Not much excitement but fairly solid day. Short on CAT and a few longs on usual suspects plus BIIB made the day worth waking up for.

Session Time: Tue Apr 28 00:00:00 2009

[06:49] {nemo} anybody home

[06:58] {KSystems} boo

[07:34] {nemo} Gruess dich Herrn K

[07:55] {Threei}  04/28/09 00:01am

[07:55] {Threei}  [C] Citigroup Inc Federal regulators advise Citi and BoA to raise more capital based on early "stress test" results - WSJ

[07:55] {Threei}  - Citing people familiar with the situation.

[07:55] {Threei}  - The capital shortfall amounts to billions of dollars at Bank of America, people familiar with the bank said.

[07:55] {Threei}  - Executives at both banks are objecting to the preliminary findings, which emerged from the government's scrutiny of 19 large financial institutions. The two banks are planning to respond with detailed rebuttals, these people said, with Bank of America's appeal expected by today.

[07:56] {Threei}  - The findings suggest that gov't officials are using the stress tests to send a tough message to struggling banks. It is unlikely that these two are the only banks the Federal Reserve has determined might need more capital.

[07:56] {Threei}  - Gov't officials say their meetings about the stress tests with bank executives over the last few days conveyed preliminary results and that discussions were expected to continue this week about specific findings. They also say that banks directed to raise more capital shouldn't be viewed as insolvent.

[07:56] {Threei}  - Instead, the capital is intended to cushion the banks against potential future losses under dire economic conditions. Federal officials say they won''t allow any of the top 19 banks to fail.

[07:56] {Threei}  - While the Fed initially planned to release the results of the stress tests on May 4, the gov't says the results will be released sometime that week.

[07:56] {Threei}  - Banks that are deemed to need more capital will have six months to find it, either from private investors, other financial institutions or the U.S. gov't

[08:02] {Threei}  RMBS

[08:02] {Threei}  U.S. DISTRICT COURT ISSUES DECISION REGARDING SAMSUNG CONTRACT CLAIMS IN RAMBUS CASE

[08:20] {cosmo} DNDN not done...

[08:21] {vinod} good morning to all and be back at 10.00

[08:21] {Threei}  cosmo, vinod :)

[08:22] {cosmo} daily C&H btw

[08:22] {cosmo} breaking

[08:27] {pita} greetings all

[08:28] {nemo} gm :)

[08:28] {Threei}  pita, nemo :)

[08:31] {Threei}  BRCD EXTEND OEM RELATIONSHIP TO ENTERPRISE IP NETWORKING WITH IBM

[08:31] {pita} what'd I miss - BAC, WFC FAS all down today?

[08:31] {Threei}  [07:55] {Threei} [C] Citigroup Inc Federal regulators advise Citi and BoA to raise more capital based on early "stress test" results - WSJ

[08:32] {nemo} swine flu and stress test announcement

[08:32] {Threei}  and whole bunch of lines after that, all meaningless

[08:32] {pita} wow

[08:38] {fernp} Hello everybody

[08:39] {Threei}  fern :)

[08:42] {dptl} good morning all

[08:42] {Threei}  dp :)

[08:42] {larisa} morning :)

[08:43] {Threei}  larisa :)

[08:50] {Threei}  (US) SENATOR SHELBY: NOT AWARE OF ANY RESULTS FROM RECENT STRESS TESTS; BELIEVES MANY BANKS ARE INADEQUATELY CAPITALIZED

[08:51] {cosmo} they need treadmills

[08:51] {Threei}  who cares whart he believes?

[09:02] {Threei}  BCRX looks to be the strongest of swine flu plays

[09:06] {jfjf64} mornin

[09:06] {Threei}  jf :)

[09:08] {dino} gm all

[09:08] {Threei}  dino :)

[09:09] {nemo} any word from mags?

[09:09] {ese} morning

[09:09] {Threei}  ese :)

[09:09] {Threei}  C

[09:09] {Threei}  REPORTEDLY US REGULATORS ARE IN DISCUSSIONS WITH BANK REGARDING CAPITAL POSITION FOLLOWING STRESS TEST - UNCONFIRMED SOURCE

[09:10] {Threei}  PIMCO'S BILL GROSS: WE ARE NOT BUYING USTS AT THE MOMENT

[09:11] {Threei}  (whispering) see if they sell on that line, and buy all you can

[09:15] {Threei}  (US) CONGRESSMAN B FRANK (D): BANKS REPAYING TARP FUNDS TO BOOST PUBLIC CONFIDENCEE

[09:16] {dino} he should be in es

[09:16] {dino} nemo i mean

[09:17] {cosmo} prxl

[09:18] {dino} turnaround tueday?

[09:18] {dino} tuesday

[09:19] {nemo} tumble down tuesday?

[09:19] {Threei}  both, IMO

[09:19] {pita} which first?

[09:19] {Threei}  the sequence is a question

[09:19] {nemo} yeah...elevator down at first...come back...then eod?

[09:19] {Threei}  yes

[09:20] {nemo} faz looks like it's going to run a little

[09:21] {Threei}  does FAS look like dropping to you?

[09:21] {nemo} double top volume spike at 9:11, yes

[09:21] {nemo} wouldn't be the first time I'm wrong today though

[09:22] {Threei}  wow... day just started

[09:22] {Threei}  man of early achievements?:)

[09:22] {nemo} 41/2 hours old for me

[09:23] {nemo} A widely watched housing index shows home prices dropped in February, but for the first time in 16 months the decline was not a record.

[09:23] {nemo} The Standard & Poor's/Case-Shiller index of home prices in 20 major cities released Tuesday dropped by 18.6 percent from February 2008, slightly better than the 19 percent in January. The 10-city index slid 18.8 percent, compared to 19.4 percent the month before.

