do for a fish???
[11:33] {Threei} forget all the months or years of great stats
[11:33] {magoo} u know i think your best..just cant get a fish from ya
[11:33] {nemo} AOC breaks .50 there's some air under there
[11:33] {Threei} this last stop - that's when magoo comes in swinging {G}
[11:33] {jfjf64} im still in ge
[11:33] {jfjf64} lol
[11:33] {Threei} there is a reason for that mags...
[11:34] {Threei} I am trying to make you miserable
06[11:34] * magoo slaps laserdave around a bit with a large trout
06[11:34] * magoo slaps laserdave around a bit with a large trout
06[11:34] * magoo slaps laserdave around a bit with a large trout
[11:34] {magoo} ITS WORKING
[11:34] {nemo} big volume spike on GPRO a few minutes ago, could be bottoming Dave
[11:34] {nemo} Dino
[11:34] {laserdave} why does magoo always get me before you vad?
[11:35] {laserdave} you is getttings slowwwww
[11:35] {Threei} 'cause right now he is awake and I am not
[11:35] {nemo} Vad never tries to whack you
[11:35] {chinggis} GFIG?
[11:35] {laserdave} he alwasy used to
[11:35] {Threei} but I wouldn't go as far as to say "always"
[11:35] {laserdave} not as much anymore :(
[11:35] {magoo} vad hands out slaps like admin is surcharging him
[11:35] {Threei} I used to trout you withn seconds afdter your entrance
[11:35] {nemo} there goes AOC
[11:36] {chinggis} any read on GFIG Vad?
[11:36] {nemo} yeah, but they'll all get 10 years pay as severance
[11:37] {dino} gpro, dk, needs another $ imo
[11:37] {Threei} I wouldn't feel safe trying long on it unless it drops under 5, chinggis
[11:37] {dino} hmmm or not it seems
[11:38] {chinggis} ok ty Vad
[11:40] {dino} nemo, you're getting good at bottoms on capits, gpro i was wrong
[11:40] {nemo} frickin tck, it ain't never gonna' pull back
[11:41] {dino} itri you had yesterday too
[11:41] {nemo} yeah, called the bottom on that, nads too small though
[11:41] {dino} wow mant moves slower than pro chess match
[11:42] {dino} size down and hit them w/wider stop
[11:42] {nemo} Now, If I coul get rid of that Wile E. feeling looking down when I find them :) Reminds me of skiing double diamonds where you look down at the slope between your skis. I was nuts
[11:43] {nemo} I know...nothing's changed
[11:43] {nemo} Just hurts more when I fall now
[11:43] {dino} can't live w/o pain nemo
[11:46] {magoo} who were u partying with last nite nemo?hungover?
[11:46] {pita} nemo - just don
[11:47] {magoo} dino doesnt know pain..try walking without crutches on a completed snapped seperated tib bone for 8 days :)
[11:47] {pita} sorry, just don't fall
[11:47] {pita} that's pain magoo, no question
[11:48] {nemo} Don't ski much any more. Forgot to eat dinner, had my usual dose of liquid medication last night. Not good if I forget to eat
[11:49] {nemo} dino dcc
[11:51] {magoo} sh SPY losss of .50
[11:51] {Threei} - Reminder: On 04/30 07:12 GM: Ad Hoc Committee of General Motors Bondholders Proposes Plan to Save GM - Proposal involves allocating new GM equity equally across the board to union VEBA and GM bondholders, pro rata to the level of financial obligation owed to each by GM. {F F.IT}
[11:52] {dino} nemo, i've lost the dcc
[11:52] {nemo} sent again
[11:52] {dino} on internet site, lost the icons w/updates
[11:53] {nemo} I use mirc
[11:54] {magoo} out spy - .07
[11:54] {magoo} duped me
[11:55] {magoo} SHIT
[11:55] {nemo} Store High In Transit
[11:55] {Threei} janitor phoned
[11:55] {Threei} he is getting irritated
[11:56] {dino} ok saw it, but again, way too tech for me, simple is better
[11:57] {Threei} you know how cockroach managed to survive millions years?
