Boring day ended up pretty much flat - some qwinds and some stops balanced each other out. Didn't have a feel for the market rythm at all so missed this end of day rally. Oh well.
Session Time: Wed Apr 15 00:00:00 2009
[07:50] {Threei} (US) WHITE HOUSE ECON ADVISER GOOLSBEE: "NOBODY KNOWS THE CURRENT STATE OF THE BANKS"
[07:50] {Threei} that's very encouraging
[07:51] {nemo} oops...he told the truth...end of his job
[07:53] {nemo} Hindsight and all...shoulda' just put a short on in DNDN @ 10:15 and come back in the afternoon to close it :)
[07:54] {Threei} trading off tomorrow's WSJ is the best strategy
[07:54] {nemo} yeah...was a short lived tv show back a few years, where the guy got tomorrow's paper today...but he was noble an helped save lives...sap.
[08:30] {Threei} APR EMPIRE MANUFACTURING: -14.65 V -35.00E
[08:30] {Threei} MAR CONSUMER PRICE INDEX M/M: -0.1% V 0.1%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E;
[08:31] {Threei} FIRST NEGATIVE US CPI YOY SINCE 1955 - TRADERS
[08:42] {pita} gm everyone
[08:46] {Threei} pita :)
[08:52] {fernp} Hello everybody
[08:52] {Threei} fern :)
[08:55] {dino} gm all
[08:55] {Threei} dino :)
[08:55] {Threei} magoo is slacking again?
[08:56] {dino} not expecting him until tomorrow
[09:09] {ese} am I in?
[09:09] {ese} guess so
[09:09] {nemo} yeah
[09:09] {Threei} ese :)
[09:09] {ese} one more day of repreive until my new visa gets here.....
[09:11] {Threei} DRYS is slightly green
[09:12] {ese} yup ....only thing on my screen that is
[09:13] {ese} other than QID
[09:13] {Threei} and FAZ :)
[09:14] {nemo} gold and metals green
[09:14] {dino} bkc
[09:14] {nemo} GE slightly green too
[09:15] {Threei} *MARCH INDUSTRIAL PRODUCTION: -1.5% V -0.9%E; CAPACITY UTILIZATION: 69.3% V 69.9%E
[09:15] {dptl} good morning
[09:16] {Threei} dp :)
[09:17] {ese} dp
[09:17] {dptl} :)
[09:17] {ese} it's looking sunny in your next of the woods dp
[09:17] {ese} looks beautiful across the straight
[09:17] {ese} from my window at least
[09:18] {Threei} dp closes curtains in a hurry
[09:18] {dptl} lol....yep looks good here
[09:19] {ese} can you see mount baker from where you are dp?
[09:20] {Threei} GE reports on Fri
[09:21] {Threei} C too but C is tainted story
[09:21] {dptl} well..... have to go out side and drive for few min to the spot where i can see it , Ese
[09:21] {ese} ahhhhhhhhh
[09:21] {Threei} we will wait for you dp
[09:21] {dptl} roflol
[09:22] {Threei} :)
[09:22] {ese} yup .....go take a look.....looks fab this morning from my vantage point
[09:24] {dino} "fab", oh boy
[09:25] {ese} daily charts on indexes are looking down........can now practise shorting maybe with small lots
[09:25] {Threei} I don't have clear strategy yet aside of trying to spot unusually strong ones
[09:25] {Threei} candidates so far are GE, DRYS
[09:25] {magoo} morning
[09:25] {Threei} magoo :)
[09:25] {Threei} slacker
[09:25] {magoo} :)
[09:25] {ese} lack of vocabulary dino
[09:26] {dino} :)
[09:27] {_jfjf64} mornin
[09:27] {Threei} jf :)
[09:27] {ese} jf
[09:28] {magoo} u do well yesterday vad?
[09:28] {Threei} let's skip first minutes
[09:28] {Threei} I have no clean setups for opening trades
[09:29] {Threei} nice thing to see would be GE forming a range between .40 and .55, then breaking it to the upside
[09:29] {dino} 10.59 area big gap ge
[09:29] {Threei} just want it to happen over 5-15 minutes, not right away
[09:31] {dino} gaps 1300, 825
[09:32] {Threei} ummmmmmmmmm
[09:32] {Threei} Prez is to speak later today on a matter of taaxes, with main theme being:
[09:33] {Threei} restoring the fairness in taxes to end "favoring the wealthy"
[09:36] {dino} not good maket news
[09:36] {dino} raising cap. gains
[09:40] {Threei} Long Setup: DRYS .35 if holding above .20
[09:40] {Threei} Long Setup: GE .30 if holding above .20
[09:42] {magoo} in ge
[09:42] {magoo} agress
[09:43] {nemo} in ge
[09:43] {dptl} in ge
[09:43] {Threei} let's modify DRYS
[09:43] {Threei} .30 break long
[09:44] {Threei} want to have tighter stop
[09:44] {dptl} in drys.30
[09:44] {nemo} blew by that
[09:44] {Threei} 1:1 for you dp
[09:44] {magoo} shreesh
[09:45] {dptl} all out drys ty
[09:45] {magoo} out .46 drys
[09:45] {magoo} AWESOME fill
[09:45] {magoo} in .28
06[09:45] * Threei slaps magoo around a bit with a large roll of cash
[09:46] {magoo} unreal fill
[09:46] {Threei} FEED
[09:46] {ese} nice mags
[09:46] {magoo} fill=feed??
