Very nice day with a few well controlled stops and nice-sized wins. Second half of the day was mostly boring with infrequent opportunities. All the same heroes - FAS, BAC, WFC, RIMM...
Session Time: Tue Mar 24 00:00:00 2009
[07:53] {nemo} morning
[07:54] {Threei} Good morning sleepless in, umm, various cities
[07:54] {nemo} I've been up for 3 hours
[07:56] {Threei} what can I say... try sleep aid?
[07:56] {Threei} ok, daily comedy of irrelevance starts with:
[07:56] {Threei} (US) FED'S EVANS: FED WOULD HAVE BEEN BETTER OFF TIGHTENING POLICY RATES AT A QUICKER PACE IN LATE 2001
[07:56] {Threei} really?
[07:56] {Threei} in 2001?
[07:56] {Threei} and Mr Evans informs us now?
[07:56] {nemo} I use vodka
[07:58] {Threei} (US) PRESIDENT OBAMA: G20 MUST TAKE ACTION TO STIMULATE GROWTH UNTIL DEMAND PICKS UP; G20 SHOULD PROVIDE AID TO STABILIZE EMERGING NATIONS, INCREASE IMF EMERGENCY FUNDS - GERMAN PRESS
[07:58] {Threei} - Immediate action coming out of G20 summit in London could be clear way for recovery
[07:58] {Threei} - Reiterates need to restore credit system
[08:05] {magoo} mornink comrades
[08:06] {Threei} magoo :)
[08:06] {magoo} hey boss
[08:06] {magoo} faz might be a pre trade here
[08:07] {magoo} if financials want to pullbk today, could go multi points
[08:07] {Threei} anything might be a trade...
[08:08] {magoo} OY..u starting with me already?
[08:08] {Threei} question is, what is safe enough and has high enough odds
[08:08] {Threei} lol... why not
[08:08] {Threei} need morning warm-up, don't I
[08:09] {Threei} (US) FED'S EVANS: Q1 GDP GROWTH LOOKS SET FOR SEVERE CONTRACTION; TO RESUME GROWTH BY YEAR-END
[08:09] {Threei} - Unemployment Rate should begin to improve by year end and in 2010
[08:09] {Threei} - Inflation expectations are well maintained
[08:11] {Threei} (US) PIMCO'S MUCULLEY: EXPECTS CDO'S TO BE INVOLVED IN TOXIC ASSET PROCESS
[08:11] {nemo} Mags-do you go for Turkey's also?
[08:15] {Threei} FED'S EVANS: GEITHNER TOXIC ASSET PLAN IS "VERY WELL DESIGNED"
[08:15] {Threei} oh good
[08:15] {Threei} gotta buy me some toxic asset
[08:15] {nemo} So wasn't the Titanic
[08:17] {Threei} - Says $300B Treasury purchases is "Very Good Amount"
[08:17] {Threei} - Private interests in troubled assets is positive
[08:19] {cosmo} don't toxic assets need an environmental assessment before they're resold?
[08:21] {Threei} wyhatever assessment says, they are going to be shoved down the public throat
[08:21] {Threei} so why bother
[08:22] {Threei} EXHANGES SEND LETTER TO SEC REGARDING MODIFIED UPTICK RULE
[08:22] {Threei} {NDAQ NYX}
[08:23] {Threei} - Propose that under new system, uptick rule would go into effect following a stock decline
[08:23] {Threei} - Individual borkers would be responsible for compliance with new rule
[08:23] {Threei} - Short sales would be limited to current best bid
[08:23] {Threei} borkers eh?
[08:24] {Threei} FAS started uoticking on that
[08:24] {Threei} BAC is trying to follow
[08:25] {Threei} not sure what this means:
[08:25] {Threei} - Short sales would be limited to current best bid
[08:25] {Threei} no sales under the bid or what?
[08:26] {nemo} So, this is a BFD?
[08:26] {Threei} ?
[08:26] {Threei} who knows
[08:26] {Threei} we haven't seen full text
[08:27] {cosmo} NRGY public offering anouncement
[08:27] {cosmo} might heal
[08:36] {larisa} good morning :)
[08:36] {ese} good morning....
[08:36] {Threei} larisa, ese :)
[08:36] {ese} morning vad
[08:37] {ese} Vad....what is the symbol for the Baltic Dry index
[08:37] {fernp} Hello everybody
[08:37] {ese} fern
[08:37] {Threei} fern :)
[08:37] {Threei} it's not traded entity ese, there is no symbol
[08:38] {ese} ahhhhh......explains why I couldn't find it
[08:40] {Threei} ok, this is actually funny:
[08:40] {Threei} GS PRESIDENT: NOT LIKELY TO RETURN TARP FUNDS BEFORE STRESS TEST
[08:40] {cosmo} it is?
[08:40] {Threei} I can just hear this childish capricious voice:
[08:40] {Threei} let's see how you grade us on your test,
[08:41] {Threei} then I'll think to give you your toys back or keep it
[08:42] {Threei} of course it is cosmo, if your sense of humor is anything like mine - which is to say, at 11 years old level
[08:42] {cosmo} 12 ...haha
[08:42] {Threei} - Again reiterates Goldman would not have had any losses from an AIG default
[08:42] {Threei} ***Reminder: Back on March 23, GS: May sell 15-20% of stake in China bank ICBC in efforts to pay back TARP capital; could raise $1B - WSJ
[08:50] {dino} gm all
[08:50] {Threei} dino :)
[08:55] {ese} morning dino
[08:59] {VINOD} good morning to all
[08:59] {ese} vin baby!!!!!!
[09:01] {Threei} vinod :)
[09:03] {Threei} PLD
[09:03] {Threei} UPDATES DELEVERAGING EFFORTS; ASIA TRANSACTION PROCEEDS PROVIDE $1.3B OF LIQUIDITY IN Q1
[09:05] {pita} gm all, second try.....
[09:06] {Threei} pita :)
[09:06] {dino} cracks me up, the assets are no good to banks, but geitrhers plan all hedges will make big money. see the problem w/m2m
[09:07] {dino} estimating 95% value taking out at 50%
[09:07] {Threei} their reasoning is time factor
[09:07] {dino} yes, but it is wrong
[09:07] {Threei} as in, market will value those assets higher in a while
[09:07] {Threei} and banks need their balance sheets corrected now
[09:08] {Threei} so, they move those assets to entities that can afford waiting
[09:08] {dino} yes, but again, wrong they are worth much more, artificially created crash
[09:09] {dino} m2m change to prior 12/07 change would have saved trillions
[09:09] {ese} something seems out of wack there.....assets are not assets these days
[09:09] {Threei} at the expnese of some hurt egos? :)
[09:10] {dptl} good morning
[09:10] {ese} dp
[09:11] {Threei} dp :)
[09:11] {Threei} TSY SEC GEITHNER: FIXING MARKETS WILL TAKE TIME
[09:11] {Threei} hmmm
[09:11] {Threei} I need to ponder that
[09:12] {Threei} it comes on the heels of earlier gem:
[09:12] {Threei} [07:56] {Threei} (US) FED'S EVANS: FED WOULD HAVE BEEN BETTER OFF TIGHTENING POLICY RATES AT A QUICKER PACE IN LATE 2001
[09:12] {Threei} [07:56] {Threei} really?
