Session Time: Tue Feb 03 00:00:00 2009
[07:54] {cujo} morning all.
[07:58] {Threei} Good morning
[08:01] {cujo} morning Vad
[08:02] {tomg} good morning :)
[08:02] {Threei} cujo, tom :)
[08:03] {magoo} morning
[08:03] {Threei} magoo :)
[08:05] {nemo} haroo?
[08:05] {Threei} I don't know what haroo is, but good morning to you too :)
[08:06] {nemo} I have a lambdasism (sp)
[08:06] {magoo} here come the games...senator on cnbc saying want to scrap the bill
[08:07] {Threei} rep?
[08:08] {magoo} shelby republican
[08:08] {magoo} "start over"
[08:11] {hawkfan4} drys
[08:11] {Threei} DRYS to you too hawk
[08:11] {nemo} corny
[08:11] {magoo} drys hawk:)
[08:11] {Threei} I don't see news
[08:11] {magoo} SNDK hit hard'
[08:11] {hawkfan4} good morning :)
[08:14] {Threei} you see anything anywhere on DRYS?
[08:14] {hawkfan4} nope
[08:15] {magoo} quite active here DRYS
[08:15] {Threei} look at EKN hawk... good thing we ignored it
[08:15] {Threei} ELN
[08:15] {hawkfan4} i know, wtf, that was a wierd move
[08:16] {hawkfan4} drys nonstop, no news on briefing
[08:17] {magoo} has FEEL to go over 6 premkt
[08:17] {hawkfan4} yessir
[08:17] {magoo} need a pullbk
[08:22] {larisa} good morning :)
[08:22] {elepet} good morning
[08:22] {nemo} GM larisa :)
[08:22] {Threei} larisa, elepet :)
[08:23] {hawkfan4} drys, drys :)
[08:23] {larisa} nemo, elepet, threei :)
[08:23] {Threei} lol hawk
[08:23] {Threei} BALTIC DRY BULK INDEX +4.5%
[08:24] {nemo} there ya' go
[08:25] {elepet} but it's been up for days and drys down
[08:25] {Threei} yup
[08:25] {Threei} good thinking elepet
[08:26] {nemo} elepet looking for logic...don't bother with relationships then
[08:26] {Threei} plus, being 11th straight increase, ity's probably nearing the top of the cycle
[08:26] {elepet} EXM and EGLE also up today
[08:28] {patience} good morning RT :)
[08:28] {Threei} patience :)
[08:29] {nemo} patience :)
[08:30] {Threei} wow
[08:30] {Threei} what the?
[08:30] {Threei} REACHES PRELIM AGREEMENT ON COVENANT WAIVER
[08:30] {hawkfan4} jeesh
[08:30] {Threei} what does it even mean, lol
[08:30] {nemo} damn...coulda' quit early
[08:31] {Threei} what covenant was that?
[08:31] {Threei} - Has reached an in principle agreement with Piraeus Bank, one of its largest lenders, to restructure its two loan facilities in the original aggregate principal amount of $220.0 million with current outstanding $164.9M
[08:31] {magoo} [08:17] {magoo} has FEEL to go over 6 premkt
[08:31] {Threei} ahha
[08:31] {nemo} bow to Mags
[08:31] {Threei} loan restructuring
[08:32] {Threei} WATG
[08:32] {Threei} AWARDED COMPETITIVE BID CONTRACT TO SUPPLY STARTERS TO A TOP THREE DOMESTIC AUTO MAKER IN CHINA
[08:46] {ese} morning.....
[08:48] {Threei} ese :)
[08:48] {elepet} Is it possible with short covering that DRYS could rise to its former glory?
[08:48] {ese} hey vad....not sure if i signed off with you all properly yesterday......appologies
[08:48] {Threei} as in, back in 20s? :)
[08:49] {Threei} no ese, you haven't... we decided to punish you for that today
[08:49] {elepet} that would be fun. i mean above 9
[08:49] {magoo} heck..DRYS 52 wk high appx 116..thats its former glory
[08:49] {Threei} but we couldn't come to agreement about how... and ended up beating each other up
[08:49] {Threei} so I guess you are off the hook
[08:50] {magoo} 3 52 wk low
[08:50] {Threei} elepet... DRYSA is very volatile animal... it could do practically anything
[08:51] {elepet} I must confess i bought 500 shares yesterday at 5.10 but was ashamed to tell anyone.
[08:51] {elepet} yeah i know...sell
[08:51] {magoo} 16.50 DRYS 1 month high
[08:51] {magoo} just filled first gap upward for dino
[08:52] {magoo} another upward gap to 12
[08:52] {hawkfan4} i bot 1k at 4.92 in the afterhours yesterday...and sold 4.93
[08:52] {Threei} don't spend it all at once hawk
[08:52] {magoo} ALTHOUGH..i must say I HATE DRYS
[08:52] {Threei} you may contribute to inflation
[08:52] {hawkfan4} that was right about the time i covered my SNDK short from 11.60 for a .10 loss
[08:53] {ese} ITMN.....
[08:53] {hawkfan4} i've got a case of the woulda-coulda-shoulda's
[08:53] {magoo} MYGN gapper
[08:53] {ese} up 5 bills....nice for those who got in yesterday
[08:54] {Threei} ITMN
[08:54] {Threei} 07:08am [ITMN] Two Phase III studies of Pirfenidone in IPF InterMune demonstrated statistical significance
[08:54] {Threei} and whole lot of scientific gibberish after that
[08:56] {magoo} ITMN avail short to laserheads...just kreep in mind
[08:57] {nemo} I'd have to have a mind to keep it in.
