Tuesday, April 27, 2010

Apr 27 2010

Beautiful strong performance for the day, with a lot of nice juicy trades on both sides, long and short. MGM, LVS, AIG, MOS - some of them a few times and most for much more than scalps.

Session Time: Tue Apr 27 00:00:01 2010

[08:05] {magoo} mornink comrades
[08:35] {Threei} X
[08:35] {Threei} United States Steel Corp Reports Q1 -$1.10 v -$1.43e, R$3.9B v $3.8Be
[08:36] {Threei} UAUA
[08:36] {Threei} UAL Corp Reports Q1 adj -$0.55 v -$0.90e, R$3.87B v $4.2Be
[08:36] {Threei} - Q1 CASM +8.6% y/y
[08:36] {Threei} - Q1 RPM (revenue passenger miles) +2.6 y/y
[08:36] {Threei} - Q1 ASM (available seat miles) -3.3% y/y
[08:36] {Threei} - Q1 Load factor 80.4% v 75.7% y/y
[08:36] {Threei} Ford Motor Co Reports Q1 $0.46 v $0.31e, R $28.1B v $31Be
[08:36] {Threei} - Now expects to deliver solid profits this year with positive Automotive operating-related cash flow
[08:43] {dptl} good morning
[08:43] {Threei} dp :)
[08:43] {Threei} GR) Reportedly Greece Civil Servants Union to participate in planned May 5th stike
[08:43] {Threei} but of course
[08:43] {Threei} how dare you cut our anything
[08:50] {ese} morning
[08:50] {Threei} ese :)
[08:50] {nemo} dude
[08:51] {ese} dude
[08:54] {shorty} Good morning
[08:54] {ese} shorty
[08:54] {Threei} shorty :)
[08:56] {shorty} GS shorted the housing market, and that is why they are being investigated? long story short
[08:56] {shorty} Was watching msnbc and caught a bit of it
[08:57] {Threei} lol
[08:57] {Threei} how dare they profit from the fall
[08:57] {Threei} [15:56] {Threei} grest
[08:57] {Threei} [15:56] {Threei} GS shorting mortgages now is being labeled as "betting agains America"
[08:58] {Threei} [15:57] {Threei} history repeats... just as Jese Livermore was blamed with his shorting 1929
[08:58] {shorty} ty Threei
[08:58] {shorty} I am a bit ADD
[09:00] {Threei} *(US) S&P/CASE-SHILLER HOME PRICE INDEX: 144.03 V 145E; COMPOSITE-20 INDEX (Y/Y): +0.6% V-0.1%E
[09:00] {Threei} - prior revised from 145.32 to 145.27
[09:00] {Threei} *(GE) GERMANY APR CPI NORTH RHINE WESTPHALIA M/M: -0.2% V 0.6% PRIOR; Y/Y: 0.8% V 1.2% PRIOR
[09:08] {Threei} Tuesday, April 27, 2010 9:02:37 AM
[09:08] {Threei} (GR) Greece Fin Min Papaconstantinou: Need for credit adjustment is greater after deficit to GDP revision to 13.6%
[09:08] {Threei} - Expects the EU-IMF talks to conclude next week
[09:08] {Threei} - Talks with EU/IMF must be completed by May 19th, deemed as a pivotal date
[09:08] {Threei} - Is "absolutely sure" will have funds by May 19th
[09:08] {Threei} - No room to waver from budget targets
[09:08] {Threei} - Says is prepared to "clash on making reforms"
[09:08] {Threei} - *** Insight: May 19th corresponds maturity of 8.5B of deb
[09:10] {larisa} gm :)
[09:10] {Threei} larisa :)
[09:11] {shorty} gm
[09:11] {fernp} Good morning everybody
[09:11] {Threei} fern :)
[09:11] {Threei} shorty you forgot... you already greeted us
[09:11] {RonS} gm all
[09:11] {Threei} ron :)
[09:12] {shorty} larisa back from vacation
[09:12] {shorty} Also, did you not read the ADD part THreei?
[09:12] {Threei} I did
[09:12] {Threei} I also noticed she was back from vacation yesterday...
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:12] {shorty} lol
[09:12] {larisa} gm shorty :)
[09:13] {shorty} Well, my bad.
[09:18] {Threei} GS not finding firm footing
[09:21] {dino} caveman (cavm), amed, nty, cmi
[09:24] {lasertrev} good morning
[09:24] {Threei} trev :)
[09:26] {Threei} no single clear play for the open
[09:27] {Threei} F is on radar
[09:28] {Threei} 14.60 is 52 week high break
[09:29] {jfjf64} mornin
[09:29] {Threei} jf :)
[09:31] {magoo} rimm trying
[09:31] {Les} pain in the butt server
[09:31] {Les} morning
[09:31] {Threei} les :)
[09:32] {Threei} Long Setup: F .25 break if stays above .20
[09:32] {Threei} and 5 cents ranges cross if loses it
[09:32] {magoo} GS spike
[09:33] {Threei} CFO: Continues to explore "alternative funding options" - conf call comm
[09:33] {Threei} cc in progress...
