Not surprisingly for the Friday after such an eventful week, this was not very active day. A few early scalps on FAS and BAC and nice $1+ win on FAZ allowed us to stay mostly inactive in the afternoon. Next week should be interesting.
Session Time: Fri Mar 20 00:00:00 2009
[08:23] {Threei} Good morning
[08:24] {nemo} Haroo
[08:24] {Threei} (EU) FRENCH PRESIDENT SARKOZY: EU HAS AGREED TO DOUBLE THE EMERGENCY FUND FOR CENTRAL AND EASTERN EUROPEAN NATIONS TO 50B
[08:24] {Threei} - Clarifies that the EU's contribution to the IMF will be 75B.
[08:24] {Threei} - Notes the EU backs the De Larosiere Report on reforming financial regulation.
[08:24] {nemo} Well, at least more countries are debasing there currencies...We'll all meet at the bottom
[08:25] {Threei} - Reminder: On 3/18, Former IMF managing director and ex-Bank of France Governor De Larosiere told the FT that he wants the EU to create bodies to coordinate oversight and form a "European Systemic Risk Council" that would be chaired by the ECB
[08:25] {Threei} I don't know if that's that straightforward
[08:26] {Threei} gold/oil bugs oversimplify situation I think
[08:26] {Threei} their line of thinking:
[08:26] {nemo} what, debasing currencies?
[08:26] {Threei} USD prints money,
[08:26] {Threei} otger countries do too,
[08:26] {Threei} so paper currencies devaluate against gold/oil
[08:27] {Threei} but this l.ogic takes us back to $200 oil
[08:27] {Threei} or $500
[08:27] {Threei} or whatever
[08:28] {Threei} so he next question is
[08:28] {Threei} can economy function with that kind of prices?
[08:28] {Threei} certainly didn't look like that just last summer
[08:28] {Threei} aand if not, oil will be knocked back down again
[08:29] {Threei} so question remains... devaluation against what?
[08:29] {Threei} plus, there is deflation camp that argues we can't have deflation until money supply exceeds debt
[08:30] {Threei} sorry, can't end deflation
[08:30] {Threei} and switch to inflation
[08:30] {Threei} and so far all those trillion here trillion there haven't even started making dent in debt
[08:31] {nemo} isn't that trillion debt?
[08:32] {Threei} UASUA
[08:32] {Threei} GUIDES Q1 RPM -13.5-14.5%, ASM -11.7% Y/Y - FILING
[08:32] {Threei} UAUA
[08:35] {Threei} http://globaleconomicanalysis.blogspot.com/2009/02/fiat-world-mathematical-model.html
[08:35] {Threei} here is the theory
[08:35] {Threei} better than my bastardized version
[08:35] {Threei} (IA) IRANIAN SUPREME LEADER ALI KHAMENEI: WORLD POWERS KNOW THEY CANNOT BLOCK IRAN'S NUCLEAR PROGRESS, MAKES NO MENTION OF PRESIDENT OBAMA'S MESSAGE
[08:35] {Threei} - Ali Khamenei's remarks come in response to President Obama's offer that the US is ready to address a full range of issues with Iran and pursue constructive ties.
[08:37] {cosmo} Barky can handel it....
[08:38] {nemo} why fas go vertical
[08:38] {Threei} don't see anything
[08:38] {Threei} unless that Iranian headline is something to prop the market
[08:39] {Threei} or
[08:39] {Threei} (EU) EU'S BARROSO: 'CONCRETE LINES' HAVE BEEN AGREED FOR UPCOMING G-20 SUMMIT
[08:39] {nemo} Mmmmhhhh....that's right G20 this weekend...why get together now unless something will come out of it
[08:41] {cosmo} to hear obama?
[08:41] {cosmo} speak?
[08:41] {nemo} oy
[08:42] {Threei} (GE) GERMAN FIN MIN STEINBRUECK: HAVE TO BE CAREFUL THAT SOME EU NATIONS DON'T FALL INTO FINANCIAL DIFFICULTY
[08:42] {Threei} god forbid someone experience financial difficulty
[08:43] {cosmo} its all so ....relative
[08:44] {Threei} BOA CHIEF ECONOMIST LEVY: SEE A LIGHT AT THE END OF THE TUNNEL FOR HOUSING;
[08:44] {Threei} HOUSING DEMAND SHOULD STABILIZE IN 2H 2009 - RADIO INTERVIEW
[08:45] {cosmo} uh oh ... that train again
[08:47] {pita} gm all
[08:47] {Threei} pita :)
[08:54] {pita} trying again to reach KS thru web browser. KS, you there?
[08:54] {Threei} not at the moment I think
[08:54] {pita} ty
[08:56] {pita} Vad, also trying to access Inteliscan. Does it populate pre-mkt? Have green bars but no data stream.
[08:56] {Threei} there is a pre-post market scan
[08:56] {Threei} hold on, I'll find the configuration
[08:59] {i2romantis} morning all :)
[08:59] {Threei} i2r :)
[09:00] {vinod} good morning
[09:00] {Threei} vinod :)
[09:00] {i2romantis} Vad, vinod :)
[09:00] {magoo} morning
[09:00] {Threei} pita, right click on the window,
[09:00] {Threei} magoo :)
[09:00] {i2romantis} mag :)
[09:00] {Threei} Configure,
[09:00] {Threei} Standard strategies,
[09:00] {Threei} scroll down to find:
[09:00] {vinod} will take a week to finish book and video and cd
[09:01] {Threei} Up big in Pre Market
[09:01] {Threei} Down Big in Pre Market
[09:01] {Threei} I had a configuration uniting them in one window but can't find it on the fly
[09:01] {Threei} maybe mags has it
[09:01] {magoo} has what?
