Friday, April 9, 2010

Apr 09 2010

Early profits on WFC and PALM made a day as we got locked in narrow range once again. Market finally hit 11K on the end of day drive so we had our fun countdown, party hats on etc.

Session Time: Fri Apr 09 00:00:00 2010

[08:37] {Threei} TIVO Strength in shares attributed to earlier Citi note downgrading SATS to sell rating and maintaing Buy rating on DISH (17.34, 0.00, 0.00%) (related DISH SATS )
[08:37] {fernp} Good morning everybody
[08:37] {Threei} fern :)
[08:38] {Threei} 7:16:20 AM
[08:38] {Threei} Palm, Inc Follow up: Shares trading higher in premarket on renewed takeover speculation; HTC refuses to comment on market speculation regarding acquisition of firm
[08:38] {Threei} *note: HTC has been speculated in the Tawainese press as interested in name to expand its existing operating system and application store with Palm's existing smartphone technology
[08:39] {Threei} 7:12:00 AM
[08:39] {Threei} Palm, Inc CEO: Group has hit a speed bump, company still holds tremendous assets; defies logic to say that company has no value - Fortune Magazine (dated April 8)
[08:39] {Threei} - States that firm has good products that are still in the early stages of sales development
[08:46] {Threei} SCLN BWS Financial Inc. Raised SCLN to Buy from Hold
[08:51] {magoo} morn
[08:51] {Threei} magoo :)
[08:51] {fernp} gm mags
[08:51] {Threei} look PALM mags, and news on it
[08:51] {Threei} could be a player today
[08:52] {magoo} yea
[08:52] {magoo} u like any premkt setup,its pulling bk?
[08:52] {Threei} anything under 5, I'd buy on first sign of bottoming,
[08:53] {Threei} its yesterday's high is 4.83,
[08:53] {magoo} ah
[08:53] {Threei} I think if it gets anywhere close to it, it will be snatched by momentum players
[08:53] {Threei} if it doesn't go under 5, plan B:
[08:54] {Threei} buy consolidation/breakout but half of what you want to play,
[08:54] {Threei} and be ready to add second half if it reverses and drops again
[08:54] {Threei} very rare method for me
[08:54] {Threei} let's call it pre-planned and controlled averaging down
[08:54] {Les} PALM floating in a gap. if it can close it under 5 - cool.
[08:55] {Les} good morning
[08:55] {RonS} gm all. funny Costanza review at: www.the
[08:55] {Threei} les, ron :)
[08:56] {magoo} ABK vad, look
[08:56] {magoo} a double
[08:57] {RonS} ...interesting to me that Cara is talking about the yuan story picking up steam, but not seeing it anywhere else...
[08:57] {Threei} it reported yesterday magoo
[08:59] {Threei} Ron, that blog must have read our trading logs
[08:59] {Threei} we joked about Costanza trading for years
[08:59] {Threei} 5:27:10 PM
[08:59] {Threei} Ambac Financial Group, Inc Reports Q4 $1.93 (includes $472M tax benefit) v -$8.14 y/y, R$567M v -$202M y/y
[08:59] {Threei} - Q4 Net change in fair value of credit derivatives $133M v loss $594M y/y (driven primarily by price improvement in certain reference obligations, partially offset by a narrowing of Ambacs short-term credit spreads
[08:59] {strider} A
[08:59] {strider} MLN
[08:59] {strider} AMLN
[09:00] {Threei} AMLN FDA in January saw a 'false sense of security' on usage of Byetta drug; could be possible cancer risks
[09:00] {Threei} - further comments from Novo Nordisk approval of Victoza
[09:00] {Threei} although to be fair, analogy lies on the surface.. :)
[09:01] {Threei} any trader watching that episode would have picxked up on the recemblance immediately
[09:05] {dptl} good morning
[09:05] {Threei} dp :)
[09:07] {gen} gm all
[09:07] {Threei} gen :)
[09:07] {gen} :)
[09:07] {dino} gm all
[09:07] {gen} :)
[09:08] {Threei} dino :)
[09:08] {dino} q? what am i missing, casy cash bid 36/sh, trading up 6.80 to 38.40
[09:08] {dino} atls, amln
[09:09] {Threei} one of market mysteries dino
[09:09] {Threei} we don't know and we are not supposed to ask
[09:09] {dino} worth a sm short imo
[09:12] {RonS}
[09:14] {dino} see it, thx
[09:14] {dino} watch chk off it
[09:15] {RonS} abk, 54 mil sh short, 19% of float
[09:18] {ese} good morning
[09:18] {gen} :)
[09:20] {lasertrev} morning
[09:21] {Les} vad, you willing to buy PALM pre-market under 5?
