Thursday, May 13, 2010

13 2010

The day started very well with 30 something cents win on LVS, strong long on WFC, scalp on BIDU... and then turned into total boredom with no clear setups, aside of couple news plays.

Session Time: Thu May 13 00:00:00 2010

[08:00] {Threei} :02 DVAX Wedbush Morgan Raised DVAX to Outperform from Neutral, price target: $ 6
[08:00] {nemo} anybody take bidu overnight?
[08:02] {Threei} why would we
[08:02] {nemo} well, it did finish near the highs strongly
[08:03] {Threei} yes but it's so market-dependent
[08:03] {Threei} and anyone forecasting how market is going to open next day these days...
[08:03] {Threei} we live in era of 400 pont gaps :)
[08:04] {Threei} I am shuddering of mere thought of getting caught into such gap on the wrong side
[08:13] {Threei} US) Preview: Initial jobless Claims due at 08:30 ET (12:30 GMT)
[08:13] {Threei} - Expectations for initial claims are 440Ke v prior week at 444K
[08:17] {Threei} DVAX is interesting
[08:30] {Threei} US) APRIL IMPORT PRICE INDEX M/M: 0.9% V 0.8%E; Y/Y: 11.1% V 11.3%E
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 444K V 440KE; CONTINUING CLAIMS: 4.627M V 4.59ME
[08:38] {Threei} serious sizes change hands on DVAX
[08:47] {Threei} EUR/USD Sets fresh session lows, approx 30 pips from last week's low at 1.2518
[08:47] {Threei} that damn wolfpack just won't let go
[08:48] {Threei} I think it's tiome for another trilion - that'll show them
[08:50] {Threei} June crude futures move to new multi-month lows ahead of open for floor trade in NY
[08:50] {Threei} - trades toward $74 through last week's European debt crisis low of $74.50
[08:50] {Threei} certainly time for another trillion
[08:51] {Les} morning
[08:51] {Threei} hey Les
[08:51] {nemo} afternoon
[08:52] {Les} and another crummy afternoon it is. bit warmer in the states is it?
[08:53] {nemo} clear and cool in the Northeast
[08:53] {Threei} it's a big continent...
[08:53] {Threei} sunny and warm here
[08:54] {Les} that would be nice
[08:54] {Threei} air is thick with flower/ocean scent
[09:01] {Threei} ECB's Bini Smaghi: Recent sovereign debt ratings downgrades raise certain doubts, would be a mistake for ECB to depend on ratings
[09:01] {Threei} yes.. let's depend on them when they upgrade and ignore when downgrade
[09:01] {Threei} - Would be "ridiculous" to compare Greece with Argentina
[09:01] {Threei} Argentina agrees
[09:07] {dptl} good morning
[09:07] {nemo} dp :)
[09:07] {Threei} dp :)
[09:08] {Threei} I hope it's not Wedbush Morgan selling all that DVAX
[09:08] {Threei} that would be unethical and immoral, right?
[09:09] {Threei} uh
[09:09] {Threei} oh
[09:09] {Threei} (EU) IMF"s Lipsky: cannot estimate quantity of aid will be dispersed this year , but at times a restructuring of debt is appropriate
[09:09] {Threei} that's a first official "ummm, maybe..."
[09:10] {Les} restructuring? that sorta a soft default is it?
[09:11] {Les} sorta a a a a... sort of a
[09:11] {Threei} exactly
[09:12] {Threei} "can't pay you back now, man, let's negotiate some changes so I get some relief, you know..."
[09:12] {Les} that'll do wonders for the Euor
[09:12] {Les} euro
[09:12] {Threei} "a little bit later, a little bit less interest, maybe forgive some of debt... better for you than if I collapse, right?"
[09:13] {Threei} no no no Les... that's all wolfpack's fault
[09:13] {Threei} speculators
[09:13] {Threei} CSCO CEO: people may have "over interpreted" his cautionary remarks on the conf call presentation yesterday - CNBC interview
[09:13] {Threei} lol
[09:19] {Threei} do we have some routes disconnected again?
[09:20] {Threei} no, dino's here
[09:20] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {shorty} morning
[09:21] {Threei} shorty :)
[09:21] {RonS} hey y'all :)
[09:22] {Threei} don't know what to say on DVAX guys... chart looks good, upgrade gives nice target... but there is some pretty big seller lurking out thjere
[09:22] {lasertrev} good morning
[09:22] {Threei} Ron, trev :)
[09:22] {Threei} another interesting chart is VVUS
[09:22] {dino} regarding greece, its the old saying, when you owe the bank $100k its your problem, when you owe the bank $1million its their problem
[09:23] {Threei} yeah
[09:23] {Threei} that trillion, IMO, sealed Euro and EMU's fate
[09:24] {Threei} instead of amputation with its immediate pain they prefer slow gangrene
[09:24] {Threei} GR) Greece Public power union calls for 48 hour strike on May 25
[09:24] {dino} asps, good report and drops
[09:25] {RonS} dino, J Paul Getty coined that phrase in the '60's
[09:28] {Threei} no clear opening play here
[09:28] {RonS} looking at amsc for a squeeze candiate 13.5 mi short, 35% float
[09:28] {_stewy} morning to all:)
[09:28] {Threei} stewy :)
[09:28] {dino} sy 65 takeover
[09:28] {RonS} ...guess we need to wait for Mags list :)
[09:28] {Threei} if anyone got tempted by DVAX at 2, either look to scalp int morning spike, or hold for a swing trade
[09:28] {Threei} yeah dino
[09:28] {Threei} imagine holding shrt overnight
[09:28] {Threei} short
[09:29] {Threei} especially after this:
[09:29] {Threei} Yesterday 16:05 SY Hearing Cowen making cautious comments; does not see SY/SAP merger as synergistic
[09:29] {Threei} in 10 min:
[09:29] {Threei} Yesterday 16:15 SY Continues to move higher in aftermarket following WSJ report that SAP deal announcement could come as soon as today
[09:29] {Threei} and in 45:
[09:29] {RonS} ...sounds like they want an orcl bid...
