The day started with two strong trades - AKAM long for 30 something cents and CAT short for a full dollar. A few scalps on RIMM later on in both directions were like icing on a cake.
Session Time: Thu Feb 19 00:00:00 2009
[08:00] {KSystems} Boo
[08:03] {Threei} good morning to you too KS
[08:06] {hawkfan4} morning
[08:06] {Threei} hawk :)
[08:10] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:10] {Threei} - Expectations for initial claims are 620K v prior release of 623K (range seen from 590K to 660K)
[08:10] {Threei} - Continuing claims seen at 4.830M v prior 4.81M. (range seen from 4.800M to 4.882M)
[08:10] {Threei} PREVIEW: JAN PRODUCER PRICE INDEX AND PPI EX FOOD & ENERGY DUE AT 8:30AMET
[08:10] {Threei} Consensus expectations:
[08:10] {Threei} - Producer Price Index MoM: 0.3%e v -1.9% prior; YoY expected at -2.4% v -0.9% prior
[08:10] {Threei} - PPI ex Food & Energy MoM: 0.1%e v 0.2% prior; YoY expected at 3.8% v 4.3% prior
[08:14] {KSystems} Morning :)
[08:14] {Threei} ks :)
[08:15] {nemo} Gruess Gott
[08:15] {Threei} nemo :)
[08:16] {nemo} Nasdrovya Vad
[08:16] {nemo} Any interesting overnight news other than the Russians firing on the Chinese
[08:17] {Threei} I missed that
[08:17] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=acUuNBiKjveM
[08:20] {Threei} non-event, IMO
[08:20] {nemo} entertaining
[08:20] {larisa} good morning :)
[08:21] {Threei} larisa :)
[08:21] {nemo} larisa :)
[08:21] {larisa} threei, nemo :)
[08:26] {Threei} BALTIC DRY BULK INDEX +3.6%, 3RD STRAIGHT INCREASE FOR 4 MONTH HIGHS
[08:28] {Threei} EGLE halved in 7 sessions
[08:29] {hawkfan4} wow
[08:29] {Threei} DRYS at least had all those news with refinancing
[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 627K V 620KE;
[08:30] {Threei} CONTINUING CLAIMS: 4.987M V 4.839ME
[08:30] {Threei} JAN PRODUCER PRICE INDEX M/M: 0.8% V 0.3%E; PPI EX FOOD&ENERGY: 0.4% V 0.1%E
[08:31] {nemo} so producer inflation still high
[08:32] {cujo} good morning
[08:32] {Threei} cujo :)
[08:32] {nemo} dog :)
[08:33] {cujo} hey nemo, how things
[08:33] {Threei} GG
[08:34] {Threei} REPORTS Q4 $0.12 V $0.11E, R $609M V $626.9ME
[08:34] {Threei} - Q4 results include a non-cash foreign exchange gain on the revaluation of future income tax liabilities.
[08:48] {Threei} market shrugs off another miserable job report
[08:50] {patience} good morning RT :)
[08:50] {Threei} patience :)
[09:03] {Onix} gm all
[09:03] {Threei} onix :)
[09:06] {nemo} That PPI doesn't surprise me. Companies trying to cover fixed costs. At my weekend job, they're jacking up fishing equipment between 25-75%
[09:08] {cosmo} WFMI 11 resistance ...fwiw
[09:09] {cosmo} looks like a buy out...
[09:11] {Threei} quite a gap, PCLN
[09:13] {Threei} SAN FRANCISCO FED ECONOMIST: THIS RECESSION WILL BE THE WORST FOR JOB LOSSES IN 50 YEARS
[09:13] {magoo} morming..I GOT IN EASY:)
[09:13] {Threei} lol magoo
[09:13] {magoo} gonna be a good day
[09:14] {nemo} That SF Economist is going for your title, Vad.
[09:14] {Threei} took you what, a month to get to configure mirc? and 20 min to finally do it?
[09:15] {magoo} yeah vad..pretty good huh?
[09:15] {Threei} efficient too
[09:15] {cujo} Anyone know what happened to AAPL?
[09:16] {Threei} no news
[09:17] {hawkfan4} Wall street journal reported AAPL computer unit sales in US declined 6% yr/yr in Jan
[09:18] {dptl} good morning all
[09:18] {Threei} dp :)
[09:18] {fernp} Hello everybody
[09:18] {Threei} fern :)
[09:19] {dino} gm all
[09:19] {Threei} dino :)
[09:19] {Threei} be back in 5
[09:19] {ese} morning
[09:19] {cosmo} WFMI 11.11 ...so far
[09:20] {pita} gm all
[09:24] {Threei} ese, pita :)
[09:25] {Threei} HIG is knocking on resistance
[09:26] {ese} hmmmmm seems like the new thing....raise the price target on a stock and it goes shooting up PCLN up +10 bills
[09:26] {Threei} it reported yesterday
[09:26] {Threei} upgrdaes came in after that
[09:28] {ese} ahhh....missed it i guess
[09:34] {Threei} Long Setup: HIG .50 break if stays above .40
[09:35] {buyemsellem} did that HIG invalidate?
