Feb 03 2009

Started out rather slow, then the day picked up with a few nice wins, exceeding usual scalping profits. Long on STT, couple long trades on AMZN and short on FAS made the day.

 

Session Time: Tue Feb 03 00:00:00 2009

[07:54] {cujo} morning all. 

[07:58] {Threei}  Good morning

[08:01] {cujo} morning Vad

[08:02] {tomg} good morning :)

[08:02] {Threei}  cujo, tom :)

[08:03] {magoo} morning

[08:03] {Threei}  magoo :)

[08:05] {nemo} haroo?

[08:05] {Threei}  I don't know what haroo is, but good morning to you too :)

[08:06] {nemo} I have a lambdasism (sp)

[08:06] {magoo} here come the games...senator on cnbc saying want to scrap the bill

[08:07] {Threei}  rep?

[08:08] {magoo} shelby republican

[08:08] {magoo} "start over"

[08:11] {hawkfan4} drys

[08:11] {Threei}  DRYS to you too hawk

[08:11] {nemo} corny

[08:11] {magoo} drys hawk:)

[08:11] {Threei}  I don't see news

[08:11] {magoo} SNDK hit hard'

[08:11] {hawkfan4} good morning :)

[08:14] {Threei}  you see anything anywhere on DRYS?

[08:14] {hawkfan4} nope

[08:15] {magoo} quite active here DRYS

[08:15] {Threei}  look at EKN hawk... good thing we ignored it

[08:15] {Threei}  ELN

[08:15] {hawkfan4} i know, wtf, that was a wierd move

[08:16] {hawkfan4} drys nonstop, no news on briefing

[08:17] {magoo} has FEEL to go over 6  premkt

[08:17] {hawkfan4} yessir

[08:17] {magoo} need a pullbk

[08:22] {larisa} good morning :)

[08:22] {elepet} good morning

[08:22] {nemo} GM larisa :)

[08:22] {Threei}  larisa, elepet :)

[08:23] {hawkfan4} drys, drys :)

[08:23] {larisa} nemo, elepet, threei :) 

[08:23] {Threei}  lol hawk

[08:23] {Threei}  BALTIC DRY BULK INDEX +4.5%

[08:24] {nemo} there ya' go

[08:25] {elepet} but it's been up for days and drys down

[08:25] {Threei}  yup

[08:25] {Threei}  good thinking elepet

[08:26] {nemo} elepet looking for logic...don't bother with relationships then

[08:26] {Threei}  plus, being 11th straight increase, ity's probably nearing the top of the cycle

[08:26] {elepet} EXM and EGLE also up today

[08:28] {patience} good morning RT  :)

[08:28] {Threei}  patience :)

[08:29] {nemo} patience :)

[08:30] {Threei}  wow

[08:30] {Threei}  what the?

[08:30] {Threei}  REACHES PRELIM AGREEMENT ON COVENANT WAIVER

[08:30] {hawkfan4} jeesh

[08:30] {Threei}  what does it even mean, lol

[08:30] {nemo} damn...coulda' quit early

[08:31] {Threei}  what covenant was that?

[08:31] {Threei}  - Has reached an in principle agreement with Piraeus Bank, one of its largest lenders, to restructure its two loan facilities in the original aggregate principal amount of $220.0 million with current outstanding $164.9M

[08:31] {magoo} [08:17] {magoo} has FEEL to go over 6  premkt

[08:31] {Threei}  ahha

[08:31] {nemo} bow to Mags

[08:31] {Threei}  loan restructuring

[08:32] {Threei}  WATG

[08:32] {Threei}  AWARDED COMPETITIVE BID CONTRACT TO SUPPLY STARTERS TO A TOP THREE DOMESTIC AUTO MAKER IN CHINA

[08:46] {ese} morning.....

[08:48] {Threei}  ese :)

[08:48] {elepet} Is it possible with short covering that DRYS could rise to its former glory?

[08:48] {ese} hey vad....not sure if i signed off with you all properly yesterday......appologies

[08:48] {Threei}  as in, back in 20s? :)

[08:49] {Threei}  no ese, you haven't... we decided to punish you for that today

[08:49] {elepet} that would be fun. i mean above 9

[08:49] {magoo} heck..DRYS 52 wk high appx 116..thats its former glory

[08:49] {Threei}  but we couldn't come to agreement about how... and ended up beating each other up

[08:49] {Threei}  so I guess you are off the hook

[08:50] {magoo} 3 52 wk low

[08:50] {Threei}  elepet... DRYSA is very volatile animal... it could do practically anything

[08:51] {elepet} I must confess i bought 500 shares yesterday at 5.10 but was ashamed to tell anyone.

[08:51] {elepet} yeah i know...sell

[08:51] {magoo} 16.50 DRYS 1 month high

[08:51] {magoo} just filled first gap upward for dino

[08:52] {magoo} another upward gap to 12

[08:52] {hawkfan4} i bot 1k at 4.92 in the afterhours yesterday...and sold 4.93 

[08:52] {Threei}  don't spend it all at once hawk

[08:52] {magoo} ALTHOUGH..i must say I HATE DRYS

[08:52] {Threei}  you may contribute to inflation

[08:52] {hawkfan4} that was right about the time i covered my SNDK short from 11.60 for a .10 loss

[08:53] {ese} ITMN.....

