Apr 15 2009

Boring day ended up pretty much flat - some qwinds and some stops balanced each other out. Didn't have a feel for the market rythm at all so missed this end of day rally. Oh well.

Session Time: Wed Apr 15 00:00:00 2009

[07:50] {Threei}  (US) WHITE HOUSE ECON ADVISER GOOLSBEE: "NOBODY KNOWS THE CURRENT STATE OF THE BANKS"

[07:50] {Threei}  that's very encouraging

[07:51] {nemo}  oops...he told the truth...end of his job

[07:53] {nemo} Hindsight and all...shoulda' just put a short on in DNDN @ 10:15 and come back in the afternoon to close it :)

[07:54] {Threei}  trading off tomorrow's WSJ is the best strategy

[07:54] {nemo} yeah...was a short lived tv show back a few years, where the guy got tomorrow's paper today...but he was noble an helped save lives...sap.

[08:30] {Threei}  APR EMPIRE MANUFACTURING: -14.65 V -35.00E

[08:30] {Threei}  MAR CONSUMER PRICE INDEX M/M: -0.1% V 0.1%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E;

[08:31] {Threei}  FIRST NEGATIVE US CPI YOY SINCE 1955 - TRADERS

[08:42] {pita} gm everyone

[08:46] {Threei}  pita :)

[08:52] {fernp} Hello everybody

[08:52] {Threei}  fern :)

[08:55] {dino} gm all

[08:55] {Threei}  dino :)

[08:55] {Threei}  magoo is slacking again?

[08:56] {dino} not expecting him until tomorrow

[09:09] {ese} am I in?

[09:09] {ese} guess so

[09:09] {nemo} yeah

[09:09] {Threei}  ese :)

[09:09] {ese} one more day of repreive until my new visa gets here.....

[09:11] {Threei}  DRYS is slightly green

[09:12] {ese} yup ....only thing on my screen that is

[09:13] {ese} other than QID

[09:13] {Threei}  and FAZ :)

[09:14] {nemo} gold and metals green

[09:14] {dino} bkc

[09:14] {nemo} GE slightly green too

[09:15] {Threei}  *MARCH INDUSTRIAL PRODUCTION: -1.5% V -0.9%E; CAPACITY UTILIZATION: 69.3% V 69.9%E

[09:15] {dptl} good morning

[09:16] {Threei}  dp :)

[09:17] {ese} dp

[09:17] {dptl} :)

[09:17] {ese} it's looking sunny in your next of the woods dp

[09:17] {ese} looks beautiful across the straight

[09:17] {ese} from my window at least

[09:18] {Threei}  dp closes curtains in a hurry

[09:18] {dptl} lol....yep looks good here

[09:19] {ese} can you see mount baker from where you are dp?

[09:20] {Threei}  GE reports on Fri

[09:21] {Threei}  C too but C is tainted story

[09:21] {dptl} well..... have to go out side and drive for few min to the spot where i can see it , Ese

[09:21] {ese} ahhhhhhhhh

[09:21] {Threei}  we will wait for you dp

[09:21] {dptl} roflol

[09:22] {Threei}  :)

[09:22] {ese} yup .....go take a look.....looks fab this morning from my vantage point

[09:24] {dino} "fab", oh boy

[09:25] {ese} daily charts on indexes are looking down........can now practise shorting maybe with small lots

[09:25] {Threei}  I don't have clear strategy yet aside of trying to spot unusually strong ones

[09:25] {Threei}  candidates so far are GE, DRYS

[09:25] {magoo} morning

[09:25] {Threei}  magoo :)

[09:25] {Threei}  slacker

[09:25] {magoo} :)

[09:25] {ese} lack of vocabulary dino

[09:26] {dino} :)

[09:27] {_jfjf64} mornin

[09:27] {Threei}  jf :)

[09:27] {ese} jf

[09:28] {magoo} u do well yesterday vad?

[09:28] {Threei}  let's skip first minutes

[09:28] {Threei}  I have no clean setups for opening trades

[09:29] {Threei}  nice thing to see would be GE forming a range between .40 and .55, then breaking it to the upside

[09:29] {dino} 10.59 area big gap ge

[09:29] {Threei}  just want it to happen over 5-15 minutes, not right away

[09:31] {dino} gaps 1300, 825

[09:32] {Threei}  ummmmmmmmmm

[09:32] {Threei}  Prez is to speak later today on a matter of taaxes, with main theme being:

[09:33] {Threei}  restoring the fairness in taxes to end "favoring the wealthy"

[09:36] {dino} not good maket news 

[09:36] {dino} raising cap. gains

[09:40] {Threei} Long Setup:  DRYS  .35 if holding above .20

[09:40] {Threei} Long Setup:  GE  .30 if holding above .20

[09:42] {magoo} in ge

[09:42] {magoo} agress

[09:43] {nemo} in ge

[09:43] {dptl} in ge

[09:43] {Threei}  let's modify DRYS

[09:43] {Threei}  .30 break long

[09:44] {Threei}  want to have tighter stop

[09:44] {dptl} in drys.30

[09:44] {nemo} blew by that

[09:44] {Threei}  1:1 for you dp

[09:44] {magoo} shreesh

[09:45] {dptl} all out drys ty

[09:45] {magoo} out .46 drys

[09:45] {magoo} AWESOME fill

[09:45] {magoo} in .28

06[09:45] * Threei slaps magoo around a bit with a large roll of cash

[09:46] {magoo} unreal fill

[09:46] {Threei}  FEED

[09:46] {ese} nice mags

[09:46] {magoo} fill=feed??

[09:46] {Threei}  continuation from yesterday

[09:46] {Threei}  if you went for that overnight hold, it's coming to 1:1

[09:48] {Threei}  FEED, if you have any,

[09:48] {ese} wanted SCHW......but no place to get in ...no place

[09:48] {Threei}  with any market help looks capable of 4

[09:48] {Threei}  possibly more

[09:49] {dptl} come on ge

[09:49] {pita} too late to enter?

[09:49] {Threei}  not here pita...

[09:49] {Threei}  sharp spike

[09:49] {Threei}  see if we get a pullback

[09:50] {Threei}  you remember yesterday's idea on FEED,

[09:50] {Threei}  that was either scalp for about 15 cents or overnight hold with stop about 30

[09:50] {pita} ok

[09:50] {Threei}  so my comments are for play continuation

[09:50] {Threei}  as a new entry, well... pullback into .50-.60 zone...

[09:51] {Threei}  GE 1:1

[09:51] {dptl} out ge ty

[09:51] {fernp} out GE ty

[09:51] {Threei}  welcome guys

[09:51] {magoo} out GE .43 TY

[09:51] {_jfjf64} ty

[09:51] {Threei}  FEED had news earlier, lewt me dig it out

[09:52] {Threei}  04/15/09 06:55am

[09:52] {Threei}  [FEED] Agfeed Industries Enters hog genetic program arrangement with Hypor (pig breeding division of Hendrix Genetics)

[09:52] {Threei}  - AgFeed's strategic plan calls for development of a platform for the production and sale of approximately 2,000,000 hogs into the Chinese market during 2010-2011.

[09:52] {Threei}  - The key element to this future growth is scientific breeding which is underscored by our arrangement with Hypor.

[09:52] {Threei}  GE 1:2

[09:53] {dino} be stop to .48 ty vad

[09:53] {Threei}  :)

[09:54] {nemo} GE followed FAS slightly

[09:54] {dino} to .58

[09:54] {Threei}  beautiful way to play it dino

[09:54] {ese} L hban .76

[09:54] {dino} out .59, +.29

[09:54] {Threei}  wtg

[09:54] {_jfjf64} nice nice

[09:54] {Threei}  wow ese

[09:55] {Threei}  that's a very risky point of entry

[09:55] {dino} well, risk is his business

[09:55] {Threei}  35 cents almost vertical run

[09:55] {Threei}  why not wait for pullback

[09:56] {Threei}  it's not like I am a stranger to risk as you can gather from my choice of profession...

[09:56] {Threei}  but I want it to be caluclated :)

[09:56] {nemo} what? marriage?

[09:58] {nemo} GE...lotta' resistance at .60 from yesterday

[09:58] {Threei}  jeez... I need to calibrate my scanner tighter, so it doesn't catch this kind of things but for oldtimers, what blast from tha past: DLIA

[09:59] {nemo} DRYS double bottom?

[09:59] {Threei}  that would be triple already

[10:00] {ese} on reflextion ...not the best entry for sure......

[10:00] {nemo} well, tht last one is a tad higher, but....

[10:00] {dptl} feed?

[10:00] {ese} L hban avg .73

[10:01] {Threei}  hard to tell dp, this is not really technically read stock

[10:01] {nemo} BAC Vad?

[10:01] {dptl} ok ty

[10:01] {ese} went after it because of the daily chart......long bottoming tail

[10:01] {Threei}  I am not delighted by BAC

[10:02] {Threei}  HBAN ese?

[10:02] {Threei}  I see whast you mean but why not fine-tune entry by interadayu chart

[10:02] {ese} yes

[10:03] {Threei}  sheesh my typing

[10:03] {Threei}  how do I manage to hit twice as many keys as needed

[10:03] {Threei}  interadayu?

[10:03] {ese} yes i should have wited for this litle pullback

[10:05] {ese} i waited for the qqqq's to show up then went after it....if q's pullback hard i'm in trouble

[10:10] {Threei}  wow

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

[10:10] {Threei}  what the deuce

[10:10] {fernp} WFC breakot Vad?

[10:11] {nemo} What VAD?

[10:11] {Threei}  let's let the break go, wait for pullback and enter if market continues

[10:11] {Threei}  what what?

[10:12] {_jfjf64} you the boss

[10:12] {nemo} "What the deuce"

[10:12] {Threei}  you don't swee what happened 30 seconds before I said that? :)

[10:12] {Threei}  fern, sharp drop under .40

[10:12] {dino} aipc sm l.20

[10:13] {Threei}  this is what I want to see to enter WFC on strength resupmtion

[10:13] {Threei}  recross of .40

[10:13] {Threei}  with stop under the low of this pullback

[10:13] {nemo} you mean mags comment?

[10:13] {dptl} in wfc .41

[10:14] {dptl} stop .34?

[10:14] {Threei}  yes

[10:14] {Threei}  I mean market spike and FAZ drop

[10:14] {Threei}  no worky

[10:15] {dptl} stopped

[10:15] {ese} out HBAN .82 +.09 on 100000 of the little blighters

[10:15] {larisa} zeros are growing :)

[10:15] {Threei}  one zero too may ese?? :)

[10:16] {nemo} One hundred thousand shares ese?

[10:16] {ese} yes 10000

[10:16] {dino} axys l .25 sm

[10:16] {ese} tks nemo......other risk way out of my line

[10:17] {nemo} I was going to be really impressed

[10:17] {nemo} GE holding up pretty well

[10:19] {Threei}  no continuation to the spike

[10:20] {ese} FITB has the same lookin chart

[10:20] {fernp} lost my internet connection

[10:20] {fernp} any play with GE?

[10:20] {Threei}  if it saved you from WFC, good thing

[10:21] {Threei}  GE forms .60 - .70

[10:21] {fernp} lol

[10:21] {dptl} so long .70 ge?

[10:21] {_jfjf64} ge

[10:21] {Threei}  .71 official trigger

[10:21] {ese} missed it fitb

[10:21] {dptl} in

[10:22] {fernp} in

[10:23] {magoo} in

[10:23] {Threei}  gosh... don't pile up all at once...

[10:24] {nemo} in

[10:25] {dptl} phm?

[10:26] {Threei}  nah

[10:26] {ese} L Drys .30'

[10:26] {nemo} stop on GE vad?

[10:26] {Threei}  [10:21] {Threei} GE forms .60 - .70

[10:27] {nemo} .60 for day trade 65 for scalp?

[10:27] {Threei}  I don't see any significance to .65 as support

[10:27] {Threei}  that would be just an arbitrary stop not based on the chart

[10:28] {dino}  ncty, lufk

[10:28] {magoo} l aapl .55

[10:30] {ese} full lot mags

[10:30] {magoo} 350 sh

[10:31] {ese} am following aapl alot trying to learn how to trade it.......keep getting burnt there....for real and papper trades

[10:31] {magoo} no go

[10:32] {ese} drys ain't lookin too good either

[10:32] {magoo} it follows q ..mkt for most part

[10:32] {magoo} duped me tghere

[10:35] {dino} i hate trading appl

[10:37] {ese} drys stopped....^%$&#^   .19 -.11

[10:38] {ese} i may get to that with that stock dino

[10:40] {nemo} could you kick the market Vad?

[10:41] {pita} still in GE with stop @ .60?

[10:41] {dino} gj pita

[10:41] {ese} drys has a good lookin daily chart........cup and handle lookin thing

[10:41] {Threei}  I would say just under .60, pita

[10:41] {pita} k

[10:42] {dino} ncty sm l .82

[10:52] {magoo} ge no work

[10:53] {dptl} ksu?

[10:54] {nemo} god bless you

[10:54] {Threei}  chart is right dp, I just don't see this market as breakout-favorable

[10:55] {nemo} stopped

[10:55] {dptl} stopped ge

[10:55] {fernp} stopped GE

[10:55] {nemo} stopped

[10:55] {_jfjf64} ditto

[10:56] {dino} esrx risky, sm s .31

[10:57] {dino} bstop is .63

[10:58] {dino} deck

[11:00] {Threei} Short Setup: DNDN  .85 if stays below 17

[11:00] {Threei}  unavailable

[11:00] {Threei}  oh well

[11:01] {dptl} ip interesting

[11:02] {dino} ncty stop tightern to .58 not working

[11:02] {fernp} DRYS breakdown?

[11:03] {Threei}  hmmm

[11:03] {Threei}  not really delighted

[11:03] {Threei}  DNDN 1:1

[11:04] {Threei}  anyone got it with other brokerage?

[11:04] {dino} ncty stopped -.27 slippage

[11:04] {fernp} DNDN unavailable here

[11:05] {Threei}  too bad

[11:05] {nemo} ge short .54?

[11:06] {Threei}  not sure

[11:07] {dino} esrx to b/e

[11:07] {Threei}  DNDN over 1:2

[11:07] {Threei}  painful, isn't it

[11:08] {_jfjf64} y

[11:09] {Threei}  1:3

[11:09] {nemo} not funy

[11:09] {Threei}  is 1:4 funny?

[11:09] {_jfjf64} oh boy

[11:10] {dptl} yeah and no Dave to slap :)

[11:10] {dino} esrx stopped +.07

06[11:10] * nemo slaps Threei around a bit with a large large list of unavailable stocks to short

06[11:10] * Threei slaps MIA lasredave around with big alarm clock

[11:10] {dptl} lol

[11:10] {nemo} GE break of .60?

[11:10] {ese} drys filled yesterdays gap......

