May 12 2010

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

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

[08:22] {strider} out BIDU+.80

[08:22] {strider} 10 for 1 split this morning on BIDU

[08:26] {Threei} nice start

[08:27] {strider} yeah.

[08:30] {Threei} *(US) MAR TRADE BALANCE: -$40.4B V -$40.5BE

[08:30] {strider} time to party

[08:30] {Threei} HNSN Announces FDA Conditional IDE Approval for Evaluating Sensei X Robotic Catheter System for Treatment of Atrial Fibrillation

[08:34] {strider} Morgan Stanley is recently trading at $27.41 in pre-open trading, below its close of $28.38. MS is being investigated by U.S. Federal prosecutors over mortgage deals

[08:41] {Threei} is there any troubles connecting?

[08:42] {RonS} gm, not for me...

[08:42] {Threei} hi Ron

[08:42] {Threei} nemo doesn't seem to be able to walk thrugh the door

[08:43] {Threei} hmm

[08:43] {Threei} MS Federal investigators to probe MS in relation to mortgage-derivatives transactions - WSJ

[08:43] {Threei} - According to the article federal prosecutors are probing whether Morgan Stanley misled investors a... (28.38, -0.48, -1.66%) more... (related XLF IXG GS IEF TLT SPY GLD XAU/USD C UBS WEEKLY )

[08:44] {strider} connect ok here.

[08:44] {Threei} but then:

[08:44] {Threei} - Follow Up as of 3:27 EST: Morgan Stanley official said there is no reason to believe probe is going on as reported in the WSJ.

[08:44] {Threei} what's with language, really

[08:44] {Threei} here is no reason to believe probe is going on

[08:44] {Threei} is there probe or no?

[08:45] {strider} I'm sorry, that's all the time we have for questions.

[08:45] {Threei} I have a reason to believe it's morning

[08:46] {Threei} however Les has reasons to believe it's afternoon

[08:46] {Threei} and nemo has no reason to believe either of us

[08:46] {Threei} crap, I should have chosen politician career path

[08:46] {Threei} this is fun

[08:47] {strider} YOu could run for dog catcher.

[08:48] {Threei} sorry, this reference is beyond my cultural reach

[08:48] {strider} animal control officer

[08:48] {Threei} or, I have no reason to believe I know what it means

[08:48] {strider} used to be elected position in the south.

[08:48] {Threei} who voted? animals?

[08:49] {strider} Yes. Libertarian dogs and cats.

[08:50] {Threei} I could lead a movement "No Collars for Liberated"

[08:50] {strider} On the LMTFA platform

[08:50] {Threei} ot "Unleashed Forever"

[08:51] {strider} This movement spawned the famous "Cows with guns" video.

[08:51] {dptl} good morning

[08:51] {Threei} dp :)

[08:52] {Threei} US) White House Budget Chief Orszag: Expects to see legislative changes to rules on carried interest in next several weeks

[08:52] {Threei} hmm?

[08:56] {RonS} ...what is "carried interest"?

[08:57] {Threei} A share of any profits that the general partners of private equity and hedge funds receive as compensation, despite not contributing any initial funds. This method of compensation seeks to motivate the general partner (fund manager) to work toward improving the fund's performance.

[08:58] {nemo} wow...finally in

[08:58] {Threei} you made it

[08:59] {nemo} yeah, mibbet screwed up also

[08:59] {Threei} strider... what kind of a door guard are you... :(

[08:59] {nemo} Came in through the bathroom window

[08:59] {Threei} you were supposed to let him in 1 min after market open

[09:00] {Threei} probably something on certain routes nemo... I see many not here who are traditionally wake up early enugh

[09:01] {nemo} looks like the rally is back on

[09:05] {strider} nemo....might find this interesting: 10 for 1 split this morning on BIDU

[09:05] {nemo} wow

[09:06] {nemo} makes bidu playable, kinda' sorta'

[09:06] {strider} had a +.80 earlier.

[09:06] {nemo} good for you...

[09:07] {Threei} yeah, magoo can't connect either

[09:08] {strider} tried mibbitt?

[09:09] {Les} mibbit playin up again

[09:09] {Les} morning

[09:09] {Threei} les :)

[09:09] {nemo} was until you arrived

[09:09] {Threei} I think it's eouring issue

06[09:09] * Les slaps nemo around a bit with a large trout

[09:09] {Threei} some can connect, some can't

[09:09] {Threei} and slowly fixes itself

[09:09] {Les} don't like mirc, but at least I can slap

[09:09] {Threei} wow, nemo is getting back in shape Les

[09:09] {nemo} what's on the radar Vad

[09:09] {Les} yeh was getting worried there

[09:10] {nemo} makes it all worthwhile, huh les?

[09:10] {Les} hey I'm easy to please

[09:11] {Threei} honestly, not much on a radar

[09:11] {Threei} quiet morning

[09:12] {RonS} hban?

[09:12] {Threei} HBAN Morgan Stanley Raised HBAN to Overweight from Equal Weight, price target: $8.50

[09:14] {Threei} lol, magoo:

[09:14] {Threei} no need to keep me out of room for first hour....i wont overload u again ...he he

[09:14] {nemo} hehehehe

[09:15] {Les} ? magoo is locked out?

[09:15] {Threei} yeah... may are

[09:15] {Threei} many

[09:15] {Les} keep him sweating

[09:15] {Les} damn, that means no binky today

[09:16] {Threei} BP Expects the smaller "top hat" containment dome to be in operation at Gulf oil leak site by the end of the week

[09:16] {dptl} erts?

[09:17] {Threei} ERTS Reports Q4 $0.07 v $0.05e, R $850M v $836Me

[09:17] {Threei} - Guides Q1 -$0.40 to -$0.35 v -$0.33e, R$460-500M v $520Me

[09:17] {RonS} wish fern was here...ewp...

[09:17] {Les} nice chart. premarket play vad?

[09:17] {Les} erts

[09:17] {Threei} I doubt it les

[09:18] {Threei} crappy guidance

[09:18] {Threei} slightest blip, they will dump it like here is no tomorrow

06[09:19] * Les slaps shorty around a bit with a large trout

[09:19] {Threei} we will have t wait couple month for him to return Ron... depending on how healing goes

[09:19] {strider} what's the healing about?

[09:19] {Threei} (EU) German Vice Chancellor Westerwelle: EU cannot become a wealth transfer system at the expense of Germany

[09:19] {Threei} dcc strider

[09:19] {shorty} good morning

[09:20] {Threei} shorty :)

[09:20] {Threei} (SW) Swedish Fin Min: Supports a stricter framework for EU budgets, but would be inappropriate to submit Swedish budget to EU control

[09:21] {Threei} feel the tone of individual countries?

[09:21] {Threei} this is only the beginning

[09:22] {Threei} Les, just doubleclick on my name to open private chat

[09:22] {Threei} don't use DCC command

[09:22] {nemo} Yeah, you can here that cracking sound for the EU

[09:22] {Threei} SQNM

[09:22] {Threei} Sequenom, Inc Announces $51.6 Million Private Placement

[09:22] {Threei} entered into an agreement to issue and sell an aggregate of 12,435,000 shares of its common stock at $4.15 per share to certain investors.

[09:26] {shorty} Threei, reading this mortgage faud (BMO) it is huge! They have an ex Liberal named in the suit now.

[09:27] {Threei} I missed it shorty.. where is it?

[09:27] {Threei} more focused on US news... :)

[09:27] {Les} RIG rocket

[09:27] {shorty} http://www.cbc.ca/canada/calgary/story/2010/05/11/calgary-casuga-bmo-mortgage-fraud-disbar-alberta-liberals-hehr.html

[09:27] {Threei} ty

[09:28] {shorty} No woories, it's more entertainment than stock news.

[09:28] {Les} AONE setting up ascending triangle

[09:29] {Threei} AONE had news yesterday after close, new orders

[09:29] {Threei} but trades quite dubiously

[09:29] {Les} .25 break

[09:29] {Les} ah ok

[09:29] {Threei} was in red most of the morning

[09:29] {Threei} weirdo

[09:30] {Threei} sheesh, half of the room is locked out

[09:30] {shorty} ya, got in with mirc

[09:32] {Threei} Short Setup: LVS 24 break

[09:33] {Threei} stop above .10

[09:33] {shorty} Bad entry. 96

[09:33] {Threei} don't use market orders

[09:33] {nemo} yeah just jumped over the break

[09:33] {Les} i lowered share count and chased

[09:35] {Threei} stopped

[09:38] {Threei} Long Setup: WFC .30 break

[09:38] {Threei} if stays above .25 for scalprs

[09:38] {Threei} .20 for dsay traders

[09:38] {nemo} too fast

[09:39] {Threei} 1:1 if anyone got it

[09:39] {strider} not m e

[09:39] {RonS} scalped rig for .50 Thanks Les

[09:39] {nemo} not y o u

[09:39] {strider} t r u e

[09:40] {nemo} s o r r y

[09:40] {Threei} AIG pullback is coming

[09:41] {Les} tried to grap rig on the way down but moving too fast

[09:41] {Threei} BP is a little slower

[09:41] {shorty} short .01 aig covered .80. I can breath

[09:42] {Threei} nice cover

[09:42] {Threei} jumped back up viciously

[09:42] {shorty} Ty

[09:42] {nemo} yeah, this a pungie stick morning

[09:42] {shorty} I was going to post, but fast.

06[09:44] * Les slaps KSystems around a bit with a large trout

[09:44] {Les} that's for making life difficult for the swiss!

[09:44] {KSystems} swiss?

[09:44] {KSystems} is that where the cheese comes from?

[09:44] {shorty} Cheese, talking about cheese

[09:44] {Les} well it ain't the land of bratwurst that's for sure

[09:45] {strider} that's where the holes come from.

[09:45] {Les} holey cheese

[09:45] {nemo} Les' head?

[09:45] {Les} lol that's funny

[09:45] {nemo} I'm reaching

[09:47] {nemo} 1:2 wfc

[09:47] {shorty} nice

[09:49] {Threei} I though you missed it

[09:49] {nemo} I did, just reporting

[09:49] {Threei} got on pullback?

[09:49] {Threei} oh

[09:50] {Threei} Long Setup: BP .90 break

[09:51] {Threei} half out

[09:51] {Threei} scalpers just get out

[09:51] {shorty} wow thank you

[09:51] {dptl} +.09 ty

[09:51] {Threei} argh,, missed AIG

[09:51] {Threei} wanted 44

[09:53] {dptl} tsn?

[09:53] {Threei} not sure... watre torture stock

[09:54] {dptl} long .22

[09:54] {Les} dndn bounce candidate support .54 falling hard

[09:55] {Threei} careful

[09:55] {Threei} this kind of bounce catching looks more like knife catching

[09:55] {Threei} looks very dangerous

[09:55] {Les} ok understand by the way it is selling

[09:56] {Threei} started getting a feel for these things eh?

[09:56] {Les} yeh not one of our commodity bounce plays

[09:56] {Les} not like

[09:56] {Threei} correct

[09:57] {Threei} and I wouldn't be able to explain the difference easily

[09:57] {Threei} this is one of those things you need to observe for a while and get a gut feel for

[09:57] {Les} looks more like AIG moving, then fcx or X

[09:57] {Les} when aig moves fast

[09:59] {dptl} out tsn +.10

[09:59] {Threei} market spike helped

[10:00] {dptl} yep

[10:01] {Threei} looks like this sent market up screaming:

[10:01] {Threei} International Business Machines Corp Expecting FY10 EPS of 'at least $11.20; 2015 operating EPS to reach $20.00/shr; $100B in fresh cash flow - investor day comments

[10:01] {Threei} - sees returning 70% of free cash flow to shareholders

[10:01] {Threei} - sees key drivers in 2010 are share buybacks, margin expansion

[10:01] {Threei} - sees growth initiatives delivering $20B in Revenue growth to 2015

[10:09] {Threei} House panel says blowout preventer at BP well had a significant leak in hydraulic system (39.03, +1.93, 5.20%) (related CAM )

[10:09] {Threei} AIG sharp drop

[10:10] {shorty} AIG again. Looks deceivingly easy.

[10:10] {Threei} AIG is anything but

[10:10] {nemo} diaper material

[10:10] {Threei} it will bite your head off

[10:11] {Threei} AIG Chairman: ops at AIG have stabilized and company has made substantial progress (43.80, +0.91, 2.12%)

[10:14] {Threei} see?

[10:15] {shorty} I see.

[10:15] {Les} aone vad. you got a read?

[10:15] {Threei} dog with fleas

[10:15] {Threei} somethig is seriously wrong with this one

[10:15] {Les} yeh wanna short it

[10:16] {Threei} (US) Fed's Rosengren: Banks should have higher capital requirements and should have methods to retain capital during periods of stresss (related XLF IXG JPM BAC C )

[10:16] {shorty} Had my trigger finger short AIG .09, but.....

[10:16] {Threei} but retaining capital means cut down on loaning

[10:16] {Threei} and powers that be screamed on top odf their lungs demanding banks to loan

[10:16] {Les} lvs wants 24 break

[10:17] {strider} BP near lod

[10:19] {strider} short .47

[10:19] {RonS} ...oil report soon

[10:21] {Threei} AIG started one of its consoidations at the low,

[10:21] {strider} stop BP

[10:21] {Threei} very often it explodes unexpectedly from those

[10:21] {strider} -.06

[10:24] {shorty} AIG bounce 42.75 range? Or just let it be?

[10:25] {strider} DNDN broke down

[10:25] {RonS} aig sm l .10

[10:25] {strider} MS inverse c&h

[10:25] {Threei} that would be pure guess shorty

[10:25] {Threei} how do you come up with that number

[10:25] {Les} s cf small shares .29 looking heavy

[10:25] {RonS} ...devining dino...

[10:26] {shorty} support from yesterday.

[10:26] {Threei} Senate bill that would prohibit "liar loans" and yield spread premiums now has enough votes to pass

[10:26] {Threei} why do you need specific bill forbidding liar loans?

[10:27] {Threei} do we also need a bill prohibiting murders?

[10:27] {Les} to permit other fraudulent loans to take its place

[10:28] {shorty} RonS, nice catch on AIG.

[10:30] {Threei} DOE CRUDE: +1.95M V +1.2ME

[10:30] {Threei} GASOLINE: -2.8M V +500KE; DISTILLATE: +1.4M V +1.2ME

[10:30] {Threei} how about that, AIG

[10:30] {shorty} I wish I knew what those numbers mean Threei.

[10:31] {shorty} Ron picked it up at .10

[10:31] {nemo} There was a crude build in excess of expectations and there was a drawdown of gasoline WAY higher than expected.

[10:31] {Threei} inventories for oil, gasoline and distillate

[10:31] {Threei} weekly numbers

[10:31] {Threei} they mean nothing

[10:31] {Threei} but many react on them

[10:32] {shorty} Just answered my next question...ty

[10:37] {shorty} ZION Threei? b/o or b/d?

[10:39] {Threei} b/d, IMO

[10:39] {shorty} ty

[10:39] {Threei} what was that on BP

06[10:40] * Les slaps _stewy around a bit with a large trout

[10:40] {Les} I think you set the record for finding your way in here stewy

[10:40] {Threei} many are still out there in the wilderness

[10:40] {_stewy} good morning. prefer wad of cash, Les

[10:41] {Les} no such luck

[10:41] {dptl} cat?

[10:41] {Threei} feels down to me from here

[10:42] {Threei} no setup I'd see though

[10:42] {dptl} ye...ty

[10:42] {Threei} ZION spiked sudenly, right from the verge of breakdown

[10:42] {Threei} ese, you made it

[10:42] {dptl} hard to find entrys on that cat

[10:43] {Threei} (US) US administration proposes tax of $0.01/bbl on US oil to create a fund of up to $1.5B for oil spill clean up operations

[10:43] {ese} ahhhhhhhhhhhh haaaaaaaaaaaaaaa!!!!!!!!!!!!!! i'm in

[10:43] {Threei} is there any frikin thing they could think of in other terms than tax?

[10:44] {ese} you scurvy dogs!!!1 who swabbin the poop deck????? ehhhhhhh harrrrrrrrrr

[10:44] {ese} get ta work!!!!!!!!

[10:44] {ese} make some money!!!!!!!!

[10:44] {ese} oh and by the way.....good morning

[10:45] {nemo} zzzzzzzzzzzzzzzz.......zzzzzzzzzzzzzzz

[10:45] {ese} lol

[10:47] {Threei} Long Setup: WFC .60 break

[10:48] {Threei} mags!

