Thursday, May 14, 2009

May 14 2009

One of those "can do no wrong" days. All plays worked like charm on both long and short side. DRYS, WFC, LVS, MGM, HIG, some of them gave a few plays. 

Session Time: Thu May 14 00:00:00 2009

[07:47] {vinod} good morning
[07:48] {nemo} mornin'
[07:48] {vinod} I am early Have meeting at 8.00
[07:48] {nemo} in something already vinod?
[07:49] {vinod} I expect we go down big today
[07:49] {nemo} I would agree, but that probably means we're wrong
[07:49] {vinod} they going to let people go today and i have to delet their log on
[07:49] {nemo} oy weh
[07:49] {vinod} see you nemo
[07:50] {nemo} take care vinod
[08:08] {Threei} Good morning
[08:08] {magoo} morning
[08:08] {lamant} morning
[08:08] {Threei} magooevsky. lamant :)
[08:09] {magoo} nice :)
[08:09] {lamant} :) hehe
[08:09] {magoo} man..i didnt see vnda close 12.96..sheesh
[08:09] {Threei} no kidding
[08:09] {Threei} rocket
[08:10] {magoo} thats one i wish i had a do-over
[08:10] {Threei} I wish it weren't so incredibly volatile so I could call it with more confidence
[08:10] {Threei} intuition was screaming it's a mover... discipline said, look at the size of the loss on it if anything goes wrong
[08:11] {Threei} thing drops a dollar ona a few sales, lol
[08:11] {Threei} but I am going to tease larisa about it for years to come
[08:16] {nemo} RIMM CAT FITB TCK DRYS continuuing to trend down from yesterday
[08:16] {Threei} interestingly enough NQ is green
[08:17] {magoo} to soon to conclude that nemo imo
[08:17] {nemo} Didn't say it would continue, that's where they are at the moment
[08:18] {magoo} oops..sorry
[08:20] {nemo} no probs...vinod was on earlier, said thinks we'll go down big today. I agreed, and then said, "which probably means we're wrong." I'm a broken clock, dude. Right twice a day
[08:20] {Threei} hey
[08:20] {Threei} just make sure you do two trades a day,
[08:20] {Threei} and time them exactly right with that broken clock moment
[08:20] {Threei} and you'll retire in no time
[08:20] {magoo} lol vad
[08:21] {nemo} piece a cake
[08:21] {Threei} see? I provide morning sunshine
[08:21] {magoo} could be extremely successful..take 200k shares twice a day for a dime
[08:21] {nemo} so what movie we doing today Mags?
[08:21] {Threei} mags is doing fallen
[08:21] {Threei} he promised me
[08:21] {nemo} Azazel
[08:22] {nemo} "Did I ever tell you about the day I almost died?"
[08:22] {Threei} hey
[08:22] {magoo} mags "has"fallen
[08:22] {Threei} don't sppil it for him
[08:22] {Threei} spoil
[08:22] {nemo} "Please allow me to introduce myself..."
[08:22] {nemo} Great movie mags...
06[08:23] * Threei slaps magoo around a bit with a large DVD box and list of broken promises
[08:23] {magoo} put me on the broken promises list
[08:24] {nemo} Tiiiime is on my side, yes it is...
[08:25] {Threei} that's not a list you want to be on mags
[08:26] {Threei} too many politicians for comfort
[08:30] {Threei} *APR PRODUCER PRICE INDEX M/M: 0.3% V 0.2%E
[08:30] {nemo} energy probably
[08:30] {Threei} PPI EX FOOD&ENERGY: 0.1% V 0.1%E
[08:30] {nemo} there you go
[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 637K V 610KE; CONTINUING CLAIMS: 6.560M V 6.400ME
[08:31] {nemo} not as dumb as i look
[08:31] {Threei} - Prior jobless claims revised from 601K to 605K
[08:31] {Threei} - Prior Continuing Claims revised from 6.351M to 6.358M
[08:31] {nemo} then again, NO ONE could be as dumb as I look
[08:32] {pita} gm all
[08:33] {Threei} pita :)
[08:39] {fernp} good morning everybody
[08:39] {Threei} fern :)
[08:42] {Threei} WFC is once of stronger finnies
[08:45] {Threei} things are greening slowly
[08:46] {nemo} green shoots
[08:46] {Threei} yeah, them
[08:46] {pita} need more manure
[08:46] {Threei} rofl
[08:46] {Threei} shouldn't be a problem I guess
[08:47] {pita} there's plenty
[08:47] {cosmo} it just needs to be refined
[08:47] {Threei} and presses are still on
[08:48] {pita} processed - that's what the talking heads do
[08:50] {cosmo} yeah...they chew on it
[08:50] {dino} gm all
[08:51] {Threei} dino :)
[08:51] {nemo} dino :)
[08:51] {nemo} What movie today Dino?
