Very nice day by any standard. 6 calls in the first half of the day, just one of them stopped. Then after the lunch inactive period we ended day with three quick scalps on HIG - today's hero. No complaints at all.

Session Time: Mon Feb 02 00:00:00 2009

[07:38] {Threei}  Good morning sleepless souls

[07:39] {tomg} morning :)

[07:39] {Threei}  tom :)

[07:39] {hawkfan4} good morning :)

[07:39] {Threei}  hawk :)

[07:39] {Threei}  and, foreseeing the future: nemo :)

[07:39] {nemo} harooo...yeah, up at 3:00 this morn.

[07:40] {Threei}  NQ - 19

[07:40] {Threei}  are we crashing finally

[07:41] {Threei}  whoever counted on bad bank news over weekend and kept FAS are waking up to unpleasant surprise

[07:42] {nemo} Buy and Hold...hahahahhahahahahahahahahahahahhahahahah

[07:42] {hawkfan4} yeah, not a happy start to the week for the banks so far

[07:42] {Threei}  well, they'll have their laugh

[07:42] {Threei}  at least those who time their entries better

[07:43] {Threei}  (US) PRESIDENT OBAMA: REPORTEDLY ASKED TREASURY SEC TO FORMULATE GUIDELINES ON FINANCIAL RELIEF - TV INTERVIEW

[07:43] {Threei}  - Obama pledges to review the operations of the FDA.

[07:43] {Threei}  - It is likely that banks have not fully acknowledged their total losses, believes US is suffering from a "massive hangover"

[07:44] {nemo} Guidelines: spread legs, put head between knees, kiss financial ass good bye.

[07:44] {Threei}  "Buy American" provisions are met with massive backlash from leaders all over the world

[07:45] {nemo} History repeating itself..Ghost of Smoot Hawley

[07:48] {Threei}  I think it safe to say, so far market is very skeptical about new plan

[07:53] {nemo} Feb. 2 (Bloomberg) -- President Barack Obama will require banks to boost lending to consumers and companies in return for taxpayer aid from the $700 billion bailout fund, in a departure from Bush administration policy, a key lawmaker said. 

[07:53] {nemo} That's kinda' what got us in trouble in the first place when they pushed the poor/minority lending in sub-prime

[07:54] {Threei}  I guess the major question will be, how to draw a line between responsible lending and to anyone with a pulse

[07:55] {Threei}  potential for all kinds of fraud or simple irresponsibility is enormous

[07:55] {Threei}  "but you demanded I lend, so I did"

[07:56] {nemo} Goes with the territory.  It's to be expected.  Happens with every disaster

[08:03] {hawkfan4} HIG up a buck on Barrons article

[08:05] {Threei}  - positive article on Hartford Financial Services (HIG). The stock has been battered as its mark-to-market bond prices caused unrealized gross bond losses jump from $700M in December, 2007, to $11.6B last October. These are only theoretical losses (unless the bonds are actually sold), notes Barron's, and the 'stock looks like an ultracheap bet on recovery in the bond market,' adding it could double in the next few years.

[08:05] {Threei}  "it's not a loss until you sell"?

[08:06] {hawkfan4} lol

[08:19] {Threei}  could this opening look any uglier?

[08:19] {Threei}  BALTIC DRY BULK INDEX +2.7%, 10TH STRAIGHT INCREASE

[08:20] {nemo} Well...yes...we could be limit down

[08:20] {Threei}  look at DRYS

[08:21] {nemo} Coulda' rode that short for a couple of days.  No dead cat bounce...already embalmed

[08:21] {hawkfan4} sick

[08:21] {nemo} me or the market...watch it.

[08:22] {nemo} couple of stories this morning on railroad traffic and trucking probably didn't help DRYS

[08:26] {cujo} good morning

[08:26] {Threei}  cujo :)

[08:28] {cosmo} OMEX:  # Admiral Balchin's HMS Victory Discovered by Odyssey Marine ExplorationBusiness Wire(Mon 8:00am)

[08:28] {cosmo} 1775 it sunk

[08:28] {nemo} morning Larisa :)

[08:28] {cosmo} 1744 ...sorry

[08:29] {nemo} how could you mess that up cosmo?

[08:29] {larisa} good morning nemo, cosmo, vad :)

[08:29] {Threei}  larisa :)

[08:29] {cosmo} nemo, lars, 3i:)

[08:29] {Threei}  cos :)

[08:30] {cosmo} that ship must have a lot of gold on it

[08:30] {Threei}  DEC PERSONAL INCOME: -0.2% V -0.4%E; PERSONAL SPENDING: -1.0% V -0.9%E

[08:30] {Threei}  DEC PCE CORE M/M: 0.0% V 0.0%E; PCE CORE Y/Y: 1.7% V 1.7%E; PCE DEFLATOR Y/Y: 0.6% V 1.0%E

[08:40] {Threei}  ASTM unpleasant news undermine stem cells

[08:40] {Threei}  GERN is holding more or less though

[08:42] {nemo} DRYS showing signs of bottoming

[08:44] {nemo} Gold down $20...weird...profit taking from Friday I guess

[08:46] {Threei}  PLD LOWERS DIVIDEND

[08:47] {nemo} just a surfeit of positive information this morning

[08:52] {magoo} morning

[08:52] {Threei}  magoo :)

[08:52] {nemo} magus

[08:53] {nemo} ooohhh...did I just complement mags...ouch

[08:54] {magoo} end of world {again} i see

[08:54] {nemo} I'll get the vodka...

