Tuesday, April 13, 2010

Apr 13 2010

Fair day with ABK short as the best play. The market just has no idea what "red" means.

Session Time: Tue Apr 13 00:00:00 2010
[08:21] {vasilisa} gm all
[08:22] {nemo} hello
[08:30] {Threei} US) MAR IMPORT PRICE INDEX M/M: 0.7% V 1.0%E; Y/Y: 11.4% V 11.7%E
[08:30] {Threei} - Prior MoM revised higher from -0.3% to -0.2%
[08:31] {Threei} KERX
[08:31] {Threei} Keryx Biopharmaceuticals Inc Announces Poster Presentations Highlighting Clinical Activity Of Zerenex (Ferric Citrate) At National Kidney Foundation (NKF) 2010 Spring Clinical Meetings
[08:34] {Les} best be nimble Jack
[08:34] {Les} morning
[08:34] {Threei} Les :)
[08:37] {dino} gm all
[08:37] {dino} vad, any news on esi? held 300 overnight
[08:37] {Threei} ESI Credit Suisse Raised ESI to Outperform from Neutral, price target: $135
[08:38] {Threei} morning dino
[08:38] {dino} ty, thoughts?
[08:39] {Threei} it must be some sector thing
[08:39] {Threei} APOL gaps up too
[08:39] {dino} yes, see it
[08:39] {Threei} but ESI clearly leads
[08:40] {Threei} with this size of gap, why do you even torture yourself? :)
[08:40] {Threei} tke it and be happy
[08:40] {dino} cpla flat
[08:41] {Threei} ABAT Receives New Orders of Electric Vehicles worth $1.6M (3.81, 0.00, 0.00%)
[08:41] {Threei} GR) Greece PM Papandreou: EU bailout package is safety net for Greece
[08:41] {Threei} - Whether activated or not matter of evaluation
[08:41] {Threei} - Aid package allows Greece greater calm to do the job
[08:41] {Threei} **Note: Greece needs to raise 11.6B by the end of May to cover maturing debt, with another 20B required by year-end to pay interest and finance the 2010 deficit
[08:42] {Threei} I am getting interested in what happens on AA
[08:42] {Threei} you'd think it should be down couple bucks by now
[08:43] {Threei} but it held very well yesterday after hours, and down just a smidge now
[08:43] {Threei} ABAT is trying...
[08:43] {Threei} very tough one
[08:44] {dino} out esi, 113.91, +4.91
[08:44] {Threei} wtg
[08:44] {Threei} go home
[08:44] {dino} lol, i should, back in 10
[08:50] {Threei} (IA) European officials: China and Russia moving closer to agreement on Iran sanctions
[08:57] {dino} .
[08:58] {Threei} good point
[08:59] {dino} indeed
[08:59] {dino} mos to 55 strike today
[09:02] {fernp} Good morning everybody
[09:02] {Threei} fern :)
[09:03] {Threei} PPHM
[09:03] {Threei} Peregrine Pharmaceuticals Inc. Presenting data from four clinical studies at ASCO
[09:03] {Threei} - Data from four clinical studies of bavituximab and Cotarahave been accepted for presentation at the 46th Annual Meeting of the American Society of Clinical Oncology (ASCO) to be held June 4-8, 2010 in Chicago, Illinois.
[09:06] {dino} mipi
[09:08] {RonS} gm all. mipi 4 mil sh short, 22% float
[09:08] {dino} cf, expe, deo
[09:09] {dino} :)
[09:09] {RonS} abk
[09:09] {Threei} Ron :)
[09:09] {dino} esi too
[09:09] {Threei} ABK totally lost its mind
[09:11] {Threei} MIPI yesterday ah
[09:11] {Threei} 4:02:50 PM
[09:11] {Threei} Molecular Insight Pharmaceuticals, Inc. Positive Phase II data published in Journal of Clinical Oncology
[09:11] {Threei} - Results from the Phase 2 clinical trial of 90 patients show that treatment with Onalta improved symptoms associated with metastatic carcinoid tumors.
[09:11] {RonS} ...abk used to be a bullet proof quasi monopoly money-making machine. w/ guvmint exclusive who know where it could go
[09:12] {Threei} therapy resulted in objective tumor response or stable disease in 67 (74.4%) of 90 patients with metastatic carcinoid refractory to octreotide therapy. Median progression-free survival and overall survival were 16.3 and 26.9 months, respectively. Furthermore, there appeared to be a correlation with prolongation of the period of progression free survival in those patients who had durable diarrhea improvement
[09:14] {fernp} this .45 break in LVS is valid, Vad?
