Monday, August 17, 2009

Aug 17 2009

6 calls, 6 wins - nothing to complain about, even though second half of the day was obligatory August boredom embodiment. LVS, BAC and AAPL were the heroes of the day - interestingly enough, all on the long side.

Session Time: Mon Aug 17 00:00:00 2009

[08:11] {Threei} Preview: Aug Empire Manufacturing Index due out at 8:30amET
[08:11] {Threei} ***consensus estimate: -3.00e v -0.55 prior (Most analyst range of estimates seen from 1.0 to 6.0)more...
[08:11] {Threei} BLTXX Baltic Dry Bulk Index +0.8% (third straight increase)
[08:30] {Threei} Aug Empire Manufacturing: 12.08 v 3.00 expec
[08:31] {Threei} EUR/USD USD retraces overnight gains following first positive Emprie manufacturing reading since Apr 2008
[08:32] {nemo} $ up big
[08:32] {nemo} or are the quotes on that frozen too
[08:32] {Threei} - EUR/USD trading at 1.4080 after testing 1.4048 earlier today
[08:48] {fernp} good morning everybody
[08:49] {Threei} fern :)
[08:49] {patel} good morning traders
[08:49] {Threei} patel :)
[08:49] {Threei} fern... left just a tad too early on Fri... goes for Billy too :(
[08:50] {Threei} beautiful play came along just as you went for the weekend
[08:50] {patel} i missed the whole day had to take the wife to the doctor's office
[08:50] {fernp} in BAC I know
[08:50] {patel} i see you had an excellent day Threei
[08:50] {patel} Good job
[08:50] {Threei} ty
[08:50] {Threei} happens to me once in a while
[08:51] {nemo} Yeah, now he has to eliminate that occasional stop :)
[08:53] {Threei} attempts to do so require waking up... and that leads to catastrophic consequences
[08:53] {nemo} yeah, reality sucks
[08:53] {cosmo} rs
[08:58] {cosmo} just ask IDCC
[08:59] {cosmo} nterDigital Receives Notice of Initial Determination in ITC Patent Infringement Action Against NokiaBusiness Wire(Fri, Aug 14)
[09:00] {cosmo} initial ruling favors Nokia in InterDigital case
[09:00] {Threei} BAC Reports July Master Trust; Net Charge offs 13.82% v 13.81% m/m
[09:00] {Threei} - Delinquencies 7.58% v 7.73% m/m
[09:00] {Threei} - 30-59 days $1.8B v $1.84B m/m
[09:00] {Threei} - 60-89 days $1.5B v $1.... (17.39, 0.00, 0.00%) more...
[09:00] {Threei} IDCC, that's brutal
[09:01] {larisa} good morning :)
[09:01] {Threei} (US) Fed & Treasury extended TALF program to June 30, 2010
[09:01] {Threei} larisa :)
[09:01] {cosmo} BPAX to the rescue?
[09:01] {nemo} Hi Lari
[09:01] {larisa} :)
[09:03] {cosmo} BPAX: ...potential new vaccine against H1N1 (swine flu), which
[09:03] {cosmo} resulted in 100 percent protection from symptoms of illness, including
[09:03] {cosmo} weight loss, and death in animal studies.
[09:04] {cosmo} ...line forms on the right....
[09:04] {Threei} lol
[09:04] {cosmo} :)
[09:11] {dino} gm
[09:11] {Threei} dino :)
[09:16] {magoo} morning
[09:16] {Threei} magoo :)
[09:17] {nemo} magus :)
[09:19] {dptl} good morning all
[09:19] {Threei} dp :)
[09:22] {magoo} pretty big gap down vad
[09:22] {BillyD} morning
[09:23] {Threei} Billy :)
[09:24] {Threei} yes mags... you want me to do something about that?
[09:24] {magoo} oy...not already
[09:25] {cosmo} nano
[09:25] {Threei} Billy... whatever you, do not read the log for the Friday after you left
[09:25] {BillyD} ok
[09:26] {nemo} that was mean, Vad
[09:26] {Threei} yeah... your point is?
