Thursday, April 22, 2010

Apr 22 2010

Fair day with a few small stops and a lot of nice wins, ranging from scalps (DCTH, NYX) to daytrades (HBAN) to juicy wins on GS and AIG

Session Time: Thu Apr 22 00:00:00 2010

[08:10] {Threei} US) Preview: Initial Jobless Claims due at 08:30ET (12:30 GMT)
[08:10] {Threei} - Expectations for initial claims are 450Ke v prior week at 484K (range seen from 430K to 480K)
[08:10] {Threei} US) Preview: Mar Producer Price Index and PPI ex Food & Energy due at 8:30amET
[08:10] {Threei} - Producer Price Index MoM: 0.5%e v -0.6% prior; YoY expected at 6.0%e v 4.4% prior
[08:11] {magoo} j.asfvjE;Jjdsdkj
[08:16] {Threei} not sure... but DCTH certainly falls in that category
[08:30] {Threei} *(US) MAR PRODUCER PRICES M/M: 0.7% V 0.5%E; PPI EX FOOD & ENERGY M/M: 0.1% V 0.1%E
[08:30] {Threei} - PPI YoY: 6.0% v 6.0%e
[08:30] {Threei} - PPI Ex Food & Energy YoY: 0.9% v 0.9%e
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 456K V 450KE; CONTINUING CLAIMS: 4.646M V 4.600ME
[08:33] {strider} 08:26 EDT DRYS
[08:33] {strider} DryShips 10M share Secondary priced at $6.00
[08:33] {strider} Deutsche Bank acted as sole book running manager for the offering.
[08:34] {Threei} LIOX Firm and IBM Announce Partnership to Accelerate Development and Commercialization of Real-Time Translation Automation
[08:34] {Threei} - Announced a partnership agreement to accelerate development and commercialization of automated translation technology by leveraging innovative statistical algorithms that instantly translate content and communications such as Web pages, documents, customer support, user generated content, instant messages, blogs and e-mail, so people can communicate in their native languages.
[08:48] {Threei} (GR) Hearing chatter Greece investigating methods of restructuring debt without triggering default (related NBG EUR/GBP EUR/USD )
[08:52] {Threei}
[08:59] {Threei} ECB economist Trabandt: US has far more scope to increase tax income than the euro zone's core countries
[08:59] {Threei} - US could "increase tax revenues by 30% by raising labor taxes and 6% by raising capital income taxes.
[08:59] {Threei} - Labor abour tax increases in Denmark and Sweden would only end up losing them money
[09:01] {strider} Tradbandt can ESAD.
[09:02] {nemo} ESADMF
[09:02] {strider} I was trying to be nice.
[09:02] {fernp} Good morning everybody
[09:03] {Threei} fern :)
[09:03] {Threei} he has more to say:
[09:03] {Threei} Spain could raise 13% more tax revenues by raising labour taxes but only 2% by raising capital taxes.
[09:03] {Threei} - For Germany numbers were 10% and 2%, France 5% and 0%, while for Italy it was 4% and 0%
[09:03] {Threei} - Study found that some countries face the bleak prospect of not being able to raise tax incomes at all. "Denmark and Sweden are on the "wrong" side of the Laffer curve for capital income taxation
[09:03] {strider} WASHINGTON President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
[09:04] {nemo} Once it's in, it's an invisible tax they can increase at will
[09:05] {strider} I already long for the halcyonic 20th century.
[09:10] {dptl} good morning
[09:10] {Threei} dp :)
[09:12] {shorty} good morning all
[09:12] {Les} just read the article vad. Obama as gangster was not the presidential authority I had in mind to clean up this mess
[09:12] {Les} morning all
[09:13] {Threei} shorty, les :)
06[09:13] * nemo slaps Les around a bit with a large trout
[09:13] {Threei} some of us saw that in advance les
[09:13] {Les} hey hey! we're awake today
[09:13] {Les} you been sick nemo?
06[09:13] * nemo slaps shorty around a bit with a large pair of shoe lifts
06[09:14] * strider slaps Les around a bit with a large Value-added TAX
[09:14] {Threei} and were beaten sensless when dared to say something negative about that choice
[09:14] {Les} ha. I know what they are strider!
[09:14] {Les} welcome to the club
[09:15] {strider} Time for a bigger tea party.
[09:15] {shorty} grumpy thins morning nemo?
[09:16] {dino} gm all
[09:16] {vasilisa} gm all
[09:16] {Threei} kidding shorty? this is nemo at his smilest
[09:16] {ese} morning
[09:16] {shorty} lol
[09:16] {Threei} dino, vasilisa, ese :)
[09:16] {ese} dino vasilisa
[09:16] {ese} vad
[09:16] {ese} dude
[09:17] {Threei} as of this morning, I have one regret that probably overshadows even decision to marry
[09:17] {Les} must be serious
[09:17] {dino} lol all who voted obama, his big lie no tax increases for under 250k income. he hits all w/vat
[09:17] {RonS} gm all...BAX all blowed up
[09:17] {Threei} came back from a walk yesterday, had a look at DCTH after it oepened after halt, and saw it available at 11.80 - and didn't buy
[09:18] {Threei} Ron :)
[09:18] {dino} bax, cs, dcth, qcom, ebay, esi (watch apol), watch cagc gap around 17.40
[09:18] {Threei} watching DCTH (bitterly) and LIOX
[09:18] {dino} 3i, i must thank you on that, hit 11.40 to 12.95
[09:20] {Threei} wtg :)
[09:20] {Threei} now, here is a complaint of another kind:
[09:20] {Threei} IMF's Stauss-Kahn: Recovery has come faster and sooner than expected
[09:20] {strider} Pizzas down today.
