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

Apr 27 2010

Beautiful strong performance for the day, with a lot of nice juicy trades on both sides, long and short. MGM, LVS, AIG, MOS - some of them a few times and most for much more than scalps.

Session Time: Tue Apr 27 00:00:01 2010

[08:05] {magoo} mornink comrades

[08:35] {Threei} X

[08:35] {Threei} United States Steel Corp Reports Q1 -$1.10 v -$1.43e, R$3.9B v $3.8Be

[08:36] {Threei} UAUA

[08:36] {Threei} UAL Corp Reports Q1 adj -$0.55 v -$0.90e, R$3.87B v $4.2Be

[08:36] {Threei} - Q1 CASM +8.6% y/y

[08:36] {Threei} - Q1 RPM (revenue passenger miles) +2.6 y/y

[08:36] {Threei} - Q1 ASM (available seat miles) -3.3% y/y

[08:36] {Threei} - Q1 Load factor 80.4% v 75.7% y/y

[08:36] {Threei} Ford Motor Co Reports Q1 $0.46 v $0.31e, R $28.1B v $31Be

[08:36] {Threei} - Now expects to deliver solid profits this year with positive Automotive operating-related cash flow

[08:43] {dptl} good morning

[08:43] {Threei} dp :)

[08:43] {Threei} GR) Reportedly Greece Civil Servants Union to participate in planned May 5th stike

[08:43] {Threei} but of course

[08:43] {Threei} how dare you cut our anything

[08:50] {ese} morning

[08:50] {Threei} ese :)

[08:50] {nemo} dude

[08:51] {ese} dude

[08:54] {shorty} Good morning

[08:54] {ese} shorty

[08:54] {Threei} shorty :)

[08:56] {shorty} GS shorted the housing market, and that is why they are being investigated? long story short

[08:56] {shorty} Was watching msnbc and caught a bit of it

[08:57] {Threei} lol

[08:57] {Threei} how dare they profit from the fall

[08:57] {Threei} [15:56] {Threei} grest

[08:57] {Threei} [15:56] {Threei} GS shorting mortgages now is being labeled as "betting agains America"

[08:58] {Threei} [15:57] {Threei} history repeats... just as Jese Livermore was blamed with his shorting 1929

[08:58] {shorty} ty Threei

[08:58] {shorty} I am a bit ADD

[09:00] {Threei} *(US) S&P/CASE-SHILLER HOME PRICE INDEX: 144.03 V 145E; COMPOSITE-20 INDEX (Y/Y): +0.6% V-0.1%E

[09:00] {Threei} - prior revised from 145.32 to 145.27

[09:00] {Threei} *(GE) GERMANY APR CPI NORTH RHINE WESTPHALIA M/M: -0.2% V 0.6% PRIOR; Y/Y: 0.8% V 1.2% PRIOR

[09:08] {Threei} Tuesday, April 27, 2010 9:02:37 AM

[09:08] {Threei} (GR) Greece Fin Min Papaconstantinou: Need for credit adjustment is greater after deficit to GDP revision to 13.6%

[09:08] {Threei} - Expects the EU-IMF talks to conclude next week

[09:08] {Threei} - Talks with EU/IMF must be completed by May 19th, deemed as a pivotal date

[09:08] {Threei} - Is "absolutely sure" will have funds by May 19th

[09:08] {Threei} - No room to waver from budget targets

[09:08] {Threei} - Says is prepared to "clash on making reforms"

[09:08] {Threei} - *** Insight: May 19th corresponds maturity of 8.5B of deb

[09:10] {larisa} gm :)

[09:10] {Threei} larisa :)

[09:11] {shorty} gm

[09:11] {fernp} Good morning everybody

[09:11] {Threei} fern :)

[09:11] {Threei} shorty you forgot... you already greeted us

[09:11] {RonS} gm all

[09:11] {Threei} ron :)

[09:12] {shorty} larisa back from vacation

[09:12] {shorty} Also, did you not read the ADD part THreei?

[09:12] {Threei} I did

[09:12] {Threei} I also noticed she was back from vacation yesterday...

[09:12] {dino} gm all

[09:12] {Threei} dino :)

[09:12] {shorty} lol

[09:12] {larisa} gm shorty :)

[09:13] {shorty} Well, my bad.

[09:18] {Threei} GS not finding firm footing

[09:21] {dino} caveman (cavm), amed, nty, cmi

[09:24] {lasertrev} good morning

[09:24] {Threei} trev :)

[09:26] {Threei} no single clear play for the open

[09:27] {Threei} F is on radar

[09:28] {Threei} 14.60 is 52 week high break

[09:29] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:31] {magoo} rimm trying

[09:31] {Les} pain in the butt server

[09:31] {Les} morning

[09:31] {Threei} les :)

[09:32] {Threei} Long Setup: F .25 break if stays above .20

[09:32] {Threei} and 5 cents ranges cross if loses it

[09:32] {magoo} GS spike

[09:33] {Threei} CFO: Continues to explore "alternative funding options" - conf call comm

[09:33] {Threei} cc in progress...

[09:33] {Threei} don't like it

[09:33] {Threei} who knows what they are saying in there

[09:36] {Threei} PALM Strength attributed to Globe & Mail article circulating that discusses whether RIMM might be interested in PALM

[09:37] {Les} dino, what's on your screen today?

[09:38] {nemo} [09:21] {dino} caveman (cavm), amed, nty, cmi

[09:38] {Les} my bad

[09:38] {Les} ty

[09:39] {Threei} WFC

[09:39] {Threei} interestingly strong

[09:39] {dino} nty sm l .90

[09:40] {magoo} news FCX vad??

[09:41] {Threei} no

[09:41] {Threei} Long Setup: WFC .72 break if holding .65

[09:43] {dino} nty to b/e

[09:44] {Threei} 07:52 AMRN Leerink Swann Initiates AMRN with Outperform

[09:44] {shorty} got 1:1 on WFC ty

[09:44] {Threei} half out WFC

[09:44] {Threei} scalpers are scalpers of course

[09:46] {Threei} and they win again

[09:47] {Les} fitb .60 break?

[09:47] {Threei} yes

[09:47] {dino} stop to .31 nty

[09:47] {dino} out +.41

[09:47] {Threei} stop under .55 for scalpers, .50 for daytraders

[09:48] {nemo} well, fitb scalps are usually day trades

[09:48] {Threei} lol

[09:48] {Les} stopped

[09:49] {Threei} US) Preview: April Consumer Confidence due out at 10:00ET

[09:49] {Threei} **consensus expectation: 53.5e v 52.5 prior

[09:49] {Threei} - estimates range between 48 to 57

[09:49] {Threei} US) Preview: April Richmond Fed Manufacturing Index due out at 10:00ET

[09:49] {Threei} **consensus expectation: 10e v 6 prior

[09:49] {Threei} - estimates range between 7 to 11

[09:53] {dino} f l .00

[09:54] {dino} guess who's on tv?

[09:54] {nemo} Brooke Burke

[09:54] {Threei} bragging about his fiscal responsibility, no less

[09:54] {dino} i wish

[09:55] {nemo} makes 2 of us

[09:55] {Threei} CNLG Strength attributed to chatter CNLG could get significant follow on orders for detector pdts (1.76, +0.14, 8.64%)

[09:59] {dino} cymi sm l .81

[09:59] {Threei} *(US) APRIL RICHMOND FED MANUFACTURING: 30 V 10E

[09:59] {Les} thanks for heads up dino. caught the short side of your NTY long out +.78

[10:00] {Threei} *(US) APRIL CONSUMER CONFIDENCE: 57.9 V 53.5E

[10:00] {Threei} (US) Fed Chairman Bernanke: US needs to start cutting budget deficit soon

[10:00] {Threei} no really?

[10:00] {Threei} how soon?

[10:00] {Les} awww he's a nice guy that Bernanke

[10:00] {Les} looking out for joe six pack

[10:01] {dino} gj les

[10:03] {Threei} DARA Enters Into a Clinical Trial Collaboration With the Division of Cancer Prevention (DCP), National Cancer Institute (NCI) for the Clinical Development of KRN5500

[10:03] {magoo} AIG interesting vad

[10:04] {Les} stopped F -.11 looks like its got further to go

[10:06] {Les} did F miss street estimates?

[10:06] {Threei} no

[10:06] {shorty} I heard they are having Q1 profit

[10:06] {Threei} look HLIT daily

[10:06] {shorty} sell on good news, buy on bad news?

[10:06] {fernp} WFC .80 break, Vad?

[10:07] {Threei} not sure fern

[10:07] {Threei} probably

[10:07] {Threei} senate hearings on GS started

[10:07] {Threei} anything can happen in financials

[10:07] {fernp} true

[10:07] {fernp} i'll pass

[10:08] {Threei} MGM 1 min looks interesting

[10:08] {Threei} for .30 break

[10:08] {jfjf64} lk

[10:09] {jfjf64} hold .25

[10:09] {Threei} for a scalp, yes

[10:09] {Threei} .20 for a bigger trade

[10:09] {jfjf64} ty

[10:09] {dino} nty

[10:10] {Threei} and, if market starts upward, HLIT is a brweak trade with target abour 7.50

[10:11] {Les} hlit trigger is break here?

[10:11] {nemo} rimm on a roll

[10:12] {fernp} HLIT what was the entry, Vad?

[10:12] {fernp} .20 break?

[10:13] {Threei} look cnn

[10:14] {Threei} jeez

[10:14] {Threei} saw that?

[10:14] {Threei} .27 fern

[10:15] {Threei} to trigger 52 week high break scanners

[10:15] {magoo} FTBK at it

[10:15] {fernp} ty

[10:16] {Threei} come on, anyone cauight Ukraine parliament fight on CNN?

[10:16] {Threei} eggs flying at speakers, those cover themselves with umbrellas

[10:16] {shorty} no, TV is in the other room.

[10:16] {Threei} smoke bomb

[10:16] {Les} l NTY .60

[10:16] {nemo} frickin' Jerry Springer

[10:16] {Threei} totally

[10:18] {dino} pwrd sm l .60

[10:21] {Les} out +.38 NTY

[10:22] {magoo} FTBK out + .50

[10:22] {Threei} wtg

[10:22] {shorty} nice guys

[10:22] {magoo} took 6.04 out .57

[10:22] {Threei} (you are as crazy as FTBK itself)

[10:22] {magoo} [10:15] {magoo} FTBK at it

[10:22] {Les} :( I didn't catch break

[10:23] {fernp} what is the stop for HLIT, Vad?

[10:24] {Threei} deopends on your objectives

[10:24] {nemo} .22 for scalpers,

[10:24] {Threei} under .20 for a scalp, obviously

[10:24] {fernp} pesky :-)

[10:24] {Threei} but if you look at daily,

[10:24] {Threei} see the thrust it's capable of,

[10:24] {fernp} yes, nice daily

[10:24] {Threei} believe in market help and want to give it a chance

[10:25] {Threei} 7.10 is it

[10:25] {larisa} some asian guy behind GS exec can not stop smiling listening to Levin. looks so happy

[10:25] {fernp} ok. i'll do an umbrella trade. ty

[10:25] {nemo} and .27 is entry, yes?

[10:26] {fernp} yes nemo

[10:27] {dino} kangaroo court

[10:27] {nemo} stage show

[10:28] {magoo} GRAN

[10:28] {magoo} GRAN

[10:30] {jfjf64} gnw short .25 break

[10:30] {magoo} a nutso one

[10:30] {magoo} gran

[10:31] {magoo} vad news?

[10:31] {ese} you thinkin about gettin in there mags.....

