Thursday, January 29, 2009

Jan 29 2009

Many room members found quite a few nice plays; I was mostly sitting things out. Other than GERN nice run-up and something unusual happening with PALM, not much interesting.                                                                                                           
Session Time: Thu Jan 29 00:00:00 2009

[07:39] {hawkfan4} poor DRYS
[08:08] {nemo} mornin'
[08:08] {hawkfan4} morning nemo
[08:08] {Onix} Good morning early birds :)
[08:09] {hawkfan4} Onix :)
[08:09] {nemo} it's late on the east coast
[08:09] {Onix} 5 am over here
[08:09] {nemo} it's after lunch for ksystems
[08:09] {hawkfan4} where are you Onix?
[08:09] {KSystems} *burp*
[08:09] {KSystems} yeah, just finished
[08:09] {Onix} Vancouver, Canada
[08:09] {nemo} na ja...sei geduldig
[08:09] {hawkfan4} Ah, cool
[08:09] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.
[08:09] {nemo} und auch gnadig
[08:10] {hawkfan4} whew, was wondering about that
[08:10] {Threei}  :)
[08:10] {Onix} sounds likeAfrikaans nemo?
[08:10] {hawkfan4} scalped 8.85 to 9.19
[08:10] {nemo} nope...but related
[08:11] {Onix} dutch?
[08:14] {cosmo} i'll buy
[08:14] {nemo} Deutsch
[08:15] {nemo} well, my approximation of what I can remember, Ksystems is probably squirming in grammatical disgust
[08:20] {KSystems} by comparing german to africaans?
[08:20] {KSystems} no
[08:20] {KSystems} just ignoring you from now on ;)
[08:21] {KSystems} DRYS blood...
[08:21] {KSystems} news?
[08:22] {nemo} no meine Fahigkeit
[08:22] {hawkfan4} yes, 500 million$ offering of shares, + a downgrade this morning
[08:30] {Threei}  practically doubled shares
[08:31] {larisa} morning
[08:31] {nemo} that's what happens when banks aren't lending-inwestor dilution
[08:31] {Threei}  larisa :)
[08:31] {nemo} larisa :)
[08:31] {larisa} threei, nemo :)
[08:32] {Threei}  INITIAL JOBLESS CLAIMS: 588K V 575KE; CONTINUING CLAIMS: 4.776M V 4.620ME
[08:32] {Threei}  - Prior jobless claims revised from 589K to 585K
[08:32] {Threei}  - Prior continuing claims revised from 4.607M to 4.617M
[08:32] {Threei}  DEC DURABLE GOODS ORDERS: -2.6% V -2.0%E; DURABLES EX-TRANSPORTATION: -3.6% V -2.7%E
[08:32] {Threei}  - Prior Durables revised from -1.5 to -3.7%
[08:32] {Threei}  - Prior Durables Ex Transportation revised from +0.6% to -1.7%
[08:35] {larisa} DRYS is not nice, hope elepet sold 
[08:36] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.
[08:36] {larisa} good :)
[08:36] {cujo} g'morning
[08:36] {Threei}  cujo :)
[08:36] {nemo} You ought to try your other arm, Vad...
[08:36] {larisa} good morning cujo
[08:36] {cujo} morning larisa
[08:36] {nemo} dog...
[08:36] {cujo} nemo
[08:37] {Threei}  anyone here is a fan of Lost?
[08:37] {nemo} Hey Hawk...Bruins might actually make some serious noise this year...only been 20 years
[08:37] {nemo} No
[08:38] {hawkfan4} They are looking good.  i'm just glad the Hawks are finally starting to get it together.  It's been a long time since they've been even decent.
[08:39] {nemo} I can empathize
[08:39] {hawkfan4} i am Vad
[08:40] {KSystems} Yes Vad
[08:40] {KSystems} love it
[08:40] {Threei}  :)
[08:40] {Threei}  creators said befofe this season start, they are in answers mode now,
[08:40] {KSystems} but dont spoil me =) recent two seasons havent aired in germany
[08:41] {Threei}  yeaterday's episode, if anything, only adds questions, lol
[08:41] {Threei}  oh, wow
[08:41] {Threei}  that's a bummer
[08:41] {Threei}  IMO, last two are the best
[08:41] {ese} morning
[08:41] {Threei}  ese :)
[08:41] {hawkfan4} hey es
[08:42] {Threei}  they are on internet somewhere I believe KS
[08:42] {Threei}  ad before the episode had url
[08:44] {Threei}
[08:45] {Threei}  oh, great
[08:45] {Threei}  only for USA veiwers
[08:46] {nemo} maybe a torrent site
[08:46] {Threei}  but that would be commerial-free
[08:48] {ese} hey hawk.....was down on the floor doing stretching exercises
[08:48] {i2romantis} morning everyone!
[08:49] {Threei}  i2r :)
[08:49] {cujo} morning i2r
[08:49] {hawkfan4} that actually sounds like a good idea es
[08:50] {Threei}  great... now we have to convert ton to barrel
[08:51] {nemo} The Tsar is back....
[08:51] {nemo} that's like $25 a barrel
[08:52] {Threei}  with abundance of oil on the market, sounds like surefire way to render themselves irrelevant
[08:52] {nemo} or give others ideas
[08:53] {cosmo} why burn oil when you can burn bridges?
[08:53] {nemo} Only temporary cosmo
[08:54] {cosmo} yes... fires eventulaly die
[08:54] {Threei}  I saw Gore on TV yesterday... he told me we are at the tipping point
[08:54] {cosmo} eventually
[08:54] {cosmo} cheers then
[08:55] {Threei}  I expected the sentence to end with "... frm warming to cooling"
[08:55] {Onix} you spoke to Gore on TV Vad?
