Tuesday, May 12, 2009

May 12 2009

The day started off the wrong foot as I misread the market. The idea to skip morning breaks and wait for pullback was only partially right, as pullnbacks didn't offer much and stopped us out before any worthy potential could be realized. Second part ofd the day was much brighter with wel-timed casll on recovery. HBAN long and especially VNDA helped make the day brighter.

Session Time: Tue May 12 00:00:00 2009

[08:08] {magoo} morning
[08:09] {nemo} mags :)
[08:09] {nemo} How's your back?
[08:09] {magoo} u mean ankle??
[08:10] {nemo} no, back...Since your walking is screwed up by your ankle I was wondering how your back was
[08:10] {Threei}  may I bring you good news this fine morning:
[08:10] {Threei}  GS
[08:11] {nemo} "timing uncertain"
[08:11] {Threei}  that's very philosophical addition to upgrades and downgrades
[08:12] {magoo} morn vad
[08:12] {magoo} look STEC
[08:12] {Threei}  beat earnings, got upgrade with 15 target
[08:13] {cosmo} STEC..... "timing uncertain"
[08:16] {nemo} original cosmo :)
[08:22] {Threei}  VNDA again
[08:22] {magoo} stec..uncertain..heck it was 14 already..15 tyoday prob
[08:30] {Threei}  (US) MAR TRADE BALANCE: -27.6B$ V -$29.0BE
[08:33] {Threei}  F
[08:33] {Threei}  EUROPEAN APRIL SALES -7.4% Y/Y
[08:33] {Threei}  -7.4?
[08:33] {Threei}  it's nothing
[08:33] {larisa} good morning
[08:34] {nemo} larry :)
[08:34] {Threei}  larisa :)
[08:34] {larisa} nemo, vad :)
[08:35] {lamant} good morning :) i'm new to here
06[08:35] * nemo slaps lamant around a bit with a large trout
[08:36] {magoo} morning lamant:)
[08:36] {Threei}  lamant :)
[08:40] {pita} gm all
[08:40] {Threei}  pita
[08:40] {nemo} pita :)
[08:43] {pita} hi memo
[08:44] {magoo} vad..working theories at this stage?
[08:44] {Threei}  still looking around
[08:44] {Threei}  frikin FTBK
[08:45] {nemo} mbi
[08:45] {Threei}  takes the FITB's torch
[08:45] {magoo} no i meant..we had shalow pullbk..thoughts here
[08:45] {Threei}  HBAN is quite strong too
[08:46] {Threei}  that's what I mean too
[08:46] {nemo} that trade deficit umber seems to have goose the futures a tad
[08:48] {fernp} Hello everybody
[08:48] {Threei}  fern :)
[08:52] {ese} morning
[08:52] {nemo} ese :)
[08:52] {Threei}  ese :)
[08:53] {Threei}  ese... keep an eye on FTBK as candidate to replace your FITB atm
[08:53] {ese} tks vad will do.....