[09:29] {Threei} Yesterday 17:00 SY Follow up: SAP to pay $65/shr for SY in merger - WSJ citing sources
[09:31] {ese} GM
[09:31] {Threei} ese :)
[09:31] {nemo} ford
[09:31] {jfjf64} mornin
[09:31] {Threei} jf :)
[09:33] {Threei} LVS
[09:33] {Threei} watching for bounce setup
[09:34] {Threei} not ready yet
[09:35] {Threei} F CEO: 2011 expected to have higher profits than 2010 - annual meeting commetns (12.78, +0.10, 0.79%)
[09:37] {Les} crap almost shorted aig
[09:38] {Threei} OK, let's see if we get double bottom LVS
[09:39] {Threei} .85 break long
[09:39] {Threei} if holding above .75
[09:41] {Threei} not a scalp fior me, if works can do much better than 10 cents
[09:42] {Threei} 1:1
[09:42] {Threei} half out and stop to under .80
[09:43] {Threei} scalpers are scalpers
[09:43] {Threei} unless they are scalopers
[09:43] {Les} yeh i'll take scalp ty
[09:43] {Les} let's see how market develops
[09:43] {Threei} sure thing
[09:44] {Threei} someone should replace fern as scalpers extraordinare
[09:44] {Threei} 1/4 more out
[09:44] {Threei} 1:2
[09:44] {shorty} Took .20..ty Threei
[09:44] {jfjf64} nice
[09:44] {Threei} but when he is back he will fight you for the title
[09:44] {Threei} welcome shorty
[09:45] {Threei} and jf... don't call me nice... I am anything but
[09:45] {shorty} fernp on vacation?
[09:45] {Les} I have no problem following in his footsteps. guaranteed $ maker fern is
[09:45] {Threei} health issues shorty, will take a few month to recover
[09:45] {Threei} out in full
[09:45] {magoo} morning
[09:45] {Threei} mags :(
[09:45] {Les} someone slap him with a roll of cash
[09:46] {shorty} If you talk to him, tell him shorty says hi.
[09:46] {Threei} I will do no such thing
[09:46] {ese} L dvax..00
[09:46] {Threei} last thing I want is more people thinking I am nice
[09:46] {shorty} lol
[09:46] {Threei} one jf is enough
[09:47] {jfjf64} lol
[09:47] {Threei} aww, still exited LVS too soon
[09:47] {dino} sm l flr .50
[09:47] {Threei} frikin 40 cents
[09:48] {dino} idsa sm l .13 thin gappy
06[09:48] * Threei slaps magoo around a bit with a large roll of missed cash
[09:49] {Threei} let's keep an eye on WFC
[09:49] {Threei} it traded somewhat meekly so far,
[09:49] {Threei} but if consolidates here and breaks .50, looks promising
[09:50] {Threei} LVS, don't do this to me
[09:50] {Threei} come back to eartjh
[09:50] {Threei} I have enough regrets in my life as it is
[09:50] {Les} don't I feel bad for scalping it
[09:50] {Threei} oh good, someone feels worse thatn I do
[09:50] {Threei} thank you les
[09:51] {Threei} my morning just became brighter
[09:51] {Les} your punching bag anytime :/
[09:51] {Threei} profited, slapped magool and found someone more miserable
[09:51] {nemo} aig coming into bounce?
[09:51] {Threei} shapes up as a great morning
[09:51] {Les} wfc?
[09:52] {Threei} nemo, I decided to stay away from AIG today, sorry
[09:52] {nemo} ?
[09:52] {dino} apol sm l .74
[09:52] {Threei} it's just too treacherous
[09:52] {Threei} probably ready Les
[09:52] {Threei} WFC I mean
[09:52] {Threei} watch market for guidance,
[09:53] {Threei} hopefully we get market spike/WFC pause
[09:53] {Les} vvus hod break?
[09:53] {Threei} beter yet, FAS
[09:53] {Threei} probably better guide for WFC
[09:53] {shorty} You watch the dj Threei for WFC?
[09:53] {Threei} SPY shorty
[09:53] {shorty} ty
[09:54] {Threei} VVUS... I think .50 - .55 zone,
[09:54] {Threei} but with strong market only
[09:54] {nemo} where stop on apol dino
[09:54] {Threei} VVUS looks like steady climb candidate but it won't go against market
[09:54] {Threei} here comes class warfare:
[09:54] {Threei} SP) Spain's CCOO union: austerity measures will damage growth and increase unemployment
[09:54] {Threei} - union suggests selective tax increases as an alternative
[09:55] {Threei} don't cut anything, just tax rich bastards
[09:56] {Threei} RINO Hearing Rodman and Renshaw making positive comments, reiterates $40 PT
[09:56] {dino} bingo
[09:56] {magoo} news GS vad or normal?