[11:11] {Threei}  nah

[11:11] {dino} lufk sm l .80

[11:13] {Threei}  ok, whatever you do - do not, I repeat, do not look at DNDN

[11:13] {nemo} nice

[11:15] {vinod} good morning

[11:16] {dino} darn esrx stop too tight

[11:18] {Threei}  vinod :)

[11:19] {Threei}  full dollar DNDN

[11:19] {Threei}  but we agreed not to look

[11:20] {dino} aipc stopped major slip -.38]

[11:20] {magoo} dammit...i held out till now...now just looked:)

[11:20] {Threei}  lol

[11:20] {Threei}  seems bottomed

[11:21] {larisa} whats with UAUA ?

[11:21] {dptl} ye all airlines heppy for some reason

[11:21] {Threei}  11:02am [AMR] Reports Q1 -$1.35(incl $0.05 charge) v -$1.68e, R$4.84B v $4.73Be

[11:22] {dptl} oh that

[11:22] {magoo} i hit DNDN long on your mention .09

[11:24] {larisa} I think LLTC reports in 10 minutes or so

[11:24] {dptl} .20 long dndn if stays above .10?

[11:26] {Threei}  yes

[11:26] {Threei}  lol

[11:26] {magoo} im out .38 here TY boss

[11:26] {dptl} lol

[11:26] {Threei}  welcome mags

[11:26] {cosmo} SOLR patiently waiting for market to bottom

[11:27] {cosmo} 7.23 hod

[11:27] {cosmo} oops

[11:28] {Threei}  nice salmonish action

[11:28] {cosmo} got impatient tho

[11:30] {ese} L drys .22 

[11:30] {ese} same couple of lots

[11:31] {_jfjf64} GE?

[11:32] {Threei}  don't know

[11:32] {Threei}  looks riight, but whipsaws everywhere

[11:33] {_jfjf64} Y

[11:34] {ese} i've got alot of solar stocks that i've been monitoring cos.....thats just a matter of time....I do have 3000shs of eslr for a long term hold....my 3 to 4year target is $35 to 45 

[11:35] {Threei}  that far exceeds my math abilities

[11:35] {cosmo} lets hope...

[11:35] {dino}  gl

[11:35] {ese} it me a while to do it on eslr for sure

[11:35] {dino} bkc l .40

[11:37] {ese} "it took"    how about typing what your thinking ese....man

[11:38] {dino} funny thing, i understood

[11:38] {Threei}  scary too

[11:38] {ese} ohhhhhh oh!!!!

[11:39] {Threei} Long Setup:  RIMM  .30 if stays above .15

[11:39] {nemo} too fast

[11:40] {dptl} in.31

[11:40] {Threei}  second chance

[11:40] {nemo} in

[11:42] {magoo} in

[11:43] {dino} pcln wants 85 area strike

[11:45] {Threei}  sh*t

[11:45] {Threei}  Prez on TV in 10 min

[11:45] {dino} out bkc .53, +.13

[11:46] {Threei}  you better work fast RIMM

[11:46] {Threei}  stop to under .20

[11:46] {nemo} You need to put stickys on your monitors

[11:47] {Threei}  with this frequency of appearances I won't see the monitor

[11:47] {pita} he does like the cameras

[11:47] {nemo} I'm going for the vodka

[11:47] {dino} (yo)bama

[11:49] {nemo} obamanibal

[11:49] {dino} yesterday he talked and we lost 70 dji points, any bets today

[11:50] {vinod} Prez on TV and market goes down?

[11:50] {dino} yes

[11:50] {Threei}  that's the pattern so far vinod

[11:50] {Threei}  like clockwork

[11:50] {Threei}  didn't work maybe once or twice

[11:50] {dino} he'll be bashing the speculators and wealthy today. forgets capitalism is all basec on speculation

[11:51] {dino} based

06[11:51] * Threei kicks RIMM in the rear with steel-toe heavy duty army boots

[11:52] {nemo} Been a while since you and those out

[11:52] {nemo} you had those out

[11:52] {dino} your nose out

[11:52] {Threei}  they already showed podium on TV

[11:53] {magoo} im out

[11:53] {dino} ndx btw filled 4/8 gap

[11:53] {magoo} not risking it

[11:53] {magoo} + .01

[11:53] {Threei}  don't spend it all at once mags

[11:53] {vinod} Prez going to join Tea party?

[11:53] {Threei}  lol

[11:53] {dino} thinking, attacking the rich, will insurers benefit

[11:54] {magoo} lunch $$

[11:54] {Threei}  what's the logic behind it dino?

[11:54] {nemo} should we put the stop under .25 with the pres coming

[11:54] {dino} life insurance is not taxable to the estate if estate is not the beneficiary

[11:55] {Threei}  I think it's reasonable nemo

[11:55] {dptl} .25?

[11:56] {Threei}  yeah

[11:56] {dino} med cos. geeting hit again

[11:56] {dptl} ok dok

[11:56] {Threei}  last pullback bottomed out at .27

[11:56] {Threei}  so let's be anal-retentive

[11:57] {magoo} anal - resentment}??

[11:57] {dino} lufk stopped -.31

[11:58] {ese} drys stop to break even .22

[11:58] {dino} damn rinse again

06[11:58] * Threei pokes RIMM with electrocharged sharp stick

[11:59] {ese} that should work

[11:59] {Threei}  unless it sends it into shock

[11:59] {nemo} I got out @ .35, don't trust Obama

[11:59] {Threei}  you don't???

[11:59] {Threei}  I am shocked

[11:59] {nemo} call me paranoid

[11:59] {Threei}  stunned I am telling you

[12:00] {nemo} Wanna' be stunned...should see me in a speedo...NOT!

[12:00] {Threei}  that would leave me blind

[12:00] {Threei}  burned retina

[12:00] {nemo} I tend to have a Medusal effect

[12:01] {dino} he'll be his usual 20 min. late

[12:02] {vinod} out rimm 0.35

[12:02] {Threei}  here he is

[12:02] {Threei}  PRESIDENT OBAMA: US SHOULD CUT TAX BURDEN ON WORKING PEOPLE

[12:02] {dino} we were at +41 dji

[12:03] {Threei}  I suspect the trick is in definition "working"

[12:04] {Threei}  ADVISIOR VOLKER PLANS TO RELEASE REPORT ON TAX CODE LATER THIS YEAR

[12:04] {Threei}  - Vows to press ahead with simplifying tax code.

[12:04] {Threei}  - Reiterates his pledge to maintain fiscal discipline, cut $2T in spending within 10 years.

[12:05] {Threei}  we are holding so far

[12:09] {Threei}  lol, DNDN made a dollar in another direction as well

[12:10] {Threei}  dam is broken

[12:10] {Threei}  out RIMM +.11

[12:11] {Threei}  prez is done

[12:12] {nemo} well that was relatively painless

[12:12] {nemo} ese, you play fitb this morning?

[12:12] {Threei}  no substance to the speech, so market didn't react

[12:12] {Threei}  just a political stunt

[12:12] {dptl} still half in rimm

[12:13] {nemo} look at GE

[12:13] {Threei}  I don't think you have that much patience dp, I think you simply fell asleep

[12:14] {dptl} lol

[12:14] {dino} sm l deck .50

[12:15] {dptl} ok out

[12:19] {Threei}  since the beginning of the current recession, the federal government has spent, lent or pledged $13 trillion on various economic recovery efforts.

[12:19] {Threei}  How big is that number?

[12:19] {Threei}  Well, if you were to spend a dollar every second, it would take 412,000 years to blow through $13 trillion.

[12:24] {dino} see, thats a problem, my calculators only go to 10 million

[12:24] {Threei}  mine too, but even that is too much - my natural limitations keep me at 100,000...

[12:28] {pita} RIMM double bottom?

[12:29] {Threei}  no pattern really

[12:29] {Threei}  just meaningless noize

[12:29] {dino} algt

[12:30] {Threei} Long Setup:  FAZ  .07 if stays above 11

[12:31] {Threei}  for a day trade - if syas above .90

[12:33] {Threei}  so far, narrow, boring and empty day

[12:33] {Threei}  15 points NQ range

[12:34] {_jfjf64} FAZ INVALIDATED???

[12:34] {Threei}  ouch

[12:34] {Threei}  don't scream at me please... I am easily scared

[12:34] {_jfjf64} LOL

[12:34] {Threei}  yes, unless goes through new consolidation

[12:35] {nemo} Great...had lunch and din't miss anything

[12:35] {Threei}  lol

[12:35] {nemo} GE vad?

[12:35] {Threei}  don't know

[12:35] {Threei}  want a strange play?

[12:36] {nemo} yeah, me neither, that's why I asked you

[12:36] {Threei} Long Setup:  UBS  11 break

[12:37] {magoo} in

[12:40] {nemo} what's the stop on UBS, Dude?

[12:40] {nemo} a breakout at lunch?  mmmmmhhhh

[12:41] {Threei}  for hardcore scalpers closest support, .95... but those already had their 1:1

[12:41] {Threei}  otherwise under .90

[12:42] {dptl} oh just stepped away for sec and missed that one

[12:44] {dptl} may be now?

[12:44] {Threei}  with strength resumption

[12:44] {dptl} ok

[12:44] {Threei}  watch FAS for help

[12:45] {Threei}  there you go

[12:45] {dptl} ok in .01

[12:45] {larisa} I am starting new business : diapers for daytraders, that will have quotes, scans and let you stare at your monitor without interraptions 24/7 :) 

[12:45] {Threei}  sounds like a winner

[12:46] {ese} HEY!!!!!!! GUESS WHAT???? I'M LONG FITB .754!!!  GONNA SCALE BY WAY IN EHHHHHH!!!!!

[12:46] {nemo} I keep my treestand bottle next to my desk

[12:46] {nemo} ese...skip your medication this morning?

[12:46] {dptl} stop under .90 for me

[12:47] {ese} ahhhhhhhh.....i think i did.....yes.....i did

[12:47] {ese} let me take care of that right now.........

[12:47] {nemo} scaaaarrrrryyyyyy.....

[12:47] {dino}  ip, oc, pjc

[12:47] {ese} HOWS THAT!!!!!

[12:47] {Threei}  PREVIEW: APRIL NAHB HOUSING MARKET INDEX DUE OUT AT 1PMET

[12:47] {Threei}  **consensus expectation: 10e v 9 prior

[12:47] {Threei}  - estimates range from 8 to 12

[12:47] {Threei}  - the index hit a record low of 8 in Jan 2009.

[12:48] {ese} drys is ticking me off though.....

06[12:49] * nemo kicks drys with spiked steel toe army boots for ese

[12:50] {ese} tks

[12:50] {ese} could use all the help it can get

[12:50] {dptl} ge?

[12:50] {Threei}  don't know

[12:50] {nemo} I asked dp, got the same answer

[12:51] {dptl} :)

[12:52] {Threei}  what a yawner of a day

[12:53] {dptl} may be ubs don't know it has to look at fas?

[12:53] {ese} i'm likin the fitb is lookin."as he say sheepishly"...not wanting to up set the master

[12:54] {nemo} GE gettin' uppity

[12:54] {ese} way ftib is lookin

[12:54] {Threei}  I actually scalped it ese :)

[12:55] {ese} nice......may i ask how

[12:55] {nemo} RIMM break of .40?

[12:55] {Threei}  was a bit late... .78 - .85

[12:55] {ese} beauty ...how shs

[12:55] {Threei}  RIMM, I am not sure... I'd expect much wider action from this one

[12:56] {Threei}  way too narrow today

[12:56] {nemo} maybe calming down after that last couple of weeks

[12:56] {Threei}  we tightened stop on it to 5 cents (!) and didn't get stopped

[12:56] {Threei}  do you remember RIMM honoring such stops ever?

[12:57] {nemo} look @ the pretty C&H between 11:10 ad 11:30 on wfc

[12:57] {nemo} nice volume drop off on the handle

[13:00] {dptl} wow...

[13:00] {dptl} now what?

[13:00] {Threei}  APR NAHB HOUSING MARKET INDEX: 14 V 10E

[13:03] {ese} closed out fitb .83 +.08 and drys .09 +.07

[13:03] {dptl} Vad should i trail ubs stop to under .94 now?

[13:03] {Threei}  sure

[13:03] {dptl} ok ty

[13:04] {Threei}  doesn't behave afer that initial spike

[13:04] {Threei}  case of not only "the first break is the best break", but also "first break is the only break", lol

[13:05] {nemo} the first break was an inverted hammer...not good by Japanese standards

[13:05] {nemo} RIMM you SOB!

[13:07] {ese} am outta here for the day everyone....see you all tomorow....definately a blast hangin with you all

[13:08] {Threei}  take care ese, we like you too

[13:08] {ese} see ya vad

[13:08] {Threei}  group hug

[13:08] {nemo} oy

[13:08] {Threei}  flowers fall from the sky

[13:08] {nemo} manna from heaven

[13:08] {nemo} birds singing

[13:08] {nemo} lion and antelope nestle together on the plain

[13:08] {Threei}  Mozart in the background

[13:08] {nemo} democrats and republicans become drinking buddies

[13:09] {nemo} oh, shit, that's in Hell.

[13:09] {dptl} stopped ubs

[13:09] {Threei}  Arafat cries on the shoulder of Netanyahu

[13:09] {nemo} He's dead

[13:09] {nemo} RIMMM!!!!

[13:10] {dptl} -.09 ubs

[13:13] {dptl} see?

[13:13] {Threei}  see what?

[13:14] {magoo} here comes the lecture he he

[13:14] {dptl} lol.....30 with .20 stop?

[13:14] {Threei}  rofl, you mean stock SEE??

[13:15] {dptl} roflol yeah

[13:15] {magoo} oh..lol

[13:16] {Threei}  ok, that one goes down in the hall of fame

[13:16] {Threei}  and no, I don't like this break

[13:16] {vinod} vad -still holding Feed and F?

[13:16] {dptl} ok ty :)

[13:16] {Threei}  FEED no, sold on a spike over 1:1 earlier

[13:17] {Threei}  F, I haven't played it this week at all

[13:17] {vinod} thanks

[13:17] {dino} bkc l .05 

[13:20] {vinod} when I has no work at job market is boaring

[13:21] {vinod} and when there is lots of work market is exiting and i can't play

[13:21] {nemo} Murphy's corrollary

[13:22] {dptl} ok,going for a smoke

[13:22] {Threei}  WHITE HOUSE: STRESS TEST RESULTS TO BE RELEASED IN MAY IN A 'COORDINATED' METHOD

[13:22] {Threei}  what a bullcrap

[13:22] {nemo} taurine excrement

[13:23] {Threei}  I've never seen such open admission of manipulation of public perception

[13:23] {vinod} what happen to april?

[13:23] {nemo} I thought you lived in the Soviet Union?

[13:24] {Threei}  "we will show tyou the bits and pieces of carefully crafted information in order to create certain impression in you" - and it's being said openly

[13:24] {vinod} it is my dream to visit there

[13:24] {Threei}  I did... and no one ever said there "yes we manipulate your perception"

[13:24] {Threei}  visit what vinod? Soviet Union?

