RealityTrader Trading Log

Tuesday, June 30, 2009

Jun 30 2009

Summer. Boring. Nothing to add.

Session Time: Tue Jun 30 00:00:00 2009

[08:31] {Threei} CYTR Files Report with the FDA in Response to the Partial Clinical Hold on its Phase 2b Arimoclomol ALS Trial
[08:34] {Threei} [APPY] Files 510(k) Notification With FDA for AppyScore(TM) Test
[08:34] {fernp} good morning everybody
[08:35] {Threei} fern :)
[08:35] {nemo} hello
[08:35] {Threei} nemo :)
[08:35] {nemo} Vader
[08:40] {Threei} Investor George Soros: One cannot fix credit crisis by replacing debt with fiscal balance sheet; going forward, sees a 'stop-go' economy
[08:40] {Threei} - It's a misconception to believe in 'self-correcting' markets
[08:41] {Threei} really?
[08:41] {Threei} how did they self-correct for hundreds years
[08:42] {cosmo} before soros = bs
[08:44] {Threei} lol
[08:47] {BillyD} mornin all
[08:47] {Threei} Billy :)
[08:52] {BillyD} Vad, AGII finished with good is just low volume
[08:52] {Threei} yeah, let's have a loom at it after open
[08:53] {nemo} huh?
[08:53] {BillyD} SCLN a little one on nice uptrend
[08:54] {Threei} the fery first stock I've ever bought
[09:00] {Threei} *APR CASE SHILLER HOME PRICE INDEX: 139.18 V 139.99 PRIOR
[09:00] {Threei} COMPOSITE-20 Y/Y: % V -18.63%E
[09:01] {Threei} SLM Corp Buckingham reiterates Accumulate rating, price target $16
[09:01] {Threei} - Firm is raising their 2010 EPS estimate by $0.07 to $1.42 to reflect the estimated contribution from the company's new loan servicing contract and are lowering our Q2 and 2009 estimates by $0.09 per share to reflect the still wider than normal spread between LIBOR and CP in Q2 (about 44bp instead of 10bp).
[09:01] {ese} good morning.....
[09:01] {Threei} ese :)
[09:02] {ese} sold fitb at the end of the day .02 +.08 on 6k
[09:03] {ese} thought i was going to get more out of it
[09:03] {magoo} dfj;ordspijreaipjhresjhil
[09:04] {ese} ya for sure dajup werwoiuoi*&^&^ and i believeoioidjlkjoiwe....for sure!
[09:04] {Threei} magoo :)
[09:05] {ese} focusing in on anything vad?
[09:05] {magoo} its my bday today
[09:06] {tomg} Happy Birthday Magoo !
[09:06] {ese} happy birthday mags!!!!!!!!
[09:06] {Threei} Happy Birthday mags
[09:07] {Threei} I am focusing on attempts to focus
[09:07] {patience} happy birthday to magoosky :)
[09:07] {magoo} if u figure that focus thingy out let me know lol
[09:07] {ese} gottcha....let me get my coffee
[09:11] {dino} gm all
[09:11] {Threei} dino :)
[09:11] {nemo} what did the Case-Shiller release say?
[09:11] {Threei} 09:00] {Alert} Threei *APR CASE SHILLER HOME PRICE INDEX: 139.18 V 139.99 PRIOR
[09:11] {Threei} [09:00] {Alert} Threei COMPOSITE-20 Y/Y: % V -18.63%E
[09:12] {nemo} not good
[09:12] {nemo} but market not affected
[09:14] {magoo} gotta be careful...end of qtr games been in play..usually do not carry the last day
[09:16] {dino} don't over think it guys, just trade
[09:16] {Threei} couldsn't even if I wanted dino
[09:17] {nemo} that's funny...looking at your entry, I thought prices dropped article says they only dropped %18.8-less than expected
[09:18] {ese} i'm with dino......what market....what index.....what release......whadaya talkin a bout
[09:18] {dino} great minds, huh es, lol
[09:19] {nemo} stand up ese...less pressure on your brain
[09:20] {nemo} GERN
[09:20] {ese} ahhhh oh ya.....thats what it is
[09:21] {Threei} Geron Corp Announces exclusive global agreement with GE Healthcare to Commercialize Stem Cell Drug Discovery Technologies
[09:21] {Threei} - Companies have entered into a global exclusive license and alliance agreement to develop and commercialize cellular assay products derived from human embryonic stem cells (hESCs) for use in drug discovery, development and toxicity screening.
[09:21] {Threei} - The program will use stem cells derived from hESC lines listed on the NIH Human Pluripotent Stem Cell Registry.
[09:21] {Threei} Under the terms of the agreement, GE Healthcare has been granted an exclusive license under Gerons extensive intellectual property portfolio covering the growth and differentiation of hESCs, as well as a sublicense under Gerons rights to the foundational hESC patents held by the Wisconsin Alumni Research Foundation. GE Healthcare and Geron have established a multi-year alliance program under which scientists from the two companies will work closely together to develop hESC-based products for drug discovery. The program will use stem cells derived from hESC lines listed on the NIH Human Pluripotent Stem Cell Registry. GE Healthcare will fund the R&D program and will be responsible for manufacturing, sales and distribution of products developed under the agreement.
[09:22] {BillyD} GERN never came up on scanner
[09:22] {Threei} in all those multiple GERN buyout rumors GE was named as a potential suitor
[09:25] {BillyD} stocks of focus Vad?
[09:26] {Threei} GERN
[09:27] {Threei} maybe STEM
[09:30] {Threei} and whatever scanner spits out
[09:30] {magoo} APOL nuts..i know reported
[09:31] {Threei} yeah, was very strange after report, stranger yet now
[09:32] {Threei} Long Setup: GERN on pullback to about .65
[09:32] {Threei} Long Setup: BAC .30 break
[09:33] {Threei} if stays above .24
[09:34] {nemo} wow, tsl jumped 1.30
[09:34] {dino} schn
[09:34] {Threei} GERN didn't give entry... don't want to chase it, it's not really breakout stock
[09:36] {Threei} BAC invalidated
[09:37] {BillyD} stiil want GERN if pulls back?
[09:37] {ese} INTC approaching 3 month high
[09:37] {Threei} yes, double bottom
[09:41] {ese} Lfitb ,11
[09:41] {nemo} frickin bac
[09:41] {magoo} the BAC-onator lol
[09:41] {Threei} Economist Shiller: Have seen improvements in overall levels of housing rate declines
[09:42] {jfjf64} mornin
[09:42] {Threei} jf :)
[09:42] {ese} jjjjjjjfffffff!!!!!!!!!1
[09:42] {Threei} FUQI at it again
[09:42] {jfjf64} ip l.26
[09:43] {BillyD} it gaps thru resistance and you don't want to chase on FUQI
[09:43] {jfjf64} 1/1
[09:43] {Threei} good one jf
[09:43] {jfjf64} out
[09:44] {Threei} MNTA
[09:44] {Threei} wathing for bounce to short intto
[09:44] {nemo} thinny, as dino would say
[09:44] {jfjf64} looks good
[09:44] {jfjf64} very thinni
[09:46] {ese} end of the month effect
[09:46] {jfjf64} hrb.97 long
[09:47] {nemo} gern pulled back a bit
[09:48] {jfjf64} killin entry on pullbk
[09:50] {jfjf64} xco vad lk lk wants to mk dbl top
[09:51] {dino} xco shale deal
[09:51] {Threei} tough one jf
[09:51] {Threei} GERN new high
[09:54] {Threei} SLM
[09:54] {jfjf64} elx break .25
[09:54] {Threei} pullback closer to .30 long
[09:57] {Threei} in
[09:57] {Threei} stop uinder .20
[09:57] {jfjf64} in
[09:58] {magoo} in
[09:59] {Threei} consumer confidence numbers are coming
[10:00] {magoo} OY
[10:00] {Threei} JUNE CONSUMER CONFIDENCE: 49.3 V 55.3E
[10:00] {dino} air pocket
[10:01] {Threei} consumer is as confused as anyone
[10:01] {dino} well think about it, savings rate way up, consumer not confident
[10:02] {Threei} (US) Treasury: Proposed consumer financing to cover all banks and non-banking institutions
[10:02] {Threei} hmm?
[10:03] {Threei} no worky SLM
[10:04] {jfjf64} xco dam
[10:06] {jfjf64} couldnt fine define entry
[10:06] {Threei} you were looking for double top jf??
[10:07] {Threei} good thing you haven't found it, lol
[10:08] {fernp} DELL double bottom, Vad?
[10:08] {Threei} most likely, but I'd prefer buying it on sliught pullback
[10:08] {Threei} around .70
[10:09] {fernp} ok
[10:09] {Threei} if market spikes strongly then yes, buy .75
[10:09] {Threei} GERN
[10:09] {Threei} .90 break
[10:09] {Threei} stop under .85
[10:10] {Threei} (US) Labor Dept: Unemployment levels are seen up in all independent 372 survery areas in US
[10:11] {Threei} I don't get it... did we or did we not create or saved millins of jobs
[10:11] {nemo} talked about it
[10:12] {Threei} GERN 1:1
[10:13] {Threei} half or scalp is your choice
[10:13] {Threei} DELL 1:1 for hardcore scalpers
[10:13] {jfjf64} took ssalp ty
[10:13] {Threei} you know... those pesky creatures that buy .75 while keeping .70 stop
[10:14] {magoo} big pllbk BAC vad
[10:14] {Threei} on GERN jf? or DELL?
[10:14] {jfjf64} gern
[10:14] {Threei} I'd try it mags
[10:14] {Threei} .20 is nearest support, let's see if holding it
[10:15] {Threei} if yes, buy .26
[10:15] {Threei} if no, let's wait and reevaluate
[10:16] {ese} out fitb....00 -.11
[10:16] {jfjf64} xco vad
[10:16] {ese} &*^&^%&^*&#@#@!
[10:17] {jfjf64} ya see entry anywher
[10:17] {Threei} watching
[10:17] {Threei} not yet\]
[10:17] {level777} VICL
[10:17] {dino} schn lod
[10:18] {dino} fast bounce
[10:18] {Threei} VICL 8:30 news
[10:18] {Threei} Vical Inc H1 Influenza Vaccine Delivers Robust Preclinical Results With 100% Response
[10:18] {Threei} - Company''s vaccine against A/H1N1 pandemic influenza (swine flu) produced robust immune responses well above the accepted protection threshold in 100% of vaccinated mice and rabbits after a standard two-dose vaccine regimen. In addition, at least 75% of vaccinated animals achieved or exceeded the protection threshold after a single dose of vaccine.
[10:18] {Threei} - The company is ready to advance directly to large-scale cGMP manufacturing of the vaccine for human clinical trials, subject to securing external funding for this program.
[10:18] {Threei} XCO jf
[10:18] {Threei} .70 break
[10:18] {Threei} long
[10:18] {Threei} stop under .65
[10:19] {Threei} invalidated
[10:19] {Threei} so is BAC
[10:20] {nemo} wfc builing support
[10:22] {Threei} WFC is .60 trigger
[10:22] {Threei} if holding .50
[10:22] {nemo} tell the market
[10:22] {Threei} XCO worked after all, lol
[10:23] {jfjf64} yup
[10:23] {jfjf64} tempted to try .90 break
[10:23] {level777} trading looks a little tough today
[10:24] {Threei} AGEN Hearing positive chatter circulating regrading fast track approval speculation (1.97, 0.13, 7.07%)
[10:24] {jfjf64} but that be chasin
[10:24] {BillyD} Vad, u taking WFC if triggers
[10:25] {Threei} why not
[10:25] {jfjf64} ditto
[10:26] {nemo} short if it fails?
[10:26] {Threei} I won't
[10:26] {BillyD} KIRK is strong
[10:27] {nemo} that's why he was Captain
[10:27] {BillyD} lol
[10:27] {jfjf64} .60 short xco
[10:27] {jfjf64} didnt play it
[10:28] {jfjf64} you wd of had to be fast for that
[10:29] {nemo} in wfc
[10:29] {jfjf64} in
[10:31] {nemo} markets ying
[10:31] {nemo} dying
[10:32] {dino} snda
[10:32] {jfjf64} gv this wfc sm vodka vadd she fightin
[10:33] {jfjf64} fas killin us
[10:33] {nemo} markets killin us
[10:36] {fernp} WFC is stronger tham FAS
[10:36] {nemo} "the mini magnet is stronger than the maxi magnet"
[10:36] {dino} watching snda, schn, pnra, met, qcom
[10:39] {Threei} I start thinking WFC could be more than scalp
[10:39] {BillyD} yes, if mkt turns for us
[10:39] {Threei} sure
[10:40] {nemo} why?
[10:40] {jfjf64} i was wonderin
[10:40] {Threei} starting dfrom 10:15 roughtly, market made a few new lows
[10:40] {nemo} but wfc held it's range
[10:40] {Threei} WFC held the range, not trying to break it down anymore
[10:41] {Threei} and broke it up with slightest market bounce
[10:42] {Threei} SPPI slowly creeping up
[10:43] {jfjf64} comon break this .70 wfc
[10:45] {nemo} now it's moving with market
[10:51] {Threei} now there is no pattern whatsoever
[10:51] {nemo} black boxes grrrrrrr
[10:51] {BillyD} changing before our very eyes
[10:51] {Threei} what black boxes...
[10:52] {nemo} quant traders
[10:52] {Threei} lol
[10:52] {nemo} conspiracy of the day
[10:52] {Threei} Hypotesis non sint multiplicanda
[10:52] {nemo} nemo me impune lo quesit
[10:53] {nemo} think this thing is going down
[10:53] {Threei} scratch it
[10:54] {Threei} it's within spitting distance from entry
[10:54] {BillyD} u saying bail on it
[10:54] {magoo} wfc?
[10:54] {Threei} if uncomfortable
[10:54] {nemo} scratch=bale
[10:55] {fernp} the reason I entered the trade no longer exists. I am out
[10:55] {Threei} I am fine with 10 cents sto[
[10:55] {nemo} sto=norwegian oil company
[10:55] {Threei} if want to minimize it and don't see the reason to stay out anymore, why not
[10:55] {nemo} don't know what "sto]" is?
[10:55] {Threei} sto[ is a test word to reveal smart a$$
[10:56] {nemo} did it work?
[10:56] {dino} stoli vodka
[10:56] {Threei} what do you think? {G}
[10:56] {nemo} magoo here?
[10:56] {dino} ipcm l .20
[10:58] {magoo} magoo reporting for duty......
[10:59] {dino} bounce coming, imo
[11:00] {dino} snda sm l .75
[11:03] {BillyD} partialed out some WFC here
[11:04] {Threei} AGEN...
[11:04] {BillyD} SPPI .50
[11:07] {dino} guess not
[11:12] {BillyD} oh well
[11:13] {dino} rdea
[11:13] {BillyD} WFC enough to rinse
[11:24] {Threei} come on market... don't fall asleep just yet
[11:24] {jfjf64} xco
[11:27] {nemo} frickin wfc
[11:27] {BillyD} lol
[11:28] {Threei} AGEN... by no means an easy one to trade... but buying is stubborn
[11:29] {Threei} Update: EPA gives approval for California to move ahead with more stringent regulations on greenhouse gas emmission from autos (related F GMGMQ TM )
[11:30] {Threei} this is very smart and timely idea
[11:33] {nemo} rimm very strong today
[11:36] {dino} snda to .25
[11:37] {dino} stopped +.50
[11:37] {BillyD} gj
[11:38] {dino} ty, had more but sudden drop
[11:38] {magoo} out wfc -.03
[11:39] {magoo} blows'
[11:41] {level777} nvax news
[11:41] {level777} from about 2.57
[11:43] {magoo} whenever i get frustrated..cut a trade..openly critisize it..IT WORX lol
[11:44] {Threei} I saw NVASX news... didn't belueve in it at all
[11:44] {magoo} nvax is usually a serial disappointer
[11:44] {level777} nothing to do with believing..has to do with investor hype
[11:44] {Threei} let me elaborate
[11:44] {level777} :)
[11:45] {Threei} didn't believe any hype could move it
[11:45] {level777} i sold @ 2.69
[11:45] {level777} thats my comviction
[11:45] {level777} none of these bio news stocks holds gains unless $$ attached to it
[11:46] {Threei} and even then... {G}
[11:46] {level777} well, i guess they get a P/E then..thats worse news for a bio stock
[11:47] {BillyD} I just want them to hold gains for scalp ordaytrade
[11:47] {BillyD} and...NVAX struggles with even that
[11:47] {BillyD} in my magoo says: serial disappointer
[11:47] {level777} went up 20%
[11:48] {level777} maybe 15
[11:48] {nemo} Billy D....Magoo's not that bad
[11:48] {BillyD} right, but it seems to pullback past stop, etc
[11:48] {BillyD} in the past, haven't watched today
[11:49] {level777} you'd think after years of watching this scenario repeat over & over, some people would learn
[11:51] {nemo} wfc wedging towards .70 (frickin' pos)
[11:51] {BillyD} I've learned it doesn't normally work for my style
[11:52] {BillyD} glad you made $ on it
[11:52] {level777} good observation
[11:52] {level777} sticking with what works for you
[11:53] {Threei} Preview: St. Louis Fed President Bullard scheduled to speak on Fed Exit Strategies at Noon ET
[11:53] {Threei} - audience and media Q&A's are expected to follow the speech.
[11:53] {Threei} - Bullard is not a voting member of the FOMC.
[11:54] {Threei} NVAX is out of character today
[11:54] {BillyD} straight up
[11:54] {nemo} off its meds :)
[11:54] {level777} wish i knew that b4 i sold
[11:59] {dino} sm l wynn .80
[12:00] {Threei} Fed's Bullard: SHort term goal to avoid short term inflation trap in 2009; some programs may wind down naturally
[12:01] {Threei} I think NVAX is done except for scalps on bounces
[12:01] {BillyD} short?
[12:02] {Threei} closer to .10
[12:02] {Threei} if pauses and can't break
[12:02] {Threei} new high is a stop
[12:03] {Threei} didn't pause... no entry yet
[12:04] {Threei} .07 worth a try short if stays under .14
[12:05] {nemo} volume stronger today than yesterday
[12:10] {Threei} volume dries up on this NVAX bounce... if we don't get 3.10 break and it loses 3, look out below
[12:11] {BillyD} still .14 stop right
[12:11] {Threei} if it makes a new high, this is some new NVAX...
[12:11] {Threei} one I am not familiar with
[12:11] {Threei} yes
[12:11] {Threei} held by fingertips
[12:12] {Threei} out
[12:12] {BillyD} oh well
[12:13] {Threei} looks determined
[12:13] {dino} sm l snda .75
[12:14] {ese} L fitb.01
[12:16] {level777} nvax strong as a bull
[12:16] {Threei} no kidding
[12:16] {nemo} strong like bull
[12:16] {level777} is strong as mongo
[12:16] {nemo} where'd that come from anyway/
[12:16] {nemo} Alex Karras
[12:17] {nemo} "somebody better go back and get a s$*&load of dimes"
[12:17] {dino} feet don't fail me now
[12:18] {level777} geez
[12:31] {jfjf64} nvav l .32
[12:31] {nemo} you mean nvax?
[12:31] {jfjf64} y
[12:37] {Threei} APPY Hearing Lazard making positive comments (2.74, 0.21, 8.30%)
[12:37] {Threei} wow
[12:37] {Threei} not every day big name makes comments about $2 stock
[12:37] {Threei} daily looks brewaky too
[12:37] {Threei} .75 break is a swing trade trigger
[12:38] {Threei} for daytraders stop under .65
[12:38] {Threei} for swing trade under .40
[12:38] {Threei} first target somewhere above 3
[12:39] {Threei} cites filing of 510K notification for marketing approval of its AppyScore Test this morning
[12:45] {level777} nvax o my
[12:46] {Threei} US Treasury's Barr: Obama plan will preserve strong role for State enforcement
[12:46] {Threei} lol... who would have any doubt
[12:47] {jfjf64} took .38 nvax +6 little cents
[12:47] {Threei} Long Setup: PALM .40 break
[12:47] {Threei} stop under .35 for stinkin' scalpers, under .30 for sane traders
[12:49] {BillyD} you guys in PALM already...i stepped away
[12:49] {Threei} no
[12:49] {jfjf64} n
[12:49] {Threei} mow
[12:49] {BillyD} ty
[12:49] {Threei} now
[12:49] {jfjf64} y
[12:49] {magoo} mnow
06[12:50] * Threei slaps magoo around a bit with a large manual "learn to Type with Your Knees"
[12:51] {Threei} AGEN... something about it...
[12:51] {magoo} ;0
[12:51] {magoo} OOP
[12:51] {magoo} :)
[12:51] {magoo} [12:51] {magoo} ;0
[12:51] {magoo} ROFLOL..cant even do trhaty
[12:51] {magoo} trhaty
[12:51] {magoo} jesus
[12:52] {Threei} trhaty is a small fury animal from Alpha Centauri?
[12:52] {fernp} lol
[12:53] {Threei} stinkin' scalpers got their stinkin' 1:1
[12:53] {jfjf64} 1/1 palm for this scalper
[12:53] {nemo} No I didn't I went and grabbed a sandwich
[12:54] {jfjf64} ty
[12:54] {Threei} :)
[12:54] {Threei} from some fast food outfit nemo?
[12:55] {nemo} refrigerator
[12:55] {Threei} too bad
[12:55] {Threei} I wanted to give a rant about how harmful fast food is
[12:55] {nemo} mortadella, olives, tomatoes, gherkins on frenchbread, w/brown mustard and shot of vodka
[12:55] {BillyD} lol
[12:56] {Threei} vodka as a unalienable elewment of sandwich?
[12:56] {Threei} what a concept
[12:56] {jfjf64} hey thats sounds good nemo
[12:56] {nemo} wash down
[12:56] {Threei} dp wpuld be proud of you
[12:56] {Threei} and ese would help you wash that down with black coffee in hypodermic needle
[12:57] {Threei} sheesh, what a coloful group we have
[12:58] {ese} definately
[12:58] {nemo} colorful group that can't spel or tipe
[12:59] {Threei} eeksquze me?
[12:59] {Threei} I ken spel
[12:59] {nemo} whadya
[12:59] {nemo} do
[12:59] {Threei} I ken spel gud
[13:00] {nemo} Raven must think we're whacked
[13:00] {Threei} nope
[13:00] {ese} up finish to the day do you think?
[13:00] {Threei} I mean no more than usual
[13:00] {nemo} know we're whacked?
[13:00] {Threei} Raven gave up on sanity in this room long ago
[13:00] {nemo} define up ese?
[13:00] {Threei} in fact, when we behaved like normal people once for three days in a row, Raven dcced me to ask whether everything was OK
[13:01] {dino} out ipcm .32, +.12
[13:01] {nemo} outta' palm yet? :)
[13:01] {nemo} RiMM led it down
[13:02] {ese} ummmmmmm.......indexes in the green
[13:02] {Raven} {____}
[13:03] {nemo} indexes green? huh? I have qs down .25 spy down 1.11 and djx down 110
[13:03] {nemo} what did Raven say?
[13:03] {nemo} maybe he's being equivocal
[13:03] {Threei} I don't know, I hid under the nearest rock
[13:03] {Raven} {----- observing
[13:03] {Threei} sheesh nemo, you are insufferable
[13:04] {Threei} you ask ese to define "up"
[13:04] {Threei} he says "indices green"
[13:04] {nemo} good point
[13:04] {Threei} and you say "no they are red"?? :)
[13:04] {nemo} I thought he meant the indices were green
[13:04] {nemo} musician/flashback
[13:04] {ese} nada!
[13:05] {ese} nemo getting picky again?.........ah well.....thats what we like about the guy
[13:06] {nemo} picky....? me? perish the thought
[13:06] {nemo} insufferably obnoxious,,,,yeah, I'll buy that
06[13:06] * nemo crawls into cave, closes door, pulls blanket over head
[13:07] {Threei} ese...
[13:07] {Threei} I am sorry, I have to ask
[13:07] {Threei} there is something we like about nemo???
[13:07] {ese} yes
[13:08] {Threei} okay... if ou say so :)
[13:08] {ese} well.........i think there is......
[13:08] {Threei} oh wait, nemo is here
[13:08] {ese} isn't there?
[13:08] {Threei} yes, there is
[13:08] {Threei} a lot
06[13:08] * nemo takes pressure off Magoo
[13:08] {Threei} in fact we like everything about him
[13:08] {Threei} that's magoo we don't like anything about
[13:08] {Threei} wait, he is here too
[13:09] {Threei} ok... dp is not... finally
[13:10] {magoo} um..ecscuse me..i can hear u
[13:10] {Threei} yeah, I figured
[13:10] {ese} ese defers all opinions to vad..........saves hide in process
[13:11] {dino} deck sm l .25
[13:16] {Threei} US Hospitals have reportedly reached an agreement with the Govt on cuts with healthcare reform; cuts could include medicare cuts and tax exempt status (related IYH THC HCA UHS )
[13:18] {ese} that a good one vad......."When going gets tough, tough shrugs and goes to vacation"........
[13:19] {ese} or "goes golfing"
[13:19] {Threei} golfing is a bit too narrow...
[13:19] {nemo} NVAX, dare a short?
[13:20] {Threei} technically speaking it's a right thing to do
[13:20] {nemo} Mmmmhhhh...salient caveat there
[13:20] {Threei} it formed something remotely resembling H&S
[13:21] {nemo} a "Quasimodo"
[13:22] {nemo} no "Graifer Good Trading" Seal of Approval?
[13:23] {Threei} sheesh
[13:23] {Threei} where do you get these things, lol
[13:23] {Threei} it's a valid trade
[13:23] {ese} Have to admit though....everyone who hangs on this board.....DOES NOT!!!! have that inate ability to drown in a parking lot puddle......
[13:23] {dino} lol
[13:23] {nemo} You referring to King Ludwig II?
[13:24] {dino} speaking of rain, been raining here for about 6 weeks straight
[13:24] {nemo} too
[13:24] {dino} sucks
[13:24] {ese} ya's a wonder the US OPEN golf tournament was completed
[13:25] {nemo} in Georgia? that's a long way from the NE
[13:25] {ese} things have to be nice and clean in your neck of the woods though
[13:25] {dino} muddy
[13:25] {Threei} JPM Reportedly raising minimum payments on credit cards to 5%; effective August (33.95, -0.65, -1.88%)
[13:25] {nemo} they're all doing that
[13:26] {nemo} PALM Vad?
[13:27] {ese} oh my god! How will i ever pay off the $200000.00 i've racked up to be on vads board
[13:27] {nemo} there goes NVAX
[13:27] {nemo} you don't ese, you do like everybody else and tell them to go ++++ themselves
[13:27] {ese} declare bankruptcy
[13:28] {nemo} no, just tell them you can't afford it anymore, offer them .10 on the $ and go bye bye
[13:28] {ese} too funny
[13:29] {nemo} That's what's happening....first line CSR's can make those decisions now
[13:29] {Threei} nemo?
[13:29] {nemo} Vad?
[13:29] {Threei} what about PALM?
[13:29] {nemo} looked like it was building a nice wedge, now looks like it might be forming a box range
[13:29] {Threei} market weakens
[13:34] {nemo} so much for PALM
[13:34] {nemo} although holing above .25
[13:36] {nemo} dbi on nvax?
[13:37] {Threei} it was a short near .40, right shoulder of that H&S
[13:37] {Threei} who would you want to chase it that far down?
[13:37] {Threei} who = why
[13:37] {nemo} I asked
[13:38] {Threei} White House Press Sec: President cannot rule out a tax increase for healthcare (related IYH PPH BBH )
[13:38] {Threei} but of course
[13:38] {nemo} tax increase for healthcare, CO2, and....
[13:39] {Threei} and all "right things to do"
[13:39] {nemo} Aye Comrade, Brother, Friend
[13:47] {ese} comb-raid
[13:47] {ese} ?
[13:49] {Threei} everyone speaks in tongues
[13:49] {ese} fork tongue
[13:50] {Threei} survey shows that just 19% believe the climate change bill passed by the House on Friday will help the economy. Fifteen percent (15%) say it will have no impact, and 24% are not sure, while 42% say it will hurt the U.S. economy.
[13:51] {ese} and 100% are definetly undecided?
[13:53] {Threei} APPY is still there
[13:53] {vinod} good afternoon.
[13:53] {Threei} actually if it triggers at the end of day I will be only happy
[13:53] {Threei} vinod :)
[13:53] {ese} proving once again that a foregone conclusion....needs to be worked out
[13:53] {dino} wynn stopped -.40
[13:53] {ese} vinod BABBBBYYYYYYYYY!!!!!!!!
[13:53] {Threei} also,
[13:53] {Threei} AGEN
[13:54] {vinod} how many win today?
[13:54] {Threei} if it breaks 2 and stasy above it at the end of the day, I will be looking to take it overnight
[13:54] {vinod} ty ese
[13:55] {ese} your welcome
[14:00] {nemo} lookin' at WFC again
[14:00] {nemo} as it drops :)
[14:01] {Threei} one thing is missing today so far
[14:01] {nemo} President on TV
[14:01] {nemo} what do I get?
[14:01] {Threei} prise to be determined yet
[14:01] {Threei} Fed's Bullard: Exit strategy right now is 'unclear'; economic data shows signs of improving - comments to reporters
[14:01] {nemo} duh...
[14:01] {Threei} unclear eh?
[14:02] {Threei} Will review asset purchase program after evaluating economic data over summer months
[14:03] {Threei} Fed purchases par value $1.2B in agency securities; $2B submitted (related FNM FRE )
[14:05] {vinod} nemo-if I am not watching market than no president on TV that is the rule
[14:06] {Threei} but you are here now... nd he is not on still
[14:06] {nemo} Oh, reminds me of one of those unwritten/unspoken "relationship" rules I was always unknowingly guilty of breaking
[14:06] {vinod} I forgot inform him?
[14:07] {Threei} please do, you ruin his schedule
[14:07] {Threei} and we feel a hole in our day
[14:08] {vinod} I am sure he will be on TV tomorrow
[14:09] {Threei} almost 2 hours of trading day still
[14:09] {vinod} so,we go in for AGEN for one night stand?
[14:10] {Threei} possibly, if finishes around here
[14:10] {Threei} and AAPY if breaks .75
[14:10] {vinod} ty
[14:11] {vinod} o.k
[14:11] {Threei} lemme repost
[14:11] {Threei} [12:37] {Alert} Threei APPY Hearing Lazard making positive comments (2.74, 0.21, 8.30%)
[14:11] {Threei} [12:37] {Alert} Threei wow
[14:11] {Threei} [12:37] {Alert} Threei not every day big name makes comments about $2 stock
[14:11] {Threei} [12:37] {Alert} Threei daily looks brewaky too
[14:11] {Threei} [12:37] {Alert} Threei .75 break is a swing trade trigger
[14:12] {Threei} [12:38] {Alert} Threei for daytraders stop under .65
[14:12] {Threei} [12:38] {Alert} Threei for swing trade under .40
[14:12] {Threei} [12:38] {Alert} Threei first target somewhere above 3
[14:12] {dino} oyog
[14:15] {Threei} what's with this idiot on BATS in AGEN quotes?
[14:16] {Threei} GEOY Receives Govt contracts worth $25M (22.83, -0.03, -0.13%)
[14:18] {ese} zzzzzzzzz....garg smouuff...cough......head snap back.......ggggg ahem.....zzzzzzzzzzzzzzzzzzzz
[14:22] {Threei} hey!!!
[14:22] {Threei} vinod, you did it
[14:22] {nemo} tv
[14:22] {Threei} our day is complete now
[14:22] {Threei} no more gapping hole in our hearts and minds
[14:23] {vinod} In agen 2.00. no more hole now lets make some money
[14:31] {Threei} AMZN Ends Business With Hawaii Affiliates (83.00, -0.03, -0.04%)
[14:32] {Threei} if this continues, what amazin will do when it runs out of states to cut?
[14:32] {nemo} It's like cutting your sales force when all your accounts are established...shouldn't make much difference
[14:34] {Threei} well, is amazon willing to kill afifliates program altogether?
[14:35] {nemo}'s a commission...they'll just scenario the cost of tax compliance for various jurisdictions + the commissions they would have to pay out, against the sales they might lose
[14:35] {Threei} there... you are making money vinod
[14:35] {level777} nvax not giving up
[14:36] {Threei} I underatad their reasoning... I just can't understand how states don't see that they make things worse for everyone
[14:37] {nemo} politicians are neither business persons, nor do they understand microeconomics
[14:37] {nemo} you've listened to the morons on the House Banking Committee
[14:37] {Threei} seemsa to be just common sense
[14:37] {vinod} Vad. Yes since I joined here. but my gols is very small and i use vey small size and fewer trade
[14:38] {Threei} good to hear
[14:38] {Threei} they add up
[14:38] {Threei} couple millions here, couple millions there... ptretty soon we are talking real money
[14:38] {vinod} I just wants to make 300 to 500/wk
[14:40] {BillyD} Vad, u already enter AGEN
[14:40] {vinod} I got 2k AGEN
[14:40] {Threei} I have couple thou from .96
[14:41] {vinod} I got to go home. see you tomorrow
[14:41] {BillyD} thx
[14:41] {BillyD} cya vinod
[14:41] {Threei} not sure what to do with them... dump for a scalp and wait, add more and wait, or just wait
[14:41] {Threei} I did this scalp earlier couple times
[14:42] {Threei} but as we near end of day, it feels like I may not get another chance
[14:44] {dino} l8r vin
[14:46] {BillyD} PALM goes
[14:47] {Threei} 52 week high
[14:48] {nemo} mags
06[14:56] * magoo slaps laserdave around a bit with a large trout
[14:56] {nemo} took you long enuf
[14:56] {Threei} lol
[14:57] {magoo} i was dreaming that nemo wanted me to do something.woke up...pow
[14:58] {Threei} this is so disturbing
[14:58] {Threei} nemo appears in your dreams?
[14:58] {Threei} sigh
[14:59] {ese} indexes green maybe ????? hmmmmmm
[14:59] {jfjf64} ese ya drinkin
[14:59] {nemo} drugs
[15:00] {Threei} US Treasury Sec Geithner to testify July 10 to the US House with regards to OTC derivatives (related CALDR ICE ISE LSE.UK CME )
[15:00] {ese} ahhhh let me check......naw....just water with lemon
[15:00] {Threei} {lemon} oh yeah?? and who did soak me in vodka for an hour before squezing me into water??
[15:01] {jfjf64} im a water lemon type of guy also what bout ya vad
[15:01] {jfjf64} guess got answer lol
[15:01] {Threei} just water... and chewing coffee beans
[15:02] {ese} the way intel is moving here ....was thinkin it might be an outside shot
[15:02] {jfjf64} lk it at .44
[15:03] {jfjf64} did ya lk short or long ese
[15:05] {ese} long...i'm still long a crap load of intel from .30 last week
[15:05] {ese} it's bouncing off .30 anyway
[15:06] {jfjf64} lkin wfc bounce
[15:06] {ese} dino warned me not to swing trade it but i'm giving it a shot....will be out by thurs fri for sure
[15:08] {ese} i'd have done better scalping it.......but i don't want to mix syles......whatever ya start with....ya need to finish with
[15:09] {dino} you'll be ok es
[15:09] {dino} you know what your doing
[15:09] {ese} other thing keeps trying to break above 16.70....this is the fourth thing i do remember about my swing tradindays is.....if it does break'll go like hell
[15:10] {dino} hammer theory
[15:10] {ese} indeed
[15:10] {ese} higher lows keep pushing it up against .70 to .75 area
[15:11] {jfjf64} what ya watchin
[15:11] {dino} hammer to ice, more whacks greater chance of breaking through
[15:12] {dino} still in deck, snda
[15:12] {dino} liking qcom
[15:13] {ese} INTC jf
[15:13] {ese} or was that question for dino
[15:14] {jfjf64} ya ese
[15:14] {dino} thought it was to all
[15:16] {dino} schn ranging between 52.60-53.60
[15:17] {nemo} c u 2morow
[15:17] {ese} cya nemo
[15:18] {dino} cya nemo
[15:18] {fernp} bye nemo
[15:18] {Threei} take care nemo
[15:19] {Threei} APPY doesn't want to set up
[15:19] {ese} you still thinkin agen overnight vad?
[15:20] {ese} was is it AGEN?
[15:21] {Threei} yeah
[15:21] {Threei} only if finishes around 2
[15:22] {Threei} White House economic advisor Goolsbee: housing boom will not return - CNBC interview from the Aspen Ideas Conf
[15:22] {dino} never say never
[15:23] {jfjf64} .48 long intel
[15:23] {ese} old saying......they aren't making anymore land
[15:24] {jfjf64} .40 stop
[15:24] {BillyD} real estate just gonna take time
[15:25] {jfjf64} common on buyers sale here
[15:25] {ese} yup
[15:25] {ese} or it may switch downtown in most major cities
[15:26] {jfjf64} print a .52 we gone
[15:26] {ese} people are really getting tired of the comute thing
[15:26] {cosmo} tent parks will be hot
[15:26] {BillyD} it's all supply/demand right now ese
[15:26] {cosmo} esp for retirees
[15:27] {dino} it will come back
[15:27] {dino} population continues to grow
[15:27] {jfjf64} gimme a .52
[15:27] {dino} everything goes in cycles, real estate, stocks, bonds, weather, etc. imo
[15:28] {BillyD} true dino, this cycle gonna be a little longer imo
[15:28] {Threei} except stupidity... that one seems costant
[15:28] {dino} most likely
[15:30] {jfjf64} .53 comon dino
[15:31] {jfjf64} that nice
[15:31] {jfjf64} lotta green
[15:34] {ese} indexes takin a shot at being green
[15:38] {jfjf64} 1/1 intc
[15:39] {jfjf64} stop to.53
[15:39] {dino} gj
[15:40] {Threei} CFTC rep Chilton: Trying to find signs of 'excessive' speculation in commodity markets; paying close attention to oil due to recent increase in prices
[15:40] {Threei} - Comments that 'something is going on', and that the CFTC's job is to ensure nothing happening is illegal
[15:40] {Threei} this is so pathetic
[15:40] {dino} out snda .15, +.40
[15:41] {BillyD} Vad, that statement is for the guy who reads the newspaper
[15:41] {dino} bunch of whiners in charge of everything
[15:41] {dino} bunch of whiners in charge of everything
[15:42] {fernp} have to go. see u all tomorrow. good evening
[15:42] {Threei} take care fern
[15:42] {dino} cya fern
[15:42] {Threei} where is America I knew and admired
[15:43] {Threei} this is frikin jellyfish
[15:44] {dino} died w/election
[15:44] {dino} needed to split house/senate/pres.
[15:45] {BillyD} Vad, u thinking AGEn for gap?
[15:46] {Threei} really want it to cross 2
[15:46] {BillyD} more selling than you want
[15:47] {Threei} not really, it has a lot of both at each levele as all thick stocks do
[15:47] {Threei} just want it to finish over this resistance
[15:47] {Threei} see it on daily
[15:47] {BillyD} yes
[15:48] {dino} deck out .65, +.40
[15:48] {dino} calling it a day, pos. but light. toughie imo
[15:49] {Threei} you can't leave dino
[15:49] {Threei} we have 11 more minutes of suffering
[15:49] {Threei} suffer with us
[15:49] {ese} nice dino....great way to finish the day
[15:51] {Threei} L7
[15:51] {Threei} TSRT shows signs of life again
[15:51] {Threei} TSTR
[15:51] {dino} ty es
[15:51] {dino} later all
[15:51] {Threei} awww... come on dino
[15:51] {Threei} 9 minutes
[15:51] {ese} end of the day sell program hits intc
[15:52] {Threei} NDAQ CEO notes there are about 100 companies that have filed plans to go public on the Nasdaq - CNBC interview (114.90, -3.46, -2.92%)
[15:53] {level777} u guys in anything?
[15:54] {Threei} contemplating AGEN
[15:56] {ese} intc at .30 L7
[15:56] {ese} and fitb .00
[15:57] {Threei} AGEN says good to go
[15:58] {Threei} APPY, will observe tomorrow
[15:58] {level777} u in agen?
[15:59] {Threei} yes
[16:00] {Threei} okay guys, thank you all
[16:00] {Threei} wow
[16:00] {Threei} what happened?
[16:00] {Threei} AGEN sharp spike
[16:00] {Threei} new high right on the close
[16:00] {Threei} nice volume too
[16:01] {Threei} okay, I'll take it
[16:01] {Threei} have a good evening
[16:01] {Threei} see you tomorrow
[16:01] {BillyD} cya Vad
[16:01] {Alw} ty
[16:01] {ese} take care all
[16:01] {level777} maybe plays tonight
[16:01] {magoo} yup..ty all

Monday, June 29, 2009

Jun 29 2009

Narrow, slow and boring. The only bright ray of the day was SLM trade which we early identified as good for more than scalp, and utilized for over 30 cents move. Other than that, couple scalps, couple stops and a nice nap.

Session Time: Mon Jun 29 00:00:00 2009

[08:09] {Threei} CSIQ Announces 120MW of Recent Sales Orders
[08:09] {Threei} - Has received a purchase order from Systaic AG (SYSCF) for 30 MW of solar modules to be delivered t... (12.41, 0.00, 0.00%) more...
[08:15] {Threei} DCGN Discovers a Gene Linked to Risk of Kidney Stones and Osteoporosis (0.45, 0.00, 0.00%)
[08:18] {KSystems} morning
[08:18] {Threei} KS :)
[08:18] {nemo} haroo...I miss anything?
[08:18] {Threei} nope
[08:28] {Threei} I am yet to understand how this fluffy news move DCGN
[08:30] {Threei} CYTR Reports Favorable Progress Update for Its Pivotal Phase 2 Clinical Trial with Tamibarotene as a Third-line Treatment for Acute Promyelocytic Leukemia (0.90, 0.00, 0.00%)
[08:31] {Threei} some poor soul hit 1.85
[08:31] {level777} +100% on 2k
[08:33] {Threei} said Steven A. Kriegsman, CytRx President and CEO. We are aggressively working to achieve our goal of completing this trial by the end of the current year, which may include acceleration of the trial through a negotiation with the FDA regarding the total number of patients ultimately enrolled, and filing an NDA submission with the FDA in 2011.
[08:33] {Threei} lol
[08:35] {ese} good morning
[08:35] {Threei} ese :)
[08:35] {ese} how was your weekend Vad.....did you take in any of the jazz festival?
[08:36] {Threei} no, didn't get around to that
[08:38] {ese} i caught about 5 shows....3 free ones sat and sun in centenial square then David Sanborn sat night at the royal and King Sunny Ade from Nigeria in Centenial Square in the evening
[08:38] {Threei} cool :)
[08:39] {ese} King Sunny Ade was terrific...5 percussionists...3 of them with differnt size Talking Drums....very Rhythmic
[08:39] {fernp} good morning everybody
[08:40] {Threei} fern :)
[08:40] {ese} fern
[08:52] {BillyD} good morning
[08:52] {nemo} gm
[08:52] {Threei} Billy :)
[08:53] {ese} billy d
[08:54] {ese} say.....wait a minute......didn't you star beside Dina Ross in of a model superstar?
[08:54] {BillyD} lol...that was me...hehe
[08:55] {nemo} how's your jeri-curl
[08:55] {level777} SVA interesting, decent news
[08:56] {ese} what is a panflu though L7?
[08:57] {ese} ok ok ok......pandemic drug
[08:57] {ese} got it
[08:57] {Threei} Sinovac Biotech Receives Revised Approvals for Panflu
[08:57] {Threei} - Received a revised Drug Supplementary Application Approval for Panflu, Sinovac''s pandemic influenza vaccine from the China State Food and Drug Administration (SFDA), based on the Phase IIb clinical trial,
[08:57] {Threei} - Under the revised approval, the age group eligible for use of the whole viron inactivated pandemic influenza vaccine was expanded to 18 years old and over, whereas it was previously 18 to 60 years of age, enabling Sinovac to reach a much broader percentage of the population.
[09:00] {Threei} MDT FDA Grants LUCAS 2 Chest Compression System 510(k) Clearance in the United States (34.97, 0.00, 0.00%)
[09:01] {BillyD} anything stick out so far Vad
[09:01] {Threei} SVA... CSIQ... ummm, DCGN (shrug)
[09:03] {ese} speaking of chest compression........a radio announcer friend of mine here in Victoria has a pace maker.....he was doing announcements sat at the jazz festival here and when he stood beside the power amps for the sound system all the electricity re-calibrated his pacemaker and sent his heart thumping
[09:04] {BillyD} wow
[09:04] {magoo} morning
[09:05] {nemo} were there wireless setups ese?
[09:05] {Threei} magoo :)
[09:05] {ese} no ....not that i could see
[09:07] {level777} in SVa .30
[09:09] {nemo} where's your stop L7?
[09:12] {dino} gm all
[09:12] {ese} dino
[09:13] {Threei} dino :)
[09:13] {ese} kenny Perry at the Travellers yesterday dino......having the best year of his life on the [ga tours
[09:13] {ese} pga
[09:14] {nemo} that's a good one
[09:14] {dptl} good morning all
[09:14] {Threei} dp :)
[09:14] {ese} dp
[09:15] {dino} cool es
[09:18] {jfjf64} mornin
[09:18] {ese} jf
[09:19] {Threei} jf :)
[09:21] {Threei} Madoff sentencing today
[09:21] {Threei} market is holding its breath I suppose
[09:24] {ese} stripped of everything....couldn't happen to a nicer guy!!!!!
[09:27] {Threei} DRYS is trying to move
[09:27] {nemo} apol reports today Dino
[09:28] {vinod} GM to all
[09:28] {Threei} vinod :)
[09:29] {ese} just watching that vad
[09:31] {Threei} GNBT Sees Favorable Results From MetControl Chewing Gum Bio-equivalency Study Leading to Global Product Submissions (0.62, 0.02, 3.33%)
[09:31] {level777} gnbt
[09:31] {Threei} for you L7
[09:31] {level777} TX
[09:32] {jfjf64} ung .51 entry here
[09:33] {ese} L Q's .50
[09:33] {Threei} IMAX... hits 52 week highs for some reason
[09:33] {wulff} morning...
[09:33] {Threei} wulff :)
[09:37] {Threei} WFC
[09:37] {Threei} .78 long if holding .70
[09:38] {magoo} in
[09:38] {nemo} in
[09:38] {jfjf64} in
[09:39] {nemo} out
[09:39] {Threei} no go
[09:42] {magoo} sheesh BAC
[09:43] {Threei} Long Setup: SLM .90 break
[09:43] {dino} ipcm
[09:43] {Threei} if holding above .80
[09:44] {magoo} in
[09:44] {Threei} not a scalp for me
[09:45] {ese} out q's .40 -.10
[09:45] {nemo} in .92
[09:46] {level777} 3i, u holding SLM for the day?
[09:46] {Threei} I don't think in terms of time... rather in terms of price
[09:46] {nemo} weird price action slm
[09:47] {Threei} offering half into jump over 10
[09:47] {Threei} 10.05
[09:47] {Threei} 1:1
[09:47] {fernp} out TY
[09:47] {Threei} :)
[09:47] {Threei} half out
[09:47] {Threei} offering 1/4 1.12
[09:48] {Threei} stop just under b/e
[09:49] {Threei} 1/4 more outmarket is disgustingly weak
[09:50] {Threei} ok, last 1.4 stop 9.95
[09:50] {Threei} no lose territory
[09:50] {Threei} offering .25
[09:51] {magoo} .24 lol
[09:53] {Threei} going to be stingy and trail stop to .99
[09:54] {Threei} and if I get shaken out by couple cents, let it be a lesson to all greedy souls out there
[09:54] {jfjf64} .26 l hpq
[09:56] {Threei} move little SLM, move
[09:56] {Threei} say what?
[09:57] {ese} are you in jf
[09:57] {jfjf64} not yet
[09:57] {jfjf64} little market help
[09:57] {Threei} never broke .25 still
[09:58] {Threei} there
[09:58] {ese} l hpq .27
[09:58] {Threei} yessss
[09:58] {Threei} out last part SLM .25
[09:58] {magoo} out .27 in full TY
[09:58] {Threei} +.33
[09:58] {jfjf64} nice
[09:58] {Threei} told ya was good for more than scalp
[09:58] {Threei} nice setup HPQ
[10:00] {Threei} don't sdo it to us SLM
[10:00] {magoo} i know
[10:00] {magoo} watching it
[10:00] {magoo} gonna go .80 area
[10:00] {Threei} if you go to 11 magoo will strangle me
[10:01] {magoo} looking for piano wire as u type :)
[10:01] {Threei} great... garotta trading
[10:01] {dino} sm l pnra .75
[10:02] {ese} hpq stop to .20
[10:02] {Threei} where is that guy who called SLM exit too soon? - he sleeps with fishes...
[10:02] {magoo} might be worth a reentry somewhere
[10:03] {Threei} next spike should taake HPQ into 1:1
[10:03] {ese} out hpq .35 +.08
[10:03] {ese} tks jf
[10:07] {Threei} if anyone held SLM longer good for you, but you are on your own... I held it way longer than I usually would with market dropping through all the supports with such ease
[10:07] {ese} gettin close to FITB entrys.....
[10:07] {vinod} 0ut SLM .40 thanks
[10:08] {Threei} GNBT Sees Favorable Results From MetControl Chewing Gum Bio-equivalency Study Leading to Global Product Submissions (0.62, 0.02, 3.33%)
[10:08] {Threei} welcome vinod
[10:10] {vinod} see you after 13.30 thanks for SLM
[10:10] {Threei} we will be here
[10:10] {Threei} SLM... graviity probably exists
[10:11] {dino} risky, sm l uthr .84
[10:12] {jfjf64} got knocked off server
[10:13] {Threei} FITB... you were right ese
[10:14] {dino} sorry jf, tripped on plug
[10:14] {jfjf64} lol
[10:14] {Threei} lol
[10:14] {nemo} tripped? right...
[10:15] {dino} y
[10:15] {jfjf64} vad gotta pay his server bill
[10:15] {Threei} dino is tippy today... first he tripped on market plug, and you can see wha happened... then he disconnected jf...
[10:16] {Threei} ekskuze me jf... it's not me who got disconnectted, right?? :)
[10:16] {jfjf64} i guess ya right
[10:16] {jfjf64} lol
[10:16] {Threei} :)
[10:16] {dino} too many chicken wings
[10:17] {jfjf64} vadd tk look ung any read there
[10:19] {ese} L fitb .94
[10:19] {dino} uthr to .44
[10:20] {Threei} not really jf
[10:20] {level777} tasr news?
[10:20] {Threei} TASR Hearing recent strength attributed to positive chatter involving sales licence for civil applications (4.68, -0.05, -1.06%)
[10:21] {Threei} right this minute
[10:21] {dino} out untr .47, +.63
[10:21] {jfjf64} nice dino
[10:22] {dino} ty
[10:23] {dino} ipcm double bottom in making perhaps
[10:23] {dino} kirk spikes 2nd day in row
[10:24] {magoo} tasr..a blast from past
[10:25] {level777} tasr . one of the all time traders
[10:26] {BillyD} Vad, LPSN low vol...any thoughts on break
[10:27] {BillyD} chart not the best
[10:27] {dino} ipcm sm l .98
[10:28] {Threei} can't twll Billy...
[10:29] {Threei} one pf those that can spike big or drop big in a blink of eye
[10:29] {Threei} and all thopse bids on Level 2 may disappear in a second
[10:30] {BillyD} lure of easy money.....hehe
[10:31] {jfjf64} .51 l ung
[10:32] {dino} cern
[10:36] {Threei} WFC was so tempting near .60 for double bottom
[10:37] {Threei} I resisted temptation
[10:37] {Threei} too bad, lol
[10:37] {jfjf64} hmmm
[10:38] {wulff} took .70
[10:38] {wulff} half left
[10:38] {Threei} on the way back up?
[10:38] {magoo} make the calls and keep the stops vad
[10:38] {wulff} yes
[10:38] {Threei} good one
[10:38] {wulff} uh huh
[10:39] {Threei} market was so soft at the time mags
[10:39] {Threei} that's what kept me from entry
[10:39] {wulff} based at 10:00 while the market fell
[10:39] {magoo} magoo faints
[10:46] {wulff} new high WFC
[10:47] {level777} gnbt at highs..
[10:48] {wulff} I'm high
[10:48] {magoo} RIMM vad
[10:49] {Threei} weak...
[10:49] {Threei} short if anything
[10:53] {magoo} i like it for bounce..way off i guess is my read
[10:53] {level777} SLM life
[10:54] {Threei} if market breaks out, RIMM is likely to bounce
[10:54] {Threei} otherwise, it's a short
[10:54] {jfjf64} watchin it 777
[10:56] {magoo} WFC ..always makes us regrett
[10:57] {wulff} yeah, new high
[10:58] {wulff} PALM double bottom
[11:02] {BillyD} FUQI has a little mojo
[11:02] {magoo} WFC may be good short if IF mkts pllbk
[11:02] {Threei} I still view RIMM as best candidate for that
[11:02] {magoo} ok
[11:03] {jfjf64} lkd that fuqi at .42 o well
[11:03] {magoo} no argument here
[11:03] {Threei} and PALM
[11:03] {Threei} .60 short
[11:04] {jfjf64} palm a call vad
[11:04] {Threei} (US) Pres Obama: Expect Climate Change Bill is expected to pass US Senate
[11:04] {dino} sm s kirk .69
[11:05] {Threei} unavailable
[11:05] {Threei} grrr
[11:05] {magoo} jesus...industry is crippled already..lets kick um
[11:06] {BillyD} amazing when no PALM shorts
[11:06] {Threei} and consumer on whome all that is going to be passed is insanely rich and willng to pay all the rising costs
[11:07] {Threei} RIMM
[11:07] {Threei} shoprt into this bounce
[11:07] {magoo} cant sh palm
[11:07] {Threei} stop .25 or so
[11:10] {BillyD} Vad, RIMM tgt is scalp or partial
[11:11] {Threei} I'll partial but it's fairly individual choice in this case
[11:11] {Threei} hard to judge
[11:11] {BillyD} ty
[11:11] {Threei} market consolidates near the high
[11:11] {Threei} and can stage another jump easily
[11:12] {jfjf64} .51 ung l will try 3rd time
[11:15] {magoo} may still be end qtr mark-up games vad
[11:17] {Threei} (US) Reportedly US Trade Panel has recommended additional duty on Chinese tire imports for period of 3 years
[11:17] {Threei} - Reminder: On June 18 -US trade panel (ITC) rules Chinese imports in tire market are hurting US industry; ITC votes 4-2
[11:17] {Threei} - ITC will recommend a level of tariffs or quotas that should be applied to Chinese imports
[11:17] {Threei} trade war
[11:18] {Threei} Recommends duty of 55% in year 1, 45% in year 2 and 35% in year 3 of duty
[11:21] {jfjf64} look hpq
[11:22] {wulff} WFC new...
[11:23] {Threei} Short Setup: MNTA .90 if stays under 12
[11:29] {jfjf64} wow hpq
[11:34] {BillyD} Vad, you get MNTA shares
[11:34] {Threei} yes
[11:34] {dino} zzzzzzzzzzzzzzzzzzzzzz
[11:34] {BillyD} where at
[11:34] {Threei} .92 mostly
[11:35] {BillyD} ok...
[11:35] {Threei} half covered .79
[11:37] {Threei} believe it or not, ARUN is back at it again
[11:38] {BillyD} everyday it seems
[11:38] {magoo} sh rimm .41
[11:41] {Threei} US Judge sentences Madoff to 150 years; maximum allowable.
[11:42] {nemo} I hope they put him in general population
[11:43] {Threei} FUQI... s'heesh
[11:44] {Threei} you don't want to hear me pronoucing that symbol
[11:44] {magoo} covered here .09..thats like, um, ewr, 40 cents
[11:44] {Threei} 1/4 more out MNTA
[11:44] {BillyD} nice magoo
[11:45] {BillyD} oh, and u 2 vad
[11:45] {magoo} prolly go loewre, but im scalpin
[11:45] {Threei} wow, nice drop RIMM
[11:46] {magoo} [11:39] {magoo} sh rimm .41
[11:51] {dino} pnra to .15
[11:53] {nemo} pnra to what?
[11:54] {nemo} nevermind, chart was back a few
[11:55] {Threei} VIX index reaches lowest level since before Lehman Brothers collapse
[11:55] {Threei} now trades a 25.65
[11:57] {Threei} MNTA stop to .81, and with any nw low will trail to .76
[12:02] {Threei} GE Obama administration has reportedly set new rules on efficiency for fluorescent and indandescent lights - unconfirmed report (
[12:04] {BillyD} KONG
[12:04] {Threei} yeah
[12:04] {Threei} another blast from the past
[12:05] {dino} ipcm stopped .74, -.24
[12:06] {Threei} OSTK Sales grew more than 3% (12.50, 0.39, 3.22%)
[12:07] {dino} pnra stopped .25, +.50
[12:07] {Threei} Billy Mays... what a week
[12:08] {Threei} extremely annoying voice, but sheesh
[12:08] {nemo} he was good though
[12:08] {Threei} out MNTA last portion
[12:08] {Threei} I guess
[12:17] {dino} esi sm l .97
[12:22] {nemo} rimm setting up for a short?
[12:22] {Threei} yes but under usual condition
[12:23] {nemo} expound please...
[12:23] {Threei} market...
[12:23] {ese} nah nah nah.....i'm watchin....still long intc avg .35 now
[12:23] {nemo} hey hey hey gooooood bye
[12:25] {ese} still long fitb as well at .94
[12:47] {Threei} yawn
[12:55] {dino} ditto
[13:05] {magoo} was out..we in anything
[13:05] {Threei} resounding no
[13:06] {magoo} besides recurring coma
[13:06] {nemo} wrong answer...coma
[13:06] {wulff} stop yawning, you are interupting my sleep
[13:06] {Threei} I am trying to diversify nemo
[13:06] {Threei} lol wulff
[13:10] {magoo} so im confused..we in comas or what
[13:11] {Threei} DOE to reportedly fast track solar energy on US land (related TAN FAN USO )
[13:11] {jfjf64} been gone while doesnt looked lk i missed anythin
[13:11] {Threei} how does USO spike on that?
[13:12] {Threei} F Exec: Auto sales could reach 10M unit pace in June (24.67, 1.10, 4.67%)
[13:12] {magoo} mkts open friday?
[13:12] {Threei} no
[13:12] {Threei} want to know who is coming on TV?
[13:13] {magoo} jerry springer
[13:13] {BillyD} yes, when is the LOST season premiere
[13:13] {jfjf64} slm
[13:14] {vinod} you guys are making lots of money?
[13:16] {jfjf64} .37 l slm
[13:16] {Threei} we are making a lot of snoring noise
[13:16] {BillyD} jf...where is your stop on SLM
[13:17] {jfjf64} tight 5 cents
[13:17] {vinod} it is summer time is the reason
[13:17] {jfjf64} no entry yet
[13:17] {BillyD} micro range....
[13:17] {Threei} plus short week, vinod
[13:18] {vinod} I made one trade SLM made $200 is ood enough for me
[13:18] {Threei} and to be fair, this situation would probably causde pause in market activity at any season
[13:18] {Threei} I mean, big rally,
[13:18] {Threei} running inti resistance,
[13:18] {Threei} very obvious "time for pullback",
[13:18] {Threei} market doing its best to go against the "very obvious"
[13:24] {wulff} Wife was carrying her iphone last night
[13:24] {wulff} and Obama start talking out of nowhere
[13:24] {wulff} some spam goverment sent.
[13:25] {wulff} STRANGE...freaked us out
[13:27] {Threei} you serious?
[13:29] {wulff} yes
[13:32] {ese} Hey everyone....have to leave you all until tomorow.....or maybe a little later on...cya
[13:32] {Threei} taje care ese
[13:32] {BillyD} bye ese
[13:32] {ese} cya guys
[13:33] {dptl} have a good evening all
[13:33] {dino} cya
[13:33] {Threei} what evening? it's 10:30 am
[13:33] {jfjf64} later
[13:33] {Threei} dp... stop drinking so early
[13:33] {Threei} or so late
[13:34] {dptl} lol
06[13:34] * Threei slaps dptl around a bit with a large wrist watch
[13:34] {dptl} :) see ya tomorrow all
[13:34] {nemo} rimm vad
[13:35] {Threei} sliding slowly with market...
[13:35] {Threei} no play really
[13:35] {nemo} looks like db
[13:35] {Threei} F interesting strength
[13:35] {jfjf64} trw
[13:36] {Threei} Exec: June auto sales have fallen by as little as 10%; less than 20%; Auto sales could reach 10M unit pace in June; market share higher y/y at approx 13.5%
[13:36] {Threei} - Note: the Ford sales analyst on 5/29 noted that the sale rate could approach 10M;
[13:37] {dino} last try ipcm l .03
[13:54] {Threei} AVNR is one of those irritating all day every day climbers
[14:03] {magoo} mkts gonna rot or reverse vad
[14:03] {Threei} for sure
[14:03] {magoo} ty
[14:03] {nemo} runnin' for office vad?
[14:03] {Threei} AMZN Reportedly cuts off affiliates in Rhode Island (21.06, 0.42, 2.03%)
[14:03] {Threei} huh?
[14:03] {Threei} what did Rhode island do to amazon?
[14:04] {nemo} sales tax issue
[14:04] {Threei} - Note: Earlier AMZN disclosed it had cut off affiliates in California and North Carolina due to sales tax bills on e-commerce
[14:04] {Threei} got it
[14:05] {Threei} what does amazon do if whole country goes that way?
[14:05] {nemo} They were giving commissions to affiliates on click through purchases
[14:05] {Threei} right
[14:06] {nemo} If the affiliate was in Rhode Island, and the end customer clicked through the affiliates website to Amazon, the affiliate got a piece of the action. Well, states have deemed amazon to be a distributor, and the affiliate to be the retail outlet, and they want their sales tax.
[14:07] {nemo} Amazon doesn't want to code their system to negotiate the fragmented sales tax regimes across the country
[14:08] {Threei} so, one thing I want to know abut Madoff case
[14:09] {Threei} he goes to jail, fine... what about SEC??
[14:09] {Threei} no one gets punished?
[14:10] {dino} correct. all these regulators and rules that were never enforced
[14:10] {magoo} i hear they are blaming martha stewart]
[14:11] {level777} How about when they fine co's millions for wrongdoing...% should go to investors that were the ictum of it...but..
[14:12] {level777} victim
[14:12] {dino} usually goes to govt and atty
[14:14] {jfjf64} trw l.37
[14:20] {vinod} Vad Abolish SEC; let investor know that everything goes here.
[14:22] {dino} ipcm stop to .23
[14:23] {dino} out ave .21, +.18
[14:33] {wulff} aapl seems ready to pop...maybe
[14:35] {dino} ghm l .42
[14:44] {magoo} hey vad..since its so slow..u offering a summer months room discount lol
[14:45] {Threei} yup... doubles mothly payment just by 50% instead of planned double
[14:45] {Threei} umm... let me try again
[14:45] {Threei} yup... increases monthly payment just by 50% instead of planned double
[14:46] {Threei} there...
[14:50] {vinod} buy one get one free likw WALMART
[14:50] {Threei} walmart model is not too good for America... so I came up with another:
[14:50] {Threei} Buy one, buy second for double price
[14:51] {Threei} this way you get whole two items for the price of merely three
[14:51] {nemo} yep...he's running for office
[14:54] {vinod} sound like politician in MA
[14:55] {nemo} As Deval get's set to sign the tax increases
[14:55] {vinod} and he said it is best thing for people in MA
[14:56] {nemo} you been following that Globe guy's articles on pension abuses....geez
[14:56] {vinod} ye, i do follow in very detail
[14:57] {dino} qcom sm l .00
[15:12] {Threei} Long Setup: AGII .40 break in stays above .30
[15:16] {Threei} DELL WSJ: Company developing a pocket sized internet device
[15:16] {Threei} - Dell device slightly larger than i-pod touch and utilizes Google Android software (13.87, 0.19, 1.39%) (related GOOG )
[15:28] {level777} what an exciting day
[15:28] {nemo} gotta' get out more L&
[15:29] {nemo} L7
[15:29] {dino} ghm out ave .54, +.12
[15:29] {Threei} I may have to hire a clown next Monday
[15:30] {nemo} sticking your chin out there Vad....
[15:30] {Threei} not really, trout is unholstered
[15:30] {magoo} trout????
[15:30] {Threei} uh oh
06[15:31] * nemo slaps magoo around a bit with a large trout
06[15:31] * magoo slaps Threei around a bit with a large trout
[15:31] {Threei} unleashing the monster
06[15:31] * magoo slaps BillyD around a bit with a large trout
06[15:31] * magoo slaps jfjf64 around a bit with a large trout
06[15:31] * magoo slaps nemo around a bit with a large trout
06[15:31] * nemo crawls into cave....closes door...pulls blanket over head
[15:32] {nemo} this trading range is tighter than a vir....nevermind
[15:33] {level777} eyeballin cdii
[15:33] {dino} lol
[15:35] {dino} kirk stopped -.31
[15:46] {Threei} AIG today is unusually perky... whole 12 cents range
[15:49] {Threei} wow
[15:50] {Threei} maybe let's short it?
[15:52] {Threei} feel free to scratch AGII
[15:52] {dino} qcom stopped .95 -.05
[15:53] {vinod} have a nice evening will bother vad tomorrow
[15:54] {Threei} sure
[15:54] {Threei} feel free :)
[15:54] {Threei} I am botherable
[15:58] {Threei} okay guys
[15:58] {Threei} thank you all
[15:58] {Threei} have a great evening
[15:58] {Threei} see you tomorrow
[15:58] {BillyD} ty
06[15:58] * magoo slaps Threei around a bit with a large trout
[15:58] {dino} done here too, thx all
[15:58] {Threei} sigh
[15:59] {Threei} last abuse befor leaving for the night
[15:59] {fernp} good evening all
06[15:59] * Threei slaps magoo around a bit with a large list of abuses he had to endure
[15:59] {magoo} that i had to endure?
[16:00] {Threei} he = threei
[16:01] {Threei} APOL
[16:01] {Threei} APOL Reports Q3 $1.26 v $1.12e, R$1.05B v $1.03Be
[16:01] {Threei} - Q3 New Student starts % y/y (65.99, -2.51, -3.66%) (related COCO CECO ESI DV STRA SLVN )
[16:01] {Threei} Q3 New Student starts +23% y/y
[16:02] {Threei} good thing APOL didn't miss, would have been at 30 by now

Friday, June 26, 2009

Jun 26 2009

Very narrow day with few opportunities. Thankfully we got our winning plays on PALM and TIBX early on.

Session Time: Fri Jun 26 00:00:01 2009

[08:01] {BillyD} good morning
[08:03] {nemo} mornink
[08:11] {Threei} Good morning
[08:11] {BillyD} vad
[08:13] {Threei} General Motors Corp Update: China's NDRC to likely reject Tengzhong's bid to buy Hummer brand - State radio
[08:13] {Threei} - The planner, the National Development and Reform Commission (NDRC), is worried that Sichuan Tengzhong Heavy Industrial Machinery, which makes special-use vehicles and highway components, does not have the experience and resources to run the Hummer business, the report said.
[08:13] {Threei} - Besides, Hummer, as an expensive, gas-guzzling sports utility vehicle, would not fit in with the government's policy of encouraging energy-efficient vehicles, the radio said.
[08:13] {Threei} there... that's where we are headed
[08:14] {Threei} government telling busnesses what to produce and what not
[08:14] {BillyD} China's way of life
[08:15] {BillyD} Vad, have you bought a new PC in last couple of years
[08:18] {Threei} it was custom built... why?
[08:19] {BillyD} wanted to see if you notice performance difference, thinking about upgrading here
[08:19] {BillyD} mine is 6 yrs old
[08:19] {BillyD} I think I need a better processor
[08:19] {Threei} what's processor speed and RAM?
[08:20] {BillyD} 2.4 mhz w/ 1GB
[08:20] {nemo} graphics capabilities?
[08:20] {Threei} doesn't sound inadequate for trading purposes to me
[08:20] {BillyD} 1 agp w/dual 64MB each & a third PCI card 8MB
[08:21] {BillyD} quotes will freeze when heavy volume comes in at times
[08:21] {nemo} that pci I card stretched a bit?
[08:21] {Threei} mine is more powerful but I do a lot of photoediting
[08:21] {Threei} pci card sounds a bit low, yeah
[08:21] {nemo} BillyD, do you know what the Buss speed is
[08:22] {BillyD} yes on pci card, a PC guy told me that it was more of different drivers causing problems verses the *MB card
[08:22] {BillyD} no nemo, but my RAM is DDR 2700
[08:22] {nemo} Well, that would also be affected by the size of monitor you're running
[08:22] {nemo} That's a fairly slow buss speed
[08:23] {BillyD} have 3 19" monitors
[08:23] {BillyD} yes to slow on buss speed
[08:23] {nemo} Yeah, that might be tough on that 8 mg card
[08:23] {nemo} You windows based
[08:23] {BillyD} yes XP
[08:23] {BillyD} original installation
[08:23] {BillyD} 6 yrs agao
[08:23] {BillyD} lol
[08:23] {nemo} My only thought would be to try and hold out until the next operating system in September?
[08:24] {BillyD} what is it?
[08:24] {nemo} Windows 7
[08:25] {BillyD} typically, 1st version has so many bigs
[08:25] {Threei} yeah... early adoper = guinea pig
[08:26] {nemo} I don't disagree, but 6 years is pretty old...he's getting to the end of that thing
[08:27] {BillyD} last of the mohicans
[08:27] {vinod} GM to all let make it a good friday mney wise
[08:28] {Threei} vinod :)
[08:30] {Threei} *MAY PERSONAL INCOME: 1.4% V 0.3%E; PERSONAL SPENDING: 0.3% V 0.3%E
[08:30] {Threei} - Prior Personal Income revised from 0.5% to 0.7%
[08:30] {Threei} - Prior Personal Spending revised from -0.1% to 0.0%
[08:30] {Threei} MAY PCE CORE M/M: 0.1% V 0.1%E, PCE CORE Y/Y: 1.8% V 1.8%E; PCE DEFLATOR Y/Y: 0.1% V 0.1%E
[08:41] {Threei} BLUD Halted, news pending (16.09, 0.00, 0.00%)
[08:41] {Threei} Responds to FDA notice
[08:41] {Threei} - yesterday the FDA, in an administrative action based on an early January 2009 inspection, issued a notice of intent to revoke the Company''s biologics license with respect to its Reagent Red Blood Cells and Anti-E (Monoclonal) Blood Grouping Reagent product.
[08:41] {Threei} - The FDA has not ordered the recall of any of the Company''s products.
[08:41] {Threei} - Per the FDA''s letter, the Company has 10 working days to respond to the FDA''s administrative action and 30 days to submit a remediation plan. The Company will use the extensive remediation work already underway and already documented in detail to the FDA to facilitate its response.
[08:41] {fernp} good morning everybody
[08:41] {Threei} fern :)
[08:44] {BillyD} nemo, you oretty technical PC person
[08:44] {Threei} and very annoying
[08:44] {BillyD} lol
[08:44] {Threei} oops... did I say it our loud?
[08:44] {nemo} relatively...I've put them together from scratch, and done board level chip replacements
[08:44] {nemo} soldering, that is
[08:44] {BillyD} see dcc
[08:45] {nemo} nothing on dcc
[08:46] {BillyD} try now
[08:49] {Threei} GOOG CEO: See current financial crisis as 'largely behind us'
[08:49] {Threei} feeling better?
[08:51] {Alw} good morning all
[08:54] {Threei} Alw :)
[08:56] {vinod} NEMO-you were a tech?
[08:56] {nemo} by necessity
[08:57] {magoo} mornimg
[08:57] {vinod} I spend 10 year traing people to do that woek in my younger days
[08:58] {nemo} I also worked in operations years ago. Unix SPARC installations
[08:59] {vinod} frist training class I held was on 8080 than Z80
[08:59] {Threei} magoo :)
[08:59] {nemo} Wow! that's going back a while
[09:00] {vinod} at wang lab
[09:01] {level777} Palm shot over 16 last night, anyone know the high?
[09:03] {magoo} obviously palm, stalking othersvad?
[09:04] {Threei} Thursday, June 25, 2009 4:05:10 PM
[09:04] {Threei} Palm, Inc Reports Q4 -$0.40 (adj) v -$0.62e, R $86.8M v $80.1Me
[09:04] {Threei} - On a non-GAAP basis, Adjusted Revenues in Q4 totaled $113.2M.
[09:04] {Threei} - Q4 gross margin 26.8% (adj) v 25.2% y/y
[09:04] {Threei} - Q4 smartphone sell-through 460K units (-52% y/y)
[09:04] {Threei} - Q4 shipped smartphones 351K units +6% q/q, -62% y/y
[09:04] {Threei} Palm, Inc CFO: Expects adjusted gross margin over time to be above 30%, expects to turn cash-flow positive by 2H of 2010 - conf call
[09:04] {Threei} - Sees expenses rising from Q4 levels
[09:04] {Threei} - Expects GM to grow to over 30%
[09:04] {Threei} - Focusing on smart phones
[09:04] {Threei} - To continue developing software and applications, will offer app updates free of charge
[09:04] {Threei} - Will expand developer base from hundreds to thousands
[09:04] {Threei} - Says no plans to raise fresh capital; currently capital is "absolutely sufficient."
[09:04] {Threei} - Sees significant "enterprise interest" in Pre
[09:04] {Threei} - Profitability on non-gaap basis likely when cash flow break even is reached
[09:05] {Threei} Palm, Inc Price Target raised to $23 from $16 at BofA/Merrill Lynch, maintains Buy rating
[09:05] {Threei} - Analyst cites new Pre smartphone's strong start at Sprint with accelerating demand and outstripping supply. Newsflow could remain strong with international launches of Palm Pre and other products this year, and multiple carriers in early next year
[09:05] {Threei} - Adds Pre's operating system uses standard web tools that makes it easy to write applications; could see exponential growth in apps
[09:10] {dino} gm all
[09:10] {nemo} Wow...early dude
[09:10] {Threei} 9:06:53 AM
[09:10] {Threei} NYSE discloses computer glitch is affecting trading on 565 stocks
[09:10] {Threei} oh good
[09:10] {Threei} dino :)
[09:11] {ese} good morning
[09:12] {Threei} ese :)
[09:13] {ese} mixed bag this morning?
[09:13] {Threei} pretty much
[09:14] {Threei} look dcc please
[09:14] {level777} blud trading
[09:14] {ese} anything interest you vad
[09:14] {Threei} PALM
[09:14] {Threei} BLUD
[09:15] {Threei} hmmm... I'd expect it drop more
[09:15] {dino} bloody blud
[09:15] {magoo} vad, news POT MON FSLR?
[09:15] {dptl} good morning all
[09:16] {Threei} Yesterday 18:05 POT Cuts Q2 guidance to $0.70 from $1.10-1.50 v $0.88e
[09:16] {Threei}
[09:16] {Threei} dp :)
[09:16] {Threei} Yesterday 09:51 PS4.GE Lowers FY09 EBIT guidance; Holds Rev target at 520M v 505.9Me
[09:16] {Threei} - States that prior EBIT guidance at 31M no longer achievable (current estimate 30.6Me)
[09:16] {Threei}
[09:16] {ese} ya....blood helped me loose some money years go when i was in the buy and hold part of my trading career
[09:17] {level777} ISTA halt?
[09:17] {ese} TIBX breaking out of 2 month trading range
[09:18] {Threei} ISTA yes
[09:18] {level777} wow
[09:19] {Threei} Yesterday 16:17 TIBX Reports Q2 $0.11 v $0.09e, R $142.7M v $139.4Me
[09:19] {dino} buy and hope you mean
[09:19] {Threei} Yesterday 16:48 TIBX Guides Q3 $0.09-0.11 v $0.10e, R $140-147M v $146.3Me - conf call
[09:19] {Threei} - Notes visibility remains limited
[09:19] {Threei} ese, look dcc please
[09:19] {ese} yup
[09:19] {level777} these halts cause more wild volatility than anything
[09:22] {dino} agreed
[09:22] {Threei} dp, look dcc please
[09:27] {Threei} so far, PALM and TIBX are main candidates
[09:28] {Threei} want pullback on both
[09:28] {jfjf64} mornin boys
[09:28] {Threei} jf :)
[09:29] {ese} jjjjjjjffffffffff!!!!!!!!
[09:30] {Threei} whoa PALM
[09:30] {Threei} don't get ahead of yorself
[09:30] {Threei} TIBX, 7 is nearest support
[09:31] {Threei} ok, let's try to get them when they stabilize
[09:31] {vinod} PALM good candidate for short
[09:31] {Threei} Long Setup: TIBX .05 break
[09:31] {Threei} stop under 7
[09:32] {nemo} too fast
[09:32] {magoo} no chance
[09:32] {Threei} Long Setup: PALM .30 break
[09:33] {Threei} if holding .15
[09:34] {magoo} in p
[09:35] {vinod} i was in TIBX 7.07
[09:35] {ese} L qqqq .13
[09:35] {magoo} nice
[09:35] {Threei} you have over 1:1
[09:35] {Threei} PALM 1:1 half out
[09:35] {magoo} out .54 TY vad
[09:35] {magoo} was waiting thgere
[09:35] {ese} out qqqq.21 +.08
[09:36] {BillyD} out both ty Vad
[09:36] {Threei} :)
[09:36] {magoo} billy bob wtg:)
[09:36] {vinod} out .20
[09:36] {BillyD} :)
[09:36] {jfjf64} nice ty
[09:36] {vinod} ty
[09:36] {Threei} good reflexes guys
[09:37] {BillyD} Had to hit that TIBX fast
[09:37] {Threei} PALM stop for the balance right under b/e
[09:37] {jfjf64} waslittle crazy
[09:37] {magoo} is there news FSLR vad?
[09:38] {level777} GNBT
[09:38] {Threei} nothing fresh
[09:38] {jfjf64} caei.15 break guys
[09:38] {magoo} ok ty..its been raped last 5 days
[09:38] {level777} GNBT action usually prelude to news
[09:38] {Threei} so why do you ask for news today?
[09:39] {nemo} Consumer confidence in a few, that will likely move the averages
[09:39] {magoo} see if something came out
[09:39] {level777} btw, thanks for the Palm call 3i :)
[09:39] {Threei} :)
[09:39] {Threei} CAEI is former RCH
[09:39] {magoo} POT been raped last 5 days too...and there is NEW news
[09:39] {Threei} chinese construction company
[09:39] {Threei} anyone got trout handy?
06[09:39] * nemo slaps magoo around a bit with a large chinese construction company
[09:39] {Threei} feel free to unleash it on magoo, I'll owe you
[09:40] {Threei} rofl
[09:40] {Threei} that was good one nemo
[09:40] {magoo} :)
[09:41] {jfjf64} what timme is it in china this guy sleepin
[09:42] {BillyD} had a feeling TIBX had more
[09:42] {dino} amcn
[09:42] {jfjf64} blud .22
[09:42] {BillyD} PALM distracted me a bit
[09:42] {KSystems} gooooooooood morning!
[09:42] {dino} pot lowered guidance to .70 from .92
[09:43] {Threei} KS :)
[09:43] {jfjf64} .17 blud
[09:44] {jfjf64} half out
[09:44] {jfjf64} out
[09:45] {jfjf64} ouch
[09:45] {Threei} MNTA.... sigh
[09:45] {jfjf64} never learn
[09:45] {ese} an object once in motion........still long intc
[09:46] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrr
[09:46] {jfjf64} rrrrrrrrrrrrrrrgggggg
[09:49] {BillyD} SPPI....bit jumpy in nature
[09:49] {jfjf64} jazz.16 here
[09:52] {jfjf64} market push here pls
[09:52] {nemo} 3 more minutes
[09:52] {jfjf64} ty let me get some coffee
[09:53] {jfjf64} all that jazz ese
[09:53] {level777} Palm re-enter thoughts?
[09:53] {jfjf64} lol
[09:53] {Threei} seems to move with market
[09:54] {BillyD} BLUD entry somewhere?
[09:54] {ese} ya jazzed me for -$114.00 a week or so back
[09:55] {Threei} - 1 yr median inflation expectations at 3.1% v 2.8% May
[09:55] {Threei} not sure Billy
[09:55] {BillyD} it's tough due to dumper status
[09:56] {level777} Palm nice dump
[09:59] {Threei} bounce-ready
[09:59] {Threei} first help by market and PALM should give a scalp'
[09:59] {Threei} in .93
[09:59] {jfjf64} k
[09:59] {Threei} stop .85
[10:00] {level777} missed
[10:00] {Threei} half out
[10:01] {level777} nice
[10:01] {jfjf64} nice vad
[10:01] {Threei} 1/4 more out .11
[10:01] {BillyD} gj Vad...couldn't get a good read on it
[10:01] {jfjf64} great entry
[10:01] {magoo} out .11..caught .98 TY
[10:01] {nemo} amazes me how he does tht
[10:02] {Threei} easy... I don't think
[10:02] {BillyD} TIBX maybe at B?O held .30 w/ mkt selling
[10:02] {Threei} it's eye-finger process, no brain inbetween
[10:02] {level777} oh, my wife says im good at that too
[10:02] {nemo} too visceral
[10:02] {nemo} yeeech
[10:02] {jfjf64} vip tk look at
[10:02] {BillyD} Vad, TIBX thoughts here
[10:02] {Threei} trying to gauge..
[10:02] {jfjf64} .22 trigger
[10:03] {Threei} chart is right, stock is wrong
[10:03] {Threei} this is not a breakout stock
[10:03] {BillyD} ok
[10:03] {Threei} my approach would be,
[10:03] {Threei} let it break,
[10:03] {Threei} wait for shakeout
[10:03] {Threei} try to get in when stops are hit and break buyers are shaken out
[10:03] {BillyD} near .30 arae
[10:03] {Threei} and if you miss, so be it
[10:04] {Threei} out PALM in full
[10:04] {Threei} +.30
[10:08] {jfjf64} vip invalid here
[10:10] {BillyD} LEN maybe short candidate
[10:11] {BillyD} if forms range here and under 9
[10:14] {jfjf64} with ya billy d s .98 trigger
[10:15] {jfjf64} this min lets go
[10:15] {jfjf64} .99
[10:16] {dino} pnra sm l .50
[10:17] {jfjf64} cant gv this up
[10:21] {dino} wynn sm l .50 wide
[10:24] {dino} cedc sm l .90 trig wide/whippy
[10:29] {BillyD} not sure I like LEn as much
[10:30] {Threei} PALM, fast pullback closer to .40 from here is long entry
[10:32] {BillyD} what would be stop on PALM
[10:32] {Threei} asking too far in advance :)
[10:33] {Threei} at this point it's more of a trading idea than exact setup
[10:33] {BillyD} got it
[10:34] {Threei} ISTA Pharmaceuticals FDA panel discloses eye drops as safe and effective, vote 7-0
[10:34] {Threei} - Dermatologic and Ophthalmic Drugs Advisory Committee Unanimously Recommends Bepreve(TM) for the Treatment of Ocular Itching Associated with Allergic Conjunctivitis'
[10:34] {Threei} - The Committee voted unanimously 7 to 0 in favor of approving Bepreve after reviewing comprehensive safety and efficacy data from ISTA''s clinical program.
[10:34] {Threei} - Although the FDA is not required to follow the Committee''s guidance, the Agency usually considers the Committee''s recommendation when evaluating pending applications. The FDA has assigned a Prescription Drug User Fee Action Date of September 12, 2009.
[10:36] {level777} i traded ista last 2 days...took home zero!!
[10:36] {dino} as swiper would say; ohhh mannnnn
[10:37] {level777} at least i didnt need to stress over the halt..might've been worth it
[10:37] {Threei} ISTA will open at 11
[10:37] {level777} wow $11
[10:38] {magoo} palm no pull
[10:39] {Threei} at 11:00 l7!
[10:39] {Threei} lol
[10:39] {Threei} as in 11 o'clock
[10:39] {level777} now, if it opens at $11, what are you gonna say? :)
[10:40] {Threei} ummm... call myself a prophet? :)
[10:40] {level777} pure genius
[10:40] {nemo} super genius
[10:40] {level777} put that call up front on ur website
06[10:40] * Threei is blushing
[10:43] {dino} cedc stopped
[10:43] {dino} -.38
[10:48] {Threei} MTXX Hearing strength attributed to chatter of possible sale of distribution or production units (39.17, -0.32, -0.81%)
[10:57] {Threei} this headline is ultimate manifestation of irony
[10:57] {Threei} Hamas leader: Obama must do more for peace
[10:57] {wulff} amazing pick on the PALM bottom
[10:58] {Threei} ty... not so much on exit though, lol
[10:58] {wulff} oh what problems
[10:58] {Threei} ISTA is getting ready
[11:00] {jfjf64} lost connection heavyy rain thunder
[11:02] {jfjf64} chs s.27
[11:04] {dino} lol hamas, like stopping suicide bombers would do nothing
[11:06] {magoo} we in anything distractted
[11:06] {dino} pwrd
[11:07] {jfjf64} half out
[11:07] {magoo} dam PALM
[11:07] {Threei} no mags
[11:08] {jfjf64} stop to .25
[11:10] {level777} the halt on ISTA really protected shareholders that bot the big gap open
[11:12] {Threei} PALM looks determined
[11:13] {magoo} i was just thinkin 17
[11:13] {jfjf64} wish i was still in
[11:15] {level777} 16.74
[11:16] {jfjf64} out
[11:18] {jfjf64} blud looks lk has gas missed entry at .25
[11:18] {BillyD} MDRX low of day
[11:18] {BillyD} maybe short
[11:21] {jfjf64} this blud wants me in pullbacked .25 im a taker
[11:25] {dino} long at .25 jf?
[11:26] {jfjf64} yeah out .35
[11:26] {level777} ista climbing up slowly but...
[11:26] {Threei} US House clears procedural vote, allowing formal debate over climate change and energy bill
[11:26] {dino} ok, gj
[11:27] {nemo} They pass that, we're {insert negative expletive here}
[11:27] {jfjf64} bwen .21 triggerr mamma need pair of shoes lol
[11:27] {dino} pappa too
[11:28] {jfjf64} yup yup
[11:28] {dino} pnra, in my best reagan voice, "teart down that 51.00 wall"
[11:29] {jfjf64} here ya go dino ya in this
[11:30] {magoo} .
[11:30] {jfjf64} bwen with market
[11:30] {dino} tear
[11:30] {dino} .
[11:30] {dino} .
[11:30] {dino} ok
[11:30] {patience} .
[11:30] {nemo} ?
[11:30] {dino} just had internet failure
[11:31] {dino} i guess connection failure more like it
[11:32] {dino} giddy-up market
[11:34] {jfjf64} 1/1
[11:34] {nemo} did you have a stop?
[11:35] {jfjf64} .25
[11:35] {nemo} is this bwen?
[11:35] {jfjf64} y
[11:35] {dino} pnra stop to .10
[11:36] {jfjf64} nice dino
[11:36] {jfjf64} all out
[11:37] {dino} ty
[11:37] {dino} pwrd strong
[11:37] {jfjf64} look at vol bars real nice
[11:41] {dino} pnra stopped slipped ave .07, +.57
[11:41] {nemo} another one where you got less than a $ dino
[11:42] {dino} losing my touch i guess
[11:42] {dino} different market lately, imo
[11:43] {dino} wynn to flaty
[11:43] {dino} out
[11:43] {nemo} aw come on...except for that one day a couple of weeks ago, you've been as consistent as always
[11:43] {dino} like wynn better around 36.00
[11:44] {dino} ty nemo, just doing smaller daily #s lately
[11:44] {nemo} summer too
[11:45] {dino} as run dmc would say; "it's tricky"
[11:45] {jfjf64} im sick i was watchin jazz earlier 4.15 break lost connection tk look wow
[11:45] {dino} hitting lod's
[11:46] {jfjf64} vad here or sleepin
[11:46] {nemo} coma
[11:47] {jfjf64} lol
[11:47] {Threei} ty nemo
[11:47] {Threei} saving me typing
[11:47] {jfjf64} long week
[11:47] {nemo} yw
[11:47] {Threei} the problem with your question jf:
[11:47] {Threei} you put it as if there was contradiction
[11:47] {Threei} either/or
[11:48] {Threei} in fact, it's both
[11:48] {Threei} here and sleeping
[11:48] {jfjf64} lol
[11:48] {Threei} and that's how I trade day in day out, for many years
[11:49] {jfjf64} this blud seems lk it gonna go again
[11:49] {Alw} Vad What are you looking for in ISTA?
[11:50] {Threei} nothing really, I don't like it
[11:50] {Alw} ok
[11:51] {dino} jf, don't you mean this bud's for you
[11:51] {jfjf64} lol
[11:51] {nemo} vampire drink "This blud's for you"
[11:51] {dino} ahhh, thinking of sookie
[11:52] {nemo} huh?
[11:52] {dino} wynn rinsed
[11:52] {jfjf64} .37 trigger last trade for me kids last day of school
[11:52] {dino} sookie stackhouse, true blood series
[11:53] {nemo} oh...never seen it
[11:53] {jfjf64} bud bud go bud
[11:54] {dino} books- dead in dixie, etc
[11:55] {jfjf64} 1/1
[11:56] {jfjf64} 1/4out
[11:56] {dino} gj blud
[11:56] {jfjf64} stopto 50
[11:56] {BillyD} nice jf
[11:57] {jfjf64} see what happns kids will hv to wait
[11:57] {BillyD} lol
[11:58] {jfjf64} wish i hd a bud
[11:59] {Threei} want me to tell you who is on TV?
[11:59] {dino} no
[11:59] {nemo} I don't dare hazard a guess
[11:59] {jfjf64} stop to .55 now thanks vad
[12:00] {Threei} hmm?
[12:00] {wulff} when you grabbed that palm, was high volume a clue?
[12:00] {Threei} you are welcome of course
[12:00] {Threei} but for what?
[12:00] {wulff} or a pause
[12:00] {jfjf64} pres on tv all red bars know
[12:04] {jfjf64} out
[12:04] {jfjf64} thats it for me guys enjoy weekend ty vad
[12:05] {Threei} take care jf, have a great one
[12:05] {Threei} good job
[12:05] {dino} cya jf
[12:05] {Threei} as I said yesterday,
[12:05] {Threei} your progress in just couple month is incredible
[12:06] {jfjf64} thanks to you and this room ty again
[12:06] {dino} gj
[12:06] {Threei} feels like you are natural, just needed somestructure and discipline
[12:06] {Threei} and trout
[12:07] {jfjf64} dont understand this trout thing but we got time to work on that
06[12:07] * BillyD slaps jfjf64 around a bit with a large trout
[12:07] {Threei} there
[12:07] {Threei} understand this
[12:08] {dino} better not to understand
[12:08] {BillyD} something to study over weekend :)
[12:08] {Threei} hehe
[12:08] {Threei} room is all too willing to provide the material
[12:09] {jfjf64} enjoy my kids starvin upstairs they will tell mom i dont feed them while she at work see ya monday
[12:11] {dino} :)
[12:19] {BillyD} mkt seems just a tad more festive w/ follow thru buyers
[12:20] {BillyD} on certain stocks
[12:24] {dino} scanners all green
[12:32] {dino} pwrd s .41
[12:34] {Threei} (RU) Russia Pres Medvedev affirms Russia's involvement in OPEC is solely as an observer (related USO )
[12:34] {Threei} as in "we are watching you"?
[12:35] {BillyD} Vad,u been there in a while
[12:35] {Threei} not since 1996
[12:35] {BillyD} when did you leave
[12:36] {Threei} in 1996
[12:36] {Threei} lol
[12:36] {BillyD} lol
[12:36] {BillyD} could you return w/ no issues
[12:36] {BillyD} to visit
[12:36] {Threei} at this point, I think so
[12:37] {Threei} all problematic figures who were "in play" when I was there are dead or jailed or out of business in some other way
[12:37] {BillyD} hmmmm....and you are in CA
[12:38] {Threei} the tough time was first two-three years
[12:38] {Threei} and I had to go back in 6 months after leaving, to settle some issues
[12:38] {BillyD} is your family still there
[12:39] {Threei} the guy who ran mafia protection and served as my "roof" was shot dead two weeks before that
[12:39] {BillyD} sacry
[12:39] {Threei} which created huge problem
[12:39] {Threei} and the way I solved it is a whole story
[12:39] {Threei} no, don't have anyone there anymore
[12:39] {level777} there is no mafia.. an old wives tale
[12:39] {level777} ima keepa my eye ona you now
[12:39] {Threei} right
[12:42] {Threei} what's with OXGN?
[12:42] {Threei} no news that I see
[12:44] {Alw} Does most of the Russian people speak English?
[12:45] {Threei} no
[12:46] {Threei} Russia was never really open country with a lot of foreign language used, not since revolution
[12:46] {Threei} and before revolution, French and German were more prevalent
[12:47] {Alw} Ok - when I went to Europe I found most people spoke better English than me
[12:49] {dino} cov pwrd .39, +.02 not moving, mkt going up
[12:51] {dino} sure now it drops
[12:53] {nemo} pwrd is a nice dbi setup
[12:55] {level777} whats dbi
[12:56] {nemo} Drop Base Implosion....stock has a downleg, then flat for a while, and then implodes downward
[12:57] {nemo} PWRD had a big run, a down leg, and is running flat...the question, does it drop?
[12:57] {dino} just did, after i covered
[12:59] {dino} syut
[13:02] {ese} anybody on the board from Seatle
[13:02] {ese} was never away
[13:02] {dino} pa
[13:02] {ese} wa
[13:03] {ese} just wanted to know if you knew anything about Tom Bihn luggage, bags. cases accessories etc etc
[13:06] {ese} just realised i resent being called an "idler" man......i'm workin!!! whats with that anyway
[13:06] {dino} lol es
[13:07] {dino} better than slacker
[13:07] {Threei} and slacker is claimed by me
[13:07] {ese} was just to get vad riled up.....not workin....he's calm and cool
[13:07] {Threei} it's a side effect of coma
[13:08] {dino} i'm kicking the scanners shouting spit something out
[13:08] {dino} syut a bit gappy
[13:08] {dino} jumps again
[13:08] {nemo} summer friday afternoon
[13:08] {Threei} I quit doing that dino... my scanner answered me once, and it was not pretty
[13:09] {dino} if i was up more, i'd go mow the lawn
[13:11] {dino} ostk
[13:16] {ese} have a meeting all.......last day of school see ya monday
[13:16] {Threei} take care ese
[13:16] {ese} see ya vad
[13:17] {Alw} Is cpd a possible jbe?
[13:18] {Threei} formally, yes... in practice, very questionable
[13:19] {Threei} Market impact of Climate Bill vote (American Clean Energy and Security Act of 2009)
[13:19] {Threei} **it appears the 3 hour debate on the climate bill has begun in the House at 1pmET, implying that a final vote might come late this afternoon
[13:19] {dino} l rht .93
[13:19] {Threei} **Specifics of the legislation:
[13:19] {Threei} - Requires a 17% emissions reduction from 2005 levels by 2020.
[13:19] {Threei} - Requires renewable electricity mandate stating each electricity provider who supplies over 4M MWh must produce 20%of its electricity from renewable sources by 2020. (5% of this standard can be met through energy efficiency savings, as well as an additional 3% with certification of the Governor of the state in which the provider operates).
[13:19] {Threei} - Failure to meet said requirements results in fines of $0.02/KWh that will be adjusted upward with inflation.
[13:19] {Threei} - Allocates funding for modernization of grid system ("smart grid"), expansion of electric vehicle production, and sets guidelines for additional energy efficiency in new building projects.
[13:19] {Threei} - To develop Cap-and-trade like system, 85% of initial permits to be given for free with remaining 15% being put up for auction.
[13:19] {Threei} **Potential effects of the legislation:
[13:19] {Threei} - 1) if the bill passes
[13:19] {Threei} Negative impact on the coal burning utilities and coal companies, coal prices likely to decline as their use will be limited; use of natural gas may increase as it reduces the carbon footprint and may drive the sales of natural gas higher. Solar and wind power generating companies will benefit from increased subsidies for energy efficient and alternative energy technologies. Firms that specialize and provide 'smart grid' and infrastructure utilization software are also likely to benefit as utilities look to maximize existing generation sites and prolong the life-time of grand-fathered 'dirty' coal plants. Other sectors that are likely to benefit include specialty names that have experience in carbon capture and sequestration in terrestrial and sub-terrestrial storage. Financials with exposure to EU Cap and Trade and Carbon Emission Contracts are also posed to benefit from increased business volume due to exposure to facilities and understanding of market.
[13:20] {Threei} - 2) if the bill fails
[13:20] {Threei} Positive impact for the coal burning utilities and coal companies, coal prices to remain supported or even rebound on anticipated demand, Natural gas likely to remain steady or decline a little. Solar and wind power technology companies are likely to feel some impact as investors anticipate increased use of green technologies.
[13:20] {level777} clean energy is sweeping the country, esp in cal
[13:20] {Threei} -3) Mixed reactions:
[13:20] {Threei} As with every piece of legislation, the effects of an energy production balance and 'cap and trade' system on markets will not be as clear as one may initially expect. Initial programs and funding will certainly move towards alternative energy technologies and further development of smart grid technologies. The incremental implementation of energy production portfolio balancing at utilities will mean that heavily coal dependent regions (US South East and Mid West) will not see sudden, massive price increases. Due to subsidies and stimulus programs, consumer and commercial price increases are seen rising broadly in tandem throughout US power markets. As for a cap and trade system, initial winners will most notably include the US Federal Government that stands to gain a windfall payment. It is expected that a large percentage of these funds will be reinvested into additional technology and energy subsidy programs (to offset the consumer price increase that will be passed down from utilities).
[13:21] {nemo} boy is this going to hurt the wallet
[13:21] {Threei} Coal Sector:
[13:21] {Threei} BTU, CNX, MEE, FCL, FDG, ANR, YCZ, PCX, ACI, JRCC
[13:21] {Threei} 'Smart Grid' and Green Tech Sector:
[13:22] {level777} along the Cal ports they are charging a tarriff for non complying, clean trucks
[13:22] {Threei} Wind Sector:
[13:22] {Threei} Solar Sector:
[13:22] {Threei} Sequestration Sector:
[13:22] {Threei} there... youi have whole roadmap for future trading
[13:22] {Threei} I am going on vacation till 2010
[13:22] {level777} they are deploying gov't capital to replace with electric/hydrogen powered etc
[13:23] {level777} and some companies making fortunes with carbon credits
[13:24] {level777} which is a joke in itself
[13:25] {level777} back to your regularly scheduled programming
[13:33] {dino} pru l .50
[13:35] {nemo} might be heaed to .30
[13:36] {nemo} headed
[13:38] {dino} it is
[13:38] {nemo} if it breaks that, not sure I'd hang around
[13:39] {dino} stop is .33
[13:40] {nemo} low candle is .31
[13:40] {dino} out
[13:40] {nemo} don't want to get caught in a rush for the exits
[13:42] {dino} maybe a buck lower
[13:44] {nemo} pru flipped you the bird
[13:44] {nemo} didn't close under support
[13:44] {dino} jpm hod
[13:45] {dino} l met .75
[13:45] {nemo} can you imagine the uproar if the big banks all have huge earnings
[13:47] {vinod} I am back. still have PALM from morning
[13:48] {dino} all maybe off of .01
[13:50] {Threei} wow vinod
[13:50] {Threei} you should be ashamed of yourself... making such indecent profits
06[13:51] * Threei slaps vinod around a bit with a large roll of cash
[13:51] {level777} fwiw, i am accumulating GNBT for a swing trade...not a rec to anyone...I know the stock well and am anticipating off its trading some vg news
[13:51] {Threei} Fed's Fisher: Fed actions saved the US from a 'depression'
[13:54] {Threei} Fed's Fisher: green shoots are not 'sprouting like kudzu'
[13:54] {Threei} lol
[13:56] {dino} all l .00
[13:56] {vinod} out 16.27 got bussy. plus all your pick this week would have given more if kept for a while
[13:56] {vinod} my record tells me
[13:57] {Threei} way to track it and make corrections
[13:57] {Threei} wtg
[13:57] {vinod} i only had 500
[14:06] {vinod} ty boss this is one of the best week for me and have a nice weekend to all
[14:06] {dino} u2 vin
[14:08] {Threei} great to hear vinod
[14:08] {Threei} have a great weekend
[14:24] {dino} rjet
[14:24] {magoo} .
[14:25] {magoo} what we in??
[14:25] {Threei} ummm
[14:25] {nemo} coma
[14:25] {Threei} I am in deep thoughts on whether PALM is going to stage eod run or fizzle out
[14:27] {dino} uthr
[14:34] {dino} met to .84
[14:35] {dino} to .86
[14:36] {dino} to .89
[14:37] {dino} out met .89, +.14
[14:38] {dino} all to .04
[14:38] {dino} out, +.04
[14:39] {dino} cedc last try l .44
[14:39] {dptl} have a good evening all
[14:40] {Threei} Fed's Fisher: USD will not be replaced as the world's reserve currency
[14:40] {Threei} wow... first time I find myself nodding to what Fed say
[14:40] {Threei} take care dp
[14:41] {Threei} US treasury yields are 'subdued'
[14:41] {Threei} - will no monetize the deficit
[14:41] {Threei} this last part I still have to see to believe
[14:42] {dino} cya dp
[14:42] {Threei} Not expecting unemployment rate in the US to reach 11%
[14:43] {jfjf64} back my friends
[14:44] {jfjf64} in anythin vad
[14:46] {Threei} no
[14:47] {Threei} watching PALM
[14:49] {jfjf64} hmm does it bust through or go to sleep keep me posted what ya thinkin
[14:50] {jfjf64} 17.20 key #
[14:51] {jfjf64} high last october
[14:52] {dino} uthr sm l .25 partial
[14:55] {jfjf64} .50 long palm
[14:55] {Threei} stop under .40?
[14:55] {Threei} or .35?
[14:55] {jfjf64} 35
[14:56] {jfjf64} got slipp in 53
[14:56] {jfjf64} anybody else in
[14:57] {level777} 3i, any thoughts PALM}?
[14:57] {BillyD} not here
[14:58] {Threei} scratching my head
[14:58] {Threei} it trades like breakout and run
[14:58] {Threei} but I am so not inclined to tarde those at this point
[14:58] {Threei} summer fridasy afernoon
[14:59] {Threei} what breakout? what ruhn?
[14:59] {nemo} relative volume has dropped drastically
[14:59] {nemo} 50% DOW and S&P 75% NAS
[14:59] {dino} well, they get older and die
[15:00] {Threei} jf... now that it made new high, trail to under .40
[15:00] {Threei} let's be stingy here, especially considering your slippage on entry
[15:00] {jfjf64} yes was gonna ask ya ty
06[15:00] * Threei is now known as mind reader
[15:01] {magoo} i took palmer .43
[15:02] {jfjf64} market ragin this dropp[n
[15:03] {magoo} really would like psalm to rip near 16.80
[15:04] {Threei} psalm... lol
[15:04] {magoo} is that too greedy vader?
[15:04] {Threei} I can't tell mags
[15:04] {nemo} going holy roller mags?
[15:05] {Threei} this break keeps me at loss
[15:05] {jfjf64} stop to .45
[15:05] {Threei} can't gauge it
[15:05] {jfjf64} out
[15:06] {magoo} its getting weirder now
[15:06] {jfjf64} not my cup of tea
[15:07] {jfjf64} out of my league
[15:08] {dino} cyou
[15:08] {level777} bouncing around pretty good
[15:11] {dino} uthr to .70
[15:11] {dino} to .75
[15:12] {dino} out +.50
[15:14] {dino} pwrd app. hod
[15:16] {nemo} little early on uthr
[15:17] {dino} whoa wrong on pwrd
[15:18] {dino} my bad
[15:18] {nemo} drinkin' already Dino?
[15:19] {level777} nice Palm flush
[15:19] {dino} no, but......
[15:20] {Threei} but thinkong of it? :)
[15:21] {dino} indeed, it is almost happy hour
[15:24] {dino} ughhhhh uthr
[15:24] {dino} way too tight on it
[15:25] {dino} pru too
[15:27] {Threei} SAFM USDA: Russia has banned pork from certian Farmland food palnts, and chicken from SAFM (45.80, -0.48, -1.04%)
[15:29] {Threei} Only 17% Rate Government A Wiser Spender Than Private Business
[15:29] {Threei} hey... I knew people are not all idiots
[15:29] {Threei} just 17%
[15:31] {patience} ok guys, have a great weekend. been an excellent week. new pattern for me: buying teck shares in the am, selling before closing...good volume and price movement
[15:31] {Threei} have a good weekend patience
[15:31] {dino} gj, cya
[15:31] {BillyD} bye
[15:37] {magoo} ZN crazy
[15:37] {Threei} no news too
[15:39] {dino} $21m raised all i see, 2nd gas permit
[15:39] {Threei} yeah but non of it fresh
[15:40] {BillyD} Have a nice weekend everyone...cya monday
[15:40] {Threei} take care billy
[15:42] {level777} still waiting for a brilliant eod call
[15:42] {Threei} ZN, 1 dollar ago
[15:42] {dino} 3:40 action
[15:43] {Threei} whole day range was 15 points NQ
[15:44] {Threei} thank tyrading gods we got what we got
[15:44] {Threei} this kind of day can easily go with no single trade
[15:45] {dino} out cedc .65, +.21
[15:45] {dino} opps ave .64
[15:46] {Threei} jeez ZN
[15:47] {Threei} that's AMEX for you
[15:47] {dino} out rht flat, bad entry
[15:49] {Threei} are you watching this curcus guys?
[15:49] {Threei} circus
[15:49] {nemo} yeah
[15:49] {level777} amazing
[15:49] {dino} nope
[15:50] {dino} darn cedc kept going
[15:51] {Threei} TSPT
[15:51] {dino} acur spike
[15:52] {Threei} what the deuce
[15:52] {Threei} whatever
[15:52] {KSystems} is there any holiday coming up after the weekend?
[15:52] {Threei} let's call it a day guys
[15:52] {dino} too fast
[15:52] {Threei} not this weekend KS
[15:52] {dino} july 4th
[15:52] {nemo} naechste Wochenende
[15:52] {Threei} next one
[15:52] {KSystems} thank you!
[15:52] {Threei} have a great relaxing weekend
[15:53] {Threei} see you on Monday
[15:53] {Alw} ty - it was a great education!
[15:53] {dino} take care 3i