[09:23] {nemo} But the good news was mixed. All 20 cities in the report showed monthly and annual price declines, and half recorded annual records. Prices fell by more than 10 percent in 15 cities.

[09:23] {nemo} Prices in the 20-city index have plunged 30.7 percent from their peak in the summer of 2006, and the 10-city index has lost more than 31.6 percent.

[09:25] {Threei}  (US) REP FRANK (D): LEAKED STRESS TEST RESULTS ARE NOT HELPFUL FOR THE MARKET

[09:25] {Threei}  - Results of tests should be released in sync with defined remedies.

[09:25] {Threei}  - Reiterates that banks repaying TARP funds can only boost public confidence.

[09:25] {Threei}  - Hopes that all banks could be free of gov funds in one year time.

[09:25] {Threei}  - States that it is possible for up to 10% of overall TARP allowances to be paid back by end of 2009.

[09:26] {chinggis} gm

[09:26] {Threei}  chinggis :)

[09:28] {Threei}  DNDN presents data around 2 today

[09:30] {Threei}  watching BAC for fast selling under 8 to find long entrey

[09:30] {Threei}  8.10 break is possible for entry if holding 8, just more risky

[09:31] {Threei}  I would prefer selloff

[09:32] {nemo} in

[09:32] {dptl} in .10

[09:32] {ese} PRXL

[09:33] {Threei}  who went for break, 1:1 is here

[09:33] {nemo} out scalp

[09:33] {dptl} half out

[09:34] {Threei}  1:2 almost dp

[09:34] {Threei}  pigs get swine flu

[09:34] {nemo} hehehe...nice take

[09:34] {jfjf64} out .26   ty

[09:34] {Threei}  :)

[09:34] {magoo} ;ljdlsjd.jfjkdjfb

[09:34] {Threei}  oyklmsbskeouiy?

[09:35] {jfjf64} time to mk the  donuts    

[09:35] {magoo} jweoueej !!!

[09:35] {Threei}  :))

[09:36] {Threei}  let's try to catch FAS entry

[09:36] {dptl} ah..all out  so skalp after all ...ty

[09:36] {Threei}  pullback into .30-.35 zone

[09:36] {dptl} scalp

[09:36] {Threei}  stop under .25

[09:36] {magoo} which vad?no replay

[09:36] {Threei}  first strength from here

[09:37] {Threei}  .28 in

[09:37] {magoo} in 285

[09:37] {dptl} scrude up a bit .32

[09:37] {ese} drug companies 

[09:37] {Threei}  half out

[09:38] {dptl} out .40 ty

[09:38] {Threei}  CVM

[09:38] {Threei}  L.E.A.P.S. TECHNOLOGY SHOWS POTENTIAL TO TREAT SWINE INFLUENZA IN PRECLINICAL STUDIES

[09:38] {jfjf64} out  .37  ty

[09:38] {ese} bstop PRXL .06 

[09:40] {magoo} out .38 TY

[09:40] {nemo} ankle in a cast mags?

[09:40] {magoo} walking boot

[09:40] {Threei}  CVM trying

[09:40] {nemo} hairline?

[09:40] {magoo} ty for asking

[09:41] {dino} looks like vads' steel toed, spiked boot

[09:41] {magoo} oh no..dodged bullet, tib is completelely broke and apart

[09:41] {magoo} but it stayed close enough to avoid surgery

[09:41] {nemo} wow!!! lucky ain't the word for it

[09:41] {Threei}  no kidding

[09:41] {dino} cruise lines going green

[09:42] {Threei}  good to hear it's not the worst case scenario mags

[09:42] {nemo} uauau

[09:42] {nemo} uaua

[09:42] {magoo} especially because yours truly dumbass was walking on it for 7 days

[09:42] {magoo} could have displaced it

[09:42] {nemo} yeah, that could have really screwed things up

[09:42] {nemo} re-breaks are no fun

[09:44] {Threei}  BCRX

[09:44] {Threei}  STANDPOINT RESEARCH MAKING POSITIVE COMMENTS

[09:44] {dino} amed beats and drops

[09:44] {ese} prxl invalidated for me

[09:45] {magoo} was BIDU exciting after bell yesterday vad?

[09:45] {Threei}  no idea

[09:45] {nemo} beat earnings

[09:45] {nemo} and revenue

[09:45] {magoo} 20 points?

[09:45] {ese} missed vrtx.....had it on my screen,,,rats

[09:45] {Threei}  BAC

[09:45] {pita} pullback entry on banks, FAS?

[09:45] {Threei}  closer to 8.20 BAC

[09:46] {Threei}  watch for dive under .25 and buy first strength

[09:46] {jfjf64} stop

[09:46] {ese} am watching fas as well pita

[09:46] {Threei}  FMCN

[09:46] {pita} ty

[09:46] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[09:48] {Threei}  GOLDMAN SACHS INITIATES IPXL WITH NEUTRAL (TIMING UNCERTAIN)

[09:48] {magoo} l bac .26

[09:48] {dptl} inh .28

[09:49] {Threei}  US TREASURY HAS REPORTEDLY REACHED AN AGREEMNET WITH CREDITORS FOR CHRYSLER

[09:50] {dptl} stopped-.09

[09:50] {Threei}  why jump the gun...

