Apr 27 2010

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

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

[08:05] {magoo} mornink comrades

[08:35] {Threei} X

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

[08:36] {Threei} UAUA

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

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

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

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

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

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

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

[08:43] {dptl} good morning

[08:43] {Threei} dp :)

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

[08:43] {Threei} but of course

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

[08:50] {ese} morning

[08:50] {Threei} ese :)

[08:50] {nemo} dude

[08:51] {ese} dude

[08:54] {shorty} Good morning

[08:54] {ese} shorty

[08:54] {Threei} shorty :)

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

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

[08:57] {Threei} lol

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

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

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

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

[08:58] {shorty} ty Threei

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

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

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

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

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

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

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

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

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

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

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

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

[09:10] {larisa} gm :)

[09:10] {Threei} larisa :)

[09:11] {shorty} gm

[09:11] {fernp} Good morning everybody

[09:11] {Threei} fern :)

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

[09:11] {RonS} gm all

[09:11] {Threei} ron :)

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

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

[09:12] {Threei} I did

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

[09:12] {dino} gm all

[09:12] {Threei} dino :)

[09:12] {shorty} lol

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

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

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

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

[09:24] {lasertrev} good morning

[09:24] {Threei} trev :)

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

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

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

[09:29] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:31] {magoo} rimm trying

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

[09:31] {Les} morning

[09:31] {Threei} les :)

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

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

[09:32] {magoo} GS spike

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

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

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

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

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

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

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

[09:38] {Les} my bad

[09:38] {Les} ty

[09:39] {Threei} WFC

[09:39] {Threei} interestingly strong

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

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

[09:41] {Threei} no

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

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

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

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

[09:44] {Threei} half out WFC

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

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

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

[09:47] {Threei} yes

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

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

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

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

[09:48] {Threei} lol

[09:48] {Les} stopped

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

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

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

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

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

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

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

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

[09:54] {nemo} Brooke Burke

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

[09:54] {dino} i wish

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

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

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

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

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

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

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

[10:00] {Threei} no really?

[10:00] {Threei} how soon?

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

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

[10:01] {dino} gj les

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

[10:03] {magoo} AIG interesting vad

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

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

[10:06] {Threei} no

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

[10:06] {Threei} look HLIT daily

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

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

[10:07] {Threei} not sure fern

[10:07] {Threei} probably

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

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

[10:07] {fernp} true

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

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

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

[10:08] {jfjf64} lk

[10:09] {jfjf64} hold .25

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

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

[10:09] {jfjf64} ty

[10:09] {dino} nty

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

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

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

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

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

[10:13] {Threei} look cnn

[10:14] {Threei} jeez

[10:14] {Threei} saw that?

[10:14] {Threei} .27 fern

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

[10:15] {magoo} FTBK at it

[10:15] {fernp} ty

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

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

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

[10:16] {Threei} smoke bomb

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

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

[10:16] {Threei} totally

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

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

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

[10:22] {Threei} wtg

[10:22] {shorty} nice guys

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

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

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

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

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

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

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

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

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

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

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

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

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

[10:25] {Threei} 7.10 is it

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

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

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

[10:26] {fernp} yes nemo

[10:27] {dino} kangaroo court

[10:27] {nemo} stage show

[10:28] {magoo} GRAN

[10:28] {magoo} GRAN

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

[10:30] {magoo} a nutso one

[10:30] {magoo} gran

[10:31] {magoo} vad news?

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

[10:31] {larisa} merger rumor

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

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

[10:32] {magoo} ty lar

[10:33] {Threei} np

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

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

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

[10:38] {magoo} hooker spread dio

[10:38] {magoo} dino

[10:38] {dino} indeed

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

[10:39] {dino} tiger would

[10:39] {nemo} bad

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

[10:41] {Threei} lol

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

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

[10:42] {jfjf64} strong gs lol

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

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

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

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

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

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

[10:43] {magoo} gotcha:)

[10:44] {Threei} lol

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

[10:45] {jfjf64} gnw ready

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

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

[10:47] {nemo} never

[10:47] {nemo} JF

[10:47] {Les} bon

[10:47] {nemo} cest bon

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

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

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

[10:52] {jfjf64} 1/1

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

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

[10:57] {strider} dcc trev.