[13:24] {Threei}  I have bad news for you then

[13:25] {vinod} yes soviet union

[13:25] {Threei}  you are 20 years late

[13:26] {Threei}  Conquest Vacation is out of business today

[13:26] {Threei}  one of biggest travel agencies in Canada

[13:27] {Threei}  PREVIEW: PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET

[13:28] {Threei}  what is it you want to see there vinod?

[13:36] {magoo} we in anything boss?

[13:36] {Threei}  coma

[13:37] {magoo} u make good dough yesterday without magoo?

[13:37] {Threei}  much better than today

[13:37] {Threei}  so I'd think it's your fault

[13:38] {nemo} Principle:  Always blame the guy who isn't there so he can't defend himself

[13:39] {vinod} vad-Too many good stories was going on Indian TV about USSR when I was child

[13:39] {vinod} Lot to do with political relation

[13:39] {Threei}  well... I hate to rain on your parade but they were lies :)

[13:40] {nemo} BKC dino...

[13:40] {Threei}  if you go though, see St Petersburg first of all

[13:40] {dino}  in it a bit high

[13:41] {vinod} Now a day it is all about Israel. 80K visiting India/year

[13:42] {vinod} will see you tomorrow

[13:42] {Threei}  take care vinod

[13:44] {Threei}  GM

[13:44] {Threei}  CONFIRMS BLACK OAK PARTNERS IS AMONG A GROUP BIDDING FOR SATURN ASSETS; NOTES THERE ARE MULTIPLE BIDDERS FOR THE SATURN BRAND

[13:44] {Threei}  - GM plans to give an update to its dealers in the next two weeks

[13:45] {Threei}  I must be from another planet

[13:45] {Threei}  I can't understand who would want Saturn

[13:46] {Threei}  wow RIMM

[13:46] {Threei}  should be a bounce soon

[13:46] {dino} why would anyone want saturn, it's never made money

[13:46] {Threei}  and ugly

[13:46] {Threei}  and crappy car

[13:49] {Threei}  speaking of cars...

[13:49] {Threei}  fighting temptation to switch from my beloved Murano to Infiniti FX 35...

[13:50] {_jfjf64} Q45 BIG GUY

[13:51] {Threei}  nah, not my type

[13:51] {Threei}  FX on the other hand...

[13:51] {_jfjf64} WIFE DRIVES FX   LOVES IT

[13:52] {Threei}  could you turn caps down please? :)

[13:52] {Threei}  told you I am easily scared, lol

[13:52] {_jfjf64} lollol

[13:52] {Threei}  I love FX... amazingly personalized car, totally feels like there is just one copy built for you

[13:53] {Threei}  in absence of roads to utilize its power, find it hard to justify the additional expense and fuel-non-economy... :)

[13:54] {Threei}  so it's reason vs emotions

[13:54] {_jfjf64} low

[13:56] {magoo} beige bk in few?

[13:56] {Threei}  yes

[13:56] {Threei}  4 min

[13:56] {Threei}  aka lately as beige book with black pages

[13:58] {dino} lufk

[14:00] {Threei}  FED'S BEIGE BOOK: NATIONAL ECONOMY CONTRACTED SLOWER IN 5 OF 12; REMAINED WEAK 2PM

[14:01] {_jfjf64} axp on mission

[14:01] {Threei}  HOUSING MARKETS HAD SIGNS OF WEAK STABILIZATION

[14:01] {Threei}  - Credit remained tight across regions;

[14:01] {Threei}  what's with it?

[14:02] {Threei}  REPORTS MARCH MASTER TRUST; NET CHARGE OFFS 8.8% V 9.3% M/M, 8.3% IN JANUARY

[14:02] {Threei}  - Delinquencies:

[14:02] {Threei}  - Owned basis 30 days past due 5.1% of total loans v 5.3% m/m

[14:02] {Threei}  - Managed Basis 30 days past due 5.1% v 5.3% m/m

[14:03] {Threei}  V followed the suit

[14:07] {Threei}  19 break long

[14:07] {Threei}  if stays above .90

[14:07] {dptl} ?

[14:07] {Threei}  AXP

[14:07] {Threei}  sorry

[14:08] {nemo} oh well

[14:08] {nemo} I almost bought V

[14:10] {dino} out deck .90, +.40 all day

[14:10] {larisa} nice

[14:11] {dino} ty

[14:12] {dino} thing falls fast

[14:12] {Threei}  - A few regions saw indications that economic activity was stabilizing at a low level; manufacturing continued to decline in most districts; auto dealers continued to struggle in March.

[14:12] {Threei}  - non financial services continued contraction across districts; retail spending 'sluggish'; signs of slight imporvement in sales.

[14:12] {Threei}  - Pressures on prices were to downside.

[14:12] {Threei}  - Non residential real estate continued to deteriorate with demand falling for office, industrial, and retail space

[14:17] {dino} deck lods

[14:18] {dino} lufk too

[14:20] {Threei}  what a chaos

[14:20] {nemo} Mmmmmmhhhhh....Get Smart

[14:21] {dino} whacko markets today again

[14:21] {nemo} Bounce scalping in the 3-4 hour

[14:22] {dino} deck drops buck in 7 minurtes

[14:23] {dino} markets are just instant reactions to news anymore

[14:25] {nemo} LOD on RIMM .11

[14:27] {Threei}  DECK looks bouncy to you dino?

[14:30] {dino} was just thinking that

[14:31] {dino} lufk too

[14:33] {dino} sm l lufk .80

[14:33] {dino} my entries suck this week

[14:41] {dino} lufk stopped

[14:41] {dptl} ge short?

[14:41] {Threei}  don't know

[14:43] {Threei}  DECK not making new lows with NASDAQ anymore

[14:43] {Threei}  could be ready for bounce when NASDAQ reverses

[14:44] {dptl} spread

[14:45] {Threei}  US HOUSE PANEL TO REPORTEDLY HOLD A MEETING ON RESOLUTION AUTHORITY ON MAY 5, 6 FOR SYSTEMICALLY IMPORTANT COMPANIES - UNCONFIRMED REPORT

[14:57] {magoo} stalking anything boss?

[14:58] {Threei}  WFC

[14:58] {dino} intc

[14:58] {Threei}  DECK

[15:00] {magoo} ok

[15:02] {dino} you get deck vad

[15:02] {Threei}  yeah

[15:03] {dino} waited 58.70, no fill

[15:03] {Threei}  I took .82

[15:04] {_jfjf64} ??

[15:04] {Threei}  I have no idea how you define exits on these dino

[15:04] {Threei}  not my kind at all

[15:05] {dino} lufk 29s

[15:05] {dino} .50 hard to get thru imo, so under that

[15:06] {nemo} crissakes RIMM

[15:06] {Threei}  whatever, I am out .34 and .32

[15:06] {dino} but usually .40 up, hard stop and let it trade

[15:06] {Threei}  I can't read these things :)

[15:06] {Threei}  that was trade in your name

[15:09] {dino} partial .70

[15:12] {dino} giddy-up

[15:12] {magoo} AXP high

[15:13] {magoo} wfc high

[15:13] {magoo} bac high

[15:15] {magoo} financials acting like good report coming in jpm

[15:17] {magoo} who is the one named magoo of which all of you ignore?

[15:18] {Threei}  that's a very complicated questiona

[15:19] {dino} some dork

[15:19] {Threei}  frkin WFC

[15:19] {magoo} all those stox ripped higher

[15:20] {dino} look at bkc rebound

[15:21] {dino} two days of rinse r oni for me

[15:21] {magoo} im up huge

[15:22] {Threei}  congratulations

[15:22] {magoo} nah

[15:22] {magoo} just in a zione'

[15:22] {magoo} zone

[15:22] {magoo} still cant type

[15:22] {Threei}  next time if you don't share your entries and come back bragging of your gains, I'll slap the living hell out of you

[15:23] {Threei}  on the day when I am cold as cucumber, no help whatsoever

[15:23] {Threei}  actually... why wait for the next time

06[15:23] * Threei slaps magoo around a bit with a large trout

[15:23] {magoo} [15:13] {magoo} AXP high

[15:23] {magoo} [15:14] {magoo} wfc high

[15:23] {magoo} [15:14] {magoo} bac high

[15:23] {magoo} [15:16] {magoo} financials acting like good report coming in jpm

[15:23] {magoo} [15:18] {magoo} who

06[15:23] * Threei slaps magoo around a bit with a large roll of cash

06[15:23] * Threei slaps magoo around a bit with a large chart of uptrending market

[15:24] {Threei}  ok, feeling better

[15:24] {magoo} glad to help

[15:27] {magoo} look long JPM next pullbk

[15:27] {magoo} close to 32

[15:27] {magoo} half lot..trisky

[15:29] {Threei}  today is a mess... I can't get a firm grip on the rythm

[15:30] {magoo} mkts are so whippy anymore

[15:30] {dino} same here

[15:30] {magoo} i took jpmn

[15:30] {magoo} jpm

[15:31] {magoo} in .25

[15:31] {magoo} stop .97

[15:31] {dino} careful

[15:31] {magoo} not liking it with futes falling

[15:35] {magoo} really need mkts to blast off here

[15:37] {Threei}  can't believe it... you know how I finish the day, money wise?

[15:37] {Threei}  up $4

[15:37] {Threei}  4.00

[15:37] {Threei}  rofl

[15:37] {magoo} 400 hundred

[15:38] {Threei}  why did I even wake up today?

[15:38] {dino} 46 here

[15:38] {magoo} to hang with magoo

[15:38] {Threei}  that must be it

[15:39] {Threei}  laserdave, you here?

[15:39] {laserdave} howdy

[15:39] {Threei}  please submit my today's profit to the fund of salvation of Amazon rainforest

[15:39] {Threei}  I want to make those $4.00 useful;

[15:40] {magoo} JPM

[15:40] {Threei}  good one mags

[15:40] {magoo} looking for .60 area

[15:41] {dino} deck to .19

[15:42] {dino} to .28

[15:42] {magoo} theres .30 cents regardless

[15:42] {dino} to .37

[15:42] {dino} to .40

[15:43] {Threei}  jeex AXP

[15:43] {dino} out +.67

[15:43] {Threei}  wtg dino, you did much better on it that I

[15:43] {dino} thats how 3i

[15:43] {dino} lock in .40, then trail tight

[15:43] {dino} well that added 300

[15:47] {dino} they need to stop publishing the efficient market theory books

[15:47] {Threei}  they can't... that would mean they need to write new ones

[15:50] {magoo} stop on jpm is now .25 flat'

[15:50] {magoo} want .60 area

[15:52] {magoo} .61 

[15:52] {magoo} .65

[15:52] {magoo} out .67

[15:52] {magoo} ty vad

[15:52] {Threei}  wtg

[15:53] {magoo} wtg= what the goo

[15:53] {magoo} goo=magoo

[15:56] {fernp} good evening. see you all tomorrow

[15:56] {magoo} cu fernp

[15:56] {Threei}  take care fern

[15:56] {Threei}  quite amazing rally at the eod

[15:56] {Threei}  for the world of me I didn't see it coming

[15:57] {dptl} have a good evening all

[15:57] {larisa} bye all :)

[15:57] {Threei}  take care larisa

[15:57] {magoo} bye u 2

[15:57] {dino} take care all

[15:57] {Threei}  thank you all

[15:58] {Threei}  have a good evening, see you tomorrow

[16:00] {Threei}  (US) TREASURY: WON'T CALL CHINA A CURRENCY MANIPULATOR

[16:00] {Threei}  {China} what a relief... we were so scared

Apr 14 2009

Very solid day with a lot a strong trades, scalps and very few stops. Heroes of the day were DNDN, ONNN, FEED, BAC, FAS, FAZ, CAT, LRCX etc, on both long and short sides. 

Session Time: Tue Apr 14 00:00:00 2009

[08:03] {cosmo} BAC comes back

06[08:19] * nemo pretends to be magoo and whacks laserave with a large trout

[08:26] {dino} gm all

[08:27] {Threei}  Good morning

[08:27] {dino} :)

[08:28] {Threei}  GS is underwhelming... what, C and BAC don't even care anymore?

[08:29] {dino} 8:30 dndn results

[08:30] {Threei}  MAR PRODUCER PRICE INDEX M/M: -1.2% V 0.0%E

[08:30] {Threei}  PPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E

[08:30] {Threei}  - PPI YoY: -3.5% v -2.2%e

[08:30] {Threei}  - PPI Ex Food & Energy YoY: 3.8% v 4.0%e

[08:31] {Threei}  *MAR ADVANCE RETAIL SALES: -1.1% V 0.3%E; LESS AUTOS: -0.9% V 0.0%E

[08:31] {Threei}  - Prior Advance Retail Sales revised from -0.1% to 0.3%

[08:31] {Threei}  - Prior Less Autos revised from 0.7% v 1.0%

[08:31] {Threei}  DRYS

[08:31] {Threei}  ANNOUNCES THE SIGNING OF THE PETROBRAS CONTRACT FOR THE LEIV EIRIKSSON

[08:31] {Threei}  DNDN

[08:31] {Threei}  PROVENGE SIGNIFICANTLY PROLONGS SURVIVAL IN MEN WITH ADVANCED PROSTATE CANCER IN PIVOTAL PHASE 3 IMPACT STUDY

[08:31] {Threei}  - DNDN announced today that the pivotal Phase 3 IMPACT study of PROVENGE(R) (sipuleucel-T) in men with advanced prostate cancer met its primary endpoint of improving overall survival compared to a placebo control. The magnitude of the survival difference observed in the intent to treat population resulted in the study successfully achieving the pre-specified level of statistical significance defined by the study''s design. The safety profile of PROVENGE appeared to be consistent with prior trials.

[08:32] {Threei}  halted

[08:32] {nemo} so who went long last night

[08:33] {dino} not me

[08:34] {nemo} you'd be retired

[08:39] {cosmo} There's no such thing, nemo

[08:40] {cosmo} its an illusion

[08:40] {nemo} Well, put it this way...you'd be able to do more of what you want to do, and less of what you have to do

[08:40] {Raven} a state of mind

[08:41] {cosmo} and often temporary

[08:42] {nemo} everything is temporary

[08:42] {Raven} fleeting

[08:42] {cosmo} a checkered retirement is probable

[08:42] {nemo} sands in the hourglass

[08:43] {Raven} sheesh

[08:43] {nemo} Vad must be grimacing

[08:43] {Threei}  for that I would have to know how to read

[08:44] {Threei}  buit all I am concrened about is masking tha fact that I don't, so I just nod along

[08:44] {nemo} Then how the hell do you know what you're typing?

[08:44] {Threei}  I don't

[08:44] {cosmo} he a channeler

[08:44] {Threei}  I use 1000 monkeys principle

[08:45] {cosmo} ah

[08:45] {cosmo} we're only into the 60's so far.... you know

[08:45] {cosmo} still not to 100

[08:46] {cosmo} thats an est.

[08:47] {pita} gm everyone

[08:47] {Threei}  pita :)

[08:48] {Threei}  CEGE, DNDN's sympathy

[08:48] {cosmo}  Goldman CFO says firm would like to pay back TARP capital

[08:48] {cosmo} 7:42 AM ET

[08:48] {cosmo} sigh

[08:49] {Threei}  we have major economic speech at 11:30 today

[08:50] {nemo} by whom?

