Somewhat strange day. Most stocks acted against normal patterns and brought nothing but stops, while momentum mover DNDN obeyed like clockwork - all calls on it were right on target, both long and short.
Session Time: Fri Apr 03 00:00:00 2009
[08:15] {Threei} BALTIC DRY BULK INDEX -2.1% (18TH STRAIGHT DECLINE)
[08:16] {nemo} RIMM keeps going
[08:23] {Threei} keeping an eye on LVS
[08:27] {magoo} moprning
[08:27] {nemo} morn mags
[08:28] {Threei} magoo :)
[08:30] {Threei} MAR UNEMPLOYMENT RATE: 8.5% V 8.5%E
[08:30] {nemo} coincided wit FAS popping
[08:30] {Threei} *MAR CHANGE IN NONFARM PAYROLL: -663K V -660KE; CHANGE IN MANUFACTURING PAYROLLS: -161K V -162KE
[08:30] {Threei} *MAR AVERAGE HOURLY EARNINGS M/M: 0.2% V 0.2%E; AVERAGE WEEKLY EARNINGS: 33.2 V 33.3E
[08:32] {magoo} in line..they street was expecting worse
[08:36] {cosmo} always
[08:36] {nemo} RIMM just keeps going
[08:38] {patience} good morning RT, it is only Wednesday for those who went to the Bahamas, 2 more days of work for them
[08:40] {Threei} Good morning, lol
[08:41] {cosmo} GILD: # Gilead says blood pressure drug met trial goalsAP(Fri 7:15am)
[08:41] {magoo} vad..easy ? here...wheres support to go long RIMM?
[08:41] {Threei} lol
[08:41] {Threei} at 35
[08:41] {magoo} TY :)
[08:41] {Threei} sure :)
[08:44] {vinod} GM to all:)
[08:44] {nemo} you buyin' GM vinod?
[08:44] {pita} gm everyone
[08:45] {cosmo} we all own GM
[08:45] {Threei} vinod, pita :)
[08:45] {nemo} another one :)
[08:45] {vinod} Nothng buying but have 500 SRS from yesterday at 46.00
[08:48] {vinod} when you have some time lke your opinion about GLW-vad have 4000 in my IRA at $2..00 brought long ago
[08:50] {Threei} at 2?
[08:51] {Threei} I don't see it being at 2 ever
[08:51] {vinod} yes. my wife used to work there low was at 1.00
[08:51] {Threei} wow
[08:51] {vinod} she got laid off in 2001
[08:51] {Threei} I see
[08:51] {Threei} well, this is way too long term for me... sorry, I don't have much to say about it
[08:52] {Threei} I'd be out in, umm... 2005? :)
[08:52] {vinod} i have many stock in my IRA since 2000
[08:53] {vinod} will discuss later on off line
[08:54] {Threei} honestly, this kind of investements is not my cup of tea...
[08:55] {magoo} vad..wheres RIMM short?
[08:55] {magoo} seriously?
[08:55] {magoo} will it give back 5 points?
[08:56] {Threei} shrug
[08:59] {cosmo} HOLX?
[09:00] {Threei} no fresh news
[09:00] {cosmo} k
[09:01] {cosmo} hmmm
[09:06] {larisa} good morning :)
[09:06] {Threei} larisa :)
[09:06] {larisa} threei :)
[09:08] {Threei} (US) FED'S KOHN: "WE'RE NOT OUT OF THE WOODS YET," BELIEVES FED MAY NEED TO DO MORE TO INCREASE THE FLOW OF CREDIT
[09:08] {Threei} - The US economy is very weak, will likely remain that way "for a while."
[09:08] {Threei} - Sees a risk of rising real fed funds rate, deflationary spiral
[09:08] {Threei} - There is "incredibly large" unused capacity in the US economy.
[09:10] {fernp} Hello everybody
[09:10] {Threei} fern :)
[09:16] {ese} morning
[09:16] {Threei} ese :)
[09:16] {ese} morning vad
[09:17] {ese} any sense of the mrket yet....up, dn ?