[08:53] {hawkfan4} i've got a case of the woulda-coulda-shoulda's

[08:53] {magoo} MYGN gapper

[08:53] {ese} up 5 bills....nice for those who got in yesterday

[08:54] {Threei}  ITMN

[08:54] {Threei}  07:08am [ITMN] Two Phase III studies of Pirfenidone in IPF InterMune demonstrated statistical significance

[08:54] {Threei}  and whole lot of scientific gibberish after that

[08:56] {magoo} ITMN avail short to laserheads...just kreep in mind

[08:57] {nemo} I'd have to have a mind to keep it in.

[08:57] {nemo} ehh...in which to keep it.

[08:59] {elepet} Palm seems ready to move up again. Is market in for a rally?

[08:59] {Threei}  HRYSLER EXEC: JAN RETAIL SALES CLOSE TO OBJECTIVE

[08:59] {Threei}  objective was to sell anything?

[09:00] {nemo} Yeah, only down 50%

[09:00] {Threei}  looks so at this point elepet

[09:00] {Threei}  but you know how fast things change these days

[09:00] {Threei}  JPM

[09:00] {Threei}  SELECTED BY THE FEDERAL RESERVE AS CUSTODIAN FOR ITS MORTGAGE-BACKED SECURITIES PURCHASE PROGRAM

[09:01] {nemo} They're already a hazardous waste dump

[09:02] {Threei}  HIG near yesterday's high

[09:02] {nemo} dino :)

[09:05] {Threei}  DRYS assault on high

[09:06] {dino} gm nemo

[09:06] {Threei}  dino :)

[09:06] {Threei}  if its normal personality is still in effect, should pull back now

[09:06] {Onix} Good morning all

[09:07] {Threei}  onix :)

[09:07] {Threei}  JPM CEO DIMON CALLS FOR FED RESERVE TO FINANCIAL SYSTEM REGULATOR

[09:07] {Threei}  is it even English?

[09:07] {hawkfan4} lol

[09:08] {KSystems} Good morning!

[09:08] {Threei}  well, as long as they unmderstand each other...

[09:08] {Threei}  ks :)

[09:08] {Threei}  ahha, correction

[09:08] {Threei}  CEO DIMON CALLS FOR UNIFICATION OF REGULATORY STRUCTURES, FED RESERVE TO HAVE AUTHORITY OVER FINANCIAL SYSTEM

[09:09] {nemo} I'd rather Treasury have authority

[09:09] {Threei}  thought of Fed being a regulating entity for fiancial system boggles my mind

[09:13] {Threei}  be back in 5

[09:18] {Threei}  elepet... my outlook on PALM is the same...

[09:18] {Threei}  if market gains strength, techs perform well, and it breaks 8-8.40 zone, it's poised for 9 and above

[09:19] {Threei}  will also depend on whether their deal with retailers goes through

[09:19] {Threei}  with Best Buy particularly

[09:23] {Threei}  DRYS... sharp pullback at the open is its trademark

[09:25] {KSystems} welcome buyem

[09:25] {buyemsellem} thank you, morning everyone

[09:25] {Threei}  hi byem, welcome aboard

[09:25] {hawkfan4} gm

[09:26] {nemo} there's a lurking lycanthrope too...

[09:27] {Threei}  so far, on watch

[09:27] {Threei}  DRYS for pullback etry

[09:27] {Threei}  HIG for possible continuation

[09:27] {magoo} sndk?

[09:27] {magoo} bounce?

[09:27] {Threei}  and whatever scanner spits out

[09:27] {Threei}  ugh

[09:27] {Threei}  don't know about SNDK

[09:28] {Threei}  thing is damaged badly

[09:28] {Threei}  let's observe it for a while

[09:28] {dptl} gm all

[09:28] {Threei}  dp :)

[09:28] {Threei}  it filed shelf

[09:29] {dino} prgo

[09:29] {Threei}  07:51am [PRGO] Reports Q2 $0.46 v $0.50e, R $561.5M v $541.3Me. Lowers FY09 guidance)more.. - Guides FY09 EPS $1.75-1.90 v $1.95e ($1.92-2.00 prior)

[09:30] {Threei}  here comes DRYS drop

[09:31] {Threei}  under 6.20 should become an entry

[09:31] {Threei}  in

[09:31] {Threei}  stop under 6

[09:31] {magoo} in

[09:31] {cujo} in

[09:31] {Threei}  got 6.14

[09:32] {hawkfan4} .18

[09:32] {magoo} .18

[09:32] {Threei}  out half .27

[09:32] {Threei}  stop to under .10

[09:33] {Threei}  FAS sharp downtick

[09:34] {nemo} hig too

[09:35] {Threei}  out DRYS balance

[09:35] {cujo} Thanks Vad

[09:35] {Threei}  ugh... missed FAS

[09:35] {dino} mygn

[09:35] {Threei}  felt like diving under .20

[09:36] {Threei}  DRYS will give more opportunties, need to let it calm down a little

[09:36] {nemo} pre market on FAS congestion at 9.25

[09:37] {Threei}  let's see if we get double bottom

[09:37] {magoo} nasty q

[09:37] {ese} PRGO bstop  25.31

[09:39] {Threei} Long Setup:  FAS  .35 if holding above .20

[09:39] {dino} where you get in short prgo es?

[09:41] {Threei}  invalidated

[09:41] {Threei}  rather bounce candidate now from under 9.10

[09:41] {elepet} not much of a rally.

[09:42] {dino} lol

[09:42] {Threei} Long Setup:  HIG  half lot .95

[09:43] {Threei}  if holding above .80

[09:43] {ese} prgo bstop invalidated

[09:43] {Threei}  1:1

[09:44] {Threei}  fast thing

[09:44] {Threei}  anyone caught it?

[09:44] {ese} anyone catch coco?

