Apr 19 2010

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

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

[02:40] {KSystems} Guten Morgen!

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

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

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

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

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

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

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

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

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

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

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

[08:34] {Les} touché

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

[08:38] {fernp} Good morning everybody

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

[08:39] {Threei} fern :)

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

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

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

[09:03] {ese} morning

[09:04] {Threei} ese :)

[09:05] {dptl} good morning

[09:05] {Threei} dp :)

[09:07] {nemo} gm

[09:08] {Threei} nemo :)

[09:11] {dino} gm all

[09:11] {Threei} dino :)

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

[09:13] {RonS} gm gents

[09:14] {Threei} Ron :)

[09:14] {ese} ron

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

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

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

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

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

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

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

[09:15] {dino} bad print

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

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

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

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

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

[09:22] {lasertrev} morning

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

[09:22] {Threei} trev :)

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

[09:23] {shorty} good morning all

[09:23] {Threei} shorty :)

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

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

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

[09:26] {dino} gs

[09:27] {Threei} dino :)

[09:27] {Threei} lol ese

[09:27] {ese} ahhhhhhhh

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

[09:28] {Threei} skipping first minutes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[09:36] {nemo} wrist

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

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

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

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

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

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

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

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

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

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

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

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

[09:40] {dino} pot 106

[09:41] {dino} ferts stinking again

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

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

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

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

[09:43] {fernp} ok

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

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

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

[09:44] {Threei} FCX for instance

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

[09:44] {Threei} 80 break

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

[09:48] {Threei} nope

[09:50] {Threei} ARBA lkooks salmonish

[09:50] {dino} all green

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

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

[09:52] {Threei} wow ARBA

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

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

[09:54] {Threei} out half

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

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

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

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

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

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

[09:56] {Threei} GS dropping

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

[09:56] {shorty} nice dino

[09:56] {dino} ty

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

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

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

[09:58] {Threei} stop

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

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

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

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

[10:03] {Threei} LEN

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

[10:04] {Les} awiav?

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

[10:04] {shorty} That was fun

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

[10:06] {Threei} getting pullbacks finally

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

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

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

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

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

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

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

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

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

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

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

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

[10:16] {Threei} two sided setup

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

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

[10:18] {fernp} stopped BAC

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

[10:21] {Threei} I doubt it

[10:22] {Les} aig

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

[10:23] {magoo} morn

[10:23] {Threei} mags

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

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

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

[10:24] {Threei} breakout is toughie

[10:24] {Les} ahh ok

[10:25] {Threei} true ese

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

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

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

[10:28] {Threei} rather triangle

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

[10:29] {Threei} not really

[10:29] {Les} ok ty

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

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

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

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

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

[10:34] {Threei} not really shorty

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

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

[10:34] {Les} ty Ron

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

[10:35] {ese} beer

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

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

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

[10:38] {ese} see ya shorty

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

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

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

[10:38] {dino} titn out fLAT

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

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

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

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

[10:40] {Les} spy

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

[10:46] {Threei} LVS

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

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

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

[10:48] {Threei} yes

[10:48] {Threei} nice looking one

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

[10:49] {fernp} ty

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

[10:52] {RonS} .ndx lod

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

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

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

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

[10:59] {Threei} SQNM nice reaction

[10:59] {dino} mos db maybe

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

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

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

[11:05] {Les} stopped abk

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

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

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

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

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

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

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

[11:11] {Threei} or 5.10

[11:11] {Les} ok

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

[11:12] {Les} not shortable

[11:12] {Threei} it is here

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

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

[11:13] {Les} beautiful breakdown

[11:13] {Threei} very

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

[11:15] {fernp} :-)

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

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

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

[11:17] {Threei} FCX, LVS

[11:18] {Threei} WFC

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

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

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

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

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

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

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

[11:24] {Threei} ok market

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

[11:24] {Threei} here we go

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

[11:27] {nemo} stop

[11:27] {Threei} ugh

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

[11:27] {fernp} stopped LVS

[11:28] {Les} aig 39

[11:28] {nemo} market is changing

[11:29] {Threei} LVS rinse

[11:29] {fernp} yes

[11:30] {Threei} grrr

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

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

[11:33] {Threei} wtg

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

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

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

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

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

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

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

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

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

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

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

[11:37] {Threei} shorted breakdown?

[11:37] {fernp} 45.04

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

[11:38] {Threei} hmm?

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

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

[11:38] {nemo} his head

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

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

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

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

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

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

[11:42] {Les} hehehe

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

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

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

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

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

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

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

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

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

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

[11:59] {dino} bucy blood

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

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

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

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

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

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

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

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

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

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

[12:08] {Threei} lol

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

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

[12:10] {Les} oh

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

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

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

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

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

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

[12:12] {Threei} 52

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

[12:13] {Threei} no bounce

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

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

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

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

[12:14] {Les} agreed

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

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

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

[12:16] {Les} k

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

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

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

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

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

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

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

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

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

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

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

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

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

[12:21] {fernp} unemployment

[12:21] {fernp} is very high

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

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

[12:21] {Threei} and WFC

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

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

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

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

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

[12:24] {Threei} not sure mags

[12:24] {Threei} 50/50

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

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

[12:25] {Threei} maybe .60

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

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

[12:26] {Threei} no clarity

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

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

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

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

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

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

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

[12:31] {Threei} AIG invalidated

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

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

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

[12:38] {Threei} mags

[12:38] {magoo} yes?

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

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

[12:38] {Threei} and maybe jf

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

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

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

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

[12:39] {Threei} or take scalp

[12:39] {Threei} your choice

[12:39] {dino} dji rally

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

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

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

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

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

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

[12:41] {Threei} where is larisa

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

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

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

[12:44] {Threei} +.50

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

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

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

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

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

[12:46] {Threei} out .75

[12:46] {Threei} +.85

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

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

[12:46] {Threei} :)

[12:46] {magoo} perfect really

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

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

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

[12:47] {magoo} magoo runs

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

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

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

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

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

[12:49] {Threei} +.25

[12:49] {fernp} gj Vad

[12:49] {Threei} ty kind sir

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

[12:50] {Threei} back

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

[12:51] {dino} gj

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

[12:51] {Threei} ty dino

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

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

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

[12:52] {Threei} look at intraday

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

[12:56] {Les} y

[12:59] {Threei} out

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

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

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

[13:02] {Les} :D

[13:03] {Les} tough crowd today

[13:03] {Les} spy

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

[13:03] {dino} same les

[13:03] {Les} fas

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

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

[13:05] {fernp} agree

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

[13:05] {fernp} ok, ty

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

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

[13:07] {ese} and dino

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

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

[13:09] {dino} :s

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

[13:10] {dino} evolution, lol

[13:10] {dino} klic gap fill

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

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

[13:16] {Threei} not this time

[13:16] {fernp} no go

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

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

[13:19] {fernp} ok

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

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

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

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

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

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

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

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

[13:25] {Les} half .50

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

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

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

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

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

[13:31] {Les} ok

[13:33] {Les} stopped gs

[13:35] {magoo} AIG

[13:37] {magoo} fcx next

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

[13:37] {Threei} no

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

[13:38] {Threei} here it is

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

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

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

[13:40] {magoo} RON is corret

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

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

[13:40] {RonS} USSRofA

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

[13:41] {Les} or seeks it

[13:43] {Threei} unfreakinbelieavble

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

[13:44] {Threei} laws are reversible

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

[13:46] {magoo} :)

[13:46] {Threei} good job guys

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

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

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

[13:48] {Threei} great to hear

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

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

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

[13:54] {ese} patience grasshopper patience

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

[13:55] {magoo} its pummeled

[13:56] {Threei} no report

[13:57] {Threei} no news

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

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

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

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

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

[14:11] {magoo} .

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

[14:13] {Threei} nice entry ese

[14:14] {ese} tks

[14:16] {dino} gj

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

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

[14:21] {fernp} MEE is happy

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

[14:22] {fernp} lol

[14:23] {Threei} thank you

[14:23] {fernp} yw

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

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

[14:29] {Threei} wtg

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

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

[14:31] {dino} gj es

[14:34] {magoo} GS

[14:36] {dino} giddy-up

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

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

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

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

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

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

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

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

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

[14:40] {dino} dai

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

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

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

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

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

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

[14:50] {Threei} yeah

[14:51] {magoo} could squeeze

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

[14:51] {magoo} 165 area

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

[14:54] {Threei} I believe it

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

[14:55] {magoo} looking for squeeze

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

[14:57] {Threei} LVS

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

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

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

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

[14:58] {Threei} take care ese

[14:59] {dino} cya es

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

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

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

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

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

[15:01] {dino} back in ten

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

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

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

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

[15:07] {Threei} MOC?

[15:07] {magoo} mark on close

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

[15:07] {Threei} oh

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

[15:12] {Threei} quite

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

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

[15:18] {Threei} lol

[15:18] {Threei} eternal optimist

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

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

[15:22] {Les} ciao fern

[15:22] {shorty} bye fernp

[15:22] {RonS} cya fern

[15:22] {Threei} take care fern

[15:22] {magoo} out 162.84

[15:23] {magoo} plus alot

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

[15:23] {Les} not shabby

[15:23] {Threei} wtg

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

[15:23] {shorty} wow

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

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

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

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

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

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

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

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

[15:25] {Threei} there

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

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

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

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

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

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

[15:27] {magoo} ya ya agree

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

[15:27] {magoo} slap him vad

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

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

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

[15:28] {Threei} GS shorty

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

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

[15:28] {shorty} thanks

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

[15:30] {Threei} take care nemo

[15:30] {Les} ciao

[15:30] {RonS} cya nemo

[15:30] {dptl} good evening all

[15:30] {shorty} bye nemo

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

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

[15:31] {shorty} lol

[15:31] {Threei} bye dp

[15:32] {shorty} bye dptl

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

[15:32] {Threei} wtg

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

[15:33] {magoo} ya ya

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

[15:33] {magoo} can feel it

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

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

[15:34] {Threei} mags killed it

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[15:36] {magoo} qand dino

[15:37] {magoo} and dino

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

[15:37] {dino} die by it

[15:37] {magoo} hes good stopper

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

[15:37] {Threei} and protect profit

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

[15:37] {shorty} Me too Threei

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

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

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

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

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

[15:38] {shorty} lol

[15:38] {Threei} lol

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

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

[15:40] {Threei} ty

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

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

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

[15:44] {Threei} some profit takeing

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

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

[15:51] {magoo} BAC rocked there

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

[15:55] {shorty} night

[15:55] {Threei} take care shorty

[15:55] {Les} ciao

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

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

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

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

[15:58] {Threei} no kidding

[15:58] {Les} nope

[15:59] {magoo} ibm tonite

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

[15:59] {Threei} IMB and STLD

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

[16:00] {dino} on it ron

[16:00] {RonS} ntrs

[16:02] {magoo} WOW ARRY

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

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

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

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

[16:06] {dino} gn all

[16:06] {Threei} dino :)

[16:07] {magoo} ibm moving

[16:08] {Threei} nothing yet'

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

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

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

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

Apr 09 2010

Early profits on WFC and PALM made a day as we got locked in narrow range once again. Market finally hit 11K on the end of day drive so we had our fun countdown, party hats on etc.

Session Time: Fri Apr 09 00:00:00 2010

[08:37] {Threei} TIVO Strength in shares attributed to earlier Citi note downgrading SATS to sell rating and maintaing Buy rating on DISH (17.34, 0.00, 0.00%) (related DISH SATS )

[08:37] {fernp} Good morning everybody

[08:37] {Threei} fern :)

[08:38] {Threei} 7:16:20 AM

[08:38] {Threei} Palm, Inc Follow up: Shares trading higher in premarket on renewed takeover speculation; HTC refuses to comment on market speculation regarding acquisition of firm

[08:38] {Threei} *note: HTC has been speculated in the Tawainese press as interested in name to expand its existing operating system and application store with Palm's existing smartphone technology

[08:39] {Threei} 7:12:00 AM

[08:39] {Threei} Palm, Inc CEO: Group has hit a speed bump, company still holds tremendous assets; defies logic to say that company has no value - Fortune Magazine (dated April 8)

[08:39] {Threei} - States that firm has good products that are still in the early stages of sales development

[08:46] {Threei} SCLN BWS Financial Inc. Raised SCLN to Buy from Hold

[08:51] {magoo} morn

[08:51] {Threei} magoo :)

[08:51] {fernp} gm mags

[08:51] {Threei} look PALM mags, and news on it

[08:51] {Threei} could be a player today

[08:52] {magoo} yea

[08:52] {magoo} u like any premkt setup,its pulling bk?