[09:36] {Threei} barely
[09:36] {nemo} teleport
[09:36] {Threei} a bar or two more of trading here and will be valid again
[09:37] {nemo} stick a fork in it?
[09:37] {Threei} invalidated now, bounce candidate rather than break
[09:38] {Threei} NVAX
[09:38] {Threei} REPORTS POSITIVE PRECLINICAL RESULTS FOR A NOVEL, BROADLY CROSS-PROTECTIVE H5N1 PANDEMIC INFLUENZA VIRUS-LIKE PARTICLE (VLP) VACCINE CANDIDATE
[09:38] {dino} amed stop to .51 yesterdays leftover
[09:38] {dino} pout slipped .49, +.99
[09:39] {Threei} STT, pullback into 24.20 area will be interesting
[09:39] {magoo} c'mon bulls hold
[09:39] {Threei} missed it
[09:40] {_redcat} ss orly 31.29
[09:41] {ese} L NIHD
[09:41] {Threei} AKAM
[09:41] {ese} 1/2.72
[09:41] {Threei} 18.02 long if stays above 17.85
[09:42] {dino} celg strong
[09:44] {ese} out NIHD avg .93
[09:44] {ese} +.21
[09:44] {Threei} AKAM half out
[09:44] {Threei} .19
[09:45] {Threei} stop to .95
[09:45] {Threei} offering 1/4 more .29
[09:46] {Threei} taken
[09:46] {Threei} last portion is still with stop under 18
[09:46] {cujo} great call.
[09:46] {Threei} offering .41
[09:49] {ese} dino ITRI...wha da ya make of it?
[09:49] {ese} double botom.....
[09:49] {dino} missed earns last night
[09:50] {ese} no strength to bounce probably
[09:50] {dino} like it better around lod
[09:51] {Threei} DEALERS NOTING THAT NUMEROUS SOVEREIGN CREDIT DEFAULT SWAPS CONTINUE TO HIT FRESH ALL-TIME HIGHS
[09:51] {Threei} - US 5-year CDS at 96.6 bps
[09:51] {Threei} - German 5-year CDS at 87.2
[09:51] {Threei} French, Austrian, Finnish 5-year CDS also at record levels
[09:52] {nemo} oy...look at the difference...not good
[09:52] {dino} out celg .08, +.46
[09:52] {Threei} Short Setup: CAT .64
[09:52] {Threei} if stays below .80
[09:53] {ese} Bstop WFMI .51
[09:53] {dino} rimm larisa
[09:54] {dino} amed gap fill from open
[09:54] {larisa} do not want to short it, will scalp on bounces
[09:54] {ese} filled .50 full lot
[09:54] {Threei} CAT stop .75
[09:54] {dino} ahhh yes, music to my ears
[09:55] {dino} 40.60s
[09:55] {larisa} nice
[09:55] {ese} lots of resistance at .50 wfmi
[09:56] {dino} no, waiting there
[09:56] {dino} bmrn es?
[09:57] {dino} pretty good haircut
[09:58] {ese} was looking at that to dino...whats your take
[09:58] {dino} feeling bad for bauges
[09:58] {Threei} AKAM stop to under .10 for the last 1/4
[09:58] {dino} 12.25 area sm
[09:58] {dino} no too low, 12.60s
[09:58] {ese} ok i'll give that a shot
[09:59] {Threei} cover half CAT
[10:00] {dino} itri wow, nice bounce
[10:00] {Threei} JAN LEADING INDICATORS: 0.4% V 0.1%E
[10:00] {Threei} FEB PHILADELPHIA FED INDEX: -41.3 V -25E
[10:01] {Threei} stop to b/e for the balance
[10:01] {nemo} HIG plunging
[10:01] {ese} stopped WFMI -.15
[10:01] {Threei} bid 1/4 more CAT .36
[10:02] {Threei} and trail stop to just above .60
[10:02] {dino} amed sm l .82
[10:02] {fernp} grat call Vad. ty
[10:02] {Threei} :)
[10:03] {buyemsellem} great call thanks
[10:03] {cujo} nice one.
[10:03] {Threei} welcome guys
[10:05] {Threei} .36 bid hit
[10:05] {Threei} stop for the last portion is .56
[10:05] {dino} 30 fixed at 5% and politicians say t too high, geeze i built at 9.5%
[10:06] {Threei} bidding .21 last portion
[10:07] {Threei} stop to above .50
[10:08] {Onix} ty Vad, got some in CAT
[10:08] {Threei} stop to .46
[10:08] {Threei} onix :)
[10:09] {Threei} changing last cover, want to leave 100 shares
[10:10] {Threei} direct hit on .21
[10:11] {Threei} not sure yet what I want from that last 100 shares
[10:11] {dptl} ty cat +.16 +.46
[10:11] {pita} very nice call
[10:11] {Threei} dp :)
[10:11] {Threei} stop is above .40 for those
[10:12] {pita} small sh only but ty
[10:12] {Threei} pita :)
[10:12] {larisa} i had a dream today that market opened at -800 :) may be it will close there, keep 100 shares :)
[10:13] {Threei} "I have a dream"...