[10:48] {Threei} US) Senate poised to reject GOP amendment aimed at removing the requirement for Banks to retain set % of risk in securitized assets; vote ongoing

[10:48] {ese} out ipxl this morning....hold from yesterday .98 +.27

[10:49] {Threei} wtg

06[10:49] * Les slaps magoo around a bit with a large trout

[10:50] {Threei} Ron, you out AIG yet?

[10:50] {ese} tks......was no biggie 1/2 lot

[10:51] {RonS} ya, i got shaken out at .28...bad execution

[10:51] {Threei} DNDN Comes off lows as takeover chatter circulates

[10:51] {Threei} - Roche rumored as a potential acquirer

[10:51] {Threei} AIG is a stock for fast brokers usually... can be challenging even with those

[10:51] {RonS} ...was looking to short zion but it is acting like a bear trap

[10:51] {Threei} yeah, no clean setup anywat

[10:52] {nemo} .54 stop on wfc?

[10:52] {Threei} it never triggered

[10:52] {nemo} well, the invalidation point?

[10:52] {magoo} man, took me awhile

[10:53] {Threei} well, I wanted pullback to show it

[10:53] {Threei} but .50 loss sure kills the setup

[10:53] {magoo} missed u guys, i hate to have vad kick me out every morning

[10:53] {Threei} sorry mags, I'll try to shw some restraint

[10:53] {Threei} I just enjoy kicking so much...

[10:55] {Threei} dino still can't connect?

[10:55] {Threei} (US) Senate rejects GOP amendment aimed at removing the requirement for Banks to retain 5% of risk in securitized assets (related XLF )

[10:55] {magoo} i did him favor...just told him to try

06[10:56] * Les slaps dino around a bit with a large trout

[10:56] {dino} lol

[10:56] {Les} yay, now I'll suck less...

[10:56] {Threei} didn't take long eh dino

[10:56] {magoo} u gay les?

[10:57] {Threei} oh no... not log editing again

[10:57] {Les} me sucky suck

[10:57] {Les} no fool

[10:57] {Les} suck at trading today

[10:57] {dptl} lol

[10:57] {dino} clf odd, played twice long bounces, big drop again after -4.50 yesterday

[10:58] {strider} wfc still good?

[10:58] {Threei} spiked too sharp into resistance

[10:58] {Threei} need a little of consolidation

[10:58] {dino} clf sm l .75

[10:59] {Threei} it gavce some delay vs marlet

[10:59] {Threei} if does it again when market spikes, maybe let's grab it aggressively

[10:59] {Threei} BP dies

[11:00] {Threei} addition to that tax headline:

[11:00] {Threei} (US) US administration proposes tax of $0.01/bbl on US oil to create a fund for oil spill clean up operations; would raise tax to $0.09 from current $0.08/bbl tax

[11:00] {Threei} - seek to retroactively raise BP's liability.

[11:00] {Threei} - reminder: Legislation authored by Sen Menendez seeks to raise of cap to $10B in economic damages.

[11:00] {Threei} raise liability retroactively...

[11:00] {dino} jpm traders made $ every day last quarter too

[11:01] {dino} 118m/day

[11:01] {Threei} how nice for them

[11:01] {Threei} WFC...

[11:01] {Threei} valid

[11:02] {Les} bp squeeze

[11:02] {Threei} hardly

[11:02] {Threei} just a bounce

[11:02] {Les} ok

[11:03] {Les} bloody nice bounce

[11:04] {Les} vad any news nlst?

[11:05] {Threei} 16:00 NLST Reports Q1 -$0.14 v -$0.19 y/y, R$7.9M v $6.7M y/y

[11:05] {dino} idsa

[11:05] {Les} ty s .28 for a day trade

[11:05] {dino} in at .09 eatlier

[11:06] {dino} rick to b/e at .00

[11:06] {Threei} scalpers can use .55 as support for stop on scalp type 1

[11:06] {Threei} day traders, still .50

[11:08] {Les} aig lurking under .50

[11:10] {strider} in WFC .57

[11:11] {nemo} stopped .54

[11:12] {strider} stop .49

[11:12] {strider} ZION broke

[11:12] {Les} stopped and short small shares wfc

[11:16] {dino} clf stopped

[11:22] {Threei} Short Setup: BP .10 break

[11:22] {Threei} if stays under .20

[11:24] {Threei} wow AIG

[11:25] {Les} sigh. looked at aig .15 break but mistrustful of this stock

[11:25] {dino} decent drop

[11:25] {Threei} no go BP

[11:25] {Threei} weird day

[11:27] {Les} I sensed day but started shorting too early. LVS is only now where i wanted it

[11:27] {Les} sensed down day

[11:27] {Les} maybe just random day

[11:28] {Les} shrug

[11:28] {dino} out idsa ave .57, +.48

[11:29] {RonS} mos s .50

[11:29] {dino} stop rick .02, +.02

[11:31] {Threei} aimless wandering day

[11:31] {Threei} random

[11:33] {Les} stopped wfc flat.

[11:35] {dino} clf sm l .00

[11:36] {Threei} no single chart speaks to me

[11:37] {Threei} random mess everywhere

[11:38] {dino} i am bailing too soon again, idsa, rick

[11:38] {dino} chicken trading

[11:38] {nemo} yeah, but at least your green for the day

[11:38] {Threei} AIG pullback to about .50 maybe for bounce

[11:39] {RonS} "it isn't easy being green"

[11:39] {Threei} lol

[11:39] {dino} syut

[11:39] {RonS} Kermit the Frog

[11:42] {strider} what you lookin for with CLF, dino?

[11:42] {Les} hi jf

[11:42] {magoo} profit i believre

[11:42] {Les} welcome to hell

[11:42] {Threei} dns issue dissipates I believce

[11:42] {Threei} a few people are still out there, can't connect

[11:42] {Threei} but mostly fixed

[11:43] {Threei} here is AIG pullback

[11:43] {dino} homb, givn

[11:43] {Threei} quick dive under support

[11:43] {Threei} warch for recross now

[11:43] {Les} ok, back in mibbit

[11:43] {Threei} not against the market though

[11:44] {Threei} Long Setup: AIG .50 break if holding above .40

[11:45] {nemo} right

[11:45] {dptl} lol...

[11:45] {Les} yeh it's all happening today

[11:46] {nemo} I double tapped getting out of the wfc short, not good

[11:47] {dino} givn sm l .51

[11:47] {Threei} same setup again AIG, but watch the market for directional help

[11:48] {dino} wrong, itwas syut at .51 sorry

[11:48] {dino} .22 top

[11:48] {dino} stop

[11:48] {Threei} invalidated

[11:48] {Threei} and unfortunately non-shortable, opposite setup was valid too

[11:48] {nemo} was shortable earlier

[11:48] {shorty} Darn, I can short

[11:49] {Threei} hah, it's back on short list

[11:49] {shorty} You can?

[11:49] {Threei} let's see maybe bounces into resistance

[11:49] {Threei} yes

[11:49] {shorty} Awesome

[11:50] {Threei} no bounce

[11:53] {Threei} look at frikin BP

[11:53] {Threei} did it have to shake our short out before dropping?

[11:54] {nemo} correction, that was the one I double tapped on

[11:56] {dino} tap tap

[11:57] {nemo} yeah, I was short, covered and went long, by accident

[11:57] {Threei} yikes

[11:57] {nemo} yep...and it dropped .06 in a flash before I realized and got out

[11:57] {nemo} not my Spring

[11:58] {dino} homb sm l .57

[11:58] {Threei} jf found his way in

06[11:58] * Threei slaps jfjf64 around a bit with a large compass

[11:59] {Threei} another out of nowhere market spike

[11:59] {jfjf64} mornin

[12:00] {Threei} hi jf

[12:00] {jfjf64} locked me out

[12:00] {Threei} yeah... sorry

[12:00] {nemo} he thought you were magoo

[12:00] {Threei} tech troubled morning

[12:01] {Threei} I think it's those volcanic ashes

[12:02] {RonS} out mos -.18

[12:02] {nemo} evil spirits

[12:02] {Threei} them too

[12:03] {RonS} aig l .45 small

[12:04] {Threei} Long Setup: BIDU .50 break half lot

[12:04] {Threei} if stays above .35

[12:05] {magoo} magoo faints, now ive seen it all

[12:05] {Threei} lol

[12:06] {nemo} lunchtime break out...ow

[12:08] {Threei} come on BIDU

[12:08] {Threei} you know you want 77

[12:09] {dptl} pacr?

[12:10] {Threei} not sure

[12:10] {Threei} (US) Fed's Lockhart: It is impossible to eliminate too big to fail in the short term

[12:10] {Threei} chart looks good but overextended in all time frames, PACR

[12:10] {dptl} ty

[12:11] {shorty} I know it's not much and I am still practicing, but I broke $100 today. First time day trading. I am happy.

[12:11] {dino} gj

[12:11] {Threei} cool beans

[12:11] {Threei} baby steps

[12:11] {shorty} Thanks Threei and dino

[12:12] {dptl} hpq?

[12:12] {dino} shorty, in this business/game, any day up is a good day

[12:12] {shorty} lol

[12:13] {Threei} probably dp...

[12:13] {Threei} ok BIDU, this is getting tiresome

[12:13] {Threei} just go already

[12:13] {dptl} what would be stop on hpq?

[12:13] {Threei} under .50

[12:13] {Threei} .40, sorry

[12:14] {dptl} uok ty

[12:16] {dptl} long hpq

[12:17] {Threei} let's tighten stop to under .40 BIDU

[12:18] {Threei} fiiiinally... sure took its sweet time

[12:18] {Threei} half out

[12:18] {Threei} .67

[12:18] {Threei} scalpers get out

[12:18] {RonS} out bidu +.20 thxs 3i

[12:18] {Threei} welcome sir

[12:19] {Threei} crrrrap... why didn't we short AIG after all

[12:19] {Threei} I remember loooking for entry on bounce

[12:19] {Threei} then I don't remember much

[12:20] {Threei} I was busy thinking that I fulfilled life long dream of magoo - called BIDU for him

[12:20] {Threei} for years he asked me for calls on BIDU amd GOOG

[12:23] {strider} trev, dcc

[12:26] {lasertrev} gothca

[12:26] {Threei} out 1/4 more BIDU .81

[12:26] {Threei} out in full .93

[12:26] {Threei} +.42

[12:26] {Threei} gem of the day

06[12:27] * Threei slaps magoo around a bit with a large roll of cash

06[12:27] * Threei slaps jfjf64 around a bit with a large roll of cash

[12:28] {Threei} wow

[12:29] {Threei} mulligan?

[12:29] {jfjf64} didnt trade it

[12:29] {nemo} bye bye bidu

[12:29] {jfjf64} slap pls

06[12:29] * nemo slaps jfjf64 around a bit with a large lead pipe

[12:29] {jfjf64} ty

06[12:29] * Threei slaps jfjf64 around a bit with a large banner HAVE SOME FAITH!

[12:29] {Les} traded it but let it go as it consolidated. was looking cold. nice spike up

[12:29] {jfjf64} no trade bidu or goog

[12:29] {Threei} you looked at it at least?

[12:30] {Threei} it's new BIDU

[12:30] {Threei} split

[12:30] {jfjf64} i see

[12:30] {Les} ah couldn't understand why so cheap

[12:30] {Threei} lol

[12:30] {dino} out clf .72, +.72

[12:30] {Threei} wtg dino

[12:30] {dino} ty

[12:30] {jfjf64} nice dino

[12:30] {dino} thing is odd trader

[12:30] {dino} look just dropped .25

[12:30] {Threei} what isn't today

[12:31] {RonS} oig aig .62 +.17

[12:31] {dino} f

[12:31] {Threei} I mean, if BIDU is my onl,y readable trade today??

[12:31] {dino} isn't, lol

[12:31] {dino} hard getting out of syut

[12:32] {Threei} couple more worked but were next to impossible to enter

[12:32] {Threei} jumped over the trigger

[12:32] {Threei} at least BIDU covered the stops

[12:32] {Threei} but heck... look at it go

[12:33] {dptl} ah..out hpq +.03

[12:33] {Threei} lol

[12:35] {dino} givn l .10

[12:36] {dino} fire almost lod

[12:40] {jfjf64} bidubidu

[12:41] {Threei} NOW you re interested?

[12:41] {jfjf64} nice trde 3i

[12:41] {Threei} ty

[12:41] {Threei} still looks like has gas... just riskier

[12:42] {jfjf64} y

[12:42] {dino} fire l .30

[12:42] {jfjf64} ouchhhhhhhhhhhhhhhhhh

[12:43] {Threei} dino... is magoo breathing over there?

[12:43] {dino} i hear him talking to himself

[12:44] {magoo} huh?

[12:45] {Threei} tell me you took BIDU and profited from it

[12:45] {Threei} or I never ever call it again

[12:45] {magoo} no bullets

[12:45] {magoo} got some others on HUGE

[12:45] {Les} what happened to DSTI that was a reverse split yesterday? can't find it

[12:45] {Threei} DSTID is symbol

[12:46] {Les} trading at 2.23. that is the reverse split?

[12:46] {Threei} - The reverse stock split will be effective at 6:00 pm, Eastern Time, on May 11, 2010. DayStar's common stock will begin trading on NASDAQ on a split adjusted basis when the market opens on May 12, 2010, under the temporary trading symbol "DSTID."

[12:46] {Threei} - The trading symbol will revert to "DSTI" after approximately 20 trading days.

[12:46] {dino} yes

[12:46] {Les} ok. no play there.

[12:47] {Threei} no

[12:47] {dino} cbeh l .60

[12:51] {Threei} sharp pullback BIDU

[12:52] {Les} s aig .28 small

[12:53] {shorty} JDSU b/p .50 THreei?

[12:53] {shorty} b/o

[12:53] {ese} .

[12:53] {Threei} JDSU is a slow mover requiring fairly large help by market

[12:54] {shorty} ty

[12:54] {Threei} doesan't seem to be right day/time for it

[12:54] {shorty} I should have looked at the chart, exactly what you said.

[12:55] {nemo} rimm bottoming?

[12:55] {Threei} .10 break for double bottom

[12:57] {nemo} in .10

[12:58] {Les} aig stopped

[12:58] {Threei} didn't want aggressive entry?

[12:58] {Threei} I couldn't resist, took .05

[12:58] {Threei} small risk was too tempting

[12:58] {Les} Threei .10 break for double bottom

[12:59] {shorty} What was your stop Threei?

[12:59] {Threei} .95

[12:59] {shorty} Support

[12:59] {Threei} les... howe many ways to play double bottom are here?

[13:00] {Les} oh give me a break. Just playing with ya vad

[13:00] {Threei} play this:

06[13:00] * Threei slaps Les around a bit with a large trout

[13:00] {Les} lol

[13:00] {shorty} I feel a slap coming.

[13:00] {shorty} lol

[13:00] {Les} long rimm myself

[13:00] {Threei} I am not a fan of aggresive entries when we face very important resistance barrier, chinal wall

[13:01] {Threei} with huge offers to break

[13:01] {dino} or china too

[13:01] {Threei} yeah

[13:01] {RonS} dino u gotta tgt fire...in at .30

[13:01] {Threei} *(US) TREASURY'S $24B 10-YEAR NOTE AUCTION DRAWS 3.548%; BID-TO-COVER RATIO: 2.96 V 2.67 PRIOR AND 2.66 OVER THE LAST 3 AUCTIONS

[13:01] {shorty} Threei, did you hear what Putin did to some pirates? http://www.cleveland.com/world/index.ssf/2010/05/pirates_have_all_died_russia_s.html Do mess with the Russians.

[13:02] {dino} min .42, would like .50

[13:02] {Threei} Indirect bidders take 41.8% of competitive bids; 24.96% direct bidders, primary dealers take 33.2%

[13:02] {Threei} - 94.55% alotted at the high

[13:02] {Threei} - Median 3.51%, low 3.438%

[13:02] {dino} saw that shorty, do it every time pirates will stop

[13:03] {Threei} I wouldn't expect anything less from them shorty

[13:03] {Threei} J.I Stalin famously said:

[13:03] {Threei} got a man - got a problem. No man - no problem

[13:04] {shorty} If I was a pirate, I would now stay away from Russian ships.

06[13:04] * Threei slaps dptl around a bit with a large volume of Stalin quotes

[13:04] {nemo} frickin rimm

[13:05] {nemo} if it ever breaks .20 shoul run

[13:06] {Les} i like clf

[13:06] {shorty} CLF was kind to me today.

[13:07] {dino} fire stop is .18

[13:07] {Threei} RIMM 1:1

[13:07] {RonS} trade it les and you will change your mind

[13:07] {dino} 3/4 on clf

[13:07] {Threei} shorty, if I maty give you a sound advice,

[13:08] {Threei} pirate or not, stay ouway of Russian ships - period

[13:08] {Threei} even if you manage to find them in Alberta prairies

[13:08] {shorty} lol

[13:08] {Threei} or, especially if you see them there

[13:09] {Threei} I heard a ship in the middle of prairies is a bad omen

[13:09] {nemo} stop rimm Vad?