[08:51] {dino} lol
[08:51] {Threei} oh jeez
[08:51] {Threei} look at this:
[08:52] {Threei} WINNIPEG A winter storm watch has been issued for parts of western Manitoba and the Interlake.
[08:52] {Threei} Environment Canada says a low pressure system in Alberta will track across Saskatchewan today and into Manitoba by tonight.
[08:52] {Threei} Rain is expected to begin this evening and change to snow overnight, with snow tapering off near midday Friday. Up to 20 centimetres of snow are possible
[08:52] {Threei} am I ever glad I moved...
[08:52] {nemo} GLobal warming
[08:53] {cosmo} every day it starts over again...
[08:53] {pita} renewal?
[08:54] {cosmo} the sun
[08:54] {cosmo} top down
[08:54] {pita} y
[08:54] {nemo} bottoms up!
[08:54] {cosmo} hmmm .... methane from the depths
[08:54] {nemo} what did you eat?
[08:55] {cosmo} uppers
[08:55] {nemo} oy....
[08:57] {ese} morning vad.....
[08:58] {ese} nemo cos
[08:58] {ese} pita
[08:59] {pita} ese
[09:00] {nemo} ese ...:)
[09:02] {Threei} ese :)
[09:02] {ese} snow in manitoba ehhhhhh....
[09:02] {dino} rmbs
[09:04] {jfjf64} mornin
[09:05] {cosmo} rmbs: another good day in court
[09:06] {ese} you and me are both glad we moved here vad
[09:06] {Threei} 05/14/09 09:00am
[09:06] {Threei} [RMBS] Rambus Inc FTC dismisses case against company
[09:06] {Threei} - FTC has issued an order dismissing the remainder of its case against Rambus. This follows a recent denial of the Commissions request for certiorari with the US Supreme Court to review the Rambus case and brings the 7- year matter to a close.
[09:06] {Threei} - In its order, the FTC indicated it would not pursue further proceedings against Rambus in this matter, stating the Commission finds that further litigation in this matter would not be in the public interest.
[09:08] {Threei} GM
[09:10] {dptl} good morning all
[09:10] {Threei} dp :)
[09:12] {ese} dp
[09:15] {chinggis} gm all
[09:15] {Threei} chinggis :)
[09:19] {jfjf64} whats a matter vad i dont get smiley face!!!
[09:20] {Threei} sorry jf... RBSM distracted me... went looking for its news and missed your entrance
[09:20] {Threei} RMBS too
[09:20] {jfjf64} i know lol lets get em
[09:21] {Threei} is it deep emotional trauma or,given couple months of nave-gazing and case of vodka you'll be able to overcome?
[09:22] {Threei} you are not a snowwhite like magoo, are you... once I haven't smiled at him, he was pouting for weeks
[09:23] {jfjf64} not here
[09:23] {pita} bright side is..... no one's been trouted...yet
[09:23] {Threei} we are trying to stay away from fish till 9:24
[09:24] {pita} :)
[09:28] {Threei} WFC strength again
06[09:31] * nemo slaps Threei around a bit with a large trout
[09:32] {Threei} Long Setup: DRYS .16
[09:33] {dptl} in
[09:34] {dptl} stop?
[09:34] {Threei} under 6
[09:34] {Threei} sheesh WFC
[09:35] {dino} holx l .94
[09:36] {Threei} WFC quick pullback
[09:36] {Threei} let's see if we get something atound .40 - .50
[09:36] {nemo} fas
[09:37] {Threei} DRYS 1:1, half out
[09:37] {magoo} out druys .27 TY
[09:37] {fernp} out DRYS ty
[09:38] {Threei} 6 is major support for it... want to try and give second half a chance
[09:38] {nemo} out scalp
[09:38] {chinggis} out drys ty
[09:38] {Threei} welcome guys
[09:38] {dptl} half out ty
[09:38] {Threei} WFC, one more drop please?
[09:41] {magoo} be careful what u ask for lol
[09:42] {Threei} picked up half of DRYS back at .10
[09:42] {Threei} kind of umbrella trade
[09:43] {wulff} sneaky
[09:43] {Threei} sold .18
[09:44] {Threei} not doing it anymore unless it drop closer to 6
[09:44] {Threei} so I could get it back with very tight stop
[09:46] {Threei} look at VNDA drop... illustration to its volatility I mentioned earlier
[09:46] {ese} L RMBS .97 agressive enytry
[09:47] {dino} nktr
[09:47] {Threei} WFC becomes more interesting
[09:47] {Threei} not ready yet
[09:48] {Threei} NKTR
[09:48] {ese} stop .77
[09:49] {dino} prsc
[09:50] {ese} RMBS stopped -.20
[09:50] {dino} pru -10 since fri
[09:50] {ese} ya win some ya loose some
[09:50] {Threei} if DRYS holding 6, first uptick if for entry second half
[09:51] {Threei} stop is right under 6 for whole thing
[09:51] {Threei} out
[09:52] {Threei} never gave entry to add
[09:52] {Threei} (thank goodness)
[09:52] {Threei} look what happens when major support is broken
[09:52] {dino} pcln -015 since tues
[09:52] {dino} -15
[09:54] {pita} WFC?