[08:52] {Threei} anything under 5, I'd buy on first sign of bottoming,

[08:53] {Threei} its yesterday's high is 4.83,

[08:53] {magoo} ah

[08:53] {Threei} I think if it gets anywhere close to it, it will be snatched by momentum players

[08:53] {Threei} if it doesn't go under 5, plan B:

[08:54] {Threei} buy consolidation/breakout but half of what you want to play,

[08:54] {Threei} and be ready to add second half if it reverses and drops again

[08:54] {Threei} very rare method for me

[08:54] {Threei} let's call it pre-planned and controlled averaging down

[08:54] {Les} PALM floating in a gap. if it can close it under 5 - cool.

[08:55] {Les} good morning

[08:55] {RonS} gm all. funny Costanza review at: www.the reformedbroker.com

[08:55] {Threei} les, ron :)

[08:56] {magoo} ABK vad, look

[08:56] {magoo} a double

[08:57] {RonS} ...interesting to me that Cara is talking about the yuan story picking up steam, but not seeing it anywhere else...

[08:57] {Threei} it reported yesterday magoo

[08:59] {Threei} Ron, that blog must have read our trading logs

[08:59] {Threei} we joked about Costanza trading for years

[08:59] {Threei} 5:27:10 PM

[08:59] {Threei} Ambac Financial Group, Inc Reports Q4 $1.93 (includes $472M tax benefit) v -$8.14 y/y, R$567M v -$202M y/y

[08:59] {Threei} - Q4 Net change in fair value of credit derivatives $133M v loss $594M y/y (driven primarily by price improvement in certain reference obligations, partially offset by a narrowing of Ambacs short-term credit spreads

[08:59] {strider} A

[08:59] {strider} MLN

[08:59] {strider} AMLN

[09:00] {Threei} AMLN FDA in January saw a 'false sense of security' on usage of Byetta drug; could be possible cancer risks

[09:00] {Threei} - further comments from Novo Nordisk approval of Victoza

[09:00] {Threei} although to be fair, analogy lies on the surface.. :)

[09:01] {Threei} any trader watching that episode would have picxked up on the recemblance immediately

[09:05] {dptl} good morning

[09:05] {Threei} dp :)

[09:07] {gen} gm all

[09:07] {Threei} gen :)

[09:07] {gen} :)

[09:07] {dino} gm all

[09:07] {gen} :)

[09:08] {Threei} dino :)

[09:08] {dino} q? what am i missing, casy cash bid 36/sh, trading up 6.80 to 38.40

[09:08] {dino} atls, amln

[09:09] {Threei} one of market mysteries dino

[09:09] {Threei} we don't know and we are not supposed to ask

[09:09] {dino} worth a sm short imo

[09:12] {RonS} http://dealbook.blogs.nytimes.com/2010/04/09/atlas-and-reliance-form-1-7-billion-joint-venture/

[09:14] {dino} see it, thx

[09:14] {dino} watch chk off it

[09:15] {RonS} abk, 54 mil sh short, 19% of float

[09:18] {ese} good morning

[09:18] {gen} :)

[09:20] {lasertrev} morning

[09:21] {Les} vad, you willing to buy PALM pre-market under 5?

[09:21] {shorty} Good morning

[09:21] {gen} :)

[09:21] {Threei} ese, trev, shorty :)

[09:22] {Threei} doesn't look like it goes there, les

[09:22] {Les} morning. trev, had same problem as you yesterday. got locked out of server

[09:22] {Les} but if a big selloff happens prior to open, ok to buy premarket?

[09:24] {strider} morning all.

[09:25] {Threei} strider :)

[09:25] {Threei} that's what I would do

[09:25] {Threei} (RU) Russian Central Bank Dep Chair Melikyan: Several Russian banks may face capital problems

[09:25] {Threei} ***Reminder: On Dec 17 Russian Central Bank Deputy Chairman Melikyan: Sees significantly more financial sector bankruptcies in 2010

[09:32] {nemo} did the market open?

[09:33] {Threei} huh?

[09:33] {Threei} it usually does

[09:33] {nemo} so ea

[09:33] {nemo} so dead

[09:33] {shorty} Just getting a cup of coffee.

[09:34] {strider} PALM theflyonthewall.com: Palm added to Least Preferred at UBS :theflyonthewa

[09:34] {strider} it's still preferred....but less so.

[09:34] {Threei} WFC, watching for long entry on pullback

[09:35] {Threei} under .50, preferrably closer to .40

[09:35] {magoo} PMI back vad

[09:36] {Threei} PMI, let it pull back to .25 at least

[09:38] {magoo} palm under, but ubs cautious comments

[09:38] {Threei} let's just get the valid setup

[09:39] {magoo} where?

[09:39] {Threei} WFC won't pull back

[09:39] {magoo} xmas tree RIMM

[09:41] {dino} frx sm l .98

[09:41] {Les} big bid palm .05

[09:42] {strider} DRYS takeover chatter

[09:43] {magoo} musa ipo to open in a few

[09:44] {fernp} WFC Vad?

[09:44] {magoo} fcx dump vad

[09:44] {Threei} .40 - .45 for WFC now

[09:45] {Threei} DRYS Hearing firm may have hired an adviser to pursue strategic alternatives including possible sale (6.49, +0.20, 3.18%)

[09:47] {Threei} .35 - .40

[09:47] {Threei} etc, usual routine

[09:50] {Threei} Long Setup: PALM 5 break if stays above 4.95

[09:50] {dino} casy lower hi lower low in making

[09:54] {Threei} EUR/USD Hearing continued speculation that EUR moving higher on talk of EU aid deal for Greece being hammered out

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

[09:55] {dino} cml l .50, stop lod

[09:56] {Threei} ABK... 1.20 break, maybe

[09:56] {Threei} tough one

[09:56] {strider} WFC?

[09:56] {strider} late

[09:56] {Threei} DRYS interesting

[09:56] {Threei} ??

[09:57] {Threei} WFC was .40 break entry

[09:57] {strider} break of .45

[09:57] {Les} l MGM .42 stop lod

[09:57] {Threei} strider...

[09:57] {strider} yes

[09:57] {Threei} [09:44] {Threei} .40 - .45 for WFC now

[09:57] {Threei} [09:47] {Threei} .35 - .40

[09:57] {Threei} [09:47] {Threei} etc, usual routine

[09:57] {strider} I didn't take either.

[09:57] {fernp} PALM still valid, no vad?

[09:57] {Threei} yes

[09:58] {strider} Just saw a setup at .45

[09:58] {strider} sorry.

[09:58] {Threei} AONE Hearing takeover chatter circulating (14.00, +0.39, 2.87%)

[09:58] {Threei} 1:2 WFC, out

[09:58] {Threei} come on guys, pay attention...

[09:58] {Les} out wfc ty

[09:58] {Threei} this is standard routine of pullback bottom hunting

[09:58] {shorty} out too Threei

[09:58] {magoo} in palm

[09:59] {Les} me 2

[09:59] {shorty} 5.02 PALM for me

[09:59] {magoo} .99

[10:00] {Threei} US) FEB WHOLESALE INVENTORIES: 0.6% V 0.4%E

[10:00] {Threei} dino

[10:00] {Threei} CASY

[10:00] {Threei} Casey"s General Stores Inc Board rejects offer at $36/shr; claims undervalues company

[10:00] {Threei} - The Board unanimously determined that the proposal is not in the best interests of the corporation and informed Couche-Tard on March 29, 2010 that it had rejected the proposal

[10:01] {magoo} there u go

[10:01] {magoo} futes rockin

[10:02] {nemo} 11k party hats

[10:02] {Threei} PALM over 1:1

[10:02] {jfjf64} go palmmmmmmmmmmmm

[10:02] {magoo} out .07..big shares

[10:02] {magoo} ty bossasaurasrex

[10:02] {dino} cagc l .40

[10:03] {dino} cml rinsed

[10:03] {Threei} welcome humanoid... we dinos are only happy to help the next generation

[10:03] {shorty} out PALM too.

[10:03] {shorty} magoo, what do you mean big shares? You had big shares?

[10:04] {ese} L erts sm .32

[10:04] {Threei} may you avoid our fate... although it seems you are destined, by your own hand. At least we were hit by asteroid while you construct your own demise through complicated financial machinations

[10:04] {Threei} shorty... scalp type I is what he means

[10:05] {Threei} huge shares, relatively small move

[10:05] {ese} not normally my style but stop is in ......"WHAT THE HELL!!!!!"

[10:05] {jfjf64} cvx

[10:05] {Threei} temporas are fugit or what... I play PALM ese's style, ese plays ERTS my style...

[10:07] {ese} LOL

[10:08] {ese} my mistake though....i should have been in palm

[10:09] {magoo} what vad said shorty

[10:09] {Les} stopped mgm

[10:09] {shorty} lol...thanks magoo.

[10:09] {magoo} kiss magoo??

[10:09] {Threei} no thanks

[10:10] {Threei} but we are flattered

[10:10] {magoo} whats sad is even my wife would say no thanks after 16 yrs

[10:10] {shorty} "we" Threei, no community spirit here.

[10:10] {shorty} magoo, same boat.

[10:11] {Threei} can you feel how room deteriorates when girls are on vacation?

[10:11] {shorty} lol

[10:11] {magoo} lol

[10:11] {Les} DCTH 10 break?

[10:11] {magoo} and to be a part of it he he

[10:11] {Threei} patience is travelling in China, larisa left for Vegas, Ilana is on sabbatical... oy vey

[10:11] {dino} esi 110

[10:11] {Threei} vasilisa is my only hope

[10:11] {shorty} She is mute though Threei

[10:12] {Threei} les, probably, if market resumes

[10:12] {Threei} but stock is thin

[10:12] {Threei} be very careful, small lot

[10:12] {dino} esi sm l .01

[10:13] {Threei} shorty,,, ukrainian girls are silent for only so long... if they decide to give you piece of their mind, god help you

[10:13] {shorty} lol

[10:14] {shorty} My wife must be Ukrainian

[10:14] {dino} lol

[10:14] {Threei} on a big scale... aren't we all

[10:14] {fernp} .

[10:15] {shorty} Something like that or related to Gangus Khon

[10:16] {fernp} NVDA any read, Vad?

[10:17] {Threei} no fern, sorry

[10:17] {Threei} (GR) Greek 10-year CDS falls bellow 400bps level (related SOVRX BUNDS )

[10:17] {shorty} was that a d/b on LVS?

[10:17] {dino} cml hl l .50 last try

[10:18] {Threei} as a setup for our entry shorty? yes

[10:18] {Threei} classic iteration

[10:18] {shorty} Stating to see a little more.

[10:18] {Threei} first bottom outside BBs, second inside

[10:18] {Threei} stall, break of resistance

[10:18] {Threei} cleam reliable setup with tightly controlled risk

[10:19] {Threei} shorty, you have no idea what you are going to see in 6 months

[10:19] {Threei} ask Les

[10:19] {shorty} lol

[10:19] {Threei} today's Les and Les just 3 months ago are two completely different people

[10:19] {shorty} Good or bad?

[10:20] {Threei} well... I'll leave it to his wife to decide

[10:20] {Les} yeh my mrs reported me to the police the other day. looking for someone else apparently

[10:20] {Threei} see?

[10:20] {shorty} He is still here, so maybe a good thing?

