Thursday, June 26, 2008

Jun 26 2008

Session Time: Thu Jun 26 00:00:00 2008
[07:50] {Threei} 06/26/08 06:30am
[07:50] {Threei} [VNDA] Vanda Pharmaceuticals Inc Phase III data shows Tasimelteon (VEC-162) significantly improves sleep in chronic insomnia
[07:50] {Threei} - Announced positive top-line results from a Phase III trial showing that its investigational drug candidate, tasimelteon, a novel melatonin agonist, met the primary endpoint of the trial and significantly improved sleep in adult patients with chronic insomnia.
[07:50] {Threei} - Company is excited that the results of this Phase III chronic insomnia study demonstrate the clinical utility of tasimelteon and the ability of the compound to treat sleep disorders over a period of four weeks.
[08:00] {hawkfan4} morning vad, dp
[08:00] {Threei} hawk :)
[08:05] {Threei} VNDA is trying for hero of the day status or what
[08:12] {hawkfan4} hmmm, interesting one. might try to grab it close to 5
[08:15] {Threei} not easy one
[08:18] {_dagdet} hello traders
[08:19] {Threei} morning dagdet
[08:22] {_Lisa_Jay} Good morning.
[08:23] {Threei} morning lisa
[08:28] {Threei} hawk, look dcc please
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 384K V 375KE;
[08:30] {Threei} CONTINUING CLAIMS: 3.139M V 3.105ME
[08:30] {Threei} Q1 FINAL GDP ANNUALIZED: 1.0% V 1.0%E; PERSONAL CONSUMPTION: 1.1% V 1.0%E
[08:31] {Threei} Q1 FINAL GDP PRICE INDX: 2.7% V 2.6%E; CORE PCE Q/Q: 2.3% V 2.1%E
[08:42] {GeoArb} gm
[08:42] {Threei} geo :)
[08:43] {Threei} Yacocca, where are you...
[08:43] {Threei} these lamers need you again
[08:47] {Threei} not sure about VNDA
[08:47] {Threei} I wouldn't rush into it
[08:57] {fernp} Good morning all
[08:57] {Threei} fernp :)
[09:01] {Threei} VLNC
[09:02] {Threei} shortable... puting on watch
[09:11] {dino} gm all
[09:12] {dino} end of days again i see
[09:13] {cosmo} its only thursday
[09:13] {dino} ok, i'll wait one more day then
[09:14] {cosmo} VNDA needs to hold 5.10 imo
[09:16] {Threei} dino :)
[09:17] {judijim} good morning everyone
[09:17] {Threei} jj :)
[09:17] {Threei} oh, now I know why I couldn't find parking spot downtown yesterday... Pam Anderson was shopping there
[09:18] {dino} nice
[09:19] {Threei} golden see-through shorts made male blood boiling according to local paper
[09:19] {Threei} people were jumping fences
[09:19] {GeoArb} she is old now
[09:19] {dino} indeed
[09:19] {cosmo} it happens...
[09:19] {Threei} you show your age geo... :)
[09:19] {GeoArb} moving on :)
[09:20] {GeoArb} no not my age
[09:20] {dptl} good morning all
[09:20] {GeoArb} my fickleness
[09:20] {Threei} dp :)
[09:20] {dino} about my age i guess
[09:20] {Threei} she is 42
[09:20] {cosmo} hmm
[09:20] {Threei} (according to the same paper)
[09:20] {GeoArb} ill wait for hollywood factory to pump someone else out
[09:20] {GeoArb} (i pay my taxes)
[09:20] {Threei} lol
[09:21] {dino} well, my sis should buy me dinner today, in jan. her broker said buy all the citigroup you can at 27. i said its' going to 15 sit tight
[09:21] {Threei} IMO, it's a better way to use your taxes than bail Bear Sterns
[09:21] {GeoArb} nice dino
[09:21] {dino} needless to say, the guy said i was crazy
[09:21] {Threei} who is carzy now eh
[09:21] {GeoArb} i think the new ceo wasnt a smart choice
[09:22] {GeoArb} they just shutterred his precious hedge fund
[09:22] {dino} lol
[09:24] {Threei} GEOI
[09:24] {Threei} - The Company has completed additional horizontal wells in Texas and North Dakota, closed its recently announced Oklahoma acquisition and completed its current divestitures of certain non-core producing properties.
