May 18 2010

The day started slowly but gradually developed into 100% one: 6 calls, 6 wins. No complaints here, really.

Session Time: Tue May 18 00:00:01 2010

[05:14] {KSystems} good morning

[07:59] {magoo} micMorning

[08:03] {Threei} ALTH Granted FDA Orphan Drug Designation for the Treatment of Bladder Cancer

[08:10] {Threei} US) Preview: April Housing Starts data due out at 08:30 ET (12:30 GMT)

[08:10] {Threei} - Housing Starts: Consensus expectations are 650Ke v 626K prior

[08:10] {Threei} US) Preview: Mar Producer Price Index and PPI ex Food & Energy due at 8:30 ET (12:30 GMT)

[08:10] {Threei} - Producer Price Index MoM: 0.1%e v 0.7% prior; YoY expected at 5.6%e v 6.0% prior

[08:18] {dptl} good morning

[08:19] {Threei} dp :)

[08:22] {nemo} Is there anybody out there?

[08:23] {Threei} yawn.. yeah

[08:28] {magoo} get to work, we could be up millions already he he

[08:28] {Threei} sorry sir

[08:28] {Threei} right away sir

[08:30] {Threei} *(US) APRIL HOUSING STARTS: 672K V 650KE; BUILDING PERMITS: 606K V 680KE

[08:30] {Threei} *(US) APRIL PRODUCER PRICES M/M: -0.1% V 0.1%E; PPI EX FOOD & ENERGY M/M: +0.2% V 0.1%E

[08:30] {Threei} - PPI YoY: 5.5% v 5.6%e

[08:30] {Threei} - PPI Ex Food & Energy YoY: 1.0% v 0.9%e

[08:34] {magoo} so alot of people started there house construction without permitds lol

[08:34] {magoo} APRIL HOUSING STARTS: 672K V 650KE; BUILDING PERMITS: 606K V 680KE

[08:35] {Threei} lol

[08:46] {Threei} (EU) ECB's Weber: Companies must contribute to financial reform; should not go back to old habits after economic recovery

[08:46] {Threei} what is the difference between "unbelieavable", I can't believe it" and impossible to believe"

[08:47] {Les} what is there to believe?

[08:47] {Les} hey , you've lived socialism

[08:47] {Threei} Europe

[08:47] {Les} does it work?

[08:47] {Threei} yes... that's why I can't believe world hasn't learned anything

[08:48] {Les} I dunno what game they're playing

[08:48] {Threei} I do

[08:48] {Les} Europe wants to scare everyone and everything

[08:48] {Threei} they play the same game that in the past lead to losing every time it was tried

[08:49] {Les} unless they take total control, yeh, they have to back down at some point

[08:49] {Threei} like a siren song... no one ever survived the encounter yet who of us can resist

[08:49] {Threei} if they take total control they die just as well

[08:49] {Threei} USSR was in total control

[08:49] {Threei} look wheat it got them

[08:49] {Threei} what

[08:51] {Les} what do you make of NBS? pullback that might be good for a long entry?

[08:51] {Les} or just flying crap?

[08:52] {Threei} stem cell...

[08:53] {Threei} haven't seen any of them hat wouldn't be just crap, sometimes flying...

[08:53] {Threei} sooner or later some will be exception of course

[08:53] {Threei} but so far look at any of them

[08:53] {Threei} STEM, ASTM, KOOL,

[08:53] {Threei} GERN

[08:54] {Les} might watch to see if top is in. given daily picture it might pullback and consolidate lower

[08:55] {Les} thanks for other name

[08:55] {Les} names

[09:02] {strider} Morning humans.

[09:02] {strider} Morning nemo.

[09:02] {nemo} wow...yawn

[09:02] {Threei} as a representative for humans: strider :)

[09:02] {strider} :)

[09:03] {nemo} I type pretty quickly with fins

[09:03] {strider} Put a fish in front of a typewriter, and eventually.......

[09:03] {Les} and bite like a shark

[09:03] {Threei} me too, with knees... it's just that I rarely get the right keys

[09:06] {Les} or maybe grazes like a dugong?

[09:09] {nemo} lari's back

[09:09] {Les} looks like yesterday afternoon was good reversal play

[09:09] {larisa} gm :)

[09:09] {Threei} larisa :)

[09:10] {dino} gm all

[09:10] {Threei} dino :)

[09:10] {nemo} :)

[09:10] {Les} hi dino, lari

[09:10] {larisa} :)

[09:11] {dino} :)

[09:12] {Les} hmm grind up close gap day?

[09:12] {ese} good morning....was in vancouver for 4 days.....hows it goin

[09:13] {Threei} ese :)

[09:13] {ese} morning vad

[09:15] {shorty} good morning

[09:15] {Threei} CYTK Announces Presentation of Non-Clinical Data From Its Smooth Muscle Contractility Program at the American Thoracic Society's 2010 International Conference (3.02, 0.00, 0.00%)

[09:15] {Threei} shorty :)

[09:19] {RonS} g'day mates :)

[09:19] {Threei} Ron :)

[09:20] {Threei} what's with Australian this morning, lol

[09:20] {Les} howzit goin?

[09:21] {Threei} no clear plays so far for the open

[09:21] {Threei} these big gaps mud the water

[09:21] {RonS} ...was in Japan...any whites I saw were Aussies...went to a club...the bounces was white...i said Howa doin mate...he said screw that..I'm from Alabama.

[09:22] {Threei} rofl

[09:22] {strider} top pre-mkt gainers: FRX VVUS BIDU X WMT

[09:23] {RonS} ...end of the world?...wmt a top gainer?

[09:24] {Threei} VVUS, Third Point took a stake, 1 mil sharesa

[09:24] {strider} FIS big drop

[09:25] {RonS} fis...bx deal dead

[09:25] {lasertrev} gm

[09:26] {Threei} trev :)

[09:27] {Threei} (PD) Polish Fin Min Rostowski: Euro Zone entry is possible in 2014, but would not rule out 2015-16 period for EMU entry

[09:27] {Threei} if there is what to enter by then, that is

[09:27] {Les} oof they have enough trouble borrowing swiss francs

[09:27] {magoo} vad, any new news gs?

[09:28] {Threei} yest midday

[09:28] {Threei} The Goldman Sachs Group Inc Fox's Gasparino comments again on potential for Goldman settlement with the SEC; sees signs that SEC may be showing a willingness to settle

[09:28] {Threei} - Gasparino reports that sources say the SEC has decided to not officially serve Goldman with the fraud complaint, giving Goldman an additional 60 days (instead of 30) to answer the complaint or file a motion to dismiss. Gasparino says that this shows the SEC may be more willing to settle the case.

[09:28] {magoo} ty

[09:29] {Threei} VVUS, quick pullback to abour 12.60, I'd be interested

[09:32] {jfjf64} mornin

[09:32] {Threei} jf :)

[09:32] {magoo} nice dump ford

[09:33] {Threei} UK) Chancellor Osborne: UK will impose a bank tax; opposes EU budget regulation proposals

[09:33] {Threei} - Notes UK informed the EU about its concerns over new hedge fund regulation proposa

[09:33] {Threei} HAUP

[09:34] {Threei} don't see any news

[09:35] {nemo} quiet gap up morning

[09:35] {magoo} wow F

[09:37] {magoo} wow IFLG vad

[09:37] {Threei} just gravity

[09:38] {dino} fdx sm l .00

[09:38] {magoo} L F .05

[09:38] {magoo} .99 stop

[09:40] {Threei} Long Setup: HAUP .10 break

[09:40] {Threei} if stays above 3

[09:41] {ese} L sina .34

[09:42] {dino} sm l vit .85

[09:42] {dino} thin

[09:42] {ese} out sina .58 +.24

[09:42] {shorty} wtg

[09:42] {ese} tks

[09:43] {dino} gj

[09:43] {magoo} F not looking good

[09:45] {dino} cyd sm l .29 thin

[09:46] {Threei} Short Setup: WFC .80 break

[09:46] {Threei} if stays below .90

[09:48] {dptl} in .78

[09:48] {dino} fdx strangely wide boid/ask today

[09:49] {dino} out fdx .77, +.77

[09:50] {Les} s ma 213 sm and wide

[09:50] {shorty} nice dino

[09:50] {dino} ty

[09:50] {magoo} F stopped

[09:50] {magoo} GS low vad

[09:51] {dino} out vit .66, +.37

[09:51] {Threei} one more pullback, holding above .35, then break .50, maybe

[09:51] {dino} oops, cyd i mean

[09:52] {Threei} like this

[09:52] {Threei} not anymore, too deep pullbacl

[09:52] {Threei} not ready yet mags

[09:52] {magoo} ty..agree

[09:52] {magoo} looky BIDU

[09:53] {dino} qcom l .25

[09:54] {Les} cover ma +.74

[09:55] {magoo} AIG strong vad, financials all weak

[09:55] {Threei} WFC, stop to .85

[09:55] {dino} gj les

[09:55] {Threei} touched 1:1

[09:56] {Threei} AIG, drop to .40 gets me interested

[09:56] {strider} long GS .03

[09:56] {magoo} might not drop

[09:56] {Threei} then it'll go without me

[09:56] {Threei} I am not chasing it here

[09:56] {magoo} 40 break im intereseted'

[09:56] {ese} vad what kind of scans are you looking at mostly these days

[09:57] {Threei} JBE, DBI, 2 days breaks, small stocks runningh

[09:57] {Threei} WFC, finally

[09:57] {dino} out qcom +.02, mkt dropping

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

[09:57] {ese} tks

[09:57] {Threei} I am out 3/4

[09:58] {shorty} out ty Threei.

[09:58] {Threei} stop to .80

[09:58] {Threei} ICXT... interesting daily

[09:58] {Threei} low volume...

[10:00] {Les} stopped gs -.14 looked good strider but market looks heavy s .78 sm and wide

[10:00] {Threei} keeping an eye on IMAX

[10:00] {strider} I'm in small with .50 stop

[10:00] {Threei} daily is seriously tempting

[10:01] {dino} or "pleasant to look at"

[10:01] {ese} L gild .73

[10:01] {Threei} lol dino

[10:02] {ese} out gild .75 +.02 same reason

[10:02] {ese} mrkt dropping

[10:03] {strider} stop GS

[10:04] {Les} out .26 + .52

[10:04] {Les} GS

[10:04] {jfjf64} lvs going downnnnnnnnnnnnnnnnn

[10:04] {dino} out vit .75 -.10

[10:04] {Les} damn MA keep underestimating it

[10:05] {magoo} LVS vad creamed

[10:05] {Threei} yes, on radar

[10:05] {Les} TIVO kicking the bucket. nearing 10 again

[10:06] {Threei} Angola Oil Min Vasconcelos: OPEC may call an extraordinary meeting if oil prices fall further

[10:06] {Threei} 70 is not enough enymore?

[10:06] {Threei} LVS, sharp drop to .90 for entry

[10:07] {Threei} with stop under .80

[10:10] {Les} dish 23 b/d?

[10:10] {Les} or lod?

[10:10] {Threei} bounce looks more likely to me

[10:10] {Les} ok

[10:11] {Threei} a bit on narrow side though

[10:11] {Threei} not sure it's a good pond to fish in

[10:12] {Threei} TIVO...

