Feb 26 2009

STT long and CAT short made the day nicely positive despite a few small stops. Highlight of the day was CAT stop trailing with couple educational nuggets. Pull intraday chart and follow the comments!                                                                                                                                                                                                                                                                                                                                         

Session Time: Thu Feb 26 00:00:00 2009

[07:37] {nemo} mornink!

[07:38] {Threei}  Good morning comrades

[07:38] {nemo} for the glory of the Rodina

[07:38] {Threei}  what time president speaks today?

[07:38] {nemo} Easy short

[07:57] {magoo} morning

[07:57] {Threei}  Good morning comrade

[07:58] {Threei}  [07:38] {Threei} what time president speaks today?

[07:58] {Threei}  because I am sure at one point he does

[08:00] {Threei}  wowe BAC

[08:00] {nemo} So...we're gonna' be a bit short on estrogen in the room for a while

[08:00] {nemo} yeah BAC

[08:00] {Threei}  02/25/09 11:27pm

[08:00] {Threei}  [C] Citigroup Inc Reportedly Citi's initial read of regulators "stress test" plan for US banks is positive; capital level target for US banks still unclear

[08:00] {Threei}  - US banking institutions will need to meet well capitalization guidelines of tier 1 of 6% with majority in tangible common equity under stress scenario

[08:00] {Threei}  - Says regulators will ultimately define the amount of capital needed by banks

[08:00] {Threei}  - Sees no specific guideline/target likely to be provided

[08:00] {Threei}  - Under these rules and its stress test, Bank of America and Fifth Third do not need to issue more equity.

[08:00] {Threei}  - Note: The comments are from a Citigroup research note

[08:01] {nemo} Goebbels would be proud

[08:11] {magoo} vad u liking bac pre mkt pullbks?

[08:11] {Threei}  overall, yes

[08:11] {Threei}  I just am not sujre I can read them

[08:12] {magoo} well..wheres support..5?

[08:12] {Threei}  yes, yesterday's top

[08:16] {Threei}  BALTIC DRY BULK INDEX -0.5%, 4TH STRAIGHT DECLINE

[08:24] {patience} good morning RT  :)

[08:25] {nemo} Boy...is gold taking a pasting!

[08:26] {Threei}  patience :)

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 667K V 625KE; CONTINUING CLAIMS: 5.112M V 5.025ME

[08:30] {Threei}  *JAN DURABLE GOODS ORDERS: -5.2% V -2.5%E; DURABLES EX-TRANSPORTATION: -2.5% V -2.2%E

[08:31] {nemo} drinking yet Mags?

[08:32] {Threei}  DRYS

[08:32] {Threei}  REACHED FINAL AGREEMENT WITH NORDEA BANK FOR A COVENANT WAIVER ON THE $800 MILLION PRIMELEAD FACILITY

[08:32] {nemo} an there it goes...

[08:34] {Threei}  scalped from .22

[08:34] {nemo} what that pause?

[08:34] {Threei}  WHITE HOUSE ADVISOR SUMMERS: POLICYMAKERS HAVE TO CONFRONT WITH "VICIOUS CYCLES," NOTES US ECONOMY IS IN MOST RAPID DECLINE SINCE WWII

[08:37] {nemo} too much pre-market exuberance...alright...so I'm a glass is half empty guy...

[08:54] {magoo} .

[08:54] {nemo} ?

[08:54] {magoo} .

[08:55] {nemo} ?

[08:55] {magoo} .

[08:55] {nemo} !

[08:55] {Threei}  you do realize I will have to edit it all after hours, right?

[08:55] {magoo} just wondering why timestamp was not saved from yesterday

[08:55] {nemo} Vad, don't tempt us like that

[08:56] {ese} good morning....

[08:56] {Threei}  ese :)

[08:58] {ese} check out a friend of mine on youtube GENE HARDY...this will get your day started off right. http://www.youtube.com/watch?v=EV2Nb97aru0

[09:00] {ese} http://www.youtube.com/watch?v=EV2Nb97aru0

[09:00] {ese} don't know if you can click on that and giet it or not.

[09:01] {nemo} yes, you can....

[09:01] {pita} morning all!

[09:01] {Threei}  hey... president on TV soon

[09:01] {cosmo} yes we can

[09:01] {Threei}  pita :)

[09:01] {nemo} Short everything!!!

[09:01] {pita} change we can believe in

[09:01] {Threei}  in about 40 minutes

[09:01] {nemo} Yeah, no change

[09:02] {nemo} pissa' right after markets open

[09:03] {Threei}  looks only logical

[09:03] {nemo} I wonder if that after hours move in FAS and morning climb have something to do with his speech?

[09:03] {Threei}  if we ended yesterday's trading session with him, why wouldn't we start today's one with him

[09:05] {Threei}  seniors making over 170K a year are going to pay more for drug prescriptions

[09:06] {Onix} gm all

[09:07] {Threei}  onix :)

[09:07] {nemo} rock :)

[09:08] {ese} you guys and gals like Gene Hardys tune on youtube

[09:08] {nemo} YEP!!!!

[09:08] {Threei}  very much

[09:08] {nemo} I have a recording of that...can't remember who by

[09:09] {ese} he has a house here in victoria and come to clinic my high school band periodically

[09:10] {dptl} good morning all

[09:10] {Threei}  dp :)

[09:10] {dino} gm all

[09:10] {Threei}  dino :)

[09:10] {nemo} Hey ese...I sometimes go into the student performances at Berklee.  They're usually always good, and sometimes a real surprise

[09:10] {ese} dino dp....morning

[09:11] {ese} indeed.....have done that also nemo.....i would agree....there are some surprises

[09:11] {nemo} you come to Berklee all the way from there?!!!

[09:13] {dino} let's make lotsa money

[09:13] {fernp} Hello everybody

[09:13] {Threei}  you know president is on TV about 10 minutes after open, right dino?

[09:14] {Threei}  fern :)

[09:14] {pita} you have my vote dino.

[09:14] {ese} ha ha .....no sometimes the performances are posted online\

[09:15] {dino} yes?

[09:15] {Threei}  I amnot kidding

[09:15] {dino} guy cannot even figure out to talk before open or after close. even bush got that right

[09:15] {nemo} hehehe...they have a great performance hall.  Of course, we have Symphony Hall too.  Great acoustics in both venues

[09:16] {nemo} Was it Sabine who designed Symphony Hall?

[09:17] {ese} got me there

[09:17] {Threei}  so far, watching DRYS, BAC

[09:17] {Threei}  [08:32] {Threei} DRYS

[09:17] {Threei}  [08:32] {Threei} REACHED FINAL AGREEMENT WITH NORDEA BANK FOR A COVENANT WAIVER ON THE $800 MILLION PRIMELEAD FACILITY

[09:17] {nemo} on 5 min chart making a nice bull flag

[09:18] {dino} ok, so premarket up 100+. obama comes on 10 min. after open, market will lose 100

[09:18] {nemo} Obama might make it a very looooooooooooonnnnnnnnnnngggggggg bull flag

[09:18] {cosmo} yea...let's see if he can start a 'ally

[09:18] {Threei}  cosmo, word rally is allowed while larisa is on vacation

[09:18] {nemo} Can't have a 'ally without 'arisa

[09:18] {nemo} oh

[09:19] {cosmo} i play it safe....

[09:19] {cosmo} :)

[09:19] {nemo} she might be reading the logs

[09:19] {Threei}  we have freedom of speech back for three weeks or so

[09:19] {cosmo} exactly

[09:19] {nemo} worse than having a wife...almost

[09:19] {Threei}  be back in 5

[09:19] {dino} lol

[09:22] {cujo} morning

[09:24] {nemo} ese dcc

[09:24] {Threei}  cujo :)

[09:24] {nemo} that was only two Vad

[09:25] {Threei}  exactly 5

[09:25] {nemo} must be using metric system

[09:25] {Threei}  aadd timestamp to your mirc...

[09:27] {Threei}  dive into 4 to wtch for DRYS entry

[09:27] {nemo} full or half

[09:28] {Threei}  full

[09:28] {pita} seriously 4?

[09:28] {nemo} catch the bottom of the bungee jump, huh

[09:28] {Threei}  if we get that lucky pita

[09:29] {nemo} Obama will help

[09:29] {cujo} is there a logical stop on this yet?

[09:29] {Threei}  breakout scenario would require some consolidation

[09:29] {Threei}  not yet

[09:29] {Threei}  it's not the price per se

[09:29] {Threei}  it's the type of action

[09:29] {Threei}  sharp selling closer to 4 is desirable for entry

[09:29] {Threei}  slow slide, not so sure

[09:30] {nemo} big volume spike

[09:31] {Threei}  in any case, do not buy price itself, watch for stall pause,strength returning

[09:34] {Threei}  get ready

[09:34] {Threei}  wow BAC

[09:34] {nemo} something's out on Obama's speech already

[09:35] {Threei}  most likely won't held 5

[09:35] {Threei}  4

[09:36] {nemo} shoulda' shorted :)

[09:37] {dino} edu's getting hit

[09:37] {Threei}  still doesn't feel quite ready

[09:38] {nemo} everything pulling back

[09:38] {nemo} Obama effect

[09:38] {Threei}  ok... 4 break if not losing 3.90

[09:40] {dino} esrx

[09:40] {dino} psys

[09:41] {dino} watching apol, esi, esrx, psys

[09:41] {nemo} qs crashing

[09:41] {dino} ndx negative

[09:42] {nemo} Obama must be speaking

[09:43] {Threei}  not yet

[09:43] {Threei}  invalidated DRYS

[09:43] {fernp} it is consolidating instead bounces

[09:43] {nemo} wow

[09:44] {dino} mant

[09:44] {ese} what the heck is that little tail in the 1min qqqq....sheesh...talk about buying in low

[09:45] {ese} it's who you know isn't it.....

[09:45] {nemo} same in spy

[09:47] {nemo} So what's Obama saying

[09:47] {dino} gap around 53.50s esrx

[09:48] {cosmo} he's still on the phone i think

[09:49] {Threei}  PREVIEW: JAN NEW HOME SALES DUE OUT AT 10AMET

[09:49] {Threei}  **consensus expectation: 324Ke (-2.1%e) v 331K prior

[09:49] {Threei}  - most estimates range between 300K and 350K

[09:49] {Threei}  **note: Dec New Home Sales was at a record low 331K, and the months of supply in Dec stood at 12.9, a record high.

[09:49] {dino} late as usual

[09:49] {nemo} Blackberry you mean?

[09:49] {dino} psys getting extreme

[09:50] {cosmo} not sure ... i know its not a rotary

[09:50] {cosmo} ...dial

[09:51] {ese} what do you make of PSYS dino

[09:52] {dino} crazy, :)

[09:52] {dino} feels like one more whoosh lower, but conference call at 10:00 am

[09:53] {ese} yuk yuk yuk 

[09:53] {dino} mant i like, good report, guidance up

[09:53] {Threei}  MRVL two days high

[09:53] {dino} esrx was good too, so???

[09:53] {ese} lets just have a glance at mant

[09:53] {dino} fslr wants that 100 i mentioned yesterday

[09:53] {dino} please do es

[09:54] {nemo} Everything looks so tentative

[09:54] {Threei}  yeah, a lot of hesitance

[09:55] {cosmo} bush flash backs

[09:55] {dino} well, as fire marshall bill would say....

[09:55] {Threei}  LVS?

[09:55] {Threei}  I don't see news

[09:56] {nemo} maybe the Mob is buying Adelstein out?

[09:56] {dino} "let me tell ya something, you have match and gasoline, explosive situation"

[09:56] {nemo} He lives up here outside of Boston

[09:56] {nemo} who said that Dino

[09:56] {nemo} Hell, my breath is like that by 10 every night

[09:56] {dino} lol

[09:57] {nemo} Mags probably by 3 in the afternoon

[09:57] {nemo} here it comes

[09:57] {dino} jim carey, old sat. night live 

[09:57] {nemo} or was that living color...Fire Marshall Bill

[09:57] {Threei}  PRESIDENT OBAMA: THE 2009 BUDGET IS AN "HONEST ACCOUNTING" OF THE COSTS AND HARD CHOICES AHEAD

[09:57] {nemo} precursor to Pet detective

[09:57] {nemo} HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAH

[09:58] {dino} lol

[09:58] {nemo} ROFLOL

[09:59] {nemo} Is "Honest Accounting" especially when uttered by a politician, an oxymoron?

[09:59] {ese} he seems to have the "Gift of the Gab"

[09:59] {nemo} absolutely...fantastic orator...that's why he talks everyday.  He could run a wind turbine all by himself

[09:59] {ese} he doesn't really say things that piss the market off....like you know who and the new illustrius fed chairman

[10:00] {magoo} vad..we in anything?

[10:00] {Threei}  JAN NEW HOME SALES: 309 V 324KE (% M/M)

[10:00] {Threei}  no

[10:00] {Threei}  (-10.2% M/M)

[10:00] {Threei}  - Median sales price: $201,100 v $ m/m (-13.5%)

[10:00] {Threei}  - New Home months of supply: 13.3 v 12.2 months m/m (a record high)

[10:00] {Threei}  - prior New Home Sales revised from 331K to 344

[10:02] {ese} up......hmmmmmmm

[10:03] {dino} risky, sm l esrx .35

[10:03] {nemo} where's support Dino?

