Wednesday, April 14, 2010

Apr 14 2010

Very strong day with a lot of plays for all tastes: scalps, bigger trades, longs, shorts, more expensive, cheapies... notable ones were WFC, FITB, ARBA, FCX, JPM, AIG longs, LVS short .

Session Time: Wed Apr 14 00:00:00 2010

[03:01] {KSystems} Morning!
[07:44] {vasilisa} good morning!
[07:45] {KSystems} helloooo
[08:25] {Threei} (US) Preview: Mar Advance Retail Sales and Retail Sales Less Autos due at 08:30ET (13:30 GMT)
[08:25] {Threei} - Advance retail sales: Consensus expectations are +1.2%e v +0.3% prior (analyst range of estimates from +0.5% to +2.1%)
[08:25] {Threei} - Retail sales less autos: Consensus expectations are +0.5%e v +0.8% prior (analyst range from 0.0% to +0.2%)
[08:25] {Threei} - Retail sales ex auto & gas: +0.6%e v +0.9% prior
[08:25] {Threei} (US) Preview: Mar Consumer Price Index, CPI ex Food & Energy and CPI NSA due at 8:30 am ET (12:30 GMT)
[08:25] {Threei} - Consumer Price Index m/m: 0.1%e vs 0.0% last. (range of estimates -0.1% to +0.3% )
[08:25] {Threei} - CPI ex Food & Energy m/m: 0.1%e vs 0.1% last. (range of estimates from 0.0% to +0.2%)
[08:28] {nemo} I can't imagine that derailing today
[08:30] {Threei} *(US) MAR CONSUMER PRICE INDEX M/M: 0.1% V 0.1%E; CPI EX FOOD&ENERGY: 0.0% V 0.1%E;
[08:30] {Threei} *(US) MAR ADVANCE RETAIL SALES: +1.6% V 1.2%E; EX AUTOS: +0.6% V 0.5%E
[08:34] {Threei} earlier,
[08:34] {Threei} JPMorgan Chase and Co Reports Q1 $0.74 v $0.64e, R $28.2B v $26.5Be
[08:43] {KSystems} Raven?
[09:00] {dptl} good morning
[09:01] {Threei} dp :)
[09:01] {Threei} ACAD To Present Data From ACADIA Pharmaceuticals First Phase III Trial With Pimavanserin for Parkinsons Disease Psychosis at the 62nd American Academy of Neurology Annual Meeting
[09:03] {ese} no probs this morning...i'm in.....good morning
[09:03] {Threei} ese :)
[09:05] {dino} gm all
[09:05] {nemo} optimist
[09:05] {Threei} dino :)
[09:06] {dino} gs downgrades pot, mos which are both down about 20% already in a week
[09:06] {dino} mos 55
[09:07] {ese} mornin dude
[09:08] {ese} dino
[09:08] {nemo} dude
[09:09] {RonS} :) all
[09:10] {dino} dude
[09:10] {Threei} Ron :)
[09:10] {RonS} aib- gs upgrade
[09:12] {RonS} lltc 15 mil sh short, 9% of float
[09:14] {dino} aen
[09:14] {ese} LLTC beats handily....intc quidance raised.......wonder what kind of day it's going to be
[09:14] {ese} hmmmmmmm
[09:15] {Threei} it actually is going to be a very good indication of which stage of this bull we are in
[09:15] {Threei} continuing climb - we have ways and ways to go still,
[09:16] {Threei} if we manage to give up gainst and finish in red (as unlikely as it seems), that will be a big warning sign
[09:16] {ese} agreed
[09:16] {shorty} good morning all
[09:16] {Threei} shorty :)
[09:17] {fernp} Good morning everybody
[09:18] {ese} shorty
[09:18] {ese} fern
[09:18] {lasertrev} morning
[09:19] {RonS} aen- 07:10 AM Eastern Daylight Time, 04/14/2010 (MidnightTrader) -- Adeona Pharmaceuticals (AEN:$1.52,00$-0.11,00-6.75%) announced positive results of Part 1 of its CopperProof-2 clinical study of Zinthionein ZC (zinc cysteine) in Alzheimer's disease and mild cognitive impairment.
[09:19] {dino} agree 3i, sell off on good news would be troubling
[09:20] {Threei} fern, trev :)
[09:21] {Threei} Alzheimer is getting attacked on all fronts today... AEN, ACAD
[09:21] {Threei} and I was so blissfully unaware of anything
[09:21] {gen} gm all
[09:21] {RonS} bax
[09:21] {Threei} gen :)
[09:21] {gen} :)
[09:22] {jfjf64} mornin
[09:22] {Threei} jf :)
[09:25] {magoo} morning
[09:25] {Threei} magoo :)
[09:27] {magoo} what u stalkin vad
[09:27] {nemo} hi mags
[09:27] {magoo} cap'n
[09:27] {Les} morning
[09:28] {Threei} les :)
[09:28] {Threei} mags, everything's up
[09:28] {Threei} hard to make a choice
[09:28] {Threei} just want a pullback, and will try to catch it on usual suspects
[09:28] {magoo} im watching bac, jpm, aig, cat
[09:28] {magoo} abk
[09:28] {Threei} plus AEN, ACAD, BPOP, ABK
[09:29] {Les} I like descending triangle bpop
[09:29] {Les} with .50 base for b/o maybre
[09:30] {Threei} WFC retreated from premarket highs
[09:33] {Threei} Short Setup: LVS .70 break
[09:34] {Threei} stop above .80 for a daytrade
[09:34] {nemo} missed
[09:34] {dino} ioc sm l .00 trig
[09:34] {fernp} missed
[09:34] {dino} gappy
[09:34] {Threei} OK, stop was also above .75 for a scalp, but I guess it doesn't matter
[09:35] {Threei} WFC, pullback to about .55 - .60 for a long entry
[09:35] {Les} hott
[09:36] {Threei} LVS 1:1 on second chance entry
[09:36] {Threei} WFC .80 break, if poulls back a few cents
[09:36] {Threei} and holds above .70
[09:37] {dino} cagc l .25
[09:37] {nemo} intc at support after last night
[09:39] {magoo} rimm vad, look
[09:39] {nemo} in intc .40
[09:39] {Threei} no fresh RIMM news
[09:39] {nemo} 1/2 out .46
[09:40] {nemo} 1/4 more .50
[09:40] {nemo} stop to b/e
[09:42] {Les} pullback in aa a long opp?
