Apr 22 2009

Not overly active but nicely profitable day. We got the idea of the day right and early, and utilized it qith a few trades on FITB, FAS and JPM.

Session Time: Wed Apr 22 00:00:00 2009

[07:58] {cosmo} DNDN Raised To Buy From Neutral By Merriman

[07:58] {cosmo} fwiw

[08:01] {Threei}  JPM

[08:01] {Threei}  REPORTS Q1 -$0.01 V $0.01E, REV $106.8M V $109.7ME

[08:01] {Threei}  morning cosmo

[08:01] {cosmo} :)

[08:02] {Threei}  hmmm

[08:02] {Threei}  sorry, wrong symbol

[08:02] {Threei}  JPN

[08:02] {Threei}  here comes MS

[08:02] {Threei}  REPORTS Q1 -$0.57 V -$0.08

[08:02] {Threei}  CUTS DIVIDEND TO $0.05/SHARE

[08:03] {Threei}  ($0.27/SHARE PREVIOUS)

[08:03] {nemo} hello

[08:03] {Threei}  nemo :)

[08:04] {Threei}  WFC earlier

[08:04] {Threei}  REPORTS Q1 $0.56 V $0.41E, R $21.0B V $19.37BE

[08:04] {Threei}  - New Loans $175B

[08:04] {Threei}  - Operating margins with consolidated net interest margin of approximately 4.1% and efficiency ratio of approximately 56%

[08:04] {Threei}  - Combined net charge-offs of $3.3B v $2.8B at legacy Wells Fargo q/q v $3.3B at legacy Wachovia

[08:04] {Threei}  - Provision expense of approximately $4.6B, including $1.3B credit reserve build, bringing the allowance for credit losses to $23B

[08:04] {Threei}  - Pre-tax pre-provision profit of approximately $9.2B.

[08:04] {Threei}  - Wachovia merger exceeded expectations in Q1, affirms $5B in annual merger savings

[08:04] {Threei}  - TCE forecasted at 3.1%

[08:05] {nemo} what's that doing to the stock this morning considering they preannounced?

[08:05] {magoo} l;srujrrsghsrhsrej

[08:05] {Threei}  unless there is some new information, not much

[08:05] {Threei}  magoo :)

[08:05] {Threei}  back to MS

[08:06] {Threei}  R $3.04B V $5.01BE;

[08:06] {nemo} Acting had of Freddie Mac commits suicide

[08:06] {magoo} 3/5th of estimate?

[08:06] {Threei}  yeah

[08:07] {Threei}  interesting... MS more honest or worse managed than others?

[08:07] {magoo} u thinking FAZ ?

[08:07] {Threei}  not sure

[08:07] {Threei}  gap down is not deep

[08:07] {Threei}  could be a bear trap

[08:07] {magoo} WFC not good either, correct?

[08:08] {Threei}  - Total AUM $356B v $546B q/q

[08:08] {Threei}  well, WFC largely repeted results from pre-announcement as far as I remember

[08:09] {Threei}  if there is something new in their report, I would have to go back and dig old one and compare

[08:09] {Threei}  and I am to lazy for that

[08:11] {magoo} what arewe talking about again/ {lol}

[08:12] {Threei}  - Institutional Securities net revenues $167M v $844M q/q

[08:13] {Threei}  - Global Wealth Management revenues of $73M v $1.42B q/q

[08:13] {Threei}  - Investment Banking revenues $886M v $788M q/q

[08:13] {Threei}  same pattern... more money is made by trading

[08:13] {Threei}  losses in other fields

[08:16] {Threei}  - Equity sales and trading net revenues $900M v -$2.32B q/q

[08:17] {Threei}  04/22/09 07:55am

[08:17] {Threei}  [FRE] Freddie Mac Reportedly the acting CFO Kellerman has been discovered dead - unconfirmed report

[08:17] {Threei}  - Initial reports suggest it was suicide

[08:17] {Threei}  - Confirmed by CNBC

[08:18] {magoo} hammering MS now

[08:21] {Threei}  - Asset Management experienced a pre-tax loss of $0.6B as losses on real estate principal investments

[08:21] {Threei}  - Firm achieved headcount reductions of 5% during the quarter and lowered non-compensation expenses 9% from last years first quarter and is on track to achieve its previously announced annual cost savings target of $2B.

[08:30] {Threei}  (CA) CANADA MAR LEADING INDICATORS M/M: -1.3% V -0.8%E

[08:30] {Threei}  Prior MoM revised from -1.1% to -1.4%

[08:31] {Threei}  WFC EXEC: PROFITS IN Q1 WERE RECORD EVEN AFTER $600M IN PREFERRED SHARE DIV PAYMENTS -CONF CALL

[08:31] {Threei}  - Organic growth at firm was driven by existing, long term business model

[08:32] {pita} morning all

[08:33] {Threei}  pita :)

[08:33] {cosmo} PPDI

[08:34] {cosmo}  PPDI) said it has completed the acquisition of AbC.R.O., Inc., a

[08:34] {cosmo} contract research organization operating in Central and Eastern Europe.

[08:52] {Threei}  DNDN... any slightest blip with FDA, scared to even think how far this thing can drop

[08:52] {Threei}  (US) TREASURY SEC GEITHNER: POLICY MAKERS WILL NEED TO ADOPT STRATEGY TO A GLOBAL VIEW

[08:52] {Threei}  - Must be positive that scale of support for operations be broad

[08:52] {Threei}  - IMF expects the world economy to contract by 1.3% in 2009

[08:52] {Threei}  - Global economy needs the US economy to recover

[08:52] {Threei}  they still haven't decoupled?

[08:52] {Threei}  too bad

[08:53] {Threei}  tongue in cheeck comment of course... remember all those decoupling theories?

