One word: boring
Session Time: Mon Jun 08 00:00:00 2009
[08:06] {Threei} MITI Blinatumomab Achieves Primary Endpoint in Phase 2 Study with Acute Lymphoblastic Leukemia Patients
[08:06] {Threei} - Announced that the German Multicenter ALL Study Group (GMALL) presented phase 2 clinical data
[08:34] {vinod} good morning--nemo
[08:35] {nemo} vinod :)
[08:35] {Threei} vinod, nemo :)
[08:36] {vinod} good morning vas i though it is early for you?
[08:36] {vinod} lets make it best week ever!!!!!!!!
[08:37] {KSystems} Good morning
[08:38] {Threei} KS :)
[08:38] {nemo} morgen
[08:38] {Threei} I like the red vinod
[08:38] {Threei} we need pullback
[08:38] {Threei} this slow creep leaves too few opportunities
[08:39] {cosmo} unless you like naps...
[08:39] {vinod} This Sunday I fixed some server at PMTI, their new product going to fly sold by J&J
[08:39] {Threei} I don't... neither I dislike them... they are natural part of life
[08:41] {vinod} lost connection
[08:41] {cosmo} natural? ....k ...so be that way then...
[08:50] {pita} morning all
[08:50] {Threei} pita, larisa :)
[08:51] {larisa} good morning :)
[08:51] {pita} happy Monday
[08:52] {Threei} what's with SLM
[08:52] {Threei} I don't see anything fresh
[09:03] {Threei} 20 min ago:
[09:03] {Threei} ANPI Granted FDA 510(k) clearance of the Option Inferior Vena Cava Filter
[09:03] {Threei} - FDA has granted 510(k) clearance for the Option Inferior Vena Cava (IVC) Filter in the United Stat
[09:06] {ese} good morning
[09:07] {Threei} ese :)
[09:07] {ese} things are lookin down....how glum
[09:09] {fernp} good morning all
[09:09] {ese} fern
[09:09] {Threei} fern :)
[09:18] {vinod} Little bear market inside bear market rally of a bull market—something like that going on
[09:19] {Threei} lol
[09:19] {nemo} that hurts trying to think about it
[09:19] {ese} hmmmm news seems slightly up Canadian housing starts ..slightly up...Janpanese Bankrupcies...slightly down...Swiss unemployment ...slightly down etc etc....
[09:19] {dino} gm all
[09:19] {Threei} dino :)
[09:19] {ese} dino
[09:19] {nemo} dino :)
[09:19] {ese} most everthing on the positive side
[09:19] {pita} hey dino
[09:21] {vinod} everything is not worse than expected
[09:21] {dino} :)
[09:22] {ese} indeed
[09:22] {Threei} (CA) Reportedly Province of Ontario to issue USD 5-year benchmark bond
[09:25] {Threei} watching SLM and ANPI
[09:28] {Threei} IMF's Strauss Kahn: Are moving ahead to build early warning system that will be used to avoid future crises (related EUR/USD )
[09:28] {Threei} good luck
[09:28] {Threei} VITA Receives FDA Clearance for CORTOSS Bone Augmentation Material in Treatment of Vertebral Compression Fractures (4.39, 0.00, 0.00%)
[09:29] {Threei} halted
[09:33] {Threei} Long Setup: ARQL .54 half lot
[09:34] {Threei} if stays above .35
[09:34] {nemo} How do you play that, try to catch it as .54 is about to break?
[09:34] {Threei} Long Setup: SLM .40 break
[09:34] {Threei} if stays above .30
[09:34] {Threei} yes, trying to hit as .54 starts scrolling
[09:35] {Threei} not being first to buy
[09:35] {Threei} modify SLM
[09:35] {Threei} .36 long
[09:36] {Threei} double bottom aggressive play with very tight stop ubnder .30
[09:36] {Threei} invalidated
[09:37] {ese} fitb going against the grain
[09:37] {nemo} dino...ceph
[09:37] {jfjf64} luv it ese .12 long
[09:38] {jfjf64} mornin all
[09:38] {Threei} jf :)
[09:38] {ese} i;m thinkin .10
[09:38] {dino} ceph, not thrilled was down hard friday so...