[08:55] {Onix} Good morning all

[08:55] {Threei}  onix :)

[08:56] {dino} gm all

[08:56] {Threei}  dino :)

[08:56] {dino} :)

[08:56] {nemo} dino :)

[08:57] {dino} gm nemo

[08:58] {dino} looking bloody

[08:59] {nemo} futures might only be seeing sell orders at the moment.  Vad, what was it Bill said about pre-market futures inaccuracies a few months back?

[08:59] {Threei}  I am lucky if I remember what I said yesterday

[09:00] {nemo} Yeah, before my 2nd cup of coffee I have to check my license to remember my name.

[09:00] {KSystems} good morning!

[09:01] {Threei}  KS :)

[09:01] {nemo} Gruess Gott Herrn K

[09:06] {Threei}  FED'S FISHER: TRADE PROTECTIONISM IS THE "CRACK COCAINE" OF ECONOMICS

[09:06] {cosmo} how does he know?

[09:06] {magoo} man..can u believe drys is knocked down to here?unreal

[09:06] {Threei}  US CANNOT AFFORD THE "BUY AMERICAN" PATH

[09:06] {ese} morning

[09:07] {Threei}  showdown between Fed and Prez?

[09:07] {Threei}  ese :)

[09:07] {ese} is he saying it's good or is he saying it's bad?    ....fisher

[09:08] {Threei}  depends on a view on crack cocaine...

[09:08] {cosmo} and how much it si...

[09:08] {cosmo} is

[09:08] {Threei}  well, DRYS hit 3 on last round of selling

[09:11] {Threei}  NYMEX MAR CRUDE MOVES BELOW THE $40/BARREL LEVEL

[09:12] {Threei}  my working assumption for the day:

[09:13] {Threei}  failed bounce attempt at the open, strong selloff, sizeable bounce midday, miserable closing

[09:14] {dino} forever the optimist, huh 3i  :)

[09:14] {magoo} 3 of 4 not so pleasant

[09:14] {Threei}  lol

[09:15] {magoo} than keep eye on idea to short pop

[09:15] {Threei}  everything can change in a blink of eye if some soundbites from the top appear

[09:16] {fernp} Hello everybody

[09:16] {dino} no more sound bites. i had a chat w/govt. about this

[09:16] {dino} fern:)

[09:16] {Threei}  fern :)

[09:16] {dino} happy groundhog day btw

[09:17] {Threei}  what did the rodent say about winter?

[09:17] {dino} i don't know

[09:17] {dino} google it i gues

[09:17] {dino} guess

[09:17] {Onix} what?

[09:18] {tomg} said 6 more weeks

[09:19] {ese} ROK dino

[09:19] {Threei}  apparently it didn't watch Al Gore's movie...

[09:19] {dino} cuts view .83 vs .84 est

[09:25] {magoo} vad..is there a laser symbol for the SPY

[09:26] {Threei}  "/sp9h"

[09:26] {elepet} good morning all

[09:26] {Threei}  elepet :)

[09:27] {magoo} ty..i do not get an data..must need another feed 

[09:27] {magoo} no biggie

[09:31] {dptl} gm all

[09:31] {Threei}  dp :)

[09:32] {Threei}  DYS is looking for 5 and probably under

[09:32] {Threei}  DRYS

[09:35] {Threei}  want to try for double bottom, 5.10 break long

[09:35] {Threei}  with obvious stop under 5

[09:36] {Threei}  wow FAS

[09:37] {Threei}  DRYS touched 1:1

[09:37] {ese} L ITRI .25 sm

[09:38] {Threei}  back to 1:1, so far so good

[09:38] {Threei}  half out

[09:38] {ese} check out the bounce in ROK dino

[09:39] {ese} did not know how to read it.....too bade

[09:41] {ese} out ITri .50

[09:41] {ese} +.25

[09:41] {Threei}  :)

[09:41] {Threei}  FAS back into lows

[09:41] {ese} Dangerous.... don't know how dino lives like this

[09:43] {KSystems} he is the DangerDino(tm)

[09:43] {nemo} wow k

[09:44] {Threei}  (EU) EU'S ALMUNIA: THE BAD BANK CONCEPT WILL BE DISCUSSED AT THE UPCOMING G20 MEETING

[09:44] {ese} ROK still bouncin

[09:45] {dino} was thinking 19 area

[09:45] {Threei}  market is holding much better than I expected

[09:45] {Threei}  out balance DRYS

[09:45] {Threei}  pretty much a wash

[09:45] {cosmo} bad banks are run by banksters?

[09:46] {ese} internals lok ok vad.......tick up trin dn

[09:48] {Threei} Long Setup:  HIG  14 break if stays above 13.90

[09:49] {Threei}  1:1

[09:49] {cosmo} beav

[09:50] {Threei}  1:2 HIG, full out

[09:53] {nemo} off for Magoo technique

[09:54] {Threei}  FAS, pullback into .40 should be entry opportunity

[09:55] {Threei}  .40 crossback

[09:56] {Threei}  with stop under .30

[09:58] {Threei}  1:1, half out

[09:58] {dino} hmmm, a few i watch are turning up

[09:58] {Threei}  stop to .37 for those who holds half

[09:58] {Threei}  hold

[09:58] {nemo} back to investor?

