Monday, April 19, 2010

Apr 19 2010

Very strong day, with longs on GS (for +$1), WFC (+.20 and .25), LVS (+.20), AIG, shorts on PALM and JPM... couple small stops didn't even make a dent. Congratulations to our gutsiest trader who hit over $3 run on GS on decent size.

Session Time: Mon Apr 19 00:00:00 2010

[02:40] {KSystems} Guten Morgen!
[08:22] {Threei} Goldman Sachs [GS] commented that the security probe had no broader ramifications for CDOs markets and reiterated that the SEC allegations were "completely unfounded". It did note that the SEC investigation focused on a single 2007 transaction and that SEC had been examining CDO market for the past 18 months
[08:23] {Threei} German Econ Min Bruederle commented that the Iceland volcanic ash crisis was threatening Germany's economic recovery
[08:25] {Les} *DING DONG* - delivery! 1 strong coffee for Vad Graifer
[08:25] {Threei} how do you know?
[08:26] {Threei} I need to check my office for bugs... coffemaker bleeped the same second you said hat
[08:28] {Les} I know I'd be killing for coffee at that time of the day
[08:32] {Threei} well... yeah... but coincidence was almost spooky :)
[08:33] {Threei} GS Paulson's Pelligrini told investigators that the deal being probed by SEC is the only customized CDO deal Paulson conducted with Goldman Sachs - CNBC (160.70, 0.00, 0.00%)
[08:33] {Les} no, no remotely operated cameras here. However, if you were sixteen and blond....
[08:34] {Les} oops, did I just say that?
[08:34] {Threei} interesting that you don't make gender distinction
[08:34] {Les} touché
[08:36] {Threei} IMMU Develops Novel Immunoconjugate for Targeted Delivery of siRNAs to Solid Cancers
[08:38] {fernp} Good morning everybody
[08:38] {Les} doctors appt. back after opening. no big gains please till I get back
[08:39] {Threei} fern :)
[08:52] {Threei} (FR) France official: Global economic recovery increases risks to imbalances
[08:52] {Threei} - G20 nations have to review strategies in order to tackle imbalances
[08:52] {Threei} - The economic impact of Basel 3 and of any tax on banks needs to be studied
[09:03] {ese} morning
[09:04] {Threei} ese :)
[09:05] {dptl} good morning
[09:05] {Threei} dp :)
[09:07] {nemo} gm
[09:08] {Threei} nemo :)
[09:11] {dino} gm all
[09:11] {Threei} dino :)
[09:13] {ese} HSIC dn $51......think that might qualify as a capitulation
[09:13] {RonS} gm gents
[09:14] {Threei} Ron :)
[09:14] {ese} ron
[09:14] {Threei} lol, what kind of fluke is hat
[09:15] {Threei} Sunday, April 18, 2010 9:44:11 PM
[09:15] {Threei} Henry Schein, Inc. Signed a 5-yr distribution agreement with Maayan Ventures' Redent Nova unit (Update)
[09:15] {Threei} - The agreement relates to Redent Nova's dental products.
[09:15] {Threei} that's last news on it
[09:15] {Threei} there are bids at 57 and 58.50
[09:15] {ese} someone is about to make alot of money......looks like its quoting bac up again58.50 by 60.86
[09:15] {dino} bad print
[09:16] {Threei} I'd assume 9 is erroneous prints and will be canceled
[09:16] {dino} 57-63.24 here
[09:16] {Threei} yes if you go by whole lots, and there are 50 share lots inbetween
[09:17] {Threei} 80 shares ask 60.86
[09:20] {Threei} doesn't whole volcanic ash debacle make you think how narrow the band of conditions we survive in is
[09:22] {lasertrev} morning
[09:22] {Threei} it's like the conditions allowing us to live on this planet are just a fluke - very thin, rarity in planet's history and can be taken away at the slightest caprice
[09:22] {Threei} trev :)
[09:23] {Threei} I don't think we need to worry about killing the planet - it will kill us much sooner tyhan we will be able to cause any noticeable damage to it {G}
[09:23] {shorty} good morning all
[09:23] {Threei} shorty :)
[09:23] {nemo} that's always been my point
[09:24] {nemo} 99% of all species that have ever existed are now extinct
[09:26] {ese} banks should theoretically take a beating of them is being investigated for fraud isn't it? can't remember which one
[09:26] {dino} gs
[09:27] {Threei} dino :)
[09:27] {Threei} lol ese
[09:27] {ese} ahhhhhhhh
[09:27] {Threei} not one of them - The One
[09:28] {Threei} skipping first minutes
[09:28] {Threei} want to see what transpires
[09:30] {RonS} China down big overnight on prop bubble prick
[09:30] {RonS} that would be the story w/o gs and the vol
[09:30] {Threei} yeah, tripple whammy
[09:30] {Threei} GS, China RE and Europe airlines
[09:31] {Threei} if you ask me, it's quite amazing we are down 18 points
[09:33] {ese} only 18......i was thinking huge opening to the dn side this morning
[09:33] {Threei} let's start thinking long on pullback
[09:34] {Threei} WFC, near .50 - .60
[09:34] {dino} dji -5, but most i follow off 1+
[09:34] {Threei} BAC, around 18.10
[09:35] {Threei} we are green ese
[09:35] {Threei} believe it or not
[09:35] {nemo} maybe they think it'll just be a slap on the writ
[09:36] {nemo} wrist
[09:36] {Threei} or not even that - accusations are to be proven yet
[09:37] {ese} what can you trust vad....sheesh
[09:37] {Threei} OK, pullbacks start
[09:37] {dino} ctsh sm l .75
[09:37] {Threei} you can understand my hesitance to buy breaks this morning
[09:38] {Threei} they didn't work even on Friday morning, before all this hoopla
[09:38] {Threei} after this spike though targets are probably a bit higher for entry
[09:38] {Threei} BAC around .20 - .25
[09:39] {Threei} WFC .60 - .65
[09:39] {Threei} but let's nopt go off pure numbers
[09:39] {Threei} let them get there, then establish firm bottom and narrow range
[09:40] {Threei} one ore sharp leg please
[09:40] {dino} pot 106
[09:41] {dino} ferts stinking again
[09:41] {nemo} reminds me of driving through the german countryside when farmers were spreading "liquified" manure
[09:43] {fernp} C, Vad?