[13:09] {dino} can't be good

[13:09] {Threei} I would just take profit nemo

[13:10] {Threei} in a bigger scheme of things, it's nothing more than a bounce on RIMM

[13:11] {shorty} I worked with a man who served in the Russian military. One of the best bosses I have ever had, he had a scary calmness to him though. (If that makes sense?)

[13:11] {dino} fwiw we are at yesterdays' hod dji, ndx, s/p

[13:13] {shorty} Would you look to short dino? Or just wait and see?

[13:13] {Threei} iot sure does shorty

[13:13] {Threei} don't short, IMO

[13:13] {magoo} vad, u like AIG long here?

[13:14] {Threei} .30 break mags, yes

[13:14] {nemo} rimm here?

[13:14] {shorty} I want to keep my $100+ profit...lol...I might stay on the sidelines for the rest of the day.

[13:14] {magoo} yea..me too

[13:14] {Threei} can't tell nemo...

[13:15] {Threei} kind of 50/50 here, can go either way

[13:15] {Les} wfc reaching for hod

[13:16] {Threei} energy and climate bill to be released today

[13:16] {Threei} (US) Fed's Bullard: Greek crisis poses a risk to the economic outlook, overall sees continuing signs of recovery in US economy

[13:16] {Threei} - Expects labor market to improve through the Spring and Summer.

[13:16] {Threei} - US debt burden is lower than Euro Zone member states.

[13:17] {dino} no shorty on short, need signs first

[13:17] {shorty} ty

[13:18] {dino} right now daily higher hi higher lo showing

[13:28] {Les} s nlst .19

[13:29] {Threei} EU) ECB's Trichet: Expecting inflation rate to reach 2% by the end of the year

[13:29] {Threei} - says ECB is not conducting quatitative easing

[13:29] {Threei} no?

[13:30] {Threei} didn't they announce treasury papers bvuying?

[13:31] {dino} they lie

[13:31] {Les} A frenchman couldn't talk straight if it killed him

[13:32] {magoo} i bet u luv shopping walmart les

[13:32] {Les} screw american supermarkets

[13:33] {Les} and they don't exist here

[13:33] {Les} Germans and Frenchies all moved in

[13:33] {magoo} u can always use the xpress line " 10 items or LES"

[13:33] {RonS} lol

[13:33] {Les} oh that is pathetic

[13:33] {RonS} lol

[13:33] {Les} someone slap that man

06[13:34] * nemo slaps Les around a bit with a large lead pipe

[13:34] {nemo} I liked it

[13:34] {RonS} magoo slaps Les with a large roll of walmart customer fat

[13:34] {Threei} lol

[13:35] {dino} out .92, syut +.41

[13:36] {ese} well.....gone....see you tomorow....sorry am not contributing to the board much these days......the end of school years is brutal......either i can concentrate on trading fully or i'm a watcher......don't need to loose money on poor choices

[13:36] {dino} take care es

[13:36] {RonS} which one is Les: http://www.peopleofwalmart.com/?page_id=9798

[13:37] {dino} he's in the 5 items or les line

[13:40] {Threei} take care ese

[13:42] {shorty} RonS, so far so good. I have yet to see myself in one of those pics.

[13:42] {RonS} lol

[13:45] {magoo} AIG AIG vad

[13:45] {shorty} RonS, I can't stop looking at these! lol

[13:45] {RonS} ...height of irony from CNN: Wal-Mart pledges $2 billion to fight hunger

[13:47] {Threei} US) Preview: April Monthly Budget Statement due out at 14:00ET

[13:47] {Threei} **consensus expectation: -$57.9Be v -$20.9B y/y

[13:51] {Threei} mags

[13:51] {Threei} if you want AIG, I'd hunt this kind of pullbacks

[13:53] {jfjf64} lookin also help pls

[13:53] {Threei} can't call it exactly, really

[13:54] {jfjf64} 1st show support

[13:54] {Threei} matter of feel more than anything else

[13:54] {jfjf64} hv hard tm pullbks

[13:55] {jfjf64} .05

[13:56] {jfjf64} not bad .05 to penny

[13:57] {magoo} not really liking it yet aig

[13:57] {nemo} Be back in about 20

[13:57] {RonS} aig sm l .10

[13:59] {magoo} so i say

[13:59] {magoo} [13:58] {magoo} not really liking it yet aig

[13:59] {magoo} and ron say

[13:59] {magoo} [13:58] {RonS} aig sm l .10

[14:00] {jfjf64} .01 l spls

[14:00] {Threei} US) APRIL MONTHLY BUDGET STATEMENT: -$82.7B V -$57.9BE

[14:00] {Threei} (19th STRAIGHT MONTH OF BUDGET DEFICITS)

[14:02] {dino} shocking, lol

[14:02] {shorty} dino, thoughts about shorting CLF?

[14:02] {Threei} - Total Receipts: $245.3B v $266.2B y/y (-7.3%)

[14:02] {Threei} - Total spending: $327.9B v $287.1B y/y (+13.2%)

[14:03] {dino} watch dji and s/p imo

[14:04] {shorty} ty...will do

[14:04] {RonS} shorty, it also tends to track the slx

[14:04] {dino} break of 10850 and 1165 y

[14:07] {jfjf64} comon spls ya wanna gooooooooooooooooo

[14:07] {shorty} ahhh.....Makes more sense now. ty. RonS and dino.

[14:10] {Les} crap I was short aig .10 and then covered flat to do dinner. bitchin

[14:10] {dino} shorty, don't blindly follow me, i am wrong about 35% of time

[14:10] {Les} at least its a bit more readable

[14:11] {shorty} Then you are 65% more correct then me.

[14:11] {dino} then you post and i will do opposite

[14:11] {shorty} lol

[14:11] {dino} :D

[14:12] {Les} but tie up reversal in your picks dino, with momentum coming from market rally/selloff - works well

[14:12] {dino} thx

[14:13] {Threei} BP some tension here

[14:14] {Threei} feels like wants up

[14:14] {Threei} dances between .20 and .30 for a while

[14:15] {dino} azz

[14:15] {dino} nah

[14:20] {Threei} strange

[14:20] {Threei} market's upticking but I don't see individual stocks following

[14:21] {jfjf64} bp .30 break vad

[14:22] {Threei} probably...

[14:22] {Threei} won't be easy

[14:22] {jfjf64} to bkeak .30

[14:23] {Threei} to profit

[14:23] {jfjf64} follow

[14:26] {Threei} over 1:1

[14:26] {Threei} this one finally took me in green

[14:26] {Threei} teeh pulling day

[14:26] {Threei} 1:2

[14:29] {Threei} AIG looks like candidate for end of day cratering

[14:29] {Threei} slides even as market retests high

[14:30] {magoo} ya sicjk

[14:30] {jfjf64} lol

[14:32] {nemo} what I miss

[14:32] {Threei} BP 20 cents

[14:32] {nemo} figures

[14:32] {shorty} Hitting Les with a trout.

[14:32] {dino} out homb .92, +.35

[14:39] {Threei} Short Setup: AIG .60 break

[14:39] {Threei} if stays under .70

[14:40] {nemo} invalimudated

[14:40] {Threei} invalidated

[14:40] {Threei} still looks like short, just can't find entry

[14:41] {dino} out fire .42, +.12

[14:41] {dino} like pulling teeth

[14:41] {Threei} totally

[14:47] {RonS} out fire .43 +.13 sheesh it took 10 bid orders to fill

[14:49] {shorty} AIG "I dare you to short me"

[14:50] {Threei} shrug

[14:50] {Threei} need setup for that

[14:50] {Threei} I see none here

[14:53] {Threei} (US) Fed's Bullard: - there is a need to privatize GSEs such that they no longer have an implied government guarantee

[14:53] {Threei} n really?

[14:53] {Threei} got willing buyers lined uop?

[14:54] {dino} wow finally admits it

[14:54] {Threei} heh

[14:54] {Threei} where were they when barney blocked attempt by Bush to do something about GSEs?

[14:55] {Threei} I didn't see any single Fed givernor saying "wait just a minute"

[14:55] {magoo} my quotes have been ASS all day

[14:55] {Threei} ok here... need any?

[14:56] {magoo} no..just stikking

[14:56] {dino} out cbeh .72, +.12

[14:57] {magoo} srver vad?

[14:57] {Threei} 6

[14:57] {magoo} ill try it..trie em all

[15:00] {Les} another grind up day. sweet

[15:00] {Threei} mostly stall today

[15:01] {magoo} first quote issues since we converted to cable vad

[15:01] {dino} back in 10

[15:03] {Threei} market spike...

[15:03] {Threei} could be a sign of last hour direction

[15:03] {nemo} yeah, correction is over

[15:03] {Threei} wuestion is, what to follow it with

[15:03] {nemo} 1 trillion in free euros

[15:04] {Threei} I don't know if there is such direct connection nemo

[15:04] {Threei} it's 1T in guarantees and bailouts

[15:04] {nemo} well, we were in the toilet on Friday, they acted, and we were up 350 points on Monday

[15:04] {Threei} I don't hink much of that can find its way to US market

[15:05] {magoo} feels like i did alot today, but actually on 25k shares, way doewn

[15:06] {magoo} couldnt believe it when i checked

[15:09] {dino} re-liquify the system boys, happend in '03, '09, and now

[15:10] {RonS} ...happens every night at my house...

[15:10] {Threei} lol

[15:12] {shorty} good day everyone. I will cya tomorrow.

[15:12] {Threei} take care shorty

[15:12] {RonS} cya shorty

[15:12] {Threei} shorty runs away clathich $100 bill in sweaty palm

[15:12] {dino} cya shorty

[15:14] {dino} sy

[15:15] {dino} what the sy

[15:15] {Threei} SY Hearing takeover chatter circulating

[15:15] {Threei} - SAP rumored as a potential acquirer, hearing price chatter around $6B

[15:16] {RonS} jack

[15:16] {magoo} VADDDDDDDDDDDDDDD

[15:16] {magoo} SY

[15:16] {magoo} SY

[15:16] {Threei} look up

[15:16] {RonS} asleep mags?

[15:16] {Threei} instead of yelling at me

[15:16] {dino} magoo about 4 minutes late

[15:16] {magoo} great, now im locked out tomorrow morn again

[15:17] {dino} v sm s .00

06[15:17] * Threei slaps magoo around a bit with a large SY takeover chatter

[15:17] {dino} cov 63.70, +1.30

[15:18] {Threei} 65.14 short here

[15:18] {Threei} covered too soon

[15:18] {dino} cover, it may bounce imo

[15:18] {Threei} I did

[15:18] {dino} towards high reshort

[15:18] {Threei} I dob it'll return there

[15:19] {Threei} doubt

[15:19] {dino} maybe not

[15:19] {dino} hmmm

[15:20] {dino} 64.70 area maybe

[15:20] {magoo} cnbc now

[15:21] {dino} they mention share price?

[15:22] {magoo} no, bujt dave told me calculated it could go to 75

[15:22] {dino} thx

[15:22] {magoo} dont know how he arrived at it

[15:23] {magoo} he wanted to make sure i was careful on it

[15:23] {Threei} what are you, on skype with him?

[15:23] {dino} cover 2 pts too soon

[15:23] {magoo} who would NOT get out up 22 points?

[15:25] {Threei} ain't I idiot

[15:25] {magoo} well, me too

[15:25] {magoo} i didnt even try

[15:25] {Threei} lousy 200 shares would have already netted in thousands

[15:25] {dino} ughhhhhhhhhh

[15:25] {nemo} on what stock?

[15:25] {dino} thats what i had 200 at 65 short

[15:26] {Threei} good morning nemo

[15:26] {Threei} and I even had 14 cents to boot

[15:26] {nemo} sorry, I was gone for a half hour, and then have been having issues with the soon-to-be-late nephew

[15:26] {Threei} 65.14

[15:26] {Threei} lol

[15:26] {Threei} SY nemo

[15:26] {nemo} wow...what news?

[15:27] {Threei} takeover rumor

[15:27] {dino} and see above the chicken in me

[15:28] {Threei} two chickens

[15:28] {Threei} cluck cluck

[15:28] {Threei} I am disgusted with myself

[15:28] {magoo} me two

[15:28] {magoo} 9 point shgort

[15:29] {Threei} 10

[15:30] {nemo} stop dwelling

[15:30] {magoo} 11

06[15:30] * Threei slaps Threei around a bit with a large image of a fat yellow belly

[15:30] {magoo} make my day trade

[15:30] {RonS} Sybase Declines To Comment About Possible Takeover 05/12 01:30 PM

[15:33] {Threei} famous line by soviet poet: "Who ever saw a crying bolshevik?"

[15:34] {Threei} I just did, in the mirror

[15:35] {dino} lol

[15:44] {strider} vad, dcc

[15:49] {dptl} good evening all

[15:49] {RonS} cya dp

[15:50] {Threei} take care dp

[15:50] {dino} cya dp

[15:54] {Threei} AIG finishes at the low

[15:54] {Threei} too bad we haven't found short entry

[15:54] {Threei} had distinctive feeling it was to drop

[15:54] {jfjf64} yup

[15:55] {jfjf64} ya did

[15:55] {jfjf64} bidu gettin momo

[15:56] {Threei} we will revisit it tomorrow

[15:56] {Threei} it' a worthy player

[15:56] {Threei} now that risk is more manageable on it

[15:56] {jfjf64} ill be ready

[15:56] {dino} gn all, tee time in 30

[15:56] {Threei} thank you all

[15:57] {Threei} have a good evening

[15:57] {jfjf64} let it get by today

[15:57] {Threei} see you tomorrow

[15:57] {jfjf64} later all ty

May 10 2010

"Can do no wrong" day - every call worked perfectly, by me ad room members. LVS short for 35 cents, then long for a scalp, F long, MOS short, VCI long, AIG long, a few more - all in all, very active and nicely profitable day.