[08:53] {Threei}  as if you could take the biggest economy/consumer out of the equation and the rest could function asd if nothing happened

[08:54] {dptl} good morning all

[08:54] {Threei}  dp :)

[08:57] {fernp} Hello everybody

[08:59] {Threei}  fern :)

[09:06] {Threei}  (US) US TREASURY SEC GEITHNER: CANNOT EASE UP ON RECOVERY EFFORTS TOO EARLY - Q&A

[09:06] {Threei}  of course not

[09:07] {Threei}  noty until last trillion is spent

[09:07] {Threei}  as long as there are trillions to waste - wasted they must be

[09:09] {dino} gm all

[09:10] {Threei}  dino :)_

[09:15] {ese} morning vad.....new visa has arrived......just have to activate it.....and I can stay with you....whewwwwwww!(wiping sweat from forehead and brow)

[09:15] {Threei}  ese :)

[09:16] {Threei}  if you have any questions, please forward them to info@realitytrader.com

[09:16] {ese} tks

[09:20] {dino} ilmn beats and drops

[09:21] {Threei}  ahh, my favorite kind of annoucement:

[09:21] {Threei}  YSD/CNY

[09:21] {Threei}  TREASURY SEC GEITHNER: HAS NOTHING TO ADD TO LAST WEEKS CURRENCY REPORT ON ISSUE OF YUAN

[09:21] {ese} naturally

[09:21] {cosmo} yawn

[09:21] {Threei}  we report that there is no news to report

[09:21] {nemo} looks like FAS might be setting up for a pop

[09:21] {Threei}  WFC CFO: HAVE HIRED 5,000 EMPLOYEES FOR MORTGAGE PROCESSING - PRESS INTERVIEW

[09:22] {Threei}  GS

[09:22] {Threei}  CALYON INITIATES GS WITH SELL, PRICE TARGET: $113.00

[09:22] {Threei}  - Mike Mayo call

[09:22] {ese} fas or faz

[09:22] {Threei}  {GS} Mike Mayo you said? okkkaaayyy....

[09:24] {ese} aapl's up....whats hapening there?

[09:25] {ese} never mind got it....reporting at end of the day

[09:25] {Threei}  04/22/09 08:13am

[09:25] {Threei}  [AAPL] Apple Inc Piper out reccomending Buying stock ahead of earnings due after the close today, citing iPhone upside growth

[09:25] {Threei}  - Piper saying they are increasingly confident in its 3.7M iPhone shipment estimate

[09:26] {ese} brave statement

[09:26] {Threei}  that's you piper... little brave soldier

[09:27] {Threei}  in old times when MMs actually showed their faces on level 2, we would see PIPR at the offer all day, lol

[09:28] {magoo} man, to recommend buy AHEAD..aapl gonna swing 15 points

[09:29] {jfjf64} mornin all

[09:29] {jfjf64} game on

[09:29] {Threei}  jf :)

[09:30] {Threei}  OBAMA OFFICIALS TO URGE CONGRESS TO PASS LEGISLATION CAPPING U.S. GREENHOUSE GAS EMISSIONS - WSJ

[09:31] {cosmo} sigh

[09:31] {nemo} they ought to put a cap in...errr....cap him

[09:31] {Threei}  04/22/09 09:00am

[09:31] {Threei}  [SPWRA] SunPower Corporation Exelon and SunPower to develop 10MW urban solar power plant

[09:31] {Threei}  - Exelon and SunPower Corp. have signed an agreement to develop the nation's largest urban solar power plant at a former industrial site on Chicago's South Side. The 10MW solar photovoltaic (PV) facility is scheduled for completion by the end of this year.

[09:32] {nemo} wow, FAS/FAZ haven't been this subdued on the open in a long time

[09:32] {Threei}  - The $60M project is contingent upon Exelon receiving a federal loan guarantee under the recently passed federal stimulus legislation formally known as the American Recovery and Reinvestment Act, which includes provisions for investment in green jobs and emissions reduction. Exelon is seeking a loan guarantee for up to 80% of the project cost from the U.S. Department of Energy Loan Guarantee Program Office (LGPO).

[09:32] {Threei}  feels to me like FAS is getting ready for upswing

[09:33] {Threei}  ugh

[09:33] {Threei}  too fast

[09:33] {Threei} Long Setup:  FITB  .61 - .62

[09:33] {nemo} [09:21] {nemo} looks like FAS might be setting up for a pop

[09:33] {Threei}  stop for scalpers under .55

[09:33] {Threei}  for day trade under .50

[09:34] {magoo} in

[09:34] {nemo} in

[09:34] {dptl} in.62

[09:35] {Threei}  1:1 for hardcore scalpers

[09:35] {dptl} half out

[09:35] {fernp} ty Vad

[09:35] {Threei}  1:1 for daytrade

[09:35] {Threei}  half out .73

[09:35] {ese} l fitb

[09:36] {dptl} out more .75

[09:36] {Threei}  04/22/09 08:10am

[09:36] {Threei}  [BRCD] Brocade Communications Systems Inc. Goldman Sachs Raised BRCD to Buy from Neutral, price target: $6.50

[09:36] {Threei}  - Added to Conviction Buy List

[09:36] {ese} .70 out .76 +.06

[09:36] {Threei}  1:2 for daytrade

[09:37] {nemo} out ty

[09:37] {dptl} all out .84 ty

[09:37] {Threei}  out in full .90

[09:37] {nemo} .86

[09:37] {Threei}  ese... why in .70??

[09:37] {Threei}  call was .61 - .62

[09:37] {pita} nice call

[09:37] {Threei}  and was available easily

[09:37] {nemo} he's happy over his visa

[09:37] {jfjf64} ty gm on!!!

[09:38] {Threei}  almost 30 cents in minutes on a small liquid stock allowing for a big lot...

[09:38] {Threei}  can I go home?

[09:38] {nemo} NO!

[09:38] {nemo} you are home

[09:38] {Threei}  BRCD...