[11:57] {nemo} understood
[11:57] {nemo} I don't know any personally
[11:57] {jfjf64} ms is a monster
[11:57] {nemo} By the way Vad, I saw GPRO do your bollinger band thing
[11:58] {nemo} Then I'm familiar with the candlestick stuff-Yin Yang stuff
[11:58] {dino} itri stop toflat
[11:58] {nemo} What was the comic strip with Opus P. Penguin?
[11:59] {nemo} Bloom county
[11:59] {nemo} Anyway...Opus P. is talking to a cockroach one day
[11:59] {nemo} And the cockroach is telling them how they've been around for millions of years
[11:59] {nemo} How they can survive extremes of hot and cold
[12:00] {nemo} How they can survive desert and monsoon
[12:00] {nemo} How they can survive radiation
[12:00] {nemo} Opus P. looks at him
[12:00] {nemo} and stomps him into oblivion
[12:00] {Threei} F
[12:00] {Threei} REPORTS APRIL VEHICLE SALES -31.4% V -30%E,
[12:01] {Threei} frikin PALM just climbs
[12:02] {vinod} nemo-Flu fear shuts Harvard
[12:03] {nemo} student got it
[12:03] {nemo} no shaking hands at graduation
[12:03] {Threei} DRYS...
[12:04] {Threei} does this thing prepare .50 break and run?
[12:04] {vinod} three of its major schools on the Longwood medical campus
[12:04] {dino} anen
[12:04] {pita} Vad, you're the answer man, not the question man.
[12:05] {Threei} not this week pita, lol
[12:05] {larisa} CAT better break this time
[12:05] {dptl} so .50 long?
[12:06] {nemo} lunchtime breakouts on a dead day
[12:06] {Threei} yeah... questionable proposition
[12:07] {Threei} look at CAT break attempt
[12:07] {larisa} real fight at .95 just can not do it
[12:07] {nemo} cat had volume spike on last red, could be a top
[12:08] {nemo} that last green volum spike couldn't maintain any momentum
[12:09] {nemo} that overnight gap in DRYS worries me also
[12:09] {larisa} you worry too much :)
[12:09] {Threei} NIssan REPORTS US APRIL SALES -38% TO 47,200K UNITS
[12:10] {nemo} use another word then...draws my attention?
[12:10] {larisa} :)
[12:10] {nemo} rates low on my bullish scale
[12:10] {nemo} sticks in my craw
[12:11] {dino} lol larisa
[12:11] {ese} ya think gpro...might be worth another shot
[12:12] {ese} L at .50 or .00
[12:12] {nemo} well, who took DRYS
[12:14] {Threei} if you firmly decide to get on one of these steady climbers, you'd do better with PALM
[12:14] {dino} yes es
[12:14] {dino} report is not bad at all, more like strike messing w/it
[12:16] {jfjf64} cat breaks 37
[12:16] {nemo} wow lunchtime breakouts
[12:16] {nemo} figures
[12:16] {nemo} gpro moving
[12:16] {larisa} best play on CAT was off .80, not breakout. struggling too much
[12:17] {Threei} right
[12:17] {dptl} best one was off .30 :)
[12:18] {nemo} dork
[12:18] {nemo} just got a call from the janitor
[12:20] {larisa} dp became swing ? :)
[12:20] {larisa} .30 is another story
[12:21] {dino} man wall of china on itri at .35
[12:21] {ese} alas poor dork....I knew him well
[12:21] {dptl} ye dp is looking at bottle of brandy right now ,thinking to start weeken early :)
[12:21] {ese} missed .50 dino
[12:22] {dino} you dog dp, i want in
[12:22] {dptl} come over :)
[12:22] {dino} 3 1/2 hrs to go
[12:23] {dino} haven't had a beer since sunday
[12:23] {Threei} great... chrysler creditors president lashed out at are getting named
[12:23] {Threei} next round of witch hunt in the making
[12:23] {dino} there is a "rule of law" isn't there?