[08:54] {nemo} funny I was thinking the same thing....I can see ese now "20000 of the little buggers"
[08:54] {Threei}  it trades a bit differently, more volatility
[08:54] {Threei}  so keep "buggers" amount reasonable until you get a feel for it
[08:54] {nemo} or you'll get "buggered"
[08:54] {ese} tks
[08:55] {nemo} ese dcc
[08:55] {dptl} good morning all
[08:56] {nemo} dp :)
[08:56] {Threei}  dp :)
[08:56] {ese} one of the reasons for trading fitb was the fact that it does over 10,000,000 daily....most of my trading is done on stocks that averge minimum 10 mill a day
[08:56] {ese} dp
[08:56] {ese} they may move against me but not by very much
[09:02] {dino} gm all, turnaround tuesday
[09:02] {Threei}  dino :)
[09:12] {cosmo} STEC pre mkt high = 14.20 ... just in case
[09:18] {vinod} good morning
[09:18] {Threei}  vinod :)
[09:18] {nemo} vino :)
[09:18] {ese} another major pullback in DRYS should be over soon
[09:18] {nemo} wfc gave back everything from this morning
[09:19] {jfjf64} mornin all
[09:19] {nemo} jf :)
[09:20] {ese} jf
[09:20] {Threei}  jf :)
[09:20] {cosmo} DRYS pre mkt high = 7.24  
[09:21] {cosmo} ... so far
[09:22] {Threei}  my inclinations are on a long side for the opening plays
[09:22] {Threei}  WFC, FTBK
[09:23] {Threei}  26.50 is WFC's support so far
[09:24] {ese} someone take a look at the volume  on the faz daily.......would you interpret that as a wack of short positions being taken on the financials
[09:25] {Threei}  that's one part ese,
[09:25] {Threei}  another is:
[09:26] {Threei}  as it drops it attracts a lot of those who believe in pullback on financials, and at the same time it becomes cheaper so players can afford more
[09:27] {ese} hmmmm
[09:27] {Threei}  if we had dollar volume it would be more objective
[09:27] {ese} yes
[09:28] {ese} seems like it really hit a low at 4:40 yesterday
[09:29] {ese} sorry the day before
[09:29] {Threei}  FTBK, watch for sharp drop at the open
[09:30] {Threei}  if does it, it's a buy
[09:30] {Threei}  not delighted by 3 break at this point
[09:31] {Threei}  WFC, watch for pullback to .60 - .70
[09:33] {Threei}  come on WFC
[09:33] {dino} aipc, ctrp
[09:34] {nemo} lota support at .75 on WFC
[09:34] {nemo} lotta"
[09:35] {ese} am onto aipc dino
[09:36] {nemo} in nomine patre
[09:36] {Threei}  ok
[09:36] {Threei}  watch FAS
[09:36] {Threei}  as a clue for WFC bounce
[09:38] {ese} hmmm aipc number not bad dino
[09:38] {Threei}  .40 cross back long
[09:38] {Threei}  stop under .30
[09:38] {dptl} in
[09:38] {nemo} in
[09:38] {magoo} in
[09:39] {magoo} out .45
[09:39] {magoo} actually .46
[09:39] {nemo} stopped
[09:40] {magoo} + .07
[09:40] {magoo} scalp
[09:40] {fernp} stopped
[09:40] {cosmo} DRYS holding 7 it seems
[09:40] {magoo} i hate drys 
[09:40] {cosmo} sigh... and then i kill it...
[09:41] {dino} aipc double bottom
[09:41] {dino} not sure
[09:42] {magoo} l fas .33
[09:42] {magoo} fast
[09:43] {magoo} no work
[09:43] {magoo} stop
[09:45] {cosmo} TWTC
[09:46] {Threei} Long Setup:  WFC  90 break
[09:46] {Threei}  stop under .75
[09:47] {ese} as long as drys doesn't go below 6.66...it'll be ok to play long cas
[09:47] {ese} cos
[09:47] {magoo} in
[09:47] {dptl} in
[09:48] {nemo} in
[09:48] {ese} man my screens turned red in a hury
[09:48] {dino} sm risky l aipc .86
[09:49] {ese} ya just gonna watch you on this one dino......
[09:49] {Threei}  grrr
[09:49] {dptl} wow ..stopped .69
[09:50] {vinod} not lucky today
[09:50] {dino} day is young
[09:50] {vinod} yes
[09:50] {nemo} stops are blowing right through
[09:50] {dino} aipc good report feels like manipulation to 25 strike
[09:50] {vinod} nemo--Last night my wife said I am dumb trader
[09:51] {nemo} what can I tell you...I'm worse, almost to my daily limit
[09:51] {Threei}  FAS can't find the floor so far
[09:51] {ese} yes...mentioned earlier that i thought the numbers were pretty ood for aipc
[09:52] {fernp} HBAN double bottom?