[08:50] {Threei}  hmmm

[08:50] {Threei}  can't you guess?

[08:50] {nemo} oh...nevermind

[08:50] {cosmo} solomon?

[08:51] {nemo} cosmo goes from philosophy to history

[08:51] {cosmo} same thing

[08:51] {nemo} All is one

[08:51] {Threei}  yup... like ballbreaker and nutcracker

[08:51] {Raven} {}

[08:52] {Threei}  {--- hiding

[08:52] {nemo} must be a full moon

[08:52] {cosmo} checking

[08:52] {Raven} {----------- moons the room

[08:52] {Raven} oops

[08:53] {Threei}  lol

[08:53] {Threei}  DNDN shows 10 bid

[08:56] {Threei}  11.50... sheesh

[08:56] {Raven} 20 bid

[08:57] {Threei}  eeck

[08:57] {Threei}  3 min till opening

[08:57] {Threei}  going to be some fireworks

[08:57] {Raven} 15.06 bid

[08:58] {Raven} 28 bid

[08:58] {Raven} 35 bid

[08:58] {Raven} lol

[08:58] {cosmo} 43

[08:58] {Raven} 43 bid

[08:58] {Raven} 57

[08:58] {cosmo} sigh ... we coulda retired...

[08:59] {nemo} no such thing

[08:59] {Threei}  ENMD all over again

[08:59] {Raven} state of mind

[08:59] {cosmo} thanks... i needed that

[08:59] {dptl} good morning

[08:59] {Raven} lol

[08:59] {Threei}  dp :)

[08:59] {Threei}  who is bidding 57?

[08:59] {Raven} NSDQ ... now 25

[09:00] {Threei}  that's not real bid

[09:00] {dino} there goes 20

[09:00] {Raven} goofy

[09:00] {Threei}  open

[09:00] {cosmo} i wonder if cramer is buying

[09:00] {dino} guess my 8.40 bid not happening

[09:01] {Threei}  not today

[09:02] {nemo} not bad...bought it 3 weeks ago mae 10 times your money

[09:02] {nemo} I think Cramer's on vacation this week

[09:02] {Threei}  GS

[09:02] {Threei}  CNBCS FABER NOTES HIS SOURCES CONFIRMING SECONDARY OFFERING TO PRICE AT $123, BUT COULD CHANGE

[09:05] {fernp} Hello everybody

[09:05] {Threei}  fern :)

[09:06] {Threei}  so... there was something to that stubborn DNDN accumulation yesterday, lol

[09:07] {dino} nppxf

[09:07] {Threei}  bless you

[09:09] {dino} lol

[09:09] {dino} -27.40

[09:09] {vinod} good morning- hope to have a best day?

[09:10] {elepet} good morning

[09:11] {Threei}  vinod, elepet :)

[09:12] {Threei}  DNDN

[09:12] {Threei}  TO DISCLOSE FURTHER DATA ON PROVENGE IMPACT STUDY AT UPCOMING CONFERENCE ON APRIL 28; NO ADDITIONAL DATA FROM THE STUDY WILL BE ISSUED TODAY - CONF CALL

[09:12] {ese} morning everyone....will probably get cut off here sometime this morning......my new visa has not arrived yet so have not updated account to RT

[09:13] {Threei}  ese :)

[09:13] {dino} turnaround tuesday?

[09:14] {Threei}  quite possible

[09:14] {Threei}  FAZ bounced nicely

[09:14] {Threei}  C looks stronger than other finnies

[09:15] {cosmo} GERN

[09:15] {Threei}  GERN

[09:15] {Threei}  this looks like bio day

[09:15] {cosmo} :)

[09:15] {Threei}  I don't see any news on GERN

[09:20] {dino} me niether

[09:20] {vinod} ge movin up a lot

[09:21] {Threei}  GE reports on Fri?

[09:21] {dino} and c

[09:21] {Threei}  it pulled back considerably from morning high of 12.75

[09:21] {dino} isrg thurs., intl today

[09:22] {nemo} JPM Thurday also

[09:25] {ese} DNDN Provenge medication seen to significantly prolong survival for patients with prostate cancer in Phase 3 study

[09:25] {ese} volume alert on DNDN on my screens

[09:26] {Threei}  [08:31] {Threei} PROVENGE SIGNIFICANTLY PROLONGS SURVIVAL IN MEN WITH ADVANCED PROSTATE CANCER IN PIVOTAL PHASE 3 IMPACT STUDY

[09:26] {Threei}  [08:31] {Threei} - DNDN announced today that the pivotal Phase 3 IMPACT study of PROVENGE(R) (sipuleucel-T) in men with advanced prostate cancer met its primary endpoint of improving overall survival compared to a placebo control. The magnitude of the survival difference observed in the intent to treat population resulted in the study successfully achieving the pre-specified level of statistical significance defined by the study''s design. The safety profile of PROVENGE appeared to be consistent with prior trials.

[09:27] {ese} up 16.00 big ones

[09:28] {Threei}  C big pullback too

[09:28] {larisa} c

[09:28] {larisa} morning :)

[09:28] {Threei}  larisa :)

[09:31] {Threei}  [08:31] {Threei} DRYS

[09:31] {Threei}  [08:31] {Threei} ANNOUNCES THE SIGNING OF THE PETROBRAS CONTRACT FOR THE LEIV EIRIKSSON

[09:33] {dino} esi down about 25 in 7 days

[09:34] {Threei} Long Setup:  ONNN  .94

[09:34] {dino} wmt wants 50 strike

[09:34] {Threei}  if stays above .80

[09:35] {Threei}  C&H setup on daily with 5 break as a trigger for sizeable move

[09:37] {dptl} in

[09:37] {elepet} in

[09:37] {nemo} didn't get fill @ 95

[09:38] {vinod} in .97

[09:38] {dptl} .95

[09:38] {elepet} .94

[09:39] {dptl} half out ty

[09:39] {Threei}  1:1

[09:39] {Threei}  half out for me too

[09:39] {Threei}  feels capable of more

[09:40] {dptl} out more.15

[09:40] {elepet} still in

[09:40] {vinod} out .17

[09:41] {Threei}  those who partial, stop to .89 for the balance

[09:41] {ese} Still long DELL at .42 from yesterday

[09:43] {vint} good morning all

[09:44] {Threei}  vint :)

[09:47] {Threei}  FITB

[09:47] {Threei}  MOODY'S DOWNGRADES SENIOR RATINGS TWO NOTCHES, TO BAA1 FROM A2; OUTLOOK NEGATIVE

[09:47] {Threei}  - The downgrade incorporates Moody's view that Fifth Third, despite having taken very sizable loan loss provisions in 2008, faces continued elevated credit costs as real estate markets and the overall U.S. economy remain weak. The additional credit costs will come from a range of consumer and commercial asset classes, in Moody's view.

[09:48] {dino} maybe not today, but nearest gaps 7837,1300, 825

[09:50] {dptl} stop to under 5 onnn?

[09:50] {dino} mcd l .25

[09:50] {Threei}  if it goes above 5.10, yes

[09:50] {Threei}  for now, trail to it .94

[09:51] {ese} not lookin good for FITB......will wait that one out for a while

[09:51] {dptl} ok ty

[09:53] {ese} out Dell .68 

[09:53] {ese} +.26  5 lots

[09:53] {dino} mcd stopped -.16

[09:53] {Threei}  wtg ese

[09:53] {ese} tks turkey shoot these days

[09:55] {dino} gj es

[09:55] {ese} tks dino

[09:55] {Threei}  some of solars move today a bit

[09:55] {Threei}  CSIQ, JASO, SOLF

[09:56] {ese} crap.......had a limit order in for drys at .25.....didn't get fillet

[09:56] {ese} filled

[09:57] {Threei}  something's with FTBK

[09:58] {Threei}  traders found financial name that hasn't run yet?

[09:58] {dino} aipc

[09:59] {ese} it's running now vad

[09:59] {dino} powl hl l .94 thinny

[10:00] {dino} sm i mean

[10:00] {Threei}  FEB BUSINESS INVENTORIES: -1.3% V -1.2%E

[10:00] {Threei} Long Setup:  LLTC  .11 if stays above 23

[10:01] {Threei}  (US) TREASURY IS REPORTEDLY CONCEREND OVER GOLDMAN TARP REPAYMENT

[10:02] {Threei}  lol

[10:02] {Threei}  they really don't want banks to return TARP money

[10:02] {dino} they lose control

[10:02] {Threei}  yup\

[10:03] {Threei}  TARP REPAYMENT COULD NEGATIVELY IMPACT PERCEPTION OF OTHER BANKS

[10:03] {Threei}  - Treasury notes that it does indicate a sign of strength

[10:03] {Threei}  jeez

[10:03] {nemo} wass that invalimudated or was it a quick enough recovery?

[10:04] {Threei}  looks OK to me, although if it consolidates here for a while, I'd modify it to .06 trigger

[10:05] {Threei}  tighter stop

[10:05] {dptl} lltc?

[10:05] {Threei}  yes

[10:06] {Threei}  invalidated now

[10:09] {Threei} Long Setup:  LRCX  .80 break if holding above .65

[10:11] {Threei}  modification

[10:11] {Threei}  .60 break

[10:11] {Threei}  if holding above .50

[10:11] {ese} Ldrys .50 

[10:12] {Threei}  DNDN... this thing decided to go ahead and kill the shorts

[10:15] {ese} am gettin this ....i'm done for the morning feeling with drys

[10:18] {ese} great lookin daily chart though

[10:18] {Threei}  want little gambling?

[10:19] {Threei} Long Setup:  FTBK  1.80 when last shares scroll by

[10:19] {Threei}  see huge offer by EDGX?

[10:19] {Threei}  that's your indication

[10:20] {Threei}  OBAMA ADMINISTRATION TO ANNOUNCE EXCERPTS OF SPEECH ON ECONOMY AT 11:30AM, TO COVER INDICATIONS THAT GOVT ACTIONS ARE SHOWING PROGRESS

[10:21] {ese} drys avg .57 l a couple of more lots

[10:21] {dptl} stop under .70 ftbk?

[10:21] {Threei}  ese, you may want to keep an eye on EGLE

[10:21] {Threei}  seems to be leading DRYS today

[10:21] {dino} apsg l .55

[10:22] {Threei} Long Setup:  CSIQ  .36 break half lot

[10:22] {Threei}  stop under .20

[10:23] {ese} tks will do Vad 

[10:23] {dptl} ftbk stop .70?

[10:24] {Threei}  if breaks from here, could be even .74

[10:25] {dino} i guess go short at 11:30

[10:25] {dptl} i am in..it took.80 no?

[10:25] {Threei}  ??

[10:26] {nemo} ohoh

[10:26] {dptl} well it was gone on my screen

[10:26] {ese} out drys .57 +.10 on 4 lots

[10:26] {dino} on obama 

[10:26] {Threei}  EDGX offer never got taken

[10:27] {Threei}  eaten a little but still has a lot

[10:27] {ese} am done for the morning for a bit .....all see you in a couple of hours....have a class to teach.....

[10:27] {Threei}  take care ese

[10:27] {dino} cya es

[10:27] {ese} see ya vad

[10:28] {ese} later dino

[10:28] {dptl} oh man i had that thing hidden on my level 2 jeez

[10:29] {dptl} was lagging a wyle ago so i hide it and never unhide it

[10:30] {Threei}  OK LRCX

[10:30] {Threei}  26 must be it

[10:30] {Threei} Long Setup:  LRCX  .15

[10:31] {dino} mcd l .15

[10:31] {dptl} in

[10:31] {Threei}  half out

[10:31] {dptl} all out +.16 ty

[10:32] {Threei}  welcome

[10:32] {Threei}  stop to .13 for the balance who is holding

[10:32] {Threei}  offer second half above .40

06[10:36] * Threei reminds FTBK that while time maybe infinite our lifetime is not

[10:38] {nemo} what's the invalidation/stop on FTBK?

[10:39] {Threei}  [10:23] {dptl} ftbk stop .70?

[10:39] {Threei}  [10:24] {Threei} if breaks from here, could be even .74

[10:39] {dino} wynn

[10:40] {Threei}  ECB'S CONSTANCIO:EUROPEAN RECESSION APPEARS TO BE 'DEEPER' THAN THAT IN THE US; INTERNATIONAL RESPONSES TO ECONOMIC CRISIS IS 'INSUFFICIENT'

[10:40] {Threei}  - Monetary policy is less effective as tool to handle economic crisis if rates are below a specific level; has been adequate thus far in dealing with crisis

[10:40] {Threei}  DNDN

[10:40] {Threei}  HEARING BREAN MURRAY MAKING CAUTIOUS COMMENTS (TIMING UNCERTAIN)

[10:41] {Threei}  I don't see any reason for caution, really... so $6 stock trades at 20, so what

[10:42] {Threei} Long Setup:  LLTC  .86

[10:42] {Threei}  if stays above .80

[10:44] {dptl} in

[10:44] {nemo} in partial

[10:44] {_robert} in

[10:45] {nemo} in all

[10:45] {Threei}  FTBK, hear that chomp-chomp sound?

[10:47] {nemo} damn

[10:48] {nemo} who got ftbk?

[10:48] {dptl} me

[10:49] {nemo} geez your quick

[10:49] {Threei}  it wasn't that quick...

[10:49] {Threei}  .82 order got filled nicely at .80

[10:50] {dptl} ] {dptl} i am in..it took.80 no?

[10:50] {nemo} oh yeah, you got in a long time ago

[10:50] {elepet} i got it at.80

[10:50] {nemo} I tried .81 

[10:51] {Threei}  I suspect your connection is flaky nemo... you miss too many of them

[10:53] {Threei}  for hardcore scalpers FTBK over 1:1

[10:56] {dptl} half out ty

[10:56] {Threei}  things are so slow

[10:56] {Threei}  ahead of speech I'd guess

[10:57] {dino} mcd stopped -.22

[10:59] {dino} apsg stop to .68

[10:59] {dino} out .70, +.15

[11:06] {nemo} stopped

[11:06] {dptl} stopped lltc

[11:06] {Threei}  LLTC stopped

[11:08] {dptl} still have onnn Vad?

[11:09] {Threei}  yes... thanks for the reminder

[11:09] {Threei}  lol

[11:09] {dptl} lol

[11:09] {elepet} anyone still in ftbk?

[11:10] {Threei}  half elepet

[11:10] {dino} cbsh blood

[11:11] {dino} micc spikey

[11:12] {Threei}  OBAMA ADMINISTRATION TO ANNOUNCE EXCERPTS OF SPEECH ON ECONOMY AT 11:30AM, TO COVER INDICATIONS THAT GOVT ACTIONS ARE SHOWING PROGRESS

[11:12] {Threei}  - 2009 will continue to be difficult for US economy; foreclosures and job losses will rise

[11:14] {dino} lrcx drop

[11:17] {nemo} volume relatively strong so far

[11:20] {nemo} fas and faz still doing the DNA dance

[11:20] {fernp} .

