Thursday, May 7, 2009

May 07 2009

This was fun day. Financial sector gave all kinds of plays for all tastes. Whether you are trend or couintertrend trader, scalper or day trader, all the WFCs, BACs and FASs of the world gave you a lot of opportiunities today.                                                                                                                     
Session Time: Thu May 07 00:00:00 2009

[08:02] {magoo} morning
[08:02] {nemo} hey mags
[08:02] {magoo} nemo:)
[08:02] {magoo} anyone have news on VNDA?? $1 uo to $!! 
[08:02] {magoo} $11
[08:03] {Threei}  good morning
[08:03] {magoo} vad:)
[08:03] {nemo} 3i :)
[08:03] {Threei}  05/06/09 06:38pm
[08:03] {Threei}  [VNDA] Vanda Pharmaceuticals Inc Confirms FDA Approves Fanapt for the Treatment of Schizophrenia
[08:03] {Threei}  - The company announced today that the US Food and Drug Administration (FDA) has granted marketing approval of Fanapt(TM) (iloperidone) for the acute treatment of adult patients with schizophrenia.
[08:03] {Threei}  - Vanda plans to make Fanapt(TM) available in pharmacies later this year.
[08:03] {magoo} news on VNDA vad?
[08:03] {magoo} ok ty
[08:03] {nemo} Great...I'll be first in line
[08:04] {magoo} up 1000 %
[08:07] {nemo} Whole market just blowing upwards this is wild
[08:08] {Threei}  05/06/09 10:20pm [BARC.UK] (US) Fed Chairman Bernanke and Treasury Secretary Geithner expected to hold Press Briefing on Stress Test results at 4:15pm ET on Thursday
[08:08] {Threei}  a few upgrades on BAC, 17 and 25 targets
[08:08] {jfjf64} mornin
[08:08] {nemo} where are you jf?
[08:08] {Threei}  jf :)
[08:09] {Threei}  who remembers ENMD?
[08:10] {Threei}  premarket gap from 11 to over 80
[08:10] {jfjf64} wow
[08:12] {Threei}  gaps in financials are unbelieavable
[08:12] {nemo} basic materials companies too
[08:12] {cosmo} nice VNDA heads up yesterday too
[08:12] {nemo} tck continues to fly
[08:13] {magoo} so did it hold 80 or was it a good short?
[08:13] {Threei}  dropped to about 40 in first minutes after open
[08:13] {Threei}  slid ever since
[08:14] {magoo} so in theory this could drop to 5 area
[08:14] {Threei}  not sure how you derive one from another, lol
[08:14] {magoo} psychology
[08:15] {Threei}  VNDA FDA approval
[08:15] {Threei}  ENMD was article in magazine
[08:17] {Threei}  this starts lookking like that same blow-up top in the making
[08:17] {Threei}  financials I mean
[08:17] {nemo} maybe, but a longterm look at charts, they still haven't gotten out of the muck at the bottom
[08:18] {Threei}  they didn't get this low in one swoop
[08:19] {magoo} some talking heads speculate the stress test is the top, as in run up to it, 4:15 tonite its released, mkts begin the LONG AWAITED sell off 
[08:19] {Threei}  they read my memo I see
[08:19] {magoo} lol
[08:19] {nemo} Having said that, first big rally in the depression was 110% from the bottom
[08:20] {Threei}  that's working scenario I described about 10 times over last few weeks :)
[08:20] {nemo} 12 times, but who's counting
[08:24] {magoo} u did?
[08:24] {nemo} Vad, time to change the header message
[08:25] {Threei}  why?
[08:25] {Threei}  I still am on quard about sneezing swines
[08:25] {nemo} yesterday's news
[08:25] {Threei}  guard
[08:25] {Threei}  okay...
[08:26] {Threei}  better?
[08:26] {nemo} inviting politicians to the blog?
[08:27] {Threei}  careful... nseezing swines may get very offended
[08:27] {Threei}  by suich comparison
[08:27] {nemo} I understand
[08:30] {Threei}  *INITIAL JOBLESS CLAIMS: 601K V 635KE
[08:30] {Threei}  CONTINUING CLAIMS: 6.351M V 6.350ME
[08:30] {Threei}  - Prior jobless claims revised from 631K to K
[08:31] {Threei}  *Q1 PRELIMINARY NONFARM PRODUCTIVITY: 0.8% V 0.6%E; UNIT LABOR COSTS: 3.3% V 2.7%E
[08:31] {Threei}  - Prior Nonfarm Productivity revised from -0.4% to -0.6%
[08:31] {Threei}  - No revisions to Prior Unit Labor Costs revised at 5.7%
[08:34] {nemo} wow dow futures up 115
[08:41] {pita} gm all
[08:41] {Threei}  pita :)
[08:48] {patience} gm RT, need coffee...croak
[08:49] {patience} gold futures kicking up over 920....let's see if it can take anothe run up to 1000
[08:49] {Threei}  patience :)
[08:56] {dptl} good morning all
[08:58] {Threei}  dp :)
[08:58] {cosmo} SYMC pre mkt high = 16.40  fwiw
[08:59] {vinod} good morning
[08:59] {Threei}  vinod :)
[08:59] {vinod} even GM is up pre market wow!!!!!!!!
[08:59] {fernp} Hello everybody
[09:02] {Threei}  fern :)
[09:02] {larisa} good morning:) 
[09:03] {dino} gm all
[09:03] {Threei}  larisa, dino :)
[09:04] {chinggis} gm all
[09:04] {cosmo} SYMC: Symantec Survey Reveals Canadian SMBs Are Not Implementing Basic Security Practi
[09:04] {cosmo} ces
[09:05] {magoo} vad, working thesis ?
[09:06] {Threei}  chingis :)
[09:06] {Threei}  two mags
[09:06] {Threei}  one:
[09:07] {Threei}  rally, volatile but relentless, leading up to end of day
[09:07] {Threei}  with test resluts annnounced after market close
[09:07] {Threei}  attracting last crowds
[09:08] {Threei}  and shutting the trap's door
[09:08] {Threei}  another:
[09:08] {cosmo} resluts?
[09:08] {Threei}  stall after this gap and first intitial volatility
[09:08] {Threei}  and useless day within narrow range
[09:12] {ese} good morning
[09:13] {Threei}  ese :)
[09:16] {ese} i see fitb is giving me a lesson in trading psychology this morning........."it's doing the .....if I'd just stayed in.......eventuallly you'd loose everything number".....
