May 10 2010

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


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

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

May 04 2010

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

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

[04:43] {KSystems} good morning

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

[07:53] {strider} your

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

[08:01] {magoo} morning

[08:08] {KSystems} hey

[08:37] {strider} .

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

[08:39] {Les} Conan strikes!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[08:44] {strider} out .81

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

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

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

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

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

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

[09:02] {Threei} ron :)

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

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

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

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

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

[09:04] {RonS} IPXL

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

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

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

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

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

[09:06] {Threei} nice revenue

[09:06] {Threei} lol

[09:07] {Threei} IPXL

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

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

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

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

[09:08] {RonS} allegies=allergies

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

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

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

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

[09:09] {dptl} good morning

[09:09] {Threei} dp :)

[09:12] {Les} fcx crash premarket

[09:12] {fernp} Good morning everybody

[09:13] {Threei} fern :)

[09:13] {shorty} Good morning

[09:13] {Threei} shorty :)

[09:15] {strider} morning folken

[09:15] {Threei} strider :)

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

[09:16] {ese} morning

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

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

[09:16] {Threei} ese :)

[09:16] {nemo} dude

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

[09:20] {Threei} larisa :)

[09:21] {larisa} gm :)

[09:22] {ese} dude

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

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

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

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

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

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

[09:28] {magoo} i am clueless

[09:29] {Threei} so am I

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

[09:29] {dino} gm all

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

[09:29] {jfjf64} mornin

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

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

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

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

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

[09:33] {shorty} missed it

[09:33] {Threei} 1:2

[09:34] {Threei} or whatever

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

[09:34] {shorty} lol

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

[09:34] {magoo} in out

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

[09:34] {shorty} Nice one

[09:34] {Threei} wtg

[09:34] {magoo} 2k

[09:35] {magoo} by accident

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

[09:35] {magoo} NO

[09:35] {Threei} lol

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

[09:36] {Threei} watching LVS

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

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

[09:38] {magoo} ugly futes here

[09:38] {magoo} GS spike

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

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

[09:39] {Threei} .80

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

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

[09:40] {nemo} ntri

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

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

[09:41] {magoo} crazy NTRI

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

[09:41] {magoo} packed with shorts

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

[09:42] {Threei} argh

[09:42] {shorty} rinsed

[09:42] {Threei} BP rinse

[09:42] {Threei} overtightened stop

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

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

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

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

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

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

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

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

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

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

[09:45] {nemo} fcx 69.76

[09:45] {magoo} down 169

[09:45] {magoo} WOW

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

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

[09:47] {nemo} blew by

[09:48] {Threei} second chasnce

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

[09:49] {dino} rtp moving up

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

[09:50] {magoo} OSTK indicated HIGHER

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

[09:50] {shorty} ty

[09:50] {Threei} yw

[09:50] {Threei} +5.40 OSTK

[09:50] {Threei} lol

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[10:01] {Les} rinse

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

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

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

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

[10:01] {Threei} imbecile

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

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

[10:03] {Threei} invalidated

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

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

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

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

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

[10:05] {Les} miners going down

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

[10:06] {Threei} rofl

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

[10:06] {magoo} NLY

[10:06] {magoo} NLY

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

[10:06] {Les} :P

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

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

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

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

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

[10:08] {ese} ahhhhhhhhh

[10:09] {ese} good point

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

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

[10:10] {Threei} tough

[10:10] {fernp} ok

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

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

[10:11] {Threei} have a look

[10:11] {fernp} yeah

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

[10:12] {fernp} BRCM also interestin

[10:12] {fernp} 34 breakdown

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

[10:13] {Threei} but still

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

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

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

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

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

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

[10:15] {ese} Lakrx .57

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

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

[10:16] {magoo} in

[10:16] {magoo} '

[10:16] {magoo} .74

[10:17] {shorty} .76

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

[10:17] {Les} mags, nly

[10:17] {magoo} NO

[10:17] {magoo} too risky

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

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

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

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

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

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

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

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

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

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

[10:20] {Threei} yw

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

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

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

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

[10:21] {magoo} everyday:)

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

[10:21] {Threei} too late

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

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

[10:21] {shorty} lol

[10:22] {dino} exbd

[10:26] {magoo} poor pvt york

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

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

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

[10:27] {Threei} uh oh

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

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

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

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

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

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

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

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

[10:31] {_york1} gm all

[10:31] {magoo} hello york

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

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

[10:31] {Threei} hi york

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

[10:32] {shorty} Hello yourk1

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

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

[10:32] {Threei} COIN

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

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

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

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

[10:33] {Threei} no

[10:33] {Les} lol heaven forbid

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

[10:34] {Les} hehehe

[10:34] {dino} lol

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

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

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

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

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

[10:36] {Threei} bounces are pitiful

[10:36] {nemo} below 11k

[10:36] {Threei} selling overcomes enthusiasm

[10:36] {Threei} good

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

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

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

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

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

[10:42] {magoo} WFC vad

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

[10:42] {Threei} no clean read

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

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

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

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

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

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

[10:50] {Threei} sure

[10:51] {fernp} ty

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

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

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

[11:00] {Threei} die LVS

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

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

[11:03] {Threei} cover half

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

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

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

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

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

[11:04] {magoo} WHEN?

[11:04] {Threei} today

[11:04] {magoo} huh?

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

[11:04] {Threei} noooo

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

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

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

[11:06] {Threei} huh?

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

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

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

[11:07] {Threei} GS Reportedly NYSE disciplines a unit through cease and desist order for Execution & Clearing LP (GSEC)

[11:07] {Threei} - Goldman consents to SEC though not admitting or denying guilt

[11:07] {Threei} MGM 1:1

[11:07] {Threei} will pay civil penalty of $225K

[11:08] {RonS} ha!

[11:08] {magoo} was bumped, who?

[11:08] {Les} lunch money

[11:08] {Threei} does it mean they settle?

[11:08] {magoo} GS?

[11:09] {Threei} yeah

[11:09] {Threei} not very clear

[11:09] {Les} what. sec investigation is already finished?

[11:09] {Threei} volume spike was huge on GS

[11:10] {Threei} and 3 dollars move, lol

[11:10] {Threei} now market confused again

[11:10] {Threei} me too

[11:10] {Threei} - note: this settlement agreement is NOT related to the fraud suit filed by the SEC against Goldman.

[11:10] {Les} aaaah

[11:10] {Threei} what then?

[11:11] {magoo} look at tech goog 17 bidu 17 amzn 5

[11:12] {magoo} aapl 8

[11:12] {magoo} rimm 2

[11:15] {jfjf64} you better tk rest of day off vad

[11:15] {jfjf64} save some winners for tommorrow

[11:15] {Threei} why?

[11:15] {Threei} oh

[11:15] {Threei} lol

[11:16] {jfjf64} nice day

[11:16] {Threei} yeah, what did we have, 1 stop about 12 cents on half lot?

[11:16] {Threei} the rest worked like charm

[11:16] {jfjf64} charmming

[11:16] {magoo} OY

[11:16] {Threei} see? magoo doesn't find me charming

[11:17] {Threei} I am hurt

[11:17] {Threei} wait... no one else does, in fact

[11:18] {Threei} from market update:

[11:18] {larisa} look closer to you : wife, kids.. cat :)

[11:18] {Threei} - Fears of European debt contagion is the central issue this morning, with rumors and speculation heightening anxiety and prompting denials from European leaders. There was chatter that Spain was already asking for an aid package nearly twice as large as Greece's going around, ramping the risk aversion, smacking EUR/USD down to one-year lows just above 1.300 and sending the Portuguese and Spanish equity markets down 4-5% apiece.

[11:18] {Threei} thank you larisa, you are kind soul

[11:18] {Threei} they all tolerate me... cat, yes, cat likes me

[11:19] {larisa} see

[11:19] {shorty} Anything on the radar? My PC shut down.

