That was really trying day. Nothing happened all too long - win here, stop there, FAS, WFC, RIMM, FAZ, GS, UAUA... Took a lot of time to finally get our play for +70 on RIMM and finish the day in the green.
Session Time: Tue Apr 07 00:00:00 2009
[07:55] {Threei} PIMCO'S EL-ERIAN: AMERICAN CONSUMER WILL RETURN, BUT IN A MORE RESTRAINED FASHION; GOVERNMENT BONDS ARE "NOT WORTH OWNING" -CNBC
[07:55] {Threei} - Unemployment is "Not a backward indicator"
[07:55] {Threei} - Reiterates that PIMCO remains very underweight on equities. Fears pepole are getting "sucked in" to equities after seeing big 25% increases.
[07:55] {Threei} - Would not be surprised if equities retested lows.
[07:55] {Threei} - Mortgage-backed, corporate and muni bonds are attractive.
[07:55] {Threei} - Fed's corporate paper program has been successful.
[08:24] {larisa} good morning :)
[08:25] {Threei} larisa :)
[08:25] {larisa} threei :)
[08:26] {Threei} F gapped down into 3.50 support
[08:27] {Threei} will be interesting for open break play if copnsolidates close to it
[08:27] {Threei} tight stop, and nice potential if market regains strength
[08:37] {cosmo} SPIL
[08:37] {Threei} RU) RUSSIAN CENTRAL BANK: STEPS TOWARDS THE CREATION OF A BAD BANK ARE STILL POSSIBLE
[08:37] {Threei} sure... but they seem to be creating themselves quite well
[08:38] {Threei} VVUS
[08:38] {Threei} LAZARD INITIATES VVUS WITH BUY
[08:39] {nemo} gm all 3i
[08:39] {Threei} nemo :)
[08:41] {cosmo} SPIL has announced Monday after the close, up revenues of 29% for March,
[08:41] {cosmo} month over month
[08:42] {cosmo} careful...Cramer
[08:42] {Threei} and
[08:42] {Threei} 04/06/09 06:15pm [SPIL] Positve Mad Money Mention - CNBC
[08:42] {cosmo} :)
[08:42] {cosmo} sigh
[08:43] {Threei} VP BIDEN ADVISOR ALTMAN: GM BANKRUPTCY COULD TAKE A YEAR AND A HALF
[08:43] {Threei} to start? or to end?
[08:44] {patience} good morning RT :)
[08:45] {Threei} patience :)
[08:48] {Threei} HIG??
[08:48] {nemo} Everybody expected the rally, so it's hiding
[08:49] {Threei} what the hell just happened on HIG?
[08:49] {pita} gm all
[08:49] {Threei} pita :)
[08:49] {nemo} somebody hit the buy button accidentally...I understand
[08:49] {Threei} that ought to be one fat finger
[08:50] {Threei} anyway, yesterday's high is 9.52, and there is a big sell order at .54
[08:50] {Threei} something to watch
[08:55] {Threei} BROADPOINT AMTECH POSITIVE ON AEROSPACE AND DEFENSE SECTOR
[08:55] {Threei} - Firm believes LMT, GD, and RTN all have further upside from current levels based on the program decisions released by Gates. A recovery to a P/E multiple of 10x calendar 2010 estimates is very reasonable.{LMT GD RTN}
[08:58] {fernp} Hello everybody
[08:58] {Threei} fern :)
[09:00] {Threei} GM
[09:00] {Threei} IMCO'S EL ERIAN: ODDS OF GM BANKRUPTCY NOW ABOVE 50% - CNBC
[09:00] {Threei} now?
[09:00] {nemo} such a diplomat
[09:00] {Threei} dino and I pegged it at 100% in the fall when GM said "bankruptce is not an option" - before anyone even asked
[09:06] {Threei} 6.20 is FAS support from two days before yesterday
[09:10] {cosmo} DNDN again?
[09:10] {Threei} shrug
[09:11] {cosmo} gotcha
[09:11] {Threei} speculation on upcoming FDA ruling
[09:11] {Threei} get caught in it long if FDA says no, make sure wife doesn't see your trading account statement for a year
[09:11] {cosmo} 7.35 spike
[09:12] {Threei} or you are in the dighouse
[09:12] {Threei} doghouse
[09:13] {cosmo} she's in the doghouse already for her real estate habit...
[09:13] {Threei} ah... well, that could be her get out of jail card then
[09:13] {Threei} my favorite part from DNDN statement:
[09:14] {Threei} affirms plans to release data by end of April
[09:14] {Threei} - Notes it has no new data for its Provenge vaccine, notes it remains unclear whether it will present any data or not at the conference.