[09:20] {Threei} "what do we do?? what do we do??"
[09:21] {strider} downgrades only.... prices are up.
[09:21] {strider} eat more chicken?
[09:23] {strider} MBT running on backup.....again.
[09:23] {RonS} BX
[09:25] {lasertrev} good morning
[09:25] {Threei} trev :)
[09:26] {RonS} ...anyone know when the O starts speech?
[09:27] {magoo} morn trevmount
[09:27] {magoo} hey vad, keep 1 eye on DCTH
[09:27] {Threei} 09:18] {Threei} watching DCTH (bitterly) and LIOX
[09:28] {magoo} last nite hallt, gap open 13.50...down 10.80 and climb to 14.50
06[09:28] * Threei slaps magoo around a bit with a large attention-getter suspiciously shaped as 2x4
[09:28] {Threei} 09:17] {Threei} came back from a walk yesterday, had a look at DCTH after it oepened after halt, and saw it available at 11.80 - and didn't buy
[09:28] {magoo} i did, exactly 11.80 out 13 even
[09:28] {Threei} dino, if you can put your elbow in his ribcage on my behalf, please
[09:29] {Threei} I'll owe you one
[09:29] {jfjf64} mornin
[09:29] {Threei} jf :)
[09:30] {dino} consider it done
[09:30] {Threei} thank you
[09:31] {jfjf64} vxx
[09:32] {magoo} NFLX
[09:32] {magoo} pow
[09:33] {strider} RMBS
[09:34] {magoo} AIG
[09:34] {Threei} EXEL Hearing Dealreporter speculates EXEL could be a takeover target (6.03, 0.00, 0.00%)
[09:35] {jfjf64} aig mind of its own
[09:35] {dino} pot gap fill
[09:36] {strider} WFC
[09:36] {strider} upgrade
[09:37] {magoo} SNDK
[09:37] {magoo} SNDK
[09:38] {Threei} Long Setup: HBAN .65 break if stays above .60
[09:39] {magoo} in
[09:40] {nemo} yeah
[09:40] {Threei} somewhat unusual one: ACTU
[09:40] {Threei} practically no volume but look at daily for 6 break
[09:40] {nemo} s mos .39
[09:41] {nemo} 1/2 out .31
[09:41] {Threei} US) Preview: March Existing Home Sales due out at 10:00ET
[09:41] {Threei} **consensus expectation: 5.3Me v 5.02M prior
[09:41] {Threei} - estimates range between 5M to 5.5M
[09:42] {Threei} HBAN 1:1
[09:42] {Threei} half ot
[09:42] {Threei} scalpers know what to do
[09:42] {fernp} ty Vad
[09:42] {Threei} sure thing
[09:42] {nemo} flat mos
[09:43] {magoo} out ty (am i scalper vad?)
[09:43] {shorty} Thanks Threei.
[09:43] {Threei} shorty - wlecome, magoo - you really gotta deal with that identity crisis
[09:44] {Threei} 1:2
[09:44] {shorty} you guys alone are worth the monthly premium in this room
[09:44] {magoo} really
[09:44] {magoo} sigh
06[09:44] * Threei makes a point to charge shorty double
[09:44] {shorty} lol
[09:44] {ese} rats...missed your hban call vad....nice one
[09:45] {Threei} awww
[09:45] {Threei} ese, you really should take me off ignore
[09:45] {magoo} dow red 104
[09:47] {dino} ctrp, ter green
[09:48] {ese} lol
[09:48] {Threei} over 1:3
[09:48] {Threei} out in full
[09:48] {dino} sm l ctrp .31
[09:49] {dino} an sm l .50
[09:49] {Threei} 1:4, without me
[09:50] {nemo} stop looking at it and find someting else
[09:50] {shorty} lol
[09:50] {Threei} but I like its look
[09:51] {Les} don't dislocate your shoulder so early in the morning
[09:51] {Threei} good idea, i still hurts from yesterday
[09:51] {Threei} Long Setup: WFC .85 break
[09:52] {nemo} damn misse it
[09:52] {Les} fas
[09:52] {dino} wso
[09:52] {dino} fcx
[09:54] {Threei} Euro vs US Dollar Euro weakness attributed press report that German FDP expert believes that Greece must weigh EMU exit
[09:54] {Threei} ***Note: ECB's Trichet has stated on many occasion since Jan that talk of any member leaving EMU was 'absurd'
[09:54] {Threei} absurd eh
[09:55] {Threei} HBAN sharp pullback
[09:56] {Threei} WFC no go
[09:56] {magoo} SNDK was THE one
[09:57] {RonS} ffiv
[09:57] {dino} well greece needing $ two months ago was absurd too
[09:58] {Threei} and banks never needed to raise any more capital
[09:58] {Threei} until they did
[09:58] {Les} and everything is ok
[09:58] {ese} agreed mags....had my eyes on it......