[12:24] {Threei} tends to lose in court of popular opinion lately it seems
[12:24] {dino} in yobamas' world i loan you $ but you don't have to pay me back
[12:24] {Threei} Atlas Shrugged
[12:25] {dino} yes
[12:25] {Threei} I mentioned this analogy when the whole thing was just starting... looks more and more like direct quotes from there every day
[12:26] {Threei} look at SQNM flatlining just under .20
[12:26] {Threei} volume all but disappeared
[12:26] {Threei} this one is a candidate for a run closer to eod
[12:27] {Threei} we will have hopefuls for recovery buying for possible for gap... and dp will be drunk
[12:27] {dino} gpro maybe off of .00
[12:28] {Threei} consider buying .20 break and holding for retest of .40 at least
[12:28] {Threei} could take a few tries
[12:28] {Threei} just feels to me there are less sellers left on it than buyers
[12:28] {Threei} washout was very good yesterday
[12:29] {Threei} and the way it exploded today and sustained next stage of the move fits
[12:29] {dptl} where would be stop if it takes .20?
[12:30] {Threei} if sets up from here, under /15
[12:30] {dino} not touching it
[12:30] {Threei} PALM finally decent pullback
[12:30] {Threei} I want to keep stop tight on it dp, in order to be able to try a few times if it makes false start
[12:31] {dptl} ok ty
[12:32] {dino} now i see the reason for the brandy
[12:32] {Threei} lol
[12:32] {dptl} lol
[12:32] {Threei} can't believe it took you so long dino, and can't believe you even neded any reason
[12:33] {Threei} the very existence of good brandy or single malt is the reason in and of itself
[12:33] {dino} sometimes i just expect too much
[12:33] {Threei} we wll tend to overdo things...
[12:33] {dino} lphi
[12:34] {Threei} you expect too much... nemo worries too much... dp drinks too much...
[12:34] {dptl} how much is to much?
06[12:34] * Threei slaps dptl around a bit with a large bottle of 12 years old Glenlivet
[12:35] {Threei} that would too much - if you drank it without me
[12:35] {magoo} what i do too much?
[12:35] {Threei} where do I begin
[12:35] {dptl} :)
[12:36] {Threei} you ARE too much mags
[12:36] {Threei} {Very big grin}
[12:36] {dino} lol
[12:36] {nemo} squnm drop
[12:38] {Threei} PALM
[12:38] {Threei} probably worth a scalp here
[12:38] {Threei} stop under .10
[12:39] {dino} itri to .40
[12:39] {Threei} out .24
[12:39] {magoo} WOW what a pop
[12:39] {Threei} nice and easy
[12:39] {Threei} anyone grabbed it?
[12:39] {Threei} sized pullback, stalled... and market spiked sharply
[12:40] {dino} mant wakes up
[12:40] {Threei} delay PALM gave was window of opportunity
[12:40] {Threei} dead giveaway
[12:40] {Threei} come on, no one went for it??
[12:41] {Threei} why did I wake up to let you know... could trade it in my sleep...
[12:41] {dptl} got disconected ..went for what?
[12:41] {Threei} jeez
[12:41] {dino} out itri +.42
[12:41] {Threei} PALM dp...
[12:41] {pita} "probably" didn't seem like call
[12:41] {Threei} .15 - .17 entry for quick scalp
[12:42] {dptl} sigh
[12:42] {dptl} test test
[12:42] {dino} gpro
[12:42] {dino} you're here dp
[12:43] {dptl} ty
[12:43] {dptl} everything is wrong brandy closer :)
[12:44] {dino} mant to b/e
[12:44] {ese} i'm agreeing with you dp....i'm an absolute screw up today
[12:44] {ese} missed gpro dino.........sigh....absolute screw up
[12:45] {Threei} you guys cause depression in me... by the way you speak, lol
[12:45] {Threei} what l\anguage is that
[12:45] {dino} .oo
[12:45] {dino} and vad, i concur
[12:45] {ese} vad....i'm comin over ...get the psychologists ready
[12:46] {dino} lots of movers boys
[12:46] {nemo} you're a cur?
[12:46] {Threei} ese... no psychologusts... just dp with big bottle
[12:46] {ese} and the couch
[12:46] {ese} i'll take it
[12:46] {dino} mant out flat
[12:46] {Threei} it's as though you expect every day be a winner, every trade to work etc
[12:46] {Threei} yin and yang
[12:46] {nemo} careful
[12:46] {Threei} nothing moves in one direction forever
[12:47] {dino} only .666666666
[12:47] {jfjf64} you drinkin over there
[12:47] {nemo} oh jeez...who let satan in
[12:47] {Threei} recognize in time the cold streak,
[12:47] {Threei} decrease activity,
[12:47] {Threei} minimize damage,
[12:47] {ese} direction???? you mean there is direction in stocks and market movement
[12:47] {Threei} sit out period of being cucumber
[12:47] {dino} expect to lose, i like to think
[12:47] {ese} well i'll be damned.....