[09:43] {Threei} should be scalpable off .70
[09:43] {Threei} most likely from just under
[09:43] {fernp} ok
[09:43] {Threei} I still have hard tome trusting breakouts
[09:44] {Threei} one more thing, btw
[09:44] {Threei} m aterials may be safer plays than banks today,
[09:44] {Threei} FCX for instance
[09:44] {Threei} looks half lot short
[09:44] {Threei} 80 break
[09:45] {Threei} if stays under .20
[09:48] {Threei} nope
[09:50] {Threei} ARBA lkooks salmonish
[09:50] {dino} all green
[09:51] {nemo} yeah, the financials are taking back what they lost on Friday...figure it's paper tiger talk
[09:51] {Threei} political don and pony show
[09:52] {Threei} wow ARBA
[09:53] {Threei} Long Setup: WFC 33 break
[09:53] {Threei} if stays above .95
[09:54] {Threei} out half
[09:54] {shorty} Out...ty Threei
[09:54] {Threei} scalpers just be happy
[09:55] {shorty} very happy right now
[09:55] {Threei} who partialled, 1/4 more out here
[09:55] {Threei} and offer last piece around .30
[09:55] {dino} ctsh to .15
[09:56] {Threei} GS dropping
[09:56] {dino} out ctsh +.40
[09:56] {shorty} nice dino
[09:56] {dino} ty
[09:57] {Threei} GS 160 break should help WFC for the last target
[09:57] {shorty} I sold all my 300 shares at .11, I bought at 33
[09:58] {Threei} sto b/e still
[09:58] {Threei} stop
[10:00] {Threei} US MAR LEADING INDICATORS: 1.4% V 1.1%E
[10:02] {shorty} LVS had a good run so far
[10:02] {Threei} stop to under .10 WFC
[10:03] {nemo} got that slow grind up day feel
[10:03] {Threei} LEN
[10:03] {Threei} LEN Hearing BofA/Merrill Lynch added to US 1 List (timing uncertain) (20.52, +0.13, 0.64%)
[10:04] {Les} awiav?
[10:04] {Threei} done with WFC for now
[10:04] {shorty} That was fun
[10:04] {Les} nice comeback for spy
[10:06] {Threei} getting pullbacks finally
[10:06] {Threei} hunt's back on,
[10:06] {Threei} BAC, around 18.30
[10:09] {Threei} underestimating strength eh?
[10:10] {Les} bouncing between 50 & 200 just now
[10:12] {dino} titn l .25
[10:14] {Threei} Short Setup: BAC .55 break if holding under .60
[10:14] {Threei} and opposite if market spikes
[10:14] {dino} xrtx l .00
[10:15] {Threei} in aggressively .58
[10:15] {Threei} stop under .55
[10:16] {nemo} thought it was a short?
[10:16] {Threei} [10:14] {Threei} and opposite if market spikes
[10:16] {Threei} two sided setup
[10:17] {RonS} cycc hod, big vol today
[10:17] {Threei} still sleeping nemo?
[10:18] {fernp} stopped BAC
[10:20] {Les} wfc for new hod b/o?
[10:21] {Threei} I doubt it
[10:22] {Les} aig
[10:23] {Les} pmi hod b(/o?
[10:23] {magoo} morn
[10:23] {Threei} mags
[10:23] {Threei} AIG did it traditional out of nowhere spike
[10:24] {Threei} PMI, I'd prefer entry on pullback to about .25
[10:24] {ese} have a look at the vrsn daily chart.......that thing is just cruisin to break through 27
[10:24] {Threei} breakout is toughie
[10:24] {Les} ahh ok
[10:25] {Threei} true ese
[10:27] {Threei} IMMU Hearing speculation circulating that FDA could grant fast track status to IMMU's Lupus drug (3.75, +0.15, 4.17%)
[10:27] {Les}
[10:27] {Les} is this what you call a flag?
