Tuesday, July 14, 2009

Jul 14 2009

Another fine day with three winning trades on WFC (short, long short, like a fiddle) and RIMM long... followed of course by a long period of deep sleep.

Session Time: Tue Jul 14 00:00:00 2009

[08:29] {vinod} gm
[08:31] {larisa} morning :)
[08:32] {magoo} morning
[08:34] {fernp} hi everybody
[08:34] {nemo} haroo
[08:35] {Threei} Good morning
[08:35] {nemo} debatable
[08:35] {nemo} miss any good premarket trades?
[08:39] {cosmo} TTWO warns
[08:39] {vinod} Capstone Products Eligible for Reimbursement From $3 Billion U.S. Government
[08:39] {Threei} yesterday after hours, yeah
[08:41] {Threei} MKTX Awarded U.S. Patent for Request for Quotation Electronic Trading Capability
[08:41] {Threei} Awarded a U.S. patent for its electronic request-for-quotation (RFQ) method and system for client-to-multi-dealer trading of debt securities on a secondary market. This is the second patent granted to MarketAxess, which earlier this year received a patent for its electronic bid and offer list functionality.
[08:43] {Threei} AIG is just plain irritating
[08:44] {nemo} could be DB
[08:45] {magoo} yea...hey, any read GS
[08:45] {Threei} nope
[08:47] {magoo} [08:43] {&Threei} AIG is just plain irritating
[08:47] {magoo} now substitue vad for AIG lol
[08:48] {nemo} HAHAHAHAHAHA
[08:48] {Threei} sigh
[08:48] {Threei} and I thought my ense of humor qas bad
[08:48] {nemo} you were correct
[08:54] {dino} gm all
[08:55] {Threei} dino :)
[08:55] {nemo} dino :)
[08:56] {dino} gm
[09:01] {nemo} guess that was a DB on AIG
[09:01] {Threei} Awarded a U.S. patent for its electronic request-for-quotation (RFQ) method and system for client-to-multi-dealer trading of debt securities on a secondary market. This is the second patent granted to MarketAxess, which earlier this year received a patent for its electronic bid and offer list functionality.
[09:01] {Threei} oops
[09:01] {Threei} (US) Asst Treasury Sec Barr: Banks should have nothing to fear from new consumer protection agency (related XLF )
[09:01] {Threei} {Banks} uhhu
[09:01] {nemo} ubuntu?
[09:02] {texus} morning
[09:02] {nemo} say "hello" Vad
[09:03] {Threei} RMBS U.S. Patent and Trademark Office Rejects Additional Patent Claims That Rambus is Asserting Against NVIDIA (15.48, 0.00, 0.00%) (related NVDA )
[09:03] {Threei} sigh
[09:03] {Threei} good morning texus, welcome to the room
06[09:05] * Threei slaps nemo around a bit with a large warning: Do not try to bring out the best in me, you may not like it
[09:05] {Threei} GS CFO: Goldman as virtually no direct exposure to the consumer - comments to reporters (149.44, 0.00, 0.00%)
[09:05] {nemo} depends on you define "best"?
[09:05] {Threei} TBUS Receives a Significant Order From a Bus Vehicle Manufacturer in India (1.64, 0.00, 0.00%)
[09:05] {Threei} I am pretty sure I read this TBUS news last week
[09:05] {BillyD} morning
[09:05] {nemo} Like, best for Jeffery Dahmer, or best for Florence Nightingale :)
[09:05] {Threei} Billy :)
[09:11] {Threei} WFC Hearing Sterne Agree making cautious comments (timing uncertain) (24.80, 0.00, 0.00%)
[09:11] {dino} texus welcome to the jungle
[09:12] {Threei} Comments surround analysis that indicates WFC may need to tap the equity markets
[09:12] {nemo} perhaps "asylum" might be more appropos
[09:12] {Threei} nemo knows
[09:12] {nemo} yeah, it's a bitch typing with your elbows because of these really long sleeves
[09:13] {Threei} whew.... I was wondering... no comeback for whole 30 seconds
[09:13] {Threei} all is well again
[09:13] {dino} lol nemo
[09:13] {nemo} sorry...all nighter last night...tired
[09:13] {Threei} it's OK... you don't have to be awake to trade
[09:14] {nemo} As long as my chin hits the buy button at the right time
[09:15] {Threei} just make suree sell button is not right under your nose, or you may take profit faster than you intended
[09:15] {vinod} nemo sorry...all nighter - like to know detail about it
[09:15] {nemo} good point, with my nose, that always enters the room first
[09:15] {Threei} uh oh... you sure vinod?? :)
[09:15] {nemo} hehehehehe
[09:16] {jfjf64} mornin
[09:16] {Threei} jf :)
[09:16] {Threei} WFC...