[10:31] {larisa} merger rumor

[10:31] {ese} been watching that one too this morning

[10:31] {magoo} has potential..NOT in

[10:32] {magoo} ty lar

[10:33] {Threei} np

[10:33] {Threei} no news that was

[10:35] {magoo} AIG was gonna call .50, missed

[10:36] {dino} sm l .25 amed, risky

[10:38] {magoo} hooker spread dio

[10:38] {magoo} dino

[10:38] {dino} indeed

[10:38] {magoo} not that i would know

[10:39] {dino} tiger would

[10:39] {nemo} bad

[10:41] {magoo} mkts green, been awhile lol

[10:41] {Threei} lol

[10:41] {Threei} I don't get much following though

[10:41] {Threei} not many stocks clearly follow indices

[10:42] {jfjf64} strong gs lol

[10:42] {magoo} are there any stocks in the indices vad?

[10:42] {dino} seing the same 3i, scalpers type market, lots of rinses

[10:42] {jfjf64} cant kill da MONSTER

[10:42] {Les} s CMI .92

[10:43] {Threei} mags... say what?

[10:43] {dino} les dabbling on the dark side today

[10:43] {magoo} gotcha:)

[10:44] {Threei} lol

[10:45] {magoo} just exited remaing wfc .91 ty vad

[10:45] {jfjf64} gnw ready

[10:46] {nemo} aren't you shorting into support on the 5 minute chart

[10:46] {Les} somebody talking to me?

[10:47] {nemo} never

[10:47] {nemo} JF

[10:47] {Les} bon

[10:47] {nemo} cest bon

[10:48] {Threei} ECB's Tumpel-Gugerell: ECB is opposed to full fair value accounting; global accounting standards and banking rules should be consistent worldwide

[10:48] {Threei} - calls for implementation of rules worldwide on a wind down of systemic banks who are failing

[10:48] {Threei} - calls for a forward looking accounting methodology

[10:52] {jfjf64} 1/1

[10:57] {Threei} *(PO) S&P CUTS PORTGUAL RATING TWO NOTCHES TO A- from A+; short term rating to A2 from A1; Outlook Negative

[10:57] {Threei} - Note; Fitch on 3/24 cut ratings one notch to AA- from AA

[10:57] {strider} dcc trev.

[10:57] {fernp} HD, Vad?

[10:57] {fernp} breakdown?

[10:57] {Threei} I hink so

[10:58] {fernp} ty

[10:58] {fernp} .96 stop, no?

[10:58] {Threei} or 36

[10:58] {Threei} both are valid

[11:02] {Threei} CME Sends letter to CFTC asking the agency no to adopt energy market position limits

[11:02] {Threei} why would CME care??

[11:03] {Raven} unlimited positions = more commissions

[11:04] {Raven} they want volume

[11:04] {Threei} oh wait

[11:04] {Threei} lol... line appeared first without that "no"

[11:04] {Threei} so I was shocked

[11:04] {Threei} while I copied they typed in one more word

[11:04] {Raven} lol

[11:06] {dino} sllllllllllaaaaaaaaaaaappppppppppppppp

[11:07] {Raven} lol

[11:07] {nemo} is this still Monday

[11:07] {nemo} ?

[11:07] {Threei} now full text is in, including typo correction:

[11:07] {Threei} Chicago Mercantile Exchange Holdings Inc Sends letter to CFTC asking the agency not to adopt energy market position limits

[11:07] {Threei} - Note: The CFTC has been evaluating whether to regulate certain energy products through the determination on whether a certain product performs significant price discovery functions

[11:07] {RonS} mos murder

[11:07] {dino} all ferts, pot, cf

[11:13] {Les} vad, is that shooting star on IOO daily?

[11:13] {Threei} I amd not a cnadlestick specialist les

[11:13] {Les} ok

[11:14] {RonS} mos i figure downside to 47.20 on the h&s break. PnF shows down to 42. POT PnF uptrend line at 106

[11:14] {strider} MOS

[11:15] {Threei} HD nice dive

[11:15] {fernp} out ty Vad

[11:15] {Threei} :)

[11:17] {strider} sh MOS 51

[11:19] {shorty} back in a little bit

[11:20] {Threei} Short Setup: LVS

[11:20] {Threei} .20 break

[11:20] {Threei} stop above .25 for scalpers

[11:21] {ese} in .18

[11:23] {ese} stopped .24

[11:23] {Threei} GR) S&P CUTS GREECE

[11:23] {Threei} something's worng ese

[11:23] {Threei} wrong

[11:23] {Threei} if it was a scalp, it reached over 1:1

[11:23] {Threei} if not, why such a weird stop

[11:24] {ese} one print at .25 triggered it

[11:24] {Threei} S&P CUTS GREECE TO BB+ (now junk status); outlook Negative

[11:24] {strider} cover MOS .88 +.12

[11:24] {Threei} wait..

[11:24] {ese} no big deal.....i short small.......500shs

[11:24] {Threei} .25 was not a stop trigger, .25 break was,

[11:24] {Threei} and again, it went to .12

[11:24] {shorty} covered .12

[11:25] {Threei} which is over 1:1 for a scalp

[11:25] {ese} hmmmmmmm

[11:25] {Les} out .07 ty

[11:25] {Threei} over 1:1 for a day trade now

[11:25] {strider} out LVS .12

[11:25] {Threei} just played it wrong

[11:26] {fernp} ty Vad was nice

[11:26] {shorty} ty Threei

[11:26] {nemo} out mos 59

[11:26] {nemo} .59

[11:26] {Threei} MOS beauty

[11:26] {Threei} this Greece cut sent maarket screaming down

[11:27] {Threei} (as it was a surprize that Greece situation is really bad)

[11:27] {Les} nice one nemo. I abandoned MOS for LVS. tight budget

[11:28] {nemo} I was playing both, I woulda' got out of MOS earlier but I was watching LVS

[11:28] {Threei} read full text, it's perrty damning}:

[11:28] {Threei} *(GR) S&P CUTS GREECE THREE NOTCHES FROM BBB+ TO BB+ (now junk status); outlook Negative

[11:28] {Threei} - S&P: The negative outlook reflects the possibility of a further downgrade if the Greek government's ability to implement its fiscal and structural reform program materially weakens in our view, undermined by domestic political opposition at home or by even weaker economic conditions than we currently assume.

[11:28] {Threei} - "The downgrade results from our updated assessment of the political, economic, and budgetary challenges that the Greek government faces in its efforts to put the public debt burden onto a sustained downward trajectory, In our revised projections, we forecast Greece's net general government debt-to-GDP ratio reaching 124% of GDP in 2010 and 131% of GDP in 2011. "

[11:29] {magoo} ugly out there

[11:29] {Threei} OK, bounce time

[11:29] {Les} some knifecatching

[11:29] {Threei} EUR/USD Moves to fresh session lows after Greece downgrade

[11:30] {magoo} F destroyed

[11:30] {Threei} AIG

[11:30] {Threei} stop under .10

[11:30] {nemo} what was the break, .20?

[11:30] {Threei} ugh... too fast, .15 break was a trigger

[11:30] {Threei} ok, second chance

[11:31] {Threei} 1:1 easy

[11:31] {Threei} 1:2

[11:31] {Threei} 1:3, my a$$ out

[11:31] {magoo} out here .43 TY

[11:31] {Les} out .45 ty

[11:32] {Threei} welcome guys

[11:32] {shorty} nice, sat out on that one

[11:32] {magoo} NICE vad

[11:32] {Threei} magoo is crying bitterly

[11:32] {Les} 6 months on shorty

[11:32] {Threei} know why magoo is crying?

[11:32] {nemo} yep

[11:32] {Threei} magoo can't say "vad is sleeping through this"

[11:32] {Les} I can control my heart beat a lot better doing trades like that

[11:32] {shorty} Les..?

[11:32] {magoo} i was typing it when u posted call

[11:32] {Les} less fear

[11:32] {Les} more calculation

[11:33] {Threei} perfect timing on bounce catch... rarely do I do this

[11:33] {Threei} larisa is typing "and you call yourself trend follower?" as we speak

[11:33] {larisa} exactly :)

[11:34] {Threei} hehe

[11:34] {Les} out cmi .92 +1.00

[11:34] {shorty} nice one Les

[11:34] {Les} I am outta here for the day

[11:35] {shorty} I would

[11:35] {Les} c u's tomorrow

[11:35] {magoo} LES WAITTTTTTTTTTTTTTTTTTTTT

[11:35] {Les} duck

[11:35] {Threei} lol

06[11:35] * magoo slaps Les around a bit with a large trout

[11:35] {shorty} But, I like trading so much that I would probably stay.

[11:35] {Threei} take care Lesa

[11:40] {RonS} ftbk held up really well on that selloff

[11:40] {Threei} true

[11:41] {Threei} you know what irritates me the most about all this hearings and whole GS hoopla?

[11:41] {Threei} constant mention of "morals"

[11:41] {Threei} how come structural problem, systemic problem turned into moral problem?

[11:42] {Threei} since when morals should drive accounting?

[11:42] {Threei} design frikin system so it would lead to certain results you want

[11:42] {shorty} No logic to it Threei.

[11:42] {Threei} instead of designing system full of holes, then complain about those who live by its rules being "immoral"

[11:43] {Threei} more than that:

[11:43] {RonS} ...yes there is logic...keep seat and conduct shakedowns to keep money flowing

[11:43] {Threei} god save me from living in society where behsvior of economic elements is dictated by morals

[11:43] {RonS} nok knocked

[11:43] {Threei} since morals differ from society to societyu and individual to individual, that would be total and absolute unpredictable chaos

[11:45] {Threei} one thing truly pleases me today: canadian dollar

[11:45] {Threei} look at it hitting the skids

[11:46] {RonS} ...just curious...why does this please you?

[11:46] {Threei} 'cause I make money in US dollars

[11:46] {Threei} and then convert to canadian

[11:47] {RonS} ...makes sense...

[11:47] {Threei} except part I keep in US for purchases across the board or for trips

[11:47] {Threei} in USD I mean

[11:47] {RonS} ha...you can hedge yourself with derivatives :)

[11:47] {Threei} too lazy for that :)

[11:48] {shorty} Speaking of lazy, anymore stock picks Threei?

[11:49] {nemo} yeah, enough of philosophical pontification

[11:49] {dino} well, look at the gs attacks this way. everybody who shorted today bet against american business. that is how pathetic a case it is. they just hate sdhorts because they don't understand it

[11:50] {dino} its the obamination theme; evil shorts evil speculators

[11:50] {larisa} problem is not they are shorting, they went opposite of their clients. ALL serving companies come up with mottos like "our customers are the most important thing" etc. Just be honest and say "we are trying to screw you out of your money"..

[11:51] {RonS} ...human kind has had and will always have scapegoats

[11:51] {shorty} There was a good interview this morning (msnbc or cnbc) about this dino, with a hedge fund manager William Ackman.

[11:51] {Threei} larisa, any broker selling to a client as principal goes against him

[11:51] {dino} larisa, when i flip a house i am going against my "customer"; same w/car dealers, etc

[11:51] {Threei} only broker acting as agent doesn't

[11:52] {Threei} and these products had no open market

[11:52] {Threei} so no agency role for a broker

[11:53] {Threei} the only accusation that is valid is:

[11:53] {Threei} the product was designed top fail

[11:53] {Threei} that's what they need to prove

[11:53] {Threei} if they don't, the rest is pure unbridled bs

[11:54] {RonS} ...if we spend another 30 minutes down here with no bounce, i think we start seeing more selling...imo

[11:55] {RonS} wow...euro at 1.3237

[11:56] {Threei} I don't know why it still exists

[11:57] {RonS} ...pan- Europeanism...as in Peter Pan. Plus, US envy...as in penis envy

[11:57] {dino} hmmmm, buy the dips imo

[11:58] {Threei} overall, yes dino, I bel.ieve that is what is going to happem

[11:58] {Threei} this market pullback will be bought

[11:58] {Threei} not sure about today though

[12:00] {dino} today

[12:00] {dino} you forget, i am 3 hours ahead of you

[12:01] {Threei} oh yes

[12:01] {Threei} larisa, you missed it

[12:01] {Threei} while you were vacationing, we made a few bets

[12:01] {larisa} "Goldman Sachs has a culture of developing people who work very, very hard at their business careers and then have a very strong view of the importance of giving back to society " My point is, if they have a need to comuflage (sp) their actions with "good", others have a right to accuse them of not doing it :) to your question of morals.

