Apr 30 2009

Mostly scalping day but profits are profits - big gap days are often like this. One of interesting plays was on unlikely stock: URRE. Usual suspects become boring over time, so it was nice to play in a new sandbox.

Session Time: Thu Apr 30 00:00:00 2009

[08:04] {magoo} morning

[08:05] {Threei}  Good morning

[08:05] {Threei}  SQNM

[08:05] {Threei}  holy smokes

[08:06] {magoo} WOW

[08:06] {Threei}  04/29/09 04:40pm

[08:06] {Threei}  [SQNM] Sequenom, Inc Reports Q1 -$0.29 v -$0.23e, R $8.7M v $11.1Me

[08:06] {Threei}  - Guides FY09 Rev $32M-$35M v $55Me

[08:06] {Threei}  and of course bunch of downgrades

[08:07] {magoo} bouncer somewhere vad

[08:07] {magoo} maybe at zero

[08:09] {Threei}  what a punishment

[08:09] {magoo} vad..fslr reported last nite..u have it?

[08:09] {Threei}  04/29/09 04:38pm

[08:09] {Threei}  [FSLR] First Solar Inc. Reiterates prior FY09 guidance - conf call slides

[08:09] {Threei}  - Reiterates FY09 sales guidance $1.9B-$2.0B v $1.87Be, and margins of 31%-33%

[08:09] {Threei}  - Follow up 16:49pmET: CEO reaffirms 10%-15% of planned 2009 shipments at risk of default - conf call

[08:10] {magoo} jesus though..a 15 dollar stock to 2??

[08:10] {Threei}  try 3 brwak with stop under 2.90

[08:11] {nemo} fslr cleaned up

[08:12] {Threei}  MGM nice gap

[08:12] {Threei}  LVS is trying to catch up

[08:13] {magoo} news AMZN?

[08:14] {Threei}  no

[08:14] {Threei}  wow... SQNM didn't even try to bounce

[08:16] {cosmo} 2.50 looks solid?    hehe

[08:16] {Threei}  sure.. unless it breaks

[08:16] {nemo} it all works until it doesn't

[08:17] {magoo} and its all fun and games until someone loses an eye :)

[08:17] {Threei}  or breaks an ankle

[08:17] {magoo} ROFLOL

[08:17] {nemo} nephew has a great shirt:  "It's all fun and games until the flying monkeys attack"

[08:18] {Threei}  lol

[08:18] {nemo} "wanna' play ball scarecrow!"

[08:18] {nemo} ohoh

[08:19] {cosmo} poppies will make them sleep

[08:20] {nemo} ohoh

[08:20] {Threei}  number of downgrades on SQNM becomes ridiculous

[08:20] {Threei}  every second headline

[08:20] {nemo} rats from a sinking ship

[08:20] {magoo} really at 3 bux should be strong buy

[08:21] {magoo} ate huge offer 06

[08:22] {Threei}  there are more where that came from

[08:23] {magoo} big at 3

[08:27] {nemo} who's playing sqnm?

[08:29] {magoo} i have a lil at 2.95

[08:29] {nemo} Where's ese?  He'd have 20000 of the little buggers

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 631K V 640KE; CONTINUING CLAIMS: 6.271M V 6.200ME

[08:30] {Threei}  - Prior jobless claims revised from 640K to 645K

[08:30] {Threei}  - Prior Continuing Claims revised from 6.137M to 6.138M

[08:30] {Threei}  MAR PERSONAL INCOME: -0.3% V -0.2%E; PERSONAL SPENDING: -0.2% V -0.1%E

[08:30] {Threei}  - Prior Personal Spending revised from 0.2% to 0.4%

[08:31] {Threei}  Q1 EMPLOYMENT COST INDEX: 0.3% V 0.5%E

[08:31] {Threei}  MAR PCE CORE M/M: 0.2% V 0.1%E; PCE CORE Y/Y: 1.8% V 1.8%E; PCE DEFLATOR Y/Y: 0.7% V 0.7%E

[08:32] {jfjf64} mornin

[08:33] {Threei}  jf :)

[08:37] {Threei}  WHITE HOUSE: CHRYSLER WILL PROCEED WITH CHAPTER 11 FILING

[08:40] {magoo} shoot..missed LVS

[08:40] {Threei}  me too

[08:40] {magoo} u take vads?

[08:41] {Threei}  waited for pullback that never came

[08:43] {Threei}  SQNM honestly trying

[08:45] {Threei}  F over 5.50 resistance

[08:46] {dptl} good morning all

[08:46] {Threei}  dp :)

[08:49] {Threei}  taking any off the table magoo?

[08:50] {magoo} soon

[08:50] {magoo} wont lose on it

[08:50] {magoo} but maybe its a pointer

[08:50] {magoo} LVS pullbk enough vad

[08:51] {Threei}  a bit more would make me happier

[08:53] {ese} good morning

[08:53] {Threei}  ese :)

[08:53] {magoo} ese:)

[08:53] {vinod} good morning

[08:53] {nemo} dude :)

[08:53] {Threei}  vinod :)

[08:54] {nemo} vinod :)

[08:54] {vinod} first time i am watching you guys on pre marke

[08:54] {nemo} sqnm still running

[08:54] {Threei}  mags... take half off

[08:54] {Threei}  don't be a pig

[08:54] {ese} rally continues ehh

[08:54] {nemo} oink oink

[08:54] {Threei}  they get flu

[08:54] {vinod} got sgnm at 2.95

[08:54] {nemo} good one

[08:55] {Threei}  half out vinod, at least

[08:55] {vinod} 0ut 3.40 ony 500

[08:55] {Threei}  good job

[08:56] {vinod} i learn something new today

[08:56] {Threei}  LVS

[08:56] {Threei}  just a tad more please

[08:57] {nemo} nice call on sqnm vad

[08:58] {dptl} where are you thinking lvs?

[08:59] {Threei}  maybe under 9 if we get lucky

[08:59] {Threei}  8.80 if we get very lucky

[08:59] {dptl} i see

[09:00] {Threei}  (RU) RUSSIAN NATO ENVOY: RESPONSE TO EXPULSION OF DIPLOMATS WILL BE HARSH AND DECISIVE

[09:00] {Threei}  what did I miss?

[09:01] {fernp} Hello everybody

[09:01] {Threei}  fern :)

[09:01] {Threei}  who expelled whose dimplomats?

[09:02] {Threei}  keep an eye opn ABAT guys

[09:02] {Threei}  this one may bet some traction

[09:02] {ese} fern

06[09:04] * Threei slaps magoo around a bit with a large bootle of AntiGreedin

[09:06] {wulff} LVS

[09:06] {Threei}  took half at 9

[09:06] {Threei}  with idea to add another half if drops more

[09:12] {pita} ola everyone

[09:12] {nemo} que tal?

[09:13] {wulff} took .05

[09:13] {Threei}  pita :)

[09:14] {pita} bien?

[09:14] {fernp} ola = sea wave and hola = hello :)

[09:15] {pita} hola, gracias

[09:15] {fernp} de nada

[09:16] {dptl} where is your stop Vad lvs?

[09:16] {Threei}  [09:06] {Threei} took half at 9

[09:16] {Threei}  [09:06] {Threei} with idea to add another half if drops more

[09:16] {Threei}  I am looking for entry point for another half, not stop

[09:16] {pita} trading in the pre mkt?

[09:17] {Threei}  SQNM and LVS, pita

[09:18] {pita} wrong day to sleep in...

[09:18] {wulff} never touched .80

[09:18] {dino} gm all

[09:18] {Threei}  dino :)

[09:19] {Threei}  SQNM retreat

[09:20] {ese} wow just looked at that.......-11.75.....thats a hair cut

[09:21] {nemo} haircut...I think they started at the throat...

[09:21] {ese} what do they do?

[09:22] {ese} sqnm that is

[09:22] {Threei}  they drop

[09:22] {ese} ha ha .....ha ha

[09:23] {Threei}  genetic analysis products that translate genomic science into superior solutions for biomedical research, agricultural applications, molecular medicine and non-invasive prenatal diagnostics research, and potentially, clinical utility.

[09:24] {Threei}  (US) WHITE HOUSE AIDE: CHRYSLER BANKRUPTCY TO LAST "ONE OR TWO MONTHS"

[09:26] {ese} tks vad.........ever thought about a comedy act?

[09:27] {Threei}  yeah

[09:27] {ese} i'll be the straight guy..........you the one liners.......we could be big

[09:27] {Threei}  seinfield wasn't scared

[09:27] {ese} hmmmmmm

[09:29] {dino} downs' syndrum test claimed near 100% accuracy, now saying deata not reliable

[09:30] {dino} spelling errors

[09:30] {nemo} lab workers were stoned

[09:33] {Threei} Long Setup:  URRE  .45 break if stays above .35

[09:33] {dino} gmcr

[09:34] {jfjf64} stop

[09:36] {Threei} Long Setup:  LVS  .40 break

[09:37] {Threei}  under .30, invalidated

[09:37] {nemo} bummer

[09:37] {fernp} too fast

[09:37] {Threei}  too fast anyway

[09:37] {nemo} and invalidated

[09:39] {dptl} in urre

[09:39] {nemo} in urre

[09:39] {nemo} partial

[09:40] {dino} hmmm cyber no gmcr

[09:41] {dptl} half out ty

[09:41] {Threei}  half out URRE

[09:41] {magoo} out .84 TY vad

[09:42] {nemo} out urre ty

[09:42] {dptl} more out .65

[09:43] {ese} nice one boys

[09:45] {magoo} u still in LVS vad?

[09:45] {Threei}  no

[09:45] {magoo} me out too

[09:47] {nemo} you're outed mags?

[09:47] {nemo} whoa

06[09:47] * magoo slaps nemo around a bit with a large trout

[09:47] {nemo} hehehehehe

[09:48] {magoo} no laughing, cant focus:)

[09:48] {nemo} I'm sick, can't focus anyway

[09:50] {magoo} GMCR nuts

[09:53] {Threei}  DNDN bottomless

[09:53] {nemo} was just looking at that

[09:53] {dino} mgln

[09:56] {dino} not participating, t, vz, wmt, schw,gld

[09:58] {Threei} Long Setup:  EBAY  .95 if stays above .80

[09:59] {nemo} in

[09:59] {dptl} in

[10:00] {magoo} in

[10:00] {fernp} in

[10:00] {pita} finally caught one - EBAY

[10:01] {Threei}  (US) WHITE HOUSE ECON ADV ROMER: EXPECTS US ECONOMY TO PICK UP IN H2

[10:01] {ese} H2 ?

[10:01] {ese} or Q2?

[10:02] {_ryanagler} new here -- can you explain the ".95 if stays above .80".  when that was posted, ebay was at 16.95.  Does that mean buy at 16.95 and set your stop at 16.80?

[10:03] {nemo} I always wondered what vad meant???

[10:03] {Threei}  yes, but it was .93 wheh it was posted

[10:03] {dino} mant

[10:03] {Threei}  it also means that if it loses .80 before triggering, play is invalidated

[10:06] {Threei}  US GOVT TO REPORTEDLY ASK CHRYSLER CEO NARDELLI TO REMAIN WITH COMAPNY DURING THE TRANSITION

[10:08] {_ryanagler} thanks.  when i looked at the quote it must have just moved to .95.  so, in that setup, if it had remained at .93 for awhile longer, you are recommending to wait for .95 or to get in anywhere between .80 and .95?

[10:08] {Threei}  that depends on your level of aggressiveness

[10:09] {Threei}  look up blog article titled

[10:09] {fernp} stop below .90 for ebay?

[10:09] {Threei}  How agressive are you

[10:09] {Threei}  yeah, makes sense fern

[10:10] {Threei}  http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html

[10:11] {Threei}  let's take half off here EBAY

[10:12] {Threei}  stop for second half URRE to under .60

[10:12] {Threei}  .50, sorry

[10:12] {pita} what did you see to sell half at this level?  Declining volume?

[10:13] {Threei}  NASDAQ stalles at resistance and is likely to pull back

[10:13] {Threei}  I don't want to run into situation where EBAY overreacts

[10:13] {Threei}  and shakes us out

[10:14] {Threei}  which is exatly what it does as we speak

[10:14] {pita} ah ty - looks like that is happening

[10:14] {nemo} out ebay

[10:14] {Threei}  out breakeven second half

[10:14] {Threei}  a bit disappointing

[10:14] {nemo} no lost

[10:14] {Threei}  such break on daily deserved more attention

[10:15] {pita} me too

[10:15] {pita} reenter if holds .80?

[10:15] {dino} ]psys, mant, mgln, isys, aiz

[10:15] {dptl} out too....ebay

[10:16] {Threei}  I won't pita

[10:16] {pita} k ty

[10:18] {dptl} whats with cat?

[10:18] {nemo} announced rebounding business yesterday

[10:19] {pita} cat = china growth

[10:19] {dptl} ok ty

[10:19] {dino} sm l mgln .60

[10:26] {Threei} Long Setup:  RIMM  69 break

[10:26] {Threei}  stop under .85

[10:26] {nemo} amn

[10:26] {nemo} damn

[10:26] {Threei}  let it pull back

[10:27] {Threei}  wait for resumed strength now

[10:27] {nemo} oops in

[10:29] {nemo} got out

[10:29] {Threei}  hmm?

[10:29] {Threei}  that's one weird trading :)

[10:30] {nemo} well, sounds like I jumped the gun, so bad entry 

[10:30] {nemo} therefore, being able to get out whole I consider luck

[10:30] {dptl} in 69

[10:31] {nemo} stop on RIMM?

[10:32] {Threei}  stop to under .90

[10:32] {dino} double bottom mant?, sm l mant .30 risky

[10:32] {Threei}  URRE stop to under .55

[10:34] {dptl} stopped rimm -.14

[10:34] {dino} stopped mant -.32

[10:34] {dino} f'ing rinse

[10:36] {magoo} l aapl off .50

[10:36] {magoo} stop .19 hl

[10:36] {dptl} ah rimm shakeout

[10:36] {magoo} .90 area looking for

[10:36] {jfjf64} yup

[10:36] {Threei} Long Setup:  FAS  .85 break if stays above .80

[10:37] {Threei} Long Setup:  WFC  .40 break

[10:40] {nemo} wfc invalidated?

[10:41] {Threei}  yeah

[10:41] {Threei}  turns into bounce candidate

[10:41] {Threei}  from under .20 most likely

[10:42] {_ryanagler} long might be tough into 888 s&p resistance

[10:43] {dino} mant sm l .35, last try

[10:46] {magoo} aapl stiopped

[10:48] {dino} psys s .01

[10:49] {chinggis} BAC?

[10:50] {Threei} Short Setup: DNDN  .85 half lot

[10:50] {Threei}  if stays below 21

[10:50] {magoo} OY

[10:50] {nemo} good for you guys, I magoo it and you make a call.

[10:50] {Threei}  see that big UBSS bid at .85?

