Friday, April 24, 2009

Apr 24 2009

That was a very volatile day, what with "stress test" news et all. Made out OK by staying away during hectic jumps up and down and making our main trades in more readble times. WFC, JNPR, QLD etc worked fine for us on a long side.

Session Time: Fri Apr 24 00:00:00 2009

[08:13] {ese} gotta like them little snipits of advice when you log in "Rally it is - against all predictions"....good morning
[08:13] {nemo} Ese :)
[08:14] {ese} morning nemo
[08:15] {ese} going to get my coffee....and my hypodermic needle....just inject it right in
[08:15] {nemo} cook it down, get the straight caffeine
[08:17] {Threei}  good morning
[08:17] {Threei}  told ya... rally
[08:18] {Threei}  and was so sure of it that took WFC and BAC overnight
[08:19] {Threei}  nice to start the day with +.52 and +.32
[08:19] {Threei}  but I won't even ask "can I go home" qwith nemo around... I know the answer
[08:21] {i2romantis} morning all
[08:22] {Threei}  i2r :)
[08:22] {i2romantis} vad :)
[08:22] {Threei}  man, how could you miss that Bahamas event
[08:22] {ese} whoaa thats confidence vad
[08:22] {Threei}  total blast
[08:23] {i2romantis} you tell me :)
[08:23] {i2romantis} i'm sure it was
[08:23] {Threei}  next year is in preparation... Greeport
[08:23] {i2romantis} diff location every year?
[08:24] {Threei}  ese... sometimes conviction trumps discipline :)
[08:24] {ese} wheres greeport
[08:24] {Threei}  sorry, Freeport
[08:24] {Threei}  {-- fat fingers
[08:24] {i2romantis} ok
[08:24] {Threei}  Bahamas too... different island
[08:25] {Threei}  could change of course, a lot of time still
[08:27] {Threei}  lol... spam e-mail says:
[08:28] {Threei}  Don't miss your chance to look fabulous today! signed: Deborah
[08:28] {Threei}  dear Deborah... you are 25 years late
[08:29] {i2romantis} lol
[08:30] {Threei}  MAR DURABLE GOODS ORDERS: -0.8% V -1.5%E; DURABLES EX-TRANSORTATION: -0.6% V -1.2%E
[08:31] {ese} things are lookin up a little
[08:44] {cosmo} JNPR, for instance
[08:44] {ese} yup 1.34 so far this morning
[08:45] {cosmo} 20.80 spike high so far
[08:46] {ese} tha should break out o new highs today cos
[08:47] {cosmo} 'should'
[08:49] {cosmo} RVBD
[08:49] {cosmo} ... same industry
[08:50] {cosmo} 16.50 pre mkt high
[08:51] {nemo}  It's a little scary everything is looking so "up" this morning
[08:54] {ese} Ford being upgrade at BOA....my goodness ..will miracles never cease
[08:56] {Threei}  F... mama
[08:57] {cosmo} i can't stand that letter
[08:58] {ese} cos what does RVBD do?
[08:58] {cosmo} WAN
[08:58] {cosmo} like JNPR
[08:58] {cosmo} i think
[08:58] {ese} hmmm
[08:59] {pita} greetings
[08:59] {Threei}  pita :)
[08:59] {nemo} Is this a "Pick a stock and go long" day?
[08:59] {dptl} good morning all
[08:59] {Threei}  dp :)
[08:59] {ese} dp, pita
[08:59] {Threei}  nemo... yes, with one correction:
[09:00] {Threei}  in today's temrs, what we used to call "a day" became "an hour"
[09:00] {ese} vad have you seen the dry bulk index lately...up?dn?
[09:00] {nemo} premature stockulation
[09:01] {Threei}  for some reason they don't put it in headlines lately, ese
[09:02] {ese} hmmmm wonder why
[09:03] {Threei}  someone forgot I'd guess
[09:03] {ese} was on a dn slide there for a while 20 or 30 sessions dn....should be turning at some point and so DRYS and the like should follow
[09:03] {Threei}  never exp[lain by conspiracy what can be explained by stupidity
[09:04] {cosmo} ah ... the conspiracy of stupidity...
[09:04] {Threei}  or... you guessed it
[09:04] {Threei}  stupidity of consipracy
[09:05] {cosmo} that still needs to be demonstrated
[09:05] {ese} gotta stop loging on so early boys....your loosin it
[09:06] {Threei}  I have distinctive advantage here ese
[09:06] {Threei}  not much to lose
[09:06] {ese} spectacular advantage
[09:06] {Threei}  so just never log out
[09:06] {cosmo} it helps focus
[09:10] {fernp} Hello everybody
[09:12] {Threei}  gern :)
[09:12] {Threei}  fern, sorry
[09:12] {Threei}  second time I hit G instead of F today
[09:13] {Threei}  so if I alert a trade on G, you know I mean Ford
[09:13] {fernp} lol
[09:13] {pita} yeah, right...lol
[09:14] {larisa} gm :)
[09:18] {Threei}  larisa :)
[09:18] {dino} gm all
[09:19] {nemo} Dino
[09:19] {Threei}  dino :)
[09:19] {nemo} no mags..mmmmmhhhhh????
[09:19] {dino} he's here
[09:20] {nemo} how's his ankle?
[09:20] {dino} crutches
[09:20] {Threei}  F
[09:20] {Threei}  CFO: EXPECT A $3.4B GAIN IN Q2 ON ITS DEBT RESTRUCTURING - CONF CALL COMMENTS
[09:21] {nemo} What's nue doing this morning, it got whacked hard yesterday?
[09:22] {elepet} good morning
[09:22] {Threei}  elepet :)
[09:22] {elepet} palm moving up again?
[09:23] {Threei}  not much so far
[09:23] {Threei}  yesterday's selling while market was strong is not looking encouraging for it
[09:24] {magoo} tctrjrrfjcrj
[09:24] {Threei}  lkgsnsoit
[09:25] {ese} don't you guys mean  ouiiulkjhghl  ?
