A bit boring day with some excitement injected by HGSI monstrous move. Between WFC, RIMM and HGSI on all sides we had a profitable day - not big but I'll take what I get in the summer. Feels like some strom is brewing though. Also, check out new addition to the website: http://www.realitytrader.com/photography/ . Self-explanatory.

Session Time: Mon Jul 20 00:00:00 2009

[08:23] {nemo} I guess the bull market continued

[08:41] {Threei} FTEK Receives two Fuel Chem orders in Korea

[08:42] {Threei} The company has received contracts related to the initiation of commercial FUEL CHEM programs on two small oil-fired units at an industrial power plant in the Republic of Korea. Chemical injection for each program is scheduled to commence later this quarter.

[08:42] {Threei} - CEO: "While the market in China is, by far, the dominant area of interest in the Asia-Pacific region, we hope to make further inroads in the Republic of Korea and other regional markets as appropriate applications for our technology are identified."

[08:42] {nemo} I hate that stock

[09:03] {BillyD} gm all

[09:03] {Threei} Billy :)

[09:04] {BillyD} are your quotes a bit off with closing prices and L1 quotes

[09:04] {Threei} NASDAQ quotes are off

[09:04] {BillyD} ty

[09:06] {dino} gm all

[09:06] {Threei} dino :)

[09:08] {nemo} nas back

[09:09] {Threei} yup

[09:09] {nemo} everything seems to have gapped up

06[09:11] * nemo slaps laserdave around a bit with a large trout

[09:13] {cosmo} OREX) today announced that all three remaining Phase 3 trials evaluating C

[09:13] {cosmo} ontrave(R) (bupropion SR/naltrexone SR), its investigational drug for the treatm

[09:13] {cosmo} ent of obesity, met their co-primary endpoints.

[09:15] {cosmo} ...and HGSI cures Lupus

[09:17] {Threei} HGSI JMP Securities Raised HGSI to Market Outperform from Market Perform, price target: $14

[09:17] {cosmo} HGSI pre mkt high = 11.71

[09:17] {Threei} Human Genome Sciences Inc In a Phase III study, BENLYSTA met the primary endpoint in patients with serologically active systemic lupus erythematosus (SLE)

[09:17] {Threei} - In the placebo-controlled BLISS-52 study, the results showed that BENLYSTA plus standard of care achieved a clinically and statistically significant improvement in patient response rate at Week 52, compared with standard of care alone.

[09:17] {Threei} - Study results also showed that belimumab was generally well tolerated, with adverse event rates comparable between belimumab and placebo treatment groups.

[09:17] {Threei} - Assuming positive results in November from the second Phase 3 trial of BENLYSTA, HGSI and GSK plan to submit marketing applications in the United States, Europe and other regions in the first half of 2010.

[09:19] {Threei} CIT Group Inc Follow Up: The company has secured a $3B loan under an agreement with bondholders; The loan will help the company avoid a bankruptcy filing - NYT

[09:19] {Threei} - The report cites unidentified people close to the matter.

[09:20] {Threei} who knew ticket to the immense wealth on Friday was to sell farm and family and buy all CIT you could

[09:21] {Threei} of course till Monday morning you'd likely end up with cardiac arrest

[09:21] {nemo} I would pay for someone to take my family

[09:21] {Threei} CIT UPDATE: Buckingham Raised CIT to Neutral from Underperform

[09:23] {Threei} HAR drama this morning

[09:23] {fernp} good morning everybody

[09:23] {Threei} fern :)

[09:24] {Threei} first this:

[09:24] {Threei} 08:39 AM [HAR] Strength attributed to a report from a Middle Eastern media source (AME), reporting a private equity firm, Arabian Peninsula Group (APG), is planning an acquisition offer

[09:24] {Threei} then

[09:24] {Threei} 08:51 AM [HAR] Assistant to CEO: Believes AME story about potential takeover is "a hoax

[09:24] {Threei} now:

[09:24] {Threei} 09:23 AM [HAR] issues statement; has not received offer or any such solicitation

[09:28] {ese} morning

[09:28] {Threei} ese :)

[09:28] {nemo} ese :)

[09:29] {ese} just about slet right thoough the opening

[09:29] {ese} hey nemo

[09:29] {jfjf64} mornin

[09:29] {Threei} DDSS

[09:29] {Threei} Labopharm Receives complete response letter from the U.S. FDA for novel antidepressant

[09:29] {Threei} - The letter indicates Labopharm''s application cannot be approved in its present form due to deficiencies following an FDA inspection of the active pharmaceutical ingredient (API) manufacturing facility, which was completed July 3, 2009. The FDA letter states: "Satisfactory resolution of these deficiencies is required before this application may be approved." No efficacy or safety issues were raised.

