Very solid day with a lot a strong trades, scalps and very few stops. Heroes of the day were DNDN, ONNN, FEED, BAC, FAS, FAZ, CAT, LRCX etc, on both long and short sides.
Session Time: Tue Apr 14 00:00:00 2009
[08:03] {cosmo} BAC comes back
06[08:19] * nemo pretends to be magoo and whacks laserave with a large trout
[08:26] {dino} gm all
[08:27] {Threei} Good morning
[08:27] {dino} :)
[08:28] {Threei} GS is underwhelming... what, C and BAC don't even care anymore?
[08:29] {dino} 8:30 dndn results
[08:30] {Threei} MAR PRODUCER PRICE INDEX M/M: -1.2% V 0.0%E
[08:30] {Threei} PPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E
[08:30] {Threei} - PPI YoY: -3.5% v -2.2%e
[08:30] {Threei} - PPI Ex Food & Energy YoY: 3.8% v 4.0%e
[08:31] {Threei} *MAR ADVANCE RETAIL SALES: -1.1% V 0.3%E; LESS AUTOS: -0.9% V 0.0%E
[08:31] {Threei} - Prior Advance Retail Sales revised from -0.1% to 0.3%
[08:31] {Threei} - Prior Less Autos revised from 0.7% v 1.0%
[08:31] {Threei} DRYS
[08:31] {Threei} ANNOUNCES THE SIGNING OF THE PETROBRAS CONTRACT FOR THE LEIV EIRIKSSON
[08:31] {Threei} DNDN
[08:31] {Threei} PROVENGE SIGNIFICANTLY PROLONGS SURVIVAL IN MEN WITH ADVANCED PROSTATE CANCER IN PIVOTAL PHASE 3 IMPACT STUDY
[08:31] {Threei} - DNDN announced today that the pivotal Phase 3 IMPACT study of PROVENGE(R) (sipuleucel-T) in men with advanced prostate cancer met its primary endpoint of improving overall survival compared to a placebo control. The magnitude of the survival difference observed in the intent to treat population resulted in the study successfully achieving the pre-specified level of statistical significance defined by the study''s design. The safety profile of PROVENGE appeared to be consistent with prior trials.
[08:32] {Threei} halted
[08:32] {nemo} so who went long last night
[08:33] {dino} not me
[08:34] {nemo} you'd be retired
[08:39] {cosmo} There's no such thing, nemo
[08:40] {cosmo} its an illusion
[08:40] {nemo} Well, put it this way...you'd be able to do more of what you want to do, and less of what you have to do
[08:40] {Raven} a state of mind
[08:41] {cosmo} and often temporary
[08:42] {nemo} everything is temporary
[08:42] {Raven} fleeting
[08:42] {cosmo} a checkered retirement is probable
[08:42] {nemo} sands in the hourglass
[08:43] {Raven} sheesh
[08:43] {nemo} Vad must be grimacing
[08:43] {Threei} for that I would have to know how to read
[08:44] {Threei} buit all I am concrened about is masking tha fact that I don't, so I just nod along
[08:44] {nemo} Then how the hell do you know what you're typing?
[08:44] {Threei} I don't
[08:44] {cosmo} he a channeler
[08:44] {Threei} I use 1000 monkeys principle
[08:45] {cosmo} ah
[08:45] {cosmo} we're only into the 60's so far.... you know
[08:45] {cosmo} still not to 100
[08:46] {cosmo} thats an est.
[08:47] {pita} gm everyone
[08:47] {Threei} pita :)
[08:48] {Threei} CEGE, DNDN's sympathy
[08:48] {cosmo} Goldman CFO says firm would like to pay back TARP capital
[08:48] {cosmo} 7:42 AM ET
[08:48] {cosmo} sigh
[08:49] {Threei} we have major economic speech at 11:30 today
[08:50] {nemo} by whom?
[08:50] {Threei} hmmm
[08:50] {Threei} can't you guess?
[08:50] {nemo} oh...nevermind
[08:50] {cosmo} solomon?
[08:51] {nemo} cosmo goes from philosophy to history
[08:51] {cosmo} same thing
[08:51] {nemo} All is one
[08:51] {Threei} yup... like ballbreaker and nutcracker
[08:51] {Raven} {}
[08:52] {Threei} {--- hiding
[08:52] {nemo} must be a full moon
[08:52] {cosmo} checking
[08:52] {Raven} {----------- moons the room
[08:52] {Raven} oops
[08:53] {Threei} lol
[08:53] {Threei} DNDN shows 10 bid
[08:56] {Threei} 11.50... sheesh
[08:56] {Raven} 20 bid
[08:57] {Threei} eeck
[08:57] {Threei} 3 min till opening
[08:57] {Threei} going to be some fireworks
[08:57] {Raven} 15.06 bid
[08:58] {Raven} 28 bid
[08:58] {Raven} 35 bid
[08:58] {Raven} lol
[08:58] {cosmo} 43
[08:58] {Raven} 43 bid
[08:58] {Raven} 57
[08:58] {cosmo} sigh ... we coulda retired...
[08:59] {nemo} no such thing
[08:59] {Threei} ENMD all over again
[08:59] {Raven} state of mind
[08:59] {cosmo} thanks... i needed that
[08:59] {dptl} good morning
[08:59] {Raven} lol
[08:59] {Threei} dp :)
[08:59] {Threei} who is bidding 57?