[09:46] {Threei} continuation from yesterday
[09:46] {Threei} if you went for that overnight hold, it's coming to 1:1
[09:48] {Threei} FEED, if you have any,
[09:48] {ese} wanted SCHW......but no place to get in ...no place
[09:48] {Threei} with any market help looks capable of 4
[09:48] {Threei} possibly more
[09:49] {dptl} come on ge
[09:49] {pita} too late to enter?
[09:49] {Threei} not here pita...
[09:49] {Threei} sharp spike
[09:49] {Threei} see if we get a pullback
[09:50] {Threei} you remember yesterday's idea on FEED,
[09:50] {Threei} that was either scalp for about 15 cents or overnight hold with stop about 30
[09:50] {pita} ok
[09:50] {Threei} so my comments are for play continuation
[09:50] {Threei} as a new entry, well... pullback into .50-.60 zone...
[09:51] {Threei} GE 1:1
[09:51] {dptl} out ge ty
[09:51] {fernp} out GE ty
[09:51] {Threei} welcome guys
[09:51] {magoo} out GE .43 TY
[09:51] {_jfjf64} ty
[09:51] {Threei} FEED had news earlier, lewt me dig it out
[09:52] {Threei} 04/15/09 06:55am
[09:52] {Threei} [FEED] Agfeed Industries Enters hog genetic program arrangement with Hypor (pig breeding division of Hendrix Genetics)
[09:52] {Threei} - AgFeed's strategic plan calls for development of a platform for the production and sale of approximately 2,000,000 hogs into the Chinese market during 2010-2011.
[09:52] {Threei} - The key element to this future growth is scientific breeding which is underscored by our arrangement with Hypor.
[09:52] {Threei} GE 1:2
[09:53] {dino} be stop to .48 ty vad
[09:53] {Threei} :)
[09:54] {nemo} GE followed FAS slightly
[09:54] {dino} to .58
[09:54] {Threei} beautiful way to play it dino
[09:54] {ese} L hban .76
[09:54] {dino} out .59, +.29
[09:54] {Threei} wtg
[09:54] {_jfjf64} nice nice
[09:54] {Threei} wow ese
[09:55] {Threei} that's a very risky point of entry
[09:55] {dino} well, risk is his business
[09:55] {Threei} 35 cents almost vertical run
[09:55] {Threei} why not wait for pullback
[09:56] {Threei} it's not like I am a stranger to risk as you can gather from my choice of profession...
[09:56] {Threei} but I want it to be caluclated :)
[09:56] {nemo} what? marriage?
[09:58] {nemo} GE...lotta' resistance at .60 from yesterday
[09:58] {Threei} jeez... I need to calibrate my scanner tighter, so it doesn't catch this kind of things but for oldtimers, what blast from tha past: DLIA
[09:59] {nemo} DRYS double bottom?
[09:59] {Threei} that would be triple already
[10:00] {ese} on reflextion ...not the best entry for sure......
[10:00] {nemo} well, tht last one is a tad higher, but....
[10:00] {dptl} feed?
[10:00] {ese} L hban avg .73
[10:01] {Threei} hard to tell dp, this is not really technically read stock
[10:01] {nemo} BAC Vad?
[10:01] {dptl} ok ty
[10:01] {ese} went after it because of the daily chart......long bottoming tail
[10:01] {Threei} I am not delighted by BAC
[10:02] {Threei} HBAN ese?
[10:02] {Threei} I see whast you mean but why not fine-tune entry by interadayu chart
[10:02] {ese} yes
[10:03] {Threei} sheesh my typing
[10:03] {Threei} how do I manage to hit twice as many keys as needed
[10:03] {Threei} interadayu?
[10:03] {ese} yes i should have wited for this litle pullback
[10:05] {ese} i waited for the qqqq's to show up then went after it....if q's pullback hard i'm in trouble
[10:10] {Threei} wow
[10:10] {magoo} vad.we in anything
[10:10] {Threei} what the deuce
[10:10] {fernp} WFC breakot Vad?
[10:11] {nemo} What VAD?
[10:11] {Threei} let's let the break go, wait for pullback and enter if market continues
[10:11] {Threei} what what?
[10:12] {_jfjf64} you the boss
[10:12] {nemo} "What the deuce"
[10:12] {Threei} you don't swee what happened 30 seconds before I said that? :)
[10:12] {Threei} fern, sharp drop under .40
[10:12] {dino} aipc sm l.20
[10:13] {Threei} this is what I want to see to enter WFC on strength resupmtion
[10:13] {Threei} recross of .40
[10:13] {Threei} with stop under the low of this pullback
[10:13] {nemo} you mean mags comment?
[10:13] {dptl} in wfc .41
[10:14] {dptl} stop .34?