[09:52] {Threei}  .56 would be HBAN long
[09:53] {fernp} ok
[09:53] {Threei}  DNDN
[09:59] {dino} pnra sm l .50
[10:00] {Threei}  MAY IBD/TIPP ECONOMIC OPTIMISM: 48.6 V 51E
[10:01] {ese} L long drys .08
[10:04] {Threei}  I'll wait for .10 break DRYS
[10:04] {fernp} stopped HBAN
[10:06] {dino} pnra stopped -.35
[10:08] {ese} anyone else long drys
[10:09] {Threei}  will on .10 break, ese
[10:10] {ese} ya....i took the agressive entry......market internals are showing up so i think it will break that way
[10:10] {ese} oppps not anymore
[10:10] {dino} don't feel that
[10:11] {Threei}  yeah, quite questionable so far
[10:11] {dino} thurs. gaps filled
[10:11] {Threei}  last week or so morning pullbacks were sure entries
[10:11] {Threei}  not today
[10:11] {Threei}  look at WFC
[10:12] {nemo} arbitrage plays on finnies?
[10:12] {Threei}  ?
[10:13] {nemo} they all sold stock last week at lower prices.  Those who bought selling this week and taking the difference?
[10:13] {ese} was looking a tick up and trin dn dino
[10:13] {dino} over my head
[10:14] {Threei}  that construct makes no sense to me nemo
[10:14] {nemo} issue prices last week were below end of week highs
[10:14] {nemo} flip out of it
[10:15] {Threei}  "they all" - subscribers?
[10:15] {nemo} What I saw of the issues, they were below market at the time
[10:15] {nemo} Why hang around if you can sell it higher.  THe banks are all garbage
[10:16] {Threei}  mnost of them haven't indicated prices, some said already issued and sold, some said will issue and sell
[10:16] {dino} nemo is correct
[10:16] {nemo} Forgive me if I don't trust what they say
[10:16] {dino} they were above issue price, for traders, not institions
[10:16] {Threei}  so it's all just a speculation
[10:16] {Threei}  they said something
[10:17] {Threei}  we have no idea what of that weasd true
[10:17] {nemo} History is merely a fantasy upon which we all agree
[10:17] {Threei}  how do you structure your trade on that?
[10:18] {ese} that would have been better entry for drys.....higher double botom
[10:18] {dino} i'm not trading finies, but they issued lower, so profit taking, keep it simple.who cares
[10:18] {ese} maybe even tripple botom
[10:19] {nemo} I thought that's what I said Dino :)
[10:19] {Threei}  OK... I must try that... WFC 25 break
[10:19] {Threei}  if uncomfortable stay away
[10:20] {dino} you did
[10:21] {Threei}  invalidated
[10:22] {dino} schw l .80
[10:22] {Threei}  a bit too hectic
[10:24] {dino} schw stop to .92
[10:25] {dino} out +.12
[10:27] {Threei}  OK... in WFC on pullback
[10:27] {Threei}  .93
[10:27] {magoo} in 25
[10:27] {dino} gun to the head, retest lod
[10:28] {Threei}  half out .07
[10:28] {Threei}  stop .89
[10:28] {dino} watching txn, schw, wrld, idcc, pnra (want high50s)
[10:29] {dino} intc at 15ish too
[10:30] {Threei}  out balance
[10:30] {Threei}  can you believe that's all avaliable on bounces
[10:30] {magoo} i got it to high
[10:30] {dino} arst
[10:36] {nemo} recross of 25 vad?
[10:36] {Threei}  can't find a firm footing
[10:37] {dino} txn l .75
[10:38] {dino} idcc gap few days ago around 26.90
[10:40] {dino} cpla
[10:40] {Threei}  how abut that, WFC?
[10:41] {nemo} cooked like kfc
[10:41] {dino} pnra approaching target
[10:41] {nemo} market still heading down
[10:42] {nemo} I'm Magooing it...see if it helps
[10:42] {Threei}  yes, but WFC is not making new lows anymore
[10:42] {dino} give it time
[10:43] {Threei}  if FAS starts upticing, next try is probably in order
[10:44] {ese} drys hangin in there in a basically downward pressure market
[10:44] {nemo} well?
[10:45] {ese} well what?
[10:45] {Threei}  you see how fast it moves/
[10:45] {Threei}  ?