[09:21] {shorty} Good morning
[09:21] {gen} :)
[09:21] {Threei} ese, trev, shorty :)
[09:22] {Threei} doesn't look like it goes there, les
[09:22] {Les} morning. trev, had same problem as you yesterday. got locked out of server
[09:22] {Les} but if a big selloff happens prior to open, ok to buy premarket?
[09:24] {strider} morning all.
[09:25] {Threei} strider :)
[09:25] {Threei} that's what I would do
[09:25] {Threei} (RU) Russian Central Bank Dep Chair Melikyan: Several Russian banks may face capital problems
[09:25] {Threei} ***Reminder: On Dec 17 Russian Central Bank Deputy Chairman Melikyan: Sees significantly more financial sector bankruptcies in 2010
[09:32] {nemo} did the market open?
[09:33] {Threei} huh?
[09:33] {Threei} it usually does
[09:33] {nemo} so ea
[09:33] {nemo} so dead
[09:33] {shorty} Just getting a cup of coffee.
[09:34] {strider} PALM Palm added to Least Preferred at UBS :theflyonthewa
[09:34] {strider} it's still preferred....but less so.
[09:34] {Threei} WFC, watching for long entry on pullback
[09:35] {Threei} under .50, preferrably closer to .40
[09:35] {magoo} PMI back vad
[09:36] {Threei} PMI, let it pull back to .25 at least
[09:38] {magoo} palm under, but ubs cautious comments
[09:38] {Threei} let's just get the valid setup
[09:39] {magoo} where?
[09:39] {Threei} WFC won't pull back
[09:39] {magoo} xmas tree RIMM
[09:41] {dino} frx sm l .98
[09:41] {Les} big bid palm .05
[09:42] {strider} DRYS takeover chatter
[09:43] {magoo} musa ipo to open in a few
[09:44] {fernp} WFC Vad?
[09:44] {magoo} fcx dump vad
[09:44] {Threei} .40 - .45 for WFC now
[09:45] {Threei} DRYS Hearing firm may have hired an adviser to pursue strategic alternatives including possible sale (6.49, +0.20, 3.18%)
[09:47] {Threei} .35 - .40
[09:47] {Threei} etc, usual routine
[09:50] {Threei} Long Setup: PALM 5 break if stays above 4.95
[09:50] {dino} casy lower hi lower low in making
[09:54] {Threei} EUR/USD Hearing continued speculation that EUR moving higher on talk of EU aid deal for Greece being hammered out
[09:55] {Threei} WFC 1:1
[09:55] {dino} cml l .50, stop lod
[09:56] {Threei} ABK... 1.20 break, maybe
[09:56] {Threei} tough one
[09:56] {strider} WFC?
[09:56] {strider} late
[09:56] {Threei} DRYS interesting
[09:56] {Threei} ??
[09:57] {Threei} WFC was .40 break entry
[09:57] {strider} break of .45
[09:57] {Les} l MGM .42 stop lod
[09:57] {Threei} strider...
[09:57] {strider} yes
[09:57] {Threei} [09:44] {Threei} .40 - .45 for WFC now
[09:57] {Threei} [09:47] {Threei} .35 - .40
[09:57] {Threei} [09:47] {Threei} etc, usual routine
[09:57] {strider} I didn't take either.
[09:57] {fernp} PALM still valid, no vad?
[09:57] {Threei} yes
[09:58] {strider} Just saw a setup at .45
[09:58] {strider} sorry.
[09:58] {Threei} AONE Hearing takeover chatter circulating (14.00, +0.39, 2.87%)
[09:58] {Threei} 1:2 WFC, out
[09:58] {Threei} come on guys, pay attention...
[09:58] {Les} out wfc ty
[09:58] {Threei} this is standard routine of pullback bottom hunting
[09:58] {shorty} out too Threei
[09:58] {magoo} in palm
[09:59] {Les} me 2
[09:59] {shorty} 5.02 PALM for me
[09:59] {magoo} .99
[10:00] {Threei} US) FEB WHOLESALE INVENTORIES: 0.6% V 0.4%E
[10:00] {Threei} dino
[10:00] {Threei} CASY
[10:00] {Threei} Casey"s General Stores Inc Board rejects offer at $36/shr; claims undervalues company
[10:00] {Threei} - The Board unanimously determined that the proposal is not in the best interests of the corporation and informed Couche-Tard on March 29, 2010 that it had rejected the proposal
[10:01] {magoo} there u go
[10:01] {magoo} futes rockin
[10:02] {nemo} 11k party hats
[10:02] {Threei} PALM over 1:1
[10:02] {jfjf64} go palmmmmmmmmmmmm
[10:02] {magoo} out .07..big shares
[10:02] {magoo} ty bossasaurasrex
[10:02] {dino} cagc l .40
[10:03] {dino} cml rinsed
[10:03] {Threei} welcome humanoid... we dinos are only happy to help the next generation
[10:03] {shorty} out PALM too.