[09:12] {Threei} [07:56] {Threei} in 2001?
[09:12] {Threei} [07:56] {Threei} and Mr Evans informs us now?
[09:12] {dino} fly in the ointment, quarter end tuesday
[09:12] {vint} good morning all
[09:12] {Threei} vint :)
[09:13] {dino} wow, '01, we were in a big bear market
[09:14] {ese} ya what kind of comment is that......tightening in 01
[09:14] {Threei} and hey, it took just 8 years for him to notice?
[09:14] {ese} ????
[09:14] {Threei} I am telling you... these guys deliver way too much entertainment lately
[09:15] {Threei} and hurt my ego badly, by beating me to the pulp in competition for the Captain Obvious title
[09:16] {Threei} CNBC'S FABER: GOLDMAN AND JP MORGAN FIRST QUARTERS ARE SHAPING UP TO BE STRONG
[09:16] {Threei} - says both want to repay TARP money ASAP but likely to wait for stress tests
[09:16] {Threei} - thinks GS will likely be forst to repay
[09:16] {Threei} first or worst?
[09:16] {Threei} ok, I should be the last one to point out someone's mistypes...
[09:17] {Threei} although "borkers" in one of headlines today was oo funny to ignore
[09:17] {Threei} [08:23] {Threei} - Propose that under new system, uptick rule would go into effect following a stock decline
[09:17] {Threei} [08:23] {Threei} - Individual borkers would be responsible for compliance with new rule
[09:20] {Threei} so far, market is much mirkier than yesterday's
[09:21] {Threei} no clear plays at the moment,
[09:21] {Threei} mostly upward bias for now
[09:21] {Threei} but will wait for clean indication
[09:21] {Threei} either deep pullback begging to be bought,
[09:21] {Threei} or opening range break
[09:22] {Threei} FAC, BAC
[09:22] {Threei} FAS, sorry
[09:22] {Threei} WFC
[09:22] {Threei} in short, all usual suspects
[09:26] {Threei} 60 cents pullback from yesterday's high is fairly tempting on FAS
[09:28] {nemo} except that it started the day yesterday around 5
[09:29] {tomg} good morning
[09:29] {Threei} tom :)
[09:29] {Threei} OK, if first move is buying, I'll skip it
[09:29] {Threei} too big chance of immediate smakcdown
[09:30] {Threei} one more leg of selling please, and I'll get interested
[09:31] {Threei} BAC
[09:31] {Threei} .11 long
[09:31] {Threei} stop under 7
[09:32] {dino} qid close trade stop to .10
[09:32] {dino} out +.50
[09:33] {Threei} half out BAC .24
[09:33] {ese} nice dino
[09:33] {Threei} scalpers get out
[09:33] {dino} livermore trade, when lucky take it
[09:33] {tomg} ty vad
[09:33] {Threei} tom :)
[09:34] {Threei} missed FAS, waiting for pullback
[09:34] {ese} L fas .54
[09:34] {dino} cedc gap around 10.20, maybe working it
[09:35] {ese} out fas .64 full lot
[09:35] {Threei} nice scalping footwork
[09:36] {Threei} FAS, entry just under .40 feels right
[09:36] {ese} nice and quick
[09:36] {Threei} first sign of strength
[09:36] {Threei} with stop under .30
[09:36] {ese} looking at NRGY
[09:36] {Threei} in .39
[09:36] {cosmo} NRGY needs to hold 22
[09:36] {Threei} for hard core scalpers stop under .35
[09:36] {ese} agreed cos
[09:37] {Threei} 1:1 in a hurry
[09:37] {magoo} man..i missed both
[09:37] {Threei} BAC over 1:2
[09:37] {Threei} stop to .14 if still holding balance
[09:38] {ese} nrgy invalidted for me
[09:38] {Threei} FAS stop to .39 if holding full or half
[09:41] {Threei} Long Setup: WFC .40 break half lot
[09:41] {Threei} satop under .30
[09:43] {vint} in
[09:43] {Threei} .50 break should set it free
[09:43] {dino} ttes
[09:44] {magoo} in wfc
[09:44] {wulff} go my son fly
[09:44] {Threei} over 1:1
[09:44] {Threei} 1:2, half out
[09:44] {wulff} be freeeeee
[09:44] {Threei} scalpers know what to do
[09:44] {ese} bstop FAS .61
[09:44] {ese} L .61
[09:44] {magoo} out .64 TY
[09:45] {Threei} finally, magoo woke up and got some profits
[09:45] {magoo} really..was way slow early
[09:45] {Threei} BAC didn't reallyt follow through on this spike
[09:45] {Threei} closing the trade
[09:45] {magoo} good exit tho
[09:45] {Threei} yup
[09:45] {Threei} market is spikey
[09:46] {Threei} hmmm
[09:46] {Threei} another entry coming
[09:46] {Threei} .36 long
[09:46] {Threei} if syas above .30
[09:48] {Threei} hit over 1:1 quickly earlier but really, with such tight stop want to try for moee
[09:48] {Threei} more
[09:48] {Threei} half out or scalp here
[09:48] {Threei} me half out +.12
[09:49] {Threei} stop is still same, under .30
[09:50] {Threei} PREVIEW: FED'S BERNANKE AND TREASURY'S GEITHNER ARE SCHEDULED TO TESTIFY BEFORE THE HOUSE FINANCIAL SERVICES COMMITTEE ON THE GOVT RESCUE OF AIG
[09:50] {Threei} - text of the testimony was released earlier and Q&A will begin later in the hour.
[09:50] {Threei} PREVIEW: JAN HOUSE PRICE INDEX (M/M) DUE OUT AT 10AMET
[09:50] {Threei} **consensus expectation: -0.9%e v +0.1% prior
[09:50] {Threei} PREVIEW: MARCH RICHMOND FED INDEX DUE OUT AT 10AMET
[09:50] {Threei} **consensus expectation: -51e v -51 prior
[09:50] {Threei} - estimates range between -44 to -54
[09:52] {dino} sm l ttes .51
[09:53] {Threei} good boy FAS
[09:53] {Threei} finally
[09:53] {Threei} out balance .69, +.30
[09:55] {Threei} out WFC balance
[09:55] {Threei} .58, +.22
[09:55] {ese} out fas .80 +.19 full lot
[09:55] {Threei} okay... so far so good, 4 out of 4
[09:56] {Threei} a bit too fast
[09:56] {Threei} but that's morning trades...
