That was one boring and narrow day, ending boring and laborous week.

Session Time: Fri May 01 00:00:00 2009

[08:00] {Threei} DRYS

[08:00] {Threei} TOTAL CONTRACTED REVENUE BACKLOG OF $2.3B - PRESENTATION SLIDES

[08:00] {Threei} - Total 2009-2011 Rev from long-term time charters $1.1B

[08:00] {Threei} - Investment Thesis includes: Oil prices will rebound; Resilient growth trend in China & India; Dry bulk commodity demand set to grow once recession abates; EPS Impact of drillship opportunities; Shipping stocks oversold; Leading consolidator distressed opportunities; Strong Management with long track record in Shipping, Ultra Deep Water Drilling & Capital markets

[08:00] {Threei} - 2009 Fixed EBITDA Estimates $572M

[08:00] {Threei} - 2010 Fixed EBITDA Estimates $597M

[08:00] {Threei} - 2011 Fixed EBITDA Estimates $568M

[08:02] {magoo} morning

[08:02] {Threei} magoo :)

[08:04] {nemo} magus :)

[08:05] {dptl} good morning all

[08:05] {Threei} dp :)

[08:05] {nemo} that gap in DRYS could be fun today

[08:11] {magoo} MA down on decent report

[08:13] {magoo} well.beat analysts

[08:13] {magoo} niot great after reading

[08:13] {Threei} wow

[08:13] {Threei} you actrually read those?

[08:14] {magoo} u impressed

[08:14] {Threei} anyone sees anything on PALM?

[08:14] {Threei} I am mags... very

[08:14] {nemo} also, with so many credit card holders high debt levels and credit card banks cutting back credit, there may be a limited transaction upside. More debit cards, less credit cards

[08:14] {nemo} New Palm unit coming out

[08:17] {Threei} NY TIMES: US SENATE DEFEATS PROPOSAL THAT WOULD HAVE ALLOWED HOMEOWNERS GREATER FLEXIBILITY TO RENEGOTIATE TERMS OF MORTGAGES

[08:17] {Threei} - Article noted that the mortgage provision garnered only 45 votes in the Senate, falling well short of the 60 votes necessary to break a threatened filibuster to a measure sponsored by Senator Richard Durbin, Democrat of Illinois, that would give bankruptcy judges greater flexibility to modify mortgages.

[08:18] {Threei} - Article noted that in recent weeks, major banks and bank trade associations worked closely with Senate Republicans to stop the measure. Twelve Democrats joined all the Republicans in voting against it.

[08:18] {Threei} interesting dissent

[08:18] {nemo} It

[08:18] {nemo} It's a huge threat to sanctity of contract

[08:28] {vinod} good mornng to all

[08:28] {Threei} vinod :)

[08:29] {nemo} :)

[08:29] {nemo} we under martial law yet vinod?

[08:29] {vinod} you like the article?

[08:30] {nemo} Yeah...I have martial law discussions fairly regularly in my weekend job in regards to the 2nd Ammendment

[08:30] {vinod} got to go see you after 10.30 meeting

[08:31] {nemo} ?

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

[08:57] {nemo} don't think ese :)

[08:57] {Threei} ese :)

[08:57] {ese} lousy nights sleep

[08:59] {ese} drys...gap up

[09:04] {Threei} quiet opening

[09:04] {Threei} so far at least

[09:07] {ese} seems like it

[09:08] {cosmo} give it another 20 min. sheesh

[09:09] {cosmo} HGSI

[09:10] {Threei} SQNM worth keeping eye on

[09:11] {Threei} 3.94 yesterday's high

[09:11] {fernp} hello everybody

[09:11] {Threei} fern :)

[09:11] {nemo} :)

[09:13] {dino} gm all

[09:13] {Threei} dino :)

[09:13] {nemo} dino :)

[09:15] {ese} dino

[09:15] {dino} not much so far, but will watch pnra for gap fill 55.40s, mgln-4 yesterdays, as well as mant -6.50 and itri -5.50

[09:18] {jfjf64} good mornin all

[09:18] {Threei} jf :)

[09:18] {larisa} good morning :)

[09:18] {Threei} larisa :)

[09:21] {Threei} F yest high is 5.99,

[09:21] {Threei} gapped over that, now pulled back right into it

[09:22] {Threei} with market strength, 6 break is interesting, just want it to stay under it for a few

[09:24] {cosmo} SQNM 3.87 high so far

[09:27] {dptl} you in f?

[09:27] {Threei} no

[09:28] {dptl} i got .02

[09:31] {Threei} Long Setup: DRYS .20 if holding above .10

[09:31] {nemo} day has a weird feel to it

[09:34] {nemo} drys respectiong that trend line so far

[09:35] {jfjf64} drys valid

[09:35] {Threei} FAZ

[09:36] {magoo} l GE .55

[09:37] {Threei} Long Setup: FAZ .50 break if holding .40

[09:37] {nemo} my quotes are screwed up

[09:38] {nemo} they're reversed in the LII

[09:38] {pita} gm all

[09:38] {Threei} pita :)

[09:39] {chinggis} gm all

[09:39] {Threei} chinggis :)

[09:39] {pita} miss anything? watching?