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

[10:57] {fernp} breakdown?

[10:57] {Threei} I hink so

[10:58] {fernp} ty

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

[10:58] {Threei} or 36

[10:58] {Threei} both are valid

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

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

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

[11:04] {Raven} they want volume

[11:04] {Threei} oh wait

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

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

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

[11:04] {Raven} lol

[11:06] {dino} sllllllllllaaaaaaaaaaaappppppppppppppp

[11:07] {Raven} lol

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

[11:07] {nemo} ?

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

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

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

[11:07] {RonS} mos murder

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

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

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

[11:13] {Les} ok

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

[11:14] {strider} MOS

[11:15] {Threei} HD nice dive

[11:15] {fernp} out ty Vad

[11:15] {Threei} :)

[11:17] {strider} sh MOS 51

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

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

[11:20] {Threei} .20 break

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

[11:21] {ese} in .18

[11:23] {ese} stopped .24

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

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

[11:23] {Threei} wrong

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

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

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

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

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

[11:24] {Threei} wait..

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

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

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

[11:24] {shorty} covered .12

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

[11:25] {ese} hmmmmmmm

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

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

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

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

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

[11:26] {shorty} ty Threei

[11:26] {nemo} out mos 59

[11:26] {nemo} .59

[11:26] {Threei} MOS beauty

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

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

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

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

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

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

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

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

[11:29] {magoo} ugly out there

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

[11:29] {Les} some knifecatching

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

[11:30] {magoo} F destroyed

[11:30] {Threei} AIG

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

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

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

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

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

[11:31] {Threei} 1:2

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

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

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

[11:32] {Threei} welcome guys

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

[11:32] {magoo} NICE vad

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

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

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

[11:32] {nemo} yep

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

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

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

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

[11:32] {Les} less fear

[11:32] {Les} more calculation

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

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

[11:33] {larisa} exactly :)

[11:34] {Threei} hehe

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

[11:34] {shorty} nice one Les

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

[11:35] {shorty} I would

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

[11:35] {magoo} LES WAITTTTTTTTTTTTTTTTTTTTT

[11:35] {Les} duck

[11:35] {Threei} lol

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

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

[11:35] {Threei} take care Lesa

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

[11:40] {Threei} true

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

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

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

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

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

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

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

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

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

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

[11:43] {RonS} nok knocked

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[12:00] {dino} today

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

[12:01] {Threei} oh yes

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

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

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

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

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

[12:02] {Threei} on market closings

[12:02] {larisa} lol

[12:02] {dino} a bit biased

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

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

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

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

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

[12:05] {dino} thats my point

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

[12:05] {dino} slippery slope

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

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

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

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

[12:08] {fernp} yes

[12:08] {fernp} ty

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

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

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

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

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

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

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

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

[12:15] {dino} fcx blood

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

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

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

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

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

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

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

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

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

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

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

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

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

[12:35] {Threei} 1:1

[12:36] {Threei} half out

[12:36] {Threei} .83

[12:36] {nemo} fcx went too

[12:36] {shorty} out ty

[12:37] {Threei} yw

[12:37] {nemo} yes, ty

[12:37] {Threei} sure thing

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

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

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

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

[12:38] {Threei} lol

[12:38] {jfjf64} lol

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

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

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

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

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

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

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

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

[12:41] {Threei} second target hit

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

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

[12:43] {jfjf64} ya da man

[12:43] {jfjf64} ty

[12:43] {nemo} yada man?