[09:57] {dino} you're a machine
[09:57] {wulff} drys is screaming
[09:57] {nemo} machine with a sense of humor lubricated by vodka
[09:57] {Threei} don't give nemo ideas
[09:57] {Threei} awww... too late
[09:58] {Threei} looked at it earlier wulff, couldn't get a read on it.... grrr
[09:58] {dino} lol
[09:58] {wulff} I am swing trade
[09:58] {Threei} EGLE moves with it too
[09:59] {Threei} ok, let's wait for numbers in 2 min
[09:59] {Threei} lest we get caught
[09:59] {Threei} *MARCH RICHMOND FED MANUFACTURING INDEX: -20 V -51E
[09:59] {dino} v sm l .00
[10:00] {Threei} JAN HOUSE PRICE INDEX (M/M): +1.7% V -0.9%E
[10:00] {Threei} wow
[10:01] {magoo} out your wfc .76
[10:01] {magoo} ty
[10:01] {Threei} welcome
[10:01] {magoo} only 2 i caught
[10:01] {wulff} thanks for those numbers vad
[10:01] {ese} L HIG .50
[10:02] {Threei} ummm... welcome of course but I haven't produced them... economy did {G}
[10:02] {Threei} I will take credit if you insist
[10:03] {Threei} so far long bias proves right
[10:03] {Threei} let's wait for pullback or consolidation/break now
[10:05] {Threei} I would like pullback to 7 or slightly below on FAS, at least
[10:05] {Threei} if it never loses 7.10, well, break over 7.20 is a play
[10:05] {Threei} jst more risky
[10:06] {Threei} better... a bit more down please
[10:06] {Threei} ok, first strength from here
[10:07] {Threei} stop under 6.95
[10:07] {Threei} keep it tight and look for re-entry if stopped
[10:08] {magoo} in 04
[10:09] {Threei} ICE
[10:09] {Threei} PRICE TARGET RAISED TO $90 FROM $80 AT SANDLER O'NEILL, MAINTAINS BUY RATING (TIMING UNCERTAIN)
[10:10] {Threei} Senate is back to really pressing issues
[10:10] {Threei} namely, AIG bonuses
[10:10] {Threei} no worky FAS
[10:10] {dino} waste of time, doesn't anybody work there anymore
[10:11] {Threei} FAS shakeout eh?
[10:11] {Threei} whatever
[10:13] {dino} qsii
[10:13] {ese} out HIG ,55 +.05 lot and a half
[10:14] {cosmo} fmcn
[10:14] {cosmo} 6.33 hod
[10:15] {dino} darn not avail qsii
[10:16] {fernp} XL C&H Vad?
[10:17] {Threei} looks like, worth a try at .38 if stays above .30 for a scalp,
[10:17] {Threei} above .20 for a daytrade
[10:21] {Threei} Terrific Tim is speaking
[10:21] {dino} v stop is .79 fweiw
[10:21] {cosmo} fmcn gonna test
[10:21] {Threei} he shares outrage about AIG compensation AND about the very system of those
[10:22] {Threei} isn't it a bit rich coming from Fed?
[10:22] {Threei} ok, former Fed
[10:22] {dino} seems to me there are other issues tim could be working on
[10:23] {dino} kangaroo court
[10:23] {cosmo} thinking cap?
[10:23] {ese} L HIG again .49 lot and a half
[10:23] {Threei} US HOUSE REP BOEHNER: TREASURY PROPOSAL FOR UNWINDING OF NON BANK ENTITIES A 'TREASURY POWER GRAB'
[10:23] {Threei} duh
[10:24] {ese} butting up against .50 for awhile...should take off when market turns up
[10:24] {dino} him and barney hang out
[10:25] {ese} dino HUBG would have been a nice play......missed it
[10:25] {dino} v stopped -.22
[10:26] {Threei} NFLX... the wierdest thing on earth
[10:26] {dino} nflx rocking
[10:26] {pita} day job - ty Vad FAS BAC WFC
[10:26] {Threei} welcome pita
[10:26] {dino} v rinsed
[10:26] {Threei} FAS regained strength
[10:27] {ese} away we go
[10:28] {Threei} nice entry on HIG ese
[10:28] {ese} out HIG .69 +.20 on a lot and a 1/2.....I like it
[10:28] {Threei} beauty
[10:28] {Threei} wtg
[10:28] {dino} gj
[10:28] {ese} tks....
[10:29] {ese} HIG seems like a nice easy day tradin stock....
[10:29] {Threei} who unplugged the market?
[10:29] {Threei} or tripped over the cord?
[10:29] {nemo} Geithner
[10:30] {Threei} nah, he is done
[10:30] {dino} ttes spiked down stopped -.30
[10:30] {Threei} Ben is speaking now
[10:30] {Threei} but none of them says anything of sybstance
[10:30] {dino} smackdown
[10:30] {Threei} just "me outraged too"
[10:32] {dino} i go to make pot of coffee, we lose 50+ pts
[10:32] {Threei} HIG is back into your entry ese
[10:33] {Threei} I'd assume it wil be scalpable qwith market bounce
[10:34] {cosmo} {....waiting for any Ben/Tim ideas on the 'moral imparitive'
[10:35] {cosmo} no matter ...sigh
[10:35] {Threei} I need new vocabulary...
[10:35] {cosmo} google it
[10:35] {Threei} out of what cosmo said, mine has only "for" and "the"
[10:37] {cosmo} imperative ...sorry
[10:37] {dino} waiting for another lecture on life from obamination
[10:37] {Threei} big one is coming this evening dino
[10:37] {Threei} and I'd assume couple small ones meanwhile
[10:37] {dino} seems like he "scolds" everybody
[10:38] {cosmo} our new obamanation
[10:38] {ese} Long HIG ..42
[10:39] {Threei} no sign of market bounce yet ese...