[09:51] {nemo} youth and testosterone

[09:51] {Threei}  plan was to let it drop under .25

[09:51] {dptl} it did

[09:51] {Threei}  got .19 here

[09:51] {wulff} .23

[09:51] {Threei}  half out

[09:52] {Threei}  stop under .15... won't rail for now

[09:55] {Threei} Long Setup:  BIIB  ,80 break half lot

[09:56] {Threei}  stop under .60

[09:56] {dptl} in

[09:56] {nemo} in

[09:56] {Threei}  US CONGRESSMAN FRANK REPORTEDLY PLANS TO INTRODUCE REPEAL OF INTERNET GAMBLING LAW NEXT WEEK

[09:56] {magoo} ni

[09:56] {nemo} partial fill

[09:56] {Threei}  what was there

[09:56] {Threei}  CRYP I think

[09:56] {Threei}  something else

[09:57] {Threei}  this is in line with prior comments; Frank most recently said in March that he planned to introduce the legislation in an April timeframe{CRYP GIGM OPMR 888.UK PRTY.UK SBT.UK }

[09:57] {Threei}  GIGM

[09:59] {Threei}  BIIB 1:1

[09:59] {dptl} out some47

[10:00] {ese} l 

[10:00] {Threei}  *APR RICHMOND FED MANUFACTURING INDEX: -9 V -17E

[10:00] {magoo} out BIIB .11 TY vad

[10:00] {magoo} FL

[10:00] {magoo} he he

[10:00] {Threei}  APR CONSUMER CONFIDENCE: 39.2 V 29.7E

[10:00] {nemo} out ty

[10:00] {Threei}  welcome sir

[10:00] {Threei}  sirs

[10:00] {dptl} allout .15 ty

[10:00] {nemo} I looke over my shoulder, nobody there

[10:00] {ese} L FITB .58

[10:00] {Threei}  out BAC

[10:01] {nemo} Hey ese!

[10:01] {magoo} out BAC flat..my entry stunk

[10:02] {Threei}  argh

[10:03] {jfjf64} grrr

[10:03] {dptl} yeah...i scrude up with bac today a bit :)

[10:03] {Threei}  APR CONSUMER CONFIDENCE: 39.2 V 29.7E; HIGHEST READING SINCE NOV

[10:03] {Threei}  - Prior revised from 26.0 to 26.9

[10:03] {Threei}  - Confidence in tech annd consumer electronics sectors climbing "significantly"

[10:04] {ese} hey nemo!

[10:05] {Threei}  C

[10:05] {Threei}  CANNOT COMMENT ON STRESS TEST UNTIL RESULTS ARE ANNOUNCED

[10:05] {ese} out FITB .65 +.07

[10:05] {nemo} 20000 of the little buggers?

[10:05] {Threei}  rumor mill major till this stress bs is over

[10:05] {ese} you don't wanna know......it's a great day

[10:06] {ese} actually not quite.....15000

[10:06] {dino} wow!

[10:07] {nemo} slippin ese?

[10:07] {ese} be nice if you could do this all the time.....but alas poor eurick.....no

[10:08] {Threei}  GE

[10:08] {Threei}  UPDATE: PRICE TARGET RAISED TO $20 FROM $18 AT BOFA/MERRILL LYNCH, MAINTAINS NEUTRAL RATING

[10:08] {nemo} yeah, I didn't know him well

[10:08] {ese} me neither

[10:08] {nemo} why would I want to talk to a skull

[10:09] {Threei}  US REP FRANK(D): COMMITTEE WILL CONDUCT A HEARING ON AN OPTIONAL FEDERAL INSURANCE CHARTER

[10:09] {Threei}  {MET HIG PRU GNW }

[10:09] {ese} volume is slowing down on Fitb gents........not as easy to do what i was doing a few weeks back.......as vad says....watch out for the character of a stock

[10:09] {ese} this one is changing

[10:09] {nemo} short...

[10:09] {jfjf64} wfc    anythin  there bg guy

[10:10] {nemo} everything looks like it's pausing or topping right now

[10:10] {Threei}  WQFC formed C&H

[10:10] {Threei}  hate buying breaks on it

[10:10] {Threei}  but if market spikes... could be

[10:10] {ese} that 15k didn't get filled like it did before or sold like it did before.....sure sign something is changing

[10:11] {nemo} dribs and drabs?

[10:11] {dino} rcl to .55

[10:11] {jfjf64} k

[10:11] {ese} i guess so nemo.....

[10:11] {Threei}  RIMM

[10:11] {Threei}  this p;ullback looks buyable

[10:11] {Threei}  .55 long

[10:11] {Threei}  stop under .45

[10:12] {magoo} in

[10:12] {ese} good scalp for todqay though

[10:13] {Threei}  no go RIMM

[10:13] {magoo} yup\

[10:18] {wulff} where is that rising tide?

[10:18] {ese} L fitb .68

[10:18] {nemo} rip tide dude

[10:18] {wulff} optimist

[10:19] {nemo} who?

[10:19] {ese} out fitb .74

[10:19] {nemo} how many?

[10:19] {ese} +.06

[10:20] {ese} 5 lots

[10:20] {wulff} nads of steel

[10:20] {nemo} conservative...makes sense

[10:20] {ese} ya ...me thinks so

[10:21] {pita} wtg ese

[10:21] {dino} rcl to .65

[10:21] {ese} tks....bs luck on .74 though

[10:21] {ese} had the sell in early and it hit the high of that run

[10:22] {nemo} sometimes it's better to be lucky than good

[10:22] {magoo} every time

[10:22] {pita} high tick ...nice

[10:23] {dino} rcl to .80

[10:24] {dino} stopped out rcl .80, +.65

[10:26] {magoo} .

[10:26] {Threei}  anyone went for WFC break?

[10:27] {pita} nice dino

[10:27] {jfjf64} n

[10:27] {magoo} no

[10:28] {dino} ty pita

[10:28] {magoo} how'd BIDU do on report vad?