[09:16] {Threei} .80 is breakdown point on 1 min so far
[09:16] {nemo} Goldman: 4.53/shr vs 3.54 expected....there'll be howling today
[09:17] {Threei} and yesterday's high
[09:17] {Threei} morning hectic trading can make this short very profitable and quick loss with the same odds
[09:20] {Threei} AIG forms breakout, believe it or not
[09:20] {Threei} I am not a buyer here, it's not really breakout stock
[09:21] {nemo} guess that means it'll breakout
[09:21] {Threei} let's see if WFC forms resistance close enough for a decent stop placement
[09:22] {Threei} ideally would like to see it staying under .90
[09:22] {Threei} then .80 break would be a nice short trigger with relativeley small stop
[09:22] {Threei} don't go crazy on size though, this one is capable of disgusting slippage
[09:25] {ese} GM
[09:25] {Threei} ese :)
[09:25] {nemo} frickin' aig
[09:26] {Threei} yeah
[09:26] {Threei} shrug
[09:27] {vinod} dead man walking-AIG
[09:27] {nemo} don't forget to wet the sponge
[09:29] {magoo} its prob giving us a nice short opportunity eventusally'
[09:29] {magoo} AIG
[09:29] {Threei} eventually, of course
[09:29] {Threei} but premature shorts get killed
[09:29] {magoo} io mean, lets see 24 again
[09:29] {Threei} wow... I doubt that :)
[09:30] {Threei} although you know.... stranger things have happened
[09:30] {nemo} rally!
[09:30] {Threei} anyone went for WFC short, cover half here
[09:30] {nemo} oops, Larisa's here
[09:30] {cosmo} ttwo
[09:30] {cosmo} tests
[09:31] {_johnk3} great trade WFC, thx :)
[09:31] {Threei} welcome
[09:31] {Threei} feel free to cover in full
[09:31] {Threei} when it bounces it will be fast and furious
[09:32] {Threei} 16.20 buyer AIG can't believe it
[09:32] {magoo} TTWO up
[09:32] {Threei} and swears off market orders forever
[09:32] {Threei} Long Setup: WFC .50 break if stays above .40
[09:33] {magoo} in
[09:33] {Threei} keep stop on WFC as if your life depends on it
[09:33] {Threei} it can really hurt if you don't
[09:33] {ese} compx pulling same stunt as yestereday? down to start ......finish up......most earnings releases have been god
[09:34] {ese} good
[09:34] {Threei} QTWW Obtains $3 Million of New Debt Financing; Restructures Existing Credit Facility and Renews a $10 Million Commitment Letter (0.70, 0.02, 2.32%)
[09:35] {magoo} RIMM
[09:35] {Threei} 1:1 for scalpers, day traders half out
[09:35] {jfjf64} tyty
[09:35] {Threei} stop to .45 for the balance
[09:35] {BillyD} ty
[09:36] {Threei} AIG... lol
[09:36] {Threei} really, who would have guts to buy it at .40
[09:37] {Threei} 16.20 buyer offers AIG at .21 and holds his breath
[09:37] {fernp} lol
[09:37] {BillyD} amidst the tears
[09:38] {Threei} scalpers win on WFC
[09:38] {jfjf64} ya ya
[09:39] {nemo} patience must be thrilled with tck
[09:39] {Threei} STSI Hearing strength attributed to speculation that tobacco case against firm could be overturned (1.14, 0.18, 18.75%)
[09:39] {nemo} interesting, that scalp pulled back to the BB average and dropped
[09:39] {Threei} WFC you mean?