[09:17] {Threei}  it's ego talking
[09:17] {Threei}  dismiss it
[09:17] {ese} yup.....
[09:17] {Threei}  it tries to twll you that you could pick exact bottom and exact top
[09:18] {Threei}  Wall Street graveyard is full of tombstones sayong "He tried to get that last 1/8"
[09:18] {ese} one of the biggest things i've learned with you vad.
[09:18] {nemo} what's an 1/8 go for?
[09:19] {ese} your trading account
[09:19] {vinod} nemo what's an 1/8 go for?  one more red line?
[09:19] {Threei}  meaning, last piece of the move
[09:20] {Threei}  just expression from times when market traded in fractions
[09:20] {nemo} oil almost to 58
[09:21] {chinggis} VNDA +9.32, is it shortable Vad?
[09:21] {Threei}  no idea
[09:21] {chinggis} ok
[09:22] {Threei}  VNDA is great stock to lose your shirt on or get rich in one trade
[09:22] {Threei}  roll the dice
[09:22] {cosmo} gee ....VNDA wants 1000%
[09:22] {cosmo} maybe
[09:23] {chinggis} ok ty
[09:25] {dino} hott, ceco, vsec, vnda, symc, dgit
[09:25] {dino} pnra
[09:25] {cosmo} onnn too
[09:27] {dino} enoc
[09:32] {cosmo} onnn tests 6.50
[09:33] {dino} pnra leftovers to .19
[09:33] {Threei}  watching BAC for pullback
[09:34] {dino} out slipped ave .14, +.74
[09:35] {Threei}  wow... no pullbacks
[09:35] {nemo} 2nd scenario comng into play?
[09:35] {Threei}  too early to tell
[09:35] {pita} FITB pullback
[09:36] {Threei}  HIG too
[09:36] {Threei}  prepare half l,ot for HIG
[09:36] {Threei}  dive under .50
[09:36] {dino} dgit whoosh coming
[09:36] {Threei}  BAC finally retreats too
[09:37] {Threei}  14.55 - .60 zone
[09:38] {Threei}  WFC
[09:38] {Threei}  want it around or under 27.50
[09:39] {Threei}  prepare half lot
[09:39] {dino} missed it
[09:39] {Threei}  one more leg down
[09:40] {dino} sm l hott .70
[09:41] {Threei}  .60 break iof never loses .50
[09:41] {Threei}  that was fast
[09:41] {nemo} what stock?
[09:42] {larisa} WFC nemo
[09:42] {Threei}  finally lost .50
[09:42] {nemo} ty
[09:43] {Threei}  not giving clean entry still
[09:45] {dino} hott stopped .48 -.22 bad entry
[09:45] {Threei}  in .03
[09:45] {Threei}  stop under .95
[09:46] {Threei}  no worky
[09:46] {vinod} financial are weaker than at open
[09:46] {Threei}  BAC
[09:46] {dino} dgit lod
[09:46] {Threei}  .60 break long half lot
[09:47] {Threei}  if stays above .45
[09:47] {Threei}  invalidated
[09:48] {Threei}  WQFC next try is coming
[09:48] {Threei}  WFC
[09:48] {Threei}  missed while typed, lol
[09:49] {dino} ugh partyoal fill dgit .55 l
[09:49] {Threei}  no, here it is again
[09:49] {Threei}  in .35
[09:49] {vinod} FAZ  vas  
[09:49] {Threei}  sheesh, stopped
[09:50] {Threei}  all trades half lot for now
[09:50] {nemo} Guess since the stress tests are unofficially out you're getting your sell-off
[09:50] {Threei}  BAC .36 long
[09:50] {Threei}  stop under .25
[09:51] {Threei}  this pullback will be bought, it's not over yet
[09:51] {Threei}  just hard to nail the reversal
[09:51] {dptl} stopped bac
[09:53] {Threei}  BAC .25 long
[09:53] {Threei}  if stays above .15
[09:53] {dptl} in
[09:53] {Threei}  WFC .25 long
[09:54] {Threei}  if stays above .10
[09:54] {Threei}  half out BAC .41
[09:54] {dptl} out bac .36 ty
[09:54] {dino} sm l hott .00
[09:54] {Threei}  half out WFC .42
[09:55] {nemo} out wfc
[09:55] {magoo} out wfc
[09:55] {Threei}  out balance WFC .63
[09:55] {magoo} .48
[09:55] {nemo} ty
[09:55] {magoo} ty
[09:55] {Threei}  welcome
[09:56] {magoo} out bacon .49
[09:56] {magoo} ty
[09:56] {Threei}  out balance BAC
[09:56] {Threei}  .53
[09:56] {nemo} hig vad
[09:56] {Threei}  that was fun
[09:57] {Threei}  took nerves of steel too
[09:57] {nemo} yeah, like flossing with barbed wire
[09:57] {nemo} how's ankle mags?
[09:57] {Threei}  HIG, we are late
[09:57] {Threei}  those two took all attention
[10:00] {ese} whats with the qqqq...definately not following the market
[10:00] {dino} leading maybe
[10:00] {larisa} lol
[10:00] {dino} dgit stop is .43
[10:00] {dino} wierd
[10:00] {Threei}  what do you mean not following.... QQQQ IS the market... NASDAQ at least :)
[10:00] {nemo} musicians
[10:01] {dino} vad getting all technical
[10:01] {ese} ok.....other indexes then
[10:01] {nemo} too late
[10:01] {ese} hey....we approach this creatively ehhhh
[10:01] {dino} hott stop to .40
[10:01] {nemo} :)
[10:01] {dino} :)
[10:01] {dino} symc?
[10:02] {Threei}  first hard pullback is usually bought
[10:02] {ese} in qqqq's?
[10:02] {Threei}  it's being perceieved as second chance by those who missed the move
[10:02] {Threei}  in everything
[10:02] {dino} out hott .40, +.40
[10:02] {Threei}  that was the idea of that pullback-bottom-hunting
[10:02] {ese} nice dino
[10:02] {Threei}  now we need things to stabilize and show us next move
[10:03] {dino} vsec thin
[10:03] {dino} ty
[10:04] {dino} sm l symc .30
[10:06] {Threei}  OK... let's see if WFC gives double bottom
[10:06] {dino} stop is .19
[10:06] {ese} dino where are you in on dgit?....are you Short
[10:06] {dino} want .25 to hold
[10:06] {dino} l ave .70
[10:06] {ese} short?
