Apr 19 2010

Very strong day, with longs on GS (for +$1), WFC (+.20 and .25), LVS (+.20), AIG, shorts on PALM and JPM... couple small stops didn't even make a dent. Congratulations to our gutsiest trader who hit over $3 run on GS on decent size.

Session Time: Mon Apr 19 00:00:00 2010

[02:40] {KSystems} Guten Morgen!

[08:22] {Threei} Goldman Sachs [GS] commented that the security probe had no broader ramifications for CDOs markets and reiterated that the SEC allegations were "completely unfounded". It did note that the SEC investigation focused on a single 2007 transaction and that SEC had been examining CDO market for the past 18 months

[08:23] {Threei} German Econ Min Bruederle commented that the Iceland volcanic ash crisis was threatening Germany's economic recovery

[08:25] {Les} *DING DONG* - delivery! 1 strong coffee for Vad Graifer

[08:25] {Threei} how do you know?

[08:26] {Threei} I need to check my office for bugs... coffemaker bleeped the same second you said hat

[08:28] {Les} I know I'd be killing for coffee at that time of the day

[08:32] {Threei} well... yeah... but coincidence was almost spooky :)

[08:33] {Threei} GS Paulson's Pelligrini told investigators that the deal being probed by SEC is the only customized CDO deal Paulson conducted with Goldman Sachs - CNBC (160.70, 0.00, 0.00%)

[08:33] {Les} no, no remotely operated cameras here. However, if you were sixteen and blond....

[08:34] {Les} oops, did I just say that?

[08:34] {Threei} interesting that you don't make gender distinction

[08:34] {Les} touché

[08:36] {Threei} IMMU Develops Novel Immunoconjugate for Targeted Delivery of siRNAs to Solid Cancers

[08:38] {fernp} Good morning everybody

[08:38] {Les} doctors appt. back after opening. no big gains please till I get back

[08:39] {Threei} fern :)

[08:52] {Threei} (FR) France official: Global economic recovery increases risks to imbalances

[08:52] {Threei} - G20 nations have to review strategies in order to tackle imbalances

[08:52] {Threei} - The economic impact of Basel 3 and of any tax on banks needs to be studied

[09:03] {ese} morning

[09:04] {Threei} ese :)

[09:05] {dptl} good morning

[09:05] {Threei} dp :)

[09:07] {nemo} gm

[09:08] {Threei} nemo :)

[09:11] {dino} gm all

[09:11] {Threei} dino :)

[09:13] {ese} HSIC dn $51......think that might qualify as a capitulation

[09:13] {RonS} gm gents

[09:14] {Threei} Ron :)

[09:14] {ese} ron

[09:14] {Threei} lol, what kind of fluke is hat

[09:15] {Threei} Sunday, April 18, 2010 9:44:11 PM

[09:15] {Threei} Henry Schein, Inc. Signed a 5-yr distribution agreement with Maayan Ventures' Redent Nova unit (Update)

[09:15] {Threei} - The agreement relates to Redent Nova's dental products.

[09:15] {Threei} that's last news on it

[09:15] {Threei} there are bids at 57 and 58.50

[09:15] {ese} someone is about to make alot of money......looks like its quoting bac up again58.50 by 60.86

[09:15] {dino} bad print

[09:16] {Threei} I'd assume 9 is erroneous prints and will be canceled

[09:16] {dino} 57-63.24 here

[09:16] {Threei} yes if you go by whole lots, and there are 50 share lots inbetween

[09:17] {Threei} 80 shares ask 60.86

[09:20] {Threei} doesn't whole volcanic ash debacle make you think how narrow the band of conditions we survive in is

[09:22] {lasertrev} morning

[09:22] {Threei} it's like the conditions allowing us to live on this planet are just a fluke - very thin, rarity in planet's history and can be taken away at the slightest caprice

[09:22] {Threei} trev :)

[09:23] {Threei} I don't think we need to worry about killing the planet - it will kill us much sooner tyhan we will be able to cause any noticeable damage to it {G}

[09:23] {shorty} good morning all

[09:23] {Threei} shorty :)

[09:23] {nemo} that's always been my point

[09:24] {nemo} 99% of all species that have ever existed are now extinct

[09:26] {ese} banks should theoretically take a beating today.......one of them is being investigated for fraud isn't it? can't remember which one

[09:26] {dino} gs

[09:27] {Threei} dino :)

[09:27] {Threei} lol ese

[09:27] {ese} ahhhhhhhh

[09:27] {Threei} not one of them - The One

[09:28] {Threei} skipping first minutes

[09:28] {Threei} want to see what transpires

[09:30] {RonS} China down big overnight on prop bubble prick

[09:30] {RonS} that would be the story w/o gs and the vol

[09:30] {Threei} yeah, tripple whammy

[09:30] {Threei} GS, China RE and Europe airlines

[09:31] {Threei} if you ask me, it's quite amazing we are down 18 points

[09:33] {ese} only 18......i was thinking huge opening to the dn side this morning

[09:33] {Threei} let's start thinking long on pullback

[09:34] {Threei} WFC, near .50 - .60

[09:34] {dino} dji -5, but most i follow off 1+

[09:34] {Threei} BAC, around 18.10

[09:35] {Threei} we are green ese

[09:35] {Threei} believe it or not

[09:35] {nemo} maybe they think it'll just be a slap on the writ

[09:36] {nemo} wrist

[09:36] {Threei} or not even that - accusations are to be proven yet

[09:37] {ese} weird........man what can you trust vad....sheesh

[09:37] {Threei} OK, pullbacks start

[09:37] {dino} ctsh sm l .75

[09:37] {Threei} you can understand my hesitance to buy breaks this morning

[09:38] {Threei} they didn't work even on Friday morning, before all this hoopla

[09:38] {Threei} after this spike though targets are probably a bit higher for entry

[09:38] {Threei} BAC around .20 - .25

[09:39] {Threei} WFC .60 - .65

[09:39] {Threei} but let's nopt go off pure numbers

[09:39] {Threei} let them get there, then establish firm bottom and narrow range

[09:40] {Threei} one ore sharp leg please

[09:40] {dino} pot 106

[09:41] {dino} ferts stinking again

[09:41] {nemo} reminds me of driving through the german countryside when farmers were spreading "liquified" manure

[09:43] {fernp} C, Vad?

[09:43] {Threei} should be scalpable off .70

[09:43] {Threei} most likely from just under

[09:43] {fernp} ok

[09:43] {Threei} I still have hard tome trusting breakouts

[09:44] {Threei} one more thing, btw

[09:44] {Threei} m aterials may be safer plays than banks today,

[09:44] {Threei} FCX for instance

[09:44] {Threei} looks half lot short

[09:44] {Threei} 80 break

[09:45] {Threei} if stays under .20

[09:48] {Threei} nope

[09:50] {Threei} ARBA lkooks salmonish

[09:50] {dino} all green

[09:51] {nemo} yeah, the financials are taking back what they lost on Friday...figure it's paper tiger talk

[09:51] {Threei} political don and pony show

[09:52] {Threei} wow ARBA

[09:53] {Threei} Long Setup: WFC 33 break

[09:53] {Threei} if stays above .95

[09:54] {Threei} out half

[09:54] {shorty} Out...ty Threei

[09:54] {Threei} scalpers just be happy

[09:55] {shorty} very happy right now

[09:55] {Threei} who partialled, 1/4 more out here

[09:55] {Threei} and offer last piece around .30

[09:55] {dino} ctsh to .15

[09:56] {Threei} GS dropping

[09:56] {dino} out ctsh +.40

[09:56] {shorty} nice dino

[09:56] {dino} ty

[09:57] {Threei} GS 160 break should help WFC for the last target

[09:57] {shorty} I sold all my 300 shares at .11, I bought at 33

[09:58] {Threei} sto b/e still

[09:58] {Threei} stop

[10:00] {Threei} US MAR LEADING INDICATORS: 1.4% V 1.1%E

[10:02] {shorty} LVS had a good run so far

[10:02] {Threei} stop to under .10 WFC

[10:03] {nemo} got that slow grind up day feel

[10:03] {Threei} LEN

[10:03] {Threei} LEN Hearing BofA/Merrill Lynch added to US 1 List (timing uncertain) (20.52, +0.13, 0.64%)

[10:04] {Les} awiav?

[10:04] {Threei} done with WFC for now

[10:04] {shorty} That was fun

[10:04] {Les} nice comeback for spy

[10:06] {Threei} getting pullbacks finally

[10:06] {Threei} hunt's back on,

[10:06] {Threei} BAC, around 18.30

[10:09] {Threei} underestimating strength eh?

[10:10] {Les} bouncing between 50 & 200 just now

[10:12] {dino} titn l .25

[10:14] {Threei} Short Setup: BAC .55 break if holding under .60

[10:14] {Threei} and opposite if market spikes

[10:14] {dino} xrtx l .00

[10:15] {Threei} in aggressively .58

[10:15] {Threei} stop under .55

[10:16] {nemo} thought it was a short?

[10:16] {Threei} [10:14] {Threei} and opposite if market spikes

[10:16] {Threei} two sided setup

[10:17] {RonS} cycc hod, big vol today

[10:17] {Threei} still sleeping nemo?

[10:18] {fernp} stopped BAC

[10:20] {Les} wfc for new hod b/o?

[10:21] {Threei} I doubt it

[10:22] {Les} aig

[10:23] {Les} pmi hod b(/o?

[10:23] {magoo} morn

[10:23] {Threei} mags

[10:23] {Threei} AIG did it traditional out of nowhere spike

[10:24] {Threei} PMI, I'd prefer entry on pullback to about .25

[10:24] {ese} have a look at the vrsn daily chart.......that thing is just cruisin to break through 27

[10:24] {Threei} breakout is toughie

[10:24] {Les} ahh ok

[10:25] {Threei} true ese

[10:27] {Threei} IMMU Hearing speculation circulating that FDA could grant fast track status to IMMU's Lupus drug (3.75, +0.15, 4.17%)

[10:27] {Les} http://uploads.mibbit.com/S8xbUp.gif

[10:27] {Les} is this what you call a flag?

[10:28] {Threei} rather triangle

[10:28] {Les} indicative of a break in any direction?

[10:29] {Threei} not really

[10:29] {Les} ok ty

[10:30] {ese} what egg zactally is fast track status anyway......

[10:30] {ese} some sort of priority over other products

[10:32] {Les} Dino, you got a take on MMR?

[10:33] {shorty} Would you play short WFC break of 33?

[10:33] {Threei} expedient FDA procedure due to importance of the drug in question

[10:34] {Threei} not really shorty

[10:34] {RonS} McMoRan Drops as Q1 Loss Widens, Natural Gas Production Outlook Cut Back

[10:34] {ese} well it seems to me that alchohol fits the same bill

[10:34] {Les} ty Ron

[10:35] {ese} rushing a new bear to market is a great idea

[10:35] {ese} beer

[10:35] {shorty} I second that ese

[10:37] {ese} Hey LES!!!!!!!!!!! theres a fellow in Como at the top of the mountain at the gondola station that brews his beer from mountain snow......smooth man real smooth

[10:37] {shorty} I will take a break and take the kids to the zoo. Finally a gorgeous day in cowtown. Will see you guys this afternoon.

[10:38] {ese} see ya shorty

[10:38] {Les} You made good use of your time in Italy I see ese :)

[10:38] {RonS} is that why beer is yellow?

[10:38] {ese} ahhhhh hmmmmm good question

[10:38] {dino} titn out fLAT

[10:38] {Les} s wfc .98. sorry, ese's beer call distracted me

[10:39] {Threei} MMR Exec: Expect delay of up to one to one and a half years on Davy Jones well - conf call comments

[10:40] {ese} ok all lets go Long Sleemans "Honey Cream Ale"

[10:40] {Les} half out .88

[10:40] {Les} spy

[10:45] {Les} l abk .01

[10:46] {Threei} LVS

[10:46] {Threei} quick pullback closer to 23 for entry

[10:46] {Les} cover wfc +.04

[10:48] {fernp} YGE valid, Vad?

[10:48] {Threei} yes

[10:48] {Threei} nice looking one

[10:48] {Threei} with market help can even be capable of more than scalp

[10:49] {fernp} ty

[10:52] {Threei} LVS pulled back, now need market bounce top try and grab it

[10:52] {RonS} .ndx lod

[10:56] {Threei} US) Fed's Evans: Accomodative policy will remain for quite some time, not seeing much inflation pressure

[10:57] {Threei} YGE works nicely fern

[10:57] {Threei} SQNM Hearing Cantor Fitzgerald makes positive comments (timing uncertain)

[10:57] {fernp} yes, ty Vad

[10:59] {Threei} SQNM nice reaction

[10:59] {dino} mos db maybe

[11:01] {Threei} PRAN New Analysis of Phase 2a Clinical Trial Is Published in the Journal of Alzheimer's Disease

[11:04] {Threei} BKS Reportedly to provide an update of Nook e-book reader software this week

[11:04] {Threei} - update will include web browser and allow for gaming on the Nook.

[11:05] {Les} stopped abk

[11:07] {Threei} PALM Radio Shack stores are not selling Palm smartphones anymore - Sillicon Alley Insider (5.04, -0.55, -9.84%) (related RSH AAPL VZ S DT )

[11:08] {magoo} read AIG here vad?

[11:09] {Threei} not ready for another spike yet, I feel

[11:10] {Les} PALM break of 5 vad?

[11:10] {Threei} most likely, yes

[11:10] {Threei} I'd love to see small bounce first

[11:11] {Threei} to reinforce 5.05 resistance

[11:11] {Threei} or 5.10

[11:11] {Les} ok

[11:11] {Threei} whatever it is, would be nice to see it holding, then breaking support

[11:12] {Les} not shortable

[11:12] {Threei} it is here

[11:12] {Les} you know the routine. 10k on my account please

[11:12] {Les} nice b/d

[11:13] {Les} beautiful breakdown

[11:13] {Threei} very

[11:15] {Les} half out yge +.05 ty fern

[11:15] {fernp} :-)

[11:17] {magoo} FCX bounce time vad??

[11:17] {Threei} I think market is almost ready

[11:17] {Threei} and everything with it

[11:17] {Threei} FCX, LVS

[11:18] {Threei} WFC

[11:18] {Threei} WFC is .80 break trigger

[11:18] {Threei} LVS .75 break

[11:19] {Threei} FCX ,80 break

[11:22] {Threei} with this pullback, aggressive entries become preferrable

[11:22] {Threei} watch for market turn up

[11:23] {Threei} LVS will be .65 break if holdiong .60

[11:23] {Threei} FCX .80 break

[11:24] {Threei} ok market

[11:24] {Threei} time for stunning comeback

[11:24] {Threei} here we go

[11:25] {Threei} come on, you can do more

[11:27] {nemo} stop

[11:27] {Threei} ugh

[11:27] {Threei} totally looked like explosion

[11:27] {fernp} stopped LVS

[11:28] {Les} aig 39

[11:28] {nemo} market is changing

[11:29] {Threei} LVS rinse

[11:29] {fernp} yes

[11:30] {Threei} grrr

[11:32] {Les} aig 1:2

[11:32] {Les} out +.13

[11:33] {Threei} wtg

[11:33] {Les} big concentration of resistance here aig. could rocket following .20/.25

[11:34] {fernp} JPM , Vad?