Thursday, June 25, 2009

Jun 25 2009

Slooow but profitable. RIMM and PALM worked nicely, CAT gave us a stop.

Session Time: Thu Jun 25 00:00:00 2009

[08:19] {BillyD} morning
[08:19] {tomg} morning Billy
[08:20] {vinod} GM to all
[08:20] {BillyD} JAZZ insane already
[08:22] {tomg} morning vinod, and evryone
[08:34] {vinod} just a test
[08:34] {nemo} you failed
[08:35] {vinod} ty-nemo
[08:37] {Threei} 08:00 INSM Phase II IPLEX trial in Myotonic Muscular Dystrophy did not exhibit a statistically significant improvement (Halted)
[08:37] {Threei} - The results of the trial indicated that IPLEX(TM) did not exhibit a statistically significant impr
[08:42] {Threei} PIMCO 's El Erian: Fellow CEO's are not seeing signs of green shoots, too early to relax and be complacent
[08:43] {Threei} everyone is talking green shoots
[08:43] {Threei} you see greenshoots? - no, I don't see green shoots - oh, I see some green shoots - is it reen shoots we see over there?
[08:44] {cosmo} the shoots are greener on the other side of the ocean
[08:44] {cosmo} i think
[08:45] {Threei} they think the same about our side
[08:45] {cosmo} sigh
[08:45] {Threei} both sides think it's because of amount of crap
[08:45] {cosmo} the slime of ages
[08:46] {Threei} - Agrees with Warren Buffet that no signs of green shoots are evident
[08:46] {Threei} see?
[08:46] {Threei} it's like salsa in one of Seinfield's episodes
[08:47] {cosmo} Chauncy Gardner, where are you...
[08:48] {cosmo}
[08:51] {vinod} who invented word green shoot?
[08:51] {nemo} Bennie Shalom Bernanke
[08:56] {Threei} decent bounce INSM
[08:56] {level777} JAZZ
[08:57] {fernp} good morning everybody
[08:57] {Threei} fern :)
[08:57] {Threei} Jazz Pharmaceuticals Second Phase III study of sodium oxybate in fibromyalgia meets primary endpoints
[08:57] {Threei} - Reports positive preliminary top-line results from the second of two Phase III clinical trials of sodium oxybate (JZP-6) for the treatment of fibromyalgia.
[09:00] {Alw} good morning all
[09:01] {Threei} alw :)
[09:07] {ese} good morning
[09:07] {Threei} ese :)
[09:08] {ese} alw....welcome
[09:08] {Alw} thks
[09:09] {Threei} ese, look dcc please
06[09:13] * nemo slaps Threei around a bit with a large trout
[09:13] {magoo} morning
06[09:13] * nemo slaps magoo around a bit with a large trout
[09:14] {level777} cant find anything more on MTMC, anyone know if its doomsday or good times?
[09:15] {Threei} no, nothing since yesterday's halt
[09:16] {dino} gm all
[09:16] {Threei} dino :)
[09:16] {ese} you realise of course that alw that a minimum profit $5000.00 is required for newbies to the board eh.......
[09:17] {level777} shorting almost all these bio's on pops is easy $$
[09:17] {Threei} unless you short too early
[09:17] {Threei} JAZZ is not available
[09:17] {BillyD} vad, what are your top candidates
[09:17] {Alw} of course
[09:18] {level777} need tobe able to last a few days minimum
[09:18] {level777} but they run on silly news, like a mouse was cured
[09:18] {Threei} hey, nothing silly from mouse point of view
[09:18] {level777} lol
[09:18] {Threei} still not sure Billy
[09:18] {ese} vision restored in eyes etc etc
[09:19] {BillyD} AM finished strong yesterday
[09:19] {ese} rain drops turn into vodka upon touching your tongue
[09:20] {nemo} nice part of the world you live in ese
[09:20] {ese} not thats worthwhile bio science in my opinion
[09:20] {nemo} real volatility squeeze on RIMM
[09:21] {Threei} lol ese
[09:26] {dptl} good morning all
[09:27] {ese} ddddddpppppppp!!!!!!!!
[09:27] {Threei} dp :)
[09:27] {nemo} Went a little heavy on the coffee this morning ese?
[09:28] {ese} just twitching like crazy here
[09:28] {ese} gets more prounounced as we approach the opening bell
[09:29] {Threei} lol
[09:29] {ese} into a cardiac arrest type of thing as first trades start hiting
[09:29] {Threei} dp, dcc pls
[09:31] {dino} pnra out leftovers .42+.42
[09:31] {dino} .32
[09:31] {ese} nicee way to start the day dino
[09:31] {dino} got lucky
06[09:32] * nemo slaps dino around a bit with a large golden horshoe
[09:32] {nemo} horseshoe
[09:33] {ese} no a horse hoe is good
[09:33] {nemo} Mmmmmhhhh....shoulda' thought of that...fcx rocketed out of the open, tck lagged a bit
[09:34] {jfjf64} htz .82 long
[09:35] {Threei} JAZZ CNBC
[09:35] {ese} L qqqq .34
[09:35] {Threei} too bad it's not shirtable
[09:35] {Threei} shortable
[09:35] {ese} sorry .45
[09:36] {jfjf64} len .25 break
[09:36] {ese} out qqqq.40
[09:36] {ese} =.05
[09:36] {ese} -.05
[09:36] {ese} damn can't see to type worth hill of beans
[09:37] {Threei} that's because you are trying to use your knees ese... elbows are so much more effective
[09:37] {Threei} MNTA...
[09:37] {Threei} 10 break looks very powerful on daily, but volume is ridiculous
[09:38] {nemo} play 10 shares
[09:38] {Threei} yeah, that's exactly the kind of crap I intend to waste my life on
[09:38] {nemo} and women a much better waste of time
[09:39] {Threei} SINA
[09:39] {jfjf64} len 1/2
[09:39] {Threei} (US) Reportedly Treasury Sec Geithner to announce implementation of new regulatory reforms this Thursday (today) -Fox News (related EUR/USD XLF )
[09:39] {level777} ista, from yesterday
[09:39] {Threei} dino... SINA seems to becoming your client fast
[09:41] {ese} l qqqq .50
[09:41] {dino} esi sm l .00
[09:41] {Threei} good one jf
[09:41] {jfjf64} twb .45 break
[09:41] {jfjf64} ty
[09:42] {ese} out qqqq.55
[09:42] {ese} +.05
[09:43] {jfjf64} 1/1
[09:43] {Threei} JAZZ is serious
[09:44] {jfjf64} out
[09:45] {level777} 1
[09:45] {BillyD} CAR
[09:45] {wulff} quite a CAT bounce
[09:45] {jfjf64} any call jazz vad
[09:46] {jfjf64} wait puulback
[09:46] {Threei} no jf, not unless it etsablishes something more solid
[09:46] {jfjf64} ty
[09:46] {Threei} too hectic, price for the wring entry can be enormous
[09:46] {Threei} wrong
[09:47] {jfjf64} tk look twb settin up for more
[09:47] {nemo} appl vaulte
[09:47] {nemo} vaulted
[09:48] {Threei} CAT should pull back into .60 zone at least
[09:48] {Threei} possibly .40
[09:48] {dino} out esi .50, +.50
[09:48] {Threei} and will become bounce candidate there
[09:48] {jfjf64} cat
[09:48] {jfjf64} k
[09:48] {Threei} wow
[09:49] {Threei} L7
[09:49] {Threei} MTMC Alerts Investors and Analysts to Unauthorized Press Release (5.26, 0.00, 0.00%)
[09:49] {level777} omg
[09:49] {Threei} too bad it's halted still
[09:49] {Threei} "short at will" situation
[09:49] {level777} unauthorized = bogus or not ready..hmm
[09:49] {vinod} we play BSX few days ago
[09:50] {ese} wow dino....don't know how you do that on thin stocks like that....nice one
[09:50] {Threei} CAT is getting there
[09:50] {jfjf64} .60 break twb
[09:51] {dino} thx es
[09:51] {ese} L qqqq .60
[09:51] {ese} out .66
[09:52] {Threei} Reminder: Fed Chairman Bernanke scheduled to testify before the House Oversight Committee on the Bank of America/Merrill deal at 10amET
[09:52] {Threei} - House Representatives are expected to grill Bernanke on whether he pressured BoA executives to consumate the deal without due diligence.
[09:52] {ese} +.06
[09:52] {Threei} darn MNTA worked like charm of that break
[09:52] {Threei} I couldn't in good conscience bring myself to call it
[09:53] {level777} i wouldnt either, with no vol you could get crushed
[09:53] {nemo} did you say, "conscience"?
[09:53] {Threei} no kidding, bids were almost non-existent
[09:53] {jfjf64} 1/1
[09:53] {Threei} nemo I did but I don't know the word's meaning...
[09:53] {level777} worse scneario = daytraders buy and there's no liquidity
[09:54] {jfjf64} lk steelin today what goin on
[09:54] {Threei} I just insert some idioms here and there and hope they fit
[09:54] {nemo} politics in your future
[09:54] {jfjf64} out in full
[09:54] {nemo} aapl must be driving the qs
[09:54] {Threei} look how weak RIMM is
[09:55] {nemo} that's what I mean
[09:55] {nemo} aapl isn't slowing
[09:55] {dino} sm l met .30
[09:55] {magoo} nah rimm just late to party
[09:55] {nemo} we're in window dressing period for the half
[09:55] {Threei} jumped with this uptick... but looking at it as my short candidate for when the markrt gets tired
[09:55] {Threei} don't know mags.. still red
[09:55] {ese} intc approaching that 7 day high .30
[09:56] {dino} cedc sm l .35 wide one
[09:56] {Threei} see how much it dropped with just 1 point NQ dontick?
[09:57] {Threei} Short Setup: CAT .80 break
[09:57] {Threei} if stays below .90
[09:57] {magoo} in cat
[09:58] {Threei} RIMM dropped too fast, never gave a chance for entry
[09:58] {magoo} out cat - dime
[10:00] {BillyD} jf...thx for TWB heads up at a scalp
[10:00] {ese} guess somebody likes the low interest rates
[10:00] {Threei} Fed's Bernanke: Fed acted with integrity in BAC/Merrill deal; annulment of deal could have posed risks
[10:00] {Threei} CAT no worky
[10:01] {Threei} grrr RIMM
[10:01] {magoo} yea..good read on it
[10:03] {nemo} yeah, but shorting into a vaulting market...owww
[10:03] {dino} he said she said battle, bernanke
[10:05] {BillyD} watching CAR for 5 hold and 5.1 break
[10:08] {Threei} Short Setup: RIMM .90 break
[10:08] {nemo} already gone
[10:08] {Threei} stop about 5 cents above 70
[10:09] {Threei} 1:1
[10:09] {Threei} half cover
[10:10] {Threei} scalpers take it off the table of course
[10:10] {dino} met to .70
[10:10] {dino} out cedc .87, +.52
[10:11] {dino} met to .80
[10:11] {wulff} QLD providing some opportunities
[10:11] {dino} out met .80 +.50
[10:15] {Threei} out RIMM in full
[10:15] {Threei} +.40
[10:17] {wulff} strange to short on an up day
[10:17] {Threei} well, this is weak stock on a strong day
[10:17] {Threei} salmon principle
[10:17] {jfjf64} hig .80 break with help fas
[10:17] {Threei} guess who is on TV
[10:18] {Threei} MTMC ready to open
[10:18] {jfjf64} in
[10:19] {magoo} 10:20 open
[10:20] {Threei} non shortable
[10:20] {Threei} MDSO IPO opens for trade at $17.50 (19.00, 0.00, 0.00%)
[10:21] {magoo} really no chance to short
[10:22] {jfjf64} out 5 cents scalp
[10:22] {magoo} i wanna treach behind and pat my own back like vad
[10:23] {Threei} just be aware of possible shoulder dislocation
[10:23] {Threei} but otherwise, by all means
[10:26] {jfjf64} len vad
[10:26] {magoo} i laid out a long exit GS at 143.67..look high
[10:27] {Threei} nice
[10:28] {magoo} magoo faints...hits head on keyboard
[10:28] {magoo} wakes up and tells vad of dream he had that vad complimented him
[10:28] {magoo} with no sarcastic under tone
[10:29] {nemo} pure fantasy magoo
[10:29] {magoo} yea yea
[10:30] {Threei} sigh
[10:33] {dino} bailout era over? with tese hearings maybe...
[10:33] {dino} these
[10:35] {wulff} who wants to buy some random stocks with me?
[10:35] {Threei} sounds like lovely idea
[10:35] {jfjf64} ditto
[10:35] {wulff} we could use the sexy ticker idea
[10:36] {dino} sure
[10:36] {wulff} I once through darts at a paper, and beat myself soundly over a year
[10:36] {jfjf64} that a boy dino
[10:37] {Threei} can't believe MNTA
[10:38] {Threei} GS fast drop
[10:38] {dino} :)
[10:40] {magoo} MTMC sheesh
[10:42] {level777} MTMC ..cant figure
[10:43] {Threei} {MTMC} neither can I... so I go with the wind
[10:43] {dino} off my screen
[10:43] {Threei} Long Setup: PALM .80 break if stays above .75
[10:44] {Threei} scalp only most likely
[10:44] {dino} reports tonight i think
[10:44] {Threei} (US) Transportation Sec Lahood: may need to consider further highway user fees
[10:45] {Threei} sure, why not
[10:45] {Threei} btw, there is air we all breathe
[10:45] {Threei} tax it
[10:45] {Threei} inhale, pay, exhale, pay
[10:46] {dino} give them time, they will find a way
[10:46] {Threei} oh, and label unpatriotic those who find the way to hold their breath
[10:51] {wulff} QLD tight base
[10:53] {Threei} changing my mind on PALM
[10:53] {Threei} if works, will partial
[10:53] {Threei} and try for more than scalp
[10:54] {Threei} stop is the same though
[10:55] {Threei} 1:1
[10:55] {Threei} half out
[10:55] {Threei} scalpers be happy
[10:57] {magoo} freakin mtmc
06[10:57] * Threei slaps magoo around a bit with a large heavy object of unknown origin and for absolutely no reason
[10:57] {magoo} ty
[10:57] {magoo} i needed it
[10:57] {Threei} always
[11:00] {BillyD} ty for PALM scalp
[11:00] {Threei} sure thing
[11:01] {Threei} out 1/4 more
[11:02] {Threei} NY Fed: Fed purchases $9.53B in treasuries; bid to cover 2.93
[11:07] {dino} sm l jpm .00
[11:09] {dino} things got slowwwwww
[11:09] {Threei} {things} ok, that's offensive
[11:13] {dino} markets then
[11:13] {dino} cedc sm l .15
[11:17] {jfjf64} wiil try cag .84 trigger
[11:19] {dino} was looking at cag too
[11:20] {dino} mon wants that 72 area, march lows
[11:20] {jfjf64} need market help
[11:20] {Threei} Fed's Bernanke: I do not regret anything about successful Merrill deal - House Q&A
[11:20] {Threei} - says there was not pattern of pressure put on BoA.
[11:20] {Threei} - says he does not recall details of his "long conversation" with the Fed's lacker.
[11:20] {Threei} - says keeping the SEC in the information loop about BoA/Merrill was not a top priority; Fed left disclosures to BoA's management.
[11:21] {jfjf64} in
[11:23] {jfjf64} eat em up
[11:24] {Threei} {CAG} chomp chomp chomp
[11:24] {Threei} good lord... I actually managed to type chomp three times differently... had to correct before hitting enter
[11:26] {Threei} Ben: a loss of Fed independence would harm US economy and the USD - House Q
[11:27] {jfjf64} comon
[11:28] {jfjf64} half out
[11:28] {Threei} good one
[11:28] {jfjf64} stop .90
[11:30] {jfjf64} chomp chomp
[11:30] {wulff} I want to short RIMM
[11:30] {nemo} up market wulff
[11:30] {Threei} not very good idea right now, IMO
[11:30] {dino} gj jf
[11:30] {jfjf64} dino ya in cag
[11:30] {wulff} alright
[11:31] {Threei} RIMM used to be relatievely weak earlier when we went for that short,
[11:31] {dino} no on cag wanted 17s
[11:31] {Threei} stayd midrange or near lows depsite market strength
[11:31] {jfjf64} out
[11:31] {dino} fslr
[11:31] {Threei} that changed now, it hits its day highs with market
[11:32] {Threei} it's still in the red,
[11:32] {Threei} it's still one of better short candidates for when market reverses,
[11:32] {Threei} but it's no longer that obvious and easy
[11:32] {wulff} there is my RIMM
[11:37] {dino} jpm to .39
[11:38] {wulff} 11:26 wulff I want to short RIMM
[11:38] {dino} out jpm, +.39
[11:41] {Threei} ok... out PALM in full
[11:41] {Threei} .99
[11:45] {Threei} noone else held it?
06[11:46] * Threei slaps dptl around a bit with a large and heavy wet towel, just for the heck of it
[11:46] {dino} cedc to .52
[11:47] {dptl} ouch :)
[11:48] {dino} out .55, +.40 cedc
[11:52] {dino} a woodchuck could chuck as much wood as a woodchuck could chuck if a woodchuck could chuck wood
[11:53] {ese} ok we go again with intc making a move toward the 7 day high
[11:53] {nemo} I've seen racoons pick up full trash barrels
[11:54] {ese} how much wood would a woodchuck upchuck if the damn thing really starts to eat the wood....
[11:54] {ese} hmmmmmm??????? did ya ever think of that hmmmmmm
[11:57] {dino} lol
[12:01] {ese} bstop intc .30
[12:06] {magoo} we in anything?
[12:06] {BillyD} a trance
06[12:07] * magoo slaps BillyD around a bit with a large trout
[12:07] {Threei} ever since you ignored my PALM trade, I decided to keep all future calls to myself
[12:07] {BillyD} I realized that was coming after post
[12:08] {magoo} i watched good military chjannel last nite,,battle for stalingrad
[12:08] {ese} good line though billy
[12:08] {magoo} what was it like being there vad :)a
[12:08] {Threei} just how old do you think I am
[12:09] {ese} was about to ask that
[12:09] {magoo} well, from pics ive seen he he
[12:09] {ese} ouch
[12:11] {ese} man i ducked here.....thought a slap was coming for sure
[12:12] {Threei} I officially state that rumors of this image being me are false:
[12:12] {ese} bstop intc invalidated for me
[12:12] {ese} ohhhh funny funny funny.......good one vad
[12:14] {Threei} so is this:
[12:16] {ese} is it a boring life being a trading room specialist vad........seem to have alot of time on your hands
[12:16] {magoo} u should put first pic on realality trader site lol
[12:30] {dino} zzzzzzzzzzzzzzzzz
[12:31] {BillyD} hope it won't be this way all summer
[12:32] {BillyD} MDRX nice chart
[12:42] {Threei} Preview: Treasury's $26B 7-year note auction results due out just after 1pmET
[12:42] {Threei} - $27B is a $1B increase from the May auction
[12:42] {Threei} - this is the fifth auction since the Feb $22
[12:43] {dino} rjet gives it back today
[12:46] {BillyD} yeah, tough to short as it gaps down with no volume at open and do not want to chase
[12:47] {dino} rht?
[12:47] {dino} report looks ok
[12:49] {BillyD} AM keeps going
[12:51] {dino} good short somewhere, imp
[12:51] {dino} 6.50 to 10.25 in 24 hours
[13:02] {Threei} indirect bidders take 67.2% of competitive bids
[13:02] {Threei} - notes draw 3.329%
[13:02] {dino} farrah fawcett just died
[13:03] {BillyD} wow
[13:05] {nemo} She was the pin-up when I was a teenager
[13:05] {nemo} painful way to go, hope she's at peace
[13:06] {dino} same here nemo, i had the poster\
[13:06] {wulff} me too
[13:07] {nemo} market relentless today
[13:09] {dino} indeed
[13:10] {ese} L intc .30
[13:22] {Threei} great help... I went to and asked mags traditional question: rip or rot
[13:22] {Threei} darn thing answered: It is certain
[13:22] {dino} lol
[13:22] {nemo} I'm going with rip
[13:23] {Threei} second try: Without a doubt
[13:23] {Threei} this is one confident 8-ball
[13:23] {dino} ndx and s/p fri gaps filled
[13:26] {Threei} (US) White House says biotech drugs generic competition should start after seven years of patent exclusivity (related BBH TEVA )
[13:26] {Threei} what is it now?
[13:26] {dino} 18 i think
[13:27] {nemo} that should see biotech stocks drop
[13:27] {Threei} PFE no reaction
[13:28] {Threei} neither TEVA
[13:28] {nemo} TEVA is generics
[13:28] {Threei} I guess there is long way from "says" to actual changes
[13:28] {Threei} yes, so shouldn't it go up on that?
[13:28] {nemo} I get it
[13:29] {nemo} Gave a Yin and a Yang..hehehehehehehe
[13:29] {level777} That House can actually speak?
[13:29] {Threei} real question should be... "can it think"?
[13:29] {Threei} and my answer would be...
[13:29] {Threei} ummm
[13:29] {level777} i hink he should hold another press conference about this
[13:32] {Threei} MNTA, I am crying
[13:39] {Threei} what a weird comment:
[13:39] {Threei} YHOO CEO: If we ever do strike a deal with MSFT, it will be announced publicly - annual meeting comments
[13:39] {Threei} huh?
[13:58] {wulff} WFC ripe
[14:00] {Threei} guess who is on TV
[14:03] {dino} am sm s .30, stop .51
[14:05] {Alw} Hi dino - does this mean you are shorting am at 10.30 with a cover at 10.51? thks
[14:06] {nemo} y
[14:06] {Threei} in case dino is busy - right, with stop being at .51, profit target somewhere nice
[14:06] {dino} yes
[14:06] {Alw} thks all
06[14:06] * nemo slaps Alw around a bit with a large trout
[14:06] {dino} np
[14:06] {Alw} ouch!!!~
[14:07] {nemo} rimm in bounce zone
[14:07] {nemo}'s just a fish
[14:08] {magoo} haveanother
06[14:08] * magoo slaps Alw around a bit with a large trout
[14:09] {Alw} funny guys!!!
[14:09] {nemo} mags...he thinks it's funny
[14:09] {magoo} s aapl .50
[14:09] {magoo} risk-a-roo
[14:09] {magoo} .08 target
[14:10] {magoo} stop .71
[14:11] {magoo} out no go
[14:12] {magoo} cabnt fall with that pullbk in mkts
[14:12] {nemo} Mmmmmhhhhh...somehow I got on the Democratic Committee mailing list
[14:14] {nemo} AM has a long way down if it closes below .15
[14:15] {dino} to where?
[14:15] {dino} thinking .70s
[14:16] {nemo} little resistance @ .05, next major in the 9.90/.85 area...70 possible, but given the up day I would think there's another 'ally on the way
[14:18] {dino} time will tell
[14:18] {nemo} yeah, it just closed above 13 ma
[14:22] {magoo} long rimm .30
[14:22] {magoo} RISKY
[14:27] {Threei} US announces $3.9B in funds available for smart power grids (related ITRI GE )
[14:27] {Threei} tyhere was some small stock related to smart grids...
[14:29] {Threei} what's with ADES?
[14:35] {Threei} (CA) Canada PM Harper: Canada should be out of the budget deficit within two years of recession end (related USD/CAD )
[14:36] {BillyD} Maybe CA can loan US some money then
[14:44] {Threei} US House Democrat reportedly sees inadequate votes for climate deal passage at the moment
[14:44] {Threei} - Reminder: Vote on climate deal is due Friday (related USO FAN TAN )
[14:44] {Threei} hmmm
[14:44] {Threei} can it be? I thought any stupid idea has enough votes these days
[14:44] {Threei} and the stupider the idea...
[14:44] {Threei} SQNM filed a stipulation of dismissal in the United States District Court for the Southern District of California in which the parties stipulated that (i) the patent infringement action brought by Beckman Coulter and Orchid Cellmark against us was dismissed with prejudice, (ii) the counter claims brought by us against Beckman Coulter and Orchid Cellmark were dismissed without prejudice, and (iii) each party to the lawsuit agreed to bear its own attorneys fees and costs. We are not required to make any payments to Beckman Coulter or Orchid Cellmark nor are we required to take a license to the patents, and, as such, the conclusion of this litigation has no material adverse impact on our business, financial condition, or results of operation - filing dated 6/22 (4.00, 0.02, 0.50%)
[14:48] {dino} am stopped -,22
[14:50] {Threei} btw who missed
[14:50] {Threei}
[14:51] {BillyD} read it yesterday....good perspective when it is ok and when not
[14:51] {Threei} ty
[14:51] {Alw} makes sense
[14:56] {ese} have to go everyone....have a concert to do...see ya tomorrow
[14:56] {Alw} bye
[14:56] {ese} cya alw
[14:57] {Threei} take care ese
[14:57] {dino} cya alw
[14:57] {dino} cya es
[15:19] {nemo} what was it, 3 trades today Vad?
[15:20] {Threei} yeah
[15:20] {Threei} but what trades
[15:20] {nemo} short cat rimm, long palm
[15:20] {dino} rht l .21
[15:20] {Threei} (RU) Russia is considering an economic bailout plan - FT
[15:20] {Threei} sure... it's shame really, everyone has one, why not us
[15:26] {magoo} theres an ass for every seat
[15:26] {magoo} and the second mouse gets the cheese
[15:28] {dino} gun to the head; up
[15:29] {magoo} as magoo stands behind dino with a glock against his head
06[15:29] * nemo stands behind magoo with a Desert Eagle
[15:29] {magoo} vad stands behind nemo with a smith wesson
06[15:29] * nemo wonders, "Where's Vad with the rocket launcher?"
[15:30] {nemo} oh, o.k. thanks
[15:31] {nemo} speakin' for Vad now, Mags?
[15:31] {nemo} cya tomorrow
[15:32] {dino} cya nemo
[15:36] {dino} guess i was wrong
[15:41] {BillyD} RIMM interesting and kind of weak
[15:48] {jfjf64} rht.25 break
[15:50] {jfjf64} out
[15:51] {dino} gj
[15:51] {dptl} have a good evening all
[15:52] {Threei} you too
[15:52] {jfjf64} luv those breaks
[15:52] {Threei} CDC: Swine flu has not shown resistance to Relenza or Tamiflu; US cases may have topped 1 million (related GSK.UK ROG.SZ NVAX GILD )
[15:54] {jfjf64} cpd.22 trigger
[15:54] {dino} denny crane
[15:56] {jfjf64} outout
[15:56] {jfjf64} .34
[15:56] {BillyD} nice jf
[15:56] {Threei} very
[15:57] {dino} gj
[15:57] {Threei} jf today and jf two month ago...
[15:58] {Threei} okay guysm, thank you all
[15:58] {Threei} have a great evening, see you tomorrow
[15:58] {jfjf64} s tza .82
[15:58] {dino} guess i was right after all
[15:59] {dino} rht out .30, +.09
[15:59] {jfjf64} out
[15:59] {jfjf64} yeah baby
[16:01] {dino} mojo
[16:01] {fernp} good evening all
[16:01] {dino} u2, gotta hop, take care
[16:02] {jfjf64} later boys
[16:02] {jfjf64} going to bank
[16:02] {jfjf64} lol
[16:02] {dino} lol and gj jf

Wednesday, June 24, 2009

Jun 24 2009

Very nice first half of the day with MGM long and RIMM both directions. Afternoon was a snoozer.

Session Time: Wed Jun 24 00:00:00 2009

[08:04] {BillyD} good morning
[08:28] {BillyD} Vad, you see any nes on AIB
[08:28] {BillyD} news
[08:32] {Threei} Morning
[08:32] {Threei} AIB?
[08:32] {BillyD} yes
[08:32] {Threei} my news feed doesn't even have this symbol, lol
[08:32] {BillyD} lol
[08:33] {BillyD} it's banking so maybe a general news
[08:36] {Threei} 08:30 *MAY DURABLE GOODS ORDERS: +1.8% V -0.9%E; DURABLES EX-TRANSPORATION: +1.1% V -0.5%E
[08:36] {Threei} - Prior Durables revised from +1.9% to +1.8%
[08:36] {Threei}
[08:36] {Threei} this then
[08:39] {Threei} ISTA FDA staff comments that Bepreve has not serious adverse events reported (3.79, 0.00, 0.00%)
[08:41] {Threei} FDA staff comments that Bepreve has no serious adverse events reported in studies over treatment of allergy related eye itching, but 25% of patients in one study had a side effect of bitter taste
[08:41] {Threei} - FDA staff comment come ahead of an upcoming FDA advisory panel meeting
[08:41] {Threei} between eye itching and bitter taste I'll take bitter taste any day
[08:43] {BillyD} RIMM gaps 2
[08:45] {BillyD} maybe some follow thru enthusiasm today
[08:49] {magoo} morning
06[08:49] * BillyD slaps magoo around a bit with a large trout
[08:49] {level777} orcl nice gap
[08:50] {magoo} nice billy
[08:53] {BillyD} Vad, you still using Trade The News
[08:54] {Threei} yup
[08:54] {Threei} magoo :)
[08:54] {BillyD} does it pretty much give you news on staocjks pretty quick if they get sudden spikes, etc
[08:55] {BillyD} stocks
[08:55] {Threei} as a rule, yes
[08:55] {Threei} if there is news
[08:55] {BillyD} ok
[08:55] {fernp} good morning everybody
[08:55] {Threei} if you want to try it, use icon at the bottom of our homepage
[08:55] {BillyD} ok
[08:56] {Threei} it should give you some discount
[08:56] {Threei} fern :)
[09:01] {level777} orcl is almost an automatic short on pops over the years
06[09:02] * Threei slaps magoo around a bit with a large manual on florr sweeping technique. Study it and sweep the room before you leave!
[09:02] {BillyD} lol
[09:03] {dino} gm all
[09:03] {BillyD} gm dino
[09:03] {Threei} dino :)
[09:04] {vinod} GM to all
[09:04] {level777} 3i, i couldnt get my original LevelSeven id, said someone already had it. Who the heck wants to be me?
[09:04] {dino} magoo does
[09:04] {Threei} vinod :)
[09:04] {level777} Idont even want to be me
[09:05] {Threei} huh... I'll ask KS to check up on that, L7
[09:05] {level777} i think its costing me lots oo trade profits
[09:05] {dino} it is
[09:07] {BillyD} Vad, think this gap sells
[09:07] {Threei} hmm
[09:07] {Threei} most of them did lately
[09:07] {BillyD} exactly
[09:08] {Threei} but we are very close to support
[09:08] {jfjf64} mornin guys
[09:08] {Threei} jf :)
[09:08] {magoo} 3 poor days in row ...end of month markups looming...all bulls need/want is a catalyst..which will be fed today...UP we go imo
[09:09] {cosmo} hmm...optimist...
[09:09] {Threei} fed... well, that's hard to gauge
[09:09] {magoo} we may dip at open of course..or it may be rough ride of course
[09:09] {Threei} by all measures, should be non-event
[09:10] {dino} anything can happen
[09:10] {Threei} what is it they can do or say here
[09:10] {Threei} "still tough, green shoots, not out of the woods yet"
[09:10] {Threei} there
[09:10] {magoo} so insightfull dino :)
[09:10] {dino} everyday is a coin toss, thats all i'm saying
[09:12] {magoo} ah..go flip the contra coin, lets see what it says
[09:12] {jfjf64} as long as vad has thinkin cap on we be fine
[09:12] {cosmo} Spring brings new growth ...just look around
[09:13] {Threei} jf... truth be told, the only purpose of that cap is to mask rtotal absence of thinking
[09:13] {Raven} Spring brings mosquitoes
[09:13] {cosmo} brought that is....
[09:13] {Threei} lol
[09:13] {jfjf64} lol
[09:13] {cosmo} yea... got bites here
[09:14] {Raven} West Nile ... be careful
[09:14] {magoo} i havent done this in awhile
[09:14] {cosmo} growing little bumps
[09:14] {magoo} c'mon vad, i need to make a grande, work HARD today lol
[09:15] {magoo} remember when i'd press u everyday ?
[09:16] {jfjf64} yes please and by 11 am hv sons graduation
06[09:16] * Threei hides under the nearest rock never to be seen today again
[09:16] {dino} congrats jf!
[09:16] {jfjf64} ty dino
[09:17] {jfjf64} 5th grade graduation ty
[09:18] {dino} :)
[09:21] {jfjf64} lks lk mgm lvs some play
[09:22] {Threei} Yesterday 16:40 MGM Company has concluded that there is no longer substantial doubt about its ability to continue as a going concern -filing
[09:22] {Threei} - Cites completion of share offering and note placement
[09:22] {Threei}
[09:23] {jfjf64} ty
[09:24] {cosmo} DRYS tests @ open
[09:24] {cosmo} imo
[09:25] {Threei} MGM formed 6.40 resistance pre-market, which is also resistance from the day before
[09:25] {Threei} before yesterday
[09:26] {Threei} let's see if it gives us consolidation and break
[09:26] {jfjf64} intresting
[09:26] {Threei} this thing is capable of nice moves when it's in the mood
[09:27] {Threei} ideally, holding 6.30, consolidating while market makes first hectic opening moves,
[09:28] {Threei} then decisive break
[09:28] {Threei} that would be my preferred scenario
[09:28] {Threei} Break right out of the gate, well
[09:29] {Threei} can go either way... never look back, or give short-lived spike and fizzle out
[09:29] {ese} gm
[09:29] {Threei} ese :)
[09:32] {Threei} Short Setup: ORCL .80 break
[09:32] {ese} out intc yesterday at the end of the day .98 +.17 was in at .81
[09:32] {ese} well close to the end of the day
[09:34] {Threei} CPC IPO opens for trade at $9.45 (9.60, 0.60, 6.67%)
[09:35] {Threei} MGM over 1:1, half out who went for it
[09:36] {dptl} good morning all
[09:36] {Threei} dp :)
[09:36] {ese} ddddddddpppppppppppp!!!!!!!!
[09:36] {Threei} 1:2 1/4 more out
[09:41] {magoo} l rimm here .55
[09:41] {Threei} ORCL no worky
[09:42] {Threei} MGM last portion stop is b/e
[09:42] {level777} ista..watching ffrrvol pick up
[09:42] {level777} for vol
[09:42] {dino} \ogxi
[09:42] {level777} ista break
[09:42] {magoo} .20 cent sto[p
[09:43] {magoo} no go
[09:45] {ese} drys looks like it's in that mood to go and go and go today
[09:47] {BillyD} RJET moving a bit but don't like the chart
[09:47] {Threei} yeah, I looked at it couple times... no pressure
[09:47] {Threei} trades like jellyfish
[09:50] {dino} jpm sm l .50
[09:50] {Threei} RIMM
[09:50] {Threei} .40 break long
[09:50] {Threei} stop under .30
[09:51] {ese} L drys .80
[09:51] {dino} snda
[09:51] {Threei} JPMorgan Chase and Co Reportedly raising card transfer fees to 5%
[09:51] {Threei} - notification part of new federal rules for consumer protections
[09:51] {Threei} lol
[09:52] {Threei} we are getting scrwed just the same, but this time around they notify us
[09:52] {Threei} Preview: May New Home Sales (m/m) due out at 10amET
[09:52] {Threei} **consensus expectation: 360Ke (+2.3%e) v 352K prior.
[09:52] {Threei} - estimates range between 345K to 400K. (related XHB )
[09:53] {Threei} half out RIMM
[09:54] {dino} shld sm l .50
[09:54] {Threei} scalpers take profit
[09:54] {BillyD} ty
[09:54] {Threei} stop to .45
[09:55] {Threei} CMCSA Announces distribution agreement with Time Warner (13.81, 0.02, 0.15%)
[09:55] {Threei} 1/4 more out RIMM
[09:56] {Threei} Comcast Corp Announces distribution agreement with Time Warner
[09:56] {Threei} - to develop broad principles for the TV Everywhere model to guide the distribution of its television content online. The agreement between the companies will make it possible for Comcast customers to access programming from Turner Broadcastings award-winning entertainment networks free online and on demand. In addition, Comcast announced it will begin a national technical trial of its On Demand Online service in July carrying programming from Time Warners Turner networks TNT and TBS.
[09:57] {Threei} stop is still under .50, trying to exit last portion above .80
[09:57] {magoo} ty rimm vad
[09:57] {magoo} out .67
[09:57] {ese} still in that JPM trade or are you out
[09:58] {tomg} ty rimm vad
[09:58] {Threei} magoo, tom :)
[09:58] {ese} daaaaaa......missed the pullback on it.....shouldn't have ben typing
[09:59] {Threei} MGM... can you or can you not?
[09:59] {dino} in it
[09:59] {ese} out drys .81
[09:59] {ese} even
[10:00] {dino} 34 feels like
[10:00] {ese} better trade than drys
[10:00] {Threei} MAY NEW HOME SALES: 342K V 360KE (% M/M)
[10:00] {dino} i prefer tbsi over drys use drys as tell
[10:01] {Threei} ABMD Announces First FDA-Approved AbioCor Implant at UMDNJ-Robert Wood Johnson Medical School and Robert Wood Johnson University Hospital (8.44, 0.24, 2.93%)
[10:02] {Threei} - Median sales price: $221,600 v $212,600 m/m
[10:02] {Threei} NVAX Preclinical Proof-of-Concept Studies Published for Novavax Seasonal Influenza Virus-Like-Particle Vaccine (2.53, 0.13, 5.42%)
[10:02] {ese} does it always trade that thin TBSI
[10:03] {Threei} too bad home numbers didn't help... RIMM weas ready to blast off
[10:03] {magoo} still can
[10:03] {Threei} yeah but I am no longer in
[10:03] {magoo} after thru with fed we gonna get high high
[10:04] {Threei} MGM, trailing to under .50
[10:05] {cosmo} DRYS hod = 5.90 fwiw
[10:06] {Threei} out last piece MGM
[10:06] {Threei} +.30
[10:06] {BillyD} nice one
[10:06] {dino} no es
[10:06] {Threei} 3 for 4 so far
[10:06] {magoo} OY
[10:06] {magoo} dont do that..jinx it
[10:06] {Threei} did I get you off my back mags?
[10:06] {magoo} i want 9 of 10 today
[10:07] {Threei} sigh
[10:07] {magoo} worx as motivator ..see
[10:07] {BillyD} ORCL, MGM, RIMM...what was 4th one
[10:07] {magoo} in all fairness, i do have a G..TY
[10:08] {Threei} there was no 4th one Billy... I was just trying to relieve pressure by magoo
[10:08] {BillyD} lol
[10:08] {Threei} :)
[10:08] {magoo} aapl was 4th
[10:08] {magoo} off rimm call
[10:08] {Threei} by a proxy
[10:09] {Threei} lol
[10:09] {magoo} alot of times he call rimm i take both
[10:09] {ese} markets made up it's mind it's going up...regardless of new home sales
[10:09] {Threei} ORCL... don't remember it holding gap that persistently
[10:11] {dino} titn sm l .74
[10:13] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:13] {Threei} **consensus expectations:
[10:13] {Threei} Crude: -1.2Me
[10:13] {Threei} Gasoline: +1.3Me
[10:13] {Threei} Distillate: +800Ke
[10:13] {dino} snda sm l .00 trig
[10:13] {dino} giddy-up
[10:14] {dino} shld stop to .90
[10:15] {Threei} RJET woke up... grr
[10:15] {dino} to .99
[10:17] {dino} out shld .30, +.80
[10:17] {ese} in your opinion vad....whats drvin the market....end of the month buying?
[10:18] {Threei} "frankly my dear...."
[10:18] {Threei} :)
[10:18] {dino} -7% in 3 days, imo
[10:18] {ese} gotcha!
[10:19] {level777} whats a pb price for MGM?
[10:19] {dino} dltr stop to .90
[10:19] {ese} reason iwas asking is i'm still stalking a swing long position with intc at .30
[10:20] {dino} -7 in 8 days i mean
[10:20] {Threei} 6.60 mostl likely... but it doesn't show much willingness to pull back
[10:20] {dino} es no swings in summer
[10:20] {ese} huh...really?
[10:20] {dino} i have paid dearly for them
[10:21] {dino} summers' scalp time imo
[10:21] {ese} hadn't heard that adage
[10:21] {ese} not even for a couple of days
[10:21] {ese} overnight?
[10:21] {Threei} talking heads though have this expression I've never understood : summer rally
[10:22] {Threei} as if we have one each summer
[10:22] {dino} overnight ok, but .....
[10:22] {dino} sell in may and go away
[10:23] {ese} intc.30 would be break of 7 day high.....thought that that would help it go a litle
[10:23] {ese} have heard the sell in may line for sure
[10:23] {dino} in general summers are strange. of course we are living in strange times
[10:24] {Threei} that one is plenty silly to me too, ese
[10:24] {ese} agreed....
[10:24] {Threei} just general human desire for simple solutions
[10:25] {Threei} anyone ever made any money using this kind of adages?
[10:25] {Threei} sell each May
[10:25] {Threei} whatever else they recommend
[10:25] {dino} no
[10:25] {ese} no
[10:26] {Threei} US Rep Frank (D): US House panel to evaluate a consumer protection agency in July
[10:26] {Threei} hurry barney, before they protected us to death
[10:27] {dino} but seriously, summers are different
[10:27] {dino} snda to flat stuck
[10:28] {dino} out snda .10, +.10 pullback
[10:28] {dino} lol, barney. the mother society coming, people can't figure anything out, they need rules
[10:29] {Threei} of course dino
[10:29] {dino} in the end the govt doesn't want you to think
[10:29] {Threei} think of it: we are that stupid that may even smoke flavored tobacco
[10:29] {Threei} how could governemtn stay away and not jump in to help us make smart decisions
[10:30] {dino} personal responsibility out the door
[10:30] {Threei} DOE CRUDE: -3.87M V -1.2ME; GASOLINE: +3.87M V +1.3ME; DISTILLATE: +2.08M V +800KE
[10:30] {dino} dltr to .00
[10:30] {BillyD} Vad, any read on RJET yet
[10:30] {Threei} I wish
[10:31] {BillyD} I am trying to keep from manufacturing one
[10:31] {dino} call barney, he'll give you one
[10:31] {dino} out dltr slip, .95, +.45
[10:32] {Threei} there are local politicians here who insist on ban on drive-through, our of emissions concern during engine idling
[10:32] {Threei} I love their reasoning:
[10:32] {Threei} we understand convinience is nice but it's not absolutely necessary
[10:32] {Threei} I suggest these guys to throw out their TVs
[10:32] {Threei} they are not absolutely necessary
[10:33] {Threei} so by their logic must be discarded
[10:35] {BillyD} if RJET can hold 7 area, then B/O worth a shot with some tension
[10:35] {dino} burn 'em all ike
[10:36] {Threei} oil moving up makes it questionable, Billy
[10:36] {Threei} RJET is sensitive to oil
[10:36] {BillyD} makes sense, it needs more tension
[10:36] {ese} I'm also looking at the 16.50 mark for intc....if it gets there this would be the fourth time bumping up against it.......and if it gets through that should propel it up quite significantly
[10:36] {Threei} yeah, tough one really
[10:36] {level777} MGM drop
[10:37] {Threei} looks temtoing, and chart looks right
[10:37] {Threei} but can turn into trap with horrifying speed
[10:37] {Threei} watching it L7
[10:37] {BillyD} it is alluring to impulsive
[10:39] {dino} hmmm, not sure what bd is watching
[10:40] {Threei} RJET dino
[10:41] {dino} jpm stop to flat
[10:42] {dino} 8.20s resistance
[10:43] {dino} doesn't make sense, buyout and they are the buyer
[10:43] {dino} break of 7?
[10:44] {Threei} really can't tell
[10:44] {Threei} tempting
[10:44] {dino} rather higher
[10:44] {Threei} double top
[10:44] {Threei} second one made on lower volume
[10:44] {BillyD} was thinking .12 or.13 earlier worth a shot
[10:44] {dino} waiting around 8
[10:45] {Threei} so... technically speaking yes, 7 break is short
[10:45] {Threei} but this thing is not very technical
[10:45] {dino} problem is how much, to 6.80ish?
[10:46] {dino} "there are better worlds than this" imo
[10:46] {Threei} yeah
[10:47] {dino} another buck i like it short
[10:47] {dino} lorl 3i?
[10:47] {dino} or oxgi?
[10:48] {dino} lotrl too thin
[10:48] {Threei} LORL no idea
[10:49] {dino} jpm hod es
[10:49] {Threei} OGXI had news
[10:49] {Threei} OncoGenex Pharmaceuticals, Inc Completes Amendment to Phase 3 Special Protocol Assessment
[10:49] {Threei} - Co has reached an agreement with the U.S. FDA via the special protocol assessment process (SPA) on an amendment to the design of a Phase 3 registration trial of OGX-011, its lead product candidate targeting castrate resistant prostate cancer (CRPC).
[10:49] {Threei} - The FDA has agreed on modifications to the study population of a previously reviewed Phase 3 trial featuring survival as the primary endpoint.
[10:49] {Threei} - The study population has been modified to evaluate patients receiving first-line chemotherapy, rather than those receiving second-line chemotherapy. FDA agreed that the amended protocol adequately addresses the objectives necessary to support a regulatory submission.
[10:51] {dino} jpm to .80
[10:53] {Threei} MGM bounced right off .60, but did it with such flat pace, was really tough to nail entry
[10:59] {dino} out jpm +.30
[10:59] {Threei} .short rimm .10
[10:59] {Threei} Short Setup: RIMM .10
[11:00] {Threei} if stays under .25
[11:01] {dino} wxs
[11:01] {BillyD} every futures uptick these stocks jump one way or the other
[11:03] {dino} sm l wxs .49
[11:07] {Threei} OGXI Rodman & Renshaw maintains Outperform rating, price target $32 (timing uncertain) (22.09, 2.67, 13.75%)
[11:08] {dino} hmmm
[11:10] {BillyD} Vad, does RIM seem a bit stronger than mkt overall
[11:10] {BillyD} RIMM
[11:10] {Threei} hard to tell... maybe a tad, but could also be just violatility
[11:11] {vinod} short setup for rimm still good?
[11:11] {Threei} no, went above the invalidating level
[11:11] {Threei} gotta hunt fkor a new one
[11:12] {vinod} ty
[11:12] {Threei} .25 became a short trigger now
[11:12] {Threei} with .40 being invalidating level
[11:12] {Threei} Short Setup: RIMM .25
[11:13] {Threei} (US) Senate Report: US healthcare insurers underpay claims
[11:17] {Threei} if feel very stingy, trail stop to above .35 on RIMM
[11:17] {vinod} in RIMM
[11:19] {dino} wxs stop is .09 fwiw
[11:21] {dino} stopped
[11:23] {BillyD} 1st cover area on RIMM?
[11:23] {BillyD} under .10
[11:23] {Threei} near .10
[11:24] {Threei} and stop is above .35 for everyone now
[11:24] {Threei} any trade under .14, trail to above .30
[11:25] {Threei} there
[11:25] {Threei} risk becomes negligible here
[11:25] {Threei} 1:1, covering half... scalpers know what to do
[11:25] {BillyD} good...out 1/2
[11:27] {vinod} cover 72.09
[11:27] {BillyD} out rest ty
[11:27] {Threei} 1:2, cover 1/4 more
[11:27] {vinod} little scary for me with 2k
[11:28] {BillyD} where is your stop on RIMM now ...over .10
[11:28] {Threei} .15
[11:29] {Threei} gotta account for its natural volatility
[11:29] {BillyD} you are right
[11:29] {BillyD} it is a cleaner level
[11:33] {Threei} was it a thing of beauty or what
[11:33] {BillyD} disconnected a bit from mkt
[11:34] {BillyD} with it's upticksa
[11:34] {Threei} MSFT CEO: Advertisitng by MSFT is a $2B business, predicts there will be "no newspapers in the future"
[11:34] {Threei} {newspapers} we predict there will be no MSFT in the future
[11:34] {Threei} predicts there will be "no newspapers, magazines or TV in the future"
[11:35] {Threei} will there be future?
[11:35] {BillyD} TV would be tough
[11:35] {Threei} cosmo, don't answer
[11:37] {BillyD} you trying for under .90 on you last partial RIMM
[11:37] {Threei} I guess
[11:37] {Threei} will sewe how it goeas
[11:37] {nemo} SO! you folks been cleaning up this morning???
[11:38] {Threei} yes, and we hurried to get it all before you get back
[11:38] {nemo} Yeah, sounds like you when you have to share vodka
[11:39] {Threei} I am not big on sharing
[11:39] {Threei} don't know why some make it such a priority
[11:43] {Threei} come on RIMM
[11:43] {Threei} give me sharp drop
[11:44] {BillyD} vad, look at TROW as short here if mkt drops for scalp
[11:45] {Threei} with market help, should work
[11:45] {nemo} I realize I'm thinking, but heading into lunch with the FOMC announcement coming seems like a recipe for, "Hurry up and wait"
[11:45] {BillyD} mkt help is key
[11:46] {Threei} RIMM 1:3
[11:46] {dino} wxs break of .50 last try
[11:46] {nemo} where'd you enter?
[11:46] {Threei} 72.25
[11:47] {nemo} oh, happy day :)
[11:47] {BillyD} nice RIMM read Vad
[11:47] {dino} you da man vad
[11:47] {Threei} I am certain I am no da woman
[11:48] {vinod} :(
[11:48] {Threei} not sure why it upsets you vinod {G}
[11:50] {Threei} SEC votes 5-0 on proposed money market fund rules
[11:50] {dino} lol
[11:50] {Threei} OK, enough is enough
[11:50] {Threei} I am out RIMM in full here
[11:50] {Threei} +.50
[11:51] {vinod} i am upset we sold too early
[11:51] {vinod} i sold
[11:51] {dino} mtmc
[11:52] {vinod} it was one trade 1k day
[11:53] {nemo} nice out on RIMM, running into that hammer support around 10:30
[11:54] {dino} gj vin
[11:54] {dino} ugh snda
[11:55] {nemo} yeah, look how fast it moved up
[11:55] {Threei} FLIR CEO: Military sales could exceed commercial sales; on track to reach annual sales forecasts (22.16, 0.14, 0.64%)
[11:58] {vinod} ORCL good to shoer?
[11:58] {Threei} why?
[11:58] {BillyD} RJET short .79 w/ .90 stop..any thoughts
[11:59] {Threei} all it did today was go up, and it exhibits no sign of letting up
[11:59] {BillyD} in rjet short
[12:00] {Threei} Warren Buffet: Not worried about deflation 'at all'; the economy has been "pretty flat," not seeing any bounce - CNBC
[12:00] {Threei} - Things are "in shambles" this year, will likely stay that way for some time to come.
[12:00] {Threei} - Strongly endorses Fed Chairman Bernanke, believes he should be reappointed for another term.
[12:00] {Threei} - Sees WFC as having 'dramatic' earnings potential with or without TARP (note Buffett has a stake in the compay)
[12:09] {ese} cya in about an hour.......still waitin on intc.......patience, patience...i smell money here
[12:09] {dino} remindes me of bill groos talking his book
[12:09] {ese} i mean patience as in go slow....not patience's handle
[12:10] {dino} sure ya did
[12:12] {patience} :)
[12:19] {Threei} is theree any life out there?
[12:19] {Threei} Mars?
[12:19] {nemo} hi
[12:19] {Threei} Saturn?
[12:19] {level777} mgm nose dive
[12:19] {Threei} see? no life in Las Vegas
[12:20] {BillyD} now RJET
[12:20] {Threei} or in the skies
[12:22] {dino} don't say that to wynn +2.33
[12:22] {BillyD} Vad, any thoughts on tighteneing my stop on RJET....short at .79 with stop of.90
[12:23] {Threei} it's kind of still there
[12:23] {Threei} nothing happened
[12:23] {BillyD} except time passing
[12:32] {Threei} Preview: Treasury's $35B 5-year note auction results due just after 1PM ET
[12:32] {Threei} - $35B auction size is unchanged from last two auctions
[12:32] {Threei} - prior bid-to-cover ratio 2.32 with an average of 2.16 over the last 10 auctions
[12:32] {Threei} - indirect bidders took 44.2% of competitive bids at last auction
[12:32] {Threei} - with 44.9% alloted at the high at last auction
[12:32] {Threei} - When Issued notes currently offer a yield roughly 3 basis points above the cash market at 2.69%
[12:38] {magoo} MON crushed
[12:39] {dino} lowered guidance and revs. light
[12:40] {BillyD} out RJET -.13
[12:43] {dino} wxs stop to b/e
[12:43] {dino} crtx spike
[12:44] {dino} ndx, s/p going to fill open gap? lately on up gaps they have been
[12:46] {dino} mon maybe looking to march lows
[13:01] {dino} myrg
[13:02] {Threei} indirect bidders take 62.8% of competitive bids
[13:02] {nemo} no reaction yet
[13:03] {nemo} a bit muted on this auction so far
[13:04] {magoo} we in anything vad??
[13:04] {dino} am
[13:04] {nemo} coma
[13:04] {Threei} in coma
[13:06] {dino} am seems a bit much
[13:07] {KSystems} hi :)
[13:07] {Threei} KS :)
[13:07] {Threei} L7... KS is the guy to ask about that weird nick message
[13:08] {KSystems} i am innocent
[13:08] {Threei} you all say that
[13:19] {level777} anybody following YRCW?
[13:19] {nemo} you
06[13:19] * level777 slaps nemo around a bit with a large trout
[13:19] {nemo} boy learns quick
[13:20] {nemo} l7...look at my careful with is somewhat fratricidal to me...could be psychologically quite damaging
[13:22] {level777} all they had was trout, no sledgehammers available
[13:22] {dino} out wxs .75, +.25
[13:22] {nemo} actually there is, last option, then place your weapon of choice in the
06[13:23] * nemo slaps level777 around a bit with a large copy of Reality Trader Trading Room Etiquette
[13:23] {nemo} or
06[13:23] * nemo slaps level777 around a bit with a large chain mace
[13:23] {dino} am sm s .14
[13:25] {ese} back....howsssszit goin
[13:25] {nemo} dino...where stop
[13:26] {nemo} in coma ese...waitin' on FOMC
[13:28] {level777} wow, i saw MTMC at 2.50 and said.too illiquid
[13:28] {dino} .44
[13:28] {ese} when do they report nemo?
[13:29] {nemo} 2:15
[13:31] {nemo} I love this, sequential headings on news aggregator: "Oil rises above $69" "Oil falls ahead of Federal Reserve Statement"
[13:32] {dino} mtmc continues
[13:32] {dino} opps
[13:34] {dino} potential over years = $40 million
[13:37] {level777} MTMC getting run up on appx 1 mil shares outstanding on contract nbews...however, there are 30+ mil preferred outstanding..dont think many are aware or what the copnversion might be
[13:38] {Threei} SPEX...
[13:39] {Threei} Wednesday, June 24, 2009 1:01:40 PM
[13:39] {Threei} - indirect bidders take % of competitive bids
[13:39] {Threei} - notes draw % with % alloted at the high
[13:39] {Threei} oops, wrong one
[13:39] {Threei} Wednesday, June 24, 2009 1:26:25 PM
[13:39] {Threei} Spherix Inc Announces Positive Phase 2 Study Results
[13:39] {Threei} - Preliminary Data Demonstrates Reduction of HbA1c Levels With Doses an Order of Magnitude Lower than the Dose Used in the Current Phase 3 Trial.
[13:40] {Threei} BAC Reportedly e-mail document sent by the Fed's Lacker states "management is gone" if BoA tried to call off its deal with Merrill - unconfirmed report
[13:40] {Threei} - the e-mail reportedly refers to a conversation about BoA management with Fed Chairman Bernanke
[13:40] {Threei} hello comrade Stalin
[13:41] {Threei} here is a little story from Russian history, you'll enjoy this one
[13:42] {Threei} legend goes, the factory manifacturing mathces weas infamous for a very low quality of the product
[13:42] {Threei} not having much to choose from people had to buy their matches
[13:42] {Threei} complaints grew louder, and at asome point reached Stalin's ears.
[13:43] {Threei} Director of the factory was summoned
[13:43] {Threei} visit to Stalin by itself was not a small occassion as you can imagine
[13:43] {Threei} and the guy wasn't even topld what it was about
[13:44] {Threei} He was ushered in the office,
[13:44] {Threei} Stalin sat at his desk reading some document and making remarks on the margin,
[13:45] {Threei} never raising his sight at poor guy, never speaking to him, at some point in dead silence he grabbed his smoking pipe
[13:45] {nemo} hehehehe
[13:45] {Threei} picked up matches manufactured by this factory
[13:45] {Threei} and started trying to ignite them.
[13:46] {Threei} 3 or 5 got broken not giving fire
[13:46] {Threei} Stalin sighed, put the pipe down on the desk and continued working
[13:46] {Threei} no single word, no eye contact
[13:46] {Threei} message was sent and heard :)
[13:47] {Threei} heads rolled, quality of the product was fixed in a matter of days
[13:48] {Threei} Preview: FOMC rate decision and statement due out at around 2:15pmET
[13:48] {Threei} **The FOMC is expected to hold rates steady at 0.25% again today, though speculation has begun to circulate that the Fed could modify its statement to clarify that, while it is thinking about exit strategies, it does not expect to raise rates any time soon. Currently Fed Funds Futures show a 36% chance of a rate hike by the end of 2009. The FOMC may also need to address its asset purchase program in today's statement, as it has already gone through over half of the current $300B allocation, and is on track to reach the full target some time in August or September. With the next FOMC meeting not until August, the Fed will likely need to use either today's statement or Bernanke's semiannual policy testimony in July to outline the Fed's future plans for asset purchases.
[13:50] {Threei} MTMC Halted; news pending (5.26, 3.87, 278.42%)
[14:00] {Threei} (US) Reportedly California will issue IOUs if there is no budget resolution
[14:00] {nemo} The Wimpy strategy
[14:01] {BillyD} Govt IOU's a bit scary
[14:01] {level777} no, Wimpy would issue an IOU tomorrow, for a hamburger today
[14:01] {BillyD} Vad, did it get like that when uou left Russia
[14:02] {BillyD} or govt gave you nothing to begin with
[14:02] {Threei} lol
[14:02] {Threei} it's not really a valid comparison
[14:02] {BillyD} two different worlds entirely
[14:03] {Threei} dictatorship vs democracy... private business based society vs centralized goverment-run economy
[14:03] {Threei} too deep divide
[14:03] {dino} lol l7
[14:03] {Threei} while one certainly can find a lot of similarities, those are either superficial
[14:04] {Threei} or simply based on the fact that human beings are human beings in any country
[14:04] {level777} dino, if you know what I meant by that post, you must be as old as me :)
[14:04] {Threei} I mean, if I had to compare the % of idiots in both societies, I wouldn't be able to tell the difference {G}
[14:04] {BillyD} lol
[14:05] {BillyD} it begins to somewhat diferentiate from that baseline
[14:06] {Threei} yeah
[14:06] {Threei} 9 min to non-event
[14:07] {dino} 44 l7, popeye
[14:07] {dino} whimpy
[14:08] {level777} thats it
[14:09] {dino} classic
[14:09] {level777} the unfortunate part is, im older than you :(
[14:10] {Threei} I can imagine worse situation
[14:10] {Threei} imagine someone who is as old as you are but stpid:
[14:11] {Threei} stupid
[14:11] {Threei} all the age problems with no advantages??
[14:11] {level777} i dont know it thats making me feel better
[14:11] {Threei} sorry... I tried :)
[14:11] {level777} as old as i am? hmmm
[14:11] {Threei} okay... as young
[14:12] {level777} ah, better
[14:13] {Threei} everyone is sooo fragile, I am scared to use trout anymore
[14:13] {Threei} walking on eggshells here
[14:13] {Threei} nemo seems to be the last one I can abuse with no fear of breakming him
[14:13] {level777} i take offense to that
06[14:13] * Threei slaps nemo around a bit with a large 35 lb scorching hot iron
[14:14] {level777} wow
[14:14] {ese} whooaaaaaouch!
[14:14] {Threei} see} he didn't even blink
[14:14] {dino} pretty thick skin here
[14:14] {ese} well ....sometimes discipline just has to be metted out.......
[14:14] {Threei} wait... maybe because he is uncosncious
[14:14] {Threei} 1 min
[14:14] {dino} did not grow up under rah rah regime
[14:15] {dino} he'll be late
[14:15] {Threei} non-event, AND late?
[14:15] {Threei} lol
[14:16] {dino} up down up
[14:17] {Threei} fashinably late
[14:17] {Threei} +o
[14:18] {nemo} huh? what? felt like a bug landed on my shoulder....maybe it was an acorn
[14:18] {Threei} unchanged
[14:18] {nemo} there goes fcx and tck
[14:18] {Threei} FOMC LEAVES RATE UNCHANGED AT 0.25%
[14:18] {Threei} amount of asset purcahses unchanged, target rate to be at low end for extended period
[14:19] {nemo} now on the down elevator
06[14:19] * nemo slaps Threei around a bit with a large copy of Das Kapital
[14:19] {BillyD} my L2 froze
[14:19] {nemo} up elevator on fcx
[14:19] {Threei} Financial markets have generally improved
[14:19] {Threei} - Consumer spending stabilizing,
[14:19] {nemo} at 0
[14:20] {nemo} how long can that keep up as people get fired
[14:20] {nemo} fcx down elevator again
[14:20] {nemo} dramamine please
[14:20] {dino} i was wrong, down 1st
[14:21] {Threei} whole lot of nothing came very fast
[14:21] {ese} wah wah wah???? is the market up....or is it down......
[14:22] {Threei} lol CNN
[14:22] {nemo} move along, nothin' to see here, just some Raven pickin' at corpses
[14:22] {Threei} Fed say things seems to be worsenining more slowly or getting more wose less fast
[14:23] {ese} qqqq big swings
[14:23] {dino} tbt spike
[14:24] {nemo} did that on the last couple of fomc meetings too, I think
[14:24] {ese} well that should mean canadian interest rates will basically stay the same so my mortgage payments will still be low
[14:24] {Threei} pretty much
[14:25] {ese} can invest more in Vad???
[14:25] {nemo} see if tbt breaches today's high...went right to it and is backing off a tad
[14:26] {BillyD} dino, you think yourAM would have dumped a little
[14:26] {ese} qqqq ...that isn't a candle stick's stripes
[14:26] {dino} i thiyght so, dead $
[14:27] {dino} thought
[14:28] {dino} bstop tighten to .26
[14:28] {dino} needs to break .00
[14:28] {BillyD} yes
[14:28] {BillyD} getting closer
[14:28] {dino} i should say; "i need it to break .00"
[14:29] {dino} tear down that wall
[14:30] {BillyD} everything jumps so much it is hard to get solid setup
[14:30] {Threei} there is none
[14:30] {Threei} stays on a sideline
[14:31] {Threei} let those who must trade every second get chewed up and spat out
[14:31] {dino} am bstop to b/e
[14:31] {dino} dji gap filled
[14:33] {nemo} How in tarnation do you trade that ekg...look at fcx, tck, rimm
[14:34] {Raven} careful
[14:36] {nemo} about my earlier comment Raven :) or the one immediately preceing?
[14:36] {nemo} preceding
[14:37] {Raven} the earlier one ...
[14:37] {nemo} Oh...brief aside: Raven...what specific optics do u use birding?
[14:38] {Raven} I have several ... 8x40 binos and 10x40 too
[14:38] {nemo} specifically...I'm an optics snob
[14:38] {Raven} 20-60 power scope
[14:38] {nemo} spotting scope?
[14:38] {Raven} yup
[14:38] {dino} i have the only short that doesn't drop
[14:39] {BillyD} lol....
[14:39] {nemo} Nikon, Bausch & Lomb, Swarovski, Leica, Kahles
[14:39] {nemo} ?
[14:39] {BillyD} it kinda makes you feel singled out
[14:39] {Raven} scope is Bushnell ... bino's Bushnell and Zeiss
[14:40] {nemo} Bushnell...the elites?
[14:40] {nemo} Zeiss...Schott Glasswerk, nice stuff
[14:41] {Raven} yes but my Zeiss ate 25 years old and the lenses on my throw away Bushnell almost a good
[14:41] {nemo} less accent with the Zeiss
[14:41] {Raven} the Bushnell binos cost $105 ... rofl
[14:41] {dino} am covered flat
[14:42] {nemo} I find at about $900 is where it becomes difficult to tell the difference, below that, I see differences in I've seen in that range are Nikon...although have Bushnell Elite scope
[14:43] {Raven} I will check the cheapie model ... brb
[14:44] {ese} sell off to clear out weak hands???
[14:44] {nemo} SON
[14:44] {ese} or are we actually headed down
[14:45] {Raven} Bushnell Nature View 8x42 ... was $105 delivered last year
[14:45] {nemo} What state are you in Raven?
[14:45] {Raven} Michigan
[14:45] {ese} now were headed up ...... well i can officially tell you that i can't trade this type of market.....have no f^%$%$ idea
[14:46] {nemo} Any Cabelas or Bass Pro shops around you?
[14:47] {Raven} Cabelas two hours east
[14:49] {BillyD} Vad, do you trade the ETF's like EDZ etc and is there a way to eliminate them from scanner
[14:49] {nemo} A bit far...If you haven't already, and you get a chance, they'll have a large selection from cheap to expensive...Spend some time at the counter and, if you can, look at camoflage clothing at a distance. Low contrast differentiation, espcially in low light is where the differences really show up. Usually the optics counter is in the middle of the Cabela's store.
[14:50] {Threei} not sure about elimination billy
[14:50] {BillyD} I don't see a way
[14:50] {Threei} wouldn't want to ban whole exchange
[14:51] {BillyD} no
[14:51] {Threei} although AMEX is not very valuable exchange
[14:51] {BillyD} I just have NYSE and NASDAQ selected
[14:52] {Threei} there was time when almost all ETFs traded at AMEX
[14:52] {Raven} I will try that sometime ... spend a hour or so endearing meself to clerk ... and buy nothing
[14:52] {Threei} ARUN
[14:58] {dino} jpm sm l .40
[14:59] {nemo} happens all the time Oh winged one
[14:59] {Raven} yes
[15:00] {nemo} Besides..maybe you'll be struck by the difference, and go, "What the Hell...can't take it with me anyway."
[15:01] {Raven} lol ... I have made comparisons ... so not likely
[15:01] {nemo} then again...maybe not
[15:01] {vinod} one more trade before close?
[15:03] {Threei} if it comes around
[15:03] {vinod} i am still upset about RIMM
[15:03] {Threei} it's not like I have them but don't share :)
[15:03] {dptl} have a good evening all
[15:03] {Threei} take care dp
[15:03] {BillyD} cya dp
[15:03] {vinod} just kiding
[15:03] {ese} cya dp
[15:04] {dino} cya dp
[15:09] {dino} dji broke yesterdays' lod
[15:09] {nemo} Rimm heading towards .60 breakdown?
[15:10] {Threei} ummm... yes? :)
[15:10] {nemo} lotta' air under there
[15:15] {nemo} big volume spike on that green candle
[15:16] {ese} what makes sense here dow to 8000
[15:16] {ese} or bounce with low interest rates
[15:17] {dino} 8016 gap es
[15:17] {dino} then 7776, 7273, 6547
[15:18] {ese} not seeing that gap.......what day was that dino
[15:18] {dino} 4/28, 4/2, 3/20, 3/9
[15:20] {dino} on other side 8799; 3/12
[15:20] {dino} 6/12 i mean
[15:22] {ese} hmmmmm gotta think about different daily charts arn't showing some of those
[15:23] {dino} i could be wrong
[15:23] {ese} were talking about the "indu" right?
[15:23] {ese} theres gaps all over my s&p and naz charts
[15:24] {dino} yes
[15:25] {dino} i have 1361,1252,1187,1043 ndx
[15:25] {dino} 855,811,768,676 s/p
[15:25] {dino} 8799,1489,946 6/12
[15:26] {dino} 1471, 920 6/19
[15:26] {ese} hmmmmm for instance a biggie on my COMP is 10/03/08 that needs to be filled to the me that would take priority
[15:26] {dino} it very well may, :)
[15:28] {dino} i suppose depends on recovery, a "v" or "w". i'm in "w" camp
[15:29] {nemo} what about a \/\_________
[15:30] {vinod} it is going to be V=V=W
[15:30] {ese} i'm in w camp with shallow pullback
[15:30] {vinod} V+V=W
[15:30] {ese} comp to me is looking like huge cup and handle
[15:31] {dino} prefer a beer mug
[15:31] {ese} the dow on the other hand doesn't......could head down to 7500 for head and shoulders botom
[15:36] {vinod} have a nice evening to all
[15:37] {Threei} take care vinod
[15:37] {dino} cya vin
[15:37] {ese} cya vin
[15:38] {ese} and still stalking intc .30
[15:39] {wulff} is there some higher trading math I missed?
[15:39] {dino} indeed
[15:39] {dino} pnra sm l .10
[15:40] {dino} 3:40
[15:45] {dino} rbcn
[15:47] {ese} i'm outta here also........take care see ya tomorow
[15:47] {Threei} take care ese
[15:47] {nemo} cuese
[15:47] {dino} cya es
[15:48] {dino} ugh snda, 3 pts over my exit
[15:52] {wulff} yeah. I sold into strength!
[15:52] {wulff} I love what you said.
[15:53] {wulff} hat else are you going to sell into?
[15:53] {Threei} right
[15:53] {Threei} sell peanuts when there is a circus in the town
[15:53] {wulff} still hard to remember and not get greedy
[15:53] {Threei} because when cirus leaves who are you going to sell peanuts to
[15:54] {Threei} or "feed them when they are quacking"
[15:56] {BillyD} ARUN...everyday on scanner but due to chart can't bring myself to trade it
[15:58] {Threei} we traded it couple times
[15:58] {Threei} today is tough
[15:58] {wulff} RIMM loks to Breakout . too bad
[15:58] {Threei} will look at it tomorrow again
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {BillyD} AM strong as an ox
[15:59] {Threei} nice day eve though second half was blah
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {Alw} ty
[15:59] {BillyD} cya
[15:59] {dino} out jpm +.07
[15:59] {Threei} (US) Reportedly, California's bill to cut $11B in spending did not pass (related MUNIS )
[15:59] {Threei} IOU it is
[16:02] {dino} gotta hop, golf. gn all

Tuesday, June 23, 2009

Jun 23 2009

Activity is still low but we got couple very nice bounces on CAT and HIG. Looking at CAT entry in retrospect, $32.20 was as good as it gets.