[12:43] {Threei} welcome kind sir

[12:43] {Threei} not you nemo

[12:43] {nemo} wrong species

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

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

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

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

[12:45] {jfjf64} LUV ITTTTTTTTTTTTTTTTTT

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

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

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

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

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

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

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

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

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

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

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

[13:03] {jfjf64} think

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

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

[13:06] {dino} react

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

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

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

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

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

[13:20] {magoo} hate that one

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

[13:20] {Threei} 3 times

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

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

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

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

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

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

[13:21] {Threei} lol

[13:21] {Threei} really

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

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

[13:22] {jfjf64} lol

[13:22] {Threei} slapfest

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

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

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

[13:23] {Threei} lol

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

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

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

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

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

[13:24] {jfjf64} what nemo get

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

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

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

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

[13:25] {Threei} wropng one

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

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

[13:25] {dino} feeling left out

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

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

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

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

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

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

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

[13:25] {dino} lol

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

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

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

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

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

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

[13:29] {fernp} thank you guys

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

[13:29] {fernp} i know

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

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

[13:30] {jfjf64} nothin is

[13:30] {fernp} forever?

[13:30] {fernp} lol

[13:31] {jfjf64} lol

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

[13:31] {Threei} ceased too

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

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

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

[13:34] {Threei} no firmn read

[13:34] {Threei} firm

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

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

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

[13:36] {RonS} nice dino

[13:38] {dino} ty

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

[13:43] {shorty} jfjf64

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

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

[13:45] {shorty} Bye ese

[13:45] {ese} se ya shorty

[13:47] {jfjf64} hey shorty

[13:48] {jfjf64} see ya

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

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

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

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

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

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

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

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

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

[13:54] {shorty} SMA?

[13:55] {dino} y

[13:55] {dino} nty

[13:57] {dino} dsw

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

[13:59] {dino} pega lod

[14:04] {dino} air pocket

[14:11] {Threei} UAUA

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

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

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

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

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

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

[14:36] {Threei} oo thin

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

[14:36] {shorty} ty

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

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

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

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

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

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

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

[14:55] {jfjf64} gld

[14:56] {jfjf64} 2010 high

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

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

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

[15:18] {dino} lol

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

[15:20] {dptl} good evening all

[15:20] {RonS} cya dp

[15:20] {Threei} take care dp

[15:20] {shorty} Bye dptl

[15:20] {fernp} bye dp

[15:24] {dino} cya dp

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

[15:29] {shorty} out +7

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

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

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

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

[15:30] {larisa} lol

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

[15:30] {shorty} lol

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

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

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

[15:35] {dino} cagc stopped

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

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

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

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

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

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

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

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

[15:48] {Threei} lol

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

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

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

[15:49] {Threei} take care fern

[15:49] {shorty} Byr fernp

[15:49] {shorty} Bye

[15:49] {Threei} too late

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

[15:50] {shorty} lol

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

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

[15:51] {Threei} yeah

[15:51] {Threei} shrug

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

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

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

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

[15:53] {Threei} thank you all

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

[15:53] {Threei} see youi tomorrow

[15:54] {larisa} bye :)

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

[15:56] {dino} -2.6 ndx

[15:57] {Threei} very nice selloff

[15:57] {Threei} we needed that

[15:57] {Threei} and hopefully more

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

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

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

[16:00] {Threei} I know

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

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

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

[16:01] {Threei} eqzaktly

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

[16:02] {Threei} and tried already

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

[16:02] {dino} bwld

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

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

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

Apr 19 2010

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

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

[02:40] {KSystems} Guten Morgen!

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

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

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

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

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

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

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

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

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

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

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

[08:34] {Les} touché

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

[08:38] {fernp} Good morning everybody

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

[08:39] {Threei} fern :)

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

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

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

[09:03] {ese} morning

[09:04] {Threei} ese :)

[09:05] {dptl} good morning

[09:05] {Threei} dp :)

[09:07] {nemo} gm

[09:08] {Threei} nemo :)

[09:11] {dino} gm all

[09:11] {Threei} dino :)

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

[09:13] {RonS} gm gents

[09:14] {Threei} Ron :)

