May 11 2009

Quiet day. Nice opening with a few strong trades, then long period of stall with two stops. Not much excitment.

Session Time: Mon May 11 00:00:00 2009

[07:58] {magoo} morning

[07:59] {nemo} is it? :)

[07:59] {magoo} yup

[08:07] {Threei}  I'll have to confirm the astute observation by magoo - it IS morning

[08:07] {Threei}  05/09/09 05:01pm

[08:07] {Threei}  Govt promises US stress tested banks they may not have to raise the $74.6B of fresh capital mandated - FT citing sources

[08:07] {Threei}  - FT reports bank sources say that the govt has given quiet assurances that the banks can offset some of the $74.6B in mandated capital raise """"""""if earnings over the next six months outstrip regulators' forecasts."""""""" 10 of the 19 stress testd banks are required to raise capital, but were privately told that if operating profits in Q2 and Q3 are better than the stress test forecast, they will receive credit for the difference, thus reducing the need for raising capital from share issues or asset sales. The banks will still be required to submit capital raising plans for the full amount required within 28 days, and will not be allowed to assume earnings will surpass the stress scenario. A Fed official declined to comment on the report that the 10 banks would be able to get credit for exceeding earnings projections.

[08:07] {nemo} not in Australia

[08:07] {nemo} Well, that's a given...buy banks

[08:08] {Threei}  look at FITB

[08:08] {nemo} Is it at 20 yet

[08:08] {Threei}  and HBAN

[08:15] {Threei}  (US) FHA DIRECTOR LOCKHART: POSITIVE SIGNS EMERGING IN REAL ESTATE

[08:15] {Threei}  {FRE FNM SHY }

[08:15] {nemo} What?  They've stopped bulldozing unfinished homes?

[08:21] {magoo} wwwwwaaaaaaaaazzzzzzzzuuuuuuuuuppppppppppp vad?

[08:21] {Threei}  nothing much... how's yor ankle?

[08:22] {magoo} same..ty

[08:30] {magoo} see anything pre mkt vad?

[08:30] {Threei}  FITB, HBAN, FAZ

[08:38] {pita} morning all

[08:38] {Threei}  pita :)

[08:42] {larisa} good morning :)

[08:42] {Threei}  larisa :)

[08:47] {dino} gm all

[08:48] {Threei}  dino :)

[08:48] {nemo} dino :)

[08:48] {dino} cf bid increased to 85; 40 in cash

[08:48] {dptl} good morning all

[08:49] {Threei}  dp :)

[08:53] {fernp} good morning everybody

[08:53] {Threei}  fern :)

[08:57] {Threei}  AIG

[08:57] {Threei}  REPORTEDLY REACHES AGREEMENT TO SELL TOKYO HEADQUARTERS TO NIPPON LIFE FOR APPROXIMATELY $1.2B

[08:57] {Threei}  - Note: Back on May 4, it was reported that the co. was near an agreement to sell HQ in Japan for about $1B - WSJ

[09:07] {ese} good morning

[09:07] {Threei}  ese :)

[09:07] {nemo} ese :)

[09:11] {patience} good morning RT  :)

[09:12] {ese} well.....whats lookin good

[09:12] {Threei}  patience :)

[09:12] {ese} well....whats looking good

[09:12] {ese} patience is looking good

[09:13] {Threei}  FITB pulled back into close

[09:13] {ese} ahhhhhh  ha

[09:13] {cosmo} ANDS?

[09:13] {vinod} good morning

[09:13] {Threei}  vinod :)

[09:13] {Threei}  06:38am [ANDS] ThinkPanmure Raised ANDS to Buy from Accumulate, price target: $6

[09:14] {cosmo} thx:)

[09:16] {Threei}  premarket gamblers may try FITB .60 break if stays above .50

[09:16] {ese} gotta figure fitb has topped a little

[09:17] {cosmo} ANDS pre mkt high = 2.55 fwiw

[09:17] {Threei}  went to 9.2 earlier ese

[09:17] {Threei}  so there should be a bounce somewhere

[09:17] {nemo} it's that "somewhere" that has me concerned :)

[09:17] {cosmo} at the bank, maybe?