[12:02] {Threei} and he beat me to a punch

[12:02] {larisa} what bets? :)

[12:02] {Threei} on market closings

[12:02] {larisa} lol

[12:02] {dino} a bit biased

[12:02] {Threei} then turned out, living three hours ahead of me, he just knew answers

[12:03] {larisa} he should share more

[12:04] {Threei} I don't even understand how shorting housing market back in 2007 was immoral

[12:04] {Threei} isn't it a subject of a job of any trader worth his salt to determine market ditrection and take according position?

[12:05] {Threei} how did it become "betting against America"?

[12:05] {dino} thats my point

[12:05] {dino} they could go after us for shorts

[12:05] {dino} slippery slope

[12:07] {Threei} look at AIG chart at the moment of the call... 5 cents from bottom

[12:07] {fernp} RAI, any read, vad?

[12:07] {fernp} 54 break long?

[12:08] {Threei} most likely yes but I'd feel a lot safer if it consolidated for a few min more

[12:08] {fernp} yes

[12:08] {fernp} ty

[12:11] {dino} amed to .01

[12:12] {magoo} AIG likes to return to that 38-39 level

[12:12] {magoo} sheesh, itwas 45

[12:12] {dino} out amed .01, +.76

[12:13] {Threei} RAI holding very well so far

[12:13] {Threei} if market selling subsides while it's holding right here, should do well on bounce

[12:14] {Threei} nah, lost support

[12:14] {nemo} look for rimm to go now

[12:15] {dino} fcx blood

[12:16] {dino} fcx gap around 75.25, feb

[12:16] {RonS} .vix up 21%

[12:16] {dino} fed meets today and tomorrow

[12:20] {dino} f getting some back

[12:22] {Threei} (GR) IMF Chief: Greece situation will be difficult even with the support of the IMF; a China currency revaluation is in its own interest

[12:22] {Threei} - Believes Greece's situation was unsustainable without IMF help.

[12:22] {Threei} - Yuan revaluating is clearly in China's interest; would reduce inflationary pressures

[12:26] {dino} elx l .51

[12:31] {Threei} feels to me we are forming bottom

[12:32] {Threei} let's start trying?

[12:32] {Threei} Long Setup: LVS .75 break

[12:32] {nemo} fcx might be getting ready too

[12:35] {Threei} not a scalp for me

[12:35] {Threei} 1:1

[12:36] {Threei} half out

[12:36] {Threei} .83

[12:36] {nemo} fcx went too

[12:36] {shorty} out ty

[12:37] {Threei} yw

[12:37] {nemo} yes, ty

[12:37] {Threei} sure thing

[12:37] {Threei} good one on FCX

06[12:37] * Threei slaps magoo around a bit with a large roll of cash

06[12:37] * Threei slaps jfjf64 around a bit with a large roll of cash

[12:38] {magoo} huh? sorry, was counting greenbacks

[12:38] {Threei} lol

[12:38] {jfjf64} lol

[12:38] {Threei} offer 1/4 more at .87 - .89

[12:39] {Threei} stop under b/e of course

[12:39] {Threei} in case we are mistaken and it's not THE bottom for the day

[12:40] {Threei} Preview: (US) Treasury's $44B 2-year note auction results due just after 1PM ET

[12:40] {Threei} - no change in size from previous auction

[12:40] {Threei} - Prior bid to cover ratio 3.00 with an average of 3.10 over the last 10 auctions

[12:40] {Threei} - Indirect bidders took 34.8% of competitive bids at last auction with 13.8% allotted at the high

[12:40] {Threei} - The 2-year when issued yield of 1.01% is roughly 5 basis points above the cash market

[12:41] {Threei} second target hit

[12:42] {Threei} offer last portion .94-.95

[12:42] {Threei} not too shabby for 5 cents stop

[12:43] {jfjf64} ya da man

[12:43] {jfjf64} ty

[12:43] {nemo} yada man?

[12:43] {Threei} welcome kind sir

[12:43] {Threei} not you nemo

[12:43] {nemo} wrong species

[12:43] {jfjf64} think need nother slap

06[12:43] * nemo slaps jfjf64 around a bit with a large trout

[12:44] {jfjf64} sorry gv to NEMO

06[12:44] * nemo slaps jfjf64 around a bit with a large trout

[12:45] {jfjf64} LUV ITTTTTTTTTTTTTTTTTT

[12:51] {Threei} third and last target's hit

06[12:51] * Threei dislocates his shoulder in attempt to pat himself on the back with double speed

[12:52] {Threei} (GR) Greek Govt Spokesman: S&P downgrades today prove debt issue is a wider problem, not just Greece

[12:52] {Threei} - Would like to wrap up talks with EU/IMF as soon as possible to get aid flowing.

[12:52] {Threei} - Insists Greece is doing all it can to wrap up the deal with the IMF and the EU, calm markets.

[12:59] {RonS} mags...pos banque du jour...bbx

[13:02] {Threei} *(US) TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.024%; BID-TO-COVER RATIO: 3.03 V 3.00 PRIOR AND 3.10 AVE OVER LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 31% of competitive bids, direct bidders take 21%

[13:02] {Threei} primary dealers take 63.4%.

[13:02] {Threei} - 63.6% alotted at the high

[13:02] {Threei} AIG GAO Report: AIG's insurance business is showing signs of recovery

[13:03] {jfjf64} think

[13:06] {Threei} AIG remains heavily reliant on federal assistance to meet its liquidity needs.

[13:06] {Threei} - Dropping from their recent peak in May 2009, AIG CDS premiums have decreased and appear to be returning to precrisis levels.

[13:06] {dino} react

[13:07] {magoo} bummed i missed FCX

[13:09] {Threei} .50 break should be AIG launching pad

[13:09] {Threei} no call, highly discretionary

[13:19] {Threei} wow, even with that exit we underestimated LVS

[13:20] {magoo} ls got me good yesterday

[13:20] {magoo} hate that one

[13:20] {Threei} worked like charm today

[13:20] {Threei} 3 times

[13:21] {magoo} e??..ok

06[13:21] * magoo slaps Threei around a bit with a large trout

06[13:21] * magoo slaps Threei around a bit with a large trout

06[13:21] * magoo slaps Threei around a bit with a large trout

06[13:21] * Threei disappears in the abyss of alcohol-induced consolation

[13:21] {jfjf64} slap NEMO TOO what the heck

[13:21] {Threei} lol

[13:21] {Threei} really

06[13:21] * magoo slaps nemo around a bit with a large trout

06[13:22] * nemo slaps KSystems around a bit with a large trout

[13:22] {jfjf64} lol

[13:22] {Threei} slapfest

06[13:22] * nemo slaps Threei around a bit with a large trout

[13:22] {Threei} the only problem is, frequent repetition of the word trout in the log attracts anglers

[13:23] {Threei} they search internet for their gear or whatever, and stumvle onto our log

[13:23] {Threei} lol

[13:23] {jfjf64} thats all we need

[13:23] {Threei} which is why my slaps are so much more inventive

06[13:23] * Threei slaps jfjf64 around a bit with a large roll of cash

06[13:23] * Threei slaps fernp around a bit with a large scalping course

06[13:24] * Threei slaps dptl around a bit with a large bottle of Grey Goose

[13:24] {jfjf64} what nemo get

06[13:24] * Threei slaps nemo around a bit with a large chart of uptrending market

06[13:24] * Threei slaps magoo around a bit with a large daytrading course

06[13:24] * Threei slaps shorty around a bit with a large Master Profit Plan

06[13:25] * Threei slaps Alert around a bit with a large daytrading course

[13:25] {Threei} wropng one

[13:25] {jfjf64} shorty where is shorty today

06[13:25] * Threei slaps Alert around a bit with a large book of Techniques of Tape Reading

[13:25] {dino} feeling left out

[13:25] {fernp} Vad, are you aggressive today?

06[13:25] * Threei slaps dino around a bit with a large time machine

[13:25] {fernp} or as usual?

[13:25] {jfjf64} best for last dino

[13:25] {Threei} as usual... just less restrained

[13:25] {dino} nty close to lod

[13:25] {fernp} that's good

[13:25] {dino} lol

06[13:26] * Threei slaps Raven around a bit with a large apology for slapping him

[13:26] {Threei} GR) Germany Fin Min Schaeuble: Germany will not let Greece down

[13:26] {magoo} i would have preferred the vodka, have the tade book (and havent read it yet) but drank all the vodka in office

[13:27] {Threei} {German taxpayers} no really?

[13:27] {dino} the euro is doomed

[13:28] {Threei} IMO, only a matter of time

[13:29] {fernp} thank you guys

[13:29] {Threei} sorry fern... just a reality

[13:29] {fernp} i know

[13:29] {dino} elx to ,67

[13:30] {Threei} it may seem impossible... but those who lived through collapse of Soviet Union know all too well, nothing is

[13:30] {jfjf64} nothin is

[13:30] {fernp} forever?

[13:30] {fernp} lol

[13:31] {jfjf64} lol

[13:31] {Threei} seemingly invincible machine wioth tentacles everywhere, controlling everything and everyone, seaced to exist in front of our very eyes in a matter of months

[13:31] {Threei} ceased too

[13:33] {Threei} and it was established over 70+ years, two wars, several generations knowing no other life and brainwashed to no end

[13:33] {Threei} EU is but an awkward teenager vs that

[13:34] {Threei} market is likely to stall here for a while, or retreat

[13:34] {Threei} no firmn read

[13:34] {Threei} firm

[13:35] {nemo} it's at 200 ma

[13:36] {dino} out elx .68, +.17

[13:36] {Threei} be back in 30

[13:36] {RonS} nice dino

[13:38] {dino} ty

[13:42] {shorty} jfj64 I am here. Had to pick up my daughter at school.

[13:43] {shorty} jfjf64

[13:44] {shorty} Threei went on a slapping spree.

[13:45] {ese} am outta here......to much going on to concentrate on the markt...see ya tomorow

[13:45] {shorty} Bye ese

[13:45] {ese} se ya shorty

[13:47] {jfjf64} hey shorty

[13:48] {jfjf64} see ya

[13:48] {dino} cagc l .99

[13:49] {shorty} Dino, short ZION at res here you think? or too risky

[13:51] {dino} looks up to me

[13:52] {dino} higher hi higher lo

[13:52] {shorty} ty....

[13:53] {shorty} Do you look mostly at 1 min or 5 min charts?

[13:53] {shorty} I think I asked a couple of weeks ago, I don't remember.

[13:53] {dino} 1 min, 1 day; 15 min 5 day

[13:54] {dino} then 120 day, 52 week

[13:54] {shorty} SMA?

[13:55] {dino} y

[13:55] {dino} nty

[13:57] {dino} dsw

[13:58] {dino} f around .80 support imo

[13:59] {dino} pega lod

[14:04] {dino} air pocket

[14:11] {Threei} UAUA

[14:11] {Threei} UAL Corp CEO: encouraged to see "early signs" of business flier demand growth - conf call

[14:11] {Threei} - "significantly , we are not adjusting full year costs guidance," even with the effects of winter storms.

[14:16] {magoo} theyt took granny (gran) out backk and clubbed here

[14:16] {shorty} lol....?

[14:35] {RonS} glw down 3%...earnings a.m. near lod

[14:36] {shorty} Threei...RCII?

