Friday, July 23, 2010

July 23 2010

Chart with two trades below hat were called early in the morning in quick succession demonstrate the concept of day trader's mind flexibility based on pure chart reading with no directional bias. Long on 24.70 breakout, taking 30 cents profit; short on 25 breakdown, taking 20 cents profit - like breathing in and breathing out. Oh, and nice F long for 1:3 inbetween those two 

Nice day overall with 100% winning trades.

Session Time: Fri Jul 23 00:00:00 2010

[09:06] {Threei}  F CEO: expects 2011 earnings to be "even better" than 2010 results - conf call comments (12.09, 0.00, 0.00%)
[09:09] {ese} good morning
[09:09] {Threei}  ese :)
[09:13] {larisa} gm :)
06[09:13] * Les slaps the room about with a big "Good Afternoon"
[09:13] {Threei}  larisa :)
[09:13] {Threei}  (EU) Stress test reportedly limited to banks trading book losses
[09:14] {Les} C'mon, that was a friendly slapping
[09:15] {swil} thanks les, I'm awake now.  morning one and all
[09:15] {Threei}  we don't know how to react on time divide Les... it's morning here
[09:16] {Threei}  swil :)
[09:16] {lasertrev} morning
[09:17] {Threei}  trev :)
[09:17] {shorty} gm
[09:18] {ese} laris,trev shorty
[09:18] {dino} gm all
[09:18] {strider} morning folken.
[09:18] {Les} whatchya been up to Nemo?
[09:18] {ese} i like that handle "swil" implies a certain....hmmmmmm drinking attitude
[09:18] {ese} dino
[09:18] {Les}
[09:18] {nemo} no good
[09:19] {Threei}  shorty, dino
[09:19] {Threei}  strider
[09:19] {Les} is that you?
[09:19] {strider} :)
[09:19] {swil} yes.  more my early days, les
[09:20] {Les} no no no swil
[09:20] {swil} lol
[09:20] {Les} nemo is the paranoid schizo gun nut
[09:20] {swil} ah. my type
[09:20] {Les} thought maybe he is building up his account
[09:21] {swil} sounds good
[09:22] {lilyd} good morning guys
[09:22] {Threei}  lily :)
[09:22] {Les} thought it might have been vad, but he should have been in front of his screen at 11:30am
[09:22] {ese} don't forget nemo's "on edge pshychotic nomad" part to his character les
[09:23] {Threei}  there is also not_vad, Les, don't forget
[09:23] {Les} yeh was wondering who was where at that particular time
[09:23] {Threei}  he functions quite well running this room while I am busy robbing banks
[09:23] {jfjf64} mornin
[09:23] {nemo} jeez...the way you guys talk, people are going to get the wrong idea about me
[09:23] {Threei}  which satisfies my passion for violence
[09:23] {Threei}  jf :)
[09:24] {magoo} morning
[09:24] {Les} you mean there's another side to you Nemo?
[09:24] {magoo} AMZN WOW
[09:24] {Threei}  magoo
[09:24] {jfjf64} i got knocked off mibbitt yest  anyone else
[09:24] {dino} amzn, sndk, slb, bec
[09:25] {Threei}  Euro vs US Dollar Euro at session lows after draft document on stress test; Pair tested 1.2805 before consolidating
[09:25] {Threei}  - Dealers pondering if scenario is 'realistic on the percentage of haircuts assumed
[09:25] {dino} i just got a haircut
[09:25] {Threei}  well, AMZN seious miss... and mis-guidance
[09:25] {Threei}  AMZN Reports Q2 $0.45 v $0.54e, R $6.6B v $6.5Be
[09:25] {Threei}  - Guides Q3 Revenues $6.9-7.63B v $7.1Be
[09:26] {Threei}  lol dino
[09:27] {ese} not me jf.......i'm on it as well
[09:29] {strider} education upgrades  
[09:29] {Threei}  Apollo Group Inc Tier 1 firm upgrades to Buy from Neutral
[09:29] {Threei}  - Believes stock could perform well on the Department of Educations gainful employment draft proposal released last night.
