Tuesday, February 1, 2011

Feb 01 2011

Old gap-n'-stall makes for a boring inactive day after a brief period of morning activity. Positive but nothing beyond "another day in the office."

Session Time: Tue Feb 01 00:00:00 2011
[07:59] {magoo} morning
[08:09] {nemo}  The one day pullback is confirmed...We're off to the races again
[08:18] {magoo} talking heads on cnbc seem to think so
[08:24] {nemo} wow...a hurricane is headed for the Queensland area that has already experienced flooding of biblical proportions.
[08:25] {nemo} I spent some time up there by The Great Barrier Reef...beautiful area
[08:31] {Threei}  OREX... sic transit gloria mundi
[08:31] {magoo} yea..so news
[08:32] {Threei}  FDA'
[08:33] {Threei}  - The FDA noted concern about the cardiovascular safety profile of naltrexone/bupropion when used long-term in a population of overweight and obese subjects. Specifically, the letter stated that "before your application can be approved, you must conduct a randomized, double-blind, placebo-controlled trial of sufficient size and duration to demonstrate that the risk of major adverse cardiovascular events in overweight and obese subjects treated with naltrexone/bupropion does not adversely affect the drug's benefit-risk profile." - "We are surprised and extremely disappointed with the Agency's request in light of the extensive discussion and resulting vote on this topic at the December 7 Advisory Committee meeting," said Michael Narachi, President and CEO of Orexigen. "We plan to work closely with the Agency to gain more information to determine the appropriate next steps regarding the Contrave application."
[08:34] {nemo} Oh jeez...it's a category 4, that's pretty powerful
[08:34] {Threei}  in Australia?
[08:34] {nemo} yeah, whacking Queensland where they've had the floods
[08:38] {nemo} Article says Al Quaeda may be targetting Wall Street Executives....I don't think I feel badly about that
[08:38] {Threei}  why would they bother?
[08:39] {nemo} Wall Street is the epicenter of the Capitalist West
[08:40] {RonS} gm all...gee, i thought that was DC and the Fed...
[08:40] {Threei}  ron :)
[08:41] {nemo} one could only hope, but they're likely too well protected
[08:45] {magoo} why ENER crushed/
[08:45] {Threei}  I don't ssee fresh news for it
[08:45] {Threei}  but I don't see it crushed either
[08:46] {Threei}  4.10 x .22
[08:53] {magoo} oh ENR
[08:53] {Threei}  earnings and guidance
[09:01] {nemo} cnx might be breaky today
[09:10] {larisa} gm :)
[09:10] {Threei}  larisa :)
[09:10] {larisa} vad :)
[09:13] {dino} gm all
[09:14] {larisa} gm dino :)
[09:14] {Threei}  dino :)
[09:16] {dino} prgo odd beats and raises -1.44
[09:26] {dino} .
[09:27] {magoo} u see ENR dino?
[09:27] {magoo} bad earnings
[09:28] {jfjf64} mornin all
[09:29] {Threei}  jf :)
[09:32] {Threei}  SIMO
[09:32] {Threei}  big beat
[09:33] {Threei}  SLW, watching for pullback entry
[09:33] {nemo} rimmpuked
[09:33] {Threei} Long Setup:  X  .20 break half lot
[09:37] {nemo} NVLS
[09:38] {nemo} .00 offers
[09:38] {Threei}  scalpers win
[09:39] {ese} gm
[09:39] {Threei}  ese :)
[09:41] {Threei}  SLW, finally more or less decent pullback
[09:41] {Threei}  want it closer to .50
[09:42] {Threei}  RIMM, meanwhile... looks more like short
[09:43] {Threei} Short Setup: RIMM  .10 break
[09:43] {Threei}  if stays under .20
[09:46] {Threei}  1:1
[09:46] {Threei}  aggressive entry would have been the best... will keep it in mind for the next play
[09:47] {Threei}  1:2
[09:47] {Threei}  out in full, a bit too vertical
[09:47] {jfjf64} ty
[09:47] {Threei}  yw
[09:49] {Threei}  SIMO momo
[09:50] {strider} RIO nice consolidation
[09:51] {nemo} big volume couldn't push it down
[09:51] {Threei} Short Setup: ENR  62 break small shares
[09:52] {Threei}  if stays under .20
[09:52] {Threei}  not a scalp
[09:53] {nemo} pre market low 61.60
[09:53] {Threei}  if sets up and work, should go lower than that
[09:53] {jfjf64} slw
[09:53] {jfjf64} .50
[09:53] {jfjf64} ??