[09:55] {Threei} WFC support in .90 for now
[09:55] {Threei} but FAS is still dropping
[09:55] {Threei} no indication whether it's a double bottom or breakdown
[09:57] {Threei} Long Setup: WFC 24 break if holding .90 this time
[09:57] {nemo} oops
[09:57] {Threei} too fast?
[09:57] {dptl} ye
[09:57] {magoo} i caught .05
[09:57] {fernp} missed here
[09:57] {nemo} just call me "thumbs"
[09:58] {Threei} watch FAS
[09:58] {Threei} WFC is good for another entry when FAS upticks
[09:59] {Threei} got .02 this time
[09:59] {Threei} half out .14
[09:59] {Threei} out 1/4 more
[10:00] {Threei} stop .99, offering .30
[10:00] {nemo} didn't see fas uptick until WFC had left station
[10:00] {Threei} it did, right when WFC was .01
[10:00] {Threei} mags... exiting any??
[10:01] {magoo} out full .28 here TY
[10:01] {Threei} whew
[10:02] {Threei} out .30
[10:02] {dino} vrtx
[10:02] {nemo} Massachusetts did that. You have to buy it
[10:04] {dino} sm l aipc .64
[10:04] {Threei} watch FAS/BAC pair now
[10:04] {Threei} 11 break is idea for BAC
[10:05] {magoo} too funny hit .99
[10:05] {Threei} too fast again
[10:05] {nemo} yeah
[10:05] {Threei} pulling back
[10:05] {magoo} outbac
[10:05] {magoo} dimer
[10:05] {Threei} brief dive under 11 iswhat I want to see for entry
[10:05] {magoo} .08 actually
[10:06] {Threei} yeah right
[10:07] {ese} I think that push down by drys might signal a turn around.....
[10:08] {Threei} Long Setup: LVS .80 break
[10:09] {Threei} watch MGM
[10:09] {Threei} LVS is aggressive entry when MGM upticks
[10:10] {Threei} in
[10:10] {Threei} .55 stop
[10:11] {Threei} come on MGM, break .80
[10:11] {dptl} in .62
[10:11] {Threei} yep, that's what I got too
[10:12] {magoo} .64
[10:13] {Threei} half out .72
[10:13] {dptl} out half
[10:13] {Threei} scalpers have over 1;1
[10:14] {Threei} stop .59 now
[10:14] {Threei} MGM drops
[10:14] {Threei} okay okay
[10:14] {Threei} out
[10:14] {jfjf64} ty vad
[10:15] {Threei} what's with these nervous movements today
[10:15] {dptl} out.56
[10:15] {Threei} market is like high school grad 1 hour before prom
[10:15] {dino} pru
[10:15] {jfjf64} joecool here
[10:15] {magoo} f'in WFC
[10:16] {Threei} WFC should drop into .50 now mags
[10:16] {Threei} if you like it, watch for entry around there with FAS guidance
[10:17] {Threei} what's that?
[10:17] {Threei} Long Setup: MGM .65
[10:18] {Threei} scalpers aim to axit above .70
[10:18] {Threei} with stop under .60
[10:18] {Threei} daytraders hold with stop under .50
[10:19] {Threei} and look to partial close to .80
[10:19] {Threei} you got your WFC magoo?
[10:19] {Threei} hit .53, like clockwork
[10:19] {magoo} no u like?
[10:19] {Threei} don't know didn't watch it at the moment
[10:19] {Threei} assumed you did
[10:20] {dptl} in mgm .87
[10:20] {dptl} .67
[10:20] {Threei} scared the hell out of me dp
[10:20] {nemo} in .66
[10:20] {Threei} but even .67 a bit too high...
[10:20] {Threei} trigger was .65, adn was easily available
[10:21] {nemo} out ty
[10:21] {Threei} scalpers got their target
[10:22] {ese} bstop drys .17
[10:23] {dptl} out
[10:23] {ese} sorry that bstop is .19
[10:23] {dptl} .72
[10:23] {Threei} guys, let's elaborate definitions
[10:23] {Threei} Long Setup: ABCD 20 break
[10:24] {Threei} means buy when broken
[10:24] {Threei} unless you want aggresive entry of course
[10:24] {jfjf64} cant pull up
[10:24] {Threei} prepare limit entry at 20.03 if 3 cents chansing is your limit of tolreance
[10:25] {Threei} and click buy when 20 offers disappear
[10:25] {Threei} now,
[10:25] {Threei} Long Setup: ABCD 20
[10:25] {Threei} means, 20 itself is a trigger,
[10:25] {Threei} prepare 20.01 entry,
[10:25] {Threei} don't be a first buyer unless stock is thin
[10:25] {Threei} and try to grab 20 when buying starts and offers melt down
[10:26] {Threei} worst casde scenario, get 20.01
[10:26] {magoo} out .77 MGM ty
[10:26] {Threei} call for .65 entry was caused by the fact that MGM topped at .64 twice
[10:26] {Threei} day traders got 1:1 on MGM
[10:26] {dino} pru wall at .50
[10:27] {Threei} so, .65 became a trigger,
[10:27] {Threei} but since there was a scalping version for a very small gain in this play
[10:27] {Threei} I didn't want to say .64 break, which leaves too much room
[10:27] {Threei} and opted for strict .65
[10:28] {Threei} hope it's clear
[10:30] {dino} sm l .50
[10:30] {ese} bstop intc .48
[10:30] {nemo} of what dino pru?