[08:59] {Raven} NSDQ ... now 25
[09:00] {Threei} that's not real bid
[09:00] {dino} there goes 20
[09:00] {Raven} goofy
[09:00] {Threei} open
[09:00] {cosmo} i wonder if cramer is buying
[09:00] {dino} guess my 8.40 bid not happening
[09:01] {Threei} not today
[09:02] {nemo} not bad...bought it 3 weeks ago mae 10 times your money
[09:02] {nemo} I think Cramer's on vacation this week
[09:02] {Threei} GS
[09:02] {Threei} CNBCS FABER NOTES HIS SOURCES CONFIRMING SECONDARY OFFERING TO PRICE AT $123, BUT COULD CHANGE
[09:05] {fernp} Hello everybody
[09:05] {Threei} fern :)
[09:06] {Threei} so... there was something to that stubborn DNDN accumulation yesterday, lol
[09:07] {dino} nppxf
[09:07] {Threei} bless you
[09:09] {dino} lol
[09:09] {dino} -27.40
[09:09] {vinod} good morning- hope to have a best day?
[09:10] {elepet} good morning
[09:11] {Threei} vinod, elepet :)
[09:12] {Threei} DNDN
[09:12] {Threei} TO DISCLOSE FURTHER DATA ON PROVENGE IMPACT STUDY AT UPCOMING CONFERENCE ON APRIL 28; NO ADDITIONAL DATA FROM THE STUDY WILL BE ISSUED TODAY - CONF CALL
[09:12] {ese} morning everyone....will probably get cut off here sometime this morning......my new visa has not arrived yet so have not updated account to RT
[09:13] {Threei} ese :)
[09:13] {dino} turnaround tuesday?
[09:14] {Threei} quite possible
[09:14] {Threei} FAZ bounced nicely
[09:14] {Threei} C looks stronger than other finnies
[09:15] {cosmo} GERN
[09:15] {Threei} GERN
[09:15] {Threei} this looks like bio day
[09:15] {cosmo} :)
[09:15] {Threei} I don't see any news on GERN
[09:20] {dino} me niether
[09:20] {vinod} ge movin up a lot
[09:21] {Threei} GE reports on Fri?
[09:21] {dino} and c
[09:21] {Threei} it pulled back considerably from morning high of 12.75
[09:21] {dino} isrg thurs., intl today
[09:22] {nemo} JPM Thurday also
[09:25] {ese} DNDN Provenge medication seen to significantly prolong survival for patients with prostate cancer in Phase 3 study
[09:25] {ese} volume alert on DNDN on my screens
[09:26] {Threei} [08:31] {Threei} PROVENGE SIGNIFICANTLY PROLONGS SURVIVAL IN MEN WITH ADVANCED PROSTATE CANCER IN PIVOTAL PHASE 3 IMPACT STUDY
[09:26] {Threei} [08:31] {Threei} - DNDN announced today that the pivotal Phase 3 IMPACT study of PROVENGE(R) (sipuleucel-T) in men with advanced prostate cancer met its primary endpoint of improving overall survival compared to a placebo control. The magnitude of the survival difference observed in the intent to treat population resulted in the study successfully achieving the pre-specified level of statistical significance defined by the study''s design. The safety profile of PROVENGE appeared to be consistent with prior trials.
[09:27] {ese} up 16.00 big ones
[09:28] {Threei} C big pullback too
[09:28] {larisa} c
[09:28] {larisa} morning :)
[09:28] {Threei} larisa :)
[09:31] {Threei} [08:31] {Threei} DRYS
[09:31] {Threei} [08:31] {Threei} ANNOUNCES THE SIGNING OF THE PETROBRAS CONTRACT FOR THE LEIV EIRIKSSON
[09:33] {dino} esi down about 25 in 7 days
[09:34] {Threei} Long Setup: ONNN .94
[09:34] {dino} wmt wants 50 strike
[09:34] {Threei} if stays above .80
[09:35] {Threei} C&H setup on daily with 5 break as a trigger for sizeable move
[09:37] {dptl} in
[09:37] {elepet} in
[09:37] {nemo} didn't get fill @ 95
[09:38] {vinod} in .97
[09:38] {dptl} .95
[09:38] {elepet} .94
[09:39] {dptl} half out ty
[09:39] {Threei} 1:1
[09:39] {Threei} half out for me too
[09:39] {Threei} feels capable of more
[09:40] {dptl} out more.15
[09:40] {elepet} still in
[09:40] {vinod} out .17
[09:41] {Threei} those who partial, stop to .89 for the balance
[09:41] {ese} Still long DELL at .42 from yesterday
[09:43] {vint} good morning all
[09:44] {Threei} vint :)
[09:47] {Threei} FITB
[09:47] {Threei} MOODY'S DOWNGRADES SENIOR RATINGS TWO NOTCHES, TO BAA1 FROM A2; OUTLOOK NEGATIVE
[09:47] {Threei} - The downgrade incorporates Moody's view that Fifth Third, despite having taken very sizable loan loss provisions in 2008, faces continued elevated credit costs as real estate markets and the overall U.S. economy remain weak. The additional credit costs will come from a range of consumer and commercial asset classes, in Moody's view.