[09:14] {Threei} yes, no and maybe in one line
[09:14] {Threei} beauty
[09:18] {ese} good morning
[09:18] {Threei} ese :)
[09:19] {Threei} so far on watch
[09:19] {Threei} FAS and F, both gapped down into support
[09:20] {Threei} HIG
[09:20] {Threei} WFC. forms pre-market C&H
[09:20] {Threei} with 14.80 being break level
[09:20] {ese} funny first statement... says,,,"Topic set by Threei!Reality..."TRAGIC" whats that all about vad....something your not telling us?
[09:21] {Threei} hmm?
[09:21] {vinod} good morning to all
[09:21] {Threei} vinod :)
[09:21] {dino} gm all
[09:21] {ese} whats so vin
[09:21] {Threei} dino :)
[09:22] {Threei} topic I set is at the blue bar
[09:22] {elepet} good morning
[09:22] {ese} ele
[09:24] {cosmo} BLUD pre mkt high = 26 fwiw
[09:24] {Threei} elepet :)
[09:24] {cosmo} 26.29 spike
[09:26] {Threei} [08:26] {Threei} F gapped down into 3.50 support
[09:26] {Threei} [08:27] {Threei} will be interesting for open break play if copnsolidates close to it
[09:26] {Threei} [08:27] {Threei} tight stop, and nice potential if market regains strength
[09:27] {Threei} same for FAS if holding .20
[09:27] {dptl} good morning
[09:27] {Threei} dp :)
[09:28] {magoo} sfmsjf;k';ptb;kjsFJ:
[09:28] {Threei} you think?
[09:28] {ese} mornin dp
[09:28] {Threei} oh, btw, dino... you'll enjoy this:
[09:28] {Threei} [09:00] {Threei} IMCO'S EL ERIAN: ODDS OF GM BANKRUPTCY NOW ABOVE 50% - CNBC
[09:28] {Threei} [09:00] {Threei} now?
[09:28] {Threei} [09:00] {nemo} such a diplomat
[09:28] {Threei} [09:00] {Threei} dino and I pegged it at 100% in the fall when GM said "bankruptce is not an option" - before anyone even asked
[09:29] {dino} lol, same old same old, just like banks didn't need to raise capital
Session Close: Tue Apr 07 09:29:15 2009
Session Start: Tue Apr 07 09:29:30 2009
Session Ident: #discussions
03[09:29] * Now talking in #discussions
[09:29] {Threei} eqzaktly
[09:30] {Threei} Long Setup: WFC .80 break if stays above .70
[09:31] {Threei} bounce candidate now off .50
[09:31] {Threei} .60 break ,ong
[09:31] {Threei} if holding .50
[09:33] {Threei} quick 1:1
[09:34] {magoo} out .71 TY
[09:34] {Threei} let's see if we get double bottom on FAS
[09:35] {Threei} want littgle pullbacl, holding .20, then break of the high of this bounce
[09:35] {Threei} come on FAS, one more little pullback please
[09:36] {Threei} Long Setup: FAS .27 if holding .20
[09:36] {Threei} good boy
[09:36] {Threei} 1:1
[09:36] {Threei} half out
[09:36] {magoo} missed
[09:36] {nemo} missed
[09:37] {Threei} more weakness in the market
[09:37] {Threei} stop to .24 for the balance
[09:38] {Threei} awww
[09:38] {Threei} F got away
[09:38] {Threei} what a bounce
[09:39] {nemo} RIMM diving
[09:39] {Threei} ZIXI
[09:39] {Threei} SELECTED BY HOUSTON HEALTHCARE FOR EMAIL ENCRYPTION SERVICE
[09:39] {Threei} Chaeron's favorite stock
[09:39] {Threei} this and LULU
[09:39] {Threei} both because of Mopassan-sounding names
[09:41] {Threei} out FAS
[09:42] {Threei} maybe just a shake but it's unclear here
[09:42] {Threei} want to wait it out
[09:42] {magoo} down 150
[09:42] {magoo} 30 comp
[09:42] {Threei} Long Setup: WFC .70 break if holding above .60
[09:43] {dptl} in
[09:43] {magoo} in
[09:45] {magoo} 'keep eye RIMM vad
[09:45] {Threei} (US) REPORTEDLY US PRES OBAMA IS MAKING SURPRISE VISIT TO IRAQ (LEFT TURKEY EARLIER IN EUROPEAN SESSION)
[09:47] {ese} l fnfg .50
[09:48] {Threei} F fast drop
[09:50] {ese} out fnfg .65 +.15
[09:51] {nemo} ese been enfuego
[09:51] {dptl} stopped wfc
[09:51] {Threei} WFC no worky this time
[09:51] {ese} whats enfuego?