[10:30] {dino} y
[10:30] {ese} couple of bstops we'll see what happens
[10:31] {wulff} I tried to buy ABCD but missed it.
[10:31] {nemo} you used capitals?
[10:32] {dino} stop to .47 mkt drop
[10:33] {nemo} tchk?
[10:33] {nemo} tck?
[10:34] {ese} L intc
[10:35] {wulff} HIG
[10:35] {magoo} WFC
[10:35] {dino} to .80
[10:36] {magoo} seems 25 comiyth
[10:36] {dino} out +.30
[10:40] {Threei} let's leave WFC alone for now
[10:40] {Threei} HIG feels like better candidate
[10:45] {dino} feels like a friday
[10:52] {dino} holx stopped -.22
[10:52] {Threei} sheesh LVS
[10:53] {magoo} really
[10:59] {ese} l drys filled at .18
[11:01] {Threei} - auditors will have to be registered with PCAOB audit watchdog
[11:03] {Threei} LVS
[11:03] {Threei} dropped right into .80 support
[11:03] {nemo} an...
[11:04] {Threei} let's see if it gives chance for entry by approaching it once again, before going back up
[11:04] {Threei} first strength from here
[11:04] {Threei} in
[11:04] {Threei} stop under .80
[11:04] {dptl} in .06
[11:05] {dptl} .86
[11:05] {magoo} .90
[11:05] {magoo} dammit:)
[11:05] {Threei} sheesh
[11:05] {Threei} mags... what;s with relentless chasing
[11:05] {Threei} anyway
[11:05] {Threei} out
[11:05] {Threei} .98
[11:05] {dptl} out .96 ty
[11:05] {magoo} slow
[11:05] {jfjf64} .96 ty nicee
[11:05] {Threei} clean play on pullback into formet resistance, new support
[11:06] {magoo} out .03
[11:06] {chinggis} out 9.01 ty ty
[11:06] {nemo} tck keeps going
[11:06] {magoo} i just got to desk from coffee run
[11:06] {magoo} never saw .86
[11:06] {jfjf64} could not of said bettr picture perfect
[11:07] {dino} crmt
[11:07] {dino} t l .15
[11:08] {Threei} pelosi on interrogation techniques and hw she was or was not briefed
[11:08] {Threei} is there any sngle person in USA who believes her?
[11:09] {nemo} lying pisd..!
[11:10] {nemo} wfc va
[11:10] {nemo} vd
[11:10] {nemo} vad
[11:10] {nemo} jeez
[11:11] {nemo} Vad's school of keyboard wizardry
[11:11] {vinod} good afternoon
[11:11] {Threei} vinod :)
[11:12] {jfjf64} fas 9.00
[11:12] {jfjf64} tough ##
[11:14] {Threei} I keep waiting for HIG pulback and not getting it
[11:14] {Threei} too conditioned to ignore breakouts lately
[11:14] {nemo} one of the financials really pulling back
[11:14] {nemo} none
[11:15] {dino} glre
[11:15] {wulff} too conditioned to ignore pullbacks am i
[11:21] {ese} ok out intc .55 +.07 huge done for the day all still long drys.....see you tomorow
[11:23] {dino} gj es
[11:23] {Threei} take care ese
[11:26] {jfjf64} sellin hig
[11:32] {nemo} how'd the hatchet job go vinod?
[11:32] {Threei} Short Setup: HIG .25 break
[11:33] {dptl} in
[11:33] {magoo} in
[11:33] {nemo} in
[11:34] {nemo} stop?
[11:34] {dptl} stop .35?
[11:34] {Threei} stop above .35
[11:34] {Threei} for hardcore scalpers above .30
[11:35] {Threei} and they are about to get their 1;1
[11:35] {Threei} there they go
[11:36] {Threei} 1:1 for first version of stop
[11:37] {dptl} half out .15 ty
[11:37] {pita} HIG ty, gotta go, cu later
[11:37] {Threei} take care pita
[11:37] {magoo} take care pita
[11:40] {magoo} out
[11:40] {dptl} all out now
[11:40] {Threei} you guys are really stingy
[11:40] {nemo} shorting on an up day
[11:41] {Threei} is it a "tsk tsk tsk" kind of comment?