[08:55] {Threei}  well, they talk to me... sometimes I try to asnwer
[08:55] {Onix} :D
[08:55] {Threei}  but my answers are rarely suitable for women and children
[08:56] {nemo} Yeah, archeologists centuries from now will find him frozen in a glacier
[08:56] {Onix} :O
[08:56] {Threei}  and considering how rich Russian is in swearing department...
[08:58] {Onix} you don't have one of those rubber bricks you can throw at the tV?
[08:59] {Onix} it works better than throwing the remote ... trust me
[09:01] {Threei}  no, I don't go that far
[09:02] {Threei}  swearing at TV is relaxation tchnique to me
[09:03] {nemo} I was at a party once where the guy who owned the place got up and put a 1 wood right through the screen...relaxation I guess
[09:03] {nemo} nice swing actually
[09:04] {cujo} what was showing on the TV that made him that mad?
[09:04] {cujo} and by 1 wood, do you mean a Driver or a 1 iron?
[09:04] {hawkfan4} i'm guessing it was CNBC
[09:04] {cujo} ha ha ha
[09:05] {nemo} I was "rather drunk at the time" to quote a favorite Pom.  I don't remember 1 wood=driver, yes.  Sorry....OLD school.  Nah, twenty years ago.
[09:05] {cujo} ha ha ha.  that is funny.  
[09:06] {nemo} Yeah, good thing I was driving...could barely walk
[09:06] {dino} gm all
[09:07] {nemo} dino :)
[09:08] {dino} gm nemo
[09:09] {Threei}  dino :)
[09:09] {cujo} morning dino
[09:09] {cujo} you make the McDonalds run this morning?
[09:10] {fernp} Hello everybody
[09:10] {Threei}  fern :)
[09:10] {elepet} good morning all
[09:11] {nemo} little C&H on FAZ just broke
[09:11] {Threei}  good morning elepet, congratulations on timely DRYS exit
[09:11] {hawkfan4} no kidding, nice job
[09:11] {dino} no cujo, magoo's upset
[09:12] {cujo} :(
[09:13] {dino} sidetracked, daughters' at my office skipping school
[09:13] {cujo} ahh, bring your kids to work day.  
[09:13] {cujo} Dino jr.
[09:13] {ese} am still long DISH  .29 from gonna dump at open
[09:13] {dino} no, he got on the bus
[09:14] {Threei}  12.29?
[09:14] {elepet} thanks. i wasn't sure anyone saw that post. it really was sstrange. 6 minutes before close i sold half. 3 minutes later i had a panic call and sold the rest. not at the price i wanted but enough. whew.
[09:14] {ese} 13.29
[09:14] {cujo} great call el
[09:15] {Threei}  I saw elepet, was happy to see
[09:15] {ese} should have gotten rid of it at .45 to .50 but wasn't near my computor
[09:15] {ese} hanging defeats purpose of the trade ...was just a day trade
[09:16] {cujo} Vad, outside of usual suspects, anything you think we should keep a close eye on this AM?
[09:17] {Threei}  not at this point, I don't see anything trading in unusual enough way to warrant special attention
[09:17] {Threei}  sheesh... magoo, torture is forbidden now, haven't you heard
[09:17] {Threei}  so id self-torture
[09:17] {Threei}  in which you are engaged
[09:18] {dino} well; hell is repetition (storm of the century)
[09:19] {cujo} s qqqq .01
[09:19] {Threei}  as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)
[09:19] {ese} the only way that little message could be more annoying is if they put in capitols and highlighted the word "YOU" are not permitted etc etc
[09:19] {Threei}  lol
[09:20] {nemo} Or...they lifted your name and inserted that..
[09:20] {magoo} you are not coming up in floor today vad
[09:21] {Threei}  I am
[09:21] {Threei}  [09:19] {Alert} Threei as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)
[09:21] {Threei}  [09:19] {Alert} Threei lol
[09:21] {Threei}  [09:21] {Alert} Threei I am
[09:21] {Threei}  that's from floor
[09:22] {i2romantis} he is, as far as I can tell
[09:22] {i2romantis} maybe config on your end, mag
[09:22] {magoo} not in mine
[09:22] {i2romantis} odd
[09:23] {nemo} Yep...I get vad 5x5
[09:23] {KSystems}                                                                                                                                                                                                                                                                                                                                         whats happening magoo?
[09:23] {KSystems} oops
[09:23] {i2romantis} markets are also odd this morning, opening below the waist
[09:23] {nemo} that's where magoo thinks
[09:23] {nemo} a pimple on his a$$ is a brain tumor
[09:23] {nemo} had to...sorry
[09:25] {magoo} i need help K..but later ok?
[09:25] {KSystems} sure
[09:25] {magoo} vad type sdomethging
[09:26] {Threei}  sdomethging
[09:26] {hawkfan4} lol
[09:26] {cujo} he he he
[09:26] {nemo} type it vad...not copy/paste
[09:26] {Threei}  {magoo} i need help {--- I waited for this admission for years
[09:27] {magoo} ty..weird..fist time flloor been dead..its open ..just says im in that room which is diferent too
[09:27] {nemo} were you sitting down?
