Apr 30 2010

Good end to the week with winning longs on VVUS and DNDN, short on GS and a few discretionary plays. While this particular week was somewhat uneven with two losing days, month worked out quite nicely.

Session Time: Fri Apr 30 00:00:00 2010

[08:02] {magoo} d;ljddcjkjdd

[08:06] {magoo} DNDN in play, hitting it for scalps

[08:27] {magoo} wake up ...missing opportunities u lazy bums he he

[08:28] {Threei} no... held OMNI overnight :)

[08:28] {magoo} ah, u dog

[08:28] {Threei} 29 Apr 2010 16:33 [QCOR] Reports Q1 $0.12 v $0.13e, R$26.2M v $26Me

[08:29] {Threei} 08:24 [QCOR] Oppenheimer Raised QCOR to Outperform from Perform, price target: $14

[08:29] {Threei} numbers in a min

[08:29] {Threei} (US) White House: President Obama to make statement on Q1 GDP data at 10:35

[08:30] {Threei} *(US) Q1 ADVANCE GDP PRICE INDEX: 0.9% V 0.9%E; CORE PCE Q/Q: % V 0.5%E (related SPY SHY EUR/USD TLT )

[08:30] {Threei} 08:30 *(US) Q1 ADVANCE GDP Q/Q ANNUALIZED: 3.2% V 3.3%E; PERSONAL CONSUMPTION: 3.6% V 3.3%E

[08:30] {Threei} *(US) Q1 EMPLOYMENT COST INDEX: 0.6% V 0.5% PR

[08:49] {magoo} GS massicred...i know the news

[08:50] {Threei} April 29, 2010 7:43:38 PM

[08:50] {Threei} The Goldman Sachs Group Inc Federal prosecutors are conducting a preliminary criminal probe into whether firm or employees committed securities fraud in relation to mortgage trading - WSJ

[08:50] {Threei} - The investigation was launched by the Manhattan US Attorney's Office.

[08:50] {Threei} - The move by the US Attorney's Office follows the SEC recently filing civil securities fraud charges against Goldman.

[08:50] {Threei} - According to the article, prosecutors have not determined whether they will bring charges in the case

[08:50] {Threei} - WSJ notes that the US Attorney's case is based on different evidence than the SEC's case

[08:50] {Threei} - WSJ adds that in more than two-centuries no major financial firm has survived criminal charges.

[08:50] {Threei} - A separate WSJ article said that Goldman's CEO Blankfein recently asked shareholder Warren Buffett for advice on how to deal with the previously announced SEC probe.

[08:50] {Threei} - Buffett said he would let Blankfein know if he had any good ideas.

[08:58] {dptl} good morning all

[08:58] {Threei} dp :)

[09:00] {Threei} Fitch: U.S. Credit Card Delinquencies declines to 6-months lows

[09:06] {RonS} gm all :) CSTR lit up the shorts, 8.5 mil short, 28% of float

[09:07] {Threei} Ron :)

[09:11] {larisa} gm :)

[09:11] {Threei} larisa :)

[09:11] {larisa} vad :)

[09:12] {dino} gm all

[09:14] {dino} mfe, cstr, apkt, athn, esi, dv, apol

[09:14] {larisa} gm dino

[09:14] {Threei} dino :)

[09:15] {RonS} swks ...beats and gets two upgrades...21.6 mil short, 12.7% float. This could have some legs...

[09:16] {fernp} Good Morning everybody

[09:17] {Threei} fern :)

[09:17] {Threei} so it seems scene is set on GS

[09:18] {Threei} they announce no criminal charges, stock explodes 10 points

[09:18] {Threei} they anounce charges, it drops through the floor

[09:18] {Threei} btw, we wanted to watch NCT today, right?

[09:20] {Threei} CAL CNBC"s Faber: Merger with UAUA could have exchange ratio at 1.05 UAUA shares for each CAL share

[09:21] {lasertrev} good morning

06[09:21] * magoo slaps lasertrev around a bit with a large trout

[09:21] {Threei} who ever saw president commenting on GDP numbers?

[09:21] {Threei} trev :)

[09:22] {lasertrev} :)

[09:25] {ese} GM

[09:25] {Threei} ese :)

[09:25] {shorty} Happy Friday everyone

[09:26] {Threei} shorty :)

[09:27] {Threei} US) White House: No new oil drilling will be authorized in Gulf of Mexico until review of Deepwater Horizon spill

[09:28] {Threei} AVNR

[09:28] {Threei} Avanir Pharmaceutical Submits Complete Response to FDA Approvable Letter for Zenvia in PBA

[09:28] {Threei} - Announced the submission of its Complete Response to the October 2006 Approvable Letter issued by the U.S. Food and Drug Administration (FDA) for Zenvia(dextromethorphan/quinidine) for the treatment of pseudobulbar affect (PBA). AVANIR expects the FDA to classify the response as a Class 2 resubmission1, which would result in an expected review period of 180 days and potential approval of Zenvia in the fourth calendar quarter of 2010.

[09:32] {dino} itt gap fill

[09:33] {Threei} watching KERX for pullback

[09:34] {Threei} about 5.15 would be nice

[09:34] {Threei} SQNM

[09:34] {Threei} Long Setup: SQNM .60 break

[09:34] {dino} sm l itt .75

[09:34] {Threei} if stays above .50

[09:36] {Threei} KERX no pullback

[09:37] {magoo} LVS again

[09:38] {Threei} US) Preview: April Chicago Purchasing Managers Index due out at 09:45ET

[09:38] {Threei} **consensus expectations: 60.0e v 58.8 prior

[09:38] {Threei} - estimates range between 57-63

[09:38] {fernp} VVUS .40 break, Vad?

[09:39] {Threei} I think so

[09:39] {fernp} ty

[09:41] {RonS} ...did you know? ...there is a 3 minute early release of the Chi PMI...i think it costs 5g's a month, but the big guys use it...

[09:41] {Threei} I think it was 5 min

[09:42] {Threei} 1:1 VVUS

[09:42] {fernp} 1:1 VVUS

[09:44] {RonS} ...spx futures reaction to the early release indicates a good number...

[09:44] {Threei} yup

[09:45] {Threei} *(US) APRIL CHICAGO PURCHASING MANGERS INDEX: 63.8 V 60E (HIGHEST SINCE APRIL 2005

[09:45] {Threei} (US) Preview: April Final University of Michigan Confidence due out at 09:55ET

[09:45] {Threei} **consensus expectation: 71.0e v 69.5 prior

[09:45] {Threei} - estimates range between 68-75

[09:46] {Threei} VVUS 1:2 as a swing trade from yesterday

[09:46] {RonS} swks...do you see an entry 3i?

[09:46] {Threei} and 1:2 as a day trade today

[09:47] {Threei} not really

[09:49] {RonS} ...saw the dndn ceo on tv...thought it classy that he thanked the "brave men" who participated in the Provenge trials...

[09:49] {shorty} That is

[09:49] {RonS} nct broke 4...

[09:49] {Threei} KERX just won't let us in, will it

[09:51] {Threei} grrrr

[09:53] {Threei} (GR) Greece Fin Min: Debt will explode if reforms are not taken

[09:54] {Threei} feel free to either scratch SQNM or trail to .55

[09:54] {Threei} no life

[09:55] {Threei} *(US) APRIL FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 72.2 V 71E

[09:58] {Threei} KERX finally decent pullback, watching for entry

[09:58] {Threei} BPAX To Present Cancer Vaccine Portfolio Update at the BIO International Convention (2.32, +0.07, 3.11%)

[09:58] {fernp} WIN, Vad?

[09:58] {Threei} nah

[09:58] {fernp} ok

[09:58] {RonS} gs looking to break 150...

[10:00] {Threei} QCOR...

[10:01] {RonS} ...dino...cam play? i heard (unconfirmed) that the blowout protector on the spill rig was over 10 years old and not under warranty...

[10:02] {Threei} GS destruction

[10:02] {fernp} stopped SQNM

[10:03] {RonS} ...WSJ quote...in 200 years no financial firm on Wall Street has survived criminal charges...

[10:03] {Threei} [09:54] {Threei} feel free to either scratch SQNM or trail to .55

[10:03] {Threei} [09:54] {Threei} no life

[10:04] {fernp} my fault

[10:04] {RonS} clf dive...

[10:05] {Threei} LOOK Hearing takeover chatter circulating

[10:05] {Threei} - AAPL rumored as a potential acquirer (1.39, +0.21, 17.80%)

[10:09] {magoo} RIG vad total destruction

[10:13] {Threei} for some reason I have hard time fidning anything playable today

[10:17] {dino} rino sept gap fill

[10:19] {magoo} RIG bouncer soon

[10:19] {magoo} RISKY

[10:19] {magoo} not in

[10:19] {shorty} SWKS Threei?

[10:20] {Threei} ?

[10:20] {shorty} Asking what you think

[10:20] {Threei} I am flattered....

[10:21] {Threei} someone thinks I think...

[10:21] {magoo} i dont

[10:21] {Threei} if it pulls back once more, holds above .20, then breaks .30, maybe a play

[10:21] {magoo} btw 1 point bounce rig

[10:22] {Threei} this break right away, nah

[10:22] {shorty} ty Threei

[10:23] {ese} L swks .32

[10:24] {fernp} .31 here, stop under .20

[10:25] {RonS} dino, mos making a move?

[10:25] {magoo} i cant type fast enough, wish this was skype

[10:26] {Threei} you seeriusly want to goad me into skype?

[10:26] {strider} NOOOOOOOO!

[10:26] {Threei} be careful what you wish for

[10:26] {Threei} it's a mess

[10:26] {magoo} well, i liked recross of 70 on RIG

[10:26] {magoo} but could never type it out .71

[10:26] {Threei} Long Setup: DNDN .50 break

[10:26] {dino} rino sm l .00

[10:27] {dino} f gap filled

[10:27] {dino} f l .35

[10:28] {shorty} out of SWKS 1:1

[10:28] {Threei} just image a dozen traders speaking at the same time

[10:29] {Threei} imagine

[10:29] {fernp} 1:1 SWKS yt shorty

[10:29] {fernp} ty

[10:29] {strider} many accents.

[10:29] {Threei} or symbol pronounced

[10:29] {shorty} no worries

[10:29] {Threei} slightest error, and 10 people ask to repeat

[10:30] {Threei} no text, so can't scroll back

[10:30] {Threei} you missed something, it's gone

[10:31] {Threei} 1:2 SWKS

[10:31] {ese} out swks .45 +.13

[10:31] {Threei} wtg

[10:31] {shorty} nice ese

[10:31] {ese} tks yoou as well

[10:31] {shorty} :)

[10:32] {Threei} Long Setup: DNDN .40

[10:32] {Threei} if stays above .30

[10:33] {Threei} this one maybe more than a scalp if works

[10:33] {Threei} half out

[10:34] {shorty} took 1:1 ty Threei

[10:34] {Threei} stop to .35

[10:34] {Threei} sure thing

[10:34] {Threei} 1:2, 1/4 more out

[10:34] {Threei} stop to b/e

[10:35] {Threei} .75 - .80 last target

[10:36] {ese} dhi shorty.......wha da ya tink?

[10:37] {ese} same mo

[10:37] {shorty} Let's do it

[10:39] {Threei} MEE Hearing reports that FBI investigating allegations of bribery related to inspections at facilities

[10:39] {Threei} - investigation surrounding the Mine Safety and Heatlh administration and Massey energy

[10:39] {RonS} gs losing it again

[10:39] {ese} check the daily out though........it could go forever.......long term break out is 14......this one looks real good

[10:39] {magoo} nice cross DNDN

[10:40] {shorty} Alright...TY ese

[10:40] {magoo} .45 to .57 in blink

[10:45] {magoo} out .69 TY VAD

[10:46] {magoo} 2500

[10:46] {Threei} welcome

[10:46] {ese} nice mags

[10:46] {shorty} L DHI ese

[10:47] {ese} L dhi .05

[10:47] {shorty} .01

[10:47] {Threei} last target hit DNDN

[10:47] {ese} nice

[10:47] {Threei} out .74

[10:47] {Threei} +.33

[10:47] {ese} waited for upper bb to be broken

[10:48] {shorty} Calling it a day trade ese? Hold for a bit?

[10:48] {magoo} RIG

[10:48] {ese} no......but could hold it for a while

[10:48] {magoo} to 72

[10:48] {magoo} RISKYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

[10:48] {magoo} in 71

[10:48] {shorty} Took 1:1 ese....ty very much

[10:48] {ese} i don' trust the mrkt these days

[10:49] {Threei} ,mrkt} I don't trust you either, so there

[10:49] {magoo} out .79

[10:49] {shorty} I am happy with 05 -.10 cents profit.

[10:49] {magoo} ty vad RIG

06[10:49] * Threei slaps magoo around a bit with a large roll of cash

[10:50] {Threei} where the heck is jf today

[10:50] {ese} nice one shorty

[10:50] {Threei} a lot of his kind of plays

[10:51] {Threei} shorty... don't know if you can see it being "within" so to speak... but from the outside, your progress starts being visible

[10:53] {magoo} dam, i wanted call GE type 1 at .25 cent

[10:53] {shorty} It's getting there. I am starting to feel less, that is something that I have noticed the most.

[10:53] {magoo} to busty

[10:53] {magoo} he he busy

[10:54] {Threei} hmm

[10:54] {Threei} that's more information about magoo than I ever wanted to know

[10:54] {magoo} type 1 = big shares right?

[10:54] {Threei} yes

[10:55] {magoo} ya ya

[10:55] {magoo} ok

[10:55] {magoo} it feels like 1 pm eastern to me

[10:57] {shorty} be back in a bit

[10:58] {magoo} news FCX vad?

[10:59] {Threei} nope

[11:00] {Threei} wow Les

[11:00] {Threei} that's serious sleep in

[11:00] {Les} morn

[11:00] {Threei} or in nemo's absence you are not interested?

06[11:00] * magoo slaps Les around a bit with a large trout

[11:00] {Les} just took delivery of a trailer. a couple of trips to the quarry for gravel for weekend work

[11:01] {Les} mags

[11:01] {Les} still not ready. back later

[11:01] {RonS} 3i, do you see a gs entry long?