[11:41] {nemo} tck tck tck
[11:42] {Threei} because if it's a question, I can explain... but if it's a reproach, I take tomorrow off
[11:42] {Threei} and the rest of today
[11:42] {nemo} no reproach
[11:42] {Threei} and whole weekend
[11:42] {Threei} come on
[11:43] {Threei} say yes reproach
[11:43] {nemo} I prefer admonishment
[11:43] {Threei} more than tghree syllables
[11:43] {nemo} out
[11:44] {dptl} what is it, reproach?
[11:44] {nemo} approach
06[11:44] * Threei sends dp The Dictionary of Under Three Syllables Words
[11:45] {Threei} 1;2
[11:45] {dptl} oh here is my .05 too stingy i am :)
[11:45] {Threei} 1/4 more out
[11:45] {Threei} why modify the standard procedure?
[11:45] {Threei} 1:1, stop to breakeven
[11:45] {Threei} which would be .25 - .26
[11:45] {Threei} what kind of stop was that, above .20?
[11:45] {Threei} not here nor there
06[11:46] * dptl slaps dptl around a bit with a large trout
[11:46] {Threei} ty
[11:46] {Threei} slap nemo with something hard and heavy while you are at it
06[11:46] * dptl slaps nemo around a bit with a large trout
06[11:46] * nemo in foxhole
[11:47] {Threei} btw, speaking of standard procedures...
[11:48] {Threei} where is the stop for the last portion now?
[11:48] {magoo} 05
[11:48] {dptl} .05
[11:48] {nemo} .05
[11:48] {Threei} and before this last bounce?
[11:48] {dptl} .22
[11:48] {magoo} huh?
[11:48] {Threei} lol
[11:49] {nemo} 1:1
[11:49] {dptl} no .12
[11:49] {Threei} never mind magoo...
[11:49] {Threei} nemo gets the prise
[11:49] {Threei} out last portion
[11:49] {magoo} long here .05
[11:49] {nemo} what I win what I win what I win :)
[11:49] {Threei} ummm... prize to be determined yet
[11:50] {nemo} Larry retire?
[11:50] {Threei} I guess
[11:52] {Threei} Long Setup: HIG .05 break
[11:52] {Threei} if stays above 14 for those hardcore etcm
[11:52] {magoo} echo??
[11:52] {Threei} if stays above .95 for sane traders
[11:52] {magoo} [11:49] {magoo} long here .05
[11:52] {dptl} in
[11:53] {Threei} you are welcome to view it as validation, magooski {G}
[11:53] {nemo} cmon give me .07!
[11:54] {nemo} in
[11:54] {nemo} stop @ .00
[11:55] {Threei} pesky hardcore etc got their 1:1
[11:56] {dptl} out ty
[11:56] {Threei} stingy ones too
[11:57] {nemo} out ty
[11:57] {jfjf64} out ty
[11:57] {Threei} sane ones got their 1;1
[11:57] {nemo} lunchtime scalps
[11:57] {Threei} then there is magoo...
[11:58] {magoo} WFC rips
[11:59] {nemo} sw that Mags
[11:59] {magoo} in 02 WFC'
[11:59] {nemo} saw
[12:00] {Threei} WFC
[12:00] {Threei} - BFSR ratings to C- from D+; cites imrpovement in capital ratios
[12:00] {Threei} wow
[12:00] {Threei} that's first rathing upgrade I've seen since
[12:00] {Threei} ummm
[12:00] {Threei} forever
[12:01] {magoo} out here .16
[12:02] {magoo} new HIGH SPY
[12:02] {Threei} HIG on the move
[12:03] {magoo} phone for u vad..its LVS
[12:03] {jfjf64} lol mags
[12:03] {nemo} reentry on hig over .20?
[12:04] {Threei} no
[12:04] {Threei} don't buy tisk
[12:05] {Threei} interesting how MGM is so much weaker
[12:08] {Threei} sheesh
[12:08] {Threei} 20 people in the room, no one asked what tisk is?
[12:09] {nemo} risk
[12:09] {nemo} Vaadish
[12:09] {Threei} either you all are proficient in Threeish,
[12:09] {nemo} do I get another prize
[12:09] {Threei} or you all are asleep,
[12:09] {Threei} you sure do
[12:09] {patience} vad, i need a refresher course on trade what you see. I keep waiting for POT to drop and the sod keeps going up. What is tisk?
[12:09] {Threei} risk :)
[12:10] {nemo} patience...[12:08] {&Threei} 20 people in the room, no one asked what tisk is?
[12:10] {nemo} [12:09] {nemo} risk
06[12:10] * nemo slaps laserdave around a bit with a large narwhal
[12:10] {patience} i'm distracted with POT...I can't believe it keeps going up
[12:10] {Threei} every print can be viewed as someone buying riskm and someone selling risk
06[12:10] * nemo hopes he didn't get laserdave with the tusk
[12:11] {magoo} out hig here .26..not bad for nut job:)
[12:11] {Threei} there is certain level where it's reasonable
[12:11] {Threei} and then there is magoo :)
[12:11] {Threei} with HIG entry at .05 it is reasonable ro hold for .20 break,
[12:11] {Threei} but to buy there as a new entry - buying too much risk
[12:12] {Threei} anyway, glad to see we played HIG on both sides
[12:12] {Threei} like violing.. short, cover, switch to long
[12:12] {Threei} violing?