[09:48] {dino} maybe not today, but nearest gaps 7837,1300, 825
[09:50] {dptl} stop to under 5 onnn?
[09:50] {dino} mcd l .25
[09:50] {Threei} if it goes above 5.10, yes
[09:50] {Threei} for now, trail to it .94
[09:51] {ese} not lookin good for FITB......will wait that one out for a while
[09:51] {dptl} ok ty
[09:53] {ese} out Dell .68
[09:53] {ese} +.26 5 lots
[09:53] {dino} mcd stopped -.16
[09:53] {Threei} wtg ese
[09:53] {ese} tks turkey shoot these days
[09:55] {dino} gj es
[09:55] {ese} tks dino
[09:55] {Threei} some of solars move today a bit
[09:55] {Threei} CSIQ, JASO, SOLF
[09:56] {ese} crap.......had a limit order in for drys at .25.....didn't get fillet
[09:56] {ese} filled
[09:57] {Threei} something's with FTBK
[09:58] {Threei} traders found financial name that hasn't run yet?
[09:58] {dino} aipc
[09:59] {ese} it's running now vad
[09:59] {dino} powl hl l .94 thinny
[10:00] {dino} sm i mean
[10:00] {Threei} FEB BUSINESS INVENTORIES: -1.3% V -1.2%E
[10:00] {Threei} Long Setup: LLTC .11 if stays above 23
[10:01] {Threei} (US) TREASURY IS REPORTEDLY CONCEREND OVER GOLDMAN TARP REPAYMENT
[10:02] {Threei} lol
[10:02] {Threei} they really don't want banks to return TARP money
[10:02] {dino} they lose control
[10:02] {Threei} yup\
[10:03] {Threei} TARP REPAYMENT COULD NEGATIVELY IMPACT PERCEPTION OF OTHER BANKS
[10:03] {Threei} - Treasury notes that it does indicate a sign of strength
[10:03] {Threei} jeez
[10:03] {nemo} wass that invalimudated or was it a quick enough recovery?
[10:04] {Threei} looks OK to me, although if it consolidates here for a while, I'd modify it to .06 trigger
[10:05] {Threei} tighter stop
[10:05] {dptl} lltc?
[10:05] {Threei} yes
[10:06] {Threei} invalidated now
[10:09] {Threei} Long Setup: LRCX .80 break if holding above .65
[10:11] {Threei} modification
[10:11] {Threei} .60 break
[10:11] {Threei} if holding above .50
[10:11] {ese} Ldrys .50
[10:12] {Threei} DNDN... this thing decided to go ahead and kill the shorts
[10:15] {ese} am gettin this ....i'm done for the morning feeling with drys
[10:18] {ese} great lookin daily chart though
[10:18] {Threei} want little gambling?
[10:19] {Threei} Long Setup: FTBK 1.80 when last shares scroll by
[10:19] {Threei} see huge offer by EDGX?
[10:19] {Threei} that's your indication
[10:20] {Threei} OBAMA ADMINISTRATION TO ANNOUNCE EXCERPTS OF SPEECH ON ECONOMY AT 11:30AM, TO COVER INDICATIONS THAT GOVT ACTIONS ARE SHOWING PROGRESS
[10:21] {ese} drys avg .57 l a couple of more lots
[10:21] {dptl} stop under .70 ftbk?
[10:21] {Threei} ese, you may want to keep an eye on EGLE
[10:21] {Threei} seems to be leading DRYS today
[10:21] {dino} apsg l .55
[10:22] {Threei} Long Setup: CSIQ .36 break half lot
[10:22] {Threei} stop under .20
[10:23] {ese} tks will do Vad
[10:23] {dptl} ftbk stop .70?
[10:24] {Threei} if breaks from here, could be even .74
[10:25] {dino} i guess go short at 11:30
[10:25] {dptl} i am in..it took.80 no?
[10:25] {Threei} ??
[10:26] {nemo} ohoh
[10:26] {dptl} well it was gone on my screen
[10:26] {ese} out drys .57 +.10 on 4 lots
[10:26] {dino} on obama
[10:26] {Threei} EDGX offer never got taken
[10:27] {Threei} eaten a little but still has a lot
[10:27] {ese} am done for the morning for a bit .....all see you in a couple of hours....have a class to teach.....
[10:27] {Threei} take care ese
[10:27] {dino} cya es
[10:27] {ese} see ya vad
[10:28] {ese} later dino
[10:28] {dptl} oh man i had that thing hidden on my level 2 jeez
[10:29] {dptl} was lagging a wyle ago so i hide it and never unhide it
[10:30] {Threei} OK LRCX
[10:30] {Threei} 26 must be it
[10:30] {Threei} Long Setup: LRCX .15
[10:31] {dino} mcd l .15
[10:31] {dptl} in
[10:31] {Threei} half out
[10:31] {dptl} all out +.16 ty
[10:32] {Threei} welcome
[10:32] {Threei} stop to .13 for the balance who is holding
[10:32] {Threei} offer second half above .40
06[10:36] * Threei reminds FTBK that while time maybe infinite our lifetime is not
[10:38] {nemo} what's the invalidation/stop on FTBK?