[10:06] {dino} l=long
[10:07] {dino} in  my mind probabilities say up
[10:07] {dino} time will tell
[10:07] {ese} q's tanking huge
[10:07] {Threei}  no clean indication yet WFC
[10:08] {dino} start respecting 5s and 0s imo, with exp. next week
[10:08] {Threei}  HIG
[10:08] {Threei}  let it drop a bit more
[10:08] {Threei}  prepare half lot
[10:09] {Threei}  not yet...
[10:10] {Threei}  not yet...
[10:10] {dino} symc stopped -.11 will look 50 cent lower
[10:11] {Threei}  come on HIG, drop into .20 - .25 once again
[10:11] {Threei}  and WFC into 26
[10:12] {ese} been scoping WFC most of the morning also vad.....whats your thinking on this again
[10:12] {dino} markets feel fast today
[10:12] {Threei}  missed HIG
[10:13] {Threei}  WFC, either fast drop under 26
[10:13] {Threei}  or stabilization here and break 26.10 for long
[10:13] {Threei}  half lot!
[10:13] {Threei}  don't be a hero
[10:13] {ese} gotcha
[10:13] {Threei}  today's market will leave a lot of dead heroes in its wake
[10:13] {nemo} Billy don't be a hero, don't be a fooool with your liiiiife
[10:13] {nemo} frickin' 70's
[10:14] {ese} eggzactly.....
[10:14] {ese} missed wfc for quick one while typing
[10:15] {ese} am getting this toppy feeling with markets
[10:15] {Threei}  second chance, on .10 re-break
[10:15] {dino} symc sm l .00
[10:15] {Threei}  same condition
[10:16] {chinggis} which stocks vad?
[10:16] {dino} dgit stopped -.20
[10:16] {dptl} in wfc
[10:16] {Threei}  WFC
[10:16] {nemo} oops
[10:16] {ese} damn...too fast
[10:16] {ese} missed it  ^%$
[10:16] {Threei}  get a real broker, will ya
[10:16] {dptl} half out
[10:16] {Threei}  out .33
[10:16] {Threei}  out balance
[10:16] {ese} crap....lokk at it&^%&^
[10:16] {Threei}  .43
[10:16] {dino} rinsed
[10:17] {ese} nice job all
[10:17] {dptl} all out .42 ty
[10:17] {jfjf64} yeah ahh
[10:17] {ese} good call vad
[10:17] {pita} out WFC too soon, but TY
[10:17] {Threei}  ty
[10:17] {Threei}  ese... your cheap broker is cheap for a reason...
[10:17] {chinggis} missed
[10:17] {fernp} missed too
[10:17] {magoo} out .53 TY boss
[10:18] {Threei}  you lose more on missed fills than you gain on flat rate commissions
[10:18] {jfjf64} out  too soon  also   ty    
[10:18] {Threei}  welcome guys
[10:18] {ese} i'll say......
[10:18] {jfjf64} very  nice  work  vad
[10:18] {Threei}  sheesh
[10:19] {Threei}  we will never stop rescue them, will we
[10:19] {dino} apol sm wide l .60
[10:19] {Threei}  crap
[10:19] {Threei}  why did I miss HIG
[10:19] {nemo} patting yourself on the back for wfc?
[10:19] {Threei}  with one hand yes,
[10:20] {Threei}  bit beating yself over the head with another over missed HIG
[10:20] {Threei}  tried to watch both of them and get both entries, and they were a little too fast
[10:20] {nemo} yeah, so how could you type
[10:20] {Threei}  that's not a problem, I type with my elbows
[10:21] {nemo} xplains alot
[10:22] {Threei}  you saw nothing yet... wait till I finish practicing typing with my knees
[10:23] {ese} checking out my financial stock.....i think there all due for a large pullback
[10:23] {ese} stocks plural
[10:23] {Threei}  Obama aide:
[10:23] {Threei}  - To end $26B in oil and gas subsidies, claims programs are unjustified tax loopholes
[10:24] {Threei}  lord, I hope it's English
[10:25] {dino} mygn sm l .00
[10:25] {Threei}  SPPI
[10:26] {pita} WFC bounce off 26 again?
[10:27] {dino} what happened to stanley
[10:28] {dino} vz t drop
[10:28] {ese} could very well go short  at 26 with the pattern it's seting up
[10:28] {ese} straight at 26 with lower highs
[10:28] {ese} bear flag
[10:29] {pita} thanks ese
[10:29] {pita} FAS and QQQQ making new lows
[10:29] {Threei}  trying to gauge it pita, ese
[10:29] {ese} you and i missed the bes play on that one....vad and the boys and girls nailed it
[10:29] {Threei}  lower high on last bounce
[10:33] {larisa} had an order to short CAT at 40.80, stupid WFC took all my attn :)
[10:34] {dino} there are better worlds larisa
[10:34] {Threei}  you made money on WFC?
06[10:34] * nemo slaps dino around a bit with a large copy of Alice in Wonderland
[10:34] {Threei}  lol
[10:34] {larisa} 26.14-26.41, still,  want to have 3d eye :)
[10:35] {dino} stephen king, the gunslinger
[10:35] {Threei}  you read whole thing dino?
[10:35] {Threei}  all 7?
[10:35] {nemo} Or Tale of Two Cities
[10:36] {Threei}  no you don't larisa
[10:36] {jfjf64} drys big sellin
[10:36] {Threei}  it's not pretty...
[10:36] {dino} apol stop to .10
[10:36] {Threei}  people tend to stare
[10:36] {dino} yes i did
[10:36] {Threei}  kids run scared
[10:36] {Threei}  cool :)
[10:36] {Threei}  loved the series
[10:36] {dino} took me a winter
[10:36] {Threei}  hehe, same here
[10:37] {Threei}  I even had a blog post with analogy
[10:37] {Threei}  lemme dig it out
[10:37] {dino} to .30 apol
[10:37] {Threei}
[10:37] {dino} out apol .34, +.74
[10:38] {larisa} gj
[10:38] {Threei}  you'll remember the quote dino
[10:39] {Threei}  "First smiles. Then lies. Last comes gunfire"
[10:39] {ese} short fitb .93
[10:39] {dino} yes, but the kid when he falls says"there are better worlds than these"
[10:39] {dino} ty larisa
[10:39] {dino} substitute stocks for worlds same idea
[10:40] {Threei}  read the post, you'll like it
[10:40] {ese} small by the way.......this is a stretch for me 
[10:40] {nemo} what stop ese?