[09:29] {Threei} jf :)

[09:29] {cosmo} halt

[09:30] {Threei} yup

[09:31] {Threei} HGSI sharp selling

[09:32] {Threei} GNBT Publishes Results From Pre-Clinical Studies On Immunotherapeutic Vaccine for HPV-Induced Cervical Cancer (0.58, +0.01, 0.92%)

[09:32] {Threei} Dow Jones YTD performance moves back into positive territory

[09:32] {Threei} what me worry?

[09:34] {Threei} Short Setup: WFC .45 break

[09:34] {dino} s/p gap filled 6/12

[09:34] {Threei} if stays under .567

[09:34] {Threei} .56

[09:35] {Threei} wow HGSI

[09:35] {Threei} cruel

[09:35] {dino} dji filled 6/12 gap too

[09:38] {magoo} etp'atpieatoktad

[09:38] {nemo} eiepqmvowei

[09:38] {Threei} okay... good morning then

[09:38] {Threei} no worky WFC

[09:38] {nemo} funny...I thought I was talking about his mother

[09:39] {magoo} JPM dumping

[09:41] {dino} safm

[09:42] {Threei} DISH

[09:43] {Threei} seome developments in court case with TIVO

[09:43] {Threei} DISH Network Corp Follow Up: Dish seeking to create a 'design-around' to avoid Tivo patent for recorder technology

[09:43] {nemo} wfc vad

[09:44] {Threei} formed .50 - .60 range, more or less

[09:44] {Threei} question is which way to play, and whether it goes after breaking range or just shakes up

[09:46] {Threei} can't get a read on it

[09:47] {Threei} still feels like short to me

[09:47] {Threei} but I was also hunting for RIMM pullback bottom and missed it because of this POS

[09:49] {Threei} RIMM, quick pullback into .20 - .30 is to grab long

[09:49] {Threei} no pullback

[09:51] {BillyD} VAD, OPWV from Friday...low volume though

[09:52] {Threei} 3 break still worth a try

[09:52] {Threei} oops

[09:52] {BillyD} exactly

[09:52] {nemo} wfc broke

[09:52] {Threei} see if it dives back into 3 or just under

[09:53] {Threei} stop under 2.90

[09:53] {dino} sm l safm .35 wide

[09:53] {nemo} CIT 118 million shares so far

[09:55] {Threei} DDSS opened

[09:56] {wulff} LVS no looking back

[09:56] {ese} me thinks WFC is heading up nemo alone with the rest of the financials

[09:56] {Threei} MGM too

[09:56] {ese} along

[09:56] {ese} i'm still long fitb .14 from friday

[09:57] {ese} if the compx breaks above 1902....will start geting out of fitb

[10:00] {Threei} *JUN LEADING INDICATORS: 0.7% V 0.5%E

[10:00] {Threei} - Prior revised from 1.2% to 1.3% (related RTH SPY EUR/USD SHY )

[10:01] {wulff} wasn't sure that WFC break would work

[10:01] {wulff} oh well

[10:04] {Threei} Long Setup: BAC .65

[10:04] {Threei} for scalpers stop under the low of this pullback

[10:04] {ese} out fitb .27 +.13 with 15k of the little buggars

[10:04] {Threei} for day traders under .50

[10:05] {Threei} if loses .55, becomes rather candidate for aggressive entry

[10:05] {cosmo} JASO 4.70 wall fwiw

[10:06] {Threei} let's see if we get double bottom on BAC

[10:06] {Threei} if loses .50 no play

[10:07] {Threei} lost

[10:08] {BillyD} my enthusiasm low this morning so far

[10:09] {Threei} rather usual monday morning...

[10:09] {Threei} everything happens at once and nothing really happens

[10:09] {nemo} that's profound

[10:09] {dino} same here bd

[10:09] {BillyD} lol...good explanation

[10:10] {ese} hmmmmmm....

[10:10] {magoo} who reports tonite?

[10:10] {dino} everybody

[10:10] {BillyD} lol

[10:11] {larisa} CAT tomorrow morning

[10:11] {Threei} I don't see anyone very important today

[10:11] {wulff} below .20 a buy on WFC

[10:11] {nemo} http://finance.yahoo.com/news/Big-tech-earnings-week-will-apf-3818393255.html?x=0

[10:13] {jfjf64} afl ya lk vad

[10:13] {nemo} you got the magoo disease jf?

[10:14] {Threei} not really jf

[10:15] {wulff} RIMM half lot .40

[10:15] {magoo} MS clubbed vad

[10:15] {wulff} missed

[10:17] {ese} wulff.....i've got a bstop on wfc at .61

[10:18] {ese} if it makes it to that today is should make 26.00

[10:18] {wulff} could be ok.