[09:14] {ese} ron

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

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

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

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

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

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

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

[09:15] {dino} bad print

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

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

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

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

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

[09:22] {lasertrev} morning

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

[09:22] {Threei} trev :)

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

[09:23] {shorty} good morning all

[09:23] {Threei} shorty :)

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

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

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

[09:26] {dino} gs

[09:27] {Threei} dino :)

[09:27] {Threei} lol ese

[09:27] {ese} ahhhhhhhh

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

[09:28] {Threei} skipping first minutes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[09:36] {nemo} wrist

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

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

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

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

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

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

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

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

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

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

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

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

[09:40] {dino} pot 106

[09:41] {dino} ferts stinking again

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

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

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

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

[09:43] {fernp} ok

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

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

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

[09:44] {Threei} FCX for instance

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

[09:44] {Threei} 80 break

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

[09:48] {Threei} nope

[09:50] {Threei} ARBA lkooks salmonish

[09:50] {dino} all green

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

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

[09:52] {Threei} wow ARBA

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

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

[09:54] {Threei} out half

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

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

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

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

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

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

[09:56] {Threei} GS dropping

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

[09:56] {shorty} nice dino

[09:56] {dino} ty

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

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

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

[09:58] {Threei} stop

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

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

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

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

[10:03] {Threei} LEN

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

[10:04] {Les} awiav?

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

[10:04] {shorty} That was fun

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

[10:06] {Threei} getting pullbacks finally

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

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

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

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

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

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

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

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

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

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

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

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

[10:16] {Threei} two sided setup

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

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

[10:18] {fernp} stopped BAC

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

[10:21] {Threei} I doubt it

[10:22] {Les} aig

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

[10:23] {magoo} morn

[10:23] {Threei} mags

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

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

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

[10:24] {Threei} breakout is toughie

[10:24] {Les} ahh ok

[10:25] {Threei} true ese

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

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

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

[10:28] {Threei} rather triangle

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

[10:29] {Threei} not really

[10:29] {Les} ok ty

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

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

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

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

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

[10:34] {Threei} not really shorty

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

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

[10:34] {Les} ty Ron

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

[10:35] {ese} beer

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

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

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

[10:38] {ese} see ya shorty

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

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

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

[10:38] {dino} titn out fLAT

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

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

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

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

[10:40] {Les} spy

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

[10:46] {Threei} LVS

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

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

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

[10:48] {Threei} yes

[10:48] {Threei} nice looking one

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

[10:49] {fernp} ty

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

[10:52] {RonS} .ndx lod

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

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

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

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

[10:59] {Threei} SQNM nice reaction

[10:59] {dino} mos db maybe

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

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

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

[11:05] {Les} stopped abk

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

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

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

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

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

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

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

[11:11] {Threei} or 5.10

[11:11] {Les} ok

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

[11:12] {Les} not shortable

[11:12] {Threei} it is here

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

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

[11:13] {Les} beautiful breakdown

[11:13] {Threei} very

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

[11:15] {fernp} :-)

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

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

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

[11:17] {Threei} FCX, LVS

[11:18] {Threei} WFC

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

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

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

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

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

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

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

[11:24] {Threei} ok market

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

[11:24] {Threei} here we go

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

[11:27] {nemo} stop

[11:27] {Threei} ugh

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

[11:27] {fernp} stopped LVS

[11:28] {Les} aig 39

[11:28] {nemo} market is changing

[11:29] {Threei} LVS rinse

[11:29] {fernp} yes

[11:30] {Threei} grrr

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

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

[11:33] {Threei} wtg

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

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

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

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

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

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

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

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

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

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

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

[11:37] {Threei} shorted breakdown?

[11:37] {fernp} 45.04

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

[11:38] {Threei} hmm?

