Quite a day in the market. What a comeback by financials. We stayed conservative and very picky, and it paid. Not too many plays but all wins with just one or two stops. Played both sides, long and short.
Session Time: Tue Apr 21 00:00:00 2009
[08:06] {nemo} gm
[08:06] {nemo} Vad what chart server?
[08:06] {Threei} morning
[08:06] {Threei} none of them works
[08:07] {nemo} Makes me feel better...thought it was me
[08:07] {nemo} then again...maybe it is
[08:08] {nemo} Having a nice nor-'easter here today...so I might get knocked off the net anyway
[08:09] {KSystems} morning :)
[08:09] {Threei} KS :)
[08:09] {nemo} Tag Herrn K
[08:10] {Threei} earnings season starts with suffering
[08:12] {patience} good morning RT :)
[08:13] {Threei} patience :)
[08:31] {Threei} TREASURY SEC GEITHNER: TREASURY HAS THE RESOURCES IT NEEDS TO MOVE FORWARD ON ALL ASPECTS OF ITS STABILITY PLANS; $109.6N LEFT IN TARP
[08:36] {Threei} US TARP INSPECTOR GENERAL BAROFSKY: TOO EARLY TO DETERMINE IF TARP BEING USED APPROPRIATELY - CNBC
[08:38] {Threei} - AIG counterparty payments being audited, expect full report out this summer.
[08:40] {pita} gm boys and girls
[08:40] {nemo} chart server 1 working
[08:40] {Threei} pita :)
[08:41] {Threei} they are all coming back
[08:41] {nemo} FAZ is back...FAS dominance lasted about 10 minutes
[08:42] {Threei} dominance? the only thing FAS dominated yesterday and this morning is its own prison cell
[08:43] {Threei} USB EXEC: IF STRESS TESTS COME OUT POSITIVE, HOPE TO ARRANGE REPAYMENT OF TARP FUNDS - CONF CALL
[08:45] {magoo} morning
[08:45] {Threei} magoo :)
[08:53] {magoo} skf going nuts
[08:55] {Threei} FAZ too
[08:56] {cosmo} DDRX had good drug sales
[08:57] {dptl} good morning all
[08:57] {Threei} dp :)
[09:02] {jfjf64} mornin all
[09:03] {cosmo} BRCM healing pre mkt
[09:03] {Threei} jf, cosmo :)
[09:03] {cosmo} 19.40 lod
[09:03] {ese} good morning
06[09:03] * magoo slaps laserdave around a bit with a large trout
[09:03] {cosmo} 3i:)
[09:03] {magoo} i shorted GS at 113.41
[09:04] {cosmo} Broadcom Offers to Buy Emulex for $9.25 Per Share Cash - Emulex S
[09:04] {cosmo} oaring in Pre-Market
[09:04] {Threei} ese :)
[09:04] {vinod} gm to all
[09:05] {ese} whats lookin interesting
[09:05] {ese} vinod
[09:05] {Threei} vinod :)
[09:06] {magoo} oil falling
[09:06] {ese} Fitb is approaching that buy all you can territory
[09:06] {magoo} not good for stocks
[09:06] {dino} gm all
[09:06] {cosmo} ELX = emulex fyi
[09:06] {Threei} I thunk it's the other way around mags
[09:06] {ese} dino
[09:06] {Threei} market drops and drags oil with it
[09:06] {Threei} dino :)
[09:07] {magoo} out GS + .80
[09:08] {jfjf64} nice start to day
[09:08] {dino} es, fitb, what level, 3?
[09:09] {ese} was in around the 2.75 area with about 20000 a couple of weeks back
[09:09] {dino} education smackdown
[09:10] {ese} faz gapped up ...could be a rough day for financials again
[09:10] {Threei} it is so far
[09:12] {fernp} Hello everybody
[09:13] {Threei} fern :)
[09:13] {Threei} earnings season is off to a rough start eh?
[09:14] {fernp} FITB 3.17 I'm long from yesterday at 3.70... the day does not start well :-)
[09:14] {Threei} hit over 1:1 AH yesterday...
[09:14] {fernp} true sold half
[09:14] {dino} thx es
[09:21] {ese} does everyone see that post"Earnings season is not time to be a hero"....who posts those
[09:21] {Threei} lol
[09:21] {dino} "they" do
[09:21] {Threei} DNDN...
[09:22] {ese} hmmmmm....that one is funny but true
[09:24] {dino} turnaround tuesday is upon us, lets see if pattern holds
[09:24] {ese} speaking of they....this is day ten of the 7 to 10 business days mail for my new visa to get here or i'll be cut off by they
[09:25] {Threei} dino, I can't help but see bounce candidates everywhere
[09:25] {Threei} trying to keep myself from calling them all, lol
[09:26] {Threei} Geithner is talking today
[09:26] {jfjf64} great
[09:27] {magoo} is osama talking today :)
[09:27] {vinod} ese-you need to use visa card and spend to help economy?
[09:28] {dino} i like wnt, mcd, t, txn, wynn
[09:28] {dino} wmt
[09:28] {dino} kndl blood
[09:28] {Threei} OK guys, let's stay on a conservative side
[09:29] {Threei} emotions run too high in this market, easy to get hurt
[09:29] {dino} -9
[09:29] {Threei} prefer to stay in capital preservation mode
[09:29] {ese} I would if i could vinod....
[09:29] {pita} 5k lots?
[09:29] {jfjf64} you drivin boat gm on
[09:29] {Threei} lol pita
[09:29] {pita} indeed
[09:29] {ese} anyone thinking shorrt rimm at .60
[09:29] {ese} yesterdays low
[09:30] {Threei} too many tempting entries out there which probably means most of them will be punished
[09:30] {dino} -10 kndl
[09:30] {ese} too late
[09:30] {dino} rimm gap around 67.80s
[09:30] {dino} 63.80s
[09:30] {Threei} FED'S HOENIG: INSOLVENT FIRMS MUST BE ALLOWED TO FAIL
[09:30] {dino} thats a new concept
[09:31] {nemo} I sense a hint of sarcasm
[09:31] {dino} :)
[09:32] {magoo} cat bounce vad?
