Feb 10 2009

Got a resfreshment on TARP I? Almost exact repetition of what happened back then. Fortunately, we made our winning trades early in the morning and largely sat out sharp unreadable spikes in the aftrenoon. Still, got some little scalps here and there, especially on FAS. 

Session Time: Tue Feb 10 00:00:00 2009

[08:04] {magoo} kkhhfekfakefhiekekjfhhea

[08:04] {Threei}  certainly

[08:04] {Threei}  good morning

[08:05] {magoo} is laser up and running..couldnt log in

[08:05] {Threei}  yes

[08:06] {Threei}  FAS sold off after market to 10.80s... shrugged and picked up 1500 shares

[08:06] {Threei}  it just didn't look right to me

[08:06] {magoo} ok..in now

[08:06] {magoo} fas..nice

[08:07] {Threei}  with Geithner plan coming

[08:07] {Threei}  gap seemed no brainer

[08:08] {Threei}  sold 1000

[08:08] {magoo} there are 2 themes out there currently...a sell the news reaction to events {as in todays announcemt} and the other that we are basing..holding..and due for a bear mkt rally for few months

[08:09] {Threei}  so very true

[08:09] {Threei}  my personal feeling, it's both

[08:09] {Threei}  initial reaction is sell the news as in shake out weak hands

[08:10] {Threei}  scare those who is not convinced yet

[08:10] {Threei}  then proceed with mind-boggling rally

06[08:10] * nemo says good morning

[08:10] {Threei}  nemo :)

[08:10] {hawkfan4} good morning

[08:11] {Threei}  hawk :)

[08:11] {Threei}  out 200 more .27

[08:11] {Threei}  300 left

[08:11] {hawkfan4} bac

[08:11] {Threei}  with stop under .20

[08:11] {nemo} figures I take a little nap after my morning sojourn...STUPID!!!

[08:12] {hawkfan4} making the early morning money, nice

[08:12] {elepet} good morning. 

[08:12] {magoo} sounds reasonable vad

[08:12] {Threei}  elepet :)

[08:13] {Threei}  look at this end of day and after market selloff on FAS

[08:13] {Threei}  what was that other than shakeout?

[08:13] {Threei}  anyone could seriously suggest that Geithner comes out and says, nah we are not going to do anything for banks?

[08:13] {Threei}  or that his proposal would be harmful for them?

[08:14] {Threei}  selling AFTER the plan announcement, OK, fine

[08:14] {Threei}  that I can understand

[08:15] {Threei}  butthat smackdown was nothing other than a gift

[08:15] {Threei}  BALTIC DRY BULK INDEX 8.8%, 16TH STRAIGHT INCREASE

[08:15] {Threei}  thought of taking DRYS home also and decided against it

[08:16] {Threei}  I mean, 15 increases in a row... odds get stacked against

[08:16] {hawkfan4} me too, i bot it at .58 and ditched it even in the after hours

[08:16] {Threei}  a bit high... we had .40 entry on it

[08:17] {hawkfan4} yeah, i took the scalp on that one

[08:17] {Threei}  :)

[08:17] {Threei}  that was one weird trade

[08:17] {Threei}  wait... peter is not here, I can say "wierd"

[08:18] {hawkfan4} lol

[08:19] {Threei}  thought of taking 5K FAS... risk control considerations of course kept me from it

[08:19] {Threei}  too bad, daty would be largely done, lol

[08:19] {Threei}  day

[08:20] {hawkfan4} You see HIG drop in after hours?

[08:20] {Threei}  yes but never found any reason for that

[08:20] {Threei}  there were cuts to rating

[08:21] {Threei}  but heck... these days it's not really a reason, lol

[08:29] {cujo} good morning

[08:29] {Threei}  cujo :)

[08:29] {nemo} ruff!

[08:30] {cujo} arf arf...

[08:31] {cujo} can't believe they canceled House last night for presidents speech...

[08:32] {nemo} arf arf?  Thought you were a rabid Saint Bernard, not a toy poodle!

[08:32] {cujo} ehh, its early.  

[08:32] {cujo} still waking up.  

[08:41] {Threei}  couple days ago SIRF appeared on a scanner,

[08:42] {Threei}  I looked, thought daily had this "bottom is in" look

[08:42] {Threei}  but it obiously was not a day trade

[08:42] {Threei}  and I had not much appetite for a swing trade on it

[08:42] {Threei}  too bad, lol

[08:43] {hawkfan4} wow, i didn't know it went that low

[08:43] {Threei}  yeah, quite amazing

[08:44] {Threei}  but look at GRMN

[08:44] {Threei}  formerly $70-80

[08:45] {Threei}  speaks volumes about the industry situation

[08:45] {Threei}  and if no hot demand for GRMN products, what's SIRF to do

[08:46] {Threei}  what time does Terrific Tim speak?

[08:47] {hawkfan4} i think 11 et

[08:47] {Threei}  ty

[08:47] {hawkfan4} not sure i read it right tho, checking

[08:49] {cosmo} i think its 'Tim Terrific'.....

[08:50] {Threei}  as in Ivan the Terrible?

[08:51] {nemo} Ivan the Strict?

[08:51] {cosmo} no .... an old time cartoon protagonist.... called tom terrific

[08:51] {hawkfan4} yep 11 

[08:53] {Onix} Good moring all

[08:55] {Threei}  onix :)

[08:58] {Threei}  FAS is right back into my yesterday's entry, lol

[08:58] {Threei}  illustrates the idea "if you bought for a gap, take the gap"

[08:59] {nemo} going for "twice is twice

[08:59] {Threei}  not sure

[08:59] {Threei}  I'll leav it alone for now

[09:04] {Threei}  DRYS is back

[09:04] {_bobv} good morning

[09:04] {Threei}  bobv :)

[09:05] {Threei}  FAS still hasn't found bottom

[09:05] {Threei}  am I glad I dumped it into morning gap

[09:06] {KSystems} morning!

[09:06] {Threei}  ks :)

[09:06] {nemo} Gruess Gott

[09:07] {KSystems} now THATS a cool nick

[09:08] {nemo} What's a cool nick?

[09:09] {KSystems} [15:07] * _ has joined #discussions

[09:10] {Threei}  lol

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:10] {KSystems} wow....oil's up today

[09:11] {magoo} back

[09:11] {magoo} nice out FAS vad

[09:11] {nemo} Hi Magus

[09:11] {Threei}  ty... not rushing back in

[09:12] {magoo} nemo:0

[09:12] {Threei}  not sure I understand what's happening here

[09:12] {magoo} yeah..this pullbk kinda goes against intial thoufgts

[09:12] {nemo} Bet your wife says that alot about you

[09:13] {Threei}  not lately... she decided it's not even worth a breath

[09:13] {nemo} Eh...everybody knows Geithner's coming, FAS has been running up.  Remember when Congress passed the first bail out.  When the act passed...look out beeeeelllllloooowwwwwww

[09:15] {Threei}  yes... but that was after

[09:15] {Threei}  this dump begings way too early

[09:15] {magoo} if mkt reacts badly vad...FAZ may be the ticket

[09:15] {Threei}  FAS is shortable

[09:15] {nemo} It's only a couple of hours before Geithner speak.  I remember things started getting creaky late morning

[09:15] {nemo} FAS oesn't show up as shortable to me

[09:16] {cosmo} it only has 3 letters...

[09:16] {nemo} and that means...what?

[09:16] {Threei}  ?

[09:16] {cosmo} ...sorry

[09:17] {Threei}  wehat do you mean doesn't sahow as shortable?

[09:17] {Threei}  just enter sell order solidly above the market

[09:17] {Threei}  11 or higher

[09:17] {nemo} Well...my setting make it so that any "shortable" equity appears in red.  I ain't got no read for FAS

[09:17] {nemo} read=red

[09:18] {nemo} got a DB?

[09:18] {Threei}  in laser?

[09:18] {nemo} in LASER, da.

[09:18] {Threei}  I didn't even know such setting existed, lol

[09:18] {Threei}  enter order

[09:18] {nemo} I'm not as dumb as I look.

[09:18] {Threei}  it ghoes through

[09:19] {nemo} LevelII}Trading Settings}Level II Style   bottom right hand box

[09:20] {magoo} its avail laser, but hey, FAZ could go to 50

[09:20] {Threei}  I have no idea what that setting means

[09:20] {Threei}  not sure you read it right

[09:20] {Threei}  but FAS is shortable

[09:21] {nemo} Well, wouldn't be the first time today I was wrong

[09:21] {Threei}  day goes well so far eh? :)

[09:21] {Threei}  HIG is solidly down

[09:22] {Threei}  be back in 5

[09:23] {dptl} good morning all

[09:24] {Onix} hi dp

[09:24] {dptl} :)

[09:25] {cosmo} VPHM

[09:26] {magoo} im gonna go smoke with vad..brb

[09:27] {Threei}  dp :)

[09:27] {Threei}  just a thought:

[09:27] {Threei}  maybe too many clued in on the pattern of trading during first TARP,

[09:27] {Threei}  and pattern reverses now,

[09:28] {Threei}  selling before the stimulus/TARP II, and ramp up after passage

[09:28] {Threei}  as it happens when pattern gets overexploited

[09:29] {nemo} So we sit for a few...

[09:29] {Threei}  I think so

[09:29] {ese} morning.....

[09:29] {Threei}  ese :)

[09:29] {Threei}  let's skip first minutes

[09:29] {Threei}  see what transpires

[09:30] {ese} was out NUAN yesterday even at the end of the day.....it did nothing

[09:30] {Threei}  prepare half lot HIG just in case we get sharp selloff

[09:33] {dino} pfg blood

[09:33] {Threei}  pullback is coming

[09:34] {Threei}  watching for entry FAS under .60 if holding .50, HIG around 14

[09:35] {Threei}  half lot HIG

[09:35] {cujo} in .06 HIG

[09:35] {Threei}  in .06

[09:35] {Threei}  half out .23

[09:36] {cujo} out .25

[09:36] {Threei}  missed FAS

[09:36] {dino} cat sm l .00

[09:37] {ese} L NTAP .09 sm

[09:37] {Threei}  out HIG in full .38

[09:37] {cujo} nice call.  Thanks Vad. 

[09:37] {Threei}  welcome

[09:42] {ese} out ntap .19 +.10  quick hit

[09:42] {Threei}  nice morning warm-up

[09:42] {buyemsellem} indeed

[09:43] {Threei} Long Setup:  STT  .80 break smaller shares, if holding above .60

[09:46] {Threei}  INTC

[09:46] {Threei}  CNBC'S : PLANS TO HIRE 7K HIGH WAGE WORKERS FOR $7B INVESTMENT PLANT

[09:46] {dino} ndx green

[09:46] {dino} comp too

[09:47] {magoo} in out STT out .94

[09:47] {magoo} TY

[09:47] {Threei}  1:1 STT

[09:47] {Threei}  half out

[09:48] {Threei}  stop under .75

[09:48] {Threei}  out in full.36

[09:49] {Threei}  +.54 or so

[09:49] {Threei}  wow, top-ticked it

[09:49] {nemo} How's the arm?

[09:49] {Threei}  rarely happens to me

[09:49] {nemo} more than twice a day?

[09:49] {Threei}  I am traditionally "out too soon"

[09:50] {nemo} not touchin' that one.

[09:50] {magoo} lok at my exit ..sigh

[09:52] {dino} wmt sm l .70

[09:55] {Threei}  feels like deeper pullback is coming

[09:58] {Threei}  one more sharp step down, IMO

[09:58] {Threei}  then bounce

[09:58] {Threei}  in terms of QQQQ, drop to .40

[09:59] {hawkfan4} cosmo, nice heads up VPHM

[10:00] {Threei}  DEC WHOLESALE INVENTORIES: -1.4% V -0.7%E

[10:00] {Threei}  - prior revised from -0.6% to -0.9%

[10:00] {Threei}  FEB IBD/TIPP ECONOMIC OPTIMISM INDEX: 44.6 V 44E

[10:00] {Threei}  economic optimism?

[10:01] {Threei}  okay then

[10:01] {nemo} It's relative. Like Braveheart...you have a choice of decapitation or disembowlement

[10:02] {dino} ahhh, now i understand

[10:06] {Threei}  price chart shapes up for upward thrust, but volume does not

[10:07] {Threei}  high odds of a trap, staying away

[10:09] {Threei}  REPORTEDLY, FUNDING FOR BAILOUT PACKAGE TO BE A LOWER END OF RANGES, FORECLOSURE MITIGATION MAY BE NEAR $50B V $50-100B PRIOR - UNCONFIRMED REPORT

[10:09] {Threei}  - $100B may be provided towards 'bad bank' public-private partnership

[10:09] {Threei}  - $100B for capital injections for banks

[10:09] {Threei}  - $100B to go towards expansion of TALF from $200B (expectations prior were to move TALF towards the $500B- $1T level)

[10:09] {nemo} Isn't 350 billion still left over from the first act?

[10:10] {Threei}  who is counting

[10:10] {Threei}  trillion here, trillion there

[10:12] {Threei}  trap that was

[10:13] {nemo} Not my point...they haven't even used the second half-of the first, and they're already appropriating the second under a sky is falling scenario...is the sky falling?  This thing is a typical spending bill drawn out over 10 years.  So either Congress can't write anything but their typical bill, or might there be a belief things are not as bad as they seem, but if we scare the manure out of them, we can 

[10:13] {nemo} throw more debt on their backs

[10:13] {ese} your hard earned tax dollars at work nemo......

[10:14] {nemo} ese dcc

[10:14] {fernp} BAC

[10:14] {Threei}  my understanding is, that ws about second half of that priginal 700B

[10:14] {nemo} yeah...and it hasn't been used

[10:14] {Threei}  so, that comment was about how they intend to use it

[10:15] {Threei}  what's wit BAC?

[10:16] {hawkfan4} no idea

[10:16] {fernp} no news here

[10:16] {Threei}  none here either

[10:18] {Threei}  starting to get interested in HIG again

[10:18] {Threei}  not enough of interest for entry yet

[10:18] {Threei}  has more downside

[10:19] {Threei}  prepare half lot

[10:19] {Threei}  sharp drop into 13.30 area feels to be it

[10:20] {Threei}  FAS, one more leg down and should be bounce-wrothy

[10:20] {magoo} mkts down 85

[10:22] {Threei}  FAS, in

[10:22] {Threei}  stop under .05

[10:23] {Threei}  out

[10:23] {Threei}  -.07

[10:23] {Threei}  grrrr. shake

[10:25] {magoo} gettin ugly out there

[10:25] {Threei}  HIG is ready for a drop

[10:25] {nemo} lookin in the mirror again Mags?

[10:26] {Threei}  actually, holding rather well, HIG

[10:27] {Threei}  .60 break smaller shares

[10:27] {Threei}  stop under .40

[10:28] {Threei}  under .45 is more precisehalf out

[10:28] {Threei}  umm

[10:28] {Threei}  half out

[10:28] {hawkfan4} vphm .25, stop .19

[10:29] {Threei}  scalpers take full

[10:33] {KSystems} livia!

[10:33] {KSystems} welcome ;)

[10:34] {Threei}  HIG, stop for the remaining shares to .55

[10:34] {Threei}  looking for exit above .90

[10:35] {dino} celg sm l .64

[10:35] {_livia} 'morning !

[10:35] {nemo} it's "whacka mole" trading until we get past Geithner

[10:36] {Threei}  hi livia, welcome

[10:36] {Threei}  lol nemo

[10:36] {dino} welcome liv

[10:37] {Threei}  so far so good... 3 out of 4, backing off a bit and watching how market reacts on Terrific Tim

[10:38] {nemo} see if FAS DBs

[10:38] {hawkfan4} GS big drop

[10:40] {Threei}  want a scary trade?

[10:40] {hawkfan4} kinda

[10:40] {cujo} sure why not?

[10:40] {Threei}  if market drops sharply, HIG .50 breakdown short

[10:41] {Threei}  smaller shares, .65 - .70 zone is a stop/invalidating level

[10:41] {dino} what time does the announcement/press start

[10:41] {dino} 11 or 12?}

[10:41] {Threei}  about 20 min from now, dino

[10:41] {dino} ty

[10:43] {cujo} you going to try this one Vad?