[09:33] {Threei} don't like it
[09:33] {Threei} who knows what they are saying in there
[09:36] {Threei} PALM Strength attributed to Globe & Mail article circulating that discusses whether RIMM might be interested in PALM
[09:37] {Les} dino, what's on your screen today?
[09:38] {nemo} [09:21] {dino} caveman (cavm), amed, nty, cmi
[09:38] {Les} my bad
[09:38] {Les} ty
[09:39] {Threei} WFC
[09:39] {Threei} interestingly strong
[09:39] {dino} nty sm l .90
[09:40] {magoo} news FCX vad??
[09:41] {Threei} no
[09:41] {Threei} Long Setup: WFC .72 break if holding .65
[09:43] {dino} nty to b/e
[09:44] {Threei} 07:52 AMRN Leerink Swann Initiates AMRN with Outperform
[09:44] {shorty} got 1:1 on WFC ty
[09:44] {Threei} half out WFC
[09:44] {Threei} scalpers are scalpers of course
[09:46] {Threei} and they win again
[09:47] {Les} fitb .60 break?
[09:47] {Threei} yes
[09:47] {dino} stop to .31 nty
[09:47] {dino} out +.41
[09:47] {Threei} stop under .55 for scalpers, .50 for daytraders
[09:48] {nemo} well, fitb scalps are usually day trades
[09:48] {Threei} lol
[09:48] {Les} stopped
[09:49] {Threei} US) Preview: April Consumer Confidence due out at 10:00ET
[09:49] {Threei} **consensus expectation: 53.5e v 52.5 prior
[09:49] {Threei} - estimates range between 48 to 57
[09:49] {Threei} US) Preview: April Richmond Fed Manufacturing Index due out at 10:00ET
[09:49] {Threei} **consensus expectation: 10e v 6 prior
[09:49] {Threei} - estimates range between 7 to 11
[09:53] {dino} f l .00
[09:54] {dino} guess who's on tv?
[09:54] {nemo} Brooke Burke
[09:54] {Threei} bragging about his fiscal responsibility, no less
[09:54] {dino} i wish
[09:55] {nemo} makes 2 of us
[09:55] {Threei} CNLG Strength attributed to chatter CNLG could get significant follow on orders for detector pdts (1.76, +0.14, 8.64%)
[09:59] {dino} cymi sm l .81
[09:59] {Les} thanks for heads up dino. caught the short side of your NTY long out +.78
[10:00] {Threei} *(US) APRIL CONSUMER CONFIDENCE: 57.9 V 53.5E
[10:00] {Threei} (US) Fed Chairman Bernanke: US needs to start cutting budget deficit soon
[10:00] {Threei} no really?
[10:00] {Threei} how soon?
[10:00] {Les} awww he's a nice guy that Bernanke
[10:00] {Les} looking out for joe six pack
[10:01] {dino} gj les
[10:03] {Threei} DARA Enters Into a Clinical Trial Collaboration With the Division of Cancer Prevention (DCP), National Cancer Institute (NCI) for the Clinical Development of KRN5500
[10:03] {magoo} AIG interesting vad
[10:04] {Les} stopped F -.11 looks like its got further to go
[10:06] {Les} did F miss street estimates?
[10:06] {Threei} no
[10:06] {shorty} I heard they are having Q1 profit
[10:06] {Threei} look HLIT daily
[10:06] {shorty} sell on good news, buy on bad news?
[10:06] {fernp} WFC .80 break, Vad?
[10:07] {Threei} not sure fern
[10:07] {Threei} probably
[10:07] {Threei} senate hearings on GS started
[10:07] {Threei} anything can happen in financials
[10:07] {fernp} true
[10:07] {fernp} i'll pass
[10:08] {Threei} MGM 1 min looks interesting
[10:08] {Threei} for .30 break
[10:08] {jfjf64} lk
[10:09] {jfjf64} hold .25
[10:09] {Threei} for a scalp, yes
[10:09] {Threei} .20 for a bigger trade
[10:09] {jfjf64} ty
[10:09] {dino} nty
[10:10] {Threei} and, if market starts upward, HLIT is a brweak trade with target abour 7.50
[10:11] {Les} hlit trigger is break here?
[10:11] {nemo} rimm on a roll
[10:12] {fernp} HLIT what was the entry, Vad?
[10:12] {fernp} .20 break?
[10:13] {Threei} look cnn
[10:14] {Threei} jeez
[10:14] {Threei} saw that?
[10:14] {Threei} .27 fern
[10:15] {Threei} to trigger 52 week high break scanners
[10:15] {magoo} FTBK at it
[10:15] {fernp} ty
[10:16] {Threei} come on, anyone cauight Ukraine parliament fight on CNN?
[10:16] {Threei} eggs flying at speakers, those cover themselves with umbrellas
[10:16] {shorty} no, TV is in the other room.