[09:32] {dino} i've been saying that for 9 months
[09:32] {Threei} Long Setup: FITB 3.01 if stays above 2.90
[09:32] {ese} funny ...real funny
[09:32] {dino} es kndl at some point v sm
[09:32] {Threei} picking trades with tight enough stops
[09:32] {Threei} keep them religiously
[09:33] {magoo} in
[09:33] {ese} whoa....talked about being slapped dn
[09:33] {dino} stops are my religion
[09:33] {nemo} in
[09:34] {Threei} DNDN, this is truly annoying, lol
[09:34] {dino} grrr mcd, wmt txn left w/o me
[09:36] {nemo} FAS going but FITB not following
[09:37] {Threei} teakes longer than I would like
[09:37] {Threei} stop to under 2.95
[09:38] {dino} blood esi, apol
[09:38] {Threei} 1:1
[09:38] {dptl} out .10 ty fitb
[09:38] {Threei} half or scalp, your choice
[09:38] {magoo} out .15 TY
[09:38] {fernp} out TY
[09:39] {vinod} out all 0.14
[09:39] {pita} out ty
[09:39] {Threei} welcome guys
[09:39] {jfjf64} out.14 ty
[09:39] {ese} L fitb .09
[09:39] {nemo} out .14
[09:39] {nemo} ty
[09:40] {Threei} wow ese
[09:40] {Threei} why so high
[09:40] {nemo} musician?
[09:40] {Threei} 1:2
[09:40] {Threei} out in full 3.23
[09:41] {jfjf64} nice read
[09:41] {Threei} sometimes I hate these discipline restraints... look at BAC
[09:42] {ese} missed lower
[09:42] {Threei} was so freakishly tempting around 7
[09:42] {dawg} out in full .26 thank you Vad
[09:42] {Threei} it spent wuite coniderable time around 3 ese... wake up, will ya
[09:42] {Threei} dawg :)
[09:42] {ese} out Fitb .26
06[09:43] * Threei send ese hypodermic needle filled with strong coffee
[09:43] {nemo} RIMM up over a buck
[09:43] {Threei} [09:25] {Threei} I can't help but see bounce candidates everywhere
[09:43] {Threei} sigh
[09:43] {ese} wow look at it go
[09:44] {nemo} better than seeing dead people
[09:44] {Threei} old version nemo... modern is 'I see dead pixels"
[09:44] {nemo} Buy new monitor
[09:44] {ese} market internals still don't look good though....TRIM 3.43 not good
[09:44] {Threei} CONNECTICUT TREASUER CALLS FOR CEO KEN LEWIS' RESIGNATION
[09:44] {ese} TRIN...sorry
[09:45] {Threei} does Connecticut have a share in BAC?
[09:45] {nemo} resignation...how bout give him the Mel Gibson treatment in Braveheart
[09:45] {jfjf64} lol
[09:45] {Threei} IMF: DELEVERAGING MAY LEAD TO CREDIT CONTRACTION IN THE US AND EUROPE BY APPROX 4%
[09:45] {nemo} 4% will be conservative
[09:46] {Threei} DNDN... if pattern holds, it should sell down to 19.50 or so, stall for a while, then start bounces
[09:47] {ese} TRIN 3.15 somebodys selling a sh%$% load of something
[09:48] {nemo} flocking RIMM
[09:49] {Threei} Short Setup: RIMM half lot .50 breakdown if stays under .70 from now on
[09:50] {Threei} invalidated for now
[09:52] {dino} chips moving, intc, txn
[09:53] {Threei} what an unlikely stock to be nicely green... DRYS
[09:55] {Threei} FAZ closing gap
[09:55] {Threei} watching for bounce
[09:57] {dino} kndl l .60 risky
[09:58] {ese} am watchin that dino.....
[09:59] {dino} sm that was
[10:00] {dino} stop to .47 kndl
[10:01] {Threei} PALM is oblivious to the market
[10:02] {pita} missed FAZ bounce
[10:03] {Threei} yeah, didn't really form anything safe enough for entry
[10:03] {dino} kndl to b/e
[10:04] {nemo} RIMM short?
[10:04] {Threei} Long Setup: WFC .30 break half lot
[10:04] {nemo} too fast
[10:04] {Threei} use pullback
[10:05] {Threei} frist strength from her
[10:05] {Threei} if loses .15, leave it be
[10:05] {Threei} stop under .15
[10:06] {dino} stop to .99 kndl
[10:06] {Threei} no worky
[10:06] {jfjf64} invalid
[10:06] {dino} out .00, +.40
[10:06] {Threei} FITB pulled back into decent entry zone
[10:06] {cosmo} CENX 3.28 hod
[10:07] {ese} yes
[10:07] {Threei} WFC needs quick drop under 17
[10:07] {cosmo} no news cenx
[10:10] {ese} l fitb .245
[10:10] {Threei} Long Setup: WFC 17.05 break if stays above 16.95
[10:11] {Threei} invalidated
[10:11] {ese} out fitb .33 15000 of the little blighters
[10:11] {Threei} good one ese
[10:11] {jfjf64} we will get it 31
[10:11] {nemo} FITBs ese's bitch lately
[10:12] {jfjf64} 3i
[10:12] {ese} tks
[10:12] {fernp} out FITB ty Vad was a decent zone
[10:12] {Threei} :)
[10:12] {Threei} lol WFC
[10:12] {Threei} I know how to play it
[10:13] {jfjf64} k
[10:13] {Threei} define setup, wait for it to get invalidated, buy under the original stop level
[10:13] {magoo} i took .05 vad
[10:14] {jfjf64} are ya in
[10:14] {dino} esi v sm l .50
[10:14] {Threei} who?
[10:14] {magoo} i am
[10:15] {jfjf64} 3i wfc??
[10:15] {Threei} why would I?
[10:15] {Threei} original setup was invalidated
[10:15] {jfjf64} ??sorry
[10:16] {dino} kndl sm l .20
[10:16] {pita} discipline, discipline - message to self
[10:17] {Threei} CAT nice pullback
[10:18] {Threei} Long Setup: CAT .15 if stays above 29.05
[10:18] {ese} vad would there ever be a time when financials act against FAZ....
[10:19] {Threei} some particular ones could
[10:19] {Threei} as a sector, no
[10:20] {elepet} good morning
[10:20] {Threei} elepet :)
[10:22] {nemo} RIMM short?