[09:27] {magoo} but wanna trade 
[09:27] {magoo} so later
[09:27] {Threei}  skipping first min utes guys, don't see anything trade-ready
[09:29] {i2romantis} my hunch is that DRYS is too low, we'll see
[09:29] {Threei}  could be i2r, it's just first reaction on such dump is violwent,
[09:30] {Threei}  risk is large, and this was not a very safe stock to begin with
[09:30] {i2romantis} true
[09:30] {dino} secondary $500m drys
[09:30] {Threei}  I would prefer very sharp selloff on it, one of those "out of anything remotely reminding sensible"
[09:31] {Threei}  those produce more readable scalps
[09:31] {dino} might be easier to play tbsi, nat
[09:31] {Threei}  or prolonged consolidation, digestion of selling pressujre, then break
[09:32] {Threei}  FAS nice jump
[09:32] {Threei}  watching if it pulls back again to form double bottom
[09:32] {dino} ndx gap 1194, 845, 8083
[09:33] {hawkfan4} nice heads up on DRYS vad, thx
[09:33] {hawkfan4} wow
[09:33] {Threei}  wild one
[09:34] {Threei}  drop to 9.20 will probably be wort a try
[09:34] {Threei}  and FAS to about 11
[09:35] {ese} L SYMC .60
[09:35] {ese} stop .50
[09:36] {ese} out dis by the way at .20 -.09
[09:36] {Threei}  DRYS
[09:36] {ese} DISH
[09:36] {dptl} gm all
[09:36] {Threei}  in .17
[09:36] {Threei}  stop under 9
[09:36] {Threei}  half lot
[09:38] {Threei}  stop to under .10
[09:39] {Threei}  out
[09:40] {ese} Symc stopped 
[09:40] {ese} .01 -.09
[09:41] {ese} thought that it had the moxy to go....
[09:41] {Threei}  wow POZN
[09:41] {i2romantis} DRYS is staying above water while the rest of the market is taking a dive
[09:41] {Threei}  06:06am [POZN] Informed by FDA That Endoscopic Gastric Ulcer incidence continues to be an acceptable primary endpoint
[09:42] {Threei}  yeah, I guess was worth holding a bit
[09:42] {ese} long SEPR .40
[09:42] {Threei}  anyway, if you are still in, start taking profit
[09:42] {ese} full lot
[09:43] {ese} out SEPR .60 +.20
[09:44] {Threei}  good one
[09:44] {Threei}  and qwuick
[09:44] {ese} like quick for sure
[09:45] {Threei}  FAS
[09:45] {cujo} c & h drys?
[09:46] {Threei}  coming into bounce zone
[09:46] {dino} sigi
[09:46] {Threei}  as close to 11 as possible
[09:46] {Threei}  to 11.10, sorry
[09:47] {Threei}  not really on DRYS, cujo
[09:47] {cujo} got it
[09:48] {dino} sqnm
[09:49] {ese} long STX .98
[09:49] {dino} cat hap fill
[09:50] {Threei}  FAS
[09:50] {KSystems} in .05
[09:50] {Threei}  in .05
[09:50] {magoo} .10 here
[09:50] {cujo} .05
[09:51] {Threei}  stop under 10.90
[09:52] {Threei}  come on, that's serious overstretch
[09:52] {Threei}  bounce already
[09:52] {Threei}  grrr
[09:52] {KSystems} stopped here
[09:52] {dino} watching cat, sigi, sqnm, t, mcd
[09:53] {larisa} APOL is only happy one thi smorning
[09:54] {nemo} Mags...go to the bathroom
[09:54] {hawkfan4} watching HIG
[09:54] {magoo} need another cup joe first
[09:55] {Threei}  16 break on HIG hawk?
[09:55] {hawkfan4} .05 for me
[09:55] {magoo} in HIG 16
[09:55] {cujo} got back into fas .83
[09:55] {cujo} out .93
[09:56] {Threei}  wtg
[09:56] {hawkfan4} drys holding nice too
[09:57] {ese} OK Vad need your guidance on STX     had 2 1/2 lots at .98   real quick stop .94 I'm up .02   any thoughts
[09:57] {ese} not had ...have
[09:58] {ese} looks up....
[09:58] {Threei}  no idea es... trades too slow to tell anything
[09:58] {hawkfan4} watching GS for dbl bottom too
[09:58] {ese} tks
[09:59] {nemo} Battle of Hastings moment for FAS
[10:00] {Threei}  DEC NEW HOME SALES: 331K V 397KE
[10:00] {cujo} thanks hawk, caught that bounce for + .10
[10:00] {cujo} GS
[10:00] {hawkfan4} nice :)
[10:00] {Threei}  (-14.7% M/M)
[10:00] {cujo} rimm fast selling
[10:01] {Threei}  HIG looks better now
[10:02] {Threei}  FAS is probably ready
[10:02] {fernp} cover HBAN +.10
[10:04] {ese} out STX .06 + .08 
[10:04] {dino} sm mcd l .50
[10:04] {ese} 2 1/2 lots couple a hyndred bills....nerve racking
[10:05] {KSystems} l FAS .57
[10:05] {ese} don't trade with size like that very often.....
[10:05] {KSystems} out FAS +.10
[10:05] {hawkfan4} in HIG
[10:06] {hawkfan4} stop under .80
[10:06] {dino} cat sm l .00
[10:06] {KSystems} took HIG from .01 to .10 thanks hawk
[10:07] {hawkfan4} np :)
[10:08] {cujo} Hawk in fuego
[10:08] {magoo} i was thinking .43 area exit HIG
[10:08] {hawkfan4} me too mags
[10:09] {magoo} lowest i saw was .88
[10:09] {dino} mstr
[10:10] {dino} axys
[10:11] {magoo} no mkt help hawk
[10:12] {ese} mstr long dino?