[10:00] {Threei} US) MAR EXISTING HOME SALES: 5.35M V 5.3ME
[10:00] {Threei} *(US) FEB HOUSE PRICE INDEX: -0.2% V -0.2%E
[10:00] {dino} i caused that exist sales jump, lol
[10:00] {ese} Lgild .41
[10:01] {Threei} good job dino!
[10:01] {dino} foreclosure gone in 1 hour
[10:01] {Threei} now, did you help Mexico too?
[10:01] {Threei} MX) MEXICO FEB RETAIL SALES: 2.3% V 1.3%E
[10:01] {Threei} AIG...
[10:01] {Threei} .35 maybe
[10:01] {magoo} he did vad, stuffing his favce w/tacos
[10:01] {Threei} lol
[10:01] {Threei} with stop under .20
[10:01] {dino} no scared to go there
[10:02] {Threei} very discretionary call
[10:04] {dino} esi blood on great earnings and raises guid
[10:05] {jfjf64} sndk
[10:05] {ese} out gild .49 +.09
[10:05] {jfjf64} ton of set ups
[10:05] {jfjf64} keep watchin
[10:05] {dino} aos sm l .54 ave
[10:05] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:06] {jfjf64} dont deni vol
[10:06] {Les} took aig for the scalp .45 ty
[10:06] {jfjf64} vol vol vol
[10:07] {dino} wow xrtx again
[10:08] {Threei} GS...
[10:08] {Threei} .50 break
[10:08] {fernp} do we have stop, Vad?
[10:09] {fernp} or close my eyes?
[10:09] {Threei} lol
[10:09] {jfjf64} stop where
[10:09] {Threei} so far under .30
[10:09] {jfjf64} gs
[10:09] {jfjf64} ty
[10:10] {magoo} NFLX going thru 10 bux inevit
[10:11] {Threei} 1:1
[10:11] {dino} algt sm l .75
[10:11] {Threei} 1:2
[10:12] {Threei} 1:4, my a$$ is out
[10:12] {dino} wtfg dude
[10:12] {Threei} ty
06[10:12] * Threei slaps jfjf64 around a bit with a large roll of cash
[10:13] {Les} vad did you buy the break or at .50 before the rocket launch?
[10:13] {Threei} no, got .55 after the break
[10:13] {jfjf64} ya da MAN YOU DOG
[10:13] {Les} ok, shit shoulda chased.
[10:13] {dino} woof
[10:13] {Threei} rufff
[10:14] {magoo} out gs 158 ty boss
[10:14] {magoo} fl
[10:14] {Threei} welcome sir
[10:14] {Les} in HBAN since .71. looks like slow grind up
[10:15] {magoo} its got more
[10:15] {jfjf64} TY TY
[10:15] {jfjf64} yes
[10:15] {Threei} wow... double lot or what, lol
[10:15] {Les} cagc
[10:16] {jfjf64} lol lol
[10:16] {fernp} can i open my eyes, vad?
[10:16] {fernp} ty :-)
[10:16] {magoo} UAUA launchg
[10:19] {Les} sndk consolidation
[10:19] {dino} ferts stinkin'
[10:21] {dino} ctrp to .71
[10:21] {Les} esi bottoming out
[10:21] {dino} an to lod
[10:21] {dino} wanted 112 esi
[10:22] {dino} gr spike
[10:26] {dino} giddy-up
[10:27] {nemo} 1/2 out sndk
[10:27] {Les} +.20 esi on pullback watching 114 break
[10:28] {ese} L gild .40
[10:29] {nemo} all out .60 .20
[10:29] {RonS} ter it up
[10:30] {Threei} USD/CNY (US) US Senator Graham: Not content with just a 'small' changes in the Chinese Yuan
[10:30] {ese} out gild .51 +.11
[10:30] {Threei} Long Setup: AA .75 break
[10:30] {Les} lol love these guys and their contentment
[10:31] {dino} aos to .22
[10:31] {dino} ctrp to .01
[10:31] {fernp} .69 stop, Vad?
[10:31] {Threei} sure
[10:32] {dino} out aos .22, +.68
[10:32] {dino} out ctrp .01 +.70
[10:32] {Threei} ugh
[10:32] {fernp} stopped
[10:32] {Threei} thank you moody
[10:32] {Threei} what timing
[10:33] {dino} shocking
[10:33] {dino} buy thevdips imo
[10:34] {Threei} rinse
[10:34] {Les} heck yeh
[10:35] {Threei} just one opf those things - this hadline had to come in a few seconds after our entry
[10:35] {Les} same entry?
[10:35] {Threei} nah
[10:36] {shorty} bck in a bit
[10:38] {Les} l esi .92
[10:39] {fernp} PCX 22 break, vad?
[10:40] {Threei} probably... a bit on a thin side though
[10:42] {Les} out esi + 1.00
[10:42] {Les} BITCHIN!
[10:44] {magoo} UAUA
[10:44] {dino} wtg les
[10:45] {Les} nice play you had there for me
[10:45] {Threei} LCC Discontinued discussions with UAUA (6.68, -0.08, -1.18%)
[10:45] {Threei} discontinued recent discussions with UAL Corporation (NASDAQ: UAUA) regarding a potential merger between the two companies.
[10:46] {dino} wcc
[10:47] {magoo} u watchin this uaua??