[10:14] {Threei} yes
[10:14] {Threei} I mean market spike and FAZ drop
[10:14] {Threei} no worky
[10:15] {dptl} stopped
[10:15] {ese} out HBAN .82 +.09 on 100000 of the little blighters
[10:15] {larisa} zeros are growing :)
[10:15] {Threei} one zero too may ese?? :)
[10:16] {nemo} One hundred thousand shares ese?
[10:16] {ese} yes 10000
[10:16] {dino} axys l .25 sm
[10:16] {ese} tks nemo......other risk way out of my line
[10:17] {nemo} I was going to be really impressed
[10:17] {nemo} GE holding up pretty well
[10:19] {Threei} no continuation to the spike
[10:20] {ese} FITB has the same lookin chart
[10:20] {fernp} lost my internet connection
[10:20] {fernp} any play with GE?
[10:20] {Threei} if it saved you from WFC, good thing
[10:21] {Threei} GE forms .60 - .70
[10:21] {fernp} lol
[10:21] {dptl} so long .70 ge?
[10:21] {_jfjf64} ge
[10:21] {Threei} .71 official trigger
[10:21] {ese} missed it fitb
[10:21] {dptl} in
[10:22] {fernp} in
[10:23] {magoo} in
[10:23] {Threei} gosh... don't pile up all at once...
[10:24] {nemo} in
[10:25] {dptl} phm?
[10:26] {Threei} nah
[10:26] {ese} L Drys .30'
[10:26] {nemo} stop on GE vad?
[10:26] {Threei} [10:21] {Threei} GE forms .60 - .70
[10:27] {nemo} .60 for day trade 65 for scalp?
[10:27] {Threei} I don't see any significance to .65 as support
[10:27] {Threei} that would be just an arbitrary stop not based on the chart
[10:28] {dino} ncty, lufk
[10:28] {magoo} l aapl .55
[10:30] {ese} full lot mags
[10:30] {magoo} 350 sh
[10:31] {ese} am following aapl alot trying to learn how to trade it.......keep getting burnt there....for real and papper trades
[10:31] {magoo} no go
[10:32] {ese} drys ain't lookin too good either
[10:32] {magoo} it follows q ..mkt for most part
[10:32] {magoo} duped me tghere
[10:35] {dino} i hate trading appl
[10:37] {ese} drys stopped....^%$&#^ .19 -.11
[10:38] {ese} i may get to that with that stock dino
[10:40] {nemo} could you kick the market Vad?
[10:41] {pita} still in GE with stop @ .60?
[10:41] {dino} gj pita
[10:41] {ese} drys has a good lookin daily chart........cup and handle lookin thing
[10:41] {Threei} I would say just under .60, pita
[10:41] {pita} k
[10:42] {dino} ncty sm l .82
[10:52] {magoo} ge no work
[10:53] {dptl} ksu?
[10:54] {nemo} god bless you
[10:54] {Threei} chart is right dp, I just don't see this market as breakout-favorable
[10:55] {nemo} stopped
[10:55] {dptl} stopped ge
[10:55] {fernp} stopped GE
[10:55] {nemo} stopped
[10:55] {_jfjf64} ditto
[10:56] {dino} esrx risky, sm s .31
[10:57] {dino} bstop is .63
[10:58] {dino} deck
[11:00] {Threei} Short Setup: DNDN .85 if stays below 17
[11:00] {Threei} unavailable
[11:00] {Threei} oh well
[11:01] {dptl} ip interesting
[11:02] {dino} ncty stop tightern to .58 not working
[11:02] {fernp} DRYS breakdown?
[11:03] {Threei} hmmm
[11:03] {Threei} not really delighted
[11:03] {Threei} DNDN 1:1
[11:04] {Threei} anyone got it with other brokerage?
[11:04] {dino} ncty stopped -.27 slippage
[11:04] {fernp} DNDN unavailable here
[11:05] {Threei} too bad
[11:05] {nemo} ge short .54?
[11:06] {Threei} not sure
[11:07] {dino} esrx to b/e
[11:07] {Threei} DNDN over 1:2
[11:07] {Threei} painful, isn't it
[11:08] {_jfjf64} y
[11:09] {Threei} 1:3
[11:09] {nemo} not funy
[11:09] {Threei} is 1:4 funny?
[11:09] {_jfjf64} oh boy
[11:10] {dptl} yeah and no Dave to slap :)
[11:10] {dino} esrx stopped +.07
06[11:10] * nemo slaps Threei around a bit with a large large list of unavailable stocks to short
06[11:10] * Threei slaps MIA lasredave around with big alarm clock
[11:10] {dptl} lol
[11:10] {nemo} GE break of .60?
[11:10] {ese} drys filled yesterdays gap......
[11:11] {Threei} nah
[11:11] {dino} lufk sm l .80
[11:13] {Threei} ok, whatever you do - do not, I repeat, do not look at DNDN
[11:13] {nemo} nice
[11:15] {vinod} good morning
[11:16] {dino} darn esrx stop too tight
[11:18] {Threei} vinod :)
[11:19] {Threei} full dollar DNDN
[11:19] {Threei} but we agreed not to look
[11:20] {dino} aipc stopped major slip -.38]
[11:20] {magoo} dammit...i held out till now...now just looked:)
[11:20] {Threei} lol
[11:20] {Threei} seems bottomed
[11:21] {larisa} whats with UAUA ?
