Wednesday, May 12, 2010

May 12 2010

Pulling teeth day. Started with couple missed trades that jumped over the trigger with no chance for entry; continued with couple stops; then 45 cents win on BIDU and 20 on BP turned day into slightly profitable. Then SY came where we caught perfect short entry and then proceeded to beat ourselves up for covering too soon - just couple dollars drop instead of 9-10. Oh well.

Session Time: Wed May 12 00:00:00 2010

[08:22] {strider} out BIDU+.80
[08:22] {strider} 10 for 1 split this morning on BIDU
[08:26] {Threei} nice start
[08:27] {strider} yeah.
[08:30] {Threei} *(US) MAR TRADE BALANCE: -$40.4B V -$40.5BE
[08:30] {strider} time to party
[08:30] {Threei} HNSN Announces FDA Conditional IDE Approval for Evaluating Sensei X Robotic Catheter System for Treatment of Atrial Fibrillation
[08:34] {strider} Morgan Stanley is recently trading at $27.41 in pre-open trading, below its close of $28.38. MS is being investigated by U.S. Federal prosecutors over mortgage deals
[08:41] {Threei} is there any troubles connecting?
[08:42] {RonS} gm, not for me...
[08:42] {Threei} hi Ron
[08:42] {Threei} nemo doesn't seem to be able to walk thrugh the door
[08:43] {Threei} hmm
[08:43] {Threei} MS Federal investigators to probe MS in relation to mortgage-derivatives transactions - WSJ
[08:43] {Threei} - According to the article federal prosecutors are probing whether Morgan Stanley misled investors a... (28.38, -0.48, -1.66%) more... (related XLF IXG GS IEF TLT SPY GLD XAU/USD C UBS WEEKLY )
[08:44] {strider} connect ok here.
[08:44] {Threei} but then:
[08:44] {Threei} - Follow Up as of 3:27 EST: Morgan Stanley official said there is no reason to believe probe is going on as reported in the WSJ.
[08:44] {Threei} what's with language, really
[08:44] {Threei} here is no reason to believe probe is going on
[08:44] {Threei} is there probe or no?
[08:45] {strider} I'm sorry, that's all the time we have for questions.
[08:45] {Threei} I have a reason to believe it's morning
[08:46] {Threei} however Les has reasons to believe it's afternoon
[08:46] {Threei} and nemo has no reason to believe either of us
[08:46] {Threei} crap, I should have chosen politician career path
[08:46] {Threei} this is fun
[08:47] {strider} YOu could run for dog catcher.
[08:48] {Threei} sorry, this reference is beyond my cultural reach
[08:48] {strider} animal control officer
[08:48] {Threei} or, I have no reason to believe I know what it means
[08:48] {strider} used to be elected position in the south.
[08:48] {Threei} who voted? animals?
[08:49] {strider} Yes. Libertarian dogs and cats.
[08:50] {Threei} I could lead a movement "No Collars for Liberated"
[08:50] {strider} On the LMTFA platform
[08:50] {Threei} ot "Unleashed Forever"
[08:51] {strider} This movement spawned the famous "Cows with guns" video.
[08:51] {dptl} good morning
[08:51] {Threei} dp :)
[08:52] {Threei} US) White House Budget Chief Orszag: Expects to see legislative changes to rules on carried interest in next several weeks
[08:52] {Threei} hmm?
[08:56] {RonS} ...what is "carried interest"?
[08:57] {Threei} A share of any profits that the general partners of private equity and hedge funds receive as compensation, despite not contributing any initial funds. This method of compensation seeks to motivate the general partner (fund manager) to work toward improving the fund's performance.
[08:58] {nemo} wow...finally in
[08:58] {Threei} you made it
[08:59] {nemo} yeah, mibbet screwed up also
[08:59] {Threei} strider... what kind of a door guard are you... :(
[08:59] {nemo} Came in through the bathroom window
[08:59] {Threei} you were supposed to let him in 1 min after market open
[09:00] {Threei} probably something on certain routes nemo... I see many not here who are traditionally wake up early enugh
[09:01] {nemo} looks like the rally is back on
[09:05] {strider} nemo....might find this interesting: 10 for 1 split this morning on BIDU
[09:05] {nemo} wow
[09:06] {nemo} makes bidu playable, kinda' sorta'
[09:06] {strider} had a +.80 earlier.
[09:06] {nemo} good for you...
[09:07] {Threei} yeah, magoo can't connect either
[09:08] {strider} tried mibbitt?
[09:09] {Les} mibbit playin up again
[09:09] {Les} morning
[09:09] {Threei} les :)
[09:09] {nemo} was until you arrived
[09:09] {Threei} I think it's eouring issue
06[09:09] * Les slaps nemo around a bit with a large trout
[09:09] {Threei} some can connect, some can't
[09:09] {Threei} and slowly fixes itself
[09:09] {Les} don't like mirc, but at least I can slap
[09:09] {Threei} wow, nemo is getting back in shape Les
[09:09] {nemo} what's on the radar Vad
[09:09] {Les} yeh was getting worried there
[09:10] {nemo} makes it all worthwhile, huh les?
[09:10] {Les} hey I'm easy to please
[09:11] {Threei} honestly, not much on a radar
[09:11] {Threei} quiet morning
[09:12] {RonS} hban?
[09:12] {Threei} HBAN Morgan Stanley Raised HBAN to Overweight from Equal Weight, price target: $8.50
[09:14] {Threei} lol, magoo:
[09:14] {Threei} no need to keep me out of room for first hour....i wont overload u again ...he he
[09:14] {nemo} hehehehe
[09:15] {Les} ? magoo is locked out?
[09:15] {Threei} yeah... may are
[09:15] {Threei} many
[09:15] {Les} keep him sweating
[09:15] {Les} damn, that means no binky today
[09:16] {Threei} BP Expects the smaller "top hat" containment dome to be in operation at Gulf oil leak site by the end of the week
[09:16] {dptl} erts?
