Feb 13 2009

Nice strong day. 7 calls, 6 of them wins. Got the idea of the rally right, managed to time it and get nice trade on FAS. Good way to finish the week before the long weekend.

Session Time: Fri Feb 13 00:00:00 2009

[08:12] {Threei}  Good morning

[08:13] {nemo} Well...I'll give you the morning part :)

[08:13] {Threei}  BALTIC DRY BULK INDEX FALLS 4.1%, SECOND STRAIGHT DECLINE

[08:13] {Threei}  I amnimble, I'll take it

[08:16] {magoo} morning

[08:16] {nemo} morgen

[08:17] {Threei}  magoo

[08:17] {larisa} good morning :)

[08:18] {nemo} Hi Larisa

[08:18] {larisa} nemo, threei :)

[08:18] {Threei}  larisa :)

[08:18] {Threei}  PALM had news yesterday after close

[08:19] {Threei}  02/12/09 04:16pm

[08:19] {Threei}  [QCOM] Qualcomm Inc Introduces new chipset targeting sub-$150 smartphones

[08:19] {Threei}  - Announced the new Mobile Station Modem(TM) (MSM(TM)) MSM7227(TM) chipset designed to enable high-performance, sub-$150 Smartphones.

[08:19] {Threei}  - The MSM7227 solution will offer advanced processing and rich multimedia while utilizing HSDPA/HSUPA for broadband data speeds over 3G networks. It also can support all leading mobile operating systems including Android, Symbian S60, Windows Mobile(R) and BREW(R) Mobile Platform.

[08:19] {Threei}  02/12/09 09:18pm [PALM] Macquarie Initiates PALM with buy, price target: $10

[08:19] {Threei}  06:52am [PALM] Credit Suisse Initiates PALM with Outperform, price target: $11

[08:39] {Onix} gm all

[08:39] {Threei}  onix :)

[08:41] {magoo} thoughts on PALM vad

[08:42] {Threei}  none yet... gap is gap, gotta see how it trades

[08:42] {Threei}  aside of upgrades, no real news on it came out yet

[08:43] {Threei}  whch means major deal stock moves on is still ahead

[08:43] {Threei}  and may or may not materialize

[08:43] {Threei}  look how GERN got smacked yesterday after hours

[08:43] {Threei}  those who simply kept it counting on news got hit

[08:44] {cujo} good morning

[08:44] {Threei}  cujo :)

[08:45] {magoo} ok

[08:47] {Threei}  one thing bothers me about yesterday rally

[08:47] {Threei}  it started at 15.10

[08:48] {Threei}  news that is considered to trigger it came out at 14:59

[08:48] {Threei}  11 minutes for major players capable of moving market that much to see and digest news of such magnitude?

[08:48] {Threei}  something doesn't add up here

[08:50] {Threei}  one more curious divergence:

[08:50] {Threei}  CAT is widely expected to be one of major benefitters of stimulus plan

[08:51] {Threei}  and in fact said itself as much

[08:51] {Threei}  yet no any meaningful move last days

[08:51] {Threei}  to me, looks like there is no absolute confidence in the market that the deal will pass

[08:52] {Threei}  margins are so thin, no one wants to bet

[08:52] {Threei}  it hangs on what, 3 votes?

[08:55] {Threei}  Gregg's wathdrawal doesn't help either

[08:56] {Threei}  REPORTEDLY A G7 SOURCE NOTES THE ROME COMMUNIQUE WILL INCLUDE A COMMITTMENT TO FREE TRADE

[08:56] {Threei}  - G7 members have been expressing concerns over protectionism in recent sessions

[09:00] {Threei}  GERN CONFIRMS PRCING OF 7.25M SHARE OFFERING

[09:01] {Threei}  - Pricing of an underwritten public offering of 7.25 million shares of its common stock. The offering is expected to close on February 19, 2009.

[09:01] {Threei}  - On February 12, 2009, the last reported sales price of Geron common stock on the Nasdaq Global Market was $7.77

[09:02] {fernp} Hello everybody

[09:02] {Threei}  fern :)

[09:03] {Threei}  hmmm... no pricing in the news

[09:03] {Threei}  I don't think it's 7.77

[09:09] {dino} gm all

[09:09] {Threei}  dino :)

[09:12] {magoo} i lost the icon to other other old trading room..that was how dino and i were getting into mirc, anyway to get that back?real

[09:12] {magoo} i am in bogus room yester and today

[09:12] {magoo} this driving me crazy

[09:12] {cosmo} i know the feeling

[09:12] {Threei}  go to:

[09:13] {Threei}  my computer - C - program files - mirc

[09:13] {magoo} i know im an idiot, but i gotta get this resolved

[09:13] {Threei}  find mirc.exe file,

[09:13] {Threei}  right click,

[09:13] {Threei}  create shortcut

[09:13] {Threei}  drug that shortcut to desktop

[09:13] {Threei}  and your icon will be back

[09:14] {Threei}  how do icons disappear by themselves...

[09:17] {magoo} no worky..i know we need to focus, but after trading i need someone to walk me ythru this crap

[09:18] {magoo} my system did a scan, then the icon came up"shortcut no longer there"  

[09:18] {magoo} gone

[09:19] {Threei}  but you do have mirc folder?

[09:20] {fernp} click on Star - RUN and write this mags: C:\Program Files\mIRC\mirc.exe

[09:20] {nemo} all he should have to do is highlight mirc.exe and drag it to the desktop

[09:20] {magoo} wheres Star/

[09:21] {ese} password recognizsed....you are now acceptted......good morning

[09:21] {fernp} star = start

[09:21] {magoo} did anyone use the other download successfully?

[09:21] {Threei}  ese :)

[09:21] {magoo} i had troubles with that

[09:22] {magoo} say i never had old room, there was other download

[09:23] {dptl} good morning all

[09:23] {Threei}  dp :)

[09:23] {Threei}  mags... what doesn't work when you do what I described?

[09:24] {magoo} femp..is your slash correct "/"

[09:25] {magoo} where the reverse slash

[09:25] {magoo} its not in there

[09:25] {magoo} vad

[09:25] {Threei}  you don't have mirc folder?

[09:25] {ese} anything sticking out premarket

[09:26] {magoo} lets trade but MAN..io need assistance

[09:26] {magoo} is there a reverse slash????

[09:26] {Threei}  watching PALM, ese... also HIG, FAS, RIMM, CAT

[09:26] {magoo} shit found ittttttttttttttttttt

[09:26] {magoo} lets trade

[09:26] {magoo} make $$$

[09:26] {Threei}  lol

[09:27] {nemo} any crissake trade on RIMM this mornin'?

[09:27] {magoo} if u knew my personality this crap drives me nuts..about ready to smash keyboard

[09:27] {ese} by the way.....exited  QQQQ at .51 yesterday + .51 on a full lot

[09:27] {vint} looks like there is downgrade on RIMM by credit su..

[09:27] {magoo} and dino worse than me...couldnt find reverse slash either

06[09:28] * Threei is really glad he doesn't know magoo's personality

[09:28] {pita} morning all, I'm with magoo, make $$$

[09:28] {dino} nice timing huh vint

[09:28] {Threei}  pita :)

[09:30] {Threei}  RIMM .50 break long half lot

[09:30] {cosmo} SVNT: # FDA extends review time for gout drugAP(Thu 8:39pm)

[09:30] {Threei}  stop under .35

[09:30] {fernp} the slash is correct mags...

[09:31] {nemo} whoa!

[09:31] {nemo} blew right by

[09:31] {Threei}  over 1:1

[09:31] {Threei}  over 1:2, I am out

[09:32] {tomg} out ty vad

[09:32] {cujo} thanks Vad

[09:32] {Threei}  :)

[09:32] {Onix} out ty Vad

[09:32] {buyemsellem} nice thanks

[09:32] {Threei}  welcome guys

[09:32] {pita} I blinked

[09:32] {nemo} look at FS

[09:32] {nemo} fas

[09:32] {Threei}  blinking is prohibited on RIMM{ especially at the open

[09:33] {pita} I see that - reload?

[09:33] {magoo} no kidding..went for coffee..u called trade..missed it

[09:33] {nemo} I gotta' get reading glasses

[09:33] {Threei}  no reload on RIMM for now

[09:33] {dino} lol nemo, bought a pair last night

[09:37] {magoo} mkts losing it a biyt

[09:39] {wulff} PALM

[09:39] {wulff} whatever...

[09:39] {Threei}  lol

[09:40] {Threei}  it got couple upgrades wulff

[09:40] {magoo} one too 11

[09:40] {Threei}  PREVIEW: FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET

[09:40] {Threei}  **consensus expectation: 60.2e v 61.2 prior

[09:40] {Threei}  - analyst estimates range between 56.5 to 64

[09:40] {wulff} got what i needed for now

[09:42] {Threei} Long Setup:  HIG  ..41 if holding above .30

[09:42] {nemo} gone already

[09:43] {magoo} quotes sticking here..anyone else?

[09:43] {Threei}  OK here

[09:43] {pita} yes cannot read qqqq

[09:43] {magoo} are u laser pita?

[09:44] {nemo} you need that neural implant vad...although might get too much unfiltered info

[09:44] {Threei}  Qs 30.45

[09:45] {pita} Yes laser - some charts ok others not

[09:45] {pita} shut it down and restart has fixed

[09:45] {magoo} cause was wondering if its on there side or mine

[09:45] {Threei}  pita, can you give me symbol on a wrong chart?

[09:46] {pita} ???

[09:46] {Threei}  ok... btw you can often fix it without shutting down, just switch a quote server

[09:46] {Threei}  or chart server

[09:46] {pita} tried that - no worky

[09:47] {magoo} which quiote srver u on vad/

[09:47] {Threei}  3

[09:47] {magoo} ty

[09:47] {Threei}  HIG looks salmonish

[09:47] {nemo} FAS is moving up high with it

[09:48] {wulff} and salmonish is?

[09:49] {nemo} against the current

[09:49] {wulff} ah

[09:50] {Threei}  half out HIG .57

[09:50] {Threei}  stop to .35

[09:52] {Threei}  I found new trading pattern

[09:53] {Threei}  every time new bad news come out on economy as a whole, CEDC goes up

[09:53] {Threei}  which is not a surprize when you look at its product

[09:53] {Threei}  before you waste your time looking at the charts, it's a joke

[09:54] {dino} lol

[09:54] {Threei}  cat

[09:55] {dino} stepping back

[09:55] {Threei}  FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: ##56.2 V 60.2E

[09:55] {Threei}  lol

[09:55] {Threei}  big surprise eh

[09:55] {dino} 48 was rimm bottom yesterday

[09:55] {dino} watching

[09:56] {Threei} Long Setup:  CAT  .26 if holding above .15

[09:56] {dino} 47 wmt, 55.65ish mcd, fwiw

[09:58] {magoo} in cat

[09:58] {Threei}  over 1:1, half out, scalpers are scalpers

[09:59] {Threei}  HIG balance stop to under .40

[10:00] {Threei}  CAT balance stop to under .20

[10:00] {dino} wmt sm l .20

[10:00] {magoo} out cat..i am what i am..ty boss

[10:00] {Threei}  (US) FED: EXPANDS FOMC MEETINGS FROM TO TWO DAYS FROM ONE

[10:01] {Threei}  hmm?

[10:01] {Threei}  welcome mags

[10:02] {Threei}  CAT balance stop to under b/e

[10:02] {dino} emr sm l .50

[10:04] {Threei}  options at this point:

[10:04] {Threei}  take full profit on the next spike on both, HIG and CAT

[10:04] {Threei}  or 1/4 more out and leave them trade

[10:05] {Threei}  here is HIG spike

[10:05] {Threei}  1/4 more out .71

[10:05] {wulff} 1.0 on PCLN small

[10:05] {Threei}  stop to under .50

[10:06] {Onix} ty Vad, got some in HIG

[10:06] {Threei}  :)

[10:06] {vint} cat out .42

[10:07] {Threei}  out HIG in full .90

[10:07] {Threei}  +.50 for chrissake

[10:07] {dino} gj

[10:07] {Threei}  ty'

[10:07] {dawg} wtg Vad

[10:08] {Threei}  wow, top-ticked it

[10:08] {Threei}  CAT balance stop to under .30

[10:10] {Threei}  SCLN is strong for some reason

[10:11] {Threei}  noplay there, it's just a sentimental stock for me

[10:11] {Threei}  first I ever bought

[10:11] {Threei}  back in 1996

[10:11] {Threei}  it hunted down some ill mouse and cured it

[10:11] {dino} softie

[10:12] {Threei}  I was impressed, bought it and lost money

[10:12] {larisa} lol

[10:12] {larisa} sorry :)

[10:12] {Threei}  nah :)

[10:12] {Threei}  it's rather funny now to remember what a sucker I was

[10:14] {magoo} i nhavre like no quotes here

[10:15] {joeys} possible cup and handle developing on hig?

[10:15] {joeys} on 2 ion

[10:15] {dino} magoo has pissed off the trading gods

[10:15] {joeys} on 2 min

[10:17] {Threei}  would be much cleaner formation if continued up instead of these two red bars, joyes

[10:17] {joeys} talked too soon

[10:17] {Threei}  no, it was in a process of shaping up when you asked

[10:17] {Threei}  just got ruined

[10:18] {joeys} exactly

[10:19] {Threei}  OK, 3 for 3 so far

[10:19] {magoo} am gonna smash everything i have here

[10:19] {Threei}  dino, you maintaining safe distance from magoo?

[10:21] {magoo} ive tried every server

[10:21] {Threei}  quotes are fine here mags

[10:22] {larisa} designer handle on HIG's cup :)

[10:22] {magoo} i know i know..makes me even madder

[10:22] {Threei}  lol... that one creative designer

[10:23] {Threei}  what is he, working on tableware for aliens?

[10:24] {larisa} just bringing beautiful things into this ugly world

06[10:25] * Threei is going to watch Alien tonight to understand larisa's criteria of beauty

[10:25] {Threei}  RIMM's weakness is remarkable

[10:26] {ese} bstop QQQQ .61 full lot

[10:28] {Threei}  larisa facing her favorite alien:

[10:28] {Threei}  http://www.imdb.com/media/rm1331927296/tt0090605

[10:29] {larisa} Sigurni looks like me ? men..

[10:30] {Threei}  ok guys... if my feeling of what is going to happen today is right,

[10:31] {dino} lol

[10:31] {Threei}  we need to start looking for longs

[10:31] {Threei}  my usual candidate would be RIMM, but something is not right about it today

[10:32] {vint} it is downgraded, right?

[10:32] {magoo} im gonna do new download..maybe thats it

[10:32] {magoo} brb

[10:32] {nemo} yeah, that means buy

[10:33] {Threei}  yes vint

[10:33] {ese} long qqqq .61

[10:33] {wulff} long aapl .04

[10:34] {Threei} Long Setup:  ADBE  .21 if stays above .10

[10:34] {hawkfan4} HIG a 1 min cup/handle asc tri break over 12.90

[10:35] {Threei}  IMO... we are on a verge of a big 'ally starting

[10:36] {Threei}  the only p'oblem is possible shakeouts befo'e all hell breaks lose

[10:36] {ese} out qqqq .75

[10:37] {ese} +.24

[10:37] {dino} you stuttering?