[10:16] {Threei} smoke bomb
[10:16] {Les} l NTY .60
[10:16] {nemo} frickin' Jerry Springer
[10:16] {Threei} totally
[10:18] {dino} pwrd sm l .60
[10:21] {Les} out +.38 NTY
[10:22] {magoo} FTBK out + .50
[10:22] {Threei} wtg
[10:22] {shorty} nice guys
[10:22] {magoo} took 6.04 out .57
[10:22] {Threei} (you are as crazy as FTBK itself)
[10:22] {magoo} [10:15] {magoo} FTBK at it
[10:22] {Les} :( I didn't catch break
[10:23] {fernp} what is the stop for HLIT, Vad?
[10:24] {Threei} deopends on your objectives
[10:24] {nemo} .22 for scalpers,
[10:24] {Threei} under .20 for a scalp, obviously
[10:24] {fernp} pesky :-)
[10:24] {Threei} but if you look at daily,
[10:24] {Threei} see the thrust it's capable of,
[10:24] {fernp} yes, nice daily
[10:24] {Threei} believe in market help and want to give it a chance
[10:25] {Threei} 7.10 is it
[10:25] {larisa} some asian guy behind GS exec can not stop smiling listening to Levin. looks so happy
[10:25] {fernp} ok. i'll do an umbrella trade. ty
[10:25] {nemo} and .27 is entry, yes?
[10:26] {fernp} yes nemo
[10:27] {dino} kangaroo court
[10:27] {nemo} stage show
[10:28] {magoo} GRAN
[10:28] {magoo} GRAN
[10:30] {jfjf64} gnw short .25 break
[10:30] {magoo} a nutso one
[10:30] {magoo} gran
[10:31] {magoo} vad news?
[10:31] {ese} you thinkin about gettin in there mags.....
[10:31] {larisa} merger rumor
[10:31] {ese} been watching that one too this morning
[10:31] {magoo} has potential..NOT in
[10:32] {magoo} ty lar
[10:33] {Threei} np
[10:33] {Threei} no news that was
[10:35] {magoo} AIG was gonna call .50, missed
[10:36] {dino} sm l .25 amed, risky
[10:38] {magoo} hooker spread dio
[10:38] {magoo} dino
[10:38] {dino} indeed
[10:38] {magoo} not that i would know
[10:39] {dino} tiger would
[10:39] {nemo} bad
[10:41] {magoo} mkts green, been awhile lol
[10:41] {Threei} lol
[10:41] {Threei} I don't get much following though
[10:41] {Threei} not many stocks clearly follow indices
[10:42] {jfjf64} strong gs lol
[10:42] {magoo} are there any stocks in the indices vad?
[10:42] {dino} seing the same 3i, scalpers type market, lots of rinses
[10:42] {jfjf64} cant kill da MONSTER
[10:42] {Les} s CMI .92
[10:43] {Threei} mags... say what?
[10:43] {dino} les dabbling on the dark side today
[10:43] {magoo} gotcha:)
[10:44] {Threei} lol
[10:45] {magoo} just exited remaing wfc .91 ty vad
[10:45] {jfjf64} gnw ready
[10:46] {nemo} aren't you shorting into support on the 5 minute chart
[10:46] {Les} somebody talking to me?
[10:47] {nemo} never
[10:47] {nemo} JF
[10:47] {Les} bon
[10:47] {nemo} cest bon
[10:48] {Threei} ECB's Tumpel-Gugerell: ECB is opposed to full fair value accounting; global accounting standards and banking rules should be consistent worldwide
[10:48] {Threei} - calls for implementation of rules worldwide on a wind down of systemic banks who are failing
[10:48] {Threei} - calls for a forward looking accounting methodology
[10:52] {jfjf64} 1/1
[10:57] {Threei} *(PO) S&P CUTS PORTGUAL RATING TWO NOTCHES TO A- from A+; short term rating to A2 from A1; Outlook Negative
[10:57] {Threei} - Note; Fitch on 3/24 cut ratings one notch to AA- from AA
[10:57] {strider} dcc trev.
[10:57] {fernp} HD, Vad?
[10:57] {fernp} breakdown?
[10:57] {Threei} I hink so
[10:58] {fernp} ty
[10:58] {fernp} .96 stop, no?
[10:58] {Threei} or 36
[10:58] {Threei} both are valid
[11:02] {Threei} CME Sends letter to CFTC asking the agency no to adopt energy market position limits
[11:02] {Threei} why would CME care??
[11:03] {Raven} unlimited positions = more commissions
[11:04] {Raven} they want volume
[11:04] {Threei} oh wait
[11:04] {Threei} lol... line appeared first without that "no"
[11:04] {Threei} so I was shocked
[11:04] {Threei} while I copied they typed in one more word
[11:04] {Raven} lol
[11:06] {dino} sllllllllllaaaaaaaaaaaappppppppppppppp
[11:07] {Raven} lol
[11:07] {nemo} is this still Monday
[11:07] {nemo} ?
[11:07] {Threei} now full text is in, including typo correction:
[11:07] {Threei} Chicago Mercantile Exchange Holdings Inc Sends letter to CFTC asking the agency not to adopt energy market position limits
[11:07] {Threei} - Note: The CFTC has been evaluating whether to regulate certain energy products through the determination on whether a certain product performs significant price discovery functions
[11:07] {RonS} mos murder
[11:07] {dino} all ferts, pot, cf
[11:13] {Les} vad, is that shooting star on IOO daily?