[09:42] {Threei} Long Setup: FITB .57
[09:43] {Threei} slow one
[09:43] {fernp} .49 stop, Vad?
[09:43] {Threei} stop under .50 for a scalp, .45 for a day trade
[09:44] {nemo} 1/4 more intc .55
[09:44] {Threei} AIG
[09:44] {Threei} half lot long .50 break
[09:44] {Threei} if stays above .40 for a scalp, .35 for a bigger trade
[09:44] {magoo} l cat .50
[09:45] {Threei} AIG 1:1 for scalpers
[09:45] {Threei} over 1:1 for day traders
[09:45] {Les} ty a scalp
[09:45] {dino} dexo
[09:46] {magoo} im gonna try and let it run AIG
[09:46] {Threei} heh, lookie here
[09:46] {Threei} (GR) Eurostat: Greece did not report use of derivatives
[09:46] {Threei} ***Reminder: Back in Feb EU Stat Agency stated that : Greece has denied using currency derivatives to hide debt
[09:46] {Threei} *** On Feb 15th the Greece Fin Min said currency swaps were legal at the time they were used and insisted that Greece has not used them since
[09:46] {Threei} they lied?? noooo...
[09:46] {Threei} my world is crashing
[09:46] {Les} no one cares anymore
[09:46] {Les} lying has become the norm
[09:46] {Threei} about my world crashing? that hurts Les
[09:46] {Les} lol
[09:47] {Les} I know you trade what you see, not what you think
[09:47] {nemo} when he wears his glasses...otherwise he trades by braille
[09:47] {Les} :D
[09:48] {magoo} out cat .67 ty vad
[09:48] {Les} xrx .60 break?
[09:48] {Threei} AIG next spike
[09:48] {Threei} mags, start partialling
[09:49] {Threei} XRX, I am not delighted
[09:49] {Les} ok
[09:49] {Threei} this one can hold you hostage for hours
[09:49] {Threei} FITB is enough
[09:49] {Threei} US) White House Press Sec: President will advocate for strong oversight on financial derivative products
[09:50] {Threei} he ever advocated for anything else?
[09:50] {shorty} ZION left me in the dust. On paper that is.
[09:50] {dino} mos lod
[09:50] {magoo} any read JPM long vad?
[09:50] {Threei} ARBA
[09:50] {Threei} have a look at daily guys
[09:50] {nemo} mos short
[09:50] {Les} ARB
[09:51] {Threei} 14 break looks significant
[09:51] {Les} some traders mispelt?
[09:51] {RonS} arba 7 mil sh short, 8% of float
[09:52] {Threei} JPM mags, I'd go for double bottom here if holding 47,
[09:52] {Threei} with 47.10 as a trigger
[09:53] {magoo} and look fcx too
[09:54] {Threei} ARBA who likes the daily look, make your choice between taking 14.05 or waiting for pullback
[09:54] {Threei} JPM invalidated that setup
[09:54] {Threei} but remains on a radar
[09:55] {Threei} FCX .20 recross
[09:55] {Threei} stop under day low
[09:55] {nemo} Frickin' fitb
[09:56] {Threei} warned it was very slow one
[09:56] {nemo} yeah, well i pounced before this case, thinking was recommended
[09:57] {RonS} for radar...sks...42 mil sh short, 42% of float
[09:57] {Threei} FCX 1:1
[09:57] {Threei} SKS nice daily Ron, 9.50 break
[09:58] {Threei} slow
[09:58] {Threei} ARBA salmon
[09:58] {fernp} tell me a valid stop for ARBA if i take 14.05 break, Vad
[09:58] {Threei} under .95
[09:58] {fernp} ty
[09:58] {Threei} with any market help is capable of much more than scalp
[09:59] {Threei} fir 14 entey, stop under .90
[10:00] {Threei} *(US) FEB BUSINESS INVENTORIES: 0.5% V 0.4%E
[10:01] {Threei} RNN Issues Additional Comments and Clarifications on its Phase IIa Study Results of Serdaxin in Major Depressive Disorder (MDD) (1.90, +0.14, 7.95%)
[10:03] {Threei} EUR/USD Dollar little moved after Bernanke prepared remarks did not repeat 'Extended Period' Rate Language
[10:04] {Threei} Long Setup: JPM .90 break
[10:04] {Threei} stop under day low
[10:06] {Threei} 1:1, half out or scalp, your choice... half for me
[10:07] {Threei} stop to unde b/e for second half
[10:07] {Threei} stop on FITB to under .50 for everyone
[10:07] {ese} nice one......
[10:08] {Threei} very nice day shapes up overall
[10:08] {Threei} if FITB and ARBA do what I suspect they can do, can be a steallar one
[10:08] {dino} ioc sm l .16
[10:09] {Threei} because in my mind, if market starts doing its eternal grinding move up, ARBA is capable of 30-40 cents move,
[10:09] {Les} AIG 40
[10:09] {Threei} and FITB is pretty much the same
[10:10] {RonS} dino, oil inv at bottom of hour...