[09:02] {Threei} pre and post market
[09:02] {magoo} on scanner?
[09:02] {Threei} yes
[09:02] {Threei} in one window
[09:02] {dino} gm all
[09:02] {Threei} dino :)
[09:05] {ese} morning
[09:05] {Threei} ese :)
[09:06] {ese} morning vad
[09:06] {Threei} mags... suspence is killing us
[09:06] {Threei} do you have that or not?
[09:07] {magoo} i have 2 seperate windows
[09:07] {Threei} ok
[09:07] {magoo} 1 pre 1 up
[09:07] {magoo} 1 pre down
[09:07] {magoo} sorry..majking my rounds
[09:10] {Threei} funny
[09:10] {Threei} now it's 4 windows actually
[09:10] {Threei} down and up separately for pre and post market
[09:11] {Threei} I used to have it all in a single window
[09:11] {pita} thanks Vad, working on configuration
[09:11] {Threei} will dig it out
[09:11] {Threei} :)
[09:14] {vint} good morning all
[09:15] {Threei} vint :)
[09:15] {magoo} yea..i have 4 windows
[09:16] {Threei} after quite an eventufl week, we have three possibilities for today
[09:16] {Threei} 1. rally resumption after yesterday's pullback
[09:17] {Threei} 2. selloff resumption after bounce, continuation of yesterday's selling
[09:17] {Threei} 3. meek day with traders not wanting to commit to anything
[09:17] {Threei} I've no slightest idea which one has better odds
[09:19] {Threei} going to take it slowly, on play by play basis
[09:20] {Threei} and stay with idea of better miss something than opush for the play that isn't there
[09:20] {Threei} we handled this week beautifully, not going to spoil it before the weekend
[09:21] {vint} Bernanke to speat at noon, not sure whether it will have any impact
[09:25] {cosmo} ERIC pre mkt high = 8.57 fwiw
[09:32] {Threei} watching RIMM for bounce if sells down to 42.40 - .50 area
[09:33] {Threei} FAS is trying to form bottom
[09:33] {Threei} if holding above .50, .60 break is long
[09:34] {magoo} BAC clubbed vad
[09:34] {magoo} read?
[09:34] {Threei} same as FAS
[09:34] {Threei} .60 break entry is .50 holding
[09:35] {Threei} FAS invalidated
[09:35] {dino} mant wide spread
[09:36] {Threei} one more leg down and should be bounce-ready
[09:36] {Threei} or .50 break with stop under .40
[09:36] {magoo} which?
[09:36] {Threei} FAS
[09:37] {Threei} Long Setup: RIMM .80 break half lot
[09:37] {Threei} grr
[09:37] {Threei} late
[09:37] {Threei} ok pulled back for entry
[09:37] {Threei} stop under .60
[09:37] {magoo} .83 in
[09:37] {vinod} in bac 6.60
[09:38] {Threei} a bit too high for BAC
[09:39] {vinod} 0ut 6.68
[09:39] {Threei} after it lost support, setuip has changed
[09:39] {Threei} same way as we changed FAS setup
[09:40] {vinod} thanks
[09:40] {dino} scanners going red
[09:40] {fernp} Hello everybody
[09:40] {Threei} fern :)
[09:41] {Threei} FAS invalidated again
[09:41] {Threei} look at BAC now vinod
[09:42] {Threei} aren't you glad you abandoned that ship
[09:42] {vinod} yes, learning and cinfuse also
[09:43] {dino} mant most likely wants gap fill
[09:43] {Threei} FAS, double bottom attempt
[09:43] {Threei} .50 break long
[09:43] {Threei} stop under .30
[09:44] {Threei} sorry, .40 break on FAS
[09:44] {magoo} in
[09:45] {vinod} in fas
[09:45] {nemo} me too
[09:46] {dino} v sm wide isrg l .00
[09:46] {Threei} Long Setup: ADBE .17
[09:46] {Threei} if stays above .10
[09:47] {Threei} FAS 1:1
[09:48] {vinod} out fas 5.57
[09:48] {nemo} stop to what on FAS?
[09:48] {magoo} out .58 fas TY
[09:49] {Threei} FAS 1:2
[09:49] {Threei} just exit
[09:49] {Threei} ADBE over 1:1
[09:49] {Threei} 1:2 actually
[09:49] {Threei} after 1:1, stop routinely trailed to under b/e
[09:51] {Threei} Long Setup: GE .60 break
[09:51] {Threei} stop under .55
[09:54] {Threei} half out .72
[09:54] {Threei} stop to .59
[09:54] {Threei} beauty of aggressive entries...
[09:54] {magoo} out .75 TY
[09:55] {Threei} if you played this double bottom regular way, you would be buying .70 break
[09:55] {Threei} double bottom confirmation
[09:55] {Threei} aggressive entry gave much tighter stop and so much more room foer profit
[09:55] {magoo} nice boss
[09:56] {nemo} FAS Vad
[09:58] {Threei} stop to .69 GE
[09:58] {Threei} 1:2
[09:58] {Threei} 1/4 more out
[09:58] {magoo} strong in that pullbk GE vad
[09:59] {Threei} yeah
[09:59] {Threei} OK FAS
[09:59] {Threei} .40 break long again
[09:59] {Threei} if holdiong .30
[10:00] {Threei} if losing it, can drop into 5 easily unless recrosses back immediately
[10:00] {magoo} RIMM animal
[10:00] {Threei} so don't be in a hurry to catch it if it loses .30
[10:02] {Threei} SEC COMMISSIONER WALTER: LOOKING INTO INSIDER TRADING AT SUBPRIME LENDERS
[10:06] {Threei} okay FAS... if you insist that we get better entries, we won't mind
[10:06] {Threei} I hear like 10 times over last days:
[10:06] {nemo} prez speaking?