Session Time: Tue Jun 23 00:00:00 2009

[08:03] {Threei} LVLT Selected by IUSACELL for High-Speed IP Services
[08:03] {Threei} - Under the terms of the three-year agreement, Level 3 will provide high-speed IP services for Iusacell to transport data services within the U.S. via the Level 3 network gateway in south Texas
[08:03] {Threei} - Financial terms not dislcosed
[08:03] {Threei} ASIA Wins Tender to Build New Billing System for Beijing Mobile (18.01, 0.00, 0.00%)
[08:04] {Threei} CLNE Awarded 10 yr contract to build and operate a compressed natural gas (CNG) fueling station by Choice Environmental Services (7.89, 0.00, 0.00%)
[08:05] {Threei} - Co will begin to deploy a new fleet of clean-burning CNG refuse trucks to serve the City of Fort Lauderdale.
[08:05] {Threei} - The companys Florida service area includes Palm Beach, Broward, Collier and Dade Counties.
[08:05] {Threei} - In addition to Fort Lauderdale, Choices customers include the Miami-Dade County School District, one of the nations largest. The new private Clean Energy time-fill CNG fuel station will be located on property owned by Choice in Pompano Beach. The waste and recycling firm is the first in South Florida to convert a portion of its operations to natural gas fuel use.
[08:06] {Threei} BLTXX Baltic Dry Bulk Index -3.8%, (third straight decline
[08:13] {Threei} (US) Former Fed Governor Mishkin: No need to balance the budget right now, but fiscal discipline is needed in the long term
[08:13] {nemo} define long term?
[08:13] {Threei} {Former Fed Governor Mishkin} somewhere beyind our lifetime
[08:14] {nemo} so 2012
[08:21] {level777} mtxx tank on sec inquiry
[08:22] {Threei} as if previous troubles were not enough eh
[08:32] {Threei} OPTV Powers Digital Cable Launch in China (1.25, 0.00, 0.00%)
[08:33] {Threei} Co has launched an end-to-end middleware solution for Southern Yinshi Network Media Ltd, a subsidiary of Southern Media Corporation, one of Chinas leading broadcasting groups. Southern Yinshi is responsible for the digital conversion of 18 municipal and city cable networks of Southern Media Corporation.
[08:33] {Threei} - The end-to-end solution, powered by OpenTV Core2 middleware, enables one of the most comprehensive digital cable offerings in China featuring a variety of enhanced services including: a user interface, an interactive mosaic, as well as weather and customer care applications.
[08:33] {Threei} - The solution has initially launched with Southern Yinshi in the Yangjiang municipality of the Guangdong province.
[08:36] {Threei} BSX
[08:36] {Threei} Boston Scientific Corp MADIT-CRT Trial Meets Primary Endpoint
[08:36] {Threei} - University of Rochester Medical Center today announced that the landmark MADIT-CRT trial has met its primary endpoint. Preliminary results show Boston Scientific cardiac resynchronization therapy defibrillators (CRT-Ds) to be associated with a significant 29% reduction (p=0.003) in death or heart failure interventions when compared to traditional implantable cardioverter defibrillators (ICDs). High risk(1), asymptomatic or mildly symptomatic, New York Heart Association (NYHA) Class I and II(2) patients were enrolled in MADIT-CRT.
[08:37] {fernp} good morning everybody
[08:37] {Threei} fern :)
[08:42] {Threei} quite questionable attempt by market to gap up
[08:42] {nemo} looks very weak
[08:45] {Threei} BAC Announces Common Stock Average Price for Exchange Offer (11.94, 0.00, 0.00%)
[08:45] {Threei} 12.7048
[08:46] {Threei} keeping an eye on BSX
[08:46] {Threei} 10-10.10 is significant resistance area to break
[08:46] {level777} lots of sellers 9.90+
[08:47] {Threei} yup
[08:47] {Threei} if capable of digesting it and breaking, could be a good one
[08:54] {Threei} ACUR Halted: Receives Prelim Review Letter from FDA Regarding Acurox; does believe will receive approval on PDUFA date
[08:57] {level777} bsx over 10
[08:58] {nemo} C&H
[09:00] {Threei} honestly trying
[09:00] {Threei} on daily 10.08 is high probed twice recently
[09:01] {Threei} initial spike earlier today took it to 10.20
[09:02] {Threei} BA *POSTPONES 787 FIRST FLIGHT (46.90, 0.00, 0.00%)
[09:04] {Threei} RU) Russian economy to shrink by 11% in May - IFX
[09:04] {vinod} GM
[09:05] {level777} bsx will need big vol to make a run today
[09:05] {Threei} awww
[09:05] {Threei} MGRM Halted; Being acquired by Labcorp (1.68, 0.00, 0.00%)
[09:06] {Threei} 4.55/share
[09:06] {Threei} someone managed to grab 2.40 before halt
[09:07] {ese} good morning
[09:09] {Threei} ese :)
[09:09] {Threei} vinod :)
[09:14] {Threei} with all the selling, BSX remains stubbornly close to 10
[09:15] {Threei} hard to tell wou outstubborns who
[09:16] {dino} gm all
[09:16] {nemo} dino:)
[09:16] {Threei} dino :)
[09:16] {nemo} how's you're holdover?
[09:17] {Threei} EU and US file joint complaint at WTO against China regarding raw materials (related IYM )
[09:17] {dptl} good morning all
[09:17] {Threei} ACUR open?
[09:17] {Threei} dp :)
[09:18] {Threei} still don't see final verdict by FDA on wires
[09:18] {Threei} trades like refusal
[09:18] {magoo} morning
[09:19] {Threei} magoo :)
[09:20] {Threei} strange ACUR
[09:20] {Threei} if there is news and it'f refusal, it should be a lot lower... if there is no news yet why it's unhalted
[09:21] {magoo} what we stalkin vad?
[09:21] {Threei} BSX
[09:21] {Threei} ACUR
[09:23] {Threei} available for short btw, ACUR
[09:24] {Threei} FITB Fitch cuts ratings to A- from A (one notch); Outlook negative
[09:27] {jfjf64} mornin
[09:27] {Threei} jf :)
[09:28] {Threei} don't see ALGN news
[09:30] {Threei} Long Setup: BSX .90 break if stays above .80
[09:32] {Threei} I don't understand ACUR at all
[09:34] {Threei} Short Setup: CAT .45 if stays below .60
[09:35] {nemo} stop bsx
[09:35] {Threei} did it ever trigger?
[09:35] {nemo} yes
[09:36] {nemo} 9:33
[09:37] {dino} v sm ueic l .02 wide thin
[09:38] {Threei} Short Setup: MTXX .75 breakdown
[09:38] {Threei} oops.. unavailable
[09:38] {Threei} used to be couple days ago
[09:40] {Threei} ACUR is dropping
[09:41] {magoo} mkts dropping
[09:42] {Threei} RIMM, watching for sharp drop into .50 where I get interested in bounce
[09:42] {magoo} quote server vad??
[09:43] {Threei} 20
[09:43] {magoo} ty
[09:47] {dino} watching cedc
[09:47] {Threei} Short Setup: RIMM .10 break
[09:47] {Threei} if stays under .20
[09:49] {Threei} no go
[09:49] {Threei} sheesh
[09:49] {Threei} lol
[09:49] {nemo} they got positive comments yesterday
[09:49] {Threei} FEED Hearing positive comments out of Stansberry (timing uncertain)
[09:49] {Threei} - Firm suggests buying shares of AgFeed Industries Inc. at or below $6.25. (5.78, 0.25, 4.52%)
[09:50] {fernp} FITB bounce?
[09:50] {Threei} most likely
[09:50] {Threei} no clear indication
[09:50] {Threei} hard to nail wntry
[09:50] {Threei} entry
[09:51] {fernp} you posted news, no?
[09:51] {Threei} on what?
[09:51] {Threei} FITB?
[09:51] {fernp} y
[09:51] {Threei} [09:24] {Alert} Threei FITB Fitch cuts ratings to A- from A (one notch); Outlook negative
[09:52] {fernp} thanks
[09:52] {nemo} quote and chart servers a bit squirrely today
[09:53] {Threei} IEA's Tanaka: US must increase spending on renewable energies (related USO FAN TAN )
[09:53] {Threei} no really?
[09:56] {Threei} US Treasury Sec Geithner planning to travel to the middle east and Europe in July
[09:56] {Threei} do we need to know about his vacations?
[09:56] {nemo} no, that's where he gets down on his knees and begs them to buy treasuries
[09:57] {dino} nop thats barney frank
[09:57] {Threei} lol
[09:57] {nemo} the janitor awake?
[10:00] {Threei} MAY EXISTING HOME SALES: 4.77M V 4.82ME
[10:00] {Threei} - Prior revised from 4.68M to 4.66M
[10:00] {Threei} APR HOUSE PRICE INDEX: -0.1% V -0.4%E
[10:03] {jfjf64} rmbs
[10:04] {dino} beat
[10:05] {nemo} rimm off to the races
[10:05] {nemo} fcx too
[10:05] {Threei} CAT
[10:05] {Threei} 33 break...
[10:05] {Threei} ideally, little pullback
[10:05] {Threei} hlding above .90 or .85
[10:05] {Threei} and break
[10:07] {Threei} watching market , if it jumps will grab CAT aggresively
[10:07] {Threei} thing seems to be following with little delay
[10:09] {dino} whippy
[10:09] {Threei} .82 long if stays above .75
[10:10] {nemo} had that one print @ .83
[10:10] {Threei} do you watch levekl 2?
[10:10] {Threei} that print was out of bounds
[10:10] {nemo} don't understand out of bounds, probably how I got nailed on bsx
[10:11] {Threei} offer was .77
[10:11] {Threei} nevcer upticked from there,
[10:11] {Threei} one print went at the price exceeding market
[10:11] {Threei} maybe late print, maybe someone is getting screwed up by his lousy broker
[10:12] {Threei} for our purposes it's not a valid trade
[10:12] {nemo} yeah, didn't hit it
[10:14] {Threei} ese, look dcc please
[10:18] {Threei} F Reportedly receiving $5.9B in new US loans (5.33, -0.05, -0.93%)
[10:19] {nemo} thought they didn't need Fed money
[10:19] {Threei} NSANY Reportedly granted $1.6B in US loans (11.99, -0.23, -1.88%)
[10:19] {Threei} what's going on
[10:19] {Threei} Nissan Motor Co., Ltd The company is expected to be one of the recipients of loans that will be provided by the US Energy Dept - Japanese Press
[10:19] {Threei} - The loans will be used for the production of fuel-efficient cars.
[10:19] {Threei} - Additionally, loans to Tesla and Ford are expected to be announced tomorrow.
[10:19] {Threei} - CEO: Awaiting US govt decision on loan application
[10:20] {Threei} yesterday's announcement
[10:21] {Threei} this market bounce looks like ready to reverse for another leg down
[10:22] {Threei} so far all of them did, in a hectic manner though
[10:22] {Threei} but morning news seems to be over
[10:22] {dino} sm l cedc .03
[10:23] {Threei} UBS US DOJ: Any suggestion that Govt will drop the lawsuit aginst the company is 'untrue'; there is no basis for the NYT report
[10:25] {Threei} trying to find short entries and not finding any structured setup
[10:27] {Threei} grrr.. both RIMM and CAT that I was watching got away, especially RIMM
[10:27] {Threei} RIMM is bounce candidate now
[10:31] {Threei} new breakdown seems to be forming
[10:32] {Threei} CAT nearest resistance is .70
[10:32] {Threei} let's see if we can find shirt entry
[10:32] {nemo} 16 neck
[10:35] {dino} pants
[10:35] {nemo} 30 30
[10:38] {dino} i just got that
[10:38] {nemo} thought I was talking the caliber
[10:39] {dino} y
[10:39] {level777} Ya think UBS popped today on the NYT article?
[10:39] {dino} wow we missed on beat badly, wanted 14
[10:39] {dino} bby sm l .99
[10:40] {Threei} and dropped on denial
[10:40] {dino} indeed l7
[10:41] {nemo} I'm actually an '06 .270 fan
[10:41] {dino} qcom after that gap
[10:41] {level777} clwr
[10:42] {Threei} ok... last bounce of this support, and let's finally nail some short
[10:42] {Threei} this is getting irritating... direction is clear, and no entry
[10:43] {ese} was looking for turnaround tuesday dino.........s
[10:43] {dino} filled qcom
[10:43] {ese} sol
[10:43] {dino} gap that is
[10:43] {ese} am stalking intc at .82
[10:43] {dino} still am es, $ down, we should go up
[10:44] {nemo} housing data was worse than expected
[10:44] {ese} hmmmmmm
[10:44] {dino} all forgotten in a couple hours anyway
[10:44] {dino} imo of copurse
[10:44] {dino} course
[10:45] {Threei} USGS discloses magnitue 7.0 earthquake strikes off Papua New Guinea
[10:45] {Threei} - follow up: Tsunami alert has been issued
[10:45] {level777} o my
[10:45] {vinod} back here again--any thing exciting?
[10:45] {dino} main thing, next downside gaps 8016, 1361, 855
[10:45] {Threei} (EU) EU Energy Commissioner: Oil around $70/bbl is a fair price (related USO )
[10:45] {Threei} lol
[10:45] {dino} i think oil at 20 is fair
[10:46] {nemo} me too
[10:46] {Threei} great... CAST doesn't even try to bounce with market anymore
[10:46] {Threei} CAT
[10:46] {dino} qcom sm l .50
[10:48] {Threei} FMCN Hearing Piper analyst defending FMCN, on belief that asset sale to SINA will go ahead as planned (timing uncertain
[10:49] {Threei} Long Setup: RIMM .90 break
[10:49] {Threei} invalidated
[10:50] {Threei} let's modify it to .80 break
[10:50] {Threei} with .70 support
[10:50] {Threei} invalidated
[10:50] {Threei} CAT, I can't believe it
[10:51] {Threei} clear short, and impossible to find entry
[10:51] {level777} fmcn have a play in it?
[10:51] {Threei} who knows... pure speculation
[10:52] {Threei} matter of questionable takeover
[10:52] {Threei} negotiated, stalled, now all kinds of rumors swirl around
[10:54] {Threei} wow
[10:54] {Threei} look at UAUA
[10:57] {vinod} can we get 10 cent from UAUA?
[10:57] {Threei} doesn't show any signs of firming up
[10:58] {level777} fmcn running
[10:59] {magoo} rimm valud
[10:59] {magoo} ?
[10:59] {Threei} IMO, short into bounce
[10:59] {vinod} in UAUA 3.08 stop at 3.00
[11:02] {wulff} who thinks relief rally?
[11:02] {vinod} 0ut 3.18 only 2k
[11:02] {nemo} qcom
[11:02] {nemo} sorry
[11:04] {Threei} starts feeling like that wulff
[11:04] {Threei} if materializes:
[11:04] {Threei} Long Setup: CAT .20 break
[11:08] {Threei} (CA) BoC's Carney: Recession in Canada is as deep as the US (related USD/CAD EWC )
[11:09] {nemo} 1:1 cat
[11:10] {vinod} offer cat at .30 no one took it
[11:10] {nemo} longs are probably scalps today
[11:11] {nemo} or, have been so far
[11:11] {vinod} stop on CAT?
[11:11] {Threei} .13
[11:11] {nemo} under lod
[11:11] {vinod} thanks
[11:14] {Threei} FMCN played nicely off news
[11:15] {dino} down rough;y 7% dji, ndx, s/p since the 11th(7 1/2 trade days)
[11:15] {vinod} out of CAT
[11:16] {nemo} 1:1 again
[11:16] {Threei} I am holding half
[11:16] {Threei} want to explore wulff's idea
[11:16] {Threei} stop to under .20
[11:16] {vinod} meno S&P broke 889 is bad news for market?
[11:17] {wulff} no more selling at this point, which should mean...
[11:17] {jfjf64} me too partner
[11:17] {Threei} vinod... with this volume, it's all can change on a dime
[11:17] {Threei} I see these days as day by day decision-making
[11:18] {Threei} no firm trend for any exteneded period of time
[11:18] {wulff} herds can be hard to contain
[11:18] {Threei} especially bisons
[11:19] {Threei} 1:2, 1/4 more out
[11:19] {vinod} shit I got out early in CAT
[11:19] {Threei} USGS reports magnitude 4.3 quake in Nevada (related TAYD )
[11:20] {Threei} 2 earthquakes in one day? it's not 2012 yet
[11:21] {wulff} all that and my TV broke!
[11:21] {dino} big one yesterday too alaska
[11:23] {Threei} nemo... you sure they haven't moved it to 2009?
[11:23] {nemo} gotta' start somewhere...I'm growing my hair long...with the beard I'm getting that Moses look...can't walk like Charlton Heston
[11:24] {Threei} CAT last portion stop to under .30
[11:24] {nemo} 1st crisis 2007, 2nd crisis 2010, Cous de gras 2012
[11:24] {Threei} maybe a bit dtingy trailing but I want to preserve every little bit of profits
[11:24] {Threei} they are precious these days
[11:25] {jfjf64} i agree
[11:25] {Threei} usually I prefer new high before trailing,
[11:26] {Threei} but it bounced nicely off .30 so trailing is justified
[11:26] {Threei} Long Setup: HIG .76
[11:27] {Threei} stop under .70 for scalpers
[11:27] {Threei} under .65 for day traders
[11:27] {Threei} ok CAT.. double top or new high?
[11:28] {magoo} in higmoint
[11:29] {Threei} good boy CAT
[11:29] {Threei} break .50 and spike please
[11:29] {Threei} HIG 1:1 for pesky scalpers
[11:29] {Threei} CAT 1:3 here
[11:30] {Threei} make your choice between exit and trailing to under .40
[11:30] {Threei} UAW Official notes talks with Ford are continuing, unclear if current discussions will lead to new contract (related F F.IT GMGMQ )
[11:30] {Threei} lol
[11:31] {Threei} last automaker standing... UAW just can't let it survive, can it
[11:31] {magoo} is there news aapl vad?
[11:31] {Threei} nothing fresh
[11:31] {nemo} gov't will step in and give them the company
[11:31] {magoo} if IF mkts go green it should be bouncer
[11:32] {wulff} Jobs liver something...
[11:33] {magoo} frwsh news?
[11:33] {Threei} 20 Jun 2009 08:32 AAPL WSJ: CEO Steve Jobs had liver transplant
[11:33] {Threei} - Steve Jobs has received a liver transplant in Tennessee and he is on track to return to work
[11:33] {Threei} look at the date
[11:33] {magoo} u think he bought that liver?
[11:34] {Threei} I would if I were him
[11:34] {Threei} if there are livers for sale, someone needs that money...
[11:34] {Threei} HIG 1:1 for day traders
[11:34] {Threei} CAT 1:4 is coming
[11:34] {magoo} hire the assassin to shoot me up a fresh donar
[11:35] {Threei} out CAT in full
[11:35] {Threei} +.37
[11:35] {Threei} out half HIG
[11:35] {Threei} +.12
[11:35] {Threei} stop to under b/e
[11:35] {Threei} whew... life becomes brighter
[11:35] {dino} gj
[11:35] {Threei} ty
[11:36] {Threei} wulff had right idea
[11:36] {wulff} my new liver feels better and better
[11:37] {nemo} out hig ty
[11:37] {Threei} sure thing
[11:37] {Threei} out HIG in full
[11:38] {Threei} don't like this time for longer hold
[11:38] {Threei} we got a piece of nice recovery
[11:38] {nemo} no plus it's really a financial stock
[11:38] {magoo} out hig full .95 TY
[11:38] {Threei} welcome mags
Session Close: Tue Jun 23 11:38:41 2009

Session Start: Tue Jun 23 11:38:41 2009
Session Ident: #discussions
02[11:38] * Disconnected
02[11:44] * Attempting to rejoin channel #discussions
03[11:44] * Rejoined channel #discussions
[11:45] {Threei} wow
[11:45] {Threei} lost connection
[11:45] {nemo} what? with reality?
[11:45] {dino} ufpi
[11:45] {magoo} withh common courtesy he he
[11:46] {Threei} never had any connection with that one
[11:46] {nemo} oh, I find zoloft and lithium help
[11:46] {Threei} with or without vodka?
[11:46] {ese} L intc .81
[11:47] {nemo} you really did lose connection
06[11:47] * nemo slaps Threei around a bit with a large bottle of Kettle 1
[11:47] {dptl} did i hear vodka?
[11:48] {nemo} read it...
[11:48] {nemo} question of the moment: jbe or dbi on cat?
[11:49] {Threei} dp... yes - grab a bottle and jump on the next ferry
[11:50] {dino} gut says up to +50 dji
[11:50] {magoo} rimm trying next leg
[11:50] {Threei} it can't be DBI, nemo
[11:50] {Threei} no D
[11:50] {nemo} sorry, true
[11:51] {nemo} break of .65 then?
[11:53] {Threei} hmmm
[11:53] {Threei} toughie
[11:58] {magoo} out rimm .67..+ .35
[11:59] {dino} gj
[12:03] {magoo} RIMM on a mission
[12:03] {magoo} from god
[12:06] {wulff} this range bound stuff is annoying
[12:08] {wulff} I said relief RALLY.
[12:08] {nemo} cat vad
[12:10] {Threei} does exactly nothing
[12:10] {dino} lol wulff
[12:10] {Threei} so should we
[12:10] {vinod} in FAZ 5.24 stop at 5.16 for 10 cent
[12:10] {nemo} yeah, dancing in that range, I was thinking if drops below .58 short
[12:11] {Threei} wulff... by these days standards, we already had one, lol
[12:11] {Threei} and I would say, we exploited it to its fullest extent
[12:11] {nemo} frickin' capitalists...always exploiting
[12:13] {Threei} yeah... exploitation of one human being by another... that's capitalism
[12:13] {Threei} of course under socialism it's just the opposite
[12:13] {nemo} oh...back to that
[12:29] {Threei} GMGMQ US Trustee says GM advisors are charging unreasonably rich fees of as much as $1,000/hour
[12:30] {Threei} huh?
[12:31] {Threei} Prez on TV
[12:32] {Threei} appaled and outraged
[12:32] {dino} isn't he always
[12:34] {dino} cedc stop to .41
[12:36] {magoo} talking about energy bill
[12:36] {magoo} clean energy
[12:36] {magoo} fslr bounced on it
[12:37] {magoo} l aapl .75
[12:37] {magoo} sorry fast
[12:38] {magoo} thinking .20-.40 area
[12:38] {Threei} (US) President Obama: Strongly condemn 'unjust' actions in Iran, US is not interfering in its affairs
[12:41] {dino} out cedc .50, +.47
[12:41] {magoo} stop flat now
[12:42] {magoo} waiting .43
[12:42] {magoo} gobnna tregrett the exit too i feel
[12:44] {magoo} [12:42] {magoo} gobnna
[12:44] {Threei} mags... we are still trying to underatand what it meant first time
[12:45] {Threei} Obama: Bernnake has done a fine job under circumstances
[12:45] {Threei} "good job Bernie"
[12:45] {magoo} i rtried too read it...didnt remember what i said
[12:52] {magoo} out aapl 134..+.25
[12:52] {magoo} ty vad
[12:53] {Threei} hmm?
[12:53] {Threei} you are welcome of course
[13:02] {Threei} - indirect bidders take 68.7% of competitive bids
[13:02] {Threei} EMKR Signs solar power agreement (1.27, 0.01, 0.79%)
[13:03] {Threei} This 20-year agreement with EMCORE consists of 114 kilowatts of solar power produced onsite at EMC
[13:04] {nemo} the auction seems to be jacking everything
[13:11] {magoo} i reloaded aapl .75 on that pullbk
[13:11] {magoo} sotrry about posdst
[13:11] {magoo} same range
[13:14] {dino} it's like magoo isn't typing english
[13:15] {magoo} ouyt here .99
[13:15] {magoo} + .24
[13:17] {Threei} US President Obama: There is no current need for a second stimulus package (related TLT SHY EUR/USD USD/JPY )
[13:17] {Threei} strange
[13:17] {Threei} I thoufght these guys never met stimulus of bailout they didn't like
[13:18] {nemo} maybe they figured they need it but won't be able to get anyone to lend them the money
[13:19] {magoo} i need some stimulus :)
[13:21] {ese} gotta hit the trail....still nursing my intc position.....just my speed at this time of year.....too much going on at school..cya tomorow
[13:21] {Threei} take care ese
[13:21] {ese} see ya vad
[13:22] {dino} qcom stop to .89
[13:25] {dino} out qcom +.40
[13:26] {jfjf64} hun .86 break here
[13:27] {level777} hig sure had a nice bounce there 3i
[13:27] {level777} great call
[13:27] {Threei} ty
[13:27] {Threei} we exited a little early but no regrets here
[13:28] {level777} my kids home from school 6, 10 & 14 called a scalp for .10 ion it for me lol
[13:28] {level777} now i cant get them away from my screen
[13:32] {dino} what commission they charging
[13:41] {level777} keep asking me "how much did we make, how much did we make"
[13:42] {Threei} suggest them to calculate an otcome in tablespoons aof icecream... that'll keep them busy
[13:43] {dino} lol
[13:58] {magoo} vad, what u stalin?
[13:58] {magoo} stalkin he hew
[13:58] {Threei} there is this piece of ham...
[13:58] {Threei} looks darn stalkable
[14:02] {wulff} crazy moves in aAPL
[14:08] {Threei} ever since those bounces that we played were done, market lost feel of direction
[14:13] {dino} dltr sm l .50
[14:16] {nemo} cat hanging around highs for 3r time
[14:16] {nemo} 3rd
[14:20] {Threei} if market spikes again, let's try this one for a scalp:
[14:20] {Threei} Long Setup: PALM .75 break
[14:21] {Threei} if retreats under .65, rather becomes a bounce candidate
[14:21] {Threei} .55 - .60 nearest support
[14:21] {level777} h
[14:23] {wulff} i
[14:30] {jfjf64} plan b
[14:35] {level777} g
[14:37] {dino} out ueic ave. .68, +.66
[14:41] {Threei} OK, no breaks
[14:41] {Threei} let's see if bounces shape up
[14:41] {Threei} I don't want to try shorting
[14:41] {Threei} doesn't feel like it's in cards
[14:41] {jfjf64} waitin on ya boss
[14:42] {Threei} don't... I am afraid I'm going to get stuck here, dp has this strangely attractive bottle in his pocket...
06[14:45] * Threei slaps dptl around a bit with a large appeal to stop tempting sober people with vodka
[14:45] {BillyD} Hi vad
[14:45] {Threei} Bily!
[14:45] {BillyD} How are you
[14:45] {Threei} welcome back'
[14:45] {BillyD} ty
[14:45] {Threei} long time no see
06[14:45] * magoo slaps BillyD around a bit with a large trout
[14:45] {magoo} hey bro
[14:45] {BillyD} I feel at home now magoo :)
[14:45] {Threei} ahha... welcoming commettee is right here
[14:45] {Threei} lol
[14:45] {BillyD} consistent
[14:45] {BillyD} lol
[14:46] {Threei} yeah, you can rely on us
[14:48] {Threei} I don't dfeel striongly about this bounce but risk is very small
[14:48] {Threei} PALM, right here
[14:48] {Threei} with .54 - .55 stop
[14:49] {Threei} if you feel like 50/50 trade with small stop
[14:56] {magoo} vad..r or r?
[14:57] {Threei} can't tell
[14:58] {dptl} have a good evening all
[14:58] {Threei} take care dp
[14:58] {magoo} why wont u tell?
[14:58] {Threei} leave the bottle here
[14:58] {Threei} I would... I can't
[14:58] {Threei} I promised dp
[14:58] {Threei} not to tell anyone
[14:59] {dptl} :)
[15:04] {vinod} last hour going to be a happy hour
[15:05] {BillyD} Vad, many trades today
[15:05] {Threei} certainly - the question is for whom
[15:05] {BillyD} lol
[15:05] {Threei} not many... but couple fairly good ones
[15:07] {BillyD} selectivity the key last few days it seems
[15:07] {BillyD} more so than others
[15:07] {Threei} true
[15:08] {dino} sm pru l .50
[15:10] {Threei} The Nasdaq Stock Market, Inc Reportedly planning increased rebates to certain US order customers in efforts to increase market share
[15:10] {Threei} - Note on 6/16 CME modified their e-mini fee schedule with a volume based incentive program, effective Sept 1
[15:12] {jfjf64} rimm bounce??
[15:13] {Threei} from under .50, I'd feel much safer
[15:13] {Threei} here it's a toss-up
[15:13] {jfjf64} ty
[15:15] {wulff} wacky day...what else is new
[15:19] {Threei} RIMM is getting there
[15:19] {Threei} let it drop sharply
[15:21] {jfjf64} waitin on ya boss
[15:21] {Threei} does it mean I'll have to wake up? :(
[15:23] {Threei} see how it can't raise its head?
[15:24] {Threei} it needs a good flush
[15:24] {jfjf64} this might be level?
[15:24] {Threei} otherwise even if it bounces, it's going to be labored one not worth the risk
[15:24] {Threei} no
[15:24] {Threei} I am not touching it here
[15:25] {Threei} shrap flush is one version of what I want to see,
[15:25] {Threei} another is, stalling here, forminbg range, then breaking it wqith matkert jump
[15:25] {Threei} If it just reverses here, I prefer to let it go
[15:26] {Threei} gosh... mags, that typing teacher yopu recomended really does miracles
[15:26] {magoo} :)
[15:26] {Threei} lol, it's as if I type with my knees
[15:30] {Threei} RJET to Acquire Midwest Airlines
[15:30] {Threei} interesting... consolidation starts in beaten down industry
[15:38] {Threei} now having the benfit of insight,
[15:38] {Threei} have a look at CAT 1 min
[15:38] {Threei} and notice where we got it long
[15:39] {Threei} if that is not a prefect entry
[15:40] {dino} 3:40
[15:43] {dino} they've been killing them into the close lately
[15:44] {BillyD} what was your CAT entry
[15:44] {nemo} .20
[15:44] {Threei} 23.20 second recross
[15:44] {Threei} on the way back up
[15:44] {Threei} 32.20 of course
[15:44] {BillyD} 32.30....
[15:44] {BillyD} lol
[15:45] {Threei} seriously, how much better does it get
[15:45] {BillyD} that was area I thought
[15:45] {BillyD} now...did you hold til 33
[15:45] {Threei} as in "I wouldn't expect any less from you"? :)
[15:46] {Threei} no, for over .50
[15:46] {BillyD} lol
[15:46] {Threei} sold .58
[15:46] {BillyD} into resistance
[15:50] {Threei} whoa RJET
[15:51] {BillyD} hard spike
[15:52] {Threei} will be interesting one to watch tomorrow
[15:53] {BillyD} reminds me on ONTY & CLWR yesterday eod
[15:55] {dino} out pru .80, +.30
[15:55] {dino} out bby .00, +.01
[15:57] {dino} out met .41, -.09
[15:57] {Threei} okay guys, thank you all
[15:57] {Threei} I suspect tomorrow will be a bit more active
[15:57] {Threei} just feeling in the air
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {BillyD} cya
[15:57] {Alw} ty
[15:58] {Threei} hi Alw, welcome to the room
[15:58] {Alw} ty
[16:02] {fernp} good nite all

Monday, June 22, 2009

Jun 22 2009

That was beyond boring. 5 trades, 2 wins, 3 stops amd a lot of yawns

Session Time: Mon Jun 22 00:00:00 2009

[08:21] {Threei} 8:01:26 AM
[08:21] {Threei} EMCORE Corporation Awarded $5.7M Air Force research laboratory contract
[08:21] {Threei} - Two-year contract calls for EMCORE to demonstrate high efficiency solar cells for space applications, as well as investigate advanced photovoltaic devices based on inverted metamorphic (IMM) structures
[08:21] {Threei} - The contract also includes a provision for an additional twelve-month award of $3.4 million for advanced IMM development once the base contract has been completed.
[08:22] {Threei} MEDX pop, I don't have news for it
[08:25] {_levelseven} single dose of drug cures inoperable prostate cancer...something like that
[08:26] {_levelseven} release of study
[08:27] {Threei} ty
[08:27] {Threei} for some reason doesn't show on my news feed
[08:27] {Threei} ahha
[08:27] {Threei} popped up just now
[08:27] {Threei} Medarex Patients with inoperable prostate disease recover after single dose of drug - The Independent
[08:27] {Threei} - The results were so startling that researchers decided to release details of the two cases before the drug trial - in which the patients took part - was complete. Doctors said their progress had exceeded all expectations. The men were treated at the Mayo Clinic in Minnesota in the US, one of the top medical centres in the world.
[08:28] {_levelseven} "recover".
[08:29] {_levelseven} does that mean cured?
[08:29] {Threei} shrug
[08:33] {Threei} trades like it's a biggie
[08:33] {_levelseven} yea
[08:33] {_levelseven} i scalped for .20 but dont trut it
[08:34] {_levelseven} trust
[08:34] {Threei} yeah, too much air under it
[08:34] {_levelseven} 2 patients and havent gone trough full clinicals
[08:34] {Threei} when profit tsaking hits, look out
[08:34] {_levelseven} big shareholders will be dummping
[08:34] {_levelseven} oops
[08:55] {fernp} good morning
[08:55] {cosmo} mrvl sees better times ahead fwiw
[08:56] {Threei} fern :)
[08:58] {nemo} good morning
[08:59] {Threei} nemo :)
[08:59] {nemo} whaddi miss?
[08:59] {nemo} By the way, I hate comcast
[09:03] {ese} good morning
[09:03] {Threei} ese :)
[09:03] {nemo} Raven, how was your visit with the brethren?
[09:05] {ese} would that be MEDX vad?
[09:06] {Threei} would be what?
[09:07] {ese} medarex co.
[09:07] {ese} was just reading your prior posts
[09:08] {Threei} oh... yes,
[09:08] {Threei} [08:22] {Threei} MEDX pop
[09:08] {ese} tks
[09:08] {KSystems} morning
[09:08] {Threei} KS :)
[09:08] {ese} ks
[09:10] {Raven} nemo ... twas good ... lotta land ... no people
[09:10] {nemo} That "no people" part really appeals to me
[09:11] {Threei} Raven, welcome back :)
[09:11] {cosmo} R.....did you take a gieger counter?
[09:11] {Raven} 3i :)
[09:12] {cosmo} geiger
[09:12] {nemo} oh yeah, lotta' old silos up that way
[09:12] {Raven} I took my rubber boots ...
[09:12] {cosmo} hmm
[09:12] {cosmo} level A
[09:12] {Raven} yup
[09:12] {cosmo} your choice
[09:13] {Raven} highways empty
[09:13] {cosmo} i saw that movie...
[09:13] {Raven} lotta flooded rivers ...
[09:14] {Raven} flooded rivers here too now
[09:17] {cosmo} i blame algore
[09:17] {_levelseven} medx down .50 from hi
[09:20] {Raven} no floods for you then, cosmo
[09:20] {Raven} just the baking sun
[09:20] {cosmo} sigh... i know
[09:23] {dino} gm all
[09:23] {cosmo} mrvl tests
[09:23] {dino} medx?
[09:23] {Threei} dino :)
[09:24] {nemo} dino...alarm clock worked this morning?
[09:24] {Threei} [08:27] {Alert} Threei Medarex Patients with inoperable prostate disease recover after single dose of drug - The Independent
[09:24] {Threei} [08:27] {Alert} Threei - The results were so startling that researchers decided to release details of the two cases before the drug trial - in which the patients took part - was complete. Doctors said their progress had exceeded all expectations. The men were treated at the Mayo Clinic in Minnesota in the US, one of the top medical centres in the world.
[09:26] {dino} yeah, up at 6:30 everyday, 2 mile walk, bank, bunch of emails, r.e. driveby and here i am
[09:26] {dino} half a day already
[09:27] {nemo} yeah, know what you mean..I'm lucky to sleep past 5
[09:31] {dino} 8461 low last week
[09:32] {Threei} WFC dive to or just under .70 will be interesting for long entry
[09:32] {dino} 1439, and 903
[09:33] {Threei} if holding above .80, .90 break is trigger
[09:33] {_levelseven} medx drilled
[09:33] {Threei} 50/50
[09:33] {Threei} MEDX needs more selling
[09:33] {_levelseven} huge float
[09:33] {dino} why's it up?
[09:34] {Threei} I posted news for you dino
[09:34] {Threei} 9:24
[09:34] {nemo} prostate miracle on "two" inoperable patients
[09:35] {dino} opps
[09:35] {Threei} WFC holding well
[09:36] {Threei} 1:1
[09:36] {Threei} half out or scalp
[09:37] {Threei} 1:2, 1/4 more
[09:37] {Threei} 1:3
[09:37] {ese} .20 range medx gonna try long .80
[09:37] {Threei} sharp jump, out in full
[09:37] {Threei} got .15 on exit
[09:37] {Threei} +.24 overall on last portion
[09:37] {dino} wynn gap fill
[09:38] {jfjf64} mornin
[09:38] {ese} L medx
[09:38] {Threei} jf :)
[09:38] {ese} .81
[09:38] {Threei} yeah, MEDX digested the range
[09:38] {ese} out
[09:38] {Threei} look for re-entry on pullback
[09:38] {ese} .89 +.08
[09:39] {Threei} it looks capable of more
[09:39] {nemo} how many little buggers ese?
[09:39] {ese} 3k
[09:39] {Threei} closest support is .65
[09:39] {ese} yes
[09:41] {_levelseven} tstr still going..geez
[09:42] {ese} lookin to go long again at .93 nemo
[09:42] {nemo} spy and qs dropping
[09:42] {ese} if we get higher low here on 1min ch
[09:42] {dino} rimm more pain
[09:43] {nemo} tck held double bottom
[09:43] {ese} intc not following qqqq's could be an up day by the end of it
[09:43] {Threei} poor MTXX
[09:44] {jfjf64} yup
[09:45] {_levelseven} said Fri tstr wanted $2
[09:45] {dino} neog nice spread, lol
[09:46] {jfjf64} medx anythin ther yet vad
[09:46] {Threei} .90 break worth a try, just keep in mind this is very risky one
[09:47] {_levelseven} any tstr news?
[09:47] {jfjf64} i lk risk on monday
[09:47] {Threei} pulled back too far
[09:47] {jfjf64} hmmm
[09:48] {jfjf64} yes
[09:48] {ese} am gonna try .93 medx vad
[09:48] {ese} nope invalid now
[09:48] {Threei} nah ese
[09:49] {ese} is that nah invalid or bah .93
[09:49] {jfjf64} ya hold medx ese ill hit it with 9 iron
[09:49] {Threei} nah to breakout
[09:50] {ese} looks like it'll need a 7 iron now jf
[09:50] {dino} lol
[09:50] {jfjf64} lol
[09:51] {ese} intc against the crowd......
[09:51] {Threei} Long Setup: RMBS .65 break
[09:52] {ese} high 4 days ago waitin on that...plan on going swing long
[09:52] {nemo} in
[09:53] {nemo} uner .55 for stop?
[09:53] {Threei} for scalp yes, for a day trade under .50
[09:55] {dino} getting bloody
[09:55] {nemo} intc dropping
[09:56] {dino} next gaps down, 8016, 1435, 855
[09:58] {ese} have the same feeling as last monday......does not feel like a down day even though at this point we are.......
[09:59] {_levelseven} tstr wont stop, might be something driving this run..isnt this day 3 or 4?
[09:59] {ese} lots of time nemo....lots of time
[09:59] {ese} was there news last week L7
[10:00] {ese} that sure is a nice move there
[10:00] {Threei} nope... whole move is done on no news
[10:00] {ese} tstr that is
[10:00] {_levelseven} tstr should be tired out by now..something else happening here imo
[10:01] {ese} hmmmmmmm then that looks the the Vancouver stock exchange.....speculation
[10:02] {nemo} stopped
[10:02] {Threei} WFC becomes interesting again
[10:02] {_levelseven} tstr dip buying
[10:03] {Threei} CDE US Supreme Court rules in favor of company with regards to gold mine permit in Alaska (10.19, -0.61, -5.65%)
[10:04] {jfjf64} wfc
[10:06] {Threei} .53 long if holding .45
[10:07] {nemo} in
[10:08] {KSystems} i am selling ADRE here for a longer term swing
[10:09] {Threei} Long Setup: HIG .50 break if holding above .40
[10:10] {nemo} in
[10:11] {nemo} stopp wf
[10:11] {_levelseven} in tstr 06
[10:17] {jfjf64} steady vol hig
[10:17] {dino} ru wants gap 35.70 area
[10:18] {dino} tutr
[10:18] {Threei} it's holding well, just needs market to raise its head finally
[10:18] {dino} dltr, fdo, wmt positive
[10:18] {dino} tutr nuts
[10:19] {Threei} no news that I see
[10:20] {Threei} grrr
[10:20] {Threei} market not finding support
[10:20] {nemo} skf
[10:21] {nemo} oops
[10:22] {Threei} ok, what was that on TUTR??
[10:23] {_levelseven} wow
[10:23] {KSystems} ATAI :)
[10:25] {Threei} MEDX Hearing RBC making cautious comments (timing uncertain) (8.30, 0.94, 12.77%)
[10:26] {Threei} ATAI Trading up 35%; no fresh positive news seen
[10:26] {Threei} - TUTR, another maker of education software, is also moving higher with ATAI
[10:30] {Threei} ATAI is still ticking
[10:36] {dino} 1435 ndx filled
[10:36] {vinod} Good Morning
[10:36] {Threei} vinod :)
[10:43] {dino} watching pru, dltr, wynn, bby, snda, met fwiw
[10:43] {Threei} Long Setup: CAST .30 if holding above .20
[10:44] {ese} well it started out a promising day......just nothing happening on my scans
[10:44] {dino} qcom too
[10:45] {ese} whoa what was that litle dive to .09 in CAST
[10:55] {dino} sm l; snda .00
[10:57] {ese} indexes working in your favor dino
[10:58] {Threei} CAST invalidated
[10:59] {nemo} understatement
[10:59] {Threei} lol
[10:59] {dino} so far
[10:59] {nemo} this is not a "long" day
[10:59] {nemo} so far
[10:59] {Threei} extra-invalidated?
[10:59] {nemo} CSNY
[10:59] {nemo} INVALIDATED
[10:59] {vinod} looks little scary this morning?
[10:59] {nemo} vaseline morning
[11:00] {dino} s/p 900 line in sand imo
[11:00] {vinod} short SPY? dino
[11:01] {nemo} tck strengthening fcx weakening...interesting
[11:01] {dino} no, will use it as guide on others
[11:01] {nemo} Cast xtra xtra invalidated
[11:02] {ese} like hair shampoo......extra normal
[11:02] {dino} world bank saying china stockpiling of commodities to slow, fcx
[11:02] {nemo} yes, but tck should be going down too, maybe fcx bigger exposure to australia
[11:03] {Threei} NY Fed: Purchased $7.49B in $300B outright coupons purchase;
[11:03] {dino} just fyi nemo
[11:03] {Threei} Dealers submitted $20.7B for consideration (bid to cover 2.76)
[11:03] {Threei} - Heaviest purchase was $4.28B for the 08/15/15 maturity
[11:03] {dino} posted on real$
[11:04] {nemo} hey ese, that spike down on cast doesn't look so big anymore lol
[11:05] {Threei} lol
[11:05] {ese} i'll say
[11:06] {ese} odd market........
[11:07] {dino} snda stopped -.40
[11:10] {jfjf64} medx
[11:10] {ese} whats with drys
[11:10] {Threei} no news
[11:11] {ese} ya.......seems like someone is driving it down to buy cheap shs.......scare the crap out of someone...get there shs
[11:12] {_levelseven} thats what brokers tell their clients when long positions go south
[11:12] {ese} hmmmmmm
[11:13] {dino} qcom sm l .50
[11:13] {dino} lol l7; that or double up
[11:22] {dino} ueic drop
[11:30] {Threei} PIMCO's McCulley: The size of the monetary base is not directly connected to inflation; Fed paying interest on reserves is a valuable tool; PIMCO is "dramatically underweight" USTs - TV interview
[11:30] {Threei} Given the amount of slack in the economy, its hard to see inflation as a big problem right now.
[11:30] {Threei} - Mortgages are backing up because Treasuries are backing up, expects this to impact the recovery by weakening the prospects for housing improvements. The upshot is that the Fed will be on hold longer.
[11:30] {Threei} - Believes that market would "self correct" if mortgage rates rose further.
[11:30] {Threei} - suggests the FOMC statement this week could modify the statement on holding rates at an "exceptionally low level for an extended period," to be contigent upon the economic forecast.
[11:38] {Threei} I am long YAWN
[11:38] {nemo} they make mattresses?
[11:38] {nemo} matresses?
[11:39] {nemo} ?
[11:39] {ese} is that a legit stock
[11:39] {ese} yawn
[11:39] {nemo} duh?
[11:39] {nemo} yeah, it's trading at 0.00...just checked
[11:40] {ese} no it's trading 15.83
[11:40] {Threei} White House: US President Obama to conduct press conference on Tuesday at 12:30pmET
[11:40] {Threei} oh good
[11:40] {nemo} dbi setup on rimm on the 5 min.
[11:45] {Threei} GE CEO: Opposed to separation of banking and commerce - CNBC (11.61, -0.49, -4.05%)
[11:45] {nemo} I wonder why
[11:45] {Threei} heh
[11:46] {Threei} there was an article last week about GE being hit hard by new regulations
[11:46] {nemo} yeah, because of GE finance
[11:46] {Threei} right
[11:47] {dino} where they messed up royally
[11:49] {nemo} rimm broke low
[11:50] {dino} feels like 65 magnet
[11:50] {nemo} or 12lb sledge
[11:54] {dino} pru gap fill from wed close
[11:54] {dino} met working towards it
[11:58] {Threei} hmmm... we don't have to wait till tomorroqw to see Prez on TV
[12:02] {_levelseven} hes on tv so much, he should have has own reality tv show
[12:03] {nemo} he does, it's called ABC News
[12:04] {jfjf64} or whats happenin
[12:13] {ese} whats driving the nasdaq down today....opinions?
[12:13] {nemo} it's been topping, also, hangover from options ex
[12:14] {ese} how do mean.....hangover from options day nemo?
[12:14] {ese} new positions are established again arn't they?
[12:15] {dino} met sm l .50
[12:15] {ese} check that......not necessarilly
[12:15] {nemo} options ex tend to be positive days. And the day after tend to be hangovers. I don't understand all the mechanics, the quant trader strategies seem to drive it.
[12:16] {dino} imo, es we've gone straight up about 43%, pullback time, plus are things really that much better or getting better. less worse perhaps, but........
[12:16] {ese} hmmmm ok....i get what your saying
[12:16] {nemo} there's that also
[12:21] {vinod} nemo-what happen to your friend grasshopper?
[12:21] {nemo} maybe the pesticides?
[12:21] {nemo} praying mantis?
[12:22] {nemo} Raven?
[12:22] {vinod} really?
[12:22] {nemo} see the question marks, Vino?
[12:23] {vinod} I beter keep quite
[12:24] {vinod} actually it is YAWN. one I brought based on Boss's call
[12:28] {vinod} Is there a chance to squeeze 10 cent from FAZ/EEV/SRS?
[12:30] {Threei} FAZ looks better for that
[12:30] {Threei} we need market breakdown to get next leg up on FAZ
[12:30] {vinod} in faz 5.19
[12:40] {Threei} what can I say vinod... 2 cents in 10 minutes - with this speed you'll make serious money sometime this millenium
[12:42] {vinod} I was getting restless today. it is going to work out and i will have my 10 cent only 2k
[12:43] {vinod} my stop is very tight
[12:47] {Threei} Long Setup: QID .48
[12:53] {Threei} held .40 on this pullback, so let's make it invalidating level
[12:53] {Threei} and support for stop placement if triggers
[12:53] {Threei} 4 cents vinod
[12:53] {Threei} life accelerates
[12:54] {dino} cedc blood
[13:02] {Threei} QID invalidated
[13:06] {dino} -3% ndx today
[13:06] {Threei} and the day is far from over
[13:07] {dino} it's a good day to die
[13:07] {nemo} samurai
[13:07] {Threei} first day of summer?
[13:08] {dino} worf, star trek... "and the day's not over yet"
[13:09] {nemo} what the samurai said every morning when they awoke
[13:12] {Threei} FAZ is making someone richer by the... ummm... hour?
[13:17] {Threei} JD Power quality survey shows Ford and Chevy narrow gap of initial quality with Toyota
[13:17] {Threei} - domestic vehicle quality scores up by more than 10% y/y.
[13:17] {Threei} - Chysler still needs to make substantial progress on quality.
[13:21] {fernp} have to go. good evening all.
[13:21] {Threei} take care fern
[13:25] {Threei} FAZ is coming to those 10 cents
[13:27] {Threei} 1:1 reached
[13:27] {Threei} congratulations vinod
[13:37] {vinod} thanks, I was out but it got sold
[13:37] {Threei} cool beans
[13:45] {Threei} (JP) US and Japan are to sign a 'fast track' customs clearance agreement - Nikkei news (related USD/JPY EUR/JPY JGB )
[13:53] {Threei} if this is ot a thing of beauty:
[13:53] {Threei} [13:38] * KSystems was kicked by ChanServ
[13:54] {Threei} it like my own house would kick me out
[13:55] {nemo} like when the wife tells you she wants a divorce and puts a restraining order on you
[14:03] {Threei} Mortgage Banker's Association(MBA) forecasts 2009 originations at $2.0T v $2.7T prior
[14:03] {Threei} - Cites lower rate/term refinancings and lower volumes
[14:05] {Threei} you guys wiill be very surprised I bet,
[14:05] {Threei} but you know who is coming live on TV?
[14:09] {dino} not again
[14:10] {Threei} "Children are agressively targeted by tobacco companies"
[14:10] {Threei} is it a proven fact?
[14:10] {Threei} quite a strong accusation to throw by a president
[14:18] {Threei} VVUS Ticking higher after positive mention by CNBC guest (5.47, -0.22, -3.87%)
[14:25] {nemo} stealth rally
[14:26] {Threei} rally?
[14:26] {nemo} spy qqs slowly climbing
[14:26] {Threei} are we that undemanding these days that we call this crap rally? :)
[14:26] {nemo} watching fcx rimm move up
[14:26] {nemo} summer
[14:26] {nemo} I did say stealth
[14:27] {nemo} only one syllable
[14:28] {nemo} think about it, big news over the last few hours was Vinod's .10 on Faz :)
[14:28] {dino} hum dee dum
[14:28] {Threei} lol
[14:28] {Threei} well
[14:28] {Threei} I'll take that if nothing else comes around
[14:29] {nemo} my sentiments eqkzaktly
[14:30] {_levelseven} frpt
[14:30] {nemo} how'd the scanners miss the jbe?
[14:31] {dino} dji ; ndx; s/p -6% since the 11th, 7 trade days,
[14:32] {Threei} why miss?
[14:32] {Threei} JBER window signalled FRPT a few times
[14:32] {_levelseven} jber?
[14:32] {Threei} JBE
[14:32] {nemo} frpt
[14:33] {nemo} has a nice jbe formation...I'm just bored...slap me
[14:33] {Threei} at 7.95,
[14:33] {Threei} earlier at 12:39
[14:33] {nemo} 7.85
[14:33] {_levelseven} oh, was called here @ 7.95?
[14:33] {_levelseven} ok
[14:33] {Threei} no, we are talking about scanner catching it
[14:34] {nemo} ya' haven't slapped me yet, how many times I gotta' ask?
[14:34] {_levelseven} getting some action
[14:36] {vinod} I think we close down 250 point. let see
[14:37] {_levelseven} frpt movin
[14:38] {Threei} and no news
[14:38] {Threei} DNDN IN pact to build new production facility - filing dated 6/16 (24.95, -1.13, -4.33%)
[14:38] {nemo} it's not back to it's highs from last week though
[14:41] {Threei} Mondays bored the heck out of us even in more exciting seasons
[14:41] {Threei} let alone summer
[14:45] {dino} zzzzzzzzzzzzz
[14:55] {nemo} is the paint dry yet?
[14:55] {Threei} yes but grass still hasn't grown
[14:56] {wulff} you guys make any good trades today? Late I am
[14:56] {Threei} 2:3
[14:57] {Threei} 2 good and 3, umm. also good but losing
[14:57] {wulff} things look awfully cheap to me
[14:58] {Threei} well.. they usually look cheap just before becoming cheaper yet
[14:58] {wulff} true
[14:58] {Threei} just ask MTXX buyers
[14:59] {wulff} sometimes merchandise goes on sale quickly
[15:00] {Threei} and then gets discontinued {G}
[15:03] {ese} I'm back to say so long for the day.......still working onend of the years school stuff.....cya tomorow
[15:04] {Threei} take care ese
[15:05] {dino} penx
[15:08] {Threei} SEC's Shapiro: CFTC will oversee FX, interest rate and energy swaps; SEC will be responsible for securities-based swaps and some non-bank swap dealers
[15:08] {Threei} - SEC may tighten reporting rules for securities-based swaps.
[15:08] {Threei} - Believes the lack of regulation...more... (related XLF )
[15:08] {Threei} - Believes the lack of regulation of OTC derivates prevented the SEC from protecting investors.
[15:08] {Threei} - May make equity-based derivatives subject to ownership reporting requirements.
[15:08] {Threei} - Believes SEC should regulate markets and clearing organizations to ensure fair access.
[15:09] {nemo} I just fell off my chair
[15:12] {Threei} you though SEC will regulate interest rates instead of Fed?
[15:13] {nemo} no
[15:13] {nemo} " Believes SEC should regulate markets and clearing organizations to ensure fair access."
[15:13] {nemo} fair access...perish the thought
[15:17] {Threei} a few times today I reloaded the server thinking that maybe my quotes stalled
[15:18] {nemo} There...just finished waxing the canoe
[15:19] {nemo} mmmmmhhhh...utilities up today...$ getting stronger?
[15:20] {dino} stronger dollar not good for stocks
[15:20] {nemo} but good for utilities, tbill yields fall, money goes to utilities
[15:20] {dino} agree
[15:21] {nemo} look at the heat map on only strong sector today
[15:28] {wulff} just made $25. YEAH!
[15:28] {nemo} frickin' canus lupus
[15:29] {Threei} how??
[15:29] {Threei} I want $25 too!
[15:29] {nemo} ebay
[15:29] {wulff} a very small long on AAPL
[15:31] {Threei} NYSE volume 875M shares, about 14% below its three-month average; decliners lead advancers by 9.4:1.
[15:31] {Threei} - NASDAQ volume 1.89B shares, about 2% below its three-month average; decliners lead advancers by 5.7:1.
[15:33] {Threei} White House; Expecting unemployment rate at 10% within next few months
[15:44] {nemo} anti rally!
[15:50] {vinod} have a nice evening see you tomorrow
[15:52] {dino} cya vin
[15:55] {Threei} take care vinid
[15:55] {Threei} okay guys, torture is over
[15:55] {nemo} what quote server vad...:)
[15:55] {Threei} lol
[15:55] {Threei} let's have a good evening, and see what tomorrow brings
[15:55] {dino} turnaround tuesday
[15:56] {nemo} Knew that was coming
[15:56] {dino} out qcom .60, +.10
[15:57] {nemo} what about met?
[15:58] {_levelseven} clwr finishing strong
[15:58] {dino} still holding
[15:59] {nemo} brave
[15:59] {dino} or stupid
[16:00] {nemo} I wasn't going there, but it's a hindsight kinda' thing
[16:00] {dino} time will tell
[16:00] {dino} it's small
[16:01] {dino} wmt, t, fdo, dltr, bwld, pnra strong considering
[16:01] {dino} vz too
[16:02] {dino} rmbs drop
[16:02] {dino} calling it a day, thx all

Friday, June 19, 2009

Jun 19 2009

Very nice with quite a few winning trades, notably RIMM in both directions. Good way to finish a profitable but somewhat boring week.

Session Time: Fri Jun 19 00:00:00 2009

[07:38] {_levelseven} 3i, u here?
[07:55] {_levelseven} SWHC gapped last night
[07:56] {nemo} No surprise, they're running 3 shifts
[07:59] {_levelseven} Rimm traded down to around 72 area last night, now almost fully recovered
[08:00] {nemo} I believe it's expiration strike is 75
[08:00] {_levelseven} almost green
[08:20] {nemo} l7 if you can, do Fib retracements on Rimm from their Aug 2008 high to the low in March, and then from March to the recent highs...interesting overlaps
[08:21] {_levelseven} insm gap
[08:22] {_levelseven} anyone hold tstr overnight?
[08:35] {Threei} no but held INSM
[08:35] {Threei} goiod morning
[08:39] {Threei} KS, you here?
[08:41] {Threei} nice gap TS... you held it l7?TR
[08:41] {Threei} TSTR that was
[08:42] {_levelseven} i held it but hasnt gapped yet, except for some tiny prints
[08:42] {Threei} I see, I thought there were bids earlier
[08:43] {_levelseven} swhc up but not much vol
[08:43] {Threei} my 4K of INSM worked nicely
[08:44] {_levelseven} i held insm but dumped at close
[08:44] {Threei} 08:27 AM [VVUS] Price target raised to $8 from $6 at Lazard Capital; Reiterated at Buy
[08:45] {Threei} wow RIMM
[08:45] {Threei} what a roundtrip
[08:45] {Threei} lol
[08:45] {_levelseven} yea, we woulda made big $$ last night
[08:47] {Threei} well, the downside is, we would have to spend it all on diapers
[08:48] {_levelseven} yea, other than scalpin those type stocks..too much stress
[08:49] {jfjf64} mornin
[08:49] {Threei} jf :)
[08:49] {Threei} magoo does this kind often
[08:49] {Threei} I do when I feel really adrenalin-deprived
[08:49] {_levelseven} ha
[08:50] {Threei} remember GOOG once... 15 points in a few second
[08:50] {_levelseven} i havent traded in several
[08:51] {_levelseven} good did me well back then...always got paid on earning day buying calls
[08:51] {_levelseven} good
[08:51] {_levelseven} goog
[08:59] {_levelseven} swhc chomping
[08:59] {magoo} morning
[08:59] {Threei} mags :)
[09:00] {magoo} hi there aapl news?
[09:00] {Threei} Smith & Wesson Holding Corp Guides Q4 R $99.5M v $91Me, To acquire Universal Safety Response, Inc.; Sees deal as accretive to FY2010
[09:00] {Threei} - Co entered into a definitive agreement to acquire Universal Safety Response, Inc. (USR), a privately held, full-service security systems solutions provider, for up to 9.7M shares of common stock and up to $26.2M in cash.
[09:01] {Threei} T Reportedly states that iPhone 3G S has exceeded expectations; Have sold hundreds of thousands via pre-orders (24.13, 0.00, 0.00%) (related AAPL )
[09:07] {Threei} INSM nice bidder
[09:10] {_levelseven} tstr waking up
[09:12] {Threei} yup, you've got nice bids now
[09:12] {Threei} you have a lot?
[09:12] {_levelseven} made 2 buys, still holding all
[09:13] {Threei} if enough shares, I'd give them half
[09:14] {fernp} good morning
[09:14] {Threei} fern :)
[09:15] {ese} top of the morning to you all
[09:15] {Threei} ese :)
[09:16] {cosmo} so its all downhill from here?
[09:16] {ese} whats looking good
[09:16] {Threei} lol cosmo
[09:16] {jfjf64} tiger tiger
[09:18] {Threei} is it Alfred Bester reference?
[09:20] {dino} gm all
[09:20] {magoo} howwas rimm report vad??
[09:20] {Threei} dino :)
[09:20] {Threei} [16:06] {Alert} Threei RIMM Reports Q1 $1.12 v $0.94e, R$3.42B v $3.43Be
[09:20] {Threei} [16:06] {Alert} Threei - Guides Q2 $0.94-$1.03 v $0.97e, R$3.45B-$3.7B v $3.61Be
[09:21] {vinod} GM to all
[09:21] {magoo} v :)
[09:22] {Threei} vinod :)
[09:27] {_levelseven} swhc found a big seller since hitting 6
[09:28] {dptl} good morning all
[09:29] {Threei} dp :)
[09:29] {nemo} gonna' be a big gap up day
[09:30] {magoo} wfc big drop
[09:31] {magoo} HIG may be a player today
[09:32] {nemo} rimm dump
[09:32] {Threei} guess who is coming on TV
[09:32] {magoo} unbelievable
[09:32] {nemo} the Obamation
[09:32] {nemo} where's Dino?
[09:33] {magoo} dunno
[09:33] {Threei} Long Setup: HIG .40 break
[09:33] {Threei} if stays above .30
[09:35] {ese} l qqqq .15
[09:36] {ese} out qqqq .22
[09:36] {ese} sorry all couldn't post fast enough
[09:36] {ese} +.07
[09:38] {dino} .
06[09:38] * nemo slaps dino around a bit with a large alarm clock
[09:39] {dino} :)
[09:39] {ese} l qqqq .20
[09:39] {magoo} RIMM rockin
[09:40] {magoo} WFC vad
[09:41] {Threei} one more leg down most likely
[09:41] {Threei} HIG lost support
[09:41] {nemo} no worky hig
[09:42] {magoo} l wfc .65
[09:42] {ese} out qqqq ..25
[09:42] {ese} +.05
[09:45] {ese} went for the q's again .20 but missed it
[09:45] {magoo} out wfc -.20
[09:46] {Threei} here comes next WFC dump for bounce
[09:46] {Threei} .50 crossback if holding .40
[09:48] {ese} l q's .25
[09:48] {Threei} 1:1 WFC
[09:49] {Threei} GOOG China orders Google to halt foreign searches - FT (416.07, 2.01, 0.49%)
[09:49] {Threei} nice
[09:50] {ese} out 'qs .22
[09:50] {nemo} becomes GOOG China-only
[09:50] {ese} -.03
[09:51] {_levelseven} exel
[09:51] {Threei} no news
[09:52] {magoo} any read RIMM here vad?
[09:53] {Threei} not yet mags... it needs to calm down a little more
[09:53] {magoo} ok
[09:53] {Threei} who partialled WFC, stop to under .50 for the balance
[09:54] {vinod} very heavy volume fo far
[09:54] {_levelseven} tstr trying
[09:54] {nemo} what are volume tendencies on quad witching hours?
[09:54] {vinod} I am still holding HIG
[09:55] {nemo} ays
[09:55] {nemo} days
[09:55] {Threei} see RIMM mags?
[09:55] {_levelseven} tstr nhod
[09:55] {vinod} double than average?
[09:55] {magoo} oh yea
[09:56] {magoo} looking at it constant
[09:56] {nemo} vinod didn't like your HIG stop vad :)
[09:57] {_levelseven} out 75% tstr
[09:57] {ese} l q's .27
[09:57] {Threei} wtg l7
[09:57] {vinod} hig in at .36 stop at .26
[10:01] {Threei} (RU) Russian President Medvedev: Pledges not to take unilateral action on emissions (related RSX )
[10:03] {_levelseven} out remainder tstr
[10:03] {nemo} I think the west is gonna' have a hard time getting Russia India and China on board with global change intiatives
[10:03] {dino} staying away from beans i guess
[10:04] {_levelseven} sva
[10:04] {Threei} SVA Receives China''s First Influenza A (H1N1) Vaccine Order
[10:04] {Threei} - This order will be administered to 2 million people in the high risk group.
[10:04] {Threei} - Additional or... (3.90, 0.28, 7.73%) more...
[10:04] {nemo} don't quit your day job dino
[10:05] {Threei} - Additional orders are expected beginning in October and, in total, Sinovac expects to supply approximately 10 million doses to the Beijing government.
[10:05] {Threei} - The 10 million doses will be administered to 5 million people in Beijing.
[10:06] {dino} do we fill the open gaps today, that is the question
[10:06] {nemo} tis nobler
[10:06] {nemo} Alas poor Yorick
[10:07] {nemo} Ah, shit...too much caffeine
[10:07] {Threei} FITB
[10:08] {Threei} worth a try here for double bottom, if holding above .20
[10:08] {Threei} firts strength
[10:09] {dino} feels like gap fill coming
[10:09] {dino} ed's getting whacked
[10:12] {Threei} US) Dept of Labor: US payrolls declined in 39 states in May, 2009
[10:12] {Threei} - Reminder: US May unemployment rate came in at 9.4%
[10:16] {ese} l qqqq .19 avg price .24
[10:19] {_levelseven} sva bst
[10:19] {Threei} SVA becomes serious
[10:19] {dino} shld up to something
[10:19] {nemo} when earnings?
[10:20] {dino} dk
[10:21] {Threei} anyone's in FITB?
[10:21] {nemo} no
[10:21] {fernp} not here
[10:21] {vinod} no
[10:22] {wulff} dude...
[10:23] {wulff} AAPL doing well vs. RIMM
[10:23] {jfjf64} is worth try .30 vad
[10:24] {Threei} ?
[10:24] {magoo} i like rimm long
[10:24] {nemo} market probably sees zero-sum relationship in this environment
[10:24] {nemo} you always like rimm
[10:24] {magoo} :)
[10:24] {jfjf64} fitb
[10:24] {jfjf64} break .30
[10:24] {dino} sm l jpm .99
[10:25] {jfjf64} didnt tk earlier
[10:25] {Threei} hmmm
[10:25] {vinod} where one can lose most APPL or RIMM ?
[10:25] {Threei} I liked aggressive entry jf
[10:26] {Threei} .30 - could be, but only if holding above .25, IMO
[10:26] {jfjf64} ty
[10:30] {Threei} (RU) Russian Pres Medvedev: BRIC forum allows for coordinated polciy
[10:30] {Threei} - Group must help in the formation of new rules for global economy
[10:30] {_levelseven} sva trying to be big player
[10:32] {Threei} 4.60 break is valid trigger
[10:32] {Threei} just way too risky
[10:32] {Threei} mostly because it's a frikin AMEX stock
[10:33] {wulff} think rimm will bounce today?
[10:34] {Threei} it's not ready yet, IMO
[10:35] {jfjf64} ?
[10:35] {Threei} ?
[10:35] {wulff} ?
[10:36] {cosmo} rimm needs tire to bounce good
[10:37] {cosmo} ?
[10:40] {ese} had a pplan to trade the qqqq's today......wouldn't ya bloody know it...I pick a day when the thing is basically range bound
[10:41] {ese} it's all over the map all week.....and it says to itself hey.....ese is going to trade us today lets bugger up his plans!
[10:41] {dino} ioc
[10:42] {dino} es, you're hearing voices and i dream trades
[10:42] {ese} seems that way....
[10:43] {tomg} vad, i have 200 avii @1.69 from couple weeks ago. any read on it?
[10:43] {tomg} news?
[10:44] {nemo} maybe ese's having flashbacks?
[10:44] {Threei} no news since June 4
[10:44] {dino} he's more like flashdance
[10:44] {Threei} no clear idea why it moves
[10:45] {tomg} swine flu sympathy, i think
[10:45] {nemo} Jennifer Beal looked great in that movie, now she plays a lesbian
[10:45] {Threei} if this is it, then future fully depends on how things develop in that area
[10:46] {tomg} ok, ty
[10:46] {tomg} bbl
[10:46] {Threei} RIMM
[10:46] {Threei} this starts look like it's time
[10:47] {Threei} .20 break long
[10:47] {Threei} keep shares reasonable
[10:47] {magoo} must confess took 75.04 just now
[10:47] {Threei} don't put your whole family savings and future inheritance into this
[10:47] {Threei} use magoo's instead
[10:48] {magoo} u startin already?
[10:48] {Threei} lol
[10:48] {ese} out qqqq's .29
[10:48] {ese} +.05
[10:49] {dino} gj
[10:49] {ese} ok this can be done =.07 5K,+.05 5K, -.03 5k, and +.05 10k
[10:50] {ese} +.07 first one
[10:53] {magoo} rimm should get near 76 today..but man, it may rinse us out ouver-n-over
[10:53] {_levelseven} sva dive
[10:54] {nemo} look at hig
[10:55] {vinod} it took my 10 cent --HIG
[10:56] {ese} Vad....any suggestions for reading the qqqq index.......i thought that i would do this in reverse......look for strength in big volume tech issues ie intc csco etcetc for strength or weakness readings in qqqq's
[10:56] {nemo} volumes are up there
[10:56] {Threei} well... I prefer top down approach, not the bottom up
[10:57] {_levelseven} svabeat down, could be bounce under 4
[10:57] {ese} so reading an index is what you see is what you get?
[10:58] {Threei} it's a bit more complocated than that
[10:58] {Threei} the problem here is,
[10:58] {Threei} there is no a leader that would established oncwe and for all and showed the way to index
[10:58] {Threei} it can be INTC today
[10:58] {Threei} MSFT tomorrow
[10:58] {Threei} etc
[10:58] {ese} got ya
[11:00] {dino} coin toss es
[11:00] {dino} imo
[11:00] {ese} for sure.....just lookin for an edge
[11:00] {dino} i never found it
[11:01] {dino} w/the size of your trades, prehaps as simply as .25, .50, /75, .00 breaks either way
[11:01] {ese} intc wasn't it today for was more csco
[11:01] {ese} thats a good idea dino......gonna study that
[11:03] {dino} they seem to natrural continuation points for most stocks
[11:03] {ese} wanted to try the q's seriously because it can handle the 3k 5k lots much easier that even intc some days
[11:03] {dino} my only thought on you es, is you are crushing it lately, why change what is working?
[11:04] {Threei} FITB 1:1 for that late entry
[11:04] {Threei} 1:2 for the one I recomended
[11:04] {jfjf64} ty
[11:05] {nemo} RIMM maybe starting to look like a short
[11:05] {ese} tks.......still looking for consistency though like you and's kinda like day or 2 good.... 2 or 3 floundering.....system seems to be hit or miss
[11:06] {dino} gl
[11:06] {_levelseven} slim pickins today
[11:07] {Threei} quadriple wicthing
[11:07] {nemo} is he on?
[11:07] {_levelseven} dumps SVA in girlieman bounce
[11:07] {dino} lol
[11:08] {nemo} bye Rimm
[11:08] {magoo} yea out
[11:08] {magoo} strugglin today
[11:10] {Threei} never triggered by my setup
[11:10] {magoo} yup..i had a dime though
[11:10] {magoo} saw .24
[11:11] {magoo} but i want a rip
[11:11] {Threei} RIMM Hearing Societe Generale making cautious comments (timing uncertain) (74.70, -1.85, -2.42%)
[11:12] {magoo} Societe Generale
[11:12] {magoo} who??
[11:12] {dino} lol, 4 others upgraded rimm this a.m.
[11:14] {dino} ioc sm l .35
[11:18] {nemo} scraped the bottom with that one Dino
[11:18] {nemo} the evil grasshopper is back
[11:19] {ese} nasdaqi???? funny handle i like it
[11:19] {dino} got lucky waited awhile
[11:23] {_grasshopper} why is the "evil" grasshopper deemed evil?
[11:24] {nemo} voices in my head
[11:24] {Threei} I bet that's nemo's way to cause questions and strike conversation {G}
[11:24] {_grasshopper} I bet you're right Vad :) he is curious
[11:24] {_grasshopper} should I give him a hint?
[11:24] {nemo} No...obnoxious gene
[11:24] {Threei} only if you think you tortuted him enough
[11:25] {_grasshopper} he might like it if I did
[11:25] {Threei} we don't want that
[11:25] {_grasshopper} want a hint Nemo?
[11:26] {dino} gamblers moving, wynn, penn, lvs
[11:27] {nemo} if you want...
[11:28] {_grasshopper} I sat beside you for one of the sessions @ CTAB and you told me about this website
[11:29] {nemo} great....I have to look at my license in the morning to remember my name if I haven't had my coffee, and I'm supposed to remember that...o.k., I'll work on it
[11:29] {dino} stalker nemo, lol
[11:29] {_grasshopper} female, not male Nemo does that jog your memory
[11:32] {nemo} were the only woman I sat next too for any of the sessions...
[11:32] {magoo} how did u know nemo was his call sign??
[11:33] {nemo} well, that's not quite true, there were the two women together on the first day
[11:33] {nemo} but I didn't talk to them
[11:33] {nemo} don't tell mags
[11:33] {dino} vad, see that online dating site idea is working
[11:33] {nemo} hardly...tough to date by airplane
[11:34] {Threei} Traders Unite?
[11:34] {wulff} look below the RIMM
[11:34] {nemo} mags...nemo is a cross-platform handle I use
[11:34] {Threei} FITB, if you are still 9in jf, time to dump, IMO
[11:35] {_levelseven} sva bounced nice after i gave up on it
[11:35] {magoo} so u even nemo on truckers CB?
[11:35] {nemo} [11:05] {nemo} RIMM maybe starting to look like a short
[11:35] {nemo} grasshopper, how's POT treating you?
[11:36] {magoo} what..ui two smoke together at conference??
[11:36] {Threei} rofl
[11:36] {nemo} no CB mags, I use digital frequency dispersion technology
[11:36] {_grasshopper} Well it was working until it didn't I expect a bounce after Monday
[11:37] {nemo} "it all works until it doesn't"
[11:37] {_grasshopper} true
[11:37] {nemo} I'm quoting someone familiar :)
[11:37] {_grasshopper} I know
[11:38] {nemo} I no u no
[11:38] {_grasshopper} suprised to see me here?
[11:38] {_grasshopper} Vad wasn't
[11:39] {Threei} I was, I just mask it well
[11:39] {dino} ioc stopped -.35
[11:39] {nemo} Well, you'd actually fit right in, now that I think about it
[11:39] {nemo} you on web or mirc?
[11:40] {_grasshopper} not sure
[11:40] {dino} jpm stop to .39
[11:40] {vinod} I think Sideway until 3.30 see you after 14.00
[11:40] {nemo} mirc is a little program window that sits on your screen, the other access is through a web page
[11:41] {_grasshopper} Hmmmm, not sure Nemo I can't tell from looking at this page
[11:42] {nemo} well, above the window, do you see anything with my name on it
[11:42] {_grasshopper} I do
[11:42] {nemo} click on it
[11:45] {_levelseven} tstr wont stop
[11:46] {dino} ioc blood, try again lower
[11:47] {dino} jpm stopped .39, +.40
[11:50] {Threei} US House Health care overhaul will reportedly require all americans to be insured, incorporates an employer mandate - unconfirmed report
[11:51] {nemo} of course that'll be what happens: everybody has to pay, and it'll be several thousand $ deductibles before you can get services
[11:52] {Threei} RIMM... feels like one more sharp drop is coming, and then bounce will become likely
[11:55] {wulff} like to see some cap. volume
[11:57] {Threei} on RIMM?
[11:57] {wulff} ya
[11:57] {Threei} yes, what we need is sharp long panic red bar
[11:57] {Threei} vlume becoming hysterical
[11:57] {wulff} sounds lovely
[11:58] {dino} 72s last night i think
[11:58] {_grasshopper} they really do like to crush the little people don't they
[11:58] {wulff} poor tiger +4 dino
[11:59] {nemo} RIMM 71.19 yesterday
[11:59] {Threei} that's what they do for a living.. they may not like it but they just do that :)
[11:59] {dino} ?
[11:59] {nemo} the market is unkind, it treats traders like sacrificial straw dogs
[11:59] {wulff} golf....
[12:00] {_grasshopper} I remember Geoff saying @ CTAB sometimes he and Pat say "well, it's time to fleece the sheople"
[12:06] {nemo} crissakes...5 point range on NAS 3 on S&P
[12:07] {Threei} IMO... RIMM dump is coming
[12:07] {Threei} can short new low
[12:07] {Threei} small lot
[12:08] {wulff} long it is
[12:08] {wulff} ( not really)
[12:08] {Threei} mutiny will be punished
[12:08] {Threei} severly
[12:08] {wulff} is there a woman involved?
[12:09] {Threei} cover half
[12:09] {Threei} or take scalp
[12:09] {Threei} easy money
06[12:10] * Threei slaps magoo around a bit with a large roll of cash
[12:13] {magoo} shorted aapl off your call too vad
[12:15] {Threei} worked nicely I see
[12:16] {magoo} from.16
[12:16] {Threei} L7's TSTR becomes insufferable
[12:16] {magoo} out .85
[12:16] {magoo} ty
[12:16] {Threei} welcome sir
06[12:17] * Threei is unusually and suspiciously polite today
[12:18] {magoo} went long aapl .85
[12:20] {Threei} (KS) US Navy may move to intercept North Korean ship suspected of carrying banned weapons - Fox News (related GLD EUR/USD )
[12:20] {nemo} I wonder if N Korea get's turned into a parking lot
[12:23] {dino} dji gap fill
[12:28] {dino} unlikely, most likely we bribe them again to stop being bad
[12:28] {magoo} aapl ,ong no work
[12:28] {nemo} fcx taking a header
[12:29] {magoo} vad..i thought the saying was "do not short dull mkts""this is DULLLLLLLLLLLLLLLLL
[12:29] {nemo} wait, it's dropped 70 points
[12:29] {Threei} it rather for the market that does nothing... this one is sliding :)
[12:34] {Threei} BAC Reportedly House panel is asking for more documents related to the Merrill Lynch acquisition (12.97, 0.07, 0.54%)
[12:35] {dino} \s/p gap filled
[12:35] {Threei} The committee has reportedly subpoenaed documents from the Fed
[12:37] {nemo} RIMM holding whil Qs slipping
[12:38] {dino} ioc rinsed
[12:43] {Threei} interesting
[12:43] {Threei} AAPL bounced nicely, RIMM is still there
[12:44] {Threei} feels like another short is brewing on it
[12:45] {Threei} .20 breakdown
[12:45] {Threei} if stays under .35
[12:45] {dino} 72s last night
[12:48] {Threei} I'll take irt aggresively:
[12:48] {Threei} .30 breakdown with stop above .40
[12:48] {Threei} in
[12:48] {Threei} and I'll take typing lessons
[12:50] {magoo} ill give u the name of my typioinhg teachers vad
[12:51] {Threei} I kan sea hees lesons do vonders for you
[12:51] {Threei} die RIMM
[12:51] {Threei} lose that .20
[12:52] {Threei} break down that wall
[12:52] {nemo} thanks Ronnie
[12:53] {Threei} intention:
[12:53] {dino} lol
[12:54] {Threei} if it loses .20 and dives fast, stop to above .35 and cover half
[12:54] {Threei} good boy RIMM
[12:54] {Threei} or is it girl?
[12:54] {Threei} half covered .14
[12:54] {dino} girl
[12:54] {Threei} okay then
[12:55] {Threei} stop trailed above .35
[12:56] {Threei} stop trailed above .30
[12:56] {Threei} beauty of aggressive entries
[12:56] {Threei} 1/4 more covered
[12:56] {Threei} .10
[12:58] {Threei} if that's not a joy
[12:58] {dino} gj
[12:58] {Threei} ty
[13:01] {Threei} stop to above .20
[13:03] {Threei} stop to above .15
[13:05] {Threei} cover at will
[13:10] {dino} rimm filling gap
[13:11] {dino} t sm l .85
[13:12] {Threei} I am done with RIMM short
[13:12] {Threei} +.40
[13:13] {jfjf64} nicely executed
[13:13] {Threei} ty
[13:13] {Threei} was dead giveaway
06[13:13] * magoo slaps Threei around a bit with a large trout
[13:14] {Threei} why... oh why
[13:14] {dino} dltr sm l .98
[13:18] {_levelseven} oh my, stepped out for a few and then SWHC makes its move
[13:27] {ese} nooooooooo....ese is just in watch mode.......
[13:32] {Threei} you out RIMM yet dino?
[13:32] {Threei} oh sorry, misunderstood... that was T
[13:33] {dino} no rimm
[13:33] {Threei} yeah, you said:
[13:33] {Threei} [13:10] {dino} rimm filling gap
[13:33] {Threei} [13:11] {dino} t sm l .85
[13:33] {Threei} and I mised little t
[13:34] {Threei} thought it was RIMM you bought, price was just right :)
[13:34] {Threei} I even covered to get out of your way {G}
[13:35] {magoo} im back long rimm vad looking for mega rip
[13:35] {magoo} in .11
[13:35] {magoo} i even put u in as a co-signer for bear security
[13:36] {Threei} lol
[13:43] {vinod} wow! you guys did good on RIMM congratulation
[13:43] {Threei} ty
[13:44] {Threei} both directions, like playing flute
[13:44] {magoo} rimm sees 75 today or vads living in that shak he posted earlir
[13:44] {ese} huh?
[13:45] {ese} like playing a flute
[13:45] {ese} ?
[13:45] {Threei} short, then switching to long
[13:45] {Threei} precision
[13:45] {ese} hmmmmmmm
[13:45] {_levelseven} tstr taking another dig?
[13:46] {jfjf64} law of attraction think it it happens hmmmm
[13:47] {jfjf64} only if it was that easy
[13:47] {ese} ya
[13:47] {Threei} NOVL JP Morgan analyst reportedly highlights that management has indicated its willingness to be acquired
[13:47] {Threei} hard to twell L7...
[13:48] {Threei} law of attraction is bs
[13:48] {jfjf64} lol
[13:48] {Threei} :)
[13:48] {Threei} if you want something to happen, make it happen by doing things, not by thinking them up
[13:49] {_levelseven} how about thinking about doing something?
[13:49] {Threei} remember all te buzz about movie Secret?
[13:49] {Threei} IMO, the biggest piece of crap
[13:49] {nemo} power of positive thinking
[13:49] {jfjf64} quote of the week like it
[13:49] {_levelseven} but how do u really feel
[13:49] {Threei} you don't want to know :)
[13:49] {nemo} Vad's always dancing around the issue
[13:49] {Threei} and sugracoat thing
[13:50] {Threei} s
[13:55] {_levelseven} tstr buyers come in waves, ever notice...then all is quiet
[13:55] {Threei} yeah
[13:55] {Threei} makes it ghard to read
[13:55] {_levelseven} like now
[13:55] {Threei} no steady flow
[13:55] {_levelseven} a promo or orchestrated
[13:56] {_levelseven} made new hi
[13:57] {_levelseven} maybe wants sniff 2 before its thru
[13:58] {jfjf64} lk at this tlb
[14:03] {magoo} vad PALM look
[14:04] {Threei} no fresh news
[14:06] {Threei} ready for bounce
[14:06] {Threei} .50 cropss baxck
[14:06] {Threei} atp under .40
[14:06] {Threei} stop
[14:06] {dino} app. lod
[14:06] {Threei} 1:1 easy
[14:10] {Threei} 1:2, I am out
06[14:10] * Threei slaps magoo around a bit with a large roll of cash
[14:10] {magoo} good alert eh?
[14:12] {dino} rimm lod
[14:13] {dptl} have a good evening all
[14:14] {dino} cya dp
[14:14] {Threei} take care dp
[14:17] {dino} neog
[14:17] {Threei} PALM Hearing vague chatter that Palm Pre smartphone sales may not be meeting some analyst expectations (timing uncertain) (13.52, 0.46, 3.52%)
[14:18] {Threei} White House Press Sec: Pres Obama will soon sign the tobacco regulation bill (related MO RAI STSI L LO PM CG )
[14:28] {dino} sm wide risky, s neog .16
[14:35] {dino} bstop is .51
[14:36] {dino} advs
[14:40] {dino} hate to say it, but... "dieeeeeee neog"
[14:42] {dino} esio
[14:43] {_levelseven} tstr heavily shorted imo
[14:50] {Threei} Short Interest (Shares Short) 1,534,600
[14:50] {Threei} Days To Cover (Short Interest Ratio) 4.1
[14:50] {Threei} Short Percent of Float 3.21 %
[14:50] {jfjf64} rimm
[14:51] {dino} cov neog .76, +.40
[14:55] {dino} too soon
[14:56] {nemo} looked it
[14:56] {Threei} MTXX
[14:56] {Threei} short into bounce
[14:56] {Threei} .49
[14:57] {Threei} stop .54
[15:01] {dino} nvec
[15:06] {Threei} 1"1
[15:06] {Threei} 1:1
[15:07] {Threei} and over
[15:08] {Threei} anyone?
[15:09] {jfjf64} tried charlie says no go
[15:09] {Threei} get real broker
[15:09] {jfjf64} crazy
[15:09] {jmb} thanks vad
[15:09] {Threei} jmb :)
[15:12] {Threei} guess who is going to be on TV soon
[15:12] {nemo} Ahmedinejad?
06[15:12] * Threei slaps nemo around a bit with a large dose of reality
[15:13] {nemo} uncalled for
[15:13] {Threei} excuse me... you expected me to be fair?
[15:13] {nemo} no expectations
[15:16] {nemo} you gonna' ask mags?
[15:18] {nemo} look at the charts of tck and fcx, carbon copies
[15:18] {nemo} well, almost
[15:18] {magoo} VADDDDDDd
[15:19] {Threei} gosh
[15:19] {Threei} scared me
[15:19] {Threei} RIMM
[15:19] {KSystems} FMCN reporting?
[15:19] {Threei} 73 break long
[15:20] {Threei} I don't see any reports today after close
[15:21] {dino} cmed, iat.l, bnkr.l
[15:23] {magoo} no vad...r or r
[15:23] {dino} neog wierd
[15:24] {Threei} I think r mags
[15:25] {magoo} ty
[15:27] {Threei} half out
[15:27] {Threei} .17
[15:27] {magoo} i cant boss
[15:27] {magoo} 74.47
[15:27] {Threei} ?
[15:27] {magoo} thats where im wait
[15:27] {Threei} wow
[15:27] {jfjf64} ty
[15:27] {Threei} are you greedy or what
[15:27] {Threei} jf :)
[15:27] {magoo} u gotta ask
[15:28] {jfjf64} me lk it
[15:28] {dino} out dltr .38, +.40
[15:30] {jfjf64} yikes
[15:31] {Threei} amazongly enough, this Frid woth quadriple witching turns out a very nice day
[15:33] {jfjf64} nice nice
[15:33] {Threei} honestly, I expected it to be empty
[15:33] {Threei} thought if we get 1-2 we will be lucky
[15:34] {dino} "thought", stop thinking 3i, it's friday afternoon
[15:34] {dino} sm s neog .35 risky
[15:34] {jfjf64} drink no think
[15:35] {Threei} here is president
[15:35] {Threei} talking on fatherhood
[15:39] {tomg} ty rimm, vad
[15:40] {tomg} got +.20
[15:40] {Threei} cool beans tom
[15:41] {dino} gj
[15:41] {tomg} ty :)
[15:51] {dino} neog bstop to .95
[15:51] {dino} stopped +.39
[15:51] {_levelseven} swhc closin strong
[15:54] {Threei} SYUT Discloses 10-k included going concern opinion from auditor
[15:54] {Threei} - Deloitte Touche Tohmatsu CPA Ltd. ("DTTC"), included an explanatory paragraph expressing substanti... (8.80, 0.10, 1.15%) more...
[15:54] {Threei} expressing substantial doubt regarding Synutra''s ability to continue as a "going concern" in its report on Synutra''s financial statements for the fiscal year ended March 31, 2009.
[15:54] {Threei} - As a result of the melamine incident and the related product recall, Synutra experienced significant operating losses and negative cash flows from operations for the fiscal year ended March 31, 2009. In addition, the operating losses have resulted non-compliance with certain covenants under its ABN Amro loan agreement.
[15:58] {Threei} okay guys, thank you all
[15:58] {Threei} have a great relaxing weekend
[15:58] {Threei} see you aall on Monday
[15:58] {dino} out t .00, +.15
[15:58] {dino} that's a rap
[15:58] {nemo} P&Q
[15:58] {dino} wrap?
[16:00] {dino} thx all, good times

Thursday, June 18, 2009

Thu Jun 18 2009

Nice even though summerish-slow day. Nice INSM move and a few trades on RIMM in both directions made it worthwhile.