[09:17] {Threei} not really
[09:17] {Threei} was up slightly, now down slightly
[09:21] {nemo} jnpr hanging their from yesterday, could be a short candidate
[09:23] {ese} have been re reading "how to scalp any market"...have a question for you....a couple of the scalp examples were for 3000 buy at .50 sell .54 etc...do you prefer those round numbers .50 and .00...because institutions focus on them
[09:24] {ese} they tend to provide significant resistant points
[09:24] {Threei} well, most of support/resistance levels to break and trigger the trade happen to be around those
[09:24] {ese} so they are most likely to breakout a little harder?
[09:24] {Threei} it's not often that we see alerts like "12.23 break long"... ratjer 12.20 or 12.25
[09:25] {ese} yes
[09:25] {Threei} stocks naturally tend to foop or bottom out at those nombers rather than at .03 or .07
[09:25] {Threei} to top
[09:26] {ese} institutional thing??
[09:26] {Threei} nah
[09:26] {Threei} just the weay we think
[09:26] {Threei} way
[09:26] {Threei} we don't assign targets for our exits at 25.63
[09:27] {Threei} 25.50 - we do
[09:27] {ese} yes
[09:27] {Threei} so those supports and resistances get formed where we decide to exit or enter
[09:28] {dptl} good morning all
[09:28] {Threei} dp :)
[09:29] {ese} have had the best trading 2 weeks of my life thanks to that book....have just had the courage to go with 2000/3000 shs lots and it really is safer
[09:29] {Threei} I am really happy to hear that
[09:30] {ese} although...I cannot tell a lie i've been swing trading FITB
[09:30] {i2romantis} yes we saw that, and FITB worked out well this week
[09:30] {i2romantis} which book are you referring to, ese?
[09:32] {magoo} good dump RIMM vad
[09:32] {Threei} [09:23] {ese} have been re reading "how to scalp any market"..
[09:32] {Threei} need it to form something, mags
[09:32] {ese} "How To Scalp any Market ^ Profit Consistently"...vads book
[09:32] {Threei} it's too removed from all normal points of reference
[09:33] {Threei} without it forming new ones, it's just a crapshoot
[09:34] {ese} looking for EBAY on pullback
[09:34] {Threei} Long Setup: FAZ .10 break if stays above 17.95
[09:35] {Threei} invalidated
[09:35] {Threei} LVS... waiting for pullback and not getting it
[09:37] {i2romantis} nice DRYS move
[09:37] {ese} same with Ebay
[09:37] {ese} opps now getting it
[09:38] {Threei} Long Setup: JNPR 17 break
[09:38] {Threei} fro scalpers stop under .90, for day traders under .80
[09:38] {ese} Long ebay .31
[09:38] {magoo} in
[09:39] {ese} out ebay .43 +.12
[09:39] {larisa} whats with PLD
[09:39] {Threei} no news
[09:40] {Threei} US) WHITE HOUSE'S ROMER: THERE IS NO QUESTION THE ECONOMY IS STILL SICK, STRONG ACTION STILL NEEDED
[09:40] {Threei} - Obama Administration policies are just starting to work, fiscal policy has a three to six month lag.
[09:40] {Threei} US DEPT OF LABOR'S SOLIS: UNCLEAR WHEN US WILL SEE A 'TANGIBLE' IMPROVEMENT IN JOBS - CNBC
[09:40] {Threei} hmm?
[09:41] {Threei} starting to work - may not see improvement in jobs?
[09:41] {Threei} I am yet to understand how that reconciles
[09:41] {cosmo} ...wit productivity
[09:41] {cosmo} with
[09:42] {dptl} in jnpr .00
[09:43] {nemo} in
[09:44] {Threei} RIMM
[09:44] {Threei} pullback into .40 - .50 zone for long entry
[09:44] {Threei} fast fingers only
[09:44] {nemo} not me then
[09:45] {magoo} pre mkt highs 63 area
[09:46] {Threei} if you caught it, start exiting here
[09:46] {magoo} in
[09:50] {ese} L AMAT pullback .60
[09:51] {nemo} jnpr holding in nas weakness
[09:51] {Threei} salmon
[09:51] {nemo} strong current though
[09:55] {Threei} CBST
[09:55] {Threei} no news...
[09:59] {Threei} CBST drop into .40 - .50 for entry, half lot
[10:00] {Threei} MAR ISM NON-MANUFACTURING COMPOSITE: 40.8 V 42.0E
[10:00] {dptl} stopped jnpr
[10:00] {Threei} yeah, lost will to live
[10:01] {nemo} stopped
[10:02] {Threei} CEDC, pullback into 14 for long entry
[10:03] {ese} out AMAT -.50 -.10
[10:04] {Threei} nice juicy offer at .10
[10:04] {Threei} gives us an idea for entry
[10:06] {dptl} where would be stop for cedc?