[09:27] {BillyD} I am sure I missed a good play
[09:27] {nemo} gentle nudges for you to change your evil ways
[09:27] {Threei} uhhu
[09:27] {Threei} see me dropping everything and rushing to change my evil ways
[09:28] {Threei} as it often happens on Mondays, I don't have clear candidates for the open
[09:28] {cosmo} uhhu not listed...
[09:28] {Threei} it's an IPO cosmo
[09:29] {Threei} watching BAC, BPAX
[09:29] {cosmo} ah
[09:29] {Threei} buit no structured play for either
[09:30] {magoo} lvs too vad
[09:30] {Threei} yup, ty
[09:31] {Threei} Long Setup: LVS .15 break
[09:31] {Threei} if stays above 12
[09:32] {magoo} in
[09:32] {Threei} Long Setup: BAC .50 break
[09:32] {Threei} stop under .45
[09:33] {Threei} too fast?
[09:33] {nemo} that was a little quick
[09:33] {fernp} missed bac
[09:33] {magoo} in bac
[09:33] {nemo} 1:1 lvs
[09:34] {Threei} half out BAC here mags
[09:34] {Threei} at least
[09:34] {Threei} LVS, half out
[09:34] {magoo} out lvs
[09:34] {Threei} .28
[09:34] {Threei} scalpers are out
[09:35] {dino} v sm l rtp .25 wide
[09:35] {Threei} that's their evil ways, ya know
[09:35] {nemo} hehehehe
[09:35] {magoo} oyt bac TY
[09:35] {Threei} :)
[09:35] {nemo} and you're leading the pack
[09:35] {Threei} see? and you wanted me to change my ways
[09:35] {Threei} want me to lead you into abyss of kindness?
[09:35] {nemo} Vad on a Harley with a sleevless leather vest
[09:36] {dino} and chaps
[09:36] {Threei} BAC
[09:36] {Threei} lol
[09:36] {Threei} watching for second entry
[09:36] {nemo} And a tshirt that says on the back "If you can read this, the bitch fell off"
[09:36] {Threei} qwant it to hold .45
[09:36] {Threei} nope
[09:36] {Threei} stay away for now, we need new range
[09:36] {BillyD} thought LVS would give more than 1:1
[09:37] {magoo} thats why i got out bac
[09:37] {nemo} that might have been the gasp of hope for the opening
[09:37] {magoo} mkts weak
[09:37] {Threei} still may Billy, but we have nervous opening, so I'd prefer another entry
[09:37] {nemo} Captain Obvious award goes to Magoo
[09:37] {Threei} yeah mags, what's up with that... venturing into my territory
[09:37] {BillyD} I bailed on 2nd half ue to it hit 1:1
[09:37] {magoo} aapl bounce vad?
[09:38] {magoo} not yet
[09:38] {dino} rimm 70s
[09:38] {fernp} LVS again Vad?
[09:38] {Threei} watching it
[09:38] {Threei} no clean structure yet
[09:38] {magoo} CAT too vad
[09:38] {Threei} good read on RIMM last week dino, I remember you saying it's headed for 70s
[09:39] {magoo} he called 70 strike i remember
[09:39] {Threei} OK, LVS
[09:39] {Threei} .10 break if holding 12
[09:40] {Threei} BAC
[09:40] {Threei} .50 break
[09:40] {Threei} if holding .40
[09:41] {dino} stba drop
[09:41] {Threei} LVS 1:1
[09:41] {dino} thin
[09:41] {BillyD} ty
[09:41] {BillyD} LVS
[09:41] {Threei} seriously can't tell whether it's just scalps or capable of more
[09:42] {Threei} your discretion guys
[09:42] {magoo} out lvs .15
[09:42] {magoo} ty
[09:46] {Threei} Long Setup: AAPL .50 break
[09:46] {Threei} smalish shares
[09:46] {Threei} if holding above .30 - .35
[09:48] {Threei} 1:1
[09:48] {patel} thanks VAD
[09:48] {Threei} :)
[09:48] {Threei} ok BAC, move your butt already, will ya
[09:51] {Threei} AAPL merrily 1:2
[09:52] {Threei} let's trail BAC to under .45
[09:52] {magoo} waiting .23
[09:53] {nemo} on what stock mags?