[09:59] {dino} ed stocks holding up

[10:00] {Threei}  JAN ISM MANUFACTURING: 35.6 V 32.5E; PRICES PAID: 29 V 18E

[10:00] {Threei}  *DEC CONSTRUCTION SPENDING M/M: -1.4% V -1.2%E

[10:00] {Threei}  - prior revised from -0.6% to -1.2%

[10:01] {Threei}  out FAS in full .62

[10:01] {tomg} ty vad

[10:01] {Threei}  welcome

[10:01] {cujo} thanks

[10:01] {Threei}  :)

[10:02] {hawkfan4} thx vad

[10:02] {ese} L SGMS

[10:02] {ese} .54

[10:02] {ese} wasn't sure what the fill was there for a second

[10:02] {ese} 1/2

[10:05] {ese} stop .35

[10:05] {Threei} Long Setup:  SMH  .26 if stays above .20

[10:06] {hawkfan4} DRYS may be trying

[10:08] {magoo} out FAS .77 TY

[10:09] {magoo} in SMH

[10:09] {hawkfan4} wow, nice mags

[10:09] {Threei}  good one mags

[10:09] {magoo} your pick..ty

[10:10] {ese} nice mags ...when were you in on that one

[10:10] {magoo} vads trigger

[10:10] {magoo} just held

[10:13] {Threei}  OCC'S DUGAN: "BAD BANK" PLAN'S MAIN ISSUE IS THE DETERMINATION OF VALUE ON ASSETS - INTEVIEW COMMENTS

[10:13] {Threei}  SMH 1:1 for hard core scalpers

[10:14] {Threei}  1:2

[10:15] {Threei}  whatever you decide to do with it from here, do not lose money on it

[10:15] {tomg} out smh ty vad

[10:15] {Threei}  welcome

[10:15] {cujo} great call on SMH

[10:16] {_buyemsellem} very nice on SMH Vad thanks

[10:16] {Threei}  welcome guys

[10:16] {Threei}  we maybe a bit too careful this morning, taking profits rather quickly

[10:16] {Threei}  but with that opening we had, only reckless would act any differently

[10:16] {cujo} gunshy from last week

[10:17] {_buyemsellem} I'm stop trailing with half my SMH

[10:17] {Threei}  where is your stop now?

[10:17] {_buyemsellem} .35

[10:17] {Threei}  easy to tag on accidental downtick...

[10:18] {_buyemsellem} true

[10:18] {Threei}  my idea of trailing would be .29

[10:18] {_buyemsellem} got it

[10:19] {Threei}  see 10:14 and 10:15 candles

[10:19] {Threei}  those define new support at this point

[10:23] {Threei}  CSIQ

[10:23] {Threei}  SIGNS AGREEMENTS WITH R&D ORGANIZATIONS

[10:23] {Threei}  - signed research partnership contracts with DuPont, University of Toronto and Shanghai Jiao Tong University. The partnership with DuPont will focus on improving our solar grade cells. The research center is the only provincially accredited PV cell research center in Jiangsu Province. It is currently staffed by 20 scientists, engineers and technicians, four of whom have PhD''s.

[10:23] {Threei}  - The center will ultimately have a staff of 38. The 1500 M2 facility will cost a total of $10M, with the bulk of the expenditures paid in 2008.

[10:24] {dino} bth

[10:31] {Threei}  ok guys, so far so good,

[10:31] {Threei}  and this pullback doesn't really feels to me as another one to buy

[10:31] {Threei}  rather trend reversal

[10:32] {Threei}  not looking for longs here,and will be looking for short on bounce with double top scenario

[10:32] {Threei}  we are 3/12 for 4

[10:32] {cujo} ;)

[10:33] {Threei}  should I have been smarter and taken full profit on a first trade, would be 4 for 4

[10:33] {Onix} gj Vad, thanks

[10:34] {Threei}  but I reserve my right to be dense sometimes... it's basic human right enshrined in Constitution

[10:34] {Threei}  at least in the version I remember

[10:34] {nemo} your in Canada

[10:34] {magoo} and its DRYS too..has become a serial disappointer 

[10:34] {nemo} Doesn't that make you a British subject?

[10:35] {Threei}  I guess

[10:37] {magoo} tired..dino threw a whopper of a superbowl party

[10:37] {Threei}  FAS high is 9.10, for a double top purposes

[10:38] {magoo} HIG blast off

[10:39] {dino} sm l mcd .60

[10:41] {Threei}  FAS over 9 was pretty much a blind guess as for precise price of entry

[10:42] {Threei}  if ou went in on a general double top idea, stop is above .10, and let it trade after taking half off

[10:42] {Threei}  if not, don't chase

[10:43] {KSystems} SMN l hl .23 stopped -.35

[10:43] {Threei}  look at SMH

[10:43] {Threei}  perfect double top

[10:44] {KSystems} FAZ l sm .02 - out half +.29 - out rest .+58

[10:44] {Threei}  nice

[10:44] {KSystems} WL s hl .38

[10:44] {KSystems} PEC s hl .11

[10:44] {KSystems} EWZ s hl .21

[10:45] {KSystems} EWZ out half +.18

[10:46] {Threei}  if looking for short entry on FAS on bounce, see if we get mid .90s with stop above 9.05

[10:49] {KSystems} WL out half +.14

[10:52] {Threei}  FAS should become bounce-worthy around .60

[10:55] {cujo} Vad, any read on HIG here?