[09:40] {nemo} yes
[09:40] {patience} it has nice volume each day and good movement....its a nice one for scalping nemo :)
[09:40] {Threei} sign of weakness
[09:40] {nemo} what other scalp you have this morning?
[09:40] {Threei} coulnd't go to upper BB
[09:40] {Threei} even as market helped
[09:40] {Threei} actually.. if market helps:
[09:40] {Threei} Short Setup: WFC .40 break
[09:41] {Threei} stop above .50 for scalpers
[09:41] {Threei} above .55 for day traders
[09:41] {Threei} 1:1 for scalpers
[09:42] {jfjf64} gs pullbk
[09:45] {Threei} WFC stop to .45
[09:45] {Threei} let's be stingy
[09:46] {Threei} 1:1 for day traders
[09:46] {Threei} if you partial, stop to .41
[09:46] {Threei} no weay to turn this trade into loss
[09:47] {Threei} and don't ask me what "weay" is
[09:47] {nemo} make it from milk, right?
[09:47] {Threei} dp is not here, which means I have only nemo and magoo to blame for my typing... and my typing is so bad, I need more than just two people to lran on
[09:47] {dino} sm l sds .25
[09:47] {nemo} that poor market buyer in aig
[09:48] {Threei} now, what kind of news is this:
[09:48] {Threei} (CA) Canada Jun existing Home prices +3.6% y/y (related USD/CAD )
[09:52] {Threei} stop to .35
[09:53] {Threei} 1/2, cover 1/4 more
[09:53] {Threei} 1:2
[09:54] {dino} sds to flat
[09:54] {jfjf64} rimm ?
[09:55] {Threei} (US) Assistant Treasury Sec Barr: GSE reform to come in Feb 2010
[09:55] {Threei} - Note: US Rep Frank commented last week that GSE reform would be a priority, but not until 2010 (related FNM FRE )
[09:55] {Threei} in Feb?
[09:55] {vinod} for me 24.25 to cover WFC
[09:55] {Threei} I want to know exact dsate and time
[09:55] {nemo} that's when they'll start talking about it
[09:56] {Threei} not sure here jf
[09:56] {vinod} shorted at .40 break wfc
[09:57] {Threei} here we go, 1:2
[09:57] {dino} esi strog today
[09:58] {dino} strong
[09:58] {Threei} stop to .25 for the last portion if you are very stingy
[09:59] {vinod} ty-boss cover at .07
[09:59] {Threei} welcome sir
[10:00] {vinod} see you after 14.00
[10:00] {Threei} vene vidi vici
[10:00] {nemo} bye vino
[10:00] {nemo} vene vidi and kicked ass
[10:01] {dino} sds stopped flat
[10:03] {dino} amag sm l .70
[10:03] {Threei} who is still holding last piece:
[10:03] {Threei} stop to above .20,
[10:04] {Threei} next cover or next trail when/if it breaks 24
[10:04] {nemo} that volume spike @ 10
[10:05] {Threei} I am not sure it has any significance... maybe yes maybe no
[10:05] {Threei} just going with routine procedure here
[10:05] {nemo} not closing above that 13 ma
[10:05] {Threei} abandoning thinking
[10:05] {Threei} (which is easy and enjoyable)
[10:06] {Threei} 1:3 is .95
[10:06] {Threei} make uop your mind, cover or trail
[10:06] {Threei} both a valid,
[10:06] {Threei} your personal risk tolerance and objectives kick in here
[10:07] {Threei} mags... did we finally get WFC or what?
[10:07] {Threei} 3 for 3
[10:07] {BillyD} amazing on WFC
[10:08] {Threei} elusive one
[10:08] {BillyD} yes
[10:08] {Threei} shook us out a few times
[10:08] {Threei} (US) Reportedly House healthcare reform bill would create a commission to recommend changes in Medicare reimbursement
[10:08] {Threei} - Reform bill includes surtax on the wealthy beginning in 2011, with a possible rate increase in 2013.(1% tax on $350/year could go to 2% in 2013, $500K in earnings taxed at 2% in 2011, going to 3% in 2013; $1M in earnings tax at 3% rate in 2011, moving to 4% in 2013)
[10:08] {magoo} u doing well weith the double sided plays :)
[10:08] {_johnk3} managed to get three small chunks of this trade :)
[10:08] {Threei} I hope there is no second meaning in there
[10:09] {Threei} cool beans johnk
[10:09] {_johnk3} thx
[10:09] {Threei} how do you like all this focus on tax?