[10:39] {Threei} or FAS
[10:39] {ese} ya ...was hoping bounce off lower bollinger band
[10:40] {ese} maybe not
[10:40] {Threei} nah, you were right
[10:40] {nemo} might be scalp time though
[10:41] {dino} ati sm l .58
[10:42] {ese} out HIG .50 +.08
[10:42] {ese} lot and 1/2 again
[10:42] {Threei} {--- can safely go to Bahamas
[10:42] {nemo} giving Dino a run for his "money"
[10:43] {ese} up 450.00 on this thing alone.....trades right for me.....weird feeling
[10:43] {nemo} explain: {&Threei} {--- can safely go to Bahamas
[10:43] {dino} kicking my butt today, but afternoons are mine
[10:43] {Threei} people trade nicely without my help...
[10:43] {nemo} whoa! Hear that ese? Dino's gonna' kick yur ass this afternoon
[10:44] {dino} lol
[10:44] {ese} he can definately do that
[10:44] {ese} I'll be at work
[10:45] {Threei} but ese usually successfully defuses that threat by leaving for the aftrenoon :)
[10:45] {nemo} ahhh...another maxim...don't be there!
[10:45] {dino} lately i do most of my profit in p.m., thats all
[10:45] {nemo} Just trying to stir the pot
[10:46] {ese} if were scoring in days.......dino 364 ese 1
[10:46] {nemo} wasn't it like 4356 to 1, and then Vad corrected that it was only 4354 or something like that?
[10:46] {dino} doubt that
[10:47] {nemo} tough crowd
[10:47] {dino} indeed
[10:48] {ese} indeed
[10:48] {Threei} I am lost
[10:48] {Threei} but never mind
[10:48] {Threei} that's my normal state
[10:48] {nemo} what were the name of those two incredibly polite cartoon chipmunks?
[10:48] {Threei} I tend to oscillate between lost and confused
[10:48] {nemo} "Dazed and Confused"
[10:49] {cosmo} but happy
[10:49] {nemo} Dino, think Vad gets the reference?
[10:49] {dino} v .99 l
[10:50] {Threei} for that I would have to watch it
[10:50] {Threei} and I did promise my kids I would
[10:50] {nemo} watch what?
[10:50] {Threei} sigh
[10:50] {cosmo} FMCN salmon ....next locks at 6.45
[10:51] {nemo} Oh no, caught in my own web...I was commenting on a song title
[10:51] {fernp} out XL 1:1
[10:51] {fernp} ty vad
[10:51] {Threei} welcome, but it was your find :)
[10:51] {Threei} I just provided commentary
[10:52] {nemo} V lookin' good Dino
[10:52] {fernp} then thanks for you comments
[10:52] {Threei} lol
[10:52] {dino} v stop to .12
[10:53] {dino} to .19
06[10:53] * Threei orders a new sign for his door: "Accept credits for anything, from calls I didn't make to saving planets I never heard of"
[10:53] {dino} out +.20
[10:53] {Threei} US SENATOR DODD: COUNCIL INCLUDING FED, FDIC, AND OCC COULD BE OPTION AS SYSTEMIC RISK REGULATOR, UNCERTAIN WITH FED AS SOLE REGULATOR
[10:54] {dino} yes lets just adde 1000 people to make sure nothing ever gets done and blame goes nowhere
[10:55] {Threei} what's with PALM happiness
[10:55] {ese} here we go again L HIG .41
[10:56] {dino} mcd l .80
[10:57] {Threei} WCG
[10:57] {Threei} HEARING TAKEOVER CHATTER CIRCULATING
[10:57] {Threei} - AET rumored as potential acquirer
[10:57] {elepet} i don't know (palm) but i'm in it .
[10:58] {Threei} swing trade from before?
[10:58] {ese} hmmmm QQQQ was looking like it wanted to go through .45....maybe not
[10:58] {elepet} from yesterday at 8
[10:59] {elepet} bank stocks were driving me crazy
[10:59] {ese} dare veee gohh
[11:00] {ese} hig.....pees fadow
[11:00] {ese} nope
[11:01] {ese} stop .20
[11:03] {Threei} yawn
[11:03] {magoo} vad..im slow today..we in anything?
[11:03] {Threei} in coma... as usual
[11:03] {magoo} cool manyanas
[11:04] {dino} haste bananas
[11:04] {ese} ahhhhhhh
[11:04] {Threei} strange spikes
[11:04] {dino} ttes l .10
[11:05] {Threei} TREASURY'S GEITHNER: TREASURY HAS NOT MADE JUDGEMENT ON REQUEST FOR ADDITIONAL TARP CAPITAL
[11:05] {VINOD} interesting to watch decay in faz
[11:05] {dino} and the crowd goes "ooohhh"
[11:06] {ese} HIG do the right thing....as spike lee would say.........follow the Q's
[11:06] {nemo} and the c girls sing da doo da doo...or whatever Lou sai
[11:06] {nemo} said
[11:06] {Threei} (IR) IRISH FIN MIN: WILL BE EXPLORING IRISH BANKING EXECUTIVES BONUSES
[11:06] {Threei} but of course
[11:06] {nemo} "c" is politically correct
[11:08] {Threei} Long Setup: ADBE .87 if stays above .80
[11:08] {Threei} grrr
[11:08] {Threei} .07
[11:08] {Threei} if stays above 22
[11:08] {Threei} sorry for confusion
[11:08] {dino} roflol nemo
[11:09] {dino} you guys are in a mood today
[11:09] {nemo} forgot to take my meds
[11:10] {nemo} We go from class 5 rapids to glacial movement..sheesh
[11:11] {dino} ttes stop to .34
[11:12] {dino} mcd to .91
[11:12] {dino} ttes to .47
[11:14] {dino} out ttes ave .48, +.38
[11:14] {dino} tough trying to catch es
[11:14] {fernp} ADE
[11:14] {fernp} ADBE still valid ?
[11:15] {Threei} if makes couple move moves between 22 and 22.07
[11:15] {Threei} need it to reestablish 22 as support
[11:15] {fernp} ok
[11:15] {ese} out HIG .49 +.08 lot and 1/2
[11:15] {dino} out mcd .92, +.12
[11:16] {dino} relentless es
[11:17] {magoo} in .06
[11:17] {fernp} missed
[11:17] {magoo} always leaps like that
[11:17] {Threei} GE interesting relative strength
[11:18] {Threei} slow but starts chewing confidently through levels
[11:18] {dino} ati stop to .88
[11:18] {dino} pullback coming imo
[11:19] {dino} out ati, +.30
[11:22] {dino} maybe not
[11:22] {Threei} I can't read much in these slow drift
[11:23] {Threei} GE stands out a bit
[11:23] {dino} geeee
[11:23] {nemo} No, G E
[11:23] {nemo} Dino, you're not doing to badly yourself today
[11:25] {dino} mcd l .98
[11:25] {dino} 5 of 7
[11:26] {Threei} 4 out 5 here, if not count ADBE
[11:27] {dino} gj
[11:27] {fernp} out BAC +.10 micro-sclaping the only way to make money today :)
[11:27] {Threei} why not
[11:27] {dino} agree on the scalping
[11:28] {dino} mcd wall of china at .00
[11:29] {dino} or berlin
[11:30] {Threei} GE just goes
[11:30] {Threei} ignoring market and FAS
[11:31] {nemo} might be indicating the other parts of the company might be breathing again soon
[11:33] {dino} don't over think it imo
[11:34] {nemo} not...who knows why, but it's been acting like a financial with a slew of other businesses attached
[11:37] {Threei} BAC aiming for green it seems
[11:38] {nemo} ...I'll leave it alone
[11:38] {wulff} I'm leaving. Feel free to rally now.