[10:19] {wulff} I tend to want to be less and buy it now

[10:19] {Threei} considering how it likes to shake, maybe worth a try with more aggressive entry

[10:19] {Threei} kind of .51 if holding .40

[10:20] {dino} safm out .97 ave, +.62

[10:20] {nemo} nice start to a monday Dino, and not a scalp

[10:21] {dino} ty nemo, about time

[10:21] {dino} look at the pullback

[10:21] {nemo} yeah

[10:21] {nemo} might be a double dipper

[10:21] {dino} feels that way

[10:22] {nemo} having said that, you adapted to scalping last week...that was great

[10:22] {dino} 41.05ish perhaps

[10:22] {nemo} or higher low after that rop

[10:22] {dino} sink or swim bro, scalps usually get me out of a funk

[10:23] {dino} makets feel like they want to fill open gap

[10:23] {nemo} safm pretty much maintained .50 support

[10:23] {Threei} Long Setup: HGSI .76

[10:24] {Threei} if stays abovce .65 for scalpers

[10:24] {Threei} .60 for day traders

[10:24] {dino} announcer a bit giddy today

[10:24] {nemo} where, cnbc?

[10:24] {BillyD} HGSI drops in a nasty way

[10:24] {Threei} both are invalidated

[10:25] {dino} yeah, vloume off but laughing all over

[10:25] {nemo} That Kneale guy is a jerk

[10:25] {fernp} BAC double bottom Vad?

[10:25] {nemo} HGSI might be bottoming too

[10:26] {dino} gmcr animal

[10:27] {nemo} HGSI held

[10:27] {Threei} BAC could be if holding .40

[10:28] {fernp} ty

[10:28] {Threei} .50 would be a trigger

[10:28] {Threei} .46 if want more ahhressive

[10:28] {fernp} took .46

[10:30] {Threei} Market Internals update at 10:30amET

[10:30] {Threei} - NYSE volume 255M shares, about 13% below its three-month average; advancers lead decliners by 3.3:1.

[10:30] {Threei} - NASDAQ volume 500M shares, about 10% below its three-month average; advancers lead decliners by 1.7:1.

[10:31] {nemo} Does that mean the HFT guys are sitting this out ? :)

06[10:31] * nemo slaps nemo around a bit with a large conspiracy theory

[10:32] {wulff} would short RIMM here another day

[10:32] {nemo} RIMM looks like it go either way

[10:32] {nemo} we shoulda' wulff

[10:33] {wulff} too much strengh to me

[10:33] {ese} anybody buy anything in biotech......just looking at that index...it up big

[10:33] {wulff} more likely a buy

[10:33] {dino} wulff, on same thought

[10:34] {wulff} needs a big fall here

[10:36] {fernp} stopped BAC stopped HIG. I like mondays :)

[10:37] {nemo} Boomtown Rats

[10:39] {ese} Long wfc .46...removed the bstop at .61

[10:39] {BillyD} maybe HAR gonna capitulate

[10:39] {wulff} RIMM .20

[10:41] {Threei} if stays above 74?

[10:42] {wulff} ya

[10:43] {wulff} NAS not strong though

[10:44] {wulff} missed

[10:44] {dino} qdel .00 l

[10:45] {Threei} RIMM worked

[10:45] {wulff} here it comes ese, WFC

[10:45] {Threei} WFC nice entry, ese

[10:46] {ese} out wfc .57 +.11

[10:46] {ese} tks vad

[10:46] {nemo} 20k little buggers

[10:46] {ese} 4k

[10:46] {nemo} whoa

[10:46] {nemo} Mondays

[10:46] {ese} markets too weak for my liking

[10:48] {ese} although financials and biotech indexes up nicely....6 of one 1/2 dozen of another

[10:48] {dino} rhat sm s .30

[10:49] {jfjf64} cat s .60

[10:50] {jfjf64} 1/1

[10:50] {Threei} WFC consolidates under the high despite marjet pullback

[10:51] {jfjf64} out 2 half

[10:51] {nemo} is that a whole?

[10:51] {magoo} long MS here'

[10:51] {magoo} .19

[10:52] {ese} what do you make of that vad ...worth an entry wfc

[10:52] {Threei} WFC is about to try break

[10:52] {Threei} well

[10:52] {Threei} formally yes, this is pattern I like

[10:52] {ese} but

[10:52] {nemo} volume spike on that thrust to 60

[10:52] {Threei} how it plays out today... really hard to tell

[10:53] {dino} qdel to flat

[10:53] {ese} indeed

[10:53] {dino} rht bstop is .56

[10:54] {dino} to .09 qdel

[10:54] {magoo} l jpm .65

[10:54] {wulff} cannot get a clear feel from anything

[10:54] {Threei} nice on QDEL dino

[10:54] {ese} dino you gonna bstop rht ....how bout this pullback?