[09:53] {Threei}  no, should give better price
[09:54] {jfjf64} k
[09:54] {Threei}  let it dive sharply
[09:54] {Threei}  to or under .40
[09:54] {Threei}  ENR invalidated for now
[09:55] {Threei} Short Setup: X  .90 break
[09:56] {Threei}  aggressive entry
[09:56] {Threei}  58 break
[09:57] {Threei}  stop above .05
[09:57] {RonS} ism in 3 min
[09:57] {nemo} 1:1
[09:57] {Threei}  try to cover half on .90 break
[09:57] {Threei}  here
[09:57] {Threei}  half out
[09:57] {Threei}  advantage of agggresive entry...
[09:58] {Threei}  scalpers be happy, numbers are close, thanks Ron
[09:58] {RonS} np
[09:58] {jfjf64} seems  to  hv  perks  today
[10:00] {Threei}  ISM good, construction spending bad
[10:00] {Threei}  1/4 more out
[10:00] {Threei}  .81
[10:00] {Threei}  1:4
[10:01] {Threei}  *(US) JAN ISM MANUFACTURING: 60.8 V 58.0E; ISM PRICES PAID: 81.5 V 73.5E
[10:01] {Threei}  (US) DEC CONSTRUCTION SPENDING M/M: -2.5% V 0.1%E
[10:01] {nemo} they'll attribute it to weather
[10:02] {Threei}  we will cover before that
[10:02] {Threei}  lol
[10:02] {Threei}  1:3 baby
[10:03] {Threei}  umm
[10:03] {Threei}  1:6 actually
[10:03] {dino} tkr sm l .00
[10:03] {Threei}  lol, forgetting that ridiculously tight stop of ours
[10:04] {Threei}  come closer SLW
[10:05] {jfjf64} read  my  mine
[10:05] {ese} L ldk .00
[10:06] {Threei}  RIMM Hearing Wedge Partners makes cautious comments
[10:08] {RonS} tough place to work
[10:08] {RonS} ...the wedgie initiation...
[10:08] {Threei}  ?
[10:08] {Threei}  oh
[10:08] {Threei}  loll
[10:08] {nemo} frickin mos jumps my offer at .16
[10:08] {nemo} bid
[10:09] {Threei} Long Setup:  SLW  .30
[10:09] {Threei}  if golding .20
[10:09] {Threei}  holding too
[10:09] {nemo} slw neutered?
[10:09] {Threei}  10 cents ranges from here
[10:11] {Threei}  in
[10:11] {Threei}  stop under .10
[10:13] {magoo} price u got?
[10:13] {Threei}  .21
[10:14] {Threei}  enough hesitation SLW
[10:14] {Threei}  move your shiny butt
[10:14] {Threei}  target about .40
[10:14] {Threei}  maybe more
[10:16] {Threei}  nervous trade a bit... it shouldn't be this hard
[10:16] {Threei}  out
[10:17] {nemo} it's the spy gap up into resistance area
[10:18] {dino} amn sm l .50
[10:19] {dino} thinny
[10:20] {Threei}  rinse SLW
[10:20] {Threei}  shrug
[10:20] {jfjf64} shrug   to nice
[10:22] {Threei}  watch LVS for pullback entry as close to .30 as possible
[10:31] {dino} out tkr .30, +.309
[10:34] {ese} L atvi .50
[10:35] {nemo} in lvs .51
[10:36] {ese} L lvs .50
[10:39] {magoo} is there news FCX vad? anyone/
[10:39] {ese} nemo...you got a target....i'm lookin for .00
[10:39] {Threei}  no
[10:39] {nemo} it splits soon
[10:40] {ese} you witin for that
[10:40] {ese} waitin
[10:40] {RonS} tomorrow split fcx
[10:40] {RonS} 2:1
[10:40] {nemo} resource stocks are running, and that's a little extra juice
[10:41] {magoo} ty
[10:41] {nemo} 1:1 slw
[10:42] {ese} am now officially convinced atvi will drive me nuts  give me a couple cents to cover commis and i'm out
[10:42] {nemo} 1:2
[10:43] {larisa} lvs you mean
[10:43] {nemo} yeah, sorry
[10:43] {larisa} who is blondie now
[10:44] {nemo} I'm whitey
[10:44] {larisa} :)
[10:44] {ese} out 1/2 lvs .68 +.18
[10:44] {ese} balance to break even
[10:44] {dino} ghl sm l .36
[10:45] {magoo} thinkin .90 area lvs
[10:45] {ese} out atvi .50 +.00
[10:45] {nemo} probably pull back a bit then head for .25
[10:46] {ese} cleared hod mags....should get there
[10:46] {magoo} which?