[10:56] {Threei}  it's bounce-bound, just can't tell off 14 or after breakdown

[10:56] {Threei}  quick dive under 14 would be prefect

[10:56] {cujo} ok, thought it might be a candidate here. got ya

[10:56] {cujo} will keep aneye out

[10:56] {cujo} thanks

[10:56] {Threei}  it is candidate for sure

[10:57] {nemo} that'll hurt cujo

[10:57] {cujo} :)

[10:58] {cujo} .)

[10:58] {cujo} ha ha ha ha

[10:58] {Threei}  14.10 shapes up

[10:58] {nemo} you have a corny sense of humor too

[10:58] {Threei}  as resistance to break

[10:58] {cujo} i try

[11:00] {Threei}  (CH) CHINESE PREMIER WEN: ACCEPTS RESPONSIBILITIES, YET CHINA STILL 'DEVELOPING', AWARE OF GAP WITH RICHER COUNTRIES

[11:00] {Threei}  - Notes that the country must complete its industrialization.

[11:00] {Threei}  - World financial crisis has not hit bottom yet

[11:02] {Threei}  if triggers from here, stop is obviously under 14

[11:05] {Threei}  if took aggressively, look to exit half near .10

[11:06] {KSystems} EWZ out 1/4 +.36

[11:07] {Threei}  wtg

[11:07] {KSystems} ty

[11:08] {cujo} 8.60s still valod on FAS? 

[11:08] {Threei}  most likely lower

[11:11] {Threei}  here comes da break

[11:12] {KSystems} SJT sm s .70 stop .02

[11:12] {Threei}  1:1

[11:12] {Threei}  PRESIDENT OBAMA: HOPING FOR PASSAGE OF STIMULUS BILL WITHIN 'NEXT COUPLE WEEKS''

[11:19] {ese} lllllll

[11:19] {ese} sorry bout that

[11:19] {Threei}  why, it was quite interesting

[11:19] {ese} thought i signed out again

[11:22] {Threei}  time for FAS to dive sharply

[11:25] {KSystems} SJT out half +.32

[11:26] {nemo} sjt

[11:27] {hawkfan4} gern

[11:31] {Threei}  no drop FAS, range bound instead

[11:34] {Threei}  I wish I knew how to time GERN, lol

[11:35] {magoo} i wish u new how to time goldman lol

[11:36] {magoo} hawk..u hitting GS/

[11:37] {hawkfan4} watching it, tough read today

[11:37] {magoo} yep..i havent tried it

[11:42] {KSystems} ENER hl s .57 stop .72

[11:44] {hawkfan4} in gs .82, stop .60

[11:45] {Threei} Long Setup:  RIMM  .05 half lot

[11:45] {Threei}  if stays above .90

[11:47] {Threei}  stop to .95

[11:48] {Threei}  that was actually right place originally, just gotta ccount for RIMM's natural volatility

[11:48] {nemo} figures-I grab something to eat.

[11:48] {hawkfan4} 1/2 out GS .26

[11:49] {Threei}  out

[11:49] {Threei}  .34

[11:49] {cujo} out

[11:49] {cujo} thanks Vad

[11:49] {Threei}  + .29

[11:49] {magoo} out HIG here .61 TY vad

[11:49] {Threei}  welcome

[11:49] {KSystems} SJT and WL rest out b/e

[11:50] {magoo} nice GS hawk..u da man..er,um, bird

[11:50] {hawkfan4} me too mags, out .61, nice

[11:50] {hawkfan4} lol

[11:50] {magoo} lol

[11:50] {hawkfan4} out rest gs

[11:51] {Threei}  what do you know... shapes up as a very nice day

[11:51] {_buyemsellem} indeed

[11:51] {Threei}  who would have thought, afdter that blood-soaked opening

[11:51] {magoo} seems to be some dip buyers

[11:51] {hawkfan4} yeah, 10 minutes ago i was starting to think the day was a lost cause

[11:52] {magoo} pray for magoo..but above all else...pray for the market

[11:53] {Threei}  6 calls, 5 wins, 1 breakeven

[11:53] {Threei}  can I go home?

[11:53] {cujo} NO

[11:53] {cujo} ;)

[11:53] {hawkfan4} lol

[11:53] {nemo} Arm?

06[11:53] * magoo slaps &Threei around a bit with a large roll of cash

[11:53] {nemo} shoulder?

[11:54] {_buyemsellem} you mean this isn't your home?

[11:54] {Threei}  you meanines

[11:54] {Threei}  meanies

[11:54] {cujo} tough love...