[11:38] {Threei} both FAS and BAC start looking like preparing fopr the run
[11:39] {wulff} see
[11:39] {Threei} sorry wulff
[11:41] {dino} ty wuff
[11:42] {dino} mcd stop to flat
[11:43] {Threei} FED'S DUDLEY: UNCERTAIN WHAT CAPITAL MAY BE NEEDED BY AIG IN FUURE
[11:43] {Threei} {AIG}
[11:43] {Threei} you and the whole USA dear Dudley
[11:44] {cosmo} gold?
[11:44] {cosmo} nah....too soon
[11:44] {Threei} ?
[11:45] {dino} watching ttes again
[11:46] {cosmo} gold is the 'sustainable currency'
[11:47] {Threei} not going to happen
[11:47] {Threei} fiat is with us forever, IMO
[11:47] {cosmo} omg
[11:48] {nemo} look at China's call for a international currency
[11:48] {Threei} that's bs
[11:48] {cosmo} globero
[11:48] {dino} agree, gold would ruin the politicians
[11:48] {Threei} whole new currency for whole wrld?
[11:48] {nemo} what's bs?
[11:48] {Threei} how's euro working for europe?
[11:48] {nemo} no...using IMF SDRs which were created in the 70s
[11:48] {Threei} who will manage it?
[11:48] {nemo} IMF
[11:48] {Threei} what are the implications for world trade?
[11:49] {Threei} ah IMF
[11:49] {dino} mcd stopped +.01
[11:49] {cosmo} hmmm
[11:49] {Threei} famous for its immense financial wisodm
[11:49] {nemo} likely to reduce imbalances...will force fiscal discipline
[11:49] {Threei} and of course all counttries in the world will be happy to sybmit
[11:49] {Threei} hehe
[11:50] {nemo} well, they submit to the US now, they seem to be getting sick of it
[11:50] {Threei} dreams of grandfather Mazai...
[11:50] {Threei} last headline:
[11:50] {Threei} China continues buying USA debt
[11:50] {Threei} any questions?
[11:50] {Threei} all that grandsdtanding is bs
[11:51] {Threei} siundbites worth exactly nothing
[11:51] {dino} imf is famous for bad loans nemo, no way they fix something
[11:52] {dino} they come in and screw up everything
[11:52] {nemo} I don't disagree...progress is rarely progressive
[11:52] {dino} imo, nothing changes
[11:52] {Threei} exactly dino
[11:52] {Threei} and whole world knows that
[11:52] {dino} agree
[11:52] {Threei} they mishandled asian financial crisi badly
[11:52] {dino} it's a big game
[11:52] {Threei} under Geithner's management btw
[11:52] {nemo} russia too
[11:53] {dino} tell them what they want to hear, business as usual
[11:53] {Threei} yup
[11:53] {ese} signing off everyone......dino take over from here will ya.....see ya tomorow
[11:53] {Threei} take care ese, great job
[11:53] {fernp} bye ese
[11:53] {dino} weill do es, take care
[11:53] {dino} will
[11:53] {Threei} there is no entity in the world that could move ahead with such grandiose undertaking as creation of world's currency
[11:54] {ese} tks......oddly enough i watched your scalping video again on the weekend
[11:54] {ese} see ya
[11:54] {Threei} nor there is a will to create any kind of union capable of that
[11:54] {dino} yeah took me awhile to make that video
[11:54] {cosmo} nature wiil bring chaos to order
[11:54] {Threei} lol dino
[11:55] {dino} :)
[11:55] {Threei} it's my role to take credits for someone's achievements
[11:55] {Threei} nemo, I am willing to make a bet
[11:56] {Threei} all soundbites from China, Russia whoever else
[11:56] {Threei} about replacing USD as reserve currency will never come to fruition
[11:56] {Threei} all they'll acieve is furious discussions on various forums and boards
[11:57] {Threei} case of vodka?
[11:57] {cosmo} ...then we will use tobacco
[11:57] {cosmo} again
[11:57] {dino} lol
[11:57] {nemo} never is a long time. I don't think it'll be in the next few years..that is..since the world ends in 2012...
[11:57] {Threei} oh
[11:57] {larisa} it does ?
[11:57] {dino} well then it is never if world ends
[11:58] {Threei} right
[11:58] {nemo} Yeah...that's why the NFL's collective bargaining agreement ends on 2010
[11:58] {dino} i like it when a plan comes together
[11:58] {cosmo} 2012 is when the next one starts
[11:58] {Threei} FED'S BERNANKE: TRADING CDSS THROUGH A CENTRAL COUNTERPARTY COULD EASE RISKS; AIG TRADED CDS THROUGH LACK OF HEDGING - Q&A
[11:58] {Threei} - Recommends against stopping the CDS market as it may have negative fallout{AIG XLF NYX NDAQ}
[11:58] {nemo} thanks George
[11:58] {cosmo} i'm optimistic
[11:59] {larisa} I am too young to .. end..
[12:00] {nemo} maybe you'll be one of the chosen people...you Jewish?
[12:00] {larisa} I want to end when I am 126
[12:00] {larisa} I am not
[12:00] {Threei} 126?
[12:00] {nemo} We're both screwed
[12:00] {larisa} can i become one fast ?
[12:00] {Threei} I sincerely hope to, umm, expire looong before that
[12:00] {larisa} :)
[12:00] {cosmo} i may have to come out of retirement to serve the meek until the day i depart
[12:01] {cosmo} even if its a cashless society
[12:01] {nemo} Mags must be going nuts
[12:01] {Threei} REPORTEDLY SOME US SENATORS PUSHING AG DEPT TO RAISE LIMITS ON US SUGAR IMPORTS TO AVERT A SHORTAGE IN DOMESTIC SUPPLIES
[12:01] {Threei} {JJG IPSU}
[12:11] {dino} .