[09:39] {nemo} Khan :)

[09:40] {dino} esi blood

[09:41] {dino} mgln at uyesterdays lod

[09:42] {Threei} let's modify DRYS

[09:42] {Threei} .10 break

[09:42] {Threei} if holding 8

[09:43] {dptl} IN

[09:43] {nemo} missed

[09:43] {nemo} in

[09:43] {jfjf64} wher stop drys

[09:44] {Threei} [09:42] {Threei} if holding 8

[09:44] {nemo} you make me feel better jf

[09:48] {ese} vad do you have a screen that can catch stocks like BMRN a litle sooner

[09:49] {dino} sm l mgln .25

[09:50] {Threei} 9:40 is first alert on it

[09:50] {Threei} $13.35

[09:50] {ese} yes

[09:51] {ese} no real screen i guess.....just have to monitor it

[09:51] {Threei} before that I'd guess only pre-market would catch a gap

[09:51] {ese} tks

[09:52] {nemo} market catching a bid but not drys

[09:52] {wulff} financial pops

[09:52] {wulff} they're delicioius

[09:53] {Threei} no go DRYS

[09:53] {nemo} that hurt

[09:53] {dptl} ah..stopped -.14

[09:53] {nemo} -16

[09:54] {Threei} SQNM

[09:54] {dino} mgln stop to .55

[09:54] {ese} bmrn bull trap ...but should bounce

[09:55] {Threei} APRIL FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 65.1 V 61.9E

[09:55] {wulff} RIMM break for risk takers

[09:55] {dino} to .75

[09:55] {Threei} what the deuce

[09:56] {Threei} no news SQNM

[09:56] {ese} l bmrn .00

[09:56] {dino} v sm v wide esi l .25

[09:57] {dino} stewie

[09:57] {Threei} what was that?

[09:57] {Threei} got 3.95 fill

[09:57] {Threei} out 4.15

[09:57] {dino} mgln to .80

[09:58] {Threei} that long red tail was shake from hell

[09:58] {ese} stop .86 bmrn

[09:58] {dino} to .85

[09:59] {dino} out mgln .89, +.64

[10:00] {Threei} MAR FACTORY ORDERS: -0.9% V -0.6%E

[10:00] {Threei} APR ISM MANUFACTURING: 40.1 V 38.4E; PRICES PAID: 32 V 34.0E

[10:01] {ese} rats bmrn stopped .86 -.14

[10:02] {pita} DRYS again?

[10:03] {Threei} don't know

[10:03] {Threei} CAT

[10:03] {Threei} watching for pullback to .30

[10:04] {dino} cedc

[10:05] {nemo} there goes drys

[10:07] {dino} life sm l .00

[10:07] {ese} L hban .88

[10:09] {dino} mcd has been way underperforming

[10:09] {dino} mant

[10:10] {pita} stop HBAN ese?

[10:10] {dino} scor blood

[10:10] {ese} stop hban .80

[10:11] {Threei} Long Setup: CAT .30 break

[10:11] {Threei} if stays above .20

[10:12] {dptl} valid still ?

[10:13] {dino} life stop to b/e

[10:13] {dino} bgc

[10:13] {dino} tree

[10:13] {dino} bgfv

[10:13] {dptl} in cat

[10:14] {nemo} was it still valid?

[10:15] {dawg} .

Session Close: Fri May 01 10:15:53 2009

Session Start: Fri May 01 10:15:53 2009

Session Ident: #discussions

02[10:15] * Disconnected

02[10:17] * Attempting to rejoin channel #discussions

03[10:17] * Rejoined channel #discussions

[10:17] {ese} OK....I had it......I'm done for the day cannot judge the market today

06[10:18] * magoo slaps ese around a bit with a large trout

[10:18] {magoo} snap[ out of it man..WE NEED U

[10:18] {Threei} something's wrong with my connection

[10:18] {ese} tks......lousy nights sleep = poor judgement

[10:20] {dino} cya es

[10:20] {dino} get some zzzzzzzzzz

[10:20] {ese} oh...i'm just gonna watch...and listen...keep my mouth shut

[10:20] {pita} CAT inverted C&H

[10:21] {nemo} yep

[10:21] {Threei} quotes OK?

[10:21] {nemo} look so for me was having problems earlier

[10:21] {dino} sm risky s bgc .15

[10:21] {fernp} here, yes

[10:21] {Threei} my connection then

[10:22] {dptl} s....t stopped cat

[10:22] {dino} life stopped -.01

[10:22] {Threei} didn't it go to 1:1?