[09:44] {_wulff} }93

[09:44] {Threei}  nice entry

[09:44] {Threei}  was very fast on spike too

[09:46] {_wulff} out

[09:46] {Threei}  haven't sold any into spike?

[09:46] {_wulff} pullback entry

[09:46] {Threei}  oh

[09:47] {Threei}  market is downtrending, usually secondary entries should be lower than original

[09:47] {_wulff} DRYS not selling off

[09:48] {dino} re-fi in the works on drys

[09:49] {hawkfan4} GS holding better than FAS, wild one

[09:50] {Threei}  FAS, quick pullback into .20 or just below is an entry

[09:50] {Threei}  stop under .10

[09:51] {Threei}  first strength from here

[09:51] {cujo} stopped

[09:57] {dino} beav sm l .00

[09:58] {cujo} b aapl .78

[09:59] {cujo} out .83

[09:59] {cujo} grrr

[10:00] {Threei}  DEC PENDING HOME SALES M/M: 6.3% V 0.0%E

[10:00] {cosmo} hmm

[10:00] {Threei}  -Prior revised from -4.0% to -3.7%

[10:11] {dptl} .

[10:11] {Threei} Long Setup:  FAS  .31

[10:11] {Threei}  if stays above .20

[10:13] {Threei}  invalidated

[10:13] {nemo} maybe db of .15 

[10:14] {_wulff} smh?

[10:16] {Threei}  .26 SMH with stop under .20... not very entyusiastic about it

[10:17] {cujo} in .26 half lot

[10:17] {cujo} SMH

[10:19] {cujo} out

[10:19] {Threei}  who unplugged the market?

[10:20] {nemo} look around your feet

[10:21] {KSystems} yesterday that time my scanner was buzzing like a nervous bee

[10:22] {cujo} drys fast selling

[10:27] {Threei}  time to start looking for FAS reversal

[10:27] {Threei}  darn thing jumped as I typed

[10:27] {Threei}  hoppefully, pullback closer to .80

[10:28] {fernp} hello everybody

[10:28] {Threei}  yeah right

[10:28] {Threei}  fern :)

[10:31] {dino} sm l prgo .50, stop .18

[10:37] {magoo} dam..missed GS..was looking @ 81.50

[10:39] {_wulff} Drys .02

[10:40] {magoo} l rimm 55

[10:40] {nemo} lunchtime already?

[10:41] {magoo} kicking it

[10:42] {magoo} .79 stop

[10:42] {Threei}  stop under .85 mags?

[10:42] {magoo} [10:42] {magoo} .79 stop

[10:42] {Threei}  yeah... I mean, trailing after this pullback and bottoming at .88?

[10:43] {magoo} ok

[10:43] {KSystems} PAC hl s .35 stop .43

[10:43] {Threei}  or want to give it breathing room?

[10:43] {magoo} first exit .23 area..

[10:43] {magoo} second .43 area

[10:45] {magoo} c'mon RIMM ..sheesh

[10:45] {cujo} .30 cent spike in CAT

[10:45] {magoo} everythings in place here

[10:45] {Threei} Long Setup:  AMZN  .80 half lot

[10:45] {Threei}  if stays above .60

[10:46] {Threei}  .50 is more reliable support for it but requires smaller shares

[10:46] {dino}  prgo stopped -.32

[10:48] {magoo} in amzn

[10:48] {elepet} i went to make breakfast and the rally returned.

[10:48] {Threei}  ahha

[10:48] {Threei}  we need you tyo go cook breakfast for the rally

[10:49] {dino} rinsed

[10:49] {magoo} are u sure it wasnt restroom?do not be embarrassed

[10:49] {dino} throw some bacon on for me

[10:49] {Threei}  AMZN 5 cents shy of 1:1? come on

[10:52] {Threei}  NQ needs to break 1200

[10:53] {Threei}  not this time it seems

[10:54] {cujo} no worky

[10:54] {Threei}  nope

[10:54] {Threei}  sppi

[10:54] {Threei}  never mind

[10:55] {Threei}  gotta adjust that volume filter

[10:55] {Threei}  US SEN SCHUMER: BAD BANK SOLUTION WOULD BE 'TOO COSTLY', PREFERS GUARANTEES

[10:56] {Threei}  (US) OBAMA ADMINISTRATION NOTES ITS "GREAT CONCERN" OVER THE IRANIAN SATELLITE LAUNCH

[10:56] {Threei}  - The French and British governments have also voiced their concern this morning over the Iranian actions.

[10:57] {Threei}  wow GS

[11:03] {KSystems} KLAC sm s .57 stop .81

[11:04] {dino} sm l t .10

[11:05] {fernp} IP 

[11:05] {fernp} valid jbe?

[11:05] {Threei}  too narrow for my taste

[11:05] {Threei}  25 cents who day range

[11:06] {fernp} true

[11:06] {magoo} rinse-a-rama today boss

[11:06] {Threei}  PALM is quietly creeping up

[11:06] {Threei}  yeah mags

[11:06] {magoo} RIMM and AMZN

[11:07] {Threei}  why do you think I shrink away from a call-per-minute mode

[11:07] {dino} figured you were ducking the shoes being thrown at you

[11:08] {Threei}  look at AMZN

[11:08] {KSystems} KLAC stopped -.25

[11:11] {Threei}  lol... third person with tax issues?

[11:11] {Threei}  is anyone at the top paying them at all?