[11:13] {Threei} I amd not a cnadlestick specialist les
[11:13] {Les} ok
[11:14] {RonS} mos i figure downside to 47.20 on the h&s break. PnF shows down to 42. POT PnF uptrend line at 106
[11:14] {strider} MOS
[11:15] {Threei} HD nice dive
[11:15] {fernp} out ty Vad
[11:15] {Threei} :)
[11:17] {strider} sh MOS 51
[11:19] {shorty} back in a little bit
[11:20] {Threei} Short Setup: LVS
[11:20] {Threei} .20 break
[11:20] {Threei} stop above .25 for scalpers
[11:21] {ese} in .18
[11:23] {ese} stopped .24
[11:23] {Threei} GR) S&P CUTS GREECE
[11:23] {Threei} something's worng ese
[11:23] {Threei} wrong
[11:23] {Threei} if it was a scalp, it reached over 1:1
[11:23] {Threei} if not, why such a weird stop
[11:24] {ese} one print at .25 triggered it
[11:24] {Threei} S&P CUTS GREECE TO BB+ (now junk status); outlook Negative
[11:24] {strider} cover MOS .88 +.12
[11:24] {Threei} wait..
[11:24] {ese} no big deal.....i short small.......500shs
[11:24] {Threei} .25 was not a stop trigger, .25 break was,
[11:24] {Threei} and again, it went to .12
[11:24] {shorty} covered .12
[11:25] {Threei} which is over 1:1 for a scalp
[11:25] {ese} hmmmmmmm
[11:25] {Les} out .07 ty
[11:25] {Threei} over 1:1 for a day trade now
[11:25] {strider} out LVS .12
[11:25] {Threei} just played it wrong
[11:26] {fernp} ty Vad was nice
[11:26] {shorty} ty Threei
[11:26] {nemo} out mos 59
[11:26] {nemo} .59
[11:26] {Threei} MOS beauty
[11:26] {Threei} this Greece cut sent maarket screaming down
[11:27] {Threei} (as it was a surprize that Greece situation is really bad)
[11:27] {Les} nice one nemo. I abandoned MOS for LVS. tight budget
[11:28] {nemo} I was playing both, I woulda' got out of MOS earlier but I was watching LVS
[11:28] {Threei} read full text, it's perrty damning}:
[11:28] {Threei} *(GR) S&P CUTS GREECE THREE NOTCHES FROM BBB+ TO BB+ (now junk status); outlook Negative
[11:28] {Threei} - S&P: The negative outlook reflects the possibility of a further downgrade if the Greek government's ability to implement its fiscal and structural reform program materially weakens in our view, undermined by domestic political opposition at home or by even weaker economic conditions than we currently assume.
[11:28] {Threei} - "The downgrade results from our updated assessment of the political, economic, and budgetary challenges that the Greek government faces in its efforts to put the public debt burden onto a sustained downward trajectory, In our revised projections, we forecast Greece's net general government debt-to-GDP ratio reaching 124% of GDP in 2010 and 131% of GDP in 2011. "
[11:29] {magoo} ugly out there
[11:29] {Threei} OK, bounce time
[11:29] {Les} some knifecatching
[11:29] {Threei} EUR/USD Moves to fresh session lows after Greece downgrade
[11:30] {magoo} F destroyed
[11:30] {Threei} AIG
[11:30] {Threei} stop under .10
[11:30] {nemo} what was the break, .20?
[11:30] {Threei} ugh... too fast, .15 break was a trigger
[11:30] {Threei} ok, second chance
[11:31] {Threei} 1:1 easy
[11:31] {Threei} 1:2
[11:31] {Threei} 1:3, my a$$ out
[11:31] {magoo} out here .43 TY
[11:31] {Les} out .45 ty
[11:32] {Threei} welcome guys
[11:32] {shorty} nice, sat out on that one
[11:32] {magoo} NICE vad
[11:32] {Threei} magoo is crying bitterly
[11:32] {Les} 6 months on shorty
[11:32] {Threei} know why magoo is crying?
[11:32] {nemo} yep
[11:32] {Threei} magoo can't say "vad is sleeping through this"
[11:32] {Les} I can control my heart beat a lot better doing trades like that
[11:32] {shorty} Les..?
[11:32] {magoo} i was typing it when u posted call
[11:32] {Les} less fear
[11:32] {Les} more calculation
[11:33] {Threei} perfect timing on bounce catch... rarely do I do this
[11:33] {Threei} larisa is typing "and you call yourself trend follower?" as we speak
[11:33] {larisa} exactly :)
[11:34] {Threei} hehe
[11:34] {Les} out cmi .92 +1.00
[11:34] {shorty} nice one Les
[11:34] {Les} I am outta here for the day
[11:35] {shorty} I would
[11:35] {Les} c u's tomorrow
[11:35] {Les} duck
[11:35] {Threei} lol
06[11:35] * magoo slaps Les around a bit with a large trout
[11:35] {shorty} But, I like trading so much that I would probably stay.