[11:54] {magoo} what? i hit u with ching ching

[11:54] {Threei}  so what... you are natural meanie

[11:55] {magoo} that does it

[11:55] {nemo} like attracts

06[11:55] * magoo slaps &Threei around a bit with a large his steel toed boots minus the steel cause we still need u when your hot

[11:56] {Threei}  okay okay... now gimme my boots back

[11:56] {dino} mygn drop

[11:58] {nemo} faz

[11:58] {nemo} nevermind

[12:01] {dino} leftover "big sandwich" for lunch

[12:01] {hawkfan4} nice

[12:02] {Threei} Long Setup:  .50  break half lotRIMM

[12:02] {hawkfan4} gern .03, stop under .90

[12:02] {dino} yeah, had a 4 footer for game, about a foot left

[12:02] {Threei}  if holding above .35

[12:03] {nemo} what stock vad?

[12:03] {Threei}  RIMM

[12:03] {magoo} in

[12:05] {Threei}  won't retreat with market

[12:05] {Threei}  if NQ breaks, RIMM should be good for more than scalp

[12:05] {KSystems} ENER out half +.15

[12:06] {dino} gj

[12:06] {KSystems} ty

[12:06] {Threei}  come on market, little help

[12:06] {hawkfan4} nice ks

[12:07] {Threei}  no worky

[12:08] {Threei}  most likely shakeout but not going to check it with my account

[12:14] {hawkfan4} GS shaping up for 82 break, cup n handle-ish on 5 minute.  needs the market of course, and needs to hold above .50

[12:23] {KSystems} PCG hl s .53 stop .68

[12:23] {KSystems} ADM s .28 stop 37

[12:23] {KSystems} .37

[12:25] {KSystems} ENER out 1/4 +.30

[12:25] {dino} sm l mygn .01

[12:26] {cujo} nice trade KS

[12:26] {Threei}  KS the money machine

[12:27] {Threei}  I have to say, market holds very impressively

[12:27] {KSystems} yeah..grrr

[12:28] {Threei}  if we manage to end this day without selloff, that would be akin to miracle

[12:28] {KSystems} i need to get rinsed first ;)

[12:28] {KSystems} ADM stopped -.09

[12:28] {cujo} great call Hawk.  

[12:29] {hawkfan4} thx cujo

[12:29] {Threei}  very nice on GS

[12:30] {Threei}  FAS starts looking like break is coming

[12:30] {KSystems} ENER rest out +.12

[12:31] {magoo} nice read HAWK

[12:31] {hawkfan4} ;}) thx

[12:31] {Threei}  if can get it closer to 9 would be perfect

[12:32] {Threei}  US TREASURY TO REPORTEDLY ANNOUNCE TERMS FOR FINANCIAL CRISIS REMEDY NEXT WEEK

[12:33] {Threei}  MS

[12:33] {Threei}  WSJ; COMPANY CONSIDERING LAYOFFS OF APPROX 3-4%

[12:34] {hawkfan4} HIG .12 break

[12:35] {hawkfan4} stop under 15

[12:37] {KSystems} PCG stopped -.19

[12:37] {KSystems} UAUA s .24 stop .32

[12:37] {Threei}  HIG is aiming for 15.40 - 15.50 at least with any market help

[12:37] {magoo} was the "one" today

[12:39] {Threei}  solidly over 1:1

[12:39] {magoo} [12:09] {Threei}  most likely shakeout but not going to check it with my account

[12:39] {Threei}  yeah... shakeout that was

[12:39] {Threei}  and here comes 15.40

[12:40] {hawkfan4} 1/2 out .41

[12:42] {Threei}  beautiful read hawk

[12:43] {hawkfan4} thx, hit the chart and it was just sitting there looking perfect.  had to type fast

[12:44] {cujo} appreciate the fast typing

[12:45] {Threei}  and here comes 15.50

[12:45] {cujo} ANything additional on FAAS Vad?

[12:45] {cujo} FAS

[12:46] {Threei}  no... need pullback

[12:46] {Threei}  HIG - and here comes "at least"

[12:46] {nemo} DRYS up

[12:46] {Threei}  I am out

[12:46] {hawkfan4} :out .51

[12:47] {Threei}  CHRYSLER ANNOUNCES NEW BUYOUT OFFER TO UAW WORKERS

[12:48] {KSystems} VLO hl s .23 stop .37

[12:52] {KSystems} CENT hl s .66 stop .77

[12:53] {Threei}  FAS, dive to or just under .10 is long

[12:55] {Threei}  if starts upticking from here, get half lot .16

[12:55] {Threei}  and add another half lot on pullback, or ride first one if no pullback comes

[12:58] {Threei}  HIG afer pullback makes that "at least"

[12:58] {Threei}  pullback was not deep anough for me to consider re-entry

[13:03] {hawkfan4} stopped gern -.14

[13:03] {Threei}  not sure about continuation here

[13:03] {Threei}  if FAS dives, intend to sell under .10 instead of adding

[13:05] {Threei}  GOOG FORMALLY INTRODUCES GOOGLE EARTH 5

[13:05] {Threei}  is it parallel universe?

[13:05] {nemo} no, you can see the flowers on the pot plants in switzerland

[13:05] {Threei}  you know... Earth 1 is the same as original earth except for one detail

[13:05] {nemo} humans

[13:05] {Threei}  Earth 2 is the same except for two details

[13:05] {Threei}  etc

[13:06] {nemo} you think trend turn in FAS?