[11:11] {dino} marion berry may as well be nominated for the drug czar

[11:12] {nemo} I was living around DC when he was mayor...what a circus

[11:12] {dino} lol

[11:12] {_wulff} me too

[11:12] {nemo} the there were his conjugal prison yard visits

[11:13] {nemo} I'm Magooin' it...good luck

[11:16] {elepet} yes, palm slow but steady making new highs. now there is a stock one could love with impunity

[11:20] {nemo} didn't work...Magoo...your turn

[11:20] {Threei}  CEDC... vodka is in demand today

[11:20] {KSystems} PAC stopped -.10

[11:21] {nemo} that must have been from me last night

[11:21] {dino} well we went thru some stoli on superbowl

[11:21] {dino} prgo last try sm l .50

[11:23] {magoo} double bottom GS?

[11:23] {Threei}  most likely... but this is downtrending stock in uptrending market

[11:24] {Threei}  mwerket pauses or reverses, it can drop hard

[11:24] {Threei}  ummm... mwerket?

[11:24] {ese} signing off till later...have a great day

[11:24] {Threei}  take care ese

[11:24] {dino} cya es

[11:25] {Threei}  dunno mags... I'd stay away other than simply playing volatility on it

[11:25] {magoo} ty

[11:26] {Threei}  look how much it drops on a merely couple market downticks

[11:26] {Threei}  now... UPS is another matter

[11:26] {Threei}  a lot ov volatility as well, but uptrending and consolidating under the resistance

[11:28] {magoo} .57 long UPS?

[11:28] {dino} prgo stopped again -.32, done w/it

[11:28] {Threei}  gotta time it with market mags

[11:29] {Threei}  looks like UPS gives little delay

[11:29] {Threei}  so ideally, we would get sharp market spike and pause on UPS to grab it

[11:33] {Threei}  serious wekaness in financials

[11:36] {Threei}  with market revresing , starting to think, maybe let's short FAS

[11:37] {nemo} short fas/buy faz?

[11:37] {Threei}  if you prefer FAZ's volatility

[11:38] {Threei}  direction wise, it's the same play

[11:42] {fernp} good read with IP avoiding me go long :)

[11:43] {Threei}  yeah, no life in that

[11:44] {_wulff} Hig short?

[11:44] {Threei}  FAS short entry around .80

[11:44] {Threei}  HIG yes, worth a try certainly

[11:44] {Threei}  with stop over 15

[11:44] {Threei}  FAS stop above .90

[11:45] {Threei}  FAZ acordingly... long off .50

[11:46] {Threei}  although with its volatility I don't even know where to place stop on it

[11:49] {Threei}  don't you hate these long pauses that totally kill the feel of direction

[11:49] {Threei}  no rhytm

[11:50] {Threei}  we have car sales numers today

[11:50] {Threei}  anyone expects them to be anything but more pain?

[11:50] {nemo} down 35% for Chrysler

[11:51] {_wulff} good day for a 3 martini lunch

[11:51] {Threei}  yeah, yesterday was much more fun

[11:54] {dino}  indeed wulf, indeed

[11:55] {dino} education stocks moving up

[11:56] {Threei}  shorts start working

[11:56] {Threei}  on HIG and FAS

[11:57] {Threei}  both are at cover half point

[11:57] {_wulff} one martini in

[11:57] {dino} lol

[11:57] {Threei}  FAZ up over 60 cents from .50

[11:58] {Threei}  anyone did FAS or HIG?

[11:58] {Threei}  or both

[11:58] {cujo} hig

[11:58] {hawkfan4} FAS

[11:58] {dino} ac/dc just came on

[11:58] {Threei}  ok

[11:58] {_wulff} still hig

[11:58] {Threei}  my feeling is, they have more downside

[11:58] {nemo} Don't tell me...Highway to Hell

[11:58] {dino} hells' bells

[11:58] {Threei}  but if with today's jerkiness you go for a scalp, I won't be terribly offended

[11:59] {_wulff} metoo

[11:59] {cujo} already out +.10

[11:59] {cujo} sry :)

[11:59] {_wulff} stop to break enen?

[11:59] {Threei}  just above

[11:59] {Threei}  covered half wulff?

[12:00] {_wulff} yes

[12:01] {_wulff} Later. Work.

[12:03] {Threei}  F

[12:03] {Threei}  REPORTS JAN VEHICLE SALES -38.9% V -29%E (ADJ)

[12:03] {Threei}  MERCEDES-BENZ REPORTS US VEHICLE SALES -35.5%

[12:06] {cujo} Vad, any thoughts on UPS bounce here?

[12:06] {Threei}  no signs of that yet

[12:06] {Threei}  nor did market show any signs of resuming uptrend

[12:06] {cujo} ok, thanks. 

[12:07] {dino} mygn non stop

[12:15] {_mananshah} Anyone trading emini?

[12:15] {Threei}  we are stocks mostly

[12:16] {Threei}  comments on NQ sometimes, but mostly as a quide for stocks that follow it

[12:19] {Threei}  FAS 1:2

[12:19] {Threei}  feel free to cover 1/4 more

[12:21] {Threei}  next leg of selling should take it to .50 - .55 where covering in full is reasonable

[12:22] {Threei}  if firmly intend to ride it to the bitter end, trail stop to over .70 for the last portion after .60 breakdown

[12:23] {Threei}  C

[12:23] {Threei}  US TREASURY NOTES TARP FUNDING PLANS ANNOUNCED TODAY ARE A "STEP FORWARD" BUT BANK "NEEDS TO DO MORE"

[12:23] {KSystems} GDX sm s .00 stop .68

[12:23] {KSystems} GDX is long, sorry

[12:24] {KSystems} SON sm l .39 stop .18

[12:24] {KSystems} VR hl s .31 stop 47

[12:27] {Threei}  .60 is broken FAS

[12:29] {KSystems} VR out half +.08

[12:39] {Threei}  .70 held on FAS bounce

[12:39] {Threei}  now the question is can it make new lows

[12:40] {Threei}  if losing .55, most likely will dive under .50

[12:40] {Threei}  if breaks .70, means double bottom is confirmed, and our trailing stop for last part is located just perfectly

[12:42] {Threei}  mananshah... your e-mini plays are scalps, longer holds?