[10:40] {ese} .10
[10:41] {ese} .90 is the day low
[10:41] {nemo} yeah, but you're shorting right?
[10:41] {ese} should go to .40/.50 if it goes through
[10:41] {dino} i did, yes same idea
[10:42] {ese} 1 lot by the way
[10:42] {nemo} 10k
[10:42] {ese} no 1 lot
[10:42] {nemo} thought that was one of your lots
[10:43] {Threei}  Prez on TV
[10:43] {ese} lol
[10:44] {Threei}  CAT is shovel... err, bounce ready
[10:44] {Threei}  .60 break
[10:45] {Threei}  for scalpers stop under .50, for dsay trade under .40
[10:45] {larisa} it is playing with yest lows too, so careful
[10:45] {dptl} in cat
[10:46] {ese} covered .86 + .07
[10:46] {ese} weird feeliing......
[10:47] {magoo} thats what i said to my proctologist
[10:47] {ese} have to get used o this......dino don't know how you do it ......yet
[10:47] {Threei}  rofl
[10:47] {ese} ha ha .....ha ha
[10:48] {Threei}  this is good way to get used to it ese
[10:48] {Threei}  start small
[10:48] {Threei}  taske qwuick profits
[10:48] {Threei}  not so much for profit
[10:48] {Threei}  as to practice shorting
[10:48] {Threei}  get used to the concept
[10:48] {ese} definately
[10:48] {ese} i'll take the $70
[10:48] {dptl} out cat +.10 ty
[10:48] {Threei}  1:12 for scalpers
[10:48] {larisa} :)
[10:48] {dino} es, up/down, whats the difference
[10:48] {Threei}  1:1, lol
[10:49] {dino} magoo and i had fun shorting csco last night
[10:49] {jfjf64} ty 
[10:49] {pita} I need a few 1:12's please
[10:49] {ese} the way you watch the quotes dino
[10:50] {Threei}  who tells me what the play was based on?
[10:50] {Threei}  lol pita
[10:50] {ese} not used to it
[10:50] {magoo} there news AAPL?
[10:50] {Threei}  1:1 for daytraders
[10:50] {nemo} support from yesterday
[10:50] {dino} keep it simple es, your gut will tell you, you've been around long enough
[10:50] {Threei} 
[10:50] {Threei}  05/07/09 10:22am
[10:50] {Threei}  [AAPL] Apple Inc Chatter AT&T is considering cutting prices on monthly services plans for iPhones -
[10:50] {Threei}  - Rumors circulating AT&T could lower entry level prices for iPhone service plans to $59 from $69 currently
[10:51] {dino} bwld
[10:52] {Threei}  support from yest on daily, level of interest
[10:52] {Threei}  on intraday chart, what kind of formation and entry?
[10:53] {Threei}  you guys are so lazy
[10:53] {Threei}  even lazier than I am
[10:53] {Threei}  and I thought it was impossible
[10:53] {fernp} CAT? double bottom
[10:53] {nemo} higher low with movement of bars within bollinger bands and volume spikes on the two lowest bars
[10:53] {Threei}  beautiful, ty
[10:53] {Threei}  double bottom, second on is on lower volume,
[10:54] {Threei}  first one is punching outside of BBs,
[10:54] {Threei}  second one is contained within,
[10:54] {dino} pnra sm l .48
[10:54] {Threei}  semi-aggressive entry near the support ol second bottom
[10:55] {Threei}  gunslinger play...
[10:55] {Threei}  recognizable situation, automatic reaction
[10:55] {magoo} huh?
[10:55] {magoo} whats the call?
[10:55] {Threei}  lol
[10:55] {nemo} instinct shooting...don't use sights
[10:55] {Threei}  good morning magoo
[10:55] {nemo} must be surfin' the net
[10:56] {Threei}  or that ankle stuff
[10:56] {magoo} dude..i got 1k focused over here
[10:56] {magoo} but i heard guns
[10:56] {dino} celg
[10:58] {magoo} trying to let "winner ..WIN"
[10:59] {magoo} ok..out 29.29
[11:00] {magoo} +.65
[11:01] {chinggis} gj mag
[11:01] {magoo} bummed tho..i want to catch a real move
[11:01] {magoo} thought it had more
[11:02] {dino} protect profits magoo
[11:03] {magoo} cant ever get the BIG one anymore
[11:04] {dino} bwld sm l .15
[11:04] {nemo} cat short?
[11:05] {nemo} yup.damn
[11:10] {larisa} had to take out bunch of 38s stops :)
[11:11] {Threei}  BAC
[11:11] {Threei}  watching for bounce
[11:13] {magoo} vad, wfc.jpm..crushed 
[11:13] {Threei}  .10 break long if holding 14
[11:13] {magoo} bac should lose 14
[11:13] {magoo} im sh .10
[11:14] {Threei}  what a trap that morning gap was eh?
[11:14] {pita} yikes BAC
[11:14] {vinod} look at gs it going down
[11:15] {vinod} look like 300 pont down day?
[11:15] {Threei}  [08:17] {Threei} this starts lookking like that same blow-up top in the making
[11:15] {Threei}  [08:17] {Threei} financials I mean
[11:15] {nemo} See Vad, you were wrong again!  The trap closed BEFORE the stress tests came out...sheeesh
[11:15] {magoo} covered .82 TY vad
[11:15] {Threei}  .86 long BAC
[11:15] {Threei}  if syas above .75
06[11:15] * nemo slaps nemo around a bit with a large 2X4
[11:15] {vinod} vad- you are absolutly correct market will go down after stress test
[11:16] {Threei}  may give one more runup, vinod
[11:16] {Threei}  to make the trap complete
[11:16] {Threei}  out half BAC
[11:16] {fernp} out ty
[11:17] {jfjf64} ty ty   
[11:17] {pita} ty
[11:17] {vinod} in.86 out .96
[11:17] {Threei}  offering 14.05
[11:17] {vinod} ty vad
[11:17] {magoo} nice vad..we both right
[11:18] {Threei}  yeah but some are rightier than others
[11:18] {Threei}  out second half
[11:18] {pita} somebody beat me up.  Too often sell winners early and hold losers too long.