[10:09] {nemo} gonna' be a lot more of it
[10:10] {jfjf64} sqnm
[10:10] {nemo} missed aig short
[10:11] {Threei} WFC 16.20 buyer cancels his sell order, puts the stock in his long term account, refuses to look at P/L column
[10:11] {Threei} sorry, that was for AIG
[10:11] {dino} apol sm l .00
[10:11] {BillyD} it will come back vad :)
[10:12] {Threei} of course... so though QCOM buyer at 700 in 2000
[10:12] {Threei} thought
[10:12] {BillyD} lol
[10:13] {Threei} let it be the lesson for unenlightened; NO MARKET ORDERS ON THE OPEN
[10:14] {Threei} wow
[10:14] {Threei} serious dump
[10:14] {_johnk3} aig
[10:14] {Threei} let's see if we can get readable short on bounce
[10:15] {Threei} but keep size down to half lot
[10:15] {Threei} {AIG} what bounce...
[10:17] {Threei} maybe it's a bit of going to the same well one too many times but...
[10:17] {Threei} Long Setup: AIG .20 break if stays above .10
[10:17] {BillyD} hmmm
[10:17] {larisa} wfc you mean?
[10:17] {Threei} grr
[10:17] {Threei} lol
[10:17] {Threei} yes
[10:17] {Threei} how come I started confusing them today
[10:18] {Threei} Long Setup: WFC .20 break if stays above .10
[10:18] {larisa} put watermark on your charts or something :)
[10:19] {Threei} I like how it's holding here
[10:19] {Threei} if it's capable of stayin at this level and breaking, should be good
[10:21] {Threei} invalidated
[10:21] {Threei} Long Setup: AIG .60 break
[10:21] {Threei} half lot
[10:21] {nemo} you feeling o.k.? You spelled that correctly
[10:21] {Threei} hehe
[10:21] {Threei} invalidated
[10:23] {nemo} wfc got that higher low going
[10:23] {Threei} feels like reversal to me
[10:23] {Threei} jst can't find good structure
[10:24] {nemo} about that time
[10:24] {wulff} in WFC
[10:24] {dino} qcom sm l .25
[10:24] {Threei} where did you enter wulff?
[10:24] {wulff} .17
[10:25] {wulff} half
[10:26] {BillyD} AIG nasty drops
[10:26] {nemo} lod stop on qcom dino?
[10:26] {BillyD} unless you are short of course
[10:26] {Threei} we had a few trades on it before you connected... careful, make sure it's not a revenge trading on your part
[10:27] {dino} yes nemo
[10:29] {Threei} I suggest to designate someone to blame that we haven't shorted AIG
[10:29] {nemo} DP
[10:30] {Threei} dp is not here, so yeah
[10:30] {Threei} he is the best candidate
[10:30] {nemo} perfect
[10:30] {nemo} we'll tear him a new one next time he shows up
[10:31] {nemo} energy strong today financials (duh) in the red, everything else pretty flat
[10:32] {dino} amag stopped off my screen
[10:37] {wulff} out WFC
[10:38] {ese} BRCM ascending triangle....vad if you get a chance to look at it....are price swings too big or should they be tighter when working toward a high......will it make a difference on a breakout if the swings are larger
[10:39] {Threei} I like it overall
[10:39] {Threei} it won't go without market help
[10:39] {ese} the large price swings?
[10:40] {ese} true
[10:40] {Threei} no, overall look
[10:40] {ese} tks
[10:40] {Threei} I don't think I'd go for break on it
[10:40] {ese} tks
[10:40] {Threei} rather try to get it aggressively off support if markert reverses upward and allows entry
[10:41] {nemo} fcx testing support
[10:41] {Threei} then eiter scalp it inot move to resiatnce or partial of market shows more strength
[10:41] {ese} tks
[10:41] {ese} was thinking entry here
[10:42] {ese} opps...invalidated
[10:44] {wulff} WFC not falling
[10:44] {Threei} SF Fed Economist: Expects a gradual recovery to begin in Q3
[10:44] {wulff} of 2015
[10:44] {nemo} define "gradual"?