[11:21] {dptl} ye all airlines heppy for some reason
[11:21] {Threei} 11:02am [AMR] Reports Q1 -$1.35(incl $0.05 charge) v -$1.68e, R$4.84B v $4.73Be
[11:22] {dptl} oh that
[11:22] {magoo} i hit DNDN long on your mention .09
[11:24] {larisa} I think LLTC reports in 10 minutes or so
[11:24] {dptl} .20 long dndn if stays above .10?
[11:26] {Threei} yes
[11:26] {Threei} lol
[11:26] {magoo} im out .38 here TY boss
[11:26] {dptl} lol
[11:26] {Threei} welcome mags
[11:26] {cosmo} SOLR patiently waiting for market to bottom
[11:27] {cosmo} 7.23 hod
[11:27] {cosmo} oops
[11:28] {Threei} nice salmonish action
[11:28] {cosmo} got impatient tho
[11:30] {ese} L drys .22
[11:30] {ese} same couple of lots
[11:31] {_jfjf64} GE?
[11:32] {Threei} don't know
[11:32] {Threei} looks riight, but whipsaws everywhere
[11:33] {_jfjf64} Y
[11:34] {ese} i've got alot of solar stocks that i've been monitoring cos.....thats just a matter of time....I do have 3000shs of eslr for a long term hold....my 3 to 4year target is $35 to 45
[11:35] {Threei} that far exceeds my math abilities
[11:35] {cosmo} lets hope...
[11:35] {dino} gl
[11:35] {ese} it me a while to do it on eslr for sure
[11:35] {dino} bkc l .40
[11:37] {ese} "it took" how about typing what your thinking ese....man
[11:38] {dino} funny thing, i understood
[11:38] {Threei} scary too
[11:38] {ese} ohhhhhh oh!!!!
[11:39] {Threei} Long Setup: RIMM .30 if stays above .15
[11:39] {nemo} too fast
[11:40] {dptl} in.31
[11:40] {Threei} second chance
[11:40] {nemo} in
[11:42] {magoo} in
[11:43] {dino} pcln wants 85 area strike
[11:45] {Threei} sh*t
[11:45] {Threei} Prez on TV in 10 min
[11:45] {dino} out bkc .53, +.13
[11:46] {Threei} you better work fast RIMM
[11:46] {Threei} stop to under .20
[11:46] {nemo} You need to put stickys on your monitors
[11:47] {Threei} with this frequency of appearances I won't see the monitor
[11:47] {pita} he does like the cameras
[11:47] {nemo} I'm going for the vodka
[11:47] {dino} (yo)bama
[11:49] {nemo} obamanibal
[11:49] {dino} yesterday he talked and we lost 70 dji points, any bets today
[11:50] {vinod} Prez on TV and market goes down?
[11:50] {dino} yes
[11:50] {Threei} that's the pattern so far vinod
[11:50] {Threei} like clockwork
[11:50] {Threei} didn't work maybe once or twice
[11:50] {dino} he'll be bashing the speculators and wealthy today. forgets capitalism is all basec on speculation
[11:51] {dino} based
06[11:51] * Threei kicks RIMM in the rear with steel-toe heavy duty army boots
[11:52] {nemo} Been a while since you and those out
[11:52] {nemo} you had those out
[11:52] {dino} your nose out
[11:52] {Threei} they already showed podium on TV
[11:53] {magoo} im out
[11:53] {dino} ndx btw filled 4/8 gap
[11:53] {magoo} not risking it
[11:53] {magoo} + .01
[11:53] {Threei} don't spend it all at once mags
[11:53] {vinod} Prez going to join Tea party?
[11:53] {Threei} lol
[11:53] {dino} thinking, attacking the rich, will insurers benefit
[11:54] {magoo} lunch $$
[11:54] {Threei} what's the logic behind it dino?
[11:54] {nemo} should we put the stop under .25 with the pres coming
[11:54] {dino} life insurance is not taxable to the estate if estate is not the beneficiary
[11:55] {Threei} I think it's reasonable nemo
[11:55] {dptl} .25?
[11:56] {Threei} yeah
[11:56] {dino} med cos. geeting hit again
[11:56] {dptl} ok dok
[11:56] {Threei} last pullback bottomed out at .27
[11:56] {Threei} so let's be anal-retentive
[11:57] {magoo} anal - resentment}??
[11:57] {dino} lufk stopped -.31
[11:58] {ese} drys stop to break even .22
[11:58] {dino} damn rinse again
06[11:58] * Threei pokes RIMM with electrocharged sharp stick
[11:59] {ese} that should work
[11:59] {Threei} unless it sends it into shock
[11:59] {nemo} I got out @ .35, don't trust Obama
[11:59] {Threei} you don't???
[11:59] {Threei} I am shocked
[11:59] {nemo} call me paranoid
[11:59] {Threei} stunned I am telling you
[12:00] {nemo} Wanna' be stunned...should see me in a speedo...NOT!
