13 2010

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

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

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

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

[08:02] {Threei} why would we

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

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

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

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

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

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

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

[08:17] {Threei} DVAX is interesting

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

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

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

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

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

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

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

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

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

[08:51] {Les} morning

[08:51] {Threei} hey Les

[08:51] {nemo} afternoon

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

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

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

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

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

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

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

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

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

[09:01] {Threei} Argentina agrees

[09:07] {dptl} good morning

[09:07] {nemo} dp :)

[09:07] {Threei} dp :)

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

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

[09:09] {Threei} uh

[09:09] {Threei} oh

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

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

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

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

[09:11] {Threei} exactly

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

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

[09:12] {Les} euro

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

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

[09:13] {Threei} speculators

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

[09:13] {Threei} lol

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

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

[09:20] {dino} gm all

[09:21] {Threei} dino :)

[09:21] {shorty} morning

[09:21] {Threei} shorty :)

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

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

[09:22] {lasertrev} good morning

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

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

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

[09:23] {Threei} yeah

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

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

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

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

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

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

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

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

[09:28] {Threei} stewy :)

[09:28] {dino} sy 65 takeover

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

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

[09:28] {Threei} yeah dino

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

[09:28] {Threei} short

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

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

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

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

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

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

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

[09:31] {ese} GM

[09:31] {Threei} ese :)

[09:31] {nemo} ford

[09:31] {jfjf64} mornin

[09:31] {Threei} jf :)

[09:33] {Threei} LVS

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

[09:34] {Threei} not ready yet

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

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

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

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

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

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

[09:42] {Threei} 1:1

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

[09:43] {Threei} scalpers are scalpers

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

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

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

[09:43] {Threei} sure thing

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

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

[09:44] {Threei} 1:2

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

[09:44] {jfjf64} nice

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

[09:44] {Threei} welcome shorty

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

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

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

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

[09:45] {Threei} out in full

[09:45] {magoo} morning

[09:45] {Threei} mags :(

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

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

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

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

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

[09:46] {shorty} lol

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

[09:47] {jfjf64} lol

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

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

[09:47] {Threei} frikin 40 cents

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

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

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

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

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

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

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

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

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

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

[09:50] {Threei} thank you les

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

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

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

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

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

[09:51] {Les} wfc?

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

[09:52] {nemo} ?

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

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

[09:52] {Threei} probably ready Les

[09:52] {Threei} WFC I mean

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

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

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

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

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

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

[09:53] {Threei} SPY shorty

[09:53] {shorty} ty

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

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

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

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

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

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

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

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

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

[09:56] {dino} bingo

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

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

[09:56] {jfjf64} nflx

[09:57] {jfjf64} wow

[09:57] {Threei} nothing fvresh mags

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

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

[10:00] {Threei} WFC held well

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

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

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

[10:02] {Threei} hmm?

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

[10:02] {dptl} in wfc

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

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

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

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

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

[10:04] {jfjf64} ty 3i

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

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

[10:04] {Threei} scalp of half

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

[10:05] {Threei} so personal decision

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

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

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

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

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

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

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

[10:08] {Threei} 1:2

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

[10:09] {Threei} welcome

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

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

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

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

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

[10:10] {Les} y

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

[10:10] {Les} no

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

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

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

[10:11] {Threei} lol

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

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

[10:12] {Les} indeed

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

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

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

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

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

[10:13] {dino} nflx wow

[10:13] {magoo} nflx nuts

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

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

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

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

[10:16] {dino} amed afam

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

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

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

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

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

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

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

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

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

[10:18] {magoo} .87

[10:18] {magoo} .91

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

[10:18] {magoo} yup

[10:18] {Les} lol damn

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

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

[10:19] {jfjf64} cenx

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

[10:20] {jfjf64} ya ya

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

[10:20] {Threei} wtg

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

[10:21] {Threei} sure

[10:21] {Threei} whew

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

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

[10:22] {Threei} diapers change

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

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

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

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

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

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

[10:25] {Les} alzheimers

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

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

[10:26] {Threei} wow BIDU

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

[10:26] {dino} 800

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

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

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

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

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

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

[10:28] {Threei} buyout mags

[10:28] {Threei} it was true

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

[10:29] {Threei} confirmed after hours

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

[10:29] {Threei} 65

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

[10:29] {Threei} we will behave

[10:30] {Threei} UNG

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

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

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

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

[10:31] {dino} vit

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

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

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

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

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

[10:33] {dino} all green

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

[10:33] {dino} he should shave

[10:33] {Threei} lol

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

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

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

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

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

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

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

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

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

[10:35] {ese} ahhhhhhhhhh appologies

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

[10:35] {ese} +.06

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

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

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

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

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

[10:48] {nemo} .

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

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

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

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

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

[10:51] {dino} cya les

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

[10:51] {Les} screw work

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

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

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

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

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

[11:00] {nemo} AWIAV?

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

[11:01] {Threei} no

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

[11:01] {Threei} yes but

[11:01] {Threei} BIDU

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

[11:01] {magoo} 71?

[11:01] {Threei} 79

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

[11:02] {nemo} half lot

[11:02] {nemo} ?

[11:02] {magoo} joke

[11:02] {Threei} invalidated

[11:02] {nemo} db bounce maybe

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

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

[11:04] {strider} CVGI thin

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

[11:09] {nemo} quote server please

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

[11:09] {Threei} 17

[11:09] {nemo} close

[11:09] {dptl} 3

[11:17] {RonS} .

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

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

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

[11:29] {Threei} BIDU

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

[11:31] {nemo} not yet

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

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

[11:32] {Threei} take care jf

[11:32] {dino} cya

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

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

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

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

[11:32] {magoo} bidu

[11:33] {jfjf64} nice nemo

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

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

[11:33] {nemo} nice

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

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

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

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

[11:34] {jfjf64} lol

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

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

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

[11:45] {Threei} jumpy

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

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

[11:46] {Threei} yes

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

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

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

[11:49] {Threei} take care stewy

[11:50] {nemo} fas

[11:50] {nemo} sorry

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

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

[11:56] {dptl} jwn short?

[11:56] {dino} y

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

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

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

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

[11:57] {dptl} ty

[12:12] {dptl} tie short?

[12:13] {dptl} .70?

[12:13] {Threei} nah

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

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

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

[12:18] {dptl} ok ty

[12:19] {dino} apol lod

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

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

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

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

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

[12:33] {dino} out of touch

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

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

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

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

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

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

[12:44] {dino} lft spike

[12:45] {Threei} LVS

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

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

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

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

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

[12:52] {Threei}

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

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

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

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

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

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

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

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

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

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

[13:00] {nemo} spending=votes

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

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

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

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

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

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

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

[13:03] {magoo} MCO

[13:03] {magoo} MCO

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

[13:03] {dino} greed

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

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

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

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

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

[13:03] {Threei} Related (MHP MCO FIM.FR )

[13:04] {dino} welfare has doomed generation after generation to poverty for most that take it

[13:05] {dino} obamination won the cities not the states

[13:06] {Threei} (US) Fed's Bernanke: Have concerns about Congress's proposals that force spin off of swaps desks from banks

[13:12] {Threei} what do you know... Harry Boxer actually called profitable trade

[13:12] {Threei} SOMX

[13:12] {Threei} too bad we haven't trusted him

[13:13] {Threei} BP Spokesperson: The smaller containment structure will not be in place until next week

[13:13] {dino} lft rinsed

[13:14] {Threei} Deutsche Bank AG CEO: Euro Zone rescue package helps stabilize Spain and Italy, warns Portugal is a different issue

[13:14] {Threei} - Notes that there is some doubt that Greece can repay debt over a period of time; Italy, Spain are strong enough to service their debt.

[13:14] {Threei} - Comments that there is no risk of inflation in the Euro Zone over the next 2-3 years.

[13:14] {Threei} - Portugal will have more trouble servicing its debt than Spain or Italy.

[13:14] {dino} out vit .86, +.70

[13:14] {dino} opps, +.60

[13:14] {strider} had me scratcvhing my head, there dino.

[13:14] {dino} lol

[13:14] {strider} that's scratching in yiddish.

[13:15] {dino} my mind is tired, keep looking at wrong stocks

[13:15] {strider} you still in amed?

[13:15] {dino} y

[13:16] {strider} CYD sure is disappointing.

[13:16] {dino} stop is .54

[13:16] {Threei} crap

[13:17] {dino} understatement

[13:17] {Threei} had a feeling LVS was getting ready for a move,

[13:17] {Threei} but pullback was a bit too deep

[13:17] {Threei} so I dismissed it

[13:19] {strider} APOL looks like a move coming

[13:21] {dino} in at .08

[13:27] {Threei} wow

[13:28] {Threei} I thought I heard all the nonsense there is for the day

[13:28] {Threei} but this takes a prize:

[13:28] {Threei} ECB's Quaden: the Euro saved the EU from experiencing a currency crisis

[13:28] {nemo} in the short term

[13:29] {RonS} ...circular thinking or circle jerk...

[13:29] {nemo} with 60 grit

[13:30] {Threei} must be nice to have this total disconnection of tongue from brain

[13:30] {Threei} GERN Announces Positive Study Data on GRNCM1 (5.76, +0.03, 0.52%)

[13:30] {strider} We talking about les?

[13:30] {Threei} oh come on, he is not here

[13:31] {strider} oh. OK. Didn't realize. That's not fair.

[13:31] {strider} I retract my statement.

[13:31] {strider} Are wwe talking about (fill in your favorite politician here)?