[10:37] {dino} gj es

[10:38] {ese} definately stutering

[10:38] {ese} have so much on the go these days that the q's are about the only thing i can concentrate on

[10:39] {dino} i was talking to vad

[10:39] {Threei}  your yesterday's Qs entry was right on ese

[10:39] {cosmo} HIG needs 13

[10:39] {larisa} why do you think rally, threei? We broke all important supports, but did not test ultimate lows. Just a feeling ?

[10:39] {Threei}  no dino, I am just under strict p'ohibition by larisa to say 'ally

[10:39] {larisa} lol

[10:39] {ese} ya vad ...that worked really well

[10:39] {dino} what is w/ `

[10:40] {cosmo} la'isa .... you mean

[10:40] {dino} oh, no i get it, slow today

[10:40] {Threei}  'ight

[10:40] {Threei}  lol dino

[10:40] {wulff} you in adbe vad?

[10:40] {Threei}  not enough CEDC I guess

[10:40] {Threei}  it triggered... why wouldn't I

[10:40] {Threei}  1:1 btw

[10:41] {Threei}  half out

[10:41] {Threei}  larisa, I am not ingoring your question

[10:41] {Threei}  I am trying to put it in words

[10:41] {ese} man can't add...it's + .14 not 24 sheeesh......what was that that I said about concentration

[10:42] {Threei}  I noticed that ese... but didn't want to go into any math arguments, I always lose those

[10:42] {magoo} back

[10:42] {larisa} ty, i am just interested in your tought train

[10:43] {Threei}  I am flattered that you think I have thoughts... but somewhat disturbed that you considered them "tought"

[10:43] {larisa} sigh

[10:43] {magoo} download seems SEEMS to have worked

[10:44] {dino} alrighty then magoo, grab some brews now that trouble is past

[10:44] {dino} opps, it's only 10:45 check that

[10:44] {magoo} on it dino..u dont gotta ask twice

[10:44] {nemo} Magoo, you don't drink before lunch, do ya'?

[10:45] {Threei}  OK, I am not sure it will be comprehensible enough

[10:45] {magoo} its lunch somewhere in the world right now im sure

[10:45] {cosmo} its lunch everywhere...

[10:45] {nemo} Yeah, that's usually my answer/rationalization too

[10:45] {Threei}  we havce long weekend ahead,

[10:46] {nemo} whoa, that means three hangovers...oy

[10:46] {Threei}  with big piece of legislation hanging by the fingertips

[10:46] {ese} back long Q's .69

[10:46] {Threei}  normal reaction by normal people is,

[10:46] {Threei}  to get out and wait to see what happens

[10:47] {nemo} Did you see where congress put up pdf images of the legislation instead of html files so you can't search it?

[10:47] {Threei}  Did market ever reward normal thinking?

[10:47] {vint} vad- DRYS is crawling upwards

[10:47] {ese} 1/2 jst in case it retreats more

[10:47] {Threei}  I don't know vint... it's seriously damaged

[10:47] {ese} if not i'll be full lot at .76

[10:47] {magoo} thank god mkt doesnt or entire room would be f'ed lol

[10:48] {vint} k,got it

[10:48] {ese} retreating 

[10:48] {magoo} turn into all day project vint imo

[10:48] {Threei}  yesterday was quite indicative

[10:48] {ese} will add the other around .60 or so

[10:48] {magoo} it was the classic cramer indicator vad

[10:49] {Threei}  just when it seemed we are destined to drop couple hundred points, markety staged stunning rally

[10:49] {dino} rimm breakdown

[10:49] {Threei}  and I am still not sure that WH announcement was not just picked as a lame excuse

[10:50] {Threei}  in short, it feels to me, market has set up big trap for bears

[10:50] {Threei}  and it's ready to trigger

[10:50] {cosmo} t'igger

[10:51] {nemo} Pooh?

[10:51] {Threei}  co''ect

[10:51] {larisa} see, for me normal is : market will rally on stimulus, jump on it :) may be i am not normal myself . THank you for explanation

[10:51] {Threei}  when you say rally on stimulus,

[10:51] {Threei}  you mean after it's passed?

[10:51] {larisa} sure, and it will 995

[10:51] {larisa} 99%

[10:52] {Threei}  well... more market-like behavior would be to rally before the passage

[10:52] {cosmo} as you are coming on to it... i thought

[10:52] {Threei}  and drop after, trapping late buyers

[10:52] {Threei}  just as it did with TARP I

[10:53] {Threei}  that it doesn't happen complicates the picture

[10:53] {Threei}  too many factors in play... PR disaster with TARP II upset the normal way

[10:53] {Threei}  no full confidence in passage

[10:54] {Threei}  plus, serious doubts whether the bill itself is as beneficial as administration says it is

[10:54] {magoo} vad u said r word 10:51 bro..u gonna kill it

[10:55] {Threei}  btw, ADBE stop is trailed

[10:55] {Threei}  larisa said it first mags

[10:56] {Threei}  [10:51] {larisa} see, for me normal is : market will rally

[10:56] {magoo} two wrongs dont make a right

[10:56] {cujo} 3 lefts do...

[10:56] {Threei}  they don't???

[10:56] {magoo} but 2 lefts i guess would make a right

[10:56] {magoo} confusing

[10:56] {Threei}  my whole world is crashing...

[10:56] {cujo} 2 lefts turn you around....

[10:56] {larisa} dino, thanks for RIMM alert, scalped breakdown

[10:57] {larisa} vad, ty for CAT call earlier, scalped it too :)  { to be fair}

[10:57] {Threei}  welcome but don't worry... unfair is fine with me

[10:57] {larisa} good :)

[10:58] {cosmo} sounds fair

[10:58] {ese} q's full..... avg .72 and whatever that goofy fraction is

[10:58] {Threei}  world works thank to unfair

[10:58] {vint} Vad- how much is trail stop for ADBE?

[10:59] {Threei}  to under .20 to be strict... to .15 to give it a little room

[10:59] {vint} I've .10 = atr

[10:59] {vint} k, got it

[10:59] {Threei}  hmm?

[10:59] {Threei}  what does atr have to do with it?

[11:00] {Threei}  you set or trail stops based on it?

[11:00] {vint} actually yes..and i get stopped out frequently

[11:00] {Threei}  no way

[11:01] {Threei}  this is mistaken way to approach it

[11:01] {buyemsellem} what is ATR?

[11:01] {Threei}  average true range

[11:01] {vint} Vad- how do u approach TS?

[11:02] {Threei}  what's TS?

[11:02] {larisa} lol

[11:02] {vint} trail stop, sorry

[11:02] {ese} ack ackka dak...............dak ackka  ack       magic words...from bugs bunny 

[11:02] {Threei}  ok

[11:03] {ese} suppose to help my stock go up vad...

[11:03] {Threei}  http://www.realitytrader.com/blog/2007/04/stops-why-and-how.html

[11:03] {Threei}  http://www.realitytrader.com/blog/2007/05/stops-deeper-look.html

[11:03] {ese} it may or may not work.......

[11:04] {dino} rimm interesting es

[11:04] {ese} in trial stages with those workds

[11:04] {vint} thanks vad

[11:04] {ese} words

[11:04] {Threei}  those couple artuicles describe the concept

[11:04] {ese} tks will check that out

[11:05] {ese} what are ya thinkin dino

[11:07] {magoo} chridssakes trade..hitt rimm off dino .54 out .86

[11:07] {dino} think i was too low at .25\

[11:07] {ese} rimm would have made nice bounce dino

[11:07] {Threei}  nice

[11:07] {dino} now thinking retest of .50 area

[11:07] {magoo} u dedicate a blog yet?

[11:07] {magoo} too fast to call

[11:08] {magoo} less than 2 minutes

[11:10] {magoo} like aapl long

[11:10] {magoo} risky

[11:11] {wulff} allready there

[11:11] {magoo} needs mkt

[11:12] {wulff} im waiting

[11:12] {wulff} or it is the market

[11:14] {cosmo} HIG needs to hold 12.70    imho

[11:15] {magoo} mkt killed aapl

[11:15] {wulff} yup. 

[11:16] {ese} q's stopped .59

[11:16] {ese} -.12 approx

[11:21] {nemo} dcc Vad

[11:31] {dino} vz sm l .75

[11:32] {dino} atmi spike

[11:37] {magoo} feels like mkts powering up as vad mentioned

[11:37] {magoo} someone wake vad

[11:40] {dino} please don't

[11:40] {magoo} ya gotta kick the russian bear to wake him

[11:40] {wulff} scalped HIG

[11:42] {wulff} none too soon

[11:47] {Threei} Long Setup:  RIMM  .15 half lot if stays above 48

[11:55] {Threei}  yawn

[11:59] {larisa} 3.5 days weekend is better than 3, see you tuesday guys :) still think no rally, but hope we will get one :) 

[11:59] {Threei}  have a good one larisa

[11:59] {larisa} you too

[12:04] {magoo} bye larisa

[12:04] {Threei}  US HOUSE SPEAKER PELOSI: VIABILITY PLANS FOR AUTOMAKERS NEED TO ASSES LONG TERM VIABILITY AND FORECAST MARKET SIZE

[12:05] {nemo} "ASSES"

[12:05] {Threei}  don'tshoot the messenger...

[12:05] {nemo} just assking

[12:06] {Threei}  there is some incredibly irritating quality about that woman...

[12:06] {KSystems} no trading at all on monday?

[12:06] {magoo} agree

[12:06] {nemo} can't understand normal thinking

[12:07] {Threei}  no ks

[12:07] {KSystems} damn

[12:07] {magoo} cant spell either lol

[12:09] {magoo} rimm

[12:15] {magoo} in

[12:16] {Threei}  why not wait for pullback first... we have no serious strength anywhere yet

[12:23] {magoo} thought i saw strength actually

[12:24] {magoo} aapl was moving up

[12:24] {Threei}  just a little bounce within BBs at the moment... notthing earth9shuttering

[12:24] {Threei}  not really breakout conditions

[12:25] {nemo} still got the 'ally feeling, vad?

[12:25] {magoo} u are correct..just andswering yourv?

[12:25] {Threei}  yes... sneaky one

[12:25] {nemo} fits your nature

[12:25] {Threei}  plenty of shakeouts before real deal starts

[12:25] {Threei}  just as yesteday

[12:28] {dino}  pcln

[12:33] {pita} gotta go - happy hunting...

[12:33] {Threei}  have a good long weekend pita

[12:33] {magoo} man.whole room cuting out vad

[12:33] {magoo} bye pita

[12:44] {Threei}  CAT

[12:44] {Threei}  ISSUES CEO STATEMENT ON US STIMULUS PACKAGE, AGREES WILL BE BENEFICIAL TO ECONOMY, CAT PRODUCTS

[12:44] {Threei}  - CEO" "As I indicated yesterday, the President and I fundamentally agree that the U.S. stimulus package will be beneficial to the U.S. economy and should spur demand for the types of products made by Caterpillar. The passage of significant stimulus packages in the United States and abroad would help move the global economy toward a recovery, and if these packages are enacted quickly, they could stimulate demand for our products that would likely, over time, provide Caterpillar the opportunity to recall employees who have been laid off during this downturn. We know this won''t happen overnight, but I am confident that swift passage of the stimulus will lay the important groundwork to rebuild our workforce,"

[12:45] {magoo} 78 down..its time.....this mkt blows

[12:46] {Threei}  I am about to cry here... 4 calls, 4 wins

[12:46] {Threei}  what is it you expect?? :)

[12:46] {nemo} 4 calls......an hour

[12:46] {Threei}  suffering comes from expectations that are not grounded in reality

[12:47] {nemo} crissakes it's still lunchtime

[12:47] {nemo} speaking of RIMM?

[12:47] {ese} mags.....your my market indicator man!!!!!

[12:47] {ese} I always wait for your calls

[12:48] {ese} I'm selling everything right now indiscriminatly!!!!

06[12:49] * Threei slaps magoo around a bit with a large list of correct expectations

[12:50] {dino} magoo is trademarking that

[12:51] {nemo} you can't trademark it...you can copyright it though.

[12:52] {dino} tough crowd

[12:52] {nemo} Go to Cambridge if you want sympathy

[12:52] {Threei}  just heavy eyelids dino

[12:54] {Threei}  noises from Washington show that bill is going to be a real squeaker

[12:54] {Threei}  see CAT?

[13:09] {dino} gaparino complaining about gs meeting this week. guys' an idiot, like investment bankers are not supposed to have "private" meetings, invitation only

[13:10] {Threei}  nah... cameras must be everywhere

[13:10] {dino} getting the spitzer complex

[13:10] {Threei}  and mikes

[13:10] {Threei}  you sneeze - public has right to know

[13:10] {dino} have to get hank greenberg to set up the hooker sting

[13:12] {Threei}  US OFFICIAL: US MAY ADJUST DEVELOPMENT OF MISSILE SHIELD IF RUSSIA ASSISTS NEGOTIATIONS WITH IRAN

[13:14] {buyemsellem} hmm, what would the adjustment be...leave a window open for missiles from Russia?

[13:14] {dino} not armimng them, lol

[13:15] {Threei}  Kennedy is out, so bill is hanging on exat number of votes

[13:15] {Threei}  any single vote nay among those who are expected to vote yay, and it's failed

[13:16] {Threei}  this is what spookes the market, IMO

[13:17] {nemo} are they voting now?

[13:17] {Threei}  no, talking

[13:17] {Threei}  expected later today

[13:17] {cujo} they are always talking, just never saying much.

[13:17] {nemo} then the market would seem unlikely to do anything until the vote...caveats included

[13:18] {Threei}  enormous pressure on those 3 reps, plus some of dems are complaining they haven't had enough time to read it through

[13:18] {magoo} mkt spike

[13:18] {Threei}  ok, let's watch if this is it

[13:18] {cujo} something happening

[13:18] {Threei}  shallow pullback anfd another spike will be a good signal

[13:18] {Threei}  that's how it started yesterday

[13:21] {Threei}  FAS .16 long

[13:21] {Threei}  HIG .50 long

[13:22] {Threei}  just listing those triggers to keep in mind if this is the start of rally

[13:23] {Threei}  problem with these sneaky rallies is their sneakiness

[13:24] {Threei}  hard to tell whether it's for real or just another spike with immediate fallback

[13:24] {Threei}  that's why we missed it yesterday

[13:24] {Threei}  too many spikes got smacked down, how do you tell the one that continues

[13:25] {Threei}  but any new high now after pause has serious chance to repeat yesterday

[13:25] {ese} outta here for the weekend all...see ya monday

[13:25] {Threei}  take care ese

[13:25] {ese} see ya vad

[13:26] {Threei}  live from washington

[13:26] {Threei}  Pelosi

[13:27] {Threei}  here we go, next spike

[13:30] {Threei}  FAS half out

[13:30] {magoo} and those who missed yesterdays will not qwant to miss todays......causing more force

[13:30] {Threei}  right

[13:31] {Threei}  HIG stop under .40

[13:32] {nemo} no volume on this FAS run

[13:32] {Threei}  up iover 1:1

[13:33] {Threei}  just take half out and let it trade

[13:35] {nemo} re load if it gets to .15?