[10:47] {dino} lol les, the pulp trade
[10:47] {dino} cagc
[10:48] {Threei} watching but so what
[10:48] {Threei} I can't trade this
[10:48] {dino} wow ltm
[10:48] {ese} L nvda .399965
[10:49] {RonS} ltm - 10.4 mil sh short, 27.6% float
[10:50] {dino} that your phone # es
[10:51] {Threei} lol
[10:52] {Threei} (GR) IMF's Lipsky: Greece leaving the EU is not a serious option (related NBG EUR/GBP EUR/USD )
[10:53] {Threei} IMF's Lipsky, whispering: really, do they want us to carry it alone? no way
[10:53] {dino} perhaps its not serious to imf
[10:54] {ese} out nvda .46 +.06 and change 10k
[10:54] {ese} of the little buggars
[10:54] {Threei} wtg
[10:55] {ese} timing seems to be a little better today
[10:55] {ese} or of the two
[10:55] {Threei} were you offering it ese, or hitting the bid?
[10:56] {ese} offered it that time
[10:57] {Threei} - says its too early to discuss figures for Greece aid package.
[10:57] {Threei} no really?
[11:03] {Threei} patience better back off of her second part of the trip... Thailand looks like unfit place for that right now
[11:04] {ese} not to mention the bugs and viruses you can catch
[11:06] {ese} bstop pcar 46.15
[11:08] {ese} fill .14
[11:10] {KSystems} hi
[11:10] {fernp} VMED breaking .80
[11:12] {Threei} yesterday's high too
[11:12] {Threei} KS :)
[11:12] {fernp} stop is under .70
[11:13] {ese} dino you checked out qcom at all today
[11:14] {dino} on screen, db?
[11:14] {ese} they beat earnings and revs and have had the crap kicked out of them
[11:14] {ese} yes
[11:15] {dino} guid sucked
[11:15] {dino} 38.75 area?
[11:15] {Threei} DNDN Hearing vague chatter FDA could respond favorably on Provenge
[11:15] {Threei} - Note: FDA meeting is scheduled for May, and JP Morgan made positive comments on 4/13
[11:17] {fernp} KG short, Vad?
[11:19] {Threei} hard to tell
[11:19] {Threei} chart looks short,
[11:19] {Threei} but it had quite negative news lately
[11:19] {Threei} and didn't really panic
[11:20] {Threei} yesterday's selloff is not a hard dump
[11:20] {fernp} ok ty
[11:20] {Threei} can't really tell...
[11:21] {shorty} b/o URI 12 Threei
[11:21] {dino} qcom sm l .25
[11:22] {shorty} too thin
[11:23] {Threei} 50/50 shorty
[11:23] {shorty} TCB has a nice trend
[11:23] {shorty} ty Threei
[11:26] {dino} poor raven
[11:26] {nemo} ?
[11:27] {dino} kicking him
[11:27] {dino} worse than trout
[11:27] {Threei} chanserv has mind of his own, you know
[11:27] {Threei} yesterday he was kicking out KS
[11:27] {Threei} his creator
[11:27] {dino} understandable
[11:27] {magoo} now watch raven enter room under new namme "black bird"
[11:28] {magoo} and f'bomb us lol
[11:28] {dino} tweet
[11:28] {Threei} I suspect KS programmed him to like bossing people around
[11:31] {dino} sold!
[11:33] {shorty} I am afraid Raven will turn into Dawg.
[11:35] {dino} nevermore
[11:35] {Threei} (CA) BoC's Carney: Still believe Canadian housing market will slow down over the course of 2010; temporary factors have recent raised inflation
[11:35] {Threei} - expecting Q1 to exhibit considerable growth; CAD assumptions in report do not imply a forecast
[11:35] {Threei} - Growth has been increasingly dependent on productivity; expecting higher business investment in the coming months
[11:36] {shorty} I would like to buy a rental property, I guess I should wait.
[11:38] {RonS} ...hearing Bam speech at top of hour w/ Bankfiend in attendance (strapped to the whipping post?)
[11:38] {Threei} lol
[11:38] {ese} stopped pcar . 91 -.24
[11:38] {dino} in usa shorty do not wait any longer
[11:39] {shorty} Where would be a good place in the US to buy and rent out?
[11:39] {dino} close to where you live, imo
[11:39] {strider} Hickory, NC. Matter of fact, I have one to sell you.
[11:40] {shorty} I was thinking SoCal, near a school.
[11:40] {dino} lol, i have one in myrtle beach i'll sell you
[11:40] {Threei} do I get my cut?
[11:40] {dino} w/razor
[11:40] {dino} esi lod
[11:41] {shorty} Or Detroit dino. I wonder if it comes boarded up or not.
[11:42] {shorty} Is that a d/t on TCB?
[11:42] {RonS} omg, the bird has landed...welcome Raven...
[11:42] {dino} hear they go for about 20k in detroit
[11:43] {shorty} Pay cash and wait.
[11:43] {dino} esi 112s
[11:43] {Raven} lol ... hi Ron ... been setting up #RT on new machine ... what a nightmare
[11:43] {Raven} logging in and out
[11:48] {dino} mossback, mos, trying for green
[11:52] {Threei} (US) President Obama: Senate and House versions of the financial regulation overhaul are a "significant improvement" to current rules, reforms are "absolutely necessary"
[11:53] {Threei} - Some huge executive bonuses stoked "perverse incentives" for bankers to take reckless risks, these must change.