[09:20] {chinggis} gm all

[09:21] {Threei}  chingggis :)

[09:22] {pita} do you see a premkt C&H on DRYS?  thoughts?

[09:22] {dino} i think drys is issuing more shares

[09:23] {nemo} yep

[09:23] {nemo} lots

[09:24] {jfjf64} mornin all

[09:24] {Threei}  jf :)

[09:30] {patience} ese, please see dcc

[09:30] {Threei}  FITB, watching for pullback again

[09:31] {magoo} wow

[09:32] {Threei}  a bit too hectic at the bottom, didn't give indication

[09:33] {ese} i wouldn't know where to get in at this point

[09:33] {magoo} cat vad..any read?

[09:34] {magoo} missed

[09:34] {Threei}  not yet

[09:34] {Threei}  let it establish something more readable

[09:34] {Threei}  let's say another pullback, not too deep, then break of 39

[09:35] {nemo} what? 5 minutes isn't a trend? :)

[09:36] {Threei} Long Setup:  FITB  .10 break if holding above 8

[09:37] {dptl} in

[09:37] {nemo} i

[09:37] {magoo} in

[09:37] {fernp} in

[09:39] {Threei}  half out

[09:39] {fernp} out ty

[09:39] {Threei}  scalpers take profit

[09:39] {nemo} out

[09:39] {magoo} out .26 TY vad

[09:39] {ese} nice boys and girls

[09:39] {pita} out ty

[09:39] {Threei}  out in full.37

[09:40] {jfjf64} ty   VADDD

[09:40] {magoo} nice exit vad

[09:40] {Threei}  missed CAT .50 re-cross

[09:40] {dptl} out fitb +.10 +.17 +.25  ty

[09:40] {tomg} ty vad

[09:40] {Threei}  welcome guys

[09:40] {magoo} lets watch cat

[09:40] {ese} wow...

[09:40] {magoo} bouncer

[09:40] {jfjf64} nice   read    

[09:40] {fernp} nice play FITB Vad

[09:41] {Threei}  CTIC?

[09:41] {Threei}  don;'t see news

[09:41] {magoo} futes getting pounded

[09:43] {dino} mygn sm l .00, stop lod

[09:43] {magoo} do not look FITB

[09:44] {Threei} Long Setup:  LVS  10 break if holding above .90

[09:45] {magoo} market rotting here

[09:46] {magoo} CAT bounce vad?

[09:47] {Threei}  not sure

[09:47] {Threei}  what's with DNDN again?

[09:47] {magoo} oh oh

[09:47] {ese} L faz .89

[09:48] {Threei}  HIG serious dump'

[09:48] {jfjf64} lvs  invalid ??

[09:48] {Threei}  yes!!

[09:48] {jfjf64} ty boss

[09:48] {Threei}  sure thing

[09:48] {Threei}  just don't yell at me that early in the morning

[09:48] {Threei}  I am especially easily scared

[09:49] {nemo} mmmmhhhh...tck taking it on the chin

[09:49] {jfjf64} never  ya da MAN

[09:50] {Threei}  FITB is holding amazingly well

[09:50] {nemo} I thought the "yada" man was Seinfeld?

[09:50] {dino} out mygn .37, +.37

[09:51] {pita} nice dino

[09:51] {Threei}  squeeze candidate... risky

[09:52] {dino} ty

[09:52] {Threei}  wow DRYS

[09:53] {dino} too tight

[09:53] {Threei}  FITB squeeze starts

[09:54] {jfjf64} squeeze???

[09:54] {jfjf64} what  chapter  that   lol

[09:55] {Threei}  this is chapter describing shorts being waterboarded

[09:55] {Threei}  let's see if we get DRYS double bottom

[09:55] {Threei}  .70 support so far,

[09:56] {Threei}  want to see it losing .80

[09:56] {Threei}  pausing, then re-crossing .80 while never jeopardizing .70

[09:57] {nemo} does .90 become break?