[09:25] {Threei}  I didn't... can't say for magoo
[09:28] {pita} good day yesterday for JNPR
[09:28] {ese} could be equally as good today
[09:29] {pita} si
[09:30] {Threei}  BAC, if dives into .80 - .85 will be a long entry
[09:33] {Threei}  changes to breakout trade here
[09:33] {Threei} Long Setup:  BAC  9.16
[09:33] {Threei}  if stays above 9.05
[09:34] {Threei}  WFC
[09:34] {Threei}  half lot long .65 break
[09:34] {Threei}  if stays above .50
[09:34] {magoo} futes crushed
[09:35] {magoo} axp
[09:35] {dptl} in wfc
[09:35] {magoo} amzn vad
[09:36] {Threei}  BAC, becomes a bounce play again
[09:36] {Threei}  9 break if holding .95
[09:37] {magoo} in 
[09:37] {Threei}  WFC 1:1
[09:37] {chinggis} in BAC
[09:38] {Threei}  1:2, WFC
[09:38] {Threei}  out +.29
[09:39] {magoo} out .91 WFC TY vad
[09:39] {Threei}  hurry up BAC
[09:40] {magoo} AXP strong
[09:40] {Threei}  hard to tell whether BAC stop should be kept under .95 or under .90
[09:41] {Threei}  our BAC -.06
[09:41] {Threei}  whatever
[09:41] {Threei}  if it's a shakeout, so be it
[09:41] {dptl} wfc +.15 and stopped bac
[09:41] {nemo} stopped bac
[09:41] {nemo} net net on the two
[09:42] {Threei}  F
[09:42] {Threei}  CEO: ON TRACK TO MEET OR EXCEED TARGET OF BREAKING EVEN BY 2011 - CONF CALL
[09:48] {magoo} BLUD WOW VAD
[09:48] {Threei}  04/24/09 09:29am
[09:48] {Threei}  [BLUD] Immucor, Inc. Receives subpoena from US Department of Justice
[09:48] {Threei}  - DOJ requesting documents for the period beginning September 1, 2000 through the present, pertaining to an investigation of possible violations of the federal criminal antitrust laws in the blood reagents industry.
[09:48] {Threei}  - Immucor intends to fully cooperate with the investigation
[09:49] {Threei}  bac
[09:49] {Threei}  sorry
[09:49] {jfjf64} mornin all
[09:50] {Threei}  jf :)
[09:50] {Threei}  F
[09:50] {dino} sm risky l blud .25 wide
[09:50] {wulff} you still in WFC?
[09:50] {Threei}  wroth a try near .20
[09:50] {Threei}  [09:38] {Threei} 1:2, WFC
[09:50] {Threei}  [09:38] {Threei} out +.29
[09:50] {dino} way early
[09:51] {Threei}  stop under .15 who took it
[09:51] {jfjf64} .20 ford long
[09:51] {dino} ok
[09:53] {Threei}  sell half jf
[09:54] {Threei}  and trail stop to under .20
[09:54] {jfjf64} ty
[09:54] {Threei}  unless you just went for a scalp, then you have over 1:1 and need no comments by me
[09:55] {jfjf64} scalpie  ty
[09:55] {Threei}  watching JNPR
06[09:56] * nemo slaps jfjf64 around a bit with a large copy of "How to Scalp Any Market and Profit consistently"
[09:56] {pita} bounce area finnies?
[09:56] {jfjf64} lol
[09:56] {nemo} NDX looks iffy
[09:56] {Threei}  gotta look at particular names pita
[09:56] {Threei}  there are disconnects in this sector lately
[09:57] {jfjf64} jnpr??
[09:58] {Threei}  JNPR, .50 break half lot
[09:58] {Threei}  if holding above .35
[10:00] {Threei}  MAR US NEW HOME SALES: 356K V 337KE (% M/M)
[10:00] {jfjf64} still valid jnpr?
[10:01] {Threei}  not unless goes through new consolidation, at least 2-3 minutes
[10:01] {jfjf64} ty
[10:01] {Threei}  - Median sales price: 201,400$ v $200,900 m/m
[10:02] {Threei}  New Home months of supply: 10.7 months v 11.2 months m/m
[10:02] {Threei}  - Prior New Home Sales revised from 337K to 358K
[10:02] {Threei}  so I guess housing is fixed
[10:02] {nemo} fas just jumped that news seems to have moved it
[10:02] {Threei}  and we were told that was major problem
[10:05] {nemo} nue bounced nicely after yesterday's smackdown
[10:09] {magoo} AMZN
[10:09] {magoo} shit
[10:10] {nemo} guess the recession is over
[10:13] {Threei}  SEC TO HOLD ROUNDTABLE ON MAY 5TH TO DISCUSS CIRCUIT BREAKERS AND SHORT SALES
[10:13] {Threei}  SEC seems to be stuck in 2007
[10:13] {Threei}  it all is so irrelevant
[10:13] {nemo} not politically, unfortunately
[10:15] {Threei}  F CEO: DOES NOT EXPECT TO BE HURT BY GM OR CHRYSLER BANKRUPTCIES - CONF CALL Q&A
[10:15] {Threei} Long Setup:  WFC  .50 break
[10:16] {Threei}  stop is obvious, right?
[10:16] {magoo} in
[10:18] {jfjf64} were is stop
[10:18] {Threei}  under .40
[10:18] {nemo} stoppedd
[10:18] {dptl} stopped 
[10:18] {fernp} stopped
[10:20] {jfjf64} yikes
[10:20] {Threei}  US AND CHINA TO SIGN CONTRACTS WORTH BILLIONS OF DOLLARS FOR US GOODS TODAY
[10:20] {nemo} keep your stops...
[10:20] {nemo} wfc closing opening gap
[10:25] {dino} isrg
[10:25] {Threei} Long Setup:  JNPR  .62
[10:25] {Threei}  argh
[10:25] {Threei}  too fast
[10:25] {Threei}  let it pull back
[10:26] {Threei}  first strength from here
[10:26] {Threei}  in .48
[10:26] {Threei}  stop under .40
[10:26] {dptl} in .50
[10:26] {magoo} in .53
[10:26] {nemo} missed
[10:28] {Threei}  half out
[10:28] {Threei}  .63
[10:28] {Threei}  scalpers be happy
[10:29] {Threei}  stop to .45
[10:29] {fernp} ty Vad
[10:29] {Threei}  :)
[10:30] {Threei}  they publish something about stress tests today... guidelines or something of that kind
[10:32] {Threei}  1/4 more out
[10:32] {Threei}  .70
[10:32] {Threei}  stop to .49
[10:33] {chinggis} out .68 ty
[10:33] {Threei}  run little Juniper run
[10:33] {Threei}  welcome chinggis
[10:33] {magoo} out .77 TY boss
[10:33] {Threei}  offering last part .82
[10:33] {Threei}  {JNPR} you greedy bastard
[10:34] {nemo} boot vad
[10:34] {Threei}  {JNPR} I five and I give and I give... and it's never enough for ya
[10:34] {dptl} out jnpr .73 ty
[10:34] {Threei}  welcome guys
[10:38] {vint} hi Vad-what is on watch for this morning? usual suspects?
[10:39] {vint} sorry, joined late
[10:39] {Threei}  mostly yes, vint
[10:39] {vint} thanks
[10:40] {Threei}  come on JNPR
[10:40] {Threei}  relieve me of last 1/4
[10:43] {Threei}  ah come on... 1 cent shy?