[13:06] {Threei}  can't tell

[13:06] {Threei}  that's why want to change plan

[13:07] {Threei}  not increase my exposure

[13:07] {Threei}  and out tighte stop to half lot

[13:07] {Threei}  put

[13:07] {Threei}  it made lower high, but not lower low yet

[13:08] {Threei}  so I put stop at lower low

[13:08] {Threei}  in case of trend change signalled by lower low I am out

[13:08] {Threei}  in case of triangle forming if no lower low, I am still in but just half lot

[13:08] {Threei}  out

[13:09] {nemo} faz broke cup and handle

[13:09] {KSystems} VLO out half +.14

[13:12] {KSystems} ARB half out +.15

[13:14] {KSystems} UAUA half out +.08

[13:15] {Threei}  sigh

[13:15] {KSystems} VLO out 1/4 +.28

[13:16] {hawkfan4} geesh, nice job

[13:16] {Threei}  irritating eh?

[13:16] {KSystems} ty

[13:17] {KSystems} i was way too early though

[13:17] {nemo} easy on K guys, he punted on a couple today.  Wait till he pulls an Ofer, then stomp on him!!!

[13:17] {KSystems} built up huge short positions against mkt

[13:17] {nemo} makin'fun of my stature K

[13:18] {KSystems} what stature?

[13:18] {nemo} height

[13:19] {KSystems} omg

[13:19] {KSystems} same here

[13:19] {nemo} Die Raache ist ein Gericht kalt genossen ist...

[13:19] {nemo} heheehh

[13:19] {KSystems} how tall are ya?

[13:20] {nemo} not very, and I've reached that point in my life where my eye level drops year by year

[13:20] {cujo} same here nemo, shrinking a little bit every year

[13:20] {dino}  lol

[13:21] {nemo} FAS turn?

[13:21] {larisa} try heels ? very metrosexual :)

[13:21] {KSystems} FCL sm l .46 stop .23

[13:22] {nemo} nah!  I don't look like I'm staring at body parts when I walk down the street.

[13:22] {KSystems} UAUA out 1/4 +.16

[13:22] {nemo} ALRIGHT!  I give...pick on K

[13:24] {Threei}  one more leg down on FAS before trying for reversal

[13:24] {Threei}  should lose .80

[13:29] {KSystems} UAUA rest out +.10

[13:30] {nemo} mmmmh...DB on FAS on 1 minute chart?

[13:31] {Threei}  could be, but still feels another drop is more likely

[13:32] {Threei}  if it's a double bottom, then .92 long with .84 stop

[13:32] {Threei}  and most likely just a mini-scalp

[13:33] {Threei}  not even sure it's worth the risk

[13:33] {nemo} why mini? lunch volume

[13:33] {Threei}  more feels like lunch time boredom trade

[13:34] {nemo} Oh..I'm thinking like you :):?:(

[13:34] {Threei}  that's disturbing

[13:35] {nemo} yeah

[13:35] {nemo} mmmmhhhh...what can I make a noose out of?

[13:36] {dino} vsec sm l .48

[13:37] {nemo} vlo volume up last 20 minutes

[13:40] {KSystems} VLo out rest +.33

[13:41] {Threei}  there... FAS 1:1 if you went for that scalp

[13:49] {Threei}  lunch time aimless wandering

[13:50] {larisa} it is 2 pm, what lunch time :)

[13:50] {nemo} 2 hour 4 martini lunch time

[13:50] {Threei}  wall street takes looong lunches...

[13:51] {nemo} imagine that...only 4 drinks in two hours...sheesh

[13:52] {dino}  i can't

[13:53] {Threei}  RIMM, see that big offer at .11?

[13:53] {nemo} Hi dad

[13:54] {Threei}  long half lot if taken and if holding 56

[13:55] {Threei}  invalidated

[13:55] {Threei}  FAS under .80

[13:56] {KSystems} ARB out 1/4 +.30

[13:56] {dino} gj

[13:56] {KSystems} thanks

[13:56] {cujo} buy here under .80?

[13:56] {cujo} or just an FYI?

[13:56] {Threei}  should be a bounce soon, but not ready yet

[13:57] {Threei}  it has this way of overstretching bands before bouncing

[13:58] {Threei}  under .70 will be better

[13:59] {Threei}  or between .70 and .75

[13:59] {nemo} got the hangman at .75

[14:01] {Threei}  FED: US BANKS TIGHTENED LOAN TERMS IN COMMERCIAL REAL ESTATE

[14:01] {Threei}  US FED LOAN OFFICER SURVEY: FEWER US BANKS TIGHTENED LOAN TERMS IN Q4, STILL LARGE QUANTITY OF BANKS TIGHTENING TERMS

[14:01] {Threei}  - Household loan demand continues to fall

[14:01] {nemo} Great...after everybody is gone bankrupt.  Barn doors open pal!

[14:05] {nemo} lunch should be getting over soon

[14:07] {KSystems} HUM sm l .36 stop .98

[14:07] {KSystems} MHP hl l .61 stop .48

[14:08] {magoo} anyone take FAS?

[14:08] {Threei}  .72

[14:08] {magoo} k

[14:09] {Threei}  not counting on much

[14:09] {magoo} .88 area?

[14:09] {Threei}  even less I think

[14:09] {Threei}  who wants to see the very definition of UGLY... look GE daily

[14:09] {nemo} have downward wedge since 2:00

[14:09] {nemo} on FAS

[14:11] {dino}  out mygn .49, +.48

[14:11] {Threei}  wtg

[14:11] {dino} ty

[14:13] {magoo} any read HIG boss?