[09:17] {Threei} ERTS Reports Q4 $0.07 v $0.05e, R $850M v $836Me
[09:17] {Threei} - Guides Q1 -$0.40 to -$0.35 v -$0.33e, R$460-500M v $520Me
[09:17] {RonS} wish fern was here...ewp...
[09:17] {Les} nice chart. premarket play vad?
[09:17] {Les} erts
[09:17] {Threei} I doubt it les
[09:18] {Threei} crappy guidance
[09:18] {Threei} slightest blip, they will dump it like here is no tomorrow
06[09:19] * Les slaps shorty around a bit with a large trout
[09:19] {Threei} we will have t wait couple month for him to return Ron... depending on how healing goes
[09:19] {strider} what's the healing about?
[09:19] {Threei} (EU) German Vice Chancellor Westerwelle: EU cannot become a wealth transfer system at the expense of Germany
[09:19] {Threei} dcc strider
[09:19] {shorty} good morning
[09:20] {Threei} shorty :)
[09:20] {Threei} (SW) Swedish Fin Min: Supports a stricter framework for EU budgets, but would be inappropriate to submit Swedish budget to EU control
[09:21] {Threei} feel the tone of individual countries?
[09:21] {Threei} this is only the beginning
[09:22] {Threei} Les, just doubleclick on my name to open private chat
[09:22] {Threei} don't use DCC command
[09:22] {nemo} Yeah, you can here that cracking sound for the EU
[09:22] {Threei} SQNM
[09:22] {Threei} Sequenom, Inc Announces $51.6 Million Private Placement
[09:22] {Threei} entered into an agreement to issue and sell an aggregate of 12,435,000 shares of its common stock at $4.15 per share to certain investors.
[09:26] {shorty} Threei, reading this mortgage faud (BMO) it is huge! They have an ex Liberal named in the suit now.
[09:27] {Threei} I missed it shorty.. where is it?
[09:27] {Threei} more focused on US news... :)
[09:27] {Les} RIG rocket
[09:27] {shorty}
[09:27] {Threei} ty
[09:28] {shorty} No woories, it's more entertainment than stock news.
[09:28] {Les} AONE setting up ascending triangle
[09:29] {Threei} AONE had news yesterday after close, new orders
[09:29] {Threei} but trades quite dubiously
[09:29] {Les} .25 break
[09:29] {Les} ah ok
[09:29] {Threei} was in red most of the morning
[09:29] {Threei} weirdo
[09:30] {Threei} sheesh, half of the room is locked out
[09:30] {shorty} ya, got in with mirc
[09:32] {Threei} Short Setup: LVS 24 break
[09:33] {Threei} stop above .10
[09:33] {shorty} Bad entry. 96
[09:33] {Threei} don't use market orders
[09:33] {nemo} yeah just jumped over the break
[09:33] {Les} i lowered share count and chased
[09:35] {Threei} stopped
[09:38] {Threei} Long Setup: WFC .30 break
[09:38] {Threei} if stays above .25 for scalprs
[09:38] {Threei} .20 for dsay traders
[09:38] {nemo} too fast
[09:39] {Threei} 1:1 if anyone got it
[09:39] {strider} not m e
[09:39] {RonS} scalped rig for .50 Thanks Les
[09:39] {nemo} not y o u
[09:39] {strider} t r u e
[09:40] {nemo} s o r r y
[09:40] {Threei} AIG pullback is coming
[09:41] {Les} tried to grap rig on the way down but moving too fast
[09:41] {Threei} BP is a little slower
[09:41] {shorty} short .01 aig covered .80. I can breath
[09:42] {Threei} nice cover
[09:42] {Threei} jumped back up viciously
[09:42] {shorty} Ty
[09:42] {nemo} yeah, this a pungie stick morning
[09:42] {shorty} I was going to post, but fast.
06[09:44] * Les slaps KSystems around a bit with a large trout
[09:44] {Les} that's for making life difficult for the swiss!
[09:44] {KSystems} swiss?
[09:44] {KSystems} is that where the cheese comes from?
[09:44] {shorty} Cheese, talking about cheese
[09:44] {Les} well it ain't the land of bratwurst that's for sure
[09:45] {strider} that's where the holes come from.
[09:45] {Les} holey cheese
[09:45] {nemo} Les' head?
[09:45] {Les} lol that's funny
[09:45] {nemo} I'm reaching
[09:47] {nemo} 1:2 wfc
[09:47] {shorty} nice
[09:49] {Threei} I though you missed it
[09:49] {nemo} I did, just reporting
[09:49] {Threei} got on pullback?
[09:49] {Threei} oh
[09:50] {Threei} Long Setup: BP .90 break
[09:51] {Threei} half out
[09:51] {Threei} scalpers just get out
[09:51] {shorty} wow thank you
[09:51] {dptl} +.09 ty
[09:51] {Threei} argh,, missed AIG
[09:51] {Threei} wanted 44
[09:53] {dptl} tsn?
[09:53] {Threei} not sure... watre torture stock
[09:54] {dptl} long .22
[09:54] {Les} dndn bounce candidate support .54 falling hard
[09:55] {Threei} careful
[09:55] {Threei} this kind of bounce catching looks more like knife catching
[09:55] {Threei} looks very dangerous
[09:55] {Les} ok understand by the way it is selling
[09:56] {Threei} started getting a feel for these things eh?
[09:56] {Les} yeh not one of our commodity bounce plays
[09:56] {Les} not like
[09:56] {Threei} correct
[09:57] {Threei} and I wouldn't be able to explain the difference easily
[09:57] {Threei} this is one of those things you need to observe for a while and get a gut feel for
[09:57] {Les} looks more like AIG moving, then fcx or X
[09:57] {Les} when aig moves fast
[09:59] {dptl} out tsn +.10
[09:59] {Threei} market spike helped
[10:00] {dptl} yep
[10:01] {Threei} looks like this sent market up screaming:
[10:01] {Threei} International Business Machines Corp Expecting FY10 EPS of 'at least $11.20; 2015 operating EPS to reach $20.00/shr; $100B in fresh cash flow - investor day comments
[10:01] {Threei} - sees returning 70% of free cash flow to shareholders
[10:01] {Threei} - sees key drivers in 2010 are share buybacks, margin expansion
[10:01] {Threei} - sees growth initiatives delivering $20B in Revenue growth to 2015
[10:09] {Threei} House panel says blowout preventer at BP well had a significant leak in hydraulic system (39.03, +1.93, 5.20%) (related CAM )
[10:09] {Threei} AIG sharp drop
[10:10] {shorty} AIG again. Looks deceivingly easy.