[09:53] {magoo} aapl..but will cut if have too
[09:53] {magoo} looking over163
[09:54] {magoo} ill let it rip or stop it flat
[09:54] {Threei} BAC over 1:1
[09:54] {fernp} out BAC. ty Vad
[09:54] {Threei} 5 out of 5
[09:55] {Threei} can I go home
[09:55] {Threei} ?
[09:55] {fernp} nope. we need 10 out of 10
[09:56] {Threei} IDCC Guides Q3 R$$73.5-75.5M v 76.6Me
[09:56] {Threei} you are communicating with nemo too much, fern...
[09:56] {fernp} lol
[09:56] {Threei} it's contagious...
[09:57] {nemo} wait till you start growing scales
[09:58] {magoo} out aapl here .08 TY VAD
[09:59] {Threei} 1:3... nice
[09:59] {magoo} out BAC here .65 TY DL
[09:59] {Threei} isn't it funny... markets are in red and haven't really bounced much, yet all our plays are on a long side
[10:00] {nemo} funny "ha ha" or funny strange?
[10:00] {dino} just plain funny
[10:01] {nemo} thought we'd be a bit more granular
[10:01] {Threei} it may make some significant difference for you... but don't me think too much, especially on Monday
[10:01] {magoo} see..aapl had alot of trouble with 163..so i adjusted exit
[10:01] {Threei} or Tuesday
[10:01] {nemo} sorry
[10:01] {Threei} or... you get the drift
[10:01] {magoo} may still go..look to reload if set up appears
[10:04] {nemo} on the five minute chart aapl, could be a bear flag
[10:04] {magoo} yea...it could dump 8 points easy..so careful
[10:04] {nemo} look at 5 min. on Qs
[10:06] {Threei} JPM Reports July Master Trust; Net charge offs 7.92% v 8.04% m/m - filing
[10:09] {Threei} BAC interesting resilience
[10:11] {Threei} compare 1 min JPM and BAC
[10:11] {Threei} looks like there is following here
[10:11] {Threei} and JPM break of .20 should signal BAC to break .70
[10:12] {Threei} also, looks like there is a magnitude correlation as well, 10 cents JPM move translate into 5 cents BAC
[10:17] {cosmo} idcc = red salmon
[10:19] {BillyD} VAd, HIG held last bit of selling pretty well, maybe long candidate
[10:19] {Threei} doesn't move with this bounce...
[10:20] {BillyD} so, kind of stuck in its own world
[10:20] {Threei} yeah
[10:20] {BillyD} ok
[10:21] {Threei} Long Setup: BAC .65
[10:21] {Threei} if stays above .60
[10:22] {magoo} .
[10:22] {nemo} ?
[10:23] {fernp} in
[10:30] {Threei} 1:1
[10:31] {fernp} out TY
[10:31] {Threei} :)
[10:31] {fernp} 6 out of 6
[10:31] {Threei} yup... I insist on going home
[10:32] {magoo} u ARE home:)
[10:32] {BillyD} yeah
[10:33] {Threei} it doesn't matter... it's symbolic gesture
[10:33] {BillyD} yeah, and you aren't going anywhere anyhow :)
[10:33] {nemo} So when you go to work you roll out of bed and sit at your computer in your underwear
[10:33] {Threei} I tested GETCO guys
[10:33] {Threei} on BAC and JPM
[10:34] {Threei} instant fills on both
[10:34] {Threei} some miniscule pass-through charge, nothing even close to usual ECNs
[10:34] {nemo} so good for listeds
[10:34] {Threei} can't use it to lay out
[10:34] {Threei} it's fill or kill
[10:35] {Threei} so I assume it's some variation of that darned flash order {G}
[10:35] {nemo} which could be a problem trying to get out on a stop
[10:35] {Threei} I am not sure it's good for any listed, nemo,
[10:35] {Threei} if I am right about what it is,
[10:36] {Threei} it could be kind of selective deal,
[10:36] {Threei} great if there is a liquidity on this route for specific stock,
[10:36] {Threei} useless if there is none.