[10:28] {nemo} great mags

[10:28] {Threei}  didn't watch it

[10:28] {dino} watching txn, ssw, hsii, rcii

[10:28] {Threei}  let's see if we get nice pullback on WFC

[10:29] {pita} where you thinkin Vad?

[10:30] {Threei}  19.80 I would be very interested

[10:30] {Threei}  doesn't look likely

[10:30] {nemo} has a gap to close from yesterday, and I don't think their name has been leaked

[10:31] {magoo} DNDN vad

[10:31] {Threei}  shrug

[10:33] {ese} dino i almost went 1/2 lot at .20 rcii....at the botom there....didn't have the nerve

[10:33] {ese} are you in

[10:33] {Threei}  wtch FAS,

[10:33] {Threei}  buy WFC on FAS uptick

[10:34] {magoo} in .91

[10:34] {magoo} WFC

[10:36] {nemo} quote server Vad?

[10:36] {dino} not yet es

[10:36] {Threei}  11

[10:36] {Threei}  half out WFC

[10:36] {dino} feels like double bottom coming

[10:36] {Threei}  now need FAS new high for another WFC spike

[10:37] {ese} lokks like it.....question dino......if you had been onto rcii....would that bottom have been something you'd consider

[10:37] {dino} waiting at .00

[10:37] {Threei}  lol DNDN

[10:38] {ese} do ytou tend to to wait for .00 .50's etc on a tank like this

[10:39] {dino} yes

[10:39] {ese} gottcha

[10:40] {dino} they .25, .50.75.00 are like magnets imo

[10:40] {dino} ok giddy-up

[10:40] {ese} my prediction...if the qqqq's can get above 34.00...gonna be a big rally

[10:40] {Threei}  feel free to take WFC profit as you see fit

[10:41] {Threei}  I am out .08

[10:41] {dino} mr t's prediction...."pain"

[10:42] {ese} short squeeeeeeza

[10:43] {nemo} fitb ese

[10:43] {ese} yup lookin at it again

[10:44] {ese} don't know if i'm gonna have time to play it...tues and thurs i teach a class early

[10:44] {dino} 868-871 been big resistance s/p

[10:44] {ese} might not have time to monitor

[10:45] {ese} hmmm my chart is showing 875 resistance

[10:46] {pita} ?

[10:46] {ese} s/p pita

[10:46] {pita} ah ty

[10:47] {Threei}  mags?

[10:47] {ese} lots of stock bumping up against highs...waiting for indexes

[10:48] {dino} yes es, but 871 monthly high

[10:48] {ese} ahhhhh ok am looking at daily

[10:48] {dino} opps you're rtight 875 on 4/17

[10:49] {dino} good girl rcii

[10:50] {magoo} was waiting .23 vad

[10:50] {magoo} still in :(

[10:50] {Threei}  oversitting them... it's not a straight up day

[10:51] {magoo} yea..if mkt ever returns to powerup mode i gonna majke dough

[10:59] {Threei}  DNDN

[10:59] {Threei}  HEARING COWEN MAKING POSITIVE COMMENTS ON PROVENGE AHEAD OF DATA (TIMING UNCERTAIN)

[10:59] {Threei}  - Sees Data to show in excess of 4 months added survival.

[10:59] {Threei}  - note: earlier today CNBC guest David Miller commented that any data showing added survival of four or more months would be a "home run."{GSK}

[11:00] {dino} ssw double bottom?

[11:01] {dino} sm l .70

[11:01] {Threei}  can't tell really... I like them to be closer to each other

[11:01] {Threei}  but your entry is so close to support, why not

[11:03] {Threei}  CDC NOTES 64 CONFIRMED CASES OF SWINE FLU IN THE US

[11:03] {Threei}  - up from 40 at the last report

[11:03] {nemo} anybody die?

[11:04] {dino} es, you still in rcii?

[11:04] {Threei}  nobody in Mexico believes virus originated there

[11:05] {Threei}  they say American tourists breought it

[11:05] {Threei}  FBR CAPITAL MARKETS SPECULATING BAC WILL NEED CAPITAL UNDER THEIR OWN STRESS TESTS; REITERATES UNDERPERFORM RATING (TIMING UNCERTAIN)

[11:05] {dino} terrorists, started when yobama was there

[11:05] {dino} rcii ton .45

[11:05] {dino} to

[11:06] {dino} ssw stop is .48 

[11:06] {dino} amed, hmmmm

[11:06] {nemo} what size lot on rcii Dino?

[11:06] {dino} 400

[11:06] {dino} es is the big guy

[11:07] {dino} to .55

[11:08] {dino} mkt drop tighten to .59

[11:08] {dino} crazy thought amed has gap around 28.80

[11:09] {Threei}  .short cat .15

[11:09] {dino} to .75 rcii

[11:09] {Threei} Short Setup: CAT  .15

[11:09] {dptl} stop?

[11:10] {dino} to .85

[11:10] {nemo} .30?

[11:10] {Threei}  so far .25, but if sets up from here, could be even above .20

[11:10] {Threei}  a bit too tight probably

[11:10] {dino} out .95, +.95

[11:10] {dino} rcii

[11:10] {nemo} wtg dino

[11:11] {dino} ty, lucky one

[11:11] {nemo} what was your original stop?

