Very nice day by any standard. 6 calls in the first half of the day, just one of them stopped. Then after the lunch inactive period we ended day with three quick scalps on HIG - today's hero. No complaints at all.

Session Time: Mon Feb 02 00:00:00 2009

[07:38] {Threei}  Good morning sleepless souls

[07:39] {tomg} morning :)

[07:39] {Threei}  tom :)

[07:39] {hawkfan4} good morning :)

[07:39] {Threei}  hawk :)

[07:39] {Threei}  and, foreseeing the future: nemo :)

[07:39] {nemo} harooo...yeah, up at 3:00 this morn.

[07:40] {Threei}  NQ - 19

[07:40] {Threei}  are we crashing finally

[07:41] {Threei}  whoever counted on bad bank news over weekend and kept FAS are waking up to unpleasant surprise

[07:42] {nemo} Buy and Hold...hahahahhahahahahahahahahahahahhahahahah

[07:42] {hawkfan4} yeah, not a happy start to the week for the banks so far

[07:42] {Threei}  well, they'll have their laugh

[07:42] {Threei}  at least those who time their entries better

[07:43] {Threei}  (US) PRESIDENT OBAMA: REPORTEDLY ASKED TREASURY SEC TO FORMULATE GUIDELINES ON FINANCIAL RELIEF - TV INTERVIEW

[07:43] {Threei}  - Obama pledges to review the operations of the FDA.

[07:43] {Threei}  - It is likely that banks have not fully acknowledged their total losses, believes US is suffering from a "massive hangover"

[07:44] {nemo} Guidelines: spread legs, put head between knees, kiss financial ass good bye.

[07:44] {Threei}  "Buy American" provisions are met with massive backlash from leaders all over the world

[07:45] {nemo} History repeating itself..Ghost of Smoot Hawley

[07:48] {Threei}  I think it safe to say, so far market is very skeptical about new plan

[07:53] {nemo} Feb. 2 (Bloomberg) -- President Barack Obama will require banks to boost lending to consumers and companies in return for taxpayer aid from the $700 billion bailout fund, in a departure from Bush administration policy, a key lawmaker said. 

[07:53] {nemo} That's kinda' what got us in trouble in the first place when they pushed the poor/minority lending in sub-prime

[07:54] {Threei}  I guess the major question will be, how to draw a line between responsible lending and to anyone with a pulse

[07:55] {Threei}  potential for all kinds of fraud or simple irresponsibility is enormous

[07:55] {Threei}  "but you demanded I lend, so I did"

[07:56] {nemo} Goes with the territory.  It's to be expected.  Happens with every disaster

[08:03] {hawkfan4} HIG up a buck on Barrons article

[08:05] {Threei}  - positive article on Hartford Financial Services (HIG). The stock has been battered as its mark-to-market bond prices caused unrealized gross bond losses jump from $700M in December, 2007, to $11.6B last October. These are only theoretical losses (unless the bonds are actually sold), notes Barron's, and the 'stock looks like an ultracheap bet on recovery in the bond market,' adding it could double in the next few years.

[08:05] {Threei}  "it's not a loss until you sell"?

[08:06] {hawkfan4} lol

[08:19] {Threei}  could this opening look any uglier?

[08:19] {Threei}  BALTIC DRY BULK INDEX +2.7%, 10TH STRAIGHT INCREASE

[08:20] {nemo} Well...yes...we could be limit down

[08:20] {Threei}  look at DRYS

[08:21] {nemo} Coulda' rode that short for a couple of days.  No dead cat bounce...already embalmed

[08:21] {hawkfan4} sick

[08:21] {nemo} me or the market...watch it.

[08:22] {nemo} couple of stories this morning on railroad traffic and trucking probably didn't help DRYS

[08:26] {cujo} good morning

[08:26] {Threei}  cujo :)

[08:28] {cosmo} OMEX:  # Admiral Balchin's HMS Victory Discovered by Odyssey Marine ExplorationBusiness Wire(Mon 8:00am)

[08:28] {cosmo} 1775 it sunk

[08:28] {nemo} morning Larisa :)

[08:28] {cosmo} 1744 ...sorry

[08:29] {nemo} how could you mess that up cosmo?

[08:29] {larisa} good morning nemo, cosmo, vad :)

[08:29] {Threei}  larisa :)

[08:29] {cosmo} nemo, lars, 3i:)

[08:29] {Threei}  cos :)

[08:30] {cosmo} that ship must have a lot of gold on it

[08:30] {Threei}  DEC PERSONAL INCOME: -0.2% V -0.4%E; PERSONAL SPENDING: -1.0% V -0.9%E

[08:30] {Threei}  DEC PCE CORE M/M: 0.0% V 0.0%E; PCE CORE Y/Y: 1.7% V 1.7%E; PCE DEFLATOR Y/Y: 0.6% V 1.0%E

[08:40] {Threei}  ASTM unpleasant news undermine stem cells

[08:40] {Threei}  GERN is holding more or less though

[08:42] {nemo} DRYS showing signs of bottoming

[08:44] {nemo} Gold down $20...weird...profit taking from Friday I guess

[08:46] {Threei}  PLD LOWERS DIVIDEND

[08:47] {nemo} just a surfeit of positive information this morning

[08:52] {magoo} morning

[08:52] {Threei}  magoo :)

[08:52] {nemo} magus

[08:53] {nemo} ooohhh...did I just complement mags...ouch

[08:54] {magoo} end of world {again} i see

[08:54] {nemo} I'll get the vodka...

[08:55] {Onix} Good morning all

[08:55] {Threei}  onix :)

[08:56] {dino} gm all

[08:56] {Threei}  dino :)

[08:56] {dino} :)

[08:56] {nemo} dino :)

[08:57] {dino} gm nemo

[08:58] {dino} looking bloody

[08:59] {nemo} futures might only be seeing sell orders at the moment.  Vad, what was it Bill said about pre-market futures inaccuracies a few months back?

[08:59] {Threei}  I am lucky if I remember what I said yesterday

[09:00] {nemo} Yeah, before my 2nd cup of coffee I have to check my license to remember my name.

[09:00] {KSystems} good morning!

[09:01] {Threei}  KS :)

[09:01] {nemo} Gruess Gott Herrn K

[09:06] {Threei}  FED'S FISHER: TRADE PROTECTIONISM IS THE "CRACK COCAINE" OF ECONOMICS

[09:06] {cosmo} how does he know?

[09:06] {magoo} man..can u believe drys is knocked down to here?unreal

[09:06] {Threei}  US CANNOT AFFORD THE "BUY AMERICAN" PATH

[09:06] {ese} morning

[09:07] {Threei}  showdown between Fed and Prez?

[09:07] {Threei}  ese :)

[09:07] {ese} is he saying it's good or is he saying it's bad?    ....fisher

[09:08] {Threei}  depends on a view on crack cocaine...

[09:08] {cosmo} and how much it si...

[09:08] {cosmo} is

[09:08] {Threei}  well, DRYS hit 3 on last round of selling

[09:11] {Threei}  NYMEX MAR CRUDE MOVES BELOW THE $40/BARREL LEVEL

[09:12] {Threei}  my working assumption for the day:

[09:13] {Threei}  failed bounce attempt at the open, strong selloff, sizeable bounce midday, miserable closing

[09:14] {dino} forever the optimist, huh 3i  :)

[09:14] {magoo} 3 of 4 not so pleasant

[09:14] {Threei}  lol

[09:15] {magoo} than keep eye on idea to short pop

[09:15] {Threei}  everything can change in a blink of eye if some soundbites from the top appear

[09:16] {fernp} Hello everybody

[09:16] {dino} no more sound bites. i had a chat w/govt. about this

[09:16] {dino} fern:)

[09:16] {Threei}  fern :)

[09:16] {dino} happy groundhog day btw

[09:17] {Threei}  what did the rodent say about winter?

[09:17] {dino} i don't know

[09:17] {dino} google it i gues

[09:17] {dino} guess

[09:17] {Onix} what?

[09:18] {tomg} said 6 more weeks

[09:19] {ese} ROK dino

[09:19] {Threei}  apparently it didn't watch Al Gore's movie...

[09:19] {dino} cuts view .83 vs .84 est

[09:25] {magoo} vad..is there a laser symbol for the SPY

[09:26] {Threei}  "/sp9h"

[09:26] {elepet} good morning all

[09:26] {Threei}  elepet :)

[09:27] {magoo} ty..i do not get an data..must need another feed 

[09:27] {magoo} no biggie

[09:31] {dptl} gm all

[09:31] {Threei}  dp :)

[09:32] {Threei}  DYS is looking for 5 and probably under

[09:32] {Threei}  DRYS

[09:35] {Threei}  want to try for double bottom, 5.10 break long

[09:35] {Threei}  with obvious stop under 5

[09:36] {Threei}  wow FAS

[09:37] {Threei}  DRYS touched 1:1

[09:37] {ese} L ITRI .25 sm

[09:38] {Threei}  back to 1:1, so far so good

[09:38] {Threei}  half out

[09:38] {ese} check out the bounce in ROK dino

[09:39] {ese} did not know how to read it.....too bade

[09:41] {ese} out ITri .50

[09:41] {ese} +.25

[09:41] {Threei}  :)

[09:41] {Threei}  FAS back into lows

[09:41] {ese} Dangerous.... don't know how dino lives like this

[09:43] {KSystems} he is the DangerDino(tm)

[09:43] {nemo} wow k

[09:44] {Threei}  (EU) EU'S ALMUNIA: THE BAD BANK CONCEPT WILL BE DISCUSSED AT THE UPCOMING G20 MEETING

[09:44] {ese} ROK still bouncin

[09:45] {dino} was thinking 19 area

[09:45] {Threei}  market is holding much better than I expected

[09:45] {Threei}  out balance DRYS

[09:45] {Threei}  pretty much a wash

[09:45] {cosmo} bad banks are run by banksters?

[09:46] {ese} internals lok ok vad.......tick up trin dn

[09:48] {Threei} Long Setup:  HIG  14 break if stays above 13.90

[09:49] {Threei}  1:1

[09:49] {cosmo} beav

[09:50] {Threei}  1:2 HIG, full out

[09:53] {nemo} off for Magoo technique

[09:54] {Threei}  FAS, pullback into .40 should be entry opportunity

[09:55] {Threei}  .40 crossback

[09:56] {Threei}  with stop under .30

[09:58] {Threei}  1:1, half out

[09:58] {dino} hmmm, a few i watch are turning up

[09:58] {Threei}  stop to .37 for those who holds half

[09:58] {Threei}  hold

[09:58] {nemo} back to investor?

[09:59] {dino} ed stocks holding up

[10:00] {Threei}  JAN ISM MANUFACTURING: 35.6 V 32.5E; PRICES PAID: 29 V 18E

[10:00] {Threei}  *DEC CONSTRUCTION SPENDING M/M: -1.4% V -1.2%E

[10:00] {Threei}  - prior revised from -0.6% to -1.2%

[10:01] {Threei}  out FAS in full .62

[10:01] {tomg} ty vad

[10:01] {Threei}  welcome

[10:01] {cujo} thanks

[10:01] {Threei}  :)

[10:02] {hawkfan4} thx vad

[10:02] {ese} L SGMS

[10:02] {ese} .54

[10:02] {ese} wasn't sure what the fill was there for a second

[10:02] {ese} 1/2

[10:05] {ese} stop .35

[10:05] {Threei} Long Setup:  SMH  .26 if stays above .20

[10:06] {hawkfan4} DRYS may be trying

[10:08] {magoo} out FAS .77 TY

[10:09] {magoo} in SMH

[10:09] {hawkfan4} wow, nice mags

[10:09] {Threei}  good one mags

[10:09] {magoo} your pick..ty

[10:10] {ese} nice mags ...when were you in on that one

[10:10] {magoo} vads trigger

[10:10] {magoo} just held

[10:13] {Threei}  OCC'S DUGAN: "BAD BANK" PLAN'S MAIN ISSUE IS THE DETERMINATION OF VALUE ON ASSETS - INTEVIEW COMMENTS

[10:13] {Threei}  SMH 1:1 for hard core scalpers

[10:14] {Threei}  1:2

[10:15] {Threei}  whatever you decide to do with it from here, do not lose money on it

[10:15] {tomg} out smh ty vad

[10:15] {Threei}  welcome

[10:15] {cujo} great call on SMH

[10:16] {_buyemsellem} very nice on SMH Vad thanks

[10:16] {Threei}  welcome guys

[10:16] {Threei}  we maybe a bit too careful this morning, taking profits rather quickly

[10:16] {Threei}  but with that opening we had, only reckless would act any differently

[10:16] {cujo} gunshy from last week

[10:17] {_buyemsellem} I'm stop trailing with half my SMH

[10:17] {Threei}  where is your stop now?

[10:17] {_buyemsellem} .35

[10:17] {Threei}  easy to tag on accidental downtick...

[10:18] {_buyemsellem} true

[10:18] {Threei}  my idea of trailing would be .29

[10:18] {_buyemsellem} got it

[10:19] {Threei}  see 10:14 and 10:15 candles

[10:19] {Threei}  those define new support at this point

[10:23] {Threei}  CSIQ

[10:23] {Threei}  SIGNS AGREEMENTS WITH R&D ORGANIZATIONS

[10:23] {Threei}  - signed research partnership contracts with DuPont, University of Toronto and Shanghai Jiao Tong University. The partnership with DuPont will focus on improving our solar grade cells. The research center is the only provincially accredited PV cell research center in Jiangsu Province. It is currently staffed by 20 scientists, engineers and technicians, four of whom have PhD''s.

[10:23] {Threei}  - The center will ultimately have a staff of 38. The 1500 M2 facility will cost a total of $10M, with the bulk of the expenditures paid in 2008.

[10:24] {dino} bth

[10:31] {Threei}  ok guys, so far so good,

[10:31] {Threei}  and this pullback doesn't really feels to me as another one to buy

[10:31] {Threei}  rather trend reversal

[10:32] {Threei}  not looking for longs here,and will be looking for short on bounce with double top scenario

[10:32] {Threei}  we are 3/12 for 4

[10:32] {cujo} ;)

[10:33] {Threei}  should I have been smarter and taken full profit on a first trade, would be 4 for 4

[10:33] {Onix} gj Vad, thanks

[10:34] {Threei}  but I reserve my right to be dense sometimes... it's basic human right enshrined in Constitution

[10:34] {Threei}  at least in the version I remember

[10:34] {nemo} your in Canada

[10:34] {magoo} and its DRYS too..has become a serial disappointer 

[10:34] {nemo} Doesn't that make you a British subject?

[10:35] {Threei}  I guess

[10:37] {magoo} tired..dino threw a whopper of a superbowl party

[10:37] {Threei}  FAS high is 9.10, for a double top purposes

[10:38] {magoo} HIG blast off

[10:39] {dino} sm l mcd .60

[10:41] {Threei}  FAS over 9 was pretty much a blind guess as for precise price of entry

[10:42] {Threei}  if ou went in on a general double top idea, stop is above .10, and let it trade after taking half off

[10:42] {Threei}  if not, don't chase

[10:43] {KSystems} SMN l hl .23 stopped -.35

[10:43] {Threei}  look at SMH

[10:43] {Threei}  perfect double top

[10:44] {KSystems} FAZ l sm .02 - out half +.29 - out rest .+58

[10:44] {Threei}  nice

[10:44] {KSystems} WL s hl .38

[10:44] {KSystems} PEC s hl .11

[10:44] {KSystems} EWZ s hl .21

[10:45] {KSystems} EWZ out half +.18

[10:46] {Threei}  if looking for short entry on FAS on bounce, see if we get mid .90s with stop above 9.05

[10:49] {KSystems} WL out half +.14

[10:52] {Threei}  FAS should become bounce-worthy around .60

[10:55] {cujo} Vad, any read on HIG here?

[10:56] {Threei}  it's bounce-bound, just can't tell off 14 or after breakdown

[10:56] {Threei}  quick dive under 14 would be prefect

[10:56] {cujo} ok, thought it might be a candidate here. got ya

[10:56] {cujo} will keep aneye out

[10:56] {cujo} thanks

[10:56] {Threei}  it is candidate for sure

[10:57] {nemo} that'll hurt cujo

[10:57] {cujo} :)

[10:58] {cujo} .)

[10:58] {cujo} ha ha ha ha

[10:58] {Threei}  14.10 shapes up

[10:58] {nemo} you have a corny sense of humor too

[10:58] {Threei}  as resistance to break

[10:58] {cujo} i try

[11:00] {Threei}  (CH) CHINESE PREMIER WEN: ACCEPTS RESPONSIBILITIES, YET CHINA STILL 'DEVELOPING', AWARE OF GAP WITH RICHER COUNTRIES

[11:00] {Threei}  - Notes that the country must complete its industrialization.

