Two shots, two kills. Nice wins on FEED and FMCN. Then whole day of sloooow action, until CTIC got halted, got nice news and provided some scalp opportunities after coming out of halt.
Session Time: Mon Jun 01 00:00:00 2009
[08:29] {vinod} good morning
[08:29] {nemo} Vinod
[08:29] {vinod} I thought no one is at home
[08:30] {nemo} there's a few loiterers, but no sign of the weekend warrior
[08:31] {vinod} look like 9000 this week
[08:31] {patience} good morning guys :)
[08:31] {nemo} patience :)
[08:32] {nemo} yeah, that goose on friday with the info on the Chinese PMI is rocketing everything. Including oil, which should be helpful to the US...not
[08:33] {vinod} i think worse is behind for us in usa
[08:34] {nemo} Arguably...$ weakens, everything including oil becomes more expensive. China and India expand their internal markets continuing to drive up the price of oil
[08:35] {jfjf64} mornin guys
[08:38] {vinod} Stuck in Seattle or hijack by Taliban
[08:43] {Threei} Good morning
[08:47] {ese} good morning Seatle Guy!
[08:48] {pita} gm all
[08:48] {ese} market up big dow futures 100+
[08:48] {nemo} pita:
[08:48] {ese} pita
[08:48] {pita} hi guys
[08:48] {Threei} ese, pita, nemo :)
[08:51] {ese} How did you get to seatle by the way vad? drive/ferry or the clipper?
[08:51] {nemo} His Gulfstream 5
[08:52] {ese} now that was funny
[08:52] {Threei} Clipper
[08:52] {nemo} HI ese
[08:52] {ese} hey nemo.....
06[08:53] * nemo slaps magoo around a bit with a large trout
[08:53] {magoo} morning
[08:53] {ese} how was it....have never been on it......
[08:53] {ese} mags
[08:53] {nemo} magus
[08:53] {Threei} magoo :)
[08:53] {Threei} fast and relaxing ese
[08:54] {Threei} 2 and half hours of nice views around, and you are downtown Seattle
[08:54] {ese} nice
[08:55] {cosmo} ... but sleepless..
[08:55] {ese} where does it depart from....inner harbour or Ogden Point by the break wqater
[08:56] {nemo} Market is shaping up for another one of those blasts out of the gate and then loiter around.
[08:56] {Threei} Inner Harbor
[08:59] {ese} door to door almost....gotta like lide that.....stop in at Bill Gates place ehhhhh got some inside tipf for us maybe huuuuhh?
[09:05] {ese} ahhhhhh nooooo! i get it cos....took me a while to get the joke but I got it......."Sleepless in Seatle " movie........
[09:06] {cosmo} sigh
[09:06] {ese} i know....i know.......i'll try to be better the next time
[09:07] {cosmo} hah ....sometime i have a hard time getting through....
[09:08] {vinod} why some one go for a sleep in seatle?
[09:08] {fernp} good morning everybody
[09:08] {Threei} fern :)
[09:08] {vinod} so, no one can find out?
[09:08] {Threei} ABIO getting killed
[09:10] {ese} what happened to them?
[09:10] {chinggis} goodmorning
[09:10] {Threei} chinggis :)
[09:10] {ese} cha ching
[09:12] {ese} how much do you think GM is going to weigh on the market vad
[09:12] {Threei} FDA rejected their drug
[09:12] {nemo} zilch
[09:12] {ese} ahhh
[09:12] {Threei} doesn't seem to be weighing at all
[09:13] {Threei} market accepted and priced in GM already
[09:13] {magoo} gm..everyone knew ..mkt is a discounting mecanism
[09:13] {ese} true
[09:13] {magoo} prices the future
[09:13] {Threei} CSCO replaces GM in index
[09:14] {Threei} TRV replaces Citi
[09:14] {Threei} what can possibly happen to index if you replace bad components all the time?
[09:15] {Threei} ultimate Potemkin village
[09:15] {nemo} hey! you stole my reference
[09:15] {Threei} ummm
[09:15] {ese} thats a good point.....never looked at it this way
[09:16] {Threei} except we were taught that reference in I think grade 2, nemo... {G}
[09:16] {nemo} Yeah, I don't think I'd heard of Russia by then
[09:16] {Threei} ese... remember those nice charts financial advicors show you as a proff that "in a long rin market goes up"?