[10:43] {nemo} greedy...
[10:45] {Threei}  market lost will to live
[10:46] {vint} Friday syndrome?
[10:46] {Threei}  yeah
[10:46] {Threei}  plus tose stress test details published at 2
[10:46] {Threei}  plus nearing resistance from a few days ago
[10:47] {Threei}  so gotta decide what to do, break out and run or wilt and die
[10:47] {vint} looks like last hr could be interesting
[10:47] {vint} i mean after lunch
[10:47] {Threei}  wide consensus in investing community is pullback is coming
[10:47] {magoo} so..no pullback
[10:47] {Threei}  you know how I feel about wide consensuses
[10:48] {magoo} :)
[10:48] {magoo} stole your punchline
[10:48] {Threei}  if you want surefire way to be mistaken, side with "widely acknowledged"...
[10:49] {Threei}  (that's why I don't believe in gravity btw)
[10:49] {vint} :)
[10:49] {wulff} ealier you said .50 break on JNPR that did not work.
[10:49] {Threei}  it never set up
[10:49] {wulff} it hit .50 but did not break it, so 
[10:50] {Threei}  it got invalidated by dropping under support
[10:50] {wulff} so I would have bought it at  say .52
[10:50] {Threei}  no... that's not how it works
[10:51] {wulff} it traded at .50 so I bought it, then took a stop
[10:51] {Threei}  gimme a sec, I'll get to it
[10:51] {wulff} Ty
[10:51] {Threei}  ok, out last portion .76
[10:51] {Threei}  {JNPR} there... happy now? leave me alone now, you want just one thing from me
[10:52] {Threei}  original setup was .50 break if holding above .35
[10:52] {Threei}  .50 never got broken, JNPR went under .35,
[10:52] {Threei}  setup got invalidated.
[10:52] {Threei}  Next event was:
[10:52] {Threei}  it jumped up and broke .50
[10:52] {jfjf64} next  
[10:52] {Threei}  no entry in such cases,
[10:53] {Threei}  because:
[10:53] {jfjf64} correct
[10:53] {Threei}  1. support got broken, you have way too wide range to buy a break
[10:53] {Threei}  2. it went into resistance b=vertically
[10:53] {Threei}  and vertical move leads to exhaustion
[10:53] {Threei}  we buy breaks after consolidations, not after a sharp spike into resistance
[10:54] {wulff} but what would I have bought it at the first time
[10:54] {wulff} if it broke
[10:54] {Threei}  it never set up first time
[10:54] {wulff} if...
[10:54] {Threei}  if it broke, you'de have bought it just above .50
[10:54] {wulff} OK
[10:54] {Threei}  with stop under .35
[10:55] {wulff} tricky when it trades to resistance number and falls
[10:55] {nemo} c'mon Juniper give yourself over to the Vader
[10:55] {Threei}  nemo... wake up
[10:55] {Threei}  we already settled our differencies
[10:55] {nemo} oh, shut off the speakers
[10:55] {Threei}  [10:51] {Threei} ok, out last portion .76
[10:55] {Threei}  [10:51] {Threei} {JNPR} there... happy now? leave me alone now, you want just one thing from me
[10:55] {jfjf64} i never got in trade   what  bout  me
[10:55] {jfjf64} lol
[10:56] {dptl} wfc?
[10:56] {nemo} what about you jf?  You think this is about you?  Want to be the center of attention?  :) Too much caffeine...sorry
[10:56] {nemo} yea WFC had that higher low...bummer
[10:56] {dptl} .50?
[10:57] {Threei}  WFC was nice setup earlier... missed while talking back and forth with JNPR
[10:57] {magoo} arca ooffline
[10:57] {magoo} quote issues
[10:57] {Threei}  not sure here
[10:57] {nemo} oh shit and I don't have INET or Island
[10:57] {jfjf64} ahhhhh
[10:57] {dptl} earlier you mean .15-.30 range?
[10:58] {Threei}  yeah
[10:58] {dptl} ye i see it
[10:59] {dptl} gt?
[10:59] {nemo} nice support @ .20 after that brake through the Bollingers
[10:59] {dptl} gt?
[11:00] {Threei}  don't know
[11:00] {Threei}  kind of marginal play
[11:01] {dptl} ok
[11:04] {laserdave} all laser traders
[11:04] {laserdave} please use inet to place orders for now
[11:04] {laserdave} there are arca issues
[11:07] {dptl} pull back to .45-.50 wfc ...may be?
[11:07] {vint} CAT-  buy on this pull back?
[11:07] {Threei}  I'd really prefer .40
[11:07] {nemo} great, I guess no trading for me
[11:08] {Threei}  CAT... this thing is famous for hars pullbacks
[11:08] {Threei}  I'd feel safer with entry around 33
[11:08] {vint} got it thx
[11:11] {Threei}  G7 OFFICIAL: SEES NO REASON TO CHANGE COMMUNIQUE ON CURRENCIES; WILL SEND A MESSAGE REGARDING NEGATIVE ECONOMIC SITUATION; NOTING NOT ALL NEWS IS BAD
[11:11] {Threei}  - Remarks that there are no discussions on new topics at the moment
[11:18] {Threei}  CONNECTICUT TREASURER REITERATES CALL FOR CEO LEWIS' RESIGNATION
[11:18] {Threei}  NASDAQ is on the verge of break on daily
[11:18] {wulff} does seeing JNPR bother you now?
[11:19] {Threei}  QLD
[11:19] {Threei}  half lot long on pullback
[11:19] {Threei}  .72 , stop under .60
[11:19] {Threei}  no wulff
[11:19] {Threei}  I did OK on it
[11:19] {Threei}  I don't expect myself to buy exact bottom and sell exact top
[11:21] {Threei}  changing plan to aggressive entry QLD
[11:21] {Threei}  .66
[11:21] {Threei}  if holding above .60
[11:21] {Threei}  in
[11:22] {dptl} jeez got .68
[11:22] {wulff} .64
[11:22] {vint} in .65
[11:23] {dptl} lol worst one
[11:24] {Threei}  really... you should be ashamed of yourself
[11:24] {dptl} yeah blushing
[11:24] {Threei}  and wulff... don't sell to dp at .68 what you bought at .64 {G}
[11:24] {wulff} try not too
[11:26] {magoo} in btw
[11:26] {ese} ugh....vad how could you destroy your myth.....man I always thought that your bought the exact botom and sold the exact top.......ugggghhhhhh.......i'm destroyed
[11:27] {Threei}  sorry ese
[11:27] {Threei}  in fact I do
[11:27] {magoo} are we in aggress to catch breakout .80 +?