[11:02] {Threei} plenty, but not of a nice safe kind

[11:02] {Threei} what I want to use for a call is what I did with DNDN

[11:02] {Threei} there were like 15 opportunities with high risk and uncertainty,

[11:03] {magoo} GS problem is who would want it over weekend

[11:03] {Threei} when one with lousy 10 cents stop formed and good chart formation ready for clean move, that's what I called

[11:03] {magoo} it may bounce but overall its a DEAD DUCK

[11:13] {magoo} vad, do not look at DNDN

[11:14] {Threei} ok

[11:14] {dino} sm l aixg .50

[11:14] {magoo} dammit..go ahead and look

[11:14] {magoo} i want u suffering too

[11:16] {Threei} no

[11:19] {magoo} ascalped it

[11:19] {magoo} .50 - .71

[11:28] {Threei} OMNI sharp pullback

[11:35] {Threei} ITRI Ticking higher as President Obama introduces CEO at speech on the economy (81.41, +0.26, 0.32%)

[11:35] {Threei} can anyone think of a dumber reason to buy a stock?

[11:35] {shorty} Ask Less

[11:35] {shorty} Les

[11:36] {Threei} and, are you interested to know why AONE just spiked?

[11:36] {Threei} - Obama mentions accomplishments of AONE during speech

[11:36] {shorty} Easy way for him to make money

[11:39] {RonS} ...spmething seems brewing with MYL

[11:39] {Threei} had decent earnings yesterday

[11:50] {magoo} obama mentioned his steak is never done..until AONE

[11:59] {Threei} GS

[11:59] {Threei} another breakdown

[12:00] {Threei} 146 loss

[12:00] {Threei} if stays below .20

[12:02] {Threei} invalidated

[12:03] {Threei} may reestablish

[12:05] {Threei} reestablished

[12:06] {Threei} triggered

[12:06] {magoo} in

[12:06] {Threei} 2 cents to 1:1?

[12:06] {Threei} come on

[12:06] {Threei} die

[12:07] {magoo} was wai .77 no foill

[12:07] {Threei} not a scalp for me

[12:07] {Threei} bidding half

[12:07] {Threei} 1:1 touched

[12:08] {Threei} broken

[12:08] {Threei} bidding 1/4 .65

[12:10] {Threei} scalpers win

[12:11] {magoo} yup

[12:11] {Threei} maybe that's good... I don't feel right shoruing GS

[12:12] {magoo} i got .81 tho

[12:12] {Threei} like I am cooperating with lame political puppets at the SEC

[12:19] {Threei} GS Hearing Buckingham downgrades to Neutral from Buy

[12:19] {Threei} vultures are circling

[12:20] {magoo} vad, RIG downgraded? i heard a rumor just now

[12:21] {Threei} no

[12:22] {Threei} White House communique to the populace re: GS

[12:22] {Threei} Beware the Jabberwock, my son!

[12:22] {Threei} The jaws that bite, the claws that catch!

[12:22] {Threei} Beware the Jubjub bird, and shun

[12:22] {Threei} The frumious Bandersnatch!

[12:23] {Threei} MEE Responds to allegations of FBI investiations (38.50, -2.66, -6.46%)

[12:23] {Threei} MEE Responds to allegations of FBI investiations, notes it has "no knowledge of any criminal wrongdoing" on its part (38.50, -2.66, -6.46%)

[12:24] {Threei} - "We are cooperating with all agencies that are investigating the tragedy at UBB. Massey does not and will not tolerate any improper or illegal conduct and will respond aggressively as circumstances warrant."

[12:30] {Threei} mags

[12:30] {Threei} GS rinsed second half

[12:30] {Threei} look at it

[12:36] {Threei} (GR) Reportedly a draft document states German cabinet will only decide on Greece aid for 2010 (related EUR/USD SOVRX NBG )

[12:41] {dino} bwld sm l .69

[12:42] {ese} Ldndn .15

[12:43] {dino} ctrp sm l .85

[12:44] {ese} out dndn .34 +.19

[12:45] {shorty} nice ese

[12:45] {ese} tks nothing big 2k

[12:45] {shorty} I only play 200 shares..2k is huge for me

[12:46] {ese} stick with vad.....you'll get there

[12:46] {shorty} I will...you guys are good too

[12:46] {dino} gj es

[12:47] {shorty} dino...I went long with you on ctrp...what is your target?

[12:47] {shorty} and your stop?

[12:47] {dino} you don't want to know

[12:47] {ese} tks

[12:47] {shorty} the stop?

[12:47] {dino} .55

[12:47] {ese} lol

[12:47] {dino} .55 target, stop .59

[12:47] {shorty} I didn't want to know...your right

[12:48] {ese} dino indeed does have nerves of steel.........i feel that everytime i follow him

[12:49] {dino} i'm struggling this week so careful

[12:49] {shorty} lol....

[12:49] {dino} bwld stopped -.24

[12:49] {Threei} i'm struggling to imagine dino struggling

[12:50] {dino} seriously, negative week

[12:50] {dino} have to go to costanzza trading soon

[12:50] {Threei} yeah but why would you struggle about that....

[12:50] {Threei} happens to any of us

[12:50] {Threei} shrug and forget

[12:51] {Threei} when did you even have a negative week last time?? :)

[12:51] {dino} need to, weighong on me last few days

[12:51] {Threei} in 2009?

[12:51] {shorty} My shoulders hurt from shrugging

[12:51] {dino} february i think

[12:52] {Threei} it'll pass shorty... you just tried to run before walking

[12:52] {Threei} do things by the book

[12:52] {shorty} I still catch my self running

[12:56] {ese} damn stopped dhi .85 -.20

[12:56] {ese} but i like this one.....i'll be back in

[12:57] {ese} mrkt's red

[12:57] {nemo} Hi Guys, thought I'd pop in...travel was a bit shorter than I thought, how's it going today.

[12:58] {shorty} It was great until.............

[12:58] {Threei} hey nemo

[12:58] {Threei} nice day so far

[12:58] {nemo} see told ya'

[12:59] {ese} DUDE!!!!!!!!!

[12:59] {nemo} DUDE!!!

[13:00] {Threei} Les missed you

[13:00] {nemo} like syphilis he missed me

[13:00] {shorty} lol

[13:00] {Threei} he isn't even here

06[13:00] * strider slaps nemo around a bit with a large syringe of penecillin

[13:00] {nemo} missed me that much, huh?

[13:00] {Threei} said no nemo no game

[13:03] {nemo} so, what was the best trade today?

[13:03] {Threei} DND long

[13:03] {nemo} how much?

[13:03] {Threei} GS short was half good, einsed second half before dropping point and half

[13:03] {Threei} DNDN 30 something cents

[13:04] {nemo} what kicked the market today?

[13:04] {Threei} VVUS long

[13:04] {Threei} and Obama hyped AONE

[13:04] {Threei} said as a stock-picker-in-chief I demand you buy AONE

[13:04] {Threei} we bought

[13:05] {Threei} it dropped

[13:05] {nemo} pretty good volume down today huh?

[13:05] {Threei} he said told ya, damn wall street

[13:07] {Threei} view from Greece

[13:07] {Threei} http://online.wsj.com/article/SB10001424052748703871904575215872933910344.html?mod=WSJ_latestheadlines

[13:09] {RonS} ... a mayor over there is going on a hunger strike to protest the austerity measures

[13:10] {dino} i thought it was becuase there were no free lunches

[13:12] {dino} ctrp stopped

[13:14] {magoo} indices seem disconnected..only down 100

[13:14] {magoo} stocks down mega points

[13:14] {Threei} (US) Senator Dodd (D-CT): $50B bank liquidation fund remains on the table in negotiations over financial reform bill (related XLF )

06[13:15] * magoo slaps lasertrev around a bit with a large trout

[13:16] {lasertrev} mibbit kicks me out, then i get a slap. geez.

06[13:16] * nemo slaps lasertrev around a bit with a large lead pipe

[13:16] {Threei} what's with DDIC?

[13:16] {Threei} no news here

[13:17] {dino} ctrp l .70

[13:18] {shorty} out CIEN +10

[13:19] {shorty} 10 cents

[13:22] {nemo} well, I'm off...c u Monday, insha alah

[13:22] {shorty} Have a good weekend nemo

[13:22] {shorty} WAIT!!!!!!!

[13:22] {shorty} Someone slap him

06[13:22] * magoo slaps shorty around a bit with a large trout

[13:22] {shorty} duck

[13:22] {shorty} too late

[13:28] {Threei} shorty is picking on les and nemo.. this is violation of pecking order

[13:28] {Threei} latest arrival is to be picked on by pevious ones

[13:28] {shorty} I stand down, and realize my place.....sorry.

[13:28] {Threei} lol

[13:30] {Threei} XOMA 052 Mechanism of Action Results Published in Journal of Biological Chemi (0.67, +0.01, 1.52%)

[13:32] {dptl} got to leave....good weekend all....see ya monday

[13:32] {shorty} Good weekend dptl

[13:33] {dino} cya dp

[13:33] {RonS} cya dp

[13:33] {Threei} take care dp

[13:33] {RonS} pounded out .12 on ctrp dino, but man, it was tough...

[13:34] {shorty} ese is right...dino has nerves of steel.

[13:34] {dino} gj ron

[13:34] {fernp} bye dp

[13:34] {magoo} WAITTTTTTTTTT

06[13:34] * magoo slaps dptl around a bit with a large trout

[13:39] {dino} itt l .00

[13:49] {magoo} pretty decent pullbk dndn

[14:14] {Les} awiav?

[14:14] {Threei} IHNIWIM

[14:15] {Les} i have no idea what I (m?)

[14:15] {Threei} you almost got it :)

[14:15] {Threei} it means

[14:16] {Les} this an existential question?

[14:16] {Les} I've had my liquid dinner

[14:16] {Threei} it's not a question

[14:16] {Threei} yours was

[14:16] {Threei} mine is an answer

[14:18] {Les} whatever

[14:18] {Les} c u's monday

[14:18] {shorty} good weekend Les

[14:20] {dino} cya les

[14:31] {RonS} mags watcha thinkin dndn?

[14:33] {strider} MEE

[14:33] {Threei} look to shoert it into bounce around 55

[14:39] {magoo} mkts rotting

[14:50] {Threei} anyone caught DNDN short entry?

[14:51] {shorty} Too fast for me Threei....I was waiting for your cammand.

[14:51] {magoo} no, but i caught GS sh from 146.60

[14:52] {magoo} covered .56

[14:52] {ese} i'm lookin for time and sale to be goin nuts vad as per your quidance BUT!! there is nothin absolutely nothin.......I may have blacked out staring at this screen ...sheesh

[14:52] {magoo} 145.56 that is

[14:52] {Threei} wtg

[14:54] {magoo} wtg=?

[14:54] {Threei} sigh

[14:54] {Threei} ese, on what stock?

[14:54] {magoo} is it in one of your books?

[14:56] {ese} lots of stocks........i must be lookin or have the wrong screens

[14:56] {Threei} PALM MSFT CEO: No current plans for a counteroffer to HPQ's $5.70/shr bid (5.82, -0.03, -0.51%) (related HPQ MSFT )

[14:56] {Threei} lol

[14:56] {Threei} they can't believe they got lucky to get this

[15:00] {Threei} ese... not sure I understand

[15:00] {Threei} that crazy pace you refer to is a momo sign

[15:00] {Threei} we have no momos today

[15:04] {magoo} RIG

[15:04] {magoo} DNDN

[15:04] {magoo} GS

[15:04] {magoo} crazy momos today

[15:04] {ese} exactly........that on of the things i look for....on one of our previous discussions on the board here we talked about how to recognize it by looking at the time and sale

[15:04] {Threei} not really mags

[15:04] {Threei} big move is not necessary a momo

[15:04] {ese} thats one

[15:04] {Threei} DNDN yesterday sure was

[15:05] {Threei} today it was closer to normakl stock, on a fast side

[15:14] {ese} anyway.......i gotta go my high school R&B band have a show tonight......you all have a great weekend .....

[15:14] {Threei} you too

[15:14] {shorty} Have a great show ese!

[15:14] {ese} cya vad

[15:15] {Threei} FBP Hearing Dealreporter saying regulators may seize Firstbank Puerto Rico

[15:15] {Threei} - Note: WHI is halted on news pending

[15:32] {shorty} I am out....Have a good weekend everyone.

[15:33] {RonS} over and out shorty

[15:33] {Threei} take care shorty, dig out of that snow

[15:34] {dino} cya shorty

[15:38] {Threei} looks like closing at the lows in cards

[15:39] {dino} out ctrp flat out rino +.25

[15:39] {dino} out aixg -.09

[15:41] {magoo} cov sh GS 145.01-145.60

[15:41] {magoo} 144.60-0-

[15:41] {magoo} wsgh

[15:41] {magoo} SIGH

[15:44] {Threei} you were right

[15:44] {magoo} i may be done at highs

[15:45] {Threei} no one wants GS over the weekend

[15:45] {magoo} worry over news vad

[15:45] {Threei} yeah, just imagine criminal charges being laid

[15:46] {Threei} just looking into whether to carge them sent it down 16 points

[15:47] {magoo} target GS next week is 130

[15:50] {fernp} have a great weekend everybody. See you next week

[15:50] {RonS} cya fern

[15:52] {Threei} take care fern

[15:53] {Threei} grabbed last little piece of GS on .50 break

[15:53] {Threei} okay guys, thank you all

[15:53] {RonS} kinda reminds me of the good old days of the bs and leh fire

[15:53] {Threei} have a good weekend, see you on Monday

[15:53] {Threei} lol true Ron

[15:55] {lasertrev} have a good weekend all

[15:59] {dino} take care all

Apr 29 2010

Not overly active but nicely profitable day, with MGM and VVUS longs, and a few discretionary plays on various active stocks.

Session Time: Thu Apr 29 00:00:00 2010

[06:18] {fernp} mibbit is working... great!!

[08:06] {magoo} mornink comrades

[08:10] {magoo} MAGOO FAINTS...BIDU UP (% POINTS!!!!

[08:10] {strider} morning mags

[08:10] {magoo} expect to see 30 points BUT 95 POINTS?!?????????????????????????????????????(%

[08:11] {magoo} strider:)

[08:11] {strider} what's a few dozen points among friends.

[08:19] {magoo} retard cramer price target $2000 a share....