[10:04] {dino} stop is .96

[10:04] {Threei}  .long rimm .40 break if stays above .25

[10:05] {Threei} Long Setup:  RIMM  .40 break if stays above .25

[10:05] {dino} coin flip nemo

[10:06] {cujo} in

[10:06] {dino} stopped

[10:07] {dino} -.39

[10:07] {dino} gap filling

[10:07] {Threei}  no worky

[10:07] {cujo} stopped

[10:08] {nemo} stopped

[10:08] {Onix} stppoed

[10:08] {ese} vads bollinger bands tightening on PSYS dino ...will go long or short depending on which side it breaks through

[10:09] {dino} let me know es

[10:09] {Threei}  STT holding close to day high

[10:10] {ese} long 21.36 or short 20.94

[10:13] {ese} s .92 1/2

[10:14] {nemo} DRYS coming in for a double bottom?

[10:14] {dino} nice es

[10:14] {hawkfan4} WFC nice consolodation

[10:14] {ese} cover .56

[10:15] {Threei}  hawk :)

[10:15] {dino} gj

[10:15] {ese} +.36 psys

[10:15] {hawkfan4} good morning :)

[10:15] {ese} tks

[10:16] {fernp} morning hawk

[10:16] {ese} worked like a plan.....used upper and lower limits of B bands

[10:16] {ese} pressure still down

[10:16] {hawkfan4} fern :)

[10:18] {dino} waiting 19.61

[10:19] {dino} mant sm l .09

[10:22] {dino} psys sm l .61 risky

[10:26] {dptl} .

[10:28] {Threei}  WHITE HOUSE SEE CUMULATIVE US DEFICIT OF $3.8T DURING 2010 TO 2014 PEROID

[10:28] {nemo} Eh..so what...world's ending in 2012

[10:29] {_paliyad2009} good moring

[10:29] {Threei}  morning paliyad

[10:30] {dino} out psys .35, + .74

[10:30] {cujo} great trade dino

[10:31] {dino} ty

[10:31] {dino} lucky entry

[10:31] {dino} never thought it would get there

[10:32] {Threei}  DRYS should change the symbol to POS, don't you thinkl

[10:32] {cujo} yes

[10:32] {magoo} man..i was just thinking that

[10:33] {cujo} but i prefer FNPOS

[10:33] {fernp} ADBE breaking down

[10:33] {magoo} just go to zero and get kicked out of naz will ya

[10:35] {cujo} ss adbe .97

[10:35] {dino} esrx big old rinse

[10:36] {dino} ouch esi

[10:38] {cujo} stoped

[10:38] {Threei}  STT

[10:38] {Threei}  half lot long

[10:38] {Threei}  29 break

[10:38] {Threei}  stop under .80

[10:39] {dino} vz finally gets thu .00

[10:41] {dino} esi es?

[10:41] {Threei}  in aggresively

[10:41] {Threei}  .89

[10:41] {Threei}  .75 stop

[10:41] {magoo} .93 here

[10:42] {dino} out mant .48, +.39

[10:43] {Threei}  held by fingertips

[10:43] {dino} psys new lows

[10:43] {dino} that why we are not greedy in this bear

[10:44] {cujo} still looking for 29 break Vad?

[10:44] {Threei}  10:41] {Threei} in aggresively

[10:44] {Threei}  [10:41] {Threei} .89

[10:44] {cujo} yes but i mean target wise, or is it just a scalp?

[10:45] {Threei}  oh

[10:45] {Threei}  no, I think it's capable of more

[10:45] {dino} meds, bios not participating

[10:45] {Threei}  half out.20

[10:46] {Threei}  stop to under .90

[10:46] {Threei}  next target is around .40 - .50

06[10:48] * Threei kicks STT in the rear

[10:48] {Threei}  time for violence

[10:48] {Threei}  it's working and it's fun

[10:49] {Threei}  stop to under 29

[10:49] {magoo} out .40 TY 

[10:49] {Threei}  wecome sir

[10:50] {Threei}  second target hit

[10:50] {dino} strange rally, education, meds., rimm, mcd, wmt not participating

[10:50] {Threei}  out

[10:50] {Threei}  .43 and .45

[10:50] {fernp} ty Vad

[10:50] {Threei}  life looks brighter

[10:50] {Threei}  fern :)

[10:51] {magoo} vad..we should reload it..feels much higher

[10:51] {dawg} great call Vad ty

[10:51] {Threei}  dawg :)

[10:51] {Threei}  cujo, you out yet?

[10:52] {cujo} y

[10:52] {cujo} trailed stop on my last piece

[10:52] {dino} out vz leftover .99, +.29

[10:52] {Threei}  okay... market is pulling back rather hard

[10:52] {Threei}  and STT is up 3.50

[10:52] {cujo} great call.  thanks.

[10:52] {Threei}  risk is way too high here

[10:53] {Threei}  BAC consolidates close to hod, forms ascending triangle

[10:53] {dino} ipcm drop

[10:54] {dino} what happened, obama talk again

[10:55] {Threei}  not that I know but I am sure we may get another speech before this trading session is over

[10:55] {dino} egomaniac

[10:57] {Threei}  not going to be an easy trade and it's kind of 51/49

[10:57] {Threei}  so see if you like it

[10:57] {magoo} IN

[10:57] {Threei}  and consider it discretionary

[10:57] {magoo} IN

[10:57] {Threei} Long Setup:  BACK  .88

[10:57] {magoo} ??

[10:57] {magoo} BAC

[10:57] {magoo} BACK?

[10:57] {Threei}  sigh

[10:57] {Threei}  BAC

[10:57] {nemo} full half

[10:57] {Threei}  if stays above .78

[10:58] {Threei}  if sets up from here, stop under .80

[10:58] {Threei}  look at its liquidity and size of stop nemo... what do you think?

[10:58] {nemo} double

[10:58] {nemo} full

[10:59] {ese} dino....sorry i didn't check out esi....was away from the computor

[11:00] {Threei}  my take:

[11:00] {Threei}  if you want to play doluble on this kind, do not buy it all on break

[11:00] {Threei}  it makes a lot of pullbacks,

[11:00] {Threei}  buy 1 lot on a trigger,

[11:00] {Threei}  and add second on pullback

[11:00] {nemo} umbrella

[11:01] {Threei}  kind of, yeah

[11:01] {Threei}  modification of it

[11:01] {dino} grrrr had bid esi 109.09, whoosh takes it from 111 to 109.89, not enough

[11:02] {nemo} financials look like they might still pull back

[11:03] {Threei}  market got smacked

[11:03] {nemo} Obama must be in the bathroom

[11:04] {dino} lol

[11:05] {nemo} see the order issue with EDGE and possibly other ECNs?

[11:06] {dino} psys new low

[11:06] {cujo} no worky

[11:08] {Threei}  market is badly confused

[11:08] {nemo} nice to have company

[11:08] {Threei}  (no wonder though)

[11:08] {Threei}  with so many mixed signals, anyone is

[11:09] {Threei}  Orszag is talking now

[11:09] {nemo} kinda' like trying to pick up a woman in a bar and then you find out she's a lesbian

[11:09] {Threei}  OMB DIRECTOR ORSZAG: PROPOSES CAPITAL GAINS TAX INCREASE TO 20% - TV

[11:09] {patience} laughing

[11:10] {nemo} That's funny...it's only 15% on LT anyway

[11:10] {dino} yuk!

[11:10] {nemo} what's yuk for Dino?

[11:11] {Threei}  RESTORING TAXES FROM CLINTON ERA; SEEKING $1T TAX INCREASE ON HIGH EARNERS AND COMPANIES

[11:11] {Threei}  - Continues favorable dividend on corporate dividend

[11:12] {Threei}  lol... "families making more than 25K a year will be asked to pay more taxes"

[11:12] {Threei}  asked?

[11:12] {Threei}  can they refuse?

[11:12] {cujo} 250K

[11:13] {Threei}  250, yes

[11:13] {Threei}  US HOUSE REPORTELY EVALUATING POSTPONEMENT OF VOTE ON HOUSING BILL INCLUDING PROVISIONS FOR 'CRAMDOWNS'

[11:13] {dino} will be "asked" ?

[11:13] {dino} just say "no"

[11:13] {Threei}  that's what he said

[11:14] {cujo} personally think it is the wrong time to ask for more taxes from anyone.  Didn't he say no new toxes first year in office in light of economic condition during campaign?

[11:14] {dino} tax cuts for all i thought

[11:14] {Threei}  nope... for 95%

[11:14] {dino} then again, he wanted a balanced budget too

[11:14] {nemo} Taxes always go up in recessions because the government has to keep running even if you can't

[11:15] {dino} no, not under reagan

[11:15] {dino} supply side

[11:15] {cujo} i'm kinda concernes with the new tax treatment of hedge funds

[11:15] {cujo} concerned

[11:15] {cujo} all taxed at reg income regardless of holding period seems like a double standard.

[11:17] {Threei}  - Tax burden for hedge funds to private equity would almost triple.

[11:17] {cujo} yeah

[11:17] {dino} they will find a way around it

[11:18] {dino} any news rimm?

[11:18] {Threei}  no

[11:18] {cujo} not sure how that would trickle down to the general public but i'm sure it will not be good for NYC. 

[11:18] {Threei}  Seinfield: it's not going to be good for anyone

[11:19] {nemo} or NJ...they got a significant portion of its revenue from Wall Street

[11:19] {Threei}  farms earning 500K a year lose subs'idy

[11:19] {cujo} yeah, NJ as well.

[11:20] {Threei}  watching CAT

[11:20] {Threei}  if market firmly decides on downward, 25 breakdown will be a short trigger

[11:22] {ese} outta here for the day all....have a good one

[11:22] {Threei}  take care ese

[11:22] {ese} see ya vad

[11:23] {Threei}  BA

[11:23] {Threei}  DROPPING PLAN TO BUILD NEW CARGO PLANE FOR US ARMY AND AIR FORCE

[11:23] {fernp} SLM - DJ reports the Obama administration would end fees paid to banks that provide loans to students, all student loans would be administered through the Education Department's direct lending program

[11:24] {fernp} look at SLM

[11:25] {Threei}  yikes

[11:26] {nemo} Vad, what?

[11:26] {Threei}  looked at what fern suggested to look

[11:26] {Threei}  nightmares are made of this stuff

[11:27] {nemo} Oh jeesus FNM FRE all over again

[11:27] {Threei}  SLM is GSE too?

[11:27] {nemo} yes

[11:28] {Threei}  lol... short at will?

[11:28] {nemo} How do you short 0

[11:28] {Threei}  SLM?

[11:28] {Threei}  5.56

[11:28] {nemo} I know...joke

[11:29] {Threei}  OMB'S ORZAG: NO PLANS TO ASK CONGRESS FOR ADDITIONAL FUNDS, $250B FIGURE IS A 'PLACEHOLDER', WILL NOT NECESSARILY BE USED

[11:29] {nemo} This is probably a precursor to what they'll do with FNM an FRE

[11:29] {cujo} stop on that CAT .14-.16 area?

[11:29] {Threei}  yeah

[11:31] {Threei}  SLM breakdown

[11:32] {dino} mcd sm l .50

[11:34] {Threei}  if SLM loses this .30...

[11:34] {Threei}  lost

[11:34] {magoo} i bet mkt tanks today

[11:35] {magoo} yesterday...although we all acted like it was a green day..actually closed red appx.85 down

[11:36] {magoo} so down mon hard...up 223 tues...down wed 85

[11:36] {Threei}  it was a green day and we acted like that,

[11:36] {Threei}  it tanked on last minutes on sudden p;rez appearance

[11:36] {magoo} still sold

[11:36] {magoo} my point

[11:36] {Threei}  my point is we ated right

[11:36] {magoo} we were nmot even up 2 days

[11:37] {Threei}  SLM chases FNM/FRE

[11:37] {Threei}  ty fern

[11:37] {nemo} gonna be cell mates

[11:37] {fernp} shorted .40

[11:37] {Threei}  wtg

[11:37] {dino} gj

[11:38] {dino} i was afraid of it

[11:38] {nemo} me too, but I'm loaded in CAT so didn't matter

[11:39] {nemo} see tck today?

[11:40] {Threei}  feels like freefall in cards

[11:40] {pita} CAT short?

[11:41] {Threei}  it already triggered

[11:41] {dino} free fall? look at apol, esi, ceco, cpla

[11:41] {Threei}  I mean market in general

[11:41] {Threei}  has rthis cascading feel to it

[11:41] {magoo} [11:35] {magoo} i bet mkt tanks today

[11:42] {Threei}  yes mags...

[11:42] {Threei}  I intentinally ignored that in order to make you scroll up, copy and paste later

[11:42] {fernp} SLM stooped 5.01 +.39 

[11:42] {Threei}  our of genreal meaninglness

[11:42] {Threei}  wtg fern

[11:42] {Threei}  CAT 1:1

[11:43] {Threei}  half out

[11:43] {Threei}  not a scalp for me

[11:43] {Threei}  and here comes my cascade predicted by magoo

[11:43] {buyemsellem} keep us posted on stop moves for the CAT, please

[11:44] {magoo} where u short CAT?