[09:17] {ese} yup
[09:17] {Threei} which are being used to convince you to stay fully invested, add to your portfolio,, diversify it,
[09:17] {Threei} improve your cost basis etc
[09:17] {ese} yup
[09:17] {Threei} imagine how those charts would look if they
[09:17] {Threei} 1. were djusted for inflation
[09:18] {Threei} 2. would reflect index without costant rebalancing by weeeding out some companies and adding other
[09:18] {nemo} yeah, the $ is inversely correlated to the DOW. Basically, you've made nothing for 80 years since the Fed was instituted
[09:18] {dptl} good morning all
[09:18] {ese} dp
[09:18] {Threei} dp :)
[09:19] {dino} ghm all
[09:19] {dino} gm that is
[09:20] {Threei} dino :)
[09:21] {dino} good point 3i, but i guess thats what marketing is about
[09:22] {Threei} sure...
[09:22] {Threei} which is another way of saying that financial advisors are salesmen, not advisors
[09:23] {dino} they are the "sell side"
[09:26] {jfjf64} mornin
[09:26] {Threei} jf :)
[09:28] {magoo} u meam adWizers
[09:28] {ese} FEED
[09:29] {Threei} I don't see fresh news
[09:29] {ese} me either
[09:30] {ese} wonder whats driving it
[09:30] {nemo} China recovery
[09:30] {ese} probably
[09:32] {Threei} Long Setup: FEED 6.60 break
[09:32] {Threei} if stays above .45
[09:33] {dino} tcl leftovers to .89
[09:33] {magoo} in .60
[09:34] {dino} out .90, +.59
[09:34] {ese} l Drys .44
[09:35] {ese} out drys .52
[09:35] {ese} +.08
[09:35] {ese} quick one
[09:36] {magoo} look WFC vad
[09:39] {ese} sorry bout that bye the way.... drys call was just about to type in the buy and realized that i had to sell it...
[09:40] {ese} was too quick
[09:41] {Threei} Long Setup: BRCM .28 if stays above .15
[09:44] {Threei} Long Setup: FMCN .90
[09:46] {Threei} atsg
[09:49] {ese} L intc .04...agressive
[09:51] {Threei} half out FMCN 9.10
[09:51] {nemo} missed it
[09:51] {Threei} scalpers take profit
[09:52] {Threei} huh?
[09:52] {nemo} on break of .90 blew right by
[09:52] {Threei} how can you miss stock that sits at the trigger for 5 minutes?
[09:52] {nemo} I thought it was on the break of 90
[09:52] {jfjf64} ouch
[09:52] {Threei} at the moment of the call high was .88
[09:53] {Threei} .90 was trigger
[09:53] {nemo} oh
[09:53] {Threei} [09:44] {Alert} Threei Long Setup: FMCN .90
[09:53] {dino} osip
[09:53] {nemo} so break of .89
[09:53] {Threei} even break of .88 was formally a good-to-go signal
[09:56] {ese} out INTC .12
[09:56] {ese} +.08
[09:57] {ese} that makes my day
[09:57] {Threei} wtg
[09:57] {Threei} FEED half out .75
[09:57] {ese} tks
[09:57] {nemo} 1/2 out feed
[09:57] {Threei} scalpers know what to do
[09:59] {Threei} GM Certain suppliers reportedly considering stopping shipments - unconfirmed report (0.60, -0.15, -20.01%) (related LEA ALV )
[10:00] {Threei} MAY ISM MANUFACTURING: 42.8 V 42.3E; PRICES PAID: 43.5 V 35.0E
[10:00] {Threei} *APR CONSTRUCTION SPENDING M/M: 0.8% V -1.5%E
[10:00] {Threei} - Prior MoM evised from 0.3% to 0.4% (related XHB )
[10:01] {ese} L intc .06
[10:02] {Threei} FMCN stop to .95
[10:04] {Threei} GM Confirms agreement with U.S. Treasury And Canadian Governments Providing Fast Track To Competitive Future For ''New GM'' (0.40, 0.03, 8.11%)
[10:04] {Threei} anyone feel convinced?
[10:04] {nemo} By tm
[10:04] {magoo} too funny..forgot had feed
[10:04] {nemo} buy tm
[10:05] {Threei} lol mags
[10:05] {nemo} can you short gm below zero?