[10:03] {shorty} magoo, what do you mean big shares? You had big shares?
[10:04] {ese} L erts sm .32
[10:04] {Threei} may you avoid our fate... although it seems you are destined, by your own hand. At least we were hit by asteroid while you construct your own demise through complicated financial machinations
[10:04] {Threei} shorty... scalp type I is what he means
[10:05] {Threei} huge shares, relatively small move
[10:05] {ese} not normally my style but stop is in ......"WHAT THE HELL!!!!!"
[10:05] {jfjf64} cvx
[10:05] {Threei} temporas are fugit or what... I play PALM ese's style, ese plays ERTS my style...
[10:07] {ese} LOL
[10:08] {ese} my mistake though....i should have been in palm
[10:09] {magoo} what vad said shorty
[10:09] {Les} stopped mgm
[10:09] {shorty} lol...thanks magoo.
[10:09] {magoo} kiss magoo??
[10:09] {Threei} no thanks
[10:10] {Threei} but we are flattered
[10:10] {magoo} whats sad is even my wife would say no thanks after 16 yrs
[10:10] {shorty} "we" Threei, no community spirit here.
[10:10] {shorty} magoo, same boat.
[10:11] {Threei} can you feel how room deteriorates when girls are on vacation?
[10:11] {shorty} lol
[10:11] {magoo} lol
[10:11] {Les} DCTH 10 break?
[10:11] {magoo} and to be a part of it he he
[10:11] {Threei} patience is travelling in China, larisa left for Vegas, Ilana is on sabbatical... oy vey
[10:11] {dino} esi 110
[10:11] {Threei} vasilisa is my only hope
[10:11] {shorty} She is mute though Threei
[10:12] {Threei} les, probably, if market resumes
[10:12] {Threei} but stock is thin
[10:12] {Threei} be very careful, small lot
[10:12] {dino} esi sm l .01
[10:13] {Threei} shorty,,, ukrainian girls are silent for only so long... if they decide to give you piece of their mind, god help you
[10:13] {shorty} lol
[10:14] {shorty} My wife must be Ukrainian
[10:14] {dino} lol
[10:14] {Threei} on a big scale... aren't we all
[10:14] {fernp} .
[10:15] {shorty} Something like that or related to Gangus Khon
[10:16] {fernp} NVDA any read, Vad?
[10:17] {Threei} no fern, sorry
[10:17] {Threei} (GR) Greek 10-year CDS falls bellow 400bps level (related SOVRX BUNDS )
[10:17] {shorty} was that a d/b on LVS?
[10:17] {dino} cml hl l .50 last try
[10:18] {Threei} as a setup for our entry shorty? yes
[10:18] {Threei} classic iteration
[10:18] {shorty} Stating to see a little more.
[10:18] {Threei} first bottom outside BBs, second inside
[10:18] {Threei} stall, break of resistance
[10:18] {Threei} cleam reliable setup with tightly controlled risk
[10:19] {Threei} shorty, you have no idea what you are going to see in 6 months
[10:19] {Threei} ask Les
[10:19] {shorty} lol
[10:19] {Threei} today's Les and Les just 3 months ago are two completely different people
[10:19] {shorty} Good or bad?
[10:20] {Threei} well... I'll leave it to his wife to decide
[10:20] {Les} yeh my mrs reported me to the police the other day. looking for someone else apparently
[10:20] {Threei} see?
[10:20] {shorty} He is still here, so maybe a good thing?
[10:20] {Les} not trading money shorty, I'm a paper trader until i get some bad habits under control
[10:20] {RonS} 3i, just witnessed one of your L2 feints. CAGR had 15k bid at 23.19 while trading 23.21-.25. Stock popped to 23.38. Shares sold and bid vanished. Proof in concept. CAGR is true pulp fiction
[10:21] {shorty} How long have you been trading on paper Les?
[10:21] {RonS} cagr=cagc
[10:22] {Les} since I acknowledged last year that losing my account is not acceptable. joined vad in nov.
[10:22] {Les} bgp
[10:23] {shorty} I am not doing great, but I have an amount of money that I set to use to learn.
[10:23] {Threei} cool to see these things real time eh Ron?
[10:24] {RonS} ya, been a time when I was the sucker on that setup...
[10:24] {dino} cagc, indeed, pulp, but not fiction, costanza pulp
[10:25] {dino} .41 goes it goes to .80
[10:28] {Threei} now you know how it's done, can utilze it
[10:28] {dino} ghost ask .55
[10:28] {Threei} whoa, what happened
[10:28] {magoo} futes dumping
[10:28] {Threei} oooh
[10:28] {Threei} *GR) FITCH CUTS TO BBB-
[10:28] {Threei} crap
[10:29] {magoo} on volume
[10:29] {Threei} they couldn't wait for market to go over 11K?