[11:44] {buyemsellem} (half out)

[11:44] {Threei}  25.05 stop now, buyem

[11:44] {buyemsellem} thanks

[11:44] {Threei}  [11:20] {Threei} watching CAT

[11:44] {Threei}  [11:20] {Threei} if market firmly decides on downward, 25 breakdown will be a short trigger

[11:45] {Threei}  you really need to take me off ingore?

[11:46] {dino} huh? you say something?

[11:46] {Threei}  1:2 CAT practically, let's cover 1/4 more

[11:47] {Threei}  lol dino

[11:47] {Threei}  stop is 25.01

[11:48] {dino} oh mannnnnn, aspol, wanted 69.60, look now.

[11:48] {dino} apol

[11:49] {Threei}  next leg down is coming

[11:51] {dino} esi v sm l .60 wide risky

[11:53] {pita} gotta little CAT ty

[11:55] {Threei}  :)

[11:58] {_paliyad2009}  CAT 1:1 meaning please

[11:58] {Threei}  risk reward ratio

[11:58] {dino} sm l cpla .40

[11:58] {Threei}  withintial stop being 15 cents, 1:1 is reached at 15 cents profit

[11:58] {Threei}  1:2 at 30

[11:59] {_paliyad2009} thanks

[12:01] {magoo} STT here vad?

[12:02] {Threei}  not sure

[12:03] {Threei}  SLM... .80 break half lot short

[12:03] {Threei}  stop above .95

[12:04] {cujo} in SLM

[12:04] {Threei}  a bit too volatile, so half lot

[12:06] {Threei}  die already you SLiMe

[12:07] {cujo} SLiMe

[12:08] {dino} forgot order, sm l ..45, mant

[12:10] {magoo} mkts trying again bodss

[12:10] {magoo} boss

[12:11] {Threei}  I don't feel like going long at all

[12:11] {magoo} well u may just HAVE too lol

[12:11] {Threei}  SLM no worky

[12:14] {cujo} VAD, ss KO .90?

[12:16] {Threei}  if market resumes down, why not

[12:16] {cujo} stop .98 level?

[12:16] {dino} mant stopped -.46

[12:16] {Threei}  above 42

[12:17] {cujo} got it. 

[12:17] {cujo} Thanks. 

[12:17] {cujo} ss .90

[12:17] {buyemsellem} still have the CAT stop at 25.01?

[12:17] {dino} ouch afam, amed

[12:18] {dino} out cpla .90, +.50

[12:18] {Threei}  yes, will trail it with new low

[12:18] {dino} most likely soon, but market dropping

[12:19] {buyemsellem} OK

[12:19] {dino} i suppose w/obama having already killed financial, the medicals were obviously his next target

[12:25] {buyemsellem} and we have a new low in CAT

[12:25] {Threei}  whcih is beautiful

[12:25] {buyemsellem} indeed

[12:25] {Threei}  now, have a look at chart

[12:26] {buyemsellem} .81?

[12:26] {Threei}  and tell me where you would place new stop

[12:26] {buyemsellem} 24.81

[12:26] {Threei}  why... .90 was high of the bounce

[12:26] {buyemsellem} I see, .91

[12:26] {Threei}  .80 is possible,

[12:26] {Threei}  but way too aggressive

[12:26] {buyemsellem} .91 more conservative, cool

[12:26] {Threei}  too easy to get shaken out

[12:26] {buyemsellem} yup

[12:26] {Threei}  so, it's kind of personal prefernce

[12:27] {buyemsellem} got it

[12:27] {Threei}  some want to give it a bit more room and try to maximize the profit,

[12:27] {Threei}  some want to save every cent earned

[12:27] {Threei}  but we are cascading again

[12:27] {Threei}  and there is no slightest sign of market being supported

[12:27] {cujo} ko isn't dropping with mkt

[12:27] {buyemsellem} I'm going to try the conservative route, I'll be happy with the result either way

[12:27] {Threei}  I say let it drop

[12:27] {cujo} makes me worry

[12:28] {cujo} little bit...

[12:28] {Threei}  me thinks you worry too much...

[12:28] {Threei}  10 cents stop, come on

[12:28] {cujo} you know me well...

[12:29] {Threei}  this kind of stops shouldn't cause even normal blnking, not speaking of excessive

[12:29] {Threei}  and if you are uncomfortable with its behaviour, just scratch the trade

[12:30] {Threei}  how nice of CAT to reach 1:3

[12:30] {cujo} very nice.good kitty

[12:34] {dino} cpla sm l .30

[12:36] {dino} well that entry sucked

[12:39] {Threei}  (RU) RUSSIAN GOVT IS REPORTEDLY MULLING SPECIAL FUND TO POOL DISTRESSED BONDS

[12:39] {Threei}  a lot of reports lately about coming Russia/Ukraine financial troubles

[12:40] {dino} still messing w/those czar bonds huh, :)

[12:40] {Threei}  well, you know how they joked about major fault of the last czar...

[12:41] {dino} western european bank are going to get hurt by them

[12:41] {buyemsellem} what's that?

[12:41] {Threei}  "he left food for only 70 years"

[12:42] {Threei}  CAT:

[12:42] {Threei}  if drops to .60 from here, stop can be trailed to .81

[12:42] {buyemsellem} got it

[12:42] {Threei}  see lower BB coming into .60?

[12:42] {Threei}  the idea now is:

[12:42] {buyemsellem} yes

[12:43] {cujo} Vad can i move stop oon KO to .92?

[12:43] {Threei}  if it comes into lower BB and finds support there without making new low, it's time to trail tighter to preserve profit in case of double bottom

[12:43] {Threei}  absolutely cujo, you are around 1:1

[12:43] {buyemsellem} ok, i see, thanks

[12:44] {cujo} yup. just got out 1/2

[12:44] {cujo} 1/3

[12:44] {Threei}  and you wanted to dismiss the trade

[12:45] {Threei}  Isay let them work

[12:45] {Threei}  keep the plan

[12:45] {cujo} i didn't want to tell you, but i have a coke problem

[12:45] {cujo} jk of course

[12:45] {dino} the soda i hope

[12:45] {cujo} yes another pun gone wrong

[12:46] {Threei}  stop to .81 CAT

[12:47] {buyemsellem} ok

[12:51] {Threei}  see how it formed typical double bottom with higher low?

[12:51] {buyemsellem} yeah, that's a signal of reversal?

[12:52] {Threei}  not definite yet,

[12:52] {Threei}  but the reason to trail stop tighter for sure

[12:52] {buyemsellem} yep

[12:53] {Threei}  let me try and put it this way

[12:53] {cujo} stop on KO moved to .88

[12:53] {Threei}  no development is for sure,

[12:53] {Threei}  but each is a kind of test

[12:53] {buyemsellem} of course

[12:53] {Threei}  CAT tested the support and held it

[12:53] {Threei}  not good for downtrend continuation, right?

[12:54] {Threei}  now it has to test the resistance,

[12:54] {Threei}  if it breaks it, no reason to stay short

[12:54] {buyemsellem} right

[12:54] {Threei}  if it fails the test of resistance, it won't have proved itself to reverse

[12:54] {Threei}  thus short is intact until new test results come in.

[12:57] {buyemsellem} well, that .80 area has certainly proven to be resistant thus far

[12:58] {Threei}  yup, shows that trailing stop to it is reasionable step

[12:59] {cujo} out KO .78

[13:01] {Threei}  small profits add up

[13:01] {cujo} yeah

[13:01] {cujo} happy with trade

[13:01] {cujo} just s little over 1:1

[13:07] {pita} later all

[13:07] {cujo} ss bac .52

[13:08] {Threei}  SLM

[13:08] {Threei}  SSUES STATEMENT

[13:08] {Threei}  - CEO: "In 2008, we worked closely with Congress and the Administration to ensure continued access to federal student loans at no increase in cost to taxpayers. Through our loan delivery systems and financial resources, we committed to make federal loans to every eligible student at every school in the country. We are proud that in this economic crisis, we provided more loans to more students than ever before, and we did it using lower-cost federal funding similar to what is being proposed today We look forward to bringing these same resources to the table to help the Administration and Congress achieve their objectives.

[13:08] {Threei}  - As more details emerge in the weeks and months ahead, we will continue to work with the Administration and Congress to implement the best solution for students, schools and taxpayers. We stand ready to continue to deliver student loans that best meet families needs. We are committed to delivering and servicing federal student loans, regardless of their funding source. "

[13:10] {cujo} out 1/2 .42

[13:11] {Threei}  cat stop to .71

[13:11] {Threei}  1:3 and counting

[13:11] {buyemsellem} very nice

[13:12] {fernp} wonderful trade. great lesson Vad

[13:12] {Threei}  :)

[13:14] {magoo} surprisesurprise red

[13:14] {cujo} Bac out full for small scalp (+.10)

[13:25] {wulff} What's the read on the afternoon? hard to tell

[13:26] {Threei}  depends on the timing of the next speech

[13:26] {wulff} mine?

[13:26] {Threei}  lol

[13:27] {Threei}  sorrty but I meant a little more influential person :)

[13:27] {Threei}  no offense :)

[13:30] {wulff} I am very influencial among my peeps

[13:30] {Threei}  ok, then please tell me stocks are among your peeps

[13:30] {Threei}  we will make a fortune in two days and retire

[13:32] {buyemsellem} If CAT goes down from here you should use this trade to make a DVD about trailing stops

[13:32] {buyemsellem} textbook

[13:32] {wulff} privilaged information

[13:33] {wulff} in RIMM .20

[13:33] {magoo} .19 here

[13:33] {Threei}  SWEDISH PM: GM MUST KEEP SAAB OR FIND A NEW OWNER TO GAIN ACCESS TO GOVT LOANS

[13:34] {dino}  lol, nobody wants it

[13:35] {wulff} my wife does

[13:43] {Threei}  CAT done

[13:43] {wulff} out of the woods MAgoo

[13:43] {jmb} Thanks Vad CAT

[13:43] {Threei}  welcome :)

[13:44] {buyemsellem} that was fun

[13:44] {Threei}  and profit

[13:44] {Threei}  and it's legal??

[13:44] {Threei}  sheesh

[13:44] {dino} cpla  out .10, +.80

[13:44] {buyemsellem} ha

[13:45] {cujo} gs pullback to .50?

[13:45] {cujo} didn't happen 

[13:45] {Threei}  if it pulls back, most likely will bottom just under .50

[13:45] {cujo} got ya.  Will keep an eye on it. 

[13:46] {magoo} out rimm .38

[13:46] {wulff} gj

[13:47] {cujo} good one Wulff

06[13:47] * Threei slaps magoo around a bit with a large suggestion to moderate this combination of fun ad profit lest gods get angry. Either sulk while making money or have fun while losing.

[13:47] {magoo} OY

[13:47] {magoo} lol

[13:48] {magoo} rimm really powerless today

[13:48] {magoo} tech inm general i guess

[13:49] {magoo} STT VAD..read here

[13:49] {magoo} 27.50 holds well

[13:50] {Threei}  I don't like buying breaks on STT

[13:53] {Threei}  watch GS off .40 or so

[13:53] {cujo} went in .53

[13:53] {Threei}  if market resumes, it's likely to return to 94 and break it

[13:56] {Threei}  took .43

[13:56] {cujo} nice entry

[13:57] {Threei}  half out .72

[13:57] {cujo} went to the well twice. Couldn't bring myself to go in again.

[14:00] {Threei}  out balance

[14:16] {Threei}  now, this is news worth a whole headline

[14:16] {Threei}  RAI

[14:16] {Threei}  URGES STATE OF NORTH CAROLINA TO EXEMPT BARS & NIGHTCLUBS FROM STATE-WIDE SMOKING BAN

[14:17] {magoo} and mkt will tank on it lol

[14:18] {Threei}  sideways action... can't get a feel for the hext direction

[14:19] {magoo} gun to head .51 % up

[14:19] {dino} sm l psys .50

[14:21] {dino} oh man, hate to see what would happen if mant missed and lowered

[14:24] {dino} psys stopped -.32

[14:24] {dino} done w/it, off screen

[14:26] {Threei}  see RIMM big offer .03?

[14:26] {Threei}  long if it's taken

[14:26] {cujo} i think i'm missing total book

[14:27] {magoo} vanished

[14:27] {cujo} stop under 40?

[14:27] {cujo} .90

[14:27] {Threei}  .95

[14:27] {cujo} got ya

[14:29] {Threei}  he is back

[14:30] {Threei}  out

[14:30] {Threei}  FDIC: TROUBLED BANK LIST GREW TO 252 IN Q4 FROM 171 IN Q3

[14:34] {Threei}  - Deposit insurance fund lost $15.7B in Q4, net charge off rate for US banks is at highest ever, reserve ratio for deposit insurance fund at lowest since 1993

[14:34] {Threei}  - Problem Bank assets at $159.4B v $115.6B q/q

[14:34] {Threei}  - Q4 Banks losses at $26.2B (first quarterly loss since Q41990)

[14:35] {dino} random action all day

[14:36] {dino} heck, aig was more than that

[14:38] {dino} out esi 109.74, +1.14 v sm

[14:41] {Threei}  NEW YORK STATE GOVERNOR SENDS LETTER TO US TREASURY REQUSTING AID FOR BOND INSURERS

[14:46] {dino} esrx may have bottomed

[14:49] {dino} mant sm l .00

[14:52] {Threei}  PSYS

[14:52] {Threei}  HEARING DEFENDED AT RAYMOND JAMES

[14:53] {dino} bit late

[14:53] {Threei}  lol

[14:54] {Threei}  let's short it?