[12:00] {Threei} that would leave me blind
[12:00] {Threei} burned retina
[12:00] {nemo} I tend to have a Medusal effect
[12:01] {dino} he'll be his usual 20 min. late
[12:02] {vinod} out rimm 0.35
[12:02] {Threei} here he is
[12:02] {Threei} PRESIDENT OBAMA: US SHOULD CUT TAX BURDEN ON WORKING PEOPLE
[12:02] {dino} we were at +41 dji
[12:03] {Threei} I suspect the trick is in definition "working"
[12:04] {Threei} ADVISIOR VOLKER PLANS TO RELEASE REPORT ON TAX CODE LATER THIS YEAR
[12:04] {Threei} - Vows to press ahead with simplifying tax code.
[12:04] {Threei} - Reiterates his pledge to maintain fiscal discipline, cut $2T in spending within 10 years.
[12:05] {Threei} we are holding so far
[12:09] {Threei} lol, DNDN made a dollar in another direction as well
[12:10] {Threei} dam is broken
[12:10] {Threei} out RIMM +.11
[12:11] {Threei} prez is done
[12:12] {nemo} well that was relatively painless
[12:12] {nemo} ese, you play fitb this morning?
[12:12] {Threei} no substance to the speech, so market didn't react
[12:12] {Threei} just a political stunt
[12:12] {dptl} still half in rimm
[12:13] {nemo} look at GE
[12:13] {Threei} I don't think you have that much patience dp, I think you simply fell asleep
[12:14] {dptl} lol
[12:14] {dino} sm l deck .50
[12:15] {dptl} ok out
[12:19] {Threei} since the beginning of the current recession, the federal government has spent, lent or pledged $13 trillion on various economic recovery efforts.
[12:19] {Threei} How big is that number?
[12:19] {Threei} Well, if you were to spend a dollar every second, it would take 412,000 years to blow through $13 trillion.
[12:24] {dino} see, thats a problem, my calculators only go to 10 million
[12:24] {Threei} mine too, but even that is too much - my natural limitations keep me at 100,000...
[12:28] {pita} RIMM double bottom?
[12:29] {Threei} no pattern really
[12:29] {Threei} just meaningless noize
[12:29] {dino} algt
[12:30] {Threei} Long Setup: FAZ .07 if stays above 11
[12:31] {Threei} for a day trade - if syas above .90
[12:33] {Threei} so far, narrow, boring and empty day
[12:33] {Threei} 15 points NQ range
[12:34] {_jfjf64} FAZ INVALIDATED???
[12:34] {Threei} ouch
[12:34] {Threei} don't scream at me please... I am easily scared
[12:34] {_jfjf64} LOL
[12:34] {Threei} yes, unless goes through new consolidation
[12:35] {nemo} Great...had lunch and din't miss anything
[12:35] {Threei} lol
[12:35] {nemo} GE vad?
[12:35] {Threei} don't know
[12:35] {Threei} want a strange play?
[12:36] {nemo} yeah, me neither, that's why I asked you
[12:36] {Threei} Long Setup: UBS 11 break
[12:37] {magoo} in
[12:40] {nemo} what's the stop on UBS, Dude?
[12:40] {nemo} a breakout at lunch? mmmmmhhhh
[12:41] {Threei} for hardcore scalpers closest support, .95... but those already had their 1:1
[12:41] {Threei} otherwise under .90
[12:42] {dptl} oh just stepped away for sec and missed that one
[12:44] {dptl} may be now?
[12:44] {Threei} with strength resumption
[12:44] {dptl} ok
[12:44] {Threei} watch FAS for help
[12:45] {Threei} there you go
[12:45] {dptl} ok in .01
[12:45] {larisa} I am starting new business : diapers for daytraders, that will have quotes, scans and let you stare at your monitor without interraptions 24/7 :)
[12:45] {Threei} sounds like a winner
[12:46] {ese} HEY!!!!!!! GUESS WHAT???? I'M LONG FITB .754!!! GONNA SCALE BY WAY IN EHHHHHH!!!!!
[12:46] {nemo} I keep my treestand bottle next to my desk
[12:46] {nemo} ese...skip your medication this morning?
[12:46] {dptl} stop under .90 for me
[12:47] {ese} ahhhhhhhh.....i think i did.....yes.....i did
[12:47] {ese} let me take care of that right now.........
[12:47] {nemo} scaaaarrrrryyyyyy.....
[12:47] {dino} ip, oc, pjc
[12:47] {ese} HOWS THAT!!!!!
[12:47] {Threei} PREVIEW: APRIL NAHB HOUSING MARKET INDEX DUE OUT AT 1PMET
[12:47] {Threei} **consensus expectation: 10e v 9 prior
[12:47] {Threei} - estimates range from 8 to 12
[12:47] {Threei} - the index hit a record low of 8 in Jan 2009.
[12:48] {ese} drys is ticking me off though.....
06[12:49] * nemo kicks drys with spiked steel toe army boots for ese
[12:50] {ese} tks
[12:50] {ese} could use all the help it can get
[12:50] {dptl} ge?
[12:50] {Threei} don't know
[12:50] {nemo} I asked dp, got the same answer
[12:51] {dptl} :)
[12:52] {Threei} what a yawner of a day
[12:53] {dptl} may be ubs don't know it has to look at fas?