Session Time: Mon May 10 00:00:00 2010

[08:00] {magoo} god dam gap
[08:00] {magoo} this is how mkts frustrate
[08:00] {magoo} were way due for a bounce, but now u gotta chase ridicoulous
[08:20] {Les} crap I managed to quit Friday holding 200 shares of ESI
[08:20] {Les} doofus
[08:21] {Les} wake up ya bums! :)
[08:24] {strider} .
[08:24] {nemo} ?
[08:24] {strider} !
[08:25] {nemo} crissakes...times like these you wonder how anyone can be an investor
[08:26] {strider} looks like we're in a by-god buill market.
[08:26] {strider} bull
[08:26] {nemo} yeah Bernanke East
[08:27] {nemo} Europes doing it's own quantitative easing which mens liquidity which means bull
[08:27] {strider} whatever. Just so long as it's readable.
[08:28] {nemo} well with this massive jump the first hour is likely to be crazy, and then not much to act on
[08:29] {strider} GS up $5
[08:29] {nemo} everything is up huge
[08:29] {strider} BP not.
[08:29] {strider} up a buck, coming back down.
[08:29] {nemo} yeah...understandable $ down huge
[08:30] {magoo} remember, some folks want OUT on this pop after last week
[08:30] {magoo} and trend has changed, bear is back
[08:31] {nemo} yeah, probably, but Europe just committed to a quantitative easing program bigger than what the US intitiated
[08:32] {Threei} because sucide is such a fun thing to do in a company, right?
[08:32] {magoo} HUH?
[08:32] {nemo} you mean among friends
[08:32] {nemo} Yeah, this just kicks the can
[08:32] {nemo} down the road
[08:32] {strider} short BP .56
[08:32] {Threei} well, market doesn't care about what happens in 5 years
[08:33] {Les} nor do politicians
[08:33] {magoo} vads, any news F?
[08:33] {magoo} also check BAC please
[08:33] {Threei} troubles are preven ted from hitting immediately, money'sa coing in the market - let's go up... in 5 years we will tarde differenbt marketr
[08:34] {Les} sounds good from daytrading perspective
[08:34] {Threei} nothing on either
[08:34] {Les} not sure about mum and pop
[08:34] {magoo} they r good type 1
[08:34] {Threei} why do you ask about those two inb particular, I don't see aything special there
[08:35] {strider} out .42
[08:35] {magoo} ah graasshoppwer
[08:35] {magoo} but u will
[08:35] {strider} way too soon.
[08:37] {Threei} a bit, yeah
[08:37] {Threei} why not partial?
[08:37] {magoo} aussie bob trimbolie?
[08:37] {strider} should have.
[08:37] {Threei} that was a good setup
[08:37] {Threei} and BP's hweadlines are godawful
[08:37] {strider} I know.
[08:38] {strider} Do-over!
[08:38] {magoo} see F vad, i took 05 big
[08:38] {magoo} scalp out
[08:38] {magoo} nice trade
[08:39] {Threei} I have nothing left to say, you said it all yourself
[08:41] {Threei} German Chancellor Angela Merkel says this action was necessary to fight a Euro short selling syndicate. "The eurozone's member states showed yesterday that we have a common political will to do everything for the stability of our common currency," she said. "This is a determined and united message to those who think that they can weaken Europe."
[08:41] {Threei} oh boy...
[08:42] {Threei} world is so full of idiots these days, I hinestly think they multiply with triple speed vs, let's say 10 years ago
[08:42] {Les} well after her refusal to bail out Greece, she needs to make some crap excuse for spending her taxpayers money
[08:44] {Threei} hard to be,ieve anyone can seriously think it's a battle against shorting sindycate
[08:47] {Les} yeh, gotta ask how many times they can use that lame excuse before public tires of it
[08:52] {dptl} good morning
[08:58] {ese} morning.....
[08:59] {ese} talk about your wild ride with the futures quote
[08:59] {Threei} dp, ese :)
[08:59] {ese} up 400pts at one time....wow...never seen that
[08:59] {Threei} lol
[08:59] {ese} hey vad
[08:59] {Threei} remember Fri:
[08:59] {Threei} "who would want to be long into this weekend"
[09:00] {Les} this drunk idiot that didn't close his long trade before quitting
[09:01] {dino} gm all, inflate it away
[09:01] {ese} Casino Royal
[09:02] {strider} gm all
[09:02] {ese} ST
[09:04] {strider} ese:)
[09:04] {dino} tlt taking a beating
[09:07] {Threei} dino, strider
[09:07] {strider} :)
[09:10] {Threei} ok, I am planless
[09:10] {Threei} the only thing I can think of is:
[09:10] {dino} going to leave one heck of a gap in charts
[09:10] {Threei} skip first hectic minutes, then start looking for short setups
[09:11] {dino} also, above 11151, 2031 gaps; 5/3
[09:26] {_stewy} good morning, Vad
[09:26] {jfjf64} mornin boys
[09:26] {shorty} good morning
[09:26] {Threei} morning stewy
[09:27] {Threei} jf, shorty
[09:27] {_stewy} thanks for the trial
[09:27] {RonS} gm all...
[09:27] {Threei} sure thing
[09:27] {lasertrev} gm
[09:27] {Threei} hope market is orderly enough to find something worthy
[09:27] {Threei} Ron, trev :)
[09:27] {Les} fas
[09:28] {Threei} BP is one of short candidates
[09:29] {Les} jeeezuz
[09:29] {Threei} sudfdenly found religion this morning Les?
[09:29] {Les} in financials, yes
[09:31] {Threei} F sharp pullback
[09:34] {strider} GS pullback
[09:35] {strider} more
[09:35] {strider} big m ore
[09:35] {Threei} Short Setup: WFC .60 break
[09:35] {Threei} stop above .70
[09:36] {Threei} grr, too fast
[09:36] {Threei} let's let it bounce
[09:36] {Threei} OK
[09:36] {Threei} same setup
[09:36] {Threei} if stays below .70
[09:36] {Threei} invalidated
[09:37] {magoo} l .70
[09:38] {magoo} out
[09:38] {strider} BP spike
[09:39] {Threei} Short Setup: LVS .40 break
[09:40] {Threei} stop above .50 for scalpers, .55 for day traders
[09:42] {dino} watch pin action start
[09:44] {Threei} ok market, time to acknowledge gravity
[09:48] {Threei} my stop is above .50 for LVS, but on a profit side not a scalp for me if works
[09:48] {Threei} capable of much more
[09:48] {Threei} EU's Bolwes: EU hedge fund vote delayed to May 17, as EU parliament needs added time for revisions
[09:50] {Threei} so far so good, lower highs
[09:50] {Threei} LVS 1:1
[09:50] {Threei} half out
[09:51] {Threei} stop to above .45
[09:51] {Threei} textbook trailing would have been .40 but I want to give it just a tad more room in this volatile environment
[09:51] {Threei} 1:2, 1/4 more out
[09:52] {Threei} stop to breakeven
[09:52] {shorty} ty Threei
[09:52] {Threei} welcome sir
[09:53] {jfjf64} nice nice
[09:53] {Threei} does it mean you played double lot?
[09:53] {Threei} 1:3
[09:53] {Threei} out in full
[09:53] {Threei} .05
[09:53] {jfjf64} yes yes
[09:53] {Threei} lol
[09:53] {Threei} +.35
[09:53] {jfjf64} ty
[09:54] {jfjf64} ty
[09:54] {Threei} gravity does exist
[09:55] {Threei} XOM CEO: Reiterates support for carbon tax rather than cap and trade mechanism - CNBC
[09:55] {Threei} sheep
[09:57] {magoo} can lvs lose 23 vad?
[09:58] {Threei} if market continues down
[09:58] {Threei} and market is at the fork right now
[09:58] {Threei} can chose any direction with equal odds
[09:58] {Threei} so I am on sideline, letting it show its hand
[09:58] {Threei} see?
[09:58] {strider} BP spike
[09:58] {dino} elx l .00
[10:00] {Threei} hmmm
[10:00] {Threei} strange
[10:01] {Threei} market sharp dive but LVS stayed up there
[10:01] {Threei} starting to think about long on it
[10:01] {magoo} dunno, lvs treacherous
[10:01] {Threei} what isn;'t? :)
[10:02] {Threei} Long Setup: LVS .20 break if stays above .10
[10:02] {Threei} big offer at .20 too
[10:04] {Threei} let's modify it
[10:04] {Threei} .10 break
[10:04] {Threei} stop under 23
[10:05] {Threei} needs a little market help but overall, looks ready for bounce to me
[10:05] {magoo} in
[10:06] {Threei} half ou or scap near .20 decide for yorselft
[10:06] {Threei} hard to tell
[10:06] {strider} out +.09 LVS
[10:06] {Threei} half for me
[10:06] {Threei} stop to under b/e
[10:06] {shorty} ty THreei, again
[10:06] {Threei} scalpers win this tiome
[10:07] {Threei} welcome
[10:08] {Threei} Long Setup: F .25
[10:08] {Threei} if stays above .20 for scalpers, .15 for day traders
[10:08] {magoo} in
[10:08] {nemo} tie
[10:08] {Threei} EUR/USD Euro continues to retrace from earlier session highs; Moves back below 1.2850 level
[10:10] {Threei} F1:1 for scalpers
[10:10] {strider} out 1/2
[10:11] {shorty} out 1:1 ty
[10:11] {Threei} 1:1 for day traders
[10:11] {Threei} can I go home?
[10:11] {shorty} no, I am not done
[10:11] {RonS} bp running for some reason...
[10:11] {Threei} and I have to suffer?
06[10:12] * strider slaps Threei around a bit with a large cardboard cutout of his wife
[10:12] {shorty} lol
[10:12] {Threei} no news BP
[10:12] {Threei} lol
[10:12] {Threei} anyone here lives in NJ?
[10:12] {Threei} (US) New Jersey democratic legislators reportedly introduce millionaire tax (related MUNIS )
[10:13] {RonS} ...is that living?
[10:13] {Threei} ok... resides
[10:13] {dino} bwld sm l .96
[10:14] {dino} they are all moving to pennsylvania
[10:17] {strider} long ELX .99
[10:20] {RonS} euro spoiling this party...needs to stabilize and bounce for market to extend gain
[10:27] {RonS} 3i, do you see a MOS short entry?
[10:28] {Threei} .15 break...
[10:28] {Threei} kind of 51/49
[10:28] {RonS} txs
[10:35] {Threei} a bit strange spot here
[10:36] {Threei} market feels like down to me still,
[10:36] {Threei} but I see no setups to utilize
[10:36] {strider} BP
[10:36] {Threei} and these little jumps up and down thow the read off
[10:37] {Threei} looking at it strider
[10:37] {Threei} hoestly, more feels like reversing
[10:37] {Threei} both setups are valid:
[10:37] {Threei} .40 break for short
[10:37] {Threei} and .50 break for long
[10:38] {Threei} but I'd rather go for .50 and long
[10:38] {Threei} even now as it drops, I don't like it
[10:38] {Threei} wouldn't short that .40
[10:39] {Threei} acrually, .40 break
[10:39] {Threei} as long
[10:39] {Threei} I am getting inyerested
[10:40] {Threei} a bit late eh
[10:40] {Threei} thinking to slow today
[10:40] {Threei} too
[10:40] {Threei} anyone was faster on their feet than I was?
[10:41] {Les} huh?
[10:41] {Threei} sigh... never mind
[10:41] {Les} just kidding. been trying to get IB on the line for account closure
[10:41] {Threei} struder, agree that short was not the way to go?
[10:41] {Threei} my gut was right
[10:42] {strider} I'm still thinking it is short. not in.
[10:42] {strider} lower high
[10:42] {Threei} down the road, on new setup, could be
[10:44] {Les} out ESI +1.07 from Friday. that was a mistake holding, but happily finished ok
[10:44] {dino} vxx l .25
06[10:44] * Threei slaps Les around a bit with a large neon CASINO sign
[10:45] {Les} yeh yeh
[10:45] {strider} out ELX .90 -.09
[10:46] {dino} out vxx .37, +.12
[10:50] {Les} little bounce in foreign banks. CS short?
[10:52] {Les} CS bouncing off 100ma here
[10:54] {Les} s CS .22 half
[10:54] {Threei} (US) Fed's Plosser: Europe has severe challenges, new EU package may alleviate concerns - CNBC interview
[10:54] {Threei} - Major concern of the US prompting reopening of swap lines was contagion. Unclear whether package will be enough to halt contagion.
[10:54] {Threei} - Plosser's outlook on US economy is "still pretty upbeat," recovery is becoming more broad based, believes job market has turned.
[10:56] {strider} BP struggling at .30
[10:56] {dptl} itmn?
[10:57] {ese} hows it goin.....had to go get blood work done....nice one with esi les
[10:57] {shorty} Morning ese
[10:57] {shorty} Good calls by Threei this morning.
[10:57] {Threei} not sure dp
[10:58] {Threei} ITMN is a wounded antelope
[10:58] {dptl} got long .62
[10:58] {ese} hey shorty
[10:58] {Threei} something happens with its FDA troubles, it will be a big mover
[10:58] {dptl} stop under .50
[10:58] {Threei} nothing haooens - it will sit there, making slow waves with the market, sometimes moving on rumors
[10:59] {Les} thanks ese, ain't normally done like that though. who'd of thought the EU'd be pulling $1T out of its pocket Sunday?
[10:59] {Threei} I am sorry... "ITS" pocket??
[10:59] {Les} or out of our pockets
[10:59] {Les} I stand corrected
[10:59] {Threei} it's your pocket :)
[10:59] {Les} yeh, wondering how much CS and UBS are ponying up
[10:59] {Threei} and fern's
[11:00] {Threei} and KS's
[11:00] {Threei} and a bit of ours
[11:00] {Les} vad CS .40 break?
[11:00] {Les} cs stopped
[11:01] {Threei} sorry, I didn't even understand what you mean on it
[11:05] {dino} idsa
[11:06] {Threei} market feels like cotton wool
[11:06] {nemo} ?
[11:06] {Threei} no spring in the step
[11:06] {Threei} wobble
[11:06] {strider} Is that a special kind of russian sheep?
[11:06] {Threei} never saw one up close
[11:07] {nemo} well it sprung pretty good out of the gate, so for it to meander is pretty normal
[11:07] {shorty} ZION Threei
[11:07] {strider} BP trying to lose 49
[11:08] {Threei} I am impartial in that conflict shorty
[11:10] {dino} idsa sm l .80
[11:10] {strider} cover BP +.51
[11:10] {strider} at .90
[11:10] {Threei} wtg
[11:10] {dino} gj strider
[11:10] {strider} thanks
[11:10] {Threei} did better job at reading it than I
[11:11] {shorty} Nice
[11:13] {dino} these big gap up days aren't my thing
[11:13] {Threei} and this one is not a "big"
[11:13] {Threei} this one is "humongous"
[11:13] {dino} idsa getting wide
[11:14] {Threei} market looks heavy to me
[11:15] {Threei} http://photography.realitytrader.com/2010/05/few-delicious-landscapes.html
[11:19] {shorty} I like those pictures Threei.
[11:19] {Threei} ty
[11:19] {Threei} {--- living in paradise and misses no chance to show off
[11:20] {shorty} Do you do any fishing on the cost Threei?
[11:20] {Threei} no, dp does for both of us
06[11:20] * Threei slaps dptl around a bit with a large wild sockeye salmon
[11:20] {shorty} Lucky
[11:20] {Threei} I do crabbing and shrimping though
[11:22] {Threei} no read on anything
[11:22] {Threei} waiting
[11:22] {shorty} When my parents were young they use to pick up lobster traps that washed up on the beach after a big storm.
[11:22] {Les} thanks for weekend reading vad
[11:22] {dptl} :)
[11:23] {Threei} I am a master of provoking hatemail, les
[11:23] {Les} saw vid on HFT and ignored it myself. good to read serious material helping understanding
[11:23] {shorty} Why would you get hatemail THreei
[11:23] {Threei} I have this idiotic manner of debunking some of popular conspiracy theories, shorty
[11:24] {shorty} lol
[11:24] {dino} bwld stopped
[11:24] {Threei} this weekend I got myself into fight with HFT haters
[11:25] {RonS} ...he jumped into the dark pool...:)
[11:25] {shorty} What is HFT?
[11:25] {Threei} all of whom invariably are in love with zeroknowledge.com
[11:25] {Threei} high frequency trading
[11:25] {Threei} algorithmic trading by large firms
[11:25] {Threei} exploiting inefficiencies measured in milliseconds
[11:25] {strider} al gore has no rhythm.
[11:26] {Threei} rofl
[11:26] {Threei} as a notoriously bad stand-uo ceomedian, I am not sure by laugh means much stridere
[11:26] {Threei} but I liked it
[11:26] {Threei} by = my
[11:26] {shorty} Ahhh... Long term investors seem to hate me because I am trying to day trade.
[11:26] {strider} thank you, thank you very much.
[11:27] {strider} want me to say it agian?
[11:27] {strider} again
[11:27] {strider} It's even funnier the second time.
[11:27] {Threei} no doubt
[11:27] {Threei} especially for guraffes
[11:27] {strider} I'll wait.
[11:27] {Threei} girraffess
[11:27] {strider} catch you off guard.
[11:28] {shorty} What about those offers on BP Threei?
[11:29] {Threei} ?
[11:29] {Threei} what offers?
[11:29] {shorty} 49.29
[11:29] {Threei} gosh
[11:29] {shorty} Look like a reversal?
[11:29] {Threei} we are good 10 cents away from there
[11:30] {shorty} ok'
[11:30] {Threei} looks like shapeless mess to me
[11:32] {Threei} looks bounce ready now
[11:34] {Threei} anyone who hasn't had Monday dose of idiocy yet, read this:
[11:34] {Threei} ECB's Nowotny: Market reaction proves EU took the right steps, package is a major strike against speculation
[11:34] {Threei} BP looks ripe for taking profit if you went for bounce
[11:35] {shorty} shoulda, coulda, woulda, but didn't
[11:35] {Threei} that was perfect timing
[11:35] {Threei} no official call though
[11:39] {dino} always the speculators, never the politicians and spending
[11:39] {Threei} no
[11:41] {Threei} it's like this: good caring governments guaranteeing loans, bad banks doing predatory loaning and innocent customers trustingly borrowing beyond means of repayment