[11:00] {Threei}  - World financial crisis has not hit bottom yet

[11:02] {Threei}  if triggers from here, stop is obviously under 14

[11:05] {Threei}  if took aggressively, look to exit half near .10

[11:06] {KSystems} EWZ out 1/4 +.36

[11:07] {Threei}  wtg

[11:07] {KSystems} ty

[11:08] {cujo} 8.60s still valod on FAS? 

[11:08] {Threei}  most likely lower

[11:11] {Threei}  here comes da break

[11:12] {KSystems} SJT sm s .70 stop .02

[11:12] {Threei}  1:1

[11:12] {Threei}  PRESIDENT OBAMA: HOPING FOR PASSAGE OF STIMULUS BILL WITHIN 'NEXT COUPLE WEEKS''

[11:19] {ese} lllllll

[11:19] {ese} sorry bout that

[11:19] {Threei}  why, it was quite interesting

[11:19] {ese} thought i signed out again

[11:22] {Threei}  time for FAS to dive sharply

[11:25] {KSystems} SJT out half +.32

[11:26] {nemo} sjt

[11:27] {hawkfan4} gern

[11:31] {Threei}  no drop FAS, range bound instead

[11:34] {Threei}  I wish I knew how to time GERN, lol

[11:35] {magoo} i wish u new how to time goldman lol

[11:36] {magoo} hawk..u hitting GS/

[11:37] {hawkfan4} watching it, tough read today

[11:37] {magoo} yep..i havent tried it

[11:42] {KSystems} ENER hl s .57 stop .72

[11:44] {hawkfan4} in gs .82, stop .60

[11:45] {Threei} Long Setup:  RIMM  .05 half lot

[11:45] {Threei}  if stays above .90

[11:47] {Threei}  stop to .95

[11:48] {Threei}  that was actually right place originally, just gotta ccount for RIMM's natural volatility

[11:48] {nemo} figures-I grab something to eat.

[11:48] {hawkfan4} 1/2 out GS .26

[11:49] {Threei}  out

[11:49] {Threei}  .34

[11:49] {cujo} out

[11:49] {cujo} thanks Vad

[11:49] {Threei}  + .29

[11:49] {magoo} out HIG here .61 TY vad

[11:49] {Threei}  welcome

[11:49] {KSystems} SJT and WL rest out b/e

[11:50] {magoo} nice GS hawk..u da man..er,um, bird

[11:50] {hawkfan4} me too mags, out .61, nice

[11:50] {hawkfan4} lol

[11:50] {magoo} lol

[11:50] {hawkfan4} out rest gs

[11:51] {Threei}  what do you know... shapes up as a very nice day

[11:51] {_buyemsellem} indeed

[11:51] {Threei}  who would have thought, afdter that blood-soaked opening

[11:51] {magoo} seems to be some dip buyers

[11:51] {hawkfan4} yeah, 10 minutes ago i was starting to think the day was a lost cause

[11:52] {magoo} pray for magoo..but above all else...pray for the market

[11:53] {Threei}  6 calls, 5 wins, 1 breakeven

[11:53] {Threei}  can I go home?

[11:53] {cujo} NO

[11:53] {cujo} ;)

[11:53] {hawkfan4} lol

[11:53] {nemo} Arm?

06[11:53] * magoo slaps &Threei around a bit with a large roll of cash

[11:53] {nemo} shoulder?

[11:54] {_buyemsellem} you mean this isn't your home?

[11:54] {Threei}  you meanines

[11:54] {Threei}  meanies

[11:54] {cujo} tough love...

[11:54] {magoo} what? i hit u with ching ching

[11:54] {Threei}  so what... you are natural meanie

[11:55] {magoo} that does it

[11:55] {nemo} like attracts

06[11:55] * magoo slaps &Threei around a bit with a large his steel toed boots minus the steel cause we still need u when your hot

[11:56] {Threei}  okay okay... now gimme my boots back

[11:56] {dino} mygn drop

[11:58] {nemo} faz

[11:58] {nemo} nevermind

[12:01] {dino} leftover "big sandwich" for lunch

[12:01] {hawkfan4} nice

[12:02] {Threei} Long Setup:  .50  break half lotRIMM

[12:02] {hawkfan4} gern .03, stop under .90

[12:02] {dino} yeah, had a 4 footer for game, about a foot left

[12:02] {Threei}  if holding above .35

[12:03] {nemo} what stock vad?

[12:03] {Threei}  RIMM

[12:03] {magoo} in

[12:05] {Threei}  won't retreat with market

[12:05] {Threei}  if NQ breaks, RIMM should be good for more than scalp

[12:05] {KSystems} ENER out half +.15

[12:06] {dino} gj

[12:06] {KSystems} ty

[12:06] {Threei}  come on market, little help

[12:06] {hawkfan4} nice ks

[12:07] {Threei}  no worky

[12:08] {Threei}  most likely shakeout but not going to check it with my account

[12:14] {hawkfan4} GS shaping up for 82 break, cup n handle-ish on 5 minute.  needs the market of course, and needs to hold above .50

[12:23] {KSystems} PCG hl s .53 stop .68

[12:23] {KSystems} ADM s .28 stop 37

[12:23] {KSystems} .37

[12:25] {KSystems} ENER out 1/4 +.30

[12:25] {dino} sm l mygn .01

[12:26] {cujo} nice trade KS

[12:26] {Threei}  KS the money machine

[12:27] {Threei}  I have to say, market holds very impressively

[12:27] {KSystems} yeah..grrr

[12:28] {Threei}  if we manage to end this day without selloff, that would be akin to miracle

[12:28] {KSystems} i need to get rinsed first ;)

[12:28] {KSystems} ADM stopped -.09

[12:28] {cujo} great call Hawk.  

[12:29] {hawkfan4} thx cujo

[12:29] {Threei}  very nice on GS

[12:30] {Threei}  FAS starts looking like break is coming

[12:30] {KSystems} ENER rest out +.12

[12:31] {magoo} nice read HAWK

[12:31] {hawkfan4} ;}) thx

[12:31] {Threei}  if can get it closer to 9 would be perfect

[12:32] {Threei}  US TREASURY TO REPORTEDLY ANNOUNCE TERMS FOR FINANCIAL CRISIS REMEDY NEXT WEEK

[12:33] {Threei}  MS

[12:33] {Threei}  WSJ; COMPANY CONSIDERING LAYOFFS OF APPROX 3-4%

[12:34] {hawkfan4} HIG .12 break

[12:35] {hawkfan4} stop under 15

[12:37] {KSystems} PCG stopped -.19

[12:37] {KSystems} UAUA s .24 stop .32

[12:37] {Threei}  HIG is aiming for 15.40 - 15.50 at least with any market help

[12:37] {magoo} was the "one" today

[12:39] {Threei}  solidly over 1:1

[12:39] {magoo} [12:09] {Threei}  most likely shakeout but not going to check it with my account

[12:39] {Threei}  yeah... shakeout that was

[12:39] {Threei}  and here comes 15.40

[12:40] {hawkfan4} 1/2 out .41

[12:42] {Threei}  beautiful read hawk

[12:43] {hawkfan4} thx, hit the chart and it was just sitting there looking perfect.  had to type fast

[12:44] {cujo} appreciate the fast typing

[12:45] {Threei}  and here comes 15.50

[12:45] {cujo} ANything additional on FAAS Vad?

[12:45] {cujo} FAS

[12:46] {Threei}  no... need pullback

[12:46] {Threei}  HIG - and here comes "at least"

[12:46] {nemo} DRYS up

[12:46] {Threei}  I am out

[12:46] {hawkfan4} :out .51

[12:47] {Threei}  CHRYSLER ANNOUNCES NEW BUYOUT OFFER TO UAW WORKERS

[12:48] {KSystems} VLO hl s .23 stop .37

[12:52] {KSystems} CENT hl s .66 stop .77

[12:53] {Threei}  FAS, dive to or just under .10 is long

[12:55] {Threei}  if starts upticking from here, get half lot .16

[12:55] {Threei}  and add another half lot on pullback, or ride first one if no pullback comes

[12:58] {Threei}  HIG afer pullback makes that "at least"

[12:58] {Threei}  pullback was not deep anough for me to consider re-entry

[13:03] {hawkfan4} stopped gern -.14

[13:03] {Threei}  not sure about continuation here

[13:03] {Threei}  if FAS dives, intend to sell under .10 instead of adding

[13:05] {Threei}  GOOG FORMALLY INTRODUCES GOOGLE EARTH 5

[13:05] {Threei}  is it parallel universe?

[13:05] {nemo} no, you can see the flowers on the pot plants in switzerland

[13:05] {Threei}  you know... Earth 1 is the same as original earth except for one detail

[13:05] {nemo} humans

[13:05] {Threei}  Earth 2 is the same except for two details

[13:05] {Threei}  etc

[13:06] {nemo} you think trend turn in FAS?

[13:06] {Threei}  can't tell

[13:06] {Threei}  that's why want to change plan

[13:07] {Threei}  not increase my exposure

[13:07] {Threei}  and out tighte stop to half lot

[13:07] {Threei}  put

[13:07] {Threei}  it made lower high, but not lower low yet

[13:08] {Threei}  so I put stop at lower low

[13:08] {Threei}  in case of trend change signalled by lower low I am out

[13:08] {Threei}  in case of triangle forming if no lower low, I am still in but just half lot

[13:08] {Threei}  out

[13:09] {nemo} faz broke cup and handle

[13:09] {KSystems} VLO out half +.14

[13:12] {KSystems} ARB half out +.15

[13:14] {KSystems} UAUA half out +.08

[13:15] {Threei}  sigh

[13:15] {KSystems} VLO out 1/4 +.28

[13:16] {hawkfan4} geesh, nice job

[13:16] {Threei}  irritating eh?

[13:16] {KSystems} ty

[13:17] {KSystems} i was way too early though

[13:17] {nemo} easy on K guys, he punted on a couple today.  Wait till he pulls an Ofer, then stomp on him!!!

[13:17] {KSystems} built up huge short positions against mkt

[13:17] {nemo} makin'fun of my stature K

[13:18] {KSystems} what stature?

[13:18] {nemo} height

[13:19] {KSystems} omg

[13:19] {KSystems} same here

[13:19] {nemo} Die Raache ist ein Gericht kalt genossen ist...

[13:19] {nemo} heheehh

[13:19] {KSystems} how tall are ya?

[13:20] {nemo} not very, and I've reached that point in my life where my eye level drops year by year

[13:20] {cujo} same here nemo, shrinking a little bit every year

[13:20] {dino}  lol

[13:21] {nemo} FAS turn?

[13:21] {larisa} try heels ? very metrosexual :)

[13:21] {KSystems} FCL sm l .46 stop .23

[13:22] {nemo} nah!  I don't look like I'm staring at body parts when I walk down the street.

[13:22] {KSystems} UAUA out 1/4 +.16

[13:22] {nemo} ALRIGHT!  I give...pick on K

[13:24] {Threei}  one more leg down on FAS before trying for reversal

[13:24] {Threei}  should lose .80

[13:29] {KSystems} UAUA rest out +.10

[13:30] {nemo} mmmmh...DB on FAS on 1 minute chart?

[13:31] {Threei}  could be, but still feels another drop is more likely

[13:32] {Threei}  if it's a double bottom, then .92 long with .84 stop

[13:32] {Threei}  and most likely just a mini-scalp

[13:33] {Threei}  not even sure it's worth the risk

[13:33] {nemo} why mini? lunch volume

[13:33] {Threei}  more feels like lunch time boredom trade

[13:34] {nemo} Oh..I'm thinking like you :):?:(

[13:34] {Threei}  that's disturbing

[13:35] {nemo} yeah

[13:35] {nemo} mmmmhhhh...what can I make a noose out of?

[13:36] {dino} vsec sm l .48

[13:37] {nemo} vlo volume up last 20 minutes

[13:40] {KSystems} VLo out rest +.33

[13:41] {Threei}  there... FAS 1:1 if you went for that scalp

[13:49] {Threei}  lunch time aimless wandering

[13:50] {larisa} it is 2 pm, what lunch time :)

[13:50] {nemo} 2 hour 4 martini lunch time

[13:50] {Threei}  wall street takes looong lunches...

[13:51] {nemo} imagine that...only 4 drinks in two hours...sheesh

[13:52] {dino}  i can't

[13:53] {Threei}  RIMM, see that big offer at .11?

[13:53] {nemo} Hi dad

[13:54] {Threei}  long half lot if taken and if holding 56

[13:55] {Threei}  invalidated

[13:55] {Threei}  FAS under .80

[13:56] {KSystems} ARB out 1/4 +.30

[13:56] {dino} gj

[13:56] {KSystems} thanks

[13:56] {cujo} buy here under .80?

[13:56] {cujo} or just an FYI?

[13:56] {Threei}  should be a bounce soon, but not ready yet

[13:57] {Threei}  it has this way of overstretching bands before bouncing

[13:58] {Threei}  under .70 will be better

[13:59] {Threei}  or between .70 and .75

[13:59] {nemo} got the hangman at .75

[14:01] {Threei}  FED: US BANKS TIGHTENED LOAN TERMS IN COMMERCIAL REAL ESTATE

[14:01] {Threei}  US FED LOAN OFFICER SURVEY: FEWER US BANKS TIGHTENED LOAN TERMS IN Q4, STILL LARGE QUANTITY OF BANKS TIGHTENING TERMS

[14:01] {Threei}  - Household loan demand continues to fall

[14:01] {nemo} Great...after everybody is gone bankrupt.  Barn doors open pal!

[14:05] {nemo} lunch should be getting over soon

[14:07] {KSystems} HUM sm l .36 stop .98

[14:07] {KSystems} MHP hl l .61 stop .48

[14:08] {magoo} anyone take FAS?

[14:08] {Threei}  .72

[14:08] {magoo} k

[14:09] {Threei}  not counting on much

[14:09] {magoo} .88 area?

[14:09] {Threei}  even less I think

[14:09] {Threei}  who wants to see the very definition of UGLY... look GE daily

[14:09] {nemo} have downward wedge since 2:00

[14:09] {nemo} on FAS

[14:11] {dino}  out mygn .49, +.48

[14:11] {Threei}  wtg

[14:11] {dino} ty

[14:13] {magoo} any read HIG boss?

[14:14] {Threei}  well, 15 break is kind of given by the chart... market help is sooo questionable

[14:15] {Threei}  unless market spikes, I would really prefer pullback on HIG

[14:17] {Threei}  out FAS +.10

[14:18] {KSystems} MTN hl l .78 stop .63

[14:19] {Threei}  if you went for HIG, over 1:1 here

[14:20] {KSystems} ARB out rest +.21

[14:21] {nemo} Maybe K should set up his own trading room  :)

06[14:21] * Threei is happily retiring

[14:22] {nemo} The two are not linked

[14:22] {Threei}  I link it to anything even remotely connected

[14:22] {Threei}  or totally disconnected

[14:23] {Threei}  this HIG pullback looks better

[14:27] {KSystems} MTN stopped -.19

[14:30] {magoo} RIMM bounce vad?

[14:30] {Threei}  it bounced about 40 cents... you don'ty mean chasing it here

[14:30] {magoo} no..looking for new setup

[14:31] {Threei}  pullback to about .20

[14:31] {Threei}  alternatively, consolidation between .35 and .50

[14:31] {Threei}  then break

[14:31] {Threei}  not my preferrable

[14:32] {Threei}  this kind would require general market reversal to the upward, which is not what we see yet

[14:32] {KSystems} HUM half out +.38

[14:32] {dino} gj

[14:33] {KSystems} FCL stopped -.24

[14:36] {Threei}  DRYS under 5 again

[14:36] {magoo} chanserv tough

[14:36] {Threei}  what a miserable stock

[14:36] {magoo} boss cant even get in

[14:37] {Threei}  he should remember his password

[14:37] {Threei}  elepet... how does your sell on DRYS look now

[14:37] {dino} feels like thursday and friday all over again

[14:38] {Threei}  well, morning bounce was more impressive than selling... so far at least

[14:38] {Threei}  of course has enough time to correct that, lol

[14:39] {dino} vsec partial out .87, +.38

06[14:39] * Threei slaps laserdave around a bit with a large reminder to enter correct password in order to avoid both kicking and slapping

[14:40] {Threei}  (US) FED'S FISHER: THE US ECONOMY IS SUFFERING FROM FALLING CONFIDENCE, TIME FOR "FISCAL POLICY TO KICK IN" - TV INTERVIEW

[14:40] {Threei}  - Sees a slow recovery and a rough couple of quarters, expects "pretty flat" US GDP growth in 2009

[14:42] {KSystems} KBH hl l .96 stop .78

[14:47] {KSystems} ISIS l .20 stop .13

[14:48] {cujo} big sell off in CAT

[14:53] {larisa} 15 cents ?