[10:46] {Threei}  there is no way I can give you exact entry
[10:46] {nemo} I magooed it and back wondering if change
[10:46] {magoo} makes RIMM look like tyhe hare'
[10:46] {Threei}  FAS broke 9.10, WFC gave a scalpable move
[10:46] {Threei}  but to play this you have to do it watching them, not me
[10:46] {Threei}  by the moment I'll type it play will be over
[10:47] {Threei}  MGM
[10:49] {ese} this is an odd pattern for drys.....it's either gonna take off or i'm gonna loose a crap load of money
[10:49] {dino} idcc l ave .18
[10:50] {nemo} had my broken clock moment
[10:50] {ese} how so
[10:50] {nemo} [10:36] {nemo} recross of 25 vad?
[10:51] {nemo} on wfc
[10:53] {Threei}  VNDA... sooner or later this thng will surprise
[10:56] {Threei}  WFC is pulling back
[10:56] {Threei}  25 area is natural support
[10:56] {Threei}  but play it with FAS
[10:59] {Threei}  asnyone got it?
[10:59] {magoo} i did .09
[11:01] {magoo} exit waiting .43
[11:01] {magoo} may be to greedy
[11:02] {magoo} out here .38
[11:02] {magoo} TY vad
[11:03] {magoo} rimm bouncer vad?
[11:04] {Threei}  by its own chart no
[11:04] {Threei}  if NASDAQ starts serious recovery, then RIMM will follow
[11:05] {magoo} worth a shot here imo
[11:05] {magoo} long .27
[11:05] {magoo} aapl trying
[11:07] {magoo} rimm stiopped 
[11:07] {magoo} u win
[11:08] {nemo} bottom fell out
[11:08] {larisa} whats happenning RIMM
[11:09] {Threei}  no news
[11:09] {Threei}  told ya by its own chart it was not good looking
[11:10] {magoo} couldnt have entered worse
[11:11] {nemo} you make me feel better
[11:11] {magoo} like it sucked me in waited for me
[11:11] {nemo} yeah, just like a fiancee
[11:14] {dino} rimm hits 70 strike
[11:14] {ese} what does a wind storm and a divorce in Louisianna have in common?
[11:14] {nemo} no eye deer?
[11:15] {ese} either way ....you loose the trailer!!
[11:15] {nemo} oy weh
[11:15] {magoo} roflol
[11:15] {nemo} no it's worse in the divorce...the bitch gets it
[11:15] {ese} thats the whole idea
[11:16] {magoo} news rimm vad?
[11:16] {nemo} in the storm nobody gets it
[11:16] {Threei}  no
[11:16] {nemo} That is unless she's in the trailer when the tornado hits
[11:16] {nemo} cap interest rates, that should be a mess
[11:16] {ese} now now....it was just a joke
[11:18] {nemo} What do you call a lawyer buried in cement up to his neck?
[11:19] {ese} i knew this one.....go for it
[11:19] {nemo} somebody ran out of cement
[11:19] {ese} ha ha
[11:20] {Threei}  AAPL
[11:21] {nemo} should we call this "Turnover Tuesday" Dino?
[11:21] {Threei}  I knoew why market dropped today
[11:21] {nemo} prez on?
[11:21] {Threei}  it was on concerns over miss California losing her title
[11:21] {Threei}  now that she gets to keep it, we should start recovery
[11:21] {dino} out txn .87, +.12
[11:21] {Threei}  WFC is back into support
[11:22] {Threei}  watch FAS for reversal again
[11:23] {dino} lol nemo, day is young
[11:23] {ese} good one vad good one....
[11:24] {ese} the dumb thing is.....that reason is just a valid as some of the other dumb things that make the markets go up and down.
[11:24] {nemo} Well, at least she won't have to worry about drowning.  Doesn't silicone float?
[11:24] {ese} what do you make of this consolidation in drys vad......looks like a page out of your book
[11:25] {Threei}  when it happens in the middle of the range, without pronounced initial move... hard to tell ese
[11:25] {ese} good question....