[11:19] {Threei} I am bout the only one not taking away treats and letting walk on countertops

[11:19] {Threei} not right now shorty, need to let market digest latest move

[11:19] {nemo} clf

[11:19] {shorty} ty

[11:20] {larisa} RIMM was not readable bottom.. AMZN was readable, but did not take it, scary :)

[11:28] {Threei} 25% Have Favorable Opinion of Immigration Rights Protesters, 50% Unfavorable

[11:31] {Les} Gordon Brown was caught on mic calling one voter who questioned him about immigration a bigot

[11:31] {Les} Goodbye Gordon Brown

[11:32] {Threei} yeah

[11:32] {larisa} I want to bet we will end the day in green :)

[11:32] {Threei} well, to be fair he was toast before that too

[11:32] {Threei} it was just the last nail in the coffin

[11:33] {Threei} ok guys, most likely bounce time

[11:33] {Threei} but let's make it all discretionary,

[11:33] {Threei} easy money is made

[11:33] {Threei} so, what I suggest is:

[11:33] {Threei} if you like any play out of those I'll outline,

[11:33] {Threei} do them on decreased shares

[11:34] {Threei} and decide on the minimal amount you go home with

[11:34] {Threei} kind of trailing stop on your account, protecting profit

[11:35] {dino} qqqq l .40

[11:36] {Les} esi

[11:39] {ese} L qqqq .41

[11:39] {ese} with ya dino

[11:41] {ese} ahhhhh more .42 than .41

[11:41] {ese} .4176235

[11:46] {Threei} Long Setup: WFC .20 break

[11:46] {Threei} if stays above .15

[11:47] {Threei} 11:42:13 AM

[11:47] {Threei} Research in Motion Ltd Planning a Blackberry tablet product - Blackberry Leaks blog

[11:47] {Threei} - Blog post cites contact within RIMM. Contact claims the tablet will be smaller than iPad, codenamed "BlackPad."

[11:47] {Threei} - Tablet will feature full BlackBerry OS compatibility and functionality.

[11:47] {Threei} - Product reportedly to be released in early 2011.

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

[11:50] {nemo} 1:1

[11:53] {Threei} AVNR Canaccord Adams adds to Best Ideas List (timing uncertain)

[12:07] {shorty} possible b/o for CIEN Threei?.46

[12:12] {Threei} I doubt it

[12:12] {Threei} market went into coma

[12:12] {shorty} It did

[12:24] {dino} b-day fast approaching

[12:24] {dino} qqqq stropped

[12:24] {ese} stopped as well

[12:25] {ese} nvda filling the gap

[12:25] {ese} this should bounce

[12:26] {ese} relentless selling today

[12:26] {dino} 14.20s

[12:28] {ese} Q is may 13th.......shaking out weak hands would imagine.....then up for the q

[12:29] {Threei} Long Setup: BP .50 break half lot

[12:29] {Threei} if stays above .40

[12:32] {Threei} over 1:1

[12:32] {Threei} can't believe how easy today is

[12:33] {magoo} u know u cursing us with that statemt

[12:33] {Les} half out .61

[12:33] {Threei} payback will come anyway

[12:33] {Threei} may just as well enjoy today

[12:33] {Threei} and do what I always do when payback comes: limit risk strioctly

[12:34] {Threei} sit out most of drawdown with smallest losses possible

[12:34] {Threei} and resume winning streak

[12:35] {Threei} the sheer ratio of winners today by itself is not surprizing,

[12:35] {Threei} wha is surprising:

[12:35] {Threei} it happens on a day of big change in the market mood

[12:35] {Threei} those days are usually losers for me

[12:35] {Threei} as I go through readjustment

[12:36] {Threei} this is a part of the process

[12:36] {magoo} sorry, what were u saying he he

[12:36] {Threei} I guess waitinf for the reversal for a long time tuned me in

[12:36] {Threei} never mind mags

[12:36] {Threei} I did use more than 3 words with more than 3 syllables

[12:36] {Threei} sorry

[12:36] {Threei} overstrained myself, too

[12:37] {magoo} well "accidentally" took 2k again he he

[12:37] {magoo} needed focus

[12:37] {Threei} lol

[12:37] {Threei} 1:2 BP

[12:37] {Threei} beautiful and not obvious setup at all

[12:37] {magoo} all out

[12:37] {magoo} .66

[12:37] {Threei} it was a bounce into resuistance

[12:38] {Threei} which normnally in such formation would be a short

[12:38] {nemo} support?

[12:38] {Threei} ?

[12:38] {nemo} oh, I see

[12:38] {nemo} yeah, why'd you think it long?

[12:39] {Threei} honestly or hindsight?

[12:39] {dino} intc l .49

[12:39] {dino} itt l .90

[12:41] {dino} rtp l .85

[12:41] {magoo} someone anticipating a bounce

[12:41] {Threei} who could that be

[12:42] {shorty} My cheq for Threei

[12:42] {dino} close -89 dji

[12:42] {Threei} IMF confirms no truth to rumors that Spain requested a bailout

[12:42] {dino} sounds familiar

[12:42] {Threei} very

[12:42] {larisa} I am still waiting on BP explanation threei :)

[12:43] {Threei} "we don't need to raise any more capital" comes to mind

[12:43] {dino} bp: imf confirms no request from bp too

[12:43] {Threei} which one larisa.. honest or constructed in hindsight? :)

[12:43] {Threei} ok, both

[12:43] {Threei} honest: strong gut feel

[12:43] {Threei} hindsight:

[12:44] {Threei} .50 was obviously important level around which BP danced a lot today from both sides,

[12:44] {Threei} it had to serve eaither as resistance to reject the bounce and lead to short

[12:44] {Threei} or resistance to be broken and lead to long,

[12:45] {larisa} it had perfect bullish divergence at .40. was surprised you saw that though :)

[12:45] {Threei} with this protracted market selling and pause, surprise was ready to present itself,

[12:45] {Threei} and with BP being in green (on of few sianlds of green in the sea of red),

[12:45] {Threei} I'd assume surprise was likely to be on a long side

[12:46] {Threei} sheesh... why would my clayroviance surprise you... :(

[12:46] {Threei} :((

[12:46] {Threei} give me a gun someone, life is not worth it anymore

[12:47] {Les} waiting till end of session please

[12:47] {larisa} you are too emotional today. it was not your kind of play, thats why

[12:47] {Threei} me? emotional?

[12:47] {Threei} lol

[12:47] {larisa} but gut feel explains it :)

[12:48] {dino} as i always say, trust the gut

[12:49] {Threei} but fill it with beer first

[12:49] {larisa} some people just do not have it :)

[12:49] {Threei} dino, she just called us fatties

[12:52] {dino} been called worse

[12:52] {larisa} lol

[12:53] {Threei} well, but she also called me emotional on top of that

[12:53] {dino} that i have never been called, unemotional, sure

[12:54] {Threei} caught me off guard too... all I heard before was rather "don't you feel anything at all??"

[12:54] {dino} roflol

[12:54] {dino} or "what are you thinking"

[12:55] {Threei} yeah, that's a puzzling one considering that I disclose total absence of thinking in advance

[12:55] {Threei} abhorrence even

[13:02] {Threei} ITMN Halted: News pending

[13:02] {Threei} - Note: ITMN is expected to have an announcement from the FDA on Pirfenidone for Idiopathic Pulmonary Fibrosis

[13:02] {Threei} - Reminder: on 03/09 FDA Panel recommends approval for Pirfenidone for Idiopathic Pulmonary Fibrosis in 9-3 vote. Panel votes 9-3 that Pirfenidone can be considered safe. Panel votes 7-5 that data is sufficient showing Pirfenidone is effective.

[13:03] {Les} dino, what do you make of FIRE? breakout material?

[13:05] {Threei} multiple arrests in Pakistan connected to Times Square bombing attempt

[13:05] {Threei} why do I not feel reassured by speedy arrests

[13:06] {Threei} second time in a short while attack fails solely because of incompetence of would-be bombers

[13:06] {Les} yeh... living on borrowed time

[13:06] {Threei} exactly

[13:06] {Threei} pure luck

[13:07] {Threei} both Christmas plane and this NY car bomb were totally successful as far as sneaking by authorities goes

[13:07] {Threei} by security rather

[13:11] {Les} ty dino. your long entries led me to esi long. out +.34

[13:12] {Les} time to make dinner

06[13:12] * Threei slaps Les around a bit with a large roll of cash

[13:19] {nemo} yeah, only reason they caught him was the airline called the feds because I guy just bought a ticket with cash and no luggage

[13:20] {Les} vad, what do you make of fire? looks like ascending triangle to me.

[13:20] {nemo} Actually, the gate had already been retracted from the plane

[13:23] {dino} i like fire long

[13:26] {Threei} dunno, i don't see any play at all on it

[13:28] {Les} me too, just lacking a bit of volume

[13:31] {magoo} dip buyers are upon us

[13:34] {strider} You gusy playing with fire, I see.

[13:34] {strider} guys

[13:35] {_york1} are you on lunch break?

[13:35] {Threei} who?

[13:35] {nemo} coma

[13:35] {_york1} funny

[13:36] {strider} Vad's always on lunch break.

[13:36] {nemo} vodka break

[13:36] {Threei} just inactive market, we are waiting it out

[13:36] {strider} Or, as we say, out to lunch.