[08:57] {nemo} ehh...in which to keep it.
[08:59] {elepet} Palm seems ready to move up again. Is market in for a rally?
[08:59] {Threei} HRYSLER EXEC: JAN RETAIL SALES CLOSE TO OBJECTIVE
[08:59] {Threei} objective was to sell anything?
[09:00] {nemo} Yeah, only down 50%
[09:00] {Threei} looks so at this point elepet
[09:00] {Threei} but you know how fast things change these days
[09:00] {Threei} JPM
[09:00] {Threei} SELECTED BY THE FEDERAL RESERVE AS CUSTODIAN FOR ITS MORTGAGE-BACKED SECURITIES PURCHASE PROGRAM
[09:01] {nemo} They're already a hazardous waste dump
[09:02] {Threei} HIG near yesterday's high
[09:02] {nemo} dino :)
[09:05] {Threei} DRYS assault on high
[09:06] {dino} gm nemo
[09:06] {Threei} dino :)
[09:06] {Threei} if its normal personality is still in effect, should pull back now
[09:06] {Onix} Good morning all
[09:07] {Threei} onix :)
[09:07] {Threei} JPM CEO DIMON CALLS FOR FED RESERVE TO FINANCIAL SYSTEM REGULATOR
[09:07] {Threei} is it even English?
[09:07] {hawkfan4} lol
[09:08] {KSystems} Good morning!
[09:08] {Threei} well, as long as they unmderstand each other...
[09:08] {Threei} ks :)
[09:08] {Threei} ahha, correction
[09:08] {Threei} CEO DIMON CALLS FOR UNIFICATION OF REGULATORY STRUCTURES, FED RESERVE TO HAVE AUTHORITY OVER FINANCIAL SYSTEM
[09:09] {nemo} I'd rather Treasury have authority
[09:09] {Threei} thought of Fed being a regulating entity for fiancial system boggles my mind
[09:13] {Threei} be back in 5
[09:18] {Threei} elepet... my outlook on PALM is the same...
[09:18] {Threei} if market gains strength, techs perform well, and it breaks 8-8.40 zone, it's poised for 9 and above
[09:19] {Threei} will also depend on whether their deal with retailers goes through
[09:19] {Threei} with Best Buy particularly
[09:23] {Threei} DRYS... sharp pullback at the open is its trademark
[09:25] {KSystems} welcome buyem
[09:25] {buyemsellem} thank you, morning everyone
[09:25] {Threei} hi byem, welcome aboard
[09:25] {hawkfan4} gm
[09:26] {nemo} there's a lurking lycanthrope too...
[09:27] {Threei} so far, on watch
[09:27] {Threei} DRYS for pullback etry
[09:27] {Threei} HIG for possible continuation
[09:27] {magoo} sndk?
[09:27] {magoo} bounce?
[09:27] {Threei} and whatever scanner spits out
[09:27] {Threei} ugh
[09:27] {Threei} don't know about SNDK
[09:28] {Threei} thing is damaged badly
[09:28] {Threei} let's observe it for a while
[09:28] {dptl} gm all
[09:28] {Threei} dp :)
[09:28] {Threei} it filed shelf
[09:29] {dino} prgo
[09:29] {Threei} 07:51am [PRGO] Reports Q2 $0.46 v $0.50e, R $561.5M v $541.3Me. Lowers FY09 guidance)more.. - Guides FY09 EPS $1.75-1.90 v $1.95e ($1.92-2.00 prior)
[09:30] {Threei} here comes DRYS drop
[09:31] {Threei} under 6.20 should become an entry
[09:31] {Threei} in
[09:31] {Threei} stop under 6
[09:31] {magoo} in
[09:31] {cujo} in
[09:31] {Threei} got 6.14
[09:32] {hawkfan4} .18
[09:32] {magoo} .18
[09:32] {Threei} out half .27
[09:32] {Threei} stop to under .10
[09:33] {Threei} FAS sharp downtick
[09:34] {nemo} hig too
[09:35] {Threei} out DRYS balance
[09:35] {cujo} Thanks Vad
[09:35] {Threei} ugh... missed FAS
[09:35] {dino} mygn
[09:35] {Threei} felt like diving under .20
[09:36] {Threei} DRYS will give more opportunties, need to let it calm down a little
[09:36] {nemo} pre market on FAS congestion at 9.25
[09:37] {Threei} let's see if we get double bottom
[09:37] {magoo} nasty q
[09:37] {ese} PRGO bstop 25.31
[09:39] {Threei} Long Setup: FAS .35 if holding above .20
[09:39] {dino} where you get in short prgo es?
[09:41] {Threei} invalidated
[09:41] {Threei} rather bounce candidate now from under 9.10
[09:41] {elepet} not much of a rally.
[09:42] {dino} lol
[09:42] {Threei} Long Setup: HIG half lot .95
[09:43] {Threei} if holding above .80
[09:43] {ese} prgo bstop invalidated
[09:43] {Threei} 1:1
[09:44] {Threei} fast thing
[09:44] {Threei} anyone caught it?
[09:44] {ese} anyone catch coco?
[09:44] {_wulff} }93
[09:44] {Threei} nice entry
[09:44] {Threei} was very fast on spike too
[09:46] {_wulff} out
[09:46] {Threei} haven't sold any into spike?