[12:12] {larisa} was wondering if it is 2012 already :)
[12:14] {dino} nite l .85
[12:15] {dino} ttes l .60
[12:16] {Threei} MERRILL/BOA MAKING COMMENTS ON GAMING SECTOR, NET POSITIVE ON LVS (TIMING UNCERTAIN)
[12:16] {Threei} - Cites LVS filed amendment to credit facility and its possibility to cushion a US convenant yet Macau convenants are still a risk
[12:16] {Threei} - Merrill/BoA comments that MGM situation remains up in the air due to Dubai World lawsuit, even with MGM response that the lawsuit was without merit and that it is ready willing and able to fund its share of the costs to complete CityCenter{
06[12:24] * Threei slaps Chaeron around a bit with a large roll of cash
[12:24] {dino} v blood
[12:34] {KSystems} *yawn
[12:34] {Threei} I second that
[12:37] {Threei} lol, looking at RIMM... I don't think I remember it trading that slow, ever
[12:37] {dino} ttes stopped .50 -.10
[12:46] {Threei} oh boy... who would have expected the day to turn so slow and boring?
[12:48] {vint} is this quiet before the storm?
[12:48] {Threei} very possibly
[12:48] {Threei} things slowly drift upward
[12:48] {nemo} coul be the quiet before the quiet
[12:48] {Threei} if highs start geting broken, expolosion is very likely outcome
[12:49] {nemo} C&H on Rimm?
[12:49] {Threei} yes
[12:50] {Threei} .50 should launch it if market helps
[12:50] {nemo} in
[12:51] {magoo} in.48
[12:51] {vint} in
[12:53] {Threei} gosh... tell me hinstly, you ever seen this stock this slow??
[12:53] {Threei} honestly too
[12:54] {magoo} oout .64 TY
[12:54] {nemo} scalp thanks
[12:54] {Threei} it's RIMM for pete's sake
[12:54] {Threei} widowmaker
[12:54] {nemo} still lunch time
[12:54] {Threei} tame like little lamb
[12:55] {Threei} OK... FAS/BAC back on watch
[12:55] {Threei} US PRESIDENT OBAMA: REITERATES REGULATION MUST BE GLOBALLY COORDINATED TO BE EFFECTIVE, SEES G20 MEETING OF THE MINDS
[12:55] {Threei} - imperative to have regulatory framework to address global capital flows that pose systemic risk
[12:56] {dino} rimm stop to .67
[12:56] {Threei} YOUTUBE UNIT SAYS BLOCKED IN CHINA - WSJ
[12:56] {Threei} - WSJ reports the video service was slowly blocked over the last 24 hours; company says it does not know the reason for the Chinese action.
[12:57] {dino} to .74
[12:57] {dino} ty vad
[12:58] {Threei} sure thing
[12:58] {nemo} geez...I have my first broken clock moment and HE gets the credit...sheesh
[12:58] {dino} to .85
[12:59] {Threei} [11:55] {Threei} it's my role to take credits for someone's achievements
[12:59] {dino} out rimm .85, +.30
[12:59] {dino} opps, thx nemoooooooooooooooo
[12:59] {nemo} What's your's is mine, what's mine is mine, and what's ours is mine...yep...heard that before
[12:59] {vint} rimm out +.25
[13:00] {dino} v spike
[13:00] {Threei} variation: let's eat yours first, then each his own
[13:01] {nemo} Can take the boy out of the Soviet Union, but you can't take the Soviet Union out of the boy
[13:01] {Threei} FAS, watch for long entry under .10
[13:01] {Threei} desirably closer to 7
[13:04] {Threei} if it doesn't lose .10, decide between agressive entry and regular
[13:04] {Threei} rehular being .20 break
[13:06] {Threei} US REPORTEDLY CONSIDERING BILL TO GRANT NON PROFIT STATUS FOR NEWSPAPERS
[13:06] {dino} cpla spanked
[13:06] {Threei} {NYT GCI MNI WPO NWSA}
[13:07] {dino} now i've heard it all
[13:08] {Threei} bailout becvomes just global
[13:08] {Threei} bail out anything you meet
[13:08] {Threei} anyone found FAS entry, keep stop under 7
[13:09] {Threei} look to sell half close to .20
[13:09] {Threei} you can always scalp of course, but feels to me, this is about to get interesting
[13:14] {Threei} half out .18
[13:16] {Threei} come on FAS, break down that wall
[13:18] {Threei} game plan:
[13:18] {Threei} once .20 broken, stop to under .10
[13:19] {Threei} offer 1/4 closer to .30
[13:19] {Threei} then will reevaluate
[13:20] {dino} v l .10
[13:20] {Threei} 1/4 more out .27
[13:20] {Threei} told ya it was about to get interesting
[13:21] {Threei} last portion, stop is still under .10
[13:21] {Threei} and will try to get out closer to 7.50
[13:22] {Threei} if FAS continues, GE .90 break long
[13:22] {Threei} with stop under .80
[13:26] {Threei} [12:48] {Threei} if highs start geting broken, expolosion is very likely outcome
[13:26] {Threei} this is the slowest explosion I've ever seen
[13:26] {Threei} but I'll take it
[13:26] {Threei} FAS is getting there
[13:27] {Threei} WHITE HOUSE ADVISOR VOLCKER: CHINA SHOULD NOT PUT ALL THE BLAME FOR IMBALANCES ON THE US
[13:28] {Threei} out FAS .36
[13:28] {Threei} +.30
[13:29] {Threei} feels like pullback is coming
[13:29] {vint} fas out +.3
[13:29] {Threei} high five
[13:29] {Threei} or back slap
[13:30] {Threei} your choice
[13:30] {vint} thanks vad
[13:30] {Threei} welcome :)
[13:30] {Threei} YOUTUBE WORKING TO RESOLVE PROBLEM IN CHINA
[13:30] {Threei} oh good
[13:30] {Threei} I was so worried about China not watching youtube videos
[13:33] {Threei} US REP FRANK: HEDGE FUNDS SHOULD BE REQUIRED TO REGISTER WITH THE SEC
[13:33] {i2romantis} nice pullback
[13:34] {Threei} I am not sure whether it's technical or reaction on this headline
[13:34] {Threei} staying on a sideline
[13:34] {Threei} GE no worky
[13:35] {Threei} if it's technical, this is certainly an entry point
[13:35] {Threei} if news-caused, no read
[13:35] {nemo} that "if" is an issue
[13:35] {Threei} so I kind of prefer to err on a safe side
[13:35] {Threei} and not to spoil near-perfect day
[13:38] {Threei} whgile I remember... gtrader, lgcapital, pukac,
[13:38] {nemo} what?