[11:35] {Threei} one of weaker ones

[11:35] {Threei} I am not delighted

[11:35] {Threei} market turns up, so don't want to short it

[11:35] {Threei} and don't like long on a weak stock

[11:36] {Threei} GE) German Econ Min: There is no guarantee that airlines will receive subsidies for losses related to Iceland volcano ash cloud; need to loosen restriction on nighttime flying and weekend trucking to offset impact

[11:36] {Threei} - European transport ministers to hold videoconference at 1600GMT to discuss trucking rules.

[11:36] {Threei} - May take two weeks to cover air traffic schedules following cancellations.

[11:36] {Threei} getting whacked, JPM

[11:37] {fernp} out JPM +.17

[11:37] {Threei} shorted breakdown?

[11:37] {fernp} 45.04

[11:37] {Les} haha EU wants to sue Iceland now for volcano damage??

[11:38] {Threei} hmm?

[11:38] {nemo} that's too funny

[11:38] {Threei} where do you see that?

[11:38] {nemo} his head

[11:39] {Les} just playing with subsidy talk from German min.

[11:39] {Les} I know England is pissed with Iceland

[11:39] {Threei} oh, ok... I was hoping for the best joke of the year

[11:40] {Les} lol that would be too much

[11:41] {Threei} well, one of better jokes over the weekend was Iceland answering "when is your volcano going to stop erupting?" with

[11:41] {Threei} "well... is our debt forgiven/"

[11:42] {Les} hehehe

[11:45] {Threei} reversal attempt didn't succeed, more downside in order

[11:46] {Threei} Short Setup: JPM .80 break

[11:46] {Threei} if stays under .85 for scalpers, .90 for day traders

[11:49] {Threei} C Exec: Right now everyone is waiting for clarity on what capital requirements will be before deterimining when to reinstate dividends - conf call Q&A

[11:50] {Threei} 1:1 for day traders JPM

[11:52] {RonS} dino, ferts going natural

[11:53] {Les} someone abandoned MOS to the wolves

[11:54] {RonS} ...looks like a h&s breakdown, check the daily

[11:55] {Les} something like that. b/d from 56 nice

[11:56] {dino} brutal couple weeks for them

[11:59] {dino} bucy blood

[12:00] {Threei} need to see how end of dasy works of course, but so far, the selling is fairly contyrolled,

[12:00] {Threei} no panic, no get-me-out-now

[12:00] {ese} would agree with that sentiment

[12:01] {RonS} 1180 break would bring some panic. i have 1181 as downside target from the first hour range

[12:02] {dino} dji not meaningful, ndx, s/p more realistic

[12:02] {dino} resource plays seem to be getting clocked.

[12:02] {ese} I think that is the S&P dino

[12:05] {Threei} but DJI provides much better numbers for 11K parties

[12:06] {Threei} we may have a few of them on daily basis, as market dances around these levels

[12:08] {Threei} EU) ECB's Weber: Greece may need additional aid

[12:08] {Threei} lol

[12:09] {Les} who did they get aid from? I thought they'd manage to raise capital from the markets?

[12:10] {Threei} no they didn't

[12:10] {Les} oh

[12:10] {Threei} bond sales in USA failed, and market borrow rates were wy too high for them

[12:11] {Les} crap, and there is the fate of all European nations that need to borrow. UK, Spain etc

[12:11] {Threei} Portugal, Italy and Spain and major focus now

[12:11] {Les} Vad you got a read on MOS here?

[12:11] {Les} can't tell b/d or long entry on pullback

[12:11] {Threei} I still think short

[12:12] {Threei} 52

[12:12] {Threei} just would like better pronounced resistance level

[12:13] {Threei} no bounce

[12:13] {Threei} if you went for it, keep stop above .15

[12:13] {Les} s .99 small shares

[12:13] {Les} looking to cover .75

[12:14] {Threei} not greatly outlined resistance, I like better defined charts

[12:14] {Les} agreed

[12:14] {Threei} but with market this weak, we are not getting bounces good enough to form those

[12:15] {Threei} don't like this long hesitance... break of major support should produce better falls

[12:16] {Threei} tighten stop to above .10 IMO

[12:16] {Les} k

[12:16] {Threei} no need to get caught into vicious snapback

[12:16] {Les} out. don't like it

[12:17] {Les} and gotta do dinner

[12:17] {Threei} lol... you europians

[12:17] {Threei} doesn't concern you fern, you we like

[12:19] {fernp} nah, not too much

[12:19] {Threei} I meant you personally

[12:19] {Threei} is it bounce time for the market or not yet

[12:20] {Threei} we need little pullback, no new low,

[12:20] {Threei} then break of the high of this bounce

[12:20] {fernp} Spain is on the brink

[12:20] {dino} ctrp sm l .50

[12:20] {Threei} I know... together with Italy and Portugal

[12:21] {fernp} unemployment

[12:21] {fernp} is very high

[12:21] {Threei} let's keep LVS as bounce candidate

[12:21] {dino} ctsh sm l .45

[12:21] {Threei} and WFC

[12:22] {Threei} Long Setup: WFC .50 break

[12:22] {Threei} low of this pullback will be stop level

[12:22] {Threei} loss of .40 will invalidate setup

[12:24] {magoo} AIG vad, bounce??

[12:24] {dino} bucy sm l .50 ave

[12:24] {Threei} not sure mags

[12:24] {Threei} 50/50

[12:25] {Threei} if holding .50 and bounces, will be rather big

[12:25] {Threei} but I don't see easy trigger

[12:25] {Threei} maybe .60

[12:25] {Threei} stop is tight enough

[12:26] {Threei} setups are a little bit like jellyfish today

[12:26] {Threei} no clarity

[12:27] {Les} and nasty sting if mishandled

[12:28] {Threei} nah, just keep the stop... we don't touch those with too wide stops anyway

[12:29] {Threei} WFC is one of the better setups... cleanly defined trigger, tight stop and nice absence of overhead for about 15 cents at least

[12:29] {Threei} just need market cooperation

[12:30] {Threei} see how willing it is?

[12:30] {Threei} (US) Obama Administration to hold first meeting of debt reduction commission on 4/27

[12:30] {Threei} - Fed's Bernanke to testify before the committee

[12:31] {Threei} AIG invalidated

[12:31] {Threei} LVS moved more or less, but I never found clear entry

[12:35] {dino} out ctrp .00, +.50

[12:36] {dino} xrtx gap filled from march

[12:38] {Threei} mags

[12:38] {magoo} yes?

[12:38] {Threei} you may want to start hunting GS

[12:38] {Threei} that's your personal alert

[12:38] {Threei} and maybe jf

[12:38] {dino} ironically the ndx is taking the biggest hit -2.5% from thursday highs

[12:38] {Threei} the rest just stay away

[12:39] {Threei} this is not an alert for sane traders

[12:39] {Threei} WFC, half out

[12:39] {Threei} or take scalp

[12:39] {Threei} your choice

[12:39] {dino} dji rally

[12:39] {Les} out ty and in gs

[12:39] {Threei} I thought you went to cook dinner?

[12:40] {Les} sssh don't tell anyone

[12:40] {Threei} or you had to make some dough first? {G}

[12:40] {Threei} hey, that was not a bad pun... as far as bad puns go

[12:41] {Threei} sigh... not even mercy laugh... I don't like any of you

[12:41] {Threei} where is larisa

[12:41] {Les} sorry wasn't biting

[12:42] {Threei} she wouldn't laugh either but her I like nonetheless

[12:44] {Threei} first partial out GS

[12:44] {Threei} +.50

[12:44] {Les} out GS +.28

[12:44] {Threei} WFC well over 1:2

[12:44] {Threei} 1/4 more out

[12:45] {Threei} notice that with exception of Friday when almost every stock we touched turned into turd, WFC is our most reliable performer of late

[12:45] {Threei} offer 1/4 more GS here

[12:46] {Threei} out .75

[12:46] {Threei} +.85

[12:46] {Threei} mags? jf?

[12:46] {magoo} out nice call ty

[12:46] {Threei} :)

[12:46] {magoo} perfect really

[12:46] {Threei} no specific entry but that was not a call for anyone else

[12:47] {Threei} only for those who have a feel for this kind of movers

06[12:47] * Threei slaps jfjf64 around a bit with a large roll of cash

[12:47] {magoo} magoo runs

[12:47] {Threei} WFC stop for the last portion to under .60

[12:47] {Threei} where do think you are going?

06[12:47] * Threei slaps magoo around a bit with a large roll of cash

[12:47] {dino} out bucy .20, +.70

[12:49] {Threei} out last piece WFC .76

[12:49] {Threei} +.25

[12:49] {fernp} gj Vad

[12:49] {Threei} ty kind sir

[12:50] {Threei} getting bad in the groove after miserable Fri

[12:50] {Threei} back

[12:50] {Threei} last piece of GS, stop under 159 for now

[12:51] {dino} gj

[12:51] {Threei} had full dollar on it but also had other plans for it

[12:51] {Threei} ty dino

[12:51] {Threei} want to try and let it run

[12:51] {Threei} no risk, playing with house money

[12:51] {Threei} stop abput breakeven or profit about two bucks

[12:52] {Threei} look at intraday

[12:52] {Threei} does it have a look of returning to day high if market helps any?

[12:56] {Les} y

[12:59] {Threei} out

[13:00] {Threei} oh well, no two bucks for me

[13:02] {ese} nice one with wfc ladies and gentlemen.

[13:02] {Les} what about me ese?

[13:02] {Les} :D

[13:03] {Les} tough crowd today

[13:03] {Les} spy

[13:03] {Threei} GS Spokesperson: Fabrice Tourre still employed at Goldman, has made personal decision to take time off

[13:03] {dino} same les

[13:03] {Les} fas

[13:04] {fernp} WFC any read, Vad?

[13:05] {Threei} pure technicals wise, should be perfect bounce point

[13:05] {fernp} agree

[13:05] {Threei} but considering general situation with financials, I'd prefer to see GS/SPY leading

[13:05] {fernp} ok, ty

[13:06] {ese} ha ha ......ha ha les

[13:07] {ese} i'm assuming were referring to the gentleman part

[13:07] {ese} and dino

[13:07] {Threei} Les has indentity crisis, ese...

[13:09] {Les} I do believe an Australian citizen was officially recognised as neither male nor female last month

[13:09] {dino} :s

[13:09] {Les} welcome to the new world

[13:10] {dino} evolution, lol

[13:10] {dino} klic gap fill

[13:12] {Threei} WFC should be ready

[13:12] {Threei} 5 cents ranges recross routine

[13:16] {Threei} not this time

[13:16] {fernp} no go

[13:18] {fernp} PDCO any read, Vad?

[13:19] {Threei} .75 break short makes sense but don't count on much

[13:19] {fernp} ok

[13:23] {Les} l wfc .41. spy making higher hi and low, let's see if fas does

[13:23] {Threei} why not .35 cross?

[13:24] {Les} missed it. should have chased

[13:24] {fernp} took .37 here

[13:24] {fernp} stop under .30

[13:24] {Threei} that was a good entry fern

[13:25] {Threei} out yet or partialling?

[13:25] {fernp} out here .50

[13:25] {Les} half .50

[13:25] {Les} all out. pivot .51

[13:27] {Les} pmi crash and burn. db here?

[13:27] {Les} gs back to 159

[13:28] {Les} l gs.05

[13:31] {Threei} no read Les, confirmation level for DB is way too far

[13:31] {Les} ok

[13:33] {Les} stopped gs

[13:35] {magoo} AIG

[13:37] {magoo} fcx next

[13:37] {magoo} tyere is AIG news vad

[13:37] {Threei} no

[13:38] {Threei} AIG Moving higher after Congressman Cummings calls for probe of AIG-GS trades

[13:38] {Threei} here it is

[13:38] {Threei} how do AIG benefits from that??

[13:39] {RonS} ...Congressonal talk over weekend of forcing GS to give money to AIG...

[13:39] {Threei} seriously, anyone understands this connection?

[13:40] {magoo} RON is corret

[13:40] {Threei} sheesh... seriously??

[13:40] {magoo} AIG could benefit from GS scandal

[13:40] {RonS} USSRofA

[13:41] {Les} washington gets its pound of flesh to hide its own complicity

[13:41] {Les} or seeks it

[13:43] {Threei} unfreakinbelieavble

[13:43] {Threei} contract doesn't mean anything

[13:44] {Threei} laws are reversible

[13:45] {Les} out +.14 fcx ty mags

[13:46] {magoo} :)

[13:46] {Threei} good job guys

[13:47] {Threei} Ron, trust me... you don't even know how right you are

[13:47] {Threei} the resemblace is beyind scary

[13:48] {RonS} I know my history Vad, and political philosophy...just sayin, not bragging.

[13:48] {Threei} great to hear

[13:49] {RonS} rule of men v. rule of law...

[13:49] {nemo} steal a hook, hang as a crook; steal a kingdom, be made a duke

[13:53] {ese} ok.....considering going long NVDA like last friday

[13:54] {ese} patience grasshopper patience

[13:54] {magoo} vad, was there BIDU news? or they report tonite?

[13:55] {magoo} its pummeled

[13:56] {Threei} no report

[13:57] {Threei} no news

[13:57] {Threei} Lehman issues subpoenas to other financial firms as part of investigation into the cause of Lehman's collapse, including who may have been shorting the stock - CNBC

[13:57] {Threei} - Lehman subpoenas issued to ifirms including Goldman Sachs Group Inc., SAC Capital Advisors LP, Greenlight Capital Inc. and Citadel Investment Group LLC.

[13:57] {RonS} mags, you do know that Shanghai was down approx 4.5% last night?...

[14:04] {Threei} [IMMU] Reports Progress on Antibody-Drug Conjugate Development at Cancer Meeting

[14:04] {ese} L nvda .56

[14:11] {magoo} .

[14:11] {Threei} GM GM to repay $4.7B in govt loans well before June 1 target date - CNBC

[14:13] {Threei} nice entry ese

[14:14] {ese} tks

[14:16] {dino} gj

[14:16] {dino} fdx sm l .20

[14:19] {ese} wonder if it can hit 17

[14:21] {fernp} MEE is happy

[14:22] {Threei} I would say "we too are happy for YOUUUU", but noone appreciates my sense of humor today

[14:22] {fernp} lol

[14:23] {Threei} thank you

[14:23] {fernp} yw

[14:26] {Threei} if we close in green today and no new shocking news come out, I will be convinced of rally resumption

[14:28] {ese} out 1/2 5k .76 +.20 and change

[14:29] {Threei} wtg

[14:29] {magoo} GS big level 160

[14:29] {ese} out in full 5k more +.19

[14:31] {dino} gj es

[14:34] {magoo} GS

[14:36] {dino} giddy-up

[14:36] {Threei} I think things change folks

[14:36] {Threei} Fri shock wears off

[14:36] {RonS} from Market watch at 2:32: Investors grew more confident the fallout from U.S. regulators' charging Goldman Sachs (GS:$161.15,00$0.45,000.28%) might not be as widespread for gold and gold funds as initially feared, said Stephen Platt, an Archer Financial Services commodity analyst in Chicago.

[14:36] {Threei} market doesn't feel it's a reason for reversal anymore

[14:37] {Threei} and think of it:

[14:37] {Threei} over the weekend we had GS, China RE tightening and Europe airlines disaster

[14:37] {Threei} if we can close in green after all that, or even contain losses to insignificant nnumbers...