[10:13] {nemo} ohoh
[10:13] {ese} missed BMRN...was watching something else...you in dino
[10:13] {dino} itri buck drop fast
[10:13] {dino} no waited at .51 no fill
[10:14] {dino} still waiting
[10:14] {Threei} stop to above .30
[10:14] {cujo} u still short Vad??
[10:15] {Threei} [10:09] {Threei} changing last cover, want to leave 100 shares
[10:15] {Threei} had 300 left, covered 200 at .21
[10:15] {cujo} ahh, i thoght the "direct hit .21" was your last lot.... got ya
[10:15] {Threei} sharp down with big volume
[10:15] {cujo} very nice play
[10:16] {Threei} stop to .16
[10:17] {dino} es thoughts itri?
[10:19] {dino} ndx negative
[10:20] {ese} just takin a look
[10:20] {ese} big double bottom
[10:21] {ese} volume not big enough for a bounce ....
[10:22] {ese} seems like it's stalled
[10:22] {dino} bmrn sm l .40
[10:23] {dino} nice range .70s-.20s itri
[10:25] {ese} seems to be hangin in the
[10:25] {ese} if any of the indexes bounce it could go
[10:26] {ese} aww what the heck L ITRI .13 small
[10:26] {larisa} vad, interested in HIG bounce and where if at all? ty
[10:28] {Threei} watching it but not sure yet
[10:28] {larisa} k
[10:29] {Threei} 8.90 is obvious setup but I don't like the stop being that wide
[10:29] {Threei} and market bounce is not convincing at all
[10:29] {nemo} if CAT get's closer to 27.80 another short set up?
[10:30] {Threei} formally yes... just much higher risk
[10:30] {nemo} ty
[10:31] {ese} stopped ITRI
[10:31] {ese} -.20
[10:31] {dino} fast fall
[10:32] {magoo} GSdidnt even sell in that mkt drop fwiw
[10:33] {magoo} any read GS HAWK?
[10:33] {ese} yup $60 trial and error
[10:34] {dino} bmrn stopped .07 -.33
[10:35] {hawkfan4} not here, if market turns then .65 break, otherwise could fill the gap to 85
[10:35] {Threei} STT
[10:35] {Threei} half lot long .56
[10:35] {Threei} just a scalp
[10:35] {nemo} too fast
[10:36] {cujo} caught .06
[10:36] {Threei} good reflexes
[10:37] {pita} stop STT?
[10:37] {nemo} .40?
[10:37] {Threei} just under
[10:38] {hawkfan4} 87 support for GS bounce mags, not in
[10:38] {Threei} it went about 10 cents from entry and was designated as a scalp
[10:39] {Threei} stop to above 28 CAT
[10:39] {hawkfan4} in .30, stop .10
[10:41] {nemo} CAT dancin' at the precipice-bear trap Vad?
[10:41] {magoo} ok hawk..not ion yet
[10:41] {Threei} I've no idea
[10:42] {Threei} at this point I just manage the trade
[10:42] {Threei} trailing stop to above last resistance
[10:42] {Threei} and letting it decide what to do
[10:42] {nemo} just wondering on umbrella principle?
[10:42] {Threei} nah, I wouldn't do it on this trade
[10:43] {nemo} too much radical action on the stock?
[10:43] {Threei} it's too far from original entry, risk rises as moves stretches
[10:44] {hawkfan4} HPQ .46, stop .35
[10:45] {hawkfan4} out GS .69
[10:45] {magoo} nice read hawk
[10:46] {dino} gj
[10:46] {hawkfan4} thx if it breaks .80 should keep going, but it's right at the 20 sma 1 minute
[10:47] {dino} bmrn rinse r roni
[10:51] {larisa} hard to read reversal, did not get it
[10:51] {dino} sm l itri .60 risky
[10:53] {Threei} OK
[10:53] {Threei} now I know what I want fro CAT
[10:53] {Threei} $1 or more
[10:53] {nemo} heheheheh
[10:53] {Threei} been a while since I get a full dollar win
[10:54] {nemo} last week?
[10:54] {Threei} if so I don't remember
[10:54] {Threei} I have multiple challenges you see... gotta fight moth-like memory span on top of everything else
[10:55] {Threei} come to me deat CAT
[10:55] {Threei} dear that was
[10:55] {nemo} Shirley you jest?