[10:12] {Threei} chart says short breakdown

[10:12] {Threei} common sense says no way

[10:13] {Threei} I would prefer a little pullback here, then break of 10.10 for long

[10:15] {Threei} mags, look where AIG bounced from

[10:15] {magoo} yup

[10:15] {magoo} not in tho

[10:15] {Threei} .40, cent precision

[10:16] {magoo} u read it well

[10:16] {Threei} LVS got away

[10:16] {Threei} never pulled back

[10:17] {Threei} 45 minutes, just one trade

[10:17] {dino} cyd l .00

[10:17] {nemo} gap up day

[10:17] {Threei} yeah

[10:17] {Les} s ma 210.04 risky but it has failed all support on 1 min. chart

[10:18] {dino} vit sm l .94

[10:18] {strider} long TIVO .11

[10:19] {Threei} EU) France PM Sarkozy and Spain Fin Min Zapatero aim to increase pace of Eurozone stabilization measures - unconfirmed report

[10:19] {Threei} scared to think how

[10:21] {Les} kill hedge funds, scare investors, reduce retirement benefits and close borders to trade

[10:21] {Les} voilà, I should be a politician

[10:21] {Threei} better yet

[10:21] {Les} cover MA +1.00

[10:21] {nemo} wow walmart up

[10:21] {Threei} nationalize economy

[10:21] {Les} right, forgot that one

[10:22] {Les} back to the franc fort policy

[10:22] {Les} TIVO dead?

[10:23] {strider} stop TIVO -.09

[10:23] {Threei} (IA) US Sec of State: Major UN powers have agreed on draft for Iran sanctions (related GLD USO )

[10:24] {Les} was long too strider stopped -.08

[10:25] {dino} cyd stopped-.11

[10:28] {Les} market slowing down

[10:28] {Threei} (US) Education Dept confirms Shireman to resign; will remain in advisory capacity to assist transition (related APOL ESI COCO CECO EDU DV )

[10:28] {Threei} APOL

[10:29] {Threei} hgetting buyers on this

[10:29] {Les} wow what was ESI's news yesterday?

[10:29] {Threei} nah, this theme obviously played out yestreday

[10:29] {Les} right

[10:30] {dino} dv sm s .40

[10:32] {strider} sh BP .30

[10:32] {Threei} (US) US Treasury plans to announce new initiative to spur lending

[10:32] {Threei} - Note that this new credit initiative includes $20B in lending aid.

[10:32] {Threei} - More details to be announced at 13:00ET during a House hearing.

[10:33] {dino} ndx open gap fill, s/p next

[10:33] {strider} stop .38 BP

[10:34] {shorty} see you guys in a bit

[10:34] {dino} cya

[10:35] {dino} idsa sm l .76

[10:36] {dino} thin wide

[10:36] {Les} MA sm l .51

[10:39] {strider} stop to b/e BP

[10:39] {dino} cov dv flat

[10:39] {strider} cover stop -.01

[10:40] {dino} fdx sm l .75

[10:41] {Les} MA stopped -.90

[10:41] {Les} not ready

[10:42] {strider} GS dbl bottom

[10:43] {Les} sm l MA 207

[10:43] {Threei} what are you doing?

[10:43] {Threei} market drops, MA drops

[10:44] {Threei} what's with arbitrary bottom picking?

[10:44] {nemo} yeah, what pattern?

[10:44] {Les} pivot, but not holding

[10:45] {dptl} xto?

[10:46] {Threei} no read XTO

[10:47] {dptl} ok ty...thought break .80 short

[10:49] {dino} fdx stopped -.32

[10:49] {dino} s/p gap fill

[10:50] {Les} cover bp +.22 ty strider

[10:51] {Les} cover MA +1.30

[10:51] {Les} trend is your friend

[10:51] {dino} gj

[10:51] {larisa} "sm l" means you were short? :)

[10:52] {Threei} lol

[10:52] {Threei} I was wondering the same

[10:54] {Les} no cut my loss and reversed

[10:54] {Threei} watching LVS for short

[10:54] {Threei} with market reversal

[10:56] {Threei} no clear setup yet

[10:58] {Threei} brisk move over .10, then watch for recross back down

[10:59] {Threei} grrr

[10:59] {Threei} having right idea doesn't help, exat etry gets away

[10:59] {Threei} exact entry

[11:01] {dino} fdx rinsed

[11:01] {dino} intc l .55

[11:05] {dino} ctsh sm l .51

[11:09] {Les} MA sm l .06

[11:10] {jfjf64} byd lots vol today

[11:11] {Threei} US) US Senate Democrats considering amending legislation to allow for unlimited liability in oil spills

[11:13] {shorty} Are we in anything?

[11:15] {dino} i am

[11:17] {shorty} I know you are dino. :)

[11:17] {dino} :D

[11:22] {Les} ma stopped

[11:23] {strider} HSC

[11:24] {dino} out intc .73, +.18

[11:25] {Threei} Short Setup: LVS .10 break

[11:25] {Threei} if stays under .15 for scaslpers, .20 for day traders

[11:26] {nemo} wow

[11:26] {Threei} too sharp

[11:26] {Threei} cancel; that

[11:26] {Threei} don't wabt to short into long red bar if it triggers that way

[11:27] {nemo} .20 was the open

[11:29] {Threei} no shoeting, tide seems to have reversed

[11:39] {Threei} no trades ahywhere I look

[11:39] {Threei} AIG .80 breakdown was one that worked but not something I was willing to call

[11:39] {larisa} 39.80?

[11:40] {Threei} lol

[11:41] {larisa} and i was not trying to make a joke :)

[11:41] {Threei} I am easily amused

[11:44] {Threei} New stock specific circuit breaker rules could reportedly begin 6 month pilot program on June 14; details remain under discussion - unconfirmed report

[11:44] {Threei} - rules could be announced as earler as Today

[11:45] {Threei} something tripped the market

[11:45] {Threei} don't see any news

[11:47] {Threei} that LVS trigger did work after all, lol

[11:48] {shorty} oh well

[11:48] {larisa} 38.77 was pivot

[11:48] {larisa} sorry, looking at aig :)

[11:48] {Threei} Long Setup: AIG .50 break

[11:49] {Threei} half lot

[11:49] {shorty} lol

[11:49] {nemo} oh well

[11:49] {shorty} lol

[11:50] {shorty} WFC b/d .10 Threei?

[11:50] {Threei} over 1:1

[11:50] {nemo} out ty

[11:50] {Threei} :)

[11:51] {Threei} 2 and half hours, second trade

[11:51] {nemo} I got .47 on the pull back

[11:51] {Threei} not sure abou that one shorty... if market sells off like crazy, yes

[11:51] {Threei} otherwise, a bit overextyended

[11:51] {shorty} ok thanks

[11:53] {Threei} back to AIG short, there was a huge bid at .80, larisa

[11:53] {Threei} its break was my indication for short

[11:53] {Threei} but trade looked so unsafe, I never found the heart to call it

[11:55] {larisa} :)

[11:55] {Threei} it of course was the day low at the moment

[11:55] {Threei} not like bid alone was indication

[12:00] {dptl} short hpq .29

[12:03] {Threei} nice dp

[12:03] {Threei} 1;1

[12:03] {dptl} out.17 ty

[12:04] {Threei} even though I am not sure for what, but hey - you are welcome

[12:04] {dptl} {&Threei} nice dp :)

[12:04] {Threei} oh wait, I know... I taught you that setup

[12:04] {nemo} ahh missed wfc short

[12:04] {Threei} there :)

[12:04] {nemo} although volume coming in

[12:04] {dptl} :)

[12:05] {Threei} EXPE...

[12:05] {Threei} .30 break short

[12:05] {Threei} .28 big bid

[12:05] {nemo} va volume cme in on wfc and didn't get the offers to lift

[12:06] {Threei} EXPE CEO: Evaluating possible acquisitions in Europe; a weaker euro is a negative for the company overall - conf comments

[12:06] {Threei} - notes that the Iceland volcano is a negative impact

[12:07] {nemo} stop here vad?

[12:07] {Threei} no, .40 is resistance

[12:10] {Threei} VVUS...

[12:12] {dino} qcom l .70\

[12:17] {Threei} let's scratch EXPE

[12:17] {Threei} no read really

[12:17] {Threei} can do anything

[12:17] {nemo} lunch time

[12:17] {nemo} I think I'll have a liquid one

[12:17] {Threei} no harm

[12:17] {Les} inverted h&s spy?

[12:17] {Threei} yeah, sure looks like that

[12:17] {nemo} and Qs

[12:18] {Les} then GO YA BASTARD!!!!

[12:18] {Les} get up there

[12:18] {Les} I'm fine now

[12:18] {Threei} thank goodness

[12:21] {Threei} DB Strength attributed to reports German govt is moving closer to action on limiting nake short selling (61.79, +0.55, 0.90%)

[12:21] {Threei} poor things

[12:21] {Threei} they think it'll help

[12:22] {Threei} the only one who is going to be upset about prohibition on naked short selling is magoo

[12:22] {Les} damn expe works

[12:22] {Threei} shrug

[12:22] {Les} very rude

[12:22] {shorty} covered EXPE .18..ty Threei

[12:22] {nemo} naked short selling should be limited

[12:23] {Threei} welcome

[12:23] {Threei} to good looking short sellers, nemo?

[12:23] {nemo} ?

[12:23] {Threei} sigh... never mind

[12:23] {nemo} only the fed can make stuff out of thin air

[12:23] {nemo} ahhh sorry

[12:23] {dptl} vrsn?

[12:23] {nemo} get it

[12:23] {nemo} good one actually

[12:23] {dino} i will be happy to have magoos' naked trading banned

[12:24] {Threei} dp, this is something out of parallel universe

[12:24] {Threei} 52 week high break, today?

[12:24] {Threei} well.. it might be justr crazy enough to work

[12:24] {dptl} ok ....ye wierd

[12:25] {Threei} - in negotiating for votes on the EU financial backstop plan, some legislators in Germany have demanded it go hand in hand with new regulation on the financial sector including a ban on naked short sales (initially surfaced as a possibility a few months ago) as well as potentially imposing a fiancial transaction tax (Tobin tax) on the industry to help pay for the EU backstop.

[12:25] {nemo} there goes vrsn

[12:25] {dino} never admit it was budget issues

[12:25] {dptl} ah..missed it

[12:25] {Threei} take scalp if went for it, IMO

[12:26] {Threei} when smackdown comes it will be brutal

[12:26] {dptl} damn russian tv...missed it lol

[12:27] {Threei} ah those figure scaters... highly distractive dp

[12:28] {dptl} lol...no, it's a news lady

[12:28] {Threei} what. nakednews.com is still running?

[12:28] {dptl} roflol.....

[12:29] {dptl} you know them too?

[12:30] {Threei} it was a hot thing in Russia abour 10 years ago

[12:30] {Threei} I though I was joking... are they still around??

[12:30] {RonS} ...until winter came...

[12:31] {dptl} yes they are

[12:31] {Threei} ok... not making any naked jokes anymore... zero for two

[12:35] {shorty} This is funny: I like American news sometimes. http://www.break.com/index/anchor-asks-totally-inappropriate-question.html

[12:36] {nemo} hehehehe

[12:38] {nemo} wow V

[12:38] {dptl} vrsn still going

[12:38] {Threei} and no news

[12:38] {Threei} just shows you how out of whack everything is

[12:41] {RonS} ...fundies out with new positon report...maybe vrsn is up on that...byd moving due to Paulson interest

[12:41] {Threei} BYD, yes

[12:42] {Threei} there were quite a few stocks on that Paulson list

[12:44] {RonS} 3i, aig .72 break = long w/ market help?

[12:44] {Threei} not my fasvorite

[12:44] {Threei} very random

[12:44] {Threei} AIG doesn't move like this

[12:45] {Threei} toss a coin, will be very similar to this play outcome

[12:45] {Les} imax holding up. looking at 20 break if market rallies?

[12:45] {Threei} I think so

[12:46] {Threei} I'd prefer IMAX to break out tomorrow

[12:46] {Threei} daily would have been ideal for such play

[12:48] {dino} you know, my 3 day in 1 theory is incorrect, most days its like 4 in 1.

[12:48] {RonS} ...plus it rains sometimes...

[12:48] {dino} lol

[12:48] {Threei} rofl

[12:49] {dino} raining here, pretty much every other day this month

[12:49] {RonS} ...finally had the last snow last week...i think

[12:50] {Les} starting to clear up here this wek

[12:50] {dino} we had flurries about 10 days ago

[12:50] {Threei} jeez

[12:50] {Threei} are we on the same planet?