[10:45] {Threei}  took .49, got just 300 shares though, lol

[10:45] {Threei}  not going to add

[10:46] {cujo} yeah im in at .46

[10:46] {Threei}  either this miniscule position works, or I don't care much about stop of this magnigtude

[10:47] {Threei}  out

[10:47] {cujo} out

[10:48] {Threei}  about 15 min till Tim speaking

[10:52] {Threei}  what is killing DRYS today?

[10:54] {hawkfan4} egle, ocnf, gnk, all down today 10%

[10:57] {hawkfan4} stopped vphm -.06

[11:00] {nemo} maybe that financing deal for DRYS wasn't so good

[11:00] {Threei}  US TREASURY'S GEITHNER: FED TO EXPAND TALF TO $1T

[11:00] {Threei}  FAS spike

[11:01] {Threei}  TALF EXPANSION TO BE FUNDED BY TARP

[11:01] {Threei}  TOXIC ASSETS RELIEF FUND TO START AT $500B, COULD REACH $1T

[11:02] {Threei}  FAS pullback worth trying, keep it half lot

[11:02] {Threei}  under .50

[11:04] {Threei}  sharper drop is coming

[11:04] {Threei}  if you are scalping these moves, be quick

[11:05] {Threei}  if caught FAS, take scalp here

[11:05] {Threei}  let it pull back again

[11:05] {hawkfan4} whew, out .64

[11:06] {Threei}  - Public private fund will focus on legacy loan assets.

[11:06] {Threei}  - Notes that the TALF expansion will be assisted by funds from TARP by US Treasury; Fed TALF expansion would be in consultation with the Treasury. TALF collateral could include AAA commercial mortgage backed securities, mortgage backed securities and other asset backed securities.

[11:06] {Threei}  good move hawk

[11:06] {dino} markets not pleased

[11:06] {Threei}  no

[11:06] {dino} celg stopped

[11:06] {Threei}  BAC big down

[11:06] {nemo} AAA  ZZZ what's the difference?

[11:07] {Threei}  so's FAS

[11:07] {nemo} wow FAZ jumpe $2

[11:08] {nemo} $3

[11:08] {Threei}  EQUITY MARKETS SLIDE AS GEITNER RELEASE IS SHORT ON DETAILS, NOTES THAT TREASURY IS STILL WORKING OUT MECHANICS OF SEVERAL PROGRAMS

[11:09] {Threei}  I guess Tim wasn't so terrific after all eh?

[11:09] {nemo} details?  oy...

[11:09] {hawkfan4} Tim the Terrible

[11:10] {Threei}  OK... FAS 10 break long half lot if holding above .85 - .90

[11:10] {Threei}  keep stops as if your very life depended on it

[11:10] {Threei}  and don't touch these bounces unless willing to try a few times

[11:11] {nemo} of course my quotes screw up...

[11:12] {Threei}  no worky

[11:13] {Threei}  BAC is not making new lows with FAS

[11:13] {cujo} my system experiencing extreme slowness

[11:13] {cujo} market order took 5 sec to execute

[11:13] {hawkfan4} mine too, had to close esignal

[11:14] {Threei}  as if need quotes

[11:14] {nemo} hehehe

[11:14] {Threei}  runs fine here

[11:14] {nemo} yeah me too

[11:14] {dino} ok here

[11:15] {Threei}  that was "ask" if need quotes

[11:15] {dino} no mark to market changes

[11:15] {dino} ?

[11:15] {Threei}  no mention

[11:15] {cujo} got ya.  Quotes good on my side.  Execution was not so nice. 

[11:16] {Threei}  bad bank and mtm was what market wanted I'd guess

[11:16] {Threei}  HOUSE MAJORITY LEADER: STIMULUS NEGOTIATIONS COULD STRETCH INTO NEXT WEEK

[11:16] {Threei}  yikes

[11:17] {Threei}  anyone went for BAC?

[11:17] {dino} m2m was a big one

[11:17] {nemo} nah...that's a good thing.  They've got $350 billion to play with from the first act

[11:17] {Threei}  - Note that Senate passage of the Obama administration's stimulus bill is expected this afternoon. After passage of the Senate verision, House and Senate negotiators must reconcile the two bills in conference.

[11:19] {dino} that bill is nonsense waste, better to keep putting it off

[11:20] {patience} in crude etf HOU

[11:21] {Threei}  second break on FAS worked

[11:21] {dino} vz sm l .60

[11:23] {Threei}  pullback entry on FAS under 10.10, on BAC around .20-.30

[11:23] {Threei}  no way to give more precise prices

[11:25] {Threei}  in .05

[11:25] {Threei}  stop under .90

[11:25] {Threei}  BAC is coming there

[11:27] {Threei}  had sell FAS at .15, it topped out at .14

[11:27] {Threei}  US GEITHER: TO ANNOUNCE PLANS ON MORTGAGE FORECLOSURE PROGRAM WITHIN NEXT FEW WEEKS

[11:27] {cujo} yeah out .13

[11:28] {cujo} still a 1:1

[11:28] {dino} lncr

[11:30] {Threei}  market hates him

[11:31] {nemo} in the long run, that might be good economically

[11:31] {magoo} a sell the news

[11:31] {Threei}  it rather looks to me "we didn't get the kind of news we wanted"

[11:32] {nemo} It's my ball and bat, I'm going home!

[11:32] {dino} the big bounce last week was the talk of easing or suspending m2m

[11:32] {dino} we did not get it

[11:32] {nemo} so the banks are porked

[11:33] {dino} an accounting rule change 12 months ago is ruining the worlds' banking system

[11:33] {nemo} well CDO's that require the Rosetta Stone to figure out what's inside arent helping either

[11:34] {dino} they are still worth the discounted cash flows, not the current market, as there is no current buyer

[11:34] {nemo} well, at least DRYS looks like it's trying to bottom

[11:34] {Threei}  FAS is getting overextended here

[11:34] {Threei}  .30 break witgh stop under .20

[11:35] {Threei}  invalidated

[11:35] {nemo} corresponding volume on FAZ isn't hitting capitulation

[11:36] {Threei}  look at BAC

[11:36] {Threei}  sheer panic

[11:36] {nemo} Just like after TARP

[11:38] {Threei}  time for snapback

[11:39] {dino} not yet, imo

[11:40] {dino} neg. b-day coming

[11:40] {Threei}  in FAS with stop under 8.90

[11:40] {Threei}  got 9

[11:41] {Threei}  half out .22

[11:41] {Threei}  BAC .80 break

[11:41] {Threei}  stop .65

[11:42] {cujo} in .81

[11:44] {Threei}  half out

[11:44] {cujo} out .90

[11:45] {Threei}  out FAS in full .29

[11:45] {dino} mcd sm l .25 stop .96

[11:48] {Threei}  probably another leg down is coming

[11:48] {Threei}  not sure this time is worth trying for bounce

[11:48] {Threei}  I'll sit it out

[11:49] {hawkfan4} VPHM .06 stop .99

[11:50] {nemo} let's see...two strong up days Thurs. Fri., mixed yesterday, down today makes sense

[11:59] {dino} 7845-8314 new range it would seem

[12:01] {dino} wynn wants gap fill from thurs. close

[12:03] {Threei}  6 break BAC worth a try

[12:03] {Threei}  if holding above .85

[12:04] {cujo} Vad, on 5 min, is FAZ forming a flag?

[12:04] {Threei}  which of them? :)

[12:04] {nemo} faz

[12:04] {Threei}  which flag? bear or bull

[12:04] {cujo} sry, not too familiar with flags yet.  Just remember a previous call you had made

06[12:05] * dino slaps cujo around a bit with a large trout

[12:05] {dino} :)

[12:05] {cujo} ;)  

06[12:06] * dino slaps magoo around a bit with a large trout

[12:06] {nemo} just outta' curiosity, why trout?

[12:06] {dino} thought i heard him snoring

[12:07] {nemo} why not salmon, or mackeral, flounder?

[12:07] {dino} never updated nemo, i'm lazy

[12:07] {nemo} I thought there was something deeper :(

[12:08] {Threei}  (US) US TREASURY'S GEITHNER: LESSONS OF THE PAST ARE THAT GOVERNMENTS TEND TO UNDERESTIMATE THE COST OF FINANCIAL CRISES - CNBC INTERVIEW

[12:08] {dino} nah, i keep things simple

[12:08] {Threei}  is it a hint "we will be back for more"?

[12:08] {dino} not much going on in my head

[12:08] {nemo} I've got stuff falling off my head...

[12:11] {dino} you know, i think the lessons are that the regulators did not do their job

[12:12] {Threei}  yeah but at that point in time Tim played for the other team {G}

[12:12] {dino} of course

[12:12] {magoo}  Tim played for the other team {G}????

[12:12] {magoo} gAY??

[12:13] {nemo} Mags....

[12:13] {nemo} Vad...you know better than that

[12:14] {Threei}  if BAC triggers, won't be a scalp for me

[12:17] {Threei}  serious digestion here

[12:17] {Threei}  or should I say indigestion

[12:23] {Threei}  TREASURY'S GEITHNER: A STRONG DOLLAR IS IN THE BEST INTEREST OF THE US - NBC INTERVIEW

[12:23] {Threei}  do I see ghost of mr Snow?

[12:24] {Threei}  US ECONOMIC STIMULUS BILL PASSES SENATE PROCEDURAL VOTE

[12:27] {magoo} pretty ugly when america has even given up on the golden arches

[12:35] {Threei}  eerily quiet

[12:39] {Threei}  no way to tell which way this standoff resolves

[12:39] {Threei}  sitting it out

[12:39] {Threei}  US SENATE PASSES STIMULUS PLAN

[12:39] {nemo} just waitin' in the weeds, huh Vad?

[12:44] {magoo} dip buyers should give it a try 

[12:47] {hawkfan4} watching FAS for .11 break, stop 8.90

[12:49] {hawkfan4} in .13

[12:50] {Threei}  US TREASURY'S GEITHNER: NO FINAL JUDGEMENT HAS BEEN MADE ON WHETHER CHINA IS A CURRENCY MANIPULATOR OR NOT

[12:50] {Threei}  - Note that the next Treasury report determining currency manipulators comes out in April.

[12:50] {Threei}  sounds like threat

[12:51] {hawkfan4} stop to .99

[12:51] {nemo} nice hawk

[12:51] {dino} sm l fdo .90

[12:52] {hawkfan4} thx

[12:52] {Threei}  TREASURY OFFICIAL: US WILL PROVIDE LONG-TERM CAPITAL FOR US INSTITUTIONS TO BUY DISTRESSED AND TOXIC ASSTES

[12:52] {nemo} still watching the BAC trigger, VAD?

[12:52] {Threei}  too bad I am not a US institution... I would love nothing more to buy some toxic assets

[12:52] {Threei}  no

[12:53] {Threei}  6 is way too far from here

[12:53] {Threei}  need whole new consolidation

[12:55] {dino} cnbc getting serious now

[12:55] {nemo} Ironic Headline:  Bloomberg

[12:55] {nemo} Bloomberg Anywhere

[12:55] {nemo} Updated:  New York, Feb 10 12:54

[12:55] {nemo} London, Feb 10 17:54

[12:55] {nemo} Tokyo, Feb 11 02:54

[12:55] {nemo} Search

[12:55] {nemo} Symbol Lookup

[12:55] {nemo}

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[12:56] {hawkfan4} what are they saying dino?

[12:56] {nemo} sorry, it grabbed more than I thought

[12:57] {dino} sports illustrated swimsuit issue pictures

[12:57] {hawkfan4} lol

[12:57] {nemo} ahhh...no

[12:58] {Threei}  REMINDER: FED CHAIRMAN BERNANKE TO TESTIFY BEFORE A HOUSE COMMITTEE REGARDING THE FED'S LENDING PROGRAMS

[12:58] {dino} i guess another form of stimulus

[12:58] {nemo} subtle

[12:59] {Threei}  HIG may be interesting here if market starts creeping up

[12:59] {Threei}  .40 long if holding above .25

[13:00] {Threei}  FED'S BERNANKE: AMPLE LIQUIDITY FROM THE FED IS NOT A PANACEA

[13:02] {nemo} Oh no: J&J Ejaculation Pill, Worlds First, Wins European Approvals 

[13:05] {hawkfan4} stopped fas -.14

[13:08] {Threei}  - Fed funds rates have hit an "effective floor."

[13:08] {Threei}  - Encouraged by the market response to new liquidity instruments.

[13:08] {Threei}  - The commercial paper program has been successful.

[13:08] {Threei}  - Urges the creation of a special regieme for aiding at risk firms.

[13:08] {Threei}  - Plans to review disclosure of details of Fed lending.

[13:09] {wulff} you still in palm, vad? add any?

[13:09] {Threei}  no

[13:09] {Threei}  I posted yesterday trailing the stop to under 8

[13:09] {wulff} i see

[13:10] {Threei}  and we had an exchange about adding

[13:10] {Threei}  let me find it

[13:10] {Threei}  [15:23] {cujo} Vad, PALM break above 8.15?

[13:10] {Threei}  [15:24] {Threei} not sure cujo

[13:10] {Threei}  [15:24] {Threei} PALM kind of take backseat in this battle of bills

[13:11] {dino} out mcd .11 -.14

[13:11] {wulff} saw it

[13:11] {Threei}  although it comes into possible buying point

[13:11] {Threei}  but I'd like to see market stabilizing first

[13:12] {Threei}  not delighted by the idea of initiating long position for a swing into dropping nervous market

[13:12] {dino} felt the same

[13:13] {Threei}  the more these guys jawbone it, the less confidence market has in them

[13:14] {nemo} that was a short visit by Larisa...what did you do, Dino?

[13:16] {dino} nothing, i swear

[13:17] {nemo} So, we're basically back to last Wednesday?

[13:20] {dino} stopped fdo -.32

[13:20] {nemo} WOW

[13:21] {Threei}  and still dropping

[13:21] {Threei}  wow FAS

[13:21] {nemo} stomach just hit my tonsils

[13:21] {Threei}  US INTERIOR SEC: DELAYS OFFSHORE DRILLING PLAN THAT WAS ENACTED IN THE WANING DAYS OF THE BUSH ADMINISTRATION

[13:21] {Threei}  - seeking a comment period

[13:21] {nemo} be nice, Dino

[13:22] {Threei}  PRU

[13:22] {Threei}  MOODY'S PLACES RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE

[13:22] {Threei}  - Review to focus on profitability and capital generation

[13:22] {dino} targets, 7845, 1199, 819

[13:23] {Threei}  GE

[13:23] {Threei}  CFO: NO LONGER USING FED'S COMMERCIAL PAPER FUNDING FACILITY, WORKING ENTIRELY IN OPEN MARKET

[13:24] {Threei}  -350

[13:26] {Threei}  another leg down is coming

[13:26] {Threei}  watching FAS

[13:27] {Threei}  too fast

[13:27] {Threei}  didn't really give a chance for double bottom entry

[13:27] {nemo} just that lone long tail

[13:27] {Threei}  IEA'S TANAKA: CURRENT OIL PRICE IS HELPING THE ECONOMIC RECOVERY; WILL LIKELY REVISE 2009 OIL FORECAST LOWER

[13:28] {Threei}  what recovery?

[13:30] {dino} uso 52 week low

[13:31] {larisa} wow, never leaving you again guys.

[13:31] {dino} aw shucks

[13:31] {Threei}  no kidding... Tim killed the market in your absence

[13:34] {wulff} XLE  half l .97

[13:35] {dino} ugh mcd and fdo much higher now

[13:36] {dino} sm l gild .45

[13:40] {dawg} Thanks Dino picked a ten cent scalp in GILD

[13:41] {dino} gj

[13:41] {dino} aPOL

[13:42] {Threei}  FED'S BERNANKE: 95% OF THE FED'S BALANCE SHEET IS EXTREMELY SAFE - Q&A

[13:42] {Threei}  - 5% has risk related to exposure to risk at big financial istitutions

[13:43] {nemo} Oh great, so there's only a 1 in 20 chance of a kaboom!