Session Time: Thu Jun 18 00:00:00 2009

[07:49] {_levelseven} how do you stop seeing the joins or leaves the room?
[08:05] {tomg} good morning levelseven, still need to know?
[08:07] {tomg} have to leave for a while, but just right click on #discussions, click on Events
[08:07] {tomg} check Hide in drop down boxes
[08:07] {tomg} bbl
[08:08] {_levelseven} ?
[08:08] {tomg} your question at 7:49
[08:09] {_levelseven} which drop down
[08:09] {_levelseven} been a few years for me..unfamiloiar
[08:09] {tomg} right click on #discussions on the switchbar
[08:09] {tomg} or #floor
[08:09] {tomg} or both
[08:10] {_levelseven} yes
[08:10] {tomg} then click on Events
[08:10] {_levelseven} goo it, thanks
[08:10] {tomg} welcome :)
[08:10] {tomg} bbl
[08:40] {_levelseven} m
[08:46] {Threei} *INITIAL JOBLESS CLAIMS: 608K V 604KE; CONTINUING CLAIMS: 6.687M V 6.840ME (first drop in Continuing Claims of 2009)
[08:46] {Threei} - Prior Jobless Claims revised from 601K to 605K
[08:46] {Threei} - Prior Continuing Claims revised from 6.816M to 6.835M
[08:47] {nemo} yeah, people still unemployed who don't qualify anymore
[08:47] {Threei} see? all problems resolve themselves if you don't intervene
06[08:48] * _levelseven slaps nemo around a bit with a large trout
[08:48] {Threei} "stop trying to feed starving, and starvation problem will be resolved by itself" logic
[08:49] {nemo} another case of fratricide inflicted upon me...oh the psychological damage
[08:58] {cosmo} acas must be hiring... it would seem
[08:59] {KSystems} good morning!
[08:59] {Threei} (RU) Russian Energy Minister: Half of new oil fields are unprofitable with $60/bbl crude, 39% of new fields unprofitable with crude at $80/bbl
[08:59] {Threei} KS :)
[08:59] {KSystems} 3i!
[08:59] {KSystems} you here?!
[09:00] {Threei} DRYS Has Signed Waiver Agreement With DnB NOR for $86 Million of Debt (6.28, 0.00, 0.00%)
[09:00] {Threei} hmm?
[09:00] {Threei} why wouldn't I be?
[09:01] {cosmo} i remember 3i
[09:02] {Threei} from yuesterday?
[09:02] {Threei} serious memory span {G}
[09:02] {KSystems} anyone except me having any MTXX left?
[09:03] {KSystems} wrong word {{---still waking up
[09:03] {Threei} I think a whole lot of angry shareholders
[09:03] {KSystems} lol
[09:04] {Threei} lwet me find it
[09:04] {Threei} oops
[09:10] {vinod} GM to all
[09:11] {Threei} vinod :)
[09:15] {Threei} OPEC President Vasconcelos: Oil prices are satisfactory for producers and consumers at the moment
[09:15] {Threei} - Oil at $70-75/barrel range is positive for the economy
[09:15] {Threei} whose economy?
[09:19] {ese} good morning.....
[09:19] {Threei} ese :)
[09:19] {dino} gm all
[09:19] {Threei} dino :)
[09:19] {ese} hey vad ...dino
[09:20] {fernp} good morning
[09:20] {Threei} fern :)
[09:20] {dino} :)
[09:21] {ese} fern
[09:22] {fernp} ese
[09:25] {vinod} Expecting wild swing because of Quadruple expire end of week.
[09:27] {Threei} wild swings would be fine... main question is, will there be rythm and readability to them
[09:28] {magoo} morning
[09:28] {Threei} CAT Release Dealer Statistics for 3 months, May Retail sales North America -57%, World with Cat Japan -43% - filing
06[09:28] * nemo slaps magoo around a bit with a large trout
[09:28] {vinod} for that we have BOSS
[09:28] {Threei} mags :)
[09:29] {Threei} no pressure eh vinod :)
[09:29] {nemo} as long as you get 5 out of 6 winning trades per hour
[09:29] {vinod} I am learning from the group
[09:29] {nemo} 1:2 at least
[09:34] {Threei} US Tsy Geithner: Must act to restore confidence; will work through any disagreements to regulatory reform
[09:34] {nemo} As long as the Fed runs everything, that is
[09:36] {jfjf64} mornin
[09:36] {Threei} jf :)
[09:36] {magoo} rimm clubbed again
[09:37] {Threei} no news
[09:37] {nemo} earnings tonight
[09:37] {jfjf64} had to mk my payment to room russian mob was knockin on door
[09:38] {Threei} as long as you keep Ivan the Enforcer and Yuri the Kneecapshooter happy, you will be fine
[09:40] {Threei} watching WFC for bounce
[09:40] {ese} NPBC
[09:40] {ese} .90 if it stays above .80
[09:41] {ese} very tight range
[09:42] {dino} snda sm l .00
[09:42] {Threei} WFC bounced before I could type alert
[09:42] {ese} invalid
[09:43] {jfjf64} ccl
[09:43] {wulff} +.10 WFC
[09:43] {Threei} slow trade, low risk:
[09:43] {Threei} Long Setup: INSM .25
[09:44] {ese} gj wulf
[09:44] {Threei} if stays above .15
[09:44] {Threei} or above .20 for hardcore scalpers
[09:44] {Threei} grrr WFC
[09:44] {Threei} excatly the type of bounce I was looking for
[09:47] {Threei} Long Setup: STT half lot .55
[09:48] {Threei} if stays above .40
[09:48] {ese} l npbc .92
[09:50] {ese} npbc stopped .82
[09:50] {ese} -.10
[09:50] {ese} on 3k
[09:51] {ese} oh sure???
[09:51] {ese} just go back on up there why don't ya
[09:52] {jfjf64} ese what ya watchin
[09:52] {ese} i needed my weekly dose of education this week anyhow
[09:52] {ese} npbc
[09:52] {Threei} WFC... crying here
[09:53] {ese} ya i saw that vad
[09:53] {nemo} stt on?
[09:53] {magoo} magoo hands vad box of used tissues
[09:53] {Threei} dropped too far
[09:53] {Threei} needs to reestablish itself
[09:54] {Threei} INSM pesky scalpers have 1:1
[09:54] {nemo} only got a partial :(
[09:56] {Threei} 1:1 for daytraders on INSM
[09:57] {ese} grrrrrrrr npbc
[09:57] {vinod} 0ut 2.36
[09:57] {vinod} TY vad I had 5K
[09:57] {Threei} cool beans, wtg
[09:57] {Threei} that's how these little thick ones are tyo be played
[09:57] {ese} insm vinod?
[09:58] {vinod} yes ese I got in at 2.22 did not wait for break
[09:58] {ese} nice......
[09:58] {nemo} Ready, fire, aim
[09:58] {nemo} what was your stop Vinod?
[09:58] {ese} too funny nemop
[09:59] {ese} sory nemo
[09:59] {ese} nemop is good though
[09:59] {Threei} the most satisfying thing vinod: have you ever heard of INSM before this mnute?? :)
[09:59] {ese} has that floppy ring to it
[09:59] {Threei} knew what it does?
[09:59] {Threei} what sector it is in even?
[09:59] {nemo} medical
[09:59] {Threei} *JUNE PHILADELPHIA FED INDEX: -2.2 V -17.0E
[09:59] {vinod} never heard and do not know compny name
[10:00] {Threei} there you go
[10:00] {Threei} real day trader is being born
[10:00] {Threei} all you need to know is: it's setting up
[10:00] {ese} good job vnod
[10:00] {dino} thats' wrong not knoweing company, lol
[10:00] {Threei} grab it, profit from it, forget about it till it sets up again
[10:00] {Threei} it is dino... and we are proud of being so wrong so often :)
[10:01] {dino} lol
[10:01] {nemo} it's like a good one night stand
[10:01] {Threei} *MAY LEADING INDICATORS: 1.2% V 1.0%E
[10:01] {Threei} - prior revised from 1.0% to 1.1%
[10:01] {Threei} this analogy is often applied to daytrading nemo
[10:02] {magoo} f'in dino
[10:02] {dino} :)
[10:02] {vinod} nemo- even in my younger days i did not do that
[10:02] {Threei} Long Setup: SVNT .60 break
[10:02] {nemo} here you make money, they're you have to spend it...and how many times can you pull it off more than once a day, nevermind every day
[10:02] {Threei} aww
[10:02] {Threei} late
[10:03] {dino} snda stop to .20
[10:03] {dino} out snda .20, +1.20
[10:03] {Threei} ok, let's try to enter conservatively
[10:03] {nemo} got your groove back?
[10:03] {Threei} first strength from here
[10:03] {Threei} if holding above .50
[10:03] {dino} no takers?
[10:03] {Threei} in .53
[10:03] {Threei} stop .45
[10:04] {ese} l qqqq .94
[10:04] {Threei} wtg dino
[10:04] {dino} ty
[10:04] {magoo} [10:02] {magoo} f'in dino
[10:04] {magoo} ok..grabbed .58 svnt
[10:05] {Threei} a bit high
[10:05] {magoo} it was first strength
[10:05] {magoo} went back .62
[10:06] {Threei} no go
[10:07] {Threei} it started upticking from .51 and was avilable at better prices
[10:07] {Threei} .58 is kind of far from optimal price
[10:07] {magoo} no biggie..but u owe me one
[10:07] {nemo} yeah, he made you get in .05 above his entry
[10:08] {Threei} wow BAC
[10:08] {magoo} exactly!!!
[10:08] {nemo} Vad' suasion? quite powerful
[10:09] {Threei} moral?
[10:09] {Threei} there is nothing moral about my suasion
[10:09] {magoo} suasion
[10:09] {magoo} no bathroom talk
[10:11] {Threei} JP Morgan analyst says sugar and ethanol prices have moved higher ahead of fundamentals, recommends avoiding Brazilian sugar stocks
[10:11] {Threei} okay
06[10:11] * Threei crosses out Brasilian sugar stock
[10:11] {ese} out qqqq .00
[10:11] {dino} wynn sm l .00
[10:11] {ese} +.06 10k of the little beggers
[10:12] {ese} auch aye.....nah thaaa is muir like it lads
[10:13] {wulff} +1.5 GS sm
[10:14] {ese} licks tip of pencil...and crosses out brazilian sugar stock
[10:15] {nemo} what
[10:16] {nemo} s your stop dino?
[10:16] {ese} bstop intc .23
[10:17] {ese} forget bstop....will just buy at .23
[10:19] {Threei} INSM, who partialled - stop to under .25 for the balance
[10:19] {Threei} ese... I have a good reason to beat myself up
[10:19] {Threei} have a look at 1 min FITB
[10:19] {magoo} feel bad about magoo?
[10:19] {Threei} perfect double bottom
[10:19] {dino} .59
[10:20] {Threei} confirmation at 6.80
[10:20] {ese} don't tell me.....then i've missed it too
[10:20] {Threei} absolutely beautiful setup, textbook
[10:21] {ese} this should come back
[10:21] {ese} fitb
[10:21] {ese} nooooooooooooo!!!!!!!!!
[10:22] {ese} auch nu aye......di no take it
[10:22] {nemo} look at tck
[10:22] {dino} bby continues down
[10:23] {dino} wynn stopped -.41
[10:24] {ese} L fitb. .06
[10:26] {nemo} fcx bottom of box range
[10:26] {ese} auchhhhhhh not !!! i not be a bull trap
[10:29] {Threei} Short Setup: SVNT .25 break
[10:29] {Threei} if stays below .35
[10:30] {Threei} CYTK Hearing Credit Suisse making positive comments (timing uncertain) (2.79, 0.09, 3.33%)
[10:30] {Threei} Credit Suisse cares to make comments about CYTK?
[10:36] {nemo} svnt didn't give much ime to get in
[10:37] {ese} out fitb . 05
[10:38] {ese} -.01 was not looking good
[10:38] {vinod} yes nemo no SVNT for me
[10:39] {jfjf64} vad watchin npbc
[10:39] {Threei} not so far but looks interesting
[10:40] {Threei} 5.06 long if stays above 5 for instance
[10:40] {magoo} read AMZN vad"?
[10:40] {Threei} short
[10:41] {Threei} .35 breakl
[10:41] {magoo} im looking for bounce actually
[10:41] {Threei} shrug
[10:41] {ese} have seen this type of rounded top before with stocks on 1 min ch
[10:41] {Threei} you asked for read :)
[10:41] {magoo} good one two
[10:42] {Threei} next time be more precise: "Vad, got a read that would coincide with mine?"
[10:43] {ese} phew ...better the -.01 than whatever is going to happen here...was carrying too many shs
[10:43] {magoo} ok
[10:44] {magoo} id make a great dictator then
[10:44] {Threei} lol, I can feel magoo coming up with comeback
[10:44] {Threei} hey, there is nothing wrong with dictatorship... benevolent one of course
[10:51] {Threei} AMZN, those who trusted me and went for it, feel free to cover
[10:52] {magoo} that does itttttttttttttt
06[10:52] * magoo slaps Threei around a bit with a large trout
06[10:52] * magoo slaps Threei around a bit with a large trout
06[10:52] * Threei slaps magoo around a bit with a large volume of the book Be a Good Dictator if You Must Be One
06[10:52] * magoo slaps Threei around a bit with a large trout
[10:52] {Threei} see, my slaps are aso much more inventive
[10:53] {Threei} one is worth three of your tired trout
[10:53] {magoo} u know what happened to the chinese peasant who first invented means of flight right?
[10:54] {Threei} yeah
[10:54] {magoo} the emperor excuted him to protect china ability to defend with the great wall
[10:56] {Threei} ok, you convinced me... I will apply for emperor and withdraw my application for inventor
[10:57] {Threei} RIMM
[10:57] {Threei} looks like setting up for long
[10:58] {Threei} get it as close to .50 as possibl;e
[10:58] {Threei} stiop under .40
[10:58] {Threei} alternatively,
[10:58] {magoo} troo funny vad
[10:58] {Threei} wait for .60 break
[10:58] {Threei} as a trigger
[10:58] {magoo} rogllol
[10:59] {ese} hmmmmm was logged out for a back though
[11:00] {Threei} US Treasury to sell $40B in 2 year, $37B in 5 year, $27B in 7 year notes (related TLT SHY IEF )
[11:01] {magoo} in rimm
[11:01] {Threei} those who took it near .50 got 1:1
[11:01] {Threei} those who took .60, not yet
[11:01] {magoo} .60 here
[11:01] {Threei} wow
[11:01] {Threei} I mean WOW
[11:01] {Threei} magoo changes his colors
[11:01] {Threei} no aggressive entry
[11:01] {magoo} goog too at 114
[11:02] {dino} ge l .70
[11:03] {Threei} MTXX conference call?
[11:03] {Threei} yes
[11:04] {Threei} STSI, wow
[11:07] {Threei} something hopeful probably being said
[11:08] {Threei} MTXX Exec: our data does not show link between Zicam and loss of sense of smell - conf call (6.39, 0.26, 4.24%)
[11:14] {magoo} waiting for goog @ .77..but will eject on a dime
[11:14] {jfjf64} npbc ty
[11:15] {Threei} :)
[11:16] {jfjf64} rimm lk good here
[11:16] {magoo} still in vads rimm..thinkin over 77
[11:16] {magoo} everything needs mkt help of course
[11:18] {Threei} RIMM forms new setup
[11:18] {Threei} .71 break long
[11:18] {Threei} if stays above .60 - .65
[11:18] {magoo} changed goog exit to .16
[11:18] {magoo} 416.19 actually
[11:19] {Threei} with any market help, should be good for near 77
[11:21] {Threei} DNDN?
[11:22] {Threei} no news that I see
[11:28] {_levelseven} tstr any news?
[11:29] {Threei} not since Apr 2, lol
[11:30] {dino} out ge .821, +.12
[11:31] {ese} see ya in about and hour or so.....
[11:32] {fernp} bye ese
[11:33] {Threei} take care ese
[11:37] {nemo} mags!
[11:41] {jfjf64} vad cvh watchin if it test today high seems lk it cd go for while ???
[11:42] {Threei} can't tell jf... this slow trading on it opens doors for any outcome with equal chances
[11:42] {jfjf64} or think it lost steam
[11:43] {Threei} 50/50
[11:43] {jfjf64} no lk 50/50 ty
[11:48] {jfjf64} rimm
[11:48] {jfjf64} can ya say 77
[11:49] {Threei} lemme try
[11:49] {Threei} 77
[11:49] {Threei} yes I can
[11:50] {magoo} sorry..had phone call
[11:50] {jfjf64} every body 77
[11:50] {magoo} obviously out goog + 1 point {missed the best exit because of greed}
[11:50] {magoo} still in rimm looking for 77
[11:51] {Threei} here we go
[11:51] {nemo} wish I were going to be around for the RIMM fireworks tonight
[11:51] {jfjf64} nice 77
[11:55] {jfjf64} ccl
[11:59] {magoo} long aapl here .11
[11:59] {magoo} wow fast
[11:59] {magoo} judst tok it
[12:04] {magoo} waiting aapl .47
[12:05] {magoo} waiting rimm .578
[12:05] {magoo} trying for 1 point for the vadster
[12:05] {Threei} MDT Raises dividend to $0.205 (33.35, 0.42, 1.28%)
[12:06] {magoo} out RIMM + 1 POINT VAD
[12:06] {Threei} wtg
[12:06] {magoo} TY
[12:06] {magoo} your ball
[12:07] {Threei} let's leave it in singular, deal?
[12:07] {Threei} not looking forward for plural version of that statement
[12:07] {magoo} huh?
[12:07] {magoo} oh roflol
[12:07] {Threei} :)
[12:12] {_levelseven} stsi another nhod
[12:13] {Threei} no news
[12:15] {magoo} trying for .38 aapl
[12:16] {magoo} grrrrrr
[12:16] {magoo} out TY vad + .27
[12:16] {magoo} [12:04] {magoo} waiting aapl .47
[12:17] {magoo} impatuient
[12:17] {magoo} wantred the $$
[12:17] {magoo} for my typing class, nbounced lastb check
[12:20] {Threei} wow RIMM drop
[12:21] {Threei} .36 long
[12:21] {Threei} stop under .25
[12:23] {Threei} invalidated
[12:23] {nemo} Everybody remembered earnings tonite
[12:43] {magoo} .
[12:47] {ese} howssszit goin?
[12:47] {Threei} magoo made full point... and understood my joke
[12:47] {Threei} I would asay it's remarkable day
[12:47] {Threei} for both of us
[12:47] {ese} just in time to see qqqq shoot up......
[12:48] {ese} whats up there....whats the news
[12:48] {Threei} none
[12:50] {ese} tks
[12:51] {nemo} tck on 5 minute looks interesting above .20 and just broke .15 on the 1 minute
[12:52] {Threei} I like its look
[12:53] {Threei} sheesh RIMM
[12:53] {nemo} oh shit
[12:53] {Threei} double bottom RIMM
[12:53] {Threei} off 77
[12:54] {Threei} just a scalp
[12:57] {Threei} US Treasury Sec Geithner: On the verge of putting in action plan to buy distressed bank assets with TARP funds (related XLF )
[12:58] {Threei} our RIMM
[12:58] {Threei} out
[13:09] {Threei} TCK 1:1
[13:10] {_levelseven} tstr picking its head up
[13:32] {magoo} ..
[13:32] {Threei} skipping . ?
[13:33] {Threei} going staright for .. ?
[13:33] {magoo} wow u notivced
[13:33] {Threei} me observant
[13:34] {magoo} hows mkt volume today?
[13:35] {Threei} lousy
[13:36] {jfjf64} stt climb climb
[13:36] {nemo} were's ese, time for a rimm shot...I mean...short
[13:37] {vinod} rimm-earning after close
[13:37] {nemo} that must be like the 10th time it's been mentioned today
[13:38] {vinod} I just found out
[13:44] {magoo} hey RIMM reporting tonite or tomorrow? LOL
[13:44] {nemo} 2nite
[13:44] {magoo} u missed golden opportunioty to dispense fish
06[13:44] * nemo slaps magoo around a bit with a large gold fish
[13:45] {nemo} 2 birds with one stone
[13:46] {nemo} If you were talking about trouting vinod...well, nobody's ever trouted vinod that I can remember. So....
[13:46] {vinod} someone knows earning it went from 84 to 76 from friday to today
[13:47] {nemo} You mean.....somebody has inside information......nahhhh
[13:47] {vinod} yes, they always do
[13:50] {jfjf64} 77 break rimm gettin ready for take off
[13:51] {Threei} vinod... this RIMM drop is the same as market
[13:51] {Threei} so... can be just as easily its usual market folowing
[13:51] {_levelseven} tstr looking like player
[13:52] {nemo} it was up like 130% from it's lows, and had eaten halfway through it's gap down in October
[13:55] {vinod} got to go have a nice evening
[13:56] {Threei} take care vinod
[13:56] {magoo} bye V
06[13:56] * magoo slaps vinod around a bit with a large trout
[13:56] {magoo} his first fish
[13:57] {dino} bby l .35
[13:58] {Threei} nice one l7
[13:59] {nemo} where'd you find that one?
[14:00] {Threei} CA) BoC's Carney: Stress on households are rising; interest rate will remain at 0.25% for 12 months if inflaiton remains controlled
[14:09] {magoo} we in anything boss? {cause im flat here}
[14:09] {dino} bby stop is .19 fwiw
[14:09] {dino} brb
[14:09] {Threei} no
[14:18] {dino} bby stopped -16
[14:30] {Threei} wow... long period of market being locked
[14:30] {dino} pot sm l .50
[14:31] {Threei} wanted RIMM short at .50 break, happened too fast for alert
[14:31] {Threei} let's see if it bounces back into resistance for short
[14:33] {Threei} here we go
[14:33] {Threei} got .46
[14:34] {Threei} haf out
[14:35] {Threei} what's got into FCEL?
[14:38] {Threei} out 1/4 more RIMM
[14:41] {Threei} out last portion
[14:52] {patience} no, patience is patiently sitting in tck/b stocks waiting to sell....
[14:55] {Threei} SLM got slightly cramerized
[14:56] {dino} pot stopped
[14:57] {_levelseven} got dc'd
[15:08] {magoo} VAD DCC quick
[15:14] {magoo} rip or rott boss?
[15:15] {Threei} rip
[15:18] {magoo} candidates?
[15:19] {Threei} hmmm
[15:19] {Threei} not RIMM
[15:21] {_levelseven} can things get any slower
[15:21] {Threei} yes they can!
[15:21] {Threei} I am optimist
[15:22] {_levelseven} hmm
[15:22] {Threei} whole day less than 20 points NQ range
[15:22] {Threei} it's a miracle we found what we did
[15:23] {magoo} u da nam
[15:23] {_levelseven} u performed a miracle?
[15:24] {_levelseven} looks like ima take home some tstr if it stays strong..maybe news coming
[15:24] {Threei} yes l7 but not voluntarily - magoo made me do it
[15:24] {nemo} nite folks off to see the...
[15:24] {Threei} he regularly squeezes 3-4 miracles a week out of me
[15:25] {magoo} vad performs well under the gun
[15:25] {Threei} even better WITH the gun
[15:25] {Threei} told you not RIMM, lol
[15:25] {Threei} look at it dropping
[15:26] {Threei} now... INSM...
[15:26] {Threei} what's with this doggy
[15:26] {Threei} intrigues me
[15:31] {Threei} new high
[15:34] {Threei} RIMM is getting murdered
[15:35] {ese} howdy boyzzza hows your day goin
[15:35] {ese} talkin to live from Victoria higha schoola
[15:35] {ese} talkin to you
[15:35] {Threei} tough ese... magoo is not laughing at my jokes anymore and makes me perform miracles
[15:36] {ese} hmmmmmmm
[15:36] {ese} tough customer ehh
[15:36] {patience} and girls ese
[15:36] {magoo} and dcc him with threats
[15:36] {ese} opps
[15:36] {Threei} and this is on the day when I made my first good joke in decades
[15:36] {Threei} (or at least what I think is good joke)
[15:36] {magoo} and got me a point
[15:37] {Threei} that I don't mention - I get points more often and than make good jokes
[15:37] {ese} my appologies patience
[15:38] {patience} buy me a drink ese, i'll forgive you
[15:38] {ese} done
[15:38] {ese} lots of lemon chello at my house when you are on your run
[15:38] {Threei} INSM is still at it
[15:38] {_levelseven} insm moving 3i
[15:40] {ese} anybody take insm? looks like a nice move
[15:40] {patience} ok, who thinks we are green tomorrow morning?
[15:40] {magoo} rimm will be the faxctor
[15:40] {ese} me
[15:41] {patience} flip a coin for me ese, do i cut loose my tck tonight or put in an overnight sell order. i am up $1.17
[15:41] {ese} whats tck patience?
[15:41] {patience} teck
[15:42] {ese} hmmmmmm
[15:42] {ese} market has to finsh strong today i think with tech leading
[15:43] {patience} so far i like volume and price...hum to dum, what to do
[15:44] {dino} cetv spike
[15:44] {ese} buzzer going.......being called into an exam....see ya all tomorow.....good luck with it patience
[15:45] {patience} ty, i'm selling it :)
[15:51] {_levelseven} tstr good buying, stubborn seller
[15:55] {_levelseven} nhod
[15:55] {dino} rbcaa
[15:56] {magoo} ok..ty vad..everyone
[15:56] {Threei} TATR broke
[15:56] {Threei} TSTR
[15:57] {Threei} funny.. two small movers, stubbornly making new highs, and no slightest hint of news
[15:57] {Threei} anyway, good ctach L7
[15:58] {Threei} okay guys and gals
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrow

Wednesday, June 17, 2009

Jun 17 2009

Nicely profitable day, mostly thanks to MTXX and SVNT. Trading is disconnected, every trade is like stand-alone tree, no forest in sight.

Session Time: Wed Jun 17 00:00:00 2009

[08:10] {Threei} Good morning
[08:11] {Threei} poor STSI
[08:11] {Threei} Star Scientific, Inc. Confirms that jury verdict was announced in patent infringement lawsuit in favor of RJ Reynolds
[08:11] {Threei} - The jury found that the two Star patents at issue in the case were not valid, and were not infringed.
[08:11] {Threei} - The company will file a motion with the US District Court for Judgment as a Matter of Law or a New Trial within the next ten days.
[08:11] {Threei} - If that motion is not granted, the company's appellate counsel then will file a notice of our intent to appeal the verdict with the United States Court of Appeals for the Federal Circuit as soon as practically possible.
[08:11] {nemo} Oh well
[08:11] {Threei} Preview: May Consumer Price Index, CPI ex Food & Energy and CPI NSA due at 8:30 am ET
[08:11] {Threei} Consensus expectations
[08:11] {Threei} - Consumer Price Index m/m: 0.3%e vs 0.0% last.
[08:11] {Threei} - CPI ex Food & Energy m/m: 0.1%e vs 0.3% last.
[08:12] {nemo} ex food and energy...always love that
[08:13] {Threei} (US) White House Advisor Goolsbee: Fed will be a "day-to-day" supervisor of financial institutions - CNBC (related EUR/USD XLF )
[08:14] {nemo} makes me feel safer
[08:29] {nemo} mtxx dropping fast
[08:30] {Threei} MAY CONSUMER PRICE INDEX M/M: 0.1% V 0.3%E;
[08:31] {Threei} 08:30 AM [CYTR] Tamibarotene Demonstrates Statistically Significant Anti-Tumor Activity in Animal Trial for Multiple Myeloma
[08:33] {_levelseven} animal trial? lol
[08:34] {Threei} CPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E
[08:34] {Threei} yeah... another lucky mouse
[08:35] {Threei} 1.30 buyer can't understand what hit him
[08:36] {Threei} UAUA Guides Q2 capacity -9% y/y, traffic -9.5-10% y/y, PRASM -17.9%-18.9% y/y
[08:36] {Threei} - At end of Q2 see unrestricted cash balance at $2.5B
[08:36] {_levelseven} the good news is, in 5 yrs they may actually start Phase I clinicals on a human
[08:37] {Threei} SVNT... I'd expect more enthusiasm
[08:38] {Threei} and MTXX just can't pick itself up from the floor
[08:40] {jfjf64} time to mk the donuts
[08:43] {Threei} mk? I prfr to et
[08:43] {jfjf64} me too
[08:45] {Threei} Reminder: Fed Chairman Bernanke scheduled to speak at a financial literacy summit in D.C. at 9amET
[08:45] {Threei} - an advanced text is expected; he will not take Q&A.
[08:45] {jfjf64} pres at 12 45
[08:46] {Threei} on financial regularion overhaul?
[08:46] {jfjf64} y
[08:47] {jfjf64} could be good for us i hope
[08:47] {nemo} no fffffn way
[08:48] {jfjf64} big time frame no 1 min chart hope lol
[08:57] {cosmo} alvr
[08:59] {fernp} good morning everybody
[08:59] {Threei} cosmo, fern :)
[09:01] {_levelseven} stsi big pop
[09:02] {Threei} no new news
[09:04] {_levelseven} hit mid 80's earlier i think
[09:05] {ese} morning
[09:05] {Threei} ese :)
[09:05] {cosmo} alvr tests 4 soon ... i think
[09:07] {_levelseven} alvr have news?
[09:08] {cosmo} Alvarion wins $100 mln contract, shares surgeat Reuters(Wed 3:20am)
[09:08] {cosmo} pre mkt
[09:15] {magoo} morning
[09:15] {Threei} magoo :)
[09:15] {magoo} what we stalking vad?
[09:16] {Threei} MTXX, SVNT
[09:16] {magoo} ok
[09:18] {_levelseven} how lo did m this morn
[09:19] {_levelseven} mtxx
[09:19] {Threei} almost 5.20
[09:21] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {patience} good morning guys....vad, where is the sun today?
[09:22] {Threei} patience :)
[09:22] {Threei} hmmm... I assumed in its usual position... no?
[09:23] {Threei} hmmm
[09:24] {Threei} I may have to leave you guys for a few years, for serious humanitarian reason
[09:24] {Threei} Hello,
[09:24] {Threei} I am only sixteen years old girl orginally from Zimbabuwe, I am looking for a guardian to assist in my present and future life and i will live with you. I have inherited funds that i would want to be claim on my behalf by anyone that will accept to be my guardian and take care of my education and everything from now, after he or she must have received the money.
[09:25] {Threei} I mean... someone should help poor kid, right?
[09:25] {nemo}
[09:25] {nemo} How do you define "help?"
[09:25] {Threei} "guardian to assist in my present and future life "
[09:25] {cosmo} how much money?
[09:25] {Threei} "take care of my education"
[09:25] {nemo} not how SHE defined it
[09:26] {ese} i think your performing a humanitarin service by trying to make us "POOR" sods better trader
[09:26] {Threei} also,
[09:26] {Threei} Right now my life is in serious danger and i want you to be my guardian and make the claim for me
[09:26] {ese} traders...plural
[09:26] {cosmo} problem....sheesh
[09:27] {nemo} fcx dropping like a pun of course
[09:29] {Threei} good
[09:29] {Threei} it's canadian dollar ETF, right?
[09:29] {nemo} FCX...mining stock
[09:29] {nemo} Freeport McMoran
[09:29] {Threei} oh... confused wit something then
[09:30] {nemo} FXC is canadian $ etf
[09:30] {Threei} lol
[09:30] {nemo} FXA australian
[09:30] {Threei} close enough
[09:30] {nemo} FXE euro
[09:30] {nemo} you get the drift
[09:32] {magoo} RIMM Vad
[09:32] {magoo} look
[09:32] {Threei} eeck
[09:32] {Threei} Long Setup: MTXX .80 break
[09:32] {Threei} stop under .70
[09:33] {dino} qcvom l sm .20
[09:33] {dino} qcom
[09:33] {ese} l agen 27
[09:33] {dptl} good morning all
[09:34] {Threei} dp :)
[09:34] {_levelseven} alvr, nice call whoever made it
[09:34] {ese} out agen .33
[09:34] {Threei} cosmo did
[09:34] {ese} + .06
[09:35] {ese} bad fill...tried for .25
[09:35] {Threei} half out MTXX who got it
[09:36] {ese} was in agen
[09:36] {Threei} 1/4 more out
[09:36] {Threei} out in full
[09:36] {ese} god one vad
[09:36] {Threei} a bit too early
[09:37] {ese} good
[09:37] {magoo} out 6.22 TY vad
[09:37] {magoo} fast
[09:37] {Threei} mags :)
[09:37] {Threei} as you like it
[09:37] {_levelseven} wow alvr insane
[09:37] {magoo} yea..took .79 no time to post
[09:37] {cosmo} :)
[09:37] {ese} .50 pts is a pretty good move
[09:37] {Threei} that's some spike ALVR
[09:38] {Threei} I retire, cosmo takes over
[09:38] {cosmo} beach day...
[09:38] {ese} what happened to that stock yesterday that made it loose $12.00
[09:39] {ese} mtxx that is
[09:39] {Threei} we just played it lol
[09:39] {Threei} [09:32] {Threei} Long Setup: MTXX .80 break
[09:39] {magoo} again?? lol
06[09:40] * Threei passes to ese hypodermic needle with dose of mean black coffee
[09:40] {Threei} lol mags
[09:40] {ese} ese starts twitching
[09:41] {Threei} SVNT hard selloff
[09:42] {Threei} Long Setup: SVNT .90 break
[09:42] {Threei} if holding above .80
[09:44] {magoo} vad..u readin RIMM..
[09:44] {Threei} Long Setup: MTXX .40 half lot if stays above .20
[09:44] {dino} rimm to 75 strike area imo
[09:44] {Threei} no mags
[09:44] {_levelseven} 40?
[09:44] {magoo} if mkts bounce im following it
[09:45] {Threei} SVNT invalidated
[09:46] {patience} looking for bounce in POT, it dropped out of bed this morning
[09:46] {Threei} FDIC's Bair: Financial sector has been stabilized 'for now' (related XLF )
[09:46] {dino} pot
[09:46] {nemo} all commodity mineral stocks have been tanking
[09:47] {dino} opps sorry patience
[09:47] {patience} i'm not long in it dino
[09:47] {patience} waiting to pick it up again
[09:47] {patience} will scalp
[09:47] {jfjf64} svnt
[09:47] {dino} watching here too
[09:48] {dino} heck of a gap 107
[09:48] {patience} :)
[09:48] {Threei} SVNT, pullback into .80 worth a try
[09:48] {dino} titn gap fill
[09:51] {ese} drys geting stupid....somebody want people out
[09:51] {Threei} wow
[09:51] {Threei} people want out themselves, lol
[09:52] {ese} support is 6
[09:52] {Threei} ENOC Sees Q3 Rev of at least $83M v $39Me- - headline only (unclear if headline is in error)
[09:52] {Threei} - Reminder: On May 6-- Guides Q2 -$0.15 to -$0.22 v -$0.35e, R $38M-$40M v $37.6Me
[09:52] {Threei} lol.. good thing it didn't guide lower
[09:54] {Threei} no go MTXX
[09:55] {jfjf64} wpi
[09:55] {Threei} PALM fell off a cliff
[09:56] {nemo} RIMM PALM POT FCX...etc
[09:56] {nemo} the indices aren't down that much, so where's the money going?
[09:57] {nemo} ahhhh...defensive health stocks some banks
[09:58] {dino} and w/obama against heathcare stocks, it doesn't make sense
[09:58] {dino} pru 35 strile
[09:58] {dino} strike
[09:59] {nemo} yeah, but he's for stem cell/genetic, and of course the staples like JNJ won't get hurt
[09:59] {Threei} well... he is pro-al energy and they don't really perform
[09:59] {nemo} oil down
[09:59] {Threei} that's normal reaction for them
[09:59] {nemo} look at the heat map on the front of FINVIZ.COM
[09:59] {Threei} meaning, his priorities do not get accounted for by te markety
[10:00] {_levelseven} svnt dip
[10:00] {Threei} 12break SVNT if holding above .90
[10:00] {Threei} (US) API: Have seen US fuel demand in May falll to lowest levesl in 10 years
[10:00] {Threei} there you go
[10:01] {dino} some really brutal selloffs
[10:01] {magoo} in svnt
[10:02] {vinod} GM to all
[10:02] {Threei} vinod :)
[10:04] {ese} to be honest....i haven't understood market behaviour the last few days....seems like huge selling going on but not really.......feels up but not really doing it....hmmmmmmm confused
[10:05] {magoo} ive been congfused for years
[10:05] {Threei} my feeling too ese
[10:05] {Threei} that's why I continue thinking (as much as I do thinking thingy anyway) that this retreat is a trap for shorts
[10:05] {Threei} and ditto mags
[10:05] {ese} makes it tough when you make a trade....something always lurking in the back of your mind
[10:06] {ese} i'm thinking your right there vad
[10:06] {Threei} SVNT, no pressure
[10:07] {Threei} probably out of gas
[10:07] {Threei} I am scratching half
[10:07] {ese} vad that would explain the tanking of drys....because the news has been realitively good
[10:09] {dino} the week before and the week of options expiration typically have 5% down moves
[10:09] {nemo} should we trail stop on svnt?
[10:09] {Threei} nowhere to trail yet
[10:09] {Threei} low of the range is still .90
[10:10] {Threei} it hasn't established any new supports
[10:10] {Threei} I just dumped half breakeven
[10:10] {nemo} just going on you're "out of gas" comment
[10:10] {ese} this is options week isn't dino.....forgot about that
[10:10] {Threei} [10:07] {Threei} I am scratching half
[10:11] {Threei} Long Setup: ALVR .15 break
[10:11] {Threei} if stays above 4.10
[10:11] {Threei} 1:1 SVNT
[10:12] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:12] {Threei} **consensus expectations:
[10:12] {Threei} Crude: -1.8Me
[10:12] {Threei} Gasoline: +750Ke
[10:12] {Threei} Distillate: +1Me
[10:13] {Threei} BBT Redeems TARP (21.68, -0.55, -2.47%)
[10:13] {magoo} out .21 TY vad
[10:13] {magoo} svnt
[10:13] {Threei} out
[10:13] {Threei} .23
[10:14] {magoo} grrrrr lol
[10:14] {Threei} lol
[10:14] {Threei} we both missed that spiked into .30 thoughj
[10:15] {Threei} DSCO Ticks higher on some positive chatter regarding surfaxin (1.17, 0.09, 8.33%)
[10:16] {Threei} Note: DSCO was to meet with the FDA on June 2 to discuss the complete response letter
[10:18] {Threei} US Senate commitee reportedly approves energy legislation to expand drilling in Gulf of Mexico and initiate a new renewable energy mandate (related USO OIH FAN TAN )
[10:19] {dino} wow
[10:19] {nemo} svnt holding support @ 0.8
[10:19] {nemo} .08
[10:20] {dino} evep fast fall
[10:20] {Threei} hmm?
[10:20] {Threei} SVNT? .08?
[10:20] {nemo} sorry alvr
[10:20] {Threei} SVNT becomes a candidate for gravity denial if breaks .50
[10:20] {Threei} risky as hell
[10:21] {nemo} alvr thru support
[10:21] {dino} cern spike
[10:21] {dino} missed esi
[10:21] {magoo} was watching movie Hellboy last nite..luved it
06[10:22] * Threei slaps magoo around a bit with a large copy of Fallen
[10:22] {nemo} never saw it before? I haven't seen the 2n one
[10:22] {Threei} CYBE Halted: News pending (5.25, -0.32, -5.75%)
[10:22] {nemo} Did I ever tell you about the day I almost died?
[10:22] {nemo} quote
[10:25] {Threei} CYBE Chairman Steven K. Case killed
[10:26] {dino} plane crash
[10:26] {jfjf64} ouch
[10:30] {Threei} DOE CRUDE: -3.87M V -1.8ME
[10:30] {Threei} GASOLINE: +3.38M V +750KE; DISTILLATE: +308K V +1ME
[10:31] {Threei} Distillate demand -188K bpd to 3.38M bpd
[10:31] {Threei} - Gasoline demand +213K bpd to 9.35M bpd
[10:34] {Threei} MOS Hearing Potash names defended at Morgan Stanley (timing uncertain) (46.22, -4.99, -9.74%) (related POT AGU CF TNH TRA )
[10:39] {Threei} ALVR formed new setup, .10 break
[10:42] {dino} germany k& s group fertilizer demand weak in europe; realmoney,com
[10:43] {Threei} pesky scalpers can exit here
[10:44] {Threei} daytraders half out
[10:48] {magoo} which am i again?
[10:49] {Threei} you mags are embodiment of identity crisis
[10:49] {Threei} I don't know how dino hasn'tr burned out his retina yet by watching you dancing in tutu the market opening dance daily
[10:53] {dino} i close the door
[10:53] {Threei} ad he doesn't break it down?
[10:54] {dino} don't give him ideas
[10:54] {Threei} oops
[10:56] {magoo} magoo gets up..checks out door construction
[11:02] {Threei} NY Fed: Purchased $7B in $300B outright coupons purchase; Dealers submitted $26.2B for consideration (bid to cover
[11:02] {dino} scanners solid green
[11:03] {Threei} bid to cover 3.74)
[11:13] {wulff} ho hum
[11:15] {Threei} SVNT...
[11:16] {Threei} (IA) Iranian Govt reiterates has no intention to acquire nuclear weaopns, IAEA's El Baradei is 'absolutely wrong' (related USO )
[11:17] {jfjf64} svnt??
[11:19] {Threei} trying to gauge whether I am interested in .50 break
[11:20] {jfjf64} that what fig ty
[11:25] {jfjf64} ill wait for ya assesment
[11:26] {Threei} US President Obama: Planning to take 'decisive' action to fix damage to economy; regulatory reform proposals are to aim for 'careful balance' (related XLF )
[11:28] {jfjf64} fas doesnt lk that
[11:29] {Threei} MS Redeems TARP (27.40, -0.70, -2.49%)
[11:33] {ese} sorry to leave you all ....have to sign out early today....cya tomorow
[11:33] {Threei} take care ese
[11:39] {dino} cya es
[11:50] {Threei} ok
[11:50] {Threei} .50 break long
[11:50] {Threei} risky as hell
[11:50] {nemo} on what
[11:50] {nemo} svnt?
[11:50] {Threei} yes
[11:56] {Threei} half out into this spike
[11:56] {Threei} scalpers take profit
[11:57] {Threei} US Senate Panel has reportedly delayed vote on health care legislation (related PPH BBH )
[11:57] {jfjf64} out in full ty
[11:57] {Threei} :)
[12:02] {Threei} JPM Redeems TARP (32.68, -0.82, -2.45%)
[12:12] {Threei} F CEO: Gaining market share, cites viability of business in customer choice
[12:12] {Threei} - Comments that the company is cautiously optimistic that sales have reached bottom (5.62, -0.05, -0.88%) (related GMGMQ F.IT )
[12:21] {dino} pot: fwiw announced yesterday another reduction of 800,000 tons of patash production in '09
[12:30] {wulff} big c & h on aapl fwiw
[12:33] {jfjf64} svnt monster
[12:33] {Threei} 1/4 more out
[12:33] {Threei} stop to .55
[12:33] {jfjf64} ya still in
[12:35] {jfjf64} vads a monster yeah
[12:35] {Threei} lol
[12:35] {jfjf64} when i grow up wanna be lk ya
[12:37] {Threei} you just need to become lazier
[12:37] {wulff} and drink more
[12:39] {jfjf64} those 2 easy hv to learn to stay in trades longer
[12:43] {magoo} let winners win
[12:49] {Threei} MTXX Reportedly CNBC's Huckman to interview CFO at 2:30ET - blog (6.15, 0.37, 6.40%)
[12:54] {Threei} OK... I am more or less restored after trying wulff's advice
[12:55] {jfjf64} ??
[12:55] {Threei} [12:37] {Threei} you just need to become lazier
[12:55] {Threei} [12:37] {wulff} and drink more
[12:55] {jfjf64} gotcha
[12:57] {jfjf64} any site en of mista obma
[12:58] {Threei} he is on TV
[12:58] {jfjf64} ty
[12:58] {nemo} telling about how the new sheriff is gonna' clean up the Wal street Corral
[12:58] {nemo} Wall
[12:59] {jfjf64} had tv off will leave it off
[12:59] {nemo} I never watch
[13:01] {jfjf64} alvr
[13:01] {Threei} (US) President Obama: Expects transformation of financial regulations on a scale not seen since the Great Depression (related EUR/USD TLT SHY XLF )
[13:02] {jfjf64} was watchin for break ofv .15 missed it
[13:02] {nemo} this should be futaftw
[13:23] {Threei} GS Redeems TARP (141.30, -2.86, -1.98%)
[13:23] {Threei} so, TARP is largely redeemed in a single day it seems, lol
[13:24] {nemo} well, GS got what went to AIG
[13:29] {Threei} (US) Rep Frank (D): Does not expect Congress to pass financial regulatory overhaul before the end of 2009 (related XLF )
[13:30] {Threei} I thought it was very urgent
[13:30] {nemo} when he saw what would happen to his re-election coffers, he changed his mind
[13:30] {nemo} BF's my Congressman :) :( :o!
[13:32] {jfjf64} careful nemo
[13:32] {nemo} what?
[13:32] {vinod} I am going to tell frank, nemo is not talking nice about you?
[13:33] {nemo} what didn't I say that was nice?
[13:33] {nemo} or, uncouth
[13:33] {nemo} lacking in decorum
[13:33] {nemo} what?
[13:34] {nemo} weasels
[13:34] {nemo} mmmhhh...oil is positive
[13:34] {nemo} $ falling?
[13:35] {jfjf64} svnt gettin ready for takeoff
[13:38] {nemo} wonder if the PPT can get the S&P to close over 920 today?
[13:38] {Threei} T. Boone Pickens plans to invest in a new auto company - Auto News
[13:38] {Threei} what new auto company?
[13:38] {Threei} General Mofordysler?
[13:39] {nemo} MoFo for short
[13:39] {Threei} MoFoEr
[13:39] {nemo} yeah, that works too
[13:39] {jfjf64} ya cut off vad
[13:40] {jfjf64} no more drinkin today
[13:40] {Threei} SVNT... believe it or now, last portion is still here
[13:40] {Threei} ok jf... it was time anyway
[13:40] {Threei} so now I am smoking-free, drinking-free...
[13:40] {jfjf64} im liken .75 svnt
06[13:41] * Threei is cheking out his back to make sure there are no wings forming
[13:41] {nemo} I'd be more worried about a tail
[13:42] {Threei} why would I worry about that
[13:42] {Threei} quite useful rudiment
[13:42] {nemo} ahhhh...o.k....don't want to know
[13:43] {Threei} The new auto company is staffed by former Mazda design chief Tom Matano plans to build "environmen... etc
[13:43] {nemo} wow...ppt striking early
[13:45] {Threei} lol
[13:45] {Threei} there is no other way to go up but PPT, right?
[13:48] {magoo} hellboy has a tail
[13:48] {Threei} any wings?
[13:49] {nemo} no
[13:49] {magoo} nope..cut his horns off too
[13:52] {dino} qcom to .15
[13:54] {nemo} best one in a while
[13:56] {dino} mtxx moving
[13:57] {dino} lol nemo, but yeah, true
[13:57] {nemo} almost a $
[13:57] {Threei} not sure why
[13:57] {Threei} interview hasn't started yet
[13:57] {nemo} PPT
[13:57] {Threei} PPT buying MTXX?
[13:58] {dino} it's there
[13:58] {nemo} Paulson's pulling the levers from John Hopkins...sure
[13:58] {Threei} now I've heard everything :)
[13:58] {nemo} Never met a conspiracy theory I didn't like
[13:58] {Threei} true
[13:58] {dino} out qcom +.94
[13:58] {Threei} my favorite is moon flight set in video studio
06[13:58] * magoo slaps dino around a bit with a large trout
06[13:59] * nemo slaps dino around a bit with a large roll of cash
[13:59] {dino} ouch
[13:59] {nemo} if getting whacked with cash hurts...geez
[14:00] {nemo} Personally, I'm a cash masochist
[14:00] {dino} that trout was old
[14:00] {dptl} have a good evening all
[14:01] {dino} cya dp
[14:01] {Threei} US Advisor Larry Summers: Fed did not 'cross the line' in emergency lending; power needs accountability
[14:01] {Threei} take care dp
[14:01] {Threei} INTC Plans to change chip branding, dropping Centrino brand name for PC systems - WSJ (16.21, 0.35, 2.21%)
[14:01] {Threei} who cares?
[14:02] {Threei} MTXX isn't over
[14:02] {Threei} probably aiming for 7
[14:02] {Threei} unless intrerview turns sour
[14:08] {magoo} mkts losing ground
[14:08] {magoo} carefyul
[14:09] {nemo} QCOM got an upgrade from GS today
[14:09] {jfjf64} nice pul bk mtxx any thing vad
[14:10] {nemo} a DT inside the Bollinger Bands, is that a tad negative?
[14:11] {Threei} .60 break worth a try'
[14:11] {jfjf64} stop at
[14:11] {Threei} what do you think?
[14:12] {jfjf64} below .50
[14:12] {Threei} :)
[14:15] {Threei} AXP Pays back TARP funds (24.37, -0.32, -1.30%)
[14:19] {Threei} I intend to sell half above /70
[14:20] {Threei} trying to squeeze more than scalp out of it
[14:20] {nemo} you weren't that top tick?
[14:20] {Threei} maybe too optimistic but what's my risk here
[14:20] {nemo} slippin'
[14:20] {nemo} .10
[14:20] {Threei} COF Redeems TARP (23.13, -0.02, -0.09%)
[14:20] {Threei} I am telling you...
[14:21] {Threei} half out
[14:21] {Threei} offering 1/4 .81
[14:21] {Threei} out 1/4 morw
[14:22] {jfjf64} nice nice
[14:23] {Threei} NTRS Redeems $1.576B in TARP
[14:23] {Threei} - The total purchase price included a final accrued dividend.
[14:23] {Threei} - The repayment is expected to r... (52.34, -0.39, -0.74%) more...
[14:26] {nemo} jazz...sheesh
[14:28] {magoo} rot or rip vad??
[14:29] {Threei} rip
[14:29] {nemo} sure feels that way
[14:29] {magoo} oh oh..first time u committed to rip in awhile
[14:31] {Threei} I just start falling in love with this PPT thingy
[14:31] {Threei} it's so darn convinient
[14:31] {Threei} anything different from what I think - it's PPT
[14:34] {jfjf64} mind me askin what ppt
[14:34] {nemo} Plunge Protection Team
[14:34] {Threei} Post Processing Tractor
[14:34] {jfjf64} where we buy that that on vads site
[14:35] {Threei} Peer Poking Torunament
[14:35] {nemo} WHAT!!
[14:36] {jfjf64} pretty perky t hmmm
[14:36] {Threei} People Peeping Through
[14:37] {jfjf64} like mine the best guys PPT YEAH
[14:37] {nemo} Prurient
[14:37] {nemo} bad interview I guess
[14:37] {Threei} hmmm... Iguess interview did turn sour, lol
[14:38] {jfjf64} yup
[14:38] {jfjf64} or did it
[14:39] {jfjf64} .50 break straight to 7
[14:41] {Threei} MTXX on CNBC
[14:41] {Threei} MTXX CFO: This came as a total surprise, believe the FDA's action is totally unwarrented - CNBC interview (6.48, 0.70, 12.11%)
[14:43] {Threei} - Blames reports of loss of smell on "other factors" than use of Zicam
[14:43] {Threei} I believe that
[14:44] {jfjf64} yikes
[14:44] {Threei} I never used Zicam but lost my feel of smell ever since they started handing out TARP money
[14:48] {dino} not helping the stock
[14:55] {magoo} um boss..we still on for the RIP
[14:55] {Threei} asking me??
[14:55] {Threei} PPT
[14:56] {magoo} piss poor traders?
[14:56] {Threei} good one
[14:56] {jfjf64} ditto lk it mags
[15:00] {jfjf64} this ppt could go for a cold one
[15:04] {Threei} MTXX seems to play out for today
[15:08] {jfjf64} vol died out
[15:11] {Threei} T. Boone Pickens: Oil to average $80-85 over the coming year (related USO )
[15:11] {Threei} {--- crying
[15:11] {magoo} me too
[15:11] {Threei} same guy who said oil will not lose 120, then "oil will never lose 100"
[15:11] {magoo} he was the guy who got rectume-ized
[15:11] {dino} yeah, and he went in heavy
[15:11] {Threei} haven't learned his lesson?
[15:12] {dino} altho, i agree w/the pickes' plan on natural gas
[15:12] {Threei} STT Reportedly redeems $2B in TARP funds - email (45.88, 0.87, 1.93%)
[15:12] {Threei} but of course
[15:12] {magoo} waiting on wells to do same vad
[15:18] {Threei} AMZN Reportedly may be hit with a new sales tax in North Carolina, sends warning letter to local affiliates warning they may be terminated due to taxes - local press
[15:18] {Threei} whoa
[15:31] {Threei} (US) FDIC's Bair: Praises new regulatory proposals from the Obama Administration, cites the administration's "inclusive approach"
[15:31] {Threei} - Market participants must understand that large institutions can and will fail.
[15:31] {Threei} - Effective resolution authority will be uniformly applied to institutions in a consistent manner.
[15:35] {jfjf64} lk vol spike svnt
[15:35] {Threei} can't et a read on it
[15:37] {jfjf64} .62 break for me
[15:41] {magoo} this RIMM dump makes the earnings play even more difficult
[15:41] {dino} pot gap around 91
[15:42] {Threei} White House Economic advisor Summers: can not rule out that some hedge funds will be categorized as "systemic" firms
[15:42] {Threei} {Hedge Funds} oh yeah? dump everything boyz, let's show'em
[15:42] {Threei} (US) Treasury Sec Geithner: There is no plausible alternative to the Fed as overseer of systemic risk
[15:42] {Threei} - Believes Fed's authority was inadequate in some ways, overhaul of financial sector regulations will clarify Fed's authority.
[15:42] {Threei} - Capital requirements is the most important part of the overhaul that does not require legislation.
[15:43] {Threei} they are overselling it
[15:43] {magoo} ok..ty vad, gotta leave early
[15:43] {Threei} 4 or 5 of them are working hard to convince us their plan is great
[15:43] {Threei} take care mags, nice day
[15:43] {Threei} even though disconnected
[15:44] {Threei} but a lot of trades worked nicely
[15:44] {magoo} yup..good day here
[15:44] {Threei} they just feel like separate trees
[15:44] {Threei} no forest
[15:44] {Threei} no single flow to the day
[15:44] {Threei} know what I mean?
[15:45] {Threei} CA) Canadian Fin Min Flaherty: Canadian economy looks quite good
[15:45] {Threei} oh shut up
[15:53] {dino} lol
[15:54] {fernp} good evening all. see you tomorrow
[15:54] {dino} gotta hop, tee time in 35
[15:54] {Threei} take care fern
[15:55] {Threei} okay guys
[15:55] {Threei} thank you all
[15:55] {Threei} have a good eening
[15:55] {Threei} see you tomorrow
[15:55] {jfjf64} good day
[15:58] {nemo} nite

Tuesday, June 16, 2009

Jun 16 2009

Many setups formed but never triggered; couple that did worked for scalps.And then there was MTXX to make life interesting

Session Time: Tue Jun 16 00:00:00 2009

[08:22] {_levelseven} EMKR perky
[08:25] {Threei} EMCORE Corporation Awarded $5M Solar Panel Manufacturing Contract for NASA''s Global Precipitation Measurement Mission
[08:25] {Threei} - The contract, valued at approximately $5M, will be managed by MEI Technologies, Inc. for the NASA Goddard Space Flight Center (GSFC).
[08:25] {Threei} - The Global Precipitation Measurement (GPM) mission is one of the satellite-based science missions studying global precipitation, including rain, snow, and ice. The launch of the spacecraft is presently scheduled for summer of 2013.
[08:25] {Threei} - The GPM spacecraft solar arrays will be powered by EMCORE''s latest generation, 30% efficiency class ZTJ multi-junction solar cells.
[08:25] {Threei} - Production of the solar cells and panels will take place at EMCORE''s state-of-the-art manufacturing facilities located in Albuquerque, New Mexico.
[08:30] {nemo} what i miss?
[08:36] {vinod} good morning
[08:36] {Threei} nemo, vinod :)
[08:38] {Threei} SQNM trying to build consolidation
[08:38] {Threei} MAY HOUSING STARTS: 532K V 485KE; BUILDING PERMITS: 518K V 508KE
[08:38] {Threei} MAY PRODUCER PRICE INDEX M/M: 0.2% V 0.6%E; PPI EX FOOD&ENERGY: -0.1% V 0.1%E
[08:40] {Threei} SPPI had to go ahead and post news of some dilution
[08:46] {Threei} EMKR pulled back some
[08:54] {_levelseven} 3i, is there a way to keep Mibbit "on top" so it doesnt get replaced every time I click another window?
[08:55] {Threei} yes but it's about keeping browser itself on top
[08:55] {Threei} there is a freeware somewhere that does that
[08:55] {_levelseven} maybe ill switch over to IRC
[08:55] {Threei} I use mirc so don't have it but easy to search
[08:59] {Threei} SQNM daily feels like thing is building up for the murdering shorts
[08:59] {_levelseven} ?
[08:59] {Threei} which part? :)
[09:00] {_levelseven} to kill or for benefit of shorts?
[09:00] {Threei} to kill
[09:00] {Threei} maim
[09:00] {Threei} dstroy
[09:04] {Threei} MS Reportedly expects to repay TARP money this Tuesday
[09:04] {Threei} (RU) Russian Energy Min: no threat to oil output declining
[09:04] {nemo} what does that mean?
[09:05] {Threei} well... make your choice between:
[09:05] {Threei} 1. oil output is safe
[09:05] {Threei} 2. we are not going to threat with decline, we will just diminish it if needed
[09:07] {KSystems} Good morning!
[09:07] {Threei} KS :)
[09:08] {nemo} Gruess Gott
[09:10] {KSystems} Grues Gott?
[09:10] {KSystems} thats the wrong corner
[09:10] {nemo} Ich weiss
[09:10] {nemo} geht doch?
[09:11] {fernp} good morning all
[09:11] {nemo} fern
[09:11] {dino} gm all
[09:11] {KSystems} I'd compare it to yelling "Howdy, Cowboy" to a Canadian
[09:11] {Threei} fern, dino :)
[09:12] {_levelseven} that $5 sqnm seller persistent
[09:13] {fernp} l7 you can download keepontop utility from here
[09:13] {dino} fem?
[09:13] {fernp} allows you to keep MBBIT window on top of all the rest
[09:13] {_levelseven} hey, thanks alot fernp
[09:14] {KSystems} any1 out there who's using mibbit and would like to switch to mirc?
[09:14] {_levelseven} now i can keep pretending i know how to speak many foreign languages
[09:14] {fernp} :)
[09:14] {dino} genz blood
[09:16] {ese} morning
[09:18] {jfjf64} mornin all
[09:19] {ese} jf
[09:19] {jfjf64} ese
[09:19] {Threei} ese, jf :)
[09:20] {ese} GENZ dino.....first thing tha pops up for me this morning -4.57
[09:20] {ese} hey vad
[09:21] {nemo} WASHINGTON (AP) -- Industrial production tumbled more than expected last month as the recession crimped demand for a wide range of manufactured goods including cars, machinery and household appliances.
[09:21] {nemo} The Federal Reserve's report shows production at the nation's factories, mines and utilities fell 1.1 percent in May and has declined for seven straight months. Output also turned out to be a bit weaker -- a 0.7 percent decline-- in April than the Fed initially reported.
[09:21] {nemo} The 1.1 percent drop in May was the deepest since a 1.8 percent plunge in March.
[09:21] {nemo} story came across @ 9:17
[09:23] {dino} es re:genz, on it
[09:28] {Threei} watching EMKR for possible pop after open
[09:30] {Threei} .55 break
[09:30] {Threei} long for scalp
[09:30] {Threei} stop under .50
[09:31] {Threei} invalidated
[09:31] {ese} L sm genaz.00
[09:32] {ese} out genz.22
[09:32] {magoo} morn
[09:32] {Threei} magoo :)
[09:32] {ese} whoa
[09:32] {ese} +.22
[09:33] {ese} 1'2 lot
[09:33] {Threei} Long Setup: SQNM .90 break if styas above .85
[09:33] {Threei} oops... broke while I typed
[09:33] {ese} basically 2 clicks of the mouse within seconds
[09:35] {nemo} emkr building support
[09:35] {ese} higher lows dino.....gonna try .00 again
[09:36] {Threei} Goldman Sachs Cheif Economist: There are clearly "green shoots" in many countries, but still sees potential for market correction over next several weeks
[09:36] {Threei} can they stop using this term?
[09:37] {nemo} I was just going to say that
[09:37] {Threei} JAZZ sharp selling
[09:37] {Threei} no news that I see
[09:37] {_levelseven} emkr, make up ur mind
[09:37] {ese} l genaz .90
[09:37] {ese} genz
[09:38] {ese} agressive entry
[09:38] {ese} 1/2 lot
[09:38] {Threei} RMBS
[09:39] {Threei} SQNM is back in trigger
[09:39] {Threei} .92 worth a try
[09:39] {Threei} same condition
[09:40] {dino} pnra sm l .75
[09:41] {ese} out genz out genz.15
[09:42] {ese} +.25
[09:42] {ese} kinda like dive dive dive!!!
[09:43] {Threei} American Bankers Assoc (ABA): unemployment in US to peak at 10% and will stay above 9.5% throughout 2010; expect recession to end in Q3 2009; see US GDP over 3% by 2H 2010
[09:43] {dino} gj es
[09:44] {Threei} invalidated SQNM
[09:44] {ese} tks......if i had your nerve i'd still be in there
[09:45] {Threei} Long Setup: RMBS .30 break
[09:45] {Threei} stop under .20 or .15, both are valid
[09:45] {dino} stec
[09:46] {Threei} IMMU Reports New Antibody for Pretargeted Imaging and Therapy of Colorectal Cancer (2.55, 0.15, 6.25%)
[09:46] {Threei} RMBS invalidated
[09:46] {Threei} what the deuce
[09:46] {nemo} qs and spy climbing too
[09:46] {Threei} no trade will set up
[09:47] {vinod} movement are weird
[09:48] {ese} l genz .51
[09:48] {ese} 1/2
[09:49] {ese} out .74
[09:49] {nemo} go home ese
[09:49] {ese} +.23
[09:49] {fernp} gj ese
[09:50] {Threei} STEC lost its mind
[09:50] {_levelseven} emkr back
[09:50] {ese} tks......
[09:51] {ese} to tired to do anything yesterday.....feel fine today
[09:51] {_levelseven} emkr hod
[09:51] {jfjf64} gj ese
[09:53] {ese} tks
[09:54] {dino} pnra stopped -.27
[09:55] {nemo} genz pulling back ese
[09:55] {ese} will take a look
[09:56] {ese} am following drys
[09:56] {Threei} I don't even know what to follow
[09:56] {Threei} everything seems to be totally random and disconnected
[09:56] {ese} it does seem very ramdon this morning vad
[09:57] {Threei} hey, I;'ve got an idea
[09:57] {nemo} options expiration week?
[09:57] {Threei} I'll follow you ese
[09:57] {nemo} play a flute ese?
[09:57] {ese} nope!
[09:57] {ese} in music school
[09:57] {nemo} Pied Piper
[09:58] {dino} apkt
[09:58] {ese} woodwind told me he was gonna pass me just so that he'd never have to see me in his class ever again
[09:59] {ese} i took that as a sign for playing a woodwind instrument
[09:59] {Threei} STEC, this is a joke or what, lol
[09:59] {_levelseven} emkr barely made nhod
[09:59] {Threei} stock was under 5 earlier this year
[09:59] {jfjf64} lzb s trigger .19
[10:00] {dino} raised guidance by 40%
[10:00] {Threei} not enough enthsiasm for me, l7
[10:00] {ese} stec dino?
[10:00] {jfjf64} invalid
[10:00] {dino} yes 20 to 32 cents, revs. raised from 70m to 82 m
[10:01] {ese} anybody in stec
[10:01] {_levelseven} emkr getting enthusiastic
[10:01] {ese} nice 4 bill move there
[10:01] {dino} no
[10:03] {Threei} yeah
[10:03] {Threei} well, I misdjudge tem today
[10:03] {magoo} RMBS bounce time imo
[10:04] {ese} rats.....took a look at stec and missed pullback in drys
[10:04] {magoo} u reading RIMM boss?
[10:05] {ese} weird feeling day
[10:05] {Threei} not sure mags
[10:05] {jfjf64} tsl wow
[10:07] {Threei} Long Setup: RMBS .85 break
[10:07] {Threei} stop under .80 or .75
[10:14] {Threei} Analysts at Morgan Stanley comment on current equity run
[10:14] {Threei} - State markets need a 'v' shaped recovery to sustain any further equity rise
[10:14] {Threei} - Analysts do not see 'v' shaped recovery, next equity move likely to be more down than up
[10:14] {Threei} - Equity rally does not represent true beginning of new bull market
[10:14] {Threei} that's 4th setup invalidated
[10:15] {jfjf64} got stopped
[10:15] {magoo} to bad we didnt short it a point ago lol
[10:16] {nemo} snda up big
[10:17] {nemo} genz ese
[10:18] {Threei} PALM
[10:19] {ese} hey nemo......
[10:19] {nemo} you
[10:19] {nemo} yo
[10:19] {ese} sorry wasn't wathing it
[10:19] {nemo} np
[10:20] {ese} who knows though with the way the market is yo yoing around
[10:21] {ese} i think i'm barking up the wrong tree with drys.....doesn't want to do anything
[10:22] {_levelseven} stocks trading like its lunch time
[10:23] {ese} i like the levels that fitb is heading for.......
[10:23] {magoo} hows volume?
[10:23] {Threei} pitiful
[10:23] {vinod} market need help for direction
[10:24] {magoo} we close up or down yesterday?
[10:24] {ese} up
[10:24] {ese} no dn
[10:24] {dino} shld sm l .00
[10:24] {Threei} Long Setup: SAY .05 break if stays above 4
[10:25] {magoo} SAY it aint so.....
[10:26] {Threei} 1:1 for scalpers
[10:27] {Threei} frikin PALM
[10:27] {Threei} started typing alert .90 break when it pulled back,
[10:27] {Threei} it jumped to .97 in a blink
[10:27] {Threei} so I dropped it
[10:33] {Threei} EMKR gaining speed
[10:33] {_levelseven} emkr
[10:33] {_levelseven} too bad not getting much in pb's
[10:36] {_levelseven} palm have anopther bounce?
[10:37] {Threei} if market reverses up
[10:37] {Threei} it's not following market exactly, but does need directional support at the given moment
[10:40] {Threei} (FR) French Pres Sarkozy; There was fraud in Iranian election (related USO )
[10:41] {dino} shocking
[10:41] {Threei} BRIC countries: agree that world needs a more diversified financial system
[10:41] {_levelseven} emkr tiny ps'b, staying near hod = frustrating
[10:42] {dino} titn l .20
[10:44] {_levelseven} in emkr 64
[10:44] {Threei} here is better EMKR pullback
[10:45] {magoo} RMBS heads to break 19
[10:45] {magoo} pos tho
[10:45] {_levelseven} i hated trading rmbs years ago..wont touch it
[10:47] {ese} know what you mean.......mags has been trying to coach me through rmbs and aapl but both of them beat the crap out of me
[10:47] {magoo} HUH?? i NEVER TRADE RMBS
[10:47] {ese} and rimm as well
[10:47] {dino} same here
[10:47] {magoo} its vads
[10:48] {ese} rimm and aapl then mags
[10:48] {magoo} rimm..aapl yes
[10:48] {magoo} u making up stories lol
[10:48] {ese} ya can lump rmbs in with that lot as far as i'm concerned
[10:49] {Threei} Long Setup: MGM .90 break if stays above .85
[10:49] {magoo} in
[10:53] {Threei} US Economist Roubini forecasting an end to US recession in late 2009, with subsequent anemic growth
[10:53] {Threei} - Sees risks of a 'double dip' recession in 2010; deflationary pressures for next two year
[10:55] {Threei} lol ALXA
[10:55] {Threei} what woodwork do these things come from
[11:00] {Threei} can trail MGM to .87 if feel very stingy
[11:01] {ese} boy.....these goof balls do tend to come out of the woodwork don't they
[11:01] {dino} sm l ctrp .65
[11:01] {ese} heading to blackpage to catch any of the practise rounds?
[11:02] {Threei} UPS CEO: There can be no economic recovery without global trade
[11:02] {dino} hwkn
[11:02] {dino} thin
[11:02] {Threei} what's his point?
[11:02] {dino} algt blood
[11:02] {magoo} cramer says rimm reports tonite, yahoo had it as thurs..anyone know?
[11:03] {Threei} MGM next spike is coming
[11:03] {Threei} 1:1
[11:03] {ese} you going after that one dion
[11:03] {Threei} half out or scalp, your choice
[11:03] {dino} rimm wed.
[11:03] {ese} dino....dion hmmmmmmm i like it
[11:05] {dino} not yet e(ra)ser
[11:05] {Threei} NY Fed: Purchased $3.65B in $300B outright coupons purchase; Dealers submitted $31.3B for consideration (bid to cover )
[11:05] {Threei} - Heaviest purchase was $ for the maturity
[11:05] {Threei} - Note: avg bid to cover for prior four auctions is 3.26
[11:05] {dino} 35 strike area
[11:06] {Threei} Heaviest purchase was $5.95B for the 06/15/12 maturity
[11:07] {nemo} RIMM reports Thursday after market close
[11:09] {Threei} stop to .89
[11:11] {Threei} ESLR awake
[11:12] {Threei} MTXX Reportedly gets FDA warning letter related to Zicam cold medicine - unconfirmed report
[11:12] {Threei} - FDA nots that Zicam may cause users to loose their sense of smell. (18.71, -0.53, -2.75%)
[11:13] {Threei} depending on location, could be a good thing
[11:14] {dino} mtxx
[11:15] {magoo} news vad MTXX
[11:15] {Threei} ??
[11:15] {magoo} crashing
[11:15] {Threei} lift your eyes 2 lines
[11:16] {magoo} OOPS he he SORRY
[11:16] {_levelseven} blood bath
[11:16] {Threei} down 2 bucks since my post
[11:16] {Threei} I mean 3
[11:16] {_levelseven} anyone try a short?
[11:16] {Threei} I mean 4
[11:16] {dino} bottom?
[11:17] {nemo} just wear a parachute in case
[11:18] {dino} clmt drop
[11:18] {dino} thin
[11:19] {_levelseven} ouch
[11:20] {_levelseven} hello disaster
[11:20] {Threei} you know Imeant 5, right?
[11:21] {magoo} make a call lol
[11:21] {KSystems} in
[11:21] {dino} 12.50 52 week low
[11:22] {_levelseven} MTXX drug would be effective if you frequented the places 3i does
[11:22] {magoo} holy crap there
[11:22] {dino} in v sm 12.50
[11:22] {magoo} DO NOT make a call lol
[11:22] {nemo} you meant 7 right?
[11:22] {magoo} ill take it and get recto-mized
[11:22] {nemo} 60 grit no vaseline
[11:23] {magoo} blood as lube
[11:23] {nemo} That's an nc-17 rated stock
[11:24] {_levelseven} if this was eod, what a fun trader MTXX would be after hours
[11:24] {Threei} I lost count... was it 8?
[11:24] {_levelseven} its going to .01
[11:24] {magoo} i wish vad after news post called it short smsall
[11:24] {magoo} small
[11:25] {magoo} make your day on 100 shares
[11:25] {_levelseven} big bounce
[11:25] {magoo} i missed his news
[11:25] {nemo} It's like watching a bad accient, better look at other stocks
[11:25] {nemo} accident
[11:26] {ese} signing off for an hour and a bit ......gota teach a class....
[11:28] {fernp} bye es
[11:29] {_levelseven} new lo geez
[11:30] {Threei} Tuesday, June 16, 2009 11:25:55 AM
[11:30] {Threei} Matrixx Initiatives Inc. Follow up: FDA says new warning only applies to Zicam nasal products
[11:30] {Threei} - the company's "flagship product" is its Zicam Nasal gel
[11:30] {_levelseven} in 9
[11:31] {_levelseven} out 9.30
[11:31] {nemo} nice
[11:32] {dino} gj
[11:32] {nemo} an ese scalp
[11:33] {magoo} jesus...and u guys think RIMM is bad? lol
[11:33] {magoo} looks like turtle to this
[11:34] {dino} halt
[11:34] {Threei} smelt like that
[11:35] {_levelseven} halted?
[11:35] {Threei} yup
[11:35] {_levelseven} why dont they halt b4 the news??
[11:35] {_levelseven} theifs
[11:37] {Alert} 06/16/2009 11:34:24 MTXX Matrixx Initiatives Inc N T1 Trading is halted pending the release of material news.
06[11:37] * Threei slaps Alert around a bit with a large trout
06[11:38] * Alert slaps Threei around a bit with a large salmon
[11:38] {Threei} siogh... phantoms are too real
06[11:39] * nemo slaps Threei around a bit with a large sturgeon
[11:39] {Threei} oh it's Tuesday
[11:39] {nemo} hey, look what I found:
06[11:39] * nemo slaps Threei around a bit with a large coelecanth
06[11:39] * magoo slaps Threei around a bit with a large trout
06[11:39] * magoo slaps Threei around a bit with a large trout
[11:40] {nemo} fish guts everywhere
[11:40] {Threei} and then I wonder why I get e-mails from fishermen asking what products our site has to offer
[11:40] {Threei} Prez on TV
[11:40] {Threei} which reminds me
[11:40] {nemo} guy's a regular shrinking violet
[11:40] {Threei}
[11:41] {nemo} very funny
[11:41] {KSystems} i wonder what would happen if he went to complain about losing his sense of smell in the middle of his speech
[11:41] {jfjf64} palm .25 break
[11:45] {magoo} u tube too funny vad
[11:45] {Threei} and isn't it true
[11:46] {magoo} yea, first time i ever agreed with bill
[11:47] {Threei} he is smart and funny... just too left
[11:47] {magoo} his burger bush FUNNY
[11:47] {Threei} which makes this tape even more rem arkable
[11:47] {Threei} yeah, lol
[11:48] {Threei} this is NORAD, don't order burgers in the RED phone
[11:48] {magoo} one goes after lord obama..the next saint
[11:48] {magoo} i'm the president..bRING ME A BURGER lol
[11:50] {Threei} vigorous pursuit of demilitarization
[11:50] {Threei} uh oh
[11:52] {wulff} ditto maggo about Bill
[11:52] {wulff} first time
[11:54] {magoo} sometimes i cant even watch him
[11:54] {magoo} try and turn off
[11:56] {_levelseven} forgot to post earlier..short MTXX large 19.22
[11:56] {nemo} hahahaha
[11:57] {magoo} seriously?
[11:57] {_levelseven} 3i, where should my stop be?
[11:57] {nemo} mags 19.22 was hod
[11:57] {Threei} 19.23 l7
[11:57] {_levelseven} thx
[11:57] {nemo} more taurine excrement than a barnyard
[11:57] {nemo} mags, this is the guy that speaks all those languages
[12:05] {Threei} Reportedly US Treasury will not proposes new insurance industry oversight, may propose an "information agency" - unconfirmed report (related XLF )
[12:05] {Threei} strange
[12:05] {Threei} something won't get oversight? no tsar?
[12:06] {patience} probably an agency set up to employ ex-bankers vad
[12:23] {nemo} spy and qs double bottoming?
[12:23] {Threei} no indication wither way yet
[12:24] {nemo} just bringing it up incase somebody just woke up like I did
[12:30] {Threei} (US) House Majority Leader Hoyer (D): Expects the House to examine financial regulatory overhaul legislation in late July or early fall (related XLF )
[12:40] {Threei} PPHM Presents Phase I data showing Cotara delivers more radiation to brain tumors than to other normal organs
[12:40] {Threei} - Peregrine Pharma researchers will present data at the SNM 2009 Annual Meeting showing that its bra... (0.96, 0.06, 6.67%) more...
[12:50] {magoo} RIMM interestuing vad
[12:51] {Threei} feel slike catching falling knives mags
[12:51] {Threei} and we already had falling piano today
[12:53] {magoo} wee did?
[12:53] {Threei} MTXX?
[12:54] {magoo} oh..forgot
06[12:56] * magoo slaps laserdave around a bit with a large trout
06[12:56] * magoo slaps laserdave around a bit with a large trout
06[12:56] * magoo slaps laserdave around a bit with a large trout
[12:57] {dino} -4% dji, ndx, s/p since thursday
[13:05] {laserdave} thanks goober
[13:05] {magoo} anytime:)
[13:06] {ese} back
[13:06] {ese} man......what have you people done to the market since i left......
06[13:08] * KSystems slapped market around a bit with a few large drumsticks
[13:08] {ese} was going up but noooooooo.....thats not good enough for ya ehhhhhhh
[13:10] {ese} What happened...did Bernackers open his big mouth again?
[13:12] {Threei} no
[13:12] {Threei} US Auto Task Force: Noplans to provide auto suppliers wiht new aid - unconfirmed report
[13:12] {Threei} Reminder: Fed Governor Kevin Warsh scheduled to speak on economic policy at 1:15pmET
[13:12] {Threei} - an advanced text and audience Q&A are expected
[13:15] {Threei} Fed's Warsh: Unemployment will remain higher than previous economic downturns; must not pursue legislation that goes too far
[13:20] {Threei} Morgan Stanley Exec Roach: We have not entered a major crisis for the USD, financial markets are 'giddy' - CNBC (related EUR/USD XLF )
[13:20] {Threei} giddy?
[13:22] {Threei} SBUX WSJ: Planning to revamp brewing procedures as part of restructuring (13.93, -0.19, -1.35%)
[13:22] {Threei} huh?
[13:23] {nemo} gonna' reuse the coffee grounds
[13:23] {Threei} rofl
[13:23] {ese} good one nemo....too funny that crack
[13:24] {nemo} broken clock...
[13:24] {jfjf64} what goin on today
[13:24] {Threei} I hate their coffee as it is
[13:24] {nemo} me too
[13:24] {jfjf64} gonna hv to get day job
[13:24] {Threei} strange day jf - 6 calls,
[13:25] {ese} i like it........especially with a hypodermic needle
[13:25] {Threei} 4(!) invalidfated before triggering,
[13:25] {Threei} 2 triggered and worked for scalps
[13:26] {jfjf64} de s .48 trigger
[13:29] {jfjf64} invalid
[13:29] {Threei} lol
[13:29] {Threei} welcome to my world today - The World of Invalidation
[13:29] {Threei} or Invalid World
[13:29] {jfjf64} yup better then stops
[13:29] {Threei} sure
[13:30] {Threei} invalidation = no harm done
[13:30] {Threei} I just want mire of them triggering and working
[13:30] {Threei} but will take whatever market throws my way
[13:30] {Threei} MTXX still hatled
[13:30] {vinod} good afternoon
[13:31] {Threei} vinod :)
[13:31] {Threei} wow SQNM
[13:31] {Threei} quite a slidfe
[13:31] {nemo} look at the jbe on sds
[13:32] {vinod} nemo-did you brought the market down?
[13:33] {jfjf64} with market help de l .71
[13:37] {Threei} vinod... nemo won't confess but I confirm - it's his fault
[13:37] {nemo} fyvm
[13:45] {Threei} I know what I am going to write in blue blurb today
[13:45] {Threei} :look at 13:37 line to see how rude nemo is"
[13:47] {patience} i need a translation it something about my mother?
[13:47] {nemo} I don't know your mother
[13:47] {patience} you're kidding
[13:47] {Threei} I am sorry parience... I am too gentle and polite and soft and vulnerable to transalte that
[13:47] {nemo} oh jeez
[13:48] {patience} oh
[13:50] {KSystems} they have a work-safe translation
[13:50] {KSystems} LOL
[13:53] {patience} ty ks.....i know a shorter way to say this :)
[13:53] {Threei} BNP Chief Economist Fabbri: Oil prices should be around $45-50/bbl, believes there is a commodities bubble, relative to global demand (related USO )
[13:56] {vinod} we might be able to get 10Cent out of TYP
[13:59] {Threei} UPDATE: White House proposes financial consumer protection agency to examine firms, levy fines - WSJ (related XLF )
[14:02] {Threei} no time for MTXX opening yet
[14:07] {jfjf64} s de .48
[14:07] {jfjf64} s de .48
[14:14] {nemo} so much for the bear far
[14:17] {nemo} whoa!
[14:24] {ese} gotta go and give an exam all....see ya tomorow
[14:24] {magoo} bye ese
[14:24] {ese} cya mags
[14:26] {dino} cya es
[14:28] {Threei} DE works
[14:29] {jfjf64} yes slow death
[14:30] {jfjf64} 1/1
[14:30] {dino} gaps dji 8500, ndx 1435
[14:31] {dino} s/p filled yesterday at 919; next 855
[14:31] {jfjf64} 1/4 more .28
[14:34] {jfjf64} fightin
[14:34] {Threei} MTXX Confirms FDA warning letter (8.50, -10.74, -55.82%)
[14:34] {Threei} lol
[14:35] {Threei} FDA has asserted that the Company is in violation of its regulations by failing to file a new drug application for its Zicam Cold Remedy Nasal Gel and Zicam Cold Remedy Gel Swabs and that those products are misbranded under their regulations for failing to adequately warn of risks. The FDA referred to numerous complaints it has received of anosmia associated with the use of these products.
[14:35] {Threei} - Company believes these products are safe and do not cause anosmia. The Company''s position is supported by the cumulative science and has been confirmed by a multi-disciplinary panel of scientists.
[14:37] {_levelseven} sounds more like a labeling issue
[14:37] {Threei} well... either there is this l,oss of smell or not...
[14:38] {nemo} maybe you can help them translate it into different languages L7
[14:38] {Threei} ifd not that then yes, would be purely labeling
[14:39] {Threei} time for MTXX appeared
[14:39] {Threei} 14:50:00 14:55:00
[14:39] {Threei} will inject excitement
[14:40] {Threei} in our dull lives
[14:40] {patience} you need teenagers in your house again vad...i'm shipping mine to you
[14:40] {jfjf64} oh great
06[14:40] * Threei slaps nemo around a bit with a large dose of ginseng
[14:41] {Threei} thanks patience
[14:41] {nemo} actually, I used to take it daily
[14:41] {jfjf64} and
[14:41] {nemo} I'd buy it by the pound, put it in a glass jar and fill it with vodka
[14:42] {nemo} let it soak at least a month
[14:42] {nemo} then do a shot or two a day
[14:42] {jfjf64} nice
[14:42] {nemo} Ruined the taste of the vodka though, so I gave it up
[14:42] {nemo} went back to straight vodka
[14:42] {Threei} I don't know why wait a month
[14:42] {Threei} just drink vodka and chew ginseng
[14:43] {nemo} Have to...these are the roots
[14:43] {nemo} chewing it and ingesting it produce two different effects
[14:43] {Threei} bette yet... one root will sustain you a month at least
[14:43] {nemo} depends on the root
[14:43] {nemo} There are cheap roots for how I used them (about $60/lb)
[14:44] {nemo} and there are extremely expensive roots (very old) for acute applications
[14:44] {nemo} they can cost thousands
[14:44] {nemo} Then there's the type of ginseng depending on your constitution
[14:45] {nemo} Do you take "warm" ginseng, or "cool" ginseng
[14:46] {wulff} lvs l .32
[14:47] {Threei} wulff, if it's working, consider sister play, MGM .56 long
[14:47] {Threei} with stop under .50
[14:47] {wulff} ko
[14:47] {Threei} LVS will serve as a leader to this one it seems
[14:48] {wulff} big offer at .31
[14:50] {Threei} SVNT FDA panel reportedly recommends gout drug Krystexxa for approval; Vote 14-1 (9.26, -0.01, -0.11%)
[14:50] {_levelseven} MTXX gonna trade?
[14:51] {Threei} [14:39] {Threei} time for MTXX appeared
[14:51] {Threei} [14:39] {Threei} 14:50:00 14:55:00
[14:51] {_levelseven} this is gonna be fun to watch
[14:51] {Threei} SVNT too
[14:54] {Threei} no time for SVNT yet
[14:54] {Threei} here goes MTXX
[14:55] {Threei} yikes
[14:55] {KSystems} omg
[14:55] {nemo} what, it's only a 21 cent spread
[14:55] {nemo} 13
[14:55] {nemo} 23
[14:55] {nemo} oy
[14:56] {KSystems} 'ally?
[14:56] {nemo} for what entity?
[14:58] {_levelseven} looks like a buy
[14:58] {vinod} MTXX very wild
[14:59] {_levelseven} gotta let all the amateurs panic out
[15:00] {vinod} you mean all fund managers?
[15:00] {_levelseven} some have to
[15:00] {KSystems} i got some at 5.98
[15:00] {nemo} they don't have to get out ntil it's under $5
[15:00] {_levelseven} blink
[15:02] {_levelseven} not going up fast enuf
[15:02] {_levelseven} ugly
[15:03] {KSystems} jeez :)
[15:03] {vinod} I put order to buy 200 at 5.25
[15:04] {wulff} ese 's would be 20,000
[15:05] {Threei} why 5.25?
[15:06] {_levelseven} needs more violence
[15:06] {vinod} 10% lower than day's low
[15:08] {Threei} hmm
[15:08] {Threei} interesting indicator :)
[15:08] {vinod} my way--some time it works and sometime it doesn't
[15:09] {Threei} when it was at 15, it would lead you to idea to buy at 13.50, right?
[15:09] {Threei} see my point? :)
[15:09] {wulff} that would be a "not work"
[15:09] {nemo} "no worky"
[15:09] {vinod} it is only in this type of situation
[15:11] {vinod} I am worse than amateurs
[15:13] {KSystems} maybe its good for an overnight ;-)
[15:14] {_levelseven} was hoping for more wild swings from this
[15:15] {KSystems} yup
[15:15] {KSystems} could provide quite a gap though
[15:15] {Threei} sure... which way though?
[15:15] {_levelseven} in either direction
[15:15] {_levelseven} time to buy straddles
[15:16] {wulff} no shorts here waiting to cover
[15:16] {KSystems} its better than roulette, still
[15:16] {KSystems} no Zro
[15:17] {magoo} rot or rip?
[15:17] {_levelseven} nothin feels better than grabbin a fallin sword and watchin it spike up a buck
[15:17] {Threei} rip but without much enthusiasm
[15:17] {magoo} rit?
[15:17] {nemo} shorts are going to cover for the afternoon
[15:17] {wulff} I mean in MTXX
[15:17] {Threei} MGM and LVS slowly work
[15:18] {jfjf64} fas movin
[15:18] {_levelseven} dip under 6...ill try to scalp
[15:19] {wulff} hard 1:1
[15:20] {_levelseven} i wouldnt want to take this home short
[15:20] {_levelseven} could get pop
[15:21] {_levelseven} in 5.90 sm
[15:21] {_levelseven} oops
[15:21] {nemo} looks like you sat on the sword
[15:21] {nemo} give it a minute
[15:21] {_levelseven} i think it comes
[15:22] {_levelseven} out
[15:23] {_levelseven} -.05
[15:23] {_levelseven} too dangerous
[15:23] {wulff} now its too dangerous?
[15:23] {nemo} rofl
[15:23] {_levelseven} always dangerous
[15:24] {_levelseven} i wanted quick pop, didnt come so out
[15:24] {wulff} I could use a pop too
[15:26] {_levelseven} 10 mil shares is alot considering every print looks like 100
[15:27] {Threei} now comes the pop
[15:28] {_levelseven} the bounces too small
[15:28] {_levelseven} down like 70%, expect some wilder swings
[15:30] {wulff} almost LVS shakeout
[15:30] {wulff} one more bounce please
[15:31] {wulff} TY
[15:35] {Threei} PARD?
[15:35] {Threei} no news here
[15:39] {Threei} US) Senator Reed (D): Introduces bill to regulate hedge funds, legislation would require hedge fund advisors, private equity funds and venture capital funds to register with SEC
[15:39] {Threei} - Note that on 6/11 White House Advisor Volcker said there is no need to supervise hedge & private equity funds as closely as banks. Very big funds might need capital and leverage requirements.
[15:39] {nemo} the SEC does such a wonderful job now
[15:40] {_levelseven} now that nobody is making any money
[15:43] {KSystems} more news MTXX?
[15:43] {Threei} no
[15:48] {Threei} yikes
[15:48] {Threei} MTXX Formally suspends shipments of 3 of19 Zicam products; will issue some refunds to customers
[15:48] {Threei} - FDA earlier noted that issues it observed were for Zicam nasal product (6.01, -13.23, -68.76%)
[15:48] {_levelseven} someone just got the MTXX news lol
[15:50] {KSystems} BAA halted as well
[15:50] {KSystems} never heard about that company
[15:52] {wulff} they make sheep
[15:52] {Threei} lol
[15:53] {KSystems} lol
[15:56] {Threei} look at this dump
[15:56] {vinod} i cancel my order for MTXX
[15:56] {KSystems} I'm gonna take my portion home tonight
[15:56] {vinod} was afraid i might get it
[15:57] {KSystems} harr
[15:57] {KSystems} still looks pretty weak
[15:57] {KSystems} what would you expect anyway
[15:58] {vinod} I have no clue--boss may have answer
06[15:58] * KSystems slaps boss around a bit with a large sheep
[15:58] {_levelseven} "hi honey, hard day at work?/ Your broker called, said its urgent, something about MTXX"
[15:59] {KSystems} LOL
[15:59] {Threei} ouch
[15:59] {Threei} lol
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {vinod} thanks and have a nice evening
[15:59] {jfjf64} gn all
[16:00] {fernp} good evening all
[16:00] {KSystems} good night everyone
[16:01] {dino} dji gap filled 8500
[16:01] {dino} ndx remains 1435
[16:02] {KSystems} savient is releasing their news
[16:03] {Threei} I see the same
[16:03] {Threei} FDA recommends approavl
[16:03] {KSystems} done...resuming 4:20
[16:03] {Threei} time of trading appeared
[16:03] {Threei} yup
[16:04] {KSystems} good news?
[16:05] {Threei} [16:03] {Threei} FDA recommends approavl
[16:05] {_levelseven} they should do away with halts
[16:05] {KSystems} oh sry
[16:07] {KSystems} do the companies request the halts? or do the exchanges?
[16:07] {Threei} depends
[16:08] {Threei} company can request it
[16:08] {Threei} exchange can demand it
[16:08] {KSystems} ic
[16:08] {_levelseven} just let the news come out, if ur on the golf course, tough luck
[16:09] {nemo} \
[16:24] {Threei} STSI killed

Monday, June 15, 2009

Mon Jun 15 2009

Quiet low volume summer Monday, with a few nice plays though. Small biotechs continue showing stunning rallies here and there.