[10:06] {ese} out intc .14
[10:06] {ese} +.08
[10:06] {Threei} so what the heck are they goping to do with commons?
[10:07] {Threei} seeing them still trading I can't help but ask
[10:07] {nemo} toilet paper?
[10:07] {Threei} cbak
[10:08] {magoo} virttual TP? never send actual shares anymore
[10:09] {nemo} yeah
[10:14] {nemo} out feed
[10:15] {Threei} why?
[10:15] {nemo} 1/2 out at .75, moved stop to break even @ .60, no?
[10:15] {Threei} yes... did it ever lose .60?
[10:16] {Threei} .60 was resistance to vreak
[10:16] {nemo} oh, loss of .60 not go to .60
[10:16] {Threei} became new support
[10:16] {Threei} loss of it is a new stop
[10:16] {nemo} o.k.
[10:16] {Threei} come on... this is standard logic
[10:16] {nemo} I'm not your standard intellect
[10:19] {magoo} wanna see something NUTS..look BIDU
[10:20] {Threei} lol
[10:20] {magoo} i was looking short 9 points ago..but knew better
[10:22] {Threei} done with FMCN
[10:22] {Threei} 7 min ago:
[10:22] {Threei} SIRF Discloses that its redesigned GPS software is being allowed to be imported to the US
[10:23] {Threei} not sure if it's a big deal
[10:25] {dino} osip sm l .35
[10:28] {magoo} nuts..forgot i had BRCM
[10:28] {magoo} tired today
06[10:30] * magoo slaps laserdave around a bit with a large trout
[10:31] {Threei} CLDX, mama
[10:33] {dino} osip to .68
[10:33] {dino} out +.33 osip
[10:33] {nemo} only .33!!!
[10:35] {dino} yeah, slow start
[10:36] {dino} micc
[10:37] {dino} micc gap fill from sept
[10:39] {dino} sm l axys .00
[10:40] {dino} prts thinny
[10:40] {nemo} quick though
[10:41] {dino} cldx crazy
[10:43] {dino} axys stop to .38 expect slip
[10:43] {dino} micc just flipped me off
[10:44] {Threei} ok...
[10:44] {Threei} I really need an explanation for GM, lol
[10:44] {Threei} look at it
[10:45] {dino} suckers vad, or simply shorts covering
[10:45] {Threei} TELK Presents Phase III results from ASSIST-5 trial of TELCYTA in ovarian cancer at ASCO
[10:45] {Threei} not fresh
[10:46] {Threei} I don't get it dino...
[10:46] {Threei} what kind of sucker can buy shares that are offically being whiped out?
[10:46] {nemo} about 111 million of them
[10:47] {dino} shorts to cover perhaps, simply to get paid now
[10:47] {Threei} that I would understand
[10:47] {Threei} but the move seems to be way too extreme for that
[10:47] {dino} obama scares shorts, get out now before he changes the rules again, imo\
[10:48] {Threei} OXGN Reports Positive Data From Phase 2 Trial of ZYBRESTAT in Platinum Resistant Ovarian Cancer At ASCO 2009
[10:48] {Threei} - reported positive final data from the investigator-sponsored Phase 2 study, conducted in collabor... (4.43, 0.11, 2.55%) more...
[10:48] {dino} i'd cover to get paid now, its the whimpy theory, hamburger today
[10:48] {magoo} a media leak..obama on tv today noon about GM..he is goig to force every american who makes 200k a year to buy 10k shares GM
[10:49] {Threei} lol
[10:49] {dino} lol
[10:49] {magoo} u dont have to buy the product..just the stok
[10:50] {dino} axys to .46
[10:50] {dino} but w/govt, no selling of stck ever
[10:52] {dino} out axys ave .44, +.44
[10:52] {nemo} had me worried on that first one Dino :)
[10:53] {dino} ?
[10:54] {nemo} bad joke
[10:54] {dino} you take it?
[10:54] {nemo} no. It was up .08 by the time I looked at it
[10:54] {dino} it generally covers a few points/day, just which way is question
[10:54] {nemo} minor detail
[10:56] {dino} ogxi watching
[10:56] {dino} mccc
[10:56] {dino} axys again for bigger pullback
[10:58] {tomg} vad, i have to leave, but have 100 FEED left. think it's ok for holding over night?