[12:12] {Threei} sigh
[12:13] {jfjf64} double good
[12:13] {nemo} Although, since I first asked about 20 break it built a range for about 7 minutes before breaking. WHile buildig the range volume decreased from initial pop over .20 and then increased when it broke .20 the 3rd time.
[12:13] {Threei} or as old little Johnny joke goes, twice is twice
[12:13] {nemo} at the same time?
[12:14] {Threei} it made a play more reasonable
[12:14] {nemo} Isn't that little misha
[12:14] {Threei} and if HIG wasn't up over two bucks already from the low, I would go for it
[12:15] {nemo} would have been a scalp. Is HIG possibly coming into support here?
[12:25] {Threei} - notes there is no appeal process for the dealers that are being cut
[12:26] {Threei} what a frikin disaster...
[12:26] {Threei} Long Setup: LVS .50 break
[12:26] {Threei} just a scalp most likelyt
[12:27] {Threei} no chasing beyond .51
[12:27] {dptl} in
[12:27] {nemo} that was quick
[12:27] {magoo} .49
[12:28] {dptl} stop under .40 right?
[12:28] {nemo} in
[12:28] {Threei} or under .45
[12:28] {Threei} both are valid
[12:29] {Threei} for differenet degrees of stingyness
[12:29] {nemo} partial fill
[12:29] {Threei} 1:1 for most stingy
[12:30] {nemo} ty
[12:30] {dptl} out
[12:30] {Threei} 1:1 for less stingy
[12:30] {magoo} i can nebver remember if im stingy..greey..insane?
[12:30] {nemo} or all three
[12:31] {Threei} you are all things imaginable, mags
[12:31] {Threei} oh and some of unimaginable too
[12:31] {dptl} jee i am tooo stingy today
[12:31] {nemo} frickin antichrist
[12:31] {wulff} TY out .62
[12:31] {Threei} hey
[12:31] {Threei} guess who is on TV
[12:31] {Threei} wulff :)
[12:31] {nemo} Oprah?
[12:31] {Threei} you wish
[12:31] {nemo} Hillary?
[12:32] {nemo} Janene Garofalo?
[12:32] {magoo} out here .68 TY vader lord of flies
[12:32] {Threei} 1:2
[12:32] {Threei} out in full
[12:32] {jfjf64} ty
[12:32] {Threei} welcome
[12:32] {jfjf64} schhss
[12:32] {Threei} say what?
[12:32] {Threei} actually... never mind
[12:33] {Threei} schhss to you too
[12:33] {jfjf64} lol
[12:36] {Threei} GM
[12:37] {vinod} a new cady?
[12:37] {jfjf64} are ya serious car vouchers
[12:37] {Threei} me?
[12:38] {Threei} I am copying and pasting
[12:38] {Threei} shoot the messenger all you wish
[12:39] {Threei} now UAW is thinking:
[12:39] {Threei} we can accpet all those alms,
[12:39] {vinod} UAW workers will be census taker jobs to count the half dozen or so of people who still remain in Detroit
[12:39] {Threei} or we can stand firm, send them to bankruptcy and get them for ourselves just as we did Chrysler
[12:41] {vinod} out DRYS 6.30 from earlier in morning
[12:43] {Threei} not bad
[12:43] {vinod} they let some people go today and i was bussy
[12:44] {vinod} let people go from mutual fund group only
[12:45] {jfjf64} hig shortable14.10
[12:45] {jfjf64} ?
[12:46] {Threei} not sure
[12:47] {jfjf64} ty
[12:50] {jfjf64} invalid i cd say thanks
[12:55] {chinggis} Vad any read on BRCD?
[12:56] {Threei} I like the chart... just feels like its potential for the day is exhausted
[12:56] {Threei} or very close to it
[12:56] {Threei} unless market makes a huge move, BCRD doesn't have much gas left for the day
[12:57] {Threei} wow... Prez... "even if you are not a member of union, you owe something to the unions"
[12:57] {chinggis} ok ty vad
[12:57] {nemo} you've got to be shitting me?!
[12:57] {Threei} live on TV
[12:58] {nemo} well, they were a huge reason democrats were elected, they'll be paying them off for years
[12:58] {Threei} free choice act will level playing fieled
[12:58] {nemo} free choice?
