Apr 20 2009

Not a stellar day. A few nice plays on DNDN, RIMM, CAT were outnumbered but small but a few too many stops. Not deep but in red.

Session Time: Mon Apr 20 00:00:00 2009

[07:51] {Threei}  DNDN

[07:51] {Threei}  LAZARD RAISED DNDN TO BUY FROM HOLD, PRICE TARGET: $25

[07:52] {Threei}  04/19/09 10:01am

[07:52] {Threei}  [DNDN] Dendreon Corp Presents Phase III data on Provenge potency and immune responses in prostate cancer

[07:52] {Threei}  - Co presented today data from its PROTECT (PROvenge Treatment and Early Cancer Treatment) or P-11 Phase 3 study suggesting that PROVENGE (sipuleucel-T) induces long-term memory immune responses that are durable and can be maintained following boosting.

[07:54] {Threei}  JAVA

[07:54] {Threei}  ORACLE BUYS SUN MICROSYSTEMS FOR $9.50/SHR IN CASH, DEAL VALUED AT $7.4B (LAST $6.69)

[07:55] {Threei}  04/20/09 07:00am

[07:55] {Threei}  [BAC] Bank of America Corp Reports Q1 $0.44 v $0.04e, R $35.8B v $27.1Be

[07:55] {Threei}  - Provision for credit losses $13.38B v $8.53B q/q, $6.01B y/y

[07:55] {Threei}  - Q1 Credit extended $183.1B v $180.8B q/q

[07:55] {Threei}  - Q1 ROE 7.10% v -6.68% q/q

[07:55] {Threei}  --Q1 ROA 0.68% v -0.37% q/q

[07:55] {Threei}  - Q1 Tier 1 ratio 10.09% v 7.51% y/y

[07:55] {Threei}  - Q1 Provision for credit losses $13.4B v $8.53B q/q

[07:55] {Threei}  - Q1 Net charge-offs $6.94B v $5.54B q/q

[07:55] {Threei}  - Q1 Total managed net losses $9.12B v $22.9B q/q

[07:55] {Threei}  - Q1 Nonperforming assets $25.7B v $18.2B q/q

[07:56] {Threei}  - Q1 Global Banking Rev $4.64B v $3.86B y/y, Efficiency ratio 54.11% v 45.13% y/y

[07:56] {Threei}  - Q1 Global Markets $6.79B v -$848M y/y, Efficiency ratio 45.04%

[07:56] {Threei}  - Q1 Global Wealth and Investment Management Unit Rev $4.36B v $1.98B q/q, Efficiency ratio 75.41% v 53.77% q/q

[07:56] {Threei}  - Q1 Deposits Rev $3.46B v $4.15B y/y, Efficiency ratio 68.2% v 53.37% y/y

[07:56] {Threei}  - Q1 Global Card Services $7.46B v $7.87B y/y, Efficiency ratio 27.83% v 27.95% y/y

[07:56] {Threei}  - Q1 Home Loans & Insurance $5.22B v $1.37B y/y, Efficiency ratio 50.73% v 52.66% y/y

[07:56] {Threei}  04/19/09 10:43pm

[07:56] {Threei}  [BAC] Bank of America Corp Longtime shareholder, Eliasberg family, is losing faith in the firm and CEO Lewis - NYT

[07:56] {Threei}  - Eliasberg owns a "substantial" number of Bank of America shares for an individual.

[07:56] {Threei}  - Note: On Friday's session, proxy advisory firm Glass Lewis recommended that shareholders vote against the re-election of CEO Lewis at April 29 annual meeting - CNBC

[08:35] {nemo} anything on F this morning yet?

[08:35] {fernp} Hello everybody

[08:36] {Threei}  fern :)

[08:36] {Threei}  04/20/09 04:39am

[08:36] {Threei}  [F] Ford Motor Co Chinese sales to be comparable or better than industry rivals in 2009

[08:36] {Threei}  - Have seen sales accelerate following the end of Q1

[08:38] {Threei}  04/19/09 09:43pm

[08:38] {Threei}  (US) White House Chief of Staff Emanuel: The administration plans to put in place new energy legislation by the end of the year, with stated goal to include provision for climate change

[08:38] {Threei}  - Comments made on ABC's "This Week with George Stephanopoulos."

[08:38] {Threei}  - House Energy and Commerce Committee to commence hearings on proposed legislation limiting greenhouse gas emissions as early as this week. Proposed legislation could then require acquisition of permits to release carbon into the atmosphere.

[08:38] {Threei}  - Energy and Commerce Committee Chairman Waxman requested that a bill, including measures addressing energy efficiency and development of related technology, would pass through the committe by late May before the House vote later in 2009.