[09:56] {Les} s wfc .45
[09:56] {jfjf64} nflx
[09:57] {jfjf64} wow
[09:57] {Threei} nothing fvresh mags
[10:00] {shorty} See you guys in an hour
[10:00] {Threei} we will be here
[10:00] {Threei} WFC held well
[10:00] {dino} apol stopped-.26
[10:01] {Threei} decent market bounce should catapult it
[10:01] {Les} I hate it when you say things like that
[10:02] {Threei} hmm?
[10:02] {Threei} then you must hate me 99% of the time
[10:02] {dptl} in wfc
[10:02] {magoo} GOD DAMMIT this mIRC
[10:02] {Threei} I say things like this quite often, lol
[10:02] {jfjf64} x bounce 3i
[10:03] {Threei} need pullback to about .50, j for entry jf
[10:04] {Threei} desirably, brief dive under .50 and recross for buy
[10:04] {jfjf64} ty 3i
[10:04] {Threei} WFC 1:1 is coming
[10:04] {Threei} make up your mind
[10:04] {Threei} scalp of half
[10:04] {Threei} I have no indication
[10:05] {Threei} so personal decision
[10:05] {Threei} unlike LVS where I was very confident of bigger potential
[10:05] {dino} china hot today, cagc, pwrd, rino, snda
[10:06] {Threei} out with my scalp
[10:06] {dino} out flr -.31
[10:07] {Threei} strider, you here?
[10:08] {magoo} im looking for .80- area wfc
[10:08] {Threei} who partialed WFC, congratulations
[10:08] {Threei} 1:2
[10:09] {dptl} ty wfc Vad +.10
[10:09] {Threei} welcome
[10:09] {Threei} now les, fess up... why oh why do you hate me
[10:09] {Les} 15:56 Les s wfc .45
[10:09] {Threei} oh... I missed that
[10:09] {Les} 16:00 Threei WFC held well
[10:10] {Threei} so what, covered for 6 cents and reversed
[10:10] {Les} y
[10:10] {Threei} and made out like bandit on a long side
[10:10] {Les} no
[10:11] {Les} should have held out for full 10 cents
[10:11] {Threei} like half-bandit?
[10:11] {Les} one armed bandit yeh
[10:11] {Threei} lol
[10:11] {Les} sometimes you eat the money sometimes you pay it out
[10:11] {Threei} and sometimes it rains?
[10:12] {Les} indeed
[10:12] {Les} aig .75 break?
[10:12] {Les} or you not playing?
[10:13] {Threei} no, not today
[10:13] {Threei} I want to distance myself from AIG for a day or two
[10:13] {Threei} and reevaluate my view on how it moves
[10:13] {dino} nflx wow
[10:13] {magoo} nflx nuts
[10:14] {Threei} NFLX today looks like one of those that will invoke quite a few wows before the day is over
[10:14] {Threei} HGSI Hearing takeover chatter circulating
[10:14] {Threei} - Glaxosmithkline rumored as a potential acquirer (26.98, +0.74, 2.82%) (related GSK )
[10:15] {jfjf64} cenx .06 break
[10:16] {dino} amed afam
[10:16] {Threei} looks right jf, jusr very slow
[10:16] {Les} took nflx for a scalp .50
[10:17] {ese} out dvax.00 even.....this was goin nowhere fast
[10:17] {Threei} something's worng with it ese
[10:17] {RonS} dino, U.S. lawmakers investigating home healthcare cos 05/13 08:14 AM
[10:17] {Les} now that made out like a bandit for just 200 shares
[10:17] {ese} ya i think so vad
[10:17] {Les} took it on a .75 pullback
[10:18] {magoo} thinking .83 WFC
[10:18] {magoo} .87
[10:18] {magoo} .91
[10:18] {Les} you still holding wfc mags?
[10:18] {magoo} yup
[10:18] {Les} lol damn
[10:19] {Threei} BIDU, interesting selling
[10:19] {Threei} should be a bouncer 15-20 cents lower
[10:19] {jfjf64} cenx
[10:20] {Threei} watch BIDU for bounce setup
[10:20] {jfjf64} ya ya
[10:20] {magoo} out .79 WFC triple
[10:20] {Threei} wtg
[10:21] {Les} took bidu for +.10 ty sir
[10:21] {Threei} sure
[10:21] {Threei} whew
[10:21] {Threei} .85 - .15
[10:21] {ese} nice one mags....just checked thqt out
[10:22] {Threei} diapers change
[10:23] {Threei} new wave of selling should take it under .50
[10:24] {Threei} ok... no entry then
[10:24] {Les} wfc doesn't look like stopping
[10:24] {dino} i am confused today
[10:24] {Threei} today? you are lucky
[10:25] {Threei} feel more and more confused by day oer last, umm, 20 years
[10:25] {Les} alzheimers
[10:25] {dino} my regulars are all pretty much up, but markets are not, except ndx. sort of backwards
[10:26] {magoo} ese, .48 to .79 3k
[10:26] {Threei} wow BIDU
[10:26] {magoo} like that type best anymore, F aapl
[10:26] {dino} 800
[10:26] {Threei} not ready for bounce yet
[10:27] {nemo} bounced at pivot support
[10:27] {magoo} im kinda evolviong into bigger shares, less move
[10:28] {nemo} becoming one with ese
[10:28] {magoo} i guress SY one day wonder vad, limited range today
[10:28] {nemo} the price is in
[10:28] {Threei} buyout mags
[10:28] {Threei} it was true
[10:29] {magoo} oh, whats price ?64?