[13:35] {Threei}  support is .10

[13:35] {Threei}  if it drops there, pauses and starts strengthening, I'd rather buy there

[13:36] {Threei}  if loses .10, let it be

[13:36] {Threei}  HIG no worky

[13:39] {Threei}  now, sell half that you bought back near .10

[13:39] {Threei}  keep original half

[13:39] {nemo} ty

[13:40] {Threei}  stop is still under .10 for original one

[13:40] {Threei}  and you secured profit from two halves

[13:41] {Threei}  whatever happens, you can't lose on this trade anymore

[13:42] {nemo} as long as the machine doesn't crap out in the middle...that plane loooks.....

[13:42] {nemo} buy back at .10 or too many times to the well

[13:42] {Threei}  nah, this time is questionable

[13:42] {Threei}  I wouldn't

[13:42] {nemo} volume really drying up

[13:43] {Threei}  major reason is,

[13:43] {Threei}  market does not behave as it did yesterday after first two steps up

[13:43] {Threei}  yesetrday third and all consuenquent ones followed wirth blistering speed

[13:44] {Threei}  this pause is way too long,

[13:44] {Threei}  which will give participants looking for repeat a pause

[13:44] {nemo} oh well

[13:44] {Threei}  if it resumes, you still have your original half

[13:44] {Threei}  and that's what we kept it for

[13:44] {Threei}  but no need to increase risk

[13:44] {Threei}  WHITE HOUSE: PRES OBAMA TO MAKE ANNOUNCEMENT ON HOME FORECLOSURES WEDNESDAY, FEB 18

[13:45] {Threei}  here we go

[13:45] {Threei}  that's next catalyst

[13:45] {Threei}  frikin HIG

[13:45] {Threei}  shakeout

[13:46] {wulff} still in

[13:46] {Threei}  1/4 more out

[13:46] {Threei}  above .30

[13:47] {Threei}  stop to b/e

[13:48] {Threei}  and let it trade

[13:48] {cujo} s RIMM .96

[13:49] {Threei}  offer last portion FAS somewhere between .40 and .50

[13:49] {cujo} stpd -.09

[13:49] {Threei}  I am out .44

[13:50] {Threei}  now, don't tell me it wasn't payed to perfection

[13:50] {nemo} Magoo?

[13:50] {vint} out .43

06[13:50] * Threei slaps magoo around a bit with a large roll of cash

[13:51] {Threei}  I wish HIG didn't shake us out before working

[13:51] {Threei}  but heck

[13:51] {cujo} y

[13:51] {cujo} same here... :(

[13:51] {Threei}  10 cents stop on HIG, over 30 cents profit on FAS

[13:52] {vint} vad- ADBE breaking up?

[13:52] {Threei}  ugh

[13:52] {dino} 100 pts roughly in what, 5 minutes

[13:53] {Threei}  straight line from under 20.90

[13:53] {Threei}  need pullback or at least consolidation

[13:53] {wulff} chose Hig instead of FAs 

[13:53] {vint} got it,thx

[13:53] {Threei}  why chose?

[13:53] {Threei}  both were in play

[13:53] {cujo} i just missed FAS

[13:54] {Threei}  it gave a lot of time

[13:54] {wulff} could only concentrate on one

[13:54] {cujo} didn't want to chase it... 

[13:54] {Threei}  it even returned back

[13:54] {Threei}  twice

[13:55] {wulff} smart ,not smart---learned, learning

[13:56] {Threei}  well... here is a lesson to learn: smart ain't got nothing to do with it

[13:56] {Threei}  focused and disciplined does

[13:56] {wulff} still +.18 in HIG

[13:57] {wulff} $ is $

[13:57] {Threei}  certainly

[13:59] {wulff} my lot of HIG was broken into 13 parts!

[13:59] {Threei}  lol

[13:59] {wulff} one was 2 shares

[13:59] {Threei}  some big spender was buying from you

[14:03] {Threei}  magoo, are you awake?

[14:06] {Threei}  LOL

[14:06] {Threei}  White House

[14:06] {Threei}  - Warns against 'unreasonable expectations' on housing plan

[14:06] {Threei}  - no details issued at this time

[14:06] {Threei}  they learned their lesson eh

[14:06] {nemo} well that explains that drop in fas

[14:07] {Threei}  yup

[14:12] {dino} Dino's Office Announcement

[14:12] {dino} - Perhaps things will get better.

[14:12] {dino} Market spikes 100 pts

[14:15] {dino} market drop attributed to

[14:15] {dino} [12:45] {magoo} 78 down..its time.....this mkt blows

[14:15] {Threei}  lol

[14:20] {Threei}  US HOUSE OF REPRESENTATIVES PASSES THE COMPROMISE STIMULUS BILL, AS EXPECTED

[14:21] {Threei}  Time still remaining on vote

[14:22] {Threei}  - Vote as it stands is 243-180

[14:25] {magoo} mkt still red..still blows imo

06[14:25] * Threei removes himself in a very very remote monastery

[14:25] {dino} the bill blows

[14:25] {Threei}  (as of now no republicans have voted for stimulus, 7 Dems have voted against the bill)

[14:26] {Threei}  Seante is going to vote later in the evening

[14:32] {Threei}  IMF WARNS DEVELOPING MARKETS LACK THE RESOURCES TO BAIL OUT FINANCIAL SECTOR

[14:33] {Threei}  what resources

[14:33] {Threei}  don't they have printing presses like everybody else

[14:33] {patience} maybe they have honest politicians?

[14:34] {Threei}  now, that's a thought I need 10 minutes to recover from

[14:34] {patience} kidding, just kidding

[14:34] {Threei}  I mean, laughter than sends you on the floor in convulsion

[14:34] {wulff} anyone dare hold longs over the  weekend?

[14:34] {Threei}  why?

[14:35] {wulff} cheap thrills

[14:35] {nemo} He wants an ulcer

[14:35] {Threei}  could be not so cheap, lol

[14:35] {Threei}  btw, same goes for short

[14:36] {magoo} hold ovrer weekend..u got a death wish? better luck picking bar fight w/charles bronson

[14:36] {Threei}  or trying to take beer from magoo or bacon from me

[14:38] {patience} i am a confirmed idiot.  been buying this week and will next week

[14:38] {patience} swing trades though

[14:38] {Threei}  buying what?

[14:38] {patience} mostly commodities

[14:39] {magoo} if yu can log into proper mirc room u got this idiot beat

[14:40] {Threei}  RIMM picking up steam

[14:40] {magoo} not in tho

[14:40] {magoo} were entry

[14:45] {magoo} were=wheres

[14:46] {magoo} tricky last hour...will we go nuts like yesterday or sell off since 3 day weekend..

[14:46] {cujo} in .27 rimm

[14:47] {cujo} out +.10

[14:47] {Threei}  BAC

[14:47] {Threei}  REPORTEDLY SPLITS CORPORATE AND INVESTMENT BANKS - UNCONFIRMED REPORT

[14:49] {wulff} vad do you make more money in conjunction with market strength or doesn't matter?

[14:49] {wulff} in general

[14:49] {Threei}  well, bull markets are easier and generally more fun

[14:49] {wulff} course

[14:50] {Threei}  but today is anything but bull, and we are 5 for 6

[14:53] {wulff} seem to have done well since at least november

[14:54] {wulff} shorts are nervous

[14:55] {Threei}  not that longs are calm and confident... :)

[14:56] {wulff} just a few weeks of the 90's would be nice

[14:56] {Threei}  it's coming

[14:57] {wulff} figure if you can make $ here, then...its got to be easier

[14:57] {Threei}  totally

[14:59] {Threei}  this market is tremendous learning opportunity

[14:59] {Threei}  you can trade this, you can trade anything

[14:59] {nemo} great for changing your hair color too

[15:00] {Threei}  nemo = magoo's twin I suspect {G}

[15:00] {nemo} No...I saw pictures of Magoo

[15:00] {Threei}  seriously guys, what kind of expectations do you have?

[15:01] {Threei}  let me suggest you mental experiement

[15:01] {nemo} NONE

[15:01] {Threei}  go over today's calls,

[15:01] {magoo} i expect to make big bux everyday

[15:01] {nemo} you get big bucks in the fall, mags.

[15:01] {Threei}  imagine you took each and every of them and emulated my exits to the cent

[15:01] {Threei}  took 1000 shares on each

[15:01] {Threei}  how much would you be up today?

[15:02] {nemo} Lunch Money at The Four Seasons?

[15:03] {nemo} don't forget the double in FAS

[15:08] {Threei}  HIG

[15:08] {Threei}  TICKING HIGHER ON TAKEOVER CHATTER CIRCULATING

[15:08] {Threei}  - Allianz rumored as potential acquire

[15:10] {dptl} have a good long weekend all....see ya tue....:)

[15:10] {Threei}  take care dpo, have a good weekend

[15:10] {magoo} bye dp

[15:11] {dptl} oh...and happy Valentines......lol

[15:11] {Threei}  ummm

06[15:12] * Threei slaps dptl around a bit with a large bouqet of roses 0 each with nice spiky thorn

[15:12] {dptl} lol

[15:13] {Threei}  FAS is coming into bounce scalp zone

[15:13] {nemo} half lot or full

[15:13] {Threei}  from under 8 desirably

[15:13] {Threei}  full

[15:14] {Threei}  want to see it diving under 8,

[15:14] {Threei}  pausing,. not losing 8.90

[15:14] {Threei}  consolidating a little

[15:14] {Threei}  then breaking 8 again

[15:14] {Threei}  not losing 7.90 that was

[15:18] {vint} looks like we missed fas

[15:18] {Threei}  yup

[15:20] {pita} still valid on dive below 8?

[15:21] {Threei}  yes, not much changed so far

[15:22] {wulff} ok corral market

[15:28] {wulff} good example of capitulation in PCLN

[15:34] {Threei}  feels like pullback and then one last thrust upward

[15:34] {Threei}  let's try to catch it

[15:35] {Threei}  FAS around .15 - .20, RIMM around .50

[15:36] {Threei}  SEN MAJORITY LEADER REID: SENATE VOTE ON STIMULUS TO BEGIN AT 5:30PMET

[15:37] {Threei}  took .21 FAS

[15:38] {Threei}  RIMM is not pulling far

[15:39] {cujo} in .21 as well

[15:40] {Threei}  tough fight here

[15:40] {Threei}  stop under .10

[15:41] {cujo} scalped 1/2 at .27

[15:41] {cujo} waiting on 2nd half

[15:41] {Threei}  good idea

[15:42] {Threei}  out half too

[15:43] {Threei}  stop to .15

[15:43] {cujo} k

[15:43] {pita} courage lacking - got small piece - TY

[15:44] {Threei}  sure

[15:48] {Threei}  DEALER SAYS CHRYSLER HAS HIT ITS FEB ORDER GOAL

[15:48] {cujo} some sellinh in RIG

[15:48] {Threei}  one dealer sold one car I guess?

[15:51] {Threei}  so, let's meet tomorrow after bill vote and trade something?

[15:51] {Threei}  baseball cards?

[15:52] {Threei}  US AUTO PARTS SUPPLIERS HAVE REPORTEDLY SUBMITTED THEIR REQUEST TO THE US TREASURY FOR AID

[15:54] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[15:57] {Threei}  10 min more, we would get once more scalp out of FAS

[15:57] {nemo} Reality says you don't have 10 minutes :)

[15:57] {Threei}  nope

[15:57] {nemo} Vodka calling....

[15:58] {Threei}  CEDC you mean

[15:58] {magoo} answetr

[15:58] {nemo} DIAGIO

[15:58] {Threei}  overall, market says:

[15:58] {pita} about to get dive under 8

[15:58] {Threei}  I don't think your bill will pass... or I don't think it's a good bill

[15:58] {Threei}  or both

[15:58] {dino} out vz -.09

[15:59] {Threei}  wow

[15:59] {wulff} later all

[15:59] {Threei}  nice dump

[15:59] {Threei}  ok guys

[15:59] {Threei}  thank you all

[16:00] {cujo} have a good weekend. 

[16:00] {nemo} buhbye!!!

[16:00] {Threei}  have a good relaaxing long weekend,

[16:00] {pita} good wknd all

[16:00] {Threei}  see you all on Tuesday,

[16:00] {magoo} ty vad

[16:00] {Threei}  and if bill passes

[16:00] {Threei}  let's greet each other as comprades on Tuesday morning

[16:00] {nemo} edengi bili

[16:00] {Threei}  "take care comrade magoo" - has a nice ring to it, don';t you think

[16:01] {magoo} indeed comrade vad

[16:01] {magoo} yours rhimes

06[16:01] * Threei slaps magoo around a bit with a large Manifesto of Communist Party

06[16:01] * nemo slaps magoo around with Das Kapital

[16:01] {magoo} oy..required reading over weekend

[16:02] {dawg} ty Vad adn all

[16:03] {dino} not a good close

[16:03] {patience} shopping time in the markets dino

Feb 12 2009

What a day. Can't say we exploited it to the fullest, this last hour rally wasn't easy to read by any means and even harder to chase after seeing all bounces being sold throughout the day. Still, almost all trades worked, and swing trade on PALM hit its $9 target. No complaints.

Session Time: Thu Feb 12 00:00:00 2009

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET

[08:10] {Threei}  - Expectations for initial claims are 610K v prior release of 626K (range seen from 510K to 650K)

[08:10] {Threei}  - Continuing claims seen at 4.800M v prior 4.788M. (range seen from 4.710M to 4.860M)

[08:13] {larisa} good morning :)

[08:13] {Threei}  BALTIC DRY BULK INDEX - 3.2%, FIRST DECLINE IN 18 SESSIONS

[08:13] {Threei}  larisa :)

[08:13] {larisa} threei :)

[08:14] {nemo} Larisa :)

[08:14] {Threei}  if DRYS dropped so much during those 18 sessions, what happens top it now, lol

[08:14] {nemo} delisting

[08:14] {larisa} gm nemo :)

[08:30] {Threei}  NITIAL JOBLESS CLAIMS: 623K V 610KE

[08:30] {Threei}  CONTINUING CLAIMS: 4.810M V 4.800ME

[08:30] {Threei}  - Prior jobless claims revised from 626K to 631K

[08:31] {Threei}  JAN ADVANCE RETAIL SALES: 1.0% V -0.8%E; LESS AUTOS: 0.9*% V -0.4%E

[08:31] {Threei}  - Prior Advance Retail Sales revised from -2.7% to -3.0%

[08:31] {Threei}  - Prior Less Autos revised from -3.1% to -3.2%

[08:33] {Onix} gm all

[08:33] {Threei}  market is hungry for any good news

[08:33] {Threei}  onix :)

[08:33] {Threei}  retail sales look unexpctedly good

[08:41] {cujo} good morning

[08:41] {Threei}  cujo :)

[08:42] {nemo} canus domesticus :)

[08:43] {cujo} morning nemo

[08:44] {_livia} good morning

[08:44] {Threei}  livia :)

[08:45] {Threei}  (FR) FRENCH PM FILLON: WILL LIKELY NOT SEE FAST ECONOMIC RECOVERY

[08:45] {Threei}  - Fears concerning French auto bailout are not founded

[08:45] {Threei}  - Loands to French carmakers will be at the market inrterest rates

[08:45] {Threei}  - None of the conditions for auto loans are protectionist

[08:45] {Threei}  - Reminder on 02/11 EU's Kroes: Recently announced French car plans are 'clear protectionist' rhetoric

[08:57] {Threei}  so far, stimulus package being pushed through is not impressing market at all

[08:57] {nemo} no look at FAS/FAZ

[08:58] {Threei}  it's help to financials that market is very sensitive to

[08:58] {dino} gm all

[08:58] {Threei}  dino :)

[09:03] {pita} gm everyone

[09:03] {Threei}  pita :)

[09:03] {cujo} g'morning pita

[09:04] {pita} hey cujo

[09:08] {tomg} good morning all

[09:08] {Threei}  tom :)

[09:08] {Threei}  APOL got beating

[09:08] {Threei}  dino, your kind of stock maybe

[09:09] {Threei}  thin, moves in wide ranges

[09:12] {wulff} a link to a NY Magazine article about Daytrading if things get boring. Real good

[09:12] {wulff}     http://nymag.com/news/businessfinance/53617/

[09:16] {Threei}  very much reminds me articles about day tdaing of 1990s

[09:17] {Threei}  lol

[09:17] {Threei}  technical analysis, a controversial method of prediction based on studying buying and selling patterns.