[12:48] {larisa} they say you have to learn to love your stops as much as your winners, then you will be one step closer to professional trader
[12:48] {Threei} recognize the moment when you get back in saddle,
[12:48] {Threei} start pushing harder again
[12:48] {ese} i knew there was something i was missing
[12:48] {Threei} they are right larisa
[12:48] {larisa} lol
[12:48] {ese} gotcha cheif
[12:48] {Threei} be a good loszer in order to be a winner
[12:48] {dino} who are "they"
[12:48] {Threei} loser
[12:48] {Threei} THEY dino...
[12:49] {Threei} you know...
[12:49] {dino} lol
[12:49] {Threei} popwers that be :)
[12:49] {Threei} -p
[12:49] {dino} but you are correct vad.
[12:49] {nemo} those that cannot be named
[12:49] {Threei} yeah, them
[12:49] {dino} good trading is not about being right, it's about trading right
[12:49] {ese} indeed
[12:49] {Threei} those of you who know me for many years... larisa... cosmo... raven...
[12:50] {nemo} frickin tck
[12:50] {Threei} sorry, not listing everyone,
[12:50] {Threei} but the point is:
[12:50] {Threei} how many times did you see me hjaving cold streaks?
[12:50] {dino} and think in probabilities, my hit ratio runs around .666 thats where thats from, so i expect to loseabout 3-5x/day
[12:50] {Threei} days or weeks of no good wins?
[12:51] {Threei} was there any single one of those streaks I wouldn't recover from only to have months of hot run?
[12:51] {ese} nope
[12:51] {Threei} heck, we had unbelieavable winning streak from last August
[12:51] {larisa} I only remember last 1 hour, do not even remember CAT off .30 :)
[12:51] {Threei} lol
[12:51] {Threei} just shrug off these days,
[12:51] {ese} ahhhhh wait a minute there was the time??????......just kidding
[12:52] {Threei} they are normal part of the process
[12:52] {pita} couldn't you tell us early when those days are? please? in advance......
[12:52] {Threei} ummm
[12:52] {Threei} no... sorry
[12:52] {pita} lol
[12:52] {Threei} :)
[12:53] {Threei} don't let these ays become a frustration,
[12:53] {Threei} take them as part of the process,
[12:53] {dino} gpro to .55
[12:53] {Threei} any trader that tells you he doesan't have those is a liar
[12:53] {dino} out +.55
[12:54] {dino} agree
[12:55] {vinod} vd-they these guy gave you hard time all the time?
[12:56] {Threei} of course
[12:56] {Threei} that's part of the process as well
[12:56] {Threei} keep me on my toes
[12:56] {pita} member obligation
[12:56] {Threei} and make me keep my truot unholstered
[12:56] {Threei} ummm... this sounded better in my head...
[12:57] {pita} call janitor
[12:57] {Threei} lol
[12:57] {dptl} lol obama again
[12:57] {Threei} yup
[12:57] {dptl} cnbc
[12:57] {ese} cool move by gpro dino......
[12:58] {vinod} I am going to join union here
[12:58] {Threei} ASQNM trade idea is still alive
[12:58] {Threei} SQNM
[13:00] {dptl} feels like i see president more then my wife
[13:00] {ese} hey......thanks for the day though....wouldn't spend my morning any other way all....I really enjoy your company....take care and have a great weekend
[13:00] {Threei} {F GM}
[13:00] {Threei} you too ese
[13:00] {ese} see ya vad
[13:00] {Threei} wow
[13:00] {Threei} look at this
[13:01] {Threei} REPORTS APRIL US VEHICLE SALES -41.9%
[13:01] {Threei} - March US sales -36%
[13:01] {Threei} guess who
[13:01] {nemo} f
[13:01] {Threei} you'd think it's one these sinneers,
[13:01] {dino} cya es
[13:01] {Threei} those who didn't make cars people wanted,
[13:01] {Threei} built SUVs and trucks,
[13:01] {Threei} ignored gbreen technology,
[13:01] {Threei} spat on fuel economy
[13:02] {Threei} right?