[09:52] {Threei} RIMM is almost read
[09:52] {Threei} .60 break long
[09:52] {Threei} if stays above .40
[09:53] {nemo} too fast
[09:53] {magoo} in
[09:53] {nemo} what you in a magoo
[09:53] {magoo} rimm
[09:53] {nemo} at what price
[09:53] {magoo} .63
[09:54] {magoo} [09:52] {&Threei} RIMM is almost read
[09:54] {nemo} fast fingers
[09:54] {magoo} [09:52] {&Threei} .60 break long
[09:54] {nemo} yeah saw it couldn't grab it
[09:54] {magoo} lucky u
[09:56] {Threei} so far forms double bottom
[09:56] {magoo} need mkt
[09:56] {Threei} as always
[09:56] {magoo} yup
[09:57] {magoo} only half lot here
[09:57] {ese} LSCHW .65
[09:58] {Threei} holding better on this market pullback
[09:58] {Threei} come on
[09:58] {Threei} this time should be it
[10:00] {Threei} APRIL IBD/TIPP ECONOMIC OPTIMISM: 49.1 V 45.8E
[10:00] {Threei} optimism pours overboard
[10:00] {Threei} nice to see
[10:01] {Threei} GS CEO: EXECUTIVE COMPENSATION SHOULD DISCOURAGE EXCESSIVE RISK TAKING
[10:01] {Threei} fiiinally
[10:01] {Threei} over 1:1, half out
[10:02] {Threei} scalpers take profit
[10:02] {Threei} RIMM sure took its sweet time
[10:02] {Threei} stop to .55 for the balance
[10:03] {Threei} ese
[10:04] {Threei} you may want to look at F
[10:04] {Threei} moves somewhat in a way that atracted you to FITB
[10:06] {Threei} scalpers win on RIMM
[10:06] {ese} tks will do
[10:07] {nemo} fas heading for support
[10:07] {pita} next support RIMM?
[10:07] {Threei} HIG is getting interesting
[10:07] {Threei} RIMM's support is still .40
[10:08] {Threei} never violated it
[10:08] {ese} want schw to get it's &^%&^ up there
[10:08] {Threei} in fact it forms the same setup once again
[10:09] {Threei} invalidated now
[10:09] {Threei} don't touch RIMM for now
[10:12] {dino} ice up
[10:13] {dino} amed wants green
[10:13] {dino} watch afam off it, imo
[10:13] {dino} cb, trv holding
[10:14] {Threei} Long Setup: UAUA .80 break
[10:14] {cosmo} FAS holds 6.20 so far
[10:14] {Threei} stop under .70
[10:14] {ese} bought some more schw avg .63
[10:14] {Threei} for extreme scalpers under .75
[10:14] {dptl} in
[10:15] {dptl} uaua
[10:16] {nemo} hig
[10:16] {Threei} HIG stalled a bit
[10:17] {Threei} .80 is resistance to break, but it doesn't look too jazzed at the moment
[10:17] {vint} good morning all
[10:18] {Threei} vint :)
[10:18] {nemo} out uauau
[10:19] {cosmo} FAS range = 6.20 - 6.35 fyi
[10:20] {dino} 7776, 1252, 811 thurs gaps
[10:21] {Threei} market feels ready to reverse to the upside to me
[10:22] {cosmo} FAS tests 6.35 hod soon
[10:22] {Threei} RIMM
[10:22] {Threei} .10 break long
[10:23] {Threei} stop under .90
[10:23] {dptl} in
[10:23] {dino} sm l afam .67
[10:24] {magoo} in rimm
[10:25] {Threei} 1:1
[10:25] {Threei} half out'
[10:25] {dptl} out ty
[10:25] {Threei} scalpers know what they want from life
[10:26] {cosmo} blud?
[10:26] {cosmo} nah
[10:26] {larisa} so thin, was looking at it under 24 and could not :)
[10:26] {Threei} stop to .05 for RIMM balance
[10:27] {dino} schw l .55
[10:27] {dino} joining you es
[10:27] {magoo} wfc back to high
[10:27] {Threei} argh
[10:27] {Threei} forgot about WFC
[10:28] {Threei} .65 break was clean long trigger
[10:28] {Threei} fas
[10:29] {Threei} C... hate to chase this high, and not getting any meaningful pullback
[10:30] {nemo} akam
[10:31] {magoo} read AAPL vad?
[10:32] {Threei} long
[10:32] {Threei} no exact trigger
[10:32] {dino} bulls on parade
[10:34] {nemo} another trigger on RIMM above .35?
[10:34] {dptl} Vad you still in uaua?
[10:34] {Threei} yes
[10:34] {Threei} getting tired of it though
[10:34] {Threei} maybe scratch it
[10:34] {dptl} yeah
[10:34] {Threei} mostly to free hands
[10:35] {Threei} PLD
[10:35] {Threei} this thing tends to sit quietly, then climb big
[10:36] {Threei} if market does of course
[10:36] {Threei} .60 - .70 range
[10:36] {dino} afam gap filled from thurs
[10:37] {Threei} look who is back in play... JNPR
[10:43] {dino} blud fast drop
[10:43] {cosmo} blud, spil done imo
[10:44] {dino} you in?