[11:26] {nemo} fas dropping but WFC up a ta
[11:26] {ese} gotcha.....i'm just preparing just in case it moves against me hard
[11:26] {dino} i=dcc stop to .30
[11:27] {dino} to .35
[11:27] {ese} good one dino......maybe it'll keep goin
[11:28] {dino} idcc
[11:28] {dino} trail tight
[11:28] {dino} to .37
[11:28] {ese} yes....
[11:28] {dino} watching schw again
[11:30] {dino} to .40
[11:30] {dino} bwld
[11:30] {dino} out idcc .40, +.22
[11:33] {ese} nice.... well played
[11:36] {dino} thx
[11:36] {Threei}  WFC starts forming .10 - .20 range
[11:36] {Threei}  if FAS breaks its minirange and repeats march to 10, WFC is likel;y to repeat its march to .50
[11:38] {dino} wrld l .00
[11:51] {Threei} Short Setup: CAT  .50 break if stays below .60
[12:01] {Threei}  - preparing for little or no global economic growth through the end of 2010, but that the Company expects to remain profitable and generate positive cash flow throughout the recession.
[12:01] {Threei}  stronger than ever?
[12:02] {Threei}  really?
[12:02] {nemo} yeah, gotta' love that one
[12:02] {dino}  geoy
[12:04] {dino} remain profitable? they haven't had profits in years
[12:04] {Threei}  so they remain as they were
[12:04] {nemo} The song remains the same
[12:04] {larisa} you guys have bad attitude :)
[12:05] {nemo} Sorry, I remember the US auto products of the 70's
[12:06] {Threei}  you should try USSR auto products of 70's
[12:06] {Threei}  at least then your bad attitude would be justified
[12:06] {larisa} lol
[12:06] {Threei}  even larisa would have to admit your right to it :)
[12:08] {nemo} was cat still good?
[12:08] {Threei}  just touched over .60... kind of discretionary
[12:08] {nemo} little bit pregnant
[12:11] {Threei}  whbo took it feel free to start covering
[12:30] {dino} sm l arst .30
[12:34] {Threei}  VNDA...
[12:42] {dino} bwld l .90
[12:42] {dino} sm
[12:43] {dino} txn l .65
[12:48] {dino} 12:50
[12:48] {dino} usually changesv direction for 20 or so
[12:53] {ese} what does that mean...."sneezing swines may come in now"   what a goffy message
[12:54] {nemo} two weeks ago when swine flu was all the rage, he said they had to stay out
[12:54] {nemo} then last week, I said it's old news, so he changed it to come in now
[12:54] {ese} who is this goof ball?
[12:54] {nemo} this week, he's just been lazy and uncreative
[12:54] {larisa} lol
[12:54] {nemo} Lord Vader
[12:54] {Threei}  sigh
[12:54] {larisa} poor vad
[12:54] {dptl} lol
[12:54] {Threei}  no respect
[12:56] {ese} huh.....vad baby!!!!     tell me it's not you!
[12:56] {Threei}  sorry to disappoint you ese... it IS me
[12:56] {Threei}  I am a goofball
[12:56] {ese} roflol........
[12:56] {nemo} speaking of hairballs, how's the cat?
[12:56] {nemo} 4 legged one
[12:57] {ese} I may never get over this......roflol twice as hard
[12:57] {Threei}  CAT, thought of reshorting on bounce to .50///
[12:57] {dino} schw fills gap
[12:57] {ese} that made my day........vad your the best....!!!