[14:38] {Threei} I'd say bears are back in thw world of suffering

[14:39] {dino} dropped roughly 2% on s/p, 2.5% ndx

[14:40] {dino} dai

[14:40] {dino} $4+ dai

[14:46] {Threei} The Goldman Sachs Group Inc Shares move into positive territory for the day after unconfirmed report circulates that the SEC's decision to move forward on charges was split 3-2 along political party lines

[14:46] {Threei} - Vote had Shapiro siding with the Democratic side; 3-2

[14:48] {dino} right now gs is saying, "how much to make this go away"

[14:49] {Threei} in my mind it's a bit different: GS saying "take whatever we offer now, or we will fight this for real and win - then you get nothing"

[14:49] {magoo} GS reports tomorrow a.m

[14:50] {Threei} yeah

[14:51] {magoo} could squeeze

[14:51] {Threei} imo... it will

[14:51] {magoo} 165 area

[14:53] {RonS} Ready to rock your world: http://www.dailymail.co.uk/news/worldnews/article-1267262/Iranian-cleric-Women-wear-revealing-clothing-cause-earthquakes.html

[14:54] {Threei} I believe it

[14:55] {magoo} im in GS 159.60

[14:55] {magoo} looking for squeeze

[14:55] {Threei} maybe lately this connection became less pronounced but I distnictively remember in my youth the earth shaking when thos erevealing clothes walked by

[14:57] {Threei} LVS

[14:58] {dino} out mos +.48

[14:58] {dino} out mos +.43

[14:58] {ese} gotta go....see you tomorow

[14:58] {Threei} if SPY breaks this resistance, LVS become .70 break lonmg

[14:58] {Threei} take care ese

[14:59] {dino} cya es

[15:00] {Les} haven't been able to get a toehold in gs. lots of shakeouts

[15:00] {magoo} i gave u the perfect entry 160

[15:01] {Les} yeh can see need to take trading out of house somewhere in the future

[15:01] {Les} been putting kids to bed

[15:01] {dino} out fdx .60, +.35

[15:01] {dino} back in ten

[15:01] {dino} opps, that was +.40

[15:06] {Threei} LVS over 1:1

[15:06] {Threei} nice to be on the right side of things today

[15:07] {magoo} i should put in a MOC sell vad

[15:07] {Threei} MOC?

[15:07] {magoo} mark on close

[15:07] {Threei} over 1:2 LVS

[15:07] {Threei} oh

[15:12] {shorty} Back, I assume I missed a good day?

[15:12] {Threei} quite

[15:13] {shorty} Had a fun day though.

[15:17] {magoo} resistance is 163..166..185

[15:18] {Threei} lol

[15:18] {Threei} eternal optimist

[15:18] {magoo} im in..this is live ciommentary

[15:22] {fernp} Good evening everybody. See you all tomorrow

[15:22] {Les} ciao fern

[15:22] {shorty} bye fernp

[15:22] {RonS} cya fern

[15:22] {Threei} take care fern

[15:22] {magoo} out 162.84

[15:23] {magoo} plus alot

[15:23] {magoo} 3.24 on 1200 shares

[15:23] {Les} not shabby

[15:23] {Threei} wtg

[15:23] {magoo} gonna looki to reload

[15:23] {shorty} wow

[15:25] {magoo} my type of trade

[15:25] {magoo} mojo..momo

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

[15:25] {Threei} actually, let me correct that

[15:25] {magoo} see the 163 resistance vad?

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

[15:25] {Threei} there

[15:26] {Les} got in a couple of times but not green for it. your 160 break was it.

[15:26] {Threei} don't go for 163 break mags

[15:26] {Threei} total gamble this time

[15:26] {Threei} profit taking at the eod is just as likely as short squeeze

[15:26] {Threei} if you seriously weant it, take small shares

[15:27] {Threei} but above all, preserve your profits

[15:27] {magoo} ya ya agree

[15:27] {shorty} what stock did you trade magoo?

[15:27] {magoo} slap him vad

[15:27] {Threei} look how much you made today, think how much you can give back without regret

[15:27] {magoo} i put the entire trade call in real time'

[15:27] {Threei} and decide that you don't go home with less than X

[15:28] {Threei} GS shorty

[15:28] {Les} tis a nice squeeze

[15:28] {dino} 30 minutes magoo, thats all

[15:28] {shorty} thanks

[15:30] {nemo} gotta' go, c u guys tomorrow

[15:30] {Threei} take care nemo

[15:30] {Les} ciao

[15:30] {RonS} cya nemo

[15:30] {dptl} good evening all

[15:30] {shorty} bye nemo

[15:31] {dino} cya =nemo, dp

[15:31] {Les} Is Nemo sick? why is he so quiet?

[15:31] {shorty} lol

[15:31] {Threei} bye dp

[15:32] {shorty} bye dptl

[15:32] {magoo} in 00 out .51

[15:32] {Threei} wtg

[15:33] {shorty} had a good day magoo?

[15:33] {magoo} ya ya

[15:33] {magoo} i get in a zone sometimes

[15:33] {magoo} can feel it

[15:33] {shorty} awesome, I hope to get there one day.

[15:34] {Threei} good is understatement of the week

[15:34] {Threei} mags killed it

[15:34] {magoo} took alot of pain

[15:34] {shorty} I love it.

[15:34] {Les} well if we could get a paging system happening here, I'd like to be in it too...

[15:34] {Threei} well mags, that's because you have different philosophy than I do

[15:34] {magoo} i mean, to get the feel...alot of hard lessons

[15:34] {Threei} yours is no pain no gain

[15:34] {Threei} mine is, no pain? Good!

[15:35] {Les} "Les....calling Les to GS please"

[15:35] {magoo} no vad...its more like "let a winner..WIN"

[15:35] {magoo} u more like"take the profit..u cant lose"

[15:36] {shorty} I have a hard time with letting a winner win, I get jittery.

[15:36] {Les} http://www.spiegel.de/fotostrecke/fotostrecke-53971-20.html

[15:36] {dino} lol, more like live by the sword....

[15:36] {Les} haven't been able to get sunset like this yet

[15:36] {magoo} but ironically, we all let a loser crush us

[15:36] {magoo} which is the opposite

[15:36] {RonS} http://www.genevainternational.org/thumbs/foto2.jpg

[15:36] {magoo} except vad of course

[15:36] {magoo} qand dino

[15:37] {magoo} and dino

[15:37] {shorty} RonS, is that LEs?

[15:37] {dino} die by it

[15:37] {magoo} hes good stopper

[15:37] {Threei} no mags, I am all for letting them run, I jusy want to partial on the way

[15:37] {Threei} and protect profit

[15:37] {Threei} I hate letting profit turn into loss

[15:37] {shorty} Me too Threei

[15:37] {Threei} once it exceeds certain amount, I will keep it like bulldog the intruder's ankle

[15:38] {dino} we are all different, million ways, but i'm w/you on a profit going to loss, can't stand it

[15:38] {Threei} yeah, it's like slap in the face

[15:38] {magoo} slap?????

06[15:38] * magoo slaps Threei around a bit with a large trout

[15:38] {shorty} lol

[15:38] {Threei} lol

[15:39] {Threei} you saw me with GS today, +.50, .85 and tried to let the last one run, didn't even take full dollar

[15:40] {magoo} yours was a beauty vad

[15:40] {Threei} ty

[15:41] {magoo} your timing was perfect..straight up

[15:41] {Threei} that's how I like them... easy moneyh, no struggle

[15:41] {magoo} mine was straight up too tho

[15:44] {Threei} some profit takeing

[15:44] {Threei} not too much so far

[15:51] {Threei} Follow Up: Weber suggests Greece could ultimately need approx 80B in aid - WSJ

[15:51] {magoo} BAC rocked there

[15:55] {shorty} Have a good all, and see you tomorrow. Thanks Threei

[15:55] {shorty} night

[15:55] {Threei} take care shorty

[15:55] {Les} ciao

[15:56] {Threei} if I were a bear, this close would seriously worry me

[15:56] {RonS} dino, mos continues to work off the mat. good for a.m.

[15:56] {magoo} yea..all was in there favor today

[15:58] {Les} crap Vad, the MOS short that merited stopping out of became a fabulous long.

[15:58] {Threei} no kidding

[15:58] {Les} nope

[15:59] {magoo} ibm tonite

[15:59] {Les} tomorrow's another day. c u's then

[15:59] {Threei} IMB and STLD

[16:00] {Threei} the rest is small fish

[16:00] {dino} on it ron

[16:00] {RonS} ntrs

[16:02] {magoo} WOW ARRY

[16:02] {Threei} ARRY Signs pact for oncology with Novartis for devlopment of MEK Inhibitors; expects $45M upfront payment

[16:02] {Threei} - could receive $422M in additional payments from NV

[16:05] {Threei} AMGN Preclinical Study Demonstrated Anti-Tumor Activity in Mammary Tumor Model

[16:05] {Threei} PG *INCREASES DIVIDEND to $0.4818 from $0.44

[16:06] {dino} gn all

[16:06] {Threei} dino :)

[16:07] {magoo} ibm moving

[16:08] {Threei} nothing yet'

[16:09] {Threei} IBM Reports Q1 $1.97 v $1.93e

[16:09] {Threei} R$22.9B v $22.8Be

[16:09] {Threei} - Guides FY10 EPS at least $11.20 v $11.12e (guided "at least" $11.00 on 1/19)

[16:11] {Threei} ZION Reports Q1 -$0.57 v -$0.95e

Apr 15 and 16, 2010

I'll have to apologize for the lack of the log update for the last two days. Technical issues made it damaged beyond salvation unless we devote a few hours to repair - which we are not too jazzed about. Anyway, here is a quick recup of what transpired:

On Apr 15, Thu, we had a nice winning day with most trades done on WFC - both long and short, early opening one for a nice juicy move and then 1:1 and 1:2 scalps, with just one 7 cents stop.

Apr 16, Fri didn't work for us - we run into two stops early one, one winning trade, and then whole GS debacle hit and made the market practically unreadable from technical standpoint. While room members found a few very nice trades in both GS and AIG, notably GS long for 3 dollars bounce, "official" calls count is negative.

Apr 14 2010

Very strong day with a lot of plays for all tastes: scalps, bigger trades, longs, shorts, more expensive, cheapies... notable ones were WFC, FITB, ARBA, FCX, JPM, AIG longs, LVS short .

Session Time: Wed Apr 14 00:00:00 2010

[03:01] {KSystems} Morning!

[07:44] {vasilisa} good morning!

[07:45] {KSystems} helloooo

[08:25] {Threei} (US) Preview: Mar Advance Retail Sales and Retail Sales Less Autos due at 08:30ET (13:30 GMT)

[08:25] {Threei} - Advance retail sales: Consensus expectations are +1.2%e v +0.3% prior (analyst range of estimates from +0.5% to +2.1%)

[08:25] {Threei} - Retail sales less autos: Consensus expectations are +0.5%e v +0.8% prior (analyst range from 0.0% to +0.2%)

[08:25] {Threei} - Retail sales ex auto & gas: +0.6%e v +0.9% prior

[08:25] {Threei} (US) Preview: Mar Consumer Price Index, CPI ex Food & Energy and CPI NSA due at 8:30 am ET (12:30 GMT)

[08:25] {Threei} - Consumer Price Index m/m: 0.1%e vs 0.0% last. (range of estimates -0.1% to +0.3% )

[08:25] {Threei} - CPI ex Food & Energy m/m: 0.1%e vs 0.1% last. (range of estimates from 0.0% to +0.2%)

[08:28] {nemo} I can't imagine that derailing today

[08:30] {Threei} *(US) MAR CONSUMER PRICE INDEX M/M: 0.1% V 0.1%E; CPI EX FOOD&ENERGY: 0.0% V 0.1%E;

[08:30] {Threei} *(US) MAR ADVANCE RETAIL SALES: +1.6% V 1.2%E; EX AUTOS: +0.6% V 0.5%E

[08:34] {Threei} earlier,

[08:34] {Threei} JPMorgan Chase and Co Reports Q1 $0.74 v $0.64e, R $28.2B v $26.5Be

[08:43] {KSystems} Raven?

[09:00] {dptl} good morning

[09:01] {Threei} dp :)

[09:01] {Threei} ACAD To Present Data From ACADIA Pharmaceuticals First Phase III Trial With Pimavanserin for Parkinsons Disease Psychosis at the 62nd American Academy of Neurology Annual Meeting

[09:03] {ese} no probs this morning...i'm in.....good morning

[09:03] {Threei} ese :)

[09:05] {dino} gm all

[09:05] {nemo} optimist

[09:05] {Threei} dino :)

[09:06] {dino} gs downgrades pot, mos which are both down about 20% already in a week

[09:06] {dino} mos 55

[09:07] {ese} mornin dude

[09:08] {ese} dino

[09:08] {nemo} dude

[09:09] {RonS} :) all

[09:10] {dino} dude

[09:10] {Threei} Ron :)

[09:10] {RonS} aib- gs upgrade

[09:12] {RonS} lltc 15 mil sh short, 9% of float

[09:14] {dino} aen

[09:14] {ese} LLTC beats handily....intc quidance raised.......wonder what kind of day it's going to be

[09:14] {ese} hmmmmmmm

[09:15] {Threei} it actually is going to be a very good indication of which stage of this bull we are in

[09:15] {Threei} continuing climb - we have ways and ways to go still,

[09:16] {Threei} if we manage to give up gainst and finish in red (as unlikely as it seems), that will be a big warning sign

[09:16] {ese} agreed

[09:16] {shorty} good morning all

[09:16] {Threei} shorty :)

[09:17] {fernp} Good morning everybody

[09:18] {ese} shorty

[09:18] {ese} fern

[09:18] {lasertrev} morning

[09:19] {RonS} aen- 07:10 AM Eastern Daylight Time, 04/14/2010 (MidnightTrader) -- Adeona Pharmaceuticals (AEN:$1.52,00$-0.11,00-6.75%) announced positive results of Part 1 of its CopperProof-2 clinical study of Zinthionein ZC (zinc cysteine) in Alzheimer's disease and mild cognitive impairment.

[09:19] {dino} agree 3i, sell off on good news would be troubling

[09:20] {Threei} fern, trev :)

[09:21] {Threei} Alzheimer is getting attacked on all fronts today... AEN, ACAD

[09:21] {Threei} and I was so blissfully unaware of anything

[09:21] {gen} gm all

[09:21] {RonS} bax

[09:21] {Threei} gen :)

[09:21] {gen} :)

[09:22] {jfjf64} mornin

[09:22] {Threei} jf :)

[09:25] {magoo} morning

[09:25] {Threei} magoo :)

[09:27] {magoo} what u stalkin vad

[09:27] {nemo} hi mags

[09:27] {magoo} cap'n

[09:27] {Les} morning

[09:28] {Threei} les :)

[09:28] {Threei} mags, everything's up

[09:28] {Threei} hard to make a choice

[09:28] {Threei} just want a pullback, and will try to catch it on usual suspects

[09:28] {magoo} im watching bac, jpm, aig, cat

[09:28] {magoo} abk

[09:28] {Threei} plus AEN, ACAD, BPOP, ABK

[09:29] {Les} I like descending triangle bpop

[09:29] {Les} with .50 base for b/o maybre

[09:30] {Threei} WFC retreated from premarket highs

[09:33] {Threei} Short Setup: LVS .70 break

[09:34] {Threei} stop above .80 for a daytrade

[09:34] {nemo} missed

[09:34] {dino} ioc sm l .00 trig

[09:34] {fernp} missed

[09:34] {dino} gappy

[09:34] {Threei} OK, stop was also above .75 for a scalp, but I guess it doesn't matter

[09:35] {Threei} WFC, pullback to about .55 - .60 for a long entry

[09:35] {Les} hott

[09:36] {Threei} LVS 1:1 on second chance entry

[09:36] {Threei} WFC .80 break, if poulls back a few cents

[09:36] {Threei} and holds above .70

[09:37] {dino} cagc l .25

[09:37] {nemo} intc at support after last night

[09:39] {magoo} rimm vad, look

[09:39] {nemo} in intc .40

[09:39] {Threei} no fresh RIMM news

[09:39] {nemo} 1/2 out .46

[09:40] {nemo} 1/4 more .50

[09:40] {nemo} stop to b/e

[09:42] {Les} pullback in aa a long opp?