[10:36] {Threei} Now, what Bear is working on right now is:
[10:36] {Threei} smart route that will start with GETCO,
[10:37] {Threei} and switch to other routes if there is no fill on it
[10:37] {Threei} thus trying to save you money first, then giving you sure fill if no go on cheapest route.
[10:37] {Threei} This way the main shoertcoming of GETCO gets remeduated
[10:37] {Threei} shirtcoming being, no route out on it
[10:38] {Threei} I'll try it on other listeds and NASDAQ, will report as I observe more on how it works
[10:39] {Threei} (as you can guewss, I finally upgraded my Laser, lol)
[10:42] {Threei} market is frozen
[10:45] {wulff} somebody do something
[10:45] {Threei} why
[10:46] {Threei} you guys are insatiable
[10:46] {wulff} gives me a chance to open my next beer
[10:46] {Threei} 6 for 6, and still you are hungry
[10:46] {Threei} oh beer...
[10:46] {Threei} hmmm
[10:46] {Threei} now that's the concept I may get excited about
[10:51] {BillyD} Vad, on BAC .65 long and .60 stop, do you count a 1:1 at .70 or .72 to include the 1 cent for break of .66 and 1cent stop at .59
[10:51] {Threei} I am not very anal-retentive about that
[10:52] {Threei} look at it this way:
[10:52] {Threei} if your formal 1:1 is .72,
[10:52] {Threei} stock reaches .71
[10:52] {Threei} and you see market stalling or reversing,
[10:52] {Threei} your leader (JPM in theis case) reversing,
[10:52] {BillyD} understand logic, was just clarifying
[10:52] {Threei} and your stock showing weakness
[10:53] {Threei} will you insist on .72 or shrug and grab .71
[10:53] {Threei} and to the heck with that 1 cent
[10:53] {Threei} also, 1:1 level as the spot where they more often than not reverse or pause - it's just a concept
[10:54] {Threei} it's not necessary that literal
[10:54] {Threei} so there is a room for diascretion here
[10:54] {Threei} as with everything in the market
[10:54] {BillyD} true
[11:03] {Threei} NY Fed: Purchased $7.01B in $300B outright coupons purchase; Dealers submitted $15.94B for consideration (bid to cover 2.27)
[11:03] {Threei} - Heaviest purchase was $4.56B in the 06/30/14 maturity
[11:03] {Threei} Note: Avg bid to cover for prior four auctions is 3.
[11:03] {Threei} is 3.28
[11:11] {BillyD} kind of mixed how stocks are reacting to the new mkt lows
[11:14] {larisa} HURN is happy all of a sudden
[11:14] {Threei} with no news
[11:16] {Threei} CX CEO: Not expecting volumes in cement to come back to its peak levels for at least 5 years
[11:16] {Threei} mobsters switched to garotta?
06[11:17] * Threei is looking for a manufacturer of piano strings
[11:17] {BillyD} cement boot sales are down lol
[11:17] {nemo} well, when all the people go belly up on their lone shark lones, they'll go back up
[11:25] {Threei} GETCO worked on LVS just as instantly
[11:26] {BillyD} are you hitting bid/offer prices
[11:26] {Threei} yes, no other way with this route
[11:26] {Threei} also, passthrough is slightly higher on sell side, probably some kind of regulatory fee
[11:26] {Threei} so the ideal way is,
[11:26] {Threei} get in with GETCO, offer it out with ECN that offers rebate
[11:27] {BillyD} good idea
[11:27] {Threei} and make your commissions next to non-exixtent
[11:27] {BillyD} is GETCO like a pool?
[11:27] {Threei} andf if have to bail out, again use GETCO
[11:27] {Threei} sure feels like it
[11:27] {Threei} logistics of it are ones of a dark pool as far as I can tell
[11:28] {BillyD} does Laser still charge us regular commission?
