Apr 23 2009

Very nice start of the day, not much activity in second half. Just one stop, the rest worked like charm. All usual suspects: WFC, FAS etc. 

Session Time: Thu Apr 23 00:00:00 2009

[07:34] {ese} good morning....anybody hangin

[07:35] {Threei}  wow

[07:35] {Threei}  really sleepless soul eh?

[07:36] {ese} morning vad.....can we dcc

[07:36] {Threei}  sure

[07:54] {magoo} morn

[07:55] {magoo} can anyone get into lasr yet?

[07:56] {vinod} good moring to all. let make a great day

[07:56] {magoo} v:)

[08:02] {Threei}  magoo, vinod :)

[08:02] {nemo} haroo

[08:02] {magoo} vadf

[08:02] {Threei}  nemo :)

[08:02] {magoo} vad:)

[08:02] {magoo} nemo:)

[08:02] {magoo} can u log into laser?

[08:02] {Threei}  hmmm... I get swore at so early in the morning

[08:02] {nemo} mags

[08:02] {Threei}  no

[08:03] {magoo} ok..thought my side

[08:03] {magoo} lol

[08:06] {magoo} in now

[08:07] {nemo} I open LASER and it automatically tries to log me in and gives me "Invalid User" I hit "ok" and it closes the application.  Doesn't even give me an opportunity to log in again

[08:07] {Threei}  that's personal magoo

[08:07] {Threei}  it hates you

[08:08] {Threei}  sorry, nemo

[08:08] {Threei}  just let me in too

[08:09] {Threei}  nice gaps

[08:09] {Threei}  FITB is happy

[08:09] {Threei}  FAS too

[08:09] {Threei}  what was end of day drop about yesterday?

[08:09] {Threei}  some news or just because?

[08:10] {magoo} no news

[08:10] {Threei}  okay

[08:10] {magoo} just droppedd to screw magoo

[08:11] {Threei}  but you stayed safe and didn't let it, right?

[08:11] {magoo} no..crushed me

[08:11] {Threei}  seriously?

[08:11] {magoo} yea

[08:11] {magoo} was long

[08:12] {Threei}  stops?

[08:12] {magoo} blown

[08:12] {magoo} was up too at 3

[08:12] {magoo} dead at 4

[08:13] {Threei}  come on... you really know better than blow the stops

[08:13] {magoo} i know

[08:13] {magoo} but it happens sometimes

[08:14] {magoo} had 6 day win streak going 

[08:14] {magoo} CRUSHED

[08:14] {magoo} you've wrote about that subject

[08:15] {Threei}  professionalism is consistency...

[08:15] {magoo} yup

[08:16] {magoo} but hey. letting room know truth..so they not only see magoo win side

[08:16] {magoo} 6 up days....CRUSHED

[08:16] {Threei}  that's the road to the cure...

[08:16] {Threei}  just hate to see it

[08:17] {magoo} now..on pos note..held 400 sh aapl overnite @ 124.40

[08:17] {Threei}  ok, last question and I'll shut up

[08:17] {magoo} i bounce back better than TIGGER the TIGER

[08:17] {Threei}  the loss didn't exceed the wins of the winning streak?

[08:18] {magoo} my first hold in 16 months

[08:18] {magoo} no

[08:18] {Threei}  okay

[08:18] {magoo} but im telling u CRIUSHED

[08:19] {magoo} big enough that u'd faint

06[08:19] * Threei slaps magoo around a bit with a large manual titled Safety in the Markets

[08:19] {magoo} but i had HUGE win sstreak

[08:19] {Threei}  I don't want to know

[08:19] {magoo} u know magoo.......

[08:20] {magoo} but lets get to work

[08:20] {magoo} thhoughts AAPL?

[08:20] {Threei}  it's above the last resistance 125

[08:20] {Threei}  meaning uncharted territory

[08:20] {Threei}  meaning, no one knows

[08:21] {magoo} out 126.60..+ 2.20

[08:22] {magoo} may reload later

[08:22] {magoo} need to bank it

[08:22] {magoo} good start:)

[08:23] {magoo} crazy b*stard huh}???

[08:23] {Threei}  you?

[08:23] {Threei}  certainly

[08:24] {magoo} yea

[08:24] {Threei}  but that's magoo we come to know and like

[08:24] {Threei}  or dislike

[08:26] {magoo} u ever anomously reference me at seminars he he?

[08:26] {magoo} probably write a chapter on me

[08:27] {magoo} good out aapl

[08:28] {nemo} I know some psychiatrists that would love to do a case study on you

[08:29] {nemo} You mags, not Vad...there's no hope for him

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 640K V 640KE,

[08:30] {Threei}  CONTINUING CLAIMS: 6.137M V 6.120ME

[08:30] {magoo} thats why i exited..the number risk

[08:31] {Threei}  this is a good test

[08:31] {Threei}  if market shakes it off, and I think it will, we have new leg for a rally

[08:32] {nemo} futures are liking it

[08:32] {Threei}  hmm?

[08:32] {Threei}  what futures are you looking at? :)

[08:33] {nemo} DOW

[08:34] {magoo} ACOR up huge vad..news?

[08:35] {patience} good morning RT  :)

[08:35] {magoo} patience:)

[08:35] {patience} magoosky!   good morning   :)

[08:36] {Threei}  patience :)

[08:36] {Threei}  UPDATE: RESUBMITTED NEW DRUG APPLICATION FOR FAMPRIDINE-SR FOR MULTIPLE SCLEROSIS

[08:37] {ese} morning all

[08:37] {fernp} Hello everybody

[08:37] {Threei}  ese, fern :)

[08:39] {Threei}  FITB CEO: SEEING SOME SIGNS OF OPTIMISM COMPARED TO THE LAST 4 OR 5 QUARTERS - CONF CALL COMMENTS

[08:40] {pita} to quote magoo "a'dlkgjaoirjy"

[08:40] {Threei}  lol pita

[08:40] {Threei}  our lunacy rubs off eh?

[08:41] {pita} its wonderful

[08:43] {Threei}  BAC

[08:43] {Threei}  CNBC REPORTS THAT US FED CHIEF BERNANKE DID NOT PRESSURE CEO LEWIS TO KEEP QUIET ON LOAN LOSSES AT MERRIL LYNCH

[08:43] {pita} perhaps amusing is a better word choice

[08:44] {magoo} he he..pita gave it a second thought

[08:45] {pita} not a whole second

[08:45] {magoo} so shes not quite assylum ready vad

[08:45] {Threei}  she?

[08:46] {pita} past ready - pita's a he - PITA = Pain In The Ass

[08:46] {magoo} fitb has a gap to fill higher @ 4.79

[08:47] {magoo} oops

[08:47] {magoo} apoligize

[08:47] {pita} not necessary

[08:47] {pita} where's the gap?

[08:51] {ese} i'm definately looking at that mags

[08:51] {ese} would love to see it go there 4.79 fitb

[08:52] {pita} how do you play that?  Not much of a gap...

[08:54] {pita} are we talking 4/20 morning open?

[08:56] {ese} fitb's numbers were good this morning....beat the street handily....should climb

[08:56] {cosmo} LOGI pre mkt recovery high = 10.41  so far

[08:56] {dptl} good morning all

[08:57] {Threei}  dp :)

[08:57] {magoo} 5 day chartshows gap mr. pita

[08:59] {pita} :)  sm gap, i see

[09:00] {dino} gm all

[09:00] {magoo} aapl has a way of making u feel stupid

[09:01] {magoo} now i hate my exit :)

[09:01] {Threei}  dino :)

[09:02] {ese} deeeeeeeenooooooo

[09:03] {dino} wow

[09:05] {ese} anybody got a read on financials this morning

[09:06] {Threei}  just up and down with market

[09:07] {tomg} good morning all

[09:08] {Threei}  tom :)

[09:09] {Threei}  (US) FITCH: US HOUSE PRICES TO FALL ANOTHER 12.5% BEFORE FINDING A BOTTOM

[09:09] {Threei}  - U.S. home prices will fall an additional 12.5% from 2008's year end values before exhibiting more stability in late 2010, according to Fitch Ratings.

[09:09] {Threei}  - This forecast reflects a reversion to early 2002's prices.

[09:09] {Threei}  - Currently, prices are hovering around levels seen in mid 2003.

[09:09] {Threei}  - To date, national home prices have declined by 27%

[09:11] {vinod} I expect more choppy trading

[09:18] {cosmo} NUVA:  NuVasive posts narrower Q1 loss, ups 2009 viewat Reuters(Wed 6:21pm)

[09:18] {dino} nuva

[09:18] {dino} opps

[09:19] {dino} seems a bit much

[09:19] {dino} acor

[09:19] {dino} rsh

[09:27] {pita} watch list?

[09:27] {Threei}  usual suspects

[09:27] {Threei}  want to skip first minutes

[09:27] {nemo} I've heard that before :)

[09:31] {jfjf64} gm on

[09:31] {magoo} GE smoked vad

[09:31] {dino} ilmn sm l .50

[09:31] {dino} wide

[09:31] {Threei}  jf :)

[09:32] {Threei}  FDIC'S BAIR: HOPING TO HAVE INITIAL PLAN FOR LEGACY LOANS SALE PROGRAM BY JUNE

[09:32] {Threei}  {XLF}

[09:32] {nemo} legacy loan....nice euphemism

[09:32] {Threei}  WFC, watching for long if pulla back into .70 - .80 area

[09:32] {dino} stop to .91

[09:33] {magoo} aapl bounce somewhere vad?

[09:34] {dino} out .95, +.45

[09:34] {dino} reverse slip

[09:34] {Threei}  WFC getting there, want one more leg down

[09:34] {magoo} MS crushed vad

[09:35] {dino} nuva

[09:35] {ese} faz....is pissing me off.........L fitb 4.01   and the faz is driving it down

[09:35] {dino} s sm .08

[09:35] {Threei}  in .81

[09:35] {Threei}  wow... that was fast

[09:35] {Threei}  taken out at .99

[09:36] {magoo} missed

[09:36] {nemo} yep

[09:36] {fernp} too fast missed

[09:36] {dino} bstop to .28

[09:37] {Threei} Long Setup:  JPM  .20 half lot

[09:37] {nemo} stop

[09:37] {Threei}  stop under 32

[09:37] {nemo} stop?

[09:38] {dptl} in .23

[09:38] {magoo} in .20

[09:38] {nemo} in

[09:39] {Threei}  1:1

[09:39] {magoo} out .43 TY 

[09:39] {dptl} out .43 ty

[09:39] {fernp} out TY

[09:39] {Threei}  welcome

[09:39] {jfjf64} ty

[09:39] {tomg} ty vad

[09:39] {Threei}  LVS, what's up again

[09:40] {nemo} all out .50 ty

[09:40] {Threei}  :)

[09:40] {magoo} news

[09:40] {dino} nuva to b/e

[09:41] {dino} stopped +.05

[09:43] {magoo} lvsshort vad

[09:44] {Threei}  why?

[09:44] {dino} t l hl .95, stop lod

[09:45] {magoo} look why

[09:45] {magoo} red candle

[09:45] {Threei}  market red candle, LVS just follows

[09:45] {Threei}  no setup on its own

[09:46] {Threei}  and pointing to what happened later doesn't really answer question about reason, does it? {G}

[09:47] {vinod} out jpm 32.54 i am slow

[09:47] {Threei}  scary thing on quick morning plays on such volatile stock...

[09:48] {nemo} yeah that WfC play, wow...shoulda' entered onthe double bottom around 74, but such a fast play

[09:48] {vinod} i got to be careful because of work

[09:48] {Threei} Long Setup:  MS  half lot .45 break

[09:48] {jfjf64} fast fast

[09:49] {Threei}  that was my entry idea, nemo

[09:49] {nemo} in

[09:49] {dptl} in .48

[09:49] {magoo} in .43

[09:49] {Threei}  stops:

[09:49] {Threei}  for scalpers under .35

[09:49] {Threei}  for normal traders under .30

[09:50] {Threei}  wow WFC... what happened there

[09:50] {Threei}  MS baby

[09:50] {Threei}  1:1 for normal player

[09:50] {fernp} out TY

[09:50] {Threei}  not even speaking of pesky scalpers

[09:51] {chinggis} TY 3i

[09:51] {Threei}  welcome guys

[09:51] {dptl} out .60 ty

[09:51] {Threei}  I will get yelled at immediately but you know I have to ask

[09:51] {Threei}  can I go home?

[09:51] {nemo} NO!!!!!!!!!!!!

[09:52] {Threei}  lol

[09:52] {nemo} there...feel better

[09:52] {Threei}  out MS in full

[09:52] {Threei}  .72

[09:52] {jfjf64} 3i   in the house!!!!!!

[09:52] {magoo} out .66 ty

06[09:52] * Threei slaps magoo around a bit with a large roll of cash

[09:52] {ese} I like that handle chinggis....but it should have been  Chaaaa.....chinggg....gis.....to imitate the ole cash register

[09:52] {nemo} last name Khan?

[09:52] {chinggis} nope

[09:53] {Threei}  that's Chengis Khan reference I'd guess?

[09:53] {ese} good one....high fives all around

[09:53] {nemo} yes...know him personally

[09:53] {chinggis} yes

[09:53] {Threei}  powerful man

[09:53] {nemo} forgot, what was his birth name...Temusan?

[09:54] {chinggis} Temujin

[09:54] {nemo} thanks

[09:54] {chinggis} np

[09:56] {jfjf64} you sd tk ya wife to lunch  more often     lol

[09:56] {nemo} roflol

[09:57] {Threei}  well... one fine day I'll get raw fish poisoning...

[09:57] {dino}  darn nuva too tight

[09:58] {Threei}  let's keep an eye on CAT

[09:58] {Threei}  trading idea is .45 long

[09:58] {Threei}  but I don't want to jump on it just yet

[09:58] {Threei}  want a bit more of consolidation, holding above .30 and most importantly, market establishing upward direction

[10:00] {Threei}  *MARCH EXISTING HOME SALES: 4.57MM V 4.65ME

[10:00] {Threei}  okay... CAT makes it easy for me

[10:00] {Threei}  invalidated :)

[10:00] {jfjf64} k

[10:00] {nemo} could be a short shaping up

[10:00] {Threei}  - Total Months of supply months 9.8M v 9.7 months prior

[10:00] {Threei}  - Median Existing Home Price: 175,200$ v $165,400 prior

[10:00] {nemo} on CAT

[10:01] {Threei}  well, that would be a .30 breakdown

[10:01] {Threei}  but at the moment it wasn't all that clear

[10:03] {nemo} an there she goes

[10:03] {Threei}  numbers came, killed the market and helped establish direction

[10:03] {dino} 7791, 1317, 826

[10:04] {dino} prices rising homes

[10:04] {dino} surprised w/foreclosures

[10:05] {dino} sm l txn .00

[10:06] {dino} idcc sm l .60

[10:08] {Threei} Long Setup:  FAS 

[10:09] {Threei}  .13 - .15

[10:09] {Threei}  stop under .10 for scalpers

[10:09] {Threei}  under 7 for day trade

[10:10] {Threei}  scalpers have 1:1

[10:10] {Threei}  day traders have 1:1

[10:11] {nemo} you're already home, Vad...don't ask again

[10:11] {Threei}  DNDN at it again

[10:12] {magoo} AMZN vad..take a look

[10:12] {magoo} out fas .34 TY

[10:13] {Threei}  don't know what to say about AMZN

[10:13] {magoo} make something up lol

[10:13] {Threei}  81 break is obvius idea but I don't have firm grip on that

[10:13] {Threei}  I personally will skip that

[10:17] {magoo} i took 81

[10:17] {magoo} ty

[10:18] {Threei} Long Setup:  WFC  .45 break

[10:18] {magoo} out here .26

[10:18] {magoo} ty

[10:19] {magoo} in wells

[10:19] {Threei}  stop under .35

06[10:23] * Threei kicks WFC in the rear

[10:24] {Threei}  half out .57

[10:24] {dptl} out +.10 ty

[10:24] {nemo} out

[10:24] {Threei}  me getting greedy on Wells Fargo

[10:24] {Threei}  maybe pesky scalpers win again...

[10:25] {pita} out +.10 ty

[10:25] {Threei}  but there is some serious strength in this one

[10:25] {Threei}  want to give it a chance

[10:25] {dptl} it goes to 20 :)

[10:25] {nemo} dp is channeling mags

[10:25] {magoo} out here .63 TY

[10:26] {Threei}  that's from lala land... for now just trailing stop to b/e

[10:26] {Threei}  1/4 more out

[10:26] {Threei}  .65

[10:26] {Threei}  nemo

[10:26] {nemo} slipping vad...you didn't top tick

[10:26] {Threei}  please?

[10:26] {Threei}  can I?...

[10:27] {nemo} no

[10:27] {nemo} no

[10:27] {Threei}  sigh

[10:27] {nemo} no

[10:27] {magoo} allow me bosss.........

[10:27] {nemo} you left early yesterday

06[10:27] * magoo slaps nemo around a bit with a large trout

06[10:27] * magoo slaps nemo around a bit with a large trout

06[10:27] * magoo slaps nemo around a bit with a large trout

[10:27] {Threei}  so what... I had a lot of raw fish to eat

06[10:27] * nemo sticks out tongue because he ducked

[10:27] {Threei}  non of that trout btw

[10:28] {magoo} cAT

[10:29] {nemo} VAD  WFC looks like it might be setting up for a short

[10:31] {nemo} [10:29] {nemo} VAD  WFC looks like it might be setting up for a short

[10:32] {magoo} nice read nemo

[10:32] {Threei}  there is a point in repost or just bragging?

[10:32] {nemo} being an asshole

[10:32] {patience} hmmm....gold providing nice swings this week...good scalping opportunities vad, playing goldcorp, kinross

[10:33] {magoo} huh?