[11:11] {dino} .32

[11:12] {dino} -.32=.68

[11:12] {nemo} Didn't you buy in @17.00

[11:12] {dino} most sm i go .32 on nemo

[11:12] {dino} 17 yes, - .32 = .68

[11:12] {nemo} got it DENSA

[11:13] {dino} on capits entries tough, .32=/- seems to work 65%+

[11:13] {dino} otherwise rinse city

[11:14] {dptl} in cat

[11:14] {dino} goal is 1:2, altho once over 1:1 tighten stop to 1:1

[11:14] {nemo} didn't get entry

[11:15] {jfjf64} in.15

[11:16] {nemo} wow, and I tried .14

[11:16] {dptl} .15

[11:18] {dino} ssw stopped -.22

[11:18] {Threei}  1:1 on CAT, noone covered?

[11:18] {fernp} missed entry

[11:19] {dptl} it was just couple trades at .05

[11:19] {dptl} i had bit for half still

[11:19] {dptl} .05

[11:20] {jfjf64} out .09  ty

[11:23] {dptl} ok half out now ty

[11:24] {Threei}  save and easy trade

[11:24] {Threei}  just as I like them

[11:24] {dptl} stop to .15

[11:25] {dino} ufcs

[11:26] {dino} thinny

[11:27] {nemo} dino, rcii turne into energizer bunny

[11:29] {dptl} above .10 now cat

[11:29] {dino} yeah, was too tight on it

[11:29] {Threei}  Prez on TV

[11:29] {dino} hsii thoughts 

[11:30] {Threei}  way too far from bottom...

[11:30] {Threei}  buying it here would practically be a breakout

[11:31] {Threei}  and breakouts are rarely working on these thinnies

[11:31] {nemo} I was going to say re short cat

[11:31] {dptl} more out .96 

[11:32] {dino} thinking 19 area

[11:32] {Threei}  DNDN

[11:32] {Threei}  PRECLINICAL DATA INDICATES TRPM8 AGONIST SHOWS ACTIVITY

[11:32] {Threei}  - Dendreon's orally bioavailable small molecule, which targets TRPM8 (a transmembrane cation channel protein), to treat benign prostatic hyperplasia (BPH). D-3263 demonstrated the ability to reduce BPH alone and in combination with finasteride, a current treatment for BPH.

[11:37] {Threei}  IVAN?

[11:37] {Threei}  what's with this dog with fleas

[11:38] {dino} onty

[11:39] {Threei}  yeah

[11:39] {Threei}  popped up on scanner

[11:39] {Threei}  no news that I see

[11:39] {nemo} .80 break on wfc?

[11:41] {Threei}  i doubt it

[11:41] {nemo} me too now

[11:44] {Threei}  WHO'S FUKUDA: ENTIRELY POSSIBLE THAT WORLD MAY SEE A "MILD PANDEMIC" FROM SWINE FLU

[11:44] {Threei}  what a meaningless statement

[11:44] {Threei}  and who's fukuda

[11:46] {Threei}  CAT baby

[11:46] {Threei}  out in full

[11:46] {Threei}  +.30

[11:47] {jfjf64} nice job     i got  out  too soon    what  chapter in  book  do i learn to stay  in  trade longer   lol

[11:48] {Threei}  it's a chapter Trading in the Coma

[11:48] {Threei}  subtitle: If you thought you had to be awake in order to trade - you were WRONG!

[11:48] {dino} think it's more of a song, "should i stay or should i go"

[11:49] {dino} whack-a-mole fslr

[11:50] {dino} cdc warns limit large gatherings

[11:50] {Threei}  good

[11:50] {Threei}  telling my wife and son to get out of the house

[11:53] {Threei}  wow, CAT had more in it

[11:56] {wulff} dead CAT bounce

[11:56] {wulff} ?

[11:56] {Threei}  another pullback and forming double bottom would be nice

[11:57] {Threei}  I doubt it will try to the low again

[11:57] {Threei}  so dive under .70, I would watch for first strength

[12:01] {Threei}  no chance for entry

[12:01] {Threei}  oh well

[12:03] {Threei}  US SENATOR ARLEN SPECTER REPORTEDLY TO SEEK REELECTION AS DEMOCRAT

[12:03] {Threei}  - Reelection could potentially bring seat # for Democrats to 60

[12:06] {dino} nothing like betraying his supporters

[12:07] {nemo} lust for power

[12:07] {dino} politics= poly=many, tics=bloodsucker

[12:08] {nemo} Niiiiiceeeee

[12:08] {nemo} of course, that's not nice to say about ticks

[12:08] {jfjf64} you hit it on the money  dino

[12:08] {dino} lol

[12:12] {wulff} thoughts on PM rally?

[12:14] {nemo} Precious Metals or afternoon canus lupus

[12:14] {nemo} canis?

[12:16] {Threei}  don't know... seems likely

[12:17] {wulff} So how is the weather up there?

[12:17] {Threei}  very nice

[12:17] {wulff} here too, deep south

[12:17] {nemo} where wolf?

[12:17] {nemo} there castle

[12:17] {wulff} ATL

[12:18] {nemo} used to live in SC

[12:18] {wulff} Lived there once

[12:18] {wulff} Beaufort

[12:19] {dino} nice

[12:20] {dino} not bad here either except for spector turning on us

[12:20] {nemo} Yep, had a friend in Beaufort...stopped sending checks...so he never calls

[12:20] {wulff} wasn't me

[12:23] {jfjf64} axp on another mission

[12:25] {Threei}  V too

[12:26] {Threei}  filibuster-proof majority for dems

[12:26] {Threei}  just what we need

[12:27] {nemo} Aye comrade...