[10:20] {Les} not trading money shorty, I'm a paper trader until i get some bad habits under control

[10:20] {RonS} 3i, just witnessed one of your L2 feints. CAGR had 15k bid at 23.19 while trading 23.21-.25. Stock popped to 23.38. Shares sold and bid vanished. Proof in concept. CAGR is true pulp fiction

[10:21] {shorty} How long have you been trading on paper Les?

[10:21] {RonS} cagr=cagc

[10:22] {Les} since I acknowledged last year that losing my account is not acceptable. joined vad in nov.

[10:22] {Les} bgp

[10:23] {shorty} I am not doing great, but I have an amount of money that I set to use to learn.

[10:23] {Threei} cool to see these things real time eh Ron?

[10:24] {RonS} ya, been a time when I was the sucker on that setup...

[10:24] {dino} cagc, indeed, pulp, but not fiction, costanza pulp

[10:25] {dino} .41 goes it goes to .80

[10:28] {Threei} now you know how it's done, can utilze it

[10:28] {dino} ghost ask .55

[10:28] {Threei} whoa, what happened

[10:28] {magoo} futes dumping

[10:28] {Threei} oooh

[10:28] {Threei} *GR) FITCH CUTS TO BBB-

[10:28] {Threei} crap

[10:29] {magoo} on volume

[10:29] {Threei} they couldn't wait for market to go over 11K?

[10:29] {dino} cml stopped again, done w/it today

[10:29] {nemo} cut wt to bbb

[10:30] {dino} bbby gives back

[10:32] {Threei} Greece, nemo

[10:33] {Threei} *(GR) FITCH CUTS GREECE TO BBB- FROM BBB+ (two notch cut); OUTLOOK NEGATIVE

[10:33] {Threei} - Agency has simultaneously affirmed Greece's Country Ceiling at 'AAA' and the Short-term foreign currency IDR at 'F2'.

[10:33] {Threei} - States: The downgrade reflects the intensification of fiscal challenges in response to more adverse prospects for economic growth and increased interest costs. It also reflects ongoing uncertainties about the government's financing strategy in the context of increased capital market volatility.

[10:33] {Threei} - States: The sharp rise in interest rates faced by the government this year, in combination with a deterioration in the outlook for economic growth, will make it harder for the government to achieve its fiscal targets of reducing the deficit to 8.7% of GDP this year and ensuring that public debt peaks at just over 120% of GDP in 2010 and 2011. Pressures on the banking system underline the adverse spill-over from sovereign risk concerns on the wider economy, while contingent liabilities from the banking sector will increase as the government provides banks with increased guaranteed funding.

[10:33] {Threei} ** Note that Greece's sovereign debt carries an A2 rating at Moodys, two notches above the equivalent ratings at Fitch and S&P (BBB-). If Moody's were to recalibrate its rating in line with its peers it would render Greece's sovereign debt ineligible for ECB repo operations when collateral criteria reverts to the normal minimum thresholds (A3/A- or above) at the end of 2010

[10:34] {dino} yadda yadda yadda

[10:35] {ese} my trading platform is down

[10:36] {shorty} ese, do you guys ever travel to Calgary for the Blues festival?

[10:36] {RonS} ...mine is trying to freeze...

[10:37] {fernp} double bottom WFC, Vad?

[10:37] {Threei} probably but I don't like entry here

[10:37] {Threei} .20 was much better one

[10:38] {Threei} need quotes guys?

[10:38] {Threei} PALM continues

[10:39] {Threei} (US) Reports confirm that Supreme Court Justice Stevens to retire this summer

[10:39] {Threei} - Stevens is in the liberal minority of the court.

[10:39] {Threei} - Reports earlier this year said that Stevens would step down later in 2010.

[10:39] {Threei} good bye liberal minority

[10:39] {Threei} hello liberal majority

[10:40] {Threei} ok guys, you be very careful now... vasilisa will help me keep you in line

[10:42] {vasilisa} Good afternoon, everybody. Thanks, Vlad!

[10:43] {Threei} welcome to the jungle

[10:43] {magoo} vlad?

[10:43] {magoo} the impaler

[10:43] {fernp} gm vas

[10:43] {RonS} hello

[10:43] {magoo} hi vas

[10:43] {shorty} Hello

[10:44] {Threei} let's see if we can get reliable entry onb PALM

[10:44] {Threei} since it showed it can do more than scalp

[10:46] {dino} jec

[10:46] {RonS} gld

[10:47] {dino} out frx +.25 thing is stuck

[10:47] {Threei} JEC Reaches new highs after CNBC mentions earlier LBO chatter (47.80, +3.52, 7.95%)

[10:47] {RonS} Jacobs Engineering calls active on renewed LBO speculation

[10:47] {shorty} nice dino

[10:48] {dino} thx

[10:49] {dino} jec sm s .75

[10:49] {dino} bit soon

[10:50] {magoo} palm pretty good pllbk

[10:53] {ese} ahhh back online.....and making money in erts

[10:53] {magoo} GS wacked

06[10:54] * magoo slaps ese around a bit with a large trout

06[10:54] * magoo slaps vasilisa around a bit with a large trout

[10:54] {magoo} first one for u i think

[10:54] {Les} swk .50 break?

[10:54] {magoo} GS getting wacked

[10:54] {Threei} magoo likes to live dangerously

[10:55] {ese} hmmmmmm someone new....welcome vasilisa

[10:55] {Threei} not sure les

[10:55] {magoo} u pick up an7y palm vad

[10:55] {Threei} no mags

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

[10:56] {magoo} me niether

[10:57] {ese} out erts .41 +.08

[11:06] {dino} cov jec .90, +.85

[11:07] {dino} .

[11:08] {magoo} beauty..i was chicken

[11:08] {dino} thx

[11:08] {shorty} dino amazing.

[11:08] {dino} lucky

[11:09] {shorty} humble too I see.

[11:09] {dino} :/

[11:10] {shorty} You say your lucky, I say you are good.

[11:11] {magoo} i say hes FAT

[11:11] {shorty} With a PH

[11:11] {strider} dino is a File Allocation Table?

[11:11] {shorty} lol

[11:11] {Threei} PALM...

[11:12] {Threei} this starts looking like it can turn into momo

[11:13] {dino} casy hod

[11:13] {dino} casy wants 40 area strike

[11:15] {magoo} prob i palm is piece of crap

[11:16] {magoo} i=is

[11:16] {Threei} don't know mags, pace picks up

[11:16] {magoo} wish i hit .15 lol

[11:28] {Threei} incredible

[11:28] {Threei} nothing can keep this market down

[11:29] {Threei} back to high

[11:30] {Les} fitb .20 break?

[11:31] {dino} nothing matters until it does 3i

[11:31] {Les} aig 38

[11:32] {Threei} hard to tell les... not sure

[11:32] {Les} ok

[11:37] {dino} mos lod

[11:38] {Les} bgp 3 b/o?

[11:40] {Threei} 50/50

[11:40] {Threei} I like this type when it has real pace

[11:40] {Threei} BGP's chart is nice, but there is not ebough activity

[11:41] {dino} mos sm l .85

[11:42] {Les} +.03 and 5k from PALM. been waiting for b/o, but am left disappointed for now

[11:42] {Les} aig

[11:43] {jfjf64} 14 points lets get the HATS OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[11:43] {Les} out +.08 aig.

[11:43] {jfjf64} 13

[11:43] {Threei} will get it TODAY

06[11:45] * Threei dusts off his 11K party hat

06[11:45] * Threei books strippers for everyone in the room

[11:45] {jfjf64} TAKE PICTURE LUV TO SEE IT

[11:45] {magoo} IN (the room lol)

06[11:46] * Threei uncorks Dom Perignon for vasilisa and Grey Goose for himself

[11:46] {Les} you old smoothie

[11:46] {Les} talk about selling aig too soon sheesh

[11:47] {jfjf64} yup

[11:48] {Les} grabbed another .10 on the way down

[11:49] {Threei} LCC United and US Airways Unions: Flight Attendant Leaders Say Merger Impossible With Unresolved Issues at Each Airline (7.40, -0.16, -2.12%) (related UAUA )

[11:49] {Les} Vad, MGM ready to b/d? you see a play?

[11:49] {Les} wynn up but lvs mgm down?

[11:49] {Threei} no clear read

[11:49] {Threei} would be short for sure if market went down

[11:49] {Threei} as it is, it's rather short but I don't want to go against the currenbt

[11:50] {shorty} out of CIEN +4

[11:51] {shorty} Thanks for the heads up Threei, on not shorting

[11:53] {RonS} ...if shorty shorts does that make him long, or does he become invisible?

[11:56] {shorty} Bullet proof RonS

[11:56] {shorty} I like shorting better then longing, it's the screams that I like.

[11:59] {Les} PALM coming down

[11:59] {Les} out +.12 shorting aig again

[12:00] {Les} s palm .21

[12:01] {dino} shorty shorting is like trying to fade the faders fade

[12:03] {shorty} I find it easier to short.

[12:03] {Les} but homer simpson says two wrongs make a right, so wouldn't that make him long?

[12:04] {shorty} Are you saying being short is wrong? You have something against short people?

[12:05] {Les} are we talking dwarf size, or just dweeb?

[12:05] {dino} tangents

[12:05] {shorty} lol Les

[12:08] {shorty} Looks like ZION is forming a inverted cup.

[12:10] {Les} out +.05 PALM

[12:11] {Les} I'm happy with today, and it being friday, might hold it here and wind down for the weekend

[12:11] {Les} bon weekend everyone

[12:11] {Threei} have a good one Les

[12:11] {fernp} bye les, enjoy

[12:12] {dino} cya les

[12:14] {shorty} Bye Les

[12:19] {RonS} aig gettin jiggy

[12:25] {Threei} (CH) Brazil Fin Min Mantega: A more flexible Chinese Yuan would be very good for the global economy

[12:25] {Threei} this is so fascinating

[12:25] {Threei} everyone is so sure of that

[12:26] {Threei} to me, consequences of cush change are so enormous and far-reaching, that no-frikin-one has slightest idea what comes out of it

[12:32] {dino} higher prices on mist comsumer goods, imo

[12:34] {RonS} how do you spell weak?...mos

[12:35] {dino} indeed

[12:38] {magoo} ok all..i have to leave, c u monday

[12:39] {Threei} have a good weekend mags

[12:39] {RonS} bye mags...have a good one

[12:39] {magoo} going to motocross amatuer national qualifiers

[12:39] {shorty} Bye magoo

[12:39] {magoo} wish us luck

[12:39] {lasertrev} later magoo

[12:39] {shorty} good luck!

[12:42] {Threei} sorry guys, we will have to cancel 11K for today

[12:42] {Threei} mags is not in the room, would be a waste of stripper time

[12:43] {shorty} I can take two of them Threei.

[12:43] {Threei} I am sure you can

[12:43] {Threei} but I need a blackmail material on magoo

[12:43] {Threei} AIG spike

[12:44] {shorty} wow

[12:48] {fernp} FAS 107 breakdown, Vad?

[12:48] {fernp} using FAZ i mean

[12:48] {nemo} go faz can't short fas

[12:48] {Threei} 50/50

[12:49] {fernp} ok

[12:59] {Threei} AIG's on a mission

[13:02] {Threei} magoo, come back

[13:02] {Threei} AIG's moving

[13:05] {nemo} I'm going out might be back before close

[13:05] {Threei} I will be here

[13:05] {shorty} BYe nemo, have a good weekend if you are not back.

[13:05] {Threei} I am not saying bye so you must be back

[13:06] {dino} cya nemoooooooo

[13:07] {dino} slow day

[13:08] {RonS} dino, mos ideas?

[13:09] {dino} pathetic

[13:09] {Threei} see? no 11K today, magoo's fault

[13:09] {dino} stop .49

[13:10] {dino} hang on 3i, i'll get the coin out

[13:11] {fernp} FAZ 1:1

[13:13] {Threei} cool beans

[13:30] {shorty} Threei, ZION is that an inverted c/h?