[09:14] {Threei} premarket, I wouldn't
[09:14] {fernp} ok
[09:14] {Threei} LVS can be dishustingly volatile even during normal hours
[09:15] {dptl} good morning
[09:15] {Threei} dp :)
[09:22] {lasertrev} good morning
[09:22] {Threei} trev :)
[09:24] {Threei} ABAT, I doubt it has much fuel... some day maybe... not yet
[09:25] {shorty} good morning all
[09:25] {Threei} shorty :)
[09:26] {strider} LVS upgrade
[09:26] {strider} morning all
[09:26] {Threei} strider :)
[09:27] {magoo} morning comraddes
[09:27] {Threei} mags :)
[09:28] {magoo} what we stalkin?
[09:28] {Threei} MIPI
[09:28] {Threei} ABK
[09:28] {Threei} usual suspects
[09:28] {Threei} like LVS et al
[09:29] {RonS} key - ubs downgrade seems to be whacking big regionals, ie key, rf
[09:30] {Threei} MIPI, momo candidate on .20 break
[09:31] {Threei} risky like taking bacon from my breakfast plate
[09:32] {Les} hmmm how do you say suicidal
[09:32] {Les} M I P I
[09:32] {Threei} invalidated anyway
[09:32] {magoo} ABK niuts
[09:33] {Threei} that's understatement of the century
[09:34] {Les} l MIPI 4.01
[09:35] {Les} out +.20
[09:35] {shorty} nice
[09:35] {dino} wow esi continues up
[09:35] {Threei} and pulls APOL with it
[09:36] {dino} cpla too
[09:36] {Threei} Long Setup: CAT .80 break
[09:36] {Threei} if stays above .70
[09:37] {Threei} invalidated
[09:37] {magoo} spy falling
[09:37] {Threei} I am not switching to shorting just yet
[09:38] {Threei} all pullbacks were bought quikcly so far,
[09:38] {nemo} nah, this is the pullback before buying
[09:38] {Threei} no need to be a hero and catch reversal in strategy at exact moment it happens
[09:38] {magoo} agree vad
[09:38] {Threei} so, let's go with recent pattern until it clearly ceases working
[09:39] {RonS} mgm?
[09:39] {Threei} normally, CAT setup would have been two-sided
[09:39] {Threei} long .70, short .60
[09:39] {Threei} sorry, long .80, short .70
[09:39] {magoo} vad, any read FCX? bouncer?
[09:39] {Threei} MGM, let's try to catch long on pullback
[09:39] {Threei} FCX
[09:40] {Threei} .90 break half lot
[09:40] {Threei} with stop under .70
[09:40] {nemo} shoul hold .67
[09:41] {Threei} MGM, want it around .25
[09:41] {dino} mkt feeols heavy
[09:41] {dino} feels
[09:41] {Threei} watch LVS as a quide for MGM
[09:41] {nemo} 1/2 out fcx .90
[09:42] {Les} ty vad, caught fcx at .71 out .89
[09:42] {nemo} rest 84.10
[09:42] {Threei} MGM tries for break... not delighted, honestly
[09:42] {dino} hmmm feel was wrong
[09:42] {Threei} wtg guys, good modification on FCX
[09:42] {nemo} took it recross of .75
[09:43] {Les} bloody sheila
[09:43] {Threei} MIPI turns into loco
[09:43] {Threei} .40 break next leg
[09:43] {magoo} out .01 from .74 FCX
[09:44] {magoo} AUIG bouncer vad?
[09:44] {magoo} AIG
[09:44] {magoo} somewhere
[09:44] {dino} pwrd l .02
[09:44] {Threei} not yet
[09:45] {Les} stopped mipi flat
[09:45] {Threei} 41 break now mags
[09:45] {Les} abk 3
[09:46] {Les} cprx
[09:48] {Threei} frikin CAT
[09:48] {Threei} got away
[09:49] {Threei} Long Setup: AA .25 break
[09:49] {Threei} US) Preview: April IBD/TIPP Economic Optimism due out at 10:00ET
[09:49] {Threei} **consensus expectation: 47.5e v 45.4 prior
[09:50] {shorty} Missed AA
[09:50] {magoo} out AIG .11 TY boss
[09:50] {RonS} rimm
[09:50] {magoo} in AA
[09:50] {Threei} not a scalp by me, but can be played as such if you play big shares
[09:51] {Threei} AA has a chance to turn into one of those "what the heck, I thought it reported bad numbers, how come..." etc
[09:52] {fernp} .20 stop, Vad?
[09:52] {shorty} Thought they are merging with UAUA?
[09:52] {Threei} for scalpers yes
[09:52] {shorty} never mind
[09:52] {Threei} and after breaking .30, for day traders too
[09:53] {Threei} that was LCC shorty :)
[09:53] {fernp} ok only want to be sure :-)
[09:53] {shorty} lol
[09:53] {dino} cagc sm l .26
[09:54] {Threei} don't like these numbers approaching, at 10:00... can help or can shake us out
[09:54] {Les} vad, base developing on AIG and lower highs .70 b/d?