[10:22] {dptl} no

[10:22] {Threei} what the

[10:22] {Threei} I see it .40

[10:23] {ese} my quotes are now down also

[10:23] {Threei} at 10:15

[10:23] {nemo} It invalidated I thought

[10:23] {dptl} on chart yes but on level 2 no

[10:24] {fernp} 36.40 at 10:13

[10:24] {nemo} I saw prints of .17 and .18

[10:25] {pita} ditto nemo

[10:25] {nemo} yeah, so I thought it invalidated

[10:25] {nemo} pita, you take the short?

[10:26] {pita} no guts

[10:26] {magoo} long SPY .80p

[10:26] {magoo} 80

[10:26] {nemo} it was right there yelling at us

[10:26] {pita} yeah

[10:26] {nemo} Well, I was with you on that

[10:27] {pita} went with ese on HBAN - haven't recovered impetus

[10:28] {nemo} I understand...not getting off well, makes it harder

[10:28] {dino} bgc stopped -.32

[10:28] {ese} definately nemo

[10:29] {ese} but stuck to plan....stayed those stops....thats just the game

[10:30] {nemo} Yeah, I have to go get more vaseline though

[10:30] {pita} no argument there

[10:30] {ese} thats vads plan...it's made me alot of money to this point....gonna have dn days

[10:31] {magoo} vad who??

[10:31] {chinggis} FAZ?

[10:32] {ese} wouldn't mind dino's gut feeling for bounces though.......on any other day BMRN probably would have

[10:32] {Threei} can't tell chinggis, they make sudeen moves with no pattern

[10:32] {nemo} no man's land on FAZ right now

[10:32] {jfjf64} ms

[10:33] {Threei} look at that drop on FAZ around 9:50

[10:33] {Threei} what was that about?

[10:33] {dino} lol es

[10:33] {dino} bgc taunting me to try again

[10:33] {chinggis} ok ty

[10:33] {dino} mant holds lows well

[10:34] {magoo} jf..jpm too

[10:34] {nemo} C&H on BGC

[10:35] {dino} to where nemo, i don't use cups, drink from bottle

[10:35] {nemo} hahahaha...ow...laughing hurts with a hangover

[10:35] {dino} tree hod

[10:35] {magoo} nemo..u hung over?

[10:36] {nemo} faz Khan

[10:36] {dino} seriously nemo, to where?

[10:36] {chinggis} yeah I c

[10:37] {nemo} approx 34

[10:37] {dino} ok, was feeling 34.50ish

[10:37] {Threei} Long Setup: GE .65 break

[10:37] {magoo} anyone in SPY with me?

[10:37] {Threei} if stays above .60

[10:37] {magoo} .23 cents here

[10:37] {dino} i don't use the patterns

[10:38] {pita} in ge

[10:38] {fernp} in

[10:39] {chinggis} in

[10:39] {dino} life sm l .70 stop lod

[10:40] {dino} m,ant sm l .25

[10:41] {Threei} DRYS

[10:41] {Threei} HEARING MORGAN STANLEY MAKING CAUTIOUS COMMENTS

[10:42] {ese} hey hey dino....what your analysis on GPRO

[10:42] {dino} that was mant not m,ant

[10:43] {dino} my my

[10:44] {dino} i like it es

[10:45] {dino} break of .50 l imo

[10:46] {dino} or pullback at .25

[10:46] {dino} sm l .50

[10:47] {dino} stop .18

[10:47] {Threei} US REGULATORS TO REVEAL STRESS TEST RESULTS MAY 7

[10:47] {Threei} - Earlier reports suggested that Stress test results would be later next week{XLF BAC C WFC JPM}

[10:47] {ese} i may give this another try this morning....i like the break of .50 also

[10:47] {Threei} what an unbelieavable bs

[10:48] {Threei} they got themselves into such a mess with these stress tests

[10:48] {dino} never should have had them

[10:48] {Threei} of course not

[10:48] {Threei} they are not objective,

[10:48] {Threei} qwhen you get the results, results are arguable

[10:48] {Threei} and what do you do with those results?

[10:49] {Threei} they are open to interpretations

[10:49] {dino} another waste of $

[10:49] {Threei} they add to panic or to elation,

[10:49] {Threei} either can be unfounded in reality

[10:49] {dino} you see no hope of getting the $b from chy=rysler back

[10:49] {Threei} why would you want to add another uncertainty to all those we already have

[10:49] {dino} $4b

[10:49] {dino} i said let them go in late fall

[10:49] {Threei} well, chrysler deal becomes very clear

[10:50] {Threei} taxpayers funded union takeover

[10:50] {dino} bingo

[10:50] {magoo} out SPY .09..+.29 ty vad

[10:51] {magoo} ill look to reload it

[10:51] {dino} gpro stuck, tighten to .23

[10:51] {Threei} me?