[12:58] {Threei}  ty... now, I need to find couple good trades
[12:59] {larisa} market starts to annoy me
[12:59] {nemo} how about 7 or 8
[12:59] {Threei}  just can't get the read on bounce vs breakdown
[13:01] {dino} geoy
[13:02] {Threei}  more and more feels like bounce
[13:04] {dino} sm l geoy .30 risky
[13:10] {dino} geoy stopped -.35
[13:12] {Threei} Long Setup:  HBAN  .82
[13:12] {Threei}  stop .75
[13:13] {magoo} in
[13:13] {dptl} in
[13:13] {dawg} in
[13:16] {dino} pcln drop
[13:17] {nemo} 1;1 on hban
[13:18] {Threei}  half out .01
[13:18] {Threei}  .91
[13:18] {Threei}  scaslpers be happy
[13:19] {Threei}  5K little buggers, as ese qwould say
[13:19] {dawg} i am happy ty Vad
[13:19] {dptl} half out .93
[13:19] {nemo} I missed
[13:19] {magoo} out .97 ty vad
[13:19] {Threei}  out .97 another 5K
[13:19] {Threei}  free, free at last
[13:22] {Threei}  ok... one more and the day would start looking much brghter
[13:22] {Threei}  both FTBK and FITB staged the same bounce... just didn't want toplay several similar setups at once
[13:23] {dptl} all out .04 ty
[13:24] {Threei}  nice patience dp
[13:24] {dptl} ty
[13:24] {Threei}  too bad I didn't have 3rd 5K, lol
[13:24] {Threei}  ese... totally your kind of play... tell me you took it
[13:29] {Threei}  I can;'t believe EBAY is actually worth something
[13:29] {Threei}  listen guys, this is beyond belieavable
[13:29] {nemo} oh you're so negative
[13:29] {Threei}  I got myself a new camera
[13:29] {Threei}  and put old one on ebay for sale
[13:30] {Threei}  overa last two weeks I sold it 5 times
[13:30] {Threei}  how, you ask?
[13:30] {Threei}  easy
[13:30] {Threei}  all 5 were fraud
[13:30] {Threei}  5 buyers, no single one is real
[13:30] {Threei}  when real ones bid it, they outbid them
[13:30] {Threei}  or if I put "buy it now" option, they take it
[13:31] {Threei}  how does anyone sell anything over there, beyond me
[13:31] {ese} Hey everyone....have a great rest of the day.....I'll see you tomorrow
[13:31] {Threei}  take carre ese
[13:32] {ese} vad your a hoot
[13:32] {Threei}  I can understand an accident now and then, no one is immune from fraudsters
[13:32] {Threei}  but 5 times in a row?
[13:33] {nemo} I bought my laptop off ebay.  Watched it get bid up beyond all sanity.  Guy sold it...I could tell it was fraud.  Contacted him, telling what I think happened and asked him if he wanted to sell it if it fell through...lived a half hour away.
[13:35] {Threei}  some of fake paypal e-mails are incledibly elaborate
[13:35] {nemo} yeah, it's impressive
[13:36] {nemo} interesting cat, hban, and wfc all had same spike
[13:36] {Threei}  bounce started right when I posted, and is still in progress
[13:36] {Threei}  market did nemop
[13:36] {Threei}  they just followed
[13:36] {Threei}  so did FAS
[13:42] {dptl} cat?
[13:43] {Threei}  don't know
[13:43] {Threei}  I am not ready to start buying breakuts like this
[13:43] {nemo} trend has been down, this is a hiccup so far
[13:44] {dino}  aip[c stop to .84 all day
[13:44] {dino} aipc
[13:45] {dino} stopped +.98
06[13:45] * nemo slaps dino around a bit with a large roll of silver dollars
[13:45] {dino} ouch
[13:48] {dino} layn l .50
[13:51] {nemo} cat making another assault @.70
[13:52] {Threei}  VNDA... I can't find an entry on it for the world of me, but this thing will be 11.50 if not 12 today
[13:56] {Threei}  be back in 20
[13:57] {nemo} Dino, you're in charge
[13:58] {larisa} bought 100K of VNDA, want to retire in the evening :)
[13:59] {dino} vnda stay away imo
[13:59] {larisa} lol
[13:59] {larisa} vad should not say " it will" or at least add"I think" :)
[14:04] {dino} schw l .75
[14:11] {Threei}  everyone knows today what I should or should not say
[14:11] {nemo} huh?
[14:13] {dptl} Vad,is that election day here ?
[14:13] {Threei}  yeah
[14:14] {Threei}  we are underestimated HBAN potential
[14:14] {dptl} ok ty...i was wondering whats up with the ballons everywere lol
[14:14] {Threei}  lol
[14:15] {larisa} I really want to retire.. so i am with you, say away :)
[14:15] {Threei}  you need so little to retire...