[09:42] {Threei} Long Setup: FITB .57

[09:43] {Threei} slow one

[09:43] {fernp} .49 stop, Vad?

[09:43] {Threei} stop under .50 for a scalp, .45 for a day trade

[09:44] {nemo} 1/4 more intc .55

[09:44] {Threei} AIG

[09:44] {Threei} half lot long .50 break

[09:44] {Threei} if stays above .40 for a scalp, .35 for a bigger trade

[09:44] {magoo} l cat .50

[09:45] {Threei} AIG 1:1 for scalpers

[09:45] {Threei} over 1:1 for day traders

[09:45] {Les} ty a scalp

[09:45] {dino} dexo

[09:46] {magoo} im gonna try and let it run AIG

[09:46] {Threei} heh, lookie here

[09:46] {Threei} (GR) Eurostat: Greece did not report use of derivatives

[09:46] {Threei} ***Reminder: Back in Feb EU Stat Agency stated that : Greece has denied using currency derivatives to hide debt

[09:46] {Threei} *** On Feb 15th the Greece Fin Min said currency swaps were legal at the time they were used and insisted that Greece has not used them since

[09:46] {Threei} they lied?? noooo...

[09:46] {Threei} my world is crashing

[09:46] {Les} no one cares anymore

[09:46] {Les} lying has become the norm

[09:46] {Threei} about my world crashing? that hurts Les

[09:46] {Les} lol

[09:47] {Les} I know you trade what you see, not what you think

[09:47] {nemo} when he wears his glasses...otherwise he trades by braille

[09:47] {Les} :D

[09:48] {magoo} out cat .67 ty vad

[09:48] {Les} xrx .60 break?

[09:48] {Threei} AIG next spike

[09:48] {Threei} mags, start partialling

[09:49] {Threei} XRX, I am not delighted

[09:49] {Les} ok

[09:49] {Threei} this one can hold you hostage for hours

[09:49] {Threei} FITB is enough

[09:49] {Threei} US) White House Press Sec: President will advocate for strong oversight on financial derivative products

[09:50] {Threei} he ever advocated for anything else?

[09:50] {shorty} ZION left me in the dust. On paper that is.

[09:50] {dino} mos lod

[09:50] {magoo} any read JPM long vad?

[09:50] {Threei} ARBA

[09:50] {Threei} have a look at daily guys

[09:50] {nemo} mos short

[09:50] {Les} ARB

[09:51] {Threei} 14 break looks significant

[09:51] {Les} some traders mispelt?

[09:51] {RonS} arba 7 mil sh short, 8% of float

[09:52] {Threei} JPM mags, I'd go for double bottom here if holding 47,

[09:52] {Threei} with 47.10 as a trigger

[09:53] {magoo} and look fcx too

[09:54] {Threei} ARBA who likes the daily look, make your choice between taking 14.05 or waiting for pullback

[09:54] {Threei} JPM invalidated that setup

[09:54] {Threei} but remains on a radar

[09:55] {Threei} FCX .20 recross

[09:55] {Threei} stop under day low

[09:55] {nemo} Frickin' fitb

[09:56] {Threei} warned it was very slow one

[09:56] {nemo} yeah, well i pounced before thinking...in this case, thinking was recommended

[09:57] {RonS} for radar...sks...42 mil sh short, 42% of float

[09:57] {Threei} FCX 1:1

[09:57] {Threei} SKS nice daily Ron, 9.50 break

[09:58] {Threei} slow

[09:58] {Threei} ARBA salmon

[09:58] {fernp} tell me a valid stop for ARBA if i take 14.05 break, Vad

[09:58] {Threei} under .95

[09:58] {fernp} ty

[09:58] {Threei} with any market help is capable of much more than scalp

[09:59] {Threei} fir 14 entey, stop under .90

[10:00] {Threei} *(US) FEB BUSINESS INVENTORIES: 0.5% V 0.4%E

[10:01] {Threei} RNN Issues Additional Comments and Clarifications on its Phase IIa Study Results of Serdaxin in Major Depressive Disorder (MDD) (1.90, +0.14, 7.95%)

[10:03] {Threei} EUR/USD Dollar little moved after Bernanke prepared remarks did not repeat 'Extended Period' Rate Language

[10:04] {Threei} Long Setup: JPM .90 break

[10:04] {Threei} stop under day low

[10:06] {Threei} 1:1, half out or scalp, your choice... half for me

[10:07] {Threei} stop to unde b/e for second half

[10:07] {Threei} stop on FITB to under .50 for everyone

[10:07] {ese} nice one......

[10:08] {Threei} very nice day shapes up overall

[10:08] {Threei} if FITB and ARBA do what I suspect they can do, can be a steallar one

[10:08] {dino} ioc sm l .16

[10:09] {Threei} because in my mind, if market starts doing its eternal grinding move up, ARBA is capable of 30-40 cents move,

[10:09] {Les} AIG 40

[10:09] {Threei} and FITB is pretty much the same

[10:10] {RonS} dino, oil inv at bottom of hour...

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

[10:10] {Threei} stop to .95, last portion for sale above .20

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

[10:11] {dino} thx ron

[10:11] {shorty} Would portion out Threei, even if I play 100-300 shares?

[10:11] {RonS} ?

[10:11] {RonS} oh

[10:12] {Threei} for training purposews shorty... but also depends on your commissions structure

[10:12] {Threei} you need per share commissions for partialling out

[10:12] {Threei} especially with such small lots

[10:12] {shorty} Thanks Threei

[10:12] {Threei} per trade commissions will eat you alive

[10:12] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:12] {Threei} **consensus expectations:

[10:12] {Threei} Crude: +1.4Me

[10:12] {Threei} Gasoline: -1Me

[10:12] {Threei} Distillate: +1Me

[10:13] {Threei} market weakens

[10:13] {Threei} no news

[10:13] {dino} mos sm l .75

[10:14] {dino} ioc stopped

[10:15] {RonS} ya know dino, what is curious on the ferts is that CSX said phosphate shipements increased...

[10:15] {RonS} ...the power of Goldman...

[10:16] {magoo} AIG bounce time vad??

[10:16] {dino} other thing is uso positive

[10:16] {Threei} hard to tell mags

[10:17] {Threei} JPM stop to .99

[10:18] {Threei} out JPM last peice

[10:18] {Threei} .24

[10:18] {Threei} +.33

[10:18] {shorty} Threei, that was an awesome trade to see.

[10:18] {Threei} ty, I have my moments

[10:18] {Threei} I am overall quite awesome today

[10:18] {Threei} and unusually modest

[10:18] {shorty} lol

[10:18] {nemo} I'll send you a new sling

[10:19] {Threei} wow... FITB new high

[10:19] {Threei} 1 cent higher than old high

[10:19] {Threei} with this speed, two things are possible

[10:19] {nemo} I die of old age

[10:19] {shorty} "I am cocky, beacause I can be"

[10:19] {ese} l dell .33

[10:19] {Threei} a) FITB reaches 1:1 this, yes you heard it right, THIS century

[10:20] {Threei} b) it gets blisters on its skin, with this blazing speed...

[10:20] {shorty} lol...nemo

[10:20] {Les} Nemo's not too far off shorty

[10:20] {shorty} lol

[10:20] {ese} small ...i really don't like the way this stock trades but the setup is good

[10:21] {Threei} WFC relative strength attracts an eye

[10:23] {Threei} both our slow salmon made new highs

[10:23] {Threei} pleasure to see

[10:23] {shorty} Would you partial out here with FITB

[10:23] {Threei} ARBA 1:1 for 14 entry

[10:24] {dino} cf sm l .51

[10:24] {Les} ty but I want more

[10:24] {Threei} whether you partial ARBA or now, stop is trailed to .95

[10:24] {Threei} FITB... I wouldn't

[10:24] {nemo} I've got a partial on fitb at .64

[10:25] {Threei} yeah

[10:25] {shorty} thx nemo

[10:25] {Threei} it didn't even reach 1:1 yet

[10:25] {Threei} if you want to take such gains, you better play 5-10K lots

[10:25] {nemo} no, but should we move the stop to b/e that's pretty solid support

[10:26] {Threei} otherwise it won't put even stale bread on your table, forget about butter or caviar

[10:26] {shorty} We might have an hour to decide this nemo.....let us ponder this...

[10:26] {nemo} watch what you say...you'll piss off the trading gods

[10:26] {Threei} ARBA, 1:1 is reached for .05 entry

[10:26] {magoo} butt where u reaklly thinking?

[10:27] {Les} half out here ty

[10:27] {Les} arba

[10:27] {Threei} both stocks hit 52 week high scanners

[10:27] {Threei} magoo, your typing is soo Freudian {GGG}

[10:27] {ese} out dell .39 +.06

[10:27] {Les} lol

[10:28] {Threei} something about today reminds me very different markets we used to have

[10:29] {Threei} very active and with wide variety of movers

[10:29] {Threei} fast, slow, longs shorts, expensive, cheapies

[10:29] {Threei} (US) Fed's Bernake: Reiterates that FOMC expects to see low rates for 'extended period;' Expects to see continued low inflation levels

[10:30] {Les} back to" normal", or market creating the air of normality?

[10:30] {Threei} *DOE CRUDE: -2.2M V +1.4ME; GASOLINE: -1.03M V -1ME

[10:30] {Threei} I don't know Les, and frankly don't care

[10:30] {RonS} oil .50 spike

[10:30] {Threei} I take things one day at a time

[10:32] {Les} hmmm. just thinking of conditions for 87 style crash

[10:32] {Les} but like you say

[10:32] {Les} we'll cross that bridge then

[10:32] {Threei} why would we have such crash?

[10:33] {shorty} I thought that is why theuy introduced the SOES? Because of the 87 crash?

[10:33] {dino} don't think

[10:33] {Les} crash not necessarily a reality

[10:33] {shorty} It was because of the market makers NASDAQ crashed...right?

[10:33] {Les} just conditions conducive to such event, but not important in my trading, this is clear

[10:34] {Threei} CAT Declares regular dividend (66.24, +0.05, 0.08%)

[10:34] {Threei} yes shorty

[10:34] {dino} i think it was portfolio insurance. but it doesn't matter

[10:34] {Threei} it was near impossible to exit positions

[10:34] {dino} nothing matters

[10:34] {Threei} so regulators created SOES

[10:35] {Les} funny, traders worked out that ARB is not ARBA. Drops as quickly as it rose. didn't think to short

[10:35] {shorty} That I know, now how to trade is a different story.

[10:35] {Threei} SOES is long defunct btw

[10:36] {shorty} That they are Threei.

[10:36] {Threei} Les... who was it who mixed them??

[10:36] {shorty} And now they introduce....Vad!

[10:36] {Threei} WFC...

[10:36] {Threei} well

[10:36] {Les} I dunno, but my first efforts at typing led me to ARB

[10:36] {Threei} this thing tries to break out

[10:37] {Threei} if market spikes sharply and WFC delays a litttle, will be worth a try

[10:37] {Threei} if holding above .90 of course

[10:37] {dino} fdx?

[10:38] {Threei} not sure dino...

[10:38] {Threei} idfiocy reigns:

[10:38] {Threei} SEC proposes giving high frequency traders ID numbers to track trading activity

[10:38] {Threei} - votes 5-0 to propose large trader reporting ID system

[10:39] {Threei} who, why and how will benefit from tracking their trading activity?

[10:39] {Les} the masses

[10:39] {nemo} those who feel the need for control

[10:39] {Threei} vasilisa, do you handle swearing well?

[10:39] {RonS} ...they couldn't track Madoff

[10:40] {shorty} lol

[10:40] {Threei} because he didn't trade, lol

[10:40] {shorty} Apperently, everyone on the NYSE floor knew what Madoff was doing.

[10:40] {Les} I think they didn't want to track him

[10:40] {Threei} which means, even if they gave him "tracking number", there was nothing to track

[10:40] {Les} CSX

[10:40] {nemo} 1:1 fitb

[10:41] {Threei} FITB 1:1 baby

[10:41] {nemo} slowpoke

[10:41] {Les} half out ty

[10:41] {Threei} ARBA 1:2 baby

[10:41] {Threei} full market of babies

[10:41] {shorty} Out,paper, FITB.

[10:41] {shorty} for a 1:1

[10:41] {nemo} wfc on break of high?

[10:41] {Threei} yes but only if market leads

[10:41] {vasilisa} Threei, i am from Ukraine=) yes=)

[10:42] {Threei} thank you dear

[10:42] {Threei} SEC, you are fucking imbeciles

[10:42] {nemo} janitor

[10:42] {Les} rofl

[10:43] {Les} fitb eventual target?

[10:43] {magoo} f'bomb from the boss :)

[10:43] {shorty} Harry Markopolos on Madoff series on cnbc: http://search.cnbc.com/main.do?target=all&keywords=Bernie%20Madoff

[10:44] {Threei} I truly hatre the way they pretend to do something by labeling normal market activities as troublesome

[10:44] {Les} missed wfc

[10:44] {nemo} me too looked away

[10:44] {Threei} dunno Les, let's simply manage the trade

[10:44] {Threei} market will tell

[10:44] {shorty} On the left hand side there is a series of videos.

[10:44] {shorty} I mean right side.

[10:44] {Les} l wfc .03

[10:45] {RonS} PAL staged for another run?...restarting mine...

[10:47] {ese} L kerx .79

[10:47] {nemo} 1:2 fitb

[10:47] {Threei} 1/4 more out

[10:47] {nemo} where stop now

[10:47] {Threei} stop to under .65

[10:47] {Threei} WFC 1:1

[10:47] {ese} anticipating .80 break

[10:48] {Threei} ese, tell me you took FITB

[10:48] {Threei} your stock, your type of trade

[10:48] {nemo} 30k of the little buggers

[10:48] {Les} sweeeeeeeeeeet

[10:48] {Les} (Cartman sweeeet)

[10:48] {ese} ahhhhhhhh........was focused somewhere else.......i'm sorry i'm sorry please forgive me

[10:48] {RonS} fig going momo?

[10:49] {ese} nice one though you guys

06[10:50] * Threei is ctying bitterly in the dark corner

[10:50] {ese} nemo did you have 30k of fitb.......right on

06[10:51] * nemo slaps Vad with a barbed wire encrusted sympathy stick

[10:51] {nemo} no ese

[10:51] {Les} vad, PMI 7 b/o?