[13:31] {Threei} reported positive preclinical study data showing that GRNCM1, Gerons cardiomyocyte product derived from human embryonic stem cells (hESCs), does not cause cardiac arrhythmias after transplantation into a model of chronic heart damage designed to test this potential safety concern. GRNCM1 is being developed for the treatment of heart failuure

[13:33] {shorty} Are we in anything?

[13:33] {nemo} NO

[13:33] {strider} I"ve got 1 of everything.

[13:33] {dino} y

[13:33] {nemo} Oh yeah...dino

[13:34] {shorty} I could have guessed that dino was.

[13:35] {dino} amed

[13:35] {Threei} AMED Issues statement; will cooperate wiht Senate inquiry

[13:35] {Threei} The letter of inquiry received from Senators Grassley and Baucus references an article published recently in The Wall Street Journal. The article told an incomplete story about the value of home health to patients, their families, and the overall healthcare system.

[13:35] {Threei} - CEO: "We will cooperate with the Committees inquiry. We also look forward to discussing with the Senators the many benefits and advantages home health care provides for the millions of Americans our industry serves"

[13:35] {dino} lol

[13:37] {Threei} ECB's Quaden: Inflation is gone, and will allow period of low interest rates

[13:38] {Threei} inflation be gone... deflation be embraced

[13:39] {dino} these politicians are idiots

[13:40] {Threei} well... yeah

[13:40] {Threei} lol

[13:40] {Threei} but this situation goes well with theor ideology

[13:40] {Threei} I mean, zero or close to it rates

[13:40] {Threei} who does it work for, rich guy or their beloved have-not class?

[13:41] {dino} just wait until they suggest to outlaw market and bond and currency drops

[13:41] {Threei} widely hated rich guy has no return on his money in money market

[13:41] {Threei} and doesn't benefit from cheaop loans since he doesn't borrow

[13:42] {dino} it works for the banks only 3i, they borrow at zero and loan at 4 or 5%

[13:42] {Threei} poor bum on the other hand gets almost free loans, and has no money to earn interest on

[13:42] {nemo} bidu touched uptrend line

[13:43] {dino} or as they do in us, borrow at zero and then buy govt bonds/notes, no risk spread

[13:43] {Threei} nice racket

[13:43] {Threei} unless givt plans to default on those

[13:44] {dino} defaults are soon to be outlawed as you see in euro

[13:44] {Threei} well, socialistic govt in US may do it just put of spite

[13:44] {dino} out amed +.03 bad entry

[13:45] {Threei} "we owe you? nope... we don't.'

[13:45] {dino} next, you cannot fire or layoff workers, mr reardon

[13:50] {Threei} MCO shrugged it all off after all

[13:50] {Threei} US) Fed's Fisher: Observing some stronger growth prospects in the US economy

[13:50] {Threei} wow...

[13:50] {Threei} what a great visionary

[13:51] {nemo} Fischer's gone over to the dark side

[13:51] {Threei} or off the deep end

[13:54] {strider} BIDU

[13:59] {Threei} (US) Fed's Kocherlakota: There is no need at the moment to extend swap lines to China

[13:59] {Threei} no?

[13:59] {Threei} strange

[14:00] {Threei} GERN almost all the wat back

[14:03] {dino} should've held onto vit

[14:03] {dino} gut says we go up

[14:04] {strider} CVGI near 2 year high

[14:04] {dino} cf sm l .20

[14:05] {Threei} strider, look PM please

[14:14] {Threei} The Goldman Sachs Group Inc Goldman's Abby Joseph Cohen: Our client businesses remain quite robust - CNBC

[14:14] {Threei} - sees S&P 500 at 1250, all things considered from fundamental perspective

[14:14] {nemo} I'm surprised somebody hasn't shot her yet

[14:14] {Threei} lol, why

[14:15] {Threei} I don't follow her much

[14:15] {nemo} I can't stand listening to her

[14:15] {RonS} ajc...perma-bull...

[14:23] {RonS} 3i, short bidu 76 break?

[14:23] {nemo} 76 or .76

[14:23] {Threei} I don't have a grip on it today

[14:23] {magoo} i wouldnt

[14:23] {Threei} and, 76??

[14:23] {Threei} it's 90 cents from there

[14:24] {RonS} ...just preparing...i am slow like politician...

[14:24] {Threei} lol

[14:24] {Threei} but, how to tell in dvance not knowwing how it gets there

[14:25] {Threei} envision sharp drop from here

[14:25] {Threei} 80 cents in one long red bar

[14:25] {Threei} will you short it at 76?

[14:25] {dino} cf stopped -.27

[14:25] {RonS} oh ya, keep forgetting that lecture

[14:25] {Threei} :)

[14:25] {Threei} folks, just in case you forgot

[14:25] {Threei} or didn't know:

[14:25] {Threei} US) President Obama: US economy is headed in the right direction

[14:26] {strider} Well, at least we know what APOL should cost.

[14:26] {strider} That's one less thing.

[14:26] {dino} ?

[14:27] {strider} Just looking at the chart for last 30 minutes.

[14:27] {Threei} NFLX Hearing UBS downgrades to Sell from Neutral

[14:27] {strider} Seem to have reached a consensus.

[14:27] {Threei} hmmm

[14:27] {Threei} this is rare case

[14:27] {Threei} usually they only upgrade at the highs

[14:28] {RonS} ...maybe they called Les.

[14:28] {RonS} dino, you still in elx...the offers have been relentless

[14:29] {dptl} mco short?

[14:29] {Threei} well... market is dropping...

[14:29] {Threei} maybe just as a following

[14:30] {Threei} by itself, it's not really a short

[14:30] {dptl} hmm...ok ty......

[14:32] {Threei} say what?

[14:32] {Threei} president just said we gain jobs 4 months in a row

[14:33] {Threei} what did I miss?

[14:33] {strider} NFLX

[14:33] {RonS} ...did he say that in Buffalo?...teaching the world what buffaloed means...

[14:34] {Threei} yes

[14:34] {Threei} speaks right now

[14:34] {Threei} I saw a slowdown of job losses

[14:34] {Threei} I haven';t seen gain

[14:34] {Threei} unless I misunderstood something

[14:35] {dino} you are correct

[14:35] {Threei} BP Senate reportedly blocks bill aimed at removing oil spill liability limits

[14:35] {dino} lies, lies, and more lies

[14:35] {RonS} i just hope he saw this: http://www.breitbart.tv/buffalo-billboard-to-obama-i-need-a-freakin-job/

[14:35] {Threei} -BP spiked

[14:36] {dino} same as gm saying they paid govt back

[14:36] {Threei} sigh

[14:36] {RonS} Effort to Raise Oil-Spill Damages Limit Blocked in Senate 05/13 12:34 PM

[14:37] {Threei} I'd expect BP to do more on this

[14:37] {RonS} sorry 3i...did not see your post...

[14:37] {Threei} this seems to be abig frikin deal

[14:41] {Threei} no worry Ron, good to have insurance

[14:42] {Threei} US) Senators from states of California, Oregon and Washington introduced legislation to ban oil drilling off the West Coast - Businessweek

[14:43] {nemo} all six of them

[14:43] {Threei} - The measure would amend the Outer Continental Shelf Lands Act to impose a permanent ban on drilling off the three states.

[14:43] {Threei} letter in the local paper, I just have to share it with you

[14:43] {Threei} a gal writes:

[14:44] {Threei} I don't get it, why do we continue drilling, and using oil at all,

[14:44] {Threei} are we blind, or idiots?

[14:44] {Threei} What could be simpler:

[14:44] {Threei} use solar, wind, tode, don't buy cars, use bikes, walk and take bus.

[14:45] {Threei} That's it, problems solved.

[14:45] {Threei} I am so ful of envy... her world must be beautiful

[14:45] {Threei} everything is so simple

[14:46] {shorty} Have you seen the wind turbine in Toronto when it's 40 C, and the demand for energy is up?

[14:47] {Threei} it tries to fly away?

[14:47] {shorty} Yes it does, but it needs wind to do that.

[14:48] {Threei} so, it buys a jet, attaches it, buys gasoline... and flies

[14:48] {shorty} lol

[14:48] {Threei} but seriously... life is great for that gal

[14:48] {Threei} reminds me a soviet joke...

[14:49] {Threei} professor takes exam, course is called scientific communism (real thing btw)

[14:49] {nemo} Soviet theology class

[14:49] {Threei} yes

[14:49] {Threei} student answers a few questions, with "I have no idea"

[14:49] {nemo} Heard all about it

[14:50] {Threei} questions go more and more basic,

[14:50] {Threei} finally come to:

[14:50] {Threei} what is socialism? capitalism? communism?

[14:50] {Threei} guy answers all of them with I have no idea

[14:50] {Threei} professor asks "young man, where areyou from'?

[14:50] {Threei} student says Uryupinsk

[14:51] {Threei} professor, crying bitterly: I want to live in Uryupinsk...

[14:52] {Threei} sigh... whatever

[14:52] {Threei} I hate you all

[14:52] {nemo} Oh, I get it

[14:52] {Threei} too late

[14:52] {Threei} I am cryting bitterly

[14:52] {RonS} now, THAT is funny...

[14:52] {nemo} Look....