[13:00] {Threei} do away with secret ballot on union drives
[13:00] {nemo} no, that won't level the playing field, it let's the unions know exactly who is voting for what so they can apply pressure
[13:01] {Threei} preaching to the choire
[13:02] {Threei} I was quoting still, in case it wasn't clear
[13:02] {magoo} hey vad..i eatring bacon cheeseburg
[13:02] {Threei} see you in an hour
[13:02] {Threei} magoo did it
[13:03] {nemo} Mmmmh...FITB had a 9.2% increase in short interest last month
[13:18] {Threei} interesting
[13:19] {Threei} look how HIG is holding while market and FAS drop
[13:19] {nemo} in
[13:19] {nemo} just kidding
[13:20] {magoo} dammit..dumped my coke on keyboard
[13:20] {magoo} son of a beeeaaatch
[13:20] {nemo} liquid?
[13:20] {Threei} you guys are easy to humor eh?
[13:21] {nemo} and your's is so sophisticate
[13:21] {nemo} d
[13:23] {magoo} BKUNA vad
[13:27] {Threei} - private equity groups reportedly want BKUNA in receivership because it would allow them to buy the assets without paying for the equity.
[13:27] {Threei} - Note: Bidders rumored in past have included JC Flowers and Co, BX, Carlyle Group and Wilbur Ross
[13:28] {Threei} this is beyond joke:
[13:28] {Threei} - Notes that the first stimulus package has yet to realize its full potential
[13:28] {vinod} mor viagra?
[13:29] {vinod} any long short?
[13:29] {nemo} for pelosi! It would take more than viagra for me
[13:31] {vinod} no. comment. boss will get mad!!!!!!!!!!
[13:39] {jfjf64} lvs strong mgm sleep walkin again
[13:43] {dino} pretty sure it hasn't passed yet
[13:44] {jfjf64} i agree
[13:44] {dino} arst sm l .90
[13:48] {Threei} feels like HIG is setting up for another martch up
[13:50] {jfjf64} hmm
[13:52] {magoo} lvs nears top vad
[13:54] {magoo} mgm moving vad
[13:54] {Threei} thanks for keeping me updated mags...
[13:54] {magoo} long .28
[13:55] {magoo} huh?
[13:55] {Threei} well... you take extra pain to let me know what moves.. so I thought I would exp]ress appreciation
[13:56] {magoo} just team player here
[13:59] {wulff} vad the market closes in 2 hours
[13:59] {Threei} wow
[13:59] {Threei} you guys are just bottomless well of information today {G}
[13:59] {Threei} truly inexhaustible
[13:59] {nemo} deep subject
[14:00] {magoo} roflol wulff
[14:01] {Threei} lol, still giggling here
[14:01] {wulff} Missed FAs bounce
[14:01] {magoo} MGM MGM MGM
[14:01] {Threei} HIG too
[14:02] {magoo} LVS LVS
[14:08] {wulff} I know you hate BO's, but LVS C-H?
[14:08] {magoo} out mgm .40
[14:14] {magoo} out hig .88 TY boss
[14:16] {Threei} I don't hate them per se wulff
[14:16] {Threei} I just don't believe we are in the market where they work
[14:20] {wulff} picky picky
[14:20] {jfjf64} hig monster
[14:23] {magoo} new high in micspoozy
[14:23] {magoo} SPY
[14:28] {magoo} vad..only 90 minutes left
[14:29] {dptl} i think i'm gonna call it a day (good one) ty... and have a good evening all :)
[14:29] {Threei} mags... we are running at frikin 100% today... is there limit to your demands??? :)
[14:29] {Threei} take care dp
[14:29] {magoo} no
[14:29] {Threei} lol, didn't think so
[14:33] {magoo} pissed u had to ask?
[14:33] {magoo} lol
[14:33] {Threei} hehe
[14:38] {magoo} micspooz
[14:38] {magoo} high
[14:39] {jfjf64} market new highs vad
[14:40] {dino} arst to flat
[14:40] {Threei} sigh
[14:40] {Threei} you guys really want to rid me of the crown of Captain Obvious
[14:41] {jfjf64} no we realy want hig pullback lol
[14:42] {Threei} here it is
[14:42] {jfjf64} need fas to corporate
[14:43] {nemo} look at the volumes on the indices
[14:44] {Threei} on a light side
[14:44] {nemo} anorexic
[14:46] {dino} aipc stop to .97 alldayer
[14:47] {jfjf64} hig
[14:47] {Threei} ok
[14:47] {Threei} prepare half lot if you want to paly it
[14:48] {jfjf64} k
[14:48] {Threei} 15 break
[14:48] {Threei} stop under .95
[14:48] {Threei} this type of plays ca take a few tries
[14:48] {Threei} that's why half lot, so you could do it without to much damange
[14:49] {dino} make it .02 mkt drop
[14:49] {Threei} and no chasing
[14:49] {Threei} it's a precision play
[14:50] {Threei} 1:1
[14:50] {fernp} out ty
[14:50] {Threei} nice and easy
[14:50] {jfjf64} out ty
[14:51] {dino} to .14
[14:52] {jfjf64} that was stress
[14:52] {jfjf64} good read with half lot
[14:52] {dino} out .20 ave, +.56
[14:53] {Threei} well jf... government thinks banks are better for the stress tests
[14:53] {Threei} same probably should apply to you
[14:54] {Threei} and hey... where does the stress come from... we run at 100% today, no single stop,
[14:54] {laserdave} test
[14:54] {Threei} littgle play half lot with 6-7 cents stop,
06[14:54] * nemo slaps laserdave around a bit with a large trout
[14:54] {Threei} how can it be that stressful? "_
[14:54] {laserdave} i needed that
[14:54] {laserdave} thanks
[14:54] {nemo} np
06[14:55] * Threei slaps laserdave around a bit with a large banner TEST THIS!