[09:32] {strider} bp drop
[09:33] {Threei} Long Setup:  LVS  .70 break
[09:33] {nemo} zu spaet
[09:33] {Threei}  stop under .60 for scalpers
[09:34] {Threei}  .55 day traders
[09:34] {ese} missed it
[09:34] {Les} half out .80
[09:34] {shorty} sme
[09:34] {shorty} *same
[09:34] {nemo} half out or missed it shorty?
[09:35] {ese} half missed it?
[09:35] {strider} out +.13
[09:35] {Threei}  over 1:1 day traders
[09:35] {Threei}  1:2 scalpers
[09:35] {Les} nice. profit target met for day, for frikin once
[09:35] {nemo} scalpers...would they get to 1:2?
[09:35] {Threei}  sane ones wouldn't
[09:35] {swil} not to worry nemo.. I shot myself in the foot once when I had to many swils
[09:36] {nemo} ?
[09:36] {nemo} should we call you "stumpy" then?
[09:36] {shorty} missed it nemo
[09:36] {nemo} nflx drop dino
[09:37] {Threei} Long Setup:  F  .45
[09:38] {Threei}  if stays above .40
[09:38] {Les} bad feed there
[09:39] {Les} nice call
[09:39] {magoo} in
[09:39] {Threei}  1:1
[09:39] {dino} itri sm l .15
[09:40] {shorty} out F...ty
[09:40] {Threei}  1:2
[09:41] {Les} lvs closing in on 24
[09:41] {Les} 25
[09:41] {Threei}  1:3, out in full
[09:41] {shorty} nice Threei
[09:41] {jfjf64} go ya monster    ty 
[09:42] {magoo} out .61 TY
[09:42] {Threei}  welcome guys
[09:42] {magoo} nice and easy
[09:42] {Threei}  just as we like'em
[09:42] {Threei}  LVS 1:2 for day traders
[09:42] {Threei}  can I go home?
[09:42] {Les} damn. won't let frozen level 2 stop me next time
[09:42] {Les} no, i want more
[09:43] {Threei}  but I aam tired... I am working for 12 min non-stop
[09:43] {Les} rmbs .50 break?
[09:43] {Threei}  LVS 1:3... without me
[09:43] {shorty} I know how you feel Threei
06[09:43] * nemo slaps Threei around a bit with a large can of Monster Energy Drink
[09:44] {Threei}  RMBS, better get it on pullback if you eant to play it
[09:44] {Les} ok
[09:44] {Threei}  this stock will chew you up and spit you out on breakouts
[09:46] {Threei} Short Setup: LVS  25 break
[09:47] {Threei}  if stays under .10 of course
[09:47] {swil} .
[09:47] {swil} '
[09:48] {magoo} in 
[09:49] {nemo} misse it too tight
[09:50] {Threei}  1:1
[09:50] {shorty} out 1:1...ty
[09:50] {magoo} out .87 TY
[09:50] {strider} out +.11
[09:50] {Threei}  1:2
[09:50] {Les} yeh I gave lvs loose trigger and it took it was all taken
[09:50] {Threei}  NOW can I go home?
[09:50] {Les} wow lvs
[09:50] {Les} yes
[09:50] {Les} I am finished
[09:50] {Les} have a nice weekend
06[09:51] * Threei slaps Les around a bit with a large roll of cash
[09:51] {Les} starting to dig myself out of hole
[09:51] {strider} bye, les :)
[09:51] {shorty} Again, I think I might go back to bed.
[09:52] {rdw09} Done for today , thanks Vad, have a nice week end.
[09:52] {nemo} wow
[09:52] {shorty} Good weekend rdw09
[09:52] {Threei}  have a good one rdw
[09:52] {jfjf64} monster   ty
[09:53] {dino} bec sm l .00
[09:53] {dino} fasty
[09:53] {Threei}  who are you calling monster?