[11:35] {Threei} take care Lesa
[11:40] {RonS} ftbk held up really well on that selloff
[11:40] {Threei} true
[11:41] {Threei} you know what irritates me the most about all this hearings and whole GS hoopla?
[11:41] {Threei} constant mention of "morals"
[11:41] {Threei} how come structural problem, systemic problem turned into moral problem?
[11:42] {Threei} since when morals should drive accounting?
[11:42] {Threei} design frikin system so it would lead to certain results you want
[11:42] {shorty} No logic to it Threei.
[11:42] {Threei} instead of designing system full of holes, then complain about those who live by its rules being "immoral"
[11:43] {Threei} more than that:
[11:43] {RonS} ...yes there is logic...keep seat and conduct shakedowns to keep money flowing
[11:43] {Threei} god save me from living in society where behsvior of economic elements is dictated by morals
[11:43] {RonS} nok knocked
[11:43] {Threei} since morals differ from society to societyu and individual to individual, that would be total and absolute unpredictable chaos
[11:45] {Threei} one thing truly pleases me today: canadian dollar
[11:45] {Threei} look at it hitting the skids
[11:46] {RonS} ...just curious...why does this please you?
[11:46] {Threei} 'cause I make money in US dollars
[11:46] {Threei} and then convert to canadian
[11:47] {RonS} ...makes sense...
[11:47] {Threei} except part I keep in US for purchases across the board or for trips
[11:47] {Threei} in USD I mean
[11:47] {RonS} ha...you can hedge yourself with derivatives :)
[11:47] {Threei} too lazy for that :)
[11:48] {shorty} Speaking of lazy, anymore stock picks Threei?
[11:49] {nemo} yeah, enough of philosophical pontification
[11:49] {dino} well, look at the gs attacks this way. everybody who shorted today bet against american business. that is how pathetic a case it is. they just hate sdhorts because they don't understand it
[11:50] {dino} its the obamination theme; evil shorts evil speculators
[11:50] {larisa} problem is not they are shorting, they went opposite of their clients. ALL serving companies come up with mottos like "our customers are the most important thing" etc. Just be honest and say "we are trying to screw you out of your money"..
[11:51] {RonS} ...human kind has had and will always have scapegoats
[11:51] {shorty} There was a good interview this morning (msnbc or cnbc) about this dino, with a hedge fund manager William Ackman.
[11:51] {Threei} larisa, any broker selling to a client as principal goes against him
[11:51] {dino} larisa, when i flip a house i am going against my "customer"; same w/car dealers, etc
[11:51] {Threei} only broker acting as agent doesn't
[11:52] {Threei} and these products had no open market
[11:52] {Threei} so no agency role for a broker
[11:53] {Threei} the only accusation that is valid is:
[11:53] {Threei} the product was designed top fail
[11:53] {Threei} that's what they need to prove
[11:53] {Threei} if they don't, the rest is pure unbridled bs
[11:54] {RonS} ...if we spend another 30 minutes down here with no bounce, i think we start seeing more selling...imo
[11:55] {RonS} wow...euro at 1.3237
[11:56] {Threei} I don't know why it still exists
[11:57] {RonS} ...pan- Europeanism...as in Peter Pan. Plus, US envy...as in penis envy
[11:57] {dino} hmmmm, buy the dips imo
[11:58] {Threei} overall, yes dino, I bel.ieve that is what is going to happem
[11:58] {Threei} this market pullback will be bought
[11:58] {Threei} not sure about today though
[12:00] {dino} today
[12:00] {dino} you forget, i am 3 hours ahead of you
[12:01] {Threei} oh yes
[12:01] {Threei} larisa, you missed it
[12:01] {Threei} while you were vacationing, we made a few bets
[12:01] {larisa} "Goldman Sachs has a culture of developing people who work very, very hard at their business careers and then have a very strong view of the importance of giving back to society " My point is, if they have a need to comuflage (sp) their actions with "good", others have a right to accuse them of not doing it :) to your question of morals.
[12:02] {Threei} and he beat me to a punch
[12:02] {larisa} what bets? :)
[12:02] {Threei} on market closings
[12:02] {larisa} lol
[12:02] {dino} a bit biased
[12:02] {Threei} then turned out, living three hours ahead of me, he just knew answers
[12:03] {larisa} he should share more
[12:04] {Threei} I don't even understand how shorting housing market back in 2007 was immoral
[12:04] {Threei} isn't it a subject of a job of any trader worth his salt to determine market ditrection and take according position?
[12:05] {Threei} how did it become "betting against America"?
[12:05] {dino} thats my point
[12:05] {dino} they could go after us for shorts
[12:05] {dino} slippery slope
[12:07] {Threei} look at AIG chart at the moment of the call... 5 cents from bottom
[12:07] {fernp} RAI, any read, vad?
[12:07] {fernp} 54 break long?