[10:07] {Threei} yeah, decision to claw back bounces is questionable from legal and constitutional point of view, but considering public outrage we are willing to do it
[10:07] {magoo} mkts red
[10:07] {Threei} having soviet background, you have no idea how scary this sounds
[10:07] {Threei} enemy of the people label comes to mind
[10:08] {Threei} no law is applied
[10:08] {magoo} mccarthy hearings
[10:08] {Threei} once authorities put that label on you, you are fair game
[10:08] {Threei} for anything andf anyone
[10:08] {magoo} us communist witch hunt
[10:08] {magoo} now financial witch hunt
[10:09] {Threei} GE trade's for nowover
[10:15] {vint} vad-do you use 1 mt or 5 mt charts?
[10:15] {Threei} 1 min and daily
[10:15] {vint} thanks
[10:15] {Threei} for scalping, 5 min is too long
[10:16] {Threei} trade may be over before candle is formed, lol
[10:16] {vinod} fas stii good at 0.40?
[10:16] {nemo} AUY Vad?
[10:16] {Threei} no on FAS
[10:16] {vint} got it, i was using 5 mt
[10:16] {Threei} for that trade to become valid again, it needs to consolidate between .30 and .40 for a few minutes
[10:17] {Threei} the longer the better
[10:17] {vinod} o.k
[10:17] {Threei} AUY looks standard on intraday... .35 trigger, stop under .25
[10:17] {Threei} what bothers me is
[10:17] {nemo} the runup
[10:18] {Threei} I rarely see this stock following through on this kind of setups
[10:18] {Threei} this goes for most of gold/silver stocks btw
[10:18] {nemo} tck has same chart
[10:19] {dino} feels like yesterday
[10:19] {Threei} hmmm
[10:20] {Threei} action all but stopped
[10:20] {magoo} laser system is having issues vad
[10:20] {magoo} u up?
[10:20] {magoo} server?
[10:20] {nemo} you're in Puxatawney Phil's area, right Diino?
[10:21] {dino} ne about 200 miles
[10:21] {Threei} no mags, quotes got frozen
[10:21] {dino} delaware river
[10:21] {dptl} good morning
[10:21] {Threei} but scanner slowed down to a crawl too
[10:21] {Threei} dp :)
[10:22] {dino} you need quotes anyone?
[10:22] {magoo} try 16 vad
[10:22] {magoo} semi works
[10:22] {Threei} yeah, Level 2 OK, no T&S
[10:24] {magoo} dave says they are working on it
[10:26] {dino} nite l .74
[10:29] {wulff} have good weekend all
[10:29] {Threei} take care wqulff
[10:29] {nemo} this sucks
[10:29] {Threei} -q
[10:30] {magoo} take care wulth
[10:30] {Threei} what does?
[10:30] {magoo} wulff
[10:30] {nemo} my LII prices are frozen, got LII bids offers and no T&S
[10:30] {Threei} yeah... do you see market doing anything?
[10:31] {dino} going up
[10:31] {nemo} I realize the malfunction is currently fortuitous timing, but, like New England weather-just wait a minute.
[10:31] {dino} what do you need quote-wise
[10:32] {Threei} quotes are OK, it;'s only T&S that is off
[10:32] {dino} ok
[10:33] {nemo} Actually my last price is frozen also, must be tied to T&S
[10:33] {Threei} FAS is at .40, right?
[10:33] {nemo} approximately, yeah
[10:33] {Threei} dino?
[10:33] {Threei} .38 offer
[10:33] {Threei} .49
[10:33] {nemo} yeah I can see the bids and offers
[10:33] {Threei} .38
[10:34] {dino} 5.37
[10:34] {fernp} y
[10:34] {Threei} yup
[10:34] {dino} .38
[10:34] {dino} .39
[10:34] {Threei} ty
[10:35] {dino} np
[10:36] {Threei} UPDATE: CONGRESSIONAL BUDGET OFFICE(CBO) REPORTEDLY REVISING 2009 BUDGET DEFICIT TO $1.8T
[10:36] {Threei} from?
[10:38] {dino} zero
[10:38] {dino} lol
[10:38] {dptl} was it long that quote issues or just happend ?
[10:39] {Threei} about 20 min
[10:39] {dptl} ok ty....slept in today..:)
[10:39] {magoo} server 12 & 16 giving lev 2 and charts
[10:40] {magoo} streaming no go
[10:40] {nemo} hook up the ticker tape machine?