[13:31] {Threei} with rim at 23.80?

[13:32] {shorty} Something like that.

[13:33] {shorty} .84 I was thinking.

[13:34] {Threei} kind of....

[13:35] {Threei} not very trtadeable one, but for the pattern recognition purposes, yes

[13:36] {shorty} Thanks. Also, was seeing on the ecn book at .98 it was flashing 10k, not a lot of times but a couple.

[13:38] {shorty} Can you explain to me the spike there? Someone bought 13k at 24.05? At 13:35.

[13:41] {Threei} I don't see 24.05 at 13:35

[13:49] {shorty} Your time 10:35.39 It shows 9000,(Quote center) but I saw it on my T&S at 13200. Probably nothing, but I see once in a while. I find it odd to see buying at a higher price, and selling at a lower price.

[13:50] {shorty} CIEN near a major support area.

[13:51] {Threei} my charts are NY time

[13:51] {shorty} Makes the day seem longer Threei.

[13:53] {dino} feels like a summer friday

[13:53] {Threei} TNGN

[13:53] {Threei} Tengion Inc Quotation begins 13:45ET; IPO scheduled to open at 14:00ET; Priced 6M share IPO at $5/share, well below the original range of $8-10/share

[13:53] {Threei} - Underwriters are Piper Jaffray and Leerink Swann.

[13:53] {Threei} - The company is developing functional neo-organs using a patient's own cells.

[13:56] {dino} ahhhh yes

[13:58] {fernp} .

[13:58] {RonS} ...sounds great. i need to work on a new liver amonst other things...

[13:59] {shorty} Maybe we can get a two for one deal RonS?

[14:00] {Threei} opened

[14:00] {RonS} uhhh...growing a pair...does not sound right...

[14:02] {Threei} lol

[14:02] {shorty} Hugh....you are right, It doesn't sound right

[14:03] {shorty} ZION going down

[14:03] {Threei} only mirroring the market

[14:06] {Threei} (GR) EuroZone may charge Greece in excess of 6% for emergecy loans - unconfirmed report

[14:07] {Threei} seriously? my car lease is 1.65

[14:07] {Threei} and mortgage 3.75

[14:07] {shorty} Is your mortgage locked in at 3.75?

[14:08] {Threei} yes

[14:08] {Threei} I can singlehandedly save Greece and make nice money, borrowing at my rates and lending to Greece 1/2% higher {G}

[14:08] {shorty} Vad will own Greece.

[14:08] {Threei} 5 years fixed at 3.75

[14:08] {Threei} want it? I'll tell you who gives it right now

[14:09] {shorty} Mine is due in September. We are locked at 4. Not sure what to do.

[14:09] {Threei} calculate penalty, see if it makes sense for you to roll it to 3.75 now

[14:10] {shorty} I can do it May without penalty.

[14:10] {Threei} if your bank offers this

[14:10] {shorty} But I am thinking of Manuallife one.

[14:10] {Threei} but if you have to roll to another, they will probably want penalty?

[14:11] {shorty} No, my banker told I can do it in May, 160 days before due. Something like that.

[14:11] {Threei} wow, look at this:

[14:11] {Threei} - may charge Greece additional 100bps if the emergency loans duration is beyond 3 years

[14:11] {Threei} - no loan amounts yet discussed, but if requested the size would be enough to shock markets

[14:11] {Threei} - a decision to help Greece could be decided upon, if needed, within hours

[14:12] {shorty} Hmmm.

[14:13] {Threei} anyway, if that's a rate you are interested in, BMO offers it

[14:14] {RonS} nbg

[14:14] {shorty} I see what you are saying, going to another company, I will get charged? Did not think of that.

[14:14] {Threei} that's how they usually act

[14:15] {shorty} Planning to meet with a financial advisor that friend recomended, who deals (works) with BMO.

[14:16] {jfjf64} NBG

[14:26] {RonS} m

[14:26] {dino} 11k today 3i, i'm making the call

[14:27] {dino} very technical call. brought out the caesara casino coin and tossed it

[14:27] {Threei} I so wish you were right

[14:27] {Threei} but I will have to go against it, and for even more technical reason

[14:28] {Threei} tea leaves!

[14:28] {dino} i am, remember, i'm 3 hours ahead of you

[14:28] {Threei} and chicken entrails

[14:28] {Threei} both say no 11K today

[14:28] {Threei} wel... yeah, 3 hours time difference puts me at significant disadvantage...

[14:29] {Threei} but I am a firm believer in chicken entrails

[14:29] {Threei} and the bones from the left ear of a bat caught at midnight at the crossroad

[14:30] {dptl} lol

[14:34] {jfjf64} good weekend all

[14:34] {shorty} Have a good weekend jfj64

[14:34] {Threei} have a good one jf

[14:35] {jfjf64} 11k hat away to next week

[14:35] {dino} cy jf

[14:35] {jfjf64} maybe

[14:35] {jfjf64} maybe notttttttttttttttttt

[14:36] {jfjf64} 11k ofcourse ill be here lol

[14:37] {Threei} :)

[14:42] {Threei} WATG

[14:43] {Threei} something there...

[14:43] {Threei} hits two windows pf a scanner at once

[14:44] {dptl} something with yahoo?

[14:44] {dptl} spiked

[14:44] {Threei} no news other than morning upgrade

[14:44] {Threei} nothing on YHOO yet

[14:45] {strider} Wonder Auto and China Automotive should report storng Q1 results, says Merriman

[14:45] {strider} After a Chinese trade association reported that China's auto sales in March rose 63% year-over-year, Merriman expects Wonder Auto (WATG) and China Automotive (WATG) to report strong Q1 results and make optimistic comments about their near-term outlook. The firm maintains a Buy rating on Wonder and a Neutral rating on China Automotive. :theflyonthewall.com

[14:45] {strider} from 1:06PM

[14:46] {Threei} yeah...

[14:47] {RonS} watg 2 mil sh short...18% float

[14:50] {strider} CNBC reports: 87% of consumers plan to spend less on alcohol in 2010.

[14:50] {strider} You've got your work cut out for you, vad.

[14:50] {Threei} that's OK, dp is there to help me out

[14:50] {shorty} Plan, I plan to a lot of things that don't work out.

[14:51] {RonS} 81% admitted they were lying

[14:51] {shorty} lol

[14:51] {dptl} :)

[14:51] {RonS} m...squeeze

[14:51] {strider} 19% couldn't remember the interview.

[14:52] {dptl} lol

[14:52] {RonS} :D

[14:53] {strider} And some guy with 3 eyes refused to answer the questions.

[14:53] {strider} Pled the 5th.

[14:53] {Threei} in Arameic

[14:54] {Threei} which he thought was Swahili

[14:57] {RonS} watg outta gas

[15:13] {shorty} Short CIEN .29 Threei. Stuck at .23 right now.

[15:16] {nemo} I'm back

[15:16] {nemo} awiav?

[15:16] {shorty} Nello nemo

[15:16] {nemo} nuck you shorty

[15:16] {Threei} no... too narrow

[15:16] {shorty} Ohhh,

[15:16] {nemo} oh jeez yeah, wow

[15:16] {shorty} lol

[15:18] {nemo} thought it was 11k Day

[15:20] {dino} it is

[15:23] {Threei} we have a wager going here, nemo

[15:23] {Threei} as usual

[15:23] {Threei} 6 pack

[15:23] {Threei} no larisa, so carrot juice is not a part of it

[15:29] {dino} 24 pts

[15:29] {shorty} covered .23 CIEN

[15:31] {dino} last try cagc .oo l

[15:32] {Threei} dino, my guess... THEY don't want to run into 11K, they want to GAO over it

[15:32] {Threei} SAP

[15:33] {Threei} GAP

[15:33] {Threei} to trap the shorts withgstops

[15:33] {strider} and more.

[15:33] {Threei} with stops

[15:33] {Threei} force them to cover higher

[15:34] {Threei} imagine how perfectly evilish it is

[15:34] {Threei} keep them nervous all gthe weekend,

[15:34] {nemo} just short covering from here going into the weekend could push it over

[15:34] {Threei} sit in relative in safety in case Greece disappears from the map on Sunday

[15:35] {Threei} then open the market over 11K

[15:35] {Threei} and don't even kill them - make them kill themselves

[15:36] {Threei} I would say it's the most elegant way to do it

[15:36] {Threei} and if some bad news comes iover the weekend, even better - sucker in more shorts

[15:37] {Threei} then drive to the psychological barrier again

[15:37] {shorty} Good thing I do not hold over night.

[15:39] {Threei} 22 points

[15:39] {Threei} 21 min left

[15:39] {Threei} easy doable

[15:41] {dino} wants it

[15:43] {shorty} Have a good weekend everyone.

[15:43] {Threei} not going to watch the show till end shirty??

[15:43] {dino} cya shorty

[15:43] {shorty} shirty....kick me while I am down Threei?

[15:44] {Threei} lol... sorry, keys next to each other

[15:44] {RonS} ...you can call me ray, or you can call me jay, but don't call me shirty...

[15:44] {nemo} o.k. Johnson

[15:44] {shorty} I know....I will watch the replay tonight. My kids are driving me nuts right now, fighting and all. I can't concentrate anymore.

[15:45] {Threei} darn backchewers

[15:45] {dino} don't call me late for dinner

[15:45] {dino} 19 pts

[15:45] {Threei} 16

[15:46] {dino} :O

[15:46] {RonS} ...my dad says knuckledraggers, but what are backchewers?

[15:46] {Threei} lol... it sounds tastiet in russian... spinogryzy

[15:47] {dptl} lol

[15:47] {dptl} tastier...lol

[15:48] {Threei} backgnawers would probably be closer

[15:49] {dptl} let me google translate it

[15:49] {nemo} so if Greece gets "rectified" big gap up on Monday

[15:50] {dino} gunning them

[15:51] {dino} all green

[15:51] {Threei} 13

[15:51] {dino} hod

[15:51] {Threei} 12

[15:51] {Threei} 11

[15:51] {Threei} 10

[15:51] {Threei} this is fun

[15:52] {dptl} :)

[15:52] {Threei} CH) Aide to Senate Majority Leader Reid (D-NV): Senate could schedule a vote on legislation to address the Chinese Yuan

[15:52] {Threei} - Bill could be voted on if Beijing does not satisfactorily addess US concerns

[15:52] {Threei} Fed's Dudley: Fed rethinking approach to asset bubbles, not able to prevent all asset bubble - radio interview

[15:52] {Threei} -echoes comments from a speech he made on 4/7 regarding asset bubbles.

[15:52] {Threei} - says that the current unemployment rate of 9.7% is unacceptable to the Fed.

[15:52] {Threei} 9

[15:53] {Threei} 7

[15:53] {Threei} 6

[15:53] {ese} hey there....needed to pop in to say have a great weekend......had some turf delivered....was suppose to be delivered now not this morning....had to put it in

[15:53] {dino} cya es

[15:53] {ese} take care all

[15:53] {Threei} ese joi'n the fun

[15:53] {Threei} 5 points to 11K

[15:53] {dino} 5

[15:53] {dino} 4

[15:53] {Threei} but if you prefer to put turf in...

[15:54] {Threei} 3

[15:54] {Threei} 2

[15:54] {Threei} 1

[15:54] {dino} bammmmmmmmmmmmmmm

[15:54] {Threei} yessss

[15:54] {Threei} 11K

[15:54] {dino} see, that 3 hour advantage helps

[15:54] {Threei} strippers at the door

[15:54] {Threei} no kidding

[15:55] {Threei} I am throwing away chicken entrails

[15:55] {Threei} and tea leaves

[15:55] {dptl} it's like new year celebration

[15:55] {Threei} bat ear bone, I'll keep for now

[15:55] {nemo} happy endings?