[09:38] {ese} could see faz really tanking o thought that it was reasonable

[09:39] {Threei}  this one has markings of a slw climber

[09:39] {ese} missed your call basicailly   was looking at something else

[09:39] {nemo} thanks ese, makes me feel better

[09:39] {Threei}  sniff sniff

[09:39] {Threei}  BRCD, 5 break worth a try

[09:40] {Threei}  let's see where it bottoms out before breaking

[09:40] {Threei}  4.90 loss is invalidating event

[09:40] {Threei}  friking FAS

[09:40] {ese} and as i look at it......lousy fill ...was looking at .67.....too many of you all ahead of me

[09:40] {magoo} out .82 TY vad

[09:41] {magoo} was on phone

[09:41] {Threei}  feeling that it was going to jump off 7 was so strong

[09:41] {magoo} look up winner

[09:41] {Threei}  and it moved tooo much while I typed

[09:42] {Threei}  ese... your broker gives you nice commissions with flat fee for big shares, no questions about it

[09:42] {nemo} RIMM bolted out of the gate too

[09:42] {Threei}  but lousy executions overweigh this advanrtage I am sure

[09:42] {Threei}  with small stocks/big lots every cent means a lot

[09:43] {Threei}  simple math:

[09:43] {nemo} let me take my shoes off

[09:43] {Threei}  10K shares, 3 cents lost on bad execution,

[09:43] {Threei}  compare it to commissions

[09:43] {Threei}  and to polish it off, imagine bad execution on a stop if stock falls fast

[09:43] {Threei}  it will be way worse than 3 cents in many cases

[09:45] {Threei}  wow STX

[09:46] {Threei}  04/21/09 04:01pm

[09:46] {Threei}  [STX] Seagate Technology Reports Q3 -$0.56 v -$0.45e, R$2.1B v $2.01Be

[09:46] {Threei}  - Guides Q4 EPS -$0.47 to -$0.37(incl items) v -$0.30e, R $1.9-2.2B v $1.97Be

[09:46] {Threei}  what the deuce

[09:46] {Threei}  lol

[09:47] {Threei}  06:40am [STX] Price Target raised to $6 from $4.50 at BofA/Merrill Lynch, maintains Underperform rating

[09:47] {Threei}  this is something from parallel universe

[09:51] {magoo} .

[09:51] {nemo} mags...ankle broken or sprained badly?

[09:52] {magoo} i think broke, i gotta get to xray but havent had ttime

[09:52] {magoo} i cant walk on it at all

[09:52] {Threei}  ouch

[09:53] {magoo} swollen foot purple

[09:53] {Threei}  JPM

[09:53] {nemo} could be either...if it needs to be set don't wait to the point where they have to re-break it.  That sucks!

[09:53] {dino} whiner, :)

[09:53] {Threei}  see if we get pullback into .10

[09:54] {Threei}  in

[09:54] {Threei}  stop under 32

[09:54] {ese} market internals look better today  trin .87 tick 115

[09:54] {ese} more buying than selling

[09:54] {magoo} in

[09:54] {Threei}  over 1:1

[09:54] {Threei}  half out .25

[09:55] {Threei}  scalpers got their 3 seconds profit

[09:55] {Threei}  (pesky creatures)

[09:55] {dino} ilmn sm l .30txn green

[09:56] {Threei}  stop to under .10

[09:57] {dino} txn l .25 sm

[09:58] {pita} in .12 out .30 twice - ty

[09:58] {Threei}  wow

[09:58] {Threei}  wtg

[09:58] {Threei}  nice resolve

[10:00] {Threei}  out 1/4 more .40

[10:00] {magoo} out .38 TY vad

[10:00] {Threei}  welcome

[10:00] {jfjf64} ty

[10:01] {dptl} brcd valid again?

[10:01] {Threei}  out in full +.50

[10:01] {Threei}  not sure

[10:01] {Threei}  about BRCD that is

[10:02] {Threei}  why bother

[10:02] {Threei}  stock doesn't make new highs with market

[10:02] {Threei}  go where activity is

[10:02] {Threei}  we got 30 cents of FITB and 50 cents on JPM

[10:02] {jfjf64} yo monster lol

[10:03] {ese} L fitb .83

[10:03] {Threei}  and FITB is comparable to BRCD in terms of price and liquidity

[10:03] {Threei}  that's what being in the center of activity does to a stock

[10:03] {dptl} ok ty

[10:05] {dino} ilmn stop to .09

[10:06] {dino} to .30

[10:07] {dino} out ilmn .40, +1.10

[10:07] {fernp} gj

[10:07] {Threei}  wtg

[10:08] {dino} ty

[10:08] {Threei}  Shirtless President to appear on magazine cover

[10:09] {dino} nflx stop to .25

[10:09] {nemo} double top on JPM?

[10:09] {dino} out +.50

[10:09] {Threei}  volume is not right for the reversal pattern

[10:10] {Threei}  not sure

[10:10] {dino} txn to b/e

[10:10] {Threei}  let's wait a bit for more determination

[10:10] {nemo} I was just notifying,  I know how things can slip by unnoticed

[10:10] {Threei}  especially when one is trying to trade with his eyes closed

[10:11] {Threei}  which is my today's experiment

[10:11] {dino} huh?

[10:11] {Threei}  lol

[10:12] {nemo} using his 3rd eye Dino

[10:12] {dino} out titn overnight +.42

[10:12] {Threei}  new high JPM

06[10:12] * magoo slaps dino around a bit with a large trout

[10:13] {dino} nice when a plan comes tyogether

[10:13] {nemo} thanks George

[10:13] {Threei}  *FEB HOUSE PRICE INDEX M/M: 0.7% V -0.7%E

[10:13] {nemo} you've been taking typing lessons from Vad

[10:14] {Threei}  how about that

[10:14] {Threei}  housing is fixed

[10:14] {cosmo} fixed?

[10:14] {Threei}  no?

[10:15] {cosmo} everything is fixed?

[10:15] {Threei}  about to

[10:15] {Threei}  come on, let's let some positive spin in our lives

[10:16] {nemo} that sent the finnies higher

[10:16] {Threei}  [15:42] {Threei} my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[10:16] {dino} i go with up and down and down and up

[10:18] {ese} out fitb .95 +.12

[10:18] {Threei}  wtg

[10:18] {Threei}  20K little buggers?

[10:19] {ese} tks....feel like it was a bad trade though

[10:19] {cosmo} CAT has positive spin

[10:19] {ese} knew i should have been in around .65 but didn't pull the trigger

[10:19] {Threei}  FITB starts looking like 4 will be taken

[10:20] {Threei}  needs help by FAS

[10:20] {dino} ilmn drops

[10:20] {magoo} now vads one of those

[10:20] {magoo} calls 4 after its 4.02 he he

[10:20] {Threei}  no

[10:20] {Threei}  said it when it was 3.98

[10:20] {Threei}  look faster

[10:21] {jfjf64} 1 for magoo   lol

[10:22] {ese} yup it was 20000 of the litle bugers vad

[10:22] {ese} didn't see that post

[10:22] {Threei}  :)

[10:23] {ese} but still should have been in at .65 ish

[10:23] {nemo} so do faz and fas cross again today

[10:25] {cosmo} so... do we know yet who gets the 'high speed rail' bailout?