[10:10] {Threei} AIG is anything but
[10:10] {nemo} diaper material
[10:10] {Threei} it will bite your head off
[10:11] {Threei} AIG Chairman: ops at AIG have stabilized and company has made substantial progress (43.80, +0.91, 2.12%)
[10:14] {Threei} see?
[10:15] {shorty} I see.
[10:15] {Les} aone vad. you got a read?
[10:15] {Threei} dog with fleas
[10:15] {Threei} somethig is seriously wrong with this one
[10:15] {Les} yeh wanna short it
[10:16] {Threei} (US) Fed's Rosengren: Banks should have higher capital requirements and should have methods to retain capital during periods of stresss (related XLF IXG JPM BAC C )
[10:16] {shorty} Had my trigger finger short AIG .09, but.....
[10:16] {Threei} but retaining capital means cut down on loaning
[10:16] {Threei} and powers that be screamed on top odf their lungs demanding banks to loan
[10:16] {Les} lvs wants 24 break
[10:17] {strider} BP near lod
[10:19] {strider} short .47
[10:19] {RonS} ...oil report soon
[10:21] {Threei} AIG started one of its consoidations at the low,
[10:21] {strider} stop BP
[10:21] {Threei} very often it explodes unexpectedly from those
[10:21] {strider} -.06
[10:24] {shorty} AIG bounce 42.75 range? Or just let it be?
[10:25] {strider} DNDN broke down
[10:25] {RonS} aig sm l .10
[10:25] {strider} MS inverse c&h
[10:25] {Threei} that would be pure guess shorty
[10:25] {Threei} how do you come up with that number
[10:25] {Les} s cf small shares .29 looking heavy
[10:25] {RonS} ...devining dino...
[10:26] {shorty} support from yesterday.
[10:26] {Threei} Senate bill that would prohibit "liar loans" and yield spread premiums now has enough votes to pass
[10:26] {Threei} why do you need specific bill forbidding liar loans?
[10:27] {Threei} do we also need a bill prohibiting murders?
[10:27] {Les} to permit other fraudulent loans to take its place
[10:28] {shorty} RonS, nice catch on AIG.
[10:30] {Threei} DOE CRUDE: +1.95M V +1.2ME
[10:30] {Threei} GASOLINE: -2.8M V +500KE; DISTILLATE: +1.4M V +1.2ME
[10:30] {Threei} how about that, AIG
[10:30] {shorty} I wish I knew what those numbers mean Threei.
[10:31] {shorty} Ron picked it up at .10
[10:31] {nemo} There was a crude build in excess of expectations and there was a drawdown of gasoline WAY higher than expected.
[10:31] {Threei} inventories for oil, gasoline and distillate
[10:31] {Threei} weekly numbers
[10:31] {Threei} they mean nothing
[10:31] {Threei} but many react on them
[10:32] {shorty} Just answered my next question...ty
[10:37] {shorty} ZION Threei? b/o or b/d?
[10:39] {Threei} b/d, IMO
[10:39] {shorty} ty
[10:39] {Threei} what was that on BP
06[10:40] * Les slaps _stewy around a bit with a large trout
[10:40] {Les} I think you set the record for finding your way in here stewy
[10:40] {Threei} many are still out there in the wilderness
[10:40] {_stewy} good morning. prefer wad of cash, Les
[10:41] {Les} no such luck
[10:41] {dptl} cat?
[10:41] {Threei} feels down to me from here
[10:42] {Threei} no setup I'd see though
[10:42] {dptl} ye...ty
[10:42] {Threei} ZION spiked sudenly, right from the verge of breakdown
[10:42] {Threei} ese, you made it
[10:42] {dptl} hard to find entrys on that cat
[10:43] {Threei} (US) US administration proposes tax of $0.01/bbl on US oil to create a fund of up to $1.5B for oil spill clean up operations
[10:43] {ese} ahhhhhhhhhhhh haaaaaaaaaaaaaaa!!!!!!!!!!!!!! i'm in
[10:43] {Threei} is there any frikin thing they could think of in other terms than tax?
[10:44] {ese} you scurvy dogs!!!1 who swabbin the poop deck????? ehhhhhhh harrrrrrrrrr
[10:44] {ese} get ta work!!!!!!!!
[10:44] {ese} make some money!!!!!!!!
[10:44] {ese} oh and by the way.....good morning
[10:45] {nemo} zzzzzzzzzzzzzzzz.......zzzzzzzzzzzzzzz
[10:45] {ese} lol
[10:47] {Threei} Long Setup: WFC .60 break
[10:48] {Threei} mags!
[10:48] {Threei} US) Senate poised to reject GOP amendment aimed at removing the requirement for Banks to retain set % of risk in securitized assets; vote ongoing
[10:48] {ese} out ipxl this morning....hold from yesterday .98 +.27
[10:49] {Threei} wtg
06[10:49] * Les slaps magoo around a bit with a large trout
[10:50] {Threei} Ron, you out AIG yet?
[10:50] {ese} tks......was no biggie 1/2 lot
[10:51] {RonS} ya, i got shaken out at .28...bad execution
[10:51] {Threei} DNDN Comes off lows as takeover chatter circulates
[10:51] {Threei} - Roche rumored as a potential acquirer
[10:51] {Threei} AIG is a stock for fast brokers usually... can be challenging even with those
[10:51] {RonS} ...was looking to short zion but it is acting like a bear trap
[10:51] {Threei} yeah, no clean setup anywat
[10:52] {nemo} .54 stop on wfc?