[10:28] {Threei} rather triangle
[10:28] {Les} indicative of a break in any direction?
[10:29] {Threei} not really
[10:29] {Les} ok ty
[10:30] {ese} what egg zactally is fast track status anyway......
[10:30] {ese} some sort of priority over other products
[10:32] {Les} Dino, you got a take on MMR?
[10:33] {shorty} Would you play short WFC break of 33?
[10:33] {Threei} expedient FDA procedure due to importance of the drug in question
[10:34] {Threei} not really shorty
[10:34] {RonS} McMoRan Drops as Q1 Loss Widens, Natural Gas Production Outlook Cut Back
[10:34] {ese} well it seems to me that alchohol fits the same bill
[10:34] {Les} ty Ron
[10:35] {ese} rushing a new bear to market is a great idea
[10:35] {ese} beer
[10:35] {shorty} I second that ese
[10:37] {ese} Hey LES!!!!!!!!!!! theres a fellow in Como at the top of the mountain at the gondola station that brews his beer from mountain snow......smooth man real smooth
[10:37] {shorty} I will take a break and take the kids to the zoo. Finally a gorgeous day in cowtown. Will see you guys this afternoon.
[10:38] {ese} see ya shorty
[10:38] {Les} You made good use of your time in Italy I see ese :)
[10:38] {RonS} is that why beer is yellow?
[10:38] {ese} ahhhhh hmmmmm good question
[10:38] {dino} titn out fLAT
[10:38] {Les} s wfc .98. sorry, ese's beer call distracted me
[10:39] {Threei} MMR Exec: Expect delay of up to one to one and a half years on Davy Jones well - conf call comments
[10:40] {ese} ok all lets go Long Sleemans "Honey Cream Ale"
[10:40] {Les} half out .88
[10:40] {Les} spy
[10:45] {Les} l abk .01
[10:46] {Threei} LVS
[10:46] {Threei} quick pullback closer to 23 for entry
[10:46] {Les} cover wfc +.04
[10:48] {fernp} YGE valid, Vad?
[10:48] {Threei} yes
[10:48] {Threei} nice looking one
[10:48] {Threei} with market help can even be capable of more than scalp
[10:49] {fernp} ty
[10:52] {Threei} LVS pulled back, now need market bounce top try and grab it
[10:52] {RonS} .ndx lod
[10:56] {Threei} US) Fed's Evans: Accomodative policy will remain for quite some time, not seeing much inflation pressure
[10:57] {Threei} YGE works nicely fern
[10:57] {Threei} SQNM Hearing Cantor Fitzgerald makes positive comments (timing uncertain)
[10:57] {fernp} yes, ty Vad
[10:59] {Threei} SQNM nice reaction
[10:59] {dino} mos db maybe
[11:01] {Threei} PRAN New Analysis of Phase 2a Clinical Trial Is Published in the Journal of Alzheimer's Disease
[11:04] {Threei} BKS Reportedly to provide an update of Nook e-book reader software this week
[11:04] {Threei} - update will include web browser and allow for gaming on the Nook.
[11:05] {Les} stopped abk
[11:07] {Threei} PALM Radio Shack stores are not selling Palm smartphones anymore - Sillicon Alley Insider (5.04, -0.55, -9.84%) (related RSH AAPL VZ S DT )
[11:08] {magoo} read AIG here vad?
[11:09] {Threei} not ready for another spike yet, I feel
[11:10] {Les} PALM break of 5 vad?
[11:10] {Threei} most likely, yes
[11:10] {Threei} I'd love to see small bounce first
[11:11] {Threei} to reinforce 5.05 resistance
[11:11] {Threei} or 5.10
[11:11] {Les} ok
[11:11] {Threei} whatever it is, would be nice to see it holding, then breaking support
[11:12] {Les} not shortable
[11:12] {Threei} it is here
[11:12] {Les} you know the routine. 10k on my account please
[11:12] {Les} nice b/d
[11:13] {Les} beautiful breakdown
[11:13] {Threei} very
[11:15] {Les} half out yge +.05 ty fern
[11:15] {fernp} :-)
[11:17] {magoo} FCX bounce time vad??
[11:17] {Threei} I think market is almost ready
[11:17] {Threei} and everything with it
[11:17] {Threei} FCX, LVS
[11:18] {Threei} WFC
[11:18] {Threei} WFC is .80 break trigger
[11:18] {Threei} LVS .75 break
[11:19] {Threei} FCX ,80 break
[11:22] {Threei} with this pullback, aggressive entries become preferrable
[11:22] {Threei} watch for market turn up
[11:23] {Threei} LVS will be .65 break if holdiong .60
[11:23] {Threei} FCX .80 break
[11:24] {Threei} ok market
[11:24] {Threei} time for stunning comeback
[11:24] {Threei} here we go
[11:25] {Threei} come on, you can do more
[11:27] {nemo} stop
[11:27] {Threei} ugh
[11:27] {Threei} totally looked like explosion
[11:27] {fernp} stopped LVS
[11:28] {Les} aig 39
[11:28] {nemo} market is changing
[11:29] {Threei} LVS rinse
[11:29] {fernp} yes
[11:30] {Threei} grrr
[11:32] {Les} aig 1:2
[11:32] {Les} out +.13
[11:33] {Threei} wtg
[11:33] {Les} big concentration of resistance here aig. could rocket following .20/.25
[11:34] {fernp} JPM , Vad?