[10:12] {dino} no
[10:12] {dino} liking axys for bounce
[10:13] {ese} was looking at LRCX
[10:13] {ese} for bounce
[10:14] {dino} you remind me of bruce es
[10:14] {dino} compliment. he mad me $
[10:14] {ese} purquo?
[10:15] {ese} long LRCX 1/2 .24
[10:15] {dino} lrcx pretty good miss
[10:16] {dino} wynn good drop, coming into 5 day support
[10:16] {Threei}  COCO 52 weeks highs
[10:17] {ese} if QQQQ heads up i may stay with LRCX....but i might have missed the momentum
[10:18] {dino} trade the plan es
[10:19] {ese} ya...good point stop is at .10
[10:19] {Threei}  SQNM
[10:21] {dino} sort of like a preg scare
[10:21] {hawkfan4} definitely no lose on HIG now
[10:21] {dino} real$ saying same 3i
[10:21] {ese} stopped LRCX .07
[10:22] {ese} -.17 on 1/2
[10:22] {ese} auchhhhhh du myaa!!!
[10:23] {cujo} l MCD .44
[10:24] {ese} looks good on pullback cujo
[10:24] {ese} could be triple botom
[10:25] {magoo} long Q .85
[10:25] {magoo} .74 stop[
[10:25] {magoo} kickin HIG
[10:25] {magoo} taking too long
[10:26] {hawkfan4} GS 85.10 break should help
[10:26] {hawkfan4} nice
[10:26] {magoo} wow..nice kick
[10:26] {cujo} out mcd .50
[10:26] {Threei}  hig looks to me a better play as entries on those gut-wrenching pullbacks and sell into spikes
[10:27] {ese} good one cujo
[10:27] {cujo} thanks ese
[10:27] {magoo} id say it applies to all today vad
[10:27] {Threei}  yes mags, I mean as in multiple plays vs. hold
[10:28] {magoo} mkts a biut overbought here...4 days up...weak volume
[10:28] {magoo} bit
[10:28] {magoo} risk is  to downside
06[10:29] * dino slaps magoo around a bit with a large trout
[10:29] {Threei}  APOL and COCIO non-stop
[10:29] {magoo} what for ding dong?
[10:29] {Threei}  I wonder if CECO want to play catch-up
[10:29] {dino} exp week, gaps almost filled, -140 dji, short is risky imo
[10:30] {dino} probabilities
[10:30] {larisa} CHK no pullbacks too 
[10:30] {dino} wynn sm l .50
[10:31] {magoo} news APOL vader?
[10:31] {dino} n.gas -186 bcf
[10:31] {Threei}  no... general strength in education sector
[10:32] {magoo} ill go get some bananas to dangle over coco "the monkey" if u choose to enter
[10:33] {dino} cpla not following, watching it
[10:33] {ese} L SEPR .18 3/4
[10:34] {Threei}  here comes anohtre one of those HIG pullbacks
[10:34] {Threei}  quick .24 - .38 scalp
[10:35] {hawkfan4} 1/2 out .44
[10:35] {ese} out SEPR .36 +.18
[10:36] {dino} gj
[10:36] {ese} tks
[10:37] {cujo} Vad, missed the HIG, would you get back in on another pullback to .20s?
[10:37] {Threei}  can't tell in advance cujo
[10:37] {Threei}  it's kind of tick by tick read
[10:37] {KSystems} in current uptrend could be around .30 as well?
[10:37] {magoo} anyone take Q call? let it trade
[10:37] {magoo} should see 30
[10:37] {Threei}  right KS
[10:37] {cujo} ok
[10:39] {dino} larisa close +150ish
[10:40] {larisa} i like optimists :)
[10:40] {dino} next week i'll switch sides
[10:41] {hawkfan4} .40 stop for the rest of HIG
[10:41] {dino} cpla may try to catch up w/esi coco, apol on break of .00
[10:42] {Threei}  HIG is break-ready
[10:44] {KSystems} got +.10 on HIG thanks vad
[10:45] {Threei}  :)
[10:46] {KSystems} s hl LBTYA .74 stop @.96
[10:47] {dino} axys sm l .78
[10:47] {Threei}  sheesh... can you believe FAS?
[10:49] {Threei}  HIG
[10:49] {Threei}  watch pullback
[10:49] {Threei}  won't be possible to call on the go most likely,
[10:50] {Threei}  what you want to see is this instant teleportation 10-15 cents lower
[10:50] {Threei}  pause for entry, then quick ramp back up to dump into
[10:51] {Threei}  GS
[10:51] {KSystems} s hl AFG .17 stop @.39
[10:52] {dino} apei joining ed stocks move
[10:54] {ese} L CENX .70 
[10:55] {dawg} thanks magoo got .30
[10:55] {dawg} Q's
[10:56] {magoo} nice dawg..welcoime
[10:56] {dawg} ).
[10:57] {hawkfan4} sold rest hig .53, getting sleepy staring at it
[10:57] {fernp} cover MWV +.12
[10:57] {dino} gj
[10:57] {magoo} out too .50 hawk
[10:58] {ese} indeed nice doughggg
[10:58] {hawkfan4} nice mags
[11:05] {dino} axys stopped -.38
[11:05] {Threei}  {FNM FRE}
[11:08] {Threei}  HIG is practically indifferent to market selling here
[11:12] {Threei}  aiming for 17
[11:15] {dptl} grabbed .75 to .95 hig
[11:15] {Threei}  :)
[11:16] {KSystems} s IYW .92 stop @.02
[11:17] {dino}  stuck in tight range
[11:17] {dino} markets that is
[11:18] {larisa} dino, took several CAT scalps .10 -.25. ranging nicely. you still in ?