[10:51] {shorty} I had 300 shares on FITB...

[10:52] {nemo} anybody like mos break of 55/

[10:52] {Les} yeh might be good

[10:52] {nemo} ehhh....anybody but les

[10:52] {Threei} WFC 1:2

[10:52] {Les} bite me

[10:53] {Threei} well... worth a try for a scalp, les

[10:56] {ese} out kerx though 8k of it .84.762 +.05 and a bit

[10:56] {magoo} any read ABK vad?

[10:56] {Threei} short... but exact entry is a problem

[10:57] {Threei} its waves are unusually big for such a cheapie

[10:58] {magoo} vad, does fcx follow mkt?

[11:00] {Threei} (US) US President Obama: Economy is stabilizing, there is still work to be done with regards to unemployment

[11:00] {Threei} - confident that the financial reform bill can be completed

[11:00] {Threei} - bill must contain strong measures on derivatives regulation

[11:00] {ese} "barbed wire encrusted".......nemo baby!!!!! you have a way with words

[11:00] {Threei} today the relationis not very pronounced mags

[11:01] {magoo} ya ..how about usually?

[11:01] {shorty} that made me laugh ese.

[11:01] {nemo} I'm a writer also ese

[11:02] {ese} serious?

[11:02] {magoo} comics

[11:02] {nemo} Yes, I've ghost written two books on the Taoist philosophy

[11:02] {nemo} out 1:3 fitb

[11:03] {ese} L LLTC .61

[11:03] {Threei} what's "usual" mags... :)

[11:03] {Threei} sometuimes it does, sometimes it doesn't

[11:03] {Threei} as any of them

[11:04] {Threei} there is redistribution of money flow between sectors

[11:04] {Threei} which can distort following the market

[11:04] {magoo} PALM PALM

[11:05] {Threei} no news yet

[11:06] {Threei} PALM Harbinger Capital discloses 9.48% holding -filing (1.66, 0.00, 0.00%)

[11:06] {Threei} so what

[11:06] {Threei} srug

[11:06] {Threei} shrug too

[11:08] {Les} KLIC

[11:10] {ese} way da minute....."GHOST written"?

[11:10] {magoo} hit palm .50 to .64 ty vad

[11:10] {nemo} yeah...guy was a foreigner, his english not so good

[11:10] {Threei} :)

[11:10] {Les} nice one mags

[11:11] {ese} ahhhhhhhhh ok i get it

[11:11] {Threei} WFC, without me but 1:3

[11:14] {Threei} Election 2012: Barack Obama 42%, Ron Paul 41%

[11:14] {Threei} this is remarkable... Paul with his "abolish the fed" is not a fringe anymore

[11:15] {RonS} ...with his foreign policy views, he will always be fringe...

[11:15] {Threei} I guess

[11:15] {magoo} which are ron?

[11:15] {Threei} fiscally though, who would have thought

[11:15] {RonS} isolationism

[11:16] {Threei} I guess Tea party creates big awareness of his approach

[11:16] {Threei} he is pretty much "pull out of everywhere, bring all troops home, leave them all those military bases, we don't eed any of that", mags

[11:17] {magoo} ty

[11:17] {Threei} I don't think he has much chance in primaries, he is a vocal critic of GOP establishment

[11:17] {RonS} hal hal PAL

[11:18] {Les} oh he'll be seen as a prophet 15 years from now

[11:18] {RonS} ...mybe his son...not him

[11:19] {Threei} in my eyes, the more Tea party goes mainstream, the more popular he will be

[11:19] {Threei} anti-big government libertarian

[11:19] {RonS} ...too old...too whiney...

[11:21] {RonS} ...remember women can vote...need some sex appeal...

[11:21] {Les} long aig here with 40 stop

[11:25] {Les} feed the women some bimbo golfing vice president, make him black for republican "new"

[11:26] {Les} no wait, Tiger is probably more admired by men following his stunt

[11:27] {Threei} 30 cents FITB

[11:27] {RonS} ...if .55 goes sks may really move..

[11:28] {Threei} Ron, I thought I was the best at picking slow ones today, but you beat me

[11:28] {RonS} ...never...

[11:31] {Threei} I am out FITB guys, over 1:4

[11:33] {Les} ouch that's a hot finish to fitb

[11:33] {Les} mos trying for 55

[11:33] {ese} right on vad

[11:33] {Threei} A Package has exploded at FedEx location in California; no injuries reported - Fox news (related FDX )

[11:33] {Les} Nemo?

[11:33] {RonS} chinese firecrackers?

[11:34] {nemo} yes Les?

[11:34] {Les} never mind

[11:34] {nemo} I prefer direct long distance, or quiet up close and personal

[11:36] {nemo} mos creeping back up on .55

[11:36] {Les} aig

[11:37] {magoo} nice les, with ya

[11:37] {magoo} im thinking .70 area

[11:38] {Les} nah I'm a shmoe, could read the pressure building but took my 10 cents. crap

[11:39] {nemo} you give shmoes a bad name

[11:40] {Les} what are you, my shrink?

[11:40] {nemo} Have you read anything supportive in any reply to you?

[11:40] {RonS} lol

[11:40] {magoo} i think of les as more of a schmuck

[11:41] {Les} l MOS .77

[11:41] {nemo} two ways to take that mags, in german schmuck=jewlery

[11:41] {nemo} in yiddish, well, schmuck=anatomical appendage

[11:41] {nemo} funny "gift" in german means poison

[11:41] {Les} lol I'll take 1st choice for 200 Nemo

[11:42] {magoo} final answer??

[11:42] {nemo} Pimmel

[11:43] {Threei} (US) US Senator McConnell: Bipartisan talks on financial reform have broken down

[11:43] {Threei} (US) Fed's Lacker: Financial reform bill does not eliminate the dynamics that allow "too big to fail"

[11:43] {Threei} - Exact language is needed to elminate the "too big to fail" issue. (related XLF )

[11:43] {Les} stopped, waiting for .80 break

[11:44] {RonS} nemo, what is yiddish for fu?

[11:44] {RonS} ...Trust me.

[11:45] {magoo} out aig .50

[11:45] {Les} nice call on ABK 2 short Vad. I didn't follow thru unfortunately

[11:45] {RonS} ...an old Jewish friend told me that one. Guess those that went for Madoff never heard it.

[11:46] {Les} good job mags. I wait for those breaks, but still have trouble staying the course

[11:46] {dino} rimm

[11:46] {magoo} RIMM RIMM

[11:46] {Les} RL just been dumped

[11:47] {RonS} RIM Announces Common Share Repurchases

[11:47] {Threei} RMBS Hearing chatter could have signed deal with Apple to provide technology for Apple products (22.59, +0.78, 3.58%) (related AAPL )

[11:48] {Threei} Research in Motion Ltd To buy back 2M shares for cancellation (around 1.5% of shares outstanding)

[11:48] {Threei} substantially complete the US$1.2 billion share repurchase program announced on November 5, 2009.

[11:50] {Threei} RMBS explosion

[11:50] {RonS} rmbs 11.5 mil short, 11.5% of float

[11:53] {magoo} 14%

[12:14] {ese} L LLTC avg now .60

[12:21] {ese} sitting here dreaming.....what if i could afford 20k of isrg $367 bucks a share when it closed yesterday up 9clicks today........ahhhhhhhhhhhhto dream

[12:26] {ese} looks like everybody else is dreaming also

[12:26] {shorty} Looking at the new 2011 Ford F350, so yes I am dreaming too ese.

[12:26] {Threei} mushrooms do their magic I guess

[12:27] {Threei} look at FITB

[12:27] {shorty} Did someone say Mushrooms::D:P

[12:27] {ese} nice move by fitb for sure

[12:28] {Threei} oh my god

[12:28] {Threei} oh my god oh my god oh my god

[12:28] {shorty} What Threei?

[12:28] {Threei} look at this line I am about to type next, because this is first and I bet last time you see me saying this

[12:29] {Threei} I am in total agreement with Bernanke, he said a very smart thing

[12:29] {Threei} (US) Fed's Bernanke: A financial transaction tax is not the way to raise revenue; agrees with Treasury Dept advisement against the idea

[12:29] {Threei} - the tax would lead to a reduction in liquidity; leverage taxes would also cause issues in the repo market

[12:30] {ese} hmmmmmmm

[12:30] {ese} didn't know they were planning a financial tax

[12:31] {Threei} they weren't planning it, there is a group of lunatics that tries to push it

[12:31] {magoo} obamamites

[12:31] {Threei} and with current climate of hatred to anything and anyone fnancial, idea got some taction

[12:31] {Threei} traction

[12:32] {dino} because in the eyes of obamination, speculators are evil

[12:32] {magoo} well, they need to tax anything and everything

[12:32] {dino} and they will, big push begins jan 1, 2011

[12:35] {dino} hod's

[12:36] {ese} out LLTC avg .77 +.16 on 6k

[12:36] {RonS} sks .69 break brings another squeeze...and man, the price action in the banks is really strong

[12:36] {Threei} wtg

[12:36] {ese} tks

[12:37] {dino} ioc

[12:38] {Threei} you are partialling out of it Ron? or holding whole thing?

[12:38] {Threei} ACOR Hearing JP Morgan makes positive comments; reiterates Overweight rating (timing uncertain) (37.48, +2.28, 6.48%)

[12:39] {RonS} ...got out at .65 a while ago...will wait for a pm squeeze if it comes...

[12:49] {Threei} RMBS tries for another leg up

[12:59] {dino} out cf .91, +.40

[13:03] {dino} out ioc .33, +.73

[13:08] {Threei} WYNN Hearing Buckingham makes cautious comments on Macau (timing uncertain) (86.93, -1.11, -1.26%) (related LVS )

[13:11] {Threei} Short Setup: LVS .40 break if stays under .45

[13:11] {nemo} short today....oy vay

[13:12] {Threei} invalidated anyway

[13:12] {nemo} had strong support at .35 rom yesterday

[13:12] {Threei} ARBA 1:2

[13:15] {ese} just checked out ioc......nice one dino.....excellent move from .20 to .20 up a buck

[13:16] {dino} cetv

[13:17] {dino} ty

[13:18] {ese} your welcome....good one with cf also

[13:18] {ese} big move with the both of them

[13:18] {Threei} how about that LVS?

[13:18] {dino} got out cf way too soon

[13:19] {ese} somebody hit the 3 jokers on the slot machine for lvs?

[13:20] {RonS} dino, what do you think ipi?

[13:20] {Threei} [13:08] {Threei} WYNN Hearing Buckingham makes cautious comments on Macau (timing uncertain) (86.93, -1.11, -1.26%) (related LVS )

[13:22] {dino} same thing as mos, pot, cagc, cf

[13:22] {dino} most likely db in making

[13:23] {Threei} ugh... to bad we haven't reinstated LVS

[13:24] {RonS} ...education please...who is Buckingham...every time i hear it i think the Queen is making a pronouncement...

[13:25] {dino} lol

[13:26] {dino} mos to .15

[13:27] {dino} mos to .35

[13:27] {dino} .25 i mean

[13:28] {dino} to .35

[13:29] {dino} ipi ron l break of .50 these are getting bids

[13:30] {dino} out mos .35, +.60

[13:32] {Threei} ARBA, 1:3, 30 cents as foretold

[13:32] {Threei} predicted

[13:32] {Threei} foreseen

[13:32] {Threei} propheted

[13:32] {nemo} gag

[13:32] {Threei} nostradamused

[13:32] {Threei} read on tea leaves

[13:32] {nemo} chicken bones

[13:32] {Threei} coffee residue

[13:32] {nemo} yarrow sticks

[13:32] {Threei} chickem entrails

[13:33] {nemo} astrology

[13:33] {Threei} bat earbones

[13:33] {nemo} numerology

[13:33] {dino} future

[13:33] {nemo} kabalah

[13:35] {magoo} deer droppings

[13:36] {Threei} I have better one

[13:36] {Threei} bear droppings

[13:37] {Threei} because that's all last remaining bears do

[13:37] {Threei} while running from bulls

[13:41] {Threei} OK, I seriously regret canceling that LVS short

[13:41] {nemo} jerk

[13:41] {shorty} I second that

[13:42] {nemo} omg a pullback?!!!!

[13:46] {nemo} scalped fas from .20 -.34

[13:47] {dino} gj

[13:47] {nemo} gotta' change my underwear

[13:49] {dino} cetv s .84

[13:51] {dino} sxci

[13:53] {Threei} USD/CNY Goldman Chief Economist: China could strengthen CNY by 2-5% as early as next week

[13:56] {dino} mos drop

[13:57] {dino} vol

[13:57] {nemo} it's at 200 ma

[13:59] {shorty} would you look for a reversal around here Threei, on LVS?

[14:04] {Threei} not really

[14:04] {Threei} pretty chaotic

[14:04] {Threei} even in retrospect it doesn't look clear

[14:06] {Threei} BPOP... again

[14:06] {shorty} It does look choppy.

[14:09] {dino} cetv stopped -.15

[14:12] {Threei} 30% Expect More Hurricanes This Year

[14:12] {Threei} since when public has any insight into such matters?

[14:12] {magoo} 70% do not

[14:12] {Threei} let's see if I possess supernatural powers

[14:13] {Threei} I do not expect any earthquakes in my area in the next 5 sconds

[14:13] {shorty} I was almost caught in Hurricane Floyd. It was scary.

[14:13] {Threei} wow... I do possess them

[14:13] {Threei} no earthquake

[14:14] {Threei} anyone wants me to predict no earhquakes or huricanes or tornadoes at your location in the next 3 miutes?

[14:14] {magoo} i do i do

[14:14] {shorty} Calgary.....what do you have?

[14:14] {Threei} hurry up, when masses learn about my abilities you won't stand a chance to get me for any money

[14:15] {Threei} mags, you go it

[14:15] {Threei} look at your watch

[14:15] {Threei} 5 min from now, report back pls

[14:15] {magoo} ok, at 14:20

[14:15] {Threei} 3 min I predict, and 2 -bonus

[14:15] {Threei} for FREE, yes, you heard it right

[14:17] {shorty} Speaking of free Threei, when does my money back guarantee expire?

[14:18] {Les} your a cheeky mug shorty

[14:18] {shorty} I try

[14:20] {Threei} what guarantee?

[14:20] {Les} Vad, AIG be testing 40 many times in last two days. you see a short in it here?

[14:20] {Threei} what money?

[14:20] {Threei} where is back?

[14:20] {dino} cetv s break .00

[14:20] {shorty} lol

[14:20] {Threei} not really Les

[14:21] {Threei} it broke it both ways many times

[14:21] {Threei} on daily this level looks like of some significance but in fact, nah

[14:22] {shorty} Thoughts on ENTG Threei?

[14:22] {shorty} Never mind it broke .88

[14:22] {Threei} this is very wierd one shorty

[14:22] {Threei} look at this for instance

[14:23] {Threei} 16 Feb 2010 15:29 [ENTG] UPDATE: Davidson Cuts ENTG to Neutral from Buy, price target: $6

[14:23] {Threei} 14 Apr 2010 09:47 [ENTG] Hearing DA Davidson upgrades to Buy from Neutral (timing uncertain)

[14:23] {shorty} That is weird.

[14:23] {Threei} can you put it together?