[11:27] {Threei}  I just don't tell anyone for tax purposes
[11:27] {Threei}  half out
[11:27] {ese} my life and trading is over.....what shall i ever do??
[11:27] {Threei}  .77
[11:27] {Threei}  scalpers are slapers
[11:27] {Threei}  scalpers
[11:27] {Threei}  sigh... I can't even type that twice in a row
[11:28] {ese} your an engineer.... a math guy....you type the numbers better
[11:28] {Threei}  not really... for that I'd have to know how to count
[11:29] {dptl} out .78 ty
[11:29] {Threei}  and I am good within fingers on one hand
[11:29] {magoo} OUT .85 boss
[11:29] {ese} uggghhhh once again.......my opinion of you as exalted trader is destroyed....ugghhhh
[11:29] {magoo} TY 
[11:29] {Threei}  out in full .85
[11:30] {nemo} Hey ese...get a grip!
[11:30] {vint} out .85
[11:30] {wulff} out .89
06[11:30] * magoo slaps wulff around a bit with a large trout
[11:30] {Threei}  cool beans
[11:30] {dptl} lol......ok even on exit still worst one
[11:30] {ese} i'm finished nemo....finished....
[11:30] {Threei}  you know what QLD is btw, right?
[11:31] {pita} good hunting - cu later
[11:31] {magoo} no clue
[11:31] {Threei}  lol mags
[11:31] {Threei}  take care pita
[11:31] {magoo} pita:)
[11:31] {Threei}  it's 2x NASDAQ 1000
[11:31] {dptl} i was afraid of this ??
[11:31] {Threei}  100
06[11:31] * nemo slaps ese around a bit with a large prescription of lithium
[11:31] {Threei}  see, told you I can't count
[11:31] {nemo} FAS
[11:31] {Threei}  so, the idea of the trade, briefly:
[11:31] {ese} ahhhhhh tks....i needed that
[11:31] {Threei}  I wanted to play NADAQ breakout,
[11:32] {Threei}  I didn't see particular stock to follow
[11:32] {Threei}  and didn't want to tie myself to whims of particular stock,
[11:32] {Threei}  and QQQQ is a bit too thick and immobile
[11:32] {nemo} bout time for WFC to take the elevator down
[11:32] {Threei}  so QLD is better fit
[11:32] {Threei}  now,
[11:32] {Threei}  look at it's intraday chart
[11:32] {Threei}  asit makes new highs,
[11:33] {Threei}  would you call ijt breakout stock or pullback stock?
[11:33] {nemo} break out on the JBE
[11:33] {Threei}  most of its movements were very effective off pullbacks
[11:33] {Threei}  breaks were so so
[11:33] {Threei}  so... as it touched .80, I waited for pullback
[11:34] {Threei}  .60 was the low of the range
[11:34] {Threei}  entry in .64-.68 range was as perfect preparation for breakout as it gets
[11:34] {Threei}  there... a little theory
[11:34] {Threei}  be back in 20
[11:35] {vint} was it a brakout from yesterday high?
[11:35] {vint} i mean QLD 
[11:35] {Threei}  yes vint
[11:35] {Threei}  WHITE HOUSE CHIEF OF STAFF EMANUEL: OBSERVING SIGNS OF STABILIZATION IN THE US ECONOMY; CONFIRMS BANKS TO BE NOTIFIED OF RESULTS TODAY
[11:35] {vint} thx
[11:35] {Threei}  [11:18] {Threei} NASDAQ is on the verge of break on daily
[11:35] {Threei}  and next line was QLD call
[11:36] {vint} got it..short memory span nowadays
[11:37] {nemo} Folks on LASER when you download the latest version Inet/Island has been changed to Nasdaq in the drop down routing menu
[11:38] {magoo} the whole room should short amzn..i gonna take it long soon
[11:38] {magoo} I CANT TAKE IT
[11:38] {magoo} that will halt it
[11:40] {magoo} wfc trying 21 vad..has not been over 21 in awhile
[11:40] {magoo} important level
[11:42] {magoo} in out .12
[11:43] {wulff} you know the hardest stops too keep are the ones that come in the first minute of purchase
[11:43] {magoo} 21-21.12
[11:43] {magoo} hey..thats a rush album
[11:43] {wulff} being that I ma sometimes of weak disposition
[11:43] {nemo} I was just going to say that
[11:43] {wulff} am
[11:43] {wulff} but acceptance is acceptance i guess
[11:43] {nemo} Yeah, Syrinx
[11:46] {nemo} wfc probably goes to .45 anyway
[11:47] {wulff} Pat my own back...but I bought a half lot of WFC at 20.10 on the pullback
[11:48] {nemo} you should cash out and go home for the day
[11:48] {magoo} careful
[11:48] {magoo} id offer .31
[11:48] {wulff} am home
[11:48] {wulff} problem is I want 30
[11:48] {nemo} figure of speech...go back to your den
[11:49] {vint} CAT for short? looking at daily..
[11:50] {wulff} chart looks like WFC
[11:59] {vinod} good afternoon to all
[11:59] {vinod} are we going to hit 9000 today?
[12:00] {dino} sure
[12:01] {vinod} look like you gus made a lot today as usuall
[12:02] {larisa} vinod, flattery will get you everywhere :)
[12:03] {vinod} someday i will be a real day trader?
[12:03] {nemo} anybody trouted vinod yet?
[12:04] {vinod} nemo please us for lunch at legal seafood my treat today
[12:05] {nemo} excuse me?
[12:05] {larisa} lol
[12:05] {nemo} I'm in Maine...which one anyway...Kendall Square?
[12:05] {nemo} or the one in the Pru?
[12:06] {vinod} in pru
06[12:06] * magoo slaps vinod around a bit with a large trout
[12:06] {nemo} hehehehehe
[12:07] {Threei}  back
[12:07] {magoo} u were out?
06[12:08] * Threei slaps magoo around a bit with a large quote: "[11:34] {Threei} be back in 20"
[12:10] {Threei}  remember we once started list of people in whome Obama has 100% considence?
