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 https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlOKHgE1Pee7blRJXVp67E68lmoBErX9CJHbbCJKwlv6RRwaN_BBt7Vkr7oBzX4m2KVqjtwmsaGyyUoC7wcZ0eiNof_4LMJkvmj-qXGO6OrG5aGZQ8P3iy9X-lBvISwUsGiPraDMLOmME/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