[10:44] {nemo} we're all dead in 2012 wulff
[10:45] {wulff} oh, forgot
[10:45] {Threei} wow... you are deep thinker... I am still working on "a"
[10:45] {Threei} labor market slack worse than 1982 recession
[10:45] {Threei} - Does not see correlation between high fiscal deficit levels and inflation levels
[10:46] {nemo} what about money printing to cover the deficits?
[10:48] {Threei} MTXX Hearing strength attributed to speculation regarding filing for new form of Zicam (6.06, 0.55, 9.98%)
[10:49] {Threei} MTXX has squeeze potential
[10:49] {Threei} needs better pullback for entry
[10:50] {ese} L egle .71
[10:50] {ese} the eagle has landed ?
[10:50] {nemo} or is it a turkey?
[10:50] {Threei} well, if EGLE, then DRYS should be a play too
[10:51] {ese} could be turkey...we'll know in a minute
[10:51] {wulff} round 2 WFC.17
[10:55] {wulff} 1:1
[10:56] {Threei} Long Setup: RIMM .63-.65
[10:56] {Threei} if stays above .50
[10:56] {magoo} in
[10:56] {ese} out egle .77 +.06
[10:56] {ese} 5k
[10:56] {dino} nice
[10:56] {nemo} If you say Rimm Mags is in
[10:57] {Threei} (US) Pres Obama: Sees unemployment figures to continue to tick higher in coming months
[10:57] {Threei} - Not immediately clear how fast jobs can be restored
[10:57] {Threei} - Reminder: In past week administration acknowledged that it saw unemployment rising to 10% or higher
[10:58] {Threei} Not immediately clear how fast jobs can be restored? But I thought as soon as stimulus bill was passed... whcih was so urgent...
[10:58] {wulff} in .63
[10:59] {dino} ttwo l .02
[11:02] {ese} egle was outa line by the way......should not have traded 5k on it.......should have been more like 1 or 2k if that......anyone new to the board .....i wouldn't do that if i were you
[11:03] {ese} just thought that i would qualify that trade because the volume was quite low on it
[11:03] {Threei} NY Fed: Purchased $7.5B in $300B outright coupons purchase; Dealers submitted $14.7B for consideration (bid to cover 1.96)
[11:06] {ese} L qqqq .56
[11:07] {Threei} let's trail RIMM to .55
[11:08] {Threei} time for it work or stop bothering us
[11:11] {magoo} vad AIG lomg?
[11:11] {Threei} WFC treats you well this time wulff
[11:11] {wulff} yup
[11:11] {Threei} no read on it mags, sorry
[11:11] {magoo} grrrrr
[11:12] {Threei} 50/50 really
[11:12] {wulff} 1:2
[11:13] {Threei} RIMM 1:1
[11:14] {dino} gj
[11:14] {Threei} US Senator Tester (MT) (D): Not happy with Goldman Sachs' compensation decisions
[11:14] {Threei} {GS} as if we give a flying sneeze about your happiness
[11:16] {Threei} (US) House Majority Leader Hoyer (D): Passage of healthcare bills by August is possible (related IYH )
[11:16] {ese} out qqqq .63 +.07
[11:17] {Threei} 1:2
[11:17] {Threei} me out RIMM in full
[11:17] {Threei} +.31
[11:17] {fernp} gj Vad. ty
[11:17] {Threei} :)
[11:17] {jfjf64} ty ty
06[11:17] * Threei slaps magoo around a bit with a large roll of cash
[11:18] {Threei} twice jf??
[11:18] {Threei} well...
06[11:18] * Threei slaps jfjf64 around a bit with a large roll of cash
06[11:18] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:18] {jfjf64} new blackberry
[11:18] {magoo} out rimm Ty
[11:18] {jfjf64} new blackberry
[11:19] {Threei} enjoying new toy?