[14:53] {larisa} or intraday you mean

[14:53] {cujo} sorry meant the selling volume

[14:53] {cujo} was looking at 1 min chart

[14:54] {cujo} 14:47

[14:54] {larisa} oh ok, thought my charts are off

[14:54] {cujo} nah, bad wording on my part

[14:56] {cujo} test

[14:56] {hawkfan4} pass

[14:56] {cujo} thanks

[14:59] {KSystems} HUM out rest +.02

[15:04] {larisa} dino, finish positive today ? :)

[15:05] {Threei}  just 90 points

[15:05] {Threei}  nothing in terms of volatility these days

[15:06] {KSystems} MHP half out +.13

[15:07] {KSystems} CHE half out +.27

[15:08] {KSystems} BLL sm l .81 stop .53

[15:09] {Threei}  TREASURY QUARTERLY FINANCING ESTIMATE (Q1 AND Q2): TO BORROW $493B THIS QUARTER V $368B PRIOR FORECAST

[15:09] {Threei}  - To borrow $165B in marketable debt in Q2

[15:09] {Threei}  sheesh

[15:10] {KSystems} ISIS out half +.08

[15:15] {KSystems} CHE out rest +.50

[15:16] {Threei}  who would have thought market wanted up on the last hour

[15:17] {Threei}  HIG .10 - 1.5 zone for bounce

[15:17] {Threei}  .10 - .15

[15:18] {dino}    mcd stop to .08\

[15:19] {Threei}  touched .15 and bounced

[15:20] {dino} out mcd .08, +.48 all dayer

[15:20] {hawkfan4} had a bid .13

[15:20] {dino} out axys remainder .06, +.58

[15:20] {cujo} i'm still out there at .15

[15:20] {hawkfan4} nice dino

[15:20] {Threei}  T BOONE PICKENS: OIL PRICE COULD INCREASE TO $60 IN 2 MONTHS, $75/BBL BY YEAR END IF US DOES NOT CUT OIL IMPORTS

[15:21] {dino} ty guys and gl on it

[15:21] {Threei}  not sure it's a good idea cujo

[15:21] {Threei}  second restest is likely to lead to lower price

[15:21] {cujo} yeah out now

[15:21] {cujo} cxld

[15:22] {Threei}  quite amazing strength in the market today

[15:23] {Threei}  mostly NASDAQ

[15:30] {KSystems} ISIS out 1/4 +.14

[15:31] {KSystems} KBH out half +.18

[15:31] {Threei}  wow HIG

[15:31] {Threei}  Dow - 35

[15:31] {Threei}  recouped almost all losses

[15:31] {nemo} look at FAS

[15:32] {KSystems} MHP out 1/4 +.23

[15:33] {KSystems} FTR out half +.08

[15:33] {dino} wtg ks

[15:33] {KSystems} ty

[15:34] {KSystems} ISIS out rest +.10

[15:34] {magoo} HIG was star of day

[15:36] {KSystems} PEC out half +.18

[15:37] {Threei}  watch for bounce off .20

[15:38] {magoo} HIG?

[15:38] {Threei}  yes

[15:38] {dino} vsec out remainder .05, +.58

[15:39] {Threei}  target closer to .40

[15:39] {cujo} nice trade dino

[15:39] {dino} ty, trades are taking hours for me lately

[15:40] {Threei}  out .39

[15:40] {cujo} great Cal Vad

[15:40] {Threei}  caught it?

[15:40] {cujo} y

[15:40] {Threei}  :)

[15:40] {cujo}  :)

[15:40] {KSystems} FTR out rest +.10

[15:41] {Threei}  -15 DJI

[15:42] {Threei}  NQ 60 points up from the premarket low

[15:43] {Threei}  qwatch HIG for the last scalp, closer to .30 - .35

[15:44] {KSystems} MHP out rest +.31

[15:45] {Threei}  feel free to dump HIG here and relax

[15:45] {Threei}  +.12

[15:46] {Threei}  if really really want one more, watch for around .25-.27, and small bunce

[15:46] {Threei}  bounce

[15:46] {Threei}  I'll skip it

[15:47] {Threei}  I've had enought of HIG for one day

[15:48] {cujo} thanks caught all 3

[15:48] {Threei}  dump it here if you went for it

[15:49] {cujo} didn't you do this on Friday as well

[15:49] {Threei}  on FAS, not on HIG

[15:49] {cujo} 3 quick calls right before the close though...

[15:49] {Threei}  yup

[15:49] {dino} cedc

[15:49] {Threei}  CONFIRMS 2008 GUIDANCE, REVISES 2009 DUE TO FX IMPACT, SLEAS $2.85-3.05, R$1.65-1.8B V $, 2009 1.25-1.4 ($1-1.03B PRIOR)

[15:49] {magoo} it was 4

[15:49] {Threei}  that's CEDC dino

[15:50] {Threei}  well, opening and close are most active times

[15:50] {Threei}  so I am most active :)

[15:50] {cujo} :)

[15:50] {KSystems} BLL out all +.08

[15:51] {dino} ty, saw it

[15:52] {KSystems} PEC out rest +.09

[15:52] {dino} vad is known as an active senior

[15:52] {dino} and ks is off his ridilin (he won't relax)

[15:52] {KSystems} KBH out rest +.25

[15:52] {KSystems} FLAT

[15:53] {Threei}  lol dino

[15:54] {Threei}  looking through personal trades, some of which are quick type I scalps which I don't usually call... 14 trades on HIG, 12 wins, 2 stops

[15:54] {cujo} nice

[15:55] {cujo} we need a conference call number so you can just scream them out

[15:55] {magoo} nice vad

[15:55] {dino} gj vad

[15:55] {Threei}  overall, pretty happy with today;s performance

[15:55] {Threei}  what did we have one or two stosp?

[15:55] {Threei}  one on RIMM

[15:55] {Threei}  anything else I forgot?

[15:56] {hawkfan4} nice day

[15:56] {_buyemsellem} great day thanks vad

[15:57] {Threei}  :)

[15:57] {KSystems} calling it a day, thank you everybody!

[15:57] {larisa} see you tomorrow :)

[15:57] {Threei}  take care KS, larisa :)

[15:57] {nemo} buh bye

[15:57] {Threei}  okay guys, thank you all

[15:58] {Threei}  have a good evening

[15:58] {cujo} see ya all tomorrow morning. 

[15:58] {Threei}  see you tomorrow

[15:58] {hawkfan4} u2 vad, thx

[15:58] {nemo} thanks for the warning

[15:58] {Threei}  which warning?

[15:59] {nemo}  {&Threei}  have a good evening

[15:59] {nemo} [15:58] {&Threei}  see you tomorrow

[15:59] {Threei}  lol

[15:59] {hawkfan4} :)

[15:59] {KSystems} lol

[15:59] {Threei}  that's not a warning

[15:59] {Threei}  that's direct threat

[15:59] {nemo} touche

[15:59] {Threei}  look at HIG profit taking

[16:00] {Threei}  (AU) AUSTRALIA GOV'T TO UNVEIL SECOND STIMULUS PACKAGE ON TUESDAY - ABC RADIO

[16:01] {Threei}  DRYS ended on a miserable note

[16:01] {hawkfan4} sad stock

[16:02] {Threei}  GERN more or less held its own

[16:02] {Threei}  this one sits and waits for news

[16:05] {magoo} ty vad..nice job

[16:05] {hawkfan4} geesh, SNDK all over the place after earnings

[16:06] {Threei}  REPORTS Q4 -$1.65 V -$0.60E, R$864M V $767ME

[16:06] {Threei}  - Avg price per megabye sold -70% y/y, -28% q/q

Jan 30 2009

Finally a nice day. Started out with some scalps, couple stops, slightly positive but nothing earthshaking. Then FAS gave us a string of quick scalps making a day much nicer. Glad to finish otherwise tough week on a winning note.

Session Time: Fri Jan 30 00:00:00 2009

[07:49] {hawkfan4} morning

[07:49] {Threei}  good morning

[07:50] {hawkfan4} hey vad, are you able to log in to Laser this morning?  

[07:50] {Threei}  not yet

[07:50] {hawkfan4} ok, thanks, me either

[07:51] {Threei}  I guess quotes are disgusted with themselves

[07:51] {hawkfan4} as they should be :)

[07:51] {hawkfan4} brb

[08:07] {nemo} GM

[08:09] {Threei}  nemo :)

[08:09] {Threei}  JPM

[08:09] {Threei}  CEO JAMIE DIMON: WE WILL NOT SELL ASSETS TO "BAD BANK"

[08:09] {Threei}  - Mark to market accounting exaccerbated crisis but did not cause it

[08:11] {magoo} morn

[08:11] {Threei}  magoo :)

[08:13] {magoo} amzn holds so far

[08:14] {Threei}  BALTIC DRY BULK INDEX +3.3%

[08:19] {magoo} GERN ngapping vad

[08:19] {magoo} any read pre?

[08:19] {Threei}  not yet

[08:19] {magoo} could make its best move pre

[08:19] {magoo} with lower volume

[08:20] {Threei}  this animal is not easy to read even during market hours, lol

[08:22] {cujo} Happy Friday.

[08:23] {magoo} cujo

[08:23] {Threei}  cujo :)

[08:23] {magoo} vad, any news AA{L RIMM

[08:24] {Threei}  no, other than this:

[08:24] {Threei}  01/29/09 07:04pm [DELL] May seek to move into the mobile phone business as early as next month

[08:25] {magoo} ty

[08:26] {hawkfan4} morning all

[08:26] {Threei}  hawk :)

[08:26] {Threei}  no idea what's driving GERN this time

[08:27] {nemo} samething that drove oil:)

[08:30] {Threei}  *Q4 EMPLOYMENT COST INDEX: 0.5% V 0.7%E

[08:31] {nemo} what story just drove FAS?

[08:31] {Threei}  Q4 ADVANCED GDP ANNUALIZED: -3.8% V -5.5%E; PERSONAL CONSUMPTION: -3.5% -3.5%E

[08:37] {Threei}  maniak-depressive market

[08:37] {Threei}  from extreme depression to elation and back in minutes

[08:41] {nemo} larisa :)

[08:41] {larisa} good morning :)

[08:41] {Threei}  pre-emptive greeting, nemo?

[08:41] {Threei}  larisa :)

[08:41] {nemo} ESP

[08:41] {larisa} nemo, threei :)

[08:41] {Threei}  RIMM

[08:41] {Threei}  PRICE TARGET RAISED TO $85 FROM $62 AT BROADPOINT, MAINTAINS BUY RATING

[08:42] {nemo} so...sell?

[08:48] {Threei}  4.2 earthquake in Seattle

[08:49] {hawkfan4} yikes

[08:52] {Threei}  4.6

[08:52] {dino} gm

[08:53] {Threei}  dino :)

[08:53] {cosmo} http://earthquake.usgs.gov/eqcenter/recenteqsus/Maps/US2/47.49.-123.-121.php

[08:53] {Onix} Good morning all

[08:53] {dino} ks dcc please

[08:53] {Threei}  onix :)

[08:56] {Threei}  got e-mail from someone who reads our trading logs saying:

[08:56] {Threei}  in case you are wondering what is behind PALM move,

[08:56] {Threei}  it's about to become a subject of bidding war

[08:56] {Threei}  initiated by DELL seeking entry in smartphone market

[08:57] {Threei}  and continued by AAPL and RIMM trying to prevent DELL from getting hands on PALM's echnoogy

[08:57] {elepet} good morning

[08:57] {cujo} morning el

[08:57] {Threei}  elepet :)

[08:58] {hawkfan4} i heard PALM tries really hard to keep their echnoogy a secret

[08:58] {elepet} and PALM moving up again

[08:58] {Threei}  not that I put any faith into "insider secrets" disseminated by e-mail

[08:58] {nemo} very logical though

[08:59] {Threei}  or have enough industry knowledge to evaluate the probability

[09:00] {dino} dell did announce phone entry last night

[09:00] {Threei}  01/29/09 07:04pm

[09:00] {Threei}  [DELL] Dell Inc May seek to move into the mobile phone business as early as next month - WSJ

[09:00] {Threei}  - Company is said to have a team of engineers working on the phones for over a year, focusing on "smart-phone" models

[09:01] {nemo} No.  But if you look at Dell, it runs from back office to desktop to mobile computing, that's basically what a PALM is, mobile computing.  Apple is primarily desktop, and with the Iphone-mobile computing.  RIMM-mobile computing.  Dell is in both business and consumer.  Apple-primarily consumer, RIMM-primarily business

[09:01] {Threei}  doesn't sound like they are gunning for PALM

[09:11] {ese} god morning

[09:11] {Threei}  ese :)

[09:11] {dino} complex

[09:11] {ese} Vad ,patience Dp.......you guys feel the earthquake about 5:20 am heere?

[09:12] {Threei}  no... reports said 4.6 in seattle

[09:12] {magoo} vad..whats the setup AMZN today?

[09:13] {Threei}  what do you mean today

[09:14] {Threei}  it's not like there is one setup for the day :)

[09:14] {magoo} well..its gonna be a player

[09:14] {magoo} but it may pullbk..or at open may run

[09:14] {Threei}  yes... but I don't know how to answer your question :)

[09:14] {Threei}  it will shape up to something

[09:14] {magoo} are u moody AGAIN

[09:14] {Threei}  again?

[09:14] {Threei}  ALWAYS!

[09:14] {magoo} ok ALWAYS

[09:15] {Threei}  there

[09:15] {nemo} battle plans only survive until initial engagement

[09:15] {magoo} there we go thinking alike

[09:15] {Threei}  ese, you felt it?

[09:17] {dino} you guys are tense today....take a chill

[09:17] {ese} ya thats what got me up

[09:17] {Threei}  we are dino... earthquake, you know :)

[09:17] {Threei}  wow... how come I haven't heard anything

[09:18] {Threei}  it's not like we are that far from each other

[09:18] {ese} I hate earthquakes.....any other disaster OK but earthquakes..........

[09:18] {Threei}  you would think if quake felt at your part from as far as Seattle, I should have felt it too

[09:18] {ese} at least you can see other things and have a chance to react.....but not an earthquake......

[09:19] {Threei}  sooo... our candidates so far PLAM, GERN, FAS

[09:19] {ese} it just hits you.......not time to react......give me tornados over this

[09:19] {Threei}  AMZN a bit later I think

[09:19] {Threei}  gotta let it calm down a little

[09:20] {dino} you see on trhe moon where i live, no earthquakes, tornados, etc. just snow, ice, cold

[09:20] {ese} I'll take it!!!!!

[09:20] {Threei}  nah... I'll take earthquake over ice and snow

[09:21] {cosmo} i like snow

[09:21] {Threei}  that's because you see it once every 15 years

[09:21] {cosmo} 25

[09:21] {Threei}  I've had my share... won't miss it it for another 25 years

[09:21] {Threei}  and then I die

[09:21] {Threei}  happily

[09:21] {fernp} Hello everybody

[09:21] {Threei}  fern :)

[09:22] {ese} fern

[09:22] {ese} anyway......whats the focus for this morning

[09:22] {Threei}  PREVIEW: JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET

[09:22] {Threei}  **consensus expectation: 61.9e v 61.9 preliminary

[09:22] {Threei}  - analyst estimates range between 60 and 65

[09:23] {Threei}  PALM, GERN, FAS, RIMM, AMZN

[09:23] {Threei}  and whatever scanner spits out

[09:23] {nemo} If you play FAS doesn't that bring FAZ in also...why or why not?

[09:24] {nemo} I mean...Yin and Yang, if you're into that sort of thing :)

[09:24] {Threei}  FAZ is much more volatile, thin, much hardcer to control risk

[09:24] {Threei}  look how much it dropped vs FAS spike

[09:25] {Threei}  60 cents on FAS vs 4 bucks on FAZ

[09:26] {nemo} yes, although there chart's are mirror images (almost)?