[10:22] {Threei} half lot
[10:22] {nemo} teasing us
[10:22] {Threei} invalidated anyway
[10:23] {nemo} yep
[10:23] {Threei} watch for new consolidation though
[10:23] {nemo} below .50
[10:23] {dptl} cat?
[10:23] {Threei} don't know dp
[10:23] {dptl} ok
[10:24] {Threei} maybe if reestablishes the range
[10:24] {Threei} at least one more pullback
[10:24] {Threei} holding above comfortable stop level, then break
[10:24] {ese} thinkin L faz here
[10:26] {ese} L faz .20
[10:26] {Threei} no entry CAT still
[10:27] {nemo} what stop ese?
[10:27] {ese} .15
[10:27] {ese} l 2 lots
[10:28] {ese} break even now
[10:28] {Threei} you have 1:3 here
[10:28] {ese} out faz .34 +.14
[10:28] {nemo} 20000 of the little buggers, huh ese?
[10:29] {ese} no not on this one...don't have that kind of nerve
[10:30] {Threei} PALM lost its mind
[10:30] {ese} would sure like to see FITB around the 3.00 mark again
[10:31] {Threei} sheesh CAT
[10:32] {larisa} bounced after doing 100% retrace
[10:33] {ese} nice bounce
[10:33] {Threei} bounce zone was clear, but the dance they do before jumping up is making ewntry quite a challenge
[10:33] {ese} palm keeps on ticken as well
[10:34] {Threei} WFC
[10:34] {nemo} RIMM teasing again
[10:37] {Threei} FAZ pullback into bounce zone
[10:39] {Threei} hate to be so vague but I have hard time nailing exact entries today
[10:40] {nemo} volumes pretty strong this morning
[10:40] {dino} welcome to my world
[10:40] {Threei} things move in price areas rather than in preice levels
[10:41] {dino} xlf gap around 9.25
[10:44] {ese} LFitb .30
[10:45] {Threei} one more crazy thing: ARST
[10:46] {dino} what did you call me
[10:47] {nemo} ha....ha....ha....
[10:48] {dino} arst down big yesterday only thing i see
[10:48] {nemo} got a big kick in the arst...huh Dino?
[10:48] {ese} out Fitb .37
[10:49] {dino} :)
[10:50] {Threei} remember photo op of prez wioth CAST CEO when they pushed stimulus through?
[10:50] {dino} hmmm ibm misses goes up, txn beats goes down
[10:50] {Threei} CAT ceo
[10:50] {Threei} look at this:
[10:50] {Threei} CAT EXEC: US GOVT STIMULUS PROGRAM IS DISAPPOINTING AND "MISSED AN OPPORTUNITY
[10:51] {dino} because only 4% goes to infrastructure
[10:53] {Threei} WFC is 60 cents up from the moment I gave very clear buy signal:
[10:53] {Threei} [10:34] {Threei} WFC
[10:53] {Threei} can I claim the credit?
06[10:53] * magoo slaps Threei around a bit with a large trout
[10:53] {nemo} NOPE
[10:53] {magoo} no u didnt take it
[10:53] {Threei} sigh
[10:54] {magoo} out WFC here .43
[10:54] {Threei} lol
[10:56] {nemo} Think RIMM will make up it's mind anytime soon?
[10:58] {Threei} feels rather like rally in the making
[10:58] {vinod} Politician on TV with geithner trying to figure out 1+1=3 or=1.5
[10:59] {Threei} lol
[10:59] {jfjf64} wfc wow
[10:59] {Threei} just pick anything but FAZ and buy
[10:59] {Threei} BAC... WFC...
[11:00] {Threei} TCK
[11:00] {Threei} ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED
[11:00] {Threei} hatled
[11:04] {Threei} FAS green
[11:05] {Threei} I identified trading skill I need to master
[11:05] {Threei} throw the discipline out of the window and buy when I feel so
[11:06] {larisa} you do not need a skill for that :)
[11:06] {ese} we do but vad doesn't
[11:06] {Threei} well, I have discipline ingrained so deeply, I really do :)
[11:07] {magoo} just throw out trades and keep stops boss
[11:08] {Threei} and when tooo many of them get stopped, we hhave what we did yesterday
[11:08] {Threei} not many are happy with that either
06[11:08] * magoo slaps Threei around a bit with a large trout
[11:08] {jfjf64} correct
[11:08] {vinod} trade out of frustration. The market punishes angry traders
[11:08] {magoo} snap out of it
[11:08] {magoo} wheres they russian bear i admire
[11:08] {Threei} lol
[11:09] {magoo} risk IS our business
[11:09] {Threei} APWR
[11:09] {Threei} WINS TWO CONTRACTS TOTALING $75.3 MILLION FOR ANHUI WENERGY CO., LTD.''S BIOMASS-BASED MICRO-GRID ELECTRICITY GENERATION PROJECTS
[11:09] {Threei} no
[11:09] {Threei} managing risk is our business
06[11:09] * magoo slaps Threei around a bit with a large trout
[11:10] {magoo} your so licky i cant put in my own words
[11:10] {Threei} and today just hasn't presented enough opportunities with manageable risk
[11:10] {Threei} APWR
[11:10] {Threei} wow
[11:10] {jfjf64} crazy
[11:15] {magoo} BAC crazy
[11:15] {dino} dino slaps vad around saying get w/it
[11:16] {Threei} FITB goes back over 4 or what
[11:16] {nemo} in anything I grabbed a bagel?
[11:16] {Threei} CAT
[11:16] {Threei} CFO: CAT FINANCIAL HAS DONE A REMARKABLE JOB IN A TOUGH ENVIRONMENT, MAINTAINING LIQUIDITY WITHOUT NEEDING TO ISSUE MORE DEBT IN THE QUARTER; CALLS CAT FINANCIAL A "SIGNIFICANT ASSET" FOR THE COMPANY - CONF CALL
[11:16] {dino} kndl stop to .60
[11:17] {dino} patting himself on the back, cat
[11:17] {nemo} see RIMM jumpe while I was gone
[11:18] {nemo} What happened to TCK?
[11:18] {Threei} [11:00] {Threei} TCK
[11:18] {Threei} [11:00] {Threei} ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED
[11:18] {Threei} [11:00] {Threei} hatled
[11:20] {dino} titn l .01
[11:22] {ese} still don't like the TRIN at 2.87...someone somewhere is selling like crazy......me thinks this market is going down tomorow
[11:22] {magoo} too far away es
[11:22] {ese} too true eh...