[08:20] {strider} do you trade BIDU?

[08:22] {Threei} magoo trades BIDU a few times a day just as a warm-up

[08:22] {strider} good idea.

[08:22] {Threei} me, I intend to trade PALM all day

[08:22] {strider} has a share price been stated for the buyout?

[08:23] {Threei} yes

[08:23] {Threei} for some reason tades a bit higher thuogh

[08:23] {Threei} buyout is 5.70

[08:28] {magoo} u not serious about PALM?

[08:28] {Threei} of course not :)

[08:29] {strider} :)

[08:29] {Threei} it's bought out

[08:29] {Threei} kaput

[08:29] {magoo} anyonre know how high bidu got afterhours?

[08:29] {Threei} end of saga

[08:30] {magoo} tell u what was interesting yesterday, was trading back and forth F 3000 shares for dimes

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 448K V 445KE; CONTINUING CLAIMS: 4.645M V 4.618ME

[08:30] {magoo} range was 2.90 to 3.20 area

[08:30] {Threei} US) Mar Chicago Fed National Activity Index: -0.07 v -0.20e

[08:30] {Threei} - Prior revised from -0.64 to -0.44

[08:30] {magoo} DUH

[08:30] {magoo} 12.90-13.20

[08:30] {Threei} well, you are movoing on ese turf

[08:31] {Threei} he does this often with 5-10 and moreK

[08:31] {Threei} I mean not F specifically vut this kind of stocks

[08:32] {magoo} i aasked dave for 30,000 share max position but he wasnt receptive :)

[08:32] {Threei} I guess he said:

[08:32] {Threei} 30K? kidding? I don't want to deal with such small fish. Trade 75K or bust

[08:32] {magoo} ah, u know dave well

[08:34] {Threei} sure,,, who's dave btw?

[08:34] {strider} Dave's not here.

[08:35] {magoo} dave is like big brother strider, he has eyes upon us ALL the time

[08:35] {Threei} ait reminds me something

[08:35] {Threei} oh

[08:35] {Threei} whose bike is it?

[08:35] {Threei} it's a chopper baby

[08:35] {Threei} whose chopper is it?

[08:36] {Threei} Zed's

[08:36] {Threei} who's Zed?

[08:36] {Threei} Zed's dead baby... Zed's dea...

[08:36] {Threei} where is nemo to name a movie...

[08:39] {strider} PCBC

[08:39] {Threei} PCBC Reports Q1 -$1.80 (unclear if comparable) v $0.16e, R$94.7M v $108.2M y/y; granted $500M investment

[08:40] {strider} Who wants to go long NBG.....national bank of Greece.

[08:43] {ese} well my goodness..........it's let me in......talk about chat board withdrawl

[08:43] {Threei} sorry ese... :)

[08:44] {Threei} denial of service attack on mibbit

[08:44] {ese} na nah....it's fine......

[08:44] {Threei} first time in years this happened

[08:45] {ese} i'm just coming over to drink your wine thats all............

[08:45] {fernp} Good morning everybody

[08:45] {Threei} maybe install mirc for this kind of cases... happens very seldom but why not have a backup

[08:45] {Threei} fern :)

[08:45] {ese} fern

[08:45] {ese} thats a good plan

[08:48] {Threei} (PO) Portugal Gov't approves decree that allows loans to Euro Zome members; now sent to Greece for approval

[08:55] {ese} what!!!!!! nobody kicks dp........why I otta!!!!

[08:56] {dptl} :) good morning

[08:56] {Threei} dp :)

[08:56] {ese} dddddddddppppppppp!!!!!!!!!11

[08:56] {dptl} Ese :)

[08:59] {Les} mmmmmmmmmiiiiiiiiiiiiiiiiiiibbbbbbbbbbbbbbbbbbbbbiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiittttttttttttttttttttttttttt

[09:00] {Les} happy to be able to access Mirc, but prefer mibbit. morning

[09:00] {Threei} les :)

[09:01] {Threei} opk, nemo, les... no one here could name a movie quoted

[09:01] {Threei} help us out:

[09:01] {Threei} [08:35] {Threei} whose bike is it?

[09:01] {Threei} [08:35] {Threei} it's a chopper baby

[09:01] {Threei} [08:35] {Threei} whose chopper is it?

[09:01] {Threei} [08:36] {Threei} Zed's

[09:01] {Threei} [08:36] {Threei} who's Zed?

[09:01] {Threei} [08:36] {Threei} Zed's dead baby... Zed's dea...

[09:01] {Les} nothing russian i hope

[09:01] {Les} pulp

[09:01] {Les} fiction

[09:01] {Threei} thank you

[09:02] {nemo} Yeah, Bruce Willis

[09:02] {Les} whoever failed that test should be thrown outta here

[09:02] {Les} not worthy of being a trader

[09:03] {Threei} they all did

[09:03] {Threei} I was ashamed

[09:04] {ese} morning les

[09:05] {Les} hey ese

[09:07] {Les} got my copy of Avatar today. It's actually quite enjoyable without the eye strain and migraine caused by 3D glasses

[09:08] {Threei} AVNR Hearing Wedbush initiates with Outperform rating and $9 price target (timing uncertain) (3.09, 0.00, 0.00%)

[09:08] {Threei} lofty target

[09:09] {Les} where's Dino?

[09:09] {Les} don't tell me my binky isn't at work today?

[09:09] {Threei} and most of all, don't ever tell him you called him your binky

[09:10] {Les} that was Nemo's name. Had to look it up in a dictionary

[09:10] {Les} but it is funny

[09:11] {Threei} well, let's see if dino finds it funny

[09:11] {Threei} or slaps you into oblivion

[09:11] {Les} hehehe naaaaaaaaaah let's not find out

[09:11] {Threei} too late

[09:11] {Les} lol

[09:11] {Threei} he uses mibbit... and mibbit has last lines repeated...

[09:12] {strider} vad, whatever happened to that last guy that called him that?

[09:12] {strider} Didn't he die a horrible fiery death?

[09:12] {Threei} he is like Zed

[09:12] {Threei} hey, you know who can't read?

[09:12] {Threei} Morgan Joseph

[09:12] {jfjf64} any BODY home

[09:13] {Threei} PALM Morgan Joseph Raised PALM to Hold from Sell

[09:13] {Threei} hey jf!

[09:13] {dino} gm all

[09:13] {Les} hmmmmmm can we short BIDU today? like for 10 points?

[09:13] {Threei} dino :)

[09:13] {Les} morning binky

[09:13] {Les} aaaaah I mean dino

[09:13] {jfjf64} what happen yest you stay up late takin pictures forgot bout US

[09:13] {Les} :s

[09:14] {Threei} lol

[09:14] {Threei} you read trading log?

[09:14] {jfjf64} we get em today

[09:14] {jfjf64} i read

[09:14] {jfjf64} lokl

[09:14] {Threei} http://tradinglog.realitytrader.com/

[09:14] {jfjf64} lol

[09:14] {dino} dino ssssssssssslllllllllllllllllllllllllaaaaaaaaaaaaaaaaaappppppppppppppsssssssss les w/golf club

[09:14] {Threei} there you go!

[09:15] {jfjf64} jf likessssssssssssssssssssssssssssssssssssssssss

[09:15] {Les} it was Nemo's call dino, just remember that

[09:15] {Threei} hehe

[09:15] {jfjf64} lot of energy today

[09:15] {Threei} Les... bad defence...

[09:15] {Threei} it'll get you nothing but additional slap by nemo

[09:16] {Les} crap you're right

[09:16] {Les} but I fear dino more than Nemo

[09:16] {Les} Nemo's just a big old pussycat

[09:16] {jfjf64} lets slap this OPENaround 3i

[09:16] {Threei} living dangerously today I see...

[09:16] {dino} hey vad, you were treating me like dawg yesterday, would not let me in

[09:16] {ese} I would.....man the guy has a golf club

[09:16] {Threei} lol dino

[09:16] {Threei} magoo's fault

[09:17] {dino} played last night es, w/snowflakes falling

[09:17] {Threei} I was telling hikm "tell dino there is another way to connect",

[09:17] {ese} cool....what'd ya shoot

[09:17] {Threei} and he was all like "yeah, I just told him you said there is no way for him to connect"

[09:18] {dino} bad es, bad... 8 over

[09:18] {ese} whaaaaaaa!!!!1 an 80.......thats great

[09:18] {ese} are you scratch

[09:19] {larisa} gm :)

[09:19] {ese} larisa

[09:19] {lasertrev} morning

[09:19] {dino} no, but i was 5 over going into last hole, tree trouble

[09:19] {ese} LT

[09:19] {Threei} larisa, trev :)

[09:19] {ese} that beats my 12 handicap right now

[09:20] {ese} I just can't putt the dam ball......would cut off about 5/6 strokes if i could putt it into the hole

[09:21] {dino} chipping hurt me

[09:22] {strider} golf's too dangerous for me.

[09:22] {Threei} AVNR's trying

[09:23] {RonS} gm all...akam, 22 mil short, 13% float

[09:23] {Threei} ron :)

[09:24] {dino} strider, you're just forgetting to take a six pack w/you, it calms you down

[09:24] {strider} no that's the problem. I keep running into things with the golf cart.

[09:24] {dino} lol

[09:25] {dino} i remember magoo hittiong the ball washer once

[09:25] {strider} ORLY

[09:26] {magoo} and it was wet so entire washer post with cement came out

[09:26] {magoo} flattened it

[09:26] {RonS} orly 12.5 mil short, 9.5% float

[09:28] {ese} any thoughts on PALM this morning vad

[09:28] {shorty} good morning all

[09:28] {Threei} it's bought out ese

[09:28] {Threei} shorty :)

[09:30] {Threei} GNBT Receives New US Patent for Its Proprietary Buccal Drug Delivery Platform Technologies (0.46, +0.02, 5.60%)

[09:31] {Les} covered a miniscule number of shares on BIDU for +1.25 just before the open

[09:31] {Les} thank god

[09:32] {nemo} fslr

[09:33] {dino} esi

[09:33] {dino} apol, dv too

[09:33] {Les} esi down to 200 ma on daily

[09:34] {RonS} akam

[09:34] {jfjf64} mgm

[09:35] {Threei} Long Setup: WFC 33 break if stays above .90

[09:36] {Threei} invalidated but turns into bounce canddiate

[09:36] {Threei} too fast...

[09:37] {Threei} .80 recross was it but heck

[09:37] {ese} gamblin L pran .13

[09:38] {Les} l wfc .81 2nd recross

[09:39] {ese} drug for alzheimers disease.........I think

[09:39] {Threei} LVS, watching pullback for long entry

[09:40] {magoo} grrrrrrrrrrrrr

[09:40] {ese} out pran .25 +.12

[09:41] {Threei} (GR) Greece official: EU/IMF seek extra wage cuts in pensions; increase in VAT to 23-24% from 21% curent level

[09:41] {Les} out wfc +.09

[09:43] {nemo} fslr pullback :)

[09:43] {Threei} LVS becomes much more interesting here

[09:44] {Threei} crap, jumps faster than I can type

[09:44] {Threei} ARLP Hearing vague chatter that coal mine collapsed (49.19, -1.98, -3.87%)

[09:44] {nemo} we'll have to go Skype

[09:45] {magoo} i caught it vad .55

[09:45] {magoo} out .67

[09:45] {Threei} :)

[09:46] {Threei} Long Setup: MGM .20 break if stays above .10

[09:47] {Threei} ADBE Ticks lower after CNBC commentary speaks about Apple CEO's Jobs comments that will not include Adobe products

[09:48] {Les} miners going for it again SLW

[09:50] {magoo} RIMM is back to its old ways vad, deserves more attention

[09:51] {Threei} LVS explosion

[09:52] {nemo} mgm offer .25

[09:52] {shorty} I saw that

[09:52] {Threei} {MGM, chewing and chomping} what offer?

[09:52] {nemo} long gone

[09:53] {shorty} ISE 21k

[09:53] {Les} vad slw hod break?

[09:53] {shorty} It was more then that I think 200k

[09:53] {Threei} I think so Les

[09:54] {magoo} the new magoo (ese style) hit EK .34 to .46 3k

[09:54] {Threei} :)

[09:54] {dino} elx l .25

[09:54] {magoo} evolving, havent even touched BIDU

[09:54] {shorty} I took 1:1 on mgm

[09:55] {Threei} based on .15 stop?

[09:55] {shorty} no

[09:55] {shorty} yes

[09:55] {Threei} which then?

[09:55] {shorty} sorry Threei

[09:55] {Threei} lol

[09:55] {shorty} I read it as 15 cent risk

[09:57] {strider} dino, what's your stop on ELX?

[10:01] {magoo} i took .27 mgm but 2k

[10:01] {magoo} ty

[10:01] {Threei} guys in case I forget, or miss it,

[10:01] {Threei} VVUS

[10:01] {Threei} 10 break

[10:01] {Threei} look at daily

[10:04] {Les} gld breakin out

[10:05] {Threei} SLW too

[10:05] {strider} stop still .10 on MGM?

[10:05] {Les} aig setting up

[10:06] {fernp} FAF 36 break long, Vad?

[10:06] {nemo} almost hit 1:1 on mgm should probably move stop up

[10:06] {Threei} it was close enough to 1:1, I'd trail to .15

[10:06] {Threei} BSDM Phase III study results published in Lancet demonstrate improved survival for sarcoma cancer patients treated with hyperthermia

[10:06] {Threei} what was that?

[10:06] {ese} mags nice one with EK

[10:07] {Threei} don't see any news for this drop

[10:07] {Threei} Thursday, April 29, 2010 10:05:44 AM

[10:07] {Threei} (US) Pres Obama formally puts forward three name for US Federal Reserve Board (as expected)

[10:07] {Threei} - Names Janet Yellen to US Fed Reserve Vice Chair

[10:07] {Threei} - Names Peter Diamond, Sarah Rasking to Fed Board

[10:07] {Threei} ***Reminder: On March 14 -Fed Yellen's expected nomination as Fed Vice Chairman could bring a strong advocate of low interest rates - WSJ

[10:07] {Threei} - For the two other vacancies on the Fed's board, candidates being considered are Sarah Raskin (Maryland's commissioner of financial regulation) and MIT economist Peter Diamond.