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

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

[11:38] {nemo} his head

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

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

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

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

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

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

[11:42] {Les} hehehe

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

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

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

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

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

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

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

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

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

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

[11:59] {dino} bucy blood

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

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

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

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

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

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

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

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

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

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

[12:08] {Threei} lol

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

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

[12:10] {Les} oh

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

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

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

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

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

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

[12:12] {Threei} 52

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

[12:13] {Threei} no bounce

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

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

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

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

[12:14] {Les} agreed

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

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

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

[12:16] {Les} k

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

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

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

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

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

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

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

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

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

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

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

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

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

[12:21] {fernp} unemployment

[12:21] {fernp} is very high

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

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

[12:21] {Threei} and WFC

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

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

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

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

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

[12:24] {Threei} not sure mags

[12:24] {Threei} 50/50

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

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

[12:25] {Threei} maybe .60

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

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

[12:26] {Threei} no clarity

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

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

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

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

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

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

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

[12:31] {Threei} AIG invalidated

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

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

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

[12:38] {Threei} mags

[12:38] {magoo} yes?

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

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

[12:38] {Threei} and maybe jf

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

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

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

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

[12:39] {Threei} or take scalp

[12:39] {Threei} your choice

[12:39] {dino} dji rally

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

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

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

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

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

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

[12:41] {Threei} where is larisa

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

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

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

[12:44] {Threei} +.50

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

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

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

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

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

[12:46] {Threei} out .75

[12:46] {Threei} +.85

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

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

[12:46] {Threei} :)

[12:46] {magoo} perfect really

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

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

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

[12:47] {magoo} magoo runs

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

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

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

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

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

[12:49] {Threei} +.25

[12:49] {fernp} gj Vad

[12:49] {Threei} ty kind sir

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

[12:50] {Threei} back

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

[12:51] {dino} gj

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

[12:51] {Threei} ty dino

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

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

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

[12:52] {Threei} look at intraday

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

[12:56] {Les} y

[12:59] {Threei} out

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

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

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

[13:02] {Les} :D

[13:03] {Les} tough crowd today

[13:03] {Les} spy

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

[13:03] {dino} same les

[13:03] {Les} fas

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

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

[13:05] {fernp} agree

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

[13:05] {fernp} ok, ty

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

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

[13:07] {ese} and dino

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

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

[13:09] {dino} :s

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

[13:10] {dino} evolution, lol

[13:10] {dino} klic gap fill

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

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

[13:16] {Threei} not this time

[13:16] {fernp} no go

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

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

[13:19] {fernp} ok

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

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

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

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

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

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

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

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

[13:25] {Les} half .50

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

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

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

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

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

[13:31] {Les} ok

[13:33] {Les} stopped gs

[13:35] {magoo} AIG

[13:37] {magoo} fcx next

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

[13:37] {Threei} no

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

[13:38] {Threei} here it is

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

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

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

[13:40] {magoo} RON is corret

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

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

[13:40] {RonS} USSRofA

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

[13:41] {Les} or seeks it

[13:43] {Threei} unfreakinbelieavble

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

[13:44] {Threei} laws are reversible

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

[13:46] {magoo} :)

[13:46] {Threei} good job guys

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

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

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

[13:48] {Threei} great to hear

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

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

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

[13:54] {ese} patience grasshopper patience

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

[13:55] {magoo} its pummeled

[13:56] {Threei} no report

[13:57] {Threei} no news

[13:57] {Threei} Lehman issues subpoenas to other financial firms as part of investigation into the cause of Lehman's collapse, including who may have been shorting the stock - CNBC

[13:57] {Threei} - Lehman subpoenas issued to ifirms including Goldman Sachs Group Inc., SAC Capital Advisors LP, Greenlight Capital Inc. and Citadel Investment Group LLC.

[13:57] {RonS} mags, you do know that Shanghai was down approx 4.5% last night?...

[14:04] {Threei} [IMMU] Reports Progress on Antibody-Drug Conjugate Development at Cancer Meeting

[14:04] {ese} L nvda .56

[14:11] {magoo} .