[09:54] {nemo} market will keep going up
[09:55] {Threei} most likely but initial shakepout is possible
[09:55] {Threei} no Les
[09:55] {Les} ok
[09:55] {Threei} BPOP Hearing Riley upgrades to Buy from Neutral (timing uncertain) (3.35, +0.30, 9.84%)
[09:57] {Threei} SPY C&H
[09:59] {Les} cprx vad, pullback here for long?
[09:59] {Threei} no idea on that one
[09:59] {Threei} SPY ruined C&H before triggering
[10:00] {dino} pwrd stopped
[10:00] {Threei} *(US) APR IBD/TIPP ECONOMIC OPTIMISM: 48.4 V 47.5E
[10:00] {Threei} COIN Announces 65% increase in Q1 sales (76.68, -0.62, -0.80%)
[10:02] {Threei} CPIX Ibuprofen Compares Favorably to Acetaminophen in Newly Published Meta-Analysis (10.84, -0.15, -1.36%)
[10:03] {Threei} market can't decide
[10:04] {Les} :( aig jumped 20 cents without me
[10:05] {dino} cml l .15
[10:05] {Les} wow miner's coming down
[10:07] {Threei} COIN = pulp
[10:08] {Threei} GE Reportedly expects share of lightining revenue from LEDs to triple by 2015
[10:08] {Les} MIPI db
[10:08] {RonS} rimm=salmon?
[10:08] {Threei} I doubt it les
[10:09] {Les} ty
[10:09] {Threei} RIMM{ pretty much, yes
[10:09] {Les} aig bounce = short entry?
[10:09] {Threei} AA, stop under .20
[10:10] {magoo} MIPI big pllbk vad
[10:10] {Threei} I wouldn't Les
[10:10] {Les} s aig .48
[10:10] {magoo} oh shit, iyts up 2 anyway
[10:10] {Threei} lol
[10:11] {RonS} ...as i look for iyts...
[10:12] {magoo} iyts=its
[10:12] {Les} ok out -.05
[10:13] {Threei} good out
[10:13] {Threei} look at 1 min AIG
[10:13] {Les} yeh its climbing
[10:13] {Les} pivot resistance here. will try to grab a pullback
[10:14] {Threei} exactly kind of formation from which it explodes like anthelope with turpentine up its butt
[10:14] {fernp} TEL Valid breakdown, Vad?
[10:15] {Threei} too narrow for my taste, fern
[10:15] {fernp} ty
[10:15] {dino} cagc stopped -.27
[10:16] {shorty} AA wants to break .30, but can't
[10:20] {Threei} {AA} excuse me? what did you just say about my potence?
[10:20] {shorty} lol
[10:20] {Threei} EUR/USD Approaching 1.3560 where euro sell-stop orders are rumored to lurk
[10:20] {shorty} I doubted the market makers Threei
[10:21] {Threei} why would you?
[10:21] {Threei} the most honest, mosst tansparent, most noble entities on the planet
[10:21] {Threei} and known universe
[10:21] {shorty} Like a lawyer?
[10:22] {Threei} evn more than that
[10:22] {Threei} don't see any news for this drop
[10:23] {shorty} Shake us out!
[10:23] {Threei} you didn't partial?
[10:23] {Threei} over 1:1, market selling
[10:24] {shorty} played the .30 break
[10:24] {Threei} why not protect part?
[10:24] {Threei} oooh
[10:24] {Threei} no way
[10:24] {shorty} yes
[10:24] {Threei} this kind of spikes after the break is for exiting
[10:24] {Threei} not for new positions
[10:24] {RonS} oil melting
[10:24] {shorty} oh....:s
[10:25] {Les} don't worry shorty, been there, done that
[10:25] {shorty} lol
[10:25] {Threei} why would you want to enter at .30, with call at .25 and stop under .20?
[10:25] {shorty} That hurts a bit.
[10:27] {Threei} shorty, may I suggest to switch to paper trading until you are confident you got the structure of setups and meaning of the calls down
[10:27] {RonS} ols Wall Street saw: "it's better to be out wishing you were in, than in wishing you were out."
[10:27] {Les} fair enough shorty, but 3 months down the track I look at same late setup as what you did and ignore it
[10:27] {fernp} WFC .05 break, Vad?
[10:28] {Threei} Ron, that's exactly my cat's thought at http://2.bp.blogspot.com/_zmBuM5vzpKo/S7jKgZTOwxI/AAAAAAAAAC4/PF9qSmklt-Y/s1600/Image00006.jpg
[10:28] {Threei} not sure fern...
[10:28] {shorty} I am going for a walk, and think of what I have done.
[10:29] {RonS} cute pix
[10:29] {Les} yes, you've been a very naughty boy
[10:30] {Les} you committing animal cruelty there vad?
[10:30] {RonS} ...get shorty the cat o' nine tails...