[11:21] {dino} gj larisa, yes, feeling .60s
[11:22] {dino} nice base tho, you may have the better idea
[11:22] {dino} markets coiling, big move coming
[11:23] {nemo} yeah, but which way ino
[11:23] {larisa} too close to 52W low. I am watching for CAT to break down. pessimist here :)  
[11:23] {larisa} but want it to hit .60 first for you :)
[11:23] {dino} lol
[11:23] {Threei}  WFC
[11:23] {nemo} not you too Larisa
[11:24] {dino} if markets get a bid, it will to, otherwise.......
[11:24] {Threei}  HIG seems to be done for now
[11:24] {Threei}  scalps on bounces, but no more new highs for a while
[11:25] {Threei}  PALM, something started happening here
[11:26] {nemo} There's somethin' happenin' here...what it is ain't exactly clear...
[11:30] {nemo} FAS vad?
[11:30] {Threei}  one more leg down would be nice
[11:31] {nemo} volume hasn't capitulated?
[11:31] {ese} see you all in about 1 1/2 hrs
[11:31] {Threei}  it generally tends to go a bit more just when it seems to be ready to reverse
[11:32] {Threei}  take care ese
[11:36] {hawkfan4} PALM
[11:37] {Threei}  I don't see news
[11:37] {Threei}  but something was breweing
[11:37] {cujo} that is me covering my short
[11:37] {hawkfan4} me either.  got .96
[11:38] {cujo} :)
[11:38] {hawkfan4} and missed that spike, doh
[11:39] {Threei}  that was speed of light
[11:39] {Threei}  but continues climbing
[11:39] {hawkfan4} i move more at the speed of syrup
[11:40] {KSystems} IYW out 1/2 +.01
[11:40] {KSystems} blah
[11:40] {KSystems} +.10
[11:41] {larisa} :)
[11:43] {Threei}  holding well
[11:43] {Threei}  .20 and then .30 break should sky-rocket it
[11:44] {Threei}  unless it's some kind of stupid rumor that gets denied quickly
[11:44] {magoo} what stok vad?
[11:44] {cujo} palm
[11:44] {magoo} ty
[11:45] {KSystems} AFG out half +.22
[11:45] {hawkfan4} yeah, torn on selling, sold .14, but want it back
[11:49] {Threei}  if not for this decreasing volume on daily, I would confidently say PALM is looking for 9
[11:49] {hawkfan4} back in .12 avg
[11:50] {dino} soro is short the euro obviously
[11:50] {nemo} Vad's short the euro
[11:51] {magoo} and nemo's just plain short 
[11:51] {nemo} stuck my chin out on that one
[11:51] {Threei}  I am pretty sure euro is in grave danger
[11:51] {dino} lol
[11:51] {Threei}  .20 is taken
[11:52] {dino} could be vad, of course the $ was too a few months ago. cycles imo
[11:52] {Threei}  well... euro has additional risks that $ doesn't
[11:52] {KSystems} in PALM
[11:52] {nemo} many countries?
[11:52] {dino} yes, members may get out
[11:53] {Threei}  right... EU cohesion is a big risk factor
[11:53] {nemo} no, germany will want to get out...euro=deutschmark
[11:53] {nemo} stimmt herrn K?
[11:55] {magoo} restroom indicator still in force
[11:55] {dino} t getting interesting
[11:55] {magoo} represents UP
[11:56] {magoo} long MCD .35
[11:56] {Threei}  remember NURO mentioned around 1.30?
[11:57] {hawkfan4} GS cup/handle 85-85.10 break, extra risky
[11:57] {cujo} b MCD .36
[11:58] {magoo} half out here cujo LOL
[11:58] {cujo} ;)
[11:58] {dino} roflol
[11:58] {hawkfan4} vad, u in NURO?  Was looking at it yesterday, it's nonstop
[11:59] {Threei}  no... took at at .33 when mentioned but sold .5 something
[11:59] {Threei}  looks aiming for 2 at least now
[12:01] {KSystems} palm stop is {.10 ?
[12:01] {Threei}  I guess... it's hard to place stop on momo movers, technicals do not really apply... but gotta have it somewhere
[12:02] {KSystems} IYW out 1/4 more +.20
[12:02] {Threei}  nice
[12:02] {hawkfan4} yeah, mine's under 8, see what happens if it gets there
[12:02] {larisa} gj KS
[12:02] {cujo} stopped mcd
[12:02] {KSystems} thanks
[12:02] {hawkfan4} don't want to end up married to my palm ;})
[12:02] {KSystems} stopped PALM
[12:03] {Threei}  FAS is getting spmewhere now
[12:03] {hawkfan4} HIG big pullback
06[12:06] * KSystems is listening to Yes - Changes
[12:06] {KSystems} encountered it a few days ago, this is a big one
[12:06] {KSystems} before you pick on my age Vad, I knew it before, just FOUND it again
[12:06] {nemo} My God...I remember when the first came out!