[10:45] {cosmo} n
[10:46] {larisa} AMLN nice chart today
[10:46] {dino} taking a small drink of blub .70
[10:47] {dino} blud
[10:47] {larisa} :)
[10:48] {Threei} JNPR... just when I started typing alert
[10:48] {Threei} GM
[10:48] {Threei} IN INTENSE, EARNEST PREPARATIONS FOR POTENTIAL BANKRUPCY FILING
[10:48] {Threei} {F}
[10:48] {Threei} GS CEO: MONEY GRANTED TO WALL STREET WAS NEVER MEANT TO BE PERMANENT, FIRMS HAVE OBLIGATION TO PAY BACK FUNDS ASAP
[10:49] {dino} indeed otherwise obamination will tell you what to do
[10:49] {nemo} Yeah, but who knows exactly how much they got, and how will AIG ever pay anything back
[10:49] {dino} aig is now usaig
[10:51] {Threei} but dino... they run into problems trying to return the money
[10:51] {Threei} government doesn't want to take it back
[10:51] {dino} i know congress wants to rule them
[10:51] {cosmo} yea...nobody wants it
[10:52] {dino} massive liberal power grab (no free lunch)
[10:52] {Threei} under the wise sounding cover of "antibiotics have to work their way fully"
[10:52] {nemo} RIMM maybe test support
[10:52] {Threei} amazing isn't it
[10:53] {Threei} I know this method of gaining control from whose do you think methods?
[10:53] {Threei} mafia
[10:53] {nemo} mafia
[10:53] {nemo} hehehehe
[10:53] {Threei} neno knows stuff
[10:53] {Threei} :)
[10:53] {nemo} I'm a guinea, what can I say
[10:54] {dino} lol
[10:55] {dino} and i am McDino
[10:55] {nemo} I'm half mc too
[10:55] {nemo} worst of both worlds
[10:56] {Threei} we got the timing of market reversal right, but I can't say I am fully happy with how we utilized it
[10:56] {ese} Schw just hangin there and doin nutun but driving me nuts
[10:56] {Threei} RIMM was nice, but missed WFC completely
[10:56] {Threei} missed JNPR
[10:56] {dptl} stopped uaua
[10:56] {Threei} I thought you scratched it long ago
[10:57] {Threei} while it hanged out right under .80
[10:57] {dptl} well kept original stop
[10:57] {Threei} f
[10:58] {Threei} likely to lose .50 this time
[10:58] {dino} schw es, hard stop, forget it and let it trade imo
[10:58] {Threei} watching for possible panic selling
[10:58] {nemo} lot of toppy charts out their
[10:58] {dptl} not shorting though? f
[10:59] {Threei} could be but just for a smallscaklp most likely
[10:59] {dptl} i see
[10:59] {Threei} overall, feels like more promising on a long side
[11:00] {dino} blud stopped -.33
[11:02] {Threei} SEC will announce their new shorting rules tomorrow
[11:02] {Threei} yet market is not in a mad rush to cover
[11:03] {Threei} most likely non-event
[11:03] {Threei} but be aware of possible execution problems while brokers adjust their software
[11:05] {pita} next support RIMM?
[11:06] {magoo} .30 area is resistance rimm
[11:07] {Threei} at the moment, 61... next 60.80
[11:09] {dino} chtt sm l .99
[11:11] {dino} blud blood
[11:11] {wulff} expected if it were going to sell off
[11:12] {wulff} it would have already
[11:12] {nemo} fas a short if it breaks .44?
[11:12] {nemo} or FAZ a long...
[11:12] {Threei} I'd rather go with FAZ
[11:13] {Threei} a bit more room for profit
[11:14] {Threei} 1 cent downtick FAS, 6 cents uptick FAZ
[11:16] {dino} ice strong today, delayed reaction
[11:22] {pita} PLD?
[11:22] {Threei} not sure... things stalled
[11:23] {Threei} (GE) GERMAN PRESIDENT SIGNS LAW PERMITTING FORCED NATIONALIZATIONS OF BANKS
[11:25] {ese} finally!!!! schw
[11:26] {ese} baaaaa humbug..
[11:26] {Threei} nothing really happens... meaningless up and down within very narrow range
[11:27] {ese} yup.......see you all in an hour and a bit....have to go and teach a class
[11:27] {Threei} we'll be here
[11:28] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:29] {Threei} wow]'
[11:29] {Threei} RIMM
[11:29] {nemo} yep
[11:30] {Threei} long closer to .10 - .15
[11:31] {dino} online ed's bloody
[11:31] {dino} esi, apol, cpla, ceco
[11:33] {Threei} RIMM bottomed out too high on pullback
[11:33] {Threei} I am not delighted by idea of buying .50 break
[11:34] {Threei} unless it consolidates a bit
[11:34] {magoo} sometimes u just gotta GO
[11:34] {magoo} in
[11:34] {Threei} nah
[11:34] {Threei} not for me
[11:35] {magoo} just do it..we all did lol
[11:35] {Threei} TARP INSPECTOR GENERAL BAROFSKY: REVIEWING AIG'S PAYMENTS TO BANKS
[11:35] {Threei} uh oh
[11:36] {Threei} {banks, together} what to review?? payments, they are just that... payments...