[09:46] {_wulff} pullback entry
[09:46] {Threei} oh
[09:47] {Threei} market is downtrending, usually secondary entries should be lower than original
[09:47] {_wulff} DRYS not selling off
[09:48] {dino} re-fi in the works on drys
[09:49] {hawkfan4} GS holding better than FAS, wild one
[09:50] {Threei} FAS, quick pullback into .20 or just below is an entry
[09:50] {Threei} stop under .10
[09:51] {Threei} first strength from here
[09:51] {cujo} stopped
[09:57] {dino} beav sm l .00
[09:58] {cujo} b aapl .78
[09:59] {cujo} out .83
[09:59] {cujo} grrr
[10:00] {Threei} DEC PENDING HOME SALES M/M: 6.3% V 0.0%E
[10:00] {cosmo} hmm
[10:00] {Threei} -Prior revised from -4.0% to -3.7%
[10:11] {dptl} .
[10:11] {Threei} Long Setup: FAS .31
[10:11] {Threei} if stays above .20
[10:13] {Threei} invalidated
[10:13] {nemo} maybe db of .15
[10:14] {_wulff} smh?
[10:16] {Threei} .26 SMH with stop under .20... not very entyusiastic about it
[10:17] {cujo} in .26 half lot
[10:17] {cujo} SMH
[10:19] {cujo} out
[10:19] {Threei} who unplugged the market?
[10:20] {nemo} look around your feet
[10:21] {KSystems} yesterday that time my scanner was buzzing like a nervous bee
[10:22] {cujo} drys fast selling
[10:27] {Threei} time to start looking for FAS reversal
[10:27] {Threei} darn thing jumped as I typed
[10:27] {Threei} hoppefully, pullback closer to .80
[10:28] {fernp} hello everybody
[10:28] {Threei} yeah right
[10:28] {Threei} fern :)
[10:31] {dino} sm l prgo .50, stop .18
[10:37] {magoo} dam..missed GS..was looking @ 81.50
[10:39] {_wulff} Drys .02
[10:40] {magoo} l rimm 55
[10:40] {nemo} lunchtime already?
[10:41] {magoo} kicking it
[10:42] {magoo} .79 stop
[10:42] {Threei} stop under .85 mags?
[10:42] {magoo} [10:42] {magoo} .79 stop
[10:42] {Threei} yeah... I mean, trailing after this pullback and bottoming at .88?
[10:43] {magoo} ok
[10:43] {KSystems} PAC hl s .35 stop .43
[10:43] {Threei} or want to give it breathing room?
[10:43] {magoo} first exit .23 area..
[10:43] {magoo} second .43 area
[10:45] {magoo} c'mon RIMM ..sheesh
[10:45] {cujo} .30 cent spike in CAT
[10:45] {magoo} everythings in place here
[10:45] {Threei} Long Setup: AMZN .80 half lot
[10:45] {Threei} if stays above .60
[10:46] {Threei} .50 is more reliable support for it but requires smaller shares
[10:46] {dino} prgo stopped -.32
[10:48] {magoo} in amzn
[10:48] {elepet} i went to make breakfast and the rally returned.
[10:48] {Threei} ahha
[10:48] {Threei} we need you tyo go cook breakfast for the rally
[10:49] {dino} rinsed
[10:49] {magoo} are u sure it wasnt restroom?do not be embarrassed
[10:49] {dino} throw some bacon on for me
[10:49] {Threei} AMZN 5 cents shy of 1:1? come on
[10:52] {Threei} NQ needs to break 1200
[10:53] {Threei} not this time it seems
[10:54] {cujo} no worky
[10:54] {Threei} nope
[10:54] {Threei} sppi
[10:54] {Threei} never mind
[10:55] {Threei} gotta adjust that volume filter
[10:55] {Threei} US SEN SCHUMER: BAD BANK SOLUTION WOULD BE 'TOO COSTLY', PREFERS GUARANTEES
[10:56] {Threei} (US) OBAMA ADMINISTRATION NOTES ITS "GREAT CONCERN" OVER THE IRANIAN SATELLITE LAUNCH
[10:56] {Threei} - The French and British governments have also voiced their concern this morning over the Iranian actions.
[10:57] {Threei} wow GS
[11:03] {KSystems} KLAC sm s .57 stop .81
[11:04] {dino} sm l t .10
[11:05] {fernp} IP
[11:05] {fernp} valid jbe?
[11:05] {Threei} too narrow for my taste
[11:05] {Threei} 25 cents who day range
[11:06] {fernp} true
[11:06] {magoo} rinse-a-rama today boss
[11:06] {Threei} PALM is quietly creeping up
[11:06] {Threei} yeah mags
[11:06] {magoo} RIMM and AMZN
[11:07] {Threei} why do you think I shrink away from a call-per-minute mode
[11:07] {dino} figured you were ducking the shoes being thrown at you
[11:08] {Threei} look at AMZN
[11:08] {KSystems} KLAC stopped -.25
[11:11] {Threei} lol... third person with tax issues?
[11:11] {Threei} is anyone at the top paying them at all?