[13:48] {Threei}  glad we got our morning plays and cut down on activity after that

[13:49] {Threei}  avoiding yesterday's mistake

[13:49] {Threei}  would hate to fight for each cent in this mess

[13:50] {patience} exiting overnight hold of qid  +3.64

[13:50] {hawkfan4} aw cmon, this is lovely :)

[13:50] {Threei}  wtg

[13:50] {hawkfan4} wow, nice one

[13:50] {cujo} nice one patience

[13:50] {patience} took a guess

[13:50] {hawkfan4} good guess

[13:50] {cujo} good guess then...

[13:51] {patience} watch it's going to run this week, ahead of options expiry next week  lol

[13:51] {patience} i'm guessing, don't take me seriously

[13:52] {Threei}  too late

[13:52] {Threei}  I mortgaged out the house and bought all QID

[13:53] {patience} good, you're taking me to the bahamas with mrs. vad

[13:53] {Threei}  ummm... not if you guess wrong {G}

[13:53] {patience} trust me, i bought crude today   roflol

[13:53] {cujo} vad, will you miss any room time in Bahamas?

[13:54] {Threei}  a few days

[13:54] {Threei}  3 or 4

[13:54] {cujo} got it.. 

[13:57] {Threei}  FED'S BERNANKE: NOT ATTEMPTING TO 'PROP' UP HOME PRICES, GEITHNER PLAN WILL ENCOURAGE PRICE DISCOVERY

[13:57] {Threei}  anyone's scared of what they may discover?

[13:58] {Threei}  MICHIGAN SEN LEVIN: GM MAY MEET ITS FEB 17 RESTRUCTURING PLAN GOALS, A BANKRUPTCY FOR ANY AUTOMAKERS WOULD BE A 'NON STARTER'

[13:58] {_bobv} jajaja

[14:03] {wulff} went long palm .63 1 lot, a while ago

[14:03] {Threei}  wow DRYS

[14:03] {Threei}  is it planning to revist the low in 3s?

[14:04] {Threei}  NEW JERSEY REPORTS JANUARY CASINO REVENUES: ATLANTIC CITY CASINO REVENUE -9.4% Y/Y

[14:04] {hawkfan4} looks like it

[14:04] {Threei}  I'd say casinos fare much better than automakers

[14:04] {Threei}  FED'S BERNANKE: DEMAND FOR US TREASURIES REMAIN 'STRONG'

[14:05] {dawg} GILD scalp ty Dino +.12

[14:06] {dino} you dog you

[14:06] {dawg} .

[14:07] {Threei}  - believes Fed's losses from credit programs are likely very small, and profits from lending program will likely offset any losses.

[14:07] {Threei}  - says balance sheet increase has been carefully planned so that the Fed can eventually bring down the size of the balance sheet and begin raising interest rates as economic conditions improve.

[14:19] {cujo} USO just broke 52 week low

[14:19] {Threei}  - Wall Street has not responded well to the Treasury's announcement of its new Financial Stability Plan. More than one commentator has noted that there seemed to be more substance to the leaks coming out of the government overnight and earlier this morning that there was to Treasury Secretary Geithner's actual presentation. Before Geithner's 11amET announcement, the three leading US equity indices had been down modestly, roughly half a percent each.

[14:19] {Threei}  Shortly after the text of Geithner's speech was formally released stocks moved lower in unison with acceleration to the downside picking up following the conclusion of his remarks. Things have only gotten worse through the early afternoon. Shares of the biggest US banks have been hard-hit, with Goldman, JP Morgan and Morgan Stanley down more than 5%, Citi and WFC down more than 10% and Bank of America down more than 15%.

[14:20] {Threei}  - In his speech at the Treasury, Geithner seemed to indicate that whatever its final form, the administration is still working out the mechanics of how the Financial Stability Plan will work.

[14:21] {Threei}  feels like FAS is going to lose .50

[14:23] {dino} stability plan, lol. better off w/o it

[14:26] {dino} sm l uso, most likely swing .00

[14:28] {wulff} PLD ouch

[14:28] {Threei}  can you find anything that isn't ouch? :)

[14:29] {Threei}  except short ETFs

[14:29] {nemo} FAZ TZA

[14:29] {Threei}  {Threei} except short ETFs

[14:29] {patience} i still can't believe POT strength

[14:29] {nemo} in this environment, it's feeding off the call letters

[14:30] {Threei}  strength?

[14:30] {Threei}  what do I miss... it's down 1.30

[14:30] {Threei}  3.5 off day's high

[14:30] {patience} sorry, toronto is different, it's up 1.60

[14:30] {Threei}  wow, really?

[14:31] {patience} tsx stronger than u.s. exchanges

[14:31] {Threei}  FAS, if you believed me and shorted .50 break feel fee to cover

[14:32] {Threei}  US TREASURY SEC GEITHNER: CREDIT HAS SLOWED, AMERICANS HAVE LOST FAITH IN BANKING EXECUTIVES, JOB CUTS ARE ACCELERATING - CONGRESSIONAL TESTIMONY

[14:32] {Threei}  lost faith in banking executives?

[14:32] {Threei}  anyone ever had any?

[14:32] {cujo} long long time ago....

[14:33] {nemo} what cujo, you had a banking executive, or faith in one?

[14:33] {cujo} ha ha

06[14:33] * larisa slaps nemo around a bit with a large trout

[14:33] {cujo} use to have faith in them

[14:33] {cujo} now, not so much

[14:33] {nemo} tellers?

[14:33] {cujo} yeah, and the lady who would greet me at the door 

[14:34] {nemo} harder Larisa

[14:34] {_bobv} One question to all of you, I do not live on the US, but I want to know if the crisis is reflected on the streets and people around you..??

[14:34] {larisa} we do not get out much bob

[14:34] {Threei}  lol

[14:35] {dino} by me, people are tightening up, but most don't seem to see the depths the politicians are whinig about

[14:35] {Threei}  not where I live

[14:35] {Threei}  fancy yachts park at the harbor

[14:35] {nemo} Well...I have to drive north on 128/95 at afternoon rush hour several times a week.  It was always knwn as one of the busiest highways in the country.  It's 55-65 all the way.

[14:35] {Threei}  record number of cruise ships this year

[14:35] {dino} surprisingly, real estate has been holding up 

[14:36] {cujo} my neighborhood is a mess

[14:36] {cujo} rent and housing prices are not well

[14:36] {dino} i am northern poconos, resort type area

[14:36] {patience} vad, we have close to lowest unemployment in country

[14:36] {cujo} spending wayyy down as well

[14:36] {_bobv} interesting

[14:36] {Threei}  yeah

[14:36] {Threei}  I guess it's spotty

[14:36] {Threei}  depends on kind of industries in a particular place

[14:37] {cujo} dino, you by the old mt airy lodge?

[14:37] {Threei}  towns relying on automakers are hit hard

[14:37] {dino} banks here are having great years, lending up, etc. not involved in the cdo stuff. they are compklaining about govt help to the big boys. i.e. "not fair we should get the slack"

[14:38] {cujo} ave home price in detroit was something like 20K last i looked

[14:38] {dino} little over an hour north cujo

[14:38] {Threei}  20K?

[14:38] {cujo} yeah

[14:38] {cujo} will send article  one sec

[14:38] {Threei}  I don't want to live in Detroit... but this sounds like investment, lol

[14:38] {cujo} http://www.tribbleagency.com/?p=3598

[14:39] {dino} detroit=autos=layoffs=crime. that will be bad for awhile imo

[14:39] {dino} better worlds than that imo

[14:39] {cujo} Vad, you want to start a detroit real estate reit?

[14:39] {Threei}  I am too lazy for that

[14:39] {dino} been bidding n. myrtle condos last couple weeks; forclosures

[14:40] {cujo} how much a sq ft?

[14:40] {dino} 980 golf course, going for 125k. topped 250k

[14:40] {cujo} wow not bad

[14:41] {cujo} you a golfer?

[14:41] {dino} they go fast

[14:41] {dino} y

[14:41] {cujo} nice, big golf fan

[14:42] {dino} i have 2 places, sunset beach, 10 miles north

[14:43] {larisa} you married dino?

[14:43] {dino} yes 13 years

[14:43] {larisa} me too :(

[14:43] {larisa} :)

[14:43] {cujo} waiting to see what that new R9 looks like from Taylor made. 

[14:43] {dino} i like you larisa, you make me laugh

[14:43] {larisa} ty

[14:43] {nemo} Freudian slip I think

[14:43] {_bobv} jaja

[14:44] {dino} still on my erc II

[14:44] {nemo} what's an erc II?

[14:44] {dino} callaway

[14:44] {cujo} driver

[14:44] {nemo} oh

[14:44] {dino} y

[14:44] {dino} vsat blood

[14:44] {dino} fast

[14:45] {Threei}  nemo, look dcc pls

[14:45] {dino} wynn gap filled

[14:52] {nemo} FAS repeating it's pattern from yesterday. 

[14:55] {Threei}  notice, financials are weaker than the market overall

[14:55] {nemo} GEEZ FAZ up 25%

[14:55] {nemo} Wonder who had the stones to go long that yesterday

[14:57] {nemo} 3:30 'ally or shark?

[14:57] {Threei}  I say down

[14:58] {dino} yeah, feels like death

[14:58] {Threei}  -500 at the eod

[14:58] {dino} going for the -500

[14:58] {nemo} yeah...but I'm a pessimist by nature...goin' for the bottle

[14:58] {dino} markets figured out obama is not center, but really leaning to the left

[14:59] {nemo} How so Dino?

[15:00] {dino} inceasing entitlements; welfare, unemployment, heathcare, spending on everything but what he campaigned on

[15:00] {Threei}  KADIMA WINS MAJORITY IN ISRAELI VOTE

[15:00] {nemo} Well, he campaigned on universal health care, which is an entitlement

[15:01] {nemo} It was clear they'd have more of a personal focus on this spending bill

[15:01] {dino} also said he would balance budget, cut spending, increase infrastructure, etc

[15:01] {nemo} Having said that, maybe the markets are just pissed the banks aren't getting an immediate bail out

[15:02] {dino} don't really see that happening tho. if it was, they would be trading up

[15:02] {dino} but, time will tell, no matter really.

[15:02] {nemo} 2012

[15:03] {dino} 2010, the house vote

[15:03] {nemo} no 2012...mayan calendar

[15:04] {dino} lost me

[15:04] {nemo} world is supposed to end

[15:04] {dino} well then, nothing matters, spend like crazy

[15:04] {nemo} I use it as a pick-up line

[15:04] {larisa} works?

[15:05] {nemo} when they're drunk enough so they can't think or really see what I look like-yeah

[15:09] {larisa} DRYS waking up, will it lead the market :)

[15:10] {Threei}  into abyss? sure :)

[15:10] {larisa} lol

[15:10] {nemo} hehehehehehe

[15:10] {Threei}  I think I went over 30 stocks over last 5 min

[15:11] {Threei}  can't find any worthy trading candidate

[15:11] {Threei}  same pattern holds... make your money in the morning, then sit sand look pretty

[15:11] {Threei}  which is only half option for me

[15:12] {Threei}  I mean I can sit...

[15:12] {nemo} It's all relative Vad just sit a bulldog next to ya'

[15:13] {nemo} I took the mirrors out of the house, myself

[15:18] {larisa} can I get free month in the room if we close above 8000 ?

[15:19] {Threei}  US TREASURY SEC GEITHNER: TODAY WAS FOR 'OVERARCHING' DESCRIPTION OF PROGRAM, DETAILS WILL FOLLOW, TODAY WE ARE "BEGINNING OUR CONSULTATION" WITH CONGRESS

[15:19] {Threei}  - says the new plan is fundamentally different from the Paulson plan; we will be guided by "what will work and what will engender confidence.

[15:19] {dptl} have a good evening all

[15:19] {Threei}  take care dp

[15:19] {cujo} c ya

[15:19] {larisa} bye dp

[15:19] {nemo} So, get rid of the fed, blow up Congress...

[15:19] {dino} basically saying "we are just throwing stuff at the wall"

[15:20] {nemo} Who the hell knows what will work in this environment

[15:20] {dino} gild stopped .54, +.09

[15:21] {cosmo} what ever bails you out

[15:21] {cosmo} ... that works

[15:22] {dino} 7845, 1199, 819 feb. lows

[15:22] {dino} opps 1167, 812

[15:24] {dino} s&p -6% from yesterday hod, dji, ndx -5%

[15:26] {dawg} FAS +.19 for crissake

[15:26] {Threei}  nice

[15:26] {dawg} ty Vad

[15:26] {dino} gj

[15:26] {dawg} ty dino

[15:29] {Threei}  should give one more bounce

[15:31] {Threei}  DNDN

[15:31] {Threei}  CEO: DATA FROM PHAS III STUDY RAISED NO RED FLAGS FOR PROVENGE

[15:32] {nemo} downard wedge on FAS

[15:34] {Threei}  scalped DNDN from .70

[15:35] {larisa} nice

[15:37] {Threei}  -400

[15:37] {larisa} why do you want to be right threei?

[15:37] {Threei}  that's my second nature, sorry

[15:37] {Threei}  highly irritating

[15:39] {Threei}  last bounce FAS?

[15:39] {larisa} STT +.20  -.15 scalps HIG +.15 -.10 . Too funny

[15:40] {nemo} interesting sense of humor :)

06[15:42] * larisa optimist and waiting for a bounce to close above 8000

[15:43] {Threei}  whew

[15:43] {Threei}  .98 - .18

[15:43] {Threei}  not for faint heart

[15:43] {larisa} gj

[15:43] {Threei}  above 8000?

[15:43] {larisa} yes

[15:43] {Threei}  okaaayyy...

[15:44] {cosmo} naz?

[15:44] {larisa} LOL

[15:45] {cosmo} only a matter of time

[15:45] {larisa} I am too old to see that :)

[15:45] {Threei}  and creative accounting

[15:46] {cosmo} just a good idea

[15:49] {cosmo} ... like: mirrors just make it look like there's more smoke....

[15:49] {_bobv} or pray lol

[15:49] {dino}  larisa's winning

[15:49] {Threei}  not by my quotes... unless they are wrong

[15:50] {larisa} too many stubborn  threeis holding market down :)

[15:50] {Threei}  lol

[15:51] {_bobv} larisa maybe your dreams can come true in the next 10 minutes

[15:52] {Threei}  0

[15:52] {larisa} bob, you are too new to know : I have POWERS

[15:52] {Threei}  8

[15:52] {Threei}  no way

06[15:52] * Threei smakcs the market over the head with 2x4

[15:52] {dino} lol

[15:52] {dino} she's like a vamp, puts you under her spell

[15:53] {Threei}  7

[15:53] {Threei}  down boy, down

[15:53] {nemo} scary...is your family from the Altai Larisa?

[15:53] {_bobv} lol

[15:53] {Threei}  from Transilvania, according to dino

[15:53] {nemo} that would make her Romanian

[15:54] {dino} dead in dixie

[15:54] {Threei}  Vlad the Impaler is her grandgrand

[15:55] {Threei}  (US) PRESIDENT OBAMA: NATIONALIZATION OF US BANKS WOULD NOT MAKE ANY SENSE - BBC INTERVIEW

[15:56] {cosmo} maybe then just the Fed

[15:56] {Threei}  4

[15:57] {Threei}  giving up yet larisa?

[15:57] {nemo} Laaaaaarrrrrrriiiisssssaaaa

[15:57] {larisa} Looks like this is a mans World still

[15:57] {nemo} Reminds me of a joke

[15:58] {Threei}  only quality men {G}

[15:59] {nemo} Big guy gets up in the morning tells his wife to put on his jeans.  She says, there so big I'm swimming in them.  He says, you just remember who wears the pants in the family!!!  So, wife says to him, "Why don't you try on my jeans."  He says, "I can't even get half a leg into them."  She says, "That's right.  And if you ever want to get in my pants again...you remember who's boss!!!

[16:00] {larisa} my point was different:)

[16:00] {Threei}  lol

[16:00] {Threei}  okay guys... quite a day

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening

[16:00] {nemo} I know, I was being supportive outside of my usual boorish behavior

[16:00] {Threei}  see you tomorrow

[16:00] {nemo} P&Q

[16:01] {larisa} happy i missed most of it, see you later :)

[16:01] {_bobv} bye

[16:02] {cosmo} hmm... its end day

[16:03] {cujo} c ya all tomorrow. 