[10:07] {Threei} under what it forms as support on this pullback
[10:07] {Threei} LVS
[10:07] {Threei} .66 long
[10:07] {Threei} if holding above .55
[10:08] {nemo} cbst setting up a short vad?
[10:08] {Threei} not suree
[10:08] {Threei} I'd prefer long
[10:08] {nemo} big jump yesterday
[10:09] {Threei} everything did big jump yesterday...
[10:09] {nemo} yeah
[10:09] {Threei} unless you set to short market today, hat's npt the reason to short any given stock :)
[10:10] {nemo} no I'm looking at the chart on LASER
[10:13] {Threei} LVS setup changes
[10:13] {Threei} .56 if holding above .50
[10:14] {nemo} in lvs
[10:16] {dptl} in.58
[10:17] {Threei} not much enthusiasm...
[10:18] {Threei} come on LVS, enough games
[10:23] {Threei} no worky
[10:23] {dptl} stopped
[10:25] {fernp} long BAC if break .33, Vad?
[10:26] {Threei} not sure...
[10:26] {Threei} way too narrow today
[10:26] {Threei} would require serious market move to give anything worthy
[10:26] {Threei} and things fdon't seem too hot today so far
[10:26] {Threei} ratjer like market taking a breather
[10:27] {fernp} ok thanks
[10:27] {Threei} Long Setup: RIMM 59 break
[10:27] {Threei} if holding above 58.80
[10:28] {dptl} in
[10:28] {magoo} in
[10:30] {nemo} in
[10:32] {dptl} ahhhh...stopped
[10:32] {nemo} stopped
[10:32] {Threei} sidways action... not much works so far
[10:35] {nemo} jnpr building a range if we ever see strength
[10:37] {dptl} gild? short?
[10:38] {Threei} on .50 break?
[10:38] {Threei} could be
[10:38] {dptl} ye
[10:40] {ese} maybe I should tell you I'm swing trading again......I know I know...it's blasphemy but I'm Long FITB at .97...10000shs
[10:44] {ese} out .09 fitb
[10:44] {Threei} wtg
[10:44] {ese} +.12
[10:44] {ese} tks
[10:44] {Threei} not sure why you call it swing trading... sounds like typical scalp type I to me
[10:45] {Threei} GILD over 1:1
[10:45] {dptl} so fast didn't get it
[10:45] {ese} bought it at the open.......holding it too long...
[10:45] {dptl} try on pulol back may be?
[10:46] {Threei} if bounces into resistance, sure
[10:49] {dptl} ok in .48
[10:50] {dptl} stop over .60?
[10:50] {Threei} yeah
[10:50] {dptl} ok ty
[10:53] {Threei} sigh
[10:53] {dptl} stopped
[10:53] {Threei} no rythm to anything
[11:01] {magoo} anyone think mkts can go green today?
[11:01] {wulff} long RIMM .90
[11:01] {Threei} I think they will mags
[11:01] {magoo} hmmmmmm..today?
[11:02] {Threei} yup
[11:02] {wulff} too many anxious shorts still
[11:02] {magoo} whos more nervous to hold over weekend...bulls or bears?
[11:03] {Threei} bears, IMO
[11:03] {nemo} bears
[11:03] {wulff} I am bull and I am nervous
[11:12] {Threei} FAZ formed 18 - 18.20 range
[11:14] {ese} L
[11:15] {ese} FITB .04
[11:15] {ese} 10000 shs
[11:15] {Threei} nice
[11:15] {Threei} ese turns ionto hardcore scalper
[11:15] {Threei} what a transformation
[11:16] {ese} don't know about that......real tight stop though.... .02
[11:18] {dptl} cedc at .40 long??
[11:18] {Threei} wow
[11:19] {Threei} weren't we hunting for it between 14 and 14.10?
[11:19] {dptl} yeh
[11:19] {Threei} this is exit area
[11:19] {Threei} not entry
[11:20] {dptl} crm?