[10:30] {Threei} never
[10:30] {Les} do I need to tell Larisa what has happened here
[10:30] {dino} xrtx l .10
[10:30] {Threei} I'll rather hurt a human than this cat
[10:31] {Les} shorty.... oh shooorty
[10:31] {RonS} lol
[10:31] {Threei} Market Internals update at 10:30ET
[10:31] {Threei} - NYSE volume 250M shares, about 5% above its three-month average; decliners lead advancers by 2.4:1.
[10:31] {Threei} - NASDAQ volume 615M shares, about 13% above its three-month average; decliners lead advancers by 1.9:1.
[10:31] {Threei} - VIX index +4.5% at just over 16.00
[10:31] {Threei} again this strangest pattern
[10:31] {Threei} volume increases on a red day
[10:32] {strider} that sounds ominous
[10:32] {strider} time for a 'correction
[10:32] {Threei} well, the strange part is, this pattern is with us through manny months of non-stop rally
[10:35] {Threei} Long Setup: CAT .45 break half lot
[10:36] {Threei} invalidated but 5 cents range recross hunt is on instead
[10:36] {dino} out cml flat
[10:36] {Threei} second half AA stopped
[10:36] {Threei} too bad, was promising to turn into stunner
[10:38] {Threei} CAT's ready
[10:39] {RonS} dino, cagc hit a famine...
[10:40] {Threei} 1:2
[10:40] {dino} watching it, feels like quick druve down and pop
[10:40] {Threei} the easiest money yet today
[10:42] {dino} rino hod
[10:43] {Threei} hello from petience guys.. she is hiking in montain monastery area near Tibet
[10:43] {magoo} say hi from magoo vad
[10:43] {Threei} I will
[10:43] {Les} you have mind or spiritual link with her?
[10:43] {dino} implant
[10:44] {Threei} once in a blue moon she finds Internet connection somewhere :)
[10:44] {Les} or something more prosaic like internet
[10:44] {Les} right
[10:44] {Threei} CAT 1:3 for those who were more patient
[10:44] {Threei} not me though
[10:45] {magoo} me
[10:45] {Les} me too, but too slow to capitalise on the gain
[10:45] {dino} cagc .29 l
[10:45] {Threei} you still in?
[10:46] {magoo} yup
[10:46] {Threei} partial at least?
[10:46] {magoo} in .40 area
[10:47] {ese} ahhhhhhh theres the ticket......
[10:48] {ese} have been cut off all morning
[10:48] {Threei} enter right password?
[10:48] {ese} wouldn't even allow to access the site let alone be able to put in a pass word
[10:49] {Threei} strange... we are up all morning
[10:49] {Threei} ABK
[10:49] {Threei} magoo, les
[10:49] {Threei} you have 1:4 here
[10:49] {Threei} have mercy
[10:50] {magoo} out .46 TY
[10:50] {Threei} take off part at least
[10:50] {Threei} whew
[10:50] {ese} had to hmibbit.comave been a problem with
[10:50] {Threei} CPRX Signs Definitive Agreement With the National Institute on Drug Abuse To Conduct U.S. Phase II(B) Clinical Trial for Cocaine Addiction (2.40, +0.51, 26.98%)
[10:50] {ese} whoops.....had to have been a problem with mibbet.com
[10:51] {Threei} not even that ese... a few people are connected through mibbit
[10:51] {ese} hmmmmmmmm
[10:52] {Les} I've been locked out of mibbit, as has trev.
[10:53] {Les} thinks handle is already in use
[10:53] {Threei} CPRX...
[10:53] {Threei} maybe if takes that huge offer at .45...
[10:54] {Threei} ABK momo
[10:55] {ese} in and out ABK .24 /.31 +.07
[10:55] {Les} sweet
[10:56] {jfjf64} hban short
[10:57] {Threei} struggle for 5 cents, jf
[10:57] {ese} tks.......tuned in just in time...still trying to figure out why i couldn't log onto the site though
[10:57] {Threei} not sure its's worth it
[10:57] {ese} yes...been a struggle for days now
[10:57] {magoo} let me help
06[10:57] * magoo slaps ese around a bit with a large trout
06[10:57] * magoo slaps ese around a bit with a large trout
06[10:57] * magoo slaps ese around a bit with a large trout
[10:58] {jfjf64} ty
[10:58] {ese} lol
[10:58] {ese} agady agady agady.......lips stretching out from face on each successive slap
[11:00] {jfjf64} abk pull bk
[11:01] {nemo} ba interesting but dont' like the volume on the cup
[11:01] {Threei} IMF proposes taxing derivative dealers instead of having a clearing mandate
[11:02] {dino} tax tax tax thats all you hear anymore
[11:02] {nemo} makes sense...take money from them instead of fixing the structural issue
[11:02] {nemo} guess I should have like the cup on BA
[11:03] {Threei} ABK Ticking lower, hearing JP Morgan making cautious comments (timing uncertain) (3.13, +0.88, 39.11%)
[11:03] {Threei} Reiterates Underweight rating; sees no equity value
[11:03] {Threei} yikes
[11:03] {Threei} shortable btw
[11:03] {fernp} AXP .80 break, Vad?