[08:38] {Threei}  - Senate Majority Leader Reid is calling for cap-and-trade legislation by mid-2009

[08:38] {Threei}  - Note, earlier last week, EPA announced it plans to proceed with regulation of carbon dioxide, holding polluters accountable under Clean Air Act

[08:38] {Threei}  - On Mar. 5th, House Majority Leader Hoyer noted that Congress could pass a climate-change bill by late May

[08:38] {dptl} good morning

[08:39] {Threei}  dp :)

[08:53] {pita} gm everyone

[08:53] {Threei}  pita :)

[08:53] {cosmo} but ... but, CO2 is a neutrient

[08:53] {cosmo} to life on earth

[08:53] {Threei}  so what

[08:53] {Threei}  politicians said it's bad

[08:53] {cosmo} it stinks

[08:54] {cosmo} not CO2 tho

[08:54] {cosmo} i think they still think its CO ... hmph

[08:55] {cosmo} climate changes happens ...sheesh

[08:56] {Threei}  don't fight it cosmo... they decided we have to pay, and that's that

[08:57] {cosmo} just don't take away my 1986 honda

[08:57] {cosmo} its a classic

[08:58] {Raven} Washington will soon make you junk that sucker cosmo and they will pay you $5K to do that

[08:58] {cosmo} ughhh

[08:58] {Raven} yes ... your classic will be crushed into a square package

[08:59] {cosmo} i do 5K in maintenence ...give me a break

[08:59] {Raven} they will not care ... the Honda is history

[08:59] {Threei}  and in the process of destruction it will release more C)2 than it would during its entire life

[08:59] {cosmo} they know that

[09:00] {Raven} cosmo will have to take anxiety drugs

[09:00] {cosmo} you mean... more?

[09:01] {Raven} stronger dose maybe

[09:01] {cosmo} but i'm maxed out

[09:01] {Raven} that is trouble then

[09:01] {cosmo} sigh .... need coffee....brb

[09:01] {Raven} lol

[09:02] {ese} good morning

[09:02] {Threei}  ese :)

[09:03] {magoo} morning

[09:03] {Threei}  magoo :)

[09:04] {magoo} we got to make $$ early today vad so i can go to hospital 

[09:05] {Threei}  great

[09:05] {Threei}  I'll be back tomorrow

[09:05] {larisa} good morning :)

[09:05] {Threei}  larisa :})

[09:06] {larisa} threei :)

[09:06] {ese} hospital?

[09:07] {cosmo} PALM pre mkt spike high = 10.49   fwiw

[09:08] {Threei}  06:12am [PALM] BofA/Merrill Lynch Raised PALM to Buy from Neutral, price target: $14

[09:08] {Threei}  04/17/09 07:29am [PALM] Morgan Joseph Cuts PALM to Hold from Buy, price target: $10more.. - on valuation

[09:08] {Threei}  make your pick

[09:08] {cosmo} 10

[09:09] {magoo} [09:07] {ese} hospital?

[09:09] {magoo} yeah, here on crutches, may have broke ancle motocross racing with son yesterday 

[09:09] {Threei}  ouch

[09:10] {ese} ya .....i'm visiting vad at vic general tonight?

[09:10] {Threei}  me?

[09:10] {ese} oh oh oh....sorry it's mags in the hospital....appologies

[09:11] {ese} don't know if I can geth there mags

[09:11] {ese} faz....great looking daily chart

[09:12] {Threei}  FAZ formed 9.80 resistance so far

[09:12] {Threei}  it's also the high of Fri

[09:12] {Threei}  JPM 32.10 support to break

[09:12] {ese} if it gets past 10 vad......ouuuuuuuu  sky could be the limit

[09:13] {Threei}  if you want premarket gamble, mags, here are two

[09:13] {Threei}  JPM can snapback harshly

[09:14] {Threei}  thin trading

[09:14] {ese} java up huge also.....news?

[09:14] {Threei}  ORCL bought it for 9.50

[09:14] {ese} ahhhh

[09:15] {wulff} [=======]

[09:15] {Threei}  I'll take it as "good morning"

[09:16] {Threei}  DNDN will probably be a hot battlefield again

[09:16] {jfjf64} mornin all

[09:17] {Threei}  jf :)

[09:21] {dino} gm all

[09:21] {Threei}  dino :)

[09:21] {Threei}  06:46am [LVS] JPMorgan Raised LVS to Overweight from Neutral, price target: $8

[09:24] {vinod} gm to all

[09:24] {Threei}  vinod :)

[09:25] {Threei}  US TREASURY SPOKESMAN: WE DO NOT HAVE RESULTS FOR THE STRESS TESTS YET

[09:29] {magoo} vad, wheres goio entry FAZ u think?

[09:29] {Threei}  I said earlier, .80 break

[09:29] {Threei}  now gotta wait for pullback or new consolidation

[09:30] {magoo} ok

[09:30] {magoo} cut me some slack

[09:30] {magoo} pain

[09:32] {Threei}  same for JPM... 32.10 was short trigger

[09:32] {magoo} yup

[09:32] {magoo} nice calls

[09:33] {ese} missed faz.....

[09:33] {Threei} Long Setup:  DNDN  .85 half lot

[09:33] {Threei}  stop under .70

[09:33] {Threei}  very risky

[09:34] {dptl} in

[09:34] {magoo} in 

[09:34] {Threei}  1:1

[09:34] {magoo} out .02 TY

[09:34] {magoo} full lot

[09:34] {Threei}  1:2, out

[09:35] {Threei}  scary thing

[09:35] {jfjf64} out ty

[09:35] {jfjf64} scary

[09:35] {Threei}  that's why half lot call

[09:35] {Threei}  for al but magoo {G}

[09:35] {dptl} out .03 ty

[09:35] {magoo} u want scary..take1k GS lol

[09:36] {magoo} DONT

[09:36] {Threei}  lol

[09:37] {Threei}  NTAP

[09:37] {Threei}  TICKING HIGHER AS CNBC GUEST SPECULATES ON COMAPNY'S PROSPECTS AS AN ACQUISITION TARGET AFTER RECENT JAVA/ORCL DEAL ANNOUNCEMENT

[09:37] {magoo} everyone expects and wants a pullbk in mkts...what would kill the most? a rally to green

[09:38] {Threei}  DNDN... sheesh

[09:38] {Threei}  BAC EXECUTIVE: REITERATES THAT MERRILL AND COUNTRYWIDE ADDED TO Q1 RESULTS -SLDIE PRESENTATION

[09:38] {ese} faz pulling back

[09:42] {Threei} Long Setup:  LVS  .20 break

[09:42] {dptl} in

[09:43] {dptl} stop under .10?