Feb 09 2009

Couple trades worked like charm in the morning, and that's when we should have just gone back to sleep. Whole rest of the day with rare exceptions was just a colossal waste of time and cutting into morning profits.

 

Session Time: Mon Feb 09 00:00:00 2009

[07:34] {nemo} Haroo?

[07:57] {hawkfan4} good morning

[07:57] {nemo} How'd the hawks do this weekend?

[07:59] {hawkfan4} I know they lost to Vancouver pretty bad Saturday

[07:59] {nemo} Sorry...

[08:00] {hawkfan4} u use laser nemo?

[08:01] {nemo} try to...I use Laser for taxable

[08:01] {nemo} I'm switching from Fidelity to IB because of the fees

[08:02] {nemo} I use chart indicators, and I have to give Fidelity credit, they have a most elegant charting package

[08:02] {hawkfan4} I have a couple IB accts still, they're not bad, but Laser is way better for daytrading

[08:03] {nemo} Yeah, that level II trading interface can't be beat

[08:05] {Threei}  Good morning

[08:05] {nemo} Hallo

[08:05] {Threei}  DRYS

[08:05] {Threei}  ANNOUNCES PRELIMINARY AGREEMENT WITH NORDEA BANK FOR A COVENANT WAIVER ON THE $800M PRIMELEAD FACILITY

[08:05] {Threei}  - reached preliminary agreement with Nordea Bank Finland Plc to obtain a covenant waiver in connection with the $800.0 million Primelead facility, which was used to partially finance the acquisition of Ocean Rig ASA. As of today, the outstanding loan amount under the facility is $650.0 million

[08:05] {Threei}  HIG, that's some gap

[08:05] {hawkfan4} no kidding

[08:05] {hawkfan4} Vad, u having quote issues with Laser ?

[08:05] {Threei}  no... looks fine

[08:05] {Threei}  what stock?

[08:06] {magoo} morning

[08:06] {hawkfan4} hmm, ok, no, says my quote connection is bad, keeps doing it

[08:06] {Threei}  magoo :)

[08:14] {magoo} news SOHU? up 5

[08:14] {Threei}  02/09/09 03:00am

[08:14] {Threei}  [SOHU] Sohu.com Inc Reports Q4 $1.50 v $1.16e, R $121.6M v $121.0Me

[08:14] {Threei}  - Guides Q1 EPS $1.05-1.10 v $1.01e, R $111.5-115.5M v $117.5Me

[08:14] {Threei}  - Q4 Gross Margins 75% v 74% q/q, v 71% y/y

[08:16] {hawkfan4} gern moving

[08:16] {Threei}  BALTIC DRY BULK INDEX +11%, 15TH STRAIGHT INCREASE

[08:21] {Threei}  maybe today is the day for GERN... but thing is so treacherous on breaks

[08:22] {Threei}  on pullbacks though it's more predictable

[08:23] {Threei}  jeez FAS

[08:25] {Threei}  (EU) EU'S JUNCKER: REITERATES HIS CONCERN REGARDING LACK OF COORDINATION IN EU

[08:30] {larisa} good morning :)

[08:30] {Threei}  larisa :)

[08:30] {larisa} threei :)

[08:31] {cujo} good morning. 

[08:31] {Threei}  cujo :)

[08:38] {Threei}  BAC resurrection

[08:38] {Threei}  or was that alien

[08:38] {Threei}  or they both are similarly ugly

[08:39] {Threei}  (RU) REPORTEDLY RUSSIAN PRES MEDVEDEV: CAN MEET SPENDING WITHOUT EXCESSIVE LOANS

[08:46] {Threei}  PIMCO'S BILL GROSS: LOOKING FOR AN EXPANSION OF TALF INTO COPRORATE BONDS AND CMBS TOMORROW

[08:50] {ese} morning all

[08:50] {Threei}  ese :)

[08:50] {ese} lousy news....market goes up......what does that tell ya

[08:50] {ese} morning vad

[08:51] {cosmo} tery're all masocists

[08:51] {Threei}  lol

[08:51] {cosmo} they're

[08:51] {ese} exactly what i would have said

[08:53] {Onix} Good morning all

[08:55] {cosmo} drys up....

[08:56] {ese} dinos butt has to be geting sore by now....

[08:57] {cosmo} i can emphasize

[08:58] {Threei}  onix :)

[08:58] {ese} onix

[08:59] {Threei}  PALM ticking

[09:00] {Threei}  shorts really get fried on HIG

[09:00] {dino} gm all

[09:01] {Threei}  dino :)

[09:01] {Threei}  welcome aboard wulff

[09:01] {cujo} morning wulff

[09:02] {Threei}  so, Geithner's announcement is pushed to Tuesday

[09:02] {dino} sounds familiar

[09:02] {Threei}  yeah

[09:02] {dino} think sept.

[09:02] {Threei}  for today, it's stimulus plan all opver the news

[09:03] {buyemsellem} gm all. Hey Cujo, how was the market on Saturday?

[09:04] {Threei}  buyem :)

[09:04] {cujo} :)

[09:05] {ese} wulff.....join the crew....welcome

[09:06] {dino} lol buyem

[09:08] {wulff} sorry was away. TY

[09:09] {Threei}  VPHM

[09:09] {Threei}  MARIBAVIR IN BONE MARROW TRANSPLANT PATIENTS FAILED TO ACHIEVE PRIMARY, SECONDARY ENDPOINTS IN PHASE 3 CLINICAL TRIAL

[09:10] {Threei}  HIG is pulling back finally

[09:12] {Threei}  if it sells off sharply at the open, will be big bounce candidate... tough read though, makes wild swings

[09:15] {Threei}  working assumption so far is creep-up day

[09:15] {Threei}  but headlines from high above can do anything as we wll know

[09:17] {fernp} Hello everybody

[09:17] {Threei}  fern :)

[09:17] {ese} fern

[09:19] {Onix} hi fern

[09:20] {fernp} morning ese, onix

[09:21] {Threei}  trailing stop for the PALM swing position is under 8 now

[09:21] {Threei}  do not intend to lose any single cent on it

[09:21] {Threei}  and if it does go that low, will be looking for another entry

[09:22] {ese} didn't realise you had a swing going on with Palm Vad....where were you in?

[09:22] {Threei}  7.70... open from Wed

[09:22] {nemo} Vad swings with Palm...not going there

[09:23] {dptl} good morning all

[09:23] {Threei}  dp :)

[09:23] {ese} DDDDDDPPPPPPPP!!!!!!

[09:23] {dptl} :)

[09:25] {KSystems} good morning :)

[09:25] {cujo} morning KS

[09:25] {ese} ksys!

[09:25] {KSystems} hey cujo

[09:25] {nemo} Gruess dich...

[09:25] {KSystems} ese :) nemo :))

[09:26] {Threei}  ks :)

[09:28] {Onix} hi ks

[09:28] {_bobv} good morning!

[09:28] {Threei}  bobv :)

[09:29] {Threei}  I can't bring myself to call breakout on HIG here

[09:29] {dino} saddle-up

[09:29] {wulff} aapl beaks 100

[09:33] {Threei}  morning vint, welcome aboard

[09:34] {Threei}  HIG... grrr

[09:34] {vint} thanks vad, vint=vinthombre

[09:34] {dino} vrtx, simple gap fill or worse

[09:34] {Threei}  thank you for shortening it... :)

[09:35] {dino} earnings tonight vrtx

[09:35] {Threei}  HIG pullback to about 14.60 is long

[09:35] {Threei}  keep it to half lot, wild animal

[09:35] {cosmo} GERN hod = .45

[09:35] {cosmo} so far

[09:36] {hawkfan4} technical difficulties, back in a bit

[09:37] {wulff} Rimm?

[09:37] {Threei}  in .66, stop under .40

[09:37] {nemo} what, HIG?

[09:37] {Threei}  yes

[09:38] {nemo} bummer

[09:38] {Threei}  half out .85

[09:38] {nemo} FAS pulling back

[09:38] {Threei}  stop to .55

[09:39] {Threei}  out 15

[09:41] {Threei}  RIMM should pull back now to 60 or just under

[09:41] {dino} dltr sm l .10

[09:42] {Threei} Long Setup:  RIMM  60.10 break

[09:42] {Threei}  if holding above 60

[09:42] {nemo} rimm

[09:42] {nemo} nevermind

[09:43] {cosmo} GERN tests 8.45 soon

[09:43] {cosmo} i think

[09:43] {magoo} HIG 16 prob

[09:44] {Threei}  RIMM invalidated, wouldn't follow ther market

[09:44] {dino} kick it

[09:44] {Threei}  GERN 8.50 big resistance to break on daily

[09:45] {wulff} amzn pullback

[09:45] {Threei}  didn't work on any previous break attempt

[09:45] {cosmo} k

[09:45] {Threei}  maybe today is the day... no way to tell really

[09:45] {cosmo} i'm an optimist

[09:46] {Threei}  VPHM got killed

[09:47] {Threei}  [09:09] {Threei} VPHM

[09:47] {Threei}  [09:09] {Threei} MARIBAVIR IN BONE MARROW TRANSPLANT PATIENTS FAILED TO ACHIEVE PRIMARY, SECONDARY ENDPOINTS IN PHASE 3 CLINICAL TRIAL

[09:48] {Threei} Long Setup:  HIG  15.30 break if holding .20

[09:50] {ese} dino vphm?

[09:51] {dino} celg

[09:51] {dino} sm l .40

[09:53] {Threei} Long Setup:  STT  .20 break half lot

[09:53] {Threei}  stop under 31

[09:53] {dino} hmmm

[09:53] {dino} vphm around the lows maybe, lots of q's on it

[09:54] {dino} i'll watch for feel

[09:55] {Threei}  lost 31, look for bounce off 30.50

[09:55] {ese} Q's dino??

[09:55] {Threei}  HIG really consolidates for anothermarch up it seems

[09:55] {dino} celg stop is .07 fwiw

[09:56] {dino} celg stopped -.33

[09:56] {dino} the cubes?

[09:56] {dino} don't usually trade them

[09:57] {dino} celg rinse r oni

[09:58] {dino} dltr stop to .49

[09:58] {dino} stopped .49, +.39

[09:58] {Threei}  STT bounced precisely off .51 but I don't think it gave an entry chance

[09:59] {nemo} dino, you get alot of milk out of that cow

[09:59] {dino} lol

[09:59] {dino} well if its' free....

[09:59] {cujo} got a little piece Vad.

[09:59] {nemo} talkin about the stock? or?

[09:59] {Threei}  where did you catch it?

[09:59] {cujo} .58

[09:59] {Threei}  very nice

[09:59] {cujo} thanks

[10:00] {dino} :)

[10:01] {dino} wmt gap around 48.50 fwiw

[10:02] {dino} gj cujo

[10:02] {dino} stepping back for min.

[10:04] {Threei}  FAS, if drops qwuickly into .60 area is bounce candidate

[10:09] {Threei}  these bounces are occuring off readable zones but not exact prices for the call

[10:09] {Threei}  kind of "if you get a read on it, great, if not stay away"

[10:09] {nemo} so we have to go with French ranges as opposed to German precision?

[10:10] {Threei}  that's often the case

[10:10] {Threei}  pullbacks in an uptrend are easier to nail down to exact price

[10:10] {Threei}  but we don't have uptrend today so far

[10:11] {nemo} Well, considering Thu and Fri, some consolidation would be in order.  We are in a Depression you know...

[10:11] {dino} itt sm l off the hod

[10:12] {Threei}  OK{ looks like change of heart in the market

[10:12] {Threei} Long Setup:  HIG  half lot .10 break

[10:12] {Threei}  stop under .95

[10:13] {dino} you depressed nemo?

[10:13] {dino} c'mon, lets have fun w/the sh#t market

[10:15] {dino} waiting on wmt,dltr, fdo, itt, vrtx, celg

[10:16] {Threei}  HIG is not a scalp for me

[10:17] {Threei}  anyone found entry on FAS?

[10:17] {cujo} y

[10:17] {magoo} me either vad

[10:17] {cujo} in .725

[10:17] {cujo} out for scalp

[10:17] {Threei}  :)

[10:18] {cujo} :)

[10:18] {nemo} about 10 minutes ago @ .70 stop under .60

[10:19] {nemo} 12 minutes ago

[10:19] {dino} gj guys

[10:20] {magoo} hawk..gs read

[10:20] {Threei}  1:1 HIG

[10:20] {Threei}  whatever you chose, partial or hold, stop is trailed to just under 15

[10:20] {Threei}  if you take scalp, do not trail stop {G}

[10:21] {wulff} HIG +.18

[10:21] {Threei}  AMZN

[10:21] {Threei}  FORMALLY RELEASES THE KINDLE 2 ELECTRONIC READER FOR $359

[10:21] {Threei}  - ships feb 24

[10:22] {dino} celg sm l .20, last try

[10:22] {Threei}  I'll be intereasted when that reader can just read instead of me doing that, as name implies... and transfer the knowledge to me

[10:22] {nemo} vulcan mind meld

[10:22] {Threei}  half out HIG .31

[10:22] {Threei}  stop to .05

[10:23] {magoo} AAPL animal vad

[10:23] {cosmo} i'm holding out for the implant...

[10:25] {nemo} cosmo, it'll come with a GPS chip so the gubmint will know where you are

[10:26] {_bobv} there´s no direction right now for ES futures

[10:27] {Threei}  mags... still riding hig or lightening the load?

[10:28] {dino} sort of like me bobv

[10:29] {magoo} half out boss

[10:29] {cujo} would you get back into HIG at around .20 Vad?

[10:29] {wulff} short day see ya

[10:31] {dino} cya

[10:32] {magoo} take care wulff

[10:32] {Threei}  TREASURY'S GEITHNER REPORTEDLY TO TESTIFY BEFORE SENATE BANKING PANEL ON THE TARP AT 2:30PMET ON TUESDAY

[10:33] {cosmo} sounds 'down and dirty'

[10:33] {Threei}  on the tarp? :)

[10:33] {Threei}  cosmo... your imagination... lol

[10:33] {cosmo} yeah.... the mat if you like

[10:35] {dino} so now pushed to wednesday

[10:35] {Threei}  you assume?

[10:35] {cosmo} its eternal...

[10:35] {Threei}  I don't see it announced

[10:35] {dino} spelling error in last release vad, it's carp, not tarp. lunch issues

[10:36] {nemo} no...it's TRAP

[10:37] {nemo} C&H on HIG?

[10:37] {Threei}  ok... as if whole thing was not complicated enough, they misspell vital parts... like senate lunch menu

[10:38] {dino} :)

[10:38] {Threei}  yes nemo but I hate playing breaks on it

[10:38] {dino} new chef i think, need details

[10:39] {nemo} afraid it might be a topping formation?

[10:39] {Threei}  it's generally not a breakout stock

[10:39] {Threei}  behaves well on pullbacks if nail entry right, but usually disappoints on breaks

[10:40] {Threei}  1/4 more out .64

[10:40] {Threei}  last portion with stop under .20

[10:41] {nemo} well, looks like its breaking today, bummer

[10:41] {cosmo} solr

[10:41] {cosmo} 5.50

[10:42] {cosmo} so far

[10:43] {_bobv} es futures moving higher, possible breakout of day highs

[10:46] {Threei}  see nemo?

[10:46] {Threei}  break would have trapped you

[10:46] {nemo} I bow to you oh, master...

[10:47] {cujo} Hawk, any read GS?

[10:48] {hawkfan4} working off my backup computer, looks risky here, but my setup is a mess at the moment

06[10:48] * magoo slaps hawkfan4 around a bit with a large cup of coffee to WAKE up

[10:49] {hawkfan4} should go with the market though

[10:49] {Threei}  pullback into .50 however would be a clean scalp

[10:49] {Threei}  I don't like that HIG is not making new highs with market anymore

[10:49] {Threei}  dumping last 1/4

[10:49] {Threei}  +.40 last part

[10:50] {Threei}  +.21 and .54 previous partials

[10:50] {hawkfan4} great call vad

[10:50] {Threei}  ty

[10:51] {Threei}  you guys saw laser announcement?