[13:37] {_york1} How many trades do you take on average per day?

[13:38] {nemo} 6

[13:38] {Threei} depends on market activity

[13:38] {Threei} anywhere from 3-5 to 15-20

[13:38] {_york1} thanks

[13:39] {_york1} Threei..... is that Val?

[13:39] {Les} that's his female alter ego

[13:39] {Threei} Vad rather

[13:39] {_york1} sorry

[13:39] {Threei} yourk, could you please change to black?

[13:40] {Threei} colors are for alerts, less confusion

[13:40] {_york1} no problem, understand

[13:40] {strider} coming in black here.

[13:40] {Threei} ty

[13:41] {Threei} strider... you really need to get to 21st century, those B&W monitors are a bit outdated

[13:41] {strider} b&W? no way. I;ve got 64 shades of grey.

[13:42] {_york1} Vad, saw the interview on website, very impressing to me

[13:42] {Threei} thank you

[13:42] {shorty} I trade off of my commodore 64.

[13:42] {strider} You trade on the john?

[13:43] {nemo} oh jeez

[13:43] {nemo} that's a stretch...you must be bored strider

[13:43] {Les} ah you're a German york?

[13:43] {strider} I knew you'd get it.

[13:44] {strider} Mr. potty humour.

[13:44] {_york1} yes how did you know?

[13:44] {nemo} noch ein Deutscher...

[13:44] {Threei} quite a few europians

[13:45] {nemo} can you make potty humor out of that strider?

06[13:45] * Threei slaps KSystems around a bit with a large map of Germany

[13:45] {shorty} Great, I am french and surrounded by Germans again!

[13:45] {strider} sure. and you know how.

[13:45] {nemo} you're name maginot shorty?

06[13:45] * Threei slaps Les around a bit with a large map of Switzerland

[13:45] {shorty} lol

[13:45] {nemo} yea Your a pean

[13:45] {Threei} who let fern out?

[13:46] {nemo} your name

[13:46] {Threei} I have a map of Spain to slap him with

06[13:46] * Threei slaps jfjf64 around a bit with a large map of Italy

06[13:47] * Threei slaps nemo around a bit with a large Antarctica

[13:47] {nemo} crissakes, never been hit by a continent before

[13:47] {Les} cause york is a perfectly good German name :)

[13:48] {nemo} Greek

[13:48] {ese} L nvda .65

[13:48] {ese} scalping big time

[13:50] {strider} BP is in denial. Also in de gulf.

[13:50] {ese} out 15k .70 +.05

[13:50] {strider} spike

[13:50] {ese} balance to break even

[13:50] {dino} too

[13:51] {shorty} 15k! Nice

[13:51] {dino} too fast]

[13:51] {Threei} ese is back in the saddle

[13:52] {shorty} c/h forming on CIEN THreei?

[13:52] {dino} \out fire +.25 ty les

[13:52] {ese} out remaining 10k .72

[13:52] {ese} +.07

[13:52] {shorty} ese, that awesome

[13:52] {Threei} can't tell really shorty

[13:52] {shorty} is

[13:52] {shorty} ty THreei

06[13:53] * Threei slaps ese around a bit with a large roll of cash wrapped in a map of Vancouver Island

[13:53] {ese} haven't done much of that lately........

[13:53] {ese} could smell that one though

[13:54] {ese} but thats what i need for today because i have to go and teach choir....see you tomorrow

[13:54] {shorty} Bye ese

[13:54] {Threei} take care ese

[13:54] {ese} cya

[13:56] {dino} cya and gj es

[13:59] {Threei} PSID Hearing vague rumour company may receive large contract for glucose breath testing device (timing uncertain) (1.52, +0.10, 7.04%)

[13:59] {Les} out fire +.14 missed the top

[13:59] {dino} magoo could use a breath testing device

[14:00] {Les} hmmm. is that his secret?

[14:01] {dino} out intc +.12

[14:13] {Les} AMZN still on the floor here. might by picking itself up now

[14:15] {strider} Does this strike you all as funny?

[14:16] {strider} : For investors, eBay's a better bet than Amazon.com, WSJ says

[14:16] {strider} Investors weighing Amazon.com (AMZN) and eBay (EBAY) may be better off with eBay, according to the Wall Street Journal's "Heard on the Street." While shoppers may prefer Amazon's bargains, investors are attracted to the growing success of eBay's PayPal system

[14:16] {Threei} huh?

[14:16] {strider} IOW, consumers like AMZN.

[14:16] {strider} But investors should buy something else?

[14:16] {Threei} apples to oranges

[14:17] {Threei} different set of customers, different purposes, dfifferent business model

[14:17] {Les} my Murdoch has invested in ebay?

[14:17] {Threei} overlapping in some areas, sure

[14:18] {Threei} but INTC and GILD customers overlap too, both groups use tilet paper

[14:18] {RonS} 3i, bp on a 51.30 break w/ mkt help?

[14:18] {strider} God, you mean I might have something in common with nemo?

[14:18] {Threei} so rry strider

[14:19] {Threei} such is reality

[14:19] {RonS} ...corn cobs...

[14:19] {Threei} Ron, it's too far from there to say anything definite

[14:19] {nemo} 51.30?

[14:19] {Threei} see, the major consideration is:

[14:19] {dino} itt stopped -.35

[14:19] {Threei} HOW it gets there

[14:19] {RonS} bp's yesterday's hod...

[14:19] {Threei} while that resistance is meaningful by itself,

[14:19] {Threei} consider two cases:

[14:19] {shorty} Pullback entry for VVUS Threei?

[14:20] {Threei} A: BP spikes sharply from current price into .30

[14:20] {Threei} B BP crawls up slowly, consolidates under .30, then breaks

[14:20] {Threei} which case is a valid breakout and which is trap?

[14:20] {RonS} b

[14:20] {RonS} a

[14:21] {Threei} there you go

[14:21] {RonS} ...guess i am learning something...

[14:21] {Threei} shorty, as an idea yes, as this particular level - no

[14:22] {shorty} What would you look for?

[14:22] {Threei} not sure yet

[14:24] {RonS} ...man, someone is defending euro 1.310...

[14:25] {RonS} ...would love to see a 1.30 break so we could get a washout and reverse...

[14:26] {Threei} euro is so toast...

[14:26] {Threei} they can band-aid it for years, but eventual result will be the same

[14:28] {RonS} 1.310 should be 1.3010

[14:34] {Les} vad, bounce hunt for AMZN?

[14:34] {Threei} GS Fairholme reportedly discloses large stake in Goldman Sachs (151.79, +2.29, 1.53%)

[14:34] {Threei} surefire way to spoil your day Les

[14:35] {Les} :O

[14:35] {Threei} seriously... want to try it on paper?

[14:35] {Threei} it's a widowmaker today

[14:37] {magoo} les, u need to recognize the EASIER p[lays

[14:38] {Les} aapl?

[14:38] {Threei} lol

[14:38] {Les} ;)

[14:38] {magoo} NO..but maybe GS HE HE

[14:38] {Threei} or AMZN short on .50 break

[14:41] {Threei} what else is easy out there

[14:41] {Threei} oh, GOOG

[14:41] {nemo} bidu

[14:41] {Les} IN

[14:43] {Threei} did you pick the direction or closed your eyes and clicked?

[14:44] {Threei} US) Senator Leahy (D-VT) plans to back pending legislation that would curb credit card companies' "swipe fees"

[14:44] {RonS} toilet paper again?

[14:44] {Threei} so, Leahy thinks cradit card companies should provide service for free?

[14:44] {Les} I actually wanted long, based on behaviour of stock at 14:08

[14:45] {Threei} - Bill would limit the ability of credit card industry to charge merchants small fees on each transaction.

[14:45] {Threei} - The fees bring the credit card industry $40B a year in revenue.

[14:45] {Les} see bear trap before bounce at 14:10?

[14:45] {RonS} ...he thinks only Congress shoudl get a fee for swiping...our money.

[14:46] {Threei} Les, I think with spread over a dollar you can find ant kind of plays even when the stock doesn't move at all, LOL

[14:46] {RonS} clf lod

[14:46] {Les} alright alright

[14:46] {nemo} fas too

[14:47] {Les} vad, MGM read here?

[14:48] {Threei} unless market makes a really significant move, it's pretty much done

[14:48] {Les} done for, or done going down?

[14:49] {Threei} done moving

[14:49] {Threei} any direction

[14:49] {Les} ok

[14:51] {shorty} Any read on UAUA?