[09:53] {dino} cya rd
[09:53] {magoo} sheeesh ...mass exadus
[09:53] {jfjf64} lol
[09:53] {shorty} Threei...EXPE?
[09:53] {magoo} im here till 4 pm vad...get to work lol
[09:53] {jfjf64} good monster
[09:54] {Threei}  people hate me mags... they want to get away from me as fast as possible {G}
[09:54] {dino} seems so
[09:54] {lasertrev} oh thats nasty
[09:54] {shorty} No...they use you, there is a difference Threei.
[09:54] {Threei}  oh
[09:55] {Threei}  that's fine, I am OK with that
[09:55] {shorty} Now...EXPE
[09:55] {Threei}  I don't see anything ionteresting there
[09:56] {strider} BP
[09:56] {jfjf64} 3 wins  =good monster
[09:56] {shorty} thanks.
[09:57] {jfjf64} 3 losses= bad monster
[09:58] {jfjf64} lol
[09:59] {magoo} F to low vad
[09:59] {Threei}  either works... just call me "nice"
[09:59] {Threei}  [09:41] {shorty} nice Threei
[09:59] {Threei}  not liking it here mags
[10:00] {jfjf64} sounds wimpy
[10:00] {jfjf64} x  bounce
[10:00] {jfjf64} off  pp
[10:01] {magoo} u see a short in AMZN vad?
[10:02] {jfjf64} in x .62
[10:02] {Threei}  overall, yes,
[10:03] {Threei}  but the volatility is horrible
[10:04] {jfjf64} half out  x
[10:04] {Threei}  nice one on X
[10:04] {jfjf64} thanks   nice
[10:05] {magoo} euro bank stress test results at noon eastern
[10:05] {jfjf64} breaks .75    we  going  4  ride
[10:06] {jfjf64} 1/4 out
[10:06] {jfjf64} stop.80
[10:06] {jfjf64} last 1/4
[10:07] {magoo} nice..cant believe i missed it
[10:07] {jfjf64} dont  call me  nice    3i  new  name
[10:07] {shorty} ATHN Threei?
[10:08] {jfjf64} stop .90
[10:08] {shorty} too thin
[10:08] {Threei}  ATHN, probably short
[10:09] {jfjf64} break 70 
[10:09] {Threei}  hate this kind, honestly
[10:09] {Threei}  no smooth flow
[10:09] {ese} this is going to be another non trending day me thinks after that amzn announcement
[10:09] {jfjf64} out  full
[10:10] {shorty} I understand, more of a dino type of stock
[10:10] {jfjf64} grrr
[10:10] {jfjf64} im a dope
[10:10] {nemo} that frickin' 47 level on bec
[10:11] {nemo} look at the volatility in fcx...oy vay
[10:11] {Threei}  short works in ATHN
[10:12] {Threei}  but the particular way to play this kind is a challenge
[10:12] {shorty} I never took it, but on paper I did.
[10:12] {ese} dino is that 47.00 your in at
[10:12] {Threei}  you may get the feel for it enough for your personal consumption so to speak,
[10:12] {dino} itri to .05
[10:12] {ese} bec
[10:12] {dino} yes
[10:12] {Threei}  but it's vcery difficult to call it for the room with any degree of acceptable risk control
[10:13] {shorty} right....
[10:13] {dino} out itri .211, +1.061
[10:14] {ese} nice
[10:14] {ese} well done
[10:15] {strider} you still in BEC dino?
[10:15] {dino} yes
[10:15] {strider} wide stop
[10:15] {dino} yes
[10:16] {nemo} .80 is vwap
[10:17] {dino} wall at .00
[10:17] {nemo} yeah....
[10:20] {dino} stopped bec -.42
[10:28] {dino} amed sm l .01
[10:30] {jfjf64} .05  lvs  3i
[10:31] {ese} L ATHR .29
[10:32] {jfjf64} we  flyin
[10:35] {Threei}  I am hesitant about committing too much to long side jf... these euro banks test results soon...