[10:39] {Threei} [10:23] {dptl} ftbk stop .70?
[10:39] {Threei} [10:24] {Threei} if breaks from here, could be even .74
[10:39] {dino} wynn
[10:40] {Threei} ECB'S CONSTANCIO:EUROPEAN RECESSION APPEARS TO BE 'DEEPER' THAN THAT IN THE US; INTERNATIONAL RESPONSES TO ECONOMIC CRISIS IS 'INSUFFICIENT'
[10:40] {Threei} - Monetary policy is less effective as tool to handle economic crisis if rates are below a specific level; has been adequate thus far in dealing with crisis
[10:40] {Threei} DNDN
[10:40] {Threei} HEARING BREAN MURRAY MAKING CAUTIOUS COMMENTS (TIMING UNCERTAIN)
[10:41] {Threei} I don't see any reason for caution, really... so $6 stock trades at 20, so what
[10:42] {Threei} Long Setup: LLTC .86
[10:42] {Threei} if stays above .80
[10:44] {dptl} in
[10:44] {nemo} in partial
[10:44] {_robert} in
[10:45] {nemo} in all
[10:45] {Threei} FTBK, hear that chomp-chomp sound?
[10:47] {nemo} damn
[10:48] {nemo} who got ftbk?
[10:48] {dptl} me
[10:49] {nemo} geez your quick
[10:49] {Threei} it wasn't that quick...
[10:49] {Threei} .82 order got filled nicely at .80
[10:50] {dptl} ] {dptl} i am in..it took.80 no?
[10:50] {nemo} oh yeah, you got in a long time ago
[10:50] {elepet} i got it at.80
[10:50] {nemo} I tried .81
[10:51] {Threei} I suspect your connection is flaky nemo... you miss too many of them
[10:53] {Threei} for hardcore scalpers FTBK over 1:1
[10:56] {dptl} half out ty
[10:56] {Threei} things are so slow
[10:56] {Threei} ahead of speech I'd guess
[10:57] {dino} mcd stopped -.22
[10:59] {dino} apsg stop to .68
[10:59] {dino} out .70, +.15
[11:06] {nemo} stopped
[11:06] {dptl} stopped lltc
[11:06] {Threei} LLTC stopped
[11:08] {dptl} still have onnn Vad?
[11:09] {Threei} yes... thanks for the reminder
[11:09] {Threei} lol
[11:09] {dptl} lol
[11:09] {elepet} anyone still in ftbk?
[11:10] {Threei} half elepet
[11:10] {dino} cbsh blood
[11:11] {dino} micc spikey
[11:12] {Threei} OBAMA ADMINISTRATION TO ANNOUNCE EXCERPTS OF SPEECH ON ECONOMY AT 11:30AM, TO COVER INDICATIONS THAT GOVT ACTIONS ARE SHOWING PROGRESS
[11:12] {Threei} - 2009 will continue to be difficult for US economy; foreclosures and job losses will rise
[11:14] {dino} lrcx drop
[11:17] {nemo} volume relatively strong so far
[11:20] {nemo} fas and faz still doing the DNA dance
[11:20] {fernp} .
[11:20] {dptl} out onnn
[11:21] {Threei} market starts descent in advance of sp3ech
[11:22] {pita} falling asleep.... off to day job where I can get some excitement - cu later
[11:23] {Threei} lol
[11:23] {Threei} take care pita
[11:28] {larisa} got .50 cents on LRCX, thank for alert dino
[11:28] {dino} gj
[11:32] {Threei} US REP FRANK: GOLDMAN'S AIMS TO REPAY TARP MONEY IS A 'GOOD SIGN'; GOVT PROGRAMS ARE WORKING
[11:34] {dino} idcc l .70 stop lod
[11:35] {Threei} watching FITB for pullback and forming double bottom
[11:40] {dino} late as usual
[11:41] {elepet} what will you do then (fitb double bottom)
[11:42] {elepet} ?
[11:42] {Threei} buy if setup shapes up
[11:42] {Threei} Prez on TV
[11:43] {dino} heath services getting hit, usna, afam, lhcg
[11:43] {Threei} (US) PRESIDENT OBAMA: CANNOT DELAY INTRODUCING CAP & TRADE SYSTEM TO WHEN THE ECONOMY RECOVERS
[11:43] {Threei} oh my
[11:45] {Threei} FINANCIAL SYSTEM HAS BEEN GOVERNED BY OUTDATED REGULATIONS, TOUGH NEW RULES ARE NEEDED
[11:45] {Threei} - Wall Street executive compensation needs to be tied to actual performance.
[11:45] {Threei} - Pre-emptive banks takeovers would cost taxpayers too much and hurt confidence.
[11:46] {dino} cb l .80
[11:47] {Threei} - Will hold banks that need more aid accountable.
[11:47] {Threei} - GM needs a path to profitability, hopes Chrysler can find a viable partner.
[11:47] {Threei} - Healthcare reform needs to be dealt with this year.
[11:48] {Threei} The reason subprime loans were so readily available was the banks saw profits
[11:48] {Threei} surely it had nothing to do with political pressure to make thoe loans available
[11:49] {dino} axys sm l .30
[11:58] {dptl} kmb?