[12:08] {Threei} most likely yes but I'd feel a lot safer if it consolidated for a few min more
[12:08] {fernp} yes
[12:08] {fernp} ty
[12:11] {dino} amed to .01
[12:12] {magoo} AIG likes to return to that 38-39 level
[12:12] {magoo} sheesh, itwas 45
[12:12] {dino} out amed .01, +.76
[12:13] {Threei} RAI holding very well so far
[12:13] {Threei} if market selling subsides while it's holding right here, should do well on bounce
[12:14] {Threei} nah, lost support
[12:14] {nemo} look for rimm to go now
[12:15] {dino} fcx blood
[12:16] {dino} fcx gap around 75.25, feb
[12:16] {RonS} .vix up 21%
[12:16] {dino} fed meets today and tomorrow
[12:20] {dino} f getting some back
[12:22] {Threei} (GR) IMF Chief: Greece situation will be difficult even with the support of the IMF; a China currency revaluation is in its own interest
[12:22] {Threei} - Believes Greece's situation was unsustainable without IMF help.
[12:22] {Threei} - Yuan revaluating is clearly in China's interest; would reduce inflationary pressures
[12:26] {dino} elx l .51
[12:31] {Threei} feels to me we are forming bottom
[12:32] {Threei} let's start trying?
[12:32] {Threei} Long Setup: LVS .75 break
[12:32] {nemo} fcx might be getting ready too
[12:35] {Threei} not a scalp for me
[12:35] {Threei} 1:1
[12:36] {Threei} half out
[12:36] {Threei} .83
[12:36] {nemo} fcx went too
[12:36] {shorty} out ty
[12:37] {Threei} yw
[12:37] {nemo} yes, ty
[12:37] {Threei} sure thing
[12:37] {Threei} good one on FCX
06[12:37] * Threei slaps magoo around a bit with a large roll of cash
06[12:37] * Threei slaps jfjf64 around a bit with a large roll of cash
[12:38] {magoo} huh? sorry, was counting greenbacks
[12:38] {Threei} lol
[12:38] {jfjf64} lol
[12:38] {Threei} offer 1/4 more at .87 - .89
[12:39] {Threei} stop under b/e of course
[12:39] {Threei} in case we are mistaken and it's not THE bottom for the day
[12:40] {Threei} Preview: (US) Treasury's $44B 2-year note auction results due just after 1PM ET
[12:40] {Threei} - no change in size from previous auction
[12:40] {Threei} - Prior bid to cover ratio 3.00 with an average of 3.10 over the last 10 auctions
[12:40] {Threei} - Indirect bidders took 34.8% of competitive bids at last auction with 13.8% allotted at the high
[12:40] {Threei} - The 2-year when issued yield of 1.01% is roughly 5 basis points above the cash market
[12:41] {Threei} second target hit
[12:42] {Threei} offer last portion .94-.95
[12:42] {Threei} not too shabby for 5 cents stop
[12:43] {jfjf64} ya da man
[12:43] {jfjf64} ty
[12:43] {nemo} yada man?
[12:43] {Threei} welcome kind sir
[12:43] {Threei} not you nemo
[12:43] {nemo} wrong species
[12:43] {jfjf64} think need nother slap
06[12:43] * nemo slaps jfjf64 around a bit with a large trout
[12:44] {jfjf64} sorry gv to NEMO
06[12:44] * nemo slaps jfjf64 around a bit with a large trout
[12:51] {Threei} third and last target's hit
06[12:51] * Threei dislocates his shoulder in attempt to pat himself on the back with double speed
[12:52] {Threei} (GR) Greek Govt Spokesman: S&P downgrades today prove debt issue is a wider problem, not just Greece
[12:52] {Threei} - Would like to wrap up talks with EU/IMF as soon as possible to get aid flowing.
[12:52] {Threei} - Insists Greece is doing all it can to wrap up the deal with the IMF and the EU, calm markets.
[12:59] {RonS} mags...pos banque du jour...bbx
[13:02] {Threei} - indirect bidders take 31% of competitive bids, direct bidders take 21%
[13:02] {Threei} primary dealers take 63.4%.
[13:02] {Threei} - 63.6% alotted at the high
[13:02] {Threei} AIG GAO Report: AIG's insurance business is showing signs of recovery
[13:03] {jfjf64} think
[13:06] {Threei} AIG remains heavily reliant on federal assistance to meet its liquidity needs.
[13:06] {Threei} - Dropping from their recent peak in May 2009, AIG CDS premiums have decreased and appear to be returning to precrisis levels.