[14:52] {Threei} .50 break was valid short setup... nothing here,

[14:52] {Threei} and I am hesitant to touch it at all

[14:52] {Threei} because of merger situation

[14:52] {shorty} ty

[14:53] {Threei} GS

[14:53] {Threei} 151 break

[14:55] {RonS} euro broke 130...

[14:55] {Threei} EUR/USD Breaks the 1.3000 level for first time since April 2009

[14:59] {_york1} to stupid to login

[15:00] {Threei} hey, I have a feeling tou'll fit right in

[15:01] {Threei} we discourage any brain work whatsoever

[15:01] {Les} hehehe took the words right out of my mouth

[15:01] {nemo} sure that wasn't your foot les?

[15:01] {Les} hahhahahhahahahaha

[15:01] {Les} good one

[15:01] {shorty} lol

[15:02] {Threei} people who can spell words longer than 3 syllables... what are they good for

[15:02] {nemo} spelling words longer than 3 syllables

[15:02] {Threei} well, other than to spell words longer than 3 syllables

[15:02] {Threei} lol nemo

[15:06] {Les} amzn 129

[15:09] {Threei} Hearing Sanford Bernstein making positive comments on offshore drilling (timing uncertain)

[15:09] {Threei} - Discloses this is positive for for NE, PDE, RDC, ESV; Adds that BP and APC are oversold and would be buyers

[15:09] {strider} BP, huh. OK, 3i, you start.

[15:09] {Threei} well

[15:10] {Threei} I too think it's oversold

[15:10] {larisa} turtles, fish and shrimps do not agree

[15:10] {strider} And i likes me shrimp.

[15:11] {Les} well 'eat em and die' is the new motto

[15:11] {Les} consumers of scottish farmed salmon are on notice that more than 3 serves a year increases cancer risk significantly

[15:11] {Les} guess you guys are gonna have to live with it too

[15:12] {strider} Ah, a little texas tea is good for you.

[15:12] {Les} like a hole in the head

[15:13] {dino} hmmm, i was thinking hard lemonade

[15:17] {Threei} why does it matter how advisers kept persident "abreast" of search and how many times he was briefed yestyerday before the arrest?

[15:18] {Threei} news reporters can be so stupid sometimes

[15:18] {nemo} Iain Anderson raises salmon in Scotland

[15:18] {Les} so unlike BP incident, president can be seen to be 'on top of it'

[15:18] {Threei} " we were just informed that the president was briefed 6 times yesterday"...

[15:19] {Threei} he had valuable insight how to proceed?

[15:19] {Threei} presonally coordinated the search?

[15:20] {Les} does help avoid asking embarrassing questions

[15:20] {Threei} Long Setup: BP .80 break

[15:20] {Threei} if stays above .70

[15:20] {Threei} half lot

[15:20] {Threei} discretionary

[15:23] {magoo} in

[15:24] {Threei} over 1:1

[15:24] {magoo} out .91 2k (oops)

[15:24] {shorty} out .87

[15:24] {Threei} it's official:

[15:24] {Threei} turtles, fish and shrimps are not my financial adisors

[15:24] {Threei} sorry larisa

[15:24] {magoo} ty boss

[15:24] {Threei} welcome sir

[15:24] {larisa} who is?

[15:25] {Threei} not sure... but not these sea creatures

[15:25] {magoo} i guess my half lot is 2k today

[15:25] {shorty} Oh ya...thank you Threei

[15:25] {Threei} sure thing

[15:26] {Threei} maybe moth

06[15:26] * magoo slaps Threei around a bit with a large trout

06[15:26] * magoo slaps _funky10 around a bit with a large trout

06[15:26] * magoo slaps _york1 around a bit with a large trout

[15:26] {Threei} what did I do?

[15:26] {_york1} may I ask, what were your fills on BP long ?

[15:26] {magoo} just letting u know i can

[15:26] {Threei} why am I being trouted

[15:26] {Threei} new guys, OK

[15:26] {Threei} that's what new guys are for

[15:26] {magoo} .77

[15:26] {magoo} 200 shares

[15:26] {shorty} magoo is our forum goon.

[15:27] {magoo} 2000

[15:27] {magoo} shares

[15:27] {_york1} great

[15:27] {Threei} Les and shorty, fine, they are relativelt recent arrivals and are low in pecking order

[15:27] {magoo} yea shorty, u too new to say that about me

[15:28] {Les} oh come on, what's a person got to do around here before we're no longer newbies?

[15:28] {Threei} lol

[15:28] {magoo} i practically founded room with vad

[15:28] {shorty} Threei.......???

[15:28] {nemo} get through your rookie year

[15:28] {shorty} Sorry, you are the MUSCLE of this forum.

[15:28] {magoo} hence.....................

06[15:28] * magoo slaps shorty around a bit with a large trout

[15:28] {nemo} and forthwith................

06[15:29] * nemo slaps _york1 around a bit with a large daytrading course

[15:29] {Threei} speaking of those who are here since inception

[15:29] {Threei} Larisa

[15:29] {Threei} Raven

[15:29] {Threei} jmb

[15:29] {nemo} birthers

[15:29] {shorty} What year was that Threei?

[15:29] {Threei} ummm

[15:29] {Threei} 2000

[15:29] {magoo} this year

[15:29] {Les} fair enough. we can't all be dinosaurs

[15:29] {nemo} you're making him think

[15:29] {Threei} lol

[15:30] {Threei} BP 1:2

[15:30] {Threei} see larisa? shrimp don't get it

[15:31] {larisa} any of Bp drills in your area vad?

[15:32] {Threei} not that I am aware of

[15:32] {RonS} ...only nuclear subs...

[15:32] {Threei} 1:3

[15:33] {shorty} And a drunk captain of an oil ship

[15:33] {larisa} good, shrimp can be vindictive

[15:33] {Threei} they are very good here

[15:33] {Threei} my personal shrimping season is Sept - Nov

[15:34] {dino} always picking on the little guy

[15:34] {Threei} about Nov 20st they disappear... don't know why

[15:34] {RonS} ...and I thought it was every day now with Shorty...:D

[15:34] {Threei} as if they have calendar

[15:34] {shorty} I remember as a kid going to the Island and picking clams from the beach. My mother would make us a big pot of clam chowder.

[15:35] {larisa} my fave soup

[15:35] {shorty} lol RonS

[15:35] {Threei} I just throw them on BBQ

[15:35] {dino} good soup

[15:35] {shorty} People forget that 11 people died on that oil rig too.

[15:36] {larisa} try wrapping them with bacon vad

[15:36] {Threei} that I do with scallops

[15:36] {shorty} Bacon and shrimp, there is none higher.

[15:37] {shorty} I might get a lobster today, making me hungry.

[15:38] {RonS} ...isn't that against the law where you live shorty?

[15:38] {RonS} ...beef only...

[15:38] {Threei} no, you can get it - you just must clean 1 sa mile of municipal propert of snow first

[15:38] {Threei} sq mile

[15:38] {shorty} lol......I don't eat cow

[15:39] {Threei} that's why no one eats it in July

[15:39] {Threei} the rest of months is fair game

[15:39] {shorty} Threei....just...nevermind.

[15:39] {fernp} good evening everybody. see you all tomorrow

[15:39] {RonS} ...no talking about spouses here...oops...

[15:39] {Threei} take care fern

[15:39] {RonS} cya fern

[15:40] {shorty} Bon soir fernp

[15:40] {shorty} That is a totally different animal RonS

[15:41] {RonS} ...big selling coming in...

[15:41] {Threei} wow, winishing at the lows?

[15:41] {Threei} finishing

[15:41] {Threei} I'd say so Ron

[15:41] {RonS} ...watching the order flow...

[15:41] {Threei} last one}

[15:41] {Threei} LVS

[15:41] {Threei} short

[15:41] {Threei} .64

[15:42] {Threei} invalidated

[15:44] {magoo} sad to see the end of the unstoppable rally

[15:45] {Threei} nah

[15:45] {Threei} was getting long in the tooth

[15:45] {Threei} tough to trade

[15:45] {Threei} need t shake off some enthusiasm

[15:46] {Threei} just compare:

[15:46] {dino} well, ndx -4.9%

[15:46] {Threei} last months of the rally we had to get all out plays in the first 60 minutes

[15:46] {Threei} after that, market was dead

[15:46] {Threei} run into couple stops in the morning, almost no chance to redeem

[15:47] {Threei} today activity was much more evenly spread

[15:47] {Threei} still morning is the most active, sure, but still

[15:47] {shorty} My BP stop today hit hard

[15:47] {Threei} hmm?

[15:47] {Threei} there was just one, and it was slightly over 10 cents

[15:48] {dptl} good evening all..see ya tomorrow

[15:48] {shorty} I had my stop set, but it dipped so fast that I got stopped at a lower price.