[11:59] {dino} snda
[12:02] {dino} fills gap yesterday
[12:13] {nemo} RIMM salmon
[12:13] {Threei} Short Setup: CAT 33 break if stays below33.10
[12:14] {dptl} in
[12:15] {Threei} stop to .06
[12:16] {Threei} 1:1
[12:16] {dptl} half out
[12:25] {Threei} Long Setup: FITB .70 break if stays above .60
[12:26] {Threei} any kind of aggressive entry is possible within this range at your discretion
[12:27] {dptl} stopped cat bal.
[12:27] {dino} esrx animal
[12:28] {dptl} in fitb
[12:28] {nemo} in
[12:29] {Threei} - says future growth will be built on 5 'pillars': new rules for Wall St; new investments in education; new investments in renewable energy; new investments in healthcare to reduce costs; govt restoring fiscal discipline to reduce the deficit once the economic crisis is over.
[12:30] {nemo} He sure know how to kill a markeet
[12:30] {nemo} market
[12:30] {dino} idcc stop to .92
[12:32] {larisa} he said too many people who just play with numbers and do not produce anything. then added, we need some of them, but engineers are better :) interesting
[12:33] {Threei} so, engineer is better than a day trader
[12:33] {Threei} I tried both... I disagree
[12:33] {larisa} lol
[12:33] {larisa} still doing both :) tired
[12:34] {Threei} and when his belowed engineer goes to the market to cash in his position, I want to see his face when he sees market liquidity without day traders
[12:34] {nemo} RIMM showing signs of topping
[12:34] {dino} speculators are evil attitude
[12:35] {Threei} he may be right dino... lately I feel this evilish note in myself...
[12:35] {dino} idcc to .02
[12:35] {Threei} FITB near 1:1
[12:36] {Threei} Ron Paul on CNN
[12:36] {dino} lol
[12:36] {dino} out idcc +.32
[12:36] {Threei} disagrees with goverment should spend point of view
[12:37] {dino} he's a closet socialist, trying to engineer the economy
[12:37] {dptl} still in ?
[12:37] {Threei} closet?
[12:37] {Threei} I think he is out
[12:37] {Threei} sold half .78
[12:38] {Threei} should have justy sold it all
[12:38] {dptl} mm..still in
[12:38] {Threei} I was in aggressively though, at .66
[12:40] {wulff} stupid cat
[12:42] {Threei} out balance
[12:42] {nemo} stopped
[12:45] {dptl} stopped fitb....
[12:46] {Threei} CAT was worth reshorting, eh
[12:47] {nemo} this too}}}[12:34] {nemo} RIMM showing signs of topping
[12:47] {nemo} caught up in Fitb
[12:47] {larisa} vad, why 33 break on CAT initially ?
[12:48] {larisa} if you remember :)
[12:48] {Threei} was resistance earlier in the morning, around 10 am,
[12:48] {Threei} got borken, turned into support,
[12:49] {Threei} got tested for a few minutes after 12,
[12:49] {Threei} became a trigger for a short if broken
[12:50] {larisa} ty
[12:50] {Threei} sure... but don't think for a second I rememberd
[12:50] {Threei} I reconstructed it looking at the chart
[12:50] {larisa} lol
[12:51] {Threei} reverse engineering, mind you
[12:51] {Threei} less Prez thinks I am useless
[12:51] {Threei} lest
[12:51] {larisa} not you, some of us.. must be me and nemo :)
[12:52] {Threei} can't tell you how irritating this attitude is
[12:53] {dino} still trying to figure out how the money i made in real estate was only paper according to prez
[12:53] {Threei} big brother deciding who is useful and who is not, and engineering who will be rewarded and who won't
[12:54] {Threei} (KS) NORTH KOREA HAS ORDERED NUCLEAR INSPECTORS OUT OF THE COUNTRY - WSJ
[12:59] {dino} miti
[13:00] {dino} can't borrow at cyber
[13:01] {dino} anybody get it/
[13:01] {Threei} want me to short it for you?
[13:01] {Threei} what was that aspike about?
[13:01] {Threei} I don't see news
[13:02] {dino} please had 6.65 in sights, ugh!
[13:02] {Threei} when I looked, it was already under 5
[13:03] {dino} you're slowing down old man, :)
[13:03] {larisa} lol
[13:03] {dino} cern drop
[13:03] {Threei} I had to read your post which was 4 leters... not a small feat for me
[13:03] {Threei} then wake up
[13:03] {Threei} then type all 4
[13:04] {Threei} come on... I am lucky to get there when I did
[13:04] {dino} snda drop
[13:05] {Threei} it's almost all the way back
[13:05] {Threei} what was the news?
[13:05] {dino} nothing
[13:05] {Threei} you mean $3 stock spikes to over 7 on no reason?
[13:06] {Threei} hmmm... I giess efficient market thoery is not entirely correct then...
[13:06] {dino} my banker buddies believe that theory
[13:06] {Threei} even when sober?
[13:08] {dino} well, they rarely are
[13:08] {Threei} oh
[13:08] {Threei} that explains it
[13:09] {dino} sm risky l snda .90
[13:09] {dino} wide
[13:09] {Threei} just thinking such spike and drop should produce some bounce, at least on short covering if nothing else
[13:11] {dino} off my screen
[13:11] {dino} i don't like stocks that i cannot short
[13:11] {dino} seems rigged
[13:14] {dptl} coco?