[11:18] {Threei}  nice and easy
[11:18] {nemo} you're a lefty now with all those dislocations
06[11:18] * nemo slaps pita around a bit with a large down pillow
[11:18] {pita} ty memo
[11:19] {pita} still a nice day
[11:19] {vinod} see you after 1.30
[11:19] {Threei}  selling winners too early can be sin or not, it depends
[11:20] {Threei}  but holding losers after stop is hit is SIN
[11:20] {pita} I sin too much
[11:20] {Threei}  sin no more
[11:20] {pita} yes lord
[11:20] {jfjf64} ditto
[11:20] {Threei}  if there is one thing in trading that WILL kill you, no ifs and buts,
[11:20] {pita} I tell myself that often
[11:21] {Threei}  it's blown stops
[11:21] {pita} want my testimonial?
[11:21] {nemo} confession?
[11:21] {pita} lol
[11:21] {nemo} kneel to the Vader
[11:21] {nemo} aapl mags
[11:22] {magoo} im long .48 DANGEROUS
[11:28] {pita} gotta go, happy hunting everyone.....
[11:28] {Threei}  take care pita
[11:30] {dino} txn l .39
[11:31] {magoo} waiting exit aapl .07
[11:33] {Threei}  wtg
[11:33] {nemo} kewl
[11:33] {magoo} 2 for 2 aapl...never happens :)
[11:33] {Threei}  BAC
[11:33] {Threei}  14 break long
[11:34] {nemo} missed
[11:34] {dptl} in
[11:34] {magoo} in
[11:34] {nemo} in
[11:35] {Threei}  half out or scalp above .10, your decision
[11:35] {nemo} out
[11:35] {dptl} out
[11:36] {dptl} ty
[11:36] {Threei}  who kept half, feel free to get out here
[11:36] {nemo} now doesn't dp feel like an idiot :)
[11:36] {chinggis} out ty
[11:36] {magoo} out .22 BAC
[11:36] {magoo} ty vad
06[11:36] * nemo feels like an idiot
[11:36] {Threei}  welcome
[11:36] {magoo} in wfc with it
[11:36] {dptl} lol nemo.....
[11:36] {magoo} retro call off yours 
[11:36] {magoo} .15
[11:37] {magoo} out that .34
[11:37] {magoo} ty boss
[11:37] {magoo} and jpm off your bac .61
[11:37] {jfjf64} ty
[11:37] {magoo} out .84 there THANX vad..
[11:37] {Threei}  welcome guys
[11:37] {Threei}  triple welcome magoo
[11:38] {nemo} mags, should break your ankle more often
[11:38] {magoo} just took them all off your read BAC
[11:40] {Threei}  I think (and yes, it hurts), we are going to see one more insanely looking run up
[11:40] {Threei}  the trap for stress test buyers is not completed yet
[11:40] {nemo} Well, if you stood up and took pressure off your brain, it wouldn't hurt so much
[11:40] {Threei}  they must be lured in
[11:40] {Threei}  set up and killed
[11:40] {nemo} dismembered
[11:40] {nemo} disembowled
[11:40] {nemo} castrated
[11:41] {nemo} piked
[11:41] {nemo} crucified
[11:41] {Threei}  someone give Prozac to this man
[11:41] {dino}  i agree 3i, the gig is up soon
[11:41] {nemo} stream of consciousness
[11:41] {dino} past rallies since sept have been roughly 2000 dji points
[11:41] {Threei}  ummm... I'd rather call it UNconsciousness
[11:42] {nemo} yeah, that stuff comes out of me in zen
[11:42] {dino} most likely on s/p 950 top
[11:42] {dino} mygn stop to .30
[11:44] {Threei}  let's see if we get nice clean consolidation and break on WFC
[11:44] {Threei}  break naturally would be .50
[11:45] {Threei}  support fgor consolidation range is what we need
[11:45] {Threei}  so far too deep pullback
[11:45] {Threei}  next support is .20,
[11:45] {dino} out mygn .37, +.37
[11:45] {Threei}  so let's go with mini-range scenario
[11:45] {Threei}  dive under .30, holding above .20
[11:46] {Threei}  then break of .30
[11:46] {magoo} in .33
[11:46] {dino} celg tempting
[11:47] {Threei}  forms minirange .30 - .40
[11:47] {nemo} short dino?
[11:47] {dino} y
[11:47] {dino} not yet want one more pop up
[11:47] {dino} unless .50 breaks
[11:48] {Threei}  with that aggressive entry, I'd keep stop under .30, magoo... offer half above .40
[11:48] {dino} no, lets wait for pop
[11:50] {magoo} which vad lol
[11:51] {nemo} pop dino
[11:51] {jfjf64} what  the call boss
[11:51] {Threei}  non yet
[11:51] {Threei}  unclear
[11:51] {jfjf64} ty
[11:52] {nemo} frickin' lunch
[11:52] {Threei}  we need clear range,
[11:52] {Threei}  and .40 is pretty much defined as upper limit
[11:52] {Threei}  lower is a bit fuzzy
[11:52] {Threei}  so far is .25 instead of .30
[11:53] {Threei}  if you are OK with the stop under that, take this break
[11:55] {dino} idcc
[11:56] {dino} txn stop to .51
[11:57] {nemo} funny...I see idcc, ad I'm thinking dcc and I don't see a name...where's that prozac?
[11:57] {Threei}  not holding support
[11:57] {magoo} yup out
[11:57] {magoo} may setup again
[11:58] {magoo} grrrr
[11:58] {dino} to .57
[11:58] {Threei}  lunch mags
[11:58] {Threei}  lt's wait it out
[11:59] {nemo} celg dino, getting there
[11:59] {magoo} k
[12:01] {dptl} finishing early today....ty, and have a good rest of the day all :)
[12:01] {Threei}  take care dp
[12:02] {magoo} c u dp
[12:02] {dino} to .61
[12:03] {nemo} damn, missed celg
[12:04] {dino} out txn .61, +.22
[12:04] {magoo} PRU up 8 bux vad
[12:05] {Threei}  argh
[12:05] {Threei}  watched VNDA for 8.50 break short and missed
[12:05] {nemo} was it shortable?
[12:05] {dino} .75 area nemo
[12:05] {Threei}  yes
[12:06] {dino} i was too high 42.40
[12:06] {nemo} I was looking for cross below .50
[12:07] {dino} bwld whooshed stopped
[12:07] {magoo} vad u reading PRU?