[14:14] {Threei}  well, 15 break is kind of given by the chart... market help is sooo questionable

[14:15] {Threei}  unless market spikes, I would really prefer pullback on HIG

[14:17] {Threei}  out FAS +.10

[14:18] {KSystems} MTN hl l .78 stop .63

[14:19] {Threei}  if you went for HIG, over 1:1 here

[14:20] {KSystems} ARB out rest +.21

[14:21] {nemo} Maybe K should set up his own trading room  :)

06[14:21] * Threei is happily retiring

[14:22] {nemo} The two are not linked

[14:22] {Threei}  I link it to anything even remotely connected

[14:22] {Threei}  or totally disconnected

[14:23] {Threei}  this HIG pullback looks better

[14:27] {KSystems} MTN stopped -.19

[14:30] {magoo} RIMM bounce vad?

[14:30] {Threei}  it bounced about 40 cents... you don'ty mean chasing it here

[14:30] {magoo} no..looking for new setup

[14:31] {Threei}  pullback to about .20

[14:31] {Threei}  alternatively, consolidation between .35 and .50

[14:31] {Threei}  then break

[14:31] {Threei}  not my preferrable

[14:32] {Threei}  this kind would require general market reversal to the upward, which is not what we see yet

[14:32] {KSystems} HUM half out +.38

[14:32] {dino} gj

[14:33] {KSystems} FCL stopped -.24

[14:36] {Threei}  DRYS under 5 again

[14:36] {magoo} chanserv tough

[14:36] {Threei}  what a miserable stock

[14:36] {magoo} boss cant even get in

[14:37] {Threei}  he should remember his password

[14:37] {Threei}  elepet... how does your sell on DRYS look now

[14:37] {dino} feels like thursday and friday all over again

[14:38] {Threei}  well, morning bounce was more impressive than selling... so far at least

[14:38] {Threei}  of course has enough time to correct that, lol

[14:39] {dino} vsec partial out .87, +.38

06[14:39] * Threei slaps laserdave around a bit with a large reminder to enter correct password in order to avoid both kicking and slapping

[14:40] {Threei}  (US) FED'S FISHER: THE US ECONOMY IS SUFFERING FROM FALLING CONFIDENCE, TIME FOR "FISCAL POLICY TO KICK IN" - TV INTERVIEW

[14:40] {Threei}  - Sees a slow recovery and a rough couple of quarters, expects "pretty flat" US GDP growth in 2009

[14:42] {KSystems} KBH hl l .96 stop .78

[14:47] {KSystems} ISIS l .20 stop .13

[14:48] {cujo} big sell off in CAT

[14:53] {larisa} 15 cents ?

[14:53] {larisa} or intraday you mean

[14:53] {cujo} sorry meant the selling volume

[14:53] {cujo} was looking at 1 min chart

[14:54] {cujo} 14:47

[14:54] {larisa} oh ok, thought my charts are off

[14:54] {cujo} nah, bad wording on my part

[14:56] {cujo} test

[14:56] {hawkfan4} pass

[14:56] {cujo} thanks

[14:59] {KSystems} HUM out rest +.02

[15:04] {larisa} dino, finish positive today ? :)

[15:05] {Threei}  just 90 points

[15:05] {Threei}  nothing in terms of volatility these days

[15:06] {KSystems} MHP half out +.13

[15:07] {KSystems} CHE half out +.27

[15:08] {KSystems} BLL sm l .81 stop .53

[15:09] {Threei}  TREASURY QUARTERLY FINANCING ESTIMATE (Q1 AND Q2): TO BORROW $493B THIS QUARTER V $368B PRIOR FORECAST

[15:09] {Threei}  - To borrow $165B in marketable debt in Q2

[15:09] {Threei}  sheesh

[15:10] {KSystems} ISIS out half +.08

[15:15] {KSystems} CHE out rest +.50

[15:16] {Threei}  who would have thought market wanted up on the last hour

[15:17] {Threei}  HIG .10 - 1.5 zone for bounce

[15:17] {Threei}  .10 - .15

[15:18] {dino}    mcd stop to .08\

[15:19] {Threei}  touched .15 and bounced

[15:20] {dino} out mcd .08, +.48 all dayer

[15:20] {hawkfan4} had a bid .13

[15:20] {dino} out axys remainder .06, +.58

[15:20] {cujo} i'm still out there at .15

[15:20] {hawkfan4} nice dino

[15:20] {Threei}  T BOONE PICKENS: OIL PRICE COULD INCREASE TO $60 IN 2 MONTHS, $75/BBL BY YEAR END IF US DOES NOT CUT OIL IMPORTS

[15:21] {dino} ty guys and gl on it

[15:21] {Threei}  not sure it's a good idea cujo

[15:21] {Threei}  second restest is likely to lead to lower price

[15:21] {cujo} yeah out now

[15:21] {cujo} cxld

[15:22] {Threei}  quite amazing strength in the market today

[15:23] {Threei}  mostly NASDAQ

[15:30] {KSystems} ISIS out 1/4 +.14

[15:31] {KSystems} KBH out half +.18

[15:31] {Threei}  wow HIG

[15:31] {Threei}  Dow - 35

[15:31] {Threei}  recouped almost all losses

[15:31] {nemo} look at FAS

[15:32] {KSystems} MHP out 1/4 +.23

[15:33] {KSystems} FTR out half +.08

[15:33] {dino} wtg ks

[15:33] {KSystems} ty

[15:34] {KSystems} ISIS out rest +.10

[15:34] {magoo} HIG was star of day

[15:36] {KSystems} PEC out half +.18

[15:37] {Threei}  watch for bounce off .20

[15:38] {magoo} HIG?