[12:53] {ese} i'm likin the fitb is lookin."as he say sheepishly"...not wanting to up set the master
[12:54] {nemo} GE gettin' uppity
[12:54] {ese} way ftib is lookin
[12:54] {Threei} I actually scalped it ese :)
[12:55] {ese} nice......may i ask how
[12:55] {nemo} RIMM break of .40?
[12:55] {Threei} was a bit late... .78 - .85
[12:55] {ese} beauty ...how shs
[12:55] {Threei} RIMM, I am not sure... I'd expect much wider action from this one
[12:56] {Threei} way too narrow today
[12:56] {nemo} maybe calming down after that last couple of weeks
[12:56] {Threei} we tightened stop on it to 5 cents (!) and didn't get stopped
[12:56] {Threei} do you remember RIMM honoring such stops ever?
[12:57] {nemo} look @ the pretty C&H between 11:10 ad 11:30 on wfc
[12:57] {nemo} nice volume drop off on the handle
[13:00] {dptl} wow...
[13:00] {dptl} now what?
[13:00] {Threei} APR NAHB HOUSING MARKET INDEX: 14 V 10E
[13:03] {ese} closed out fitb .83 +.08 and drys .09 +.07
[13:03] {dptl} Vad should i trail ubs stop to under .94 now?
[13:03] {Threei} sure
[13:03] {dptl} ok ty
[13:04] {Threei} doesn't behave afer that initial spike
[13:04] {Threei} case of not only "the first break is the best break", but also "first break is the only break", lol
[13:05] {nemo} the first break was an inverted hammer...not good by Japanese standards
[13:05] {nemo} RIMM you SOB!
[13:07] {ese} am outta here for the day everyone....see you all tomorow....definately a blast hangin with you all
[13:08] {Threei} take care ese, we like you too
[13:08] {ese} see ya vad
[13:08] {Threei} group hug
[13:08] {nemo} oy
[13:08] {Threei} flowers fall from the sky
[13:08] {nemo} manna from heaven
[13:08] {nemo} birds singing
[13:08] {nemo} lion and antelope nestle together on the plain
[13:08] {Threei} Mozart in the background
[13:08] {nemo} democrats and republicans become drinking buddies
[13:09] {nemo} oh, shit, that's in Hell.
[13:09] {dptl} stopped ubs
[13:09] {Threei} Arafat cries on the shoulder of Netanyahu
[13:09] {nemo} He's dead
[13:09] {nemo} RIMMM!!!!
[13:10] {dptl} -.09 ubs
[13:13] {dptl} see?
[13:13] {Threei} see what?
[13:14] {magoo} here comes the lecture he he
[13:14] {dptl} lol.....30 with .20 stop?
[13:14] {Threei} rofl, you mean stock SEE??
[13:15] {dptl} roflol yeah
[13:15] {magoo} oh..lol
[13:16] {Threei} ok, that one goes down in the hall of fame
[13:16] {Threei} and no, I don't like this break
[13:16] {vinod} vad -still holding Feed and F?
[13:16] {dptl} ok ty :)
[13:16] {Threei} FEED no, sold on a spike over 1:1 earlier
[13:17] {Threei} F, I haven't played it this week at all
[13:17] {vinod} thanks
[13:17] {dino} bkc l .05
[13:20] {vinod} when I has no work at job market is boaring
[13:21] {vinod} and when there is lots of work market is exiting and i can't play
[13:21] {nemo} Murphy's corrollary
[13:22] {dptl} ok,going for a smoke
[13:22] {Threei} WHITE HOUSE: STRESS TEST RESULTS TO BE RELEASED IN MAY IN A 'COORDINATED' METHOD
[13:22] {Threei} what a bullcrap
[13:22] {nemo} taurine excrement
[13:23] {Threei} I've never seen such open admission of manipulation of public perception
[13:23] {vinod} what happen to april?
[13:23] {nemo} I thought you lived in the Soviet Union?
[13:24] {Threei} "we will show tyou the bits and pieces of carefully crafted information in order to create certain impression in you" - and it's being said openly
[13:24] {vinod} it is my dream to visit there
[13:24] {Threei} I did... and no one ever said there "yes we manipulate your perception"
[13:24] {Threei} visit what vinod? Soviet Union?
[13:24] {Threei} I have bad news for you then
[13:25] {vinod} yes soviet union
[13:25] {Threei} you are 20 years late
[13:26] {Threei} Conquest Vacation is out of business today
[13:26] {Threei} one of biggest travel agencies in Canada
[13:27] {Threei} PREVIEW: PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET
[13:28] {Threei} what is it you want to see there vinod?
[13:36] {magoo} we in anything boss?
[13:36] {Threei} coma
[13:37] {magoo} u make good dough yesterday without magoo?
[13:37] {Threei} much better than today
[13:37] {Threei} so I'd think it's your fault
[13:38] {nemo} Principle: Always blame the guy who isn't there so he can't defend himself
[13:39] {vinod} vad-Too many good stories was going on Indian TV about USSR when I was child
[13:39] {vinod} Lot to do with political relation
[13:39] {Threei} well... I hate to rain on your parade but they were lies :)
[13:40] {nemo} BKC dino...