[10:55] {dino} to .13

[10:55] {dino} out qdel .13, +.13

[10:55] {dino} rhat hard bstop .56 let it trade

[10:55] {ese} ok

[10:55] {magoo} l wfc .59

[10:56] {dino} its smaller size es

[10:57] {dino} tighten it to .51 mkt no help

[10:57] {ese} nice mags....missed it.....was looking at rht

[10:58] {magoo} im long wfc bac jpm ms

[10:59] {Threei} aren't you a convinced bull

[10:59] {larisa} lol

[10:59] {magoo} just scalps..low conviction

[11:01] {larisa} jf, .60 break on CAT, did you want to capture capitulation selling on it? just curious, interesting entry :)

[11:04] {jfjf64} aggressive entry worked out that way it was settin up on .62 i was goin 2 cents lower for trigger

[11:06] {Threei} WFC looks determined

[11:06] {jfjf64} min off 10.49 low .62

[11:06] {larisa} I know some traders like last furoous wave up or down before trend changes. So many ways to trade :)

[11:06] {larisa} i see

[11:06] {dino} ufpi spike

[11:07] {jfjf64} chk s .06

[11:11] {BillyD} Vad, u in anything

[11:11] {dino} dieeeeeeeeee rhat

[11:11] {Threei} no

[11:11] {BillyD} lol

[11:11] {nemo} not in coma?

[11:11] {Threei} not even in that

[11:11] {jfjf64} invalid

[11:12] {ese} L fitb .20

[11:14] {dino} rht not cooperating, cov -.05

[11:14] {Threei} WFC, that .60 break worked like charm

[11:15] {BillyD} too bad I in hesitant mode

[11:16] {wulff} ditto

[11:16] {magoo} out bac .57+.13

[11:16] {magoo} out jpm .84 +.20

[11:17] {magoo} out wfc .86 + .dunno..forgot entry

[11:17] {magoo} oh.entry .59

[11:17] {Threei} lol

[11:17] {BillyD} wtg

[11:17] {jfjf64} magoo a monster gj

[11:18] {BillyD} PCBC

[11:18] {magoo} stilkl in ms .19

[11:19] {BillyD} Vadn u have any history w. PCBC as breakout stock

[11:19] {Threei} no

[11:19] {Threei} never traded it

[11:19] {BillyD} ok

[11:20] {ese} in general vad.....is there usually a run up into the lunch hour......seems to me i've been noticing that alot lately?

[11:21] {Threei} "usually" - no

[11:21] {ese} ok

[11:21] {Threei} last few days, yes, seems to be a part of this stealth rally

[11:21] {ese} hmmmmmm

[11:22] {jfjf64} .60 break sd of had that im not happy

[11:22] {jfjf64} wfc

[11:22] {jfjf64} lol

[11:24] {jfjf64} lvs stong guy

[11:31] {Threei} RIMM...

[11:31] {Threei} 75 break if holding .90

[11:33] {Threei} over 1:1

[11:34] {Threei} near 1:2 and market weakens

[11:34] {Threei} I am out

[11:34] {magoo} nice vad

[11:35] {Threei} a bit early it seems

[11:35] {Threei} but heck

[11:35] {nemo} Monday

[11:35] {Threei} I cherish any profitable play today, lol

[11:35] {jfjf64} ty vadddddddddd

[11:35] {Threei} welcome sir

[11:37] {jfjf64} vad anythin lvs ya see

[11:37] {Threei} you mean chart or news?

[11:37] {magoo} HGSI avail short vad, not saying do it

[11:37] {jfjf64} c

[11:38] {jfjf64} chart

[11:38] {Threei} I think it's about done for today jf

[11:38] {jfjf64} ty sirrrrrrrrr

[11:38] {Threei} unless market suddenly goes crazy

[11:39] {Threei} its range for today so far about 1 buck, a bit more

[11:39] {Threei} have a look at its daily

[11:39] {Threei} you will find maybe a day or two in relatively recent history when it had such range

[11:39] {jfjf64} lookin

[11:39] {Threei} ok, 3

[11:41] {ese} i'm out fitb .22 +.02......am gonna sign off for a bit......am not feeling that well.....hopefully see you in a bit

[11:41] {Threei} take care ese, hope it's nothing

[11:41] {dino} isrg

[11:41] {dino} cya es

[11:41] {fernp} bye ese

[11:42] {Threei} I wouldn't go as far as to short it, jf,

[11:43] {Threei} but if it pulls back into .50 - .60 area, I would be interested ikn bounce