[10:10] {Threei} JPM 1:2, 1/4 more out
[10:10] {Threei} stop to .95, last portion for sale above .20
06[10:11] * Threei slaps magoo around a bit with a large roll of cash
[10:11] {dino} thx ron
[10:11] {shorty} Would portion out Threei, even if I play 100-300 shares?
[10:11] {RonS} ?
[10:11] {RonS} oh
[10:12] {Threei} for training purposews shorty... but also depends on your commissions structure
[10:12] {Threei} you need per share commissions for partialling out
[10:12] {Threei} especially with such small lots
[10:12] {shorty} Thanks Threei
[10:12] {Threei} per trade commissions will eat you alive
[10:12] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:12] {Threei} **consensus expectations:
[10:12] {Threei} Crude: +1.4Me
[10:12] {Threei} Gasoline: -1Me
[10:12] {Threei} Distillate: +1Me
[10:13] {Threei} market weakens
[10:13] {Threei} no news
[10:13] {dino} mos sm l .75
[10:14] {dino} ioc stopped
[10:15] {RonS} ya know dino, what is curious on the ferts is that CSX said phosphate shipements increased...
[10:15] {RonS} ...the power of Goldman...
[10:16] {magoo} AIG bounce time vad??
[10:16] {dino} other thing is uso positive
[10:16] {Threei} hard to tell mags
[10:17] {Threei} JPM stop to .99
[10:18] {Threei} out JPM last peice
[10:18] {Threei} .24
[10:18] {Threei} +.33
[10:18] {shorty} Threei, that was an awesome trade to see.
[10:18] {Threei} ty, I have my moments
[10:18] {Threei} I am overall quite awesome today
[10:18] {Threei} and unusually modest
[10:18] {shorty} lol
[10:18] {nemo} I'll send you a new sling
[10:19] {Threei} wow... FITB new high
[10:19] {Threei} 1 cent higher than old high
[10:19] {Threei} with this speed, two things are possible
[10:19] {nemo} I die of old age
[10:19] {shorty} "I am cocky, beacause I can be"
[10:19] {ese} l dell .33
[10:19] {Threei} a) FITB reaches 1:1 this, yes you heard it right, THIS century
[10:20] {Threei} b) it gets blisters on its skin, with this blazing speed...
[10:20] {shorty} lol...nemo
[10:20] {Les} Nemo's not too far off shorty
[10:20] {shorty} lol
[10:20] {ese} small ...i really don't like the way this stock trades but the setup is good
[10:21] {Threei} WFC relative strength attracts an eye
[10:23] {Threei} both our slow salmon made new highs
[10:23] {Threei} pleasure to see
[10:23] {shorty} Would you partial out here with FITB
[10:23] {Threei} ARBA 1:1 for 14 entry
[10:24] {dino} cf sm l .51
[10:24] {Les} ty but I want more
[10:24] {Threei} whether you partial ARBA or now, stop is trailed to .95
[10:24] {Threei} FITB... I wouldn't
[10:24] {nemo} I've got a partial on fitb at .64
[10:25] {Threei} yeah
[10:25] {shorty} thx nemo
[10:25] {Threei} it didn't even reach 1:1 yet
[10:25] {Threei} if you want to take such gains, you better play 5-10K lots
[10:25] {nemo} no, but should we move the stop to b/e that's pretty solid support
[10:26] {Threei} otherwise it won't put even stale bread on your table, forget about butter or caviar
[10:26] {shorty} We might have an hour to decide this nemo.....let us ponder this...
[10:26] {nemo} watch what you'll piss off the trading gods
[10:26] {Threei} ARBA, 1:1 is reached for .05 entry
[10:26] {magoo} butt where u reaklly thinking?
[10:27] {Les} half out here ty
[10:27] {Les} arba
[10:27] {Threei} both stocks hit 52 week high scanners
[10:27] {Threei} magoo, your typing is soo Freudian {GGG}
[10:27] {ese} out dell .39 +.06
[10:27] {Les} lol
[10:28] {Threei} something about today reminds me very different markets we used to have
[10:29] {Threei} very active and with wide variety of movers
[10:29] {Threei} fast, slow, longs shorts, expensive, cheapies
[10:29] {Threei} (US) Fed's Bernake: Reiterates that FOMC expects to see low rates for 'extended period;' Expects to see continued low inflation levels
[10:30] {Les} back to" normal", or market creating the air of normality?
[10:30] {Threei} *DOE CRUDE: -2.2M V +1.4ME; GASOLINE: -1.03M V -1ME
[10:30] {Threei} I don't know Les, and frankly don't care
[10:30] {RonS} oil .50 spike
[10:30] {Threei} I take things one day at a time
[10:32] {Les} hmmm. just thinking of conditions for 87 style crash
[10:32] {Les} but like you say
[10:32] {Les} we'll cross that bridge then
[10:32] {Threei} why would we have such crash?
[10:33] {shorty} I thought that is why theuy introduced the SOES? Because of the 87 crash?
[10:33] {dino} don't think
[10:33] {Les} crash not necessarily a reality
[10:33] {shorty} It was because of the market makers NASDAQ crashed...right?
[10:33] {Les} just conditions conducive to such event, but not important in my trading, this is clear
[10:34] {Threei} CAT Declares regular dividend (66.24, +0.05, 0.08%)
[10:34] {Threei} yes shorty
[10:34] {dino} i think it was portfolio insurance. but it doesn't matter
[10:34] {Threei} it was near impossible to exit positions
[10:34] {dino} nothing matters
[10:34] {Threei} so regulators created SOES
[10:35] {Les} funny, traders worked out that ARB is not ARBA. Drops as quickly as it rose. didn't think to short
[10:35] {shorty} That I know, now how to trade is a different story.