[09:57] {Threei}  alternatively .90 break

[09:57] {Threei}  with stop under .80

[09:57] {Threei}  more risky

[09:57] {ese} out faz .86 -.03

[09:58] {ese} not sure of direction now

[09:59] {Threei}  FITB goes to 9 and higher

[09:59] {magoo} i whacked FITB from your squeeze comment .75 to .89 boss TY

[10:00] {Threei}  welcome

[10:00] {Threei}  no technical read to this kind of movements,

[10:00] {Threei}  it's a momo

[10:00] {Threei}  either you feel it or stay away

[10:00] {Threei}  risk is enormous

[10:00] {magoo} yea

[10:00] {Threei}  (and of course you know magoo is right there, like bee on hiney)

[10:00] {Threei}  honey too

[10:00] {nemo} fly to sh..

[10:01] {Threei}  I'll leave that one between you and magoo

[10:01] {dino} online ed's w/luv today

06[10:01] * nemo slaps magoo around a bit with a large cow pattie

[10:01] {dino} tele's too

[10:02] {nemo} magoo dcc

[10:03] {ese} interesting movement between faz and fitb.......both going up...something wrong there

[10:03] {nemo} no, many other financials tanking

[10:04] {dino} lots of banks issuing shares

[10:04] {magoo} like homo on hiney vad???NOT GOOD lol

[10:04] {nemo} oh jeez janitor!

06[10:05] * magoo slaps laserdave around a bit with a large trout

[10:05] {Threei}  LLTC...

[10:05] {Threei}  I love daily, sits on two days breakout

[10:05] {Threei}  but I hate the way this one acts on brewaks

[10:06] {Threei}  tends to shake out much more often than I'd like

[10:06] {Threei}  lwet's be smart and see if it fakes the breakout, then shakes hard

[10:06] {dino} whats w/the w's

[10:06] {Threei}  stops people out, drops into support and gives us a chance to enter

[10:07] {Threei}  and if it breaks and works, then we wil have outsmarted ourselves

[10:07] {dino} schw l .99

[10:08] {Threei}  if you took DRYS on that .90 break, feel free to exit as you see fit

[10:08] {Threei}  hard to tell whether it has potential to break 7 or it just dies on the vine

[10:08] {dino} holx l .09

[10:09] {Threei}  anyone has any inheritance coming?

[10:09] {Threei}  (US) WHITE HOUSE OFFICAL: WILL PROPOSE NEW LEGISLATION FOR ESTATE TAXES, SEEKING TO RAISE $60B IN 10-YR PERIOD

[10:10] {patience} translation:  they need more money to give away to banks

[10:11] {dino} actually good for life insurers

[10:11] {nemo} annuities?

[10:11] {dino} life

[10:12] {dino} estate plans funded w/life

[10:12] {nemo} o.k.

[10:12] {Threei}  - Will seek to close other tax loopholes regarding estate taxes

[10:12] {fernp} FITB pullback, Vad?

[10:12] {Threei}  there go insureres too, lol

[10:12] {nemo} loopholes..hehehehe

[10:12] {Threei}  I am watching it fern

[10:12] {fernp} ty

[10:12] {Threei}  .80 level is tempting but a bit too obvious

[10:13] {nemo} pru bottoming

[10:13] {ese} could someone tell me what FAS is again

[10:13] {nemo} 3x long financials

[10:13] {ese} opposite of FAZ?

[10:13] {nemo} eqzaktly

[10:13] {Threei}  yes

[10:13] {dino} bwld sm l .50, stop lod

[10:13] {ese} tks

[10:13] {Threei}  I am so proud of nemo's spelling

[10:13] {nemo} ty

[10:14] {Threei}  speaks to my power of persuasion

[10:14] {nemo} should kill my editing career

[10:14] {ese} me thinks financials have topped out.....still looking to go long faz at .90/.91

[10:14] {nemo} tarry not too long ese

[10:15] {dptl} cat?

[10:15] {dino} scanner all green

[10:15] {ese} tarry?