[11:36] {nemo} Busy work so it looks like government does something important
[11:39] {Threei} bounce RIMM
[11:39] {Threei} 61 break
[11:39] {magoo} i hate when u are right when i go against ya :)
[11:39] {Threei} if holding 60.90
[11:39] {Threei} sorry
[11:40] {Threei} i hate when u are right {--- guess who you quoted
[11:40] {nemo} invalumdited
[11:40] {nemo} invalumadated
[11:40] {Threei} yes
[11:40] {nemo} indicted
[11:40] {nemo} no
[11:41] {Threei} valid again
[11:41] {dino} out chtt .09, +1.10
[11:41] {Threei} same condition
[11:41] {Threei} wtg dino
[11:41] {larisa} gj
[11:41] {dino} :)
[11:42] {dptl} in .03
[11:43] {nemo} in .02
[11:44] {dino} out afam flat
[11:44] {dptl} stopped
[11:45] {nemo} stopped
[11:45] {dino} mkt tanking
[11:45] {Threei} yup
[11:49] {Threei} BIIB... takeover rumor
[11:49] {dino} biib
[11:49] {dino} opps
[11:50] {dino} awww sh#t chtt
[11:54] {dino} afam tricked me
[11:54] {wulff} Rimm Vad?
[11:55] {Threei} not sure
[11:56] {Threei} market hasn't defined direction yet
[11:56] {Threei} reversal or continuation down are equally likely
[11:57] {Threei} F
[11:57] {Threei} MOODY'S REVISES PROBABILITY OF DEFAULT RATING TO CAA3 FROM CA; OUTLOOK NEGATIVE
[11:57] {Threei} - Raises long term rating on secured term loan to Caa1 from Ca
[12:01] {Threei} REPORTEDLY US TREASURY WANTS BANK STRESS TESTS RESULTS HELD UNTIL END OF APRIL, AT THE EARLIEST
[12:02] {Threei} watching GS for long entry on pullback to 118
[12:03] {dino} afam l .80
[12:03] {Threei} ICE
[12:03] {Threei} HEARING ADDED TO CONVICTION BUY LIST AT GOLDMAN SACHS
[12:11] {Threei} sheesh GS
[12:13] {Threei} no news on financials
[12:14] {Threei} not sure what's got into them
[12:14] {Threei} a bit too sudden for just a technical move
[12:15] {dino} ms % wise bigger
[12:26] {Threei} swamp... nothing to read
[12:29] {dino} supx
[12:29] {dino} too thin
[12:29] {Threei} PREVIEW: TREASURY'S $6B 10-YEAR TIPS AUCTION RESULTS DUE OUT JUST AFTER 1PM ET
[12:29] {Threei} - prior auction bid-to-cover was 2.48 times with an average of 2.02 over the last 10
[12:29] {Threei} - indirect bidders at 47.3% of competitive bids at Jan auction
[12:30] {dino} rrgb
[12:32] {dino} out afam .94 +.14
[12:33] {Threei} GM is building Segway for two...
[12:33] {Threei} that for sure will help them out
[12:34] {dino} i know, cnbc pushing it, and i'm thinking no wonder they are in trouble, stupid reporters
[12:35] {dino} and the govt wants them to mke hybrids that nobody buys
[12:35] {dino} great plan
[12:35] {Threei} yup
[12:35] {Threei} very green and very baknrupt
[12:37] {dino} govt doesn't get it, it's not about feeling good, it's about money, plain and simple
[12:37] {Threei} not for socialists, tree0huggers and do-gooders
[12:37] {larisa} I think it is romantic, Segway for two
[12:37] {Threei} and dino... get with the program... capitalism discredited itself, havnen't you heard?
[12:38] {Threei} Larisa... you see this thing on TV?
[12:38] {dino} yeah, 200+ years thrown out because on 6 months of tough recession
[12:39] {dino} not even as nice as a golf cart
[12:40] {dino} lod's
[12:40] {Threei} I want larisa to look at it, then look me in the eyes and repewat that it looks romatic
[12:40] {larisa} I do not have TV vad
[12:40] {larisa} or house.. i am poor
[12:40] {dino} i guess because you have to sit on each other
[12:40] {Threei} oh
[12:40] {larisa} all i want is segway
[12:40] {larisa} right dino
[12:40] {Threei} you could glue 300 rose bushes on it, and it still wouldn't look anywhere near romantic {G}
[12:41] {Threei} I mean... Aztek would look beautful next to this thing
[12:41] {dino} i'd rather a segway too larisa
[12:42] {nemo} That's a lot of thorns 3i
[12:42] {larisa} he likes pain
[12:42] {Threei} mostly to deliver...