[09:43] {Threei}  stop for hardcore scalpers .14, for day trade under .10

[09:44] {ese} L faz .18

[09:44] {Threei}  no worky

[09:45] {dptl} stopped

[09:45] {Threei} Long Setup:  DNDN  .65 if stays above .50

[09:47] {dptl} in

[09:47] {magoo} in

[09:48] {ese} L faz again avg .22

[09:48] {Threei}  over 1:1

[09:49] {magoo} out .80 FL

[09:49] {magoo} ty 

[09:49] {dptl} ah out .75 ty

[09:50] {jfjf64} out.78 ty

[09:50] {wulff} out .79

[09:51] {magoo} hit-n-run day boyz :)

[09:52] {Threei}  and who is to know better than a guy on the crutches {G}

[09:52] {Threei}  MSF CEO: VERY SURPRISED BY ORACLE/SUN ANNOUNCEMENT

[09:52] {Threei}  {JAVA CSCO}

[09:52] {magoo} half way there vad

[09:53] {ese} out FAZ .34 +.12

[09:54] {Threei}  GE...

[09:54] {Threei}  looks like time to start looking for bounce

[09:54] {Threei}  .65 long if stays above .60

[09:55] {nemo} that sucked

[09:55] {Threei}  ?

[09:55] {nemo} let's just say the broadband connections in Maine are neither robust nor dependable

[09:56] {ese} wonder whats driving faz....technical?

[09:56] {Threei}  all finnies are very weak

[09:56] {Threei}  BAC report is not being perceived well

[09:56] {ese} dino what are you looking at...

[09:58] {dino} axys, rimm

[09:58] {dino} l ,25 intc

[09:58] {dino} titn

[09:58] {dino} vivo

[09:59] {dptl} still valid ge?

[09:59] {ese} short rimm around 66.60

[09:59] {dino} wtg

[09:59] {Threei}  I think so

[09:59] {dino} i want bounce, but gap way under

[09:59] {dptl} oh in .66

[10:00] {Threei}  *MAR LEADING INDICATORS: -0.3% V -0.2%E

[10:00] {ese} no....i haven't shortted rimm yet was thinking around 66.60 on a bounce

[10:00] {magoo} DNDN

[10:00] {dino} schw around 16.65

[10:00] {Threei}  CITI ANALYST NOTES JP MORGAN IS WELL POSITIONED TO PASS GOVERNMENT STRESS TESTS, DOES NOT SEE ANY NEED FOR FIRM TO RAISE MORE CAPITAL

[10:01] {dptl} stopped ge

[10:01] {dino} next jpm will say same about citi

[10:02] {Threei}  lol

[10:03] {Threei}  ummmm

[10:03] {Threei}  FED'S BERNANKE: GLOBAL ECONOMY CONTINUES TO EXPERIENCE UNUSUAL TRUBULANCE

[10:03] {Threei}  unusual?

[10:03] {Threei}  you don't say

[10:05] {ese} unusual turbulence??.....as opped to usual turbulence

[10:05] {Threei} Long Setup:  BAC  .30 break

[10:06] {ese} scary....this guy is in charge of the bigest economy in the world.....

[10:06] {Threei}  offer half just above .40, scalpers take profit

[10:06] {magoo} in bac

[10:06] {ese} missed it

[10:07] {nemo} yeah

[10:07] {dptl} missed

[10:07] {Threei}  DNDN... much as I hate to buy breaks on it, 20 looks very tempting

[10:08] {magoo} in 98

[10:09] {nemo} blew by my .01

[10:09] {nemo} BAC still good for entry?

[10:09] {magoo} out dndn TY vad

[10:09] {Threei}  see where it bottoms out on this pullback,

[10:10] {Threei}  buy recross of .30

[10:10] {nemo} yes

[10:10] {Threei}  good timing on DNDN exit mags

[10:10] {magoo} yeah..not bad for being doped up

[10:11] {dino} just say "no" magoo

[10:12] {Threei}  lol

[10:12] {ese} NILE dino

[10:14] {nemo} short bac on break of low?