[11:43] {Threei} so far magoo takes the cake today

[11:44] {Threei} I am about flat between WFC stop and RIMM profit,

[11:44] {jfjf64} i wd say

[11:44] {Threei} skipped that WFC break at .60

[11:44] {Threei} but magoo had enough conviction to go berserk on us

[11:44] {Threei} with all his permabull mindset

[11:44] {jfjf64} me too dont remind me .60

[11:45] {jfjf64} want to vomit

[11:45] {magoo} hey..i posted timely entries..u could have got in

[11:45] {Threei} ah be a grownup jf... stand up and take the well-deserved beating

[11:45] {Threei} ummm... self beasting rather

[11:45] {Threei} beating

[11:45] {jfjf64} funny

[11:45] {magoo} vad, HGSI short setup?

[11:45] {nemo} you told us what you were in, I don't think you gave your entries

[11:45] {jfjf64} wfc all the time

[11:46] {Threei} not really mags

[11:51] {jfjf64} s cof .93

[11:52] {Threei} actually...

[11:52] {Threei} Short Setup: LVS.93

[11:52] {Threei} if atsya under 10

[11:53] {Threei} a bit late alert...

[11:53] {nemo} too quick

[11:53] {nemo} rimm short

[11:53] {BillyD} nice spot though

[11:53] {jfjf64} yup

[11:53] {Threei} see if gives a bounce

[11:53] {Threei} it started shaping up and then broke down too fast

[11:53] {Threei} alert was .95 break originally

[11:54] {Threei} it broke as I typed and I sacrificed 2 cents

[11:54] {Threei} and even that was late\

[11:56] {BillyD} is LVS over?

[11:56] {Threei} no

[11:56] {nemo} there goes RIMM

[11:56] {Threei} in fact did just what we need to give a second chance

[11:56] {BillyD} i got in but saw it hit .84 1:1

[11:57] {Threei} wait

[11:57] {Threei} news

[11:57] {nemo} ipo

[11:57] {Threei} LVS Exec: Currently in discussions with Macau lenders over fund raising possibilities (9.91, +1.32, 15.37%)

[11:57] {nemo} September IPO

[11:58] {Threei} nothing important

[11:58] {Threei} stop is still above 10

[11:58] {magoo} worried about halt

[11:58] {Threei} - Earlier it was reported that the comapny was planning a Hong Kong IPO in August for its Macau operations

[11:59] {Threei} eeck... look at this:

[11:59] {Threei} TARP Inspector General discloses support by the Fed in financial crisis could reach $23.7 trillion

[11:59] {wulff} I'll write a check

[11:59] {Threei} good boy LVS

[12:00] {jfjf64} nice vad

[12:00] {Threei} 1:1, cover half

[12:00] {Threei} not a scalp most likely

[12:00] {Threei} covered half .83

[12:01] {Threei} stop to .96

[12:01] {Threei} wheeeew... not reaching magoo's greatness levels yet but finally in the black

[12:02] {Threei} US Treasury's Kruger: There are clear signs economy is stabilizing; US stimulus plan appears to be 'on course'

[12:02] {jfjf64} not ther yet .60 break wfc ohh boy

[12:02] {jfjf64} lol

[12:02] {Threei} on collision course?

[12:02] {Threei} Sees employment outlook as facing challenges

[12:02] {Threei} really?

[12:03] {Threei} this market surge is a good test for LVS

[12:03] {Threei} if can't go up, this will be a nicely hooked one for a move to .50-.60 zone

[12:04] {Threei} (UK) BoE's Bean: I do not know where interest rates are going - BBC interview

[12:04] {Threei} ummm

[12:08] {wulff} close one

[12:10] {Threei} ah come on LVS, just die already

06[12:10] * Threei hits LVS over the head with 2x4

06[12:12] * Threei sends LVS black mark in the envelop stamped with parrot on the shoulder of patch-eyed man with wooden leg image

[12:15] {wulff} is this what it is like watching grass grow?