[11:19] {Threei} enjoying new toy?
[11:19] {larisa} lol lol
[11:19] {jfjf64} larissa
[11:19] {jfjf64} larissa
[11:19] {jfjf64} hello
[11:19] {larisa} hi :)
[11:19] {Threei} {Raven} you guys are degrading right before my very eyes
[11:20] {nemo} life process
[11:20] {nemo} move towards entropy
[11:21] {nemo} dust to dust ashes to ashes
[11:21] {nemo} too much alcohol
[11:21] {wulff} out WFC
[11:21] {Threei} wtg
[11:22] {Threei} committed to paying for healthcare reform; surcharge on wealthy is just one option
[11:22] {Threei} - US House Bill includes new taxes on incomes in excess of $350K/ye
[11:22] {Threei} why do I shudder hearing "surcharge on wealthy"
[11:22] {nemo} one of many they will use
[11:22] {nemo} eventually "wealthy" will be defined as anyone paying taxes
[11:23] {Threei} by the mindset, this is total 1917 in Russia
[11:23] {nemo} You already have 1/3 that don't
[11:23] {dino} more like 50%
[11:23] {nemo} Marx said the US would be the perfect place for Communism
[11:23] {nemo} will be Dino
[11:24] {dino} well if you consider minors way over nemo
[11:24] {nemo} true
[11:25] {dino} ice lod
[11:26] {dino} qcom hod
[11:33] {Threei} SEC's Shapiro: Uptick rule will hopefully be addressed by the end of the summer months; hopes SEC approves short sale rules (related XLF )
[11:34] {Threei} who cares about that bs
[11:34] {Threei} imitation of activity...
[11:34] {dino} means nothing
[11:34] {nemo} have to give the hordes a piece of bread
[11:35] {Threei} 8:09:36 AM
[11:35] {Threei} Immunomedics Inc Shares assumed Buy at Brean Murray; ADLR resumed Buy
[11:35] {Threei} - IMMU price target $8
[11:35] {Threei} - ADLR price target $4
[11:35] {Threei} IMMU moving...
[11:35] {dino} out ttwo .14, +.12 dl
[11:36] {Threei} nice one dino
[11:36] {dino} ty
[11:40] {ese} Lfitb .00
[11:40] {dino} sm l ice .50
[11:41] {ese} comp/ndx go through there daily highs and i think it's going to be another day like yeaterday
[11:41] {dino} say it isn't so es
[11:42] {ese} ya yer right.....it ain't gonna happen.......man wisen up es!
06[11:44] * Threei sends ese a bottle of 40% Wisener
[11:44] {magoo} vad..a read on AIG?
[11:44] {magoo} i know...GRRR
[11:45] {dino} ice stopped
[11:48] {ese} nahhh i like that vodka from the other day vad......
[11:48] {ese} could have just lit a match to me and ....whoooooosh....
[11:51] {ese} fitb....don't fail me now baby!!!!!!!
[11:51] {magoo} A
[11:51] {magoo} I
[11:51] {magoo} G
[11:52] {ese} mags your hillarious
[11:52] {magoo} i took .30 after asked vad
[11:52] {dino} ice rinsed
[11:52] {Threei} {magoo} ty ese, the rest of humanity thinks I am annoying
[11:52] {magoo} out here
[11:53] {Threei} US Sen Dodd: Providing Fed with authority as systemic regulator places independence at risk as more authority would need to be given to Congress to oversee the Fed
[11:53] {larisa} .20 was good support, you did not need to ask, nice call mags :)
[11:53] {magoo} if vad would quit dismissing magoo..he'd see some trades lol
[11:54] {Threei} I wish I could mags...
[11:54] {larisa} lol
[11:56] {Threei} GS CFO: Not expecting to keep leverage ratios at these historical low levels over time - conf call Q
[11:58] {Threei} interesting... what leverage they are at
[12:09] {magoo} give me a A
[12:09] {magoo} give me an I
[12:09] {magoo} give mer a G
[12:09] {Threei} cheerleaders dance around magoo, golden pompons waving
[12:10] {dino} i wish
[12:10] {Threei} lol
[12:11] {magoo} skirts a flyin"
[12:25] {Threei} Microsoft CEO: Google's new operating system product does not make much sense
[12:25] {Threei} - Note that last week Google unveiled its Chrome OS, a free operating system that it hopes will compete with Windows.