[15:48] {RonS} cya dp

[15:48] {Threei} vs I don't know how many winning ones, of all thinkable sizes

[15:48] {Threei} take care dp

[15:50] {_york1} I trade futures nornally. How much slippage do you get on stocks?

[15:50] {Threei} stocks are not created equal

[15:50] {Threei} some are thin, some are thick

[15:50] {Threei} thin ones carry bigger possible slippage

[15:51] {Threei} thick ones practically zero

[15:51] {nemo} yeah, definitely a chance for a sygmoidoscopy

[15:51] {Threei} also, diff brokers offer different quality of executions

[15:51] {_york1} AND BP for example?

[15:52] {_york1} I have IB account

[15:52] {Threei} BP is mid pack

[15:52] {Threei} can be dangerous sometimes

[15:52] {Threei} when conditions become very fast

[15:52] {Threei} under nortmal conditions, not too bad

[15:52] {Threei} but today if you noticed most calls on it were :half lot"

[15:53] {Threei} which was toa ccount for its heightened volatility

[15:53] {nemo} for which Magoo doubled up

[15:53] {Threei} well... magoo has his own ideas how to interpret my words

[15:53] {Threei} he doubles when I sat careful

[15:53] {magoo} nemo, u mean x 4

[15:53] {nemo} he has trouble with your accent

[15:53] {Threei} triples when I say very dangerous

[15:53] {shorty} Have a good night all. Thank you Threei.

[15:54] {magoo} 500 x 4 =2k

[15:54] {Threei} take care shortt

[15:54] {RonS} cya shorty

[15:54] {_york1} do you have a 10 tick stop on scalp trades?

[15:54] {Threei} stop is ddictated by chart

[15:54] {magoo} WAITTTTTTT shorty

06[15:54] * magoo slaps shorty around a bit with a large trout

[15:54] {shorty} duck

[15:55] {_york1} I see

[15:58] {Threei} FBI guy says bomber was complete dunce

[15:58] {Threei} I am telling you... incompetence of attackers is our most effective line of defense

[15:59] {Threei} scary thought bujt we are biound to run out of luck sooner or later

[15:59] {larisa} later all :)

[16:00] {Les} nighty night

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {RonS} great day...thanks 3i

[16:00] {Threei} see you tomorrow

[16:01] {Threei} ITMN Receives complete response letter from FDA: no approval at this time

[16:04] {_york1} thanks Vad

Day worked out nicely with several strong plays on LVS, GS and BP. For some reason LVS was the hero of the day though, with three or four trades on it.

Session Time: Mon May 03 00:00:00 2010

[08:12] {magoo} morning

[08:27] {Threei} GR) Greece Fin Min Papaconstantinou: Greek banking system is absolutely shielded

[08:27] {Threei} - ECB's decision has been an important move

[08:27] {Threei} FTBK Halted

[08:27] {Threei} - Note: One of FTBK's assets was closed by the FDIC on Friday

[08:28] {Threei} (US) Preview: Mar Personal Income, Spending and PCE data due at 8:30 am ET

[08:28] {Threei} - Personal Income: 0.3%e v 0.0% prior.(Analyst range of estimates +0.1% to +0.6)

[08:28] {Threei} - Personal Spending: 0.6%e v 0.3% prior (Analyst range of estimates +0.2% to +1.0%)

[08:30] {Threei} *(US) MAR PERSONAL INCOME: 0.3% V 0.3%E; PERSONAL SPENDING: 0.6% V 0.6%E

[08:30] {Threei} *(US) MAR PCE CORE M/M: 0.1% V 0.1%E; Y/Y: 1.3% V 1.3%E; PCE DEFLATOR Y/Y: 2.0% V 2.0%E

[08:31] {Threei} 07:55 BPAX Reinitiates Prostate Cancer Vaccine Development

[08:31] {Threei}

[08:36] {Threei} 53% Say Obama Governing on Bipartisan Basis, 51% Disagree

[08:37] {Threei} how elusive the % of idiots is...

[08:37] {Threei} XNPT Announces Presentations of New Data for Arbaclofen Placarbil at Digestive Disease Week Meeting (10.40, 0.00, 0.00%)

[08:38] {fernp} Good morning everybody

[08:38] {Threei} fern :)

06[08:48] * Les slaps nemo around a bit with a large trout

[08:48] {Les} where's shorty? He needs a good slapping too

[08:48] {Les} morning :)

[08:49] {Threei} les :)

[08:56] {Threei} (GR) Germany's Merkel: Bill expected to stabilize Greece and Eurozone

[08:56] {Threei} - Confirms German portion of the aid is 22.4B over the next 3 years

[08:58] {Les} hehehe until the next sovereign crisis in Europe...

[08:58] {Threei} of course

[08:58] {Threei} it's all downhill from here

[08:59] {Threei} not that any alternative is better,,, flawed design fron the get go

[09:00] {Les} guess Switzerland wasn't so backward looking after all... staying out of the EU

[09:00] {Threei} not at all

[09:01] {Threei} (GE) German FDP's Westerwelle:Will not let contagion spread across Europe

[09:01] {Threei} as if

[09:01] {dptl} good morning

[09:01] {Threei} dp :)

[09:02] {ese} morning

[09:02] {Threei} ese :)

[09:10] {Threei} FTBK... sic transit gloria mundi

[09:10] {nemo} wow

[09:11] {ese} anybody who got in around 8 has gotta be in pain by now

[09:12] {nemo} nah...they've jumped

[09:12] {Threei} understatement of the month

[09:12] {Threei} "pain" doesn't even beging to describe it

[09:14] {Threei} if a case for tight risk control still needs to be made,

[09:14] {Threei} FTBK makes it better than I ever could

[09:14] {dino} gm all

[09:14] {Threei} dino :)

[09:15] {Threei} notice that you don't even have to be extremely unfortunate one bought into 7s to suffer indescribably

[09:15] {Threei} you may have been one of smarter ones, waiting for pullback,

[09:15] {Threei} and buying let's say reasonably looking 5 or 4

[09:17] {Threei} pre-emptive greeting:

[09:17] {Threei} larisa :)

[09:17] {Les} RIG looks like what TM should have looked like after it made the headlines. funny, about the same price as well

[09:18] {larisa} gm :)

[09:18] {Les} pre-emptive slapping is more fun

[09:19] {Threei} my working assumption so far is, this gap up is to be shorted

[09:20] {Threei} WFC looks like tempting candidate

[09:20] {shorty} good morning

[09:20] {Threei} shorty :)

[09:21] {RonS} gm all :)

[09:22] {Threei} ron :)

[09:22] {lasertrev} gm

[09:22] {lasertrev} :)

[09:22] {Threei} trev :)

[09:22] {Threei} if WFC consolidates between .20 and .30, breakdown is a trigger

[09:22] {Threei} opening volaitlity is concern

[09:23] {Threei} sometimes it jumps uncotrollably during first minutes

[09:25] {magoo} BP clubbed, watch these vad BP RIGG CAM HAL

[09:27] {Les} esi is still getting thumped

[09:27] {nemo} what about all that support around .10 for wfc, still a short on break?

[09:28] {Threei} .10?

[09:28] {Threei} I don't see any meaningful support there

[09:29] {nemo} it hung in that aroua between 2:30 and -4::00 on Friday

[09:29] {strider} chrts very sluggish here this AM

[09:30] {Les} 2 million shares shown histogram for wfc friday .10

[09:31] {Les} I have no idea what that means

[09:34] {Threei} Short Setup: WFC .50 break

[09:34] {nemo} huh?

[09:35] {fernp} .20?

[09:35] {Les} BHP selloff

[09:35] {Threei} .20 sorry

[09:35] {Threei} if stays under .35

[09:35] {Threei} invalidatedf

[09:35] {Les} now it's .50

[09:35] {Threei} (SP) Spain Econ Min Campa: No lack of demand for Spanish debt (related EWP EUR/USD BUNDS )

[09:36] {nemo} that must be why financials jumped

[09:37] {Threei} yup

[09:37] {Threei} good thing is didn't happen AFTER trigger

[09:38] {Threei} look at GS whipsaw

[09:38] {magoo} was judst thinking xmas tree

[09:39] {Threei} lol, .50 short WFC was just that eh?

[09:39] {Threei} freudian call

[09:42] {Threei} LVS

[09:42] {Threei} watching for bounce setup

[09:46] {Threei} bounced but with no setup

[09:46] {Les} fcx cratering

[09:46] {Les} x hammered

[09:47] {Les} x bounce

[09:47] {Les} out +.10

[09:48] {Threei} Long Setup: MGM .10 if stays above 16

[09:49] {dptl} is laser works ok for for everybody today?