[10:14] {Threei}  nah

[10:15] {Threei}  long is not working

[10:15] {Threei}  but short is very dicey

[10:15] {Threei}  BAC CEO: LOOKING ACROSS ALL BUSINESS UNITS FOR POSSIBLE DIVESTITURES; FIRST REPUBLIC IN PROCESS AT THE MOMENT - CONF CALL

[10:15] {Threei}  sheesh, conference call in progress

[10:15] {Threei}  leave it alone

[10:17] {Threei}  AMZN

[10:18] {Threei}  bounce must be close

[10:18] {ese} I don't understand what FAZ is......what does it represent

[10:18] {Threei} Long Setup:  AMZN  .50 break if stays above .30

[10:18] {Threei}  this is triple short of financial sector ese

[10:19] {Threei}  buying it you go short on finnies

[10:19] {ese} so it functions like QID ...opposite market

[10:19] {dptl} in amzn

[10:19] {Threei}  yes, only in financial secotr, not whole market

[10:19] {ese} tks ..got it

[10:21] {Threei}  market still hasn't stabilized

[10:21] {dptl} geez stopped amzn

[10:23] {dptl} was so fast -.33

[10:23] {nemo} relative volume is way up there so far

[10:25] {dino} axys sm l .15

[10:27] {nemo} Leading Economic Indicators Index in U.S. Fell 0.3% in March 

[10:27] {Threei}  [10:00] {Threei} *MAR LEADING INDICATORS: -0.3% V -0.2%E

[10:27] {nemo} computer problems

[10:29] {dino} ofix sm l .95

[10:30] {ese} L QID .98

[10:31] {Threei}  BAC CEO: COMPANY ABSOLUTELY DOES NOT NEED MORE CAPITAL

[10:32] {Threei}  market: we absolutely are not convinced

[10:33] {ese} out QID ..05 +.07

[10:33] {Threei}  anyone see any news on SCON?

[10:34] {ese} not I

[10:36] {cosmo} http://finance.yahoo.com/news/American-Superconductor-bw-14968727.html?.v=1

[10:37] {cosmo} ....sympathy

[10:37] {Threei}  that's some sympathy

[10:38] {cosmo} a stretch

[10:39] {cosmo} Department of Energy will award about $4 billion in grants under the stimulus package to improve the nation's electric grid.

[10:40] {dino} sm wide wynn l .49

06[10:41] * magoo slaps laserdave around a bit with a large trout

[10:43] {Threei}  why does MS defy gravity?

[10:44] {jfjf64} crazy

[10:44] {dino} titn sm l .08

[10:45] {Threei}  not anymore

[10:45] {jfjf64} lol

[10:46] {pita} will BAC bounde off 9?

[10:49] {Threei}  feels to me like bottom is close

[10:49] {Threei}  for everything - finnies and market

[10:49] {Threei}  and overrall... this whole drop has a taste of engineering

[10:50] {nemo} Plunge Production Team?

[10:50] {dino} well you are one by trade

[10:50] {dino} no, its options exp hangover from fri

[10:50] {nemo} oh...dino's going for your title vad

[10:57] {magoo} bounce time AAPL RIMM AMZN vad?

[10:57] {magoo} DNDN?

[10:57] {Threei}  don't puish mags

[10:57] {Threei}  I don't know

[11:02] {Threei} Long Setup:  CAT  .60 break if stays above .50

[11:04] -} *chanserv* ACCESS #floor ADD _rook 1

[11:04] {dptl} in

[11:04] {nemo} in

[11:05] {magoo} in

[11:06] {dptl} half out

[11:07] {nemo} half out

[11:07] {Threei}  1:1

[11:07] {jfjf64} out

[11:07] {magoo} im thinking .8area9

[11:08] {magoo} .80 area

[11:08] {ese} Lfaz .45

[11:09] {dptl} out more .79

[11:09] {nemo} out .79

[11:10] {Threei}  1:2

[11:11] {dptl} all out .87 ty

[11:11] {Threei}  welcome, well played

[11:11] {ese} out faz .50 +.05

[11:11] {dptl} +.10 +.19 +.27

[11:13] {dino} strange, big drop and sits

[11:14] {dino} gj guys

[11:15] {magoo} waiting .97

[11:15] {magoo} greeddy i guess

[11:15] {wulff} bad kitty

[11:15] {ese} should be bounce time aapl......i'm with ya mags

[11:17] {dino} vivo l .55, stop lod

[11:18] {Threei} Long Setup:  RIMM  .55 break

[11:18] {Threei}  if stays above .40

[11:18] {wulff} still feel a rally coming

[11:18] {Threei}  me too

[11:19] {Threei}  timing is not easy

[11:19] {Threei}  but gotta try

[11:19] {ese} thats what i'm thinkin for rimm vad

[11:19] {magoo} in rimm

[11:20] {dptl} in rimm .58

[11:20] {nemo} missed

[11:20] {Threei}  if this is it, RIMM 66 should be easy

[11:20] {ese} l rimm

[11:20] {ese} .43

[11:21] {nemo} in rimm

[11:21] {magoo} just do not rinse us mother mrk

[11:21] {magoo} market

[11:22] {ese} 2nd that

[11:22] {Threei}  would like to see now .50 holding, .65 - .70 zone taken

[11:23] {magoo} kickin CAT

[11:23] {dptl} out some .70

[11:23] {Threei}  and next spike should take us into .80 - .85 zone

[11:23] {ese} out rimm .66 =}23

[11:23] {ese} +.23

[11:25] {magoo} changing cat exit 31.07

[11:25] {dino} gj

[11:25] {nemo} half out rimm .72

[11:25] {Threei}  half out RIMM .76

[11:26] {nemo} where stop .56?