[12:10] {Threei}  WHITE HOUSE CHIEF OF STAFF EMANUEL: OBAMA HAS '100% CONFIDENCE' IN FED CHAIRMAN BERNANKE
[12:10] {Threei}  - note: this is the first explicit statement of support for Bernanke from the Obama Administration
[12:11] {Threei}  US HOUSE REPRESENTATIVES REPORTEDLY SEEKING DOCUMENTS SURROUNDING BOA/MERRILL MERGER
[12:12] {Threei}  (US) HOUSE AND SENATE HAVE REPORTEDLY REACHED A TENTATIVE DEAL ON HEALTHCARE LEGISLATION
[12:12] {dino} it's a giant "he said, she said" political fiasco on everything
[12:12] {Threei}  NO KIDDING
[12:12] {Threei}  oops
[12:13] {Threei}  and... as much as I can appreciate the sheer scale of pressure Lewis must have felt himself under if Paulson and Co did what he says they did,
[12:13] {Threei}  if he caved in, he is as guilty as they are
[12:14] {nemo} yeah, not like he didn't have enough money for 10 retirements
[12:15] {dino} feels like high school all over
[12:16] {Threei}  yeah, and he had responsibility to much more than to paulson
[12:17] {Threei}  CHRYSLER MAY REACH AGREMENT WITH THE CAW SHORTLY - FOX BUSINESS
[12:17] {Threei}  wow... CAW ill give up $19/h?
[12:17] {Threei}  I find it hard to believe
[12:17] {nemo} you can buy a house in detroit for $10k
[12:18] {dptl} jnpr short?
[12:19] {Threei}  let's wait for bounce
[12:19] {Threei}  see where it tops
[12:19] {dptl} ok
[12:20] {Threei}  dropped a bit too sharp into 22
[12:20] {Threei}  can snapback easily'
[12:20] {Threei}  10K, sriously?
[12:20] {Threei}  not that I enetrtain moving
[12:20] {nemo} maybe less
[12:23] {Threei}  I don't think it would have view anywhere near mine though, woluld it?
[12:23] {Threei}  http://realitytrader.com/vad/h.jpg
[12:23] {nemo} No..you'd likely want to bullet proof the walls and put steel shudders on the windows
[12:24] {larisa} lol
[12:25] {wulff} ahhh home sweet home
[12:25] {nemo} Yep...it might be a cave, but it's MY CAVE
[12:29] {dptl} ,90 with 22 stop?
[12:30] {nemo} what dp?
[12:30] {nemo} BAC very strong
[12:30] {dptl} jnpr
[12:30] {nemo} ty
[12:30] {Threei}  not sure
[12:31] {Threei}  CHRYSLER TELLS DEALERS THERE IS NO PENDING BANKRUPTCY - WSJ
[12:31] {Threei}  - Note that on 4/23 the New York Times reported that the US Treasury is said to be preparing a bankruptcy filing for Chrysle
[12:31] {Threei}  GM
[12:31] {Threei}  REPORTEDLY TREASURY PROVIDES CO. WITH $2B IN WORKING CAPITAL
[12:32] {nemo} you thinking short dp?
[12:32] {Threei}  TREASURY ANNOUNCES AN ADDED $569M IN TARP REPAYMENTS FROM FOUR MORE FIRMS
[12:32] {vint} FAS apparantly doing well , given the upcoming stress test results..
[12:33] {Threei}  market went slow, boring and narrow
[12:33] {dptl} was thinking nemo yes
[12:33] {Threei}  much like magoo, only magoo is fat too
[12:33] {wulff} ouch
[12:34] {Threei}  I am not a fan of shorting such market
[12:34] {Threei}  capable of nasty surprizes
[12:34] {nemo} your proposed short or Vad's comment about Magoo's corpulence?
[12:36] {nemo} BAC broke out a bit
[12:36] {nemo} w/fas
[12:37] {vint} FAS was at day's high a moment ago
[12:38] {nemo} no volume again
[12:43] {Threei}  what does it tell us?
[12:43] {nemo} what does what tell us?
[12:43] {dptl} stay in coma
[12:44] {Threei}  sigh... never mind
[12:44] {nemo} FAS at new high or nominal volume?
[12:44] {vint} interestingly,FAS and FAZ almost in same price level
[12:44] {Threei}  yeah, they will eclipse soon again I'd assume
[12:46] {nemo} lack of volume...no commitment beyond money that's been playing all along?
[12:47] {vinod} most of the company lost money but Beats Forecast
[12:47] {Threei}  if it was locked in the same money turning over, we would have price locked in the range
[12:48] {Threei}  I think most of commentators citing lack of volume as a premise for this rally to fizzle out don't get it
[12:48] {Threei}  the only thing it tells us really is:
[12:48] {Threei}  the part of the rally we have seen so far is mostly smart money
[12:49] {Threei}  crowd hasn't joined yet
[12:49] {Threei}  when it does - that's when we are going to see major volume
[12:49] {Threei}  and that is going to take us into exhaustion climatic movement
[12:49] {Threei}  climactic
[12:50] {nemo} going green are you Vad?
[12:50] {wulff} fine by me. I can wait
[12:50] {Threei}  no, just can't type - but that's not news really
[12:51] {dino} capital being evacuated
[12:51] {dino} air space violation
[12:51] {nemo} thought it was your sub-conscious peeking through
[12:51] {Threei}  (US) WHITE HOUSE AND US CAPITOL EVACUATED DUE TO AIR SPACE VIOLATION - FOX BUSINESS NEWS
[12:51] {Threei}  - Pilot of aircraft not responding to attempts to contact him.
[12:51] {wulff} I listen to money show
[12:51] {nemo} cool
[12:51] {wulff} and I can't tell you how many
[12:52] {wulff} people say " am NOT putting any money in this market"
[12:52] {Threei}  well... market is going to climb until they give up and jump in :)
[12:52] {Threei}  what else is new, this is the way these moves have been occuring for ages
[12:53] {dino} not responding because doesn't understand english, (kidding)
[12:54] {wulff} they are just clueless to that
[12:54] {Threei}  Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.
[12:55] {wulff} isn't "disinclination" kind of a big word for you?
[12:55] {Threei}  (US) WHITE HOUSE AND US CAPITOL REOPENED FOLLOWING AIR SPACE VIOLATION - FOX NEWS
[12:55] {Threei}  not when I copy and paste wulff
[12:55] {Threei}  you have no idea how lenghty words I can copy/paste
[12:55] {wulff} Oh
[12:55] {wulff} funny man
[12:56] {nemo} yeah vicarious learning should be stricken from vocabulary
[12:58] {Threei}  eclipse
[12:58] {vint} right-- is it good or bad?
[13:00] {vint} i guess time will tell..:)
[13:02] {vinod} every one pass street test and got A grade. what next?
[13:02] {vinod} do we rally more?
[13:03] {wulff} I always stressed during tests
[13:04] {Threei}  I'd guess, initial spike, then selloff, vinod
[13:05] {ese} are the results o the stress test out yet
[13:05] {Threei}  no
[13:06] {Threei}  today is not the results themselves
[13:06] {ese} what time are they due out
[13:06] {Threei}  some details on tests
[13:06] {Threei}  2
[13:06] {ese} tks
[13:07] {vinod} lvad-Let you know when you unloaded F around 4.00 I brought them from you still holding
[13:07] {ese} what were the some of those details.....did you post vad....was on the phone
[13:07] {Threei}  not sure I undertaood vinod... but good trade
[13:08] {vinod} last wek if i remember you sold your F share
[13:08] {Threei}  were ese? it's not 2 yet :)
[13:09] {Threei}  yes vinod
[13:09] {ese} ohhhh  i  get it.....sorry ....thought some of the results were out
[13:09] {vinod} i got to check my note
[13:09] {vint} oh, they don't brief u in advance , vad?