[10:15] {nemo} linger

[10:16] {nemo} hang around

[10:16] {Threei}  CAT, I'd be much more confortable with drop into .20-.30 zone

[10:16] {dptl} ok ty

[10:16] {Threei}  .50 break is possible as a play

[10:16] {nemo} lvs faked us out

[10:16] {Threei}  I am just not inclined to take it personally

[10:18] {cosmo} ONNN hod = 5.85 fyi

[10:18] {dino} bwld tighten to .37 not moving

[10:18] {magoo} PRU bounce time vad?

[10:19] {Threei}  I'd think so

[10:19] {Threei}  a bit too jumpy

[10:19] {dino} make it .46

[10:19] {Threei}  so keep shares small

[10:19] {Threei}  went 20 cents from the moment I wanted to type break of .10

[10:19] {Threei}  better let it pull back

[10:20] {Threei}  LLTC, we did outsmart oursleves

[10:20] {Threei}  successfully

[10:20] {nemo} who's we?

[10:20] {nemo} you told me not to think

[10:20] {dino} spike

[10:21] {magoo} darn CAT..sytalking all morn and missed move

[10:22] {Threei}  I am actually amazed you didn't take that .50 break I spoke about

[10:22] {dino} to .88 bwld

[10:23] {dino} to .98

[10:23] {dino} holx to .20out bwld .95 slip, +.35

[10:23] {dino} .45 i mean

[10:24] {dino} holx to .23

[10:24] {dino} out holx .23, +.14

[10:24] {Threei}  here is PRU pullback

[10:25] {Threei}  and CAT

[10:26] {dino} backing off drop coming gut says

[10:26] {nemo} backing off, drop...   or backing off drop?

[10:27] {dino} guess not, see what happens when i lose weight, throws off gut feel

[10:27] {Threei}  lol

[10:27] {nemo} hahahahahha

[10:28] {Threei} Short Setup: RIMM  half lot .50 breakdown

[10:29] {dino} right after all

[10:29] {nemo} in

[10:29] {dptl} in rimm

[10:30] {dino} afam drop, gap around 29.25

[10:30] {Threei}  half out or scalp here

[10:30] {Threei}  over 15 cents drop in one second

[10:30] {dino} schw to b/e

[10:31] {dino} stopped

[10:31] {Threei}  those who took half, look to cover the rest under .20

[10:31] {Threei}  there you go

[10:31] {Threei}  you are on your own from here, me is done

[10:32] {Threei}  sheesh... tell me you have covered

[10:32] {nemo} yeah

[10:32] {dino} gj

06[10:32] * Threei slaps dptl and nemo with stress test results

[10:33] {dptl} lol...all out trying figure out how much lol so fast

[10:33] {Threei}  cry me a river

[10:34] {dptl} oh covered .37 and .22 ty

[10:34] {Threei}  welcome... sorry I made you do hard math

[10:34] {nemo} pru breakdown?

[10:34] {Threei}  I'll try to refrain in the future

[10:35] {nemo} too late

[10:35] {Threei}  yeah... way too volatile

[10:35] {Threei}  every time I look at it, it does something faster than I can typer alert

[10:35] {nemo} neural implant

[10:35] {dptl} i just had few bids waiting to cover and got filled all at ones ,almost 

[10:36] {Threei}  and what's the point? if it's THAT fast, how re you going to trade it?

[10:36] {nemo} mags can

[10:36] {Threei}  GSA

[10:36] {Threei}  MASSACHUSETTS AG TO HOLD PRESS CONF AT 1PMET TO DISCUSS MULTI-MILLION DOLLAR SETTLEMENT WITH GOLDMAN OVER SUBPRIME LOANS

[10:36] {nemo} BFD!

[10:36] {ese} Vad....tell me what you think of the FAZ 1 min chart......all heck is going to break out one way or the other i think

[10:37] {ese} interesting consolidation

[10:37] {Threei}  yes ese... question is, which way :)

[10:37] {ese} ya

[10:37] {Threei}  'cause when all hell breaks loose, last thing you want is to be on the wrong side

[10:37] {nemo} interesting consolidation on fas, wouldn't you say ese?

[10:37] {Threei}  look how strong market is

[10:38] {Threei}  remember our discussion of the trap mechanics last week?