[10:47] {ese} lvs
[10:47] {magoo} asking nemo, soorry
[10:48] {nemo} lvs 48.25
[10:48] {ese} well!!!!!..............i never!!!!!!
[10:48] {nemo} tempestuous musicians...panties in a bunch ese?
[10:49] {ese} ouch
[10:49] {magoo} out .91
[10:49] {magoo} wasnt syure nemo was talking LVS
[10:49] {ese} i represent that remark ehhhhh!!!!
[10:49] {nemo} You bred...didn't you, ese...oy vay
[10:50] {ese} wellll.........i might have
[10:50] {magoo} question now, do we reenter pllbk lvs
[10:51] {nemo} earnings coming, spy strong in channel...what's wynn doing
[10:51] {magoo} recovering
[10:52] {ese} out lvs .94 +.44
[10:52] {ese} tks nemo
[10:52] {Threei}  wtg
[10:52] {ese} good enough for me
[10:53] {dino} gj
[10:54] {ese} tks
[10:55] {magoo} good'un
[10:56] {ese} yes'un
[10:57] {nemo} here you go mags
[10:57] {magoo} nice read on it nemo, thro oo
[10:58] {nemo} I think it can go higher but got three resistance areas there
[10:58] {nemo} well in the area
[10:59] {Threei}  LVS is running ahead of itself a bit
[10:59] {Threei}  starting to look for short entry
[10:59] {nemo} yeah euphoria volume
[10:59] {nemo} touched .25 support around .96
[11:00] {Threei}  .13 closest support so far
[11:00] {Threei}  .10 to be more snesible
[11:02] {nemo} spy is weakening
[11:06] {nemo} .98  -I was wrong
[11:07] {nemo} new spy high
[11:09] {Threei} Short Setup: LVS  .15
[11:09] {Threei}  if stays under .25
[11:10] {Threei}  1:1
[11:10] {Threei}  1:2
[11:11] {Threei}  don't you love such a long red bar when you are short
[11:11] {magoo} nice timing
[11:12] {strider} theflyonthewall.com:  Las Vegas Sands added to short-term sell list at Deutsche Bank :theflyonth
[11:12] {Threei}  1:3
[11:14] {nemo} spy about to hit the 50 ma, might bounce here
[11:15] {Threei}  Deutsche bank changed their mind?
[11:15] {nemo} it's at support also
[11:15] {strider} info was wrong apparently
[11:16] {Threei}  lol, seriously?
[11:17] {strider} yes.
[11:17] {Threei}  sheesh
[11:17] {strider} om:  Correction: Las Vegas Sands added to the short-term Buy list at Deutsche Bank
[11:17] {strider} actually that's wrong too
[11:17] {Threei}  OK, I want to be a guy who writes those headlines
[11:17] {Threei}  short, publish first one
[11:17] {Threei}  cover, buy, publish second
[11:17] {Threei}  (US) Senator Schumer (D-NY): There is enough momentum to prevent any health care repeal attempted by the Republicans
[11:18] {strider} what's important is to just know what they publish...doesn't matter if it's right
[11:19] {RonS} Chuck doesn't even know what the three branches of the Federal government
[11:19] {RonS} said House, Senate, Prez
[11:20] {Threei}  lol
[11:20] {RonS} a pure, puffed up dumazz
[11:28] {dino} open spike
[11:29] {nemo} X
[11:30] {magoo} AIG
[11:32] {strider} long cat .88
[11:33] {nemo} nice entry
[11:33] {magoo} how'd we let ENR escape...sigh, down 10 points,
[11:35] {Threei}  so what
[11:35] {Threei}  you never saw those down 10 points going even lower?
[11:35] {dino} yeah, blew that one magoo
[11:35] {magoo} wish i had slap capabilities..u'd have just been wacked lol
[11:35] {Threei}  meanwhile I am enjoying relative safety
[11:36] {dino} sssssssssssslllllllllllllllllllllllaaaaaaaaaaaaaaaaaaaapppppppppppppp!