[10:07] {Threei} **Note: Yellen is considered one of the more dovish members of the FOMC. Most recently on the 22nd of Feb Yellen reaffirmed that, while the tide does appear to have turned on the economy "now is not the time to remove stimulus"

[10:07] {Les} vvus coming

[10:08] {Threei} I'd prefer some more consolidation

[10:08] {nemo} vvus sneaking up on 10

[10:08] {Les} ye

[10:09] {nemo} in

[10:09] {shorty} Hesitated

[10:10] {nemo} 1/2 out

[10:10] {shorty} gj nemo

[10:10] {Les} in small shares. will average in if it continues

[10:11] {magoo} crap missed VVUS

[10:11] {shorty} nice call Threei, missed it

06[10:11] * Threei slaps magoo around a bit with a large roll of cash

[10:11] {Threei} easiest money ever

[10:11] {nemo} 1/4 more 25

[10:11] {jfjf64} me toooooooooooooooooo

[10:11] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

06[10:11] * Threei slaps jfjf64 around a bit with a large roll of cash

[10:12] {Threei} what are you kidding? alerted well in advance

[10:12] {jfjf64} missed it

[10:12] {fernp} SLW .15 break, Vad?

[10:13] {Threei} not sure fern... I doubt it

[10:13] {nemo} where stop on vvus

[10:13] {fernp} ty

[10:13] {Threei} b/e

[10:14] {Les} screwed my averaging in. bought the break. out with small green

[10:14] {magoo} READ RIMM VAD

[10:14] {magoo} sorry caps

[10:16] {Threei} need pullback for double bottom here mags

[10:16] {Threei} to about .65

[10:17] {magoo} look at DCTH too please

[10:17] {Threei} BPOP Hearing Sterne Agee making positive comments (timing uncertain0 (2.13, +0.03, 1.43%)

[10:18] {Les} stopped slw

[10:20] {Les} huge off mgm

[10:20] {Les} offer

[10:23] {Threei} uh oh

[10:23] {Threei} mibbit acting up or what

[10:25] {Threei} crap

[10:25] {Threei} TIVO Hearing strength attributed to renewed takeover chatter (18.38, +0.74, 4.20%)

[10:25] {strider} MGM dbl top

[10:26] {Threei} SEED Hearing takeover chatter circulating (10.06, 0.00, 0.00%)

[10:26] {strider} out flat mgm

[10:27] {nemo} bid .25 offer .27 vvus

[10:27] {Threei} EDGX scalping? :)

[10:28] {nemo} raise stop to .10 on vvus

[10:28] {nemo} ?

[10:28] {Threei} it's valid

[10:29] {Threei} kind of personal choice between trailing to under .10 and keeping at b/e

[10:29] {Threei} MGM 1:1

[10:29] {nemo} well, here's hoping oms works

[10:30] {magoo} u like the look of rimm here?

[10:30] {Threei} no

[10:30] {magoo} me neither

[10:31] {Threei} UNG is dumping

[10:31] {Threei} EIA NATURAL GAS INVENTORIES: +83 BCF VS. +65 +75 BCF ESTIMATE RANGE

[10:35] {Les} back in Mirc again I see

[10:36] {Les} anybody here?

[10:36] {strider} no.

[10:37] {Les} FIS just broke .50

[10:37] {fernp} mibbit down again

[10:37] {Les} yeh been speaking to myself

[10:37] {Les} was enjoyable conversation

[10:37] {fernp} lol me too

[10:38] {Les} rimm db'd, grabbed a scalp. not sure what it's doing now

[10:39] {Les} mgm

[10:39] {Les} sorry

[10:39] {magoo} vad news FCX?

[10:40] {Threei} no

[10:41] {Les} binky lost :(

[10:41] {fernp} CMC 15 breakdown, Vad?

[10:42] {Threei} yes

[10:43] {fernp} stop above .10 is correct, no?

[10:43] {Threei} as it stands now, yes, but if consolidates under .05, that could become a valid stop

[10:44] {fernp} ok

[10:45] {magoo} out fcx .44

[10:45] {magoo} .10 - .44

[10:46] {magoo} is VVUS a bounce cand vad?

[10:47] {Threei} I think so

[10:49] {magoo} read onAIG here boss?

[10:49] {magoo} has the look

[10:50] {Threei} nah

[10:50] {Les} wow, how did mgm play turn out? scalp or partial?

[10:51] {Les} not so shabby now mgm

[10:51] {Threei} I am out 1:2

[10:51] {Threei} everyone else it seems made thier own modifications

[10:51] {Threei} and screwed it up badly {G}

[10:51] {Les} ha

[10:52] {Les} took the scalp. been a scalping day. I am ready to quit now if market sleeps

[10:52] {Threei} sleeps?

[10:52] {Threei} have you looked at the chart?

[10:52] {magoo} u paper trading ow or real $$ les?

[10:52] {Les} always paper

[10:53] {magoo} been doing alot a better i observed

[10:53] {Les} stopped using a diary while doing my uni studies

[10:53] {Les} got back to post-trade analysis last week

[10:53] {Les} making a big difference

[10:56] {shorty} Hello?

[10:56] {Les} ssssshhh no one answer

[10:57] {shorty} wtf, mbbit down again

[10:58] {Les} IVZ dt following yesterday

[10:58] {shorty} I was in the mbbit abyss. got scared.

[11:01] {nemo} so market gained back everything it lost two days ago

06[11:04] * shorty slaps Les around a bit with a large trout

06[11:06] * Les slaps Les around a bit with a large trout

[11:06] {Les} u feel better now?

[11:06] {Threei} self-flagellation?

[11:06] {shorty} lol

[11:07] {Les} hey, can't beat em, join em

[11:08] {strider} COP

[11:10] {dino} .

[11:10] {Threei} mibbit's back up?

[11:10] {nemo} binky's back

[11:10] {dino} sold fire at .40, +.66

[11:10] {shorty} yes I think so

[11:10] {Les} :)

[11:10] {dino} :O

[11:11] {dino} aixg l .41

[11:12] {Les} dino, can I have you watch list please?

[11:12] {dino} fire, aixg, apol, dv, esi, gmcr

[11:12] {Les} before we lose you again

[11:12] {Les} ty

[11:12] {Threei} {dino} yes - watch for trout

[11:13] {dino} hmmmmm

[11:14] {Les} lvz 23 break vad?

[11:14] {Threei} LVZ?

[11:14] {Les} sorry IVZ

[11:14] {Threei} hmmm

[11:15] {Threei} not sure

[11:15] {dino} scanners all red

[11:17] {dino} aixg stopped -.08

[11:20] {shorty} b/o .46 AKAM?

[11:21] {Threei} I doubt it

[11:21] {Threei} chart is OK but AKAM is not really breakout stock

[11:21] {shorty} ty

[11:24] {dino} ctrp l .50

[11:30] {ese} ahhhhh am back in

[11:30] {shorty} CMCSA

[11:37] {Les} wfc hod break vad?

[11:38] {strider} long APOL .75

[11:39] {Threei} in hindsight, yes..

[11:39] {Les} crap had to have a nose bleed on the break

[11:39] {Les} the pressure must be getting to me

[11:39] {Threei} try not to push them throuhg the resistance with your face, OK?

[11:40] {Les} :/

[11:40] {Threei} we play too many breaks

[11:44] {Les} TMO u see a bounce or short play here vad?

[11:44] {Les} looking weak to me

[11:45] {Threei} not enough input from chart yet

[11:45] {Threei} it's either forming double bottom

[11:45] {Threei} if holding .55, consolidates and breaks

[11:45] {Threei} ir breakdown if loses .55

[11:45] {Threei} ir = or

[11:45] {Les} db from yesterday?

[11:46] {Threei} nah, 1 min

[11:46] {Les} sorry, wait for db today

[11:47] {Threei} .55 - .65 is your range for direction to be defined

[11:47] {Les} yeh thanks

[11:49] {Les} cmc

[11:51] {Les} s cmc .98

[11:52] {Les} yesterday's low here, so mindful of reversal

[12:06] {Les} s TMO .53

[12:13] {fernp} .

[12:14] {fernp} mibbit is working?

[12:14] {Threei} looks like

[12:14] {fernp} ty

[12:14] {Threei} TMO works nicely

[12:15] {Les} yeh. just wondering how greedy I am

[12:15] {Les} scalp taken +.11

[12:16] {Les} out cmc +.08 time to do dinner

[12:16] {shorty} Order pizza, easy

[12:17] {nemo} vvus

[12:17] {Les} I'm fat enough as it is shorty. I am also ex-cook, so do it myself

[12:17] {Les} AKAM .70 break down interests me

[12:17] {Les} vad?

[12:17] {Threei} VVUS looks like new round starts

[12:17] {nemo} .35 break or consolidation first

[12:18] {Threei} break if holding closse

[12:19] {nemo} holding what?

[12:19] {Threei} not sure Les

[12:19] {Les} ok

[12:19] {Threei} well, if holding close enough for stop to be comfortable

[12:20] {shorty} aggressive entry, with a stop of .24?

[12:21] {Threei} I'd prefer a break

[12:22] {shorty} ok

[12:22] {Threei} VVUS Hearing strength being attributed to positive chatter ahead of upcoming FDA advisory panel review of Qnexa (timing uncertain)

[12:22] {Threei} - the weight loss drug will be review by an FDA advisor panel on July 15th. (10.32, +0.63, 6.50%)

[12:22] {shorty} There is hope for us fatties!

[12:22] {Threei} funny how tape gave us entry way before news

[12:23] {Threei} CA) BoC's Carney: There is no viable replacement for the USD as reserve currency

[12:23] {Threei} duh

[12:23] {shorty} bad prediction on my part with VVUS

[12:25] {nemo} somebody's playing games

[12:27] {Les} s akam .71

[12:29] {dino} dndn

[12:29] {shorty} wow

[12:29] {larisa} wow

[12:29] {nemo} wow

[12:29] {strider} mom

[12:29] {Les} sweet

[12:29] {Threei} DNDN FDA approves Provenge (44.33, +4.71, 11.89%)

[12:30] {nemo} wtf

[12:30] {ese} out crus .13 +.14 a nice little 9 iron right on the pin

[12:30] {dino} lol

[12:31] {Threei} whew

[12:31] {larisa} can i say wow again or limit is up

[12:31] {strider} APOL

[12:31] {Threei} let me see what I got

[12:31] {Threei} 44 entry

[12:32] {shorty} no way!

[12:32] {Threei} exits scattered from 44.70 to 45.72

[12:32] {Les} sweeeeeeeeeeeet

[12:32] {Threei} going to change diapers

[12:33] {shorty} Put on some Penaten in case you get a rash.

[12:33] {Threei} OMNI Hearing Trussco division may be receiving contract to clean up Gulf on Mexico oil spill (timing uncertain) (2.61, +0.32, 13.97%) (related CLH )

[12:34] {dino} halt

[12:34] {Threei} DNDN Halted (45.50, +5.88, 14.84%)

[12:34] {Threei} (GE) German Fin Min: not definite yet that Greek aid package will get approval

[12:35] {shorty} lol first time I have seen a halted stock.

[12:35] {dino} really?

[12:35] {shorty} ya, I am a new to trading.

[12:35] {magoo} crap..i been caught in 3 halts

[12:35] {dino} i hate getting caught in them

[12:35] {shorty} heard about them a lot, but never seen it.

[12:36] {dino} aixg sm l .83

[12:38] {shorty} You can't sell when halted, I assume you can't buy?

[12:38] {strider} can't do squat.

[12:38] {strider} well, maybe that.

[12:38] {shorty} That would scare me if I was in that position

[12:39] {shorty} lol

[12:39] {strider} out APOL +.27

[12:39] {strider} out CTRP +.10

[12:39] {shorty} sweet!

[12:39] {magoo} well..this case its good news so prob nice gap up open

[12:40] {magoo} but, yea...can be DEATH

[12:40] {strider} CTRP wacko, dino.

[12:40] {Threei} wtg strider

[12:40] {shorty} Anyone ever caught in in "DEATH" stock?

[12:40] {Threei} halt is the only case where day trader loses control

[12:40] {magoo} ya..magoo

[12:40] {Threei} yes shorty

[12:41] {Threei} one word: yeechh

[12:41] {nemo} That should be rephrased...Has anybody NOT been caught in one

[12:41] {shorty} shorty

[12:41] {strider} I never have.

[12:41] {RonS} exactly

[12:41] {nemo} I knew you would say that strider

[12:41] {shorty} In time I guess.

[12:41] {RonS} clf freefall

[12:41] {magoo} vad recommended a call, i took it..it was halted and crashed..vad (the honorable gent he is) gave me 1 month off room fee

[12:41] {strider} I knew you would say that, nemo.

[12:42] {shorty} That was kind of him.

[12:42] {Threei} no mags, that was different case

[12:42] {magoo} OH YEA

[12:42] {Threei} your memory fails you

[12:42] {nemo} when he sent the strippers?

[12:42] {shorty} lol

[12:42] {magoo} it was naz breaking quot

[12:42] {Threei} it was a stock where some trades were canceled

[12:42] {magoo} trades

[12:42] {Threei} right

[12:42] {Threei} I even remember a stock

[12:42] {Threei} do you?

[12:42] {magoo} no

[12:42] {Threei} haha

[12:43] {Threei} WATG

[12:43] {magoo} shorty.u ever see that..trades go thru ...u make BIG dough..naz comes in and breaks the trades...always NOT in your favor

[12:43] {Threei} you actually made a profitable trade

[12:44] {Threei} so call was good

[12:44] {Threei} it;'s breaking the trades by NASDAQ that killed you

[12:44] {Threei} and I didn't consider it fair

[12:44] {magoo} ya ya..correct

[12:44] {Threei} so I chipped in

[12:44] {shorty} missed b/o on AKAM........

[12:44] {Les} AKAM kicked my butt and broke out

[12:44] {shorty} So what does naz do?

[12:45] {dino} ctrp out .62, +.12

[12:45] {shorty} breaking the trade?

[12:46] {magoo} xplain it vad

[12:46] {shorty} A link would be fine for me to read.

[12:46] {Threei} just a sec

[12:47] {shorty} Or I can use google.

[12:47] {strider} MYL

[12:48] {strider} DNDN

[12:48] {strider} theflyonthewall.com: Dendreon volatility collapses as shares rally into trading halt

[12:48] {strider} duh, ya think?