[10:56] {hawkfan4} no, i'm serious, and stop calling me Shirley
[10:56] {Threei} lol
[10:56] {nemo} I knew somebody saw the movie
[10:56] {Threei} yessssss
[10:56] {Threei} .65 hit
[10:56] {Threei} covered for +1
[10:56] {cujo} geezzzz......
[10:56] {Threei} can I go home?
[10:56] {cujo} No
[10:56] {nemo} You'll have to get a silk sling for that arm, Vad NO!
[10:56] {hawkfan4} nice one
[10:57] {Threei} come on, two trades, both more than scalp
[10:57] {Threei} never even hinted at jeopardizing stop
[11:00] {Threei} DOE CRUDE: -138K V +3ME; GASOLINE: +1.1M V -500KE; DISTILLATES: -813K V -1.5ME
[11:00] {nemo} and gas prices are still going up...go figure
[11:01] {hawkfan4} GS .55, stop .30
[11:01] {hawkfan4} small
[11:01] {hawkfan4} that was fast
[11:02] {hawkfan4} rinse cycle
[11:03] {dino} random swings again today
[11:11] {dino} apol
[11:19] {dino} .
[11:21] {dino} orly
[11:24] {dino} http://investorscoalition.blogspot.com
[11:24] {dino} trader tax pending
[11:26] {Threei} has zero chance of passing, IMO
[11:26] {hawkfan4} i hate politicians
[11:26] {cujo} ditto
[11:28] {cujo} ss HIG .99
[11:31] {dino} just a bunch of lawyers that couldn't make it
[11:32] {dino} education stocks bloody today, cpla, apol, etc
[11:33] {dino} out itri .20, +.60
[11:35] {larisa} gj
[11:39] {dino} ty
[11:40] {dino} out amed .14, +.32
[11:43] {dino} es apol?
[11:43] {dino} 6 point range
[11:46] {ese} hmmmmmmm
[11:46] {Threei} HIG is not dropping with this market drop
[11:46] {hawkfan4} was just looking at that
[11:47] {Threei} watching for 9 break with market bounce
[11:47] {cujo} y, covered my short.
[11:47] {hawkfan4} 9 break
[11:48] {Threei} BAC under 4...
[11:48] {dino} c 2.5
[11:48] {ese} long at 79 dino
[11:49] {ese} L apol sm .00
[11:49] {Threei} looking at them plus FAS... market really thinks next step will be nationalization of banks eh?
[11:50] {dino} ndx 1172 and s/p 780 lows yesterday
[11:50] {dino} 7479 dji
[11:51] {dino} ok es
[11:51] {ese} increased apol to 1/2 avg .06
[11:51] {dino} i am at 78.50 waiting
[11:52] {dino} gutsiest move i ever saw maverick
[11:53] {nemo} Permission for flyby
[11:53] {nemo} watch your coffee
[11:53] {dino} denied
[11:53] {nemo} VVVVVVVVRRRRRRRRRRRRROOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMM!!!!!!!!!!
[11:53] {dino} nice trade
[11:54] {ese} out apol .36
[11:54] {ese} +.30
[11:54] {ese} tks dino
[11:54] {dino} vz opening gap at .07, waiting for fill
[11:54] {magoo} god dam that guy{as wipe coffee off shirt}
[11:55] {dino} you've lost that luvin' feeling
[11:56] {ese} apol comin down your way dino
[11:56] {dino} fwiw waiting on apol, watching itri, bmrn again
[11:56] {dino} missing lots of entries as i'm in bear market wait for them mode
[11:57] {_redcat} out PTEN 1/2 +.09
[11:57] {hawkfan4} watching HPQ again, support .28
[11:57] {larisa} btw today is International disturbed people's day :)
[11:57] {dino} ahhh, that explains my luck
[11:57] {hawkfan4} really? then i should have the day off
[11:58] {larisa} lol
[11:58] {hawkfan4} :)
[11:58] {Threei} you ashorted it redcat?
[11:58] {_redcat} yes
[11:59] {dino} red cat brings back memories
[11:59] {dino} hhj hazlet horny juice, hazlet's winery
[11:59] {dino} ny finger lakes
[11:59] {dino} ok apol sm off of .50 risky
[12:00] {pita} GS bounce area 86.25?
[12:00] {dino} all things considered itri held at .50 this time around
[12:01] {dino} wanted lod
[12:02] {dino} certain stocks getting stronger, amed, itri, bmrn
[12:06] {dino} dji pounding yesterdays low
[12:06] {nemo} HIG dropping now
[12:06] {dino} not good according to "hammer" theory
[12:08] {dino} apol stopped -.33
[12:11] {magoo} hawk..GS read here please
[12:11] {ese} a bounce off of these index levels would be a strong double bottom...