[15:55] {dino} lol

[15:55] {dptl} lol

[15:56] {Threei} magoo's loss

[15:57] {RonS} good weekend to all! ;)

[15:57] {Threei} take care Ron :)

[15:57] {dptl} that was fun....have a good weekend all.....:)

[15:57] {Threei} thank you all guys,

[15:57] {Threei} have a good weekend

[15:57] {Threei} see you on Monday

[15:57] {lasertrev} you too vad

[15:58] {dino} cpki

[15:59] {Threei} (US) DJIA moves through 11,000 for the first time since Sept 2008 (related SPY DIA )

[16:00] {dino} what the heck on cpki

[16:00] {Threei} CPKI Looking at acquisition offers, including offers from private equity firms - WSJ (20.75, +2.57, 14.14%)

[16:00] {Threei} 1 min ago

[16:02] {dino} ty

[16:04] {dino} thx and take care all

Mar 23 2010

Pretty much repetition of yesterday - profitable day with a long period of inactivity or small discretionary scalps. RCL short was the best trade early in the morning; the rest mostly came out to scalps. Yesterday's forecast about climb up continuing got confirmed for today; DOW 11K is within easy reach now, and seems inevitable.

Session Time: Tue Mar 23 00:00:00 2010

[08:41] {Threei} WAG Exec: Expects the Health Care bill to impact business: will provide more detail on effects in the future (35.33, 0.00, 0.00%)

[08:51] {Threei} *(CA) CANADA FEB LEADING INDICATOR M/M: 0.8% V 0.9%E; ninth straight month of increases

[08:51] {Threei} - Prior MoM revised lower from 0.9% to 0.7%

[08:52] {Threei} die frikin loonie

[08:53] {Threei} Baidu.com Goldman Sachs Raises price target to $675 from $575; maintains Buy rating

[08:53] {Threei} - Believes Googles move to Hong Kong will benefit Bidu, by capturing 33-75% of google.cn's traffic.

[08:53] {Threei} - This could capture 50% of google.cn's revenue.

[08:55] {_shorty} Good morning

[08:55] {Threei} shorty :)

[08:55] {Threei} (GR) Reportedly German official: EU will not decide on Greek aid at thiss week summit

[08:55] {Threei} (US) US Treasury confirms US and China to hold annual strategic and economic meeting in late May (related USD/CNY FXI )

[08:56] {nemo} I'll call him VC for short (pun intended)

[08:57] {nemo} dude

[08:58] {ese} morning

[08:58] {ese} dude.......

[08:58] {Threei} nemo, ese :)

[08:58] {strider} morning everyone.

[08:59] {ese} st

[08:59] {Threei} strider:)

[08:59] {strider} :)

[09:06] {Threei} TOMO Study Reveals TomoTherapy(R) Technology Plays Key Role in Enabling Concurrent Chemo-Radiation Treatments for Lung Cancer (3.75, 0.00, 0.00%)

[09:11] {dino} gm all

[09:11] {Threei} dino :)

[09:11] {dino} ugh, gas company jack hammering main street right outside my office

[09:12] {Threei} yikes

[09:12] {ese} morning dino

[09:12] {dino} loud

[09:12] {dino} :)

[09:13] {Les} getting rejected from discussions - how humiliating

[09:13] {Les} even the computers don't love me

[09:13] {Les} morning all

[09:14] {Threei} les :)

[09:14] {nemo} awwww...just ignore him, maybe he'll go away...:)

[09:14] {nemo} hi lari :)

[09:14] {Threei} what's with SQNM

[09:15] {Threei} all I see is

[09:15] {Threei} 07:21 SQNM Lazard Raised SQNM to Buy from Hold

[09:15] {larisa} gm :)

[09:15] {Threei} hardly deserves such gap

[09:15] {Les} ooh, pretty green camouflage skin

[09:15] {Threei} larisa :)

[09:15] {Les} larisa

[09:15] {larisa} nemo, vad, les :)

[09:15] {Les} what's on the menu Vad?

[09:17] {Threei} usual suspects

[09:17] {Threei} plus SQNM

[09:17] {Les} Dino, anything crossed your path?

[09:17] {Les} ty vad

[09:17] {dino} amsc, prgo

[09:17] {Les} ty

[09:17] {dino} np

[09:17] {dino} last day for me this week

[09:18] {strider} PRGO AMSC

[09:18] {dino} lol strider, see above

[09:18] {Les} hmm deja vu!

[09:18] {strider} PMI

[09:18] {_shorty} PRGO, was on msnbc, I think. up%

[09:18] {dino} heading towards nc tomorrow strider

[09:19] {_shorty} 5%

[09:19] {strider} really? Should I be concerned?

[09:19] {ese} ccl it's got that vad look with T&S going crazy

[09:19] {dino} indeed

[09:19] {strider} golfing at the coast?

[09:19] {dino} yes

[09:19] {ese} beat the street handily

[09:20] {RonS} gm all sqnm shows 19.4 mil short, 32% of float

[09:20] {Threei} ron :)

[09:20] {ese} ron

[09:20] {Threei} CCL had news

[09:21] {Threei} Carnival Reports Q1 $0.22 v $0.14e, R$3.1B v $3.1Be

[09:21] {Threei} - Q1 - Fuel price increased 80% to $497 per metric ton for Q1 2010 from $276 per metric ton in Q1 2009 and was higher than the December guidance of $474 per metric ton.

[09:21] {Threei} - Guides Q2 EPS $0.26-0.30 v $0.24e

[09:21] {Threei} - Guides FY10 $2.25-2.35 v $2.26e, Rev +$ v $14.4Be

[09:21] {dino} onty

[09:21] {Threei} - Since the start of the calendar year, booking volumes for the remaining three quarters are running ahead of the prior year with prices significantly higher than last year's discounted levels. At this time, cumulative advance bookings for the remainder of the year are in line with last year at higher prices.

[09:22] {Threei} 08:02 ONTY Confirms Merck Serono has temporarily suspended Phase III trials in Stimuvax

[09:22] {Threei} - Note: Merck Serono earlier announced the suspension

[09:23] {Threei} btw, look at RCL as sympoathy play with CCL

[09:23] {dino} nly div. cut

[09:24] {ese} hmmmm chart looks the same

[09:24] {RonS} sks short squeeze- 45 mil, 42% of float

[09:24] {ese} T&S not going as crazy vad

[09:26] {Threei} no, but it can be a follower, so CCL gives you a clue for the next move to use with RCL

[09:27] {RonS} dino, i think nly is div declaration, no?

[09:27] {Threei} let's observe to test that theory

[09:27] {Threei} CCL downticks a little presently

[09:27] {Threei} spiked two min ago

[09:27] {dino} real$ reporting cut of 10 cents

[09:27] {ese} yup

[09:28] {dino} from .75 to .65

[09:28] {RonS} ah

[09:28] {ese} am not likin the .12 spread though

[09:28] {jfjf64} morninall

[09:28] {Threei} RCL is tighter

[09:29] {Threei} and breaks 52 weeks high

[09:29] {Threei} jf :)

[09:29] {ese} jf

[09:30] {jfjf64} ese how italy

[09:30] {lasertrev} gm

[09:30] {ese} amazing

[09:30] {Threei} trev :)

[09:31] {Threei} RCL explosion

[09:31] {ese} damn rcl..........didn't get filled

[09:31] {Les} we missin the boat

[09:31] {dino} wfc to .68

[09:31] {Les} no pun intended

[09:31] {dino} whoa slip[page to .60, +.10

[09:31] {ese} went for linit order with the big spreads

[09:31] {fernp} Good morning everybody

[09:31] {ese} limit

[09:31] {Threei} fern :)

[09:32] {Threei} LVS, watching for pullback entry

[09:32] {Threei} closer to .70

[09:32] {nemo} support .64

[09:32] {Threei} .70 recross

[09:33] {Threei} if stays above .60

[09:34] {Les} palm squeeze

[09:34] {Threei} Short Setup: RCL .45

[09:34] {Threei} if stays under .60

[09:35] {nemo} rinse lvs

[09:35] {Threei} rinse?

[09:35] {nemo} or defacto rinse

[09:35] {Threei} it never triggered

[09:35] {nemo} o.k. we need another name for it

[09:35] {nemo} look

[09:36] {Threei} the name's invalidation

[09:36] {Les} .70 break with .60' stop

[09:36] {Les} ?

[09:36] {nemo} yeah, it bounced right at the 200 ma

[09:37] {Les} half out .80

[09:37] {nemo} lvs pullback

[09:37] {Les} and stopped 2nd half

[09:37] {dino} snda sm l .25

[09:40] {Threei} US) Preview: Feb Existing Home Sales due out at 10:00ET

[09:40] {Threei} **consensus expectation: 5.00Me v 5.05M prior

[09:40] {Threei} US) Preview: Jan House Price Index due out at 10:00ET

[09:40] {Threei} **consensus expectations: -0.8%e v -1.6% prior

[09:40] {Threei} US) Preview: March Richmond Fed Manufacturing Index due out at 10:00ET

[09:40] {Threei} **consensus expectation: 5e v 2 prior

[09:41] {dino} issi

[09:41] {nemo} big beat

[09:42] {Les} PMI acquiring vol.

[09:42] {ese} l flex .26

[09:42] {Threei} Short Setup: RCL .45

[09:42] {Threei} if stays under .60

[09:43] {Threei} not a scalp

[09:43] {Threei} partial out

[09:43] {Threei} 1:1, half out

[09:43] {Threei} stop to .51

[09:44] {Threei} bid 1/4 more under .20

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

[09:44] {Threei} .17

[09:45] {Threei} bid last portion under .10

[09:45] {dino} nice

[09:45] {Threei} stop b/e

[09:45] {nemo} missed it...had broke before I got it up on the screen

[09:45] {_shorty} nice

[09:45] {ese} out flex .24 -.03

[09:45] {ese} market went against me

[09:45] {dino} rino luv

[09:45] {Les} stupid not to chase rcl 3 cents

[09:46] {dino} snda stopped -.32

[09:46] {Threei} (GR) Austria Fin Min: Have not ruled out removing Greece from Eurozone

[09:46] {Threei} wow

[09:46] {Threei} that's harsh

[09:46] {nemo} this time it was stupid not to chase Les

[09:46] {nemo} never stupid not to chase

[09:46] {Les} yeh considering reward potential

[09:47] {nemo} hindsight

[09:47] {Les} took PMI for +.10 some consolation

[09:47] {dino} like getting kicked out of a golf match

[09:47] {Les} ?

[09:47] {Les} pray tell dino

[09:47] {dino} the greek news

[09:47] {Threei} them are fighting words eh

[09:47] {dino} indeed

[09:48] {Les} so Austrians speaking up for what Germans dare not say?

[09:48] {Threei} (SP) Spain PM Zapatero: Euro group must help Greece move forward and re-enforce economic goverance

[09:48] {nemo} home of Hayek and Von Mises

[09:48] {Threei} Salma??

[09:48] {nemo} yeah, really

[09:48] {Threei} lol

[09:49] {nemo} one of my all time favs

[09:49] {Threei} ugh

[09:49] {Threei} one thing I am kicking myself for

[09:49] {Threei} INCY .45 break

[09:49] {Les} oh right. found your hayek. not an economic intellectual I see

[09:49] {nemo} who cares

[09:49] {Les} evidently not you

[09:50] {Threei} not me either

[09:50] {Threei} me shallow

[09:50] {nemo} regarding Salma that is, have a library full of Hayek

[09:50] {dino} hottie

[09:50] {Threei} INCY starts looking like one ot them slow climbers of a salmon type

[09:51] {Threei} see if gives a pullback for entry and hold for a bigger move

[09:51] {RonS} incy 46% of float short

[09:52] {Threei} pullback under .60, as close to .50 as you can get

[09:52] {Threei} ty Ron

[09:52] {RonS} np

[09:52] {Threei} break of .45 was no brainer...