[09:39] {ese} nice litle consolidation here
[09:39] {jfjf64} in
[09:39] {ese} L .11
[09:39] {dino} wynn, bwld, joyg
[09:39] {ese} out .19
[09:39] {jfjf64} half oot
[09:40] {Threei} double bottom setup is back on SLM, only stop would have to be under .25
[09:40] {ese} on 5k
[09:40] {nemo} beak VAD?
[09:40] {Threei} good job
[09:40] {ese} nice jf
[09:40] {nemo} break
[09:40] {Threei} same .36 trigger
[09:40] {ese} +.08
[09:40] {nemo} k
[09:41] {ese} 5k
[09:41] {jfjf64} nice
[09:41] {ese} nice source of income this stock
[09:41] {ese} are you out jf?
[09:41] {jfjf64} n
[09:42] {jfjf64} yes now
[09:42] {ese} good one
[09:42] {jfjf64} +.10 +.03
[09:42] {Threei} SLM Strength attributed to positive pre-market note from William Blair analyst (7.35, 0.74, 11.20%)
[09:43] {ese} nicee
[09:43] {jfjf64} slm turn
[09:44] {jfjf64} ty ese brought it to field
[09:46] {ese} field of battle?
[09:46] {jfjf64} get ready slm
[09:48] {jfjf64} .35 bein stubborn
[09:48] {Threei} good
[09:48] {Threei} reinforces the trigger
[09:49] {nemo} in
[09:49] {jfjf64} in
[09:49] {nemo} did I boo boo
[09:49] {nemo} ?
[09:50] {Threei} ??
[09:50] {Threei} irt broke, didn't it
[09:50] {nemo} yeah, I'm in
[09:50] {Threei} so what';s the problem?
[09:50] {nemo} history
[09:50] {nemo} :)
[09:52] {dino} palm
[09:53] {Threei} Sunday, June 07, 2009 6:42:17 PM
[09:53] {Threei} Palm, Inc MSNBC comments on early demand trends for the "Pre" released exclusively for Sprint this weekend
[09:53] {Threei} - According to MSNBC, the lines were much shorter than those that developed around Apple stores for its first iPhone 2 years ago.
[09:53] {Threei} - A Sprint spokeswoman said late Saturday that Sprint had sold out of Pre phones at a number of different locations around the US and that the company was doing its best to restock stores.
[09:53] {Threei} A related report from mocoNews.net noted that hours after the Pre went on sale on Saturday, retailers started reporting shortages of the devices and were adding customers to waiting lists.
[09:53] {Threei} - mocoNews.net added that one report disclosed that 1 Sprint store in San Francisco sold 60 Pre devices within 2 hours.
[09:54] {dino} good news is bad i guess
[09:55] {Threei} well, at the same time:
[09:55] {Threei} ** Note, weekend FT report cites early positive reviews from critics, but also sees entering a "crowded" smartphone market from a "standing start" as a big challenge. Report mentions marketing and "app store" development costs falling on the company; also sees success of the launch being hindered by exclusivity to Sprint, which is perceived as 2-nd tier in quality wireless network. Suggests the initial report on demand for Pre could determine if the company will remain independent or be acquired by a larger smartphone player
[09:55] {ese} whats this device? phone?
[09:55] {Threei} yeah
[09:55] {Threei} no worky SLM
[09:56] {Threei} startyed climbing nicwely, then fell off a cliff
[09:56] {pita} head fake?
[09:57] {Threei} no idea
[09:58] {pita} q's also down
[10:00] {jfjf64} slm?????????
[10:00] {Threei} ???????
[10:00] {nemo} got faked oub by that retest
[10:00] {ese} l fitb .18
[10:01] {Threei} VITA opens
[10:02] {Threei} not much enthusuasm on it
[10:02] {nemo} frickin slm
[10:03] {Threei} shakeout
[10:04] {nemo} yeah, double bottomed on us
[10:04] {ese} out fitb ..24
[10:04] {ese} =}06
[10:04] {ese} +.06
[10:04] {fernp} gj ese
[10:04] {ese} tks
[10:05] {ese} me thinks this could shoot for the stars today
[10:05] {ese} opps missednext entry
[10:06] {Threei} US Congressional Replicans reportedly oppose the 'public option' for health care (related IYH )
[10:10] {Threei} US Congressional Republicans formally declare opposition to the 'public option' for health care in letter to President Obama
[10:10] {Threei} - state that public option will harm private coverage
[10:10] {nemo} ceph dino
[10:10] {dino} sm l pnra .05
[10:11] {dino} not liking it nemo
[10:11] {dino} sm l titn .25
[10:11] {nemo} no, it moved alot this morning
[10:11] {nemo} stops dino
[10:12] {ese} waitin on fitb pullback
[10:12] {dino} titn .97, pnra .73
[10:12] {dino} fdo holds well
[10:12] {pita} to where ese, fitb?