[10:35] {Threei}  could introduce huge volatility
[10:36] {magoo} but the reaction vad will hit at noon, its
[10:36] {magoo} so rigged
[10:37] {magoo} all programs will come in at noon
[10:37] {dino} athr sm l .30
[10:39] {jfjf64} what  up  mur
[10:40] {Threei}  not sure I understand what is so rigged about it
[10:40] {magoo} sheesh, u on dial-up lol?
[10:40] {Threei}  just news being expected... meanwhile all kinds of usual leaks and speculations take place
[10:41] {dino} mur, no plans to close refinery is all i find
[10:42] {ese} up .20 so far dino
[10:43] {nemo} crissakes, bec acting at this level like it di at 47
[10:45] {magoo} vad, any read FAS?
[10:45] {ese} out 1/2 athr .54 +.25
[10:46] {i2romantis} gj ese
[10:46] {gregns} thks ese .33 to .53 athr
[10:46] {i2romantis} jf, still in lvs?
[10:46] {ese} no probs
[10:46] {i2romantis} it was a good call
[10:47] {Threei}  FAS, not really
[10:47] {ese} out full .60 +.31 remaining ps 2k
[10:49] {Threei}  MNTA FDA approves generic version of Lovenox (12.38, +0.45, 3.77%) (related NVS )
[10:49] {Threei}  halted
[10:49] {Threei}  SP) El Mundo: 5 Spain cajas will fail the upcoming stress test
[10:49] {Threei}  - CajaSur, Caixa Catalunya, and Caja Duero-Espana among those who may have failed
[10:49] {Threei}  - Note: Earlier El Pais reported that several Spain banks had failed
[10:52] {dino} out athr .58, +.28
[10:55] {ese} gj
[10:57] {ese} doesn't want to die here dino......athr.....i smell more money 
[10:58] {magoo} abc rip
[10:59] {ese} '"'s easy as 1,2,3.....ABC do re me.....thats hows easy love can Be"   Jackson Ficve
[10:59] {ese} Five
[10:59] {nemo} meds ese meds
[11:00] {ese} phewwwwww....ya    ya.........
[11:00] {ese} fumble around through cabinet.......a couple of tablets drop on floorr......water leaks out of the side of mouth
[11:01] {ese} pheeeeewwwwwww
[11:01] {Threei}  US Pay Czar Feinberg: $1.7B in ill advised payments were made in 2008; are now restricted by law (related XLF )
[11:01] {ese} ahhhhhhh athr, dn you go now......provide buying opportunity
[11:12] {dino} bec hl l .98
[11:18] {dino} stoppeed bec again
[11:25] {strider} short BP .81 stop hod
[11:29] {ese} L athr .28
[11:31] {swil} I'm trying to feel where maximun pain is so I have an idea of least resistance
[11:32] {shorty} Its hard to do when you are drunk swil.
[11:32] {shorty} Sorry, can't help
[11:32] {Threei}  not at all
[11:34] {swil} perhaps an individual sence
[11:35] {Threei}  after certain amount of hard liquor, max pain is reached in the morning
[11:35] {swil} lol
[11:36] {Threei}  but overall, as the #1 in russian stand-up once said: alcohol in small doses is harmless in any amounts
[11:36] {ese} out athr .38 +.10
[11:40] {ese} Gotta go all....have a show tonight and have to setup my drums this morning......have a great weekend
[11:40] {dino} cya es
[11:40] {ese} cya dino
[11:40] {magoo} bye ese
[11:40] {Threei}  take care ese
[11:41] {swil} George Carlan . its was discover that swalowing saliva causes canser, but only in small amounts.  bye ese
[11:43] {strider} cover BP +.11
[11:43] {Threei}  sharp drop FAS
[11:43] {Threei}  and SPY
[11:45] {dino} mnta
[11:45] {strider} whoa
[11:45] {Threei}  was halted
[11:45] {shorty} Short FAS .20 if holding below .30?