[10:29] {Threei} confirmed after hours
[10:29] {magoo} oh, i left early daughter sick
[10:29] {Threei} 65
[10:29] {magoo} shes here today, only 7
[10:29] {Threei} we will behave
[10:30] {Threei} UNG
[10:30] {Threei} - 8th straight weekly build in natural gas inventories
[10:31] {dino} sm l .95
[10:31] {nemo} what stock dino?
[10:31] {dino} vit
[10:31] {ese} Lnvda .09 aggressive entry looking for .10 break
[10:32] {ese} gettin mrkt help ....thats good
[10:32] {Les} watching from sidelines now. bidu has made my day
[10:32] {Threei} BIDU is almost ready
[10:32] {Les} ok. maybe one more time
[10:33] {dino} all green
[10:33] {Threei} SOMX Hearing Harry Boxer makes positive comments
[10:33] {dino} he should shave
[10:33] {Threei} lol
[10:33] {ese} les what was your move with bidu.......missed your call
[10:34] {magoo} dont see much positive coming out of harry boxeers
[10:34] {Threei} ese totally ignores me today
[10:34] {nemo} ha! BIDU broke out of an Inverse H&S just like it did yesterday morning
[10:34] {Threei} LVS, WFC, BIDU
[10:34] {dino} i don't blame him
[10:35] {ese} sorry vad what did i miss
[10:35] {Les} can't call it ese. I short on the bounce. long on the pullback .5 cent stops
[10:35] {Threei} yeah dino, now tnhat I think about it...
[10:35] {ese} ahhhhhhhhhh appologies
[10:35] {ese} out nvda .15
[10:35] {ese} +.06
[10:36] {ese} ouuuuuuuu 2 seconds more and???????
[10:36] {RonS} ese, nvda reports ah
[10:36] {dino} elx l .65
[10:36] {ese} ya today after mrkt close i believe shorty
[10:37] {ese} if i read the mrkt for nvda....they like whats coming
[10:48] {nemo} .
[10:49] {magoo} 714 was the split, so 71 dollar was bidu lel , and that = 714 which is nuts
[10:50] {magoo} so, it could see 71 (not saying it will)
[10:50] {Les} another +.54 on bidu. not risking anymore. c u's tomorrow
[10:51] {Les} I've got some reading for studies to do
[10:51] {dino} goog goes back to china bidu could see 50
[10:51] {dino} cya les
[10:51] {Les} I love the idea of clearing $350 in 1 1/2 hrs
[10:51] {Les} screw work
[10:52] {magoo} right, my point dino, x 10=500, totally possible
[10:52] {Threei} take care Les, good job
[10:52] {jfjf64} this is work no vad
[10:52] {ese} yup....that'll keep yo in switzerland for sure les
[10:56] {ese} be back in 30.....taking the kids to school
[11:00] {nemo} AWIAV?
[11:00] {magoo} [11:01] {nemo} AWIAV?
[11:01] {Threei} no
[11:01] {magoo} have to consider today could be THE day to ROT
[11:01] {Threei} yes but
[11:01] {Threei} BIDU
[11:01] {Threei} 71 break seems workable
[11:01] {magoo} 71?
[11:01] {Threei} 79
[11:02] {magoo} CRAP..8 ponts in a sec
[11:02] {nemo} half lot
[11:02] {nemo} ?
[11:02] {magoo} joke
[11:02] {Threei} invalidated
[11:02] {nemo} db bounce maybe
[11:03] {magoo} im wondering if its the days greatest short and may hit 71 today, seriously
[11:03] {Threei} RIG Affiliates File Limitation Of Liability Petition
[11:04] {strider} CVGI thin
[11:08] {Threei} strider... look dcc pls
[11:09] {nemo} quote server please
[11:09] {nemo} bidu just broke yesterday
[11:09] {Threei} 17
[11:09] {nemo} close
[11:09] {dptl} 3
[11:17] {RonS} .
[11:18] {nemo} bidu breaking trend line
[11:18] {dino} flr sm l .35
[11:21] {dino} cyd sm l .70
[11:29] {Threei} BIDU
[11:29] {Threei} seems riping for bounce
[11:31] {nemo} not yet
[11:31] {Threei} one more leg down
[11:31] {jfjf64} good day all got to run
[11:32] {Threei} take care jf
[11:32] {dino} cya
[11:32] {nemo} lotta' volume on this leg down bidu
[11:32] {jfjf64} going to cavs gm tonight
[11:32] {nemo} I'm a celts fan :)
[11:32] {magoo} shorted .00, cov .45
[11:32] {magoo} bidu
[11:33] {jfjf64} nice nemo
[11:33] {nemo} 20 miles from boston
[11:33] {jfjf64} im a ticket broker
[11:33] {nemo} nice
[11:33] {jfjf64} need cavs to win tonight need game 7
[11:34] {jfjf64} $$$$$$$$$$$$$$$$$$$
[11:34] {nemo} I don't
[11:34] {magoo} where long vad? near .11
[11:34] {jfjf64} lol
[11:34] {Threei} no idea, can't tell in advance
[11:44] {nemo} maybe inverse H&S on Bidu?