06[10:41] * magoo slaps nemo around a bit with a large trout
[10:42] {magoo} hmmmmmmm..slap worx fine
[10:42] {nemo} lol
06[10:43] * nemo applies ointment to fins
[10:43] {Threei} *&^$#@)&
[10:44] {Threei} http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031804104.html
[10:44] {Threei} Antarctica, here I come
[10:44] {nemo} Eh...it's just the French Revolution...relax
[10:44] {nemo} you're in Canada anyway
[10:45] {Threei} can't believe President personally would whip the country in such frenzy aimed at the WRONG PEOPLE
[10:45] {nemo} they
[10:45] {nemo} they're the new "Juden"
[10:46] {dino} lphi sm l .60
[10:49] {Threei} FED'S BULLARD: DEFLATION IS A 'REAL POSSIBILITY' ; LARGE SHOCK COULD TRIGGER A DEFLATIONARY SPIRAL AND AN IMPORTANT NEAR TERM GOAL IS TO AVOID DEFLATION
[10:49] {Threei} there you go
[10:49] {Threei} with all those trillions injected, main threat is still deflation
[10:50] {nemo} They're trying to subvert the principles of growth and decay...what a mess
[10:51] {Threei} watching PRU
[10:51] {Threei} possible short
[10:53] {patience} vad, any info on vvus, i have options, thx
[10:53] {Threei} standard setup would be .40 short with stop above .55, but I don't see breakdowns working on its intraday chart
[10:53] {patience} vvus
[10:53] {Threei} no news
[10:53] {vinod} bac at tuesday's price
[10:53] {patience} looks like a w
[10:53] {patience} but is v v
[10:53] {patience} ok, thanks, nice jump today
[10:53] {Threei} CNBC had it in its schedule for today
[10:54] {Threei} probably moved in anticipation
[10:54] {Threei} if that's all, will sell down after actual appearance
[10:54] {patience} ty, i'll dump some of my options now
[10:57] {ese} L AMTD .80
06[11:01] * Threei slaps laserdave around a bit with a large T&S window
[11:02] {nemo} they're baaaaackkkkk
[11:02] {laserdave} i have been on the phone with these guys for awhile now
[11:03] {laserdave} it should be working guys
[11:03] {Threei} it is
[11:03] {laserdave} good
[11:03] {laserdave} if anyone has issues
[11:03] {laserdave} log out
[11:03] {Threei} market is not doing anything anyway
[11:03] {nemo} Yeah looks like directedge was having a problem
[11:03] {laserdave} and re log in
[11:03] {laserdave} we have been so solid for so long
[11:03] {laserdave} a 30 minute hiccup is doable
[11:04] {nemo} it was market wide dave. IB was having some issues also
[11:04] {Threei} doable eh?
[11:04] {Threei} lol
[11:04] {laserdave} ya
[11:04] {Threei} you proved yourself dave, you can do it... now, don't it again :)
[11:04] {laserdave} was thinking of taking some trout and heading over there
[11:04] {laserdave} but i will let it slide
[11:04] {laserdave} :)
[11:06] {Threei} FAZ...
[11:06] {Threei} if breaks .50 here
[11:06] {Threei} should head for 34
[11:07] {Threei} small shares with stop under .30
[11:08] {magoo} in
[11:10] {Threei} half out +.30
[11:11] {Threei} stop to under .45
[11:11] {magoo} out .80 ty
[11:11] {Threei} welcome
[11:11] {magoo} i had 600 sh so juust cut all there
[11:12] {Threei} why not leave 200
[11:12] {magoo} because im stupid
[11:12] {Threei} oh
[11:12] {Threei} that's respectable reason
[11:12] {Threei} sorry for questioning you
[11:13] {Threei} GS
[11:13] {Threei} CFO: AIG WOULD HAVE HAD NO MATERIAL IMPACT TO GS HAD IT FAILED - CONF CALL
[11:13] {Threei} no?
[11:13] {Threei} why are we being told we couldn't let AIG fail then?
[11:13] {magoo} hey vad..we can short FAZ
[11:14] {Threei} 1/4 more oput FAZ .96
[11:14] {Threei} +.46
[11:15] {Threei} stop for the last piece is still .45
[11:15] {Threei} letting it trade
[11:15] {Threei} run forrest run
[11:16] {cosmo} i think i remeber martial law might happen if they failed....?
[11:16] {cosmo} remember
[11:16] {dino} they are talking about impact on gs
[11:17] {dino} gs may have hedged it
[11:17] {cosmo} gs would have to go to fema camps
[11:17] {cosmo} nah...
[11:19] {dino} well, when going thru hell.......
[11:19] {magoo} keep on going
[11:19] {dino} man, i have to get another magic 8 ball for days like this
[11:20] {dino} nice move online ed's
[11:21] {dino} eqix
[11:21] {Threei} FAZ stop to .90
[11:22] {Threei} probably getting too reedy but what the heck
[11:22] {Threei} most of the profit is secured
[11:22] {Threei} and even if hits trailing stop, that will be +.40
[11:22] {cosmo} that's what AIG said
[11:23] {Threei} lol
[11:24] {Threei} to take a buck or let it trade
[11:24] {Threei} that is the question
[11:24] {Threei} whatever
[11:25] {Threei} out +$1.06
06[11:26] * Threei slaps magoo around a bit with a large text of famous soviet song "coward does not play hockey"
[11:29] {Threei} everyone's asleep? (with hope in voice)
[11:30] {pita} sorry, you're still on duty....
[11:30] {Threei} noooooo....
[11:31] {Threei} I was eyeing that coach for a few hours of happy coma
[11:31] {Threei} ummm
[11:31] {Threei} make it couch
[11:32] {pita} vad, can sound be added to web browser RT connection?
[11:33] {Threei} hmmm
[11:33] {Threei} no idea
[11:33] {Threei} i doubt it
[11:34] {Threei} mirc is way more advanced in this sense
[11:37] {dino} pita, i usually just yell
[11:37] {Threei} lol
[11:37] {dino} kids tell me office language is bad
[11:37] {Threei} not exactly high tech but works flawlessly
[11:38] {dino} plus, at magoo, sometimes it is quite funny
[11:38] {dino} kicking is what cost me the $$$
[11:38] {pita} screaming today
[11:39] {dino} :)
[11:39] {nemo} looks like you're meandering market hypothesis panned out
[11:40] {dino} star
[11:40] {Threei} Dodd on TV
[11:40] {Threei} lashing out at Geithner
[11:41] {pita} trying to reconfigure screens...