[12:51] {Threei} http://photography.realitytrader.com/2010/05/few-delicious-landscapes.html

[12:51] {Threei} this is what we have

[12:51] {RonS} ...it is all al gore's world and we just live on it

[12:51] {Threei} and I've got a few dozens more, even more delicious... didn't have time to prepare them

[12:52] {RonS} ...the northwest has been one of the few beneficiaries of global warming...enjoy it while the rest of us freeze

[12:55] {ese} can hardly wait for summer.....can get back to this more on a full time basis

[12:55] {ese} my phone is ringing off the hook these days

[12:56] {Threei} IMAX consolidates,, more or less

[12:59] {Les} vrsn b/d of 28

[13:00] {nemo} yeah

[13:02] {Les} out vrsn +.10

[13:03] {Threei} AONE UPDATE: Noble Financial Raised AONE to Buy from Hold

[13:03] {Threei} - pre-open

[13:03] {Threei} Noble Financial?

[13:03] {Threei} sounds like someone who would pgrade simply because they are "clean energy"

[13:03] {Les} crap smackdown in vrsn is good

[13:03] {Threei} yeah

[13:04] {dptl} bp short?

[13:05] {Threei} probably

[13:05] {dptl} in.98

[13:05] {Threei} fast and easy

[13:06] {Threei} just as we like'em

[13:06] {Threei} 1;2

[13:06] {dptl} +.10 out

[13:06] {Threei} GE) Germany Chancellor Merkel: In support of the financial transaction (tobin) tax

[13:06] {nemo} oh shit

[13:06] {Threei} and I thought germany was last pillar of common sense in Europe

[13:07] {Les} she said elsewhere that she is not in favour

[13:07] {Les} wish they'd make up their friggin minds

[13:08] {Les} There is widespread concern among the gathered ministers that such a tax could make investors wary of doing business in the EU. German Chancellor Angela Merkel had also recently made it clear that she was skeptical of a financial transaction tax,

[13:08] {Les} double think

[13:08] {Les} welles would be proud

[13:10] {RonS} .kill the euro...the finnies et al. vix at hod

[13:13] {Threei} that change of heart could be a result of negotiations with US, Les

[13:13] {Threei} if they synchronize such step

[13:13] {nemo} Geithner, et al. have been against the tax

[13:15] {nemo} http://www.entdecke-deutschland.diplo.de/Vertretung/entdeckedeutschland/en/__pr/2010__taegliche__Nachrichten/Mai__2010/100517-2,archiveCtx=2564744.html

[13:16] {Threei} in case you worried,

[13:16] {Threei} EUR/USD (EU) EU's Rompuy: Euro fundamentals are safe and sound (related EUR/CHF EUR/JPY )

[13:16] {nemo} that'll make me sleep better

[13:16] {Les} Oh I like Euro fundamentals for our summer holidays

[13:21] {RonS} ...the euro/yen cross is falling apart 113.58 from in the 115's earlier

[13:21] {Threei} GE) German Finance Ministry confirms to ban naked short selling on 10 large German comapnies effective midnight

[13:22] {dino} big whoop

[13:23] {RonS} and euro-region government bonds

[13:24] {Threei} short selling ban would also apply to naked sales of CDS on Euro Govt bonds

[13:24] {dino} naked shorts through, not short selling

[13:24] {Threei} yeah

[13:24] {dino} that rule is already in usa

[13:24] {Threei} what's the probelm... ban it

[13:24] {Threei} and enforce it

[13:25] {dino} lol, good luck on enforcing

[13:25] {Threei} hehe

[13:25] {Threei} anyway, no ine will miss it but magoo

[13:25] {Threei} and dp

[13:26] {dino} the problem i see, is they are about to go nuclear on this speculator war and outright ban shortselling if things get worse

[13:26] {Threei} yup

[13:26] {Threei} and when it doesn';t work, they close market

[13:26] {dino} fdx sm l .00

[13:26] {Threei} and nationalize everything

[13:27] {dino} yes 3i, it will not work, will kill liquidity and crash markets

[13:27] {Threei} because they only have best intentions and know better

[13:27] {Threei} the only reason I am not delighted is, I have seen this movie already... I'll be bored

[13:28] {dino} their morals are screwed up. they think "feel sorry" while it should be "be productive"

[13:29] {RonS} ...fee rings...woh, woh, woh

[13:30] {Threei} well, they don't even hear how ridiculous their motto phrases sound.. my favorite:

[13:30] {ese} nvda triple bottom on 30min chart

[13:30] {Les} vrsn

[13:30] {Threei} Governemenrt should help

[13:30] {Threei} VRSN Have reportedly been approached by potential buyers for security business - unconfiremed report (27.80, +0.96, 3.58%)

[13:30] {ese} just my style these days......with the amouynt of time i get with you all.......slow moving

[13:31] {Threei} - Note: Earlier today reports circulated that the CEO had pulled out of a conference, which was promptly followed up by reports that it was due to a 'scheduling conflict'

[13:31] {Threei} Governemenrt should help taxpayers

[13:32] {Threei} the more you think of this, the more you wonder...

[13:32] {RonS} ...classic rumor starter...

[13:33] {ese} gotta go see you all tomorrow....

[13:33] {Threei} take care ese

[13:33] {dino} cya

[13:33] {ese} cya vad

[13:33] {ese} dino

[13:33] {Les} ciao man

[13:34] {RonS} Harvey Korman...Count de Monet

[13:36] {magoo} DNDN

[13:36] {magoo} DNDN

[13:37] {Threei} DNDN Hearing takeover chatter circulating (44.67, +1.27, 2.93%)

[13:38] {RonS} uron/jpy lod

[13:39] {RonS} eruro

[13:39] {RonS} jeez euro

06[13:39] * nemo slaps RonS around a bit with a large dictionary

[13:39] {Threei} sorry Ron

[13:39] {Threei} this is my fault

[13:39] {nemo} ?

[13:39] {RonS} 113.32

[13:39] {Threei} my typing is conragious

[13:40] {Threei} r=t

[13:40] {dino} 122.40

[13:40] {dino} fxe

[13:43] {nemo} o.k. what's going on with laser? look at the activity log

[13:43] {dino} fdx stopped -.31

[13:43] {Threei} some wierd coding, lol

[13:43] {RonS} 113.23

[13:44] {larisa} someone is cursing in russian :)

[13:44] {nemo} Trev?

[13:44] {shorty} Colonel killed in Afghanistan. http://www.cbc.ca/world/story/2010/05/18/kabul-afghan-blast.html

[13:44] {RonS} vix hod

[13:44] {Threei} it can be swuahili just as well larisa :)

[13:45] {RonS} 113.18

[13:46] {RonS} 113.10

[13:47] {RonS} ...i am thinking the PPT's are going to rip this thing back up

[13:49] {nemo} it wouldn't surprise me for today to go like yesterday

[13:49] {dino} ron, why eu/jp? why not fxe?

[13:50] {RonS} ...recognition last week by many that the euro/jpy has been preceding the market...it works until it does not...

[13:51] {dino} hmmm

[13:52] {RonS} ...from here though i think the tell is in the vix...it is not up much yet...but at the hod

[13:55] {dino} shhesh, the govt gets involved and v loses a year worth of gains in a week

[13:55] {lasertrev} sorry, someone sent there message to everyone by mistake

[13:56] {nemo} that's what the red is

[13:56] {lasertrev} not sure what that is? russian u say Vad?

[13:56] {Threei} I don't know, wrong coding

[13:58] {dino} intc l .52

[14:05] {Threei} bounce or further down...

[14:06] {nemo} well, you got the left side of inverted H&S on spy and qs

[14:08] {Les} wow just saw midday plunge yesterday. impressive

[14:09] {Threei} recovery was even more so

[14:09] {Threei} ok... feels like some bounce is in order

[14:09] {Threei} Long Setup: AIG .90 break

[14:10] {Threei} modification

[14:10] {Threei} .85 break

[14:10] {Threei} if stays above .75

[14:11] {dino} vit sm l .10

[14:11] {magoo} in

[14:11] {Threei} not a scalp for me

[14:11] {nemo} missed it

[14:15] {Les} all out +.07 1k scalp only ty

[14:15] {Threei} sure thing

[14:16] {nemo} 1:1

[14:18] {Threei} over 1:1, 1/3 out

[14:18] {Threei} .97

[14:19] {Threei} stop to under .80

[14:20] {nemo} I thought after 1:1 stop goes to be

[14:20] {Threei} out

[14:21] {Threei} on volatile ones if I really want to give them a bit more room, I trail more looselyand alwats alert if I do so

[14:21] {nemo} gotcha

[14:28] {dino} fcx sm l .25

[14:28] {dino} gap filled

[14:29] {dino} fdx sm l .25

[14:30] {Threei} F Moody's raises rating on Ford and Ford Motor credit one notch to B1 from B2

[14:30] {Threei} - affects $65B in debt

[14:31] {nemo} oohhhh this is looking heinous

[14:31] {larisa} panic on MA

[14:32] {Les} damn reading story to kids missed it

[14:32] {Threei} dump kids

[14:32] {Les} lol

[14:33] {nemo} look at v

[14:33] {Les} making an effort. allowed trading to take up too much of evening. finding balance is hard.

[14:34] {Les} so credit is no longer cool

[14:35] {Les} waiting for the bounce

[14:37] {dino} fcx stopped, fdx stopped

[14:37] {larisa} my mistake, 1 point drop on MA in 2 sec is not a panic, it is normal trading :)

[14:37] {dino} v dropped too

[14:37] {Les} the new AIG

[14:38] {RonS} euro/jpy busting 113...finnies murdered

[14:38] {Threei} actually... for MA it pretty much is, larisa :)

[14:44] {dino} rinses

[14:44] {Threei} AIG, watch fpr pullback under .60

[14:44] {Threei} with long entry with stop under .50

[14:46] {Threei} I seriously don't remember a day when I found just three trades to call

[14:46] {Threei} 3 for 3 though, so it's fine with me

[14:47] {Les} ah come on. I remember a one trade day in last 6 months

[14:47] {Les} at least it hasn't been boring

[14:48] {nemo} mmmhhhh....anybody believe Les?

[14:49] {Les} I don't need your affirmation. I have it here right in my own mind

[14:49] {strider} I believe less than you do.

[14:49] {nemo} stand up Les, it'll take pressure of your brain

[14:49] {RonS} ...i believe he read a book...

[14:49] {Les} hehehe

[14:50] {Les} that was funny

[14:51] {Threei} that was the day when I got disconnected for 7 hours out of 7 and half Les

[14:52] {Threei} EUR/USD Sets fresh 4 year low at 1.227

[14:52] {Threei} wolfpack at the door eh

[14:52] {Les} nah nah nah

[14:53] {Les} I was here just a couple of months

[14:53] {dptl} bp d/bottom?

[14:53] {Les} you were recounting it was like trading summer months

[14:53] {Threei} very much depends on markert dp

[14:53] {Les} dead days as market slowly melted up

[14:53] {Threei} either that or another breakdown

[14:53] {Threei} watch AIG

[14:54] {dptl} ok ty

[14:54] {Threei} coes to the formation I had in mind

[14:55] {Threei} BP is looking more like short, lol

[14:55] {Threei} AIG 1:1

[14:55] {dino} ma sm l .04

[14:55] {nemo} what call?

[14:55] {dino} out ma .45, +.41

[14:56] {Threei} 14:44] {Threei} AIG, watch fpr pullback under .60

[14:56] {Threei} [14:44] {Threei} with long entry with stop under .50

[14:56] {Threei} pay attention, man...