[11:11] {dino} marion berry may as well be nominated for the drug czar
[11:12] {nemo} I was living around DC when he was mayor...what a circus
[11:12] {dino} lol
[11:12] {_wulff} me too
[11:12] {nemo} the there were his conjugal prison yard visits
[11:13] {nemo} I'm Magooin' it...good luck
[11:16] {elepet} yes, palm slow but steady making new highs. now there is a stock one could love with impunity
[11:20] {nemo} didn't work...Magoo...your turn
[11:20] {Threei} CEDC... vodka is in demand today
[11:20] {KSystems} PAC stopped -.10
[11:21] {nemo} that must have been from me last night
[11:21] {dino} well we went thru some stoli on superbowl
[11:21] {dino} prgo last try sm l .50
[11:23] {magoo} double bottom GS?
[11:23] {Threei} most likely... but this is downtrending stock in uptrending market
[11:24] {Threei} mwerket pauses or reverses, it can drop hard
[11:24] {Threei} ummm... mwerket?
[11:24] {ese} signing off till later...have a great day
[11:24] {Threei} take care ese
[11:24] {dino} cya es
[11:25] {Threei} dunno mags... I'd stay away other than simply playing volatility on it
[11:25] {magoo} ty
[11:26] {Threei} look how much it drops on a merely couple market downticks
[11:26] {Threei} now... UPS is another matter
[11:26] {Threei} a lot ov volatility as well, but uptrending and consolidating under the resistance
[11:28] {magoo} .57 long UPS?
[11:28] {dino} prgo stopped again -.32, done w/it
[11:28] {Threei} gotta time it with market mags
[11:29] {Threei} looks like UPS gives little delay
[11:29] {Threei} so ideally, we would get sharp market spike and pause on UPS to grab it
[11:33] {Threei} serious wekaness in financials
[11:36] {Threei} with market revresing , starting to think, maybe let's short FAS
[11:37] {nemo} short fas/buy faz?
[11:37] {Threei} if you prefer FAZ's volatility
[11:38] {Threei} direction wise, it's the same play
[11:42] {fernp} good read with IP avoiding me go long :)
[11:43] {Threei} yeah, no life in that
[11:44] {_wulff} Hig short?
[11:44] {Threei} FAS short entry around .80
[11:44] {Threei} HIG yes, worth a try certainly
[11:44] {Threei} with stop over 15
[11:44] {Threei} FAS stop above .90
[11:45] {Threei} FAZ acordingly... long off .50
[11:46] {Threei} although with its volatility I don't even know where to place stop on it
[11:49] {Threei} don't you hate these long pauses that totally kill the feel of direction
[11:49] {Threei} no rhytm
[11:50] {Threei} we have car sales numers today
[11:50] {Threei} anyone expects them to be anything but more pain?
[11:50] {nemo} down 35% for Chrysler
[11:51] {_wulff} good day for a 3 martini lunch
[11:51] {Threei} yeah, yesterday was much more fun
[11:54] {dino} indeed wulf, indeed
[11:55] {dino} education stocks moving up
[11:56] {Threei} shorts start working
[11:56] {Threei} on HIG and FAS
[11:57] {Threei} both are at cover half point
[11:57] {_wulff} one martini in
[11:57] {dino} lol
[11:57] {Threei} FAZ up over 60 cents from .50
[11:58] {Threei} anyone did FAS or HIG?
[11:58] {Threei} or both
[11:58] {cujo} hig
[11:58] {hawkfan4} FAS
[11:58] {dino} ac/dc just came on
[11:58] {Threei} ok
[11:58] {_wulff} still hig
[11:58] {Threei} my feeling is, they have more downside
[11:58] {nemo} Don't tell me...Highway to Hell
[11:58] {dino} hells' bells
[11:58] {Threei} but if with today's jerkiness you go for a scalp, I won't be terribly offended
[11:59] {_wulff} metoo
[11:59] {cujo} already out +.10
[11:59] {cujo} sry :)
[11:59] {_wulff} stop to break enen?
[11:59] {Threei} just above
[11:59] {Threei} covered half wulff?
[12:00] {_wulff} yes
[12:01] {_wulff} Later. Work.
[12:03] {Threei} F
[12:03] {Threei} REPORTS JAN VEHICLE SALES -38.9% V -29%E (ADJ)
[12:03] {Threei} MERCEDES-BENZ REPORTS US VEHICLE SALES -35.5%
[12:06] {cujo} Vad, any thoughts on UPS bounce here?
[12:06] {Threei} no signs of that yet
[12:06] {Threei} nor did market show any signs of resuming uptrend
[12:06] {cujo} ok, thanks.
[12:07] {dino} mygn non stop
[12:15] {_mananshah} Anyone trading emini?
[12:15] {Threei} we are stocks mostly
[12:16] {Threei} comments on NQ sometimes, but mostly as a quide for stocks that follow it
[12:19] {Threei} FAS 1:2
[12:19] {Threei} feel free to cover 1/4 more
[12:21] {Threei} next leg of selling should take it to .50 - .55 where covering in full is reasonable
[12:22] {Threei} if firmly intend to ride it to the bitter end, trail stop to over .70 for the last portion after .60 breakdown
[12:23] {Threei} C
[12:23] {Threei} US TREASURY NOTES TARP FUNDING PLANS ANNOUNCED TODAY ARE A "STEP FORWARD" BUT BANK "NEEDS TO DO MORE"
[12:23] {KSystems} GDX sm s .00 stop .68
[12:23] {KSystems} GDX is long, sorry
[12:24] {KSystems} SON sm l .39 stop .18
[12:24] {KSystems} VR hl s .31 stop 47
[12:27] {Threei} .60 is broken FAS
[12:29] {KSystems} VR out half +.08
[12:39] {Threei} .70 held on FAS bounce
[12:39] {Threei} now the question is can it make new lows
[12:40] {Threei} if losing .55, most likely will dive under .50
[12:40] {Threei} if breaks .70, means double bottom is confirmed, and our trailing stop for last part is located just perfectly
[12:42] {Threei} mananshah... your e-mini plays are scalps, longer holds?