[11:45] {dino} sad when ese gets banned
[11:46] {Threei} people really need to learn to type in their passwords correctly
[11:47] {ese} i'm back......just your....you know...randomly being kicked from the board......
[11:48] {Threei} lol
[11:49] {Threei} random kicking is our way to maintain fairness
[11:49] {dino} es take a look at eqix, star
[11:49] {dino} cedc too
[11:50] {Threei} US AUTO TASK FORCE'S RATTNER: GM AND CHRYSLER MAY REQUIRE ADDITIONAL AID; REITERATES WILL AIM TO COMMENT ON AID AND PROVIDE FRAMEWORK FOR AUTO FIRMS BY THE END OF MARCH
[11:50] {Threei} - Rattner asks bondholders, stakeholders to cooperate, all holders must make concessions
[11:50] {Threei} - Notes that the UAW must show its on path to cut labor costs
[11:50] {Threei} - Says that Chrysler is 'barely' making it with its standalone program
[11:51] {ese} will do dino
[11:52] {Threei} PREVIEW: FED CHAIRMAN BERNANKE SCHEDULED TO PARTICIPATE IN A PANEL DISCUSSION WITH FDIC'S BAIR AT NOON ET
[11:52] {Threei} - Bernanke will have prepared text on the topic "The Financial Crisis and Community Banking," followed by a Q&A.
[11:52] {dino} think we missed star
[11:52] {ese} ouuuuuuuuu now theres potential
[11:52] {dino} waiting at .30
[11:53] {nemo} .85 long on star Dino?
[11:53] {ese} am nursing this AMTD trade but would like in on EQI
[11:53] {ese} X
[11:53] {dino} cedc l .81
[11:54] {dino} no nemo,
[11:54] {dino} [11:52] {dino} waiting at .30
[11:55] {nemo} that's bottom fishing!
[11:55] {dino} yes
[11:55] {dino} looking for fast zip down, inefficeincies
[11:56] {dino} where'd that drop come from
[11:56] {nemo} in what"
[11:56] {nemo} ?
[11:57] {dino} dji
[11:57] {dino} 18 to flat in blink
[11:57] {nemo} Bernanke must have stepped to the podium
[12:00] {dino} eqix going to hold the lod?
[12:00] {Threei} FED'S BERNANKE: TOO BIG TO FAIL COMPANIES ARE 'COMPLACENT' ABOUT RISK; REGULATORS SHOULD MONITOR EXEC COMPENSATION
[12:01] {dino} why wouldn't they be, get paiod 10s of millions win or lose
[12:02] {dino} fat fingers typing today
[12:03] {dino} star nemo, you may be right
[12:03] {nemo} broken clock moment
[12:04] {nemo} thickening up on the bids
[12:04] {dino} l .90
[12:08] {dino} jumped the shark
[12:08] {nemo} yeah...goin
[12:08] {nemo} yeah, goin for the DB
[12:09] {nemo} it's also lunchtime
[12:09] {dino} .78 hard stop
[12:10] {dino} stopped
[12:10] {nemo} trap door dropped
[12:12] {dino} rinsed
[12:12] {nemo} SOB
[12:12] {ese} out AMTD .94 +.14 on a lot and a 1/2
[12:13] {ese} works for me
[12:15] {magoo} vad..we in anything{multi tasking}
[12:15] {nemo} What's Bernanke saying
[12:15] {Threei} in coma
[12:15] {nemo} got a hematoma?
[12:15] {Threei} - TALF if successful should lower consumer, mortgage, and business costs
[12:15] {Threei} - Too big to fail companies are 'complacent' about risk; regulators should monitor exec compensation; may need to modify capital and accounting rules.
[12:15] {nemo} "if successful"
[12:19] {dino} eqix sm l .24
[12:20] {dino} star we were one drop too soon
[12:21] {ese} bstop STAR .10
[12:21] {ese} full lot
[12:22] {ese} L
[12:23] {ese} stop .00
[12:24] {ese} out .16 +.06
[12:25] {ese} didn't like the look of QQQQ
[12:25] {ese} ah well what can you do
[12:26] {Threei} CALIFORNIA FEB UNEMPLOYMENT: 10.5% V 10.1% PRIOR
[12:26] {Threei} RUSSIAN ANNOUNCEMENT SHOULD NOT AFFECT TSN'S EXPORT SALES
[12:26] {Threei} - Note that earlier today the USDA reported that Russia has banned US poultry imports.{RSX}
[12:28] {dino} gj
[12:37] {Threei} amusingly inactive market today
[12:37] {dino} yeah like yesterday goes down, then 30 pt range foir hours
[12:38] {dino} kind of market that may lead me to drink
[12:38] {nemo} so, what makes this market different from any other
[12:38] {patience} most profitable week of the year for me though dino, i'll drink to that
[12:39] {dino} me too patience, and last week i said same
[12:39] {dino} nemo, fast markets no time to think about the drink, lol
[12:39] {nemo} no, you have hydration pack on your back
[12:40] {ese} trading currencies patience
[12:40] {patience} currency etfs
[12:40] {dino} short greenback?
[12:40] {Threei} who said what where?