[10:38] {ese} more so on FAZ nemo...tighter range

[10:38] {magoo} cant remember

[10:39] {nemo} or is that because of difference in share price ese?

[10:39] {nemo} they're the inverse of each other

[10:39] {dino} titn l .80 stop .69

[10:39] {ese} hmmmmm don't know.....

[10:39] {ese} possibly

[10:40] {nemo} $5 stock with a .05 range, or $11 with a .10 range

[10:40] {Threei}  quite a divergence between NASDAQ and Dow lately

[10:40] {nemo} about the same

[10:40] {nemo} yeah, but techs were taken down last week for the finnies

[10:44] {jfjf64} wow  lvs

[10:45] {dino} layn sm l .30, stop .99

[10:47] {Threei}  MGM now

[10:50] {dino} layn stopped -.31

[10:51] {Threei}  if you are up to a little gamble

[10:51] {nemo} Mags...

[10:51] {Threei}  MGM, half lot arounf 13 on the necxt pullback

[10:52] {Threei}  (pun intended)

[10:52] {nemo} break of 13 after next pullback?

[10:52] {Threei}  first strength from here

[10:52] {Threei}  yeah

[10:53] {dino} syna

[10:53] {dino} fwlt

[10:53] {dino} darn schw, chickened out on  it

[10:55] {ese} i'm still watchin schw

[10:56] {dino} we are late

[10:56] {ese} ya am getting that sense

[10:57] {ese} hban new high

[10:59] {Threei}  HBAN and FITB take turns squeezing

[11:00] {nemo} rimm about to break support?

[11:00] {nemo} or basing?

[11:01] {Threei}  neither

[11:01] {Threei}  HBAN pullback to 6 deserves a try

[11:02] {dino} txn l .25

[11:05] {Threei}  NY FED:PURCHASED $3.51B IN $300B OUTRIGHT COUPONS PURCHASE; DEALERS SUBMITTED $10.42B FOR CONSIDERATION (BID TO COVER 2.97)

[11:05] {Threei}  - Heaviest purchase was $675M for the 08/15/27 maturity

[11:05] {Threei}  - Note: avg bid to cover for prior four auctions is 4.02{TLT SHY IEF}

[11:07] {ese} wasn't one of you in SQNM

[11:08] {ese} that was an fitb type move

[11:08] {dino} psys

[11:08] {Threei}  BAc CEO: CAN 'SEE THE LIGHT' WITHIN 2 TO 3 QUARTERS - CONF COMMENTS

[11:08] {vinod} sory to bother you bad ZOOM is zooming?

[11:09] {Threei}  we played SQNM recently

[11:10] {Threei}  you are not swriously considering playing $2 stock with 70 cents spread, vinod? :)

[11:11] {vinod} no, it just came in my radar

[11:11] {ese} ahhhhhh no

[11:11] {ese} thought you were talking to me

[11:12] {jfjf64} hban?

[11:12] {Threei}  6 break long

[11:12] {vinod} in

[11:13] {Threei}  MGM over 1:1

[11:13] {nemo} didn't break six yet vinod

[11:13] {Threei}  nemo, feel free to exit

[11:13] {dptl} in hban

[11:13] {dino} titn to .92

[11:14] {dptl} stop .97?

[11:14] {Threei}  I don't underdtand this at all, dp :)

[11:14] {Threei}  not only it hasn't broken 6 yeat,

[11:14] {Threei}  it also bottomed at .97 for now

[11:15] {dino} txn to .37

[11:15] {Threei}  why would you want to have such weird stop

[11:15] {Threei}  at least it has to be .96

[11:15] {fernp} missed

[11:16] {dptl} ok ty out .05

[11:16] {vinod} o.k stop is at 5.96

[11:16] {Threei}  you have your 1:1, dp... whatever money it brings you, lol

[11:16] {dptl} lol

[11:16] {Threei}  MGM 1:2

[11:18] {Threei}  vinod... have you bought it fir just a small scalp?

[11:19] {Threei}  'cause if not, .96 is too tight stop, and if yes - you already had over 1;1

[11:19] {vinod} yes , only 1kand little jumpy--i am?