[13:38] {Threei} your trial falls on the time I leave to give seminar in the Bahamas,
[13:38] {Threei} I won't be here from Friday to Thursday of the next week
[13:38] {nemo} seminar=vacation heheheheh
[13:39] {Threei} so feel free to mingle with the gang meanwhile
[13:39] {nemo} Vad are you back trading on Thursday or Friday?
[13:39] {Threei} and we will resume after my return
[13:39] {Threei} if you get an euto e-mail telling you trial is over, just ignore it
[13:40] {Threei} well, my return flight lands on Wed evening
[13:40] {Threei} if I am alive, will be in the room Thu morning
[13:41] {Threei} now, about this evilish implication:
[13:41] {Threei} [13:38] {nemo} seminar=vacation heheheheh
[13:41] {Threei} 7 1/2 sessions over 2 days
[13:42] {Threei} not my idea of vacation :)'
[13:42] {nemo} actually, you've got the brunt of the duties down there
[13:42] {Threei} that's fine
[13:42] {vint} why Bhamas?
[13:42] {Threei} I am one of those weird creatures who enjoy public speaking
[13:42] {Threei} why no vint... nice spot :)
[13:43] {nemo} funny...struck me as the shrinking violet...wallflower type
[13:43] {Threei} me??
[13:43] {Threei} lol
[13:43] {vint} right, but are participants from Bhamas or they are alos visiting Bhamas
[13:43] {Threei} wait for me about 30 minutes, that's how long it will take me to recover from groundshaking laughter
[13:43] {nemo} what vint ask?
[13:43] {Threei} no, visiting
[13:44] {Threei} people take vacation, attend seminar, write vacation off their taxes...
[13:44] {Threei} ideal arrangement
[13:45] {vint} good idea
[13:45] {Threei} there is time still to register I suppose :)
[13:45] {nemo} yep
[13:47] {vint} ge back
[13:47] {vint} ?
[13:47] {Threei} not sure...
[13:47] {Threei} tough to read
[13:48] {vint} k,thx
[13:49] {vint} on 5 mt, it looks like C&H
[13:49] {Threei} sure does
[13:49] {Threei} what bothers me is
[13:49] {Threei} FAS looks absolutely unclear here
[13:49] {Threei} and if you look at GE's volume,
[13:50] {Threei} it has no pattern throughout the C&H
[13:50] {Threei} it's practically flat
[13:50] {vint} got it, thx
[13:50] {Threei} no this vilume increase toward the C&H rims and volume drop toward both bottoms
[13:51] {Threei} FED'S DUKE: FED HAS BEEN 'AGGRESSIVE' WITH MONETARY POLICY
[13:51] {Threei} yeah?
[13:51] {Threei} OCC EXAMINERS: WILL NOT ASK BANKERS TO RESTRUCTURE LOANS, PRICING, OR LOAN LIMITS
[13:51] {Threei} {XLF}
[14:03] {Threei} IMF: NEEDS 'SUBSTANTIAL' INCREASE IN RESOURCES; APPROVES INCREASE IN FLEXIBILITY IN STANDBY ARRANGEMENTS; APPROVES NEW CREDIT LINE FOR EMERGING MARKETS FOR SIX OR 12 MONTH PERIODS
[14:03] {Threei} - There is no hard cap on credit line a country may request
[14:03] {Threei} - Will eliminate the time based policy that was designed to incentivize early repayments
[14:04] {Threei} yeah... these are the guys we want to issue and manage world's reserve currency
[14:08] {Threei} nice bounce on FAS, but GE is not really shaping up
[14:08] {Threei} BAC is better candidate
[14:08] {nemo} bac in a range since 1:20
[14:09] {Threei} if FAS continues, 8 break is ineterstiung for BAC
[14:09] {dino} ttes l .50 trig
[14:09] {Threei} ineterstiung?
[14:09] {Threei} sigh
[14:09] {magoo} back
[14:14] {Threei} if we finish the day around here, rally resumption is likely tomorrow
[14:14] {Threei} well, barring news of course
[14:14] {dino} gmrc ahain
[14:14] {dino} again
[14:15] {Threei} I like BAC's strength
[14:15] {dino} gmcr i mean
[14:15] {Threei} won't pullback even as FAS does
[14:17] {Threei} great
[14:17] {nemo} prez speaking
[14:17] {Threei} FAS teleported to 7.30 just as I started typing buy at .22
[14:18] {Threei} OFFICE OF THRIFT SUPERVISION(OTS): CURRENTLY OBTAINING DAILY LIQUIDITY REPORTS IN EFFORTS TO INCRTEASE SUPERVISION OF HIGH RISK THRIFTS
[14:20] {magoo} vad, news RIMM..its realatively weak
[14:21] {nemo} NAS is weak today
[14:21] {Threei} no news
[14:24] {magoo} on what?
[14:24] {Threei} lol
[14:24] {nemo} Who's on first?
[14:28] {Threei} IMF'S LIPSKY: GLOBAL CURRENCY IDEA IS NOT A NEW ONE, BUT IT WILL LIKELY GET SERIOUS CONSIDERATION
[14:28] {Threei} uhhu
[14:28] {nemo} Case of gray goose please
[14:28] {nemo} grey
[14:29] {Threei} or gray
[14:29] {_pukac} in ukraina which city you from
[14:29] {nemo} Wait a minute, that's French...Kettle 1
[14:29] {Threei} Dnepropetrovsk
[14:29] {KSystems} Bless ya
[14:29] {Threei} thank you
[14:29] {nemo} is that on the Dneiper?
[14:30] {Threei} yes
[14:30] {nemo} interesting
[14:30] {_pukac} ok im from Poland Zakopane
[14:30] {Threei} FED'S BULLARD: TO BEGIN OUTRIGHT PURCHASES OF TREASURIES TOMMOROW
[14:30] {magoo} polish women are quite good looking
[14:30] {_pukac} lol
[14:30] {Threei} never been there...
[14:31] {Threei} will take magoo's word on that
[14:31] {nemo} his wife must be polish
[14:31] {_pukac} Tatry mointain
[14:31] {nemo} and standing over his shoulder
[14:32] {KSystems} are your wives watching you trading?
[14:32] {magoo} :)
[14:33] {nemo} Funny...I believe the CHinese character for trouble or crisis, is the pictogram representing two women under one roof
[14:33] {nemo} I'm not kidding
[14:33] {Threei} REPORTEDLY FRECH PRESIDENT SARKOZY HAS SAID WANTS TO ELIMINATE BUSINESS TAX
[14:34] {KSystems} what news is pushing GLD here?