[11:21] {Threei} chart's right
[11:21] {Threei} day is not very conducive to breakouts
[11:21] {Threei} can't tell really
[11:21] {dptl} i see
[11:22] {dptl} i think i just trying to get all loses back as soos as posible
[11:23] {Threei} don't push
[11:23] {Threei} look at NQ
[11:23] {Threei} or DJI
[11:23] {Threei} do you see any pattern right now?
[11:23] {nemo} yeah, the patient is dead
[11:23] {Threei} FAZ tightened range to .10 .20
[11:24] {Threei} feels like .20 break should be tradeable
[11:24] {ese} back in about 15 min
[11:24] {Threei} stop under .10
[11:24] {dptl} in
[11:28] {dptl} stopped
[11:29] {wulff} you said yesterday "pullback is coming in lower volume"
[11:29] {wulff} Where do you check that?
[11:30] {Threei} in what?
[11:30] {nemo} RIM in a pretty consistent range so far
[11:30] {wulff} qqqq?
[11:30] {nemo} RIMM
[11:30] {wulff} Market...
[11:30] {Threei} NQ... QQQQ...
[11:33] {Threei} anyone played CEDC?
[11:33] {magoo} forgot about it
[11:33] {fernp} no here
[11:34] {nemo} nope
[11:38] {Threei} FISV
[11:38] {Threei} REPORTEDLY SEVERAL HUNDRED CLIENTS ARE SEEKING UP TO $1.0B FOR LOSSES DUE TO THE MADOFF SCANDAL
[11:38] {Threei} was FISV one of feeder funds?
[11:41] {wulff} Rimm consolidating
[11:42] {Threei} (US) PRESIDENT OBAMA: IF NATO BECOMES EVERYTHING, THAN IT IS NOTHING
[11:42] {Threei} very Zen
[11:47] {nemo} so, does rimm go through 59 again, or just a tease?
[11:47] {wulff} my powers of tea leaves say a tease
[11:47] {nemo} so far so good wulffy
[11:48] {Threei} NQ went green
[11:52] {Threei} wow PALM
[11:52] {Threei} elepet, you still have it?
[11:55] {ese} Back....and out FITB .16 +.12
[11:55] {Threei} wtg
[11:56] {ese} tks
[11:56] {Threei} made your monthly salary from the day job today eh?
[11:57] {ese} 1/2 of it.......thank you vad
[11:57] {Threei} :)
[11:58] {ese} I'm buying the vodka next time!
[11:58] {magoo} vad..u watching STT?
[11:58] {Threei} looked aqt it couple times
[11:58] {Threei} don't like it at all
[11:59] {magoo} oh..i was thinking bouncer
[12:01] {Threei} HIG is climbing
[12:01] {Threei} FED CHAIR BERNANKE: PROGRAMS DESIGNED TO BE UNWOUND; CLOSELY MONITORING BANKS LEVELS RESERVES; TALF ELIGIBLE SECURITIES LIKELY TO EXPAND
[12:01] {Threei} PLD is too
[12:01] {Threei} no clean setups on any
[12:02] {Threei} FED'S KOHN: THE FED WOULD LIKE TO HAVE THE OPTION TO ISSUE ITS OWN BILLS
[12:02] {Threei} huh?
[12:02] {nemo} Paper trading or Legal tender
[12:03] {nemo} Must be debt
[12:06] {Threei} pullbacks on PLD into .30 and on HIG into .25 would be interesting
[12:10] {Threei} PLD says yeah right
[12:11] {nemo} watching FAZ for bottom?
[12:11] {nemo} RIMM S 59 break?
[12:11] {nemo} double bottom on Faz
[12:11] {Threei} FAZ no
[12:12] {Threei} market feels to me like mostly climbing
[12:13] {Threei} HIG pulled back to .27
[12:13] {Threei} a bit too fast for confident entry
[12:23] {Threei} 12:21pm [DNDN] Ticking higher, hearing strength attributed to scheduling of talk on Provenge results at conference
[12:25] {dptl} pld?
[12:26] {Threei} canb't find any setups to read
[12:26] {Threei} general direction is more or less readable, entries aren't
[12:31] {magoo} aapl read here vad?
[12:31] {Threei} wow DNDN
[12:31] {magoo} if mkts go up i like it
[12:32] {Threei} you said it
[12:32] {Threei} what can I add
[12:33] {Threei} I'll be darned, DNDN looks like going to 6
[12:34] {Threei} ese... any new entry on FITB coming?