[10:51] {Threei} okay... you are welcome

[10:51] {ese} gpro numbers not too bad.hmmmmmm go figure

[10:51] {ese} almost dn 6pts

[10:51] {dino} tree es?

[10:52] {dino} thought the same on gpro

[10:52] {ese} ok

[10:52] {Threei} STRESS TEST RESULTS MAY 7; TO INCLUDE CAPITAL NEEDS FOR EACH BANK AND ESTIMATED LOSSES FOR CERTAIN LOAN CATEGORIES

[10:52] {Threei} - CNBC reports release will be in the "late afternoon" on Thursday.

[10:52] {jfjf64} bravo

[10:52] {ese} tree probably had lousy numbers

[10:52] {nemo} goin' out for a while, c l8tr

[10:52] {Threei} okay, so now we are goling to gues which bank comes out smelling like roses and which like.... ummm

[10:52] {nemo} c u l8tr

[10:52] {dino} beat

[10:52] {Threei} wait

[10:53] {Threei} sell your GE first

[10:53] {dino} tree beat that is

[10:53] {ese} L Gpro .55

[10:54] {ese} sorry thats .58......need glasses

[10:55] {dino} sleep

[10:58] {dptl} cat?

[10:58] {magoo} out ESI .70 +1.70 TY vad

[10:59] {Threei} lol

[10:59] {Threei} go away mags

[10:59] {dino} what!!!!!!!!!!!!!!!!

[10:59] {magoo} oh shit, i think it was dinos

[10:59] {dino} you're buying first round for that magoo

[10:59] {dino} just made you 500

[10:59] {magoo} 500???

[11:00] {magoo} i hads 500 shares

[11:00] {dino} then credit where its due

[11:02] {dawg} .

[11:03] {dino} mant stuck, stop is .99

[11:03] {dino} bgc ranging nemo .35-.80

[11:04] {Threei} PALM 52 week highs

[11:05] {dino} darn schw wanted 17.60s for gap fill

[11:06] {dino} gpro es

[11:07] {dino} stop to .80

[11:07] {dino} out +.30

[11:07] {dino} ty es

[11:09] {Threei} anyone gets this feeling that today is going to resolve in quite sizeable move?

[11:09] {ese} whoaaa i'm asleep just noticed it

[11:09] {ese} was looking at something else

[11:09] {dino} put the porno away

[11:10] {ese} out GPRO

[11:10] {ese} .70

[11:10] {dino} and vad, my feel up 100 then close red. next week down 6%

[11:10] {ese} better than a kick in the pants....holly crap i'm out of it today

[11:12] {dino} who is this holly crap you speak of?

[11:12] {dino} you guys are humorless today

[11:13] {Threei} today?

[11:13] {nemo} back...ah shit...bgc took off without me

[11:13] {nemo} and....ge's been twaddling

[11:15] {jfjf64} uso

[11:15] {dino} life stop to .99

[11:15] {ese} no that was a good one dino.....just too tired to realise the difference

[11:15] {dino} tree nonstop

[11:15] {dino} have to get magoo to take it long so i can short

[11:16] {Threei} alternatively, I can call it long for you

[11:18] {nemo} crissakes tck just goes up everyday

[11:18] {dino} life to .10

[11:19] {dino} out life +.40

[11:20] {Threei} PALM 11

[11:20] {dino} itri sm l .98

[11:20] {nemo} bad day, huh dino, bought life .10 off the bottom

[11:20] {dino} ]huh, was in .70 out .10, +.40; first round -.01

[11:21] {nemo} oh, not as bad, only .05 off the bottom of that run, my mistake...so frickin' lucky :)

[11:22] {dawg} .

[11:23] {dino} gpro retest lod perhaps

[11:24] {dino} slgn pop

[11:28] {nemo} you awake Vad?

[11:29] {jfjf64} wake up

[11:29] {Threei} yes but I question the purpose

[11:30] {nemo} jf, gotta' use capitals

[11:30] {nemo} AOC nose ived now is hanging @ .50-.00

[11:30] {nemo} ived=dived

[11:30] {Threei} either this week was not my type of market or I was out of it... not really delighted with performance

[11:32] {magoo} yea..u suk {as i run again for fear of trout fest}

06[11:32] * nemo slaps magoo around a bit with a large 12 lb. sledge

[11:32] {dino} gpro pretty good fall

[11:32] {Threei} that's OK... I learned it long ago - you are only as good as your last call

[11:33] {nemo} what was...oh yea...ge

[11:33] {magoo} jesus..what i gotta do for a fish???

[11:33] {Threei} forget all the months or years of great stats

[11:33] {magoo} u know i think your best..just cant get a fish from ya

[11:33] {nemo} AOC breaks .50 there's some air under there

[11:33] {Threei} this last stop - that's when magoo comes in swinging {G}

[11:33] {jfjf64} im still in ge

[11:33] {jfjf64} lol

[11:33] {Threei} there is a reason for that mags...