[12:12] {hawkfan4} no read really, stop would be under 85.80
[12:13] {hawkfan4} HPQ .31, stop .19
[12:13] {dino} vz gap fill
[12:14] {_redcat} out AMZN +.70
[12:14] {Threei} nice trading
[12:14] {Threei} ese... problem is, there is slightest sign of bounce
[12:15] {_redcat} thnk u...flattens my ORLY blunder
[12:16] {ese} ya....looks like it's going to go through them
[12:18] {dino} gj red
[12:19] {Threei} ummm... there is NO sign of bounce
[12:20] {magoo} a bounce coming here
[12:21] {laserdave} magoo dcc please
[12:25] {_bobv} hi
[12:25] {Threei} hi bob
[12:29] {dino} gm bob
[12:32] {Threei} SOUTHERN CALIFORNIA HOME SALES ROSE 53% IN JANUARY - DATAQUICK
[12:32] {dino} apol monster rinse
[12:32] {hawkfan4} FAS .45, stop under .40
[12:34] {dino} shoot rimm 40s and i forgot to watch it
[12:40] {Threei} nice one on FAS
[12:41] {hawkfan4} thx, little inverse h/s on 1 min, got in a little early
[12:41] {Threei} scalping it or you want more?
[12:41] {cujo} Thanks Hawk
[12:41] {cujo} little scalp
[12:42] {hawkfan4} more i think, get that feeling like they can't break it so they'll have to buy it
[12:43] {nemo} still lunchtime...might only be able to get a scalp out of it
[12:43] {hawkfan4} true
[12:49] {Threei} who wants a few minutes of rest from watching the market,
[12:49] {Threei} http://www.cnbc.com/id/15840232?video=1039849853&play=1
[12:50] {dino} slacker
[12:51] {wulff} check out the action on RE
[12:53] {dino} bmrn approaches lod
[12:54] {cujo} Obama plan suspect at best...
[12:56] {Threei} RIMM
[12:56] {Threei} HEARING STRENGTH ATTRIBUTED TO POSITIVE COMMENTS FROM AMTECH (TIMING UNCERTAIN)
[12:57] {Threei} AAPL
[12:57] {Threei} DOWNGRADED TO SELL FROM NEUTRAL AT MF GLOBAL (TIMINIG UNCERTAIN)
[12:58] {hawkfan4} more time filler : http://www.youtube.com/watch?v=h05ZQ7WHw8Y
[12:58] {Threei} RIMM should be bouncable off .40 - .50
[12:59] {dino} itri approaches lod
[13:02] {Threei} watch market bounce for RIMM entry
[13:03] {Threei} in, stop under .40
[13:07] {magoo} vad was there news HIG?
[13:07] {Threei} nope
[13:07] {magoo} i mean..its pummeled
[13:07] {Threei} half out .63, scalpers take profit
[13:08] {magoo} whats your mkt "feel"for today vad?
[13:08] {Threei} out RIMM in full .74
[13:08] {Threei} easy money
[13:08] {Threei} anyone?
[13:08] {cujo} y
[13:08] {Threei} :)
[13:08] {cujo} .10+
[13:09] {jmb} thanks
[13:09] {cujo} thanks
[13:09] {Threei} welcome guys
[13:09] {Threei} I don't really have any today mags
[13:09] {Threei} not yet at least
[13:09] {dawg} +.14 ty sir
[13:09] {Threei} :)
[13:09] {magoo} usually..u have like feel as close up..or setting up
[13:09] {Threei} don't you love it when they are so predictable
[13:09] {magoo} ty RIMM btw
[13:10] {Threei} entry point was clear way in advance
[13:10] {dino} up into close, opt exp tomorrow, no up yet this week
[13:10] {Threei} PRU
[13:10] {Threei} FITCH CUTS RATINGS
[13:11] {Threei} PRU troubles are weighing on HIG
[13:11] {dino} buying financials is like playing russian roulette
[13:11] {Threei} (not that HIG lacks its own troubles mind you)
[13:11] {Threei} yeah
[13:12] {wulff} buy more rimm under .60?
[13:12] {Threei} but while your Prez is in Canada, they are i=unlikely to anounce anything drastic
[13:12] {Threei} so consider us a stabilizing fdactor for today :)
[13:12] {Threei} looks right wulff
[13:12] {Threei} but watch market
[13:13] {Threei} gotta have bounce in NA for RIMM to play out
[13:13] {Threei} in NQ
[13:14] {wulff} in .60 S .40
[13:15] {hawkfan4} brb
[13:15] {Threei} UBS
[13:15] {Threei} ANNOUNCES IT INTENDS TO CHALLENGE ENFORCEMENT OF THE IRS' "JOHN DOE" SUMMONS
[13:15] {Threei} - earlier today the IRS sued to bank to reveal the names of US account holders
[13:17] {Threei} I would keeop stop under .50 on this entry, wulff
[13:17] {wulff} ko
[13:17] {Threei} lower BB came into .50
[13:17] {Threei} and you are nicely over 1:1
[13:18] {wulff} muffled excitment
[13:18] {larisa} freaking HIG, 2 stops before giving me nice trade.