[10:33] {Threei}  let's compare notes than nemo... do you have to work hard on that or it comes to you naturally?

[10:33] {Threei}  for me it's very easy

[10:33] {nemo} You met me...what do you think...hmmmmmmmmm?

[10:33] {magoo} it comes easy for you vad to call me an asshole??

[10:34] {jfjf64} you guys too funnyyy

[10:34] {Threei}  you softened personal impression by that 5th jack daniels nemo {G}

[10:34] {Threei}  no magoo, but this does:

06[10:34] * Threei slaps magoo around a bit with a large trout

[10:35] {magoo} with a large trouts asshole lol

[10:35] {nemo} oh geeezzzz

[10:35] {Threei}  lol

[10:35] {magoo} CAT?

[10:35] {nemo} Guess Vinod had enough of the humor

[10:36] {magoo} feels like we missed it

[10:36] {Threei}  you think?

[10:36] {Threei}  lol

[10:36] {Threei}  didn't really see swtup on it

[10:37] {magoo} k

[10:40] {ese} does anyone here think that the market is moving in a bit more of an orderly fashion....no more violent swings like the last part of 09

[10:40] {ese} sorry 08

[10:40] {ese} or am i dreaming

[10:41] {nemo} vix is down significantly ese

[10:41] {dino} es, seems 200-300 dailies average dji, vs. 400-700

[10:41] {ese} yes.....just looked at it.....

[10:41] {dino} ranges

[10:41] {ese} and most of the stuff i'm following seems orderly

[10:42] {ese} ya ...thats a good way to look at it dino

[10:42] {dino} also s/p stuck in 825-875 range all month

[10:43] {ese} yes

[10:43] {dino} most likely fill fri gaps 1353 and 869, then down again to 1300 825 (800 gap )

[10:45] {magoo} SIGHHHHHHH

[10:45] {magoo} i miss the down 300 reversals to up 400 

[10:47] {_xangelx} lol

[10:49] {Threei}  you are too much of a gambler mags

[10:49] {Threei}  but then again... what else is new

[10:58] {nemo} stealth climbs in wfc fas jpm

[10:58] {dptl} .23 long fas? or .13 short?

[10:58] {nemo} against the indexes too

[10:59] {Threei}  long looks a bit more plausible to me, but it's like 51/49

[11:00] {nemo} need indexes?

[11:01] {Threei}  BARCLAYS MAKING POSITIVE COMMENTS ON SOLAR ENERGY NAMES

[11:01] {Threei}  C

[11:01] {Threei}  TO SHUT PRIVATE EQUITY FUND-RAISING OPERATION

[11:01] {Threei}  - WSJ

[11:01] {Threei}  wow

[11:08] {nemo} funny....look at last paragraph: http://www.ritholtz.com/blog/2009/04/the-power-of-tds/

[11:09] {nemo} hey mags, shouldn't you be doing something?

[11:14] {jfjf64} guess it was.13 shoert fas   lol

[11:14] {dino} v sm vmw l .10

[11:17] {pita} double bottom FAS?

[11:18] {Threei}  quite possible

[11:18] {Threei}  what I'd like to see to go for it would be:

[11:18] {Threei}  touch on .10, pulback,

[11:18] {Threei}  staying firmly above the low,

[11:19] {Threei}  desirable above .05

[11:19] {Threei}  couple min of consolidation,

[11:19] {pita} roger that

[11:19] {Threei}  then break of .10 for long entry

[11:20] {Threei}  so far so good

[11:21] {pita} missed or pullback?

[11:22] {Threei}  don't chase but if pulls back into buy zone, take it

[11:22] {Threei}  US LIGHT VEHICLE SALES DOWN 33% SO FAR IN APRIL Y/Y

[11:22] {Threei}  really?

[11:23] {Threei}  I thought it were SUVs and tracks that constituted the problem

[11:23] {Threei}  1:1 FAS

[11:23] {nemo} what?

[11:23] {Threei}  who took it take profit

[11:23] {Threei}  what what?

[11:23] {nemo} did you take it Vad?

[11:23] {Threei}  yes

[11:24] {nemo} I thought you were looking for pullback?

[11:24] {Threei}  ummm

[11:24] {pita} moved too fast 

[11:24] {Threei}  did you watch the stock?? :)

[11:24] {jfjf64} ummm

[11:24] {nemo} obviously not well enough

[11:25] {Threei}  it moved a few times between .06 and .09

[11:25] {ese} signing off for an hour or so....have to teach a class...... see ya

[11:25] {Threei}  consolidation was not as long as I'd like it to be

[11:25] {Threei}  take care ese

[11:25] {Threei}  so it made it kind of discretionary

[11:25] {Threei}  and limited potential to scalp only

[11:25] {fernp} I took BAC following your FAS indications. +.10 TY

[11:26] {Threei}  that's hwy no half out, just straightforward take profit call

[11:26] {jfjf64} well understood

[11:26] {Threei}  fern :)

[11:26] {Threei}  BAC pretty much mirrored same scenario, yeah

[11:27] {nemo} WFC has broken range

[11:32] {Threei}  Off topic:

[11:32] {Threei}  The only thing worse than an idiot is an idiot with initiative

[11:33] {nemo} prez speaking again?

[11:33] {Threei}  lol... not that I know

[11:35] {fernp} lol

[11:40] {Threei}  Study says memory improves on rainy days. People score significantly hgiher on memory tests on rainy cloudy days that they do on bright sunny days.

[11:40] {Threei}  now... when was the last rainy day, I can't remember...

[11:40] {nemo} is that the "idiot with initiative" reference?

[11:41] {Threei}  no

[11:41] {Threei}  unrelated

[11:41] {nemo} who's the "idiot"?

[11:41] {Threei}  gosh... there are so many of them, why don't you pick your own candidate

[11:42] {nemo} I was referring to your comment...you obviously had someone in mind?

[11:42] {Threei}  it's not like we have such short supply of those that you need me to pount out specific one

[11:42] {nemo} fine

[11:42] {Threei}  consider it thinking out loud...

[11:43] {Threei}  but I guess the e-mail that provoked that line of thought was the one I got

[11:43] {Threei}  comparing anti-crisi action of two administrations

[11:43] {Threei}  let me copy

[11:43] {Threei}  Old face had no idea what to do, realized that and tried to do as little as possible. New face has no idea what to do, doesn't realize that and tries to do a lot.

[11:44] {dino}  ands

[11:44] {Threei}  looks like direction is getting established

[11:45] {Threei}  still a bit iffy but if you are itching for action,

[11:45] {Threei}  WFC pullback into .20 should be a long entry

[11:46] {Threei}  FAS .20 break worth a try if stays above .15

[11:48] {dptl} wfc stop would be .15?

[11:49] {Threei}  you in?

[11:49] {dptl} no not yet

[11:49] {Threei}  can't tell in advance, I need to see how it sets up

[11:49] {Threei}  if it does

[11:49] {dptl} ok

[11:50] {Threei}  IMF'S STRAUSS KAHN: COULD DISCUSS SDR IN NEAR FUTURE; STILL WORKING ON ALLOCATIONS

[11:50] {Threei}  who pays his salary?

[11:50] {dptl} fas still valid?

[11:51] {Threei}  not until it goes through new consolidation

[11:55] {dptl} in fas

[11:55] {nemo} FITB?

[11:56] {Threei}  no read

[11:57] {dptl} nope stopped

[11:57] {nemo} indices keeled over

[11:58] {Threei}  CME

[11:58] {Threei}  COMPETITION WITH ICE OVER CDS CLEARING IS NOT YET OVER

[11:58] {Threei}  {ICE}

[12:02] {jfjf64} vad   still  wfc bounce off .20

[12:03] {jfjf64} i was away from computer

[12:05] {Threei}  not sure

[12:05] {Threei}  things slowed down too much

[12:10] {nemo} anybody awake?

[12:11] {Threei}  why?

[12:11] {Threei}  or, what for?

[12:16] {dino}  zzzzzzzzzzzzzzzzzzzz

[12:22] {nemo} what happened

[12:23] {Threei}  no idea, don't see anythbing anywhere

[12:27] {jfjf64} zzzzzzzzzzz

[12:28] {nemo} financials aren't moving but WFC is

[12:28] {Threei}  WFC strength is remarkable

[12:29] {nemo} ohoh...there we go again

[12:29] {Threei}  scared yet?

[12:29] {nemo} oh yeah

[12:29] {Threei}  SENATORS DODD AND SCHUMER SEND LETTER TO BERNANKE SEEKING CREDIT CARD RATE FREEZE -CNBC

[12:29] {Threei}  - reminder: President Obama is meeting with credit card executives today at 1pmET

[12:29] {Threei}  you well should be

[12:30] {Threei}  and when you find out you start thinking in unison woth magoo too - that's it

[12:30] {nemo} yeah...those F#@$%!s jacked my rates a couple of weeks ago

[12:30] {jfjf64} smartest thing i heard   bout  time    crooks

[12:31] {nemo} Magoo...think like him....damn...I'll have to get a double barrel

[12:32] {magoo} or a compound bow

[12:32] {nemo} WFC short trap???

[12:32] {Threei}  so far, obviously

[12:33] {nemo} I mean right now...MMmmmhhhh....guess I'm going for your title

[12:33] {Threei}  don't

[12:34] {Threei}  I have enough competition from all the talking heads

[12:34] {Threei}  all I have left to me in the "stating the obvious" department is Sun ususlly rises in the morning and at East

[12:34] {nemo} Awwww....I can see the big "CO" sown on the front of my jersey now....what color is your cape?

[12:35] {magoo} feels like ive been sitting here for 4 1/2 hours

[12:35] {Threei}  you were

[12:35] {Threei}  that;s why it feels like that

[12:36] {nemo} guess it wasn't a trap

[12:36] {Threei}  FAS is questionable, but WFC pullback into .40 is probably worth a try

[12:37] {Threei}  wait

[12:37] {Threei}  news

[12:37] {Threei}  WFC REPORTED CALIFORNIA AG TO HOLD PRESS CONF LATER TODAY TO ANNOUNCE SUIT AGAINST WFC

[12:37] {nemo} so now it climbs

[12:37] {Threei}  no idea how significant it is

[12:43] {nemo} possible DT on WFC (not alcohol withdrawal related)

[12:52] {jfjf64} wfc??

[12:54] {nemo} am I back?

[12:57] {nemo} am I back?

[12:57] {magoo} nope

[12:59] {nemo} I have the strangest hallucinations...more psilocybin

[13:03] {_xangelx} you guys don't trade during lunch time?

[13:03] {nemo} less

[13:03] {_xangelx} oh

[13:04] {_xangelx} what time you guys start to trade again?

[13:04] {nemo} when the setups occur.  The ranges during lunch tend to be smaller, so the confidence lower.  You'll see more pullback plays during lunch than breakouts

[13:04] {magoo} when a valid setup appears, we trade

[13:05] {magoo} just happens lunch usually slow

[13:05] {nemo} Actually Magoo's probably trading right now

[13:06] {_xangelx} cool

[13:13] {dino} yes we do

[13:27] {nemo} WFC?

[13:28] {Threei}  feels to be preparing a new ssqueeze to me

[13:28] {Threei}  but I don't see a setup

[13:33] {Threei}  probably bounce-ready

[13:33] {Threei}  for a scalp

[13:33] {Threei}  .51 long if stays above .45

[13:35] {magoo} in

[13:36] {nemo} in

[13:41] {magoo} out

[13:41] {magoo} no like

[13:41] {Threei}  traitor

[13:42] {Threei}  holding nicely, maybe even worth more than scalp if moves

[13:42] {vinod} in.0.52

[13:42] {Threei}  need FAS to bounce finally

[13:43] {vinod} my stop is at 0.45

[13:43] {Threei}  just under

[13:44] {vinod} o.k change it to o.47

[13:44] {Threei}  even if all FAS does is just a move to .40, it should be enough for WFC to go to about .65 - .70

[13:44] {Threei}  huh?

[13:44] {Threei}  to .44 you mean?

[13:44] {dptl} lol

[13:44] {vinod} sorry made mistake now is 0.40

[13:45] {Threei}  EU'S ALMUNIA: EUROPE WILL SUFFER MORE IN THE SHORT TERM THAN THE US DUE TO CRISES; SHOULD NOT UNDERESTIMATE THE EUROPEAN STIMULUS THAT HAS ALREADY BEEN APPROVED

[13:45] {Threei}  - Notes that the US economy will react more quickly to the stimulus than the EU's economy

[13:45] {vinod} i did 2 very good trade here vad

[13:45] {Threei}  :)

[13:45] {Threei}  no worky WFC

[13:46] {vinod} well, there is always next one

[13:56] {chinggis} ebay?

[13:57] {Threei}  no read on it here

[13:57] {chinggis} ok ty

[13:58] {magoo} if IF mkt can rip up i like AMZN long

[14:00] {nemo} Mmmmmh, if ebay can't break that high, could be a good short considering how much it's already up the last two days

[14:00] {Threei}  (US) WHITE HOUSE ADVISOR VOLKER: REITERATES THAT THE US AND WORLD ARE EXPERIENCING A "GREAT RECESSION"

[14:00] {Threei}  - does not believe that some banks are "too big to fail."

[14:01] {Threei}  WHITE HOUSE ADVISOR VOLKER: I am very proud of this new term I just coined

[14:01] {nemo} GLW Vad

[14:01] {vinod} recession is recession what so great about it

[14:01] {Threei}  what about GLW?

[14:01] {Threei}  US PRESIDENT OBAMA: CREDIT CARD INDUSTRY SHOULD ISSUE 'PLAIN VANILLA' CREDIT CARDS; NEED MORE PROTECTION FOR CONSUMER WITH MORE OVERSIGHT

[14:01] {vinod} GLW i have plenty of that

[14:02] {nemo} guess that answers it

[14:02] {nemo} Oh yeah, your wife

[14:02] {Threei}  US ADVISOR VOLCKER: SMALLER BANKS A 'GOOD IDEA'

[14:02] {nemo} Not sure I can disagree with Obama on that.  The interest rate isn't really the interest rate on those things

[14:06] {Threei}  US PRESIDENT OBAMA

[14:06] {Threei}  - Remarks that Congress will take action on abuses

[14:06] {Threei}  - Asks for ban on 'unfair rate increases'

[14:06] {Threei}  one thing I don't get

[14:07] {Threei}  are credit card issuers private businesses (well, public if they trade on exhcnages) or are they in any way under government control?

[14:08] {Threei}  whatever they do, fair or unfair, as long as it is legal - how can government tell busienss what to do?

[14:09] {Threei}  this precedent looks more dangerous to me than anything V or AXP could do

[14:10] {Threei}  you GM make these cars and not those; you AXP charge these rates and not those

[14:10] {Threei}  should I expect an order which stocks to call?

[14:10] {jfjf64} hmmmmm

[14:10] {Threei}  seriously, where does it end?

[14:11] {Threei}  US OFFICIAL: CONFIRMS BANKS TO RECEIVE STRESS SUPERVISORY RESULTS TOMMOROW

[14:11] {Threei}  - Notes that during comment period post release of results discussions may not include strength of banks and ability to repay TARP

[14:11] {nemo} the commisar's office

[14:17] {dino} wait until they say you can no longer sell stocks

[14:17] {dino} only buy

[14:17] {jfjf64} lol

[14:17] {Threei}  yup, that would solve problem with falling markets

[14:18] {jfjf64} mess

[14:19] {Threei}  WFC you bastard

[14:20] {vinod} buy stock on uptick only

[14:20] {jfjf64} here comes ya .70

[14:29] {Threei}  yeeeahh

[14:29] {Threei}  sigh

[14:30] {nemo} here's hoping for another 3:00 sleigh ride

[14:39] {magoo} .

[14:39] {nemo} wfc closes the gap

[14:42] {magoo} wtf

[14:45] {Threei}  BAC

[14:45] {dino} .

[14:46] {Threei}  pullback entry, .60 - .70 area for now

[14:46] {Threei}  will try to nail it more precisely if it gets there

[14:52] {wulff} anyone out there?

[14:53] {Threei}  only the truth

[14:53] {nemo} Thanks Mulder

[14:53] {magoo} and u cant handle the truth

[14:53] {Threei}  but it's out there

[14:54] {nemo} You want me on that wall!  You need me on that wall!

[14:59] {Threei} Long Setup:  HIG  .76

[15:00] {Threei}  NY FED: FED ASSETS AT DEC 2008 $2.25T V $1.33T Y/Y

[15:01] {nemo} Oh jeez

[15:01] {pita} BAC?

[15:02] {Threei}  can't tell yet... needs more selling it feels

[15:02] {Threei}  HIG invalidated

[15:02] {i2romantis} FITB is holding ground

[15:07] {Threei}  US TREASURY SEC GEITHNER TO REPORTEDLY COMMENT THAT WORLD NEEDS GROWTH NON DEPENDENT ON US CONSUMER

[15:07] {Threei}  can anyone take the mike from that guy?

[15:08] {dptl} have a good evening all

[15:09] {jfjf64} enjoy

[15:09] {Threei}  take care dp

[15:09] {magoo} bye dp

[15:13] {nemo} So, Vad, when do you think FAS will overtake FAZ again?

[15:14] {Threei}  shrug

[15:14] {nemo} shrug

[15:14] {Threei}  what makes you think I have anythought about that

[15:14] {nemo} BAC bottoming

[15:14] {nemo} That's why I asked

[15:19] {magoo} NUE clubbed

[15:19] {Threei}  do we get a repeat of yesterday?

[15:19] {nemo} instead of long anything, short anything?

[15:20] {Threei}  do ou see any short setups?

[15:20] {nemo} nah...that would be too easy

[15:20] {nemo} What's Dino's opinion?

[15:21] {dino} dk

[15:21] {nemo} wn?

[15:22] {Threei}  be back in 20

[15:22] {nemo} huh?