[09:52] {Threei} I missed it, and then wasn't sure about pullback into it

[09:52] {Threei} which was unforgivable miss of entry

[09:53] {Threei} PEIX Strength attributed to positive comments from Stansberry (timing uncertain) (2.14, +0.20, 10.31%)

[09:53] {Threei} gosh, PEIX isn't delisted yet

[09:54] {ese} back L again seed .08

[09:54] {ese} by the way took at _.06 loss in seed at the end of the day yesterday

[09:55] {ese} -.06

[09:55] {Threei} that's not a loss

[09:55] {Threei} that's a, umm, tribute to gods of uncertainty

[09:55] {ese} lol

[09:55] {Threei} view it as a sacrificial chicken

[09:55] {Les} knowing ese's share size, that be damn big sacrificial chicken

[09:56] {Threei} my bet is, he doesn't play a lot on SEED

[09:56] {ese} ya was into it for 5k

[09:56] {Les} I was actually long with you yesterday ese

[09:56] {Threei} see? miniscule

[09:56] {Les} prgo 55

[09:56] {Threei} come on INCY, let us in

[09:57] {ese} 2.5 then 2.5 avg at .08

[09:57] {ese} how did you do with it las

[09:57] {ese} les

[09:57] {Threei} Long Setup: LVS .40

[09:57] {Threei} if stays above .30

[09:58] {dino} tyie vol. spike

[09:58] {dino} tie

[09:58] {Threei} (GR) Reportedly German CDU member has stated that France would need to go it alone were it to support Greece

[09:58] {Threei} - Has asked Chancellor Merkel to resist calls to provide aid for Greece at EU meetings later in the week

[09:59] {Les} good call. Sarkozy so weak, he would be crucified in federal elections if he did that

[09:59] {Threei} *(US) MAR RICHMOND FED MANUFACTURING INDEX: 6 V 5E

[09:59] {dino} chyk gap fill nov/dec

[09:59] {dino} chk wow can't type

[09:59] {Threei} ok someone, shoot me please for missing INCY

[09:59] {Threei} sorry dino... my fault... it's contagious

[10:00] {dino} grrrrr

[10:00] {Threei} US) FEB EXISTING HOME SALES: 5.02M V 5.0ME

[10:00] {Threei} US) JAN HOUSE PRICE INDEX M/M: -0.6% V -0.8%E

[10:00] {Threei} no worky LVS

[10:00] {fernp} stopped LVS

[10:01] {_shorty} STX

[10:01] {Les} stopped and reversed .30 lvs

[10:01] {Threei} nice

[10:01] {_shorty} missed it at 20.25

[10:02] {Les} incy

[10:02] {Threei} OK

[10:03] {Les} out lvs +.14

[10:03] {Threei} hunt's on for bottom of pullback

[10:03] {nemo} you short LVS les?

[10:03] {Threei} one more leg down, INCY

[10:03] {Les} was

[10:04] {nemo} lvs coming into maor suport

[10:04] {dino} rino stop to .49

[10:05] {dino} tighten

[10:05] {Les} SEED lost me 1 cent only ese. As 50 ma began pushing it down I pulled plug under 10

[10:05] {fernp} .60 break INCY?

[10:05] {Threei} don't like that

[10:06] {Threei} I'd prefer one more dive

[10:06] {Threei} into .50 or just below

[10:06] {Les} 50 ma .43 as support for incy

[10:06] {Threei} yes, like this, just a tad more

[10:06] {Threei} if market jumps up, .55 break is acceptable entry

[10:07] {Threei} if loses .50 , just get in on first strenght

[10:07] {Threei} keeping an eye on the market of course

[10:07] {Threei} .56 it is

[10:07] {Threei} stop for extreme scalpers under .50

[10:07] {Threei} for day traders under .45

[10:09] {ese} well...seed is more than making up for yesterday now les

[10:10] {dino} rino good girl too

[10:10] {Les} sigh

[10:11] {Threei} very nice one ese

[10:11] {ese} tks

[10:11] {Threei} pesky scalpers got 1:1

[10:11] {dino} oil green

[10:12] {ese} am looking for .78 on seed ....high from last friday

[10:13] {dino} sm l chk .15

[10:13] {Threei} stop to under .50 for everyone on INCY

[10:13] {Threei} minimize risk, in case it's done for the day

[10:14] {nemo} whoa cat

[10:14] {Les} I quit incy .59

[10:16] {Les} vphm

[10:18] {dino} out rino .03, +1.03

[10:18] {Threei} wtg

[10:18] {Les} wow

[10:18] {Threei} day traders got 1:1 INCY

[10:18] {dino} ty

[10:19] {Les} took incy again on .60 break for 2k. made a difference.

[10:21] {nemo} lvs holding support

[10:22] {dino} nly s .11

[10:22] {Les} inverted h&s developing lvs?

[10:23] {Threei} yes

[10:27] {Threei} Long Setup: LVS .25 if stays above .20

[10:27] {dino} jst sm l .50

[10:29] {Threei} EUR/CHF Cross hits lifetime low below the 1.4295 level

[10:29] {Threei} wow

[10:30] {Les} it can keep going, I want our holiday 30% off this summer :)

[10:30] {Threei} please my loonie with it too

[10:30] {_shorty} Kids fly free to Disney Land with westjet.:)

[10:31] {Threei} Market Internals update at 10:30ET

[10:31] {Threei} - NYSE volume 225M shares, about 8% below its three-month average; advancers lead decliners by 1.4:1.

[10:31] {Threei} - NASDAQ volume 545M shares, about 7% above its three-month average; advancers and decliners are about even.

[10:31] {Threei} - VIX index flat at just over 16.50.

[10:31] {fernp} FAS 94 break, Vad? is valid?

[10:32] {Threei} hard to tell fern

[10:32] {Les} l vphm .03

[10:32] {Threei} not sure

[10:32] {nemo} out lvs

[10:33] {magoo} hi guys

[10:33] {Threei} hey mags

[10:33] {Threei} hmmmm

[10:33] {Les} mags

[10:33] {dino} sllllllllaaaaaaaaappppppppp

[10:33] {Threei} WHRT Announces Levacor VAD Implant at the University of Utah

[10:33] {strider} Aaaaaahhhhhh!

[10:34] {Threei} Ventricular Assist Device (VAD)

[10:34] {Threei} okay then

[10:34] {Les} a bigger willy? alcohol resistant liver? what is it?

[10:34] {dino} lol

[10:34] {Les} oh, ok

[10:35] {_shorty} lol

[10:37] {Threei} Short Setup: CAT .75 break

[10:37] {Threei} if stays below .85

[10:38] {Threei} should be good for 1:2 if works

[10:39] {nemo} support at .64

[10:40] {dino} amsc to .99

[10:43] {nemo} 1:1 cat

[10:43] {Threei} 1:1

[10:43] {fernp} ty Vad

[10:43] {Threei} welcome sir

[10:43] {Threei} half out for me, and stop to .81

[10:43] {Threei} to b/e after losing .60

[10:43] {Threei} and second cover around 1:2

[10:47] {Threei} GR) Fitch: no need to cut ratings if markets are willing to lend at current/reasonable rates

[10:48] {Threei} BBB+ ratings may carry

[10:48] {Threei} - Do not expect to see aid deal for Greece and EU summit

[10:49] {Threei} markets to Fitch: aren't YOU supposed to tell us whether we should be willing to lend or not?

[10:49] {Threei} - Lack of decision on Greece at summit would not tirgger a downgrade if the IMF option is retained

[10:49] {Threei} US taxpayer: anyone cares to know what I think of IMF option?

[10:50] {dino} nmost likely same as me

[10:50] {Threei} done with second portion CAT

[10:55] {dino} ufpi drop, thin

[10:56] {dino} nly bstop to flat

[10:56] {dino} slow sucker

[10:56] {dino} ccme

[10:56] {dino} yuii hod

[10:58] {dino} cov nly +.01

[10:59] {dino} out amsc .97, +.47

[10:59] {Threei} beauty

[10:59] {Threei} trade, not dino

[10:59] {Les} i dunno

[10:59] {dino} :)

[10:59] {Les} starting to get obscene

[10:59] {nemo} ?

[11:00] {dino} jst not working tighten to .39

[11:00] {Les} these profits of dino

[11:00] {dino} just lucky

06[11:01] * nemo slaps dino around a bit with a large trout

[11:01] {dino} prgo hod area

[11:01] {Threei} BELM Latin America Division Signs Agreement With Dell (5.31, +0.03, 0.57%)

[11:01] {dino} nemo, prgo thoughts

[11:01] {dino} thinking break of .50 short

[11:02] {fernp} BK salmon, Vad?

[11:02] {Threei} Under the terms of the agreement, Bell Micro will distribute Dell laptops and netbooks to retailers and SMBs throughout Latin America.

[11:02] {Threei} - Dell products will be shipped from Bell Micro's Miami warehouse to Latin America. In the future, shipments are expected go directly from Dell's manufacturing facilities in China to Bell Micro's facilities in Chile and Brazil.

[11:02] {Threei} it is

[11:02] {Threei} nice looking one too

[11:03] {dino} snda sm l .01 last try

[11:03] {RonS} trannies lod

[11:03] {nemo} solid trendline currently at .50, volume continues to drop although volume spike into high was same as previous high

[11:04] {Les} ok. two shorts on CAT on its way down has put me ahead

[11:04] {dino} gj

[11:04] {Threei} how did you get behind?

[11:05] {Les} never was. but I'm like magoo

[11:05] {Les} I want mooooore

[11:06] {Threei} doctor, give me something to cure my greed... and give me more, more of that!

[11:06] {Les} don't laugh

[11:06] {nemo} prgo been bouncing of 50 ma also dino

[11:06] {Les} but am learning tao principles from Winney the Poo

[11:07] {Les} as author writes, life is fun (if we don't overthink it too much)

[11:07] {nemo} oh gawd

[11:07] {Les} am beginning to thoroughly enjoy myself here

[11:07] {Les} Nemo - not a word!

[11:07] {dino} hum dee dum les

[11:08] {Threei} oh come on Les, you know nemo is part of what you enjoy

[11:08] {nemo} yeah, it's enjoyable when I stop :)

[11:08] {Threei} lol

[11:08] {RonS} get the trout nemo

[11:08] {nemo} prgo held trendline dino

[11:08] {dino} see it, will wait

[11:14] {dino} prgo makes me thin of pasta

[11:14] {_shorty} lol

[11:14] {nemo} haha haha

[11:14] {strider} nobody gets thin from pasta.

[11:14] {nemo} Yeah, Prego and Chef Boyardee, two of the first commercial sauces

[11:15] {dino} carbs kill me

[11:15] {dino} sm l ufpi .50, wide

[11:15] {Les} making me fatter but I ain't complaining. Italy, yum

[11:16] {nemo} Only food I couldn't out eat my father-pasta

[11:17] {Les} prgo trying to catch some momo

[11:18] {dino} lol serious understatement

[11:18] {nemo} feel like going back to bed market so narrow

[11:19] {Threei} VVUS Hearing chatter of possible bid for rights to Qnexa (9.30, +0.39, 4.38%)

[11:26] {nemo} boy were we dumb dino (I know, speak for myself) look at the volume progression on tht prgo break above .60

[11:27] {nemo} the 2nd one

[11:28] {dino} yes

[11:34] {_shorty} It's like the market decided to stop.

[11:34] {Threei} Short Setup: AMZN half lot .50 break

[11:34] {Threei} if stays below .65 - .70

[11:35] {Les} out vphm +.12

[11:36] {magoo} i looks like long also vad if triggs past .65

[11:40] {nemo} wynn active

[11:40] {dino} ufpi stopped

[11:41] {dino} -.35

[11:42] {magoo} out .90 + .25, dont like going against our sen-sey

[11:43] {Threei} it never lost .50

[11:43] {Threei} triggered other way

[11:43] {Threei} so it's not against

[11:43] {_shorty} Stepping out, not that I have given a lot today to you guys. Be back in a couple.

[11:43] {nemo} don't trip over the rug shorty

[11:43] {Threei} (GR) German Chancellor Merkel: Could be "last resort" aid if Greece cannot access private credit

[11:43] {nemo} sorry...

[11:43] {_shorty} dang too late

[11:43] {nemo} not really..