[10:52] {Threei} it never triggered
[10:52] {nemo} well, the invalidation point?
[10:52] {magoo} man, took me awhile
[10:53] {Threei} well, I wanted pullback to show it
[10:53] {Threei} but .50 loss sure kills the setup
[10:53] {magoo} missed u guys, i hate to have vad kick me out every morning
[10:53] {Threei} sorry mags, I'll try to shw some restraint
[10:53] {Threei} I just enjoy kicking so much...
[10:55] {Threei} dino still can't connect?
[10:55] {Threei} (US) Senate rejects GOP amendment aimed at removing the requirement for Banks to retain 5% of risk in securitized assets (related XLF )
[10:55] {magoo} i did him favor...just told him to try
06[10:56] * Les slaps dino around a bit with a large trout
[10:56] {dino} lol
[10:56] {Les} yay, now I'll suck less...
[10:56] {Threei} didn't take long eh dino
[10:56] {magoo} u gay les?
[10:57] {Threei} oh no... not log editing again
[10:57] {Les} me sucky suck
[10:57] {Les} no fool
[10:57] {Les} suck at trading today
[10:57] {dptl} lol
[10:57] {dino} clf odd, played twice long bounces, big drop again after -4.50 yesterday
[10:58] {strider} wfc still good?
[10:58] {Threei} spiked too sharp into resistance
[10:58] {Threei} need a little of consolidation
[10:58] {dino} clf sm l .75
[10:59] {Threei} it gavce some delay vs marlet
[10:59] {Threei} if does it again when market spikes, maybe let's grab it aggressively
[10:59] {Threei} BP dies
[11:00] {Threei} addition to that tax headline:
[11:00] {Threei} (US) US administration proposes tax of $0.01/bbl on US oil to create a fund for oil spill clean up operations; would raise tax to $0.09 from current $0.08/bbl tax
[11:00] {Threei} - seek to retroactively raise BP's liability.
[11:00] {Threei} - reminder: Legislation authored by Sen Menendez seeks to raise of cap to $10B in economic damages.
[11:00] {Threei} raise liability retroactively...
[11:00] {dino} jpm traders made $ every day last quarter too
[11:01] {dino} 118m/day
[11:01] {Threei} how nice for them
[11:01] {Threei} WFC...
[11:01] {Threei} valid
[11:02] {Les} bp squeeze
[11:02] {Threei} hardly
[11:02] {Threei} just a bounce
[11:02] {Les} ok
[11:03] {Les} bloody nice bounce
[11:04] {Les} vad any news nlst?
[11:05] {Threei} 16:00 NLST Reports Q1 -$0.14 v -$0.19 y/y, R$7.9M v $6.7M y/y
[11:05] {dino} idsa
[11:05] {Les} ty s .28 for a day trade
[11:05] {dino} in at .09 eatlier
[11:06] {dino} rick to b/e at .00
[11:06] {Threei} scalpers can use .55 as support for stop on scalp type 1
[11:06] {Threei} day traders, still .50
[11:08] {Les} aig lurking under .50
[11:10] {strider} in WFC .57
[11:11] {nemo} stopped .54
[11:12] {strider} stop .49
[11:12] {strider} ZION broke
[11:12] {Les} stopped and short small shares wfc
[11:16] {dino} clf stopped
[11:22] {Threei} Short Setup: BP .10 break
[11:22] {Threei} if stays under .20
[11:24] {Threei} wow AIG
[11:25] {Les} sigh. looked at aig .15 break but mistrustful of this stock
[11:25] {dino} decent drop
[11:25] {Threei} no go BP
[11:25] {Threei} weird day
[11:27] {Les} I sensed day but started shorting too early. LVS is only now where i wanted it
[11:27] {Les} sensed down day
[11:27] {Les} maybe just random day
[11:28] {Les} shrug
[11:28] {dino} out idsa ave .57, +.48
[11:29] {RonS} mos s .50
[11:29] {dino} stop rick .02, +.02
[11:31] {Threei} aimless wandering day
[11:31] {Threei} random
[11:33] {Les} stopped wfc flat.
[11:35] {dino} clf sm l .00
[11:36] {Threei} no single chart speaks to me
[11:37] {Threei} random mess everywhere
[11:38] {dino} i am bailing too soon again, idsa, rick
[11:38] {dino} chicken trading
[11:38] {nemo} yeah, but at least your green for the day
[11:38] {Threei} AIG pullback to about .50 maybe for bounce
[11:39] {RonS} "it isn't easy being green"
[11:39] {Threei} lol
[11:39] {dino} syut
[11:39] {RonS} Kermit the Frog
[11:42] {strider} what you lookin for with CLF, dino?
[11:42] {Les} hi jf
[11:42] {magoo} profit i believre
[11:42] {Les} welcome to hell
[11:42] {Threei} dns issue dissipates I believce
[11:42] {Threei} a few people are still out there, can't connect
[11:42] {Threei} but mostly fixed
[11:43] {Threei} here is AIG pullback
[11:43] {dino} homb, givn
[11:43] {Threei} quick dive under support
[11:43] {Threei} warch for recross now
[11:43] {Les} ok, back in mibbit
[11:43] {Threei} not against the market though
[11:44] {Threei} Long Setup: AIG .50 break if holding above .40
[11:45] {nemo} right
[11:45] {dptl} lol...
[11:45] {Les} yeh it's all happening today
[11:46] {nemo} I double tapped getting out of the wfc short, not good
[11:47] {dino} givn sm l .51
[11:47] {Threei} same setup again AIG, but watch the market for directional help
[11:48] {dino} wrong, itwas syut at .51 sorry
[11:48] {dino} .22 top
[11:48] {dino} stop
[11:48] {Threei} invalidated
[11:48] {Threei} and unfortunately non-shortable, opposite setup was valid too
[11:48] {nemo} was shortable earlier
[11:48] {shorty} Darn, I can short
[11:49] {Threei} hah, it's back on short list
[11:49] {shorty} You can?