[14:56] {nemo} oh, that was awhile ago

[14:56] {nemo} sorry

[14:56] {jfjf64} nice nice

[14:56] {Threei} so I reminded:

[14:56] {Threei} [14:53] {Threei} watch AIG

[14:56] {Threei} [14:54] {dptl} ok ty

[14:56] {Threei} [14:54] {Threei} coes to the formation I had in mind

[14:56] {strider} I got .56, out at .74

[14:56] {Threei} :)

[14:57] {Threei} that's 4 calls... wow

[14:57] {Threei} BP...

[14:57] {Threei} Short Setup: BP .50 break

[14:57] {nemo} got support down to .43

[14:57] {RonS} euro/jpy busted yeserday's lod and is now 112.64...heading for 5/16 low

[14:59] {dino} fxe new 52 wk low

[15:02] {strider} vxx hit 29

[15:03] {Threei} scalpers got 1:1 BP

[15:03] {jfjf64} nice nice

[15:04] {RonS} new 4 year low

[15:04] {RonS} eu/jpy 112.221

[15:04] {RonS} 112.09

[15:04] {Threei} day traders are about to

[15:04] {Threei} stop to .55 for day traders too

[15:07] {Les} gs

[15:07] {strider} would be nice if Laser adjusted charts for splits.

[15:08] {Threei} scalpers win

[15:10] {Threei} bounce or not...

[15:13] {Les} out gs +.36

[15:20] {Threei} let's see if we get pullback deep enough for safe entry

[15:21] {strider} what?

[15:21] {Threei} BP, AIG

[15:21] {Threei} BP I want under .60

[15:22] {Threei} ok

[15:22] {Threei} recross hunt

[15:22] {Threei} with an eye on SPY

[15:23] {Les} ma held strong on pullback

[15:30] {Threei} .42 long

[15:30] {Threei} if holding .35

[15:30] {Threei} BP

[15:30] {nemo} that was interesting saw 45.38 on bp immediately followed by .51

[15:31] {shorty} have a good day guys.

[15:31] {Les} ciao shorty

[15:31] {Threei} take care shorty

[15:32] {Threei} invalidated

[15:33] {Les} ma loco..

[15:34] {Les} gs

[15:36] {Threei} missed BP bounce

[15:38] {Threei} Long Setup: AIG .60 break if stays above .50

[15:38] {Threei} last one for today

[15:42] {Threei} 1;1

[15:45] {Les} out .71 missed the top ty

[15:45] {Threei} sure

[15:46] {Les} can't believe MA

[15:46] {dino} clf sm l .25

[15:46] {Threei} US Senate Votes against Corker (R-TN) Amendment in Senate financial reform bill

[15:46] {Threei} - Corker amendment was to remove the 'skin in the game' provision for banks to retain 5% of risk in securitized assets

[15:46] {Threei} - Vote was 43-55

[15:46] {Threei} - Note: OCC"s Dugan in the past had spoken against the 'skin in the game' provision as some elements may be 'too' rigid

[15:47] {dino} more like lobbying $ got to him

[15:51] {Les} interesting day. c u's tomorrow

[15:52] {Threei} take care les

[15:52] {dptl} good evening all

[15:52] {Threei} take care dp

[15:54] {Threei} AIG 1:3 almost

[15:55] {nemo} oh crist I was out when it went back to trigger

[15:56] {Threei} VRSN Near deal to sell security division to SYMC for approx $1.3B - WSJ (related SYMC )

[15:56] {dino} out qcom +.07, out intc -.03

[15:58] {dino} out clf -.12

[15:59] {dino} nice v, ma bounces

[16:00] {Threei} thank you all

[16:00] {larisa} $8 bounce MA, after all, it was a panic at 196:)

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {larisa} bye all

[16:00] {nemo} c ya

[16:00] {Threei} lol larisa

[16:00] {dino} feels like a panic at 220, imo

[16:01] {larisa} stock is drama queen :)

[16:01] {Threei} MA begs to differ

[16:01] {Threei} it thinks it's cool and calm

[16:02] {larisa} :)

13 2010

The day started very well with 30 something cents win on LVS, strong long on WFC, scalp on BIDU... and then turned into total boredom with no clear setups, aside of couple news plays.

Session Time: Thu May 13 00:00:00 2010

[08:00] {Threei} :02 DVAX Wedbush Morgan Raised DVAX to Outperform from Neutral, price target: $ 6

[08:00] {nemo} anybody take bidu overnight?

[08:02] {Threei} why would we

[08:02] {nemo} well, it did finish near the highs strongly

[08:03] {Threei} yes but it's so market-dependent

[08:03] {Threei} and anyone forecasting how market is going to open next day these days...

[08:03] {Threei} we live in era of 400 pont gaps :)

[08:04] {Threei} I am shuddering of mere thought of getting caught into such gap on the wrong side

[08:13] {Threei} US) Preview: Initial jobless Claims due at 08:30 ET (12:30 GMT)

[08:13] {Threei} - Expectations for initial claims are 440Ke v prior week at 444K

[08:17] {Threei} DVAX is interesting

[08:30] {Threei} US) APRIL IMPORT PRICE INDEX M/M: 0.9% V 0.8%E; Y/Y: 11.1% V 11.3%E

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 444K V 440KE; CONTINUING CLAIMS: 4.627M V 4.59ME

[08:38] {Threei} serious sizes change hands on DVAX

[08:47] {Threei} EUR/USD Sets fresh session lows, approx 30 pips from last week's low at 1.2518

[08:47] {Threei} that damn wolfpack just won't let go

[08:48] {Threei} I think it's tiome for another trilion - that'll show them

[08:50] {Threei} June crude futures move to new multi-month lows ahead of open for floor trade in NY

[08:50] {Threei} - trades toward $74 through last week's European debt crisis low of $74.50

[08:50] {Threei} certainly time for another trillion

[08:51] {Les} morning

[08:51] {Threei} hey Les

[08:51] {nemo} afternoon

[08:52] {Les} and another crummy afternoon it is. bit warmer in the states is it?

[08:53] {nemo} clear and cool in the Northeast

[08:53] {Threei} it's a big continent...

[08:53] {Threei} sunny and warm here

[08:54] {Les} that would be nice

[08:54] {Threei} air is thick with flower/ocean scent

[09:01] {Threei} ECB's Bini Smaghi: Recent sovereign debt ratings downgrades raise certain doubts, would be a mistake for ECB to depend on ratings

[09:01] {Threei} yes.. let's depend on them when they upgrade and ignore when downgrade

[09:01] {Threei} - Would be "ridiculous" to compare Greece with Argentina

[09:01] {Threei} Argentina agrees

[09:07] {dptl} good morning

[09:07] {nemo} dp :)

[09:07] {Threei} dp :)

[09:08] {Threei} I hope it's not Wedbush Morgan selling all that DVAX

[09:08] {Threei} that would be unethical and immoral, right?

[09:09] {Threei} uh

[09:09] {Threei} oh

[09:09] {Threei} (EU) IMF"s Lipsky: cannot estimate quantity of aid will be dispersed this year , but at times a restructuring of debt is appropriate

[09:09] {Threei} that's a first official "ummm, maybe..."

[09:10] {Les} restructuring? that sorta a soft default is it?

[09:11] {Les} sorta a a a a... sort of a

[09:11] {Threei} exactly

[09:12] {Threei} "can't pay you back now, man, let's negotiate some changes so I get some relief, you know..."

[09:12] {Les} that'll do wonders for the Euor

[09:12] {Les} euro

[09:12] {Threei} "a little bit later, a little bit less interest, maybe forgive some of debt... better for you than if I collapse, right?"

[09:13] {Threei} no no no Les... that's all wolfpack's fault

[09:13] {Threei} speculators

[09:13] {Threei} CSCO CEO: people may have "over interpreted" his cautionary remarks on the conf call presentation yesterday - CNBC interview

[09:13] {Threei} lol

[09:19] {Threei} do we have some routes disconnected again?

[09:20] {Threei} no, dino's here

[09:20] {dino} gm all

[09:21] {Threei} dino :)

[09:21] {shorty} morning

[09:21] {Threei} shorty :)

[09:21] {RonS} hey y'all :)

[09:22] {Threei} don't know what to say on DVAX guys... chart looks good, upgrade gives nice target... but there is some pretty big seller lurking out thjere

[09:22] {lasertrev} good morning

[09:22] {Threei} Ron, trev :)

[09:22] {Threei} another interesting chart is VVUS

[09:22] {dino} regarding greece, its the old saying, when you owe the bank $100k its your problem, when you owe the bank $1million its their problem

[09:23] {Threei} yeah

[09:23] {Threei} that trillion, IMO, sealed Euro and EMU's fate

[09:24] {Threei} instead of amputation with its immediate pain they prefer slow gangrene

[09:24] {Threei} GR) Greece Public power union calls for 48 hour strike on May 25

[09:24] {dino} asps, good report and drops

[09:25] {RonS} dino, J Paul Getty coined that phrase in the '60's

[09:28] {Threei} no clear opening play here

[09:28] {RonS} looking at amsc for a squeeze candiate 13.5 mi short, 35% float

[09:28] {_stewy} morning to all:)

[09:28] {Threei} stewy :)

[09:28] {dino} sy 65 takeover

[09:28] {RonS} ...guess we need to wait for Mags list :)

[09:28] {Threei} if anyone got tempted by DVAX at 2, either look to scalp int morning spike, or hold for a swing trade

[09:28] {Threei} yeah dino

[09:28] {Threei} imagine holding shrt overnight

[09:28] {Threei} short

[09:29] {Threei} especially after this:

[09:29] {Threei} Yesterday 16:05 SY Hearing Cowen making cautious comments; does not see SY/SAP merger as synergistic

[09:29] {Threei} in 10 min:

[09:29] {Threei} Yesterday 16:15 SY Continues to move higher in aftermarket following WSJ report that SAP deal announcement could come as soon as today

[09:29] {Threei} and in 45:

[09:29] {RonS} ...sounds like they want an orcl bid...

[09:29] {Threei} Yesterday 17:00 SY Follow up: SAP to pay $65/shr for SY in merger - WSJ citing sources

[09:31] {ese} GM

[09:31] {Threei} ese :)

[09:31] {nemo} ford

[09:31] {jfjf64} mornin

[09:31] {Threei} jf :)

[09:33] {Threei} LVS

[09:33] {Threei} watching for bounce setup

[09:34] {Threei} not ready yet

[09:35] {Threei} F CEO: 2011 expected to have higher profits than 2010 - annual meeting commetns (12.78, +0.10, 0.79%)

[09:37] {Les} crap almost shorted aig

[09:38] {Threei} OK, let's see if we get double bottom LVS

[09:39] {Threei} .85 break long

[09:39] {Threei} if holding above .75

[09:41] {Threei} not a scalp fior me, if works can do much better than 10 cents

[09:42] {Threei} 1:1

[09:42] {Threei} half out and stop to under .80

[09:43] {Threei} scalpers are scalpers

[09:43] {Threei} unless they are scalopers

[09:43] {Les} yeh i'll take scalp ty

[09:43] {Les} let's see how market develops

[09:43] {Threei} sure thing

[09:44] {Threei} someone should replace fern as scalpers extraordinare

[09:44] {Threei} 1/4 more out

[09:44] {Threei} 1:2

[09:44] {shorty} Took .20..ty Threei

[09:44] {jfjf64} nice

[09:44] {Threei} but when he is back he will fight you for the title

[09:44] {Threei} welcome shorty

[09:45] {Threei} and jf... don't call me nice... I am anything but

[09:45] {shorty} fernp on vacation?

[09:45] {Les} I have no problem following in his footsteps. guaranteed $ maker fern is

[09:45] {Threei} health issues shorty, will take a few month to recover

[09:45] {Threei} out in full

[09:45] {magoo} morning

[09:45] {Threei} mags :(

[09:45] {Les} someone slap him with a roll of cash

[09:46] {shorty} If you talk to him, tell him shorty says hi.