[12:48] {Threei} huh?

[12:48] {Threei} lol

[12:49] {Threei} shorty, in some rare, almost exceptional cases trading in certain name becomes obviously abnormal

[12:49] {Threei} $2 stock goes to 10 on no news or on false news or on some unexplained something

[12:50] {Threei} sometimes NASDAQ intrudes

[12:50] {Threei} and says, hey,

[12:50] {Threei} all trades from 11:00 to 11:25 are canceled.

[12:50] {Threei} now, imagine that you bought and sold within that time - you are fine, your whole trade just disappeared

[12:51] {Les} you keep the cash?

[12:51] {shorty} Ouch

[12:51] {Threei} it's like you never traded it

[12:51] {Threei} but imagine you bought at 10:59

[12:51] {Threei} at 7

[12:51] {Threei} sold 11:10, at 9

[12:51] {Threei} this is where you are in troubles,

[12:51] {Threei} because only your sell is canceled

[12:52] {shorty} That is worse, because you offer is cancelled, but you still hold the stock!

[12:52] {Threei} and you stuck with long position at 7

[12:52] {Threei} stock opens after the halt,

[12:52] {Threei} since everyone knows now there is no news

[12:52] {Threei} it opens down, closer to 2 where it started

[12:52] {Threei} and you are holding it at 7...

[12:52] {shorty} I would have to go to my PC store and buy two more monitors after I calmed down.

[12:53] {Threei} of course you may have gotten lucky:

[12:53] {Threei} bought it at 9,

[12:53] {Threei} took stop loss at 7,

[12:53] {Threei} they canceled your buy,

[12:53] {Threei} you keep your sell,

[12:53] {Threei} and find yourself short at 7

[12:54] {larisa} yeah right

[12:54] {Threei} but in reality, you never get this lucky :)

[12:54] {shorty} So, here is my question Threei: Since you gave him a break, does he give you anything in return for calling a good stock?

[12:54] {Threei} you'd think so

[12:54] {dino} grief

[12:55] {shorty} I see, one way street.

[12:55] {Threei} DNDN Confirms FDA aproval (45.50, +5.88, 14.84%)

06[12:55] * magoo slaps shorty around a bit with a large trout

[12:55] {shorty} lol

[12:56] {larisa} hey i have a good story! stock was down 40 points, I bought for a bounce long.. halt. next morning opened +15 points . Sometimes you get lucky actually

[12:56] {magoo} only YOU larisa

[12:56] {shorty} That is awesome

[12:56] {larisa} it was my only luck i think

[12:57] {Threei} Dendreon Corp Confirms FDA aproval on Provenge for certain men with advanced prostate cancer

[12:57] {Threei} - The U.S. Food and Drug Administration today approved Provenge (sipuleucel-T), a new therapy for certain men with advanced prostate cancer that uses their own immune system to fight the disease.

[12:57] {Threei} - Provenge is indicated for the treatment of asymptomatic or minimally symptomatic prostate cancer that has spread to other parts of the body and is resistant to standard hormone treatment.

[13:01] {Threei} market obviously doesn't think HP is very smart to pay 1.2B for that PALM crap

[13:02] {Threei} *(US) TREASURY'S $32B 7-YEAR NOTE AUCTION DRAWS 3.210%; BID-TO-COVER RATIO: 2.82 V 2.61 PRIOR AND 2.75 OVER THE LAST 10

[13:02] {Threei} Indirect bidders take 60% of competitive bids, with 93.6% allotted at the high

[13:02] {Threei} - Direct bidders take 12%, primary dealers %

[13:02] {Threei} - Median 3.14%, low 3.096%

[13:03] {magoo} HAL

[13:03] {magoo} HAL

[13:03] {magoo} SLB

[13:03] {magoo} OILS crushed

[13:07] {magoo} HHHHHHHHHAAAAAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

[13:07] {RonS} Inspections Ordered For All Deep Water Wells In Gulf Of Mexico-US Official 04/29 10:25 AM

[13:09] {Threei} HAL Hearing rumour that the company is being investigated by government (timing uncertain) (30.06, -3.29, -9.87%)

[13:09] {magoo} GS CRUSHED

[13:09] {nemo} it's up 2.50 mags

[13:11] {shorty} vmed 18 b/o?

[13:11] {magoo} i mean red candle

[13:11] {magoo} sorry

[13:12] {Threei} Halliburton Co Hearing rumor that the company is being investigated by government over its role in Gulf oil spill (timing uncertain)

[13:12] {Threei} - earlier today HAL confirmed that it did provide some services to the Deepwater Horizon rig that burned and sank.

[13:12] {Threei} hard to tell shorty

[13:13] {shorty} tested it twice today. I will leave it alone.

[13:13] {shorty} more then twice actually.

[13:14] {magoo} CAM too

[13:15] {RonS} There Will Be Blood

[13:18] {dino} aixg stopped, -.23

[13:18] {strider} what the h was going on with aixg, dino?

[13:19] {magoo} apparantly not in aapl ron

[13:19] {dino} earnings estimates

[13:20] {Les} I was long aixg with you dino. didn't take the scalp at the 50ma unfortunately.

[13:20] {dino} was thinking it would go back to 32.30

[13:20] {Les} l cmc .89

[13:23] {strider} MRK

[13:29] {RonS} iyr hoy

[13:30] {Les} stopped cmc flat

[13:30] {dino} fti

[13:32] {magoo} OMNI

[13:32] {magoo} OMNI

[13:32] {RonS} FMC builds and services subsea production systems used in the offshore oil and gas industry.

[13:33] {Les} AIXG having another go at the 50ma.

[13:35] {RonS} The dndn halt seems excessively long

[13:40] {shorty} I hold you responsible for doubting AKAM Threei. Do I get a month free in the chatroom?

[13:41] {Les} cheeky bugger

[13:41] {Les} somebody slap him

06[13:41] * nemo slaps shorty around a bit with a large lead pipe

[13:41] {shorty} ouch

[13:41] {Les} I'm pissed I shorted at .70 covered at a loss, and didn't think to go long

[13:42] {Les} l aixg .70 tight stop

[13:43] {Threei} 12:33] {Threei} OMNI Hearing Trussco division may be receiving contract to clean up Gulf on Mexico oil spill (timing uncertain) (2.61, +0.32, 13.97%) (related CLH )

[13:44] {Les} jeez you'd think they'd have every man, woman and dog available to clean up that mess

[13:44] {RonS} ...how do you clean up something that is still flowing?

[13:45] {Les} it's about to hit US shores

[13:45] {RonS} ...blame Bush time...

[13:45] {Les} had similar disaster in nth west aust earlier this year

[13:46] {RonS} 3i, clf db? Do you see an entry?

[13:48] {Threei} feels like up but hard to nail exact entry

[13:50] {Threei} AONE Hearing vague chatter on possible funding approval for two projects (26.51, -0.25, -0.93%)

[13:51] {ese} catch you all later.......have a choir to teach

[13:51] {Threei} take care ese

[13:51] {ese} cya vad

[13:51] {fernp} bye ese

[13:52] {Threei} Long Setup: AONE .70

[13:52] {Threei} if stays above .60

[13:52] {Threei} half lot

[13:53] {shorty} wow

[13:54] {RonS} aone l .65

[13:56] {Les} finished with aixg

[14:04] {shorty} out AONE

[14:04] {Threei} OMNI still moving

[14:05] {RonS} out a1

[14:06] {Threei} someothing's off

[14:06] {Threei} stock hits 1:1

[14:06] {Threei} how do you take full stop on it?

[14:06] {Threei} especially with agressive entry at .65

[14:08] {Les} ty Ron for CLF

[14:08] {Les} :( too early

[14:11] {Les} holy cow batman, can you spell squeeze!

[14:13] {shorty} b/o .50 AIG?

[14:13] {Les} inverted h&s AIG?

[14:14] {RonS} out clf 1.50

[14:15] {Threei} if holding .40, could be

[14:15] {shorty} nice

[14:15] {Les} sweet

[14:16] {Les} CLH

[14:22] {RonS} 3i, nct 4.00 break=long?

[14:23] {Threei} I like daily

[14:23] {Threei} less so intraday

[14:23] {RonS} txs

[14:23] {Threei} ideally, it would sit here for the rest of the day, then break out tomorrow

[14:24] {Threei} I'd be delighted to buy

[14:24] {Threei} if it breaks today, I will anyweay but will be much less delighted

[14:25] {RonS} "Deeelighted!" Teddy Roosevelt's favorite response...

[14:26] {Les} CLH was your stock dino thin and jumpy out +.28

[14:30] {fernp} have a nice evening everybody. See you tomorrow

[14:30] {Les} ciao

[14:30] {Threei} US Treasury's Geithner: Final cost of TARP was less tahn 1% of GDP; challenges to economy still exist

[14:30] {RonS} bye fern

[14:30] {Threei} take care fern

[14:37] {Threei} market resumed patern of crawl up and stall, only to repeat it next day

[14:40] {Les} AKAM stalling. looking for intensified selling soon...

[14:41] {shorty} I am looking for that too

[14:42] {Les} s. 48 partial cover .35

[14:44] {shorty} Maybe ,43

[14:46] {RonS} dndn still hated...wth?

[14:46] {RonS} hated=halted

[14:46] {shorty} Is that a bad sign?

[14:47] {RonS} very unusual I think since everyone and his brother was waiting for this news...

[14:49] {Threei} no even indication of resumption time on NASDAQ

[14:49] {Threei} news has been dissemiated... really unusual

[14:50] {RonS} ...may point to someone being on the wrong side...and being wiped out...

[14:50] {Threei} still say T1

[14:50] {Threei} which is Halt - News Pending

[14:51] {RonS} T1?...wasn't Arnold a T1?

[14:51] {Threei} lol

[14:51] {Threei} not even T2 yet, let alone T3... strange

[14:51] {nemo} spelled it rong ron

[14:51] {Threei} it's like there is more news

[14:51] {nemo} Ahhnold

[14:51] {RonS} ahso

[14:51] {nemo} chinese now?

[14:51] {Threei} conf call in progress

[14:52] {Threei} DNDN Exec: Estimates course of treatment may cost $93K over a three month treatment - conf call

[14:52] {nemo} so much for the budget deficit

[14:52] {Les} ouch who pays for that

[14:52] {nemo} gotta' mirror

[14:52] {shorty} Healthcare?

[14:52] {RonS} ...holy smokes...the socialists aren't going to pay that...

[14:52] {Threei} - will initially be able to treat about 2,000 patients and will ramp production over 12 months to meet demand.

[14:52] {nemo} of course not...they take it from the capitalists

[14:53] {Threei} - expects Medicare and private insurers will cover the drug.

[14:53] {RonS} ...here come the price dictats...

[14:53] {Threei} socialists pay for anything

[14:53] {Threei} after all it's never their money

[14:53] {Threei} and herein lies the main problem, as put forth by M.Tatcher

[14:54] {RonS} "Love means you never have to say you're sorry"

[14:54] {Threei} "problem with socislism is sooner or later you run out of other people money"

[14:54] {nemo} Ms. Thatcher

[14:54] {Les} tell that to the Fed

[14:54] {RonS} Mags to her friends...

[14:55] {Les} lol the old battleaxe trading here...

[14:55] {RonS} lol

[14:55] {Les} and suffering dementia if I remember correctly.

[14:56] {Threei} (GR) Moody's reiterates position; multi notch downgrade likely

[14:56] {RonS} ...sketchy terminology...multi notch

[14:57] {Threei} oh you want details

[14:57] {RonS} nooooo....

[14:57] {Threei} them are in our pocket:

[14:57] {Threei} Moody's: expects to complete its review of Greece's A3 sovereign bond rating shortly after the details of the euro area/IMF programme are unveiled. Moody's has consistently maintained that Greece's short-term liquidity and restructuring risks are negligible given the depth of international commitment to maintaining regional financial stability.

[14:57] {Threei} - he details of the euro area/IMF package will provide crucial credit information covering: economic and fiscal assumptions; mechanisms of support for the banking system; adjustment measures to be implemented over several years under the programme; and the total amount of financing, which will determine how long the Greek government will be sheltered from hostile market conditions.

[14:57] {Threei} you asked :)

[14:57] {Les} out flat 2nd half AKAM. still got some life in it

[14:59] {Les} AIXG playing how low can you go

[14:59] {nemo} stock to match your personality

[14:59] {Les} lol

[15:00] {nemo} can't help myself

[15:00] {Les} stop that, you're setting off my asthma

[15:01] {Les} small speculative long aixg .31

[15:01] {nemo} wow perfect hammer/volume on aixg

[15:01] {Les} what's a hammer?

[15:04] {dino} esi lod

[15:04] {RonS} har missed and murdered

[15:05] {magoo} one day...but NOT today...dino's gonna make 5 points ching ching on ESI

[15:05] {magoo} provided he lets it run

[15:06] {nemo} hey, les look at that aixg bounce

[15:06] {Les} hmmm I'm long .31

[15:07] {nemo} nice

[15:07] {dino} gj, thing keeps stopping me out

[15:08] {Les} me too. hoping it can pony up the stop tab before last drinks

[15:08] {Les} 200 ma .65 is target

[15:13] {Les} out -.01 no show

[15:13] {Threei} wow

[15:13] {Threei} shorty... you are to be hit by snow this evening??

[15:14] {shorty} It's been like this since yesterday

[15:14] {Les} that's funny, we get hit with low pressure system this weekend too

[15:14] {Les} gonna cut temperatures in half

[15:15] {shorty} C'mon Les...let us pick a top for AKAM

[15:15] {Les} that be for suckers man

[15:15] {larisa} lol

[15:15] {Les} show me some selling pressure

[15:15] {nemo} that's why he asked you les

[15:16] {shorty} lol

[15:16] {Les} haha u are on a roll today nemo

[15:16] {Les} u taking your meds again?

[15:16] {nemo} gotta' get it in, I'm on the road tomorrow

[15:16] {Les} ciao

[15:17] {RonS} ...did you hear? the EPA came out today and said that clean air is contributing to global warming. The epitome of circular reasoning...