[14:55] {dino} mant stop to .89 market drop

[14:56] {dino} [14:55] {Threei}  let's short it?

[14:56] {dino} wow, at -10+

[14:57] {Threei}  seems no such thing as bottoming today :)

[14:57] {dino} you see, only allowed one positive days/week in '09

[14:57] {Threei}  and if trying for second,powers that be give speech

[14:57] {magoo} NEWS??

[14:58] {Threei}  nope

[14:58] {Threei}  just market says what it thinks of budget, stimulus, bank rescue and general business climate

[14:58] {dino} you guys want me to start talking on cnbc every day? i could

[14:59] {Threei}  AIG

[14:59] {Threei}  REPORTEDLY EVALUATING WIDE RANGE OF POSSIBILITIES WITH THE GOVT ON THE RESTRUCTURING OF THE BAILOUT

[15:03] {dino} feel like the cheetos tiger...blah, blah, blah

[15:04] {dino} esrx sm l .65, stop lod

[15:06] {cujo} faz

[15:06] {cujo} sry, wrong window

[15:07] {nemo} faz had that cup and litle handle before it bolted through 53

[15:08] {cujo} yeah

[15:09] {dino} mant to .19

[15:10] {dino} out mant .20, +.20 reverse slip

[15:12] {nemo} mags...3:40 run?

[15:12] {dino} esrx out .95, +.30

[15:14] {Threei}  let's make bets?

[15:15] {Threei}  -150, possibly -200

[15:15] {nemo} on the S&P :)

[15:15] {Threei}  DJI

[15:15] {nemo} I figured, and frankly, I'm with you

[15:19] {dino} uh oh, forgot one, cpla l sm .56

[15:21] {dino} ndx at mondays' low

[15:22] {Threei}  and going lower, IMO

[15:22] {Threei}  GM

[15:22] {Threei}  DELAYS 10-K

[15:25] {wulff} I say we close positive

[15:25] {Threei}  I appreciate the self-sacrifice for the sake of having a bet :)

[15:25] {wulff} LOL

[15:26] {dino} we can't wuff

[15:26] {dino} [14:57] {dino} you see, only allowed one positive days/week in '09

[15:28] {Threei}  CAT new 52 week low

[15:28] {Threei}  ever since we first shorted it at 30, we could just go to sleep and wake up today

[15:29] {cujo} have to tone down the room to PG-13?

[15:31] {Threei}  well, it's a trading room... a lot of people read the log as turned out... people have different ;political inclinatrions, and while I do not hide mine I simply have no intention to turn the logs into subject of discussion of politics

[15:31] {dino} good one nemo

[15:31] {Threei}  I get enough idiotic e-mails as it is :)

[15:32] {Threei}  how about one I got a week ago, lemme find it

[15:32] {cujo} do you have a big T+1 following?

[15:33] {Threei}  here it is

[15:33] {Threei}  You say you trader. You not use indicator.

[15:33] {Threei}  You not trader.

[15:33] {Threei}  S.

[15:34] {dino} maybe he ment traitor

[15:34] {dino} you know what they say 3i

[15:34] {Threei}  whatever... this kind of e-maails is direct threat to my life - I almost died laughing of this one

[15:34] {dino} theres a chair for every azz

[15:35] {Threei}  hehe

[15:35] {cujo} maybe he has the secret indicator...?

[15:35] {wulff} 50 pts VAD

[15:35] {Threei}  hmmm... market seriously trying to recover? can't be

[15:35] {Threei}  but what do I know... I not use indicator... I not trader

[15:36] {dino} well, i guess theres only one way to trade then

[15:40] {Threei}  strange day... nicely positive but no feeling of fun

[15:40] {Threei}  rather tiresome

[15:41] {dptl} you don't have indicator ..thats all.....lolo

[15:41] {Threei}  yeah I guess

[15:41] {dino} out cpla major slip from .24 to .09, in any case, +.54

[15:41] {Threei}  that's it

[15:43] {dino} i'm thinking i'm done for day, good one and not much time left

[15:43] {Threei}  don't leave dino

[15:43] {Threei}  we have bet to be resolved

[15:43] {Threei}  and wulff seems to be going for gold

[15:43] {cosmo} "stoc-relative strength" is a fun indicator

[15:44] {cosmo} but... no matter..

[15:44] {dino} ok, i'll hang, just done

[15:44] {dino} discipline trumps conviction, as they say

[15:44] {nemo} Wow, and Larisa won't get to see this

[15:44] {wulff} Who's gold?

[15:45] {Threei}  discipline may trump conviction, but indicator trumps them all

[15:46] {dino} lol

[15:47] {dino} 944 gold

[15:48] {cosmo} it got to 850 back in 1979 .... should be doing better than that by now.

[15:49] {Threei}  well, adjused by inflation it's doing much better

[15:49] {Threei}  I mean NOT doing much better

[15:49] {cosmo} whew

[15:49] {Threei}  lol

[15:50] {patience} tsx up 243 so far...been good to me this week

[15:50] {Threei}  wo minutes wulff... 40 points still

[15:50] {Threei}  10 minutes

[15:51] {Threei}  sctually... in cotext of all the numbers we got this morning, I'd say market held remarkably storng

[15:51] {Threei}  strongly

[15:52] {Threei}  and we had only one speech today

[15:54] {Threei}  Christina Romer on CNN

[15:54] {Threei}  250K for tax purposes per household

[15:54] {Threei}  not per person

[15:54] {cosmo} darn

[15:54] {patience} ouch

[15:54] {Threei}  divorse cosmo

[15:55] {Threei}  or divorce

[15:55] {Threei}  EBAY EXEC: PLANS TO MAKE CHANGES EVEN IF THE MOVE HURTS THE BOTTOM LINE - CONF CALL

[15:56] {Threei}  huh?

[15:56] {Threei}  is change becomes new fashion?

[15:56] {Threei}  is becomes... nice grammar

[15:56] {buyemsellem} and the bottom line is out

[15:56] {wulff} wulff retires beaten to his den.

[15:56] {Threei}  4 minutes still

[15:56] {Threei}  no green but I have to say...

[15:56] {Threei}  I expected much worse close

[15:57] {cosmo} the day is young

[15:57] {Threei}  ya think?

[15:57] {cujo} cosmo, you on the west coast?

[15:57] {wulff} got caught in that GS fall

[15:57] {cosmo} yes

[15:57] {cujo} nice

[15:57] {cujo} 1pm close, hit the golf course. 

[15:58] {Threei}  with what?

[15:58] {cujo} :)

[15:58] {Threei}  not the market where blown stops are forgiven wulff...

[15:58] {cosmo} nope .... too sunny

[15:58] {wulff} got back more than I thought

[15:59] {Threei}  NASDAQ closes at the low

[16:00] {dptl} have a good evening all

[16:00] {Threei}  so does DJI

[16:00] {Threei}  take care dp

[16:00] {Threei}  okay guys

[16:00] {Threei}  thank ytou all

[16:00] {Threei}  havce a good evening

[16:00] {Threei}  see you tomorrow

[16:02] {fernp} good evening all

[16:03] {dino}  thx all

[16:04] {buyemsellem} thanks see you tomorrow

[16:05] {cujo} catch you all later

[16:06] {Threei}  DELL is getting killed

[16:06] {dino} deck too

Feb 25 2009

Beautiful day on both sides, short and long. Shorted CAT twice, played long on RIMM multiple times, plus BAC, STT, GS and whatnot. Profitable trades become bigger lately, well beyond just scalps, while we manage to keep stops to a scalping size.

Session Time: Wed Feb 25 00:00:00 2009

[07:59] {magoo} mornink comrades

[07:59] {Threei}  good morning

[08:01] {Threei}  BAC is knocking on yesterday's high 4.75

[08:01] {magoo} u in? morning btw

[08:02] {Threei}  hi

[08:02] {Threei}  no

[08:02] {magoo} man fslr after hrs hit 147..look here

[08:02] {Threei}  guided flat to lower

[08:02] {nemo} did I miss anything?

[08:02] {magoo} imagine buying 146 

[08:02] {Threei}  not really

[08:03] {magoo} just this nemo..............

[08:03] {Threei}  that would be painful

06[08:03] * magoo slaps nemo around a bit with a large trout

[08:03] {nemo} Ahh...fresh fish for breakfast.  Nothing like cannabilism in the morning!

[08:03] {magoo} jesus...obama referrenced the private jet last nite vad

[08:04] {Threei}  sigh

[08:07] {Threei}  BALTIC DRY BULK INDEX -2.5%, A THIRD STRAIGHT DECLINE

[08:08] {Threei}  what can I say... that was a great speech

[08:12] {nemo} True words are not fine sounding.  Fine sounding words are not true

[08:20] {Threei}  nice BAC

[08:20] {Threei}  fess up magoo

[08:20] {Threei}  I am sure you couldn't resist and grabbed the break

[08:22] {magoo} nope..watching fslr

[08:27] {larisa} good morning

[08:27] {nemo} gm larisa :)

[08:27] {magoo} larisa:)

[08:28] {larisa} nemo, magoo :) what did you do with vad ?

[08:29] {Threei}  larisa :)

[08:29] {larisa} gm:)

[08:31] {Threei}  why do you think he did anything?

[08:34] {Threei}  interesting

[08:34] {Threei}  BAC continues exhibiting strength, FAS is reddish

[08:35] {nemo} what do you mean by "reddish"?

[08:35] {magoo} real money saying speech didnt address banking issues ./..

[08:35] {nemo} duh...he doesn't understand them, how can he address them?

[08:35] {Threei}  ummm... reddish is red but nit by much :)

[08:36] {Threei}  well... to his defense, since when is state of the union speech addresses such specifics

[08:36] {nemo} just want to make sure we're not talking about your favorite wine. "with just a hint of 'ally"

[08:37] {magoo} can u imagine if mccain had won...but thgen we had exact same situation as obama...how bad the media would be all over mccainb

[08:37] {nemo} Then again, after the spike yesterday a little snap-back for both FAS and FAZ could reasonably be expected

[08:37] {magoo} well vad...thats what mkt players were looking for

[08:38] {Threei}  we are supposed to get the details on March 4

[08:38] {nemo} and then we'll march forth....

[08:38] {Threei}  if they expected to hear them in yesterday's speech, that was dumb

[08:39] {Threei}  then again...

[08:39] {magoo} cramer saying u have to start selling today{although he has been a contra of late}

[08:40] {Threei}  start?

[08:40] {Threei}  lol

[08:40] {Threei}  I'd say you had to start selling a year and half ago

[08:41] {Threei}  tioday you'd be finishing

[08:41] {magoo} good one vad

[08:41] {Threei}  but, I don't expect today to be as giddy as yesterday

[08:41] {Threei}  at least not right now

[08:41] {_paliyad2009} finaly found where to type good morning:)

[08:41] {Threei}  good morning paliyad

[08:42] {Threei}  there is just one place for that, lol

[08:42] {Threei}  remember I said yesterday,

[08:42] {magoo} paliy:)

[08:42] {Threei}  as fine as yesterday's rally was,

[08:42] {Threei}  we are not of the woods yet by any stretch of imagination,

[08:43] {Threei}  that was just a taste of things to come, but not a start of consistent bull market yet

[08:43] {Threei}  it's start and stop regime for now

[08:44] {Threei}  so, for now the plan is:

[08:44] {Threei}  withdraw yesterday's "buy anything"

[08:44] {Threei}  and back to "be picky and careful"

[08:47] {Threei}  When asked what he thought the word meant, Bernanke said with a smile, Public-private partnership, I suppose.

[08:47] {Threei}  if that's not a embodiment of hypocrisy

[08:49] {magoo} listened to some ted nugent on ride to work..."mkts got u in a stranglehold baby...so u better get outof its wayyyy"

[08:52] {Threei}  I don't know why but some of major clearing houses yesterday rendered 16 leveraged ETFs "cash only, no margin"

[08:52] {Threei}  including FAS

[08:52] {Threei}  FAZ'

[08:52] {Threei}  and 14 others that we never traded

[08:53] {Threei}  if you want I can post full list

[08:55] {buyemsellem} good morning

[08:55] {nemo} Oh geez...quoting Ted Nugent...the Apocalypse is upon us...wife is pretty hot though

[08:55] {cosmo} First Solar (FSLR.O) shares slid after the closing bell on Tuesday after the designer and manufacturer of solar modules said the short-term outlook for the solar industry has never looked more difficult.   fyi

[08:55] {Threei}  buyem :)

[08:56] {buyemsellem} that's interesting about the "no margin" on those ETF's

[08:56] {buyemsellem} you have any idea why that could be?