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

[15:24] {jfjf64} keep gettin kicked off server    lol

[15:27] {jfjf64} eveybody sleepin

[15:27] {nemo} no

[15:28] {jfjf64} k

[15:28] {cosmo} NTGR tests 14.99 ....often..

[15:28] {nemo} look at those sell orders stacked up against the bids...could be fakes

[15:29] {nemo} whaddya' think cosmo?

[15:29] {cosmo} nuttin

[15:29] {nemo} honey

[15:29] {cosmo} its....resistance

[15:30] {nemo} Great Wall of China

[15:30] {cosmo} no

[15:30] {nemo} just being hyperbolic

[15:30] {cosmo} could slip thru

[15:31] {nemo} they could be fakes

[15:31] {cosmo} always

[15:32] {nemo} worth it if Qs turn up and it breaks 15

[15:32] {cosmo} its waiting...yes

[15:32] {magoo} AXP risky reports

[15:32] {nemo} game cosmo?

[15:32] {magoo} long .70

[15:32] {magoo} thginking over 21

[15:33] {magoo} stop .43

[15:33] {nemo} ballsy mags

[15:33] {magoo} hmmmmmm

[15:34] {nemo} oy

[15:34] {nemo} Vad getting his hair done or something?

[15:34] {cosmo} hmmm

[15:34] {jfjf64} hmmmm

[15:35] {magoo} hhhhhhhhhmmmmmmmmmm

[15:35] {nemo} what?

[15:35] {cosmo} .89 stop

[15:35] {nemo} don't do it

06[15:35] * nemo ducks

[15:35] {nemo} look at that pileup @15

[15:36] {cosmo} its faked

[15:37] {nemo} when they report cosmo?

[15:37] {nemo} interesting

[15:38] {cosmo} you mean ... fundamentals?

[15:38] {nemo} earnings

[15:39] {cosmo} too much stress...

[15:39] {nemo} they reported yesterday

[15:39] {cosmo} ah ...yea .. they beat

[15:39] {nemo} those orders are staying

[15:39] {cosmo} see better ahead too

[15:40] {cosmo} wall too

[15:40] {magoo} axp held barely

[15:40] {magoo} strill in

[15:44] {magoo} 2:1 axp

[15:44] {magoo} still in

[15:45] {nemo} how do you get 1:2 on .70 w stp at .43 when the stock hits .95?

[15:46] {magoo} i never read vads book lol

[15:46] {cosmo} NTGR....melt down that wall!

[15:46] {nemo} ohhh

[15:46] {nemo} it keeps getting higher

[15:47] {magoo} i cxalled 21

[15:47] {nemo} you out?

[15:47] {magoo} nope

[15:47] {magoo} i may tho

[15:48] {magoo} grrrrrr

[15:48] {nemo} you've got a double top in stochastics, a tweezer top, and hanging cloud cover

[15:48] {magoo} and an earnings report

[15:49] {magoo} .97 exit

[15:49] {magoo} waiting

[15:49] {nemo} Well, AXP was paying people $300 to close their accounts

[15:50] {nemo} Vad's probably sitting there thinking, "listen to these idiots."

[15:50] {nemo} not you Dino

[15:50] {magoo} HEY

[15:51] {Threei}  WFC...

[15:51] {Threei}  does it or does it not

[15:51] {nemo} Sorry Mags...told ya

[15:52] {Threei}  starts looking like we gap up tomorrow

[15:52] {nemo} almost mags

[15:52] {magoo} .97 prints

[15:52] {nemo} out?

[15:52] {magoo} no

[15:52] {magoo} 21.11 wait

[15:53] {magoo} OUYTTTTTTTTTTTTT

[15:53] {magoo} OUT'

[15:53] {nemo} gj

[15:53] {magoo} 2:1???

[15:53] {magoo} [15:46] {nemo} how do you get 1:2 on .70 w stp at .43 when the stock hits .95?

[15:53] {magoo} [15:47] {magoo} i never read vads book lol

[15:53] {nemo} not quite

[15:54] {nemo} would have had to be .24

[15:54] {magoo} it printed 28

[15:55] {nemo} what did you get out on?

[15:55] {magoo} .11

[15:55] {magoo} +.41 right??

[15:55] {nemo} stock hit 1:2 you had a .27 stop

[15:55] {magoo} u confusing me

[15:56] {magoo} he he

[15:56] {Threei}  which shouldn't be too hard to do

[15:56] {nemo} [15:32] {magoo} long .70

[15:56] {nemo} [15:32] {magoo} thginking over 21

[15:56] {nemo} [15:33] {magoo} stop .43

[15:56] {magoo} did i majke a good call or WHAT?

[15:56] {nemo} absotutely

[15:57] {jfjf64} nice   magootraders.com

[15:57] {Threei}  WFC...

[15:57] {Threei}  this thing will be even higher tomorrow

[15:57] {Threei}  barring news of course

[15:57] {dino}   out vmw .90-.20

[15:57] {nemo} stress test results tomorrow

[15:57] {pita} Is that an overnight call?

[15:57] {Threei}  stree test May 4

[15:58] {Threei}  no pita

[15:58] {magoo} tomorrows may 4th??

[15:58] {dino} out idcc .90, +.30

[15:58] {magoo} f'in JPM

[15:58] {pita} Looking for a "bet the ranch" call - need to get even soon.  :)

[15:58] {magoo} missed

[15:59] {magoo} OY..never worx pita

[15:59] {magoo} TRUST ME

[15:59] {magoo} CRUSHED

[16:00] {magoo} DEAD

[16:00] {pita} yeah, I know only too well....

[16:00] {magoo} HATCHI

[16:00] {Threei}  okay guys, thank you all

[16:00] {magoo} VAD

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {magoo} amzn reports staty putr

[16:00] {pita} see u tomorrow.

[16:00] {Threei}  okay

[16:00] {magoo} plus others vad

[16:00] {magoo} 10 pointer 

[16:00] {magoo} careful..no way to tell

[16:01] {nemo} light volume day

[16:01] {magoo} i NOT IN AMZN..but bet u vad a big mac UP

[16:01] {fernp} Good evening all. see you tomorrow

[16:01] {nemo} gnite

[16:02] {magoo} DECK

[16:04] {Threei}  EPORTS Q1 $0.41 V $0.31E,

[16:04] {magoo} amzn WOW

[16:04] {magoo} saw 82

[16:04] {magoo} POW

[16:04] {Threei}  Guides Q2 Revenues $4.3B-$4.75B v $4.6Be; Guides Operating income $M{QQQQ EBAY}

[16:05] {Threei}  R$4.89B V $4.75BE

[16:05] {Threei}  Guides Operating income $110M-$190M

[16:05] {Threei}  NFLX

[16:05] {Threei}  REPORTS Q1 $0.40 V $0.31E,

[16:06] {Threei}  RMBS

[16:06] {Threei}  REPORTS Q1 -$0.17 V -$0.39E, R $27.3M V $28.4ME

[16:06] {Threei}  JNPR

[16:06] {Threei}  REPORTS Q1 $0.17 V $0.17E, R$764.2M V $764ME

[16:11] {Threei}  MSFT

[16:11] {Threei}  REPORTS Q3 $0.33(INCL $0.06 IN SEVERANCE) V $0.39E, R $13.65B V $14.09BE

[16:13] {Threei}  MSFT moves up on that

[16:13] {Threei}  that

[16:13] {Threei}  s serious

[16:13] {magoo} man

[16:13] {nemo} and you thought the markets were rational...sheesh

[16:13] {Threei}  not me

[16:13] {magoo} beer dino??

[16:14] {Threei}  not since 1997

[16:14] {nemo} vodka vad?

[16:14] {patience} white wine patience?

[16:14] {nemo} Riesling?

[16:14] {Threei}  lightweights

[16:14] {Threei}  look at MSFT

[16:15] {nemo} OMFG!

[16:15] {Threei}  I have some Glenlivet

[16:15] {nemo} Niiiiiceeeeee

[16:18] {Threei}  and I am home alone

[16:18] {Threei}  till tomorrow

[16:18] {magoo} we are with ya

[16:18] {nemo} So, you have a problem drinking alone

[16:18] {Threei}  absolutely not

[16:18] {magoo} i am truly drinkin now

[16:21] {nemo} I'm goig to pour myself one

[16:22] {magoo} its an afterhr tradition

Apr 22 2009

Not overly active but nicely profitable day. We got the idea of the day right and early, and utilized it qith a few trades on FITB, FAS and JPM.

Session Time: Wed Apr 22 00:00:00 2009

[07:58] {cosmo} DNDN Raised To Buy From Neutral By Merriman

[07:58] {cosmo} fwiw

[08:01] {Threei}  JPM

[08:01] {Threei}  REPORTS Q1 -$0.01 V $0.01E, REV $106.8M V $109.7ME

[08:01] {Threei}  morning cosmo

[08:01] {cosmo} :)

[08:02] {Threei}  hmmm

[08:02] {Threei}  sorry, wrong symbol

[08:02] {Threei}  JPN

[08:02] {Threei}  here comes MS

[08:02] {Threei}  REPORTS Q1 -$0.57 V -$0.08

[08:02] {Threei}  CUTS DIVIDEND TO $0.05/SHARE

[08:03] {Threei}  ($0.27/SHARE PREVIOUS)

[08:03] {nemo} hello

[08:03] {Threei}  nemo :)

[08:04] {Threei}  WFC earlier

[08:04] {Threei}  REPORTS Q1 $0.56 V $0.41E, R $21.0B V $19.37BE

[08:04] {Threei}  - New Loans $175B

[08:04] {Threei}  - Operating margins with consolidated net interest margin of approximately 4.1% and efficiency ratio of approximately 56%

[08:04] {Threei}  - Combined net charge-offs of $3.3B v $2.8B at legacy Wells Fargo q/q v $3.3B at legacy Wachovia

[08:04] {Threei}  - Provision expense of approximately $4.6B, including $1.3B credit reserve build, bringing the allowance for credit losses to $23B

[08:04] {Threei}  - Pre-tax pre-provision profit of approximately $9.2B.

[08:04] {Threei}  - Wachovia merger exceeded expectations in Q1, affirms $5B in annual merger savings

[08:04] {Threei}  - TCE forecasted at 3.1%

[08:05] {nemo} what's that doing to the stock this morning considering they preannounced?

[08:05] {magoo} l;srujrrsghsrhsrej

[08:05] {Threei}  unless there is some new information, not much

[08:05] {Threei}  magoo :)

[08:05] {Threei}  back to MS

[08:06] {Threei}  R $3.04B V $5.01BE;

[08:06] {nemo} Acting had of Freddie Mac commits suicide

[08:06] {magoo} 3/5th of estimate?

[08:06] {Threei}  yeah

[08:07] {Threei}  interesting... MS more honest or worse managed than others?

[08:07] {magoo} u thinking FAZ ?

[08:07] {Threei}  not sure

[08:07] {Threei}  gap down is not deep

[08:07] {Threei}  could be a bear trap

[08:07] {magoo} WFC not good either, correct?

[08:08] {Threei}  - Total AUM $356B v $546B q/q

[08:08] {Threei}  well, WFC largely repeted results from pre-announcement as far as I remember

[08:09] {Threei}  if there is something new in their report, I would have to go back and dig old one and compare

[08:09] {Threei}  and I am to lazy for that

[08:11] {magoo} what arewe talking about again/ {lol}

[08:12] {Threei}  - Institutional Securities net revenues $167M v $844M q/q

[08:13] {Threei}  - Global Wealth Management revenues of $73M v $1.42B q/q

[08:13] {Threei}  - Investment Banking revenues $886M v $788M q/q

[08:13] {Threei}  same pattern... more money is made by trading

[08:13] {Threei}  losses in other fields

[08:16] {Threei}  - Equity sales and trading net revenues $900M v -$2.32B q/q

[08:17] {Threei}  04/22/09 07:55am

[08:17] {Threei}  [FRE] Freddie Mac Reportedly the acting CFO Kellerman has been discovered dead - unconfirmed report

[08:17] {Threei}  - Initial reports suggest it was suicide

[08:17] {Threei}  - Confirmed by CNBC

[08:18] {magoo} hammering MS now

[08:21] {Threei}  - Asset Management experienced a pre-tax loss of $0.6B as losses on real estate principal investments

[08:21] {Threei}  - Firm achieved headcount reductions of 5% during the quarter and lowered non-compensation expenses 9% from last years first quarter and is on track to achieve its previously announced annual cost savings target of $2B.

[08:30] {Threei}  (CA) CANADA MAR LEADING INDICATORS M/M: -1.3% V -0.8%E

[08:30] {Threei}  Prior MoM revised from -1.1% to -1.4%

[08:31] {Threei}  WFC EXEC: PROFITS IN Q1 WERE RECORD EVEN AFTER $600M IN PREFERRED SHARE DIV PAYMENTS -CONF CALL

[08:31] {Threei}  - Organic growth at firm was driven by existing, long term business model

[08:32] {pita} morning all

[08:33] {Threei}  pita :)

[08:33] {cosmo} PPDI

[08:34] {cosmo}  PPDI) said it has completed the acquisition of AbC.R.O., Inc., a

[08:34] {cosmo} contract research organization operating in Central and Eastern Europe.

[08:52] {Threei}  DNDN... any slightest blip with FDA, scared to even think how far this thing can drop

[08:52] {Threei}  (US) TREASURY SEC GEITHNER: POLICY MAKERS WILL NEED TO ADOPT STRATEGY TO A GLOBAL VIEW

[08:52] {Threei}  - Must be positive that scale of support for operations be broad

[08:52] {Threei}  - IMF expects the world economy to contract by 1.3% in 2009

[08:52] {Threei}  - Global economy needs the US economy to recover

[08:52] {Threei}  they still haven't decoupled?

[08:52] {Threei}  too bad

[08:53] {Threei}  tongue in cheeck comment of course... remember all those decoupling theories?

[08:53] {Threei}  as if you could take the biggest economy/consumer out of the equation and the rest could function asd if nothing happened

[08:54] {dptl} good morning all

[08:54] {Threei}  dp :)

[08:57] {fernp} Hello everybody

[08:59] {Threei}  fern :)

[09:06] {Threei}  (US) US TREASURY SEC GEITHNER: CANNOT EASE UP ON RECOVERY EFFORTS TOO EARLY - Q&A

[09:06] {Threei}  of course not

[09:07] {Threei}  noty until last trillion is spent

[09:07] {Threei}  as long as there are trillions to waste - wasted they must be

[09:09] {dino} gm all

[09:10] {Threei}  dino :)_

[09:15] {ese} morning vad.....new visa has arrived......just have to activate it.....and I can stay with you....whewwwwwww!(wiping sweat from forehead and brow)

[09:15] {Threei}  ese :)

[09:16] {Threei}  if you have any questions, please forward them to info@realitytrader.com

[09:16] {ese} tks

[09:20] {dino} ilmn beats and drops

[09:21] {Threei}  ahh, my favorite kind of annoucement:

[09:21] {Threei}  YSD/CNY

[09:21] {Threei}  TREASURY SEC GEITHNER: HAS NOTHING TO ADD TO LAST WEEKS CURRENCY REPORT ON ISSUE OF YUAN

[09:21] {ese} naturally

[09:21] {cosmo} yawn

[09:21] {Threei}  we report that there is no news to report

[09:21] {nemo} looks like FAS might be setting up for a pop

[09:21] {Threei}  WFC CFO: HAVE HIRED 5,000 EMPLOYEES FOR MORTGAGE PROCESSING - PRESS INTERVIEW

[09:22] {Threei}  GS

[09:22] {Threei}  CALYON INITIATES GS WITH SELL, PRICE TARGET: $113.00

[09:22] {Threei}  - Mike Mayo call

[09:22] {ese} fas or faz

[09:22] {Threei}  {GS} Mike Mayo you said? okkkaaayyy....

[09:24] {ese} aapl's up....whats hapening there?

[09:25] {ese} never mind got it....reporting at end of the day

[09:25] {Threei}  04/22/09 08:13am

[09:25] {Threei}  [AAPL] Apple Inc Piper out reccomending Buying stock ahead of earnings due after the close today, citing iPhone upside growth

[09:25] {Threei}  - Piper saying they are increasingly confident in its 3.7M iPhone shipment estimate

[09:26] {ese} brave statement

[09:26] {Threei}  that's you piper... little brave soldier

[09:27] {Threei}  in old times when MMs actually showed their faces on level 2, we would see PIPR at the offer all day, lol

[09:28] {magoo} man, to recommend buy AHEAD..aapl gonna swing 15 points

[09:29] {jfjf64} mornin all

[09:29] {jfjf64} game on

[09:29] {Threei}  jf :)

[09:30] {Threei}  OBAMA OFFICIALS TO URGE CONGRESS TO PASS LEGISLATION CAPPING U.S. GREENHOUSE GAS EMISSIONS - WSJ

[09:31] {cosmo} sigh

[09:31] {nemo} they ought to put a cap in...errr....cap him

[09:31] {Threei}  04/22/09 09:00am

[09:31] {Threei}  [SPWRA] SunPower Corporation Exelon and SunPower to develop 10MW urban solar power plant

[09:31] {Threei}  - Exelon and SunPower Corp. have signed an agreement to develop the nation's largest urban solar power plant at a former industrial site on Chicago's South Side. The 10MW solar photovoltaic (PV) facility is scheduled for completion by the end of this year.

[09:32] {nemo} wow, FAS/FAZ haven't been this subdued on the open in a long time

[09:32] {Threei}  - The $60M project is contingent upon Exelon receiving a federal loan guarantee under the recently passed federal stimulus legislation formally known as the American Recovery and Reinvestment Act, which includes provisions for investment in green jobs and emissions reduction. Exelon is seeking a loan guarantee for up to 80% of the project cost from the U.S. Department of Energy Loan Guarantee Program Office (LGPO).