[10:51] {Threei}  that's youer indication

[10:51] {dptl} in

[10:51] {nemo} too fast

[10:51] {magoo} missed dammit

[10:52] {jfjf64} cant  short    schwab   crazy

[10:52] {Threei}  I don't see any play on BAC chinggis

[10:52] {magoo} call chuck

[10:52] {nemo} hehehehe

[10:52] {jfjf64} lol

[10:52] {nemo} chuck you farley

[10:52] {Threei}  (US) WHITE HOUSE ADVISOR ROMER: REITERATES THAT UNEMPLOYMENT IS SEEN RISING OVER THE COMING MONTHS -CONG TESTIMONY

[10:52] {chinggis} ok ty

[10:54] {jfjf64} fas??

[10:54] {dptl} out urre

[10:55] {dino} pnra wants gap filled, imo

[10:55] {magoo} i like AAPl as clkose to .50 u can get long

[10:55] {magoo} 127 in the cards if IF mkt resiumes

[10:56] {magoo} i am in

[10:56] {dino} mgln stop to .91

[10:57] {dino} to .05

[10:58] {dino} out mgln .05, +.45

[10:59] {dino} psys bstop is .12 fwiw

[10:59] {nemo} what you short it at?

[10:59] {nemo} Dino

[11:01] {dino} .01

[11:01] {dptl} covered some .70 dndn

[11:01] {Threei}  covering half DNDN .60

06[11:01] * magoo slaps Threei around a bit with a large trout

[11:02] {magoo} supplement in there "large roll of cash" lol

[11:02] {Threei}  just no shaking out now DNDN, okay?

[11:03] {Threei}  break .50 and give us a buck

[11:03] {dptl} same stop?

[11:03] {Threei}  matter of taste really

[11:03] {Threei}  can move to above .90 if that matters

[11:04] {dptl} ok ty

[11:05] {dino} psys stopped -.11

[11:05] {dino} pnra hmmm, perhaps the gap waitsa

[11:06] {magoo} out aapl

[11:06] {nemo} "waitsa"?

[11:06] {nemo} solid NAS volume today...anybody know why?

[11:07] {dino} typo

[11:08] {nemo} dino, reenter psys if it breaks 19?

[11:10] {Threei}  die already DNDN

[11:10] {magoo} funny how such a wild animal one day

[11:10] {magoo} next pussycat

[11:11] {dino} should work, but its a toughie. maybe better short towards hod

[11:13] {Threei}  RIMM, that was rude

[11:13] {dino} cymi

[11:14] {jfjf64} y

[11:14] {Threei}  hate these big gap - slow climb days

[11:14] {dino} me too

[11:15] {Threei}  first you can't tell continuation from reversal, so you wait for pullback

[11:15] {nemo} yeah might as well go fishing...reminds me

[11:15] {Threei}  pullback never comes

06[11:15] * nemo slaps Alert around a bit with a large trout

06[11:15] * nemo slaps Threei around a bit with a large trout

[11:15] {nemo} better

[11:15] {Threei}  then you run into long stall

[11:15] {nemo} oh and magoo...

[11:15] {Threei}  where longs don't work,

[11:15] {Threei}  neither do shorts

06[11:15] * nemo slaps magoo around a bit with a large venison back straps

[11:16] {jfjf64} that cd be prob

[11:21] {dptl} out dndn

[11:21] {Threei}  yeah

[11:22] {pita} LVS filled gap -  now what?

[11:24] {Threei}  it didn't

[11:25] {Threei}  7.70 is yest close

[11:25] {pita} from yest high

[11:26] {Threei}  hihg 7.99

[11:27] {pita} my 5 day says 8.20?

[11:27] {dino} bare

[11:27] {pita} oh that's after mkt

[11:33] {dino} cymi s sm .53

[11:35] {Threei}  (US) WHITE HOUSE ADVISOR ROMER:

[11:35] {Threei}  - "Incredible uncertainty' surround the cost of fixing the financial system

[11:35] {Threei}  - States that IMF is unlikely to have accurate estimates on true costs for the 'clean up' of the US financial system

[11:35] {Threei}  - Reminder: On 4/29 -White House's Romer: Believes Q1 GDP may have a "silver lining" in higher consumer spending and lower inventories - TV interview

[11:35] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[11:35] {Threei}  - Reiterates that there are limited signs that financial markets are loosening up somewhat.

[11:36] {Threei}  STATEMENT FROM NON-TARP LENDERS TO CHRYSLER; SAYS OFFERS TO CO. HAVE BEEN REJECTED OR IGNORED

[11:36] {Threei}  - Lending group comments that it is continuing talks with US Treasury

[11:36] {Threei}  - Offered to take 40% haircut

[11:39] {dino} dealing w/govt=dealing w/devil it seems

[11:40] {Threei}  heh

[11:40] {Threei}  white house statement says lenders failed to act in their own interests and in national interests

[11:40] {Threei}  how about that?

[11:41] {magoo} national interests

[11:41] {magoo} nazi germany

[11:41] {Threei}  wagging finger

[11:41] {magoo} huh?

[11:46] {Threei}  don't you find it incredibly patronizing to tell them what their best interests are?

[11:46] {nemo} I liked that one best

[11:46] {Threei}  IMF: IMPACT ON CERTAIN COUNTRIES FROM THE SWINE FLU OUTBREAK MAY BE QUITE 'DRAMATIC'

[11:48] {Threei}  CDC official on CNN... "we are twitting... I've never twitted before"

[11:49] {Threei}  I am getting old...

[11:49] {Threei}  it irritates me to no end, lol

[11:49] {Threei}  ity's acting CDC director

[11:50] {Threei}  apparently can't wait to finish press-conference and go twit

[11:50] {cosmo} twit?

[11:50] {Threei}  you are old too cosmo

[11:51] {Threei}  you don't twit

[11:51] {cosmo} very

[11:51] {cosmo} oh

[11:51] {vinod} outbreak of swine flu panic

[11:51] {nemo} sqnm vad

[11:51] {dptl} short wfc agresive .23 stop above .30

[11:52] {Threei}  lol vinod

[11:53] {Raven} chirp

[11:53] {nemo} ravens chirp?

[11:53] {Threei}  wow... CDC: Mexico lab is able to make diagnosis now

[11:53] {Raven} today they do

[11:53] {Threei}  nemo... one thing is for sure

[11:53] {Threei}  Ravens do NOT twit

[11:53] {Raven} I hate twits

[11:53] {vinod} good excuse to stay home

[11:54] {vinod} i should tell my bos i am feeling swan

[11:54] {Threei}  ahha

[11:54] {Threei}  CNN corrected him

[11:54] {cosmo} is it dangerous while driving?

[11:54] {Threei}  it's not twitted, it's tweeted

[11:54] {cosmo} ...twitting?

[11:55] {Threei}  now I know too, along with acting director of CDC

[11:55] {Raven} how absurd

[11:55] {dino} wow, the tangents you guys take lately, lol

[11:56] {Raven} cosines?

[11:56] {Threei}  I am telling you... 5 years more, I won't understand half of what they say

[11:56] {Threei}  (of course I don't understand about 47% as of now)

[11:56] {dino} mgln approaches lod, life, psys towards hod

[11:56] {fernp} How many days without smoking, Vad?

[11:56] {nemo} wait til we go to derivatives Dino

[11:57] {nemo} without smoking what?

[11:57] {fernp} lol

[11:57] {Threei}  6 weeks, fern

[11:57] {fernp} WTG

[11:57] {Threei}  ty

[11:57] {Threei}  no craving either

[11:58] {Threei}  clean break

[11:58] {Threei}  after 30 years of smoking

[11:58] {dptl} sigh...stopped wfc

[11:58] {dptl} -.07

[11:58] {dino} congrats vad

[11:58] {Threei}  ty

[11:58] {Raven} after 30 years you're doomed anyway

[11:58] {fernp} yes, congrats

[11:58] {Threei}  of course I am... smoking or no smoking

[11:59] {Raven} just trying to be the optimist

[11:59] {Threei}  but for different reasons

[11:59] {nemo} only sure thing in life

[11:59] {vinod} congrat for giving up smoking

[11:59] {Threei}  maybe .80 break on SQNM worth a short

[12:00] {Threei}  ty vinod

[12:00] {vinod} 20 year ago my wife was going to leave unless i quite

[12:00] {Threei}  you are single since then right?

[12:01] {vinod} no i quite in hurry

[12:01] {Threei}  wow

[12:01] {nemo} stuff croaked my mother...rotten painful way to go

[12:01] {Threei}  I'd leave her just because I wouldn't accept ultimatum :)

[12:02] {vinod} accept all when you are in love

[12:02] {dptl} in sqnm

[12:02] {Threei}  REPORTEDLY US OFFICIALS ARE LEANING TO DISCLOSING INDIVIDUAL BANK STRESS TEST RESULTS NEXT WEEK

[12:03] {Threei}  PRESIDENT OBAMA: CHRYSLER TO FILE FOR BANKRUPTCY IN NEW YORK, FIAT TO TAKE 20% STAKE IN REORGANIZED COMPANY

[12:03] {Threei}  - GMAC to be financing arm for new Chrysler cars

[12:03] {Threei}  - US Treasury to have 8% equity stake in new Chrysler; Govt of Canada and Ontario to have 2% stake

[12:03] {Threei}  - White House confirms sees a 'surgical' bankruptcy to last approx 30-60 days

[12:03] {Threei}  - Chrysler network of US dealers are part of bankruptcy{GM F F.IT USD/CAD EWC}

[12:04] {dptl} stop .94

[12:04] {dptl} ?

[12:04] {Threei}  I prefer .91

[12:04] {dptl} ok ty

[12:06] {nemo} what quoth the Raven today?

[12:07] {Raven} Neverenough ?

[12:07] {dino} cymi bstop to .23

[12:08] {Threei}  Prez on TV

[12:09] {Threei}  PRESIDENT OBAMA: REORGANIZATION WILL GIVE CHRYSLER A "NEW LEASE ON LIFE"

[12:11] {dino} life s sm .86, stop hod

[12:11] {Threei} Short Setup: CAT  36 breakdown

[12:12] {magoo} independent of mkt?

[12:12] {dino} mant waking up

[12:13] {Threei}  why independent?

[12:13] {Threei}  mostly moves in unison

[12:14] {magoo} i mean mkts upticking

[12:14] {nemo} PSYS DINO

[12:14] {Threei}  which means CAQT is not likely to trigger

[12:14] {magoo} dont like to short in uptrend

[12:14] {magoo} unlessstox independent

[12:14] {magoo} hey, theres that word again

[12:14] {Threei}  if stays close enough to thwe trigger level, should trigger when market reverses

[12:14] {dino} schw big gap around 17.60 from tues.

[12:15] {dino} cymi to .13

[12:15] {dino} cov +.40

[12:15] {Threei}  - Believes the arrangement with Fiat will save 30K jobs.

[12:15] {Threei}  - Deal involves transfer of Fiat's 'cutting edge' technology to Chrysler.

[12:16] {Threei}  - bankruptsy is not a sign of the weakness

[12:16] {Threei}  hmmm

[12:16] {Threei}  this one is my favorite I think

[12:17] {Threei}  - small group of speculators endangers Chrysler future by refusing to make sacrifice like everyone else

[12:17] {Threei}  no... this one is better

[12:18] {dino} no mention of union concessions

[12:18] {vinod} Creditors have decided that cash is more important than the future of the American car industry

[12:18] {nemo} what future?

[12:18] {Threei}  UAW had 55% stake under the proposed deal

[12:18] {Threei}  creditors said no way

[12:19] {Threei}  also, all projections show that Chrysler if survives can count on 5% market share

[12:19] {Threei}  that's less that Kia ot Hundai

[12:19] {Threei}  creditors are quite right to walk away

[12:20] {Threei}  CAT invalidated

[12:20] {Threei}  - Notes disappointment with hedgefund bondholders, who were holding out for a better deal.

[12:20] {Threei}  - says Chrysler Finance would have needed an unacceptable amount of govt support, thus new Chrysler financing will be provided by GMAC

[12:21] {patience} why does it think i'm away vad

[12:22] {Threei}  what does?

[12:22] {patience} the little line that says patience is away

[12:22] {Threei}  you must have set it somewhere

[12:22] {patience} ty

[12:22] {Threei}  in mirc, go to:

[12:23] {cosmo} Solution for auto companies:  They are 'shovel ready' to make rail cars, rails, and MagLev systems.... they had to make tanks during the war...remember?

[12:23] {Threei}  Commands - Set Away

[12:23] {Threei}  make sure it's on Off

[12:23] {Threei}  I don't remember cosmo... you take my 'I am old" too literally {G}

[12:24] {chinggis} cat

[12:24] {chinggis} sorry mistake

[12:24] {cosmo} oh ... not the more recent wars, of course

[12:28] {dino} how do they figure gmac has funds, gm is broke too

[12:31] {wulff} CAT breaks

[12:33] {cosmo} CAT next big U.S. auto maker maybe?

[12:34] {Raven} those are gonne be pretty heavy cosmo ...

[12:34] {dino} mant to .60

[12:34] {Raven} gonna

[12:35] {Raven} will chew up the roads mabye

[12:35] {Raven} maybe ...

[12:35] {Threei}  that will create more jobs Raven

[12:35] {Raven} that'll be swell

[12:35] {cosmo} they are very stable in high winds

[12:35] {dino} cool name

[12:35] {Raven} lol ... very true

[12:36] {cosmo} i love the treads too

[12:36] {Raven} I like tanks a lot

[12:36] {dino} your welcome

[12:36] {Raven} always wanted one

[12:36] {cosmo} hmmm

06[12:36] * Raven slaps dino around a bit with a large trout

[12:37] {dino} to .72 mant

[12:37] {dino} ouch

[12:37] {dino} to .80

[12:38] {dptl} out sqnm ty

[12:38] {dino} out +.45

[12:38] {Threei}  can't believe it took this long to work, dp

[12:38] {jfjf64} im i on line  lost  connection

[12:38] {Threei}  but whatever

[12:38] {dino} too tight

[12:39] {dino} itri blood

[12:39] {jfjf64} any body copy   yes  no   

[12:39] {Threei}  no

[12:39] {fernp} yes, you are in jf

[12:39] {cosmo} Infrastructure Conglomerate   ... the next industrial sector...