[12:35] {ese} hi vad........not sure.....wasn't watching...was doing up a math exam for one of my classes this afternoon
[12:36] {Threei} DNDN... any questions? lol
[12:36] {Threei} anyone just went for it?
[12:36] {ese} sold NVDA today as well for $3000 ...you may remember that I bought that back in October.....
[12:37] {dptl} cat?
[12:37] {Threei} yes, remember NVDA
[12:37] {ese} been a $5000 and a bit day
[12:37] {Threei} 6 on the nose DNDN
[12:37] {Threei} and above
[12:37] {nemo} going for 7 or 8?
[12:37] {Threei} don't know... 6 was very clear
[12:38] {dptl} cat?
[12:38] {Threei} it just goes iwht market dp
[12:38] {dptl} ok ty
[12:40] {Threei} strong pullback DNDN
[12:41] {ese} Vad.....I like to enter FITB after those long consolidations you make note of in the scalping book...ie from 11:00am to 11:34
[12:42] {ese} this morning
[12:42] {ese} sorry market time not victoria time
[12:50] {Threei} these sudden spikes on FITB after pullbacks indicate that it's far from over, IMO
[12:51] {Threei} DNDN stabilized
[12:51] {magoo} where u likeentry long?
[12:51] {Threei} I'd say 5.60 break if holding 5.50
[12:51] {magoo} i meant FITB
[12:52] {Threei} don't know on FITB
[12:53] {Threei} but DNDN is over 1:1
[12:53] {Threei} 1:2 I mean
[12:55] {Threei} I mean 1:3
[12:58] {Threei} if I say "I mean 1:4", any furniture will be thrown at me?
[12:58] {nemo} too far away....
[12:58] {nemo} I'll send you a virus laden jpg
[12:58] {Threei} anyone took it?
[12:59] {ese} can you actually put a virus in a jpeg?
[12:59] {nemo} Magoo Ill bet
[12:59] {nemo} yes ese
[12:59] {nemo} when you click on a jpg to view it, you're actually executing a program
[13:11] {magoo} vad..any read skf down here?
[13:14] {Threei} nah
[13:22] {vint} good afternoon all, looks like I missed some fun
[13:23] {Threei} not really vint
[13:23] {Threei} tough to read day
[13:23] {nemo} basically a "flossing with barbed wire" morning
[13:23] {vint} so it is one of those Fridays..i guess
[13:24] {Threei} yes, unless you caught those couple nice winners that were all but easy to catch
[13:26] {Threei} hmmm... I thought DNDN was done
[13:27] {ese} signing off....have a great weekend all....
[13:27] {Threei} take care ese, great job today
[13:28] {magoo} RIMM vad??
[13:29] {Threei} no idea
[13:30] {magoo} GS??
[13:31] {Threei} SEC: EVALUATING TWO OPTIONS SIMILAR TO THAT OF THE UPTICK RULE; WILL VOTE ON PROVISIONS ON APRIL 8
[13:31] {Threei} - Also considering options on retricting short sales
[13:31] {Threei} mags, what are you doing?
[13:32] {Threei} you really want me to start calling them all left and righta?
[13:32] {magoo} just want u take a look at them
[13:32] {magoo} give opinion
[13:32] {larisa} vad???
[13:33] {Threei} how about this:
[13:33] {Threei} I'll see you all on Monday
[13:33] {magoo} i think RIMM takes 60
[13:33] {larisa} just wanted to make you nervous with all these question marks :)
[13:33] {Threei} that's what they do
[13:33] {larisa} exactly
[13:33] {larisa} need to use them carefuly, both ?? and !!
[13:35] {Threei} trades either come to us or not. Last thing you need is to pressure me into calling what is not there
[13:36] {vint} I agree ..I had forced trade ahter hrs on RIMM..and burnt my fingers dearly
[13:36] {vint} yesterday
[13:36] {Threei} short?
[13:36] {vint} yep
[13:37] {Threei} ouch
[13:37] {vint} was too eager to jump on
[13:37] {vint} big lesson learned
[13:37] {nemo} Hey Vad, just asking for education, I see a short on RIMM if it falls below .80 but long if it goes over 60
[13:37] {Threei} arbitrary picking tops or bottoms...