[09:32] {Threei}  feels to me like FAS is getting ready for upswing

[09:33] {Threei}  ugh

[09:33] {Threei}  too fast

[09:33] {Threei} Long Setup:  FITB  .61 - .62

[09:33] {nemo} [09:21] {nemo} looks like FAS might be setting up for a pop

[09:33] {Threei}  stop for scalpers under .55

[09:33] {Threei}  for day trade under .50

[09:34] {magoo} in

[09:34] {nemo} in

[09:34] {dptl} in.62

[09:35] {Threei}  1:1 for hardcore scalpers

[09:35] {dptl} half out

[09:35] {fernp} ty Vad

[09:35] {Threei}  1:1 for daytrade

[09:35] {Threei}  half out .73

[09:35] {ese} l fitb

[09:36] {dptl} out more .75

[09:36] {Threei}  04/22/09 08:10am

[09:36] {Threei}  [BRCD] Brocade Communications Systems Inc. Goldman Sachs Raised BRCD to Buy from Neutral, price target: $6.50

[09:36] {Threei}  - Added to Conviction Buy List

[09:36] {ese} .70 out .76 +.06

[09:36] {Threei}  1:2 for daytrade

[09:37] {nemo} out ty

[09:37] {dptl} all out .84 ty

[09:37] {Threei}  out in full .90

[09:37] {nemo} .86

[09:37] {Threei}  ese... why in .70??

[09:37] {Threei}  call was .61 - .62

[09:37] {pita} nice call

[09:37] {Threei}  and was available easily

[09:37] {nemo} he's happy over his visa

[09:37] {jfjf64} ty gm on!!!

[09:38] {Threei}  almost 30 cents in minutes on a small liquid stock allowing for a big lot...

[09:38] {Threei}  can I go home?

[09:38] {nemo} NO!

[09:38] {nemo} you are home

[09:38] {Threei}  BRCD...

[09:38] {ese} could see faz really tanking o thought that it was reasonable

[09:39] {Threei}  this one has markings of a slw climber

[09:39] {ese} missed your call basicailly   was looking at something else

[09:39] {nemo} thanks ese, makes me feel better

[09:39] {Threei}  sniff sniff

[09:39] {Threei}  BRCD, 5 break worth a try

[09:40] {Threei}  let's see where it bottoms out before breaking

[09:40] {Threei}  4.90 loss is invalidating event

[09:40] {Threei}  friking FAS

[09:40] {ese} and as i look at it......lousy fill ...was looking at .67.....too many of you all ahead of me

[09:40] {magoo} out .82 TY vad

[09:41] {magoo} was on phone

[09:41] {Threei}  feeling that it was going to jump off 7 was so strong

[09:41] {magoo} look up winner

[09:41] {Threei}  and it moved tooo much while I typed

[09:42] {Threei}  ese... your broker gives you nice commissions with flat fee for big shares, no questions about it

[09:42] {nemo} RIMM bolted out of the gate too

[09:42] {Threei}  but lousy executions overweigh this advanrtage I am sure

[09:42] {Threei}  with small stocks/big lots every cent means a lot

[09:43] {Threei}  simple math:

[09:43] {nemo} let me take my shoes off

[09:43] {Threei}  10K shares, 3 cents lost on bad execution,

[09:43] {Threei}  compare it to commissions

[09:43] {Threei}  and to polish it off, imagine bad execution on a stop if stock falls fast

[09:43] {Threei}  it will be way worse than 3 cents in many cases

[09:45] {Threei}  wow STX

[09:46] {Threei}  04/21/09 04:01pm

[09:46] {Threei}  [STX] Seagate Technology Reports Q3 -$0.56 v -$0.45e, R$2.1B v $2.01Be

[09:46] {Threei}  - Guides Q4 EPS -$0.47 to -$0.37(incl items) v -$0.30e, R $1.9-2.2B v $1.97Be

[09:46] {Threei}  what the deuce

[09:46] {Threei}  lol

[09:47] {Threei}  06:40am [STX] Price Target raised to $6 from $4.50 at BofA/Merrill Lynch, maintains Underperform rating

[09:47] {Threei}  this is something from parallel universe

[09:51] {magoo} .

[09:51] {nemo} mags...ankle broken or sprained badly?

[09:52] {magoo} i think broke, i gotta get to xray but havent had ttime

[09:52] {magoo} i cant walk on it at all

[09:52] {Threei}  ouch

[09:53] {magoo} swollen foot purple

[09:53] {Threei}  JPM

[09:53] {nemo} could be either...if it needs to be set don't wait to the point where they have to re-break it.  That sucks!

[09:53] {dino} whiner, :)

[09:53] {Threei}  see if we get pullback into .10

[09:54] {Threei}  in

[09:54] {Threei}  stop under 32

[09:54] {ese} market internals look better today  trin .87 tick 115

[09:54] {ese} more buying than selling

[09:54] {magoo} in

[09:54] {Threei}  over 1:1

[09:54] {Threei}  half out .25

[09:55] {Threei}  scalpers got their 3 seconds profit

[09:55] {Threei}  (pesky creatures)

[09:55] {dino} ilmn sm l .30txn green

[09:56] {Threei}  stop to under .10

[09:57] {dino} txn l .25 sm

[09:58] {pita} in .12 out .30 twice - ty

[09:58] {Threei}  wow

[09:58] {Threei}  wtg

[09:58] {Threei}  nice resolve

[10:00] {Threei}  out 1/4 more .40

[10:00] {magoo} out .38 TY vad

[10:00] {Threei}  welcome

[10:00] {jfjf64} ty

[10:01] {dptl} brcd valid again?

[10:01] {Threei}  out in full +.50

[10:01] {Threei}  not sure

[10:01] {Threei}  about BRCD that is

[10:02] {Threei}  why bother

[10:02] {Threei}  stock doesn't make new highs with market

[10:02] {Threei}  go where activity is

[10:02] {Threei}  we got 30 cents of FITB and 50 cents on JPM

[10:02] {jfjf64} yo monster lol

[10:03] {ese} L fitb .83

[10:03] {Threei}  and FITB is comparable to BRCD in terms of price and liquidity

[10:03] {Threei}  that's what being in the center of activity does to a stock

[10:03] {dptl} ok ty

[10:05] {dino} ilmn stop to .09

[10:06] {dino} to .30

[10:07] {dino} out ilmn .40, +1.10

[10:07] {fernp} gj

[10:07] {Threei}  wtg

[10:08] {dino} ty

[10:08] {Threei}  Shirtless President to appear on magazine cover

[10:09] {dino} nflx stop to .25

[10:09] {nemo} double top on JPM?

[10:09] {dino} out +.50

[10:09] {Threei}  volume is not right for the reversal pattern

[10:10] {Threei}  not sure

[10:10] {dino} txn to b/e

[10:10] {Threei}  let's wait a bit for more determination

[10:10] {nemo} I was just notifying,  I know how things can slip by unnoticed

[10:10] {Threei}  especially when one is trying to trade with his eyes closed

[10:11] {Threei}  which is my today's experiment

[10:11] {dino} huh?

[10:11] {Threei}  lol

[10:12] {nemo} using his 3rd eye Dino

[10:12] {dino} out titn overnight +.42

[10:12] {Threei}  new high JPM

06[10:12] * magoo slaps dino around a bit with a large trout

[10:13] {dino} nice when a plan comes tyogether

[10:13] {nemo} thanks George

[10:13] {Threei}  *FEB HOUSE PRICE INDEX M/M: 0.7% V -0.7%E

[10:13] {nemo} you've been taking typing lessons from Vad

[10:14] {Threei}  how about that

[10:14] {Threei}  housing is fixed

[10:14] {cosmo} fixed?

[10:14] {Threei}  no?

[10:15] {cosmo} everything is fixed?

[10:15] {Threei}  about to

[10:15] {Threei}  come on, let's let some positive spin in our lives

[10:16] {nemo} that sent the finnies higher

[10:16] {Threei}  [15:42] {Threei} my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[10:16] {dino} i go with up and down and down and up

[10:18] {ese} out fitb .95 +.12

[10:18] {Threei}  wtg

[10:18] {Threei}  20K little buggers?

[10:19] {ese} tks....feel like it was a bad trade though

[10:19] {cosmo} CAT has positive spin

[10:19] {ese} knew i should have been in around .65 but didn't pull the trigger

[10:19] {Threei}  FITB starts looking like 4 will be taken

[10:20] {Threei}  needs help by FAS

[10:20] {dino} ilmn drops

[10:20] {magoo} now vads one of those

[10:20] {magoo} calls 4 after its 4.02 he he

[10:20] {Threei}  no

[10:20] {Threei}  said it when it was 3.98

[10:20] {Threei}  look faster

[10:21] {jfjf64} 1 for magoo   lol

[10:22] {ese} yup it was 20000 of the litle bugers vad

[10:22] {ese} didn't see that post

[10:22] {Threei}  :)

[10:23] {ese} but still should have been in at .65 ish

[10:23] {nemo} so do faz and fas cross again today

[10:25] {cosmo} so... do we know yet who gets the 'high speed rail' bailout?

[10:25] {cosmo} GM maybe?

[10:25] {cosmo} ... just thinking...

[10:29] {dino} txn stop to .49

[10:29] {ese} how does the market feel to you all ...another leg up per chance

[10:29] {nemo} wondr if the finnies will pull back today :)?

[10:29] {ese} or bit of a slide

[10:30] {dino} no feel so far, which is wierd for me

[10:30] {nemo} [10:16] {dino} i go with up and down and down and up

[10:30] {Threei}  *DOE CRUDE: +3.85M V +2.5ME

[10:30] {dino} lol

[10:30] {Threei}  GASOLINE: +800K V -800KE; DISTILLATE: +2.68MM V -900KE;

[10:31] {nemo} that might slow things down

[10:31] {dino} keep adding baby, some day we'll sell it to opec

[10:31] {dino} out txn .49, +.24

[10:32] {nemo} Dino swinging for the fences in the morning...kewl

[10:33] {dino} ilmn back to original entry

[10:33] {dino} 'lucky

[10:33] {dino} back to basics nemo

[10:33] {nemo} good to be irish

[10:33] {nemo} morning hasn't been your forte

[10:33] {dino} ilmn perhaps wants to "double" bottom

[10:34] {dino} never was

[10:34] {nemo} so today a good day

[10:34] {dino} only thing different i can think of, started walking 2 miles at 7:30 am again

[10:34] {dino} indeed it is, over already

[10:35] {nemo} everything backed off when that oil number came out

[10:37] {dino} sm l ilmn .50

[10:40] {dptl} cat  bounce?

[10:40] {cosmo} its alive

[10:40] {dptl} too late

[10:41] {Threei}  can't tell consolidation from end of run at this point

[10:41] {Threei}  wauiting to see what transpires

[10:42] {cosmo} large institutional blocks may tell

[10:44] {cosmo} watching JASO...

[10:45] {cosmo} .25 to .35 range

[10:49] {nemo} anybody awake?

[10:49] {ese} yup 

[10:49] {Threei}  loud snorring was the answer

[10:50] {ese} just waiting for fitb again

[10:50] {ese} have a limit buy at .90

[10:51] {ese} can change my mind if market looks stronger

[10:51] {ese} 20 MA says .88   pullback we'll see

[10:52] {dptl} on 5 min?ese

[10:56] {ese} 15 min

[10:57] {dptl} almost the same on 5min.90 now

[10:57] {ese} if it pulls back here higher than .95   am gonna enter

[10:58] {Threei}  I don't feel this upward move starts next leg

[10:59] {ese} me either

[11:00] {nemo} \

[11:00] {nemo} sorry...it was the cat

[11:00] {ese} q's lower faz higher...won't enter

[11:01] {ese} although  fitb looks to be going against the grain here a little

[11:01] {Threei}  that was the trap so far

[11:01] {Threei}  FITB is a bit stronger, yeah

[11:04] {ese} gonna test the waters   l fitb .03 small

[11:05] {dino} ilmn stop tighten to .44 mkt drop

[11:06] {Threei}  activity dried up completely

[11:07] {Threei}  we need this stand-off resolved so some ibalanaces return and action starts again

[11:07] {dino} iclr

[11:07] {Threei}  feels like FAS drop into .60 area at least is catalyst for renewed interest

[11:09] {dino} 19 to 13 in day

[11:09] {dino} iclr, ppdi, kndl are buys somewhere soon, imo

[11:09] {Threei}  [ICLR] ICON plc Reports Q4 $0.35 v $0.34e, R $220.1M v $218.4Me

[11:09] {Threei}  - Full year net business awards totalled $1.3B, a 28% increase on last year.Fourth quarter net business awards were $261M, a book to bill of 1.2.

[11:09] {Threei}  - CEO "We are very satisfied with our performance in quarter four. Revenues were up 22%, margins held strong at 12% and EPS was up 35%. With our backlog at $1.74B we have entered 2009 in a good position, although the difficult economic climate has put some customers under pressure and has created a degree of uncertainty. We remain positive, though cautious, as 2009 commences."

[11:10] {Threei}  what would have happened if they missed?

[11:11] {dino} kndl pre-big miss, ppdi missed, same business

[11:11] {Threei}  FERC CHIEF: US MAY NOT REQUIRE NEW COAL OR NUCLEAR POWER PLANTS AS RENEWABLE ENERGY SOURCES COMBINED WITH NEW EFFIENCIES MAY MEET DEMAND

[11:11] {ese} very good question.......

[11:11] {Threei}  really?

[11:12] {Threei}  solar, wind and tide are capable of meeting demand already??

[11:12] {nemo} hot air out of Washington is

[11:12] {Threei}  unless I slept 50 years and today is 2059...

[11:12] {ese} in this take no prisoners enviroonment.......icon would be trash now

[11:12] {dino} politician=liar

[11:13] {ese} cool math

[11:13] {dino} atty by traing, so you figure it out

[11:13] {pita} anybody know how to add sound to posts in mIRC?

[11:13] {Threei}  this total lack of resopnsibility will never cease to amaze me

[11:14] {cosmo} just stick a rod in the ground and harvest the schumann resonance....but they wont listen...they never do...

[11:14] {Threei}  say whetever you want, damn the consequences

[11:14] {Threei}  I think dp set them, pita

[11:15] {dptl} sounds?

[11:15] {pita} beep or something to notify of vad posts

[11:15] {dino} damn the topedos

[11:16] {dino} iclr bugs me

[11:16] {dptl} tools-options-sounds

[11:16] {dino} sm l .69

[11:16] {pita} then what?

[11:17] {dino} stop .47

[11:17] {nemo} or just right click on the window icon in the toolbar and pick "beeping"

[11:17] {dptl} enable sounds

[11:17] {dptl} channel,chat

[11:17] {Threei}  oh, and after you set it all, you need to say "

[11:17] {Threei}  kreks-feks-peks", as you click OK

[11:17] {dino} lord vader

[11:17] {dptl} lol

[11:18] {nemo} yeah, "Dark Helmet"

[11:18] {nemo} Anybody ever see, "The Boondock Saints"?

[11:18] {Threei}  that's how I feel when I configure all those features... total vodoo, lol

[11:18] {nemo} great movie

[11:18] {jfjf64} is there way to get sounds on vads post??

[11:18] {dptl} there is a trick though...if the window is active it's not gonna make sounds

[11:19] {dino} ilmn moving

[11:19] {Threei}  lol jf...

[11:19] {dptl} yep

[11:19] {Threei}  you guys need to wake up at least once an hour

[11:20] {jfjf64} guess that was for me

[11:20] {dino} do you want us to trade or wake up?

[11:20] {Threei}  yes sir :)

[11:20] {Threei}  trade dino... but to set sounds, one needs to wake up

[11:20] {dptl} keep #flor window open but have active discussion and then you here beep only then Vad post somthing

[11:20] {dino} music is all i need

[11:20] {Threei}  that's because you ignore me

[11:21] {nemo} that's not true...perish the thought

[11:21] {Threei}  can't blame you though, my own reflection in the mirror ignores me

[11:21] {dino} ilmn to b/e

[11:21] {dino} huh, you say something

[11:21] {dino} good girl iclr

[11:24] {dino} ndx hod

[11:25] {dino} ilmn to .60

[11:27] {dino} hmm iclr drop

[11:28] {pita} later all...

[11:28] {dino} ilmn to .80

[11:29] {dino} cya pita

[11:29] {Threei}  take care pita

[11:30] {dino} stopped iclr slip.44 ave-.25

[11:30] {dino} will retry around low

[11:31] {dino} out ilmn .90, +.40

[11:32] {nemo} so +.15 between the two.  3 for 4 today Dino?

[11:32] {Threei}  MS CFO: WILL WAIT FOR RESULT OF STRESS TESTS TO DETEMINE WHAT TO DO ON TARP; WILL CONSIDER REPAYMENT OF CAPITAL - CONF CALL

[11:32] {Threei}  - Similar to comments made earlier today regarding repayment of tarp (earlier: MSCFO notes plans to repay the TARP once regulators signal their approval.)

[11:35] {jfjf64} nother conf call    

[11:36] {vinod} you guys are ice cold today?

[11:36] {nemo} two wins early, market's been dead since 10

[11:36] {Threei}  hmm?

[11:37] {nemo} oh, and vad's been in a coma

[11:37] {vinod} good afternoon to all

[11:37] {jfjf64} 3for3

[11:37] {Threei}  I am in a coma 9/10 of time

[11:37] {dino} iclr drop

[11:38] {Threei}  doesn't mean I can't tade

[11:38] {Threei}  in factm, it'

[11:38] {Threei}  s just opposite

[11:38] {jfjf64} spell  lol

[11:38] {magoo} we in anything vad?