[13:18] {dino} itri sm l .50
[13:18] {Threei} beautiful RIMM
[13:19] {dino} gj
[13:19] {wulff} VAD i'm in UNH at .40, offer balance at .80?
[13:19] {Threei} (US) ENERGY SECRETARY CHU: DOE PLANS TO SPEND 70% OF STIMULUS FUNDING BY 2010, WILL AIM TO APPROVE SPENDING PROJECTS FROM STIMULUS BY EARLY SUMMER OF 2009
[13:20] {Threei} you already partialed?
[13:20] {wulff} .60
[13:20] {Threei} I'd move stop to .55
[13:20] {Threei} and look for spike over .80 to exit
[13:21] {wulff} ty
[13:21] {nemo} Hawk-still holding?
[13:23] {Threei} dump RIMM here and dance
[13:30] {wulff} here comes .80 in UNH
[13:31] {Threei} I'd move stop to .65
[13:31] {Threei} or .59
[13:31] {Threei} hard to tell which is better, just different degrees of conservatism
[13:33] {wulff} .61
[13:33] {wulff} good shake in RIMM
[13:35] {dino} bm,rn sm l .25
[13:36] {dino} bmrn
[13:38] {wulff} held .65
[13:40] {Threei} looking for sharp drop RIMM to grab for bounce scalp
[13:40] {Threei} probably closer to .30
[13:42] {Threei} PRU
[13:42] {Threei} REPORTEDLY LOSES ELIGIBILITY FOR A COMMERCIAL PAPER PROGRAM DUE TO FITCH DOWNGRADE
[13:43] {Threei} serious dump PRU
[13:44] {nemo} disembowlment
[13:44] {nemo} should be going for tarp any time now
[13:46] {dino} already did 1st time around
[13:46] {dino} trv, cigna, and met big ones that did not, i think
[13:46] {dino} no, cig did, chubb didn't
[13:47] {Threei} here comes RIMM selloff
[13:47] {Threei} PRU looks shovel-ready
[13:47] {dino} pru 13.10 52 week low
[13:48] {Threei} MOODY'S REVISES OUTLOOK FOR US TECH HARDWARE SECTOR TO NEGATIVE
[13:48] {dawg} RIMM scalp in .32 out .42
[13:48] {Threei} :)
[13:49] {dawg} ty Va
[13:49] {dawg} Vad
[13:49] {Threei} they are easy when you get their rtyhm eh?
[13:49] {dawg} Yessir they are
[13:50] {dino} moodys reminds me of cramer, last summer all was well according to them
[13:50] {Threei} so very true
[13:51] {dawg} ){
[13:51] {wulff} .80 Stop .68
[13:51] {dino} itri filling dec gap
[13:53] {Threei} over .80, wulff... I am done looking at it
[13:53] {Threei} good trade, congrats
[13:53] {wulff} ty
[13:54] {dino} gj
[13:55] {Threei} mags... to answer your question earlier... down
[13:56] {Threei} my eod bet is triple digits red
[13:56] {larisa} lol
[13:56] {Threei} don't lol me
[13:57] {Threei} make your bet
[13:57] {dino} triple digits green
[13:57] {larisa} my dream told me -800. so i am with you :)
[13:57] {larisa} wow dino
[13:58] {dino} more like a nightmare
[13:58] {Threei} lol, no kidding
[13:58] {Threei} what kind of dream is that
[13:59] {Threei} one must have had a quart of milk expired month ago to have it
[13:59] {Threei} with hot dog made during Prohibition
[13:59] {larisa} if you do, you will not sleep at all silly
[14:00] {Threei} could be... I don't have any personal experience {G}
06[14:00] * larisa slaps Threei around a bit with a large trout
[14:00] {Threei} FED'S LOCKHART: ODDS TOWARDS BANK NATIONALIZATIONS ARE SUBSTANTIALLY LOWER - Q&A
[14:00] {Threei} lower than when?
[14:00] {Threei} or than what
[14:02] {nemo} well I guess FAS heard that comment
[14:02] {Threei} FED'S LOCKHART: RECESSION WILL MOST LIKELY CONTINUE THROUGH THE FIRST HALF OF 2009; MODEST RECOVERY IS POSSIBLE IN SECOND HALF OF 2009, BUT ANY RECOVERY FACES NUMEROUS HEADWINDS
[14:02] {Threei} - Consumers are being helped by lower energy prices
[14:02] {Threei} - Monetary policy is still helping the US economy
[14:02] {Threei} - The big inventory pullbacks will help boost production in the future
[14:02] {Threei} - Lower mortgage rates are aiding housing, although housing is still burdened by excess inventory.
[14:02] {Threei} - Financial sector remains troubled, but there are modest signals that the sector is improving a bit.
[14:04] {Threei} FED'S LOCKHART: CHANCES FOR BANK NATIONALIZATIONS ARE SUBSTANTIALLY 'OFF THE TABLE FOR NOW' - Q&A
[14:04] {Threei} for now?