[11:53] {Threei} - Seeing hopeful signs in the US economy.
[11:54] {magoo} why is mkt liking reform??
[11:55] {Threei} derivatives market needs transparency, to be conducted "in the light of day."
[11:55] {RonS} gs
[11:57] {RonS} ...cannot believe that O said he predicted the recession in 2007...
[11:57] {shorty} really?
[11:57] {Threei} why?
[11:57] {dino} well he is all knowing and all seeing
[11:57] {Threei} isn't he The One?
[11:57] {Threei} what is so suprizing for you ron?
[11:57] {dino} lol, matrix
[11:57] {shorty} I predicted it
[11:57] {shorty} not him
[11:57] {dino} the name was neO
[11:58] {RonS} just amazes me that politicians are such shameless liars
[11:59] {dino} why does it amaze you? its been that way my whole life
[11:59] {nemo} it's a prerequisite for the job
[11:59] {dino} egomaniacs
[11:59] {magoo} obama made 5.2 million in 09
[12:00] {magoo} says hes one of the people, poor
[12:00] {dino} poor guy
[12:02] {shorty} Funny that in my parents town, back in the 60's, the richest person there was the priest.
[12:02] {shorty} Good money management skills I guess.
[12:04] {dino} or good at providing guilt
[12:04] {magoo} 2nd richest was the quior boy
[12:04] {shorty} lol
[12:04] {Threei} lol
[12:04] {jfjf64} all thieves
[12:05] {Threei} funny how word "derivatives" sounds like derogatory term
[12:05] {dino} all they are are options
[12:05] {Threei} "they used those (pause, voice becomes stronger) DERIVATIVES...":
[12:06] {Threei} VMED finally 1:1
[12:07] {fernp} yes
[12:07] {Threei} lol, look at this beaut:
[12:07] {Threei} (GR) Greek Officials: Markets appear to be pressuring for the activation of the EU/IMF debt package
[12:07] {ese} L pcar .93
[12:07] {dino} mos
[12:07] {Threei} fansy way to say "markets refuse to finance Greece"
[12:07] {Threei} - There is the possibility that the package may need to be activated sooner than previously estimated
[12:09] {shorty} WFC up
[12:16] {Threei} Long Setup: DCTH .20 break
[12:17] {nemo} or should we enter on melt
[12:17] {magoo} in
[12:17] {nemo} too late
[12:18] {Threei} most often these huge offer jobs are "try to grab last shares"
[12:19] {RonS} IMAX flagging for a break up?
[12:19] {Threei} most likely
[12:21] {Threei} needs market help of coursde, news effect wears off somewhat
[12:23] {magoo} AIG going
[12:26] {Threei} see how IMAX acts?
[12:26] {Threei} willing but needs market help
[12:27] {Threei} happily makes new high if market is kind enough to make couple upticks
[12:50] {Threei} JP) BoJ Chief Shirakawa: Bubbles do not develop without low rate expectations
[12:51] {Threei} - Monetary policy was not simply dictated by inflation during the crisis, was also influenced by politics
[12:57] {dino} es i pretty much halted qcom
[12:57] {Threei} with whole market
[12:57] {Threei} I knew it was fault of someone's in this room
[12:58] {dino} raven having a tough time
[12:58] {dino} ccmp
[12:58] {Threei} well, it was his choice to get new computer - as if there was anything wrong wioth that Commodore 64
[12:59] {dino} still running that 286 on dial-up
[13:00] {Threei} that's the way to go
[13:00] {Threei} 14.4 dial-up is a great speed
[13:03] {magoo} AIG
[13:04] {Les} wow esi. you in dino?
[13:04] {Threei} Long Setup: NYX .81
[13:04] {ese} that was a nice little 9 iron from 135 yards right on the pin.......sorry..... I mean out pcar .10 +.17.......feels the same anyway
[13:05] {Threei} if stays above .70
[13:05] {dino} lol es, was just thinking about golf
[13:05] {magoo} be something if they turn this mkt green vad
[13:06] {dino} they will by 2:00 pm
[13:06] {Threei} lol, I was just thinking: if we manage to close in green today, the screams of wounded bears will be heard on the moon
[13:06] {ese} I'm gonna make dn your way sometime around mertle beach a bit....Harbour Town?
[13:06] {dino} buy the dips
[13:06] {Les} aren't they dead already?
[13:06] {magoo} nemo NOt for sale dino
[13:07] {dino} some day es we will play a few rounds of golf
[13:08] {Threei} dino, see ICE?
[13:09] {Threei} push for derivatives (pardon my french) to be cleared seems to finally come to fruition
[13:10] {dino} hmmm
[13:10] {RonS} cme like ice
[13:10] {Threei} OK, you europians in the room, are you thinking of emigration yet?
[13:10] {Threei} GR) EU's Rehn: EU countries may be prepared to approve a bank tax in June
[13:11] {Threei} - ready to swiftly begin Greek aid package if mechanism is activated.
[13:11] {Threei} - believes Spain, Italy and Portugal will avoid any debt crisis
[13:11] {Les} esi 113
[13:11] {Threei} ok, Spain, Italy and Portugal are so done
[13:12] {Threei} "bank stability levy "
[13:12] {Threei} amazing how they don't see that it's a road into abyss
[13:13] {Les} fern, spanish banks still holding properties on their books than need to be written down?