Session Time: Mon Jun 15 00:00:00 2009

[08:32] {jfjf64} mornin all
[08:33] {jfjf64} early bird gets the worm!!!!!!
[08:34] {Threei} nah... second bird gets the worm, first one gets eaten by the early cat
[08:35] {jfjf64} funny
[08:40] {Threei} IMMU Reports Updated Phase II Results With Radiolabeled Epratuzumab in Non-Hodgkin''s Lymphoma
[08:40] {Threei} Announced that epratuzumab labeled with the potent radioisotope, yttrium-90 (Y-90), when given in small fractionated doses to patients with non-Hodgkin''s lymphoma (NHL), achieved high rates of durable responses at total Y-90 doses exceeding the 32-mCi limit approved for a single dose of ibritumomab tiuxetan.
[08:48] {Threei} Reminder: US govt speakers scheduled for this morning
[08:48] {Threei} - Treasury Secretary Geithner is scheduled to participate in an event discussing the economy at 9amET.
[08:48] {Threei} - at 9:30amET, Chicago Fed President Evans will speak on the financial crisis at a breakfast meeting.
[08:56] {ese} morning vad
[08:56] {ese} opps...morning jf missed ya there
[08:58] {Threei} ese :)
[08:59] {ese} pretty nice weekend in paradise vad
[09:00] {KSystems} morning :)
[09:00] {Threei} IMF: Financial conditions have improved
[09:00] {Threei} totally
[09:00] {Threei} KS :)
[09:01] {ese} ksys
[09:01] {Threei} IMF raises 2009 US economic forecast to -2.5% (from -2.8% prior)
[09:06] {cosmo} bdsi
[09:07] {dptl} good morning all
[09:07] {vinod} good morning
[09:07] {Threei} BIODELIVERY SCI INTL Provides NDA update for ONSOLIS: FDA sees no need for review extension letter; should be within a few weeks of NDA approval
[09:07] {Threei} - Announced that the co has reached agreement with the U.S. FDA Division of Anesthesia, Analgesia and Rheumatology Products and a multidisciplinary review team on all aspects of the companys New Drug Application (NDA) for ONSOLIS (fentanyl buccal soluble film), including the Risk Evaluation and Mitigation Strategy (REMS). Although the FDA did not meet its action date of last Friday for this NDA, the Division has informed the company that FDA will not be issuing a review extension letter as their action on the NDA is forthcoming.
[09:07] {Threei} csomo, dp, vinod :)
[09:07] {cosmo} :)
[09:08] {Threei} (US) Treasury's Geithner: regulatory overhaul to cover gaps in systemic risk protection
[09:11] {Threei} Economy continues to face massive challenges, is in the early stages of repair
[09:17] {fernp} good morning everybody
[09:17] {ese} fern
[09:18] {Threei} fern :)
[09:19] {tomg} good morning all
[09:19] {Threei} tom :)
[09:20] {cosmo} cramer likes TQNT fyi
[09:21] {Threei} TQNT Price Target raised to $7 from $5 at Barclays, maintains overweight rating
[09:22] {ese} was reading a brokers blog a few years back and their standard play was to short cramer when he like something.......i'll bet they still do it
[09:26] {patience} good morning guys :)
[09:27] {Threei} patience :)
[09:27] {ese} patience
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:29] {magoo} kugfjyyfjyuf
[09:29] {ese} how bout that heres the blog
[09:29] {Threei} 06/15/2009 08:05 AM [JAZZ] Data Suggest Sodium Oxybate Significantly Improves Pain and the Core Symptoms of Fibromyalgia
[09:29] {Threei} mags :)
[09:30] {ese} mags
[09:30] {Threei} Fed's Evans: TALF is working as expected
[09:31] {Threei} watching JAZZ
[09:33] {Threei} let's try to get it on pullback
[09:34] {Threei} BDSI hard selloff
[09:35] {Threei} 3.40 - 3.50 area JAZZ
[09:38] {cosmo} svnt
[09:38] {cosmo} 9.62 hod
[09:38] {Threei} one more sharp leg down JAZZ, and will be interested
[09:39] {Threei} Long Setup: SPPI 6.10 break
[09:41] {Threei} SQNM
[09:41] {Threei} no news that I see
[09:41] {nemo} STOP ON SPPI?
[09:42] {Threei} under 6 if triggers from here
[09:45] {_levelseven} in sqnm 4.99
[09:47] {magoo} BAC bounce coming
[09:47] {magoo} not in yret
[09:48] {dino} 8633 been holding, 926, and 1475
[09:48] {magoo} clubbed mkt
[09:48] {Threei} quite a selloff there
[09:48] {magoo} end of world vad???
[09:48] {dino} going to blow thru those levels, feels like
[09:48] {Threei} sure, we haven't had one this week yet
[09:48] {nemo} 2012
[09:48] {Threei} so let's have early and move on
[09:48] {Threei} SPPI invalidated
[09:48] {dino} gaps 5/29; 8500, 1435, 919
[09:49] {Threei} WFC is relatively stronger
[09:49] {vinod} QID?
[09:49] {magoo} agree
[09:49] {dino} ibm strong
[09:49] {nemo} SDS
[09:50] {Threei} JAZZ bounced from .45
[09:51] {Threei} was tough entry there
[09:51] {vinod} missed JAZZ
[09:51] {magoo} yea
[09:51] {magoo} SPY may be ready vad to bounce
[09:52] {nemo} maybe look for double bottoms given the indices today
[09:53] {Threei} JAZZ just goes
[09:53] {Threei} that initial read was the most accurate
[09:53] {Threei} [09:35] {Threei} 3.40 - 3.50 area JAZZ
[09:53] {jfjf64} yup
[09:54] {Threei} ACOR Hearing renewed takeover chatter circulating (26.21, 0.68, 2.66%)
[09:55] {dino} sm l ctrp .45
[09:55] {Threei} (US) Fed's Evans: There is a risk US unemployment could get close to 10% - Q (related EUR/USD )
[09:56] {magoo} RIMM intersting vad..double bottom
[09:56] {_levelseven} is like these Fed guys decide wether to buy calls ot puts, then make a statement about economy
[09:56] {magoo} an inverted snow camel formation
[09:56] {dino} cnqr sm l .75
[09:56] {_levelseven} sppi
[09:57] {_levelseven} sqnm nhod
[09:58] {_levelseven} out 1/2 sqnm 5.14 +.15
[09:58] {Threei} JAZZ Earlier this morning, CNBC's Mike Huckman comments on his blog that JAZZ Pharma press release this morning was on data that was presented last week
[09:59] {dino} qcom sm l .85
[09:59] {jfjf64} early bird gets worm??? lol
[09:59] {jfjf64} 3.40 3.50
[10:00] {Threei} SPPI really trying
[10:00] {_levelseven} sppi pace picking up
[10:03] {vinod} VAD- all your initial setup on JAZZ SPPI were good i didn't got any
[10:03] {Threei} both were very tough
[10:04] {Threei} QEP Co. Inc Reports Q1 $0.64 v 0.35 y/y, R$50.7M v 54.9M y/y
[10:04] {Threei} - gross margins 30.6% v 30.6% year ago
[10:04] {Threei} - significant economic uncertainties remain in each of the markets in which it operates. Accordingly, it remains extremely difficult for the Company to project how the global economic environment will perform and the extent to which, or whether, the recently experienced improvements in the Company''s results of operations will continue.
[10:04] {Threei} QEPC
[10:05] {_levelseven} would just like to scalp the spread
[10:05] {Threei} (US) White House Econ Advisor Goolsby: Reiterates proposal that all derivative dealers by subject to regulation -CNBC Interview
[10:06] {Threei} ALTU Hearing takeover chatter circulating (0.59, 0.04, 7.09%)
[10:07] {jfjf64} jazz double top challengen highs
[10:10] {Threei} US Supreme Court to review case involving gas station lease dispute
[10:10] {Threei} must be important lease
[10:12] {jfjf64} jazz ouch
[10:12] {_levelseven} sqnm hod
[10:13] {Threei} JAZZ will never stop
[10:13] {Threei} it will go and go, foirever
[10:14] {jfjf64} my week wd of been done
[10:14] {dino} ctrp styopped -.45
[10:16] {jfjf64} tza vad tripple tp
[10:16] {_levelseven} sqnm pushing again
[10:16] {Threei} if you are up to gambling play
[10:17] {Threei} JAZZ, .50 break
[10:17] {Threei} if holding above .35
[10:17] {Threei} scary one
[10:17] {_levelseven} out remaining sqnm 5.21 +.22
[10:19] {dino} gj
[10:20] {Threei} UAUA CFO: Current environment may be right to make further plane orders
[10:20] {Threei} half out JAZZ
[10:21] {vinod} I am In JAZZ what is stop in 0.50
[10:21] {Threei} under .35 originally
[10:21] {Threei} hit 1:1, so half out and stop to .45
[10:22] {vinod} thanks
[10:22] {vinod} out .63
[10:22] {Threei} offer 1/4 more .75
[10:22] {Threei} and last 1/4 .90
[10:23] {_levelseven} sppi trying again
[10:23] {Threei} yeah, looks like anohter runner if takes .25
[10:23] {vinod} see you after 13.30
[10:23] {Threei} take care vinod
[10:24] {_levelseven} sqnm is providing good scalps if u can stay on top of it
[10:25] {dino} rmbs rocking
[10:26] {_levelseven} 3i, sppi took the .25
[10:26] {Threei} stop under .15
[10:27] {_levelseven} didnt look like it had the legs (vol) earlier but you nailed it
[10:30] {Threei} HIG S&P revises outlook to stable from negative
[10:31] {Threei} hmmm
[10:32] {Threei} Long Setup: HIG .37 if holding above .30
[10:32] {Threei} interesting feeling today
[10:32] {Threei} market drops and drops, but there is a distinctive bullish feeling in the air, lol
[10:33] {Threei} maybe because I am focused on a few stocks that show strength
[10:33] {nemo} bullish or BS
[10:33] {Threei} and they do that against the market
[10:33] {magoo} plus your natural inclination to be positive and optimistic vad:)
[10:33] {Threei} rofl
[10:34] {nemo} altruistic lover of humanity
[10:34] {Threei} look how HIG is holding
[10:35] {Threei} impression is, these stocks just wait for the market to stabilize
[10:35] {_levelseven} sqnm nose dive
[10:35] {Threei} OPEC Sec Gen: Does not want oil prices to rise too rapid;y; seeks stable prices
[10:36] {nemo} unfortunately, he can't manage the $
[10:36] {Threei} VPHM Hearing vague chatter company as resolved issues with FDA over Cinryze (6.02, 0.06, 1.01%)
[10:39] {dino} calm
[10:39] {nemo} pork producer
[10:40] {jfjf64} hig strong
[10:41] {_levelseven} mkt not helping us
[10:42] {jfjf64} or is it hmmm
[10:42] {Threei} SVA Completes Construction of H1N1 Virus Seed Bank
[10:42] {Threei} - completed construction of the H1N1 virus seed bank necessary to produce a virus antigen
[10:43] {Threei} (US) Senator Stabenow: 1 yr stimulus too short, would like to see 10 yr stimulus window
[10:43] {Threei} why stop there
[10:43] {Threei} let's go for 100 years stimulus
[10:43] {Threei} and stimulate all this stuff out of existence
[10:43] {nemo} w ffffn stimulus? all they did was replace spending cuts
[10:47] {Threei} RMBS non-stop
[10:47] {Threei} SVNT Hearing upgraded from Hold rating at a boutique firm [wall st access] (timing uncertain) (9.31, 0.05, 0.54%)
[10:47] {nemo} HIG breaking through
[10:48] {dino} sm l pnra .09
[10:52] {dino} wynn sm l .30 stop .99
[10:54] {Threei} half out who went for HIG
[10:54] {jfjf64} ty
[10:55] {nemo} didn't it invalidate?
[10:55] {nemo} or stop
[10:57] {Threei} I provide coments for those who went for it and stayed with it
[10:57] {nemo} Ahhh
[10:57] {Threei} it barely touched on .37 before invalidating,
[10:57] {Threei} then returned to high
[10:58] {Threei} became kind of discretionary one
[10:58] {nemo} yes
[10:58] {Threei} and when there is a discretion, there usually is someone who takes the trade
[10:59] {Threei} not even speaking of aggressive ones who wait for pullback
[10:59] {nemo} Magoo
[10:59] {Threei} so who am I to discmintate and leave those without support
[10:59] {nemo} Mags, you take it?
[11:01] {magoo} actually, no
[11:01] {nemo} Monday
[11:01] {magoo} watching RIMM , not in ..flat here
[11:02] {dino} wynn stopped -.32
[11:02] {magoo} nasty mkt
[11:03] {nemo} unless you're playing shorts
[11:03] {nemo} I stand on my head when looking at the screen, it's like going long
[11:03] {magoo} true dat lol
[11:04] {magoo} i always want to..but tend to not
[11:05] {Threei} Long Setup: FITB .70 if stays bove .65
[11:07] {Threei} US) Economist Robert Schiller: Housing downturn is not over yet
[11:07] {Threei} US Economist Roubini: US unemployment will reach 11% 'for sure'; stress tests not stressful enough
[11:07] {Threei} ok... too many talking heads at once
[11:08] {Threei} and each trying to out-pessimize others
[11:08] {Threei} looking for market turn
[11:09] {Threei} FITB, I'd modify it
[11:09] {nemo} indexes look lik bottoming
[11:09] {Threei} .65 break long if stays above .60
[11:09] {Threei} either that, or conslidate for another leg down nemo... hard to tell
[11:10] {nemo} understand :)
[11:11] {magoo} RIMM has held
[11:13] {magoo} any read rimm vad?
[11:13] {Threei} .20 break worth a try
[11:16] {Threei} 1:1
[11:24] {Threei} FITB invalidated second time
[11:24] {Threei} not is day
[11:24] {Threei} its
[11:27] {Threei} CNBC's Liesman: Part of new regulatory overhaul will require security originators to hold 5% of securitized assets sales
[11:28] {Threei} new overhal will eliminate 'gain on sale' accounting
[11:28] {Threei} hmmm?
[11:28] {Threei} why would they want to eliminate that?
[11:28] {nemo} they'll still hold part of the asset, how will they know how much they made?
[11:29] {Threei} what is it, another m2m disaster in the making?
[11:29] {nemo} If there margin on the sale was 5%, the amount they're required to hold, and the asset goes to 0 they make nothing
[11:29] {nemo} absolutely
[11:29] {Threei} FDA reportedly notes there may be an association between ADHD drugs and deaths - unconfirmed reports (related LLY NVS TEVA PFE )
[11:31] {nemo} Abby Joseph Cohen sees a surge in corporate profits...has that woman ever been right about anything?
[11:36] {ese} no....ese is watching.........just very tired from a performance last weekend.....don't feeli like i'm all here and so should not be making trades
[11:36] {Threei} oh great
[11:37] {Threei} that's why FITB is so wek today
[11:37] {Threei} ese is not supporting it
[11:37] {magoo} just once she like 1998
[11:37] {nemo} so it's ese's fault
[11:37] {Threei} yes
[11:37] {nemo} musicians
[11:37] {Threei} they are the worst
[11:38] {Threei} next chance I get, I'll pour 2 bottles of vodka in him and make him promise he buys 1 mil of shares of FITB daily
[11:52] {Threei} Short Setup: RMBS .20
[11:52] {Threei} if stays below .30
[11:53] {Threei} just a scalp, feel free to cover
[11:54] {Threei} hit 1:1 in one sharp bar
[11:57] {nemo} rmbs maybe setting up agin
[12:04] {Threei} FITB finally reversed
[12:05] {Threei} oh well
[12:05] {jfjf64} no ese no fitb
[12:06] {Threei} yeah
[12:06] {Threei} ok, looking at WFC,
[12:06] {Threei} it's eaither .80 break short
[12:06] {Threei} or .90 break long
[12:06] {Threei} whichever comes first
[12:07] {jfjf64} ya drinkin
[12:08] {jfjf64} lol
[12:08] {Threei} what makes you think so? (gulp)
[12:09] {jfjf64} ese laid up know ya drinkin what up
[12:10] {jfjf64} need dino to drive boat
[12:12] {dino} :)
[12:16] {Threei} Prez on TV
[12:16] {dino} when isn't he
[12:17] {Threei} lol
[12:18] {ese} hey my high school
[12:18] {Threei} President Obama: Does not support any caps on damages from healthcare lawsuits, calls fear of lawsuits a "real issue" for doctors - speaking before the AMA
[12:19] {ese} thythm and blues band had a show
[12:19] {ese} in Vancouver on the weekend and it was a late
[12:19] {ese} show saturday night that i haven't fully recovered from yet
[12:19] {ese} drinkin would have been earsy to recover from
[12:22] {dino} you're getting old es, lol
[12:23] {ese} definately
[12:24] {ese} but with my new cobras'.....can still put a 3 iron 210.......and tee it up to 270
[12:25] {ese} hangin in there
[12:25] {dino} 3 iron 270 from tee, nice
[12:25] {nemo} rmbs recovered
[12:26] {chinggis} Vad JAZZ pullback playable?
[12:27] {Threei} can't tell here... I would do this about JAZZ:
[12:27] {Threei} lave it alone for now,
[12:27] {Threei} return to watch it closer to end of day
[12:27] {Threei} or if it returns to the high
[12:27] {Threei} I have feeling it may not be done yet,
[12:27] {Threei} but at this point it's in digesting state of mind
[12:28] {Threei} chewing up both, longs and shorts
[12:28] {Threei} and waiting to see who has more resolve
[12:28] {Threei} don't want to get chewed up here :)
[12:28] {chinggis} ok TY
[12:30] {ese} driver from the tee 270
[12:32] {jfjf64} goin to us open sat ese bethpage
[12:33] {Threei} WFC hit 1:1 quickly
[12:33] {Threei} anyone?
[12:33] {jfjf64} yup
[12:33] {Threei} :)
[12:33] {jfjf64} ty
[12:33] {jfjf64} gulp
[12:33] {Threei} lol
[12:35] {jfjf64} im countin 5/5 today keep drinkin
[12:38] {Threei} wow
[12:38] {Threei} wtg
[12:39] {dino} gj
[12:41] {jfjf64} hpq .02 trigger here
[12:41] {ese} hey jf........will be watchin it on the going
[12:42] {jfjf64} yup 20 min from where i live
[12:42] {ese} NICE!!!!!!!!
[12:42] {ese} i wish
[12:45] {ese} would love to see a major some time.......closest i've been is the 94 British open that Nick Price won.....I played the course "Turnberry" the next weekend. All but 2 of the pins were the pins they had for the open
[12:46] {ese} shot 84.......very exhillarating
[12:47] {jfjf64} 84 nice
[12:47] {ese} ok....are you ready for this......this will be hard to believe????
[12:47] {ese} i was on????????
[12:48] {ese} my hooneymoon!!!!!!!
[12:48] {jfjf64} wow
[12:48] {jfjf64} ya better stay with her
[12:49] {jfjf64} lol
[12:49] {ese} indeed...beautifull wife sat in luxury reading and being catered to for 5 hours
[12:50] {jfjf64} im a ticket broker also so i get to go to all that stuff
[12:50] {ese} again..........NICE!!!!!!!!!
[12:52] {ese} yup.....i can remember the Turnberry club house like it was yesterday.......Locker rooms were all decked out in green marble.......made my house look like something out of "Slumdog Millionaire"
[12:53] {jfjf64} different world maybe one day
[12:54] {ese} for sure.....hope to get back there though.......maybe you dino and I........Scotish golf tour ehhhh?
[12:54] {jfjf64} gettin alot of rain here hopefully by weekend clears out
[12:55] {jfjf64} sure take vad with us
[12:55] {Threei} me no golfer
[12:55] {ese} indeed...... he can do the crab fishing for dinner!
[12:55] {jfjf64} luv crabs
[12:58] {ese} Ok....i'm starting to come to life mentally here.......just in time to go administer one of my math exams.....
[13:14] {Threei} Moodys cuts Ohio GO rating to Aa2 from Aa1
[13:14] {Threei} can we short Ohio?
[13:26] {Threei} WSJ: Fed economist claims US close to full capacity, has doubts on economy's slack
[13:26] {nemo} huh?
[13:26] {Threei} don' get it either
[13:29] {Threei} S&P raises Ecuador rating to CCC+ from SD
[13:29] {Threei} ok, so the game is clear now
[13:29] {Threei} short Ohio, long Ecuador
[13:30] {magoo} symbols??
[13:30] {Threei} OH and EC
[13:30] {Threei} oops, there is EC
[13:30] {Threei} lol
[13:31] {Threei} EECK then
[13:31] {vinod} my guess down over 300 point
[13:32] {dino} pnra stopped .19, +.10
[13:32] {dino} 919 gap filled
[13:32] {Threei} Fed's Fisher: Deflation is just as bad as inflation - tv interview
[13:33] {Threei} heh
[13:33] {Threei} wisdom from high above
[13:33] {Threei} 'too much slack' exists in US economy
[13:33] {Threei} hmmm
[13:34] {Threei} WSJ: Fed economist has doubts on economy's slack
[13:34] {Threei} what the heck are these guys talking about?
[13:35] {Threei} - Comments that does not expect the Fed to tighten rates in the near future
[13:37] {ese} outta here all see ya tomorrow........make sure you study.....because i'm giving you my gr10 math exam
[13:37] {jfjf64} later ese
[13:38] {Threei} take care ese
[13:38] {ese} later
[13:38] {ese} see ya vad
[13:42] {_levelseven} sppi still hangin around
[13:43] {Threei} yeah, same idea as JAZZ
[13:43] {Threei} subject of interest later on
[13:43] {Threei} lwt it digest for now
[13:44] {_levelseven} if the mkt would rally a bit...
[13:45] {Threei} that seems to be a tall order today, lol
[13:45] {Threei} although.. look how there is no volume on this red day
[13:45] {nemo} tndm on 5 minute chart
[13:48] {magoo} setting up for dino's infamous call "turnaround tuesday"
[13:49] {Threei} with this volume on retreat, I wouldn't be suprised
[13:49] {Threei} and I would expect a snaback to be quite violent
[13:50] {Threei} what is better way to kill shorts than to encourage them by such red bar,
[13:50] {Threei} then open with gap up and never look back
[13:51] {nemo} Wonder what time the PPT shows up today
[13:52] {vinod} they going to show up on short side today
[13:52] {Threei} if they want the trap to be perfect, they won't
[13:52] {Threei} they'll let bears have their day
[13:52] {Threei} lure them in overnight holds,
[13:53] {Threei} trap them by gap up
[13:53] {Threei} and push as hard as possible to force them cover and add fuel
[13:53] {magoo} i feel bad for the cute lil bears
[13:53] {Threei} if I were PPT head, that's how I would murdered them
[13:54] {vinod} I thought short are already dead.
[13:54] {wulff} "They," I assume are people with more money then I?
[13:56] {dino} turnaround tuesday?
[13:57] {Threei} STSI Reportedly jury is set to hear closing arguments in case against Reynolds today (4.46, -0.02, -0.45%) (related RAI )
[13:57] {Threei} THEY wulff... you know...
[13:57] {Threei} powers that be
[13:58] {wulff} the borg
[13:58] {Threei} the who?
[13:58] {nemo} star trek
[14:00] {Threei} look at this sneaky move by SPPI
[14:01] {magoo} [13:49] {magoo} setting up for dino's infamous call "turnaround tuesday"
[14:05] {Threei} SPPI seems to becoming a runner candidate
[14:06] {Threei} I'd like to see one more little retreat before breaking the high
[14:06] {Threei} and I wouldn't be surprized to see 7 today
[14:06] {jfjf64} i lk when ya see the future
[14:07] {Threei} unless it's hallucination
[14:10] {Threei} high is abouit the get tested
[14:16] {Threei} OK, here is our retreat
[14:16] {Threei} want it to be not too deep
[14:16] {Threei} then return to above .30 and break
[14:17] {Threei} ideally, we never lose .10- .15
[14:17] {jfjf64} ya lost me what is trigger pls
[14:18] {Threei} .33 - .35
[14:18] {jfjf64} k
[14:19] {dptl} have a good evening all
[14:19] {Threei} take care dp
[14:19] {jfjf64} what was that
[14:19] {Threei} out of bounds print
[14:20] {Threei} real low is .10
[14:24] {dino} qcom l .00, last try
[14:27] {jfjf64} de l.02
[14:31] {jfjf64} no good
[14:34] {_levelseven} hw hi did sppi get in that move a little while ago?
[14:35] {Threei} .32
[14:35] {Threei} with a few prints out of bounds
[14:36] {vinod} market is down on small to no volume today
[14:36] {Threei} yup
[14:37] {_levelseven} sqnm fell outta bed
[14:37] {vinod} better luck tomorrow have a good evening see you tomorrow
[14:38] {Threei} take care vinod
[14:43] {Threei} with this pullback, want to look for entry better than day high
[14:44] {Threei} could take a few tries but better risk than wait for another run at highs
[14:44] {Threei} 6.10 break if holding above 6
[14:45] {chinggis} which stock Vad?
[14:46] {Threei} SPPI
[14:46] {chinggis} TY
[14:51] {jfjf64} someone lk to tell sppi the market still open
[14:51] {nemo} sqnm VAD
[14:55] {Threei} starts looking like turning point for it
[14:55] {Threei} if pulls back closer to .70, worth a try
[14:56] {Threei} with stop under .65
[14:58] {jfjf64} jazz got the look
[14:59] {jfjf64} nice vol
[14:59] {Threei} first strength from here, SQNM
[15:05] {wulff} again the market never ceases to impress me
[15:05] {wulff} with its wierdness
[15:05] {jfjf64} jazz settin up again
[15:05] {Threei} that's what it does best wulff
[15:06] {jfjf64} goin to test highs
[15:06] {wulff} it being a representation of the collective
[15:06] {wulff} and we being the collective
[15:07] {nemo} Oh great, the Borg again
[15:07] {wulff} we are hence weird...
[15:07] {Threei} thus we are weird
[15:07] {wulff} and unstable
[15:07] {Threei} I disagree
[15:08] {Threei} I am very stable in my weirdness
[15:08] {dino} one of seven
[15:08] {dino} bprg that is
[15:08] {dino} borg
[15:08] {nemo} wullf might have a're consistent though
[15:10] {Threei} oh, and I am very weird in my stability
[15:10] {_levelseven} like watching grass grow
[15:11] {nemo} ?
[15:11] {Threei} it's those green shoots, l7
[15:11] {nemo} like listening to Vad's jokes
[15:11] {nemo} :)
[15:11] {_levelseven} mkt maybe bouncing
[15:11] {Threei} you be careful nemo... people who venture too far against my jokes risk to be subjected to listenting to my poetry
[15:12] {nemo} After threee....the PPT
[15:12] {Threei} and trust me... you don't want that
[15:12] {_levelseven} sppi trying to tell us something
[15:12] {nemo} There was a man from Ukrain...who thought he had a very big brain
[15:13] {Threei} well well well... I think we are about to see the ultimate in torture: having been made to listen to my SINGNING
[15:13] {jfjf64} he watched his level 2
[15:13] {nemo} hehehehehehehehehe
[15:13] {dino} and kicked it w/his shoe
[15:14] {Threei} there were rare individuals of almosy inuman strength who survived my poetry
[15:14] {jfjf64} jazz alert
[15:14] {nemo} I read that while drinking over the keyboard...not good
[15:14] {Threei} but no one managed to live through my singing yet
[15:14] {nemo} There was a trader named Vader
[15:15] {jfjf64} in .48 jazz
[15:15] {dino} who had a gal and he did hate her
[15:16] {nemo} so he started to recite
[15:16] {Threei} wow... I may be not the worst at it
[15:16] {dino} i don't want to fight
[15:17] {nemo} ...said she in a terrible fright
[15:17] {_levelseven} zzzzzzzz
06[15:18] * nemo slaps _levelseven around a bit with a large alarm clock
[15:18] {Threei} half out SQNM
[15:18] {Threei} scalpers takwe profit
[15:20] {jfjf64} 1/1 jazz
[15:20] {Threei} nice jf
[15:21] {dino} qcom stopped flat sheesh
[15:21] {jfjf64} allout
[15:21] {jfjf64} ty
[15:24] {jfjf64} pull bk to .20 wd be good
[15:27] {Threei} Elliott Wave's Prechter: The US will likely loose its AAA rating by the end of 2010, sees S&P500 falling well below March 6th interday low by end of 2009 or early 2010
[15:28] {Threei} Elliott Wave?
[15:28] {_levelseven} any other uplifting news?
[15:28] {Threei} what the deuce is that outfit?
[15:28] {nemo} well, as long as we can make money on the short side
[15:28] {nemo} Geometry of stock movement
[15:28] {Threei} that I know... what business do they have predicting ratings of countries?
[15:28] {Threei} what does it have to do with technical analysis
[15:29] {Threei} especially with such woodoo brand of it
[15:29] {Threei} voodoo too
[15:29] {Threei} feel free to exit second half of SQNM as you see fit
[15:29] {Threei} nice and easy play
[15:29] {Threei} also, I will venture to suggest:
[15:30] {Threei} anyone who in this climate thinks he can forecats what is going to happen "by end of 2009 or early 2010" is delusional
[15:30] {wulff} yup
[15:30] {nemo} I know what's happening in 2012
[15:30] {_levelseven} stocks picking up
[15:30] {Threei} in reality it's a simple case of:
[15:31] {Threei} forecast must be long enough for people to forget,
[15:31] {Threei} then if it pans out, author will remind and copy/paste,
[15:31] {Threei} if not - no one will ever hear about it
[15:35] {nemo} PPT a few minutes early?
[15:36] {nemo} or just shorts covering like rats from a sinking ship?
[15:36] {Threei} {PPT} by whose standards? we are on our own schedule
[15:37] {nemo} I'm on martian time myself
[15:37] {wulff} remind me, PPT
[15:37] {nemo} Plunge Protection Team
[15:37] {jfjf64} bounce
[15:37] {wulff} Peters party tray
[15:37] {Threei} mythical creature from nemo's feverish fantasies
[15:38] {nemo} whoa
[15:38] {nemo} Must be true, I heard it on CNBC
[15:38] {jfjf64} jazz .64 trigger
[15:39] {Threei} nice
[15:40] {jfjf64} half out
[15:41] {Threei} my plan for SPPI:
[15:42] {Threei} stop is still under 6,
[15:42] {Threei} feering half above 6.20,
[15:42] {Threei} willing to cary it overnight if no resolution today or after hours
[15:42] {jfjf64} 1/4 out
[15:42] {_levelseven} been stuck in the mud
[15:42] {jfjf64} stop to .70 last
[15:43] {Threei} beautiful management jf
[15:43] {Threei} your trading is very very different from what it was just a couple short months ago
[15:43] {jfjf64} ty pirate ya
[15:46] {jfjf64} startin to sink in
[15:47] {Threei} not too complicated when you get right down to it, eh
[15:47] {Threei} not easy to execute, buit not complicated
[15:50] {_levelseven} sppi miserable range
[15:50] {jfjf64} keep it simple tk what it gives us but correct not easy to executive
[15:50] {dino} gj jf
[15:51] {jfjf64} thank all ya guys best show in town
[15:54] {Threei} wow
[15:54] {Threei} look at today's volume
[15:55] {Threei} what is it, less than half?
[15:55] {nemo} I've got about 60% DOW 75% NAS 55% S&P
[15:55] {Threei} ty
[15:56] {jfjf64} guess lot of people took long weekend
[15:56] {nemo} Summer
[15:58] {Threei} okay guys
[15:58] {Threei} not ourtstanding but profitable day
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {nemo} P&Q
[15:59] {jfjf64} n all
[16:00] {fernp} good evening all
[16:01] {magoo} ty all
[16:02] {dino} gn all

Friday, June 12, 2009

Jun 12 2009

Positive day but somewhat disconnected. Trades would appear with no "flow" so to speak. Or maybe it's just Friday.

Session Time: Fri Jun 12 00:00:00 2009

[08:21] {pita} gm everyone
[08:21] {Threei}  morning pita
[08:21] {nemo} hey pain!
[08:21] {pita} Captn!
[08:22] {Threei}  SVNT... sheesh
[08:26] {vinod} GM everyone
[08:26] {nemo} Vino :)
[08:27] {Threei}  vinod :)
[08:27] {nemo} cpst spit the bit
[08:28] {vinod} I brought at 1.23 1k
[08:28] {Threei}  went up nicely after the closer
[08:28] {nemo} yes, up to 1.42 I think
[08:29] {vinod} nemo-got email no raise in 2010, got nothing in 2009 but 5% pay cut
[08:29] {vinod} and economy is improving?
[08:29] {nemo} you're one of the lucky ones
[08:29] {nemo} of course not, just falling slower.  
[08:30] {nemo} It went over the cliff, and landed on a downward sloping lower cliff
[08:30] {nemo} We're sliding toward the edge again
[08:30] {vinod} don't trust pre-market
[08:30] {nemo} I used to swim at the Quincy Quarries before they drained them
[08:31] {nemo} From experience, if the economy starts falling from a great height and hit's water instead of ground, it still hurts...alot.
[08:31] {vinod} will be back by 9.30
[08:49] {nemo} consumer sentiment in a few minutes
[08:53] {Threei}  hmmm
[08:53] {Threei}  Friday, June 12, 2009 8:19:41 AM
[08:53] {Threei}  Savient Pharmaceuticals Inc. Hearing strength attributed to chatter surrounding FDA staff report released on Krystexxa FDA application ahead of FDA advisory panel meeting next week
[08:53] {Threei}  - follow up: FDA staff report states it believes Krystexxa is effective at the proposed dosing, but there are some concerns regarding safety profile of the gout drug. Safety issues include potential heart problems and allergic reactions.
[08:56] {magoo} morning
[08:56] {nemo} Magus :)
[08:56] {nemo} How much longer for the ankle?
[08:57] {Threei}  magoo :)
[08:58] {magoo} oh..ty for asking
[08:59] {magoo} ive been limping around no cast or crutches since last saturday
[09:02] {Threei}  what do I miss about SVNT... what's on wires doesn't look all that rosey
[09:02] {nemo} so the market is supposed to be logical?
[09:05] {cosmo} hmmm...logical ... makes cents to me....
[09:08] {fernp} good morning everybody
[09:08] {Threei}  fern :)
[09:08] {dino} gm all
[09:08] {Threei}  dino :)
[09:16] {ese} good morning
[09:17] {Threei}  ese :)
[09:18] {ese} "whats the buzz tell me whats a happenin".....repeat that line 4 times....JC superstar opera
[09:19] {ese} remember that?
[09:19] {cosmo} missing bees?
[09:20] {ese} indeed 
[09:20] {cosmo} :)
[09:22] {ese} just about slept throught the opening......we looking at anything in particular
[09:22] {nemo} svnt cpst 
[09:23] {Threei}  SVA
[09:23] {nemo} alti
[09:23] {Threei}  ALTI
[09:23] {nemo} whoa
[09:23] {Threei}  what?
[09:23] {Threei}  I don't watch WHOA
[09:23] {nemo} the pididdle
[09:24] {dino} rmbs
[09:25] {cosmo} acas
[09:26] {dptl} good morning all
[09:26] {Threei}  Thursday, June 11, 2009 10:50:43 PM
[09:26] {Threei}  Rambus Inc Confirms tentative settlement with European Commission
[09:26] {Threei}  - The company announced that it has reached a tentative settlement with the European Commission (the Commission) to resolve the pending case against the Company.
[09:26] {Threei}  - Under the proposed resolution, the Commission would make no finding of liability relative to JEDEC-related charges, and no fine would be assessed against Rambus. In addition, Rambus would commit to offer licenses with maximum royalty rates for certain memory types and memory controllers on a forward-going basis.
[09:26] {Threei}  dp :)
[09:26] {cosmo} ACAS: 3.70 pre mtk high fyi
[09:27] {Threei}  so, what's the reasoning to short SVNT by realmoney?
[09:27] {nemo} the guy said so
[09:29] {ese} i like the dividend angle cos......
[09:29] {ese} some stock yestereday just when shooting up on that kinda news
[09:30] {magoo} its a call to short open..then reenter long later
[09:30] {Threei}  scary guy
[09:31] {magoo} well..its working
[09:32] {dino} lol
[09:32] {Threei}  good luck doing that...
[09:33] {magoo} finnies ripped up against naz
[09:34] {nemo} might be on that "profit" earned by the citizens on their CITI investment
[09:34] {magoo} dive RIMM vad
[09:34] {dino} rmbs sm s .15
[09:35] {Threei}  wanna have a look at SVNT?
[09:35] {magoo} ya
[09:35] {Threei}  poor shorts
[09:36] {magoo} he said then buy it 
[09:36] {Threei}  sigh
[09:36] {Threei}  I'll provide same kind of calls from now on
[09:36] {Threei}  buy RIMM then short it
[09:36] {Threei}  there, 5 cents uptickj
[09:37] {Threei}  and 7 cents downtick now
[09:37] {Threei}  I was right
[09:37] {magoo} ty he he
[09:37] {Threei}  oh you are very welcome
[09:38] {magoo} FOCUS
[09:38] {magoo} look RIMM
[09:38] {dino} take a chill vad
[09:38] {Threei}  HIG Exec: TARP is still being evaluated, not yet decided
[09:38] {Threei}  - Reminder: HIG was among certain insurers deemed eligible to receive TARP
[09:39] {dino} crazy to take it
[09:39] {dino} or desparate
[09:39] {Threei}  serious dump HIG
[09:39] {Threei}  FITB on the other hand...
[09:40] {ese} yes am waiting for a pullback there vad
[09:41] {ese} bac and wfc up also
[09:41] {Threei}  SVNT will trade higher today
[09:41] {Threei}  it's a trap for shorts
[09:41] {Threei}  too bad it's so volatile, hard to control risk
[09:42] {Threei}  prepared alert twice for 8.90 break, and backed off
[09:43] {nemo} what was your stop on rmbs dino?
[09:43] {Threei}  ALTI is breaking
[09:43] {dino} .53 still in
[09:43] {nemo} nice
[09:44] {dino} time will tell
[09:44] {nemo} at the moment of course
[09:45] {Threei}  who took it overnight, keep stop at .97
[09:45] {dino} ;)
[09:45] {vinod} CPST moving
[09:46] {Threei}  CPST, offer half somewhere between 1.40 and 1.50, IMO
[09:46] {Threei}  stop under 1.10
[09:46] {cosmo} jaso
[09:48] {Threei}  who never took ALTI but liking it now - try to get it on pullback, as long as it doesn't lose .97
[09:49] {dino} payx sm s .51
[09:50] {dino} stop .83
[09:50] {dino} qcom sm l .50, stop .17
[09:51] {Threei}  half out ALTI
[09:52] {cosmo} jaso 5.80 test soon
[09:53] {ese} no clear direction markets
[09:53] {dino} gut says down
[09:54] {ese} michigan confidence out in a couple of minutes
[09:54] {ese} have same feeling dino
[09:54] {nemo} that should be interesting with gas and oil
[09:54] {dino} throw gut out then
[09:54] {ese} indeed
[09:55] {cosmo} jaso needs to hold 5.70 i think
[09:55] {nemo} 69...gotta' turn around
[09:55] {ese} dn it is
[09:56] {vinod} is it better than expected?
[09:56] {nemo} slightly worse
[09:57] {Threei}  HIG...
[09:57] {Threei}  not ready yet but watching
[09:57] {dino} rmbs stopped -.38
[09:58] {dino} payx bstop to .40
[10:00] {dino} qcom stopped -.33
[10:02] {ese} is acas a bank
[10:03] {dino} cov payx .20, +.31
[10:04] {Threei} Long Setup:  CPST  first strength if stays above .15
[10:07] {Threei}  GNBT Awarded Five New Patents for Its Proprietary Drug Delivery Systems
[10:07] {Threei}  - The patents provide additional protection for Generex''s proprietary compositions and me... (14.00, -0.07, -0.50%) more...
[10:08] {dino} acas, not bank, business iincubator type co.
[10:08] {Threei} Long Setup:  SVNT  on pullback from here, try to get 9.10 ara
[10:08] {Threei}  half lot
[10:09] {dino} intc gap fill from monday
[10:11] {ese} daaaaaa svnt....not coming back
[10:11] {nemo} observant
[10:12] {ese} tks.....pride myself in that
[10:13] {dino} last try, qcom .20 sm l stop .93
[10:14] {vinod} Boss any interest CRXX
[10:15] {Threei}  CombinatoRx Incorporated Presents Full Data on Synavive Phase 2 Knee OA Trial at EULAR 2009
[10:15] {Threei}  - Co announced the presentation of full data on Synavive (CRx-102) Phase 2 knee osteoarthritis (OA) trial (COMET-1) at EULAR 2009, the Annual European Congress of Rheumatology in Copenhagen on June 12, 2009.
[10:15] {Threei}  hmm
[10:16] {Threei}  hard to tell
[10:16] {ese} sqnm
[10:17] {Threei}  yeah, SQNM found new interest
[10:17] {Threei}  probably not CRXX
[10:17] {dino} cnqr
[10:18] {Threei}  here comes decent pullback SVNT
[10:18] {dino} too fast
[10:20] {Threei} Long Setup:  SQNM  .65
[10:20] {nemo} too fast
[10:20] {Threei}  stop under .55 for scalpers, under .50 for day traders
[10:22] {ese} rats....missed it
[10:22] {Threei}  1:1 for scalpers
[10:22] {ese} nice one vad
[10:23] {Threei}  SVNT
[10:23] {Threei}  first strength from here if stays abovwe 9
[10:24] {Threei}  half lot remember
[10:24] {Threei}  in
[10:25] {Threei}  SQNM 1:1 for daytraders
[10:28] {ese} L drys .02
[10:28] {Threei}  SVNT no worky
[10:29] {ese} need q's help for drys
[10:33] {jfjf64} mornin all
[10:33] {nemo} jf
[10:34] {Threei}  jf :)
[10:34] {Threei}  CPST, not good
[10:34] {Threei}  .15 was today's support
[10:39] {dino} qcom stop to .50
[10:41] {Threei} Long Setup:  HIG  .06
[10:41] {Threei}  if stays above 13
[10:42] {ese} market reversal....good good
[10:42] {dino} qcom to .55
[10:43] {Threei}  HIG half out
[10:43] {Threei}  pesky scalpers got what they want
[10:43] {dino} to .65
[10:43] {jfjf64} ty
[10:44] {dino} cnqr sm l .80
[10:45] {jfjf64} l axp .62 tgigger
[10:45] {dino} out qcom .75, +.55
[10:45] {Threei}  HIG 1/4 more out
[10:46] {jfjf64} axp invalid
[10:46] {jfjf64} hig ty
[10:47] {Threei}  welcome
[10:50] {nemo} stop to .15 on hig?
[10:50] {Threei}  hmmm
[10:50] {Threei}  I am tempted to keep it at b/e for the last piece
[10:51] {Threei}  and do next trail only if it makes new high
[10:51] {nemo} the Canadian Grasshopper is back
[10:51] {Threei}  which would be about .30
[10:51] {_grasshopper} Good morning all
[10:51] {Threei}  it has nice potential still,
[10:51] {Threei}  and we protected a whole lot of profit
[10:51] {Threei}  grasshopper :)
[10:51] {_grasshopper} How did you know I was CND?
[10:52] {ese} gas hooper.........
[10:52] {nemo} when you sign on:[10:50] * _grasshopper ( has joined #discussions
[10:52] {nemo} Rogers is Rogers Cantel=Canadian telecom
[10:52] {_grasshopper} smart Nemo
[10:52] {nemo} broken clock=right twice a day
[10:52] {_grasshopper} ain't that the truth
[10:53] {dino} sm l pnra .00
[10:53] {nemo} When I was in telecom, they were a customer for the billing system on which I worked
[10:53] {ese} you one of us canuks grasshopper?
[10:53] {_grasshopper} I am 
[10:53] {_grasshopper} and proud of it
[10:53] {nemo} maybe a locust
[10:54] {_grasshopper} NO
[10:54] {ese} where abouts....victoira for me
[10:54] {nemo} nothing wrong with locusts
[10:54] {_grasshopper} Ontario
[10:54] {nemo} that narrows it down
[10:54] {ese} ahhhhhhhhhh
[10:54] {_grasshopper} locusts are creepy so are praying mantises
[10:54] {nemo} I think they're cool.  Found a couple of huge mantises last year
[10:55] {ese} my relatives live in Kenora on Lake of the Woods
[10:55] {_grasshopper} I almost picked one up once as a kid thinking it was a stick and it spooked me
[10:55] {nemo} They do that to a lot of people
[11:00] {vinod} HIG again?
[11:00] {nemo} following the market
[11:02] {vinod} yes
06[11:03] * nemo slaps _grasshopper around a bit with a large ugly, vicous, praying mantis
[11:03] {Threei}  grasshopper look private message please
[11:06] {_grasshopper} where?
[11:07] {Threei}  see where channel names are,
[11:07] {nemo} you in mibbit or mirc?
[11:07] {_grasshopper} yes
[11:07] {Threei}  #floor and #discussions
[11:07] {Threei}  next to them youy should see one with my nick on it
[11:07] {Threei}  click on it and type there
[11:08] {_grasshopper} I'm on mibbit
[11:09] {Threei}  White House Advisor Summers: Regulatory reform will use common sense, Govt intervention should only be temporary within markets
[11:09] {nemo} like, one decade per century
[11:09] {Threei}  hmmm... building contructors in USSR had this saying: there is nothing more permanent that temporary constructions
[11:10] {nemo} yeah, cost + contracts
[11:12] {dino} ctrp
[11:12] {jfjf64} .72 trigger l ms
[11:12] {Threei}  1:2 SQNM
[11:12] {Threei}  me out
[11:13] {Threei}  last piece of HIG still doesn't know what it wants from lifwe
[11:13] {Threei}  life
[11:13] {nemo} wants from wife
[11:14] {nemo} Joke:  What does a dislexic agnostic do?
[11:14] {Threei}  maybe should have done 1/4 thing with SQNM rtoo
[11:14] {ese} hmmmmmmmm........what?
[11:17] {ese} have a feeling that sqnm is going to cover a good part of that gap from 14....big void
[11:20] {Threei}  HIG gave up saying "I don't want anything from life anymore"
[11:21] {jfjf64} common  markett bounce
[11:21] {nemo} stocks are talking to you now?
[11:21] {nemo} Oh, answer:  Wonders whether there is a Dog
[11:21] {ese} always have......thats why he's the cult leader
[11:22] {nemo} pass the
[11:22] {ese} all cult leaders have things that talk to them
[11:22] {nemo} and I thought it was the mushrooms
[11:22] {Threei}  SVNT Hearing Oppenheimer making cautious commnents (timing uncertain) (13.36, -0.10, -0.74%)
[11:32] {jfjf64} vad  question   im in  ms .72  with 10cent  stop    with way  its  tradin  my  opinion  is change  it  to 5cent stop at  this  point    wd  ya  agree
[11:33] {nemo} in @ .72 jf?
[11:33] {Threei}  both are valid jf
[11:33] {jfjf64} y  for  last 12 min
[11:34] {Threei}  matter of your objectives and risk tolerance
[11:34] {Threei}  SQNM
[11:34] {Threei}  this is getting serious
[11:34] {jfjf64} ty
[11:34] {Threei}  let's try long on pullback to 5
[11:34] {Threei}  5.10 break is an option too, just more risky
[11:35] {ese} serious is right
[11:35] {nemo} eat sqnm's dust
[11:37] {jfjf64} in .10
[11:40] {Threei}  ALTI new run at highs, stop for the balance to 1.02
06[11:40] * Threei kicks SQNM in the rear with heavy duty army boots
[11:40] {nemo} whoa...pulled out the boots
[11:41] {Threei}  just no shakeout please
[11:43] {dino} apol sm l .50
[11:43] {Threei}  ugh
[11:44] {Threei}  (US) House bill to grant FDA the power to regulate tobacco gains sufficient votes to pass (related RAI )
[11:49] {jfjf64} big shakout
[11:50] {ese} still long drys .02.....du du du du du.......dum dum dum dum dum......use them boots on everything vad
[11:50] {nemo} do do do da da da is all I want to say to you...
[11:52] {Threei}  market is in coma
[11:53] {nemo} PPT @ 3
[11:53] {dino} da da da uhuh uhuh
[11:55] {Threei}  wow
[11:55] {Threei}
[11:55] {Threei}  can it really move forward?
[11:57] {Threei}  Prez on TV in case you missed him
[11:57] {nemo} not in any useable form
[11:58] {nemo} Power doesn't give up power
[12:04] {pita} gotta go, good wknd all, cu Monday
[12:05] {Threei}  take care pita, have a good one
[12:06] {jfjf64} vad  ya  lk  break sqnm .95
[12:06] {nemo} breakouts during lunchtime?
[12:07] {jfjf64} thanks  nemo
[12:07] {nemo} just a caution with the market in a coma, you've got that resistance just below 5
[12:08] {dino} apol stopped -.27
06[12:09] * nemo slaps vinod around a bit with a large Legal Seafoods Broiled Salmon
[12:10] {dino} shld sm l .00
[12:10] {ese} stillllllllllll long drys goodness.....this is redefining slugish market
[12:11] {jfjf64} think we sd all go  to happy  hour
[12:11] {nemo} started with lunch
[12:12] {patience} not my type of trade is a good trade for me right now
[12:13] {ese} beginning to think that patience
[12:13] {patience} did one trade this week, lost $150.   first loss in months....oh well....have to live the odds
[12:13] {Threei}  what did wake up PALM?
[12:16] {Threei}  FITB is back to highs
[12:16] {ese} same with bac
[12:17] {ese} .69 was high for at .81
[12:17] {dino} same here last two days
[12:17] {ese} you were high the last 2 days dino?
[12:17] {nemo} ese!
[12:17] {nemo} musicians
[12:17] {ese} ahhhhhh  just askin
[12:18] {dino} lol, no market wierd last two days, trades not working as well
06[12:18] * nemo slaps ese around a bit with a large copy of Alla Fortuna
[12:18] {ese} needed that
[12:19] {nemo} first time I heard that was in that late 70's movie "Excalibur"  had to get it...
[12:19] {ese} i remember that........that was a good movie
[12:22] {nemo} jf, be interesting if SQNM holds new support here
[12:22] {jfjf64} im out too lunch
[12:23] {jfjf64} lol
[12:23] {nemo} so....what's new?
[12:23] {Threei}  PALM...
[12:28] {Threei}  unstoppable thing
[12:32] {nemo} sqnm setting up H&S?
[12:32] {Threei}  hmm?
[12:32] {Threei}  don't see anything like that
[12:32] {Threei}  FITB however...
[12:32] {ese} H&S ?
[12:33] {Threei}  oh sorry
[12:33] {Threei}  yes nemo, read mistakenly and C&H
[12:33] {Threei}  H&S it is
[12:33] {nemo} damn...was hoping I was still psychotic
[12:33] {Threei}  FITB forms very tight consolidation at the high
[12:34] {ese} palm is a bit of a wow.......thats pretty much the most it's moved in years
[12:34] {Threei}  sorry for ruining it for you nemo... now you'll have to live in reality, because of me :(
[12:34] {nemo} crosses to bear
[12:35] {Threei}  fairly reflects its position in industry ese... its former forte, pocket computers, pretty much died on them
[12:35] {Threei}  entry in new market got interest again
[12:35] {nemo} there goes fitb
[12:35] {Threei}  yeah
[12:35] {ese} whats the new market.....i don't think i know
[12:35] {Threei}  smart phones
[12:36] {nemo} mobile computing
[12:36] {ese} ahh......iphone type thing
[12:41] {Threei}  solid pullback PALM
[12:43] {ese} Ok all have to beg your heading to dp's neck of the woods tomorrow....the Vic High band has a show at the Sheraton Wall Center in Vancouver for the BCMA(British Columbia Medical Assoc)'s looking like the Premier of the province is going to be there
[12:43] {Threei}  have fun ese
[12:43] {Threei}  say hello to Premier
[12:43] {Threei}  and to dp
[12:43] {ese} tks vad......take care everyone have a great weekend
[12:43] {ese} will do
[12:44] {dino} pru sm l .00
[12:44] {dino} cya es
[12:45] {Threei}  .21 PALM for scalp if stays above .15
[12:47] {nemo} too fast
[12:47] {Threei}  come on
[12:47] {Threei}  1:1
[12:47] {nemo} broke through .21 fast, I'm terrible at the fast ones
[12:48] {Threei}  why broke?
[12:48] {Threei}  .21 itself was trigger
[12:48] {nemo} yeah, went fast
[13:01] {fernp} have a good weekend everybody. see u on monday
[13:01] {Threei}  take care fern, have a great one
[13:12] {dino} cbt
[13:15] {jfjf64} s cof .73 trigger
[13:16] {dino} cbt sm l .73
[13:16] {jfjf64} in
[13:18] {jfjf64} ouch
[13:18] {jfjf64} not wkin today
[13:18] {nemo} bounce from long drop
[13:19] {nemo} you were hot yesterday
[13:19] {jfjf64} correct  play s .89
[13:22] {jfjf64} thats awrap  for  me  my  friends    great  week  ty  see ya monday         thanks  vad
[13:23] {dino} cya jf
[13:23] {Threei}  good to hear jf
[13:23] {Threei}  congratulations, have a good weekends
[13:23] {Threei}  -s
[13:25] {jfjf64} takin  my  son  mets  yankee gm   suday   lookin  forward
[13:30] {dino} cool
[13:30] {nemo} BoSox B..slapped the Yanks this week :)
[13:31] {nemo} svnt looks like a flat ekg on the 5 minute
[13:31] {Threei}  lol
[13:49] {Threei}  came alive eh?
[13:50] {nemo} what? 
[13:50] {nemo} oh yeah
[13:53] {dino} ipcs drop
[13:55] {dino} shld stop to .30
[13:55] {dino} pnra to flat
[13:55] {nemo} what about pru?
[13:55] {dino} pru to flat
[13:55] {nemo} hehehe
[13:55] {dino} out shld +.30
[13:56] {vinod} a lazy Friday 
[13:56] {nemo} Summer Friday
[13:57] {vinod} I took3 hours off and it is same
[13:57] {dino} ipcs brutal
[13:57] {Threei}  was quite tempted by that SVNT consolidation but decided Fri afternoon is not a good time for this kinf od trade
[13:58] {Threei}  oh well
[13:59] {vinod} there is always next week and market is going no where from us
[14:00] {vinod} i consider a winner because i am not losing this week
[14:01] {dino} gj vin
[14:03] {vinod} you guys still holding CPST I added 2k today at 1.15 plus yesterday's 1k at 1.23
[14:03] {dino} stopped pnra .05, +.05
[14:04] {Threei}  not here vinod
[14:04] {vinod} o.k thanks
[14:04] {vinod} I will dump them now
[14:05] {dino} out pru .10, +.10
[14:05] {Threei}  watching PALM for possible C&H
[14:05] {Threei}  .50 being rim
[14:05] {dino} gambling thoughts on ipcs?
[14:06] {nemo} watch for volume spike
[14:06] {nemo} friday scalp day
[14:06] {nemo} Summer
[14:06] {nemo} oops...there I go, thinking again
[14:08] {Threei}  feels like one more shrp dive at least
[14:08] {nemo} no solid support until .65
[14:08] {Threei}  Treasury Dept official: announcements of managers for the $500B PPIP will be made "very shortly"
[14:09] {nemo} Plunge Protection Insurance Panel?
[14:09] {Threei}  handle start forming, PALM
[14:10] {nemo} ipcs looks liked it bounced off support a couple of minutes ago
[14:11] {dino} public/private invest partnership
[14:12] {dptl} have a good weekend all
[14:12] {Threei}  take care dp
[14:13] {dino} cya dp
[14:20] {Threei}  PALM 1:1
[14:24] {vinod} out .61 Palm
[14:24] {Threei}  lunch money
[14:25] {Threei}  in more ways than one, lol
[14:25] {vinod} yes ty-vad
[14:25] {Threei}  sure
[14:25] {Threei}  clean case of "beauty of scalping"
[14:26] {nemo} you pesky scalper
[14:26] {Threei}  grabbed something that showed setup, got out when it stopped moving in your favor
[14:26] {Threei}  foergot all about it
[14:26] {vinod} also out all CPST 1.23
[14:26] {Threei}  and became a few bucks richer in the process
[14:33] {vinod} nemo-your gut feeling about PPT today?
[14:34] {nemo} no interference today
[14:36] {Threei}  why?
[14:36] {nemo} IPCS is pulling a CNQR Dino
[14:36] {nemo} voices in my head
[14:37] {nemo} they're telling me to go clean my guns
[14:37] {dino} stuck, yes
[14:37] {dino} rbcn
[14:37] {dino} thin
[14:40] {dino} pru l .25
[14:45] {Threei}  (IA) Iranian Election results reportedly show 65% of vote goes to Mousavi - Mousavi aide
[14:45] {Threei}  - Mousavi is seen as more open to the West than the more hard-line Amedinajad (related USO OIH USD/KRW TLT SHY EUR/USD USD/CHF USD/JPY )
[14:46] {Threei}  this is probably what propped the market
[14:47] {nemo} see the story on HIG issueing stock?
[14:49] {Threei}  6:45 am
[14:49] {Threei}  Friday, June 12, 2009 6:45:13 AM
[14:49] {Threei}  The Hartford Financial Services Group Inc Plans to offer $750M in common shares (about 16.4% of market cap)
[14:49] {Threei}  - Co has commenced a discretionary equity issuance plan pursuant to which it will offer shares of its common stock from time to time for aggregate sales proceeds of up to $750M
[14:49] {Threei}  - In addition, the company announced today that it would participate in the U.S. Treasurys Capital Purchase Program (CPP), subject to completion of documentation with the U.S. Treasury.
[14:49] {Threei}  - The Hartford received notice of preliminary approval to participate in CPP on May 14, in the amount of approximately $3.4B.
[14:49] {Threei}  and 13 seconds...
[14:50] {nemo} 6:45 your time or my time
[14:50] {Threei}  ESTY
[14:50] {Threei}  EST
[14:50] {nemo} EDT
[14:50] {Threei}  all times I post are always NY
[14:50] {Threei}  in fact, my trading computer is set to NY time
[14:59] {Threei}  (IA) CNBC: Ahmadinejad also claiming victory in Iranian election (related USO OIH )
[14:59] {Threei}  lol
[15:01] {nemo} Vad look at TNDM and the volume numbers around that spike please
[15:02] {Threei}  14:42 spike you mean?
[15:02] {nemo} yessur
[15:02] {Threei}  okay
[15:02] {Threei}  what am I looking at?
[15:02] {nemo} I'm trying to understand that move
[15:03] {Threei}  break of resistance after long consolidation, spike...
[15:03] {Threei}  what to understand? :)
[15:03] {nemo} The volume numbers around that spike, barely moves on 14k volume minute before, goes up on 4k volume .20 cents
[15:03] {Threei}  aahhhhh
[15:03] {Threei}  I see what you mean,
[15:03] {nemo} not as dumb as I look
[15:04] {Threei}  volume spike preceeds price spike by bar or two, right?
[15:04] {nemo} 1 bar and the .20 cent jump on 1/4th the volume
[15:04] {Threei}  lord, give me power to refrain from "nah, still dumb"... I don't want to be rude but he just walked into that one
[15:04] {nemo} I'm using LASER
[15:04] {nemo} Not "as dumb"
[15:05] {Threei}  OK, this is good observation,
[15:05] {Threei}  and here is exp[lanation:
06[15:05] * nemo ducking
[15:05] {Threei}  there was huge resistance,
[15:05] {Threei}  a lot of shares offered
[15:05] {Threei}  and all that long consolidation was slow churning of those shares,
[15:05] {Threei}  digesting so top speak.
[15:05] {Threei}  What happened next was
[15:06] {Threei}  strong buying pressure concentrated in a single moment (bar on your 1 min chart) took out all those shares
[15:06] {Threei}  breaking resistance
[15:06] {Threei}  and as sell order got lifted
[15:06] {Threei}  stock moved up.
[15:07] {nemo} dam broke
[15:07] {Threei}  right
[15:07] {Threei}  There was no however as much buyng enthusiasm after the reak,
[15:07] {Threei}  just enough for short-lived spike
[15:07] {Threei}  so volume returned to normal,
[15:07] {Threei}  but absence of sellers allowed for easy price movement
[15:07] {nemo} can see the tails on the preceding candles all were at the same height, once that candle closed above those tails..boom
[15:07] {Threei}  so what you get in such cases is
[15:08] {Threei}  volume spike preceeding price movement
[15:08] {Threei}  which signifies taking out huige sale order
[15:08] {Threei}  then price spike as there is no additional selling pressure
[15:08] {nemo} which is a play you look for
[15:08] {Threei}  and both, price and volume p[retty much return to bormal pattern
[15:09] {Threei}  sure, that's the idea of all breakout plays
[15:09] {Threei}  look at that SVNT break
[15:09] {Threei}  look at that PALM break that we played
[15:10] {Threei}  you will see pretty much the same thing, with insignifcant variations
[15:11] {dino} esi sm l .00
[15:14] {magoo} vad...mkts rot or rip?
[15:14] {nemo} alright, maybe I am as dumb as I look
[15:15] {Threei}  neither mags
[15:15] {nemo} yeah, FLAT FRIDAY
[15:15] {Threei}  ummm... bow did you arrive to that concluision nemo?
[15:15] {nemo} I arrived earlier...voices in my head
[15:15] {nemo} remember
[15:15] {Threei}  ah
[15:17] {_grasshopper} you guys are funny 
[15:18] {_grasshopper} looking.........................................:)
[15:18] {_grasshopper} joking of course
[15:18] {nemo} mmmmmhhhhh....polite and with manners....definite newbie
[15:18] {dino} lol
[15:19] {_grasshopper} not for long
[15:19] {Threei}  grasshopper... anyone who thinks highly of our sense of humor should be very alarmed
[15:19] {nemo} seek help
[15:19] {dino} sorry about the voices nemo, i'll turn radio down
[15:19] {_grasshopper} I will go right now fellas
[15:20] {nemo} interesting, use of two male references...mmmhhhh
[15:20] {nemo} nice on esi dino
[15:21] {nemo} taargeting resistance just under .50?
[15:21] {nemo} one "a" sorry
[15:22] {dino} want it to go thru, but....will not let it slip away
[15:22] {nemo} yeah, last call
[15:27] {dino} .40 wall
[15:28] {nemo} discretion is the better part of valor
[15:28] {nemo} unless you're betting on the PPT
[15:31] {dino} out esi .40, +.40
[15:31] {dino} discipline trumps conviction i prefer
[15:32] {Threei}  {PPT} I am myth
[15:33] {dino} not in the bond markets for sure
[15:33] {Threei}  that's political domain
[15:34] {nemo} caught that spike Dino
[15:34] {dino} yes was laying out
[15:35] {nemo} trading gods were watching over you on that one
[15:36] {dino} certain stocks i lay out on as personalities dictate
[15:44] {dino} cbt stopped .75, +.02
[15:44] {nemo} gonna' give me any hints grasshopper?
[15:45] {vinod} have a nice weekend to all
[15:45] {nemo} by Vinod
[15:45] {nemo} bye
[15:46] {Threei}  take care vinod
[15:47] {_grasshopper} nope 
[15:47] {_grasshopper} keep you in suspense Nemo 
[15:47] {_grasshopper} :)
[15:48] {Threei}  you are killing him grasshopper
[15:48] {Threei}  I applaud
[15:48] {_grasshopper} thanks Vad
[15:49] {Threei}  trying to decide, dump the balance ALTI or carry over weekend
[15:50] {_grasshopper} but wars can start on weekend can't they???
[15:50] {_grasshopper} isn't that why traders don't?
[15:50] {Threei}  easy
[15:50] {_grasshopper} a friend of mine who is a broker told me that one
[15:50] {Threei}  yeah, I guess one overnight was enough for ALTI
[15:50] {Threei}  worked nicely
[15:54] {Threei}  mags... looks like I was correct
[15:56] {dino} out cnqr .-01
[15:57] {Threei}  okay guys
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a great weekend
[15:57] {Threei}  see you on Monday
[15:57] {nemo} hehehehehe
[15:57] {dino} cya
[15:59] {dino} out pru .16 -.09
[16:02] {dino} thx all, good times
[16:02] {nemo} Ahmadinejad lost
[16:02] {nemo} little better day today Dino

Thursday, June 11, 2009

Jun 11 2009

Somewhat strange day. No real drive in the market but many small stocks moved nicely, mostly in alternative energy names (CPST, EMKR, ALTI etc). Those who trade little ones with big shares made out like bandits. The rest didn't have much to muinch on today.