[13:37] {magoo} i had i long after hours 51 cut 54..but way early
[13:38] {Threei} looks right to me, nemo - providing market supports at the moment
[13:38] {nemo} yes, thanks,
[13:39] {Threei} DNDN formed same setup once again
[13:39] {Threei} 5.50 - 5.60
[13:40] {nemo} that would be 3 times to the well
[13:40] {dptl} in dndn .63
[13:40] {Threei} it hit 1:1 while you were typing that, nemo {G}
[13:41] {nemo} well, today is officially my fault
[13:42] {nemo} just got rejected short selling rimm, huh
[13:42] {nemo} wrong routing
[13:43] {Threei} ?
[13:43] {Threei} how did you route it??
[13:43] {nemo} tried GETCO...bad idea
[13:45] {Threei} DNDN over 1:1
[13:46] {nemo} GILD moving too
[13:46] {Threei} this is third call on DNDN, all winners
[13:47] {Threei} granted, first one was tough
[13:47] {Threei} pure intuitive, no technical criteria
[13:47] {nemo} yeah, you didn't actually call that
[13:47] {Threei} but second and third were clean
[13:47] {nemo} You said, I think, "Did anyone...."
[13:47] {nemo} can't argue with the second 2 also, if it clears .80 back in volume supported of course
[13:48] {Threei} don't think... copy/paste:
[13:48] {Threei} [12:33] {Threei} I'll be darned, DNDN looks like going to 6
[13:48] {dptl} out .74 ..ty
[13:49] {nemo} Now, RIMM is headed for sixty, kinda' but pretty verticle, would it be better to see some consolidation under 60 first?
[13:50] {Threei} of course
[13:51] {Threei} don't buy into spike into resistance
[13:53] {nemo} jnpr
[13:53] {nemo} no volume though
[13:54] {Threei} if DND takes .80
[13:54] {Threei} most likely to go over 6 at some point today again
[13:54] {Threei} DNDN that was
[13:54] {Threei} entry here is scary
[13:54] {nemo} yep
[13:54] {Threei} but if gives us a pullback
[13:54] {dptl} still have 100 sh
[13:54] {Threei} will be worth considering again
[13:55] {Threei} try to hold them
[13:55] {Threei} not much damage if drops
[13:55] {Threei} I mean... 13 bucks?
[13:56] {Threei} over 1:2 btw
[13:57] {dptl} getting rimm at 60?
[13:58] {Threei} if market spikes, worth a try
[14:00] {_george70} hi
[14:00] {Threei} hi george
[14:00] {nemo} curious george-about the trading room?:)
[14:01] {Threei} DND, clearing .85 this time should take it to new range between .90 and 6
[14:01] {Threei} DNDN
[14:01] {dptl} in rimm
[14:02] {Threei} I don't see much help from NQ at the moment
[14:03] {Threei} I ptrefer this kind of plays on market spike and little delay for entry on your stock
[14:03] {Threei} DNDN is working hard
[14:04] {dptl} ahh....stopped...feels like i don't know what i am doing anymore
[14:04] {dptl} rimm that is
[14:04] {nemo} it was a trap
[14:05] {Threei} [13:58] {Threei} if market spikes, worth a try
[14:05] {Threei} why ignore the condition attached?
[14:05] {dptl} well..it looked like it was coming up and rim slowly broke
[14:06] {Threei} you want the lag play for these cases
[14:06] {Threei} WHITE HOUSE ADVISOR GOOLSBEE: NEW CEO HENDERSON 'EMBRACING' NEW CHANGE IN DIRECTION FOR THE COMPANY
[14:06] {Threei} anyone kniows what that new direction is?
[14:07] {nemo} liquidation?
[14:07] {Threei} gallow humor
[14:07] {nemo} jnpr has been salmoning again, kinda'
[14:08] {Threei} if it's "make small green cars whether people want to buy them or not" - that's what will finish GM off
[14:11] {larisa} green is color of hope :)
[14:11] {nemo} it's the color you turn when you're seasick too
[14:14] {Threei} FAZ... poor thing has no bottom
[14:15] {Threei} weird... looked like they would meet with FAS somewhere around 1-12
[14:15] {Threei} now it's more like 8
[14:15] {Threei} maybe 9
[14:18] {nemo} FAS forming C&H over last week
[14:19] {magoo} faz dishes out pain
[14:19] {nemo} hehehehehe
[14:20] {dptl} dndn
[14:25] {Threei} F EXEC: IT IS PREMATURE TO EXPECT AN AUTO INDUSTRY RECOVERY THIS MONTH
[14:25] {Threei} this mopnth?