[10:29] {dino} cml stopped again, done w/it today
[10:29] {nemo} cut wt to bbb
[10:30] {dino} bbby gives back
[10:32] {Threei} Greece, nemo
[10:33] {Threei} *(GR) FITCH CUTS GREECE TO BBB- FROM BBB+ (two notch cut); OUTLOOK NEGATIVE
[10:33] {Threei} - Agency has simultaneously affirmed Greece's Country Ceiling at 'AAA' and the Short-term foreign currency IDR at 'F2'.
[10:33] {Threei} - States: The downgrade reflects the intensification of fiscal challenges in response to more adverse prospects for economic growth and increased interest costs. It also reflects ongoing uncertainties about the government's financing strategy in the context of increased capital market volatility.
[10:33] {Threei} - States: The sharp rise in interest rates faced by the government this year, in combination with a deterioration in the outlook for economic growth, will make it harder for the government to achieve its fiscal targets of reducing the deficit to 8.7% of GDP this year and ensuring that public debt peaks at just over 120% of GDP in 2010 and 2011. Pressures on the banking system underline the adverse spill-over from sovereign risk concerns on the wider economy, while contingent liabilities from the banking sector will increase as the government provides banks with increased guaranteed funding.
[10:33] {Threei} ** Note that Greece's sovereign debt carries an A2 rating at Moodys, two notches above the equivalent ratings at Fitch and S&P (BBB-). If Moody's were to recalibrate its rating in line with its peers it would render Greece's sovereign debt ineligible for ECB repo operations when collateral criteria reverts to the normal minimum thresholds (A3/A- or above) at the end of 2010
[10:34] {dino} yadda yadda yadda
[10:35] {ese} my trading platform is down
[10:36] {shorty} ese, do you guys ever travel to Calgary for the Blues festival?
[10:36] {RonS} ...mine is trying to freeze...
[10:37] {fernp} double bottom WFC, Vad?
[10:37] {Threei} probably but I don't like entry here
[10:37] {Threei} .20 was much better one
[10:38] {Threei} need quotes guys?
[10:38] {Threei} PALM continues
[10:39] {Threei} (US) Reports confirm that Supreme Court Justice Stevens to retire this summer
[10:39] {Threei} - Stevens is in the liberal minority of the court.
[10:39] {Threei} - Reports earlier this year said that Stevens would step down later in 2010.
[10:39] {Threei} good bye liberal minority
[10:39] {Threei} hello liberal majority
[10:40] {Threei} ok guys, you be very careful now... vasilisa will help me keep you in line
[10:42] {vasilisa} Good afternoon, everybody. Thanks, Vlad!
[10:43] {Threei} welcome to the jungle
[10:43] {magoo} vlad?
[10:43] {magoo} the impaler
[10:43] {fernp} gm vas
[10:43] {RonS} hello
[10:43] {magoo} hi vas
[10:43] {shorty} Hello
[10:44] {Threei} let's see if we can get reliable entry onb PALM
[10:44] {Threei} since it showed it can do more than scalp
[10:46] {dino} jec
[10:46] {RonS} gld
[10:47] {dino} out frx +.25 thing is stuck
[10:47] {Threei} JEC Reaches new highs after CNBC mentions earlier LBO chatter (47.80, +3.52, 7.95%)
[10:47] {RonS} Jacobs Engineering calls active on renewed LBO speculation
[10:47] {shorty} nice dino
[10:48] {dino} thx
[10:49] {dino} jec sm s .75
[10:49] {dino} bit soon
[10:50] {magoo} palm pretty good pllbk
[10:53] {ese} ahhh back online.....and making money in erts
[10:53] {magoo} GS wacked
06[10:54] * magoo slaps ese around a bit with a large trout
06[10:54] * magoo slaps vasilisa around a bit with a large trout
[10:54] {magoo} first one for u i think
[10:54] {Les} swk .50 break?
[10:54] {magoo} GS getting wacked
[10:54] {Threei} magoo likes to live dangerously
[10:55] {ese} hmmmmmm someone new....welcome vasilisa
[10:55] {Threei} not sure les
[10:55] {magoo} u pick up an7y palm vad
[10:55] {Threei} no mags
[10:56] {Threei} no clear idea yet
[10:56] {magoo} me niether
[10:57] {ese} out erts .41 +.08
[11:06] {dino} cov jec .90, +.85
[11:07] {dino} .
[11:08] {magoo} beauty..i was chicken
[11:08] {dino} thx
[11:08] {shorty} dino amazing.
[11:08] {dino} lucky
[11:09] {shorty} humble too I see.
[11:09] {dino} :/
[11:10] {shorty} You say your lucky, I say you are good.