[09:17] {Threei}  what is so controversial about that?

[09:18] {Threei}  FAS is back into yesterday's low

[09:18] {wulff} populace is oblivious

[09:19] {dino}  vad, magoo has lost all type of connection to your room, please email him the info

[09:19] {Threei}  just a sec dino, let me dig it out

[09:20] {Threei}  sent

[09:20] {dino} ty

[09:21] {Threei}  oh boy

[09:21] {Threei}  one of the most useless books ever written about tyrading is getting such a respectful reference:

[09:21] {Threei}  Even Burton Malkiel, the Princeton economist who wrote the 1973 best seller A Random Walk Down Wall Street, which argued that technical analysis is a bogus method of prediction, admits that its a strategy that seems to be working now.

[09:21] {Threei}  even?

[09:21] {Threei}  lol

[09:22] {fernp} Hello everybody

[09:22] {Threei}  fern :)

[09:22] {_bobv} hi

[09:22] {Threei}  bobv :)

[09:23] {Threei}  be back in 5

[09:23] {magoo} SIGH...

[09:24] {magoo} back in old style room

[09:24] {dino} apol done on cpla earnings, maybe?gap around 77-78

[09:24] {magoo} my shortcut icon is no longer valid

[09:26] {_bobv} seems today will be an interesting day, futures lower

[09:27] {nemo} did you move any files in your file manager mags?

[09:27] {dptl} good morning all

[09:28] {Threei}  magoo, dp :)

[09:28] {_bobv} gm

[09:29] {Threei}  RIMM is getting sold again

[09:31] {Threei} Short Setup: HIG  .70 break half lot if stays below .90

[09:33] {magoo} man, missed it and was ready

[09:33] {dino} big opening gaps 

[09:33] {Threei}  cover half or scalp

[09:33] {wulff} missed

[09:33] {fernp} too fast. missed

[09:33] {nemo} me too

[09:33] {Threei}  cover in full here who got it

[09:33] {tomg} ty vad

[09:33] {nemo} would have been NIiiiiceeeee

[09:33] {Threei}  tom :)

[09:33] {cujo} very nice

[09:34] {cujo} in .68 out 1/3 .40 1/3 .35 1/3 .34

[09:34] {dino} rimm upgrade

[09:34] {_bobv} gj

[09:35] {dino} nice guys

[09:35] {nemo} upgrade?  surprise...not...up $2

[09:36] {dino} feb lows ndx 1167, s/p 812

[09:36] {dino} dji broke them

[09:37] {wulff} XLF l .98

[09:38] {Threei}  REPORTEDLY RUSSIAN AUTO-MAKER GAZ FAILS TO MEET DEBT OBLIGATION ON ROUBLE DEMONINATED PUT BOND

[09:40] {dino} auto business sucks everywhere but china it seems

[09:40] {Threei}  NFLX, try to bid small shares .75

[09:40] {ese} morning

[09:41] {Threei}  stop under .50

[09:41] {Threei}  ese :)

[09:42] {dino} lod's

[09:43] {wulff} .65

[09:43] {dino} watching apol, fdo, dltr, emr, mcd, wmt

[09:44] {dino} darn apol, wanted hi 75s

[09:45] {Threei}  feel free to exit NFLX here

[09:45] {tomg} ty vad :)

[09:45] {Threei}  welcome

[09:46] {dino} memories..."that smell" on

[09:46] {pita} ty, got small piece

[09:46] {Threei}  pita :)

[09:46] {wulff} NFLX +.33

[09:46] {Threei}  cool beans

[09:46] {Threei}  easy money

[09:47] {Threei}  rarity these days

[09:47] {wulff} very

[09:47] {Threei}  (US) CONGRESSIONAL AIDE: VOTE ON STIMULUS BILL IN HOUSE NOT LIKELY UNTIL FRIDAY

[09:48] {Threei}  STEM CELL NAMES TRADING HIGHER AFTER REPORT PUBLISHED ON A STEM CELL SURGERY LEADING TO FREE A MAN FROM HIV

[09:48] {Threei}  - Report was published in the New England Journal of Medicine on Wednesday

[09:48] {Threei}  - The case was first reported in November

[09:48] {dino} and fri. they push it until tues (mon. holiday)

[09:48] {Threei}  GERN jumped on that

[09:48] {Threei}  don't chase

[09:48] {Threei}  GERN is heavy pullback stock

[09:49] {tomg} asia on pb vad?

[09:51] {Threei}  11.40 is nearest support... next is 11.20... let's observe how it behaves as it donticks to it

[09:51] {Threei}  02/11/09 04:24pm

[09:51] {Threei}  [ASIA] AsiaInfo Holdings, Inc. Reports Q4 $0.23 v $0.16e, R $53.7M v $49.1Me

[09:51] {Threei}  - Guides Q1 EPS $0.12-0.13 v $0.11e

[09:51] {dino} steppib=ng back

[09:51] {dino} stepping

[09:52] {fernp} cover XL +.20

[09:52] {Threei}  nice one fern

[09:52] {fernp} ty

[09:52] {dino} axys, rimm afam  appl green

[09:53] {Threei}  don't be in a rush to buy it here tom

[09:53] {Threei}  it's a treacherous stock

[09:53] {tomg} ok

[09:53] {dino} uh oh, feels bad

[09:53] {Threei}  failed first support with not so much as pause

[09:54] {Threei}  FAS

[09:54] {Threei}  watch for double bottom

[09:54] {Threei}  8 support

[09:55] {Threei}  if holding it, 8.11 long, semi-aggressive entry

[09:55] {Threei}  looks to fail rather though

[09:56] {dino} .

[09:56] {Threei}  yup, lost 8

[09:59] {patience} good morning RT  :)

[09:59] {Threei}  patience :)

[10:00] {Threei}  DEC BUSINESS INVENTORIES: -1.3% V -0.9%E

[10:01] {Threei}  how do ytou spell ugly?

[10:01] {dino} w/ capital letters

[10:02] {dino} under the obama takes over levels

[10:06] {tomg} fas?

[10:07] {Threei}  can't tell tom

[10:08] {tomg} ty

[10:08] {Threei}  best way to play it that I see is to try to get it as close to 8 as you can get with 7.95 stop

[10:08] {tomg} ok

[10:09] {dino} off 7% since monday highs

[10:12] {dino} afam, rimm, ms, axys green

[10:15] {nemo} see oil?  Somethin' ain't right.  Reminds me of the gold market for the last couple of months

[10:15] {Threei}  why is it not right?

[10:16] {nemo} dropped that much since yesterday?

[10:17] {Threei}  market is down... oil is moving with market lately

[10:17] {nemo} this is reminding me of what happened in reverse.  I look at gas prices and their movements aren't correlated with oil.

[10:17] {Threei}  with some divergencies here and there

[10:18] {Threei}  no, gas styarted its own life to a degree

[10:18] {nemo} Retail prices are going up 3-8 cents a week

[10:20] {Threei}  watching GG for long

[10:21] {dino} woring off higher inventory prices

[10:21] {dino} woking

[10:21] {dino} working

[10:21] {dino} i can't type

[10:22] {Threei}  as if anyone can

[10:22] {nemo} 110 words a minute

[10:22] {larisa} i can, correct way is wokring

[10:22] {Threei}  lol

[10:22] {dino} lol

[10:22] {Threei}  and notice, in my "lol" I confused first and second Ls

[10:23] {nemo} yeah, suppose to capitalize

[10:23] {Threei}  GG feels to me like setting up for a big move

[10:23] {Threei}  but finding entry onit is tricky

[10:23] {dino} bios holding fairly well

[10:24] {Threei}  SENATOR DODD: CREDIT CARD PRACTICES UNFAIR

[10:24] {Threei}  {MA V}

[10:25] {dino} rimm 50

[10:26] {Threei}  SENATOR DODD: CREDIT CARD COMPANY PRACTICES UNFAIR, COMPANIES WILL NOT BE ALLOWED TO "BILK" CUSTOMERS ANY LONGER

[10:26] {dino} think its more banks than v ma

[10:26] {magoo} UUUUUUUUUUUUGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG

[10:27] {nemo} lllllllllllllllyyyyyyyyyyyyyyyyyyyy

[10:27] {magoo} how do i make thids room window sytay on top as i look at other windows anyone?

[10:28] {ese} bstop QQQQ .00

[10:28] {magoo} its a setting..cant remember it

[10:28] {Threei}  RIMM is trying to form C&H

[10:29] {magoo} K..nemo..vad???

[10:29] {Threei}  I know for mirc mags, not for mibbit

[10:29] {ese} full lot

[10:29] {ese} l QQQQ

[10:30] {magoo} ok

[10:31] {fernp} keep on top utility. magoo. http://www.delayedreaction.com/freestuff/keepontop.zip

[10:31] {KSystems} thanks fern

[10:31] {KSystems} you need third-party software magoo, as mibbit cant do it by itself

[10:31] {fernp} :)

[10:31] {magoo} i need to download that?

[10:31] {fernp} yes

[10:32] {magoo} then what?

[10:32] {dino} watching apol, as cpla pushes higher

[10:32] {fernp} select mibbit window from the list

[10:33] {ese} dino are you in cpla....been watching that most of the morning

[10:34] {ese} thought long at 55.50  but didn't do it

[10:34] {ese} up 3 bill from there now

[10:34] {ese} was juuusssst a little tooo thin for my liking

[10:34] {dino} no unfortunately, using as tell for apol

[10:34] {magoo} i have to buy it it saysn

[10:34] {dino} 79.75 waiting

[10:35] {Threei} Long Setup:  RIMM  50 break half lot

[10:35] {Threei}  if stays above .80

[10:35] {magoo} says i need to purchase UnzipWizard..sound correct to u?

[10:35] {ese} if the q's go though 30    i'm thinkin up for the rest of the day....

[10:36] {fernp} no. it is free

[10:36] {magoo} not that link

[10:36] {wulff} plug the market back in

[10:37] {fernp} use this and click on "external mirror 1" http://www.softpedia.com/progDownload/Keep-On-Top-Download-67817.html

[10:37] {fernp} just downloaded and working fine

[10:38] {dino} magoo's gremlins will not allow it

[10:43] {magoo} .

[10:46] {Threei}  great... sharp spikes out of nowhere started

[10:46] {Threei}  next is big red bar I assume

[10:46] {magoo} am i here/been bumpred so many times

[10:46] {Threei}  yes mags

[10:46] {magoo} ty

[10:46] {magoo} i know i shouldnt have cursed the trading gods last nite

[10:47] {nemo} oh jeez...gotta' go make a sacrifice

[10:48] {magoo} maximus...i will sacrifice a 100 bulls {for the bull mkt 'ally guys}

[10:49] {nemo} boy, that's a lot of bs...

[10:49] {Threei}  RIMM setup is back

[10:50] {magoo} in .97 aggress

[10:51] {magoo} 'damm was watchin fas 7.90 area

[10:51] {fernp} under .80 stop?

[10:51] {Threei}  yes

[10:51] {Threei}  if triggers, not a scalp for me

[10:51] {Threei}  partial and let it trade

[10:52] {gen} gm everybody

[10:52] {dino} cyber issues

[10:52] {Threei}  gen :)

[10:52] {gen} Vad :)

[10:52] {Threei}  feels classic consolidation for a big break, just needs market help

[10:53] {dino} mcd sm l .05

[10:57] {cosmo} atvi healing

[10:58] {dino} guess apol not going to fill

[11:02] {Threei}  let's change tactic on RIMM

[11:02] {Threei}  .55 break

[11:03] {Threei}  stop .45

[11:03] {nemo} l or s?

[11:03] {nemo} I'll gather l

[11:05] {Threei}  half out

[11:05] {Threei}  or scalp if you like

[11:06] {Threei}  stop to under b/e

[11:07] {gen} thanks Vad :) +.15 RIMM

[11:07] {Threei}  :)

[11:07] {cujo} out +.15 as well.  thanks Vad. 

[11:08] {Threei}  welcome

[11:09] {cujo} nice audible Vad

[11:09] {Threei}  audible?

[11:09] {magoo} nice bioss

[11:09] {cujo} last min change of strategy in foot ball terms

[11:09] {buyemsellem} football reference, changing the play in the huddle

[11:10] {buyemsellem} by football i mean american football

[11:10] {Threei}  thanks... unfamiliar term :)

[11:10] {nemo} or at the line

[11:10] {buyemsellem} oh yeah, actually it's at the line you're right

[11:10] {nemo} yeah qb sees the defense, changes the play

[11:17] {dino} apol big pullback

[11:22] {Threei}  if market dives sharply, RIMM short on .50 break

[11:22] {Threei}  with stop above .60

[11:26] {dino} vad, did you forget what i said yesterday on rimm?

[11:26] {Threei}  remind me

[11:26] {larisa} you said 52

[11:26] {dino} indeed

[11:26] {wulff} any good ideas for my PALM target, ST?

[11:26] {magoo} powereing up here

[11:27] {Threei}  where are you long from on PALM?

[11:27] {wulff} 7.75

[11:28] {Threei}  if enough shares for partial, take half

[11:28] {wulff} 1 lot, sounds good

[11:28] {Threei}  and let it trade, with any meaningful market rebound 9 should be reachable

[11:29] {wulff} ty

[11:29] {Threei}  RIMM, 50 break is kind of lingering setup

[11:29] {Threei}  will be on and off, until finally breaks

[11:33] {Threei}  meanwhile, it looks quite scalpable on market moves

[11:33] {Threei}  as long as .50 is holding, it's bouncing from there when market helps

[11:35] {wulff} i think its over 50 in less than an hour

[11:37] {Threei}  yeah, coiling

[11:37] {ese} i'm otta here for a bit...still long Q's catch ya later

[11:37] {Threei}  take care ese

[11:38] {ese} see ya vad

[11:44] {Threei}  NQ went green

[11:47] {cujo} rimm refuses to break 50...

[11:48] {wulff} like yest.