[11:38] {Threei}  see nemo's remark above mags

[11:39] {magoo} was away from desk

[11:39] {Threei}  starts looking like creep-up day in progress

[11:39] {dino} cold, having a good one

[11:39] {vinod} guy at work told me BAC is 100 stock in 5 year and many IPO will come out of it-i am not buying it

[11:40] {Threei}  in 5 years?

[11:40] {vinod} nemo-i work at John Hancock financial

[11:40] {nemo} in the tower?

[11:40] {vinod} yes 32nd floor

[11:41] {Threei}  I can't see how any reasonable human being can seriously talk about such what happens in 5 hyears with any particular stock/company in times like this

[11:41] {Threei}  and when it comes to financial name... lol

[11:41] {nemo} especially with the world ending in 2012

[11:42] {Threei}  put him to test vinod... ask him where BAC is going to be in an hour

[11:42] {vinod} i am compurt guy don't know financial

[11:42] {Threei}  he nails it, I am buying all BAC I can and wait 5 years

[11:43] {vinod} buy the rule I can't stock with any fund manager

[11:44] {dino} well, if he said it it must be true

[11:44] {vinod} i am trying to make this board live again?

[11:45] {dino} it needs tunes

[11:48] {dino} vocs, wab

[11:52] {dptl} jns?

[11:53] {Threei}  nah

[11:53] {dptl} daily looks good ,no?

[11:53] {Threei}  eerything does, intraday too

[11:54] {Threei}  it's a breakout during lunch time

[11:54] {dino} thank you

[11:54] {Threei}  after dollar move

[11:54] {Threei}  total 50/50

[11:54] {dptl} ok ty

[11:54] {Threei}  can jump to .30, can drop to 8.80

[11:54] {Threei}  roll a dice

[11:58] {vinod} Threei  roll a dice --lvs

[11:59] {dino} you want the ceasars coin toss?

[11:59] {Threei}  LVS, as MGM, is a part of developing story now

[11:59] {Threei}  Ichan vs Kerkorian

[12:00] {dino} i use the ceasars coin

[12:00] {dino} sm l vocs .80, stop .49

[12:01] {dino} iclr big rinse

[12:02] {dino} weaiting at .25

[12:02] {dino} wab, feeling short

[12:03] {Threei}  CNBC REPORTS THAT STRESS TESTS TO REQUIRE 3% TANGIBLE COMMON EQUITY UNDER WORST CASE SCENARIO - CITES SOURCES

[12:04] {dino} wab sm s .05

[12:05] {magoo} vads..give magoo read AAPL palease

[12:05] {Threei}  no problem

[12:05] {Threei}  it's A

[12:05] {Threei}  then A again

[12:06] {Threei}  you with me so far?

[12:07] {dino} wab bstop is .36

[12:07] {magoo} im in and wanted seriouse

[12:07] {Threei}  I don't know

[12:07] {Threei}  just manage the trade

[12:07] {Threei}  what price are you in at?

[12:08] {magoo} out here

[12:08] {magoo} TY

[12:09] {dino} stopped

[12:14] {Threei}  FRE

[12:14] {Threei}  NOTES THAT IT IS UNAWARE OF NO LINK BETWEEN ACCOUNTING PROBE AND THE DEATH OF ACTING CFO

[12:19] {dino} ilmn drops again

[12:22] {ese} limit buy triggered fitb

[12:22] {ese} .90

[12:24] {nemo} what's your stop ese

[12:25] {ese} .80

[12:25] {nemo} ty

[12:25] {ese} your welcome

[12:26] {ese} hmmmmmmmm

[12:30] {dino} +wab reload, sm s .40

[12:33] {ese} flirting with danger ....

[12:33] {nemo} "Flirtin' with Disaster"  Molly Hatchett

[12:33] {ese} indeed

[12:33] {nemo} oy...Alzheimer's 

[12:34] {dino} wab bstop is hod

[12:34] {Threei}  you guys are well read... me, I limit myself to titles "Flirtin". Period

[12:34] {nemo} Vicarious now Vad?

[12:35] {Threei}  don't know.. I also avoide words longer than two syllables

[12:35] {Threei}  and :vicarious" is not it

[12:35] {nemo} You woulda' made a great caveman

[12:35] {Threei}  in fact, it sounds very nefarious to me

[12:36] {Threei}  woulda'?

[12:36] {Threei}  I am one

[12:36] {ese} stopped....&^%&^%-.10  15000shs

[12:36] {nemo} neanderthalis Vadicanis

[12:36] {ese} went to the well to many times

[12:36] {nemo} Oh ese, how the fingernails?

[12:36] {magoo} news VAD

[12:36] {Threei}  I'd rather say, wrong time, and against the microtrend at the moment, ese

[12:37] {Threei}  just this mags

[12:37] {Threei}  GM

[12:37] {Threei}  WSJ: CFO: WILL NOT MAKE ITS $1B DEBT PAYMENT DUE JUNE 1ST

[12:37] {ese} yes definately....could have removed that limit buy......dumb on my part

[12:37] {ese} recognize it....move on

[12:37] {Threei}  I don't think it's a big deal for the market at the moment

[12:37] {nemo} still holding thought

[12:38] {nemo} though

[12:38] {magoo} ty

[12:38] {Threei}  this is why I stay inactive guys

[12:38] {ese} me...no nemo stopped

[12:38] {Threei}  and recomend you to do the same

[12:38] {Threei}  look at what happened ever since our morning plays

[12:38] {Threei}  long stall,

[12:39] {Threei}  very slow and narrow movement slighltly up,

[12:39] {Threei}  stall,

[12:39] {Threei}  slow drift down, narrow again

[12:39] {Threei}  what you have here is:

[12:39] {Threei}  no range wide enough to play it,

[12:39] {Threei}  not breakout,

[12:39] {Threei}  no breakdown,

[12:39] {Threei}  so name me a strategy that would work

[12:40] {dino} up,down, down, up

[12:40] {ese} market will probably head up this afternoon...maybe con recoop some then

[12:40] {Threei}  the skill to deploy in this situation is two-fold

[12:40] {Threei}  1. stay on a sideline and wait for something to shape up

[12:40] {Threei}  2. fend off attempts to engage you into activity by magoo and Co {G}

[12:41] {nemo} Apply your skills in the environment in which they apply

[12:41] {nemo} Don't try to apply them where they don't fit

[12:41] {Threei}  let me show you comment made way eearlier

[12:42] {Threei}  [11:07] {Threei} feels like FAS drop into .60 area at least is catalyst for renewed interest

[12:42] {Threei}  look at the charty

[12:42] {Threei}  .57 bottom for over 20 cents immediate bounce

[12:44] {dino} my old friend snda drop

[12:47] {dino} kirk

[12:47] {nemo} James Tiberius?

[12:48] {dino} lol, good one

[12:48] {nemo} new one coming out

[12:49] {dino} wab to .15

[12:49] {dino} stopped +.25 cover

[12:50] {dino} saw that nemo

[12:51] {nemo} looks interesting

[12:51] {dino} wife didn't like the mothers day idea of going to see it

[12:51] {nemo} yeah, that's like getting her a chain saw for HER birthday

[12:52] {dino} iclr drops

[12:52] {dino} lol

[12:53] {dino} i'm losing it, 2 days in row spilling on my shirt

[12:56] {dino} sm l iclr .50

[12:56] {dino} ilmn setting up

[12:57] {dino} ugh wab, stop too tight

[13:02] {dino} sm l ilmn .65

[13:02] {dptl} cat?

[13:02] {dptl} .50?

[13:02] {Threei}  ?

[13:03] {dptl} was thinking .50 break ...ah didn' hold .40 anyway

[13:04] {Threei}  FAS double bottom confirmation on .60 break was good setup... missed it

[13:04] {nemo} shoulda' come out of the coma earlier

[13:04] {dptl} ye was just about to ask about that :)

[13:05] {nemo} break again above .80?

[13:05] {dptl} set up i mean not coma lol

[13:05] {vinod} to much time playing with Miss

[13:05] {Threei}  CHRYSLER AND CAW REMAIN ENGAGED IN DISCUSSIONS OVER 'ACTIVE BENEFITS'; CHRYSLER SEEKING TO CUT COSTS OF BENEFITS BY ABOUT C$19 FROM CURRENT C$31+ PER HOUR

[13:06] {Threei}  that's some cut

[13:06] {Threei}  tough for union to swallow

[13:08] {dino} nflx

[13:08] {magoo} possible bottom MS here

[13:09] {magoo} in .11

[13:10] {ese} du du du du......dump di dum....twiddle thumbs......

[13:10] {nemo} rearrange sock drawer

[13:11] {nemo} make sure all logos face up

[13:11] {ese} funny

[13:11] {magoo} .98 stop

[13:14] {nemo} ese, watching FITB?

[13:14] {Threei}  let's see if we get new double bottom, .60 - .70

[13:14] {Threei}  want pullback now

[13:14] {Threei}  not buying break here

[13:14] {nemo} on what?

[13:14] {Threei}  pullback, bottomonjg out around.63-.65, then break

[13:15] {Threei}  FAS

[13:15] {Threei}  HIG

[13:15] {Threei}  HEARING ALLIANZE MAY BE PREPPING A BID NEAR $19/SHARE

[13:16] {magoo} MS held by hair off dinos chin

[13:18] {magoo} offering .27

[13:18] {ese} hi nemo ...yes

[13:19] {ese} was rearranging sock drawer

[13:20] {dino} hmmmm you must have alot of socks

[13:20] {ese} thinkin long here at .85

[13:20] {nemo} yeah

[13:20] {ese} a few

[13:20] {dino} lol

[13:21] {Threei}  FAS 1:1

[13:21] {nemo} when did it pull back

[13:21] {Threei}  ??

[13:21] {magoo} dam..saw .25 prints

[13:21] {Threei}  did you watch it?

[13:22] {dptl} it went to .65 only

[13:22] {magoo} OUT WOOHOOOOO

[13:22] {magoo} ty bboss

[13:22] {Threei}  two min dance between .65 and .70 after my comment

[13:22] {magoo} .27

[13:22] {magoo} +.25

[13:22] {Threei}  then break of .70

[13:22] {Threei}  just as prescribed

[13:23] {dptl} was thinking a bit lower .63-. 65

[13:23] {Threei}  for what, entry?

[13:23] {dptl} oh well

[13:23] {Threei}  I mean entry on confirmation

[13:23] {Threei}  .70 break

[13:23] {dptl} .70 break

[13:24] {ese}  l fitb .86

[13:24] {Threei}  if it bottomed at .65 instead of .63, all the better

[13:24] {Threei}  more strength

[13:25] {dptl} i see ....

[13:26] {dino} nflx .00 sm l

[13:32] {jfjf64} whats  the word my trading pals

[13:34] {Threei}  sorry jf... it looks like no one want to be your [pal :(

[13:34] {Threei}  welcome to my world

[13:34] {Threei}  they don't like me either

[13:34] {jfjf64} iv noticed that

[13:34] {ese} praise the lord and pass the amunition......praise the lord and pass the amunition

[13:34] {Threei}  lol

[13:35] {Threei}  kind word and gun are much more powerful than just kind word?

[13:35] {jfjf64} market  charging upward

[13:35] {Threei}  DATAQUICK: CALIFORNIA FORECLOSURES INCREASE BY 80% IN Q1 ON A SEQUENTIAL BASIS

[13:35] {ese} indeed

[13:36] {dino} jf the word is "forward"

[13:37] {nemo} yeah, forward...never straight

[13:38] {jfjf64} ty   forward it is

[13:38] {ese} can't remember if that was a world war 1 or world war 2 song....I think 1

[13:39] {dino} dk, just good way to be

[13:42] {ese} out fitb....and then some .01 +.16........revenge trade against all of vads rules.....the anger was just welled up too deep inside of me.

[13:43] {ese} lol

[13:43] {nemo} yeah, but the setup was good

[13:43] {ese} true

[13:43] {nemo} plus you ha FAS and the indices w/you...so it was still a disciplined trade

[13:43] {jfjf64} what wasentry

[13:44] {nemo} .85

[13:44] {ese} just wanted my description of the trade to sound spectacular

[13:44] {ese} following rules is .....is....is.....too ordinary

[13:45] {nemo} musicians...sheeesh

[13:47] {Threei}  FAS bounse zone

[13:47] {Threei}  or bounce

[13:48] {ese} no  bowwwwouuusssah  is good

[13:48] {dptl} in.94

[13:48] {dptl} stop .88

[13:49] {magoo} in .94

[13:50] {ese} gotta hunch that when fitb gets past 4.00....it could go for a ways

[13:50] {Threei}  four ways?

[13:51] {Threei}  I need serious education...

[13:51] {magoo} triple bottom aapl

[13:51] {ese} ummmmmm  ya ya ...thats it....four ways

[13:51] {ese} was watching that mags....are you thinkin long....i

[13:51] {dptl} half out

[13:51] {nemo} lotta' overhead between 4 and 4.10

[13:51] {magoo} i toiok half here

[13:51] {magoo} .28

[13:52] {ese} fitb nemo

[13:52] {ese} yes

[13:52] {nemo} yes

[13:53] {ese} should correct that statement....if it gets by 4.10 it could go four ways

[13:54] {magoo} out

[13:54] {nemo} fore ways?

[13:54] {nemo} fore weighs?

[13:55] {magoo} that sukked

[13:55] {ese} ok now were getting rid  a que less....

[13:55] {ese} that stock throws me for a loop everytime mags

[13:56] {magoo} it prob goes on rampage up somewhere

[13:56] {magoo} prob is from where

[13:56] {magoo} fas sukked topo{sorry vad}

[13:56] {dptl} stopped second half

[13:57] {magoo} no potential

[13:57] {nemo} that was a surprises...I thought if fas broke .90 it would go, but not that fast

[13:57] {magoo} see if he awake he he

[13:57] {Threei}  nope

[13:58] {Threei}  but it hit 1:1

[13:58] {Threei}  so leave me alone, will ya?

[13:58] {magoo} not at .94

[13:58] {nemo} what hit 1:1?

[13:58] {Threei}  yes it did

[13:58] {magoo} 8 all i saw

[13:58] {magoo} was waiting .05

[13:58] {Threei}  and how is that not 1:1?

06[13:58] * Threei sends magoo calculator

[13:58] {nemo} Yeah, he called bounce zone @ .90

[13:58] {magoo} 6 cents

[13:59] {Threei}  with 5 cents stop?

[13:59] {Threei}  [13:58] {Threei} and how is that not 1:1?

[13:59] {Threei}  [13:58] * Threei sends magoo calculator

[13:59] {nemo} [13:47] {&Threei}  FAS bounse zone

[13:59] {nemo} [13:47] {&Threei}  or bounce

[14:00] {nemo} ruling on the field against VAD...you didn't call a stop...penalty for incomplete trade parameters

[14:00] {Threei}  cool

[14:00] {Threei}  see you all next week

[14:00] {nemo} No, that's not the penalty

[14:00] {Threei}  penalty box, ya know

[14:01] {nemo} this ain't hockey

[14:01] {dino} ostk

[14:01] {nemo} wow Dino

[14:02] {Threei}  REPORTS Q1 -$0.09 V -$0.20 Y/Y, R$187.4M V $203M Y/Y

[14:02] {dino} -.09 vs-.20, rev light

[14:02] {magoo} bama on cnbc

[14:02] {magoo} sheesh

[14:02] {Threei}  he celebrates earth day mags

[14:02] {dptl} it was 1:1 thats why got out half at 8 :) 

[14:02] {nemo} FAZ long

[14:03] {nemo} oh...nevermind

[14:03] {dino} yobama on

[14:03] {Threei}  shirtless?

[14:03] {dino} vocs hod

[14:04] {jfjf64} he is all jerked up

[14:04] {jfjf64} jacked up  sorry

[14:04] {dino} they act as if the earth has feelings

[14:04] {nemo} Freudian slip jf

[14:04] {Threei}  you be careful dino

[14:05] {Threei}  we may decide you are not earth-friendly

[14:05] {dptl} lol

[14:05] {Threei}  anf there is just one sin greater than thaT

[14:05] {dino} my daughter already tells me that

[14:05] {Threei}  namely, being successful businessman

[14:06] {Threei}  if you are both, you must be taken outside and shot twice

[14:06] {Threei}  which remninds me... a few days ago, in a grocery store,

[14:07] {Threei}  cashier, yuung girl, one of "brainwashed generation"

[14:07] {Threei}  asks whether I want plastic bag or paper

[14:07] {Threei}  I say plastic

[14:07] {Threei}  she glances at me quckly,

[14:08] {Threei}  frowned

[14:08] {Threei}  I add:

[14:08] {Threei}  I feel particularly unfruendly toward environment today

[14:08] {dino} lol

[14:09] {dptl} lol

[14:09] {Threei}  sheesh, I thought she was about to refuse to serve me

[14:09] {Threei}  you should see this shicked and almost hateful look at her face

[14:09] {dino} i get a kick out of vegatarians that bust me while they wear leather shoes and belts

[14:09] {nemo} shicked?

[14:09] {Threei}  shocked

[14:10] {Threei}  you proud itself in understanding Threeiish?

[14:10] {nemo} I just tell them something dies so you can eat, you're just prejudiced against living things that don't have eyes

[14:10] {nemo} vegetarians that is

[14:12] {Threei}  wow

[14:12] {Threei}  QWOW

[14:12] {Threei}  do you listen to prez?

[14:12] {Threei}  "suddenly market for american vehicles collapses, because we build SYVs"

[14:13] {magoo} ok that was AAPL botom

[14:13] {nemo} Nobody's buying Priuses either

[14:13] {Threei}  if that's not the most blatant distrortion of reality I heard from president

[14:13] {Threei}  no wait

[14:13] {Threei}  I did not have sex with that woman is still taking the prise

[14:14] {jfjf64} 100 percent

[14:16] {Threei}  what just happened

[14:16] {nemo} I also like "depends on what your definition of "is" is"

[14:21] {magoo} ese, see aapl rip?