[12:42] {dino} hmmmmmm
[12:42] {larisa} lol
[12:43] {Threei} and btw, so you wouldn't feel bad, my house is not much to look at either:
[12:43] {Threei} http://realitytrader.com/vad/h.jpg
[12:43] {larisa} this is romantic!!
[12:44] {Threei} and the view is unobstructed
[12:44] {nemo} for everybody
[12:44] {larisa} lol
[12:44] {Threei} right
[12:44] {nemo} too visceral
[12:46] {Threei} feels like one little pullback, then upward move
[12:48] {dino} 12:50 up
[12:49] {Threei} GS 119 break long
[12:49] {Threei} if stays above .80 - .85
[12:50] {ese} there it is again.....TRAGIC topics set by Threei......
[12:50] {Threei} huh?
[12:50] {Threei} where do you see that?
[12:51] {ese} Topic set by Threei!RealityTra@jtc-fabf3b6e.gv.shawcable.net on Tue Apr 07 2009 05:47:49 GMT-0700 (Pacific Daylight Time)
[12:51] {ese} am messin with the last word first line
[12:51] {Threei} lol
[12:52] {ese} shere does that come from......
[12:52] {ese} where
06[12:52] * Threei kicks GS in the rear
[12:52] {ese} too funny
[12:53] {nemo} stopped
[12:53] {Threei} still swamp...
[12:53] {dptl} ahh...stopped gs
[12:57] {Threei} grrr
[12:57] {Threei} shakeout
[12:58] {dino} whats this "swamp" talk
[12:59] {nemo} RIMM seems to have bottomed
[13:00] {Threei} that was rude GS
[13:00] {magoo} like you have said..best to take pullbk on it
[13:01] {dino} in bears we wait
[13:01] {ese} indeed
[13:01] {Threei} US TREASURY'S $6B 10-YEAR TIPS BID-TO-COVER RATIO: 2.25 V 2.48X PRIOR AND 2.02 AVG OVER THE LAST 10 AUCTIONS
[13:02] {Threei} - indirect bidders take 26.2% of competitive bids
[13:02] {Threei} - notes draw 1.58% with 46.5% alotted at the high{TLT}
[13:03] {Threei} market no likey
[13:05] {Threei} incredible boredom
[13:05] {Threei} low volume, slightly red
[13:06] {Threei} if we finish like this, more and more looks like serious rally brewing
[13:07] {dino} beating continues on the online eds, apol, esi, ceco, cpla
[13:07] {dino} esi-10+
[13:08] {dino} below 50 ma vol.
[13:08] {Threei} FDA REPORTEDLY PROPOSING TO DELAY MAD COW RULES
[13:09] {dino} vad, you ever check out; www.sharkinvesting.com/volume.aspx
[13:09] {Threei} why? cows don't want any tules?
[13:09] {Threei} no... lemme look
[13:11] {Threei} nice chart
[13:11] {Threei} I like the visual representation
[13:11] {dino} me 2
[13:12] {dino} wynn
[13:13] {Threei} GOOG CEO: UNCLEAR HOW DEEP OR HOW LONG RECESSION MAY ENDURE - CONVENTION COMMENTS
[13:13] {Threei} no?
[13:13] {Threei} wow... and we thought it was easy
[13:15] {Threei} interesting how financials are relatilvely strong
[13:21] {larisa} they are drunk frogs in the bog
[13:21] {Threei} lol
[13:21] {Threei} nice image
[13:26] {nemo} you see a rally brewing 3i?
[13:26] {Threei} ?
[13:26] {nemo} You said that earlier, I think, still have the same feeling?
[13:26] {Threei} see the condition attached?
[13:27] {nemo} I'll look
[13:27] {Threei} [13:06] {Threei} if we finish like this, more and more looks like serious rally brewing
[13:27] {magoo} finish
[13:27] {nemo} gotcha
[13:28] {dino} feel that thurs. gaps will fill for dji, s/p
[13:28] {Threei} wow LVS
[13:28] {Threei} serious selling pressure
[13:28] {Threei} what a difference a day makes
[13:29] {dino} wynn -4+
[13:31] {dino} dji filled
[13:38] {Threei} this is beyond boring
[13:38] {Threei} and fruitless
[13:38] {Threei} I didn't expect such sustained seling today
[13:38] {nemo} expectations
[13:38] {dino} perhaps you expect too much
06[13:39] * Threei slaps dino around a bit with a large expectations, starting with DOW 14,000
[13:40] {dino} lol
[13:40] {Threei} what... that too too much?? :)
[13:43] {Threei} FAZ bounce scalp .41 long with .45 stop
[13:43] {Threei} 50/50 play
[13:43] {Threei} sorry, .35 stop
[13:46] {dptl} cat?