[11:49] {magoo} if or once it does prob go to m52

[11:51] {Threei}  {RIMM} don't rush me, I do things on my own schedule

[11:55] {dino} ndx and naz are separating from general market lately, much stronger

[11:59] {nemo} So....can we blame this on Mags since he pissed off the trading gods?

[11:59] {Threei}  financials weigh on listed where they are represented much heavier

[12:00] {nemo} I wasn't looking for a rational explanation...I wanted an emotional knee-jerk response.

[12:00] {magoo} blame what? today is easier trading day

[12:00] {Threei}  I actually commented on dino

[12:00] {magoo} my GREMLINS are the gods response tio me

[12:00] {nemo} oh.....nevermind

[12:01] {magoo} btw..cramer over on site is actually pissed at naz strenght

[12:01] {magoo} he wants it to crash...hes out of touch

[12:01] {nemo} hedgies...he's blaming them

[12:02] {magoo} if Gs cant powerup...bodes bad for overall day

[12:03] {Threei}  I truly hope tou meant Qs and not some kind of Gstrings or something of that kind

[12:04] {nemo} Well, it is lunchtime...and Mags is probably...uh....eh.....web surfing

[12:04] {magoo} roflol..the latter or, um 

[12:04] {dino} afam?

[12:05] {Threei}  NIKKEI NEWS REPORTS TOYOTA TO START "WORK-SHARING" IN THE US AND UK

[12:05] {nemo} cutting hours

[12:08] {magoo} this vad will appreciate...saw a news clip of seenate hearings grilling bank execs...asked show of hands of all execs who have a private jet...HE HE they all look sheepishly at each other and slowly raise hands..everyone

[12:09] {Threei}  I hate this populism

[12:10] {Threei}  good CEO now is the one who rides the bus... bad - SUV and private jet

[12:10] {cujo} i hate Barney Frank

[12:10] {Threei}  I second that

[12:10] {nemo} Yeah...you can't explain them as productivity tools 

[12:10] {cosmo} those......banksters

[12:10] {cujo} in my opinion he is the next spitzer

[12:10] {dino}  i 3rd that

[12:11] {dino} his pets were the '92 mortgage changes and fnm, fre

[12:11] {Threei}  yup

[12:11] {Threei}  and now he is Mr Righteouus Indignation

[12:12] {dino} just wait until they find the school boy tapes

[12:17] {Threei}  wow

[12:17] {Threei}  US and Ruissian satellites collide in space

[12:17] {nemo} yeah, yesterday...

[12:17] {Threei}  just saw it

[12:17] {Threei}  do they need traffic lights up there or what

[12:18] {larisa} not enough space even in space :)

[12:18] {nemo} old russian spy sattelite and one of the Iridium...hahaha...global cellular satellites.

[12:18] {nemo} No, floating debris in orbit is a huge deal...Flecks of paint can go right through metal

[12:21] {Threei}  Iridium... now, that's name from the past

[12:21] {Threei}  symbol was IRID

[12:21] {nemo} Yeah...I was working in the industry back then.

[12:21] {Threei}  and I was trading the stock, lol

[12:21] {Threei}  PALM nice climb

[12:24] {Threei}  DJI -100, COMP practically flat

[12:24] {Threei}  some divergence

[12:24] {nemo} DJI is almost worthless...It's like that great athlete who shoulda' retired 5 years ago

[12:27] {Threei}  PALM tags the high 02/06

[12:30] {cujo} Vad, what was the set up on that NFLX from earlier?

[12:31] {Threei}  pullback into support

[12:31] {Threei}  on uotrending stock

[12:31] {cujo} thanks. 

[12:41] {Threei}  RIMM pulled back into 50

[12:42] {Threei}  see if market starts upticking from here to provide a scalp

[12:50] {magoo} .

[12:51] {magoo} need help....90 mm + how many inches exactly anyone?

[12:51] {magoo} = was equals

[12:51] {nemo} 2.54 cm to an inch 10 mm to a cm 

[12:51] {magoo} and 25mm = in inches?

[12:51] {Threei}  3.5433

[12:52] {magoo} 90mm = 3.5433 inches vad?

[12:52] {dino}  out mcd .45, +.40

[12:52] {Threei}  yes

[12:52] {cujo} nice trade dino

[12:52] {magoo} THANX

[12:52] {magoo} 25mm =?

[12:53] {larisa} what are you measuring magoo ?

[12:53] {cujo} .984 in

[12:53] {magoo} sons motocross suspension settings

[12:54] {larisa} http://www.convertunits.com/from/mm/to/inches

[12:54] {magoo} thanx cujo

[12:54] {cujo} np

[12:55] {Threei}  I don't know what I would be scared of more, that magoo answers larisa's question or sudden eartquake right under my house

[12:56] {nemo} He was heading off wise-ass comments at the pass.  I know...I was preparing one

[12:57] {magoo} neat site vad, thanx

[12:58] {magoo} she always did that to me when we were together lol

[13:09] {Threei}  yawn

[13:09] {cujo} some humor...

[13:09] {cujo} http://www.youtube.com/watch?v=WALIARHHLII&NR=1

[13:09] {nemo} just writing it made me yawn

[13:09] {nemo} watch "the smart dog" Vad

[13:10] {nemo} I used to live in SC...there' a lot of them...cute though

[13:11] {nemo} larisa dcc

[13:14] {pita} somebody waterboard me, I need to wake up...

[13:15] {pita} think I'll pick you all up later.

[13:15] {dino} sm l .60 apol

[13:17] {magoo} cramer is such a pessimst here..predicting dow 6000 or ;llowert

[13:21] {Threei}  if RIMM drops into 49 area, will be nice bounce opportunity

[13:22] {Threei}  I don't want to jump on this little bounces

[13:23] {Threei}  downtrend is fairly solid right now

[13:23] {Threei}  want nice flush

[13:23] {Threei}  look at FAS... what a misrey

[13:23] {Threei}  misery

[13:24] {Threei}  imagine what those who bet on big move on all those stimulus/TARPs feel holding FAS

[13:27] {nemo} three days of sell the news

[13:27] {Threei}  well... there was no real news to sell, lol

[13:27] {nemo} yeah...details

[13:27] {Threei}  to me, it looks different a bit

[13:27] {Threei}  market did want that news and was ready to ramp up

[13:28] {Threei}  selloff is disappoinment by absence of news

[13:28] {_bobv} I thnik the same

[13:29] {Threei}  CNBC'S GASPARINO: GOLDMAN HOSTED AN 'EMERGENCY MEETING' OVER GEITHNER PLAN, ATTENDEES DISCUSSED 'VIABILITY' OF A GEITHNER PLAN

[13:29] {Threei}  - Attendees agreed that underlying mortgages were what needed to be addressed

[13:29] {nemo} looking at FAS voulme picked up after lunch, but no capitulation

[13:29] {nemo} for whom...what's good for the country is unlikely good for Goldman

[13:30] {Threei}  yeah, I am not so sure addresing mortgages will solve anything

[13:30] {dawg} RIMM scalp .46 out .56 for chrissake small shares

[13:30] {Threei}  this becomes a new setup dawg

[13:31] {Threei}  scalp for crissake

[13:31] {dawg} yessir

[13:36] {dino}   lol

[13:37] {Threei}  here comes more serious selloff

[13:40] {nemo} we need a toilet flushing .wav file

[13:40] {Threei}  hawk, look dcc please

[13:41] {nemo} there was a computer cleaning program called "Clean up" that had one.  It made a flushing sound as it cleaned your computer

[13:42] {Threei}  DOW CUTS DIVIEND

[13:46] {Threei}  CUTS DIVIDEND 64% TO $0.15 FROM $0.42

[13:46] {Threei}  - payable April 30, 2009, to shareholders of record on March 31, 2009.

[13:46] {Threei}  - Board of Directors cited a confluence of factors, including uncertainty in the credit markets, unprecedented lower demand for chemical products, the ongoing global recession and pending business issues.

[13:46] {Threei}  - Note: This is the first time DOW has cut their dividend

[13:48] {Threei}  - Note: Dow has upheld or increased its dividend for over 385 consecutive quarters, back to 1911

[13:48] {Threei}  wow

[13:48] {dawg} RIMM for a scalp in .17 out .31 small shares

[13:49] {Threei}  chrissake setup

[13:49] {dawg} yessir

[13:51] {Threei}  GS

[13:51] {Threei}  RESPONDS TO REPORT BY CNBC'S GASPARINO: HAD A PREVIOUSLY SCHEDULED DINNER MEETING WITH CLIENTS ON FEB 10, WAS NOT A SECRET MEETING IN RESPONSE TO GEITHNER'S COMMENTS

[13:52] {Threei}  I suggest to shut down CNBC in order to provide for healthier markets

[13:52] {cujo} Personally i've moved to Bloomberg TV

[13:52] {Threei}  this is unbelievably irresponsible that some hack can move market by baseless speculations

[13:53] {cujo} worth it just to not hear Gasparino

[13:53] {cujo} aka the hack

[13:54] {Threei}  even loss of some nice-looking gals can be compensated easily if magoo shares thr sites he visits with us...

[13:56] {magoo} :)

[13:56] {magoo} vad, thouights on rest of day?

[13:58] {Threei}  up, but make it 51/49

[13:59] {Threei}  RIMM nicely bounced off 49.10

[13:59] {Threei}  not sure I want it here uinless it goes through new consolidation

[14:02] {Threei}  bounce zone again RIMM{ watch NASDAQfor guidance

[14:04] {magoo} .

[14:06] {Threei}  {--- waiting for dawg to report chrissake trade .41 - .63

[14:09] {dawg} GS bounce scalp for chrissake in .03 out .16

[14:09] {Threei}  lol

[14:09] {dawg} ).

[14:11] {Threei}  Monday is day off, right?

[14:11] {larisa} yup

[14:11] {nemo} bummer

[14:11] {patience} why?

[14:11] {Threei}  so, we have long weekend with stimulus bill most likely being signed over weekend

[14:11] {nemo} president's day

[14:11] {dptl} ye why?

[14:11] {nemo} President's Day

[14:11] {Threei}  what does it tell you about tomorrow's trading?

[14:12] {larisa} nothing

[14:12] {nemo} Don't want to get caught long

[14:12] {Threei}  larisa is right...

[14:12] {nemo} Yeah...just like the next two hours

[14:13] {larisa} I miss old good times, when smallest news moved stocks several points in right direction :)

[14:13] {Threei}  I am lost in these bill corrections

[14:13] {Threei}  reps fought it, and they were all for tax cuts,

[14:13] {Threei}  so how come compromise version prsentes less tax ioncentives?

[14:14] {nemo} Because more than 1/3 of the "working" population pays no taxes already, only fica and medicare.

[14:15] {magoo} i truly miss those continuing days when down 400 treversed to up 300

[14:15] {Threei}  what is it, nostalgy night?

[14:15] {patience} see you tomorrow guys

[14:16] {Threei}  take care patience

[14:16] {cujo} c ya

[14:16] {dino} out apol .65, +1.05

[14:16] {larisa} nice

[14:16] {dino} ty

[14:16] {Threei}  beauty

[14:16] {magoo} WOW

[14:17] {cujo} RIMM gettin near 50 again

[14:19] {dino} with cramer preaching crash, most likely we go up 300-400 pts in a day or two. he's always saying get out around 8000 and buy 8400

[14:19] {Threei}  well, you have to give it to him... he is consistent

[14:20] {cujo} Just remembering his Bear Sterns rant...

[14:20] {cujo} that was great. 

[14:20] {Threei}  so far, feels to me like solidly green day tomorrow

[14:20] {larisa} tomorrow is friday 13th too..

[14:21] {dino} of course it is larisa, of course

[14:21] {larisa} scary :)

[14:21] {Threei}  that's when we murder Freddie Kruger (sp?), right?

[14:21] {larisa} or he gets us

[14:21] {nemo} Ya' can't kill Freddy

[14:21] {Threei}  ok... Jason then

[14:22] {nemo} Na' they just resurrected him for another movie

[14:22] {dino} jason is the 13th

[14:22] {dino} kruger was funny

[14:23] {nemo} Probably when the movie comes out

[14:24] {dino} kruger was nightmare on elm street. magoo lives on elm street

[14:24] {dino} put it together...kruger is magoo

[14:24] {nemo} The walrus is Paul

[14:24] {nemo} Actually Kruger is better looking

[14:25] {dino} and dino is a flintstone

[14:26] {nemo} I liked Betty

[14:26] {dino} kruger tho, he had a sense of humor

[14:27] {Threei}  wacthing RIM... doesn't sell much with this market drop

[14:31] {Threei}  oil 34?

[14:36] {nemo} the toilet just keeps running...and running...

[14:38] {dino} watching mcd, wmt, vz, gild

[14:38] {Threei}  RIMM is bounce ready

[14:39] {Threei}  mrket uptick should jump it

[14:41] {wulff} sh HIG @ 12

[14:42] {magoo} 'what entry u want rimm.40 area?

[14:43] {Threei}  if it loses .50, likelty to dive more

[14:43] {Threei}  impossible to tell the price, pretty much will depend on market bounce

[14:44] {magoo} 201 down

[14:45] {dino} whoosh down coming imo

[14:46] {Threei}  yup

[14:46] {Threei}  that's why I am not in rush to jump on these microbounces

[14:46] {Threei}  unless you are scalping for 5-10 cents in seconds, makes no sense

[14:46] {magoo} its sad really

[14:47] {magoo} 380 down..barely bounce..200 down again

[14:47] {Threei}  it is what it is... sad markets are followed by happy markets

[14:48] {Threei}  although this year it's mor like sad markets are followed by sadder markets, lol

[14:50] {larisa} at these levels traders think we must retest lows i guess. Big mistake by Geitner. Or it was done for a reason we do not know about :)

[14:51] {Threei}  just a PR disaster IMO

[14:51] {larisa} I agree

[14:51] {Threei}  hugely built up expectations

[14:51] {Threei}  "Tim be be terrific"...

[14:51] {Threei}  will be

[14:51] {Threei}  then sizzle

[14:51] {Threei}  and no steak

[14:58] {magoo} see any short setrups if IF we going down 400?

[14:58] {Threei}  gosh... everything

[14:58] {dptl} have a good evening all

[14:58] {Threei}  take care dp

[14:58] {cujo} see ya

[14:59] {magoo} c u dp

[15:00] {Threei}  OBAMA ADMINISTRATION MAY REPORTEDLY BE CLOSE TO LOWERING COSTS FOR THOSE WITH PROBLEM LOANS - UNCONFIRMED REPORT

[15:03] {Threei}  - Plan could aim to subsidize homeowner payments after a home value has been established and the homeowner has been means tested

[15:03] {dino} cya dp

[15:06] {Threei}  PALM is totally oblivious to market selling

[15:06] {dino} {7700

[15:08] {Threei}  frikin RIMM makes these scalpable moves but they are way faster than I could alert

[15:09] {dino} fafam screwy too

[15:09] {dino} afam

[15:09] {cujo} in Palm.52

[15:09] {Threei}  US AGRICULTURE COMMITTEE APPROVES PROPOSAL FOR CFTC TO SUSPEND CDS TRADES TEMPORARILY

[15:10] {Threei}  crap

[15:10] {Threei}  this was THE bounce on RIMM

[15:10] {cujo} dough

[15:10] {nemo} bounce on everything

[15:10] {magoo} chrissake scalp..rimm .33 to .58

[15:10] {cujo} doh i mean

[15:11] {_bobv} market bounce

[15:11] {Threei}  is it this CDS news that sent market flying??