[14:52] {Threei} and want to live i Uryupinsk

[14:52] {nemo} it doesn't translate so easily, you have to think about it

[14:52] {nemo} plus you don't see a face in the delivery

[14:53] {Threei} oh come on... it's my face

[14:53] {nemo} nevermind

[14:53] {Threei} why would you ever want to seee it

[14:53] {nemo} facial expression in the delivery

[14:53] {Threei} Nakabayashi Co to purchase day planner from the Japan unit of FC - price estimated at 500M

[14:54] {Threei} sh*t... it must be great day planner

[14:54] {Threei} oh... day planner business

[14:54] {RonS} ...i would plan for $400 mil

[14:54] {Threei} no kidding

[14:54] {shorty} crap! It's too late to get my money back from this course. I totally forgot.

[14:54] {nemo} ?

[14:54] {Threei} as if it was ever a good time

[14:56] {shorty} dino..CLF?

[14:56] {dino} out idsa .42, +.29

[14:56] {strider} Gotta run some errands, guys. See you in the morning.

[14:56] {Threei} lol... dino, don't tell him

[14:56] {shorty} lol

[14:56] {Threei} take care strider

[14:56] {strider} :)

[14:56] {Threei} BIDU

[14:57] {Threei} maybe soon

[14:57] {Threei} speaking of that short Ron

[14:57] {dino} clf depends on s/p dji imo

[14:57] {RonS} yep

[14:57] {shorty} I should know that by now dino...thanks

[14:57] {Threei} some consolidation, then bvreak with market's help

[14:58] {Threei} but keep it very reasonable size wise

[14:58] {Threei} volatility is horrific

[14:58] {Threei} well, not as bad is before split of course

[14:58] {dino} like here, .00 w/stop at lod perhaps

[14:58] {Threei} is = as

[14:58] {dino} not in

[15:00] {nemo} I gotta' head out too....cu morow

[15:00] {Threei} take care nemo

[15:00] {shorty} bye

[15:00] {Threei} BIDU looks very...

[15:00] {Threei} ominous

[15:01] {Threei} backed off from a brink

[15:02] {shorty} out + .14 CLF thanks dino for the help.

[15:04] {dino} gj

[15:11] {Threei} clarification:

[15:11] {Threei} British Petroleum plc Senate Republicans block Democratic effort to lift cap on liabilities owed for economic damages stemming from oil spills

[15:11] {Threei} - Senate Democrats, led by Senator Menendez (D-NJ), sought to raise the cap on economic damage claims agains oil companies for spills to $10B from the present level of $75M.

[15:11] {Threei} - The measure was blocked by Republicans on the basis that it would force smaller companies out of the offshore oil drilling market.

[15:12] {dino} not to mention retro-active law changes should be illegal

[15:12] {Threei} heh

[15:13] {shorty} Have a great day everyone. Thanks Threei.

[15:13] {Threei} take care shorty

[15:13] {dino} cya shorty

[15:13] {shorty} cya dino

[15:13] {Threei} not with this administration dino... remember AIG bonuses?

[15:14] {dino} it's just not right

[15:14] {dino} pretty good drop

[15:17] {Threei} SOMX is holding pretty well

[15:17] {dino} ndx gap from tues. 1940

[15:19] {Threei} US) Amendment to Senate financial reform bill that would require bankruptcy for troubled non-bank financial institutions will not likely pass; vote is ongoing

[15:19] {Threei} - Amendment proposed by Senator Sessions (R-AL)

[15:19] {Threei} - final vote 58-42

[15:22] {dino} clf sm l .50

[15:25] {Threei} Ron, you shorted BIDU?

[15:26] {RonS} did not...

[15:26] {Threei} aww

[15:26] {Threei} it nicely consolidated and broke

[15:26] {RonS} ...lesson for the future

[15:27] {Threei} anyway, see from the chart what I mean?

[15:27] {RonS} yes

[15:27] {Threei} :)

[15:31] {dino} cf sm l .50

[15:33] {dino} bwld l .00

[15:36] {Threei} GR) Reportedly explosion heard outside of main prison in Athens

[15:37] {dino} clf stopped

[15:38] {Threei} BIDU is cratering today

[15:39] {dino} cf stopped

[15:39] {dino} bwld stopped

[15:40] {RonS} :/

[15:41] {dino} not a good way to end day

[15:42] {Threei} USD moves to session highs against the CAD, EUR, GBP, and CHF

[15:43] {RonS} :) go $/CAD!

[15:43] {dino} ndx gap 1940 filled

[15:44] {dino} fdx l .00

[15:44] {dptl} have a good evening all

[15:44] {dino} cya

[15:44] {RonS} cya dp

[15:45] {dino} out fdx .26

[15:46] {dino} +.26

[15:46] {dino} well made up for the 3 misses

[15:46] {dino} w/that calling it a day, baseball tonight

[15:47] {RonS} cya dino

[15:50] {Threei} take care dp

[15:53] {Threei} yawn

[15:59] {magoo} nite all

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening, see youi tomorrow

May 04 2010

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

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

[04:43] {KSystems} good morning

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

[07:53] {strider} your

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

[08:01] {magoo} morning

[08:08] {KSystems} hey

[08:37] {strider} .

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

[08:39] {Les} Conan strikes!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[08:44] {strider} out .81

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

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

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

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

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

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

[09:02] {Threei} ron :)

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

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

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

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

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

[09:04] {RonS} IPXL

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

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

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

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

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

[09:06] {Threei} nice revenue

[09:06] {Threei} lol

[09:07] {Threei} IPXL

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

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

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

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

[09:08] {RonS} allegies=allergies

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

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

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

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

[09:09] {dptl} good morning

[09:09] {Threei} dp :)

[09:12] {Les} fcx crash premarket

[09:12] {fernp} Good morning everybody

[09:13] {Threei} fern :)

[09:13] {shorty} Good morning

[09:13] {Threei} shorty :)

[09:15] {strider} morning folken

[09:15] {Threei} strider :)

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

[09:16] {ese} morning

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

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

[09:16] {Threei} ese :)

[09:16] {nemo} dude

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

[09:20] {Threei} larisa :)

[09:21] {larisa} gm :)

[09:22] {ese} dude

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

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

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

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

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

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

[09:28] {magoo} i am clueless

[09:29] {Threei} so am I

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

[09:29] {dino} gm all

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

[09:29] {jfjf64} mornin

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

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

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

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

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

[09:33] {shorty} missed it

[09:33] {Threei} 1:2

[09:34] {Threei} or whatever

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

[09:34] {shorty} lol

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

[09:34] {magoo} in out

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

[09:34] {shorty} Nice one

[09:34] {Threei} wtg

[09:34] {magoo} 2k

[09:35] {magoo} by accident

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

[09:35] {magoo} NO

[09:35] {Threei} lol

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

[09:36] {Threei} watching LVS

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

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

[09:38] {magoo} ugly futes here

[09:38] {magoo} GS spike

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

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

[09:39] {Threei} .80

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

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

[09:40] {nemo} ntri

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

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

[09:41] {magoo} crazy NTRI

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

[09:41] {magoo} packed with shorts

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

[09:42] {Threei} argh

[09:42] {shorty} rinsed

[09:42] {Threei} BP rinse

[09:42] {Threei} overtightened stop

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

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

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

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

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

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

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

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

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

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

[09:45] {nemo} fcx 69.76

[09:45] {magoo} down 169

[09:45] {magoo} WOW

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

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

[09:47] {nemo} blew by

[09:48] {Threei} second chasnce

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

[09:49] {dino} rtp moving up

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

[09:50] {magoo} OSTK indicated HIGHER

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

[09:50] {shorty} ty

[09:50] {Threei} yw

[09:50] {Threei} +5.40 OSTK

[09:50] {Threei} lol

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[10:01] {Les} rinse

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

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

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

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

[10:01] {Threei} imbecile

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

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

[10:03] {Threei} invalidated

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

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

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

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

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

[10:05] {Les} miners going down

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

[10:06] {Threei} rofl

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

[10:06] {magoo} NLY

[10:06] {magoo} NLY

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

[10:06] {Les} :P

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

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

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

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

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

[10:08] {ese} ahhhhhhhhh

[10:09] {ese} good point

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

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

[10:10] {Threei} tough

[10:10] {fernp} ok

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

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

[10:11] {Threei} have a look

[10:11] {fernp} yeah

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

[10:12] {fernp} BRCM also interestin

[10:12] {fernp} 34 breakdown

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

[10:13] {Threei} but still

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

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

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

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

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

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

[10:15] {ese} Lakrx .57

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

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

[10:16] {magoo} in

[10:16] {magoo} '

[10:16] {magoo} .74

[10:17] {shorty} .76

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

[10:17] {Les} mags, nly

[10:17] {magoo} NO

[10:17] {magoo} too risky

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

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

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

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

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

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

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

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

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

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

[10:20] {Threei} yw

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

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

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

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

[10:21] {magoo} everyday:)

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

[10:21] {Threei} too late

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

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

[10:21] {shorty} lol

[10:22] {dino} exbd

[10:26] {magoo} poor pvt york

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

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

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

[10:27] {Threei} uh oh

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

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

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

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

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

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

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

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

[10:31] {_york1} gm all

[10:31] {magoo} hello york

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

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

[10:31] {Threei} hi york

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

[10:32] {shorty} Hello yourk1

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

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

[10:32] {Threei} COIN

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

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

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

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

[10:33] {Threei} no

[10:33] {Les} lol heaven forbid

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

[10:34] {Les} hehehe

[10:34] {dino} lol

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

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

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

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

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

[10:36] {Threei} bounces are pitiful

[10:36] {nemo} below 11k

[10:36] {Threei} selling overcomes enthusiasm

[10:36] {Threei} good

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

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

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

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

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

[10:42] {magoo} WFC vad

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

[10:42] {Threei} no clean read

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

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

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

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

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

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

[10:50] {Threei} sure

[10:51] {fernp} ty

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

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

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

[11:00] {Threei} die LVS

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

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

[11:03] {Threei} cover half

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

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

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

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

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

[11:04] {magoo} WHEN?