[14:11] {Threei} GM GM to repay $4.7B in govt loans well before June 1 target date - CNBC

[14:13] {Threei} nice entry ese

[14:14] {ese} tks

[14:16] {dino} gj

[14:16] {dino} fdx sm l .20

[14:19] {ese} wonder if it can hit 17

[14:21] {fernp} MEE is happy

[14:22] {Threei} I would say "we too are happy for YOUUUU", but noone appreciates my sense of humor today

[14:22] {fernp} lol

[14:23] {Threei} thank you

[14:23] {fernp} yw

[14:26] {Threei} if we close in green today and no new shocking news come out, I will be convinced of rally resumption

[14:28] {ese} out 1/2 5k .76 +.20 and change

[14:29] {Threei} wtg

[14:29] {magoo} GS big level 160

[14:29] {ese} out in full 5k more +.19

[14:31] {dino} gj es

[14:34] {magoo} GS

[14:36] {dino} giddy-up

[14:36] {Threei} I think things change folks

[14:36] {Threei} Fri shock wears off

[14:36] {RonS} from Market watch at 2:32: Investors grew more confident the fallout from U.S. regulators' charging Goldman Sachs (GS:$161.15,00$0.45,000.28%) might not be as widespread for gold and gold funds as initially feared, said Stephen Platt, an Archer Financial Services commodity analyst in Chicago.

[14:36] {Threei} market doesn't feel it's a reason for reversal anymore

[14:37] {Threei} and think of it:

[14:37] {Threei} over the weekend we had GS, China RE tightening and Europe airlines disaster

[14:37] {Threei} if we can close in green after all that, or even contain losses to insignificant nnumbers...

[14:38] {Threei} I'd say bears are back in thw world of suffering

[14:39] {dino} dropped roughly 2% on s/p, 2.5% ndx

[14:40] {dino} dai

[14:40] {dino} $4+ dai

[14:46] {Threei} The Goldman Sachs Group Inc Shares move into positive territory for the day after unconfirmed report circulates that the SEC's decision to move forward on charges was split 3-2 along political party lines

[14:46] {Threei} - Vote had Shapiro siding with the Democratic side; 3-2

[14:48] {dino} right now gs is saying, "how much to make this go away"

[14:49] {Threei} in my mind it's a bit different: GS saying "take whatever we offer now, or we will fight this for real and win - then you get nothing"

[14:49] {magoo} GS reports tomorrow a.m

[14:50] {Threei} yeah

[14:51] {magoo} could squeeze

[14:51] {Threei} imo... it will

[14:51] {magoo} 165 area

[14:53] {RonS} Ready to rock your world: http://www.dailymail.co.uk/news/worldnews/article-1267262/Iranian-cleric-Women-wear-revealing-clothing-cause-earthquakes.html

[14:54] {Threei} I believe it

[14:55] {magoo} im in GS 159.60

[14:55] {magoo} looking for squeeze

[14:55] {Threei} maybe lately this connection became less pronounced but I distnictively remember in my youth the earth shaking when thos erevealing clothes walked by

[14:57] {Threei} LVS

[14:58] {dino} out mos +.48

[14:58] {dino} out mos +.43

[14:58] {ese} gotta go....see you tomorow

[14:58] {Threei} if SPY breaks this resistance, LVS become .70 break lonmg

[14:58] {Threei} take care ese

[14:59] {dino} cya es

[15:00] {Les} haven't been able to get a toehold in gs. lots of shakeouts

[15:00] {magoo} i gave u the perfect entry 160

[15:01] {Les} yeh can see need to take trading out of house somewhere in the future

[15:01] {Les} been putting kids to bed

[15:01] {dino} out fdx .60, +.35

[15:01] {dino} back in ten

[15:01] {dino} opps, that was +.40

[15:06] {Threei} LVS over 1:1

[15:06] {Threei} nice to be on the right side of things today

[15:07] {magoo} i should put in a MOC sell vad

[15:07] {Threei} MOC?

[15:07] {magoo} mark on close

[15:07] {Threei} over 1:2 LVS

[15:07] {Threei} oh

[15:12] {shorty} Back, I assume I missed a good day?