[11:28] {Threei} yes
[11:28] {BillyD} just not the ecn fees
[11:28] {Threei} right
[11:28] {BillyD} ok
[11:29] {Threei} but by getting ECN rebate you effectfively eat into commissions
[11:29] {BillyD} yup
[11:29] {Threei} if you manage to get rebate on both sides of the trade, your commissions will be laughable
[11:29] {BillyD} just have to make sure there is liquidity
[11:29] {Threei} it's not really easy way to trade,
[11:29] {Threei} as we prefer to enter with momentum
[11:29] {Threei} it's mostly exit where we offer into momemntum
[11:30] {Threei} so GETCO in, ECN lay out seems to be the best way
[11:30] {Threei} with variations like:
[11:30] {Threei} try to bid at your idea price,
[11:30] {BillyD} yes and won't be able to pay over entry price in case miss it
[11:30] {Threei} and keep GETCO ready to hit offer if becomes clear tou won't get your bid hit
[11:31] {Threei} for quick switching between routes may want to use programmable keys
[11:31] {Threei} just be careful with that, room for errors is bigger
[11:32] {BillyD} it would have to be faster than manual
[11:32] {Threei} fat fingers, ya know
[11:32] {Threei} yes
[11:33] {Threei} but it's really easy to program "shift-X key for GETCO entry", "shift Y key for bidding on ISLD, etc
[11:33] {nemo} or shift G and Shift I
[11:34] {Threei} that's the idea, pick those that you can memorize easily
[11:34] {BillyD} how iwll it know how many shares to inseryt
[11:34] {BillyD} does it default
[11:34] {Threei} ask dp, he is expert in key shortcuts
[11:34] {BillyD} ok
[11:38] {BillyD} Vad, you watching BAC
[11:38] {Threei} yes but I don't know what to make of it
[11:39] {nemo} kinda looks like spy
[11:39] {wulff} LVS slow steady
[11:40] {Threei} C Reports July Master Trust; Net Charge offs 10.03% v 10.51% m/m
[11:40] {Threei} - Delinquencies % v 5.49% m/m
[11:40] {Threei} - 5-34 days $2.63B v $2.41B m/m
[11:41] {Threei} I don't emember this kind of reports
[11:41] {Threei} new fashion trend I guess
[11:44] {Threei} tried GETCO on HURN
[11:45] {Threei} inconsisten... two entry attempts were rejected, then third saudcdently gave a perfect fill
[11:45] {Threei} for exit swicthed ti NASDAQ
[11:46] {Threei} not sure what it means
[11:46] {BillyD} if no shares available maybe
[11:46] {BillyD} at that price
[11:47] {Threei} I guess... lack of route out makes it work differently from what we are used to
[11:47] {larisa} can you use Getco with limit couple cents higher than the ask?
[11:47] {Threei} that's what I did
[11:48] {BillyD} did it give price improvement
[11:48] {Threei} yes
[11:48] {Threei} hit existing offer
[11:48] {Threei} huh... it just allowed me to bid
[11:48] {BillyD} and, was the order that was filled above the offer
[11:49] {Threei} I guess its NASDAQ logic is diferent
[11:49] {Threei} hmm?