[11:45] {Threei} probably... too jumoy to tell
[11:45] {Threei} jumpy
[11:46] {Threei} was a bit more manageable yesterday
[11:46] {nemo} well, right now, looks like that's what it's building
[11:46] {Threei} yes
[11:46] {Threei} ETFC Shareholders approve board proposal for 1-for-10 reverse stock split
[11:48] {Threei} US) EPA finalizes greenhouse gas emission rules, new regulations cover plants emitting +100K tons of Co2 per year
[11:49] {_stewy} 3i, thx. must go. see you in the a.m.
[11:49] {Threei} take care stewy
[11:50] {nemo} fas
[11:50] {nemo} sorry
[11:50] {nemo} wow nflx up big again today
[11:53] {strider} dino, you still in CYD?
[11:56] {dptl} jwn short?
[11:56] {dino} y
[11:56] {dino} watching vit for re-test lod, was stopped earlier
[11:56] {Threei} hard to tell dp... thin...
[11:57] {dino} amed, afam, hmmmm
[11:57] {dino} amed 51.75 maybe sm l
[11:57] {dptl} ty
[12:12] {dptl} tie short?
[12:13] {dptl} .70?
[12:13] {Threei} nah
[12:14] {dptl} tell why you don't like it..... please?
[12:17] {Threei} too narrow and slow, and the way market goes,
[12:17] {Threei} there is a good chance that market reverses before it gives you your profit
[12:18] {dptl} ok ty
[12:19] {dino} apol lod
[12:20] {dino} vit sm l .26
[12:23] {dino} apol .08 sm l
[12:32] {Threei} US) Administration Advisor Volcker: Argument can be made for a 'stiff' carbon tax; must start to discuss topic of higher taxes in the US
[12:32] {Threei} - says US recovery going better than anticipated, could continue if there are no external shocks
[12:33] {Threei} can you believe this?
[12:33] {dino} out of touch
[12:33] {Threei} argment can be made they all are morons
[12:33] {Threei} and I will win this argument
[12:33] {dino} why can govt never cut spending?
[12:34] {dino} argument can be made my way too
[12:36] {dino} amed sm l .91 risky
[12:43] {dino} bac a c also made $ every day trading last quarter
[12:44] {dino} lft spike
[12:45] {Threei} LVS
[12:51] {Threei} where is New Year at this time?
[12:51] {dino} sm s lft .25
[12:52] {Threei} 'cause I got e-mail offering me another 5 million dollars starting with:
[12:52] {Threei} Dearest in Christ.
[12:52] {Threei} May this New Year be a song of thanksgiving, an offering of praise, a celebration of God's love in his amazing grace, a joyous New Year to you and your family, Happy New Year.
[12:52] {Threei}
[12:53] {Threei} okay...
[12:53] {dino} a bit late for new year
[12:53] {nemo} Dearest in Anti-Christ maybe...
[12:54] {dino} whatever, just take the money
[12:54] {dino} lft stopped -.26
[12:54] {Threei} I can't help but wonder... these guys just can't be that removed from rfeal life to think thnat USA is in any kind of shape for higher taxes... can they?
[13:00] {dino} i think you miss the point 3i. they don't care. they just want votes from average guy, who belives all of this crap. it is that simple
[13:00] {Threei} no, I understand...
[13:00] {Threei} I guess I just don't want to believe it
[13:00] {dino} if they really cared about the country they would cut spending.
[13:00] {nemo} spending=votes
[13:01] {dino} believe it and set yourself free
[13:01] {Threei} see, I already have seen it all
[13:01] {Threei} country run into the ground by people who just didn't care about anything but the nearest career step
[13:01] {Threei} nobosy cared about anything
[13:02] {Threei} I know how it ends
[13:02] {dino} why do you think they have been dumbing down the testing in schools since 1990s? dumb down the people who eventually vote, they believe everything they read and hear. i tell my kids to question everything.
[13:03] {Threei} it just painful to realize that the best country in the world follows those same steps
[13:03] {magoo} MCO
[13:03] {magoo} MCO
[13:03] {dino} its all about power
[13:03] {dino} greed
[13:03] {dino} and of course the politics of envy
[13:03] {nemo} wow, what's with mco
[13:03] {Threei} US) Senator Franken (D-MN) amendment to create a new credit rating system close to passage; vote ongoing
[13:03] {Threei} - amendment also calls for increased regulation of credit rating agencies
[13:03] {Threei} - final vote 64-35
[13:03] {Threei} Related (MHP MCO FIM.FR )
[13:04] {dino} welfare has doomed generation after generation to poverty for most that take it
[13:05] {dino} obamination won the cities not the states
[13:06] {Threei} (US) Fed's Bernanke: Have concerns about Congress's proposals that force spin off of swaps desks from banks
[13:12] {Threei} what do you know... Harry Boxer actually called profitable trade
[13:12] {Threei} SOMX
[13:12] {Threei} too bad we haven't trusted him
[13:13] {Threei} BP Spokesperson: The smaller containment structure will not be in place until next week
[13:13] {dino} lft rinsed
[13:14] {Threei} Deutsche Bank AG CEO: Euro Zone rescue package helps stabilize Spain and Italy, warns Portugal is a different issue
[13:14] {Threei} - Notes that there is some doubt that Greece can repay debt over a period of time; Italy, Spain are strong enough to service their debt.