[12:40] {patience} i'm expecting cdn dollar to strengthen
[12:40] {patience} yup
[12:40] {dino} nice
[12:40] {dino} ever play udn?
[12:41] {patience} nope
[12:41] {dino} 2x short $
[12:41] {nemo} double top on BAC?
[12:41] {patience} will look at it, thanks dino
[12:42] {dino} uup 2x long, and no problem (wearing my jamaica shirt)
[12:43] {patience} i'm expecting down markets monday, tuesday, will go shopping :)
[12:45] {dino} no idea, but will wait until 10ish for 1st trades
[12:51] {dino} uthr sm l .25
[12:52] {dino} forgot had it out there
[12:52] {dino} nite stopped -.05
[12:52] {pita} gotta go TC all
[12:52] {dino} cya
[12:57] {Threei} take care pita
[12:57] {Threei} anyone sees anything to warrant the selling?
[12:58] {nemo} Been a good week and the G20 meeting this weekend?
[12:59] {Threei} I mean siome kind of real time news
[12:59] {Threei} well, other than prez on tv
[12:59] {nemo} none that I see
[12:59] {Threei} which is not really news anymore by any stretch of imagination
[12:59] {patience} when does expiration activity finish today
[12:59] {nemo} like big brother on the telly in 1984
[13:02] {dino} dk
[13:24] {Threei} watching with interest now
[13:24] {Threei} FAS dive under 5 would be something to make me come out of coma
[13:24] {nemo} how do you type while in a coma?
[13:24] {Threei} many years of practice
[13:33] {dino} nite l .61
[13:42] {dino} nite stopped -.05
[13:45] {Threei} while we are waiting for omething to start happening,
[13:45] {Threei} how's that for an irony
[13:45] {fernp} go ahead
[13:45] {Threei} West Vancouver woman, judging by last name of german origin
[13:46] {Threei} in aftermath of 9/11 attack converted to Islam,
[13:46] {Threei} opened pro-islamic pro-terrorist website
[13:46] {Threei} at some poin of her venture fiund herself in Afghanistan
[13:46] {Threei} got kidnapped by Taliban
[13:47] {nemo} now living like a real muslim woman
[13:47] {Threei} ransom demand is 2 mil,
[13:47] {Threei} threatened to be beheaded at the end of March
[13:47] {Threei} careful for what you wish for, eh?
[13:48] {nemo} did FAZ just duplicate you're earlier call?
[13:49] {Threei} kind of, yeah
[13:54] {Threei} ok, looks like final leg of selling is shaping up
[13:57] {dino} star .89 l
[13:59] {Threei} if FAS never loses 5 and breaks 5.10 instead, will probably be a trend reversal signal
[14:01] {Threei} COLOMBIA CUTS INTEREST RATES 100BPS TO 7% FROM 8%
[14:01] {Threei} in case ou are interested
[14:01] {dino} thats a cut
[14:02] {nemo} so coke financing costs should go down
[14:02] {vinod} they get their financing from columbia
[14:03] {nemo} to quote dino, "tough crowd"
[14:03] {vinod} you taking about white power?
[14:04] {dino} lol
[14:04] {nemo} yes vinod
[14:05] {nemo} actually "powder" It's not politically correct to talk about white "power"
[14:05] {Threei} 5 is lost
[14:05] {Threei} all is lost... what to do, what to do...
[14:05] {nemo} Watch the TV show, the brunette is hot
[14:05] {vinod} it's boaring so, i have to write something--nemo
[14:06] {cosmo} when in trouble; when in doubt; run in circles; scream and short
[14:06] {cosmo} shout
06[14:06] * nemo slaps vinod around a bit with a large trout
[14:06] {nemo} not criticizing making conversation like you....ahhhh
[14:07] {vinod} faz is hot
[14:07] {nemo} Weren't we talking about how it was going to zero?
[14:07] {Threei} I don't know about FAZ... this kind of support breaks as FAS just did ususlly lead to sharp selling
[14:07] {Threei} it's holding right there
[14:07] {Threei} could be sharp bounce brewing
[14:08] {Threei} well nemo, first it was going to go to 200
[14:08] {Threei} then to zero
[14:08] {Threei} somehow neither happened
[14:08] {nemo} Well the end of the USA is coming and then the world
[14:08] {Threei} oh
[14:09] {nemo} read it today
[14:09] {Threei} okay then
[14:09] {nemo} you retiring?
[14:09] {Threei} I don't care as I decided to move to Antarctica anyway
[14:09] {nemo} Vad and his trusty pet penguin
[14:09] {Threei} or if it comes next week, I'll simply remain in the Bahamas
[14:09] {vinod} i wants 200 point down day so we can do good on monday
[14:09] {nemo} you can do well 200 points down...just short
[14:10] {nemo} they let you at Fidelity?
[14:10] {vinod} yes. but i do not have ball to do it
[14:11] {Threei} BAC not making new low with FAS
[14:11] {nemo} noticed that
[14:11] {nemo} vinod, no different from going long...