[09:49] {Threei} fine here

[09:49] {strider} data very sluggish here.

[09:49] {nemo} charts seem slow

[09:50] {strider} N.C. USA

[09:50] {dptl} yes same here

[09:50] {nemo} boston

[09:50] {Threei} MGM invalidated

[09:51] {Threei} (US) Preview: March Construction Spending due out at 10:00ET

[09:51] {Threei} **consensus expectation: -0.5%e v -1.3% prior

[09:51] {Threei} what's with CYTX

[09:51] {Threei} no news here

[09:51] {Les} aa in freefall

[09:52] {magoo} RIG getting into bounce area

[09:52] {RonS} ...must be all materials...look clf...could be big reversal w/ 10am news

[09:53] {nemo} probably from australian tax news

[09:53] {Les} yeh tax all these fat cat miners

[09:54] {Les} BHP fighting to hold 72

[09:55] {Threei} Long Setup: LVS .90 break

[09:55] {Threei} if holding above .80

[09:55] {Threei} invaliated

[09:55] {Les} s bhp .99

[09:56] {Les} small

[09:57] {shorty} BEXP b/o .66 Threei...Thin stock though

[09:57] {Les} Ron, what is 10am news?

[09:57] {Threei} [09:51] {Threei} (US) Preview: March Construction Spending due out at 10:00ET

[09:57] {Threei} [09:51] {Threei} **consensus expectation: -0.5%e v -1.3% prior

[09:58] {Les} ty

[09:58] {RonS} ISM Mfg Index

[09:59] {Threei} (US) Preview: April ISM Manufacturing Index due out at 10:00ET

[09:59] {Threei} **consensus expectations: ISM Manufacturing: 60.0e v 59.6 prior

[10:00] {Les} cover bhp +.11. it's gone quiet

[10:00] {Threei} *(US) APRIL ISM MANUFACTURING INDEX: 60.4 V 60.0E

[10:00] {Threei} *(US) MARCH CONSTRUCTION SPENDING: 0.2% V -0.5%

[10:01] {RonS} ...no big reaction...

[10:03] {Threei} Long Setup: LVS .66 break

[10:03] {Threei} if stays above .55

[10:03] {magoo} in

[10:03] {Threei} half out

[10:04] {Threei} stop to .59

[10:05] {magoo} ouy .87 TY vad

[10:05] {Threei} 1/4 more out

[10:05] {Threei} welcome

[10:06] {Threei} stop to b/e

[10:06] {shorty} Out at 1:1...ty Threei

[10:07] {Threei} out in full

[10:07] {Threei} +.30

[10:07] {Les} nice one. missed it.

[10:08] {Threei} I say patience at the hectic open was worth it

[10:08] {magoo} yea..i actually waited too

[10:09] {dptl} Vad, what quote serv you use?

[10:11] {strider} I'm on 19....chart #4

[10:11] {Threei} 16

[10:11] {strider} no QQQQ all morning.

[10:11] {strider} on 1 min.

[10:11] {Threei} QQQQ is good here

[10:11] {dptl} ty.....really bad here,some stocks not even streaming

[10:12] {fernp} here too, dp

[10:12] {strider} where are you?

[10:12] {Threei} Long Setup: X .15 half lot

[10:13] {Threei} invalidated

[10:15] {dptl} kerx breakdown?

[10:15] {Threei} broke... let's wait for bounce

[10:15] {Threei} not to chase

[10:15] {Threei} here it is

[10:15] {Threei} same setup

[10:15] {Threei} .90 break if holding .6

[10:15] {dptl} i got in .88

[10:16] {nemo} kerx?

[10:16] {Threei} yes

[10:17] {Les} lvs

[10:19] {nemo} kerx long beak of .95?

[10:19] {Threei} nah

[10:19] {Les} can't borrow kerx

[10:19] {nemo} I just did

[10:20] {Les} well give me some

[10:21] {Les} impression fcx might be bottoming out holding 73

[10:21] {Threei} MGM, want long but can't find safe entry yet

[10:22] {Threei} pullback under .10

[10:22] {nemo} lotta' bids .88 on Kerx

[10:22] {dino} cagc gap fill from feb

[10:26] {dino} cagc sm l .80

[10:26] {nemo} offer .95 kerx

[10:27] {dino} break of .50 fcx les

[10:28] {dino} fcx gap filled feb

[10:29] {Les} missed it. gj

[10:31] {nemo} .95 stop on kerx now?

[10:31] {Threei} just above

[10:31] {nemo} yeah

[10:31] {strider} mgm still a play?

[10:31] {Threei} yes but with market reversal back up

[10:32] {Threei} EUR/USD Moves below 1.3200 level

[10:32] {Threei} KERX baby

[10:32] {strider} BP breaking 48

[10:32] {Threei} good find dp

[10:33] {nemo} look bids .81

[10:33] {dino} fcx stopped -.33

[10:34] {dino} get

[10:34] {Les} out -.03 tried for a bounce

[10:36] {nemo} here comes market bounce

[10:36] {Threei} ugh

[10:36] {Threei} was late to type LVS 25 break alert

[10:36] {Threei} let's see if gives second chance

[10:36] {shorty} Threei, your plan is working for today.

[10:37] {Les} l .02

[10:37] {Threei} I have a plan?

[10:37] {dptl} no data for lvs here lol

[10:37] {shorty} Your book I guess.

[10:38] {Threei} stop under .95 if you took LVS this time

[10:38] {Les} nasty offer .05

[10:39] {Threei} heh

[10:39] {Les} and gone

[10:39] {Threei} 1:2

[10:39] {strider} out BP +.43

[10:39] {Les} ty

[10:40] {Threei} MGM was quite a discretionart one

[10:40] {Threei} was tough to synchronize

[10:40] {shorty} The "hope and fear" thing is a hard one to swap.

[10:40] {Threei} better get rid of both

[10:41] {Threei} see setup - tradesetup

[10:41] {Threei} leave that emotional stuff for that thing

[10:41] {Threei} what's they call it...

[10:41] {Threei} ummm

[10:41] {Threei} oh

[10:41] {Threei} relationship

[10:41] {Les} hehehe marriage...

[10:41] {shorty} I mean after I am in the trade. I hae had to trades today that have gone up more then 40 cents after I got in. But I sold at 1:1

[10:42] {shorty} have two trades

[10:42] {Threei} so?

[10:42] {shorty} Thanks

[10:42] {Threei} did you have any way to read the movement,

[10:42] {Threei} and acted against that read?

[10:42] {Threei} then it's a problem to deal with

[10:43] {Threei} if you had no read and took sure profit, what could possibly be wrong with that

[10:43] {shorty} I had no way of reading the movement. lulu at 39.23 and SVVS at 19

[10:44] {Threei} no crying then,

[10:44] {Threei} but you do realize that you playing exlremely thin stocks?

[10:44] {shorty} Yes

[10:44] {Threei} SVVS is a killer

[10:45] {Threei} LULU is a little better but quite bulimic too

[10:45] {Threei} again, nothing wrong with that'

[10:45] {Threei} as long as you know what they are capable of

[10:45] {Threei} and incorporate it in your trade

[10:45] {shorty} hmmmm

[10:45] {magoo} NLC

[10:45] {magoo} NLC

[10:46] {shorty} ty THreei

[10:46] {Les} cagc trades by appt. out +.08

[10:46] {Threei} no news NLC

[10:46] {dino} gj

[10:46] {Threei} don't know what possessed it

[10:47] {larisa} http://www.cnbc.com/id/36886842

[10:47] {dino} cnbc oil spill, nlc

[10:47] {Threei} ah

[10:47] {dino} solution

[10:47] {Threei} got it ty

[10:48] {Threei} OMNI lost lustre I guess

[10:50] {dino} clh

[10:51] {strider} Data still lagging badly here. Gonna call it quits for the day. Too risky.

[10:51] {Threei} strange

[10:51] {nemo} my data lagging too

[10:51] {Threei} why it's fine here... I am not far from dp

[10:51] {nemo} out kerx here

[10:51] {strider} YOu get special treatment.

[10:51] {dptl} ye bad here too

[10:51] {strider} Vad's "special"

[10:52] {Threei} you are Shaw, dp, right?

[10:52] {RonS} ...new euro lod

[10:52] {dptl} i am in Seattle for some time Vad

[10:53] {strider} For some reason, with bad weather (heavy rains nearby) it seems some nodes get congested.