[13:14] {Threei} - Comments that there is no risk of inflation in the Euro Zone over the next 2-3 years.
[13:14] {Threei} - Portugal will have more trouble servicing its debt than Spain or Italy.
[13:14] {dino} out vit .86, +.70
[13:14] {dino} opps, +.60
[13:14] {strider} had me scratcvhing my head, there dino.
[13:14] {dino} lol
[13:14] {strider} that's scratching in yiddish.
[13:15] {dino} my mind is tired, keep looking at wrong stocks
[13:15] {strider} you still in amed?
[13:15] {dino} y
[13:16] {strider} CYD sure is disappointing.
[13:16] {dino} stop is .54
[13:16] {Threei} crap
[13:17] {dino} understatement
[13:17] {Threei} had a feeling LVS was getting ready for a move,
[13:17] {Threei} but pullback was a bit too deep
[13:17] {Threei} so I dismissed it
[13:19] {strider} APOL looks like a move coming
[13:21] {dino} in at .08
[13:27] {Threei} wow
[13:28] {Threei} I thought I heard all the nonsense there is for the day
[13:28] {Threei} but this takes a prize:
[13:28] {Threei} ECB's Quaden: the Euro saved the EU from experiencing a currency crisis
[13:28] {nemo} in the short term
[13:29] {RonS} ...circular thinking or circle jerk...
[13:29] {nemo} with 60 grit
[13:30] {Threei} must be nice to have this total disconnection of tongue from brain
[13:30] {Threei} GERN Announces Positive Study Data on GRNCM1 (5.76, +0.03, 0.52%)
[13:30] {strider} We talking about les?
[13:30] {Threei} oh come on, he is not here
[13:31] {strider} oh. OK. Didn't realize. That's not fair.
[13:31] {strider} I retract my statement.
[13:31] {strider} Are wwe talking about (fill in your favorite politician here)?
[13:31] {Threei} reported positive preclinical study data showing that GRNCM1, Gerons cardiomyocyte product derived from human embryonic stem cells (hESCs), does not cause cardiac arrhythmias after transplantation into a model of chronic heart damage designed to test this potential safety concern. GRNCM1 is being developed for the treatment of heart failuure
[13:33] {shorty} Are we in anything?
[13:33] {nemo} NO
[13:33] {strider} I"ve got 1 of everything.
[13:33] {dino} y
[13:33] {nemo} Oh yeah...dino
[13:34] {shorty} I could have guessed that dino was.
[13:35] {dino} amed
[13:35] {Threei} AMED Issues statement; will cooperate wiht Senate inquiry
[13:35] {Threei} The letter of inquiry received from Senators Grassley and Baucus references an article published recently in The Wall Street Journal. The article told an incomplete story about the value of home health to patients, their families, and the overall healthcare system.
[13:35] {Threei} - CEO: "We will cooperate with the Committees inquiry. We also look forward to discussing with the Senators the many benefits and advantages home health care provides for the millions of Americans our industry serves"
[13:35] {dino} lol
[13:37] {Threei} ECB's Quaden: Inflation is gone, and will allow period of low interest rates
[13:38] {Threei} inflation be gone... deflation be embraced
[13:39] {dino} these politicians are idiots
[13:40] {Threei} well... yeah
[13:40] {Threei} lol
[13:40] {Threei} but this situation goes well with theor ideology
[13:40] {Threei} I mean, zero or close to it rates
[13:40] {Threei} who does it work for, rich guy or their beloved have-not class?
[13:41] {dino} just wait until they suggest to outlaw market and bond and currency drops
[13:41] {Threei} widely hated rich guy has no return on his money in money market
[13:41] {Threei} and doesn't benefit from cheaop loans since he doesn't borrow
[13:42] {dino} it works for the banks only 3i, they borrow at zero and loan at 4 or 5%
[13:42] {Threei} poor bum on the other hand gets almost free loans, and has no money to earn interest on
[13:42] {nemo} bidu touched uptrend line
[13:43] {dino} or as they do in us, borrow at zero and then buy govt bonds/notes, no risk spread
[13:43] {Threei} nice racket
[13:43] {Threei} unless givt plans to default on those
[13:44] {dino} defaults are soon to be outlawed as you see in euro
[13:44] {Threei} well, socialistic govt in US may do it just put of spite
[13:44] {dino} out amed +.03 bad entry
[13:45] {Threei} "we owe you? nope... we don't.'
[13:45] {dino} next, you cannot fire or layoff workers, mr reardon
[13:50] {Threei} MCO shrugged it all off after all
[13:50] {Threei} US) Fed's Fisher: Observing some stronger growth prospects in the US economy
[13:50] {Threei} wow...
[13:50] {Threei} what a great visionary
[13:51] {nemo} Fischer's gone over to the dark side
[13:51] {Threei} or off the deep end
[13:54] {strider} BIDU
[13:59] {Threei} (US) Fed's Kocherlakota: There is no need at the moment to extend swap lines to China
[13:59] {Threei} no?
[13:59] {Threei} strange
[14:00] {Threei} GERN almost all the wat back
[14:03] {dino} should've held onto vit
[14:03] {dino} gut says we go up
[14:04] {strider} CVGI near 2 year high
[14:04] {dino} cf sm l .20
[14:05] {Threei} strider, look PM please
[14:14] {Threei} The Goldman Sachs Group Inc Goldman's Abby Joseph Cohen: Our client businesses remain quite robust - CNBC
[14:14] {Threei} - sees S&P 500 at 1250, all things considered from fundamental perspective
[14:14] {nemo} I'm surprised somebody hasn't shot her yet
[14:14] {Threei} lol, why
[14:15] {Threei} I don't follow her much
[14:15] {nemo} I can't stand listening to her
[14:15] {RonS} ajc...perma-bull...