[11:04] {Threei} today

[11:04] {magoo} huh?

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

[11:04] {Threei} noooo

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

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

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

[11:06] {Threei} huh?

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

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

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

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

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

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

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

[11:08] {RonS} ha!

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

[11:08] {Les} lunch money

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

[11:08] {magoo} GS?

[11:09] {Threei} yeah

[11:09] {Threei} not very clear

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

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

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

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

[11:10] {Threei} me too

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

[11:10] {Les} aaaah

[11:10] {Threei} what then?

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

[11:12] {magoo} aapl 8

[11:12] {magoo} rimm 2

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

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

[11:15] {Threei} why?

[11:15] {Threei} oh

[11:15] {Threei} lol

[11:16] {jfjf64} nice day

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

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

[11:16] {jfjf64} charmming

[11:16] {magoo} OY

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

[11:17] {Threei} I am hurt

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

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

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

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

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

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

[11:19] {larisa} see

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

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

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

[11:19] {nemo} clf

[11:19] {shorty} ty

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

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

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

[11:31] {Les} Goodbye Gordon Brown

[11:32] {Threei} yeah

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

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

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

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

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

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

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

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

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

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

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

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

[11:36] {Les} esi

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

[11:39] {ese} with ya dino

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

[11:41] {ese} .4176235

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

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

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

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

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

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

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

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

[11:50] {nemo} 1:1

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

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

[12:12] {Threei} I doubt it

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

[12:12] {shorty} It did

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

[12:24] {dino} qqqq stropped

[12:24] {ese} stopped as well

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

[12:25] {ese} this should bounce

[12:26] {ese} relentless selling today

[12:26] {dino} 14.20s

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[12:36] {Threei} never mind mags

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

[12:36] {Threei} sorry

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

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

[12:37] {magoo} needed focus

[12:37] {Threei} lol

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

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

[12:37] {magoo} all out

[12:37] {magoo} .66

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

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

[12:38] {nemo} support?

[12:38] {Threei} ?

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

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

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

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

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

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

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

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

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

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

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

[12:42] {dino} sounds familiar

[12:42] {Threei} very

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

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

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

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

[12:43] {Threei} ok, both

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

[12:43] {Threei} hindsight:

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

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

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

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

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

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

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

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

[12:46] {Threei} :((

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

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

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

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

[12:47] {Threei} lol

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

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

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

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

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

[12:52] {dino} been called worse

[12:52] {larisa} lol

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

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

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

[12:54] {dino} roflol

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

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

[12:55] {Threei} abhorrence even

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

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

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

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

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

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

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

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

[13:06] {Threei} exactly

[13:06] {Threei} pure luck

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

[13:07] {Threei} by security rather

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

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

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

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

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

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

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

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

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

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

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

[13:34] {strider} guys

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

[13:35] {Threei} who?

[13:35] {nemo} coma

[13:35] {_york1} funny

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

[13:36] {nemo} vodka break

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

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

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

[13:38] {nemo} 6

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

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

[13:38] {_york1} thanks

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

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

[13:39] {Threei} Vad rather

[13:39] {_york1} sorry

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

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

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

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

[13:40] {Threei} ty

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

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

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

[13:42] {Threei} thank you

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

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

[13:43] {nemo} oh jeez

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

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

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

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

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

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

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

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

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

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

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

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

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

[13:45] {shorty} lol

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

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

[13:46] {nemo} your name

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

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

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

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

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

[13:48] {nemo} Greek

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

[13:48] {ese} scalping big time

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

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

[13:50] {strider} spike

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

[13:50] {dino} too

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

[13:51] {dino} too fast]

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

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

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

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

[13:52] {ese} +.07

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

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

[13:52] {shorty} is

[13:52] {shorty} ty THreei

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

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

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

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

[13:54] {shorty} Bye ese

[13:54] {Threei} take care ese

[13:54] {ese} cya

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

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

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

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

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

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

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

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

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

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

[14:16] {Threei} huh?

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

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

[14:16] {Threei} apples to oranges

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

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

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

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

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

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

[14:18] {Threei} so rry strider

[14:19] {Threei} such is reality

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

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

[14:19] {nemo} 51.30?

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

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

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

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

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

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

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

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

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

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

[14:20] {RonS} b

[14:20] {RonS} a

[14:21] {Threei} there you go

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

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

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

[14:22] {Threei} not sure yet

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

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

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

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

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

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

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

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

[14:35] {Les} :O

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

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

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

[14:38] {Les} aapl?

[14:38] {Threei} lol

[14:38] {Les} ;)

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

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

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

[14:41] {Threei} oh, GOOG

[14:41] {nemo} bidu

[14:41] {Les} IN

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

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

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

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

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

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

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

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

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

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

[14:46] {RonS} clf lod

[14:46] {Les} alright alright

[14:46] {nemo} fas too

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

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

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

[14:49] {Threei} done moving

[14:49] {Threei} any direction

[14:49] {Les} ok

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

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

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

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

[14:52] {shorty} ty

[14:53] {Threei} GS

[14:53] {Threei} 151 break

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

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

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

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

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

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

[15:01] {nemo} sure that wasn't your foot les?

[15:01] {Les} hahhahahhahahahaha

[15:01] {Les} good one

[15:01] {shorty} lol

[15:02] {Threei} people who can spell words longer than 3 syllables... what are they good for

[15:02] {nemo} spelling words longer than 3 syllables

[15:02] {Threei} well, other than to spell words longer than 3 syllables

[15:02] {Threei} lol nemo

[15:06] {Les} amzn 129

[15:09] {Threei} Hearing Sanford Bernstein making positive comments on offshore drilling (timing uncertain)

[15:09] {Threei} - Discloses this is positive for for NE, PDE, RDC, ESV; Adds that BP and APC are oversold and would be buyers

[15:09] {strider} BP, huh. OK, 3i, you start.

[15:09] {Threei} well

[15:10] {Threei} I too think it's oversold

[15:10] {larisa} turtles, fish and shrimps do not agree

[15:10] {strider} And i likes me shrimp.

[15:11] {Les} well 'eat em and die' is the new motto

[15:11] {Les} consumers of scottish farmed salmon are on notice that more than 3 serves a year increases cancer risk significantly

[15:11] {Les} guess you guys are gonna have to live with it too

[15:12] {strider} Ah, a little texas tea is good for you.

[15:12] {Les} like a hole in the head

[15:13] {dino} hmmm, i was thinking hard lemonade

[15:17] {Threei} why does it matter how advisers kept persident "abreast" of search and how many times he was briefed yestyerday before the arrest?

[15:18] {Threei} news reporters can be so stupid sometimes

[15:18] {nemo} Iain Anderson raises salmon in Scotland

[15:18] {Les} so unlike BP incident, president can be seen to be 'on top of it'

[15:18] {Threei} " we were just informed that the president was briefed 6 times yesterday"...

[15:19] {Threei} he had valuable insight how to proceed?

[15:19] {Threei} presonally coordinated the search?

[15:20] {Les} does help avoid asking embarrassing questions

[15:20] {Threei} Long Setup: BP .80 break

[15:20] {Threei} if stays above .70

[15:20] {Threei} half lot

[15:20] {Threei} discretionary

[15:23] {magoo} in

[15:24] {Threei} over 1:1

[15:24] {magoo} out .91 2k (oops)

[15:24] {shorty} out .87

[15:24] {Threei} it's official:

[15:24] {Threei} turtles, fish and shrimps are not my financial adisors

[15:24] {Threei} sorry larisa

[15:24] {magoo} ty boss

[15:24] {Threei} welcome sir

[15:24] {larisa} who is?

[15:25] {Threei} not sure... but not these sea creatures

[15:25] {magoo} i guess my half lot is 2k today

[15:25] {shorty} Oh ya...thank you Threei

[15:25] {Threei} sure thing

[15:26] {Threei} maybe moth

06[15:26] * magoo slaps Threei around a bit with a large trout

06[15:26] * magoo slaps _funky10 around a bit with a large trout

06[15:26] * magoo slaps _york1 around a bit with a large trout

[15:26] {Threei} what did I do?

[15:26] {_york1} may I ask, what were your fills on BP long ?

[15:26] {magoo} just letting u know i can

[15:26] {Threei} why am I being trouted

[15:26] {Threei} new guys, OK

[15:26] {Threei} that's what new guys are for

[15:26] {magoo} .77

[15:26] {magoo} 200 shares

[15:26] {shorty} magoo is our forum goon.

[15:27] {magoo} 2000

[15:27] {magoo} shares

[15:27] {_york1} great

[15:27] {Threei} Les and shorty, fine, they are relativelt recent arrivals and are low in pecking order

[15:27] {magoo} yea shorty, u too new to say that about me

[15:28] {Les} oh come on, what's a person got to do around here before we're no longer newbies?

[15:28] {Threei} lol

[15:28] {magoo} i practically founded room with vad

[15:28] {shorty} Threei.......???

[15:28] {nemo} get through your rookie year

[15:28] {shorty} Sorry, you are the MUSCLE of this forum.

[15:28] {magoo} hence.....................

06[15:28] * magoo slaps shorty around a bit with a large trout

[15:28] {nemo} and forthwith................