[12:43] {Threei}  if scalps, NQ looks good for a 2-3 points with 1997 break

[12:43] {Threei}  1197

[12:45] {Threei}  watch if FAS holding above .60 from now on

[12:45] {Threei}  if so, .70 break becomes a long trigger

[12:47] {KSystems} JEC hl l .57 stop .38

[12:47] {Threei}  yesss

[12:47] {Threei}  OM DASCHLE WITHDRAWING FROM CONSIDERATION AS HSS SECRETARY

[12:48] {Threei}  good

[12:48] {Threei}  not let's sack Geithner while we are at it

[12:48] {Threei}  not = now

[12:48] {nemo} never could stand that, that, (insert invective)

[12:49] {KSystems} JEC stopped -.21

[12:49] {Threei}  FORD ISSUES CORRECTION: JAN TOTAL VEHICLE SALES -40.2% V -29%E (UNADJUSTED)

[12:49] {Threei}  they found a few more unsold cars on the parking lot?

[12:49] {cujo} :)

[12:52] {Threei}  ok, Toyota now

[12:52] {Threei}  REPORTS JAN US VEHICLE SALES -32% TO 117K UNITS

[12:56] {Threei}  Daschle own words came back to bite him in the rear

[12:57] {Threei}  10 years ago or so he said something to the effect:

[12:57] {Threei}  tac cheats cheat us all, IRS should follow the law to the letter

[12:58] {Threei}  of course the quote was immediately found and spread all over yesterday

[12:58] {Threei}  cool beans FAS

[13:00] {Threei}  trailing to cover to .51

[13:00] {Threei}  out

[13:00] {Threei}  .42

[13:00] {Threei}  +.30

[13:00] {Threei}  ummm

[13:00] {Threei}  .78 - .42

[13:01] {Threei}  .36?

[13:01] {Threei}  sheesh... wake uop someone and help with math

[13:02] {hawkfan4} .36?

[13:02] {nemo} How'd your engineering company do?

[13:02] {Threei}  did

[13:02] {nemo} dino dcc

[13:05] {Threei}  almost hour and half play on FAS

[13:05] {Threei}  fell asleep twice

[13:06] {hawkfan4} lol

[13:07] {KSystems} SON out half +.05

[13:08] {dino} lol 3i, try holding beav

[13:09] {Threei}  no thanks

[13:17] {hawkfan4} COCO .21 break Vad?

[13:18] {hawkfan4} 21

[13:18] {Threei}  chart looks right...

[13:18] {Threei}  I just have hard time trusting breakouts today

[13:18] {elepet} long FAS still.70?

[13:18] {Threei}  no way

[13:19] {hawkfan4} agree with that, thx 

[13:19] {Threei}  that setup had condition of holding .60

[13:19] {Threei}  went under .40

[13:19] {Threei}  even now it's whole 20 cents away from that trigger

[13:19] {elepet} good...that's what i thought

[13:23] {elepet} are you still short? fas

[13:23] {Threei}  [13:00] {Threei} out

[13:23] {Threei}  [13:00] {Threei} .42

[13:24] {Threei}  not anymore

[13:24] {Threei}  in all time we traded FAS I don't remember it being so slow

[13:25] {nemo} slow is relative, what's FASt today?

[13:25] {Threei}  true... even GOOG is slow today

[13:26] {larisa} I looked at Earth 5 yest. it is cool toy

[13:26] {Threei}  how is it different?

[13:27] {Threei}  I haven't looked since priginal one

[13:27] {larisa} couple new features, but I did not touch it since 1 :) Explored my vacation spot, had fun :)

[13:27] {KSystems} GDX stopped -.33

[13:28] {larisa} :(

[13:28] {KSystems} and SON out rest b/e

[13:35] {Threei} Long Setup:  STT  15

[13:35] {Threei}  .15

[13:35] {Threei}  if holding 23

06[13:36] * Threei pokes ARCA with sharp stick

[13:37] {Threei}  wow, stubborn seller

[13:38] {KSystems} VR out rest -0.05

[13:38] {Threei}  Nissan REPORTS JAN US SALES -29.7%

[13:39] {Threei}  look at the volume at .15

[13:40] {Threei}  you gotta be kidding

[13:41] {hawkfan4} ah

[13:41] {Threei}  steamrolled finally

[13:43] {Threei}  approaching 1:1, half out or scalp, your discretion

[13:43] {Threei}  I'll take off half

[13:44] {Threei}  and try for .40 - .45 with other half, stop to under .10

[13:44] {Threei}  GM

[13:44] {Threei}  REPORTS JAN VEHICLE SALES -49% V -35%E (UNADJUSTED)

[13:47] {Threei}  lol, now that same guy on ARCA supports at that same price?

[13:47] {Threei}  learning buttons buy and sell I assume

[13:51] {Threei}  market fell off a cliff again

[13:52] {Threei}  stop to .14

[13:57] {Threei}  care to break that .30 STT?

[13:57] {hawkfan4} i'll even say please

[13:57] {Threei}  you are THAT polite??