[12:43] {Threei} if scalps, NQ looks good for a 2-3 points with 1997 break
[12:43] {Threei} 1197
[12:45] {Threei} watch if FAS holding above .60 from now on
[12:45] {Threei} if so, .70 break becomes a long trigger
[12:47] {KSystems} JEC hl l .57 stop .38
[12:47] {Threei} yesss
[12:47] {Threei} OM DASCHLE WITHDRAWING FROM CONSIDERATION AS HSS SECRETARY
[12:48] {Threei} good
[12:48] {Threei} not let's sack Geithner while we are at it
[12:48] {Threei} not = now
[12:48] {nemo} never could stand that, that, (insert invective)
[12:49] {KSystems} JEC stopped -.21
[12:49] {Threei} FORD ISSUES CORRECTION: JAN TOTAL VEHICLE SALES -40.2% V -29%E (UNADJUSTED)
[12:49] {Threei} they found a few more unsold cars on the parking lot?
[12:49] {cujo} :)
[12:52] {Threei} ok, Toyota now
[12:52] {Threei} REPORTS JAN US VEHICLE SALES -32% TO 117K UNITS
[12:56] {Threei} Daschle own words came back to bite him in the rear
[12:57] {Threei} 10 years ago or so he said something to the effect:
[12:57] {Threei} tac cheats cheat us all, IRS should follow the law to the letter
[12:58] {Threei} of course the quote was immediately found and spread all over yesterday
[12:58] {Threei} cool beans FAS
[13:00] {Threei} trailing to cover to .51
[13:00] {Threei} out
[13:00] {Threei} .42
[13:00] {Threei} +.30
[13:00] {Threei} ummm
[13:00] {Threei} .78 - .42
[13:01] {Threei} .36?
[13:01] {Threei} sheesh... wake uop someone and help with math
[13:02] {hawkfan4} .36?
[13:02] {nemo} How'd your engineering company do?
[13:02] {Threei} did
[13:02] {nemo} dino dcc
[13:05] {Threei} almost hour and half play on FAS
[13:05] {Threei} fell asleep twice
[13:06] {hawkfan4} lol
[13:07] {KSystems} SON out half +.05
[13:08] {dino} lol 3i, try holding beav
[13:09] {Threei} no thanks
[13:17] {hawkfan4} COCO .21 break Vad?
[13:18] {hawkfan4} 21
[13:18] {Threei} chart looks right...
[13:18] {Threei} I just have hard time trusting breakouts today
[13:18] {elepet} long FAS still.70?
[13:18] {Threei} no way
[13:19] {hawkfan4} agree with that, thx
[13:19] {Threei} that setup had condition of holding .60
[13:19] {Threei} went under .40
[13:19] {Threei} even now it's whole 20 cents away from that trigger
[13:19] {elepet} good...that's what i thought
[13:23] {elepet} are you still short? fas
[13:23] {Threei} [13:00] {Threei} out
[13:23] {Threei} [13:00] {Threei} .42
[13:24] {Threei} not anymore
[13:24] {Threei} in all time we traded FAS I don't remember it being so slow
[13:25] {nemo} slow is relative, what's FASt today?
[13:25] {Threei} true... even GOOG is slow today
[13:26] {larisa} I looked at Earth 5 yest. it is cool toy
[13:26] {Threei} how is it different?
[13:27] {Threei} I haven't looked since priginal one
[13:27] {larisa} couple new features, but I did not touch it since 1 :) Explored my vacation spot, had fun :)
[13:27] {KSystems} GDX stopped -.33
[13:28] {larisa} :(
[13:28] {KSystems} and SON out rest b/e
[13:35] {Threei} Long Setup: STT 15
[13:35] {Threei} .15
[13:35] {Threei} if holding 23
06[13:36] * Threei pokes ARCA with sharp stick
[13:37] {Threei} wow, stubborn seller
[13:38] {KSystems} VR out rest -0.05
[13:38] {Threei} Nissan REPORTS JAN US SALES -29.7%
[13:39] {Threei} look at the volume at .15
[13:40] {Threei} you gotta be kidding
[13:41] {hawkfan4} ah
[13:41] {Threei} steamrolled finally
[13:43] {Threei} approaching 1:1, half out or scalp, your discretion
[13:43] {Threei} I'll take off half
[13:44] {Threei} and try for .40 - .45 with other half, stop to under .10
[13:44] {Threei} GM
[13:44] {Threei} REPORTS JAN VEHICLE SALES -49% V -35%E (UNADJUSTED)
[13:47] {Threei} lol, now that same guy on ARCA supports at that same price?
[13:47] {Threei} learning buttons buy and sell I assume
[13:51] {Threei} market fell off a cliff again
[13:52] {Threei} stop to .14
[13:57] {Threei} care to break that .30 STT?
[13:57] {hawkfan4} i'll even say please
[13:57] {Threei} you are THAT polite??