[12:27] {dino} tax, spend, regulate

[12:31] {dino} txn l .25

[12:45] {ese} am back hows itgoin

[12:45] {dino} wmgi sm l .75

[12:48] {pita} later all

[12:49] {ese} se ya pita

[12:49] {Threei}  take care pita

[12:53] {dino} ssw lod

[12:55] {dino} lcav

[13:00] {dino} ssw sm l .15

[13:06] {ese} might not be today but that s/p is gonna break the 875 resistance

[13:09] {Threei}  feels like yes

[13:09] {Threei}  market sets up another trap for bears

[13:12] {ese} thas the feeling i''m getting too

[13:12] {nemo} look who's here

[13:12] {nemo} thought you had to teach?

[13:12] {ese} when it sells down it's not selling down hard

[13:13] {ese} yep am back.....band class 8:30 to 9:30 my time

[13:13] {ese} 11:30 to 12:30 market time

[13:14] {dino} gmcr

[13:22] {jfjf64} zzzzzzzz

[13:25] {jfjf64} any body there   

[13:25] {Threei}  DNDN sharp selling

[13:25] {jfjf64} k

[13:26] {Threei}  something leaks from presentation or what

[13:26] {dino} dndn

[13:26] {Threei}  wow!

[13:26] {ese} outta here see ya tomorrow

[13:26] {nemo} omg

[13:26] {larisa} wow

[13:26] {magoo} WOW

[13:26] {dino} -10

[13:26] {nemo} couln't short it anyway

[13:26] {jfjf64} sharp sharp

[13:26] {Threei}  why?

[13:26] {nemo} -14

[13:26] {Threei}  shortable

[13:26] {Threei}  mama

[13:26] {nemo} oh, last week you tried

[13:26] {nemo} mia

[13:27] {Threei}  SHARES FALL SHARPLY LOWER AHEAD OF DATA

[13:27] {Threei}  halt

[13:27] {dino} halt

[13:27] {Threei}  remember how I called DNDN?

[13:28] {nemo} refresh please

[13:28] {Threei}  widowmaker

[13:30] {Threei}  - Provenge data expected to be released from embargo at 2pmET

[13:30] {magoo} can u imagine if long 1k at 24?

[13:30] {Threei}  no

[13:30] {Threei}  I have vivid imagination

[13:30] {Threei}  but that's beyond my capabilities

[13:31] {Threei}  from 24 something to 8 within one minute... how about that

[13:31] {larisa} can i imagine i am short at 25 ? :) please!

[13:31] {Threei}  that would be nice

[13:32] {Threei}  I contemplated short dow to 22

[13:32] {Threei}  than just took my hand off the mouse, to be safe

[13:32] {larisa} lol

[13:32] {nemo} wfc showing a little life

[13:36] {magoo} go over to yhoo board and people are talking they are DEAD

[13:36] {vinod} DNDN buy at 3 and sell around 20 every 4 month

[13:37] {dino} lol

[13:37] {Threei}  I have no doubt mags... always same story

[13:38] {vinod} sorry i look at wrong chart?

[13:47] {dino} wmgi to .99

[13:50] {larisa} 4 mil shares dumped in 2 min. must be ese :)

[13:50] {nemo} too funny

[13:51] {Threei}  STEVE WYNN: INTERESTED IN MGM'S BELLAGIO AND OTHER CASINOS IN LAS VEGAS

[13:51] {Threei}  {WYNN LVS}

[13:51] {dino} out wngi .01, +.26

[13:52] {Threei}  US CALIFORNIA GOV DECLARES STATE OF EMERGENCY OVER SWINE FLU

[13:52] {nemo} frickin' girlie man

[13:52] {Threei}  lol

[13:54] {dino} what will this mean to ccl, rcl

[13:56] {Threei}  they don't react

[13:56] {dino} strange

[13:57] {Threei}  you'd think it's devastating turn of events

[14:00] {Threei}  dndn

[14:00] {Threei}  RELEASES DATA ON PROVENGE: SURUVIAOL 4.1 MONTHS

[14:00] {Threei}  REDUCES RISKS OF DEATH VS PLACEBO

[14:01] {Threei}  hmmm

[14:01] {Threei}  now it will open at 35?

[14:01] {Threei}  that would be ultimate killer

[14:01] {larisa} then i do not want to be short at 25 :)

[14:01] {nemo} Don't think so.  I read yesterday where 4 months had been reported

[14:02] {Threei}  kill those who were long when they panicked

[14:02] {dino} in 4 months

[14:02] {Threei}  then those who shorted and didn't cover before halt

[14:02] {Threei}  longs that bailed are crying

[14:02] {Threei}  shorts are crying

[14:03] {Threei}  only those longs who slept through whole thing are happy

[14:03] {Threei}  see... told you, trading must be done in yor sleep

[14:03] {dptl} lol

[14:03] {nemo} what was that about sitting on your hands and doing nothing?

[14:04] {Threei}  - Extends 3 year survival 38% vs placebo

[14:04] {Threei}  - PROVENGE extended median survival by 4.1 months compared to placebo (25.8 months versus 21.7 months);

[14:04] {Threei}  - PROVENGE improved 3-year survival by 38% compared to placebo (31.7% versus 23.0%);

[14:04] {Threei}  - The IMPACT study achieved a p-value of 0.032, successfully exceeding the pre-specified level of statistical significance defined by the study''s design (p-value less than 0.043), and PROVENGE reduced the risk of death by 22.5% compared to placebo (HR=0.775);

[14:05] {Threei}  - PROVENGE exhibited a favorable safety profile consistent with prior trials.