[09:46] {Threei} I will do no such thing

[09:46] {ese} L dvax..00

[09:46] {Threei} last thing I want is more people thinking I am nice

[09:46] {shorty} lol

[09:46] {Threei} one jf is enough

[09:47] {jfjf64} lol

[09:47] {Threei} aww, still exited LVS too soon

[09:47] {dino} sm l flr .50

[09:47] {Threei} frikin 40 cents

[09:48] {dino} idsa sm l .13 thin gappy

06[09:48] * Threei slaps magoo around a bit with a large roll of missed cash

[09:49] {Threei} let's keep an eye on WFC

[09:49] {Threei} it traded somewhat meekly so far,

[09:49] {Threei} but if consolidates here and breaks .50, looks promising

[09:50] {Threei} LVS, don't do this to me

[09:50] {Threei} come back to eartjh

[09:50] {Threei} I have enough regrets in my life as it is

[09:50] {Les} don't I feel bad for scalping it

[09:50] {Threei} oh good, someone feels worse thatn I do

[09:50] {Threei} thank you les

[09:51] {Threei} my morning just became brighter

[09:51] {Les} your punching bag anytime :/

[09:51] {Threei} profited, slapped magool and found someone more miserable

[09:51] {nemo} aig coming into bounce?

[09:51] {Threei} shapes up as a great morning

[09:51] {Les} wfc?

[09:52] {Threei} nemo, I decided to stay away from AIG today, sorry

[09:52] {nemo} ?

[09:52] {dino} apol sm l .74

[09:52] {Threei} it's just too treacherous

[09:52] {Threei} probably ready Les

[09:52] {Threei} WFC I mean

[09:52] {Threei} watch market for guidance,

[09:53] {Threei} hopefully we get market spike/WFC pause

[09:53] {Les} vvus hod break?

[09:53] {Threei} beter yet, FAS

[09:53] {Threei} probably better guide for WFC

[09:53] {shorty} You watch the dj Threei for WFC?

[09:53] {Threei} SPY shorty

[09:53] {shorty} ty

[09:54] {Threei} VVUS... I think .50 - .55 zone,

[09:54] {Threei} but with strong market only

[09:54] {nemo} where stop on apol dino

[09:54] {Threei} VVUS looks like steady climb candidate but it won't go against market

[09:54] {Threei} here comes class warfare:

[09:54] {Threei} SP) Spain's CCOO union: austerity measures will damage growth and increase unemployment

[09:54] {Threei} - union suggests selective tax increases as an alternative

[09:55] {Threei} don't cut anything, just tax rich bastards

[09:56] {Threei} RINO Hearing Rodman and Renshaw making positive comments, reiterates $40 PT

[09:56] {dino} bingo

[09:56] {magoo} news GS vad or normal?

[09:56] {Les} s wfc .45

[09:56] {jfjf64} nflx

[09:57] {jfjf64} wow

[09:57] {Threei} nothing fvresh mags

[10:00] {shorty} See you guys in an hour

[10:00] {Threei} we will be here

[10:00] {Threei} WFC held well

[10:00] {dino} apol stopped-.26

[10:01] {Threei} decent market bounce should catapult it

[10:01] {Les} I hate it when you say things like that

[10:02] {Threei} hmm?

[10:02] {Threei} then you must hate me 99% of the time

[10:02] {dptl} in wfc

[10:02] {magoo} GOD DAMMIT this mIRC

[10:02] {Threei} I say things like this quite often, lol

[10:02] {jfjf64} x bounce 3i

[10:03] {Threei} need pullback to about .50, j for entry jf

[10:04] {Threei} desirably, brief dive under .50 and recross for buy

[10:04] {jfjf64} ty 3i

[10:04] {Threei} WFC 1:1 is coming

[10:04] {Threei} make up your mind

[10:04] {Threei} scalp of half

[10:04] {Threei} I have no indication

[10:05] {Threei} so personal decision

[10:05] {Threei} unlike LVS where I was very confident of bigger potential

[10:05] {dino} china hot today, cagc, pwrd, rino, snda

[10:06] {Threei} out with my scalp

[10:06] {dino} out flr -.31

[10:07] {Threei} strider, you here?

[10:08] {magoo} im looking for .80- area wfc

[10:08] {Threei} who partialed WFC, congratulations

[10:08] {Threei} 1:2

[10:09] {dptl} ty wfc Vad +.10

[10:09] {Threei} welcome

[10:09] {Threei} now les, fess up... why oh why do you hate me

[10:09] {Les} 15:56 Les s wfc .45

[10:09] {Threei} oh... I missed that

[10:09] {Les} 16:00 Threei WFC held well

[10:10] {Threei} so what, covered for 6 cents and reversed

[10:10] {Les} y

[10:10] {Threei} and made out like bandit on a long side

[10:10] {Les} no

[10:11] {Les} should have held out for full 10 cents

[10:11] {Threei} like half-bandit?

[10:11] {Les} one armed bandit yeh

[10:11] {Threei} lol

[10:11] {Les} sometimes you eat the money sometimes you pay it out

[10:11] {Threei} and sometimes it rains?

[10:12] {Les} indeed

[10:12] {Les} aig .75 break?

[10:12] {Les} or you not playing?

[10:13] {Threei} no, not today

[10:13] {Threei} I want to distance myself from AIG for a day or two

[10:13] {Threei} and reevaluate my view on how it moves

[10:13] {dino} nflx wow

[10:13] {magoo} nflx nuts

[10:14] {Threei} NFLX today looks like one of those that will invoke quite a few wows before the day is over

[10:14] {Threei} HGSI Hearing takeover chatter circulating

[10:14] {Threei} - Glaxosmithkline rumored as a potential acquirer (26.98, +0.74, 2.82%) (related GSK )

[10:15] {jfjf64} cenx .06 break

[10:16] {dino} amed afam

[10:16] {Threei} looks right jf, jusr very slow

[10:16] {Les} took nflx for a scalp .50

[10:17] {ese} out dvax.00 even.....this was goin nowhere fast

[10:17] {Threei} something's worng with it ese

[10:17] {RonS} dino, U.S. lawmakers investigating home healthcare cos 05/13 08:14 AM

[10:17] {Les} now that made out like a bandit for just 200 shares

[10:17] {ese} ya i think so vad

[10:17] {Les} took it on a .75 pullback

[10:18] {magoo} thinking .83 WFC

[10:18] {magoo} .87

[10:18] {magoo} .91

[10:18] {Les} you still holding wfc mags?

[10:18] {magoo} yup

[10:18] {Les} lol damn

[10:19] {Threei} BIDU, interesting selling

[10:19] {Threei} should be a bouncer 15-20 cents lower

[10:19] {jfjf64} cenx

[10:20] {Threei} watch BIDU for bounce setup

[10:20] {jfjf64} ya ya

[10:20] {magoo} out .79 WFC triple

[10:20] {Threei} wtg

[10:21] {Les} took bidu for +.10 ty sir

[10:21] {Threei} sure

[10:21] {Threei} whew

[10:21] {Threei} .85 - .15

[10:21] {ese} nice one mags....just checked thqt out

[10:22] {Threei} diapers change

[10:23] {Threei} new wave of selling should take it under .50

[10:24] {Threei} ok... no entry then

[10:24] {Les} wfc doesn't look like stopping

[10:24] {dino} i am confused today

[10:24] {Threei} today? you are lucky

[10:25] {Threei} feel more and more confused by day oer last, umm, 20 years

[10:25] {Les} alzheimers

[10:25] {dino} my regulars are all pretty much up, but markets are not, except ndx. sort of backwards

[10:26] {magoo} ese, .48 to .79 3k

[10:26] {Threei} wow BIDU

[10:26] {magoo} like that type best anymore, F aapl

[10:26] {dino} 800

[10:26] {Threei} not ready for bounce yet

[10:27] {nemo} bounced at pivot support

[10:27] {magoo} im kinda evolviong into bigger shares, less move

[10:28] {nemo} becoming one with ese

[10:28] {magoo} i guress SY one day wonder vad, limited range today

[10:28] {nemo} the price is in

[10:28] {Threei} buyout mags

[10:28] {Threei} it was true

[10:29] {magoo} oh, whats price ?64?

[10:29] {Threei} confirmed after hours

[10:29] {magoo} oh, i left early daughter sick

[10:29] {Threei} 65

[10:29] {magoo} shes here today, only 7

[10:29] {Threei} we will behave

[10:30] {Threei} UNG

[10:30] {Threei} EIA NATURAL GAS INVENTORIES: +94 BCF VS. +100 +105 BCF ESTIMATE RANGE

[10:30] {Threei} - 8th straight weekly build in natural gas inventories

[10:31] {dino} sm l .95

[10:31] {nemo} what stock dino?

[10:31] {dino} vit

[10:31] {ese} Lnvda .09 aggressive entry looking for .10 break

[10:32] {ese} gettin mrkt help ....thats good

[10:32] {Les} watching from sidelines now. bidu has made my day

[10:32] {Threei} BIDU is almost ready

[10:32] {Les} ok. maybe one more time

[10:33] {dino} all green

[10:33] {Threei} SOMX Hearing Harry Boxer makes positive comments

[10:33] {dino} he should shave

[10:33] {Threei} lol

[10:33] {ese} les what was your move with bidu.......missed your call

[10:34] {magoo} dont see much positive coming out of harry boxeers

[10:34] {Threei} ese totally ignores me today

[10:34] {nemo} ha! BIDU broke out of an Inverse H&S just like it did yesterday morning

[10:34] {Threei} LVS, WFC, BIDU

[10:34] {dino} i don't blame him

[10:35] {ese} sorry vad what did i miss

[10:35] {Les} can't call it ese. I short on the bounce. long on the pullback .5 cent stops

[10:35] {Threei} yeah dino, now tnhat I think about it...

[10:35] {ese} ahhhhhhhhhh appologies

[10:35] {ese} out nvda .15

[10:35] {ese} +.06

[10:36] {ese} ouuuuuuuu 2 seconds more and???????

[10:36] {RonS} ese, nvda reports ah

[10:36] {dino} elx l .65

[10:36] {ese} ya today after mrkt close i believe shorty

[10:37] {ese} if i read the mrkt for nvda....they like whats coming

[10:48] {nemo} .

[10:49] {magoo} 714 was the split, so 71 dollar was bidu lel , and that = 714 which is nuts

[10:50] {magoo} so, it could see 71 (not saying it will)

[10:50] {Les} another +.54 on bidu. not risking anymore. c u's tomorrow

[10:51] {Les} I've got some reading for studies to do

[10:51] {dino} goog goes back to china bidu could see 50

[10:51] {dino} cya les

[10:51] {Les} I love the idea of clearing $350 in 1 1/2 hrs

[10:51] {Les} screw work

[10:52] {magoo} right, my point dino, x 10=500, totally possible

[10:52] {Threei} take care Les, good job

[10:52] {jfjf64} this is work no vad

[10:52] {ese} yup....that'll keep yo in switzerland for sure les

[10:56] {ese} be back in 30.....taking the kids to school

[11:00] {nemo} AWIAV?

[11:00] {magoo} [11:01] {nemo} AWIAV?

[11:01] {Threei} no

[11:01] {magoo} have to consider today could be THE day to ROT

[11:01] {Threei} yes but

[11:01] {Threei} BIDU

[11:01] {Threei} 71 break seems workable

[11:01] {magoo} 71?

[11:01] {Threei} 79

[11:02] {magoo} CRAP..8 ponts in a sec

[11:02] {nemo} half lot

[11:02] {nemo} ?