[14:22] {dino} vocs stop to .99

[14:30] {ese} hey mags...sorry was getting ready to go teach....

[14:31] {ese} oh blody hell...

[14:31] {dino} he's not talking to ya es

[14:31] {dino} :)

[14:31] {magoo} see goty to like vad says"try it couple times"i hit 123 exit 123.80

[14:32] {magoo} now in 124

[14:32] {ese} nice

[14:32] {Threei}  okay... looks like next leg starts

[14:32] {Threei}  let's hunt for pullback

[14:32] {Threei}  FAS 8.05 area

[14:32] {ese} outta here till tomorow everyone....catch you on the flip side...good luck rest of the day

[14:32] {Threei}  take care ese

[14:33] {magoo} take care bud

[14:33] {ese} see ya vad

[14:33] {ese} see ya mags

[14:33] {nemo} cd's don't have flip sides :)

[14:35] {dino} cya es

[14:39] {dino} iclr to .74

[14:40] {dino} out vocs .99, +.19 longggggg timeeeeeeeeee

[14:42] {dino} nflx earns tonight

[14:44] {dino} stopped iclr .74, +.24

[14:45] {Threei}  anyone took FAS?

[14:45] {jfjf64} in

[14:45] {Threei}  stop under 8, went over 1:1 for half out

[14:46] {jfjf64} out +4

[14:48] {dptl} still worth it?

[14:49] {Threei}  I believe so but can take a few tyries

[14:50] {Threei}  US 10-YEAR YIELD LOOKS TO FINISH PIT SESSION AT HIGHEST LEVEL SINCE BEFORE FED'S QUATITATIVE EASING ANNOUNCEMENT

[14:50] {nemo} yeah, tbt up all day

[14:58] {Threei}  (US) TEXAS LEGISLATURE EXPECTED TO APPROVE SOLAR POWER SUBSIDY; EXPECTED TO BE LARGEST IN NATION - WSJ

[14:58] {Threei}  {FSLR SPIR SPWRA}

[14:59] {Threei}  US HOUSE FINANCIAL SERVICES COMMITEE APPROVES LEGISLATION TO REFORM CREDIT CARD PRACTICES

[14:59] {Threei}  {AXP COF DFS}

[14:59] {Threei}  OPTT lost its mind?

[15:02] {dino} yes

[15:07] {dino} ener

[15:07] {Threei}  yeah

[15:08] {jfjf64} wow

[15:13] {Threei}  US TREASURY CLARIFIES PAY LIMITS UN PPIP

[15:13] {Threei}  DRYS

[15:13] {Threei}  SAID TO HAVE WON A MATERIAL CONTRACT FROM PETROBAS

[15:16] {dino} buy side imbalances

[15:17] {Threei}  I'll have to leave in 15 min guys, finishing a tad earlier today

[15:17] {Threei}  wife's birthday, promised to take her to lunch

[15:17] {dino} wish her a happy (and be nice)

[15:17] {Threei}  I promise former

[15:18] {Threei}  but I don't do nice

[15:19] {magoo} have good one vad

[15:19] {Threei}  ty

[15:19] {Threei}  I wonder if TAN's worth overnight

[15:20] {Threei}  most likely not but let's keep it on radar

Apr 21 2009

Quite a day in the market. What a comeback by financials. We stayed conservative and very picky, and it paid. Not too many plays but all wins with just one or two stops. Played both sides, long and short.

Session Time: Tue Apr 21 00:00:00 2009

[08:06] {nemo} gm

[08:06] {nemo} Vad what chart server?

[08:06] {Threei}  morning

[08:06] {Threei}  none of them works

[08:07] {nemo} Makes me feel better...thought it was me

[08:07] {nemo} then again...maybe it is

[08:08] {nemo} Having a nice nor-'easter here today...so I might get knocked off the net anyway

[08:09] {KSystems} morning :)

[08:09] {Threei}  KS :)

[08:09] {nemo} Tag Herrn K

[08:10] {Threei}  earnings season starts with suffering

[08:12] {patience} good morning RT  :)

[08:13] {Threei}  patience :)

[08:31] {Threei}  TREASURY SEC GEITHNER: TREASURY HAS THE RESOURCES IT NEEDS TO MOVE FORWARD ON ALL ASPECTS OF ITS STABILITY PLANS; $109.6N LEFT IN TARP

[08:36] {Threei}  US TARP INSPECTOR GENERAL BAROFSKY: TOO EARLY TO DETERMINE IF TARP BEING USED APPROPRIATELY - CNBC

[08:38] {Threei}  - AIG counterparty payments being audited, expect full report out this summer.

[08:40] {pita} gm boys and girls

[08:40] {nemo} chart server 1 working

[08:40] {Threei}  pita :)

[08:41] {Threei}  they are all coming back

[08:41] {nemo} FAZ is back...FAS dominance lasted about 10 minutes

[08:42] {Threei}  dominance? the only thing FAS dominated yesterday and this morning is its own prison cell

[08:43] {Threei}  USB EXEC: IF STRESS TESTS COME OUT POSITIVE, HOPE TO ARRANGE REPAYMENT OF TARP FUNDS - CONF CALL

[08:45] {magoo} morning

[08:45] {Threei}  magoo :)

[08:53] {magoo} skf going nuts

[08:55] {Threei}  FAZ too

[08:56] {cosmo} DDRX had good drug sales

[08:57] {dptl} good morning all

[08:57] {Threei}  dp :)

[09:02] {jfjf64} mornin all

[09:03] {cosmo} BRCM healing pre mkt

[09:03] {Threei}  jf, cosmo :)

[09:03] {cosmo} 19.40 lod

[09:03] {ese} good morning

06[09:03] * magoo slaps laserdave around a bit with a large trout

[09:03] {cosmo} 3i:)

[09:03] {magoo} i shorted GS at 113.41

[09:04] {cosmo}  Broadcom Offers to Buy Emulex for $9.25 Per Share Cash - Emulex S

[09:04] {cosmo} oaring in Pre-Market

[09:04] {Threei}  ese :)

[09:04] {vinod} gm to all

[09:05] {ese} whats lookin interesting

[09:05] {ese} vinod

[09:05] {Threei}  vinod :)

[09:06] {magoo} oil falling 

[09:06] {ese} Fitb is approaching that buy all you can territory

[09:06] {magoo} not good for stocks

[09:06] {dino} gm all

[09:06] {cosmo} ELX = emulex fyi

[09:06] {Threei}  I thunk it's the other way around mags

[09:06] {ese} dino

[09:06] {Threei}  market drops and drags oil with it

[09:06] {Threei}  dino :)

[09:07] {magoo} out GS + .80

[09:08] {jfjf64} nice start to day

[09:08] {dino} es, fitb, what level, 3?

[09:09] {ese} was in around the 2.75 area with about 20000 a couple of weeks back

[09:09] {dino} education smackdown

[09:10] {ese} faz gapped up ...could be a rough day for financials again

[09:10] {Threei}  it is so far

[09:12] {fernp} Hello everybody

[09:13] {Threei}  fern :)

[09:13] {Threei}  earnings season is off to a rough start eh?

[09:14] {fernp} FITB 3.17  I'm long from yesterday at 3.70... the day does not start well :-)

[09:14] {Threei}  hit over 1:1 AH yesterday...

[09:14] {fernp} true sold half

[09:14] {dino} thx es

[09:21] {ese} does everyone see that post"Earnings season is not time to be a hero"....who posts those

[09:21] {Threei}  lol

[09:21] {dino} "they" do

[09:21] {Threei}  DNDN...

[09:22] {ese} hmmmmm....that one is funny but true

[09:24] {dino} turnaround tuesday is upon us, lets see if pattern holds

[09:24] {ese} speaking of they....this is day ten of the 7 to 10 business days mail for my new visa to get here or i'll be cut off by they

[09:25] {Threei}  dino, I can't help but see bounce candidates everywhere

[09:25] {Threei}  trying to keep myself from calling them all, lol

[09:26] {Threei}  Geithner is talking today

[09:26] {jfjf64} great

[09:27] {magoo} is osama talking today :)

[09:27] {vinod} ese-you need to use visa card and spend to help economy?

[09:28] {dino} i like wnt, mcd, t, txn, wynn

[09:28] {dino} wmt

[09:28] {dino} kndl blood

[09:28] {Threei}  OK guys, let's stay on a conservative side

[09:29] {Threei}  emotions run too high in this market, easy to get hurt

[09:29] {dino} -9

[09:29] {Threei}  prefer to stay in capital preservation mode

[09:29] {ese} I would if i could vinod....

[09:29] {pita} 5k lots?

[09:29] {jfjf64} you drivin boat   gm on

[09:29] {Threei}  lol pita

[09:29] {pita} indeed

[09:29] {ese} anyone thinking shorrt rimm at .60

[09:29] {ese} yesterdays low

[09:30] {Threei}  too many tempting entries out there which probably means most of them will be punished

[09:30] {dino} -10 kndl

[09:30] {ese} too late

[09:30] {dino} rimm gap around 67.80s

[09:30] {dino} 63.80s

[09:30] {Threei}  FED'S HOENIG: INSOLVENT FIRMS MUST BE ALLOWED TO FAIL

[09:30] {dino} thats a new concept

[09:31] {nemo} I sense a hint of sarcasm

[09:31] {dino} :)

[09:32] {magoo} cat bounce vad?

[09:32] {dino} i've been saying that for 9 months

[09:32] {Threei} Long Setup:  FITB  3.01 if stays above 2.90

[09:32] {ese} funny ...real funny

[09:32] {dino} es kndl at some point v sm

[09:32] {Threei}  picking trades with tight enough stops

[09:32] {Threei}  keep them religiously

[09:33] {magoo} in

[09:33] {ese} whoa....talked about being slapped dn

[09:33] {dino} stops are my religion

[09:33] {nemo} in

[09:34] {Threei}  DNDN, this is truly annoying, lol

[09:34] {dino} grrr mcd, wmt txn left w/o me

[09:36] {nemo} FAS going but FITB not following

[09:37] {Threei}  teakes longer than I would like

[09:37] {Threei}  stop to under 2.95

[09:38] {dino} blood esi, apol

[09:38] {Threei}  1:1

[09:38] {dptl} out .10 ty fitb

[09:38] {Threei}  half or scalp, your choice

[09:38] {magoo} out .15 TY

[09:38] {fernp} out TY

[09:39] {vinod} out all 0.14

[09:39] {pita} out ty

[09:39] {Threei}  welcome guys

[09:39] {jfjf64} out.14   ty

[09:39] {ese} L fitb .09

[09:39] {nemo} out .14

[09:39] {nemo} ty

[09:40] {Threei}  wow ese

[09:40] {Threei}  why so high

[09:40] {nemo} musician?

[09:40] {Threei}  1:2

[09:40] {Threei}  out in full 3.23

[09:41] {jfjf64} nice read

[09:41] {Threei}  sometimes I hate these discipline restraints... look at BAC

[09:42] {ese} missed lower

[09:42] {Threei}  was so freakishly tempting around 7

[09:42] {dawg} out in full .26 thank you Vad

[09:42] {Threei}  it spent wuite coniderable time around 3 ese... wake up, will ya

[09:42] {Threei}  dawg :)

[09:42] {ese} out Fitb .26

06[09:43] * Threei send ese hypodermic needle filled with strong coffee

[09:43] {nemo} RIMM up over a buck

[09:43] {Threei}  [09:25] {Threei} I can't help but see bounce candidates everywhere

[09:43] {Threei}  sigh

[09:43] {ese} wow look at it go

[09:44] {nemo} better than seeing dead people

[09:44] {Threei}  old version nemo... modern is 'I see dead pixels"

[09:44] {nemo} Buy new monitor

[09:44] {ese} market internals still don't look good though....TRIM 3.43  not good

[09:44] {Threei}  CONNECTICUT TREASUER CALLS FOR CEO KEN LEWIS' RESIGNATION

[09:44] {ese} TRIN...sorry

[09:45] {Threei}  does Connecticut have a share in BAC?

[09:45] {nemo} resignation...how bout give him the Mel Gibson treatment in Braveheart

[09:45] {jfjf64} lol

[09:45] {Threei}  IMF: DELEVERAGING MAY LEAD TO CREDIT CONTRACTION IN THE US AND EUROPE BY APPROX 4%

[09:45] {nemo} 4% will be conservative

[09:46] {Threei}  DNDN... if pattern holds, it should sell down to 19.50 or so, stall for a while, then start bounces

[09:47] {ese} TRIN 3.15 somebodys selling a sh%$% load of something

[09:48] {nemo} flocking RIMM

[09:49] {Threei} Short Setup: RIMM  half lot .50 breakdown if stays under .70 from now on

[09:50] {Threei}  invalidated for now

[09:52] {dino} chips moving, intc, txn

[09:53] {Threei}  what an unlikely stock to be nicely green... DRYS

[09:55] {Threei}  FAZ closing gap

[09:55] {Threei}  watching for bounce

[09:57] {dino} kndl l .60 risky

[09:58] {ese} am watchin that dino..... 

[09:59] {dino} sm that was

[10:00] {dino} stop to .47 kndl

[10:01] {Threei}  PALM is oblivious to the market

[10:02] {pita} missed FAZ bounce

[10:03] {Threei}  yeah, didn't really form anything safe enough for entry

[10:03] {dino} kndl to b/e

[10:04] {nemo} RIMM short?

[10:04] {Threei} Long Setup:  WFC  .30 break half lot

[10:04] {nemo} too fast

[10:04] {Threei}  use pullback

[10:05] {Threei}  frist strength from her

[10:05] {Threei}  if loses .15, leave it be

[10:05] {Threei}  stop under .15

[10:06] {dino} stop to .99 kndl

[10:06] {Threei}  no worky

[10:06] {jfjf64} invalid

[10:06] {dino} out .00, +.40

[10:06] {Threei}  FITB pulled back into decent entry zone

[10:06] {cosmo} CENX 3.28 hod

[10:07] {ese} yes

[10:07] {Threei}  WFC needs quick drop under 17

[10:07] {cosmo} no news cenx

[10:10] {ese} l fitb .245

[10:10] {Threei} Long Setup:  WFC  17.05 break if stays above 16.95

[10:11] {Threei}  invalidated

[10:11] {ese} out fitb .33 15000 of the little blighters

[10:11] {Threei}  good one ese

[10:11] {jfjf64} we will get it 31

[10:11] {nemo} FITBs ese's bitch lately

[10:12] {jfjf64} 3i

[10:12] {ese} tks

[10:12] {fernp} out FITB ty Vad was a decent zone

[10:12] {Threei}  :)

[10:12] {Threei}  lol WFC

[10:12] {Threei}  I know how to play it

[10:13] {jfjf64} k

[10:13] {Threei}  define setup, wait for it to get invalidated, buy under the original stop level

[10:13] {magoo} i took .05 vad

[10:14] {jfjf64} are ya in

[10:14] {dino} esi v sm l .50

[10:14] {Threei}  who?

[10:14] {magoo} i am

[10:15] {jfjf64} 3i   wfc??

[10:15] {Threei}  why would I?

[10:15] {Threei}  original setup was invalidated

[10:15] {jfjf64} ??sorry   

[10:16] {dino} kndl sm l .20

[10:16] {pita} discipline, discipline - message to self

[10:17] {Threei}  CAT nice pullback

[10:18] {Threei} Long Setup:  CAT  .15 if stays above 29.05

[10:18] {ese} vad would there ever be a time when financials act against FAZ....

[10:19] {Threei}  some particular ones could

[10:19] {Threei}  as a sector, no

[10:20] {elepet} good morning

[10:20] {Threei}  elepet :)

[10:22] {nemo} RIMM short?

[10:22] {Threei}  half lot

[10:22] {nemo} teasing us

[10:22] {Threei}  invalidated anyway

[10:23] {nemo} yep

[10:23] {Threei}  watch for new consolidation though

[10:23] {nemo} below .50

[10:23] {dptl} cat?

[10:23] {Threei}  don't know dp

[10:23] {dptl} ok

[10:24] {Threei}  maybe if reestablishes the range

[10:24] {Threei}  at least one more pullback

[10:24] {Threei}  holding above comfortable stop level, then break

[10:24] {ese} thinkin L faz here

[10:26] {ese} L faz .20

[10:26] {Threei}  no entry CAT still

[10:27] {nemo} what stop ese?

[10:27] {ese} .15

[10:27] {ese} l 2 lots

[10:28] {ese} break even now

[10:28] {Threei}  you have 1:3 here

[10:28] {ese} out faz .34 +.14

[10:28] {nemo} 20000 of the little buggers, huh ese?

[10:29] {ese} no not on this one...don't have that kind of nerve

[10:30] {Threei}  PALM lost its mind

[10:30] {ese} would sure like to see FITB around the 3.00 mark again

[10:31] {Threei}  sheesh CAT

[10:32] {larisa} bounced after doing 100% retrace

[10:33] {ese} nice bounce

[10:33] {Threei}  bounce zone was clear, but the dance they do before jumping up is making ewntry quite a challenge

[10:33] {ese} palm keeps on ticken as well

[10:34] {Threei}  WFC

[10:34] {nemo} RIMM teasing again

[10:37] {Threei}  FAZ pullback into bounce zone

[10:39] {Threei}  hate to be so vague but I have hard time nailing exact entries today

[10:40] {nemo} volumes pretty strong this morning

[10:40] {dino} welcome to my world

[10:40] {Threei}  things move in price areas rather than in preice levels

[10:41] {dino} xlf gap around 9.25 

[10:44] {ese} LFitb .30

[10:45] {Threei}  one more crazy thing: ARST

[10:46] {dino} what did you call me

[10:47] {nemo} ha....ha....ha....

[10:48] {dino} arst down big yesterday only thing i see

[10:48] {nemo} got a big kick in the arst...huh Dino?