[12:16] {Threei} no, it's like watching painted grass to grow while paint on it dries up

[12:17] {wulff} as the dried paint peels from heat exposure

[12:17] {Threei} in the winter

[12:17] {BillyD} during previous drought

[12:17] {Threei} Prez is coming on TV

[12:20] {BillyD} standoff here

[12:23] {Threei} while this thing decides what to do, take a look at UAUA daily

[12:24] {Threei} looks tipe for a swing trade with .65 trigger

[12:24] {dino} trv l .39

[12:24] {Threei} tipe = ripe

[12:25] {Threei} HGSI Hearing cautious comments from Barclays (timing uncertain) (10.42, +7.10, 213.86%)

[12:26] {Threei} come closer my meatball

[12:26] {BillyD} sounds like a love call....meatball

[12:27] {nemo} Hah!! I was thinking the same thing

[12:27] {dino} that etn report is crap, and it rocks up? horrible is good i guess

[12:27] {Threei} well... I must admit... I am in love with food

[12:27] {Threei} especially meat

[12:30] {wulff} covered

[12:30] {dino} trv to flat thing is stuck

[12:32] {dino} stopped

[12:35] {dino} sm s etn .08

[12:37] {dino} bstop is .41

[12:37] {Threei} RIMM

[12:37] {Threei} looks breaky

[12:37] {Threei} .42 break long

[12:38] {Threei} stop under .30

[12:40] {Threei} out balance LVS

[12:42] {Threei} GS CNBC's Gasparino: Goldman has no plans to relinquish its commercial bank status "in the near term" (159.89, +3.05, 1.94%) (related XLF )

[12:42] {Threei} RIMM 1:1

[12:45] {Threei} Update: US Financial Stability Oversight Board Q2 Report: markets showed noticeable improvement in Q2

[12:45] {Threei} - report says Q2 lending tapered off; both commercial and residential real estate values remain cloudy.

[12:46] {Threei} CNBC updates CIT story: sources say govt has not ruled out any assistance for CIT

[12:52] {dino} etn stopped -.33

[12:53] {dino} f'ing rinse

[12:54] {dino} hate nyse

[12:54] {wulff} one for you dino, TSRA

[12:56] {dino} ty wulf

[12:58] {dino} either .44 or .00

[12:59] {wulff} later all

[12:59] {BillyD} bye wulff

[13:00] {dino} cya wulff

[13:00] {dino} etn last try sm s .14 stop .46

[13:02] {dino} tsra sm l .50, stop .19

[13:09] {dino} etn stopped done w/it

[13:10] {Threei} LVS says we shaould have kept stop at the original level?

[13:10] {fernp} yeah

[13:10] {Threei} I would just hate to return profit

[13:10] {BillyD} I thought about reentering when mkt droppped but passed

[13:10] {Threei} so did I

[13:11] {BillyD} safe is good these days in keeping profit

[13:11] {Threei} I am getting this feeling... August may not be as dead as usually

[13:11] {Threei} feels like something is brewing

[13:11] {BillyD} hope you are right

[13:11] {Threei} and even if not... the way I see it is,

[13:12] {Threei} we will sail through it safe and with smallish profits,

[13:12] {Threei} and then fireworks bound to begin

[13:12] {BillyD} your winning picks ratio is very high

[13:12] {Threei} this is market is pregnant with something big

[13:12] {BillyD} right now

[13:12] {Threei} no idea which way but

[13:12] {Threei} no, not right now

[13:13] {Threei} ok, speaking of fireworks

[13:13] {Threei} I added new section to a website

[13:13] {Threei} some thing like, umm, relief zone

[13:13] {Threei} here is first post

[13:13] {Threei} http://www.realitytrader.com/photography/

[13:14] {Threei} just want some self-expression opportunity for my artistic self, lol

[13:15] {BillyD} cool photos...where did you buy them?

[13:15] {BillyD} hehe

06[13:15] * Threei slaps BillyD around a bit with a large ofended ego

[13:15] {fernp} nice photos

[13:15] {BillyD} roflol

[13:15] {Threei} ty

[13:16] {Threei} I intend to update it now and then,. more actively at the start,

[13:16] {Threei} then as new photo opportunities comes along

[13:17] {Threei} so, who is inyerested to see my creations, use ATOM feed and whatever is there to get informed of new updates

[13:17] {Threei} or just drop by once a week :)

[13:18] {Threei} LVS puzzles me

[13:18] {Threei} sure it dfropped into 1:1 level again,

[13:18] {Threei} but market dropped much more

[13:19] {BillyD} it's in its own world

[13:19] {Threei} not sure there is a play in it on a short side anymore

[13:19] {BillyD} .80 suuport is strong

[13:19] {Threei} yeah

[13:19] {Threei} I guess I'll leave it alone

[13:19] {BillyD} RIMM bdn maybe 75

[13:20] {Threei} want a bounce first

[13:20] {Threei} and staying under .15

[13:20] {BillyD} ok

[13:21] {Threei} big bid got taken out

[13:21] {Threei} may niot even get bounce

[13:21] {Threei} ok... if market breaks down here

[13:22] {Threei} Short Setup: RIMM 75 break if stays under .15

[13:25] {Threei} so far so good

[13:25] {BillyD} yes

[13:25] {Threei} all components are in place, need trigger

[13:26] {BillyD} take trigger even if mkt doesn't breakdown?