[08:56] {nemo} yes...maybe there's pressure about there effect on the market?

[08:57] {Threei}  not really buyem, could be anything,

[08:57] {buyemsellem} I've heard complaints that things like inverse financial ETF's have been part of financials downfall

[08:57] {Threei}  one of guesses:

[08:58] {nemo} That's BS arguably, because if the banking system were in good shape FAS would be through the roof

[08:58] {Threei}  that particular clearing house had to send too many margin calls to traders playing leveraged ETFs

[08:58] {Threei}  and decided to limit their own risk

[08:59] {buyemsellem} OK

[08:59] {buyemsellem} yeah, sounded like a lame excuse to me. Like, yeah, banking sector is actually healthy it's the ETF's fault ha

[08:59] {cosmo} PNTR:  # Pointer Telocation Presents 2008 Results - Revenue of $76.6 Million Exceeds Company GuidancePR Newswire(Wed 4:57am)

[09:00] {Threei}  blame a thermometer for the fever

[09:00] {nemo} shooting the messenger

[09:01] {nemo} "Pull"..."Dropped like a stone."..."I love my peasants."

[09:01] {magoo} we are still oversold...but what  would really kill mkt enthusiam would be a big sell down today

[09:02] {Threei}  did Cramer bash SLW yesterday?

[09:02] {nemo} Yesterday seemed like a technical response to the last week

[09:02] {Threei}  pretty much

[09:03] {Threei}  widespread explanation is, markets reacted on Ben's optimistic forecats

[09:03] {Threei}  which IMO is bs

[09:03] {cosmo} solars seemed to anticipate that speech tho...

[09:03] {nemo} It would make sense to be flat or down today, although one would expect gold and mining stocks to move higher

[09:03] {Onix} gm all

[09:03] {Threei}  amount of IFs he insterted in his forecasts effective made his sppech a "things will be good if things go well"

[09:03] {Threei}  onix :)

[09:04] {Threei}  which in my book is far from a: deep wisdom and b) something inspirational for the market

[09:05] {cosmo} there will be growth ... in the Spring

[09:05] {Threei}  here, spring is here

[09:05] {cosmo} yep

[09:06] {Threei}  closer to opening I'l repost the working asssumption for the day for late arrivales

[09:11] {Threei}  meanwhile SLW is upticking

[09:14] {dino} gm all

[09:14] {Threei}  dino :)

[09:17] {fernp} Hello everybody

[09:17] {Threei}  fern :)

[09:19] {Threei}  be back in 5

[09:19] {dino} fslr blood

[09:19] {dino} wynn too

[09:23] {Threei}  (RU) RUSSIAN OIL OUTPUT TO FALL TO 120M TONS

[09:24] {Threei}  for late arivals:

[09:25] {Threei}  [08:42] {Threei} as fine as yesterday's rally was,

[09:25] {Threei}  [08:42] {Threei} we are not of the woods yet by any stretch of imagination,

[09:25] {Threei}  [08:43] {Threei} that was just a taste of things to come, but not a start of consistent bull market yet

[09:25] {Threei}  [08:43] {Threei} it's start and stop regime for now

[09:25] {Threei}  [08:44] {Threei} so, for now the plan is:

[09:25] {Threei}  [08:44] {Threei} withdraw yesterday's "buy anything"

[09:25] {Threei}  [08:44] {Threei} and back to "be picky and careful"

[09:25] {dptl} good morning all

[09:25] {Threei}  dp :)

[09:26] {larisa} FSLR made bad joke yesterday. Reported magnificent earnings, longs jumped on board. In 30 min in CC issued warning and stated 'difficult" situation, stock dropped 15%.

[09:28] {cosmo} sandbaggers

[09:28] {Threei}  often happens when earnings andguidance are reported separately

[09:28] {dino} i puller 2 bucks out of it in 3 minutes

[09:28] {Threei}  or when CC brings more details

[09:28] {Threei}  wtg dino

[09:29] {dino} lucky, entered 138 put sell in immediately 140, hit, went to 142, then collapsed

[09:29] {larisa} wow

[09:30] {cosmo} ERIC

[09:30] {cosmo} 8.13 hi so far

[09:31] {cosmo} needs to hold 8

[09:32] {pita} gm everyone

[09:32] {Threei}  pita :)

[09:33] {patience} gm RT  :)

[09:33] {Threei}  patience :)

[09:36] {nemo} I'm getting dizzy watching fas/faz

[09:37] {ese} morning

[09:37] {Threei} Short Setup: CAT  .70 half lot

[09:37] {Threei}  stop above .90

[09:37] {Threei}  ese :)

[09:37] {nemo} too fast

[09:37] {fernp} missed

[09:38] {Threei}  anyone's in?

[09:38] {nemo} When you getting that neural implant Vad?

[09:38] {Threei}  won't track it if not

[09:38] {magoo} missed

[09:38] {_paliyad2009} vad. will send email at end of the day to understand few things

[09:38] {Threei}  sure

[09:39] {ese} dino WYNN

[09:40] {nemo} K was ist mit Qs passiert?

[09:40] {Threei}  watching AKAM

[09:40] {Threei}  would like to get pullback into .70- .75 area

[09:40] {nemo} RIMM

[09:40] {Threei}  not really jazzed about breakout

[09:41] {dino}  i like it much lower es

[09:41] {dino} pretty bad report

[09:41] {Threei}  CAT , cover half here

[09:41] {Threei}  1:1

[09:41] {Threei}  stop to .75

[09:42] {pita} got it for a change, TY

[09:42] {Threei}  pita :)

[09:42] {Threei}  what to get really, bounced right into trigger :)

[09:42] {dino} hei?

[09:42] {pita} Yes, usually too slow

[09:43] {pita} me that is

[09:43] {nemo} why RIMM running?

[09:43] {Threei}  RIMM, watch for entry on pullback into 40.60

[09:44] {ese} thinner than wynn dino

[09:44] {nemo} here it comes

[09:44] {ese} bigger drop though

[09:44] {Threei}  PREVIEW: JAN EXISTING HOME SALES DUE OUT AT 10AMET

[09:44] {Threei}  **consensus expectation: 4.79Me (+1.1%e) v 4.74M prior

[09:44] {Threei}  - analyst estimates range between 4.5M to 4.9M

[09:50] {ese} nerves of steel mags.....good one

[09:50] {dino} out bceco leftover, .47, +.33

[09:50] {Threei}  anyone caufght RIMM pullback while I was off?

[09:51] {buyemsellem} didn't pull back far enough

[09:51] {nemo} mags shorted

[09:51] {buyemsellem} I guess it did in retrospect ha

[09:52] {ese} looks like i might be down too vad

[09:52] {pita} AKAM still good?

[09:53] {Threei}  with market resuming upward only

[09:53] {Threei}  and stop under .70

[09:54] {dino} hei es?

[09:54] {dino} wynn approaches lod

[09:54] {nemo} akam almost looks like a C&H short?

[09:55] {Threei}  not against the market, it's a follower

[09:55] {dino} wynn wait under 20

[09:55] {nemo} understood

[09:56] {Threei}  if you took AKAM long, scalp only, look to exit over .80

[09:56] {Threei}  stop under .70

[09:56] {fernp} DRYS breakdown Vad?

[09:57] {Threei}  hmmm

[09:57] {Threei}  chart is right

[09:57] {Threei}  it's just that it's so stretched to the downside already on daily

[09:58] {Threei}  makes it iffy

[09:58] {Threei}  CAT, full out

[09:58] {Threei}  25.10, +.60

[09:59] {nemo} can you give guidance on range if we miss original break?

[09:59] {ese} ok i'm cut off everywhere now vad....are you online

[09:59] {Threei}  EXPLAIN PLS

[10:00] {Threei}  oops

[10:00] {Threei}  *JAN EXISTING HOME SALES: 4.49 V 4.79ME(-5.3% M/M)

[10:00] {nemo} Well...you give an exact break and the stock breaks.  have a chance to get in a few cents below or above...how far should we be willing to stretch entry?

[10:01] {Threei}  easy

[10:01] {nemo} be gentle

[10:01] {Threei}  you know your risk tolerance, you know the stop size

[10:01] {nemo} got it

[10:01] {Threei}  add a few cents to remain within your risk tolerance

[10:01] {nemo} change share size

[10:01] {Threei}  maybe adjust size

[10:01] {Threei}  right

[10:01] {Threei}  but in this case it was different

[10:01] {nemo} DENSA all the way

[10:01] {Threei}  it went down too far on original break

[10:02] {Threei}  not for chasing

[10:02] {nemo} yeah screamed through risk tolerance levels

[10:02] {Threei}  entry was available on second chance

[10:02] {Threei}  when it bounced right back into trigger

[10:03] {Threei}  STT

[10:03] {Threei}  bounce candidate, watching

[10:03] {Threei}  half lot, volatile, and let;'s wait for one more leg down

[10:04] {Threei}  wow CXAT... why do I always cover it too early

[10:04] {Threei}  CAT

[10:04] {Threei}  come on STT, drop about 40 - 50 cents more

[10:04] {nemo} chrissakes if you caught and stayed in cat you'd be done for the day

[10:05] {nemo} looking to close yesterday's gap up?

[10:06] {Threei}  it didn't gap yesteday

[10:06] {nemo} well, it shot up from 25

[10:06] {Threei}  ok, better now... want something under 25.50

[10:06] {nemo} that seems to be support

[10:06] {Threei}  sharp selling, market revesring

[10:06] {Threei}  SATT pausing

[10:06] {Threei}  that's the scenario for entry

[10:07] {dino} dino presents new law... no more politicians allowed to talk on tv

[10:08] {Threei}  OK, we are almost ready

[10:08] {Threei}  need market help now for entry

[10:09] {dino} 7105, 1126, 742 mondays' lows

[10:09] {Threei}  in

[10:09] {Threei}  stop under .30

[10:09] {dino} esi, ceco up. cpla apol down

[10:09] {Threei}  got .47

[10:11] {Threei}  half out STT

[10:12] {Threei}  .80

[10:12] {Threei}  stop .45

[10:14] {dino} watching apol, wynn, hei

[10:15] {Threei}  am I too greedy on STT?

[10:15] {nemo} singles and doubles dude

[10:15] {Threei}  well, it doesn't return to the low while market does

[10:16] {nemo} especially after yesterday

[10:16] {Threei}  and I have what, couple cents risk on the second half?

[10:16] {Threei}  whatever, I'll give it a chance

[10:16] {nemo} house money? what the hell...

[10:16] {Threei}  right

[10:16] {Threei}  and ashes of CAT knock in my heart

[10:17] {nemo} NOT GREEDY ENOUGH!!!

[10:17] {KSystems} any thoughts on gold, Vad?

[10:17] {nemo} look at SLW

[10:18] {Threei}  you know... I honestly don't understand gold

[10:18] {nemo} too small a market too few players TOO politically important

[10:18] {Threei}  I guess

[10:19] {nemo} I surmise since there's too much guessing you can't calculate the probabilities?

[10:19] {pita} reload STT this area?

[10:19] {KSystems} you gotta feel it in your little finger nemo :)

[10:20] {nemo} the little one?

[10:20] {Threei}  not sure pita

[10:20] {Threei}  I wouldn't

[10:20] {Threei}  one thing to hold the balance with half of profit secured and virtually no risk

[10:20] {Threei}  another is to go in again on this hesitance

[10:20] {nemo} kein witz bezueglich Schwanz, bitte!

[10:21] {Threei}  tinkering with STT I totally missed great RIMM pullback

[10:21] {Threei}  I need another eye

[10:21] {nemo} I was just going to say that

[10:22] {pita} and RMBS

[10:22] {Threei}  not very delighted by RMBS

[10:22] {Threei}  pitiful bounces

[10:24] {Threei}  fern... see how narrow DRYS is?

[10:24] {fernp} yes.

[10:24] {Threei}  market dropped nicely, and all this thing did was 5 cents

[10:25] {fernp} you were right

[10:27] {dino} thats like 1%

[10:27] {Threei}  lol

[10:27] {Threei}  true

[10:28] {ese} questrade is still down.....how are these 3 stock doing NVDA CSIQ & ESLR

[10:28] {Threei}  OK... offering STT 26.05

[10:28] {Threei}  NVDA 7.73

[10:28] {Threei}  CSIQ 3.8

[10:28] {Threei}  ESLR 1.32

[10:29] {Threei}  and it's a pos

[10:29] {ese} tks

[10:29] {Threei}  out STT

[10:29] {magoo} out too

[10:29] {Threei}  +.58

[10:29] {magoo} 04 exit

[10:29] {Threei}  you undercut me?

06[10:29] * Threei slaps magoo around a bit with a large roll of cash

[10:29] {nemo} Not Mags...