[14:05] {Threei}  - CNBC notes an official mentioned that shares likely to be halted until end of conference call which starts at 5:30pmET

[14:05] {Threei}  no opening today then

[14:05] {Threei}  too bad

[14:05] {Threei}  I wanted show to go on

[14:10] {larisa} typed another stock into DNDN L2 and forgot i did, see it blinking at 101. Heart skipped a bit for a sec :)

[14:10] {Threei}  lol

[14:11] {Threei}  oh btw

[14:12] {Threei}  DNDN has more ways to kill traders

[14:12] {Threei}  imagine someone shorting 24

[14:12] {Threei}  happily covering 10

[14:12] {Threei}  going out to buy nice signle malt

[14:13] {Threei}  returning to see that cover is broken by NASDAQ, while short stands,

[14:13] {Threei}  and stock opening after halt at 35 :)

[14:14] {larisa} can we all get along ? dis is sad 

[14:14] {Threei}  not really

[14:14] {Threei}  nature is unkind

[14:14] {nemo} utopians

[14:16] {Threei}  so... DNDN has a lot of ways to make a lot of people unhappy

[14:17] {Threei}  that;'s why I am staying away from these superhot things on a day of coming news

[14:17] {Threei}  This planet has a problem, which was this: most of the people on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movements of small green pieces of paper, which is odd because on the whole it wasn't the small green pieces of paper that were unhappy.

[14:17] {Threei}  And so the problem remained; lots of the people were mean, and most of them were miserable

[14:18] {Threei}  Many were increasingly of the opinion that they'd all made a big mistake in coming down from the trees in the first place. And some said that even the trees had been a bad move, and that no one should ever have left the oceans.

[14:18] {vinod} no guts no glory

[14:18] {nemo} Oh yeah, like that's a haven of peace and tranquility

[14:21] {nemo} rimm creeping...too late

[14:22] {Threei}  larisa, next setence is a stern warning for you:

[14:22] {Threei}  And then...one man had been nailed to a tree for saying how great it would be to be nice to people for a change

[14:24] {larisa} lol

[14:28] {Threei}  WHITE HOUSE: TOO EARLY TO JUDGE WHETHER BANKRUPTCY IS APPROPRIATE FOR CHRYSLER

[14:28] {Threei}  {GM F F.IT}

[14:29] {dino} i know lets give them another 5 billion

[14:35] {Threei}  there you go

[14:35] {Threei}  DNDN

[14:35] {Threei}  NASDAQ NOTES IT WILL INVESTIGATE TRADES BETWEEN 1.25-1.37PMET TODAY AS THERE MAY BE AN 'ERROR'

[14:35] {Threei}  told ya

[14:35] {jfjf64} hmm

[14:36] {fernp} that scares

[14:39] {nemo} frickin' stealth rally

[14:42] {magoo} worste type nemisis

[14:43] {nemo} saw RIMM just as it popped, didn't think it would go that far

[14:43] {Threei}  64 cases in USA

[14:44] {nemo} so 64 out of 300 million...we're porked

[14:44] {Threei}  (CH) CHINESE COMMERCE MIN: USD WILL REMAIN THE MAIN CURRENCY OF WORLD TRADE, DESPITE ITS "DEFICIENCIES"

[14:44] {Threei}  heh

[14:44] {nemo} somebody else said that recently

[14:45] {jfjf64} wfc   pullback??

[14:45] {nemo} I was just going to say, Cat looked shortable

[14:46] {Threei}  seems a few more ticks down before it bottoms out

[14:46] {nemo} wfc or cat

[14:46] {Threei}  WFC

[14:46] {magoo} make the call boss

[14:48] {Threei}  finger on a trigger

[14:48] {Threei}  in

[14:48] {Threei}  .77

[14:48] {dptl} stop?.75?

[14:49] {Threei}  if going for pure quick scalp, yes

[14:49] {nemo} dam missed

[14:49] {dptl} not in yet

[14:50] {magoo} yea..i missed and truly we had all day

[14:50] {magoo} nice call vad

[14:55] {nemo} no volume today

[14:55] {Threei}  no

[14:56] {Threei}  sold at .87 btw

[14:56] {nemo} the sith strike again

06[14:56] * magoo slaps Threei around a bit with a large trout

[14:56] {jfjf64} .84  ty

06[14:56] * nemo slaps Threei around a bit with a large /moderate roll of cash

[14:57] {Threei}  why do you slap me? slap jf

[14:57] {nemo} oh yeah

[14:57] {jfjf64} lol

[14:57] {nemo} no..you got out @.87

06[14:57] * nemo slaps Threei around a bit with a large roll of cash

[14:57] {Threei}  what is it, pick on Threei day?

[14:58] {magoo} bulls coming last hour vad??

[14:58] {nemo} Yeah, it's Tuesday...ends in y

[14:58] {Threei}  either that or swines, mags

[14:58] {jfjf64} gm on

[14:58] {nemo} good one

[14:58] {Threei}  WSJ: REORGANIZATION OF CHRYSLER MAY INVOLVE MOVING CHRYSLER FINANCIAL TO GMAC

[14:59] {nemo} inverted C&H on FAS?

[15:04] {dptl} cat ? .15 short?

[15:05] {Threei}  nah

[15:07] {nemo} laserdave is here and Mags hasn't smacked him...

06[15:07] * magoo slaps larisa around a bit with a large trout

[15:07] {larisa} you have 1 sec to take it back

[15:07] {magoo} oops..missed

[15:07] {dptl} heh...Magoo missed :)

[15:08] {nemo} let's see if the lioness bares her fangs

[15:08] {Threei}  DNDN

[15:08] {Threei}  LAZARD MAKING POSITIVE COMMENTS; MAINTAINS BUY RATING, PRICE TARGET $25 (TIMING UNCERTAIN)

[15:08] {Threei}  - Firm discloses: We believe that DNDN's Provenge will achieve regulatory & commercial success. We think Provenge can achieve }$2B in peak sales now that the survival delta is 4+ months (ie similar to previous trials). With two survival studies, solid safety, a (+) FDA panel, & a SPA, we would look to buy DNDN.