[14:34] {Threei} 14:30] {Threei} FED'S BULLARD: TO BEGIN OUTRIGHT PURCHASES OF TREASURIES TOMMOROW
[14:34] {Threei} [14:30] {magoo} polish women are quite good looking
[14:34] {Threei} umm
[14:34] {KSystems} lol
[14:34] {Threei} first line
[14:34] {KSystems} thanks
[14:34] {KSystems} :)
[14:34] {Threei} not second :)
[14:35] {Threei} FED'S BULLARD: SEES DISINFLATION RISKS; MUST ADDRESS TOO BIG TOO FAIL ISSUES
[14:35] {Threei} - Increasing money supply will help avoid deflation; Fed can still increase balance sheet and avoid real interest rate increases
[14:35] {Threei} - Fed should create a specific inflation target
[14:39] {Threei} Long Setup: BAC .81 if stays above .75
[14:45] {magoo} in
[14:46] {magoo} grrrrr
[14:48] {Threei} okay finnies
[14:48] {Threei} enough games
[14:48] {Threei} let's go
[14:49] {dino} giddy-up
[14:49] {Threei} hmmm
[14:49] {Threei} immediate reaction was giddy-down :)
[14:50] {Threei} feels like shakout attempts to me rather than genuine selling
[14:51] {dino} whats w/gmcr up big every day?
[14:52] {Threei} no idea
[14:52] {Threei} stopped BAC
[14:52] {fernp} no go BAC
[14:53] {Threei} WHITE HOUSE ADVISOR VOLCKER: CAPITAL MARKETS NEED NOT THE REGULATION OF THE BANKING SECTOR
[14:53] {Threei} {XLF}
[14:53] {Threei} what then?
[14:53] {Threei} and why do we sell on this?
[14:54] {dino} fcty
[14:54] {dino} no
[14:55] {Threei} FED'S HOENIG: ECONOMY WILL RECOVER, TIMING UNCERTAIN; DEFLATION IS CLOSE TO THE BOTTOM OF PRIORITIES
[14:55] {Threei} - Notes that this recent plan from the US Treasury makes assumption that majority of losses have already been taken
[14:55] {Threei} - Fed does not need the ability to issue bills{
[14:56] {Threei} too many talking heads at the same time
[14:58] {cosmo} i was gonna say something, but,...
[15:08] {Threei} hmmm
[15:09] {Threei} becomes tempting
[15:09] {Threei} FED'S BULLARD: THERE ARE UPSIDE AND DOWNSIDE CONCERNS WITH REGARDS TO INFLATION -Q&A
[15:09] {Threei} really?
[15:09] {Threei} sheesh
[15:10] {cosmo} you need to be properly invested
[15:11] {cosmo} hi grade beach sand .... i'm thinking
[15:12] {dino} look at tbt
[15:14] {cosmo} fmcn should hold 6.50 imo
[15:14] {cosmo} fwiw
[15:14] {dino} sm l tbt .25
[15:17] {Threei} double bottom BAC...
[15:17] {Threei} .60 break is confirmation
[15:18] {Threei} C
[15:18] {Threei} DOW INDEXES: REVERSE SPLIT ANNOUNCEMENT MAY CUT REQUESTS FOR ELIMINATION FROM DOW JONES INDUSTRIAL AVERAGE
[15:18] {Threei} {GM AA BAC DIA}
[15:19] {Threei} fairly questionable trading last 30 min
[15:20] {Threei} selloffs out of nowhere
[15:20] {dino} ya think
[15:20] {dino} bond spike was pretty big
[15:20] {dino} pull up tlt
[15:21] {Threei} yeah
[15:25] {nemo} this is weird
[15:25] {nemo} which means I should feel at home
[15:25] {Threei} what is?
[15:25] {nemo} the action
[15:25] {dptl} have a good evening all
[15:25] {dino} what would move the bond that much
[15:25] {Threei} take care dp
[15:25] {dino} cya dp
[15:26] {Threei} market was so giddy when the plan was announced
[15:27] {Threei} now when they start implementing it, market can't find a hole big enough to hide
[15:28] {Threei} FDIC GRUENBERG: AGENCY SUPPORTS FASB PROPOSAL TO EASE MARK-TO-MARKET IMPLICATIONS
[15:28] {Threei} if this doesn't send market up
[15:29] {Threei} okay... some upticks, maybe not all is lost
[15:30] {Threei} 'cause you know, if m2m change doesn't prop the market, we are going below zero
[15:31] {Threei} - proposal allows firms to avoid recognizance of liquidity discount for some fair valued securities
[15:31] {Threei} too vague
[15:33] {Threei} BRIDGEWATER ASSOCIATES HEDGE FUND SENDS LETTER TO CLIENTS; REMARKS MAY BE INTERESTED IN TOXIC ASSET PLAN, YET CONCERNS REMAINS OVER PARTNERSHIP WITH US GOVT
[15:33] {Threei} I wonder why
[15:34] {Threei} what could possibly be wrong in partnership with giovernement?
[15:34] {Threei} you may be summoned to senate and grilled by idiots who don't know what your company does for a living
[15:34] {Threei} you may get your pay cut
[15:35] {Threei} you may get cited for crowd's fury
[15:35] {Threei} other than that... shrug
[15:38] {cosmo} fmcn tests hod
[15:38] {cosmo} .75
[15:40] {larisa} was a great find cosmo, strong all day
[15:40] {cosmo} :)
[15:40] {larisa} :)
[15:41] {Threei} well, we have small red inside day on lower volume
[15:41] {nemo} little consolidation
[15:41] {Threei} so far so good for rally continuation
[15:41] {Threei} need break of yesterday's high for confirmation
[15:42] {Threei} red is not very convincing
[15:42] {Threei} -50 DJI
[15:43] {Threei} -26 COMP
[15:43] {Threei} unless market gets angry at my dismissal of its efforts and sells down like crazy over next 15 minutes, it's nothing
[15:47] {Threei} I take that back market
[15:47] {Threei} just relax
[15:47] {dino} out tbt .85, +.60
[15:53] {Threei} quite a selloff in financials
[15:53] {larisa} I think you made it angry
[15:54] {Threei} afraid so
[15:56] {Threei} so, is it idea of regulating hedge funds, insurance companies etc that is kmilling them now?
[15:56] {Threei} -117
[15:57] {nemo} FAZ IS BACK ON THE MENU BOYS!!! (and girls)
[15:58] {magoo} LORD OF THE RINGS
[15:58] {nemo} Uruk Hai
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {larisa} bye all
[15:59] {fernp} good evening all
[15:59] {VINOD} thanks vad could not be here all day. may be tomorrow
[16:00] {Threei} we will be here :)
[16:00] {vint} good evening all, see you all tomorrow
