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

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 :)