[11:20] {Threei}  what I mean is... all the elements of a trade must be aligned

[11:20] {Threei}  if that was scal, as your stop placement indicates, why are you still in?

[11:20] {Threei}  scalp

[11:20] {vinod} o.k boss. will follow

[11:20] {Threei}  if that eas a trade for bigger profits, why is stop placed in a scalping fashion

[11:20] {Threei}  see what I mean?

[11:21] {Threei}  if you try bigger trade with scalping type of a stop, you will be shaken all too often

[11:21] {dino} out txn .39, +.14, out titn slip .90, +.10

[11:22] {dptl} was it even riskier this time after that first bounce off 6?hban

[11:23] {Threei}  second time is usually more or less doable

[11:23] {Threei}  third, I wouldn't do it

[11:24] {Threei}  but it also depends on what it did between them

[11:24] {Threei}  can't answer that without a lot of ifs and buts

[11:25] {vinod} out 6.07 thanks for advise

[11:25] {dptl} ok ty...

[11:28] {dino} isle

[11:31] {Threei}  HBAN 1:1 for daytraders with stop under .90

[11:36] {ese} l sqnm .62

[11:36] {ese} out 1/2 .69

[11:36] {dino} i thought daytrading was outlawed

[11:37] {Threei}  only profitable kind dino

[11:37] {Threei}  powers thast be have no problems with losing daytraders

[11:37] {ese} it is......the way you make money dino should be against the law

[11:42] {dino} ahhh c'mon

[11:43] {dino} vnus

[11:43] {dino} nah

[11:44] {pita} adios amigos

[11:44] {dino} feels like retest lod in making

[11:44] {chinggis} DRYS buyable now vad?

[11:44] {fernp} nos vemos pita

[11:44] {dino} cya pita

[11:45] {Threei}  don't see anything readable on it chuingis

[11:45] {chinggis} ok ty

[11:47] {dino} thurs. gaps 8408 dji; 907 s/p

[11:49] {magoo} WFC highs..man-o-man

[11:52] {dino} layn sm l .80

[11:55] {dino} vnda

[11:58] {jfjf64} stupid  question     im i on  server   

[11:59] {larisa} you are

[11:59] {Threei}  I need to ponder this one jf

[11:59] {jfjf64} ty larissa   always  can  count  on  ya

[11:59] {jfjf64} lol  vad

[12:01] {Threei}  WFC

[12:01] {Threei}  sharp pullback

[12:01] {jfjf64} y

[12:02] {Threei}  GM BONDHOLDER COMMITTEE: 10% EQUITY OFFER MUST BE IMPROVED 'MATERIALLY'

[12:02] {Threei}  yeah right

[12:02] {Threei}  watch for white house now to come out and put label "anti-american" on those disgusting speculators

[12:04] {Threei} Long Setup:  WFC  .05 break if stays above .95

[12:05] {Threei}  change of plans

[12:05] {Threei} Long Setup:  WFC  28 break if stays above .90

[12:06] {dino} and w/gm saying they are going to import small cars, not build them in usa

[12:06] {dino} ironic huh

[12:06] {nemo} in

[12:07] {Threei}  sure... jobs should be created here, right?

[12:07] {dptl} in

[12:07] {dptl} .01

[12:07] {Threei}  unless it's your buddy who creates them

[12:10] {dino} his unamerican to bondholders, but hey screw the workers and build them in other countries, see basically anti-investment

[12:12] {nemo} big slip

[12:12] {Threei}  no worky

[12:12] {fernp} stopped

[12:12] {dptl} stopped

[12:12] {nemo} stopped .10 slip

[12:15] {dino} eyes on wrld

[12:17] {Threei}  VNDA full of determination

[12:20] {dino} wrld sm l .10

[12:21] {magoo} obama to speak cnbc

[12:21] {ese} out full sqnm .73 

[12:22] {ese} +.21 5k

[12:22] {dino} gj

[12:23] {ese} tks

[12:23] {dino} you're crushing w/size

[12:24] {ese} ya but was in to long on this one....would have liked a shorter time frame

[12:25] {dino} lol, sometimes they take all day w/my stle

[12:26] {dino} style

[12:26] {ese} I like your style.........hard to dupe

[12:27] {ese} takes your gut feel

[12:27] {Threei}  http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[12:29] {ese} whos bill cara?