[10:59] {dino} cya tom
[10:59] {tomg} take care dino
[10:59] {Threei} feels very strong to me tom...
[10:59] {Threei} it's just that things tend to change on a dime lately
[10:59] {Threei} who knows
[10:59] {magoo} bye tommie
[10:59] {tomg} ok, ty
[11:00] {tomg} cya maggie :)
[11:00] {Threei} unless something extreme happens, it looks to me capable of going over 7
[11:01] {Threei} anyway, whny don't you set a stop under .60
[11:01] {tomg} ok, ty, will set stop and go
[11:01] {Threei} if it never loses it today, why not hold it
[11:01] {Threei} if does, you are safe
[11:02] {tomg} set stop at 6.55, see y'all tomorrow
[11:02] {Threei} take care
[11:12] {pita} later everyone, happy hunting
[11:14] {Threei} take care pita
[11:18] {jfjf64} what up with dell chart
[11:18] {nemo} drys dumped below Friday close
[11:19] {Threei} what do you mean jf?
[11:20] {jfjf64} 1 min chart im shwing no trading must be me
[11:21] {Threei} looks ok to me
[11:21] {jfjf64} im gonna log out ty
[11:22] {Threei} just switch dservers
[11:22] {Threei} no need to do full blown logout
[11:23] {Threei} if you are Laser that is
[11:23] {jfjf64} charlie
[11:23] {Threei} ah
[11:24] {dino} lol
[11:26] {Threei} market has stalled for an hour and half
[11:27] {Threei} waiting for Prez I guess
[11:27] {dino} netl strange, merger, issuing 5-6 million shares and jumps
[11:27] {nemo} Dino...oxgi
[11:28] {dino} ah mannnn, we had it
[11:28] {nemo} I was thinking break of 16
[11:30] {dino} gm annouces name change to "om" obama motors, plus the expensive hybrids will be sold to govt, not public...lol
[11:32] {fernp} lol dino
[11:33] {Threei} I can't even bring myself to laugh about it
[11:33] {Threei} and I thought I could laugh just about anything
[11:33] {nemo} ogxi closed gap
[11:37] {dino} bummer
[11:38] {magoo} .
[11:40] {dino} iflo
[11:41] {Threei} lol, funny e-mail
[11:41] {Threei} If you think education is expensive, try ignorance.
[11:51] {Threei} Prez is on
[11:52] {dino} ok 100 pt drop
[11:55] {Threei} Chrysler to emerge from bankruptcy in next few days
[11:55] {Threei} that's quick
[11:55] {ese} seems to be on alot that man....,.wonder whose managing his investments
[11:56] {ese} casual phone call yesterday to a friend...."ya no i have to be on tv tomorrow"...just a comment to the friend....the friend quietly makes an adjustment to the portfolio........you kn ow how it is
[11:57] {ese} another quick $150000............
[12:00] {ese} been watching to much MI5 tv series.........
[12:01] {ese} on dvd no less.......so can re watch and increase my paranoia
[12:04] {ese} hey dino......bought new clubs on friday...Cobra pro CB's......love em
[12:04] {ese} almost look like Mizuno's
[12:05] {dino} sweet es
[12:06] {ese} Myrtle here we come one day.....always wanted to golf there
[12:07] {KSystems} hi :)
[12:07] {ese} k sys
[12:07] {Threei} KS :)
[12:07] {nemo} gruess dich
[12:08] {Threei} Prez is done, market is still asleep
[12:14] {jfjf64} hpq showin strength when all sleepin
[12:15] {dino} someday es, a little sidetracked
[12:15] {dino} sm l osip .35 again, stop .99
[12:18] {Threei} ese, look dcc please
[12:22] {Threei} this sounds scary:
[12:22] {Threei} JPM Reportedly to sell $750M in credit card loan backed debt; non TALF eligible (37.51, 0.61, 1.65%)
[12:22] {dino} iflo sm s .52
[12:31] {Threei} magoo... don't forget you have BRCM, OK?
[12:32] {dino} sidetracked
[12:33] {ese} L drys .90
[12:33] {ese} small
[12:33] {ese} well....smaller
[12:38] {Threei} OGXI Hearing price target raised at Rodmand & Renshaw to $32 from $22 (timing uncertain) (18.66, 1.01, 5.72%)
[12:43] {dino} missed a good one there
[12:43] {nemo} twice
[12:46] {dino} rubbing it in huh? lol
[12:46] {nemo} What, you think you're alone in this?