[14:36] {Threei} oo thin

[14:36] {Threei} I wouldn't touch it

[14:36] {shorty} ty

[14:41] {shorty} One more Threei....FORM

[14:42] {shorty} I play 200 shares usually, but it looks thin like RCII

[14:44] {Threei} I just don't see any setup on it

[14:46] {strider} dino, you still in CAGC?

[14:48] {dino} yes, but not happy w/it

[14:49] {shorty} One more....STSA

[14:49] {dino} watching pega, fcx, f

[14:55] {jfjf64} gld

[14:56] {jfjf64} 2010 high

[15:06] {dino} well, the euro is going to hell, greek debt is being sold as its junk, need to buy dollars or gold

[15:16] {Threei} (GR) ECB's Nowotny: No reason exists for investors to accept a 'haircut' on Greece bonds

[15:16] {Threei} - feels that there are no reasons for contagion fears considering recent downgrades of Portugal and Greece

[15:18] {dino} lol

[15:18] {dino} next they'll say its the shorts fault

[15:20] {dptl} good evening all

[15:20] {RonS} cya dp

[15:20] {Threei} take care dp

[15:20] {shorty} Bye dptl

[15:20] {fernp} bye dp

[15:24] {dino} cya dp

[15:25] {shorty} ss .77 CIEN 5-6 cent risk

[15:29] {shorty} out +7

[15:29] {nemo} wow, 7 dollars!!!!

06[15:29] * larisa slaps nemo around a bit with a large trout

[15:30] {shorty} Ty larisa......

[15:30] {nemo} Lari, I love any attention I get from you :)

[15:30] {larisa} lol

06[15:30] * Threei hands larisa 12-gauge - attend with this!

[15:30] {shorty} lol

06[15:31] * nemo crawls in cave...closes door...grabs teddy...pulls blanket over head

[15:32] {Threei} IMF considering increasing its share of Greece aid package by 10B amid fears the 45B plan will not be enough - FT

[15:32] {Threei} - currently the EU has proposed providing 30B and the IMF 15B, but some speculation has circulated that the package could be boosted to as much as 70B.

[15:35] {dino} cagc stopped

[15:37] {Threei} EUR/USD Moves below 1.32 for the first time this year

[15:37] {Threei} - dealers continue to eye 1.3070 as key level (long term uptrend line going back 8 years)

[15:46] {Threei} ok, look at GS

[15:46] {Threei} what do you see?

[15:47] {Threei} am I hallucinating?

[15:47] {Threei} or is it one of rare isnalds of green in a sea of red?

[15:47] {nemo} what...nobody believes the feds are gonna' do a damn thing

[15:47] {nemo} skip the dead people comment dino

[15:48] {Threei} lol

[15:48] {Threei} see arca .79 offer?

[15:48] {Threei} break of it is long

[15:49] {fernp} Good evening everybody. See u all tomorrow

[15:49] {Threei} take care fern

[15:49] {shorty} Byr fernp

[15:49] {shorty} Bye

[15:49] {Threei} too late

[15:50] {Threei} he left thinking you called him byr

[15:50] {shorty} lol

[15:50] {nemo} wonder if we break below 11k

[15:51] {nemo} Fed day tomorrow...oy vay

[15:51] {Threei} yeah

[15:51] {Threei} shrug

[15:51] {Threei} today prmoised to be as boring as monday

[15:51] {Threei} and turned great day

[15:52] {shorty} Good night everyone.

[15:53] {Threei} if everyone leaves, I will too

[15:53] {Threei} thank you all

[15:53] {Threei} have a good evening

[15:53] {Threei} see youi tomorrow

[15:54] {larisa} bye :)

[15:55] {dino} -3% s/p since fri highs

[15:56] {dino} -2.6 ndx

[15:57] {Threei} very nice selloff

[15:57] {Threei} we needed that

[15:57] {Threei} and hopefully more

[15:58] {Threei} gotta work off some excessive enthusiasm

[15:58] {dino} that has been it lately, 2.5 to -3%, then bounce

[16:00] {Threei} (US) White House's Orszag: All options are on the table for budget deficit commission

[16:00] {Threei} I know

[16:00] {Threei} let's raise tax to 100%

[16:01] {Threei} DVAX Two Phase 3 HEPLISAV Trials Cleared by DSMB to Continue Immunizations (3.64, +0.08, 2.25%)

[16:01] {strider} Then the govt. could just give everyone what they NEED.

[16:01] {Threei} eqzaktly

[16:01] {strider} sounds fair to a lot of people.

[16:02] {Threei} and tried already

[16:02] {Threei} over 70 years of experience

[16:02] {dino} bwld

[16:02] {Threei} - HEPLISAV is an innovative vaccine designed to protect against hepatitis B infection. The DSMB reviewed safety data from two ongoing multi-center Phase 3 trials evaluating HEPLISAV, one trial in adults 40 years and older, and a second trial in chronic kidney disease patients.

[16:02] {Threei} - The DSMB is comprised of an independent group of medical experts who are responsible for reviewing and evaluating subject safety data at regular intervals during the ongoing trials.

[16:03] {Threei} okay... left :)

Apr 23 2010

Despite somewhat rough start with two small stops on HBAN and FITB, we continued strong with 20 cents win on MGM, nice trade on SKS and whole bunch of scalps on both sides (mostly long though). All in all, good end to a good week. Have also a look at the new partnership we have just forged: http://www.realitytrader.com/blackboxforex.html

Session Time: Fri Apr 23 00:00:00 2010

[08:18] {magoo} morning

[08:18] {magoo} mm

[08:19] {nemo} mm

06[08:23] * magoo slaps Threei around a bit with a large trout

[08:23] {magoo} wake up vad

[08:24] {Threei} okay okay...

[08:24] {Threei} (GR) Greece Fin Min Papaconstantinou: Need to activate aid was due to recent EuroStat revision to the 2009 deficit/GDP ratio and sovereign downgrade by Moody's

[08:24] {Threei} - Say first tranche will be available before May 19

[08:25] {Threei} SP) Spain Deputy PM: Greece request is positive news; Spain cabinet to approve Greek aid

[08:25] {Threei} but of course

[08:25] {magoo} amzn wild last nite ill tell ya

[08:25] {Threei} PALM Pre-market volume attributed to reports that HTC has decided against a bid, with Lenovo emerging as a more credible acquirer

[08:25] {Threei} - Lenovo rumored to be bidding approx $1.3B (current Palm market cap $820M

[08:26] {Threei} Amazon.com Inc Reports Q1 $0.67 v $0.61e, R $7.13B v $6.9Be

[08:26] {Threei} - Guides Q2 Revenues R $6.1-6.7B v $6.4Be

[08:36] {Threei} GR) German CDU: Waiting for IMF-Greek aid discussions to end; To legislate for aid after discussions

[08:36] {Threei} US) MAR DURABLE GOODS ORDERS: -1.3% V 0.2%E; EX TRANSPORTATION: +2.8% V 0.7%E

[08:39] {Threei} GR) PIMCO's El-Erian: Greece is only an early indicator of a general trend we will be seeing more of, expects Treasuries to gain further as investors seek safe havens

[08:40] {Threei} - The Greek crisis will continue to drive capital flows within Europe and between Europe and the rest of the world.

[08:47] {Threei} earlier news, but interesting to read the way they put it in words

[08:47] {Threei} *(GR) GREECE ASKS TO FORMALLY ACTIVATE EU/IMF RESCUE PACKAGE

[08:47] {Threei} - Was of imperative importance to activate the rescue package.

[08:47] {Threei} - PM says Greece's "ship was ready to sink" and was exposed to speculators.

[08:47] {Threei} - Greece will not allow market's speculators to threaten sacrifices made by Greek people.

[08:47] {Threei} - Markets did not respond to EU Summit anounce on support package and have not given the country enough .

[08:47] {Threei} - Hopes decision will bring "safe harbour," Greece has taken painful measures to regain credibility.

[08:47] {Threei} - Will reach our target, to ask the Finance Ministry to formally begin the aid process.

[09:01] {Les} alcohol and antihistimines - the only way to fly during pollen season

[09:02] {Threei} why do you need to fly... if you were intended to you 'd be given wings

[09:02] {Les} i feel like crap, but don't let that spoil everyone else's day. Good morning

[09:02] {Threei} hi

[09:02] {Threei} lol

[09:03] {Threei} btw, yesterday when you decided to leave, we decided you can't

[09:03] {Les} what is this - democracy?

[09:04] {Threei} [13:37] {Threei} I vote against Les leaving

[09:04] {Threei} [13:38] {jfjf64} me tooooooooooooooooooo

[09:04] {Threei} [13:38] {dptl} ye...no slakers :)

[09:04] {Threei} [13:38] {Threei} really

[09:04] {Threei} [13:38] {Threei} fern is in the same time zone, and look - still suffers here with us

[09:04] {Threei} [13:38] {Threei} nopt even speaking of vasilisa

[09:04] {Threei} [13:39] {fernp} true

[09:04] {Threei} [13:39] {Threei} who has 8:40 pm in her neck of the woods

[09:04] {Threei} [13:39] {dino} 1:40 here

[09:04] {Threei} [13:40] {Threei} 10:40 am here

[09:04] {Threei} [13:40] {shorty} 11:40

[09:04] {Threei} [13:41] {Threei} patience, I can't even begin to calculate her time right now

[09:04] {Les} Or are you setting global precedence for tyrannic rule by decree?

[09:04] {Threei} see? voting

[09:04] {Threei} so yeah, democracy

[09:04] {ese} gm

[09:05] {Threei} ese :)

[09:05] {Les} well I can leave mibbit running but will walk away anyway when I have profit target - if that makes you feel better

[09:05] {ese} hey vad

[09:06] {Threei} just give some signal that you are still suffering with us, and we will be more than happy :)

[09:06] {ese} following anything in particular

[09:06] {Les} ha. just being here tells you I'm suffering ;)

[09:06] {Threei} not really

[09:06] {Threei} most of stocks are move together so far

[09:06] {Threei} don't see anything outstanding

[09:07] {nemo} Is Les Leaving ????

[09:07] {Threei} so it's uisual suspects at this point

[09:07] {Les} yeh had enough of your antics nemo

[09:07] {Threei} lol

[09:07] {nemo} wow, Xmas comes early

[09:07] {Threei} pipe down nemo, that was simply his exit for the evening yesterday :)

[09:08] {ese} dude

[09:08] {Threei} AMAN

[09:08] {Threei} AMZN

[09:08] {nemo} well, that ruins my day

[09:08] {Threei} sudden spasm of happiness

[09:09] {nemo} yeah, turned into diarhhea

[09:09] {Threei} lol

[09:10] {Threei} yeah yeah, you both say so... yet Les was unfocused and almost lost on nemo's day off, and nemo has no drive at all when Les is not here

[09:10] {magoo} aig active'

[09:10] {nemo} now you're slinging it

[09:10] {Threei} and I can't imagine what I'd do if you both took day off

[09:10] {Les} Acura Pharma (ACUR) -40% after an FDA panel voted 19-1 against its Acurox painkiller, designed to discourage misuse. The drug uses niacin, which would cause irritation and flushing if patients take excessive doses, but panelists noted the negative effects could be eliminated by eating food or taking aspirin.

[09:11] {Les} you gotta love human beings. smarter than the average pharma...

[09:11] {Les} acur looks like a dino candidate

[09:11] {Threei} GR) German Deputy Fin Min: Speculation about restructuring in Greece is misplaced

[09:11] {Threei} GR) ECBs Weber: Greece is no strong challenge for Euro stabili

[09:12] {Threei} of course not

[09:12] {fernp} Good morning everybody

[09:12] {Threei} fern :)

[09:12] {Threei} (EU) ECB's Nowotny: Aid for Greece should shield other countries from contagion; blames rating agencies for the worsening of the financial crisis

[09:12] {Threei} yesss!!

[09:12] {Threei} that's who caused it all

[09:13] {Les} are these blogs archived long term vad?