06[15:29] * nemo slaps _york1 around a bit with a large daytrading course

[15:29] {Threei} speaking of those who are here since inception

[15:29] {Threei} Larisa

[15:29] {Threei} Raven

[15:29] {Threei} jmb

[15:29] {nemo} birthers

[15:29] {shorty} What year was that Threei?

[15:29] {Threei} ummm

[15:29] {Threei} 2000

[15:29] {magoo} this year

[15:29] {Les} fair enough. we can't all be dinosaurs

[15:29] {nemo} you're making him think

[15:29] {Threei} lol

[15:30] {Threei} BP 1:2

[15:30] {Threei} see larisa? shrimp don't get it

[15:31] {larisa} any of Bp drills in your area vad?

[15:32] {Threei} not that I am aware of

[15:32] {RonS} ...only nuclear subs...

[15:32] {Threei} 1:3

[15:33] {shorty} And a drunk captain of an oil ship

[15:33] {larisa} good, shrimp can be vindictive

[15:33] {Threei} they are very good here

[15:33] {Threei} my personal shrimping season is Sept - Nov

[15:34] {dino} always picking on the little guy

[15:34] {Threei} about Nov 20st they disappear... don't know why

[15:34] {RonS} ...and I thought it was every day now with Shorty...:D

[15:34] {Threei} as if they have calendar

[15:34] {shorty} I remember as a kid going to the Island and picking clams from the beach. My mother would make us a big pot of clam chowder.

[15:35] {larisa} my fave soup

[15:35] {shorty} lol RonS

[15:35] {Threei} I just throw them on BBQ

[15:35] {dino} good soup

[15:35] {shorty} People forget that 11 people died on that oil rig too.

[15:36] {larisa} try wrapping them with bacon vad

[15:36] {Threei} that I do with scallops

[15:36] {shorty} Bacon and shrimp, there is none higher.

[15:37] {shorty} I might get a lobster today, making me hungry.

[15:38] {RonS} ...isn't that against the law where you live shorty?

[15:38] {RonS} ...beef only...

[15:38] {Threei} no, you can get it - you just must clean 1 sa mile of municipal propert of snow first

[15:38] {Threei} sq mile

[15:38] {shorty} lol......I don't eat cow

[15:39] {Threei} that's why no one eats it in July

[15:39] {Threei} the rest of months is fair game

[15:39] {shorty} Threei....just...nevermind.

[15:39] {fernp} good evening everybody. see you all tomorrow

[15:39] {RonS} ...no talking about spouses here...oops...

[15:39] {Threei} take care fern

[15:39] {RonS} cya fern

[15:40] {shorty} Bon soir fernp

[15:40] {shorty} That is a totally different animal RonS

[15:41] {RonS} ...big selling coming in...

[15:41] {Threei} wow, winishing at the lows?

[15:41] {Threei} finishing

[15:41] {Threei} I'd say so Ron

[15:41] {RonS} ...watching the order flow...

[15:41] {Threei} last one}

[15:41] {Threei} LVS

[15:41] {Threei} short

[15:41] {Threei} .64

[15:42] {Threei} invalidated

[15:44] {magoo} sad to see the end of the unstoppable rally

[15:45] {Threei} nah

[15:45] {Threei} was getting long in the tooth

[15:45] {Threei} tough to trade

[15:45] {Threei} need t shake off some enthusiasm

[15:46] {Threei} just compare:

[15:46] {dino} well, ndx -4.9%

[15:46] {Threei} last months of the rally we had to get all out plays in the first 60 minutes

[15:46] {Threei} after that, market was dead

[15:46] {Threei} run into couple stops in the morning, almost no chance to redeem

[15:47] {Threei} today activity was much more evenly spread

[15:47] {Threei} still morning is the most active, sure, but still

[15:47] {shorty} My BP stop today hit hard

[15:47] {Threei} hmm?

[15:47] {Threei} there was just one, and it was slightly over 10 cents

[15:48] {dptl} good evening all..see ya tomorrow

[15:48] {shorty} I had my stop set, but it dipped so fast that I got stopped at a lower price.

[15:48] {RonS} cya dp

[15:48] {Threei} vs I don't know how many winning ones, of all thinkable sizes

[15:48] {Threei} take care dp

[15:50] {_york1} I trade futures nornally. How much slippage do you get on stocks?

[15:50] {Threei} stocks are not created equal

[15:50] {Threei} some are thin, some are thick

[15:50] {Threei} thin ones carry bigger possible slippage

[15:51] {Threei} thick ones practically zero

[15:51] {nemo} yeah, definitely a chance for a sygmoidoscopy

[15:51] {Threei} also, diff brokers offer different quality of executions

[15:51] {_york1} AND BP for example?

[15:52] {_york1} I have IB account

[15:52] {Threei} BP is mid pack

[15:52] {Threei} can be dangerous sometimes

[15:52] {Threei} when conditions become very fast

[15:52] {Threei} under nortmal conditions, not too bad

[15:52] {Threei} but today if you noticed most calls on it were :half lot"

[15:53] {Threei} which was toa ccount for its heightened volatility

[15:53] {nemo} for which Magoo doubled up

[15:53] {Threei} well... magoo has his own ideas how to interpret my words

[15:53] {Threei} he doubles when I sat careful

[15:53] {magoo} nemo, u mean x 4

[15:53] {nemo} he has trouble with your accent

[15:53] {Threei} triples when I say very dangerous

[15:53] {shorty} Have a good night all. Thank you Threei.

[15:54] {magoo} 500 x 4 =2k

[15:54] {Threei} take care shortt

[15:54] {RonS} cya shorty

[15:54] {_york1} do you have a 10 tick stop on scalp trades?

[15:54] {Threei} stop is ddictated by chart

[15:54] {magoo} WAITTTTTTT shorty

06[15:54] * magoo slaps shorty around a bit with a large trout

[15:54] {shorty} duck

[15:55] {_york1} I see

[15:58] {Threei} FBI guy says bomber was complete dunce

[15:58] {Threei} I am telling you... incompetence of attackers is our most effective line of defense

[15:59] {Threei} scary thought bujt we are biound to run out of luck sooner or later

[15:59] {larisa} later all :)

[16:00] {Les} nighty night

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {RonS} great day...thanks 3i

[16:00] {Threei} see you tomorrow

[16:01] {Threei} ITMN Receives complete response letter from FDA: no approval at this time

[16:04] {_york1} thanks Vad

Day worked out nicely with several strong plays on LVS, GS and BP. For some reason LVS was the hero of the day though, with three or four trades on it.

Session Time: Mon May 03 00:00:00 2010

[08:12] {magoo} morning

[08:27] {Threei} GR) Greece Fin Min Papaconstantinou: Greek banking system is absolutely shielded

[08:27] {Threei} - ECB's decision has been an important move

[08:27] {Threei} FTBK Halted

[08:27] {Threei} - Note: One of FTBK's assets was closed by the FDIC on Friday

[08:28] {Threei} (US) Preview: Mar Personal Income, Spending and PCE data due at 8:30 am ET

[08:28] {Threei} - Personal Income: 0.3%e v 0.0% prior.(Analyst range of estimates +0.1% to +0.6)

[08:28] {Threei} - Personal Spending: 0.6%e v 0.3% prior (Analyst range of estimates +0.2% to +1.0%)

[08:30] {Threei} *(US) MAR PERSONAL INCOME: 0.3% V 0.3%E; PERSONAL SPENDING: 0.6% V 0.6%E

[08:30] {Threei} *(US) MAR PCE CORE M/M: 0.1% V 0.1%E; Y/Y: 1.3% V 1.3%E; PCE DEFLATOR Y/Y: 2.0% V 2.0%E

[08:31] {Threei} 07:55 BPAX Reinitiates Prostate Cancer Vaccine Development

[08:31] {Threei}

[08:36] {Threei} 53% Say Obama Governing on Bipartisan Basis, 51% Disagree

[08:37] {Threei} how elusive the % of idiots is...

[08:37] {Threei} XNPT Announces Presentations of New Data for Arbaclofen Placarbil at Digestive Disease Week Meeting (10.40, 0.00, 0.00%)

[08:38] {fernp} Good morning everybody

[08:38] {Threei} fern :)

06[08:48] * Les slaps nemo around a bit with a large trout

[08:48] {Les} where's shorty? He needs a good slapping too

[08:48] {Les} morning :)

[08:49] {Threei} les :)

[08:56] {Threei} (GR) Germany's Merkel: Bill expected to stabilize Greece and Eurozone

[08:56] {Threei} - Confirms German portion of the aid is 22.4B over the next 3 years

[08:58] {Les} hehehe until the next sovereign crisis in Europe...