[12:47] {nemo} I'm also pissed I didn't think of consumer discretionary this morning with the futures in orbit...look at JCP
[12:52] {Threei} FEED 1:2
[12:52] {Threei} lol
[12:52] {Threei} 1/4 more out
[12:53] {jfjf64} fas tip toe towards 11
[12:59] {Threei} it heard you
[12:59] {jfjf64} lol
[13:00] {dino} osip stopped -.37
[13:03] {ese} hmmmm almost stopped drys
[13:03] {dptl} have a good evening all
[13:04] {fernp} bye dp
[13:05] {Threei} take care dp
[13:05] {dino} cya dp
[13:07] {ese} cya dp
[13:11] {jfjf64} vad i thought i read in ya book trading was fun exciting
[13:12] {nemo} reminds me of my sex life...a little here, a little there, and great big stretches of nothing
[13:13] {jfjf64} yup same here
[13:13] {nemo} and boy do you pay when you make a mistake
[13:16] {Threei} you take what you get, and you make the best out of it
[13:16] {Threei} periods of exciting market, periods of boring one
[13:17] {Threei} we did two winning trades on Fri,
[13:17] {Threei} we did the same today
[13:17] {Threei} what's wrong with that?
[13:17] {nemo} I don't think he was making a right or wrong judgment, just an observation
[13:18] {jfjf64} correct sorry vad lol
[13:18] {jfjf64} ty nemo
[13:18] {Threei} who wants excitment, you are always welcome to try GOOG or BIDU {G}
[13:19] {nemo} rimm
[13:19] {jfjf64} kong
[13:31] {Threei} EXEL Reports Encouraging Phase 1 Data To Be Presented at ASCO for XL147, a Selective Inhibitor of PI3K
[13:33] {magoo} already have been vasd lol
[13:33] {nemo} what?
[13:33] {magoo} bidu goog earlier
[13:34] {dino} osip continues down
[13:34] {Threei} anyone feel stressed?
[13:35] {Threei} STRESS RELIEF:
[13:35] {nemo} do you really care?
[13:35] {ese} nope
[13:35] {Threei} Handle things like a dog does
[13:35] {Threei} If you cant eat it
[13:35] {Threei} and you cant play with it
[13:35] {Threei} Pee on it and walk away.
[13:35] {nemo} or hump it's leg
[13:35] {ese} too funny
[13:35] {ese} very true
[13:36] {nemo} its
[13:36] {ese} and on that note i'm signing off see you all tomorow
[13:37] {Threei} take care ese
[13:37] {dino} cya es
[13:38] {chinggis} Vad AXL 5, 10 min pullback payable?
[13:38] {jfjf64} later es
[13:40] {Threei} AXL, very hard to distiguish between end of interest and taking a rest here
[13:41] {Threei} if ity's holding here, break of .50 for a scaklp, maybe
[13:41] {Threei} but keep a stop very tight
[13:41] {chinggis} ok TY
[13:41] {Threei} at any rate, feels to me like boredom trade rather than compelling one
[13:42] {chinggis} I will try .50 break with tight stop, TY
[13:44] {magoo} i thought bidu was a 5 point short ..bvut it just hasnt developed
[13:45] {dino} i think everything is a good short
[13:46] {magoo} ctec halted news pend
[13:46] {Threei} CTIC you mean
[13:46] {dino} 950 area may well be it
[13:53] {chinggis} missed AXL , was very fast
[13:57] {magoo} futesb ballistic
[13:57] {jfjf64} wakein up
[13:58] {dino} cpy
[14:01] {Threei} CTIC Pixantrone Significantly Increases Complete Remissions, Overall Response Rates, Frequency of Durable Remissions and Progression Free Survival in Patients with Relapsed and Refractory Aggressive Non-Hodgkin''s Lymphoma
[14:02] {Threei} Progression Free Survival in Patients with Relapsed and Refractory Aggressive Non-Hodgkin''s Lymphoma
[14:02] {Threei} -- Significant Increase in Complete Remission Rates 20% vs. 5.7%; p=0.021
[14:07] {nemo} market over 300 today..where's Larry?