[11:02] {magoo} joke

[11:02] {Threei} invalidated

[11:02] {nemo} db bounce maybe

[11:03] {magoo} im wondering if its the days greatest short and may hit 71 today, seriously

[11:03] {Threei} RIG Affiliates File Limitation Of Liability Petition

[11:04] {strider} CVGI thin

[11:08] {Threei} strider... look dcc pls

[11:09] {nemo} quote server please

[11:09] {nemo} bidu just broke yesterday

[11:09] {Threei} 17

[11:09] {nemo} close

[11:09] {dptl} 3

[11:17] {RonS} .

[11:18] {nemo} bidu breaking trend line

[11:18] {dino} flr sm l .35

[11:21] {dino} cyd sm l .70

[11:29] {Threei} BIDU

[11:29] {Threei} seems riping for bounce

[11:31] {nemo} not yet

[11:31] {Threei} one more leg down

[11:31] {jfjf64} good day all got to run

[11:32] {Threei} take care jf

[11:32] {dino} cya

[11:32] {nemo} lotta' volume on this leg down bidu

[11:32] {jfjf64} going to cavs gm tonight

[11:32] {nemo} I'm a celts fan :)

[11:32] {magoo} shorted .00, cov .45

[11:32] {magoo} bidu

[11:33] {jfjf64} nice nemo

[11:33] {nemo} 20 miles from boston

[11:33] {jfjf64} im a ticket broker

[11:33] {nemo} nice

[11:33] {jfjf64} need cavs to win tonight need game 7

[11:34] {jfjf64} $$$$$$$$$$$$$$$$$$$

[11:34] {nemo} I don't

[11:34] {magoo} where long vad? near .11

[11:34] {jfjf64} lol

[11:34] {Threei} no idea, can't tell in advance

[11:44] {nemo} maybe inverse H&S on Bidu?

[11:45] {Threei} probably... too jumoy to tell

[11:45] {Threei} jumpy

[11:46] {Threei} was a bit more manageable yesterday

[11:46] {nemo} well, right now, looks like that's what it's building

[11:46] {Threei} yes

[11:46] {Threei} ETFC Shareholders approve board proposal for 1-for-10 reverse stock split

[11:48] {Threei} US) EPA finalizes greenhouse gas emission rules, new regulations cover plants emitting +100K tons of Co2 per year

[11:49] {_stewy} 3i, thx. must go. see you in the a.m.

[11:49] {Threei} take care stewy

[11:50] {nemo} fas

[11:50] {nemo} sorry

[11:50] {nemo} wow nflx up big again today

[11:53] {strider} dino, you still in CYD?

[11:56] {dptl} jwn short?

[11:56] {dino} y

[11:56] {dino} watching vit for re-test lod, was stopped earlier

[11:56] {Threei} hard to tell dp... thin...

[11:57] {dino} amed, afam, hmmmm

[11:57] {dino} amed 51.75 maybe sm l

[11:57] {dptl} ty

[12:12] {dptl} tie short?

[12:13] {dptl} .70?

[12:13] {Threei} nah

[12:14] {dptl} tell why you don't like it..... please?

[12:17] {Threei} too narrow and slow, and the way market goes,

[12:17] {Threei} there is a good chance that market reverses before it gives you your profit

[12:18] {dptl} ok ty

[12:19] {dino} apol lod

[12:20] {dino} vit sm l .26

[12:23] {dino} apol .08 sm l

[12:32] {Threei} US) Administration Advisor Volcker: Argument can be made for a 'stiff' carbon tax; must start to discuss topic of higher taxes in the US

[12:32] {Threei} - says US recovery going better than anticipated, could continue if there are no external shocks

[12:33] {Threei} can you believe this?

[12:33] {dino} out of touch

[12:33] {Threei} argment can be made they all are morons

[12:33] {Threei} and I will win this argument

[12:33] {dino} why can govt never cut spending?

[12:34] {dino} argument can be made my way too

[12:36] {dino} amed sm l .91 risky

[12:43] {dino} bac a c also made $ every day trading last quarter

[12:44] {dino} lft spike

[12:45] {Threei} LVS

[12:51] {Threei} where is New Year at this time?

[12:51] {dino} sm s lft .25

[12:52] {Threei} 'cause I got e-mail offering me another 5 million dollars starting with:

[12:52] {Threei} Dearest in Christ.

[12:52] {Threei} May this New Year be a song of thanksgiving, an offering of praise, a celebration of God's love in his amazing grace, a joyous New Year to you and your family, Happy New Year.

[12:52] {Threei}

[12:53] {Threei} okay...

[12:53] {dino} a bit late for new year

[12:53] {nemo} Dearest in Anti-Christ maybe...

[12:54] {dino} whatever, just take the money

[12:54] {dino} lft stopped -.26

[12:54] {Threei} I can't help but wonder... these guys just can't be that removed from rfeal life to think thnat USA is in any kind of shape for higher taxes... can they?

[13:00] {dino} i think you miss the point 3i. they don't care. they just want votes from average guy, who belives all of this crap. it is that simple

[13:00] {Threei} no, I understand...

[13:00] {Threei} I guess I just don't want to believe it

[13:00] {dino} if they really cared about the country they would cut spending.

[13:00] {nemo} spending=votes

[13:01] {dino} believe it and set yourself free

[13:01] {Threei} see, I already have seen it all

[13:01] {Threei} country run into the ground by people who just didn't care about anything but the nearest career step

[13:01] {Threei} nobosy cared about anything

[13:02] {Threei} I know how it ends

[13:02] {dino} why do you think they have been dumbing down the testing in schools since 1990s? dumb down the people who eventually vote, they believe everything they read and hear. i tell my kids to question everything.

[13:03] {Threei} it just painful to realize that the best country in the world follows those same steps

[13:03] {magoo} MCO

[13:03] {magoo} MCO

[13:03] {dino} its all about power

[13:03] {dino} greed

[13:03] {dino} and of course the politics of envy

[13:03] {nemo} wow, what's with mco

[13:03] {Threei} US) Senator Franken (D-MN) amendment to create a new credit rating system close to passage; vote ongoing

[13:03] {Threei} - amendment also calls for increased regulation of credit rating agencies

[13:03] {Threei} - final vote 64-35

[13:03] {Threei} Related (MHP MCO FIM.FR )

[13:04] {dino} welfare has doomed generation after generation to poverty for most that take it

[13:05] {dino} obamination won the cities not the states

[13:06] {Threei} (US) Fed's Bernanke: Have concerns about Congress's proposals that force spin off of swaps desks from banks

[13:12] {Threei} what do you know... Harry Boxer actually called profitable trade

[13:12] {Threei} SOMX

[13:12] {Threei} too bad we haven't trusted him

[13:13] {Threei} BP Spokesperson: The smaller containment structure will not be in place until next week

[13:13] {dino} lft rinsed

[13:14] {Threei} Deutsche Bank AG CEO: Euro Zone rescue package helps stabilize Spain and Italy, warns Portugal is a different issue

[13:14] {Threei} - Notes that there is some doubt that Greece can repay debt over a period of time; Italy, Spain are strong enough to service their debt.

[13:14] {Threei} - Comments that there is no risk of inflation in the Euro Zone over the next 2-3 years.

[13:14] {Threei} - Portugal will have more trouble servicing its debt than Spain or Italy.

[13:14] {dino} out vit .86, +.70

[13:14] {dino} opps, +.60

[13:14] {strider} had me scratcvhing my head, there dino.

[13:14] {dino} lol

[13:14] {strider} that's scratching in yiddish.

[13:15] {dino} my mind is tired, keep looking at wrong stocks

[13:15] {strider} you still in amed?

[13:15] {dino} y

[13:16] {strider} CYD sure is disappointing.

[13:16] {dino} stop is .54

[13:16] {Threei} crap

[13:17] {dino} understatement

[13:17] {Threei} had a feeling LVS was getting ready for a move,

[13:17] {Threei} but pullback was a bit too deep

[13:17] {Threei} so I dismissed it

[13:19] {strider} APOL looks like a move coming

[13:21] {dino} in at .08

[13:27] {Threei} wow

[13:28] {Threei} I thought I heard all the nonsense there is for the day

[13:28] {Threei} but this takes a prize:

[13:28] {Threei} ECB's Quaden: the Euro saved the EU from experiencing a currency crisis

[13:28] {nemo} in the short term

[13:29] {RonS} ...circular thinking or circle jerk...

[13:29] {nemo} with 60 grit

[13:30] {Threei} must be nice to have this total disconnection of tongue from brain

[13:30] {Threei} GERN Announces Positive Study Data on GRNCM1 (5.76, +0.03, 0.52%)

[13:30] {strider} We talking about les?

[13:30] {Threei} oh come on, he is not here

[13:31] {strider} oh. OK. Didn't realize. That's not fair.

[13:31] {strider} I retract my statement.

[13:31] {strider} Are wwe talking about (fill in your favorite politician here)?

[13:31] {Threei} reported positive preclinical study data showing that GRNCM1, Gerons cardiomyocyte product derived from human embryonic stem cells (hESCs), does not cause cardiac arrhythmias after transplantation into a model of chronic heart damage designed to test this potential safety concern. GRNCM1 is being developed for the treatment of heart failuure

[13:33] {shorty} Are we in anything?

[13:33] {nemo} NO

[13:33] {strider} I"ve got 1 of everything.

[13:33] {dino} y

[13:33] {nemo} Oh yeah...dino

[13:34] {shorty} I could have guessed that dino was.

[13:35] {dino} amed

[13:35] {Threei} AMED Issues statement; will cooperate wiht Senate inquiry

[13:35] {Threei} The letter of inquiry received from Senators Grassley and Baucus references an article published recently in The Wall Street Journal. The article told an incomplete story about the value of home health to patients, their families, and the overall healthcare system.

[13:35] {Threei} - CEO: "We will cooperate with the Committees inquiry. We also look forward to discussing with the Senators the many benefits and advantages home health care provides for the millions of Americans our industry serves"

[13:35] {dino} lol

[13:37] {Threei} ECB's Quaden: Inflation is gone, and will allow period of low interest rates

[13:38] {Threei} inflation be gone... deflation be embraced

[13:39] {dino} these politicians are idiots

[13:40] {Threei} well... yeah

[13:40] {Threei} lol

[13:40] {Threei} but this situation goes well with theor ideology

[13:40] {Threei} I mean, zero or close to it rates

[13:40] {Threei} who does it work for, rich guy or their beloved have-not class?

[13:41] {dino} just wait until they suggest to outlaw market and bond and currency drops

[13:41] {Threei} widely hated rich guy has no return on his money in money market

[13:41] {Threei} and doesn't benefit from cheaop loans since he doesn't borrow

[13:42] {dino} it works for the banks only 3i, they borrow at zero and loan at 4 or 5%

[13:42] {Threei} poor bum on the other hand gets almost free loans, and has no money to earn interest on

[13:42] {nemo} bidu touched uptrend line

[13:43] {dino} or as they do in us, borrow at zero and then buy govt bonds/notes, no risk spread

[13:43] {Threei} nice racket

[13:43] {Threei} unless givt plans to default on those

[13:44] {dino} defaults are soon to be outlawed as you see in euro

[13:44] {Threei} well, socialistic govt in US may do it just put of spite

[13:44] {dino} out amed +.03 bad entry

[13:45] {Threei} "we owe you? nope... we don't.'

[13:45] {dino} next, you cannot fire or layoff workers, mr reardon

[13:50] {Threei} MCO shrugged it all off after all

[13:50] {Threei} US) Fed's Fisher: Observing some stronger growth prospects in the US economy

[13:50] {Threei} wow...

[13:50] {Threei} what a great visionary

[13:51] {nemo} Fischer's gone over to the dark side

[13:51] {Threei} or off the deep end

[13:54] {strider} BIDU

[13:59] {Threei} (US) Fed's Kocherlakota: There is no need at the moment to extend swap lines to China

[13:59] {Threei} no?