[10:25] {cosmo} GM maybe?

[10:25] {cosmo} ... just thinking...

[10:29] {dino} txn stop to .49

[10:29] {ese} how does the market feel to you all ...another leg up per chance

[10:29] {nemo} wondr if the finnies will pull back today :)?

[10:29] {ese} or bit of a slide

[10:30] {dino} no feel so far, which is wierd for me

[10:30] {nemo} [10:16] {dino} i go with up and down and down and up

[10:30] {Threei}  *DOE CRUDE: +3.85M V +2.5ME

[10:30] {dino} lol

[10:30] {Threei}  GASOLINE: +800K V -800KE; DISTILLATE: +2.68MM V -900KE;

[10:31] {nemo} that might slow things down

[10:31] {dino} keep adding baby, some day we'll sell it to opec

[10:31] {dino} out txn .49, +.24

[10:32] {nemo} Dino swinging for the fences in the morning...kewl

[10:33] {dino} ilmn back to original entry

[10:33] {dino} 'lucky

[10:33] {dino} back to basics nemo

[10:33] {nemo} good to be irish

[10:33] {nemo} morning hasn't been your forte

[10:33] {dino} ilmn perhaps wants to "double" bottom

[10:34] {dino} never was

[10:34] {nemo} so today a good day

[10:34] {dino} only thing different i can think of, started walking 2 miles at 7:30 am again

[10:34] {dino} indeed it is, over already

[10:35] {nemo} everything backed off when that oil number came out

[10:37] {dino} sm l ilmn .50

[10:40] {dptl} cat  bounce?

[10:40] {cosmo} its alive

[10:40] {dptl} too late

[10:41] {Threei}  can't tell consolidation from end of run at this point

[10:41] {Threei}  wauiting to see what transpires

[10:42] {cosmo} large institutional blocks may tell

[10:44] {cosmo} watching JASO...

[10:45] {cosmo} .25 to .35 range

[10:49] {nemo} anybody awake?

[10:49] {ese} yup 

[10:49] {Threei}  loud snorring was the answer

[10:50] {ese} just waiting for fitb again

[10:50] {ese} have a limit buy at .90

[10:51] {ese} can change my mind if market looks stronger

[10:51] {ese} 20 MA says .88   pullback we'll see

[10:52] {dptl} on 5 min?ese

[10:56] {ese} 15 min

[10:57] {dptl} almost the same on 5min.90 now

[10:57] {ese} if it pulls back here higher than .95   am gonna enter

[10:58] {Threei}  I don't feel this upward move starts next leg

[10:59] {ese} me either

[11:00] {nemo} \

[11:00] {nemo} sorry...it was the cat

[11:00] {ese} q's lower faz higher...won't enter

[11:01] {ese} although  fitb looks to be going against the grain here a little

[11:01] {Threei}  that was the trap so far

[11:01] {Threei}  FITB is a bit stronger, yeah

[11:04] {ese} gonna test the waters   l fitb .03 small

[11:05] {dino} ilmn stop tighten to .44 mkt drop

[11:06] {Threei}  activity dried up completely

[11:07] {Threei}  we need this stand-off resolved so some ibalanaces return and action starts again

[11:07] {dino} iclr

[11:07] {Threei}  feels like FAS drop into .60 area at least is catalyst for renewed interest

[11:09] {dino} 19 to 13 in day

[11:09] {dino} iclr, ppdi, kndl are buys somewhere soon, imo

[11:09] {Threei}  [ICLR] ICON plc Reports Q4 $0.35 v $0.34e, R $220.1M v $218.4Me

[11:09] {Threei}  - Full year net business awards totalled $1.3B, a 28% increase on last year.Fourth quarter net business awards were $261M, a book to bill of 1.2.

[11:09] {Threei}  - CEO "We are very satisfied with our performance in quarter four. Revenues were up 22%, margins held strong at 12% and EPS was up 35%. With our backlog at $1.74B we have entered 2009 in a good position, although the difficult economic climate has put some customers under pressure and has created a degree of uncertainty. We remain positive, though cautious, as 2009 commences."

[11:10] {Threei}  what would have happened if they missed?

[11:11] {dino} kndl pre-big miss, ppdi missed, same business

[11:11] {Threei}  FERC CHIEF: US MAY NOT REQUIRE NEW COAL OR NUCLEAR POWER PLANTS AS RENEWABLE ENERGY SOURCES COMBINED WITH NEW EFFIENCIES MAY MEET DEMAND

[11:11] {ese} very good question.......

[11:11] {Threei}  really?

[11:12] {Threei}  solar, wind and tide are capable of meeting demand already??

[11:12] {nemo} hot air out of Washington is

[11:12] {Threei}  unless I slept 50 years and today is 2059...

[11:12] {ese} in this take no prisoners enviroonment.......icon would be trash now

[11:12] {dino} politician=liar

[11:13] {ese} cool math

[11:13] {dino} atty by traing, so you figure it out

[11:13] {pita} anybody know how to add sound to posts in mIRC?

[11:13] {Threei}  this total lack of resopnsibility will never cease to amaze me

[11:14] {cosmo} just stick a rod in the ground and harvest the schumann resonance....but they wont listen...they never do...

[11:14] {Threei}  say whetever you want, damn the consequences

[11:14] {Threei}  I think dp set them, pita

[11:15] {dptl} sounds?

[11:15] {pita} beep or something to notify of vad posts

[11:15] {dino} damn the topedos

[11:16] {dino} iclr bugs me

[11:16] {dptl} tools-options-sounds

[11:16] {dino} sm l .69

[11:16] {pita} then what?