[12:39] {Threei}  fern... you are wayyy too polite

[12:40] {jfjf64} ty    are ya in anything

[12:40] {Threei}  just covered SQNM, jf

[12:40] {jfjf64} ty

[12:42] {pita} adios

[12:43] {fernp} adios pita, nos vemos maana

[12:43] {dino} itri hmmmm

[12:43] {dino} mgln lod

[12:45] {Threei}  awww

[12:45] {Threei}  too soon on SQNM

[12:45] {Threei}  but jeez, it took so long

[12:45] {Threei}  I was just glad to stop staring at it

[12:45] {jfjf64} lol

[12:45] {nemo} look at cat

[12:46] {dino} nemoooooooooo, we missed psys short

[12:46] {Threei}  CAT was kind of discretionary

[12:47] {nemo} I pointed it out to you, and didn't hear back

[12:47] {Threei}  it did reestablish short setup but somewhat lukewarmly

[12:47] {dino} said around hod, see way above

[12:47] {cosmo} 35.50 is pivotal imho

[12:47] {nemo} [12:14] {nemo} PSYS DINO

[12:47] {ese} am back......whats with the dive of the market since i',ve been gone

[12:48] {Threei}  just pulling back off resistance, ese

[12:48] {nemo} So, it's my fault?

[12:48] {ese} for the market pulling back nemo

[12:48] {dino} indeed, lol

[12:48] {nemo} interloper...no the psys short

[12:49] {dino} now, i know this is a contradiction, but; dieeeeeee life

06[12:49] * nemo slaps dino around a bit with a large copy of Nemo's "Disgruntled Postal Worker Fantasy List"

[12:49] {dino} :)

[12:49] {nemo} life and death are merely different sides of the same coin...puke

[12:50] {dino} ok, nemo, riddle me this, itri entry?

[12:50] {dino} isle

[12:51] {Threei}  FAZ

[12:52] {dino} ugh, none avail

[12:52] {Threei}  watching for entry under 8

[12:52] {nemo} with market help, break of 43 

[12:52] {nemo} however, stop below .75 

[12:54] {nemo} why itri drop so much?

[12:54] {Threei}  missed earnings

[12:54] {dino} bstop life to .66

[12:54] {nemo} you in itri dino?

[12:55] {nemo} where?

[12:55] {dptl} in faz 8

[12:55] {vinod} in faz 8.00

[12:55] {dino} not yet

[12:56] {dino} waiting 42.80

[12:56] {nemo} what you lookin for, Willis?

[12:56] {vinod} i still have CAT shorted at 36.02   200

[12:56] {dptl} .95 stop?

[12:56] {dino} mgln hmmmm

[12:56] {dino} holding lod so far

[12:56] {Threei}  CHRYSLER FORMALLY FILES FOR BANKRUPTCY PROTECTION

[12:58] {dptl} out .05 ty

[12:59] {nemo} Dino, ITRI

[12:59] {dptl} got to use EDGX with faz ..fills mush faster than isld]

[12:59] {dino} missed itri

[13:00] {Threei}  seriously dp?

[13:00] {Threei}  I get instant ones with ISLD

[13:00] {nemo} ITRI moving without market

[13:01] {dino} i chickened out nemo

[13:01] {dptl} i don't know waiting all the time on isld with this one and edgx filling

[13:01] {nemo} that's o.k.  my middle name

[13:01] {dino} bummer

[13:01] {nemo} yeah .90 so far

[13:01] {Threei}  whose middle name is bummer?

[13:01] {dino} life to .57

[13:01] {nemo} for years I thought my name was "Asshole!"

[13:02] {nemo} I'm crying Dino

[13:02] {Threei}  mine was Hey You

[13:03] {dino} i'm a dumbazz

[13:03] {Threei}  magoos, I bet, is: Mister, don't shoot!!

[13:03] {dino} cov life .55, +.31

[13:04] {dino} there are better worlds(stocks) than these nemo

[13:04] {nemo} 2.00 in 10 minutes?

[13:05] {nemo} mags/3i's google earnings plays not-withstanding

[13:05] {dino} eyes on mgln

[13:07] {Threei}  hmm

[13:07] {Threei}  dp, you are right

[13:07] {Threei}  got very nice fills on both removing and adding liquidity on EDGX

[13:08] {dptl} ye even if you look at ecn t&s you'll see it's all edgx

[13:08] {Threei}  ty, and your middle name from now on is How Very Observant

[13:08] {dptl} what you in again?

[13:09] {Threei}  nothing right now, just scalped FAZ

[13:10] {Threei}  again, both sides adding liquidity this time

[13:10] {Threei}  ECN revate in works

[13:10] {Threei}  rebate

[13:11] {Threei}  laserheads, you know you can sdee rebate real time, right?

[13:11] {Threei}  see

[13:12] {nemo} the "passthru"

[13:12] {Threei}  right

[13:12] {Threei}  can see both overall and on particular stock

[13:12] {nemo} Had no idea

[13:13] {Threei}  look at number before fill

[13:13] {Threei}  then after

[13:13] {Threei}  you'l see it changing

[13:13] {Threei}  if you add liquidity, it will decerase

[13:15] {nemo} you in mgln yet dino?

[13:15] {Threei}  on my FAZ trades today I actually have positive number

[13:15] {Threei}  meaning I got paid by ECNs to play it

[13:16] {vinod} cover cat 35.48 out faz 8.08

[13:17] {Threei}  very nice on CAT

[13:17] {Threei}  over 50 cents

[13:17] {vinod} TK 

[13:17] {dptl} ye ,thats why it's nice to have ecn t&s to see wich ecn is filling the most so you can get out or get in easily

[13:18] {vinod} I have to play my way sometime because of work

[13:18] {Threei}  unless it gets overcrowded

[13:19] {Threei}  trying to bid FAZ 8.02

[13:19] {dino} mgln not yet nemo, waiting at 29.50

[13:19] {Threei}  yeah right FAZ says

[13:20] {dino} darn, covered my shorts too soon

[13:21] {dino} watching mant and itri for drops into this then bounces

[13:25] {dino} sm l mgln .50 wide

[13:26] {dptl} cat bounce? or to early?

[13:31] {dino} tndm

[13:44] {dino} sm l pnra .10

[13:49] {Threei}  S&P LOWERS CHRYSLER LLC'S RATINGS

[13:49] {Threei}  no really?

[13:52] {nemo} pnra looking more like a short now

[13:54] {dino}  depends on mkt imo

[13:55] {ese} ya'll have good time naaa ya hear........see ya tomorrow

[13:55] {dino} cya es

[13:55] {ese} c ya dino

[13:58] {dptl} {dptl} cat bounce? or to early?...lol 

[14:00] {dino} pnra tighten to .87 not working

[14:01] {nemo} kinda' scary if it breaks 57

[14:06] {dino} stopped-.23

[14:08] {nemo} ITRI ino

[14:09] {Threei} Long Setup:  FAS  .50 break if stays above .45

[14:14] {dino} cpla

[14:17] {dptl} valid again?

[14:18] {nemo} you play cpla dino?

[14:19] {Threei}  I'd like it to make one more move between .45 and .50

[14:19] {Threei}  to reestabliash the range

[14:20] {_ryanagler} gs short at 127 maybe?

[14:20] {_ryanagler} both 20 & 50 ma resistance

[14:20] {dino} sm l life .00

[14:21] {dino} nemo, waiting at 49.60

[14:21] {Threei}  finanacials uptrend again ryan

[14:21] {nemo} for CPLA?

[14:21] {Threei}  it's very jerky, can drop of course

[14:22] {Threei}  but there is nothing to indicate entry

[14:26] {dino} y

[14:26] {dptl} .55-.60 now fas?

[14:27] {Threei}  nah

[14:27] {Threei}  pullback into .50 or under

[14:27] {Threei}  I can't chase after such vertical spike

[14:27] {dptl} ok will wait

[14:28] {_ryanagler} short gs at .05

[14:30] {Threei}  swimming against the current ryan...

[14:32] {_ryanagler} youre probably right.  stop is at .50.  usually when 20 and 50 ma converge on 10min to a point at even number its good resist

[14:32] {nemo} ohoh indicators

[14:34] {vint} even after luch hrs, mkt seems tired

[14:34] {jfjf64} fas

[14:35] {Threei}  news helped send GS/FAS down

[14:36] {Threei}  TSLF auction, not very successful

[14:36] {Threei}  not sure it will have any lasting impact though

[14:36] {Threei}  SENATE BUDGET COMMITTEE CHAIRMAN: GEITHNER TELLS SENATE THAT NO ADDED BAILOUT FUNDS WILL BE REQUESTED ANY TIME IN THE NEAR FUTURE

[14:36] {nemo} hasn't moved TBT

[14:39] {Threei}  half out FAS here

[14:40] {nemo} when did you enter?

[14:40] {nemo} nevermind

[14:45] {_ryanagler} out gs at .50

[14:53] {dino} mant getting interesting again

[14:53] {dino} scor spike

[14:57] {Threei}  uh oh

[14:57] {Threei}  GM

[14:57] {Threei}  BONDHOLDER COMMITTEE HAS REPORTEDLY CANCELLED CONFERENCE CALL; GM NOTES IT WANTS TO FOCUS ON REDUCING DEBT AND CAPACITY AND WORKING WITH AUTO TASK FORCE

[14:57] {Threei}  another sign of strength coming?

[14:58] {Threei}  [12:16] {Threei} - bankruptcy is not a sign of the weakness

[14:59] {dino} score

[15:00] {dino} mwiv drop

[15:03] {Threei}  feels like selloff toward the end of day

[15:03] {Threei}  watch FAZ for entry

[15:03] {Threei}  likely to opullback toward 8 or just under

[15:05] {Threei}  US SENATE DEFEATS CRAM DOWN AMENDMENT TO HOUSING LEGISLATION

[15:05] {dino} mgln stop to .59, mkt fall

[15:05] {dino} life to .89

[15:06] {dino} life stopped -.11

[15:06] {dino} mgln stopped +.09

[15:06] {jfjf64} faz nice

[15:06] {Threei}  you took it jf?

[15:07] {jfjf64} yes .05

[15:07] {jfjf64} out .13

[15:07] {Threei}  good reflexes

[15:07] {fernp} gj

[15:07] {Threei}  it's not over

[15:07] {Threei}  bounce, then selling should resume

[15:08] {_ryanagler} dbl bottom

[15:08] {Threei}  and bounce is not likely to big big

[15:08] {jfjf64} when  do i get hit with the trout

[15:08] {Threei}  I don't think it's going to hold ryan

[15:08] {Threei}  new low is coming

[15:08] {_ryanagler} agree :)

06[15:08] * nemo slaps jfjf64 around a bit with a large roll of cash

[15:09] {jfjf64} yeah 

[15:09] {jfjf64} faz  again

[15:12] {jfjf64} need ya help bg guy

[15:12] {Threei}  what's with DRYS?

[15:13] {nemo} yeah saw that

[15:16] {Threei}  DOW red

[15:16] {Threei}  S&P red

[15:16] {Threei}  NASDAQ is a last one holding

[15:17] {Threei}  here comes breakdown on NASDAQ

[15:17] {Threei}  new low

06[15:17] * Threei high-fives ryan

[15:18] {Threei}  COMP red

[15:18] {Threei}  NQ last one in green

[15:18] {dino} s psys .15

[15:18] {Threei}  FAZ 20 cents spike from under .10

[15:18] {dino} gaps fill, next 8016, 1361,855

[15:25] {Threei}  US HOUSE APPROVES LEGISLATION TO APPROVE CREDIT CARD RULES

[15:25] {jfjf64} ??

[15:25] {Threei}  shrug

[15:25] {jfjf64} no more interest

[15:25] {dino} sm l mwiv .30

[15:27] {jfjf64} faz   .10   

[15:28] {dino} mgln l hl .53

[15:29] {dino} psys stopped -.16 done w/it

[15:30] {Threei}  AIG

[15:30] {Threei}  CONSIDERING CLOSING UNPROFITABLE MORTGAGE GUARANTEE UNIT

[15:30] {Threei}  lol

[15:30] {jfjf64} hmm

[15:30] {Threei}  we must be approaching to bottom of the crisis

[15:31] {jfjf64} faz?

[15:31] {dino} mant sm l .63

[15:31] {Threei}  in .05

[15:31] {Threei}  stop under 8

[15:32] {Threei}  hmmm

[15:32] {Threei}  no news that I see

[15:33] {dptl} faz?

[15:33] {Threei}  15:31] {Threei} in .05

[15:33] {Threei}  [15:31] {Threei} stop under 8

[15:33] {dptl} oh lol

06[15:33] * Threei slaps dptl around a bit with a large alarm clock

[15:34] {dptl} in .05

[15:34] {_ryanagler} in .03

[15:35] {dino} out mwiv .05, +.75

[15:36] {Threei}  wtg dino

[15:36] {fernp} indecent dino :)

[15:37] {dino} lol, lucky bounce

[15:38] {nemo} cu tomorrow

[15:39] {jfjf64} kick this faz

[15:39] {dino} cya nemo

06[15:39] * Threei slowly puts on steel toe boots and looks in FAZ's direction

[15:40] {dino} pnra maybe will fill that gap

[15:40] {dptl} out ty

06[15:40] * Threei meets FAZ eyes

06[15:41] * Threei points finger at his pffer at .15

[15:41] {chinggis} out faz.12 ty

[15:42] {Threei}  sure

[15:42] {dino} mant stop to .83

[15:42] {Threei}  whatever... out .13

[15:43] {jfjf64} ditto ty

[15:43] {jfjf64} faz  got me goin  today   lol

[15:43] {_ryanagler} something big coming

[15:44] {dino} stopped mant +.20

[15:47] {Threei}  last try

[15:48] {Threei}  stop is really small

[15:48] {Threei}  can't stay away

[15:48] {dptl} .05 again?

[15:48] {Threei}  no, took .02

[15:48] {dino} m,gln stop to .93

[15:49] {Threei}  out .08

[15:49] {dino} out +.40

[15:49] {Threei}  chicken feed

[15:49] {Threei}  but there was enough of that today to make it profitable day

[15:49] {_ryanagler} nice

[15:50] {_ryanagler} still holding at .03

[15:51] {dino} light but green

[15:51] {Threei}  yeah

[15:51] {dino} lots of rinses today

[15:52] {Threei}  ryan... you know it's 7 min till eod, right?

[15:53] {_ryanagler} yes.  biggest dumps have come in last 5 min in last couple weeks

[15:53] {Threei}  yeah

[15:53] {_ryanagler} but also biggest rallys :)

[15:53] {Threei}  just making sure :)

[15:53] {Threei}  some here actually frogot

[15:53] {Threei}  and were closing positions in hurry on last seconds, lol

[15:54] {dino} gotta hop, thx all, baseball calls

[15:54] {Threei}  take care dino

[15:54] {dino} u2

[15:55] {Threei}  nice FAZ

[15:56] {_ryanagler} gogo

[15:56] {Threei}  4 min

[15:58] {_ryanagler} fun faz run

[15:58] {jfjf64} woooo    ty    good  night

[15:59] {_ryanagler} stops to .32

[15:59] {dptl} have a good evening all

[15:59] {_ryanagler} ouy. ty vad!

[15:59] {Threei}  thank you all

[15:59] {_ryanagler} out

[15:59] {Threei}  welcome, good job

[16:00] {Threei}  have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {fernp} good evening all

[16:00] {_ryanagler} take care

Apr 29 2009

Lackluster day. A few small stops, a few even smaller wins. One of those days when you don't understand why you bothered to wake up - at least for the trading part of the day.