[10:30] {Threei}  *DOE CRUDE: +717 V +1ME;

[10:30] {Threei}  GASOLINE: -3.32M V 0.0E; DISTILLATES: +882K V -1ME; UTILIZATION: 81.4% V 82.2%E

[10:31] {nemo} SOB yesterday was talking about the huge draw down in gas 

[10:38] {Threei}  CAT doesn't bounce very much

[10:38] {Threei}  and consolidates close to .70 low

[10:38] {nemo} There's a joke in there somewhere

[10:38] {Threei}  lol

[10:39] {Threei}  risk is increasing as it drops, but

[10:39] {Threei}  probably worth a try,

[10:39] {Threei}  .70 short with stop above .85

[10:39] {nemo} It's hanging (by it's claws) to support from yesterday

[10:40] {Threei}  for hard core scalpers, stop above .80

[10:40] {Threei}  yesterday's support is .40

[10:40] {Threei}  good 30 cents lower

[10:40] {cosmo} cat came back the very next day ..... i seem to recall...

[10:40] {nemo} so that run along .80 isn't support?

[10:41] {Threei}  ?

[10:41] {Threei}  not sure I understand

[10:41] {Threei}  what run along?

[10:42] {nemo} the .80-85 area between 12:30 and 13:30

[10:42] {Threei}  scalpers have 1:1

[10:42] {nemo} cover and long around .50?

[10:42] {Threei}  no long

[10:42] {nemo} o.k. 

[10:43] {Threei}  yesterday's low is .42, right?

[10:44] {Threei}  that line along .80 from yesterday can't be a support right now because we are already below it

[10:44] {Threei}  non-scalpers have 1:1

[10:44] {pita} great timing w mkt drop, ty

[10:44] {Threei}  welcome sir

[10:45] {Threei}  when you are in tune with nature, things happen just right

[10:45] {nemo} heheheh

[10:45] {Threei}  and unenlightened call it luck

[10:45] {pita} watch that arm!

[10:45] {Threei}  :)

[10:45] {Threei}  yeah, it hurts

[10:45] {Threei}  but I need to exrecise it regularly

[10:46] {dino} always bad mouthing me

[10:46] {Threei}  never

[10:46] {pita} yes, to make more calls

[10:46] {nemo} Yeah when, Dino...must be the voices in your head

[10:48] {dino} [10:45] {Threei}  and unenlightened call it luck

[10:48] {Threei}  that was too tongue in cheek to refer to your refrain dino :)

[10:48] {nemo} Mags isn't saying anything about the market today

[10:49] {dino} new bottle og jim beam keeping him busy

[10:49] {Threei}  lol

[10:52] {Threei}  CNBC'S SANTELLI: CREDIT DEFAULT SWAPS ON US TREASURIES HAVE RISEN TO 100 BPS

[10:52] {Threei}  uh oh

[10:52] {Threei}  WFC

[10:52] {Threei}  HEARING VAGUE CHATTER BUFFET'S BERKSHIRE MAY BE MOVING TO FURTHER INCREASE ITS STAKE IN WFC

[10:52] {Threei}  - note: as of Q4, Berkshire was already the largest holder with 6.86%

[10:53] {Threei}  WFC doesn't explode on this?

[10:53] {Threei}  that's trouble

[10:54] {Threei}  or I am just early with news?

[10:54] {Threei}  nope... downticks

[10:54] {dino} buffet running out of $$$

[10:55] {Threei}  well... still must have enough to warrant more than 5 cents movement?? :)

[10:55] {Threei}  6

[10:55] {Threei}  7

[10:55] {Threei}  lol, now we are talking

[10:56] {Threei}  that's the Buffet we know and love

[10:56] {Threei}  {--- still tongue in cheek

[10:56] {Threei}  FED'S BERNANKE: PAULSON AND I WERE TOO OPTIMISTIC IN SEPT; AVOIDED A GLOBAL COLLAPSE WITH OUR COORDINATED ACTION AND CONGRESSION ACTION IN OCT - HOUSE TESTIMONY Q&A

[10:56] {dino} hei sm l .30

[11:01] {magoo} vad..u like STT down here?

[11:01] {Threei}  can't get a read on it

[11:01] {Threei}  market narrowed down too much

[11:03] {dino} apol sm l .75

[11:05] {buyemsellem} just covered second half CAT at .45 thanks vad

[11:05] {Threei}  wtg buyem

[11:05] {dino} gj

[11:17] {cujo} did you guys miss me?

[11:18] {Threei}  badly

[11:18] {ese} bstop SPWRB 28.41 1/2

[11:18] {Threei}  but more important qwuestion is,

[11:18] {magoo} i know i did

[11:18] {Threei}  what did you miss

[11:18] {cujo} i know

[11:18] {Threei}  and answer is, a lot

[11:18] {cujo} stt and cat i hear

[11:19] {Threei}  yes, and for a very nice moves

[11:19] {dino} hei stopped

[11:20] {cujo} i have faith Vad.  you have a few mor in you today.

[11:22] {Threei}  no presure eh?

[11:22] {cujo} :) never.

[11:23] {magoo} ok..quiet because was deep sea fishin

[11:23] {magoo} hooked a marlin

[11:23] {magoo} l fslr ..111 out 113

[11:24] {Threei}  that's not fair

[11:26] {Threei}  trying to get a feel, whether finnies start serious move or fizzle out

[11:26] {nemo} finnies?  I have several

[11:28] {magoo} when u know me to be fair??

[11:30] {Threei}  never, I wouldn't expect it from you and in fact would be very disturbed if you started showing any signs of that

[11:31] {Threei}  US SENATOR SCHUMER: BANK NATIONALIZATION SHOULD BE 'AVOIDED AT ALL COSTS'

[11:32] {Threei}  {--- crying

[11:33] {Threei}  BAC chart looks not bad... I just don't see yet what I want to see on it for confident entry:

[11:33] {magoo} thats what we want to hear...i'nt it?

[11:34] {Threei}  pace rising greatly, prints scrolling much faster than they do now

[11:34] {Threei}  with this confident buying pressure like yesterday

[11:35] {Threei}  instead it's this lukewarm "yeah, let's try and buy... see what happens next... yawn"

[11:35] {Threei}  WHITE HOUSE NOTES ADMINISTRATION WILL LAY OUT "BROAD PRINCIPLES" FOR REGULATORY CHANGE, INCLUDING MOVES TO REDUCE RISK

[11:35] {Threei}  this could be another reason for general market hesitance

[11:36] {Threei}  regulatory change coming...

[11:36] {dino} mcd sm l .15

[11:36] {magoo} long a mickey d's quarter pounder w/cheese  dino

[11:37] {magoo} ill buy if u fly

[11:38] {dino} nope

[11:38] {nemo} is FAZ available to short?

[11:38] {Threei}  royal with cheese you mean?

[11:38] {nemo} Thanks John...

[11:39] {Threei}  no

[11:39] {nemo} FAZ is not?

[11:39] {Threei}  right

[11:39] {Threei}  FED'S BERNANKE: BANKS WILL BE TOLD HOW MUCH CAPITAL THEY NEED FOLLOWING STRESS TESTS, BANKS WILL HAVE UP TO SIX MONTHS TO RAISE PRIVATE CAPITAL

[11:39] {buyemsellem} send order failed: security not available to borrow (FAZ)

[11:39] {Threei}  huh?

[11:39] {dino} use fas

[11:40] {Threei}  banks will be told how much capital they need?

[11:40] {nemo} I know, just wondering if it's available, means heavy bets against, probably another up in FAS coming

[11:40] {magoo} another madoff scam ....westgate capital cramer reports

[11:41] {Threei}  private?

[11:41] {Threei}  - Bernanke notes there could be more substantial share of Citi owned by the US govt

[11:42] {Threei}  FED'S BERNANKE: NOT PLANNING ANYTHING LIKE NATIONLIZATION FOR CITI

[11:42] {dino} yeah, like 100%

[11:42] {Threei}  lol

[11:42] {Threei}  he said it's not nationalization - it's public-private partnership

[11:42] {magoo} l rimm .8

[11:43] {Threei}  US SENATOR SCHUMER: BLUEPRINT FOR FINANCIAL REGULATION OVERHAUL WILL BE COMPLETED BY APRIL 2

[11:44] {Threei}  pace is much better now on BAC

[11:44] {Threei}  pullback into .65 would be nice

[11:44] {Threei}  but may not do even that

[11:45] {magoo} out RIMM .09 easy $$

[11:45] {Threei}  wtg

[11:45] {magoo} anyone??

[11:45] {Threei}  5 in cards for BAC I believe

[11:45] {magoo} vad, anyeway ti get the time on left of this sight?

[11:46] {Threei}  sure

[11:46] {magoo} as in the time i just wrote this

[11:46] {Threei}  right click on button saying #discussions

[11:46] {Threei}  Timestamp

[11:46] {Threei}  see this pace pickup?

[11:46] {Threei}  and confident pressure

[11:47] {magoo} .

[11:47] {magoo} ah..ty..im iduiot

[11:47] {ese} to funnny mags.......that crossed the language barrier nicely

[11:48] {cujo} Dino, MCD +.23.  Thanks.

[11:48] {Threei}  good job guys

[11:48] {magoo} one thing dino knows is his fast food guys

[11:48] {Threei}  lol

[11:48] {cujo} :)  love those mcnuggets.

[11:49] {dino} lol, gj

[11:50] {ese} your trading room is up above a McDonalds restaurant isn't it mags???

[11:50] {Threei}  let's try pullback entry

[11:50] {nemo} in what specifically?

[11:50] {Threei}  BAC

[11:50] {nemo} .65?

[11:50] {Threei}  two support levels, .70 and .60

[11:51] {nemo} oops

[11:52] {magoo} i always go early..tell me your in vad bac

[11:52] {Threei}  CSCO

[11:52] {Threei}  CEO: SEES EXCELLENT GROWTH FOR INDUSTRY OVER NEXT 5-10 YEARS

[11:52] {dino} gild sm l .55

[11:52] {Threei}  in

[11:52] {magoo} see that rimm? thats why we scalp'umi

[11:53] {Threei}  two ways to play it

[11:53] {Threei}  one is to keep stop under .70

[11:53] {Threei}  and try to reneter if drops into .60

[11:53] {Threei}  another is to keep stop under .60

[11:53] {dino} my entries suck today, don't follow me

[11:54] {Threei}  ECB'S ORPHANIDES: CYPRUS BANKING 'IN GOOD SHAPE'

[11:54] {Threei}  thank goodness

[11:54] {dino} what the hell was that on gild

[11:55] {Threei}  no idea... no news

[12:05] {Threei}  mags

[12:05] {Threei}  next move, IMO:

[12:06] {Threei}  offer half between .85 and .90

[12:06] {Threei}  and trry for 5 and possibly above with the rest

[12:06] {dawg} k

[12:07] {nemo} dcc laserdave

[12:07] {magoo} ok

[12:08] {Threei}  someone said something somewhere again?

[12:12] {ese} bstop for SPWRB invalidated

[12:14] {dino} ok, so what do we have, like 3 or 4 positive days this month?

[12:15] {cujo} l bac .69

[12:15] {pita} good luck, happy hunting.....

[12:16] {Threei}  take care pita

[12:17] {nemo} Bathroom Magoo?

[12:17] {magoo} been a negative indicator last few days

[12:18] {nemo} So, we'll short while you go

[12:21] {dino} lol

[12:21] {magoo} big ben on cnbc

[12:22] {Threei}  ERNANKE; TALF FUNDS WILL BE ALLOWED TO BE USE FOR REFINANCE

[12:24] {dino} good i would thinkl

[12:25] {Threei}  market doesn't react at all

[12:25] {nemo} no...refinancing won't do squat

[12:25] {Threei}  - believes credit risks are quite low under the TALF

[12:25] {nemo} 60% of workouts are already back in foreclosure

[12:30] {Threei}  - discussing mark to market, says it it problematic but does not believe the system should be junked.

[12:30] {cujo} how does this guy say short selling is a product of greed? 

[12:30] {Threei}  Supports efforts of SEC and FASB to provide guidance on ho wto value assets in a thin market.

[12:30] {cujo} doesn't he know when we are going long we are just as greedy....

[12:31] {dino} thats code for m2m talk

[12:31] {Threei}  lol

[12:31] {nemo} who is saying this?

[12:31] {dino} thin markets=m2m mods.

[12:31] {cujo} the politician who was just talking to bernanke

[12:31] {cujo} guy with a flower on his lapel

[12:31] {nemo} I'm not watching so I have no idea

[12:32] {cujo} ahh, yeah.

[12:32] {cujo} on the bberg tv

[12:32] {cujo} prob cnn as well

[12:39] {dino} esi little spike

[12:40] {magoo} fslr bottomless

[12:40] {dino} 100 magnet

[12:43] {cujo} l rimm .43

[12:43] {Threei}  nothing interesting happens for an hour at least

[12:43] {larisa} my last day today, will see you end of march guys, vacation time :) When I come back i want to see market at 10,000!

[12:43] {cujo} stpd :(

[12:43] {Threei}  lucky gal

[12:44] {cujo} have a good one.  

[12:44] {Threei}  now tell me

[12:44] {Threei}  why would want to see market going to 10000 without you

[12:44] {Threei}  I'd think you want us to hold it here for you

[12:45] {Threei}  then let it go once you are back

[12:45] {larisa} right

[12:48] {Threei}  RIMM is probably ready for a bounce here'

[12:48] {Threei}  just a scalp

[12:49] {Threei}  keep stop under .15 and aim to exit above .30

[12:50] {Threei}  there you go

[12:51] {Threei}  anyone?