[11:46] {dino} approves drug
[11:46] {nemo} imagine if you were shorting mnta
[11:46] {Threei}  0:49] {Alert} Threei MNTA FDA approves generic version of Lovenox (12.38, +0.45, 3.77%) (related NVS )
[11:46] {Threei}  [10:49] {Alert} Threei halted
[11:46] {shorty} wow
[11:46] {Threei}  no idea shorty
[11:46] {Threei}  this is not usual technical move
[11:47] {dino} none avail
[11:47] {nemo} lfcx .81
[11:47] {nemo} stop .70
[11:47] {strider} laser can short
[11:48] {strider} not that I plan on doing that.
[11:50] {strider} short BP .65 break?
[11:51] {magoo} cant call it out, but i shorted 24.56, covered a buck
[11:52] {shorty} nice one magoo
[11:52] {magoo} lucky
[11:52] {magoo} boredom trade
[11:53] {magoo} dont recommend
[11:53] {shorty} bit of luck and experience though
[11:53] {nemo} I'll bailed on fcx .88 +07
[11:53] {magoo} just figured if loses .50 level should dropi
[11:54] {magoo} stress news soon
[12:00] {Threei}  - Committee of European Bank Supervisors (CEBS)
[12:00] {Threei}  (EU) ECB's Noyer: Stress test results are in line with former stress tests (related EUR/USD XLF )
[12:01] {nemo} o.k. another work of fiction
[12:02] {nemo} there goes fas
[12:03] {Threei}  (S) SPAIN: Diada bank fails stress test
[12:03] {Threei}  (IT) Italian banks pass stress tests
[12:03] {Threei}  DANSKE.DE Danske Bank passes EU stress tests
[12:03] {Threei}  INGA.NV ING Bank passes stress test
[12:07] {Threei}  (SP) Spanish banks Diada, Unim and Caja Sur fail EU stress test; all listed banks pass tests
[12:08] {Threei}  (GR) National Bank of Greece passes; a large bank has failed (related NBG )
[12:09] {Threei}  ummm
[12:09] {Threei}  you do know who is on TV, yes?
[12:10] {Threei}  feels like we are going to drop from hbere
[12:10] {Threei}  no technicals
[12:10] {Threei}  pure gut
[12:11] {Threei}  several large bank have failed the stress test in Greece - CNBC
[12:11] {swil} at least you've got guts
[12:12] {strider} short CAT +.11 scalp
[12:15] {Threei}  yes swil, and after quitting smoking I have more of them
[12:15] {nemo} yeah...but you're strong like bull
[12:15] {dino} whippy
[12:16] {strider} cover AMED short +,06
[12:16] {swil} excellent
[12:17] {strider} DRYS strong today.
[12:18] {swil} I will increase my gut size and awareness.  go for it
[12:19] {Threei}  volatility is not to my liking but if you want to participate badly
[12:20] {Threei} Long Setup:  FAZ  .55 brea if holding .50
[12:20] {shorty} in
[12:21] {strider} in .54
[12:21] {nemo} oohh...snuck by me
[12:21] {Threei}  aggresive near .50 would have been a total beauty
[12:22] {Threei}  hate this jumpiness
[12:22] {shorty} I tried for .54, but got filled at .56
[12:22] {nemo} in .54
[12:23] {Threei}  1:1
[12:23] {strider} out +.06
[12:23] {nemo} ty
[12:24] {strider} muchas vodkas, vad.
[12:24] {Threei}  lol
[12:24] {shorty} argh.....filled .59....slow on the trigger with this one
[12:24] {nemo} wtf
[12:24] {Threei}  I have a feeling you are hitting them with market orders, shorty
[12:25] {Threei}  GE *INCREASES DIVIDEND (15.28, +0.07, 0.46%)
[12:25] {strider} YES!
[12:25] {strider} got a bunch in a swing trade.
[12:26] {Threei}  General Electric Co *INCREASES DIVIDEND TO $0.12 FROM $0.10 EXTENDS BUYBACK
[12:26] {Threei}  - The Board declared that the dividend is payable October 25, 2010 to shareowners of record at the close of business on September 20, 2010. The ex-dividend date is September 16, 2010.