[11:49] {Threei} let's see maybe bounces into resistance
[11:49] {Threei} yes
[11:49] {shorty} Awesome
[11:50] {Threei} no bounce
[11:53] {Threei} look at frikin BP
[11:53] {Threei} did it have to shake our short out before dropping?
[11:54] {nemo} correction, that was the one I double tapped on
[11:56] {dino} tap tap
[11:57] {nemo} yeah, I was short, covered and went long, by accident
[11:57] {Threei} yikes
[11:57] {nemo} yep...and it dropped .06 in a flash before I realized and got out
[11:57] {nemo} not my Spring
[11:58] {dino} homb sm l .57
[11:58] {Threei} jf found his way in
06[11:58] * Threei slaps jfjf64 around a bit with a large compass
[11:59] {Threei} another out of nowhere market spike
[11:59] {jfjf64} mornin
[12:00] {Threei} hi jf
[12:00] {jfjf64} locked me out
[12:00] {Threei} yeah... sorry
[12:00] {nemo} he thought you were magoo
[12:00] {Threei} tech troubled morning
[12:01] {Threei} I think it's those volcanic ashes
[12:02] {RonS} out mos -.18
[12:02] {nemo} evil spirits
[12:02] {Threei} them too
[12:03] {RonS} aig l .45 small
[12:04] {Threei} Long Setup: BIDU .50 break half lot
[12:04] {Threei} if stays above .35
[12:05] {magoo} magoo faints, now ive seen it all
[12:05] {Threei} lol
[12:06] {nemo} lunchtime break out...ow
[12:08] {Threei} come on BIDU
[12:08] {Threei} you know you want 77
[12:09] {dptl} pacr?
[12:10] {Threei} not sure
[12:10] {Threei} (US) Fed's Lockhart: It is impossible to eliminate too big to fail in the short term
[12:10] {Threei} chart looks good but overextended in all time frames, PACR
[12:10] {dptl} ty
[12:11] {shorty} I know it's not much and I am still practicing, but I broke $100 today. First time day trading. I am happy.
[12:11] {dino} gj
[12:11] {Threei} cool beans
[12:11] {Threei} baby steps
[12:11] {shorty} Thanks Threei and dino
[12:12] {dptl} hpq?
[12:12] {dino} shorty, in this business/game, any day up is a good day
[12:12] {shorty} lol
[12:13] {Threei} probably dp...
[12:13] {Threei} ok BIDU, this is getting tiresome
[12:13] {Threei} just go already
[12:13] {dptl} what would be stop on hpq?
[12:13] {Threei} under .50
[12:13] {Threei} .40, sorry
[12:14] {dptl} uok ty
[12:16] {dptl} long hpq
[12:17] {Threei} let's tighten stop to under .40 BIDU
[12:18] {Threei} fiiiinally... sure took its sweet time
[12:18] {Threei} half out
[12:18] {Threei} .67
[12:18] {Threei} scalpers get out
[12:18] {RonS} out bidu +.20 thxs 3i
[12:18] {Threei} welcome sir
[12:19] {Threei} crrrrap... why didn't we short AIG after all
[12:19] {Threei} I remember loooking for entry on bounce
[12:19] {Threei} then I don't remember much
[12:20] {Threei} I was busy thinking that I fulfilled life long dream of magoo - called BIDU for him
[12:20] {Threei} for years he asked me for calls on BIDU amd GOOG
[12:23] {strider} trev, dcc
[12:26] {lasertrev} gothca
[12:26] {Threei} out 1/4 more BIDU .81
[12:26] {Threei} out in full .93
[12:26] {Threei} +.42
[12:26] {Threei} gem of the day
06[12:27] * Threei slaps magoo around a bit with a large roll of cash
06[12:27] * Threei slaps jfjf64 around a bit with a large roll of cash
[12:28] {Threei} wow
[12:29] {Threei} mulligan?
[12:29] {jfjf64} didnt trade it
[12:29] {nemo} bye bye bidu
[12:29] {jfjf64} slap pls
06[12:29] * nemo slaps jfjf64 around a bit with a large lead pipe
[12:29] {jfjf64} ty
06[12:29] * Threei slaps jfjf64 around a bit with a large banner HAVE SOME FAITH!
[12:29] {Les} traded it but let it go as it consolidated. was looking cold. nice spike up
[12:29] {jfjf64} no trade bidu or goog
[12:29] {Threei} you looked at it at least?
[12:30] {Threei} it's new BIDU
[12:30] {Threei} split
[12:30] {jfjf64} i see
[12:30] {Les} ah couldn't understand why so cheap
[12:30] {Threei} lol
[12:30] {dino} out clf .72, +.72
[12:30] {Threei} wtg dino
[12:30] {dino} ty
[12:30] {jfjf64} nice dino
[12:30] {dino} thing is odd trader
[12:30] {dino} look just dropped .25
[12:30] {Threei} what isn't today
[12:31] {RonS} oig aig .62 +.17
[12:31] {dino} f
[12:31] {Threei} I mean, if BIDU is my onl,y readable trade today??
[12:31] {dino} isn't, lol
[12:31] {dino} hard getting out of syut
[12:32] {Threei} couple more worked but were next to impossible to enter
[12:32] {Threei} jumped over the trigger
[12:32] {Threei} at least BIDU covered the stops
[12:32] {Threei} but heck... look at it go
[12:33] {dptl} ah..out hpq +.03
[12:33] {Threei} lol
[12:35] {dino} givn l .10
[12:36] {dino} fire almost lod
[12:40] {jfjf64} bidubidu
[12:41] {Threei} NOW you re interested?
[12:41] {jfjf64} nice trde 3i
[12:41] {Threei} ty
[12:41] {Threei} still looks like has gas... just riskier
[12:42] {jfjf64} y
[12:42] {dino} fire l .30
[12:42] {jfjf64} ouchhhhhhhhhhhhhhhhhh
[12:43] {Threei} dino... is magoo breathing over there?