[12:08] {nemo} you shorted @.75 dino?
[12:08] {Threei}  looks double-toppy
[12:08] {nemo} PRU might be topping
[12:08] {nemo} damn scary vad
[12:08] {Threei}  just a bot too volatile for exact call mags
[12:08] {Threei}  fuzzy area instead
[12:09] {nemo} you talking about me again vad: {&Threei} fuzzy area instead
[12:09] {dino} idcc sm s .11, stop .31
[12:10] {dino} no nemo, i am waiting there, was at .40 above
[12:10] {magoo} sh pru .76
[12:13] {dino} nice entry magoo
[12:15] {Threei}  one thing is what you want... another is what you need, and that's Prozac
[12:15] {dino} you should hear him
[12:15] {nemo} Can't always get what you waaaaanttttt
[12:16] {Threei}  no, I am fine not hearing that, thank you
[12:16] {nemo} stodgy
[12:17] {magoo} wROJR;JOFDJ;LJ;LJ;AO
[12:17] {nemo} dino-go check on mags
[12:17] {magoo} full boat
[12:17] {jfjf64} you go  magoooooooo
[12:18] {Threei}  is that a ceisure?
[12:18] {nemo} seizure
[12:18] {Threei}  that too
[12:18] {nemo} posession I think
[12:18] {nemo} go hold a mirror in front of his face see if there's a reflection
[12:18] {dino} lol
[12:19] {nemo} I saw it but chickened out...don't tell dp
06[12:19] * magoo slaps nemo around a bit with a large trout
[12:19] {magoo} i want morrrrrrrrrrrrrrrrrreeeeeeeeeeee
[12:19] {Threei}  whew... can I uncover my ears yet?
[12:19] {nemo} take it mags you're in support
[12:20] {magoo} u dont understyand nemo :)
[12:20] {dino} hard bstop it magoo
[12:20] {nemo} psychotic behavior?  I wrote the book
[12:20] {nemo} Can't save him from himself Dino
[12:21] {nemo} or at least I was the subject
[12:22] {dino} live by the sword....
[12:22] {nemo} Cmon Mags
[12:23] {nemo} we need to be able to yell at you about obscene profits
[12:23] {magoo} covered over point
[12:23] {magoo} TY VAD
[12:23] {nemo} wtg
[12:23] {dino} gj
[12:23] {patience} nice magoo
[12:23] {magoo} kinda bummed though...i cant ..i say i can not get a RIPPPPPPPPPPPPPPP
[12:23] {jfjf64} gj
06[12:24] * nemo plays mags a sad song on a violin
[12:24] {Threei}  probably time for financials reversal
[12:24] {Threei}  let's try to get FAS closer to 11 on pullback
[12:24] {dino} up we go for 20
[12:24] {Threei}  WFC under .30
[12:25] {Threei}  FAS first strength from here if holding above .95
[12:26] {Threei}  in
[12:27] {Threei}  in WFC
[12:27] {Threei}  stop under .15
[12:29] {dino} dieeeeeeeeeeeeeeeee idcc
[12:30] {dino} rimm lod
[12:30] {dino} 70 strike by the 15th
[12:33] {nemo} mags, watching pru again
[12:34] {magoo} yea
[12:34] {magoo} rather seea pop uopward
[12:34] {nemo} gettin it
[12:34] {magoo} if if mkt tanks lateriitcould be great short
[12:34] {nemo} maybe setting a dbi
[12:35] {magoo} not here imo
[12:35] {nemo} maybe you'll get $2 out of it today
[12:35] {magoo} lets wait
[12:35] {magoo} want 4 lol
[12:35] {nemo} not surprised
[12:36] {magoo} does this surprise u..................
[12:36] {nemo} duck
06[12:36] * magoo slaps nemo around a bit with a large trout
[12:37] {dino} idcc to .12 stuck
[12:38] {dino} nemo celg
[12:38] {dino} going thru .00 imo
[12:40] {Threei}  half out FAS
[12:41] {nemo} out wfc ty
[12:41] {dino} idcc cov., -.03
[12:41] {Threei}  welcome
[12:41] {Threei}  I'll try to get something out of it
[12:41] {Threei}  held the stop level with remarkable pfrecision
[12:42] {magoo} pfrecision...UHU?
[12:42] {ese} signing off for the day all....see ya much stuff to deal with
[12:42] {nemo} circumcision
[12:42] {Threei}  1/4 more out FAS .18
[12:42] {Threei}  take care ese
[12:42] {dino} cya es
[12:42] {Threei}  half out WFC
[12:42] {ese} c ya
[12:42] {Threei}  .40
[12:42] {dino} foods moving up, mcd, bwld, pnra
[12:43] {magoo} out wfc .41
[12:43] {magoo} TY BOSS
[12:44] {magoo} this i pain in ass thanking u all day her he
[12:44] {Threei}  I am sorry mags
[12:44] {dino} like reading code
[12:44] {Threei}  I can ease your pain by calling losing trades only
[12:44] {magoo} :)
[12:47] {nemo} qqqq's look like catfish swimming the bottom
[12:47] {dino} ok 20 over back down
[12:47] {jfjf64} question  wfc   .40 key # today  on chart
[12:48] {magoo} nemo, dcc 
[12:49] {Threei}  sorry jf... what's the question?
[12:49] {dino} celg sm s .60, stop hodwrls blood last two days
[12:49] {nemo} Hey, Laserbrain hasn't made an appearance yet?
[12:50] {nemo} Wonder where he is today?  Whoa CELG!
[12:50] {jfjf64} its been  hittin off 25.40    is  that key  to  look for   break
06[12:51] * magoo slaps laserdave around a bit with a large trout
06[12:51] * magoo slaps laserdave around a bit with a large trout
06[12:51] * magoo slaps laserdave around a bit with a large trout
[12:51] {Threei}  I am not delighted by that idea because it pulls back way too far from there
[12:51] {Threei}  range is too wide for me to enter bnreak comfortably
[12:51] {Threei}  so I prefer entries closer to lower end if the range
[12:52] {jfjf64} understood ty
[12:53] {nemo} RIMM slip slidin' away today
[12:55] {dino} celg stopped -.40
[13:01] {dino} wrld sm l .51
[13:02] {dino} april gap fill?