[13:06] {dino} react
[13:07] {magoo} bummed i missed FCX
[13:09] {Threei} .50 break should be AIG launching pad
[13:09] {Threei} no call, highly discretionary
[13:19] {Threei} wow, even with that exit we underestimated LVS
[13:20] {magoo} ls got me good yesterday
[13:20] {magoo} hate that one
[13:20] {Threei} worked like charm today
[13:20] {Threei} 3 times
[13:21] {magoo} e??..ok
06[13:21] * magoo slaps Threei around a bit with a large trout
06[13:21] * magoo slaps Threei around a bit with a large trout
06[13:21] * magoo slaps Threei around a bit with a large trout
06[13:21] * Threei disappears in the abyss of alcohol-induced consolation
[13:21] {jfjf64} slap NEMO TOO what the heck
[13:21] {Threei} lol
[13:21] {Threei} really
06[13:21] * magoo slaps nemo around a bit with a large trout
06[13:22] * nemo slaps KSystems around a bit with a large trout
[13:22] {jfjf64} lol
[13:22] {Threei} slapfest
06[13:22] * nemo slaps Threei around a bit with a large trout
[13:22] {Threei} the only problem is, frequent repetition of the word trout in the log attracts anglers
[13:23] {Threei} they search internet for their gear or whatever, and stumvle onto our log
[13:23] {Threei} lol
[13:23] {jfjf64} thats all we need
[13:23] {Threei} which is why my slaps are so much more inventive
06[13:23] * Threei slaps jfjf64 around a bit with a large roll of cash
06[13:23] * Threei slaps fernp around a bit with a large scalping course
06[13:24] * Threei slaps dptl around a bit with a large bottle of Grey Goose
[13:24] {jfjf64} what nemo get
06[13:24] * Threei slaps nemo around a bit with a large chart of uptrending market
06[13:24] * Threei slaps magoo around a bit with a large daytrading course
06[13:24] * Threei slaps shorty around a bit with a large Master Profit Plan
06[13:25] * Threei slaps Alert around a bit with a large daytrading course
[13:25] {Threei} wropng one
[13:25] {jfjf64} shorty where is shorty today
06[13:25] * Threei slaps Alert around a bit with a large book of Techniques of Tape Reading
[13:25] {dino} feeling left out
[13:25] {fernp} Vad, are you aggressive today?
06[13:25] * Threei slaps dino around a bit with a large time machine
[13:25] {fernp} or as usual?
[13:25] {jfjf64} best for last dino
[13:25] {Threei} as usual... just less restrained
[13:25] {dino} nty close to lod
[13:25] {fernp} that's good
[13:25] {dino} lol
06[13:26] * Threei slaps Raven around a bit with a large apology for slapping him
[13:26] {Threei} GR) Germany Fin Min Schaeuble: Germany will not let Greece down
[13:26] {magoo} i would have preferred the vodka, have the tade book (and havent read it yet) but drank all the vodka in office
[13:27] {Threei} {German taxpayers} no really?
[13:27] {dino} the euro is doomed
[13:28] {Threei} IMO, only a matter of time
[13:29] {fernp} thank you guys
[13:29] {Threei} sorry fern... just a reality
[13:29] {fernp} i know
[13:29] {dino} elx to ,67
[13:30] {Threei} it may seem impossible... but those who lived through collapse of Soviet Union know all too well, nothing is
[13:30] {jfjf64} nothin is
[13:30] {fernp} forever?
[13:30] {fernp} lol
[13:31] {jfjf64} lol
[13:31] {Threei} seemingly invincible machine wioth tentacles everywhere, controlling everything and everyone, seaced to exist in front of our very eyes in a matter of months
[13:31] {Threei} ceased too
[13:33] {Threei} and it was established over 70+ years, two wars, several generations knowing no other life and brainwashed to no end
[13:33] {Threei} EU is but an awkward teenager vs that
[13:34] {Threei} market is likely to stall here for a while, or retreat
[13:34] {Threei} no firmn read
[13:34] {Threei} firm
[13:35] {nemo} it's at 200 ma
[13:36] {dino} out elx .68, +.17
[13:36] {Threei} be back in 30
[13:36] {RonS} nice dino
[13:38] {dino} ty
[13:42] {shorty} jfj64 I am here. Had to pick up my daughter at school.
[13:43] {shorty} jfjf64
[13:44] {shorty} Threei went on a slapping spree.
[13:45] {ese} am outta here......to much going on to concentrate on the markt...see ya tomorow
[13:45] {shorty} Bye ese
[13:45] {ese} se ya shorty
[13:47] {jfjf64} hey shorty
[13:48] {jfjf64} see ya
[13:48] {dino} cagc l .99
[13:49] {shorty} Dino, short ZION at res here you think? or too risky
[13:51] {dino} looks up to me
[13:52] {dino} higher hi higher lo
[13:52] {shorty} ty....
[13:53] {shorty} Do you look mostly at 1 min or 5 min charts?
[13:53] {shorty} I think I asked a couple of weeks ago, I don't remember.
[13:53] {dino} 1 min, 1 day; 15 min 5 day
[13:54] {dino} then 120 day, 52 week
[13:54] {shorty} SMA?
[13:55] {dino} y
[13:55] {dino} nty
[13:57] {dino} dsw
[13:58] {dino} f around .80 support imo
[13:59] {dino} pega lod
[14:04] {dino} air pocket
[14:11] {Threei} UAUA
[14:11] {Threei} UAL Corp CEO: encouraged to see "early signs" of business flier demand growth - conf call
[14:11] {Threei} - "significantly , we are not adjusting full year costs guidance," even with the effects of winter storms.
[14:16] {magoo} theyt took granny (gran) out backk and clubbed here
[14:16] {shorty} lol....?
[14:35] {RonS} glw down 3%...earnings a.m. near lod
[14:36] {shorty} Threei...RCII?