[12:43] {dino} i hear him talking to himself
[12:44] {magoo} huh?
[12:45] {Threei} tell me you took BIDU and profited from it
[12:45] {Threei} or I never ever call it again
[12:45] {magoo} no bullets
[12:45] {magoo} got some others on HUGE
[12:45] {Les} what happened to DSTI that was a reverse split yesterday? can't find it
[12:45] {Threei} DSTID is symbol
[12:46] {Les} trading at 2.23. that is the reverse split?
[12:46] {Threei} - The reverse stock split will be effective at 6:00 pm, Eastern Time, on May 11, 2010. DayStar's common stock will begin trading on NASDAQ on a split adjusted basis when the market opens on May 12, 2010, under the temporary trading symbol "DSTID."
[12:46] {Threei} - The trading symbol will revert to "DSTI" after approximately 20 trading days.
[12:46] {dino} yes
[12:46] {Les} ok. no play there.
[12:47] {Threei} no
[12:47] {dino} cbeh l .60
[12:51] {Threei} sharp pullback BIDU
[12:52] {Les} s aig .28 small
[12:53] {shorty} JDSU b/p .50 THreei?
[12:53] {shorty} b/o
[12:53] {ese} .
[12:53] {Threei} JDSU is a slow mover requiring fairly large help by market
[12:54] {shorty} ty
[12:54] {Threei} doesan't seem to be right day/time for it
[12:54] {shorty} I should have looked at the chart, exactly what you said.
[12:55] {nemo} rimm bottoming?
[12:55] {Threei} .10 break for double bottom
[12:57] {nemo} in .10
[12:58] {Les} aig stopped
[12:58] {Threei} didn't want aggressive entry?
[12:58] {Threei} I couldn't resist, took .05
[12:58] {Threei} small risk was too tempting
[12:58] {Les} Threei .10 break for double bottom
[12:59] {shorty} What was your stop Threei?
[12:59] {Threei} .95
[12:59] {shorty} Support
[12:59] {Threei} les... howe many ways to play double bottom are here?
[13:00] {Les} oh give me a break. Just playing with ya vad
[13:00] {Threei} play this:
06[13:00] * Threei slaps Les around a bit with a large trout
[13:00] {Les} lol
[13:00] {shorty} I feel a slap coming.
[13:00] {shorty} lol
[13:00] {Les} long rimm myself
[13:00] {Threei} I am not a fan of aggresive entries when we face very important resistance barrier, chinal wall
[13:01] {Threei} with huge offers to break
[13:01] {dino} or china too
[13:01] {Threei} yeah
[13:01] {RonS} dino u gotta tgt at .30
[13:01] {shorty} Threei, did you hear what Putin did to some pirates? Do mess with the Russians.
[13:02] {dino} min .42, would like .50
[13:02] {Threei} Indirect bidders take 41.8% of competitive bids; 24.96% direct bidders, primary dealers take 33.2%
[13:02] {Threei} - 94.55% alotted at the high
[13:02] {Threei} - Median 3.51%, low 3.438%
[13:02] {dino} saw that shorty, do it every time pirates will stop
[13:03] {Threei} I wouldn't expect anything less from them shorty
[13:03] {Threei} J.I Stalin famously said:
[13:03] {Threei} got a man - got a problem. No man - no problem
[13:04] {shorty} If I was a pirate, I would now stay away from Russian ships.
06[13:04] * Threei slaps dptl around a bit with a large volume of Stalin quotes
[13:04] {nemo} frickin rimm
[13:05] {nemo} if it ever breaks .20 shoul run
[13:06] {Les} i like clf
[13:06] {shorty} CLF was kind to me today.
[13:07] {dino} fire stop is .18
[13:07] {Threei} RIMM 1:1
[13:07] {RonS} trade it les and you will change your mind
[13:07] {dino} 3/4 on clf
[13:07] {Threei} shorty, if I maty give you a sound advice,
[13:08] {Threei} pirate or not, stay ouway of Russian ships - period
[13:08] {Threei} even if you manage to find them in Alberta prairies
[13:08] {shorty} lol
[13:08] {Threei} or, especially if you see them there
[13:09] {Threei} I heard a ship in the middle of prairies is a bad omen
[13:09] {nemo} stop rimm Vad?
[13:09] {dino} can't be good
[13:09] {Threei} I would just take profit nemo
[13:10] {Threei} in a bigger scheme of things, it's nothing more than a bounce on RIMM
[13:11] {shorty} I worked with a man who served in the Russian military. One of the best bosses I have ever had, he had a scary calmness to him though. (If that makes sense?)
[13:11] {dino} fwiw we are at yesterdays' hod dji, ndx, s/p
[13:13] {shorty} Would you look to short dino? Or just wait and see?
[13:13] {Threei} iot sure does shorty
[13:13] {Threei} don't short, IMO
[13:13] {magoo} vad, u like AIG long here?
[13:14] {Threei} .30 break mags, yes
[13:14] {nemo} rimm here?
[13:14] {shorty} I want to keep my $100+ might stay on the sidelines for the rest of the day.
[13:14] {magoo} too
[13:14] {Threei} can't tell nemo...
[13:15] {Threei} kind of 50/50 here, can go either way
[13:15] {Les} wfc reaching for hod
[13:16] {Threei} energy and climate bill to be released today
[13:16] {Threei} (US) Fed's Bullard: Greek crisis poses a risk to the economic outlook, overall sees continuing signs of recovery in US economy
[13:16] {Threei} - Expects labor market to improve through the Spring and Summer.
[13:16] {Threei} - US debt burden is lower than Euro Zone member states.
[13:17] {dino} no shorty on short, need signs first
[13:17] {shorty} ty
[13:18] {dino} right now daily higher hi higher lo showing
[13:28] {Les} s nlst .19
[13:29] {Threei} EU) ECB's Trichet: Expecting inflation rate to reach 2% by the end of the year
[13:29] {Threei} - says ECB is not conducting quatitative easing
[13:29] {Threei} no?