[09:26] {Threei}  sure

[09:26] {Threei}  you can play it if you are into that sort of thing, using FAS for read

[09:26] {Threei}  as it has smoother charts and easier triggers and stop to define

[09:26] {nemo} yeah, I like pain

[09:27] {nemo} oh "their charts"  damn english

[09:27] {cosmo} JNPR

[09:28] {cosmo} 15.43 hod

[09:36] {Threei} Long Setup:  RIMM  .50 break half lot

[09:37] {Threei}  stop under .30

[09:39] {Threei}  1:1

[09:39] {KSystems} took scalp

[09:39] {KSystems} thank you

[09:39] {Threei}  welcome

[09:40] {Threei}  GERN nears 8.50 resistance on daily

[09:40] {cujo} thanks Vad

[09:40] {cujo} great call

[09:40] {Threei}  in its usual jerky manner

[09:41] {Threei}  pullback to about .30 would be safer way to try it

[09:41] {dptl} gm all

[09:41] {Threei}  but overall, starts shaoing up as a runner

[09:41] {Threei}  dp :)

[09:42] {magoo} ty rimm bosds

[09:42] {Threei}  welcome

[09:42] {Threei}  AMZN, mama mia

[09:42] {Threei}  8.50 wall of offers gives GERN a pause

[09:42] {Threei}  but it should bust through it

[09:43] {Threei}  here is pullback

[09:43] {Threei}  maybe this way:

[09:43] {Threei}  half lot near .30

[09:43] {Threei}  stop under .10

[09:44] {Threei}  and add half lot if breaks .50

[09:45] {Threei}  AN CHICAGO PURCHASING MANAGERS INDEX: 33.3 V 34.9E

[09:45] {dino} larisa you nailed cat breakdown

[09:46] {Threei}  she is off today, will be back on Mon

[09:46] {Threei}  ok, who got GERN, you have options

[09:46] {Threei}  scalp, hold for break and run or add on break

[09:48] {Threei}  bring down that wall GERN

[09:48] {nemo} Thank you Mr. Gorbachev

[09:48] {Threei}  not yet...

[09:48] {Threei}  but should soon

[09:49] {cosmo} no thanks UBSS

[09:49] {cosmo} so far

[09:49] {magoo} a reload .30 area vad?

[09:49] {Threei}  you sold?

[09:49] {magoo} scalp..i am what i am

[09:50] {Threei}  don't know mags

[09:50] {Threei}  hard to tell

[09:50] {magoo} mkts got me in dime mode this week

[09:50] {Threei}  it should be breaking now

[09:50] {Threei}  amgn

[09:55] {Threei}  JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 61.2 V 61.9E

[09:57] {magoo} p[rttyu good RIMM pllbk vad

[09:57] {magoo} Q pullsbk

[09:59] {magoo} lovely mkt 

[10:00] {nemo} yeah like poison ivy

[10:01] {hawkfan4} DRYS crushed again

[10:01] {fernp} cover FITB +.10

[10:02] {magoo} look at AAPL minute chart vad

[10:03] {magoo} 11 red bars

[10:04] {Threei}  not sure what you are trying to derive from that

[10:04] {ese} drys is a buy around that 5 bill mark though

[10:05] {magoo} ugliness

[10:07] {ese} market down days are less and less prolifick do ya mags...?

[10:07] {ese} do you think?

[10:08] {ese} seems to me anyway that we are getting to that point where there are less and less sellers....????

[10:09] {magoo} dunno ES..i kind o f think a retest of lows in feb

[10:09] {magoo} ugly

[10:10] {magoo} skeerry to us mere mortalls

[10:10] {nemo} mags, you lookin' in the mirror in the bathroom?

[10:10] {magoo} THAT DOES IT

[10:10] {nemo} Yeah, pick on the little guy!

06[10:11] * magoo slaps nemo around a bit with a large large heavy book of proper etiquet for newbies with fish smelling name

[10:11] {ese} i'm betting that around Jan 1 we had the right should pu in of a reverse head and shoulders pattern.....

[10:11] {ese} Jan 21....make that

[10:11] {nemo} right in the dorsal...thanks

[10:12] {elepet} palm dying?

[10:12] {Threei} Long Setup:  DRYS  .50 break ig stays above .40

[10:12] {dino} 1194 gap open

[10:13] {Threei}  just goes with market at this point elepet

[10:13] {dino} weekly lows fwiw, 8023, 1169, 827

[10:13] {ese} in 

[10:13] {magoo} in

[10:13] {ese} DRYS

[10:13] {KSystems} in

[10:14] {magoo} that pullbk no effect AMZN

[10:15] {magoo} Q bounce candidate somewhere..not yet

[10:15] {cujo} in

[10:15] {magoo} GERN dead i guess vad

[10:16] {Threei}  for nowe, yeah

[10:16] {dino} ok ndx filled

[10:16] {magoo} half out DRYS here?

[10:16] {magoo} LOL

[10:16] {magoo} scalpers joke

[10:17] {magoo} 60 magnate AMZN..NOT IN

[10:17] {Threei}  market finds no footing

[10:19] {nemo} I'll take one for the team..heading to the powder room

[10:20] {Threei}  magoo's restroom indicator becomes popular

[10:21] {ese} funny mags ....real funny........

[10:21] {magoo} l Q here .40

[10:23] {nemo} no worky

[10:23] {magoo} it is working

[10:23] {magoo} go again

[10:23] {hawkfan4} lol

[10:24] {Threei}  EIA: US NOV OIL DEMAND (REVISED) -7.7% Y/Y

[10:24] {Threei}  Nov?

[10:24] {Threei}  who cares?

[10:25] {ese} have dinos gut feeling from yesterday today........it's gonna be an up day by the end of it...i think the pressure is that way

[10:25] {patience} end of the month selling today

[10:25] {ese} OK mags i'm out half here for .01 profit

[10:26] {ese} just kidding....!!!!!

[10:29] {Threei}  another sharp drop Qs

[10:29] {nemo} good nite Irene...

[10:29] {dino}  feeling the same es. waiting for "bottom"

[10:30] {dino} watching mcd, cat, vsec, deck

[10:30] {nemo} fas closed opeing gap

[10:30] {Threei}  RU) RUSSIA HAS REPORTEDLY SPENT APPROX $4B IN SUPPORT OF ROUBLE IN CURRENT WEEK

[10:31] {ese} the rouble is rubble.......

[10:31] {Threei}  FED BUYING AGENCY DEBT OUTRIGHT; SEEKS DEALER BIDS BY 11AMET

[10:32] {ese} drys....stopped .-11

[10:32] {fernp} stopped DRYS

[10:32] {fernp} cover RF +.10

[10:32] {magoo} stop Q

[10:33] {Threei}  look at AMZN

[10:33] {Threei}  quite remarkable

[10:34] {magoo} if mkt went green it would hit 75 lol

[10:36] {fernp} cover BAC +.21

[10:37] {KSystems} hl l OII .24 stop .88

[10:39] {hawkfan4} CECO .92, stop under .70

[10:39] {magoo} any read GS hawk/

[10:39] {magoo} ?

[10:40] {hawkfan4} not yet, scalped it a bunch, feels stronger today

[10:40] {hawkfan4} but i was way off on it yesterday

[10:40] {magoo} let me knpow

[10:40] {hawkfan4} will do

[10:42] {KSystems} hl l FULT .41 stop .28

[10:44] {dino} mcd sm l .45

[10:44] {hawkfan4} 83 should get it moving mags, like it if market moves

[10:45] {hawkfan4} in .88

[10:47] {magoo} ty

[10:49] {ese} """YOU"""" are not permitted...........to funny that thing

[10:49] {Threei}  just move it to Tatus window ese

[10:49] {Threei}  Status

[10:49] {Threei}  AMZN wants to continue higher

[10:49] {Threei}  however strange it it may look

[10:50] {Threei}  FAS

[10:51] {Threei}  this pullback into .50 looks like entry point

[10:52] {nemo} stop under .35

[10:52] {cujo} in .52

[10:54] {hawkfan4} CECO stop to .84, not thrilled with it

[10:55] {Threei}  feel free to take profit FAS

[10:55] {cujo} out thanks vad

[10:56] {magoo} nice one vader

[10:56] {Threei}  AMZN... another shallow pullback and then break of .50...

[10:57] {Threei}  wanna try small shares?

[10:58] {hawkfan4} out GS .30

[11:01] {hawkfan4} too soon

[11:03] {magoo} in amzn

[11:03] {magoo} waiting .84

[11:03] {magoo} take .60

[11:04] {magoo} kickin it

[11:10] {ese} double bottom in the Q's dino.....up we go ?

[11:11] {dino}  y

[11:12] {KSystems} s sm AMP .99 stop .26

[11:13] {hawkfan4} stopped ceco -.08

[11:14] {dino} good stop

[11:14] {hawkfan4} thx dino ;)

[11:16] {KSystems} s hl BMRN .31 stop .51

[11:23] {Threei}  wow DRYS

[11:23] {Threei}  bottomless

[11:24] {hawkfan4} fugly

[11:25] {nemo} you in the bathroom too Hawk?

[11:25] {hawkfan4} lol :)

[11:25] {dino} under weekly lows

[11:25] {Threei} Short Setup: KLAC  .40 break if stays below .55

[11:26] {dino} 7909,1136, 804 line in sand imo

[11:26] {Threei}  (EU) EU'S JUNCKER: ECB HAS THE SCOPE IT NEEDS TO CUT RATES, EUROPEAN INFLATION HAS DROPPED SHARPLY

[11:26] {Threei}  - ECB should worry less about price stability.

[11:26] {Threei}  - Understands the debate over taking rates close to zero.

[11:26] {Threei}  - Suspects that banks are manifesting a "total aversion" to risk.

[11:26] {Threei}  - G7 will discuss financial market regulation

[11:36] {hawkfan4} GS .32 stop .18

[11:38] {hawkfan4} GERN kinda forming a little bottoming triangle over .77 

[11:38] {dino} this pork fake stimulus plan is being figured out by market players. they do not like it

[11:38] {Threei}  "buy american" too dino

[11:39] {Threei}  recipe for Great Depression, take II

[11:40] {magoo} out .75 TY hawk

[11:40] {hawkfan4} :) cool beans

[11:40] {Threei}  good job guys

[11:41] {magoo} nice read..never negativew

[11:41] {hawkfan4} out .73

[11:41] {KSystems} OII out half +.36

[11:41] {magoo} on hawks part

[11:41] {dino} gj

[11:41] {hawkfan4} thx

[11:41] {Threei}  I jusy saw on TV: Zimbabwe in crisis

[11:42] {_buyemsellem} don't worry they have the trillion dollar note now

[11:42] {Threei}  ty... I feel better

[11:42] {Threei}  started actually worrying for a min

[11:42] {Threei}  MORGAN STANLEY CALLS 3 YEAR US, UK, AND EUROPEAN NOTES 'ATTRACTIVE'

[11:42] {hawkfan4} in GERN , stop .66

[11:47] {dptl} .

[11:48] {Threei}  V

[11:48] {Threei}  second day of indecent strength

[11:52] {dptl} .

[11:52] {dptl} test

[11:52] {Threei}  pro-labor executive orders are coming, per CNN

[11:54] {hawkfan4} watching GS pullback around .55-.60 mags

[11:54] {magoo} k

[11:54] {hawkfan4} in .63, stop under .50

[11:54] {magoo} would like pullbk 

[11:54] {Threei}  KLAC almost 1:1

[11:55] {Threei}  KLAC 1:1 without almost

[11:56] {Threei}  US TREASURY 'S GEITHNER AGREED WITH UK'S DARLING THAT INTERNATIONAL ACTION WA REQUIRED FOR GROWTH; WILL REPORTEDLY MEET TODAY WITH FDIC'S BAIR AND THE FED'S BERNANKE OVER REFORM IN FINANCIAL INDUSTRY

[11:56] {Threei}  - Geither to attend G7 meetings in Italy on Feb 13 and 14

[11:57] {Threei}  UK'S DARLING - sounds so funny

[11:59] {Threei}  anyone holding part of KLAC?

[11:59] {Threei}  or took scalps?

[11:59] {dptl} me

[11:59] {Threei}  ok... stop is trailed of course

[12:00] {dptl} yep

[12:00] {Threei}  and it does look like more weakness is coming

[12:00] {Threei}  wouldn't even try to bounce woth market last time

[12:01] {Threei}  interesting stock just popped up on a scanner

[12:01] {Threei}  unusual for me, too

[12:01] {Threei}  ATHX

[12:03] {dawg} KLAC breaking down again still in

[12:03] {Threei}  here goes KLAC

[12:03] {dawg} alright!

[12:04] {KSystems} AMP out half +.28

[12:04] {Threei}  1:2 is within spit distance

[12:04] {dawg} yessir

[12:04] {dptl} bidding 20

[12:04] {hawkfan4} good call mags, stopped -.13

[12:04] {Threei}  KS puts out irritatingly strong performance for the second day in a row

[12:05] {dino} ks is in the zone (don't mess w/it

[12:05] {KSystems} OII out rest at be

[12:05] {Threei}  I never mess with the guy who has on/off server switch within arm length

[12:06] {Threei}  SENATE REPUBLICANS REPORTEDLY EXPLORING ALTERNATIVE STIMULUS PLAN THAT COULD INCLUDE A PAYROLL TAX CUT

[12:06] {Threei}  - Note: The House vote 2 days ago on the stimulus package passed, yet with no votes by Republicans

[12:07] {Threei}  btw, KLAC stop should be trailed further here

[12:08] {Threei}  to above .30

[12:10] {dawg} OK

[12:11] {Threei}  something just propped the market

[12:11] {Threei}  don't see any news

[12:11] {KSystems} FULT stopped -.13

[12:11] {dawg} luck got out at .13 thank you sir

[12:11] {Threei}  even DRYS is erecovering

[12:11] {Threei}  good job dawg

[12:11] {dawg} ).

[12:15] {Threei}  s far so good

[12:16] {Threei}  not a stellar day by any means but more or less decent, even though not very active

[12:16] {Threei}  I just don't want to push too much, this week was fairlty cold one

[12:17] {Threei}  so, plan at this point is to trade at reasonably low level of activity until performance picks up again,

[12:17] {Threei}  then increase activity

[12:17] {Threei}  sounds good?

[12:17] {hawkfan4} yessir

[12:18] {Threei}  too bad DRYS and FAS got away

[12:18] {Threei}  but that was kind of suckers game at guessing the bottom

[12:18] {dino} lstr

[12:20] {Threei}  good afternoon vinthhombre, welcome

Session Close: Fri Jan 30 12:21:23 2009

Session Start: Fri Jan 30 12:21:23 2009

Session Ident: #discussions

02[12:21] * Disconnected

02[12:23] * Attempting to rejoin channel #discussions

03[12:23] * Rejoined channel #discussions

[12:25] {KSystems} BMRN stopped -.13

[12:27] {Threei}  good afternoon vinthhombre, welcome

[12:28] {_vinthombre} Good afternnon, thanks

[12:28] {Threei}  about that ATHX

[12:29] {Threei}  I don't have clear recipe how to play this kind of stock

[12:29] {Threei}  it's too weird for me

[12:29] {nemo} I'll leave that alone

[12:29] {Threei}  at your discretion guys, who sees play - fine

[12:29] {Threei}  from the way it trades, it's probably not a day trade

[12:43] {Threei}  58 is closest chart support for AMZN

[12:43] {Threei}  it's likely to break it iof tested though, I wouldn't jump in it for bounce just yet

[12:43] {Threei}  rather let it break and look for bounce from under 58

[12:49] {dino} real$ is cracking me up. all the writers wanted obama and dems in the election. now, since they see what garbage they are pushing in the 800 b bill, they are all complaining about same old same old. so much for "change"

[12:49] {nemo} Anyway to play break of resistance on FAS?

[12:50] {Threei}  nemo, it's a valid play but I would prefger to play it conservatively

[12:50] {Threei}  wait for pullback

[12:50] {Threei}  if none comes, you miss the play, big deal

[12:50] {Threei}  but nothing went up without a few shakeouts this week

[12:50] {nemo} Mrs. Lincoln again...bet she wishes they missed the play :)

[12:50] {Threei}  lol

[12:52] {Threei}  9.75 - 9.80 zone is closest support

[12:52] {Threei}  if you tried 9.90 break, you would be in doubt at this point

[12:53] {Threei}  entry closer to .80 gives you beter stop and more comfort

[12:53] {nemo} mighta' just got euphoria spike

[12:55] {Threei}  (RU) RUSSIAN CENTRAL BANK RAISES RATES ON REPO LOANS BY 1%, IN AN EFFORT TO CONTROL INFLATION AND STABILIZE THE EXCHANGE RATE

[12:55] {KSystems} s EAT .91 stop .01

[12:55] {nemo} amazon right now looks like my eeg

[12:56] {nemo} flat

[12:57] {dino} aapl sm l .90

[12:57] {Threei}  your GERN is working nicely hawk

[12:57] {hawkfan4} very

[12:58] {Threei}  there you go nemo... .81 - 82 entry works like charm

[12:58] {dino} they have an inflation problem w/oil's drop?