[13:47] {Threei} prettu much market dependent
[13:47] {Threei} .45 short or .51 long
[13:47] {dptl} ok ty
[13:50] {Threei} out FAZ
[13:50] {Threei} 1:1
[14:07] {Threei} (GE) GERMAN GOVT INCREASING CAR SUBSIDIES TO 5B
[14:07] {Threei} KS... gearing to buy new BMW?
[14:11] {dino} rrgb l .00
[14:16] {larisa} what a day, too much work for 10 cents
[14:16] {Threei} no kidding
[14:17] {dino} chtt back down
[14:21] {Threei} RIMM, pullback closer to .50 interesting for bouble bottom attempt
[14:23] {Threei} looks to me like going back to 60 and above... finding entry is a challenge though
[14:26] {magoo} mkts vad into close??
[14:27] {Threei} up
[14:27] {Threei} won't go green, mind you
[14:27] {larisa} would be nice if we could finish -40 :)
[14:27] {Threei} but should stage a bounce into close
[14:27] {magoo} GS might hit 120 magnet
[14:28] {Threei} and RIMM should go about 60.20 -.30
[14:28] {magoo} took rimm .60
[14:29] {Threei} this digestion is a killer
[14:29] {Threei} just won't get resolved
[14:30] {dino} more like indigestion
[14:30] {Threei} lol
[14:34] {Threei} looks better RIMM
[14:34] {Threei} probably not done dancing yet
[14:35] {Threei} but at least indicates some resemblense of strength
[14:35] {nemo} if it keeps the range are you looking for a break of .80 plus market of course
[14:36] {Threei} as entry? no, too high
[14:38] {Threei} lost support
[14:38] {Threei} no read again
[14:39] {Threei} JAVA
[14:39] {Threei} BOARD MEMBERS REPORTEDLY MEETING TOMMOROW OVER IBM TALKS; HAD UNANIMOUSLY REJECTED OFFER
[14:39] {Threei} why are they meeting then?
[14:39] {Threei} to slap each other backs in self-congratulatory joy?
[14:42] {dino} celebrate keeping their board seats
[14:49] {Threei} amazing how market just hibernates today
[14:51] {Threei} okay... time for recovery, market
[14:52] {Threei} digestion is almost over
[14:53] {nemo} frickinfakeouts
[14:56] {Threei} PREVIEW: FEB CONSUMER CREDIT DUE OUT AT 3PMET
[14:56] {Threei} ** consensue expectation -$3.0Be v +$1.8B prior
[14:57] {Threei} C
[14:58] {Threei} picks up some buying, with volume
[15:00] {Threei} *FEB CONSUMER CREDIT: -$7.5B V -$3.0BE
[15:00] {Threei} yikes
[15:01] {nemo} Meredith whitney talked about that, how the banks will be yanking a ton of credit
[15:01] {Threei} I am not sure which it is, banks yanking credit or consumers cutting borrowing
[15:02] {nemo} Banks are definitely cutting credit. AMEX is paying people to close their accounts
[15:03] {Threei} Canada is on different planet then
[15:03] {dino} rrgb stop to .04
[15:03] {Threei} offers of new credit cards and lines flow non-stop
[15:03] {nemo} where are you from Dagoba
[15:05] {wulff} where are your powers of market persuasion?
[15:05] {Threei} gotta just start trying RIMM
[15:05] {Threei} .60 break
[15:05] {nemo} use the frickinforce will you VadER
[15:05] {Threei} be ready for multiple tries
[15:06] {Threei} markrt didn't make new low on this last piece of bad news
[15:06] {Threei} tried to spike vertically just before it
[15:06] {Threei} all signs of end of day recovery are there
[15:07] {Threei} RIMM, can start partialling if you want
[15:07] {Threei} I still am on a hunt for bigger move
[15:08] {magoo} i want point
[15:08] {Threei} want to sell half around .90 and half around 60.20
[15:08] {Threei} magoo is even greedier than I am
[15:10] {Threei} half out .97
[15:10] {Threei} +.35
[15:11] {dino} to .20
[15:12] {dino} out rrgb .20, +.20
[15:12] {Threei} wtg
[15:13] {dino} ty
[15:14] {wulff} next break should do it
[15:15] {magoo} read GS VAD!!!!!!!!!
[15:15] {Threei} none!!!!!
[15:15] {magoo} UUGGGGGGGGGHHHHHHHHHHHHH
06[15:16] * Threei slaps magoo around a bit with a large yellow loudspeaker
[15:16] {Threei} out 1/4 more RIMM .22
[15:16] {Threei} +.60
[15:16] {magoo} still in FULL
[15:16] {Threei} out in full
[15:17] {Threei} +.70
[15:17] {Threei} Finally!!