[11:17] {dino} stop .47

[11:17] {nemo} or just right click on the window icon in the toolbar and pick "beeping"

[11:17] {dptl} enable sounds

[11:17] {dptl} channel,chat

[11:17] {Threei}  oh, and after you set it all, you need to say "

[11:17] {Threei}  kreks-feks-peks", as you click OK

[11:17] {dino} lord vader

[11:17] {dptl} lol

[11:18] {nemo} yeah, "Dark Helmet"

[11:18] {nemo} Anybody ever see, "The Boondock Saints"?

[11:18] {Threei}  that's how I feel when I configure all those features... total vodoo, lol

[11:18] {nemo} great movie

[11:18] {jfjf64} is there way to get sounds on vads post??

[11:18] {dptl} there is a trick though...if the window is active it's not gonna make sounds

[11:19] {dino} ilmn moving

[11:19] {Threei}  lol jf...

[11:19] {dptl} yep

[11:19] {Threei}  you guys need to wake up at least once an hour

[11:20] {jfjf64} guess that was for me

[11:20] {dino} do you want us to trade or wake up?

[11:20] {Threei}  yes sir :)

[11:20] {Threei}  trade dino... but to set sounds, one needs to wake up

[11:20] {dptl} keep #flor window open but have active discussion and then you here beep only then Vad post somthing

[11:20] {dino} music is all i need

[11:20] {Threei}  that's because you ignore me

[11:21] {nemo} that's not true...perish the thought

[11:21] {Threei}  can't blame you though, my own reflection in the mirror ignores me

[11:21] {dino} ilmn to b/e

[11:21] {dino} huh, you say something

[11:21] {dino} good girl iclr

[11:24] {dino} ndx hod

[11:25] {dino} ilmn to .60

[11:27] {dino} hmm iclr drop

[11:28] {pita} later all...

[11:28] {dino} ilmn to .80

[11:29] {dino} cya pita

[11:29] {Threei}  take care pita

[11:30] {dino} stopped iclr slip.44 ave-.25

[11:30] {dino} will retry around low

[11:31] {dino} out ilmn .90, +.40

[11:32] {nemo} so +.15 between the two.  3 for 4 today Dino?

[11:32] {Threei}  MS CFO: WILL WAIT FOR RESULT OF STRESS TESTS TO DETEMINE WHAT TO DO ON TARP; WILL CONSIDER REPAYMENT OF CAPITAL - CONF CALL

[11:32] {Threei}  - Similar to comments made earlier today regarding repayment of tarp (earlier: MSCFO notes plans to repay the TARP once regulators signal their approval.)

[11:35] {jfjf64} nother conf call    

[11:36] {vinod} you guys are ice cold today?

[11:36] {nemo} two wins early, market's been dead since 10

[11:36] {Threei}  hmm?

[11:37] {nemo} oh, and vad's been in a coma

[11:37] {vinod} good afternoon to all

[11:37] {jfjf64} 3for3

[11:37] {Threei}  I am in a coma 9/10 of time

[11:37] {dino} iclr drop

[11:38] {Threei}  doesn't mean I can't tade

[11:38] {Threei}  in factm, it'

[11:38] {Threei}  s just opposite

[11:38] {jfjf64} spell  lol

[11:38] {magoo} we in anything vad?

[11:38] {Threei}  see nemo's remark above mags

[11:39] {magoo} was away from desk

[11:39] {Threei}  starts looking like creep-up day in progress

[11:39] {dino} cold, having a good one

[11:39] {vinod} guy at work told me BAC is 100 stock in 5 year and many IPO will come out of it-i am not buying it

[11:40] {Threei}  in 5 years?

[11:40] {vinod} nemo-i work at John Hancock financial

[11:40] {nemo} in the tower?

[11:40] {vinod} yes 32nd floor

[11:41] {Threei}  I can't see how any reasonable human being can seriously talk about such what happens in 5 hyears with any particular stock/company in times like this

[11:41] {Threei}  and when it comes to financial name... lol

[11:41] {nemo} especially with the world ending in 2012

[11:42] {Threei}  put him to test vinod... ask him where BAC is going to be in an hour

[11:42] {vinod} i am compurt guy don't know financial

[11:42] {Threei}  he nails it, I am buying all BAC I can and wait 5 years

[11:43] {vinod} buy the rule I can't stock with any fund manager

[11:44] {dino} well, if he said it it must be true

[11:44] {vinod} i am trying to make this board live again?

[11:45] {dino} it needs tunes

[11:48] {dino} vocs, wab

[11:52] {dptl} jns?

[11:53] {Threei}  nah

[11:53] {dptl} daily looks good ,no?

[11:53] {Threei}  eerything does, intraday too

[11:54] {Threei}  it's a breakout during lunch time

[11:54] {dino} thank you

[11:54] {Threei}  after dollar move

[11:54] {Threei}  total 50/50

[11:54] {dptl} ok ty

[11:54] {Threei}  can jump to .30, can drop to 8.80

[11:54] {Threei}  roll a dice

[11:58] {vinod} Threei  roll a dice --lvs

[11:59] {dino} you want the ceasars coin toss?

[11:59] {Threei}  LVS, as MGM, is a part of developing story now

[11:59] {Threei}  Ichan vs Kerkorian

[12:00] {dino} i use the ceasars coin

[12:00] {dino} sm l vocs .80, stop .49

[12:01] {dino} iclr big rinse

[12:02] {dino} weaiting at .25

[12:02] {dino} wab, feeling short

[12:03] {Threei}  CNBC REPORTS THAT STRESS TESTS TO REQUIRE 3% TANGIBLE COMMON EQUITY UNDER WORST CASE SCENARIO - CITES SOURCES

[12:04] {dino} wab sm s .05

[12:05] {magoo} vads..give magoo read AAPL palease

[12:05] {Threei}  no problem

[12:05] {Threei}  it's A

[12:05] {Threei}  then A again

[12:06] {Threei}  you with me so far?

[12:07] {dino} wab bstop is .36

[12:07] {magoo} im in and wanted seriouse

[12:07] {Threei}  I don't know

[12:07] {Threei}  just manage the trade

[12:07] {Threei}  what price are you in at?