Session Time: Thu Jun 11 00:00:00 2009

[08:10] {Threei}  Good morning
[08:11] {Threei}  out last portion ESLR 2.80
[08:18] {vinod} good morning to all
[08:18] {Threei}  vinod :)
[08:21] {Threei}  HGSI Reports Positive Long-Term Data for BENLYSTA (Formerly LymphoStat-B in Patients With Active Systemic Lupus Erythematosus
[08:28] {pita} greetings all
[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 601K V 615KE; CONTINUING CLAIMS: 6.816M V 6.780ME
[08:30] {Threei}  pita :)
[08:38] {Threei}  (US) White House Advisor Volcker: Prospects for a strong recovery are unlikely although there will be some growth in late 2009
[08:38] {Threei}  - Does not expect any inflation pressure for "some time to come."
[08:38] {Threei}  - There are no practical alternatives to the USD as a global reserve currency, none to come today or "for many tomorrows."
[08:38] {Threei}  - It is unwarranted to allow firms that have deposti insurance to conduct proprietary trading.
[08:38] {Threei}  - There is no need to supervise hedge & private equity funds as closely as banks.
[08:41] {fernp} good morning everybody
[08:45] {Threei}  fern :)
[08:47] {Threei}  CPST Update: Proivdes update on C30 liquid fueled microturbine
[08:48] {Threei}  Announced the successful intergation of fuel cell into UK Ford S-Max Mini Van
[08:50] {magoo} morning
[08:50] {Threei}  magoo :)
[08:50] {nemo} morning
[08:50] {Threei}  nemo :)
[08:51] {vinod} nemo:)
[08:51] {nemo} Vino :)
[08:52] {magoo} news REGN vad?
[08:53] {Threei}  REGN Phase II study of Aflibercept (VEGF Trap) in collaboration with Sanofi Aventis shows statistical significance in advanced ovarian cancer
[08:53] {Threei}  REGN Converts Interleukin-1 antibody opt-in rights to royalty agreement
[08:59] {dino} gm all
[08:59] {nemo} harooo
[08:59] {Threei}  dino :)
[09:01] {dino} we got lucky on palm nemo
[09:01] {nemo} gotta' love it
[09:01] {dino} qcom
[09:03] {ese} GM
[09:03] {Threei}  ese :)
[09:05] {ese} nice move by eslr yesterday
[09:07] {Threei}  for late arrivals:
[09:07] {Threei}  [08:11] {Alert} Threei out last portion ESLR 2.80
[09:11] {ese} position from yesterday vad.....or pre market this morning
[09:11] {Threei}  from yesterday
[09:11] {Threei}  from 2.10
[09:11] {ese} nice one
[09:11] {Threei}  30% move in one day
[09:12] {ese} really nice one!!!
[09:20] {ese} still L intc at .35   ....maybe this is the day it breaks 16.74
06[09:22] * Threei slaps laserdave around a bit with a large book of Techniques of Tape Reading
[09:22] {Threei}  umm... not what I intended to slap him with
06[09:22] * Threei slaps laserdave around a bit with a large alarm clock
[09:22] {Threei}  there
[09:22] {dino} slap him silly
[09:23] {_levelseven} gm rt's
[09:23] {_levelseven} anyone know the high on ESLR this morning?
[09:24] {dino} david faber wearing a hairpiece?
[09:24] {Threei}  L7 :)
[09:24] {Threei}  it barely touched on 2.9
[09:24] {_levelseven} geez, thats what happens when you get up late
[09:24] {ese} 2.90 LS
[09:24] {Threei}  I was a little late too, exited 2.8
[09:25] {_levelseven} dumpin mine now
[09:25] {Threei}  good job
[09:25] {Threei}  SAY on radar again
[09:25] {Threei}  ESLT too of course
[09:25] {Threei}  ESLR
[09:26] {_levelseven} HGSI has some vol
[09:27] {Threei}  [08:21] {Alert} Threei HGSI Reports Positive Long-Term Data for BENLYSTA (Formerly LymphoStat-B in Patients With Active Systemic Lupus Erythematosus
[09:28] {_levelseven} im always 2steps behind 3i
[09:28] {ese} chdx
[09:29] {ese} what do they do?
[09:29] {ese} up 2 and a bit dino
[09:29] {Threei}  Chindex China Healthcare Finance
[09:29] {_traderw} goodmorning!
[09:29] {Threei}  CHDX Reports Q4 $0.24 v $0.10e, R$60.0M v $50.5Me (2 est) (10.79, 0.00, 0.00%)
[09:29] {Threei}  traderw :)
[09:31] {dino} palm stop is .49
[09:31] {jfjf64} mornin all
[09:31] {dino} out +.39
[09:31] {Threei} Long Setup:  SAY  .25 break
[09:32] {Threei}  if stays above .15 for scalpers
[09:32] {Threei}  5.10 support for a day trade
[09:32] {dino} qcom raises guidance and drops
[09:33] {jfjf64} hpq  break 37
[09:33] {magoo} JAZZ movin
[09:33] {magoo} in SAY
[09:34] {Threei}  over 1:1 for scalpers
[09:34] {jfjf64} in say
[09:34] {dino} qcom sm l .25 jumpy
[09:34] {wulff} .in .27
[09:34] {Threei}  1:1 for a daytrade
[09:34] {Threei}  half out .42
[09:35] {jfjf64} ty
[09:35] {_levelseven} missed SAY
[09:35] {Threei}  stop to under .20 for the balance
[09:35] {_levelseven} nice call
[09:35] {Threei}  wow... it had enough time for entry after triggering
[09:35] {jfjf64} sale hpq 
[09:35] {Threei}  what are you trading with, Fidelity or what
[09:35] {wulff} half at .45
[09:36] {dino} qcom stop to .65
[09:36] {dino} out qcom +.40
[09:37] {_levelseven} in JAZZ on pb
[09:38] {magoo} out SAY ty bass
[09:38] {Threei}  CAEI interesting
[09:38] {Threei}  see if gives pullback into .80-.85 zone
[09:39] {Threei}  SAY stop to under .30 for balance
[09:40] {Threei}  no pullback CAEI
[09:40] {_levelseven} out JAZZ +.17
[09:41] {ese} is that china architecture
[09:41] {Threei}  yes
[09:42] {_levelseven} in Jazz .88
[09:43] {Threei}  will look to reenter SAY on deeper pullback
[09:43] {jfjf64} ??
[09:43] {Threei} Long Setup:  HGSI  3.40 break
[09:43] {Threei}  stop under .30
[09:43] {Threei}  jf?
[09:43] {magoo} in
[09:44] {Threei}  what so many question marks?
[09:44] {jfjf64} in
[09:44] {Threei}  what's with
[09:44] {jfjf64} entry say  pullback
[09:44] {ese} i missedd it
[09:44] {Threei}  what about it?
[09:45] {jfjf64} when sd we enter
[09:45] {jfjf64} sorry all questions
[09:45] {Threei}  I don't know
[09:45] {Threei}  it has to form something new
[09:45] {jfjf64} ty
[09:46] {Threei}  HGSI is interesing thing,
[09:46] {Threei}  if it works we will have a dilemma:
[09:46] {Threei}  3.50 is 1:1 for this entry,
[09:46] {Threei}  and it's a very significant resistance on daily
[09:47] {dino} titn sm l .00
[09:47] {Threei}  if broken, can really catapult this thing
[09:48] {Threei}  wow CPST
[09:49] {nemo} tck catapulted again
[09:49] {Threei}  a few min ago
[09:49] {Threei}  HGSI Hearing Thomas Weisel making positive comments in the name
[09:49] {Threei}  - Analysts state that positive Phase III data to support higher price target
[09:50] {Threei} Long Setup:  TIVO  .25 break if stays above .15
[09:50] {nemo} too fast
[09:50] {_levelseven} out Jazz 4.05 +.17
[09:50] {Threei}  nice scalping
[09:50] {_levelseven} :D
[09:51] {Threei}  no worky HGSI
[09:52] {dino} bwld sm l .40
[09:53] {dino} sm l fdo .35
[09:53] {jfjf64} will re enter hpq .52
[09:53] {Threei}  TIVO 1:1
[09:54] {jfjf64} ty tivo
[09:54] {Threei}  grrr
[09:54] {Threei}  too many of them are moving, missed ESLR re-entry
[09:56] {Threei}  WHO reportedly raises pandemic flu alert to Phase 6; cites recent developments in H1N1 (Swine Flu) - unconfirmed report
[09:56] {Threei}  - Reminder: On 6/2, the WHO notes pandemic alert for H1N1 is "moving closer to Phase 6," the highest level of the scale
[09:56] {Threei}  - Phase 6 is characterized by community level outbreaks in at least one other country in a different WHO region in addition to the criteria defined in Phase 5. Designation of this phase will indicate that a global pandemic is under way.
[09:56] {Threei}  that's what spiked NVAX
[09:58] {jfjf64} ya lk caei  break .05
[09:58] {Threei}  why not
[09:58] {jfjf64} good enough
[09:58] {_levelseven} NVAX nose dive
[09:59] {Threei}  NVAX never holds gains
[09:59] {jfjf64} lk tivo
[09:59] {Threei}  TIVO 1:2
[09:59] {Threei}  out in full
[10:04] {Threei}  SAY sharp pullback
[10:05] {magoo} JAZZ vad..down
[10:05] {dino} bwld stopped
[10:07] {Threei} Long Setup:  ESLR  .86 if stays above .80
[10:08] {Threei} Long Setup:  SAY  .10 break if stays above 5
[10:08] {magoo} in SAY
[10:08] {magoo} in ESLR
[10:09] {magoo} "say it ain't so"
[10:10] {jfjf64} rather SAY it is so   lol
[10:10] {ese} l fitb .75
[10:12] {jfjf64} fire sale  say    lets  go
[10:13] {ese} out fitb .80 +.05
[10:15] {jfjf64} low vol   consiladation   what does that mean boss   say
[10:17] {Threei}  don't overthink it...
[10:17] {Threei}  it qworks or it doesn't
[10:18] {_levelseven} who is stockdish??
[10:19] {ese} ??
[10:20] {jfjf64} stockcups cousin
[10:21] {Threei}  no worky SAY
[10:21] {jfjf64} nobody  has  sense humor today
[10:21] {Threei}  I am disappointed... what are all those 50,000employees thinking
[10:21] {Threei}  jf... today??
[10:22] {ese} today?
[10:22] {ese} vad beat me o that
[10:22] {ese} just kidding !!
[10:23] {jfjf64} lol
[10:24] {magoo} outeslr flat
[10:24] {magoo} out say
[10:24] {Threei}  come on ESLR... couple cents to 1:1, you wanna quit on us??
[10:25] {Threei}  SAY is dumping as if something's happening
[10:27] {jfjf64} 500000 people lost job
[10:27] {Threei}  ok... lol
[10:28] {jfjf64} got ya to lol  
[10:28] {Threei}  no worky ESLR
[10:28] {Threei}  shrug
[10:29] {fernp} 9:40 Satyam chair: rev picture not great in near future 
[10:29] {fernp} "One has to understand that despite the way the media and probably the market reacted to this, the fact is the company is under severe stress," Satyam chairman Kiran Karnik told Reuters, referring to the reaction to the company's financial numbers. "It is hugely overstaffed, costs are very high and the revenue picture in the immediate future is not that great."
[10:29] {fernp} reuters
[10:30] {Threei}  ah, so need to just 1K workers, not 50K
[10:30] {fernp} lol
[10:30] {Threei}  GTXI Presents Phase II Ostarine (MK-2866) Cancer Cachexia Clinical Trial Results at Endocrine Society Annual Meeting (9.33, 0.35, 3.90%)
[10:31] {jfjf64} .95  looks  lk  good trigger  for   long     correct
[10:31] {magoo} SAY wantinayoe
[10:31] {jfjf64} close  yesterday  lot of traffic
[10:32] {magoo} u remember the name of the town?
[10:32] {nemo} tivo lifting out of range
[10:32] {magoo} say-want-tin-nayoe
[10:32] {nemo} fdo
[10:32] {nemo} sorry
[10:33] {Threei}  GTXI wakes up
[10:33] {Threei}  and falls back asleep
[10:36] {Threei}  not much enthusuasm in the market today... fizzled out fast
[10:37] {magoo} unfortunately..a change is taking place
[10:38] {nemo} eh....I'll leave that one alone
[10:38] {magoo} bounce tine WFC?
[10:38] {Threei}  I thought you hated it
[10:39] {magoo} i hate them ALL anymore :)
[10:39] {Threei}  doesn't feel right to me
[10:49] {Threei}  UAUA
[10:49] {Threei}  UAL Corp CEO urges govt to take action to dampen the speculative nature of current oil prices - annual meeting comments
[10:49] {Threei}  - Says the current economy and higher oil prices will force changes in the industry
[10:49] {Threei}  - Considering expanding economy classes to handle business class downgrades
[10:49] {dino} schw l .90
[10:51] {ese} Lfitb .78
[10:51] {magoo} ACAS vad
[10:51] {magoo} ballistic
[10:51] {Threei}  ACAS Declares $1.07 Dividend Per Share
[10:51] {Threei}  - Payable on August 7, 2009, to stockholders of record as of the close of business on June 22, 2009
[10:52] {ese} ballistic i'll say
[10:52] {vinod} I am back look like not a good misic today?
[10:52] {ese} look at that
[10:53] {ese} hmmmmm   gonna have to watch for more dividend offerings
[10:55] {ese} significant runup for a stock like that
[10:55] {vinod} testimony on TV--One crook asking other crook, why are you a crook?
[10:57] {jfjf64} s ms.47
[11:00] {jfjf64} out half
[11:01] {ese} and the answer is ????
[11:01] {jfjf64} out all
[11:02] {_levelseven} acas trying
[11:04] {jfjf64} s dis .28 trigger
[11:06] {_levelseven} need good pb to enter
[11:06] {dino} seh sm s .78
[11:10] {_levelseven} acas a player..too bad missed it
[11:12] {Threei}  wow SAY
[11:12] {Threei}  what a dump
[11:12] {jfjf64} crazy
[11:13] {jfjf64} say away
[11:14] {_stockdisk} Thanks threei ACAS ,made some quick $$ thanks for news
[11:14] {Threei}  wtg
[11:16] {jfjf64} break .60 ms  vad  ya  likey
[11:17] {Threei}  sure thing
[11:18] {jfjf64} 1/1
[11:18] {jfjf64} fas  helped  perfectly
[11:19] {dino} sm l pru .88
[11:21] {jfjf64} l .22 jpm   this  set  up been  wkin
[11:21] {ese} Ok outta here for an hour and a bit......have a class to teach
[11:21] {fernp} bye ese
[11:21] {Threei}  take care ese
[11:23] {jfjf64} vad look ms  break .75
[11:24] {jfjf64} 1/1 jpm
[11:27] {vinod} SQNM flying again
[11:28] {Threei}  somehow all the moves have this sluggish feel to them today
[11:29] {Threei}  no real drive
[11:29] {vinod} summer time is always like this
[11:30] {jfjf64} need this fas to get goin  in  ms at .77
[11:32] {Threei}  not necessary vinod
[11:32] {Threei}  last summer was very active
[11:32] {nemo} Yeah, last summer was an abomination though
[11:32] {Threei}  and this sloppy trading feels to me rather caused by other factors
[11:33] {Threei}  for instance, general lack of clarity about this whole rally vs economy
[11:33] {Threei}  "do we sell? do we buy more/"
[11:35] {_levelseven} all they need to do is ask me, ill guide them
[11:35] {nemo} whoa...fancy
[11:35] {dino} out schw flat
[11:36] {_levelseven} is my text coming up red or is that just for me to see?
[11:36] {nemo} it's red
[11:36] {Threei}  red, and don't do it please
[11:36] {jfjf64} red
[11:36] {_levelseven} ok
[11:37] {jfjf64} yeah    lol
06[11:37] * nemo slaps _levelseven around a bit with a large book of Vadettiquette
[11:37] {_levelseven} sorry
[11:37] {_levelseven} was trying to make it another color for me to see
[11:38] {jfjf64} stoped ms  grrr
[11:38] {nemo} Listen l7, there's an obnoxious member limit of 2.  I got both of them covered
[11:39] {_levelseven} sorry nemo, wasnt trying to be obnoxious..ill never post again
[11:39] {nemo} :(
[11:39] {Threei}  nemo has no problem with obnoxious in general
[11:40] {Threei}  he has a problem with "more obnoxious han he is"
[11:40] {nemo} my picture is under the definition in the dictionary
[11:40] {nemo} It's kinda' like Vad and his "Captain Obvious" mantle.
[11:40] {Threei}  yeah... we all have our sensitive spots
[11:41] {Threei}  I feel targeted when someone tries to upstage me in stating the obvious area
[11:42] {nemo} UNG moving
[11:43] {vinod} nemo likes Pick color?
[11:43] {vinod} pink
[11:43] {nemo} chartreuse
[11:44] {nemo} Magoo, Dino:  
[11:44] {nemo} "But I don't want to be Mr. Pink"
[11:50] {dino} ?
[11:50] {nemo} the movie
[11:50] {nemo} what movie
[11:51] {vinod} prety in pink
[11:51] {nemo} X
[11:51] {nemo} ok
[11:51] {vinod} Good sense of humor is a good medicine
[11:51] {nemo} Reservoir Dogs
[11:52] {nemo} You'll never think of the song "Stuck in the Middle with You" the same way again
[11:54] {Threei}  CPST...
[11:54] {Threei}  hard to tell... chart's promising, volume's good
[11:54] {nemo} nothing like a 50% gain
[11:54] {Threei}  still, no real feel of drive that leads to frenzy
[11:55] {jfjf64} vad  any  read  ms  with fas   movin   not  goin anywher  looks lk  want to  drop??
[11:55] {jfjf64} funny   other way    hmmm
[11:56] {nemo} indices jf
[11:56] {jfjf64} what i know
[11:56] {Threei}  not really jf, things are not very well connected right now
[11:58] {nemo} dino dcc
[12:01] {dino}  seh stopped -.13
[12:04] {dino} lol nemo
[12:04] {nemo} hehehe
[12:06] {dino} qcom l .00
[12:08] {dino} don't follow me today, i suck
[12:08] {nemo} mmmhhhh....think you took too much from that video clip
[12:09] {dino} lol
[12:09] {nemo} Mmmmhhh.....think of what his intials stand for
[12:10] {jfjf64} s ms.60 trigger
[12:11] {jfjf64} nope
[12:12] {dino} qcom stopped -.20
[12:17] {vinod} Traders always have opportunities, and in general don’t care about the underlying economy
[12:18] {Threei}  NVAX again
[12:19] {Threei}  WHO confirms that it has raised pandemic flu alert to Phase 6
[12:19] {Threei}  - WHO Chief does not recommend closing borders or any other restrictions on movement of goods, services or people.
[12:19] {Threei}  - Recommends that drug makers finish winter flu manufacturing and then move on to making H1N1 vaccines.
[12:19] {Threei}  - Notes that no prior pandemic has been detected as early as H1N1.
[12:19] {Threei}  - "The virus writes the rules," further spread of H1N1 is inevitable.
[12:19] {Threei}  - Does not expect any sudden increase in fatal cases.
[12:20] {Threei}  daily says long
[12:21] {Threei}  my skepticism about NVAX says, scalp it if you see clean entry
[12:22] {Threei}  from the chart, .25 should take it into .50 area
[12:22] {Threei}  I just can't bring myself to trust NVAX, lol
[12:23] {Threei}  BCRX same area
[12:27] {Threei}  anyone went for it, start partialling
[12:28] {Threei}  BCRX tries to wake up
[12:28] {_levelseven} +.12 on NVAX, thx 3i
[12:28] {Threei}  welcome sir
[12:29] {dino}  gj
[12:30] {fernp} gj l7
[12:31] {Threei}  look at this dump
[12:31] {Threei}  what self-respecting stock would behave like this
[12:31] {ese} like a bad dream....i'm back
[12:31] {nemo} more like herpes
[12:31] {_levelseven} your exit call was perfect
[12:32] {ese} nice nemo nice one
[12:32] {Threei}  ty... I have my moments
[12:32] {Threei}  speaking of dreams, bad and other kind:
[12:32] {Threei}  Venezuelan Oil Minister: expect crude oil to be around $70-$75 at the end of 2009
[12:32] {nemo} has he looked today?
[12:33] {ese} still long fitb .78
[12:33] {Threei}  where is it today nemo?
[12:33] {ese} vit....mucho grondo shs
[12:33] {nemo} almost 73
[12:35] {dino} pnra l .60
[12:37] {Threei}  PLUG... another little long forgotten POS
[12:44] {Threei}  FITB starts working
[12:48] {ese} out fitb .96 +.18  with 9K
[12:48] {Threei}  wtg
[12:48] {ese} tks vade
[12:48] {ese} vad
[12:50] {fernp} gj ese
[12:50] {ese} tks
[12:51] {ese} can now go to work with a swagger in my step.......
[12:51] {Threei}  lol
[12:51] {ese} which of course will be partly vodka induced
[12:51] {Threei}  partly?
[12:51] {Threei}  come on
[12:52] {Threei}  give full credit where credit is due
[12:52] {ese} oh alright....totally
[12:54] {ese} one question for you though vad....i'm actually surprised that this stock ran up during the lunch hour......thats kinda odd isn't it
[12:55] {Threei}  yes... but FITB lately does behave a bit differently
[12:55] {ese} would that be an indicator of more strenght for the day
[12:56] {ese} when it does this during lunch.....someone dying to get in etc etc
[12:57] {Threei}  compare FITB's daily to FAS's one
[12:57] {ese} ok
[12:58] {ese} hmmmmmm  it's kind of ahead of fas...but same basically
[13:00] {ese} now opposite
[13:02] {Threei}  - indirect bidders take 49% of competitive bids
[13:02] {Threei}  - bonds draw 4.720% with % alloted at the hi
[13:03] {Threei}  nice spike finnies
[13:03] {Threei}  7.90 deserved an entry, FITB...
[13:04] {Threei}  these auction news always take me too long to comprehend
[13:04] {ese} yes......was looking at something else ....missed it
[13:04] {jfjf64} thinkin 8  just got  back   looks  lk i missed  dance
[13:06] {ese} yup was a nice little waltz
[13:07] {ese} if it consolidates with some higher lows.....i'll consider 8 as well
[13:07] {Threei}  Prez on TV if anyone missed him
[13:07] {jfjf64} nice nice
[13:08] {jfjf64} hopefully i  get a  chance with  her  
[13:08] {dino} pnra stopped -.13
[13:09] {Threei}  {nemo} I'll leave that one alone
[13:13] {Threei}  White House Spokesperson: President Obama continues to support Fed Chariman Bernanke (related EUR/USD )
[13:13] {jfjf64} surprized?
[13:14] {nemo} tbt took a pounding on the auction results
[13:14] {Threei}  mostly by the fact that the topic even surfaced
[13:14] {nemo} slow newsday
[13:15] {jfjf64} s jpm .46 trigger
[13:16] {jfjf64} nope
[13:24] {_levelseven} stocks seem to be picking up
[13:26] {Threei}  not finding candidates here
[13:29] {_levelseven} cpst testing new hi
[13:32] {ese} stupid windows ........cuts me off for udates...&^%&%$#
[13:32] {Threei}  take if off auto
[13:32] {ese} how do you do that
[13:33] {Threei}  contol panel - security center - updates
[13:33] {ese} tks
[13:35] {ese} done!!!
[13:35] {_levelseven} 最大3セント、下3セント
[13:36] {nemo} he's at it again
[13:36] {ese} what does that mean....long something....short something
[13:36] {ese} speak up man!
[13:37] {_levelseven} sorry, thought this was my japanese forum
[13:37] {ese} ha ha ha....good one
[13:37] {_levelseven} :D
06[13:37] * nemo {---depressed
[13:40] {dino} pru stopped -.20
[13:46] {_levelseven} cpst one heavy stock
[13:49] {dino} apol sm l .01
[13:49] {ese} gotta go all see ya tomorrow
[13:50] {Threei}  take care ese
[13:50] {fernp} bye ese
[14:08] {Threei}  wow... boredom kingdom
[14:09] {nemo} see pru dino
[14:09] {dino} yeah
[14:09] {dino} qcom too
[14:14] {magoo} .
[14:14] {nemo} ?
[14:15] {Threei}  NVAX CEO: Expecting to sign new licensing deals in Q3; targets initiation of H1N1 human trials in 2009 (3.30, 0.30, 10.00%)
[14:15] {Threei}  what's with F?
[14:17] {dino} intc l .50
[14:17] {dino} f'ng pru stops me and then runs a buck
[14:20] {Threei}  C Reportedly planning debt issuance with no FDIC backing
[14:31] {Threei}  (KS) US Envoy: Notes the US is committed to resolving its differences with North Korea via diplomacy, affirms US will take "necessary steps" if North Korea definance continues (related USD/KRW GLD )
[14:33] {dino} apol stopped -.28
[14:33] {nemo} take a break dude
[14:35] {dino} yeah i should
[14:36] {dino} some days you eat the bear, some days the bear eats you
[14:36] {nemo} 3 days out of the last 36?
[14:37] {dino} y
[14:37] {nemo} beer in the frig?
[14:37] {dino} yes, but i have to coach tonight
[14:38] {nemo} 1 or 2 shouldn't be a problem...
[14:41] {dino} intc stopped -.11
[14:42] {_levelseven} cpst liftoff
[14:42] {dino} amag
[14:42] {Threei}  ummm
[14:43] {Threei}  2 cents liftoff - I sure hope folks launching spaceships know better how to do it :)
[14:43] {Threei}  but yeah, it looks inytresting
[14:44] {nemo} nutbuster
[14:44] {Threei}  1.15 break finally did it
[14:46] {Threei}  scalpers of type I paradise
[14:46] {_levelseven} makes u suffer too long for it tho
[14:46] {Threei}  these thick ones are always like this
[14:47] {_levelseven} i prefer the buys at 10, then sell at 10:01
[14:48] {Threei}  one more thing to watch fopr possible, umm, liftoff
[14:48] {Threei}  ALTI
[14:49] {Threei}  (US) Senate achieves sufficient votes for passage of legislation granting the FDA the power to regulate tobacco
[14:49] {Threei}  - Voting is ongoing at this time. (related RAI MO L CG UVV BTI VGR PM LO STSI )
[14:49] {Threei}  F Reportedly has no plans to issue additional equity - unconfirmed report (5.99, -0.20, -3.23%)
[14:51] {_levelseven} regulate = tax more
[15:01] {Threei}  you holding any CPST, l7?
[15:02] {Threei}  feels like scrawl is not over
[15:03] {Threei}  can't in good conscience call it a run
[15:03] {magoo} weird power
[15:03] {Threei}  told ya hours ago, felt very sluggish
[15:03] {nemo} 100 point day on DOW and no power
[15:04] {magoo} i haven't read u in hours he he
[15:04] {Threei}  mags... you got something heavy handy?
[15:04] {magoo} huh?
06[15:05] * nemo crawls into cave...closes door...pulls blanket over head
[15:05] {Threei}  just making sure I can do this safely:
06[15:05] * Threei slaps magoo around a bit with a large very heavy book of Best Threei's Quotes for the Last %5 Hours
[15:06] {nemo} has no pages
[15:06] {Threei}  CPST is likely to pop over .30
[15:06] {Threei}  after that, who knows
06[15:06] * Threei slaps nemo around a bit with a large another copy of that same book... count pages NOW
[15:07] {nemo} I'm in my cave
[15:07] {Threei}  not much help... that book breaks any doors
[15:07] {magoo} BAC breaking out
[15:08] {Threei}  BAC is stronger that FAS today
[15:08] {Threei}  too bad FITB lost momo
[15:08] {Threei}  CPST is ready for the next leg
[15:09] {_stockdisk} Threei what is momo
[15:09] {Threei}  momentum
[15:09] {Threei}  sorry for the slang
[15:09] {Threei}  I am just too lazy to type full words
[15:09] {Threei}  here comes the bride... err CPST
[15:10] {nemo} I m  ust o zy o ype ull rds
[15:10] {Threei}  sigh
[15:10] {nemo} cpst braches .30
[15:10] {Threei}  abuse I take...
[15:10] {_levelseven} i dumped it on the first break of .15
[15:10] {Threei}  wow... you are stingy
[15:11] {_levelseven} im greedy pos
[15:11] {Threei}  okay... greed is good
[15:11] {_levelseven} i like nickels & dimes
[15:11] {nemo} that's a copyright infringement
[15:11] {Threei}  I have no read on it after break of .30, need new consolidation
[15:12] {Threei}  that's what I told G.Gekko, nemo
[15:12] {_levelseven} im hopin it falls to .75 asap
[15:12] {Threei}  CPST? to .75?
[15:12] {nemo} might go back to a buck
[15:12] {_levelseven} makes my sale look good then
[15:13] {Threei}  that's right there with Chavez dream of oil at 150
[15:13] {_levelseven} his dream came true last year
[15:14] {Threei}  CPST won't give you such low today... but do keep an eye on ALTI
[15:14] {Threei}  on CPST, I'd say:
[15:14] {Threei}  if you get 1.10 zone today, grab it
[15:14] {Threei}  and be ready to hold overnight
[15:16] {Threei}  welcome to the jungle grasshopper
[15:16] {nemo} didn't the find "grasshopper" in a Bangkok hotel closet?
[15:17] {_grasshopper} :)
[15:17] {jfjf64} im back   anybody  miss me
[15:17] {Threei}  nemo... guess why I find your rudeness troubling
[15:17] {Threei}  no jf
[15:18] {nemo} tell me
[15:18] {Threei}  hint:
[15:18] {jfjf64} comon
[15:18] {Threei}  not because rudeness troubles me... not in the least
[15:18] {nemo} guess I should have stayed in the cave
[15:18] {Threei}  lol
[15:18] {Threei}  come on guess
[15:18] {nemo} having a brainfart at the moment
[15:19] {Threei}  oh boy... it's so simple
[15:19] {nemo} even a nemo could guess it!
[15:19] {Threei}  because you are more rude than I am, and I don't like competition
[15:19] {nemo} I figured
[15:19] {nemo} O.K.
[15:19] {Threei}  now... let's focus on jf
[15:20] {nemo} Grasshopper, welcome aboard, I hope you enjoy your stay on the good ship Vadym
[15:20] {nemo} JF
[15:20] {Threei}  wow... skies haven't seen nemo this polite in the last two millenia
[15:20] {nemo} o.k. yeah, like I miss alimony payments
[15:21] {nemo} So...tell us about yourself Grasshopper?
[15:22] {nemo} By your name, are you an entymologist by profession
[15:22] {Threei}  or maybe better not...
[15:22] {nemo} A practitioner of mystical eastern arts
[15:22] {jfjf64} you  guys  been drinkin
[15:22] {Threei}  who would want to tell anything about themselves to a guy who is either a lost fish or mad captain of a submarine
[15:22] {nemo} This is what happens when I stop JF
[15:23] {Threei}  rather bored out of our minds jf
[15:23] {Threei}  well... those of us who have those
[15:23] {Threei}  I am bored out of my skull
[15:23] {nemo} yeah, my thoughts exactly up .03 down .02 up .06 down .04
[15:23] {_levelseven} cpst रात आयोजित एक से अधिक हो सकता है
[15:24] {nemo} come again L7
[15:24] {Threei}  janitor raises his eyebrows
[15:24] {nemo} L7 is that a cellblock designation?
[15:24] {_levelseven} sorry, thought i was posting on a hindu site
[15:24] {Threei}  no one posts in russian
[15:24] {Threei}  sniff sniff
[15:24] {jfjf64} you  guys  hv  fun   im  searchin  for that one        momma  needs a new  pair of  shoes   ill keep  ya  posted
[15:25] {nemo} Time to take away the belts pens and shoelaces
[15:25] {_levelseven} надеюсь, что это заставляет вас чувствовать себя как дома
[15:25] {Threei}  jf... tell momma it's a crisis, better fix old ones
[15:25] {Threei}  wow L7
[15:25] {nemo} Yo K, bitte etwas auf Deutsch schreiben
[15:26] {Threei}  guys I hate buying breaks on finnies
[15:26] {Threei}  but BAC starts looking like worthy one
[15:26] {jfjf64} im  watchin   wow
[15:26] {Threei}  .20 break long
[15:26] {jfjf64} yeah
[15:26] {Threei}  discretionary trade
[15:26] {_grasshopper} Hi Nemo we actually met @ CTAB
[15:27] {Threei}  grasshopper... now the most elegant thing to do would be to leave him to guess for a few days :)
[15:28] {nemo} whoa...California
[15:28] {jfjf64} push  this  fas vad
[15:28] {nemo} Geez, and I was relatively well behaved there.  
[15:28] {_grasshopper} Ok I will
[15:28] {_grasshopper} :)
[15:29] {Threei}  ty, I will enjoy his torture :)
[15:29] {nemo} What's so elegant about it
[15:29] {Threei}  there
[15:29] {Threei}  I am glad BAC didn't break, to say honestly
[15:29] {jfjf64} hmm
[15:29] {nemo} Vad, what's your birthday, I need to burn a couple of diagrams :)
[15:30] {Threei}  I don't feel easy about buying this kind of breaks
[15:30] {Threei}  lol
[15:30] {nemo} I know you hate indicators, but the stochastics had been dropping on it since 3:00
[15:30] {jfjf64} s afl.98
[15:30] {Threei}  Update: NY: Fed: Dealers submit $0B in 28 day, $25B TSLF auction; $0B accepted; bid to cover ratio 0
[15:30] {Threei}  - Stop out rate 0.10%
[15:30] {Threei}  - Note: This is 6th consecutive schedule 1 collateral auction that received no bids
[15:30] {Threei}  wow
[15:30] {Threei}  that's what triggered selling
[15:31] {jfjf64} in
[15:32] {nemo} mojo
[15:37] {Threei}  CPST either will hold support 1.20 and finish closer to high, or break it and give chance for 1.10
[15:37] {nemo} interesting, that auction results also sold off PMs
[15:37] {Threei}  no way to tell which is more likely
[15:37] {Threei}  so if you are warm to the idea of taking it overnight,
[15:37] {Threei}  get hal;f near 1.20
[15:37] {Threei}  and wait for breakdown to get another half
[15:38] {Threei}  why not nemo
[15:38] {Threei}  that's what we see lately
[15:38] {vinod} is it a buy at 1.10 CPST ?
[15:38] {nemo} why not what
[15:38] {vinod} o.k i was not here
[15:38] {jfjf64} ty vinod
[15:38] {Threei}  only if you are willing to hold overnight vinod
[15:39] {vinod} I can't see all post 
[15:39] {nemo} Blue Horshoe likes CPST Vinod
[15:39] {vinod} thanks i will
[15:39] {jfjf64} bac  break .10 vad
[15:40] {Threei}  long?
[15:40] {Threei}  nah
[15:40] {jfjf64} ty
[15:40] {Threei}  there is no spring in market's step today
[15:41] {Threei}  see, even nemo doesn't hope for PPT to arrive
[15:41] {nemo} plus a 4-6 cent stop with a triple top at .18 not much reward for risk
[15:42] {nemo} Don't need PPT today, up 75 points
[15:42] {Threei}  ah
[15:42] {Threei}  jeez
[15:42] {Threei}  LLY Court documents show Lilly ghostwrote articles for marketing Zyprexa, placing doctors names on studies it authored
[15:42] {Threei}  any area of life is not corrupted?
[15:43] {_levelseven} daytrading
[15:43] {nemo} Depends on what your definition of corruption is
[15:43] {Threei}  come on someone, name me one, I need my faith in humanity back
[15:43] {_levelseven} prostitution
[15:43] {nemo} birth
[15:43] {nemo} related
[15:43] {nemo} L7 you need help
[15:43] {nemo} I know
[15:44] {nemo} Do you have the same problems typing with your elbows because of these reaaaaaallllly long sleeve shirts they make me wear
[15:45] {Threei}  one more alt energy name finishing at the high:
[15:45] {vinod} PPT can also play game otherway around?
[15:45] {Threei}  EMKR
[15:46] {_levelseven} i need something for overnight
[15:46] {Threei}  our morning ESLR exit looks pure genius
[15:47] {Threei}  L7... you are venturing in dangerous territory... with nemo around, that line serves for like 15 jokes
[15:47] {_levelseven} lol
[15:47] {_levelseven} cpst wont let it go
[15:48] {_levelseven} strong finisher could be overnighter
[15:48] {Threei}  both CPST and EMKR...
[15:48] {nemo} Only thought on CPST is it has a habit of pulling back on the news.  You had news today, and tomorrow is Friday
[15:49] {_levelseven} both hod
[15:50] {Threei}  ALTI looks tempting too
[15:51] {Threei}  decide for yourself guys,
[15:51] {jfjf64} s jpm .10 break
[15:51] {Threei}  overnights is not something i call officially wirth ease
[15:52] {Threei}  and lord knows I did quite a few recently
[15:52] {_levelseven} in both
[15:53] {Threei}  new high on close in both
[15:53] {nemo} You took two home with you the other night Vad...impressive
[15:53] {_levelseven} gotta go with hod + vol
[15:53] {Threei}  yeah nemo, and with wife being home too it took quite a trickery
[15:53] {nemo} I thought she runs the camera
[15:54] {Threei}  janitor is angry
[15:54] {_levelseven} prob shoulda have waited a few more mins
[15:54] {Threei}  he hates editing
[15:54] {Threei}  jusy keep sizes reasonable L7
[15:54] {_levelseven} let all u daytraders dump ur positions first
[15:54] {Threei}  overnight is overnight
[15:54] {Threei}  anything can happen
[15:55] {Threei}  one more thing:
[15:55] {Threei}  lately many of them continue moving after hours,
[15:55] {Threei}  if you have price you'd be happy with in mind, try and put it for sale after close
[15:55] {_levelseven} yea, ill be watching
[15:56] {jfjf64} half out jpm
[15:56] {Threei}  people come home, see news about CPSATY putting their turbine in Ford van
[15:56] {nemo} nice on JPM JF
[15:56] {Threei}  new highs, breakout, volume
[15:56] {Threei}  think :"we better get it today before it gaps and runs tomorrow"
[15:56] {Threei}  and there you are, merrily selling to them
[15:57] {_levelseven} thanks for cheering me up
[15:57] {Threei}  good job jf
[15:57] {jfjf64} all out
[15:57] {Threei}  nice short and good cover
[15:57] {Threei}  now I have to confess,... quite a few people missed you
[15:57] {Threei}  and dcced me asking "where is jjf, we miss him"
[15:57] {jfjf64} ty
[15:58] {_levelseven} now lets finish strong
[15:58] {Threei}  one phoned and cried
[15:58] {nemo} Oh geez, Vad, I don't have my boots on
[15:59] {vinod} what happeb nemo_brought market down?
[15:59] {_grasshopper} wading boots if this keeps up,  hipsters
[15:59] {dino} gotta hop, thx all, i'll do better tomorrow
[15:59] {nemo} I'm thinking a dive suit myself
[15:59] {nemo} nite Dino
[15:59] {Threei}  take care dino, there is always tomorrow
[16:00] {Threei}  nice close on both, L7
[16:00] {vinod} Nite to all
[16:00] {nemo} Vino :)
[16:00] {Threei}  let's hope momo continues
[16:00] {Threei}  okay guys
[16:00] {Threei}  thank you all
[16:01] {Threei}  have a good evening
[16:01] {fernp} good evening all. see u tomorrow
[16:01] {Threei}  see you tomorrow
[16:01] {dino} :)
[16:01] {Threei}  FNSR Reports Q4 $0.00 v -$0.01e, R$116.7M v $120.7Me (0.85, 0.07, 8.97%)
[16:02] {Threei}  whoa
[16:02] {Threei}  IMGN Elects to Discontinue Further Internal Development of Its IMGN242 Compound
[16:02] {Threei}  - elected to discontinue further internal development of its IMGN242 gastric cancer compound and to ... (8.25, 0.11, 1.35%) more...
[16:03] {_levelseven} =IMGN sellin
[16:04] {nemo} I like the stink bids

Wednesday, June 10, 2009

Jun 10 2009

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

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

[08:17] {vinod} GM to all
[08:18] {vinod} will be back at 9.30
[08:25] {Threei}  Good morning
[08:30] {Threei}  *(US) APR TRADE BALANCE: -$29.2B V -$29.0BE
[08:30] {pita} greetings
[08:31] {fernp} good morning everybody
[08:31] {Threei}  pita, fern :)
[08:32] {Threei}  anyone sees any news on ESLR?
[08:33] {ese} good morning
[08:33] {ese} was just looking at ESLR
[08:34] {Threei}  ese :)
[08:34] {ese} up .20   .....i still have a long position there 6k from a while back at 3.38
[08:34] {Threei}  you investor you
[08:35] {ese} i know.....just couldnt resist
[08:36] {ese} it has enough future work/contracts to put that stock somewhere between$30/40 bills
[08:36] {vinod} I have 3K eslr cost is 4.10
[08:37] {ese} hey V
[08:37] {ese} this one is a long term hold for sure
[08:38] {vinod} ESLR is closer to my home
[08:38] {ese} ahhhh  .....what do you know about V
[08:39] {ese} about them
[08:39] {nemo} transaction revenue, holds no consumer debt
[08:39] {vinod} lots of friend wotk there and working 7/24 very busy
[08:39] {vinod} but stock keepgoing down
[08:40] {ese} morning nemo
[08:41] {nemo} I thought you were asking about "V" ese.  ESLR has heavy debt burden
[08:41] {vinod} Nemo:):)
[08:41] {nemo} vino :)
[08:42] {ese} I think most solar companies do have heavy debt.......still an industry in it's infancy
[08:42] {vinod} they depend on goverment handout
[08:42] {nemo} don't disagree, but the ability to get credit becomes the bigger issue
[08:43] {ese} for sure
[08:44] {nemo} so you had the double whammy of credit and oil price collapse.  Oil is back, credit not yet
[08:44] {vinod} raising oil will drive solar stock
[08:44] {nemo} already has, look at oil in comparison to tsl and stp
[08:47] {vinod} for solar i prefer TAN instead of any perticular stock
[08:48] {ese} why is that V
[08:48] {vinod} it is ETN little less risk than individual stock
[08:49] {nemo} Mmmmmhhhh...Vinod talking about less risk...glad I'm sitting down
[08:49] {vinod} after taking pounding in ESLR
[08:50] {nemo} yeah
[08:50] {nemo} but eslr took a pounding when everything else took a pounding
[08:51] {vinod} they lost 45Mil in LEH bankrupcy
[08:51] {nemo} oh yeah...remember those
[08:52] {vinod} other wise stock was around 9-12
[08:52] {nemo} those were shares pledged for debt if I remember correctly
[08:52] {vinod} yes
[08:53] {ese} oh ya....forgot about that nemo.....LEH too them for a ride there
[08:53] {ese} took
[08:53] {vinod} they replaced that money with hifh interest rate and tough term
[08:54] {nemo} yeah, Lehman did even kiss them behind the ear
[08:54] {magoo} morning
[08:54] {vinod} and stock went to around a buck and i was cooked
[08:54] {nemo} neat timing Mags
[08:55] {Threei}  magoo :)
[08:55] {magoo} hey guyus
[08:55] {magoo} sigh
[08:56] {magoo} guys
[08:56] {_levelseven} good morning RT's
[08:56] {Threei}  l7 :)
06[08:56] * nemo slaps _levelseven around a bit with a large trout
[08:57] {_levelseven} ouch
[08:57] {nemo} it's just a fish l7...not like the 2x4 Mags uses on me
[09:00] {_levelseven} 鱼味道不如木材
[09:00] {nemo} nemo me impune lo quesit
[09:00] {_levelseven} this translation thing is cool
[09:01] {nemo} where?
[09:01] {_levelseven} wasnt my ealier post in chinese?
[09:01] {nemo} yeah...where did you find the translation thing?
[09:02] {_levelseven} right below the text box
[09:02] {_levelseven} 鱼味道不如木材
[09:02] {Threei}  that's mibbit thing nemo
[09:02] {Threei}  not mirc
[09:02] {nemo} ahhhh...I have mirc
[09:02] {_levelseven} shhhh, maybe everyone will think im smart knowing so many languages
[09:03] {nemo} You're here dude, no way
[09:03] {_levelseven} lol
[09:05] {vinod} nemo take a look at SAY in your spare time
[09:06] {nemo} the charts, or do fundamental research?
[09:06] {vinod} fubdamental-i know company good 
[09:06] {nemo} was that the guy who tried to finance his son's company
[09:07] {vinod} yes, now it is sold to good people 
[09:08] {nemo} closed above resistance from April 6 yesterday, had falling volume on the recent pullback
[09:08] {Threei}  nothing on ESLR still
[09:08] {Threei}  I like that actually
[09:09] {nemo} Gapped up yesterday, would want to see it maintain that gap
[09:09] {Threei}  if it starts climbing on now news, it could be sustainable move
[09:11] {nemo} strong this morning Vinod
[09:12] {vinod} yes, i expect 10 with in six month. i got in at 2.10
[09:13] {vinod} has 17000 us mployee
[09:13] {nemo} I remember when you played it right after the bad news.  You made a killing
[09:14] {vinod} they are working on cyber crime with us goverment
[09:14] {nemo} I'm kinda' ambivalent about that :)
[09:15] {ese} what stock are you referring to V?
[09:15] {vinod} SAY
[09:15] {Threei}  let's assume ESLR starts serious move and look how to play it
[09:15] {ese} ok
[09:15] {Threei}  early stage of reversal usually gives nasty pullbacks
[09:15] {nemo} you get that E?
[09:16] {Threei}  so let's try to get in on one of those
[09:16] {Threei}  sharp selling under 2.10, possibly closer to 2
[09:16] {ese} yes
[09:16] {vinod} under 2.10 for ESLR?
[09:17] {Threei}  worth a try
[09:17] {Threei}  as usual, if it drops here:
[09:17] {Threei}  watch for stall, stabilization, signs of strength
[09:18] {Threei}  If no pullback and it forms consolidation near the high, will re-evaluate
[09:18] {_traderw} goodmorning
[09:18] {nemo} V...SAY right @200 day
[09:19] {Threei}  traderw :)
[09:19] {jfjf64} mornin
[09:19] {Threei}  jf :)
[09:19] {Threei}  SQNM nice pullback
[09:20] {Threei}  let's let it settle down and watch for signs of strength resumption
[09:20] {jfjf64} like takin candy  from  baby   lol lol lol
[09:22] {vinod} vad-said yesterday SQNM at 4.50 a buy
[09:22] {jfjf64} 3.70
[09:23] {vinod} said near closed
[09:23] {dino} gm all
[09:24] {jfjf64} morni dino
[09:24] {Threei}  dino :)
[09:25] {dino} :)
[09:26] {dptl} good morning all
[09:26] {Threei}  dp :)
[09:26] {nemo} dino dp :)
[09:29] {Threei}  ESLT dive
[09:29] {Threei}  ESLR
[09:30] {Threei}  SQNM Hearing Caris commenting on stock activity, does not see reason for strength (53.40, 0.00, 0.00%)
[09:30] {nemo} hehehehe
[09:30] {Threei}  does not see reason for strength after speaking with the company
[09:32] {Threei} Long Setup:  ESLR  2.10 break
[09:32] {Threei}  stop for scalpers under 2.05
[09:32] {Threei}  for daytraders under 2
[09:32] {magoo} in
[09:33] {Threei}  and for swing trade if you are so inclined, under 1.80
[09:33] {nemo} in
[09:33] {Threei}  if you got SQNM near 4.50, just a bounce scalp
[09:34] {vinod} ineslr
[09:38] {jfjf64} lets get these .14 out of way
[09:38] {Threei}  hear that chomping sound?
[09:39] {nemo} I hear my teeth gnashing
[09:39] {Threei}  ESLR is not a fast one, too thick
[09:39] {jfjf64} chomp  chomp  chomp
[09:39] {Threei}  pesky scalpers got 1:1 on ESLR
[09:41] {nemo} ty
[09:41] {dino} efut drop
06[09:41] * Threei adds nemo to the list of pesky scalpers
[09:42] {jfjf64} showin  strength
[09:42] {Threei}  SQNM formed double bottom
[09:42] {nemo} well, I partialed at scalp
[09:42] {nemo} so what does that make me?
06[09:42] * Threei correct list - nemo is partially pesky and partially scalper now
[09:43] {magoo} aapl hammered vad
[09:43] {Threei}  bounce time AAPL
[09:43] {Threei}  .15 long
[09:43] {Threei}  stop under 140
[09:43] {magoo} in .12'
[09:44] {Threei}  wtg
[09:44] {Threei}  keep stop and let it trade
[09:44] {Threei}  over 1:1
[09:44] {Threei}  half out
[09:44] {Threei}  wow SAY
[09:44] {Threei}  good one vinod
[09:45] {vinod} i didn't buy it
[09:45] {nemo} he's "invested"
[09:45] {Threei}  aww... you brought it to our attention, I thought you had it
[09:45] {Threei}  AAPL, 1: a lot
[09:46] {Threei}  feel free to take profit as you see fit
[09:50] {Threei}  mags, tell me you are out??
[09:50] {magoo} yup
[09:50] {Threei}  whew
[09:50] {vinod} damm appl
[09:50] {Threei}  went up almost a buck
[09:51] {Threei}  still above entry
[09:51] {vinod} didn't stop out yet
[09:58] {dino} shld sm l .50
[09:59] {nemo} stop?
[09:59] {vinod} ESLR is stuck around 0.17
[09:59] {nemo} army boots vad
[09:59] {Threei}  ah be gentle
[10:00] {nemo} frickin' flower child
[10:00] {Threei}  thing stays near high while NQ sells down 15 points
[10:00] {Threei}  what else do you want
[10:01] {nemo} I want my unrealistic expectations fulfilled
[10:01] {vinod} i can look only one thing at a time
[10:01] {pita} I'm out, it'll take off now - ty 1:1
[10:01] {Threei}  Fed's Lacker: Labor market may weaken further; seeing evidence of consumer resilience; recession may end later this year
[10:01] {Threei}  - Remarks that fiscal stimulus may only have a 'marginal impact'; must not wait too long to move towards preventing inflation
[10:01] {Threei}  - Comments that seeing some signs housing market could bottom out in 2009
[10:02] {Threei}  duly noted pita
[10:02] {Threei}  I have your e-mail btw, will answer later in the day, sorry
[10:03] {pita} at your convenience, not urgent
[10:03] {dino} shld stopped -.41
[10:03] {vinod} out appl 0.53 see you after 13.30
[10:04] {dino} cya vin
[10:04] {Threei}  take care vinod
[10:05] {dino} s/p stopped right next to 950
[10:06] {pita} bounce point AAPL?
[10:06] {Threei}  too late for off.50...
[10:06] {ese} wish these fed guys would just shut up.....everytime they open there the market tanks
[10:07] {dino} psys
[10:15] {Threei}  PSYS Weakness attributed to report PSYS lost a contract with Nevada health agency
[10:16] {ese} L intc avg.35......some from yesterday more today
[10:18] {nemo} chin hit the keyboard yet Vad?
[10:18] {ese} dino....what do you think of sina,  -2.33
[10:19] {ese} price target cut to 23
[10:21] {dino} sina cut to sell, usually they drop 2 bucks
[10:22] {dino} profit falls 33%
[10:22] {ese} a day
[10:22] {dino} ads slump
[10:22] {ese} hmmm
[10:22] {dino} yes 2 bucks on a sell is typical
[10:22] {dino} we missed psys
[10:22] {ese} might try this ....1/2 lots swing short
[10:22] {ese} 1/2 lot
[10:22] {dino} wanted 17.30 when it was 17.45
[10:22] {nemo} psys didn't give much opportunity
[10:23] {ese} ya was lookin at it
[10:23] {dino} watching palm, fdo, wynn, psys, efut
[10:23] {dino} shld
[10:23] {dino} yeah, psys a pulp stock
[10:23] {nemo} define "pulp" please
[10:24] {ese} chews you up
[10:24] {nemo} oh
[10:24] {Threei}  "pulp can move baby"
[10:24] {Threei}  (G. Costanza)
[10:24] {ese} the wrong way
[10:25] {nemo} like that stuff the baby spits up on your shoulder
[10:25] {dino} seinfeld, george gets pulp in his eye, as 3i said above
[10:25] {dino} how about palm
[10:25] {ese} l fitb..30
[10:25] {nemo} Mary?
[10:26] {nemo} sqnm bottoming?
[10:26] {ese} sorry .32
[10:26] {Threei}  I'd try .65 break nemo
[10:26] {nemo} yeah, palm looks like it's strengthening
[10:27] {Threei}  if it's holding .55
[10:27] {ese} out fitb .41
[10:27] {ese} +.09
[10:27] {dino} sm l palm .10
[10:27] {Threei}  PALM strengthening?
[10:27] {Threei}  looks breakdownish to me, careful
[10:28] {nemo} nice on FITB E
[10:28] {Threei}  market strength may save it if NASDSSQ recovers for real
[10:28] {nemo} yeah, looks like everything is mirroring the market right now
[10:28] {Threei}  excpet FITB
[10:28] {nemo} of course
[10:28] {dino} bwld, pnra mcd holding
[10:29] {ese} ya i know....fitb surprised me there
[10:30] {ese} just barely caught that little run
[10:30] {fernp} SLM 8 break, Bad?
[10:30] {fernp} Vad
[10:30] {Threei}  *DOE CRUDE: -4.38M V -200KE; GASOLINE: -1.55M V +1.2ME; DISTILLATE: -318K V +1.1ME
[10:30] {_levelseven} efut nice bounce
[10:31] {Threei}  worth a try fern
[10:31] {Threei}  it's very narrow and slow today
[10:31] {fernp} ok
[10:31] {Threei}  but if market is done dropping (and looks like it), should provide a scalp
[10:31] {dino} ibkc
[10:31] {dino} thinny
[10:33] {dino} missed it l7, wanted 10
[10:33] {ese} L fitb .36 pullback
[10:34] {_levelseven} stocks feet stuck in mud this morning
[10:36] {dino} fdo l .65
[10:37] {Threei}  MS Co President: Have seen the bottom of the financial crisis; economy has 'stabilized' - TV interview
[10:37] {Threei}  - Remarks that many factors still must take place for a recovery
[10:39] {dino} easy to say w/lows 28% under
[10:39] {Threei}  no kidding
[10:40] {nemo} If $ keeps falling and oil keeps going up Xmas season should be really funny...but I'm getting ahead of myself
[10:40] {Threei}  45% Say Cancel Rest of Stimulus Spending
[10:40] {Threei}  yeah, fat chance
[10:41] {nemo} Yeah, that was mostly a restoration of spending Bush cancelled.  Got nuttin' to do w/stimulus in the 1st 2nd or last place
[10:41] {dino} sm l ibkc .00
[10:41] {dino} thin wide
[10:43] {dino} i'm w/the 45%
[10:43] {nemo} me 2
[10:49] {nemo} stop sqnm
[10:50] {Threei}  Canadian Financial Offical: USD to remains worlds primary currency for some time
[10:50] {Threei}  some time?
[10:50] {Threei}  lol
[10:50] {nemo} Yeah, a worldwide supply of toilet paper
[10:50] {pita} Sears catalog somewhat softer
[10:52] {pita} pretty slow mkts
[10:52] {nemo} ya' think
[10:52] {nemo} matches my wits perfectly
[10:52] {pita} Captain Obvious
06[10:53] * nemo gives vad a tissue
[10:53] {Threei}  I don't concede just yet
[10:53] {Threei}  today is Wed
[10:53] {Threei}  there, beat this
[10:53] {nemo} Ahhh.....the sun came up this morning
[10:53] {pita} 10:53 EST
[10:54] {nemo} I win
[10:54] {Threei}  yeah... you guys give me run for my money
[11:01] {dino} shld last try sm l .10
[11:07] {Threei}  there is just no spark in the market today
[11:07] {Threei}  yesterday there was life, excitment
[11:08] {Threei}  today is swamp
[11:11] {fernp} WU long .37
[11:11] {jfjf64} chk s.48
[11:11] {fernp} stop under .30
[11:12] {dino} wow 3i, yesterday i was bored all a.m., today lots of stuff i'm missing, you and i are oppositeno offense of course
[11:13] {nemo} you both had good days yesterday
[11:13] {dino} yes
[11:14] {Threei}  what do you mean no offense
[11:14] {nemo} today might be getting whacked by the oil numbers too
[11:14] {Threei}  if I don't take offense, I will have absolutely nothing to do at all
[11:14] {Threei}  this is my only chance to find what to do
[11:14] {dino} i mean, i'm not disrecting you
[11:14] {dino} disrespecting
[11:15] {dino} ohh, ok
[11:15] {Threei}  I understand... but if I pretend I don't, we can strat a fight and spend time productively and with fun
[11:15] {dino} them's fighting words
[11:15] {Threei}  there... see? fun is about to start :)
[11:16] {Threei}  for the beginning let's practice on magoo
[11:16] {pita} trouting anyone?
06[11:16] * Threei slaps magoo around a bit with a large practicing trout
06[11:16] * nemo slaps magoo around the ankle with a large trout
[11:17] {_levelseven} mkt not cooperating at all, I chose to blame my wife
[11:17] {dino} he's sidetracked w/real estate issues this morning
[11:17] {Threei}  all the better dino
[11:17] {Threei}  that's a valid choice too L7
[11:17] {dino} l7 is going to fit in fine
[11:18] {nemo} Welcome to the your janitor-Vad...doesn't like foul language or innuendo
[11:18] {dino} i prefer, welcome to the jungle
[11:18] {Threei}  who said I don't like them?
[11:18] {Threei}  I don't like additional work if I have to edit them out
[11:18] {nemo} we get going the janitor is always waking up looking at us
[11:19] {nemo} splitting short an curlies there
[11:20] {_levelseven} threei, does chaeron still come here?
[11:20] {vinod} its time for JAZZ
[11:20] {nemo} I saw that
[11:21] {Threei}  he is out for a bout a month
[11:21] {vinod} may be good to enter around 2?
[11:22] {Threei}  can't tell in advance... let's see how it acts if it gets there
[11:24] {Threei}  it completed half of phase III... providing second half shows good results it plans to submit FDA application at the end of 2009
[11:24] {Threei}  sounds to me like recipe for fizzling out
[11:24] {Threei}  it moved as it did only because of general bio hoopla, but tnay dies down too
[11:27] {dino} end of 09 is a long time
[11:27] {Threei}  yeah
[11:27] {Threei}  and :providing second half is good"...
[11:27] {vinod} I am for end at 4.00 p.m
[11:29] {dino} by 4 i expect to be pounding down a brew
[11:30] {vinod} we are allowed to talk about vodka only
[11:32] {dino} no vin, i have to shoot a round of golf tonight, beer and tequilla only
[11:36] {_navigateqd} gone short PH and RS, I stopped out RS and holding my PH short position
[11:36] {Threei}  what price are you short PH at?
[11:38] {_navigateqd} 47.2
[11:38] {_navigateqd} and dare not long RS 
[11:38] {_navigateqd} while it is moving higher
[11:40] {_navigateqd} I feel there's a big seller in PH
[11:41] {_navigateqd} shorting CLF now
[11:42] {dino} cnqr spike
[11:43] {_navigateqd} wow
[11:44] {fernp} 1:1 WU
[11:46] {vinod} you guys are still in ESLR--I am
[11:47] {Threei}  yes
[11:47] {vinod} thanks
[11:49] {_navigateqd} 42.2 seems to be the resistance to RS
[11:50] {dino} out ibkc .69, +.69
[11:54] {jfjf64} chk s .58
[11:55] {dino} zagg spike
[11:55] {dino} and drop, too fast
[11:55] {Threei}  good boy ESLR
[11:55] {Threei}  solidly over 1:1 for day traders
[11:55] {dino} otc forget it
[11:57] {vinod} ESLR 0ut 2k 2.26 left 2k
[11:57] {Threei}  gj
[11:58] {Threei}  now trail stop to under breakeven
[11:58] {Threei}  offer 1K more closer to 1.40
[11:58] {Threei}  then re-evaluate if gets there
[11:58] {vinod} o.k reason I post detail is to let you know if i am doing any thing wrong
[11:58] {_navigateqd} covered PH short at 46.52 
[11:59] {Threei}  nope... you are getting the routine down just right
[11:59] {vinod} o.k thanks vad
[11:59] {Threei}  and you know what the best thing about routine is?
[11:59] {Threei}  it eliminates thinking
[12:00] {Threei}  with it go second guessing, emotional involvement, rule breaking
[12:00] {Threei}  all thnat is left is automated reactions
[12:00] {Threei}  which turns you into trading robot
[12:03] {Threei}  good cover navigateq
[12:03] {Threei}  trail just above last resistance, exactly as I would do it
[12:03] {_navigateqd} out CLF breakeven
[12:04] {_navigateqd} Yeah no momentum to go down any further (PH)
[12:04] {Threei}  put in double bottom, formed resistance and then broke it
[12:05] {Threei}  typical trend reversal
[12:07] {_navigateqd} and I won't go long because it was very weak this whole morning
[12:09] {dino} shld stop to .51
[12:09] {vinod} nemo-I should have joined you in SAY with couple of K
[12:09] {Threei}  SAY getting frenzied
[12:10] {dino} out shld +.41
[12:15] {jfjf64} c/h chk  if anybody  cares  been  watchin
[12:15] {Threei}  SAY becomes today's start
[12:15] {Threei}  let's call it today's SQNM
[12:15] {ese} fitb go baby go!!!
[12:16] {Threei}  Moody's raises ratings on GMAC
[12:16] {Threei}  eeck
[12:16] {dino} wynn sm l .98
[12:16] {Threei}  new high ESLR
[12:16] {dino} we care jf
[12:17] {Threei}  aww dino... what's with encouragement and caring attitude
[12:17] {Threei}  "no jf, we don't, go away" is the right answer
[12:17] {ese} of all the saying you do on here vad.....i really like that one..."eeck"   Thats just about covers everthing that is goofy in the
[12:17] {Threei}  lol
[12:17] {jfjf64} lol
[12:18] {jfjf64} are ya in say
[12:18] {dino} wow jf is out of the circle of vads' trust
[12:18] {Threei}  just the opposite dino, just the opposite
[12:18] {jfjf64} hmmm
[12:18] {Threei}  I wish jf
[12:18] {dino} no jf
[12:18] {Threei}  we are in ESLR though
[12:18] {dino} dealing w/palm, wynn, fdo
[12:18] {Threei}  and we have 1:2 for daytraders
[12:18] {Threei}  1:4 for scalpers
[12:19] {nemo} no such thing as 1:4 for scalpers
[12:19] {Threei}  no
[12:19] {dino} watching efut for double bottom-ish
[12:19] {jfjf64} i took my 5cents  and  ran   no  good
[12:19] {Threei}  it's designed specifically to tease them by invoking scalper's regret
[12:19] {nemo} Captain Obvious
[12:20] {jfjf64} .75 l chk  waitin
[12:20] {dino} pru off .50?
[12:21] {Threei}  long?
[12:21] {Threei}  if holding .40
[12:21] {Threei}  nic tight stop
[12:21] {Threei}  nice
[12:21] {Threei}  Beijing Auto has expressed intereste in Ford's Volvo automobile unit - WSJ
[12:22] {Threei}  Chinese auto industry is being born out of crisis
[12:22] {nemo} getting to buy assets at firesale prices
[12:22] {Threei}  Hammer, Volvo
[12:22] {Threei}  yup, if not now then when
[12:23] {dino} well, that is the way it works vad. 
[12:23] {Threei}  PRU invalidated
[12:23] {nemo} wow you spelled it conventionally
[12:24] {jfjf64} chk ivalidated also
[12:24] {Threei}  that's accident nemo
[12:24] {Threei}  don't assign any significance to it
[12:24] {vinod} Carl Marx talked about transferring the means of production to the State; he didn’t mean the Chinese State?
[12:25] {nemo} Brazil is providing $10B to the IMF
[12:25] {Threei}  I am not familiar with what happens in China well enough... but he sure meant USSR of 20st century and, sadly, USA of 21st
[12:28] {pita} gotta go boys - happy hunting
[12:28] {Threei}  take care pita
[12:28] {nemo} cyapita
[12:29] {dino} cya pita
[12:40] {Threei}  JAZZ is crazy
[12:42] {jfjf64} charts say  alot of way  to  run   agree
[12:44] {Threei}  vinod.... ESLR is nearing second exit zone
[12:45] {dino} atni
[12:46] {jfjf64} .30 cents later   lol
[12:48] {jfjf64} issh   5.00 coming
[12:49] {dino} vad atni?
[12:49] {nemo} bounced on property acquisition news from Verizon
[12:50] {dino} yes, but a buit extreme
[12:50] {Threei}  don't have any opinion on that
[12:51] {dino} use mine
[12:51] {nemo} we don't know what the metrics are out of those properties
[12:51] {Threei}  lol JAZZ
[12:51] {Threei}  5
[12:51] {jfjf64} yikes jazz
[12:51] {jfjf64} here ya pullback
[12:52] {jfjf64} gettin recharged
[12:52] {dino} most likely english system nemo, us properties, :)
[12:53] {Threei}  quick pullback to 4, lol
[12:53] {nemo} I meant financial metrics
[12:53] {jfjf64} yup
[12:53] {dino} i know....
[12:54] {nemo} going for Captain OBvious Dino?
[12:54] {jfjf64} 3.70 be nice
[12:54] {dino} you guys are uptight todayu
[12:54] {nemo} I'm having trouble staying awake
[12:54] {Threei}  look at JAZZ
[12:55] {Threei}  will wake you up
[12:55] {nemo} no...I'm not in it
[12:55] {dino} and cyber says none avail
[12:55] {jfjf64} 4.40 break vad
[12:56] {Threei}  shrug
[12:56] {nemo} available here dino
[12:56] {nemo} or are you talking atni?
[12:56] {dino} short it nemo.......
[12:56] {dino} jazz
[12:57] {dino} wanted at 4.50 break, cyber says n.a.
[12:57] {nemo} wish you had told me then
[12:57] {dino} atni want to short just trying to figure out where
[12:57] {Threei}  yeah, available for laser
[12:58] {nemo} [12:56] {nemo} available here dino
[12:58] {dino} some day, when i grow up i'll make the switch
[12:58] {Threei}  lol
[12:58] {nemo} to what?
[12:58] {Threei}  rofl
[12:59] {Threei}  nemo... you are something
[12:59] {nemo} I was busting Vad
[12:59] {dino} indeed vad, indeed
[12:59] {jfjf64} jazz l .40 break for me
[12:59] {nemo} Contrary opinions here
[13:02] {dino} i am the contrarian
[13:02] {nemo} sorry
[13:02] {nemo} I was talking relativistically between you and JF
[13:02] {Threei}  hey!
[13:02] {nemo} Vad, you short it?
[13:02] {Threei}  no words longer than 3 syllables!'
[13:03] {Threei}  no, I am not touching this thing
[13:03] {jfjf64} thats a big word  for  me   im  just a scalper
[13:03] {nemo} sorry, that was 7
[13:03] {dino} wynn stopped
[13:03] {nemo} so sesquepaedalian and omphaloskepsis are out?
[13:03] {jfjf64} lol
[13:04] {nemo} Mary Palm still hanging in their Dino
[13:04] {nemo} there
[13:05] {dino} .77 stop
[13:05] {dino} shld lod
[13:08] {jfjf64} looks lk  wedge formin  jazz
[13:11] {ese} Have a 10;30 meeting see you all tomorrow....
[13:11] {Threei}  take care ese
[13:11] {dino}  cya es
[13:13] {nemo} tbt spiked @1:00 was there info on the auction?
[13:13] {Threei}  yes
[13:13] {jfjf64} hmm guess ya west  coast   tk care
[13:13] {nemo} helpful as always
[13:13] {Threei}  - indirect bidders take 34.2% of competitive bids
[13:13] {Threei}  - notes draw 3.99% with 46.5% alloted at high
[13:14] {jfjf64} jazz broke  wedge   down
[13:14] {Threei}  yeah, shirted a little at .09
[13:14] {nemo} indirect bidders were over 40% at the last one...eewww
[13:14] {Threei}  covered .75
[13:14] {nemo} I thought you said you weren't touching it
[13:15] {Threei}  I changed my mind
[13:15] {Threei}  am I allowed?
[13:15] {dino} wynn rinsed
[13:15] {Threei}  AGEN Hearing vague positive chatter circulating on prospects for the Oncophage approval in Europe (2.24, 0.17, 8.21%)
[13:16] {dino} aapl bruised
[13:16] {nemo} nice
[13:16] {jfjf64} ya  lk bounce  here for  long   3.75
[13:17] {jfjf64} in
[13:18] {jfjf64} .77
[13:18] {jfjf64} 1/1
[13:21] {Threei}  wtg
[13:21] {Threei}  beautiful bounce and nicely executed trade
[13:32] {Threei}  Preview: Fed's Beige Book survey of regional economic conditions to be released at 2pmET
[13:32] {Threei}  **reminder: the prior Beige Book, released on 4/15, stated:
[13:32] {Threei}  - the economy contracted slower in 5 of 12 regions, and the housing market showed signs of tentative stabilization.
[13:32] {Threei}  - Credit remained tight across regions.
[13:32] {Threei}  etc
[13:41] {Threei}  MFE Microsoft to reportedly release a free anti virus service (39.94, -0.63, -1.55%) (related SYMC BCSI FIRE )
[13:43] {vinod} stop out eslr at 2.30 did not hit offering price of 2.40
[13:48] {dino} shld holding that lod
[13:49] {nemo} so aren't the indices
[13:50] {nemo} gonna' do a re-run?
[13:51] {dino} 8633 support, 1467, 923
[13:51] {dino} pru, shld may have bottomed, watch for retest
[13:51] {dino} efut getting near
[13:52] {dino} fed beige book should lean positive imo
[13:53] {dino} atni wants 40
[13:53] {jfjf64} thinkin 4.10 break vad   jazz   ya opinion
[13:56] {Threei}  hmmm
[13:57] {Threei}  hard to tell really
[13:57] {jfjf64} vol dryin up
[14:00] {dino} efut sm l .10
[14:00] {Threei}  SAY is holding rather well
[14:00] {nemo} pru dino
[14:00] {dino} missed it
[14:01] {nemo} yeah, I saw it @ .10 but passed
[14:01] {dino} thought it would re-test
[14:02] {vinod} vad-SAY is software service company with 50K employee 
[14:02] {Threei}  *FED'S BEIGE BOOK: SLUMP IS MODERATING IN 5 OF 12 DISTRICTS; Prices at all stages of production and wages were flat or falling, expectations have improved
[14:02] {Threei}  I remember the story vinod
[14:02] {nemo} shld bolted too
[14:03] {Threei}  shooting at US Holocaust Museum
[14:03] {jfjf64} crazy
[14:03] {jfjf64} look jazz   liked  news   lol
[14:04] {vinod} not only SQNM but all bio tech are down
[14:05] {jfjf64} hv feelin will test that .40
[14:07] {dptl} have a good evening all
[14:07] {jfjf64} .40break all over
[14:07] {Threei}  take care dp
[14:08] {dino} cya dp
[14:08] {jfjf64} in
[14:09] {jfjf64} .42
[14:09] {Threei}  wow... you skipped .10 but went for .40?
[14:10] {jfjf64} yeah  late  to  dance???
[14:11] {Threei}  logic escapes me :)
[14:11] {jfjf64} yikes  no  wk
[14:11] {jfjf64} stupid
[14:15] {Threei}  C Introduces a poison pill provision to protect a $43B tax benefit
[14:17] {Threei}  SAY has this look...
[14:17] {Threei}  break-and-enter
[14:17] {jfjf64} yup
[14:20] {dino} last try wynn off of .00
[14:24] {jfjf64} cd use 5 cent stop for this break  correct
[14:31] {jfjf64} SAY in aint so   maybe  later
[14:36] {vinod} are we going to closed green?
[14:36] {nemo} PPT should be showing up soon
[14:36] {dino} giddy-up wynn
[14:37] {dino} nemo, nice timing
[14:42] {nemo} wynn's kinda' got a left sided C&H going there
[14:43] {dino} meaning
[14:43] {nemo} ask Vad, it just looks opposite of what one normally thinks of a C&H
[14:44] {Threei}  you come up with some weirdo stuff and sened people to ask me?
[14:44] {dino} roflol
[14:44] {nemo} I just opined on what it looked like
[14:45] {jfjf64} do  we short  or  go  long   with this  type of cup   vad
[14:45] {dino} looks like a coin toss to me
[14:45] {nemo} ya' know, kinda' looks like a genie's lamp
[14:45] {Threei}  jf... ask nemo {G}
[14:45] {Threei}  it's his fanous Alladin setup
[14:46] {nemo} that was good
[14:46] {nemo} how's the shoulder
[14:46] {Threei}  thank you, betyter than magoo's ankle
[14:46] {dino} hurts
[14:46] {nemo} I trouted it this morning
[14:54] {Threei}  those who take ESLR fo a swing, wqe will trail stop today
[14:54] {Threei}  will decide on a new placement at the end of the day
[14:56] {dino} csfg
[14:56] {dino} cfsg
[15:06] {Threei}  some more selling and will start looking into SAY's eyes re: bounce
[15:06] {dino} wynn tighten to .89 mkt drop
[15:06] {Threei}  sharp dive into .40 would be nice
[15:06] {dino} myrg
[15:13] {dino} wynn to flat
[15:14] {dino} to .08
[15:14] {dino} out wynn, +.08
[15:17] {fernp} SAY formed double bottom
[15:17] {dino} say it isn't so
[15:22] {vinod} JAZZ and SQNM are killers
[15:23] {vinod} and lost faith in SAY
[15:23] {fernp} out SAY`+.09
[15:23] {Threei}  fern :)
[15:24] {Threei}  come on vinod... you can't lose faith in company with 50,000 employees on 30 cents pullback
[15:24] {nemo} nice one Vad
[15:25] {Threei}  JAZZ is as brutal on pullback as it was on run up
[15:25] {Threei}  JAZZ .15 long, half lot
[15:26] {vinod} I am fair weather trader?
[15:26] {Threei}  lol
[15:26] {Threei}  feel free to take profit on JAZZ as you see fit
[15:26] {Threei}  1:1 in seconds
[15:29] {vinod} look like no PPT today?
[15:30] {Threei}  day off... Wed
[15:30] {Threei}  PPT manual says no work on Wed
[15:30] {nemo} sometimes they wait until 3:40
[15:30] {vinod} they run out of money
[15:30] {nemo} just print more
[15:31] {Threei}  printing press goes on preventive care each Wed
[15:31] {magoo} rip or rott vad??
[15:31] {Threei}  neither
[15:32] {Threei}  sideways
[15:32] {nemo} where you been
[15:32] {Threei}  he was unconscious ever since [11:16] * Threei slaps magoo around a bit with a large practicing trout
[15:32] {magoo} total distractions today
[15:32] {nemo} here they come
[15:33] {Threei}  nah, it's traders trying to frontrun them
[15:33] {nemo} oh yeah volume low
[15:33] {wulff} you think SAY is good for an overnight?
[15:33] {Threei}  hmmm
[15:34] {Threei}  dunno, ESLR feels safer to me
[15:34] {_levelseven} eslr threatening new hi
[15:34] {wulff} safe....hah! whats that?
[15:34] {dino} damn missed pru again
[15:35] {Threei}  new hi runs to police to ask for retstraining order against ESLR
[15:35] {nemo} they
[15:36] {nemo} they're here
[15:36] {Threei}  {they} no us are not
[15:37] {dino} "they say if you can think it, it's been done"
[15:38] {Threei}  ESLR assault on new high
[15:38] {Threei}  new high is killed
[15:38] {Threei}  even newer high now
[15:38] {Threei}  1/4 more out
[15:39] {Threei}  +.30
[15:39] {_levelseven} seady & slow, less stress
[15:39] {_levelseven} seady
[15:39] {_levelseven} steady
[15:39] {Threei}  there
[15:39] {Threei}  third time is charm :)
[15:39] {_levelseven} ha
[15:39] {dino} fdo to .67 all day
[15:39] {dino} stopped +.02
[15:40] {Threei}  daytraders, trail stop to .15 for the last portion
[15:40] {Threei}  swingtraders, trail stop to 1.95
[15:40] {dino} efut to .25
[15:40] {Threei}  and btw, swing traders have 1:1
[15:41] {Threei}  so partial out is a valid option
[15:41] {nemo} what about scalpers?
[15:41] {dino} i picture vad at one of those "key" parties when he says that
[15:41] {Threei}  lol
[15:41] {Threei}  scalpers are crying, nemo
[15:41] {dino} out efut .22 slip, +.12
[15:42] {nemo} outta' PALM yet Dino?
[15:43] {dino} no, if it doesn't hit stop, will carry overnightif hit .25 will take it
[15:44] {dino} that was "&" hits
[15:44] {dino} all in all held well this afternoon
[15:45] {jfjf64} axp break .57 here
[15:46] {dino} brb
[15:49] {dino} efut, ugh!
[15:50] {jfjf64} common buyers   bg sale  axp  10 min
[15:51] {nemo} see that on efut dino!
[15:52] {dino} see above nemo, tricked me
[15:52] {nemo} I'm talking that .30 shakeout
[15:52] {Threei}  BAC Fed Emails Show Fed Thought BofA''s Threat To Drop Merrill Acquisition Was ''Not Credible'' - WSJ
[15:53] {fernp} good evening all. see u tomorrow
[15:53] {Threei}  take care fern
[15:54] {Threei}  SAY is back to highs
[15:54] {Threei}  ESLR too
[15:54] {Threei}  nice finish
[15:54] {dino} yes saw that
[15:54] {nemo} market will end up basically flat
[15:54] {wulff} what was your last sell on SQNM?
[15:54] {dino} thats why hard stop was not desired but eod so....
[15:54] {nemo} Everybody covering shorts in fear of PPT
[15:54] {jfjf64} 4.95 break vad  still good
[15:55] {Threei}  wow, it was yesterday
[15:55] {wulff} What's PPT?
[15:55] {Threei}  we haven't traded it today
[15:55] {wulff} I know, just curious
[15:55] {nemo} Plunge Protection Team for us conspiracy theorists
[15:55] {jfjf64} 1/1 axp
[15:55] {wulff} OK
[15:55] {Threei}  I'd have to dig it out in the log...
[15:55] {Threei}  my memory span is one of a moth
[15:55] {wulff} no prob forget it
[15:56] {dino} wulff, or w/new admin., political protection team
[15:56] {vinod} my mistake, sold ESLR too soon and did not play SAY
[15:56] {jfjf64} all out axp
[15:57] {dino} fdo l .60
[15:57] {wulff} more list BSPT
[15:57] {dino} out .65, +.05
[15:57] {wulff} more like...
[15:57] {vinod} have a nice evening to all
[15:57] {Threei}  take care vinod
[15:57] {Threei}  okay guys
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a good evening, see you tomorrow
[15:57] {jfjf64} gn 
[15:58] {_traderw} good night , thanks!
[15:58] {Threei}  sure thing
[15:59] {Threei}  ESLR babyu
[15:59] {jfjf64} monster
[15:59] {Threei}  over 1:4
[15:59] {dino} gn all, thx, positive but light. week going well tho
[16:00] {dino} tee time in 30

Tuesday, June 9, 2009

Jun 09 2009

The day started in a boring fashion, as it became customary lately... and then along came SQNM. Even though we haven't utilized its full potential, it was fun and profirable.

Session Time: Tue Jun 09 00:00:00 2009

[08:07] {Threei}  MDRNA Inc. FDA approves generic calcitonin-salmon nasal spray for osteoporosis
[08:07] {Threei}  - The company has obtained full FDA approval of its Abbreviated New Drug Application (ANDA) for generic calcitonin-salmon nasal spray for the treatment of osteoporosis and that Par Pharmaceutical Companies, Inc. has launched the product
[08:07] {Threei}  MRNA
[08:09] {pita} greetings
[08:09] {Threei}  pita :)
[08:15] {Threei}  AXP CNBC: Company is on list to repay TARP; as speculated (25.65, 0.00, 0.00%) (related XLF )
[08:22] {nemo} On CNBC this morning Prof. Elizabeth Warren, called for rerunning the bank stress tests periodically. She pointed out that the most extreme scenario in the test of 8.8% unemployment has already been surpassed. She wants updated data as it emerges used to retest the computer modeling.
[08:22] {Threei}  sigh
[08:22] {Threei}  first test was meanignless... so let's have more of those
[08:23] {nemo} Yeah...I've come to realize that all writing is fiction
[08:29] {fernp} good morning everybody
[08:29] {nemo} mornin'
[08:30] {Threei}  fern :)
[08:30] {vinod} GM
[08:33] {Threei}  vinod :)
[08:51] {larisa} good morning :)
[08:51] {Threei}  larisa :)
[08:51] {larisa} :)
[08:51] {magoo} morning
[08:52] {nemo} Hey Mags!
[08:53] {magoo} i have a quick{hopefully quick} apptnt at 9:15..then ill be back
[08:54] {Threei}  mags :)
[09:02] {vinod} nothing is one-way forever  including market
[09:04] {patience} good morning guys...another day in paradise here   :)
[09:04] {Threei}  patience :)
[09:04] {nemo} Hah!  My favorite saying
[09:04] {patience} :)
[09:04] {patience} vad, winnipeg was 15 yesterday
[09:04] {ese} good morning
[09:04] {patience} should make you feel good
[09:04] {Threei}  ese :)
[09:06] {dino} gm all
[09:06] {Threei}  dino :)
[09:06] {nemo} dino :)
[09:06] {ese} dino
[09:07] {dino} :)
[09:07] {dino} verizon adding palm pre in jan.
[09:07] {dino} cnbc
[09:11] {ese} well i won't be here long today......grad ceremonies for our high school....have to up at the university in an hour and a half...wasted trading day
[09:12] {dino} have fun es
[09:12] {ese} i would if i were hanging with you all
[09:13] {nemo} Pomp and Ceremony...necessary waste of time
[09:13] {ese} indeed nemo
[09:13] {Threei}  FITB is bumping of 2 days high
[09:14] {ese} yes may go for a quick hit........
[09:14] {nemo} Goin' for an "ese"?
[09:16] {ese} hmmmm never looked at my handle that way...but......yes
[09:16] {ese} you a golfer nemo?
[09:16] {nemo} Not since I was younger
[09:16] {nemo} Why?
[09:17] {ese} whne i finally make it to myrtle to take on'lll have to come
[09:17] {nemo} That would be nice...I'll hold down the fort at the 19th
[09:18] {dino} lol nemo. i will join you after the round
[09:18] {nemo} hehehehehe
[09:18] {ese} We literally have a course here...designed by Jack Nickalus that has 19 holes..."Bear Mountain"
[09:19] {nemo} Interesting...Only thing Mass has going for it is the longest course in the US in Bolton.
[09:19] {ese} bonus hole
[09:19] {nemo} At least I think it still is
[09:19] {nemo} I'll leave that one alone ese
[09:19] {ese} lol
[09:19] {dino} great bear about 45 minutes from me, nickalus course, i play it every summer w/banking buddy of mine
[09:19] {nemo} is the janitor looking?
[09:20] {ese} nope
[09:20] {Threei}  there are courses designed by him here dino
[09:22] {dino} guy gets around
[09:22] {ese} i'll say
[09:29] {Threei}  keeping half eye on MRNA in case of severe pullback
[09:29] {Threei}  FITB, for consolidation and .40 break if FAS helps
[09:29] {nemo} you've got three
[09:30] {Threei} Long Setup:  AUY  11 break if stays above 10.90
[09:32] {Threei} Short Setup: CAT  .40 if stays below .50
[09:33] {ese} auy l .03
[09:33] {nemo} missed trying to get cat
[09:34] {nemo} in on 2nd
[09:34] {ese} blink and i slightly missed it
[09:35] {Threei}  no go CAT
[09:35] {ese} stop .94
[09:36] {nemo} on what ese?
[09:36] {Threei}  [09:33] {ese} auy l .03
[09:36] {nemo} o.k. saw you're .90 
[09:37] {nemo} your
[09:37] {ese} yes 
[09:38] {ese} if i'd gotten in when i was spose too i'd be out by now at .05
[09:41] {Threei}  trailing AUY to .93
[09:42] {ese} hmm mmm  printed .94 i thought  stop is still intact
[09:45] {Threei}  Treasury Geithner: 10 of of bigges tbanks can repay $68B in TARP repayment
[09:45] {Threei}  68B?
[09:47] {nemo} BFD
[09:47] {ese} aye aye aye......wake up ese....stop is at .84 not .94............
[09:47] {ese} ..94 now
[09:47] {ese} sheesh....this is not a good sign
[09:48] {nemo} what?
[09:48] {Threei}  lol
[09:48] {ese} typed in .84 nemo...
[09:48] {ese} thought i had typed in .94
[09:48] {nemo} so...where is it?
[09:48] {ese}  it was suppose to be .94
[09:49] {ese} when the tape printed .94 my stop was still there....couldn't figure it out
[09:49] {ese} i stupidly typed in .84
[09:49] {Threei}  MS Reportedly notes it will repay $10B in TARP funds - unconfirmed report (8.74, 0.00, 0.00%) (related XLF )
[09:49] {dino} bpopp?
[09:51] {ese} stopped auy .93  -.10
[09:51] {nemo} .92
[09:51] {nemo} good thing we got out
[09:51] {nemo} whoa
[09:51] {ese} daaaaaaaa!!!!!!!!
[09:51] {jfjf64} mornin
[09:51] {ese} whoaaaa is right
[09:51] {ese} jf
[09:51] {Threei}  gold fell off a cliff
[09:52] {ese} welcome to the i'm typing blind session
[09:52] {nemo} Yeah, feds talking about tarp repayment probably spooked the PMs
[09:52] {Threei}  jf :)
[09:52] {ese} axp looks to be paying back tarp as well
[09:53] {nemo} PM's down, but TCK holding gains
[09:54] {Threei}  Berkshire Hathaway's Sokol: TARP repayments from banks represents progress
[09:54] {Threei}  - Believes carbon trading would create duplicate costs
[09:54] {Threei}  just what we need
[09:54] {vinod} They all talk about TARP but when they going to make loan to business and consumer
[09:54] {ese} whats carbon trading
[09:54] {nemo} This is about saving the system, not the individual Vinod
[09:55] {Threei}  BBT Announces TARP repayment approval of $3.134B; expects $48M charge in Q2
[09:55] {Threei}  - company has notified the Treasury of its intent to repurchase the outstanding warrant
[09:56] {Threei}  AXP Spokesperson: Confirms speculation that group will repay TARP funds (26.36, 0.71, 2.77%)
[09:57] {dino} cof too
[09:59] {Threei} Short Setup: SLM  .85 break
[10:00] {Threei}  stop for scalpers above .90, day traders .95 or 8
[10:00] {Threei}  APRIL WHOLESALE INVENTORIES: -1.4% V -1.2%E
[10:01] {Threei}  IBP/TIPP ECONOMIC OPTIMISM: 50.8 V 49.0E
[10:01] {jfjf64} in
[10:01] {nemo} in .84
[10:02] {jfjf64} ditto
[10:02] {Threei}  scalpers have over 1:1
[10:02] {fernp} ty
[10:03] {dino} gsbc drop
[10:03] {Threei}  daytraders have over 1:1
[10:03] {dino} thin
[10:04] {nemo} ty
[10:05] {Threei}  who partialed, trail stop to .88 for the balance
[10:06] {jfjf64} ty
[10:06] {Threei}  doesn't bounce with market so far
[10:07] {Threei}  BK Reportedly cleared to repay TARP (9.05, 0.08, 0.89%)
[10:07] {Threei}  10:06 COF Approved to repay $3.55B in TARP
[10:08] {ese} bstop intc 16.40
[10:08] {Threei}  Lawyer: GM will be able to get through bankruptcy in 60 days
[10:08] {Threei}  {Another Laywer} Are you crazy? How are we going to make a living?? This case was supposed to feed us for generations
[10:09] {Threei}  insists the UAW is not getting special treatment
[10:09] {Threei}  - Not sure how long the US government will fund Chrysler in bankruptcy.
[10:11] {ese} aggressive entry intc .35
[10:13] {jfjf64} axp double top\
[10:13] {Threei}  or breakout
[10:13] {Threei}  can't tell really, volume is rather indicative of upward
[10:14] {Threei}  to make matters more confusing:
[10:14] {Threei}  it doesn't really trading on its own merits
[10:14] {jfjf64} ty
[10:14] {Threei}  look at the broader market
[10:14] {Threei}  AXP pretty much mirrors irt
[10:15] {nemo} what's "irt"
[10:15] {ese} out 1/2 intc .44 +.09
[10:16] {Threei}  forms little C&H
[10:16] {Threei}  .63 long with stop under .50
[10:16] {dino} sm l gsbc .60
[10:17] {Threei}  SLM stop to above .80
[10:18] {ese} out full intc .42 +.07
[10:18] {ese} have to go see you all tomorow
[10:19] {Threei}  take care ese
[10:19] {Threei}  AXP invalidated
[10:19] {nemo} by ese
[10:19] {Threei}  JPM Reportedly approved to repay $25B in TARP
[10:20] {jfjf64} y
[10:20] {ese} see ya vad
[10:20] {dino} cya es
[10:20] {dino} mnkd deep pullback
[10:27] {vinod} Talking about TARP they wants to drive the market higher?
[10:27] {Threei}  they just post news
[10:27] {nemo} yeah, maybe the math is too easy...60 billion returned on 877 billion lent
[10:27] {Threei}  not everything has hidden agenda
[10:28] {nemo} are you saying I'm paranoid
[10:29] {nemo} that was rude of SLM
[10:30] {vinod} intent of TARP was to loan out and help economy
[10:30] {nemo} I'm going to disagree...that might have been what was said for public consumption
[10:31] {dino} tarp was furthered for control
[10:31] {nemo} Dino, what was your stop?
[10:31] {dino} gsbc not stopped 
[10:31] {Threei}  US Treasury Geithner: Regulatory overhaul to come within a few weeks, must be matched overseas; US still faces substantial challenges
[10:31] {Threei}  - Economy will not see large revenue increases until 2011
[10:31] {Threei}  - Once recovery in place, will work on cutting deficit
[10:32] {dino} , but gappy, so wide .25ish
[10:32] {nemo} thank you
[10:33] {Threei}  White House Budget Director Orszag: Cost savings can be found in the medicare and medicaid programs
[10:33] {Threei}  why do I find it hard to believe
[10:34] {Threei}  BRCM consolidates close to high
[10:35] {dino} 1:1 nemo, but want 3:1
[10:35] {dino} 1:3 i mean
[10:36] {nemo} You're ability to read "gappy" charts is impressive
[10:36] {Threei}  DNDN...
[10:36] {dino} lucky thats all
[10:37] {dino} wynn, pru, crdn
[10:37] {nemo} let's not go there again :)
[10:37] {dino} .21 is the area that needs to fall
[10:38] {dino} pulled offers
[10:38] {nemo} there you go
[10:39] {dino} .50 was last top
[10:40] {Threei}  DNDN spiked hard off the level that wasn't really anything technical, but activity looked interesting
[10:40] {Threei}  let's see if we get pullback
[10:45] {dino} perhaps 1:2 was enough nemo
[10:46] {nemo} oy weh
[10:47] {Threei}  DNDN
[10:47] {Threei}  watching for pullback closer to .20
[10:49] {dino} lod's
[10:51] {nemo} BRCM faceplant
[10:52] {Threei}  bounce zone BRCM
[10:52] {Threei}  off .40
[10:52] {Threei}  watch NQ for hint
[10:54] {Threei}  stop under .40 if you went for it
[11:02] {Threei}  STT Confirms approval for repurchase of $2B in TARP
[11:02] {Threei}  will also initiate discussions with the US Treasury for the repurchase of the common stock purchase warrant issued to the US Treasury in October 2008. That warrant, initially exercisable for 5,576,208 shares of State Streets common stock, now represents an interest to purchase 2,788,104 shares
[11:05] {Threei}  US Treasury Sec Geithner: Pace of housing price decline has slowed; homeowners still face challenges
[11:05] {nemo} Captain Obvious
[11:07] {Threei}  can't tell whether BRCM has more... feel free to takes scalp who went for it
[11:13] {larisa} nice BRCM bounce call
[11:14] {Threei}  you took it?
[11:14] {larisa} from the second  bottom test
[11:14] {Threei}  :)
[11:15] {Threei}  DNDN, really thought it would give better entry
[11:15] {Threei}  barely lost .30 and spent 1/100 of second there
[11:16] {Threei}  what's with SCON?
[11:17] {Threei}  I don't see anything fresh
[11:20] {dino} palm sm l .25
[11:24] {Threei}  hmmm
[11:24] {Threei}  SCON... highly gambling thing... 5 break
[11:28] {Threei}  wow BRCM
[11:32] {Threei}  GS Confirsm TARP repayment
[11:33] {vinod} What would the banks’ balance sheets have looked like under mark-to-market?, 
[11:36] {dino} nga
[11:37] {dino} gap around 6.30 nga
[11:39] {nemo} support around .75 too
[11:39] {dino} yes
[11:40] {dino} syna rock and roll
[11:41] {dino} sm l crdn .98
[11:42] {Threei} Long Setup:  DRYS  .40 break if holding above .30
[11:43] {dino} stop is .75
[11:43] {larisa} was just looking at DRYS :)
[11:43] {Threei}  not good larisa
[11:43] {larisa} i know
[11:43] {Threei}  having same thoughts as I do ought to be very disturbing
[11:44] {larisa} I did not have any, just looking as it was blinking green :)
[11:45] {Threei}  ok... you may be safe still but be on alert
[11:46] {Threei}  if sets up from here, hardcore scalpers can use .35 as support
[11:46] {nemo} hardcore or pesky?
[11:46] {Threei}  same thing...
[11:49] {Threei}  US Treasury Sec Geithner: Financial regulatory system needs a new body that would bring together the various parts of the system, will not propose concentrating all regulatory authority for systemic issues in one regulator
[11:49] {Threei}  - It is critically important for the US to draw up plans to cut deficits in the medium term.
[11:49] {Threei}  - Warns that there is "no path through the crisis" without more government debt
[11:50] {Threei}  there is "no path through the crisis" without more government debt... heh
[11:50] {Threei}  working hard to push through boss' message eh?
[11:50] {nemo} long as somebody extends it.
[11:53] {dino} bth
[11:54] {magoo} sigh..just back
[12:03] {dino} this market is dead
[12:03] {larisa} they call it consolidation :)
[12:03] {Threei}  DRYS is invalidated
[12:04] {jfjf64} vad  lk axp   somethin gotta gv
[12:04] {dino} call it whatever you want, nothig really moving
[12:04] {dino} nothing
[12:04] {larisa} nofing
[12:05] {Threei}  I can't tell which way jf
[12:07] {jfjf64} yikes
[12:07] {Threei}  SQNM?
[12:07] {jfjf64} axp   market help
[12:08] {Threei}  anyone see anything on SQNM anywhere?
[12:08] {Threei}  nothing on my newsfeed
[12:09] {larisa} nope
[12:09] {fernp} nothing here (DJ News)
[12:10] {dino} no vad
[12:10] {dino} nothing at cyber
[12:10] {Threei}  ty... maybe hype somewhere
[12:10] {Threei}  I am sensitive to this thing's movemens, it feels to me highly charged with potential explosion should any bit of good news come its way
[12:11] {dino} i hope you are talking about the stock
[12:11] {Threei}  resistance on daily is around 3.75 - 3.80
[12:12] {Threei}  if it attracts interest, there is so much air above it without any slightest sign of resistance
[12:12] {dino} fdo partial fill, l .70
[12:13] {Threei}  if something does start happening there, it's a swing trade candidate providing we can get it early
[12:13] {Threei}  with potential to double
[12:16] {Threei}  somethinbg's brewing
[12:17] {pita} where do you like it?
[12:17] {Threei}  there are no technicals to such parabolic move...
[12:18] {Threei}  over 10% in a matter of minutes...
[12:19] {dino}, strong buy vad
[12:19] {Threei}  gosh... who is that?
[12:20] {jfjf64} stockdogs cousin     lol
[12:20] {dino} lol
[12:20] {dino} i think it's a site run by magoo
[12:20] {Threei}  you think dawg and wulff have something to do with that?
[12:20] {dino} perhaps
[12:21] {jfjf64} hv to try and laugh    lk axp    
[12:28] {Threei}  LVS CEO: Hopes to expand Bethlehem property, add craps & blackjack tables (9.78, -0.18, -1.81%)
[12:28] {Threei}  DRYS formed C&H...
[12:29] {jfjf64} still break .40
[12:29] {Threei}  market looks to be preparing to traditional ramp-up... if starts making new highs, DRYS is .40 break canadidate again
[12:30] {Threei}  not an easy player lately
[12:31] {Threei}  SQNM more or less formed something to try if you like it
[12:31] {Threei}  .65 break
[12:31] {Threei}  stop for those hardcore scalpers under .60, otherwise (and my preference) under .55
[12:32] {jfjf64} in .66
[12:32] {jfjf64} comon buyers
[12:34] {Threei}  hardcore, aka pesky ones have 1:1
[12:35] {jfjf64} yeah  ty
[12:35] {jfjf64} double top formin
[12:35] {dino} out crdn .27, +.29
[12:36] {Threei}  dunno... volume is rather breakish
[12:37] {Threei}  ideally, should hold as close to .75 and possible and break it after little rest
[12:38] {Threei}  that should set next leg up in motion
[12:38] {Threei}  and take it closer to 4
[12:45] {magoo} was there bad news goog aapl or general mkt tech wreck vad?
[12:46] {Threei}  GOOG, main thing about it is unexpcted success of new MSFT search engine
[12:46] {Threei}  funny enough named BING
[12:46] {Threei}  BING vs GOOG...
[12:46] {magoo} oh yea..saw commercial
[12:47] {Threei}  there was a report earlier
[12:47] {Threei}  MSFT's share of search increased
[12:50] {magoo} howa bout aapl?
[12:51] {Threei}  nothing but upgrades and positive comments
[12:54] {Threei}  US) Treasury Spokesperson: Confirms that banks repaying TARP funds to be free of all pay, dividend and share buyback restrictions
[12:55] {nemo} stop on fdo Dino?
[12:56] {dino} b/e
[12:57] {dino} syna hod
[12:57] {dino} osip lod
[12:58] {Threei}  ALGN Hearing Dealreporter making positive comments on prospects as a takeover target
[12:58] {dino} fdo trouble w/.82
[12:58] {Threei}  Dealreporter... lol
[12:58] {Threei}  OK SQNM... noq or never
[12:59] {Threei}  noq = now... I guess
[13:00] {jfjf64} .75 break vad   you lk??
[13:00] {nemo} 4k jf
[13:01] {Threei}  yes but I am in from lower
[13:01] {Threei}  Prez on TV soon
[13:02] {Threei}  - indirect bidders take 43.8% of competitive bids
[13:02] {Threei}  - notes draw 1.96% with 52.27% allotted at high
[13:02] {Threei}  okay SQNM
[13:03] {Threei}  1:1 for "otherwise-ish"
[13:04] {Threei}  I am half out
[13:07] {Threei}  - indirect bidders take 43.8% of competitive bids
[13:07] {Threei}  - notes draw 1.96% with 52.27% allotted at high
[13:07] {Threei}  oops
[13:07] {Threei}  werong one
[13:07] {Threei}  US Senate Aide: Senate has indicated healthcare as priority; financial reform later in the autumn (related IYH XLF )
[13:08] {Threei}  prez on TV
[13:08] {Threei}  (US) President Obama: TARP repayments are a positve sign, but they are not a signal the crisis is over (related XLF )
[13:09] {Threei}  SQNM baby
[13:10] {Threei}  notes the govt has made a profit on the return of the first round onf TARP funds
[13:13] {dino} out gsbc .10 +.50
[13:13] {dino} fdo flat
[13:14] {larisa} gj
[13:15] {Threei}  new high SQNMee
[13:15] {Threei}  1:2, 1/4 more out
[13:16] {Threei}  [12:38] {Threei} that should set next leg up in motion
[13:16] {Threei}  [12:38] {Threei} and take it closer to 4
[13:17] {larisa} I thought only magoo likes to quote  himself :)
[13:17] {Threei}  no, we all do 0 when we nail it right
[13:17] {Threei}  and in this case, it was the easiest way to outline my target for the next portion
[13:19] {Threei}  stop for last part is under .70
[13:20] {larisa} :)
[13:22] {Threei}  over 1:3
[13:22] {Threei}  4 on the nose
[13:22] {Threei}  me out
[13:23] {Threei}  +.30
[13:23] {Threei}  not too shabby for a cheapie
[13:23] {Threei}  I still think it has more in it but probably not today
[13:24] {dino} gj
[13:24] {Threei}  ty
[13:24] {Threei}  pita... I know you have this habit to sit on them...but consider partialing at least
[13:25] {dino} fdo rinsed
[13:32] {dino} isle
[13:35] {Threei}  look at SQNM go
[13:35] {dino} sm pru .25
[13:35] {Threei}  I called it potential double when it was around 3.60, right?
[13:36] {Threei}  Larisa... this is me booking right to quote myself when it's above 7
[13:36] {nemo} so it'll hit 7.20 today?
[13:36] {Threei}  today??
[13:36] {nemo} :)
[13:36] {Threei}  [12:13] {Threei} if something does start happening there, it's a swing trade candidate providing we can get it early
[13:36] {Threei}  [12:13] {Threei} with potential to double
[13:36] {Threei}  swing
[13:40] {Threei}  01:39 PM [SQNM] Strength attributed to chatter that SQNM may be close to resolving issues of mishandlded data for SEQureDx Trisomy 21 Test
[13:40] {Threei}  - reminder: on 4/29 the stock fell over 75% on a report it would delay the launch of its SEQureDx Down syndrome test, due to the discovery by company officials of employee 'mishandling' of R&D test data and results.
[13:45] {Threei}  I am not delighted by this bit of news
[13:46] {Threei}  I would prefer it to move on now news/no rumors
[13:47] {nemo} DRYS is like a wandering drunk
[13:47] {dino}  palm stop to .55
[13:47] {dino} all dayer
[13:48] {nemo} another one of those $50/hr. stocks...pitiful
[13:49] {Threei}  how about that, SQNM
[13:49] {Threei}  lol
[13:49] {dino} lol
[13:49] {nemo} 7.20 today
[13:49] {Threei}  nah
[13:50] {dino} tighten to .60
[13:50] {dino} mkt drop
[13:53] {dino} wynn sm l .25
[13:53] {pita} cu all later
[13:53] {dino} cya pita
[13:53] {Threei}  pita... exited SQNM??
[13:56] {dino} palm to .65
[13:57] {dino} to .75
[13:57] {dino} out palm .75, +.50
[13:57] {Threei}  nice PALM
[13:57] {nemo} and this is before ppt intervention after 3:00
[13:57] {Threei}  gosh... what ppt... what intervention...
[13:58] {dino} tks
[13:58] {nemo} forgot...I'm delusionally paranoid
[13:58] {Threei}  amazing how these suggestions become assumptions then acepted "facts"
[13:59] {Threei}  as if any upward move couldn't happen without intervention
[14:02] {larisa} I am with nemo, i like conspiracy theories
[14:02] {Threei}  I do too
[14:02] {dino} if these were down moves they would be screaming for shorts' heads
[14:02] {Threei}  I just don't believe in them
[14:02] {dino} ironic isn't it
[14:02] {Threei}  yeah
[14:02] {nemo} you mean there's no Easter Bunny?
[14:03] {Threei}  any move is consipracy if it happens against your opinon
[14:03] {Threei}  ummm... nemo...
[14:03] {Threei}  I don't know how to tell you this...
[14:03] {nemo} I'm sitting down
[14:03] {Threei}  but, about Santa...
[14:03] {nemo} pedophile?
[14:03] {Threei}  janitor
[14:04] {nemo} speechless
[14:04] {Threei}  sorry
[14:04] {dino} syna continues
[14:04] {nemo} Vodka is right in the drawer...hold on
[14:06] {nemo} is that a daylong C&H on tndm
[14:06] {nemo} ?
[14:06] {nemo} warped though it may be
[14:07] {Threei}  not very clean, but more or less, yeah
[14:30] {dino} .
[14:30] {nemo} ?
[14:30] {Threei}  !
[14:31] {nemo} what's with the "." anyway?
[14:31] {dino} thought i wasn't here
[14:31] {nemo} stick yourself with a fork
[14:31] {patience} ouch
[14:32] {dino} not done yet
[14:32] {nemo} if you feel pain, you're there
[14:32] {nemo} Yeah, I'm always a little soft
[14:32] {Threei}  conversation becomes an embodiment of intelligence
[14:32] {dino} you poor guy
[14:33] {nemo} comment
[14:33] {dino} wynn, and pru trouble w/.50
[14:33] {nemo} are youu long wynn?
[14:33] {Threei}  extraterrestials would have been delighted to contact us readuing this dialog
[14:33] {dino} what do you think we are vad
[14:34] {Threei}  oh
[14:34] {Threei}  sorry... I tend to forget nemo is from Betelgeuse
[14:34] {nemo} This sound familiar...You want to know who you are, tell me who you
[14:34] {nemo} who your friends are
[14:34] {nemo} nah...shot me right out of Cygnus X-1
[14:36] {nemo} tndm woulda' been a good idea
[14:37] {nemo} that tck is basically non-stop since March
[14:39] {dino} utek
[14:42] {Threei}  WFC Exec: Company has yet to apply to repay TARP; attempting to repay TARP at earliest possible date (25.61, 0.22, 0.87%)
[14:42] {Threei}  ummm... may be today, SQNM... lol
[14:42] {nemo} you laughed at me :(
[14:43] {Threei}  4.48 is high from 05/04
[14:43] {Threei}  highest point it's ever been since big gap
[14:43] {nemo} and 14ish was when it collapsed
[14:44] {dino} pullback
[14:58] {jfjf64} just  got  back    look at sqnm   wow    ya called  it
[14:58] {nemo} vad, kick pru fir dino
[14:58] {Threei}  thought we had a day or two for accumulation
[14:59] {Threei}  which way pru?
[14:59] {nemo} thought you already did it
[15:00] {dino} out wynn .55, +.30
[15:02] {dino} up vad
[15:02] {Threei}  lol
[15:02] {Threei}  good thing I kicked right way before asking
[15:02] {nemo} ready, fire, aim
[15:03] {dino} can't get thru .50
[15:03] {nemo} ppt in 20 minutes, just wait :)
[15:03] {Threei}  which way? {G}
[15:05] {dino} strange, just had a call from sirf tech, about proxy
[15:07] {dino} snda up to old tricks
[15:10] {Threei}  one more interesting cheapie making a move today: RFMD
[15:10] {jfjf64} hvy vol
[15:19] {dino} bth sm l .19
[15:22] {nemo} I'm 2mor O
[15:22] {nemo} frickin' sqnm
[15:22] {larisa} bye :)
[15:23] {dino} cya larisa
[15:23] {larisa} it was bye to nemo, but thank you  :)
[15:27] {dino} lol, well consider it prepaid
[15:27] {larisa} :)
[15:28] {Threei}  SQNM starts looking like 5
[15:30] {vinod} Yes, I missed it. always tomorrow?
[15:31] {_levelseven} test
[15:31] {Threei}  let's hope it gives us pullback
[15:31] {KSystems} welcome levelseven!
[15:31] {KSystems} we've been waiting for you!
[15:31] {_levelseven} looked like you might have been waiting a long time for me to type the correct pw
[15:31] {dino} yes welcome l7
[15:31] {KSystems} last 30mins we're entering
[15:31] {_levelseven} hi dino
[15:32] {KSystems} lets see if cards are gonna be shuffled again
[15:32] {jfjf64} axp  .90 break  for  me
[15:32] {Threei}  vinod, you weren't here at the moment of original call on SQNM?
[15:32] {Threei}  5
[15:34] {vinod} I was not here.
[15:34] {Threei}  BAC US House Committee subpoenas Federal Reserve over BoA/Merrill merger; with regards to securing documents in merger (12.05, -0.01, -0.08%)
[15:34] {Threei}  ugh... too bad :(
[15:34] {Threei}  knowing you, I don't doubt you would be all over it
[15:34] {vinod} I accepted this is going to be this way because of my job
[15:35] {Threei}  yeah
[15:35] {Threei}  and it was called for all tastes... as a scalp, as day trade and as a swing
[15:35] {dino} job? what do you do?
[15:35] {vinod} I am a hardware engineer server expert
[15:36] {dino} out pru .45, +.20
[15:36] {_levelseven} anyone play GORX today?
[15:36] {dino} cool vin
[15:36] {vinod} dino-I manage 1400 server all make and model
[15:37] {dino} wow, bright guy
[15:37] {Threei}  no l7
[15:37] {jfjf64} axp 1/1
[15:37] {Threei}  we generally avoid srocks under $1
[15:37] {jfjf64} 27 should blast off
[15:37] {vinod} thanks dino
[15:38] {dino} i do this, and flip r.e.
[15:39] {jfjf64} big fight at 27
[15:39] {Threei}  absence of any resistance till above 10 for SQNM shows
[15:39] {Threei}  nothing but air
[15:40] {vinod} might hit 6 today SQNM
[15:40] {Threei}  20 min left
[15:40] {Threei}  seems a buit extreme :})
[15:41] {Threei}  tomorrow though, quite possible
[15:42] {KSystems} we should have music in here
[15:42] {jfjf64} that was great call sqnm  this mornin  do  you  have  ya call there  
[15:42] {jfjf64} when ya posted it
[15:43] {Threei}  hmm?
[15:43] {Threei}  I need my decoder ring
[15:43] {larisa} just quote yourself again :)
06[15:43] * KSystems pushed a babelfish into 3i's ear
[15:43] {Threei}  rofl
[15:43] {jfjf64} that  quote  should go  in ya next book    lol
[15:43] {dino} ks music in my office all day
[15:44] {dino} bwld sm l .50
06[15:44] * Threei slaps KSystems around a bit with a large well-known electornic book with huge letters DON'T PANIC on the cover
[15:44] {KSystems} :))))
[15:45] {KSystems} Oh freddled gruntbuggly...
[15:46] {Threei}  well guys... I am not too jazzed to call overnight on SQNM after such run,
[15:46] {Threei}  but definitely something for tomnorrow
[15:46] {Threei}  hopefully it doesn't just gaps and runs on us
[15:46] {dino} bth stopped -.20
[15:46] {Threei}  RFMD is definitelt candidate too
[15:48] {Threei}  (US) Treasury Sec Geithner: Global crisis is receding a bit, encouraged by signs in demand and confidence data
[15:48] {Threei}  - G8 agenda will be recovery and reform, meeting to mainly be about taking stock. (related EUR/USD GBP/USD USD/JPY TLT SHY )
[15:49] {jfjf64} gn all
[15:49] {Threei}  take care jf
[15:49] {vinod} see you tomorrow
[15:50] {Threei}  watch SQNM for possible pullback
[15:50] {dino} cya jf, vin
[15:50] {Threei}  if profittaking hits for real, it may give pullback big enough for safer entry for overnight
[15:50] {Threei}  4.50, I would grab
[15:50] {jfjf64} hmm
[15:51] {larisa} see you later all :)
[15:51] {Threei}  larisa :)
[15:51] {fernp} good evening all. see u tomorrow
[15:51] {Threei}  taje care fern
[15:51] {_traderw} good evening all!
[15:52] {Threei}  traderw :)
[15:54] {dino} out bwldv .56, +.06
[15:54] {dino} cya trader
[15:54] {dino} fernp
[15:54] {Threei}  no pullback
[15:54] {dino} bwld no fill sorry
[15:56] {Threei}  okay guys, thank you all
[15:57] {Threei}  have a good evening, see you tomorrow
[15:57] {dino} bth rinsed
[15:57] {dino} cya 3i