[13:30] {Threei} didn't they announce treasury papers bvuying?
[13:31] {dino} they lie
[13:31] {Les} A frenchman couldn't talk straight if it killed him
[13:32] {magoo} i bet u luv shopping walmart les
[13:32] {Les} screw american supermarkets
[13:33] {Les} and they don't exist here
[13:33] {Les} Germans and Frenchies all moved in
[13:33] {magoo} u can always use the xpress line " 10 items or LES"
[13:33] {RonS} lol
[13:33] {Les} oh that is pathetic
[13:33] {RonS} lol
[13:33] {Les} someone slap that man
06[13:34] * nemo slaps Les around a bit with a large lead pipe
[13:34] {nemo} I liked it
[13:34] {RonS} magoo slaps Les with a large roll of walmart customer fat
[13:34] {Threei} lol
[13:35] {dino} out .92, syut +.41
[13:36] {ese} well.....gone....see you tomorow....sorry am not contributing to the board much these days......the end of school years is brutal......either i can concentrate on trading fully or i'm a watcher......don't need to loose money on poor choices
[13:36] {dino} take care es
[13:36] {RonS} which one is Les:
[13:37] {dino} he's in the 5 items or les line
[13:40] {Threei} take care ese
[13:42] {shorty} RonS, so far so good. I have yet to see myself in one of those pics.
[13:42] {RonS} lol
[13:45] {magoo} AIG AIG vad
[13:45] {shorty} RonS, I can't stop looking at these! lol
[13:45] {RonS} ...height of irony from CNN: Wal-Mart pledges $2 billion to fight hunger
[13:47] {Threei} US) Preview: April Monthly Budget Statement due out at 14:00ET
[13:47] {Threei} **consensus expectation: -$57.9Be v -$20.9B y/y
[13:51] {Threei} mags
[13:51] {Threei} if you want AIG, I'd hunt this kind of pullbacks
[13:53] {jfjf64} lookin also help pls
[13:53] {Threei} can't call it exactly, really
[13:54] {jfjf64} 1st show support
[13:54] {Threei} matter of feel more than anything else
[13:54] {jfjf64} hv hard tm pullbks
[13:55] {jfjf64} .05
[13:56] {jfjf64} not bad .05 to penny
[13:57] {magoo} not really liking it yet aig
[13:57] {nemo} Be back in about 20
[13:57] {RonS} aig sm l .10
[13:59] {magoo} so i say
[13:59] {magoo} [13:58] {magoo} not really liking it yet aig
[13:59] {magoo} and ron say
[13:59] {magoo} [13:58] {RonS} aig sm l .10
[14:00] {jfjf64} .01 l spls
[14:00] {Threei} US) APRIL MONTHLY BUDGET STATEMENT: -$82.7B V -$57.9BE
[14:02] {dino} shocking, lol
[14:02] {shorty} dino, thoughts about shorting CLF?
[14:02] {Threei} - Total Receipts: $245.3B v $266.2B y/y (-7.3%)
[14:02] {Threei} - Total spending: $327.9B v $287.1B y/y (+13.2%)
[14:03] {dino} watch dji and s/p imo
[14:04] {shorty} ty...will do
[14:04] {RonS} shorty, it also tends to track the slx
[14:04] {dino} break of 10850 and 1165 y
[14:07] {jfjf64} comon spls ya wanna gooooooooooooooooo
[14:07] {shorty} ahhh.....Makes more sense now. ty. RonS and dino.
[14:10] {Les} crap I was short aig .10 and then covered flat to do dinner. bitchin
[14:10] {dino} shorty, don't blindly follow me, i am wrong about 35% of time
[14:10] {Les} at least its a bit more readable
[14:11] {shorty} Then you are 65% more correct then me.
[14:11] {dino} then you post and i will do opposite
[14:11] {shorty} lol
[14:11] {dino} :D
[14:12] {Les} but tie up reversal in your picks dino, with momentum coming from market rally/selloff - works well
[14:12] {dino} thx
[14:13] {Threei} BP some tension here
[14:14] {Threei} feels like wants up
[14:14] {Threei} dances between .20 and .30 for a while
[14:15] {dino} azz
[14:15] {dino} nah
[14:20] {Threei} strange
[14:20] {Threei} market's upticking but I don't see individual stocks following
[14:21] {jfjf64} bp .30 break vad
[14:22] {Threei} probably...
[14:22] {Threei} won't be easy
[14:22] {jfjf64} to bkeak .30
[14:23] {Threei} to profit
[14:23] {jfjf64} follow
[14:26] {Threei} over 1:1
[14:26] {Threei} this one finally took me in green
[14:26] {Threei} teeh pulling day
[14:26] {Threei} 1:2
[14:29] {Threei} AIG looks like candidate for end of day cratering
[14:29] {Threei} slides even as market retests high
[14:30] {magoo} ya sicjk
[14:30] {jfjf64} lol
[14:32] {nemo} what I miss
[14:32] {Threei} BP 20 cents
[14:32] {nemo} figures
[14:32] {shorty} Hitting Les with a trout.
[14:32] {dino} out homb .92, +.35
[14:39] {Threei} Short Setup: AIG .60 break
[14:39] {Threei} if stays under .70
[14:40] {nemo} invalimudated
[14:40] {Threei} invalidated
[14:40] {Threei} still looks like short, just can't find entry
[14:41] {dino} out fire .42, +.12
[14:41] {dino} like pulling teeth
[14:41] {Threei} totally
[14:47] {RonS} out fire .43 +.13 sheesh it took 10 bid orders to fill
[14:49] {shorty} AIG "I dare you to short me"
[14:50] {Threei} shrug
[14:50] {Threei} need setup for that
[14:50] {Threei} I see none here
[14:53] {Threei} (US) Fed's Bullard: - there is a need to privatize GSEs such that they no longer have an implied government guarantee
[14:53] {Threei} n really?