[11:26] {magoo} out CAT .93 changed monid TY

[11:26] {Threei}  .54 for me

[11:26] {Threei}  welcome mags

[11:30] {nemo} out rimm

[11:31] {dptl} out last rimm

[11:32] {ese} whoaaa it wasn't rimm i was in it was apple.......might be time to stop trading today

[11:32] {Threei}  lol ese

[11:32] {nemo} wow ese

[11:33] {ese} didn't see the symbol, just the pattern.....thought it was rimm

[11:33] {Threei}  as long as you make money...

[11:33] {ese} I did

[11:33] {nemo} trading in zen,,,subconscious trading

[11:34] {magoo} out rimm .69 TY vad

[11:34] {Threei}  ese gives new meaning to "kicking a$$ and taking names"

[11:34] {ese} bizzare ...was looking at order confirmations and went....where the hell is rimm....weird

[11:34] {dino} nice

[11:34] {magoo} fell out of chaird

[11:34] {magoo} layte post

[11:38] {nemo} RIMMM seting up again?

[11:38] {Threei}  not sure

[11:38] {Threei}  no conviction yet

[11:38] {jfjf64} lk that

[11:38] {nemo} me neither, that's why I asked?  .ooks like NDX might be picking up

[11:39] {Threei}  you guys make me feel better about my typing today

[11:39] {Threei}  last 5 lines, not a single one of them is typed without mistakes {G}

[11:41] {dptl} cat?

[11:41] {Threei}  chart is too perfect...

[11:42] {Threei}  10 cents risk... try break if you are fine with that

[11:42] {Threei}  but honestly...

[11:42] {Threei}  it feels like a trap

[11:43] {dino}  caught in a trap, can't get out

[11:43] {dptl} ok ty ....i'll leave it :)

[11:43] {jfjf64} bg trap

[11:43] {dino} ofix stopped -.22

[11:43] {Threei}  how about that?

[11:43] {Threei}  hit the wall with its forehead

[11:43] {dptl} yep

[11:43] {dino} evil baby

[11:44] {dino} oppsd elvis

[11:44] {Threei}  fell and can't get up

[11:44] {Threei}  stopes are flushed out, will bounce soon

[11:45] {Threei}  can't find exact entry for now

[11:45] {Threei}  either it just jumps back up with no indications anmd we miss it

[11:45] {Threei}  or it forms a little range for us

[11:46] {ese} L aapl .38

[11:46] {Threei}  ok... .76 long if holding above .70

[11:46] {Threei}  for scalpers olnly

[11:47] {magoo} wow DNDN clubbed

[11:47] {pita} RIMM?

[11:47] {dino} do not do not=dndn

[11:48] {dptl} in cat .76

[11:48] {Threei}  don't know pita, no read on RIMM here

[11:49] {pita} missed the thread - .76 long what?

[11:49] {nemo} stopped cat

[11:49] {Threei}  stopped anyway

[11:49] {pita} k

[11:49] {Threei}  so you are fortunate to have missed it

[11:49] {dptl} stopped

[11:49] {pita} :)

[11:49] {Threei}  DNDN is a widowmaker

[11:50] {Threei}  good thing we got our plays early on it

[11:50] {dptl} -.08

[11:50] {dino} ctrp

[11:53] {ese} out aapl .66 + .28

[11:54] {Threei}  eeck

[11:54] {nemo} grrrrrr cat

[11:54] {Threei}  shakeout

[11:54] {dptl} yep

[11:59] {Threei}  CME

[11:59] {Threei}  SUSPENDS ENERGY AND METALS TRADING ON GLOBEX DUE TO TECHNICAL ISSUES, NYMEX FLOOR ACTIVITY IS NORMAL - CNBC

[12:01] {ese} vad would you say that that big volume spike in the qqqq is a botom or reversal

[12:01] {Threei}  neither

[12:01] {Threei}  it doesn't have much significance

[12:02] {ese} pour quo?

[12:02] {Threei}  could be anything really

[12:02] {ese} ok was thinking about going long rimm

[12:03] {Threei}  nah

[12:03] {ese} but won't

[12:05] {Threei}  keep an eye on your FITB ese

[12:05] {Threei}  very sizeable drop for this one

[12:05] {Threei}  when financials bounce, should do well

[12:06] {Threei}  CNN asks:

[12:06] {Threei}  BAC showed good results, why is the market selling?

[12:07] {Threei}  you CNN guys need to attend by next seminar in Freeport, I'll explain how it works

[12:08] {ese} definately vad.......kinda keep one eye on it most days

[12:09] {dino} micc

[12:10] {Threei}  this week 531 companies reporting in 12 economic sectors and in 106 industries

[12:12] {Threei}  IBM IS HIGHLY UNLIKELY TO MAKE NEW JAVA BID - WSJ

[12:13] {magoo} long spy .12 here

[12:13] {magoo} time for a bounce

[12:14] {Threei}  talk about hedging your bets:

[12:14] {Threei}  BRCM

[12:14] {Threei}  HEARING MORGAN STANLEY MAKES MILDLY POSITIVE COMMENTS; MAINTAINS UNDERWEIGHT RATING AHEAD OF EARNINGS REPORT TOMORROW (TIMING UNCERTAIN)

[12:14] {Threei}  - hearing Morgan expects it may raise estimates for BRCM after the earnings release tomorrow.