[11:35] {Threei} one of weaker ones
[11:35] {Threei} I am not delighted
[11:35] {Threei} market turns up, so don't want to short it
[11:35] {Threei} and don't like long on a weak stock
[11:36] {Threei} GE) German Econ Min: There is no guarantee that airlines will receive subsidies for losses related to Iceland volcano ash cloud; need to loosen restriction on nighttime flying and weekend trucking to offset impact
[11:36] {Threei} - European transport ministers to hold videoconference at 1600GMT to discuss trucking rules.
[11:36] {Threei} - May take two weeks to cover air traffic schedules following cancellations.
[11:36] {Threei} getting whacked, JPM
[11:37] {fernp} out JPM +.17
[11:37] {Threei} shorted breakdown?
[11:37] {fernp} 45.04
[11:37] {Les} haha EU wants to sue Iceland now for volcano damage??
[11:38] {Threei} hmm?
[11:38] {nemo} that's too funny
[11:38] {Threei} where do you see that?
[11:38] {nemo} his head
[11:39] {Les} just playing with subsidy talk from German min.
[11:39] {Les} I know England is pissed with Iceland
[11:39] {Threei} oh, ok... I was hoping for the best joke of the year
[11:40] {Les} lol that would be too much
[11:41] {Threei} well, one of better jokes over the weekend was Iceland answering "when is your volcano going to stop erupting?" with
[11:41] {Threei} "well... is our debt forgiven/"
[11:42] {Les} hehehe
[11:45] {Threei} reversal attempt didn't succeed, more downside in order
[11:46] {Threei} Short Setup: JPM .80 break
[11:46] {Threei} if stays under .85 for scalpers, .90 for day traders
[11:49] {Threei} C Exec: Right now everyone is waiting for clarity on what capital requirements will be before deterimining when to reinstate dividends - conf call Q&A
[11:50] {Threei} 1:1 for day traders JPM
[11:52] {RonS} dino, ferts going natural
[11:53] {Les} someone abandoned MOS to the wolves
[11:54] {RonS} ...looks like a h&s breakdown, check the daily
[11:55] {Les} something like that. b/d from 56 nice
[11:56] {dino} brutal couple weeks for them
[11:59] {dino} bucy blood
[12:00] {Threei} need to see how end of dasy works of course, but so far, the selling is fairly contyrolled,
[12:00] {Threei} no panic, no get-me-out-now
[12:00] {ese} would agree with that sentiment
[12:01] {RonS} 1180 break would bring some panic. i have 1181 as downside target from the first hour range
[12:02] {dino} dji not meaningful, ndx, s/p more realistic
[12:02] {dino} resource plays seem to be getting clocked.
[12:02] {ese} I think that is the S&P dino
[12:05] {Threei} but DJI provides much better numbers for 11K parties
[12:06] {Threei} we may have a few of them on daily basis, as market dances around these levels
[12:08] {Threei} EU) ECB's Weber: Greece may need additional aid
[12:08] {Threei} lol
[12:09] {Les} who did they get aid from? I thought they'd manage to raise capital from the markets?
[12:10] {Threei} no they didn't
[12:10] {Les} oh
[12:10] {Threei} bond sales in USA failed, and market borrow rates were wy too high for them
[12:11] {Les} crap, and there is the fate of all European nations that need to borrow. UK, Spain etc
[12:11] {Threei} Portugal, Italy and Spain and major focus now
[12:11] {Les} Vad you got a read on MOS here?
[12:11] {Les} can't tell b/d or long entry on pullback
[12:11] {Threei} I still think short
[12:12] {Threei} 52
[12:12] {Threei} just would like better pronounced resistance level
[12:13] {Threei} no bounce
[12:13] {Threei} if you went for it, keep stop above .15
[12:13] {Les} s .99 small shares
[12:13] {Les} looking to cover .75
[12:14] {Threei} not greatly outlined resistance, I like better defined charts
[12:14] {Les} agreed
[12:14] {Threei} but with market this weak, we are not getting bounces good enough to form those
[12:15] {Threei} don't like this long hesitance... break of major support should produce better falls
[12:16] {Threei} tighten stop to above .10 IMO
[12:16] {Les} k
[12:16] {Threei} no need to get caught into vicious snapback
[12:16] {Les} out. don't like it
[12:17] {Les} and gotta do dinner
[12:17] {Threei} lol... you europians
[12:17] {Threei} doesn't concern you fern, you we like
[12:19] {fernp} nah, not too much
[12:19] {Threei} I meant you personally
[12:19] {Threei} is it bounce time for the market or not yet
[12:20] {Threei} we need little pullback, no new low,
[12:20] {Threei} then break of the high of this bounce
[12:20] {fernp} Spain is on the brink
[12:20] {dino} ctrp sm l .50
[12:20] {Threei} I know... together with Italy and Portugal
[12:21] {fernp} unemployment
[12:21] {fernp} is very high
[12:21] {Threei} let's keep LVS as bounce candidate
[12:21] {dino} ctsh sm l .45
[12:21] {Threei} and WFC
[12:22] {Threei} Long Setup: WFC .50 break
[12:22] {Threei} low of this pullback will be stop level
[12:22] {Threei} loss of .40 will invalidate setup
[12:24] {magoo} AIG vad, bounce??