[13:09] {vint} k, we will wait until 2
[13:10] {Threei}  if they did, I would be somwhere on Hawaiian beach long ago, enjoying waves and breeze and umbrella drinks with all my 9 wives
[13:11] {vint} wow, that is more risky than trading
[13:12] {Threei}  WFC... Iswear this thing goes for 22
[13:12] {wulff} fine by me
[13:14] {vint} vad- any read on CAT, it is in tight range on 5mt 
[13:16] {Threei}  nothing that I would see as a compelling trade vint
[13:17] {vint} k,thanks
[13:23] {magoo} [13:13] {&Threei}  WFC... Iswear this thing goes for 22
[13:23] {magoo} [13:13] {wu
[13:23] {magoo} i must coconcur
[13:23] {magoo} ..prob 23
[13:25] {magoo} AXP 27 imo
[13:26] {ese} hey everyone....enjoyed watching you....not doing much scalping last couple of days just siting on a couple of swing trades have a great weekend
[13:26] {Threei}  you too ese, and don't forget about that scanner please
[13:26] {ese} see ya vad
[13:27] {vint} have a good one , ese
[13:27] {nemo} wow, a pullback
[13:27] {dino}  u2 es
[13:27] {nemo} by ese
[13:27] {nemo} bye
[13:27] {nemo} buy
[13:27] {nemo} bi
[13:27] {fernp} bye ese
[13:27] {nemo} beye
[13:27] {nemo} bye
[13:27] {Threei}  finally
[13:28] {Threei}  janitors are getting angry nemo
[13:28] {nemo} wanted to get it right
[13:28] {Threei}  G7 DRAFT STATEMENT TO INDICATE THAT ECONOMIC GROWTH SHOULD RESUME RECOVERY IN LATE 2009
[13:28] {Threei}  that was painful to watch
[13:28] {Threei}  but relief when you did made it worth it
[13:29] {vint} they are going release methodlogy of stress test, so what is news there?
[13:29] {Threei}  no one knows vint
[13:29] {Threei}  it's all a big puzzle
[13:29] {vint} i thought they are releasing results
[13:30] {Threei}  no, that is assigned for March 4
[13:30] {Threei}  unless they changed their minds again
[13:30] {Threei}  sorry, May 4
[13:30] {vint} got it ,thanks
[13:30] {Threei}  assumption is, methodology will give clues to how test results will look
[13:31] {vinod} this is like waiting for new baby to arrive
[13:31] {Threei}  which of course is wide open to interpretations
[13:31] {Threei}  what just hap[p[ened?
[13:31] {nemo} ehhhh....maybe...pullback?
[13:31] {Threei}  outlook to stay weak; downside risks to growth remain.
[13:31] {Threei}  - G-7 committed to ensuring key financial istitutions are sound
[13:31] {Threei}  too sharp for simply pullback
[13:31] {nemo} prez must be speaking
[13:33] {Threei}  CHRYSLER'S LENDERS DISCUSSING SECOND OFFER WITH THE US TREASURY - WSJ
[13:34] {nemo} db on wfc?
[13:34] {Threei}  worth trying
[13:34] {Threei}  .10 support
[13:35] {magoo} not against futes imo
[13:35] {nemo} got a point mags
[13:37] {nemo} fas holding
[13:37] {Threei}  US REP FRANK: GOVT SHOULD ALLOW JPM AND GS REPAY TARP
[13:38] {Threei}  you don't say
[13:38] {vinod} someone leak test or what?
[13:39] {nemo} got volume spike on WFC two minutes ago
[13:47] {Threei}  Prez on TV
[13:47] {nemo} so the pullback was the tell
[13:53] {nemo} what if WFC loses 21?
[13:54] {Threei}  let's wait for those guidelines to be published, then try to gauge rteaction
[13:55] {nemo} these things have got to be marketing pieces
[14:00] {Threei}  *TREASURY STRESS TEST ASSUMPTIONS: BANKS TO BE TOLD TO HOLD BUFFER FOR LOSSES THROUGH 2011
[14:00] {dino} after 2011, told "go crazy"
[14:01] {Threei}  - Notes that banks own estimates are not in line with those of regulators
[14:01] {Threei}  - No details on how stress tests will be released
[14:01] {Threei}  - Banks asked to reaise capital should not be viewed as insolven
[14:02] {wulff} quite a spike in FAS
[14:03] {Threei}  eeck
[14:03] {Threei}  poor initial sellers
[14:03] {Threei}  or shorters
[14:03] {nemo} trade this
[14:04] {Threei}  [13:31] {Threei} which of course is wide open to interpretations
[14:04] {wulff} Look at its volume
[14:05] {Threei}  - Market turbulence has substantially reduced reserves; most banks have capital 'well in excess' of well capitalized levels
[14:05] {Threei}  - Focus on common equity does not imply a new capital standard; no figures provided{
[14:07] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=au8cyqeJFifg
[14:09] {magoo} AMZN starts to crack vad
[14:09] {Threei}  come on mags
[14:09] {Threei}  this is a mess
[14:09] {Threei}  why would tou want to jump into this sharp seesaw
[14:09] {nemo} looks like my last relationship
[14:10] {nemo} Vad, do you really have to ask?
[14:10] {magoo} why u picking on me? i have bothered u today
[14:10] {magoo} if IF mkts retreats, no way is AMZN staying up 5
[14:11] {Threei}  hmmm
[14:11] {nemo} I'm not picking on you...
[14:11] {Threei}  bexcause I enjoy it?
[14:11] {magoo} alrighty then..just so i understand lol:)
[14:11] {Threei}  yeah, just ask :)
[14:11] {magoo} 30 cents since i menbtioned
[14:12] {vinod} :O
[14:13] {nemo} wouldn't it be funny if finnies go negative
[14:13] {Threei}  CNBC'S LEISMAN: ASSUMPTIONS RELEASED LACK DETAILS BECAUSE GOVT MAY NOT WANT WALL STREET ANALYSTS TO RUN ESTIMATES BEFORE BANKS CAN RESPOND TO THE GOVT OVER THE STRESS TEST RESULTS
[14:13] {nemo} Or, they lack details because there are no tests  :)
[14:14] {Threei}  or, because no one understands what those results mean
[14:14] {vinod} so, what happen to test test buy-sell or hold bank stock
[14:14] {Threei}  stay on a sideline, wait for the inirtial emotions to calm down
[14:14] {Threei}  then look for new setups
[14:14] {Threei}  why would you want to gamble on what no one in whole world has no slightest idea about?