[12:58] {Threei}  you are already over 1:1

[12:59] {Threei}  compare it with .90 entry... enduring 10 cents pullback and being uo now just 3-5 cents

[12:59] {nemo} yeah...too much gray hair already

[13:00] {Threei}  this kind of entries is the way to go in this market

[13:00] {Threei}  way safer, easier on nerves and more profitable

[13:00] {Threei}  out +.16

[13:00] {Threei}  anyone went for it?

[13:00] {nemo} yeah, trends are 5 minutes...about my attention span

[13:00] {magoo} break up trigg AMZN vad?

[13:00] {Threei}  yup, mine is one of a moth too

[13:01] {hawkfan4} yeah, i much prefer early entries.  can always add if it starts working

[13:01] {nemo} that's insulting the moth

[13:01] {Threei}  can't tell mags

[13:01] {dino} trends? are there any that last more than minutes?

[13:01] {KSystems} AMP rest out b/e

[13:01] {Threei}  dino, their inflation is of different nature

[13:02] {Threei}  rouble drops like crazy vs USD

[13:02] {nemo} just like old times

[13:02] {dino} ahhhh, makes sense or cents

[13:03] {Threei}  deflation of commodities leads to currency inflation in commodity-based country

[13:03] {Threei}  (in a perverse way)

[13:04] {nemo} value of GDP based on commodities, therefore currency follows suit

[13:05] {KSystems} EAT stopped -.11

[13:06] {Threei}  US SENATORS HAVE PROPOSED BILL TO LIMIT EXECUTIVE PAY FOR COMPANIES WHO RECEIVED GOVT BAILOUT FUNDS

[13:06] {Threei}  how come that wasn't a string attached to orginal TARP?

[13:06] {nemo} Paulson?

[13:07] {Threei}  ok... what the heck happened?

[13:07] {Threei}  no news to warrant this

[13:08] {nemo} progras programmed to trade to pivot points on neutral days?

[13:09] {elepet} Remember PAL? I just bought some because it's cheap and I had to buy something. market is too insane.

[13:10] {elepet} and it went up after i bought it.

[13:10] {Threei}  questionable reason for entry, elepet...

[13:10] {elepet} I know. but not much to lose. LOL

[13:10] {nemo} He's having flashbacks to the tech bubble...or maybe a previous life during the tulip craze.

[13:11] {KSystems} s hl AYE .79 stop .01

[13:11] {Threei}  watch FAS pullback

[13:11] {Threei}  long entry from under 10

[13:11] {dino} aapl stop to .45

[13:12] {dino} mcd stop to .85 - all dayer

[13:14] {nemo} fas didn't come to me...like my old dog...bitch

[13:14] {dino} aapl to .55

[13:15] {dino} out aapl .55, +.65

[13:15] {Threei}  wtg

[13:15] {cujo} nice dino

[13:15] {hawkfan4} nice 

[13:16] {dino} ty, sitting around all day...tough to do

[13:16] {Threei}  calling stocks names helps nemo

[13:16] {nemo} I didn't know that?

[13:16] {KSystems} s hl SYKE .08 stop .31

[13:17] {dino} mcd stopped .85, +.40

[13:17] {Threei}  FAS arrived

[13:17] {cujo} in

[13:17] {Threei}  stop under .85.85

[13:18] {Threei}  seeing double

[13:18] {nemo} huh?

[13:18] {magoo} in

[13:20] {Threei}  there you go... patient waiting for the market to come to you works once again

[13:21] {KSystems} s MRX .13 stp .21

[13:22] {Threei}  since it hit over 1:1 for .92 entry, I'd trail stop to under .90

[13:22] {magoo} hawk GS read?

[13:22] {Threei}  {hawk} G and S

[13:22] {hawkfan4} kinda psycho right now, not sure

[13:23] {magoo} i hit long ,68\

[13:23] {Threei}  no need to call me names hawk

[13:23] {hawkfan4} lol :) we're all a little crazy

[13:23] {nemo} Can you imagine if we were all in a room together...not pretty

[13:23] {Threei}  well, I actually took offense at "right now"

[13:24] {Threei}  as if there are times when I am not

[13:24] {nemo} you're bi-polar

[13:25] {Threei}  don't take FAS here this time

[13:25] {Threei}  goes lower most likely

[13:27] {magoo} stopped

[13:27] {KSystems} AYE out half +.21

[13:28] {nemo} FAS!!!

[13:28] {Threei}  told ya

[13:28] {Threei}  no touchie

[13:28] {nemo} no feelie

[13:28] {Threei}  :)

[13:29] {Threei}  tell me this market is not bipolar

[13:29] {hawkfan4} really is

[13:29] {nemo} O.K.  the market isn't bipolar

[13:29] {Threei}  spike out of nowhere, then sharp drop out of that same place

[13:30] {dino} scalpers market only

[13:31] {Threei}  totally

[13:31] {Threei}  look at GS

[13:31] {KSystems} MRX out half +.08

[13:31] {nemo} bounce at 81.6

[13:31] {hawkfan4} oh yeah, mags, down :)

[13:31] {Threei}  CNBC'S GASPARINO: ACCORDING TO SOURCES, GOVERNMENT 'BAD BANK' IDEA MAY HAVE HIT A SNAG; THE IDEA IS "ON HOLD"

[13:32] {Threei}  now we know for sure, market wants bad bank

[13:32] {hawkfan4} guess he kept his job after dropping the f-bomb yesterday

[13:32] {nemo} Did he say F***** Bad Bank today

[13:32] {nemo} hawk

[13:32] {Threei}  that's third confirmation, can't be coincidence

[13:33] {hawkfan4} dunno nemo

[13:34] {Threei}  the second they say bad bank goes ahead, I just hope we have a fraction of second to buy all FAS we can afford

[13:35] {nemo} Thank god for margin...but they'll do it over the weekend

[13:35] {Threei}  then we will be left in the dust

[13:36] {Threei}  but if we get so lucky, make sure you took out second, third and fourth mortgae, sold family posessions, wife and kids, and bought all FAS you could

[13:36] {nemo} Bad bank will have all the banks in accumulation mode.  Willain's stuff...

[13:37] {KSystems} SYKE half out +.23

[13:37] {nemo} Reminds me of joke.  "My wife said, "You either stop hunting, or I'm leaving."..................."I'm gonna' miss my wife."

[13:38] {nemo} That croaked the small cap triple also

[13:38] {Threei}  mine jujst read these lines, musingly asked where the buy button is, where to type FAS, and went to phone someone asking whether she could sell me to them

[13:38] {nemo} hehehehe

[13:39] {Threei}  drop is not done yet

[13:39] {dino} i guess i am an idiot, but fdic insures banks, they should be pre=packing bankruptcies and letting the strong pick up the leftovers. i know alot of our local bank officers...they are going gangbusters picking up loans they never had shpts at before. let the system work

[13:40] {Threei}  you are coming from assumption that capitalism should have a chance dino... it's not assumption they operate on

[13:40] {dino} also, ford hasn't taken govt. $$$ but chrysler and gm have. its unfair, let them pre-package bankruptcy, ford picks up the slack. c'mon!

[13:40] {Threei}  whoa GS

[13:41] {dino} but you know what vad, capitalism has worked here for 220 years, one or two bad years should not alter the entire model

[13:41] {Threei}  moreso, it was not capitalism that failed

[13:41] {Threei}  it was injection of socialistic ideas in it

[13:42] {Threei}  but, who are you going to tell that? to socialists?

[13:42] {KSystems} AYE out 1/4 +.42

[13:42] {dino} yes! 

[13:42] {Threei}  KS, this is really irritating

[13:42] {KSystems} wooo-hoooo

[13:42] {dino} and ks, gfj again

[13:42] {Threei}  stop that

[13:42] {KSystems} thanks dino

[13:42] {Threei}  btw guys notice:

[13:42] {Threei}  financiaals drop like there is no tomorrow

[13:42] {Threei}  look at KLAC for instance

[13:43] {Threei}  RIMM

[13:43] {Threei}  nowehere that bad

[13:43] {dino} this is your market ks

[13:43] {Threei}  and some are actually holding nicely

[13:43] {Threei}  this is our clue to the future rally,

[13:43] {dino} but vad look at aapl and many others

[13:43] {Threei}  most likely led by other sectors, not finjancials

[13:44] {Threei}  AAPL barely came to prvious low

[13:44] {Threei}  look at GS

[13:44] {Threei}  buck and half below previous low before first bounce attempt

[13:45] {dino} still dropped hard imo

[13:45] {Threei}  ok, let' watch FAS for pullback and double bottom

[13:45] {Threei}  sure... I am talking about relative strength

[13:48] {Threei}  pullback under .20 was too fast and shallow to get in

[13:49] {Threei}  I was waiting for something close to .10

[13:55] {Threei}  jeez

[13:55] {Threei}  I started typing FAS at .21

[13:56] {Threei}  and it was above .30 before I could finish

[13:56] {Threei}  what the

[13:56] {Threei}  who said what where this time?

[13:57] {cujo} fas makin moves

[13:57] {hawkfan4} nutty

[13:57] {Threei}  moves?

[13:57] {Threei}  leaps of crazy anthelope

[13:57] {KSystems} drunken kangaroo?

[13:58] {Threei}  who got turpentine injection in the butt

[14:02] {Threei}  WHITE HOUSE SPOKESPERSON: PRESIDENT OBAMA WILL DO WHAT IS NECESSARY TO PASS A STIMULUS PACKAGE

[14:02] {Threei}  dissolve senate

[14:02] {Threei}  issue decree

[14:02] {Threei}  done

[14:03] {magoo} form new socialist party

[14:03] {Threei}  we are so close to USSR model, why not just go ahead and make it official

[14:10] {cosmo} how's 'silicone curtain'?

[14:11] {KSystems} s sm PKX .10 stop .51

[14:14] {KSystems} i have never even heard about those companies...

[14:18] {Threei}  KS... saw those prints that took .10 out?

[14:18] {KSystems} no

[14:18] {Threei}  a minute ago?

[14:19] {KSystems} nah, didnt watch it

[14:19] {Threei}  anyway... you are welcome

[14:19] {KSystems} i put my strategy in, not touching it anymore

[14:19] {KSystems} lol

[14:19] {KSystems} need some market help to the downside

[14:20] {Threei}  market is not much about help this week, any direction

[14:21] {cosmo} its coiling?

06[14:23] * Threei pokes PKX with sharp stick

[14:26] {Threei}  hmmm... I am afraid that was wrong side

[14:26] {Threei}  sorry ks

[14:27] {KSystems} AYE out rest +.27

[14:27] {KSystems} MRX out rest -0.01

[14:28] {KSystems} PKX stopped -.55

[14:28] {Threei}  another crazy jump FAS

[14:31] {KSystems} l hl EQY .87 stop .64

[14:40] {KSystems} s sm SAFM .74 stop .01

[14:46] {Threei}  WHITE HOUSE PRESS SECRETARY: REVIEWING 'BUY AMERICAN' PART OF STIMULUS BILL; RECONSIDERING A FOREIGN STEEL BAN IN THE BILL - SUMMARY OF COMMENTS

[14:46] {Threei}  Canada is up in arms about that

[14:48] {dino} protectionism is not the answer

[14:50] {Threei}  it is - if you look for way to trurn recession into depression

[14:52] {nemo} feels like market is just going to fizzle to the close...then again...wouln't be the first time I was wrong today.

[14:52] {Threei}  really?

[14:52] {Threei}  hmmm

[14:52] {Threei}  I for one am never wrong

[14:52] {Threei}  I am early

[14:53] {Threei}  or fashinably late

[14:53] {nemo} look at volume...

[14:54] {KSystems} EQY stopped -.25

[14:56] {dino} so, let me see, the plan is to 1) keep insolvent companies alive 2) keep their current (mis)management 3) add protectionism 4) give unions more power 5) increase welfare payments 6) tax the income earners even more

[14:57] {dino} sounds more like a kingdom than a country

[14:57] {Threei}  7) limit trade with other countries

[14:57] {dino} "change is coming" just forgot to mention towards socialism

[14:58] {magoo} I THOUGHT THIS WAS A TRADING ROOM

[14:58] {Threei}  then again... e new it from the campaign, didn't we

[14:58] {Threei}  magoo, don't yell

[14:58] {dino} my apologies magoo, just not seeing any trades

[14:58] {Threei}  you almost rendered me deaf

[14:59] {magoo} you guys do this EVERY OTHER DAY

[14:59] {Threei}  'cause we enjoy our jaundicity

[15:00] {dino} saves me $

[15:00] {Threei}  if you see any worthy trade, feel free to share

[15:00] {dino} feels like yesterday so far, big down may be coming

[15:03] {dino} aapl sm l .90

[15:04] {dino} stop is .57

[15:05] {Threei}  FAS is about to dive under .20

[15:06] {Threei}  looking for entry

[15:06] {Threei}  ideally around .10

[15:08] {Threei}  didn't give a chance

[15:12] {KSystems} SAFM stopped -.51

[15:19] {nemo} geez

[15:20] {dino} stopped aapl -.33

[15:20] {nemo} feel like any plays now might be  sucker's bet

[15:20] {Threei}  (CA) CANADIAN FIN MIN: CANADA DOES NOT NEED A "BAD BANK" TO ABSORB ASSETS

[15:21] {dino} -5% since wed. all 3 averages

[15:21] {_vinthombre} FAS entry?

[15:22] {Threei}  one more leg down

[15:22] {Threei}  closer to 9

[15:22] {magoo} AMZN long  vad?

[15:23] {Threei}  crossback over 58 mags

[15:23] {magoo} if mkt bounces

[15:23] {Threei}  if holding above .85

[15:24] {magoo} unreal; strenght it has

[15:24] {dino} i should've stayed w/my gut feel

[15:24] {dino} [15:00] {dino} feels like yesterday so far, big down may be coming

[15:25] {Threei}  FAS almost ready

[15:25] {Threei}  in .96

[15:25] {Threei}  astop under .90

[15:26] {Threei}  half out .07

[15:26] {nemo} had orer at .91 damn

[15:26] {cujo} thanks Vad.  

[15:26] {Threei}  :)

[15:27] {Threei}  stop .99

[15:27] {Threei}  should have take .14

[15:28] {Threei}  out

[15:28] {Threei}  oversat a little

[15:29] {Threei}  closer to .80 this time

[15:32] {Threei}  in

[15:33] {Threei}  stop under .75

[15:33] {Threei}  keeping it very tight

[15:36] {Threei}  stop to under .80

[15:36] {Threei}  hard to tell, wanted over .90

[15:36] {Threei}  maybe should have just grabbed 10 cents scalp

[15:37] {Threei}  out flat

[15:37] {jmb} thanks vad - took 10 cent scalp

[15:37] {Threei}  like hot potatoe

[15:37] {cujo} same here

[15:37] {Threei}  jmb :)

[15:37] {cujo} thanks Vad

[15:39] {Threei}  okay, that was idiotic trade on my part

[15:39] {nemo} you were just early

[15:39] {Threei}  yes, forgot

[15:40] {Threei}  okay... feeling better

[15:41] {Threei}  took .88 - 9.01

[15:41] {Threei}  total feel of hot potato in hands

[15:41] {magoo} me to vad 9.02

[15:41] {Threei}  :)

[15:41] {Threei}  see? and you screamed at me as if I stole your beach towel

[15:41] {magoo} u think AMZN closes strong?

[15:42] {Threei}  when something comes around we wake up

[15:42] {Threei}  I don't know about AMZN... thing is hirribly overtraded today

[15:42] {Threei}  no way tyo tell who wants out more

[15:42] {Threei}  let's better do one last FAS

[15:43] {magoo} k

[15:43] {Threei}  .90 was it but we talked too much

[15:43] {Threei}  lol

[15:43] {magoo} :)

[15:45] {Threei}  ok... pullback to 9 or just under

[15:46] {KSystems} l hl BVN .91 stop .69

[15:46] {Threei}  in .92

[15:46] {magoo} 95

[15:46] {cujo} missed.  Darn.