[13:26] {Threei} Prez on TV

[13:26] {Threei} well, unless market spikes

[13:26] {Threei} then it would be a trap

[13:26] {BillyD} ok

[13:27] {Threei} imagine: market spikes, RIMM breaks 75 quickly,

[13:27] {Threei} I'd rather be a buyer on spike down :)

[13:27] {Threei} and profiting from trap shutting on non-observant shorters

[13:28] {Threei} when RIMM spikes on them

[13:28] {BillyD} true

[13:33] {BillyD} stubborn here

[13:37] {Threei} never triggered

[13:37] {Threei} and invalidated

[13:38] {Threei} as Russian poet said... thousand tons on word ore is burned for single word's sake

[13:38] {Threei} Larisa knows the name of the poet

[13:38] {Threei} on = of

[13:39] {Threei} sheesh... I can't eve retype what he came up with

[13:44] {Threei} The 'Department of Energy' was instituted on 8-04-1977

[13:44] {Threei} IT HAS 16,000 FEDERAL EMPLOYEES

[13:44] {Threei} AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES

[13:44] {nemo} yeah, to make us independent from foreign oil...successful huh?

[13:45] {Threei} reason given for the establishment of the DEPARTMENT OF ENERGY:

[13:45] {Threei} O LESSEN AMERICAS DEPENDENCE ON FOREIGN OIL.

[13:45] {Threei} good job has it done

[13:49] {magoo} read RIMM vad?

[13:50] {Threei} trying to get a feel for tnhe market mags

[13:50] {Threei} RIMM will do what NASDAQ will

[13:50] {Threei} spiked with it

[13:50] {magoo} HGSI

[13:58] {Threei} HGSI maybe preparing surprise...

[13:58] {magoo} think its going to new high

[13:58] {magoo} DANGEROUS

[13:58] {Threei} understatement of the century

[13:58] {Threei} scary as Goldman Sachs coming to your prom night

[14:02] {jfjf64} here zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[14:06] {Threei} NYSE volume 615M shares, about 13% below its three-month average; advancers lead decliners by 2.9:1.

[14:06] {Threei} - NASDAQ volume 1.27B shares, about 12% below its three-month average; advancers lead decliners by 1.3:1.

[14:07] {Threei} well, if want to try...

[14:07] {Threei} .80 break

[14:07] {Threei} stop under .65

[14:07] {jfjf64} ??

[14:07] {magoo} which?

[14:07] {Threei} ???

[14:07] {Threei} HGSI???

[14:07] {magoo} in .50

[14:12] {Threei} market starts setting the scene for new highs it seems

[14:13] {Threei} let's see if RIMM holding above .15

[14:14] {Threei} if so, next market spike is signal for RIMM entry

[14:15] {magoo} HUGGIES

[14:15] {magoo} HGSI

[14:15] {Threei} uh oh

[14:16] {Threei} magoo is getting emotional

[14:16] {Threei} mushy mashy

[14:16] {Threei} that can't be pretty

[14:16] {magoo} drinking with vad..."i luv u man..."

[14:16] {magoo} im thinking near 12 todfay...but nasty

[14:16] {Threei} yeah, that's when I usually start hiding

[14:17] {BillyD} RIMM when?

[14:17] {Threei} troubles me with this delay

[14:17] {Threei} .30 break

[14:17] {Threei} and let's hope it was just a delay

[14:18] {Threei} HGSI 1:1

[14:18] {Threei} decide half or scalp

[14:18] {Threei} hard to tell

[14:18] {magoo} if IF gets high...LOOK OUTTTTTTTTT

[14:18] {Threei} true

[14:18] {Threei} and if doesn't... watch out

[14:19] {magoo} 11.40 area..breather and blast off

[14:19] {Threei} after all, stock is up frigin 7 and galf

[14:19] {Threei} half

[14:19] {magoo} fasten seat belts

[14:19] {magoo} AAAAAAAAAADDDDD

[14:19] {BillyD} was HGSI official call

[14:19] {Threei} there is nothing over its head, but there is plenty of air under it jujst the same

[14:20] {Threei} [14:07] {Threei} well, if want to try...