[11:20] {dptl} out onnn

[11:21] {Threei}  market starts descent in advance of sp3ech

[11:22] {pita} falling asleep.... off to day job where I can get some excitement - cu later

[11:23] {Threei}  lol

[11:23] {Threei}  take care pita

[11:28] {larisa} got .50 cents on LRCX, thank for alert dino

[11:28] {dino} gj

[11:32] {Threei}  US REP FRANK: GOLDMAN'S AIMS TO REPAY TARP MONEY IS A 'GOOD SIGN'; GOVT PROGRAMS ARE WORKING

[11:34] {dino} idcc l .70 stop lod

[11:35] {Threei}  watching FITB for pullback and forming double bottom

[11:40] {dino} late as usual

[11:41] {elepet} what will you do then (fitb double bottom)

[11:42] {elepet} ?

[11:42] {Threei}  buy if setup shapes up

[11:42] {Threei}  Prez on TV

[11:43] {dino} heath services getting hit, usna, afam, lhcg

[11:43] {Threei}  (US) PRESIDENT OBAMA: CANNOT DELAY INTRODUCING CAP & TRADE SYSTEM TO WHEN THE ECONOMY RECOVERS

[11:43] {Threei}  oh my

[11:45] {Threei}  FINANCIAL SYSTEM HAS BEEN GOVERNED BY OUTDATED REGULATIONS, TOUGH NEW RULES ARE NEEDED

[11:45] {Threei}  - Wall Street executive compensation needs to be tied to actual performance.

[11:45] {Threei}  - Pre-emptive banks takeovers would cost taxpayers too much and hurt confidence.

[11:46] {dino} cb l .80

[11:47] {Threei}  - Will hold banks that need more aid accountable.

[11:47] {Threei}  - GM needs a path to profitability, hopes Chrysler can find a viable partner.

[11:47] {Threei}  - Healthcare reform needs to be dealt with this year.

[11:48] {Threei}  The reason subprime loans were so readily available was the banks saw profits

[11:48] {Threei}  surely it had nothing to do with political pressure to make thoe loans available

[11:49] {dino} axys sm l .30

[11:58] {dptl} kmb?

[11:59] {dino} snda

[12:02] {dino} fills gap yesterday

[12:13] {nemo} RIMM salmon

[12:13] {Threei} Short Setup: CAT  33 break if stays below33.10

[12:14] {dptl} in

[12:15] {Threei}  stop to .06

[12:16] {Threei}  1:1

[12:16] {dptl} half out 

[12:25] {Threei} Long Setup:  FITB  .70 break if stays above .60

[12:26] {Threei}  any kind of aggressive entry is possible within this range at your discretion

[12:27] {dptl} stopped cat bal.

[12:27] {dino} esrx animal

[12:28] {dptl} in fitb

[12:28] {nemo} in

[12:29] {Threei}  - says future growth will be built on 5 'pillars': new rules for Wall St; new investments in education; new investments in renewable energy; new investments in healthcare to reduce costs; govt restoring fiscal discipline to reduce the deficit once the economic crisis is over.

[12:30] {nemo} He sure know how to kill a markeet

[12:30] {nemo} market

[12:30] {dino}  idcc stop to .92

[12:32] {larisa} he said too many people who just play with numbers and do not produce anything. then added, we need some of them, but engineers are better :) interesting

[12:33] {Threei}  so, engineer is better than a day trader

[12:33] {Threei}  I tried both... I disagree

[12:33] {larisa} lol

[12:33] {larisa} still doing both :) tired

[12:34] {Threei}  and when his belowed engineer goes to the market to cash in his position, I want to see his face when he sees market liquidity without day traders

[12:34] {nemo} RIMM showing signs of topping

[12:34] {dino} speculators are evil attitude

[12:35] {Threei}  he may be right dino... lately I feel this evilish note in myself...

[12:35] {dino} idcc to .02

[12:35] {Threei}  FITB near 1:1

[12:36] {Threei}  Ron Paul on CNN

[12:36] {dino} lol

[12:36] {dino} out idcc +.32

[12:36] {Threei}  disagrees with goverment should spend point of view

[12:37] {dino} he's a closet socialist, trying to engineer the economy

[12:37] {dptl} still in ?

[12:37] {Threei}  closet?

[12:37] {Threei}  I think he is out

[12:37] {Threei}  sold half .78

[12:38] {Threei}  should have justy sold it all

[12:38] {dptl} mm..still in

[12:38] {Threei}  I was in aggressively though, at .66

[12:40] {wulff} stupid cat

[12:42] {Threei}  out balance

[12:42] {nemo} stopped

[12:45] {dptl} stopped fitb....

[12:46] {Threei}  CAT was worth reshorting, eh

[12:47] {nemo} this too}}}[12:34] {nemo} RIMM showing signs of topping

[12:47] {nemo} caught up in Fitb

[12:47] {larisa} vad, why 33 break on CAT initially ?

[12:48] {larisa} if you remember :)

[12:48] {Threei}  was resistance earlier in the morning, around 10 am,

[12:48] {Threei}  got borken, turned into support,

[12:49] {Threei}  got tested for a few minutes after 12,

[12:49] {Threei}  became a trigger for a short if broken

[12:50] {larisa} ty

[12:50] {Threei}  sure... but don't think for a second I rememberd

[12:50] {Threei}  I reconstructed it looking at the chart

[12:50] {larisa} lol

[12:51] {Threei}  reverse engineering, mind you

[12:51] {Threei}  less Prez thinks I am useless

[12:51] {Threei}  lest

[12:51] {larisa} not you, some of us.. must be me and nemo :)

[12:52] {Threei}  can't tell you how irritating this attitude is

[12:53] {dino} still trying to figure out how the money i made in real estate was only paper according to prez

[12:53] {Threei}  big brother deciding who is useful and who is not, and engineering who will be rewarded and who won't

[12:54] {Threei}  (KS) NORTH KOREA HAS ORDERED NUCLEAR INSPECTORS OUT OF THE COUNTRY - WSJ

[12:59] {dino} miti

[13:00] {dino} can't borrow at cyber

[13:01] {dino} anybody get it/

[13:01] {Threei}  want me to short it for you?

[13:01] {Threei}  what was that aspike about?

[13:01] {Threei}  I don't see news

[13:02] {dino} please had 6.65 in sights, ugh!

[13:02] {Threei}  when I looked, it was already under 5

[13:03] {dino} you're slowing down old man, :)

[13:03] {larisa} lol

[13:03] {dino} cern drop

[13:03] {Threei}  I had to read your post which was 4 leters... not a small feat for me

[13:03] {Threei}  then wake up

[13:03] {Threei}  then type all 4

[13:04] {Threei}  come on... I am lucky to get there when I did

[13:04] {dino} snda drop

[13:05] {Threei}  it's almost all the way back

[13:05] {Threei}  what was the news?

[13:05] {dino} nothing

[13:05] {Threei}  you mean $3 stock spikes to over 7 on no reason?

[13:06] {Threei}  hmmm... I giess efficient market thoery is not entirely correct then...

[13:06] {dino} my banker buddies believe that theory

[13:06] {Threei}  even when sober?

[13:08] {dino} well, they rarely are

[13:08] {Threei}  oh

[13:08] {Threei}  that explains it

[13:09] {dino} sm risky l snda .90

[13:09] {dino} wide

[13:09] {Threei}  just thinking such spike and drop should produce some bounce, at least on short covering if nothing else

[13:11] {dino} off my screen

[13:11] {dino} i don't like stocks that i cannot short

[13:11] {dino} seems rigged

[13:14] {dptl} coco?

[13:15] {Threei}  .84...

[13:15] {Threei}  why not

[13:15] {Threei}  ith this size of stop I'll take any trade, lol

[13:15] {dptl} stop .75

[13:16] {Threei}  PREVIEW: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK ON THE FINANCIAL CRISIS AT 1:30PMET

[13:16] {Threei}  - a prepared text and audience Q&A are expected.

[13:19] {Threei}  thought of BAC .40 break long... hesitated

[13:21] {Threei}  (KS) WHITE HOUSE PRESS SEC: CALLS ON NORTH KOREA TO END ITS PROVOCATIVE THREATS

[13:21] {Threei}  or we are going to go back to those 6-sides talks

[13:22] {dino} oooooooooooooooo

[13:26] {dptl} Vad ,you think coco still valid trade?

[13:26] {Threei}  I am not delighted

[13:27] {Threei}  could work... could fail...

[13:27] {Threei}  not very compelling

[13:27] {dptl} ok ty

[13:28] {Threei} Long Setup:  BAC  .50 break if dtayas above .45

[13:29] {dptl} in .50

[13:29] {nemo} in

[13:30] {Threei}  out.59

[13:30] {nemo} out scalp

[13:30] {Threei}  quickie

[13:30] {dptl} out .09 ty

[13:31] {dptl} .59

[13:31] {dino} gj

[13:31] {Threei}  not bad for 2 min and 5K shares

[13:32] {_jfjf64} gj

[13:34] {nemo} RIMM running again

[13:34] {Threei} Long Setup:  FAS  .50 break if stays above .45

[13:35] {Threei}  .40 is more defined support

[13:35] {Threei}  maybe I am too stingy

[13:36] {dino} online eds moving cp;a, esi, apol

[13:36] {dino} cpla

[13:37] {Threei}  that's OK, administration wikll find the way to kill them

[13:37] {dino} lol

[13:39] {Threei}  can I pretend I meant FAZ in the alert above?

[13:39] {nemo} Changing your handle to FantasyTrader?

[13:39] {nemo} You meant "short" setup...

[13:39] {Threei}  nah, short would requite total redoing of alert

[13:40] {Threei}  and there is no need,

[13:40] {nemo} yeah,  i tried...

[13:40] {Threei}  any setup like this can be used for short if it invalidates before triggering

[13:40] {Threei}  that's at your discretion

[13:40] {Threei}  Chaeron likes to do that

[13:40] {Threei}  but both FAS and FAZ formed .45 - .50 setups, lol

[13:43] {vinod} BACK FROM WORK. STILL HAVE 200 cat SHORTED AT 23.00

[13:43] {larisa} 33 I hope

[13:43] {nemo} Better cover dude, you lost 10

[13:43] {Threei}  lol... 33 I guess

[13:44] {vinod} yes 33

[13:44] {dptl} lol

[13:44] {dptl} {nemo} Better cover dude, you lost 10...lol

[13:44] {vinod} 0ut 32.65

[13:44] {vinod} mean cover

[13:44] {Threei}  wtg

[13:45] {nemo} FAS back on the menu Vad?

[13:45] {Threei}  FAS... watchging is setup reiterates itself

06[13:45] * Threei slaps nemo around a bit with a large request not to read his mind

[13:45] {nemo} It's scary in there

[13:46] {Threei}  yeah, trying to protect you

[13:47] {Threei}  nope, ruined again

[13:47] {nemo} sort below .30?

[13:47] {nemo} short

[13:47] {nemo} like me

[13:48] {Threei}  I'd prefer long FAZ then

[13:48] {Threei}  but then I'd like a shallow pullback first

[13:48] {Threei}  let's say not lower than .55

[13:48] {Threei}  then .65 trigger for long

[13:49] {Threei}  and if loses .55, try to get it off the low, c,loser to .50

[13:49] {vinod} can't do all your trade because of work but can do most--vad

[13:49] {Threei}  on first sign of strength and if not losing .45

[13:49] {vinod} and it is taking me time to get used to this system

[13:49] {Threei}  how is it working for you vinod?

[13:50] {vinod} so far good but have to go through all your cd yest

[13:51] {Threei}  sorry, lost me... had to go yesterday and di, or still have to go through them? :)

[13:51] {dptl} holding .55 so far

[13:52] {vinod} holding 200 SRS i brought in morning at 32.50

[13:52] {nemo} market picking up a bit

[13:54] {Threei} Short Setup: BAC  .50 break

[13:54] {Threei}  if holding below .55

[13:54] {nemo} in faz and BAC

[13:55] {dptl} in bac

[13:55] {dptl} in faz

[13:55] {vinod} in bac

06[13:56] * Threei kicks FAZ in the rear

06[13:56] * Threei hits BAC over the head with 2x4

[13:56] {Threei}  violence works

[13:56] {vinod} i hate FAS and FAZ

[13:57] {Threei}  BAC over 1:1

[13:57] {nemo} out scalp

[13:57] {nemo} out faz .71

[13:57] {dptl} out bac

[13:57] {dptl} still in faz

[13:58] {Threei}  FAZ was 2 cents from 1:1... disguting little 3x

[13:58] {nemo} I remembered BAC earlier

[13:59] {cosmo} dptr

[13:59] {cosmo} ... a departure

[14:01] {Threei}  FAZ stop to .58, and if uncomfortable, feel free to scratch it

[14:02] {dptl} out faz -.02

06[14:02] * Threei puts dp on the list of uncomfortable ones

[14:03] {dptl} lol

[14:06] {nemo} FAZ building a nice wedge to .70 is their another trigger

[14:06] {Threei}  yup

[14:06] {Threei}  I am comfortable

[14:06] {nemo} .73

[14:06] {Threei}  and I crossed dp out of my list

[14:08] {_jfjf64} faz?

[14:08] {vinod} cover BAC 10.42

[14:08] {cosmo} QGEN hod = 15.51  fwiw

[14:08] {Threei}  over 1:1

[14:08] {Threei}  half out

[14:08] {Threei}  want to give it a chance

[14:08] {dptl} maan...ye..i shoul get more comfortable :)

[14:09] {Threei}  BAC's death was slow and painful

[14:09] {Threei}  FAZ 1:2

[14:10] {vinod} damm I cover BAC too early i need to learn more?

[14:10] {Threei}  1/4 more out .88

[14:11] {Threei}  +.23

[14:11] {Threei}  hard to tell vinod... this day looked more like scalping

[14:11] {Threei}  who knows when it changes

[14:11] {Threei}  partialling out is the way to let them more room

[14:12] {Threei}  but most of partials earlier in the day didn't really work

[14:12] {vinod} i am using 1k position and no partials so far

[14:13] {Threei}  stop under .70 for the last portion FAZ

[14:14] {Threei}  so far so good

[14:15] {Threei}  not as stellar day as yesterday but pretty solid

[14:16] {vinod} if i use 5k position size will do great but afraid to do so

[14:16] {nemo} welcome to the choir

[14:16] {Threei}  there is a time for everything

[14:17] {patience} i need momo environment to do 5k vinod

[14:17] {Threei}  no one starts with 5K

[14:17] {Threei}  unless they are suciadal

[14:17] {Threei}  MPP has whole procedure for upping the size

[14:17] {Threei}  follow it to the letter, you'll be fine

[14:17] {vinod} i am comfortable with you vad will go slow

[14:20] {Threei}  (US) WHITE HOUSE ECON ADVISOR SUMMERS: THERE IS A LOT OF WORK YET TO BE DONE IN ORDER TO GET THROUGH THE STRAINS IN THE US FINANCIAL SYSTEM

[14:20] {dino}   i've never gone to 5k

[14:21] {Threei}  FED'S BERNANKE: SEES USD REMAINING DOMINANT RESERVE CURRENCY FOR THE FORESEEABLE FUTURE - Q&A

[14:21] {Threei}  you are playing thin stocks dino

[14:21] {nemo} define "foreseeable"?