[13:58] {Threei} wow... I am impressed
[13:58] {hawkfan4} i don't have any 2 x 4's with rusty nails around
[13:58] {Threei} I don't know how you trade without those
[13:59] {Threei} good boy STT
[13:59] {Threei} one more spike please
[14:00] {Threei} hmmm... please works... you are right
[14:00] {hawkfan4} :) just needed a nudge
[14:00] {Threei} let's try my way now
06[14:01] * Threei kicks STT in the rear with steel toed heavy duty army boots
[14:01] {Threei} even better
[14:01] {Threei} works too and elivers joy of kicking things
[14:01] {Threei} out .40
[14:02] {KSystems} ALNY hl l .70 stop .57
[14:02] {hawkfan4} out .36
[14:03] {Threei} day is in the black, but I lack ecitement
[14:03] {Threei} excitement too
[14:04] {nemo} ehh....nevermind
[14:04] {Threei} what? I can't be bored?
[14:05] {nemo} no...I was going to make a wise-ass comment that might have crossed the line.
[14:05] {Threei} GM SALES ANALYST NOTES THAT CHINA HAS SURPASSED THE US MARKET SALES FOR THE FIRST TIME IN MONTHLY SALES
[14:05] {Threei} now, that corsses the line
[14:05] {nemo} timing is everything...quite the sychronicity
[14:06] {dino} eqix sm l .00, stop lod
[14:06] {nemo} what about the QB on FAS
[14:06] {Threei} as in quadriple bottom? :)
[14:07] {nemo} druple...yest. Everytime it stretches around .38
[14:07] {KSystems} scalped NQ 1197.25 - 1198.75
[14:07] {Threei} can't tell, not mych rhytm to these movements
[14:08] {Threei} hesitated on STT pullback into .20
[14:09] {hawkfan4} DRYS little asc triangle breaking, stop under 6
[14:09] {Threei} something brought new wave of happiness in the market
[14:10] {KSystems} LIHR out half +.09
[14:10] {Threei} larisa... +300?
[14:10] {nemo} maybe she fell asleep too
[14:11] {magoo} READ RIMM VAD?
[14:11] {Threei} it just spiked with market mags...
[14:11] {Threei} and was as out of nowhere as market's spike
[14:11] {KSystems} LIHR out 1/4 +.18
[14:12] {larisa} +45
[14:14] {Threei} Short Setup: STT .40 break half lot
[14:14] {Threei} if stays under .55
[14:17] {dino} gj larisa
[14:17] {KSystems} LIHR out rest +.11
[14:17] {larisa} :)
[14:17] {Threei} new market spike
[14:18] {cujo} so still valid?
[14:18] {Threei} so far yes
[14:19] {Threei} can't make new high while market does
[14:20] {Threei} the rest will depend on whether market reverses or continues
[14:24] {nemo} guess I shoulda' acted on that quadriple bottom
[14:26] {Threei} AMZN will never stop
[14:26] {Threei} it will just go to the moon
[14:26] {larisa} sigh
[14:26] {cujo} is that a long set up? :)
[14:27] {dino} out eqix .45, +.45
[14:28] {larisa} gj
[14:28] {Threei} well, actually... if market spikes again... 63.10 long if holding 62.90
[14:29] {Threei} or aggressively if AMZN gives little delay
[14:30] {larisa} dino, PRGO gave 2$ bounce off 22.50, but wear everybody off first
[14:31] {Threei} (CA) CANADIAN PM: "BUY AMERICAN" PROPOSAL IN STIMULUS PACKAGE VIOLATES TRADE COMMITTMENTS
[14:32] {Threei} (US) SENATE REPUBLICANS OFFER STIMULUS COUNTER PROPOSAL, INCLUDING CUTTING CORPORATE TAX BRACKET TO 25% FROM 35% TEMPORARILY
[14:32] {Threei} - Proposals also include 2009 home tax credit of $15K or 10% of purchase price and $65B in grants to states for roads & bridges.
[14:32] {Threei} - Proposal totals approx $445B
[14:32] {nemo} That's a smart move
[14:32] {dino} missed 2x on it, offmy screen
[14:33] {nemo} Comes in less than 1/2 the dem stimulus..eh..spending package and is targeted
[14:35] {Threei} half out AMZN
[14:35] {KSystems} ALNY out half +.11
[14:35] {cujo} AMZN out +.12
[14:36] {magoo} nice boss
[14:38] {Threei} out in full
[14:38] {Threei} +.45
[14:38] {magoo} u be beauty
[14:38] {Threei} see larisa... sighs are unprofitable {G}
[14:38] {Threei} me?
[14:38] {Threei} be?
[14:39] {Threei} beauty?
[14:39] {KSystems} ALNY out 1/4 +.23
[14:39] {nemo} mags, you been drinkin the doe pee?
[14:40] {Threei} I am getting tired of STT
[14:40] {magoo} wheres AMZN reload vad?
[14:40] {Threei} missed covering it when it dropped into .30
[14:40] {Threei} being busy with AMZN at the moment
[14:40] {Threei} not sure yet mags
[14:41] {Threei} market is strangely perky
[14:41] {Threei} canadian TV is all over "buy american"... so is parliament
[14:43] {KSystems} MTB sm s .56 stop .72
[14:44] {Threei} STT is stopped finally
[14:44] {Threei} torturous play
[14:44] {Threei} why do I do that to myself
[14:45] {nemo} masochistic nature
[14:46] {Threei} nope... if I were that I'd buy DRYS
[14:47] {hawkfan4} lol, can't remember when it sat in one place for so long
[14:47] {nemo} I didn't say suicidal
[14:47] {KSystems} COLM sm l .69 stop .43
[14:48] {nemo} old Chinese joke: Monk Cha sat there smacking his privates with a stone. A passerby asked why he was doing that to himself. "Because it feels so good when I stop."