[13:15] {Threei} .84...
[13:15] {Threei} why not
[13:15] {Threei} ith this size of stop I'll take any trade, lol
[13:15] {dptl} stop .75
[13:16] {Threei} PREVIEW: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK ON THE FINANCIAL CRISIS AT 1:30PMET
[13:16] {Threei} - a prepared text and audience Q&A are expected.
[13:19] {Threei} thought of BAC .40 break long... hesitated
[13:21] {Threei} (KS) WHITE HOUSE PRESS SEC: CALLS ON NORTH KOREA TO END ITS PROVOCATIVE THREATS
[13:21] {Threei} or we are going to go back to those 6-sides talks
[13:22] {dino} oooooooooooooooo
[13:26] {dptl} Vad ,you think coco still valid trade?
[13:26] {Threei} I am not delighted
[13:27] {Threei} could work... could fail...
[13:27] {Threei} not very compelling
[13:27] {dptl} ok ty
[13:28] {Threei} Long Setup: BAC .50 break if dtayas above .45
[13:29] {dptl} in .50
[13:29] {nemo} in
[13:30] {Threei} out.59
[13:30] {nemo} out scalp
[13:30] {Threei} quickie
[13:30] {dptl} out .09 ty
[13:31] {dptl} .59
[13:31] {dino} gj
[13:31] {Threei} not bad for 2 min and 5K shares
[13:32] {_jfjf64} gj
[13:34] {nemo} RIMM running again
[13:34] {Threei} Long Setup: FAS .50 break if stays above .45
[13:35] {Threei} .40 is more defined support
[13:35] {Threei} maybe I am too stingy
[13:36] {dino} online eds moving cp;a, esi, apol
[13:36] {dino} cpla
[13:37] {Threei} that's OK, administration wikll find the way to kill them
[13:37] {dino} lol
[13:39] {Threei} can I pretend I meant FAZ in the alert above?
[13:39] {nemo} Changing your handle to FantasyTrader?
[13:39] {nemo} You meant "short" setup...
[13:39] {Threei} nah, short would requite total redoing of alert
[13:40] {Threei} and there is no need,
[13:40] {nemo} yeah, i tried...
[13:40] {Threei} any setup like this can be used for short if it invalidates before triggering
[13:40] {Threei} that's at your discretion
[13:40] {Threei} Chaeron likes to do that
[13:40] {Threei} but both FAS and FAZ formed .45 - .50 setups, lol
[13:43] {vinod} BACK FROM WORK. STILL HAVE 200 cat SHORTED AT 23.00
[13:43] {larisa} 33 I hope
[13:43] {nemo} Better cover dude, you lost 10
[13:43] {Threei} lol... 33 I guess
[13:44] {vinod} yes 33
[13:44] {dptl} lol
[13:44] {dptl} {nemo} Better cover dude, you lost 10...lol
[13:44] {vinod} 0ut 32.65
[13:44] {vinod} mean cover
[13:44] {Threei} wtg
[13:45] {nemo} FAS back on the menu Vad?
[13:45] {Threei} FAS... watchging is setup reiterates itself
06[13:45] * Threei slaps nemo around a bit with a large request not to read his mind
[13:45] {nemo} It's scary in there
[13:46] {Threei} yeah, trying to protect you
[13:47] {Threei} nope, ruined again
[13:47] {nemo} sort below .30?
[13:47] {nemo} short
[13:47] {nemo} like me
[13:48] {Threei} I'd prefer long FAZ then
[13:48] {Threei} but then I'd like a shallow pullback first
[13:48] {Threei} let's say not lower than .55
[13:48] {Threei} then .65 trigger for long
[13:49] {Threei} and if loses .55, try to get it off the low, c,loser to .50
[13:49] {vinod} can't do all your trade because of work but can do most--vad
[13:49] {Threei} on first sign of strength and if not losing .45
[13:49] {vinod} and it is taking me time to get used to this system
[13:49] {Threei} how is it working for you vinod?
[13:50] {vinod} so far good but have to go through all your cd yest
[13:51] {Threei} sorry, lost me... had to go yesterday and di, or still have to go through them? :)
[13:51] {dptl} holding .55 so far
[13:52] {vinod} holding 200 SRS i brought in morning at 32.50
[13:52] {nemo} market picking up a bit
[13:54] {Threei} Short Setup: BAC .50 break
[13:54] {Threei} if holding below .55
[13:54] {nemo} in faz and BAC
[13:55] {dptl} in bac
[13:55] {dptl} in faz
[13:55] {vinod} in bac
06[13:56] * Threei kicks FAZ in the rear
06[13:56] * Threei hits BAC over the head with 2x4
[13:56] {Threei} violence works
[13:56] {vinod} i hate FAS and FAZ
[13:57] {Threei} BAC over 1:1
[13:57] {nemo} out scalp
[13:57] {nemo} out faz .71
[13:57] {dptl} out bac
[13:57] {dptl} still in faz
[13:58] {Threei} FAZ was 2 cents from 1:1... disguting little 3x
[13:58] {nemo} I remembered BAC earlier
[13:59] {cosmo} dptr
[13:59] {cosmo} ... a departure
[14:01] {Threei} FAZ stop to .58, and if uncomfortable, feel free to scratch it
[14:02] {dptl} out faz -.02
06[14:02] * Threei puts dp on the list of uncomfortable ones
[14:03] {dptl} lol
[14:06] {nemo} FAZ building a nice wedge to .70 is their another trigger
[14:06] {Threei} yup
[14:06] {Threei} I am comfortable
[14:06] {nemo} .73
[14:06] {Threei} and I crossed dp out of my list
[14:08] {_jfjf64} faz?