[12:08] {magoo} out here

[12:08] {magoo} TY

[12:09] {dino} stopped

[12:14] {Threei}  FRE

[12:14] {Threei}  NOTES THAT IT IS UNAWARE OF NO LINK BETWEEN ACCOUNTING PROBE AND THE DEATH OF ACTING CFO

[12:19] {dino} ilmn drops again

[12:22] {ese} limit buy triggered fitb

[12:22] {ese} .90

[12:24] {nemo} what's your stop ese

[12:25] {ese} .80

[12:25] {nemo} ty

[12:25] {ese} your welcome

[12:26] {ese} hmmmmmmmm

[12:30] {dino} +wab reload, sm s .40

[12:33] {ese} flirting with danger ....

[12:33] {nemo} "Flirtin' with Disaster"  Molly Hatchett

[12:33] {ese} indeed

[12:33] {nemo} oy...Alzheimer's 

[12:34] {dino} wab bstop is hod

[12:34] {Threei}  you guys are well read... me, I limit myself to titles "Flirtin". Period

[12:34] {nemo} Vicarious now Vad?

[12:35] {Threei}  don't know.. I also avoide words longer than two syllables

[12:35] {Threei}  and :vicarious" is not it

[12:35] {nemo} You woulda' made a great caveman

[12:35] {Threei}  in fact, it sounds very nefarious to me

[12:36] {Threei}  woulda'?

[12:36] {Threei}  I am one

[12:36] {ese} stopped....&^%&^%-.10  15000shs

[12:36] {nemo} neanderthalis Vadicanis

[12:36] {ese} went to the well to many times

[12:36] {nemo} Oh ese, how the fingernails?

[12:36] {magoo} news VAD

[12:36] {Threei}  I'd rather say, wrong time, and against the microtrend at the moment, ese

[12:37] {Threei}  just this mags

[12:37] {Threei}  GM

[12:37] {Threei}  WSJ: CFO: WILL NOT MAKE ITS $1B DEBT PAYMENT DUE JUNE 1ST

[12:37] {ese} yes definately....could have removed that limit buy......dumb on my part

[12:37] {ese} recognize it....move on

[12:37] {Threei}  I don't think it's a big deal for the market at the moment

[12:37] {nemo} still holding thought

[12:38] {nemo} though

[12:38] {magoo} ty

[12:38] {Threei}  this is why I stay inactive guys

[12:38] {ese} me...no nemo stopped

[12:38] {Threei}  and recomend you to do the same

[12:38] {Threei}  look at what happened ever since our morning plays

[12:38] {Threei}  long stall,

[12:39] {Threei}  very slow and narrow movement slighltly up,

[12:39] {Threei}  stall,

[12:39] {Threei}  slow drift down, narrow again

[12:39] {Threei}  what you have here is:

[12:39] {Threei}  no range wide enough to play it,

[12:39] {Threei}  not breakout,

[12:39] {Threei}  no breakdown,

[12:39] {Threei}  so name me a strategy that would work

[12:40] {dino} up,down, down, up

[12:40] {ese} market will probably head up this afternoon...maybe con recoop some then

[12:40] {Threei}  the skill to deploy in this situation is two-fold

[12:40] {Threei}  1. stay on a sideline and wait for something to shape up

[12:40] {Threei}  2. fend off attempts to engage you into activity by magoo and Co {G}

[12:41] {nemo} Apply your skills in the environment in which they apply

[12:41] {nemo} Don't try to apply them where they don't fit

[12:41] {Threei}  let me show you comment made way eearlier

[12:42] {Threei}  [11:07] {Threei} feels like FAS drop into .60 area at least is catalyst for renewed interest

[12:42] {Threei}  look at the charty

[12:42] {Threei}  .57 bottom for over 20 cents immediate bounce

[12:44] {dino} my old friend snda drop

[12:47] {dino} kirk

[12:47] {nemo} James Tiberius?

[12:48] {dino} lol, good one

[12:48] {nemo} new one coming out

[12:49] {dino} wab to .15

[12:49] {dino} stopped +.25 cover

[12:50] {dino} saw that nemo

[12:51] {nemo} looks interesting

[12:51] {dino} wife didn't like the mothers day idea of going to see it

[12:51] {nemo} yeah, that's like getting her a chain saw for HER birthday

[12:52] {dino} iclr drops

[12:52] {dino} lol

[12:53] {dino} i'm losing it, 2 days in row spilling on my shirt

[12:56] {dino} sm l iclr .50

[12:56] {dino} ilmn setting up

[12:57] {dino} ugh wab, stop too tight

[13:02] {dino} sm l ilmn .65

[13:02] {dptl} cat?

[13:02] {dptl} .50?

[13:02] {Threei}  ?

[13:03] {dptl} was thinking .50 break ...ah didn' hold .40 anyway

[13:04] {Threei}  FAS double bottom confirmation on .60 break was good setup... missed it

[13:04] {nemo} shoulda' come out of the coma earlier

[13:04] {dptl} ye was just about to ask about that :)

[13:05] {nemo} break again above .80?

[13:05] {dptl} set up i mean not coma lol

[13:05] {vinod} to much time playing with Miss

[13:05] {Threei}  CHRYSLER AND CAW REMAIN ENGAGED IN DISCUSSIONS OVER 'ACTIVE BENEFITS'; CHRYSLER SEEKING TO CUT COSTS OF BENEFITS BY ABOUT C$19 FROM CURRENT C$31+ PER HOUR

[13:06] {Threei}  that's some cut

[13:06] {Threei}  tough for union to swallow

[13:08] {dino} nflx

[13:08] {magoo} possible bottom MS here

[13:09] {magoo} in .11

[13:10] {ese} du du du du......dump di dum....twiddle thumbs......

[13:10] {nemo} rearrange sock drawer

[13:11] {nemo} make sure all logos face up

[13:11] {ese} funny

[13:11] {magoo} .98 stop

[13:14] {nemo} ese, watching FITB?

[13:14] {Threei}  let's see if we get new double bottom, .60 - .70

[13:14] {Threei}  want pullback now

[13:14] {Threei}  not buying break here

[13:14] {nemo} on what?