[15:11] {nemo} damn things don't trade anyway, that's one of the problems

[15:11] {magoo} time of day is all

[15:12] {Threei}  nah

[15:13] {nemo} HS!

[15:14] {_bobv} I do not know what do you think guys but seems that sp support at this levels is very strong....

[15:15] {larisa} technical analysis are so controversial..

[15:16] {cujo} calling it a day. See you all tomorrow. 

[15:16] {Threei}  take care cujo

[15:16] {cujo} c ya

[15:16] {nemo} dog

[15:17] {Threei}  cool... democratic senator on CNN: there is a role for goverment in everytyhing we do

[15:17] {magoo} bye cuj

[15:18] {nemo} which senator

[15:18] {Threei}  missed the name

[15:19] {Threei}  glich or something close to that

[15:19] {Threei}  PALM... 9 is getting closer

[15:20] {dino} i'm starting to feel that this is a govt. conspiracy to grab power in every day business

[15:21] {Threei}  9!

[15:21] {Threei}  wulff

[15:21] {magoo} holy crap palm

[15:22] {wulff} sold 1/4 8.70

[15:22] {wulff} last I held

[15:23] {Threei}  and I begged you to hold for 9...

[15:23] {wulff} I did some

[15:23] {wulff} In HIG 12.06 though

[15:23] {Threei}  I don't see any news

[15:24] {Threei}  this explosion certainly looks news-caused

[15:24] {Threei}  nothing on wires though

[15:24] {_bobv} maybe a double bottom on sp futures vad

[15:24] {dino} ppt

[15:25] {Threei}  I still feel tomorrow should be green, and nicely green

[15:25] {larisa} how nicely ? +300 ?

[15:25] {magoo} rimm 

[15:26] {_bobv} ok guys, take care..bye

[15:26] {magoo} bye bobv

[15:26] {Threei}  take care bobv

[15:27] {wulff} Out for my last palm, or hold?250

[15:27] {dino} left?

[15:27] {Threei}  IMO, out

[15:27] {nemo} Well, if know news, program trading?

[15:28] {magoo} im believer of bank it

[15:28] {nemo} know=no

[15:28] {Threei}  on PALM? don't think so

[15:28] {nemo} in general...everything popped

[15:29] {nemo} Palm stayed relatively strong all day, but jumped with everhtying els @ 3:10

[15:29] {Threei}  anyone's guess

[15:29] {Threei}  market could react on this mortgage news

[15:30] {wulff} let's take vad $ and see what happens

[15:30] {nemo} FAS just keeps going

[15:36] {Threei}  you are still in HIG wulff, or took profit?

[15:37] {wulff} half out .25 half in

[15:37] {wulff} milking it

[15:37] {Threei}  ok... looks like we are double-topping

[15:41] {nemo} I'm off...P&Q

[15:41] {larisa} bye :)

[15:41] {Threei}  wow

[15:41] {Threei}  jeez

[15:42] {dino} this market is ridiculous anymore. it swings3% in half hour

[15:42] {wulff} is it fair to say vad you know what price you want to exit on every trade, DT ST or PT?

[15:43] {Threei}  not always

[15:43] {dino} isn't the long term yearly aberage somethong like 6%? we do that every other day

[15:43] {Threei}  roughly, yes,

[15:43] {Threei}  but market action changes things

[15:43] {dino} plunge protection team stepped up today

[15:43] {wulff} as it comes then. with faster buying etc.

[15:43] {Threei}  right

[15:44] {dino} what has changed from 3:00 pm -250 to 3:45 -30?

[15:45] {magoo} time of day...3:40

[15:45] {dino} no wonder nobody wants to hold for more than minutes

[15:45] {Threei}  I gues crisis is over and economy got cured

[15:45] {Threei}  move started at 3:10 mags

[15:45] {dino} as good as any reason imo

[15:46] {magoo} yeah

[15:46] {magoo} but second volly up 3:40

[15:46] {magoo} we finish dow green ill cut my wrists with a banana

[15:47] {Threei}  ok, and I'll eat my keyboard

[15:47] {wulff} PALM out .92 last 1/4

[15:47] {dino} heck magoo, green close i buy you a beer

[15:48] {dino} s&p and ndx only. screw the worthless dji

[15:48] {magoo} ill take one with n red too

[15:48] {wulff} out HIG +.30

[15:48] {dino} gj

[15:49] {dino} man i blew it, only 2 trades today. 2 for 2, but still i should hve been all over this

[15:49] {Threei}  I dunno dino... it came out of nowhere

[15:50] {dino} yeah, but this is what i get paid for

[15:50] {Threei}  and with every bounce earlier being sold into, was not an obvious decision to buy and hold this one

[15:50] {wulff} buy and hold 2 minutes

[15:51] {magoo} shows some strong dip buyers lurking

[15:52] {wulff} hig +another .10

[15:52] {dino} gj

[15:52] {wulff} no no it, not me

[15:53] {dino} ohhh mannnn i owe 2 beers if dji goes green

[15:53] {magoo} dammit..dino ate the last banana

[15:54] {fernp} lol

[15:54] {magoo} chrissake trade again...hit rimm .50 0ut .63

[15:54] {magoo} cant post ridiculous

[15:54] {magoo} just buy..put out sell

[15:55] {magoo} vad..u need to do a blog on the chrissake play

[15:55] {Threei}  lol

[15:55] {Threei}  this was quite amazing

[15:56] {Threei}  look at FAS

[15:56] {Threei}  what a difference one hour makes

[15:56] {magoo} cramer ptrob liquidated all his followers at bottom today AGAIN

[15:56] {Threei}  well... consistency, told ya...

[15:57] {Threei}  OK guys

[15:57] {Threei}  strong green day tomorrow

[15:57] {larisa} 4 more min, i want to see you eating your keyboard!

[15:57] {Threei}  thak you all, let's have a good relxing evening

[15:57] {Threei}  I'll tape it

[15:57] {Threei}  see you tomorrow

[15:58] {fernp} good evening

[15:58] {magoo} bye boss

[15:58] {larisa} bye and you can not have a cookie in a shape of keyboard :)

[15:58] {wulff} later all

[15:58] {dino} lol on cramer magoo

[15:58] {dino} cya vadster

[15:58] {dino} and wuff

[15:58] {magoo} GOING GREEN

[15:58] {magoo} -4

[15:59] {magoo} -2

[15:59] {magoo} 1 minute

[15:59] {Threei}  no way

[15:59] {magoo} -1

06[15:59] * Threei is off to buy new keyboard, just in case

[15:59] {Threei}  downticks

[15:59] {Threei}  whew

[15:59] {magoo} GREEN NAZ

[15:59] {Threei}  -8

[15:59] {Threei}  saved by the bell

[15:59] {larisa} :(

[15:59] {dino} capitulation was by many perhaps, cramer for sure

[15:59] {Threei}  but it was close

[15:59] {magoo} and magoo bananas

[15:59] {larisa} bye all

[15:59] {magoo} WOW

[16:00] {dino} take care all...as bret michaels would say; "good times"

Feb 11 2009

Today took real patience. Opening was unreadable to me, then no real trades were coming along, until finally RIMM formed real setup for a nice pop, nicely beyond scalping profits. Single trade made a day, the rest was not worth mention.

Session Time: Wed Feb 11 00:00:00 2009

[07:53] {magoo} morning

[07:56] {Threei}  Good morning

[07:56] {nemo} mornin'

[07:57] {Threei}  magoo, nemo :)

[07:57] {nemo} What's new?

[07:57] {Threei}  well... how about this to start the day:

[07:58] {Threei}  (EU) EU'S BARROSO: 'ECONOMY CAPITALISM' POSES A THREAT TO THE GLOBAL ECONOMY

[07:58] {nemo} Yeah, expect to hear alot of that

[07:58] {nemo} History repeating itself

[07:59] {Threei}  and economy socialism works flawlesssly I assume

[07:59] {Threei}  USSR is the most powerful state, and Cuba prospers

[08:00] {nemo} It's all relative.  You didn't know how bad you had it...well until you found out how well the Politburo and apparatchiks lived

[08:00] {Threei}  NY AG CUOMO REPORTEDLY LAUNCHING INVESTIGATION INTO 2 BANKS ON WHETHER THE TIMING OF BONUSES 'FORCED' THE TAXPAPERS TO PROVIDE SUCH FUNDING

[08:00] {Threei}  {XLF}

[08:00] {nemo} what about xlf

[08:01] {ese} looks like a couple of ya hanging around

[08:01] {Threei}  attached at the end of the headline to indicate the headline's relation

[08:01] {Threei}  ese :)

[08:01] {nemo} how ya' feelin' ese

[08:01] {nemo} maybe it's a message from God to trade XLF today?

[08:02] {Threei}  everyone knew how those guys lived

[08:02] {ese} not good today......pain in left leg came back last night.....hard to sleep

[08:02] {Threei}  what we didn't know for a while or at least not to full extend was how West lived

[08:02] {ese} feel ok now though......now that i'm not lying down

[08:02] {Threei}  sorry to hear ese...

[08:02] {nemo} It's a process ese

[08:03] {ese} soldier on and all that.....cheree ho hip hip what ....and all that

[08:03] {Threei}  wehile to iron curtain was in pl;ace, information from the West was trickling through very sparingly

[08:04] {nemo} Yeah, I was in Germany the end of 88, and met a family who had just come from East Germany that week.  I took them around, they couldn't believe all the shops and all the goods.  It literally was like kids in a candy store

[08:04] {Threei}  yup

[08:05] {Threei}  those rare individuals who got to visit, were under strict obligation to share very little and to filter it to the ideological purposes

[08:06] {Threei}  no TV programs from the West, no papers, magazines

[08:07] {Threei}  some radio broadcasts that were scrambled by soviet authorities to the best of their abilities

[08:08] {Threei}  RIMM is hit

[08:13] {magoo} bounce play vad?

[08:13] {Threei}  as a concept yes... I don'ty see how their announcement warrants such drop

[08:14] {Threei}  what they said was, hliday sales exceeded the norm so they expewct to return to the norm

[08:14] {Threei}  only with better spelling

[08:15] {Threei}  guidance around midrange to lower end of the range

[08:15] {Threei}  is it really 6 dolars dump worthy?

[08:15] {hawkfan4} what stock?

[08:15] {Threei}  RIMM

[08:16] {hawkfan4} ah, thx

[08:16] {hawkfan4} oh yeah, good morning

[08:16] {Threei}  lol... hi

[08:21] {Threei}  .50 break mags, with stop under .30

[08:21] {Threei}  small shares of course

[08:21] {magoo} in .49

[08:22] {Threei}  not ready yet

[08:23] {magoo} yep

[08:23] {magoo} out

[08:23] {Threei}  BALTIC DRY BULK INDEX +4.1%, 17TH STRAIGHT INCREASE

[08:29] {Threei}  wow

06[08:29] * Threei is bidding $1 for RIMM

[08:30] {Threei}  at this rate I may get my fill before market open

[08:30] {Threei}  DEC TRADE BALANCE -$39.9B V -$35.7BE

[08:30] {Threei}  - Prior revised from -$40.4B to -$41.6B

[08:31] {magoo} 49.50 area vad?

[08:31] {Threei}  no idea

[08:31] {Threei}  how do you tell 49.50 from 50.50 in this thin premarket trading?

[08:34] {magoo} i cant...

[08:34] {magoo} was hoping u could

[08:35] {Threei}  if you want me to repeat for zillionth time that no technicals work during premarket... there, I said it

[08:36] {ese} missed the news on rimm....what is it

[08:36] {nemo} Oija board works great

[08:37] {Threei}  07:03am [RIMM] Reaffirms Q4 EPS $0.83-0.91 v $0.85e, R "at or near midpoint" of $3.3-3.5B v $3.4Be; Guides Q4 net adds 20% higher than the 2.9M prior forecast

[08:37] {ese} Ok   so the news is OK and it goes down.....hmmmmm yup thats normal

[08:40] {Threei}  REP. FRANK: I DO NOT THINK YOU WANT TO MOVE AWAY FROM MARK-TO-MARKET ACCOUNTING - CNBC

[08:41] {magoo} great

[08:41] {Threei}  there is no limit to the damage this guy can cause

[08:42] {Threei}  "fannie and freddie will do what I tell them to" Frank

[08:42] {Threei}  - You do not want politicians legislating accounting rules.

[08:42] {Threei}  - Looking for "flexibility" in the consequences of fair value accounting.

[08:43] {Threei}  flexibility in accounting - this sounds beyond scary

[08:43] {Threei}  DRYS ate through huge offer at .50

[08:44] {nemo} when you describe a stock that way, I envision a little pacman

[08:45] {nemo} drys

[08:45] {nemo} sorry

[08:46] {ese} ouch laris....thats gotta hurt

[08:52] {larisa} good morning :)

[08:52] {ese} morning

[08:53] {Threei}  larisa :)

[08:53] {fernp} morning all

[08:53] {ese} board didn't like you this morning

[08:53] {Threei}  fern :)

[08:53] {larisa} ese, threei :)

[08:53] {ese} fern

[08:53] {larisa} was my fault ese :)

[08:53] {dino} gm all

[08:53] {Threei}  dino :)

[08:54] {Onix} Good morning all

[08:54] {Threei}  onix :)

[08:54] {ese} onix

[08:55] {elepet} good morning

[08:55] {Threei}  elepet :)

[09:06] {Threei}  someone with deep pocket just woke up, turned computer on, fired up quotes, saw RIMM and grabbed all her could

[09:07] {magoo} how u know it was a woman?

[09:08] {cosmo} its a tradition

[09:08] {larisa} lol

[09:08] {cosmo} :)

[09:08] {Threei}  I don't... I just type he and hit r which is next to e on the keyboard

[09:08] {Threei}  or what cosmo said

[09:08] {cosmo} same thing

[09:09] {magoo} but u never hit "R" he he

[09:09] {patience} good morning RT  :)

[09:09] {Threei}  patience :)

[09:12] {KSystems} good morning!

[09:12] {Threei}  ks :)

[09:13] {_livia} good morning everybody

[09:13] {cujo} morning

[09:13] {Threei}  livia :)

[09:13] {Threei}  cujo :)

[09:13] {cujo} morning

[09:13] {Threei}  biggest question of today:

[09:14] {Threei}  was yesterday's selloff just a bervous reaction on a lack of details in Tim's plan

[09:14] {Threei}  or the market is seriously out of gas

[09:14] {Threei}  I tend to think former

[09:14] {Threei}  but let's watch it for the confirmation

[09:14] {Threei}  also, we have those bad bankers testifying today about how they wasted TARP I

[09:15] {Threei}  who knows what we hear from them

[09:15] {cosmo} banksters

[09:17] {cosmo} INSU healing  fwiw

[09:19] {cosmo} ... strong pre.mkt. technicals ....hehe

[09:19] {dptl} good morning all

[09:19] {pita} good morning troops

[09:21] {Threei}  dp, pita :)

[09:23] {Threei}  have smaller shares order prepared on RIMM in case something readable apears

[09:23] {magoo} me too

[09:24] {Threei}  so far 49.50 area has shaped up as support but opening panic could take it lower

[09:25] {Threei}  if there are a lot of MOOs pout there, they'll be taken advantage of

[09:25] {Threei}  pout = out

[09:26] {nemo} MOOs=herd cows

[09:26] {Threei}  pretty much

[09:26] {Threei}  market on open is technical definition :)

[09:26] {nemo} you'll see that reference in the book often

[09:26] {nemo} oh

[09:27] {vint} Good Morning all

[09:27] {Threei}  vint :)

[09:27] {Threei}  working assumption is so far: dive at the open on FAS and HIG, then quick rebound

[09:28] {Threei}  let's see if it materializes and if we can read the bottom

[09:28] {Threei}  don't route ARCA, laser traders

[09:28] {Threei}  use INET

[09:29] {nemo} is that Island

[09:29] {Threei}  yeah

[09:29] {Threei}  be patient, market is nervous

[09:29] {Threei}  better wait for our trades to come to us naturally than push

[09:30] {nemo} yeah, leading with my head has always hurt alot.