[12:24] {dino} bucy sm l .50 ave
[12:24] {Threei} not sure mags
[12:24] {Threei} 50/50
[12:25] {Threei} if holding .50 and bounces, will be rather big
[12:25] {Threei} but I don't see easy trigger
[12:25] {Threei} maybe .60
[12:25] {Threei} stop is tight enough
[12:26] {Threei} setups are a little bit like jellyfish today
[12:26] {Threei} no clarity
[12:27] {Les} and nasty sting if mishandled
[12:28] {Threei} nah, just keep the stop... we don't touch those with too wide stops anyway
[12:29] {Threei} WFC is one of the better setups... cleanly defined trigger, tight stop and nice absence of overhead for about 15 cents at least
[12:29] {Threei} just need market cooperation
[12:30] {Threei} see how willing it is?
[12:30] {Threei} (US) Obama Administration to hold first meeting of debt reduction commission on 4/27
[12:30] {Threei} - Fed's Bernanke to testify before the committee
[12:31] {Threei} AIG invalidated
[12:31] {Threei} LVS moved more or less, but I never found clear entry
[12:35] {dino} out ctrp .00, +.50
[12:36] {dino} xrtx gap filled from march
[12:38] {Threei} mags
[12:38] {magoo} yes?
[12:38] {Threei} you may want to start hunting GS
[12:38] {Threei} that's your personal alert
[12:38] {Threei} and maybe jf
[12:38] {dino} ironically the ndx is taking the biggest hit -2.5% from thursday highs
[12:38] {Threei} the rest just stay away
[12:39] {Threei} this is not an alert for sane traders
[12:39] {Threei} WFC, half out
[12:39] {Threei} or take scalp
[12:39] {Threei} your choice
[12:39] {dino} dji rally
[12:39] {Les} out ty and in gs
[12:39] {Threei} I thought you went to cook dinner?
[12:40] {Les} sssh don't tell anyone
[12:40] {Threei} or you had to make some dough first? {G}
[12:40] {Threei} hey, that was not a bad pun... as far as bad puns go
[12:41] {Threei} sigh... not even mercy laugh... I don't like any of you
[12:41] {Threei} where is larisa
[12:41] {Les} sorry wasn't biting
[12:42] {Threei} she wouldn't laugh either but her I like nonetheless
[12:44] {Threei} first partial out GS
[12:44] {Threei} +.50
[12:44] {Les} out GS +.28
[12:44] {Threei} WFC well over 1:2
[12:44] {Threei} 1/4 more out
[12:45] {Threei} notice that with exception of Friday when almost every stock we touched turned into turd, WFC is our most reliable performer of late
[12:45] {Threei} offer 1/4 more GS here
[12:46] {Threei} out .75
[12:46] {Threei} +.85
[12:46] {Threei} mags? jf?
[12:46] {magoo} out nice call ty
[12:46] {Threei} :)
[12:46] {magoo} perfect really
[12:46] {Threei} no specific entry but that was not a call for anyone else
[12:47] {Threei} only for those who have a feel for this kind of movers
06[12:47] * Threei slaps jfjf64 around a bit with a large roll of cash
[12:47] {magoo} magoo runs
[12:47] {Threei} WFC stop for the last portion to under .60
[12:47] {Threei} where do think you are going?
06[12:47] * Threei slaps magoo around a bit with a large roll of cash
[12:47] {dino} out bucy .20, +.70
[12:49] {Threei} out last piece WFC .76
[12:49] {Threei} +.25
[12:49] {fernp} gj Vad
[12:49] {Threei} ty kind sir
[12:50] {Threei} getting bad in the groove after miserable Fri
[12:50] {Threei} back
[12:50] {Threei} last piece of GS, stop under 159 for now
[12:51] {dino} gj
[12:51] {Threei} had full dollar on it but also had other plans for it
[12:51] {Threei} ty dino
[12:51] {Threei} want to try and let it run
[12:51] {Threei} no risk, playing with house money
[12:51] {Threei} stop abput breakeven or profit about two bucks
[12:52] {Threei} look at intraday
[12:52] {Threei} does it have a look of returning to day high if market helps any?
[12:56] {Les} y
[12:59] {Threei} out
[13:00] {Threei} oh well, no two bucks for me
[13:02] {ese} nice one with wfc ladies and gentlemen.
[13:02] {Les} what about me ese?
[13:02] {Les} :D
[13:03] {Les} tough crowd today
[13:03] {Les} spy
[13:03] {Threei} GS Spokesperson: Fabrice Tourre still employed at Goldman, has made personal decision to take time off
[13:03] {dino} same les
[13:03] {Les} fas
[13:04] {fernp} WFC any read, Vad?