[11:50] {Threei} ummm
[11:50] {Threei} VCI
[11:50] {Threei} nice breakout chart, but very thin
[11:50] {magoo} look at ENCO vad
[11:51] {Threei} weirdo
[11:51] {Threei} reported hotrible earnings
[11:52] {Threei} some new orders
[11:52] {Threei} shrug
[11:52] {Threei} Long Setup: VCI 34 break half lot if stays above .85
[11:52] {Threei} half lot!
[11:53] {Threei} I am serious mags, this one can hurt badly
[11:53] {magoo} GS dying here
[11:53] {shorty} lol
[11:53] {Threei} 1:1
[11:53] {Threei} lol
[11:54] {Threei} 1:2
[12:09] {Threei} everyone's asleep?
[12:09] {magoo} no
[12:10] {shorty} not yet
[12:10] {Threei} wanted to offer a play for your attention
[12:10] {Threei} but afraid to wake you up
[12:10] {shorty} VCI was probably your best call Threei.
[12:11] {Threei} Long Setup: AIG 41 break half lot
[12:11] {Threei} if stays above .90
[12:13] {magoo} in
[12:15] {magoo} dont rinse
[12:15] {Threei} NVAX Hearing Roth Capital making positive comments
[12:15] {Threei} why not wait for break? 41 is solid chart resistance
[12:16] {dptl} what stock?
[12:16] {Threei} AIG
[12:16] {dptl} ty
[12:17] {magoo} looked good to go
[12:21] {ese} in aig .02
[12:21] {Threei} NVAX Hearing Roth Capital making positive comments, price target raised to $8 (timing uncertain)
[12:21] {Threei} 8?
[12:21] {Threei} really?
[12:22] {magoo} no one believes?
[12:23] {Threei} some did but sold at 2.70 {G}
[12:23] {Threei} DISH CEO: A strong Dish Netork is good for Tivo, makes sense to work together with Tivo - conf call comments (21.88, +0.58, 2.72%) (related TIVO )
[12:27] {ese} wann see aig make a move here or i'm out
[12:29] {Threei} it crawls up against the market
[12:29] {ese} thank you ......out aig .12
[12:29] {Threei} welcome
[12:29] {ese} +.10
[12:29] {dino} idsa out .13, +1.33
[12:29] {ese} tks vad
[12:29] {ese} nice dino
[12:29] {dino} thx
[12:30] {ese} ouuuuu interesting dn tick aig
[12:30] {Threei} very
[12:32] {dino} fire l .50
[12:32] {RonS} out mos +.65
[12:33] {dino} gj
[12:33] {Threei} beautiful
[12:33] {RonS} thx
[12:45] {dptl} lvs .20 short?
[12:46] {Threei} not sure
[12:46] {Threei} kind of:
[12:47] {Threei} if market drops sharply and LVS gives a little delay for entry, yes
[12:47] {Threei} otherwise, 50/50
[12:47] {dptl} ty
[12:49] {Threei} where are all the girls today?
[12:49] {Les} I'm here
[12:49] {shorty} Maybe mother's day hangover?
[12:50] {Threei} lol
06[12:50] * Threei pictures all girls drinking vodka right from the bottles on Mothers day, kids applauding
[12:51] {Les} kids laughing and iphoning images to friends just as likely...
[12:51] {shorty} lol
[12:51] {Les} BP .75 b/d?
[12:52] {dino} out fire +.12
[12:52] {dino} lol, dino was picturing belly shots
[12:53] {Threei} probably Les
[12:57] {Threei} BP should be good for more than scalp
[13:01] {Threei} LVS 1:1
[13:02] {Les} finnies cracking
[13:02] {Threei} BP 1:1
[13:02] {Threei} beautiful trading today guys
[13:05] {dptl} didn't take lvs...took cat instead
[13:05] {Threei} whatever... worked just as well
[13:05] {dptl} :)
[13:05] {Threei} but since I have no camera installed in your office, not am I a mind-reader, I had to commend you on the pick you announced
[13:06] {Threei} not = nor
[13:06] {dptl} i kinda hesitated on lvs....still thinking to mach ,lol
[13:07] {dptl} to much
[13:07] {Threei} well, sooner or later headaches and migranes directly linked to thinking will get to yopu
[13:07] {Threei} look at me... ni thinking at all
[13:07] {Threei} ask me at any moment what I am thinking about
[13:08] {Threei} and answer always will be "nothing"
[13:08] {Threei} BP 1:1
[13:08] {shorty} out BP thx Les
[13:08] {Threei} I want to see how this week plays out of course, but so far my working scenario is that this EU "salvation" will eventually be ignored by the market, and down we go
[13:09] {Les} what?
[13:09] {Les} the speculators win?
[13:09] {Threei} damn them
[13:09] {Threei} but yeah
[13:09] {Threei} shoot them, poison them, burn them on the stakes - they always win...
[13:10] {RonS} viva le Inquisition!
[13:10] {shorty} I hate speculators. No Threei, do it the French way. Burn them while they are sleeping.
[13:11] {Threei} ok, even with girls not being here I am not touching this one
[13:11] {RonS} euro 1.2815 was support, let's see if it is resistance for direction...
[13:13] {shorty} A bit over the top, sorry.
[13:14] {RonS} ?
[13:14] {RonS} euro new lod
[13:15] {Threei} BP over 1:2
[13:15] {Les} and out ty
[13:15] {RonS} gs looking to go neg
[13:15] {Les} some bounce hunting coming
[13:16] {Threei} BP 1:3, over and oput
[13:17] {Threei} very nice spot Les
[13:17] {Threei} now if you tell me you skipped it but took GS instead, I will throw something at you
[13:17] {nemo} virtually of course
[13:17] {Threei} one dp is quite enough
[13:17] {RonS} ...no, cat...
[13:17] {Threei} of course
[13:18] {Threei} lol Ron
[13:23] {nemo} l cat .85
[13:29] {nemo} ick the frickin cat!
[13:29] {nemo} kick
[13:30] {Threei} scary idea
[13:30] {Threei} give me a few, I'll show you why
[13:30] {nemo} 1/2 out
[13:32] {Threei} nice
[13:35] {nemo} stop is .90
[13:36] {RonS} ...euro dancing w/ 1.2815 and edging higher...
[13:36] {Threei} http://photography.realitytrader.com/2010/05/black-cat.html
[13:36] {RonS} live fx ticker at dailyfx.com
[13:36] {Threei} (US) Fed's Kocherlakota: Banks must be taxed in a way that helps to limit risk; no way to eliminate bailouts
[13:36] {Threei} - a bailout tax can help deal with 'too big to fail' issue
[13:37] {Threei} click to enlarge and look in his eyes
[13:37] {nemo} really, how does a tax limit system risk
[13:37] {dino} really, lol, we tell you up front you are too big to fail
[13:38] {RonS} ...black cat are kinda spooky, but not as weird as a minx
[13:40] {nemo} stopped cat
[13:40] {nemo} good thing
[13:43] {magoo} GS crushed
[13:43] {RonS} euro re-broaches 1.28...resistance held...
[13:48] {RonS} ...my tape has just lowed to a crawl...does anyone else see something similar?...
[13:48] {Threei} on what?
[13:48] {RonS} lowed=slowed
[13:49] {RonS} on whatever ever you have to see market volume...
[13:49] {Threei} seems same
[13:49] {Threei} no changes vs, let;;s say 10 min ago
[13:50] {RonS} ok...i get nervous with a slow market...seems to presage a big move...
[13:50] {Threei} sometimes, yes
[13:57] {Threei} GS...
[13:57] {Threei} SEC and various exchanges have agreed on a 'structural framework' to deal with circuit breakers and 'erroneous' transactions
[13:57] {Threei} - SEC: "This morning, SEC Chairman Mary Schapiro had a constructive meeting with the leaders of six exchanges the New York Stock Exchange, NASDAQ, BATS, Direct Edge, ISE and CBOE and the Financial Industry Regulatory Authority to discuss the causes of Thursday's market events, the potential contributing factors, and possible market reforms.
[13:57] {Threei} "As a first step, the parties agreed on a structural framework, to be refined over the next day, for strengthening circuit breakers and handling erroneous trades."
[13:58] {Threei} Senators Levin and Merkeley introduce amendment barring banks from betting against their clients
[13:58] {Threei} lol
[13:58] {Threei} imbeciles
[13:58] {Threei} how the hell does bank sells something to a client not betting against it?
[13:59] {RonS} ...when someone buys any insurance is not the insurance co betting against the customer?
[14:00] {shorty} Good point RonS
[14:00] {RonS} jef l .90
[14:00] {Threei} of course
[14:03] {Les} like I said Vad, I would like access to all these soundbites one day. great material for a book.
[14:03] {Les} pretty please
[14:04] {Les} bp
[14:06] {Threei} which soundbites?
[14:06] {Les} idiots
[14:06] {Les} SEC
[14:06] {Les} politicians
[14:06] {Les} talking heads
[14:06] {Les} this stuff'll sell as a comedy
[14:06] {Threei} you lost me
[14:07] {Threei} what do I have to do with it?
[14:07] {Les} you've got the archives
[14:07] {Threei} you do too
[14:07] {Threei} http://tradinglog.realitytrader.com/
[14:07] {Les} how far can we go back?
[14:08] {Threei} 2007
[14:08] {dino} sm l bwld .25
[14:08] {jmb} 3
[14:08] {Threei} wooohoo
[14:08] {nemo} look at offer at .30 dino
[14:09] {Threei} Les, you just got a new one for your future collection
[14:09] {Threei} French Fin Min Lagarde: Credibility of the euro has been restored
[14:09] {Threei} just like that
[14:09] {Les} lol
[14:09] {Threei} overnight
[14:10] {Les} this is the woman that told France to stop thinking, in order to get the economy in order
[14:10] {Threei} how?
[14:11] {Les} France has reputation of thinkers, talkers - philosophy and discussion is revered. she said 'stop it'
[14:12] {Threei} well, judgung by that headline she clearly leads by example
[14:12] {dino} see it, no worries
[14:12] {Les} she returned to France from board of US company. guess she learnt the 'American way'
[14:13] {Les} mind you, it seems to be French way, English way etc etc today
[14:13] {dino} chewing it up
[14:13] {Les} thinking not required
[14:13] {nemo} digesting now
[14:13] {Les} lol dino, forgot the .30 break blabbering...
[14:14] {Threei} no seriously
[14:14] {Threei} Earlier today the WSJ reported Levin was drafting legislation to prevent conflicts of interest by prohibiting companies from taking the opposite side of the deal for their own account, at least when they are marketing investments they have created themselves
[14:14] {Threei} how is it possible?
[14:15] {Les} no more deals... problem fixed
[14:16] {Les} Swedish finance minister Anders Borg says it is a case of keeping the wolves from the door. "We now see herd behaviours in the markets that are really pack behaviours, wolf-pack behaviours," he said. "And if we will not stop these packs, they will tear - even if it's self-inflicted weakness - they will tear the weaker countries apart."
[14:16] {dino} just wait until they come up w/idea that markets are not allowed to drop
[14:17] {Les} it does not merit asking why country is weak of course
[14:18] {Threei} I swear my grandfather was right, I was just too young and stupid to understand that...
[14:18] {Threei} he was confident the stupidity in the world is too gereat of a force to allow the humanity to survive
[14:18] {shorty} lol
[14:19] {RonS} ...to continue the diatribe of theonslaught of freedom: Obama said this seekend that the media was getting in the way of democracy
[14:20] {Threei} I missed that
[14:20] {Les} media, or multi media?
[14:20] {dino} he's an idiot
[14:20] {Threei} but well... sounds about right
[14:20] {Les} heard him bitching about ipods and playstations
[14:20] {RonS} ...that was so last week...
[14:20] {Les} haha
[14:21] {Les} I obviously don't keep up with the guru's teachings
[14:21] {RonS} ... the guy really is just a Chicago thug...
[14:22] {Threei} I wanted to object, just because I always do... but then realized I have no single argument
[14:22] {RonS} ...is tough to find one unless you are part of the choir...
[14:29] {RonS} stopped jef -.10
[14:32] {ese} noooooo....i've been on the phone most of the morning....so just watching
[14:32] {Threei} didn't think you were so chatty ese
[14:32] {ese} bad time of the year for high school teachers.......way to busy..
[14:33] {ese} only time i can relax is at your shiskabob barbecue in the summer
[14:33] {Threei} soon
[14:34] {shorty} Can't wait to crash that party ese.
[14:34] {ese} no schedules/concerts/talking to booking agents etc etc etc to worry about
[14:34] {Threei} you'll have to pass dp test shorty
[14:34] {shorty} :O I can't fight.
[14:34] {Threei} 3 glasses of vodka in 30 min, 200 g each
[14:34] {ese} it's a don't miss shorty.......vad is genius with shiskabob
[14:34] {shorty} I tried it once, and it was bad.
[14:35] {Les} party at Vad's? How do I crash that?
[14:35] {ese} douse his with vodka if you like ....but it's not necessary
[14:35] {shorty} Buy a plane ticket to Vancouver, then get on a kayak a paddle to Victoria.
[14:36] {ese} could be the whole board there this time vad
[14:36] {Threei} I am not coming then
[14:36] {shorty} Just leave the fridge full of food Theei.
[14:37] {Threei} but ese.. patience will have a lot of stories from her trip
[14:37] {shorty} Out + 20 .49 BWLD Thank you dino
[14:37] {ese} ahhhhhhh yes.......and slike show to boot maybe
[14:37] {ese} slide
[14:38] {dino} gj shorty
[14:38] {shorty} Thanks to you. :)
[14:39] {shorty} If I do that Threei, I would die. 3 glasses 200 g 30 min.
[14:40] {dino} how many oz. are 200 g
[14:40] {Threei} almost 7
[14:40] {Les} out .45 +.15 ty dino
[14:40] {dino} hmmmm, now if it was tequilla, no problem mon
[14:40] {shorty} 7 ounces.
[14:41] {dino} drank quite a bit absolut citron at neighbors sat. night
[14:41] {Les} that's half a bottle of whisky. Is dp really alive or just a trading algorithm?
[14:41] {Les} nice spike blwd
[14:42] {Les} bwld
[14:42] {shorty} Got to go everyone. Thanks everyone.
[14:42] {dino} yeah, got lucky
[14:42] {Les} ciao
[14:42] {dino} cua shorty
[14:42] {Threei} take care shorty
[14:43] {Threei} Les that depends
[14:43] {Threei} when he is sober, he is just a trading algorithm
[14:43] {Threei} but when you pour third glasss for him, he comes really aloive
[14:43] {dptl} lol
[14:43] {Les} hmmm I imagine Ford and GM would be interested to study him...
[14:44] {Threei} they are
[14:44] {Les} seems dp runs well on biofuel
[14:44] {Threei} but they can't catch him sober
[14:44] {dino} lol
[14:45] {Les} Nemo, you here?
[14:45] {Threei} and if you think this bunch gathering every year for the party at my backyard was not weird enough get this:
[14:45] {Threei} ese takes his coffee via hypodermic needle
[14:46] {Les} sure that's not cocaine mixed in with it?
[14:49] {dino} fire l .44
[14:50] {Threei} (US) US Senator Durbin (D): Will provide an amendment to the credit card interchange fee legislation this week
[14:50] {Threei} - Note: US Senator Leahy (D-VT) proposed backing legislation that would curb interchange fees to limit the ability of credit card industry to charge merchants small fees on each transaction.
[14:50] {Threei} only large fees will be allowed I take it?
[14:55] {Threei} quite amazing... Euro lost almost all its gain
[14:55] {Threei} wolfpack just won't let go eh?
[14:57] {dino} bwld stop to .65
[14:57] {dino} "the wolf is always at the door" don henley
[14:58] {dino} to .70
[14:58] {strider} When I awoke, the dire wolf, 600 lbs. of sin...was standing at my window, all I said was 'come on in.' --the Dead
[14:59] {dino} out bwld +.45
[15:01] {Threei} I am impresed with trades today
[15:01] {Threei} you guys kill it
[15:02] {dino} ahh yes, "live in sin, c'mon in"
[15:02] {dino} 3i, just started "the stand" by king
[15:02] {Threei} that's a big book
[15:02] {Threei} but what's our hurry
[15:03] {Threei} dark towers were even bigger and you chewed your way through them :)
[15:04] {dino} that took months
[15:04] {dino} friend of mine said "it' was a good read too
[15:05] {Threei} yup
[15:05] {Threei} actually almost all by him is good, he is very consistent
[15:05] {Les} damn brought back memories of high school. Always reading sci-fi/fantasy during school time
[15:05] {Threei} I could name probably just couple not up to par
[15:06] {Les} I am trying to remember my preferred sci-fantasy, along lines of dark tower
[15:07] {Threei} end of day should bring some direction finally
[15:08] {Les} here it is:
[15:08] {Les} http://www.amazon.co.uk/Wolf-Shadow-Jon-Shannow-Novel/dp/1857237889/ref=sr_1_1?ie=UTF8&s=books&qid=1273518488&sr=1-1
[15:08] {Les} loved this series
[15:09] {Les} must be twenty years now since I read it...
[15:10] {dino} john jakes north and south trilogy was good read
[15:17] {Les} stopped fire -.05. can't borrow
[15:21] {dino} lod stop for me
[15:28] {dino} bwld drop
[15:28] {Threei} 79% Worry Europes Economic Crisis Will Cause Problems for U.S.
[15:28] {Threei} duh
[15:29] {Les} l cs .91 stop lod
[15:37] {dino} out pire -.14
[15:38] {dino} gotaa hop, son's baseball
[15:38] {RonS} cya dino
[15:38] {Les} ciao
[15:38] {Threei} take care dino
[15:39] {dino} thx
[15:45] {dptl} good evening all
[15:45] {Les} ciao dp
[15:47] {Threei} take care dp
[15:47] {Threei} not much movemetn at the end of day
[15:47] {Les} out CS +.15 cutting it a bit close
[15:47] {Les} c u's tomorrow
[15:47] {Threei} okay guys, thank you all, have a good evening
[15:47] {Threei} see you tomnorrow
[15:48] {nemo} c u