[14:15] {Threei}  this has nothing to do with trading
[14:15] {vinod} thanks to all I got to go to work
[14:15] {nemo} it's like playing 5 card black jack draw
[14:16] {magoo} have good weekend v
[14:16] {vint} bye vinod
[14:16] {nemo} cya vinod
[14:20] {nemo} quote server vad?
[14:22] {Threei}  8
[14:26] {Threei}  STU
[14:26] {Threei}  US PRESIDENT OBAMA SEEKING TO 'BATTLE' PRIVATE LOAN COMPANIES ON STUDENT LOAN PROGRAMS - BOSTON.COM
[14:26] {Threei}  - Reiterating that the private loan programs cost the US $5B/year{NNI SLM FMD}
[14:29] {wulff} FITB beak
[14:29] {wulff} break
[14:32] {Threei}  kind of in the middle of everything, wulff
[14:33] {Threei}  I don't see a play on it
[14:33] {wulff} .86 long
[14:34] {Threei}  WHITE HOUSE PRESS SEC GIBBS: EXPECTING SOME BANKS TO RELEASE STRESS TEST DATA
[14:34] {laserdave} are they going to realease it now?
[14:34] {Threei}  no one knows
[14:35] {Threei}  initially they said May 4
[14:35] {Threei}  - some banks will release own results while government will release some data as well{
[14:35] {nemo} looking at the finny reactions that announcement meant a whole lot of nothin'
[14:35] {Threei}  WHITE HOUSE PRESS SEC: ASSUMING AN ANNOUNCEMENT ON AUTOMAKERS NEXT WEEK; GOVT PLANNING FOR ALL CONTINGENCIES
[14:36] {Threei}  what an incredible mess
[14:36] {Threei}  my take:
[14:36] {Threei}  This is meaningless blather. Those are meaningless tests. Anyone can make anything out of this text, and test results themselves will be just as meaningless.
[14:36] {Threei}  There is some framework within which they constructed those tests and their interpretations. That framework is purely abstract and arbitrary - another set of people would construct it differently.
[14:36] {Threei}  It means that after initial hoopla dies down and dust settles, it all won't matter a bit. All those tests are colossal waste of time and effort and public focus.
[14:37] {nemo} [13:55] {nemo} these things have got to be marketing pieces
[14:39] {wulff} last chance
[14:39] {nemo} what wulff? fitb?
[14:39] {wulff} yes
[14:40] {nemo} looks good but you're due for a pullback here
[14:40] {wulff} whetever
[14:41] {nemo} Vad, what if Fitb holds up during this FAS pause?
[14:42] {nemo} you in Wulff?
[14:42] {Threei}  it's as valid play as any other financial
[14:42] {wulff} yes
[14:43] {Threei}  Pontiac to be weeded out but Buick stays?
[14:43] {wulff} huh-hum
[14:43] {nemo} stop wulff?
[14:44] {wulff} .80
[14:45] {wulff} FAS you dog
[14:45] {Threei}  so let's see
[14:45] {Threei}  all that selloff as if something groundshaking happpened
[14:45] {Threei}  and now market makes new highs?
[14:46] {Threei}  any chance you would get it right if you tried to trade those announcements?
[14:47] {vint} it was very tempting while watching long candles
[14:47] {vint} red and green candles-very confusing however
[14:48] {Threei}  14:05 - 14:13
[14:48] {Threei}  out of those red candles
[14:48] {Threei}  how would you determine which one to buy?
[14:49] {nemo} which stock?
[14:49] {Threei}  FAS
[14:49] {Threei}  selloff didn't run out of gas until reached ober 60 cents
[14:50] {Threei}  you could try entry at 8.2
[14:50] {Threei}  then at 8
[14:50] {nemo} wasn't major difference in volume at the bottom
[14:50] {Threei}  nope
[14:50] {Threei}  only 7.80 finally produced bottom,
[14:51] {Threei}  now
[14:51] {Threei}  what are the chances that having your fingres cut off on first two tries you would go for a third oneZ?
[14:51] {nemo} 0
[14:51] {vint} 0
[14:51] {Threei}  and even if tyou did,
[14:51] {Threei}  how long would you hold it?
[14:51] {nemo} I wouldn't have fingers to push the buttons
[14:51] {Threei}  7.80 in, 7.95 out?
[14:52] {Threei}  would it even cover losses of first two stops?
[14:52] {Threei}  that's how those tempting big red candles kill you
[14:52] {Threei}  entry is clear only in rear window
[14:53] {vint} this happens in opening also
[14:53] {vint} first few minutes
[14:54] {Threei}  that's why I sually skip them and wait for the opening range to establish itself
[14:54] {Threei}  then go for break of it
[14:54] {larisa} whats sually ?
[14:54] {vint} so announcement like this is like opening moments..crowd emotion
[14:54] {wulff} i.e. FITB
[14:54] {nemo} nice larisa
[14:55] {larisa} vadism :)
[14:55] {Threei}  larisa... "sually" is usually typed with my exceptional typing skills
[14:55] {larisa} i know
[14:55] {Threei}  and you, with multiyears of reading Threeish, should really know better
[14:56] {Threei}  eqzaktly vint
[14:56] {Threei}  it's a common phrase: trade big news events as opening
[14:57] {vint} how insightful! wish i knew it before..slow learner
[14:57] {Threei}  usually applied to FOMC rate decisions
[15:01] {wulff} you think FAS breaks high or low?
[15:01] {wulff} can't decide
[15:01] {Threei}  price configuration says high
[15:01] {Threei}  volume says wait a minute
[15:01] {Threei}  it's a toss
[15:02] {nemo} It's Friday
[15:02] {wulff} throw something
[15:02] {Threei}  I still have inclination toward high
[15:02] {Threei}  buit that's my general bias talking
[15:03] {Threei}  I've been bullish for what now, 3 weeks?
[15:03] {Threei}  and this last one everyone else was bearish
[15:03] {Threei}  I think I was the lone bull
[15:03] {Threei}  no cow in sight
[15:04] {dptl} lol
[15:04] {Threei}  remember those big red days
[15:04] {Threei}  when I was saying it's just a pullback before resumption?