[11:23] {ese} as one of vads students....i should be disciplined for that remark
[11:24] {dino} kndl to .69
06[11:24] * nemo slaps ese around a bit with a large copy of MPP, TTR, and The Marquis DeSade
[11:25] {Threei} I can't believe FITB
[11:25] {Threei} I can't believe I missed whole rally today either
[11:25] {Threei} I need a week in Tibet cave
[11:26] {magoo} with magoo
[11:27] {Threei} sorry mags, I am as straight as they get
[11:27] {magoo} oh F
[11:27] {magoo} me too
[11:27] {nemo} how's you're ankle Mags?
[11:27] {magoo} baddddd
[11:27] {Threei} I like you... but not that much
[11:27] {magoo} i dont even like yuo lol
[11:27] {Threei} lol
[11:27] {Threei} good one
[11:27] {dino} out kndl +.49
[11:27] {Threei} can't blame you though, I don't like myself today either
[11:29] {Threei} didn't see whole yesterday selloff as anything but shakeout, and said that; saw today opening as buying opportunity and said that; and all I came up with were those couple FITB scalps?
[11:33] {nemo} tck biing again @ 9.68
[11:33] {dino} plenty of day left vad
[11:35] {ese} signing off for about an hour....gotta teach a fun class...this is fun music is fun...it's a good life
[11:37] {dino} have fun
[11:41] {dptl} cenx?
[11:42] {Threei} TCK open
[11:42] {dino} otex
[11:43] {Threei} ugh... missed actual opening time
[11:43] {jfjf64} ??
[11:44] {nemo} [11:33] {nemo} tck biing again @ 9.68
[11:48] {pita} C&H on QQQQ?
[11:48] {Threei} yes
[11:51] {dino} mygn
[11:53] {Threei} .65 is Qs break point
[11:54] {Threei} but pullback is a bit too deep
[11:56] {vinod} you mean qqqq?
[11:57] {Threei} yeah
[11:58] {pita} later all
[11:59] {Threei} take care pita
[12:00] {Threei} no news MYGN
[12:00] {Threei} no idea what kills it
[12:03] {dino} sm l otex .12
[12:04] {Threei} FAZ... 10.50 break is a short trigger
[12:04] {wulff} you like FAS break?
[12:04] {Threei} which is yeah, FAS breakout trigger
[12:05] {Threei} lunch time...
[12:07] {dptl} .68 stop for faz?
[12:08] {Threei} above .65
[12:08] {dptl} in
[12:09] {Threei} CAT CEO: DIVIDEND WILL ENDURE MORE DISCUSSION; WANTS TO KEEP DIVIDEND - CONF CALL
[12:10] {dino} cut coming
[12:10] {Threei} lol
[12:10] {nemo} in reverse, Faz aove 60 long, FAS short?
[12:11] {nemo} above
[12:11] {Threei} .65 is top of the range
[12:11] {Threei} don't know really
[12:11] {nemo} oh yeah, plus lunch
[12:14] {dino} otex stop to .34
[12:19] {Threei} meaningless 2 cents up, 2 cents down...
[12:19] {nemo} I think I'll go pet the horses
[12:21] {dino} otex to .52
[12:24] {dptl} anybody in faz still?
[12:24] {dawg} yes
[12:25] {Threei} (US) FED'S STERN: WARNS THAT SOME SMALLER FIRMS CAUSE A SIGNIFICANT SYSTEMIC RISK, WOULD NOT BE IDENTIFIED BY A TEST BASED ON SIZE
[12:25] {Threei} - Focusing on constraining the size of banks and financial firms could squander chances for reform
[12:25] {Threei} will they ever shut up?
[12:26] {Threei} none opf them said anything that resulted in something constructive, any single time
[12:27] {dptl} i am out .35 faz ty
[12:27] {dawg} out in full faz ty Vad
[12:27] {Threei} welcome guys... entry at the upper end of the range would be best
[12:27] {dino} time will fix the problem, hands off is best
[12:28] {Threei} TCK is consolidating interestingly
[12:28] {dino} fstr
[12:29] {Threei} worth a try IMO
[12:29] {Threei} .75 break
[12:29] {Threei} with stop under .65
[12:32] {dptl} in
[12:33] {magoo} innnnnnnnnnnnnnnnnnnnnn
[12:33] {nemo} in
[12:34] {dino} out otex .59, +.47
[12:35] {dino} apol sm l .50
[12:38] {ese} hi there...back
[12:40] {ese} everybody filthy stinking rick yet....hmmmmmmm....whats takin ya so long
[12:40] {ese} rich
[12:40] {Threei} yes ese
[12:41] {Threei} we took a page from your book
[12:41] {Threei} and usurped your ATM
[12:41] {ese} lol
[12:41] {Threei} scalped 2 billion shares on FITB 3 times from .78 to .83
[12:41] {magoo} and only 345,000 commission
[12:41] {Threei} shh mags... don't tell him the best part
[12:42] {ese} rotfl
[12:42] {Threei} that we delegated commssions to him
[12:42] {Threei} while keeping profits to ourselves
[12:42] {ese} alright...alright already.....
[12:42] {ese} too funny
[12:42] {magoo} forgot i was in tck lol
[12:43] {Threei} President leaves the door open to prosecution Bush's admin offials
[12:44] {magoo} for what?
[12:44] {Threei} I swear, this presidency is going to be so divisive, Bush and Cheney will look like two kissing doves of peace to us
[12:44] {Threei} for torture magoo
[12:45] {magoo} its like mccarthyism
[12:45] {Threei} not that I would be willing to go bhunting with Cheney, mind you
[12:45] {nemo} just stay behind him
[12:46] {dptl} still same stop for tck?
[12:47] {Threei} it was so close to 1:1, I'd guess trailing to under .70 makes sense
[12:47] {dptl} ok ty
[12:49] {Threei} FITB break of .80 - I really struggled with that call, and it danced in place fo so long
[12:49] {Threei} then suddenly took off
[12:49] {Threei} shrug
[12:50] {Threei} TCK on the other hand, whicbh is much more mobile than FITB... goes nowhere
[12:50] {nemo} Big pop today, also challenging six month highs
[12:50] {nemo} Might be having a Wile E. moment
[12:51] {Threei} FAS/FAZ...