[14:25] {nemo} fas looks like it might be topping
[14:25] {magoo} sheesh
[14:26] {Threei} who expected that anyway?
[14:26] {Threei} lol
[14:28] {magoo} vad quoteserver?
[14:29] {Threei} 7
[14:29] {magoo} ty
[14:29] {Threei} FAZ new 52 low
[14:29] {Threei} FITB is going to break .20
[14:36] {Threei} if I were smart today, we would have entered FITB around .10 with 5-10K shares
[14:36] {Threei} and let trade for .20 break
[14:36] {Threei} but I today am anaything but
[14:36] {Threei} excpet for DNDN trades
[14:37] {magoo} financialsstrong today
[14:39] {Threei} GM CEO: BANKRUPTCY HAS NOT BEEN RULED OUT - FT
[14:39] {Threei} - Note: Recently GM has noted there are many ways forward including pre-packaged bankruptcy, and willing to consider bankruptcy if they cant restructure out of court
[14:40] {Threei} where is dino... when in thw fall GM said suddenly "bankruptsy is not an option" we yelled in unison "that's the end of GM"
[14:41] {larisa} he is smart and playing golf today:)
[14:42] {Threei} gues with whom
[14:42] {Threei} my bet is, with Rick Wagoner
[14:42] {larisa} lol
[14:42] {Threei} who is smart too, and has all the time for golf he needs now
[14:43] {nemo} jnpr came all the way back and is up
[15:00] {Threei} DNDN!
[15:00] {Threei} no read from here dp
[15:00] {Threei} feel free to exit as you see fit
[15:01] {Threei} that was CNBC mention
[15:01] {dptl} amm......
[15:01] {Threei} this kind of things can wear off quickly
[15:01] {nemo} just a minute ago
[15:02] {nemo} need to keep an eye on it as a short
[15:02] {dptl} dont know what to say.......i was out earlier
[15:03] {dptl} can't beleive this
[15:03] {Threei} I thought we agreed you are holding last shares with original stop'
[15:03] {Threei} which was never hit
[15:04] {Threei} [13:54] {dptl} still have 100 sh
[15:04] {Threei} [13:55] {Threei} try to hold them
[15:04] {Threei} [13:55] {Threei} not much damage if drops
[15:04] {Threei} [13:55] {Threei} I mean... 13 bucks?
[15:04] {dptl} i was...and then it second time touched .63 i got out
[15:04] {Threei} US TREASURY HAS REPORTEDLY BEGUN TALKS WITH CHRYSLER ON POTENTIAL DEBT EXCHANGE
[15:06] {dptl} ah....need a break or somthing
[15:06] {nemo} see a short here on DNDN
[15:06] {Threei} I don't
[15:06] {Threei} not yet
[15:06] {Threei} it consolidates near the high
[15:07] {Threei} US TREASURY HAS REPORTEDLY BEGUN TALKS WITH CHRYSLER ON POTENTIAL DEBT FOR EQUITY EXCHANGE REQUIRED TO AVOID BANKRUPTCY AND MOVE FOWARD ON FIAT ALLIANCE
[15:07] {Threei} - Reminder the Fiat CEO recently commented that the alliance would allow US loans to repaid faster
[15:08] {Threei} OK, now that it retreated, watch for bounce back closer to high,
[15:08] {nemo} and then short the top of that
[15:08] {Threei} then breaking 6.10 for a short trigger
[15:08] {Threei} or what you said
[15:09] {Threei} depending on agressiveness
[15:09] {nemo} why .10?
[15:09] {Threei} that was support on first drop
[15:09] {Threei} kind of runied that setup now
[15:09] {Threei} ruined
[15:09] {Threei} too volatile for exact entries
[15:10] {Threei} amazing it gave us those two setups with merely 10 cents range
[15:11] {nemo} set up back?