[15:46] {Threei}  out

[15:46] {Threei}  9.07

[15:46] {magoo} out 08

[15:46] {cujo} nice

[15:47] {Threei}  I need a creme for those burns

[15:47] {Threei}  wow

[15:47] {Threei}  thing had even more in it

[15:47] {Threei}  didn't expect it at the end of the day

[15:47] {Threei}  but hey

[15:47] {Threei}  end of the day turned fun

[15:48] {cujo} was a goo dlittle run of scalps. 

[15:48] {Threei}  dino... when you walk by magoo, put an elbow in his ribcage on my and your own behalf... so he knows better next time than yell at us while we exercise our grumbliness

[15:49] {Threei}  too bad we have to limit ourselves to these tiny scalps

[15:49] {Threei}  but there is time for everything

[15:49] {magoo} tough week

[15:49] {Threei}  when market stops being this paranoid, our real plays will be back

[15:50] {Threei}  oh yeah, I am happy ti finish this week on such note

[15:51] {Threei}  3-4 quick scalps for 10-12 cents each

[15:51] {Threei}  that's your 400 bucks to finish the week right there

[15:52] {cujo} or 40 if your the FNG... (f'ing new guy) :)

[15:52] {Threei}  again... there is a time for everything

[15:52] {Threei}  training wheels...

[15:52] {Threei}  then you take them off

[15:53] {Threei}  and start getting real bruises :)

[15:53] {cujo} ha ha ha..  can't wait. 

[15:53] {Threei}  you have MPP

[15:53] {Threei}  go over last part

[15:53] {Threei}  Practical Trading

[15:53] {Threei}  procedure for increase shares

[15:53] {cujo} yup. 

[15:53] {Threei}  criteria when and how to do it

[15:53] {cujo} have right in front of me.  

[15:53] {Threei}  just follow it... you'll be fine

[15:54] {cujo} sounds like a plan. 

[15:54] {Threei}  how do you like videos btw?

[15:54] {cujo} the scalping one is good

[15:54] {cujo} only through disc 1 right now. 

[15:54] {Threei}  one?

[15:54] {cujo} disc 2 tonight

[15:54] {Threei}  there are desons of them :)

[15:54] {Threei}  dosens too

[15:55] {Threei}  okay... then you haven't gotten to real meat yet

[15:55] {cujo} not yet

[15:55] {cujo} soon.  what disc real meat at?

[15:55] {Threei}  like I remember

[15:55] {Threei}  2 and 3 :)

[15:55] {cujo} :)

[15:55] {cujo} funny, remember that room member i was asking you about a long time ago "burn"?

[15:56] {Threei}  yes

[15:56] {cujo} he is on the screen shot in the video 

[15:56] {cujo} when yo go over the chat room

[15:56] {Threei}  :)

[15:56] {Threei}  4th disk is actual seminar recording

[15:57] {Threei}  don't look at my image if you have troubles sleeping

[15:57] {cujo} that could be interesting.  Live Workshop?

[15:57] {cujo} ha ha ha

[15:57] {Threei}  yes

[15:57] {cujo} many more demons keeping me awake at night...

[15:57] {Threei}  main screen is slides that I had on the screen,

[15:58] {Threei}  and me in the corner

[15:58] {Threei}  talking, gesturing

[15:58] {Threei}  and generally spoiling the mood

[15:58] {cujo} he he

[15:58] {Threei}  okay guys

[15:58] {magoo} ty vad

[15:58] {Threei}  let's call it a day

[15:58] {nemo} gnite

[15:58] {cujo} have a good wknd all.  

[15:58] {dptl} have a good weekend all

[15:59] {hawkfan4} enjoy all

[15:59] {dawg} thanks vad and all

[15:59] {Threei}  glad to finish this week, honestly... first one in many months I had so much troubles with

[15:59] {Threei}  thank you all, have a good weekend

[15:59] {_vinthombre} thanks all

[15:59] {Threei}  take care wnthombre, see you on mondau

[15:59] {_vinthombre} sure,thx

[16:00] {fernp} tough week here. Have a relaxing weekend all

[16:00] {_vinthombre} i enjoyed being in chat rm today

Jan 29 2009

Many room members found quite a few nice plays; I was mostly sitting things out. Other than GERN nice run-up and something unusual happening with PALM, not much interesting.                                                                                                           

Session Time: Thu Jan 29 00:00:00 2009

[07:39] {hawkfan4} poor DRYS

[08:08] {nemo} mornin'

[08:08] {hawkfan4} morning nemo

[08:08] {Onix} Good morning early birds :)

[08:09] {hawkfan4} Onix :)

[08:09] {nemo} it's late on the east coast

[08:09] {Onix} 5 am over here

[08:09] {nemo} it's after lunch for ksystems

[08:09] {hawkfan4} where are you Onix?

[08:09] {KSystems} *burp*

[08:09] {KSystems} yeah, just finished

[08:09] {Onix} Vancouver, Canada

[08:09] {nemo} na ja...sei geduldig

[08:09] {hawkfan4} Ah, cool

[08:09] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:09] {nemo} und auch gnadig

[08:10] {hawkfan4} whew, was wondering about that

[08:10] {Threei}  :)

[08:10] {Onix} sounds likeAfrikaans nemo?

[08:10] {hawkfan4} scalped 8.85 to 9.19

[08:10] {nemo} nope...but related

[08:11] {Onix} dutch?

[08:14] {cosmo} i'll buy

[08:14] {nemo} Deutsch

[08:15] {nemo} well, my approximation of what I can remember, Ksystems is probably squirming in grammatical disgust

[08:20] {KSystems} by comparing german to africaans?

[08:20] {KSystems} no

[08:20] {KSystems} just ignoring you from now on ;)

[08:21] {KSystems} DRYS blood...

[08:21] {KSystems} news?

[08:22] {nemo} no meine Fahigkeit

[08:22] {hawkfan4} yes, 500 million$ offering of shares, + a downgrade this morning

[08:30] {Threei}  practically doubled shares

[08:31] {larisa} morning

[08:31] {nemo} that's what happens when banks aren't lending-inwestor dilution

[08:31] {Threei}  larisa :)

[08:31] {nemo} larisa :)

[08:31] {larisa} threei, nemo :)

[08:32] {Threei}  INITIAL JOBLESS CLAIMS: 588K V 575KE; CONTINUING CLAIMS: 4.776M V 4.620ME

[08:32] {Threei}  - Prior jobless claims revised from 589K to 585K

[08:32] {Threei}  - Prior continuing claims revised from 4.607M to 4.617M

[08:32] {Threei}  DEC DURABLE GOODS ORDERS: -2.6% V -2.0%E; DURABLES EX-TRANSPORTATION: -3.6% V -2.7%E

[08:32] {Threei}  - Prior Durables revised from -1.5 to -3.7%

[08:32] {Threei}  - Prior Durables Ex Transportation revised from +0.6% to -1.7%

[08:35] {larisa} DRYS is not nice, hope elepet sold 

[08:36] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:36] {larisa} good :)

[08:36] {cujo} g'morning

[08:36] {Threei}  cujo :)

[08:36] {nemo} You ought to try your other arm, Vad...

[08:36] {larisa} good morning cujo

[08:36] {cujo} morning larisa

[08:36] {nemo} dog...

[08:36] {cujo} nemo

[08:37] {Threei}  anyone here is a fan of Lost?

[08:37] {nemo} Hey Hawk...Bruins might actually make some serious noise this year...only been 20 years

[08:37] {nemo} No

[08:38] {hawkfan4} They are looking good.  i'm just glad the Hawks are finally starting to get it together.  It's been a long time since they've been even decent.

[08:39] {nemo} I can empathize

[08:39] {hawkfan4} i am Vad

[08:40] {KSystems} Yes Vad

[08:40] {KSystems} love it

[08:40] {Threei}  :)

[08:40] {Threei}  creators said befofe this season start, they are in answers mode now,

[08:40] {KSystems} but dont spoil me =) recent two seasons havent aired in germany

[08:41] {Threei}  yeaterday's episode, if anything, only adds questions, lol

[08:41] {Threei}  oh, wow

[08:41] {Threei}  that's a bummer

[08:41] {Threei}  IMO, last two are the best

[08:41] {ese} morning

[08:41] {Threei}  ese :)

[08:41] {hawkfan4} hey es

[08:42] {Threei}  they are on internet somewhere I believe KS

[08:42] {Threei}  ad before the episode had url

[08:44] {Threei}  http://abc.go.com/primetime/lost/index?pn=index

[08:45] {Threei}  oh, great

[08:45] {Threei}  only for USA veiwers

[08:46] {nemo} maybe a torrent site

[08:46] {Threei}  but that would be commerial-free

[08:48] {ese} hey hawk.....was down on the floor doing stretching exercises

[08:48] {i2romantis} morning everyone!

[08:49] {Threei}  i2r :)

[08:49] {cujo} morning i2r

[08:49] {hawkfan4} that actually sounds like a good idea es

[08:50] {Threei}  (RU) RUSSIA PM PUTIN REPORTEDLY SETS OIL EXPORT DUTY AT $100.90/TON

[08:50] {Threei}  great... now we have to convert ton to barrel

[08:51] {nemo} The Tsar is back....

[08:51] {nemo} that's like $25 a barrel

[08:52] {Threei}  with abundance of oil on the market, sounds like surefire way to render themselves irrelevant

[08:52] {nemo} or give others ideas

[08:53] {cosmo} why burn oil when you can burn bridges?

[08:53] {nemo} Only temporary cosmo

[08:54] {cosmo} yes... fires eventulaly die

[08:54] {Threei}  I saw Gore on TV yesterday... he told me we are at the tipping point

[08:54] {cosmo} eventually

[08:54] {cosmo} cheers then

[08:55] {Threei}  I expected the sentence to end with "... frm warming to cooling"

[08:55] {Onix} you spoke to Gore on TV Vad?

[08:55] {Threei}  well, they talk to me... sometimes I try to asnwer

[08:55] {Onix} :D

[08:55] {Threei}  but my answers are rarely suitable for women and children

[08:56] {nemo} Yeah, archeologists centuries from now will find him frozen in a glacier

[08:56] {Onix} :O

[08:56] {Threei}  and considering how rich Russian is in swearing department...

[08:58] {Onix} you don't have one of those rubber bricks you can throw at the tV?

[08:59] {Onix} it works better than throwing the remote ... trust me

[09:01] {Threei}  no, I don't go that far

[09:02] {Threei}  swearing at TV is relaxation tchnique to me

[09:03] {nemo} I was at a party once where the guy who owned the place got up and put a 1 wood right through the screen...relaxation I guess

[09:03] {nemo} nice swing actually

[09:04] {cujo} what was showing on the TV that made him that mad?

[09:04] {cujo} and by 1 wood, do you mean a Driver or a 1 iron?

[09:04] {hawkfan4} i'm guessing it was CNBC

[09:04] {cujo} ha ha ha

[09:05] {nemo} I was "rather drunk at the time" to quote a favorite Pom.  I don't remember 1 wood=driver, yes.  Sorry....OLD school.  Nah, twenty years ago.

[09:05] {cujo} ha ha ha.  that is funny.  

[09:06] {nemo} Yeah, good thing I was driving...could barely walk

[09:06] {dino} gm all

[09:07] {nemo} dino :)

[09:08] {dino} gm nemo

[09:09] {Threei}  dino :)

[09:09] {cujo} morning dino

[09:09] {cujo} you make the McDonalds run this morning?

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:10] {elepet} good morning all

[09:11] {nemo} little C&H on FAZ just broke

[09:11] {Threei}  good morning elepet, congratulations on timely DRYS exit

[09:11] {hawkfan4} no kidding, nice job

[09:11] {dino} no cujo, magoo's upset

[09:12] {cujo} :(

[09:13] {dino} sidetracked, daughters' at my office skipping school

[09:13] {cujo} ahh, bring your kids to work day.  

[09:13] {cujo} Dino jr.

[09:13] {ese} am still long DISH  .29 from yesterday....am gonna dump at open

[09:13] {dino} no, he got on the bus

[09:14] {Threei}  12.29?

[09:14] {elepet} thanks. i wasn't sure anyone saw that post. it really was sstrange. 6 minutes before close i sold half. 3 minutes later i had a panic call and sold the rest. not at the price i wanted but enough. whew.

[09:14] {ese} 13.29

[09:14] {cujo} great call el

[09:15] {Threei}  I saw elepet, was happy to see

[09:15] {ese} should have gotten rid of it at .45 to .50 but wasn't near my computor

[09:15] {ese} hanging defeats purpose of the trade ...was just a day trade

[09:16] {cujo} Vad, outside of usual suspects, anything you think we should keep a close eye on this AM?

[09:17] {Threei}  not at this point, I don't see anything trading in unusual enough way to warrant special attention

[09:17] {magoo} SIGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[09:17] {Threei}  sheesh... magoo, torture is forbidden now, haven't you heard

[09:17] {Threei}  so id self-torture

[09:17] {Threei}  in which you are engaged

[09:18] {dino} well; hell is repetition (storm of the century)

[09:19] {cujo} s qqqq .01

[09:19] {Threei}  as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:19] {ese} the only way that little message could be more annoying is if they put in capitols and highlighted the word "YOU" are not permitted etc etc

[09:19] {Threei}  lol

[09:20] {nemo} Or...they lifted your name and inserted that..

[09:20] {magoo} you are not coming up in floor today vad

[09:21] {Threei}  I am

[09:21] {Threei}  [09:19] {Alert} Threei as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:21] {Threei}  [09:19] {Alert} Threei lol

[09:21] {Threei}  [09:21] {Alert} Threei I am

[09:21] {Threei}  that's from floor

[09:22] {i2romantis} he is, as far as I can tell

[09:22] {i2romantis} maybe config on your end, mag

[09:22] {magoo} not in mine

[09:22] {i2romantis} odd

[09:23] {nemo} Yep...I get vad 5x5

[09:23] {KSystems}                                                                                                                                                                                                                                                                                                                                         whats happening magoo?

[09:23] {KSystems} oops

[09:23] {i2romantis} markets are also odd this morning, opening below the waist

[09:23] {nemo} that's where magoo thinks

[09:23] {nemo} a pimple on his a$$ is a brain tumor

[09:23] {nemo} had to...sorry

[09:25] {magoo} i need help K..but later ok?

[09:25] {KSystems} sure

[09:25] {magoo} vad type sdomethging

[09:26] {Threei}  sdomethging

[09:26] {hawkfan4} lol

[09:26] {cujo} he he he

[09:26] {nemo} type it vad...not copy/paste

[09:26] {Threei}  {magoo} i need help {--- I waited for this admission for years

[09:27] {magoo} ty..weird..fist time flloor been dead..its open ..just says im in that room which is diferent too

[09:27] {nemo} were you sitting down?

[09:27] {magoo} but wanna trade 

[09:27] {magoo} so later

[09:27] {Threei}  skipping first min utes guys, don't see anything trade-ready

[09:29] {i2romantis} my hunch is that DRYS is too low, we'll see

[09:29] {Threei}  could be i2r, it's just first reaction on such dump is violwent,

[09:30] {Threei}  risk is large, and this was not a very safe stock to begin with

[09:30] {i2romantis} true

[09:30] {dino} secondary $500m drys

[09:30] {Threei}  I would prefer very sharp selloff on it, one of those "out of anything remotely reminding sensible"

[09:31] {Threei}  those produce more readable scalps

[09:31] {dino} might be easier to play tbsi, nat

[09:31] {Threei}  or prolonged consolidation, digestion of selling pressujre, then break

[09:32] {Threei}  FAS nice jump

[09:32] {Threei}  watching if it pulls back again to form double bottom

[09:32] {dino} ndx gap 1194, 845, 8083

[09:33] {hawkfan4} nice heads up on DRYS vad, thx

[09:33] {hawkfan4} wow

[09:33] {Threei}  wild one

[09:34] {Threei}  drop to 9.20 will probably be wort a try

[09:34] {Threei}  and FAS to about 11

[09:35] {ese} L SYMC .60

[09:35] {ese} stop .50

[09:36] {ese} out dis by the way at .20 -.09

[09:36] {Threei}  DRYS

[09:36] {ese} DISH

[09:36] {dptl} gm all

[09:36] {Threei}  in .17

[09:36] {Threei}  stop under 9

[09:36] {Threei}  half lot

[09:38] {Threei}  stop to under .10

[09:39] {Threei}  out

[09:40] {ese} Symc stopped 

[09:40] {ese} .01 -.09

[09:41] {ese} thought that it had the moxy to go....