[09:14] {Threei} yes

[09:14] {Les} cool

[09:14] {Threei} you can track room logs to the day we started them

[09:14] {Les} I think I could write a book on this place

[09:14] {Threei} 2007 I think

[09:14] {Les} the people in it and the silly BS we are fed by officials every day

[09:14] {Threei} well, since I have copyright on them, you can - but I'll demand my cut

[09:14] {dptl} good morning

[09:14] {Threei} dp :)

[09:14] {Les} ouch

[09:16] {dino} gm all, want to freak out, look esi

[09:16] {Threei} dino :)

[09:16] {RonS} gm all...wondering if ACTG might have some legs...

[09:16] {Threei} ron :)

[09:16] {Les} rewatching Band of Brothers. Damn, you wanna talk sacrifice, there it is. Greek people don't know meaning of the word

[09:16] {dino} good series, pacific is good too

[09:17] {Threei} uh oh

[09:17] {Threei} here goes:

[09:17] {Threei} (SP) Spain Fin Min Salgado: There is no risk of contagion for Spain

[09:17] {dino} bucy blood

[09:17] {dino} lol spain, sounds familiar

[09:17] {RonS} esi move off dv report and reaction

[09:17] {lasertrev} morning

[09:18] {Threei} trev :)

[09:18] {dino} cyber shows last at 16 -96.69, bad print

[09:18] {Threei} ACTG esrning are quite spectacular:

[09:18] {Threei} Acacia Research Corporation Reports Q1 $0.55 v $0.02e, R $40M v $17M y/y

[09:19] {Threei} fern, do you feel like bailing out Greece?

[09:19] {Threei} well, no one bothered to ask you I or any other citizen guess:

[09:19] {Threei} SP) Spain Econ Min: Spain's contribution to aid package is maximum of 3.67B

[09:20] {Les} wow esi is back in play

[09:21] {Threei} what's the problem with it?

[09:21] {Threei} earning and guidance look OK

[09:21] {Threei} Reports Q1 $2.46 v $2.28e, R$384M v $373Me; Guides FY10 higher to $10.50-11.25

[09:21] {Threei} - New Student Enrollment 23.1K v 19.5K q/q

[09:21] {Threei} - Continuing Students 61.5K v 61.2K q/q

[09:21] {Threei} - Total Student Enrollment 84.6K v 80.7K q/q

[09:21] {Threei} - Raises FY10 EPS $10.50-11.25 v $10.40e

[09:22] {shorty} good morning all

[09:22] {Threei} shorty

[09:22] {Les} KEY has a .20 break that is promising

[09:23] {gen} gm all

[09:23] {Threei} gen :)

[09:25] {RonS} syna 13 mil short, 45% of float

[09:26] {dino} 108 area esi has been bounces

[09:30] {Threei} watching HBAN

[09:32] {magoo} 2 pt candle amzn

[09:32] {Threei} Long Setup: FITB 15 break if stays above .95

[09:33] {Threei} Long Setup: HBAN .15 break

[09:34] {Threei} FITB not a scalp for me if sets up

[09:36] {Les} KEY

[09:37] {Threei} no rinsing FITB

[09:38] {Threei} grrr

[09:38] {fernp} stopped FITB

[09:38] {nemo} stop on hban?

[09:39] {Threei} under .10 for scalpers, .05 for day traders

[09:39] {fernp} HBAN stop, Vad?

[09:40] {magoo} yup

[09:40] {magoo} COF vad

[09:41] {Threei} .50 break COF... risky as hell

[09:42] {Threei} LVS

[09:42] {nemo} fas breaking down finanacials are junk for now

[09:44] {Threei} market losing ground

[09:44] {Threei} out HBAN

[09:45] {Les} stopped .13 moved over to the dark side .09

[09:45] {fernp} stopped HBAN

[09:46] {Threei} MGM

[09:47] {ese} xrx xerox beats

[09:47] {Threei} Long Setup: MGM .20 break if stays above .10

[09:47] {KSystems} morning

[09:47] {Threei} ks :)

[09:48] {Threei} invalidated

[09:49] {dino} idxx

[09:49] {shorty} My wife works for IDXX

[09:49] {Les} and you couldn't give us a heads up this morning shorty!

[09:50] {shorty} sorry

[09:50] {Threei} US) Preview: March New Home Sales due out at 10:00ET

[09:50] {Threei} **consensus expectation: 325Ke v 308K prior

[09:50] {Threei} - most estimates range between 310K and 340K

[09:52] {Threei} MGM setup is back

[09:52] {ese} L gild .03

[09:53] {dino} dv

[09:53] {nemo} in

[09:53] {Threei} both LVS and MGM look like runners

[09:53] {nemo} that would be nice

[09:53] {Threei} LVS broke out

[09:54] {ese} i'm in mgm

[09:55] {nemo} what's the stop mgm .10?

[09:56] {Threei} yes

[09:56] {Threei} wth... am I havng one of those days?

[09:56] {Threei} and Fri again

[09:57] {Threei} maybe someone up there is telling me I need to go to 4 days working week {G}

[09:57] {Threei} LVS new high again

[09:57] {Threei} come on already MGM

[09:58] {dino} cs sm .65 l

[09:58] {dino} apol sm l .50

[10:00] {Les} hban stopped

[10:00] {Threei} US) MAR NEW HOME SALES: 411K V 325KE (% M/M

[10:01] {jfjf64} len tkin off

[10:02] {magoo} early rinse vad, hban cof

[10:02] {magoo} fitb

[10:02] {Threei} yes

[10:02] {ese} out gild .33 +.30

[10:02] {shorty} nice ese

[10:03] {Threei} stop to under .15 MGM

[10:03] {ese} tks

[10:03] {Threei} 1:1 finally

[10:03] {Threei} make up your mind

[10:03] {fernp} ty Vad

[10:04] {Threei} me half

[10:04] {Threei} and stop to .19

[10:04] {Threei} me greedy

[10:04] {ese} out mgm .32 +.10

[10:04] {Threei} 25K little buggers

[10:05] {ese} tks vad

[10:05] {Les} half out .33. resistance .45

[10:05] {ese} no 3k

[10:05] {shorty} ty Threei.

[10:05] {ese} one must not be greedy

[10:05] {nemo} shwere's stop now on mgm?

[10:05] {Threei} well, what one to do if one is stupid...

[10:06] {shorty} CIEN THreei?

[10:06] {Threei} [10:04] {Threei} and stop to .19

[10:06] {Threei} CIEN pullback entry hunt is around .85

[10:07] {shorty} ty

[10:07] {Les} you been taking stupid pills Nemo, or you just wanna be like me?

[10:07] {Threei} MNKD Follow-up Safety Data Show AFREZZA Comparable to Standard Antidiabetic Therapy in Lung Function Tests

[10:07] {nemo} the meds suppressing my travelling/homicidal tendencies need rebalancing

[10:07] {Threei} rofl

[10:07] {Les} hehe

[10:08] {shorty} lol

[10:08] {magoo} no quotes on roflol vad

[10:08] {Threei} I have an interesting feeling, you two would be the best drinking buddies should we meet for a party

[10:08] {Les} esi 111 break

[10:08] {nemo} Yeah...I just keep looking at my passport

[10:08] {Threei} it's pink sheets, mags

[10:09] {magoo} ah, the xtra symbol :)

[10:10] {Les} l esi .00

[10:12] {Threei} 1:2, 1/4 more out

[10:12] {Les} all out .39 ty

[10:12] {Threei} me still greedy

[10:12] {shorty} greed is the blood of the economy

[10:12] {Threei} G.Gekko voice in my head

[10:13] {Les} spy rolling over

[10:13] {magoo} thats my voice..im greedIEST

[10:13] {Les} out esi .33 +.33

[10:13] {Threei} oops...

[10:13] {Les} ouch too early

[10:13] {Threei} so that was you all these years whispering in my ear "stop with all that risk control nonsense, buy it all and close your eyes"??

[10:14] {Les} I've made my daily quota. can I leave now?

[10:14] {Threei} NO!!!

[10:14] {dino} idxx sm s .75

[10:14] {Threei} we voted on that yesterday

[10:14] {Threei} stay and suffer!

[10:14] {shorty} You show off Les.

[10:15] {Threei} IDXX Exec: received subpoena from FTC regarding marketing; investigation is in early stages -conf call comments

[10:15] {shorty} b/o .86 FITB?

[10:15] {nemo} His daily quota is 2 litres of beer

[10:15] {Threei} MGM stop to .25 for the last piece

[10:15] {Threei} no shorty

[10:15] {shorty} ty

[10:15] {Threei} not the sector in play so far

[10:16] {Les} it's not much shorty. Being modest in profit targets for 1st year (real money) tradiung

[10:16] {dino} mos sm l .50

[10:16] {shorty} I was kidding Les. I am just jeleous.

[10:17] {shorty} jealous

[10:17] {Les} don't be. I am learning to back off with much more modest profits than what I imagined when I first came to vad

[10:17] {RonS} aig on a trend...

[10:18] {Threei} les, those will come too, it's simply a matter of walking before running

[10:18] {Les} bingo

[10:18] {Threei} oh dino, this beauty was posted before you came in today, I must repost it for you

[10:18] {shorty} I thought the same Les. The market kicked that thought out the window in a hurry.

[10:19] {Threei} you know who caused Greece crisis, right?

[10:19] {Threei} in case you don't:

[10:19] {shorty} magoo?

[10:19] {nemo} speculators

[10:19] {Threei} - PM says Greece's "ship was ready to sink" and was exposed to speculators.

[10:19] {Threei} - Greece will not allow market's speculators to threaten sacrifices made by Greek people.

[10:19] {Threei} those bastards...

[10:19] {Threei} all humanity problems are their doing

[10:20] {Threei} out last part MGM

[10:21] {ese} L uaua .08

[10:21] {dino} stopped idxx -.30

[10:21] {gen} LVS short +.41

[10:21] {Threei} DCTH Hearing takeover chatter in name (13.18, +0.25, 1.93%)

[10:21] {gen} done for today

06[10:21] * Threei slaps gen around a bit with a large roll of cash

[10:22] {gen} see you all

[10:22] {gen} bye

[10:22] {Threei} take care gen

[10:22] {Threei} that's what they call vene vidi vici I guess

[10:22] {fernp} bye gen

[10:22] {ese} cya gen

[10:22] {dino} cya and gj gen

[10:23] {shorty} bye gen

[10:23] {jfjf64} sndk monster

[10:23] {Les} How's that for blatant favouritism!

[10:23] {Les} Gen walks, and no one bats an eyelid

[10:23] {Threei} well Les, two things

[10:24] {Threei} one, he is from deeply frozen part of the world

[10:24] {Threei} he deserves some slck

[10:24] {shorty} lol

[10:24] {dino} wheres he from?

[10:25] {Threei} winnipeg

[10:25] {Les} isn't that in Mexico?

[10:25] {Threei} and second.. there is an old joke about the guy who heard from a neighbor that he ate pork despite rabbi strict prohibition

[10:26] {Threei} guy went to rabbi to demand permission,

[10:26] {Threei} and when told no asked how come my neighbor does it but I can't?

[10:26] {Threei} answer as you may have figured out already was:

[10:26] {Threei} see, he never asked me!

[10:26] {Les} ugh

[10:27] {nemo} like fdx break of .50?

[10:27] {Threei} see gen asking us whether he can leave?? :)

[10:27] {Les} not going there

[10:27] {Threei} yes hemo, but halt lot

[10:27] {Threei} volatile one

[10:27] {nemo} I'm not blood

[10:29] {nemo} invalimudated

[10:29] {ese} stoped uaua ..03 -}05

[10:30] {Threei} Reportedly G20 seeing large resistance to proposed bank levy

[10:30] {Threei} *note: Canada has been reported over the past few weeks as being opposed to such a measure

[10:32] {dino} f'ng idxx rinsed me and drops a buck

[10:32] {Les} syna .50 b/d?