[12:26] {shorty} Yes Threei. 
[12:26] {Threei}  asking for troubles...
[12:26] {strider} who is?
[12:26] {Threei}  shorty
[12:26] {shorty} Usually I am fast on the trigger.  
[12:26] {Threei}  doesn't matter
[12:27] {Threei}  market order is market order - permission to rob
[12:27] {Threei}  and in the market, asking for troubles rarely remains unanswered
[12:27] {Threei}  if ever
[12:28] {shorty} Except for today, I usually hit 1:1....ok...will put in limit orders from now on.
[12:28] {Threei}  nice reaction GE
[12:28] {Threei}  limit with some leeway
[12:28] {Threei}  define how far you are willing to chase
[12:28] {Threei}  and put that limit
[12:28] {nemo} watch this level mnta
[12:29] {nemo} 20 all day it lifts it goes
[12:29] {shorty} Will do Threei.
[12:43] {strider} AMED at lod
[12:43] {Threei}  gut was right
[12:43] {Threei}  even GE news had only temporary effect
[12:45] {strider} WFC bounce?
[12:45] {strider} if market.
[12:46] {strider} FCX holds.
[12:47] {Threei}  I wouldn't play bounces on finnies now
[12:47] {nemo} rimm
[12:48] {strider} k
[12:56] {strider} GE new high
[12:58] {shorty} FAZ again Threei?
[12:58] {nemo} not yet
[12:58] {nemo} getting a tight range there shorty
[12:59] {shorty} ok
[13:00] {nemo} see
[13:00] {strider} AMZN at high of $10 range.
[13:00] {shorty} :)
[13:00] {magoo} wow AMZN 
[13:02] {strider} MNTA CC now
[13:03] {shorty} What is CC?
[13:03] {strider} conference call
[13:03] {shorty} ty
[13:03] {nemo} you mean "Conference Call"?
[13:04] {strider} Yes.  Thanks For Correcting Me}
[13:04] {nemo} sorry...bored...don't have Les to pick on 
[13:04] {shorty} lol
[13:04] {strider} Tired of your nose?
[13:04] {nemo} he sets himself up so nicely
[13:04] {nemo} the shovel out this morning
[13:05] {shorty} You usually hit them out of the park nemo.
[13:05] {nemo} ty short stuff
[13:06] {shorty} Threei, kinda looks like a c/h MNTA....right?
[13:06] {nemo} mmmhhhh...probably not a technical play after that news
[13:06] {Threei}  no kidding
[13:06] {nemo} shorty...STAY AWAY!!!!
[13:07] {strider} Remember, nemo, Lance said to use your inside voice.
[13:07] {shorty} mentally trading it, staying away with real money
[13:07] {nemo} In regards to what, Strider?
[13:08] {strider} you don't watch Tour de France?
[13:08] {nemo} I did back when he was in his run...not now
06[13:08] * strider slaps nemo around a bit with a large bicycle wheel
06[13:09] * nemo slaps strider around a bit with a large Shimano Saint Derailleur
[13:10] {strider} Oh, so you want to play rough, do  you?
[13:10] {nemo} always
[13:11] {nemo} watch it, or I'll smack you with a graphite frame
06[13:11] * strider slaps nemo around a bit with a large smelly, locker room towel.
[13:12] {nemo} original
06[13:13] * strider slaps nemo around a bit with a large original smelly locker room towel.
[13:13] {strider} Yeah.  Thanks.  That's better.
[13:15] {shorty} FAZ?
[13:17] {Threei}  what abolut it?
[13:18] {shorty} you meant to type "absolute"
[13:18] {dino} sndk sm l .25
[13:18] {shorty} as in vodka
[13:19] {shorty} it's tanking.....possibly a play or not....not sure just asking.