[14:04] {Threei} FAS fainted
[14:05] {dino} m2m is the "key"
[14:05] {Threei} I guess it's coming
[14:05] {Threei} they tried almost all remaining keys
[14:05] {Threei} nothing helps
[14:05] {Threei} so, m2m and bad bank are almost all left
[14:07] {nemo} It's gettin' off the mat
[14:07] {dino} brb
[14:07] {magoo} buffets down another 350 million today in afc and wfc
[14:08] {larisa} it is like $35 for us, nothing :)
[14:09] {nemo} Yeah, that's a half hour of drinks
[14:10] {Threei} 35? nothing?
[14:10] {Threei} come on... I am crying for hours if I lose %35
[14:10] {Threei} $35
[14:10] {nemo} You have issues
[14:11] {larisa} i am not, I am much stronger than you mentally
[14:11] {Threei} hmmm... people keep telling me that
[14:11] {Threei} which makes me cry more
[14:12] {nemo} ruff tuff immigrant...you've been here to long
[14:12] {Threei} no, I actually got better... before immigration my crying treshold was $15
[14:20] {hawkfan4} ok, who killed my rally while i was gone
[14:20] {nemo} It's Larisa's fault
[14:20] {Threei} we also moved your cheese
[14:21] {Threei} and poured ink into washer
[14:21] {nemo} put Gold Bond in your jock strap
[14:21] {hawkfan4} i'm more concerned about the cheese
[14:22] {nemo} Whoa! that Santili rant at the top of Drudge
[14:27] {dino} watching cpla, apol
[14:28] {Threei} wth USO
[14:31] {dino} sm apol l .60
[14:33] {Threei} CAT just slides down
[14:33] {Threei} when we shorted it first time three days ago, we could just hold it and go sleep :)
[14:33] {nemo} armchair quarterbacking?
[14:34] {Threei} yup, I am very good at that
[14:34] {nemo} how can you throw with that arm?
[14:35] {dino} idcc
[14:44] {Threei} anyone's up for serious adrenalin overload?
[14:44] {cujo} y
[14:44] {cujo} sleepy
[14:45] {nemo} of course...the rabid dog
[14:45] {Threei} PRU... .50 break short
[14:45] {Threei} one thing I promise:
[14:45] {Threei} you won't be sleepy
[14:46] {Threei} your guy and our guy give press-conference
[14:46] {nemo} huh?
[14:47] {Threei} our guy speaks french... yours is looking at him with face expression you should see
[14:47] {nemo} oh...
[14:47] {Threei} it's on CNN actually
[14:48] {larisa} and CNBC
[14:48] {nemo} I'll wake up the cats
[14:49] {Threei} switch to english already, whole USA will think Canada speaks French
[14:49] {Threei} finally
[14:49] {nemo} most of US doesn't know where canada is
[14:50] {Threei} thta could well be true... trying to place an order with one NY company once I was told "sorry, we do not ship overseas"
[14:51] {nemo} No way...pru going up?
[14:51] {nemo} Hear that...a great pleasure to be in Iowa
[14:51] {Threei} GE touched under 10
[14:52] {dino} does a day every go by w/o an obama speech?
[14:53] {Threei} kidding? it's a new economic engine
[14:53] {nemo} he'll have to buy carbon credits
[14:54] {dino} lol
[14:54] {nemo} subtle...huh?
[14:55] {Threei} not really but who am I to judge subtlety
[14:56] {nemo} that's right...though...sensitivity has never been my strong suit...ask you ex's...
[14:56] {nemo} ask my ex's
[14:57] {nemo} look @ PRU!
[14:58] {Threei} never triggered on a short side, so went up
[15:01] {magoo} vad..ill re-ask that question here
[15:02] {Threei} [13:55] {Threei} mags... to answer your question earlier... down
[15:06] {magoo} felt like we were going up there
[15:08] {dptl} have a good evening all :)
[15:08] {Threei} NQ loses 1170, market is toast
[15:08] {Threei} take care dp
[15:09] {Threei} 28.80 in Qs terms
[15:10] {magoo} ok
[15:10] {nemo} hair's breadth
[15:11] {Threei} holding by fingertips
[15:12] {nemo} FAS testing lows
[15:12] {Threei} under
[15:12] {nemo} ohoh
[15:12] {nemo} quick hide the women and children!
[15:12] {Threei} my triple red is coming
[15:12] {dino} ok, new lows
[15:13] {dino} 7449 nov low, 1018 (far away), and 741
[15:13] {nemo} How low can you go?