[13:02] {Threei} wrong
[13:02] {Threei} that's Toyota
[13:03] {Threei} Mers:
[13:03] {Threei} REPORTS APRIL US SALES -30.7%, 14,565 UNITS
[13:03] {Threei} - March sales were -17.5% y/y
[13:04] {Threei} F
[13:05] {Threei} anyone planned on using Hydroxycut to lose weight?
[13:05] {Threei} don't
[13:06] {Threei} FDA warning
[13:06] {Threei} associated with liver injuries
[13:06] {nemo} my liver's petrified anyway
[13:06] {nemo} Hell, it causes metal detectors to go off
[13:06] {pita} pickled
[13:10] {dino} lol
[13:11] {Threei} SQNM changes
[13:11] {Threei} maybe bounce on sharp selloff if we get one
[13:11] {dino} winnie the poo maket today
[13:11] {Threei} I would love to see it quickly diving to 3.80
[13:11] {dino} very confusal
[13:11] {jfjf64} very
[13:12] {Threei} {MS HAL KFT}
[13:12] {Threei} ookkkaaaay...
[13:12] {Threei} I guess MS is next target of the administration
[13:12] {Threei} how dare they be so anti-american'
[13:13] {dino} mant partial fill l .15
[13:16] {jfjf64} ms monster c/h
[13:23] {jfjf64} ya guys sleepin
[13:23] {jfjf64} did i get knocked off server
[13:24] {Threei} no
[13:24] {jfjf64} k
[13:24] {Threei} we are just ignoring you
[13:24] {jfjf64} gettin worried
[13:24] {jfjf64} ty
[13:24] {Threei} usually it's magoo, but today we decided to switch
[13:25] {jfjf64} cat real strong
[13:27] {Threei} prez on TV
[13:27] {dino} apol sm l .60
[13:31] {dino} hod's
[13:33] {dino} gpro
[13:33] {jfjf64} x
[13:34] {dptl} what's the plan for sqnm now ,Vad?
[13:34] {Threei} just wait
[13:35] {Threei} watch PALM drop meanwhile
[13:36] {Threei} bounce should be near
[13:37] {jfjf64} ???
[13:37] {dptl} .30?
[13:38] {dino} aoc, sur
[13:43] {dawg} .
[13:44] {dino} fire
[13:47] {Threei} .30 break PALM
[13:47] {Threei} .24 stop'
[13:47] {magoo} inm
[13:48] {Threei} GM
[13:48] {Threei} REPORTS APRIL VEHICLE SALES -34% V -37%E
[13:50] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:51] {jfjf64} still valid
[13:51] {dino} hoft funny company, limited market i guess
[13:51] {Threei} as long as it holds .25
[13:52] {Threei} not anymore
[13:52] {jfjf64} ty
[13:52] {Threei} bounce candidate rather, but no clear idea of price yet
[13:53] {dino} wow no takers hoft=hooker furniture, just popped up
[14:04] {dino} apol stopped -.12
[14:11] {wulff} Vad any reason a .26 break of PALM would not be valid setup around 2pm
[14:14] {wulff} except the fact that a short would have been better
[14:14] {Threei} lol
[14:14] {Threei} not really
[14:14] {Threei} could work
[14:14] {dino} stopped mant -.02
[14:15] {Threei} pretty much market dependent
[14:15] {Threei} but bounce from these levels is more interesting play
[14:16] {jfjf64} gm me entry boss
[14:16] {Threei} two ways
[14:16] {Threei} one is just buy and keep very tight stop
[14:16] {Threei} under 11
[14:16] {Threei} let's say buy .04
[14:17] {Threei} another is, wait for it to make couple moves between 11 and 11.05
[14:17] {Threei} then buy break
[14:17] {Threei} in first case, risk of not working is higher
[14:17] {wulff} another is hire someone to do it for you
[14:17] {Threei} in seond, risk of missing the play is higher
[14:20] {Threei} IMO... Fiat is setting itself u for disaster with this deal
[14:23] {nemo} no volumes today
[14:23] {Threei} on NQ half of yesterday's so far
[14:24] {nemo} DOW 50% NAS 80% S&P 60%
[14:29] {dino} bgc sm s .00
[14:31] {nemo} nice dino
[14:32] {dino} thx
[14:32] {dino} want .65ish
[14:33] {dino} hmmm
[14:33] {nemo} yeah
[14:34] {Threei} let's do a quick dive, market... so we finally get some excitiment back
[14:40] {dino} stop to .70
[14:40] {dino} bstop that is
[14:41] {dino} stopped/covered +.30
[14:41] {nemo} lucky
[14:41] {nemo} again
[14:41] {nemo} and again
[14:41] {nemo} and again
[14:41] {nemo} :)
[14:42] {dino} nemo, you see my entries, you can play too
[14:42] {nemo} I understand
[14:42] {nemo} I was just hopping on your comment yesterday about how you're so lucky :)
[14:43] {dino} profits are luck, losses are skill
[14:43] {dino} apol interesting
[14:43] {larisa} :)
[14:44] {nemo} that's neat actually
[14:44] {nemo} So, Vad, market somnolently slip into the weekend?