[10:51] {hawkfan4} yes

[10:51] {Threei}  okay

[10:51] {cujo} thanks HAwk

[10:54] {hawkfan4} np cujo

[10:54] {dino} out celg .64, +.44

[10:55] {ese} that worked dino ...good one

[10:57] {dino} out itt .15, +.40

[10:57] {dino} ty es

[10:58] {dino} t sm l .00

[10:58] {ese} didn't know you were in itt.......just looked at it nice

[10:59] {magoo} vad..i see m,message..says its easy fix...u know how?

[10:59] {Threei}  no, it says contact dave for easy fix

[10:59] {magoo} ok

[11:00] {Threei}  MS

[11:00] {Threei}  INTEND TO COTNINUE TO PAY DIVIEND

[11:00] {dino} [10:11] {dino} itt sm l off the hod\

[11:00] {Threei}  creep-up day starts shaping up

[11:00] {dino} vrtx interesting

[11:00] {Threei}  FAS buyable pullback

[11:01] {Threei}  .10 is closest support

[11:01] {Threei}  watch for dive under .20

[11:01] {Threei}  .15 area should be ideal for entry

[11:05] {Threei}  no worky

[11:08] {Threei} Long Setup:  AMZN  .05 half lot

[11:09] {Threei}  if stays above 65.90

[11:10] {ese} long NUAN .07 sm

[11:19] {magoo} anyone in amzn w/me?

[11:20] {Threei}  you are all alone in those jungles mags

[11:20] {buyemsellem} I'm in there, no machete

[11:20] {Threei}  and anacondas all over

[11:20] {Threei}  AMZN is holding like champ...needs market reversal to start working

[11:21] {Threei}  I am comfortable with 15 cents stop on a half lot

[11:22] {Threei}  market strong upticks

[11:22] {Threei}  come on you musty bookstore...

[11:23] {Threei}  no worky

[11:23] {Threei}  65.50 isd next area of interest

[11:26] {dino}  celg

[11:27] {dino} sm l .23

[11:37] {Threei}  bobv, dcc please

[11:37] {Threei}  AMZN perfect bounce off .56

[11:38] {Threei}  and just as perfectly impossible to call at the time, lol

[11:38] {Threei}  this is a trademark of todays trades

[11:38] {cujo} :)  

[11:38] {Threei}  cujo... don't tell me you got it

[11:38] {cujo} no

[11:38] {Threei}  I'll get jealous

[11:38] {cujo} but it has been a consistent theme today

[11:38] {Threei}  yeah

[11:42] {Threei}  HIG

[11:42] {Threei}  big fast pullback

[11:44] {Threei}  .30 is closest support

[11:49] {dino} cat sm l .05

[11:52] {Threei} Long Setup:  HIG  .40 if holding above .30

[11:54] {magoo} in

[11:57] {Threei} Long Setup:  FAS  .08 if stays above 11

[11:59] {Threei}  let's go market, you look ready

[12:00] {magoo} magoo takes his shotgun sites off raven and points at market...get movin slowly off his lips 

[12:00] {vint} probably waiting for word from Obama shortly

[12:01] {magoo} news"obama to name cousin osama as defense secretary"

[12:04] {Threei}  HIG lost will to live

[12:07] {dino} lol

[12:10] {Threei}  gotyta wait out this period of narrow directionless up and down

[12:11] {Threei}  (US) PRESIDENT OBAMA: 90% OF THE JOBS CREATED BY STIMULUS PACKAGE WILL BE PRIVATE JOBS, CRISIS IS "DEEP AND DIRE"

[12:13] {elepet} hello from hot sunny Mexico. internet off and on. on for the moment

[12:13] {larisa} hi elepet :)

[12:16] {Threei}  elepet :)

[12:17] {_bobv} jajaja

[12:17] {Threei}  strong feeling that market prepares for a 'ally

[12:17] {_bobv} same thing for colombia elepet

[12:18] {Threei}  ok, probably one more little pullback in order, then ramp-up

[12:20] {magoo} candidates vad

[12:20] {Threei}  want FAS under 11.10

[12:20] {Threei}  RIMM.60 break if stays above .45

[12:21] {Threei}  RIMM invalidated

[12:21] {Threei}  AAPL is probably better candidate

[12:22] {Threei}  .85 long

[12:26] {elepet} fas . or did i miss something?

[12:27] {elepet} this is slightly crazy. some things work some don't

[12:27] {Threei}  half out AAPL on a spike above 103

[12:28] {Threei}  FAS never lost .10, had to get it above

[12:30] {magoo} kickin AAPL 

[12:33] {ese} outta here...still long NUAN...it ain't doin much will exit at end of the day

[12:33] {Threei}  take care ese

06[12:33] * magoo slaps ese around a bit with a large roll of cash

[12:33] {ese} tks needed that

[12:36] {Threei}  let's see if this pullback gives us FAS entry

[12:38] {Threei}  ECB: HYBRID SCHEME FOR BAD BANKS, AND ASSET PURCHASES SHOULD BE CONSIDERED BY GOVERNMENTS - DRAFT

[12:39] {cujo} b MCD .31

[12:41] {Threei}  US TREASURY SPOKESPERSON: GEITHNER PLAN TO BE ANNOUNCED TOMMOROW IS 'COMPREHENSIVE', BANK RESCUE PLAN 'IN TACT';

[12:44] {Threei}  market lost it again

[12:44] {cujo} MCD -.08

[12:45] {Threei}  US PRESIDENT OBAMA: STIMULUS PACKAGE TO 'DOUBLE' ALTERNATIVE ENERGY PRODUCTION IN THE US

[12:46] {nemo} I love when politicians make pronouncements about how their actions will pan out

[12:51] {Threei}  is it me or it's next to impossible to get pubback entries right today

[12:51] {Threei}  missed frikin FAS again

[12:51] {nemo} it's you

[12:51] {larisa} and us :)

[12:51] {magoo} your right

[12:51] {nemo} Larisa is soooooo........Larisa

[12:52] {Threei}  look at it go

[12:52] {nemo} hi larisa...

[12:53] {larisa} hi captain :)

[12:54] {nemo} cute :)

[12:54] {nemo} I'm having identity problems, I don't know whether I'm Oddyseus, an undersea madman, or a fish

[12:55] {magoo} someone else kick AAPL for awhile...tired

06[12:56] * nemo throws a reverse long side kick at aapl

[12:57] {magoo} dude..wrong end

[12:58] {nemo} sorry...

[12:58] {nemo} It usually works on real bodies

[12:58] {nemo} might get your FAS pullback

[13:00] {Threei}  feels like FAS just wants to go up into the finanscial rescue package announcement, setting the trap for buyers on announcement itself

[13:00] {nemo} Didn't it peak out @ about 12 recently

[13:01] {Threei}  12.33

[13:01] {Threei}  01/28

[13:01] {nemo} That would be coincidental with the announcement.  Yep, scary

[13:02] {Threei}  market next leg up is coming

[13:02] {nemo} Where to mon frere?

[13:03] {Threei}  should tag day high this time, then consolidate again

[13:04] {Threei}  SMSC

[13:04] {Threei}  GUIDES Q4 AT HIGH END OF R$45-51M V $47.1ME, GUIDES Q1 HIGHER THAN Q4 V $53.3ME

[13:04] {dino}  smsc

[13:07] {Threei}  GE... non-stop

[13:08] {Threei}  US SENATE MAJORITY LEADER REID: MUST COMPLETE STIMULUS BILL WORK THIS WEEK

[13:08] {Threei}  this week?

[13:08] {larisa} lol

[13:08] {Threei}  what happened to 3 previous dates

[13:09] {larisa} similar to daytraders, flexible and change their mind a lot

[13:09] {vint} looks like FAS has few more days on upside

[13:12] {nemo} Interesting for you history buffs. GE's 52 week low was 10.66

[13:15] {hawkfan4} GS coiled

[13:16] {vint} vad- time for HIG to breakout? up or down...moving in very narrow range?

[13:16] {Threei}  I'd leave this thing alone

[13:16] {Threei}  doesn't go with financials

[13:16] {Threei}  doesn't go with market

[13:16] {Threei}  nothing to hang your hat on

[13:16] {vint} got it, thanks

06[13:18] * nemo says pretty please to apple for Magus

[13:20] {Threei}  what's this about?

[13:21] {nemo} You mean the pull back?

[13:21] {Threei}  if you can call it that

[13:21] {Threei}  rather like smashing one's forehead of lamp post and dropping like a potato bag

[13:22] {nemo} When did we go out drinking?

[13:24] {magoo} ill be back..gotta reboot

[13:25] {nemo} Mags must be watching porn again

[13:32] {Threei}  FAS, looking for entry near .20

[13:33] {Threei}  first strength from here

[13:34] {nemo} full or half lot

[13:34] {Threei}  in

[13:34] {Threei}  .21

[13:34] {Threei}  stop under .15

[13:34] {Threei}  full, stop is small

[13:34] {vint} in

[13:35] {Threei}  come on, time to bounce, really

[13:35] {dawg} Vad pick up some more PALM here?

[13:36] {Threei}  not sure, not much life to it today

[13:36] {dawg} k

06[13:38] * Threei kicks market, FAS and neighbor passing by in the rear

[13:38] {nemo} wow, you're flexible

[13:42] {nemo} eh...lunch doesn't get over for another 20 minutes

[13:43] {Threei}  half out .30

[13:45] {nemo} see the teleport @ 13:43

[13:46] {Threei}  if drops under .20, want to try to get that half back

[13:47] {Threei}  if goes up, looking to sell around .40 or higher, and enter STT on .50 break if stays above .35

[13:47] {Threei}  half lot for STT

[13:47] {nemo} stt

[13:49] {dino} vrtx sm l .32

[13:54] {Threei}  time for someone to come out and say they have enough votes to pass the bill

[13:54] {Threei}  can they work for us just once?

[13:54] {nemo} Why should things change?

[13:56] {Threei}  FR) FRENCH WORKER UNIONS REPORTEDLY ASKING FOR A NATIONWIDE STRIKE ON MARCH 19 FOR PROTESTS OVER ECONOMIC SITUATION -

[13:57] {Threei}  lol

[13:57] {Threei}  ain't it a beauty

[13:57] {nemo} did you buy back Vad

[13:58] {Threei}  .21

[13:58] {Threei}  saem price, same stop

[13:58] {nemo} STT aproaching .50

[14:01] {Threei}  out half FAS .34

[14:01] {dino} chanserv is tough

[14:02] {Threei}  didn't STT invalidate?

[14:02] {magoo} back

[14:05] {hawkfan4} STT hit .32

[14:11] {nemo} buying again vad?

[14:11] {Threei}  not sure about third time

[14:11] {nemo} twice is twice...

[14:11] {Threei}  will let it stay as it is

[14:12] {Threei}  market is badly confused about what it wants

[14:13] {vint} did FAS developed bear flag and going down ?

[14:13] {Threei}  ummm

[14:13] {Threei}  contradictive sentence

[14:14] {Threei}  for a bear flag it had to show small bounce on a shallow volume

[14:14] {Threei}  not what happened

[14:14] {vint} oh..yes

[14:14] {vint} thanks!

[14:24] {hawkfan4} anyone know the easy fix for the Laser quote problem?

[14:25] {Threei}  dave does

[14:25] {hawkfan4} ok, thx

[14:26] {Threei}  selling accelerates

[14:26] {Threei}  no news

[14:28] {Threei}  market often experiences hangover on Mondays, but with today's events and expectations feeling was it had a chance for more direction than this

[14:28] {magoo} i do hawk dcc

[14:28] {Threei}  instead we got old http://realitytrader.com/vad/Mondays-Suck-Video.wmv

[14:29] {larisa} funny. looks like he is suffering from global warming too :)

[14:30] {magoo} HAWK DCC

[14:30] {hawkfan4} thx mags

[14:32] {magoo} :)

[14:32] {magoo} call me losermagoo

[14:32] {magoo} oops laser that is lol

[14:35] {Threei}  let's start lookinh for reversal entries?

[14:35] {nemo} FAS .00 stop .95?

[14:35] {Threei}  break of

[14:35] {nemo} 11

[14:35] {Threei}  .95 I don't know

[14:35] {Threei}  doesn't look right

[14:36] {Threei}  low is .93 on the last drop

[14:36] {nemo} quasi ouble bottom she's beggining upward wedge and it's after lunch now

[14:36] {Threei}  that's tru... just stop too tight

[14:37] {magoo} how about AAPL vad..strong

[14:37] {magoo} or RIMm nears low

[14:38] {Threei}  can't tell anything on those two

[14:38] {magoo} with mkt of couser

[14:38] {Threei}  they don't have their own formations

[14:44] {Threei}  hate these sudden up and down jerky moves

[14:49] {magoo} i just luv 'um lol

[14:49] {Threei}  sigh

[14:51] {Threei} Long Setup:  DRYS  .40 break , stop under .25

[14:51] {Threei}  for scalpers stop under .30

[14:52] {cujo} in .43

[14:58] {Threei}  will we reverse today at all??

[15:01] {magoo} frustrating eh?

[15:02] {Threei}  feels like it's time

[15:04] {Threei}  but every time it's ready, it gets smacked down

[15:04] {Threei}  whoa

[15:04] {Threei}  DRYS

[15:04] {Threei}  out

[15:04] {cujo} wow

[15:04] {Threei}  .55

[15:04] {cujo} hit my limits fast

[15:04] {cujo} geez

[15:04] {Threei}  what was that?

[15:04] {Threei}  not that I mind

[15:05] {cujo} that was inpressive...

[15:05] {nemo} sometimes it's better to be lucky than good

[15:05] {larisa} i helped you a little so you feel better :)

[15:05] {Threei}  thank you

[15:05] {larisa} yw

[15:05] {Threei}  how did you do that? :)

[15:05] {cujo} just said that to KS about an hour ago....

[15:05] {larisa} I have my ways

[15:05] {nemo} what, that you helped cujo?

[15:05] {nemo} shaman people...geez

[15:06] {cujo} no, better lucky than good

[15:06] {nemo} oh

[15:07] {Threei}  larisa, if I buy DRYS again, will you do that once more?

[15:07] {larisa} no

[15:07] {Threei}  sigh

[15:08] {Threei}  no news to warrant that

[15:08] {Threei}  just teleportation

[15:08] {Threei}  oprogram trading gone wild

[15:09] {Threei}  having order out there at .55 was just what doctor prescibed

[15:10] {vint} mine was at .60

[15:10] {Threei}  3 cents shy

[15:10] {Threei}  topped at .57

[15:10] {vint} yep

[15:13] {Threei}  look at this chop

[15:14] {nemo} lota volatility in the S&P

[15:14] {Threei}  it;s scalpable, just dopn't chase anything

[15:14] {Threei}  these sharp drops are buyable for 10 cents spikes

[15:15] {nemo} yeah, might get reverse scalped

[15:15] {Threei}  DRYS just did it to .36 and back to .45

[15:15] {Threei}  FAS to 10.90 and back ro 11.04

[15:15] {dino}     zzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[15:15] {Threei}  requires some steel body parts though

[15:16] {nemo} or zoloft

[15:17] {Threei}  vint... put order above .50 in on DRYS, in case it does it again

[15:17] {larisa} I made 2 snow people yesterday, snowgirl and snowguy. Hope neighbours will not call police on me.

[15:18] {vint} yep, trying at .55

[15:18] {Threei}  depends on how you equipped them

[15:18] {larisa} life like.. I am artsy, you know

[15:19] {nemo} I think positioning might be an issue

[15:19] {Threei}  lol

[15:19] {cosmo} abominal maybe?

[15:20] {larisa} lol, no :)

[15:21] {nemo} careful Mags might have to reboot again

[15:21] {cosmo} abominable?

[15:21] {nemo} Bumbles

[15:22] {nemo} FFFFAS!!!!

[15:22] {larisa} 'ally, back to trading

06[15:22] * magoo slaps nemo around a bit with a large trout

[15:22] {magoo} oldie but goodie

[15:22] {nemo} nemo pulls off larisa's snow people's appendages and throws them at Magoo

[15:23] {nemo} oops, forgot.

[15:23] {cujo} Vad, PALM break above 8.15?

[15:24] {Threei}  not sure cujo

[15:24] {Threei}  PALM kind of take backseat in this battle of bills

[15:24] {cujo} got ya. 