[09:28] {dino} sounds familiar
[09:29] {dino} horizontal drilling going on all over in my neck of the woods
[09:29] {Threei} ROYL puzzles me
[09:30] {peterg} just in time for the bell--gm
[09:30] {Threei} peter :)
[09:34] {dino} below march lows dji
[09:34] {Threei} ROYL half lot long 13 break if stays above 12.80
[09:40] {Roman} 21 Vad where u offering ROYL?
[09:40] {Threei} want it to break .20 and jump
[09:40] {Threei} going to try and partial
[09:41] {Threei} URRE is trying again
[09:41] {Threei} 4.40 break if holding above 4.30
[09:41] {Threei} very risky one
[09:42] {Threei} ABAT again
[09:42] {Roman} 21 VLNC radar
[09:45] {Threei} 5.40 break ABAT long if stays above .25
[09:46] {Threei} come on ROYL, don't shake us out
[09:46] {Threei} you know you want 14
[09:46] {Roman} 21 long IVAN full
[09:46] {Roman} 21 3.26
[09:48] {Threei} stopped ROYL
[09:49] {peterg} ditto
[09:49] {Threei} URRE invalidated as breeakout but becomes a bounce candidate
[09:54] {dino} watching bucy, chk, wynn
[09:56] {Roman} 21 BLDP on radar
[09:56] {magoo} ABAT valid
[09:57] {Threei} if not losing .30 anymore
[09:58] {Threei} VLNC is a wierdo
[09:58] {Threei} got "going concern" qualification and went up 50 cents?
[09:58] {magoo} phone call..its royl
[10:00] {Threei} MAY EXISTING HOME SALES: 4.99M V 4.95ME
[10:00] {Threei} MAY HELP WANTED INDEX:17 V 19E
[10:01] {dino} bucy sm l .95
[10:03] {Threei} everything alternative car related tries to move
[10:03] {Threei} BLDP, QTWW, VLNC
[10:03] {Threei} ABAT
[10:04] {Threei} BLDP is somewhat puzzling though
[10:04] {Threei} they sold their fuel cells car division, right?
[10:04] {Roman} 21 VLNC wants 4.35
[10:04] {Roman} 21 out IVAN
[10:05] {Roman} 21 u guys in ABAT?
[10:05] {Threei} market tripped of something
[10:05] {Threei} yeah... keeping it tight though
[10:06] {Roman} 21 PTEN?
[10:06] {dino} ma v sm l .30
[10:06] {Threei} .26 long PTEN
[10:06] {Threei} half lot
[10:07] {Threei} stop for now under 36
[10:08] {Threei} a bit too volatile... but if oil makes new highs today PTEN goes to 37 easy
[10:09] {Threei} ABAT got kicked in the rear or what?
[10:09] {dptl} out +.13 abat ty
[10:09] {Threei} welcome... stinkin' scalper
[10:10] {dptl} :)
[10:10] {peterg} scalping is pure essence
[10:10] {Threei} lol... true
[10:11] {Roman} 21 OMNI
[10:11] {Threei} this dog still bites?
[10:12] {Threei} it put me off somewhat on a day when ROYL moved big and OMNI just wouldn't follow
[10:13] {dino} appy
[10:13] {Roman} 21 US Supreme Court says individuals have right to bear arms - Bloomberg
[10:13] {Roman} 21 watch SWHC
[10:14] {Threei} really?
[10:14] {Threei} didn't they have this right from the beginning of USA?
[10:14] {Roman} 21 u think too much
[10:14] {GeoArb} anyone playing rimm?
[10:14] {Threei} and it hurts, trust me
[10:15] {Roman} 21 BEXP intersting
[10:15] {GeoArb} i did a 100 share market short yesterday... caught 6 bucks
[10:15] {GeoArb} still short 100 oday
[10:16] {Roman} 21 SWHC Smith & Wesson and Sturm Ruger spike following Supreme Court ruling that individuals have right to bear arms (5.35 +0.24)
[10:16] {Threei} if ABAT can take .70, 6 should be in cards
[10:17] {GeoArb} cant muster courage for more than 100
[10:17] {hawkfan4} CLF 112, super risky, wide
[10:20] {dptl} are you in pten Vad?