[12:52] {Threei} I really can't even define what reasonable is in this market
[12:52] {jfjf64} ?
[12:52] {magoo} WFC BAC highs STRONG
[12:52] {Threei} find me one single person in the world who would expect FAS 2 dollars move off lows
[12:53] {Threei} or FAZ 3 1/2 drop
[12:53] {nemo} may be snapback from the phony story on banks failing stress test yesterday
[12:54] {Threei} I don't believe that story had much to do with drop
[12:54] {magoo} out TCK
[12:54] {magoo} cant take it lol
[12:54] {Threei} it looked phony from the get-go and was largely dismissed as such by any serious source
[12:55] {Threei} it just coincided with "normal" drop
[12:57] {dptl} stopped tck
[13:01] {ese} gotta figure the faz is gonna reverse some ...
[13:01] {Threei} well
[13:01] {Threei} question is:
[13:02] {Threei} how do you tell whether it happens at -1, - 2 or -3 1/2 off the top?
[13:02] {Threei} unless it forms decent setup
[13:02] {Threei} which it doesn't
[13:02] {magoo} u ask magoo..he'll tell u
[13:02] {Threei} okay
[13:02] {Threei} magoo?
[13:02] {dino} out esi .60, +1.10
[13:02] {Threei} where does FAZ reverse?
[13:02] {dino} nflx
[13:03] {magoo} but prob is i like financials long
[13:03] {ese} were you short dino
[13:04] {ese} wasn't here when you got in
[13:05] {dino} l from hours ago
[13:05] {KSystems} chinggis :) welcome
[13:05] {dino} 97.50 in
[13:05] {ese} nice
[13:05] {dino} had 2.50, blew it
[13:05] {ese} what kinda stop...trailing
[13:06] {dino} 100 shares only 3 buck
[13:06] {dino} gets to 96 area will hit again
[13:07] {Threei} GOOG
[13:07] {Threei} CFO: COMPANY HAS NOT CUT ANY OF ITS R&D SPENDING
[13:08] {magoo} hmmmmmmmmm
[13:09] {Threei} market seem to be reversing to me
[13:09] {Threei} watching WFC for short in .70 area
[13:10] {magoo} u read my mind
[13:10] {magoo} honestly
[13:11] {Threei} if this is not a scary hought...
[13:11] {nemo} you two together in a cave...that's scary
[13:11] {Threei} first weakness from here, with stop .80
[13:11] {magoo} futes pop
[13:12] {magoo} everythings moving higher carefu;l
[13:12] {Threei} in .74
[13:13] {Threei} stop is negligible
[13:13] {dptl} .73
[13:13] {nemo} for a short
[13:13] {dptl} .81?
[13:13] {nemo} boy's got stunads
[13:13] {Threei} .81 - .82, yeah
[13:13] {magoo} short bacon .73
[13:14] {magoo} oops, bacon = bac
[13:15] {magoo} we call it bacon dino and i
[13:15] {Threei} I knew there must have been someother weirdos out there, not just me
[13:16] {Threei} ty for confirmation
[13:16] {magoo} u call it that?
[13:16] {Threei} covering half .64
[13:16] {Threei} scalpers take yor profit
[13:16] {magoo} iu that too
[13:16] {Threei} and, as they say in the Bahamas, protect ya tings
[13:17] {dptl} half out
06[13:18] * Threei sends WFC a black mark in the envelope
[13:18] {dptl} out all .52 ty
[13:18] {Threei} welcome
[13:18] {Threei} gosh... first really easy play today
06[13:19] * Threei slaps magoo around a bit with a large roll of cash
[13:19] {vinod} ty great call wfc cover 0.55
[13:19] {Threei} covering 1/4 more .50
[13:19] {Threei} vinod :)
[13:19] {Threei} got exactly what I wanted, bounce into upper BB envelop to short into
[13:20] {Threei} out in full
[13:20] {vinod} i usually go in full and out full untill i get used too
[13:20] {Threei} .44, +.30
[13:20] {Threei} I do too whne I scalp
[13:20] {magoo} out .44 WFC
[13:20] {magoo} ty vad
[13:20] {Threei} but this one was begging for bigger move
[13:20] {Threei} welcome mags
[13:20] {magoo} still short bacon
[13:21] {magoo} ok..out bacon .65
[13:21] {Threei} this is truly offensive for us, meat-eaters
[13:21] {Threei} I suggest ban on BAC shorting
[13:21] {magoo} i know i know..i am in that group
[13:22] {magoo} never happen
[13:22] {Threei} from now on, this room can only go long BAC
[13:22] {Threei} you want short financial neame, pick any other
[13:24] {Threei} come to think of it, that short entry was also double top with second one made on lower volume
[13:24] {Threei} I didn't realize it at the time,
[13:24] {Threei} mentioning now in educational purposes
[13:25] {larisa} I thought you played that pattern, what pattern you you used to get in ?
[13:26] {Threei} establishing downtrend, bounce into upper BB channel without making new high
[13:26] {Threei} that it coincided with double bottom became clear to me after the fact, lol
[13:26] {Threei} sometimes I am slow
[13:27] {Threei} first who jokes about "sometimes" gets trouted relentlessly
06[13:27] * Threei looks at magoo
06[13:27] * Threei looks at nemo
[13:27] {Threei} okay then...
[13:28] {magoo} sometimes???
[13:28] {Threei} too late... I holstered the trout already
[13:29] {Threei} WFC
[13:29] {Threei} upper BB is .60
06[13:29] * nemo slaps magoo around a bit with a large chatroom etiquette
06[13:29] * nemo slaps magoo around a bit with a large book of chatroom etiquette
[13:30] {Threei} C
[13:30] {Threei} - CEO Pandit: Govt has no active role in Citi's management (reminder: yesterday reports surfaced that the FDIC had discusssed replacement for Citigroup CEO)
[13:30] {Threei} not since McCarthy times was gornment such a scarecrow
[13:31] {nemo} WFC short below .40?
[13:31] {Threei} no
[13:31] {Threei} I don't want to short breaks
[13:31] {Threei} bounces if you can get good entry
[13:31] {Threei} it's not an easy way bit much safer
[13:33] {Threei} how about this?