May 04 2010

The best day in a while, as market showed a lot of activity presenting plenty of opportunities on both sides. Longs on BP, GS, LVS, MGM, WFC, shorts on LVS and MGM, majority of plays were failry sized and just one 12 cents stop on half lot.

Session Time: Tue May 04 00:00:00 2010

[04:43] {KSystems} good morning

[07:53] {strider} Raven, you're friend's trying join you.

[07:53] {strider} your

[07:54] {Raven} lol ... I know ... I'm fiddling around with MIRC

[08:01] {magoo} morning

[08:08] {KSystems} hey

[08:37] {strider} .

06[08:38] * Les slaps strider around a bit with a large trout

[08:39] {Les} Conan strikes!

06[08:39] * Les slaps magoo around a bit with a large trout

06[08:39] * Les slaps nemo around a bit with a large trout

[08:39] {Threei} 08:08 [QCOR] FDA staff note their concern over ability to draw valid conclusions from data supplied by QCOR on trials of Acthar Gel in treating infantile spasms

06[08:39] * Les slaps Threei around a bit with a large trout

[08:39] {Les} I feel the barbarian coming out in me

[08:39] {magoo} who taught him that? lol

[08:39] {Threei} more importantly, who hid his medications?

[08:40] {Threei} BP and RIG are happy

[08:40] {Les} thinking of Governor Schwarzenegger and to be young and virile again

[08:41] {strider} s BP .92

[08:42] {Les} John Lee reported overnight hold on BP. had the opportunity to enter at 50 after hours

[08:42] {Les} then I thought naaaaaaaaaaaah

[08:43] {Les} don't need televised mass death of animals overnight to sink BP another 10 points

[08:43] {Les} I want the moolah, but understand the risk now

[08:43] {Les} well, sometimes I understand the risk

[08:43] {Les} I'll shut up now

[08:44] {Threei} don't worry... when you forget about it it won't take market long to refresh your memory

[08:44] {strider} out .81

[08:58] {Threei} BP Spokesperson confirms one dome has been fully constucted and is being transported to the spill site in the Gulf (50.19, 0.00, 0.00%)

[08:59] {Threei} - reminder: yesterday a company spokesperson said it could have the first dome in place within a week and second one deployed within two weeks.

[09:01] {Threei} keeping an eye on ABK

[09:01] {Threei} EUR/USD Hits fresh one-month lows on speculation ECB might ease

[09:01] {Threei} wow, they still have room to ease?

[09:02] {RonS} gm all :) NTRI 12.9 mil sh short, 45.7% float

[09:02] {Threei} ron :)

[09:03] {Threei} ABK if you remember rallied yesterday on news that it met requirements to remain listed

[09:03] {Threei} gapped donw to support I wanted for entry on pullbackl

[09:03] {Les} so crap really can fly... we gonna help lift its wings? :)

[09:04] {Threei} well, with stop under .50

[09:04] {Les} trigger is .60?

[09:04] {RonS} IPXL

[09:04] {Threei} we may try to profit from its flapping

[09:05] {Threei} no, I actually meant this very level that I targeted yesterday, .55 - .56

[09:05] {Threei} it's a small thick stock, scalp type I

[09:05] {Threei} .60 could be a bit too far from sup;port'

[09:06] {Threei} STEM Reports Q1 -$0.05 v -$0.10, R$230K v R$57K y/y

[09:06] {Threei} nice revenue

[09:06] {Threei} lol

[09:07] {Threei} IPXL

[09:07] {Threei} 7:00:34 AM

[09:07] {Threei} Impax Laboratories Reports Q1 $2.06 v $0.49e, R$323M v $163Me

[09:07] {Threei} - Revenues increased primarily due to strong sales of generic Flomax, generic Adderall XR, and to a lesser extent, increased sales of the Companys fenofibrate products.

[09:07] {RonS} ...isn't Flomax for allegies...just for Les...

[09:08] {RonS} allegies=allergies

[09:08] {Les} i'm doped up enough thanks

[09:08] {RonS} ...wish nemo were here to handle that one...

[09:09] {Les} he's a dope

[09:09] {Threei} nemo can't believe the ruichness of opportrunities

[09:09] {dptl} good morning

[09:09] {Threei} dp :)

[09:12] {Les} fcx crash premarket

[09:12] {fernp} Good morning everybody

[09:13] {Threei} fern :)

[09:13] {shorty} Good morning

[09:13] {Threei} shorty :)

[09:15] {strider} morning folken

[09:15] {Threei} strider :)

[09:16] {strider} Is nemo here in name only?

[09:16] {ese} morning

[09:16] {Threei} US) Preview: Treasury Sec Geithner to testify before the Senate Finance Committee at 10:00ET

[09:16] {Threei} - the topic is the proposed fees for financial institutions

[09:16] {Threei} ese :)

[09:16] {nemo} dude

[09:17] {RonS} Euro at 1.3065...reports that major s/l's at 1.300 and could be a target for a downside break in order to trigger...

[09:20] {Threei} larisa :)

[09:21] {larisa} gm :)

[09:22] {ese} dude

[09:23] {magoo} OSTK halted..very good earnings

[09:23] {Threei} OSTK Reports Q1 $0.16 v -$0.17 y/y, Rev $246.3M v $185.7M y/y

[09:23] {Threei} - Gross margin: 17.9% vs. 19.5%

[09:25] {RonS} ostk 3.4 mil sh short, 21.8% float

[09:26] {RonS} ostk...w/ the gm decline kinda hard to tell which way it will go...

[09:28] {Threei} major question is: will the gap down be bought once again, or do we finally break down

[09:28] {magoo} i am clueless

[09:29] {Threei} so am I

[09:29] {Threei} really feels like time to disappoint permabulls

[09:29] {dino} gm all

[09:29] {dino} buy the dips until it fails imo

[09:29] {jfjf64} mornin

[09:29] {dino} we are a week early imo

[09:29] {Threei} dino, jf :)

[09:30] {dino} week before exp is the bigger down week

[09:33] {Threei} Long Setup: BP .46 break half lot

[09:33] {Threei} if stays above .35

[09:33] {shorty} missed it

[09:33] {Threei} 1:2

[09:34] {Threei} or whatever

[09:34] {Threei} who got it get out

[09:34] {shorty} lol

[09:34] {Threei} I can't count that fast :)

[09:34] {magoo} in out

[09:34] {magoo} .46 - .77 TY

[09:34] {shorty} Nice one

[09:34] {Threei} wtg

[09:34] {magoo} 2k

[09:35] {magoo} by accident

[09:35] {Threei} that's your half lot?

[09:35] {magoo} NO

[09:35] {Threei} lol

[09:35] {magoo} went for it..tried canx, went again and double fill

[09:36] {Threei} watching LVS

[09:37] {magoo} ostk resumes . 9:50

[09:38] {Threei} Long Setup: LVS .90 break if holding .80

[09:38] {magoo} ugly futes here

[09:38] {magoo} GS spike

[09:39] {Threei} {futes} you... you... (sniff)

[09:39] {Threei} LVS turns into recross play

[09:39] {Threei} .80

[09:40] {Threei} over 1:1

[09:40] {Threei} Long Setup: BP .50 half lot

[09:40] {nemo} ntri

[09:40] {Threei} if holding .40

[09:40] {dino} sm l bwld .00

[09:41] {magoo} crazy NTRI

[09:41] {Threei} no go this time

[09:41] {magoo} packed with shorts

[09:42] {Threei} nice earnbings, couple upgrades

[09:42] {Threei} argh

[09:42] {shorty} rinsed

[09:42] {Threei} BP rinse

[09:42] {Threei} overtightened stop

[09:43] {Threei} anyone did ABK scalp earlier btw?

[09:43] {Threei} clean type I, .55 - .61

[09:44] {Threei} US) Preview: March Pending Home Sales due out at 10:00ET

[09:44] {Threei} **consensus expectations: M/M: 5.0%e v 8,.2% prior; Y/Y: 19.5%e v 17.3% prior

[09:44] {Threei} 09:43 (US) Preview: March Factory Orders due out at 10:00ET

[09:44] {Threei} **consensus expectation: 0.0%e v 0.6% prior

[09:44] {magoo} lord vader look FCX

[09:45] {dino} fcx odd as rtp up

[09:45] {Threei} not ready yet, IMO

[09:45] {dino} elx l .70

[09:45] {nemo} fcx 69.76

[09:45] {magoo} down 169

[09:45] {magoo} WOW

[09:47] {Threei} Long Setup: MGM .85 break

[09:47] {Threei} stop for scalpers under .80, day traders .75

[09:47] {nemo} blew by

[09:48] {Threei} second chasnce

[09:49] {dino} fcx sm l .30 wide

[09:49] {dino} rtp moving up

[09:49] {Threei} 1:1 for scalpers

[09:50] {magoo} OSTK indicated HIGHER

[09:50] {shorty} Took 1:1

[09:50] {shorty} ty

[09:50] {Threei} yw

[09:50] {Threei} +5.40 OSTK

[09:50] {Threei} lol

[09:50] {Threei} CEO doesn't complain about shorts anymore I guess

[09:52] {Threei} AKRX...

[09:53] {shorty} AKRX, one of the few green ones

[09:55] {Les} gdx up but slw lagging. normally a strong stock

[09:56] {Les} might be reversal indicator, or it is simply lagging

[09:57] {ese} was just looking at that one vad

[09:57] {dino} out bwld .60,.60

[09:58] {Threei} market bounce time it seems

[09:59] {strider} out MGM +.06

[09:59] {magoo} where the RIG bounce vad?

[09:59] {Threei} let's live through numbers at 10

[09:59] {dino} bwld was +.60

[10:00] {dino} ed's are dead again

[10:00] {Threei} then see what shapes up

[10:00] {Les} l kgc .76 stop .70

[10:00] {Threei} US) MARCH FACTORY ORDERS: 1.3% V 0.0%E

[10:00] {Threei} US) MARCH PENDING HOME SALES M/M: 5.3% V 5.0%E; Y/Y: 23.5% V 19.5%E

[10:01] {Les} rinse

[10:01] {Threei} prior M/M revised higher from 8.2% to 8.3

[10:01] {Threei} - prior Y/Y revised higher from 17.3% to 17.4%

[10:01] {Threei} (US) Treasury Sec Geithner: Bank tax would raise $90B over ten years and also discourage risky behavior - Congressional testimony

[10:01] {Threei} - TARP will cost a fraction of initial estimates

[10:01] {Threei} imbecile

[10:02] {Les} there's gotta be someone out there that still believes him

[10:03] {Threei} Long Setup: WFC .75 break

[10:03] {Threei} invalidated

[10:04] {Threei} not off the radar though

[10:04] {Threei} there is something about it...

[10:04] {dino} qcom .65 sm l

[10:04] {Les} pump before the dump?

[10:05] {Les} looks like slw was on the money

[10:05] {Les} miners going down

[10:05] {strider} that's what miners do.

[10:06] {Threei} rofl

[10:06] {ese} beezzare mrkt.......nothing untoward going on out there....but!!!!

[10:06] {magoo} NLY

[10:06] {magoo} NLY

[10:06] {Les} oh piss off sti

[10:06] {Les} :P

[10:07] {strider} long QCOM .57

[10:07] {Threei} US) Fed's Bullard: No impact would be expected if the Fed decided to start selling MBS this year

[10:07] {Threei} no news yet NLY

[10:08] {ese} how does a stock like NTRI get up $3.00 and change on a day like this....up 20% sheesh

[10:08] {nemo} very high short interest

[10:08] {ese} ahhhhhhhhh

[10:09] {ese} good point

[10:09] {fernp} VXX , Vad?

[10:10] {Threei} it was very rtought one to play lately fern

[10:10] {Threei} tough

[10:10] {fernp} ok

[10:10] {Threei} it does molve as it it should in general,

[10:10] {Threei} but rinses left and right

[10:11] {Threei} have a look

[10:11] {fernp} yeah

[10:12] {Threei} if that's not an ultimate definition of 'I will shake you out no matter which side you take"...

[10:12] {fernp} BRCM also interestin

[10:12] {fernp} 34 breakdown

[10:12] {Threei} WFC, so far hectic a bit

[10:13] {Threei} but still

[10:13] {Threei} something about it intrigues me

[10:13] {Threei} .75 break still looks very interesting

[10:13] {Threei} and heck, look at its daily

[10:14] {Threei} a bit more consolidation to establish closer stop would be nice

[10:14] {Threei} so far it's .65

[10:15] {nemo} it's right up against 200 ma

[10:15] {ese} Lakrx .57

[10:15] {strider} stop QCOM .50

[10:16] {Threei} WFC is ready... any help by market and it will rocket

[10:16] {magoo} in

[10:16] {magoo} '

[10:16] {magoo} .74

[10:17] {shorty} .76

[10:17] {Threei} not a scalp for me

[10:17] {Les} mags, nly

[10:17] {magoo} NO

[10:17] {magoo} too risky

[10:18] {Threei} SP) Spain PM Zapatero: Spain and Portugal will maintain solvency, there is no reason for markets to attack Spain as its debt is below European levels

[10:19] {Threei} {markets} we will see about that...

[10:19] {Threei} 1:1 WFC

[10:19] {Threei} half out .88

[10:19] {shorty} out .88 ty

[10:19] {ese} out .55 -.02 it ain't goin anywhere

[10:19] {Threei} offer 1/4 .98

[10:20] {shorty} That was nice trade Threei.

[10:20] {magoo} out .91 TY 2k

[10:20] {ese} thought maybe a bounc but nahhhh

[10:20] {Threei} yw

[10:20] {strider} out +.12 +.17

[10:20] {Threei} had very strong intuition aboput it

[10:20] {shorty} Your on fire today magoo

[10:21] {Threei} [10:04] {Threei} there is something about it...

[10:21] {magoo} everyday:)

[10:21] {shorty} Don't hurt your shoulder Threei..:D

[10:21] {Threei} too late

[10:21] {Threei} it's permanently dislocated

[10:21] {shorty} Seriously, nice call.

[10:21] {shorty} lol

[10:22] {dino} exbd

[10:26] {magoo} poor pvt york

[10:26] {RonS} ...gary cooper...

[10:26] {Les} wasn't it the duke of york?

[10:27] {Les} who had 10'000 men...

[10:27] {Threei} uh oh

[10:27] {Threei} SP) Spain PM Zapatero: rumors of Spain seeking bailout is "complete madness"

[10:27] {Threei} - financial markets need restructuring

[10:27] {Threei} we do know what it means eh?

[10:28] {Les} denial is alive and kicking in the world

[10:30] {Threei} so far very nice day shapes up

[10:30] {Threei} let's step back for a few min and reevaluate

[10:30] {nemo} quite the battle in the .50 area for qcom

[10:30] {Threei} don't want to get cocky and spoil it

[10:31] {_york1} gm all

[10:31] {magoo} hello york

[10:31] {Les} hey york. vad let you in finally...

[10:31] {nemo} is he a terrier?

[10:31] {Threei} hi york

[10:32] {Les} you talking to me?

[10:32] {shorty} Hello yourk1

[10:32] {dino} intc gap fill from earnings

[10:32] {shorty} york...sorry

[10:32] {Threei} COIN

[10:32] {Threei} Coverted Organics Selected by Whole Foods for certain products

[10:32] {Threei} - the number of Whole Foods Marketstores offering its line of all-natural, organic fertilizers has increased from 18 stores in 2009 to 84 stores in 2010, with the Company's all-natural fertilizer products now available in two new Whole Foods Market areas, the North Atlantic and Mid-Atlantic regions.

06[10:32] * magoo slaps nemo around a bit with a large trout

[10:33] {_york1} do you have sound here?

[10:33] {Threei} no

[10:33] {Les} lol heaven forbid

[10:34] {nemo} the horrors to have to listen to Les

[10:34] {Les} hehehe

[10:34] {dino} lol

[10:34] {Threei} COIN... this thing rarely holds its gains

[10:34] {shorty} See you guys in a bit. Taking my kid to school.