[09:30] {Threei}  HIG is selling

[09:31] {Threei}  wait for quick dive

[09:32] {Threei}  aslternatively, .50 break half lot, much riskier

[09:32] {_bobv} good morning

[09:32] {Threei}  bobov :)

[09:33] {Threei}  FAS sharp selling

[09:33] {Threei}  HIG too

[09:37] {nemo} Oh jeez...FAS

[09:37] {Threei}  HIG break setup is back

[09:38] {dino} sm l fdo .40

[09:39] {Threei}  FAS, quick drop under .50 for entry

[09:42] {dino} construction co. up

[09:48] {dino} rimm sm wide l .75

[09:48] {Threei}  if you took FAS on the dive to .50, half out here

[09:48] {Threei}  or just take scalp

[09:49] {dino} feels like +200 day

[09:50] {nemo} What's Larisa's opinion?

[09:50] {Threei}  feel free to take profit on HIG here if you took the break

[09:51] {Threei}  RIMM... feels like should lose 49.50

[09:51] {dino} sm dltr .65 l

[09:51] {Threei}  (FR) REPORTEDLY FRENCH GOV SEEKING TO REGULATE SALARIES OF TRADERS AND FINANCIAL OPERATORS

[09:51] {Threei}  I am not moving to France

[09:52] {Threei}  (CH) CHINESE REGULATOR: US TREASURIES REMAIN A SAVE HAVEN INVESTMENT

[09:52] {dino} obama on phone,"get me the ppt now!"

[09:52] {patience} but they're not buying anymore

[09:53] {Threei}  RIMM... one more quick leg down, and will be worth trying

[09:53] {dino} they are running out of money, hopefully they weren't buying yesterday, that would tell the tale

[09:54] {Threei}  for fast and furious only... and andrenalin-deprived

[09:54] {nemo} I'll mainline some valium

[09:54] {Threei}  closer to 49

[09:54] {Threei}  under most likely

[09:55] {Threei}  REPORTEDLY HOUSE AND SENATE MEMBERS TO MEET AT 3PM ET TO WORK ON STIMULUS PACKAGE

[09:56] {Threei}  BAC, watch for drop to 5.90 for long entry

[09:57] {Threei}  TARP BAILOUT WATCHDOG: HAS OPENED CRIMINAL INVESTIGATIONS, NOTES THAT LARGE AMOUNT OF FEDERAL BAILOUT FUNDING CREATES "CRIMINAL INCENTIVES"

[09:57] {Threei}  RIMM under 49

[09:58] {Threei}  accelerates

[09:58] {Threei}  if willing to make a few tries, get ready

[09:59] {magoo} .

[10:00] {Threei}  .50 crossback

[10:00] {Threei}  if holding .30

[10:00] {nemo} too late

[10:00] {Threei}  half out

[10:01] {Threei}  stop to under .50

[10:01] {magoo} out .90 TY

[10:01] {magoo} got 54

[10:01] {Threei}  wtg

[10:01] {cujo} nice

[10:01] {cujo} missed it :(

[10:02] {Threei}  {Threei} for fast and furious only... and andrenalin-deprived

[10:02] {Threei}  [09:54] {nemo} I'll mainline some valium

[10:02] {nemo} Guess it took effect to fast

[10:02] {cujo} yeah

[10:02] {Threei}  lol

[10:03] {larisa} does not look like capitulation still to me

[10:03] {larisa} guess i missed it :)

[10:06] {Threei}  BAC is holding well on this market dive

[10:08] {magoo} is barney bringin down the mkt jere?

[10:08] {cosmo} SVNT holds so far

[10:08] {magoo} here

[10:09] {Threei}  FAS, closer to .40 should be of interest again

[10:09] {cosmo} svnt... needs to hold .30

[10:12] {Threei}  ok... RIMM 48 break

[10:12] {magoo} in

[10:12] {cujo} in .05

[10:13] {Threei}  stop under .75 for now

[10:13] {Threei}  you remember it's a possible "multiple try" trade, right?

[10:15] {Threei}  market more weakness is holding it back

[10:15] {Threei}  by itself it's ready for a good bounce

[10:16] {nemo} after a fall like that probably needs to bounce on the bottom once or twice...then again wouldn't be the first time I was wrong today...or is that just "early" 

[10:16] {cujo} stopped

[10:16] {larisa} at least it tried to base this time

[10:17] {Threei}  it's ready

[10:17] {Threei}  just needs market to stop puking

[10:17] {Threei}  anyone took FAS under .50?

[10:23] {patience} out hgu (gold etf) +1.47

[10:25] {patience} foo, should have bought some silver wheaton as well, big move for it

[10:26] {larisa} nice patience :)

[10:27] {patience} ty, i keep thinking gold will pullback

[10:28] {dino}   dltr stopped

[10:29] {nemo} Vad, still have that RIMM bid for $1

[10:29] {magoo} this RIMM sell off is ridiculous

[10:29] {Threei}  volume starts drying up on RIMM

[10:30] {Threei}  watch market, RIMM has hard time going against it

[10:30] {Threei}  *DOE CRUDE: +4.7M V +2.6ME; GASOLINE: -2.6M V +500KE; DISTILLATES: -1M V -1.7ME;

[10:31] {nemo} what are gasoline futures doing?

[10:32] {patience} deciding

[10:32] {nemo} nice, patience...

[10:33] {patience} ok, puking

[10:33] {dino} 45 strike coming, rimm

[10:33] {dino} crazy

[10:33] {nemo} Geez what did the bankers say

[10:34] {cosmo} 'trick or treat'?

[10:34] {dino} rimm updates & raises guidance last month. analysts raise, now this month they say they will be at low end of raised guidance. so we sell it off 20%,

[10:35] {dino} anything (and everything) can happen

[10:35] {Threei}  RIMM HEARING LIGHTLY DEFENDED AT MERRILL/BOA (TIMING UNCERTAIN)

[10:35] {Threei}  lightly?

[10:35] {Threei}  not dropping with market anymore

[10:50] {Threei}  GS

[10:51] {Threei}  pullback under 93

[10:51] {Threei}  for long entry

[10:53] {Threei}  not much readable so far eh?

[10:55] {Threei}  are you all asleep?

[10:56] {cujo} tired...  but awake

[10:56] {nemo} no...just quiet

[10:56] {cujo} think i'm coming down with something... 

06[10:56] * nemo thinks Vad getting lonely

[10:57] {Threei} Long Setup:  STT  half lot .30

[10:57] {Threei}  too fast

[10:57] {nemo} yeah

[10:57] {Threei}  don't chase, watch for pullback

[10:58] {Threei}  support for a stop is .15

[11:00] {Threei}  GS is coming there

[11:02] {cujo} GS out +.20

[11:02] {cujo} thanks

[11:02] {Threei}  good reflexes

[11:02] {Threei}  OK, STT is back, watch market now

[11:03] {Threei}  stop is under .15 still, wether you chose afggressive entry or .30

[11:05] {Threei}  ECB'S STARK: PUBLIC FINANCES ARE A 'CONCERN' IN SOME MEMBER STATES, SOME EU FISCAL DEFICITS 'ALARMING'

[11:05] {Threei}  what's going on in europe...

[11:05] {Threei}  come on europians, share with us

[11:06] {nemo} your-a-peons?

[11:06] {nemo} sorry K

[11:06] {Threei}  STT lost support

[11:10] {magoo} time for my daily comment..."this market blows"

[11:11] {nemo} worthy of Charlie Gasparino

[11:11] {Threei}  for now

[11:11] {Threei}  quite a shock yesterday, still a lot of nervousness out there

[11:11] {Threei}  view it as some kind of churning

[11:12] {Threei}  just have to digest a lot of things before getting free

[11:12] {Threei}  all this bickering in Washington is not helful

[11:13] {cujo} think i'm going to pack it in for the day.  Have a good one guys.  

[11:14] {ese} blows what?

[11:14] {nemo} oh jeez are we bored?

[11:15] {Threei}  take care cujo

[11:15] {_bobv} guys, do you think maybe this is typical climax for a market bottom?

[11:15] {magoo} nope

[11:16] {magoo} im just looking foe a couple weeks BEAR mkt 'ally

[11:16] {Threei}  WSJ: WHITE AND CONGRESS ARE NEARING AGREEMENT ON A SMALLER STIMULUS PACKAGE NEAR $790B

[11:17] {Threei}  FAS, pullback into 8.70 for long entry

[11:19] {magoo} vader, any read AAPL?

[11:20] {Threei}  pullback under .50, I'd get interested... most likely .35-.40 area

[11:21] {Threei}  US TREASURY'S GEITHNER: UNDERSTANDS CONCERNS OVER LACK OF DETAIL, DOES NTO WANT TO 'RUSH PROPOSALS'

[11:21] {Threei}  no rush?? but don't we face catastrophe if we don't act TODAY?

[11:22] {_bobv} what a disaster

[11:22] {Threei}  HIG, pullback to about .50 for long entry

[11:26] {Threei}  ok, really pullback time

[11:26] {Threei}  for the world of me I can't make myself buy breakouts today

[11:29] {Threei}  US HOUSE AGRICULTURE CHAIR: CFTC SHOULD BE ABLE SUSPEND NAKED CDS SWAPS, PROVIDE REGULATORS CRIMINAL PROSECUTORIAL AUTHORITY

[11:29] {magoo} cant imagine why:)

[11:30] {magoo} out STT .75 TY

[11:30] {dino} gj

[11:30] {Threei}  what do you know... no pullbacks

[11:31] {nemo} after the slam down yesterday it doesn't want to go further

[11:33] {magoo} volume on the up spike vad....less on pullbk in Q

[11:35] {Threei}  FAS under 8.90

[11:39] {Threei}  sharper dive is coming it seems

[11:40] {Threei}  here it is

[11:40] {Threei}  FAS to about .80

[11:40] {Threei}  and HIG .60

[11:42] {dino} out fdo .84 +.44

[11:48] {Threei}  CONGRESSIONAL AIDE: ECONOMIC STIMULUS BILL TO TRIM TAX CREDIT TO $400/PERSON, 'BUY AMERICAN' UNDER REVIEW AND STILL IN NEGOTIATIONS

[11:48] {Threei}  - Sees stimulus bill at approx $790-800B

[11:48] {nemo} A congressional aide? BFD

[11:54] {Threei}  SENATE FINANCIAL BAILOUT BILL WOULD RESTRICT EXECUTIVE PAY TO $400K FOR ANY EMPLOYEE, NOT JUST TOP EXECUTIVES - WSJ

[11:56] {dino}  it's really a non-issue as options grants are unaffected

[11:59] {Threei}  WHITE HOUSE SPOKESMAN: GOOD PROGRESS IS BEING MADE ON NEGOTIATIONS OVER FINAL STIMULUS BILL

[12:00] {Threei}  feels like pullback is over and market is ready to resume upward

[12:03] {Threei}  WSJ: HOUSE MAY FORMALLY INTRODUCE COMPROMISE BILL TODAY FOR A FINAL VOTE TOMMOROW, SENATE LEADER REID TO PUSH FOR FINAL PASSAGE OVER THE WEEKEND

[12:04] {Threei}  GM

[12:04] {Threei}  TO REPORTEDLY END CERTAIN HEALTH CARE BENEFITS TO RETIREES NOW ELIGIBLE FOR MEDICARE

[12:04] {dawg} RIMM in .37 out .52  for crissake

[12:05] {Threei}  :)

[12:05] {Threei}  if my feel is right FAS should go back closer to 9

[12:05] {dawg} ).

[12:05] {dino}  gj dawg

[12:05] {dawg} ty dino

[12:06] {Threei}  in .83, stop .75

06[12:09] * Threei kicks FAS in the rear

[12:11] {Threei}  CHRYSLER REPORTEDLY IN DISCUSSIONS WITH BANKERS ABOUT A DEBT FOR EQUITY SWAP TO BE COMPLETED BEFORE FEB 17 - UNCONFIRMED REPORT

06[12:12] * Threei repeatedly kicks FAS in the rear

[12:12] {larisa} do not hurt your leg

06[12:13] * Threei kicks FAS in the rear with steel toe heavy duty army boots

[12:13] {Threei}  oops... I think I got the wrong side

[12:14] {larisa} stopped out HIG, did not take +.10. looks like no chance to get more than that today

[12:14] {Threei}  no kidding

[12:14] {Threei}  some new soundbite from somewhere

[12:15] {nemo} martians invading

[12:15] {Threei}  out FAS

[12:19] {dino} rate

[12:20] {vint} market has no direction today

[12:20] {Threei}  nope

[12:20] {Threei}  digests yesterday's shock

[12:21] {Threei}  and is pretty much lost about what's next

[12:22] {vint} will wait and watch

[12:25] {vint} Vad- could RIMM break up if mkt goes up? based on 5 mt chart

[12:26] {vint} or it will continuew prior trend-down

[12:26] {dino} indeed

[12:26] {dino} up

[12:26] {Threei}  I believe so vint

[12:27] {Threei}  market help though is fleeting thing today

[12:29] {Threei}  MOODY'S: US FINANCIAL STABILITY PROGRAM IS A 'POSITIVE' FOR US BANKS

[12:33] {pita} later all - hope mkt starts trending for you

[12:34] {Threei}  take care pita, dismal day

[12:44] {Threei}  sharp pullback RIMM

[12:44] {dino} axys blood

[12:48] {dino} risky sm l .45

[12:52] {Threei}  REPORTEDLY A MAGNITUDE 7.5 EARTHQUAKE REPORTED OFF THE COAST OF INDONESIA

[12:52] {Threei}  - Tsunami alert issued{TAYD }

[12:52] {magoo} this no bounce whartsoever in rimm blkows my mind

[12:55] {Threei}  holding well here

[12:56] {Threei}  watch for pullback entry

[12:58] {magoo} i mean..like a 4 point bnounce

[12:58] {magoo} to 51 ..52

[12:59] {Threei}  not in this market

[13:00] {Threei}  FED'S EVANS: US GDP WILL LIKELY FALL CONSIDERABLY IN THE FIRST HALF OF 2009, MAY BEGIN RISING AGAIN IN 2010

[13:01] {nemo} You mean they don't know?