[15:12] {Threei} quite

[15:13] {shorty} Had a fun day though.

[15:17] {magoo} resistance is 163..166..185

[15:18] {Threei} lol

[15:18] {Threei} eternal optimist

[15:18] {magoo} im in..this is live ciommentary

[15:22] {fernp} Good evening everybody. See you all tomorrow

[15:22] {Les} ciao fern

[15:22] {shorty} bye fernp

[15:22] {RonS} cya fern

[15:22] {Threei} take care fern

[15:22] {magoo} out 162.84

[15:23] {magoo} plus alot

[15:23] {magoo} 3.24 on 1200 shares

[15:23] {Les} not shabby

[15:23] {Threei} wtg

[15:23] {magoo} gonna looki to reload

[15:23] {shorty} wow

[15:25] {magoo} my type of trade

[15:25] {magoo} mojo..momo

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

[15:25] {Threei} actually, let me correct that

[15:25] {magoo} see the 163 resistance vad?

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

[15:25] {Threei} there

[15:26] {Les} got in a couple of times but not green for it. your 160 break was it.

[15:26] {Threei} don't go for 163 break mags

[15:26] {Threei} total gamble this time

[15:26] {Threei} profit taking at the eod is just as likely as short squeeze

[15:26] {Threei} if you seriously weant it, take small shares

[15:27] {Threei} but above all, preserve your profits

[15:27] {magoo} ya ya agree

[15:27] {shorty} what stock did you trade magoo?

[15:27] {magoo} slap him vad

[15:27] {Threei} look how much you made today, think how much you can give back without regret

[15:27] {magoo} i put the entire trade call in real time'

[15:27] {Threei} and decide that you don't go home with less than X

[15:28] {Threei} GS shorty

[15:28] {Les} tis a nice squeeze

[15:28] {dino} 30 minutes magoo, thats all

[15:28] {shorty} thanks

[15:30] {nemo} gotta' go, c u guys tomorrow

[15:30] {Threei} take care nemo

[15:30] {Les} ciao

[15:30] {RonS} cya nemo

[15:30] {dptl} good evening all

[15:30] {shorty} bye nemo

[15:31] {dino} cya =nemo, dp

[15:31] {Les} Is Nemo sick? why is he so quiet?

[15:31] {shorty} lol

[15:31] {Threei} bye dp

[15:32] {shorty} bye dptl

[15:32] {magoo} in 00 out .51

[15:32] {Threei} wtg

[15:33] {shorty} had a good day magoo?

[15:33] {magoo} ya ya

[15:33] {magoo} i get in a zone sometimes

[15:33] {magoo} can feel it

[15:33] {shorty} awesome, I hope to get there one day.

[15:34] {Threei} good is understatement of the week

[15:34] {Threei} mags killed it

[15:34] {magoo} took alot of pain

[15:34] {shorty} I love it.

[15:34] {Les} well if we could get a paging system happening here, I'd like to be in it too...

[15:34] {Threei} well mags, that's because you have different philosophy than I do

[15:34] {magoo} i mean, to get the feel...alot of hard lessons

[15:34] {Threei} yours is no pain no gain

[15:34] {Threei} mine is, no pain? Good!

[15:35] {Les} "Les....calling Les to GS please"

[15:35] {magoo} no vad...its more like "let a winner..WIN"

[15:35] {magoo} u more like"take the profit..u cant lose"

[15:36] {shorty} I have a hard time with letting a winner win, I get jittery.

[15:36] {Les} http://www.spiegel.de/fotostrecke/fotostrecke-53971-20.html

[15:36] {dino} lol, more like live by the sword....

[15:36] {Les} haven't been able to get sunset like this yet

[15:36] {magoo} but ironically, we all let a loser crush us

[15:36] {magoo} which is the opposite

[15:36] {RonS} http://www.genevainternational.org/thumbs/foto2.jpg

[15:36] {magoo} except vad of course

[15:36] {magoo} qand dino

[15:37] {magoo} and dino

[15:37] {shorty} RonS, is that LEs?