[10:32] {Threei} probably

[10:32] {Threei} half lot

[10:35] {nemo} nice on syna, jumped right past my order

[10:35] {Les} scalped for +.12

[10:35] {Les} ty

[10:36] {Threei} GE) German Fin Min: expect to meet with German lawmakers on Greece aid on April 26

[10:37] {fernp} XRAY breakout, Vad?

[10:37] {dino} out cs .85, +.20

[10:37] {Threei} I'd really prefer a pullback entry fern

[10:37] {fernp} ok

[10:42] {fernp} CY breakdown, Vad?

[10:43] {Threei} yes, if stays under .05

[10:43] {fernp} ty

[10:43] {nemo} bog offer .02

[10:45] {dino} dv sm l .99

[10:45] {dino} idxx sm s .75

[10:49] {dino} dv stopped

[10:49] {Threei} PFE FDA posts warning letter on inspection of facility; released 4/9

[10:50] {Threei} can't tell the most likely markjet direction for now

[10:52] {Les} s esi .47

[10:53] {Threei} CY 1:1

[10:53] {fernp} 1:1 CY ty Vad

[10:53] {Threei} good spot fern

[10:53] {Les} dino, your read of esi please. db?

[10:54] {Les} or death

[10:54] {Threei} lol

[10:55] {dino} esi coin toss

[10:56] {Les} ok

[10:56] {dino} watch dv, esi, apol together for sign les

[10:57] {dino} i suppose break of .50 esi l

[10:57] {dino} dv moves up

[10:57] {Les} out flat. yes agreed

[10:58] {Threei} Les, remember that article you linked recently, by former convict, about mechanics behind the Fri announcement of SEC case?

[11:00] {Threei} he iehter doesn't remember or just ignores me :)

[11:01] {Les} I do have a life away from the screen vad

[11:01] {Les} sure I remember

[11:01] {Threei} good for you

[11:01] {Les} :P

[11:01] {Threei} so I had a thought (and yes, it gurt)

[11:01] {Threei} hurt

[11:01] {Threei} if he is right, and if SEC plans other suits against other banks,

[11:02] {Threei} Fridays may be come announcement days

[11:02] {Les} fas/market should be telegraphing us that signal

[11:04] {ese} Lstx .49

[11:05] {Les} some really choppy action in finnies today

[11:05] {Les} bear meat grinder

[11:05] {magoo} 6 point pllbk amzn vad

[11:05] {magoo} was 140 afterhours

[11:06] {Threei} mags

[11:06] {Threei} GS

[11:06] {Threei} short

[11:06] {Threei} 159 break

[11:09] {magoo} AMZN read vad??

[11:09] {RonS} kindle

[11:09] {dino} esi db now imo

[11:09] {Les} ok

[11:10] {nemo} mos dino

[11:11] {Threei} one more pullback AMZN, and should become long around .30 - .40

[11:12] {Les} gs long here?

[11:12] {Threei} GS short never triggered and invalidated now, but long becomes a play, yes

[11:12] {Threei} .53 offer break probably

[11:13] {dino} mos in its own world today, pot up, cagc up

[11:16] {Threei} .36 bottom for the pullback

[11:17] {Threei} 11:11] {Threei} one more pullback AMZN, and should become long around .30 - .40

[11:17] {Threei} how's that for precision?

[11:17] {Threei} magoevski

[11:17] {Threei} you got it?

[11:18] {magoo} no, no bullets

[11:18] {magoo} took cof

[11:18] {Threei} ok, let me hget this straight

[11:18] {Threei} you yell at me

[11:18] {Threei} I drop everything

[11:18] {Threei} wake up

[11:18] {fernp} HD vad? any read?

[11:19] {Threei} worth a try fern

[11:19] {Threei} start reading AMZN

[11:19] {Threei} hurt my eyes with that goshdarn kindle thingy

[11:19] {Threei} find an amzingly precise entry point in advance

[11:19] {dino} out esi .47, +.47 ty les

[11:20] {Threei} removed about 50 cents from where AMZN was at the moment

[11:20] {Threei} and you ignore it

[11:20] {Threei} that's it

[11:20] {Threei} I am removing myself from the cruel world

[11:20] {Threei} going to Tobet monastery

[11:20] {fernp} HD stop is .15 or .10, Vad?

[11:20] {dino} gun to the head?

[11:20] {fernp} took .20 break

[11:21] {Threei} both are valid fern

[11:21] {fernp} ty

[11:21] {Threei} no dino, just using it as an excuse to drink with monks for a few months

[11:24] {jfjf64} see all later

[11:24] {jfjf64} nice week vad

[11:25] {Threei} take care jf, have a good weekend

[11:25] {Les} gs 159

[11:26] {dino} cya jf

[11:30] {Les} HBAN looking ready for a break. can't see which way

[11:32] {Les} gs b/d now?

[11:32] {Les} .90?

[11:32] {fernp} HD no go

[11:37] {dino} idxx bstop to .44

[11:38] {Les} dino, read on dv please?

[11:38] {dino} cov +.30

[11:39] {magoo} l amzn cross of .50 risky

[11:41] {magoo} never mind

[11:43] {dino} down

[11:44] {Threei} ABIO

[11:44] {Threei} ARCA Biopharma Hearing strength being attributed to chatter that they received approval for SPA (timing uncertain)

[11:44] {Threei} - SPA is special protocol assessment for the design of a clinical trial to assess the safety and efficacy of Gencaro.

[11:45] {dino} ctsh sm l .10

[11:45] {fernp} FULT if breaks .60, Vad?

[11:45] {dino} dv les, looks like dead varmit

[11:45] {Threei} I like it... .63 yesterday's and 52 week high

[11:46] {fernp} ty

[11:46] {Les} yeh thought it would hold 69

[11:47] {dino} gap below around 65

[11:48] {dino} gets close, it it

[11:48] {dino} hit it

[11:51] {Threei} ABIO got away big time

[11:52] {shorty} CIEN nearing .82

[11:55] {dino} cqp

[11:56] {fernp} RHI Vad? you like it?

[11:56] {Threei} chart is right but they all stalled

[11:57] {Threei} see how FULT doesn't dio anything

[11:57] {Threei} market is frozen

[11:57] {fernp} yes. true, ty

[11:59] {Threei} well, I was unfair to FULT

[12:00] {Threei} just 15 min later it's up 3 cents

[12:00] {ese} so far so good stx

[12:01] {Threei} I mean 5 cents

[12:01] {Les} half out .66

[12:01] {fernp} my stop is under .53

[12:04] {Threei} Merck & Co Inc Sees impact from healthcare legislation; expects $150M charge in Q1; affirms target for high single digit EPS growth for 2009-2013

[12:04] {Threei} - The more significant changes and improvements to coverage and access begin in 2014. Many companies will begin to incur costs related to the Health Care Reform legislation starting in 2010. These costs include increased Medicaid rebates and a one-time non-cash charge related to taxes on post-retirement medical benefits.

[12:04] {Threei} - Accordingly, in the first quarter of 2010, Merck anticipates that Medicaid rebates and other impacts will reduce revenue by approximately $35M

[12:05] {Threei} For the full year 2010, Merck anticipates that the increased Medicaid rebates (including Managed Medicaid) and other impacts will reduce revenue by approximately $170M, which includes the first quarter impact of $35M mentioned above.

[12:05] {Threei} - estimates that the unfavorable sales impact related to the passage of this legislation, in 2011 will be approximately $300-$350M.

[12:06] {Threei} so, on a surface plan works - there is a wealth redistribution from companies to people

[12:06] {Threei} in reality I suspect it won't

[12:06] {Threei} either companies simply add the cost to their prices

[12:06] {Threei} thus triggering next inflation wave

[12:07] {ese} out stx 1/2 .64 +.15

[12:07] {Threei} or they don't for this or that reason, and it results in job loss

[12:07] {shorty} with higher interest rates?

[12:07] {Threei} ?

[12:07] {Threei} sorry, lost me

[12:07] {shorty} inflation wave?

[12:07] {Threei} what;s the connection?

[12:08] {Threei} they pay more in benefits, they injcrease prices - classic inflation spiral

[12:08] {ese} out in full +.12 second 5k

[12:09] {Threei} wtg ese

[12:09] {Threei} imagine simplified scheme:

[12:09] {ese} tks.....waited on it and was averaging in below .50

[12:09] {Threei} there is just one company and 10 workers, they are also buyers of company's product

[12:10] {Threei} company sells item for 100 bucks and pays 50 to workers, 5 a head

[12:10] {Threei} something eats into company's bottom line

[12:10] {Threei} in this case this something is payout to workers

[12:11] {Threei} instead of 50 it has to pay 80, 8 a head

[12:11] {Threei} company adds 30 to product cost

[12:11] {Threei} so now it's 130, payout is 80

[12:12] {Threei} nothing changed except a step is made in inflation

[12:12] {Threei} independently of interest rates

[12:12] {shorty} that was a nice explanation

[12:13] {Threei} FED monetary policy justifiers made everyone believe interest rates is the only factor and lever in inflation

[12:13] {Threei} end all be all

[12:13] {Threei} it's far from truth

[12:13] {RonS} ...and government excludes the company from "official" inflation, so there is none

[12:13] {shorty} If you have an explanation for why interest rates go up to slow inflation that would be great, or I can google it.

[12:13] {Threei} well, the idea is:

[12:13] {Threei} there is cost to money

[12:13] {shorty} interesting RonS.

[12:14] {Threei} since economy is based on borrowing

[12:14] {Threei} you provide cheap money - demand increases

[12:14] {shorty} demand increases

[12:14] {Threei} you want to cool demand down - you increase rates

[12:14] {shorty} got it.......

[12:14] {shorty} ty

[12:15] {Threei} fine in thoery

[12:15] {Threei} in practice, ever since Fed came into existence, inflation eliminated bout 95% of dollar cost

[12:15] {Threei} 1913 dollar is about 3-5 cents of today's

[12:16] {Threei} ummm... other way around, lol

[12:16] {shorty} a lot of things look good on paper, but don't necessarily work once applied.

[12:17] {Threei} yeah... russian saying, hard to translate somewhat... "Smooth ride on papermap, too bad there are chasms in the ground"

[12:17] {shorty} dino, ZION reversal here? at resistance.

[12:18] {Threei} dptl will help with better tanslation when puts down that galss with vodka

[12:18] {shorty} i like that saying Threei.

[12:18] {RonS} ...running FIG

[12:20] {RonS} IYR tops 52 wk high today

[12:20] {Threei} another important thing to remember about inflation as far as its impact on us goes:

[12:21] {Threei} inflation is not necessary universal, in a sense of spread evenly

[12:21] {Threei} if computers ad DVD players and big screen TVs got cheapr but drugs got more expensive,

[12:21] {Threei} impact on you will depend on whether you are 25 or 75

[12:22] {shorty} Thanks for the lesson guys. It's a lot more clear now.

[12:22] {dino} zion dk

[12:22] {fernp} 1:1 FULT

[12:23] {fernp} ty Vad

[12:23] {Threei} :)

[12:23] {Threei} and then there is galloping inflation if things go to hell in a handbasket, and currency loses its value in 1000%

[12:23] {Threei} for the most of civilized world it's pure theory

[12:23] {shorty} That is when I head for the hills

[12:23] {Threei} but I witnessed it and let me tell you,

[12:23] {Threei} when you see an old man who put away 10K roubles by saving his whole life

[12:24] {Threei} when a car cost 5-6K

[12:24] {Threei} looking at the shelf where a box of matches sits

[12:24] {Threei} with price label 25K

[12:24] {Threei} you don't laugh

[12:24] {Threei} this is life destruction, pure and simple

[12:25] {shorty} wow.....I have been pampered my whole life. I used to cry because I didn't get frootloops, but instead got cheerios for breakfast.