[11:36] {magoo} dino knows, we shoulda took like 100 shares and kept addin on way up
[11:36] {dino} yes
[11:36] {dino} on the re-test
[11:38] {Threei}  SLW kind of C&H
[11:38] {Threei}  volume is not exactly right
[11:39] {Threei}  anyway probably worth a try
[11:39] {Threei} Long Setup:  SLW  .92 if holding above .80
[11:39] {Threei}  alternatively, pullback to .80 is entry area
[11:41] {strider} out cat +.02...turned into churner.
[11:43] {strider} asnl
[11:43] {strider} asml
[11:48] {magoo} MCP back
[11:48] {dino} amn partial out .42, +1.06
[11:49] {Threei}  no go SLW
[11:52] {dino} genz
[11:52] {dino} remainder amn ..27, +.91
[11:52] {jfjf64} yikes
[11:53] {strider} carnival ride
[11:53] {Threei}  GENZ Ongoing talks with Sanofi could value Genzyme at $76-77/shr, depending on valuation of MS drug - US financial press
[11:57] {dino} back in 30 or so, ghl stop is .09
[12:06] {jfjf64} pnc
[12:06] {jfjf64} .79
[12:06] {jfjf64} s
[12:07] {Threei} Short Setup: SLW  .85
[12:07] {Threei}  if stays under .95
[12:13] {Threei}  SPY new high
[12:14] {Threei}  inkredible
[12:14] {nemo} walking right up a trendline
[12:14] {Threei}  if Egypt could hold this market down for one day, what can turn it around?
[12:14] {Threei}  universe destruction?
[12:14] {Threei}  and even that only if it starts right at wall Street?
[12:30] {nemo} .60 level lvs
[12:30] {nemo} 44.00 veco
[12:45] {Threei}  this crawl and stall leaves no opportunities
[12:45] {Threei}  we need drop
[12:49] {nemo} or enter on retracement to trend lines
[12:52] {Threei}  during lunch time or closer to eod, retracement may be deeper...
[12:52] {dino} .
[12:52] {Threei} Short Setup: X  .50 break
06[12:56] * Threei hits x over the head with 2x4
[13:02] {Threei}  market just won't quit
[13:02] {dino} pretty impressive
[13:03] {dino} about 6" of snow here so far, ice and more snow coming
[13:03] {Threei}  yikes
[13:03] {dino} thinking about taking a walkabout
[13:03] {nemo} hope it doesn't turn into a fallabout
[13:04] {dino} nah, i'm not that old
[13:04] {nemo} famous last words
[13:04] {Threei}  lol
[13:04] {nemo} it ain't the age that prevents you from falling
[13:04] {nemo} it's the age that prevents you from healing
[13:04] {dino} supoosed to get another 4-6" overnight, coming your way nemo
[13:05] {nemo} been snowing here since 4:am
[13:05] {nemo} 4:00 a.m.
[13:05] {dino} just had son plow driveway
[13:06] {nemo} so, what.....you're gonna' do laps around the driveway?
[13:06] {dino} no, take a hike, maybe snowshoe it
[13:07] {nemo} cool, fixed or telemark bindings?
[13:07] {dino} lol lost me, lands' end
[13:07] {nemo} here's the pullback vad
[13:08] {nemo} bindings are fixed in that the whole foot is tight to the shoe...telemark bindings keep the ball of the foot locked in (and really good bindings allow you to also lock the heel) for more natural walking
[13:08] {nemo} Both have there  -  +
[13:08] {nemo} the combo the best obviously
[13:08] {RonS} -10 this a.m., -6 now, hod -2...nothing above 10 'til Thurs now
[13:09] {nemo} like f long here Vad? break .13
[13:09] {dino} out ghl ave .68, +.32
[13:09] {Threei}  no
[13:09] {nemo} now don't equivocate
[13:10] {dino} telemark nemo
[13:10] {nemo} spy .03 from trend
[13:10] {nemo} tna
[13:10] {dino} gonna call it a day and enjoy the snow. 3 for 3, close to goal, wtf. have fun all
[13:11] {Threei}  take care dino, gj
[13:11] {dino} thx
[13:14] {jfjf64} comon  x
[13:14] {nemo} spy on trend
[13:18] {nemo} OMG SPY broke trend
[13:21] {Threei}  not X ywt though
[13:21] {Threei}  but trying
[13:24] {magoo} whenb is X ever so locked
[13:25] {jfjf64} patience  my friends
[13:25] {Threei}  well mags, do you realize that we played X earlier today with 5 cents stop?? :)
[13:26] {Threei}  when did this ever happen?