[10:48] {ese} out Fitb .37

[10:49] {dino} :)

[10:50] {Threei}  remember photo op of prez wioth CAST CEO when they pushed stimulus through?

[10:50] {dino} hmmm ibm misses goes up, txn beats goes down

[10:50] {Threei}  CAT ceo

[10:50] {Threei}  look at this:

[10:50] {Threei}  CAT EXEC: US GOVT STIMULUS PROGRAM IS DISAPPOINTING AND "MISSED AN OPPORTUNITY

[10:51] {dino} because only 4% goes to infrastructure

[10:53] {Threei}  WFC is 60 cents up from the moment I gave very clear buy signal:

[10:53] {Threei}  [10:34] {Threei} WFC

[10:53] {Threei}  can I claim the credit?

06[10:53] * magoo slaps Threei around a bit with a large trout

[10:53] {nemo} NOPE

[10:53] {magoo} no u didnt take it

[10:53] {Threei}  sigh

[10:54] {magoo} out WFC here .43

[10:54] {Threei}  lol

[10:56] {nemo} Think RIMM will make up it's mind anytime soon?

[10:58] {Threei}  feels rather like rally in the making

[10:58] {vinod} Politician on TV with geithner trying to figure out 1+1=3 or=1.5

[10:59] {Threei}  lol

[10:59] {jfjf64} wfc  wow

[10:59] {Threei}  just pick anything but FAZ and buy

[10:59] {Threei}  BAC... WFC...

[11:00] {Threei}  TCK

[11:00] {Threei}  ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED

[11:00] {Threei}  hatled

[11:04] {Threei}  FAS green

[11:05] {Threei}  I identified trading skill I need to master

[11:05] {Threei}  throw the discipline out of the window and buy when I feel so

[11:06] {larisa} you do not need a skill for that :)

[11:06] {ese} we do but vad doesn't

[11:06] {Threei}  well, I have discipline ingrained so deeply, I really do :)

[11:07] {magoo} just throw out trades and keep stops boss

[11:08] {Threei}  and when tooo many of them get stopped, we hhave what we did yesterday

[11:08] {Threei}  not many are happy with that either

06[11:08] * magoo slaps Threei around a bit with a large trout

[11:08] {jfjf64} correct

[11:08] {vinod} trade out of frustration. The market punishes angry traders

[11:08] {magoo} snap out of it

[11:08] {magoo} wheres they russian bear i admire

[11:08] {Threei}  lol

[11:09] {magoo} risk IS our business

[11:09] {Threei}  APWR

[11:09] {Threei}  WINS TWO CONTRACTS TOTALING $75.3 MILLION FOR ANHUI WENERGY CO., LTD.''S BIOMASS-BASED MICRO-GRID ELECTRICITY GENERATION PROJECTS

[11:09] {Threei}  no

[11:09] {Threei}  managing risk is our business

06[11:09] * magoo slaps Threei around a bit with a large trout

[11:10] {magoo} your so licky i cant put in my own words

[11:10] {Threei}  and today just hasn't presented enough opportunities with manageable risk

[11:10] {Threei}  APWR

[11:10] {Threei}  wow

[11:10] {jfjf64} crazy

[11:15] {magoo} BAC crazy

[11:15] {dino} dino slaps vad around saying get w/it

[11:16] {Threei}  FITB goes back over 4 or what

[11:16] {nemo} in anything I grabbed a bagel?

[11:16] {Threei}  CAT

[11:16] {Threei}  CFO: CAT FINANCIAL HAS DONE A REMARKABLE JOB IN A TOUGH ENVIRONMENT, MAINTAINING LIQUIDITY WITHOUT NEEDING TO ISSUE MORE DEBT IN THE QUARTER; CALLS CAT FINANCIAL A "SIGNIFICANT ASSET" FOR THE COMPANY - CONF CALL

[11:16] {dino} kndl stop to .60

[11:17] {dino} patting himself on the back, cat

[11:17] {nemo} see RIMM jumpe while I was gone

[11:18] {nemo} What happened to TCK?

[11:18] {Threei}  [11:00] {Threei} TCK

[11:18] {Threei}  [11:00] {Threei} ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED

[11:18] {Threei}  [11:00] {Threei} hatled

[11:20] {dino} titn l .01

[11:22] {ese} still don't like the TRIN at 2.87...someone somewhere is selling like crazy......me thinks this market is going down tomorow

[11:22] {magoo} too far away es

[11:22] {ese} too true eh...

[11:23] {ese} as one of vads students....i should be disciplined for that remark

[11:24] {dino} kndl to .69

06[11:24] * nemo slaps ese around a bit with a large copy of MPP, TTR, and The Marquis DeSade

[11:25] {Threei}  I can't believe FITB

[11:25] {Threei}  I can't believe I missed whole rally today either

[11:25] {Threei}  I need a week in Tibet cave

[11:26] {magoo} with magoo

[11:27] {Threei}  sorry mags, I am as straight as they get

[11:27] {magoo} oh F

[11:27] {magoo} me too

[11:27] {nemo} how's you're ankle Mags?

[11:27] {magoo} baddddd

[11:27] {Threei}  I like you... but not that much

[11:27] {magoo} i dont even like yuo lol

[11:27] {Threei}  lol

[11:27] {Threei}  good one

[11:27] {dino} out kndl +.49

[11:27] {Threei}  can't blame you though, I don't like myself today either

[11:29] {Threei}  didn't see whole yesterday selloff as anything but shakeout, and said that; saw today opening as buying opportunity and said that; and all I came up with were those couple FITB scalps?

[11:33] {nemo} tck biing again @ 9.68

[11:33] {dino} plenty of day left vad

[11:35] {ese} signing off for about an hour....gotta teach a fun class...this is fun music is fun...it's a good life

[11:37] {dino} have fun

[11:41] {dptl} cenx?

[11:42] {Threei}  TCK open

[11:42] {dino} otex

[11:43] {Threei}  ugh... missed actual opening time

[11:43] {jfjf64} ??

[11:44] {nemo} [11:33] {nemo} tck biing again @ 9.68

[11:48] {pita} C&H on QQQQ?

[11:48] {Threei}  yes

[11:51] {dino} mygn 

[11:53] {Threei}  .65 is Qs break point

[11:54] {Threei}  but pullback is a bit too deep

[11:56] {vinod} you mean qqqq?

[11:57] {Threei}  yeah

[11:58] {pita} later all

[11:59] {Threei}  take care pita

[12:00] {Threei}  no news MYGN

[12:00] {Threei}  no idea what kills it

[12:03] {dino} sm l otex .12

[12:04] {Threei}  FAZ... 10.50 break is a short trigger

[12:04] {wulff} you like FAS break?

[12:04] {Threei}  which is yeah, FAS breakout trigger

[12:05] {Threei}  lunch time...

[12:07] {dptl} .68 stop for faz?

[12:08] {Threei}  above .65

[12:08] {dptl} in

[12:09] {Threei}  CAT CEO: DIVIDEND WILL ENDURE MORE DISCUSSION; WANTS TO KEEP DIVIDEND - CONF CALL

[12:10] {dino} cut coming

[12:10] {Threei}  lol

[12:10] {nemo} in reverse, Faz aove 60 long, FAS short?

[12:11] {nemo} above

[12:11] {Threei}  .65 is top of the range

[12:11] {Threei}  don't know really

[12:11] {nemo} oh yeah, plus lunch

[12:14] {dino} otex stop to .34

[12:19] {Threei}  meaningless 2 cents up, 2 cents down...

[12:19] {nemo} I think I'll go pet the horses

[12:21] {dino} otex to .52

[12:24] {dptl} anybody in faz still?

[12:24] {dawg} yes

[12:25] {Threei}  (US) FED'S STERN: WARNS THAT SOME SMALLER FIRMS CAUSE A SIGNIFICANT SYSTEMIC RISK, WOULD NOT BE IDENTIFIED BY A TEST BASED ON SIZE

[12:25] {Threei}  - Focusing on constraining the size of banks and financial firms could squander chances for reform

[12:25] {Threei}  will they ever shut up?

[12:26] {Threei}  none opf them said anything that resulted in something constructive, any single time

[12:27] {dptl} i am out .35 faz ty

[12:27] {dawg} out in full faz ty Vad

[12:27] {Threei}  welcome guys... entry at the upper end of the range would be best

[12:27] {dino} time will fix the problem, hands off is best 

[12:28] {Threei}  TCK is consolidating interestingly

[12:28] {dino} fstr

[12:29] {Threei}  worth a try IMO

[12:29] {Threei}  .75 break

[12:29] {Threei}  with stop under .65

[12:32] {dptl} in

[12:33] {magoo} innnnnnnnnnnnnnnnnnnnnn

[12:33] {nemo} in

[12:34] {dino} out otex .59, +.47

[12:35] {dino} apol sm l .50

[12:38] {ese} hi there...back

[12:40] {ese} everybody filthy stinking rick yet....hmmmmmmm....whats takin ya so long

[12:40] {ese} rich

[12:40] {Threei}  yes ese

[12:41] {Threei}  we took a page from your book

[12:41] {Threei}  and usurped your ATM

[12:41] {ese} lol

[12:41] {Threei}  scalped 2 billion shares on FITB 3 times from .78 to .83

[12:41] {magoo} and only 345,000 commission 

[12:41] {Threei}  shh mags... don't tell him the best part

[12:42] {ese} rotfl

[12:42] {Threei}  that we delegated commssions to him

[12:42] {Threei}  while keeping profits to ourselves

[12:42] {ese} alright...alright already.....

[12:42] {ese} too funny

[12:42] {magoo} forgot i was in tck lol

[12:43] {Threei}  President leaves the door open to prosecution Bush's admin offials

[12:44] {magoo} for what?

[12:44] {Threei}  I swear, this presidency is going to be so divisive, Bush and Cheney will look like two kissing doves of peace to us

[12:44] {Threei}  for torture magoo

[12:45] {magoo} its like mccarthyism

[12:45] {Threei}  not that I would be willing to go bhunting with Cheney, mind you

[12:45] {nemo} just stay behind him

[12:46] {dptl} still same stop for tck?

[12:47] {Threei}  it was so close to 1:1, I'd guess trailing to under .70 makes sense

[12:47] {dptl} ok ty

[12:49] {Threei}  FITB break of .80 - I really struggled with that call, and it danced in place fo so long

[12:49] {Threei}  then suddenly took off

[12:49] {Threei}  shrug

[12:50] {Threei}  TCK on the other hand, whicbh is much more mobile than FITB... goes nowhere

[12:50] {nemo} Big pop today, also challenging six month highs

[12:50] {nemo} Might be having a Wile E. moment

[12:51] {Threei}  FAS/FAZ...

[12:52] {Threei}  I really can't even define what reasonable is in this market

[12:52] {jfjf64} ?

[12:52] {magoo} WFC BAC highs STRONG

[12:52] {Threei}  find me one single person in the world who would expect FAS 2 dollars move off lows

[12:53] {Threei}  or FAZ 3 1/2 drop

[12:53] {nemo} may be snapback from the phony story on banks failing stress test yesterday

[12:54] {Threei}  I don't believe that story had much to do with drop

[12:54] {magoo} out TCK

[12:54] {magoo} cant take it lol

[12:54] {Threei}  it looked phony from the get-go and was largely dismissed as such by any serious source

[12:55] {Threei}  it just coincided with "normal" drop

[12:57] {dptl} stopped tck

[13:01] {ese} gotta figure the faz is gonna reverse some ...

[13:01] {Threei}  well

[13:01] {Threei}  question is:

[13:02] {Threei}  how do you tell whether it happens at -1, - 2 or -3 1/2 off the top?

[13:02] {Threei}  unless it forms decent setup

[13:02] {Threei}  which it doesn't

[13:02] {magoo} u ask magoo..he'll tell u  

[13:02] {Threei}  okay

[13:02] {Threei}  magoo?

[13:02] {dino}  out esi .60, +1.10

[13:02] {Threei}  where does FAZ reverse?

[13:02] {dino} nflx

[13:03] {magoo} but prob is i like financials long

[13:03] {ese} were you short dino

[13:04] {ese} wasn't here when you got in

[13:05] {dino} l from hours ago

[13:05] {KSystems} chinggis :) welcome

[13:05] {dino} 97.50 in

[13:05] {ese} nice

[13:05] {dino} had 2.50, blew it

[13:05] {ese} what kinda stop...trailing

[13:06] {dino} 100 shares only 3 buck

[13:06] {dino} gets to 96 area will hit again

[13:07] {Threei}  GOOG

[13:07] {Threei}  CFO: COMPANY HAS NOT CUT ANY OF ITS R&D SPENDING

[13:08] {magoo} hmmmmmmmmm

[13:09] {Threei}  market seem to be reversing to me

[13:09] {Threei}  watching WFC for short in .70 area

[13:10] {magoo} u read my mind

[13:10] {magoo} honestly

[13:11] {Threei}  if this is not a scary hought...

[13:11] {nemo} you two together in a cave...that's scary

[13:11] {Threei}  first weakness from here, with stop .80

[13:11] {magoo} futes pop

[13:12] {magoo} everythings moving higher carefu;l

[13:12] {Threei}  in .74

[13:13] {Threei}  stop is negligible

[13:13] {dptl} .73

[13:13] {nemo} for a short

[13:13] {dptl} .81?

[13:13] {nemo} boy's got stunads

[13:13] {Threei}  .81 - .82, yeah

[13:13] {magoo} short bacon .73

[13:14] {magoo} oops, bacon = bac

[13:15] {magoo} we call it bacon dino and i

[13:15] {Threei}  I knew there must have been someother weirdos out there, not just me

[13:16] {Threei}  ty for confirmation

[13:16] {magoo} u call it that?

[13:16] {Threei}  covering half .64

[13:16] {Threei}  scalpers take yor profit

[13:16] {magoo} iu that too

[13:16] {Threei}  and, as they say in the Bahamas, protect ya tings

[13:17] {dptl} half out

06[13:18] * Threei sends WFC a black mark in the envelope

[13:18] {dptl} out all .52 ty

[13:18] {Threei}  welcome

[13:18] {Threei}  gosh... first really easy play today

06[13:19] * Threei slaps magoo around a bit with a large roll of cash

[13:19] {vinod} ty great call wfc cover 0.55

[13:19] {Threei}  covering 1/4 more .50

[13:19] {Threei}  vinod :)

[13:19] {Threei}  got exactly what I wanted, bounce into upper BB envelop to short into

[13:20] {Threei}  out in full

[13:20] {vinod} i usually go in full and out full untill i get used too

[13:20] {Threei}  .44, +.30

[13:20] {Threei}  I do too whne I scalp

[13:20] {magoo} out .44 WFC

[13:20] {magoo} ty vad

[13:20] {Threei}  but this one was begging for bigger move

[13:20] {Threei}  welcome mags

[13:20] {magoo} still short bacon

[13:21] {magoo} ok..out bacon .65

[13:21] {Threei}  this is truly offensive for us, meat-eaters

[13:21] {Threei}  I suggest ban on BAC shorting

[13:21] {magoo} i know i know..i am in that group

[13:22] {magoo} never happen

[13:22] {Threei}  from now on, this room can only go long BAC

[13:22] {Threei}  you want short financial neame, pick any other

[13:24] {Threei}  come to think of it, that short entry was also double top with second one made on lower volume

[13:24] {Threei}  I didn't realize it at the time,

[13:24] {Threei}  mentioning now in educational purposes

[13:25] {larisa} I thought you played that pattern, what pattern you you used to get in ?

[13:26] {Threei}  establishing downtrend, bounce into upper BB channel without making new high

[13:26] {Threei}  that it coincided with double bottom became clear to me after the fact, lol

[13:26] {Threei}  sometimes I am slow

[13:27] {Threei}  first who jokes about "sometimes" gets trouted relentlessly

06[13:27] * Threei looks at magoo

06[13:27] * Threei looks at nemo

[13:27] {Threei}  okay then...

[13:28] {magoo} sometimes???

[13:28] {Threei}  too late... I holstered the trout already

[13:29] {Threei}  WFC

[13:29] {Threei}  upper BB is .60

06[13:29] * nemo slaps magoo around a bit with a large chatroom etiquette

06[13:29] * nemo slaps magoo around a bit with a large book of chatroom etiquette

[13:30] {Threei}  C

[13:30] {Threei}  - CEO Pandit: Govt has no active role in Citi's management (reminder: yesterday reports surfaced that the FDIC had discusssed replacement for Citigroup CEO)

[13:30] {Threei}  not since McCarthy times was gornment such a scarecrow

[13:31] {nemo} WFC short below .40?

[13:31] {Threei}  no

[13:31] {Threei}  I don't want to short breaks

[13:31] {Threei}  bounces if you can get good entry

[13:31] {Threei}  it's not an easy way bit much safer

[13:33] {Threei}  how about this?

[13:33] {Threei}  imagine getting caught in that spike

[13:34] {nemo} Yes...but I figured if it broke that support @ .40 it was good until support @ about .30 for a scalp.  I would have had to been fairly quick, which is not my modus operandi

[13:35] {nemo} TCK breaking down

[13:36] {Threei}  upper BB .60, high of previous bounce right there too

[13:36] {Threei}  let it bounce close, pause,

[13:36] {Threei}  if it doesn't make new high and start breaking down, short it

[13:36] {Threei}  while keeping an eye on FAZ

[13:36] {Threei}  to make sure it tunrs up

[13:36] {Threei}  your stop will be minimal

[13:37] {nemo} if it breaks .60 go long

[13:37] {Threei}  higher high, no go

[13:37] {nemo} broke .60

[13:37] {Threei}  nah

[13:37] {Threei}  no shorting doesn't necessary mean long

[13:38] {Threei}  FAZ

[13:38] {Threei}  watching for bounce

[13:39] {Threei}  missed

[13:40] {Threei}  pullback closer to 10 if we get lucky

[13:40] {Threei}  C

[13:40] {Threei}  CEO: WANTS TO RESTORE DIVIDEND AS FAST AS POSSIBLE

[13:40] {nemo} depends on how much more taxpayer money he can get

[13:40] {Threei}  in FAZ

[13:40] {Threei}  stop under 10

[13:41] {Threei}  no worky

[13:41] {magoo} BAC vad

[13:41] {magoo} .92

[13:41] {magoo} finnies too STRONG

[13:41] {Threei}  not sure where this spike is coming from, no news that I see

[13:45] {Threei}  sheesh

[13:45] {Threei}  that's not trading, that's shooting darts

[13:45] {magoo} really..double sheesh

[13:45] {nemo} while ducking incoming

[13:45] {Threei}  what the deuce was that

[13:45] {nemo} a deuce bag

[13:46] {magoo} allow me vad.............