[14:23] {RonS} 3i, short bidu 76 break?
[14:23] {nemo} 76 or .76
[14:23] {Threei} I don't have a grip on it today
[14:23] {magoo} i wouldnt
[14:23] {Threei} and, 76??
[14:23] {Threei} it's 90 cents from there
[14:24] {RonS} ...just preparing...i am slow like politician...
[14:24] {Threei} lol
[14:24] {Threei} but, how to tell in dvance not knowwing how it gets there
[14:25] {Threei} envision sharp drop from here
[14:25] {Threei} 80 cents in one long red bar
[14:25] {Threei} will you short it at 76?
[14:25] {dino} cf stopped -.27
[14:25] {RonS} oh ya, keep forgetting that lecture
[14:25] {Threei} :)
[14:25] {Threei} folks, just in case you forgot
[14:25] {Threei} or didn't know:
[14:25] {Threei} US) President Obama: US economy is headed in the right direction
[14:26] {strider} Well, at least we know what APOL should cost.
[14:26] {strider} That's one less thing.
[14:26] {dino} ?
[14:27] {strider} Just looking at the chart for last 30 minutes.
[14:27] {Threei} NFLX Hearing UBS downgrades to Sell from Neutral
[14:27] {strider} Seem to have reached a consensus.
[14:27] {Threei} hmmm
[14:27] {Threei} this is rare case
[14:27] {Threei} usually they only upgrade at the highs
[14:28] {RonS} ...maybe they called Les.
[14:28] {RonS} dino, you still in elx...the offers have been relentless
[14:29] {dptl} mco short?
[14:29] {Threei} well... market is dropping...
[14:29] {Threei} maybe just as a following
[14:30] {Threei} by itself, it's not really a short
[14:30] {dptl} hmm...ok ty......
[14:32] {Threei} say what?
[14:32] {Threei} president just said we gain jobs 4 months in a row
[14:33] {Threei} what did I miss?
[14:33] {strider} NFLX
[14:33] {RonS} ...did he say that in Buffalo?...teaching the world what buffaloed means...
[14:34] {Threei} yes
[14:34] {Threei} speaks right now
[14:34] {Threei} I saw a slowdown of job losses
[14:34] {Threei} I haven';t seen gain
[14:34] {Threei} unless I misunderstood something
[14:35] {dino} you are correct
[14:35] {Threei} BP Senate reportedly blocks bill aimed at removing oil spill liability limits
[14:35] {dino} lies, lies, and more lies
[14:35] {RonS} i just hope he saw this:
[14:35] {Threei} -BP spiked
[14:36] {dino} same as gm saying they paid govt back
[14:36] {Threei} sigh
[14:36] {RonS} Effort to Raise Oil-Spill Damages Limit Blocked in Senate 05/13 12:34 PM
[14:37] {Threei} I'd expect BP to do more on this
[14:37] {RonS} sorry 3i...did not see your post...
[14:37] {Threei} this seems to be abig frikin deal
[14:41] {Threei} no worry Ron, good to have insurance
[14:42] {Threei} US) Senators from states of California, Oregon and Washington introduced legislation to ban oil drilling off the West Coast - Businessweek
[14:43] {nemo} all six of them
[14:43] {Threei} - The measure would amend the Outer Continental Shelf Lands Act to impose a permanent ban on drilling off the three states.
[14:43] {Threei} letter in the local paper, I just have to share it with you
[14:43] {Threei} a gal writes:
[14:44] {Threei} I don't get it, why do we continue drilling, and using oil at all,
[14:44] {Threei} are we blind, or idiots?
[14:44] {Threei} What could be simpler:
[14:44] {Threei} use solar, wind, tode, don't buy cars, use bikes, walk and take bus.
[14:45] {Threei} That's it, problems solved.
[14:45] {Threei} I am so ful of envy... her world must be beautiful
[14:45] {Threei} everything is so simple
[14:46] {shorty} Have you seen the wind turbine in Toronto when it's 40 C, and the demand for energy is up?
[14:47] {Threei} it tries to fly away?
[14:47] {shorty} Yes it does, but it needs wind to do that.
[14:48] {Threei} so, it buys a jet, attaches it, buys gasoline... and flies
[14:48] {shorty} lol
[14:48] {Threei} but seriously... life is great for that gal
[14:48] {Threei} reminds me a soviet joke...
[14:49] {Threei} professor takes exam, course is called scientific communism (real thing btw)
[14:49] {nemo} Soviet theology class
[14:49] {Threei} yes
[14:49] {Threei} student answers a few questions, with "I have no idea"
[14:49] {nemo} Heard all about it
[14:50] {Threei} questions go more and more basic,
[14:50] {Threei} finally come to:
[14:50] {Threei} what is socialism? capitalism? communism?
[14:50] {Threei} guy answers all of them with I have no idea
[14:50] {Threei} professor asks "young man, where areyou from'?
[14:50] {Threei} student says Uryupinsk
[14:51] {Threei} professor, crying bitterly: I want to live in Uryupinsk...