[15:25] {dino} vrtx stop to .47

[15:25] {dino} stopped +.15, bad entry

[15:30] {Threei}  if market remains tru to its today's self, FAS should drop to under .20 now

[15:30] {Threei}  then spike to who knows where

[15:37] {Threei}  hard to imagine anyone willing to be short FAS into tomorrow

[15:37] {vint} not me

[15:37] {vint} unless u tell

[15:37] {Threei}  no way

[15:38] {vint} :)

[15:39] {Threei}  here comes drop under .20

[15:40] {Threei}  in .13

[15:40] {dptl} have a good evening all

[15:40] {Threei}  take care dp

[15:40] {Threei}  stop under 11

[15:40] {Threei}  for extreme scalpers under 11.10

[15:40] {vint} in .13

[15:42] {Threei}  come on, should try for .30 or so

[15:43] {nemo} I thought you were scalping

[15:43] {Threei}  should have

[15:43] {nemo} FAZ still showing strength

[15:45] {patience} i am a doubting thomas...lining up my shopping list and watching qid

[15:52] {Threei}  come on market, how about some short covering for the last minutes

[15:52] {Threei}  all 8 of them

[15:52] {dino} ok

[15:53] {Threei}  larisa... apply your powers

[15:53] {larisa} can not. I only do it when you are to unhappy and remind me of magoo too much. now you are ok.

[15:53] {nemo} Remind her of Magoo...ooohhhhh

[15:54] {magoo} good times :)

[15:54] {nemo} heheheheheh

[15:54] {nemo} need to reboot Vad?

06[15:54] * Threei slaps nemo around a bit with a large trout

06[15:55] * nemo takes it willingly because he deserves it

[15:55] {dino} lol

[15:56] {nemo} that's not funny Mags

[15:56] {Threei}  useless market today

[15:57] {Threei}  out FAS

[15:59] {dino} out celg .23 flat

[15:59] {vint} out 

[15:59] {cujo} ugh

[16:00] {Threei}  oh well

[16:00] {larisa} bye all, better day tomorrow! :)

[16:00] {dino} cya larisa

[16:00] {nemo} Let's call it a day.  P&Q

[16:00] {Threei}  had to stop trading after two morning trades, lol

[16:00] {cujo} :)

[16:00] {Threei}  okay guys, tomorrow will be at least interesting

[16:00] {vint} morning calls worked great

[16:01] {Threei}  yeah, the rest was waste of profits

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

[16:01] {buyemsellem} thanks see you tomorrow

[16:01] {vint} see u all on wed, might be out tomorrow

[16:02] {magoo} y all

[16:02] {magoo} ty

[16:11] {dino} ok gotta hop, take care all

Feb 06 2009

Very nice end for a strong week. Not only our day trades and scalps worked, our swing trade on PALM opened on Wed went up a dollar. More and more trades work for more than just scalps. 

Session Time: Fri Feb 06 00:00:00 2009

[07:44] {ese} good morning.....i'm real early this time

[07:52] {Threei}  good morning

[07:54] {hawkfan4} morning vad :)

[07:55] {Threei}  hawk :)

[07:56] {Threei}  you got quotes?

[07:56] {hawkfan4} can't get in Laser yet

[07:56] {Threei}  ok

[07:56] {Threei}  normally it's up from one hour ago

[07:57] {Threei}  but sometimes someone's asleep at the switch

[07:57] {hawkfan4} i have esig running though.  HIG at 12

[07:57] {Threei}  wow... nice beating

[07:57] {Threei}  although there goes our ideal scenario

[07:58] {hawkfan4} yep

[08:00] {Threei}  ese... insomnia?

[08:06] {nemo} Harooo?

06[08:07] * nemo nemo hands magoo a cup of coffee and says "good morning"

[08:08] {Threei}  nemo :)

[08:09] {nemo} gm Vad

[08:12] {magoo} sheesh

[08:12] {magoo} morning

[08:12] {cosmo} agree

[08:12] {Threei}  sheesh to you too magoo

[08:13] {nemo} Here's a good word for you Magoo "Scheiss"

[08:13] {magoo} scheister

[08:14] {magoo} u play HIG last nite vad?

[08:14] {nemo} might be where it comes from mags

[08:14] {Threei}  larisa hit it for .40 on a short side

[08:14] {magoo} hawk?

[08:14] {magoo} nice

[08:15] {Threei}  nice bid to begin the day on PALM

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

[08:22] {Threei}  BALTIC DRY BULK INDEX +9.6%, 14TH SUCESSIVE GAIN

[08:22] {Threei}  BALTIC DRY BULK INDEX +9.6%, 14TH SUCESSIVE GAIN

[08:22] {Threei}  larisa :)

[08:22] {hawkfan4} es, my back is fine and i did the same thing ;)

[08:22] {larisa} threei :)

[08:24] {magoo} i had opposite affect last nite

[08:24] {Threei}  GERN again

[08:25] {magoo} drank all dinos beer here...fell down our office steps when leaving..and hurt my back lol

[08:25] {hawkfan4} lol

[08:26] {ese} too funny mags

[08:26] {Threei}  (US) UPDATE: PRES OBAMA 'GUARANTEES' HE WILL SIGN EXECUTIVE ORDER FOR STEM CELL RESEARCH

[08:27] {hawkfan4} is that fresh?

[08:27] {Threei}  1 min

[08:28] {hawkfan4} thanks

[08:28] {Threei}  (US) UPDATE: PRES OBAMA 'GUARANTEES' HE WILL SIGN EXECUTIVE ORDER FOR STEM CELL RESEARCH - WASHINGTON TIMES

[08:28] {Threei}  - "I guarantee you that we will sign an executive order for stem cells," Pres Obama{STEM GERN AVII ASTM OSIR CYTX KOOL VIAC}

[08:29] {hawkfan4} i just like to call them KOOL and the gang

[08:30] {Threei}  JAN UNEMPLOYMENT RATE: 7.6% V 7.5%E

[08:30] {Threei}  JAN CHANGE IN NONFARM PAYROLL: -598K V -540KE; CHANGE IN MANUFACTURING PAYROLLS: -207K V -145KE

[08:30] {Threei}  - Prior Dec Nonfarm revised Lower from -524K to -577K

[08:30] {Threei}  - Prior Dec Manufacturing revised from -149K to -162K

[08:31] {Threei}  *JAN AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.2%E; AVERAGE WEEKLY HOURS: 33.3 V 33.3E

[08:31] {Threei}  - Prior Avg Hourly Easrnings revised from 0.3% to 0.4%

[08:32] {Threei}  DRYS ANNOUNCES SALE OF M/V TORO FOR $36.0M

[08:32] {Threei}  BAC buyers

[08:35] {Threei}  HIG's back to low

[08:36] {magoo} what were the HIG numberes?

[08:37] {Threei}  yucky

[08:37] {Threei}  [17:23] {Threei} EPORTS Q4 -$2.71 V $1.30E,

[08:37] {Threei}  [17:23] {Threei} UTS DIVIDEND TO $0.05 FROM $0.32

[08:37] {Threei}  [17:24] {Threei} - Guides FY09 EPS $ 5.80-$6.20v $6.08e

[08:39] {magoo} man...end coming again today?

[08:40] {Threei}  huh?

[08:40] {cosmo} its friday

[08:40] {Threei}  look at the futs

[08:40] {Threei}  NQ +11, SP +5

[08:42] {Threei}  GERN broke 8.10

[08:45] {Threei}  this would be funny if it weren't so sad:

[08:45] {Threei}  PIMCO'S EL-ERIAN: THIS MORNING'S EMPLOYMENT DATA IS OF PARTICULAR CONCERN

[08:46] {Onix} o yes?

[08:46] {Onix} good morning

[08:46] {Threei}  onix :)

[08:47] {elepet} good morning

[08:47] {Threei}  elepet :)

[08:48] {cujo} good morning

[08:48] {Threei}  cujo :)

[08:49] {magoo} news BIIB vader?

[08:49] {magoo} el:)

[08:49] {Threei}  02/06/09 07:34am

[08:49] {Threei}  [BIIB] Biogen Idec, Inc. Reports Q4 $0.93 v $0.92e, R $1.1B v $1.09Be

[08:49] {Threei}  - Guides FY09 EPS above $4.00 v $3.99e, Rev growth expected to be in high single digits v $4.48Be

[08:49] {Threei}  - Guides FY09 capex $210-$250M

[08:49] {Threei}  - Avonex $565.8M v $502.5M y/y

[08:49] {Threei}  - Tysabri $155.6M v $89.6M y/y

[08:49] {Threei}  - Fumaderm $ 10.6M v $9.0M y/y

[08:50] {Threei}  08:39am [BIIB] Biogen Idec, Inc. CEO: It will be difficult to get 100K Tysabri patients by 2010, confirmed new case of PML in the EU yesterday - conf call

[08:50] {magoo} down 3

[08:54] {Threei}  so, plan to bring stimulus bill to the vote yesterday didn't pan out,

[08:54] {Threei}  expect more of headlines today

[08:54] {Threei}  "in three hours... now, later today... no, over the weeked... we have votes... we have no votes"

[08:59] {ese} too funny.....seems like dino gets nailed everytime

[08:59] {Threei}  quite amazing that market goes green on such job data

[08:59] {nemo} everybody expected bad

[09:00] {Threei}  yeah but it's even worse than expected, lol

[09:00] {nemo} Topsy turvy world.  Bad news is good

[09:00] {ese} market turn around sign when bad news creates up day...

[09:00] {Threei}  you guys...

[09:01] {Threei}  preaching to the choire :)

[09:01] {nemo} It's good to be insane

[09:01] {Threei}  that's what cosmo told me for years

[09:02] {Threei}  (using magoo as example)

[09:02] {nemo} "It's good to be the King"  "O.K everybody, thank the Queen for being such a good sport."

[09:02] {dino} gm all

[09:02] {Threei}  dino :)

[09:02] {ese} dino ya made it

[09:03] {Threei}  who happened to watch prez speech yesterday?

[09:03] {dino} yeah, it's a struggle some mornings

[09:03] {Onix} caught quite a bit of it

[09:04] {Onix} he seems very upset and determined

[09:04] {Threei}  I was unpleasantly surprised by it

[09:04] {ese} unpleasantly??

[09:04] {Threei}  very partisan, crass, sarcastic

[09:05] {ese} clarify that one vad

[09:05] {ese} ahhhhhh

[09:05] {Onix} with all these plans, they must do them all right now, for the world is coming to an end

[09:05] {Threei}  that's fearmongering

[09:06] {cosmo} so...there's no hope?

[09:06] {Onix} then they do it, and nothing happens ... nothing improves

[09:06] {Onix} the money just disappears\

[09:07] {dino} i vote, do nothing, let the markets work it out

[09:07] {cosmo} Star Trek has yet to give us the cashless society

[09:07] {dino} they are taking it as a power grab

[09:07] {cosmo} and the holodeck

[09:08] {nemo} I'll believe that when they invent the transporter

[09:08] {Threei}  (RU) REPORTEDLY RUSSIAN Q4 GDP DECLINED 1.9%

[09:08] {dino} i want the transporter

[09:09] {dino} but the auto makers will not allow it (unions stoppoing them)

[09:09] {Threei}  (RU) RUSSIAN PM PUTIN: READY TO LOOK FOR COMPROMISE ON EVERY ISSUE WITH EU

[09:09] {Threei}  why the change of heart

[09:10] {cosmo} transporters may be passe, dino

[09:10] {Threei}  beam me up is in?

[09:10] {cosmo} no... thinking

[09:10] {cosmo} hehe

[09:10] {dino} :)

06[09:11] * Threei thinks himself onto Maui

[09:11] {cosmo} keep trying

[09:11] {cosmo} it'll come

[09:12] {magoo} thats the one inconsistancy with tREK...ferengi want gold....on deep space 9 everyone wants $$...and thats same timeline as next generation

[09:13] {dino} magoo's studying trek i see

[09:16] {Threei}  be back in 5

[09:16] {cosmo} swks

[09:17] {cosmo} Skyworks Q1 profit tops Wall St view; shares upat Reuters(Thu 6:40pm)

[09:17] {dino} rate

[09:17] {cosmo} 5.90 high so far

[09:18] {patience} tgif RT   :)

[09:19] {larisa} gm patience :)

[09:21] {Threei}  patience :)

[09:23] {_vinthombre} good morning everyone

[09:23] {Threei}  SEC'S SCHAPIRO SAYS SHE WILL END THE 2 YEAR PENALTY PILOT PROGRAM, WHICH WILL HELP THE SEC GET SUBPOENAS

[09:23] {Threei}  vinthombre :)

[09:23] {dptl} good morning all

[09:23] {Threei}  dp :)

[09:24] {Threei}  watching STT for possible opening play

[09:24] {magoo} probs with iscan vad

[09:24] {Threei}  ?

[09:24] {magoo} all my scanners are blank except pre mkt ones 

[09:24] {Threei}  ahh

[09:25] {dino} you must plug it in 

[09:26] {cosmo} swks

[09:26] {cosmo} tests .90

[09:26] {pita} gm all

[09:26] {Threei}  pita :)

[09:27] {fernp} Hello everybody

[09:27] {buyemsellem} gm

[09:27] {Threei}  fern :)

[09:27] {Threei}  buyem :)

[09:31] {Threei} Long Setup:  HIG  12 break half lot

[09:31] {Threei}  if stays above .85

[09:33] {Threei}  invalidated

[09:36] {Threei}  wow

[09:37] {Threei}  watching JNPR for pullback

[09:41] {Threei} Long Setup:  JNPR  .50 break if stays above .35

[09:43] {Threei}  turns into bolunce play from under .20

[09:44] {dino} chtt

[09:46] {buyemsellem} would you say the JNPR bounce play is invalid?

[09:47] {Threei}  never went into more safe zone

[09:47] {dino} need coffee, reactions are slow missing entries

[09:49] {Threei}  HIG, that was some hard to stomach move

[09:49] {larisa} up or down? histerical both ways

[09:49] {Threei}  both

[09:54] {Threei} Long Setup:  STT  30 break half lot

[09:54] {Threei}  if stays above .80

[09:55] {_wulff} WFC +.13

[09:58] {Threei}  HIG under 11 again

[10:01] {Threei}  half out STT .21

[10:01] {Threei}  stop to 29.95

[10:04] {Threei}  scalpers win

[10:04] {dino} waiting for rate, chtt, hig

[10:05] {larisa} where do you want HIG dino

[10:05] {Threei} Long Setup:  AMZN  66 break if stays above .85

[10:05] {dino} 9.91

[10:05] {larisa} k

[10:06] {dino} 10 feels like big magnet, plus options exp two weeks

[10:06] {larisa}  I like 10, but may be too optimistic :)

[10:07] {dino} well, look at it this way. it shouldn't get there, so if it does, it shouldn't stay there

[10:07] {larisa} lol

[10:07] {Threei}  HIG CEO: COMPANY WELL CAPITALIZED AT END OF 2008, NOT CONTENT WITH Q4 PEFORMANCE - CONF CALL

[10:07] {dino}  if it does, it does, if not so what, looking for others

[10:08] {dino} dltr coming down

[10:08] {dino} fdo w/it

[10:08] {dino} ot; i stopped at dltr last night, beef jerky

[10:09] {Threei} Long Setup:  RIMM  59 break if stays above .85

[10:11] {magoo} in

[10:11] {_wulff} in

[10:12] {magoo} out STT .52...lucky

[10:13] {Threei}  you held?

[10:13] {Threei}  wow

[10:13] {Threei}  nice one

[10:13] {magoo} yeah partialed

[10:13] {magoo} then held 300

[10:13] {magoo} new its wild

[10:14] {Threei}  half out RIMM

[10:14] {Threei}  stop to .95

[10:15] {Threei}  1/4 more out .31

[10:15] {magoo} waiting .57

[10:15] {buyemsellem} very nice call Vad

[10:15] {Threei}  ty

[10:16] {Threei}  not often RIMM gives a chance to play with 15 cents stop

[10:16] {Threei}  that weas clean setup

[10:16] {cujo} very clean

[10:16] {cujo} thanks

[10:16] {Threei}  welcome

[10:16] {Threei}  hit 1:3

[10:16] {Threei}  took me out at .45

[10:17] {_wulff} holding for DT

[10:19] {magoo} STT darn

[10:19] {Threei}  who lacks adrenaline...HIG short smaaal shares

[10:19] {Threei}  with stop above 14

[10:20] {cujo} hig?