[14:15] {jfjf64} im  back   i miss anythin    lol
[14:15] {larisa} right, i am cheap
[14:18] {Threei}  I watched it yesterday, it worked nicely on deep pullbacks
[14:19] {Threei}  notso much on breakouts... but today looks a little bit different
[14:19] {jfjf64} ?? hban
[14:19] {Threei}  where is my dcecoder ring
[14:25] {dino} schw to .87
[14:25] {dino} arst to flat
[14:26] {dino} bwld to .20
[14:28] {dino} out schw .89, +.14
[14:28] {jfjf64} nice  dino
[14:28] {dino} out bwld, .17 slip, +.27
[14:29] {dino} ty
[14:30] {Threei}  great
[14:31] {nemo} Funny actually...30 years ago I figured I would never see it.  Just a big pyramid scheme
[14:32] {dino} it is
[14:32] {Threei}  - Medicare trust fund insolvent by 2017 v 2019 prior forecast
[14:32] {Threei}  - Social Security Benefits payments to move beyond revenue by 2016 v 2017 prior forecast
[14:34] {Threei}  have they ever published such forecasts?
[14:34] {nemo} Every year
[14:34] {nemo} None this bad
[14:34] {dino} y
[14:35] {dino} "w" wanted to privatize it
[14:35] {nemo} What I love is when LBJ opened up SS Trust fund to fund The Great Society.  Took all the money and left an IOU...or that's What Congress has been doing.  Where were they going to get the money to replace the IOU.....duh!
[14:36] {dino} off balance shhet liability
[14:37] {nemo} Yeah, like a Wall Street Level III asset
[14:37] {dino} y
[14:37] {dino} holx l .11
[14:37] {Threei}  {larisa} you guys have such negative attitude
[14:37] {nemo} facts have a way of being interpreted as negative
[14:38] {dino} pru sm l .45
[14:38] {Threei}  nemo
[14:39] {Threei}  guess what 's happening
[14:39] {dino} it just doesn't matter 3i
[14:39] {nemo} prez speaking
[14:39] {Threei}  not for me, that's for sure
[14:39] {Threei}  right
[14:40] {dino} been this way for my whole life, they will find an acct trick to push it out
[14:40] {nemo} only thing is they've run out of rope outside of cutting programs or raising taxes
[14:41] {dino} well tax increases are coming..... i did not vote democratic
[14:41] {Threei}  "tho problem with socilaism is that sooner or later you run out of other people's money"
[14:41] {Threei}  wow HBAN
[14:41] {dino} democrat i mean
[14:42] {nemo} I gave up on voting...might as well fart in a windstorm
[14:42] {dino} i understand 3i, but what can i do, so it doesn't matter
[14:44] {dino} they will fix it by making you spend down assets prior to collecting
[14:44] {dino} like medicaid for long term care, thats the precedence
[14:44] {Threei}  after taking those 10K on HBAN I should have just fell asleep
[14:45] {Threei}  or faint
[14:45] {dino} in the end everybody has coverage if they are less than 15k in assets, so no uninsured
[14:45] {nemo} you mean medical
[14:45] {dino} medical and welfare
[14:46] {dino} but look how well they managed the medicare, its broke, and now they want it all nationalized
[14:46] {nemo} well, there's the hidden rationing costs in medical.  So many doctors won't take state or medicare patients now
[14:47] {dino} but enough, back to work
[14:53] {Threei}  ok
[14:53] {Threei}  I took some VNDA
[14:53] {Threei}  .80
[14:54] {Threei}  more of a swing trade if not resolving today
[14:54] {Threei}  smallish position
[14:54] {nemo} 10000 of the little buggers?