[15:04] {Threei}  every single time that was what happened
[15:05] {Threei}  so, it's kind of hard for me to change out.,ook,
[15:05] {Threei}  as a trend following trader I stay with trend direction until it's proven to break
[15:05] {Threei}  so far it's not
[15:06] {vint} nyse advancing issues up 30% but volume dn 10% ..hope i'm reading correctly
[15:06] {vint} no clue..those are the reading from my screens
[15:07] {wulff} WFC approaching 22
[15:07] {Threei}  why wouldn't it... everyone is trying to short it
[15:08] {wulff} and why would they...the news is out months ago
[15:09] {Threei}  instinct... short anything that isd "too high"... buy anything that is "too low"
[15:09] {Threei}  get killed
[15:09] {Threei}  repeat
[15:09] {Threei}  get killed again
[15:09] {Threei}  repeat
[15:09] {Threei}  'cause if you don't, how I, trend following trader will make my living
[15:10] {vint} so high is not high or low is not real low until it is proven so
[15:12] {Threei}  IMF OFFICIAL: LATIN AMERICAN ECONOMIES REACHING BOTTOM
[15:12] {Threei}  unless they keep digging
[15:13] {Threei}  well, there is a difference between high and The high
[15:13] {Threei}  if stocks didn't make new highs, where would trends come from?
[15:13] {Threei}  and if they do, what business does one have shorting each new high?
[15:14] {magoo} btw..everyday laserdave asks me what i think..everyday for 6 weeks i reply "UP"
[15:14] {magoo} so u not alone..im the cow he he
[15:14] {Threei}  ummm
[15:14] {nemo} I thought you were the horse's...
[15:14] {Threei}  may I think of you as another bull?
[15:15] {vint} i thought we had only bulls bears and pigs
[15:15] {vint} cow, horse??
[15:15] {nemo} trans-bull vint
[15:15] {Threei}  we are broadening our limits
[15:16] {Threei}  and trying to be inclusive
[15:16] {vint} any set up to watch vad?
[15:16] {magoo} ravens
[15:16] {Threei}  this pullback on WFC into .50 was tempting...
[15:16] {Threei}  I hesitated
[15:17] {Threei}  too big chance to get hurt on these hectic moves
[15:17] {vint} even FAS seemd so to me
[15:17] {Threei}  a lot of repositioning happens ahead of weekend
[15:21] {Threei}  watch WFC for double bottom
[15:21] {magoo} see, this mkt will NOT let anyone in
[15:21] {magoo} STRONG
[15:22] {larisa} double top you mean ?
[15:22] {larisa} got confused 
[15:22] {Threei}  no, double bottom at .50
[15:23] {larisa} k
[15:23] {magoo} watching BAC too
[15:23] {Raven} {}
[15:23] {magoo} R
[15:23] {magoo} A
[15:23] {magoo} V
[15:23] {magoo} E
[15:23] {magoo} N
[15:24] {Raven} I'm always watching you magoo
[15:24] {Raven} except when I am slacking
[15:25] {magoo} :)
[15:25] {magoo} so u saw that eh? 
[15:25] {Raven} I see all
[15:25] {Threei}  uh oh
[15:25] {Raven} degenerates
[15:27] {Threei}  larisa
[15:27] {nemo} wulff, still in fitb
[15:27] {Threei}  raven calling me names
[15:27] {wulff} no
[15:27] {Threei}  {Raven} actually... I am calling degenerates names
[15:27] {wulff} got bored with it
[15:28] {Threei}  prfitably bored?
[15:28] {Raven} prfitably ... sigh'
[15:29] {Threei}  hey... magoo's typing is even worse
[15:29] {wulff} if you call .04 profit
[15:29] {Threei}  depends on shares...
[15:29] {magoo} hery..ive breen taking clases
[15:29] {Raven} but I expect it from magoo
[15:29] {Threei}  10K little bugers as ese says...
[15:29] {wulff} I am no ese
[15:32] {Threei}  LVS
[15:32] {Threei}  .35 for a scalp
[15:32] {Threei}  if stays above .30
[15:33] {dptl} in
[15:33] {nemo} in
[15:34] {Threei}  WFC almost 22
[15:35] {Threei}  3 cets shy
[15:36] {nemo} stopped
[15:37] {dptl} stopped
[15:37] {vint} stopped
[15:37] {Threei}  G24 TO REPORTEDLY EVALUATE CHINESE PROPOSAL ON SDR (SPECIAL DRAWING RIGHTS)
[15:41] {dptl} lvs one more try?
[15:42] {Threei}  .30 break was it if you wanted ity
[15:42] {Threei}  with stop under .25
[15:42] {dptl} i see
[15:42] {magoo} in
[15:43] {nemo} in what mags?
[15:43] {magoo} lvs
[15:47] {dptl} same set up again?
[15:48] {magoo} out .34 ty
[15:51] {Threei}  wow
[15:51] {nemo} fas
[15:51] {Threei}  and WFC
[15:51] {nemo} wfc
[15:51] {nemo} friday profit taking
[15:53] {dptl} oh well...ok have good weekend all 
[15:54] {nemo} u2
[15:54] {Threei}  take care dp
[15:55] {Threei}  sheesh
[15:56] {Threei}  wat an amazing volatility
[15:56] {magoo} yea
[15:56] {magoo} so predictable
[15:56] {Threei}  almost dollar down
[15:56] {Threei}  predicatable?
[15:56] {magoo} thesell off
[15:56] {Threei}  have you shorted WFC near 22?
[15:56] {magoo} no
[15:56] {Threei}  or FAS near 8.80?
[15:56] {Threei}  then don't tell me it ws predictable :)
[15:57] {jfjf64} lol
[15:57] {Threei}  okay guys
[15:57] {magoo} i was saying it to dino..watch out we could crash{is all i meant} like yesterday
[15:57] {magoo} or wed
[15:58] {Threei}  whatever... to me, predictable is tradeable
[15:58] {Threei}  if it's not actionable information, it's meaningless
[15:58] {magoo} i know , u win
[15:58] {Threei}  I do?
[15:58] {Threei}  wait
[15:58] {Threei}  wrong intonation
[15:58] {Threei}  I do!
[15:58] {Threei}  okay folks, thank you all
[15:58] {Threei}  not bad day for a Friday,
[15:59] {Threei}  and all those news pieces
[15:59] {vint} thanks, vad
[15:59] {Threei}  ruining the chart
[15:59] {wulff} this bounce is so predictable
[15:59] {larisa} see you later :)
[15:59] {magoo} TY BOSS
[15:59] {Threei}  hehe wulff
[15:59] {jfjf64} ty
[15:59] {magoo} have good weekend
[15:59] {Threei}  have a great weekend
[15:59] {dino} holding blud and nflx over
[15:59] {Threei}  see you all on Monday
[15:59] {fernp} ty Vad. have a good weekend all
[15:59] {wulff} bye all
[16:00] {magoo} ty everyone