[11:04] {Threei} yes, for a scalp
[11:04] {RonS} ...eventually they will tax comments...
[11:04] {dino} cml .15 l
[11:04] {Threei} lol ron
[11:08] {dino} and breathing
[11:08] {Threei} AXP made it very easy for you, fern :)
[11:09] {dino} gj fern
[11:10] {dino} cagc to .74
[11:10] {dino} .73
[11:10] {Threei} ABK, anyone found guts to short?
[11:10] {Les} can't
[11:10] {RonS} me neither
[11:10] {Les} so imagine guts I need to go long
[11:10] {dino} out .74, +.45
[11:11] {Les} suicide
[11:11] {Les} screwed up the first long entry at 3
[11:11] {Les} 200ma .65
[11:12] {Threei} getting killed
[11:12] {dino} xrtx stopped
[11:13] {Les} AIG db?
[11:13] {Threei} if pulls back closer to 40, I'd be interested
[11:14] {Threei} JNJ FDA Approves New Drug Application for PANCREAZE Pancreatic Enzyme Therapy to Treat Exocrine Pancreatic Insufficiency
[11:14] {Les} love that quarterly theory dino, ABK was a perfect scalp opp bouncing there.
[11:15] {Les} aig
[11:15] {dino} ;)
[11:16] {RonS} abk - 27k 2.50 puts purchased today w/ oi at 1.7k...now the q is were they jpm's?
[11:16] {Threei} AIG is pretty much ready Les, either bounce or breakdown
[11:17] {Threei} equal chance
[11:17] {shorty} You short Les, I will go Long.
[11:17] {Les} l aig .11 small shares
[11:17] {Threei} ABK
[11:18] {Threei} this bounce should be good for short entry, trying to find setup
[11:18] {RonS} csx reports ah. Directional move has been extending for multi-days...
[11:19] {fernp} QGEN .50 break is valid, Vad?
[11:20] {Les} out aig +.17
[11:20] {Threei} don't count on much if you took it fern
[11:20] {Threei} just a small scalp
[11:20] {Threei} wtg Les
[11:21] {Threei} see how easy they can be if you patiently wait for the right formation?
[11:21] {fernp} yes, took last shares at .50
[11:21] {Threei} even if this one didn't work, it would have been easily visible, no struggle to make a decision
[11:22] {Threei} Short Setup: ABK .95
[11:22] {Threei} stop 3.03
[11:22] {Threei} can take a few tries
[11:25] {Les} aig looking short vad
[11:25] {Threei} not really
[11:25] {Threei} neither does it look long
[11:25] {Threei} just no read
[11:25] {Les} h&s
[11:25] {Les} ?
[11:26] {Threei} right formation in a wrong place
[11:26] {Threei} H&S is a trend reversal formation,
[11:26] {Threei} it's readable at the top of an uptrend
[11:26] {Threei} here, it forms at the bottom of the downtrend
[11:27] {Les} ok
[11:27] {Threei} it could work... it's not something readable in a sense of traditional setups
[11:27] {Threei} die already ABK
[11:27] {dino} rino l .50
[11:27] {Les} giving spy meltup I guess I don't wanna be too aggressive shorting
[11:28] {Les} bpop has some strength today
[11:29] {Threei} had some news before open
[11:29] {Les} ok
[11:30] {dino} ctrp l .24
[11:30] {Threei} OGXI Hearing Rodman and Renshaw reiterates Buy rating and $58 price target (timing uncertain)
[11:30] {fernp} 1:1 QGEN ty Vad
[11:35] {RonS} mos looks like it want to break and long term trendline
[11:36] {RonS} and=a
[11:37] {dptl} you still in abk Vad?
[11:37] {Threei} half
[11:37] {Threei} it hit 1:1
[11:38] {Threei} trailed to 3.01
[11:38] {Threei} by the book should have trailed to .96 but want to give it a little more room
[11:38] {Threei} has a chance to turn into serious mover
[11:39] {dptl} missed half exit still in
[11:39] {Threei} here it is again
[11:39] {Threei} take half off
[11:39] {dptl} out ty
[11:39] {Threei} or if all you want is a scalp, you know what to do
[11:40] {dptl} yes all out
[11:40] {Threei} if you don't - I will have to ask you what year it is, who is the president etc...