[10:35] {Threei} SOES is long defunct btw
[10:36] {shorty} That they are Threei.
[10:36] {Threei} Les... who was it who mixed them??
[10:36] {shorty} And now they introduce....Vad!
[10:36] {Threei} WFC...
[10:36] {Threei} well
[10:36] {Les} I dunno, but my first efforts at typing led me to ARB
[10:36] {Threei} this thing tries to break out
[10:37] {Threei} if market spikes sharply and WFC delays a litttle, will be worth a try
[10:37] {Threei} if holding above .90 of course
[10:37] {dino} fdx?
[10:38] {Threei} not sure dino...
[10:38] {Threei} idfiocy reigns:
[10:38] {Threei} SEC proposes giving high frequency traders ID numbers to track trading activity
[10:38] {Threei} - votes 5-0 to propose large trader reporting ID system
[10:39] {Threei} who, why and how will benefit from tracking their trading activity?
[10:39] {Les} the masses
[10:39] {nemo} those who feel the need for control
[10:39] {Threei} vasilisa, do you handle swearing well?
[10:39] {RonS} ...they couldn't track Madoff
[10:40] {shorty} lol
[10:40] {Threei} because he didn't trade, lol
[10:40] {shorty} Apperently, everyone on the NYSE floor knew what Madoff was doing.
[10:40] {Les} I think they didn't want to track him
[10:40] {Threei} which means, even if they gave him "tracking number", there was nothing to track
[10:40] {Les} CSX
[10:40] {nemo} 1:1 fitb
[10:41] {Threei} FITB 1:1 baby
[10:41] {nemo} slowpoke
[10:41] {Les} half out ty
[10:41] {Threei} ARBA 1:2 baby
[10:41] {Threei} full market of babies
[10:41] {shorty} Out,paper, FITB.
[10:41] {shorty} for a 1:1
[10:41] {nemo} wfc on break of high?
[10:41] {Threei} yes but only if market leads
[10:41] {vasilisa} Threei, i am from Ukraine=) yes=)
[10:42] {Threei} thank you dear
[10:42] {Threei} SEC, you are fucking imbeciles
[10:42] {nemo} janitor
[10:42] {Les} rofl
[10:43] {Les} fitb eventual target?
[10:43] {magoo} f'bomb from the boss :)
[10:43] {shorty} Harry Markopolos on Madoff series on cnbc:
[10:44] {Threei} I truly hatre the way they pretend to do something by labeling normal market activities as troublesome
[10:44] {Les} missed wfc
[10:44] {nemo} me too looked away
[10:44] {Threei} dunno Les, let's simply manage the trade
[10:44] {Threei} market will tell
[10:44] {shorty} On the left hand side there is a series of videos.
[10:44] {shorty} I mean right side.
[10:44] {Les} l wfc .03
[10:45] {RonS} PAL staged for another run?...restarting mine...
[10:47] {ese} L kerx .79
[10:47] {nemo} 1:2 fitb
[10:47] {Threei} 1/4 more out
[10:47] {nemo} where stop now
[10:47] {Threei} stop to under .65
[10:47] {Threei} WFC 1:1
[10:47] {ese} anticipating .80 break
[10:48] {Threei} ese, tell me you took FITB
[10:48] {Threei} your stock, your type of trade
[10:48] {nemo} 30k of the little buggers
[10:48] {Les} sweeeeeeeeeeet
[10:48] {Les} (Cartman sweeeet)
[10:48] {ese} ahhhhhhhh........was focused somewhere else.......i'm sorry i'm sorry please forgive me
[10:48] {RonS} fig going momo?
[10:49] {ese} nice one though you guys
06[10:50] * Threei is ctying bitterly in the dark corner
[10:50] {ese} nemo did you have 30k of fitb.......right on
06[10:51] * nemo slaps Vad with a barbed wire encrusted sympathy stick
[10:51] {nemo} no ese
[10:51] {Les} vad, PMI 7 b/o?
[10:51] {shorty} I had 300 shares on FITB...
[10:52] {nemo} anybody like mos break of 55/
[10:52] {Les} yeh might be good
[10:52] {nemo} ehhh....anybody but les
[10:52] {Threei} WFC 1:2
[10:52] {Les} bite me
[10:53] {Threei} well... worth a try for a scalp, les
[10:56] {ese} out kerx though 8k of it .84.762 +.05 and a bit
[10:56] {magoo} any read ABK vad?
[10:56] {Threei} short... but exact entry is a problem
[10:57] {Threei} its waves are unusually big for such a cheapie
[10:58] {magoo} vad, does fcx follow mkt?
[11:00] {Threei} (US) US President Obama: Economy is stabilizing, there is still work to be done with regards to unemployment
[11:00] {Threei} - confident that the financial reform bill can be completed
[11:00] {Threei} - bill must contain strong measures on derivatives regulation
[11:00] {ese} "barbed wire encrusted".......nemo baby!!!!! you have a way with words
[11:00] {Threei} today the relationis not very pronounced mags
[11:01] {magoo} ya about usually?
[11:01] {shorty} that made me laugh ese.
[11:01] {nemo} I'm a writer also ese
[11:02] {ese} serious?