[14:20] {Threei} [14:07] {Threei} .80 break

[14:20] {Threei} [14:07] {Threei} stop under .65

[14:20] {Threei} take it as you wish

[14:20] {Threei} risk is enormous

[14:20] {magoo} artapreo

[14:20] {BillyD} ok

[14:20] {Threei} so I try to keep it diacretionary

[14:20] {BillyD} makes sense

[14:20] {magoo} AHHHHHHHHHHHHHHHHHHHHH

[14:20] {BillyD} some yo will give set up but not take yourself

[14:21] {Threei} 1:2 almost

[14:22] {Threei} if I don't give it a color alert it doesn't necessary mean I wouldn't take it

[14:22] {Threei} just that it's discretionary

[14:22] {Threei} more risky thasn usual

[14:22] {Threei} Johnk, welcome aboard

[14:23] {JohnK} thx T

[14:23] {BillyD} out RIMM

[14:23] {Threei} belle too... not here right now

[14:23] {JohnK} do we have a RIMM alert?

[14:23] {Threei} nah

[14:23] {Threei} something isn't right with it

[14:23] {JohnK} OK thx

[14:23] {Threei} it moves with market as it should,

[14:24] {Threei} but it gives such strange delaysd

[14:24] {Threei} much longer than usdually

[14:24] {Threei} normally it's much more responsive

[14:24] {jfjf64} ty hgsi

[14:24] {BillyD} this mkt fallback is no help

[14:25] {jfjf64} +13cents

[14:25] {Threei} how did I know jf would go for HGSI

[14:25] {dino} rht sd .12

[14:25] {dino} sd=s

[14:25] {jfjf64} is that good thing or bad sir

[14:26] {jfjf64} lol

[14:26] {Threei} neither

[14:26] {Threei} just stating the fact...

[14:26] {Threei} and showing off my observancy

[14:26] {jfjf64} better then ya pictures

[14:26] {jfjf64} lol

[14:27] {Threei} watching trades you guys report I get pretty good feeling whose trading style is likely to get them into this or that setup

[14:27] {Threei} and don't think I'll forget that jf

[14:27] {larisa} lol

[14:27] {Threei} revenge is a dish best srved cold

[14:28] {Threei} I'll have mine when you least expect that

[14:30] {jfjf64} .80 break cof

[14:31] {jfjf64} need market help

[14:31] {jfjf64} fas goin

[14:32] {Threei} that's something we haven't payed in ages

[14:33] {jfjf64} yup

[14:35] {jfjf64} cant get pass r1 fas

[14:36] {jfjf64} hmm

[14:39] {larisa} HAR can not produce any decent bounce so far

[14:43] {Threei} Fed's Lockhart: Open minded about extending Treasury purchase program, will be discussed at next meeting

[14:47] {Threei} CIT Group Inc The purported $3B in rescue financing will reportedly be split in two sections; $2B to be provided on Monday, with the remaining sum in the near future - unconfirmed report

[14:50] {magoo} HGSI

[14:52] {BillyD} CAT is strong

[15:00] {Threei} (US) Interior Dept proposes banning new uranium mines on around 1M acres neary the Grand Canyon (related USU USEG FRG URZ )

[15:02] {magoo} HGSI

[15:03] {Threei} wow

[15:05] {Threei} don't see aything for this spike

[15:09] {magoo} HUGGYBEAR

[15:21] {magoo} vads, finf my 12 call

[15:25] {Threei} really tempted to short it

[15:28] {Threei} would be nice if I found guts, lol

[15:28] {magoo} i just exited .11.79

[15:28] {fernp} lol

[15:28] {magoo} like fvrom 10.50

06[15:28] * Threei slaps magoo around a bit with a large roll of cash

[15:39] {Threei} 12

[15:39] {Threei} ok, here it comes:

[15:39] {Threei} magoo was right

[15:40] {Threei} magoo faints

[15:47] {Threei} MKTX CEO: Expecting a better Q2 due to higher bond trading volumes; expect profits to be increased by CDS trading reforms (10.74, -0.12, -1.10%)

[15:51] {Threei} sheesh

[15:52] {Threei} President will address the nation on Wed at 8 pm

[15:55] {Threei} CNBC's Liesman: Treasury reacts to report by the TARP inspector General; the $23.7 trillion figure is inflated

[15:56] {larisa} by 0.7 :)

[15:56] {Threei} OGXI To raise $9.5M by selling 475K shares

[15:56] {Threei} lol larisa

[15:56] {Threei} if not by .35

[15:57] {Threei} selling 475K shares at $20/share

[15:58] {Threei} Treasury notes that cash outlays so far in the financial crisis are approx $2 trillion

[15:58] {Threei} are they saying inspector general can't count?

[15:59] {BillyD} he meant 2.7 not 27

[15:59] {BillyD} not 23.7

[15:59] {Threei} whatever

[16:00] {Threei} they can share abacus I'd think

[16:00] {larisa} poor HGSI shorts

[16:00] {Threei} thank you all, have a good evening

[16:00] {Threei} see you tomorrow

[16:00] {larisa} bye all

[16:00] {BillyD} cya

[16:01] {fernp} see u tomorrow. good evening all