Session Time: Wed Apr 29 00:00:00 2009

[07:10] {nemo} anybody home?

[08:07] {Threei}  good morning

[08:07] {Threei}  wow DNDN

[08:07] {Threei}  what a killer

[08:07] {Threei}  did its best to destroy both sides

[08:14] {Threei}  Prez on TV in case you wondered

[08:16] {magoo} morning

[08:16] {Threei}  mags

[08:17] {magoo} any feel on DNDN?

[08:18] {Threei}  will be very volatile

[08:18] {Threei}  whether all good news is in or not, remains to be seen

[08:19] {Threei}  it scared the hell out of holders by that yesterday dive,

[08:19] {Threei}  it showed them just how huge the potential for a loss is in this one

[08:19] {magoo} yea

[08:19] {Threei}  so I'd think it will have considerable amount of bailing out

[08:19] {magoo} still avail short in laser

[08:20] {Threei}  my best guess at this point:

[08:20] {Threei}  it will soak in that bailing out and jump uponce again

[08:20] {Threei}  to frustrate those bailed out and to sucker in new portion

[08:21] {magoo} u think go to 30 pre mkt?

[08:21] {Threei}  I don't know

[08:21] {Threei}  it's a pure guess, don't press me

[08:22] {magoo} ask your magic 8 ball..dino smashed ours

[08:22] {Threei}  risk is on multi-points on this one, especially pre-market

[08:26] {magoo}  don't press me

[08:26] {magoo} ? no pressure, cranky

[08:26] {Threei}  cranky is my usual state

[08:26] {Threei}  just ask my wife

[08:27] {magoo} gdp nummbers

[08:27] {Threei}  in 3 min

[08:28] {Threei}  REPORTEDLY CHRYSLER CEO NARDELLI NOTES THE UAW HAVE UNANIMOUSLY APPROVED A TENTATIVE NEW LABOR PACT WITH THE FIRM - MEMO

[08:30] {Threei}  Q1 ADVANCED GDP PRICE INDEX: 2.9% V 1.8%E;

[08:30] {Threei}  CORE PCE Q/Q: 1.5% V 1.0%E

[08:30] {Threei}  Q1 ADVANCED GDP ANNUALIZED: -6.1% V -4.7%E; PERSONAL CONSUMPTION: 2.2% V 0.9%E

[08:30] {dptl} good morning all

[08:30] {Threei}  dp :)

[08:35] {pita} ola

[08:35] {Threei}  pita :)

[08:39] {fernp} Good morning

[08:40] {Threei}  fern :)

[08:40] {larisa} good morning :) 

[08:40] {Threei}  larisa :)

[08:47] {Threei}  GDP numbers failed to send the market down

[08:48] {cosmo} failed?

[08:49] {_ryanagler} first US swine flu death also failed

[08:50] {vinod} good morning

[08:50] {_ryanagler} Good morning

[08:50] {Threei}  ryan, vinod :)

[08:50] {Threei}  yes, nothing can keep this market down

[08:50] {cosmo} hmmm ... flu failed to impress

[08:51] {nemo} gotta' decrease the surplus population anyway

[08:51] {vinod} we need more bad news it is good for market

[08:52] {Threei}  market does its usual job

[08:52] {Threei}  goes up with as few on board as possible,

[08:53] {Threei}  by using bad news as a factor keeping crowd at bay

[08:53] {Threei}  climbing up against all odds,

[08:53] {Threei}  luring them in,

[08:53] {nemo} THen........

[08:53] {Threei}  and setting the stage for the usual:

[08:53] {cosmo} climbing up against all walls

[08:53] {Threei}  when the crowd gives up and jumps on board, vertical spike with volume explosion follows,

[08:53] {Threei}  then trap shuts

[08:54] {Threei}  and market drops

[08:55] {ese} GM

[08:55] {Threei}  ese :)

[08:55] {ese} hey vad

[08:57] {_ryanagler} shorting a tiny bit of fas at .75 for possible fade

[09:03] {Threei}  GERN

[09:03] {Threei}  HEARING STRENGTH BEING ATTRIBUTED TO CHATTER COMPANY MAY SIGN LARGE CONTRACT WITH A PHARMACEUTICAL COMPANY

[09:04] {ese} bulk dry index?  anybody seen or heard?

[09:08] {Threei}  not for quite a while

[09:11] {chinggis} Goodmorning

[09:11] {pita} drys up 5% on no news

[09:12] {ese} i'm liking the look of the daily chart pita....nice pullback to support

[09:12] {ese} morning chingis

[09:12] {Threei}  chingis :)

[09:13] {pita} I'm watching too

[09:14] {pita} DRYS pre mkt high close to yesterday high

[09:16] {Threei}  WFC yest high 20.12, premarket 20.15

[09:16] {ese} dndn just hit my screens

[09:16] {Threei}  if we get strength, that area is breakout point

[09:19] {dino} gm all

[09:20] {fernp} gm dino

[09:20] {nemo} hey "lucky" man

[09:20] {Threei}  dino :)

[09:20] {nemo} oh no...an ELP moment

[09:20] {dino} :)

[09:20] {jfjf64} good mornin   all

[09:20] {Threei}  jf :)

[09:20] {ese} hey dino

[09:22] {dino} gm

[09:22] {pita} Vad, thoughts on HBAN?

[09:23] {ese} don't stay in it along time....financial not that good

[09:24] {Threei}  none yet...

[09:24] {Threei}  yest high 2.96

[09:24] {Threei}  if consolidates a bit close to it, then breaks with other finnies being storng, could be a play

[09:25] {Threei}  DNDSN won't quit until last short is destroyed eh

[09:25] {ese} boy i'll say

[09:26] {ese} that thing is all over my screens this morning

[09:26] {dino} off mine

[09:26] {Threei}  I used whiteout to get rid of it

[09:26] {ese} i'll try tape

[09:26] {Threei}  works great on monitor surface

[09:27] {ese} simple mater of using a chisel to get it off ...perfect

[09:28] {Threei}  sheesh DNDN

[09:28] {Threei}  one thing is for sure

[09:29] {Threei}  if in the next 1 minute it drops to $5, buy it

[09:30] {ese} ill heed that advice

[09:31] {Threei} Long Setup:  WFC  .95 break

[09:31] {Threei}  if stays above .80

[09:32] {nemo} half or whole

[09:32] {Threei}  jeez DNDN

[09:33] {nemo} invaluamdidate

[09:33] {Threei}  invalidated anyway

[09:33] {Threei}  I am still inetersted, watching for new setup

[09:33] {dino} pfwd

[09:35] {dptl} hban?

[09:36] {Threei}  if stays close to .96 and breaks when FAS bounces, valid play

[09:36] {ese} l drys .40

[09:36] {dino} pnra

[09:38] {Threei}  looks like first morning jumpiness subsides

[09:38] {Threei}  WFC, pullback into .70 for long entry

[09:38] {dptl} in hban

[09:41] {pita} in

[09:41] {dino} hsii

[09:43] {nemo} am I still here?

[09:43] {Threei}  very existential question

[09:44] {nemo} no, because there were no entries and then all the entries from 9:36 to 9:41 popped up at the same time

[09:46] {Threei} Short Setup: WFC  .90 breakdown half lot

[09:46] {dptl} stop .85 for hban? 

[09:47] {dino} pnra sm l .50, jumpy wide

[09:47] {dptl} in wfc

[09:47] {magoo} in

[09:48] {nemo} in

[09:48] {nemo} stop is 95

[09:48] {Threei}  for scalpers...

[09:48] {Threei}  I'd prefer over over 20

[09:52] {Threei}  CRYP...

[09:53] {Threei}  no worky WFC

[09:53] {dptl} stopped

[09:54] {pita} stopped

[09:55] {pita} FITB

[09:56] {wulff} I feel a F .40 breakout coming

[09:56] {Threei}  .long lulu 14.80 break

[09:56] {Threei} Long Setup:  LULU  14.80 break

[09:57] {magoo} crazy one right?

[09:57] {Threei}  potentially

[09:58] {dptl} stop to under .90 hban

[10:01] {Threei}  (US) WHITE HOUSE'S ROMER: BELIEVES Q1 GDP MAY HAVE A "SILVER LINING" IN HIGHER CONSUMER SPENDING AND LOWER INVENTORIES - TV INTERVIEW

[10:01] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[10:02] {wulff} RIMM looks short candidate

[10:03] {nemo} NDX might be bottoming, maybe not

[10:03] {nemo} that is Rimm short if NDX going to climb

[10:03] {ese} is ARCA down?

[10:04] {Threei}  CAT

[10:04] {Threei}  CEO STATES THAT SALES OF LARGE EARTH MOVERS IN CHINA HAVE RESUMED POSITIVE TREND -WSJ

[10:04] {nemo} sorry wulff never mind, charts screwed up...you're right

[10:06] {dptl} stopped hban

[10:08] {dino} life

[10:09] {wulff} is

[10:09] {magoo} shit]

[10:09] {dino} psys close to hod

[10:09] {wulff} there goes RIMM

[10:10] {wulff} was going to do .80 break

[10:12] {Threei}  BAC

[10:12] {Threei}  LEWIS: NOTES THAT EVERY MAJOR BANK "UNDER PRESSURE"; HAVE LOST SOME TALENT TO COMPETITORS - ANNUAL MEETING

[10:12] {dino} psys spike

[10:13] {dino} pnra stopped -.50 dumb had .50

[10:16] {dino} sm s psys .10

[10:18] {ese} daaaaaaa...first opportunity i'm outa drys.....itzzaaa doing nothing

[10:18] {dptl} wfc?

[10:18] {wulff} I'll take it from you

[10:18] {Threei}  shrug

[10:18] {Threei}  you see any setup to take?

[10:19] {Threei}  slow up and down, sometimes sudden spike in random direction

[10:19] {wulff} F .38 break

[10:21] {ese} out drys .41 even daaaaaa

[10:22] {Threei}  LVS lost its mind

[10:22] {ese} vad you describing the sex life of a trader in that last post????

[10:22] {ese} 2nd last post

[10:23] {dino} hsii l .05 sm

[10:28] {vinod} wow!!! if GDP was down 10% market would been up 300

[10:28] {ese} sorry vad......that last attempt at humor has tongue tied you...appologies

[10:29] {larisa} do not worry ese, he is just asleep :)

[10:29] {ese} pheeeewww.....

[10:29] {nemo} wow up and up

[10:30] {Threei}  *DOE CRUDE: +4.05M V +2ME;

[10:31] {Threei}  we have FOMC today... mostly non-event I'd think

[10:32] {Threei}  although who nows what they say in comments

[10:32] {ese} no....Bernake will say something totally inappropriate once again and all hell will break loose

[10:36] {Threei}  jeez

[10:36] {Threei}  typed alert short DNDN 25.10 break

[10:37] {Threei}  was late as it broke while I typed

[10:38] {magoo} i got that

[10:38] {magoo} honest

[10:40] {dino} sm s life .15

[10:40] {Threei} Long Setup:  GE  .46 if stays above .40

[10:40] {magoo} covered here ,36

[10:40] {magoo} +  alot

[10:40] {dptl} in ge

[10:41] {magoo} ty vad for telepathic short call

[10:41] {Threei}  lol

[10:41] {magoo} something compelled me

[10:41] {dino} gj

[10:42] {magoo} in ge

[10:44] {jfjf64} lets go  ge

[10:45] {magoo} vad is there news RIMM?

[10:46] {Threei}  nothing fresh or urgent

[10:48] {vinod} someone should kick the GE

[10:49] {Threei}  look at it's daily

[10:49] {Threei}  screams 14

[10:49] {vinod} nemo-What are they drinking on Wall Street?

[10:50] {Threei}  EU'S JUNCKER: NO SIGNS OF EUROPEAN ECONOMIC STABILZATION AT THE MOMENT, BUT STILL SEE ECONOMY RECOVERY IN 2010

[10:50] {Threei}  sigh

[10:51] {nemo} ge seems to be caught wit fas

[10:52] {nemo} am I here

[10:52] {ese} hello

[10:52] {ese} wondering the same

[10:52] {vinod} hello

[10:53] {magoo} i cant see any of u 3

[10:53] {vinod} my screen went blank

[10:53] {nemo} :)

[10:53] {nemo} usual state for my brain vinod

[10:54] {dino} same

[10:56] {Threei}  anything's going to qwork today?

[10:56] {dptl} ah...stopped ge

[10:56] {nemo} stopped

[10:57] {cosmo} ATVI test @ 11  fwiw

[10:57] {pita} stopped

[10:57] {fernp} stopped GE

[10:57] {Threei} Long Setup:  DNDN  half lot .10 break

[10:57] {Threei}  stop under .90

[10:58] {magoo} too funny..i just took 24 long

[10:58] {dptl} valid still ?

[10:59] {vinod} see you after 1.30

[10:59] {Threei}  yes

[10:59] {Threei}  take care vinod

[11:00] {magoo} bye v

[11:00] {dino} pnra big rinse-job

[11:01] {magoo} out

[11:01] {Threei}  invalidated DNDN

[11:01] {magoo} RIMM vad..near low

[11:03] {jfjf64} stopped ge

[11:05] {dino} filled gap yesterday rimm

[11:10] {cosmo} atvi 11 wall

[11:11] {ese} didn't think it would get there but s/p 872....875 resistance....go through that and who knows

[11:11] {dino} life to b/e stuck

[11:14] {dino} psys stopped -.34

[11:15] {Threei}  WHO: MOVING TOWARDS A PHASE 5 PANDEMIC ALERT

[11:16] {dino} and ccl, rcl up

[11:16] {Threei}  NO SIGNS SWINE FLU IS SLOWING ITS SPREAD; CURRENTLY FLU CLOSE TO THAT OF SEASONAL FLU

[11:16] {Threei}  - Currently at Phase 4; raised to Phase 4 from Phase 3 on 4/27

[11:24] {Threei}  what the deuce

[11:24] {Threei}  market is climbing, I can't find any play to follow it

[11:25] {Threei}  Prez on TV btw

[11:25] {dino} same

[11:28] {dino} psys rinsed too, rinse day

[11:30] {dino} 874.96

[11:31] {nemo} right at resistance

[11:31] {magoo} huge offer rimm vad 01

[11:32] {Threei}  so.. long on break?

[11:32] {magoo} yea

[11:32] {magoo} if eats it

[11:33] {magoo} unless its  the ole dupe and poop

[11:33] {Threei}  anyone sees anything on BCON and URRE?

[11:36] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:38] {chinggis} any read on QLGC 3i?