[13:13] {Threei} the idea is: let's charge banks some levy, form a fund that will serve as cushion if they fail,
[13:13] {fernp} why don't you come to visit me, Vad?
[13:13] {Threei} so we can bail them out using that fund, not taxpayer money.
[13:14] {Threei} Great idea, right?
[13:14] {Threei} WRONG
[13:14] {Threei} if you read Freakonomics, you know why
[13:14] {Les} why?
[13:14] {RonS} actu broke 6.00
[13:14] {Les} I don't read freakonomics
[13:14] {Threei} perfect example of unintended consequences created by swrong motivations in that book:
[13:15] {Threei} kindergarten has a problem with parents being late to pick up kids
[13:15] {Threei} NYX 1:1
[13:15] {RonS} earth to 3i --- actu
[13:15] {Threei} teachers have to stay late, overtime, etc
[13:16] {jfjf64} ty
[13:16] {Threei} I see it Ron
[13:16] {dino} giddyup mos
[13:16] {Threei} I just can't call it officially with this volume... I emntioned it, you decide whether you like it
[13:16] {Threei} what does kindergarten do?
[13:16] {Threei} smart thing as they think:
[13:17] {Threei} they decide to start charging parents small fee for being late
[13:17] {Threei} what transpires is, cases of them being late explode
[13:17] {dino} supply side economics is the answer w/lower spending.
[13:17] {Threei} they start viewing it as a permission to buy additional time
[13:17] {Threei} at the reasonable price, too
[13:18] {Threei} before the fee they at least had feel of guilt that was eliminated by the charge
[13:18] {Threei} it became business transaction
[13:18] {Threei} I can play tennis 30 min more, then pick up my kid and pay for additional time
[13:18] {Threei} wrong motivation led to opposite result
[13:18] {dino} the basic problem i see, is that the more they collect in taxes the more they spend, and then they need more, etc
[13:19] {Threei} In exactly the same way, this levy will become a permission to take exdcessive risk,
[13:19] {Threei} since it's paid for in advance,
[13:19] {Threei} fail and be bailed out.
[13:19] {Threei} 'I paid in that fund, now I need it"
[13:20] {Threei} just wait and see it working as I described
[13:20] {Threei} and btw,
[13:21] {Threei} as any insurance, premiums can't bail out everyone
[13:21] {Threei} they are based on assumption that majority of cases go without ever requiring payment
[13:21] {Threei} this fund will increase amount of failures
[13:21] {Threei} and will run out of money faster than failures stop
[13:22] {dino} fdic example, went broke, banks took big risks
[13:22] {Threei} exactly
[13:22] {Les} esi is just beautiful
[13:22] {Threei} meawhile, customers pacified by knowledge that banks are "insured" will get caught once again
[13:22] {dino} where you in les
[13:24] {dino} shw animal
[13:27] {Threei} NYX almost 1:2
[13:27] {Les} hesitated and missed dino. got what I want from market and monitoring NYX so I dropped the ball
[13:27] {Threei} we had 2 small stops today, 5-6 cents,
[13:27] {Threei} and one of them was because of that idiotic headline
[13:29] {Les} yeh I might call it quits. good day. won't jinx it. ciao
[13:30] {dino} gj les
[13:35] {dino} ioc spikey
[13:37] {Threei} hmmm
[13:37] {Threei} I vote against Les leaving
[13:38] {jfjf64} me tooooooooooooooooooo
[13:38] {dptl} slakers :)
[13:38] {Threei} really
[13:38] {Threei} fern is in the same time zone, and look - still suffers here with us
[13:38] {Threei} nopt even speaking of vasilisa
[13:39] {fernp} true
[13:39] {Threei} who has 8:40 pm in her neck of the woods
[13:39] {dino} 1:40 here
[13:40] {Threei} 10:40 am here
[13:40] {shorty} 11:40
[13:41] {Threei} patience, I can't even begin to calculate her time right now
[13:41] {shorty} and -$4 for the day
[13:41] {shorty} -$42
[13:41] {Threei} hmm?
[13:41] {Threei} how do you manage to lose today??
[13:41] {Threei} those two stops wouldn't make even dent in profitable trades
[13:42] {Threei} outweighed by factor 10
[13:42] {shorty} Well........I tried out some of my techniques. = FAIL!
[13:42] {Threei} oh
[13:42] {dino} qcom stopped -.27\
[13:42] {Threei} I'd suggest to learn ours fitrst
[13:43] {Threei} then try cariations
[13:43] {Threei} variations
[13:43] {shorty} The only winner I took from you today wa HBAN, the rest of the time I was away when you called the others.
[13:44] {shorty} AA was a rinse
[13:44] {shorty} WFC was another rinse for me
[13:44] {dino} find your edge shorty
[13:44] {shorty} Can I take your dino?
[13:44] {Threei} no, I already took it
[13:44] {shorty} lol
[13:45] {dino} million ways (edges) just find "yours"
[13:45] {Threei} but look for it after you learned basics
[13:45] {Threei} it's simple:
[13:45] {Threei} there is foundation
[13:45] {Threei} and there are walls, roof etc
[13:46] {Threei} our approach is incredibly simple
[13:46] {Threei} very visual
[13:46] {Threei} and very basic
[13:46] {Threei} learn it,
[13:46] {Threei} then start builsing on it
[13:46] {Threei} building
[13:46] {shorty} no need to correct typo's Threei.