[13:19] {nemo} was there good news
[13:19] {i2romantis} LVS is moving up
[13:19] {Threei}  nope
[13:19] {Threei}  MNTA Exec: Too early to provide sales guidance on generic Lovenox, looking for partnerships - conf call
[13:19] {Threei}  - Also aiming for approval for generic version of Teva's Copaxone. (20.91, +8.98, 75.27%) (related NVS SNY TEVA )
[13:20] {magoo} GENZ 
[13:20] {magoo} GENZ
[13:20] {Threei}  halted
[13:20] {Threei}  GENZ Halted; Circuit Breaker. Have received indications of interest from possible acquirers, including SNY - WSJ citing sources
[13:22] {strider} in SNDK .29
[13:23] {dino} fast
[13:23] {nemo} watch spy
[13:24] {magoo} GENZ ripping
[13:24] {strider} rock on, sndk
[13:25] {magoo} the'll have to halt it again
[13:25] {magoo}
[13:25] {strider} out sndk .50
[13:25] {nemo} spy broke resistance
[13:25] {nemo} could be a ride
[13:25] {shorty} nice one strider
[13:26] {magoo} HALT
[13:26] {dino} good thing you got out
[13:26] {dino} gj
[13:26] {strider} sticking  to scalps these days...miss a lot of the money.
[13:27] {dino} i'm having rinse problems lately
[13:27] {nemo} hell, lucky it got as far as it id
[13:27] {nemo} did
[13:27] {dino} out sndk .65, +.40
[13:27] {strider} dino, have you tried a fabric softener?
[13:27] {dino} lol
[13:27] {nemo} gag
[13:28] {i2romantis} gj dino
[13:28] {strider} you're not supposed to drink it, nemo!
[13:28] {Threei}  these idiots with their halts
[13:28] {dino} thx
[13:28] {Threei}  how is it supposed to help anyone?
[13:28] {dino} amatuers running the country
[13:30] {strider} GE going to 16.
[13:31] {i2romantis} GENZ running again
[13:31] {strider} Cripes, GENZ
[13:33] {nemo} genz dropping
[13:35] {Threei}  just watch for the third halt
[13:41] {shorty} l FAZ .28
[13:42] {magoo} is there a short in AMZN vad?
[13:43] {Threei}  I think so
[13:43] {Threei}  looks ripe
[13:44] {Threei}  great
[13:44] {Threei}  Report: Pakistan Intelligence Helping Taliban
[13:44] {nemo} surprise surprise
[13:49] {nemo} so we gonna get a spy bull flag here?
[13:50] {Threei}  (EU) CEBS: consequence for the seven banks that failed is they will have to explain to their regulators how they will shore up their capital - press conference Q&A
[13:50] {Threei}  - Asked why 'tier 1' capital was used as a measure rather than 'core tier 1', CEBS says they feared numbers under 'core tier 1' might be misleading because there is no standard across jurisdictions.
[13:51] {Threei}  that's actually gunny
[13:51] {Threei}  consequence for the banks that failed is they will have to explain
[13:51] {strider} that's hard.
[13:51] {Threei}  can you imagine?
[13:52] {Threei}  bank's board in panic,
[13:52] {Threei}  whaling
[13:52] {strider} wailing
[13:52] {Threei}  oh no... we will have to EXPLAIN!!... Oh god, what did we ever do to deserve this??
[13:52] {Threei}  screams, tears
[13:53] {Threei}  (SP) Spain Fin Min: There is no urgency to raise capital given the results of the European stress tests
[13:53] {Threei}  - Note; Spain had 5 failed banks (out of the total 7) in the CEBS's stress tests
[13:53] {strider} gettting their spears ready, so they can try to make a living whaling.
[13:53] {Threei}  maybe not... but EXPLAINING!
[13:54] {Threei}  5 out of 7 fail,
[13:54] {Threei}  no urgency,
[13:54] {Threei}  just explain
[13:54] {Threei}  - Says the stress tests were very tough, with "extreme" scenarios that no one expects will actually occur.
[13:54] {Threei}  no? you just wait
[13:57] {dino} sounds familiar
[13:57] {nemo} bidu two way
[13:57] {strider} that's why they call it bi-du
[13:58] {nemo} that's a good one
[13:58] {strider} very wide
[14:00] {nemo} short .87
[14:01] {Threei}  mags, fess up
[14:01] {nemo} 77 is stop and turn
[14:01] {Threei}  have you taken AMZN short?