[11:39] {Threei}  looks breaky

[11:39] {chinggis} ty

[11:39] {Threei}  if market resumes climb, should break

[11:40] {Threei}  how much it has left in it after a dollar climb is anyone's guess

[11:43] {chinggis} in.68 out .74 qlgc

[11:43] {chinggis} ty

[11:43] {dino} psys s .84

[11:44] {dino} life stopped b/e

[11:44] {dino} spiked

[11:50] {Threei}  SHAREHOLDER VOTE REGARDING CEO LEWIS' POSITIONS AS CHMN/CEO IS REPORTEDLY TOO CLOSE TO CALL

[12:03] {Threei}  if you researched whether there is life on earth and used market of last hour as your evidence, answer would have been no

[12:10] {dptl} cat short .60?

[12:11] {Threei}  looks right

[12:11] {Threei}  will require markethelp of course but the chart is right

[12:12] {Threei}  may want to think of aggressive entry

[12:12] {dptl} ok ty

[12:12] {Threei}  like .67 if stays under .75

[12:20] {magoo} u like GS short lord vader?

[12:21] {Threei}  I rarely like GS short...

[12:21] {Threei}  GS always goes up

[12:22] {Threei}  on serious note, I don't know mags

[12:22] {Threei}  I am obviously not in tune with market today so far,

[12:22] {Threei}  and GS is a stock that bills you at high rate for mistakes

[12:23] {Threei}  then again, there's not much to be in tune with today

[12:25] {magoo} NVAX takes 3

[12:33] {dino} pnra maybe double bottom in making

[12:33] {magoo} u got the ball dino..u make the call

[12:33] {Threei}  really... someone should

06[12:33] * Threei hides under the nearest rock

06[12:34] * magoo slaps magoo around a bit with a large trout

[12:35] {dptl} wfc ?

[12:36] {Threei}  still downtrending...

[12:37] {magoo} sh dndnm 

[12:37] {dptl} ye was thinking .90 break

[12:37] {Threei}  and does so against FAS

[12:37] {magoo} loss 24 

[12:37] {magoo} to fast

[12:37] {magoo} sheesh

[12:39] {magoo} sh GS here RISKY

[12:42] {magoo} DNDN 35:1 lol

[12:42] {magoo} 1 cent stop

[12:42] {nemo} DH

[12:43] {magoo} out .70

[12:45] {Threei}  I got tired of sitting... short CAT

[12:46] {Threei}  stop .81

[12:47] {dptl} in .72

[12:47] {nemo} in what?

[12:47] {Threei}  lol nemo

[12:47] {Threei}  lift your esy by two lines

[12:47] {Threei}  eyes

[12:48] {nemo} no dptl?

[12:48] {nemo} he went short cat there?

[12:48] {dptl} yes

[12:48] {nemo} o.k.

[12:49] {Threei}  ok CAT, how about you drop to 33 in one big swoop, and we make the day and go home?

[12:49] {jfjf64} lets go

[12:49] {magoo} INNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNn

[12:49] {dptl} that would be nice 

[12:49] {magoo} look out johnny...EYEEEEEEEEe

[12:49] {Threei}  dino... why do you keep coffee with cafeine in the office?

[12:50] {Threei}  with magoo around that's a big no no

[12:50] {nemo} it's not the coffee, Vad.  It's when Mags forgets to take his lithium

[12:52] {magoo} out GS loss dime

[12:52] {dptl} wfc .80 short?

[12:53] {Threei}  hard to tell...

[12:53] {Threei}  lost quite a bit already from the high

[12:54] {dino} sm pnra .95 l

[12:54] {magoo} out cat

[12:54] {magoo} loss 05

[12:55] {jfjf64} me too

[12:55] {jfjf64} loss06

[12:58] {Threei}  sigh

[12:58] {dptl} stopped

[12:59] {nemo} Some days you get the bear, some days the bear chews you limb from limb

[13:00] {Threei}  considering size of stops, rather toes than lims

[13:08] {chinggis} cake?

[13:08] {Threei}  no thanks

[13:09] {Threei}  ok... a bit too extended here

[13:09] {Threei}  oullback, maybe

[13:09] {Threei}  break - no

[13:09] {chinggis} ok ty

[13:13] {nemo} wfc vad

[13:16] {vinod} I see lots of smily face!!!!!!

[13:17] {nemo} where?

[13:17] {Threei}  where?

[13:17] {vinod} here?

[13:17] {Threei}  I hear a lot of snorring

[13:17] {nemo} damn wfc

[13:17] {pita} counting lost toes.....

[13:17] {vinod} just to make you guy laugh

[13:18] {nemo} don't quit your day job vinod

[13:18] {Threei}  all three of them?

[13:18] {Threei}  toes I mean

[13:18] {vinod} I can do limited here plus can't use software you guy using

[13:18] {nemo} what?

[13:19] {Threei}  what what?

[13:19] {nemo} oh, pita???

[13:19] {pita} yeahh

[13:19] {pita} three toed sloth I guess

[13:20] {Threei}  BAC

[13:20] {Threei}  REPORTEDLY SHAREHOLDERS ELECT ALL BOARD MEMBER CANDIDATES - UNCONFIRMED REPORT

[13:23] {Threei}  WHITE HOUSE ADVISOR VOLKER: NO MORE STIMULUS IS NEEDED, CURRENT CREDIT PROGRAMS FROM THE FED ARE RISKING ITS INDEPENDENCE

[13:23] {Threei}  - Does not believe any systemically important banks will fail

[13:23] {Threei}  wow

[13:24] {dino}  875.97

[13:24] {Threei}  that's as good excuse for the market to go up as any

[13:28] {jfjf64} ms

[13:28] {magoo} MS animal

[13:30] {vinod} now everyone on side line are going in?

[13:31] {Threei}  yes but we are approaching Fed time

[13:35] {pita} adios amigos

[13:35] {magoo} adios muchachos

[13:35] {Threei}  take care pita

[13:37] {dino} cya pita

[13:49] {vinod}  market is primed for a big move…up or down

[13:49] {magoo} UP

[13:50] {magoo} but decision day..UP..down..UP...DOWN ..finish up[

[13:50] {magoo} or down lol

[13:50] {vinod} why you wants short to be killed

[13:51] {vinod} they are half dead

[13:51] {dptl} have a good evening all

[13:51] {larisa} bye dp

06[13:52] * magoo slaps dptl around a bit with a large trout

[13:52] {Threei}  take care dp

[13:53] {vinod} money from helicopters coming

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

[13:56] {laserdave} somehow i new that was coming

[13:59] {magoo} huh?

06[13:59] * magoo slaps dino around a bit with a large trout

06[13:59] * magoo slaps Threei around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps nemo around a bit with a large trout

06[13:59] * magoo slaps patience around a bit with a large trout

06[13:59] * Raven slaps magoo around a bit with a large trout

[13:59] {Raven} clam down !

[13:59] {magoo} HEY..what  i do?

[13:59] {Threei}  dino... you hid his Prozac or what?

[14:07] {dino} he's a pain in the azz

[14:07] {ese} whoa that looks like a heck of beating larisa......

[14:07] {ese} hows everyone......got called away on some business

[14:07] {larisa} looks like I am his favorite :)

[14:08] {ese} i'll say

[14:08] {larisa} or finger got stuck

[14:08] {dino} light day for me lots of rinses

[14:08] {ese} ya...i only gave drys a try earlier dino

[14:08] {ese} basically got rinsed

[14:09] {Threei}  he just head a seizure larisa... :)

[14:09] {larisa} or that :)

[14:10] {Threei}  broken ankle + abundance of caffeine + hidden Prozac...

[14:10] {ese} s/p bouncing off support

[14:12] {magoo} plus booze

[14:13] {ese} in for a bit....gone for the day....catch you all tomorow

[14:13] {Threei}  2 min

[14:13] {magoo} okdow up 188 before fed

[14:13] {magoo} naz up 44

[14:14] {magoo} strtategy vad?

[14:15] {nemo} shhhhhhh....don't wake him up mags

[14:15] {Threei}  shrug

[14:16] {Threei}  FOMC LEAVES RATE UNCHANGED AT 0.25%;

[14:16] {magoo} unchanged

[14:16] {Threei}  as if anyone doubted that

[14:17] {Threei}  SEES GRADUAL RESUMPTION OF ECONOMIC GROWTH

[14:21] {nemo} TBT exploding

[14:22] {Threei}  SEEING SIGNS OF STABILIZATION IN SPENDING

[14:22] {Threei}  - Leaving GSE and Treasury purchases unchanged

[14:22] {Threei}  - Vote was 10-0

[14:22] {Threei}  - Sees some risk for inflation to be below desired levels

[14:22] {Threei}  - Will continue evaluation of timing and amounts of purchases of Treasuries and GSEs

[14:22] {Threei}  - Economic outlook likely to remain weak; outlook has improved slightly since March

[14:23] {nemo} TBT up 1.50 in 5 minutes

[14:23] {nemo} non DNDN...

[14:24] {dino} tbt not believing inflation risk low

[14:24] {nemo} me neither

[14:25] {nemo} although, why this fomc decision elicited that response is beyond me.  Then again, I don't understand women either

[14:26] {magoo} see my dn up dn up call true

[14:26] {Threei}  TBT probably reacted to this line

[14:26] {Threei}  [14:22] {Threei} - Leaving GSE and Treasury purchases unchanged

[14:27] {nemo} leaving the liquidity in the market

[14:27] {nemo} that really isn't in the market, it's just mouseclicks "supposedly" sitting in the banks

[14:27] {vinod} Federal Reserve Bank. is PRIVATELY-owned, mostly by the banks receiving the bailouts

[14:28] {Threei}  BAC

[14:28] {Threei}  TO REPORTEDLY RECOUNT SHAREHOLDER VOTE ON CEO LEWIS

[14:30] {nemo} that's a riot.  GLD craters

[14:31] {Threei}  goldbugs discuss new consipracy theories right about now?

[14:32] {nemo} well, 80-90% of all gold futures contract are through 3 banks I think

[14:33] {nemo} fas to new highs

[14:33] {nemo} 400 point day coming on the dow?

[14:34] {Threei}  lwet's see if we get pullback to try

[14:34] {Threei}  FAS around .30

[14:34] {Threei}  WFC .10

[14:36] {magoo} dndn crushed in this big up move

[14:37] {vinod} how good is volume?

[14:38] {nemo} lousy as of 20 minutes ago

[14:38] {nemo} 60% on DOW 92% on nas 65% on S&P

[14:39] {nemo} wfc

[14:39] {nemo} shit was sitting at .11

[14:40] {nemo} miners are up big

[14:41] {dino} pnra stop to .60

[14:42] {dino} to .69

[14:42] {dino} out +.74

[14:44] {nemo} dino....lucky again....:)

[14:46] {dino} y

[14:49] {Threei}  +400 day got canceled or what?

[14:49] {nemo} ask larisa

[14:49] {dino} cern

[14:50] {larisa} +200 is not good enough for you ? :)

[14:50] {Threei}  not if we haven't gotten a way to exploit it

[14:52] {larisa} if you want make market Goddess laugh, tell her about your plans 

[14:52] {nemo} cute...that's what we say in general

[14:53] {Threei}  PIMCO'S BILL GROSS: BELIEVES FED IS 'SAVING AMMUNITION'; IS DISAPPOINTED - TV INTERVIEW

[14:53] {Threei}  what did he want to hear?

[14:53] {nemo} that guy pisses me off

[14:55] {dino} talks his book

[14:55] {nemo} yes, I understand.  Too close to a politician for me

[14:55] {Threei}  in WFC .81

[14:55] {dino} 60 pt drop

[14:58] {Threei}  PIMCO'S EL-ERIAN: FED IS RISKING A JAPANESE SCENARIO, IN WHICH POLICY SUPPORT IS WITHDRAWN TOO EARLY

[14:59] {Threei}  out .87

[14:59] {jfjf64} out.85

[14:59] {Threei}  as dawg would say, chrissake trade

[14:59] {jfjf64} gm on vad

[15:00] {Threei}  this is frikin first win today for me, lol

[15:01] {magoo} u suk he he {as magoo runs for cover from impending fish fest}

[15:01] {jfjf64} only 3  pm

[15:01] {Threei}  no fish for you

[15:01] {nemo} try a sledge

[15:01] {Threei}  I have nercy on men with brken ankles and nop Prozac

[15:02] {nemo} Vad, always kick a man when he's down.  He might get up and start kicking you

[15:02] {Threei}  problem is, he enjoys it too much

[15:02] {magoo} man..what i gotta say to get slapped?

[15:03] {magoo} u suk iss BAD

[15:03] {Threei}  see?

[15:07] {dino} sm s tbt .20

[15:08] {Threei}  MGM HALTED

[15:08] {larisa} AMZN does not look happy

[15:09] {Threei}  LVS can be the way to play MGM news when it appears

[15:12] {Threei}  Fiat

[15:12] {Threei}  WILL BE SIGNING PARTNERSHIP AGREMENT WITH CHRYSLER TOMMOROW; BANKRUPTCY NOT RULED OUT - CNBC REPORT

[15:23] {larisa} very clean AMZN breakdown, made 15c :) rich now!

[15:23] {Threei}  WFC getting tempting again

[15:24] {dino} gj larisa

[15:24] {Threei}  wtg

[15:25] {larisa} lol

[15:25] {dino} pnra app. lod

[15:26] {Threei}  larisa... even +200 becomes [roblematic

[15:27] {dino} 100 pt drop

[15:27] {Threei}  is that how you deminstrate the power of market goddess?

[15:27] {Threei}  okay.... bounce time

[15:27] {larisa} +200 she will give us

[15:27] {Threei}  in WFC

[15:28] {Threei}  half out .52

[15:28] {Threei}  +.10

[15:28] {Threei}  wanted FAS too but that one got away

[15:31] {Threei}  second half didn't work

[15:32] {Threei}  REPORTEDLY US HOUSE PANEL HAS PASSED MORTGAGE FINANCE REFORM BILL

[15:32] {Threei}  {XLF}

[15:34] {jfjf64} ??

[15:35] {magoo} dndn

[15:39] {Threei}  that last WFC dive was wotrth holding eh

[15:39] {dino} tbt bstop to .01

[15:39] {nemo} 3rd eye a bit fogged

[15:43] {dino} cov tbt .90, +.30

[15:45] {Threei}  why did I wake up today?

[15:45] {nemo} duh?  It's more like why did you trade today...

[15:45] {dino} rimm, intc, txn not really participating

[15:46] {Threei}  3 stops, 2 wins which haven't covered stops, just made the end result so laughable, the opnly question I have is why didn't I just sleep in

[15:46] {dino} took me until afternoon vad

[15:46] {Threei}  and on top of that I have to siffer nemo's caustic remarks

[15:47] {Threei}  and magoo's stinkin' fish

[15:47] {nemo} That wasn't caustic

[15:47] {dino} least you don't have to look at him

[15:47] {Threei}  lol... you win dino

[15:48] {dino} blow off top?