[13:40] {Threei} if you go though, see St Petersburg first of all
[13:40] {dino} in it a bit high
[13:41] {vinod} Now a day it is all about Israel. 80K visiting India/year
[13:42] {vinod} will see you tomorrow
[13:42] {Threei} take care vinod
[13:44] {Threei} GM
[13:44] {Threei} CONFIRMS BLACK OAK PARTNERS IS AMONG A GROUP BIDDING FOR SATURN ASSETS; NOTES THERE ARE MULTIPLE BIDDERS FOR THE SATURN BRAND
[13:44] {Threei} - GM plans to give an update to its dealers in the next two weeks
[13:45] {Threei} I must be from another planet
[13:45] {Threei} I can't understand who would want Saturn
[13:46] {Threei} wow RIMM
[13:46] {Threei} should be a bounce soon
[13:46] {dino} why would anyone want saturn, it's never made money
[13:46] {Threei} and ugly
[13:46] {Threei} and crappy car
[13:49] {Threei} speaking of cars...
[13:49] {Threei} fighting temptation to switch from my beloved Murano to Infiniti FX 35...
[13:50] {_jfjf64} Q45 BIG GUY
[13:51] {Threei} nah, not my type
[13:51] {Threei} FX on the other hand...
[13:51] {_jfjf64} WIFE DRIVES FX LOVES IT
[13:52] {Threei} could you turn caps down please? :)
[13:52] {Threei} told you I am easily scared, lol
[13:52] {_jfjf64} lollol
[13:52] {Threei} I love FX... amazingly personalized car, totally feels like there is just one copy built for you
[13:53] {Threei} in absence of roads to utilize its power, find it hard to justify the additional expense and fuel-non-economy... :)
[13:54] {Threei} so it's reason vs emotions
[13:54] {_jfjf64} low
[13:56] {magoo} beige bk in few?
[13:56] {Threei} yes
[13:56] {Threei} 4 min
[13:56] {Threei} aka lately as beige book with black pages
[13:58] {dino} lufk
[14:00] {Threei} FED'S BEIGE BOOK: NATIONAL ECONOMY CONTRACTED SLOWER IN 5 OF 12; REMAINED WEAK 2PM
[14:01] {_jfjf64} axp on mission
[14:01] {Threei} HOUSING MARKETS HAD SIGNS OF WEAK STABILIZATION
[14:01] {Threei} - Credit remained tight across regions;
[14:01] {Threei} what's with it?
[14:02] {Threei} REPORTS MARCH MASTER TRUST; NET CHARGE OFFS 8.8% V 9.3% M/M, 8.3% IN JANUARY
[14:02] {Threei} - Delinquencies:
[14:02] {Threei} - Owned basis 30 days past due 5.1% of total loans v 5.3% m/m
[14:02] {Threei} - Managed Basis 30 days past due 5.1% v 5.3% m/m
[14:03] {Threei} V followed the suit
[14:07] {Threei} 19 break long
[14:07] {Threei} if stays above .90
[14:07] {dptl} ?
[14:07] {Threei} AXP
[14:07] {Threei} sorry
[14:08] {nemo} oh well
[14:08] {nemo} I almost bought V
[14:10] {dino} out deck .90, +.40 all day
[14:10] {larisa} nice
[14:11] {dino} ty
[14:12] {dino} thing falls fast
[14:12] {Threei} - A few regions saw indications that economic activity was stabilizing at a low level; manufacturing continued to decline in most districts; auto dealers continued to struggle in March.
[14:12] {Threei} - non financial services continued contraction across districts; retail spending 'sluggish'; signs of slight imporvement in sales.
[14:12] {Threei} - Pressures on prices were to downside.
[14:12] {Threei} - Non residential real estate continued to deteriorate with demand falling for office, industrial, and retail space
[14:17] {dino} deck lods
[14:18] {dino} lufk too
[14:20] {Threei} what a chaos
[14:20] {nemo} Mmmmmmhhhhh....Get Smart
[14:21] {dino} whacko markets today again
[14:21] {nemo} Bounce scalping in the 3-4 hour
[14:22] {dino} deck drops buck in 7 minurtes
[14:23] {dino} markets are just instant reactions to news anymore
[14:25] {nemo} LOD on RIMM .11
[14:27] {Threei} DECK looks bouncy to you dino?
[14:30] {dino} was just thinking that
[14:31] {dino} lufk too
[14:33] {dino} sm l lufk .80
[14:33] {dino} my entries suck this week
[14:41] {dino} lufk stopped
[14:41] {dptl} ge short?
[14:41] {Threei} don't know
[14:43] {Threei} DECK not making new lows with NASDAQ anymore
[14:43] {Threei} could be ready for bounce when NASDAQ reverses
[14:44] {dptl} spread
[14:45] {Threei} US HOUSE PANEL TO REPORTEDLY HOLD A MEETING ON RESOLUTION AUTHORITY ON MAY 5, 6 FOR SYSTEMICALLY IMPORTANT COMPANIES - UNCONFIRMED REPORT
[14:57] {magoo} stalking anything boss?
[14:58] {Threei} WFC
[14:58] {dino} intc
[14:58] {Threei} DECK
[15:00] {magoo} ok
[15:02] {dino} you get deck vad
[15:02] {Threei} yeah
[15:03] {dino} waited 58.70, no fill
[15:03] {Threei} I took .82
[15:04] {_jfjf64} ??