[11:11] {magoo} i say hes FAT
[11:11] {shorty} With a PH
[11:11] {strider} dino is a File Allocation Table?
[11:11] {shorty} lol
[11:11] {Threei} PALM...
[11:12] {Threei} this starts looking like it can turn into momo
[11:13] {dino} casy hod
[11:13] {dino} casy wants 40 area strike
[11:15] {magoo} prob i palm is piece of crap
[11:16] {magoo} i=is
[11:16] {Threei} don't know mags, pace picks up
[11:16] {magoo} wish i hit .15 lol
[11:28] {Threei} incredible
[11:28] {Threei} nothing can keep this market down
[11:29] {Threei} back to high
[11:30] {Les} fitb .20 break?
[11:31] {dino} nothing matters until it does 3i
[11:31] {Les} aig 38
[11:32] {Threei} hard to tell les... not sure
[11:32] {Les} ok
[11:37] {dino} mos lod
[11:38] {Les} bgp 3 b/o?
[11:40] {Threei} 50/50
[11:40] {Threei} I like this type when it has real pace
[11:40] {Threei} BGP's chart is nice, but there is not ebough activity
[11:41] {dino} mos sm l .85
[11:42] {Les} +.03 and 5k from PALM. been waiting for b/o, but am left disappointed for now
[11:42] {Les} aig
[11:43] {jfjf64} 14 points lets get the HATS OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[11:43] {Les} out +.08 aig.
[11:43] {jfjf64} 13
[11:43] {Threei} will get it TODAY
06[11:45] * Threei dusts off his 11K party hat
06[11:45] * Threei books strippers for everyone in the room
[11:45] {jfjf64} TAKE PICTURE LUV TO SEE IT
[11:45] {magoo} IN (the room lol)
06[11:46] * Threei uncorks Dom Perignon for vasilisa and Grey Goose for himself
[11:46] {Les} you old smoothie
[11:46] {Les} talk about selling aig too soon sheesh
[11:47] {jfjf64} yup
[11:48] {Les} grabbed another .10 on the way down
[11:49] {Threei} LCC United and US Airways Unions: Flight Attendant Leaders Say Merger Impossible With Unresolved Issues at Each Airline (7.40, -0.16, -2.12%) (related UAUA )
[11:49] {Les} Vad, MGM ready to b/d? you see a play?
[11:49] {Les} wynn up but lvs mgm down?
[11:49] {Threei} no clear read
[11:49] {Threei} would be short for sure if market went down
[11:49] {Threei} as it is, it's rather short but I don't want to go against the currenbt
[11:50] {shorty} out of CIEN +4
[11:51] {shorty} Thanks for the heads up Threei, on not shorting
[11:53] {RonS} ...if shorty shorts does that make him long, or does he become invisible?
[11:56] {shorty} Bullet proof RonS
[11:56] {shorty} I like shorting better then longing, it's the screams that I like.
[11:59] {Les} PALM coming down
[11:59] {Les} out +.12 shorting aig again
[12:00] {Les} s palm .21
[12:01] {dino} shorty shorting is like trying to fade the faders fade
[12:03] {shorty} I find it easier to short.
[12:03] {Les} but homer simpson says two wrongs make a right, so wouldn't that make him long?
[12:04] {shorty} Are you saying being short is wrong? You have something against short people?
[12:05] {Les} are we talking dwarf size, or just dweeb?
[12:05] {dino} tangents
[12:05] {shorty} lol Les
[12:08] {shorty} Looks like ZION is forming a inverted cup.
[12:10] {Les} out +.05 PALM
[12:11] {Les} I'm happy with today, and it being friday, might hold it here and wind down for the weekend
[12:11] {Les} bon weekend everyone
[12:11] {Threei} have a good one Les
[12:11] {fernp} bye les, enjoy
[12:12] {dino} cya les
[12:14] {shorty} Bye Les
[12:19] {RonS} aig gettin jiggy
[12:25] {Threei} (CH) Brazil Fin Min Mantega: A more flexible Chinese Yuan would be very good for the global economy
[12:25] {Threei} this is so fascinating
[12:25] {Threei} everyone is so sure of that
[12:26] {Threei} to me, consequences of cush change are so enormous and far-reaching, that no-frikin-one has slightest idea what comes out of it
[12:32] {dino} higher prices on mist comsumer goods, imo
[12:34] {RonS} how do you spell weak?...mos
[12:35] {dino} indeed
[12:38] {magoo} ok all..i have to leave, c u monday
[12:39] {Threei} have a good weekend mags
[12:39] {RonS} bye mags...have a good one
[12:39] {magoo} going to motocross amatuer national qualifiers
[12:39] {shorty} Bye magoo
[12:39] {magoo} wish us luck
[12:39] {lasertrev} later magoo
[12:39] {shorty} good luck!