[11:34] {Threei} I am trying to make you miserable

06[11:34] * magoo slaps laserdave around a bit with a large trout

06[11:34] * magoo slaps laserdave around a bit with a large trout

06[11:34] * magoo slaps laserdave around a bit with a large trout

[11:34] {magoo} ITS WORKING

[11:34] {nemo} big volume spike on GPRO a few minutes ago, could be bottoming Dave

[11:34] {nemo} Dino

[11:34] {laserdave} why does magoo always get me before you vad?

[11:35] {laserdave} you is getttings slowwwww

[11:35] {Threei} 'cause right now he is awake and I am not

[11:35] {nemo} Vad never tries to whack you

[11:35] {chinggis} GFIG?

[11:35] {laserdave} he alwasy used to

[11:35] {Threei} but I wouldn't go as far as to say "always"

[11:35] {laserdave} not as much anymore :(

[11:35] {magoo} vad hands out slaps like admin is surcharging him

[11:35] {Threei} I used to trout you withn seconds afdter your entrance

[11:35] {nemo} there goes AOC

[11:36] {Threei} CNBC REPORTS CHRYSLER WILL BE CLOSING 8 PLANTS AND CUTTING ABOUT 6500 JOBS

[11:36] {chinggis} any read on GFIG Vad?

[11:36] {nemo} yeah, but they'll all get 10 years pay as severance

[11:37] {dino} gpro, dk, needs another $ imo

[11:37] {Threei} I wouldn't feel safe trying long on it unless it drops under 5, chinggis

[11:37] {dino} hmmm or not it seems

[11:38] {chinggis} ok ty Vad

[11:40] {dino} nemo, you're getting good at bottoms on capits, gpro i was wrong

[11:40] {nemo} frickin tck, it ain't never gonna' pull back

[11:41] {dino} itri you had yesterday too

[11:41] {nemo} yeah, called the bottom on that, nads too small though

[11:41] {dino} wow mant moves slower than pro chess match

[11:42] {dino} size down and hit them w/wider stop

[11:42] {nemo} Now, If I coul get rid of that Wile E. feeling looking down when I find them :) Reminds me of skiing double diamonds where you look down at the slope between your skis. I was nuts

[11:43] {nemo} I know...nothing's changed

[11:43] {nemo} Just hurts more when I fall now

[11:43] {dino} can't live w/o pain nemo

[11:46] {magoo} who were u partying with last nite nemo?hungover?

[11:46] {pita} nemo - just don

[11:47] {magoo} dino doesnt know pain..try walking without crutches on a completed snapped seperated tib bone for 8 days :)

[11:47] {pita} sorry, just don't fall

[11:47] {pita} that's pain magoo, no question

[11:48] {nemo} Don't ski much any more. Forgot to eat dinner, had my usual dose of liquid medication last night. Not good if I forget to eat

[11:49] {nemo} dino dcc

[11:51] {magoo} sh SPY losss of .50

[11:51] {Threei} MAIN STREET BONDHOLDERS ENDORSES AD HOC COMMITTEE'S RESTRUCTURING PLAN

[11:51] {Threei} - Reminder: On 04/30 07:12 GM: Ad Hoc Committee of General Motors Bondholders Proposes Plan to Save GM - Proposal involves allocating new GM equity equally across the board to union VEBA and GM bondholders, pro rata to the level of financial obligation owed to each by GM. {F F.IT}

[11:52] {dino} nemo, i've lost the dcc

[11:52] {nemo} sent again

[11:52] {dino} on internet site, lost the icons w/updates

[11:53] {nemo} I use mirc

[11:54] {magoo} out spy - .07

[11:54] {magoo} duped me

[11:55] {magoo} SHIT

[11:55] {nemo} Store High In Transit

[11:55] {Threei} janitor phoned

[11:55] {Threei} he is getting irritated

[11:56] {dino} ok saw it, but again, way too tech for me, simple is better

[11:57] {Threei} you know how cockroach managed to survive millions years?

[11:57] {nemo} understood

[11:57] {nemo} I don't know any personally

[11:57] {jfjf64} ms is a monster

[11:57] {nemo} By the way Vad, I saw GPRO do your bollinger band thing

[11:58] {nemo} Then I'm familiar with the candlestick stuff-Yin Yang stuff

[11:58] {dino} itri stop toflat

[11:58] {nemo} What was the comic strip with Opus P. Penguin?