[11:02] {magoo} comics
[11:02] {nemo} Yes, I've ghost written two books on the Taoist philosophy
[11:02] {nemo} out 1:3 fitb
[11:03] {ese} L LLTC .61
[11:03] {Threei} what's "usual" mags... :)
[11:03] {Threei} sometuimes it does, sometimes it doesn't
[11:03] {Threei} as any of them
[11:04] {Threei} there is redistribution of money flow between sectors
[11:04] {Threei} which can distort following the market
[11:04] {magoo} PALM PALM
[11:05] {Threei} no news yet
[11:06] {Threei} PALM Harbinger Capital discloses 9.48% holding -filing (1.66, 0.00, 0.00%)
[11:06] {Threei} so what
[11:06] {Threei} srug
[11:06] {Threei} shrug too
[11:08] {Les} KLIC
[11:10] {ese} way da minute....."GHOST written"?
[11:10] {magoo} hit palm .50 to .64 ty vad
[11:10] {nemo} yeah...guy was a foreigner, his english not so good
[11:10] {Threei} :)
[11:10] {Les} nice one mags
[11:11] {ese} ahhhhhhhhh ok i get it
[11:11] {Threei} WFC, without me but 1:3
[11:14] {Threei} Election 2012: Barack Obama 42%, Ron Paul 41%
[11:14] {Threei} this is remarkable... Paul with his "abolish the fed" is not a fringe anymore
[11:15] {RonS} ...with his foreign policy views, he will always be fringe...
[11:15] {Threei} I guess
[11:15] {magoo} which are ron?
[11:15] {Threei} fiscally though, who would have thought
[11:15] {RonS} isolationism
[11:16] {Threei} I guess Tea party creates big awareness of his approach
[11:16] {Threei} he is pretty much "pull out of everywhere, bring all troops home, leave them all those military bases, we don't eed any of that", mags
[11:17] {magoo} ty
[11:17] {Threei} I don't think he has much chance in primaries, he is a vocal critic of GOP establishment
[11:17] {RonS} hal hal PAL
[11:18] {Les} oh he'll be seen as a prophet 15 years from now
[11:18] {RonS} ...mybe his son...not him
[11:19] {Threei} in my eyes, the more Tea party goes mainstream, the more popular he will be
[11:19] {Threei} anti-big government libertarian
[11:19] {RonS} ...too old...too whiney...
[11:21] {RonS} ...remember women can vote...need some sex appeal...
[11:21] {Les} long aig here with 40 stop
[11:25] {Les} feed the women some bimbo golfing vice president, make him black for republican "new"
[11:26] {Les} no wait, Tiger is probably more admired by men following his stunt
[11:27] {Threei} 30 cents FITB
[11:27] {RonS} ...if .55 goes sks may really move..
[11:28] {Threei} Ron, I thought I was the best at picking slow ones today, but you beat me
[11:28] {RonS} ...never...
[11:31] {Threei} I am out FITB guys, over 1:4
[11:33] {Les} ouch that's a hot finish to fitb
[11:33] {Les} mos trying for 55
[11:33] {ese} right on vad
[11:33] {Threei} A Package has exploded at FedEx location in California; no injuries reported - Fox news (related FDX )
[11:33] {Les} Nemo?
[11:33] {RonS} chinese firecrackers?
[11:34] {nemo} yes Les?
[11:34] {Les} never mind
[11:34] {nemo} I prefer direct long distance, or quiet up close and personal
[11:36] {nemo} mos creeping back up on .55
[11:36] {Les} aig
[11:37] {magoo} nice les, with ya
[11:37] {magoo} im thinking .70 area
[11:38] {Les} nah I'm a shmoe, could read the pressure building but took my 10 cents. crap
[11:39] {nemo} you give shmoes a bad name
[11:40] {Les} what are you, my shrink?
[11:40] {nemo} Have you read anything supportive in any reply to you?
[11:40] {RonS} lol
[11:40] {magoo} i think of les as more of a schmuck
[11:41] {Les} l MOS .77
[11:41] {nemo} two ways to take that mags, in german schmuck=jewlery
[11:41] {nemo} in yiddish, well, schmuck=anatomical appendage
[11:41] {nemo} funny "gift" in german means poison
[11:41] {Les} lol I'll take 1st choice for 200 Nemo
[11:42] {magoo} final answer??
[11:42] {nemo} Pimmel
[11:43] {Threei} (US) US Senator McConnell: Bipartisan talks on financial reform have broken down
[11:43] {Threei} (US) Fed's Lacker: Financial reform bill does not eliminate the dynamics that allow "too big to fail"
[11:43] {Threei} - Exact language is needed to elminate the "too big to fail" issue. (related XLF )
[11:43] {Les} stopped, waiting for .80 break
[11:44] {RonS} nemo, what is yiddish for fu?
[11:44] {RonS} ...Trust me.
[11:45] {magoo} out aig .50
[11:45] {Les} nice call on ABK 2 short Vad. I didn't follow thru unfortunately
[11:45] {RonS} old Jewish friend told me that one. Guess those that went for Madoff never heard it.
[11:46] {Les} good job mags. I wait for those breaks, but still have trouble staying the course
[11:46] {dino} rimm
[11:46] {magoo} RIMM RIMM
[11:46] {Les} RL just been dumped
[11:47] {RonS} RIM Announces Common Share Repurchases
[11:47] {Threei} RMBS Hearing chatter could have signed deal with Apple to provide technology for Apple products (22.59, +0.78, 3.58%) (related AAPL )
[11:48] {Threei} Research in Motion Ltd To buy back 2M shares for cancellation (around 1.5% of shares outstanding)
[11:48] {Threei} substantially complete the US$1.2 billion share repurchase program announced on November 5, 2009.
[11:50] {Threei} RMBS explosion
[11:50] {RonS} rmbs 11.5 mil short, 11.5% of float
[11:53] {magoo} 14%
[12:14] {ese} L LLTC avg now .60
[12:21] {ese} sitting here dreaming.....what if i could afford 20k of isrg $367 bucks a share when it closed yesterday up 9clicks today........ahhhhhhhhhhhhto dream
[12:26] {ese} looks like everybody else is dreaming also
[12:26] {shorty} Looking at the new 2011 Ford F350, so yes I am dreaming too ese.