[13:05] {Threei} pure technicals wise, should be perfect bounce point
[13:05] {fernp} agree
[13:05] {Threei} but considering general situation with financials, I'd prefer to see GS/SPY leading
[13:05] {fernp} ok, ty
[13:06] {ese} ha ha ......ha ha les
[13:07] {ese} i'm assuming were referring to the gentleman part
[13:07] {ese} and dino
[13:07] {Threei} Les has indentity crisis, ese...
[13:09] {Les} I do believe an Australian citizen was officially recognised as neither male nor female last month
[13:09] {dino} :s
[13:09] {Les} welcome to the new world
[13:10] {dino} evolution, lol
[13:10] {dino} klic gap fill
[13:12] {Threei} WFC should be ready
[13:12] {Threei} 5 cents ranges recross routine
[13:16] {Threei} not this time
[13:16] {fernp} no go
[13:18] {fernp} PDCO any read, Vad?
[13:19] {Threei} .75 break short makes sense but don't count on much
[13:19] {fernp} ok
[13:23] {Les} l wfc .41. spy making higher hi and low, let's see if fas does
[13:23] {Threei} why not .35 cross?
[13:24] {Les} missed it. should have chased
[13:24] {fernp} took .37 here
[13:24] {fernp} stop under .30
[13:24] {Threei} that was a good entry fern
[13:25] {Threei} out yet or partialling?
[13:25] {fernp} out here .50
[13:25] {Les} half .50
[13:25] {Les} all out. pivot .51
[13:27] {Les} pmi crash and burn. db here?
[13:27] {Les} gs back to 159
[13:28] {Les} l gs.05
[13:31] {Threei} no read Les, confirmation level for DB is way too far
[13:31] {Les} ok
[13:33] {Les} stopped gs
[13:35] {magoo} AIG
[13:37] {magoo} fcx next
[13:37] {magoo} tyere is AIG news vad
[13:37] {Threei} no
[13:38] {Threei} AIG Moving higher after Congressman Cummings calls for probe of AIG-GS trades
[13:38] {Threei} here it is
[13:38] {Threei} how do AIG benefits from that??
[13:39] {RonS} ...Congressonal talk over weekend of forcing GS to give money to AIG...
[13:39] {Threei} seriously, anyone understands this connection?
[13:40] {magoo} RON is corret
[13:40] {Threei} sheesh... seriously??
[13:40] {magoo} AIG could benefit from GS scandal
[13:40] {RonS} USSRofA
[13:41] {Les} washington gets its pound of flesh to hide its own complicity
[13:41] {Les} or seeks it
[13:43] {Threei} unfreakinbelieavble
[13:43] {Threei} contract doesn't mean anything
[13:44] {Threei} laws are reversible
[13:45] {Les} out +.14 fcx ty mags
[13:46] {magoo} :)
[13:46] {Threei} good job guys
[13:47] {Threei} Ron, trust me... you don't even know how right you are
[13:47] {Threei} the resemblace is beyind scary
[13:48] {RonS} I know my history Vad, and political philosophy...just sayin, not bragging.
[13:48] {Threei} great to hear
[13:49] {RonS} rule of men v. rule of law...
[13:49] {nemo} steal a hook, hang as a crook; steal a kingdom, be made a duke
[13:53] {ese} ok.....considering going long NVDA like last friday
[13:54] {ese} patience grasshopper patience
[13:54] {magoo} vad, was there BIDU news? or they report tonite?
[13:55] {magoo} its pummeled
[13:56] {Threei} no report
[13:57] {Threei} no news
[13:57] {Threei} Lehman issues subpoenas to other financial firms as part of investigation into the cause of Lehman's collapse, including who may have been shorting the stock - CNBC
[13:57] {Threei} - Lehman subpoenas issued to ifirms including Goldman Sachs Group Inc., SAC Capital Advisors LP, Greenlight Capital Inc. and Citadel Investment Group LLC.
[13:57] {RonS} mags, you do know that Shanghai was down approx 4.5% last night?...
[14:04] {Threei} [IMMU] Reports Progress on Antibody-Drug Conjugate Development at Cancer Meeting
[14:04] {ese} L nvda .56
[14:11] {magoo} .
[14:11] {Threei} GM GM to repay $4.7B in govt loans well before June 1 target date - CNBC
[14:13] {Threei} nice entry ese
[14:14] {ese} tks
[14:16] {dino} gj
[14:16] {dino} fdx sm l .20
[14:19] {ese} wonder if it can hit 17
[14:21] {fernp} MEE is happy
[14:22] {Threei} I would say "we too are happy for YOUUUU", but noone appreciates my sense of humor today
[14:22] {fernp} lol
[14:23] {Threei} thank you
[14:23] {fernp} yw
[14:26] {Threei} if we close in green today and no new shocking news come out, I will be convinced of rally resumption
[14:28] {ese} out 1/2 5k .76 +.20 and change
[14:29] {Threei} wtg
[14:29] {magoo} GS big level 160
[14:29] {ese} out in full 5k more +.19
[14:31] {dino} gj es
[14:34] {magoo} GS
[14:36] {dino} giddy-up
[14:36] {Threei} I think things change folks
[14:36] {Threei} Fri shock wears off
[14:36] {RonS} from Market watch at 2:32: Investors grew more confident the fallout from U.S. regulators' charging Goldman Sachs (GS:$161.15,00$0.45,000.28%) might not be as widespread for gold and gold funds as initially feared, said Stephen Platt, an Archer Financial Services commodity analyst in Chicago.