[13:02] {dino} celg rinsed
[13:03] {dino} lots of rinses today yesterday
[13:03] {magoo} missed PRU
[13:04] {magoo} 43.40 was short setup
[13:05] {dino} out wrld .20, +.69
[13:13] {dino} wrld v sm .00 l
[13:16] {magoo} BAC vad
[13:17] {dino} stop to .50
[13:17] {Threei}  this is what sent financials down:
[13:17] {Threei}  - indirect bidders take 33% of competitive bids
[13:17] {Threei}  - bonds draw 4.288%, 57.1% alloted at high{TLT}
[13:18] {dino} out ave .47,+.47
[13:20] {Threei}  okay... BAC pullback closer to .40 for entry
[13:21] {Threei}  and FAS around 55
[13:21] {dino} that wrld is a crazy one
[13:22] {Threei}  in both
[13:22] {Threei}  .43 BAC, .56 FAS
[13:22] {Threei}  stops under day low
[13:25] {Threei}  no wrky
[13:25] {fernp} stopped
[13:28] {dino} ok sm wrld .50 l
[13:32] {dino} stopped -.33
[13:45] {jfjf64} zzzzzzzzz
[13:47] {jfjf64} ya  ther anyone   or im i off server
[13:48] {nemo} no
[13:48] {jfjf64} ty
[13:48] {Threei}  now nemo... why woluld you do that
[13:48] {nemo} do what?
[13:48] {Threei}  since wehn we are making anyone feel good here
[13:48] {nemo} I said, "no"
[13:49] {nemo} and I didn't say, "you're welcome"
[13:49] {Threei}  if you guys intend to turn in warm and fuzzy fiends group-hugging trice a day, Iam ouuta here
[13:49] {Threei}  correct answer is:
[13:49] {Threei}  yes, you are off the server, and no, we are not sorry about that
[13:49] {dino} bwld sm l .00
[13:49] {larisa} leave jf alone, i liked his DRYS alert this morning!
[13:50] {Threei}  there... one more defendent of warm and fuzzy
[13:50] {jfjf64} ty
[13:50] {Threei}  defender?
[13:50] {nemo} Larisa...whaddya' expect?
[13:50] {larisa} lol
[13:51] {Threei}  and you jf... shame on you, I'd expect you to feel better among rude unwashed that amonth bleeding heart intellectuals
[13:51] {Threei}  that = than
[13:51] {jfjf64} on  that  note  larrissa  look at  lvs
[13:51] {nemo} frickin' Harvard commie Cambridge bastards
[13:51] {jfjf64} lol  vad
[13:53] {nemo} little late on that one jf
[13:54] {larisa} no he was not
[13:55] {jfjf64} ty larrissa
[13:55] {nemo} Vad, think the financials might be warming up?
[13:57] {nemo} from a "short" point of view Larry
[13:57] {dino} some serious pullbacks
[13:58] {larisa} LVS got .15 very nice trend exhaustion jf.. ty
[13:58] {Threei}  they are trying...
[13:58] {dino} ebix
[13:58] {Threei}  not sure if that's it or they need a bit more time
[13:59] {nemo} yeah, or do the traders come back for lunch and commence selling
[13:59] {Threei}  that would be about now
[13:59] {Threei}  and they seem to rather buy
[14:01] {Threei}  if you feel it's time to try
[14:01] {Threei}  BAC .10 break if stays abve 13
[14:01] {dino} wrld bottomed
[14:01] {Threei}  FAS about here with stop under .30
[14:01] {nemo} needs fas?
[14:05] {magoo} aapl held that welkl
[14:06] {magoo} long .40
[14:06] {magoo} stop.89
[14:08] {magoo} better aapl stop is .14
[14:09] {Threei}  if took FAS, start partialling out
[14:09] {Threei}  same for BAC
[14:12] {magoo} my aapl trade is based on a mkt if no bounce..get out
[14:12] {nemo} bouncing off the ceiling?
[14:14] {Threei}  {XLF}
[14:15] {magoo} out aapl no gop
[14:15] {nemo} volume drops on pru magoo  :)
[14:16] {wulff} Think we can get a RIMM pop?
[14:21] {Threei}  trial?
[14:28] {nemo} market strengthening
[14:28] {nemo} ?
[14:28] {magoo} blair witch project?
[14:28] {Threei}  mostly finnies
[14:28] {Threei}  the rest is not really
[14:28] {Threei}  not yet
[14:28] {nemo} spy and qs alittle
[14:30] {nemo} funny mags...seen her picture?
[14:33] {dino} bwld stop to .39
[14:34] {dino} out slip .35, +.35
[14:35] {Threei}  this BAC pullback should be worth trying
[14:36] {nemo} everyting is going south
[14:38] {Threei}  hmm?
[14:38] {Threei}  from who?
[14:38] {nemo} Visa or Mastercard?
[14:41] {nemo} mags you short pru further?
[14:42] {magoo} real setup
[14:44] {nemo} what about that lower high @43?
[14:44] {magoo} just my opinion
[14:44] {nemo} just askin?
[14:44] {magoo} not convinced its done
[14:45] {larisa} cmon market, lets do complete reversal into the close and confuse everybody! :)
[14:45] {nemo} Larry!
[14:45] {larisa} lol
[14:45] {Threei}  that's what seems to me the way to confuse most larisa
[14:45] {nemo} I'm confused ENOUGH!!
[14:45] {Threei}  thus it's what market ought to do
[14:46] {nemo} so, the market thinks like a woman?  No wonder I have no clue...
06[14:47] * larisa slaps nemo around a bit with a large trout
[14:47] {nemo} trouting me is doubly's fratricide.