[10:20] {Threei} yes
[10:20] {dptl} ok me too
[10:21] {Roman} 21 long JASO
[10:21] {Roman} 21 1/3 size
[10:21] {Roman} 21 18.45 stop under 18.27
[10:25] {Threei} no worky PTEN
[10:25] {dptl} stopped
[10:25] {Threei} ok ABAT, you are my ray of hope
[10:26] {Roman} 21 SOLF highs
[10:26] {Roman} 21 but JASO disconnected today
[10:27] {Threei} tries to catch up now
[10:28] {dptl} how about .60 break with .45 stop abat?
[10:28] {Threei} it's valid
[10:28] {dptl} ok ty
[10:28] {Threei} won't be easy I think
[10:28] {Threei} but honestly, nothing today is
[10:29] {Threei} JASO works
[10:29] {Threei} thanks Roman
[10:29] {Roman} 21 FSYS very thin
[10:29] {Roman} 21 but feels much higher
[10:30] {Threei} it needs to stop watching supermodels and try to become like them
[10:30] {Roman} 21 took some 37.5
[10:30] {Roman} 21 wide stop
[10:30] {Roman} 21 SQNM highs
[10:32] {Roman} 21 long QTWW
[10:32] {Roman} 21 2.52
[10:33] {Roman} 21 fu
[10:33] {Roman} 21 ull
[10:33] {Roman} 21 ABAT
[10:33] {Threei} ABAT is determined
[10:34] {Threei} and seriously intends to make new highs today
[10:34] {Threei} I won't be suprized to see it at 6
[10:34] {dptl} long .60
[10:40] {hawkfan4} part out CLF +1.20
[10:43] {dino} gj
[10:44] {hawkfan4} thx, tight stop on the rest, trailing
[10:49] {Chaeron} good morning all
[10:50] {Threei} chaeron :)
[10:50] {dino} chk l .45 sm
[10:55] {Threei} SQNM{ volume is already almost of yesterday's
[10:55] {Threei} not sure if it's going to continue, not seeing frenzy yet
[10:56] {dino} secondary today i think
[10:57] {Threei} yes... unusual for a stock to move that strongly into secondary
[10:57] {dino} usually goes down
[10:59] {Chaeron} .
[10:59] {fernp} DJI new 52 week low
[10:59] {GeoArb} crash helmets on !
[11:00] {Threei} the sky is falling
[11:00] {GeoArb} heheh
[11:01] {Threei} stay calm and observe crash
[11:01] {dino} dji 52 week low
[11:01] {Threei} if there is a crash
[11:01] {Threei} PPT may be oputting their gear on as we speak
[11:03] {Threei} ok ABAT, let's do it
[11:03] {dptl} yea
[11:03] {dptl} come on
[11:03] {Threei} take that wall down as Reagan would say
[11:03] {Threei} good boy
[11:04] {Threei} take .70 now and you are in the clear
[11:05] {Threei} my little beauty
[11:05] {Threei} half out for me
[11:05] {dino} -11.5% since may highs
[11:05] {Threei} from .41
[11:05] {Threei} +.30
[11:05] {dino} we must be buying soon
[11:06] {Threei} it's almost 1:3, gotta protect some profitas
[11:11] {dptl} where is stop now?
[11:17] {Threei} .49 for me
[11:17] {dptl} ah...scrude up again....out flat abat...
[11:17] {dptl} didnt get my .75
[11:19] {Roman} 21 IDSA
[11:19] {Roman} 21 going really small 200 shares
[11:19] {Roman} 21 15.95
[11:23] {Threei} QID .41 long
[11:23] {Threei} low of this pullback will show the stop level
[11:23] {magoo} meaning mkt bounce vad?