[14:21] {Threei}  with your style 5K would be triple suicide

[14:21] {nemo} how can you kill yourself more than once?

[14:22] {Threei}  well, you use axe but you don't get it right on the first try

[14:23] {nemo} using an axe to commit suicide is rather difficult

[14:23] {dptl} fitb ?

[14:23] {nemo} RIMM

[14:24] {Threei}  not sure about FITB

[14:24] {larisa} jump off the cliff smoking and shoot yourself half way down :)

[14:24] {Threei}  looks tempting bvut requires a lot of fuel to move

[14:25] {Threei}  sounds about right larisa... also, before jumping swalow a lot of pills and tie the loop around your neck,

[14:25] {nemo} FAS break .50 or are we back into FAZ?

[14:25] {Threei}  you can also increase the effect by jumping out of the window under the moving bus

[14:25] {nemo} Jump in front of a subway train

[14:27] {Threei}  poll: 58% think Obama has clear economic plan

[14:28] {Threei}  I consistently underestimate the numbers of delusional...

[14:28] {nemo} And how many of those polled have any clue about economics

[14:28] {dino} well when 40% don't pay taxes

[14:28] {vinod} nemo how can you kill yourself more than once? --get married?

[14:28] {dino} lol

[14:28] {Threei}  lol

[14:29] {nemo} No...that's torture

[14:29] {larisa} not funny

[14:29] {nemo} no, it's not

[14:29] {vinod} I am sorry i don't know we have female member here

[14:29] {nemo} make's waterboarding like going to get a pedicure

[14:30] {Threei}  don't worry vinod... they laugh just as well, they just don't show it

[14:30] {vinod} I am married over 28 years

[14:31] {Threei}  25 here

[14:31] {nemo} never caught a woman in a weak moment myself...they all sobered up

[14:32] {dino} 14

[14:36] {Threei}  little gambling anyone?

[14:36] {Threei}  DNDN

[14:36] {Threei}  .15 break

[14:36] {Threei}  stop under 17

[14:37] {Threei}  dp, there is EDGX offer

[14:37] {Threei}  make sure you have that enabled

06[14:37] * larisa slaps Threei around a bit with a large trout

[14:38] {dptl} :) ye i see it ..it,s on

[14:38] {Threei}  what was that for?

06[14:38] * nemo slaps Threei around a bit with a large bottle of Grey Goose

[14:38] {larisa} for being sarcastic :)

[14:38] {Threei}  hmmm

[14:39] {Threei}  you prepared to slap me about 60 times per hour?

[14:39] {larisa} lol

[14:39] {nemo} what he say?

[14:39] {dptl} still valid?

[14:39] {Threei}  yes

[14:40] {dptl} got .18

[14:40] {Threei}  half out .31

[14:40] {dptl} out .33 ty

[14:41] {Threei}  stop to .09

[14:41] {dptl} so iam on gamblers list now..:)

[14:41] {Threei}  yup

[14:41] {Threei}  uncomfortable gambler

[14:41] {dptl} lol

[14:42] {Threei}  I combine lists, you see

[14:42] {Threei}  in order to reduce paperwork

[14:42] {Threei}  and save trees

[14:42] {dptl} :)

[14:43] {nemo} why .15 and not when it broke resistance @ .19 or .20?

[14:43] {Threei}  huge offer at .15

[14:43] {nemo} oh

[14:43] {dptl} EDGX

[14:44] {Threei}  allowed to fine-tune entry

[14:44] {Threei}  level 2 must be good for something, right?

[14:44] {dptl} colorfull box nice to look at lol

[14:45] {Threei}  yeah, I am a sucker for flashing lights

[14:46] {Threei}  FEED... 3.30 two day's resistance

[14:46] {Threei}  out DNDN in full

[14:46] {Threei}  .53

[14:46] {Threei}  + something good

[14:46] {_jfjf64} lol

[14:47] {Threei}  this is somewhat wierd play guys... FEED

[14:47] {Threei}  canm turn into swing

[14:48] {Threei}  3.30 resistance, 3 support,

[14:48] {Threei}  looks good on daily,

[14:48] {Threei}  but kind of hard to imagine it would go a lot today if breaks

[14:48] {Threei}  so could turn into overnight hold

[14:49] {Threei}  so decide for yourself if you are comfortable with that

[14:49] {Threei}  and with such wide stop

[14:50] {Threei}  of course you can always turn it into scalp but chart is hard to read for that

[14:51] {Threei}  I'd say, .15 - .20 is closest support for scalpers

[14:51] {Threei}  so break of .40 and spike would be for exit

[14:52] {Threei}  anyone went for it?

[14:52] {_jfjf64} you on fire

[14:53] {Threei}  me is?

[15:02] {nemo} any news?  what with fas

[15:02] {Threei}  nope

[15:03] {dino} whole market

[15:03] {nemo} RIMM not really participating

[15:10] {Threei}  pirates got annoyed I guess... 4 more vessels are taken

[15:12] {Threei}  (US) REPORTEDLY US REGULATORS ARE PREPARING A "CONCEPT PAPER" TO EXPLAIN HOW TO INTERPRET THE RESULTS OF BANK STRESS TESTS - UNCONFIRMED REPORT

[15:12] {Threei}  {XLF C BAC}

[15:13] {dino} they need another committee 

[15:14] {cosmo} they need to see they're doctor

[15:19] {nemo} fas break of .65?

[15:19] {Threei}  C starts looking interesting

[15:19] {Threei}  was intrigued at .10 but somehow didn't find resolve in myself

[15:19] {Threei}  watching for some pullback or consolidation now

[15:20] {nemo} damn fas

[15:27] {Threei}  (US) REPORTEDLY US REGULATORS ARE PREPARING A "CONCEPT PAPER" TO EXPLAIN HOW TO INTERPRET THE RESULTS OF BANK STRESS TESTS, TO RELEASE STRESS TEST RESULTS BEFORE THE END OF APRIL (TIMING IN LINE WITH PRIOR GOVT FORECASTS) - UNCONFIRMED REPORT

[15:27] {Threei}  - Regulators still trying to decide how to disclose the results of stress tests.

[15:27] {Threei}  - Regulators (including SEC) are attempting to determine whether tests are deemed an examination or a material event that must be disclosed.

[15:27] {Threei}  - Stress tests will be on capital levels, not capital ratios.

[15:27] {Threei}  - Reminder: Many contradictory reports have circulated in recent weeks on whether or not stress test results will be made public on either a company-specific or industry-wide basis.

[15:28] {Threei}  this all is very stupid

[15:29] {Threei}  if yopu believe that test reflects soething objective, release the results, we have the right to know and there is no need to patronize us

[15:29] {Threei}  if tests are useless, why do you conduct them

[15:29] {nemo} PR looks like they're doing something

[15:30] {Threei}  anyway...

[15:30] {Threei} Long Setup:  FAS  .55 if holding above .45

[15:30] {Threei} Long Setup:  C  .15 if holding above .10

[15:34] {dino} whippy

[15:37] {Threei}  let's modify C

[15:38] {Threei}  .11 long if stays above .05

[15:40] {Threei}  no worly

[15:49] {vinod} see you tomorrow

[15:49] {Threei}  take care vinod

[15:50] {nemo} gnite

[15:53] {Threei}  interesting how strong C remains comparing to other finnies

[15:54] {dptl} have a good evening all

[15:54] {larisa} FAZ and F new highs :)

[15:54] {larisa} bye all

[15:55] {Threei}  take care dp, larisa

[15:55] {Threei}  C

[15:55] {Threei}  WSJ REPORTS THAT STOCK REGISTRATION DELAYED UNTIL AT LEAST FRI

[15:56] {Threei}  I've no idea why it's a good news but I scalped 13 cents

[15:58] {Threei}  okay guys

[15:58] {Threei}  thank you all

[15:58] {Threei}  have a good evening

[15:58] {nemo} gnite

[15:58] {Threei}  see you tomorrow

[15:58] {_jfjf64} ty

[15:59] {vint} good evening all

Apr 13 2009

Perfect day all around. 10 calls, 10 wins. Does it get any better than that? Some of usual suspects (BAC, C, RIMM) plus some odd ones (DNDN, FEED). 

Session Time: Mon Apr 13 00:00:00 2009

[07:56] {nemo} sneaky fellow

[07:56] {Threei}  who is?

[07:56] {nemo} you and you're new toy the header

[07:56] {Threei}  me be?

[07:56] {nemo} no, your evil twin...

[07:57] {Threei}  oh he is

[08:38] {Threei}  DNDN explosion

[08:39] {Threei}  don't see any news

[08:39] {dino} gm all

[08:39] {Threei}  dino :)

[08:41] {nemo} criminy...was there news?

[08:41] {Threei}  either leak or speculation

[08:43] {Threei}  sheesh... 8 on the nose

[08:45] {Threei}  I mean 9

[08:45] {Threei}  and still no news

[08:46] {dino} you take it vad?

[08:46] {Threei}  no

[08:47] {dino} has to be news on provenge (?) drud phase 3

[08:47] {Threei}  nothing on wires

[08:48] {Threei}  shortable... just checking in case we get "no approval" and have time to grab it

[08:50] {wulff} FAS just jumped

[08:52] {pita} morning all

[08:52] {Threei}  pita :)

[08:56] {dino} not finding anything but rumors

[08:56] {Threei}  same here

[08:57] {dino} meeting the 24th

[08:57] {cosmo} $25/shr is best rumor so far

[08:57] {cosmo} dndn that is

[08:58] {dino} yes, thats a nice one

[09:01] {ese} morning

[09:01] {Threei}  ese :)

[09:04] {elepet} good morning

[09:04] {Threei}  elepet :)

[09:08] {dptl} good morning

[09:08] {Threei}  dp :)

[09:10] {vinod} good morning

[09:10] {Threei}  vinod :)

[09:10] {cosmo} YHOO pre mkt high = 14.38  so far

[09:11] {Threei}  resumption of talks with MSFT

[09:13] {Threei}  ese... admin asked to ask you to check your e-mail

[09:13] {ese} that puts it above significant resistance cos......do you think it will just carry on

[09:13] {cosmo} maybe

[09:14] {Threei}  one more thing to keep an eye on: TCK

[09:14] {ese} ok will do.......my Visa expires this month i'm sure thats what it will be about

[09:16] {cosmo} so then ... you're going back home?

[09:16] {Threei}  lol

[09:16] {dino} sorry to hear es

[09:17] {dino} :)

[09:17] {Threei}  come on, it's Canada... no one goes back home, we hide in the neiborhood church

[09:17] {Threei}  until all three immigration officers have to go to the next case

[09:18] {Threei}  how do you think we grew to over 30 mil people...

[09:18] {nemo} sex?

[09:18] {cosmo} sanctuary

[09:19] {Threei}  nice try nemop... but no, we are not changing topic

[09:19] {nemo} no, that's how you grew to 30 million

[09:19] {Threei}  sigh

[09:19] {Threei}  I had one more comeback... "thanks but no"

[09:20] {fernp} Hello everybody

[09:20] {nemo} oy weh

[09:20] {Threei}  fern :)

[09:21] {magoo} morning

[09:21] {Threei}  magoo :)

[09:21] {Threei}  MGM UPDATE: INDICATING HIGHER AFTER REPORTS OVER THE WEEKEND THAT MGM GOT A WAIVER FROM LENDERS ALLOWING IT TO PAY $70M ON THE CITYCENTER PROJECT WITHOUT ITS PARTNER DUBAI WORLD

[09:27] {Threei}  most likely, first moves after the open will be guesses and confusion,

[09:27] {Threei}  later on market will start defining the direction

[09:27] {Threei}  my best guess is, up

[09:28] {cosmo} BRCD

[09:28] {cosmo} 4.91 hi so far

[09:29] {Threei}  04/13/09 06:24am

[09:29] {Threei}  [BRCD] Brocade Communications Systems Inc. Piper Jaffray Raised BRCD to Buy from Neutral, price target: $6

[09:29] {Threei}  - Firm believes an expanded IBM relationship was the biggest variable in BRCD's FY10 revenue guidance of $2.3-2.6B (includes BRCD/FDRY sales synergies) versus the $2.1-2.2B guidance (no sales synergies).

[09:29] {Threei}  - While there is still some residual integration risk with regard to the Foundry acquisition, firm believes there are many near-term catalysts that outweigh the integration risks.

[09:29] {Threei}  WFC

[09:29] {Threei}  ROCHDALE INITIATES WFC WITH BUY

[09:29] {Threei}  a bit late aren't we, Rochdale

[09:29] {nemo} gold up $15

[09:33] {cosmo} ttwo

[09:34] {Threei} Long Setup:  BAC  .30 break if stays above .20

[09:34] {cosmo} 9

[09:34] {magoo} in

[09:36] {Threei}  over 1:1

[09:36] {Threei}  half or scalp

[09:37] {Threei} Long Setup:  TCK  .65 break if stays above .55

[09:38] {Threei}  BAC 1:2

[09:38] {magoo} out .51 TY

[09:39] {ese} BAC...nice job boys.....

[09:42] {nemo} RIMM bolted

[09:42] {Threei}  WGOV?

[09:42] {nemo} tck invalumidated

[09:42] {dino} glbc, apsg

[09:43] {Threei}  wth happened

[09:43] {ese} tck invalidated Vad?

[09:43] {Threei}  yeah

[09:43] {nemo} you've got that outside/inside BBand pattern iin tck happening though

[09:44] {cosmo} ttwo salmon

[09:45] {Threei}  NFLX too

[09:45] {ese} have got nothing with a huge sell yet dino.....have you

[09:46] {dino} not really, apsg, glbc watch

[09:46] {dino} well glbc 20%

[09:47] {Threei}  keep an eye on ITRI dino, ese

[09:47] {Threei}  has p[otential to become your boy

[09:47] {dino} ge up

[09:47] {ese} will do

[09:48] {dino} ok

[09:48] {dino} 44.66 gap

[09:48] {ese} BBBY

[09:49] {nemo} look at BBY on 5 minute chart...a tad scary

[09:50] {ese} L bbby ,43

[09:50] {nemo} what's your stop ese

[09:51] {ese} .30

[09:52] {nemo} ty

[09:53] {dino} news glbc, don't see much

[09:54] {ese} out bbby .52 =}09

[09:54] {ese} +.09

[09:56] {ese} cos are you long yhoo?

[09:56] {dino} hmmmm, waiting a few more minutes

[09:56] {cosmo} y ese

[09:56] {cosmo} salmon huh?