[14:52] {Threei} sigh... whatever
[14:52] {Threei} I hate you all
[14:52] {nemo} Oh, I get it
[14:52] {Threei} too late
[14:52] {Threei} I am cryting bitterly
[14:52] {RonS} now, THAT is funny...
[14:52] {nemo} Look....
[14:52] {Threei} and want to live i Uryupinsk
[14:52] {nemo} it doesn't translate so easily, you have to think about it
[14:52] {nemo} plus you don't see a face in the delivery
[14:53] {Threei} oh come on... it's my face
[14:53] {nemo} nevermind
[14:53] {Threei} why would you ever want to seee it
[14:53] {nemo} facial expression in the delivery
[14:53] {Threei} Nakabayashi Co to purchase day planner from the Japan unit of FC - price estimated at 500M
[14:54] {Threei} sh*t... it must be great day planner
[14:54] {Threei} oh... day planner business
[14:54] {RonS} ...i would plan for $400 mil
[14:54] {Threei} no kidding
[14:54] {shorty} crap! It's too late to get my money back from this course. I totally forgot.
[14:54] {nemo} ?
[14:54] {Threei} as if it was ever a good time
[14:56] {shorty} dino..CLF?
[14:56] {dino} out idsa .42, +.29
[14:56] {strider} Gotta run some errands, guys. See you in the morning.
[14:56] {Threei} lol... dino, don't tell him
[14:56] {shorty} lol
[14:56] {Threei} take care strider
[14:56] {strider} :)
[14:56] {Threei} BIDU
[14:57] {Threei} maybe soon
[14:57] {Threei} speaking of that short Ron
[14:57] {dino} clf depends on s/p dji imo
[14:57] {RonS} yep
[14:57] {shorty} I should know that by now dino...thanks
[14:57] {Threei} some consolidation, then bvreak with market's help
[14:58] {Threei} but keep it very reasonable size wise
[14:58] {Threei} volatility is horrific
[14:58] {Threei} well, not as bad is before split of course
[14:58] {dino} like here, .00 w/stop at lod perhaps
[14:58] {Threei} is = as
[14:58] {dino} not in
[15:00] {nemo} I gotta' head out morow
[15:00] {Threei} take care nemo
[15:00] {shorty} bye
[15:00] {Threei} BIDU looks very...
[15:00] {Threei} ominous
[15:01] {Threei} backed off from a brink
[15:02] {shorty} out + .14 CLF thanks dino for the help.
[15:04] {dino} gj
[15:11] {Threei} clarification:
[15:11] {Threei} British Petroleum plc Senate Republicans block Democratic effort to lift cap on liabilities owed for economic damages stemming from oil spills
[15:11] {Threei} - Senate Democrats, led by Senator Menendez (D-NJ), sought to raise the cap on economic damage claims agains oil companies for spills to $10B from the present level of $75M.
[15:11] {Threei} - The measure was blocked by Republicans on the basis that it would force smaller companies out of the offshore oil drilling market.
[15:12] {dino} not to mention retro-active law changes should be illegal
[15:12] {Threei} heh
[15:13] {shorty} Have a great day everyone. Thanks Threei.
[15:13] {Threei} take care shorty
[15:13] {dino} cya shorty
[15:13] {shorty} cya dino
[15:13] {Threei} not with this administration dino... remember AIG bonuses?
[15:14] {dino} it's just not right
[15:14] {dino} pretty good drop
[15:17] {Threei} SOMX is holding pretty well
[15:17] {dino} ndx gap from tues. 1940
[15:19] {Threei} US) Amendment to Senate financial reform bill that would require bankruptcy for troubled non-bank financial institutions will not likely pass; vote is ongoing
[15:19] {Threei} - Amendment proposed by Senator Sessions (R-AL)
[15:19] {Threei} - final vote 58-42
[15:22] {dino} clf sm l .50
[15:25] {Threei} Ron, you shorted BIDU?
[15:26] {RonS} did not...
[15:26] {Threei} aww
[15:26] {Threei} it nicely consolidated and broke
[15:26] {RonS} ...lesson for the future
[15:27] {Threei} anyway, see from the chart what I mean?
[15:27] {RonS} yes
[15:27] {Threei} :)
[15:31] {dino} cf sm l .50
[15:33] {dino} bwld l .00
[15:36] {Threei} GR) Reportedly explosion heard outside of main prison in Athens
[15:37] {dino} clf stopped
[15:38] {Threei} BIDU is cratering today
[15:39] {dino} cf stopped
[15:39] {dino} bwld stopped
[15:40] {RonS} :/
[15:41] {dino} not a good way to end day
[15:42] {Threei} USD moves to session highs against the CAD, EUR, GBP, and CHF
[15:43] {RonS} :) go $/CAD!
[15:43] {dino} ndx gap 1940 filled
[15:44] {dino} fdx l .00
[15:44] {dptl} have a good evening all
[15:44] {dino} cya
[15:44] {RonS} cya dp
[15:45] {dino} out fdx .26
[15:46] {dino} +.26
[15:46] {dino} well made up for the 3 misses
[15:46] {dino} w/that calling it a day, baseball tonight
[15:47] {RonS} cya dino
[15:50] {Threei} take care dp
[15:53] {Threei} yawn
[15:59] {magoo} nite all
[16:01] {Threei} thank you all
[16:01] {Threei} have a good evening, see youi tomorrow