[15:15] {nemo} Cramer's ranting against Santili
[15:16] {hawkfan4} now i know for sure Rick was right
[15:16] {Threei} lol
[15:20] {dawg} RIMM scalp in .73 out .83
[15:20] {Threei} careful with bounces guys
[15:20] {dawg} K
[15:21] {Threei} guts say, cruel flush is coming
[15:21] {Threei} in fact, I'd see to short RIMM
[15:27] {Threei} ok... guts wrong
[15:27] {dino} ppt steps in
[15:27] {magoo} you r skerrin me
[15:27] {nemo} There's still time
[15:27] {Threei} little short RIMM
[15:28] {Threei} .24, stop above .30
[15:28] {Threei} half out .12
[15:28] {nemo} too quick for me
[15:30] {Threei} never played RIMM with 7 cents stop before
[15:32] {Threei} out 1/4 more
[15:32] {Threei} 42.01
[15:33] {Threei} FAS new low
[15:34] {Threei} market selling accelerates
[15:34] {Threei} I still may win that bet
[15:34] {nemo} [15:27] {nemo} There's still time
[15:35] {nemo} Of course Meredith Whitney is on saying banks are screwed
[15:35] {wulff} AAPL +50
[15:35] {wulff} .50
[15:36] {Threei} beautiful
[15:36] {Threei} fas
[15:36] {nemo} you scalp it?
[15:36] {Threei} ?
[15:37] {Threei} beautiful was to wulff's trade
[15:37] {wulff} Shorted scalp
[15:37] {nemo} oh
[15:37] {wulff} .70-.22
[15:37] {Threei} fas was typed in a wrong window
[15:37] {Threei} MEREDITH WHITNEY: WOULD BE A SELLER OF CITIGROUP, EVEN AT THESE LEVELS - CNBC COMMENTS
[15:37] {Threei} {C}
[15:39] {dino} who is this meredith gal?
[15:40] {dino} s/p -11% since 02/09/09
[15:40] {nemo} Bank analyst...she's been nailing it since the debacle started
[15:40] {Threei} triple red
[15:40] {Threei} HIG lower and lower
[15:40] {larisa} famous oppenheimer girl who predicted banks crisis
[15:40] {dino} ok, thx
[15:40] {_bobv} yes, triple digit red
[15:40] {Threei} FAS frikin 5
[15:41] {nemo} was 5
[15:41] {Threei} DOW JONES INDUSTRIAL BREAKS BELOW NOV 21ST INTRADAY LOWS OF 7,449.38
[15:42] {Threei} can I start those gestures, you know... drumming the chest...
[15:42] {Threei} patting the back
[15:42] {nemo} You mean you stopped?
[15:42] {nemo} When?
[15:42] {Threei} not really,
[15:42] {Threei} but I never revealed I did it
[15:42] {Threei} so now I asm trying to officiate it
[15:43] {dino} we must start to contrary trade my "gut"
[15:44] {Threei} jokes aside, I am fairly proud of how we handled this week
[15:44] {Threei} I don't believe many can say they run close to 100% these days
[15:44] {_bobv} sp futures rebound
[15:45] {buyemsellem} yes, great week
[15:45] {Threei} closed last portion RIMM
[15:45] {nemo} ppt struck...it's only Thursday
[15:45] {cujo} good week, good day
[15:45] {Threei} what PPT...
[15:45] {Threei} myth
[15:45] {nemo} whatever...bye Santa
[15:46] {Threei} wait... I have something to tell you about Easter bunny too
[15:47] {wulff} could have range traded AAPL all afternoon
[15:47] {dino} radical thought, everybody on tv says we are going to hell. contrary trade is up. could be double bottom in the making
[15:47] {dino} patience????
[15:48] {Threei} now you are talking like I did yesterday dino... remember my dilemma?
[15:48] {dino} bacon or salad?
[15:48] {dino} no, seriously
[15:48] {Threei} that one is no a dilemma
[15:49] {nemo} sob look at FAS
[15:49] {Threei} I said yesterday, I was torn on the market,
[15:49] {Threei} chart is absolutyely breakdownish
[15:49] {Threei} and NOV lows is total magnet
[15:49] {Threei} but everyine says we are going to break down
[15:49] {Threei} and it can't be just that easy
[15:50] {dino} ahhhh
[15:50] {dino} great cloudy minds think alike
[15:50] {Threei} lol
[15:50] {dino} i just have a hard time following the crowds
[15:50] {Threei} tell me about it
[15:51] {Threei} unless it's a crowd of short skirts and high heels
[15:52] {nemo} drag queens?
[15:52] {dino} indeed, no problem there
[15:52] {dino} s's over n's today unusual
[15:52] {Threei} nemo, dino said cloudy minds, not dirty
[15:53] {nemo} mushroom clouds are dirty
[15:53] {dino} no drag queens
[15:55] {wulff} see ya'll
[15:55] {Threei} okay guys
[15:55] {Threei} thank you all
[15:55] {Threei} have a good evening
[15:55] {larisa} bye
[15:55] {Threei} see you tomorrow
[15:55] {nemo} P&Q
[15:55] {dino} esi ouch
[15:56] {fernp} good evening