[15:18] {RonS} ...let us control the air so we can have justification to control the entire economy. May as well change the name the the Politburo

[15:19] {larisa} I am still trying to gasp gasoline alarm clock concept.. stop it :)

[15:19] {Threei} how did they justify that Ron?

[15:19] {Threei} larisa, I sincerely , for your health sake, hope you mean grasp...

[15:19] {larisa} correct

[15:20] {Les} my guess is less pollution and smog is permitting more heat absorbtion. so burning fuel in gulf of mexico is good in their books

[15:20] {RonS} ...you start with a core belief that everthing and any thing causes global warming. The throw in some scientific gobbledegook and feed it to the media and the idiots...but i repeat myself.

[15:21] {Threei} ok... but still

[15:21] {nemo} apol looks like it's flirting with support

[15:22] {magoo} DNDN opens 7 minutes

[15:22] {Threei} yup

[15:22] {Threei} quotes in 3

[15:23] {RonS} ...was lookking for that, and found this: http://www.cnsnews.com/news/article/64827

[15:23] {RonS} unbelievable...

[15:24] {Les} science is our newest and latest god - we must worship it with financial contributions

[15:24] {Threei} lol, look at this

[15:24] {Threei} The report also highlighted a surprising way that global warming may cause more cancer: the development of green technologies. Green technologies often involve exotic metals and alloys that, according to the report, may cause cancer

[15:25] {RonS} http://www.npr.org/templates/story/story.php?storyId=126226938

[15:26] {Threei} beautiful

[15:27] {shorty} AKAM does not care

[15:29] {Threei} DNDN is ready

[15:29] {Les} if dndn is not open, how does it drop 3 bucks?

[15:29] {Threei} late prints

[15:29] {magoo} its NOt trading

[15:29] {Les} ah ok

[15:30] {magoo} just bids/offer

[15:30] {Threei} now it is

[15:30] {shorty} WOW!

[15:31] {RonS} ...mags must have gone short dndn...

[15:32] {shorty} This is beyond momo

[15:32] {nemo} been doing this a long time shorty?

[15:32] {shorty} Re read blog nemo

[15:33] {nemo} I was being facetious

[15:33] {Les} how peurile

[15:33] {shorty} Great, another word I need to google......me too

[15:33] {nemo} pot callin' kettle black

[15:33] {shorty} :D

[15:34] {shorty} I am serious 1 percent of the time. And that is when I make coffee.

[15:36] {magoo} makes aapl look calm

[15:38] {shorty} I think I am done for the day. Good night all.

[15:38] {dptl} good evening all

[15:38] {RonS} cya dp, shorty

[15:39] {Threei} take care shorty

[15:39] {Threei} dp, you are a slacker

[15:39] {Threei} shorty at least has sow as an excuse

[15:40] {Threei} snow

[15:40] {Threei} you have brilliant sunshine and +18C

[15:40] {shorty} I have to go out too.....

[15:46] {Les} missed esi breakout watching the fireworks

[15:47] {Threei} NCT nicely forms the foundation for tomorrow's play

[15:48] {Threei} let's try not to forget about it

[15:48] {nemo} great...I'll hear about the monster Friday on Monday

[15:50] {Threei} aww

[15:50] {nemo} and Les won't have me to kick him around either

[15:51] {magoo} where u take AWW vad?

[15:51] {RonS} dino http://www.reuters.com/article/idCNSGE63S0L520100429?rpc=44

[15:56] {strider} {nemo} and Les won't have me to kick him around either

[15:56] {Threei} thank you all

[15:57] {strider} I can fill in for you tomorrow, nemo.

[15:57] {nemo} cool

[15:57] {nemo} c u Monday

[15:57] {Threei} have a good evening

[15:57] {Threei} see you tomorrow, and nemo Monday

[15:57] {Les} get back in your box hillbilly

[15:57] {Threei} hava a safe trip nemo

[15:57] {nemo} ty

[15:57] {Threei} have a good snow shorty

[15:57] {larisa} bye all :)

06[15:57] * strider slaps Les around a bit with a large hillbilly club

[15:57] {Les} ciao c u's tomorrow

[15:57] {Les} hehehe

Apr 28 2010

Mibbit is down for the day so those who use it couldn't connect today. This is third party service, and they are under Denial of Service attack. Sorry guys, not much we can do - hopefully they are up and running for tomorrow, otherwise installing mIRC is the only way to connect the room. Our server is running smoothly. Please use instructions at the bottom of http://www.realitytrader.com/tradingroom/ for mIRC installation. Meanwhile, you may monitor their updates at http://blog.mibbit.com/

The day was uneventful, with couple rinses and whole lot of boredom.

Session Time: Wed Apr 28 00:00:00 2010

[07:49] {magoo} sedarmoc kninrom

[08:46] {Threei} AAPL Could launch next generation iPhone on June 7 at the Worldwide Developers conference - Business insider

[08:46] {Threei} I still don't understand the point of previous one

[08:49] {Raven} have you ever messed with an I-Phone?

[08:49] {Threei} for whole 5 min, gotta admit

[08:50] {Raven} it is slick ... but then I don't even have a cell phone :)

[08:50] {Threei} see? :)

[08:50] {Threei} I am sure it is, I just don't get the point :)

[08:50] {Raven} somehow I must be missing something

[08:50] {Threei} but then again, there are so many things I can that this about...

[08:51] {Threei} can say

[08:51] {Raven} just don't see the need for a cell phone except maybe for 10 minutes per year

[08:52] {Threei} lol... dialog between me and phone company rep when I switched from a plan to pay-as-you-go

[08:52] {Threei} he: why, it will cut severely your time allowance

[08:52] {Threei} I: great, I need very little

[08:52] {Threei} he: but how do you stay connected?

[08:53] {Threei} I: I don't generally...

[08:53] {Threei} he: huh?

[08:53] {Threei} I: huh?

[08:53] {Raven} rofl

[08:53] {Threei} total breakdown of communication :)

[08:53] {Raven} there is so much meaningles babble :)

[08:54] {Raven} less

[08:55] {Threei} I am making 10K loop around the lake, beautiful forest trail, canopy over your head, water in just a few meters... why would I want to "stay connected"???

[08:56] {Raven} but don't you want to know that your wife just got to the grocery store?

[08:56] {Threei} or walk along the ocean shore... herons, seals poking their heads out, occassioanl bald eagle

[08:56] {Threei} well, usually she is right there with me, lol

[08:56] {Raven} your sibling then

[08:57] {Threei} 10,000 km

[08:57] {nemo} morgen

[08:57] {Threei} nemo :)

[08:57] {Raven} n

[08:57] {Threei} (GR) German CDU budget expert: IMF and ECB reject inclusion of banks in Greece rescue package

[08:57] {Threei} ***Note: On Apr 27th a German CDU party member stated that it sought to discuss issue of haircuts with ECB and IMF in regards to Greece aid debate

[08:57] {nemo} guess we should have gone long on the close yesterday :)

[08:58] {Threei} shrug

[08:58] {Threei} mibbit is down it seems

[09:00] {strider} ACAS

[09:00] {strider} theflyonthewall.com: American Capital upgraded to Outperform from Underperform at BMO Capital

[09:00] {Threei} *(CA) CANADA FEB HOUSE PRICE INDEX Y/Y: 9.9% V 7.5%E

[09:00] {nemo} so greece banned short selling

[09:01] {Threei} oh yeah

[09:01] {Threei} let's see how well that works for them

[09:01] {nemo} Down elevator goes express...gonna' be a hard landing

[09:02] {magoo} vad, keep 1 eyre on BWLD for me, looking for a bounce setup today

[09:02] {magoo} also, AIG amzn

[09:02] {magoo} fcx

[09:02] {magoo} rimm

[09:03] {nemo} anything else vad can do for you?

[09:03] {Threei} ok, I am in need of 5 more eyes then

[09:03] {magoo} thank u (u have your work all laid out for u today :)

[09:03] {Threei} btw, speaking of eyes

[09:03] {Threei} keep one on SQNM

[09:03] {Threei} 6.50 break is interesting

[09:04] {magoo} also, GS was a nice short yesterday, so keep eye on it too

[09:05] {magoo} biggies after close BIDU FSLR AKAM

[09:06] {Threei} GR) German SPD member: German Parliamentary approval is not automatic on Greek rescue package

[09:06] {Threei} - Reportedly IMF sees need at $100-120B over 3-year period

[09:07] {Threei} quite amazing to see, but:

[09:08] {Threei} CNN guys got things right, and grilled two Senate idiots Levin and Dodd this morning with "you repealed Glass-Steagal creating today's situation, why do you blame GS now?"

[09:08] {Threei} GR) French PM Fillon: EU needs to allocate 30B in Greek aid immediately, must end "irrational speculation" against Greece

[09:15] {larisa} gm :)

[09:16] {Threei} larisa

[09:16] {larisa} vad :)

[09:20] {nemo} lari :)

[09:21] {larisa} gm nemo :) everybody still asleep ?

[09:21] {Threei} mibbit is down

[09:27] {fernp} Good morning everybody

[09:27] {Threei} fern :)

[09:27] {nemo} Hola fern

[09:27] {fernp} i think mibbit is down

[09:28] {fernp} it is impossible to log in here using mibbit

[09:28] {Threei} yeah

[09:31] {nemo} qcom

[09:33] {Threei} Long Setup: LVS .25

[09:33] {Threei} if holding above .15

[09:34] {Les} .

[09:34] {Les} anyone here?

[09:34] {nemo} there goes the neighborhood

[09:34] {Les} coooooooooooooool

[09:35] {Les} I'm in MIRC

[09:35] {Les} friggin mibbit screwed up once too many times

[09:35] {Threei} invalidated

[09:35] {Threei} watching for another setup

[09:36] {strider} UA

[09:37] {Threei} .15 break

[09:37] {strider} LVS?

[09:38] {Threei} .05 stop

[09:39] {Threei} no go

[09:39] {nemo} 200 ma right here

[09:42] {strider} STEC

[09:42] {Threei} STEC Strength attributed to vague takeover chatter

[09:42] {Threei} - IBM rumored as a potential acquirer (15.87, +0.51, 3.32%)

[09:43] {Threei} DCTH

[09:44] {strider} where's dino?

[09:44] {strider} ah, mibbit?

[09:44] {Threei} 09:21] {Threei} mibbit is down

[09:44] {Les} right, got it now. mirc works fine

[09:45] {Les} awiav?

[09:45] {nemo} coma

[09:45] {Les} already?

[09:45] {Les} so dino is not here?

[09:46] {nemo} Les without his binky

[09:47] {Threei} BCRX Reports Q1 -$0.06 v -$0.16e, R$26.1M v $20Me

[09:47] {Threei} - Ended the quarter with cash, cash equivalents and investments of $89.4M

[09:47] {Les} well what names have you got for me boy dexter?

[09:49] {dptl} good morning

[09:49] {Threei} dp :)

[09:50] {Threei} FTBK seems to prepare next jump

[09:51] {Threei} VVUS, what's up there

[09:51] {Threei} don't see any news

[09:51] {strider} BRCD upgrade

[09:52] {Threei} how about that jump, FTBK

[09:52] {strider} nthewall.com: Vivus initiated with a Buy at Brean Murray

[09:52] {strider} Brean Murray expects Qnexa to be approved on its October 28, 2010 PDUFA and for avanafil to be approved by 1H12. Target $15. :theflyonthewall.com

[09:52] {Threei} October??

[09:52] {Threei} I'll wait..

[09:53] {strider} hey, I'm just the messenger. :)

[09:53] {Threei} lol

06[09:53] * magoo slaps strider around a bit with a large trout

[09:53] {fernp} lol

[09:53] {strider} thanks, magoo. I needed that.

[09:54] {Threei} BRCD nice daily

[09:55] {strider} sticky data this morning in L2

[09:55] {Threei} fine here

[09:55] {magoo} lil ugly now

[09:55] {magoo} fine here

[09:55] {Threei} DEAR

[09:55] {Threei} very risky one

[09:55] {Threei} loco candidate

[09:57] {magoo} vad news FCX?

[09:57] {magoo} really check ok

[09:58] {Threei} no news

[09:58] {magoo} no... really

[09:58] {Threei} (IT) Italy: Fitch does not see any risks to Italy sov ratings at this time

[09:58] {Threei} uh oh

[09:58] {Threei} Italy is toast

[09:59] {Threei} - State faces a smaller challenge in stabilizing its debts in comparison to other Eurozone peripherals

[09:59] {Threei} - State must act on medium term finance issues

[10:00] {magoo} l FCX .20

[10:00] {magoo} RISKY

[10:01] {magoo} out

[10:02] {Threei} AFL Shares moving lower as firm discusses exposure to Greek banks and sovereign debts

[10:02] {Threei} - Have no direct exposure to Portugal sov debts

[10:03] {magoo} _ .15

[10:03] {magoo} -}15

[10:03] {magoo} sigh

[10:03] {magoo} -.15

[10:03] {Les} how can I slap you in mirc mags?

[10:03] {larisa} you can not :)

06[10:04] * strider slaps magoo around a bit with a large cardboard cutout of Les

[10:04] {magoo} nice

[10:04] {Threei} lol

[10:04] {Les} * star

[10:04] {Threei} Short Setup: AFL .40 break half lot

[10:04] {Threei} .55 stop

[10:05] {strider} I'm showing .34 now

[10:05] {Threei} so it's late, wait folr bounce

[10:05] {Threei} was .42 at the time of alert

[10:05] {Threei} broke down fast

[10:05] {Les} shorted fcx on the back of your long mags. 1st entry .15 averaged in .99 covered .82

[10:06] {Les} ty

[10:06] {strider} in .43

[10:06] {magoo} thats just wrong les

[10:06] {Les} not messing with ya

[10:06] {Les} cause it didn't go up

[10:06] {Les} I shorted on the bounce

[10:07] {Threei} no go AFL

[10:07] {fernp} yeah stopped

[10:08] {Les} fcx knows how to dive

[10:09] {Threei} AFL rinse

[10:11] {Les} vad fcx read?

[10:11] {Les} never mind

[10:14] {magoo} nasty trader afl

[10:15] {Threei} argh

[10:15] {Threei} look at it

[10:16] {Threei} Imax Corp Signs Up to 20 Picture Deal From 2010 Through 2013 with Warner Bros.