[08:58] {Threei} of course

[08:58] {Threei} it's all downhill from here

[08:59] {Threei} not that any alternative is better,,, flawed design fron the get go

[09:00] {Les} guess Switzerland wasn't so backward looking after all... staying out of the EU

[09:00] {Threei} not at all

[09:01] {Threei} (GE) German FDP's Westerwelle:Will not let contagion spread across Europe

[09:01] {Threei} as if

[09:01] {dptl} good morning

[09:01] {Threei} dp :)

[09:02] {ese} morning

[09:02] {Threei} ese :)

[09:10] {Threei} FTBK... sic transit gloria mundi

[09:10] {nemo} wow

[09:11] {ese} anybody who got in around 8 has gotta be in pain by now

[09:12] {nemo} nah...they've jumped

[09:12] {Threei} understatement of the month

[09:12] {Threei} "pain" doesn't even beging to describe it

[09:14] {Threei} if a case for tight risk control still needs to be made,

[09:14] {Threei} FTBK makes it better than I ever could

[09:14] {dino} gm all

[09:14] {Threei} dino :)

[09:15] {Threei} notice that you don't even have to be extremely unfortunate one bought into 7s to suffer indescribably

[09:15] {Threei} you may have been one of smarter ones, waiting for pullback,

[09:15] {Threei} and buying let's say reasonably looking 5 or 4

[09:17] {Threei} pre-emptive greeting:

[09:17] {Threei} larisa :)

[09:17] {Les} RIG looks like what TM should have looked like after it made the headlines. funny, about the same price as well

[09:18] {larisa} gm :)

[09:18] {Les} pre-emptive slapping is more fun

[09:19] {Threei} my working assumption so far is, this gap up is to be shorted

[09:20] {Threei} WFC looks like tempting candidate

[09:20] {shorty} good morning

[09:20] {Threei} shorty :)

[09:21] {RonS} gm all :)

[09:22] {Threei} ron :)

[09:22] {lasertrev} gm

[09:22] {lasertrev} :)

[09:22] {Threei} trev :)

[09:22] {Threei} if WFC consolidates between .20 and .30, breakdown is a trigger

[09:22] {Threei} opening volaitlity is concern

[09:23] {Threei} sometimes it jumps uncotrollably during first minutes

[09:25] {magoo} BP clubbed, watch these vad BP RIGG CAM HAL

[09:27] {Les} esi is still getting thumped

[09:27] {nemo} what about all that support around .10 for wfc, still a short on break?

[09:28] {Threei} .10?

[09:28] {Threei} I don't see any meaningful support there

[09:29] {nemo} it hung in that aroua between 2:30 and -4::00 on Friday

[09:29] {strider} chrts very sluggish here this AM

[09:30] {Les} 2 million shares shown histogram for wfc friday .10

[09:31] {Les} I have no idea what that means

[09:34] {Threei} Short Setup: WFC .50 break

[09:34] {nemo} huh?

[09:35] {fernp} .20?

[09:35] {Les} BHP selloff

[09:35] {Threei} .20 sorry

[09:35] {Threei} if stays under .35

[09:35] {Threei} invalidatedf

[09:35] {Les} now it's .50

[09:35] {Threei} (SP) Spain Econ Min Campa: No lack of demand for Spanish debt (related EWP EUR/USD BUNDS )

[09:36] {nemo} that must be why financials jumped

[09:37] {Threei} yup

[09:37] {Threei} good thing is didn't happen AFTER trigger

[09:38] {Threei} look at GS whipsaw

[09:38] {magoo} was judst thinking xmas tree

[09:39] {Threei} lol, .50 short WFC was just that eh?

[09:39] {Threei} freudian call

[09:42] {Threei} LVS

[09:42] {Threei} watching for bounce setup

[09:46] {Threei} bounced but with no setup

[09:46] {Les} fcx cratering

[09:46] {Les} x hammered

[09:47] {Les} x bounce

[09:47] {Les} out +.10

[09:48] {Threei} Long Setup: MGM .10 if stays above 16

[09:49] {dptl} is laser works ok for for everybody today?

[09:49] {Threei} fine here

[09:49] {strider} data very sluggish here.

[09:49] {nemo} charts seem slow

[09:50] {strider} N.C. USA

[09:50] {dptl} yes same here

[09:50] {nemo} boston

[09:50] {Threei} MGM invalidated

[09:51] {Threei} (US) Preview: March Construction Spending due out at 10:00ET

[09:51] {Threei} **consensus expectation: -0.5%e v -1.3% prior

[09:51] {Threei} what's with CYTX

[09:51] {Threei} no news here

[09:51] {Les} aa in freefall

[09:52] {magoo} RIG getting into bounce area

[09:52] {RonS} ...must be all materials...look clf...could be big reversal w/ 10am news

[09:53] {nemo} probably from australian tax news

[09:53] {Les} yeh tax all these fat cat miners

[09:54] {Les} BHP fighting to hold 72

[09:55] {Threei} Long Setup: LVS .90 break

[09:55] {Threei} if holding above .80

[09:55] {Threei} invaliated

[09:55] {Les} s bhp .99

[09:56] {Les} small

[09:57] {shorty} BEXP b/o .66 Threei...Thin stock though

[09:57] {Les} Ron, what is 10am news?

[09:57] {Threei} [09:51] {Threei} (US) Preview: March Construction Spending due out at 10:00ET

[09:57] {Threei} [09:51] {Threei} **consensus expectation: -0.5%e v -1.3% prior

[09:58] {Les} ty

[09:58] {RonS} ISM Mfg Index

[09:59] {Threei} (US) Preview: April ISM Manufacturing Index due out at 10:00ET

[09:59] {Threei} **consensus expectations: ISM Manufacturing: 60.0e v 59.6 prior

[10:00] {Les} cover bhp +.11. it's gone quiet

[10:00] {Threei} *(US) APRIL ISM MANUFACTURING INDEX: 60.4 V 60.0E

[10:00] {Threei} *(US) MARCH CONSTRUCTION SPENDING: 0.2% V -0.5%

[10:01] {RonS} ...no big reaction...

[10:03] {Threei} Long Setup: LVS .66 break

[10:03] {Threei} if stays above .55

[10:03] {magoo} in

[10:03] {Threei} half out

[10:04] {Threei} stop to .59

[10:05] {magoo} ouy .87 TY vad

[10:05] {Threei} 1/4 more out

[10:05] {Threei} welcome

[10:06] {Threei} stop to b/e

[10:06] {shorty} Out at 1:1...ty Threei

[10:07] {Threei} out in full

[10:07] {Threei} +.30

[10:07] {Les} nice one. missed it.

[10:08] {Threei} I say patience at the hectic open was worth it

[10:08] {magoo} yea..i actually waited too

[10:09] {dptl} Vad, what quote serv you use?

[10:11] {strider} I'm on 19....chart #4

[10:11] {Threei} 16

[10:11] {strider} no QQQQ all morning.

[10:11] {strider} on 1 min.

[10:11] {Threei} QQQQ is good here

[10:11] {dptl} ty.....really bad here,some stocks not even streaming

[10:12] {fernp} here too, dp

[10:12] {strider} where are you?

[10:12] {Threei} Long Setup: X .15 half lot

[10:13] {Threei} invalidated

[10:15] {dptl} kerx breakdown?

[10:15] {Threei} broke... let's wait for bounce

[10:15] {Threei} not to chase

[10:15] {Threei} here it is

[10:15] {Threei} same setup

[10:15] {Threei} .90 break if holding .6

[10:15] {dptl} i got in .88

[10:16] {nemo} kerx?

[10:16] {Threei} yes

[10:17] {Les} lvs

[10:19] {nemo} kerx long beak of .95?

[10:19] {Threei} nah

[10:19] {Les} can't borrow kerx

[10:19] {nemo} I just did

[10:20] {Les} well give me some

[10:21] {Les} impression fcx might be bottoming out holding 73

[10:21] {Threei} MGM, want long but can't find safe entry yet

[10:22] {Threei} pullback under .10

[10:22] {nemo} lotta' bids .88 on Kerx

[10:22] {dino} cagc gap fill from feb

[10:26] {dino} cagc sm l .80

[10:26] {nemo} offer .95 kerx

[10:27] {dino} break of .50 fcx les

[10:28] {dino} fcx gap filled feb

[10:29] {Les} missed it. gj

[10:31] {nemo} .95 stop on kerx now?

[10:31] {Threei} just above

[10:31] {nemo} yeah

[10:31] {strider} mgm still a play?

[10:31] {Threei} yes but with market reversal back up

[10:32] {Threei} EUR/USD Moves below 1.3200 level

[10:32] {Threei} KERX baby

[10:32] {strider} BP breaking 48

[10:32] {Threei} good find dp

[10:33] {nemo} look bids .81

[10:33] {dino} fcx stopped -.33

[10:34] {dino} get

[10:34] {Les} out -.03 tried for a bounce

[10:36] {nemo} here comes market bounce

[10:36] {Threei} ugh

[10:36] {Threei} was late to type LVS 25 break alert

[10:36] {Threei} let's see if gives second chance

[10:36] {shorty} Threei, your plan is working for today.

[10:37] {Les} l .02

[10:37] {Threei} I have a plan?

[10:37] {dptl} no data for lvs here lol

[10:37] {shorty} Your book I guess.

[10:38] {Threei} stop under .95 if you took LVS this time

[10:38] {Les} nasty offer .05

[10:39] {Threei} heh

[10:39] {Les} and gone

[10:39] {Threei} 1:2

[10:39] {strider} out BP +.43

[10:39] {Les} ty

[10:40] {Threei} MGM was quite a discretionart one

[10:40] {Threei} was tough to synchronize

[10:40] {shorty} The "hope and fear" thing is a hard one to swap.

[10:40] {Threei} better get rid of both

[10:41] {Threei} see setup - tradesetup

[10:41] {Threei} leave that emotional stuff for that thing

[10:41] {Threei} what's they call it...

[10:41] {Threei} ummm

[10:41] {Threei} oh

[10:41] {Threei} relationship

[10:41] {Les} hehehe marriage...

[10:41] {shorty} I mean after I am in the trade. I hae had to trades today that have gone up more then 40 cents after I got in. But I sold at 1:1

[10:42] {shorty} have two trades

[10:42] {Threei} so?

[10:42] {shorty} Thanks

[10:42] {Threei} did you have any way to read the movement,

[10:42] {Threei} and acted against that read?