[10:12] {dino} i want palm l, not sure where
[10:13] {ese} not sure pita
[10:14] {ese} .just above .20 i'm thinkin
[10:16] {ese} l fitb .25
[10:17] {dino} mkt not cooperating
[10:18] {dino} enoc drop, thinny
[10:18] {dino} kirk
[10:19] {Threei} SLM{ that was rude
[10:19] {dino} hans watch, was down 4 0r 5 friday
[10:21] {dino} pru
[10:22] {ese} out fitb .30
[10:22] {dino} titn stopped -.29
[10:23] {ese} +.05 smaller 3k
[10:27] {Threei} HRAY Shares halted; news pending
[10:31] {Threei} VNDA Hearing shares trading higher on the back of takeover chatter -thestreet.com (13.40, 0.50, 3.88%)
[10:32] {Threei} contemplated 13 break long just a few min ago
[10:33] {dino} pnra stop to .45
[10:35] {dino} to .49 mkt falling
[10:37] {dino} out pnra .47 ave., +.42
[10:40] {dino} vrsn
[10:40] {nemo} look at pnra dino, hit your stop and turned
[10:41] {dino} yeah, i see it too tight
[10:41] {dino} vrsn sm l .94
[10:42] {nemo} stop lod dino
[10:42] {dino} .72 imo
[10:44] {ese} could be a good up day today....
[10:45] {nemo} slm really rude
[10:46] {Threei} no kidding
[10:46] {Threei} this thing turns into runner
[10:46] {Threei} let's trail ARQL stop to under .45
[10:46] {Threei} don't like the way it stalled
[10:47] {dino} dxcm
[10:47] {dino} ?
[10:48] {Threei} nothing fresh
[10:49] {Threei} CNBC mention
[10:51] {ese} L fitb. 36 aggressive entry
[10:52] {jfjf64} .40 for me ese lets go
[10:52] {ese} this will break....just a matter of time
[10:53] {jfjf64} fas goin
[10:54] {Threei} FITB doesn't follow this time
[10:54] {jfjf64} weird
[10:56] {dino} vrsn stopped -.22
[10:56] {ese} yup
[10:57] {ese} i'm small 1500 so my stop is a litle wider
[10:58] {ese} break of .40 is still a good bet here
[10:58] {jfjf64} thinkin .35 now with fas
[10:58] {Threei} Short Setup: CAT .40 break
[10:59] {jfjf64} in cat
[10:59] {nemo} in where stop
[11:00] {Threei} for scalp, above .50, for day trade above .60
[11:02] {vinod} in cat
[11:03] {Threei} low volume on bounce
[11:04] {vinod} nemo kick CAT to go under 37
[11:04] {Threei} As many as nine banks could be on the short list to return TARP funds - CNBC (related XLF )
[11:05] {jfjf64} vad banb this cat over head
[11:05] {Threei} my quotes stalled
[11:06] {Threei} where is it now?
[11:06] {nemo} .41
[11:06] {nemo} .42
[11:06] {nemo} .43
[11:06] {dino} cat 37.43
[11:06] {nemo} 44
[11:06] {nemo} 43
[11:07] {nemo} 43
[11:07] {nemo} 42
[11:07] {Threei} restored now
[11:07] {Threei} asheesh SLM
[11:07] {Threei} 1:1 for scalpers CAT
[11:08] {nemo} ty
[11:08] {fernp} ty
[11:08] {jfjf64} ty
[11:08] {Threei} everyone's scalper?
[11:08] {vinod} ty
[11:08] {Threei} sigh
[11:08] {nemo} today not too clear yet
[11:09] {Threei} I know exactly what time it's going to become crystal clear
[11:09] {nemo} never
[11:09] {Threei} why... 4 pm EST
[11:13] {vinod} short CAT again?