[11:41] {Threei} ok ABK
[11:41] {Threei} let's do it
[11:41] {Threei} because you know... bees do it
[11:41] {Threei} even lazy jellyfish do it
[11:42] {Threei} CALM Humane Society allege price fixing in Egg Industry - update (35.59, -0.16, -0.45%)
[11:43] {Threei} Humane Society had requested investigation by the Attorney General on April 12
[11:45] {Threei} 1/4 more cover ABK
[11:46] {Threei} .81
[11:46] {Threei} now, for the last part, stop to b/e
[11:46] {Threei} and decide between covering near .70 or just trailing and letting it run
[11:46] {Threei} personal choice really
[11:47] {Threei} if you want out, it's right here
[11:47] {Threei} it want to trail new stop is .85
[11:47] {Threei} I am out
[11:47] {Threei} .70
[11:48] {Threei} +.25, not too shabby for a cheapy
[11:48] {Threei} of course it drops more, lol
[11:51] {Threei} anyone kept it for more?
[11:51] {Threei} or you all went to sleep? tell me if so, I will too
[11:52] {Les} hey hey, don't look at me. can't short it
[11:52] {Threei} you are forgiven
[11:52] {Threei} but no one else is
[11:52] {Les} I would have kept until .60. pivot support
[11:52] {Threei} NYU Economist Roubini: Fed could resume quantitative easing
[11:52] {Threei} yeah... sigh
[11:52] {Les} bpop coming down
[11:53] {shorty} Was not shortable for me Threei, not that I would have played it anyway. I will sit on the sidelines today with my cat o nine tail markings.
[11:56] {Les} definition of stupid +.06 10k spike down didn't cover
[11:59] {Threei} serious dump in progress on ABK
[11:59] {Threei} not in anymore but can't discard the chance to turn a screwdriver in the open wound of all who didn't take the trade
[11:59] {RonS} abk apr 2.50 put vol at 40k
[12:01] {dino} mean spirited today huh vad
[12:01] {Threei} today??
[12:02] {dino} out ctrp .44, +.20
[12:02] {Les} ABK closing price was .25. good opp for a bounce
[12:03] {Threei} that's my normal state... but yeah, it's getting aggravated when the best call of the day is skipped by most
[12:03] {dino} couldn't borrow
[12:03] {Threei} all laserheads could
[12:03] {dino} i know
[12:03] {Les} using what dino?
[12:03] {Les} broker
[12:04] {Threei} look at it go
[12:04] {dino} cyber
[12:04] {RonS} pool bet- abk to 1.80
[12:04] {dino} ioc
[12:05] {shorty} PALM?
[12:05] {Les} ok grabbed +.06 10k abk.
[12:06] {Threei} PALM no activity
[12:06] {shorty} Was looing at the tima ans sales huge selling
[12:06] {shorty} looking
[12:07] {shorty} Time and sales
[12:07] {Threei} T&S practically not moving
[12:07] {Threei} trade a minute
[12:07] {RonS} huge is relative...just ask your wife...
[12:07] {dino} lol
[12:07] {Les} ouch
[12:08] {shorty} Why would I care what my wife thinks.
[12:09] {Les} because she has objective judgement? Could be useful as trading partner :)
[12:09] {RonS} just trying to be funny but "because her name is not vad"
[12:11] {shorty} That was funny RonS
[12:12] {RonS} ...back in a while for the close...
[12:14] {Threei} GR) Germany Chancellor Merkel: Greece auction earlier shows that Greek aid is not yet needed
[12:14] {Threei} for the next 5 min anyway
[12:19] {magoo} vad, i was with trev working on issues
[12:19] {magoo} we in anything?
[12:19] {magoo} did u guys short ABK?
[12:19] {dino} sm l mee .25
[12:20] {Threei} at 2.95 mags
[12:20] {magoo} cool
[12:20] {magoo} anything now?
[12:21] {Threei} watching it again, big bounce
[12:24] {Les} bpop hod
[12:33] {Les} trying for momo
[12:34] {shorty} CIEN on fire again today.
[12:35] {Threei} US) Southern California March median home price +14% y/y, to $285K; sales +5% y/y - Dataquick
[12:35] {Threei} - note: March national US existing home sales data is due out on 4/22
[12:36] {shorty} Trying to convince my parents to buy in California, but Arizona it is.
[12:39] {dptl} Vad ,fdo,is that C&H?
[12:40] {Threei} it's a valid break if holding above .90
[12:41] {dptl} ok ty
[12:42] {Threei} Short Setup: ABK .55
[12:44] {dptl} stop above .60?
[12:44] {Threei} if sets up from here
[12:44] {Threei} for now there is minor resistance at .62 and .65
[12:44] {Les} can you short 10k for me vad? ;)
[12:44] {Threei} but if triggers not going over .60, all the better
[12:44] {Threei} yes but I will keep the proceeds
[12:48] {Threei} so far it's .62 that's held
[12:50] {Threei} invalidated
[12:54] {Threei} BPOP relentless climb
[13:02] {nemo} awiav?