[13:58] {Threei}  wow... I am impressed

[13:58] {hawkfan4} i don't have any 2 x 4's with rusty nails around

[13:58] {Threei}  I don't know how you trade without those

[13:59] {Threei}  good boy STT

[13:59] {Threei}  one more spike please

[14:00] {Threei}  hmmm... please works... you are right

[14:00] {hawkfan4} :) just needed a nudge

[14:00] {Threei}  let's try my way now

06[14:01] * Threei kicks STT in the rear with steel toed heavy duty army boots

[14:01] {Threei}  even better

[14:01] {Threei}  works too and elivers joy of kicking things

[14:01] {Threei}  out .40

[14:02] {KSystems} ALNY hl l .70 stop .57

[14:02] {hawkfan4} out .36

[14:03] {Threei}  day is in the black, but I lack ecitement

[14:03] {Threei}  excitement too

[14:04] {nemo} ehh....nevermind

[14:04] {Threei}  what? I can't be bored?

[14:05] {nemo} no...I was going to make a wise-ass comment that might have crossed the line.

[14:05] {Threei}  GM SALES ANALYST NOTES THAT CHINA HAS SURPASSED THE US MARKET SALES FOR THE FIRST TIME IN MONTHLY SALES

[14:05] {Threei}  now, that corsses the line

[14:05] {nemo} timing is everything...quite the sychronicity

[14:06] {dino}  eqix sm l .00, stop lod

[14:06] {nemo} what about the QB on FAS

[14:06] {Threei}  as in quadriple bottom? :)

[14:07] {nemo} druple...yest.  Everytime it stretches around .38

[14:07] {KSystems} scalped NQ 1197.25 - 1198.75

[14:07] {Threei}  can't tell, not mych rhytm to these movements

[14:08] {Threei}  hesitated on STT pullback into .20

[14:09] {hawkfan4} DRYS little asc triangle breaking, stop under 6

[14:09] {Threei}  something brought new wave of happiness in the market

[14:10] {KSystems} LIHR out half +.09

[14:10] {Threei}  larisa... +300?

[14:10] {nemo} maybe she fell asleep too

[14:11] {magoo} READ RIMM VAD?

[14:11] {Threei}  it just spiked with market mags...

[14:11] {Threei}  and was as out of nowhere as market's spike

[14:11] {KSystems} LIHR out 1/4 +.18

[14:12] {larisa} +45

[14:14] {Threei} Short Setup: STT  .40 break half lot

[14:14] {Threei}  if stays under .55

[14:17] {dino} gj larisa

[14:17] {KSystems} LIHR out rest +.11

[14:17] {larisa} :)

[14:17] {Threei}  new market spike

[14:18] {cujo} so still valid?

[14:18] {Threei}  so far yes

[14:19] {Threei}  can't make new high while market does

[14:20] {Threei}  the rest will depend on whether market reverses or continues

[14:24] {nemo} guess I shoulda' acted on that quadriple bottom

[14:26] {Threei}  AMZN will never stop

[14:26] {Threei}  it will just go to the moon

[14:26] {larisa} sigh

[14:26] {cujo} is that a long set up? :)

[14:27] {dino} out eqix .45, +.45

[14:28] {larisa} gj

[14:28] {Threei}  well, actually... if market spikes again... 63.10 long if holding 62.90

[14:29] {Threei}  or aggressively if AMZN gives little delay

[14:30] {larisa} dino, PRGO gave 2$ bounce off 22.50, but wear everybody off first

[14:31] {Threei}  (CA) CANADIAN PM: "BUY AMERICAN" PROPOSAL IN STIMULUS PACKAGE VIOLATES TRADE COMMITTMENTS

[14:32] {Threei}  (US) SENATE REPUBLICANS OFFER STIMULUS COUNTER PROPOSAL, INCLUDING CUTTING CORPORATE TAX BRACKET TO 25% FROM 35% TEMPORARILY

[14:32] {Threei}  - Proposals also include 2009 home tax credit of $15K or 10% of purchase price and $65B in grants to states for roads & bridges.

[14:32] {Threei}  - Proposal totals approx $445B

[14:32] {nemo} That's a smart move

[14:32] {dino} missed 2x on it, offmy screen

[14:33] {nemo} Comes in less than 1/2 the dem stimulus..eh..spending package and is targeted

[14:35] {Threei}  half out AMZN

[14:35] {KSystems} ALNY out half +.11

[14:35] {cujo} AMZN out +.12

[14:36] {magoo} nice boss

[14:38] {Threei}  out in full

[14:38] {Threei}  +.45

[14:38] {magoo} u be beauty

[14:38] {Threei}  see larisa... sighs are unprofitable {G}

[14:38] {Threei}  me?

[14:38] {Threei}  be?

[14:39] {Threei}  beauty?

[14:39] {KSystems} ALNY out 1/4 +.23

[14:39] {nemo} mags, you been drinkin the doe pee?

[14:40] {Threei}  I am getting tired of STT

[14:40] {magoo} wheres AMZN reload vad?

[14:40] {Threei}  missed covering it when it dropped into .30

[14:40] {Threei}  being busy with AMZN at the moment

[14:40] {Threei}  not sure yet mags

[14:41] {Threei}  market is strangely perky

[14:41] {Threei}  canadian TV is all over "buy american"... so is parliament

[14:43] {KSystems} MTB sm s .56 stop .72

[14:44] {Threei}  STT is stopped finally

[14:44] {Threei}  torturous play

[14:44] {Threei}  why do I do that to myself

[14:45] {nemo} masochistic nature

[14:46] {Threei}  nope... if I were that I'd buy DRYS

[14:47] {hawkfan4} lol, can't remember when it sat in one place for so long

[14:47] {nemo} I didn't say suicidal

[14:47] {KSystems} COLM sm l .69 stop .43

[14:48] {nemo} old Chinese joke:  Monk Cha sat there smacking his privates with a stone.  A passerby asked why he was doing that to himself. "Because it feels so good when I stop."