[11:14] {dino} pru sm l .45
[11:15] {jfjf64} cof .60 long
[11:15] {dino} fdo sm l .60
[11:15] {Threei} not sure vinod
[11:15] {Threei} kind of 50/50
[11:15] {dino} joyg
[11:21] {dino} joyg sm l .55
[11:22] {nemo} stop on joyg dino?
[11:23] {dino} .23
[11:31] {Threei} Goldman US Economist: Worst of US banking crisis is 'clearly over'; banks may need to recognize $500B in additional losses
[11:31] {Threei} - Comments that the Fed is not anywhere near raising interest rates; deflation risks higher than that of inflation risks
[11:31] {Threei} - Sees rates remaining 'extraordinarily low'
[11:33] {Threei} 11:19 HRAY Shanda Interactive to take 51% stake in company; at $4/ADS; valued at $46.2M
[11:33] {Threei} - The offer price represents an approximately 25% premium over Hurray!''s closing price on
[11:34] {nemo} looks like scalpin was the thing to do on cat
[11:34] {Threei} obviously
[11:35] {nemo} Can I put the "O" on my chest?
[11:35] {Threei} not that I am against scalping as you know... but I have to express obligatory disgust with pesky scalpers
[11:36] {nemo} natural reaction
[11:37] {ese} my fitb stop is .15 jf....whats yours
[11:41] {Threei} SLM dive
[11:42] {Threei} under .60 should be interesting for a bounce
[11:43] {Threei} did it actually go there or it was out of bounds print?
[11:44] {nemo} tail on candle goes to .55
[11:44] {Threei} I see tail, I didn't want prints at the moment while typed alert
[11:44] {nemo} two different sources
[11:44] {Threei} so not sure it actually went there
[11:44] {Threei} didn't watch
[11:44] {nemo} I checked charts from two different sources, went there
[11:45] {Threei} sigh
[11:45] {Threei} read what I am saying nemo :)
[11:45] {Threei} chart may not be the answer
[11:46] {nemo} I understand. I was just saying from two different data feeds there was evidence of transactions below .60 I didn't look for prints
[11:46] {Threei} let it drop under .60 and look for it to stabilize near .50 or lower
[11:46] {Threei} alternatively, if never loses .60, .67 becomes long trigger
[11:48] {Threei} if you have out of bounds print at .55 while bids and offers never actually went there, it can be dismissed, even though it will be reflected by chart as a tail
[11:48] {Threei} that's the reason for my question, not the doubt in tail's existence
[11:48] {nemo} understand
[11:48] {nemo} I think
[11:49] {dino} mnkd
[11:50] {dino} vrsn slow death drop
[11:53] {dino} pru stop to b/e mkt fall
[11:54] {dino} wow mnkd
[11:55] {nemo} cat short?
[11:56] {Threei} toughie
[11:59] {fernp} my 1:1 on SLM is here. TY Vad
[11:59] {Threei} :)
[12:00] {Threei} took it near .60?
[12:00] {fernp} .61
[12:00] {dino} palm sm l .60
[12:03] {ese} stopped .15 -.21 quel drag!
[12:04] {dino} joyg stopped
[12:04] {ese} ohhhh welllll.....sometimes you are the bug.....sometimes you are the windshield
[12:05] {dino} lots of stops today
[12:05] {dino} tndm blood
[12:11] {Threei} CAT starts shaping up a bit better
[12:11] {Threei} if we get market breakdown, .60 break short
[12:11] {Threei} ideally, would like to see CAT staying under .70
[12:13] {dino} pru stopped flat
[12:17] {Threei} President Obama: Moderate pace of job losses in May is one sign of economic improvement (related EUR/USD TLT SHY )
[12:19] {ese} am back.......
[12:23] {nemo} stop on cat?
[12:24] {Threei} above .70
[12:24] {nemo} yep
[12:26] {pita} cu all later
[12:26] {Threei} take care pita
[12:27] {nemo} stopped
[12:30] {nemo} rude cat
[12:36] {Threei} Long Setup: FITB .16 if stays above .10
[12:41] {nemo} lower highs lower lows on cat with market climbing
[13:04] {dino} vrsn last try sm l .90
[13:07] {fernp} 1:1 FITB ty Vad
[13:08] {Threei} FITB 1:1
[13:08] {Threei} fern :)
[13:08] {ese} nice fern.....