[14:49] {Threei} I always thought it was old russian joke... but China is much older so must be theirs
[14:49] {nemo} You guys are on the same continent
[14:50] {nemo} Funny you should say that though. The oldest mummies in China actually have caucasian DNA
[14:50] {cujo} really? that is interesting.
[14:51] {nemo} FAS a short candidate again?
[14:51] {cujo} how did they remove the Cauc?
[14:51] {cujo} ha ha ha ha
[14:51] {nemo} don't quit your day job dog.
[14:51] {cujo} :)
[14:51] {Threei} lol
[14:51] {nemo} :)
[14:51] {Threei} don't worry cujo
[14:52] {nemo} this could degrade really quickly
[14:52] {Threei} these guys don't like my jokes either
[14:52] {Threei} but I liked yours
[14:52] {cujo} thanks
[14:52] {cujo} tough crowd
[14:52] {Threei} ummm... which actually should be a disturbing for you
[14:52] {nemo} I liked it too. My sense of humor is not very popular
[14:52] {nemo} actually wished I'd thought of it.
[14:53] {Threei} overall, my sense of humor isn't far from that of 13 years old... you know, cake in the face, fall in puddle kind of fun
[14:54] {nemo} steel toe boots seem to be in there also
[14:54] {Threei} totally
[14:54] {KSystems} ALNY out rest +.22
[14:55] {cujo} good trade KS
[14:55] {KSystems} ty
[14:55] {cujo} lets get this COLM going...
[14:55] {Threei} (US) TREASURY SEC GEITHER: US WAS "A LITTLE SLOW" IN ELEVATING POLICY RESPONSE TO CRISIS, KEEPING MISTAKES MADE BY JAPAN IN RESPONSE TO CRISIS IN MIND
[14:55] {KSystems} MTB out half +.40
[14:56] {nemo} guess I shoulda' taken that short
[14:56] {Threei} yeah... I couldn't make up my mind on that
[14:57] {Threei} it was the same market setup as 14:20 - 14:35,
[14:57] {nemo} I know this is training wheel crap but FAZ technicals were getting stronger and SPY was looking topheavy
[14:57] {Threei} and that one resolved into spike
[14:59] {Threei} huh
[14:59] {Threei} REPORTS SUBARU JAN US SALES 12,200 V 11,300 Y/Y (+8%)
[15:00] {nemo} exception that proves the rule. Subaru is the little dot in the Yin/Yang symbol
[15:00] {larisa} had 3 Subarus in my US life, good car
[15:01] {nemo} So, you're 3 subarus old?
[15:01] {larisa} stuck on the last one, yes
[15:02] {nemo} My grandmother was 29 until the day she died
[15:02] {larisa} :)
[15:02] {Threei} which model?
[15:02] {Threei} car, not nemo's grandma
[15:03] {cujo} subaru, rolls royce and mini were only 3 cars to see increase in sales last year..
[15:03] {Threei} mini is the car I don't understand at all
[15:03] {nemo} that BMW mini is neat. You can't fit in it probably
[15:03] {larisa} latest one ? impreza. small one, you will not like it
[15:03] {cujo} yeah, for folks who live in congested cities.
[15:04] {Threei} yeah, I am not a fan of small cars
[15:05] {cujo} http://www.smartusa.com/
[15:05] {cujo} you seen these?
[15:05] {larisa} lol
[15:05] {nemo} got a squirrel for an engine
[15:05] {Threei} plenty of those here
[15:06] {Threei} they looke like a toy
[15:06] {Threei} but their owenrs swear by them
[15:08] {dino} rimm sm l .20
06[15:09] * KSystems kicks COLM with something big that has sharp edges
[15:09] {cujo} heard they are dangerous.
[15:10] {Threei} smart cars?
[15:10] {cujo} y
[15:10] {Threei} they actually rate very well
[15:10] {cujo} really?
[15:10] {KSystems} COLM out half +.18
[15:10] {Threei} in crash tests, yeah
[15:10] {nemo} they're tiny so they're inherently more dangerous
[15:10] {cujo} nice one KS
[15:11] {dino} yeah, when my durango hits that, i just go over it
[15:11] {Threei} to me, real danger of them lies in good chance they will be sent flying if semi passes by with good speed, lol
[15:11] {KSystems} thanks for THAT practise Vad
[15:11] {cujo} or u lose it in sofa...
[15:11] {nemo} Don't laugh. I was with a friend in an MR2 some 20 years ago. Semi blew us right off the road
[15:12] {Threei} or, if you leave it on the stgreet overnight during snowfall, you'll find it in the spring only
[15:12] {Threei} in kicking ks?
[15:12] {KSystems} MTB out rest -.02
[15:12] {KSystems} yep
[15:13] {magoo} vad..u reading amzn into close ?
[15:14] {magoo} thinkin 64 in the cards
[15:16] {magoo} talk to me goose
[15:17] {Threei} well
[15:17] {Threei} worth a try
[15:17] {magoo} sigth
[15:18] {Threei} let it pullback into .50
[15:18] {magoo} already in .25 out ,69
[15:18] {cujo} magoo, +.30 AMZN, thanks.
[15:19] {magoo} ill reload
[15:19] {Threei} market feels like staging one more pullback, then ramp up into close
[15:20] {Threei} +160
[15:20] {Threei} can we make 140 more in the next 40 min?