[12:30] {ese} also....i don't see anything about free Rum.....whats that all about?

[12:35] {nemo} db on wfc?

[12:35] {magoo} i wouldnt

[12:35] {nemo} asking not acting

[12:36] {Threei}  prez on tv

[12:36] {nemo} short everything

[12:44] {Threei} Long Setup:  RIMM  .70 break if stays above .50

[12:48] {nemo} in

[12:49] {nemo} stop @ .50?

[12:50] {Threei}  for a daytrade

[12:50] {Threei}  for a scalp, under .60

[12:51] {Threei}  market tripped of something

[12:51] {nemo} damn

[13:01] {Threei}  WINDOWS 7 RELEASE ANTICIPATED FOR HOLIDAY SHIPPING SEASON

[13:01] {Threei}  - In addition, Windows Server 2008 R2 Release Candidate (RC) is available today with the final product releasing to market in the same timeframe as Windows 7.

[13:13] {magoo} wwwwwwwaaaaaaaaaaaaaaaaaazzzzzzzzzzzzzzzzuuuuuuuuuuuuuuuuuuuppppppppppppppppp???????????????????/

[13:14] {Threei}  sigh

[13:15] {magoo} remember that bud commercial?

[13:19] {nemo} was there news on rimm?

[13:19] {Threei}  just moved with market

[13:34] {Threei}  something inteersting is brewing on VNDA

[13:38] {dino}  out layn .35 +.55

[13:38] {dino} took hours

[13:39] {larisa} gj

[13:40] {dino} ty

[13:41] {dino} wrld stop to .22, brb

[13:43] {Threei}  see that big offer on VNDA by EDGX?

[13:44] {nemo} yeha

[13:44] {Threei}  my feel is, once it's takenb VNDA is off to races

[13:44] {Threei}  WHITE HOUSE OMB DOCUMENT STATES OPTIONS FOR THE GSES INCLUDE WINDING THEM DOWN

[13:44] {Threei}  {FRE FNM}

[13:44] {Threei}  OMB?

[13:46] {nemo} Office of Management and Budget

[13:47] {Threei}  ty

[14:04] {magoo} we in anything?

[14:05] {jfjf64} zzzzzzzzzz

[14:07] {Threei}  VNDA tempting drop

[14:09] {Threei}  missed

[14:15] {dino} out wrld .38, +.28

[14:21] {magoo} .

[14:25] {Threei} Long Setup:  VNDA  .80 break if holding abogve .70, half lot

[14:30] {magoo} is that valid

[14:31] {Threei}  are you OK with wider stop?

[14:31] {dino} not much jumping out at me

[14:32] {magoo} no

[14:32] {Threei}  then no

[14:32] {magoo} no what?

[14:35] {dino} don't know

[14:36] {Threei}  asylum...

[14:47] {Threei}  I wonder if FTBK is FITB/HBAN younder brother

[14:49] {vinod} younger sister--no descrimination here

[14:49] {chinggis} any read on ISIL vad?

[14:49] {Threei}  or that

[14:50] {Threei}  not really

[14:50] {chinggis} ok 

[15:00] {Threei}  if you are up to little gambling,

[15:00] {Threei}  FTBK 2.72 break

[15:02] {dino}  mkt dropping

[15:17] {magoo} waaaaaaa...........zuuuuuuuuup?

[15:18] {magoo} mgm nuts

[15:19] {Threei}  yeah, LVS is more tame one today

[15:28] {Threei}  MEREDITH WHITNEY: POSITIVE MOMENTUM IN FINANCIALS IS NOT BASED ON ANY FUNDAMENTAL IMPROVEMENTS - CNBC INTERVIEW

[15:28] {Threei}  - Underlying earnings power of the banks is still negligible; financial stocks are "grossly overvalued."