[13:26] {magoo} .60 the stop now?
[13:28] {Threei}  just above
[13:30] {RonS} Ecuador upgraded by Moody's to Caa2       02/01 11:28 AM
[13:30] {RonS} must be slow news day...
[13:30] {Threei}  rofl
[13:31] {Threei}  you know they have nothing to do when they rate Honduras
[13:35] {Threei}  *(EG) MUBARAK WILL NOT RUN FOR A NEW TERM FOR PRESIDENT
[13:35] {Threei}  lol
[13:42] {nemo} mos drop
[13:44] {Threei}  wow
[13:44] {Threei}  1:1
[13:44] {Threei}  believe it or not
06[13:44] * Threei slaps magoo around a bit with a large roll of cash
06[13:44] * Threei slaps jfjf64 around a bit with a large roll of cash
[13:44] {jfjf64} ty
[13:50] {strider} XOM
[14:00] {Threei}  1:2
[14:01] {Threei}  I can't believe how long this trade tok
[14:04] {magoo} u all out?
[14:04] {nemo} frig got rinsed out akam
[14:04] {Threei}  yes
[14:04] {Threei}  if it wants to fall more, it will have to do it without me
[14:05] {larisa} how you did not get scared when  X made new high and traded at .60 :) teach me
[14:05] {Threei}  stop just was above .60 to begin with
[14:05] {nemo} V. O. D. K. A.
[14:06] {Threei}  I don't place stops at such strange spots as .57
[14:06] {Threei}  andf what nemo said
[14:07] {larisa} can not do what nemo said :) need to go with first one.
[14:08] {nemo} you are able not willing
[14:09] {Threei}  SIMO momo
[14:09] {magoo} if u wanna date magoo, u gootta drink
[14:11] {Threei}  otherwise it's not palatable?
[14:11] {RonS} eggsaxly...:D
[14:13] {strider} vad, whatcha think of UNP?
[14:13] {Threei}  nemo... aren't you gla I said no to that F longd
[14:14] {nemo} what did I say .14
[14:14] {Threei}  hmmm
[14:14] {Threei}  .50 break is probably a short...
[14:14] {Threei}  but kind of 51/49
[14:14] {strider} yeah, was thinking that
[14:15] {strider} see if it can get to .60
[14:16] {nemo} yeah, we'd still be in it
[14:16] {nemo} frickin AKAM
[14:16] {nemo} two days of rinses...sheesh
[14:17] {magoo} and wins are small
[14:17] {nemo} I got stopped out of that LVS I called before it took off....too tight
[14:19] {RonS} strange action apa
[14:20] {nemo} tck
[14:20] {strider} take your meds
[14:28] {Threei}  (US) Senate Republicans now planning to propose a repeal of the health care reform legislation- Note: The House passed the repeal last month, yet has a large majority in the House of Reps
[14:33] {nemo} in mos .76
[14:34] {nemo} long
[14:42] {nemo} stopped .69
[14:42] {nemo} bet that's the bottom
[14:43] {nemo} and it was the bottom
[14:44] {Threei}  aggressive entries...
[14:44] {Threei}  or conservative
[14:44] {nemo} I entered .76
[14:44] {nemo} stop under the whole, still got me
[14:44] {Threei}  straight break is like fat and stupid, no way to go through life,
[14:44] {magoo} what we in??
[14:44] {nemo} I got rinsed out of akam and tck
[14:45] {nemo} and lvs earlier
[14:45] {magoo} ah
[14:45] {magoo} u in mos still/
[14:46] {nemo} forgot about that no rinse
[14:50] {nemo} always one entry early
[14:56] {jfjf64} cvd
[14:56] {jfjf64} .70
[14:56] {jfjf64} s
[14:56] {nemo} stop?
[14:57] {jfjf64} used 15cents
[14:57] {jfjf64} sd  be  more
[14:57] {nemo} .95
[14:57] {jfjf64} yup
[14:59] {magoo} MTW action
[14:59] {nemo} cmi short vad?
[14:59] {Threei}  can go for a spike just as easy
[14:59] {Threei}  and spread's jumpy, careful with it
[15:00] {Threei}  Fed's Hoening: Prefer to move to exit strategy in timely manner
[15:00] {Threei}  who wouldn't
[15:01] {RonS} The Bernank
[15:01] {nemo} anybody get tck?