[11:44] {_shorty} lol

[11:46] {dino} cya shorty

[11:47] {fernp} LVS .20 break, Vad?

[11:48] {dino} wow ufpi rinsed

[11:49] {Threei} doesn't really cooperate today fern

[11:49] {Threei} can't tell

[11:49] {fernp} ok

[11:51] {Les} been playing with VVUS. did myself damage by buying the b/o at .31 and not the pullback.

[11:51] {Les} I don't wanna friggin listen to ya vad

[11:51] {nemo} slow range bound market Les, almost always pullbacks

[11:52] {Les} would have come done nicely on .25 pullback. still, the experience makes a small loss ok

[11:53] {Threei} of course not... why would you listen to me when I say "do not buy breakouts on momentum movers, go for pullbacks instead" only what, 10,000 times... now if I said it 12,000 times - then of course...

[11:53] {nemo} you're paying tuition, with paper trading no less

[11:53] {nemo} you would have wasted 2000 more breaths

[11:57] {dino} lol

[11:57] {Les} oh belt up dino, you're too late

[11:57] {dino} the harvard education cost

[11:57] {Threei} he is on dialup Les

[11:57] {Les} oh

[11:57] {Threei} he reads your first joke when you finish third

[11:57] {dino} yeah, lol

[11:57] {KSystems} morning

[11:58] {Threei} KS :)

[11:58] {Les} hi KS

[11:58] {dino} noon here ks

[11:58] {Les} evening here

[11:58] {nemo} jeez KS, you workin' too hard

[11:58] {Threei} and when he types LOL he doesn't know yet that no one else laughed

[11:58] {nemo} dino has his own sense of humor

[11:58] {Threei} lucky him... I have none

[11:59] {nemo} mmmmmhhhh...Lari should be jumping in very soon

[11:59] {Les} lunchtime. a girl's gotta eat

[12:01] {Les} out NLY +.01 dino. didn't make .01 target I had for it.

[12:01] {Les} wow and it just popped

[12:03] {Les} looking at PRGO breaking below 56

[12:05] {ese} am still hangin L tie .94

[12:06] {ese} might be the wong time of day ....we'll see

[12:09] {dino} ufpi breakof .50 sm l

[12:10] {dino} gappy sucker careful

[12:10] {dino} prgo go go going, wow

[12:11] {nemo} it hit the 50 ma and took off

[12:11] {ese} you in prgo dino

[12:12] {dino} no

[12:13] {nemo} had that little DB and the ma, but no real volume indication on the turn

[12:13] {dino} scanners went solid green

[12:14] {ese} out 1/2 tie +.06 remainder stop to .95

[12:15] {dino} gj

[12:17] {ese} tks

[12:17] {Threei} ICXT Wins $3M SCADA Contract with the Tennessee Valley Authority (TVA)

[12:17] {Threei} - issued a blanket $3 million contract from the Tennessee Valley Authority (TVA), the largest public... (7.44, +0.24, 3.33%) more...

[12:17] {Threei} - issued a blanket $3 million contract from the Tennessee Valley Authority (TVA), the largest public power company in the United States, for remote terminal units (RTUs). TVA has selected the Callisto Edge from ICx as a small RTU to deploy throughout their supervisory control and data acquisition (SCADA) system.

[12:19] {ese} stopped remainder tie .95

[12:19] {Threei} VVUS quite impressive move

[12:23] {dino} givn

[12:25] {Threei} guys, anyone has Amazoin's Kindle?

[12:25] {strider} not me.

[12:26] {strider} I take it you do.

[12:26] {strider} I'd be interested in one, if they had the books I read.

[12:26] {dino} nope

[12:26] {strider} Which they don't.

[12:27] {Threei} I don't

[12:28] {strider} Personally, I don't see a future for those things.

[12:28] {Threei} am not interested

[12:29] {Threei} it's that amazon placed a link to Kindle edition of my book without my permission, I demanded they took it off,

[12:29] {strider} ah.

[12:29] {Threei} they said it's not available for buying anymore even if the page is still there,

[12:29] {Threei} but I can't check it since I am not a Kindle owner, and attempt to click on it tells me that I have no kindle account

[12:30] {nemo} cat testing highs in a jbe formation, kinda'

[12:38] {fernp} LINTA 15 break short, Vad?

[12:38] {Threei} worth a tgry

[12:38] {Threei} try

[12:38] {Threei} slow and narrow

[12:38] {fernp} ty

[12:38] {Threei} but I take it that's what you wnat

[12:39] {nemo} muy fern

[12:39] {fernp} 5c stop neno

[12:40] {nemo} si, muy fern

[12:40] {fernp} is attractive :-)

[12:40] {nemo} bonita?

[12:41] {fernp} yes

[12:41] {Threei} GOOG Chinese authorities have apparently made no move to cut off mainland access to Google's Hong Kong site - WSJ (595.81, +16.09, 2.78%) (related BIDU FXI )

[12:49] {Threei} 1:1 is coming

[12:49] {fernp} 1:1 LINTA took 15.00

[12:49] {fernp} ty vad

06[12:52] * KSystems slaps Threei around a bit with a large trout

[12:52] {Threei} hmmm

[12:52] {Threei} oh well

[12:52] {dino} dino seconds it w/ slllllaaaaaaaapppppppppppppp

[12:53] {Threei} lol

[13:01] {Threei} *(US) TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.000%; BID-TO-COVER RATIO: 3.00 V 3.33 PRIOR AND 3.10 AVE OVER LAST 10 AUCTIONS

[13:06] {RonS} mpg momo

[13:07] {Threei} Maguire Properties, Inc. Reports Q4 FFO $0.03 v $0.04 y/y, R$119M v $108Me

[13:07] {Threei} - As previously announced, six special purpose property-owning subsidiaries are in default on their mortgage loans.

[13:13] {fernp} .70 KEG is valid breakout, Vad?

[13:14] {Threei} questionable

[13:14] {fernp} ok

[13:15] {Les} Vad whatdya think of SQNM for a type 1 .29 b/d?

[13:15] {Threei} (GR) German Chancellor Merkel: - Germany will only agree to an aid model that combines IMF and bilateral aid.

[13:15] {Threei} - Follow up 12:08ET: Reportedly Germany and France have agreed on a role for the IMF in Greek situation

[13:15] {Les} 50/200ma at .33 and coming down

[13:16] {dino} jst to .89

[13:16] {Threei} toughie Les... don't know

[13:17] {Les} ok thanks

[13:17] {fernp} and MJN .50 break, vad=

[13:17] {fernp} ?

[13:19] {Threei} a bit better looking than KEG

[13:19] {Threei} but still... 51/49

[13:19] {dino} to .02 jst

[13:19] {fernp} ok

[13:19] {Threei} don't you find it wierd

[13:19] {Threei} Germany and France have agreed on a role for the IMF in Greek situation

[13:19] {Threei} anyone asks IMF?

[13:20] {dino} imf has offered

[13:20] {Threei} really?

[13:20] {Threei} I missed that

[13:20] {dino} but technically it will be like iceland was a default

[13:21] {ese} gotta go all catch you tomorrow.......

[13:21] {Threei} take care ese

[13:21] {dino} cya es

[13:21] {ese} cya vad dino

[13:21] {fernp} FAZ .85 breakdown?

[13:22] {Threei} NEXM

[13:22] {Threei} NexMed Inc. Enters into Distribution Agreement for Japan

[13:22] {Threei} - wholly-owned subsidiary, Bio-Quant has signed a distribution agreement with Cosmo Bio Co., Ltd, under which Cosmo Bio will market Bio-Quants discovery and pre-clinical contract research services throughout Japan

[13:31] {dino} jst out .02, +.52

[13:31] {Les} sqnm

[13:32] {dino} ufpi to .97

[13:32] {fernp} MJN 1:1

[13:33] {dino} gj fern

[13:34] {Threei} yeah, fern goes into lunch period armed with penny-squeezing methodology

[13:35] {fernp} lol KEG one cent for 1:1

[13:36] {Threei} want to hear something very disturbing?

[13:36] {magoo} dino farting?

[13:36] {Threei} I am sure that IS disturbing but local - as in, limited to you as a disturbance :)

[13:36] {dino} hey!

[13:37] {dino} stingy time ufpi to .01

[13:37] {Threei} so, out of majority disliking current health care bill, big enough portion dislikes it because it's not liberal enough, to create majority if added to those who like it

[13:38] {Threei} meaning, if bill was much more left leaning, publick actually would have liked it more

[13:38] {dino} don't believe that at all

[13:38] {Threei} enough to give it overwhelming public support

[13:38] {dino} spin doctors at work

[13:38] {Threei} that's what breakdown of numbers says....

[13:38] {RonS} orwellian

[13:38] {nemo} Cosmo got a job?

[13:38] {Threei} those voting no answered additional question

[13:38] {Threei} about reasons for their no

[13:38] {dino} tie app hod

[13:39] {Threei} if it's true this country is finished ladies and gentlemen

[13:39] {nemo} well, it will at least go the way of England

[13:41] {Threei} AIG...

[13:43] {Threei} RMBS Expect long term annual revenue to reach $500M v $113M in 2009 - analyst day presentation

[13:43] {Threei} - may diversify through acquisition in non-semiconductor areas

[13:43] {dino} long term, like what 10 years

[13:43] {Threei} over the long term annual revenue goal, $300M to come in DRAM, $200M in memory controllers

[13:43] {Threei} - highlights currently in patent licesnse discussions with Elpida

[13:45] {dino} out ufpi ave .02, +.50

[13:50] {Threei} Long Setup: AIG .005

[13:51] {Threei} if holding above 33

[13:51] {RonS} .05?

[13:51] {Threei} yes

[13:59] {fernp} no go AIG

[13:59] {Threei} ??

[13:59] {nemo} it didn't trigger before it invalidated

[13:59] {fernp} i know, it was invalidated

[14:00] {fernp} but i tried w stop under .97, my fault

[14:00] {nemo} that's why vad had the "??" after your no go comment

[14:00] {magoo} mkt killed setup

[14:00] {Threei} Market Internals update at 2:00ET

[14:00] {Threei} - NYSE volume 545M shares, about 11% below its three-month average; advancers lead decliners by 1.2:1.

[14:00] {Threei} - NASDAQ volume 1.44B shares, about 6% above its three-month average; advancers lead decliners by 1.1:1.

[14:00] {Threei} - VIX index -1.25% to just over 16.50

[14:00] {Les} out +.15 sqnm 3k. oooh I like those numbers

[14:01] {magoo} i like the set up here

[14:01] {magoo} if triggs

06[14:02] * magoo slaps Les around a bit with a large trout

[14:02] {magoo} how u like THAT?

[14:02] {Les} I didn't jinx it!

[14:03] {Threei} (US) US Treasury Pay Czar Feinberg trims pay for 2010 by 15% y/y for AIG, GMAC, Chrysler executives

[14:05] {Threei} - cash compensation will be kept below $500K

[14:05] {Threei} - sends request on pay data for top 25 executives at the 419 firms that received TARP funds during period that encapsulates the 2008 end of year bonus season

[14:06] {Threei} reminds me an ancient joke from the 1917 revolution times... "Bolsheviks fight to eliminate rich people! - Hmm...I'd think let's fight to eliminate poor ones..."

[14:08] {nemo} is aig back on?

[14:08] {Threei} not by me

[14:10] {magoo} in

[14:10] {magoo} .40 area

[14:10] {fernp} this time yessss

[14:10] {nemo} yeah, it was a little inverted H&S

[14:10] {fernp} out AIG

[14:11] {magoo} one more leg palease

[14:11] {nemo} not lookin' good dude

[14:12] {fernp} in WCRX .21

[14:12] {fernp} .14 stop

[14:12] {nemo} cat

[14:13] {fernp} 1:1 WCRX

[14:18] {magoo} [14:12] {nemo} not lookin' good dude

[14:18] {Threei} he mant to say "not good looking dude" mags

[14:18] {magoo} waiting .40 area

[14:18] {Les} sqnm hod

[14:19] {nemo} where's your stop mags

[14:19] {Threei} HRLY Hires advisor to explore strategic opportunities (update) (14.93, +0.79, 5.59%)

[14:21] {nemo} rimm had a good day

[14:22] {magoo} 33.05.