[13:33] {Threei} imagine getting caught in that spike
[13:34] {nemo} Yes...but I figured if it broke that support @ .40 it was good until support @ about .30 for a scalp. I would have had to been fairly quick, which is not my modus operandi
[13:35] {nemo} TCK breaking down
[13:36] {Threei} upper BB .60, high of previous bounce right there too
[13:36] {Threei} let it bounce close, pause,
[13:36] {Threei} if it doesn't make new high and start breaking down, short it
[13:36] {Threei} while keeping an eye on FAZ
[13:36] {Threei} to make sure it tunrs up
[13:36] {Threei} your stop will be minimal
[13:37] {nemo} if it breaks .60 go long
[13:37] {Threei} higher high, no go
[13:37] {nemo} broke .60
[13:37] {Threei} nah
[13:37] {Threei} no shorting doesn't necessary mean long
[13:38] {Threei} FAZ
[13:38] {Threei} watching for bounce
[13:39] {Threei} missed
[13:40] {Threei} pullback closer to 10 if we get lucky
[13:40] {Threei} C
[13:40] {Threei} CEO: WANTS TO RESTORE DIVIDEND AS FAST AS POSSIBLE
[13:40] {nemo} depends on how much more taxpayer money he can get
[13:40] {Threei} in FAZ
[13:40] {Threei} stop under 10
[13:41] {Threei} no worky
[13:41] {magoo} BAC vad
[13:41] {magoo} .92
[13:41] {magoo} finnies too STRONG
[13:41] {Threei} not sure where this spike is coming from, no news that I see
[13:45] {Threei} sheesh
[13:45] {Threei} that's not trading, that's shooting darts
[13:45] {magoo} really..double sheesh
[13:45] {nemo} while ducking incoming
[13:45] {Threei} what the deuce was that
[13:45] {nemo} a deuce bag
[13:46] {magoo} allow me vad.............
06[13:46] * magoo slaps nemo around a bit with a large trout
06[13:46] * magoo slaps nemo around a bit with a large trout
06[13:46] * magoo slaps nemo around a bit with a large trout
[13:46] {Threei} thank you
[13:46] {nemo} What took so long
[13:47] {magoo} this is a preschool site nemo
[13:47] {magoo} u ever see the baby on etrade?
[13:47] {Threei} heh..two can play this game
[13:47] {magoo} vad stole him to laser
[13:47] {Threei} took .98 on FAZ, out 10.10
[13:48] {Threei} watch these teleportations
[13:48] {Threei} there is a rythm to them
[13:48] {Threei} they are scalpable
[13:49] {KSystems} faz? i bought it for a swing...
[13:49] {nemo} Vad interesting formation on TCK
[13:49] {Threei} ?
[13:50] {nemo} Wedge up off that bottoming Bollinger band setup you like
[13:51] {nemo} Preschool? When's nap time?
[13:51] {Threei} way too narrow for that nemo
[13:53] {Threei} anyone caught entry on FAZ this time?
[13:53] {Threei} not something easy to call in time with these lightening moves
[13:53] {Threei} you have to get the idea and catch it yourself
[13:54] {ese} signing off for the day see ya tomorow
[13:54] {Threei} should pullback now
[13:54] {Threei} take care ese
[13:54] {magoo} buy ese
[13:54] {ese} see ya vad and thank you
[13:54] {ese} see ya mags
[13:54] {Threei} welcome, even though I am not sure for what
[13:54] {Threei} but hey... I am not the one to turn down heartfelt thank you
[13:55] {Threei} here is my pullback
[13:55] {Threei} a few cents more and bounce
[13:57] {Threei} SEC'S SHAPIRO: SEC EXPLORING A PROPOSAL OVERY 'PAY TO PLAY' FUND RULES
[13:57] {Threei} see the rythm?
[13:59] {Threei} anyone got it??
[14:00] {Threei} come on guys
[14:00] {magoo} i'm a white trader, i got no rythgm
[14:00] {nemo} me neither
[14:00] {dino} sm l nflx .50
[14:00] {magoo} cant jump either
[14:00] {nemo} although TCK is up
06[14:00] * Threei slaps magoo around a bit with a large manuscript of political correctness
[14:00] {magoo} SEEEEEEEEE
[14:01] {magoo} reverse discrim
[14:01] {magoo} i cant even mention im white he he
[14:01] {nemo} Custodial engineer will be back at work again at the close
06[14:01] * Threei slaps magoo around a bit with a large affirmative action manual
[14:01] {magoo} or that i cant jump
[14:01] {nemo} Well...you broke your ankle, and your old
[14:02] {nemo} you're
[14:02] {Threei} and overweight
[14:02] {magoo} holy crap, kickin magoo lol
[14:02] {nemo} pot calling the kettle black there
[14:02] {Threei} hey, how often do we get a chance to kick a guy with broken ankle?
[14:02] {nemo} Me...often
[14:02] {Threei} sorry, but we can't let such opportunity go
[14:03] {magoo} u know..i can accept that reasoning
[14:03] {nemo} understood...Can we make fun of his looks?
[14:03] {nemo} FAZ broke resistance
[14:04] {Threei} feels to me FAZ is going to be ofgf to races very soon
[14:05] {Threei} and market will be dropping some more
[14:09] {Threei} FAZ entry is coming
[14:10] {Threei} MYGN
[14:10] {Threei} JP MORGAN MAKING POSITIVE COMMENTS - UPDATE
[14:12] {Threei} in .15
[14:13] {Threei} ugh... wanted to short WFC around .40
[14:13] {Threei} no chance I guess
[14:13] {Threei} half out FAZ
[14:14] {magoo} i took skf off call
[14:14] {Threei} not too shabby
[14:15] {magoo} in 64.50
[14:15] {Threei} [14:04] {Threei} feels to me FAZ is going to be off to races very soon
[14:15] {Threei} I think I am getting my grip on the market back
[14:15] {jfjf64} yabba dabba fazz
[14:15] {magoo} and magoo interprets as..looky SKF
[14:15] {Threei} why not... same thing...
[14:15] {Threei} ballbreaker, nutcracker...
[14:16] {magoo} hmmmmmmmmm
[14:17] {Threei} pullback is coming
[14:17] {nemo} in market or FAZ?