[11:49] {Threei} I hit .91 while .87 was available, got .87
[11:49] {BillyD} order filled, was your limit price above current offer
[11:49] {BillyD} ok
[11:50] {magoo} HURN is crazy
[11:50] {Threei} just got .06 and offered .13
[11:50] {Threei} allowed me to offer
[11:50] {Threei} so you can add liquidity on NASDAQ via it it seems, but not on listeds
[11:50] {Threei} just no point as there is no rebate
[11:50] {nemo} so, if you're waiting for a break, you better wait for the break
[11:50] {Threei} better to offer on ECN
[11:51] {magoo} positive news COF just now
[11:51] {Threei} I don't see any
[11:52] {magoo} 11:48 its there, no biggie, better than expected managed and trust data metrics for july etc
[11:53] {magoo} frwakin HURN VAD
[11:53] {magoo} its getting the feel
[11:53] {Threei} wow
[11:53] {Threei} you have some seriously delayed news feed mags
[11:54] {magoo} time stamopp 11:48
[11:54] {Threei} have a look at time stamp:
[11:54] {Threei} Monday, August 17, 2009 6:05:47 AM
[11:54] {Threei} Capital One Financial Corp Reports July Master Trust; Net charge offs: 9.83% v 9.73% m/m - filing
[11:54] {Threei} whoever supplies you with news, tell them to go, ummm
[11:54] {magoo} oh shit
[11:54] {Threei} let me think where
[11:55] {Threei} but while I am thinking, rest assured it's very remote, daerk and stinkin' place
[11:56] {Threei} just tried to bid MSFT below the market - rejection
[11:56] {Threei} I am not sure I understand the mechanics of this route for bidding/offering
[11:56] {Threei} luckily, no need
[12:03] {dino} .
[12:10] {Threei} GURN big pullback
[12:11] {Threei} HURN too
[12:11] {Threei} quickest way to switch from GETCO to standard route on NASDQ stock:
[12:12] {Threei} uncheck Route on/off
[12:12] {Threei} I am having an exploraion day today, lol
[12:13] {BillyD} is this box on L2
[12:13] {Threei} yup
[12:13] {Threei} to the right of Cancle button
[12:14] {Threei} pleasantly enough, I manage to combine testing with profit
[12:14] {Threei} normally it's not what happenming, lol
[12:15] {BillyD} we have different L2 windows
[12:15] {Threei} then you don't have this line checked:
[12:16] {Threei} ugh, wait
[12:16] {Threei} it's somewhere in different place in this version
[12:16] {BillyD} in view
[12:17] {BillyD} advanced button style
[12:17] {Threei} yes
[12:17] {Threei} used to be in different place in menu
[12:17] {BillyD} with the box unchecked how does it route
[12:17] {Threei} default
[12:18] {BillyD} which is
[12:18] {Threei} for NASDAQ it's, wait it
[12:18] {Threei} drum roll
[12:18] {Threei} NASDAQ route
[12:18] {Threei} for listeds MLCO I believe
[12:18] {Threei} which I rarelt like
[12:19] {BillyD} is the D+ buy/sell button for day plus orders
[12:20] {Threei} ?
[12:20] {Threei} where is it?
[12:20] {BillyD} in L2 window
[12:20] {BillyD} at bottom
[12:20] {BillyD} under market buttons
[12:21] {Threei} I don't have it
[12:21] {Threei} ahha
[12:21] {Threei} here it is
[12:21] {Threei} no idea
[12:21] {Threei} let's torture dave
[12:21] {BillyD} ok, I see what you have
[12:22] {Threei} there is a manual of course
[12:22] {Threei} but heck... we never ask for directions, do we
[12:22] {BillyD} it's pretty outdated
[12:23] {BillyD} can we put in orders good til cancelled
[12:23] {Threei} I don't think so
[12:23] {Threei} Laser is geared toward day trading
[12:23] {BillyD} what I thought
06[12:53] * Threei puts pillow on the desk right below his chin
[13:00] {Threei} AUG NAHB HOUSING MARKET INDEX: 18 V 18E
[13:03] {Threei} BPAX Reportedly management says it is in early stage talks with vaccine makers for liscensing its Biovant H1N1 product (2.27, +0.31, 15.82%)
[13:07] {Threei} guess
[13:07] {Threei} who
[13:07] {Threei} is
[13:07] {Threei} on
[13:07] {Threei} etc
[13:19] {magoo} vad DNDN
[13:20] {Threei} DNDN Update: Ticks higher as CFO reportedly says he expects adoption of Provenge expected to be greater than current level of use for standard chemo in prostate cancer patients
[13:20] {Threei} - says it expects the initial demand for Provenge to outstrip supply, but expects to be able to meet... (22.11, -0.36, -1.60%) more...