[15:28] {Threei}  - Continues to expect a "massive contraction" in consumer liquidity.

[15:28] {Threei}  - Some of the banks have business models that will "never come back."

[15:28] {Threei}  - reiterates she believes that many of the financial firms will need to raise capital again in the future.

[15:29] {nemo} Besides that Mrs. Lincoln...

[15:31] {vinod} means days for FAS is over and FAz begans

[15:32] {dino} sm l fwlt .24

[15:34] {Threei}  I don't know vinod

[15:34] {Threei}  seems too simple to me

[15:34] {dino} he's a daytrader in this room

[15:34] {Threei}  everyone and their brother know we will pullback

[15:35] {Threei}  lol dino

[15:35] {dino} every now and then i get a chuckle

[15:35] {vinod} vad-you said few days ago pull back coming?

[15:35] {Threei}  we had some, but it was quite shallow

[15:36] {dino} gaps dji 8408, s/p 907

[15:36] {nemo} very light volume

[15:36] {Threei}  and now we are consolidating without much drop

[15:36] {dino} way below lots of gaps

[15:36] {Threei}  and on light volume, yes

[15:36] {Threei}  but the most important factor is:

[15:36] {nemo} The Spanish Inquisition?

[15:36] {Threei}  no person on a planet thinks or says "long"

[15:36] {magoo} STOP

[15:37] {magoo} I DO

[15:37] {Threei}  everyone says pullback

[15:37] {magoo} ask laser

[15:37] {Threei}  OK... magoo is the only lunatic who thinks long

[15:37] {dino} hmmm, thinking the dip buyers have been buying or we'd be alot lower

[15:37] {magoo} really

[15:37] {Threei}  so I must ask myself

[15:37] {magoo} see...mkts not letting those cautious who missed out..in

[15:37] {nemo} "self?"

[15:37] {Threei}  who is buying, and most importantly

[15:38] {Threei}  how can "everyone" be right?

[15:38] {Threei}  who is "everyone" going to take money from?

[15:38] {dino} every sell has a buy

[15:38] {magoo} i though every buy had a sell dino

[15:38] {dino} the public is buying, friends are talking again

[15:39] {magoo} dino?

[15:39] {Threei}  if you say "there is a silent group of players that identified this opportunity to once again take money from the crowd, and that group buys without much noise" - this I can uncerstand

[15:39] {dino} but...tomatoe, tomato

[15:39] {nemo} tomahto

[15:39] {magoo} i thought it was potatoe..potatt-oe ..dino??

[15:40] {nemo} Kartoffeln, nicht wahr K?

[15:40] {Threei}  scenario we discussed a week ago, vinod, was:

[15:40] {dino} not bad as in bad magoo, bad as in good

[15:40] {Threei}  run up into stress tests results, spike, sharp drop

[15:40] {Threei}  we did have run up,

[15:40] {Threei}  no spike,

[15:40] {Threei}  in fact, slight retreat just before,

[15:40] {nemo} in finnnies

[15:41] {vinod} yes, thanks for it. i am doing good base on it have 500 srs from friday at 19.80

[15:41] {Threei}  then aimless wandering around these levels

[15:41] {Threei}  and "pullback" noise from literally everywhere

[15:41] {magoo} weird day..it feels up to me

[15:44] {dino} swchw l .04

[15:44] {nemo} huh?

[15:44] {dino} schw

[15:46] {dino} pcln

[15:53] {magoo} MGM pummelled

[15:55] {Threei}  if we had more time I'd be interested in such drop

[15:56] {magoo} were we red or green friday?

[15:56] {Threei}  depends on the market

[15:56] {Threei}  they all move in different directions

[15:57] {dptl} ....have a good evening all  :)

[15:57] {Threei}  take care dp

[15:58] {Threei}  okay guys, thank you all

[15:58] {Threei}  have a good evening, see you tomorrow

[15:58] {nemo} gnite

[15:58] {larisa} bye

[15:59] {jfjf64} later all

[15:59] {fernp} good evening all

[15:59] {vinod} good evening

[15:59] {dino} out schw -.02, put fwlt -.09