[15:49] {Threei}  US SENATE FINANCE COMMITTEE TO REPORTEDLY PRODUCE LEGISLATION AIMED AT OFFSHORE TAX EVASION IN THE NEAR TERM

[15:54] {Threei}  okay guys

[15:55] {Threei}  waste of the day

[15:55] {Threei}  we will get them tomorrow

[15:55] {Threei}  unless they get us

[15:55] {Threei}  have a good evening, see you tomorrow

[15:55] {nemo} paranoid?

[15:55] {dino} pnra lod

[16:00] {vint} good evening all (have been in and out last couple of days..)

[16:01] {dino} take care all, tee time in 30

Not much excitement but fairly solid day. Short on CAT and a few longs on usual suspects plus BIIB made the day worth waking up for.

Session Time: Tue Apr 28 00:00:00 2009

[06:49] {nemo} anybody home

[06:58] {KSystems} boo

[07:34] {nemo} Gruess dich Herrn K

[07:55] {Threei}  04/28/09 00:01am

[07:55] {Threei}  [C] Citigroup Inc Federal regulators advise Citi and BoA to raise more capital based on early "stress test" results - WSJ

[07:55] {Threei}  - Citing people familiar with the situation.

[07:55] {Threei}  - The capital shortfall amounts to billions of dollars at Bank of America, people familiar with the bank said.

[07:55] {Threei}  - Executives at both banks are objecting to the preliminary findings, which emerged from the government's scrutiny of 19 large financial institutions. The two banks are planning to respond with detailed rebuttals, these people said, with Bank of America's appeal expected by today.

[07:56] {Threei}  - The findings suggest that gov't officials are using the stress tests to send a tough message to struggling banks. It is unlikely that these two are the only banks the Federal Reserve has determined might need more capital.

[07:56] {Threei}  - Gov't officials say their meetings about the stress tests with bank executives over the last few days conveyed preliminary results and that discussions were expected to continue this week about specific findings. They also say that banks directed to raise more capital shouldn't be viewed as insolvent.

[07:56] {Threei}  - Instead, the capital is intended to cushion the banks against potential future losses under dire economic conditions. Federal officials say they won''t allow any of the top 19 banks to fail.

[07:56] {Threei}  - While the Fed initially planned to release the results of the stress tests on May 4, the gov't says the results will be released sometime that week.

[07:56] {Threei}  - Banks that are deemed to need more capital will have six months to find it, either from private investors, other financial institutions or the U.S. gov't

[08:02] {Threei}  RMBS

[08:02] {Threei}  U.S. DISTRICT COURT ISSUES DECISION REGARDING SAMSUNG CONTRACT CLAIMS IN RAMBUS CASE

[08:20] {cosmo} DNDN not done...

[08:21] {vinod} good morning to all and be back at 10.00

[08:21] {Threei}  cosmo, vinod :)

[08:22] {cosmo} daily C&H btw

[08:22] {cosmo} breaking

[08:27] {pita} greetings all

[08:28] {nemo} gm :)

[08:28] {Threei}  pita, nemo :)

[08:31] {Threei}  BRCD EXTEND OEM RELATIONSHIP TO ENTERPRISE IP NETWORKING WITH IBM

[08:31] {pita} what'd I miss - BAC, WFC FAS all down today?

[08:31] {Threei}  [07:55] {Threei} [C] Citigroup Inc Federal regulators advise Citi and BoA to raise more capital based on early "stress test" results - WSJ

[08:32] {nemo} swine flu and stress test announcement

[08:32] {Threei}  and whole bunch of lines after that, all meaningless

[08:32] {pita} wow

[08:38] {fernp} Hello everybody

[08:39] {Threei}  fern :)

[08:42] {dptl} good morning all

[08:42] {Threei}  dp :)

[08:42] {larisa} morning :)

[08:43] {Threei}  larisa :)

[08:50] {Threei}  (US) SENATOR SHELBY: NOT AWARE OF ANY RESULTS FROM RECENT STRESS TESTS; BELIEVES MANY BANKS ARE INADEQUATELY CAPITALIZED

[08:51] {cosmo} they need treadmills

[08:51] {Threei}  who cares whart he believes?

[09:02] {Threei}  BCRX looks to be the strongest of swine flu plays

[09:06] {jfjf64} mornin

[09:06] {Threei}  jf :)

[09:08] {dino} gm all

[09:08] {Threei}  dino :)

[09:09] {nemo} any word from mags?

[09:09] {ese} morning

[09:09] {Threei}  ese :)

[09:09] {Threei}  C

[09:09] {Threei}  REPORTEDLY US REGULATORS ARE IN DISCUSSIONS WITH BANK REGARDING CAPITAL POSITION FOLLOWING STRESS TEST - UNCONFIRMED SOURCE

[09:10] {Threei}  PIMCO'S BILL GROSS: WE ARE NOT BUYING USTS AT THE MOMENT

[09:11] {Threei}  (whispering) see if they sell on that line, and buy all you can

[09:15] {Threei}  (US) CONGRESSMAN B FRANK (D): BANKS REPAYING TARP FUNDS TO BOOST PUBLIC CONFIDENCEE

[09:16] {dino} he should be in es

[09:16] {dino} nemo i mean

[09:17] {cosmo} prxl

[09:18] {dino} turnaround tueday?

[09:18] {dino} tuesday

[09:19] {nemo} tumble down tuesday?

[09:19] {Threei}  both, IMO

[09:19] {pita} which first?

[09:19] {Threei}  the sequence is a question

[09:19] {nemo} yeah...elevator down at first...come back...then eod?

[09:19] {Threei}  yes

[09:20] {nemo} faz looks like it's going to run a little

[09:21] {Threei}  does FAS look like dropping to you?

[09:21] {nemo} double top volume spike at 9:11, yes

[09:21] {nemo} wouldn't be the first time I'm wrong today though

[09:22] {Threei}  wow... day just started

[09:22] {Threei}  man of early achievements?:)

[09:22] {nemo} 41/2 hours old for me

[09:23] {nemo} A widely watched housing index shows home prices dropped in February, but for the first time in 16 months the decline was not a record.

[09:23] {nemo} The Standard & Poor's/Case-Shiller index of home prices in 20 major cities released Tuesday dropped by 18.6 percent from February 2008, slightly better than the 19 percent in January. The 10-city index slid 18.8 percent, compared to 19.4 percent the month before.

[09:23] {nemo} But the good news was mixed. All 20 cities in the report showed monthly and annual price declines, and half recorded annual records. Prices fell by more than 10 percent in 15 cities.

[09:23] {nemo} Prices in the 20-city index have plunged 30.7 percent from their peak in the summer of 2006, and the 10-city index has lost more than 31.6 percent.

[09:25] {Threei}  (US) REP FRANK (D): LEAKED STRESS TEST RESULTS ARE NOT HELPFUL FOR THE MARKET

[09:25] {Threei}  - Results of tests should be released in sync with defined remedies.

[09:25] {Threei}  - Reiterates that banks repaying TARP funds can only boost public confidence.

[09:25] {Threei}  - Hopes that all banks could be free of gov funds in one year time.

[09:25] {Threei}  - States that it is possible for up to 10% of overall TARP allowances to be paid back by end of 2009.

[09:26] {chinggis} gm

[09:26] {Threei}  chinggis :)

[09:28] {Threei}  DNDN presents data around 2 today

[09:30] {Threei}  watching BAC for fast selling under 8 to find long entrey

[09:30] {Threei}  8.10 break is possible for entry if holding 8, just more risky

[09:31] {Threei}  I would prefer selloff

[09:32] {nemo} in

[09:32] {dptl} in .10

[09:32] {ese} PRXL

[09:33] {Threei}  who went for break, 1:1 is here

[09:33] {nemo} out scalp

[09:33] {dptl} half out

[09:34] {Threei}  1:2 almost dp

[09:34] {Threei}  pigs get swine flu

[09:34] {nemo} hehehe...nice take

[09:34] {jfjf64} out .26   ty

[09:34] {Threei}  :)

[09:34] {magoo} ;ljdlsjd.jfjkdjfb

[09:34] {Threei}  oyklmsbskeouiy?

[09:35] {jfjf64} time to mk the  donuts    

[09:35] {magoo} jweoueej !!!

[09:35] {Threei}  :))

[09:36] {Threei}  let's try to catch FAS entry

[09:36] {dptl} ah..all out  so skalp after all ...ty

[09:36] {Threei}  pullback into .30-.35 zone

[09:36] {dptl} scalp

[09:36] {Threei}  stop under .25

[09:36] {magoo} which vad?no replay

[09:36] {Threei}  first strength from here

[09:37] {Threei}  .28 in

[09:37] {magoo} in 285

[09:37] {dptl} scrude up a bit .32

[09:37] {ese} drug companies 

[09:37] {Threei}  half out

[09:38] {dptl} out .40 ty

[09:38] {Threei}  CVM

[09:38] {Threei}  L.E.A.P.S. TECHNOLOGY SHOWS POTENTIAL TO TREAT SWINE INFLUENZA IN PRECLINICAL STUDIES

[09:38] {jfjf64} out  .37  ty

[09:38] {ese} bstop PRXL .06 

[09:40] {magoo} out .38 TY

[09:40] {nemo} ankle in a cast mags?

[09:40] {magoo} walking boot

[09:40] {Threei}  CVM trying

[09:40] {nemo} hairline?

[09:40] {magoo} ty for asking

[09:41] {dino} looks like vads' steel toed, spiked boot

[09:41] {magoo} oh no..dodged bullet, tib is completelely broke and apart

[09:41] {magoo} but it stayed close enough to avoid surgery

[09:41] {nemo} wow!!! lucky ain't the word for it

[09:41] {Threei}  no kidding

[09:41] {dino} cruise lines going green

[09:42] {Threei}  good to hear it's not the worst case scenario mags

[09:42] {nemo} uauau

[09:42] {nemo} uaua

[09:42] {magoo} especially because yours truly dumbass was walking on it for 7 days

[09:42] {magoo} could have displaced it

[09:42] {nemo} yeah, that could have really screwed things up

[09:42] {nemo} re-breaks are no fun

[09:44] {Threei}  BCRX

[09:44] {Threei}  STANDPOINT RESEARCH MAKING POSITIVE COMMENTS

[09:44] {dino} amed beats and drops

[09:44] {ese} prxl invalidated for me

[09:45] {magoo} was BIDU exciting after bell yesterday vad?

[09:45] {Threei}  no idea

[09:45] {nemo} beat earnings

[09:45] {nemo} and revenue

[09:45] {magoo} 20 points?

[09:45] {ese} missed vrtx.....had it on my screen,,,rats

[09:45] {Threei}  BAC

[09:45] {pita} pullback entry on banks, FAS?

[09:45] {Threei}  closer to 8.20 BAC

[09:46] {Threei}  watch for dive under .25 and buy first strength

[09:46] {jfjf64} stop

[09:46] {ese} am watching fas as well pita

[09:46] {Threei}  FMCN

[09:46] {pita} ty

[09:46] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[09:48] {Threei}  GOLDMAN SACHS INITIATES IPXL WITH NEUTRAL (TIMING UNCERTAIN)

[09:48] {magoo} l bac .26

[09:48] {dptl} inh .28

[09:49] {Threei}  US TREASURY HAS REPORTEDLY REACHED AN AGREEMNET WITH CREDITORS FOR CHRYSLER

[09:50] {dptl} stopped-.09

[09:50] {Threei}  why jump the gun...

[09:51] {nemo} youth and testosterone

[09:51] {Threei}  plan was to let it drop under .25

[09:51] {dptl} it did

[09:51] {Threei}  got .19 here

[09:51] {wulff} .23

[09:51] {Threei}  half out

[09:52] {Threei}  stop under .15... won't rail for now

[09:55] {Threei} Long Setup:  BIIB  ,80 break half lot

[09:56] {Threei}  stop under .60

[09:56] {dptl} in

[09:56] {nemo} in

[09:56] {Threei}  US CONGRESSMAN FRANK REPORTEDLY PLANS TO INTRODUCE REPEAL OF INTERNET GAMBLING LAW NEXT WEEK

[09:56] {magoo} ni

[09:56] {nemo} partial fill

[09:56] {Threei}  what was there

[09:56] {Threei}  CRYP I think

[09:56] {Threei}  something else

[09:57] {Threei}  this is in line with prior comments; Frank most recently said in March that he planned to introduce the legislation in an April timeframe{CRYP GIGM OPMR 888.UK PRTY.UK SBT.UK }

[09:57] {Threei}  GIGM

[09:59] {Threei}  BIIB 1:1

[09:59] {dptl} out some47

[10:00] {ese} l 

[10:00] {Threei}  *APR RICHMOND FED MANUFACTURING INDEX: -9 V -17E

[10:00] {magoo} out BIIB .11 TY vad

[10:00] {magoo} FL

[10:00] {magoo} he he

[10:00] {Threei}  APR CONSUMER CONFIDENCE: 39.2 V 29.7E

[10:00] {nemo} out ty

[10:00] {Threei}  welcome sir

[10:00] {Threei}  sirs

[10:00] {dptl} allout .15 ty

[10:00] {nemo} I looke over my shoulder, nobody there

[10:00] {ese} L FITB .58

[10:00] {Threei}  out BAC

[10:01] {nemo} Hey ese!

[10:01] {magoo} out BAC flat..my entry stunk

[10:02] {Threei}  argh

[10:03] {jfjf64} grrr

[10:03] {dptl} yeah...i scrude up with bac today a bit :)

[10:03] {Threei}  APR CONSUMER CONFIDENCE: 39.2 V 29.7E; HIGHEST READING SINCE NOV

[10:03] {Threei}  - Prior revised from 26.0 to 26.9

[10:03] {Threei}  - Confidence in tech annd consumer electronics sectors climbing "significantly"

[10:04] {ese} hey nemo!

[10:05] {Threei}  C

[10:05] {Threei}  CANNOT COMMENT ON STRESS TEST UNTIL RESULTS ARE ANNOUNCED

[10:05] {ese} out FITB .65 +.07

[10:05] {nemo} 20000 of the little buggers?

[10:05] {Threei}  rumor mill major till this stress bs is over

[10:05] {ese} you don't wanna know......it's a great day

[10:06] {ese} actually not quite.....15000

[10:06] {dino} wow!

[10:07] {nemo} slippin ese?

[10:07] {ese} be nice if you could do this all the time.....but alas poor eurick.....no

[10:08] {Threei}  GE

[10:08] {Threei}  UPDATE: PRICE TARGET RAISED TO $20 FROM $18 AT BOFA/MERRILL LYNCH, MAINTAINS NEUTRAL RATING

[10:08] {nemo} yeah, I didn't know him well

[10:08] {ese} me neither

[10:08] {nemo} why would I want to talk to a skull

[10:09] {Threei}  US REP FRANK(D): COMMITTEE WILL CONDUCT A HEARING ON AN OPTIONAL FEDERAL INSURANCE CHARTER

[10:09] {Threei}  {MET HIG PRU GNW }

[10:09] {ese} volume is slowing down on Fitb gents........not as easy to do what i was doing a few weeks back.......as vad says....watch out for the character of a stock

[10:09] {ese} this one is changing

[10:09] {nemo} short...