[12:26] {Threei} mushrooms do their magic I guess
[12:27] {Threei} look at FITB
[12:27] {shorty} Did someone say Mushrooms::D:P
[12:27] {ese} nice move by fitb for sure
[12:28] {Threei} oh my god
[12:28] {Threei} oh my god oh my god oh my god
[12:28] {shorty} What Threei?
[12:28] {Threei} look at this line I am about to type next, because this is first and I bet last time you see me saying this
[12:29] {Threei} I am in total agreement with Bernanke, he said a very smart thing
[12:29] {Threei} (US) Fed's Bernanke: A financial transaction tax is not the way to raise revenue; agrees with Treasury Dept advisement against the idea
[12:29] {Threei} - the tax would lead to a reduction in liquidity; leverage taxes would also cause issues in the repo market
[12:30] {ese} hmmmmmmm
[12:30] {ese} didn't know they were planning a financial tax
[12:31] {Threei} they weren't planning it, there is a group of lunatics that tries to push it
[12:31] {magoo} obamamites
[12:31] {Threei} and with current climate of hatred to anything and anyone fnancial, idea got some taction
[12:31] {Threei} traction
[12:32] {dino} because in the eyes of obamination, speculators are evil
[12:32] {magoo} well, they need to tax anything and everything
[12:32] {dino} and they will, big push begins jan 1, 2011
[12:35] {dino} hod's
[12:36] {ese} out LLTC avg .77 +.16 on 6k
[12:36] {RonS} sks .69 break brings another squeeze...and man, the price action in the banks is really strong
[12:36] {Threei} wtg
[12:36] {ese} tks
[12:37] {dino} ioc
[12:38] {Threei} you are partialling out of it Ron? or holding whole thing?
[12:38] {Threei} ACOR Hearing JP Morgan makes positive comments; reiterates Overweight rating (timing uncertain) (37.48, +2.28, 6.48%)
[12:39] {RonS} out at .65 a while ago...will wait for a pm squeeze if it comes...
[12:49] {Threei} RMBS tries for another leg up
[12:59] {dino} out cf .91, +.40
[13:03] {dino} out ioc .33, +.73
[13:08] {Threei} WYNN Hearing Buckingham makes cautious comments on Macau (timing uncertain) (86.93, -1.11, -1.26%) (related LVS )
[13:11] {Threei} Short Setup: LVS .40 break if stays under .45
[13:11] {nemo} short today....oy vay
[13:12] {Threei} invalidated anyway
[13:12] {nemo} had strong support at .35 rom yesterday
[13:12] {Threei} ARBA 1:2
[13:15] {ese} just checked out ioc......nice one dino.....excellent move from .20 to .20 up a buck
[13:16] {dino} cetv
[13:17] {dino} ty
[13:18] {ese} your welcome....good one with cf also
[13:18] {ese} big move with the both of them
[13:18] {Threei} how about that LVS?
[13:18] {dino} got out cf way too soon
[13:19] {ese} somebody hit the 3 jokers on the slot machine for lvs?
[13:20] {RonS} dino, what do you think ipi?
[13:20] {Threei} [13:08] {Threei} WYNN Hearing Buckingham makes cautious comments on Macau (timing uncertain) (86.93, -1.11, -1.26%) (related LVS )
[13:22] {dino} same thing as mos, pot, cagc, cf
[13:22] {dino} most likely db in making
[13:23] {Threei} ugh... to bad we haven't reinstated LVS
[13:24] {RonS} please...who is Buckingham...every time i hear it i think the Queen is making a pronouncement...
[13:25] {dino} lol
[13:26] {dino} mos to .15
[13:27] {dino} mos to .35
[13:27] {dino} .25 i mean
[13:28] {dino} to .35
[13:29] {dino} ipi ron l break of .50 these are getting bids
[13:30] {dino} out mos .35, +.60
[13:32] {Threei} ARBA, 1:3, 30 cents as foretold
[13:32] {Threei} predicted
[13:32] {Threei} foreseen
[13:32] {Threei} propheted
[13:32] {nemo} gag
[13:32] {Threei} nostradamused
[13:32] {Threei} read on tea leaves
[13:32] {nemo} chicken bones
[13:32] {Threei} coffee residue
[13:32] {nemo} yarrow sticks
[13:32] {Threei} chickem entrails
[13:33] {nemo} astrology
[13:33] {Threei} bat earbones
[13:33] {nemo} numerology
[13:33] {dino} future
[13:33] {nemo} kabalah
[13:35] {magoo} deer droppings
[13:36] {Threei} I have better one
[13:36] {Threei} bear droppings
[13:37] {Threei} because that's all last remaining bears do
[13:37] {Threei} while running from bulls
[13:41] {Threei} OK, I seriously regret canceling that LVS short
[13:41] {nemo} jerk
[13:41] {shorty} I second that
[13:42] {nemo} omg a pullback?!!!!
[13:46] {nemo} scalped fas from .20 -.34
[13:47] {dino} gj
[13:47] {nemo} gotta' change my underwear
[13:49] {dino} cetv s .84
[13:51] {dino} sxci
[13:53] {Threei} USD/CNY Goldman Chief Economist: China could strengthen CNY by 2-5% as early as next week
[13:56] {dino} mos drop
[13:57] {dino} vol
[13:57] {nemo} it's at 200 ma
[13:59] {shorty} would you look for a reversal around here Threei, on LVS?
[14:04] {Threei} not really
[14:04] {Threei} pretty chaotic
[14:04] {Threei} even in retrospect it doesn't look clear
[14:06] {Threei} BPOP... again
[14:06] {shorty} It does look choppy.