[13:46] {Threei} major understadning of what market is
[13:47] {Threei} and how to act in it
[13:47] {Threei} will be the same, no matter which varioation you eventually create
[13:47] {Threei} look a me and dino for example
[13:47] {Threei} on the surface, our merthods are almost opposite
[13:47] {Threei} I play trend continuation mostly,
[13:48] {Threei} solid liquid stocks
[13:48] {Threei} He oplays reversals mostly,
[13:48] {Threei} thin iliquid ones
[13:48] {nemo} how can they coexist in two states of matter at the same time
[13:48] {Threei} But that's on the surface.
[13:48] {Threei} In reality, they are both based on similar understanding'
[13:48] {Threei} and the same philosophy
[13:49] {Threei} talk to either of us separately about market and trading in general,
[13:49] {shorty} I like to try and range trade. I am trying to get a feel for it.
[13:49] {Threei} you will see that we are absolutely on the same page - even though our trading methods look different
[13:49] {shorty} Look at support and resistance.
[13:49] {Threei} what it tells you is:
[13:50] {magoo} ;rjgjrkrgjj
[13:50] {Threei} you can build different configurations of the walls and roof on the same foundation - IF foundation is solid
[13:51] {shorty} I think magoo is on to something
[13:51] {Threei} you noticed how day after day I hammer you on this theme? philosophy of the market
[13:51] {shorty} yes
[13:51] {Threei} he is... although I'd think it's rather ji'gjsotksmbouwyngjke
[13:51] {shorty} lol
[13:51] {nemo} magoo's off his meds again
[13:52] {Threei} thwere is a good reason for that
[13:53] {Threei} find any trader who is successful over long term,
[13:53] {shorty} Honestly, not many of them I think THreei.
[13:53] {Threei} you will find him willing to talk about general philosophy of the markets more than about particular method of entry, exit, stock picking,
[13:53] {Threei} in fact, this later theme will be almost a matter of shrugging for him
[13:54] {Threei} dismissed as insignificant
[13:54] {magoo} mitt grupen un fuerher
[13:54] {nemo} wow
[13:54] {Threei} it's newbies that think it's a biggest deal in learning to tarde
[13:54] {nemo} er ist ganz verrueckt!
[13:55] {Threei} (US) US Treasury Sec Geithner to hold high level meetings on international capital standards this week with Canada, France, China, and international Financial Stability Board (FSB); separate meetings with Korea, Brazil, others - CNBC citing senior US official
[13:55] {Threei} - official says Treasury has not yet decided on what capital ratios it will be pushing for
[13:55] {Threei} - Note; G20 meeting occurs this weekend
[13:56] {Threei} COMPX just went green
[13:56] {Threei} NDX next
[13:56] {dino} keep it simple shorty, support and resistance
[13:56] {RonS} m is laying some wood on the shorts
[13:56] {Threei} NDX green
[13:56] {shorty} What do you mean "biggest deal in learning to trade"?
[13:56] {Threei} DJI next
[13:57] {Threei} reread my 3-5 lines before that, this one is continuation
[13:57] {shorty} ty
[13:58] {dino} i said green by 2:00
[13:58] {Threei} 2 min more
[13:58] {Threei} come on Dow
[13:58] {Threei} you lazy cow
[14:00] {dino} mos .00 wall sheesh
[14:00] {Threei} SPY 1 cent till green
[14:02] {magoo} ill take a cheeseBEARburger medium please
[14:02] {dino} i will gladly pay you tomorrow for a hamburger today
[14:03] {nemo} just come up with a stock pick, enough of the ground beef bs
[14:03] {dptl} lol
[14:04] {ese} signing off's choir time......hmmmmmmmshould be miller time
[14:04] {dino} algt to .20
[14:04] {Threei} take care ese
[14:04] {ese} see ya
[14:05] {dino} mos to b/e
[14:05] {dino} cya es
[14:06] {shorty} bye ese
[14:06] {dino} to .30
[14:09] {dino} out algt, hours, .30, +.55
[14:10] {shorty} beauty dino
[14:10] {dino} tough one, random dancer
[14:11] {dino} mos needs to take out .00
[14:12] {dino} mos to .70
[14:13] {dino} screw it to .89
[14:14] {dino} out =.39
[14:14] {dino} +
[14:15] {dino} back in ten
[14:15] {shorty} It's easier to weigh your money then count it dino.
[14:17] {shorty} Do you see a set up with ZION Threei?
[14:20] {dino} the abuse i take
[14:21] {nemo} wa wa wa
[14:21] {Threei} more or less shorty
[14:21] {shorty} ty
[14:21] {Threei} if market spikes, I'd be interested in break
[14:22] {magoo} oh oh...i think dawg changed name to "nemo"
[14:22] {nemo} what about mos break vad
[14:22] {nemo} I haven't used any curse words magoo
[14:23] {Threei} not sure about that one
[14:23] {nemo} 5 miute chart interesting though
[14:23] {Threei} today's intraday is good,
[14:23] {Threei} it's daily that gives me pause
[14:24] {dino} an sm l .35
[14:25] {magoo} GS launching
[14:25] {magoo} GS
[14:26] {magoo} after i posted i hit .90 exited ..11
[14:26] {magoo} gotta be quick
[14:26] {magoo} AOIG AIG
[14:26] {magoo} vadrick
[14:27] {Threei} sorry mags, no read by me
[14:27] {magoo} THAT DOES IT}}}}}}}}}}}}}}}}}}
06[14:27] * magoo slaps Threei around a bit with a large trout
06[14:27] * Threei ducks
06[14:27] * magoo slaps nemo around a bit with a large trout
06[14:27] * magoo slaps shorty around a bit with a large trout
[14:28] {shorty} duck!