[15:09] {Threei}  NASDAQ NOTES THE TRADES FROM 1.25-1.37PMET WILL BE ALLOWED TO STAND

[15:09] {dino} ccl sm s .90

[15:09] {nemo} somebody just went drinking...others...jumped

[15:11] {dino} yeah, magoo is on the ledge

[15:11] {nemo} well, as long as he lands on his head the only thing damaged will be the street

[15:13] {Threei}  he better - his ankle won't handle another shock

[15:13] {magoo} good bye cruel trading room

[15:13] {larisa} lol

[15:13] {Threei}  rofl

[15:13] {dptl} lol

[15:14] {Threei}  as if you'd survive in any other

[15:14] {jfjf64} wfc ???

[15:15] {Threei}  gosh... dropped whole 8 cents, why scream

[15:15] {Threei}  you scared me... I need an hour of sleep now

[15:15] {Threei}  to deal with PTSD

[15:16] {jfjf64} ptsd

[15:17] {larisa} jf thinks it is a stock :)

[15:18] {dptl} lol me too...

[15:18] {Threei}  sigh

[15:18] {larisa} lol

[15:18] {dptl} what is it?

[15:18] {larisa} Posttraumatic Stress Disorder 

[15:18] {dptl} roflol

[15:19] {nemo} oh, and I was thinking it was an std

[15:19] {dptl} you got me there..lol

[15:19] {magoo} prostrate distress disorder??

[15:19] {nemo} just wear your Depends Mags...no worries

[15:19] {dino} nasty

[15:20] {nemo} what, the ccl short?

[15:20] {Threei}  FAS

[15:20] {dino} ssw stopped -.21

[15:21] {Threei}  too fast... couldn't type in time

[15:21] {Threei}  .60 is solid support, see if it goes closer to it again

[15:24] {Threei}  Prez on TV

[15:24] {Threei}  missed him?

[15:24] {nemo} now

[15:25] {Threei}  watching FAS

[15:25] {Threei}  argh

[15:25] {Threei}  missed

[15:25] {nemo} market dropping

[15:25] {Threei}  wanted .61 for a quick pop

[15:25] {Threei}  wasn't willing to chase even 1 cent

[15:26] {dptl} oh got .63

[15:26] {dptl} .59 stop

[15:28] {Threei}  works... I just was way too anal-retentive

[15:28] {Threei}  happens to me when the day is generally narrow and I want to preserve every bit of profit

[15:29] {dptl} still in

[15:29] {Threei}  why?

[15:30] {Threei}  end of day selling is just for quick scalps

[15:30] {dptl} ah stopped ...offerd ..68 didn;t get it then .67 didn' get it either

[15:32] {dptl} -.05

[15:37] {jfjf64} me again   wfc?

[15:37] {Threei}  I'd like it to retest .50

[15:38] {jfjf64} me too lol

[15:40] {dino} hate to say it but.....dieeeeeeeeeeeeeeeee ccl

[15:40] {Threei}  got it jf?

[15:41] {jfjf64} y

[15:41] {jfjf64} \.49

[15:41] {Threei}  stop .44

[15:41] {Threei}  and if moves, don't oversit it

[15:41] {Threei}  the closer to eod the more nerves

[15:42] {jfjf64} bounce

[15:43] {Threei}  nice jump for you

[15:43] {Threei}  exited?

[15:43] {jfjf64} 0ut.53

[15:43] {jfjf64} ty

[15:44] {Threei}  a bit too stingy... but hey

[15:44] {Threei}  profit is profit

[15:44] {Threei}  .56 was obtainable

[15:44] {nemo} twice is twice

[15:44] {Threei}  FAS...

[15:44] {Threei}  to go one lst time or let it live

[15:44] {Threei}  lol

[15:45] {Threei}  while I was thinking, fingers did it

[15:45] {Threei}  .42 - .46, 2K

[15:45] {Threei}  got partial

[15:45] {Threei}  barely managed to cancel the rest, not to get filled on the way back

[15:45] {nemo} partial on the sell too? :)

[15:45] {Threei}  no, sell in full

[15:49] {Threei}  hectic

[15:50] {Threei}  people are buying NVAX and BCRX for gap

[15:50] {Threei}  assuming that swine flu news bombradment will continue overnight

[15:51] {dptl} have a good evening all

[15:52] {fernp} good evening dp

[15:52] {jfjf64} enjoy

[15:52] {Threei}  take care dp

[15:54] {dino} ccl bstop to .60

[15:54] {dino} stopped/covered +.30

[15:54] {nemo} dino had a good day

[15:55] {dino} lucky 

[15:55] {nemo} you're lucky quite often

[15:56] {dino} hmmmm

[15:56] {nemo} "lucky"

[15:56] {fernp} See u tomorrow. good evening

[15:56] {dino} cya fernp

[15:56] {Threei}  thank you all

[15:56] {Threei}  not very exciting but solid day

[15:56] {larisa} later :)

[15:57] {Threei}  have a good evening, see you tomorrow

[15:57] {nemo} gnite

[15:57] {jfjf64} good day ty

[15:58] {dino} take care all

[15:58] {Threei}  NVAX finishes at high

[15:59] {Threei}  CCL

[15:59] {Threei}  UPDATE: CANCELS THREE STOPS AT MEXICAN PORTS DUE TO SWINE FLU OUTBREAK

[15:59] {Threei}  - the affected ships will remain at sea instead of making port{USD/MXN}