[12:25] {Threei} of course not
[12:25] {Threei} just as got Google MSFT's search engine doesn't make amy sense
[12:25] {Threei} got = for
[12:26] {Threei} sheesh... 2 mistypes in 3 letter word??
[12:26] {Threei} I hit new lows...
[12:26] {BillyD} that was more of grammar error vad
[12:29] {ese} signing off for about 30min all see ya in a bit
[12:29] {Threei} we will be here ese
[12:30] {Threei} even if sleeping
[12:54] {wulff} and you mean sleeping
[12:55] {Threei} actually I meant being in coma
[12:56] {dino} sm l esi .25
[13:14] {Threei} unlike yesterday, today market didn't have any worthy range at all... less than 15 p;oints NQ range
[13:25] {Threei} I like the symbol
[13:25] {Threei} EGO
[13:25] {BillyD} RIMM near low but no real feel
[13:26] {Threei} feels liike breakdown to me
[13:26] {BillyD} stop .15?
[13:26] {BillyD} even without mkt help?
[13:27] {Threei} enough for market to stay inactive
[13:27] {Threei} exact structure of the play is not very clear
[13:27] {Threei} mostly because of pacxe being too flat
[13:27] {Threei} no real changes
[13:28] {BillyD} 50/50 on it?
[13:29] {nemo} it's staying below the 13 ma in the BB
[13:29] {nemo} market strengthening a bit
[13:30] {Threei} not even 50/50...
[13:30] {Threei} rather 33/33/33
[13:30] {BillyD} lol....
[13:31] {Threei} where last 33 is for "will never move anewhere"
[13:31] {BillyD} I fugured that was the middle 33
[13:34] {Threei} Chrysler financial reports full repayment of $1.5B of TARP funds (related F GMGMQ )
[13:34] {Threei} so, everyone repays TARP.. no inflation threat?
[13:35] {dino} you forget aboput the budget
[13:52] {Threei} MTXX... keeping half eye on it
[13:55] {KSystems} lol
[13:56] {KSystems} i still have a few of those
[13:59] {Threei} you investor you
[14:03] {dino} apol to .40
[14:04] {ese} howsssszit goin......i'm back like bad BO
[14:05] {BillyD} thought I smelled something
[14:05] {BillyD} lol
[14:06] {ese} ha ha good one.....gotta stop settin myself up like that
[14:07] {dino} nasty
[14:07] {BillyD} sorry, ese this afternoon is boring
[14:11] {dino} apol to .50
[14:11] {dino} esi to .60
[14:11] {ese} no apology necessary.......it's the old "don't get angry......get even thing"
[14:12] {BillyD} lol
[14:14] {dino} apol to .59
[14:15] {dino} to .65
[14:16] {Threei} LMT Announces job cuts in plant in NY due to cancellation of Presidential Helicopter program
[14:16] {dino} esi to .65
[14:16] {Threei} 600 jobs to be cut of total 3,000 workforce
[14:17] {Threei} lt me get this straight... presidential mprovoements to this and that actually cost us jobs?
[14:18] {larisa} mprovoements is new
[14:19] {dino} qcom to .55
[14:19] {dino} out esi .70, +.45
[14:20] {larisa} gj :) now sell APOL so we all can sleep
[14:21] {dino} lol
[14:21] {dino} nemo, you still have qcom?
[14:22] {nemo} no sir
[14:22] {dino} scalpped it?
[14:22] {nemo} out at .50 when it hit resistance, got nervous after that volume spike
[14:23] {dino} gj
[14:23] {dino} had thoughts of .80, but not happening
[14:26] {dino} out qcom .59, +.34
[14:26] {BillyD} gj dino
[14:26] {dino} ty
[14:28] {dino} apol to .80
[14:28] {dino} esi continues up
[14:29] {dino} out apol .85, +.85
[14:30] {larisa} :)
[14:30] {dino} ;)
[14:32] {dino} pot?