[14:55] {dino} pru to .75
[14:56] {dino} out pru .90, +.45
[14:56] {jfjf64} that a boy  dinno
[14:56] {dino} arst to .63
[14:57] {dino} out slip, +.27
[14:57] {nemo} looks like stocks want to close even for the day
[14:58] {dino} txn to .77
[14:58] {dino} lol jfj
[14:58] {dino} holx to flat
[14:59] {dino} out txn, +.12
[15:00] {dino} forgot, aipc sm l .00
[15:02] {dino} turnaround tuesday in the making
[15:02] {dino} something like 6 in a row
[15:04] {dino} layn stopped -.236
[15:06] {dino} mygn l .60, stop lod
[15:08] {Threei}  irritating day for me
[15:09] {nemo} yes
[15:09] {Threei}  was on a wrong side in the morning
[15:09] {Threei}  then got a grip on the movement but didn't want to accumulate loses in case I was wrong
[15:10] {Threei}  half out VNDA .96
[15:10] {dino} grinding day here
[15:10] {Threei}  will re0buy it if pulls back
[15:11] {Threei}  or let the remainder trade if breaks 11 and goes
[15:12] {Threei}  anyone went for this trade?
[15:12] {Threei}  aside of larisa who goes for retirement
[15:12] {larisa} all or nofing!
[15:13] {dino} holx out 
[15:13] {dino} +.01
[15:16] {dino} layn last try l .09
[15:17] {magoo} VAD..find me $500 bux and ill sendu pound of bacon
[15:18] {Threei}  mags... VNDA is my play of choice... risky as hell
[15:18] {magoo} am i tooo late?
[15:18] {Threei}  I am in at .80
[15:18] {nemo} I'm done for the day, regroup and see ya' tomorrow
[15:18] {Threei}  take care nemo
[15:24] {Threei}  larisa
[15:24] {Threei}  your retiremenet is getting closer
[15:24] {larisa} I sure hope so!
[15:24] {larisa} see you later :)
[15:24] {Threei}  wow
[15:25] {Threei}  she runs to the bank already
[15:25] {Threei}  new high VNDA
[15:25] {Threei}  fess up guys
[15:25] {Threei}  anyone took it?
[15:27] {Threei}  sigh
06[15:27] * Threei feels so alone
[15:28] {dino} out mygn .80, +.20
[15:29] {dino} layn out .26,+.17
[15:29] {magoo} tanx dino:) mygn
[15:30] {dino} :)
[15:35] {Threei}  in case I forget tomorrow, which is entirely possible
[15:36] {Threei}  lwet's watch COIN for 2.20 break
[15:42] {dino} sell side futes' financials
[15:43] {dino} holx l .00
[15:45] {dino} layn partial l .o1
[15:48] {Threei}  how about new high for the close, VNDA?
[15:48] {Threei}  can you?
[15:50] {fernp} bad day here. no excuses, tomorrow will be a better day :)
[15:50] {fernp} see you all tomorrow. good evening
[15:51] {dino} hang in there fern
[15:51] {Threei}  take care fern
[15:51] {dino} toughie
[15:53] {Threei}  interesting buys go off at COIN
[15:53] {Threei}  see those sizes at .14?
[15:55] {dptl} have a good evening all 
[15:55] {Threei}  taje care dp
[15:55] {Threei}  hurry up VNDA
[15:55] {Threei}  5 min to make new high
[15:57] {dino} out layn .22, +.21
[15:58] {Threei}  yesss
[15:58] {Threei}  new hig
[15:58] {Threei}  high too
[15:58] {dino} aipc overnighting, sm
[15:58] {magoo} good one vad
[15:58] {jfjf64} gj
[15:58] {Threei}  out some more at .45
[15:59] {Threei}  wow
[15:59] {Threei}  had it there for a while
[15:59] {Threei}  still keeping last part for tomorrow
[15:59] {Threei}  almost top-ticked it, .46 high
[16:00] {Threei}  very nice ending by VNDA
[16:00] {dino} hmm, seems holx too
[16:00] {Threei}  good
[16:00] {Threei}  let's go up
[16:00] {Threei}  it's more fun
[16:01] {Threei}  okay guys
[16:01] {Threei}  end of the day helped a bit
[16:01] {dino} thx all gotta hop, good times
[16:01] {Threei}  not as bleak as it started
[16:01] {magoo} ty
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {jfjf64} good night   all