[13:08] {ese} nice vad
[13:08] {Threei} that was 'ese call", ese
[13:08] {Threei} for many little buggers
[13:08] {ese} cool.....i am loved
[13:09] {dino} gj
[13:10] {ese} and on that note i have to bid you all farewell....off to the unreal world
[13:10] {dino} pru sm l .49
[13:10] {Threei} lol... take care ese
[13:11] {dino} cya es
[13:11] {nemo} ese
[13:19] {Threei} who is partialling out FITB, stop to under .20
[13:27] {Threei} (US) San Francisco Fed: A jobless recovery is a plausible scenario
[13:27] {Threei} ummmm
[13:27] {Threei} okay...
[13:28] {Threei} World Bank's Zoellick: Unclear where demand will come from to support global recovery; no need to add additional stimulus to worldwide economy
[13:28] {Threei} from Mars?
[13:35] {dino} latvian debt crisis, failed to sell a single bill at treasury auction worth $100million
[13:35] {nemo} Iceland II
[13:36] {Threei} yeah
[13:36] {Threei} sad
[13:36] {Threei} beautiful country
[13:36] {dino} eastern eurtopean debt crisis in making perhaps, keep in mind western eirope holds lots of that stuff
[13:37] {dino} rinse day, look at joyg, titn, pru
[13:37] {Threei} Riga is one of my favorite cities
[13:37] {Threei} amazing character
[13:43] {dino} enoc sm l .02 thin one
[13:48] {Threei} ARUN decided to continue
[13:48] {Threei} tough one, so slow
[13:49] {dino} palm stop to .89
[13:49] {dino} out +.29
[13:53] {Threei} wtg
[13:56] {dino} ty
[14:06] {jfjf64} bk wkin in anythn vad
[14:08] {Threei} what?
[14:08] {larisa} lol
[14:09] {larisa} just say no vad
[14:09] {Threei} kay
[14:09] {Threei} no
[14:09] {jfjf64} i was away are we in anythin
[14:09] {Threei} no
[14:09] {Threei} FITB played out
[14:09] {jfjf64} ty larissa
[14:09] {larisa} :)
[14:10] {jfjf64} :)
[14:11] {jfjf64} im watchin cof anytin there vad
[14:14] {Threei} nah
[14:15] {jfjf64} i agree
[14:18] {dino} vrsn stopped done w/it
[14:29] {Threei} time to start measuring the degee of day's boredom in bruises on the chin
[14:30] {Threei} today is about three ruises
[14:30] {Threei} bruises
[14:30] {Threei} XOMA Hearing Wedbush making positive comments (timing uncertain)
[14:35] {dino} out pru .79, +.30
[14:38] {dino} gtls
[14:44] {Threei} SLM... hmmm
[14:44] {Threei} oh
[14:44] {Threei} Cramer
[14:44] {dino} sm l gtls .05
[14:45] {Threei} {--- quietly back away
[14:45] {nemo} back away from what?
[14:45] {nemo} slm
[14:45] {nemo} ?
[14:45] {Threei} what else did I talk about??
[14:46] {nemo} Just avoiding assuming
[14:46] {nemo} confirming
[14:46] {nemo} it'll be a nice short soon
[14:46] {dino} bcpc
[14:46] {Threei} well... if I talk about SLM, it's not a very big leap of faith to assume that I mean SLM {G}
[14:46] {vinod} I shoeted CAT at 27.98
[14:47] {vinod} 37.98
[14:47] {nemo} I was going to say, did you cover?
[14:48] {vinod} will cober at 38.10
[14:51] {vinod} doesn't look good, so much for my skill
[14:51] {nemo} what's your stop?
[14:51] {nemo} oh yeah
[14:51] {nemo} nevermind
[14:52] {nemo} sfsg vinod
[14:59] {Threei} (US) California Gov Schwarzenegger issues executive order cutting state budget; state cannot meet payment obligations after 7/29
[14:59] {Threei} - state to eliminate funding for all contracts entered into after March 1;
[15:00] {Threei} cuts exclude public safety funding.