[14:36] {Threei} oo thin
[14:36] {Threei} I wouldn't touch it
[14:36] {shorty} ty
[14:41] {shorty} One more Threei....FORM
[14:42] {shorty} I play 200 shares usually, but it looks thin like RCII
[14:44] {Threei} I just don't see any setup on it
[14:46] {strider} dino, you still in CAGC?
[14:48] {dino} yes, but not happy w/it
[14:49] {shorty} One more....STSA
[14:49] {dino} watching pega, fcx, f
[14:55] {jfjf64} gld
[14:56] {jfjf64} 2010 high
[15:06] {dino} well, the euro is going to hell, greek debt is being sold as its junk, need to buy dollars or gold
[15:16] {Threei} (GR) ECB's Nowotny: No reason exists for investors to accept a 'haircut' on Greece bonds
[15:16] {Threei} - feels that there are no reasons for contagion fears considering recent downgrades of Portugal and Greece
[15:18] {dino} lol
[15:18] {dino} next they'll say its the shorts fault
[15:20] {dptl} good evening all
[15:20] {RonS} cya dp
[15:20] {Threei} take care dp
[15:20] {shorty} Bye dptl
[15:20] {fernp} bye dp
[15:24] {dino} cya dp
[15:25] {shorty} ss .77 CIEN 5-6 cent risk
[15:29] {shorty} out +7
[15:29] {nemo} wow, 7 dollars!!!!
06[15:29] * larisa slaps nemo around a bit with a large trout
[15:30] {shorty} Ty larisa......
[15:30] {nemo} Lari, I love any attention I get from you :)
[15:30] {larisa} lol
06[15:30] * Threei hands larisa 12-gauge - attend with this!
[15:30] {shorty} lol
06[15:31] * nemo crawls in cave...closes door...grabs teddy...pulls blanket over head
[15:32] {Threei} IMF considering increasing its share of Greece aid package by 10B amid fears the 45B plan will not be enough - FT
[15:32] {Threei} - currently the EU has proposed providing 30B and the IMF 15B, but some speculation has circulated that the package could be boosted to as much as 70B.
[15:35] {dino} cagc stopped
[15:37] {Threei} EUR/USD Moves below 1.32 for the first time this year
[15:37] {Threei} - dealers continue to eye 1.3070 as key level (long term uptrend line going back 8 years)
[15:46] {Threei} ok, look at GS
[15:46] {Threei} what do you see?
[15:47] {Threei} am I hallucinating?
[15:47] {Threei} or is it one of rare isnalds of green in a sea of red?
[15:47] {nemo} what...nobody believes the feds are gonna' do a damn thing
[15:47] {nemo} skip the dead people comment dino
[15:48] {Threei} lol
[15:48] {Threei} see arca .79 offer?
[15:48] {Threei} break of it is long
[15:49] {fernp} Good evening everybody. See u all tomorrow
[15:49] {Threei} take care fern
[15:49] {shorty} Byr fernp
[15:49] {shorty} Bye
[15:49] {Threei} too late
[15:50] {Threei} he left thinking you called him byr
[15:50] {shorty} lol
[15:50] {nemo} wonder if we break below 11k
[15:51] {nemo} Fed day tomorrow...oy vay
[15:51] {Threei} yeah
[15:51] {Threei} shrug
[15:51] {Threei} today prmoised to be as boring as monday
[15:51] {Threei} and turned great day
[15:52] {shorty} Good night everyone.
[15:53] {Threei} if everyone leaves, I will too
[15:53] {Threei} thank you all
[15:53] {Threei} have a good evening
[15:53] {Threei} see youi tomorrow
[15:54] {larisa} bye :)
[15:55] {dino} -3% s/p since fri highs
[15:56] {dino} -2.6 ndx
[15:57] {Threei} very nice selloff
[15:57] {Threei} we needed that
[15:57] {Threei} and hopefully more
[15:58] {Threei} gotta work off some excessive enthusiasm
[15:58] {dino} that has been it lately, 2.5 to -3%, then bounce
[16:00] {Threei} (US) White House's Orszag: All options are on the table for budget deficit commission
[16:00] {Threei} I know
[16:00] {Threei} let's raise tax to 100%
[16:01] {Threei} DVAX Two Phase 3 HEPLISAV Trials Cleared by DSMB to Continue Immunizations (3.64, +0.08, 2.25%)
[16:01] {strider} Then the govt. could just give everyone what they NEED.
[16:01] {Threei} eqzaktly
[16:01] {strider} sounds fair to a lot of people.
[16:02] {Threei} and tried already
[16:02] {Threei} over 70 years of experience
[16:02] {dino} bwld
[16:02] {Threei} - HEPLISAV is an innovative vaccine designed to protect against hepatitis B infection. The DSMB reviewed safety data from two ongoing multi-center Phase 3 trials evaluating HEPLISAV, one trial in adults 40 years and older, and a second trial in chronic kidney disease patients.
[16:02] {Threei} - The DSMB is comprised of an independent group of medical experts who are responsible for reviewing and evaluating subject safety data at regular intervals during the ongoing trials.
[16:03] {Threei} okay... left :)