[10:09] {jfjf64} wfc    anythin  there bg guy

[10:10] {nemo} everything looks like it's pausing or topping right now

[10:10] {Threei}  WQFC formed C&H

[10:10] {Threei}  hate buying breaks on it

[10:10] {Threei}  but if market spikes... could be

[10:10] {ese} that 15k didn't get filled like it did before or sold like it did before.....sure sign something is changing

[10:11] {nemo} dribs and drabs?

[10:11] {dino} rcl to .55

[10:11] {jfjf64} k

[10:11] {ese} i guess so nemo.....

[10:11] {Threei}  RIMM

[10:11] {Threei}  this p;ullback looks buyable

[10:11] {Threei}  .55 long

[10:11] {Threei}  stop under .45

[10:12] {magoo} in

[10:12] {ese} good scalp for todqay though

[10:13] {Threei}  no go RIMM

[10:13] {magoo} yup\

[10:18] {wulff} where is that rising tide?

[10:18] {ese} L fitb .68

[10:18] {nemo} rip tide dude

[10:18] {wulff} optimist

[10:19] {nemo} who?

[10:19] {ese} out fitb .74

[10:19] {nemo} how many?

[10:19] {ese} +.06

[10:20] {ese} 5 lots

[10:20] {wulff} nads of steel

[10:20] {nemo} conservative...makes sense

[10:20] {ese} ya ...me thinks so

[10:21] {pita} wtg ese

[10:21] {dino} rcl to .65

[10:21] {ese} tks....bs luck on .74 though

[10:21] {ese} had the sell in early and it hit the high of that run

[10:22] {nemo} sometimes it's better to be lucky than good

[10:22] {magoo} every time

[10:22] {pita} high tick ...nice

[10:23] {dino} rcl to .80

[10:24] {dino} stopped out rcl .80, +.65

[10:26] {magoo} .

[10:26] {Threei}  anyone went for WFC break?

[10:27] {pita} nice dino

[10:27] {jfjf64} n

[10:27] {magoo} no

[10:28] {dino} ty pita

[10:28] {magoo} how'd BIDU do on report vad?

[10:28] {nemo} great mags

[10:28] {Threei}  didn't watch it

[10:28] {dino} watching txn, ssw, hsii, rcii

[10:28] {Threei}  let's see if we get nice pullback on WFC

[10:29] {pita} where you thinkin Vad?

[10:30] {Threei}  19.80 I would be very interested

[10:30] {Threei}  doesn't look likely

[10:30] {nemo} has a gap to close from yesterday, and I don't think their name has been leaked

[10:31] {magoo} DNDN vad

[10:31] {Threei}  shrug

[10:33] {ese} dino i almost went 1/2 lot at .20 rcii....at the botom there....didn't have the nerve

[10:33] {ese} are you in

[10:33] {Threei}  wtch FAS,

[10:33] {Threei}  buy WFC on FAS uptick

[10:34] {magoo} in .91

[10:34] {magoo} WFC

[10:36] {nemo} quote server Vad?

[10:36] {dino} not yet es

[10:36] {Threei}  11

[10:36] {Threei}  half out WFC

[10:36] {dino} feels like double bottom coming

[10:36] {Threei}  now need FAS new high for another WFC spike

[10:37] {ese} lokks like it.....question dino......if you had been onto rcii....would that bottom have been something you'd consider

[10:37] {dino} waiting at .00

[10:37] {Threei}  lol DNDN

[10:38] {ese} do ytou tend to to wait for .00 .50's etc on a tank like this

[10:39] {dino} yes

[10:39] {ese} gottcha

[10:40] {dino} they .25, .50.75.00 are like magnets imo

[10:40] {dino} ok giddy-up

[10:40] {ese} my prediction...if the qqqq's can get above 34.00...gonna be a big rally

[10:40] {Threei}  feel free to take WFC profit as you see fit

[10:41] {Threei}  I am out .08

[10:41] {dino} mr t's prediction...."pain"

[10:42] {ese} short squeeeeeeza

[10:43] {nemo} fitb ese

[10:43] {ese} yup lookin at it again

[10:44] {ese} don't know if i'm gonna have time to play it...tues and thurs i teach a class early

[10:44] {dino} 868-871 been big resistance s/p

[10:44] {ese} might not have time to monitor

[10:45] {ese} hmmm my chart is showing 875 resistance

[10:46] {pita} ?

[10:46] {ese} s/p pita

[10:46] {pita} ah ty

[10:47] {Threei}  mags?

[10:47] {ese} lots of stock bumping up against highs...waiting for indexes

[10:48] {dino} yes es, but 871 monthly high

[10:48] {ese} ahhhhh ok am looking at daily

[10:48] {dino} opps you're rtight 875 on 4/17

[10:49] {dino} good girl rcii

[10:50] {magoo} was waiting .23 vad

[10:50] {magoo} still in :(

[10:50] {Threei}  oversitting them... it's not a straight up day

[10:51] {magoo} yea..if mkt ever returns to powerup mode i gonna majke dough

[10:59] {Threei}  DNDN

[10:59] {Threei}  HEARING COWEN MAKING POSITIVE COMMENTS ON PROVENGE AHEAD OF DATA (TIMING UNCERTAIN)

[10:59] {Threei}  - Sees Data to show in excess of 4 months added survival.

[10:59] {Threei}  - note: earlier today CNBC guest David Miller commented that any data showing added survival of four or more months would be a "home run."{GSK}

[11:00] {dino} ssw double bottom?

[11:01] {dino} sm l .70

[11:01] {Threei}  can't tell really... I like them to be closer to each other

[11:01] {Threei}  but your entry is so close to support, why not

[11:03] {Threei}  CDC NOTES 64 CONFIRMED CASES OF SWINE FLU IN THE US

[11:03] {Threei}  - up from 40 at the last report

[11:03] {nemo} anybody die?

[11:04] {dino} es, you still in rcii?

[11:04] {Threei}  nobody in Mexico believes virus originated there

[11:05] {Threei}  they say American tourists breought it

[11:05] {Threei}  FBR CAPITAL MARKETS SPECULATING BAC WILL NEED CAPITAL UNDER THEIR OWN STRESS TESTS; REITERATES UNDERPERFORM RATING (TIMING UNCERTAIN)

[11:05] {dino} terrorists, started when yobama was there

[11:05] {dino} rcii ton .45

[11:05] {dino} to

[11:06] {dino} ssw stop is .48 

[11:06] {dino} amed, hmmmm

[11:06] {nemo} what size lot on rcii Dino?

[11:06] {dino} 400

[11:06] {dino} es is the big guy

[11:07] {dino} to .55

[11:08] {dino} mkt drop tighten to .59

[11:08] {dino} crazy thought amed has gap around 28.80

[11:09] {Threei}  .short cat .15

[11:09] {dino} to .75 rcii

[11:09] {Threei} Short Setup: CAT  .15

[11:09] {dptl} stop?

[11:10] {dino} to .85

[11:10] {nemo} .30?

[11:10] {Threei}  so far .25, but if sets up from here, could be even above .20

[11:10] {Threei}  a bit too tight probably

[11:10] {dino} out .95, +.95

[11:10] {dino} rcii

[11:10] {nemo} wtg dino

[11:11] {dino} ty, lucky one

[11:11] {nemo} what was your original stop?

[11:11] {dino} .32

[11:12] {dino} -.32=.68

[11:12] {nemo} Didn't you buy in @17.00

[11:12] {dino} most sm i go .32 on nemo

[11:12] {dino} 17 yes, - .32 = .68

[11:12] {nemo} got it DENSA

[11:13] {dino} on capits entries tough, .32=/- seems to work 65%+

[11:13] {dino} otherwise rinse city

[11:14] {dptl} in cat

[11:14] {dino} goal is 1:2, altho once over 1:1 tighten stop to 1:1

[11:14] {nemo} didn't get entry

[11:15] {jfjf64} in.15

[11:16] {nemo} wow, and I tried .14

[11:16] {dptl} .15

[11:18] {dino} ssw stopped -.22

[11:18] {Threei}  1:1 on CAT, noone covered?

[11:18] {fernp} missed entry

[11:19] {dptl} it was just couple trades at .05

[11:19] {dptl} i had bit for half still

[11:19] {dptl} .05

[11:20] {jfjf64} out .09  ty

[11:23] {dptl} ok half out now ty

[11:24] {Threei}  save and easy trade

[11:24] {Threei}  just as I like them

[11:24] {dptl} stop to .15

[11:25] {dino} ufcs

[11:26] {dino} thinny

[11:27] {nemo} dino, rcii turne into energizer bunny

[11:29] {dptl} above .10 now cat

[11:29] {dino} yeah, was too tight on it

[11:29] {Threei}  Prez on TV

[11:29] {dino} hsii thoughts 

[11:30] {Threei}  way too far from bottom...

[11:30] {Threei}  buying it here would practically be a breakout

[11:31] {Threei}  and breakouts are rarely working on these thinnies

[11:31] {nemo} I was going to say re short cat

[11:31] {dptl} more out .96 

[11:32] {dino} thinking 19 area

[11:32] {Threei}  DNDN

[11:32] {Threei}  PRECLINICAL DATA INDICATES TRPM8 AGONIST SHOWS ACTIVITY

[11:32] {Threei}  - Dendreon's orally bioavailable small molecule, which targets TRPM8 (a transmembrane cation channel protein), to treat benign prostatic hyperplasia (BPH). D-3263 demonstrated the ability to reduce BPH alone and in combination with finasteride, a current treatment for BPH.

[11:37] {Threei}  IVAN?

[11:37] {Threei}  what's with this dog with fleas

[11:38] {dino} onty

[11:39] {Threei}  yeah

[11:39] {Threei}  popped up on scanner

[11:39] {Threei}  no news that I see

[11:39] {nemo} .80 break on wfc?

[11:41] {Threei}  i doubt it

[11:41] {nemo} me too now

[11:44] {Threei}  WHO'S FUKUDA: ENTIRELY POSSIBLE THAT WORLD MAY SEE A "MILD PANDEMIC" FROM SWINE FLU

[11:44] {Threei}  what a meaningless statement

[11:44] {Threei}  and who's fukuda

[11:46] {Threei}  CAT baby

[11:46] {Threei}  out in full

[11:46] {Threei}  +.30

[11:47] {jfjf64} nice job     i got  out  too soon    what  chapter in  book  do i learn to stay  in  trade longer   lol

[11:48] {Threei}  it's a chapter Trading in the Coma

[11:48] {Threei}  subtitle: If you thought you had to be awake in order to trade - you were WRONG!

[11:48] {dino} think it's more of a song, "should i stay or should i go"

[11:49] {dino} whack-a-mole fslr

[11:50] {dino} cdc warns limit large gatherings

[11:50] {Threei}  good

[11:50] {Threei}  telling my wife and son to get out of the house

[11:53] {Threei}  wow, CAT had more in it

[11:56] {wulff} dead CAT bounce

[11:56] {wulff} ?

[11:56] {Threei}  another pullback and forming double bottom would be nice

[11:57] {Threei}  I doubt it will try to the low again

[11:57] {Threei}  so dive under .70, I would watch for first strength

[12:01] {Threei}  no chance for entry

[12:01] {Threei}  oh well

[12:03] {Threei}  US SENATOR ARLEN SPECTER REPORTEDLY TO SEEK REELECTION AS DEMOCRAT

[12:03] {Threei}  - Reelection could potentially bring seat # for Democrats to 60

[12:06] {dino} nothing like betraying his supporters

[12:07] {nemo} lust for power

[12:07] {dino} politics= poly=many, tics=bloodsucker

[12:08] {nemo} Niiiiiceeeee

[12:08] {nemo} of course, that's not nice to say about ticks

[12:08] {jfjf64} you hit it on the money  dino

[12:08] {dino} lol

[12:12] {wulff} thoughts on PM rally?

[12:14] {nemo} Precious Metals or afternoon canus lupus

[12:14] {nemo} canis?

[12:16] {Threei}  don't know... seems likely

[12:17] {wulff} So how is the weather up there?

[12:17] {Threei}  very nice

[12:17] {wulff} here too, deep south

[12:17] {nemo} where wolf?

[12:17] {nemo} there castle

[12:17] {wulff} ATL

[12:18] {nemo} used to live in SC

[12:18] {wulff} Lived there once

[12:18] {wulff} Beaufort

[12:19] {dino} nice

[12:20] {dino} not bad here either except for spector turning on us

[12:20] {nemo} Yep, had a friend in Beaufort...stopped sending checks...so he never calls

[12:20] {wulff} wasn't me

[12:23] {jfjf64} axp on another mission

[12:25] {Threei}  V too

[12:26] {Threei}  filibuster-proof majority for dems

[12:26] {Threei}  just what we need

[12:27] {nemo} Aye comrade...

[12:27] {dino} tax, spend, regulate

[12:31] {dino} txn l .25

[12:45] {ese} am back hows itgoin

[12:45] {dino} wmgi sm l .75

[12:48] {pita} later all

[12:49] {ese} se ya pita

[12:49] {Threei}  take care pita

[12:53] {dino} ssw lod

[12:55] {dino} lcav

[13:00] {dino} ssw sm l .15

[13:06] {ese} might not be today but that s/p is gonna break the 875 resistance

[13:09] {Threei}  feels like yes

[13:09] {Threei}  market sets up another trap for bears

[13:12] {ese} thas the feeling i''m getting too

[13:12] {nemo} look who's here

[13:12] {nemo} thought you had to teach?

[13:12] {ese} when it sells down it's not selling down hard

[13:13] {ese} yep am back.....band class 8:30 to 9:30 my time

[13:13] {ese} 11:30 to 12:30 market time

[13:14] {dino} gmcr

[13:22] {jfjf64} zzzzzzzz

[13:25] {jfjf64} any body there   

[13:25] {Threei}  DNDN sharp selling

[13:25] {jfjf64} k

[13:26] {Threei}  something leaks from presentation or what

[13:26] {dino} dndn

[13:26] {Threei}  wow!

[13:26] {ese} outta here see ya tomorrow

[13:26] {nemo} omg

[13:26] {larisa} wow

[13:26] {magoo} WOW

[13:26] {dino} -10

[13:26] {nemo} couln't short it anyway

[13:26] {jfjf64} sharp sharp

[13:26] {Threei}  why?

[13:26] {nemo} -14

[13:26] {Threei}  shortable

[13:26] {Threei}  mama

[13:26] {nemo} oh, last week you tried

[13:26] {nemo} mia

[13:27] {Threei}  SHARES FALL SHARPLY LOWER AHEAD OF DATA

[13:27] {Threei}  halt

[13:27] {dino} halt

[13:27] {Threei}  remember how I called DNDN?