06[13:46] * magoo slaps nemo around a bit with a large trout

06[13:46] * magoo slaps nemo around a bit with a large trout

06[13:46] * magoo slaps nemo around a bit with a large trout

[13:46] {Threei}  thank you

[13:46] {nemo} What took so long

[13:47] {magoo} this is a preschool site nemo

[13:47] {magoo} u ever see the baby on etrade?

[13:47] {Threei}  heh..two can play this game

[13:47] {magoo} vad stole him to laser

[13:47] {Threei}  took .98 on FAZ, out 10.10

[13:48] {Threei}  watch these teleportations

[13:48] {Threei}  there is a rythm to them

[13:48] {Threei}  they are scalpable

[13:49] {KSystems} faz? i bought it for a swing...

[13:49] {nemo} Vad interesting formation on TCK

[13:49] {Threei}  ?

[13:50] {nemo} Wedge up off that bottoming Bollinger band setup you like

[13:51] {nemo} Preschool?  When's nap time?

[13:51] {Threei}  way too narrow for that nemo

[13:53] {Threei}  anyone caught entry on FAZ this time?

[13:53] {Threei}  not something easy to call in time with these lightening moves

[13:53] {Threei}  you have to get the idea and catch it yourself

[13:54] {ese} signing off for the day   see ya tomorow

[13:54] {Threei}  should pullback now

[13:54] {Threei}  take care ese

[13:54] {magoo} buy ese

[13:54] {ese} see ya vad and thank you

[13:54] {ese} see ya mags

[13:54] {Threei}  welcome, even though I am not sure for what

[13:54] {Threei}  but hey... I am not the one to turn down heartfelt thank you

[13:55] {Threei}  here is my pullback

[13:55] {Threei}  a few cents more and bounce

[13:57] {Threei}  SEC'S SHAPIRO: SEC EXPLORING A PROPOSAL OVERY 'PAY TO PLAY' FUND RULES

[13:57] {Threei}  see the rythm?

[13:59] {Threei}  anyone got it??

[14:00] {Threei}  come on guys

[14:00] {magoo} i'm a white trader, i got no rythgm

[14:00] {nemo} me neither

[14:00] {dino} sm l nflx .50

[14:00] {magoo} cant jump either

[14:00] {nemo} although  TCK is up

06[14:00] * Threei slaps magoo around a bit with a large manuscript of political correctness

[14:00] {magoo} SEEEEEEEEE

[14:01] {magoo} reverse discrim

[14:01] {magoo} i cant even mention im white he he

[14:01] {nemo} Custodial engineer will be back at work again at the close

06[14:01] * Threei slaps magoo around a bit with a large affirmative action manual

[14:01] {magoo} or that i cant jump

[14:01] {nemo} Well...you broke your ankle, and your old

[14:02] {nemo} you're

[14:02] {Threei}  and overweight

[14:02] {magoo} holy crap, kickin magoo lol

[14:02] {nemo} pot calling the kettle black there

[14:02] {Threei}  hey, how often do we get a chance to kick a guy with broken ankle?

[14:02] {nemo} Me...often

[14:02] {Threei}  sorry, but we can't let such opportunity go

[14:03] {magoo} u know..i can accept that reasoning

[14:03] {nemo} understood...Can we make fun of his looks?

[14:03] {nemo} FAZ broke resistance

[14:04] {Threei}  feels to me FAZ is going to be ofgf to races very soon

[14:05] {Threei}  and market will be dropping some more

[14:09] {Threei}  FAZ entry is coming

[14:10] {Threei}  MYGN

[14:10] {Threei}  JP MORGAN MAKING POSITIVE COMMENTS - UPDATE

[14:12] {Threei}  in .15

[14:13] {Threei}  ugh... wanted to short WFC around .40

[14:13] {Threei}  no chance I guess

[14:13] {Threei}  half out FAZ

[14:14] {magoo} i took skf off call

[14:14] {Threei}  not too shabby

[14:15] {magoo} in 64.50

[14:15] {Threei}  [14:04] {Threei} feels to me FAZ is going to be off to races very soon

[14:15] {Threei}  I think I am getting my grip on the market back

[14:15] {jfjf64} yabba dabba fazz

[14:15] {magoo} and magoo interprets as..looky SKF

[14:15] {Threei}  why not... same thing...

[14:15] {Threei}  ballbreaker, nutcracker...

[14:16] {magoo} hmmmmmmmmm

[14:17] {Threei}  pullback is coming

[14:17] {nemo} in market or FAZ?

[14:17] {Threei}  FAZ should drop into .28 - .30 area

[14:17] {Threei}  in FAZ

[14:17] {Threei}  ounce for market

[14:17] {Threei}  bounce

[14:18] {Threei}  (JP) BANK OF JAPAN TO REPORTEDLY TRIM GDP FORECAST IN 2009 TO -5% TO -3% - NIKKEI NEWS

[14:18] {Threei}  - Reminder: last night a Govt source indicated that officials in Japan were to lowe their GDP forecast to -3%

[14:19] {Threei}  no pullback

[14:20] {vinod} coun't get in faz

[14:20] {magoo} out .70

[14:20] {magoo} + 1 something

[14:20] {Threei}  SKF?

[14:20] {Threei}  good one

[14:20] {magoo} yeah

[14:20] {magoo} [14:15] {magoo} i took skf off call

[14:20] {magoo} [14:15] {&Threei}  not too shabby

[14:20] {magoo} [14:16] {magoo} in 64.50

[14:20] {magoo} [14:16] {&Threei}  [14:04] 

[14:22] {dino} stopped nflx-.28

[14:24] {dptl} wfc short?

[14:25] {Threei}  feels to me yes

[14:25] {Threei}  and FAZ long

[14:25] {Threei}  exact entries is a headache to call

[14:25] {dptl} yeah

[14:26] {Threei}  sorry guys, this is kind of situation where all I can do is oputline general idea and now and then give you entries when I can

[14:26] {Threei}  doesn't happen often,

[14:26] {Threei}  normaslly I am very precise with entries stops and to certain degree exits

[14:27] {Threei}  but today is now it

[14:27] {Threei}  look

[14:27] {Threei}  what the heck just happened?

[14:28] {Threei}  today is NOT it I meanr

[14:28] {dino} nflx big rinse

[14:30] {Threei}  in FAZ .22

[14:30] {Threei}  stop under .10

[14:30] {vinod} infaz 10.14

[14:30] {Threei}  out

[14:30] {Threei}  shrug

[14:31] {vinod} i have stop at 10.00

[14:35] {vinod} stoped

[14:35] {Threei}  quite amazing waves

[14:40] {vinod} now it going to be 11.

[14:40] {vinod} since i am out

[14:41] {Threei}  or 9

[14:41] {Threei}  and you'll be very happy to be out

[14:41] {vinod} yes, it is part og play

[14:41] {vinod} of

[14:43] {nemo} pullback to .95 on FAZ?

[14:44] {nemo} nope

[14:44] {Threei}  can't tell

[14:48] {vinod} this is a phony rally by banks

[14:52] {Threei}  lol

[14:53] {nemo} what?

[14:55] {Threei}  these drops and spikes out of nowhere

[14:57] {dino} apol stop to .20

[15:01] {Threei}  WORLD BANK PRESIDENT: USD WILL REMAIN THE WORLD'S RESERVE CURRENCY

[15:01] {Threei}  heh

[15:01] {Threei}  who would have thought

[15:02] {dino} to .45b apol

[15:02] {dino} to .50

[15:03] {dino} out apol .50, +1.00

[15:05] {vinod} Threei  who would have thought -My Original purpose to come to US was to get some green

[15:06] {vinod} But they made me work for it

[15:07] {Threei}  lol

[15:07] {Threei}  look at FAZ

[15:07] {Threei}  glad you are out?

[15:08] {dino} intc l .15

[15:08] {vinod} you are correct it going to be at 9

[15:08] {cosmo} fas hod

[15:09] {Threei}  US) EPA: WAXMAN-MARKEY CLIMATE BILL WOULD HAVE A FAVORABLE ECONOMIC IMPACT, COULD PLAY A KEY ROLE IN ECONOMIC RECOVERY

[15:09] {Threei}  - Note that this bill is centered around a cap-and-trade system that is intended to reduce American greenhouse gas emissions to 20% below 2005 levels by 2020, and to 83% below 2005 levels by 2050.{

[15:09] {nemo} cap & trade is wealth transfer

[15:09] {nemo} not creation

[15:09] {cosmo} scam too

[15:10] {nemo} so it'll be a net negative because of transaction costs...idiots

[15:10] {Threei}  sigh

[15:10] {cosmo} it never got a stress test either

[15:12] {magoo} vad, we in anythiong?

[15:12] {Threei}  tes

[15:12] {Threei}  in shoskc and awe

[15:12] {Threei}  shock too

[15:13] {magoo} thiong?

[15:13] {Threei}  am I dyslexic...

[15:13] {magoo} in any thong? lol

[15:13] {nemo} hehehehehe

[15:13] {Threei}  I mean, diksleksic

[15:13] {nemo} dyspeptic

[15:18] {magoo} vad, u in any thong here?

[15:18] {Threei}  ummm

[15:19] {Threei}  this is second time today you make me question your orientation, mags...

[15:19] {dptl} lol

[15:19] {magoo} roflol

[15:19] {nemo} careful of your ankle mags

[15:20] {dino} intc to .27

[15:20] {nemo} fas short below .60? or FAZ long?

[15:20] {magoo} my ankle feels like when kathy bates did his ankle in in "misery"

[15:20] {dino} out intc .27, +.12

[15:23] {dino} come over here so i can kick it mapoo

[15:23] {magoo} ma poo??

[15:23] {nemo} His poo?

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

06[15:23] * nemo slaps dino around a bit with a large roll of quilted Charmin

[15:24] {dino} lol

[15:25] {Threei}  strange day

[15:25] {cosmo} IYR daily

[15:25] {Threei}  first, my read on the market seems to oscillate today

[15:25] {Threei}  comes back and fades away, time and again

[15:25] {Threei}  second, you guys are beyond strange today

[15:25] {Threei}  but that's fine... oddly enough, I find it comforting

[15:26] {dino} wicked moves today

[15:26] {nemo} pot callin' kettle black again Vader

[15:26] {Threei}  I guess, lol

[15:26] {Threei}  wicked is right

[15:26] {magoo} i have not been myself today he he

[15:26] {Threei}  who would have believed in themorning if told what FAS/FAZ were going to do

[15:27] {dino} lots of stocks down 4-10 bucks, i call that wicked

[15:27] {Threei}  mags... I don't know if that's good or bad, honeslty

[15:28] {nemo} Dino look at stats on FINVIZ.com?

[15:29] {dino} i don't know what to look at, busy

[15:30] {Threei}  UAUA CEO: NO INDICATIONS YET THAT TRAVEL HAS BOTTOMED; DIFFICULT TO FORECAST A BOTTOM

[15:31] {nemo} top of page volumes on NAS below average, average for S&P 120% for dow.  71% advancing 74% above 20 day 80% above 50 day

[15:31] {dino} ok, thx

[15:31] {magoo} i took 100 sh skf long .70

[15:32] {magoo} risky

[15:32] {magoo} would luv multi points

[15:32] {Threei}  100 shares?

[15:32] {Threei}  magoo is replaced by alien today

[15:32] {magoo} lil more..dont want hurt anyobne

[15:32] {nemo} it's the drugs

[15:32] {nemo} his ankle

[15:33] {Threei}  he trades 100 shares, he is gayishif not just gay...

[15:33] {nemo} mmmmmhhhhh....didn't somebody scold somebody about political correctness today

[15:34] {Threei}  I changed my mind

[15:34] {magoo} I AM NOT GAY..AND I AM NOT POLITICALLY CORRECT}}SO DONT GET ME GOINMG HE HE

[15:34] {Threei}  I watched thes story about miss california on TV

[15:34] {nemo} your bat your ball your park

[15:34] {Threei}  I don't want to be politically correct anymore

[15:34] {Threei}  (not that I ever did, lol)

[15:35] {nemo} yeah...at least they don't have a Lubyanka in Canada...I think???

[15:35] {magoo} fcreakin SKF..whenever im niot in it goes like 30 points

[15:35] {Threei}  girl said what she thought, wasn't offensive, wasn't exclusive or dismssive

[15:35] {magoo} when in it blows

[15:35] {Threei}  and got pillored

[15:39] {magoo} no work

[15:41] {dino} txn stop to .05

[15:41] {Threei}  we got inside day today

[15:41] {dino} stopped +.30

[15:42] {Threei}  which means, anyone's guess what happens next

[15:42] {Threei}  my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[15:42] {magoo} out SKF .19

[15:43] {magoo} + but not my 30 points:(

[15:43] {cosmo} BRCM hod test soon

[15:43] {cosmo} 20.39

[15:43] {Threei}  volume on NASDAQ is a bit higher than yesterday

[15:43] {dino} gaps above and below

[15:44] {Threei}  right

[15:44] {Threei}  inside dsay will do that

[15:44] {Threei}  leaves a lot of ucertainety

[15:44] {Threei}  only typed better

[15:45] {dino} fri close gaps up, no gaps today

[15:45] {dino} needed 825 gap to fill, just missed

[15:48] {magoo} MS reports tomorrow morn  vad

[15:48] {magoo} aapl tomorrow after bell

[15:48] {nemo} boy cable here in the backwoods of Maine really SUCKS!!!

[15:48] {dino} t prior

[15:49] {dino} buy dvd's

[15:49] {Threei}  and WFC

[15:49] {nemo} Internet connection

[15:49] {Threei}  lol

[15:49] {magoo} OYYYYYY

[15:50] {dino} then get cnbc dvd

[15:50] {cosmo} brcm gappa?

[15:50] {dino} pretty much same show every day

[15:50] {dino} c'mon titn, pappa needs some new shoes

[15:52] {nemo} did I miss anything between :38 and :48?

[15:53] {magoo} GS should 120..RISKY

[15:53] {magoo} in .,20

[15:53] {Threei}  no nemo

[15:54] {nemo} kewl

[15:54] {Threei}  today went not overly active but profitable

[15:54] {Threei}  and I really don't want to spoil it during these chaotic jumps

[15:54] {Threei}  one must know ones limitations

[15:54] {Threei}  and one has magoo to remind of them if one forgets

[15:55] {magoo} oh yea..look GS

[15:56] {Threei}  mama mia, FAZ

[15:56] {Threei}  -3 from the top

[15:56] {magoo} 120

[15:56] {Threei}  you would expect this kind of magnitude from $40 stock, not from under $10

[15:56] {dptl} have a good evening all

[15:57] {magoo} [15:54] {magoo} GS should 120..RISKY

[15:57] {nemo} hey MAGS you clear GS?

[15:57] {magoo} [15:54] {magoo} in .,20

[15:57] {magoo} [15:54] {&Threei}  no nemo

[15:57] {Threei}  take care dp

[15:57] {magoo} cut yes

[15:57] {magoo} get OUT

[15:57] {magoo} dso not hold

[15:58] {magoo} will gap at close CAREFUL

[15:58] {Threei}  hold?

[15:58] {Threei}  no way

[15:59] {magoo} nemo??

[15:59] {Threei}  MS reporting... WFC reporting...

[15:59] {Threei}  generaly earnings season

[15:59] {nemo} WFC on THursday I think

[15:59] {Threei}  FITB

[15:59] {Threei}  COMFORTABLE WITH CAPITAL LEVELS - FILING

[15:59] {magoo} u take GS nemo? u OUT??

[15:59] {Threei}  I show tomorrow morning

[16:00] {Threei}  SEES CAPITAL LEVELS EXCEEDING TARGETS IN THE NEAR TERM - ANNUAL MEETING SLIDES

[16:00] {magoo} yup vad

[16:00] {nemo} no

[16:00] {Threei}  okay guys

[16:00] {magoo} scared me bro

[16:00] {Threei}  thank you all, have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {magoo} please respond next time or i slap ya

[16:01] {magoo} vad WAIT

[16:01] {nemo} who me?  I was down for 10 minutes?

[16:01] {Threei}  what?

06[16:01] * magoo slaps Threei around a bit with a large trout

[16:01] {Threei}  oh that

[16:01] {fernp} good day here.  See you all tomorrow. Good evening

[16:01] {Threei}  good to hear fern

[16:01] {Threei}  magoo

[16:01] {magoo} good recove fern

06[16:01] * nemo kneecaps mags with a 2x4

[16:01] {jfjf64} good day all

[16:01] {nemo} now your ankle won't hurt

06[16:02] * Threei slaps magoo around a bit with a large holster containing trout inside

06[16:02] * nemo throws a handful of trout eggs at magoo

[16:02] {nemo} Vad...we'll have to move up to bigger fish...sturgeon next

[16:03] {Threei}  more stink too

[16:03] {nemo} caviar though

[16:03] {Threei}  true

[16:03] {nemo} can't whack mags with that!