[12:07] {nemo} Mood for a Day
[12:07] {elepet} anyone in it now? i'm in at 8.00
[12:07] {Threei}  KS, that won't help you much... I am going to pick up on you anyway, simply because that's what I do
[12:07] {hawkfan4} i am elepet, 8.12, scalped it once already
[12:08] {KSystems} thats just my foolish optimism
[12:09] {dino} pearl jam here ks
[12:10] {magoo} this has got to be 1 of your hardest weeks vad
[12:10] {nemo} playing "Over the Hills and Far Away" here
[12:10] {Threei}  in quite a while, yes
[12:12] {hawkfan4} trying HIG .25, stop .19
[12:12] {dino} evenflow nemo
[12:13] {dino} but it's a 90s alt. rock station so changes
[12:13] {dino} sm t l .65
[12:13] {Threei}  should be good for above .40 if market doesn't die hawk
[12:15] {hawkfan4} thx, i'll take it. GS needs to stop dying b4 the market rallys imo
[12:17] {hawkfan4} stopped HIG
[12:17] {KSystems} sm l ALK .59 stop @.38
[12:21] {magoo} very confusing mkt here
[12:22] {magoo} thought crash seems like trying
[12:24] {nemo} ascending triangle on FAS?
[12:26] {dino} it's a winnie the poo market, very confusal
[12:30] {KSystems} ALK half out +.21
[12:37] {magoo} someone wake vad..mkt moving
[12:37] {Threei}  where?
[12:37] {magoo} Q rIMM GS MCD
06[12:37] * KSystems slaps Threei around a bit with a large tape
[12:38] {dino} gj ks
[12:38] {KSystems} ty dino
[12:38] {Threei}  FAS is honestly trying
[12:40] {Threei}  not very successfully though
[12:40] {Threei}  so... where is it market moving?
[12:41] {larisa} I like this guy who is selling his system on CNBC:) claiming he made 100+K a day trading live in NY in front of customers. Offering his system for free, just s&h :) Why does he even bother to sell anything, just make 100K a day and be happy.
[12:41] {KSystems} ALK out rest +.10
[12:41] {magoo} [12:40] {Threei}  so... where is it market moving?
[12:41] {magoo} false alarm...again sigh
[12:42] {magoo} go back to sleep..ill wake u if
[12:42] {Threei}  I can go back to sleep?
[12:42] {Threei}  cool
[12:42] {larisa} no, talk to us
[12:42] {Threei}  I just don't want to jump on each tick
[12:42] {Threei}  they all get faded both directions
[12:43] {dino} kid rock
[12:43] {KSystems} AFG out 1/4 more +.44
[12:44] {Threei}  KS is killing it
[12:44] {KSystems} should have done this way earlier probably...
[12:44] {dino} nice
[12:55] {KSystems} LBTYA out half +.22
[12:55] {Threei}  there you go
[12:55] {Threei}  whole rally was based on hope for that bad bank
[12:58] {fernp} cover QQQQ +.10
[12:58] {dino} dji gap filled
[13:02] {Threei}  siting it out
[13:03] {Threei}  no way to tell whether we get worhy bounce or just crash'
[13:09] {Threei}  PALM is more or less holding
[13:21] {Threei} Long Setup:  GG  .40
[13:21] {Threei}  if stays above .30
[13:31] {Threei}  V?
[13:32] {Threei}  what's with this dog?
[13:32] {KSystems} l NJR .83 stop @.68
[13:33] {Threei}  welcome to big nanny state
[13:35] {dino} yes.
[13:35] {dino} worse, the gov't subsidizes the tobacco growers, then taxes the manufactiueres. makes alot of sense...not
[13:35] {dino} manufacturers
[13:37] {Threei}  we nationalize banks and failed businesses, decide what you smoke, what you eat, what you earn, whether you can possess a gun... I am right back to USSR
[13:37] {dino} gets worse every year
[13:37] {cujo} see ya all.  Going to call it a day. 
[13:37] {cujo} catch you in the morning
[13:38] {Threei}  take care cujo, I don't think you'll miss much, lol
[13:38] {cujo} :)  HOpe not. 
[13:38] {dino} cya
[13:38] {dino}  brb
[13:38] {magoo} bye cujo
[13:38] {KSystems} NJR stopped -.17
[13:46] {magoo} gun to head...UP
[13:47] {nemo} Mow!
[13:47] {magoo} u in MOW?
[13:48] {nemo} No, you said gun to head, made me think of the vietnamese guy in Deer Hunter
[13:51] {KSystems} LBTYA out 1/4 more +.44
[13:53] {Threei}  not good KS
[13:53] {KSystems} ???
[13:53] {Threei}  market suffers... you should suffer with it
[13:53] {KSystems} oh
[13:53] {nemo} duck KS
[13:54] {KSystems} does it help saying its just on paper?
[13:54] {larisa} it is ?
[13:54] {KSystems} yes
[13:54] {KSystems} you didnt trade it did you?!
06[13:54] * larisa slaps Threei around a bit with a large trout
[13:54] {Threei}  hmmm... what was that for?
[13:55] {larisa} i am bored :)
[13:55] {Threei}  oh
[13:55] {Threei}  that's valid reason to slap people in your opinion?
[13:55] {larisa} it is
[13:55] {Threei}  okay then
[13:55] {nemo} wonder what's i her closet?
[13:56] {Threei}  AKM 47 I suspect
[13:57] {nemo} what's the "M" stand for?
[13:57] {KSystems} only suitable for "male" targets nemo
[13:58] {Threei}  modernized
[13:58] {nemo} Automat Kalishnikov, I just don't know what the M stands for.  She'd probably be better off with the '74
[13:58] {nemo} oh
[13:59] {Threei}
[14:00] {magoo} im running into restrm nnow to help mkt
[14:00] {Threei}  I am hesitant to make a call on it, but PALM feels like something is ahead still
[14:04] {Threei}  if not for the general market conditions... 9 is the least it could do
[14:04] {Threei}  most likely more
[14:05] {elepet} i'm still in from 7.96 anad it feels strong for some reason.