[11:59] {nemo} Bloom county

[11:59] {nemo} Anyway...Opus P. is talking to a cockroach one day

[11:59] {nemo} And the cockroach is telling them how they've been around for millions of years

[11:59] {nemo} How they can survive extremes of hot and cold

[12:00] {nemo} How they can survive desert and monsoon

[12:00] {nemo} How they can survive radiation

[12:00] {nemo} Opus P. looks at him

[12:00] {nemo} and stomps him into oblivion

[12:00] {Threei} F

[12:00] {Threei} REPORTS APRIL VEHICLE SALES -31.4% V -30%E,

[12:01] {Threei} frikin PALM just climbs

[12:02] {vinod} nemo-Flu fear shuts Harvard

[12:03] {nemo} yeah...med student got it

[12:03] {nemo} no shaking hands at graduation

[12:03] {Threei} DRYS...

[12:04] {Threei} does this thing prepare .50 break and run?

[12:04] {vinod} three of its major schools on the Longwood medical campus

[12:04] {dino} anen

[12:04] {pita} Vad, you're the answer man, not the question man.

[12:05] {Threei} not this week pita, lol

[12:05] {larisa} CAT better break this time

[12:05] {dptl} so .50 long?

[12:06] {nemo} lunchtime breakouts on a dead day

[12:06] {Threei} yeah... questionable proposition

[12:07] {Threei} look at CAT break attempt

[12:07] {larisa} real fight at .95 just can not do it

[12:07] {nemo} cat had volume spike on last red, could be a top

[12:08] {nemo} that last green volum spike couldn't maintain any momentum

[12:09] {nemo} that overnight gap in DRYS worries me also

[12:09] {larisa} you worry too much :)

[12:09] {Threei} NIssan REPORTS US APRIL SALES -38% TO 47,200K UNITS

[12:10] {nemo} use another word then...draws my attention?

[12:10] {larisa} :)

[12:10] {nemo} rates low on my bullish scale

[12:10] {nemo} sticks in my craw

[12:11] {dino} lol larisa

[12:11] {ese} dino...do ya think gpro...might be worth another shot

[12:12] {ese} L at .50 or .00

[12:12] {nemo} well, who took DRYS

[12:14] {Threei} if you firmly decide to get on one of these steady climbers, you'd do better with PALM

[12:14] {dino} yes es

[12:14] {dino} report is not bad at all, more like strike messing w/it

[12:16] {jfjf64} cat breaks 37

[12:16] {nemo} wow lunchtime breakouts

[12:16] {nemo} figures

[12:16] {nemo} gpro moving

[12:16] {larisa} best play on CAT was off .80, not breakout. struggling too much

[12:17] {Threei} right

[12:17] {dptl} best one was off .30 :)

[12:18] {nemo} dork

[12:18] {nemo} just got a call from the janitor

[12:20] {larisa} dp became swing ? :)

[12:20] {larisa} .30 is another story

[12:21] {dino} man wall of china on itri at .35

[12:21] {ese} alas poor dork....I knew him well

[12:21] {dptl} ye dp is looking at bottle of brandy right now ,thinking to start weeken early :)

[12:21] {ese} missed .50 dino

[12:22] {dino} you dog dp, i want in

[12:22] {dptl} come over :)

[12:22] {dino} 3 1/2 hrs to go

[12:23] {dino} haven't had a beer since sunday

[12:23] {Threei} great... chrysler creditors president lashed out at are getting named

[12:23] {Threei} next round of witch hunt in the making

[12:23] {dino} there is a "rule of law" isn't there?

[12:24] {Threei} tends to lose in court of popular opinion lately it seems

[12:24] {dino} in yobamas' world i loan you $ but you don't have to pay me back

[12:24] {Threei} Atlas Shrugged

[12:25] {dino} yes

[12:25] {Threei} I mentioned this analogy when the whole thing was just starting... looks more and more like direct quotes from there every day

[12:26] {Threei} look at SQNM flatlining just under .20

[12:26] {Threei} volume all but disappeared

[12:26] {Threei} this one is a candidate for a run closer to eod

[12:27] {Threei} we will have hopefuls for recovery buying for possible for gap... and dp will be drunk

[12:27] {dino} gpro maybe off of .00

[12:28] {Threei} consider buying .20 break and holding for retest of .40 at least

[12:28] {Threei} could take a few tries

[12:28] {Threei} just feels to me there are less sellers left on it than buyers

[12:28] {Threei} washout was very good yesterday

[12:29] {Threei} and the way it exploded today and sustained next stage of the move fits

[12:29] {dptl} where would be stop if it takes .20?

[12:30] {Threei} if sets up from here, under /15

[12:30] {dino} not touching it

[12:30] {Threei} PALM finally decent pullback

[12:30] {Threei} I want to keep stop tight on it dp, in order to be able to try a few times if it makes false start

[12:31] {dptl} ok ty

[12:32] {dino} now i see the reason for the brandy

[12:32] {Threei} lol

[12:32] {dptl} lol

[12:32] {Threei} can't believe it took you so long dino, and can't believe you even neded any reason

[12:33] {Threei} the very existence of good brandy or single malt is the reason in and of itself

[12:33] {dino} sometimes i just expect too much

[12:33] {Threei} we wll tend to overdo things...