[14:36] {Threei} market doesn't feel it's a reason for reversal anymore
[14:37] {Threei} and think of it:
[14:37] {Threei} over the weekend we had GS, China RE tightening and Europe airlines disaster
[14:37] {Threei} if we can close in green after all that, or even contain losses to insignificant nnumbers...
[14:38] {Threei} I'd say bears are back in thw world of suffering
[14:39] {dino} dropped roughly 2% on s/p, 2.5% ndx
[14:40] {dino} dai
[14:40] {dino} $4+ dai
[14:46] {Threei} The Goldman Sachs Group Inc Shares move into positive territory for the day after unconfirmed report circulates that the SEC's decision to move forward on charges was split 3-2 along political party lines
[14:46] {Threei} - Vote had Shapiro siding with the Democratic side; 3-2
[14:48] {dino} right now gs is saying, "how much to make this go away"
[14:49] {Threei} in my mind it's a bit different: GS saying "take whatever we offer now, or we will fight this for real and win - then you get nothing"
[14:49] {magoo} GS reports tomorrow a.m
[14:50] {Threei} yeah
[14:51] {magoo} could squeeze
[14:51] {Threei} imo... it will
[14:51] {magoo} 165 area
[14:53] {RonS} Ready to rock your world:
[14:54] {Threei} I believe it
[14:55] {magoo} im in GS 159.60
[14:55] {magoo} looking for squeeze
[14:55] {Threei} maybe lately this connection became less pronounced but I distnictively remember in my youth the earth shaking when thos erevealing clothes walked by
[14:57] {Threei} LVS
[14:58] {dino} out mos +.48
[14:58] {dino} out mos +.43
[14:58] {ese} gotta go....see you tomorow
[14:58] {Threei} if SPY breaks this resistance, LVS become .70 break lonmg
[14:58] {Threei} take care ese
[14:59] {dino} cya es
[15:00] {Les} haven't been able to get a toehold in gs. lots of shakeouts
[15:00] {magoo} i gave u the perfect entry 160
[15:01] {Les} yeh can see need to take trading out of house somewhere in the future
[15:01] {Les} been putting kids to bed
[15:01] {dino} out fdx .60, +.35
[15:01] {dino} back in ten
[15:01] {dino} opps, that was +.40
[15:06] {Threei} LVS over 1:1
[15:06] {Threei} nice to be on the right side of things today
[15:07] {magoo} i should put in a MOC sell vad
[15:07] {Threei} MOC?
[15:07] {magoo} mark on close
[15:07] {Threei} over 1:2 LVS
[15:07] {Threei} oh
[15:12] {shorty} Back, I assume I missed a good day?
[15:12] {Threei} quite
[15:13] {shorty} Had a fun day though.
[15:17] {magoo} resistance is 163..166..185
[15:18] {Threei} lol
[15:18] {Threei} eternal optimist
[15:18] {magoo} im in..this is live ciommentary
[15:22] {fernp} Good evening everybody. See you all tomorrow
[15:22] {Les} ciao fern
[15:22] {shorty} bye fernp
[15:22] {RonS} cya fern
[15:22] {Threei} take care fern
[15:22] {magoo} out 162.84
[15:23] {magoo} plus alot
[15:23] {magoo} 3.24 on 1200 shares
[15:23] {Les} not shabby
[15:23] {Threei} wtg
[15:23] {magoo} gonna looki to reload
[15:23] {shorty} wow
[15:25] {magoo} my type of trade
[15:25] {magoo} mojo..momo
06[15:25] * Threei slaps magoo around a bit with a large roll of cash
[15:25] {Threei} actually, let me correct that
[15:25] {magoo} see the 163 resistance vad?
06[15:25] * Threei slaps magoo around a bit with a large roll of cash
06[15:25] * Threei slaps magoo around a bit with a large roll of cash
06[15:25] * Threei slaps magoo around a bit with a large roll of cash
[15:25] {Threei} there
[15:26] {Les} got in a couple of times but not green for it. your 160 break was it.
[15:26] {Threei} don't go for 163 break mags
[15:26] {Threei} total gamble this time
[15:26] {Threei} profit taking at the eod is just as likely as short squeeze
[15:26] {Threei} if you seriously weant it, take small shares
[15:27] {Threei} but above all, preserve your profits
[15:27] {magoo} ya ya agree
[15:27] {shorty} what stock did you trade magoo?
[15:27] {magoo} slap him vad
[15:27] {Threei} look how much you made today, think how much you can give back without regret
[15:27] {magoo} i put the entire trade call in real time'
[15:27] {Threei} and decide that you don't go home with less than X
[15:28] {Threei} GS shorty
[15:28] {Les} tis a nice squeeze
[15:28] {dino} 30 minutes magoo, thats all
[15:28] {shorty} thanks
[15:30] {nemo} gotta' go, c u guys tomorrow
[15:30] {Threei} take care nemo
[15:30] {Les} ciao
[15:30] {RonS} cya nemo
[15:30] {dptl} good evening all
[15:30] {shorty} bye nemo
[15:31] {dino} cya =nemo, dp
[15:31] {Les} Is Nemo sick? why is he so quiet?