[14:49] {Threei}  I always thought it was old russian joke... but China is much older so must be theirs

[14:49] {nemo} You guys are on the same continent

[14:50] {nemo} Funny you should say that though.  The oldest mummies in China actually have caucasian DNA

[14:50] {cujo} really?  that is interesting.

[14:51] {nemo} FAS a short candidate again?

[14:51] {cujo} how did they remove the Cauc?

[14:51] {cujo} ha ha ha ha

[14:51] {nemo} don't quit your day job dog.

[14:51] {cujo} :)

[14:51] {Threei}  lol

[14:51] {nemo} :)

[14:51] {Threei}  don't worry cujo

[14:52] {nemo} this could degrade really quickly

[14:52] {Threei}  these guys don't like my jokes either

[14:52] {Threei}  but I liked yours

[14:52] {cujo} thanks

[14:52] {cujo} tough crowd

[14:52] {Threei}  ummm... which actually should be a disturbing for you

[14:52] {nemo} I liked it too.  My sense of humor is not very popular

[14:52] {nemo} actually wished I'd thought of it.

[14:53] {Threei}  overall, my sense of humor isn't far from that of 13 years old... you know, cake in the face, fall in puddle kind of fun

[14:54] {nemo} steel toe boots seem to be in there also

[14:54] {Threei}  totally

[14:54] {KSystems} ALNY out rest +.22

[14:55] {cujo} good trade KS

[14:55] {KSystems} ty

[14:55] {cujo} lets get this COLM going...

[14:55] {Threei}  (US) TREASURY SEC GEITHER: US WAS "A LITTLE SLOW" IN ELEVATING POLICY RESPONSE TO CRISIS, KEEPING MISTAKES MADE BY JAPAN IN RESPONSE TO CRISIS IN MIND

[14:55] {KSystems} MTB out half +.40

[14:56] {nemo} guess I shoulda' taken that short

[14:56] {Threei}  yeah... I couldn't make up my mind on that

[14:57] {Threei}  it was the same market setup as 14:20 - 14:35,

[14:57] {nemo} I know this is training wheel crap but FAZ technicals were getting stronger and SPY was looking topheavy

[14:57] {Threei}  and that one resolved into spike

[14:59] {Threei}  huh

[14:59] {Threei}  REPORTS SUBARU JAN US SALES 12,200 V 11,300 Y/Y (+8%)

[15:00] {nemo} exception that proves the rule.  Subaru is the little dot in the Yin/Yang symbol

[15:00] {larisa} had 3 Subarus in my US life, good car

[15:01] {nemo} So, you're 3 subarus old?

[15:01] {larisa} stuck on the last one, yes

[15:02] {nemo} My grandmother was 29 until the day she died

[15:02] {larisa} :)

[15:02] {Threei}  which model?

[15:02] {Threei}  car, not nemo's grandma

[15:03] {cujo} subaru, rolls royce and mini were only 3 cars to see increase in sales last year.. 

[15:03] {Threei}  mini is the car I don't understand at all

[15:03] {nemo} that BMW mini is neat.  You can't fit in it probably

[15:03] {larisa} latest one ? impreza. small one, you will not like it

[15:03] {cujo} yeah, for folks who live in congested cities.

[15:04] {Threei}  yeah, I am not a fan of small cars

[15:05] {cujo} http://www.smartusa.com/

[15:05] {cujo} you seen these?

[15:05] {larisa} lol

[15:05] {nemo} got a squirrel for an engine

[15:05] {Threei}  plenty of those here

[15:06] {Threei}  they looke like a toy

[15:06] {Threei}  but their owenrs swear by them

[15:08] {dino} rimm sm l .20

06[15:09] * KSystems kicks COLM with something big that has sharp edges

[15:09] {cujo} heard they are dangerous. 

[15:10] {Threei}  smart cars?

[15:10] {cujo} y

[15:10] {Threei}  they actually rate very well

[15:10] {cujo} really?

[15:10] {KSystems} COLM out half +.18

[15:10] {Threei}  in crash tests, yeah

[15:10] {nemo} they're tiny so they're inherently more dangerous

[15:10] {cujo} nice one KS

[15:11] {dino} yeah, when my durango hits that, i just go over it

[15:11] {Threei}  to me, real danger of them lies in good chance they will be sent flying if semi passes by with good speed, lol

[15:11] {KSystems} thanks for THAT practise Vad

[15:11] {cujo} or u lose it in sofa...

[15:11] {nemo} Don't laugh.  I was with a friend in an MR2 some 20 years ago. Semi blew us right off the road

[15:12] {Threei}  or, if you leave it on the stgreet overnight during snowfall, you'll find it in the spring only

[15:12] {Threei}  in kicking ks?

[15:12] {KSystems} MTB out rest -.02

[15:12] {KSystems} yep

[15:13] {magoo} vad..u reading amzn into close ?

[15:14] {magoo} thinkin 64 in the cards

[15:16] {magoo} talk to me goose

[15:17] {Threei}  well

[15:17] {Threei}  worth a try

[15:17] {magoo} sigth

[15:18] {Threei}  let it pullback into .50

[15:18] {magoo} already in .25 out ,69

[15:18] {cujo} magoo, +.30 AMZN, thanks. 

[15:19] {magoo} ill reload

[15:19] {Threei}  market feels like staging one more pullback, then ramp up into close

[15:20] {Threei}  +160

[15:20] {Threei}  can we make 140 more in the next 40 min?