[11:24] {Threei} no
[11:24] {magoo} backwards..qid shiort right
[11:24] {Threei} to bounce, NQ needs to break 1885
[11:25] {Threei} which would match QID short if loses .20
[11:26] {_Lisa_Jay} BBBY
[11:31] {Threei} quite nervous market here
[11:31] {patience} ben should have listened to me yesterday
[11:31] {Threei} probably bounce becomes more likely at the moment
[11:32] {Threei} and raise rates?
[11:32] {patience} listen, i wanted to win the bet for the blueberries vad
[11:32] {Threei} well... I am always willing to take the next bet so you'll have a lot more opportunities :)
[11:44] {Threei} QID stop to .31 who shorted it
06[11:51] * Threei applies foot in heavy duty army boot to ABAT's rear end
[11:51] {Threei} QID almost 1:1
[11:51] {Threei} take half off the table
[11:52] {Threei} scalpers take profit
[12:02] {kazaam} major wedgie on sqnm
[12:08] {hawkfan4} PPT overslept today i think
[12:14] {Threei} or spent all their powder and now just watch?
[12:14] {Threei} SQNM back to high
[12:14] {Threei} is this thing really going to breakout whikle market sells off as if tomorrow never comes?
[12:15] {hawkfan4} sure looks like it wants to
[12:16] {Threei} here we go
[12:16] {kazaam} SQNM @ .09
[12:17] {Threei} beauty
[12:17] {Threei} hakf out at least kaz
[12:17] {Threei} too vertical
[12:18] {kazaam} 1/4 +.16 1/4 +.19
[12:18] {Threei} you are making my day
[12:19] {Threei} can't even begin telling you how rewarding it is to see yesterday's newbie making this kind of trades
[12:19] {dino} gj kaz
[12:19] {hawkfan4} nice kaz
[12:20] {Threei} honestly, I enjoy seeing you guys making these trades more than I do my own
[12:20] {Threei} especially when it comes to newer guys who joined recently
[12:20] {Threei} shows me I am not pounding the table for nothing :)
[12:21] {GeoArb} my GOD
[12:21] {GeoArb} i just had an image of a mother hen (ducks)
[12:21] {Threei} here is another image for you:
06[12:22] * Threei slaps GeoArb around a bit with a large trout
[12:22] {GeoArb} please refer to duck above :)
[12:22] {Threei} I elect to ignore it
[12:22] {kazaam} well to be honest i have been learning for 2 years, so I ain't totally green, but i sure wouldn't be picking these things without the RT material
[12:22] {Threei} all it takes is just change the angle of trout trajectory
[12:23] {Threei} I meant newer to our approach kaz
[12:23] {kazaam} gotcha
[12:23] {Threei} I know you haven't found just yeaterday how Buy button is different from Sell one :)
[12:23] {GeoArb} hmmm i really had a problem with that in hotkeys
[12:23] {GeoArb} not have colored stickers to remind me
[12:24] {kazaam} everyday i am learning which button does what over again
[12:24] {kazaam} that is the hardest part
[12:24] {kazaam} well turning on the computer is the hardest part
[12:25] {Threei} I know... I especially hate the command "hit any key"
[12:25] {Threei} takes me hours to find "any key" on my keoyboard
[12:32] {kazaam} maybe bear eat the sqnm salmon....
[12:36] {Threei} as SQNM drops into support, watch market for bounce to scalp SQNM
[12:40] {dino} chk stoppexc -.45
[12:41] {Threei} cross back over 16 long if holding above 15.90
[12:45] {Threei} market hit airpocket
[12:45] {Threei} not much is working today
[12:47] {magoo} gotta be short term oversold
[12:47] {Threei} feels so but it just can't raise its head so far
[12:47] {Threei} whack-a-mole
[12:48] {dptl} swhc?
[12:48] {Threei} Roman's call earlier
[12:49] {dptl} break of .75 may be?
[12:50] {Threei} hard to tell really
[12:56] {Threei} RIMM .80 break small shares long
[12:56] {Threei} stop under .60
[12:58] {magoo} in bvad
[12:58] {Threei} took out serious offer at .84
[12:59] {Threei} jeez... 2 cents from 1:1, market loses it again
[13:00] {magoo} stopped
[13:00] {GeoArb} stopped?
[13:00] {GeoArb} how?