[10:35] {Threei} maybe a scalp type I on pullback into support

[10:35] {Threei} we will be here shorty

[10:35] {Threei} today is different so far

[10:36] {Threei} bounces are pitiful

[10:36] {nemo} below 11k

[10:36] {Threei} selling overcomes enthusiasm

[10:36] {Threei} good

[10:36] {Threei} it was long due

[10:37] {Les} FIRE got some under its butt

[10:38] {Les} COIN can't borrow

[10:39] {Threei} Short Setup: MGM .75 break

[10:40] {Threei} stop above .85

[10:42] {magoo} WFC vad

[10:42] {Threei} not sure about it mags

[10:42] {Threei} no clean read

[10:43] {Threei} first play on it was pure, textbook kind

[10:49] {Threei} stay patient guys, this is very unclear moment

[10:49] {Threei} normally, buyers would have stepped up big time here

[10:50] {Threei} but market has all the marking of serious trend reversal now

[10:50] {Threei} and creatures of habit are not that confident

[10:50] {fernp} still valid MGM, Vad?

[10:50] {Threei} sure

[10:51] {fernp} ty

[10:54] {Threei} LVS is a tempting short too

[10:55] {Threei} Short Setup: LVS .25 if stays below .35

[10:55] {dino} itmn gap fill fast drop

[11:00] {Threei} die LVS

[11:02] {Threei} let's trail stop to above .30 now

[11:03] {Threei} LVS 1:1

[11:03] {Threei} cover half

[11:03] {Threei} scalpers know what to do

[11:04] {Les} cover kgc +.33

[11:04] {Threei} MGM, trail stop to above .80

[11:04] {magoo} red 257...man-0-man

[11:04] {Threei} told ya today felt very different

[11:04] {magoo} WHEN?

[11:04] {Threei} today

[11:04] {magoo} huh?

[11:04] {Threei} but would you listen?

[11:04] {Threei} noooo

[11:05] {Les} nly 16 b/d might be your thing mags

[11:05] {Les} cover half mgm.69

[11:06] {Threei} GS Reportedly NYSE disciplines a unit through cease and desist order (149.99, +0.49, 0.33%)

[11:06] {Threei} huh?

[11:06] {Threei} what does it mean?

[11:06] {Les} its shut down operations of a unit of GS i think

[11:07] {Les} maybe their black box :)

[11:07] {Threei} GS Reportedly NYSE disciplines a unit through cease and desist order for Execution & Clearing LP (GSEC)

[11:07] {Threei} - Goldman consents to SEC though not admitting or denying guilt

[11:07] {Threei} MGM 1:1

[11:07] {Threei} will pay civil penalty of $225K

[11:08] {RonS} ha!

[11:08] {magoo} was bumped, who?

[11:08] {Les} lunch money

[11:08] {Threei} does it mean they settle?

[11:08] {magoo} GS?

[11:09] {Threei} yeah

[11:09] {Threei} not very clear

[11:09] {Les} what. sec investigation is already finished?

[11:09] {Threei} volume spike was huge on GS

[11:10] {Threei} and 3 dollars move, lol

[11:10] {Threei} now market confused again

[11:10] {Threei} me too

[11:10] {Threei} - note: this settlement agreement is NOT related to the fraud suit filed by the SEC against Goldman.

[11:10] {Les} aaaah

[11:10] {Threei} what then?

[11:11] {magoo} look at tech goog 17 bidu 17 amzn 5

[11:12] {magoo} aapl 8

[11:12] {magoo} rimm 2

[11:15] {jfjf64} you better tk rest of day off vad

[11:15] {jfjf64} save some winners for tommorrow

[11:15] {Threei} why?

[11:15] {Threei} oh

[11:15] {Threei} lol

[11:16] {jfjf64} nice day

[11:16] {Threei} yeah, what did we have, 1 stop about 12 cents on half lot?

[11:16] {Threei} the rest worked like charm

[11:16] {jfjf64} charmming

[11:16] {magoo} OY

[11:16] {Threei} see? magoo doesn't find me charming

[11:17] {Threei} I am hurt

[11:17] {Threei} wait... no one else does, in fact

[11:18] {Threei} from market update:

[11:18] {larisa} look closer to you : wife, kids.. cat :)

[11:18] {Threei} - Fears of European debt contagion is the central issue this morning, with rumors and speculation heightening anxiety and prompting denials from European leaders. There was chatter that Spain was already asking for an aid package nearly twice as large as Greece's going around, ramping the risk aversion, smacking EUR/USD down to one-year lows just above 1.300 and sending the Portuguese and Spanish equity markets down 4-5% apiece.

[11:18] {Threei} thank you larisa, you are kind soul

[11:18] {Threei} they all tolerate me... cat, yes, cat likes me

[11:19] {larisa} see

[11:19] {shorty} Anything on the radar? My PC shut down.

[11:19] {Threei} I am bout the only one not taking away treats and letting walk on countertops

[11:19] {Threei} not right now shorty, need to let market digest latest move

[11:19] {nemo} clf

[11:19] {shorty} ty

[11:20] {larisa} RIMM was not readable bottom.. AMZN was readable, but did not take it, scary :)

[11:28] {Threei} 25% Have Favorable Opinion of Immigration Rights Protesters, 50% Unfavorable

[11:31] {Les} Gordon Brown was caught on mic calling one voter who questioned him about immigration a bigot

[11:31] {Les} Goodbye Gordon Brown

[11:32] {Threei} yeah

[11:32] {larisa} I want to bet we will end the day in green :)

[11:32] {Threei} well, to be fair he was toast before that too

[11:32] {Threei} it was just the last nail in the coffin

[11:33] {Threei} ok guys, most likely bounce time

[11:33] {Threei} but let's make it all discretionary,

[11:33] {Threei} easy money is made

[11:33] {Threei} so, what I suggest is:

[11:33] {Threei} if you like any play out of those I'll outline,

[11:33] {Threei} do them on decreased shares

[11:34] {Threei} and decide on the minimal amount you go home with

[11:34] {Threei} kind of trailing stop on your account, protecting profit

[11:35] {dino} qqqq l .40

[11:36] {Les} esi

[11:39] {ese} L qqqq .41

[11:39] {ese} with ya dino

[11:41] {ese} ahhhhh more .42 than .41

[11:41] {ese} .4176235

[11:46] {Threei} Long Setup: WFC .20 break

[11:46] {Threei} if stays above .15

[11:47] {Threei} 11:42:13 AM

[11:47] {Threei} Research in Motion Ltd Planning a Blackberry tablet product - Blackberry Leaks blog

[11:47] {Threei} - Blog post cites contact within RIMM. Contact claims the tablet will be smaller than iPad, codenamed "BlackPad."

[11:47] {Threei} - Tablet will feature full BlackBerry OS compatibility and functionality.

[11:47] {Threei} - Product reportedly to be released in early 2011.

[11:50] {Threei} WFC over 1;1

[11:50] {nemo} 1:1

[11:53] {Threei} AVNR Canaccord Adams adds to Best Ideas List (timing uncertain)

[12:07] {shorty} possible b/o for CIEN Threei?.46

[12:12] {Threei} I doubt it

[12:12] {Threei} market went into coma

[12:12] {shorty} It did

[12:24] {dino} b-day fast approaching

[12:24] {dino} qqqq stropped

[12:24] {ese} stopped as well

[12:25] {ese} nvda filling the gap

[12:25] {ese} this should bounce

[12:26] {ese} relentless selling today

[12:26] {dino} 14.20s

[12:28] {ese} Q is may 13th.......shaking out weak hands would imagine.....then up for the q

[12:29] {Threei} Long Setup: BP .50 break half lot

[12:29] {Threei} if stays above .40

[12:32] {Threei} over 1:1

[12:32] {Threei} can't believe how easy today is

[12:33] {magoo} u know u cursing us with that statemt

[12:33] {Les} half out .61

[12:33] {Threei} payback will come anyway

[12:33] {Threei} may just as well enjoy today

[12:33] {Threei} and do what I always do when payback comes: limit risk strioctly

[12:34] {Threei} sit out most of drawdown with smallest losses possible

[12:34] {Threei} and resume winning streak

[12:35] {Threei} the sheer ratio of winners today by itself is not surprizing,

[12:35] {Threei} wha is surprising:

[12:35] {Threei} it happens on a day of big change in the market mood

[12:35] {Threei} those days are usually losers for me

[12:35] {Threei} as I go through readjustment

[12:36] {Threei} this is a part of the process

[12:36] {magoo} sorry, what were u saying he he

[12:36] {Threei} I guess waitinf for the reversal for a long time tuned me in

[12:36] {Threei} never mind mags

[12:36] {Threei} I did use more than 3 words with more than 3 syllables

[12:36] {Threei} sorry

[12:36] {Threei} overstrained myself, too

[12:37] {magoo} well "accidentally" took 2k again he he

[12:37] {magoo} needed focus

[12:37] {Threei} lol

[12:37] {Threei} 1:2 BP

[12:37] {Threei} beautiful and not obvious setup at all

[12:37] {magoo} all out

[12:37] {magoo} .66

[12:37] {Threei} it was a bounce into resuistance

[12:38] {Threei} which normnally in such formation would be a short

[12:38] {nemo} support?

[12:38] {Threei} ?

[12:38] {nemo} oh, I see

[12:38] {nemo} yeah, why'd you think it long?

[12:39] {Threei} honestly or hindsight?

[12:39] {dino} intc l .49

[12:39] {dino} itt l .90

[12:41] {dino} rtp l .85

[12:41] {magoo} someone anticipating a bounce

[12:41] {Threei} who could that be

[12:42] {shorty} My cheq for Threei

[12:42] {dino} close -89 dji

[12:42] {Threei} IMF confirms no truth to rumors that Spain requested a bailout

[12:42] {dino} sounds familiar

[12:42] {Threei} very

[12:42] {larisa} I am still waiting on BP explanation threei :)

[12:43] {Threei} "we don't need to raise any more capital" comes to mind

[12:43] {dino} bp: imf confirms no request from bp too

[12:43] {Threei} which one larisa.. honest or constructed in hindsight? :)

[12:43] {Threei} ok, both

[12:43] {Threei} honest: strong gut feel

[12:43] {Threei} hindsight:

[12:44] {Threei} .50 was obviously important level around which BP danced a lot today from both sides,

[12:44] {Threei} it had to serve eaither as resistance to reject the bounce and lead to short

[12:44] {Threei} or resistance to be broken and lead to long,

[12:45] {larisa} it had perfect bullish divergence at .40. was surprised you saw that though :)

[12:45] {Threei} with this protracted market selling and pause, surprise was ready to present itself,

[12:45] {Threei} and with BP being in green (on of few sianlds of green in the sea of red),

[12:45] {Threei} I'd assume surprise was likely to be on a long side

[12:46] {Threei} sheesh... why would my clayroviance surprise you... :(

[12:46] {Threei} :((

[12:46] {Threei} give me a gun someone, life is not worth it anymore

[12:47] {Les} waiting till end of session please

[12:47] {larisa} you are too emotional today. it was not your kind of play, thats why

[12:47] {Threei} me? emotional?

[12:47] {Threei} lol

[12:47] {larisa} but gut feel explains it :)

[12:48] {dino} as i always say, trust the gut

[12:49] {Threei} but fill it with beer first

[12:49] {larisa} some people just do not have it :)

[12:49] {Threei} dino, she just called us fatties

[12:52] {dino} been called worse

[12:52] {larisa} lol

[12:53] {Threei} well, but she also called me emotional on top of that

[12:53] {dino} that i have never been called, unemotional, sure

[12:54] {Threei} caught me off guard too... all I heard before was rather "don't you feel anything at all??"

[12:54] {dino} roflol

[12:54] {dino} or "what are you thinking"

[12:55] {Threei} yeah, that's a puzzling one considering that I disclose total absence of thinking in advance

[12:55] {Threei} abhorrence even

[13:02] {Threei} ITMN Halted: News pending

[13:02] {Threei} - Note: ITMN is expected to have an announcement from the FDA on Pirfenidone for Idiopathic Pulmonary Fibrosis

[13:02] {Threei} - Reminder: on 03/09 FDA Panel recommends approval for Pirfenidone for Idiopathic Pulmonary Fibrosis in 9-3 vote. Panel votes 9-3 that Pirfenidone can be considered safe. Panel votes 7-5 that data is sufficient showing Pirfenidone is effective.

[13:03] {Les} dino, what do you make of FIRE? breakout material?

[13:05] {Threei} multiple arrests in Pakistan connected to Times Square bombing attempt

[13:05] {Threei} why do I not feel reassured by speedy arrests

[13:06] {Threei} second time in a short while attack fails solely because of incompetence of would-be bombers

[13:06] {Les} yeh... living on borrowed time

[13:06] {Threei} exactly

[13:06] {Threei} pure luck

[13:07] {Threei} both Christmas plane and this NY car bomb were totally successful as far as sneaking by authorities goes

[13:07] {Threei} by security rather

[13:11] {Les} ty dino. your long entries led me to esi long. out +.34

[13:12] {Les} time to make dinner

06[13:12] * Threei slaps Les around a bit with a large roll of cash

[13:19] {nemo} yeah, only reason they caught him was the airline called the feds because I guy just bought a ticket with cash and no luggage

[13:20] {Les} vad, what do you make of fire? looks like ascending triangle to me.

[13:20] {nemo} Actually, the gate had already been retracted from the plane

[13:23] {dino} i like fire long

[13:26] {Threei} dunno, i don't see any play at all on it

[13:28] {Les} me too, just lacking a bit of volume

[13:31] {magoo} dip buyers are upon us

[13:34] {strider} You gusy playing with fire, I see.

[13:34] {strider} guys

[13:35] {_york1} are you on lunch break?

[13:35] {Threei} who?

[13:35] {nemo} coma

[13:35] {_york1} funny

[13:36] {strider} Vad's always on lunch break.

[13:36] {nemo} vodka break

[13:36] {Threei} just inactive market, we are waiting it out

[13:36] {strider} Or, as we say, out to lunch.

[13:37] {_york1} How many trades do you take on average per day?

[13:38] {nemo} 6

[13:38] {Threei} depends on market activity

[13:38] {Threei} anywhere from 3-5 to 15-20

[13:38] {_york1} thanks

[13:39] {_york1} Threei..... is that Val?

[13:39] {Les} that's his female alter ego

[13:39] {Threei} Vad rather

[13:39] {_york1} sorry

[13:39] {Threei} yourk, could you please change to black?

[13:40] {Threei} colors are for alerts, less confusion

[13:40] {_york1} no problem, understand

[13:40] {strider} coming in black here.

[13:40] {Threei} ty

[13:41] {Threei} strider... you really need to get to 21st century, those B&W monitors are a bit outdated

[13:41] {strider} b&W? no way. I;ve got 64 shades of grey.

[13:42] {_york1} Vad, saw the interview on website, very impressing to me

[13:42] {Threei} thank you

[13:42] {shorty} I trade off of my commodore 64.

[13:42] {strider} You trade on the john?

[13:43] {nemo} oh jeez

[13:43] {nemo} that's a stretch...you must be bored strider

[13:43] {Les} ah you're a German york?

[13:43] {strider} I knew you'd get it.

[13:44] {strider} Mr. potty humour.

[13:44] {_york1} yes how did you know?

[13:44] {nemo} noch ein Deutscher...

[13:44] {Threei} quite a few europians

[13:45] {nemo} can you make potty humor out of that strider?

06[13:45] * Threei slaps KSystems around a bit with a large map of Germany

[13:45] {shorty} Great, I am french and surrounded by Germans again!

[13:45] {strider} sure. and you know how.

[13:45] {nemo} you're name maginot shorty?

06[13:45] * Threei slaps Les around a bit with a large map of Switzerland

[13:45] {shorty} lol

[13:45] {nemo} yea Your a pean

[13:45] {Threei} who let fern out?

[13:46] {nemo} your name

[13:46] {Threei} I have a map of Spain to slap him with

06[13:46] * Threei slaps jfjf64 around a bit with a large map of Italy

06[13:47] * Threei slaps nemo around a bit with a large Antarctica

[13:47] {nemo} crissakes, never been hit by a continent before

[13:47] {Les} cause york is a perfectly good German name :)

[13:48] {nemo} Greek

[13:48] {ese} L nvda .65

[13:48] {ese} scalping big time

[13:50] {strider} BP is in denial. Also in de gulf.

[13:50] {ese} out 15k .70 +.05

[13:50] {strider} spike

[13:50] {ese} balance to break even

[13:50] {dino} too

[13:51] {shorty} 15k! Nice

[13:51] {dino} too fast]

[13:51] {Threei} ese is back in the saddle

[13:52] {shorty} c/h forming on CIEN THreei?