[09:56] {ese} 1 min chart lokss fgab

[09:56] {ese} looks

[09:56] {ese} fab

[09:57] {dino} 1300, 825 gaps from 4/8

[09:58] {Threei} Long Setup:  FEED  2.90 break

[09:58] {Threei}  if stays above 2.80

[09:59] {dptl} in

[09:59] {nemo} too fast

[09:59] {Threei}  half out or scalp above 3

[09:59] {ese} missed it

[09:59] {magoo} WFC 

[09:59] {ese} would have been a good one

[10:00] {dptl} out .03 ty

[10:00] {Threei}  :)

[10:00] {cosmo} YHOO wants 14.40

[10:01] {ese} L ORCL .23

[10:01] {dino} glbc l .30, stop .99

[10:02] {magoo} bac takes 10

[10:02] {patience} good monday morninjg RT  :)

[10:02] {Threei}  patience :)

[10:03] {Threei}  BAC has that look

[10:03] {magoo} yea yea

[10:03] {magoo} wfc too

[10:04] {pita} where is reentry?

[10:05] {dino} aspg l .37, stop 17

[10:05] {dino} apsg

[10:05] {Threei}  WFC, either pullback into 19.15, or break of .50 if never loses .30

[10:05] {cosmo} many stocks breaking out of bases  fyi

[10:05] {Threei}  BAC, pullback under 10 or break of 10.15

[10:06] {ese} did i miss somethin....breakouts are not working......is it pullbacks i should be lookin at?

[10:06] {cosmo} bases

[10:06] {cosmo} on the dailies

[10:07] {ese} tks

[10:07] {magoo} in BAC

[10:07] {ese} my breakout on ORCL didn't work....am not stopped ...but just wonderin

[10:08] {cosmo} just dont think :)

[10:09] {Threei}  ese, your FITB got mojo back

[10:09] {ese} yes i'm long....at 3.10 with swing position

[10:09] {Threei}  wow

[10:09] {Threei}  that's one nice entry

[10:10] {dino} apsg stopped -.20

[10:10] {Threei}  WFC stop to under .40

[10:11] {Threei}  BAC stop to under .10

[10:11] {Threei}  BAC half out or scalp

[10:11] {Threei}  solidly over 1:1

[10:11] {dino} itri hl l .93

[10:11] {Threei}  WFC 1:1 almost

[10:11] {magoo} out BAC .41 TY BOSS

[10:11] {Threei}  half out WFC too

[10:11] {dino} apsg rinsed

[10:12] {Threei}  this one is a bit more volatile, gota keep risk unde stricter control

[10:12] {pita} BAC ty

[10:12] {Threei}  welcome guys

[10:13] {Threei}  WFC well above 1:1

[10:14] {Threei}  [09:27] {Threei} most likely, first moves after the open will be guesses and confusion,

[10:14] {Threei}  [09:27] {Threei} later on market will start defining the direction

[10:14] {Threei}  [09:27] {Threei} my best guess is, up

[10:14] {Threei}  panned out perfectly

[10:14] {Threei}  WFC 1:2 is coming

[10:14] {magoo} man..wishh i held all my original positionbs..would be REIC

[10:15] {Threei}  LULU... will I get this one right some day or not

[10:15] {Threei}  just gets away from me all the time

[10:16] {nemo} FAS/FAZ

[10:16] {dino} glbc stop to .51

[10:17] {cosmo} yhoo should hold .30  imo

[10:17] {magoo} its a wild aninmal vad..lulu..despite nice name

[10:17] {magoo} time for a pullbk

[10:17] {Threei}  nemo... you agree with me now that they meet today?? :)

[10:18] {nemo} could happen

[10:18] {Threei}  lousy 50 cents left

[10:18] {nemo} yeah, and I missed BAC this morning by .01...we'll see

[10:19] {dino} itri slipped stopped -.27

[10:20] {dino} glbc to .59

[10:21] {dino} out glbc .62, +.32

[10:24] {ese} dcc Vad?

[10:24] {nemo} no gravity on the financials.  Pour a shot Vad...here comes the crossing

[10:24] {Threei}  AIG...

[10:24] {Threei}  something's brewing here too

[10:25] {nemo} they crossed

[10:25] {dino} apsg last try l .42

[10:25] {dptl} ttwo?

[10:26] {Threei}  not an easy one

[10:26] {Threei}  I observed it as it tried to break .30 around 9:50

[10:26] {Threei}  it can be very nastuy

[10:27] {dptl} ok ty leaving it alone then

[10:27] {dino} blud

[10:28] {dptl} bpo?

[10:29] {Threei}  don't know... strange thing

[10:31] {dptl} aib?

[10:31] {nemo} weird we got the crossing then financials turned south

[10:31] {Threei}  yikes... where do you find these wierdos, lol

[10:32] {nemo} the mirror

[10:32] {Threei}  talking to do actually, but thank you for the information, nemo {G}

[10:32] {Threei}  to dp

[10:32] {dptl} :)

[10:35] {Threei}  TREASURY'S GEITHNER TO HOST G7 FINMIN MEETING IN DC ON APRIL 25

[10:36] {nemo} wow DOW volume huge, NAS low, S&P about 120%

[10:36] {Threei}  finnies are doing that I'd assume

[10:36] {Threei}  NAS is light on those

[10:40] {dino} options exp fri, fwiw...imo watch zeros and fives this week

[10:42] {Threei}  morning drop into 4.05 on F was very tempting... don't know why I hesitated to call it

[10:46] {dptl} mdt?

[10:46] {Threei}  .25 break worth a try

[10:46] {Threei}  stop under .15

[10:47] {dino} snda

[10:47] {dptl} ok ty

[10:50] {Threei}  amazes me how DNDN is holding

[10:51] {Threei}  gotta keep an eye on it

[10:51] {Threei}  this thing may be preparing another surprize

[10:53] {Threei}  if market picks up serious upward pace, one more momo candidate: APWR

[10:53] {Threei}  6.25 break

[10:55] {_robert} C?

[10:56] {Threei}  C is one of tyhe banks reporting over next week or two... bets are being placed whether it pulls WFC

[10:56] {Threei}  IMO, play it with FAS

[10:57] {_robert} ok, ty 3i

[10:57] {Threei}  their charts are very similar today

[10:57] {Threei}  if FAS resumes this victory march, C will be one of participants

[10:57] {_robert} ty

[10:58] {dptl} au?

[10:58] {Threei}  nah

[11:04] {ese} stopped orcl .00  &^%&^$^%

[11:06] {ese} didn't think it would go below 19.00

[11:14] {Threei} Long Setup:  RIMM  .80 break if stays above .70

[11:16] {dptl} in

[11:18] {Threei}  over 1:1, half out

[11:19] {Threei}  scalpers are scalpers

[11:20] {dptl} out .90 and .02 ty

[11:21] {Threei}  welcome

[11:21] {Threei}  1/4 more out .07

[11:22] {Threei}  offering last part .15

[11:23] {Threei}  out in full

[11:23] {Threei}  +.34

[11:24] {_jfjf64} nice nice

[11:24] {dino}  lbc l .85

[11:24] {Threei}  what do we have, 5:5 so far?

[11:25] {magoo} yup

[11:25] {Threei}  can I go home?

[11:26] {magoo} nope

[11:26] {Threei}  meanie

[11:26] {magoo} u are home btw

[11:27] {Threei}  hmmm

[11:28] {nemo} financials breaking out again

[11:28] {Threei}  PRESIDENT OBAMA: STIMULUS PROJECTS ARE AHEAD OF SCHEDULE, UNDER BUDGET

[11:29] {dptl} apwr if takes .25 stop under .10?

[11:29] {Threei}  yeah... risky one

[11:32] {Threei}  pirates vow revenge against USA

[11:33] {Threei}  I'll attack you but if you defend yourself I'll retaliate

[11:33] {Threei}  what's wrong with this picture?

[11:33] {nemo} Lucky Obama's president,they don't have to worry about a b52 strike levelling the coast of Somalia

[11:34] {Threei}  - Obama scheduled to speak on stimulus projects at the Dept of Transportation in a few minutes

[11:34] {nemo} buying more hybrids?

[11:35] {dino} what we need is reagan tossing a few at them

[11:35] {Threei}  why do I feel skeptical about e-mail promising weight loss with, wait for it...

[11:35] {Threei}  * No Exersize *

[11:36] {dino} just stop eating 3i

[11:36] {Threei}  I will - bui they need to learn to spell first

[11:37] {Threei}  feels like another spike is coming

[11:38] {Threei}  RIMM pulled back enough to become interesting again

[11:38] {Threei}  64 break

[11:38] {Threei}  stop under .90

[11:38] {nemo} that blew by

[11:40] {Threei}  anyone got it?

[11:40] {pita} in 04

[11:40] {nemo} how far away from break can you buy?

[11:40] {Threei}  I'd trail stop to under .95

[11:41] {dino} itri l .30

[11:41] {Threei}  we are moving into lunch time, gotta tighten things up

[11:41] {Threei}  over 1:1

[11:41] {Threei}  feel free to book it

[11:41] {dptl} mtl?

[11:42] {Threei}  not sure... way too slow

[11:42] {pita} booked ty

[11:42] {Threei}  welcome

[11:42] {dino} gj

[11:43] {dino} what the?

[11:44] {nemo} aliens?

[11:44] {dino} drop 

[11:45] {dptl} gci?

[11:46] {dino} ariel cap. ups stake to 12%

[11:46] {dino} axys hl l .27

[11:48] {Threei}  Prez on TV

[11:48] {nemo} weird spikes in shadows in FAS and FAZ today

[11:51] {dino} prez =markets drop

[11:53] {dptl} Vad,how about gci?

[11:54] {Threei}  I don't know

[11:54] {Threei}  this is not the kind of stock I would chase that far

[11:54] {dptl} yeah..got away

[11:55] {nemo} just like that FAS FAZ are $2 bucks apart again

[11:55] {dptl} was thinking.70 break with .60 stop

[11:55] {dino} dp, see above 12%

[12:09] {Threei}  US TREASURY RELEASES MUTUAL BANKS TARP TERM SHEET

[12:10] {Threei}  keep an eye on JNPR

[12:10] {Threei}  if market drops, this one looks nicely for a short

[12:11] {Threei}  17.80 being obvious trigger,

[12:12] {Threei}  but aggressive entry looks possible if we get sharp market drop and JNOPR delay

[12:13] {_jfjf64} stop??

[12:13] {Threei}  so far high of consolidation range is .92

[12:14] {Threei}  so .95 looks right for a stop with aggressive entry

[12:14] {_jfjf64} ty

[12:16] {nemo} RIMM Vad?

[12:17] {Threei}  market feels to me like dropping from here

[12:17] {dino} itri stop to .74

[12:17] {Threei}  RIMM doesn't look this way

[12:17] {Threei}  so my read is probably off

[12:17] {Threei}  backing away

[12:18] {dino} slipped .73 out, +.43

[12:20] {dino} cyou

[12:20] {nemo} omg

[12:20] {dino} straight up

[12:21] {Threei}  nice drop RIMM

[12:21] {Threei}  why did I not call short?

[12:21] {nemo} you said you couldn

[12:21] {nemo} read it

[12:23] {ese} L drys .75

[12:24] {ese} .759 to be exact

[12:25] {ese} out drys .80 +.05

[12:25] {dino} powl?

[12:26] {ese} $205 on 5000 shs

[12:26] {Threei}  ese become quite proficient at scalp type I

[12:26] {nemo} yeah, got out just in time too

[12:26] {ese} am trying ....not better than 50/50 yet

[12:27] {ese} witness orcl this morning

[12:28] {dino} esrx happy

[12:28] {ese} l drys .76

[12:28] {ese} out .81

[12:29] {ese} +.05 again same deal

[12:29] {ese} drys can pop up there like that though

[12:32] {dptl} long apwr.25

[12:32] {ese} one thing that has changed in my trading though is that when i exit a stock and it shoots up .......i'm into the "ahhhhhhh big deal stage"...more where that came from....doesn't bug frame of mind

[12:34] {nemo} was RIMM on break of resistance a reasonable trade?  Or not at lunch time?

[12:34] {dino} seems you've found your edge

[12:35] {ese} it's taken a while dino.......

[12:35] {Threei}  answer in retrospect will sure be tainted by knowing the outcome

[12:35] {nemo} came right back too, lunch time scalp at best

[12:36] {ese} a la drys right now......shot right up there....has no effect on me......whereas before it was the ..."Damn.....if i'd just hung on sybdrome"

[12:36] {Threei}  wow DRYS

[12:36] {ese} thanks vad.....i needed that

[12:36] {dptl} spwr stop still under .10?

[12:36] {dptl} apwr i mean

[12:37] {Threei}  reasonable to move it under .15

[12:37] {dptl} ok ty

[12:38] {nemo} JNPR long break of .95?

[12:38] {Threei}  (CH) UPDATE: CHINESE GOVT RESEARCHER FORECASTING PROPERTY PRICES IN CHINA TO FALL BY 50% OVER NEXT TWO YEARS

[12:38] {Threei}  nah, I'd leave JNPR alonwe

[12:39] {nemo} yeah, and EJ is up .25 more since that announcement

[12:40] {Threei}  WFC pulled back nicely for scalp entry

[12:40] {Threei}  watch FAS for upticks to grab WFC

[12:41] {Threei}  ummm

[12:41] {Threei}  way too fast

[12:41] {Threei}  don't chase, beter let it go

[12:41] {dptl} out some .39 apwr

[12:42] {Threei}  wtg

[12:42] {Threei}  good focus

[12:42] {dptl} ty :)

[12:42] {Threei}  anyone else took APWR?

[12:43] {Threei}  lazy bums... clean JBE

[12:44] {Threei}  that's 7 for 7, and I am on strike

[12:45] {dptl} all out .49 ty

[12:45] {dino} cyou continues

06[12:45] * Threei slaps dptl around a bit with a large roll of cash

[12:45] {nemo} better take tomorrow off then GS will announce everything will rocket pre-market, and the rest of the day will suck

[12:46] {magoo} when GS report?

[12:46] {nemo} hold on

[12:46] {Threei}  tomorrow before open

[12:46] {magoo} before..interesting

[12:47] {nemo} yeah, day off tomorrow

[12:47] {magoo} u taking off nemo?

[12:47] {nemo} no, I'll be here, but if everything rockets, we get a repeat of WFC's preannouncement

[12:48] {nemo} well, that's if history repeats itself

[12:49] {nemo} GS has probably made a killing this quarter, considering they were one of the big counterparties to AIG

[12:49] {pita} later all

[12:49] {Threei}  take care pita

[12:50] {dino} vprt drop

06[12:52] * magoo slaps laserdave around a bit with a large trout

06[12:52] * magoo slaps laserdave around a bit with a large trout

06[12:52] * magoo slaps laserdave around a bit with a large trout

[12:52] {laserdave} tanks

[12:52] {magoo} dont mention it:)

[12:54] {dino} vprt l .70

06[12:55] * Threei slaps laserdave around a bit with a large chart of uptrending market

06[12:58] * magoo slaps Threei around a bit with a large trout

06[12:58] * magoo slaps patience around a bit with a large trout

[12:59] {dino} algt

[13:12] {dino} chtt drop

[13:13] {dptl} will aa break 9?