[15:12] {Threei} no
[15:12] {Threei} quite muddy here
[15:12] {nemo} yeah, where'd that spike come from
[15:13] {nemo} you're upside down BB bottom
[15:17] {Threei} a lot of pressure in it
[15:18] {Threei} hate shorting this kind of runners while they are hot
[15:18] {nemo} Ehh...just short a few thousand over the weekend
[15:18] {nemo} NOT
[15:27] {Threei} looks like cooling down
[15:27] {Threei} .20 break short if stays under .30
[15:30] {dptl} in .18
[15:30] {nemo} broke too fast
[15:30] {Threei} over 1:1
[15:36] {magoo} like 4:1
[15:36] {Threei} DNDN
[15:36] {Threei} RESPONDS TO MARKET RUMORS; UNCLEAR WHY STOCK HAS PERFORMED AS IT HAS
[15:36] {Threei} rofl
[15:36] {nemo} guess when it consolidated for a moment above .10 was another entry...sheesh
[15:37] {Threei} this one I played like violin today
[15:37] {Threei} too bad that was the only one, lol
[15:37] {Threei} dp... tell me you just covered it
[15:37] {Threei} or still haven't
[15:40] {dptl} Vad....don't ask....today i did all posible mistakes....banging my self at the table ....i got out at brake even??????? don't know why
[15:41] {Threei} AFFIRMS PLANS TO RELEASE DATA BY END OF APRIL
[15:41] {Threei} - Notes it has no new data for its Provenge vaccine
[15:42] {Threei} if there is no new data, what is it they plan to release?
[15:43] {nemo} James Dendreon secured a late-breaker presentation slot for the Provenge study at the American Urological Association annual meeting, April 25-30.
[15:43] {nemo} A late-breaker presentation is offered for clinical trials or other research that are completed and submitted after the deadline for regular abstract submission is passed. While late-breaker presentation slots are usually reserved for important or high-profile research, they ARE NOT reserved solely for positive research. I have personally sat through many late-breaker presentations of failed clinical trials. In science, you can often learn
[15:43] {nemo} Since we already know that the Provenge data will be released later this month, the fact that the results will be presented at a scientific meeting at the end of the month doesn't tell you a whole lot about whether Provenge works or not.
[15:46] {Threei} what is that?
[15:46] {nemo} lifted from blogs on TSCM
[15:46] {Threei} oh boy
[15:46] {nemo} columnists. It might be much ado about nothing
[15:47] {nemo} guy name Adam Feuerstein-biotech guy (supposedly)
[15:49] {Threei} so far, market consolidates for rally continuation
[15:49] {wulff} not too often you have said that
[15:49] {Threei} barring news, next week should be just that
[15:50] {Threei} well... how long was it since we had anything remotely reminding rally... :)
[15:50] {nemo} yesterday
[15:51] {dptl} wheuuuu...out mga +.44.......almost flat...saved the day..but ......
06[15:52] * Threei slaps dptl around a bit with a large list of mistakes he already made and doesn't have to repeat on monthly basis
[15:53] {dptl} yeah...can i get that slap on daily basis,so i can remeber lol
[15:55] {fernp} have a nice weekend all. see you on monday
[15:55] {wulff} banks really strong, but index up small
[15:55] {wulff} dow and NQ
[15:55] {Threei} take care fern
[15:55] {Threei} yes wulff
[15:55] {Threei} breather day
[15:56] {Threei} less volume, no new highs, but finishing in greeen
[15:56] {Threei} putting bears on a very short leash
[15:57] {wulff} FAz at new low
[15:57] {dptl} have a good weekend all....
[15:57] {Threei} take care dp
[15:58] {Threei} [11:01] {magoo} anyone think mkts can go green today?
[15:58] {Threei} [11:01] {Threei} I think they will mags
[15:58] {Threei} [11:01] {magoo} hmmmmmm..today?
[15:58] {Threei} [11:02] {Threei} yup
[15:58] {wulff} bank squeeze at close
[15:59] {Threei} [11:02] {magoo} whos more nervous to hold over weekend...bulls or bears?
[15:59] {Threei} [11:03] {Threei} bears, IMO
[15:59] {larisa} see you monday guys :)
[16:00] {Threei} thank you all
[16:00] {Threei} have a good weekend
[16:00] {magoo} ty all
[16:00] {Threei} see you on Monday for rally continuation
[16:00] {nemo} P&Q
[16:00] {wulff} Later.