[14:12] {Threei} yeah... just different lorder of actions
[14:12] {Threei} sell first, buy later
[14:12] {nemo} formations are the same, just reversed
[14:12] {Threei} would like to see one more pullback on BAC and try to eneter closer to 6
[14:12] {nemo} C&H upright for breakout up, C&H upside down for breakdown
[14:13] {vinod} honestly i have never shorted
[14:13] {dino} star stop to .03\
[14:13] {nemo} Yeah Vad...I have to remember that order, hurts when you sell, and then sell
[14:13] {dino} to .05
[14:14] {nemo} what size lot dino
[14:14] {Threei} ugh, no pullback
[14:14] {dino} to .08
[14:14] {dino} fl
[14:14] {Threei} comeon, drop to 6.05 at least
[14:15] {dino} out star .08, +.19
[14:17] {Threei} one more downturn should happen here
[14:18] {dino} how about there
[14:18] {Threei} okay FAS
[14:18] {Threei} closer to 5 please
[14:24] {Threei} so narrow, I can't pick up entry
[14:24] {Threei} and dive under 5, even though that was what I wanted to see, haven't given much indication for entry,
[14:24] {Threei} pace was pretty much flat
[14:24] {dino} cnqr blood
[14:25] {Threei} oh my
[14:25] {Threei} look who opened his mouth
[14:25] {Threei} FORMER FED CHAIRMAN GREENSPAN: OFFICIALS CAN NOT DIFFUSE BUBBLES BEFORE THEY POP
[14:25] {nemo} prez?
[14:25] {nemo} worse
[14:25] {Threei} no, really?
[14:26] {Threei} gotta let bubble play out?
[14:26] {nemo} He has to be Woody Allen's twin
[14:26] {Threei} PREDICTING FINANCIAL CRISES IS BEYOND THE ABILITY OF MONETARY OFFICIALS TO FORECAST;
[14:26] {Threei} eeck
[14:26] {nemo} What BS
[14:26] {Threei} I can list quite a few people who predicted this crisis to the letter
[14:27] {Threei} is this senility taking over? or ill conscience?
[14:27] {nemo} Dodd syndrome
[14:27] {dino} ese, cnqr?
[14:27] {dino} sm l .50
[14:34] {Threei} great... just when FAS fiannly touched 5 and bounced, I was away from computer
[14:34] {Threei} what an irony, to wait hours for this setup and miss it
[14:34] {Threei} anyone got it?
[14:35] {nemo} was waiting for you to call it
[14:35] {Threei} JAVA
[14:35] {Threei} WSJ: SOURCES EXPECT IBM TO PROCEED WITH OFFER FOR COMPAN
[14:35] {Threei} {IBM}
[14:35] {nemo} JAVA?
[14:36] {Threei} ?
[14:36] {Threei} DUE DILIGENCE IS DELAYING DEAL
[14:36] {nemo} duh? nevermind
[14:36] {Threei} I don't understand what the question is
[14:36] {Threei} [14:35] {nemo} JAVA?
[14:37] {nemo} nemo's reply: {nemo} duh? nevermind
[14:37] {dino} cnqr stopped
[14:37] {nemo} I pulled a Homer Simpson
[14:40] {dino} last try cnqr .00
[14:46] {Threei} FDIC: REVISES Q4 NET LOSS FORECASTS FOR BANKS TO $32.1B FROM $26.2B PRIOR EXPECTATION
[14:46] {nemo} pocket change
[14:49] {Threei} WHITE HOUSE PRESS SEC: US TREASURY SEC GEITHER HAS IS SUPPORT WITH FULL CONFIDENCE
[14:50] {nemo} until he doesn't
[14:50] {nemo} I can hear it now, "It was time to make a change. We'd like to thank Tim for his outstanding service to his country..."
[14:50] {dino} last try nite .49 l
[14:51] {Threei} HEARING DEFENDED AT WILLIAM BLAIR (TIMING UNCERTAIN)
[14:51] {Threei} - CNQR is weaker today on unconfirmed chatter that the CEO may have lied about his educational background.
[14:52] {dino} don't they all lie
[14:55] {vinod} Stocks Break to the Downside After Barney Frank Doubts Fed as Regulator
[14:55] {Threei} wasn't he the one to introduce bill with broadening Fed's regulatory powqers
[14:57] {dino} out cnqr .60, +.60
[14:57] {Threei} wtg
[14:57] {dino} ty
[14:57] {dino} pulp one
[14:58] {Threei} my feel is, we are done with downside for the day
[14:59] {dino} my feel is, tough day
[15:01] {Threei} CNQR
[15:01] {Threei} CONFIRMS CEO DOES NOT HAVE UNIVERSITY DEGREE
[15:01] {Threei} oh horror
[15:01] {dino} c'mon, pappa needs some new shoes (baseball season you know)
[15:02] {nemo} Colonel Kurz again?
[15:02] {dino} bill gates didn't have one either
[15:04] {Threei} FED'S TALF PROGRAM REPORTEDLY RECEIVE 19 APPLICATIONS FROM VARIOUS FUND MANAGERS - UNCONFIRMED REPORT
[15:04] {dino} good
[15:04] {fernp} have a nice weekend everybody. see you on monday
[15:05] {Threei} take care fern, have a great one
[15:05] {dino} cya
[15:07] {Threei} Long Setup: RIMM .75 if stays above .65
[15:10] {dino} dbtk
[15:11] {magoo} in .71 agreess
[15:14] {vinod} no rimm
[15:14] {magoo} no work
[15:15] {dino} ughhhhhh cnqr
[15:15] {Threei} yeah
[15:15] {Threei} I guess people realize how immaterial it is
[15:16] {Threei} - CNQR Spokesperson notes the company halted reference to degree in filings in 2007; Singh attended the school from 1979 to 1983
[15:16] {Threei} who cares?
[15:18] {dino} i do at 18
[15:18] {nemo} you got married at 18?