[15:17] {Threei} can't believe it took so much patience to wait out this play
[15:18] {magoo} out .25 TY
[15:18] {wulff} and I was actually here to participate
[15:18] {Threei} took it wulff?
[15:18] {wulff} yup 1/2 lot
[15:18] {Threei} wtg'
[15:18] {Threei} anyone else?
[15:18] {wulff} +.50
[15:18] {Threei} except Magoo the Greedy
[15:19] {Threei} gosh, I miss the market where this kind of play comes around every 15 minutes
[15:19] {wulff} mee too
[15:19] {magoo} cant even recall that
[15:19] {Threei} this start-and-stop is tiresome
[15:20] {Threei} BAC
[15:20] {Threei} CUSTOMERS REPORTEDLY LOOKING TO REINSTATE CASE AGAINST COMPANY OVER ALLEGED ILLEGAL RETRIEVAL OF OVERDRAFT FEES
[15:20] {Threei} - Reminder on 11/20 California Appeals court has thrown out a $296M overdraft ruling against company - San Francisco judge said that a trial judge erred when she ruled that company was barred from subtracting fees from deposit accounts that contained such gov't benefits.
[15:23] {Threei} NY FED TO OFFER $37.B IN 28-DAY TSLF AUCTION TOMORROW; WILL ACCEPT SCHEDULE 2 COLLATERAL
[15:23] {Threei} {TLT SHY}
[15:23] {Threei} schedule 2 collateral - is it toothbrush?
[15:23] {nemo} used toilet paper
[15:25] {dptl} have a good evening all
[15:26] {Threei} take care dp
[15:26] {dino} cya dp
[15:26] {magoo} bye dp
[15:30] {Threei} I'd like one more nice play to fonish the day
[15:30] {Threei} or finish
[15:30] {Threei} whichever comes first
[15:31] {Threei} maybe FAS bounce
[15:31] {nemo} gs bounce
[15:33] {Threei} actually I like WFC most of them all
[15:34] {Threei} DNDN...
[15:34] {Threei} I am about to cry, lol
[15:35] {nemo} JBE
[15:36] {Threei} NOURIEL ROUBINI: I WILL BE THE FIRST TO CALL A BOTTOM WHEN I SEE ONE - TV INTERVIEW
[15:36] {Threei} I have too many comments on this one
[15:37] {larisa} your english is rich enough for that? :)
[15:37] {Threei} not as rich as Russian, mind you
[15:37] {Threei} but still
[15:38] {wulff} RIMM bounced twice
[15:41] {wulff} rimm going
[15:41] {Threei} spike out of nowhere
[15:42] {nemo} FAS and GS too
[15:42] {Threei} in retrospect FAS .35 was it, but nowhere near clear at the moment
[15:42] {wulff} longs used to be scareed at close.
[15:42] {wulff} now the shorts
[15:43] {nemo} yea market jumped 30 points in a minute
[15:45] {nemo} mags might get his point
[15:45] {Threei} we are finishing in modest red, but the volume is bigger than I would prefer to confidently call it bull flag
[15:45] {Threei} no way
[15:45] {dino} apol sm l .98
[15:45] {Threei} mags, don't do it
[15:45] {Threei} I'll burst of envy
[15:50] {nemo} G making another bounce of .80
[15:52] {nemo} wullff I guess the shorts arent covering on GS
[15:52] {wulff} the are no shorts in GS
[15:53] {nemo} is GS one of those sancrosanct stocks?
[15:54] {wulff} jesus stock
[15:54] {nemo} figures
[15:54] {Threei} holy cow stock?
[15:54] {nemo} well, no fun if you can't short it
[15:55] {wulff} you can, but not recc
[15:55] {nemo} Hey Larisa, maybe -140
[15:55] {larisa} not good enough :(
[15:55] {nemo} what's recc?
[15:56] {wulff} not reccomended
[15:56] {nemo} Why, praytell?
[15:56] {wulff} institutional favorite
[15:58] {wulff} FAZ....
[15:58] {larisa} AA opening earnings season at 4 PM :)
[15:58] {nemo} That'll be fun to watch
[15:59] {dino} apol sm overnight
[15:59] {Threei} AA earnings... yeah
[15:59] {nemo} publish them please VAD
[16:01] {Threei} okay... hopefully it's not in an hour
[16:01] {Threei} thank you all
[16:01] {larisa} any minute now :)
[16:01] {Threei} have a good evening
[16:01] {Threei} see you tomorrow
[16:01] {nemo} P&Q
[16:01] {Threei} AA players, stay put
[16:01] {vint} good evening all
[16:01] {fernp} good evening all
[16:01] {Threei} vint :)
[16:01] {Threei} take care fern
[16:02] {dino} not a great close
[16:02] {Threei} no
[16:02] {Threei} not a great day by any standard
[16:02] {Threei} doesn't fit into bull flag