[15:31] {shorty} lol
[15:31] {Threei} bye dp
[15:32] {shorty} bye dptl
[15:32] {magoo} in 00 out .51
[15:32] {Threei} wtg
[15:33] {shorty} had a good day magoo?
[15:33] {magoo} ya ya
[15:33] {magoo} i get in a zone sometimes
[15:33] {magoo} can feel it
[15:33] {shorty} awesome, I hope to get there one day.
[15:34] {Threei} good is understatement of the week
[15:34] {Threei} mags killed it
[15:34] {magoo} took alot of pain
[15:34] {shorty} I love it.
[15:34] {Les} well if we could get a paging system happening here, I'd like to be in it too...
[15:34] {Threei} well mags, that's because you have different philosophy than I do
[15:34] {magoo} i mean, to get the feel...alot of hard lessons
[15:34] {Threei} yours is no pain no gain
[15:34] {Threei} mine is, no pain? Good!
[15:35] {Les} "Les....calling Les to GS please"
[15:35] {magoo} no vad...its more like "let a winner..WIN"
[15:35] {magoo} u more like"take the profit..u cant lose"
[15:36] {shorty} I have a hard time with letting a winner win, I get jittery.
[15:36] {Les}
[15:36] {dino} lol, more like live by the sword....
[15:36] {Les} haven't been able to get sunset like this yet
[15:36] {magoo} but ironically, we all let a loser crush us
[15:36] {magoo} which is the opposite
[15:36] {RonS}
[15:36] {magoo} except vad of course
[15:36] {magoo} qand dino
[15:37] {magoo} and dino
[15:37] {shorty} RonS, is that LEs?
[15:37] {dino} die by it
[15:37] {magoo} hes good stopper
[15:37] {Threei} no mags, I am all for letting them run, I jusy want to partial on the way
[15:37] {Threei} and protect profit
[15:37] {Threei} I hate letting profit turn into loss
[15:37] {shorty} Me too Threei
[15:37] {Threei} once it exceeds certain amount, I will keep it like bulldog the intruder's ankle
[15:38] {dino} we are all different, million ways, but i'm w/you on a profit going to loss, can't stand it
[15:38] {Threei} yeah, it's like slap in the face
[15:38] {magoo} slap?????
06[15:38] * magoo slaps Threei around a bit with a large trout
[15:38] {shorty} lol
[15:38] {Threei} lol
[15:39] {Threei} you saw me with GS today, +.50, .85 and tried to let the last one run, didn't even take full dollar
[15:40] {magoo} yours was a beauty vad
[15:40] {Threei} ty
[15:41] {magoo} your timing was perfect..straight up
[15:41] {Threei} that's how I like them... easy moneyh, no struggle
[15:41] {magoo} mine was straight up too tho
[15:44] {Threei} some profit takeing
[15:44] {Threei} not too much so far
[15:51] {Threei} Follow Up: Weber suggests Greece could ultimately need approx 80B in aid - WSJ
[15:51] {magoo} BAC rocked there
[15:55] {shorty} Have a good all, and see you tomorrow. Thanks Threei
[15:55] {shorty} night
[15:55] {Threei} take care shorty
[15:55] {Les} ciao
[15:56] {Threei} if I were a bear, this close would seriously worry me
[15:56] {RonS} dino, mos continues to work off the mat. good for a.m.
[15:56] {magoo} yea..all was in there favor today
[15:58] {Les} crap Vad, the MOS short that merited stopping out of became a fabulous long.
[15:58] {Threei} no kidding
[15:58] {Les} nope
[15:59] {magoo} ibm tonite
[15:59] {Les} tomorrow's another day. c u's then
[15:59] {Threei} IMB and STLD
[16:00] {Threei} the rest is small fish
[16:00] {dino} on it ron
[16:00] {RonS} ntrs
[16:02] {magoo} WOW ARRY
[16:02] {Threei} ARRY Signs pact for oncology with Novartis for devlopment of MEK Inhibitors; expects $45M upfront payment
[16:02] {Threei} - could receive $422M in additional payments from NV
[16:05] {Threei} AMGN Preclinical Study Demonstrated Anti-Tumor Activity in Mammary Tumor Model
[16:05] {Threei} PG *INCREASES DIVIDEND to $0.4818 from $0.44
[16:06] {dino} gn all
[16:06] {Threei} dino :)
[16:07] {magoo} ibm moving
[16:08] {Threei} nothing yet'
[16:09] {Threei} IBM Reports Q1 $1.97 v $1.93e
[16:09] {Threei} R$22.9B v $22.8Be
[16:09] {Threei} - Guides FY10 EPS at least $11.20 v $11.12e (guided "at least" $11.00 on 1/19)
[16:11] {Threei} ZION Reports Q1 -$0.57 v -$0.95e