[12:14] {magoo} roflol

[12:14] {magoo} i want that job

[12:15] {Threei}  if MS was to date BRCM, it would be analog to: You may or may not be cute; tomorrow after you get the result of your audition for that modeling gig I may or may not call you

[12:16] {dino} and the public pays for this

[12:25] {dptl} pep 50 break?

[12:25] {Threei}  chart wise, yes...

[12:26] {Threei}  it just feels to me like market is in a process of bottoming out

[12:26] {dptl} ok ty

[12:28] {dino} idcc sm l .00

[12:29] {wulff} That is a RIMM tight stop

[12:32] {magoo} will be heck of a read if comes true vad

[12:32] {Threei}  on what?

[12:32] {magoo} [12:27] {&Threei}  it just feels to me like market is in a process of bottoming out

[12:32] {Threei}  oh... you assume I can read what I type

[12:32] {Threei}  which a heck of a stretch

[12:32] {nemo} or type what you think

[12:32] {Threei}  or that I think at all

[12:37] {nemo} Hey ese?  You in RIMM, I mean AAPL, no...RIMM?

[12:38] {dino} he can't give that away nemo, :)

[12:39] {Threei}  mostly 'cause he isn't sure?

[12:40] {magoo} out spy stopped 

[12:41] {dino} i'm going to have to flip the coin

[12:43] {ese} hey nemo.....stepped away fo a minute.....whatssaa hapinnin

[12:43] {dino} tails it is, we go up

[12:43] {Threei}  I agree

[12:43] {Threei}  wulff, you in RIMM?

[12:44] {dino} it's a contrary coin

[12:45] {dino} micc is taunting me

[12:46] {nemo} I'm trading from a remote site today ese..bandwith challenged

[12:48] {magoo} ok mkts its REALLY time now 

[12:48] {nemo} Anybody in RIMM?

[12:49] {wulff} yes

[12:49] {magoo} i took aapl

[12:49] {magoo} .40

[12:49] {wulff} half lot

[12:49] {Threei}  looks good for move over 66 this time

[12:49] {dino} 12:50 has ben the time

[12:49] {dino} been

[12:50] {Threei}  here comes the shake, and this should be the last one before ramp up

[12:52] {larisa} you noticed i am not betting against you just for the sake of it ? :)

[12:53] {Threei}  I did bu tI attributed it to you being relxed after the weekend

[12:53] {Threei}  by tomorrow you should be back in shape

[12:53] {dino} is larisa making snowballs again?

[12:53] {larisa} no it is raining like crazy :)

[12:54] {dino} same here

[12:54] {Threei} Long Setup:  DRYS  .30 break if stays above .20

[12:56] {magoo} in

[12:56] {Threei}  did it break?

[12:57] {magoo} yup

[12:57] {Threei}  lol

[12:57] {Threei}  you are so impatient

[12:57] {dptl} in

[12:57] {magoo} well..i waited to answer u lol

[12:57] {Threei}  true... sorry

[12:58] {nemo} did I miss any calls

[12:58] {magoo} rimm aapl drys

[12:58] {wulff} your mom called

[12:58] {Threei}  lol

[12:58] {Threei}  you guys are brutal today

[12:58] {nemo} my mom's dead

[12:59] {dino} that contrary nickle is pretty good

[12:59] {wulff} keep forgetting that.,.,,apologies

[12:59] {Threei}  sure is

[12:59] {ese} anymore word on the banking sector vad

[12:59] {nemo} contrary to ese's comment last week, she never wore boots

[13:00] {Threei}  no ese... except general perception that it stinks

[13:00] {ese} hmmmmmmmm  maybe will wait a bit before I wade into fitb

[13:03] {ese} well as long as faz is heading up...it would not be a smart idea to enter fitb

[13:03] {Threei}  right

[13:08] {dino} hmmmm hewad fake

[13:08] {dino} head

[13:08] {nemo} "hewad"  is that arabic or farsi?

[13:09] {magoo} out

[13:09] {dptl} stopped

[13:10] {dptl} drys

[13:10] {jfjf64} stopped  drys

[13:10] {pita} later guys - happy hunting

[13:10] {Threei}  take care pita

[13:10] {dino} wynn stopped

[13:12] {magoo} i hate drys

[13:12] {magoo} boring stock..then kills ya

[13:17] {ese} outta here for day all....see you tomorow.

[13:17] {dino} vivo stop to b/e

[13:27] {magoo} BAC clubbed CLUBBED

[13:28] {nemo} red headed stepchild

[13:29] {dino} imagine if missed

[13:30] {dino} cpf-3.50

[13:30] {dino} cof

[13:30] {dino} ebix?

[13:33] {Threei}  can't shake out feeling this whole selloff today is nothing but shakeout

[13:33] {Threei}  FAS strong bounce

[13:34] {Threei}  FITB time probably

[13:38] {vinod} you guy must making a lot today--i missed

[13:39] {Threei}  hit and miss actua;;y

[13:39] {Threei}  a few nice ones, a few stops

[13:44] {magoo} bac pushed up

[13:51] {dino} ebix sm l .40

[13:51] {dino} did not expect that

[13:53] {nemo} What Dino?

[13:54] {vinod} earning season is alwyas tough

[13:56] {wulff} Bank selloff seems way overdone to me...but I am only me

[13:57] {nemo} middle name Sybil wulff?