[14:08] {vinod} cover BAC 10.42
[14:08] {cosmo} QGEN hod = 15.51 fwiw
[14:08] {Threei} over 1:1
[14:08] {Threei} half out
[14:08] {Threei} want to give it a chance
[14:08] {dptl} maan...ye..i shoul get more comfortable :)
[14:09] {Threei} BAC's death was slow and painful
[14:09] {Threei} FAZ 1:2
[14:10] {vinod} damm I cover BAC too early i need to learn more?
[14:10] {Threei} 1/4 more out .88
[14:11] {Threei} +.23
[14:11] {Threei} hard to tell vinod... this day looked more like scalping
[14:11] {Threei} who knows when it changes
[14:11] {Threei} partialling out is the way to let them more room
[14:12] {Threei} but most of partials earlier in the day didn't really work
[14:12] {vinod} i am using 1k position and no partials so far
[14:13] {Threei} stop under .70 for the last portion FAZ
[14:14] {Threei} so far so good
[14:15] {Threei} not as stellar day as yesterday but pretty solid
[14:16] {vinod} if i use 5k position size will do great but afraid to do so
[14:16] {nemo} welcome to the choir
[14:16] {Threei} there is a time for everything
[14:17] {patience} i need momo environment to do 5k vinod
[14:17] {Threei} no one starts with 5K
[14:17] {Threei} unless they are suciadal
[14:17] {Threei} MPP has whole procedure for upping the size
[14:17] {Threei} follow it to the letter, you'll be fine
[14:17] {vinod} i am comfortable with you vad will go slow
[14:20] {Threei} (US) WHITE HOUSE ECON ADVISOR SUMMERS: THERE IS A LOT OF WORK YET TO BE DONE IN ORDER TO GET THROUGH THE STRAINS IN THE US FINANCIAL SYSTEM
[14:20] {dino} i've never gone to 5k
[14:21] {Threei} FED'S BERNANKE: SEES USD REMAINING DOMINANT RESERVE CURRENCY FOR THE FORESEEABLE FUTURE - Q&A
[14:21] {Threei} you are playing thin stocks dino
[14:21] {nemo} define "foreseeable"?
[14:21] {Threei} with your style 5K would be triple suicide
[14:21] {nemo} how can you kill yourself more than once?
[14:22] {Threei} well, you use axe but you don't get it right on the first try
[14:23] {nemo} using an axe to commit suicide is rather difficult
[14:23] {dptl} fitb ?
[14:23] {nemo} RIMM
[14:24] {Threei} not sure about FITB
[14:24] {larisa} jump off the cliff smoking and shoot yourself half way down :)
[14:24] {Threei} looks tempting bvut requires a lot of fuel to move
[14:25] {Threei} sounds about right larisa... also, before jumping swalow a lot of pills and tie the loop around your neck,
[14:25] {nemo} FAS break .50 or are we back into FAZ?
[14:25] {Threei} you can also increase the effect by jumping out of the window under the moving bus
[14:25] {nemo} Jump in front of a subway train
[14:27] {Threei} poll: 58% think Obama has clear economic plan
[14:28] {Threei} I consistently underestimate the numbers of delusional...
[14:28] {nemo} And how many of those polled have any clue about economics
[14:28] {dino} well when 40% don't pay taxes
[14:28] {vinod} nemo how can you kill yourself more than once? --get married?
[14:28] {dino} lol
[14:28] {Threei} lol
[14:29] {nemo} No...that's torture
[14:29] {larisa} not funny
[14:29] {nemo} no, it's not
[14:29] {vinod} I am sorry i don't know we have female member here
[14:29] {nemo} make's waterboarding like going to get a pedicure
[14:30] {Threei} don't worry vinod... they laugh just as well, they just don't show it
[14:30] {vinod} I am married over 28 years
[14:31] {Threei} 25 here
[14:31] {nemo} never caught a woman in a weak moment myself...they all sobered up
[14:32] {dino} 14
[14:36] {Threei} little gambling anyone?
[14:36] {Threei} DNDN
[14:36] {Threei} .15 break
[14:36] {Threei} stop under 17
[14:37] {Threei} dp, there is EDGX offer
[14:37] {Threei} make sure you have that enabled
06[14:37] * larisa slaps Threei around a bit with a large trout
[14:38] {dptl} :) ye i see it ..it,s on
[14:38] {Threei} what was that for?
06[14:38] * nemo slaps Threei around a bit with a large bottle of Grey Goose
[14:38] {larisa} for being sarcastic :)
[14:38] {Threei} hmmm
[14:39] {Threei} you prepared to slap me about 60 times per hour?
[14:39] {larisa} lol
[14:39] {nemo} what he say?
[14:39] {dptl} still valid?