[14:53] {Threei} got willing buyers lined uop?
[14:54] {dino} wow finally admits it
[14:54] {Threei} heh
[14:54] {Threei} where were they when barney blocked attempt by Bush to do something about GSEs?
[14:55] {Threei} I didn't see any single Fed givernor saying "wait just a minute"
[14:55] {magoo} my quotes have been ASS all day
[14:55] {Threei} ok here... need any?
[14:56] {magoo} no..just stikking
[14:56] {dino} out cbeh .72, +.12
[14:57] {magoo} srver vad?
[14:57] {Threei} 6
[14:57] {magoo} ill try it..trie em all
[15:00] {Les} another grind up day. sweet
[15:00] {Threei} mostly stall today
[15:01] {magoo} first quote issues since we converted to cable vad
[15:01] {dino} back in 10
[15:03] {Threei} market spike...
[15:03] {Threei} could be a sign of last hour direction
[15:03] {nemo} yeah, correction is over
[15:03] {Threei} wuestion is, what to follow it with
[15:03] {nemo} 1 trillion in free euros
[15:04] {Threei} I don't know if there is such direct connection nemo
[15:04] {Threei} it's 1T in guarantees and bailouts
[15:04] {nemo} well, we were in the toilet on Friday, they acted, and we were up 350 points on Monday
[15:04] {Threei} I don't hink much of that can find its way to US market
[15:05] {magoo} feels like i did alot today, but actually on 25k shares, way doewn
[15:06] {magoo} couldnt believe it when i checked
[15:09] {dino} re-liquify the system boys, happend in '03, '09, and now
[15:10] {RonS} ...happens every night at my house...
[15:10] {Threei} lol
[15:12] {shorty} good day everyone. I will cya tomorrow.
[15:12] {Threei} take care shorty
[15:12] {RonS} cya shorty
[15:12] {Threei} shorty runs away clathich $100 bill in sweaty palm
[15:12] {dino} cya shorty
[15:14] {dino} sy
[15:15] {dino} what the sy
[15:15] {Threei} SY Hearing takeover chatter circulating
[15:15] {Threei} - SAP rumored as a potential acquirer, hearing price chatter around $6B
[15:16] {RonS} jack
[15:16] {magoo} SY
[15:16] {magoo} SY
[15:16] {Threei} look up
[15:16] {RonS} asleep mags?
[15:16] {Threei} instead of yelling at me
[15:16] {dino} magoo about 4 minutes late
[15:16] {magoo} great, now im locked out tomorrow morn again
[15:17] {dino} v sm s .00
06[15:17] * Threei slaps magoo around a bit with a large SY takeover chatter
[15:17] {dino} cov 63.70, +1.30
[15:18] {Threei} 65.14 short here
[15:18] {Threei} covered too soon
[15:18] {dino} cover, it may bounce imo
[15:18] {Threei} I did
[15:18] {dino} towards high reshort
[15:18] {Threei} I dob it'll return there
[15:19] {Threei} doubt
[15:19] {dino} maybe not
[15:19] {dino} hmmm
[15:20] {dino} 64.70 area maybe
[15:20] {magoo} cnbc now
[15:21] {dino} they mention share price?
[15:22] {magoo} no, bujt dave told me calculated it could go to 75
[15:22] {dino} thx
[15:22] {magoo} dont know how he arrived at it
[15:23] {magoo} he wanted to make sure i was careful on it
[15:23] {Threei} what are you, on skype with him?
[15:23] {dino} cover 2 pts too soon
[15:23] {magoo} who would NOT get out up 22 points?
[15:25] {Threei} ain't I idiot
[15:25] {magoo} well, me too
[15:25] {magoo} i didnt even try
[15:25] {Threei} lousy 200 shares would have already netted in thousands
[15:25] {dino} ughhhhhhhhhh
[15:25] {nemo} on what stock?
[15:25] {dino} thats what i had 200 at 65 short
[15:26] {Threei} good morning nemo
[15:26] {Threei} and I even had 14 cents to boot
[15:26] {nemo} sorry, I was gone for a half hour, and then have been having issues with the soon-to-be-late nephew
[15:26] {Threei} 65.14
[15:26] {Threei} lol
[15:26] {Threei} SY nemo
[15:26] {nemo} wow...what news?
[15:27] {Threei} takeover rumor
[15:27] {dino} and see above the chicken in me
[15:28] {Threei} two chickens
[15:28] {Threei} cluck cluck
[15:28] {Threei} I am disgusted with myself
[15:28] {magoo} me two
[15:28] {magoo} 9 point shgort
[15:29] {Threei} 10
[15:30] {nemo} stop dwelling
[15:30] {magoo} 11
06[15:30] * Threei slaps Threei around a bit with a large image of a fat yellow belly
[15:30] {magoo} make my day trade
[15:30] {RonS} Sybase Declines To Comment About Possible Takeover 05/12 01:30 PM
[15:33] {Threei} famous line by soviet poet: "Who ever saw a crying bolshevik?"
[15:34] {Threei} I just did, in the mirror
[15:35] {dino} lol
[15:44] {strider} vad, dcc
[15:49] {dptl} good evening all
[15:49] {RonS} cya dp
[15:50] {Threei} take care dp
[15:50] {dino} cya dp
[15:54] {Threei} AIG finishes at the low
[15:54] {Threei} too bad we haven't found short entry
[15:54] {Threei} had distinctive feeling it was to drop
[15:54] {jfjf64} yup
[15:55] {jfjf64} ya did
[15:55] {jfjf64} bidu gettin momo
[15:56] {Threei} we will revisit it tomorrow
[15:56] {Threei} it' a worthy player
[15:56] {Threei} now that risk is more manageable on it
[15:56] {jfjf64} ill be ready
[15:56] {dino} gn all, tee time in 30
[15:56] {Threei} thank you all
[15:57] {Threei} have a good evening
[15:57] {jfjf64} let it get by today
[15:57] {Threei} see you tomorrow
[15:57] {jfjf64} later all ty