[14:09] {dino} cetv stopped -.15
[14:12] {Threei} 30% Expect More Hurricanes This Year
[14:12] {Threei} since when public has any insight into such matters?
[14:12] {magoo} 70% do not
[14:12] {Threei} let's see if I possess supernatural powers
[14:13] {Threei} I do not expect any earthquakes in my area in the next 5 sconds
[14:13] {shorty} I was almost caught in Hurricane Floyd. It was scary.
[14:13] {Threei} wow... I do possess them
[14:13] {Threei} no earthquake
[14:14] {Threei} anyone wants me to predict no earhquakes or huricanes or tornadoes at your location in the next 3 miutes?
[14:14] {magoo} i do i do
[14:14] {shorty} Calgary.....what do you have?
[14:14] {Threei} hurry up, when masses learn about my abilities you won't stand a chance to get me for any money
[14:15] {Threei} mags, you go it
[14:15] {Threei} look at your watch
[14:15] {Threei} 5 min from now, report back pls
[14:15] {magoo} ok, at 14:20
[14:15] {Threei} 3 min I predict, and 2 -bonus
[14:15] {Threei} for FREE, yes, you heard it right
[14:17] {shorty} Speaking of free Threei, when does my money back guarantee expire?
[14:18] {Les} your a cheeky mug shorty
[14:18] {shorty} I try
[14:20] {Threei} what guarantee?
[14:20] {Les} Vad, AIG be testing 40 many times in last two days. you see a short in it here?
[14:20] {Threei} what money?
[14:20] {Threei} where is back?
[14:20] {dino} cetv s break .00
[14:20] {shorty} lol
[14:20] {Threei} not really Les
[14:21] {Threei} it broke it both ways many times
[14:21] {Threei} on daily this level looks like of some significance but in fact, nah
[14:22] {shorty} Thoughts on ENTG Threei?
[14:22] {shorty} Never mind it broke .88
[14:22] {Threei} this is very wierd one shorty
[14:22] {Threei} look at this for instance
[14:23] {Threei} 16 Feb 2010 15:29 [ENTG] UPDATE: Davidson Cuts ENTG to Neutral from Buy, price target: $6
[14:23] {Threei} 14 Apr 2010 09:47 [ENTG] Hearing DA Davidson upgrades to Buy from Neutral (timing uncertain)
[14:23] {shorty} That is weird.
[14:23] {Threei} can you put it together?
[14:23] {Threei} I can't
[14:23] {Threei} mid Feb, stock trades at about 5.50
[14:24] {Threei} they downgrade it, and assign higher price, 6
[14:24] {Threei} two months later, stock is prsctiocally where it used tio be
[14:24] {Threei} they upgrade it
[14:24] {shorty} Is there a weird fundamental way they do things?
[14:25] {Threei} it just stinks
[14:25] {Threei} something about this whole story
[14:25] {dino} value added
[14:25] {Threei} I don't like to get in the middle of such things
[14:25] {Threei} lol dino
[14:28] {dino} sm l sxci .75
[14:30] {dino} cetv stopped again, thing is strong
[14:33] {Les} long aig .01 with tight stop
[14:36] {magoo} LZ LZ
[14:37] {Threei} LZ Ticking higher after FT Deutschland reports LZ not interested in acquiring Germany's Cognis
[14:37] {shorty} LVS...short set up?
[14:39] {Les} out lvs +.18
[14:39] {Les} gotta be quick shorty
[14:39] {Threei} I don't see it
[14:39] {Threei} quick or no quick
[14:40] {Threei} where did it look like short?
[14:40] {shorty} Asking now, before I jump into things. Even if it is paper trading.
[14:41] {shorty} At 14:36, 14:37 I was looking at the T&S, it looked like it was losing steam.
[14:42] {ese} Outta here all cya tomorow
[14:42] {shorty} bye
[14:42] {RonS} cya ese
[14:44] {Threei} take care ese
[14:44] {Threei} shorty... I'd suggest to use chart as starting point for setup identificaon,
[14:44] {Threei} T&S is not a primary consideration
[14:45] {shorty} I know my set ups are horrible. I geuss if you look at LVS now, that would have been a lucky guess.
[14:51] {Threei} so, make a focus on this
[14:51] {Threei} setup identification
[14:51] {shorty} Looking at the chart gave me nothing for a set up.
[14:51] {Threei} let's turn your educatuion in oprganized process
[14:52] {shorty} k
[14:52] {Threei} stop floating with the current
[14:52] {Threei} you have MPP
[14:52] {Threei} start creating your trading plan using its template
[14:52] {shorty} yes...two copies, need one?
[14:52] {Threei} it's a workbook, not just a book to read
[14:52] {shorty} Serious, k
[14:52] {Threei} go over it step by step,
[14:53] {Threei} follow the instructions,
[14:53] {Threei} don't skip anything,
[14:53] {Threei} don't consider anything to be intuitive,
[14:53] {Threei} actually doing it is important
[14:54] {Threei} start the process of turning yourself into trader
[14:54] {Threei} conscious deliberate process
[14:54] {Threei} it will require certain changes in thinking,
[14:55] {Threei} in approach to what you do and what you are
[14:55] {Threei} MPP will yake you through it,
[14:55] {Threei} then videocourse will help finetune details
[14:56] {Threei} bit first and foremost:
[14:56] {Threei} take it seriously and make it daily work
[14:56] {shorty} I am subconsciously stubborn. If you know what I mean. I don't want to do it, but I need to get over that.