[12:26] {RonS} ...but let's not talk about yesterday Shorty...

[12:26] {nemo} notice for all these "good" earnings announcements, the market really isn't moving

[12:26] {shorty} lol

[12:26] {Threei} yes nemo but it dodn't drop on a day when most earning were bad either

[12:27] {RonS} sks winding up, see a play here 3i?

[12:27] {Les} 2nd half out fult ty fern

[12:27] {Threei} it opened down and recovered

[12:27] {Threei} SKS runs with retailers strength...

[12:28] {Threei} is there clear leader in that sector?

[12:28] {Threei} not that I see right away

[12:28] {Threei} I like chart Ron

[12:29] {RonS} been a laggard but w/ 42% of float shrot just thinking that a squeeze here

[12:29] {Threei} I am not sure it's a right time for this chart

[12:29] {Threei} but the risk is minimal if it breaks from here

[12:29] {Threei} so why not

[12:29] {Threei} both daily and intraday are beautiful

[12:30] {RonS} sks serious squeeze could mark a retail top. But the real story in the dicretionary run has been the casual diners. Look at things like cmg and cake...sheesh

[12:32] {magoo} read FCX vad??

[12:32] {Threei} none

[12:35] {ese} I'd like to reiterate nemo's comment about the mrkt not moving much on good earnings announcement....plus it seems to me that stocks are trading a litte thinner

[12:36] {ese} L gild.17

[12:40] {Les} ESI setting up

[12:43] {Threei} lol, got bored with waiting and set up automated entry for SKS, to experiment with it

[12:43] {Threei} worked like charm

[12:44] {Threei} set stop limit with .85 trigger, .86 chasing

[12:44] {Threei} got me in at .85 after fitst print at that price

[12:45] {Threei} who wants this kind of things, OMS module works perfectly on Laser

[12:45] {Threei} MNKD Hearing Rodman Renshaw makes positive comments (timing uncertain)

[12:45] {Threei} Note: Earlier MNKD released information showing Follow-up Safety Data on AFREZZAComparable to Standard Antidiabetic Therapy in Lung Function Tests

[12:47] {fernp} SKS stop is under .80, no Vad?

[12:48] {Threei} for scalp, yes

[12:48] {Threei} cute little C&H

[12:48] {fernp} ty

[12:48] {Threei} if want a trade based on daily strength, short squeeze etc, suopprt is 9.70

[12:49] {Threei} and for a swing trade, 9.50

[12:49] {fernp} is friday... .79 is my stop :-)

[12:49] {Threei} can't blame you :)

[12:49] {Threei} just providing reads for all possible types

[12:50] {Threei} and we have a few impossible here

[12:50] {fernp} i know

[12:50] {Threei} (fern slants at les and nemo)

[12:50] {fernp} lol

[12:51] {Les} huh my name mentioned?

[12:53] {Les} out esi +.26

[12:54] {fernp} MOS 53.10 break, vad?

[12:55] {Threei} chart is perfect

[12:55] {Threei} with clear sailing for 30 cents at least

[12:55] {Threei} if nly market helps

[12:55] {fernp} 53.05 break is valid too?

[12:56] {Threei} I'd prefer .10

[12:56] {Threei} a lot of nasty orders there

[12:56] {fernp} ok

[12:57] {Threei} EUR/USD (FR) France Fin Min Lagarde: Greece aid package should stabilize the Euro; all members in favor of a stable Euro as volatility is 'not good'

[12:57] {Threei} neither are those damn speculators

[12:57] {Threei} they strive on that damn volaitlity

[12:57] {Threei} if only we could drown them all

[12:59] {Threei} SKS baby

[12:59] {fernp} stop under 53 or .95, Vad?

[12:59] {Threei} 53

[12:59] {fernp} ty

[12:59] {Threei} pesky scalpers got 1:1 SKS

[13:00] {Threei} nice spot Ron

[13:00] {Threei} and fully automated trade for me via OMS

[13:01] {RonS} yw

[13:02] {fernp} ty for SKS Ron. out here

[13:02] {Threei} FDIC's Bair: new resolution authority will make it clear to markets that there will be no more govt bailouts - CNBC interview

[13:02] {Threei} really?

[13:03] {Threei} heh

[13:03] {Les} aig looking for hod

[13:04] {RonS} ...until there are no bailouts on big fails the amrket will think there will be bailouts...what planet is she on?

[13:04] {Threei} amazing,... real problem (overleveraged bad loans) is totally substituted by fake one (damn derivatives)

[13:04] {nemo} It's like GM paying back their debt

[13:04] {nemo} all BULLSHIT

[13:04] {nemo} TAURINE EXCREMENT...sorry

[13:04] {Threei} right

[13:05] {RonS} quit parsing words nemo

[13:05] {Threei} to put an analogy to it,

[13:05] {Threei} derivatives is insurance

[13:05] {shorty} I thought they only have to pay a portion of it?

[13:05] {Threei} if more than certain % of insured claim their payout, insurance comoany goes belly up

[13:05] {Threei} any of them

[13:06] {RonS} ...people are so stupid...modern life and civilization itself is a derivative

[13:06] {Threei} their screams that AIG made out more best than it could cover is BS

[13:06] {Threei} any insurance comoany works like this

[13:06] {Threei} none of them can cover all its bets

[13:06] {Threei} it's and odds game

[13:06] {Threei} and = an

[13:06] {Les} esi pullback 111

[13:07] {Threei} if there were no bad loans in such overwhelming numbers, there would be no problem with deriivatives

[13:07] {fernp} MOS 1:1

[13:07] {Threei} root of the disaster is those loans

[13:07] {Les} aig .90 break?

[13:07] {Threei} good one fern

[13:07] {Threei} can't tell les

[13:07] {RonS} ...am holding for the .30

[13:08] {Threei} SKS 1:2

[13:08] {fernp} ty vad

[13:08] {dino} ed's waking up

[13:08] {dino} apol and dv sm l break of .00

[13:10] {Threei} FDIC's Bair:

[13:10] {dino} oh no

[13:10] {Threei} - says wind down authority is necessary; bankruptcy of large firms would be too abrupt for markets, noting Lehman as an example.

[13:10] {Threei} - highlights that the process for large banks will be similiar to that of what smaller banks undergo every Friday (reference to the FDIC closures released on Fridays); including removal of senior management, creditors and shareholders will deal with similiar situations of bankruptcy, secured creditors will be compensated to the extent of collateral

[13:10] {Threei} - resolution authority will require counterparties to make good on commitments (highlights this is in contrast with the Lehman failure where counterparties took out better quality collateral)

[13:10] {Threei} - expects bank failures to peak by end of this year (more than 140 for 2010, which is less than forecast three months ago)

[13:14] {RonS} rails just keep chugging

[13:16] {Threei} 60% Say Capitalism Better Than Socialism

[13:17] {Threei} and 40 % can't read

[13:17] {fernp} only 60%?

[13:17] {magoo} oh yeah..well 40% say it isnt he he

[13:17] {Threei} 18% disagree, while 21% are not sure

[13:17] {Threei} sorry... 21% can't read

[13:17] {Threei} and 18% can't make a damn cent and need someone to hand it to them

[13:18] {Threei} NUNAM

[13:18] {Threei} NUAN

[13:18] {Threei} NUAN Reportedly looses patent infringement case against Microsoft (18.17, -0.24, -1.30%) (related MSFT )

[13:18] {Threei} USD/CNY G20 communique likely to refrain some specific mention of the Yuan - unconfirmed report

[13:18] {Threei} - Communique may or may not mention Greece issue

[13:19] {nemo} rimm could be short under .60

[13:19] {dino} mos sm l .10

[13:20] {Threei} hah

[13:20] {Threei} here is interesting dichotomy confirming that most can't read:

[13:20] {Threei} However, its important to note that just 35% believe a free market economy is the same as a capitalist economy. In fact, despite tepid support for capitalism, 77% of Americans prefer a free market economy rather than a government managed economy. Thats consistent with the 75% who say that business is better at customer service than government.

[13:23] {Les} whatever. I leave you with your strange anecdotes. bon weekend a tous

[13:24] {Les} drinkies time! and a movie would be nice tonight. ciao

[13:24] {Threei} sigh

[13:24] {shorty} salut Les, bon weekend aussi.

[13:24] {nemo} feels much better already

[13:25] {Threei} you serve them one winning trade after another, and they don't want to listen to your strange anecdotes... :(

[13:25] {nemo} I neveer said that

[13:29] {RonS} ...sheesh, snowing here...poor tulips...

[13:30] {Threei} wow

[13:30] {shorty} Denver is worse than Calgary RonS.

[13:31] {RonS} ...in the Spring the lows come from the gulf and big snow can happen as the moisture hits the altitude

[13:31] {RonS} ...tomorrow will be 50 and sunny...

[13:32] {ese} i dunno about that shorty....i lived in calgary for a year and man....most days you get all 4 seasons together as well as all 3000 weather conditions at once

[13:32] {ese} every couple of days

[13:33] {RonS} popular local saying here...if you don't like the weather wait 10 minutes and it will change

[13:33] {ese} big time true for calgary

[13:34] {shorty} True ese. You lasted a year? I need to move to BC.

[13:35] {ese} taught at Senator Riley Senior Secondary in High River

[13:36] {shorty} Do you have a read for CIEN Threei?

[13:36] {ese} my wife got a job here and i followed her career

[13:36] {RonS} ...what a short name...

[13:36] {ese} have never looked back....that was 22 years ago

[13:37] {shorty} High River, every year residents pump out water because of flooding. lol I would not move to a place called High River. I have friends there.

[13:37] {shorty} Trying to get my wife to move to Victoria actually.

[13:38] {RonS} lol, and i thoought it was a river with a lot of joints...

[13:38] {shorty} lol

[13:39] {ese} also...the one and only time i thought i was going to die.......flying into calgary coming down out of the moutains.....plane hit some kind of weird air vacume and litterally dropped out of the sky a few people didn't have there seat belts on and endedup on the ceiling of the plane

[13:39] {magoo} vad, lets look for bounce plays in gs and amzn

[13:40] {RonS} dino mos is killin me. you still in?

[13:41] {shorty} ouch ese.

[13:42] {ese} i had my seat belt on......when ever i'm flying anywhere....i arrange it so that i don't land in calgary........unless it's absolutley necessary

[13:43] {shorty} Anyone see a b/o play for CIEN .08? Looks like accumulation is happening.

[13:43] {Threei} CIEN... not really

[13:43] {RonS} ...shold only happen on summer afternoons ese...

[13:43] {shorty} Calgary and Denver ese. I always have my seatbelt on whenever I fly, because of stories like yours.

[13:44] {shorty} ty Threei

[13:45] {Threei} AMZN , mags...

[13:45] {Threei} a few more min of conlsolidation

[13:45] {Threei} then break

[13:46] {Threei} no chasing, let it pull back

[13:46] {magoo} in 142.60 boss

[13:47] {ese} i would think Denver would be the same Ron......weird air currents coming out of the mountains can't make it eay for jpilots

[13:47] {magoo} thought u were blowing me off cause of last time

[13:47] {nemo} How id you pick 142.60?

[13:47] {ese} easy

[13:48] {magoo} yea...near lows..ytake .60 stop loss of .50 little risk

[13:48] {magoo} clrity, stop is the loss of .50

[13:48] {ese} come on gild.......

[13:49] {magoo} play the levels...00 .50

[13:49] {magoo} next hurdle is .50

[13:51] {magoo} natural stop now is .99, and if it re-takes 143.00 just reload it...the ole IN and OUT

[13:53] {magoo} i wanna catch a RIPPPPPPp..mega points but it aint happening

[13:54] {nemo} Vad, wish you had answered me on that RIMM short at .60

[13:54] {Threei} when?