[15:38] {Threei}  yes

[15:38] {dino} vsec out remainder .05, +.58

[15:39] {Threei}  target closer to .40

[15:39] {cujo} nice trade dino

[15:39] {dino} ty, trades are taking hours for me lately

[15:40] {Threei}  out .39

[15:40] {cujo} great Cal Vad

[15:40] {Threei}  caught it?

[15:40] {cujo} y

[15:40] {Threei}  :)

[15:40] {cujo}  :)

[15:40] {KSystems} FTR out rest +.10

[15:41] {Threei}  -15 DJI

[15:42] {Threei}  NQ 60 points up from the premarket low

[15:43] {Threei}  qwatch HIG for the last scalp, closer to .30 - .35

[15:44] {KSystems} MHP out rest +.31

[15:45] {Threei}  feel free to dump HIG here and relax

[15:45] {Threei}  +.12

[15:46] {Threei}  if really really want one more, watch for around .25-.27, and small bunce

[15:46] {Threei}  bounce

[15:46] {Threei}  I'll skip it

[15:47] {Threei}  I've had enought of HIG for one day

[15:48] {cujo} thanks caught all 3

[15:48] {Threei}  dump it here if you went for it

[15:49] {cujo} didn't you do this on Friday as well

[15:49] {Threei}  on FAS, not on HIG

[15:49] {cujo} 3 quick calls right before the close though...

[15:49] {Threei}  yup

[15:49] {dino} cedc

[15:49] {Threei}  CONFIRMS 2008 GUIDANCE, REVISES 2009 DUE TO FX IMPACT, SLEAS $2.85-3.05, R$1.65-1.8B V $, 2009 1.25-1.4 ($1-1.03B PRIOR)

[15:49] {magoo} it was 4

[15:49] {Threei}  that's CEDC dino

[15:50] {Threei}  well, opening and close are most active times

[15:50] {Threei}  so I am most active :)

[15:50] {cujo} :)

[15:50] {KSystems} BLL out all +.08

[15:51] {dino} ty, saw it

[15:52] {KSystems} PEC out rest +.09

[15:52] {dino} vad is known as an active senior

[15:52] {dino} and ks is off his ridilin (he won't relax)

[15:52] {KSystems} KBH out rest +.25

[15:52] {KSystems} FLAT

[15:53] {Threei}  lol dino

[15:54] {Threei}  looking through personal trades, some of which are quick type I scalps which I don't usually call... 14 trades on HIG, 12 wins, 2 stops

[15:54] {cujo} nice

[15:55] {cujo} we need a conference call number so you can just scream them out

[15:55] {magoo} nice vad

[15:55] {dino} gj vad

[15:55] {Threei}  overall, pretty happy with today;s performance

[15:55] {Threei}  what did we have one or two stosp?

[15:55] {Threei}  one on RIMM

[15:55] {Threei}  anything else I forgot?

[15:56] {hawkfan4} nice day

[15:56] {_buyemsellem} great day thanks vad

[15:57] {Threei}  :)

[15:57] {KSystems} calling it a day, thank you everybody!

[15:57] {larisa} see you tomorrow :)

[15:57] {Threei}  take care KS, larisa :)

[15:57] {nemo} buh bye

[15:57] {Threei}  okay guys, thank you all

[15:58] {Threei}  have a good evening

[15:58] {cujo} see ya all tomorrow morning. 

[15:58] {Threei}  see you tomorrow

[15:58] {hawkfan4} u2 vad, thx

[15:58] {nemo} thanks for the warning

[15:58] {Threei}  which warning?

[15:59] {nemo}  {&Threei}  have a good evening

[15:59] {nemo} [15:58] {&Threei}  see you tomorrow

[15:59] {Threei}  lol

[15:59] {hawkfan4} :)

[15:59] {KSystems} lol

[15:59] {Threei}  that's not a warning

[15:59] {Threei}  that's direct threat

[15:59] {nemo} touche

[15:59] {Threei}  look at HIG profit taking

[16:00] {Threei}  (AU) AUSTRALIA GOV'T TO UNVEIL SECOND STIMULUS PACKAGE ON TUESDAY - ABC RADIO

[16:01] {Threei}  DRYS ended on a miserable note

[16:01] {hawkfan4} sad stock

[16:02] {Threei}  GERN more or less held its own

[16:02] {Threei}  this one sits and waits for news

[16:05] {magoo} ty vad..nice job

[16:05] {hawkfan4} geesh, SNDK all over the place after earnings

[16:06] {Threei}  REPORTS Q4 -$1.65 V -$0.60E, R$864M V $767ME

[16:06] {Threei}  - Avg price per megabye sold -70% y/y, -28% q/q