[14:22] {magoo} flat

[14:23] {magoo} im gonna regrett this exit

[14:23] {Les} GS db?

[14:23] {magoo} .67 probably

[14:25] {Les} aapl momo

[14:25] {magoo} wow, how u like dem dare aapl's

[14:33] {Threei} 49% Support State Lawsuits Against Health Care Plan

[14:34] {magoo} thats because 49% of adult us population is/are lawyers

[14:35] {Threei} A number of states, including Texas, Pennsylvania, Virginia and Washington, have already announced plans to sue the government over what they view as an unconstitutional requirement that every American buy or obtain health insurance.

[14:35] {Threei} Seventy-two percent (72%) of Republicans and 58% of voters not affiliated with either major party favor such lawsuits. Sixty-five percent (65%) of Democrats are opposed.

[14:38] {Threei} RCL Update: Price Target raised to $35 from $30 at BofA/Merrill Lynch, maintains Buy rating (33.12, +1.69, 5.38%)

[14:41] {Threei} US Senator's Schumer and Graham: China remains a currency manipulator

[14:41] {RonS} State suits are a sideshow. This is the crux: http://seekingalpha.com/article/172322-the-fatal-flaw-in-healthcare-reform

[14:41] {Threei} {China} me? me?? You... you.. YOU MANIPULATOR! There!!

[14:42] {RonS} Claude Rains: I am shocked, shocked there is gambling in this establishment!

[14:42] {nemo} Of all the gin joints

[14:43] {RonS} right after..."Here are your winnings from this evening, inspector."

[14:43] {Threei} yeah Ron, I posted simoilar link yesterday

[14:44] {Threei} that's something that can destroy not just new system but old too

[14:44] {RonS} sorry, must have missed it...

[14:44] {RonS} ...yep, I am contemplating this for my own situation...

[14:46] {RonS} ...may be fait accompli as rates skyrocket. I think the upshot of this will be more uninsured. Then will come toatal takeover, which has always been the plan.

[14:47] {Threei} and the way it's going to be justified will be:

[14:47] {dino} ironically, medicare and medicaid are already going bankrupt, lets add another guanteed loser

[14:48] {Threei} see, we told you capitalism doesn't work in health care, and insurance companies are evil; you resisted so we gave them another chance, now they proved it doesn't work, so we are back to publick option

[14:48] {Threei} beauty, politically wise...

[14:48] {RonS} ...and...hey we need a VAT tax to pay for it...

[14:48] {Threei} design a system dead on aiirval, wait till it dioes, use it as a prove you need another

[14:48] {dino} low dollar deductibles/copays will bankrupt this quick. msa was the only reasonable chance to make it work

[14:49] {nemo} yes, but it's a "right" now and people will use as much of anything when it's "free"

[14:50] {dino} thats my point, no skin in the game so they will abuse it

[14:53] {Threei} destroyong it in the process

[14:53] {nemo} that's likely the desired outcome

[14:54] {nemo} the Alinsky model

[15:02] {dino} back in 10

[15:02] {_shorty} So what stock is the one to watch for end of day?

[15:02] {nemo} the one you're not watching

[15:03] {Les} aig closing in on 33

[15:03] {Threei} SQNM, probably

[15:03] {_shorty} that is the truth nemo

[15:03] {nemo} mags, you still in aig?

[15:03] {_shorty} thanks Threei

[15:04] {_shorty} Entry of 6.56 Threei, give or take a penny}

[15:04] {_shorty} ?

[15:05] {Les} sqnm now under 50ma. I'd be happier with pullback to 200ma at .43

[15:05] {nemo} Qs about to break?

[15:05] {Threei} I don't have a setup for it

[15:05] {Threei} just keeping it on radar in case it forms one

[15:06] {_shorty} Thanks. Should be ordering your training vid soon Threei.

[15:06] {Threei} wait, let me erase the one where magoo and I perform rain dance in tutus...

[15:07] {_shorty} Hugh

[15:07] {_shorty} ?

[15:07] {nemo} that was HORRIBLE

[15:07] {Les} I think magoo was kinda cute ;)

[15:08] {_shorty} Why would you do a rain dance when you live in Victoria Threei?

[15:08] {nemo} fas momo

[15:08] {Threei} because we were dead drunk and pretended we lived in Sahara

[15:08] {Les} gs

[15:08] {_shorty} lol

[15:09] {nemo} How's anybody gonna' prove it didn't work?

[15:09] {Les} ask the weather bureau for data

[15:09] {Threei} remember I gave my general market outlook yesterday?

[15:09] {nemo} boy that was out of nowhere

[15:10] {magoo} AIG

[15:10] {nemo} moth brain

[15:10] {magoo} what was it vad?

[15:10] {Threei} http://tradinglog.realitytrader.com/2010/03/mar-22-2010.html

[15:10] {Threei} 12:26

[15:10] {RonS} ...nutshell...blowoff top...

[15:10] {Threei} well... in the future

[15:11] {Threei} for now, slow grind up continues

[15:11] {_shorty} You did call it.

[15:11] {Les} long gs 174 small shares

[15:11] {nemo} how's the shoulder?

[15:11] {Threei} it's far from over

[15:11] {nemo} yeah

[15:12] {magoo} ah..just read it

[15:12] {nemo} quietest 50-70 point days on the DOW

[15:12] {Threei} smell of roasted bear meat will linger for a looong time

[15:12] {_shorty} lol

[15:12] {nemo} I don't like bear meat

[15:12] {nemo} caribou, moose, elk, deer....not bear

[15:12] {_shorty} I wont be here tomorrow, will out of town. I will miss this chat room already.

[15:13] {nemo} ahhh......nevermind

[15:15] {Les} show you really love us shorty and lose the _ from your name

[15:15] {nemo} in your specific case, Les...aren't you asking an awful lot?

[15:16] {_shorty} I will, trust me.

[15:17] {Les} you could be a presidential candidate, with one liners like that

[15:17] {_shorty} It is time for change Les.

[15:17] {Les} see what i mean

[15:17] {_shorty} SQNM up

[15:18] {_shorty} I would give you guys Ralph bucks too

[15:18] {_shorty} I am from Alberta

[15:18] {Les} France?

[15:19] {nemo} too funny, fas hit old support trendline and stopped

[15:22] {nemo} this climb is with the $ up also

[15:23] {nemo} volumes dropped quick on spy and Qs

[15:25] {Les} out GS +.68

[15:25] {nemo} hey fern, faz might be ready

[15:27] {dino} gj les

[15:28] {Les} like Vad said. if we know they're manipulating, ain't no reason we can't profit from it. I wanna thank whoever saw FAS going momo

[15:29] {Les} it's paper only, but today is first time hitting $500

[15:31] {_shorty} SQNM long 6.68

[15:31] {_shorty} Exit at 6.62-.63

[15:31] {nemo} ?

[15:32] {Les} I think shorty means stop

[15:32] {_shorty} Yes my stop, I try to call out my exit plan first.

[15:33] {nemo} re-read your comments

[15:33] {_shorty} I need to work on my profit plan next.

[15:33] {nemo} do you mean your stop was .62-.63?

[15:33] {_shorty} yes

[15:33] {Les} lol, you like to know where the emergency exits are 1st when you get on an aeroplane?

[15:33] {nemo} ahhh

[15:33] {_shorty} sorry for not be specific nemo,

[15:33] {Threei} hard to tell...

[15:34] {Threei} it's a bit too slow and narrow

[15:35] {_shorty} Les, lol I do.

[15:35] {Les} must be just me. eyes on the airhostess and alcohol selection... exits are for ...

[15:35] {_shorty} lol

[15:35] {Les} ... smart people

[15:35] {_shorty} I am already drunk by the time I hit my seat.

[15:35] {Threei} Fed's Yellen: inflation pressures are low and trending downward

[15:36] {Threei} affirms 3.5% GDP growth for 2010; 2011 estimated at near 4%

[15:36] {Threei} - now not the time to tighten rate policy; supportive when it is appropriate

[15:36] {Threei} with comments like this, how can market drop

[15:36] {Les} you're right though, vad has taught me to set stop first. just making some bad comedy...

[15:37] {nemo} also, where else you gonna' put your money? treasuries? real-estate? money market?

[15:37] {Les} strong positive growth, no tightening. sounds good.

[15:37] {_shorty} I like the comedy, no worries Les.

[15:37] {RonS} yellin sends the market screamin' ?

[15:37] {nemo} gag

[15:38] {_shorty} Did I make you gag nemo?

[15:38] {Threei} - balance sheet will be reduced over time; asset sales may come after interest rate hikes

[15:38] {Threei} - not concerned about possible inflation from the deficits

[15:38] {Threei} - labor market is in the process of stabilizing, but concerned about possibility for high unemployment for 'years' with output gap persisting to 2013

[15:39] {nemo} Oh look, another market climb on low volume...what a surprise

[15:40] {Threei} sees year end 2010 unemployment at 9.25%.

[15:40] {Threei} - inflation may fall in 2010 and 2011

[15:40] {nemo} ex food and oil of course

[15:40] {_shorty} Out SQNM

[15:41] {RonS} ...and insurance...and taxes...and...

[15:49] {Threei} PALM lost all tradeability

[15:49] {Threei} I hoped this thing would continue wild price swings

[15:50] {Threei} with its liquidity would be fantastic candidate for large lot trades

[15:50] {Threei} at some point likley to become active of course

[15:51] {nemo} we should clear 11k on the dow sometime this week

[15:51] {Threei} 115 points left

[15:51] {Threei} it's nothing

[15:51] {_shorty} The power went out in my house.

[15:51] {larisa} we will not!

06[15:51] * Threei dusts off DOW 11,000 party hat

[15:52] {nemo} wouldn't doubt tomorrow or Thursday at the latest

[15:52] {Threei} we so will larisa

[15:52] {nemo} more important...DOW 11k Vodka bottle

[15:52] {nemo} full, preferably

[15:54] {Les} alright, sleepy time for me.

[15:54] {Les} good day. ciao

[15:54] {Threei} take care les

[15:54] {_shorty} See you friday Les

[15:54] {dino} cya les

[15:55] {_shorty} Thursday

[15:57] {_shorty} Good night all, and thanks. Talk to you guys on Thursday.

[15:57] {dino} out chk +.10

[15:57] {Threei} take care shorty

[15:57] {nemo} Oh, don't forget, if the IMF (US) ends up bailing out Greece we may see new all time highs on the DOW

[15:57] {dino} cya shorty

[15:57] {_shorty} You as well Threei. Look forward to your course.

[15:57] {Threei} larisa... feeling like a bet?

[15:58] {dino} i'm out until monday all, good luck

[15:58] {Threei} everything's OK dino?

[15:58] {larisa} bye dino :)

[15:58] {dino} ty

[15:58] {dino} yes 3i, golf trip

[15:58] {dino} very good two days

[15:58] {Threei} cool have fun

[15:59] {Threei} Fed releases final rules on gift cards aimed at consumer protection

[15:59] {Threei} - The final rules prohibit dormancy, inactivity, and service fees on gift cards unless: (1) the consumer has not used the certificate or card for at least one year; (2) no more than one such fee is charged per month; and (3) the consumer is given clear and conspicuous disclosures about the fees. Expiration dates for funds underlying gift cards must be at least five years after the date of issuance, or five years after the date when funds were last loaded.

[15:59] {dino} out snda -.35

[16:00] {Threei} XNPT Board approves CEO's request to trim his salary by 15% - filing (13.00, +0.16, 1.25%)

[16:00] {Threei} lol

[16:00] {larisa} bye all

[16:00] {Threei} thank you all

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

[16:00] {Threei} see you tomorrow

[16:02] {fernp} Good evening everybody. See you all tomorrow

[16:02] {nemo} Noches