[13:28] {nemo} refresh please

[13:28] {Threei}  widowmaker

[13:30] {Threei}  - Provenge data expected to be released from embargo at 2pmET

[13:30] {magoo} can u imagine if long 1k at 24?

[13:30] {Threei}  no

[13:30] {Threei}  I have vivid imagination

[13:30] {Threei}  but that's beyond my capabilities

[13:31] {Threei}  from 24 something to 8 within one minute... how about that

[13:31] {larisa} can i imagine i am short at 25 ? :) please!

[13:31] {Threei}  that would be nice

[13:32] {Threei}  I contemplated short dow to 22

[13:32] {Threei}  than just took my hand off the mouse, to be safe

[13:32] {larisa} lol

[13:32] {nemo} wfc showing a little life

[13:36] {magoo} go over to yhoo board and people are talking they are DEAD

[13:36] {vinod} DNDN buy at 3 and sell around 20 every 4 month

[13:37] {dino} lol

[13:37] {Threei}  I have no doubt mags... always same story

[13:38] {vinod} sorry i look at wrong chart?

[13:47] {dino} wmgi to .99

[13:50] {larisa} 4 mil shares dumped in 2 min. must be ese :)

[13:50] {nemo} too funny

[13:51] {Threei}  STEVE WYNN: INTERESTED IN MGM'S BELLAGIO AND OTHER CASINOS IN LAS VEGAS

[13:51] {Threei}  {WYNN LVS}

[13:51] {dino} out wngi .01, +.26

[13:52] {Threei}  US CALIFORNIA GOV DECLARES STATE OF EMERGENCY OVER SWINE FLU

[13:52] {nemo} frickin' girlie man

[13:52] {Threei}  lol

[13:54] {dino} what will this mean to ccl, rcl

[13:56] {Threei}  they don't react

[13:56] {dino} strange

[13:57] {Threei}  you'd think it's devastating turn of events

[14:00] {Threei}  dndn

[14:00] {Threei}  RELEASES DATA ON PROVENGE: SURUVIAOL 4.1 MONTHS

[14:00] {Threei}  REDUCES RISKS OF DEATH VS PLACEBO

[14:01] {Threei}  hmmm

[14:01] {Threei}  now it will open at 35?

[14:01] {Threei}  that would be ultimate killer

[14:01] {larisa} then i do not want to be short at 25 :)

[14:01] {nemo} Don't think so.  I read yesterday where 4 months had been reported

[14:02] {Threei}  kill those who were long when they panicked

[14:02] {dino} in 4 months

[14:02] {Threei}  then those who shorted and didn't cover before halt

[14:02] {Threei}  longs that bailed are crying

[14:02] {Threei}  shorts are crying

[14:03] {Threei}  only those longs who slept through whole thing are happy

[14:03] {Threei}  see... told you, trading must be done in yor sleep

[14:03] {dptl} lol

[14:03] {nemo} what was that about sitting on your hands and doing nothing?

[14:04] {Threei}  - Extends 3 year survival 38% vs placebo

[14:04] {Threei}  - PROVENGE extended median survival by 4.1 months compared to placebo (25.8 months versus 21.7 months);

[14:04] {Threei}  - PROVENGE improved 3-year survival by 38% compared to placebo (31.7% versus 23.0%);

[14:04] {Threei}  - The IMPACT study achieved a p-value of 0.032, successfully exceeding the pre-specified level of statistical significance defined by the study''s design (p-value less than 0.043), and PROVENGE reduced the risk of death by 22.5% compared to placebo (HR=0.775);

[14:05] {Threei}  - PROVENGE exhibited a favorable safety profile consistent with prior trials.

[14:05] {Threei}  - CNBC notes an official mentioned that shares likely to be halted until end of conference call which starts at 5:30pmET

[14:05] {Threei}  no opening today then

[14:05] {Threei}  too bad

[14:05] {Threei}  I wanted show to go on

[14:10] {larisa} typed another stock into DNDN L2 and forgot i did, see it blinking at 101. Heart skipped a bit for a sec :)

[14:10] {Threei}  lol

[14:11] {Threei}  oh btw

[14:12] {Threei}  DNDN has more ways to kill traders

[14:12] {Threei}  imagine someone shorting 24

[14:12] {Threei}  happily covering 10

[14:12] {Threei}  going out to buy nice signle malt

[14:13] {Threei}  returning to see that cover is broken by NASDAQ, while short stands,

[14:13] {Threei}  and stock opening after halt at 35 :)

[14:14] {larisa} can we all get along ? dis is sad 

[14:14] {Threei}  not really

[14:14] {Threei}  nature is unkind

[14:14] {nemo} utopians

[14:16] {Threei}  so... DNDN has a lot of ways to make a lot of people unhappy

[14:17] {Threei}  that;'s why I am staying away from these superhot things on a day of coming news

[14:17] {Threei}  This planet has a problem, which was this: most of the people on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movements of small green pieces of paper, which is odd because on the whole it wasn't the small green pieces of paper that were unhappy.

[14:17] {Threei}  And so the problem remained; lots of the people were mean, and most of them were miserable

[14:18] {Threei}  Many were increasingly of the opinion that they'd all made a big mistake in coming down from the trees in the first place. And some said that even the trees had been a bad move, and that no one should ever have left the oceans.

[14:18] {vinod} no guts no glory

[14:18] {nemo} Oh yeah, like that's a haven of peace and tranquility

[14:21] {nemo} rimm creeping...too late

[14:22] {Threei}  larisa, next setence is a stern warning for you:

[14:22] {Threei}  And then...one man had been nailed to a tree for saying how great it would be to be nice to people for a change

[14:24] {larisa} lol

[14:28] {Threei}  WHITE HOUSE: TOO EARLY TO JUDGE WHETHER BANKRUPTCY IS APPROPRIATE FOR CHRYSLER

[14:28] {Threei}  {GM F F.IT}

[14:29] {dino} i know lets give them another 5 billion

[14:35] {Threei}  there you go

[14:35] {Threei}  DNDN

[14:35] {Threei}  NASDAQ NOTES IT WILL INVESTIGATE TRADES BETWEEN 1.25-1.37PMET TODAY AS THERE MAY BE AN 'ERROR'

[14:35] {Threei}  told ya

[14:35] {jfjf64} hmm

[14:36] {fernp} that scares

[14:39] {nemo} frickin' stealth rally

[14:42] {magoo} worste type nemisis

[14:43] {nemo} saw RIMM just as it popped, didn't think it would go that far

[14:43] {Threei}  64 cases in USA

[14:44] {nemo} so 64 out of 300 million...we're porked

[14:44] {Threei}  (CH) CHINESE COMMERCE MIN: USD WILL REMAIN THE MAIN CURRENCY OF WORLD TRADE, DESPITE ITS "DEFICIENCIES"

[14:44] {Threei}  heh

[14:44] {nemo} somebody else said that recently

[14:45] {jfjf64} wfc   pullback??

[14:45] {nemo} I was just going to say, Cat looked shortable

[14:46] {Threei}  seems a few more ticks down before it bottoms out

[14:46] {nemo} wfc or cat

[14:46] {Threei}  WFC

[14:46] {magoo} make the call boss

[14:48] {Threei}  finger on a trigger

[14:48] {Threei}  in

[14:48] {Threei}  .77

[14:48] {dptl} stop?.75?

[14:49] {Threei}  if going for pure quick scalp, yes

[14:49] {nemo} dam missed

[14:49] {dptl} not in yet

[14:50] {magoo} yea..i missed and truly we had all day

[14:50] {magoo} nice call vad

[14:55] {nemo} no volume today

[14:55] {Threei}  no

[14:56] {Threei}  sold at .87 btw

[14:56] {nemo} the sith strike again

06[14:56] * magoo slaps Threei around a bit with a large trout

[14:56] {jfjf64} .84  ty

06[14:56] * nemo slaps Threei around a bit with a large /moderate roll of cash

[14:57] {Threei}  why do you slap me? slap jf

[14:57] {nemo} oh yeah

[14:57] {jfjf64} lol

[14:57] {nemo} no..you got out @.87

06[14:57] * nemo slaps Threei around a bit with a large roll of cash

[14:57] {Threei}  what is it, pick on Threei day?

[14:58] {magoo} bulls coming last hour vad??

[14:58] {nemo} Yeah, it's Tuesday...ends in y

[14:58] {Threei}  either that or swines, mags

[14:58] {jfjf64} gm on

[14:58] {nemo} good one

[14:58] {Threei}  WSJ: REORGANIZATION OF CHRYSLER MAY INVOLVE MOVING CHRYSLER FINANCIAL TO GMAC

[14:59] {nemo} inverted C&H on FAS?

[15:04] {dptl} cat ? .15 short?

[15:05] {Threei}  nah

[15:07] {nemo} laserdave is here and Mags hasn't smacked him...

06[15:07] * magoo slaps larisa around a bit with a large trout

[15:07] {larisa} you have 1 sec to take it back

[15:07] {magoo} oops..missed

[15:07] {dptl} heh...Magoo missed :)

[15:08] {nemo} let's see if the lioness bares her fangs

[15:08] {Threei}  DNDN

[15:08] {Threei}  LAZARD MAKING POSITIVE COMMENTS; MAINTAINS BUY RATING, PRICE TARGET $25 (TIMING UNCERTAIN)

[15:08] {Threei}  - Firm discloses: We believe that DNDN's Provenge will achieve regulatory & commercial success. We think Provenge can achieve }$2B in peak sales now that the survival delta is 4+ months (ie similar to previous trials). With two survival studies, solid safety, a (+) FDA panel, & a SPA, we would look to buy DNDN.

[15:09] {Threei}  NASDAQ NOTES THE TRADES FROM 1.25-1.37PMET WILL BE ALLOWED TO STAND

[15:09] {dino} ccl sm s .90

[15:09] {nemo} somebody just went drinking...others...jumped

[15:11] {dino} yeah, magoo is on the ledge

[15:11] {nemo} well, as long as he lands on his head the only thing damaged will be the street

[15:13] {Threei}  he better - his ankle won't handle another shock

[15:13] {magoo} good bye cruel trading room

[15:13] {larisa} lol

[15:13] {Threei}  rofl

[15:13] {dptl} lol

[15:14] {Threei}  as if you'd survive in any other

[15:14] {jfjf64} wfc ???

[15:15] {Threei}  gosh... dropped whole 8 cents, why scream

[15:15] {Threei}  you scared me... I need an hour of sleep now

[15:15] {Threei}  to deal with PTSD

[15:16] {jfjf64} ptsd

[15:17] {larisa} jf thinks it is a stock :)

[15:18] {dptl} lol me too...

[15:18] {Threei}  sigh

[15:18] {larisa} lol

[15:18] {dptl} what is it?

[15:18] {larisa} Posttraumatic Stress Disorder 

[15:18] {dptl} roflol

[15:19] {nemo} oh, and I was thinking it was an std

[15:19] {dptl} you got me there..lol

[15:19] {magoo} prostrate distress disorder??

[15:19] {nemo} just wear your Depends Mags...no worries

[15:19] {dino} nasty

[15:20] {nemo} what, the ccl short?

[15:20] {Threei}  FAS

[15:20] {dino} ssw stopped -.21

[15:21] {Threei}  too fast... couldn't type in time

[15:21] {Threei}  .60 is solid support, see if it goes closer to it again

[15:24] {Threei}  Prez on TV

[15:24] {Threei}  missed him?

[15:24] {nemo} now

[15:25] {Threei}  watching FAS

[15:25] {Threei}  argh

[15:25] {Threei}  missed

[15:25] {nemo} market dropping

[15:25] {Threei}  wanted .61 for a quick pop

[15:25] {Threei}  wasn't willing to chase even 1 cent

[15:26] {dptl} oh got .63

[15:26] {dptl} .59 stop

[15:28] {Threei}  works... I just was way too anal-retentive

[15:28] {Threei}  happens to me when the day is generally narrow and I want to preserve every bit of profit

[15:29] {dptl} still in

[15:29] {Threei}  why?

[15:30] {Threei}  end of day selling is just for quick scalps

[15:30] {dptl} ah stopped ...offerd ..68 didn;t get it then .67 didn' get it either

[15:32] {dptl} -.05

[15:37] {jfjf64} me again   wfc?

[15:37] {Threei}  I'd like it to retest .50

[15:38] {jfjf64} me too lol

[15:40] {dino} hate to say it but.....dieeeeeeeeeeeeeeeee ccl

[15:40] {Threei}  got it jf?

[15:41] {jfjf64} y

[15:41] {jfjf64} \.49

[15:41] {Threei}  stop .44

[15:41] {Threei}  and if moves, don't oversit it

[15:41] {Threei}  the closer to eod the more nerves

[15:42] {jfjf64} bounce

[15:43] {Threei}  nice jump for you

[15:43] {Threei}  exited?

[15:43] {jfjf64} 0ut.53

[15:43] {jfjf64} ty

[15:44] {Threei}  a bit too stingy... but hey

[15:44] {Threei}  profit is profit

[15:44] {Threei}  .56 was obtainable

[15:44] {nemo} twice is twice

[15:44] {Threei}  FAS...

[15:44] {Threei}  to go one lst time or let it live

[15:44] {Threei}  lol

[15:45] {Threei}  while I was thinking, fingers did it

[15:45] {Threei}  .42 - .46, 2K

[15:45] {Threei}  got partial

[15:45] {Threei}  barely managed to cancel the rest, not to get filled on the way back

[15:45] {nemo} partial on the sell too? :)

[15:45] {Threei}  no, sell in full

[15:49] {Threei}  hectic

[15:50] {Threei}  people are buying NVAX and BCRX for gap

[15:50] {Threei}  assuming that swine flu news bombradment will continue overnight

[15:51] {dptl} have a good evening all

[15:52] {fernp} good evening dp

[15:52] {jfjf64} enjoy

[15:52] {Threei}  take care dp

[15:54] {dino} ccl bstop to .60

[15:54] {dino} stopped/covered +.30

[15:54] {nemo} dino had a good day

[15:55] {dino} lucky 

[15:55] {nemo} you're lucky quite often

[15:56] {dino} hmmmm

[15:56] {nemo} "lucky"

[15:56] {fernp} See u tomorrow. good evening

[15:56] {dino} cya fernp

[15:56] {Threei}  thank you all

[15:56] {Threei}  not very exciting but solid day

[15:56] {larisa} later :)

[15:57] {Threei}  have a good evening, see you tomorrow

[15:57] {nemo} gnite

[15:57] {jfjf64} good day ty

[15:58] {dino} take care all

[15:58] {Threei}  NVAX finishes at high

[15:59] {Threei}  CCL

[15:59] {Threei}  UPDATE: CANCELS THREE STOPS AT MEXICAN PORTS DUE TO SWINE FLU OUTBREAK

[15:59] {Threei}  - the affected ships will remain at sea instead of making port{USD/MXN}