[10:42] {Threei} then it's a problem to deal with

[10:43] {Threei} if you had no read and took sure profit, what could possibly be wrong with that

[10:43] {shorty} I had no way of reading the movement. lulu at 39.23 and SVVS at 19

[10:44] {Threei} no crying then,

[10:44] {Threei} but you do realize that you playing exlremely thin stocks?

[10:44] {shorty} Yes

[10:44] {Threei} SVVS is a killer

[10:45] {Threei} LULU is a little better but quite bulimic too

[10:45] {Threei} again, nothing wrong with that'

[10:45] {Threei} as long as you know what they are capable of

[10:45] {Threei} and incorporate it in your trade

[10:45] {shorty} hmmmm

[10:45] {magoo} NLC

[10:45] {magoo} NLC

[10:46] {shorty} ty THreei

[10:46] {Les} cagc trades by appt. out +.08

[10:46] {Threei} no news NLC

[10:46] {dino} gj

[10:46] {Threei} don't know what possessed it

[10:47] {larisa} http://www.cnbc.com/id/36886842

[10:47] {dino} cnbc oil spill, nlc

[10:47] {Threei} ah

[10:47] {dino} solution

[10:47] {Threei} got it ty

[10:48] {Threei} OMNI lost lustre I guess

[10:50] {dino} clh

[10:51] {strider} Data still lagging badly here. Gonna call it quits for the day. Too risky.

[10:51] {Threei} strange

[10:51] {nemo} my data lagging too

[10:51] {Threei} why it's fine here... I am not far from dp

[10:51] {nemo} out kerx here

[10:51] {strider} YOu get special treatment.

[10:51] {dptl} ye bad here too

[10:51] {strider} Vad's "special"

[10:52] {Threei} you are Shaw, dp, right?

[10:52] {RonS} ...new euro lod

[10:52] {dptl} i am in Seattle for some time Vad

[10:53] {strider} For some reason, with bad weather (heavy rains nearby) it seems some nodes get congested.

[10:53] {Threei} oh

[10:53] {dino} call your mayor have him stop the bad weather

[10:53] {Les} you have entered the twilight zone...

[10:53] {strider} It's not here so m uch....in Tennessee.

[10:54] {strider} Some rain here.

[10:54] {nemo} LASER login took extra long today. I'm rebooting it now and it's just hanging

[10:56] {Threei} General Motors Corp Reports April vehicle sales 20% v +7%e; to 183.09K units

[10:57] {Threei} NLC Hearing Jeffries makes cautious comments (timing uncertain) (27.89, +3.16, 12.78%)

[11:07] {Threei} WFC watching for pullback

[11:07] {shorty} Went up in a hurry

[11:07] {Threei} yeah

[11:12] {Threei} FDA comments that prostate cancer drugs could increase risk of diabetes and cardiovascular disease

[11:12] {Threei} - has not confirmed the risk but is studying data on Eligard (QLTI), Lupron (ABT), Trelstar (WPI), Vantas (IDEV), Viadur (BAYN.GE), and Zoladex (AZN)

[11:15] {Threei} Long Setup: LVS .05 if stays above 25

[11:15] {Threei} play for 1:2

[11:17] {dino} get sm l .53

[11:20] {Threei} MATK Study Published in Alzheimer's & Dementia: The Journal of the Alzheimer's Association Shows Algal DHA Improved Memory and Learning in Healthy Adults 55 and Older

[11:20] {Threei} 1:1

[11:21] {Les} 2nd half out .14 ty

[11:21] {Threei} 1:2

[11:21] {Threei} out

[11:22] {Threei} welcome

[11:22] {shorty} 1:2 ty Threei

[11:22] {Threei} that was easy

[11:22] {shorty} It was

[11:22] {Threei} just as I like it

[11:22] {Threei} usually this is where girls start slappping me with various fish

[11:23] {Threei} but patience is still in Thailand,

[11:23] {Threei} vasilisa lost connection from Ukraine

[11:23] {Threei} and larisa is usually sleepy on Mondays

[11:23] {shorty} lol

[11:23] {dptl} ty lvs +.11

[11:23] {Threei} dp :)

[11:24] {Threei} shorty, overcame the "sell too soon" itch on this play?

[11:25] {shorty} Yes I did...lol. Followed your plan

[11:26] {dino} get stopped

[11:27] {dptl} gjeez...stopped kerx

[11:28] {dptl} that was fast...-.17

[11:30] {Les} RTP might be setting up for .50 break. dino trade. back later.

[11:32] {dino} metals crushed on that aussie tax i guess

[11:32] {dino} ferts beat up too

[11:38] {shorty} b/o CIEN Threei?

[11:38] {shorty} .15

[11:39] {magoo} FCX bottom is in imo RISKY

[11:39] {dino} mos sm l .25

[11:39] {Threei} probably shorty,

[11:39] {Threei} but don't expect much

[11:39] {shorty} ty

[11:42] {dino} mfe sm l .50

[11:48] {shorty} What made you say "don't expect much" Threei?

[11:49] {Threei} slow, narrow... just not likely to make a big move

[11:49] {shorty} Thank you.

[11:57] {magoo} RIG could xplode up

[11:57] {magoo} BUT risky

[11:58] {magoo} FCX

[11:58] {magoo} 72.12 when i posted

[11:59] {ese} am i still in

[11:59] {Threei} in what?

[12:00] {Threei} F Reports March vehicle sales 24.7% v 28%e;

[12:00] {ese} on the board...sorry

[12:00] {ese} thought i was cut off again

[12:00] {Threei} lol... yes

[12:03] {shorty} I think I am done for the day. Going take the kids out, it's finally a sunny day today. Might be back. Anyway, thanks Threei

[12:03] {Threei} welcome...

[12:04] {Threei} you mean even snow has melted??

[12:04] {shorty} lol..YES!

[12:04] {Threei} wow

[12:05] {Threei} GS... 50 break

[12:07] {Threei} if stays above .30

[12:09] {Threei} with any market help, target is a dollar move, with partials along the way

[12:09] {ese} in

[12:09] {ese} .51

[12:09] {Threei} no need to say small shares, right?

[12:09] {Threei} it's GS

[12:10] {ese} eggzactly

[12:10] {ese} definitely sm

[12:11] {ese} trades alot more controlled than FSLR thats for sure

[12:12] {ese} stop is .01

[12:13] {Threei} doesn't wat to

[12:14] {ese} no...doesn't does it

[12:14] {ese} may not do it now but it'll break above .50 at some point today

[12:18] {fernp} .

[12:20] {ese} interesting to watch gs trade

[12:21] {ese} well lookie here

[12:21] {Threei} off to races

[12:22] {ese} got to follow martk please

[12:22] {nemo} so, the market will make up everything it lost Friday

[12:22] {Threei} as maniak-dperessove and bipolar as this market has been, easy

[12:22] {ese} that will be interesting

[12:23] {dino} and turnaround tuesday tomorrow

[12:23] {Threei} lol

[12:23] {Threei} that's what bipolar does

[12:23] {ese} finally

[12:23] {ese} daaaaaaaaaaaa

[12:24] {dino} been mondays up, tuesdays down, fridays down

[12:24] {ese} hmmmmmmmm

[12:24] {Threei} which is alreadt a change from former "Monday to Fridat UP"

[12:25] {dino} indeed

[12:26] {dino} seems to be about 1.6% s/p drop then bounce 2% for ndx

[12:27] {ese} out gs .84

[12:27] {ese} +.33

[12:27] {ese} i'll take my 150 clams....tks vad

[12:27] {nemo} those Gulf clams?

[12:27] {ese} nope.....to infected

[12:28] {ese} BC clams

[12:28] {ese} just off of vads dock

[12:28] {Threei} yeah, t'would be sin for us to shop for seafood from anywhere else

[12:28] {ese} egggzactaly

[12:32] {dino} itmn spike

[12:33] {dino} out mos +.65

[12:33] {dino} at .90

[12:36] {dino} fsys blood

[12:39] {Threei} GS really wants to gnaw through that

[12:39] {Threei} did

[12:39] {magoo} in my best danny glover voice " RIGGS"

[12:41] {dino} wow fsys

[12:41] {Threei} FSYS Weakness being attributed to Italian new car registrations for April

[12:41] {Threei} - FSYS stock has been linked to Italian alternative fuel vehicle sales in the past.

[12:41] {Threei} - note too ... (27.34, -4.13, -13.12%) more...

[12:41] {Threei} - note too that FSYS will report earnings on 5/6

[12:42] {dino} thats all i find too

[12:42] {Threei} scalped FSYS

[12:43] {Threei} 27.10 entry

[12:43] {Threei} faster than could say mama

[12:43] {Threei} diaper change time

[12:43] {Threei} dollar move on GS

[12:44] {dino} sm l .50 fsys

[12:45] {Threei} CAL Shareholders reportedly file suit to block tentative merger with UAUA; claims undervalues company (22.90, +0.55, 2.46%) (related UAUA )

[12:47] {dino} out .89, +.39

[12:47] {Threei} we kind of shared this whole move dino

[12:47] {Threei} I took part from .10 to .50, you from .50 to .80

[12:47] {Threei} fair, half'n'half

[12:48] {dino} :D

[12:48] {Threei} to .90, sorry

[12:49] {dino} glad i could be of assistance

[12:49] {Threei} you mean you bought from me?