[12:42] {Threei} sorry guys, we will have to cancel 11K for today
[12:42] {Threei} mags is not in the room, would be a waste of stripper time
[12:43] {shorty} I can take two of them Threei.
[12:43] {Threei} I am sure you can
[12:43] {Threei} but I need a blackmail material on magoo
[12:43] {Threei} AIG spike
[12:44] {shorty} wow
[12:48] {fernp} FAS 107 breakdown, Vad?
[12:48] {fernp} using FAZ i mean
[12:48] {nemo} go faz can't short fas
[12:48] {Threei} 50/50
[12:49] {fernp} ok
[12:59] {Threei} AIG's on a mission
[13:02] {Threei} magoo, come back
[13:02] {Threei} AIG's moving
[13:05] {nemo} I'm going out might be back before close
[13:05] {Threei} I will be here
[13:05] {shorty} BYe nemo, have a good weekend if you are not back.
[13:05] {Threei} I am not saying bye so you must be back
[13:06] {dino} cya nemoooooooo
[13:07] {dino} slow day
[13:08] {RonS} dino, mos ideas?
[13:09] {dino} pathetic
[13:09] {Threei} see? no 11K today, magoo's fault
[13:09] {dino} stop .49
[13:10] {dino} hang on 3i, i'll get the coin out
[13:11] {fernp} FAZ 1:1
[13:13] {Threei} cool beans
[13:30] {shorty} Threei, ZION is that an inverted c/h?
[13:31] {Threei} with rim at 23.80?
[13:32] {shorty} Something like that.
[13:33] {shorty} .84 I was thinking.
[13:34] {Threei} kind of....
[13:35] {Threei} not very trtadeable one, but for the pattern recognition purposes, yes
[13:36] {shorty} Thanks. Also, was seeing on the ecn book at .98 it was flashing 10k, not a lot of times but a couple.
[13:38] {shorty} Can you explain to me the spike there? Someone bought 13k at 24.05? At 13:35.
[13:41] {Threei} I don't see 24.05 at 13:35
[13:49] {shorty} Your time 10:35.39 It shows 9000,(Quote center) but I saw it on my T&S at 13200. Probably nothing, but I see once in a while. I find it odd to see buying at a higher price, and selling at a lower price.
[13:50] {shorty} CIEN near a major support area.
[13:51] {Threei} my charts are NY time
[13:51] {shorty} Makes the day seem longer Threei.
[13:53] {dino} feels like a summer friday
[13:53] {Threei} TNGN
[13:53] {Threei} Tengion Inc Quotation begins 13:45ET; IPO scheduled to open at 14:00ET; Priced 6M share IPO at $5/share, well below the original range of $8-10/share
[13:53] {Threei} - Underwriters are Piper Jaffray and Leerink Swann.
[13:53] {Threei} - The company is developing functional neo-organs using a patient's own cells.
[13:56] {dino} ahhhh yes
[13:58] {fernp} .
[13:58] {RonS} ...sounds great. i need to work on a new liver amonst other things...
[13:59] {shorty} Maybe we can get a two for one deal RonS?
[14:00] {Threei} opened
[14:00] {RonS} uhhh...growing a pair...does not sound right...
[14:02] {Threei} lol
[14:02] {shorty} are right, It doesn't sound right
[14:03] {shorty} ZION going down
[14:03] {Threei} only mirroring the market
[14:06] {Threei} (GR) EuroZone may charge Greece in excess of 6% for emergecy loans - unconfirmed report
[14:07] {Threei} seriously? my car lease is 1.65
[14:07] {Threei} and mortgage 3.75
[14:07] {shorty} Is your mortgage locked in at 3.75?
[14:08] {Threei} yes
[14:08] {Threei} I can singlehandedly save Greece and make nice money, borrowing at my rates and lending to Greece 1/2% higher {G}
[14:08] {shorty} Vad will own Greece.
[14:08] {Threei} 5 years fixed at 3.75
[14:08] {Threei} want it? I'll tell you who gives it right now
[14:09] {shorty} Mine is due in September. We are locked at 4. Not sure what to do.
[14:09] {Threei} calculate penalty, see if it makes sense for you to roll it to 3.75 now
[14:10] {shorty} I can do it May without penalty.
[14:10] {Threei} if your bank offers this
[14:10] {shorty} But I am thinking of Manuallife one.
[14:10] {Threei} but if you have to roll to another, they will probably want penalty?
[14:11] {shorty} No, my banker told I can do it in May, 160 days before due. Something like that.
[14:11] {Threei} wow, look at this:
[14:11] {Threei} - may charge Greece additional 100bps if the emergency loans duration is beyond 3 years
[14:11] {Threei} - no loan amounts yet discussed, but if requested the size would be enough to shock markets
[14:11] {Threei} - a decision to help Greece could be decided upon, if needed, within hours
[14:12] {shorty} Hmmm.