[13:59] {Threei} strange

[14:00] {Threei} GERN almost all the wat back

[14:03] {dino} should've held onto vit

[14:03] {dino} gut says we go up

[14:04] {strider} CVGI near 2 year high

[14:04] {dino} cf sm l .20

[14:05] {Threei} strider, look PM please

[14:14] {Threei} The Goldman Sachs Group Inc Goldman's Abby Joseph Cohen: Our client businesses remain quite robust - CNBC

[14:14] {Threei} - sees S&P 500 at 1250, all things considered from fundamental perspective

[14:14] {nemo} I'm surprised somebody hasn't shot her yet

[14:14] {Threei} lol, why

[14:15] {Threei} I don't follow her much

[14:15] {nemo} I can't stand listening to her

[14:15] {RonS} ajc...perma-bull...

[14:23] {RonS} 3i, short bidu 76 break?

[14:23] {nemo} 76 or .76

[14:23] {Threei} I don't have a grip on it today

[14:23] {magoo} i wouldnt

[14:23] {Threei} and, 76??

[14:23] {Threei} it's 90 cents from there

[14:24] {RonS} ...just preparing...i am slow like politician...

[14:24] {Threei} lol

[14:24] {Threei} but, how to tell in dvance not knowwing how it gets there

[14:25] {Threei} envision sharp drop from here

[14:25] {Threei} 80 cents in one long red bar

[14:25] {Threei} will you short it at 76?

[14:25] {dino} cf stopped -.27

[14:25] {RonS} oh ya, keep forgetting that lecture

[14:25] {Threei} :)

[14:25] {Threei} folks, just in case you forgot

[14:25] {Threei} or didn't know:

[14:25] {Threei} US) President Obama: US economy is headed in the right direction

[14:26] {strider} Well, at least we know what APOL should cost.

[14:26] {strider} That's one less thing.

[14:26] {dino} ?

[14:27] {strider} Just looking at the chart for last 30 minutes.

[14:27] {Threei} NFLX Hearing UBS downgrades to Sell from Neutral

[14:27] {strider} Seem to have reached a consensus.

[14:27] {Threei} hmmm

[14:27] {Threei} this is rare case

[14:27] {Threei} usually they only upgrade at the highs

[14:28] {RonS} ...maybe they called Les.

[14:28] {RonS} dino, you still in elx...the offers have been relentless

[14:29] {dptl} mco short?

[14:29] {Threei} well... market is dropping...

[14:29] {Threei} maybe just as a following

[14:30] {Threei} by itself, it's not really a short

[14:30] {dptl} hmm...ok ty......

[14:32] {Threei} say what?

[14:32] {Threei} president just said we gain jobs 4 months in a row

[14:33] {Threei} what did I miss?

[14:33] {strider} NFLX

[14:33] {RonS} ...did he say that in Buffalo?...teaching the world what buffaloed means...

[14:34] {Threei} yes

[14:34] {Threei} speaks right now

[14:34] {Threei} I saw a slowdown of job losses

[14:34] {Threei} I haven';t seen gain

[14:34] {Threei} unless I misunderstood something

[14:35] {dino} you are correct

[14:35] {Threei} BP Senate reportedly blocks bill aimed at removing oil spill liability limits

[14:35] {dino} lies, lies, and more lies

[14:35] {RonS} i just hope he saw this: http://www.breitbart.tv/buffalo-billboard-to-obama-i-need-a-freakin-job/

[14:35] {Threei} -BP spiked

[14:36] {dino} same as gm saying they paid govt back

[14:36] {Threei} sigh

[14:36] {RonS} Effort to Raise Oil-Spill Damages Limit Blocked in Senate 05/13 12:34 PM

[14:37] {Threei} I'd expect BP to do more on this

[14:37] {RonS} sorry 3i...did not see your post...

[14:37] {Threei} this seems to be abig frikin deal

[14:41] {Threei} no worry Ron, good to have insurance

[14:42] {Threei} US) Senators from states of California, Oregon and Washington introduced legislation to ban oil drilling off the West Coast - Businessweek

[14:43] {nemo} all six of them

[14:43] {Threei} - The measure would amend the Outer Continental Shelf Lands Act to impose a permanent ban on drilling off the three states.

[14:43] {Threei} letter in the local paper, I just have to share it with you

[14:43] {Threei} a gal writes:

[14:44] {Threei} I don't get it, why do we continue drilling, and using oil at all,

[14:44] {Threei} are we blind, or idiots?

[14:44] {Threei} What could be simpler:

[14:44] {Threei} use solar, wind, tode, don't buy cars, use bikes, walk and take bus.

[14:45] {Threei} That's it, problems solved.

[14:45] {Threei} I am so ful of envy... her world must be beautiful

[14:45] {Threei} everything is so simple

[14:46] {shorty} Have you seen the wind turbine in Toronto when it's 40 C, and the demand for energy is up?

[14:47] {Threei} it tries to fly away?

[14:47] {shorty} Yes it does, but it needs wind to do that.

[14:48] {Threei} so, it buys a jet, attaches it, buys gasoline... and flies

[14:48] {shorty} lol

[14:48] {Threei} but seriously... life is great for that gal

[14:48] {Threei} reminds me a soviet joke...

[14:49] {Threei} professor takes exam, course is called scientific communism (real thing btw)

[14:49] {nemo} Soviet theology class

[14:49] {Threei} yes

[14:49] {Threei} student answers a few questions, with "I have no idea"

[14:49] {nemo} Heard all about it

[14:50] {Threei} questions go more and more basic,

[14:50] {Threei} finally come to:

[14:50] {Threei} what is socialism? capitalism? communism?

[14:50] {Threei} guy answers all of them with I have no idea

[14:50] {Threei} professor asks "young man, where areyou from'?

[14:50] {Threei} student says Uryupinsk

[14:51] {Threei} professor, crying bitterly: I want to live in Uryupinsk...

[14:52] {Threei} sigh... whatever

[14:52] {Threei} I hate you all

[14:52] {nemo} Oh, I get it

[14:52] {Threei} too late

[14:52] {Threei} I am cryting bitterly

[14:52] {RonS} now, THAT is funny...

[14:52] {nemo} Look....

[14:52] {Threei} and want to live i Uryupinsk

[14:52] {nemo} it doesn't translate so easily, you have to think about it

[14:52] {nemo} plus you don't see a face in the delivery

[14:53] {Threei} oh come on... it's my face

[14:53] {nemo} nevermind

[14:53] {Threei} why would you ever want to seee it

[14:53] {nemo} facial expression in the delivery

[14:53] {Threei} Nakabayashi Co to purchase day planner from the Japan unit of FC - price estimated at 500M

[14:54] {Threei} sh*t... it must be great day planner

[14:54] {Threei} oh... day planner business

[14:54] {RonS} ...i would plan for $400 mil

[14:54] {Threei} no kidding

[14:54] {shorty} crap! It's too late to get my money back from this course. I totally forgot.

[14:54] {nemo} ?

[14:54] {Threei} as if it was ever a good time

[14:56] {shorty} dino..CLF?

[14:56] {dino} out idsa .42, +.29

[14:56] {strider} Gotta run some errands, guys. See you in the morning.

[14:56] {Threei} lol... dino, don't tell him

[14:56] {shorty} lol

[14:56] {Threei} take care strider

[14:56] {strider} :)

[14:56] {Threei} BIDU

[14:57] {Threei} maybe soon

[14:57] {Threei} speaking of that short Ron

[14:57] {dino} clf depends on s/p dji imo

[14:57] {RonS} yep

[14:57] {shorty} I should know that by now dino...thanks

[14:57] {Threei} some consolidation, then bvreak with market's help

[14:58] {Threei} but keep it very reasonable size wise

[14:58] {Threei} volatility is horrific

[14:58] {Threei} well, not as bad is before split of course

[14:58] {dino} like here, .00 w/stop at lod perhaps

[14:58] {Threei} is = as

[14:58] {dino} not in

[15:00] {nemo} I gotta' head out too....cu morow

[15:00] {Threei} take care nemo

[15:00] {shorty} bye

[15:00] {Threei} BIDU looks very...

[15:00] {Threei} ominous

[15:01] {Threei} backed off from a brink

[15:02] {shorty} out + .14 CLF thanks dino for the help.

[15:04] {dino} gj

[15:11] {Threei} clarification:

[15:11] {Threei} British Petroleum plc Senate Republicans block Democratic effort to lift cap on liabilities owed for economic damages stemming from oil spills

[15:11] {Threei} - Senate Democrats, led by Senator Menendez (D-NJ), sought to raise the cap on economic damage claims agains oil companies for spills to $10B from the present level of $75M.

[15:11] {Threei} - The measure was blocked by Republicans on the basis that it would force smaller companies out of the offshore oil drilling market.

[15:12] {dino} not to mention retro-active law changes should be illegal

[15:12] {Threei} heh

[15:13] {shorty} Have a great day everyone. Thanks Threei.

[15:13] {Threei} take care shorty

[15:13] {dino} cya shorty

[15:13] {shorty} cya dino

[15:13] {Threei} not with this administration dino... remember AIG bonuses?

[15:14] {dino} it's just not right

[15:14] {dino} pretty good drop

[15:17] {Threei} SOMX is holding pretty well

[15:17] {dino} ndx gap from tues. 1940

[15:19] {Threei} US) Amendment to Senate financial reform bill that would require bankruptcy for troubled non-bank financial institutions will not likely pass; vote is ongoing

[15:19] {Threei} - Amendment proposed by Senator Sessions (R-AL)

[15:19] {Threei} - final vote 58-42

[15:22] {dino} clf sm l .50

[15:25] {Threei} Ron, you shorted BIDU?

[15:26] {RonS} did not...

[15:26] {Threei} aww

[15:26] {Threei} it nicely consolidated and broke

[15:26] {RonS} ...lesson for the future

[15:27] {Threei} anyway, see from the chart what I mean?

[15:27] {RonS} yes

[15:27] {Threei} :)

[15:31] {dino} cf sm l .50

[15:33] {dino} bwld l .00

[15:36] {Threei} GR) Reportedly explosion heard outside of main prison in Athens

[15:37] {dino} clf stopped

[15:38] {Threei} BIDU is cratering today

[15:39] {dino} cf stopped

[15:39] {dino} bwld stopped

[15:40] {RonS} :/

[15:41] {dino} not a good way to end day

[15:42] {Threei} USD moves to session highs against the CAD, EUR, GBP, and CHF

[15:43] {RonS} :) go $/CAD!

[15:43] {dino} ndx gap 1940 filled

[15:44] {dino} fdx l .00

[15:44] {dptl} have a good evening all

[15:44] {dino} cya

[15:44] {RonS} cya dp

[15:45] {dino} out fdx .26

[15:46] {dino} +.26

[15:46] {dino} well made up for the 3 misses

[15:46] {dino} w/that calling it a day, baseball tonight

[15:47] {RonS} cya dino

[15:50] {Threei} take care dp

[15:53] {Threei} yawn

[15:59] {magoo} nite all

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening, see youi tomorrow

May 12 2010

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

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

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

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

[08:26] {Threei} nice start

[08:27] {strider} yeah.

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

[08:30] {strider} time to party

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

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

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

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

[08:42] {Threei} hi Ron

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

[08:43] {Threei} hmm

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

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

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

[08:44] {Threei} but then:

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

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

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

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

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

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

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

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

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

[08:46] {Threei} this is fun

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

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

[08:48] {strider} animal control officer

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

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

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

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

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

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

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

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

[08:51] {dptl} good morning

[08:51] {Threei} dp :)

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

[08:52] {Threei} hmm?

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

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

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

[08:58] {Threei} you made it

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

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

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

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

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

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

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

[09:05] {nemo} wow

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

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

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

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

[09:08] {strider} tried mibbitt?

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

[09:09] {Les} morning

[09:09] {Threei} les :)

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

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

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

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

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

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

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

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

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

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

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

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

[09:11] {Threei} quiet morning

[09:12] {RonS} hban?