[13:57] {wulff} as in head spin

[13:58] {nemo} nahhh. that was Linda Blair.  Sally Field's

[13:59] {wulff} not familiar

[13:59] {nemo} I'm feeling old

[14:00] {dino} ton fill ebix nemo, was waiting hours for that

[14:01] {nemo} oh

[14:01] {dino} to, my typing sucks

[14:01] {nemo} No problem, I'm getting better at reading Vaddish

[14:05] {Threei}  CNN just said that Barney Frank is a major player in govt responce to financial crisis

[14:05] {Threei}  I thought he was one is originating the crisis

[14:05] {Threei}  is = in

[14:08] {dino} he is

[14:08] {dino} but the dems won, so rewrite the books

[14:08] {vinod} Barney Frank is nemo's favority politician?

[14:08] {Threei}  hey, then he must be the right person to respond to crisis

[14:08] {nemo} wow

[14:08] {Threei}  right?

[14:09] {vinod} both are from mass

[14:09] {nemo} saying he's my favorite politician is like trying to choose between poison ivy, oak, or sumac

[14:09] {Threei}  I built this thing, I know how to destruct it

[14:09] {nemo} destruct=destroy

[14:09] {larisa} makes sense to me :)

[14:09] {Threei}  scary, isn't it, Larisa?

[14:10] {nemo} what, that she makes sense to you?

[14:10] {larisa} lol

[14:10] {Threei}  anyone to whom I make sense must be scared

[14:10] {nemo} yeah, makes suicide a viable option

[14:13] {dino} conversations really tanget off here lately

[14:14] {Threei} Long Setup:  FAS  .32 if stays above .25

[14:20] {Threei}  US REP FRANK: SUPPORTING MAKING BANK STRESS TESTS PUBLIC; SUGGESTS RELEASE OF INDIVIDUAL RESULTS, NOT RELEASE AS A GROUP

[14:20] {Threei}  - Does not believe Congress would be willing to offer more TARP funds

[14:20] {Threei}  - Not worried about runs on weaker banks

[14:30] {Threei} Long Setup:  FAS  .27 if stays above .20

[14:33] {magoo} .

[14:33] {nemo} @

[14:34] {Threei}  any meaning to that, or just more work for janitor after hours?

[14:34] {nemo} it's inocuous enough for the janitor to ignore

[14:34] {nemo} eh...custodial engineer

[14:36] {Threei}  invalidating second setup

[14:36] {larisa} this market is not funny joke

[14:36] {nemo} RIMM DBI on 5 minute

[14:37] {Threei}  it's just taking a rest after 40 days rally

[14:37] {nemo} tomato tomato

[14:37] {nemo} tomato tomahto

[14:38] {Threei}  janitor's getting iriitatedc

[14:38] {larisa} lol 

[14:38] {nemo} irradiated

[14:39] {nemo} ? would that have been a sufficient DBI setup on 1 minute chart of RIMM between...oh...2:05 and 2:25?

[14:40] {Threei}  pretty much, yeah

[14:40] {nemo} ty

[14:41] {dino} bounces hitting

[14:42] {Threei}  FITB didn't make new low this time with FAS

[14:42] {Threei}  .70 break worth a try with stop under .60

[14:42] {Threei}  slow one

[14:42] {Threei}  could take a while

[14:43] {dino} out axys .50, +.35

[14:43] {nemo} in

[14:44] {dino} ebix stop to .98

[14:44] {nemo} am I the only one in FITB?

[14:44] {Threei}  frikin FAS finally staged comeback but with no setup

[14:45] {dino} vivo stop to .90

[14:46] {magoo} f'$#$&^%#@ market today

[14:47] {dino} vivo to .95\

[14:48] {dino} ebix top .00

[14:48] {dino} to

[14:50] {dino} out vivo .00, +.45

[14:52] {dino} out ebiux .01, +.61

[14:52] {dino} bunch of all dayers but worked

[14:53] {Threei}  nice dino

[14:53] {larisa} gj, dino likes thin stocks :) thin girls too ? :)

[14:53] {dino} indeed, ;-)

[14:54] {larisa} dunno whats with men and models :) vad was dreaming about model earlier

[14:54] {dino} i was dreaming of you

[14:55] {larisa} nightmare 

[14:55] {dino} lol]\

[14:55] {Threei}  I was?

[14:55] {dino} lol

[14:55] {nemo} more work for the custodial engineer

[14:56] {larisa} sure vad, not for yourself, for RIMM i think :)

[14:56] {Threei}  ah... that's me, sharing generously

[14:57] {Threei}  major difficulty with this market setback is to determine whether it's a one day deal ad most of previous red days, or it's a prolonger pullback

[14:58] {Threei}  ad = as

[14:58] {larisa} would not we have bounces if it was healthy pullback ?

[14:59] {larisa} looks so ugly and strange

[14:59] {Threei}  didn't we?

[15:00] {Threei}  FAS 13:30

[15:00] {Threei}  11:15

[15:01] {Threei}  SCON, mama mia

[15:01] {nemo} You know it's serious when he starts speaking itlian

[15:01] {nemo} italian

[15:02] {dino} tbsi gap fillwed.

[15:03] {dino} rimm trying

[15:03] {dino} appl 117.50s

[15:06] {dino} i mean rimm trying to fill gap

[15:06] {dino} from wed

[15:11] {Threei}  rofl

[15:11] {Threei}  spam mail from bride-to-be astarts with:

[15:11] {Threei}  Hello my the surprised friend!