[14:48] {dino} lol
[14:49] {dino} sm wrld .51 l
[14:50] {fernp} good evening all. see u tomorrow
[14:50] {nemo} nite
[14:50] {Threei}  take care fern
[14:55] {dino} cya ferp
[14:59] {wulff} market aint got no mojo
[15:00] {Threei}  MAR CONSUMER CREDIT: -$11.1B V -$4BE
[15:00] {Threei}  - prior revised from -$7.5B to -$8.1B
[15:00] {nemo} whoa
[15:02] {dino} out wrld .18, +.67
[15:02] {dino} brb
[15:02] {larisa} nice
[15:08] {Threei}  okay... decision time for the markety
[15:08] {Threei}  I still think rally into close
[15:08] {Threei}  you disagree, just stay away
[15:09] {Threei}  willing to try, let's hunt
[15:09] {dino} disagree
[15:09] {jfjf64} i  lk  that vad
[15:09] {dino} up then down to new lows
[15:09] {larisa} :)
[15:10] {dino} and ty larisa
[15:10] {Threei}  FAS still holding above 10
[15:10] {magoo} if so vad..spy candidate
[15:10] {dino} ebix
[15:11] {Threei}  just take half lot FAS as close to 10 as you are comfortable, and keeop stop rifght under it
[15:13] {dino} clmt
[15:14] {dino} lod
[15:14] {dino} eqix too
[15:16] {wulff} in .06
[15:17] {dino} ebix sm l .60
[15:19] {Threei}  half out FAS
[15:19] {wulff} scalp
[15:19] {Threei}  ofering 1/4 more .25
[15:20] {wulff} LAter dudes and dudettes
[15:20] {Threei}  take care wulff
[15:20] {Threei}  wait!!
[15:20] {Threei}  see my .25 getting hit
[15:20] {Threei}  now go :)
[15:21] {Threei}  offering last portion .45
[15:21] {wulff} apparently scalp was too hasty
[15:21] {nemo} I'm off see ya mornin'
[15:21] {Threei}  out .45
[15:21] {dino} ok to -90 then drop
[15:22] {dino} cya nemo
[15:22] {magoo} nice vad {but not thankin u he he}
[15:22] {Threei}  that's 'cause you didn't trust i my rally
[15:22] {Threei}  if you did, you'd have gottent 40 cents out of this one
[15:22] {magoo} I DID
[15:22] {Threei}  but nooo... no one believes me...
[15:22] {magoo} plus wfc .35 to ./64
[15:23] {Threei}  who was that... "can't get any respect"
[15:23] {Threei}  forgot the name
[15:23] {magoo} magoo?
[15:23] {magoo} mags?
[15:23] {Threei}  lol
[15:23] {magoo} goober?
[15:23] {Threei}  dangerfield
[15:23] {Threei}  rogerfield
[15:23] {dino} darn bwld hit stop and went 70 more
[15:25] {jfjf64} vad got his  groove on   ty
[15:26] {Threei}  you did the trade jf?
[15:26] {jfjf64} y
[15:26] {Threei}  cool beans
[15:26] {jfjf64} fas .08
[15:27] {magoo} how come u dont care if magoo did? :)
[15:27] {jfjf64} to .22
[15:27] {Threei}  ummm
[15:28] {Threei}  I care mags
[15:28] {Threei}  but I mask it
[15:28] {dino} clmt l .10, stop .98
[15:28] {Threei}  I can't risk my reputation of heartless bastard
[15:28] {Threei}  I built it over so many years
[15:29] {Threei}  and you with your broken ankle is exactly the subject I should be kicking and punching. before you got better
[15:29] {dino} inbalances are buy side fwiw
[15:29] {Threei}  how about finnies?
[15:29] {magoo} specifically finnies
[15:29] {magoo} 'bac wfc
[15:29] {dino} yes
[15:29] {jfjf64} how bout  
[15:29] {Threei}  yeah, that was rhetoric question
[15:30] {Threei}  how about those finnies
[15:30] {Threei}  told ya, rally last hour
[15:30] {magoo} havent rallied yet boss
[15:30] {dino} ugh wrld
[15:30] {Threei}  BAC almost a dollar
[15:30] {magoo} true
[15:30] {Threei}  FAS about 60 cents
[15:30] {jfjf64} comon pullback kid
[15:30] {magoo} so u meant finnie
[15:31] {Threei}  it's BANK stress tests results today mags
[15:31] {Threei}  finnies is where th trap is
[15:31] {Threei}  - Requires lenders to be licensed and seeks national standards for home mortgage lending{XHB XLF}
[15:32] {dino} here come thev new lows
[15:32] {jfjf64} pru
[15:35] {dino} switched to sell side
[15:35] {magoo} the games :(
[15:35] {Threei}  BAC
[15:35] {Threei}  nice pullback watching for bounce again
[15:35] {magoo} trickery in the pits
[15:36] {Threei}  in
[15:36] {Threei}  .52
[15:36] {Threei}  stop under .45
[15:37] {Threei}  funny jumps
[15:38] {Threei}  out .51
[15:38] {Threei}  shrug
[15:39] {magoo} the foolery in the pits
[15:40] {Threei}  second attempt
[15:41] {Threei}  .51 in
[15:41] {Threei}  offering above .60
[15:41] {Threei}  out
[15:43] {dino} out clmt .24, +.14
[15:43] {magoo} out
[15:43] {magoo} dammmit..ok..THANK u vad
[15:44] {Threei}  tough job eh mags?
[15:45] {magoo} ive had worse he he
[15:45] {magoo} but i do not recall; having to say it so mucxh and so often 
[15:45] {magoo} NICE work..u da man
[15:46] {Threei}  I am sure.. last person trying to call me da woman is buried on another continent
[15:46] {dino} eqix sm l .00
[15:47] {magoo} in tundra i bet
[15:50] {dino} out eqix .40, +.40
06[15:51] * magoo slaps dino around a bit with a large trout
[15:51] {dino} ebix to .38 stuck
[15:51] {dino} lol magoo
[15:52] {dino} tyhese are the markets i like, chaos
[15:52] {Threei}  not sure I have partience to sit and wait an hour for stress test results
[15:52] {dino} baseball, no can do, gotta hop at 4
[15:52] {Threei}  if I don't fall asleep, don't have anything better to do etc, may get back to comoutrer in an hour
[15:53] {Threei}  outta be fun
[15:53] {dino} to .45
[15:53] {Threei}  kay guys, thank you all
[15:54] {Threei}  have a good evening, see you tomorrow
[15:54] {larisa} later :)
[15:54] {dino} u2 vad
[15:54] {dino} thc
[15:54] {magoo} bye vad:)
[15:54] {patience} thanks vad
[15:54] {jfjf64} good night lot of fun  today    $$   lol
[15:54] {jfjf64} bac
[15:55] {dino} gj jf
[15:55] {dino} well i was backwards, new lows now -90
06[15:56] * Threei drums his chest
[15:57] {Threei}  {XLF}
[15:57] {Threei}  wth does it even mean
[15:58] {Threei}  or to keep in tune with Stewie theme I should have said wtd
[15:58] {dino} out ebix .50 -.10
[15:59] {dino} lol
[16:01] {dino} thx all gn