[14:17] {Threei} FAZ should drop into .28 - .30 area
[14:17] {Threei} in FAZ
[14:17] {Threei} ounce for market
[14:17] {Threei} bounce
[14:18] {Threei} (JP) BANK OF JAPAN TO REPORTEDLY TRIM GDP FORECAST IN 2009 TO -5% TO -3% - NIKKEI NEWS
[14:18] {Threei} - Reminder: last night a Govt source indicated that officials in Japan were to lowe their GDP forecast to -3%
[14:19] {Threei} no pullback
[14:20] {vinod} coun't get in faz
[14:20] {magoo} out .70
[14:20] {magoo} + 1 something
[14:20] {Threei} SKF?
[14:20] {Threei} good one
[14:20] {magoo} yeah
[14:20] {magoo} [14:15] {magoo} i took skf off call
[14:20] {magoo} [14:15] {&Threei} not too shabby
[14:20] {magoo} [14:16] {magoo} in 64.50
[14:20] {magoo} [14:16] {&Threei} [14:04]
[14:22] {dino} stopped nflx-.28
[14:24] {dptl} wfc short?
[14:25] {Threei} feels to me yes
[14:25] {Threei} and FAZ long
[14:25] {Threei} exact entries is a headache to call
[14:25] {dptl} yeah
[14:26] {Threei} sorry guys, this is kind of situation where all I can do is oputline general idea and now and then give you entries when I can
[14:26] {Threei} doesn't happen often,
[14:26] {Threei} normaslly I am very precise with entries stops and to certain degree exits
[14:27] {Threei} but today is now it
[14:27] {Threei} look
[14:27] {Threei} what the heck just happened?
[14:28] {Threei} today is NOT it I meanr
[14:28] {dino} nflx big rinse
[14:30] {Threei} in FAZ .22
[14:30] {Threei} stop under .10
[14:30] {vinod} infaz 10.14
[14:30] {Threei} out
[14:30] {Threei} shrug
[14:31] {vinod} i have stop at 10.00
[14:35] {vinod} stoped
[14:35] {Threei} quite amazing waves
[14:40] {vinod} now it going to be 11.
[14:40] {vinod} since i am out
[14:41] {Threei} or 9
[14:41] {Threei} and you'll be very happy to be out
[14:41] {vinod} yes, it is part og play
[14:41] {vinod} of
[14:43] {nemo} pullback to .95 on FAZ?
[14:44] {nemo} nope
[14:44] {Threei} can't tell
[14:48] {vinod} this is a phony rally by banks
[14:52] {Threei} lol
[14:53] {nemo} what?
[14:55] {Threei} these drops and spikes out of nowhere
[14:57] {dino} apol stop to .20
[15:01] {Threei} WORLD BANK PRESIDENT: USD WILL REMAIN THE WORLD'S RESERVE CURRENCY
[15:01] {Threei} heh
[15:01] {Threei} who would have thought
[15:02] {dino} to .45b apol
[15:02] {dino} to .50
[15:03] {dino} out apol .50, +1.00
[15:05] {vinod} Threei who would have thought -My Original purpose to come to US was to get some green
[15:06] {vinod} But they made me work for it
[15:07] {Threei} lol
[15:07] {Threei} look at FAZ
[15:07] {Threei} glad you are out?
[15:08] {dino} intc l .15
[15:08] {vinod} you are correct it going to be at 9
[15:08] {cosmo} fas hod
[15:09] {Threei} US) EPA: WAXMAN-MARKEY CLIMATE BILL WOULD HAVE A FAVORABLE ECONOMIC IMPACT, COULD PLAY A KEY ROLE IN ECONOMIC RECOVERY
[15:09] {Threei} - Note that this bill is centered around a cap-and-trade system that is intended to reduce American greenhouse gas emissions to 20% below 2005 levels by 2020, and to 83% below 2005 levels by 2050.{
[15:09] {nemo} cap & trade is wealth transfer
[15:09] {nemo} not creation
[15:09] {cosmo} scam too
[15:10] {nemo} so it'll be a net negative because of transaction costs...idiots
[15:10] {Threei} sigh
[15:10] {cosmo} it never got a stress test either
[15:12] {magoo} vad, we in anythiong?
[15:12] {Threei} tes
[15:12] {Threei} in shoskc and awe
[15:12] {Threei} shock too
[15:13] {magoo} thiong?
[15:13] {Threei} am I dyslexic...
[15:13] {magoo} in any thong? lol
[15:13] {nemo} hehehehehe
[15:13] {Threei} I mean, diksleksic
[15:13] {nemo} dyspeptic
[15:18] {magoo} vad, u in any thong here?
[15:18] {Threei} ummm
[15:19] {Threei} this is second time today you make me question your orientation, mags...
[15:19] {dptl} lol
[15:19] {magoo} roflol
[15:19] {nemo} careful of your ankle mags
[15:20] {dino} intc to .27
[15:20] {nemo} fas short below .60? or FAZ long?
[15:20] {magoo} my ankle feels like when kathy bates did his ankle in in "misery"
[15:20] {dino} out intc .27, +.12
[15:23] {dino} come over here so i can kick it mapoo
[15:23] {magoo} ma poo??
[15:23] {nemo} His poo?
06[15:23] * magoo slaps dino around a bit with a large trout
06[15:23] * nemo slaps dino around a bit with a large roll of quilted Charmin
[15:24] {dino} lol
[15:25] {Threei} strange day
[15:25] {cosmo} IYR daily
[15:25] {Threei} first, my read on the market seems to oscillate today
[15:25] {Threei} comes back and fades away, time and again
[15:25] {Threei} second, you guys are beyond strange today
[15:25] {Threei} but that's fine... oddly enough, I find it comforting
[15:26] {dino} wicked moves today
[15:26] {nemo} pot callin' kettle black again Vader
[15:26] {Threei} I guess, lol
[15:26] {Threei} wicked is right
[15:26] {magoo} i have not been myself today he he
[15:26] {Threei} who would have believed in themorning if told what FAS/FAZ were going to do
[15:27] {dino} lots of stocks down 4-10 bucks, i call that wicked
[15:27] {Threei} mags... I don't know if that's good or bad, honeslty
[15:28] {nemo} Dino look at stats on FINVIZ.com?