[14:05] {Threei}  very
[14:05] {Threei}  - says Obama may ask for more TARP funding beyond $700B, but would have to make a strong case for it.
[14:05] {Threei}  heh
[14:09] {Threei}  the way PALM trades makes me think some news is coming, and we see a result of leak
[14:10] {elepet} it actually has been going up steadily for the past couple of weeks.
[14:11] {Threei}  original gap and run was news
[14:13] {Threei}  01/23/09 12:37pm
[14:13] {Threei}  [PALM] Palm, Inc Best Buy Mobile Exec: We are holding talks to sell Palm's Pre smartphone, not yet ready to announce retail deal
[14:13] {Threei}  - says also in discussions with Sprint
[14:13] {Threei}  maybe these talks are getting somewhere
[14:15] {hawkfan4} had to run out for a bit, glad i survived PALM 
[14:17] {dino} what were you doing?
[14:17] {magoo} try hand lotion hawk
[14:18] {Threei}  meanies
[14:18] {hawkfan4} :) lol, i stepped right into my own trap
[14:18] {nemo} glad I wasn't...nevermind
[14:18] {dino} lol
[14:19] {elepet} I'm getting hungry. Please babysit PALM while I'm gone.
[14:19] {Threei}  just in case, lut in sell order at 8.95
[14:19] {magoo} im up 17 dollar menu cheeseburges here
[14:19] {elepet} good idea
[14:20] {Threei}  who knows wat happens while you are out... would be a shame to return to see it ran and droped
[14:21] {Threei}  sigh
[14:21] {dino} biden, please shut up
[14:22] {dino} the v.pres. should be seen and not heard
[14:22] {Threei}  GERN some activity
[14:23] {cosmo} PALM needs to hold
[14:23] {cosmo} or its a double top
[14:23] {cosmo} imho
[14:24] {cosmo} 8
[14:25] {Threei}  holding 8 and returning to high would be C&H
[14:25] {dino} vsec
[14:26] {hawkfan4} tomy
[14:26] {cosmo} palm needs a handle tho
[14:27] {dino} vsec was the -20 mover last week on contract loss
[14:28] {hawkfan4} news on it
[14:28] {dino} 389m contract 2 yr win
[14:29] {KSystems} LBTYA rest out +.25
[14:29] {hawkfan4} yep, have briefing on a diff computer right now, can't post
[14:29] {magoo} any read GS HAWK?
[14:29] {Threei}  some encouraging talk here:
[14:29] {Threei}  - note: Q4 advance GDP data due out at 8:30amET Friday (this is the first of three readings on Q4 GDP)
[14:30] {hawkfan4} gut is it recovers some, long over 84.30 should get it going
[14:30] {magoo} TY bud
[14:30] {dino} these politicians are idiots. like anybody expects good gdp #s
[14:30] {hawkfan4} np, i'm watching it
[14:30] {Threei}  GERN... on daily, 7.50 is important resistance to break
[14:34] {hawkfan4} HIG trying off .50
[14:37] {hawkfan4} nice VSEC dino, took 100 shrs 27.72, thx
[14:37] {dino} gj
[14:41] {KSystems} AFG out rest +.36
[14:43] {Threei}  laserdave, dcc
[14:49] {dino} ks in the zone today, gj
[14:50] {Threei}  yeah, KS and hawk are truly irritating today
[14:50] {larisa} lol
[14:50] {Threei}  :)
[14:50] {hawkfan4} hey! :)
[14:50] {dino} lol
[14:50] {hawkfan4} every dog has his day
[14:50] {KSystems} hey thank you
[14:51] {KSystems} was about time though
[14:51] {Threei}  and the only reason it bothers me is that it's usually my place, pleasure, right and privilege to irritate people
[14:51] {Threei}  I am good at it... and now I feel competition
[14:52] {KSystems} difference is, vad, YOU dont have to be profitable to be irritating
[14:52] {hawkfan4} lol
[14:52] {larisa} rofl!
[14:52] {Threei}  yeah, it comes to me naturally
[14:52] {Threei}  kind of built-in feature
[14:53] {larisa} sometimes you guys can be funny..
[14:53] {Threei}  funny - sometimes... iriitating - aleays. That's my credo
[14:55] {KSystems} s hl FLIR .13 stop .26
[14:56] {hawkfan4} PALM trying for the handle
[14:57] {Threei}  unless market ruins it... volume shaped up for the cup
[15:03] {Threei}  GERN
[15:03] {Threei}  how about that
[15:03] {magoo} u in PALMN?
[15:04] {KSystems} FLIR stopped -.13
[15:04] {Threei}  ashamed to say, yes
[15:04] {magoo} where?
[15:04] {Threei}  anyone took GERN on break?
[15:04] {Threei}  right here mags
[15:04] {Threei}  8.01
[15:04] {tomg} i did vad
[15:04] {Threei}  cool beans tom
[15:04] {tomg} still have 100
[15:05] {Threei}  if protected most of profit, I wouldn't care about 100
[15:05] {tomg} ok
[15:05] {Threei}  7.40 is clean support
[15:06] {Threei}  let it trade with stop under .40 for that last 100
[15:06] {tomg} ok, ty
[15:07] {Threei}  just don't chase it anyone
[15:07] {nemo} I miss anything the last 5 minutes...power out
[15:08] {Threei}  it's not on the stage of the move where chasing is allowed
[15:08] {nemo} what stock, Gern
[15:08] {nemo} Hey KS, you like "Gern"?