[13:02] {Threei} no
[13:03] {Threei} BPOP beautiful move but haven't seen clean setup for entry
[13:20] {dino} cagc
[13:21] {Threei} (US) Nuclear Summit Draft Statement: Reaffirms role of IAEA, pledges not to infringe on the right of states to use nuclear power for peaceful purposes
[13:21] {Threei} - Pledges more cooperation on preventing illegal trafficking of nuclear technologies
[13:21] {dino} mee stopped -.26
[13:21] {Threei} as if we needed more hot air
[13:24] {Threei} noticed that period of activity today was longer than usual?
[13:26] {Threei} CH) Treasury Sec Geithner: It is in China's interest to rely less on exports, US consumers to drive economic growth
[13:26] {Threei} someone explain to me what is going to happen if we stop getting cheap chinese imports...
[13:26] {nemo} we start paying for expensive chinese imports
[13:27] {Threei} I understand that their theory is, we will get incentive to re-start US production
[13:27] {shorty} Less lead poisoning?
[13:27] {Threei} lol
[13:28] {Threei} but that feels like distant future, and with many potholes ahead
[13:28] {shorty} They will find another country to be a chep export.
[13:28] {shorty} cheap
[13:28] {Threei} and then will press it to let its currency float?
[13:29] {Threei} and then they will run out of those countries
[13:29] {nemo} rimmm might be ready to break out
[13:29] {Threei} 'caue even penguins in Antarctica will agree to work for free for just so long
[13:29] {ese} ahhhhhhhh back again.......internet problems here....hows it goin
[13:30] {Threei} went quiet ese
[13:30] {ese} end of the world?
[13:30] {Threei} ABK and BPOP are still more or less active
[13:30] {Threei} nah, they canceled that
[13:30] {ese} hmmmmm
[13:30] {Threei} or postponed
[13:31] {Threei} by kicking the can down the road
[13:31] {Threei} they pretty much decided to leave the end of the world to our grandkids which is just fine with me - my kids said they are not going to have any
[13:32] {Threei} - US will be agresssive in seeking China promotes a level playing field for US businesses, moving China to a more flexible exchange rate.
[13:32] {Threei} - Does not make sense for China to maintain a montary policy regime that essentally allows FOMC to set rates for them
[13:38] {Threei} good call on RIMM nemo
[13:38] {Threei} BPOP guys
[13:39] {Threei} .70 break for a scalp
[13:39] {Threei} if stays above .65
[13:43] {nemo} oes bpop become a short on failure
[13:43] {Threei} formally yes but I am not inclined to play this
[13:47] {nemo} still valid vad, never broke .65
[13:48] {nemo} although...has that whack-a-mole feel above 70
[13:48] {Threei} yes but I'd want to see little pullback first
[13:48] {Threei} just couple cents
[13:48] {Threei} don't want to play break on the top of one green bar
[13:48] {Threei} yup, like this
[13:48] {Threei} no, not like this
[13:48] {Threei} lol
[13:49] {nemo} that could be a shakeout bar before breaking either way
[13:49] {Threei} long is invalidated, short is not to my liking
[13:50] {Threei} leabving it alone for now
[13:52] {Les} mipi slowly coming down
[13:56] {KSystems} Hey
[13:56] {Les} ...is for horses
[13:56] {Les} :D
[13:56] {nemo} Verdammte Deutscher
[13:56] {KSystems} was willst Du denn, Ami?
[13:57] {nemo} touche
[13:57] {KSystems} :-D
[13:58] {nemo} Niemand hat mir "Ami" gesagt im fast dreizig Jahren.
[13:58] {nemo} oy..grammatik
[13:59] {Threei} ks :)
[13:59] {KSystems} lol yeah I suppose
[13:59] {KSystems} we dont use it anymore, either
[14:00] {nemo} It was specific to soldiers
[14:02] {Les} bpop coming down
[14:03] {nemo} bounce around .52
[14:04] {shorty} Got to go. cya tomorrow.
[14:04] {Les} ciao shorty. get a paper account setup will ya. I'm lonely on my own
[14:04] {Threei} take care shorty
[14:05] {dino} cya shorty
[14:08] {dino} cagc l .30
[14:11] {magoo} vad, u reading ABK?
[14:11] {Threei} it looks like short to me
[14:11] {Threei} but it lost that clarity it had before
[14:12] {Threei} nbot that easy read now
[14:12] {magoo} short to me also
[14:12] {Les} abk
[14:13] {Les} sorry
[14:13] {magoo} move to 2 bux looks like
[14:15] {Threei} JBLU Hearing JPM makes positive comments (timing uncertain) (6.23, +0.35, 5.95%)
[14:19] {Les} kerx just tried to bust a move
[14:21] {nemo} aig
[14:23] {Threei} fess up mags
[14:23] {Threei} shorted ABK near .40?