[15:19] {dino} ?, 30
[15:20] {nemo} [15:18] {dino} i do at 18 {{{thought it was shorthand
[15:20] {nemo} tough crowd
[15:20] {dino} ahhh, my mind is cloudy, too much today
[15:20] {Threei} no, we just don'y see the connection between doing it and marriage
[15:21] {nemo} yeah, my corpus collusum doesn't connect well with my cerebellum.
[15:21] {nemo} Larisa back next week?
[15:21] {dino} ahhh, doing it should be connected w/marriage
[15:21] {ese} signing off for the weekend everyone....have a god one
[15:22] {nemo} easy ese
[15:22] {Threei} you too ese
[15:22] {ese} ahh good
[15:22] {ese} see ya vad
[15:22] {dino} out uthr .65, +.40
[15:22] {dino} cya s
[15:23] {vinod} have a nice weenend everyone
[15:23] {dino} you2 vinod
[15:23] {Threei} take care vinod
[15:23] {dino} theres still money to be made imo
[15:23] {nemo} c ya Vinod
[15:24] {nemo} cnqr dino
[15:24] {dino} watching, was thinking 18.20 area
[15:25] {dino} ask me why?
[15:26] {nemo} o.k I'll bite, why?
[15:26] {dino} 'cause it should not get there in my mind
[15:26] {dino} so if it does, i have to hit it
[15:26] {nemo} if it get's there this late on a Friday?
[15:27] {dino} sure
[15:27] {dino} 30+ left
[15:27] {dino} laying out
[15:27] {nemo} by the time it get's there????
[15:28] {dino} i'll give it until 3:50
[15:28] {dino} sm guys, no worries
[15:28] {dino} -17% we do not do size
[15:29] {nemo} Mmmmmmmhhhh...Marie Antoinette?
[15:29] {dino} out eqix all day, +.35
[15:30] {dino} at .55
[15:30] {dino} fortune favors the bold nemo
[15:30] {nemo} we had this talk about taking point
[15:31] {Threei} again with my traditional confusion between bold and bald...
[15:31] {nemo} look at Rimm
[15:32] {Threei} mibbit disconnects people
[15:32] {nemo} soylent green is people
[15:33] {dino} twight zone?
[15:33] {nemo} Soylent Green starring Charleton Heston, last movie Edward G. Robinson did
[15:34] {dino} opps, "to serve man"
[15:35] {magoo} restrm worx
[15:35] {nemo} wish I had been watching CNQR, look at that classic hangman at the top
[15:35] {nemo} "It's a cookbook!"
[15:35] {dino} :)
[15:35] {dino} cnqr getting near
[15:35] {dino} dbtk?
[15:35] {nemo} tick tock tick tock
[15:36] {dino} nite stop to .59
[15:37] {dino} to .62
[15:37] {dino} out +.13
[15:41] {Threei} WHITE HOUSE ECONOMIC ADVISOR ROMER: Q1 GDP DATA WILL BE "QUITE ROUGH" - TV INTERVIEW
[15:41] {Threei} ahhh
[15:41] {Threei} revelation of the day
[15:42] {nemo} dino cnqr
[15:42] {dino} ok cnqr sm l .20
[15:43] {dino} waiting at .50
[15:44] {nemo} Vad...all these people competing for your title
[15:44] {dino} 1:1 guys if in keep it
[15:45] {Threei} I gave up nemo
[15:45] {Threei} no way I keep the title with such fierce competition
[15:45] {nemo} never give up vad
[15:46] {dino} vad is king
[15:46] {dino} of course no mkt help
[15:47] {dptl} have a good evening all and good weekend
[15:47] {Threei} regardless dino... amazing patience for entry
[15:47] {Threei} take care dp, have a good one
[15:47] {dino} cya dp
[15:47] {nemo} boy's a sniper
[15:47] {Threei} fess up time... I tok .16 but scalped
[15:47] {dino} tighten to .97
[15:47] {nemo} on CNQR?
[15:47] {Threei} yeah
[15:48] {nemo} snuck up behind Dino huh?
[15:48] {dino} yes
[15:48] {Threei} wow FAS
[15:48] {dino} no problem 1/1 was .30, tighten
[15:50] {Threei} in .03
[15:51] {Threei} can I afford 5 cents stop?
[15:51] {dino} indeed
[15:52] {dino} tighten to .09
[15:53] {Threei} C CEO: WORKING WITH US GOVT ON SYSTEM FOR COMPENSATION
[15:54] {dino} slave to obama
[15:54] {Threei} amazing
[15:54] {Threei} country solves bonus problem
[15:55] {Threei} class warfare
[15:57] {Threei} on come on
[15:57] {Threei} 3 min, can you move 5-6 cents??
[15:57] {nemo} yeah, down
[15:57] {Threei} whatever
[15:57] {dino} to .24
[15:58] {dino} out +.04
[15:58] {Threei} better than my coming -.04 :)
[15:59] {Threei} JPM
[15:59] {Threei} EXEC: WORKING ON CHALLENGES FACED BY RECENT LAWMAKER ACTIONS REGARDING BONUSES - MEMO
[15:59] {Threei} jeez
[16:00] {Threei} okay... time's out
[16:00] {Threei} out flat
[16:00] {Threei} AIG is suing
[16:00] {nemo} and the vertically challenged lady has sung
[16:00] {dino} wow, crazy two hours
[16:00] {Threei} good
[16:00] {Threei} I want to see how that works out
[16:00] {nemo} horizontally challenged...I'm vertically challenged
[16:01] {Threei} thank you all
[16:01] {Threei} great week
[16:01] {Threei} have a good weekend, see you on Monday
[16:01] {nemo} P&Q