[15:04] {Threei} I have no idea how you define exits on these dino
[15:04] {Threei} not my kind at all
[15:05] {dino} lufk 29s
[15:05] {dino} .50 hard to get thru imo, so under that
[15:06] {nemo} crissakes RIMM
[15:06] {Threei} whatever, I am out .34 and .32
[15:06] {dino} but usually .40 up, hard stop and let it trade
[15:06] {Threei} I can't read these things :)
[15:06] {Threei} that was trade in your name
[15:09] {dino} partial .70
[15:12] {dino} giddy-up
[15:12] {magoo} AXP high
[15:13] {magoo} wfc high
[15:13] {magoo} bac high
[15:15] {magoo} financials acting like good report coming in jpm
[15:17] {magoo} who is the one named magoo of which all of you ignore?
[15:18] {Threei} that's a very complicated questiona
[15:19] {dino} some dork
[15:19] {Threei} frkin WFC
[15:19] {magoo} all those stox ripped higher
[15:20] {dino} look at bkc rebound
[15:21] {dino} two days of rinse r oni for me
[15:21] {magoo} im up huge
[15:22] {Threei} congratulations
[15:22] {magoo} nah
[15:22] {magoo} just in a zione'
[15:22] {magoo} zone
[15:22] {magoo} still cant type
[15:22] {Threei} next time if you don't share your entries and come back bragging of your gains, I'll slap the living hell out of you
[15:23] {Threei} on the day when I am cold as cucumber, no help whatsoever
[15:23] {Threei} actually... why wait for the next time
06[15:23] * Threei slaps magoo around a bit with a large trout
[15:23] {magoo} [15:13] {magoo} AXP high
[15:23] {magoo} [15:14] {magoo} wfc high
[15:23] {magoo} [15:14] {magoo} bac high
[15:23] {magoo} [15:16] {magoo} financials acting like good report coming in jpm
[15:23] {magoo} [15:18] {magoo} who
06[15:23] * Threei slaps magoo around a bit with a large roll of cash
06[15:23] * Threei slaps magoo around a bit with a large chart of uptrending market
[15:24] {Threei} ok, feeling better
[15:24] {magoo} glad to help
[15:27] {magoo} look long JPM next pullbk
[15:27] {magoo} close to 32
[15:27] {magoo} half lot..trisky
[15:29] {Threei} today is a mess... I can't get a firm grip on the rythm
[15:30] {magoo} mkts are so whippy anymore
[15:30] {dino} same here
[15:30] {magoo} i took jpmn
[15:30] {magoo} jpm
[15:31] {magoo} in .25
[15:31] {magoo} stop .97
[15:31] {dino} careful
[15:31] {magoo} not liking it with futes falling
[15:35] {magoo} really need mkts to blast off here
[15:37] {Threei} can't believe it... you know how I finish the day, money wise?
[15:37] {Threei} up $4
[15:37] {Threei} 4.00
[15:37] {Threei} rofl
[15:37] {magoo} 400 hundred
[15:38] {Threei} why did I even wake up today?
[15:38] {dino} 46 here
[15:38] {magoo} to hang with magoo
[15:38] {Threei} that must be it
[15:39] {Threei} laserdave, you here?
[15:39] {laserdave} howdy
[15:39] {Threei} please submit my today's profit to the fund of salvation of Amazon rainforest
[15:39] {Threei} I want to make those $4.00 useful;
[15:40] {magoo} JPM
[15:40] {Threei} good one mags
[15:40] {magoo} looking for .60 area
[15:41] {dino} deck to .19
[15:42] {dino} to .28
[15:42] {magoo} theres .30 cents regardless
[15:42] {dino} to .37
[15:42] {dino} to .40
[15:43] {Threei} jeex AXP
[15:43] {dino} out +.67
[15:43] {Threei} wtg dino, you did much better on it that I
[15:43] {dino} thats how 3i
[15:43] {dino} lock in .40, then trail tight
[15:43] {dino} well that added 300
[15:47] {dino} they need to stop publishing the efficient market theory books
[15:47] {Threei} they can't... that would mean they need to write new ones
[15:50] {magoo} stop on jpm is now .25 flat'
[15:50] {magoo} want .60 area
[15:52] {magoo} .61
[15:52] {magoo} .65
[15:52] {magoo} out .67
[15:52] {magoo} ty vad
[15:52] {Threei} wtg
[15:53] {magoo} wtg= what the goo
[15:53] {magoo} goo=magoo
[15:56] {fernp} good evening. see you all tomorrow
[15:56] {magoo} cu fernp
[15:56] {Threei} take care fern
[15:56] {Threei} quite amazing rally at the eod
[15:56] {Threei} for the world of me I didn't see it coming
[15:57] {dptl} have a good evening all
[15:57] {larisa} bye all :)
[15:57] {Threei} take care larisa
[15:57] {magoo} bye u 2
[15:57] {dino} take care all
[15:57] {Threei} thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[16:00] {Threei} (US) TREASURY: WON'T CALL CHINA A CURRENCY MANIPULATOR
[16:00] {Threei} {China} what a relief... we were so scared