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

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

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

[09:14] {nemo} hehehehe

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

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

[09:15] {Threei} many

[09:15] {Les} keep him sweating

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

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

[09:16] {dptl} erts?

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

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

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

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

[09:17] {Les} erts

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

[09:18] {Threei} crappy guidance

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

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

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

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

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

[09:19] {Threei} dcc strider

[09:19] {shorty} good morning

[09:20] {Threei} shorty :)

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

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

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

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

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

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

[09:22] {Threei} SQNM

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

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

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

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

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

[09:27] {Les} RIG rocket

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

[09:27] {Threei} ty

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

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

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

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

[09:29] {Les} .25 break

[09:29] {Les} ah ok

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

[09:29] {Threei} weirdo

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

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

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

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

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

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

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

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

[09:35] {Threei} stopped

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

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

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

[09:38] {nemo} too fast

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

[09:39] {strider} not m e

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

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

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

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

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

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

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

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

[09:42] {Threei} nice cover

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

[09:42] {shorty} Ty

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

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

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

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

[09:44] {KSystems} swiss?

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

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

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

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

[09:45] {Les} holey cheese

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

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

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

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

[09:47] {shorty} nice

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

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

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

[09:49] {Threei} oh

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

[09:51] {Threei} half out

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

[09:51] {shorty} wow thank you

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

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

[09:51] {Threei} wanted 44

[09:53] {dptl} tsn?

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

[09:54] {dptl} long .22

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

[09:55] {Threei} careful

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

[09:55] {Threei} looks very dangerous

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

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

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

[09:56] {Les} not like

[09:56] {Threei} correct

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

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

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

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

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

[09:59] {Threei} market spike helped

[10:00] {dptl} yep

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

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

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

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

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

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

[10:09] {Threei} AIG sharp drop

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

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

[10:10] {nemo} diaper material

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

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

[10:14] {Threei} see?

[10:15] {shorty} I see.

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

[10:15] {Threei} dog with fleas

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

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

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

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

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

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

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

[10:17] {strider} BP near lod

[10:19] {strider} short .47

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

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

[10:21] {strider} stop BP

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

[10:21] {strider} -.06

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

[10:25] {strider} DNDN broke down

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[10:31] {Threei} weekly numbers

[10:31] {Threei} they mean nothing

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

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

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

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

[10:39] {shorty} ty

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

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

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

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

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

[10:41] {Les} no such luck

[10:41] {dptl} cat?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[10:45] {ese} lol

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

[10:48] {Threei} mags!

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

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

[10:49] {Threei} wtg

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

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

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

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

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

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

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

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

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

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

[10:52] {Threei} it never triggered

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

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

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

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

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

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

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

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

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

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

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

[10:56] {dino} lol

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

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

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

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

[10:57] {Les} me sucky suck

[10:57] {Les} no fool

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

[10:57] {dptl} lol

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

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

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

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

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

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

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

[10:59] {Threei} BP dies

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

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

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

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

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

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

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

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

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

[11:01] {Threei} valid

[11:02] {Les} bp squeeze

[11:02] {Threei} hardly

[11:02] {Threei} just a bounce

[11:02] {Les} ok

[11:03] {Les} bloody nice bounce

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

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

[11:05] {dino} idsa

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

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

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

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

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

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

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

[11:11] {nemo} stopped .54

[11:12] {strider} stop .49

[11:12] {strider} ZION broke

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

[11:16] {dino} clf stopped

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

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

[11:24] {Threei} wow AIG

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

[11:25] {dino} decent drop

[11:25] {Threei} no go BP

[11:25] {Threei} weird day

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

[11:27] {Les} sensed down day

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

[11:28] {Les} shrug

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

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

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

[11:31] {Threei} aimless wandering day

[11:31] {Threei} random

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

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

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

[11:37] {Threei} random mess everywhere

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

[11:38] {dino} chicken trading

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

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

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

[11:39] {Threei} lol

[11:39] {dino} syut

[11:39] {RonS} Kermit the Frog

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

[11:42] {Les} hi jf

[11:42] {magoo} profit i believre

[11:42] {Les} welcome to hell

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

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

[11:42] {Threei} but mostly fixed

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

[11:43] {dino} homb, givn

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

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

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

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

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

[11:45] {nemo} right

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

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

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

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

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

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

[11:48] {dino} .22 top

[11:48] {dino} stop

[11:48] {Threei} invalidated

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

[11:48] {nemo} was shortable earlier

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

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

[11:49] {shorty} You can?

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

[11:49] {Threei} yes

[11:49] {shorty} Awesome

[11:50] {Threei} no bounce

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

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

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

[11:56] {dino} tap tap

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

[11:57] {Threei} yikes

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

[11:57] {nemo} not my Spring

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

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

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

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

[11:59] {jfjf64} mornin

[12:00] {Threei} hi jf

[12:00] {jfjf64} locked me out

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

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

[12:00] {Threei} tech troubled morning

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

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

[12:02] {nemo} evil spirits

[12:02] {Threei} them too

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

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

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

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

[12:05] {Threei} lol

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

[12:08] {Threei} come on BIDU

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

[12:09] {dptl} pacr?

[12:10] {Threei} not sure

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

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

[12:10] {dptl} ty

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

[12:11] {dino} gj

[12:11] {Threei} cool beans

[12:11] {Threei} baby steps

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

[12:12] {dptl} hpq?

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

[12:12] {shorty} lol

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

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

[12:13] {Threei} just go already

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

[12:13] {Threei} under .50

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

[12:14] {dptl} uok ty

[12:16] {dptl} long hpq

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

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

[12:18] {Threei} half out

[12:18] {Threei} .67

[12:18] {Threei} scalpers get out

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

[12:18] {Threei} welcome sir

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

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

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

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

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

[12:23] {strider} trev, dcc

[12:26] {lasertrev} gothca

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

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

[12:26] {Threei} +.42

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

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

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

[12:28] {Threei} wow

[12:29] {Threei} mulligan?

[12:29] {jfjf64} didnt trade it

[12:29] {nemo} bye bye bidu

[12:29] {jfjf64} slap pls

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

[12:29] {jfjf64} ty

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

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

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

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

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

[12:30] {Threei} split

[12:30] {jfjf64} i see

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

[12:30] {Threei} lol

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

[12:30] {Threei} wtg dino

[12:30] {dino} ty

[12:30] {jfjf64} nice dino

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

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

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

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

[12:31] {dino} f

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

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

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

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

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

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

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

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

[12:33] {Threei} lol

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

[12:36] {dino} fire almost lod

[12:40] {jfjf64} bidubidu

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

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

[12:41] {Threei} ty

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

[12:42] {jfjf64} y

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

[12:42] {jfjf64} ouchhhhhhhhhhhhhhhhhh

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

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

[12:44] {magoo} huh?

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

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

[12:45] {magoo} no bullets

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

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

[12:45] {Threei} DSTID is symbol

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

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

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

[12:46] {dino} yes

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

[12:47] {Threei} no

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

[12:51] {Threei} sharp pullback BIDU

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

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

[12:53] {shorty} b/o

[12:53] {ese} .

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

[12:54] {shorty} ty

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

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

[12:55] {nemo} rimm bottoming?

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

[12:57] {nemo} in .10

[12:58] {Les} aig stopped

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

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

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

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

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

[12:59] {Threei} .95

[12:59] {shorty} Support

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

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

[13:00] {Threei} play this:

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

[13:00] {Les} lol

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

[13:00] {shorty} lol

[13:00] {Les} long rimm myself

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

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

[13:01] {dino} or china too

[13:01] {Threei} yeah

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

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

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

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

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

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

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

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

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

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

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

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

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

[13:04] {nemo} frickin rimm

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

[13:06] {Les} i like clf

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

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

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

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

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

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

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

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

[13:08] {shorty} lol

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

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

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

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

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

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

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

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

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

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

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

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

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

[13:14] {nemo} rimm here?

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

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

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

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

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

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

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

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

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

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

[13:17] {shorty} ty

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

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

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

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

[13:29] {Threei} no?

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

[13:31] {dino} they lie

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

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

[13:32] {Les} screw american supermarkets

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

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

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

[13:33] {RonS} lol

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

[13:33] {RonS} lol

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

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

[13:34] {nemo} I liked it

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

[13:34] {Threei} lol

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

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

[13:36] {dino} take care es

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

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

[13:40] {Threei} take care ese

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

[13:42] {RonS} lol

[13:45] {magoo} AIG AIG vad

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

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

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

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

[13:51] {Threei} mags

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

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

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

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

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

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

[13:55] {jfjf64} .05

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

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

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

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

[13:59] {magoo} so i say

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

[13:59] {magoo} and ron say

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

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

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

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

[14:02] {dino} shocking, lol

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[14:11] {shorty} lol

[14:11] {dino} :D

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

[14:12] {dino} thx

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

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

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

[14:15] {dino} azz

[14:15] {dino} nah

[14:20] {Threei} strange

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

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

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

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

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

[14:23] {Threei} to profit

[14:23] {jfjf64} follow

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

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

[14:26] {Threei} teeh pulling day

[14:26] {Threei} 1:2

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

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

[14:30] {magoo} ya sicjk

[14:30] {jfjf64} lol

[14:32] {nemo} what I miss

[14:32] {Threei} BP 20 cents

[14:32] {nemo} figures

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

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

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

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

[14:40] {nemo} invalimudated

[14:40] {Threei} invalidated

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

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

[14:41] {dino} like pulling teeth

[14:41] {Threei} totally

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

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

[14:50] {Threei} shrug

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

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

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

[14:53] {Threei} n really?

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

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

[14:54] {Threei} heh

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

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

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

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

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

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

[14:57] {magoo} srver vad?

[14:57] {Threei} 6

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

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

[15:00] {Threei} mostly stall today

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

[15:01] {dino} back in 10

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

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

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

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

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

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

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

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

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

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

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

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

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

[15:10] {Threei} lol

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

[15:12] {Threei} take care shorty

[15:12] {RonS} cya shorty

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

[15:12] {dino} cya shorty

[15:14] {dino} sy

[15:15] {dino} what the sy

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

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

[15:16] {RonS} jack

[15:16] {magoo} VADDDDDDDDDDDDDDD

[15:16] {magoo} SY

[15:16] {magoo} SY

[15:16] {Threei} look up

[15:16] {RonS} asleep mags?

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

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

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

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

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

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

[15:18] {Threei} 65.14 short here

[15:18] {Threei} covered too soon

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

[15:18] {Threei} I did

[15:18] {dino} towards high reshort

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

[15:19] {Threei} doubt

[15:19] {dino} maybe not

[15:19] {dino} hmmm

[15:20] {dino} 64.70 area maybe

[15:20] {magoo} cnbc now

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

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

[15:22] {dino} thx

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

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

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

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

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

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

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

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

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

[15:25] {dino} ughhhhhhhhhh

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

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

[15:26] {Threei} good morning nemo

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

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

[15:26] {Threei} 65.14

[15:26] {Threei} lol

[15:26] {Threei} SY nemo

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

[15:27] {Threei} takeover rumor

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

[15:28] {Threei} two chickens

[15:28] {Threei} cluck cluck

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

[15:28] {magoo} me two

[15:28] {magoo} 9 point shgort

[15:29] {Threei} 10

[15:30] {nemo} stop dwelling

[15:30] {magoo} 11

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

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

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

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

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

[15:35] {dino} lol

[15:44] {strider} vad, dcc

[15:49] {dptl} good evening all

[15:49] {RonS} cya dp

[15:50] {Threei} take care dp

[15:50] {dino} cya dp

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

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

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

[15:54] {jfjf64} yup

[15:55] {jfjf64} ya did

[15:55] {jfjf64} bidu gettin momo

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

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

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

[15:56] {jfjf64} ill be ready

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

[15:56] {Threei} thank you all

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

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

[15:57] {Threei} see you tomorrow

[15:57] {jfjf64} later all ty