[13:54] {Threei} sorry, I missed it completely

[13:54] {fernp} Have a nice weekend everybody. See you all on monday

[13:55] {Threei} take care fern, have a good one

[13:55] {RonS} cya fern

[13:55] {ese} 1/2 out gild .26 +.09

[13:55] {nemo} [13:19] {nemo} rimm could be short under .60

[13:55] {magoo} FERN WAITTTTTTT

[13:55] {ese} remainder to break even .17

06[13:55] * magoo slaps fernp around a bit with a large trout

[13:55] {ese} stop on remainder

[13:56] {fernp} thank you mags. I feel better, You are back

[13:56] {shorty} bye fernp

[13:56] {Threei} that was nice one, RIMM

[13:56] {Threei} good setup, I'd have liked it if saw your post

[13:58] {ese} out in full gild .33 +.14 on remainder

[13:58] {magoo} MGM climbing strong..not in

[13:59] {magoo} amzn needs to blitz .50, hold .50 on pllbk and assualt 144

[14:03] {dino} pega

[14:04] {magoo} gs l take of .50

[14:04] {dino} out ctsh +.03 thing won't move

[14:06] {magoo} out amzn + .57

[14:06] {magoo} cant get the RIP

[14:06] {magoo} UAUA

[14:06] {Threei} it's Fri

[14:06] {magoo} UAUA

[14:13] {dino} pega sm l .06

[14:16] {magoo} AIG ate big offer at .60

[14:17] {Threei} http://www.realitytrader.com/blackboxforex.html

[14:18] {dino} rino .76 sm l

[14:18] {KSystems} beautiful :D

[14:18] {Threei} UAUA Hearing strength attributed to positive comments from JP Morgan analyst (timing uncertain)

[14:18] {Threei} - JP Morgan raises estimates and price target boosted to $27.50 from $25.50

[14:24] {magoo} ty boss

[14:24] {RonS} c&h daily on glw w/ earnings 4/28

[14:25] {magoo} out .47

[14:25] {magoo} + .18

[14:25] {magoo} UAUA

[14:29] {magoo} now nemo, good exam of what i was saying

[14:29] {magoo} out .48, reloaded .50 out .67

[14:29] {nemo} in what uauau

[14:29] {magoo} yea

[14:29] {magoo} just cause take out, doesnt mean u cant reload

[14:30] {dino} out apol +.10

[14:31] {dino} out mos +.28

[14:31] {Threei} magoo

[14:31] {shorty} amazing dino

[14:32] {Threei} in venue of over-the-weekend sould-searching, do you know what your greatest strength is?

[14:32] {magoo} ignorance??

[14:32] {Threei} no, that's mine

[14:32] {Threei} don't compete on my turf

[14:32] {Threei} ease with which you move in the market and out of it

[14:33] {magoo} ability to sleep thru anything??

[14:33] {Threei} for a lot of people each new trade is almost agonizing decision

[14:33] {Threei} for you it's just a click

[14:34] {Threei} this liquidity is a huge help in mobile market

[14:34] {magoo} i flip alot each day]

[14:34] {magoo} long short dont care

[14:35] {magoo} reload uaua .75

[14:35] {magoo} in

[14:35] {magoo} try .93

[14:35] {magoo} in amzn too 143

[14:35] {Threei} also, you are hyperactive {G}

[14:35] {magoo} but thanx i guess lol

[14:36] {magoo} there is a method tho..was trying to convey that

[14:36] {dino} sm l pot .07

[14:36] {Threei} totally

[14:36] {Threei} method, self control and ease of execution... golden combination

[14:37] {magoo} out .90 2k, +.15 see

[14:37] {magoo} a methiod

[14:41] {magoo} if i could only catch a RIPPPPPPPPP in amzn

[14:41] {magoo} id call it a day

[14:41] {magoo} no i wouldn't :)

[14:41] {Threei} lol

[14:41] {magoo} i want 145 area

[14:42] {Threei} in life, we don't always get what we want

[14:42] {nemo} any bets we end on day highs

[14:43] {RonS} out sks 10.7 +.37 :), scratched mos :/

[14:43] {Threei} wtg Ron

[14:43] {RonS} 10.7=10.17

[14:43] {Threei} beautiful trade

[14:44] {shorty} I missed that one

[14:44] {Threei} everything came toghther for it

[14:44] {Threei} charts in all time frames, fundamentals, right sector, short squeeze and market help

[14:44] {Threei} rare case when it's this easy - AND works

[14:44] {RonS} ya know, last Friday, i saw a rather young mand driving a new Ferrari w/ the license plate: SHRTSQZE

[14:45] {Threei} lol

[14:45] {magoo} ROFLOL

[14:45] {RonS} ...it really stuck me, but i was kinda embarrased to bring it up

[14:46] {RonS} stuck=struck

[14:46] {magoo} actually, thats AWESOME

[14:46] {Threei} I can see magoo ordering plate saying "I live for MOMO"

[14:47] {RonS} momomagoo

[14:47] {magoo} MOMOTRDR

[14:47] {Threei} or "LOCO RULEZ"

[14:47] {magoo} id buy a porsche tho

[14:47] {Threei} Cayenne too

[14:48] {shorty} lol

[14:49] {magoo} id keep eye on GS here

[14:49] {magoo} out of bullets me

[14:49] {magoo} loaded up amzn

[14:49] {RonS} ...if you drive a Cayenne in Cheyenne can you still be a cowboy?

[14:50] {RonS} absolute proof ther is no justice: http://www.msnbc.msn.com/id/36723890/ns/us_news-wonderful_world/?GT1=43001

[14:50] {shorty} A coka cola cowboy maybe, I have no idea what that means, but my ranching buddies would call city folk that name.

[14:51] {shorty} I wonder if he will buy a set of teeth.

[14:51] {RonS} teefs

[14:51] {Threei} lol Ron

[14:52] {shorty} lol

[14:52] {Threei} had just $28.96 in his bank account; plans dentistry, Disney trip

[14:52] {Threei} your question is answered shorty

[14:52] {Threei} he will

[14:53] {shorty} Now I can get on with my life

[14:53] {dino} pega stopped -.22

[14:54] {magoo} read UAUA vad? i do not

[14:55] {ese} i'm brain dead people......everything looks the sae right now......i'm gonna pack it in for the weekend

[14:55] {ese} same

[14:55] {magoo} ESE WAIT

[14:55] {RonS} cya ese

06[14:55] * magoo slaps ese around a bit with a large trout

[14:55] {Threei} take care ese

[14:55] {ese} ahhhhhhhhhh tks mags

[14:55] {shorty} bye ese

[14:56] {ese} cya vad....been a good couple of days.....maybe the venting on wednesday helped

[14:56] {Threei} :)

[14:56] {dino} cya es

[14:56] {Threei} UAUA, rather up but like 52/48, mags

[14:57] {magoo} ya ya

[14:57] {magoo} read AIG vad, maybe gonna xplode? i dont no

[14:58] {Threei} someone should complain to PETA or something about systematic elimination of bears in the market

[14:58] {Threei} drawing total blank on AIG, sorry

[14:58] {shorty} ASBV b/o Threei

[14:58] {shorty} ASBC

[14:59] {Threei} b/o??

[14:59] {Threei} I don't see it

[14:59] {dino} pot to .49

[14:59] {Threei} as in body odor, yes... and very strong

[14:59] {shorty} that bad?

[15:00] {Threei} total stinker :)

[15:00] {dino} pega rinse

[15:00] {dino} out pot +.42

[15:00] {shorty} Do you want me to stop, or keep them coming?

[15:01] {Threei} of course keep them

[15:01] {Threei} it's a great learning process

[15:02] {Threei} Ron, want a great story about irony of lottery winnings?

[15:02] {Threei} real story, from Winnipeg, about 10 years ago or so

[15:02] {nemo} as long as they keep printing money the value of the money goes down so the stocks go up, we could end up at record highs before this is through

[15:03] {RonS} ...ok

[15:04] {dino} pega l .20

[15:04] {Threei} and hey, Les is not here to grumble about our strage anecdotes

[15:05] {Threei} so, guy is what you can call a total trash - constantly drunk, on light drugs,

[15:05] {Threei} works on his brother's farm manually loading tracks with hay, manure and other crap

[15:06] {Threei} about 2-3 times a year goes to jail for a few days or weeks for small time crimes

[15:06] {Threei} and generally enjoys life.

[15:06] {Threei} Sure enough, he goes ahead and wins 12 millions

[15:06] {Threei} Next 3 years, he never goes sober,

[15:07] {Threei} one of favorite entertainments:

[15:07] {Threei} gathers about 10 closest friends,

[15:07] {Threei} they go to the nearest Chrysler dealership, buy 10 Jeep Cherokees,

[15:07] {Threei} drive to the fields and chase each other

[15:07] {Threei} leaving totalled cars in the morning

[15:08] {Threei} and making dealership happy again in a few weeks

[15:08] {Threei} small crime spree wisde, the only thing changed is now he is in jail 6-8 times a year

[15:08] {Threei} 3 years later - empty pockets, works on his brother's farm in his old position

[15:09] {Threei} tell me it's not ironic

[15:09] {RonS} ...too much...he needed a law firm: Dewey, Cheatham and Howe

[15:10] {dino} should've at least bought the farm

[15:11] {Threei} but he may have lacked the money to make dealership ahppy then

[15:11] {RonS} ...saw Billy Martin throw dice one time in Vegas. He maintaine that if you died with one red cent in your pocket, you lost

[15:11] {shorty} Reminds me of this story: http://www.associatedcontent.com/article/95216/a_homeless_man_blows_100000_of_free.html

[15:14] {Threei} AONE DOE closes previously announced $529M loan for Fisker Automotive at Delaware GM plant

[15:14] {Threei} Department of Energy Announces Closing of $529 Million Loan to Fisker Automotive Manufacturing at Shuttered Delaware GM Plant Expected to Create Over 2,000 Jobs

[15:14] {Threei} - The Department of Energy announced today the closing of a

[15:14] {Threei} $528.7 million loan with Fisker Automotive for the development and production of two lines of plug-in hybrid electric vehicles (PHEV). The loan will support the Karma, a full-size, four-door sports sedan, and a line of family oriented models being developed under the company's Project NINA program.

[15:19] {magoo} vad, futes launch..u got any candidates?

[15:20] {Threei} sadly, not really

[15:20] {dino} out pega .97, +.77

[15:20] {dino} skie r oni baby

[15:21] {dino} spike

[15:23] {RonS} dang dino, gj

[15:23] {dino} lucky lay out, ty

[15:28] {dino} out dv sh*t trade, +.19

[15:28] {dino} rino wall at .80

[15:33] {dino} stopped rino -.06 ave

[15:36] {dino} ctsh .16 l

[15:38] {dino} stop to .17

[15:39] {dino} to .19

[15:39] {dino} to .21

[15:41] {dino} out .22 +.06

[15:41] {dptl} good weekend all...see ya monday

[15:42] {RonS} cya dp

[15:42] {dino} cya dp

[15:42] {shorty} bye dptl

[15:43] {dino} cymi .96 l

[15:43] {Threei} take care dp

[15:46] {shorty} have a good weekend everyone

[15:46] {Threei} you too shorty

[15:50] {dino} cya shorty

[15:52] {dino} cymi stop is .93

[15:54] {Threei} okay guys, let's call it a day

[15:54] {Threei} another bear slaughter

[15:54] {magoo} ty vad

[15:54] {nemo} c ya....might not be trading next week

[15:54] {RonS} good weekend to you Threei

[15:55] {Threei} no way nemo

[15:55] {Threei} you can't disappint les this much

[15:55] {dino} vacation nemo

[15:55] {Threei} have a great weekend all, see you on Monday

[15:55] {dino} to .97

[15:55] {dino} cya 3i, cya nemo

[15:57] {dino} out cymi +.01

[15:57] {dino} calling it a week, thx all, decent week

[16:00] {magoo} ty all