[13:14] {Threei}  pullback, bottomonjg out around.63-.65, then break

[13:15] {Threei}  FAS

[13:15] {Threei}  HIG

[13:15] {Threei}  HEARING ALLIANZE MAY BE PREPPING A BID NEAR $19/SHARE

[13:16] {magoo} MS held by hair off dinos chin

[13:18] {magoo} offering .27

[13:18] {ese} hi nemo ...yes

[13:19] {ese} was rearranging sock drawer

[13:20] {dino} hmmmm you must have alot of socks

[13:20] {ese} thinkin long here at .85

[13:20] {nemo} yeah

[13:20] {ese} a few

[13:20] {dino} lol

[13:21] {Threei}  FAS 1:1

[13:21] {nemo} when did it pull back

[13:21] {Threei}  ??

[13:21] {magoo} dam..saw .25 prints

[13:21] {Threei}  did you watch it?

[13:22] {dptl} it went to .65 only

[13:22] {magoo} OUT WOOHOOOOO

[13:22] {magoo} ty bboss

[13:22] {Threei}  two min dance between .65 and .70 after my comment

[13:22] {magoo} .27

[13:22] {magoo} +.25

[13:22] {Threei}  then break of .70

[13:22] {Threei}  just as prescribed

[13:23] {dptl} was thinking a bit lower .63-. 65

[13:23] {Threei}  for what, entry?

[13:23] {dptl} oh well

[13:23] {Threei}  I mean entry on confirmation

[13:23] {Threei}  .70 break

[13:23] {dptl} .70 break

[13:24] {ese}  l fitb .86

[13:24] {Threei}  if it bottomed at .65 instead of .63, all the better

[13:24] {Threei}  more strength

[13:25] {dptl} i see ....

[13:26] {dino} nflx .00 sm l

[13:32] {jfjf64} whats  the word my trading pals

[13:34] {Threei}  sorry jf... it looks like no one want to be your [pal :(

[13:34] {Threei}  welcome to my world

[13:34] {Threei}  they don't like me either

[13:34] {jfjf64} iv noticed that

[13:34] {ese} praise the lord and pass the amunition......praise the lord and pass the amunition

[13:34] {Threei}  lol

[13:35] {Threei}  kind word and gun are much more powerful than just kind word?

[13:35] {jfjf64} market  charging upward

[13:35] {Threei}  DATAQUICK: CALIFORNIA FORECLOSURES INCREASE BY 80% IN Q1 ON A SEQUENTIAL BASIS

[13:35] {ese} indeed

[13:36] {dino} jf the word is "forward"

[13:37] {nemo} yeah, forward...never straight

[13:38] {jfjf64} ty   forward it is

[13:38] {ese} can't remember if that was a world war 1 or world war 2 song....I think 1

[13:39] {dino} dk, just good way to be

[13:42] {ese} out fitb....and then some .01 +.16........revenge trade against all of vads rules.....the anger was just welled up too deep inside of me.

[13:43] {ese} lol

[13:43] {nemo} yeah, but the setup was good

[13:43] {ese} true

[13:43] {nemo} plus you ha FAS and the indices w/you...so it was still a disciplined trade

[13:43] {jfjf64} what wasentry

[13:44] {nemo} .85

[13:44] {ese} just wanted my description of the trade to sound spectacular

[13:44] {ese} following rules is .....is....is.....too ordinary

[13:45] {nemo} musicians...sheeesh

[13:47] {Threei}  FAS bounse zone

[13:47] {Threei}  or bounce

[13:48] {ese} no  bowwwwouuusssah  is good

[13:48] {dptl} in.94

[13:48] {dptl} stop .88

[13:49] {magoo} in .94

[13:50] {ese} gotta hunch that when fitb gets past 4.00....it could go for a ways

[13:50] {Threei}  four ways?

[13:51] {Threei}  I need serious education...

[13:51] {magoo} triple bottom aapl

[13:51] {ese} ummmmmm  ya ya ...thats it....four ways

[13:51] {ese} was watching that mags....are you thinkin long....i

[13:51] {dptl} half out

[13:51] {nemo} lotta' overhead between 4 and 4.10

[13:51] {magoo} i toiok half here

[13:51] {magoo} .28

[13:52] {ese} fitb nemo

[13:52] {ese} yes

[13:52] {nemo} yes

[13:53] {ese} should correct that statement....if it gets by 4.10 it could go four ways

[13:54] {magoo} out

[13:54] {nemo} fore ways?

[13:54] {nemo} fore weighs?

[13:55] {magoo} that sukked

[13:55] {ese} ok now were getting rid  a que less....

[13:55] {ese} that stock throws me for a loop everytime mags

[13:56] {magoo} it prob goes on rampage up somewhere

[13:56] {magoo} prob is from where

[13:56] {magoo} fas sukked topo{sorry vad}

[13:56] {dptl} stopped second half

[13:57] {magoo} no potential

[13:57] {nemo} that was a surprises...I thought if fas broke .90 it would go, but not that fast

[13:57] {magoo} see if he awake he he

[13:57] {Threei}  nope

[13:58] {Threei}  but it hit 1:1

[13:58] {Threei}  so leave me alone, will ya?

[13:58] {magoo} not at .94

[13:58] {nemo} what hit 1:1?

[13:58] {Threei}  yes it did

[13:58] {magoo} 8 all i saw

[13:58] {magoo} was waiting .05

[13:58] {Threei}  and how is that not 1:1?

06[13:58] * Threei sends magoo calculator

[13:58] {nemo} Yeah, he called bounce zone @ .90

[13:58] {magoo} 6 cents

[13:59] {Threei}  with 5 cents stop?

[13:59] {Threei}  [13:58] {Threei} and how is that not 1:1?

[13:59] {Threei}  [13:58] * Threei sends magoo calculator

[13:59] {nemo} [13:47] {&Threei}  FAS bounse zone

[13:59] {nemo} [13:47] {&Threei}  or bounce

[14:00] {nemo} ruling on the field against VAD...you didn't call a stop...penalty for incomplete trade parameters

[14:00] {Threei}  cool

[14:00] {Threei}  see you all next week

[14:00] {nemo} No, that's not the penalty

[14:00] {Threei}  penalty box, ya know

[14:01] {nemo} this ain't hockey

[14:01] {dino} ostk

[14:01] {nemo} wow Dino

[14:02] {Threei}  REPORTS Q1 -$0.09 V -$0.20 Y/Y, R$187.4M V $203M Y/Y

[14:02] {dino} -.09 vs-.20, rev light

[14:02] {magoo} bama on cnbc

[14:02] {magoo} sheesh

[14:02] {Threei}  he celebrates earth day mags

[14:02] {dptl} it was 1:1 thats why got out half at 8 :) 

[14:02] {nemo} FAZ long

[14:03] {nemo} oh...nevermind

[14:03] {dino} yobama on

[14:03] {Threei}  shirtless?