[14:13] {Threei} anyway, if that's a rate you are interested in, BMO offers it
[14:14] {RonS} nbg
[14:14] {shorty} I see what you are saying, going to another company, I will get charged? Did not think of that.
[14:14] {Threei} that's how they usually act
[14:15] {shorty} Planning to meet with a financial advisor that friend recomended, who deals (works) with BMO.
[14:16] {jfjf64} NBG
[14:26] {RonS} m
[14:26] {dino} 11k today 3i, i'm making the call
[14:27] {dino} very technical call. brought out the caesara casino coin and tossed it
[14:27] {Threei} I so wish you were right
[14:27] {Threei} but I will have to go against it, and for even more technical reason
[14:28] {Threei} tea leaves!
[14:28] {dino} i am, remember, i'm 3 hours ahead of you
[14:28] {Threei} and chicken entrails
[14:28] {Threei} both say no 11K today
[14:28] {Threei} wel... yeah, 3 hours time difference puts me at significant disadvantage...
[14:29] {Threei} but I am a firm believer in chicken entrails
[14:29] {Threei} and the bones from the left ear of a bat caught at midnight at the crossroad
[14:30] {dptl} lol
[14:34] {jfjf64} good weekend all
[14:34] {shorty} Have a good weekend jfj64
[14:34] {Threei} have a good one jf
[14:35] {jfjf64} 11k hat away to next week
[14:35] {dino} cy jf
[14:35] {jfjf64} maybe
[14:35] {jfjf64} maybe notttttttttttttttttt
[14:36] {jfjf64} 11k ofcourse ill be here lol
[14:37] {Threei} :)
[14:42] {Threei} WATG
[14:43] {Threei} something there...
[14:43] {Threei} hits two windows pf a scanner at once
[14:44] {dptl} something with yahoo?
[14:44] {dptl} spiked
[14:44] {Threei} no news other than morning upgrade
[14:44] {Threei} nothing on YHOO yet
[14:45] {strider} Wonder Auto and China Automotive should report storng Q1 results, says Merriman
[14:45] {strider} After a Chinese trade association reported that China's auto sales in March rose 63% year-over-year, Merriman expects Wonder Auto (WATG) and China Automotive (WATG) to report strong Q1 results and make optimistic comments about their near-term outlook. The firm maintains a Buy rating on Wonder and a Neutral rating on China Automotive.
[14:45] {strider} from 1:06PM
[14:46] {Threei} yeah...
[14:47] {RonS} watg 2 mil sh short...18% float
[14:50] {strider} CNBC reports: 87% of consumers plan to spend less on alcohol in 2010.
[14:50] {strider} You've got your work cut out for you, vad.
[14:50] {Threei} that's OK, dp is there to help me out
[14:50] {shorty} Plan, I plan to a lot of things that don't work out.
[14:51] {RonS} 81% admitted they were lying
[14:51] {shorty} lol
[14:51] {dptl} :)
[14:51] {RonS} m...squeeze
[14:51] {strider} 19% couldn't remember the interview.
[14:52] {dptl} lol
[14:52] {RonS} :D
[14:53] {strider} And some guy with 3 eyes refused to answer the questions.
[14:53] {strider} Pled the 5th.
[14:53] {Threei} in Arameic
[14:54] {Threei} which he thought was Swahili
[14:57] {RonS} watg outta gas
[15:13] {shorty} Short CIEN .29 Threei. Stuck at .23 right now.
[15:16] {nemo} I'm back
[15:16] {nemo} awiav?
[15:16] {shorty} Nello nemo
[15:16] {nemo} nuck you shorty
[15:16] {Threei} no... too narrow
[15:16] {shorty} Ohhh,
[15:16] {nemo} oh jeez yeah, wow
[15:16] {shorty} lol
[15:18] {nemo} thought it was 11k Day
[15:20] {dino} it is
[15:23] {Threei} we have a wager going here, nemo
[15:23] {Threei} as usual
[15:23] {Threei} 6 pack
[15:23] {Threei} no larisa, so carrot juice is not a part of it
[15:29] {dino} 24 pts
[15:29] {shorty} covered .23 CIEN
[15:31] {dino} last try cagc .oo l
[15:32] {Threei} dino, my guess... THEY don't want to run into 11K, they want to GAO over it
[15:32] {Threei} SAP
[15:33] {Threei} GAP
[15:33] {Threei} to trap the shorts withgstops
[15:33] {strider} and more.