[14:55] {jfjf64} seems lk hig wants to gv all back
[14:55] {laserdave} i always pass the test
[14:57] {dino} arst stopped .94, +.04
[14:57] {nemo} hig crossback 15?
[14:57] {Threei} nah
[14:57] {jfjf64} im thinkin too much
[14:58] {Threei} lower lowes, lolwer highs
[14:58] {nemo} better you than me?
[14:58] {Threei} why go second time for teh same trigger,
[14:58] {Threei} to have less potential and bigger stop?
[14:58] {Threei} for this trigger to become valid HIG needs to stop making lower lows,
[14:59] {Threei} consolidate a bit
[14:59] {Threei} then break
[14:59] {Threei} otherwise chances of false break arwe too high
[15:00] {Threei} VNDA
[15:00] {Threei} - will present posters on its newly approved atypical antipsychotic, Fanapt (iloperidone), at the 162nd American Psychiatric Association (APA) annual meeting in San Francisco, California. Fanapt is indicated for the acute treatment of schizophrenia in adults. Vanda will also present two posters on tasimelteon at APA
[15:11] {dino} ddrx
[15:11] {dino} ens
[15:13] {Threei} hey guys... rounds of applause for Larisa who came out of retirement for an hour to say hello
[15:14] {Threei} sleepy or jealous?
[15:15] {larisa} or dead :) later :)
[15:15] {Threei} :)
[15:15] {jfjf64} hi larissa
[15:15] {Threei} to late
[15:21] {Threei} hmmm
[15:21] {Threei} HIG stopped following FAS up
[15:22] {Threei} server hiccup?
[15:22] {nemo} i'm fine
[15:22] {fernp} me too
[15:22] {nemo} connection wise
[15:22] {Threei} 9 people got dumped at the same time
[15:27] {Threei} they return
[15:27] {nemo} Hah! Lord Vader you have Capt. Kirk to contend with...
[15:28] {jfjf64} is this a wedge hig
[15:28] {Threei} it makes meaningless momvements here,
[15:29] {Threei} market/FAS next move will define whast HIG does,
[15:29] {nemo} or to be grammatically correct... with whom to contend. Well, off for the day...sayonara
[15:29] {Threei} with downward bias most likely
[15:29] {Threei} take care nemo
[15:29] {jfjf64} ty
[15:29] {nemo} Take it any way I can get it :)
[15:30] {vinod} nemo-you had it right i said at 8.00 a.m market will do down
[15:31] {dino} wrld s .16
[15:33] {Threei} wow
[15:33] {Threei} little did I know typing "downward bias" eh?
[15:34] {jfjf64} hmm
[15:35] {jfjf64} all day follow fas
[15:38] {Threei} I even prepared alert typed
[15:38] {Threei} if market breaks down, HIG .90 short
[15:39] {Threei} and refrained
[15:40] {dino} bstop wrld to b/e
[15:41] {fernp} have to go. good evening all. see you tomorrow
[15:41] {dino} to .12
[15:41] {dino} cya fernp
[15:41] {Threei} take care fern
[15:45] {dino} cov .12 +.04
[15:47] {jfjf64} good night all nice day ty
[15:48] {Threei} wait jf
[15:48] {Threei} I need to show you this guys
[15:48] {dino} cya jf
[15:48] {jfjf64} here
[15:48] {Threei} Eighty-four percent (84%) of Americans say English should be the official language of the United States.
[15:48] {Threei} I have a queatikon
[15:48] {Threei} why is it even a subject of syrvey??
[15:49] {Threei} Eighty-one percent (81%) say a U.S. company should be allowed to require employees to speak English on the job
[15:49] {Threei} ???
[15:50] {Threei} that's so weird
[15:50] {jfjf64} crazy
[15:51] {Threei} volume is fairly questionable today
[15:51] {Threei} although buying looked quite sustainable
[15:52] {Threei} shrug
[15:52] {Threei} no predictions, taking it day by day
[15:56] {Threei} okay guys, nice day today
[15:56] {Threei} as always... market changes, takes us a day or two to adapt, then we restore our wining streak
[15:56] {dino} wrld s .20 sm
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening
[15:57] {Threei} see you tomorrow
[15:58] {dino} take care vad
[16:00] {magoo} ty all