[14:23] {Threei} I can't

[14:23] {Threei} mid Feb, stock trades at about 5.50

[14:24] {Threei} they downgrade it, and assign higher price, 6

[14:24] {Threei} two months later, stock is prsctiocally where it used tio be

[14:24] {Threei} they upgrade it

[14:24] {shorty} Is there a weird fundamental way they do things?

[14:25] {Threei} it just stinks

[14:25] {Threei} something about this whole story

[14:25] {dino} value added

[14:25] {Threei} I don't like to get in the middle of such things

[14:25] {Threei} lol dino

[14:28] {dino} sm l sxci .75

[14:30] {dino} cetv stopped again, thing is strong

[14:33] {Les} long aig .01 with tight stop

[14:36] {magoo} LZ LZ

[14:37] {Threei} LZ Ticking higher after FT Deutschland reports LZ not interested in acquiring Germany's Cognis

[14:37] {shorty} LVS...short set up?

[14:39] {Les} out lvs +.18

[14:39] {Les} gotta be quick shorty

[14:39] {Threei} I don't see it

[14:39] {Threei} quick or no quick

[14:40] {Threei} where did it look like short?

[14:40] {shorty} Asking now, before I jump into things. Even if it is paper trading.

[14:41] {shorty} At 14:36, 14:37 I was looking at the T&S, it looked like it was losing steam.

[14:42] {ese} Outta here all cya tomorow

[14:42] {shorty} bye

[14:42] {RonS} cya ese

[14:44] {Threei} take care ese

[14:44] {Threei} shorty... I'd suggest to use chart as starting point for setup identificaon,

[14:44] {Threei} T&S is not a primary consideration

[14:45] {shorty} I know my set ups are horrible. I geuss if you look at LVS now, that would have been a lucky guess.

[14:51] {Threei} so, make a focus on this

[14:51] {Threei} setup identification

[14:51] {shorty} Looking at the chart again....it gave me nothing for a set up.

[14:51] {Threei} let's turn your educatuion in oprganized process

[14:52] {shorty} k

[14:52] {Threei} stop floating with the current

[14:52] {Threei} you have MPP

[14:52] {Threei} start creating your trading plan using its template

[14:52] {shorty} yes...two copies, need one?

[14:52] {Threei} it's a workbook, not just a book to read

[14:52] {shorty} Serious, k

[14:52] {Threei} go over it step by step,

[14:53] {Threei} follow the instructions,

[14:53] {Threei} don't skip anything,

[14:53] {Threei} don't consider anything to be intuitive,

[14:53] {Threei} actually doing it is important

[14:54] {Threei} start the process of turning yourself into trader

[14:54] {Threei} conscious deliberate process

[14:54] {Threei} it will require certain changes in thinking,

[14:55] {Threei} in approach to what you do and what you are

[14:55] {Threei} MPP will yake you through it,

[14:55] {Threei} then videocourse will help finetune details

[14:56] {Threei} bit first and foremost:

[14:56] {Threei} take it seriously and make it daily work

[14:56] {shorty} I am subconsciously stubborn. If you know what I mean. I don't want to do it, but I need to get over that.

[14:56] {Threei} all my joking around is what you put on top of substance, it doesn't replace substance

[14:57] {Les} aig stopped

[14:57] {Threei} well, then it's your first test on the path of becominga trader

[14:57] {Threei} you want to be one - get over that

[14:57] {Threei} just like with any other profession

[14:58] {Threei} none of them kjust comes to you

[14:58] {shorty} Ironically, this is why I have not quit.

[14:58] {Threei} Toshiba Corporation Exec: to release tablet PCs later this year running on both Windows and Android operating systems

[14:59] {shorty} Wow, these tablet PC's are getting big.

[14:59] {Les} s cetv .88

[15:00] {Threei} Bank of Montreal (ADR) Plans to offer mortgages through outside advisors - Financial Post

[15:00] {Threei} - Plans to offer mortgages, credit cards and other banking products through a network of 15,000 outside financial advisers and insurance brokers to reach new customers. The move gives Toronto-based Bank of Montreal another channel to sell banking products while expanding insurance sales in a business that was bolstered by last year's $329.5-million purchase of the Canadian life insurance arm of American International Group Inc.

[15:00] {Threei} hmmm

[15:02] {dino} ioc sm l .00

[15:05] {Threei} NOEC Hearing takeover chatter at being circulated (timing uncertain) (1.79, +0.28, 18.54%)

[15:09] {dino} sxci to .96

[15:10] {dino} cagc, db or death?

[15:10] {dino} out sxci +.21

[15:10] {Threei} more feels like bounce to me dino

[15:10] {Les} stopped cetv

[15:10] {Threei} but won't be easy by any means

[15:11] {Threei} too thin to be easy :)

[15:13] {dino} who?

[15:13] {Threei} CAGC

[15:13] {Threei} [15:10] {dino} cagc, db or death?

[15:13] {Threei} come on man, I have an attention span of a moth myself, but question and answer were within the same minute!

[15:14] {magoo} what u tgalkin about vad}?

[15:14] {Threei} who's vad?

[15:15] {dino} ok

[15:15] {magoo} read on fcx vad

[15:15] {dino} you were right

[15:15] {Les} what news on CAGC vad, that it is getting its bottom smacked?

[15:15] {Les} out CAGC +.20 ty dino

[15:15] {Les} and vad

[15:15] {dino} gj

[15:16] {Threei} mags, I think up is more likely but have no particular setup to use here

[15:16] {magoo} make something up lol

[15:16] {Threei} lol dino, while we discussed what talked about what, les profited from it

[15:16] {Threei} (GR) World Bank President: Greek aid package does not fix the country's underlying issues

[15:16] {Threei} no really?

[15:17] {Threei} I don't see any fresh news for it Les

[15:17] {Threei} CA) Canada Fin Min Flaherty: global tax on banks is not a solution

[15:18] {dino} ipi l .20 stop lod

[15:22] {dino} :O

[15:24] {Les} s entg .89

[15:24] {Les} hey, AIG could no longer resist.

[15:26] {magoo} any read A I Gay vad?

[15:26] {dino} plcm

[15:26] {Threei} nah

[15:27] {Threei} can make a double bottom and bbounce, can break down again, 50/50

[15:30] {dino} plcm hires ms about sale

[15:31] {magoo} u see this move bpop vad?

[15:31] {Threei} I wish I didn't

[15:36] {dino} giddy-up

[15:41] {magoo} look GS vad

[15:42] {Threei} I don't want to

[15:42] {Les} aapl too

[15:42] {Threei} I caught enough of them today, exceeding recent averages by a good margin... don't make me feel ashamed I didn't catch ALL of them {G}

[15:43] {Les} no selling the news with INTC

[15:43] {nemo} no...this rally is locked in, barring some black swan

[15:43] {Threei} nope... normal solid bull market

[15:44] {Threei} quiet and confident

[15:44] {Threei} good luck to shorts

[15:44] {Threei} they'll need a lot of it

[15:44] {shorty} Thanks Threei

[15:45] {Les} need to get some ideas from crowd here for min. overnight trades, swing etc. got IB account back

[15:46] {Les} if ever there looks like an overnight hold trade.

[15:46] {Threei} why would you want overnight trades?

[15:46] {Les} cause I can't daytrade with this account

[15:47] {Threei} last reason to take overnight trade if you ask me

[15:47] {Les} fair enough

[15:47] {Les} I am looking and listening more closely to Bill's actions in PM's

[15:48] {Les} although a healthy pullback in the POG would be nice

[15:51] {dino} out ioc .38, +.38

[15:51] {Threei} one of the best day in a long while

[15:51] {dino} tlcr drop

[15:54] {dino} will be watching chems/ferts tomorrow

[15:54] {dino} they got beat up pretty bad

[15:55] {Threei} YUM is the only earnings today wrth mentioning

[15:55] {Threei} tomorrow we have GOOG

[15:56] {nemo} isrg

[15:56] {nemo} ge on 16th

[15:56] {shorty} good night all. See you tomorrow. Thanks Vad.

[15:57] {Threei} sure

[15:57] {magoo} isrg tonite?

[15:57] {Threei} no, tomorrow

[15:57] {magoo} SHORTY WAIT

[15:57] {nemo} tomorrow

[15:57] {shorty} k

06[15:57] * magoo slaps shorty around a bit with a large trout

[15:57] {shorty} ROFL

[15:58] {Threei} you expected any less from magoo?

[15:59] {shorty} I thought we were all going to meet at the strippers.

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {Les} thank you

[16:00] {magoo} VAD WAIT

[16:00] {Threei} lol

[16:00] {shorty} lol

[16:00] {Les} cheers

[16:00] {Threei} JBHT

[16:00] {dino} well started rough, but good afternoon

[16:00] {Threei} JBHT Reports Q1 $0.29 v $0.27e, R$845M v $797Me

Apr 09 2010

Early profits on WFC and PALM made a day as we got locked in narrow range once again. Market finally hit 11K on the end of day drive so we had our fun countdown, party hats on etc.

Session Time: Fri Apr 09 00:00:00 2010

[08:37] {Threei} TIVO Strength in shares attributed to earlier Citi note downgrading SATS to sell rating and maintaing Buy rating on DISH (17.34, 0.00, 0.00%) (related DISH SATS )

[08:37] {fernp} Good morning everybody

[08:37] {Threei} fern :)

[08:38] {Threei} 7:16:20 AM

[08:38] {Threei} Palm, Inc Follow up: Shares trading higher in premarket on renewed takeover speculation; HTC refuses to comment on market speculation regarding acquisition of firm

[08:38] {Threei} *note: HTC has been speculated in the Tawainese press as interested in name to expand its existing operating system and application store with Palm's existing smartphone technology

[08:39] {Threei} 7:12:00 AM

[08:39] {Threei} Palm, Inc CEO: Group has hit a speed bump, company still holds tremendous assets; defies logic to say that company has no value - Fortune Magazine (dated April 8)

[08:39] {Threei} - States that firm has good products that are still in the early stages of sales development

[08:46] {Threei} SCLN BWS Financial Inc. Raised SCLN to Buy from Hold

[08:51] {magoo} morn

[08:51] {Threei} magoo :)

[08:51] {fernp} gm mags

[08:51] {Threei} look PALM mags, and news on it

[08:51] {Threei} could be a player today

[08:52] {magoo} yea

[08:52] {magoo} u like any premkt setup,its pulling bk?

[08:52] {Threei} anything under 5, I'd buy on first sign of bottoming,

[08:53] {Threei} its yesterday's high is 4.83,

[08:53] {magoo} ah

[08:53] {Threei} I think if it gets anywhere close to it, it will be snatched by momentum players

[08:53] {Threei} if it doesn't go under 5, plan B:

[08:54] {Threei} buy consolidation/breakout but half of what you want to play,

[08:54] {Threei} and be ready to add second half if it reverses and drops again

[08:54] {Threei} very rare method for me

[08:54] {Threei} let's call it pre-planned and controlled averaging down

[08:54] {Les} PALM floating in a gap. if it can close it under 5 - cool.

[08:55] {Les} good morning

[08:55] {RonS} gm all. funny Costanza review at: www.the reformedbroker.com

[08:55] {Threei} les, ron :)

[08:56] {magoo} ABK vad, look

[08:56] {magoo} a double

[08:57] {RonS} ...interesting to me that Cara is talking about the yuan story picking up steam, but not seeing it anywhere else...

[08:57] {Threei} it reported yesterday magoo

[08:59] {Threei} Ron, that blog must have read our trading logs

[08:59] {Threei} we joked about Costanza trading for years

[08:59] {Threei} 5:27:10 PM

[08:59] {Threei} Ambac Financial Group, Inc Reports Q4 $1.93 (includes $472M tax benefit) v -$8.14 y/y, R$567M v -$202M y/y

[08:59] {Threei} - Q4 Net change in fair value of credit derivatives $133M v loss $594M y/y (driven primarily by price improvement in certain reference obligations, partially offset by a narrowing of Ambacs short-term credit spreads

[08:59] {strider} A

[08:59] {strider} MLN

[08:59] {strider} AMLN

[09:00] {Threei} AMLN FDA in January saw a 'false sense of security' on usage of Byetta drug; could be possible cancer risks

[09:00] {Threei} - further comments from Novo Nordisk approval of Victoza

[09:00] {Threei} although to be fair, analogy lies on the surface.. :)

[09:01] {Threei} any trader watching that episode would have picxked up on the recemblance immediately

[09:05] {dptl} good morning

[09:05] {Threei} dp :)

[09:07] {gen} gm all

[09:07] {Threei} gen :)

[09:07] {gen} :)

[09:07] {dino} gm all

[09:07] {gen} :)

[09:08] {Threei} dino :)

[09:08] {dino} q? what am i missing, casy cash bid 36/sh, trading up 6.80 to 38.40

[09:08] {dino} atls, amln

[09:09] {Threei} one of market mysteries dino

[09:09] {Threei} we don't know and we are not supposed to ask

[09:09] {dino} worth a sm short imo

[09:12] {RonS} http://dealbook.blogs.nytimes.com/2010/04/09/atlas-and-reliance-form-1-7-billion-joint-venture/

[09:14] {dino} see it, thx

[09:14] {dino} watch chk off it

[09:15] {RonS} abk, 54 mil sh short, 19% of float

[09:18] {ese} good morning

[09:18] {gen} :)

[09:20] {lasertrev} morning

[09:21] {Les} vad, you willing to buy PALM pre-market under 5?

[09:21] {shorty} Good morning

[09:21] {gen} :)

[09:21] {Threei} ese, trev, shorty :)

[09:22] {Threei} doesn't look like it goes there, les

[09:22] {Les} morning. trev, had same problem as you yesterday. got locked out of server

[09:22] {Les} but if a big selloff happens prior to open, ok to buy premarket?

[09:24] {strider} morning all.

[09:25] {Threei} strider :)

[09:25] {Threei} that's what I would do

[09:25] {Threei} (RU) Russian Central Bank Dep Chair Melikyan: Several Russian banks may face capital problems

[09:25] {Threei} ***Reminder: On Dec 17 Russian Central Bank Deputy Chairman Melikyan: Sees significantly more financial sector bankruptcies in 2010

[09:32] {nemo} did the market open?

[09:33] {Threei} huh?

[09:33] {Threei} it usually does

[09:33] {nemo} so ea

[09:33] {nemo} so dead

[09:33] {shorty} Just getting a cup of coffee.

[09:34] {strider} PALM theflyonthewall.com: Palm added to Least Preferred at UBS :theflyonthewa

[09:34] {strider} it's still preferred....but less so.

[09:34] {Threei} WFC, watching for long entry on pullback

[09:35] {Threei} under .50, preferrably closer to .40

[09:35] {magoo} PMI back vad

[09:36] {Threei} PMI, let it pull back to .25 at least

[09:38] {magoo} palm under, but ubs cautious comments

[09:38] {Threei} let's just get the valid setup

[09:39] {magoo} where?

[09:39] {Threei} WFC won't pull back

[09:39] {magoo} xmas tree RIMM

[09:41] {dino} frx sm l .98

[09:41] {Les} big bid palm .05

[09:42] {strider} DRYS takeover chatter

[09:43] {magoo} musa ipo to open in a few

[09:44] {fernp} WFC Vad?