[12:51] {cujo} y

[12:51] {cujo} thanks

[12:51] {dino} have a great trip larisa

[12:51] {buyemsellem} bravo, thanks

[12:51] {magoo} me 

[12:51] {Threei}  :)

[12:51] {magoo} out .44 here

[12:51] {larisa} ty dino :)

[12:53] {magoo} have nice vaca larisa

[12:54] {cosmo} vaca?

[12:54] {larisa} lol

[12:54] {cosmo} zzzz

[12:55] {cosmo} ah....trip

[12:55] {cosmo} sheesh

[12:55] {magoo} what planet u on again?

[12:55] {cosmo} the trippie one

[12:57] {cosmo} trippy, that is

[12:58] {magoo} jesus..now what..u trippin?

[12:58] {cosmo} its always summer somewhere....that kinda thing

[13:01] {cujo} Vad, RIMM .60 break worth trying here?

[13:01] {Threei}  nah

[13:01] {Threei}  not really a breakout market

[13:02] {Threei}  nor time of the day

[13:02] {cujo} got ya.  leaving it be.

[13:02] {Threei}  pullback is another matter

[13:02] {cujo} yup

[13:03] {magoo} somethings going on hee

[13:03] {Threei}  something's happening

[13:04] {magoo} lol

[13:07] {Threei}  interesting

[13:07] {Threei}  RIMM won't pull back with market

[13:09] {dino} wynn sm l .30

[13:16] {magoo} this same retard been grilling big ben for half hour

[13:16] {magoo} he probably hasnt even filed his ax returns in years and employs illegal aliens

[13:16] {Threei}  lol

[13:19] {Threei}  time to make bets?

[13:19] {Threei}  moderate green close is mine

[13:19] {magoo} up

[13:19] {magoo} 87

[13:19] {buyemsellem}  hmm

[13:20] {buyemsellem} i'll be the bear

[13:20] {Threei}  larisa... last bet before vacation?

[13:20] {buyemsellem} -200

[13:20] {nemo} I won't be here

[13:20] {dino} feic

[13:20] {cujo} ok, how we gonna make money with this crystal ball?

[13:20] {magoo} where u goin

[13:20] {nemo} sell the ball

[13:20] {Threei}  lol

[13:20] {nemo} take nefew somewhere

[13:20] {vint} green

[13:21] {Threei}  +30 DJI

[13:21] {magoo} heres the thing

06[13:21] * Threei closes his eyes

[13:21] {magoo} if IF so,...GS will make back like 4 points

[13:22] {ese} see you tomorow

[13:22] {Threei}  take care ese

[13:22] {ese} see ya vad

[13:30] {larisa} I bet we close at -150.

[13:30] {Threei}  races are on

[13:30] {magoo} good possibilityof -230

[13:31] {nemo} thought she went on vacation?

[13:32] {larisa} +30 means we will have serious rally from here and i still think we should test 7000, felt this way even yesterday.

[13:32] {larisa} not yet nemo, almost :)

[13:34] {Threei}  serious rally? it's just 150 points :)

[13:34] {Threei}  in terms of late it's like 10 min of decent trading

[13:35] {larisa} I mean some continuation, 2 days in a row.. good sign.. 

[13:35] {Threei}  we just made 25

[13:36] {Threei}  I see what you mean

[13:36] {larisa} if we go positive and close -150, i still win :)

[13:36] {Threei}  okay

[13:36] {Threei}  I feel generous tioday

[13:37] {larisa} why ?

[13:37] {Threei}  no reason

[13:38] {Threei}  maybe I just liked ben's face expression yesterday

[13:39] {larisa} then : if we go positive and close +30, I still win ? { just checking}

[13:39] {magoo} STT good candidate if IF we go up

[13:39] {Threei}  well... generous and idiot are still different things

[13:39] {larisa} lol

[13:39] {magoo} im idiot

[13:39] {cujo} l gs .51

[13:39] {Threei}  be looked like

[13:39] {Threei}  ben

[13:39] {Threei}  ummm

[13:40] {Threei}  as if he just had tremendous bowel movement

[13:40] {magoo} i just took it cujo .51

[13:40] {Threei}  AAPL

[13:40] {Threei}  SHAREHOLDERS HAVE APPROVED BOARD OF DIRECTORS, INCLUDING STEVE JOBS

[13:40] {cujo} nice

[13:41] {cujo} played small lot so i'm out 1:1

[13:42] {dino} wynn stop to .80

[13:43] {cujo} nice trade dino

[13:43] {dino} ty

[13:43] {magoo} out .20

[13:43] {magoo} + somethin good

[13:44] {Threei}  wtg

[13:44] {dino} out wyn reverse slip .87, +.57

[13:44] {cujo} nice trade mags

[13:44] {magoo} u too dawg

[13:44] {magoo} oh..we have a dawg

[13:45] {magoo} u to cujo-mojo

[13:45] {dawg} missed that one magoo but nice play

[13:45] {magoo} cujo call

[13:45] {dawg} ).

[13:45] {cujo} ;)  

[13:47] {magoo} dam..knew it

[13:47] {magoo} GS going multi points

[13:47] {cujo} things got legs

[13:47] {Threei}  didn't I tell you?

[13:48] {magoo} need to grab pullbk amd ride it to 90

[13:48] {dino} giddy-up

[13:48] {Threei}  45 points

[13:48] {Threei}  105 left

[13:49] {Threei}  90 left

[13:49] {cujo} no pullback :(  just keeps looking at me laughing.

[13:49] {dino} gild stop to .95

[13:53] {cujo} back in on pullback to 90

[13:53] {cujo} out 1/2 .38

[13:53] {Threei}  60 left

[13:53] {magoo} just did yesterdaysplay...long .40 out .65

[13:54] {Threei}  and you asked how to monetize that crystal ball

[13:54] {dino} mcd stop to .55

[13:54] {Threei}  just get general direction

[13:54] {Threei}  things will go

[13:54] {cujo} out 2nd 1/2 .67

[13:55] {cujo} +.53

[13:55] {Threei}  in fact, I may stop calling particular stocks and lmit myself to Up and Down

[13:55] {Threei}  less work... {G}

[13:56] {Threei}  here comes 5 on BAC

[13:56] {cujo} bac

[13:56] {cujo} sry, wrong screen

[13:56] {dino} mcd to .65

[13:56] {Threei}  50 points left

[13:57] {Threei}  GS up 3 points out of magoo's 4

[13:58] {dino} gild to .00

[13:58] {dino} apol to .34

[13:59] {dino} out mcd .69. +.54

[13:59] {wulff} What's a good RIMM pullback number?

[14:00] {Threei}  around 41 if we are lucky

[14:00] {dino} out apol .37, +.62

[14:01] {dino} out gild .00, +.45

[14:02] {dino} got confusing there

[14:02] {Threei}  beautiful tradinjg dino

[14:02] {Threei}  RIMM bounced off 41.05

[14:02] {dino} ixys

[14:02] {fernp} very gj dino

[14:02] {dino} ty 3i, market helped

[14:03] {wulff} missed it

[14:03] {dino} thx fernp\

[14:03] {cujo} caught RIMM thanks Vad, Wulff.

[14:04] {cujo} dino, great trading man.

[14:04] {Threei}  sounds like book title

[14:04] {dino} ty

[14:05] {Threei}  Dino, The Great Trading Man

[14:05] {cujo} he he he

[14:05] {nemo} Give Dino a bone!

[14:05] {dino} more like the lucky one

[14:05] {Threei}  only for unenlightened dino :)

[14:05] {cujo} rabid dog doesn't share bones.

[14:05] {nemo} well, than you're lucky on a large percentage of your traes

[14:05] {nemo} trades

[14:05] {Threei}  rofl cujo

[14:05] {dino} news ixys?

[14:05] {nemo} shoot rabid dog

[14:06] {cujo} i try

[14:06] {Threei}  I don't see any dino

[14:06] {dino} waiting more in '09

[14:06] {magoo} i bet mohammed aly would be a great daytrader

[14:07] {Threei}  wow

[14:07] {Threei}  BAC big pullback

[14:07] {nemo} fas too

[14:07] {magoo} float around ..jab..jab..out

[14:07] {nemo} look at him now mags

[14:07] {dino} rope a dope

[14:07] {magoo} we all gonna be likethat vrom this occupation

[14:07] {nemo} now he's just dope

[14:08] {magoo} vad bac good entry here?

[14:08] {Threei}  bounce time

[14:08] {nemo} on what specifically

[14:08] {nemo} too late

[14:09] {magoo} somethings goingon again vad

[14:09] {magoo} neg

[14:09] {Threei}  lol... I just made money by mistake

[14:10] {nemo} fur crissakes

[14:10] {Threei}  bought BAC .66,

[14:10] {Threei}  put it for sale at .73,

[14:10] {nemo} by mistake....how?

[14:10] {Threei}  changed my mind and hit .71,

[14:10] {Threei}  and didn't notice that .73 got hit too

[14:10] {Threei}  so found myself short

[14:10] {nemo} sold short huh?

[14:10] {Threei}  2K .71

[14:11] {Threei}  thing dropped to .68 and I happily covered

[14:11] {Threei}  not so much for profit as to get out

06[14:11] * magoo slaps Threei around a bit with a large trout

[14:11] {magoo} sigh

06[14:11] * Threei slaps Threei around a bit with a large roll of cash

[14:11] {magoo} wish i could be creative

06[14:11] * nemo wants Vad's fairy dust

[14:11] {Threei}  as KS for help tomorrow

[14:12] {Threei}  nemo had the same problem btw, mags

[14:12] {magoo} in a month or so i will

[14:12] {magoo} are we mostly there setup wise?

[14:12] {nemo} bummer gotta' go

[14:12] {Threei}  hmm?

[14:12] {Threei}  where there?

[14:13] {magoo} u helped me with all the settings

[14:13] {Threei}  oh

[14:13] {Threei}  one thing I thought of,

[14:14] {Threei}  you may want to try to copy that popups.ini file and paste it in MIRC folder

[14:14] {magoo} brutal pullback

[14:14] {Threei}  so you have it in two spots

[14:14] {Threei}  if that doesn't work, you are better off with KS :)

[14:14] {Threei}  BAC

[14:14] {Threei}  CEO LEWIS: MERRILL LYNCH AND COUNTRYWIDE ARE "STARS" - TV INTERVIEW

[14:15] {Threei}  lol

[14:15] {Threei}  stars or black holes?

[14:15] {dino} fallen stars perhaps

[14:15] {Threei}  dying red dwarfs

[14:16] {dino} one of those guys that pisses on your back and tells you its raining

[14:22] {Threei}  - says so far this year Merrill Lynch and Countrywide are the "star" performers at BoA.

[14:22] {Threei}  - Cannot predict what the full quarter results will look like, only discuss results so far.

[14:22] {Threei}  - Remarks that could sell certain non core assets to raise capital if necessary, could over time sell more of CCB.

[14:22] {Threei}  - Note: CEO Lewis in a memo to employees earlier this week noted that revenue would be above $100B in 2009.

[14:25] {Threei}  end of day will be interesting

[14:27] {Threei}  AFL

[14:27] {Threei}  EXEC: COMPANY HAS NO INTENTION TO ADJUST DIVIDEND THIS YEAR

[14:27] {Threei}  - Current dividend yield at approx 7%

[14:28] {Threei}  AFL is trying

[14:28] {dino} doug kass real$, 02/23., rumors merrill capital earned several billion trading year to date

[14:31] {magoo} vad..get some pics lined up if we rock

[14:33] {magoo} STT could be good one

[14:33] {Threei}  hmmm

[14:33] {Threei}  STT will go if market will but it's not the best of candidates

[14:34] {Threei}  it's at day's low while market is closer to high

[14:36] {Threei}  GS bounce candid hereate

[14:36] {Threei}  lol

[14:36] {Threei}  what's with typing

[14:37] {magoo} u need lessons

[14:37] {Threei}  badly

[14:37] {magoo} illtreasch ya

[14:37] {Threei}  watch this pullback

[14:39] {Threei}  was ideal entry near 80, too fast to type exct price

[14:39] {Threei}  anyone caught it?

[14:39] {magoo} missed that

[14:39] {magoo} thought  under

[14:39] {wulff} GS?

[14:39] {Threei}  ok, just a scalp, no chansing

[14:39] {cujo} caught it but small

[14:39] {cujo} +.13

[14:40] {magoo} CCCCUUUUUUUUUUJJJJJJJJJJOOOOOOOOOOOOo

[14:40] {magoo} h4es fast

[14:40] {cujo} got me hot keys

[14:40] {cujo} :)

[14:40] {magoo} must be a gray hound

[14:41] {Threei}  BAC over 5

[14:42] {magoo} l STT .2

[14:43] {Threei}  FDIC'S BAIR: DEPOSITORS SHOULD NOT BE CONCERNED ABOUT THE STOCK PRICE OF BANKS

[14:43] {dawg} ty magoo caught quick scalp STT

[14:44] {cujo} thanks mags

[14:44] {cujo} goo call

[14:44] {cujo} good

[14:44] {magoo} out .42 TY

[14:45] {magoo} cool beans

[14:45] {Threei}  BAC, this pace is exactly what I was refering to earlier

[14:45] {Threei}  when you see this, you have a runner

[14:46] {Threei}  watch T&S to get a feel

[14:46] {magoo} watch STT its a runner

[14:47] {magoo} problem is this mkts taking off without us

[14:48] {Threei}  I'll see you in a year

[14:48] {magoo} no..i mean now..not in BAC..GS...STT

[14:48] {Threei}  if today's calls is a problem, I want a break

[14:48] {Threei}  big one

[14:48] {magoo} u gettin to testy..lol...i meant we need a pullbk here

[14:49] {Threei}  bac buyable pullback

[14:49] {cujo} stop?