[13:52] {dino} \out fire +.25 ty les

[13:52] {ese} out remaining 10k .72

[13:52] {ese} +.07

[13:52] {shorty} ese, that awesome

[13:52] {Threei} can't tell really shorty

[13:52] {shorty} is

[13:52] {shorty} ty THreei

06[13:53] * Threei slaps ese around a bit with a large roll of cash wrapped in a map of Vancouver Island

[13:53] {ese} haven't done much of that lately........

[13:53] {ese} could smell that one though

[13:54] {ese} but thats what i need for today because i have to go and teach choir....see you tomorrow

[13:54] {shorty} Bye ese

[13:54] {Threei} take care ese

[13:54] {ese} cya

[13:56] {dino} cya and gj es

[13:59] {Threei} PSID Hearing vague rumour company may receive large contract for glucose breath testing device (timing uncertain) (1.52, +0.10, 7.04%)

[13:59] {Les} out fire +.14 missed the top

[13:59] {dino} magoo could use a breath testing device

[14:00] {Les} hmmm. is that his secret?

[14:01] {dino} out intc +.12

[14:13] {Les} AMZN still on the floor here. might by picking itself up now

[14:15] {strider} Does this strike you all as funny?

[14:16] {strider} : For investors, eBay's a better bet than Amazon.com, WSJ says

[14:16] {strider} Investors weighing Amazon.com (AMZN) and eBay (EBAY) may be better off with eBay, according to the Wall Street Journal's "Heard on the Street." While shoppers may prefer Amazon's bargains, investors are attracted to the growing success of eBay's PayPal system

[14:16] {Threei} huh?

[14:16] {strider} IOW, consumers like AMZN.

[14:16] {strider} But investors should buy something else?

[14:16] {Threei} apples to oranges

[14:17] {Threei} different set of customers, different purposes, dfifferent business model

[14:17] {Les} my Murdoch has invested in ebay?

[14:17] {Threei} overlapping in some areas, sure

[14:18] {Threei} but INTC and GILD customers overlap too, both groups use tilet paper

[14:18] {RonS} 3i, bp on a 51.30 break w/ mkt help?

[14:18] {strider} God, you mean I might have something in common with nemo?

[14:18] {Threei} so rry strider

[14:19] {Threei} such is reality

[14:19] {RonS} ...corn cobs...

[14:19] {Threei} Ron, it's too far from there to say anything definite

[14:19] {nemo} 51.30?

[14:19] {Threei} see, the major consideration is:

[14:19] {dino} itt stopped -.35

[14:19] {Threei} HOW it gets there

[14:19] {RonS} bp's yesterday's hod...

[14:19] {Threei} while that resistance is meaningful by itself,

[14:19] {Threei} consider two cases:

[14:19] {shorty} Pullback entry for VVUS Threei?

[14:20] {Threei} A: BP spikes sharply from current price into .30

[14:20] {Threei} B BP crawls up slowly, consolidates under .30, then breaks

[14:20] {Threei} which case is a valid breakout and which is trap?

[14:20] {RonS} b

[14:20] {RonS} a

[14:21] {Threei} there you go

[14:21] {RonS} ...guess i am learning something...

[14:21] {Threei} shorty, as an idea yes, as this particular level - no

[14:22] {shorty} What would you look for?

[14:22] {Threei} not sure yet

[14:24] {RonS} ...man, someone is defending euro 1.310...

[14:25] {RonS} ...would love to see a 1.30 break so we could get a washout and reverse...

[14:26] {Threei} euro is so toast...

[14:26] {Threei} they can band-aid it for years, but eventual result will be the same

[14:28] {RonS} 1.310 should be 1.3010

[14:34] {Les} vad, bounce hunt for AMZN?

[14:34] {Threei} GS Fairholme reportedly discloses large stake in Goldman Sachs (151.79, +2.29, 1.53%)

[14:34] {Threei} surefire way to spoil your day Les

[14:35] {Les} :O

[14:35] {Threei} seriously... want to try it on paper?

[14:35] {Threei} it's a widowmaker today

[14:37] {magoo} les, u need to recognize the EASIER p[lays

[14:38] {Les} aapl?

[14:38] {Threei} lol

[14:38] {Les} ;)

[14:38] {magoo} NO..but maybe GS HE HE

[14:38] {Threei} or AMZN short on .50 break

[14:41] {Threei} what else is easy out there

[14:41] {Threei} oh, GOOG

[14:41] {nemo} bidu

[14:41] {Les} IN

[14:43] {Threei} did you pick the direction or closed your eyes and clicked?

[14:44] {Threei} US) Senator Leahy (D-VT) plans to back pending legislation that would curb credit card companies' "swipe fees"

[14:44] {RonS} toilet paper again?

[14:44] {Threei} so, Leahy thinks cradit card companies should provide service for free?

[14:44] {Les} I actually wanted long, based on behaviour of stock at 14:08

[14:45] {Threei} - Bill would limit the ability of credit card industry to charge merchants small fees on each transaction.

[14:45] {Threei} - The fees bring the credit card industry $40B a year in revenue.

[14:45] {Les} see bear trap before bounce at 14:10?

[14:45] {RonS} ...he thinks only Congress shoudl get a fee for swiping...our money.

[14:46] {Threei} Les, I think with spread over a dollar you can find ant kind of plays even when the stock doesn't move at all, LOL

[14:46] {RonS} clf lod

[14:46] {Les} alright alright

[14:46] {nemo} fas too

[14:47] {Les} vad, MGM read here?

[14:48] {Threei} unless market makes a really significant move, it's pretty much done

[14:48] {Les} done for, or done going down?

[14:49] {Threei} done moving

[14:49] {Threei} any direction

[14:49] {Les} ok

[14:51] {shorty} Any read on UAUA?

[14:52] {Threei} .50 break was valid short setup... nothing here,

[14:52] {Threei} and I am hesitant to touch it at all

[14:52] {Threei} because of merger situation

[14:52] {shorty} ty

[14:53] {Threei} GS

[14:53] {Threei} 151 break

[14:55] {RonS} euro broke 130...

[14:55] {Threei} EUR/USD Breaks the 1.3000 level for first time since April 2009

[14:59] {_york1} to stupid to login

[15:00] {Threei} hey, I have a feeling tou'll fit right in

[15:01] {Threei} we discourage any brain work whatsoever

[15:01] {Les} hehehe took the words right out of my mouth

[15:01] {nemo} sure that wasn't your foot les?

[15:01] {Les} hahhahahhahahahaha

[15:01] {Les} good one

[15:01] {shorty} lol

[15:02] {Threei} people who can spell words longer than 3 syllables... what are they good for

[15:02] {nemo} spelling words longer than 3 syllables

[15:02] {Threei} well, other than to spell words longer than 3 syllables

[15:02] {Threei} lol nemo

[15:06] {Les} amzn 129

[15:09] {Threei} Hearing Sanford Bernstein making positive comments on offshore drilling (timing uncertain)

[15:09] {Threei} - Discloses this is positive for for NE, PDE, RDC, ESV; Adds that BP and APC are oversold and would be buyers

[15:09] {strider} BP, huh. OK, 3i, you start.

[15:09] {Threei} well

[15:10] {Threei} I too think it's oversold

[15:10] {larisa} turtles, fish and shrimps do not agree

[15:10] {strider} And i likes me shrimp.

[15:11] {Les} well 'eat em and die' is the new motto

[15:11] {Les} consumers of scottish farmed salmon are on notice that more than 3 serves a year increases cancer risk significantly

[15:11] {Les} guess you guys are gonna have to live with it too

[15:12] {strider} Ah, a little texas tea is good for you.

[15:12] {Les} like a hole in the head

[15:13] {dino} hmmm, i was thinking hard lemonade

[15:17] {Threei} why does it matter how advisers kept persident "abreast" of search and how many times he was briefed yestyerday before the arrest?

[15:18] {Threei} news reporters can be so stupid sometimes

[15:18] {nemo} Iain Anderson raises salmon in Scotland

[15:18] {Les} so unlike BP incident, president can be seen to be 'on top of it'

[15:18] {Threei} " we were just informed that the president was briefed 6 times yesterday"...

[15:19] {Threei} he had valuable insight how to proceed?

[15:19] {Threei} presonally coordinated the search?

[15:20] {Les} does help avoid asking embarrassing questions

[15:20] {Threei} Long Setup: BP .80 break

[15:20] {Threei} if stays above .70

[15:20] {Threei} half lot

[15:20] {Threei} discretionary

[15:23] {magoo} in

[15:24] {Threei} over 1:1

[15:24] {magoo} out .91 2k (oops)

[15:24] {shorty} out .87

[15:24] {Threei} it's official:

[15:24] {Threei} turtles, fish and shrimps are not my financial adisors

[15:24] {Threei} sorry larisa

[15:24] {magoo} ty boss

[15:24] {Threei} welcome sir

[15:24] {larisa} who is?

[15:25] {Threei} not sure... but not these sea creatures

[15:25] {magoo} i guess my half lot is 2k today

[15:25] {shorty} Oh ya...thank you Threei

[15:25] {Threei} sure thing

[15:26] {Threei} maybe moth

06[15:26] * magoo slaps Threei around a bit with a large trout

06[15:26] * magoo slaps _funky10 around a bit with a large trout

06[15:26] * magoo slaps _york1 around a bit with a large trout

[15:26] {Threei} what did I do?

[15:26] {_york1} may I ask, what were your fills on BP long ?

[15:26] {magoo} just letting u know i can

[15:26] {Threei} why am I being trouted

[15:26] {Threei} new guys, OK

[15:26] {Threei} that's what new guys are for

[15:26] {magoo} .77

[15:26] {magoo} 200 shares

[15:26] {shorty} magoo is our forum goon.

[15:27] {magoo} 2000

[15:27] {magoo} shares

[15:27] {_york1} great

[15:27] {Threei} Les and shorty, fine, they are relativelt recent arrivals and are low in pecking order

[15:27] {magoo} yea shorty, u too new to say that about me

[15:28] {Les} oh come on, what's a person got to do around here before we're no longer newbies?

[15:28] {Threei} lol

[15:28] {magoo} i practically founded room with vad

[15:28] {shorty} Threei.......???

[15:28] {nemo} get through your rookie year

[15:28] {shorty} Sorry, you are the MUSCLE of this forum.

[15:28] {magoo} hence.....................

06[15:28] * magoo slaps shorty around a bit with a large trout

[15:28] {nemo} and forthwith................

06[15:29] * nemo slaps _york1 around a bit with a large daytrading course

[15:29] {Threei} speaking of those who are here since inception

[15:29] {Threei} Larisa

[15:29] {Threei} Raven

[15:29] {Threei} jmb

[15:29] {nemo} birthers

[15:29] {shorty} What year was that Threei?

[15:29] {Threei} ummm

[15:29] {Threei} 2000

[15:29] {magoo} this year

[15:29] {Les} fair enough. we can't all be dinosaurs

[15:29] {nemo} you're making him think

[15:29] {Threei} lol

[15:30] {Threei} BP 1:2

[15:30] {Threei} see larisa? shrimp don't get it

[15:31] {larisa} any of Bp drills in your area vad?

[15:32] {Threei} not that I am aware of

[15:32] {RonS} ...only nuclear subs...

[15:32] {Threei} 1:3

[15:33] {shorty} And a drunk captain of an oil ship

[15:33] {larisa} good, shrimp can be vindictive

[15:33] {Threei} they are very good here

[15:33] {Threei} my personal shrimping season is Sept - Nov

[15:34] {dino} always picking on the little guy

[15:34] {Threei} about Nov 20st they disappear... don't know why

[15:34] {RonS} ...and I thought it was every day now with Shorty...:D

[15:34] {Threei} as if they have calendar

[15:34] {shorty} I remember as a kid going to the Island and picking clams from the beach. My mother would make us a big pot of clam chowder.

[15:35] {larisa} my fave soup

[15:35] {shorty} lol RonS

[15:35] {Threei} I just throw them on BBQ

[15:35] {dino} good soup

[15:35] {shorty} People forget that 11 people died on that oil rig too.

[15:36] {larisa} try wrapping them with bacon vad

[15:36] {Threei} that I do with scallops

[15:36] {shorty} Bacon and shrimp, there is none higher.

[15:37] {shorty} I might get a lobster today, making me hungry.

[15:38] {RonS} ...isn't that against the law where you live shorty?

[15:38] {RonS} ...beef only...

[15:38] {Threei} no, you can get it - you just must clean 1 sa mile of municipal propert of snow first

[15:38] {Threei} sq mile

[15:38] {shorty} lol......I don't eat cow

[15:39] {Threei} that's why no one eats it in July

[15:39] {Threei} the rest of months is fair game

[15:39] {shorty} Threei....just...nevermind.

[15:39] {fernp} good evening everybody. see you all tomorrow

[15:39] {RonS} ...no talking about spouses here...oops...

[15:39] {Threei} take care fern

[15:39] {RonS} cya fern

[15:40] {shorty} Bon soir fernp

[15:40] {shorty} That is a totally different animal RonS

[15:41] {RonS} ...big selling coming in...

[15:41] {Threei} wow, winishing at the lows?

[15:41] {Threei} finishing

[15:41] {Threei} I'd say so Ron

[15:41] {RonS} ...watching the order flow...

[15:41] {Threei} last one}

[15:41] {Threei} LVS

[15:41] {Threei} short

[15:41] {Threei} .64

[15:42] {Threei} invalidated

[15:44] {magoo} sad to see the end of the unstoppable rally

[15:45] {Threei} nah

[15:45] {Threei} was getting long in the tooth

[15:45] {Threei} tough to trade

[15:45] {Threei} need t shake off some enthusiasm

[15:46] {Threei} just compare:

[15:46] {dino} well, ndx -4.9%

[15:46] {Threei} last months of the rally we had to get all out plays in the first 60 minutes

[15:46] {Threei} after that, market was dead

[15:46] {Threei} run into couple stops in the morning, almost no chance to redeem

[15:47] {Threei} today activity was much more evenly spread

[15:47] {Threei} still morning is the most active, sure, but still

[15:47] {shorty} My BP stop today hit hard

[15:47] {Threei} hmm?

[15:47] {Threei} there was just one, and it was slightly over 10 cents

[15:48] {dptl} good evening all..see ya tomorrow

[15:48] {shorty} I had my stop set, but it dipped so fast that I got stopped at a lower price.

[15:48] {RonS} cya dp

[15:48] {Threei} vs I don't know how many winning ones, of all thinkable sizes

[15:48] {Threei} take care dp

[15:50] {_york1} I trade futures nornally. How much slippage do you get on stocks?

[15:50] {Threei} stocks are not created equal

[15:50] {Threei} some are thin, some are thick

[15:50] {Threei} thin ones carry bigger possible slippage

[15:51] {Threei} thick ones practically zero

[15:51] {nemo} yeah, definitely a chance for a sygmoidoscopy

[15:51] {Threei} also, diff brokers offer different quality of executions

[15:51] {_york1} AND BP for example?

[15:52] {_york1} I have IB account

[15:52] {Threei} BP is mid pack

[15:52] {Threei} can be dangerous sometimes

[15:52] {Threei} when conditions become very fast

[15:52] {Threei} under nortmal conditions, not too bad

[15:52] {Threei} but today if you noticed most calls on it were :half lot"

[15:53] {Threei} which was toa ccount for its heightened volatility

[15:53] {nemo} for which Magoo doubled up

[15:53] {Threei} well... magoo has his own ideas how to interpret my words

[15:53] {Threei} he doubles when I sat careful

[15:53] {magoo} nemo, u mean x 4

[15:53] {nemo} he has trouble with your accent

[15:53] {Threei} triples when I say very dangerous

[15:53] {shorty} Have a good night all. Thank you Threei.

[15:54] {magoo} 500 x 4 =2k

[15:54] {Threei} take care shortt

[15:54] {RonS} cya shorty

[15:54] {_york1} do you have a 10 tick stop on scalp trades?

[15:54] {Threei} stop is ddictated by chart

[15:54] {magoo} WAITTTTTTT shorty

06[15:54] * magoo slaps shorty around a bit with a large trout

[15:54] {shorty} duck

[15:55] {_york1} I see

[15:58] {Threei} FBI guy says bomber was complete dunce

[15:58] {Threei} I am telling you... incompetence of attackers is our most effective line of defense

[15:59] {Threei} scary thought bujt we are biound to run out of luck sooner or later

[15:59] {larisa} later all :)

[16:00] {Les} nighty night

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {RonS} great day...thanks 3i

[16:00] {Threei} see you tomorrow

[16:01] {Threei} ITMN Receives complete response letter from FDA: no approval at this time

[16:04] {_york1} thanks Vad