[15:00] {Threei} - also requires govt departments to submit budget plans that reduce future spending on contracts by a minimum of 15%.
[15:03] {nemo} mmmmmhhh...maybe slm is a good short now...it used to take a few days for a cramer comment to pull back
[15:04] {dino} lol
[15:08] {nemo} interesting action in gtls
[15:09] {dino} :)
[15:12] {dino} stop to .46
[15:13] {dino} to .50
[15:14] {dino} to .59
[15:15] {dino} slipped ave .58, +.53
[15:15] {Threei} 15 points NQ whole day range
[15:15] {nemo} I think you said that Friday?
[15:17] {Threei} arre we alloed to have just one 15 points range day a year?
[15:17] {nemo} just remarking
[15:20] {vinod} look likw we will closed green
[15:22] {Threei} possibly... but I don't really see candidates to trade
[15:22] {dino} not mucvh today
[15:23] {dino} ppt in action
[15:24] {vinod} ys, big buy order
[15:30] {nemo} that
[15:31] {nemo} that's impressive...slm retrace 76% of the Cramer Effect
[15:32] {dino} oiut enoc .42, +.40
[15:33] {dino} fdo to .90out fdo .91, +.31
[15:33] {dino} all day for 31 cents sheesh
[15:34] {nemo} basically $50/hr...pitiful
[15:34] {dino} lol
[15:36] {vinod} today I am 0/hr. should have gone long CAT at 37.30
[15:37] {larisa} like vad said, closer to 4 pm, clearer it gets :)
[15:38] {patience} down day for me, 1 trade....summer is here
[15:39] {nemo} me too 1 for 3
[15:40] {dino} up here but 200 light
[15:40] {vinod} tomorrow vad need to broadcast before 9.or forecast. no more closer to 4.00
[15:40] {dino} 6 stops
[15:41] {Threei} I caan tell you today
[15:41] {Threei} tomorrow we will start with gap down but finishin green
[15:41] {larisa} how green ?
[15:41] {Threei} light green
[15:41] {patience} god spoke to you vad?
[15:42] {vinod} tomorrows foreast can't be broadcast today
[15:42] {dino} vad is from the future
[15:42] {nemo} $200 light...you mean below target?
[15:42] {dino} yes
[15:43] {larisa} you have $ target for a day? i wanna know how it works :)
[15:43] {nemo} $200 short on $20k, statistical :)
[15:43] {larisa} or it just mean once it met you go easy ?
[15:44] {dino} i want to average $700/day ,. i have been averaging under lately, roughly $550/day
[15:44] {dino} yes once over 700, i get very stingy
[15:44] {larisa} got it
[15:45] {dino} nice thing tho, up 33 of 35 trading days
[15:45] {larisa} what your ave size dino ?
[15:45] {larisa} good job!
[15:45] {patience} very nice dino
[15:46] {dino} 400 mostly, friday afternoons in scalp mode to 1000; and really thin/wild ones 300
[15:46] {larisa} ty
[15:46] {dino} np, i trade small compared to most. but works ok for me
[15:47] {Threei} will watch ARUN tomorrow
[15:47] {dino} i just need more trades
[15:47] {larisa} smaller lets you go for bigger risk/rewards and do not sweat
[15:48] {dino} yes, wider stops than most, plus i average roughly 1:1.5
[15:49] {dino} as 3i will tell you, a million ways to trade, find what works for your style/edge
[15:49] {larisa} I scalped VRSN today, did not want to tell you sinse it did not work for you, got .15. thanks
[15:50] {dino} oh, the wider stop is in cents, average loss is usually under $150
[15:50] {dino} gj larisa
[15:50] {larisa} lately big losers bounce late in the day
[15:50] {dino} good market fr my style
[15:51] {vinod} see you all tomorrow
[15:51] {dino} cya vin.
[15:51] {Threei} Clinton on TV
[15:51] {dino} i have to go too, baseball game w/son
[15:52] {larisa} later :)
[15:52] {Threei} nothing imnportant
[15:52] {Threei} sharp drop FITB
[15:52] {Threei} well, in tgerms of its todays range anyway
[16:00] {larisa} have a good evening all
[16:00] {nemo} gnite
[16:01] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {fernp} good evening all