[09:44] {magoo} fcx dump vad

[09:44] {Threei} .40 - .45 for WFC now

[09:45] {Threei} DRYS Hearing firm may have hired an adviser to pursue strategic alternatives including possible sale (6.49, +0.20, 3.18%)

[09:47] {Threei} .35 - .40

[09:47] {Threei} etc, usual routine

[09:50] {Threei} Long Setup: PALM 5 break if stays above 4.95

[09:50] {dino} casy lower hi lower low in making

[09:54] {Threei} EUR/USD Hearing continued speculation that EUR moving higher on talk of EU aid deal for Greece being hammered out

[09:55] {Threei} WFC 1:1

[09:55] {dino} cml l .50, stop lod

[09:56] {Threei} ABK... 1.20 break, maybe

[09:56] {Threei} tough one

[09:56] {strider} WFC?

[09:56] {strider} late

[09:56] {Threei} DRYS interesting

[09:56] {Threei} ??

[09:57] {Threei} WFC was .40 break entry

[09:57] {strider} break of .45

[09:57] {Les} l MGM .42 stop lod

[09:57] {Threei} strider...

[09:57] {strider} yes

[09:57] {Threei} [09:44] {Threei} .40 - .45 for WFC now

[09:57] {Threei} [09:47] {Threei} .35 - .40

[09:57] {Threei} [09:47] {Threei} etc, usual routine

[09:57] {strider} I didn't take either.

[09:57] {fernp} PALM still valid, no vad?

[09:57] {Threei} yes

[09:58] {strider} Just saw a setup at .45

[09:58] {strider} sorry.

[09:58] {Threei} AONE Hearing takeover chatter circulating (14.00, +0.39, 2.87%)

[09:58] {Threei} 1:2 WFC, out

[09:58] {Threei} come on guys, pay attention...

[09:58] {Les} out wfc ty

[09:58] {Threei} this is standard routine of pullback bottom hunting

[09:58] {shorty} out too Threei

[09:58] {magoo} in palm

[09:59] {Les} me 2

[09:59] {shorty} 5.02 PALM for me

[09:59] {magoo} .99

[10:00] {Threei} US) FEB WHOLESALE INVENTORIES: 0.6% V 0.4%E

[10:00] {Threei} dino

[10:00] {Threei} CASY

[10:00] {Threei} Casey"s General Stores Inc Board rejects offer at $36/shr; claims undervalues company

[10:00] {Threei} - The Board unanimously determined that the proposal is not in the best interests of the corporation and informed Couche-Tard on March 29, 2010 that it had rejected the proposal

[10:01] {magoo} there u go

[10:01] {magoo} futes rockin

[10:02] {nemo} 11k party hats

[10:02] {Threei} PALM over 1:1

[10:02] {jfjf64} go palmmmmmmmmmmmm

[10:02] {magoo} out .07..big shares

[10:02] {magoo} ty bossasaurasrex

[10:02] {dino} cagc l .40

[10:03] {dino} cml rinsed

[10:03] {Threei} welcome humanoid... we dinos are only happy to help the next generation

[10:03] {shorty} out PALM too.

[10:03] {shorty} magoo, what do you mean big shares? You had big shares?

[10:04] {ese} L erts sm .32

[10:04] {Threei} may you avoid our fate... although it seems you are destined, by your own hand. At least we were hit by asteroid while you construct your own demise through complicated financial machinations

[10:04] {Threei} shorty... scalp type I is what he means

[10:05] {Threei} huge shares, relatively small move

[10:05] {ese} not normally my style but stop is in ......"WHAT THE HELL!!!!!"

[10:05] {jfjf64} cvx

[10:05] {Threei} temporas are fugit or what... I play PALM ese's style, ese plays ERTS my style...

[10:07] {ese} LOL

[10:08] {ese} my mistake though....i should have been in palm

[10:09] {magoo} what vad said shorty

[10:09] {Les} stopped mgm

[10:09] {shorty} lol...thanks magoo.

[10:09] {magoo} kiss magoo??

[10:09] {Threei} no thanks

[10:10] {Threei} but we are flattered

[10:10] {magoo} whats sad is even my wife would say no thanks after 16 yrs

[10:10] {shorty} "we" Threei, no community spirit here.

[10:10] {shorty} magoo, same boat.

[10:11] {Threei} can you feel how room deteriorates when girls are on vacation?

[10:11] {shorty} lol

[10:11] {magoo} lol

[10:11] {Les} DCTH 10 break?

[10:11] {magoo} and to be a part of it he he

[10:11] {Threei} patience is travelling in China, larisa left for Vegas, Ilana is on sabbatical... oy vey

[10:11] {dino} esi 110

[10:11] {Threei} vasilisa is my only hope

[10:11] {shorty} She is mute though Threei

[10:12] {Threei} les, probably, if market resumes

[10:12] {Threei} but stock is thin

[10:12] {Threei} be very careful, small lot

[10:12] {dino} esi sm l .01

[10:13] {Threei} shorty,,, ukrainian girls are silent for only so long... if they decide to give you piece of their mind, god help you

[10:13] {shorty} lol

[10:14] {shorty} My wife must be Ukrainian

[10:14] {dino} lol

[10:14] {Threei} on a big scale... aren't we all

[10:14] {fernp} .

[10:15] {shorty} Something like that or related to Gangus Khon

[10:16] {fernp} NVDA any read, Vad?

[10:17] {Threei} no fern, sorry

[10:17] {Threei} (GR) Greek 10-year CDS falls bellow 400bps level (related SOVRX BUNDS )

[10:17] {shorty} was that a d/b on LVS?

[10:17] {dino} cml hl l .50 last try

[10:18] {Threei} as a setup for our entry shorty? yes

[10:18] {Threei} classic iteration

[10:18] {shorty} Stating to see a little more.

[10:18] {Threei} first bottom outside BBs, second inside

[10:18] {Threei} stall, break of resistance

[10:18] {Threei} cleam reliable setup with tightly controlled risk

[10:19] {Threei} shorty, you have no idea what you are going to see in 6 months

[10:19] {Threei} ask Les

[10:19] {shorty} lol

[10:19] {Threei} today's Les and Les just 3 months ago are two completely different people

[10:19] {shorty} Good or bad?

[10:20] {Threei} well... I'll leave it to his wife to decide

[10:20] {Les} yeh my mrs reported me to the police the other day. looking for someone else apparently

[10:20] {Threei} see?

[10:20] {shorty} He is still here, so maybe a good thing?

[10:20] {Les} not trading money shorty, I'm a paper trader until i get some bad habits under control

[10:20] {RonS} 3i, just witnessed one of your L2 feints. CAGR had 15k bid at 23.19 while trading 23.21-.25. Stock popped to 23.38. Shares sold and bid vanished. Proof in concept. CAGR is true pulp fiction

[10:21] {shorty} How long have you been trading on paper Les?

[10:21] {RonS} cagr=cagc

[10:22] {Les} since I acknowledged last year that losing my account is not acceptable. joined vad in nov.

[10:22] {Les} bgp

[10:23] {shorty} I am not doing great, but I have an amount of money that I set to use to learn.

[10:23] {Threei} cool to see these things real time eh Ron?

[10:24] {RonS} ya, been a time when I was the sucker on that setup...

[10:24] {dino} cagc, indeed, pulp, but not fiction, costanza pulp

[10:25] {dino} .41 goes it goes to .80

[10:28] {Threei} now you know how it's done, can utilze it

[10:28] {dino} ghost ask .55

[10:28] {Threei} whoa, what happened

[10:28] {magoo} futes dumping

[10:28] {Threei} oooh

[10:28] {Threei} *GR) FITCH CUTS TO BBB-

[10:28] {Threei} crap

[10:29] {magoo} on volume

[10:29] {Threei} they couldn't wait for market to go over 11K?

[10:29] {dino} cml stopped again, done w/it today

[10:29] {nemo} cut wt to bbb

[10:30] {dino} bbby gives back

[10:32] {Threei} Greece, nemo

[10:33] {Threei} *(GR) FITCH CUTS GREECE TO BBB- FROM BBB+ (two notch cut); OUTLOOK NEGATIVE

[10:33] {Threei} - Agency has simultaneously affirmed Greece's Country Ceiling at 'AAA' and the Short-term foreign currency IDR at 'F2'.

[10:33] {Threei} - States: The downgrade reflects the intensification of fiscal challenges in response to more adverse prospects for economic growth and increased interest costs. It also reflects ongoing uncertainties about the government's financing strategy in the context of increased capital market volatility.

[10:33] {Threei} - States: The sharp rise in interest rates faced by the government this year, in combination with a deterioration in the outlook for economic growth, will make it harder for the government to achieve its fiscal targets of reducing the deficit to 8.7% of GDP this year and ensuring that public debt peaks at just over 120% of GDP in 2010 and 2011. Pressures on the banking system underline the adverse spill-over from sovereign risk concerns on the wider economy, while contingent liabilities from the banking sector will increase as the government provides banks with increased guaranteed funding.

[10:33] {Threei} ** Note that Greece's sovereign debt carries an A2 rating at Moodys, two notches above the equivalent ratings at Fitch and S&P (BBB-). If Moody's were to recalibrate its rating in line with its peers it would render Greece's sovereign debt ineligible for ECB repo operations when collateral criteria reverts to the normal minimum thresholds (A3/A- or above) at the end of 2010

[10:34] {dino} yadda yadda yadda

[10:35] {ese} my trading platform is down

[10:36] {shorty} ese, do you guys ever travel to Calgary for the Blues festival?

[10:36] {RonS} ...mine is trying to freeze...

[10:37] {fernp} double bottom WFC, Vad?

[10:37] {Threei} probably but I don't like entry here

[10:37] {Threei} .20 was much better one

[10:38] {Threei} need quotes guys?

[10:38] {Threei} PALM continues

[10:39] {Threei} (US) Reports confirm that Supreme Court Justice Stevens to retire this summer

[10:39] {Threei} - Stevens is in the liberal minority of the court.

[10:39] {Threei} - Reports earlier this year said that Stevens would step down later in 2010.

[10:39] {Threei} good bye liberal minority

[10:39] {Threei} hello liberal majority

[10:40] {Threei} ok guys, you be very careful now... vasilisa will help me keep you in line

[10:42] {vasilisa} Good afternoon, everybody. Thanks, Vlad!

[10:43] {Threei} welcome to the jungle

[10:43] {magoo} vlad?

[10:43] {magoo} the impaler

[10:43] {fernp} gm vas

[10:43] {RonS} hello

[10:43] {magoo} hi vas

[10:43] {shorty} Hello

[10:44] {Threei} let's see if we can get reliable entry onb PALM

[10:44] {Threei} since it showed it can do more than scalp

[10:46] {dino} jec

[10:46] {RonS} gld

[10:47] {dino} out frx +.25 thing is stuck

[10:47] {Threei} JEC Reaches new highs after CNBC mentions earlier LBO chatter (47.80, +3.52, 7.95%)

[10:47] {RonS} Jacobs Engineering calls active on renewed LBO speculation

[10:47] {shorty} nice dino

[10:48] {dino} thx

[10:49] {dino} jec sm s .75

[10:49] {dino} bit soon

[10:50] {magoo} palm pretty good pllbk

[10:53] {ese} ahhh back online.....and making money in erts

[10:53] {magoo} GS wacked

06[10:54] * magoo slaps ese around a bit with a large trout

06[10:54] * magoo slaps vasilisa around a bit with a large trout

[10:54] {magoo} first one for u i think

[10:54] {Les} swk .50 break?

[10:54] {magoo} GS getting wacked

[10:54] {Threei} magoo likes to live dangerously

[10:55] {ese} hmmmmmm someone new....welcome vasilisa

[10:55] {Threei} not sure les

[10:55] {magoo} u pick up an7y palm vad

[10:55] {Threei} no mags

[10:56] {Threei} no clear idea yet

[10:56] {magoo} me niether

[10:57] {ese} out erts .41 +.08

[11:06] {dino} cov jec .90, +.85

[11:07] {dino} .

[11:08] {magoo} beauty..i was chicken

[11:08] {dino} thx

[11:08] {shorty} dino amazing.

[11:08] {dino} lucky

[11:09] {shorty} humble too I see.

[11:09] {dino} :/

[11:10] {shorty} You say your lucky, I say you are good.

[11:11] {magoo} i say hes FAT

[11:11] {shorty} With a PH

[11:11] {strider} dino is a File Allocation Table?

[11:11] {shorty} lol

[11:11] {Threei} PALM...

[11:12] {Threei} this starts looking like it can turn into momo

[11:13] {dino} casy hod

[11:13] {dino} casy wants 40 area strike

[11:15] {magoo} prob i palm is piece of crap

[11:16] {magoo} i=is

[11:16] {Threei} don't know mags, pace picks up

[11:16] {magoo} wish i hit .15 lol

[11:28] {Threei} incredible

[11:28] {Threei} nothing can keep this market down

[11:29] {Threei} back to high

[11:30] {Les} fitb .20 break?

[11:31] {dino} nothing matters until it does 3i

[11:31] {Les} aig 38

[11:32] {Threei} hard to tell les... not sure

[11:32] {Les} ok

[11:37] {dino} mos lod

[11:38] {Les} bgp 3 b/o?

[11:40] {Threei} 50/50

[11:40] {Threei} I like this type when it has real pace

[11:40] {Threei} BGP's chart is nice, but there is not ebough activity

[11:41] {dino} mos sm l .85

[11:42] {Les} +.03 and 5k from PALM. been waiting for b/o, but am left disappointed for now

[11:42] {Les} aig

[11:43] {jfjf64} 14 points lets get the HATS OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[11:43] {Les} out +.08 aig.

[11:43] {jfjf64} 13

[11:43] {Threei} will get it TODAY

06[11:45] * Threei dusts off his 11K party hat

06[11:45] * Threei books strippers for everyone in the room

[11:45] {jfjf64} TAKE PICTURE LUV TO SEE IT

[11:45] {magoo} IN (the room lol)

06[11:46] * Threei uncorks Dom Perignon for vasilisa and Grey Goose for himself

[11:46] {Les} you old smoothie

[11:46] {Les} talk about selling aig too soon sheesh

[11:47] {jfjf64} yup

[11:48] {Les} grabbed another .10 on the way down

[11:49] {Threei} LCC United and US Airways Unions: Flight Attendant Leaders Say Merger Impossible With Unresolved Issues at Each Airline (7.40, -0.16, -2.12%) (related UAUA )

[11:49] {Les} Vad, MGM ready to b/d? you see a play?

[11:49] {Les} wynn up but lvs mgm down?

[11:49] {Threei} no clear read

[11:49] {Threei} would be short for sure if market went down

[11:49] {Threei} as it is, it's rather short but I don't want to go against the currenbt

[11:50] {shorty} out of CIEN +4

[11:51] {shorty} Thanks for the heads up Threei, on not shorting

[11:53] {RonS} ...if shorty shorts does that make him long, or does he become invisible?

[11:56] {shorty} Bullet proof RonS

[11:56] {shorty} I like shorting better then longing, it's the screams that I like.

[11:59] {Les} PALM coming down

[11:59] {Les} out +.12 shorting aig again

[12:00] {Les} s palm .21

[12:01] {dino} shorty shorting is like trying to fade the faders fade

[12:03] {shorty} I find it easier to short.

[12:03] {Les} but homer simpson says two wrongs make a right, so wouldn't that make him long?

[12:04] {shorty} Are you saying being short is wrong? You have something against short people?

[12:05] {Les} are we talking dwarf size, or just dweeb?