Monday, June 8, 2009

Jun 08 2009

One word: boring

Session Time: Mon Jun 08 00:00:00 2009

[08:06] {Threei}  MITI Blinatumomab Achieves Primary Endpoint in Phase 2 Study with Acute Lymphoblastic Leukemia Patients
[08:06] {Threei}  - Announced that the German Multicenter ALL Study Group (GMALL) presented phase 2 clinical data
[08:34] {vinod} good morning--nemo
[08:35] {nemo} vinod :)
[08:35] {Threei}  vinod, nemo :)
[08:36] {vinod} good morning vas i though it is early for you?
[08:36] {vinod} lets make it best week ever!!!!!!!!
[08:37] {KSystems} Good morning
[08:38] {Threei}  KS :)
[08:38] {nemo} morgen
[08:38] {Threei}  I like the red vinod
[08:38] {Threei}  we need pullback
[08:38] {Threei}  this slow creep leaves too few opportunities
[08:39] {cosmo} unless you like naps...
[08:39] {vinod} This Sunday I fixed some server at PMTI, their new product going to fly sold by J&J
[08:39] {Threei}  I don't... neither I dislike them... they are natural part of life
[08:41] {vinod} lost connection
[08:41] {cosmo} natural?  ....k be that way then...
[08:50] {pita} morning all
[08:50] {Threei}  pita, larisa :)
[08:51] {larisa} good morning :)
[08:51] {pita} happy Monday
[08:52] {Threei}  what's with SLM
[08:52] {Threei}  I don't see anything fresh
[09:03] {Threei}  20 min ago:
[09:03] {Threei}  ANPI Granted FDA 510(k) clearance of the Option Inferior Vena Cava Filter
[09:03] {Threei}  - FDA has granted 510(k) clearance for the Option Inferior Vena Cava (IVC) Filter in the United Stat
[09:06] {ese} good morning
[09:07] {Threei}  ese :)
[09:07] {ese} things are lookin glum
[09:09] {fernp} good morning all
[09:09] {ese} fern
[09:09] {Threei}  fern :)
[09:18] {vinod} Little bear market inside bear market rally of a bull market—something like that going on
[09:19] {Threei}  lol
[09:19] {nemo} that hurts trying to think about it
[09:19] {ese} hmmmm news seems slightly up Canadian housing starts ..slightly up...Janpanese Bankrupcies...slightly down...Swiss unemployment ...slightly down etc etc....
[09:19] {dino} gm all
[09:19] {Threei}  dino :)
[09:19] {ese} dino
[09:19] {nemo} dino :)
[09:19] {ese} most everthing on the positive side
[09:19] {pita} hey dino
[09:21] {vinod} everything is not worse than expected
[09:21] {dino} :)
[09:22] {ese} indeed
[09:22] {Threei}  (CA) Reportedly Province of Ontario to issue USD 5-year benchmark bond
[09:25] {Threei}  watching SLM and ANPI
[09:28] {Threei}  IMF's Strauss Kahn: Are moving ahead to build early warning system that will be used to avoid future crises (related EUR/USD )
[09:28] {Threei}  good luck
[09:28] {Threei}  VITA Receives FDA Clearance for CORTOSS Bone Augmentation Material in Treatment of Vertebral Compression Fractures (4.39, 0.00, 0.00%)
[09:29] {Threei}  halted
[09:33] {Threei} Long Setup:  ARQL  .54 half lot
[09:34] {Threei}  if stays above .35
[09:34] {nemo} How do you play that, try to catch it as .54 is about to break?
[09:34] {Threei} Long Setup:  SLM  .40 break
[09:34] {Threei}  if stays above .30
[09:34] {Threei}  yes, trying to hit as .54 starts scrolling
[09:35] {Threei}  not being first to buy
[09:35] {Threei}  modify SLM
[09:35] {Threei}  .36 long
[09:36] {Threei}  double bottom aggressive play with very tight stop ubnder .30
[09:36] {Threei}  invalidated
[09:37] {ese} fitb going against the grain
[09:37] {nemo} dino...ceph
[09:37] {jfjf64} luv it ese   .12  long
[09:38] {jfjf64} mornin all
[09:38] {Threei}  jf :)
[09:38] {ese} i;m thinkin .10
[09:38] {dino} ceph, not thrilled was down hard friday so...
[09:39] {ese} nice litle consolidation here
[09:39] {jfjf64} in
[09:39] {ese} L .11
[09:39] {dino} wynn, bwld, joyg
[09:39] {ese} out .19
[09:39] {jfjf64} half oot
[09:40] {Threei}  double bottom setup is back on SLM, only stop would have to be under .25
[09:40] {ese}  on 5k
[09:40] {nemo} beak VAD?
[09:40] {Threei}  good job
[09:40] {ese} nice jf
[09:40] {nemo} break
[09:40] {Threei}  same .36 trigger
[09:40] {ese} +.08
[09:40] {nemo} k
[09:41] {ese} 5k
[09:41] {jfjf64} nice
[09:41] {ese} nice source of income this stock
[09:41] {ese} are you out jf?
[09:41] {jfjf64} n
[09:42] {jfjf64} yes now
[09:42] {ese} good one
[09:42] {jfjf64} +.10   +.03
[09:42] {Threei}  SLM Strength attributed to positive pre-market note from William Blair analyst (7.35, 0.74, 11.20%)
[09:43] {ese} nicee
[09:43] {jfjf64} slm  turn
[09:44] {jfjf64} ty ese   brought  it to  field   
[09:46] {ese} field of battle?
[09:46] {jfjf64} get ready slm
[09:48] {jfjf64} .35 bein stubborn
[09:48] {Threei}  good
[09:48] {Threei}  reinforces the trigger
[09:49] {nemo} in
[09:49] {jfjf64} in
[09:49] {nemo} did I boo boo
[09:49] {nemo} ?
[09:50] {Threei}  ??
[09:50] {Threei}  irt broke, didn't it
[09:50] {nemo} yeah, I'm in
[09:50] {Threei}  so what';s the problem?
[09:50] {nemo} history
[09:50] {nemo} :)
[09:52] {dino} palm
[09:53] {Threei}  Sunday, June 07, 2009 6:42:17 PM
[09:53] {Threei}  Palm, Inc MSNBC comments on early demand trends for the "Pre" released exclusively for Sprint this weekend
[09:53] {Threei}  - According to MSNBC, the lines were much shorter than those that developed around Apple stores for its first iPhone 2 years ago.
[09:53] {Threei}  - A Sprint spokeswoman said late Saturday that Sprint had sold out of Pre phones at a number of different locations around the US and that the company was doing its best to restock stores.
[09:53] {Threei}  A related report from noted that hours after the Pre went on sale on Saturday, retailers started reporting shortages of the devices and were adding customers to waiting lists.
[09:53] {Threei}  - added that one report disclosed that 1 Sprint store in San Francisco sold 60 Pre devices within 2 hours.
[09:54] {dino} good news is bad i guess
[09:55] {Threei}  well, at the same time:
[09:55] {Threei}  ** Note, weekend FT report cites early positive reviews from critics, but also sees entering a "crowded" smartphone market from a "standing start" as a big challenge. Report mentions marketing and "app store" development costs falling on the company; also sees success of the launch being hindered by exclusivity to Sprint, which is perceived as 2-nd tier in quality wireless network. Suggests the initial report on demand for Pre could determine if the company will remain independent or be acquired by a larger smartphone player
[09:55] {ese} whats this device?    phone?
[09:55] {Threei}  yeah
[09:55] {Threei}  no worky SLM
[09:56] {Threei}  startyed climbing nicwely, then fell off a cliff
[09:56] {pita} head fake?
[09:57] {Threei}  no idea
[09:58] {pita} q's also down
[10:00] {jfjf64} slm?????????
[10:00] {Threei}  ???????
[10:00] {nemo} got faked oub by that retest
[10:00] {ese} l fitb .18
[10:01] {Threei}  VITA opens
[10:02] {Threei}  not much enthusuasm on it
[10:02] {nemo} frickin slm
[10:03] {Threei}  shakeout
[10:04] {nemo} yeah, double bottomed on us
[10:04] {ese} out fitb ..24
[10:04] {ese}  =}06
[10:04] {ese} +.06
[10:04] {fernp} gj ese
[10:04] {ese} tks
[10:05] {ese} me thinks this could shoot for the stars today
[10:05] {ese} opps missednext entry
[10:06] {Threei}  US Congressional Replicans reportedly oppose the 'public option' for health care (related IYH )
[10:10] {Threei}  US Congressional Republicans formally declare opposition to the 'public option' for health care in letter to President Obama
[10:10] {Threei}  - state that public option will harm private coverage
[10:10] {nemo} ceph dino
[10:10] {dino} sm l pnra .05
[10:11] {dino} not liking it nemo
[10:11] {dino} sm l titn .25
[10:11] {nemo} no, it moved alot this morning
[10:11] {nemo} stops dino
[10:12] {ese} waitin on fitb pullback
[10:12] {dino} titn .97, pnra .73
[10:12] {dino} fdo holds well
[10:12] {pita} to where ese, fitb?
[10:12] {dino} i want palm l, not sure where
[10:13] {ese} not sure pita
[10:14] {ese} .just above .20 i'm thinkin
[10:16] {ese} l fitb .25
[10:17] {dino} mkt not cooperating
[10:18] {dino} enoc drop, thinny
[10:18] {dino} kirk
[10:19] {Threei}  SLM{ that was rude
[10:19] {dino} hans watch, was down 4 0r 5 friday
[10:21] {dino} pru
[10:22] {ese} out fitb .30
[10:22] {dino} titn stopped -.29
[10:23] {ese} +.05 smaller 3k
[10:27] {Threei}  HRAY Shares halted; news pending
[10:31] {Threei}  VNDA Hearing shares trading higher on the back of takeover chatter (13.40, 0.50, 3.88%)
[10:32] {Threei}  contemplated 13 break long just a few min ago
[10:33] {dino} pnra stop to .45
[10:35] {dino} to .49 mkt falling
[10:37] {dino} out pnra .47 ave., +.42
[10:40] {dino} vrsn
[10:40] {nemo} look at pnra dino, hit your stop and turned
[10:41] {dino} yeah, i see it too tight
[10:41] {dino} vrsn sm l .94
[10:42] {nemo} stop lod dino
[10:42] {dino} .72 imo
[10:44] {ese} could be a good up day today....
[10:45] {nemo} slm  really rude
[10:46] {Threei}  no kidding
[10:46] {Threei}  this thing turns into runner
[10:46] {Threei}  let's trail ARQL stop to under .45
[10:46] {Threei}  don't like the way it stalled
[10:47] {dino} dxcm
[10:47] {dino} ?
[10:48] {Threei}  nothing fresh
[10:49] {Threei}  CNBC mention
[10:51] {ese} L fitb. 36  aggressive entry
[10:52] {jfjf64} .40 for me ese   lets go
[10:52] {ese} this will break....just a matter of time
[10:53] {jfjf64} fas goin
[10:54] {Threei}  FITB doesn't follow this time
[10:54] {jfjf64} weird
[10:56] {dino} vrsn stopped -.22
[10:56] {ese} yup
[10:57] {ese} i'm small 1500 so my stop is a litle wider
[10:58] {ese} break of .40 is still a good bet here
[10:58] {jfjf64} thinkin .35 now   with  fas
[10:58] {Threei} Short Setup: CAT  .40 break
[10:59] {jfjf64} in cat
[10:59] {nemo} in where stop
[11:00] {Threei}  for scalp, above .50, for day trade above .60
[11:02] {vinod} in cat
[11:03] {Threei}  low volume on bounce
[11:04] {vinod} nemo kick CAT to go under 37
[11:04] {Threei}  As many as nine banks could be on the short list to return TARP funds - CNBC (related XLF )
[11:05] {jfjf64} vad  banb this cat over head
[11:05] {Threei}  my quotes stalled
[11:06] {Threei}  where is it now?
[11:06] {nemo} .41
[11:06] {nemo} .42
[11:06] {nemo} .43
[11:06] {dino} cat 37.43
[11:06] {nemo} 44
[11:06] {nemo} 43
[11:07] {nemo} 43
[11:07] {nemo} 42
[11:07] {Threei}  restored now
[11:07] {Threei}  asheesh SLM
[11:07] {Threei}  1:1 for scalpers CAT
[11:08] {nemo} ty
[11:08] {fernp} ty
[11:08] {jfjf64} ty
[11:08] {Threei}  everyone's scalper?
[11:08] {vinod} ty
[11:08] {Threei}  sigh
[11:08] {nemo} today not too clear yet
[11:09] {Threei}  I know exactly what time it's going to become crystal clear
[11:09] {nemo} never
[11:09] {Threei}  why... 4 pm EST
[11:13] {vinod} short CAT again?
[11:14] {dino} pru sm l .45
[11:15] {jfjf64} cof .60  long
[11:15] {dino} fdo sm l .60
[11:15] {Threei}  not sure vinod
[11:15] {Threei}  kind of 50/50
[11:15] {dino} joyg
[11:21] {dino} joyg sm l .55
[11:22] {nemo} stop on joyg dino?
[11:23] {dino} .23
[11:31] {Threei}  Goldman US Economist: Worst of US banking crisis is 'clearly over'; banks may need to recognize $500B in additional losses
[11:31] {Threei}  - Comments that the Fed is not anywhere near raising interest rates; deflation risks higher than that of inflation risks
[11:31] {Threei}  - Sees rates remaining 'extraordinarily low'
[11:33] {Threei}  11:19 HRAY Shanda Interactive to take 51% stake in company; at $4/ADS; valued at $46.2M
[11:33] {Threei}  - The offer price represents an approximately 25% premium over Hurray!''s closing price on
[11:34] {nemo} looks like scalpin was the thing to do on cat
[11:34] {Threei}  obviously
[11:35] {nemo} Can I put the "O" on my chest?
[11:35] {Threei}  not that I am against scalping as you know... but I have to express obligatory disgust with pesky scalpers
[11:36] {nemo} natural reaction
[11:37] {ese} my fitb stop is .15 jf....whats yours
[11:41] {Threei}  SLM dive
[11:42] {Threei}  under .60 should be interesting for a bounce
[11:43] {Threei}  did it actually go there or it was out of bounds print?
[11:44] {nemo} tail on candle goes to .55
[11:44] {Threei}  I see tail, I didn't want prints at the moment while typed alert
[11:44] {nemo} two different sources
[11:44] {Threei}  so not sure it actually went there
[11:44] {Threei}  didn't watch
[11:44] {nemo} I checked charts from two different sources, went there
[11:45] {Threei}  sigh
[11:45] {Threei}  read what I am saying nemo :)
[11:45] {Threei}  chart may not be the answer
[11:46] {nemo} I understand.  I was just saying from two different data feeds there was evidence of transactions below .60  I didn't look for prints
[11:46] {Threei}  let it drop under .60 and look for it to stabilize near .50 or lower
[11:46] {Threei}  alternatively, if never loses .60, .67 becomes long trigger
[11:48] {Threei}  if you have out of bounds print at .55 while bids and offers never actually went there, it can be dismissed, even though it will be reflected by chart as a tail
[11:48] {Threei}  that's the reason for my question, not the doubt in tail's existence
[11:48] {nemo} understand
[11:48] {nemo} I think
[11:49] {dino} mnkd
[11:50] {dino} vrsn slow death drop
[11:53] {dino} pru stop to b/e mkt fall
[11:54] {dino} wow mnkd
[11:55] {nemo} cat short?
[11:56] {Threei}  toughie
[11:59] {fernp} my 1:1 on SLM is here. TY Vad
[11:59] {Threei}  :)
[12:00] {Threei}  took it near .60?
[12:00] {fernp} .61
[12:00] {dino} palm sm l .60
[12:03] {ese} stopped .15 -.21 quel drag!
[12:04] {dino} joyg stopped
[12:04] {ese} ohhhh welllll.....sometimes you are the bug.....sometimes you are the windshield
[12:05] {dino} lots of stops today
[12:05] {dino} tndm blood
[12:11] {Threei}  CAT starts shaping up a bit better
[12:11] {Threei}  if we get market breakdown, .60 break short
[12:11] {Threei}  ideally, would like to see CAT staying under .70
[12:13] {dino} pru stopped flat
[12:17] {Threei}  President Obama: Moderate pace of job losses in May is one sign of economic improvement (related EUR/USD TLT SHY )
[12:19] {ese} am back.......
[12:23] {nemo} stop on cat?
[12:24] {Threei}  above .70
[12:24] {nemo} yep
[12:26] {pita} cu all later
[12:26] {Threei}  take care pita
[12:27] {nemo} stopped
[12:30] {nemo} rude cat
[12:36] {Threei} Long Setup:  FITB  .16 if stays above .10
[12:41] {nemo} lower highs lower lows on cat with market climbing
[13:04] {dino} vrsn last try sm l .90
[13:07] {fernp} 1:1 FITB ty Vad
[13:08] {Threei}  FITB 1:1
[13:08] {Threei}  fern :)
[13:08] {ese} nice fern.....
[13:08] {ese} nice vad
[13:08] {Threei}  that was 'ese call", ese
[13:08] {Threei}  for many little buggers
[13:08] {ese} cool.....i am loved
[13:09] {dino}  gj
[13:10] {ese} and on that note i have to bid you all to the unreal world
[13:10] {dino} pru sm l .49
[13:10] {Threei}  lol... take care ese
[13:11] {dino} cya es
[13:11] {nemo} ese
[13:19] {Threei}  who is partialling out FITB, stop to under .20
[13:27] {Threei}  (US) San Francisco Fed: A jobless recovery is a plausible scenario
[13:27] {Threei}  ummmm
[13:27] {Threei}  okay...
[13:28] {Threei}  World Bank's Zoellick: Unclear where demand will come from to support global recovery; no need to add additional stimulus to worldwide economy
[13:28] {Threei}  from Mars?
[13:35] {dino} latvian debt crisis, failed to sell a single bill at treasury auction worth $100million
[13:35] {nemo} Iceland II
[13:36] {Threei}  yeah
[13:36] {Threei}  sad
[13:36] {Threei}  beautiful country
[13:36] {dino} eastern eurtopean debt crisis in making perhaps, keep in mind western eirope holds lots of that stuff
[13:37] {dino} rinse day, look at joyg, titn, pru
[13:37] {Threei}  Riga is one of my favorite cities
[13:37] {Threei}  amazing character
[13:43] {dino} enoc sm l .02 thin one
[13:48] {Threei}  ARUN decided to continue
[13:48] {Threei}  tough one, so slow
[13:49] {dino} palm stop to .89
[13:49] {dino} out +.29
[13:53] {Threei}  wtg
[13:56] {dino} ty
[14:06] {jfjf64} bk wkin  in anythn vad
[14:08] {Threei}  what?
[14:08] {larisa} lol
[14:09] {larisa} just say no vad
[14:09] {Threei}  kay
[14:09] {Threei}  no
[14:09] {jfjf64} i was away   are  we  in anythin
[14:09] {Threei}  no
[14:09] {Threei}  FITB played out
[14:09] {jfjf64} ty larissa
[14:09] {larisa} :)
[14:10] {jfjf64} :)
[14:11] {jfjf64} im watchin cof  anytin there vad
[14:14] {Threei}  nah
[14:15] {jfjf64} i agree
[14:18] {dino} vrsn stopped done w/it
[14:29] {Threei}  time to start measuring the degee of day's boredom in bruises on the chin
[14:30] {Threei}  today is about three ruises
[14:30] {Threei}  bruises
[14:30] {Threei}  XOMA Hearing Wedbush making positive comments (timing uncertain)
[14:35] {dino} out pru .79, +.30
[14:38] {dino} gtls
[14:44] {Threei}  SLM... hmmm
[14:44] {Threei}  oh
[14:44] {Threei}  Cramer
[14:44] {dino} sm l gtls .05
[14:45] {Threei}  {--- quietly back away
[14:45] {nemo} back away from what?
[14:45] {nemo} slm
[14:45] {nemo} ?
[14:45] {Threei}  what else did I talk about??
[14:46] {nemo} Just avoiding assuming
[14:46] {nemo} confirming
[14:46] {nemo} it'll be a nice short soon
[14:46] {dino} bcpc
[14:46] {Threei}  well... if I talk about SLM, it's not a very big leap of faith to assume that I mean SLM {G}
[14:46] {vinod} I shoeted CAT at 27.98
[14:47] {vinod} 37.98
[14:47] {nemo} I was going to say, did you cover?
[14:48] {vinod} will cober at 38.10
[14:51] {vinod} doesn't look good, so much for my skill
[14:51] {nemo} what's your stop?
[14:51] {nemo} oh yeah
[14:51] {nemo} nevermind
[14:52] {nemo} sfsg vinod
[14:59] {Threei}  (US) California Gov Schwarzenegger issues executive order cutting state budget; state cannot meet payment obligations after 7/29
[14:59] {Threei}  - state to eliminate funding for all contracts entered into after March 1;
[15:00] {Threei}  cuts exclude public safety funding.
[15:00] {Threei}  - also requires govt departments to submit budget plans that reduce future spending on contracts by a minimum of 15%.
[15:03] {nemo} mmmmmhhh...maybe slm is a good short used to take a few days for a cramer comment to pull back
[15:04] {dino} lol
[15:08] {nemo} interesting action in gtls
[15:09] {dino} :)
[15:12] {dino} stop to .46
[15:13] {dino} to .50
[15:14] {dino} to .59
[15:15] {dino} slipped ave .58, +.53
[15:15] {Threei}  15 points NQ whole day range
[15:15] {nemo} I think you said that Friday?
[15:17] {Threei}  arre we alloed to have just one 15 points range day a year?
[15:17] {nemo} just remarking
[15:20] {vinod} look likw we will closed green
[15:22] {Threei}  possibly... but I don't really see candidates to trade
[15:22] {dino} not mucvh today
[15:23] {dino} ppt in action
[15:24] {vinod} ys, big buy order
[15:30] {nemo} that
[15:31] {nemo} that's impressive...slm retrace 76% of the Cramer Effect
[15:32] {dino} oiut enoc .42, +.40
[15:33] {dino} fdo to .90out fdo .91, +.31
[15:33] {dino} all day for 31 cents sheesh
[15:34] {nemo} basically $50/hr...pitiful
[15:34] {dino} lol
[15:36] {vinod} today I am 0/hr. should have gone long CAT at 37.30
[15:37] {larisa} like vad said, closer to 4 pm, clearer it gets :)
[15:38] {patience} down day for me, 1 trade....summer is here
[15:39] {nemo} me too 1 for 3
[15:40] {dino} up here but 200 light
[15:40] {vinod} tomorrow vad need to broadcast before 9.or forecast. no more closer to 4.00
[15:40] {dino} 6 stops 
[15:41] {Threei}  I caan tell you today
[15:41] {Threei}  tomorrow we will start with gap down but finishin green
[15:41] {larisa} how green ?
[15:41] {Threei}  light green
[15:41] {patience} god spoke to you vad?
[15:42] {vinod} tomorrows foreast can't be broadcast today
[15:42] {dino} vad is from the future
[15:42] {nemo} $200 mean below target?
[15:42] {dino} yes
[15:43] {larisa}  you have $ target for a day? i wanna know how it works :)
[15:43] {nemo} $200 short on $20k, statistical :)
[15:43] {larisa} or it just mean once it met you go easy ?
[15:44] {dino} i want to average $700/day ,. i have been averaging under lately, roughly $550/day 
[15:44] {dino} yes once over 700, i get very stingy
[15:44] {larisa} got it
[15:45] {dino} nice thing tho, up 33 of 35 trading days
[15:45] {larisa} what your ave size dino ?
[15:45] {larisa} good job!
[15:45] {patience} very nice dino
[15:46] {dino} 400 mostly, friday afternoons in scalp mode to 1000; and really thin/wild ones 300
[15:46] {larisa} ty
[15:46] {dino} np, i trade small compared to most. but works ok for me
[15:47] {Threei}  will watch ARUN tomorrow
[15:47] {dino} i just need more trades
[15:47] {larisa} smaller lets you go for bigger risk/rewards and do not sweat
[15:48] {dino} yes, wider stops than most, plus i average roughly 1:1.5
[15:49] {dino} as 3i will tell you, a million ways to trade, find what works for your style/edge
[15:49] {larisa} I scalped VRSN today, did not want to tell you sinse it did not work for you, got .15. thanks
[15:50] {dino} oh, the wider stop is in cents, average loss is usually under $150
[15:50] {dino} gj larisa
[15:50] {larisa} lately big losers bounce late in the day
[15:50] {dino} good market fr my style
[15:51] {vinod} see you all tomorrow
[15:51] {dino} cya vin.
[15:51] {Threei}  Clinton on TV
[15:51] {dino} i have to go too, baseball game w/son
[15:52] {larisa} later :)
[15:52] {Threei}  nothing imnportant
[15:52] {Threei}  sharp drop FITB
[15:52] {Threei}  well, in tgerms of its todays range anyway
[16:00] {larisa} have a good evening all
[16:00] {nemo} gnite
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {fernp} good evening all

Friday, June 5, 2009

Jun 05 2009

Intraday hasn't presented many opportunities so the day was mostly done hanks to two overnight holds, XOMA and ARUN, both of which performed admirably

Session Time: Fri Jun 05 00:00:00 2009

[08:04] {Threei}  Good morning
[08:04] {Threei}  liquidated 4K XOMA
[08:04] {nemo} haroo
[08:04] {Threei}  1K left
[08:04] {Threei}  nice start of the day, +1,252
[08:04] {nemo} wow.what price
[08:05] {Threei}  1.40 - 1.44
[08:05] {nemo} guess I should have gone for a trade instead of a scalp
[08:05] {Threei}  it had all the makings of much more than a scalp
[08:06] {Threei}  13:32] {Threei} XOMA
[08:06] {Threei}  [13:32] {Threei} possibly for overnight hold
[08:06] {nemo} I remember, just shook me out on the scalp try
[08:06] {tomg} took xoma with you, vad, ty
[08:06] {Threei}  tom :)
[08:07] {Threei}  y second overnight, ARUN... just one little print but +.37
[08:07] {tomg} took arun, too
[08:07] {Threei}  let's hope this one repeats the XOMA performance
[08:08] {nemo} well, if futures are any indication, sky's the limit today
[08:10] {Threei}  whole bunch of numbers at 8:30
[08:10] {tomg} heb vad?
[08:11] {Threei}  I don't see fresh news n it
[08:13] {Threei}  there is application by HEB at FDA for a drug
[08:13] {Threei}  was delayed couple times
[08:13] {Threei}  should be decided upon any day
[08:14] {Threei}  so I guess it runs on specualtion that FDA nods
[08:14] {tomg} k, ty
[08:17] {Threei}  GMGMQ OPEL plans no US launch for models following Magna deal
[08:17] {Threei}  of course not
[08:18] {Threei}  US will be getting little green cars who no one will want to buy
[08:18] {magoo} morning
[08:19] {Threei}  hey mags
[08:19] {magoo} :)
[08:19] {magoo} news this morn that steve jobs retuyrning to ctive duty @ AAPL
[08:19] {magoo} active
[08:21] {nemo} should we be ready to trade anything if the jobs report is favorable/unfavorable?
[08:22] {Threei}  I don't undertand the question
[08:22] {Threei}  something sets up, we play
[08:22] {Threei}  nothing does, we don't
[08:25] {vinod} GM
[08:25] {Threei}  vinod :)
[08:26] {tomg} gnbt?
[08:27] {Threei}  nothing fresh, general bio mania
[08:27] {vinod} HEB flying again
[08:27] {Threei}  yeah
[08:27] {Threei}  one can take only so many stocks overnight
[08:28] {tomg} ty, out nvax yesterday 3.20, ty for help
[08:28] {Threei}  :)
[08:30] {Threei}  - Prior nonfarm payrolls revised from -539K to -504K
[08:30] {Threei}  MAY AVERAGE HOURLY EARNINGS M/M: 0.1% V 0.1%E; AVERAGE WEEKLY HOURS Y/Y: 33.1 V 33.2E
[08:30] {Threei}  - Average Hourly Earnings Y/Y: 3.1% v 3.1%e
[08:30] {Threei}  *MAY UNEMPLOYMENT RATE: 9.4% V 9.2%E
[08:31] {nemo} guess the recession is over
[08:34] {fernp} good morning
[08:34] {Threei}  fern :)
[08:34] {magoo} feels like mkts want to rip today
[08:46] {nemo} yeah, those job reports blew the futures right through the roof
[08:47] {Threei}  PIMCO's Bill Gross: Expects unemployment numbers to peak in Nov or Dec, doesn't expect Fed to raise rates any time soon (related EUR/USD TLT SHY )
[08:50] {Threei}  Reiterates that monthly job growth of 200K is needed to keep unemployment stable with new workers
[08:50] {Threei}  so far my XOMA exit looks brilliant
[08:50] {Threei}  although it can easily make me look stupid later on, lol
[08:51] {nemo} money in the bank...not stupid
[08:51] {nemo} in a bank can be very stupid
[08:58] {pita} greetings
[08:58] {Threei}  pita :)
[09:00] {chinggis} goodmorning
[09:01] {Threei}  chinggis :)
[09:03] {ese} good morniing.....ok thats a good vad....the grass is greener on the other side....funny
[09:03] {ese} good one
[09:09] {larisa} good morning :)
[09:10] {ese} I think vad is in the exercise room larisa
[09:10] {Threei}  ese, larisa :)
[09:11] {larisa} :)
[09:11] {ese} morning vad
[09:11] {Threei}  OK, dumped my ARUN +.30
[09:11] {Threei}  whole 1K
[09:11] {Threei}  XOMA exit looks better and better by the minute
[09:11] {Threei}  can I go home?
[09:12] {pita} @ 4pm Eastern
[09:13] {ese} i'm long Fitb .14 from end of day yesterday well ...i think about 3 ish
[09:13] {pita} I'm late this morning - looks like I've missed somethings again.......
[09:13] {Threei}  nice ese
[09:13] {pita} congrats ese
[09:14] {Threei}  pita, two overnight holds... XOMA and ARUN
[09:14] {Threei}  [15:55] {Threei} okay guys, I am doing what I haven't done in ages
[09:14] {Threei}  [15:56] {Threei} taking home not one but two stocks
[09:14] {Threei}  [15:56] {Threei} XOMA and ARUN
[09:14] {Threei}  [15:56] {Threei} XOMA is padded by selling half at 1:1
[09:14] {Threei}  [15:56] {Threei} ARUN is not
[09:14] {Threei}  [15:59] {Threei} bth broke 52 week highs and finish at the day high
[09:14] {Threei}  [16:00] {Threei} just in case something happens after the close, putting them for sale: XOMA at 1.45 and ARUN 7.25
[09:14] {pita} I've gotta figure out how to stay with this all day
[09:14] {Threei}  got 1.40 - 1.45 for 4K XOMA this morning and 7.30 for 1K ARUN
[09:15] {pita} very sweet
[09:16] {pita} but what have you done for me lately?  :)
[09:16] {Threei}  {--- crying, clamming up, moving to Tibet, enrolling in monastery
[09:19] {nemo} Now, now, Vaddy, don't let the Pain In the A.. hurt your fragile feelings.  PITA how could you do that to such a sensitive soul.....gag...puke...cough
[09:19] {pita} where's my crying towel?
[09:20] {ese} ahhh morning pita....nothing big.......all the good news in banks so i thought that i would get into fitb at the end of the day yesterday
[09:20] {Threei}  shhh nemo, don't spoil it for me... I just found all-female monastery
[09:20] {ese} it was more like 3 oclock
[09:20] {nemo} Whoa...let's go, I'm outta' here
[09:21] {ese} huh   really?
[09:22] {pita} anything left in FITB ese?
[09:23] {dptl} good morning all
[09:23] {Threei}  dp :)
[09:24] {vinod} sell on news, expecting market to go down by day end
[09:24] {jfjf64} mornin
[09:24] {Threei}  jf :)
[09:24] {Threei}  what news vinod?
[09:25] {nemo} jobs?
[09:25] {Threei}  oh
[09:25] {vinod} employment--they run upto it
[09:25] {ese} yes a couple of lots pita
[09:27] {pita} that's a big smile - good way to start the day for you and Vad.
[09:31] {dino} gm all
[09:32] {Threei}  dino :)
[09:32] {nemo} dino :)  hey, cah popped a bit then circled the drain
[09:32] {nemo} It's at 30.20 now
[09:32] {dino} tough one
[09:33] {dino} 29,30s is support last 2 days
[09:33] {nemo} oh yeah, woulda' been a head fake
[09:33] {vinod} vad-few day ago you mention TELK
[09:33] {dino} esi
[09:33] {dino} apol
[09:33] {dino} not participating, getting close to 89s on esi again. 
[09:34] {nemo} oooh apol.  yeech
[09:34] {Threei}  yes vinod
[09:34] {dino} you do realize 60k in jobs are these temp census takers
[09:34] {_traderw} goodmorning
[09:35] {Threei}  traderw :)
06[09:35] * nemo slaps chinggis around a bit with a large trout
[09:35] {Threei}  OK, out last 1K XOMA b/e
[09:35] {Threei}  made out like bandit on 9K, what's the point in nutruring this last little piece
[09:35] {nemo} psychological rationalization?
[09:36] {Threei}  I elect to call it stop trailing
[09:36] {nemo} works for me
[09:36] {dino} gj in any case
[09:36] {Threei}  ty
[09:36] {nemo} yeah, he cleaned up
[09:37] {nemo} his shoulder must be killing him
[09:37] {Threei}  US) White House Econ Advisor Romer: The rise in bond yeilds seen as a sign that confidence is increasing
[09:37] {Threei}  nah, shoulder is just fine
[09:38] {Threei}  who took ARUN but never exited, it startes moving
[09:38] {Threei}  keep stop under 6.95
[09:38] {Threei}  risk is negligible
[09:38] {ese} fitb crossed yesteredays high
[09:38] {Threei}  GMCR new highs
[09:39] {Threei}  HEPH Strength attributed to positive chatter about a potential partnership with MRK
[09:40] {Threei}  sheesh... any mention is enough to explode another little bio name
[09:44] {Threei}  ARUN ar 1:1
[09:44] {Threei}  take half or take scalp
[09:44] {vinod} I got trap in TELK and couldn't get out looks o.k now 3k
[09:45] {Threei}  partial out into this spike vinod
[09:45] {vinod} o.k thanks
[09:45] {Threei}  TELK can be very treacherous
[09:47] {Threei}  BAC Hearing Jim Cramer making positive comments on BoA, saying he " been warming up to this bank stock for quite some time" (12.00, 0.13, 1.10%)
[09:47] {vinod} out 1.37  in 1.06
[09:47] {Threei}  wtg
[09:47] {ese} out fitb .26 +.12
[09:47] {dino} gj guys
[09:48] {Threei}  hmmm... BAXC is dumping with market and not going with Cramer
[09:48] {Threei}  can market be bigger than Cramer??
[09:48] {Threei}  nah, it's silly
[09:48] {nemo} not his ego
[09:49] {ese} qqqq's tanking
[09:49] {dino} cramer kiss of death
[09:49] {fernp} fas tanking too
[09:49] {nemo} the C.K.D.
[09:49] {ese} naturally
[09:54] {dino} ceph
[09:55] {larisa} CAT nice bounces both ways today, 3 trades so far on it
[09:56] {larisa} {just trying to wake you guys up}
[09:57] {Threei}  watching WFC
[09:57] {Threei}  there should be a plaay in it
[09:57] {Threei} Long Setup:  WFC  .40 break if stays above .30
[09:58] {dino} sm risky l ceph .90
[10:00] {dino} fdo strange killed yesterday on upbeat report
[10:02] {Threei}  WFC setup is back
[10:05] {dino} ok open gaps filled
[10:06] {fernp} I hate WFC
[10:06] {Threei}  {WFC} oh don't say that :(
[10:07] {vinod} me too WFC
[10:07] {nemo} methree
[10:07] {larisa} tough one for me also, WFC, ignooring it mostly
[10:07] {Threei}  okay... what do you guys like?
[10:07] {larisa} you :)
[10:07] {vinod} money
[10:07] {nemo} vodka
[10:07] {larisa} lol
[10:07] {Threei}  rofl
[10:08] {dino} naked women
[10:08] {Threei}  I sholuld know better than ask such questions...
[10:08] {nemo} naked women are like fiat money...they come with liabilities
[10:09] {dino} when fate decides to destroy a man, she sends a woman
[10:09] {nemo} As I always say, if it weren't for them, we'd still be in the Garden of Eden
[10:09] {dino} no fun tho
[10:10] {nemo} Can't evaluate the result of a path not taken
[10:10] {vinod} why waiting Nemo
[10:10] {nemo} waiting for what?
[10:10] {Threei}  ARUN 1:2
[10:11] {vinod} path not taken take it and find out
[10:11] {tomg} have 100 left vad, good place to sell?
[10:11] {nemo} can't step in the same river twice Vinod
[10:11] {nemo} After we bit the apple, can't go back
[10:11] {dino} thats why i'm here vin
[10:12] {Threei}  I would put a stop under b/e at this point for the last piece tom
[10:12] {Threei}  and lwet it trade
[10:12] {tomg} ok, will do, ty
[10:13] {nemo} Vinod, nice call on the far
[10:14] {vinod} I learn from vad--play price and play oposite to heards
[10:15] {dino} you da man vin, gj
[10:15] {dino} someday you will be "untrusting" like me
[10:16] {vinod} dino-i trust you more than Boss!!!!!
[10:16] {dino} untrusting of market/stock moves
[10:18] {dino} cah sm l .70 holding well imo nemo
[10:18] {vinod} see you after 13.30
[10:18] {Threei}  take care vinod
[10:19] {dino} cya vin
[10:19] {dino} esi sm l .01 risky
[10:22] {Threei}  RIMM, watch for quick pullback to .50 - .60 zone for entry
[10:24] {Threei}  no chance eh
[10:26] {pita} zippo
[10:27] {pita} if we hurry, can get 83.50  :)
[10:27] {Threei}  lol
[10:27] {Threei}  AAPL looks rather weak here
[10:27] {Threei}  starts feedling like short candidate to me
[10:28] {Threei}  feeling
[10:28] {Threei}  how about that
[10:29] {Threei}  RIMM sharp down
[10:30] {Threei}  still interested in ewntry in that zone
[10:30] {dino} esi out .39, +.39
[10:31] {dino} ceph stop to .20
[10:32] {dino} to .25
[10:32] {dino} stingy friday
[10:33] {Threei}  US Labor secretary: rumor of job data error is false
[10:33] {nemo} pay no attention to the man behind the curtain
[10:34] {nemo} nothing to see here...just move along
[10:34] {dino} gmcr slayer of shorts
[10:34] {dino} middle name must be buffy
[10:34] {nemo} had a huge short interest
[10:35] {dino} ceph stopped .25, +.35
[10:35] {dino} sm l pnra .25
[10:35] {magoo} l aa[l
[10:35] {magoo} here
[10:36] {magoo} .24
[10:38] {Threei}  GMGMQ Penske Outlines Proposed Deal for Purchase of Saturn
[10:38] {Threei}  - Seeking to acquire up to 350 dealerships
[10:38] {Threei}  - GM would continue production, on a contract basis
[10:39] {dino} pmti
[10:41] {dino} iclkr spike
[10:41] {dino} iclr
[10:43] {magoo} aapl no work
[10:43] {dino} cah hard time at 30.00 again
[10:44] {nemo} strong resistance
[10:44] {dino} stop to .90
[10:45] {jfjf64} vad wfc  break
[10:45] {dino} pnra as my daughter would say, trouble w/capital t at 52.50
[10:46] {Threei}  I donno jf, I am getting yelled at for calling WFC
[10:47] {larisa} lol
[10:47] {nemo} yeah, Vad starts thinking about WFC and it drops
[10:49] {dino} .lol
[10:52] {dino} cah to .99
[10:52] {dino} out +.29
[10:53] {nemo} whoa HEB did the Acapulco
[10:55] {Threei}  US VP Biden: Administration will announce plans on Monday to help increase the economic recovery for the summer
[10:55] {dino} pmti continues up
[10:56] {dino} ceph drops again
[10:56] {nemo} was there news on pmti?
[10:57] {dino} yes wrinkle eraser to otc status
[10:57] {nemo} go figure
[10:57] {Threei}  I don't see HEB news
[10:57] {Threei}  want to short it badly
[11:01] {dino} false hope on old data yahoo heb
[11:05] {dino} esi .00 v sm l
[11:06] {pita} nice call dino
[11:07] {dino} ty lucky
[11:09] {ese} L fitb .35 pullback
[11:09] {dino} pnra stop to .70
[11:19] {dino} pnra to .78
[11:21] {dino} out esi .60, +.60
[11:21] {larisa} gj
[11:22] {dino} pnra to .89
[11:22] {dino} ty larisa
[11:23] {dino} out pnra .90, +.65
[11:25] {dino} nemo you catch any of those 5
[11:26] {larisa} I did CEPH, but off the bottom and sold under 57. ty dino
[11:27] {dino} gj
[11:27] {dino} brb
[11:30] {ese} I think i'm in wrong.....thought that if fitb broke the high it might keep going.....hmmmmmm
[11:30] {ese} haven't hit the stop so we'll see
[11:32] {ese} just looked at your trade laris ....good job
[11:33] {larisa} sold early, but i always do that, no patience :)
[11:34] {dino} going to take a break and get a haircut, back in 30
[11:34] {ese} i sell early too on some runups....vad does portions 1/2 1/2, 1/3 1/3 1/3,   that may be an option
[11:36] {larisa} not for me, do not like partial in or out, just personal pref. 
[11:36] {Threei}  well, it's not like I always do that
[11:36] {Threei}  it's just that we are in market rally mode
[11:36] {Threei}  so I am trying to milk the moves more
[11:37] {larisa} I understand and it makes sense 
[11:39] {ese} ya.....i'm an all in all out type as well
[11:40] {ese} mostly because most of the trading i do now is scalping......05 .12 .08 etc etc...makes no sense to hang around for me
[11:41] {larisa} I only can read the stock for next several min and 10-15 cents possible. So i do that :) Can not  play big shares too, it makes me sick. So I am cheap scalper :)
[11:41] {ese} and of not prove a point.....i'm not really scalping fitb right now
[11:41] {larisa} 1K is all i do, 500 on RIMM or AMZN
[11:41] {larisa} lol ese
[11:43] {larisa} I actually liked your entry on FITB, just time worked against the trade 
[11:58] {Threei}  IMMU Reports Updated Phase II Results of Low-Dose Veltuzumab for Immune Thrombocytopenic Purpura
[11:58] {Threei}  - 68% overall response rate in patients with immune thrombocytopenic purpura (ITP) treated with low ... (32.68, -3.87, -10.59%) more...
[11:58] {Threei}  a FEW MIN AGO
[12:00] {dino} .
[12:01] {larisa} nice haircut :)
[12:01] {Threei}  lol
[12:06] {dino} glad it pleases you ;)
[12:07] {larisa} I hope your hairdresser is as cute as mine. 
[12:08] {dino} barber shop, but she is cute
[12:37] {dino} hans
[12:37] {dino} i don't see any news on it
[12:39] {Threei}  neither do I
[12:40] {Threei}  (US) NBER: "Way too early" to call the end of recession in the US, although there are signs of stabilization
[12:40] {Threei}  - Notes it will wait "a long time" before declaring the recession over, unclear whether the economy is pausing in a longer term decline
[12:47] {Threei}  bios are taking a breather
[12:47] {ese} fitb missed my stop by a cent
[12:47] {Threei}  feels like we are to have more upward today
[12:47] {Threei}  so trying to see which sector is going to lead
[12:47] {jfjf64} lets wake um up
[12:48] {Threei}  let's
06[12:48] * Threei slaps laserdave around a bit with a large alarm clock
[12:48] {Threei}  ADBE consolidates near the high
[12:49] {dino} hans sm l .75
06[12:52] * magoo slaps laserdave around a bit with a large trout
[12:52] {laserdave} ye haw i ams getting somes attentions
[12:53] {Threei}  only as much as we need strawdog
[12:53] {dino} ye haw, that deserves a slap
[12:54] {Threei}  well?
[12:55] {Threei}  dino? what are we waiting for?? :)
[12:56] {dino} pmti little spike again
[12:57] {dino} sllllllllllllllllaaaaaaaaaaaaaappppppppppppiiiiiiiiiiiiiiinnnnnnnnng dave around
[13:00] {dino} pmti hod
[13:02] {Threei}  ADBE looks nicer and nicer
[13:02] {Threei}  let's be ready for market ramp-up if it comes, by defining setup on ADBE
[13:02] {Threei}  .33 is obvious long trigger
[13:02] {Threei}  observing where the support forms
[13:03] {Threei}  so far .22, ut let's consider it .20
[13:03] {dino} wow pmti
[13:04] {Threei}  wow indeed
[13:04] {dino} give me a top on it 3i
[13:05] {dino} 17.80s or 18.50
[13:05] {ese} see ya all.....have a great off to a sound check for a show tonight..take care
[13:05] {dino} cya es
[13:05] {KSystems} take care ese, have fun
[13:05] {ese} see ya boyzzzza
[13:05] {Threei}  take care ese
[13:07] {larisa} PMTI all because of anti-wrinkle device ? :) people are so crazy
[13:07] {Threei}  why, because we men can't stand having wrinkles we are crazy??
[13:08] {larisa} of course, go read the book instead :)
[13:08] {Threei}  but that adds those eye-corner ones!!
[13:09] {dino} i think it needs to be shorted
[13:09] {pita} my wrinkles are beyond repair... and on that note, cu all Monday
[13:10] {dino} cya pita
[13:10] {Threei}  take care pita
[13:14] {dino} final leg
[13:19] {Threei}  tom, if you are here... and anyone who might still have ARUN
[13:19] {Threei}  at this point I would ytrail stop to under 7.20,
[13:19] {Threei}  and aimed to exit on a spike above 7.50
[13:35] {jfjf64} we in anythin vad    just  got  back
[13:35] {tomg} ty vad
[13:35] {Threei}  no jf
[13:35] {Threei}  tom :)
[13:36] {dino} hans stop is .47 fwiw
[13:37] {jfjf64} adbe??
[13:38] {Threei}  nah
[13:38] {jfjf64} ty
[13:38] {Threei}  invalidated, not reestablished
[13:56] {Threei}  this market's abil,ity to fall in coma for hours lately exceeds even mine
[13:57] {dino} i have to agree, mid afternoon has been slow
[13:58] {jfjf64} ya in wrong buiz   ya sd be  stand  up  comedian     lol
[13:58] {Threei}  I tried to pursue that
[13:58] {Threei}  guess what
[13:58] {Threei}  the only one who laughed was Seifled... and not with me, rather at me
[13:59] {dino} as long as there is laughter
[13:59] {jfjf64} correct
[13:59] {larisa} we suppose to know who Seifled is ?
[13:59] {Threei}  sigh
[14:00] {dino} ahhh, on that one, yes larisa
[14:00] {Threei}  SeiNfield... better?
[14:00] {larisa} sigh
[14:00] {Threei}  don't sigh at me... learn Threeish
[14:01] {larisa} no way
[14:01] {larisa} keep learning too many things, getting older, tired :)
[14:02] {Threei}  you mean you are over 23 now?
[14:03] {larisa} almost
[14:04] {dino} hans stop to .79out +.04 mkt drop don't like
[14:05] {Threei}  if market continues down... WFC .80 break short
[14:05] {Threei}  those who hate it - your chance to express it by shorting
[14:16] {fernp} have a good weekend all. see you on monday
[14:16] {Threei}  take care fern
[14:16] {dino} cya fernp
[14:38] {Threei}  ba bck in 15
[14:46] {dino} ogxi again
[14:46] {dino} ceph sm l .00
[14:51] {Threei}  why don't we just buy OGXI and forget abut it for a week
[14:52] {Threei}  it will go up forever anyway
[14:55] {dptl} have a good evening all
[14:55] {dino} i think you should buy about 25k shares of it for experiment
[14:56] {Threei}  take care dp
[14:56] {dino} cyadp
[14:57] {dino} hans drop
[15:00] {Threei}  APRIL CONSUMER CREDIT: -$15.7B V -$6.0BE
[15:04] {larisa} it must be 16, not 6, I almost shorted everything :)
[15:05] {Threei}  says 6.0...
[15:05] {dino} dk vad
[15:06] {dino} fpic
[15:06] {dino} thin
[15:14] {Threei}  ARUN looks like it will deliver today
[15:14] {Threei}  stop can be trailed to .25 now
[15:15] {Threei}  look at HEB candle on daily today
[15:15] {Threei}  not often you see that
[15:15] {dino} ceph stop to .09
[15:16] {dino} out +.09
[15:16] {dino} mkt drop
[15:17] {dino} tivo rtolling over
[15:18] {dino} nah
[15:27] {dino} hans lod
[15:33] {dino} pru l .00
[15:35] {dino} out pru .12, +.12
[15:35] {wulff} good call dino
[15:35] {dino} too soon
[15:38] {dino} ty
[15:40] {dino} most likey it for me guys. good week good times
[15:41] {Threei}  wait
[15:41] {dino} 7 of 8 w/one and the 1 was flat
[15:41] {Threei}  I have anothewr funny looking chart for you
[15:41] {Threei}  SPNG daily
[15:41] {Threei}  look at today's candle
[15:41] {dino} we blew it on pmti
[15:42] {dino} lol
[15:44] {Threei}  tom... I have no opinion on holding ARUN over the weekend
[15:45] {Threei}  don't see anything to get scared... don't see anything to get excited
[15:45] {Threei}  it may continue or may not
[15:45] {dino} a running away
[15:45] {Threei}  personbally I would elimitae it at the eod today
[15:46] {Threei}  wherever it is
[15:47] {dino} be prepared for the 5-6% drop next week, typically week before expiration we pull back around that amount
[15:47] {dino} it has been what i tell magoo, the death week
[15:47] {Threei}  would be nice actually
[15:47] {Threei}  this slow creep up leaves too few opportunities
[15:50] {dino} ok, gotta hop, have a good weekend all
[15:50] {Threei}  okay guys
[15:50] {Threei}  thank you all
[15:50] {Threei}  have a great relaxing weekend
[15:50] {larisa} later :)
[15:50] {magoo} ty 
[15:50] {Threei}  see you all on Monday
[15:50] {Threei}  for the death week
[15:50] {Threei}  let's hope dino's right
[15:50] {Threei}  we do need sizeable pullback
[15:50] {Threei}  to generate new excitment
[15:50] {Threei}  take care
[15:51] {larisa} got .20 cents on HANS thanks to dino :)
[15:51] {Threei}  wtg

Thursday, June 4, 2009

Jun 04 2009

Mostly boring and narrow day. Something worked, something didn't... all in all, most of it balanced each other out. 

Session Time: Thu Jun 04 00:00:00 2009

[08:30] {Threei}  *INITIAL JOBLESS CLAIMS: 621K V 620KE
[08:30] {Threei}  CONTINUING CLAIMS: 6.735M V 6.855ME
[08:33] {pita} gm all
[08:33] {nemo} pita :)
[08:33] {pita} Capt'n
[08:34] {Threei}  pita, nemo :)
[08:34] {magoo} morning
[08:34] {Threei}  magoo :)
[08:34] {nemo} magus
[08:34] {magoo} :)
[08:34] {nemo} What up with the ankle magister?
[08:35] {magoo} oh, ty for asking
[08:35] {magoo} had super good report off xray
[08:35] {nemo} great
[08:35] {magoo} can stop using crutches and walk on it
[08:35] {pita} that is great
[08:35] {magoo} just cautious
[08:35] {nemo} especially considering you were walking on it for a week before you knew
[08:36] {pita} ankles are a pain
[08:36] {nemo} very important though
[08:36] {pita} so to speak
[08:36] {nemo} you screw up the way you walk, you end up screwing up your back
[08:37] {Threei}  AGEN again
[08:38] {magoo} and new 1..hgsi
[08:38] {Threei}  OCLS too
[08:38] {nemo} treasure trove today huh?
[08:38] {pita} any thoughts UNG?
[08:39] {Threei}  not by me
[08:41] {Threei}  couple interesting daily charts with potential of break if this bio hoopla continues:
[08:41] {Threei}  IMMU
[08:41] {Threei}  VVUS
[08:43] {Threei}  yesterday's TELK attempt to move maybe deserves keeping an eye on
[08:45] {ese} good morning
[08:45] {pita} morning ese
[08:45] {Threei}  ese :)
[08:45] {Threei}  US) Fed Chairman Bernanke: Financial crisis shows the need for more economic research; no comments on monetary policy
[08:53] {ese} hey pita ...Vad
[08:53] {ese} sorry was making coffee......
[08:54] {ese} have to find a hypodermic needle somewhere to inject it.....
[08:55] {larisa} good morning :)
[08:55] {Threei}  larisa :)
[08:56] {nemo} Lari :)
[08:56] {larisa} :)
[08:57] {ese} larisa
[08:57] {larisa} hi ese
[08:59] {Threei}  NVAX UPDATE: Novavax and the NIH Agree to Evaluate a Virus-like Particle (VLP) Vaccine Candidate Against the Novel Influenza A (H1N1) Virus (1.87, 0.00, 0.00%)
[09:01] {ese} bank of canada leaving interest rate unchanged 0.25% gotta love it
[09:01] {ese} it's much cheater for Vad myself and dp to live
[09:02] {fernp} good morning everybody
[09:02] {Threei}  fern :)
[09:02] {nemo} fern ese :)
[09:03] {nemo} ese you mainline the coffee?
[09:03] {ese} definately!!!!
[09:03] {nemo} that first 10 minutes must be something
[09:03] {ese} was vads idea with his coffee
[09:04] {ese} Vad has a special black coffee that they use for re-paving roads
[09:05] {nemo} seal driveways
[09:05] {ese} yup
[09:05] {nemo} kill cockroaches
[09:05] {ese} yup
[09:05] {ese} although to be honest ...i haven't tried that application
[09:06] {ese} but in my mind it would no doubt work
[09:06] {pita} get your buzz on.
[09:06] {ese} yup
[09:07] {larisa} my enthusiast friend prepared coffee with the garlic for me at the last party..  I  got killed like that cockroach :)
[09:07] {ese} garlic???? really?
[09:07] {nemo} coffee and garlic....appeals to the italian in me, but....nahh
[09:07] {Threei}  that redefines enthusiasm
[09:08] {pita} coffee breath with a garlic kicker!
[09:08] {ese} i'll say
[09:08] {pita} never heard of that
[09:08] {ese} me either
[09:08] {larisa} yup, it is well known reciepe he said.. I want to forget it forever
[09:08] {Threei}  you need to introduce sanity check in your friends selection process, larisa {G}
[09:10] {larisa} I like new things what can you do.. nobody else even tried it :) 
[09:12] {vinod} GM
[09:13] {Threei}  vinod :)
[09:13] {pita} what's with the banks?
[09:14] {Threei}  FITB Completes $1B Common Stock Offering
[09:14] {Threei}  - The program was increased in size from $750 million to $1 billion and has been completed
[09:16] {dptl} good morning all
[09:17] {Threei}  dp :)
[09:18] {_traderw} goodmorning
[09:19] {ese} dp trader!
[09:20] {Threei}  traderw :)
[09:24] {pita} where's the action Vad?
[09:24] {jfjf64} mornin
[09:24] {Threei}  AGEN Enters securities exchange agreement with Tang Capital - filing (24.90, 0.00, 0.00%)
[09:24] {Threei}  jf :)
[09:24] {Threei}  some in small bios pita
[09:25] {Threei}  overall, market mostly flat
[09:25] {cosmo} CIEN firms
[09:27] {magoo} vad, news FSLR?
[09:29] {pita} drys
[09:29] {ese} 10 ,9,8,7,6,5..................
[09:29] {Threei}  a few hours ago:
[09:29] {Threei}  Hapoalim Securities Analysts see Chinese solar names slashing modules prices - Barron's
[09:29] {Threei}  - States that Hapoalim sees major names including Yingli, Suntech and Trina offering modules at 1.1
[09:31] {nemo} mmmmhhhh....dino slacking this morning
[09:32] {ese} L fitb .90
[09:33] {Threei} Long Setup:  AVII  .65 break if stays above .60
[09:34] {dino} gm all
[09:34] {Threei}  dino :)
[09:34] {dino} axys takeover
[09:34] {Threei}  not a scalp for me
[09:36] {nemo} didn't get it @ .66, how far safe to buy
[09:36] {Threei}  you know where the stop is
[09:37] {Threei}  it's only a matter of your tolerance and expectations for the trade
[09:39] {dino} rog
[09:40] {vinod} in 1.67
[09:40] {nemo} partially in
[09:41] {dino} sm risky, s rog .23 wide
[09:42] {Threei}  Morgan Stanley's Roach: those looking for a V shaped recovery are "in fantasy land"
[09:42] {dino} i agree
[09:42] {ese} out fitb .09 +.09
[09:42] {ese} sorry .99
[09:43] {nemo} how many of the little buggers?
[09:43] {Threei}  OCLS loses ties to reality again
[09:43] {ese} 5k
[09:44] {patience} nice ese   :)
[09:44] {ese} markets heading up but it doesn't seem to want to break by 7
[09:44] {ese} tks
[09:45] {Threei}  good thing I sold in time:
[09:45] {Threei}  Analysts at Fitch comment on Russian and Ukrainian real estate markets
[09:45] {Threei}  - Sees both markets lacking in liquidity
[09:45] {Threei}  lol
[09:46] {ese} too alot of property in Siberia Vad?
[09:47] {cosmo} siberia could be a winner from 'climate change'  ...ya know
[09:47] {nemo} yeah, for the insects
[09:47] {cosmo} bees?
[09:47] {nemo} blood sucking insects
[09:48] {nemo} partially in more
[09:49] {nemo} all in
[09:49] {ese} the attraction of having big bay windows overlooking a neuclear waste site is very appealing to some
[09:49] {Threei}  OCLS... momo players, watch it for possible anti-gravity move
[09:52] {vinod} I think I need a second screen
[09:52] {Threei}  I'll say
[09:52] {dino} yes
[09:52] {vinod} how many screen you guy use
[09:52] {Threei}  I have 4 and sometimes think maybe couple more would be nice
[09:53] {Threei}  well, I have couple more but they are on separate computer
[09:53] {vinod} now I know why you guys are too fast
[09:54] {larisa} just buy one 42" and you will be fine
[09:54] {pita} bounce point for OCLS?
[09:54] {vinod} THANKS larisa
[09:55] {Threei}  4.60 break from here pita
[09:55] {Threei}  if stays above .50
[09:55] {dino} i have 2 w/about 6 windows open
[09:55] {dino} rog stopped .56 -.33
[09:59] {Threei} Long Setup:  WFC  .35 break if holding above .30
[10:00] {Threei}  CFTC Chairman Gensler: Derivatives operators should register with US regulators (related ICE CME )
[10:01] {magoo} in .35
[10:04] {ese} l fitb .87
[10:05] {ese} out fitb .92
[10:05] {nemo} out wfc
[10:05] {ese} +.05
[10:05] {Threei}  no worky
[10:05] {fernp} stopped
[10:09] {Threei}  OCLS re-stablished
[10:10] {Threei}  same setup
[10:13] {larisa} ese, you use any technical indicators when timing your trades, or just pure tape reading ? if you do not mind sharing :)
[10:13] {dino} sm l itri .90
[10:15] {Threei}  (US) Treasury TARP Admin nominee Allison: Likely to see some TARP repayments next week
[10:15] {ese} Hi Laris....not really ....mostly volume , momentum and indexs......indicators aren't that effective for scalping i've found.  I look for the patterns in Vads book...higher lows, lower highs type of thing
[10:16] {larisa} I see, tks. I like your timing skilld
[10:16] {larisa} d=s
[10:16] {ese} ie fitb right now...forming a higher low....will wait to see what the qqqq does and make a decision.
[10:17] {ese} dinos and vads is better
[10:17] {ese} still a rookie
[10:19] {ese} and even then i goof.....missed fitb
[10:20] {dino} es i have to say you are out earning me w/the size of your trades
[10:21] {ese} L  fitb .96
[10:21] {ese} out fitb .99 +.03 6k
[10:22] {ese} one thing is certain...Vads scalping is the only way to go....up $700 and change so far this morning
[10:23] {dino} gj
[10:23] {ese} tks
[10:23] {Threei}  OCLS over 1:1
[10:25] {ese} maybe some days but  dino but overall your more consistent......i still have a ways to go yet
[10:25] {tomg} ty ocls vad
[10:25] {Threei}  welcome
[10:25] {Threei}  over 1:2
[10:26] {Threei}  pita... got it?
[10:26] {Threei}  that was a call by your personal request
[10:26] {Threei}  I would call it "pita call"
[10:27] {tomg} ty pita
[10:27] {ese} l fitb .03
[10:28] {tomg} nvax vad?
[10:28] {dino} cah off of .00 sm l
[10:28] {tomg} i have 300 at 1.90
[10:29] {Threei}  gosh
[10:29] {Threei}  what do you want from it, triple? :)
[10:29] {tomg} had it a couple of weeks
[10:29] {Threei}  NVAX is momo play in my eyes...
[10:29] {tomg} so sell here, u think?
[10:29] {Threei}  I know this stock for many years
[10:29] {Threei}  not once did it hold its gains for any extensive period of time
[10:30] {Threei}  how about this:
[10:30] {Threei}  if has this .80 - .85 zone resistance to break,
[10:30] {nemo} Dino, on break of 30 cah
[10:30] {Threei}  it has support on intraday at .65, then at .40
[10:31] {Threei}  let it break if it will,
[10:31] {dino} y
[10:31] {tomg} ok, ty 
[10:31] {Threei}  put stop for 200 shares under .65 and for 100 under .40,
[10:31] {Threei}  if it breaks, trail to under .65 for all sgares
[10:31] {ese} out fitb .10 +.07 
[10:32] {tomg} ok, will do that, ty
[10:32] {Threei}  and if it spikes, you'll have to ask again... :)
[10:32] {tomg} ok :)
[10:32] {Threei}  hard to tell in advance what to do when/if it moves
[10:32] {Threei}  gotta see actual way it moves
[10:32] {Threei}  ese... this time I joined you in FITB
[10:32] {dino} ung
[10:32] {fernp} gj ese
[10:32] {Threei}  .04 - .10
[10:33] {fernp} i am out too FITB
[10:33] {Threei}  quite a few little buggers
[10:33] {Threei}  ese turned FITB is personal ATM
[10:34] {ese} no just 4.5 k on that one should have been the 6k
[10:34] {magoo} UNG vad
[10:34] {magoo} crash
[10:34] {ese} nice job fern
[10:34] {Threei}  I took 7 ese
[10:34] {Threei}  mags
[10:34] {Threei}  *EIA NATURAL GAS INVENTORIES: +124 BCF VS. +115 TO +120 BCF ESTIMATE RANGE (related UNG )'
[10:34] {Threei}  that's why
[10:34] {ese} nice vad
[10:34] {magoo} ty
[10:35] {ese} ya saw that too
[10:36] {Threei}  wow
[10:36] {Threei}  can I have mulligan?
[10:36] {nemo} on what
[10:36] {ese} laris....heres the thing i've really learned.....FITB is taking off.......this used to drive me crazy.....but not anymore.....there will be another day and time
[10:37] {larisa} :)
[10:37] {dino} there are better worlds than these huh es
[10:37] {ese} that used to kill me in an earlier trading career
[10:37] {ese} it was the damn!!! i should have stayed in....and when i did that....i got killed
[10:38] {ese} i'm up 1k now.....good enough......time to pair down for the rest of the day
[10:40] {ese} drfinately dino....especially when i get out there on links with you at Myrtle
[10:41] {dino} :), some day es
[10:42] {ese} you bet!
[10:42] {Threei}  STSI Hearing positive comments (timing uncertain) (5.12, 0.39, 8.25%)
[10:43] {Threei}  - Chatter that group to recieve positive ruling from on-going court case
[10:44] {Threei}  should pull back now
[10:46] {Threei}  Update: RBC analyst raises US banking sector to Overweight; sees multi year bull market for the sector
[10:47] {ese} whoa ho ho!!!!!
[10:47] {dino} fdo
[10:47] {Threei}  forecasts many banks returning to normalcy in 2012
[10:48] {nemo} that's a long way away
[10:48] {fernp} BAC breaking hod
[10:48] {Threei}  freakin WFC
[10:48] {fernp} yeah
[10:49] {nemo} is that the Mulligan?
[10:49] {Threei}  FITB doesn't follow
[10:51] {ese} yes...thats interesting
[10:57] {dino} itri stop to .30
[10:58] {dino} out itri .36 +.46
[11:00] {Threei}  US Treasury to sell $35B 3-year notes, $19B 10-year notes and $11B 30-year bonds (related TLT SHY )
[11:02] {dino} fdo sm l .24
[11:04] {ese} gj dino
[11:04] {nemo} out avii
[11:05] {dino} ty
[11:06] {vinod} C going to issue 60B share, stock is up 6%.  I have to be more than crazy to understand this
[11:06] {nemo} Yeah, 4X the stock that is outstanding-go figure
[11:09] {vinod} just notice AVII got stoped
[11:09] {Threei}  OGXI....sheesh
[11:09] {Threei}  another gravity denier
[11:11] {vinod} All of this biotech is weird
[11:15] {Threei}  narrow day...
06[11:16] * Threei slaps KSystems around a bit with a large and loud request to look at dcc
[11:19] {dino} esi apol
[11:19] {KSystems} oh
[11:19] {Threei}  sorry to wake you up
[11:20] {KSystems} yup, its done
[11:20] {KSystems} you think OGXI could reach 30?
[11:20] {Threei}  30 is far from here
[11:20] {KSystems} I'm in since 19.13
[11:20] {Threei}  but gee, it shows no signs of slowing down
[11:21] {KSystems} {{{--- dirty swinger
[11:21] {larisa} :) 
[11:21] {KSystems} oops
[11:21] {KSystems} not what you're thinking
[11:21] {nemo} mmmmhhhhhh
[11:21] {nemo} sure
[11:21] {Threei}  people volunteer so much information about themselves lately...
[11:21] {KSystems} didnt remember there were girls in here
[11:22] {nemo} so I should keep my homicidal thoughts to myself ???
[11:22] {KSystems} depends on motivation nemo
[11:22] {nemo} You into Schaafen
[11:22] {KSystems} WTF
[11:22] {KSystems} VAD!!
[11:22] {nemo} hehehehehehehehe
[11:22] {Threei}  what? I don't speak German
[11:24] {Threei}  OGXI is about to jump through 24
[11:24] {magoo} vad..looky rimm here
[11:25] {Threei}  can't tell mags... 50/50
[11:25] {magoo} ok
[11:27] {nemo} OGXI heard you
[11:27] {nemo} said..nah
[11:43] {Threei}  CAT Reportedly in talks with Transneft regarding equipment sales (37.64, 0.98, 2.67%) (related RSX )
[11:44] {dino} apol sm l .47
[11:46] {Threei}  TIVO again??
[11:46] {nemo} yeah popped earlier
[11:50] {jfjf64} x   strength 
[11:52] {pita} Thanks guys for the personal attention an hour or so ago - wouldn't you know I'd miss the action attending to home chores... :(
[11:52] {Threei}  ugh
[11:52] {pita} reviewing the log lets one know all that was missed
[11:52] {nemo} Hope you got out of avii?
[11:52] {jfjf64} ms
[11:53] {pita} yeah, small loss
[11:54] {pita} learned not to walk away with open trades
[11:54] {pita} the painful way
[12:01] {jfjf64} x on pullback vad  any  read
[12:02] {Threei}  probably off 35 but keep an eye on broadfer market
[12:02] {Threei}  this pullback coincides with market retreat
[12:02] {jfjf64} ty
[12:06] {nemo} David Carradine found dead..suicide
[12:07] {pita} the perils of stardom
[12:08] {jfjf64} in 12   out  22
[12:08] {Threei}  :)
[12:08] {jfjf64} half
[12:10] {jfjf64} what  ya  read
[12:11] {dino} gj
[12:12] {dino} are the days slow lately or is it just me
[12:12] {dino} markets seem dead from 11-3
[12:12] {nemo} you did 10 trades yesterday Dino
[12:13] {Threei}  the slowest in couple years, dino
[12:13] {nemo} Vad's been doing 2 or 3 over the last week
[12:13] {jfjf64} out
[12:13] {dino} you counting my trades?
[12:13] {nemo} Yeah
[12:13] {larisa} lol
[12:14] {dino} how am i doing?
[12:14] {nemo} 4 today, waiting for cah to break 30
[12:15] {dino} lol
[12:15] {dino} how about esi
[12:15] {nemo} esi is easy......FITB
[12:16] {dino} itri?
[12:17] {dino} gap filled fromfri close
[12:17] {nemo} 58.90 entry
[12:17] {dino} out at 59.36 long time ago
[12:18] {nemo} yeah
[12:18] {nemo} forgot the first one you stopped on
[12:18] {nemo} sitting in apol and fdo
[12:19] {dino} rog, thing is still going up
[12:20] {nemo} you still in rog, ahhh missed that one
[12:20] {nemo} Hard to buy a stock that sounds like the name of a neanderthal
[12:21] {dino} no stopped out 
[12:21] {nemo} yeah, that was the stop
[12:21] {nemo} had it as a blank...psychological that rog thing
[12:24] {Threei}  XOMA Hearing positive call from RBC
[12:24] {Threei}  interesting
[12:24] {Threei}  RBC notes that upcoming data at ADA should boost the name
[12:25] {Threei}  not often you see RBC commenting on such cheapies
[12:25] {Threei}  and look at daily
[12:25] {Threei}  C&H with .10 to break
[12:25] {Threei}  long in the making
[12:27] {jfjf64} still valid
[12:27] {Threei}  sure
[12:31] {vinod} look like nothing going?
[12:31] {Threei}  OGXI over 24
[12:31] {Threei}  as foretold
[12:31] {nemo} ROG broke top
[12:33] {pita} cu all tomorrow
[12:33] {magoo} be bacxk hour
[12:33] {Threei}  take care pita
[12:33] {nemo} X keeps going too
[12:39] {Threei}  XOMA not a scalp for me
[12:40] {nemo} what's the stop?
[12:40] {jfjf64} what  ya  stop
[12:40] {nemo} jf!!!
[12:40] {dino} rallllllllllly
[12:40] {Threei}  sheesh, you two
[12:41] {Threei}  what do you think? :)
[12:41] {nemo} now'll piss off Larry
[12:41] {jfjf64} just  under .05
[12:41] {Threei}  that would be scalping stop
[12:41] {Threei}  for a trade, under 1
[12:42] {jfjf64} ty
[12:43] {nemo} bummer
[12:44] {dino} apol stop to .87
[12:44] {Threei}  and for a swing, under .95
[12:45] {dino} out apol +.40
[12:46] {larisa} gj
[12:47] {dino} ty
[12:51] {KSystems} thanks for OGXI vad
[12:51] {dino} esi lod
[12:59] {dino} cah sm l .00
[13:05] {dino} tighten cah to .93 not acting right
[13:05] {nemo} no, it have a strong move off the bottom
[13:06] {nemo} had
[13:06] {dino} yeah, that might be it
[13:09] {nemo} two supports .93 and .80ish (not to be confused with Threeish)
[13:10] {dino} cah stopped -.07
[13:18] {dino} fdo stop to .54
[13:19] {dino} to .59
[13:22] {dino} out +.35
[13:24] {magoo} back
[13:32] {magoo} in anything vad?
[13:32] {Threei}  XOMA
[13:32] {Threei}  possibly for overnight hold
[13:36] {Threei}  PALM... climbing and climbing and...
[13:38] {Threei}  new high
[13:38] {Threei}  XOMA that is
[13:41] {Threei}  PALM .40 was lwegit setup... why did I ignore it... :(
[13:42] {dino} t l .35
[13:48] {ese} hi everyone....left abruptly to go teach...lost track of time
[13:48] {fernp} bye ese
[13:49] {fernp} hi
[13:49] {ese} and nowwww....just signing in to sign off agian...see ya tomorrow
[13:49] {Threei}  lol
[13:49] {Threei}  that was brief
[13:49] {ese} take care
[13:49] {nemo} musicians
[13:49] {ese} yup....don't want to be rude
[13:49] {jfjf64} x 36 break
[13:55] {Threei}  climb little XOMA, climb
[14:07] {nemo} CAH again Dino, might be making a C&H
[14:08] {nemo} market feel up towards the end?  Big run?
[14:09] {dino} can't get thru .00 imo
[14:11] {dino} sm l .00 esi
[14:19] {nemo} what was your stop dino?
[14:19] {dino} lod
[14:20] {nemo} where is it now then?
[14:20] {dino} +.41
[14:21] {dino} oopps, .19
[14:21] {dino} mAKE IT .40
[14:22] {dino} out +.40
[14:24] {nemo} I'm confused
[14:25] {nemo} Mmmmmmmhhhh...XOMA must think it's Icarus
[14:26] {dino} fdo l .45
[14:26] {nemo} Off to sell politically incorrect consumer items
[14:26] {nemo} Dino, CAH at the magic number
[14:27] {dino} hmmmm
[14:27] {Threei}  XOMA's selling is surprizingly astrong after hitting 1;1
[14:28] {dino} you in
[14:28] {nemo} I'm leaving, no
[14:28] {dino} esi at .00 again
[14:28] {Threei}  I haven't trailed the stop after halving at .20... maybe I should have
[14:29] {nemo} looks like it needs market help Dino
[14:31] {dino} s/p gap filled from tuesday
[14:33] {vinod} too bad i sold my HEB yesterday at 2.55
[14:34] {nemo} GMCR keep an eye on...see you tomorrow
[14:35] {Threei}  take care nemo
[14:35] {dptl} have a good evening all
[14:35] {Threei}  no news HEB
[14:35] {Threei}  no idea what's up with this little piece of crap
[14:35] {Threei}  take care dp
[14:36] {dino} cya nemo, dp
[14:36] {vinod} GMCR good candidate for short?
[14:41] {vinod} see you tomorrow
[14:41] {Threei}  take care vinod
[14:41] {dino} cya vin
[14:41] {Threei}  not sure about GMCR
[14:47] {Threei}  XOMA is back to highs
[14:47] {Threei}  if I were smart, I'd dump whole thing at .20 and rebought it at .05
[14:48] {dino} if a word in middle of life
[14:50] {Threei}  gosh
[14:50] {Threei}  that's too deep
[14:50] {Threei}  now you've done... I will need to ponder this one
[14:50] {Threei}  for a week
[14:50] {dino} lol
[14:51] {Threei}  of navel-gazing, somewhere in tibet cave
[15:22] {Threei}  believe it or not. HEB is consoldiating near high again
[15:22] {Threei}  this is real POS
[15:23] {magoo} or rot?
[15:23] {dino}  out t flat
[15:23] {Threei}  rip
[15:23] {Threei}  I remember HEB's run in 2006
[15:24] {Threei}  it was quickly doscovered that it was a shell company
[15:24] {Threei}  momo has gone and it dies for three years
[15:24] {Threei}  died
[15:24] {Threei}  now it's getting rediscovered, lol
[15:27] {Threei}  ARUN
[15:28] {Threei}  7 break is interesting on daily
[15:28] {Threei}  if doesn't happen todayt, that's one to watch tomorrow
[15:29] {dino} fdo stop to .49
[15:29] {dino} out +.04
[15:33] {dino} gotta hop early take care all, profitable by light
[15:33] {Threei}  take care dino
[15:40] {Threei}  NQ spent who,le day in less than 15 points range
[15:51] {Threei}  with all the boredom while staying near highs and finishing green, can you feel this whole rally is far from being over?
[15:52] {magoo} very little pullback
[15:53] {patience} but i kept falling asleep at my desk....
[15:54] {Threei}  do what I do
[15:54] {patience} ?
[15:54] {Threei}  make sure you have some nice foam layer un the desk, measure trajectory of your chin movement,
[15:54] {Threei}  place the foam right at the end on trajetory
[15:54] {Threei}  and nod away
[15:55] {Threei}  at the end of the day you are refreshed, and all your teeth are safe...
[15:55] {Threei}  okay guys, I am doing what I haven't done in ages
[15:56] {Threei}  taking home not one but two stocks
[15:56] {Threei}  XOMA and ARUN
[15:56] {Threei}  XOMA is padded by selling half at 1:1
[15:56] {Threei}  ARUN is not
[15:59] {Threei}  bth broke 52 week highs and finish at the day high
[16:00] {Threei}  just in case something happens after the close, putting them for sale: XOMA at 1.45 and ARUN 7.25
[16:00] {Threei}  thank you all, have a good evening'
[16:00] {Threei}  see you tomorrow
[16:00] {magoo} u too boss
[16:00] {magoo} ty all
[16:00] {jfjf64} ty

Wednesday, June 3, 2009

Jun 03 2009

Not too many trades as quite a few setups never triggered. Those that did though worked nicely: WFC and, notably, TIVO long for 60 cents. Don't you love those short squeezes after huge gap up - when you get it right and participate in it.