[09:41] {Threei}  wow POZN

[09:41] {i2romantis} DRYS is staying above water while the rest of the market is taking a dive

[09:41] {Threei}  06:06am [POZN] Informed by FDA That Endoscopic Gastric Ulcer incidence continues to be an acceptable primary endpoint

[09:42] {Threei}  yeah, I guess was worth holding a bit

[09:42] {ese} long SEPR .40

[09:42] {Threei}  anyway, if you are still in, start taking profit

[09:42] {ese} full lot

[09:43] {ese} out SEPR .60 +.20

[09:44] {Threei}  good one

[09:44] {Threei}  and qwuick

[09:44] {ese} like quick for sure

[09:45] {Threei}  FAS

[09:45] {cujo} c & h drys?

[09:46] {Threei}  coming into bounce zone

[09:46] {dino} sigi

[09:46] {Threei}  as close to 11 as possible

[09:46] {Threei}  to 11.10, sorry

[09:47] {Threei}  not really on DRYS, cujo

[09:47] {cujo} got it

[09:48] {dino} sqnm

[09:49] {ese} long STX .98

[09:49] {dino} cat hap fill

[09:50] {Threei}  FAS

[09:50] {KSystems} in .05

[09:50] {Threei}  in .05

[09:50] {magoo} .10 here

[09:50] {cujo} .05

[09:51] {Threei}  stop under 10.90

[09:52] {Threei}  come on, that's serious overstretch

[09:52] {Threei}  bounce already

[09:52] {Threei}  grrr

[09:52] {KSystems} stopped here

[09:52] {dino} watching cat, sigi, sqnm, t, mcd

[09:53] {larisa} APOL is only happy one thi smorning

[09:54] {nemo} Mags...go to the bathroom

[09:54] {hawkfan4} watching HIG

[09:54] {magoo} need another cup joe first

[09:55] {Threei}  16 break on HIG hawk?

[09:55] {hawkfan4} .05 for me

[09:55] {magoo} in HIG 16

[09:55] {cujo} got back into fas .83

[09:55] {cujo} out .93

[09:56] {Threei}  wtg

[09:56] {hawkfan4} drys holding nice too

[09:57] {ese} OK Vad need your guidance on STX     had 2 1/2 lots at .98   real quick stop .94 I'm up .02   any thoughts

[09:57] {ese} not had ...have

[09:58] {ese} looks up....

[09:58] {Threei}  no idea es... trades too slow to tell anything

[09:58] {hawkfan4} watching GS for dbl bottom too

[09:58] {ese} tks

[09:59] {nemo} Battle of Hastings moment for FAS

[10:00] {Threei}  DEC NEW HOME SALES: 331K V 397KE

[10:00] {cujo} thanks hawk, caught that bounce for + .10

[10:00] {cujo} GS

[10:00] {hawkfan4} nice :)

[10:00] {Threei}  (-14.7% M/M)

[10:00] {cujo} rimm fast selling

[10:01] {Threei}  HIG looks better now

[10:02] {Threei}  FAS is probably ready

[10:02] {fernp} cover HBAN +.10

[10:04] {ese} out STX .06 + .08 

[10:04] {dino} sm mcd l .50

[10:04] {ese} 2 1/2 lots couple a hyndred bills....nerve racking

[10:05] {KSystems} l FAS .57

[10:05] {ese} don't trade with size like that very often.....

[10:05] {KSystems} out FAS +.10

[10:05] {hawkfan4} in HIG

[10:06] {hawkfan4} stop under .80

[10:06] {dino} cat sm l .00

[10:06] {KSystems} took HIG from .01 to .10 thanks hawk

[10:07] {hawkfan4} np :)

[10:08] {cujo} Hawk in fuego

[10:08] {magoo} i was thinking .43 area exit HIG

[10:08] {hawkfan4} me too mags

[10:09] {magoo} lowest i saw was .88

[10:09] {dino} mstr

[10:10] {dino} axys

[10:11] {magoo} no mkt help hawk

[10:12] {ese} mstr long dino?

[10:12] {dino} no

[10:12] {dino} liking axys for bounce

[10:13] {ese} was looking at LRCX

[10:13] {ese} for bounce

[10:14] {dino} you remind me of bruce es

[10:14] {dino} compliment. he mad me $

[10:14] {ese} purquo?

[10:15] {ese} long LRCX 1/2 .24

[10:15] {dino} lrcx pretty good miss

[10:16] {dino} wynn good drop, coming into 5 day support

[10:16] {Threei}  COCO 52 weeks highs

[10:17] {ese} if QQQQ heads up i may stay with LRCX....but i might have missed the momentum

[10:18] {dino} trade the plan es

[10:19] {ese} ya...good point stop is at .10

[10:19] {Threei}  SQNM

[10:19] {Threei}  CEO: BELIEVES SELL OFF TODAY ATTRIBUTED TO REPORT OF A FALSE POSITIVE IN DATA RELEASED YESTERDAY - CNBC COMMENTS

[10:21] {dino} sort of like a preg scare

[10:21] {hawkfan4} definitely no lose on HIG now

[10:21] {dino} real$ saying same 3i

[10:21] {ese} stopped LRCX .07

[10:22] {ese} -.17 on 1/2

[10:22] {ese} auchhhhhh du myaa!!!

[10:23] {cujo} l MCD .44

[10:24] {ese} looks good on pullback cujo

[10:24] {ese} could be triple botom

[10:25] {magoo} long Q .85

[10:25] {magoo} .74 stop[

[10:25] {magoo} kickin HIG

[10:25] {magoo} taking too long

[10:26] {hawkfan4} GS 85.10 break should help

[10:26] {hawkfan4} nice

[10:26] {magoo} wow..nice kick

[10:26] {cujo} out mcd .50

[10:26] {Threei}  hig looks to me a better play as entries on those gut-wrenching pullbacks and sell into spikes

[10:27] {ese} good one cujo

[10:27] {cujo} thanks ese

[10:27] {magoo} id say it applies to all today vad

[10:27] {Threei}  yes mags, I mean as in multiple plays vs. hold

[10:28] {magoo} mkts a biut overbought here...4 days up...weak volume

[10:28] {magoo} bit

[10:28] {magoo} risk is  to downside

06[10:29] * dino slaps magoo around a bit with a large trout

[10:29] {Threei}  APOL and COCIO non-stop

[10:29] {magoo} what for ding dong?

[10:29] {Threei}  I wonder if CECO want to play catch-up

[10:29] {dino} exp week, gaps almost filled, -140 dji, short is risky imo

[10:30] {dino} probabilities

[10:30] {larisa} CHK no pullbacks too 

[10:30] {dino} wynn sm l .50

[10:31] {magoo} news APOL vader?

[10:31] {dino} n.gas -186 bcf

[10:31] {Threei}  no... general strength in education sector

[10:32] {magoo} ill go get some bananas to dangle over coco "the monkey" if u choose to enter

[10:33] {dino} cpla not following, watching it

[10:33] {ese} L SEPR .18 3/4

[10:34] {Threei}  here comes anohtre one of those HIG pullbacks

[10:34] {Threei}  quick .24 - .38 scalp

[10:35] {hawkfan4} 1/2 out .44

[10:35] {ese} out SEPR .36 +.18

[10:36] {dino} gj

[10:36] {ese} tks

[10:37] {cujo} Vad, missed the HIG, would you get back in on another pullback to .20s?

[10:37] {Threei}  can't tell in advance cujo

[10:37] {Threei}  it's kind of tick by tick read

[10:37] {KSystems} in current uptrend could be around .30 as well?

[10:37] {magoo} anyone take Q call? let it trade

[10:37] {magoo} should see 30

[10:37] {Threei}  right KS

[10:37] {cujo} ok

[10:39] {dino} larisa close +150ish

[10:40] {larisa} i like optimists :)

[10:40] {dino} next week i'll switch sides

[10:41] {hawkfan4} .40 stop for the rest of HIG

[10:41] {dino} cpla may try to catch up w/esi coco, apol on break of .00

[10:42] {Threei}  HIG is break-ready

[10:44] {KSystems} got +.10 on HIG thanks vad

[10:45] {Threei}  :)

[10:46] {KSystems} s hl LBTYA .74 stop @.96

[10:47] {dino} axys sm l .78

[10:47] {Threei}  sheesh... can you believe FAS?

[10:49] {Threei}  HIG

[10:49] {Threei}  watch pullback

[10:49] {Threei}  won't be possible to call on the go most likely,

[10:50] {Threei}  what you want to see is this instant teleportation 10-15 cents lower

[10:50] {Threei}  pause for entry, then quick ramp back up to dump into

[10:51] {Threei}  GS

[10:51] {Threei}  TO REPORTEDLY SELL 10 YEAR NOTE NOT BACKED BY FDIC - UNCONFIRMED REPORT

[10:51] {KSystems} s hl AFG .17 stop @.39

[10:52] {dino} apei joining ed stocks move

[10:54] {ese} L CENX .70 

[10:55] {dawg} thanks magoo got .30

[10:55] {dawg} Q's

[10:56] {magoo} nice dawg..welcoime

[10:56] {dawg} ).

[10:57] {hawkfan4} sold rest hig .53, getting sleepy staring at it

[10:57] {fernp} cover MWV +.12

[10:57] {dino} gj

[10:57] {magoo} out too .50 hawk

[10:58] {ese} indeed nice doughggg

[10:58] {hawkfan4} nice mags

[11:05] {dino} axys stopped -.38

[11:05] {Threei}  FED TO PURCHASE AGENCY DEBT TOMMOROW

[11:05] {Threei}  {FNM FRE}

[11:08] {Threei}  HIG is practically indifferent to market selling here

[11:12] {Threei}  aiming for 17

[11:15] {dptl} grabbed .75 to .95 hig

[11:15] {Threei}  :)

[11:16] {KSystems} s IYW .92 stop @.02

[11:17] {dino}  stuck in tight range

[11:17] {dino} markets that is

[11:18] {larisa} dino, took several CAT scalps .10 -.25. ranging nicely. you still in ?

[11:21] {dino} gj larisa, yes, feeling .60s

[11:22] {dino} nice base tho, you may have the better idea

[11:22] {dino} markets coiling, big move coming

[11:23] {nemo} yeah, but which way ino

[11:23] {larisa} too close to 52W low. I am watching for CAT to break down. pessimist here :)  

[11:23] {larisa} but want it to hit .60 first for you :)

[11:23] {dino} lol

[11:23] {Threei}  WFC

[11:23] {Threei}  HEARING VAGUE CHATTER CIRCULATING OVER POSSIBLE SPOT SECONDARY OFFERING

[11:23] {nemo} not you too Larisa

[11:24] {dino} if markets get a bid, it will to, otherwise.......

[11:24] {Threei}  HIG seems to be done for now

[11:24] {Threei}  scalps on bounces, but no more new highs for a while

[11:25] {Threei}  PALM, something started happening here

[11:26] {nemo} There's somethin' happenin' here...what it is ain't exactly clear...

[11:30] {nemo} FAS vad?

[11:30] {Threei}  one more leg down would be nice

[11:31] {nemo} volume hasn't capitulated?

[11:31] {ese} see you all in about 1 1/2 hrs

[11:31] {Threei}  it generally tends to go a bit more just when it seems to be ready to reverse

[11:32] {Threei}  take care ese

[11:36] {hawkfan4} PALM

[11:37] {Threei}  I don't see news

[11:37] {Threei}  but something was breweing

[11:37] {cujo} that is me covering my short

[11:37] {hawkfan4} me either.  got .96

[11:38] {cujo} :)

[11:38] {hawkfan4} and missed that spike, doh

[11:39] {Threei}  that was speed of light

[11:39] {Threei}  but continues climbing

[11:39] {hawkfan4} i move more at the speed of syrup

[11:40] {Threei}  US HOUSE SPEAKER PELOSI: LOOKS FORWARD TO ANY REVISIONS CONDUCTED BY SENATE ON FINANCIAL BILL PASSED YESTERDAY

[11:40] {KSystems} IYW out 1/2 +.01

[11:40] {KSystems} blah

[11:40] {KSystems} +.10

[11:41] {larisa} :)

[11:43] {Threei}  holding well

[11:43] {Threei}  .20 and then .30 break should sky-rocket it

[11:44] {Threei}  unless it's some kind of stupid rumor that gets denied quickly

[11:44] {magoo} what stok vad?

[11:44] {cujo} palm

[11:44] {magoo} ty

[11:45] {KSystems} AFG out half +.22

[11:45] {hawkfan4} yeah, torn on selling, sold .14, but want it back

[11:46] {Threei}  GEORGE SOROS: EURO MAY NOT SURVIVE WITHOUT GLOBAL PLANS TO DEAL WITH ECONOMIC CRISIS

[11:49] {Threei}  if not for this decreasing volume on daily, I would confidently say PALM is looking for 9

[11:49] {hawkfan4} back in .12 avg

[11:50] {dino} soro is short the euro obviously

[11:50] {nemo} Vad's short the euro

[11:51] {magoo} and nemo's just plain short 

[11:51] {nemo} stuck my chin out on that one

[11:51] {Threei}  I am pretty sure euro is in grave danger

[11:51] {dino} lol

[11:51] {Threei}  .20 is taken

[11:52] {dino} could be vad, of course the $ was too a few months ago. cycles imo

[11:52] {Threei}  well... euro has additional risks that $ doesn't

[11:52] {KSystems} in PALM

[11:52] {nemo} yeah...how many countries?

[11:52] {dino} yes, members may get out

[11:53] {Threei}  right... EU cohesion is a big risk factor

[11:53] {nemo} no, germany will want to get out...euro=deutschmark

[11:53] {nemo} stimmt herrn K?

[11:55] {magoo} restroom indicator still in force

[11:55] {dino} t getting interesting

[11:55] {magoo} represents UP

[11:56] {magoo} long MCD .35

[11:56] {Threei}  remember NURO mentioned around 1.30?

[11:57] {hawkfan4} GS cup/handle 85-85.10 break, extra risky

[11:57] {cujo} b MCD .36

[11:58] {magoo} half out here cujo LOL

[11:58] {cujo} ;)

[11:58] {dino} roflol

[11:58] {hawkfan4} vad, u in NURO?  Was looking at it yesterday, it's nonstop

[11:59] {Threei}  no... took at at .33 when mentioned but sold .5 something

[11:59] {Threei}  looks aiming for 2 at least now

[12:01] {KSystems} palm stop is {.10 ?

[12:01] {Threei}  I guess... it's hard to place stop on momo movers, technicals do not really apply... but gotta have it somewhere

[12:02] {KSystems} IYW out 1/4 more +.20

[12:02] {Threei}  nice

[12:02] {hawkfan4} yeah, mine's under 8, see what happens if it gets there

[12:02] {larisa} gj KS

[12:02] {cujo} stopped mcd

[12:02] {KSystems} thanks

[12:02] {hawkfan4} don't want to end up married to my palm ;})

[12:02] {KSystems} stopped PALM

[12:03] {Threei}  FAS is getting spmewhere now

[12:03] {hawkfan4} HIG big pullback

06[12:06] * KSystems is listening to Yes - Changes

[12:06] {KSystems} encountered it a few days ago, this is a big one

[12:06] {KSystems} before you pick on my age Vad, I knew it before, just FOUND it again

[12:06] {nemo} My God...I remember when the first came out!

[12:07] {nemo} Mood for a Day

[12:07] {elepet} PALM...is anyone in it now? i'm in at 8.00

[12:07] {Threei}  KS, that won't help you much... I am going to pick up on you anyway, simply because that's what I do

[12:07] {hawkfan4} i am elepet, 8.12, scalped it once already

[12:08] {KSystems} thats just my foolish optimism

[12:09] {dino} pearl jam here ks

[12:10] {magoo} this has got to be 1 of your hardest weeks vad

[12:10] {nemo} playing "Over the Hills and Far Away" here

[12:10] {Threei}  in quite a while, yes

[12:12] {hawkfan4} trying HIG .25, stop .19

[12:12] {dino} evenflow nemo

[12:13] {dino} but it's a 90s alt. rock station so changes

[12:13] {dino} sm t l .65

[12:13] {Threei}  should be good for above .40 if market doesn't die hawk

[12:15] {hawkfan4} thx, i'll take it. GS needs to stop dying b4 the market rallys imo

[12:17] {hawkfan4} stopped HIG

[12:17] {KSystems} sm l ALK .59 stop @.38

[12:21] {magoo} very confusing mkt here

[12:22] {magoo} thought crash coming....now seems like trying

[12:24] {nemo} ascending triangle on FAS?

[12:26] {dino} it's a winnie the poo market, very confusal

[12:30] {KSystems} ALK half out +.21

[12:37] {magoo} someone wake vad..mkt moving

[12:37] {Threei}  where?