[14:14] {vinod} CTIC---vad I have few K of them brought under a buck few week ago
06[14:14] * nemo slaps vinod around a bit with a large roll of cash
[14:15] {dino} lucky vin
[14:15] {vinod} also have HEB
[14:15] {Threei} sounds like should be fun vinod
[14:15] {vinod} i did posted about them here
[14:16] {nemo} when did you buy HEB?
[14:17] {vinod} few week ago both at 0.95
[14:17] {vinod} I think I posted at cara site
[14:18] {nemo} dcc vinod
[14:18] {dino} sm risky, s cpy .84
[14:19] {vinod} nothing on dcc
[14:19] {vinod} nemo--got it thanks
[14:22] {vinod} nemo--people are on vacation and i have to work more so i am missing to trade
[14:22] {nemo} sorry about that
[14:23] {nemo} Got an idea....quit work
[14:23] {vinod} but i enjoyed here what ever time i get
[14:24] {vinod} can't quite--need money
[14:26] {Threei} CTIC ready to open
[14:27] {nemo} wow
[14:31] {dino} sm l ctic .70
[14:31] {nemo} Vad, you in CTIC?
[14:32] {dino} not moving much
[14:33] {dino} thoughts on it vad?
[14:34] {Threei} no idea... news play
[14:37] {vinod} see you tomorow
[14:37] {Threei} IMO... scalp it
[14:37] {Threei} don't get stuck
[14:37] {Threei} take care vinod
[14:38] {dino} cya vin
[14:42] {dino} stop is .80, thing is stuck
[14:51] {dino} to .89 ctic
[14:54] {Threei} White House Press Sec: US President Obama not concerned over the demand for US debt by China (related USD/CNY TLT SHY IEF )
[14:58] {dino} to .93 won't move
[14:59] {Threei} I have hard time believing I still have 1/4 of FEED, which I bought on first minutes after opening
[15:02] {dino} to .99
[15:02] {Threei} good trailing
[15:03] {dino} ty, to .05
[15:04] {dino} to .09
[15:05] {dino} out ctic .12, +.42
[15:06] {dino} ty for news alert vad
[15:06] {Threei} sure thing
[15:08] {magoo} mkts rotting
[15:11] {dino} open gap fill in the making, or wait for turnaround tuesday? my vote turnaround tuesday
[15:12] {dino} osip app. lod
[15:17] {magoo} ty all..have doc apptm for leg, gotta hop..literally lol
[15:17] {magoo} good day
[15:17] {Threei} lol, take care mags
[15:18] {magoo} i need a good xray
[15:18] {Threei} as opposite to bad one?
[15:19] {magoo} as opposed to bad results
[15:19] {Threei} oh
[15:19] {Threei} I'll better shut up
[15:19] {Threei} I hacve too many comments to that one, and few of them are PG rated
[15:21] {dino} anybody that followed cpy short, we are in range
[15:25] {jfjf64} vad ms 30 break
[15:26] {Threei} don't know what to say jf
[15:27] {Threei} maybe on pullback
[15:27] {Threei} I don't see it as a compelling play
[15:27] {Threei} FEED, out last piece
[15:28] {Threei} sll day play
[15:28] {Threei} all
[15:29] {wulff} financials can't seem to decide
[15:29] {Threei} yeah, they are not market leaders anymore
[15:32] {wulff} bastards
[15:32] {dino} cov. cpy .27, +.57
[15:33] {dino} sh#t they tricked me, moved ask, then i hit and dropped
[15:35] {dino} iflo bstop to b/e
[15:40] {Threei} CTIC is dropping again
[15:40] {Threei} something isn't right
[15:49] {Threei} SQNM is interesting
[15:49] {Threei} let's have a look at it tomorrow againb
[15:49] {Threei} maybe it's establishing itself as a recovery play
[15:51] {dino} osip tomorrow too
[15:55] {Threei} okay guys, thank you all
[15:55] {Threei} have a good evening, see you tomorrow
[15:55] {jfjf64} ty
[15:55] {dino} cya vad
[15:59] {dino} cov iflo .46, +.06 slow one
[16:01] {dino} ty all, gotta hop
[16:03] {dino} csco dropping
[16:03] {dino} bad prints looks like
[16:03] {dino} later...