[12:49] {Threei} nah

[12:50] {dino} just the alert on it

[12:50] {dino} out mfe .86, +.36

[12:51] {dino} out cagc .99, +.19

[12:51] {Threei} wtg

[12:52] {dino} ty

[12:52] {dino} early mornings hurting me, later better

[12:54] {Les} what's up

[12:54] {Threei} market

[12:54] {Les} and so is uncle buck

[12:54] {Les} what give

[12:54] {Les} s

[12:54] {Threei} why not

[12:55] {Threei} buck goes up on Europe weakness

[12:55] {Threei} market goes up despite Europe weakness

[12:55] {Threei} seems perfectly logical to me

[12:55] {Les} sounds good

[12:56] {Threei} any market commentator has this template

[12:56] {Threei} "beacuse" and "despite" are interchangable in it

[12:56] {Threei} so they just throw in the event and depending on UP or DOWN oinsert because or despite

[12:57] {Threei} and sound incredibly smart

[12:57] {Threei} EU) ECB's Bini Smaghi: EU Stability pact should be revised to include stronger economic governance

[12:58] {Threei} GD Secretary of Defense Gates reportedly questions need for multi-billion dollar Marine landing craft project by General Dynamics (77.24, +0.88, 1.15%)

[12:58] {Les} ok. used to inverses correlation

[12:59] {magoo} RIGGS

[13:03] {magoo} out RIG hgere .52, + 1.52

[13:04] {magoo} [11:58] {magoo} RIG could xplode up

[13:04] {dino} gj

[13:05] {magoo} [12:39] {magoo} in my best danny glover voice " RIGGS"

[13:06] {Threei} (IR) Ireland Officials: additional flight ban could be possible due to volcanic ash; could impose new no fly zone tommorow (related RYAAY BAY.UK )

[13:15] {Les} DNDN

[13:25] {ese} gotta go.......tks vad for GS.....cya tomorrow

[13:26] {shorty} Bye ese

[13:26] {Threei} take care ese

[13:33] {Les} WFC read vad?

[13:34] {Threei} not really

[13:35] {Les} sorry, bit premature

[13:47] {shorty} I will see you guys tomorrow.

[13:47] {Les} ciao shorty

[13:51] {Threei} take care shorty

[13:51] {Les} rig squeeze

[13:53] {magoo} BP RIG xploding

[13:53] {magoo} no pun intended

[13:53] {Threei} NLC Comments on Gulf oil spill; To date sales related to dispersants have not had a material financial impact on the company (26.62, +1.89, 7.64%)

[13:58] {Les} bhp trying to negotiate 200ma resistance here. looking for long entry

[14:00] {Les} l bhp .16 small

[14:02] {magoo} RIg green

[14:02] {Les} damn rig shook me out good

[14:03] {Threei} GET Reports Q1 R$217M v $212M y/y (30.11, -3.64, -10.79%)

[14:04] {Les} l GET 30 small

[14:05] {Threei} Reports Q1 -$0.04 v -$0.05e

[14:05] {Threei} GET Hearing Raymond James upgrades rating (timing uncertain) (30.00, -3.75, -11.11%)

[14:11] {dino} get flood issues, pulls guidance

[14:13] {Threei} wow BP

[14:14] {magoo} yup..u are correct

[14:14] {Threei} BP Strength attributed to speculation that BP will be able to curtail the multiples leaks from Horizon well project quicker than previously believed (50.46, -1.69, -3.24%) (related CAM RIG OIH )

[14:15] {Les} Mags?

[14:15] {Les} you start that rumour?

[14:15] {Threei} lol

[14:15] {magoo} i thought vad was gonna say" i bet magoo killing it"

[14:16] {magoo} which i have been...

[14:16] {Threei} .40 break

[14:16] {magoo} [14:13] {&Threei} wow BP

[14:16] {Threei} if holding .30

[14:16] {magoo} [14:14] {magoo} yup..u are correct

[14:16] {nemo} what stock vad?

[14:16] {dino} fire l .65

[14:18] {Threei} out .60

[14:18] {Threei} too soon?

[14:19] {Threei} - one company official is cited as saying today that one of the three leaks may be sealed with a cut off valve, while the two larger leaks could be capped with containment domes within the next two weeks.

[14:19] {Threei} yeah, too soon

[14:21] {Les} out bhp +.32

[14:22] {Threei} cool beans

[14:22] {Threei} all slackers who left early will be crying tomorrow

[14:22] {Les} unfortunately not yet a squeeze candidate like I was hoping

[14:23] {Les} GET is a dog. GO ON, GET!

[14:23] {Threei} it doesn't hunt

[14:23] {Threei} leave it slone

[14:24] {Threei} alone too

[14:24] {chris} Hey Vad..I finally made it work

[14:24] {Threei} hey Chris!

[14:24] {chris} how was the weekend?

[14:24] {Threei} guidance overwhelms earnings, les

[14:25] {Threei} dcc chris

[14:25] {Les} alright. will hunt elsewhere. out flat

[14:27] {dino} get has to shut down for couple months, flooded

[14:28] {Les} ok. kept 100 shares. got 50ma slowly pushing it up. let's see

[14:31] {dino} dv sm l .50

[14:33] {dptl} Vad, phh breakdown?

[14:34] {Threei} worth a try but don't count on much

[14:34] {dptl} ty....did't get it

[14:36] {dptl} pfg breakout?

[14:37] {Threei} nah

[14:39] {Les} nope. GET is a dog

[14:39] {Threei} with fleas

[14:42] {Les} CAL closing in on 23 for another go

[14:43] {Les} HAL hod break vad?

[14:43] {Threei} not my play

[14:43] {Threei} double top is just as likely

[14:44] {Les} ok. big stop as well

[14:47] {Les} dndn coming down

[14:49] {Les} s dndn .69 sm. averaging in

[14:54] {dino} out fire +.38

[14:54] {Threei} wtg

[14:56] {dino} ty

[14:58] {Threei} XRX ACS Signs $1.6B California Medicaid Contract

[14:59] {Threei} BP is serious

[15:06] {Threei} nice pullback

[15:08] {Les} nice pullback on rig

[15:08] {Threei} BP Spokesperson: No change in oil flow detected at the spill site; same since yesterday (49.89, -2.26, -4.33%)

[15:09] {nemo} bp DT'd at the 200 ma

[15:09] {Threei} i2r!

[15:10] {i2romantis} Hey Vad! good to be back, decided to get back in the game sooner

[15:10] {Threei} cool beans

[15:11] {Threei} BP

[15:11] {Threei} .65 break if holding .50

[15:12] {Threei} 1:1 in a blink of eye

[15:12] {nemo} it was gone by the time I looked

[15:13] {Threei} 1:2

[15:14] {Threei} I am outta there

[15:14] {Threei} scary thing

06[15:14] * Threei slaps magoo around a bit with a large roll of cash

06[15:14] * Threei slaps jfjf64 around a bit with a large roll of cash

[15:17] {jfjf64} lol

[15:17] {jfjf64} too fast 4 me

[15:20] {Threei} getting slow at your old age?

06[15:21] * Threei is hiding under nearest rock

06[15:21] * Threei notices it took him 3 minutes to react

[15:21] {Threei} wow, now what

[15:22] {jfjf64} hmm

[15:23] {dino} jupiter ins. co., bp's insurer is 100% owned by bp, real$.com

[15:23] {RonS} BP Says It 'Significantly' Cut Flow Of Oil From Damaged Rig Report 05/03 01:21 PM

[15:25] {RonS} ...that was from DJ...

[15:26] {Threei} market had very brief reaction

[15:26] {Threei} I guess starts getting tired

[15:26] {Threei} needs something more solid than minute by minute hedlines

[15:26] {RonS} clf dive...

[15:26] {nemo} nice ron

[15:27] {nemo} look how low volume today

[15:27] {dino} have to go early today, thx all

[15:27] {Threei} with all this hoopla I missed this:

[15:27] {Threei} ABK Regains Compliance with NYSE Minimum Share Price Listing Requirement (1.43, -0.08, -5.30%)

[15:27] {Threei} take care dino'

[15:27] {dino} will do

[15:28] {nemo} I have to head out in a few also

[15:28] {Threei} slackers

[15:28] {nemo} hardly

[15:28] {Threei} slacker flood

[15:28] {nemo} I'm going to work

[15:28] {Threei} slackerfest

[15:28] {Les} ? you got a real job nemo?

[15:29] {nemo} part-time

[15:29] {nemo} sell non-pc merchandise

[15:29] {Threei} it gives him a great opportunity to laugh and point fingers at me on my losing days

[15:29] {nemo} ?

[15:29] {Threei} "you haven't made anything today?? HAH!"

[15:30] {nemo} ?

[15:30] {Threei} sigh

[15:30] {Threei} never mind

[15:30] {Les} should merchandise be politically correct? pc?

[15:30] {nemo} ?

[15:30] {Threei} GS Reportedly Goldman Sachs gets subpoena related to alleged insider trading at Galleon (update) (148.57, +3.37, 2.32%)

[15:30] {Les} non-pc merchandise

[15:31] {Les} go and take your bloody medication

[15:31] {nemo} ?

[15:31] {dptl} lol

[15:31] {Threei} - reminder: on 4/23, WSJ reported that a Goldman director tipped off Galleon's Raj Rajaratnam about the impending investment in Goldman by Buffet's Berkshire in 2008.

[15:32] {Threei} ABK reacts

[15:41] {Threei} nice fat pullback would be appreciated on ABK

[15:41] {Threei} to about 1.55

[15:49] {dptl} good evening all....see ya,tomorrow

[15:49] {Threei} take care dp

[15:56] {Threei} ok guys, thank you all

[15:56] {Threei} have a good evening

[15:57] {Threei} see you tomorrow