[13:00] {magoo} ughhhhhh
[13:00] {dino} fwlt l sm .02
[13:00] {magoo} hit .60
[13:00] {GeoArb} oh i misseed that hehehe
[13:01] {dptl} stopped rimm
[13:16] {dino} penn
[13:23] {Threei} yawn
[13:24] {dino} out fwlt .44,
[13:24] {dino} +.42
[13:26] {Threei} lol... now what?
[13:27] {Threei} market decided to go to zero in one day?
[13:29] {Threei} what's with CAEI today?
[13:30] {Threei} former RCH if I remember correct
[13:30] {Threei} I see no news
[13:33] {_dagdet} goodbye! Russia's the champion!!
[13:34] {Threei} is there some game today?
[13:34] {_dagdet} Russia-Spain, semi-final =)
[13:35] {GeoArb} i think he is talking about the great capi vs commu game
[13:35] {GeoArb} lol
[13:35] {Threei} ugh... why am I not watching tv
[13:35] {Threei} oops, sorry caps
[13:36] {Threei} fern, are you watching?
[13:37] {fernp} whatching what?
[13:37] {Threei} [13:34] {_dagdet} Russia-Spain, semi-final =)
[13:38] {fernp} No. I am trading.
[13:38] {Threei} OK... hope better than I am today :)
[13:39] {GeoArb} i am currently in rimm short
[13:39] {fernp} not too bad here :)
[13:39] {Threei} :)
[13:41] {dino} sm l fwlt .95
[13:41] {dino} gj fern
[13:44] {GeoArb} anyone take imm?
[13:44] {GeoArb} rimm
[13:46] {GeoArb} out for lunch
[13:47] {dino} n
[14:00] {fernp} well, I have to go to suffer watching the match (I will suffer with a few beers). see you all tomorrow.
[14:00] {Threei} take care fern :)
[14:00] {Threei} kazaam, look dcc please
[14:03] {Threei} peter, look dcc please
[14:04] {magoo} vad, dcc please
[14:08] {dino} calm, lorl
[14:17] {kazaam} sorry stepped out to mail something
06[14:32] * Threei slaps laserdave1 around a bit with a large trout
06[14:33] * magoo slaps laserdave1 around a bit with a large trout
[14:46] {Threei} doesn't look like any bounce in cards today
[14:46] {Threei} rather feels like we are in for a swan dive or best case scenario hold these levels
[14:52] {dino} no idea, but some stocks are holding above lows
[14:57] {dptl} ah... big loosing day for me :(
[14:58] {magoo} relentless selling..brutal...never remember such a day
[14:58] {dino} down a bit here too dp, hour to go
[14:59] {magoo} me down too
[14:59] {Threei} are we up for round of whining?
[15:00] {dino} sniff, sniff
[15:00] {GeoArb} i had a fairly decent day
[15:01] {Threei} everyone slap Geo and feel better
06[15:01] * magoo slaps GeoArb around a bit with a large trout
[15:01] {GeoArb} its funny i thought the selling was surly
[15:01] {GeoArb} no panic
06[15:01] * dptl slaps GeoArb around a bit with a large trout
[15:01] {GeoArb} lackadisical selling
[15:01] {Threei} that's what it was
[15:01] {Threei} and it means we are not done
[15:01] {GeoArb} exactly
[15:01] {GeoArb} i was short rimm v ma
[15:02] {dino} gj geo, gj
[15:02] {GeoArb} held forever in the end got bored
[15:02] {GeoArb} followthrough issues
[15:02] {GeoArb} keeps bounding up
[15:02] {dino} as i said, still an hour to go, so who knows
[15:02] {peterg} JP Morgan is about to step in............
[15:03] {dino} into a mess
[15:04] {GeoArb} i have to start flooring today... laying 700 feet hardwood. backbreaking....but i refuse to pay 2000 to someone for labor
[15:05] {peterg} I shall miss you as I take family to expensive Europe for two weeks, for privilege of paying !.60 for 1.00
[15:05] {GeoArb} wow peter have fun
[15:05] {peterg} hope so
[15:05] {peterg} tks
[15:05] {dino} scanner going green
[15:05] {Threei} have fun peter
[15:06] {Threei} must be exciting trip
[15:06] {magoo} good luk peterg'
[15:06] {GeoArb} energu colas leading?