[12:33] {dino} lphi

[12:34] {Threei} you expect too much... nemo worries too much... dp drinks too much...

[12:34] {dptl} how much is to much?

06[12:34] * Threei slaps dptl around a bit with a large bottle of 12 years old Glenlivet

[12:35] {Threei} that would too much - if you drank it without me

[12:35] {magoo} what i do too much?

[12:35] {Threei} where do I begin

[12:35] {dptl} :)

[12:36] {Threei} you ARE too much mags

[12:36] {Threei} {Very big grin}

[12:36] {dino} lol

[12:36] {nemo} squnm drop

[12:38] {Threei} PALM

[12:38] {Threei} probably worth a scalp here

[12:38] {Threei} stop under .10

[12:39] {dino} itri to .40

[12:39] {Threei} out .24

[12:39] {magoo} WOW what a pop

[12:39] {Threei} nice and easy

[12:39] {Threei} anyone grabbed it?

[12:39] {Threei} sized pullback, stalled... and market spiked sharply

[12:40] {dino} mant wakes up

[12:40] {Threei} delay PALM gave was window of opportunity

[12:40] {Threei} dead giveaway

[12:40] {Threei} come on, no one went for it??

[12:41] {Threei} why did I wake up to let you know... could trade it in my sleep...

[12:41] {dptl} got disconected ..went for what?

[12:41] {Threei} jeez

[12:41] {dino} out itri +.42

[12:41] {Threei} PALM dp...

[12:41] {pita} "probably" didn't seem like call

[12:41] {Threei} .15 - .17 entry for quick scalp

[12:42] {dptl} sigh

[12:42] {dptl} test test

[12:42] {dino} gpro

[12:42] {dino} you're here dp

[12:43] {dptl} ty

[12:43] {dptl} everything is wrong today....got brandy closer :)

[12:44] {dino} mant to b/e

[12:44] {ese} i'm agreeing with you dp....i'm an absolute screw up today

[12:44] {ese} missed gpro dino.........sigh....absolute screw up

[12:45] {Threei} you guys cause depression in me... by the way you speak, lol

[12:45] {Threei} what l\anguage is that

[12:45] {dino} .oo

[12:45] {dino} and vad, i concur

[12:45] {ese} vad....i'm comin over ...get the psychologists ready

[12:46] {dino} lots of movers boys

[12:46] {nemo} you're a cur?

[12:46] {Threei} ese... no psychologusts... just dp with big bottle

[12:46] {ese} and the couch

[12:46] {ese} i'll take it

[12:46] {dino} mant out flat

[12:46] {Threei} it's as though you expect every day be a winner, every trade to work etc

[12:46] {Threei} yin and yang

[12:46] {nemo} careful

[12:46] {Threei} nothing moves in one direction forever

[12:47] {dino} only .666666666

[12:47] {jfjf64} you drinkin over there

[12:47] {nemo} oh jeez...who let satan in

[12:47] {Threei} recognize in time the cold streak,

[12:47] {Threei} decrease activity,

[12:47] {Threei} minimize damage,

[12:47] {ese} direction????....do you mean there is direction in stocks and market movement

[12:47] {Threei} sit out period of being cucumber

[12:47] {dino} expect to lose, i like to think

[12:47] {ese} well i'll be damned.....

[12:48] {larisa} they say you have to learn to love your stops as much as your winners, then you will be one step closer to professional trader

[12:48] {Threei} recognize the moment when you get back in saddle,

[12:48] {Threei} start pushing harder again

[12:48] {ese} i knew there was something i was missing

[12:48] {Threei} they are right larisa

[12:48] {larisa} lol

[12:48] {ese} gotcha cheif

[12:48] {Threei} be a good loszer in order to be a winner

[12:48] {dino} who are "they"

[12:48] {Threei} loser

[12:48] {Threei} THEY dino...

[12:49] {Threei} you know...

[12:49] {dino} lol

[12:49] {Threei} popwers that be :)

[12:49] {Threei} -p

[12:49] {dino} but you are correct vad.

[12:49] {nemo} those that cannot be named

[12:49] {Threei} yeah, them

[12:49] {dino} good trading is not about being right, it's about trading right

[12:49] {ese} indeed

[12:49] {Threei} those of you who know me for many years... larisa... cosmo... raven...

[12:50] {nemo} frickin tck

[12:50] {Threei} sorry, not listing everyone,

[12:50] {Threei} but the point is:

[12:50] {Threei} how many times did you see me hjaving cold streaks?

[12:50] {dino} and think in probabilities, my hit ratio runs around .666 thats where thats from, so i expect to loseabout 3-5x/day

[12:50] {Threei} days or weeks of no good wins?

[12:51] {Threei} was there any single one of those streaks I wouldn't recover from only to have months of hot run?