[14:39] {Threei} yes
[14:40] {dptl} got .18
[14:40] {Threei} half out .31
[14:40] {dptl} out .33 ty
[14:41] {Threei} stop to .09
[14:41] {dptl} so iam on gamblers list now..:)
[14:41] {Threei} yup
[14:41] {Threei} uncomfortable gambler
[14:41] {dptl} lol
[14:42] {Threei} I combine lists, you see
[14:42] {Threei} in order to reduce paperwork
[14:42] {Threei} and save trees
[14:42] {dptl} :)
[14:43] {nemo} why .15 and not when it broke resistance @ .19 or .20?
[14:43] {Threei} huge offer at .15
[14:43] {nemo} oh
[14:43] {dptl} EDGX
[14:44] {Threei} allowed to fine-tune entry
[14:44] {Threei} level 2 must be good for something, right?
[14:44] {dptl} colorfull box nice to look at lol
[14:45] {Threei} yeah, I am a sucker for flashing lights
[14:46] {Threei} FEED... 3.30 two day's resistance
[14:46] {Threei} out DNDN in full
[14:46] {Threei} .53
[14:46] {Threei} + something good
[14:46] {_jfjf64} lol
[14:47] {Threei} this is somewhat wierd play guys... FEED
[14:47] {Threei} canm turn into swing
[14:48] {Threei} 3.30 resistance, 3 support,
[14:48] {Threei} looks good on daily,
[14:48] {Threei} but kind of hard to imagine it would go a lot today if breaks
[14:48] {Threei} so could turn into overnight hold
[14:49] {Threei} so decide for yourself if you are comfortable with that
[14:49] {Threei} and with such wide stop
[14:50] {Threei} of course you can always turn it into scalp but chart is hard to read for that
[14:51] {Threei} I'd say, .15 - .20 is closest support for scalpers
[14:51] {Threei} so break of .40 and spike would be for exit
[14:52] {Threei} anyone went for it?
[14:52] {_jfjf64} you on fire
[14:53] {Threei} me is?
[15:02] {nemo} any news? what with fas
[15:02] {Threei} nope
[15:03] {dino} whole market
[15:03] {nemo} RIMM not really participating
[15:10] {Threei} pirates got annoyed I guess... 4 more vessels are taken
[15:12] {Threei} (US) REPORTEDLY US REGULATORS ARE PREPARING A "CONCEPT PAPER" TO EXPLAIN HOW TO INTERPRET THE RESULTS OF BANK STRESS TESTS - UNCONFIRMED REPORT
[15:12] {Threei} {XLF C BAC}
[15:13] {dino} they need another committee
[15:14] {cosmo} they need to see they're doctor
[15:19] {nemo} fas break of .65?
[15:19] {Threei} C starts looking interesting
[15:19] {Threei} was intrigued at .10 but somehow didn't find resolve in myself
[15:19] {Threei} watching for some pullback or consolidation now
[15:20] {nemo} damn fas
[15:27] {Threei} (US) REPORTEDLY US REGULATORS ARE PREPARING A "CONCEPT PAPER" TO EXPLAIN HOW TO INTERPRET THE RESULTS OF BANK STRESS TESTS, TO RELEASE STRESS TEST RESULTS BEFORE THE END OF APRIL (TIMING IN LINE WITH PRIOR GOVT FORECASTS) - UNCONFIRMED REPORT
[15:27] {Threei} - Regulators still trying to decide how to disclose the results of stress tests.
[15:27] {Threei} - Regulators (including SEC) are attempting to determine whether tests are deemed an examination or a material event that must be disclosed.
[15:27] {Threei} - Stress tests will be on capital levels, not capital ratios.
[15:27] {Threei} - Reminder: Many contradictory reports have circulated in recent weeks on whether or not stress test results will be made public on either a company-specific or industry-wide basis.
[15:28] {Threei} this all is very stupid
[15:29] {Threei} if yopu believe that test reflects soething objective, release the results, we have the right to know and there is no need to patronize us
[15:29] {Threei} if tests are useless, why do you conduct them
[15:29] {nemo} PR looks like they're doing something
[15:30] {Threei} anyway...
[15:30] {Threei} Long Setup: FAS .55 if holding above .45
[15:30] {Threei} Long Setup: C .15 if holding above .10
[15:34] {dino} whippy
[15:37] {Threei} let's modify C
[15:38] {Threei} .11 long if stays above .05
[15:40] {Threei} no worly
[15:49] {vinod} see you tomorrow
[15:49] {Threei} take care vinod
[15:50] {nemo} gnite
[15:53] {Threei} interesting how strong C remains comparing to other finnies
[15:54] {dptl} have a good evening all
[15:54] {larisa} FAZ and F new highs :)
[15:54] {larisa} bye all
[15:55] {Threei} take care dp, larisa
[15:55] {Threei} C
[15:55] {Threei} WSJ REPORTS THAT STOCK REGISTRATION DELAYED UNTIL AT LEAST FRI
[15:56] {Threei} I've no idea why it's a good news but I scalped 13 cents
[15:58] {Threei} okay guys
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening
[15:58] {nemo} gnite
[15:58] {Threei} see you tomorrow
[15:58] {_jfjf64} ty
[15:59] {vint} good evening all