Session Time: Wed Jun 03 00:00:00 2009

[08:06] {pita} gm all
[08:06] {nemo} P.I.T.A. :)
[08:07] {pita} that's me!!!
[08:07] {nemo} neat acronym
[08:07] {nemo} probably more applicable to me
[08:07] {pita} just ask my former wife....
[08:07] {nemo} Where's her grave? :)
[08:08] {pita} :(
[08:08] {nemo} awwwww....poor sense of humor...apologies
[08:08] {pita} the paying is over but the pain remains
[08:09] {nemo} yeah, we'd still be in the Garden of Eden if it weren't for them
[08:09] {pita} well, probably not, but its a great thought
[08:09] {pita} 392108
[08:10] {pita} sorry wrong windog
[08:10] {pita} window
[08:11] {pita} off for breakfast, cu later
[08:11] {magoo} morning
[08:11] {nemo} magister
[08:11] {magoo} TIVO nuts
[08:11] {nemo} yeah, had that written down for today
[08:12] {nemo} should be a nice short soon
[08:12] {magoo} i just hit it sh .31
[08:12] {nemo} nice mags
[08:12] {magoo} not  yet :)
[08:13] {magoo} ok, cov .15
[08:13] {nemo} nice entry
[08:13] {nemo} how's that?
[08:13] {magoo} not nice till bank it
[08:13] {nemo} nice exit
[08:13] {nemo} how's that
[08:13] {nemo} oh spy and qs dropping
[08:14] {nemo} look who's signed in
[08:14] {magoo} u do the honors
06[08:14] * nemo slaps laserdave around a bit with a large trout
[08:14] {nemo} I grew up trout fishing, kinda' mixed emotions about it
[08:15] {magoo} adp numbers in line
[08:15] {nemo} saw that this morning...curious about oil today...if it spikes, I think market tanks.  
[08:16] {magoo} actually, coorelation the way i see it is oil up..mkts up
[08:17] {nemo} I think you'll see that break soon in U.S. markets.  We're consumption based. As oil goes up money comes out of pockets.  Can't buy stuff.  Might keep Chinese Indian and Brazilian markets going, Aussies too, but less likely here
[08:36] {Threei}  Summary of PIMCO's Bill Gross June Investment Outlook: "Staying rich in the new normal"
[08:36] {Threei}  - U.S is no longer producing as much wealth in proportion to the rest of the world, which will affect stockholders 401k investors and even bond managers
[08:36] {Threei}  - A potential US sovereign downgrade "still far off in the future in PIMCOs opinion" as "both the U.S. and the U.K. entered the Great Recession with attractive ratios compared to such grievous offenders (and AA rated) as Japan."
[08:36] {Threei}  - The pressure of rising long dated treasury yields on mortgage and corporate rates presents a real threat to recovery now underway
[08:36] {Threei}  - Expansion of Fed's balance sheet could have inflationary impact
[08:36] {Threei}  - "Bond investors should therefore confine maturities to the front end of yield curves where continuing low yields and downside price protection is more probable. Holders of dollars should diversify their own baskets before central banks and sovereign wealth funds ultimately do the same. All investors should expect considerably lower rates of return than what they grew accustomed to only a few years ago. "
[08:41] {magoo} got a read on TIVO vad?
[08:41] {Threei}  not really
[08:43] {ese} that was an ordeal
[08:44] {Threei}  you seem to get into it rather regularly {G}
[08:44] {ese} don't know why....
[08:44] {ese} typed the same pass and user about 5/6 exactly the same
[08:45] {Threei}  [08:40] * esemde was kicked by ChanServ
[08:45] {Threei}  that's username you typesd
[08:45] {Threei}  my suggestion would be, you have form autofill on
[08:45] {ese} nope definately not........
[08:45] {Threei}  as you start typing ese, it fills it to esemde
[08:46] {Threei}  and you click enter not noticing
[08:46] {ese} hmmmmm
[08:50] {magoo} vad, news vlo
[08:51] {Threei}  earnings, filed 40M shares, downgraded
[08:56] {fernp} good morning everybody
[08:56] {Threei}  fern :)
[08:58] {vinod} good morning to all 
[08:58] {Threei}  vinod :)
[08:59] {_traderw} gm
[08:59] {larisa} good morning :)
[08:59] {Threei}  traderw, larisa :)
[09:04] {ese} following anything....nothing i'm reading here is stickling out
[09:04] {Threei}  TIVO...
[09:04] {ese} tks
[09:04] {Threei}  WFC, not because of particular action but because it's usually a player
[09:04] {ese} yes
[09:05] {Threei}  JOYG
[09:05] {ese} tivo won a court ruling....
[09:09] {ese} fitb seems to be consolidating at a 50% pullback level from high of 9.     thats a resonably strong sign
[09:15] {dino} gm all
[09:15] {Threei}  dino :)
[09:15] {ese} morning dino
[09:15] {dino} :)
[09:23] {jfjf64} mornin
[09:23] {Threei}  jf :)
[09:27] {jfjf64} any read bac
[09:27] {Threei}  it doesn't really do anything
[09:27] {Threei}  no significant gap
[09:27] {Threei}  no premarket movement
[09:28] {jfjf64} ty
[09:28] {Threei}  TIVO dropped of a cliff
[09:29] {dptl} good morning
[09:30] {Threei}  dp :)
[09:30] {ese} morning dp
[09:31] {Threei} Short Setup: TIVO  9.60 break half lot
[09:31] {nemo} What's Raven doing here, I thought he was off to N. Dakota or somewhere?
[09:31] {Raven} Tomorrow
[09:31] {Threei}  if stays below .85
[09:32] {Threei}  let's modify it to .70 break, same condition
[09:32] {dino} have fun raven
[09:32] {nemo} Flying Raven :)
[09:32] {Threei}  want a bit tighetr stop
[09:33] {Raven} thx :)
[09:33] {Threei}  invalidated
[09:35] {Threei} Long Setup:  WFC  .40 break
[09:35] {Threei}  stop under .30
[09:36] {ese} missed it
[09:36] {Threei}  half out 1:1
[09:37] {fernp} ty Vad
[09:37] {ese} nice vad
[09:37] {Threei}  wow ese... it gave like 3 chances
[09:37] {Threei}  1/4 more out
[09:37] {Threei}  .59
[09:37] {Threei}  fern :)
[09:37] {ese} just seeing that was watching fitb and intc
[09:37] {ese} look at that jump ....nice
[09:37] {dino} vlo blood
[09:38] {dino} cah more blood today
[09:38] {dino} 7 pts since monday close
[09:38] {ese} waiting for pullback in fitb
[09:39] {Threei}  DVAX 40 min ago:
[09:39] {Threei}  Dynavax Technologies Presents Phase III data
[09:39] {Threei}  - In addition to meeting its primary endpoint in this Phase 3 trial as previously reported, HEPLISAV provided more rapid and increased seroprotection against hepatitis B viral infection and with fewer doses than the licensed vaccine.
[09:39] {Threei}  - The data show the differences to be particularly significant in the subset of subjects over 40 years of age who are usually less likely to respond to immunization.
[09:39] {nemo} tivo vad
[09:40] {Threei}  trying to form short setup again
[09:40] {Threei}  let's approach it differently
[09:40] {Threei}  9.55 loss is a short trigger,
[09:41] {Threei}  let's watch it for consolidation closer to it that would give us affordable stop
[09:42] {Threei}  if doesn't go over .70 on this bounce, that's resistance
[09:42] {nemo} last bounce looks like it was with Qs
[09:42] {Threei}  PIMCO's B Gross: Chinese investments in USD assets at 2% are 'not safe' -radio interview
[09:43] {Threei}  wtf is this guy doing?
[09:43] {nemo} talking his book
[09:43] {nemo} invalidated
[09:46] {ese} would have thought that fitb would follow wfc but it's not
[09:47] {Threei}  TIVO is holding too well
[09:47] {vinod} short around 10.00?
[09:48] {Threei}  if this consolidation under the high continues for a while, the tune will change to squeze
[09:48] {dino} echostar filing appeal they say
[09:49] {Threei}  too fast recross of .80
[09:49] {dino} fire drop
[09:50] {Threei}  started typing long for a scalp but it broke before I finished first word
[09:50] {magoo} CAT bounce vad?
[09:50] {Threei}  US President Obama: Confident that US and Saudi have strategic relationship
[09:51] {Threei}  recross of 37 mags, but kind of 50/50
[09:51] {Threei}  risk is low enough
[09:51] {Threei}  with stop just 10 cents away
[09:51] {Threei}  so kind of personal preference
[09:52] {Threei}  AGEN Strength attributed to chatter that FDA is set to fast track its kidney drug (2.18, 0.65, 42.48%)
[09:52] {dino} fire
[09:52] {dino} apsg
[09:52] {magoo} news RIMM vad?
[09:53] {Threei}  no
[09:54] {magoo} just market
[09:54] {ese} some interesting wild gyrations in the market these days....look at that dump in the qqqq's
[09:54] {Threei}  yeah
[09:54] {dino} they call that the elvis qqqq
[09:55] {magoo} TIVO no reaction
[09:55] {dino} still have fri gaps 8500,1435,919
[09:55] {Threei}  DVAX,,, wow
[09:57] {ese} WFC wants up vad
[09:58] {magoo} AGEN
[09:58] {Threei}  last 1/4 is still sitting here
[10:00] {Threei}  *APRIL FACTORY ORDERS: 0.7% V 0.9%E
[10:00] {Threei}  MAY ISM NON-MANUFACTURING: 44 V 45.0E
[10:00] {Threei}  (US) Fed's Bernanke: US cannot keep borrowing indefinately to meet spending needs, expects economy to pick up in late 2009
[10:00] {Threei}  - Believes Treasury yields are rising on deficit concerns as well as an improving economy
[10:04] {nemo} I'm interested to see what effect the oil numbers have in a 1/2 hour
[10:07] {Threei}  I really need to start taking these moves by little bios on faith
[10:07] {ese} LWFC .55
[10:07] {Threei}  AGEN... DVAX
[10:08] {ese} market is red but oddly enough it feels like there is some strenght to it......for me anyway
[10:08] {Threei}  and TIVO more and more looks like surprize move in the making
[10:09] {ese} am trying wfc at the mid point of this .50 to .60 ange
[10:09] {magoo} AGEN looks like 3.50
[10:10] {Threei}  Treasury prices tick lower after Bernanke makes little to no mention of Fed asset purchases in initial remarks (related TLT )
[10:10] {Threei}  see TIVO buyiong pressure?
[10:11] {dino} vlo sm l .00
[10:12] {nemo} refiner just before the oil report....mmmmmhhhh
[10:12] {Threei}  (US) Reportedly US DoJ is probing various tech firms on hiring proceedures (related YHOO GOOG )
[10:12] {Threei}  hmm?
[10:13] {Threei}  hoew is it anyone's business?
[10:13] {nemo} Comrade, you are sick
[10:14] {magoo} AGEN
[10:14] {magoo} [10:09] {magoo} AGEN looks like 3.50
[10:14] {magoo} [10:10] {&Three
[10:14] {Threei}  ok... I must try this
[10:14] {Threei} Long Setup:  TIVO  .95 break
[10:14] {Threei}  stop under .85 for scalpers
[10:14] {Threei}  under .80 for daytrader
[10:15] {Threei}  if triggers, not a scalp for me
[10:15] {ese} might be stopped out here .30
[10:16] {Threei}  half out
[10:16] {Threei}  10.08
[10:16] {magoo} christ..looked away missed
[10:17] {jfjf64} ty
[10:17] {jfjf64} blood money
[10:17] {Threei}  welcome
[10:17] {Threei}  lol, why?
[10:17] {Threei}  who did you have to murder to enter?
[10:18] {jfjf64} hunting it  for  hour   lol
[10:18] {ese} stopped
[10:18] {Threei}  sheesh AGEN
[10:18] {ese} -,25 1 lot
[10:18] {Threei}  you got TIVO on this pullback mags?
[10:18] {Threei}  perfect setback right into trigger
[10:19] {nemo} hit 1:1 though, wouldn't you move stop up to b/e
[10:19] {Threei}  to under .90 I would
[10:19] {Threei}  to b/e, no
[10:20] {Threei}  it's a bit tooo volatile for such tight trailing
[10:21] {ese} banks don't like what Bernakers had to say
[10:22] {Threei}  yeah, killed my last piece of WFC
[10:22] {ese} beautifully timed so that i would loose $250.00 i might add
[10:22] {Threei}  next leg is coming TIVO
[10:22] {Threei}  offering 1/4 more at .22
[10:23] {ese} he's either a genius or the dumbest SOB of a fed banker ever
[10:25] {Threei}  DVAX - another AGEN or miserable failure?
[10:27] {Threei}  TELK Hearing strength being attributed to chatter regarding reception of new drug (1.12, 0.20, 21.74%)
[10:28] {Threei}  Movement comes as firm speaks at ASCO conference
[10:29] {ese} l WFC .20
[10:30] {Threei}  DOE CRUDE: +2.68M V -1.7ME
[10:30] {Threei}  GASOLINE: -215K V +100KE; DISTILLATE: +1.66M V +1ME
[10:31] {dino} cah sm l .70
[10:32] {ese} hope you have better luck than me dino
[10:32] {jfjf64} uso  fallin 
[10:32] {Threei}  TELK, if eats through .15...
[10:32] {dino} :)
[10:33] {Threei}  out 1/4 more TIVO .22
[10:34] {nemo} you shoulda got .23
[10:34] {Threei}  had .22 laid out
[10:34] {Threei}  [10:22] {Threei} offering 1/4 more at .22
[10:35] {Threei}  (RU) Russian PM Putin: Once again threatens Ukraine over gas deliveries, warns Europe may face shutoffs in June/July if Ukraine does not pay
[10:36] {jfjf64} blood  money    lol
[10:36] {ese} daaaaaa!!!!! WFC get going!!!!
[10:36] {ese} i want my 250.00 back
[10:38] {vinod} telk still good at 0.15
[10:39] {nemo} offers piling up @ .10
[10:39] {ese} am going to apply one of Vads strategies.......wfc swift kick in rear with a steel toed boot 
[10:40] {ese} look at that's perfect ...get bloody going
[10:40] {Threei}  can't decide on exit point for the last TIVO
[10:41] {Threei}  stop under 10 for now
[10:42] {ese} bout time!!
[10:50] {dino} snda, cyou running; china plays
[10:50] {Threei}  Fed's Bernanke reiterates the Fed will not monetize US govt debt
[10:50] {Threei}  this is strong statement
[10:50] {nemo} "Read My Lips"
[10:50] {nemo} weren't here for that...Bush I
[10:51] {dino} sm l itri .40
[10:52] {dino} they are simply telling you what you want to hear 3i.
[10:52] {dino} otherwise they could not do what they want
[10:53] {dino} bottom line, debased currency and inflation is preferrable to deflation and strong dollar.
[10:53] {dino} in 10 years dollar value will be 1/2, and thus so will the debt
[10:54] {dino} it is the only way politicians can stay in power
[10:55] {dino} they strength in $ last year was due to deflation, that is all
[10:56] {dino} snda rockin'
[11:00] {ese} ahhhhhhh out WFC .40 lot and 1/2....that was a good revenge killing....err ahhh i mean trade
[11:01] {Threei}  wtg
[11:01] {ese} tks
[11:02] {dino} gj
[11:03] {magoo} we in anything boss?
[11:03] {nemo} tivo
[11:04] {magoo} i am?
[11:04] {Threei}  lol
[11:04] {Threei}  1/4 of TIVO left
[11:09] {dino} apsg sm s .85 stop hod
[11:12] {dino} tsra drop
[11:12] {Threei} Long Setup:  DNDN  .60 break if stays above .50
[11:16] {dino} lphi
[11:21] {dino} apsg bstop tighten to .02
[11:28] {dino} cah stop to .99
[11:28] {dino} out +.29
[11:30] {Threei}  (US) Fed Chairman Bernanke: Fed does not plan to sell MBS holdings in the near term, substantial flow of revenue from MBS purchases will offset any losses down the road
[11:31] {nemo} wow, how's he gonna' do that from foreclosed mortgages?
[11:32] {dino} see, they are not using mark to market because fed is not public, so, shazaam mogages are good long term
[11:33] {nemo} what did they buy them at?  Or do we even know?
[11:34] {dino} vlo stopped -.30
[11:34] {dino} it doesn't matter, they are not public
[11:34] {dino} typically 30 year you pay 2.5x sales over the 30 years
[11:35] {nemo} not that, how much did the Fed by them for?
[11:35] {dino} low nemo, so even at 50% default they win over time
[11:35] {nemo} maybe....
[11:36] {dino} they really do not need this public/privated fund stuff if they hold until maturity
[11:36] {dino} even in defaults the houses are worth 50 cents on they buck on average
[11:37] {dino} the whole problem was mark to market
[11:37] {nemo} the problem is, with those sliced and diced MBS, does anybody know what's in them?
[11:37] {dino} if you don't own them who cares
[11:38] {nemo} we do own them
[11:38] {nemo} BOHICA
[11:38] {dino} ahhh, but at less thasn 50 cents on the dollar. some were taken at 25 cents
[11:38] {dino} the losses have been takn by public companies, the govt is a buyer on the cheap.
[11:39] {Threei}  (US) Fed Chairman Bernanke: Fed will be able to raise interest rates even with a large balance sheet
[11:39] {dino} they will sell them out eventually, wjhy do you think hedge funds want them now as opposed to last fall
[11:39] {nemo} The government doing something in my best interest is anethema to me
[11:39] {Threei}  TIVO new high
[11:40] {Threei}  If worst came to worst, the Fed could sell some assets from the balance sheet
[11:41] {dino} they were not, they put the screws to the companies w/m2m. they know the error of this but will never admit it, because thepublic would have their heads
[11:41] {dino} out apsg cover at .55, +.30
[11:43] {nemo} telk Vad
[11:45] {Threei}  ?
[11:45] {nemo} I saw big order @ .05 but it's not even moving.  Now half got cancelled now all cancelled
[11:54] {Threei}  Fed's Bernanke: For forseable future does not see any risk to status of reserve currency for the Dollar
06[11:55] * magoo slaps laserdave around a bit with a large trout
[11:56] {Threei}  must work toward restoring a strong US economy, that in turn will promote a strong dollar
[11:59] {Threei}  SEED support 5.80 for possible pullback entry
[12:01] {dino}  id l .40, stop .29
[12:02] {nemo} full lot dino?
[12:03] {dino} y
[12:03] {dino} itri stopped -.41
[12:08] {dino} pnk
[12:09] {nemo} dndn keeps kissing .60
[12:09] {dino} clda
[12:10] {dino} sm pnk s .50, stop .81
[12:23] {pita} zzzzzzzzzzzzzzz gotta go day job, later all
[12:24] {ese} see ya pita
[12:25] {dino}  cya pita
[12:28] {dino} daa daa daaa unhuh unhuh
[12:32] {dino} clda interesting, slow tho
[12:34] {dino} .
[12:35] {dino} nemo id 1:1
[12:39] {Threei}  MSFT CEO: will move US jobs oversea if Obama Administration raises taxes on US companies foreign profits (21.52, 0.12, 0.56%)
[12:41] {dino} law of unintended consquences
[12:42] {Threei}  yeah
[12:42] {Threei}  and ideology vs common sense
[12:45] {dino} id stop to .512
[12:45] {dino} .51
[12:49] {dino} id stopped +.11
[12:56] {vinod} Tax is not bad. Think about what people lost in market compare to what they paid in tax?
[12:57] {Threei}  not sure I see the connection... is it one or another? :)
[12:58] {dino} ???
[12:58] {Threei}  I mean, if paying higher tax would prevent market losses, then comparison would make sense
[12:59] {vinod} I believe everyone has to pay their share of tax
[12:59] {dino} higher taxes will hurt markets
[12:59] {Threei}  sure
[12:59] {ese} all right....same as pita....outta here to the days job...catch you all on the flip side
[12:59] {Threei}  but who said that share must be increased?
[12:59] {Threei}  take care ese
[12:59] {dino} cya es
[12:59] {ese} see ya vad
[13:00] {ese} dino...later
[13:01] {vinod} more tax we pay less need to borrow from china
[13:02] {Threei}  and less money we have to spend... and more money for goverment to misspend
[13:02] {Threei}  if you believe in goverment's ability to spend wisely... we just will have to agree to disagree :)
[13:03] {Threei}  and if you don't, why would you want to enable it to waste more than it already did?
[13:04] {vinod} no one expect or believe that gov.will spend wisely. we should accept that
[13:04] {Threei}  the wouldn't it be wiser to leave it with at little as possible to spend foolishly? :)
[13:05] {dino}  regan proved lower tax rates = higher receipts, problem was spending
[13:05] {Threei}  right
[13:05] {Threei}  and that is hard thing to reign
[13:06] {Threei}  tax increase gives governemtn even more room for wasteful spending AND cuts down receipts
[13:06] {dino} because politicians are whores for votes
[13:06] {Threei}  I fail to see the benefit
[13:06] {dino} vad we agree
[13:06] {Threei}  after all, USSR had the highest tax rate in history
[13:06] {vinod} did i opened up a can of worm?
[13:06] {dino} plus lower taxes are incentive to work more. higher taxes, whats the point
[13:06] {Threei}  I don't see it being mightiest state on a planet
[13:07] {dino} obamas' talking 75% rates on over $250k. that wil, kill real estate
[13:07] {vinod} i take back what i said
[13:08] {Threei}  why so timid vinod...
[13:08] {Threei}  people have right for their opinion
[13:08] {dino} vin, they don't worry about borrowing from china, because the dollar will be devalued thus cutting the borrowing that way
[13:08] {Threei}  time to decide on TIVO I guess
[13:08] {jfjf64} tivo
[13:09] {Threei}  will try to exit above .50
[13:10] {dino} the fed just admitted the devaluation is preferrable. go to article fed's currency colapse gambit
[13:10] {Threei}  stop .15
[13:13] {dino} pnk bstop to .45
[13:19] {Threei}  TIVO is ready
[13:20] {dino} where to short it, hmmm
[13:31] {Threei}  i am out
[13:31] {Threei}  +.60
[13:32] {jfjf64} nice job 
[13:32] {Threei}  can I go home?
[13:32] {nemo} look aroun
[13:32] {nemo} around
[13:32] {magoo} NOPE
[13:32] {nemo} where eqzaktly do you think you are?
[13:41] {Threei}  wow FEED
[13:41] {Threei}  what happened there?
[13:41] {nemo} you were right....80 support
[13:53] {nemo} gold taking a nice pasting
[13:53] {dino}   clda sm l .30
[13:54] {dino} pnk to .37 bstop
[14:00] {dino} tcl l .25 stop lod
[14:00] {dino} pnk to .35
[14:13] {dino} pnk covered .33, +.17
[14:26] {Threei}  TIVO still not done
[14:27] {nemo} feed breaking out a bit too
[14:30] {vinod} i was out of TIVO at 0.22 wow!!!
[14:33] {vinod} have a nice day--see you tomorrow
[14:33] {Threei}  take care vinod
[14:33] {nemo} nite vinod
[14:36] {nemo} GILD had quite a run today
[14:38] {dino} cya vin
[14:39] {magoo} vad..we in anything here?
[14:39] {nemo} coma
[14:40] {Threei}  yeah, that
[14:48] {dptl} have a good evening all
[14:48] {Threei}  take care dp
[14:48] {nemo} dp :)
[14:53] {Threei}  what a short killing machine this TIVO is eh
[14:54] {dino} pru l .63
[14:54] {Threei}  total murder for the standard "too high, let's short it" thinkers
[14:56] {dino} pru stop tpo .80
[14:57] {dino} to .90
[14:58] {dino} out pru .95, +.32
[14:58] {nemo} $1300 an hour, not bad
[14:59] {dino} you take it?
[14:59] {dino} how about that id earlier?
[15:00] {nemo} does an Ursus Major defecate in the wilderness?
[15:00] {dino} i suppose if camping
[15:00] {nemo} I think campers are their food
[15:01] {dino} well then good times
[15:01] {nemo} I forgot, what did you do with ID, Herr Freud
[15:01] {nemo} Remember the Far Side cartoon with the Polar Bears and the Igloos?
[15:01] {dino} out .51 fl, +.11
[15:02] {dino} did that voodoo that es does so well
[15:02] {nemo} I don't see a minus sign
[15:02] {dino} same w/pru
[15:03] {dino} vlo, itri earlier there were
[15:03] {nemo} Yeah, I was wondering when you went long VLO just before the oil numbers came out
[15:03] {Threei}  (US) Reportedly Obama Administration planning to release outline of financial regulatory overhaul on June 17th, according to sources - unconfirmed report
[15:03] {Threei}  - US Treasury Sec Geithner to discuss administration proposals for financial regulation at June 18 hearing.
[15:03] {nemo} that will be an interesting market day
[15:04] {Threei}  (RU) Russian President Medvedev: Wants to believe higher oil prices reflect fundamentals
[15:04] {Threei}  - Current price of oil makes him optimistic about Russian economy. (related USO RSX EUR/RUB USD/RUB )
[15:05] {nemo} You see this on Tivo earlier:
[15:06] {Threei}  ?
[15:06] {Threei}  this is news TIVO gapped on
[15:07] {nemo} I have no idea, but I said earlier so as not to make people think it just came out
[15:23] {dino}   hearing the easy button
[15:30] {dino} clda stop to .29
[15:31] {larisa} dino is my hero, never sleeps or in the coma :)
[15:31] {nemo} gag
[15:32] {larisa} the rest of you guys.....
[15:32] {larisa} need more energy :)
[15:32] {nemo} you included Larry?
[15:32] {larisa} regretfully :)
[15:32] {nemo} to be us
[15:33] {Threei}  dunno... I am proud of my ability to stay in coma
[15:35] {dino} oh yes i do larisa, feet on desk watching tv
[15:35] {dino} clda stopped -.01
[15:36] {larisa} last hero dissapeared in the thin air
[15:36] {nemo} expectations
[15:36] {dino} i am more of the anti-hero
[15:37] {nemo} clean cut all american boy I'll bet
[15:37] {nemo} dog, coupla kids, brings the wife flowers
[15:37] {dino} well, that clean living i do, lol
[15:37] {nemo} class president, captain of the football team
[15:38] {nemo} goes to church on sundays
[15:38] {dino} no, just a self employed dude
[15:38] {larisa} lol
[15:39] {nemo} One black spot though....
[15:39] {Threei}  wait... flowers?
[15:39] {nemo} Do you know what it is Dino?
[15:39] {dino} no?
[15:39] {nemo} MAGOO
[15:40] {dino} lol
[15:43] {dino} joyg l .00
[15:51] {dino} out .10, +.10
[15:51] {dino} tee time in 40
[15:51] {Threei}  thing to keep an eye on tomorrow: XING
[15:52] {nemo} frickin' market taking off
[15:52] {dino} indeed
[15:54] {magoo} strong mkt
[15:58] {Threei}  okay guys, thank you all
[15:58] {Threei}  have a good evening
[15:58] {Threei}  see you tomorrow
[15:58] {nemo} so far, minor pull back
[15:58] {magoo} ty vad..everyone
[15:59] {fernp} good evening
[15:59] {dino} cya vad fern
[15:59] {nemo} evenin'
[15:59] {larisa} bye
[15:59] {nemo} you close joyg dino
[15:59] {dino} out tcl .24 -.01
[16:00] {dino} yes see above got +.10
[16:00] {dino} holding nothing
[16:00] {nemo} yep
[16:01] {dino} ok, gotta hop, golf calls

Tuesday, June 2, 2009

Jun 02 2009

Four or five calls, depending on how you count - and all of them worked. No complaints here.

Session Time: Tue Jun 02 00:00:00 2009

[08:21] {vinod} good moring to all
[08:21] {nemo} vino :)
[08:22] {vinod} I have whole day to spend here  will have fun
[08:22] {nemo} you quit work? :)
[08:24] {vinod} No, i am working with IBM warranty people to replaced some pars
[08:24] {Threei}  Good morning guys
[08:26] {vinod} :)
[08:37] {fernp} good morning
[08:39] {Threei}  fern :)
[08:40] {Threei}  wow... red futures
[08:40] {Threei}  not an often sight lately
[08:42] {nemo} spy an Qs been dropping since 8:00
[08:42] {nemo} Larisa :)
[08:42] {larisa} good morning :)
[08:42] {Threei}  larisa :)
[08:48] {nemo} anything on the radar Vad?
[08:49] {Threei}  watch WFC for steep selloff, then sizeable bounce
06[08:49] * nemo slaps magoo around a bit with a large trout
[08:50] {magoo} morning
[08:50] {Threei}  magoo :)
[08:50] {magoo} vad
[08:50] {magoo} u playing wfc here?
[08:50] {dptl} good morning all
[08:50] {Threei}  no
[08:50] {Threei}  dp :)
[08:50] {Threei}  it tends to do that after the open
[08:50] {Threei}  just like STT used to
[08:50] {magoo} i left early, how did mkt finish?
[08:51] {Threei}  uneventfully
[08:51] {Threei}  how's your ankle?
[08:51] {magoo} so no big selloff?
[08:51] {Threei}  no
[08:52] {magoo} ty
[08:58] {Threei}  (RU) Russian Dept Fin Min: Reiterates that BRIC leaders will discuss regional reserve currency issues at June 16th summit; Russia does not plan to alter the currency structure for oil funds
[09:06] {Threei}  BAC To Comfortably Exceed Capital Target
[09:06] {Threei}  - Has raised almost $33B towards the $33.9B capital buffer identified by the Federal Reserve'
[09:07] {cosmo} raised?
[09:07] {Threei}  MS Pricing 80.2M common stock offering at $27.44/shr ($29.89 last)
[09:08] {Threei}  RMBS US PTO rejects patent claims Rambus is asserting against NVIDIA
[09:13] {ese} gm
[09:14] {Threei}  ese :)
[09:14] {nemo} ese
[09:15] {ese} hey nemo
[09:16] {dino} gm all
[09:16] {Threei}  dino :)
[09:17] {nemo} dino :)
[09:18] {dino} rmbs up on that?
[09:18] {Threei}  and NVDA too, lol
[09:23] {chinggis} gm all
[09:25] {Threei}  chinggis :)
[09:25] {jfjf64} mornin
[09:25] {Threei}  jf :)
[09:32] {Threei}  BAC Deutsche Bank comments on recent banking capital raises; sees negative implications for BAC (timing uncertain
[09:33] {nemo} love all these "timing uncertain" that are showing up on analyst price or direction calls
[09:33] {Threei}  watching GG for entry on pullback under 37
[09:33] {Threei}  dive under 37, new strength, entry with stop under .80
[09:34] {Threei}  37 recross if holding .90
[09:34] {Threei}  stop fro scalpers under .90, for day traders under .80
[09:34] {magoo} missed
[09:34] {nemo} me too
[09:35] {dino} ddup gets in bidding war and is up 4+ pts
[09:35] {Threei}  anyone got it, half out here
[09:35] {Threei}  WFC, selloff become interesting
[09:36] {Threei}  .60 break long
[09:36] {Threei}  if holding .50
[09:36] {Threei}  full out GG
[09:37] {jfjf64} ty
[09:37] {Threei}  welcome jf
[09:38] {jfjf64} wfc
[09:39] {Threei}  SQNM, we intended to watch it today for a break
[09:39] {Threei}  need some pullback for entry
[09:40] {jfjf64} wfc ty
[09:42] {jfjf64} out too soon ouch
[09:43] {nemo} nice jf, went in even after it broke support
[09:43] {wulff} +.27 WFC
[09:43] {Threei}  DRYS
[09:43] {Threei}  pullback into .10 - .15 area long
[09:44] {dino} cah
[09:44] {ese} id be up for that
[09:44] {Threei}  tom, you still have FEED?
[09:44] {dino} par, cvlt, layn
[09:44] {tomg} sold it vad, 7.25
[09:44] {Threei}  wtg
[09:44] {tomg} ty 
[09:45] {tomg} and ty for the help on it
[09:45] {Threei}  welcome sir
[09:45] {Threei}  DRYS
[09:46] {Threei}  first strength
[09:47] {pita} greetings
[09:47] {Threei}  pita :)
[09:47] {Threei}  in .11
[09:47] {pita} in what?
[09:47] {Threei}  stop under .05
[09:48] {Threei}  DRYS
[09:48] {pita} ty
[09:48] {Threei}  SQNM is pulling back
[09:49] {Threei}  no clear entry yet
[09:52] {Threei} Long Setup:  SQNM  .60 break
[09:52] {ese} L intc .23
[09:52] {Threei}  DRYS half out
[09:52] {Threei}  scalpers take profit
[09:52] {jfjf64} ty
[09:52] {fernp} ty Vad Im out
[09:52] {Threei}  welcome guys
[09:54] {dino} sm s par .74
[09:55] {Threei}  1/4 more out DRYS
[09:55] {Threei}  stop .09 for the last portion
[09:58] {ese} if i'm in...out intc .36 +13 15k worth
[09:58] {Threei}  good one
[09:58] {Threei}  caught my DRYS entry?
[09:58] {nemo} done for the day ese?
[09:59] {ese} close
[09:59] {ese} was not scarry....have seen that pattern in intc a zillion times lately
[10:00] {ese} it follows the qqqq to a tee
[10:00] {Threei}  *APRIL PENDING HOME SALES (M/M): 6.7% V 0.5%E
[10:00] {Threei}  what?
[10:00] {nemo} GO LONG!!!!!
[10:00] {dino} gj es
[10:00] {nemo} might have a 1000 point day today
[10:01] {ese} thanks was in and out again .41 to .50 +.09 15k
[10:02] {dino} keep doing that voodoo that you do
[10:02] {dino} cah sm l .75
[10:02] {ese} am  buying vad an expensive wine to celebrate....have to make some money
[10:03] {dino} lol, just bring moonshine
[10:04] {nemo} dino, ese, ever listen to Warren Haynes' "Soulshine?"
[10:04] {dino} nope
[10:04] {Threei}  6.7% is best m/m reading since Oct 2001
[10:04] {ese} nope
[10:04] {Threei}  Dow Jones Industrial Average moves into positive territory for year
[10:04] {Threei}  - Above its 200-day mvg avg of 8751
[10:05] {ese} long intc pullback .41
[10:05] {ese} ahhh looks like most of it .42
[10:06] {Threei}  DRYS stop to .15 for the last piece
[10:06] {ese} stop .34
[10:11] {wulff} WFC has .90 resistance to cross
[10:12] {ese} out intc ..35 -.06 
[10:13] {ese} 8k
[10:13] {ese} hmmmmm
[10:13] {nemo} watsa matta u
[10:14] {nemo} somebody must have read the fine print on the home sales data
[10:14] {dino} out cah .20, +.45
[10:14] {ese} plan is working......take less shs as you go along and stick to stops
[10:14] {nemo} yes, noticed that in your modus operandi
[10:14] {dino} protect your gains is good
[10:15] {Threei}  done with DRYS
[10:15] {dino} hate to do it, but.... dieeeeeeeeeeeeeeeee par
[10:15] {ese} yup wait for another oportunity
[10:15] {Threei}  told ya something was wrong with CTIC
[10:16] {Threei}  FEED on the other hand...
[10:16] {Threei}  CME Price Target raised to $375 from $275 at CS
[10:19] {dino} fwiw fri gaps 8500, 1435, 919
[10:19] {ese} for those of you that can afford say......ummmmmm10000shs   ehhhhh CME
[10:20] {ese} an easy 1 mil
[10:20] {dino} you do it?
[10:21] {Threei}  larisa could easily do that off her VNDA proceeds
[10:21] {larisa} ese, once you experience being on wrong side of the market with that number of shares, your spirit will be broken forever :)
[10:22] {dino} wow, forever is a long time, longer than i can recall; :)
[10:22] {larisa} lol
[10:23] {Threei}  ah come on... take your stop, inhale a shot of vodka, go back to trading
[10:23] {ese} have experienc ed a big one but not that one......not sure that id wish that on my worst enemy
[10:23] {dino} as long as stop is followed, i agree 3i
[10:23] {nemo} only 1 shot? :(
[10:24] {dino} most i lost in day was an overnight about 5 years ago, -15k
[10:24] {_traderw} test
[10:24] {Threei}  passed
[10:24] {_traderw} :)
[10:25] {Threei}  A+ too
06[10:25] * magoo slaps laserdave around a bit with a large trout
06[10:25] * nemo slaps _traderw around a bit with a large passing grade
[10:25] {Threei}  lol
[10:25] {dino} welcome to our jungle traderw
[10:25] {nemo} asylum dino
[10:25] {_traderw} lets see if I got what it takes :)
[10:25] {_traderw} thanks btw
[10:25] {Threei}  prepare to be slapped relentlessly... for we are cruel bunch
[10:26] {ese} welcome trader
[10:26] {_traderw} glad to hear it
[10:26] {nemo} I have trouble typing with my elbows with these really long sleeves tie behind my back
[10:26] {_traderw} lol
[10:26] {Threei}  but you did well learning to drink holding the glass between your teeth
[10:26] {ese} don't take that 10000 shs of CME seriously ........i was just kidding
[10:27] {larisa} lo, ese
[10:27] {larisa} +l
[10:27] {Threei}  what??
[10:27] {Threei}  what do I do with my 10K CME now??
[10:28] {ese} ha ha .....ha ha
[10:29] {ese} i do however trader.....follow vad blindly.....but thats mostly because of vodka
[10:31] {ese} L intc .25 by the way
[10:31] {_traderw} is blindly following an option ?
[10:32] {ese} indeed
[10:32] {Threei}  bad one, but it's an option
[10:32] {_traderw} good :)
[10:32] {Threei}  lol
[10:32] {_traderw} its a start
[10:33] {Threei}  most of our dialogs are right out of asylum, I swear
[10:33] {Threei}  especially when ese, magoo and nemo are leading figures
[10:33] {ese} hey!!!! i represent that remark
[10:34] {_traderw} no problem I am completely normal and balanced, that's why  try to tade
[10:34] {dino} options on 3i, hmmm what exp. date
[10:34] {Threei}  hopefully you will represent an addition to sane part of the room
[10:34] {Threei}  like larisa, patience, me
[10:34] {Threei}  and Alert
[10:35] {Threei}  cosmo would be sane too if he believed in gravity
[10:35] {patience} ty vaddy   :)
[10:36] {nemo} Raven is pretty sane...basically abstains...observing from afar
[10:36] {Threei}  ENER CEO: Remain guarded regarding the remainder of year 2009's outlook (17.26, 0.02, 0.12%)
[10:36] {Raven} thx :)
[10:37] {larisa} I am not sane, I just do not drink
[10:37] {Raven} I'm sorry Larisa
[10:37] {nemo} Anybody who likes Poe has to be sane :)?
[10:37] {Raven} Neverenough
[10:38] {nemo} Ever read Goethe's the elfking Raven?
[10:38] {Threei}  GM Reportedly offering Dealerships approx $100K-$1M to shut down; Dealers must make decision by mid June
[10:39] {Raven} nope
[10:39] {nemo} right up Poe's alley
[10:39] {dino} ]wow larisa, and i pictured you like the st paulie gal
[10:40] {Raven} I see
[10:40] {nemo} rhymes better in German, but still good in English
[10:40] {Raven} {-------- does not do German
[10:40] {nemo} that's fine, just info
[10:41] {Raven} OK ... duly recorded
[10:42] {Raven} Raining here ... has screwed up my morning hike ... annoying
[10:43] {dino} here too raven cut mine short
[10:43] {dino} cyou pop
[10:44] {Threei}  you east coast guys
[10:44] {Threei}  too much misery, really
[10:44] {nemo} huh?
[10:44] {nemo} saying it's raining is misery?
[10:44] {Threei}  we have a blissful summer here
[10:44] {Raven} yes ... a way of life 
[10:45] {Raven} and Thursday I leave for northern Minnesota and North Dakota ... am I nuts?
[10:45] {dino} perhaps
[10:45] {Raven} sigh
[10:45] {Threei}  see... and nemo called you sane
[10:46] {Raven} careful
[10:46] {dino} sohu
[10:46] {nemo} relative of course
[10:46] {dino} gap around 63.20
[10:46] {Raven} I am not a relative
[10:46] {Threei}  SQNM held by fingertips
[10:47] {nemo} I thought support was @ .53?
[10:48] {Threei}  wierd place for a support
[10:49] {nemo} goes back to 9:49
[10:49] {Threei}  this is the way to place stops only if you go for scalp type 1
[10:50] {nemo} touched again 10:04 and 10:05, 10:06 and then dropped
[10:50] {Threei}  my point is:
[10:50] {Threei}  I would never place stop at such price as .53 or .52 unless I go for scalp type I
[10:51] {Threei}  under .50, sure
[10:51] {Threei}  under .53? shrug
[10:51] {nemo} I had it @ .51
[10:51] {Threei}  even wierder
[10:51] {nemo} 2 cents under support?
[10:51] {Threei}  1 cent above natural round number support?
[10:53] {nemo} I've been experiencing slippage under "natural" support often lately, so by the time I've gotten out has been a bit expensive
[10:54] {nemo} Would the next logical support below have ben around 3.44?
[10:54] {nemo} ben=ben
[10:54] {Threei}  yes
[10:54] {Threei}  1:1 SQNM
[10:55] {Threei}  and little C&H on intraday
[10:55] {Threei}  half out
[11:06] {dino} neog
[11:13] {dino} par bstop to .45
[11:15] {dino} cov par .44, +.30
[11:15] {dino} cah interesting again
[11:16] {dino} off of .50 sm l
[11:17] {dino} neog getting wide, thin one
[11:18] {ese} just goes to to show how the  financial media know "d^^k".    I must have read at least 3 articles late lst night that talked about how volitile the DOW would be today because of CSCO replacing GM and somebody esle replacing C citi oh opposite of what they say should be the norm
[11:18] {Threei}  hehe
[11:18] {Threei}  they do way better whe they write explanations to what happened at the end of the day
[11:19] {ese} indeed
[11:21] {ese} oh oh Vad....just noticed ....getting a warning that my intelliscan account expires in one day...where do i go to renew
[11:21] {ese} your website
[11:21] {magoo} u cant lol
[11:21] {ese} huh
[11:21] {nemo} why are you listening to magoo?
[11:21] {Threei}  let me look
[11:22] {ese} i don't even think i know what my passwords are
[11:22] {Threei}  can you dcc me the username?
[11:22] {Threei}  it's right on the little window with green bars
[11:22] {Threei}  says
[11:22] {Threei}  Connecte as
[11:23] {Threei}  look again
[11:24] {Threei}  at the warning I mean
[11:24] {ese} have dcc ya
[11:24] {Threei}  I got it...
[11:24] {Threei}  look at that warning again
[11:24] {Threei}  has it changed?
[11:25] {ese} ahhhhh thanks.....396 days to go
[11:25] {Threei}  :)
[11:25] {nemo} what's your stop Dino on cah?
[11:26] {ese} added some more intc , avg position now .28
[11:28] {Threei}  how did I miss COMS
[11:28] {nemo} coma?
[11:29] {dino} .15 nemo
[11:29] {jfjf64} ohh boy
[11:29] {dino} neog feels like one more pop, and then drop
[11:30] {dino} my gut still says this is the white horse day, and on its back rides death
[11:31] {nemo} I thought death came on a black steed?
[11:31] {dino} tombstone, wasn't it a white horse
[11:31] {nemo} pale horse, yeah
[11:32] {nemo} sorry
[11:32] {nemo} my spanish sucks
[11:32] {magoo} pale horse 
[11:32] {dino} lol
[11:32] {nemo} Weisse Pferd
[11:32] {dino} look at dji drop
[11:42] {magoo} vad,u watching rimm aapl for trade?
[11:42] {Threei}  not really
[11:43] {dino} missing entries, neog was waiting s .90, xnpt was waiting s .60 ugh
[11:43] {dino} cx and re-think
[11:43] {nemo} Geez dino...focus...let me do the daydreaming
[11:43] {dino} sorry bro, i'll try harder
[11:44] {dino} still have cah?
[11:44] {nemo} no, when it broke .30
[11:44] {dino} ok
[11:44] {dino} i do
[11:44] {nemo} Yes from .15
[11:44] {dino} size nemo?
[11:44] {nemo} what size?
[11:44] {dino} y
[11:45] {nemo} 300
[11:45] {dino} ok, you were in at .15?
[11:45] {nemo} no, your stop was .15
[11:45] {nemo} I got in with you @50 stopped at .30
[11:45] {dino} ok, no i see, in at .50,my stop .15. with 300 why so tight?
[11:46] {dino} now
[11:46] {nemo} had that long support of 4o minutes an then broke it.  
[11:46] {dino} ok, valid, i am simply 1:1 for stops
[11:47] {dino} thing is dead tho, won't move
[11:47] {nemo} yeah, that blip up matched spy
[11:48] {dino} watching bwld, close to lod, with a gap from yesterday open at 35.50ish
[11:48] {nemo} volume spikes are not moving the price
[11:49] {dino} neog taunting me again
[11:49] {ese} hmmmmm you may be right seems to be slowly creeping down despite the good housing new
[11:50] {ese} news
[11:50] {dino} sm risky s neog .80
[11:50] {dino} bstop .15
[11:51] {nemo} good on ya' cah, stop was too tight
[11:52] {Threei}  RIMM maybe shaping up for bounce magoo
[11:52] {dino} not enough yet
[11:52] {magoo} where u thinkin
[11:52] {Threei}  .10 break if holding above 82
[11:52] {Threei}  stop is tight enough for fair try
[11:52] {magoo} in .12
[11:52] {dino} .85-.95 area
[11:53] {Threei}  NSANY Reports May US sales -33%
[11:53] {Threei}  1:1 RIMM
[11:53] {magoo} AAPL too
[11:53] {Threei}  half out .26
[11:54] {Threei}  DAI.GE Reports Mercedes Car division May US Sales 16,303; -33.4% y/y; vs 15,910 m/m
[11:54] {Threei}  - Smart USA units 1,169 v 2,695 y/y
[11:54] {Threei}  - Mercedes 15,134 v 21,785 y/y
[11:54] {Threei}  Smart sells in USA?
[11:55] {Threei}  out 1/4 more RIMM .32
[11:55] {dino} that little car, i've seen it on roads
[11:55] {dino} like a golf cart
[11:55] {Threei}  it sells in Canada for a while... I thought not in US
[11:56] {nemo} I've seen some around Boston
[11:56] {nemo} You don't have to buy a coffin.  They squash to fit in a standard sized grave.
[11:56] {Threei}  fairly popular in BC... prairie winter, it's not as Smart under 5ft of snow, lol
[11:57] {nemo} As long as it stays cold enough, the remains will be preserved
[11:57] {Threei}  Prez on TV
[11:57] {dino} roflol
[11:57] {nemo} He reimbursing us for taking his wife on a "date" to NY
[11:58] {dino} solves the heathcare crises, maybe thats the idea
[11:58] {dino} how much does air force 1 + security cost?
[11:58] {nemo} He flew up in a Gulfstream
[11:59] {nemo} with two other jets following him
[11:59] {dino} cheaper to call spitzer's gal
[11:59] {nemo} entourage
[11:59] {Threei}  last portion stopped breakeven RIMM
[11:59] {dino} heck, monica would just drop by
[11:59] {nemo} that's not all she drops
[11:59] {nemo} or drips
[12:01] {pita} janitor?
[12:01] {Threei}  he is getting angry
[12:01] {nemo} why? because he's not so witty :)?
06[12:01] * nemo slaps nemo around a bit with a large ball gag
[12:01] {Threei}  because his union pay is gone
[12:02] {pita} Monica is fair game
[12:02] {Threei}  F Reports May vehicle sales -24.2% v -33%e (unadjusted)
[12:02] {Threei}  - Stronger sales have reduced inventories, requireing increased production levels
[12:03] {pita} drys here Vad?
[12:03] {nemo} Dino, looks like you might have a head and shoulders going there on CAH, stop tighten?
[12:04] {ese} dino ....right on you were trading the rumor...CAH Raising dividend 25% to $0.175 from $0.14 prior
[12:04] {Threei}  nah pita
[12:04] {Threei}  just not compelling
[12:04] {dino} yes to .24
[12:05] {ese} sorry did i get that wrong it was pita and not dino
[12:05] {nemo} ese, was it CAH?
[12:05] {dino} came out before mkt opened nemo
[12:05] {ese} i thought so......i got cut off a while back and so don
[12:05] {ese} t have all the converszation
[12:06] {dino} you drink too much then if cutting you off
[12:06] {dino} nemo, es xnpt thoughts
[12:06] {ese} part of summer drinking plan....what can i say
[12:07] {ese} i wouldn't go for it ....i would wait for pullback
[12:07] {ese} does look one of those ones that will just keep going though
[12:08] {dino} want to short it
[12:08] {nemo} why did it jump?
[12:08] {ese} ahhhhhh.......someone else will have give there 2 bits dino.....i'm still a rookie when it comes to shorting
[12:09] {nemo} from yesterday
[12:09] {nemo} heartburn medicine in trials
[12:10] {ese} market seems to be picking up a bit of momentum though careful
[12:10] {ese} my indeses are now all green
[12:10] {ese} indexes
[12:10] {nemo} volumes are weakening on xnpt, but it is lunch
[12:11] {nemo} next time through .60
[12:12] {nemo} there you go
[12:12] {nemo} probably test resistance at .40
[12:14] {nemo} sorry, support
[12:15] {dino} cah stopped
[12:15] {nemo} out cah Dino
[12:15] {nemo} duh
[12:16] {magoo} long aapl .10 small
[12:16] {magoo} stop .94
[12:18] {ese} xnpt ....nice instinct dino....whether you were in or not
[12:25] {dino} missed it
[12:28] {ese} ya...but it was a good insinct non the less
[12:28] {dino} went to .75 and phone rings, thing hits .72 no fill
[12:29] {magoo} out aapl
[12:35] {Threei}  yawn
[12:36] {Threei}  I am not complaining about today, mind you
[12:36] {Threei}  lately we had two-three trades before activity died down,
[12:36] {Threei}  today we had what, 5-6?
[12:37] {nemo} wfc invalimudated, though JF took it
[12:37] {nemo} GG
[12:37] {nemo} RIMM quasi-call
[12:37] {nemo} DRYS
[12:37] {jfjf64} drys
[12:37] {Threei}  WFC was one that went dicretionary, yeah
[12:37] {Threei}  lost support but not by much
[12:37] {Threei}  so became kind of,
[12:38] {Threei}  you likey - you takie
[12:38] {Threei}  SQNM
[12:38] {nemo} yeah, so four
[12:38] {Threei}  RIMM
[12:38] {nemo} got that already, but that was discretionary
[12:39] {Threei}  why?
[12:39] {Threei}  it haven't viloated support before triggering
[12:39] {nemo} you were talking to magoo...anything with magoo is discretionary
[12:39] {Threei}  lol
[12:39] {jfjf64} gg   drys   sqnm  rimm     wfc
[12:40] {nemo} 3 calls  1 discretionary 1 magoo
[12:40] {Threei}  I suggest to rename him
[12:40] {Threei}  into magoodis
[12:40] {nemo} putz?
[12:40] {Threei}  has this greek sound about it
[12:40] {nemo} or lithuanian
[12:40] {Threei}  or that
[12:41] {dino} neog tighten bstop to .02
[12:41] {nemo} missed that Dino, you short neog?
[12:41] {dino} y .80
[12:42] {dino} not moving
[12:43] {jfjf64} gotta run my friends    later    ty vad
[12:43] {nemo} P&Q
[12:43] {dino} cya jf
[12:45] {Threei}  take care jf
[12:51] {Threei}  7261.JP Reports May US Sales 16,718; -40.1% y/y; vs 16,139 m/m
[12:51] {Threei}  that's Mazda
[12:52] {dino} sm cah l .00
[12:52] {nemo} stop
[12:52] {nemo} ?
[12:55] {dino} .73
[13:01] {ese} Gota go everyone....still long intc.....we'll see what happens at the end of the day
[13:01] {dino} gl and cya
[13:01] {fernp} bye ese
[13:01] {Threei}  take care ese
[13:01] {dino} .22 wall nemo, thoughts
[13:02] {dino} stop to .22
[13:03] {dino} out .22, +.22 cah
[13:03] {nemo} nj
[13:03] {dino} ty, maybe size up around .00 and out sooner
[13:03] {larisa} nj is it better than gj ?
[13:04] {nemo} nice job
[13:04] {larisa} I know, just curious :)
[13:04] {nemo} I can think of other jobs that are better though
06[13:04] * larisa slaps nemo around a bit with a large trout
[13:04] {nemo} what's that for?
[13:05] {nemo} I know what you were thinking
[13:08] {dino} vad, squish that neog into the dirt please
[13:08] {Threei}  where do you want it?
[13:08] {dino} to 23.02
[13:09] {Threei}  okay, lemme try
[13:10] {dino} ty
[13:23] {dino} neog bstop to .82, thing won't move
[13:23] {dino} if lord vader can't sink it selling 1,000,000 shares nothing can
[13:23] {nemo} lotta' help Vad was...:(
06[13:24] * Threei slaps nemo around a bit with a large request to be patient
[13:24] {nemo} as if on queue
[13:26] {dino} sometimes i think vad's on that pale horse
[13:28] {Threei}  I try to stay away from those... tend to fall asleep which is not really good equestrian practice
[13:28] {dino} lol
[13:29] {nemo} as long as you land on your head Vad you'll be fine
[13:32] {Threei}  abuse I take...
[13:32] {nemo} you attract sadists like yourself
[13:32] {Threei}  I am not a sadist... I just enjoy inflicting pain
[13:33] {nemo} Ahhhh....o.k......mmmmmhhhhh...nevermind
[13:33] {nemo} speaking of masochism, frickin' neog
[13:38] {dino} sm l osip .00
[13:39] {dino} hard stop in on neog, let it trade
[13:39] {dino} qsii sm l .30
[13:41] {Threei}  MSFT Windows 7 to be available Oct 22
[13:47] {Threei}  GMGMQ Reports May vehicle sales 191,875 -29.6% v -41%e (unadjusted) (0.57, -0.18, -23.85%)
[13:50] {chinggis} heb
[13:51] {Threei}  TM Reports May US Sales 152,600; -38.4% y/y and v 126.5K in April (81.17, -0.55, -0.67%)
[13:51] {Threei}  let me get this straight
[13:51] {Threei}  GM outsold Toyota in May?
[13:52] {Threei}  with its inferior line-up, lack of green cars and under bakruptsy threat?
[13:53] {dino} seems so
[13:53] {Threei}  if this is not the proof that our powers that be either got it all wrong
[13:53] {Threei}  or fabricated whole line of arguments
[13:53] {dino} i think they usually do vad
[13:53] {Threei}  in order for it to fit their agenda
[14:07] {dino} qsii stop to .59
[14:07] {dino} 3i you still stepping on neog?
[14:07] {Threei}  you don't see the result??
[14:08] {Threei}  I drew the line in the sand at .80
[14:08] {Threei}  and continue whacking it over the head
[14:09] {dino} why thank you
[14:09] {dino} figured you pick off my .82 bstop, :)
[14:09] {Threei}  yeah, kept it within spitting distance
[14:10] {dino} indeed
[14:13] {dino} qsii slipped stopped .55, +.25
[14:13] {magoo} vad..mkts gonna rip or rot into last hour iyo?
[14:13] {Threei}  a little of both and nothing decisive in the end...
[14:14] {magoo} a ROP :)
[14:14] {Threei}  lol
[14:15] {dino} i still see death
[14:16] {Threei}  {death, sneaking behind the corner and putting the hood, fake moustage and sunglasses on} what about now?
[14:17] {pita} adios amigos
[14:17] {Threei}  take care pita
[14:17] {dino} adios pita
[14:18] {Threei}  sh*t...
[14:18] {Threei}  all this TV talk "latinos in america, how latinos change america" make me realize:
[14:18] {dino} thinking the family guy death
[14:18] {Threei}  I never had a second thought about it,
[14:19] {Threei}  now that they are telling me those thoughts would be rasist, THEY make me pay attention to it
[14:19] {Threei}  law of unintended consequences anyone?
[14:19] {larisa} $5 AMZN will take 85 today :)
[14:19] {dino} nonsense, what about the irish, brits, canadians, etc....
[14:20] {Threei}  no betting larisa...
[14:20] {Threei}  sorry
[14:20] {larisa} why :(
[14:20] {Threei}  'cause I agree
[14:20] {Threei}  and mark this day in calendar
[14:20] {larisa} what a killer for shorts
[14:20] {Threei}  I mean how often I agree with you'
[14:23] {larisa} market will close +120
[14:23] {Threei}  ok... this I disagree :)
[14:23] {larisa} lol
[14:23] {Threei}  see... alance is retsired in the world
[14:23] {Threei}  balance
[14:23] {Threei}  restored
[14:23] {Threei}  sheesh
[14:26] {nemo} 'ally!!!
[14:30] {larisa} it is so amazing  how sellers are powerless when stock is squeezing
[14:33] {Threei}  uh oh
[14:33] {Threei}  now it becomes really disturbing
[14:33] {Threei}  I agree with Larisa second time, in a span of a single day
[14:34] {nemo} do you want to be euthanized vad?
[14:34] {dino} osip stop to .14 mkt drop
[14:34] {Threei}  it may come to that nemo
[14:34] {nemo} See what you've done Larry
[14:35] {larisa} I just wanted to make $5
[14:35] {nemo} nj on QSII dino, why that .35 entry?
[14:35] {dino} .30 entry, was the hod at the time
[14:36] {nemo} I was wondering...saw that @ 10:30 thought that might be how you came up with it.
[14:36] {dino} shld wow
[14:37] {dino} yeah, mkt was moving up, so figured breakout
[14:46] {dino} out osip .15, +.15
[15:00] {dino} oh ooh, hit wrong symbol, s sm cah .58
[15:00] {Threei}  NEOG made half way
[15:00] {dino} .63 bstop, mistake
[15:00] {Threei}  almost
[15:00] {dino} still short it vad
[15:01] {dino} cah stopped .61, -.03
[15:02] {Threei}  RU) Russian President Medvedev: World needs more reserve currencies; believes Russian GDP could be -6% or worse in 2009
[15:02] {Threei}  let's adopt rouble
[15:03] {_traderw} use the Zimbabwe $, they have lots
[15:03] {Threei}  dp will be able to use those numbers of significance again... 3.62 and 4.12
[15:03] {Threei}  meaningful for any Russian
[15:04] {larisa} ?
[15:04] {Threei}  I would traderw, but I still have to go through my considerable baggage of mongol tougricks
[15:04] {Threei}  ok larisa... meaningful for any male russian
[15:04] {_traderw} :D
[15:05] {dino} peet
[15:05] {Threei}  those are old prices of bottle of vodka in soviet times
[15:06] {dino} whats w/these coffee stocks
[15:06] {nemo} price of coffee going through the roof
[15:07] {Threei}  ask your husband whether 3.62 and 4.12 have any meaning to him, tell us his answer tomorrow :)
[15:07] {larisa} do not want to make him cry :)
[15:08] {dino} is it nemo?
[15:08] {nemo} yes
[15:08] {dino} ty
[15:08] {nemo} really bad harvests in south america
[15:09] {nemo} smelling like a rally into the close
[15:10] {nemo} oops...'ally into the close
[15:17] {vinod} sorry to bother you guys. any news why HEB spike up?
[15:18] {Threei}  nothing fresh
[15:18] {vinod} thanks
[15:18] {dino} annual data released today in premkt
[15:19] {Threei}  FDA said last week, it will need 1-2 weeks additionally to review their application
[15:24] {Threei}  se? a little up, a little down
[15:25] {dino} neog bstop to .40
[15:25] {dino} cover .40, +.40
[15:25] {larisa} gj
[15:25] {dino} all dayer
[15:25] {Threei}  whew
[15:25] {Threei}  I can stop hitting it?
[15:25] {dino} wow glad i tightened that
[15:25] {nemo} tired?
[15:26] {Threei}  what do tou think
[15:26] {nemo} indexes just spiked
[15:26] {dino} lol, i'll buy the first round
[15:29] {Threei}  al qaeda says they don't like US
[15:29] {Threei}  wow
[15:29] {dino} shocking
[15:29] {Threei}  I am breathless
[15:31] {dino} xnpt sm s .37, stop .61
[15:31] {Threei}  ELN Talks with BMY have reportedly ended; unclear if talks will recommence - unconfirmed report
[15:31] {Threei}  - Note:Yesterday UBS and Deutsche Bank were skeptical of likelihood for deal speculated on 5/31 (7.35, -0.41, -5.28%) (related BMY )
[15:35] {dino} sm s par .65, stop hod
[15:41] {dino} xnpt bstop to .51 no mkt help
[15:41] {dptl} have a good evening all
[15:41] {Threei}  take care dp
[15:44] {fernp} good evening all. see u tomorrow
[15:44] {Threei}  take care fern
[15:44] {dino} par stopped -.21
[15:45] {Threei}  TM UPDATE: Plans to raise US Q3 production by 65K vehicles - TM sales executive
[15:49] {dino} xnpt stopped -.14
[15:49] {dino} -.15
[15:56] {Threei}  okay guys
[15:56] {Threei}  thak you all
[15:56] {nemo} gnite
[15:56] {Threei}  have a good evening
[15:56] {_traderw} bye, thanks
[15:56] {Threei}  see you tomorrow
[15:56] {larisa} later :)

Monday, June 1, 2009

Jun 01 2009

Two shots, two kills. Nice wins on FEED and FMCN. Then whole day of sloooow action, until CTIC got halted, got nice news and provided some scalp opportunities after coming out of halt.

Session Time: Mon Jun 01 00:00:00 2009

[08:29] {vinod} good morning
[08:29] {nemo} Vinod
[08:29] {vinod} I thought no one is at home
[08:30] {nemo} there's a few loiterers, but no sign of the weekend warrior
[08:31] {vinod} look like 9000 this week
[08:31] {patience} good morning guys  :)
[08:31] {nemo} patience :)
[08:32] {nemo} yeah, that goose on friday with the info on the Chinese PMI is rocketing everything.  Including oil, which should be helpful to the US...not
[08:33] {vinod} i think worse is behind for us in usa
[08:34] {nemo} Arguably...$ weakens, everything including oil becomes more expensive.  China and India expand their internal markets continuing to drive up the price of oil
[08:35] {jfjf64} mornin guys
[08:38] {vinod} Stuck in Seattle or hijack by Taliban
[08:43] {Threei}  Good morning
[08:47] {ese} good morning Seatle Guy!
[08:48] {pita} gm all
[08:48] {ese} market up big dow futures 100+
[08:48] {nemo} pita:
[08:48] {ese} pita
[08:48] {pita} hi guys
[08:48] {Threei}  ese, pita, nemo :)
[08:51] {ese} How did you get to seatle by the way vad?   drive/ferry or the clipper?
[08:51] {nemo} His Gulfstream 5
[08:52] {ese} now that was funny
[08:52] {Threei}  Clipper
[08:52] {nemo} HI ese
[08:52] {ese} hey nemo.....
06[08:53] * nemo slaps magoo around a bit with a large trout
[08:53] {magoo} morning
[08:53] {ese} how was it....have never been on it......
[08:53] {ese} mags
[08:53] {nemo} magus
[08:53] {Threei}  magoo :)
[08:53] {Threei}  fast and relaxing ese
[08:54] {Threei}  2 and half hours of nice views around, and you are downtown Seattle
[08:54] {ese} nice
[08:55] {cosmo} ... but sleepless..
[08:55] {ese} where does it depart from....inner harbour or Ogden Point by the break wqater
[08:56] {nemo} Market is shaping up for another one of those blasts out of the gate and then loiter around.
[08:56] {Threei}  Inner Harbor
[08:59] {ese} door to door almost....gotta like lide that.....stop in at Bill Gates place ehhhhh got some inside tipf for us maybe huuuuhh?
[09:05] {ese} ahhhhhh nooooo!    i get it cos....took me a while to get the joke but I got it......."Sleepless in Seatle " movie........
[09:06] {cosmo} sigh
[09:06] {ese} i know....i know.......i'll try to be better the next time
[09:07] {cosmo} hah ....sometime i have a hard time getting through....
[09:08] {vinod} why some one go for a sleep in seatle?
[09:08] {fernp} good morning everybody
[09:08] {Threei}  fern :)
[09:08] {vinod} so, no one can find out?
[09:08] {Threei}  ABIO getting killed
[09:10] {ese} what happened to them?
[09:10] {chinggis} goodmorning
[09:10] {Threei}  chinggis :)
[09:10] {ese} cha ching
[09:12] {ese} how much do you think GM is going to weigh on the market vad
[09:12] {Threei}  FDA rejected their drug
[09:12] {nemo} zilch
[09:12] {ese} ahhh
[09:12] {Threei}  doesn't seem to be weighing at all
[09:13] {Threei}  market accepted and priced in GM already
[09:13] {magoo} gm..everyone knew ..mkt is a discounting mecanism
[09:13] {ese} true
[09:13] {magoo} prices the future
[09:13] {Threei}  CSCO replaces GM in index
[09:14] {Threei}  TRV replaces Citi
[09:14] {Threei}  what can possibly happen to index if you replace bad components all the time?
[09:15] {Threei}  ultimate Potemkin village
[09:15] {nemo} hey! you stole my reference
[09:15] {Threei}  ummm
[09:15] {ese} thats a good point.....never looked at it this way
[09:16] {Threei}  except we were taught that reference in I think grade 2, nemo... {G}
[09:16] {nemo} Yeah, I don't think I'd heard of Russia by then
[09:16] {Threei}  ese... remember those nice charts financial advicors show you as a proff that "in a long rin market goes up"?
[09:17] {ese} yup
[09:17] {Threei}  which are being used to convince you to stay fully invested, add to your portfolio,, diversify it,
[09:17] {Threei}  improve your cost basis etc
[09:17] {ese} yup
[09:17] {Threei}  imagine how those charts would look if they
[09:17] {Threei}  1. were djusted for inflation
[09:18] {Threei}  2. would reflect index without costant rebalancing by weeeding out some companies and adding other
[09:18] {nemo} yeah, the $ is inversely correlated to the DOW.  Basically, you've made nothing for 80 years since the Fed was instituted
[09:18] {dptl} good morning all
[09:18] {ese} dp
[09:18] {Threei}  dp :)
[09:19] {dino} ghm all
[09:19] {dino} gm that is
[09:20] {Threei}  dino :)
[09:21] {dino} good point 3i, but i guess thats what marketing is about
[09:22] {Threei}  sure...
[09:22] {Threei}  which is another way of saying that financial advisors are salesmen, not advisors
[09:23] {dino} they are the "sell side"
[09:26] {jfjf64} mornin
[09:26] {Threei}  jf :)
[09:28] {magoo} u meam adWizers
[09:28] {ese} FEED
[09:29] {Threei}  I don't see fresh news
[09:29] {ese} me either
[09:30] {ese} wonder whats driving it
[09:30] {nemo} China recovery
[09:30] {ese} probably
[09:32] {Threei} Long Setup:  FEED  6.60 break
[09:32] {Threei}  if stays above .45
[09:33] {dino} tcl leftovers to .89
[09:33] {magoo} in .60
[09:34] {dino} out .90, +.59
[09:34] {ese} l Drys .44
[09:35] {ese} out drys .52
[09:35] {ese} +.08
[09:35] {ese} quick one
[09:36] {magoo} look WFC vad
[09:39] {ese} sorry bout that  bye the way.... drys call   was just about to type in the buy and realized that i had to sell it...
[09:40] {ese} was too quick
[09:41] {Threei} Long Setup:  BRCM  .28 if stays above .15
[09:44] {Threei} Long Setup:  FMCN  .90
[09:46] {Threei}  atsg
[09:49] {ese} L intc .04...agressive
[09:51] {Threei}  half out FMCN 9.10
[09:51] {nemo} missed it
[09:51] {Threei}  scalpers take profit
[09:52] {Threei}  huh?
[09:52] {nemo} on break of .90 blew right by
[09:52] {Threei}  how can you miss stock that sits at the trigger for 5 minutes?
[09:52] {nemo} I thought it was on the break of 90
[09:52] {jfjf64} ouch
[09:52] {Threei}  at the moment of the call high was .88
[09:53] {Threei}  .90 was trigger
[09:53] {nemo} oh
[09:53] {Threei}  [09:44] {Alert} Threei Long Setup: FMCN .90
[09:53] {dino} osip
[09:53] {nemo} so break of .89
[09:53] {Threei}  even break of .88 was formally a good-to-go signal
[09:56] {ese} out INTC .12 
[09:56] {ese} +.08 
[09:57] {ese} that makes my day
[09:57] {Threei}  wtg
[09:57] {Threei}  FEED half out .75
[09:57] {ese} tks
[09:57] {nemo} 1/2 out feed
[09:57] {Threei}  scalpers know what to do
[09:59] {Threei}  GM Certain suppliers reportedly considering stopping shipments - unconfirmed report (0.60, -0.15, -20.01%) (related LEA ALV )
[10:00] {Threei}  MAY ISM MANUFACTURING: 42.8 V 42.3E; PRICES PAID: 43.5 V 35.0E
[10:00] {Threei}  *APR CONSTRUCTION SPENDING M/M: 0.8% V -1.5%E
[10:00] {Threei}  - Prior MoM evised from 0.3% to 0.4% (related XHB )
[10:01] {ese} L intc .06
[10:02] {Threei}  FMCN stop to .95
[10:04] {Threei}  GM Confirms agreement with U.S. Treasury And Canadian Governments Providing Fast Track To Competitive Future For ''New GM'' (0.40, 0.03, 8.11%)
[10:04] {Threei}  anyone feel convinced?
[10:04] {nemo} By tm
[10:04] {magoo} too funny..forgot had feed
[10:04] {nemo} buy tm
[10:05] {Threei}  lol mags
[10:05] {nemo} can you short gm below zero?
[10:06] {ese} out intc .14
[10:06] {ese} +.08
[10:06] {Threei}  so what the heck are they goping to do with commons?
[10:07] {Threei}  seeing them still trading I can't help but ask
[10:07] {nemo} toilet paper?
[10:07] {Threei}  cbak
[10:08] {magoo} virttual TP? never send actual shares anymore
[10:09] {nemo} yeah
[10:14] {nemo} out feed
[10:15] {Threei}  why?
[10:15] {nemo} 1/2 out at .75, moved stop to break even @ .60, no?
[10:15] {Threei}  yes... did it ever lose .60?
[10:16] {Threei}  .60 was resistance to vreak
[10:16] {nemo} oh, loss of .60 not go to .60
[10:16] {Threei}  became new support
[10:16] {Threei}  loss of it is a new stop
[10:16] {nemo} o.k.
[10:16] {Threei}  come on... this is standard logic
[10:16] {nemo} I'm not your standard intellect
[10:19] {magoo} wanna see something NUTS..look BIDU
[10:20] {Threei}  lol
[10:20] {magoo} i was looking short 9 points ago..but knew better
[10:22] {Threei}  done with FMCN
[10:22] {Threei}  7 min ago:
[10:22] {Threei}  SIRF Discloses that its redesigned GPS software is being allowed to be imported to the US
[10:23] {Threei}  not sure if it's a big deal
[10:25] {dino} osip sm l .35
[10:28] {magoo} nuts..forgot i had BRCM
[10:28] {magoo} tired today
06[10:30] * magoo slaps laserdave around a bit with a large trout
[10:31] {Threei}  CLDX, mama
[10:33] {dino} osip to .68
[10:33] {dino} out +.33 osip
[10:33] {nemo} only .33!!!
[10:35] {dino} yeah, slow start
[10:36] {dino} micc
[10:37] {dino} micc gap fill from sept
[10:39] {dino} sm l axys .00
[10:40] {dino} prts thinny
[10:40] {nemo} quick though
[10:41] {dino} cldx crazy
[10:43] {dino} axys stop to .38 expect slip
[10:43] {dino} micc just flipped me off
[10:44] {Threei}  ok...
[10:44] {Threei}  I really need an explanation for GM, lol
[10:44] {Threei}  look at it
[10:45] {dino} suckers vad, or simply shorts covering
[10:45] {Threei}  TELK Presents Phase III results from ASSIST-5 trial of TELCYTA in ovarian cancer at ASCO
[10:45] {Threei}  not fresh
[10:46] {Threei}  I don't get it dino...
[10:46] {Threei}  what kind of sucker can buy shares that are offically being whiped out?
[10:46] {nemo} about 111 million of them
[10:47] {dino} shorts to cover perhaps, simply to get paid now
[10:47] {Threei}  that I would understand
[10:47] {Threei}  but the move seems to be way too extreme for that
[10:47] {dino} obama scares shorts, get out now before he changes the rules again, imo\
[10:48] {Threei}  OXGN Reports Positive Data From Phase 2 Trial of ZYBRESTAT in Platinum Resistant Ovarian Cancer At ASCO 2009
[10:48] {Threei}  - reported positive final data from the investigator-sponsored Phase 2 study, conducted in collabor... (4.43, 0.11, 2.55%) more...
[10:48] {dino} i'd cover to get paid now, its the whimpy theory, hamburger today
[10:48] {magoo} a media leak..obama on tv today noon about GM..he is goig to force every american who makes 200k a year to buy 10k shares GM 
[10:49] {Threei}  lol
[10:49] {dino} lol
[10:49] {magoo} u dont have to buy the product..just the stok
[10:50] {dino} axys to .46
[10:50] {dino} but w/govt, no selling of stck ever
[10:52] {dino} out axys ave .44, +.44
[10:52] {nemo} had me worried on that first one Dino :)
[10:53] {dino} ?
[10:54] {nemo} bad joke
[10:54] {dino} you take it?
[10:54] {nemo} no.  It was up .08 by the time I looked at it
[10:54] {dino} it generally covers a few points/day, just which way is question
[10:54] {nemo} minor detail
[10:56] {dino} ogxi watching
[10:56] {dino} mccc
[10:56] {dino} axys again for bigger pullback
[10:58] {tomg} vad, i have to leave, but have 100 FEED left. think it's ok for holding over night?
[10:59] {dino} cya tom
[10:59] {tomg} take care dino
[10:59] {Threei}  feels very strong to me tom...
[10:59] {Threei}  it's just that things tend to change on a dime lately
[10:59] {Threei}  who knows
[10:59] {magoo} bye tommie
[10:59] {tomg} ok, ty
[11:00] {tomg} cya maggie :)
[11:00] {Threei}  unless something extreme happens, it looks to me capable of going over 7
[11:01] {Threei}  anyway, whny don't you set a stop under .60
[11:01] {tomg} ok, ty, will set stop and go
[11:01] {Threei}  if it never loses it today, why not hold it
[11:01] {Threei}  if does, you are safe
[11:02] {tomg} set stop at 6.55, see y'all tomorrow
[11:02] {Threei}  take care
[11:12] {pita} later everyone, happy hunting
[11:14] {Threei}  take care pita
[11:18] {jfjf64} what  up  with  dell chart
[11:18] {nemo} drys dumped below Friday close
[11:19] {Threei}  what do you mean jf?
[11:20] {jfjf64} 1 min chart  im shwing no  trading   must  be  me
[11:21] {Threei}  looks ok to me
[11:21] {jfjf64} im  gonna  log  out  ty
[11:22] {Threei}  just switch dservers
[11:22] {Threei}  no need to do full blown logout
[11:23] {Threei}  if you are Laser that is
[11:23] {jfjf64} charlie
[11:23] {Threei}  ah
[11:24] {dino} lol
[11:26] {Threei}  market has stalled for an hour and half
[11:27] {Threei}  waiting for Prez I guess
[11:27] {dino} netl strange, merger, issuing 5-6 million shares and jumps
[11:27] {nemo} Dino...oxgi
[11:28] {dino} ah mannnn, we had it
[11:28] {nemo} I was thinking break of 16 
[11:30] {dino} gm annouces name change to "om" obama motors, plus the expensive hybrids will be sold to govt, not
[11:32] {fernp} lol dino
[11:33] {Threei}  I can't even bring myself to laugh about it
[11:33] {Threei}  and I thought I could laugh just about anything
[11:33] {nemo} ogxi closed gap
[11:37] {dino} bummer
[11:38] {magoo} .
[11:40] {dino} iflo
[11:41] {Threei}  lol, funny e-mail
[11:41] {Threei}  If you think education is expensive, try ignorance.
[11:51] {Threei}  Prez is on
[11:52] {dino} ok 100 pt drop
[11:55] {Threei}  Chrysler to emerge from bankruptcy in next few days
[11:55] {Threei}  that's quick
[11:55] {ese} seems to be on alot that man....,.wonder whose managing his investments
[11:56] {ese} casual phone call yesterday to a friend...."ya no i have to be on tv tomorrow"...just a comment to the friend....the friend quietly makes an adjustment to the kn ow how it is
[11:57] {ese} another quick $150000............
[12:00] {ese} been watching to much MI5 tv series.........
[12:01] {ese} on dvd no can re watch and increase my paranoia
[12:04] {ese} hey dino......bought new clubs on friday...Cobra pro CB' em
[12:04] {ese} almost look like Mizuno's
[12:05] {dino} sweet es
[12:06] {ese} Myrtle here we come one day.....always wanted to golf there
[12:07] {KSystems} hi :)
[12:07] {ese} k sys
[12:07] {Threei}  KS :)
[12:07] {nemo} gruess dich
[12:08] {Threei}  Prez is done, market is still asleep
[12:14] {jfjf64} hpq showin strength  when all sleepin
[12:15] {dino}  someday es, a little sidetracked
[12:15] {dino} sm l osip .35 again, stop .99
[12:18] {Threei}  ese, look dcc please
[12:22] {Threei}  this sounds scary:
[12:22] {Threei}  JPM Reportedly to sell $750M in credit card loan backed debt; non TALF eligible (37.51, 0.61, 1.65%)
[12:22] {dino} iflo sm s .52
[12:31] {Threei}  magoo... don't forget you have BRCM, OK?
[12:32] {dino} sidetracked
[12:33] {ese} L drys .90
[12:33] {ese} small
[12:33] {ese} well....smaller
[12:38] {Threei}  OGXI Hearing price target raised at Rodmand & Renshaw to $32 from $22 (timing uncertain) (18.66, 1.01, 5.72%)
[12:43] {dino} missed a good one there
[12:43] {nemo} twice
[12:46] {dino} rubbing it in huh? lol
[12:46] {nemo} What, you think you're alone in this?
[12:47] {nemo} I'm also pissed I didn't think of consumer discretionary this morning with the futures in orbit...look at JCP
[12:52] {Threei}  FEED 1:2
[12:52] {Threei}  lol
[12:52] {Threei}  1/4 more out
[12:53] {jfjf64} fas tip toe towards 11
[12:59] {Threei}  it heard you
[12:59] {jfjf64} lol
[13:00] {dino} osip stopped -.37
[13:03] {ese} hmmmm almost stopped drys    
[13:03] {dptl} have a good evening all
[13:04] {fernp} bye dp
[13:05] {Threei}  take care dp
[13:05] {dino} cya dp
[13:07] {ese} cya dp
[13:11] {jfjf64} vad   i thought i read  in  ya  book  trading was  fun  exciting
[13:12] {nemo} reminds me of my sex life...a little here, a little there, and great big stretches of nothing
[13:13] {jfjf64} yup  same  here
[13:13] {nemo} and boy do you pay when you make a mistake
[13:16] {Threei}  you take what you get, and you make the best out of it
[13:16] {Threei}  periods of exciting market, periods of boring one
[13:17] {Threei}  we did two winning trades on Fri,
[13:17] {Threei}  we did the same today
[13:17] {Threei}  what's wrong with that?
[13:17] {nemo} I don't think he was making a right or wrong judgment, just an observation
[13:18] {jfjf64} correct   sorry  vad    lol
[13:18] {jfjf64} ty nemo
[13:18] {Threei}  who wants excitment, you are always welcome to try GOOG or BIDU {G}
[13:19] {nemo} rimm
[13:19] {jfjf64} kong
[13:31] {Threei}  EXEL Reports Encouraging Phase 1 Data To Be Presented at ASCO for XL147, a Selective Inhibitor of PI3K
[13:33] {magoo} already have been vasd lol
[13:33] {nemo} what?
[13:33] {magoo} bidu goog earlier
[13:34] {dino} osip continues down
[13:34] {Threei}  anyone feel stressed?
[13:35] {Threei}  STRESS RELIEF:
[13:35] {nemo} do you really care?
[13:35] {ese} nope
[13:35] {Threei}  Handle things like a dog does
[13:35] {Threei}  If you cant eat it
[13:35] {Threei}  and you cant play with it
[13:35] {Threei}  Pee on it and walk away.
[13:35] {nemo} or hump it's leg
[13:35] {ese} too funny
[13:35] {ese} very true
[13:36] {nemo} its
[13:36] {ese} and on that note i'm signing off see you all tomorow
[13:37] {Threei}  take care ese
[13:37] {dino} cya es
[13:38] {chinggis} Vad AXL  5, 10 min pullback payable?
[13:38] {jfjf64} later es
[13:40] {Threei}  AXL, very hard to distiguish between end of interest and taking a rest here
[13:41] {Threei}  if ity's holding here, break of .50 for a scaklp, maybe
[13:41] {Threei}  but keep a stop very tight
[13:41] {chinggis} ok TY
[13:41] {Threei}  at any rate, feels to me like boredom trade rather than compelling one
[13:42] {chinggis} I will try .50 break with tight stop, TY
[13:44] {magoo} i thought bidu was a 5 point short ..bvut it just hasnt developed
[13:45] {dino} i think everything is a good short
[13:46] {magoo} ctec halted news pend
[13:46] {Threei}  CTIC you mean
[13:46] {dino} 950 area may well be it
[13:53] {chinggis} missed AXL , was very fast
[13:57] {magoo} futesb ballistic
[13:57] {jfjf64} wakein up
[13:58] {dino} cpy
[14:01] {Threei}  CTIC Pixantrone Significantly Increases Complete Remissions, Overall Response Rates, Frequency of Durable Remissions and Progression Free Survival in Patients with Relapsed and Refractory Aggressive Non-Hodgkin''s Lymphoma
[14:02] {Threei}  Progression Free Survival in Patients with Relapsed and Refractory Aggressive Non-Hodgkin''s Lymphoma
[14:02] {Threei}  -- Significant Increase in Complete Remission Rates 20% vs. 5.7%; p=0.021
[14:07] {nemo} market over 300 today..where's Larry?
[14:14] {vinod} CTIC---vad I have few K of them brought under a buck few week ago
06[14:14] * nemo slaps vinod around a bit with a large roll of cash
[14:15] {dino} lucky vin
[14:15] {vinod} also have HEB
[14:15] {Threei}  sounds like should be fun vinod
[14:15] {vinod} i did posted about them here
[14:16] {nemo} when did you buy HEB?
[14:17] {vinod} few week ago both at 0.95
[14:17] {vinod} I think I posted at cara site
[14:18] {nemo} dcc vinod
[14:18] {dino} sm risky, s cpy .84
[14:19] {vinod} nothing on dcc
[14:19] {vinod} nemo--got it thanks
[14:22] {vinod} nemo--people are on vacation and i have to work more so i am missing to trade 
[14:22] {nemo} sorry about that
[14:23] {nemo} Got an idea....quit work
[14:23] {vinod} but i enjoyed here what ever time i get
[14:24] {vinod} can't quite--need money
[14:26] {Threei}  CTIC ready to open
[14:27] {nemo} wow
[14:31] {dino} sm l ctic .70
[14:31] {nemo} Vad, you in CTIC?
[14:32] {dino} not moving much
[14:33] {dino} thoughts on it vad?
[14:34] {Threei}  no idea... news play
[14:37] {vinod} see  you tomorow
[14:37] {Threei}  IMO... scalp it
[14:37] {Threei}  don't get stuck
[14:37] {Threei}  take care vinod
[14:38] {dino} cya vin
[14:42] {dino} stop is .80, thing is stuck
[14:51] {dino} to .89 ctic
[14:54] {Threei}  White House Press Sec: US President Obama not concerned over the demand for US debt by China (related USD/CNY TLT SHY IEF )
[14:58] {dino} to .93 won't move
[14:59] {Threei}  I have hard time believing I still have 1/4 of FEED, which I bought on first minutes after opening
[15:02] {dino} to .99
[15:02] {Threei}  good trailing
[15:03] {dino} ty, to .05
[15:04] {dino} to .09
[15:05] {dino} out ctic .12, +.42
[15:06] {dino} ty for news alert vad
[15:06] {Threei}  sure thing
[15:08] {magoo} mkts rotting
[15:11] {dino} open gap fill in the making, or wait for turnaround tuesday? my vote turnaround tuesday
[15:12] {dino} osip app. lod
[15:17] {magoo} ty all..have doc apptm for leg, gotta hop..literally lol
[15:17] {magoo} good day
[15:17] {Threei}  lol, take care mags
[15:18] {magoo} i need a good xray
[15:18] {Threei}  as opposite to bad one?
[15:19] {magoo} as opposed to bad results
[15:19] {Threei}  oh
[15:19] {Threei}  I'll better shut up
[15:19] {Threei}  I hacve too many comments to that one, and few of them are PG rated
[15:21] {dino}  anybody that followed cpy short, we are in range
[15:25] {jfjf64} vad  ms  30 break  
[15:26] {Threei}  don't know what to say jf
[15:27] {Threei}  maybe on pullback
[15:27] {Threei}  I don't see it as a compelling play
[15:27] {Threei}  FEED, out last piece
[15:28] {Threei}  sll day play
[15:28] {Threei}  all
[15:29] {wulff} financials can't seem to decide
[15:29] {Threei}  yeah, they are not market leaders anymore
[15:32] {wulff} bastards
[15:32] {dino}  cov. cpy .27, +.57
[15:33] {dino} sh#t they tricked me, moved ask, then i hit and dropped
[15:35] {dino} iflo bstop to b/e
[15:40] {Threei}  CTIC is dropping again
[15:40] {Threei}  something isn't right
[15:49] {Threei}  SQNM is interesting
[15:49] {Threei}  let's have a look at it tomorrow againb
[15:49] {Threei}  maybe it's establishing itself as a recovery play
[15:51] {dino} osip tomorrow too
[15:55] {Threei}  okay guys, thank you all
[15:55] {Threei}  have a good evening, see you tomorrow
[15:55] {jfjf64} ty 
[15:55] {dino} cya vad
[15:59] {dino} cov iflo .46, +.06 slow one
[16:01] {dino} ty all, gotta hop
[16:03] {dino} csco dropping
[16:03] {dino} bad prints looks like
[16:03] {dino} later...