[14:03] {dino} vocs hod

[14:04] {jfjf64} he is all jerked up

[14:04] {jfjf64} jacked up  sorry

[14:04] {dino} they act as if the earth has feelings

[14:04] {nemo} Freudian slip jf

[14:04] {Threei}  you be careful dino

[14:05] {Threei}  we may decide you are not earth-friendly

[14:05] {dptl} lol

[14:05] {Threei}  anf there is just one sin greater than thaT

[14:05] {dino} my daughter already tells me that

[14:05] {Threei}  namely, being successful businessman

[14:06] {Threei}  if you are both, you must be taken outside and shot twice

[14:06] {Threei}  which remninds me... a few days ago, in a grocery store,

[14:07] {Threei}  cashier, yuung girl, one of "brainwashed generation"

[14:07] {Threei}  asks whether I want plastic bag or paper

[14:07] {Threei}  I say plastic

[14:07] {Threei}  she glances at me quckly,

[14:08] {Threei}  frowned

[14:08] {Threei}  I add:

[14:08] {Threei}  I feel particularly unfruendly toward environment today

[14:08] {dino} lol

[14:09] {dptl} lol

[14:09] {Threei}  sheesh, I thought she was about to refuse to serve me

[14:09] {Threei}  you should see this shicked and almost hateful look at her face

[14:09] {dino} i get a kick out of vegatarians that bust me while they wear leather shoes and belts

[14:09] {nemo} shicked?

[14:09] {Threei}  shocked

[14:10] {Threei}  you proud itself in understanding Threeiish?

[14:10] {nemo} I just tell them something dies so you can eat, you're just prejudiced against living things that don't have eyes

[14:10] {nemo} vegetarians that is

[14:12] {Threei}  wow

[14:12] {Threei}  QWOW

[14:12] {Threei}  do you listen to prez?

[14:12] {Threei}  "suddenly market for american vehicles collapses, because we build SYVs"

[14:13] {magoo} ok that was AAPL botom

[14:13] {nemo} Nobody's buying Priuses either

[14:13] {Threei}  if that's not the most blatant distrortion of reality I heard from president

[14:13] {Threei}  no wait

[14:13] {Threei}  I did not have sex with that woman is still taking the prise

[14:14] {jfjf64} 100 percent

[14:16] {Threei}  what just happened

[14:16] {nemo} I also like "depends on what your definition of "is" is"

[14:21] {magoo} ese, see aapl rip?

[14:22] {dino} vocs stop to .99

[14:30] {ese} hey mags...sorry was getting ready to go teach....

[14:31] {ese} oh blody hell...

[14:31] {dino} he's not talking to ya es

[14:31] {dino} :)

[14:31] {magoo} see goty to like vad says"try it couple times"i hit 123 exit 123.80

[14:32] {magoo} now in 124

[14:32] {ese} nice

[14:32] {Threei}  okay... looks like next leg starts

[14:32] {Threei}  let's hunt for pullback

[14:32] {Threei}  FAS 8.05 area

[14:32] {ese} outta here till tomorow everyone....catch you on the flip side...good luck rest of the day

[14:32] {Threei}  take care ese

[14:33] {magoo} take care bud

[14:33] {ese} see ya vad

[14:33] {ese} see ya mags

[14:33] {nemo} cd's don't have flip sides :)

[14:35] {dino} cya es

[14:39] {dino} iclr to .74

[14:40] {dino} out vocs .99, +.19 longggggg timeeeeeeeeee

[14:42] {dino} nflx earns tonight

[14:44] {dino} stopped iclr .74, +.24

[14:45] {Threei}  anyone took FAS?

[14:45] {jfjf64} in

[14:45] {Threei}  stop under 8, went over 1:1 for half out

[14:46] {jfjf64} out +4

[14:48] {dptl} still worth it?

[14:49] {Threei}  I believe so but can take a few tyries

[14:50] {Threei}  US 10-YEAR YIELD LOOKS TO FINISH PIT SESSION AT HIGHEST LEVEL SINCE BEFORE FED'S QUATITATIVE EASING ANNOUNCEMENT

[14:50] {nemo} yeah, tbt up all day

[14:58] {Threei}  (US) TEXAS LEGISLATURE EXPECTED TO APPROVE SOLAR POWER SUBSIDY; EXPECTED TO BE LARGEST IN NATION - WSJ

[14:58] {Threei}  {FSLR SPIR SPWRA}

[14:59] {Threei}  US HOUSE FINANCIAL SERVICES COMMITEE APPROVES LEGISLATION TO REFORM CREDIT CARD PRACTICES

[14:59] {Threei}  {AXP COF DFS}

[14:59] {Threei}  OPTT lost its mind?

[15:02] {dino} yes

[15:07] {dino} ener

[15:07] {Threei}  yeah

[15:08] {jfjf64} wow

[15:13] {Threei}  US TREASURY CLARIFIES PAY LIMITS UN PPIP

[15:13] {Threei}  DRYS

[15:13] {Threei}  SAID TO HAVE WON A MATERIAL CONTRACT FROM PETROBAS

[15:16] {dino} buy side imbalances

[15:17] {Threei}  I'll have to leave in 15 min guys, finishing a tad earlier today

[15:17] {Threei}  wife's birthday, promised to take her to lunch

[15:17] {dino} wish her a happy (and be nice)

[15:17] {Threei}  I promise former

[15:18] {Threei}  but I don't do nice

[15:19] {magoo} have good one vad

[15:19] {Threei}  ty

[15:19] {Threei}  I wonder if TAN's worth overnight

[15:20] {Threei}  most likely not but let's keep it on radar