[10:53] {Threei} oh

[10:53] {dino} call your mayor have him stop the bad weather

[10:53] {Les} you have entered the twilight zone...

[10:53] {strider} It's not here so m uch....in Tennessee.

[10:54] {strider} Some rain here.

[10:54] {nemo} LASER login took extra long today. I'm rebooting it now and it's just hanging

[10:56] {Threei} General Motors Corp Reports April vehicle sales 20% v +7%e; to 183.09K units

[10:57] {Threei} NLC Hearing Jeffries makes cautious comments (timing uncertain) (27.89, +3.16, 12.78%)

[11:07] {Threei} WFC watching for pullback

[11:07] {shorty} Went up in a hurry

[11:07] {Threei} yeah

[11:12] {Threei} FDA comments that prostate cancer drugs could increase risk of diabetes and cardiovascular disease

[11:12] {Threei} - has not confirmed the risk but is studying data on Eligard (QLTI), Lupron (ABT), Trelstar (WPI), Vantas (IDEV), Viadur (BAYN.GE), and Zoladex (AZN)

[11:15] {Threei} Long Setup: LVS .05 if stays above 25

[11:15] {Threei} play for 1:2

[11:17] {dino} get sm l .53

[11:20] {Threei} MATK Study Published in Alzheimer's & Dementia: The Journal of the Alzheimer's Association Shows Algal DHA Improved Memory and Learning in Healthy Adults 55 and Older

[11:20] {Threei} 1:1

[11:21] {Les} 2nd half out .14 ty

[11:21] {Threei} 1:2

[11:21] {Threei} out

[11:22] {Threei} welcome

[11:22] {shorty} 1:2 ty Threei

[11:22] {Threei} that was easy

[11:22] {shorty} It was

[11:22] {Threei} just as I like it

[11:22] {Threei} usually this is where girls start slappping me with various fish

[11:23] {Threei} but patience is still in Thailand,

[11:23] {Threei} vasilisa lost connection from Ukraine

[11:23] {Threei} and larisa is usually sleepy on Mondays

[11:23] {shorty} lol

[11:23] {dptl} ty lvs +.11

[11:23] {Threei} dp :)

[11:24] {Threei} shorty, overcame the "sell too soon" itch on this play?

[11:25] {shorty} Yes I did...lol. Followed your plan

[11:26] {dino} get stopped

[11:27] {dptl} gjeez...stopped kerx

[11:28] {dptl} that was fast...-.17

[11:30] {Les} RTP might be setting up for .50 break. dino trade. back later.

[11:32] {dino} metals crushed on that aussie tax i guess

[11:32] {dino} ferts beat up too

[11:38] {shorty} b/o CIEN Threei?

[11:38] {shorty} .15

[11:39] {magoo} FCX bottom is in imo RISKY

[11:39] {dino} mos sm l .25

[11:39] {Threei} probably shorty,

[11:39] {Threei} but don't expect much

[11:39] {shorty} ty

[11:42] {dino} mfe sm l .50

[11:48] {shorty} What made you say "don't expect much" Threei?

[11:49] {Threei} slow, narrow... just not likely to make a big move

[11:49] {shorty} Thank you.

[11:57] {magoo} RIG could xplode up

[11:57] {magoo} BUT risky

[11:58] {magoo} FCX

[11:58] {magoo} 72.12 when i posted

[11:59] {ese} am i still in

[11:59] {Threei} in what?

[12:00] {Threei} F Reports March vehicle sales 24.7% v 28%e;

[12:00] {ese} on the board...sorry

[12:00] {ese} thought i was cut off again

[12:00] {Threei} lol... yes

[12:03] {shorty} I think I am done for the day. Going take the kids out, it's finally a sunny day today. Might be back. Anyway, thanks Threei

[12:03] {Threei} welcome...

[12:04] {Threei} you mean even snow has melted??

[12:04] {shorty} lol..YES!

[12:04] {Threei} wow

[12:05] {Threei} GS... 50 break

[12:07] {Threei} if stays above .30

[12:09] {Threei} with any market help, target is a dollar move, with partials along the way

[12:09] {ese} in

[12:09] {ese} .51

[12:09] {Threei} no need to say small shares, right?

[12:09] {Threei} it's GS

[12:10] {ese} eggzactly

[12:10] {ese} definitely sm

[12:11] {ese} trades alot more controlled than FSLR thats for sure

[12:12] {ese} stop is .01

[12:13] {Threei} doesn't wat to

[12:14] {ese} no...doesn't does it

[12:14] {ese} may not do it now but it'll break above .50 at some point today

[12:18] {fernp} .

[12:20] {ese} interesting to watch gs trade

[12:21] {ese} well lookie here

[12:21] {Threei} off to races

[12:22] {ese} got to follow martk please

[12:22] {nemo} so, the market will make up everything it lost Friday

[12:22] {Threei} as maniak-dperessove and bipolar as this market has been, easy

[12:22] {ese} that will be interesting

[12:23] {dino} and turnaround tuesday tomorrow

[12:23] {Threei} lol

[12:23] {Threei} that's what bipolar does

[12:23] {ese} finally

[12:23] {ese} daaaaaaaaaaaa

[12:24] {dino} been mondays up, tuesdays down, fridays down

[12:24] {ese} hmmmmmmmm

[12:24] {Threei} which is alreadt a change from former "Monday to Fridat UP"

[12:25] {dino} indeed

[12:26] {dino} seems to be about 1.6% s/p drop then bounce 2% for ndx

[12:27] {ese} out gs .84

[12:27] {ese} +.33

[12:27] {ese} i'll take my 150 clams....tks vad

[12:27] {nemo} those Gulf clams?

[12:27] {ese} nope.....to infected

[12:28] {ese} BC clams

[12:28] {ese} just off of vads dock

[12:28] {Threei} yeah, t'would be sin for us to shop for seafood from anywhere else

[12:28] {ese} egggzactaly

[12:32] {dino} itmn spike

[12:33] {dino} out mos +.65

[12:33] {dino} at .90

[12:36] {dino} fsys blood

[12:39] {Threei} GS really wants to gnaw through that

[12:39] {Threei} did

[12:39] {magoo} in my best danny glover voice " RIGGS"

[12:41] {dino} wow fsys

[12:41] {Threei} FSYS Weakness being attributed to Italian new car registrations for April

[12:41] {Threei} - FSYS stock has been linked to Italian alternative fuel vehicle sales in the past.

[12:41] {Threei} - note too ... (27.34, -4.13, -13.12%) more...

[12:41] {Threei} - note too that FSYS will report earnings on 5/6

[12:42] {dino} thats all i find too

[12:42] {Threei} scalped FSYS

[12:43] {Threei} 27.10 entry

[12:43] {Threei} faster than could say mama

[12:43] {Threei} diaper change time

[12:43] {Threei} dollar move on GS

[12:44] {dino} sm l .50 fsys

[12:45] {Threei} CAL Shareholders reportedly file suit to block tentative merger with UAUA; claims undervalues company (22.90, +0.55, 2.46%) (related UAUA )

[12:47] {dino} out .89, +.39

[12:47] {Threei} we kind of shared this whole move dino

[12:47] {Threei} I took part from .10 to .50, you from .50 to .80

[12:47] {Threei} fair, half'n'half

[12:48] {dino} :D

[12:48] {Threei} to .90, sorry

[12:49] {dino} glad i could be of assistance

[12:49] {Threei} you mean you bought from me?

[12:49] {Threei} nah

[12:50] {dino} just the alert on it

[12:50] {dino} out mfe .86, +.36

[12:51] {dino} out cagc .99, +.19

[12:51] {Threei} wtg

[12:52] {dino} ty

[12:52] {dino} early mornings hurting me, later better

[12:54] {Les} what's up

[12:54] {Threei} market

[12:54] {Les} and so is uncle buck

[12:54] {Les} what give

[12:54] {Les} s

[12:54] {Threei} why not

[12:55] {Threei} buck goes up on Europe weakness

[12:55] {Threei} market goes up despite Europe weakness

[12:55] {Threei} seems perfectly logical to me

[12:55] {Les} sounds good

[12:56] {Threei} any market commentator has this template

[12:56] {Threei} "beacuse" and "despite" are interchangable in it

[12:56] {Threei} so they just throw in the event and depending on UP or DOWN oinsert because or despite

[12:57] {Threei} and sound incredibly smart

[12:57] {Threei} EU) ECB's Bini Smaghi: EU Stability pact should be revised to include stronger economic governance

[12:58] {Threei} GD Secretary of Defense Gates reportedly questions need for multi-billion dollar Marine landing craft project by General Dynamics (77.24, +0.88, 1.15%)

[12:58] {Les} ok. used to inverses correlation

[12:59] {magoo} RIGGS

[13:03] {magoo} out RIG hgere .52, + 1.52

[13:04] {magoo} [11:58] {magoo} RIG could xplode up

[13:04] {dino} gj

[13:05] {magoo} [12:39] {magoo} in my best danny glover voice " RIGGS"

[13:06] {Threei} (IR) Ireland Officials: additional flight ban could be possible due to volcanic ash; could impose new no fly zone tommorow (related RYAAY BAY.UK )

[13:15] {Les} DNDN

[13:25] {ese} gotta go.......tks vad for GS.....cya tomorrow

[13:26] {shorty} Bye ese

[13:26] {Threei} take care ese

[13:33] {Les} WFC read vad?