[14:49] {magoo} THATS WHAT IM SAYING HE HE

[14:49] {larisa} lets go on vacation with me vad, they will learn to appreciate you :)

[14:49] {Threei}  something like .15 entry would probably be ideal

[14:49] {Threei}  yes larisa

[14:49] {Threei}  thank you

[14:49] {larisa} yw

[14:49] {Threei}  firststrength from here

[14:50] {Threei}  .14 in

[14:50] {magoo} u guys are nuts...im just commenting on my calls and plays..scalpers regrett..for the here and now...need a pullbk

[14:50] {magoo} but then mjkts need to close green too

[14:50] {Threei}  half out .23

[14:50] {magoo} let me see..anything else lol

[14:51] {Threei}  offering balance .31

[14:52] {magoo} oferring .3099

[14:52] {Threei}  sigh

[14:52] {Threei}  out .29

[14:52] {Threei}  out of spite

[14:52] {larisa} lol

[14:52] {Threei}  lol

[14:52] {magoo} .2899

[14:52] {magoo} lol

06[14:52] * Threei slaps magoo around a bit with a large roll of cash

[14:53] {magoo} keep on slappin with that:)

[14:53] {buyemsellem} out. 29, great calls today vad

[14:53] {buyemsellem} .29

[14:53] {Threei}  ty buyem

[14:55] {Threei}  STT up a buck from bounce call

[14:55] {Threei}  GS 2 bucks

[14:55] {wulff} +.20 HIG

[14:55] {Threei}  ggh, even PIG, err, HIG works

[14:57] {magoo} 3:40 gonna be nuts..400 points up in 82 seconds

[14:58] {cujo} any plays in mind for 3:40?

[14:58] {Threei}  gosh... more than 40 minutes in advance? :)

[14:58] {Threei}  all usual suspects cujo

[14:58] {cujo} i'm demanding

[14:58] {buyemsellem} what is magical about 3:40?

[14:58] {Threei}  RIMM, STT, GS, BAC

[14:59] {Threei}  magoo has flow of energy at that time

[15:00] {Threei}  dino says "beer time" at 3:39...

[15:00] {Threei}  and ita magic time for magoo

[15:00] {dino}  funny, i was thinking of having a few tonight

[15:01] {Threei}  come on dino

[15:01] {dino} cvx sm l .25, lagging xom

[15:01] {Threei}  with today's trading you deserved single malt

[15:01] {Threei}  30 years

[15:01] {dino} ahhhh

[15:02] {Threei}  BAC want 5.50

[15:04] {wulff} took RIMM .25

[15:05] {Threei}  35 points left to my target

[15:05] {wulff} go rimm

[15:05] {Threei}  25

[15:06] {Threei}  larisa, you are breathing over there?

[15:06] {Threei}  DJI green

[15:06] {larisa} I always let you win

[15:06] {larisa} 1 hour to go

[15:06] {wulff} What's the bet?

[15:07] {Threei}  yep... as if I ask {G}

[15:07] {Threei}  oh yes... what's the bet??

[15:07] {Threei}  why do I make this mistake all the time

[15:08] {dino} out cvx .55, +.30

[15:09] {dino} emr sm l .40

[15:10] {Threei}  ACOR TICKS HIGHER AS ADDITIONAL TAKEOVER SPECULATION CIRCULATES

[15:10] {cosmo} qqqq needs 29

[15:11] {cosmo} today

[15:11] {cujo} qqqq

[15:11] {Threei}  US GOVERNMENT OFFICIAL: STRESS TEST RESULTS WILL NOT BE MADE PUBLIC

[15:12] {Threei}  shoot

[15:12] {cosmo} that bad?

[15:13] {Threei}  too stressful

[15:13] {cosmo} yeah... i dont want to know...

[15:14] {dino} green

[15:14] {cosmo} that was a long yellow

[15:16] {wulff} Its seems so foriegn to buy, set stop, wait, collect.

[15:16] {Threei}  10 points left

[15:16] {Threei}  8

[15:16] {Threei}  4

[15:16] {Threei}  3

[15:16] {magoo} awesome read vad...thats why i like to ask u for your mkt "feel" all the time

[15:16] {Threei}  1

[15:16] {Threei}  +3

[15:16] {cosmo} ... reminds me of 'Aliens'

[15:16] {Threei}  +10

[15:17] {Threei}  done counting

[15:17] {dino} market does not want to know the stress levels

[15:17] {magoo} magoo said + .87

[15:19] {magoo} out BAC .45 TY boss

[15:19] {Threei}  welcome sir

[15:19] {Threei}  oh, and

06[15:19] * Threei slaps magoo around a bit with a large roll of cash

[15:19] {magoo} u said .50 so i reloaded

[15:19] {magoo} last 2 days fun

[15:19] {Threei}  sigh

[15:19] {Threei}  larisa

[15:19] {Threei}  vacation

[15:20] {magoo} eliots spitzers jkisd on tv cmnbc

[15:20] {Threei}  can I amil myself to your destination?

[15:20] {dino} out emr .60, +.20

[15:20] {Threei}  mail

[15:20] {cosmo} you two be sure to take laptops

[15:20] {Threei}  yeah right

[15:20] {cosmo} :)

[15:21] {magoo} man..fasten seatbelts..put on trading helmets, adjust googles...3:40 nears

[15:21] {magoo} i so nervous

[15:21] {magoo} LOOK cnbc

[15:21] {magoo} his kjid

[15:21] {magoo} kid

06[15:21] * Threei passes a bottle of Valum to dino with request to feed it all to magoo

[15:22] {Threei}  wulff, you sold that RIMM?

[15:22] {magoo} i said"wow..bartroma doesnt look good" dino yells back"she hasnt looked good in years "lol

[15:23] {Threei}  lol

[15:23] {Threei}  and btw...

[15:23] {wulff} Some just now at .71

[15:23] {wulff} holding half

[15:24] {Threei}  cool

[15:24] {Threei}  [15:16] {wulff} Its seems so foriegn to buy, set stop, wait, collect.

[15:24] {Threei}  why?

[15:24] {wulff} still in HIG too

[15:24] {larisa} and I thought dino was a gentleman

[15:24] {wulff} Seems like the 90's

[15:24] {wulff} for a second

[15:24] {Threei}  come on... we did it all this time

[15:24] {Threei}  2001 - 2009

[15:24] {Threei}  non-stop

[15:25] {Threei}  where were you?? :)

[15:25] {wulff} loosing $

[15:26] {Threei}  sorry to hear...

[15:27] {Threei}  but we are at this same spot, for 9 and half years already...

[15:27] {magoo} wasnt cramer selling today??he he

[15:27] {wulff} seems to remember 03 was good

[15:27] {Threei}  2003 was bul market

[15:27] {dino} larisa, i am, magoo makes stuff up about me

[15:27] {_paliyad2009} took RIMM .25 what that mean

[15:28] {Threei}  bought RIMM at .25

[15:28] {wulff} TASR

[15:28] {cosmo} bul = short bull?

[15:28] {larisa} lol

[15:28] {cosmo} k

[15:28] {wulff} go rimm

[15:29] {_paliyad2009} at 40.25 or 41.25 like that

[15:29] {dino} vz tear down that .00 wall

[15:29] {Threei}  at the time it was 41.25

[15:29] {_paliyad2009} thanks

[15:29] {Threei}  handle is usually omitted to save time

[15:30] {Threei}  since p[osts are made real time, handle is obvious

[15:30] {dino} and paper

[15:30] {_paliyad2009} vad this is vinod

[15:30] {Threei}  oh hi

[15:30] {_paliyad2009} wants to learn here befor i join

[15:31] {dino} magoo still waiting on his rotary phone trying to sell out

[15:31] {Threei}  welcome... watch what we are doing

[15:31] {Threei}  lol dino

[15:32] {wulff} +.75 rimm

[15:32] {dino} don't have the heart to tell him no line in the wall where its' plugged in

[15:32] {dino} sweet

[15:32] {Threei}  wtg wulff

[15:32] {wulff} 100 left

[15:33] {wulff} in case

[15:33] {Threei}  well... asI told a while ago,

[15:33] {Threei}  bear market is profit,

[15:33] {Threei}  bull market is profit AND fun

[15:33] {cosmo} well .. its more polite

[15:34] {Threei}  today was the great illustration:

[15:34] {dino} -paliyad, welcome to the jungle

[15:34] {Threei}  we had very profitable morning during bearish move

[15:34] {Threei}  but no one was having fun as far as I could tell

[15:34] {Threei}  afternboon is just as profitable,

[15:34] {Threei}  but fun is being had too

[15:35] {Threei}  and of course magoo slams me in the morning, in the aftrenoon and thank goodness I don't hear from him in the evening {GGG}

[15:36] {Threei}  I hope you guys observed T&S on BAC when I asked you to pay attention

[15:36] {dino} i'm going to stop coming in until after lunch, that seems to be my time in '09

[15:36] {Threei}  this is something you need to memorize and recognize

[15:37] {Threei}  there will be much more of this when we turn the corner

[15:37] {Threei}  this even stream of high-paced prints

[15:38] {Threei}  5.50

[15:38] {Threei}  touchdown

[15:38] {Threei}  INTC

[15:38] {Threei}  CEO: TECH MARKET PURCHASING PATTERN HAS STARTED TO BECOME MORE PREDICTABLE

[15:38] {Threei}  he means predictably no one buys anything?

[15:39] {Threei}  volume on NASDAQ is even slightly higher today than yesterday's

[15:42] {dino} 3:40+, should push them up

[15:46] {Threei}  if you are up to one more scalp,

[15:46] {Threei}  watch STT pullback

[15:46] {Threei}  want brief dive under 26

[15:47] {cujo} watchin, gettin my trigger finger ready

[15:47] {Threei}  one eye on the market, another on STT

[15:48] {Threei}  what you want to see is both drop,

[15:48] {Threei}  pause,

[15:48] {Threei}  market spiking up,

[15:48] {Threei}  STT giving little pause for entry

[15:48] {Threei}  then following the market

[15:48] {Threei}  oh and keep it small

[15:48] {Threei}  STT is volatile

[15:49] {Threei}  no need to spoil the perfect day on last minutes

[15:49] {Threei}  under 26

[15:49] {Threei}  pause

[15:49] {dino} wow -80 oints from high

[15:52] {Threei}  still downticks market

[15:52] {Threei}  UPDATE: US HOUSE PASSES $410B SPENDING BILL TO KEEP GOVT RUNNING THROUGH END OF FISCAL YEAR

[15:53] {dino} like it would ever shut down

[15:53] {Threei}  lol

[15:54] {Threei}  huh?

[15:54] {Threei}  president addresses nation once again today?

[15:55] {Threei}  what the

[15:55] {dino} heck of a sell off

[15:55] {dino} guess they want govt to shut down for good

[15:55] {Threei}  lol

[15:56] {larisa} can I start count ? :)

[15:56] {Threei}  yes :)

[15:56] {dino} -130 dji from3:15ish highs

[15:56] {Threei}  you don't have enough time anyway

[15:56] {Threei}  I'll be saved by the bell

[15:56] {larisa} lol

[15:56] {dino} larisa, have fun and relax

[15:56] {Threei}  here he is

[15:57] {Threei}  ahhh

[15:57] {larisa} I will dino thanks :)

[15:57] {Threei}  that;'s why market sold off...

[15:57] {Threei}  talk on economy after meeting with Geithner

[15:57] {dino} why talk w/3 minutes to go? why? idiot

[15:58] {dino} this guy is clueless about basic market stuff

[15:58] {wulff} see you tomm. PM

[15:58] {Threei}  take care wulff

[15:59] {cujo} going to go put a dent in some of that vodka....  CAtch you all tomorrow. 

[15:59] {dino} cya wuff

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a great evening

[15:59] {Threei}  see you tomorrow

[15:59] {larisa} bye :)

[15:59] {Threei}  larisa, have fun and safe trip

[15:59] {larisa} ty, you be good

[15:59] {Threei}  lol

[15:59] {Threei}  yeah right

[16:00] {cosmo} greed is good

[16:00] {Threei}  watching speech

[16:00] {dino} indeed cosmo

[16:01] {Threei}  wow

[16:01] {Threei}  do you listen?

[16:02] {dino} no

[16:02] {dptl} have a good evening all

[16:02] {Threei}  dp :)

[16:03] {Threei}  done

[16:03] {cosmo} yea... now we know what those fema camps are for...

[16:04] {Threei}  left... see you tomorrow