[10:16] {Threei} completed an agreement to release up to 20 Warner Bros. films in IMAX's format over the course of the next three and a half years (from 2010 through 2013). The agreement strategically aligns Warner Bros.' tent-pole business with the increasing worldwide popularity of The IMAX Experiencein both 2D and IMAX3D, providing the studio with an added distribution platform that consistently delivers strong box office returns. The agreement underscores the excitement around the studio's future films which are anticipated to be among the best Hollywood event titles slated for release in the coming years.

[10:17] {strider} Apr. 28 14:15 FOMC Rate Decision 04/28 0.25% 0.25%

[10:17] {Threei} total non-event

[10:21] {magoo} BWLD if takes 42

[10:21] {magoo} long

[10:21] {magoo} risky

[10:22] {Threei} TM Could recall 50K 2003 Sequoias - Detroit News (76.93, -0.06, -0.08%)

[10:26] {fernp} VMED , Vad?

[10:27] {fernp} 18 break?

[10:27] {nemo} amzn at critical level

[10:27] {Threei} if market helps, fern

[10:27] {Threei} chart is right

[10:28] {fernp} ok. ty

[10:28] {magoo} AOL vad

[10:28] {magoo} look

[10:29] {Threei} crappy earniongs

[10:30] {Threei} AOL Hearing shares trading lower following reduced expectations for advertising revenue levels on conference call

[10:30] {Threei} *DOE CRUDE: +2M V +750KE; GASOLINE: -1.25M V +500KE; DISTILLATE: #+2.9MV +1.2ME

[10:30] {magoo} took .49 AFTer my post

[10:30] {Les} nice bounce

[10:32] {Threei} can you believe that AFL rinse?

[10:32] {magoo} out 25 ty vads

[10:32] {shorty} I am in!

[10:32] {nemo} afl

[10:33] {Les} bouncer shows shorty to the door...

[10:33] {Threei} mibbit is back up? or made it via mirc?

[10:33] {shorty} mirc

[10:33] {shorty} Thanks Threei

[10:35] {Les} very small short .28 fcx

[10:36] {magoo} reloaded aol .20 out .38 ty vad

[10:37] {Threei} lol

[10:37] {magoo} helping your ave today (i got your back)

[10:37] {Threei} AOL Exec:Continue to look at portfolio about possible non core sales, cannot provide additional information - conf call

[10:40] {Les} out -.06 might be squeeze. looking at .50 maybe

[10:42] {Threei} Yesterday 16:05 SIMG Reports Q1 -$0.05 v -$0.07e, R$34.3M v $31Me

[10:42] {Threei} - Guides Q2 Rev $37-39M v $38Me

[10:42] {Threei} - Sees Q2 gross margin 54-55%

[10:42] {Threei}

[10:44] {magoo} WOW terrible slippage on a laser hard top

[10:44] {magoo} was set at .69 got .51 on BWLD

[10:45] {Threei} huh?

[10:45] {Threei} market order?

[10:45] {magoo} i had some bwld

[10:45] {magoo} no stop

[10:46] {Threei} auto?

[10:47] {magoo} fixed speed

[10:47] {magoo} price stop

[10:47] {Threei} they can be limit and market

[10:47] {Threei} you obviously used market

[10:47] {Threei} which is a murderer on such thin stock

[10:47] {magoo} yea, not stop limit

[10:48] {Threei} GE CEO: Seeing more confidence in spending for the US: US company balance sheets are 'flush', expecting to see job growth in coming year

[10:51] {Les} iss

[10:52] {Les} issi

[10:52] {Les} trying for 13

[10:53] {strider} FCX

[10:56] {Threei} CELM

[10:57] {Threei} momo candidate

[11:01] {Les} RHI

[11:04] {Threei} anyone went for CELM?

[11:04] {Threei} BWEN Recent strength attributed to report that President Obama has approved the wind energy farm off the coast of Cape Cod

[11:05] {nemo} now that Kennedy is dead, they can't stop it

[11:08] {shorty} C/H with CIEN?

[11:08] {Threei} with handfle just starting to form?

[11:09] {shorty} yes

[11:09] {Threei} could be...

[11:09] {Threei} needs to hold here and turn back up

[11:10] {shorty} what would be b/o price?

[11:10] {Threei} .20 if go by that C&H of yours

[11:10] {shorty} ty

[11:11] {Threei} Mibbit is under a DOS (denial of service) attack

[11:12] {Threei} BWEN rticks higher

[11:12] {shorty} Could be awhile then

[11:13] {shorty} a while

[11:13] {strider} mags, is dino in the office?

[11:14] {Threei} US) US Interior Department officially approves Cape Wind offshore wind project in Massachusetts - Boston Globe

[11:15] {shorty} I am not an energy expert, but when the demand of energy is up there is not a lot of wind. Hot days, with no wind.

[11:18] {larisa} you can use solar fan to create wind to power windmill to power you house fan :)

[11:18] {larisa} and on cold days we will need another strategy :)

[11:18] {Threei} and if there is no sun, you can run an internal combustion engine to power the fan

[11:19] {shorty} lol

[11:19] {Threei} I'd say it all works out

[11:19] {shorty} I like my coal power plants.

[11:19] {Threei} you remember we started with 30B Greece aid package,

[11:20] {Threei} then decided it's rather 60B

[11:20] {Threei} well...

[11:20] {Threei} GR) European ministers are saying Greek aid package may need to be as high as 135B - Der Spiegel

[11:20] {Les} doesn't sound good for the Euro

[11:20] {Threei} {Germany} you know what... after some soul-seraching, we cancel Europe as a continent

[11:21] {RonS} ...couple of weeks ago the GAO exposed the EnergyStar program by submitting things like a gasoline powered clock radio...approved cause it saved electricity...

[11:21] {Threei} {Asia} wait, Europe is not a continent, we are there too, on the same land mass

[11:21] {larisa} this is funny Ron :)

[11:21] {Threei} {Germany} how unfortunate for you

[11:23] {Threei} Ron, along the same lines, I am waiting with interest for final tally on electric cars

[11:23] {Threei} sooner or later they will have to take their heads out of their... OK{ out of the sand,

[11:24] {Threei} and compute things from the power supply side

[11:25] {Threei} BWEN Hearing Lazard makes positive comments (timing uncertain) (4.25, +0.24, 5.99%)

[11:26] {shorty} UAUA

[11:27] {strider} GWW?

[11:28] {Threei} *(SP) S&P DOWNGRADES SPAIN

[11:28] {Threei} sorry fern...

[11:30] {Threei} - S&P: "In our opinion, Spain is likely to have an extended period of subdued economic growth, which weakens its budgetary position. The negative outlook reflects the possibility of a downgrade if Spain's budgetary position underperforms to a greater extent than we currently anticipate."

[11:31] {RonS} ...is that a long winded way of saying "we just make stuff up"

[11:31] {Threei} - "The downgrade primarily reflects Standard & Poor's downward revision of its medium-term macroeconomic projections. "We now believe that the Spanish economy's shift away from credit-fuelled economic growth is likely to result in a more protracted period of sluggish activity than we previously assumed,"

[11:31] {fernp} shorted this morning a lot of spanish stocks

[11:31] {shorty} You might get investigated fernp.

[11:31] {Threei} - "The downgrade primarily reflects Standard & Poor's downward revision of its medium-term macroeconomic projections. "We now believe that the Spanish economy's shift away from credit-fuelled economic growth is likely to result in a more protracted period of sluggish activity than we previously assumed,"

[11:31] {Threei} oops, sorry for double

[11:31] {fernp} lol shorty

[11:32] {Threei} (US) Senator Dodd (D-CT) close to deal with Senator Shelby (R-AL) to strip out $50B resolution fund from financial reform bill - WSJ

[11:32] {Threei} - Deal would involve creating new resolution powers, would not include agreement on either consumer protection or derivative regulations.

[11:35] {Les} sounds like deal we don't need

[11:35] {shorty} out aig +.12, too fast to call

[11:36] {Threei} restore Glass-Steagal, limit leverage, install strict loaning guidelines. Period

[11:36] {Threei} financiaal reform is done

[11:36] {nemo} Qs look like a short

[11:39] {Les} GLD making a move. 115 to be broken?

[11:40] {Threei} mibbit is back up

[11:41] {larisa} market is kinda hysterical

[11:43] {magoo} am i here?

[11:43] {RonS} no

[11:43] {magoo} was bumped

[11:43] {magoo} dammit, ill try again

[11:43] {Threei} lol

[11:43] {Threei} here is test mags:

[11:43] {Threei} "I am slapped, therefore I am connected"

[11:44] {magoo} how about now??

06[11:44] * Threei slaps magoo around a bit with a large trout

[11:44] {magoo} ROFLOL

[11:44] {Threei} [11:43] {Threei} here is test mags:

[11:44] {Threei} [11:43] {Threei} "I am slapped, therefore I am connected"

[11:44] {Les} how do you do that? slap someone...

[11:44] {Les} I wanna slap too

06[11:44] * magoo slaps Les around a bit with a large trout

06[11:44] * magoo slaps Les around a bit with a large trout

06[11:44] * magoo slaps Les around a bit with a large trout

[11:44] {Threei} see? easy

[11:45] {magoo} like that Les

[11:45] {strider} no. definitely do not tell les how to do that.

[11:45] {Threei} take the trout in your right hand

[11:45] {Les} dammit someone take me seriously!!!!

[11:45] {Threei} swing it

[11:45] {magoo} NO VAD..he needs to figure it out

[11:45] {RonS} agree strider...

[11:45] {Threei} hit thy neighbor with it

[11:46] {RonS} ...i just figured it out...but will refrain

06[11:47] * shorty slaps RonS around a bit with a large trout

06[11:47] * shorty slaps nemo around a bit with a large trout

06[11:47] * shorty slaps magoo around a bit with a large trout

06[11:47] * shorty slaps Threei around a bit with a large trout

[11:48] {strider} We get it, shorty.

[11:48] {Threei} give man a fish...

[11:48] {nemo} careful

[11:48] {Threei} or... for a man with trout, every action looks like slap

[11:48] {shorty} No you don't, I have 3 weeks to catch up on.

[11:48] {RonS} Ron slaps at Shorty but misses cause he is Shorty

[11:48] {Les} oh this is not fair

[11:48] {magoo} HEY, what i do??

[11:49] {strider} Nothing this time. But you will.

[11:49] {strider} Think of it as credit.

[11:49] {RonS} ...is dino out, or silenced due to mibbit

[11:50] {Les} I can see colour relationship to action, but where is it...

[11:51] {strider} Behind the horse of a different color.

[11:51] {larisa} I have a script that will slap you with random things, always a surprise.. Not sharing though, do not want to deal with bunch of lunatics :)

[11:51] {shorty} Action is not relative to the color.

[11:52] {Threei} lol larisa

[11:52] {shorty} larisa, we missed you when you were away. It got out of hand in here.

[11:52] {Threei} mibbit is back up

[11:53] {Les} you said that before vad, wasn't true

[11:53] {Threei} magoo, tell dino please

[11:53] {Les} so its a script

[11:53] {shorty} It's not up here Threei.

[11:53] {Threei} huh... works here

[11:53] {Les} neither here

[11:53] {Threei} http://widget.mibbit.com/?settings=1751cb31976f0adcb5507411d8ee92ac&server=irc.jastech.de&channel=%23floor,%23discussions&promptPass=true

[11:54] {Threei} page copming up for you?

[11:54] {larisa} right click on the nick les

[11:54] {magoo} im letting him suffer for 1 more hour vad

[11:54] {Threei} lol

06[11:54] * strider slaps larisa around a bit with a large thing.

[11:55] {strider} now you've gone and done it.

[11:55] {Threei} EUR/USD Continues to set fresh 1 year lows; Dealers eye 1.3070 as long term uptrend line

06[11:55] * Les slaps larisa around a bit with a large trout

[11:55] {Les} lol

[11:55] {larisa} not on mine nick Les!!

[11:55] {strider} see?

[11:55] {larisa} sigh

06[11:55] * Les slaps strider around a bit with a large trout

[11:55] {Threei} that's what you get for being nedlessly helpful

06[11:55] * Les slaps Raven around a bit with a large trout

[11:55] {shorty} rofl

[11:56] {larisa} one slap per day per person les, you are done for next 2 weeks

06[11:56] * Les slaps larisa around a bit with a large trout

[11:56] {RonS} ...it's official...Les has become worthLes

[11:56] {Les} hehe boy in a candy shop...

[11:57] {larisa} trout is boring

[11:58] {nemo} of course, she wants sturgeon (caviar)

[11:58] {RonS} ..nah...diamonds.

[11:58] {nemo} both

[11:58] {larisa} they serve it in LV teaspoon for $150 :)

06[11:59] * strider slaps larisa around a bit with a large diamond-studded sturgeon.

[11:59] {larisa} lol

[11:59] {RonS} lol

[11:59] {larisa} vad find a trade to calm them down

[11:59] {Threei} I wish I saw one

[11:59] {Threei} SIMG slowly climbing

[12:00] {Threei} no clear setup though

[12:01] {Les} little bounce in issi. .50 b/d if holding .60?

[12:01] {Les} too thin sorry

[12:01] {Threei} http://widget.mibbit.com/?settings=1751cb31976f0adcb5507411d8ee92ac&server=irc.jastech.de&channel=%23floor,%23discussions&promptPass=true

[12:02] {Threei} is this page coming up for anyone?

[12:02] {larisa} nope

[12:02] {Les} nyet

[12:02] {shorty} Not here

[12:02] {Threei} what the...

[12:02] {Threei} up here

[12:05] {Les} L SLW .52

[12:09] {Les} qid is respecting 50ma support. perhaps a long entry on pullback?

[12:12] {Threei} well

[12:13] {Threei} QID goes up if NASDAQ goes down

[12:13] {Threei} look at QQQQ

[12:13] {Threei} would you short it here?

[12:13] {Threei} if yes, then go long QID

[12:16] {Les} pass

[12:16] {magoo} AIG hit 40

[12:18] {Threei} (SP) Spain Econ Min Campa: Will maintain 2013 goal for public deficit target of 3%

[12:18] {Threei} - Deputy PM: Spain will keep with austerity plan; will take all measures to achieve plans; "surprised" by the recent downgrade by S&P; sees limited impact on financial markets from the move.