[12:05] {dino} tangents

[12:05] {shorty} lol Les

[12:08] {shorty} Looks like ZION is forming a inverted cup.

[12:10] {Les} out +.05 PALM

[12:11] {Les} I'm happy with today, and it being friday, might hold it here and wind down for the weekend

[12:11] {Les} bon weekend everyone

[12:11] {Threei} have a good one Les

[12:11] {fernp} bye les, enjoy

[12:12] {dino} cya les

[12:14] {shorty} Bye Les

[12:19] {RonS} aig gettin jiggy

[12:25] {Threei} (CH) Brazil Fin Min Mantega: A more flexible Chinese Yuan would be very good for the global economy

[12:25] {Threei} this is so fascinating

[12:25] {Threei} everyone is so sure of that

[12:26] {Threei} to me, consequences of cush change are so enormous and far-reaching, that no-frikin-one has slightest idea what comes out of it

[12:32] {dino} higher prices on mist comsumer goods, imo

[12:34] {RonS} how do you spell weak?...mos

[12:35] {dino} indeed

[12:38] {magoo} ok all..i have to leave, c u monday

[12:39] {Threei} have a good weekend mags

[12:39] {RonS} bye mags...have a good one

[12:39] {magoo} going to motocross amatuer national qualifiers

[12:39] {shorty} Bye magoo

[12:39] {magoo} wish us luck

[12:39] {lasertrev} later magoo

[12:39] {shorty} good luck!

[12:42] {Threei} sorry guys, we will have to cancel 11K for today

[12:42] {Threei} mags is not in the room, would be a waste of stripper time

[12:43] {shorty} I can take two of them Threei.

[12:43] {Threei} I am sure you can

[12:43] {Threei} but I need a blackmail material on magoo

[12:43] {Threei} AIG spike

[12:44] {shorty} wow

[12:48] {fernp} FAS 107 breakdown, Vad?

[12:48] {fernp} using FAZ i mean

[12:48] {nemo} go faz can't short fas

[12:48] {Threei} 50/50

[12:49] {fernp} ok

[12:59] {Threei} AIG's on a mission

[13:02] {Threei} magoo, come back

[13:02] {Threei} AIG's moving

[13:05] {nemo} I'm going out might be back before close

[13:05] {Threei} I will be here

[13:05] {shorty} BYe nemo, have a good weekend if you are not back.

[13:05] {Threei} I am not saying bye so you must be back

[13:06] {dino} cya nemoooooooo

[13:07] {dino} slow day

[13:08] {RonS} dino, mos ideas?

[13:09] {dino} pathetic

[13:09] {Threei} see? no 11K today, magoo's fault

[13:09] {dino} stop .49

[13:10] {dino} hang on 3i, i'll get the coin out

[13:11] {fernp} FAZ 1:1

[13:13] {Threei} cool beans

[13:30] {shorty} Threei, ZION is that an inverted c/h?

[13:31] {Threei} with rim at 23.80?

[13:32] {shorty} Something like that.

[13:33] {shorty} .84 I was thinking.

[13:34] {Threei} kind of....

[13:35] {Threei} not very trtadeable one, but for the pattern recognition purposes, yes

[13:36] {shorty} Thanks. Also, was seeing on the ecn book at .98 it was flashing 10k, not a lot of times but a couple.

[13:38] {shorty} Can you explain to me the spike there? Someone bought 13k at 24.05? At 13:35.

[13:41] {Threei} I don't see 24.05 at 13:35

[13:49] {shorty} Your time 10:35.39 It shows 9000,(Quote center) but I saw it on my T&S at 13200. Probably nothing, but I see once in a while. I find it odd to see buying at a higher price, and selling at a lower price.

[13:50] {shorty} CIEN near a major support area.

[13:51] {Threei} my charts are NY time

[13:51] {shorty} Makes the day seem longer Threei.

[13:53] {dino} feels like a summer friday

[13:53] {Threei} TNGN

[13:53] {Threei} Tengion Inc Quotation begins 13:45ET; IPO scheduled to open at 14:00ET; Priced 6M share IPO at $5/share, well below the original range of $8-10/share

[13:53] {Threei} - Underwriters are Piper Jaffray and Leerink Swann.

[13:53] {Threei} - The company is developing functional neo-organs using a patient's own cells.

[13:56] {dino} ahhhh yes

[13:58] {fernp} .

[13:58] {RonS} ...sounds great. i need to work on a new liver amonst other things...

[13:59] {shorty} Maybe we can get a two for one deal RonS?

[14:00] {Threei} opened

[14:00] {RonS} uhhh...growing a pair...does not sound right...

[14:02] {Threei} lol

[14:02] {shorty} Hugh....you are right, It doesn't sound right

[14:03] {shorty} ZION going down

[14:03] {Threei} only mirroring the market

[14:06] {Threei} (GR) EuroZone may charge Greece in excess of 6% for emergecy loans - unconfirmed report

[14:07] {Threei} seriously? my car lease is 1.65

[14:07] {Threei} and mortgage 3.75

[14:07] {shorty} Is your mortgage locked in at 3.75?

[14:08] {Threei} yes

[14:08] {Threei} I can singlehandedly save Greece and make nice money, borrowing at my rates and lending to Greece 1/2% higher {G}

[14:08] {shorty} Vad will own Greece.

[14:08] {Threei} 5 years fixed at 3.75

[14:08] {Threei} want it? I'll tell you who gives it right now

[14:09] {shorty} Mine is due in September. We are locked at 4. Not sure what to do.

[14:09] {Threei} calculate penalty, see if it makes sense for you to roll it to 3.75 now

[14:10] {shorty} I can do it May without penalty.

[14:10] {Threei} if your bank offers this

[14:10] {shorty} But I am thinking of Manuallife one.

[14:10] {Threei} but if you have to roll to another, they will probably want penalty?

[14:11] {shorty} No, my banker told I can do it in May, 160 days before due. Something like that.

[14:11] {Threei} wow, look at this:

[14:11] {Threei} - may charge Greece additional 100bps if the emergency loans duration is beyond 3 years

[14:11] {Threei} - no loan amounts yet discussed, but if requested the size would be enough to shock markets

[14:11] {Threei} - a decision to help Greece could be decided upon, if needed, within hours

[14:12] {shorty} Hmmm.

[14:13] {Threei} anyway, if that's a rate you are interested in, BMO offers it

[14:14] {RonS} nbg

[14:14] {shorty} I see what you are saying, going to another company, I will get charged? Did not think of that.

[14:14] {Threei} that's how they usually act

[14:15] {shorty} Planning to meet with a financial advisor that friend recomended, who deals (works) with BMO.

[14:16] {jfjf64} NBG

[14:26] {RonS} m

[14:26] {dino} 11k today 3i, i'm making the call

[14:27] {dino} very technical call. brought out the caesara casino coin and tossed it

[14:27] {Threei} I so wish you were right

[14:27] {Threei} but I will have to go against it, and for even more technical reason

[14:28] {Threei} tea leaves!

[14:28] {dino} i am, remember, i'm 3 hours ahead of you

[14:28] {Threei} and chicken entrails

[14:28] {Threei} both say no 11K today

[14:28] {Threei} wel... yeah, 3 hours time difference puts me at significant disadvantage...

[14:29] {Threei} but I am a firm believer in chicken entrails

[14:29] {Threei} and the bones from the left ear of a bat caught at midnight at the crossroad

[14:30] {dptl} lol

[14:34] {jfjf64} good weekend all

[14:34] {shorty} Have a good weekend jfj64

[14:34] {Threei} have a good one jf

[14:35] {jfjf64} 11k hat away to next week

[14:35] {dino} cy jf

[14:35] {jfjf64} maybe

[14:35] {jfjf64} maybe notttttttttttttttttt

[14:36] {jfjf64} 11k ofcourse ill be here lol

[14:37] {Threei} :)

[14:42] {Threei} WATG

[14:43] {Threei} something there...

[14:43] {Threei} hits two windows pf a scanner at once

[14:44] {dptl} something with yahoo?

[14:44] {dptl} spiked

[14:44] {Threei} no news other than morning upgrade

[14:44] {Threei} nothing on YHOO yet

[14:45] {strider} Wonder Auto and China Automotive should report storng Q1 results, says Merriman

[14:45] {strider} After a Chinese trade association reported that China's auto sales in March rose 63% year-over-year, Merriman expects Wonder Auto (WATG) and China Automotive (WATG) to report strong Q1 results and make optimistic comments about their near-term outlook. The firm maintains a Buy rating on Wonder and a Neutral rating on China Automotive. :theflyonthewall.com

[14:45] {strider} from 1:06PM

[14:46] {Threei} yeah...

[14:47] {RonS} watg 2 mil sh short...18% float

[14:50] {strider} CNBC reports: 87% of consumers plan to spend less on alcohol in 2010.

[14:50] {strider} You've got your work cut out for you, vad.

[14:50] {Threei} that's OK, dp is there to help me out

[14:50] {shorty} Plan, I plan to a lot of things that don't work out.

[14:51] {RonS} 81% admitted they were lying

[14:51] {shorty} lol

[14:51] {dptl} :)

[14:51] {RonS} m...squeeze

[14:51] {strider} 19% couldn't remember the interview.

[14:52] {dptl} lol

[14:52] {RonS} :D

[14:53] {strider} And some guy with 3 eyes refused to answer the questions.

[14:53] {strider} Pled the 5th.

[14:53] {Threei} in Arameic

[14:54] {Threei} which he thought was Swahili

[14:57] {RonS} watg outta gas

[15:13] {shorty} Short CIEN .29 Threei. Stuck at .23 right now.

[15:16] {nemo} I'm back

[15:16] {nemo} awiav?

[15:16] {shorty} Nello nemo

[15:16] {nemo} nuck you shorty

[15:16] {Threei} no... too narrow

[15:16] {shorty} Ohhh,

[15:16] {nemo} oh jeez yeah, wow

[15:16] {shorty} lol

[15:18] {nemo} thought it was 11k Day

[15:20] {dino} it is

[15:23] {Threei} we have a wager going here, nemo

[15:23] {Threei} as usual

[15:23] {Threei} 6 pack

[15:23] {Threei} no larisa, so carrot juice is not a part of it

[15:29] {dino} 24 pts

[15:29] {shorty} covered .23 CIEN

[15:31] {dino} last try cagc .oo l

[15:32] {Threei} dino, my guess... THEY don't want to run into 11K, they want to GAO over it

[15:32] {Threei} SAP

[15:33] {Threei} GAP

[15:33] {Threei} to trap the shorts withgstops

[15:33] {strider} and more.

[15:33] {Threei} with stops

[15:33] {Threei} force them to cover higher

[15:34] {Threei} imagine how perfectly evilish it is

[15:34] {Threei} keep them nervous all gthe weekend,

[15:34] {nemo} just short covering from here going into the weekend could push it over

[15:34] {Threei} sit in relative in safety in case Greece disappears from the map on Sunday

[15:35] {Threei} then open the market over 11K

[15:35] {Threei} and don't even kill them - make them kill themselves

[15:36] {Threei} I would say it's the most elegant way to do it

[15:36] {Threei} and if some bad news comes iover the weekend, even better - sucker in more shorts

[15:37] {Threei} then drive to the psychological barrier again

[15:37] {shorty} Good thing I do not hold over night.

[15:39] {Threei} 22 points

[15:39] {Threei} 21 min left

[15:39] {Threei} easy doable

[15:41] {dino} wants it

[15:43] {shorty} Have a good weekend everyone.

[15:43] {Threei} not going to watch the show till end shirty??

[15:43] {dino} cya shorty

[15:43] {shorty} shirty....kick me while I am down Threei?

[15:44] {Threei} lol... sorry, keys next to each other

[15:44] {RonS} ...you can call me ray, or you can call me jay, but don't call me shirty...

[15:44] {nemo} o.k. Johnson

[15:44] {shorty} I know....I will watch the replay tonight. My kids are driving me nuts right now, fighting and all. I can't concentrate anymore.

[15:45] {Threei} darn backchewers

[15:45] {dino} don't call me late for dinner

[15:45] {dino} 19 pts

[15:45] {Threei} 16

[15:46] {dino} :O

[15:46] {RonS} ...my dad says knuckledraggers, but what are backchewers?

[15:46] {Threei} lol... it sounds tastiet in russian... spinogryzy

[15:47] {dptl} lol

[15:47] {dptl} tastier...lol

[15:48] {Threei} backgnawers would probably be closer

[15:49] {dptl} let me google translate it

[15:49] {nemo} so if Greece gets "rectified" big gap up on Monday

[15:50] {dino} gunning them

[15:51] {dino} all green

[15:51] {Threei} 13

[15:51] {dino} hod

[15:51] {Threei} 12

[15:51] {Threei} 11

[15:51] {Threei} 10

[15:51] {Threei} this is fun

[15:52] {dptl} :)

[15:52] {Threei} CH) Aide to Senate Majority Leader Reid (D-NV): Senate could schedule a vote on legislation to address the Chinese Yuan

[15:52] {Threei} - Bill could be voted on if Beijing does not satisfactorily addess US concerns

[15:52] {Threei} Fed's Dudley: Fed rethinking approach to asset bubbles, not able to prevent all asset bubble - radio interview

[15:52] {Threei} -echoes comments from a speech he made on 4/7 regarding asset bubbles.

[15:52] {Threei} - says that the current unemployment rate of 9.7% is unacceptable to the Fed.

[15:52] {Threei} 9

[15:53] {Threei} 7

[15:53] {Threei} 6

[15:53] {ese} hey there....needed to pop in to say have a great weekend......had some turf delivered....was suppose to be delivered now not this morning....had to put it in

[15:53] {dino} cya es

[15:53] {ese} take care all

[15:53] {Threei} ese joi'n the fun

[15:53] {Threei} 5 points to 11K

[15:53] {dino} 5

[15:53] {dino} 4

[15:53] {Threei} but if you prefer to put turf in...

[15:54] {Threei} 3

[15:54] {Threei} 2

[15:54] {Threei} 1

[15:54] {dino} bammmmmmmmmmmmmmm

[15:54] {Threei} yessss

[15:54] {Threei} 11K

[15:54] {dino} see, that 3 hour advantage helps

[15:54] {Threei} strippers at the door

[15:54] {Threei} no kidding

[15:55] {Threei} I am throwing away chicken entrails

[15:55] {Threei} and tea leaves

[15:55] {dptl} it's like new year celebration

[15:55] {Threei} bat ear bone, I'll keep for now

[15:55] {nemo} happy endings?

[15:55] {dino} lol

[15:55] {dptl} lol

[15:56] {Threei} magoo's loss

[15:57] {RonS} good weekend to all! ;)

[15:57] {Threei} take care Ron :)

[15:57] {dptl} that was fun....have a good weekend all.....:)

[15:57] {Threei} thank you all guys,

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

[15:57] {Threei} see you on Monday

[15:57] {lasertrev} you too vad

[15:58] {dino} cpki

[15:59] {Threei} (US) DJIA moves through 11,000 for the first time since Sept 2008 (related SPY DIA )

[16:00] {dino} what the heck on cpki

[16:00] {Threei} CPKI Looking at acquisition offers, including offers from private equity firms - WSJ (20.75, +2.57, 14.14%)

[16:00] {Threei} 1 min ago

[16:02] {dino} ty

[16:04] {dino} thx and take care all