[14:33] {dino} ice trying
[14:33] {nemo} wedging up but resistance @ 83.25
[14:33] {Threei} Citigroup Inc Pennsylvania Securities Commission reportedly instructs company to return 'hundreds of millions' of dollars to thousands of state investors
[14:33] {Threei} - Commission mandates Citigroup pay $2.31M assessment to the state
[14:33] {Threei} - Citigroup must offer to repurchase ARS from retail investors but not necessarily institutional or professional investors
[14:34] {nemo} pot that is
[14:35] {dino} i understood
[14:35] {dino} prefer it around 82.50
[14:48] {dino} blew thru
[14:49] {nemo} yeah volume increased too on the rise
[14:49] {ese} ahhh bugger it....out fitb .04 +.04 7k
[14:51] {dino} gj
[14:54] {ese} tks.....flat market....didn't give me anymore
[15:01] {Threei} ENER Confirms Supply Agreement With Inovateus Solar
[15:01] {Threei} - signed a supply agreement with Inovateus Solar. Inovateus expects to purchase up to 10MW of UNI-SO... (12.38, -0.36, -2.83%) more...
[15:07] {Threei} US govt reportedly considering making direct mortgage payments on behalf of some homerowners who are late on payments; also considering whether to allow delinquent borrowers to stay in their homes as renters - unconfirmed report
[15:07] {Threei} hmmm
[15:07] {Threei} I am getting interested
[15:08] {Threei} maybe I should move to the Sates and let your goverment pay my mortgage
[15:16] {BillyD} come to AZ Vad, we have alot of vacant homes for you to choose from
[15:16] {Threei} actually... my friends just bought winter house there
[15:17] {Threei} and I may drop by next Feb
[15:17] {BillyD} good time to visit
[15:19] {Threei} FITB is so perfetc chart fpr .05 break
[15:19] {Threei} too bad it's so narrow
[15:27] {vinod} I wish I had time to bother you guy little more
[15:28] {vinod} look like nemo shoot AIG down?
[15:28] {nemo} wtf did I do?
[15:30] {Threei} Fed's Hoenig: US economy near bottom of downturn
[15:31] {Threei} {US economy } am I?
[15:31] {Threei} {bottom of downturn} where is US economy?
[15:31] {BillyD} they been saying that for 2 years
[15:32] {Threei} a return to trend GDP growth by 2011
[15:32] {Threei} - Forecasts for positive growth in Q2 most likely 'optimistic'; must avoid an inflation
[15:33] {magoo} c'mon vad..get me a winner or i quit your room LOL
[15:34] {nemo} Really?
[15:34] {BillyD} rofl
[15:34] {larisa} lol
[15:35] {magoo} on second thought.....or i'll NEVER quit
[15:35] {nemo} no win situation Vad
[15:38] {dino} ttwo l .05
[15:40] {vinod} yes, vad make us long term investor?
[15:43] {larisa} RIMM is so annoying, and its support is annoying also :)
[15:44] {BillyD} I agree Larisa....
[15:44] {dino} out ttwo .10, +.05 3l
[15:44] {Threei} magoo
[15:45] {Threei} if I give you 10 and one of them works, does that count?
[15:45] {dino} ice sm l .50 last time
[15:50] {dino} i will gladly pay you tomorrow for a hamberger today
[15:51] {dino} e=u
[15:51] {Threei} CIT S&P: CIT default could impact 1,800 synthetic CDOs
[15:51] {Threei} great
[15:51] {Threei} where is that elusive "downturn bottom"
[15:53] {dino} saia drop
[15:53] {BillyD} ina stack
[15:54] {vinod} have a good evening to all
[15:55] {Threei} you too vinod
[15:55] {dino} cya vinny
[15:55] {Threei} FITB strong finish
[15:55] {Threei} pretty chart
[15:55] {Threei} worth watching tomorrow
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening
[15:59] {BillyD} u 2 Vad
[15:59] {Threei} see you tomorrow
[15:59] {larisa} bye
[16:00] {Threei} mags
[16:00] {Threei} ALTR, INTC, YUM.
[16:01] {dino} cya vinny