[15:20] {larisa} 120 less
[15:21] {Threei} no way... we have 64 to tag on AMZN
[15:21] {larisa} market do not talk to me though, i am not that special :)
[15:23] {magoo} 64 easy
[15:24] {magoo} KICKIN
[15:25] {magoo} out .94
[15:25] {Threei} knock knock
[15:25] {larisa} nice
[15:25] {tomg} me too, ty magoo
[15:25] {Threei} out 64.02
[15:25] {Threei} what do you know... life becomes brighter and brighter
06[15:25] * magoo slaps &Threei around a bit with a large with discust cause had to BEG u to look at iyt
[15:25] {Threei} STT, FAS short and two AMZN trades made the day
[15:26] {tomg} received my material today, ty vad
[15:26] {cujo} BVO?
[15:26] {magoo} 15:14] {magoo} thinkin 64 in the cards
[15:26] {tomg} BEst VAlue offer, yes
[15:27] {Threei} cool beans tom
[15:27] {Threei} I am sure you'll enjoy it
[15:27] {tomg} i'm sure I will, looks great
[15:27] {Threei} raise your hands who didn't
[15:27] {magoo} did u read your slsap?
06[15:27] * Threei unholsters the trout
[15:27] {Threei} mags... you assume I can read
[15:28] {cujo} can't confirm, but i think you can hear Vad lighting cigarette in Scalp course. True False?
[15:28] {Threei} lol, yes, there is a Zippo click at some point
[15:28] {tomg} just opened it :)
[15:28] {cujo} ha ha ha
[15:28] {nemo} you're also pouring coffee
[15:28] {dino} out rimm .60, +.40
[15:29] {Threei} wtg dino
[15:29] {cujo} nice trade dino
[15:29] {Threei} and the moment when phone rings, right in the middle of the trade
[15:29] {Threei} I actually had to edit out two words I said when it range
[15:29] {Threei} rang
[15:30] {hawkfan4} lol
[15:30] {dino} thx
[15:30] {Threei} ruined integrity of "raw unedited material"... sigh
[15:30] {nemo} Mmmmmh...dump coming?
[15:31] {Threei} 50/50 nemo
[15:31] {Threei} can continue just as well
[15:31] {larisa} usually when i say +45 and dino/vad +300 we end up at +200
[15:31] {Threei} averaging out?
[15:31] {dino} i said to magoo at lunch, +200
[15:32] {larisa} you did not tell me, i would edit my +45 then :)
[15:32] {Threei} to what?
[15:32] {larisa} to +200 :)
[15:32] {magoo} AMZN read here??
[15:32] {Threei} lol
[15:32] {dino} 3:40 approaching
[15:33] {Threei} none mags
[15:33] {Threei} totally market dependent
06[15:33] * magoo slaps &Threei around a bit with a large scalping course
[15:33] {KSystems} DFG hl s .26 stop .42
[15:33] {Threei} sriously, I wouldn't risk AMZN here
[15:33] {Threei} action can become quite hectic on last 20 minutes
[15:34] {Threei} and AMZN will be too fast for proper risk control
[15:34] {dino} risk is our business
[15:34] {cujo} so still any chance of a setious pullback for bounce play or too close to close as well?
[15:34] {KSystems} COLM rest out -.02
[15:34] {nemo} cute Dino
[15:34] {Threei} why, we are pulling back a bit
[15:35] {nemo} back to the "dumb as I look...nobody can be that dumb" comment
[15:35] {Threei} FAS is scalp candidate on these last 20 min moves
[15:35] {Threei} just dropped 20 cents in one breath
[15:35] {dino} tech
[15:35] {KSystems} DFG out half +.11
[15:39] {KSystems} DFG out rest -.04
[15:41] {magoo} took amzn crossover here
[15:42] {Threei} watching FAS for quick dive into .70 or under
[15:42] {nemo} to .60 or .65?
[15:42] {Threei} .71
[15:42] {magoo} no work
[15:42] {Threei} stop under .65
[15:44] {KSystems} NQ sc s 1213.50 - 1211.25
[15:44] {Threei} not holding
[15:45] {nemo} no testing 60
[15:45] {Threei} BCON
[15:45] {Threei} IGNS CONTRACT WITH U.S. NAVY VALUED AT UP TO $3 MILLION
[15:46] {Threei} crap, missed reentry FAS posting BCON news, lol
[15:47] {nemo} I don't know about that, FAZ isn't doing it's typical keel over
[15:48] {nemo} hate this time of day
[15:51] {KSystems} OK i'm flat and done for the day
[15:51] {KSystems} thank you everyone
[15:51] {Threei} take care ks
[15:51] {cujo} see ya KS
[15:51] {nemo} bis nacher
[15:51] {larisa} bye :)
[15:52] {dino} cya ks
[15:56] {dino} out t .40, +.30
[15:57] {dino} tech bloody
[15:58] {Threei} non-eventful ending
[15:58] {dino} out beav .23 +.23
[15:58] {Threei} market didn't fufill neother mine or larisa expectations
[15:58] {Threei} +150 DJI
[15:59] {Threei} ok guys, nice day after all
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening
[15:59] {cujo} have a good one.
[15:59] {Threei} see you tomorrow
[15:59] {nemo} TY GN P&Q
[15:59] {larisa} see you guys
[15:59] {patience} thanks vad
[16:00] {dino} thx all
[16:00] {magoo} ty all