[15:06] {Threei}  Sen Kerry calls on Mubarak to Step Down
[15:06] {Threei}  Mubarak: who???
[15:06] {RonS} Kerry:  who?
[15:07] {RonS} ...been asking people to step down since Nixon...
[15:08] {Threei}  amazing how these things take life on their own
[15:08] {RonS} ...often I think Senators are really the stupidest people on earth
[15:08] {Threei}  one country revolts, 3 others immediately follow
[15:08] {RonS} ...how is it that the position gives you the place to dictate
[15:13] {nemo} Kerry...oy vay...
[15:13] {nemo} another Masshole
[15:14] {nemo} Funny thing...bought this huge sailboat he moors in Rhode Island so he didn't have to pay the sales tax on it.
[15:17] {jfjf64} nice
[15:18] {nemo} yeah, taxes would have been 480k
[15:18] {jfjf64} imagine
[15:19] {nemo} 7million sailboat
[15:19] {nemo} now look at F vad
[15:20] {Threei}  yes
[15:20] {Threei}  glad you didn't go long at .14?
[15:20] {nemo} yeah...woulda' been 0-5...oy vay
[15:20] {jfjf64} pcar
[15:20] {jfjf64} .54
[15:20] {jfjf64} ??
[15:21] {jfjf64} l
[15:21] {Threei}  probably
[15:22] {Threei}  a bit too volatile for my taste
[15:22] {Threei}  I would prefer to get in on pullback
[15:22] {Threei}  .35 - .40
[15:23] {nemo} wonder how much we gap up tomorrow
[15:24] {Threei}  sigh
[15:24] {nemo} ?
[15:24] {Threei}  I hate this gap and stall
[15:24] {Threei}  or gap and crawl
[15:25] {Threei}  jusy how much easier it's going to be when market finally tops out
[15:25] {nemo} not until Egypt spills over or POMO stops
[15:27] {nemo} POMO goes until May, and then he might do another
[15:28] {nemo} although, if next earning season companies fundies start deteriorating, then yeah
[15:31] {Threei}  I don't know if that's this simple
[15:32] {Threei}  there are too many factors
[15:32] {nemo} no, but if egypt blows up, or spreads...oil explodes
[15:32] {nemo} that'll bring things down
[15:32] {nemo} most companies have met or beat expectations
[15:32] {nemo} then you have Bernanke
[15:33] {Threei}  a bit too straghtforward to me... this possibility is so real, why doesn't market price it out mnow
[15:33] {nemo} ain't here yet.
[15:33] {Threei}  since when market prices in what is here
[15:33] {nemo} oil breaking $100 begins to be a threat to the economy
[15:34] {Threei}  it prices in what is going tobe here tomorrow
[15:34] {nemo} every $1 in oil is 870 million a year out of the consumers pocket
[15:35] {Threei}  just so you know, Jihad jane pled guilty
[15:35] {nemo} who?
[15:35] {Threei}  never mind
[15:35] {Threei}  you haven't watched TV half year ago
[15:35] {Threei}  and I don't remember enough details to rely that
[15:35] {nemo} maybe...as a rule I avoid it
[15:40] {Threei}  finshing at high
[15:40] {Threei}  hiowever, have a look how far from highs on daily GLD and SLW are
[15:44] {RonS} slw 1 cent
[15:45] {Threei}  ?
[15:45] {Threei}  (US) Fed's Hoening: Prefer to move to exit strategy in timely manner
[15:45] {Threei}  - Fed causing imbalances though inflation not a threat in near term
[15:45] {Threei}  - keeping rates too low for too long will hurt the dollar
[15:45] {Threei}  - still opposed to MBS reinvestments when QE2 ends; colleagues may discuss potential for QE3 if data turn disappointing.
[15:45] {Threei}  - Reiterates he would like to see fed funds rates moved to 1.00% and then pause.
[15:45] {Threei}  - REMINDER: Hoenig was the perennial dissenter on the FOMC during 2010, but rotated out of the voting membership this year.
[15:46] {Threei}  Fisher replaced him, right?
[15:46] {RonS} ...thought the guy was non-voting...who cares?
[15:46] {Threei}  {Ben to Fisher} look out or we rotate you out too
[15:47] {Threei}  colleagues may discuss potential for QE3 if data turn disappointing...
[15:47] {Threei}  any doubts it will?
[15:59] {Threei}  ok guys
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {Threei}  hopefully for no big gap up
[16:01] {larisa} bye all
[16:02] {magoo} bye all