[14:28] {shorty} too late
[14:29] {Threei} SPY's green
[14:30] {Threei} I don't see anything for GS
[14:31] {shorty} out ZION +6
[14:31] {nemo} 6 or .06
[14:31] {shorty} .06
[14:31] {Threei} why so soon?
[14:31] {shorty} Can I do it over again?
[14:31] {magoo} .39 - .67
[14:31] {Threei} memontum just arrived
[14:31] {magoo} keep hitting it FL
[14:33] {Threei} pullbaack time GS
[14:33] {shorty} Being in the black Threei, I am happy with a profit. Not thinking clearly.
[14:33] {Threei} ok
[14:34] {Threei} whew
[14:34] {Threei} +.55 GS short
[14:34] {Threei} going to change diaper, wait for me
[14:34] {shorty} lol
[14:35] {dino} ltm
[14:35] {magoo} that-a-boy...i dont want to be doing this all by my lonesome
[14:35] {Threei} GS (CA) Canada Banking superintendent Dickson: Unaware of any ongoing probes of the company (161.28, +2.35, 1.48%)
[14:35] {Threei} lol
[14:35] {Threei} Mr. Dickson just woke up from 3 years coma
[14:36] {Threei} crisis? GS probe? whatcha talking about mate?
[14:38] {magoo} that guys caretaker for our cave vad
[14:38] {magoo} cramer was on now about GS
[14:46] {dino} ltm hod
[14:46] {dino} looking for euphoric spike
[14:49] {dino} hmmm, can't borrow ltm
[14:49] {magoo} dinos got the AC cold its snowing in my office
[14:49] {dino} whiner
[14:52] {dino} an to flat mkt dropping
[14:52] {magoo} ENER
[14:52] {magoo} ENER
[14:53] {Threei} ENER United Solar Ovonic and ContourGlobal to Co-Develop Rooftop Solar Installations for Coca-Cola Hellenic Buildings in Italy
[14:53] {Threei} - The initial stage of the project, which is expected to be completed during calendar year 2010, will involve approximately 3.4 MW of UNI-SOLARlaminates at four CCH facilities in Italy. The parties intend to expand their collaboration to include an additional 4 MW on four CCH sites in the near future.
[14:59] {nemo} gotta' go c u 2 morow
[14:59] {Threei} take care nemo
[15:00] {shorty} bye nemo
[15:00] {Threei} Long Setup: DCTH .10 break
[15:00] {dino} cya nemo
[15:00] {dino} back in 10
[15:03] {fernp} stop below 13.00, no?
[15:03] {magoo} AIG vad neats high
[15:03] {Threei} surw
[15:04] {Threei} .50 break was a play mags, sorry... missed it watching DCTH
[15:09] {shorty} in at .12, was a bit slow
[15:13] {dino} an stopped flat while out
[15:14] {fernp} stopped DCTH
[15:14] {shorty} same
[15:17] {RonS} ...out, finally, imax .80 - +.40 toughie
[15:18] {dino} gj
[15:19] {Threei} nice
[15:20] {dino} sm l esi .75
[15:20] {RonS} jef - major reversal today and i missed, but check the daily and intra
[15:21] {dino} esi to b/e
[15:22] {RonS} rjf looks good too...
[15:23] {dino} hod's
[15:24] {RonS} w/ what happened w/ m today, and the strength in retail i think a short sqeeze has to be setting up in sks
[15:25] {dino} esi to .98
[15:25] {dino} buy the dips ron
[15:26] {dino} out esi slippage .91, +.16
[15:29] {dptl} good evening all
[15:29] {shorty} bye
[15:30] {Threei} take care dp
[15:30] {dino} cya short
[15:30] {dino} cya dp
[15:30] {RonS} ...any of you seen an LTM? ...they are unbelievable...
[15:30] {dino} yeah
[15:31] {Threei} LTM?
[15:31] {dino} good thing i couldn'tborrow it
[15:32] {RonS} LifeTime Fitness...dino, you need to check the short report...10 mil short w. 27% of float
[15:33] {dino} need to get fit first
[15:37] {dino} qcom app lod
[15:44] {dino} ccmp l .51
[15:45] {magoo} dam AIG vad, has a way of racking big point days when we are SICK of it and not in
[15:45] {Threei} shrug
[15:45] {Threei} can trade only what I can read
[15:51] {dino} i yam what i yam
[15:54] {magoo} AMZN MSFT tonite vad
[15:56] {fernp} Good evening everybody. See u all tomorrow
[15:56] {RonS} cya fern
[15:57] {dino} cya fern
[15:59] {dino} stopped ccmp .46, -.05
[16:02] {Threei} thank you all, have a great evening
[16:02] {Threei} see you tomorrow
[16:03] {dino} thx all, good time