[13:14] {Threei}  better question is,

[13:14] {Threei}  if it breaks, what are you going to do?

[13:15] {Threei}  see my point?

[13:16] {Threei}  what's the use in predicting

[13:16] {Threei}  better prepare your scenario

[13:16] {Threei}  and go with plan

[13:16] {nemo} 9 break stop under .93...maybe?

[13:17] {dptl} will take 9 break with .stop under .95

[13:18] {nemo} sorry, I was looking at 5 minute chart

[13:19] {dino} fslr

[13:19] {patience} magoo, why you trouting me?

[13:20] {magoo} because i can

[13:20] {nemo} it's a betrouthal

[13:21] {nemo} mmmh market woke up

[13:21] {Threei}  1:1

[13:21] {dptl} jeez...didn' get it ...how come? had .02 prepared

[13:22] {dptl} hmm wierd oh well

[13:22] {dptl} nice one..did you get it Vad?

[13:22] {Threei}  was distracted

[13:22] {Threei}  saw it breaking when it was at .05

[13:23] {dptl} here comes apwr for another leg

[13:24] {Threei}  spread became nasty

[13:25] {Threei}  sheesh

[13:25] {Threei}  look at CUBA

[13:27] {dptl} they talk about Cuba on cnbc now

[13:28] {Threei}  C

[13:28] {Threei}  chart is nice for 3.50 break

[13:29] {dptl} stop at.40?

[13:29] {Threei}  depends

[13:29] {Threei}  there are a few way to play it

[13:29] {Threei}  fo scalp type I, .44

[13:29] {dptl} no under .45 i think for scalp

[13:29] {dptl} oops

[13:29] {Threei}  for a day trade either under .40 or .35

[13:30] {dptl} aa 1:3

[13:30] {nemo} tck on 5 minute vad

[13:31] {Threei}  then there is a swing trade if you believe in GS earthshuttering report

[13:31] {Threei}  don't have read on TCK

[13:32] {nemo} in on c @ .50 or wait until .51?

[13:32] {Threei}  last shares at .50 ideally

[13:32] {Threei}  just before uptick

[13:32] {dptl} in c .50

[13:34] {dino} axys stop to .65

[13:34] {dino} out slipped .60 ave, +.30

[13:36] {dino} vprt stop to .82

[13:36] {Threei}  BAC new high...

[13:36] {dino} chtt sm l .51

[13:37] {dino} to .88 vprt

[13:38] {dino} out .88, +.18

[13:38] {magoo} nice fast

[13:44] {nemo} wanna' talk nicely to C Vad?

[13:45] {dptl} stop to under .48?

[13:45] {Threei}  hmmm

[13:45] {Threei}  is it really my style

[13:46] {nemo} on occasion

[13:46] {Threei}  if you want to be very anal-retentive, dp...

[13:46] {dptl}  ok..:)

[13:47] {Threei}  1:1 for type I

[13:47] {dptl} out some .06 1:1

[13:47] {Threei}  ese... fess up

[13:48] {nemo} out ty

[13:48] {Threei}  this is so your kind of play

[13:48] {Threei}  welcome

[13:48] {Threei}  this is what, 8:8 or 9:9?

[13:48] {dptl} yeah i see Ese on al of the ecn's

[13:49] {nemo} 9:9  counting the one you got distracted on

[13:49] {Threei}  cool beans... next time I'll just kill the guy who phoned 30 seconds before AA broke out

[13:49] {nemo} you didn't have to answer

[13:50] {Threei}  so what... I don't pretend to be fair

[13:50] {nemo} what?

[13:50] {Threei}  killing him would be unfair since it's my fault for answering the call, right?

[13:50] {nemo} right

[13:51] {Threei}  since I don't even pretend to be fair, I can still kill him

[13:51] {dptl} all out c ty

[13:51] {nemo} then again, you're just helping his soul transition to the next rotation

[13:51] {Threei}  welcome

[13:51] {Threei}  there you go

[13:51] {nemo} It's a great rationalization that has worked for me countless times

[13:52] {Threei}  also, helps with his headaches

[13:52] {Threei}  in a very radical way

[13:52] {nemo} what headaches?

[13:52] {Threei}  well, if he calls me for advice he must have some

[13:53] {Threei}  and if he doesn't, I'll still think he does - another rationalization

[13:53] {magoo} mkts got that same feel as thursday imo

[13:54] {Threei}  I agree

[13:54] {nemo} O eye C, you'll end his headaches

[13:54] {Threei}  whew

[13:54] {magoo} magoo faints

[13:54] {Threei}  was it so deeply coded?

[13:54] {nemo} multi-tasking

[13:57] {ese} sorry all....stepped out for a few minutes......fess up on what????   what did i miss or what have I been accused of ehhhhhhhh????

[13:57] {Threei}  missed C scalp type I

[13:58] {Threei}  .50 entry

[13:58] {Threei}  hit .60

[13:58] {nemo} just the usual ese...miscreant deviance

[13:58] {magoo} any read GS VAD?

[13:58] {Threei}  so your kind of play

[13:59] {_jfjf64} nice c nice

[13:59] {Threei}  up mags... but finding an entry on it, I don;'t even want to try

[13:59] {Threei}  when it danced around 128, I thought 130 today for sure,

[13:59] {magoo} BAC 11

[14:00] {magoo} i think 135 vad

[14:00] {Threei}  watched it for a while trying to find entry, gave up finally

[14:00] {Threei}  BAC one of the strongest

[14:00] {magoo} if holds130..135 in cards

[14:00] {magoo} big levels

[14:00] {nemo} fas vad

[14:00] {nemo} too late

[14:01] {nemo} reenter C break of .60?

[14:02] {Threei}  let's try for pullback rather

[14:02] {Threei}  BAC pulled back into 11

[14:02] {magoo} now its wfc turn..in it .50

[14:02] {Threei}  cross back over 11 if holding 10.90

[14:03] {nemo} RIMM pull back

[14:04] {magoo} took dime WFC

[14:04] {nemo} shit RIMM

[14:10] {Threei}  BAC invaliadated

[14:13] {nemo} It's like FAZ and FAS are magnets with opposite polarity.

[14:14] {ese} I'm outta here for the day all....see you tomorow

[14:14] {Threei}  take care ese

[14:14] {nemo} P&Q ese

[14:14] {ese} you bet

[14:14] {Threei} Long Setup:  BAC  .76

[14:14] {Threei}  stop under .70

[14:17] {dptl} thin one: cetv ?

[14:18] {Threei}  frikin thing is up 2 and half bucks

[14:18] {Threei}  no way I am touching it here

[14:19] {dptl} 2.5?

[14:19] {nemo} VAD wfc

[14:19] {Threei}  half out BAC .84

[14:19] {Threei}  scalkpers take profit

[14:20] {Threei}  low 13.50

[14:20] {Threei}  right now at 16t

[14:20] {Threei}  16 - 13.50 = 2.50

[14:20] {Threei}  no?

[14:20] {dptl} oh ye from low today...yes 

[14:23] {Threei}  out second half BAC

[14:23] {Threei}  .91

[14:23] {Threei}  10:10

[14:23] {Threei}  can I go home finally???

06[14:24] * Threei slaps magoo around a bit with a large demands, from "can I go home" to "I want a raise"

[14:24] {_jfjf64} nice nice

[14:24] {magoo} nooooooooo

[14:32] {dino} scanners green

[14:32] {patience} but are they moving?

[14:33] {dino} indeed

[14:36] {dptl} mi?

[14:37] {Threei}  lol

[14:38] {Threei}  where do you find those that run today more than in their three previous lifetimes

[14:38] {nemo} C&H 5 minute chart TCK

[14:38] {dino} everywhere

[14:38] {dptl} lol...

[14:42] {nemo} Everybody is expecting GS to blow out earnings tomorrow, yes?

[14:44] {nemo} C Vad...too late

[14:44] {magoo} problem is it is way up in advance

[14:45] {nemo} you talkin' GS mags?

[14:45] {magoo} yes

[14:45] {Threei}  C is going higher IMO

[14:45] {nemo} my thoughts too

[14:45] {magoo} might be set to sell the news

[14:45] {Threei}  I just don't want to be a breakout buyer on it

[14:45] {dino} you have to worry about buy the rumor sell the news on that run

[14:45] {nemo} my thoughts too mags

[14:45] {Threei}  notice it bottomed out right when BAC did

[14:46] {magoo} may stay strong tpoday tho

[14:46] {nemo} yes, and yes

[14:47] {magoo} like i could see 133-134 today

[14:48] {Threei}  F

[14:48] {Threei}  S&P RAISES RATINGS TO CCC+ FROM SD-; OUTLOOK NEGATIVE

[14:48] {Threei}  - The upgrade reflects our evaluation of Ford's creditworthiness following the company's completion of what we considered to be a distressed debt exchange. The transaction improved Ford's capital structure; Ford's automotive debt was reduced by $9.9B, from $25.8B at Dec. 31, 2008. Still, Ford estimates that annual cash interest savings will be less than $600M, a fraction of the company's automotive cash outflows in 2008 and, we believe, in 2009.{GM}

[14:49] {dptl} Vad..how about aa short of .23?

[14:49] {Threei}  50/50, IMO

[14:50] {dptl} ok

[14:50] {dptl} ty

[14:56] {dino} vprt l .00

[14:57] {Threei}  BAC lost mojo somewhat, C stays strong

[14:58] {Threei}  ugh

[14:58] {nemo} what did you miss?

[14:58] {Threei}  DNDN, I was keeping it on a backburner for so long that finally missed the spike

[14:59] {Threei}  lol

[14:59] {laserdave} im away?

[14:59] {laserdave} where did i go?

[14:59] {Threei}  dave is losing it

06[14:59] * nemo slaps laserdave around a bit with a large bottle of no-doz

[15:07] {magoo} vad..whatcha think here?

[15:08] {Threei}  explosive finish

[15:09] {nemo} explosive or implosive?

[15:11] {Threei}  UN SECURITY COUNCIL FORMALLY ADOPTS STATEMENTS CONDEMNING NORTH KOREA'S ROCKET LAUNCH

[15:13] {dino} vprt to b/e

[15:15] {dino} to .11

[15:15] {dino} out vprt +.11

[15:15] {dino} re: n korea, like they care

[15:15] {nemo} gotta' send in the "World Police"

[15:17] {dino} another "resolution" w/o teeth, big deal, mark my words in 60 days they will give hundreds of millions in aid to them, calling it tough new deal

[15:17] {dino} every year same thing

[15:19] {Threei}  FAS is trading above FAZ

[15:19] {magoo} thats SICK

[15:19] {Threei}  how funny is that

[15:19] {dino} powl to .10

[15:19] {Threei}  FAS started as 20 if I remember correct

[15:19] {Threei}  FAZ at 120

[15:20] {Threei}  both are under 10

[15:20] {Threei}  what kind of vehicle is that

[15:20] {Threei}  lol

[15:21] {dino} out powl .25, ave +.33

[15:22] {dino} hybrid i guess

[15:22] {Threei}  lol

[15:22] {nemo} is that the Buffet china investment?

[15:22] {Threei}  you mean feel-good-but-totally-useless-POS?

[15:23] {nemo} don't know, I have an article, am not watching CNBC

[15:23] {dino} pretty much

[15:23] {dino} whats cnbc

[15:23] {nemo} it's a matador

[15:24] {dino} lol

[15:24] {nemo} wondering if you remembered?

[15:27] {dino} ?

[15:27] {nemo} what

[15:33] {dino} i guess i don't remember

[15:34] {nemo} What's a matador?  Ugly AMC car

[15:34] {Threei}  I feel this conversation would be bought by stand-up comedians on the spot

[15:34] {dino} ahhhh, was lost there

[15:34] {nemo} you're younger than I am

[15:34] {dino} 44

[15:35] {nemo} yep

[15:38] {dino} glbc to .81, all dayer

[15:39] {dino} out .85 flat

[15:40] {dino} now just need to get rid of that piece of chtt

[15:41] {dino} c'mon, that's funny

[15:41] {magoo} vad..what ya looking at?}

[15:41] {nemo} yeah, just tired, dino

[15:41] {Threei}  at dino's line

[15:41] {Threei}  trying to figure out funny part

[15:41] {Threei}  kidding dino... it is funny :)

[15:42] {dino} you guys kill me

[15:42] {Threei}  TRBR

[15:42] {Threei}  is that a joke?

[15:42] {dino} like an abbott and costello show

[15:43] {Threei}  mags, C and BAC are main players

[15:44] {Threei}  I am just not sure it's worth risk so close to eod

[15:44] {nemo} wish I had gone long on that C break of .60...

[15:44] {Threei}  do I really want to spoil the perfect day?

[15:45] {dino} 6 for 9

[15:49] {dino} out chtt .60, +.15 ave

[15:49] {dptl} have a good evening all

[15:49] {Threei}  take care dp

[15:49] {dino} that's it for me, don't want to mess up

[15:50] {Threei}  neither do I

[15:50] {Threei}  just watching the close

[15:50] {Threei}  interestingly quiet

[15:50] {Threei}  at the high

[15:51] {nemo} bode higher for tomorrow Vad?

[15:52] {Threei}  well, action wise yes but still gotta hear from GS

[15:52] {nemo} or, the reaction to GS anyway.  I think they kill it tomorrow

[15:53] {Threei}  GS may prove very hard to kill...

[15:53] {nemo} No...I mean earnings, they did well this quarter

[15:53] {cosmo} on bailouts

[15:53] {Threei}  rumor says total kill

[15:54] {Threei}  overkill

[15:54] {nemo} wow RIMM giving it back

[15:54] {Threei}  kill twice, and then kill again to be sure

[15:54] {nemo} Taxpayer got fornicated big time

[15:54] {Threei}  US PATENT OFFICE REPORTEDLY REJECTS ALU TOUCH-SCREEN PATENT THAT RESULTED IN A $358M JURY VERDICT AGAINST MSFT

[15:54] {Threei}  - in a March 26 notice, the patent office stated the elements of the patent used to rule against MSFT were obvious variations of public domain touch screen tech. ALU patents will remain in force during any appeal process that ALU intiates with the patent office.

[15:54] {Threei}  - the jury verdict last year with interest now stands at about $511M.

[15:54] {Threei}  - the case is Lucent Technologies v Gateway Inc. in the southern district court of California.

[15:56] {Threei}  any blip with GS, FAZ will be major buy

[15:56] {nemo} Have to be up early tomorrow

[15:57] {Threei}  okay guys, hope everyone's happy today

[15:57] {Threei}  who isn't load up on dopamine

[15:57] {Threei}  have a good evening, see you all tomorrpw

[15:57] {Threei}  will be verrry interesting day

[15:58] {magoo} ty vad

[15:58] {magoo} everyone

[16:00] {_jfjf64} nice day 3i

[16:00] {Threei}  yeah... I reserve right for couple stops tomorrow

[16:01] {_jfjf64} lol