[15:20] {larisa} 120 less

[15:21] {Threei}  no way... we have 64 to tag on AMZN

[15:21] {larisa} market do not talk to me though, i am not that special :)

[15:23] {magoo} 64 easy

[15:24] {magoo} KICKIN

[15:25] {magoo} out .94

[15:25] {Threei}  knock knock

[15:25] {larisa} nice

[15:25] {tomg} me too, ty magoo

[15:25] {Threei}  out 64.02

[15:25] {Threei}  what do you know... life becomes brighter and brighter

06[15:25] * magoo slaps &Threei around a bit with a large with discust cause had to BEG u to look at iyt

[15:25] {Threei}  STT, FAS short and two AMZN trades made the day

[15:26] {tomg} received my material today, ty vad

[15:26] {cujo} BVO?

[15:26] {magoo} 15:14] {magoo} thinkin 64 in the cards

[15:26] {tomg} BEst VAlue offer, yes

[15:27] {Threei}  cool beans tom

[15:27] {Threei}  I am sure you'll enjoy it

[15:27] {tomg} i'm sure I will, looks great

[15:27] {Threei}  raise your hands who didn't

[15:27] {magoo} did u read your slsap?

06[15:27] * Threei unholsters the trout

[15:27] {Threei}  mags... you assume I can read

[15:28] {cujo} can't confirm, but i think you can hear Vad lighting cigarette in Scalp course.  True False?

[15:28] {Threei}  lol, yes, there is a Zippo click at some point

[15:28] {tomg} just opened it :)

[15:28] {cujo} ha ha ha 

[15:28] {nemo} you're also pouring coffee

[15:28] {dino}  out rimm .60, +.40

[15:29] {Threei}  wtg dino

[15:29] {cujo} nice trade dino

[15:29] {Threei}  and the moment when phone rings, right in the middle of the trade

[15:29] {Threei}  I actually had to edit out two words I said when it range

[15:29] {Threei}  rang

[15:30] {hawkfan4} lol

[15:30] {dino} thx

[15:30] {Threei}  ruined integrity of "raw unedited material"... sigh

[15:30] {nemo} Mmmmmh...dump coming?

[15:31] {Threei}  50/50 nemo

[15:31] {Threei}  can continue just as well

[15:31] {larisa} usually when i say +45 and dino/vad +300 we end up at +200

[15:31] {Threei}  averaging out?

[15:31] {dino} i said to magoo at lunch, +200

[15:32] {larisa} you did not tell me, i would edit my +45 then :)

[15:32] {Threei}  to what?

[15:32] {larisa} to +200 :)

[15:32] {magoo} AMZN read here??

[15:32] {Threei}  lol

[15:32] {dino} 3:40 approaching

[15:33] {Threei}  none mags

[15:33] {Threei}  totally market dependent

06[15:33] * magoo slaps &Threei around a bit with a large scalping course

[15:33] {KSystems} DFG hl s .26 stop .42

[15:33] {Threei}  sriously, I wouldn't risk AMZN here

[15:33] {Threei}  action can become quite hectic on last 20 minutes

[15:34] {Threei}  and AMZN will be too fast for proper risk control

[15:34] {dino} risk is our business

[15:34] {cujo} so still any chance of a setious pullback for bounce play or too close to close as well?

[15:34] {KSystems} COLM rest out -.02

[15:34] {nemo} cute Dino

[15:34] {Threei}  why, we are pulling back a bit

[15:35] {nemo} back to the "dumb as I look...nobody can be that dumb" comment

[15:35] {Threei}  FAS is scalp candidate on these last 20 min moves

[15:35] {Threei}  just dropped 20 cents in one breath

[15:35] {dino} tech

[15:35] {KSystems} DFG out half +.11

[15:39] {KSystems} DFG out rest -.04

[15:41] {magoo} took amzn crossover here

[15:42] {Threei}  watching FAS for quick dive into .70 or under

[15:42] {nemo} to .60 or .65?

[15:42] {Threei}  .71

[15:42] {magoo} no work

[15:42] {Threei}  stop under .65

[15:44] {KSystems} NQ sc s 1213.50 - 1211.25

[15:44] {Threei}  not holding

[15:45] {nemo} no testing 60

[15:45] {Threei}  BCON

[15:45] {Threei}  IGNS CONTRACT WITH U.S. NAVY VALUED AT UP TO $3 MILLION

[15:46] {Threei}  crap, missed reentry FAS posting BCON news, lol

[15:47] {nemo} I don't know about that, FAZ isn't doing it's typical keel over

[15:48] {nemo} hate this time of day

[15:51] {KSystems} OK i'm flat and done for the day

[15:51] {KSystems} thank you everyone

[15:51] {Threei}  take care ks

[15:51] {cujo} see ya KS

[15:51] {nemo} bis nacher

[15:51] {larisa} bye :)

[15:52] {dino}   cya ks

[15:56] {dino} out t .40, +.30

[15:57] {dino} tech bloody

[15:58] {Threei}  non-eventful ending

[15:58] {dino} out beav .23 +.23

[15:58] {Threei}  market didn't fufill neother mine or larisa expectations

[15:58] {Threei}  +150 DJI

[15:59] {Threei}  ok guys, nice day after all

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a good evening

[15:59] {cujo} have a good one. 

[15:59] {Threei}  see you tomorrow

[15:59] {nemo} TY GN P&Q

[15:59] {larisa} see you guys

[15:59] {patience} thanks vad

[16:00] {dino} thx all

[16:00] {magoo} ty all

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