[12:37] {magoo} Q rIMM GS MCD

06[12:37] * KSystems slaps Threei around a bit with a large tape

[12:38] {dino} gj ks

[12:38] {KSystems} ty dino

[12:38] {Threei}  FAS is honestly trying

[12:40] {Threei}  not very successfully though

[12:40] {Threei}  so... where is it market moving?

[12:41] {larisa} I like this guy who is selling his system on CNBC:) claiming he made 100+K a day trading live in NY in front of customers. Offering his system for free, just s&h :) Why does he even bother to sell anything, just make 100K a day and be happy.

[12:41] {KSystems} ALK out rest +.10

[12:41] {magoo} [12:40] {Threei}  so... where is it market moving?

[12:41] {magoo} false alarm...again sigh

[12:42] {magoo} go back to sleep..ill wake u if

[12:42] {Threei}  I can go back to sleep?

[12:42] {Threei}  cool

[12:42] {larisa} no, talk to us

[12:42] {Threei}  I just don't want to jump on each tick

[12:42] {Threei}  they all get faded both directions

[12:43] {dino} kid rock

[12:43] {KSystems} AFG out 1/4 more +.44

[12:44] {Threei}  KS is killing it

[12:44] {KSystems} should have done this way earlier probably...

[12:44] {dino} nice

[12:55] {Threei}  (US) SENATOR SCHUMER (D): EXPERTS SAY "BAD BANK" COULD COST $1-4T

[12:55] {KSystems} LBTYA out half +.22

[12:55] {Threei}  there you go

[12:55] {Threei}  whole rally was based on hope for that bad bank

[12:58] {fernp} cover QQQQ +.10

[12:58] {dino} dji gap filled

[13:02] {Threei}  siting it out

[13:03] {Threei}  no way to tell whether we get worhy bounce or just crash'

[13:09] {Threei}  PALM is more or less holding

[13:21] {Threei} Long Setup:  GG  .40

[13:21] {Threei}  if stays above .30

[13:31] {Threei}  V?

[13:32] {Threei}  what's with this dog?

[13:32] {KSystems} l NJR .83 stop @.68

[13:33] {Threei}  HOUSE REP WAXMAN: EXPECT TO INTRO NEW TOBACCO REGS WITHIN WEEKS

[13:33] {Threei}  welcome to big nanny state

[13:35] {dino} yes.

[13:35] {dino} worse, the gov't subsidizes the tobacco growers, then taxes the manufactiueres. makes alot of sense...not

[13:35] {dino} manufacturers

[13:37] {Threei}  we nationalize banks and failed businesses, decide what you smoke, what you eat, what you earn, whether you can possess a gun... I am right back to USSR

[13:37] {dino} gets worse every year

[13:37] {cujo} see ya all.  Going to call it a day. 

[13:37] {cujo} catch you in the morning

[13:38] {Threei}  take care cujo, I don't think you'll miss much, lol

[13:38] {cujo} :)  HOpe not. 

[13:38] {dino} cya

[13:38] {dino}  brb

[13:38] {magoo} bye cujo

[13:38] {KSystems} NJR stopped -.17

[13:46] {magoo} gun to head...UP

[13:47] {nemo} Mow!

[13:47] {magoo} u in MOW?

[13:48] {nemo} No, you said gun to head, made me think of the vietnamese guy in Deer Hunter

[13:51] {KSystems} LBTYA out 1/4 more +.44

[13:53] {Threei}  not good KS

[13:53] {KSystems} ???

[13:53] {Threei}  market suffers... you should suffer with it

[13:53] {KSystems} oh

[13:53] {nemo} duck KS

[13:54] {KSystems} does it help saying its just on paper?

[13:54] {larisa} it is ?

[13:54] {KSystems} yes

[13:54] {KSystems} you didnt trade it did you?!

06[13:54] * larisa slaps Threei around a bit with a large trout

[13:54] {Threei}  hmmm... what was that for?

[13:55] {larisa} i am bored :)

[13:55] {Threei}  oh

[13:55] {Threei}  that's valid reason to slap people in your opinion?

[13:55] {larisa} it is

[13:55] {Threei}  okay then

[13:55] {nemo} wonder what's i her closet?

[13:56] {Threei}  AKM 47 I suspect

[13:57] {nemo} what's the "M" stand for?

[13:57] {KSystems} only suitable for "male" targets nemo

[13:58] {Threei}  modernized

[13:58] {nemo} Automat Kalishnikov, I just don't know what the M stands for.  She'd probably be better off with the '74

[13:58] {nemo} oh

[13:59] {Threei}  http://world.guns.ru/assault/as01-e.htm

[14:00] {magoo} im running into restrm nnow to help mkt

[14:00] {Threei}  I am hesitant to make a call on it, but PALM feels like something is ahead still

[14:04] {Threei}  if not for the general market conditions... 9 is the least it could do

[14:04] {Threei}  most likely more

[14:05] {elepet} i'm still in from 7.96 anad it feels strong for some reason.

[14:05] {Threei}  very

[14:05] {Threei}  S) SENATOR DODD (D): PRESIDENT AND FDIC MAY ANNOUNCE NEW ASSISTANCE FOR HOMEOWNERS AS SOON AS NEXT WEEK

[14:05] {Threei}  - says Obama may ask for more TARP funding beyond $700B, but would have to make a strong case for it.

[14:05] {Threei}  heh

[14:09] {Threei}  the way PALM trades makes me think some news is coming, and we see a result of leak

[14:10] {elepet} it actually has been going up steadily for the past couple of weeks.

[14:11] {Threei}  original gap and run was news

[14:13] {Threei}  01/23/09 12:37pm

[14:13] {Threei}  [PALM] Palm, Inc Best Buy Mobile Exec: We are holding talks to sell Palm's Pre smartphone, not yet ready to announce retail deal

[14:13] {Threei}  - says also in discussions with Sprint

[14:13] {Threei}  maybe these talks are getting somewhere

[14:15] {hawkfan4} had to run out for a bit, glad i survived PALM 

[14:17] {dino} what were you doing?

[14:17] {magoo} try hand lotion hawk

[14:18] {Threei}  meanies

[14:18] {hawkfan4} :) lol, i stepped right into my own trap

[14:18] {nemo} glad I wasn't...nevermind

[14:18] {dino} lol

[14:19] {elepet} I'm getting hungry. Please babysit PALM while I'm gone.

[14:19] {Threei}  just in case, lut in sell order at 8.95

[14:19] {magoo} im up 17 dollar menu cheeseburges here

[14:19] {elepet} good idea

[14:20] {Threei}  who knows wat happens while you are out... would be a shame to return to see it ran and droped

[14:21] {Threei}  VP BIDEN: CHINA MUST PLAY BY THE RULES LIKE ALL OTHER MAJOR PLAYERS

[14:21] {Threei}  sigh

[14:21] {dino} biden, please shut up

[14:22] {dino} the v.pres. should be seen and not heard

[14:22] {Threei}  GERN some activity

[14:23] {cosmo} PALM needs to hold

[14:23] {cosmo} or its a double top

[14:23] {cosmo} imho

[14:24] {cosmo} 8

[14:25] {Threei}  holding 8 and returning to high would be C&H

[14:25] {dino} vsec

[14:26] {hawkfan4} tomy

[14:26] {cosmo} palm needs a handle tho

[14:27] {dino} vsec was the -20 mover last week on contract loss

[14:28] {hawkfan4} news on it

[14:28] {dino} 389m contract 2 yr win

[14:29] {KSystems} LBTYA rest out +.25

[14:29] {hawkfan4} yep, have briefing on a diff computer right now, can't post

[14:29] {magoo} any read GS HAWK?

[14:29] {Threei}  some encouraging talk here:

[14:29] {Threei}  WHITE HOUSE PRESS SECRETARY GIBBS: Q4 GDP DATA TOMORROW COULD BE "STAGGERING"

[14:29] {Threei}  - note: Q4 advance GDP data due out at 8:30amET Friday (this is the first of three readings on Q4 GDP)

[14:30] {hawkfan4} gut is it recovers some, long over 84.30 should get it going

[14:30] {magoo} TY bud

[14:30] {dino} these politicians are idiots. like anybody expects good gdp #s

[14:30] {hawkfan4} np, i'm watching it

[14:30] {Threei}  GERN... on daily, 7.50 is important resistance to break

[14:34] {hawkfan4} HIG trying off .50

[14:37] {hawkfan4} nice VSEC dino, took 100 shrs 27.72, thx

[14:37] {dino} gj

[14:41] {KSystems} AFG out rest +.36

[14:43] {Threei}  laserdave, dcc

[14:49] {dino} ks in the zone today, gj

[14:50] {Threei}  yeah, KS and hawk are truly irritating today

[14:50] {larisa} lol

[14:50] {Threei}  :)

[14:50] {hawkfan4} hey! :)

[14:50] {dino} lol

[14:50] {hawkfan4} every dog has his day

[14:50] {KSystems} hey thank you

[14:51] {KSystems} was about time though

[14:51] {Threei}  and the only reason it bothers me is that it's usually my place, pleasure, right and privilege to irritate people

[14:51] {Threei}  I am good at it... and now I feel competition

[14:52] {KSystems} difference is, vad, YOU dont have to be profitable to be irritating

[14:52] {hawkfan4} lol

[14:52] {larisa} rofl!

[14:52] {Threei}  yeah, it comes to me naturally

[14:52] {Threei}  kind of built-in feature

[14:53] {larisa} sometimes you guys can be funny..

[14:53] {Threei}  funny - sometimes... iriitating - aleays. That's my credo

[14:55] {KSystems} s hl FLIR .13 stop .26

[14:56] {hawkfan4} PALM trying for the handle

[14:57] {Threei}  unless market ruins it... volume shaped up for the cup

[15:03] {Threei}  GERN

[15:03] {Threei}  how about that

[15:03] {magoo} u in PALMN?

[15:04] {KSystems} FLIR stopped -.13

[15:04] {Threei}  ashamed to say, yes

[15:04] {magoo} where?

[15:04] {Threei}  anyone took GERN on break?

[15:04] {Threei}  right here mags

[15:04] {Threei}  8.01

[15:04] {tomg} i did vad

[15:04] {Threei}  cool beans tom

[15:04] {tomg} still have 100

[15:05] {Threei}  if protected most of profit, I wouldn't care about 100

[15:05] {tomg} ok

[15:05] {Threei}  7.40 is clean support

[15:06] {Threei}  let it trade with stop under .40 for that last 100

[15:06] {tomg} ok, ty

[15:07] {Threei}  just don't chase it anyone

[15:07] {nemo} I miss anything the last 5 minutes...power out

[15:08] {Threei}  it's not on the stage of the move where chasing is allowed

[15:08] {nemo} what stock, Gern

[15:08] {nemo} Hey KS, you like "Gern"?

[15:08] {KSystems} sigh

[15:08] {Threei}  yes nemo

[15:09] {nemo} sorry k

[15:09] {KSystems} *G*

[15:09] {KSystems} i was wondering who'd be the first to ask

[15:11] {nemo} they'd have to have some background

[15:18] {hawkfan4} GS waking up a bit

[15:19] {magoo} u in?

[15:19] {Threei}  stage

[15:19] {Threei}  huh

[15:19] {magoo} [15:18] {hawkfan4} GS waking up a bit

[15:19] {hawkfan4} not yet, want decisive move over 84 area, keeps getting hammered down

[15:24] {nemo} Charlie Gasparino let go an "Fbomb" on CNBC?

[15:24] {dino} lol

[15:25] {nemo} tp://vodpod.com/watch/1321036-gasparinos-f-bomb-its-a-stupid-fucking-gasp-then-pause-its-a-stupid-debate-?pod=misstrade

[15:26] {dino} i guess cnbc will use that for the reason the markets dropped today

[15:26] {nemo} His last day on the job...at the end of the segment you hear, "Hello, YouTube."

[15:27] {nemo} financials dumping but palm holing...so far

[15:28] {Threei}  ag

[15:28] {Threei}  never mind

[15:29] {nemo} frustrating...huh Vad?

[15:29] {Threei}  ?

[15:29] {nemo} the day

[15:29] {Threei}  not really

[15:29] {nemo} o.k.

[15:29] {Threei}  just sitting out days when I am cold as cucumber

[15:30] {nemo} So...is palm on a cliff, or a springboard?

[15:30] {Threei}  trading for many years, you don't put much significance in any given day

[15:31] {Threei}  look at FAS

[15:32] {nemo} cliff

[15:33] {dino} s/p gap filled

[15:38] {nemo} love this on the market"

[15:38] {nemo} Were seeing a bit of indigestion, said Larry Dyer, a U.S. interest-rate strategist with HSBC Securities (USA) in New York, one of 17 primary dealers that are required to bid in Treasury auctions. Its a mini bear market, and were underwriting in it.

[15:39] {nemo} mini-bear market

[15:42] {hawkfan4} wow, hig dump

[15:43] {Threei}  NY INSURANCE REGULATOR DINALLO: PLANS TO VOTE AGAINST LIFE INSURANCE RELIEF AS MAY NEGATIVELY IMPACT POLICYHOLDERS

[15:43] {Threei}  {LNC HIG MET GNW}

[15:45] {larisa} who said yesterday  HIG goes to 21 nonstop ??? 

[15:45] {nemo} I dunno'?

[15:45] {larisa} the one with 3 eyes

[15:46] {nemo} geez larisa...talk about kickin' a guy when he's down!!!

[15:47] {nemo} I don't think an AK is the only thing untoward she has in her closet

[15:47] {larisa} he is not down :)

[15:47] {Threei}  [13:28] {Threei} frigin HIG will never stop

[15:47] {Threei}  [13:28] {Threei} ever

[15:47] {Threei}  [13:28] {Threei} it will just go to 19... 20...21...

[15:47] {larisa} see ? :)

[15:47] {Threei}  :)

[15:47] {larisa} I never trust men again, even vad

[15:48] {nemo} masochist/sadist

[15:48] {Threei}  right... my today's take is:

[15:48] {Threei}  HIG will never recover

[15:48] {Threei}  ever

[15:48] {Threei}  it will drop to 15...14...13...

[15:48] {larisa} ahha

[15:48] {nemo} Oh, well, if it weren't for women, we'd still be in the frickin' Garden of Eden!!!

[15:48] {larisa} not you nemo..

[15:49] {nemo} stuck my chin out again

[15:49] {dptl} gn all

[15:49] {Threei}  take care dp

[15:49] {nemo} me to bye!

[15:49] {dino} cya dp

[15:49] {larisa} bye :)

[15:49] {Threei}  wow GERN

[15:50] {Threei}  PALM absorbed an awful lot of selling here

[15:50] {nemo} yeah, in the market downswing

[15:51] {nemo} bye folks

[15:51] {elepet} decision time PALM...take $10 profit or hold?

[15:51] {larisa} lol

[15:51] {Threei}  take care nemo

[15:51] {Threei}  elepet... my suggestion:

[15:51] {KSystems} bye nemo

[15:52] {dino} looking as if the funds don't have the funds to mark up any more. the pattern is broken

[15:52] {Threei}  take position small enough not to hurt if something bad happens

[15:53] {Threei}  if it shows more strength tomorrow, you will have ample opportunity to add

[15:53] {dino} cya nemo

[15:53] {Threei}  FAS death was anything but painless

[15:54] {elepet} i have 1000 shares from 7.97.  tendancy is to hold.

[15:54] {Threei}  if it can gnaw through 8 before close, would be a nice encouragement

[15:55] {dino} well thats what you get w/cramer ranting all day yesterday to not fight the fed

[15:55] {Threei}  guy is amazing

[15:55] {Threei}  lookie lookie PALM

[15:56] {dino} i wish they would just say; "let the markets work it out, no more $"

[15:56] {Threei}  no chance

[15:56] {Threei}  they are determined to fix it

[15:57] {elepet} guess i'm holding.

[15:57] {KSystems} IYW out rest +.55

[15:57] {Threei}  wtg ks

[15:57] {KSystems} ty :)

[15:58] {dino} wtg ks good job

[15:58] {KSystems} lucky...

[15:58] {dino} lol

[15:59] {Threei}  hawk... see NURO?

[15:59] {dino} out cat -.09, out t +.10

[16:00] {hawkfan4} yes, bot a little .76 ;) couldn't stand it anymore

[16:00] {Threei}  lol

[16:00] {Threei}  ok gys, thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {hawkfan4} nite all

[16:00] {larisa} good night

[16:01] {fernp} good nite all

[16:01] {patience} goodnight guys, another good day in gold  :)