[10:20] {cujo} .14?

[10:20] {Threei}  11

[10:20] {cujo} ok got ya

[10:20] {magoo} out rimm TY

[10:22] {Threei}  US SENATE MAJORITY LEADER REID: SENATE HAS MADE PROGRESS ON STIMULUS PACKAGE, MAY BE A VOTE TODAY BETWEEN 5-7PM

[10:22] {Threei}  - Notes belief that the Senate can 'work something out' on stimulus bill.

[10:22] {Threei}  - reminder: yesterday Reid said that if a vote does not come today, it may occur on Sunday.

[10:22] {Threei}  lol

[10:23] {Threei}  [08:54] {Threei} expect more of headlines today

[10:23] {Threei}  [08:54] {Threei} "in three hours... now, later today... no, over the weeked... we have votes... we have no votes"

[10:25] {dino} the emporer has no cloths

[10:26] {magoo} RIMM vad?reload?

[10:26] {Threei}  not sure

[10:27] {magoo} i think its gonna go..just would rather hit pullbk

[10:27] {Threei}  market slowed down so much, I can't gauge sentiment

[10:28] {Threei}  GS can though, lol

[10:29] {Threei}  can you believe PEIX price?

[10:29] {magoo} used to be player

[10:29] {magoo} 20 aresa i think

[10:29] {dino} sm l fdo .98

[10:30] {Threei}  ethanol play

[10:30] {Threei}  btw larisa

[10:30] {Threei}  STT will never stop

[10:30] {Threei}  it will go up from here and forever

[10:31] {magoo} reminds of DRYS back when

[10:31] {magoo} just kept going

[10:31] {larisa} 1 sec ago i thought you should say that

[10:31] {Threei}  I am so predictable?

[10:32] {larisa} like all men

[10:32] {nemo} like all women too

[10:32] {larisa} why STT so strong ? no pullbacks at all

[10:35] {Threei}  ugh, in morning heat forgot to post

[10:35] {Threei}  that half of PALM I rebought yesterday at 8.08, sold it at 8.30 on morning spike

[10:35] {Threei}  and bought back 8.10

[10:36] {Threei}  OK, this is not an easy call by any means

[10:36] {Threei}  and consider it discretional

[10:36] {magoo} OY

[10:37] {magoo} ilkl have to go do it

[10:37] {Threei} Long Setup:  DRYS  .20 break

[10:37] {magoo} ill

[10:37] {magoo} oh NO

[10:37] {magoo} not that

[10:37] {Threei}  discretionary mags... know the word?? :)

[10:37] {cujo} stop?

[10:37] {cujo} or where invalidated?

[10:37] {Threei}  means, if you don't take it I am not going to chase you with hammer in hand

[10:37] {magoo} looking it up in pictionary right now

[10:38] {Threei}  there are two supports for it cujo,

[10:38] {Threei}  6.10 and 6.05,

[10:38] {Threei}  I am waiting to see which of them holds

[10:38] {Threei}  to define the stop level

[10:38] {cujo} got ya.

[10:38] {magoo} i thought u were going to call STT long

[10:38] {magoo} 32 in the cards

[10:39] {Threei}  STT will never ever stop going up, so just buy it anywhere

[10:39] {Threei}  kidding of course

[10:39] {Threei}  or am I...

[10:39] {magoo} KIDDING"???

[10:39] {magoo} oh no

[10:40] {hawkfan4} gap fill and 50 day at 34.50 for STT

[10:42] {magoo} read on GS hawk?

[10:44] {hawkfan4} kind of a bull flag break over 94.35, but needs the market

[10:45] {hawkfan4} needs to hold 94

[10:47] {hawkfan4} in .32, stop 94

[10:47] {magoo} in .24 here

[10:47] {hawkfan4} nice

[10:48] {Threei}  what he didn't tell you hawk is that he sold at .32...

[10:48] {magoo} lol

[10:48] {Threei}  :)

[10:48] {hawkfan4} lol, hey, it's a profit ::)

[10:48] {magoo} out .65 here TY HAWK

[10:48] {hawkfan4} nice, np

[10:49] {magoo} vadf..any read STT

[10:49] {hawkfan4} out .80

[10:50] {Threei}  wtg hawk

[10:50] {hawkfan4} thx

[10:50] {Threei}  it needs serious pullback mags...

[10:54] {Threei}  and market says no pullbacks

[10:54] {hawkfan4} GS little cup/handle break over hod

[10:54] {magoo} well..actually

[10:54] {magoo} should i fess up?

[10:54] {Threei}  let me guess

[10:54] {Threei}  you bought it a dollar ago?

[10:54] {magoo} give serious guess..see if u know me

[10:55] {larisa} 31.50 ?

[10:55] {magoo} hit .60 exit .89

[10:55] {magoo} and its still going

[10:57] {dino} chtt sm l .12

[10:57] {cujo} Hawk, c&h still valid?

[10:58] {hawkfan4} yeah, but need 95 break, and should hold above .50 area

[10:58] {patience} Potash having a happy day

[11:00] {magoo} i still like GS pullbks better than breaks ..just my opinion

[11:01] {magoo} but HAWK really nails it

[11:01] {hawkfan4} yeah, me too, hard to call them.  close to .50 with stop under .50

[11:01] {dino} he has that eagle eye

[11:02] {hawkfan4} hawkeye

[11:02] {magoo} tends to fall fa'the' than 'easonable hawk

[11:02] {hawkfan4} yep here she goes

[11:02] {dino} itt sm l .95

[11:03] {dino} opps

[11:03] {dino} "hawkeye"

[11:03] {hawkfan4} :)

[11:03] {magoo} M*A*S*H*?

[11:04] {magoo} u old enough to remember that show?}

[11:04] {hawkfan4} i'd be more like Klinger

[11:04] {magoo} cross dresser/

[11:05] {hawkfan4} lol :)

[11:05] {hawkfan4} GS in action, breaks out then slams everyone who bought it

[11:06] {cujo} nother break out coming

[11:06] {cujo} ?

[11:06] {magoo} hey vad..can u post something i said yesterday?is it possible

[11:06] {dino} don't do it vad

[11:06] {hawkfan4} think so cujo

[11:06] {Threei}  it's possible but I won't

[11:07] {dino} ty

[11:07] {magoo} i said to dino jobs # would be "non event"

[11:07] {magoo} nonissue i believe

[11:08] {magoo} ChanServ kickin butts again

[11:08] {dino} and i think i said "never know until you bet"

[11:10] {dino} channelserv used to be a bouncer at ny clubs for investment bankers

[11:10] {magoo} WOW vad..u seriously won't? :)

[11:10] {Threei}  dino said I shouldn't

[11:11] {_wulff} 1.0 on RIMM

[11:11] {magoo} nice

[11:11] {Threei}  wth wulff

[11:11] {dino} thats why i pay you the big bucks vad

[11:11] {magoo} but wuff...............................

[11:11] {dino} gj wolf

[11:11] {Threei}  great pastience

[11:11] {Threei}  well, you indicated you intended to hold it for day trade

06[11:11] * magoo slaps _wulff around a bit with a large indecent profits for a newbie while well are scalpin

[11:11] {Threei}  kept your plan

[11:11] {_bobv} hi 

[11:12] {Threei}  so reward is well deserved

[11:12] {hawkfan4} nice job

[11:12] {Threei}  hi bobv

[11:12] {Threei}  welcome

[11:12] {_bobv} thanks

[11:12] {magoo} bobv:)

[11:12] {_wulff} sm l though

[11:12] {Threei}  whatever

[11:12] {Threei}  +1 is +1

[11:13] {_wulff} pays for the month

[11:13] {Threei}  and RIMM is not your father's oldsmobile

[11:13] {cujo} that is hardly small.... :)

[11:13] {Threei}  this thing can hurt badly if you are not careful

[11:13] {_wulff} so noted in my history

[11:14] {Threei}  although lately it much more tame

[11:14] {Threei}  used to be way wilder

[11:14] {magoo} yeah vad...good times ..sigh

[11:14] {_wulff} held 100

[11:16] {KSystems} lol magoo

[11:16] {dino} qsii

[11:24] {Threei}  PALM... I repeated that trick with reentering and reselling twice already

[11:24] {Threei}  at some point it won't pull back anymore or won't recover, lol

06[11:30] * magoo slaps &Threei around a bit with a large a nice big slap on back for vad patting himself on back AFTEr{not before} he does something good

[11:30] {Threei}  that's deep

[11:35] {hawkfan4} STT pretty good pullback

[11:35] {Threei}  I would me more jazzed about 31 at least

[11:38] {hawkfan4} your wish is stt's command

[11:38] {Threei}  lol

[11:39] {Threei}  looks much better now

[11:39] {Threei}  can start trying for bounces

[11:39] {Threei}  on our usual setup

[11:39] {Threei}  .10 break if holding 31

[11:39] {Threei}  if not holding, watch for next consolidation range and break

[11:40] {Threei}  1:1

[11:40] {Threei}  easy money

[11:41] {Threei}  1:2

[11:41] {Threei}  anyone??

[11:41] {hawkfan4} yessir. needed that cuz i completely whiffed on GS  while i was watching STT

[11:41] {cujo} out 1:1 Vad

[11:41] {Threei}  :0

[11:41] {cujo} :)

[11:41] {pita} missed

[11:42] {hawkfan4} HIG .45 break vad?

[11:42] {Threei}  yeah... chart wise

[11:42] {Threei}  stock wise, look into your soul

[11:43] {larisa} lol

[11:43] {Threei}  and decide if you are comfortable with this piece of crap :)

[11:43] {hawkfan4} lol :)

[11:44] {hawkfan4} once you've traded GERN, any other pos smells like roses 

[11:44] {Threei}  lol

[11:48] {_vinthombre} vad- your thoughts on AKAM for long position

[11:48] {dino} like looking thru to next office (ducking)

[11:50] {Threei}  not sure about AKAM...

[11:50] {_vinthombre} k, thanks

[11:52] {Threei}  it tries to shape into break

[11:53] {Threei}  with .25 trigger

[11:53] {Threei}  I just am not sure this is a good time of the day for breakouts

[11:55] {hawkfan4} STT shaping up for more

[12:03] {Threei}  and what do you know

[12:03] {Threei}  like charm

[12:03] {Threei}  don't buy this level third time

[12:07] {dino} thor

[12:09] {Threei}  we got new advisory team

[12:09] {Threei}  on economic recovery

[12:09] {Threei}  I feel much more confidfent now

[12:09] {Threei}  do you?

[12:09] {hawkfan4} no

[12:09] {Threei}  come on

[12:10] {Threei}  it's a brand new team

[12:10] {Threei}  well... some members of it are not very new

[12:10] {dino} how many teams does he need

[12:10] {Threei}  actually none is

[12:10] {Threei}  but hey, it's two teams now

[12:10] {dino} just hiring and making teams up like crazy

[12:10] {Threei}  twice the confidence

[12:10] {_vinthombre} they are not politicians

[12:10] {_vinthombre} good thing i beleive

[12:11] {larisa} he wants representation of all layers

[12:11] {dino} some kind of religion team yesterday

[12:11] {Threei}  I'd better left economic recovery to religion team

[12:11] {larisa} this is why you are not our president :) 

[12:12] {dino} out chtt .67 +.55

[12:12] {cujo} dino, i just sendt you a link on something i read on THOR

[12:12] {Threei}  no kidding... if I were, you'd have 10 times as many failed banks, lolo

[12:12] {dino} lol larisa

[12:12] {dino} we might just stop all th b.s. and get to work

[12:12] {Threei}  'cause no frigin way any of them would get a penny with no strings attached

[12:13] {dino} daytraders running the country, things would get taken care of fast

[12:13] {Threei}  and btw... see how STT lost 21 on a third time?

[12:13] {Threei}  31

[12:13] {Threei}  [12:03] {Threei} don't buy this level third time

[12:15] {Threei}  I may be not as radical as dino in "let them all fail", after all LEH failure showed outcome could be really beyind the worst nightmare... but come on, if we give them money to restore credit flow with no condition to start lending and no mechanism of checking on them and no putcome for them?

[12:16] {Threei}  what else do we expect other than them taking money and using it for any other purpose

[12:16] {dino} perhaps we should ask obama to appt us as a team

[12:17] {dino} lol

[12:17] {Threei}  Tracking Baiout Bilions on CNN

[12:17] {Threei}  good luck tracking them

[12:18] {Threei}  as two teams dino... this way we will look more solid

[12:18] {Threei}  and we can appoint magoo as mediator betwen us

[12:19] {Threei}  under condition he always has beer for negotiations

[12:19] {buyemsellem} I'll be on the committee that investigates what went wrong with the teams

[12:19] {Threei}  again, with beer

[12:19] {Threei}  'cause you know... giotta right the wrongs at some point

[12:22] {dino} bottom line, committees (TEAMS) are timid, they are used to hide behind

[12:23] {Threei}  and, you know what camel is, right?

[12:23] {Threei}  it's a horse designed by big commitee

[12:25] {dino} thor sm l .56

[12:25] {dino} lol

[12:27] {dino} pizza hut cajun wings, they have some "heat"

[12:28] {dino} need a beer that you mentioned above

[12:31] {Threei}  HIG

[12:31] {Threei}  HEARING DEFENDED AT CITIGROUP

[12:31] {dino} confidence inspiring

[12:31] {hawkfan4} lol

[12:31] {Threei}  they sure are in position to defend someone else...

[12:34] {Threei}  well well well PALM

[12:35] {hawkfan4} halle friggin lujah

[12:35] {dino} thor stop ton .99

[12:35] {Threei}  lol

[12:35] {dino} to .06

[12:36] {dino} out thir .06, +.50

[12:37] {dino} too tight

[12:37] {larisa} nice 

[12:37] {hawkfan4} i'm gonna go make lunch so i don't look at PALM

[12:37] {dino} ty larisa baby

[12:38] {Threei}  PALM is up 70 cents from our swing entry

[12:41] {pita} gotta go, happy hunting

[12:41] {Threei}  take care pita

[12:42] {dino} cya pita

[12:52] {magoo} vad..thoughts today..sell off or resume up

[12:52] {Threei}  lol

[12:53] {Threei}  I just wanted to suggest to start making bets

[12:53] {magoo} hmmmmmm

[12:54] {Threei}  ok, considering that larisa is watching and my job is to irritate the heck out of her: +300

[12:55] {larisa} not serious, not eating healthy, plus gamblers.. very irritating

[12:55] {Threei}  not eating healthy?

[12:56] {Threei}  what could be healthier than bacon explosion?

[12:57] {magoo} i like bacon

[12:57] {hawkfan4} GERN spike with volume

[12:58] {cujo} have you ever had a fried twinky?

[12:58] {Threei}  no but I like traditional ukrainian food: pork belly covered in chocolate

[12:59] {cujo} :( ugh... Joking right?

[12:59] {buyemsellem} I've had bacon covered in chocolate

[12:59] {buyemsellem} It's excellent

[12:59] {hawkfan4} :)

[13:00] {ese} ya'll have a good weekend ya hear......just a watchin day for me......always injoy it

[13:00] {hawkfan4} later es

[13:00] {Threei}  take care ese... hope you feel better

[13:00] {ese} later hawk

[13:00] {ese} vad

[13:00] {magoo} ferel better es

[13:01] {magoo} l STT ,80

[13:01] {hawkfan4} .75 ;)

[13:02] {magoo} GS..thoughts hawk?

[13:02] {hawkfan4} up, .50 support

[13:02] {larisa} I say +125 for EOD, if Vad lose, I will trade his account on Monday. good punishment I think. 

[13:03] {hawkfan4} geesh

06[13:03] * Threei urgently withdraws all but $200 from his trading account

[13:03] {larisa} do not cheat

[13:03] {cujo} no worries Hawk, you still have an outstanding record with GS...