[14:01] {magoo} no
[14:01] {nemo} bidu
[14:01] {nemo} oh
[14:04] {strider} out 1/2 GE +.12
[14:05] {nemo} stop bidu
[14:12] {magoo} almost feels long vad AMZN
[14:13] {Threei}  can do either here, random
[14:16] {dino} athr sm l .10
[14:18] {strider} in .06
[14:18] {strider} stop .97
[14:18] {magoo} u out sndk dino?it went good
[14:22] {nemo} is athr trading?
[14:22] {strider} it is on my computer.
[14:22] {nemo} on .05
[14:22] {nemo} in 
[14:23] {nemo} 1/2 out .10
[14:26] {dino} yes, awhile ago
[14:27] {magoo} our internet so slow it takes 8 minutes to get message from office to office
[14:27] {shorty} out FAZ +.1 gave up on it..........maybe too soon
[14:27] {shorty} .11
[14:35] {magoo} i really thought mkt would sell off this afternoon
[14:35] {magoo} very confusing mkt
[14:35] {nemo} it's in bull mode
[14:35] {nemo} corporate reports haven't been bad
[14:35] {Threei}  nah, you confuse yourself by engaging in this extremely damaging process
[14:35] {Threei}  called thinking
[14:36] {nemo} right drinking
[14:36] {strider} "drinking, not thinking"   
[14:36] {Threei}  guess how many thoughts went through my mind today
[14:37] {nemo} depends on the subject?
[14:37] {strider} between 0 and 10
[14:37] {nemo} ;)
[14:37] {Threei}  well, if food is included, then 1: hickpry or maple smoked bacon
[14:37] {Threei}  if trading only, then zero
[14:37] {Threei}  and no confusion at all
[14:39] {dino} zzzzzzzzzzzzzzzzzzzzz\
[14:40] {Threei}  CEBS Chairman: reiterates stress tests were "very severe," including an assumption of a double dip recession - CNBC interview
[14:40] {nemo} severe would be testing for a depression
[14:41] {strider} amed?
[14:44] {Threei}  no fresh news
[14:46] {dino} nothing new 
[14:46] {magoo} amzn just wont fall
[14:47] {dino} teva sm l .15
[14:54] {dino} teva stopped -.19
[14:57] {nemo} neithr will bidu probably going to 78.50 pr sp
[14:57] {nemo} or so
[15:04] {Threei}  White House Budget: Forecasts 2010 CPI 1.6%; 2011 at 1.3%, 2012 at 1.8%
[15:04] {Threei}  - Sees unemployment at 9.7% in 2010, 9% in 2011, 8.1% in 2012
[15:04] {Threei}  - Forecasts 2010 budget at -$1.47T v -$1.55T prior forecast; 2011 at -$1.41T; 2012 at -$911B, 2013 $-736B, 2014 -$698B, 2015 at -$762B

[15:13] {shorty} It was a good day trading today, thank you Threei.  Have a good weekend all.

[15:13] {Threei}  take care shorty, have a good one
[15:14] {shorty} :)
[15:15] {dino} cya shorty
[15:29] {magoo} AMZN ..feel left so SO much $$ on table topday
[15:29] {magoo} the 1 thatr got away
[15:39] {Threei}  GS Reportedly has given Financial Crisis Panel (FCIC) a list of counterparties who sold Goldman protection against risk of an AIG collapse (update)
[15:39] {Threei}  - Includes BoA, JP Morgan, DB, Credit Suisse, Citigroupand Morgan Stanley
[15:40] {Threei}  OK guys, I think we deserved a good weekend
[15:41] {Threei}  let's get some rest
[15:41] {magoo} yea..ty boss
[15:41] {Threei}  thank you all
[15:41] {magoo} have a drink on me
[15:41] {Threei}  have a good relaxing weekend, see you all on Monday
[15:41] {nemo} cya