[14:29] {Les} wow, abk shortable now
[14:32] {Les} now it isn't lol
[14:33] {Les} look at that. easy 10 cents
[14:33] {Les} :(
[14:35] {Les} pivot .94 abk. drop below 2 for long entry?
[14:36] {Threei} sure becomes a bounce candidatge there, but don't go off price alone
[14:36] {Les} sure
[14:41] {Threei} magoo, you alive?
[14:42] {Threei} a few ultrashorts will undergo reverse split
[14:43] {Threei} some 1:5, some 1:10
[14:43] {Threei} notably, SRS
[14:43] {Threei} FXP
[14:43] {magoo} here, all good
[14:44] {Threei} ok, just want to make sure that if you did short that thing, you take some off the table
[14:44] {Threei} last hour may become very hectic on it
[14:49] {Threei} (FR) French official: France proposes that leaders of nations found to transfer nuclear materials to terrorists should face international court tribunals
[14:49] {Threei} yes... and to get him, let's go in and start a war?
[14:53] {Threei} Long Setup: BPOP .60
[14:54] {nemo} great, it dies
[14:54] {nemo} stop under?
[14:55] {Threei} .55 if scalper, .50 is day trade
[14:55] {Threei} if
[14:57] {dptl} stopped
[14:58] {Les} dt spy?
[15:00] {Threei} I don't see it
[15:00] {Les} ok
[15:05] {Threei} ABK
[15:05] {Threei} biunce is coming most likely
[15:07] {Threei} AVNR Presents Zenvia Long-Term Efficacy Data at AAN Annual Meeting Late Breaking Science Program (3.05, 0.00, 0.00%)
[15:11] {Threei} anyone went for ABK?
[15:11] {Les} y
[15:11] {Threei} 2?
[15:11] {magoo} y
[15:12] {magoo} y
[15:12] {Les} .02
[15:12] {Threei} try to exit first half around .10, probably just abovce
[15:12] {Threei} unless you simply went for a quick scalp in which case you already got it
[15:13] {Les} holding on
[15:13] {Les} bpop testing .60
[15:17] {nemo} stoppe
[15:20] {Les} l aig .20
[15:27] {Les} stopped -.04
[15:33] {Threei} BPOP getting frisky
[15:33] {Threei} was tempted under .40, it jumped 15 cents before I realized I am tempted
[15:34] {Les} was waiting .25
[15:34] {Les} for .30 reversal
[15:34] {Les} break
[15:35] {nemo} frickin' bpop
[15:44] {RonS} lost my time stamp...but, "pool bet- abk 1.80"
[15:45] {Les} grabbed +.10 on b/d but handled ABK badly overall. will revue each trade
[15:46] {Les} BPOP was good to me however
[15:46] {Threei} ABK is nothing but flying crap
[15:46] {Threei} BPOP could be real deal
[15:47] {Les} yeh there will be many years of paper trading before confidently trading such stocks for real
[15:47] {RonS} viva Puerto Rico
[15:48] {Threei} slow grind up continues... market managed to squeeze out another green day
[15:49] {Les} alright, I need my beauty sleep. c u's tomorrow
[15:49] {Threei} can't evewn imagine what it feels like, to be short this market
[15:49] {Threei} must be beyond any reasonable pain
[15:50] {nemo} this market will probably drift through the summer a bit and then resume northward
[15:50] {Les} is there any more money to suck in?
[15:50] {Threei} plenty, IMO
[15:51] {nemo} it's is there anybody willing to sell
[15:52] {Threei} who is reporting today
[15:52] {Threei} INTC
[15:52] {RonS} csx, intc
[15:52] {Threei} that could send market up screaming again
[15:52] {nemo} csx
[15:53] {RonS} intc has sold off the lat 2 Q's w/ stellar reports and outlook...twill be interesting...
[15:54] {RonS} jpm in the a.m.
[15:54] {Threei} and market flagship IGTE
[15:54] {RonS} ...and yum
[15:54] {RonS} ...ops ah
[15:55] {RonS} ops=oops
[15:55] {dptl} have a good evening all
[15:56] {Threei} take care dp
[15:57] {Threei} look at ABK daily
[15:57] {Threei} quite a spectacle
[15:59] {Threei} thank you all, have a good evening
[15:59] {Threei} see you tomorrow
[16:00] {dino} `wbmd
[16:07] {dino} csx
[16:11] {Threei} CSX Reports Q1 $0.78 v $0.70e, R$2.5B v $2.4Be
[16:15] {Threei} INTC Reports Q1 $0.43 v $0.38e, R$10.3B v $9.8Be
[16:16] {Threei} - Guides Q2 Rev $10.2B (plus or minus $400M) v $9.7Be
[16:16] {Threei} up up and away
[16:16] {nemo} catch any
[16:17] {dino} not yet\
[16:19] {fernp} Good evening everybody. See u tomorrow
[16:19] {dino} cya fern