[13:06] {dino}  blah, ba blah, ba blah...or as elaine would say "yada yadda"

[13:07] {Threei}  .56 RIMM long

[13:07] {vint} in .56

[13:07] {Threei}  .45 stop

[13:07] {Threei}  jeez

[13:08] {Threei}  get me out of here

[13:08] {vint} wow

06[13:08] * nemo hands Vad a 2 litre bottle of Grey Goose w/intravenous

[13:08] {Threei}  who said what where?

[13:09] {nemo} Here's a cultural reference, "Was that one lump or two?"

[13:10] {Threei}  market literally trips of itself

[13:10] {larisa} hey! 0.05 bounces DO work! :)

[13:10] {larisa} lol

[13:10] {Threei}  uhhu

[13:14] {Threei}  today I will have to side with magoo

[13:14] {Threei}  frustrating market

[13:14] {Threei}  but mags, it's a one time deal

[13:14] {magoo} vad..yesterday suk too

[13:14] {Threei}  next time I agree with you on anything is going to be in 2010

[13:14] {magoo} 2 winners in first 10 mins..thats it

[13:15] {nemo} there have definitely been more suck days since the beginning of the year.  It's averaging about 2 a week

[13:16] {nemo} Then again the other three have been killings, and, if I remember correctly...it was home run day after homerun day in the Fall

[13:16] {dptl} gonna finish on positive note...and see ya all tomorrow...have a good one all..

06[13:16] * Threei slaps dptl around a bit with a large roll of cash

[13:16] {magoo} u 2 dp

[13:16] {dptl} :)

[13:17] {Threei}  what kind of friend are you really

[13:17] {patience} this chaos has been good for my trading style

[13:17] {Threei}  we are suffering here, and he not only leaves but leaves with profit

[13:17] {nemo} Reminds me of a Steve Miller song...

[13:18] {dptl} :)

[13:21] {patience} back in hgu

[13:22] {larisa} patience, go on vacation, so chaos can stop for a while :)

[13:23] {patience} vad, take me to the bahamas please

[13:23] {larisa} lol

[13:23] {_bobv} jajaja

[13:23] {Threei}  that's a market for your trading stykle, not mine... so who is taking who

[13:24] {patience} i have so many more mouths to feed though

[13:31] {Threei}  uh oh

[13:31] {Threei}  Muzak filed for bankruptsy

[13:31] {Threei}  the only kind of music I understand...

[13:31] {nemo} Thank God!

[13:31] {patience} you are going to start singing in the elevator now?

[13:31] {Threei}  I hope they don't sop playing it in elevators

[13:33] {Threei}  if Lego goes out of business, I'll be left with no enetrtainment at all

[13:34] {Threei}  of course there are those books where you need to paint within the lines... but I have troubles with those

[13:35] {magoo} this mkts going RED

[13:43] {Threei}  IMF: NOT CHANGING GOLD SALE PLANS

[13:43] {Threei}  - Reminder on 4/7/08 IMF Board backed plan to sell 403.3 Tons from Gold holdings, sales would require approval from US Congress

[13:43] {Threei}  almost there... DJI is last one green

[13:44] {Threei}  PREVIEW: JAN MONTHLY BUDGET STATEMENT DUE OUT AT 2PMET

[13:44] {Threei}  **consensus expectation: -$78.0Be v +17.8B prior

[13:44] {larisa} cmon market, life is good and spring is coming! :)

[13:44] {dino} axys stopped

[13:45] {nemo} Miss sunshine

[13:45] {larisa} ty:)

[13:46] {Threei}  US SEN LIEBERMAN: SENATE BILL MAY CUT HOME BUYING TAX CREDIT TO $7,500 FROM $15,000

[13:46] {Threei}  great

[13:46] {Threei}  DJI red

[13:46] {Threei}  seems every time these guys open thier mouth it's a new whack on the market

[13:53] {dawg} RIMM in .98 out .10 small shares for crissake

[13:54] {Threei}  did the same, only with 1000... for the same reason

[13:54] {dawg} wtg Vadster

[13:54] {nemo} The Darkside strikes back!

[13:56] {cosmo} NICE wants more ... if she breaks 21.90

[13:56] {Threei}  AMZN, half lot short .60 break

[13:56] {Threei}  if stays below .70

[13:58] {Threei}  S&P REVISES U.S. SUBPRIME AND PRIME RMBS LOSS ASSUMPTIONS

[13:58] {Threei}  - Due to the generally poor outlook for the U.S. housing market, increased delinquencies and defaults, and residential inventory buildup, Standard & Poor''s is projecting that the underlying mortgage pools supporting subprime RMBS transactions issued in 2006 will experience aggregate cumulative losses ranging from 23% to 27% of the original principal balance, with an average of approximately 25%, and pools supporting transactions issued in 2007 will experience aggregate cumulative losses ranging from 28% to 32%, with an average of approximately 31%.

[13:59] {Threei}  5 cents, today's profit range per larisa

[14:00] {Threei}  JAN MONTHLY BUDGET STATEMENT: -$83.8B V -$78.0BE

[14:00] {Threei}  yikes

[14:03] {Threei}  AMZN 1:1 for crissssssake

[14:04] {dawg} )}

[14:04] {Threei}  lol

[14:04] {dawg} me too

[14:05] {Threei}  hawk, look dcc please

[14:05] {Threei}  market isn't dropping on that?...

[14:05] {nemo} it's been talked about forever

[14:09] {cosmo} NICE salmon

[14:10] {cosmo} well schooled

[14:11] {nemo} cute cosmo

[14:11] {cosmo} they have to be...

[14:12] {nemo} naother leg down coming?

[14:13] {Threei}  most likely

[14:15] {Threei}  looks like panic selloff in the making

[14:15] {Threei}  RIMM is likely to make new lows

[14:17] {Threei}  -10... what a carnage on RIMM

[14:18] {Threei}  laserdave, dcc

[14:28] {Threei}  sheesh

[14:28] {Threei}  anyone can read this?? :)

[14:28] {dawg} caugt spike in RIMM .91 to .38 small shares

[14:28] {Threei}  wow

[14:28] {Threei}  nice!

[14:28] {dawg} ).

[14:30] {Threei}  no way in the world I could see this spike coming

[14:31] {wulff} need to put your spikey hat on

[14:32] {Threei}  but, ever since I put spikes on inner side, it hurts

[14:32] {dawg} lol

[14:34] {wulff} kind of neutral here

[14:35] {Threei}  .50 break on RIMM?

[14:35] {Threei}  dawg?

[14:36] {dawg} i'll man up for that Vad

[14:37] {Threei}  not breaking yet... but trying

[14:37] {dawg} ).

[14:40] {wulff} c'mon girl

[14:40] {magoo} resort to violence vad

[14:40] {nemo} whip the bitch

[14:41] {nemo} oooh....sorry...got a little carried away

[14:41] {wulff} who has the spikey hat on?

[14:42] {Threei}  can you believe this?

[14:42] {nemo} reality sucks

[14:43] {magoo} it will rinse us..then pop 3 points

[14:43] {Threei}  anyway, this pullback gave us support level for a stop

[14:43] {magoo} in

[14:43] {dawg} in

[14:44] {wulff} allready in

[14:44] {Threei}  1:1 was easy

[14:44] {Threei}  can it do more, no idea

[14:45] {Threei}  half out .67

[14:46] {wulff} scalp

[14:48] {magoo} stock down 10 points..cant even get 20 cents

[14:51] {magoo} WHOOOOOOOHHOOO

[14:51] {Threei}  SENATE MAJORITY LEADER REID: NEGOTIATORS HAVE REACHED A DEAL ON STIMULUS BILL

[14:51] {dawg} out if full

[14:51] {Threei}  no

[14:51] {Threei}  I am tired of it

[14:51] {Threei}  I am holding

[14:51] {Threei}  .45 stop

[14:51] {Threei}  and I want it over 48

[14:51] {magoo} look at that spike

[14:52] {Threei}  that's a good spike

[14:55] {wulff} somebody put the hat away

[14:55] {Threei}  yessssss

[14:56] {Threei}  my a$$ is out 48.15

[14:56] {Threei}  +63

[14:56] {Threei}  .63

[14:56] {magoo} me too .13 YYYYYYYYYYYEEEEEEEEE

[14:56] {magoo} biggest gain of year

[14:56] {Threei}  jeez... took all day to get one worthy trade!

[14:57] {magoo} stay focused boss

[14:57] {Threei}  but it made day positive

[14:57] {nemo} yeah...well get your arm back over your shoulder

[15:03] {dino} lol only about 135 to go

[15:04] {nemo} looks like the euphoria might be wearing off

[15:05] {dino} chatter about m2m coming out again

[15:05] {cosmo} NICE test at 22.19

[15:09] {dawg} RIMM in .20 break out .38 small shares

[15:09] {Threei}  don't overdo it... market retreats :)

[15:09] {dawg} OK i'm done for the day

[15:14] {dino} gj dawg

[15:15] {magoo} GS takethe high vad?

[15:15] {dawg} ty dino

[15:15] {Threei}  feels so mags...

[15:15] {magoo} to me too

[15:16] {magoo} mkt help of course

[15:16] {patience} vad, is today a heavier volume day?  ty

[15:17] {Threei}  vs yesterday? no

[15:17] {wulff} go PALM

[15:17] {magoo} in out GS .22 - .61

[15:17] {magoo} that fast

[15:22] {Threei}  wait

[15:22] {Threei}  what do you mean saying

[15:22] {Threei}  [14:56] {magoo} biggest gain of year

[15:23] {Threei}  we had bigger trades

[15:23] {dino} not magoo 3i

[15:23] {Threei}  where was he then

[15:23] {magoo} how come no comment on my GS

[15:24] {magoo} asked u..took it

[15:24] {magoo} +.39

[15:24] {Threei}  well... we were jealous

[15:24] {Threei}  so we ignored you

[15:24] {magoo} oh..i can relate to that

[15:24] {Threei}  :)

[15:25] {dino} where is he ever

[15:28] {dino} xl

[15:29] {Threei}  important how we close this day

[15:30] {Threei}  if with rally, it bodes well for a very strong day tomorrow

[15:31] {magoo} if IF buyers show up...RIMM should see 49

[15:32] {wulff} sensei, anything in particular that made you keep RIMM for more than a scalp?

[15:32] {dino} if...a word in the middle of life

[15:32] {magoo} also in middle of..nifwitt

[15:34] {Threei}  couple things wulff

[15:34] {Threei}  one of course was it being down so much for what just doesn't seem to be any valid reason

[15:35] {Threei}  I meant haircut is fine,

[15:35] {Threei}  but beheading for merely return to normal sales after holiday spike?

[15:35] {Threei}  so there was kind of loaded spring in it

[15:35] {magoo} and not even 1 pre bounce before his call

[15:35] {Threei}  right

[15:36] {dino} rimm trades to 52 tomorrow

[15:36] {Threei}  and another, that .50 resistance,

[15:36] {Threei}  it held for so long absorbing so much buying

[15:36] {wulff} ok

[15:36] {Threei}  usually when a seller is finally steamrolled in such cases, stock has nice p;otential

[15:36] {Threei}  big seller is finally done

[15:37] {magoo} mr miogi

[15:37] {Threei}  providing he isn't back with more of course, lol

[15:37] {Threei}  but more often that's the end of a big chunck of selling

[15:37] {wulff} dump truck selling

[15:37] {Threei}  yes

[15:37] {Threei}  the concept here is,

[15:37] {magoo} 15:37] {magoo} mr miogi

[15:37] {Threei}  he has some huge block to sell,

[15:37] {magoo} how u know so much:)?

[15:38] {Threei}  so he is looking for a certain point

[15:38] {Threei}  where buyers are wqilling to take a lot

[15:38] {Threei}  he isn't lifting because he is not confident buyers will chanse,

[15:38] {dino} 3:40ish spike up coming

[15:38] {Threei}  and because at higher prices he will have more competition from other sellers,

[15:38] {magoo} its been real late dino...3:43

[15:39] {Threei}  so this equilibrium he found is kind of ideal combination: not many other sellers, and buyers are taking all he has

[15:39] {magoo} which stock vad??HE HE

[15:39] {wulff} complex

[15:39] {Threei}  we had similar situation last week or mabe one before that

[15:39] {Threei}  don't remember stockj

[15:39] {Threei}  hawk was with me on it

[15:39] {Threei}  I remember price... .15

[15:40] {magoo} palm

[15:40] {magoo} popped to .80

[15:40] {Threei}  seller just wouldn't budge, no matter how much buyers took

[15:40] {Threei}  then he was finallyu out, and a stock was up 20 cents or so in a blink of eye

[15:40] {wulff} seller meaning at the "ask"?

[15:40] {Threei}  right

[15:41] {Threei}  I remember that was ARCA

[15:42] {Threei}  what you want to see in such cases is stock pulling back shallowly from the resistance, immediately rreturning, hitting offer again and again

[15:42] {Threei}  exactly what you saw on RIMM today

[15:42] {Threei}  also, it's usually one guy

[15:43] {Threei}  all tohers are eliminated, he is holding the fortress singlehandedly

[15:43] {Threei}  while he is sitting there, some return to sell with him and get taken out right away, and he is alone again

[15:44] {Threei}  almoast always he is using reserve

[15:44] {wulff} yup

[15:44] {Threei}  all you see is 100-200 shares

[15:45] {larisa} stubborn stock was STT with seller at 23.15 :)

[15:45] {Threei}  wow.. thank you :)

[15:45] {larisa} yw

[15:46] {Threei}  you remember? or found it somewhere?

[15:46] {larisa} my notes

[15:46] {larisa} febr 03 

[15:46] {Threei}  okay then... makes me feel better that it's not my memory (which is admittedly barely enough to remember my name in the morning)

[15:47] {Threei}  but makes me think, I am being watched and documented

[15:47] {larisa} absolutely

[15:47] {Threei}  RIMM really trying

[15:56] {Threei}  CEOS AT CONGRESSIONAL HEARING WITH EXCEPTION OF CITIGROUP'S PANDIT NOTE THEY DO NOT PLANT O SEEK ADDITIONAL TARP CAPITAL

[15:56] {dino} good

[15:59] {Threei}  FAS is closing almost at high

[16:00] {wulff} ty for the education

[16:00] {Threei}  always

[16:00] {magoo} rough day..but green..tired

[16:00] {Threei}  okay guys

[16:00] {magoo} ty sensei

[16:00] {Threei}  tired but overall not unhappy with this day

[16:00] {nemo} P&Q

[16:00] {magoo} yup

[16:00] {magoo} gotta hunt all day

[16:00] {Threei}  thank you all for your patience

[16:00] {magoo} never know what shows up

[16:00] {Threei}  takes a lot of it to wait out unfavorable market

06[16:00] * larisa slaps Threei around a bit with a large trout

[16:01] {Threei}  hmmm

[16:01] {larisa} had to vent

[16:01] {Threei}  what was that for?

[16:01] {Threei}  oh

[16:01] {Threei}  kay then

[16:01] {Threei}  feel free

[16:01] {larisa} :)

[16:01] {Threei}  just send me something for bruises

[16:01] {larisa} lol

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

[16:02] {vint} good evening Vad, see you tomorrow

[16:02] {vint} bye all

[16:02] {Threei}  yoo too