[15:06] {peterg} stocks more fun
[15:06] {GeoArb} heheheh
[15:06] {dino} when you going pete?
[15:06] {GeoArb} energy coals
[15:06] {peterg} leave Monday
[15:06] {dino} nice
[15:12] {peterg} This market is preparation for, first July, then Augusssst
[15:13] {Chaeron} I want to take a 2 month vacation
[15:14] {GeoArb} chaeron youre in newport
[15:14] {GeoArb} where will you go?
[15:14] {GeoArb} kansas?
[15:16] {peterg} Newport RI or California Beach heaven?
[15:16] {Chaeron} hmmmmm........ Nebraska?
[15:16] {GeoArb} ummm the heaven
[15:16] {peterg} wow
[15:16] {GeoArb} (i gotta tone down my envy :)
[15:16] {Chaeron} well, that's where I work, I live in Laguna
[15:16] {peterg} State Fair in Minnesota in August.
[15:16] {GeoArb} hahahahah
[15:16] {GeoArb} like thats a step down
[15:17] {Threei} go to Ohio Chaeron
[15:18] {peterg} They probably have corn dogs on sticks at the Ohio State Fair too.
[15:18] {peterg} Lots of tractors and tractor pulls
[15:18] {GeoArb} i want everyone to know ... vad is going to help me trade my way to newport OR victoria
[15:18] {GeoArb} lol
[15:18] {peterg} Off to a good start
[15:19] {GeoArb} oh these are just the recovering of all the mone i lost pre vad's room
[15:19] {GeoArb} hehehe
[15:19] {dino} you know, i was just telling my wife that they don't have enough choices of meat on a stick
[15:20] {GeoArb} you should go to an east asian restaurent then
[15:20] {GeoArb} more than youll ever want
[15:20] {dino} i must then
[15:20] {peterg} last year's discovery was venison on a stick
[15:20] {peterg} i didnt try it
[15:21] {dino} mmm
[15:28] {dino} fwlt stop to .35
[15:30] {dino} out
[15:30] {dino} =.40
[15:30] {dino} +.40
[15:30] {Threei} nice
[15:31] {GeoArb} nice dino
[15:31] {dino} thx
[15:31] {Threei} dino's ability to plug along no matter what is nothing short of miracle
[15:31] {GeoArb} PACMAN !!! (no offence meant)
[15:31] {peterg} gobble gobble!
[15:31] {peterg} wtg
[15:32] {GeoArb} must be the thought of venison stick that got him going again
[15:32] {dino} lol
[15:34] {_Lisa_Jay} ABAT
[15:36] {Threei} trying for eod run
[15:36] {Threei} really hard to tell if it has a chance
[15:36] {Threei} today is one of those days
[15:43] {dino} lod
[15:53] {cosmo} hod qid
[15:53] {cosmo} always a bright side
[15:54] {dino} lol
[15:54] {Threei} lol
[15:54] {Threei} good one cosmo
[15:54] {GeoArb} heheh
[15:55] {Threei} maybe we fui=inally go for a crash
[15:55] {Threei} would be gbreat
[15:55] {Threei} to put all this behind us in one day
[15:55] {GeoArb} i am a bull
[15:55] {Threei} maybe PPT decided the same :)
[15:55] {GeoArb} ill buy QID
[15:55] {Threei} OK guys, not a stellar day by any stretch of imagination
[15:56] {Threei} if not for ABAT and coluple scalps would be plain bad
[15:56] {cosmo} hold qid until disclosure i say
[15:56] {GeoArb} vad's still in new jersey
[15:56] {Threei} ABAT is trying for hod again
[15:57] {Threei} will be a subject of interest tomorrow
[15:57] {Threei} meanwhile, thank you all, have a good evening
[15:57] {dino} take care all, gotta hop
[15:57] {GeoArb} thanks all
[15:57] {GeoArb} see you tomorrow
[15:57] {magoo} thanx all
[15:57] {peterg} gnight all