[14:45] {Threei} how?
[14:45] {Threei} somnolently?
[14:45] {Threei} use short words when talking tome, will ya?
[14:45] {nemo} sleepily
[14:46] {Threei} ahhh... ty, hated the idea of reaching for dictionary
[14:46] {nemo} apol had 3 big spikes, might be bottoming
[14:46] {Threei} I don't feel so... have this nagging feeling, fireworks are coming
[14:46] {Threei} yeah
[14:46] {nemo} I feel short side, so it'll probably be bull..
[14:47] {Threei} told ya witch hunt starts
[14:47] {dino} lol
[14:48] {Threei} let's regulate
[14:48] {dino} next they will say no shorting by nonregulated people
[14:48] {Threei} who is it, breathing in the corner unregulated?
[14:48] {Threei} no one really knows how frequently he inhales
[14:48] {Threei} how long keeps the air in
[14:49] {nemo} we'll have to buy carbon credits for breathing
[14:49] {Threei} what the ratio og inhale to exhale time is
[14:49] {dptl} palm .90 long?
[14:49] {Threei} stop this unregulated breathing this moment
[14:49] {Threei} 50/50 dp
[14:49] {pita} adios everyone, have a good weekend
[14:50] {nemo} vaya con Dios pita
[14:50] {Threei} if makes one more move to .85 and back, better odds
[14:50] {Threei} take care pita
[14:50] {dino} cya pita
[14:50] {fernp} good weekend pita
[14:50] {dino} go w/the gods? nemo
[14:50] {Threei} watch market now
[14:50] {dptl} there,it did
[14:51] {nemo} go with God
[14:51] {Threei} if spikes, PALM becomes a play on .90 break
[14:51] {dino} ahhh
[14:51] {nemo} very catholic
[14:51] {nemo} I'm more of a burn in the pit of hell kinda' guy
[14:52] {nemo} but, I was trying to be courteous
[14:52] {Threei} no unregulated fires, nemo
[14:52] {Threei} those are fire hazard
[14:52] {dino} watching apol, mant, pnra, mgln, bgc, gpro
[14:52] {nemo} I'll have to get a hazardous waste permit for my toe jam
[14:52] {Threei} CHRYSLER LLC US SALES -48% TO 76,682
[14:52] {Threei} - Vice Chairman: "The industry appears to have stabilized, as it''s been fairly level for the past four months," "We know where the bottom is, and as the economy struggles to recover, vehicle sales should follow."
[14:53] {Threei} follow to struggle?
[14:55] {nemo} in palm
[14:55] {dptl} in .91
[14:56] {Threei} I don't see much help from market
[14:56] {Threei} let's hope PALM holds its own while market gathers strength
[14:56] {Threei} it sure dropped far enough from the top
[14:59] {nemo} fit out
[14:59] {dptl} i out .91
[15:00] {nemo} out +.03 wow
[15:00] {dino} mant l .00
[15:03] {dptl} gonna stop here(should be stoped for the day anyway)...have a good weekend all :)
[15:04] {dino} take care dp, enjoy the brandy
[15:04] {Threei} take care dp
[15:04] {larisa} will take APOL at .50 break stop under .40
[15:04] {nemo} was thinking that myself
[15:05] {dino} apol sm l .50
[15:05] {nemo} that you @ .51 larisa
[15:05] {Threei} hey!!!