[13:58] {BillyD} Vad, any CRY news....I don't see any
[13:59] {Threei} nothing since that last week FDA
[13:59] {BillyD} ty
[14:01] {Threei} (US) Fed quarterly loan officer survey: Banks report deteriorating lending quality (related EUR/USD XLF )
[14:04] {dino} .
[14:13] {nemo} frickin' brownout...what I miss
[14:13] {Threei} nothing
[14:13] {nemo} sorry to make you pick your chin up off the table
[14:13] {Threei} no worry
[14:13] {Threei} I set my keyboard vertically
[14:14] {Threei} so I can type not changing position
[14:14] {Threei} good coma comes first
[14:17] {nemo} Gotta' go anyways....have a nice nap everybody
[14:17] {BillyD} by
[14:17] {Threei} very considerate and polite of you to drop by to tell us you have to go
[14:17] {nemo} I'm like that
[14:18] {Threei} I am proud of civilized manners being adopted
[14:18] {nemo} now you're lying
[14:18] {Threei} (well, as long as I am not expected to follow to suit)
[14:18] {nemo} Mmmmmmhhhhh....Vad in a suit.....nah
[14:22] {dino} cya nemo
[14:35] {Threei} BAC Moody's raises preferred stock rating (16.73, -0.66, -3.80%)
[14:35] {Threei} AIG Discloses agreement with new CEO Benmosche over compensation - filing
[14:35] {Threei} Mr. Benmosche will receive an annual salary of $7M, consisting of $3M in cash and $4M in fully-veste... (23.74, -0.63, -2.59%) more...
[14:49] {Threei} (US) CFTC's Gensler: Seriously considering position limits for energy futures contracts (related UNG USO )
[15:01] {dino} caesars' contra-coin says we go up
[15:02] {BillyD} WFC weak
[15:02] {BillyD} any thoughts Vad WFC
[15:02] {BillyD} short that is
[15:03] {Threei} doesn't feel right to me
[15:03] {Threei} can't quite put a finger on it
[15:03] {BillyD} ok
[15:12] {Threei} 6% Expect Tax Cut During Obama Years
[15:12] {Threei} I simply can't pinpoint the % of idiots... such a moving target, there seem to be no averages
[15:13] {BillyD} TY...I was getting perplexed trying to fit that one into the herd mentality formula
[15:14] {Threei} the problem is, as soon as you rthink "there, I nailed it", next headline comes right along:
[15:15] {Threei} 22% Expect Things To Improve in Afghanistan
[15:15] {Threei} 35% Say U.S. Heading in Right Direction
[15:15] {Threei} now, you tell me...
[15:15] {BillyD} it's volatile??
[15:15] {BillyD} hehe
[15:16] {Threei} sheer magnitide is amazing
[15:16] {BillyD} aren't you glad you don't have to drive in traffic to work
[15:16] {dino} rst
[15:16] {Threei} lol
[15:24] {Threei} let's see if there is double bottom in WFC
[15:25] {Threei} not so far
[15:26] {fernp} boring but profitable day, hope tomorrow be like today :)
[15:27] {fernp} see u tomorrow
[15:27] {Threei} :)
[15:27] {dino} tighten rtp to .35 all dayer
[15:29] {BillyD} OCLS news?
[15:30] {BillyD} can't find any
[15:30] {Threei} OCLS Hearing chatter company may sign a significant marketing deal shortly
[15:30] {BillyD} no short
[15:30] {BillyD} available
[15:35] {Threei} US House Speaker Pelosi: Public option for health care has 'strong support' would lower health care costs (related IYH PPH BBH )
[15:36] {Threei} Note: Reports surfaced this weekend that the White House was close to removing the public option from the bill
[15:41] {dino} out rtp .32, +2.07
[15:41] {larisa} gj
[15:41] {BillyD} very nice dino
[15:41] {dino} ty, lucky entry
[15:51] {dptl} good evening all
[15:52] {BillyD} same here...cya
[15:52] {Threei} okay guys, thank you all
[15:53] {Threei} have a good evening, see tyou tomorrow
[15:53] {larisa} bye :)