[15:12] {nemo} should we change the stop on  FITB?

[15:13] {Threei}  no

[15:13] {Threei}  My name ... and I wish to take away from you at all a lot of time and to penetrate in my letter!

[15:13] {Threei}  I'

[15:13] {Threei}  ll be back in a week

[15:13] {Threei}  I need to put sticthes

[15:16] {dino} vad, your wife is going to kill you when she finds out you're engaged

[15:18] {Threei}  engaged? I am merely the surprized friend

[15:20] {dino} don't lie to us vad

[15:20] {vinod} it call having a lust?

[15:21] {vinod} Jimmy Carter

[15:24] {Threei}  SCON, I am crying

[15:24] {Threei}  fas

[15:25] {Threei}  Prez is about to make a statement at CIA

[15:25] {Threei}  FAS is losing support again

[15:26] {nemo} doesn't that make fitb suspect?

[15:26] {Threei}  it puts FITB to test

[15:26] {Threei}  if it can hold .60, great

[15:26] {Threei}  relative strength will make it even better candidate

[15:26] {dino} titn to b/e

[15:27] {Threei}  so far, FAS makes new lows, FITB doesn't

[15:27] {nemo} Any impact regarding the time of day in a market pull back day?

[15:28] {Threei}  shrug

[15:28] {Threei}  you are overthinking it

[15:28] {Threei}  it's a valid play

[15:28] {Threei}  let it work out

[15:28] {Threei}  it will work or it will not

[15:29] {Threei}  Prez on TV

[15:29] {nemo} so, what happens if he says the CIA owns a big bank?

[15:30] {Threei}  ok mags... do we get big FAS bounce on last 30 min or this thing is hopeless today?

[15:31] {Threei}  CEO LEWIS: ONCE AGAIN REITERATES THAT BOA DOES NOT NEED MORE CAPITAL; SHARE CONVERSION IS UP TO REGULATORS, OUT OF HIS HANDS - CNBC

[15:31] {Threei}  - reiterates would like to repay TARP funds starting this year, but that the timing is in the hands of regulators.

[15:31] {Threei}  - Have ruled out selling credit card business, but expects to see some changes in card lending.

[15:32] {Threei}  what the deuce?

[15:33] {Threei}  FITB almost 1:1

[15:36] {dino} stewie

[15:38] {Threei}  FAS must be setting up for another bounce

[15:39] {Threei}  crossback of 7 if holding above .95

[15:39] {Threei}  not holding

[15:40] {nemo} FITB doing o.k. though

[15:40] {Threei}  very much so

[15:41] {nemo} overnite it, or line up for morning?

[15:41] {Threei}  depends on your risk tolerance

[15:41] {Threei}  I'll take it

[15:42] {Threei}  but to recommend overnights in this environemt...

[15:42] {Threei}  tough thing to do

[15:42] {jfjf64} fas??

[15:42] {nemo} they report Thursday

[15:42] {Threei}  jf?

[15:42] {nemo} FITB that is

[15:42] {jfjf64} k

[15:45] {Threei}  feels like one more bounce

[15:45] {Threei}  in FAS

[15:45] {Threei}  7 break if holding 6.90

[15:47] {Threei}  come on FAS, you can't be that spineless

[15:49] {Threei}  (GE) GERMAN CHANCELLOR MERKEL: ECONOMIC CRISIS MAY BE APPROACHING BOTTOM - FT

[15:50] {nemo} stoppe fas

[15:50] {Threei}  FAS says it can

[15:51] {Threei}  FITB's holding

[15:53] {Threei}  ARGUS CUTS JAVA TO SELL FROM HOLD (TIMING UNCERTAIN)

[15:53] {Threei}  huh?

[15:54] {Threei}  Argus needs real time news supply

[15:54] {Threei}  or any news supply for that matter

[15:55] {dino} roflol, that was a good one

[15:55] {nemo} RIMM ha a nice comeback

[15:55] {dino} dino says target 9.50 unless deal falls through

[15:56] {Threei}  or unless IBM comes back with higher bid

[15:56] {dino} ok, i guess i'm not at analyst level yet

[15:57] {dino} titn out .10, +.02

[15:57] {Threei}  why, it's a team woerk

[15:57] {Threei}  so far, today is contained within reasonable pullback

[15:57] {Threei}  which means we still don't know

[15:57] {Threei}  FAS selloff is not a reasonable pullback, this is exxcessive

[15:57] {jfjf64} spinless

[15:58] {jfjf64} fas

[15:58] {dino} out idcc .99, -.01

[15:59] {jfjf64} later all

[15:59] {Threei}  this is sheesr panic

[15:59] {Threei}  I am taking some FAS overnight

[15:59] {Threei}  not suggesting you do the same

[15:59] {dino} well, when yobama talks about nationalizing tarp banks, you get this

[16:00] {larisa} long ?

[16:00] {Threei}  yes

[16:00] {Threei}  not really happy with today

[16:00] {dptl} have a good evening all

[16:00] {Threei}  there qwere a few nice plays but stops, even though well controlled, were a few too many

[16:00] {larisa} bye all

[16:00] {Threei}  oh well

[16:00] {Threei}  thank you all, see you tomorrow

[16:01] {nemo} gnite