[13:34] {Threei} not really

[13:35] {Les} sorry, bit premature

[13:47] {shorty} I will see you guys tomorrow.

[13:47] {Les} ciao shorty

[13:51] {Threei} take care shorty

[13:51] {Les} rig squeeze

[13:53] {magoo} BP RIG xploding

[13:53] {magoo} no pun intended

[13:53] {Threei} NLC Comments on Gulf oil spill; To date sales related to dispersants have not had a material financial impact on the company (26.62, +1.89, 7.64%)

[13:58] {Les} bhp trying to negotiate 200ma resistance here. looking for long entry

[14:00] {Les} l bhp .16 small

[14:02] {magoo} RIg green

[14:02] {Les} damn rig shook me out good

[14:03] {Threei} GET Reports Q1 R$217M v $212M y/y (30.11, -3.64, -10.79%)

[14:04] {Les} l GET 30 small

[14:05] {Threei} Reports Q1 -$0.04 v -$0.05e

[14:05] {Threei} GET Hearing Raymond James upgrades rating (timing uncertain) (30.00, -3.75, -11.11%)

[14:11] {dino} get flood issues, pulls guidance

[14:13] {Threei} wow BP

[14:14] {magoo} yup..u are correct

[14:14] {Threei} BP Strength attributed to speculation that BP will be able to curtail the multiples leaks from Horizon well project quicker than previously believed (50.46, -1.69, -3.24%) (related CAM RIG OIH )

[14:15] {Les} Mags?

[14:15] {Les} you start that rumour?

[14:15] {Threei} lol

[14:15] {magoo} i thought vad was gonna say" i bet magoo killing it"

[14:16] {magoo} which i have been...

[14:16] {Threei} .40 break

[14:16] {magoo} [14:13] {&Threei} wow BP

[14:16] {Threei} if holding .30

[14:16] {magoo} [14:14] {magoo} yup..u are correct

[14:16] {nemo} what stock vad?

[14:16] {dino} fire l .65

[14:18] {Threei} out .60

[14:18] {Threei} too soon?

[14:19] {Threei} - one company official is cited as saying today that one of the three leaks may be sealed with a cut off valve, while the two larger leaks could be capped with containment domes within the next two weeks.

[14:19] {Threei} yeah, too soon

[14:21] {Les} out bhp +.32

[14:22] {Threei} cool beans

[14:22] {Threei} all slackers who left early will be crying tomorrow

[14:22] {Les} unfortunately not yet a squeeze candidate like I was hoping

[14:23] {Les} GET is a dog. GO ON, GET!

[14:23] {Threei} it doesn't hunt

[14:23] {Threei} leave it slone

[14:24] {Threei} alone too

[14:24] {chris} Hey Vad..I finally made it work

[14:24] {Threei} hey Chris!

[14:24] {chris} how was the weekend?

[14:24] {Threei} guidance overwhelms earnings, les

[14:25] {Threei} dcc chris

[14:25] {Les} alright. will hunt elsewhere. out flat

[14:27] {dino} get has to shut down for couple months, flooded

[14:28] {Les} ok. kept 100 shares. got 50ma slowly pushing it up. let's see

[14:31] {dino} dv sm l .50

[14:33] {dptl} Vad, phh breakdown?

[14:34] {Threei} worth a try but don't count on much

[14:34] {dptl} ty....did't get it

[14:36] {dptl} pfg breakout?

[14:37] {Threei} nah

[14:39] {Les} nope. GET is a dog

[14:39] {Threei} with fleas

[14:42] {Les} CAL closing in on 23 for another go

[14:43] {Les} HAL hod break vad?

[14:43] {Threei} not my play

[14:43] {Threei} double top is just as likely

[14:44] {Les} ok. big stop as well

[14:47] {Les} dndn coming down

[14:49] {Les} s dndn .69 sm. averaging in

[14:54] {dino} out fire +.38

[14:54] {Threei} wtg

[14:56] {dino} ty

[14:58] {Threei} XRX ACS Signs $1.6B California Medicaid Contract

[14:59] {Threei} BP is serious

[15:06] {Threei} nice pullback

[15:08] {Les} nice pullback on rig

[15:08] {Threei} BP Spokesperson: No change in oil flow detected at the spill site; same since yesterday (49.89, -2.26, -4.33%)

[15:09] {nemo} bp DT'd at the 200 ma

[15:09] {Threei} i2r!

[15:10] {i2romantis} Hey Vad! good to be back, decided to get back in the game sooner

[15:10] {Threei} cool beans

[15:11] {Threei} BP

[15:11] {Threei} .65 break if holding .50

[15:12] {Threei} 1:1 in a blink of eye

[15:12] {nemo} it was gone by the time I looked

[15:13] {Threei} 1:2

[15:14] {Threei} I am outta there

[15:14] {Threei} scary thing

06[15:14] * Threei slaps magoo around a bit with a large roll of cash

06[15:14] * Threei slaps jfjf64 around a bit with a large roll of cash

[15:17] {jfjf64} lol

[15:17] {jfjf64} too fast 4 me

[15:20] {Threei} getting slow at your old age?

06[15:21] * Threei is hiding under nearest rock

06[15:21] * Threei notices it took him 3 minutes to react

[15:21] {Threei} wow, now what

[15:22] {jfjf64} hmm

[15:23] {dino} jupiter ins. co., bp's insurer is 100% owned by bp, real$.com

[15:23] {RonS} BP Says It 'Significantly' Cut Flow Of Oil From Damaged Rig Report 05/03 01:21 PM

[15:25] {RonS} ...that was from DJ...

[15:26] {Threei} market had very brief reaction

[15:26] {Threei} I guess starts getting tired

[15:26] {Threei} needs something more solid than minute by minute hedlines

[15:26] {RonS} clf dive...

[15:26] {nemo} nice ron

[15:27] {nemo} look how low volume today

[15:27] {dino} have to go early today, thx all

[15:27] {Threei} with all this hoopla I missed this:

[15:27] {Threei} ABK Regains Compliance with NYSE Minimum Share Price Listing Requirement (1.43, -0.08, -5.30%)

[15:27] {Threei} take care dino'

[15:27] {dino} will do

[15:28] {nemo} I have to head out in a few also

[15:28] {Threei} slackers

[15:28] {nemo} hardly

[15:28] {Threei} slacker flood

[15:28] {nemo} I'm going to work

[15:28] {Threei} slackerfest

[15:28] {Les} ? you got a real job nemo?

[15:29] {nemo} part-time

[15:29] {nemo} sell non-pc merchandise

[15:29] {Threei} it gives him a great opportunity to laugh and point fingers at me on my losing days

[15:29] {nemo} ?

[15:29] {Threei} "you haven't made anything today?? HAH!"

[15:30] {nemo} ?

[15:30] {Threei} sigh

[15:30] {Threei} never mind

[15:30] {Les} should merchandise be politically correct? pc?

[15:30] {nemo} ?

[15:30] {Threei} GS Reportedly Goldman Sachs gets subpoena related to alleged insider trading at Galleon (update) (148.57, +3.37, 2.32%)

[15:30] {Les} non-pc merchandise

[15:31] {Les} go and take your bloody medication

[15:31] {nemo} ?

[15:31] {dptl} lol

[15:31] {Threei} - reminder: on 4/23, WSJ reported that a Goldman director tipped off Galleon's Raj Rajaratnam about the impending investment in Goldman by Buffet's Berkshire in 2008.

[15:32] {Threei} ABK reacts

[15:41] {Threei} nice fat pullback would be appreciated on ABK

[15:41] {Threei} to about 1.55

[15:49] {dptl} good evening all....see ya,tomorrow

[15:49] {Threei} take care dp

[15:56] {Threei} ok guys, thank you all

[15:56] {Threei} have a good evening

[15:57] {Threei} see you tomorrow