[15:08] {KSystems} sigh
[15:08] {Threei}  yes nemo
[15:09] {nemo} sorry k
[15:09] {KSystems} *G*
[15:09] {KSystems} i was wondering who'd be the first to ask
[15:11] {nemo} they'd have to have some background
[15:18] {hawkfan4} GS waking up a bit
[15:19] {magoo} u in?
[15:19] {Threei}  stage
[15:19] {Threei}  huh
[15:19] {magoo} [15:18] {hawkfan4} GS waking up a bit
[15:19] {hawkfan4} not yet, want decisive move over 84 area, keeps getting hammered down
[15:24] {nemo} Charlie Gasparino let go an "Fbomb" on CNBC?
[15:24] {dino} lol
[15:25] {nemo} tp://
[15:26] {dino} i guess cnbc will use that for the reason the markets dropped today
[15:26] {nemo} His last day on the the end of the segment you hear, "Hello, YouTube."
[15:27] {nemo} financials dumping but palm far
[15:28] {Threei}  ag
[15:28] {Threei}  never mind
[15:29] {nemo} frustrating...huh Vad?
[15:29] {Threei}  ?
[15:29] {nemo} the day
[15:29] {Threei}  not really
[15:29] {nemo} o.k.
[15:29] {Threei}  just sitting out days when I am cold as cucumber
[15:30] {nemo} palm on a cliff, or a springboard?
[15:30] {Threei}  trading for many years, you don't put much significance in any given day
[15:31] {Threei}  look at FAS
[15:32] {nemo} cliff
[15:33] {dino} s/p gap filled
[15:38] {nemo} love this on the market"
[15:38] {nemo} Were seeing a bit of indigestion, said Larry Dyer, a U.S. interest-rate strategist with HSBC Securities (USA) in New York, one of 17 primary dealers that are required to bid in Treasury auctions. Its a mini bear market, and were underwriting in it.
[15:39] {nemo} mini-bear market
[15:42] {hawkfan4} wow, hig dump
[15:43] {Threei}  {LNC HIG MET GNW}
[15:45] {larisa} who said yesterday  HIG goes to 21 nonstop ??? 
[15:45] {nemo} I dunno'?
[15:45] {larisa} the one with 3 eyes
[15:46] {nemo} geez about kickin' a guy when he's down!!!
[15:47] {nemo} I don't think an AK is the only thing untoward she has in her closet
[15:47] {larisa} he is not down :)
[15:47] {Threei}  [13:28] {Threei} frigin HIG will never stop
[15:47] {Threei}  [13:28] {Threei} ever
[15:47] {Threei}  [13:28] {Threei} it will just go to 19... 20...21...
[15:47] {larisa} see ? :)
[15:47] {Threei}  :)
[15:47] {larisa} I never trust men again, even vad
[15:48] {nemo} masochist/sadist
[15:48] {Threei}  right... my today's take is:
[15:48] {Threei}  HIG will never recover
[15:48] {Threei}  ever
[15:48] {Threei}  it will drop to 15...14...13...
[15:48] {larisa} ahha
[15:48] {nemo} Oh, well, if it weren't for women, we'd still be in the frickin' Garden of Eden!!!
[15:48] {larisa} not you nemo..
[15:49] {nemo} stuck my chin out again
[15:49] {dptl} gn all
[15:49] {Threei}  take care dp
[15:49] {nemo} me to bye!
[15:49] {dino} cya dp
[15:49] {larisa} bye :)
[15:49] {Threei}  wow GERN
[15:50] {Threei}  PALM absorbed an awful lot of selling here
[15:50] {nemo} yeah, in the market downswing
[15:51] {nemo} bye folks
[15:51] {elepet} decision time PALM...take $10 profit or hold?
[15:51] {larisa} lol
[15:51] {Threei}  take care nemo
[15:51] {Threei}  elepet... my suggestion:
[15:51] {KSystems} bye nemo
[15:52] {dino} looking as if the funds don't have the funds to mark up any more. the pattern is broken
[15:52] {Threei}  take position small enough not to hurt if something bad happens
[15:53] {Threei}  if it shows more strength tomorrow, you will have ample opportunity to add
[15:53] {dino} cya nemo
[15:53] {Threei}  FAS death was anything but painless
[15:54] {elepet} i have 1000 shares from 7.97.  tendancy is to hold.
[15:54] {Threei}  if it can gnaw through 8 before close, would be a nice encouragement
[15:55] {dino} well thats what you get w/cramer ranting all day yesterday to not fight the fed
[15:55] {Threei}  guy is amazing
[15:55] {Threei}  lookie lookie PALM
[15:56] {dino} i wish they would just say; "let the markets work it out, no more $"
[15:56] {Threei}  no chance
[15:56] {Threei}  they are determined to fix it
[15:57] {elepet} guess i'm holding.
[15:57] {KSystems} IYW out rest +.55
[15:57] {Threei}  wtg ks
[15:57] {KSystems} ty :)
[15:58] {dino} wtg ks good job
[15:58] {KSystems} lucky...
[15:58] {dino} lol
[15:59] {Threei}  hawk... see NURO?
[15:59] {dino} out cat -.09, out t +.10
[16:00] {hawkfan4} yes, bot a little .76 ;) couldn't stand it anymore
[16:00] {Threei}  lol
[16:00] {Threei}  ok gys, thank you all
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {hawkfan4} nite all
[16:00] {larisa} good night
[16:01] {fernp} good nite all
[16:01] {patience} goodnight guys, another good day in gold  :)