[15:05] {Threei} Prez on TV!!
[15:05] {nemo} what
[15:05] {nemo} yea figured that as soon as you said it
[15:05] {larisa} basing for too long though, careful here
[15:06] {nemo} "based" on what?
[15:06] {larisa} I like strong bounces nemo
[15:07] {nemo} nevermind
[15:08] {nemo} DB here larisa?
[15:09] {larisa} not really :)
[15:09] {nemo} I was trying to be optimistic
[15:09] {larisa} lol
[15:10] {nemo} never works for me...maybe that's why I see shorts pretty well
[15:10] {dino} out mant .12, +.12
[15:11] {dino} apol stop is .19 fwiw, toughie
[15:11] {larisa} I got out on new low, good luck dino
[15:12] {dino} ironically my original bid was .20
[15:12] {larisa} fooled me with base at 40
[15:12] {dino} hard stop no worries larisa
[15:14] {dino} bets on pnra filling wed gap around 55.40
[15:14] {vinod} no one has interest in FAZ SRS ?
[15:14] {Threei} yes but don't want to chase
[15:14] {nemo} vinod's babies
[15:15] {Threei} it spiked vertically from under .50
[15:15] {vinod} i got FAZ at 8.55
[15:16] {vinod} my stop is 8.55 now
[15:18] {dino} gj
[15:23] {dino} well so far as planned up about 100 then red
[15:24] {nemo} Aby joseph Cohen:
[15:24] {nemo} she's never been right
[15:28] {larisa} I want happy closing :)
[15:28] {nemo} if you're short, I think it'll be happy
[15:29] {larisa} i am 5'10"
[15:29] {nemo} short the market
[15:29] {dino} she's got legs
[15:30] {larisa} no, it is all neck
[15:30] {Threei} sigh
[15:30] {Threei} poor janitor
[15:30] {dino} lol
[15:30] {nemo} I had a girlfriend that was 6' and I'm 5'6" I was the perfect height
[15:34] {dino} feels like a summer friday
[15:35] {Threei} very much so
[15:37] {dino} sm l itri .60
[15:45] {Threei} nothing dramatic
[15:45] {vinod} still hanging in there with FAZ
[15:46] {Threei} unless last 15 minutes turn whimper into bang
[15:48] {Threei} NQ 20 points range for the whole day
[15:48] {dino} apol to flat
[15:49] {dino} stopped apol 0
[15:49] {larisa} too stubborn sellers
[15:50] {larisa} I think we need to regulate APOL sellers
[15:50] {dino} tough one today, watch it go up 2 bucks mon.
[15:52] {Threei} SQNM will be a player on Mon againb I'd think
[15:53] {larisa} vad, your best week ever will start monday :)
[15:53] {larisa} my wish to you, no pressure :)
[15:53] {nemo} somnolently slipping into the weekend :)
[15:53] {Threei} wow... I can sleep whole next week??
[15:53] {Threei} thank you!!
[15:53] {larisa} lol
[15:53] {vinod} got out 8.70 have a nice weekend
[15:53] {Threei} take care vinod
[15:53] {Threei} have a good one
[15:54] {dino} cya vinod
[15:56] {fernp} have a nice weekend everybody. see you on monday
[15:56] {larisa} later all :)
[15:57] {nemo} Stick a fork in me
[15:58] {Threei} thank you all, have a good weekend
[15:58] {Threei} see you on Monday
[15:58] {nemo} peace & quiet
[15:58] {wulff} LOVELY DAY
[15:58] {nemo} go chew on a stick wulff
[15:58] {nemo} :)
[15:59] {wulff} (sarcasm)
[15:59] {nemo} nah...not me
[15:59] {nemo} I'm all sunshine and happiness
[15:59] {dino} out itri .70, +.10
[16:00] {dino} magoo a brew please