[14:56] {Threei} all my joking around is what you put on top of substance, it doesn't replace substance
[14:57] {Les} aig stopped
[14:57] {Threei} well, then it's your first test on the path of becominga trader
[14:57] {Threei} you want to be one - get over that
[14:57] {Threei} just like with any other profession
[14:58] {Threei} none of them kjust comes to you
[14:58] {shorty} Ironically, this is why I have not quit.
[14:58] {Threei} Toshiba Corporation Exec: to release tablet PCs later this year running on both Windows and Android operating systems
[14:59] {shorty} Wow, these tablet PC's are getting big.
[14:59] {Les} s cetv .88
[15:00] {Threei} Bank of Montreal (ADR) Plans to offer mortgages through outside advisors - Financial Post
[15:00] {Threei} - Plans to offer mortgages, credit cards and other banking products through a network of 15,000 outside financial advisers and insurance brokers to reach new customers. The move gives Toronto-based Bank of Montreal another channel to sell banking products while expanding insurance sales in a business that was bolstered by last year's $329.5-million purchase of the Canadian life insurance arm of American International Group Inc.
[15:00] {Threei} hmmm
[15:02] {dino} ioc sm l .00
[15:05] {Threei} NOEC Hearing takeover chatter at being circulated (timing uncertain) (1.79, +0.28, 18.54%)
[15:09] {dino} sxci to .96
[15:10] {dino} cagc, db or death?
[15:10] {dino} out sxci +.21
[15:10] {Threei} more feels like bounce to me dino
[15:10] {Les} stopped cetv
[15:10] {Threei} but won't be easy by any means
[15:11] {Threei} too thin to be easy :)
[15:13] {dino} who?
[15:13] {Threei} CAGC
[15:13] {Threei} [15:10] {dino} cagc, db or death?
[15:13] {Threei} come on man, I have an attention span of a moth myself, but question and answer were within the same minute!
[15:14] {magoo} what u tgalkin about vad}?
[15:14] {Threei} who's vad?
[15:15] {dino} ok
[15:15] {magoo} read on fcx vad
[15:15] {dino} you were right
[15:15] {Les} what news on CAGC vad, that it is getting its bottom smacked?
[15:15] {Les} out CAGC +.20 ty dino
[15:15] {Les} and vad
[15:15] {dino} gj
[15:16] {Threei} mags, I think up is more likely but have no particular setup to use here
[15:16] {magoo} make something up lol
[15:16] {Threei} lol dino, while we discussed what talked about what, les profited from it
[15:16] {Threei} (GR) World Bank President: Greek aid package does not fix the country's underlying issues
[15:16] {Threei} no really?
[15:17] {Threei} I don't see any fresh news for it Les
[15:17] {Threei} CA) Canada Fin Min Flaherty: global tax on banks is not a solution
[15:18] {dino} ipi l .20 stop lod
[15:22] {dino} :O
[15:24] {Les} s entg .89
[15:24] {Les} hey, AIG could no longer resist.
[15:26] {magoo} any read A I Gay vad?
[15:26] {dino} plcm
[15:26] {Threei} nah
[15:27] {Threei} can make a double bottom and bbounce, can break down again, 50/50
[15:30] {dino} plcm hires ms about sale
[15:31] {magoo} u see this move bpop vad?
[15:31] {Threei} I wish I didn't
[15:36] {dino} giddy-up
[15:41] {magoo} look GS vad
[15:42] {Threei} I don't want to
[15:42] {Les} aapl too
[15:42] {Threei} I caught enough of them today, exceeding recent averages by a good margin... don't make me feel ashamed I didn't catch ALL of them {G}
[15:43] {Les} no selling the news with INTC
[15:43] {nemo} no...this rally is locked in, barring some black swan
[15:43] {Threei} nope... normal solid bull market
[15:44] {Threei} quiet and confident
[15:44] {Threei} good luck to shorts
[15:44] {Threei} they'll need a lot of it
[15:44] {shorty} Thanks Threei
[15:45] {Les} need to get some ideas from crowd here for min. overnight trades, swing etc. got IB account back
[15:46] {Les} if ever there looks like an overnight hold trade.
[15:46] {Threei} why would you want overnight trades?
[15:46] {Les} cause I can't daytrade with this account
[15:47] {Threei} last reason to take overnight trade if you ask me
[15:47] {Les} fair enough
[15:47] {Les} I am looking and listening more closely to Bill's actions in PM's
[15:48] {Les} although a healthy pullback in the POG would be nice
[15:51] {dino} out ioc .38, +.38
[15:51] {Threei} one of the best day in a long while
[15:51] {dino} tlcr drop
[15:54] {dino} will be watching chems/ferts tomorrow
[15:54] {dino} they got beat up pretty bad
[15:55] {Threei} YUM is the only earnings today wrth mentioning
[15:55] {Threei} tomorrow we have GOOG
[15:56] {nemo} isrg
[15:56] {nemo} ge on 16th
[15:56] {shorty} good night all. See you tomorrow. Thanks Vad.
[15:57] {Threei} sure
[15:57] {magoo} isrg tonite?
[15:57] {Threei} no, tomorrow
[15:57] {magoo} SHORTY WAIT
[15:57] {nemo} tomorrow
[15:57] {shorty} k
06[15:57] * magoo slaps shorty around a bit with a large trout
[15:57] {shorty} ROFL
[15:58] {Threei} you expected any less from magoo?
[15:59] {shorty} I thought we were all going to meet at the strippers.
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {Les} thank you
[16:00] {magoo} VAD WAIT
[16:00] {Threei} lol
[16:00] {shorty} lol
[16:00] {Les} cheers
[16:00] {Threei} JBHT
[16:00] {dino} well started rough, but good afternoon
[16:00] {Threei} JBHT Reports Q1 $0.29 v $0.27e, R$845M v $797Me