[15:37] {dino} die by it

[15:37] {magoo} hes good stopper

[15:37] {Threei} no mags, I am all for letting them run, I jusy want to partial on the way

[15:37] {Threei} and protect profit

[15:37] {Threei} I hate letting profit turn into loss

[15:37] {shorty} Me too Threei

[15:37] {Threei} once it exceeds certain amount, I will keep it like bulldog the intruder's ankle

[15:38] {dino} we are all different, million ways, but i'm w/you on a profit going to loss, can't stand it

[15:38] {Threei} yeah, it's like slap in the face

[15:38] {magoo} slap?????

06[15:38] * magoo slaps Threei around a bit with a large trout

[15:38] {shorty} lol

[15:38] {Threei} lol

[15:39] {Threei} you saw me with GS today, +.50, .85 and tried to let the last one run, didn't even take full dollar

[15:40] {magoo} yours was a beauty vad

[15:40] {Threei} ty

[15:41] {magoo} your timing was perfect..straight up

[15:41] {Threei} that's how I like them... easy moneyh, no struggle

[15:41] {magoo} mine was straight up too tho

[15:44] {Threei} some profit takeing

[15:44] {Threei} not too much so far

[15:51] {Threei} Follow Up: Weber suggests Greece could ultimately need approx 80B in aid - WSJ

[15:51] {magoo} BAC rocked there

[15:55] {shorty} Have a good all, and see you tomorrow. Thanks Threei

[15:55] {shorty} night

[15:55] {Threei} take care shorty

[15:55] {Les} ciao

[15:56] {Threei} if I were a bear, this close would seriously worry me

[15:56] {RonS} dino, mos continues to work off the mat. good for a.m.

[15:56] {magoo} yea..all was in there favor today

[15:58] {Les} crap Vad, the MOS short that merited stopping out of became a fabulous long.

[15:58] {Threei} no kidding

[15:58] {Les} nope

[15:59] {magoo} ibm tonite

[15:59] {Les} tomorrow's another day. c u's then

[15:59] {Threei} IMB and STLD

[16:00] {Threei} the rest is small fish

[16:00] {dino} on it ron

[16:00] {RonS} ntrs

[16:02] {magoo} WOW ARRY

[16:02] {Threei} ARRY Signs pact for oncology with Novartis for devlopment of MEK Inhibitors; expects $45M upfront payment

[16:02] {Threei} - could receive $422M in additional payments from NV

[16:05] {Threei} AMGN Preclinical Study Demonstrated Anti-Tumor Activity in Mammary Tumor Model

[16:05] {Threei} PG *INCREASES DIVIDEND to $0.4818 from $0.44

[16:06] {dino} gn all

[16:06] {Threei} dino :)

[16:07] {magoo} ibm moving

[16:08] {Threei} nothing yet'

[16:09] {Threei} IBM Reports Q1 $1.97 v $1.93e

[16:09] {Threei} R$22.9B v $22.8Be

[16:09] {Threei} - Guides FY10 EPS at least $11.20 v $11.12e (guided "at least" $11.00 on 1/19)

[16:11] {Threei} ZION Reports Q1 -$0.57 v -$0.95e

Apr 15 and 16, 2010

I'll have to apologize for the lack of the log update for the last two days. Technical issues made it damaged beyond salvation unless we devote a few hours to repair - which we are not too jazzed about. Anyway, here is a quick recup of what transpired:

On Apr 15, Thu, we had a nice winning day with most trades done on WFC - both long and short, early opening one for a nice juicy move and then 1:1 and 1:2 scalps, with just one 7 cents stop.

Apr 16, Fri didn't work for us - we run into two stops early one, one winning trade, and then whole GS debacle hit and made the market practically unreadable from technical standpoint. While room members found a few very nice trades in both GS and AIG, notably GS long for 3 dollars bounce, "official" calls count is negative.