[15:33] {Threei} with stops
[15:33] {Threei} force them to cover higher
[15:34] {Threei} imagine how perfectly evilish it is
[15:34] {Threei} keep them nervous all gthe weekend,
[15:34] {nemo} just short covering from here going into the weekend could push it over
[15:34] {Threei} sit in relative in safety in case Greece disappears from the map on Sunday
[15:35] {Threei} then open the market over 11K
[15:35] {Threei} and don't even kill them - make them kill themselves
[15:36] {Threei} I would say it's the most elegant way to do it
[15:36] {Threei} and if some bad news comes iover the weekend, even better - sucker in more shorts
[15:37] {Threei} then drive to the psychological barrier again
[15:37] {shorty} Good thing I do not hold over night.
[15:39] {Threei} 22 points
[15:39] {Threei} 21 min left
[15:39] {Threei} easy doable
[15:41] {dino} wants it
[15:43] {shorty} Have a good weekend everyone.
[15:43] {Threei} not going to watch the show till end shirty??
[15:43] {dino} cya shorty
[15:43] {shorty} shirty....kick me while I am down Threei?
[15:44] {Threei} lol... sorry, keys next to each other
[15:44] {RonS} can call me ray, or you can call me jay, but don't call me shirty...
[15:44] {nemo} o.k. Johnson
[15:44] {shorty} I know....I will watch the replay tonight. My kids are driving me nuts right now, fighting and all. I can't concentrate anymore.
[15:45] {Threei} darn backchewers
[15:45] {dino} don't call me late for dinner
[15:45] {dino} 19 pts
[15:45] {Threei} 16
[15:46] {dino} :O
[15:46] {RonS} dad says knuckledraggers, but what are backchewers?
[15:46] {Threei} lol... it sounds tastiet in russian... spinogryzy
[15:47] {dptl} lol
[15:47] {dptl}
[15:48] {Threei} backgnawers would probably be closer
[15:49] {dptl} let me google translate it
[15:49] {nemo} so if Greece gets "rectified" big gap up on Monday
[15:50] {dino} gunning them
[15:51] {dino} all green
[15:51] {Threei} 13
[15:51] {dino} hod
[15:51] {Threei} 12
[15:51] {Threei} 11
[15:51] {Threei} 10
[15:51] {Threei} this is fun
[15:52] {dptl} :)
[15:52] {Threei} CH) Aide to Senate Majority Leader Reid (D-NV): Senate could schedule a vote on legislation to address the Chinese Yuan
[15:52] {Threei} - Bill could be voted on if Beijing does not satisfactorily addess US concerns
[15:52] {Threei} Fed's Dudley: Fed rethinking approach to asset bubbles, not able to prevent all asset bubble - radio interview
[15:52] {Threei} -echoes comments from a speech he made on 4/7 regarding asset bubbles.
[15:52] {Threei} - says that the current unemployment rate of 9.7% is unacceptable to the Fed.
[15:52] {Threei} 9
[15:53] {Threei} 7
[15:53] {Threei} 6
[15:53] {ese} hey there....needed to pop in to say have a great weekend......had some turf delivered....was suppose to be delivered now not this morning....had to put it in
[15:53] {dino} cya es
[15:53] {ese} take care all
[15:53] {Threei} ese joi'n the fun
[15:53] {Threei} 5 points to 11K
[15:53] {dino} 5
[15:53] {dino} 4
[15:53] {Threei} but if you prefer to put turf in...
[15:54] {Threei} 3
[15:54] {Threei} 2
[15:54] {Threei} 1
[15:54] {dino} bammmmmmmmmmmmmmm
[15:54] {Threei} yessss
[15:54] {Threei} 11K
[15:54] {dino} see, that 3 hour advantage helps
[15:54] {Threei} strippers at the door
[15:54] {Threei} no kidding
[15:55] {Threei} I am throwing away chicken entrails
[15:55] {Threei} and tea leaves
[15:55] {dptl} it's like new year celebration
[15:55] {Threei} bat ear bone, I'll keep for now
[15:55] {nemo} happy endings?
[15:55] {dino} lol
[15:55] {dptl} lol
[15:56] {Threei} magoo's loss
[15:57] {RonS} good weekend to all! ;)
[15:57] {Threei} take care Ron :)
[15:57] {dptl} that was fun....have a good weekend all.....:)
[15:57] {Threei} thank you all guys,
[15:57] {Threei} have a good weekend
[15:57] {Threei} see you on Monday
[15:57] {lasertrev} you too vad
[15:58] {dino} cpki
[15:59] {Threei} (US) DJIA moves through 11,000 for the first time since Sept 2008 (related SPY DIA )
[16:00] {dino} what the heck on cpki
[16:00] {Threei} CPKI Looking at acquisition offers, including offers from private equity firms - WSJ (20.75, +2.57, 14.14%)
[16:00] {Threei} 1 min ago
[16:02] {dino} ty
[16:04] {dino} thx and take care all