[12:20] {Les} qid

[12:22] {shorty} Thinking b/d on it Les?

[12:23] {Les} wrong screen, sorry

[12:30] {Les} $ new high. wonder if gold turns before closing

[12:31] {Les} out slw +.10

[12:32] {magoo} vad, r we in anything?

[12:33] {magoo} vad, awiay?

[12:34] {Les} coma

[12:34] {Threei} hectic day... not much to hang my hat on

[12:34] {shorty} Probably chating with mibbit

[12:35] {Threei} shrug

[12:35] {Threei} what to chat

[12:35] {Threei} they'll be up when they'll be up

[12:35] {shorty} true

[12:40] {magoo} see how AIG f's u so many times we stiop trading it, then bam...easy up day

[12:46] {RonS} ...shouda play...gdx

[13:02] {Threei} (US) Senate test vote on financial reform legislation fails for third time (more than 40 votes against)

[13:02] {Threei} - for the third straight day, Democrats fail to get the 60 votes needed to begin debate on the financial reform bill.

[13:02] {Threei} - Reminder: there was a report earlier today that Senator Dodd (D-CT) is nearing a deal with Senator Shelby (R-AL) to strip out the $50B resolution fund from financial reform bill, one of the sticking points for Republicans.

[13:04] {Les} gg coming down maybe rollover time

[13:06] {Threei} IMF's Strauss-Kahn: There is little risk of a double dip recession, although it is not totally impossible

[13:06] {Threei} - Does not expect to see a W-shaped recession

[13:06] {Threei} - "Should not believe too much what ratings agencies say"

[13:06] {Threei} lol

[13:06] {larisa} it will be funny if we end up +200 today

[13:06] {magoo} is mibbit up vad for dino?

[13:07] {Threei} up for me mags

[13:07] {Threei} looks like it' depends on one's loaction

[13:16] {Les} issi vad, you see a setup?

[13:16] {Threei} marginal...

[13:23] {magoo} marginal

[13:23] {magoo} m

[13:23] {magoo} a

[13:23] {magoo} r

[13:23] {magoo} g

[13:23] {magoo} i

[13:23] {magoo} n

[13:23] {magoo} a

[13:23] {magoo} kl

[13:23] {magoo} marginal

[13:23] {Threei} huh? lol

[13:24] {magoo} moderator "incorrect"...have a seat

[13:25] {magoo} [13:23] {magoo} kl

[13:25] {Les} we bored?

[13:25] {Threei} who wouldn't

[13:25] {Les} GT

[13:25] {RonS} ...so bored we are board...

[13:27] {Les} brcm lod break?

[13:29] {Threei} 50/50

[13:43] {shorty} I am tempted to short brcm here .33

[13:54] {Threei} White House advisor Volcker: US should address entitlement programs, consider raising retirement age

[13:55] {Threei} he wins friends easily, doesn't he

[13:55] {larisa} raising to 80 years old ?

[13:55] {Threei} I say make it 95 and be done with it

[13:56] {larisa} some people live to 120..

[13:56] {Threei} will take a while till science advancements catch up

[13:56] {strider} That's in dog years, Larisa.

[13:56] {Threei} solve the problem for generations

[13:58] {Les} fas bottom of range here

[13:58] {Les} wfc short?

[13:58] {Les} .30 break?

[13:59] {RonS} 15 min to fed...

[13:59] {Threei} well, with stop above .40, may be

[13:59] {nemo} fas looks long here

[13:59] {Threei} but odds of it working at equal to those of not

[13:59] {Threei} and yes, Ron's right,

[13:59] {Les} not with FOMC coming up

[13:59] {Les} no thanks

[13:59] {Threei} why take position this close to FOMC

[14:00] {Threei} even being non-event, it can whipsaw based on one word

[14:02] {Threei} look at AIG offer

[14:03] {Threei} eeck

[14:05] {shorty} CINC Threei?

[14:05] {Threei} ?

[14:05] {shorty} AIF offer

[14:05] {shorty} aig

[14:06] {Threei} it's no longer there, and it was ARCA

[14:06] {nemo} [13:59] {nemo} fas looks long here

[14:07] {Les} RHI 28. selloff with vol.

[14:09] {RonS} http://www.breitbart.tv/florida-one-video-documents-creation-of-new-southwest-jet/

[14:09] {RonS} ...while we wait...

[14:14] {Threei} let's hear from the guy well known for his clairvoyance:

[14:14] {Threei} Former Fed Chairman Greenspan: US has at least another year before it faces threat of inflation

[14:14] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); REMOVES OR ALTERS "EXTENDED PERIOD" LANGUAGE

[14:14] {Threei} 04/28 14:06:08-(ERIK GUSTAFSSON 33):

[14:14] {Threei} CHANGES "EXTENDED PERIOD" LANGUAGE TO "LOW FOR SOME TIME"

[14:14] {Threei} 04/28 14:10:54-(BRAD OLESEN 31):

[14:14] {Threei} REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:14] {Les} blow that bubble boys

[14:15] {Les} cool RonS. and here I was filling my purile mind with South Park antics

[14:18] {Threei} here is whipsaw foretold a few min ago

[14:18] {RonS} ya, you really stretched for that one...lol

[14:19] {larisa} lol

[14:19] {Threei} sigh... I won't be appreciated during my lifetime, that's settled

[14:19] {RonS} hilarious

[14:22] {shorty} That was a good video RonS

[14:23] {RonS} ...modern manufacturing is a wonder...

[14:25] {larisa} I wish they would think more of air quality and ergonomics too.. Not all people fly 1th class and i have long legs :)

[14:25] {RonS} omg the mind is running...

[14:25] {Les} lol trying to think of something

[14:26] {larisa} 3 meters each

[14:26] {Les} not purile

[14:26] {nemo} how about a trade

[14:27] {RonS} ...purile...had to look it up since I thought it meant the soap aisle at Walmart...

[14:27] {nemo} I'm not sure that's a word Les

[14:27] {nemo} I think it's puerile

[14:28] {Les} http://www.thefreedictionary.com/puerile

[14:28] {Les} sorry

[14:28] {shorty} I admit, I had to google that word

[14:28] {RonS} rotfl

[14:28] {Threei} I didn't... I take all words I don't know for "who cares"

[14:28] {nemo} It's been used about me so many times I kinda' knew

[14:30] {RonS} 3i, you were right; this is whippier action than usual

[14:30] {Threei} wow... and I am not even dead yet

[14:30] {shorty} lol

[14:31] {shorty} Have another piece of bacon Threei, and a shot of crestor.

[14:31] {Threei} now, why would I need that nasty stuff

[14:31] {Threei} crestor I mean

[14:32] {shorty} So you can enjoy bacon for another 15 years

[14:33] {shorty} As I get older, so does my perscription list. It's depressing.

[14:33] {shorty} I mean higher number of doses.

[14:33] {Threei} my stopped bothering me since I lost it and decided not to look for it, nor get a new one

[14:33] {Threei} much happier, too

[14:34] {magoo} was on phone, u hit anytthing?

[14:34] {magoo} radical charts

[14:36] {RonS} ...guy goes to the doc: doc say i have good and bad news. Guy says gimme the bad. Doc says you have Aids. Guy says what is the good? Doc says: you also have Alzhiemers, now go home and forget about it.

[14:36] {shorty} lol

[14:37] {RonS} ...now we know Shorty is young. Every older guy who hears that, absolutely cringes.

[14:38] {Threei} hears what Ron?

[14:38] {shorty} I am young, mid 30's

[14:39] {shorty} I think?

[14:39] {RonS} ...not trying to be negative...but, I do not see how to trade this action...oh dino, where are you?\

[14:41] {shorty} I know RonS...I have 3 trades today. Batting 2 for 3.

[14:41] {Threei} nor do I, thus satying on a sideline

[14:41] {shorty} Who likes to play vids?

[14:42] {shorty} http://www.newgrounds.com/portal/view/534416

[14:46] {Les} yeh shorty

[14:47] {Les} I liked that game in 1988

[14:47] {magoo} i havent told dino to try and log in yet he he

[14:48] {Les} still ain't working

[14:48] {magoo} it is NOT correct?

[14:48] {Les} not here

[14:51] {shorty} But you can play with the contra character Les, or mega man or link from zelda.

[14:52] {Les} don't play much anymore. Bit of PS2 with kids. Got Civilization 4 on pc.

[14:52] {Threei} so weird... works for me

[14:52] {Threei} and it seems for no one else

[14:52] {Threei} UAUA Reportedly closer to settling on deal value with CAL; with deal to come next week (21.98, +1.47, 7.17%) (related CAL )

[14:53] {shorty} I wanted to be a pilot, so flight sim is my favorite. Not much time to play with the kids though.

[14:55] {Les} ha! so did I

[14:55] {Les} picked up 82 hours and a PPL before leaving Oz

[14:57] {Les} I see lots of paragliders jumping off hill behind my place...

[14:57] {Les} but I'd rather be trading

[14:57] {shorty} A good friend of mine fly's private jets. I am jealous of his career.

[14:58] {shorty} paragliding is a bit risky for my taste.

[14:58] {shorty} Me too, trading is fun.

[14:58] {larisa} and not risky at all :)

[14:59] {shorty} Well, I hope trading doesn't kill me

[14:59] {shorty} :)

[15:00] {Les} aig

[15:02] {Les} Sydney has median house price above $600k for 1st time

[15:12] {RonS} ...carried jef l into the day at 24.65, +.62 Did nothing else today since i was late trying to get in w/ mIRC. Will sign out now and try mibbit. If i do not make it back have a good evening all.

[15:12] {Threei} wait

[15:12] {Threei} ron

[15:13] {RonS} yes

[15:13] {Threei} why do you need to sing off to try mibbit?

[15:13] {Threei} just try to connect the log in page

[15:13] {RonS} ...just thought i did...

[15:13] {Threei} either it's up for you or not

[15:13] {RonS} ok

[15:15] {RonS} not working 3i...

[15:15] {Threei} so werid

[15:19] {Les} gld read vad?

[15:19] {Threei} none, really

[15:19] {Les} ok

[15:21] {Les} reading spiegel and these numbers being thrown about in aid just for Greece

[15:22] {Threei} and?

[15:22] {Les} wonder how long it takes for people to understand they're going to pay it

[15:22] {Les} for Greece

[15:22] {Threei} which people you mean?

[15:22] {Les} taxpayers

[15:22] {Threei} in Greece? germany?

[15:22] {Les} Europe

[15:22] {Threei} problem is, those are different taxpayers

[15:23] {Threei} no such thing as Erope taxpayer

[15:23] {Threei} that's the problem with EU

[15:23] {Les} even Portugal and Spain must contribute to Greece aid

[15:23] {Threei} and that's why it's doomed

[15:23] {Threei} there are taxpayers on different nations,

[15:23] {Threei} and some of them pay for others

[15:23] {nemo} qcom sitting near day's highs

[15:23] {Threei} and that's what will tear whol;e thing apart

[15:24] {Les} that's what I am thinking of

[15:24] {Les} how long before they realise they have to cough up the cash

[15:24] {Les} and pay the consequence in their own country

[15:25] {Les} GDX

[15:26] {Les} and how they will each respond to their own govts.

[15:30] {magoo} AOL rotting

[15:30] {RonS} Democrats Threaten Dramatic All-Night Filibuster Showdown On Financial Reform

[15:30] {RonS} ooh, scary...

[15:31] {magoo} yea..the whole group of 6 who actually are working

[15:33] {shorty} ISSI Threei, see a set up?

[15:34] {Threei} nope

[15:35] {Les} gdx selling off

[15:37] {shorty} How about BRCM?

[15:38] {Threei} what formation do you see in either?

[15:39] {shorty} ISSI is trending.....BRCM is at a res.

[15:40] {Threei} setup comes from chart formation

[15:40] {Threei} familiar, recognizable, providing a scenario

[15:40] {Threei} "trending" is a state, not a formation

[15:40] {Threei} do I make sense?

[15:41] {shorty} yes

[15:42] {Les} talk about taking profits gdx

[15:43] {nemo} look at aem

[15:43] {Les} I had to choose SLW as my short. strongest of the bloody lot

[15:43] {nemo} puerile of you

[15:43] {larisa} lol

[15:43] {Les} hehehe

[15:44] {Threei} lol

[15:47] {Les} hmm vxx

[15:48] {Les} .50 break worth a try?

[15:48] {Threei} UI wouldn't

[15:48] {Threei} I

[15:48] {Les} ok

[15:48] {Threei} spiked vertically

[15:49] {Les} too far too fast?

[15:49] {Threei} how do you decide which point is "no chasing" anymore, beyond resistance bvreak?

[15:49] {Threei} .40, .50, .55

[15:49] {Threei} they are all the same, points on the vertical spike

[15:49] {Threei} one of them will be the last one

[15:50] {Threei} see what I mean?

[15:50] {Les} yeh

[15:50] {Threei} .20 break, yes

[15:50] {Threei} little consolidation and .30 break, well,

[15:50] {Threei} questionable but could be

[15:50] {Threei} beyond that, it's already timeto look for exit

[15:51] {dptl} good evening all

[15:51] {Threei} not be a part of crowd blindly buying with no regard to setups

[15:51] {Threei} shorty, see what I mean by setups, chart formations?

[15:51] {Threei} take care dp

[15:51] {shorty} Bye dptl

[15:51] {shorty} I do

[15:52] {shorty} With BRCM, .51 or .56 break, would you hace considered

[15:55] {shorty} Between 14:55 and 15:15 on BRCM, would that be consolidation?

[15:56] {Threei} more or less, yes

[15:56] {nemo} qcom finishing near highs

[15:56] {shorty} I am starting to see the style, or the pattern.

[15:57] {shorty} A couple more months with you guys and I should be able to see it clearly.

[15:57] {Threei} thank you all guys

[15:58] {Threei} have a good evening

[15:58] {Threei} see you tomorrow

[15:58] {nemo} We'll send you the jacket with very long sleeves

[15:58] {Les} night all. c u's tomorrow

[15:58] {nemo} c u

[15:58] {larisa} bye

[15:58] {shorty} Bye all

06[15:58] * Les slaps Les around a bit with a large trout

[15:58] {magoo} ty all

[16:06] {Threei} PALM *HPQ ACQUIRING COMPANY FOR $1.2B