[13:03] {hawkfan4} yeah, it can be nasty when it wants to

[13:04] {hawkfan4} a buck in 2 minutes

[13:04] {dino} +76 dji my bet

[13:05] {larisa} :)

[13:05] {magoo} dont want GS to lead mkt down

[13:05] {magoo} covered STT .94

[13:05] {magoo} prob reload

[13:05] {dino} thor pullback again

[13:08] {magoo} reloaded .965

[13:08] {Threei}  larisa... as market ticking up, I start asking myself... what do I get if my forecast comes true?

[13:09] {Threei}  and no, asnwer "I won't trade your account" is not good enough

[13:09] {dino} sm risky, l rate .00

[13:09] {patience} larisa, give him the unsalted, lightly smoked bacon

[13:09] {Threei}  unsalted??

[13:10] {larisa} no,  he will trade my account for a month if he wins, as a reward

[13:10] {Threei}  unsalted bacon is perversion

[13:12] {cujo} so is turkey bacon...

[13:17] {dino} agreed

[13:17] {dino} like eating hot cardboard

[13:18] {Threei}  lol

[13:18] {cujo} ha ha ha which i actually do eat from time to time. 

[13:19] {cujo} AAPL 100 today?

[13:19] {dino} beggin' strips probably taste better

[13:19] {cujo} it's bacon!

[13:20] {dino} lol

[13:21] {magoo} vad..u are missing the greatest up day of the YEAR????

[13:22] {patience} 218 points?

[13:22] {Threei}  mags... stop this pressure

[13:22] {Threei}  first, we had way bigger days

[13:22] {Threei}  and will have more

[13:22] {magoo} really

[13:22] {Threei}  second, do you see entries?

[13:22] {Threei}  share

[13:22] {magoo} just kidding

[13:23] {Threei}  in order to capture gain hard to read on intraday chart I called a swing trade two days ago

[13:23] {Threei}  it's up 80 cents, on a cheap stock

[13:24] {_vinthombre} vad- is FAS looking ok for entry?

[13:24] {_vinthombre} or too much uncertainity

[13:25] {Threei}  I would feel much better about it on plullback into .30 area

[13:25] {Threei}  breaks rarely work on this one

[13:25] {Threei}  today some did

[13:25] {Threei}  but main thing that keeps me away from it is this senate bickering

[13:26] {_vinthombre} got it, thanks

[13:26] {Threei}  scared to imagine what happens if someone comes on CNBC and says no votes for the bill

[13:26] {Threei}  and they do it constantly

[13:26] {Threei}  just remember TARP discussion in late Sept

[13:26] {magoo} MS has fallen to day low

[13:26] {patience} i am in cash, i am ready to go shopping if the market goes on sale

[13:26] {Threei}  market would drop or jump 50 points in a amtter of seconds of each such comment

[13:27] {elepet} are you still holding PALM?

[13:27] {_vinthombre} very true

[13:27] {Threei}  yes elepet

[13:27] {elepet} so am i

[13:27] {Threei}  I want closer to 9 to unload, or start unloading

[13:27] {elepet} Is it close to the big Kahuna?

[13:28] {Threei}  JNPR

[13:28] {Threei}  watch this pullback

[13:28] {Threei}  nice quick 20 cents drop

[13:28] {Threei}  .50 closest support

[13:29] {Threei}  would like to see couple more downticks, holding .50 and crossing .60 with market sreuming upward

[13:40] {hawkfan4} out STT .22

[13:41] {dino}   out fdo .10, all day for +.12

[13:42] {dino} out itt .05, +.10, all day

[13:43] {larisa} HIG serious short covering

[13:44] {dino} rate stop to .09, bad entry

[13:44] {Threei}  sentiment changed on HIG

[13:44] {Threei}  I'd look for pullback to try it long

[13:44] {Threei}  11.80 feels right

[13:44] {dino} dltr going for open gap fill

[13:45] {dino} rate out .11 ave, +.11

[13:46] {dino} brb

[13:52] {Threei}  here comes HIG selling

[13:52] {Threei}  let's keep it to half lot

[13:54] {Threei}  a bit too shallow pullback...

[13:57] {_vinthombre} vad- JNPR , is it developing decending traingle?

[13:58] {_vinthombre} or it doesn't matter

[13:58] {Threei}  pretty much depens on market's next move... can be what you said, can be bull flak

[13:58] {Threei}  see how volume dried up on this retreat?

[13:59] {Threei}  flak = flag.... lol

[13:59] {_vinthombre} oh yes..i didn't look at it

[14:00] {Threei}  if market resumes up and breaks day high, JNPR will be long with stop under .50

[14:00] {Threei}  ideal scenario for us would be:

[14:00] {Threei}  sharp spike NQ,

[14:00] {Threei}  JNPR little delay

[14:00] {Threei}  giving us window for entry

[14:00] {Threei}  then this thing would follow the market

[14:04] {Threei}  see how its drifting with market?

[14:04] {_vinthombre} yep

[14:05] {Threei}  HIG becomes more like it

[14:07] {Threei}  grrr

[14:07] {Threei}  no way to read that entry under 12

[14:08] {Threei}  jeez

[14:15] {Threei}  CA) CANADIAN PM HARPER: US AND CANADIAN UNEMPLOYMENT NUMBERS ARE 'BAD NEWS'

[14:16] {Onix} really!

[14:18] {dptl} got to go...have a good weekend all

[14:18] {Threei}  take care dp

[14:18] {_vinthombre} bye dp

[14:21] {dino} dltr gap filled

[14:22] {dino} cya dp

[14:23] {Threei}  HIG complteted bull flag

[14:24] {Threei}  try half lot as close to 12 as you can get

[14:24] {Threei}  US HOUSE SPEAKER PELOSI: SENATE MAY HAVE ECONOMIC STIMULUS PACKAGE 'TODAY'

[14:24] {Threei}  - Note: This affirms Sen Maj Leader Reid's comments earlier

[14:27] {Threei}  if you got HIG, half out

[14:28] {Threei}  and try to offer second half above .30

[14:28] {cujo} stop around .90?

[14:28] {Threei}  original was u8nder 12

[14:29] {Threei}  can tgrail to under .10 now for the balance

[14:29] {Threei}  here comes "over .30"

[14:30] {cujo} out

[14:30] {cujo} thanks Vad

[14:30] {Threei}  :)

[14:30] {Threei}  what entry did you get?

[14:30] {Threei}  was impossible to call it exactly, danced around too much

[14:30] {cujo} little high but still good .16

[14:30] {hawkfan4} i got .09 avg, sold 1/2 .33

[14:30] {Threei}  :)

[14:31] {hawkfan4} nice call, thx vad

[14:32] {_vinthombre} good one

[14:32] {Threei}  sheesh

[14:32] {hawkfan4} out rest .73

[14:32] {_vinthombre} still trailing

[14:33] {hawkfan4} hoochie mama

[14:33] {Threei}  I told you gravity was myth

[14:33] {Threei}  but nooo... cosmo had to argue

[14:33] {hawkfan4} love when that happens

[14:33] {Threei}  wtg hawk

[14:33] {magoo} beauty vad

[14:33] {hawkfan4} thx, great call

[14:34] {Threei}  I need to return to my "earth is flat, gravity is myth" philosophy

[14:35] {Threei}  - Pelosi notes that the stimulus bill should 'reject republican policies that initially' created economic problems.

[14:35] {Threei}  - reminder: the first TARP bill was voted down in the House in October after Republicans felt slighted by partisan comments from Speaker Pelosi.

[14:35] {Threei}  somuch for bi-partisanship

[14:35] {Threei}  is she determinded to derail whole thing?

[14:36] {dino} dltr sm l .25

[14:36] {_vinthombre} vad- JNPR coming back?

[14:37] {Threei}  I would expect more activity on it with this market move

[14:37] {Threei}  maybe tired already

[14:37] {_vinthombre} no volume also

[14:37] {Threei}  not sure... just not much willingness on it

[14:37] {Threei}  if market stages stunning move it still should follow

[14:38] {Threei}  but so-so lukewarm move by market will hardly inspire JNPR

[14:38] {dino} ]stunning move, lol

[14:42] {Threei}  GE

[14:42] {Threei}  DECLAIRES $0.31 SHARE DIVIDEND

[14:43] {dino} sm l itt .75

[14:47] {Threei}  HIG nears next bounce zone

[14:47] {dino} almost 10% annually, they will be cutting that soon

[14:50] {magoo} .15 area u thinking?

[14:51] {Threei}  unless market totally loses it, may not go that low

[14:51] {Threei}  .20 - .30 rather

[14:51] {Threei}  although... it's HIG...

[14:55] {magoo} STT bounce somewhere vad?

[14:55] {elepet} I just took profits on several stocks but am still holding Palm.  Tomorrow I leave for Mexico and internet connect may not be that reliable.so am wondering what to do with Palm. Sell or good till cancelled order at about 8.90?

[14:57] {_vinthombre} hig did it again

[14:57] {dino} brittany spears stock

[14:58] {larisa} lol

[14:58] {Threei}  don't know what to say elepet... I hate trading with no control

[14:59] {Threei}  who knows what can happen

[15:00] {Threei}  DEC CONSUMER CREDIT: -6.6$ V -$3.5BE

[15:01] {Threei}  US TREASURY'S PLAN TO BE RELEASED MONDAY WILL TARGET CREDIT FLOW GROWTH, CREATE 'LASTING RECOVERY'

[15:01] {nemo}  Wonder if that'll be sell the news

[15:02] {elepet} yeah me too. by the way, before everyone leaves for the day, I want to say so long, and thanks. I've enjoyed being here and have learned alot from you. I cancelled the RT automatic payment, but may have a few days left in Mexico.  will be back in March.

[15:03] {Threei}  we will be ere elepet

[15:03] {Threei}  here

[15:03] {Threei}  have a great vacation

[15:03] {hawkfan4} enjoy elepet

[15:04] {larisa} bye elepet, enjoy the sun :) 

[15:05] {Threei}  ASTM REPORTS Q2 R$28K V $84K Y/Y

[15:05] {Threei}  ummm

[15:05] {Threei}  my personal revenue is way higher than that company

[15:05] {dino} elep have fun

[15:05] {Threei}  HIG

[15:06] {nemo} fas hasn't turne quite yet

[15:08] {Threei}  perfect bounce from that .20 - .30 zone

[15:13] {Threei}  market looks like ready to reverse a bit

[15:13] {Threei}  and PALM forms double bottom

[15:14] {Threei}  .37 long if holding .30

[15:16] {Threei}  .40 break now should take it closer to .50 for 1:1

[15:22] {dino} thor sm l .09

[15:30] {cujo} have to go get taxes done.  C'ya tomorrow. 

[15:31] {Threei}  that's what you get for profitable trading

[15:31] {cujo} :)

[15:31] {Threei}  take care cujo... but we won't be here tomorrow

[15:31] {cujo} geez, going nuts

[15:31] {cujo} see you all monday.  

[15:31] {Threei}  anyone did PALM?

[15:31] {cujo} yup

[15:31] {Threei}  :)

[15:31] {cujo} out .42 for 1:1

[15:31] {Threei}  clean double bottom

[15:32] {patience} thank you for that image

[15:32] {Threei}  ummm

[15:32] {patience} sorry, i'm bored

[15:32] {Threei}  yeah, sounded better in m y head

[15:32] {dino} lol

[15:33] {Threei} Long Setup:  STT  half lot 30.10

[15:33] {Threei}  if stays above 29.90

[15:34] {Threei}  half out

[15:38] {Threei}  out in full .50

[15:38] {Threei}  +.38

[15:38] {Threei}  everyone's asleep?

[15:38] {hawkfan4} me 2, thx, great one

[15:38] {magoo} i hit it..out .49 TY

[15:38] {Threei}  okay :)

[15:38] {_vinthombre} i'm watching HIG

[15:38] {Threei}  I thought I was last one stan... trading

[15:39] {magoo} NICE boss

[15:39] {Onix} ty Vad, got some $ in STT

[15:39] {Threei}  cool beans

[15:39] {buyemsellem} veeeery nice on the STT

[15:39] {Threei}  I have to say, this was a nicely profitable but for some reason tiring week

[15:39] {Onix} earlier in HIG also thanls hey

[15:39] {Threei}  I for one feel like I ewas carrying potato bags on my back

[15:40] {Threei}  onix :)

[15:40] {magoo} agree..i am exhausted but had best week in awghile

[15:40] {Onix} :D

[15:40] {Threei}  see mags... and you though this market blows

[15:40] {magoo} i told u..wghen i complain..i am usually wrong..so i complain to make it work for us..strategy

[15:41] {Threei}  oh

[15:41] {Threei}  got it

[15:41] {patience} i'll drink to that magoo

[15:41] {magoo} very deep

[15:41] {Threei}  annoying... but if it works, but I'll make my peace with it :)

[15:41] {Threei}  minus one but

[15:41] {Threei}  and again... sounded better bewfore I said it

[15:42] {Threei}  I can just see larisa typing: look who is talking, you are the last person to call other people annoying

[15:42] {jmb} late but thanks for PALM

[15:42] {Threei}  kmb :)

[15:43] {Threei}  HIG is quite amazing

[15:43] {magoo} any setup?

[15:44] {Threei}  +230

[15:44] {Threei}  I need 70 points more

[15:45] {larisa} see you monday good people, have a great weekend :)

[15:45] {magoo} u too]

[15:45] {hawkfan4} u 2 :)

[15:45] {Threei}  wait!

[15:46] {Threei}  65 more points and I'll be needing username and pasword for your account

[15:46] {_vinthombre} will hig toich 13?

[15:46] {dino} cya larisa

[15:46] {_vinthombre} touch

[15:46] {Threei}  feels so

[15:46] {Threei}  oh... I didn't notice she said good people

[15:46] {Threei}  doesn't include me

[15:47] {dino} giddy-up feel

[15:51] {magoo} yeah..u were particularly mean to magoo today :)

[15:51] {Threei}  hmmm... today was somehow different from any other day?

[15:52] {Threei}  wow, big drop HIG

[15:52] {magoo} felt lilharsher

[15:52] {nemo} He didn't want you to be all full of yourself after your great week

[15:52] {Threei}  it only means I was not in a very good shape on other days mags :)

[15:53] {dino} cleanup time

[15:55] {Threei}  some ptofit-taking into close in the market but nothing earthshaking

[15:55] {Threei}  5 points NQ

[15:55] {Threei}  HIG of course dropped whole 50 cents but that's HIG

[15:56] {dino} out dltr -.02

[15:56] {dino} out thor +.06

[15:57] {Threei}  had we had 15 more minutes, PALM would be an entry here again

[15:57] {dino} thx all for ideas, decent week. 

[15:57] {Threei}  okay guys

[15:57] {Threei}  thank you all

[15:57] {hawkfan4} ditto, best week in a while, thx all

[15:57] {Threei}  have a great relaxing weekend

[15:58] {buyemsellem} thank you have a good weekend

[15:58] {Threei}  congratulations on good work

[15:58] {Threei}  see you on Monday

[15:58] {hawkfan4} enjoy the weekend all

[15:58] {Threei}  and if coju come here tomorrow to trade, someone slap him with a trout

[15:58] {Threei}  cujo

[15:58] {Threei}  US) REPORTEDLY FINAL SENATE PASSAGE OF STIMULUS BILL IS NOT LIKELY TODAY

[15:58] {Threei}  there you go

[15:59] {Threei}  didn't we foretold this

[15:59] {Threei}  foretell too

[15:59] {dino} shocking

[15:59] {dino} gotta hop

[15:59] {magoo} pat back FIRST vad

[16:00] {Threei}  what's second?

[16:00] {magoo} first=before 

[16:00] {magoo} as in u just congrats yourself

[16:01] {Threei}  I am lost but what else is new :)

06[16:01] * magoo slaps &Threei around a bit with a large a thanx and have good weekend..think fondly of magoo

[16:02] {Threei}  I'll try... but can't promise

[16:02] {nemo} bye boys and girls

[16:03] {magoo} could u at least if u see someone doing something really stupid think of me?

[16:03] {Threei}  in the mirror

[16:03] {Threei}  always

[16:03] {_vinthombre} thanks Vad, have a great week end..see u on Monday

[16:03] {Threei}  take care vinthombre

[16:03] {_vinthombre} bye all