[15:29] {dino} i don't know what to look at, busy
[15:30] {Threei} UAUA CEO: NO INDICATIONS YET THAT TRAVEL HAS BOTTOMED; DIFFICULT TO FORECAST A BOTTOM
[15:31] {nemo} top of page volumes on NAS below average, average for S&P 120% for dow. 71% advancing 74% above 20 day 80% above 50 day
[15:31] {dino} ok, thx
[15:31] {magoo} i took 100 sh skf long .70
[15:32] {magoo} risky
[15:32] {magoo} would luv multi points
[15:32] {Threei} 100 shares?
[15:32] {Threei} magoo is replaced by alien today
[15:32] {magoo} lil more..dont want hurt anyobne
[15:32] {nemo} it's the drugs
[15:32] {nemo} his ankle
[15:33] {Threei} he trades 100 shares, he is gayishif not just gay...
[15:33] {nemo} mmmmmhhhhh....didn't somebody scold somebody about political correctness today
[15:34] {Threei} I changed my mind
[15:34] {magoo} I AM NOT GAY..AND I AM NOT POLITICALLY CORRECT}}SO DONT GET ME GOINMG HE HE
[15:34] {Threei} I watched thes story about miss california on TV
[15:34] {nemo} your bat your ball your park
[15:34] {Threei} I don't want to be politically correct anymore
[15:34] {Threei} (not that I ever did, lol)
[15:35] {nemo} yeah...at least they don't have a Lubyanka in Canada...I think???
[15:35] {magoo} fcreakin SKF..whenever im niot in it goes like 30 points
[15:35] {Threei} girl said what she thought, wasn't offensive, wasn't exclusive or dismssive
[15:35] {magoo} when in it blows
[15:35] {Threei} and got pillored
[15:39] {magoo} no work
[15:41] {dino} txn stop to .05
[15:41] {Threei} we got inside day today
[15:41] {dino} stopped +.30
[15:42] {Threei} which means, anyone's guess what happens next
[15:42] {Threei} my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise
[15:42] {magoo} out SKF .19
[15:43] {magoo} + but not my 30 points:(
[15:43] {cosmo} BRCM hod test soon
[15:43] {cosmo} 20.39
[15:43] {Threei} volume on NASDAQ is a bit higher than yesterday
[15:43] {dino} gaps above and below
[15:44] {Threei} right
[15:44] {Threei} inside dsay will do that
[15:44] {Threei} leaves a lot of ucertainety
[15:44] {Threei} only typed better
[15:45] {dino} fri close gaps up, no gaps today
[15:45] {dino} needed 825 gap to fill, just missed
[15:48] {magoo} MS reports tomorrow morn vad
[15:48] {magoo} aapl tomorrow after bell
[15:48] {nemo} boy cable here in the backwoods of Maine really SUCKS!!!
[15:48] {dino} t prior
[15:49] {dino} buy dvd's
[15:49] {Threei} and WFC
[15:49] {nemo} Internet connection
[15:49] {Threei} lol
[15:49] {magoo} OYYYYYY
[15:50] {dino} then get cnbc dvd
[15:50] {cosmo} brcm gappa?
[15:50] {dino} pretty much same show every day
[15:50] {dino} c'mon titn, pappa needs some new shoes
[15:52] {nemo} did I miss anything between :38 and :48?
[15:53] {magoo} GS should 120..RISKY
[15:53] {magoo} in .,20
[15:53] {Threei} no nemo
[15:54] {nemo} kewl
[15:54] {Threei} today went not overly active but profitable
[15:54] {Threei} and I really don't want to spoil it during these chaotic jumps
[15:54] {Threei} one must know ones limitations
[15:54] {Threei} and one has magoo to remind of them if one forgets
[15:55] {magoo} oh yea..look GS
[15:56] {Threei} mama mia, FAZ
[15:56] {Threei} -3 from the top
[15:56] {magoo} 120
[15:56] {Threei} you would expect this kind of magnitude from $40 stock, not from under $10
[15:56] {dptl} have a good evening all
[15:57] {magoo} [15:54] {magoo} GS should 120..RISKY
[15:57] {nemo} hey MAGS you clear GS?
[15:57] {magoo} [15:54] {magoo} in .,20
[15:57] {magoo} [15:54] {&Threei} no nemo
[15:57] {Threei} take care dp
[15:57] {magoo} cut yes
[15:57] {magoo} get OUT
[15:57] {magoo} dso not hold
[15:58] {magoo} will gap at close CAREFUL
[15:58] {Threei} hold?
[15:58] {Threei} no way
[15:59] {magoo} nemo??
[15:59] {Threei} MS reporting... WFC reporting...
[15:59] {Threei} generaly earnings season
[15:59] {nemo} WFC on THursday I think
[15:59] {Threei} FITB
[15:59] {Threei} COMFORTABLE WITH CAPITAL LEVELS - FILING
[15:59] {magoo} u take GS nemo? u OUT??
[15:59] {Threei} I show tomorrow morning
[16:00] {Threei} SEES CAPITAL LEVELS EXCEEDING TARGETS IN THE NEAR TERM - ANNUAL MEETING SLIDES
[16:00] {magoo} yup vad
[16:00] {nemo} no
[16:00] {Threei} okay guys
[16:00] {magoo} scared me bro
[16:00] {Threei} thank you all, have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {magoo} please respond next time or i slap ya
[16:01] {magoo} vad WAIT
[16:01] {nemo} who me? I was down for 10 minutes?
[16:01] {Threei} what?
06[16:01] * magoo slaps Threei around a bit with a large trout
[16:01] {Threei} oh that
[16:01] {fernp} good day here. See you all tomorrow. Good evening
[16:01] {Threei} good to hear fern
[16:01] {Threei} magoo
[16:01] {magoo} good recove fern
06[16:01] * nemo kneecaps mags with a 2x4
[16:01] {jfjf64} good day all
[16:01] {nemo} now your ankle won't hurt
06[16:02] * Threei slaps magoo around a bit with a large holster containing trout inside
06[16:02] * nemo throws a handful of trout eggs at magoo
[16:02] {nemo} Vad...we'll have to move up to bigger fish...sturgeon next
[16:03] {Threei} more stink too
[16:03] {nemo} caviar though
[16:03] {Threei} true
[16:03] {nemo} can't whack mags with that!