[12:51] {ese} nope

[12:51] {Threei} heck, we had unbelieavable winning streak from last August

[12:51] {larisa} I only remember last 1 hour, do not even remember CAT off .30 :)

[12:51] {Threei} lol

[12:51] {Threei} just shrug off these days,

[12:51] {ese} ahhhhh wait a minute there was the time??????......just kidding

[12:52] {Threei} they are normal part of the process

[12:52] {pita} couldn't you tell us early when those days are? please? in advance......

[12:52] {Threei} ummm

[12:52] {Threei} no... sorry

[12:52] {pita} lol

[12:52] {Threei} :)

[12:53] {Threei} don't let these ays become a frustration,

[12:53] {Threei} take them as part of the process,

[12:53] {dino} gpro to .55

[12:53] {Threei} any trader that tells you he doesan't have those is a liar

[12:53] {dino} out +.55

[12:54] {dino} agree

[12:55] {vinod} vd-they these guy gave you hard time all the time?

[12:56] {Threei} of course

[12:56] {Threei} that's part of the process as well

[12:56] {Threei} keep me on my toes

[12:56] {pita} member obligation

[12:56] {Threei} and make me keep my truot unholstered

[12:56] {Threei} ummm... this sounded better in my head...

[12:57] {pita} call janitor

[12:57] {Threei} lol

[12:57] {dptl} lol obama again

[12:57] {Threei} yup

[12:57] {dptl} cnbc

[12:57] {ese} cool move by gpro dino......

[12:58] {vinod} I am going to join union here

[12:58] {Threei} ASQNM trade idea is still alive

[12:58] {Threei} SQNM

[13:00] {dptl} feels like i see president more then my wife

[13:00] {ese} hey......thanks for the day though....wouldn't spend my morning any other way all....I really enjoy your company....take care and have a great weekend

[13:00] {Threei} SENIOR AUTO ANALYST FOR IHS GLOBAL INSIGHTS WOLKONOWICZ BELIEVES CHRYSLER BANKRUPTCY WILL TAKE CLOSER TO SIX MONTHS, RATHER THAN THE 30-60 DAY TIMEFRAME ANNOUNCED BY THE GOVT - TV INTERVIEW

[13:00] {Threei} {F GM}

[13:00] {Threei} you too ese

[13:00] {ese} see ya vad

[13:00] {Threei} wow

[13:00] {Threei} look at this

[13:01] {Threei} REPORTS APRIL US VEHICLE SALES -41.9%

[13:01] {Threei} - March US sales -36%

[13:01] {Threei} guess who

[13:01] {nemo} f

[13:01] {Threei} you'd think it's one these sinneers,

[13:01] {dino} cya es

[13:01] {Threei} those who didn't make cars people wanted,

[13:01] {Threei} built SUVs and trucks,

[13:01] {Threei} ignored gbreen technology,

[13:01] {Threei} spat on fuel economy

[13:02] {Threei} right?

[13:02] {Threei} wrong

[13:02] {Threei} that's Toyota

[13:03] {Threei} Mers:

[13:03] {Threei} REPORTS APRIL US SALES -30.7%, 14,565 UNITS

[13:03] {Threei} - March sales were -17.5% y/y

[13:04] {Threei} F

[13:04] {Threei} APRIL MARKET SHARE FOR RETAIL SALES WAS 'STRONG' - SALES CALL

[13:05] {Threei} anyone planned on using Hydroxycut to lose weight?

[13:05] {Threei} don't

[13:06] {Threei} FDA warning

[13:06] {Threei} associated with liver injuries

[13:06] {nemo} my liver's petrified anyway

[13:06] {nemo} Hell, it causes metal detectors to go off

[13:06] {pita} pickled

[13:10] {dino} lol

[13:11] {Threei} SQNM changes

[13:11] {Threei} maybe bounce on sharp selloff if we get one

[13:11] {dino} winnie the poo maket today

[13:11] {Threei} I would love to see it quickly diving to 3.80

[13:11] {dino} very confusal

[13:11] {jfjf64} very

[13:12] {Threei} CHRYSLER'S BANKRUPTCY FILING DISCLOSES SECURED LENDERS INCLUDE MS, HAL, KFT

[13:12] {Threei} {MS HAL KFT}

[13:12] {Threei} ookkkaaaay...

[13:12] {Threei} I guess MS is next target of the administration

[13:12] {Threei} how dare they be so anti-american'

[13:13] {dino} mant partial fill l .15

[13:16] {jfjf64} ms monster c/h

[13:23] {jfjf64} ya guys sleepin

[13:23] {jfjf64} did i get knocked off server

[13:24] {Threei} no

[13:24] {jfjf64} k

[13:24] {Threei} we are just ignoring you

[13:24] {jfjf64} gettin worried

[13:24] {jfjf64} ty

[13:24] {Threei} usually it's magoo, but today we decided to switch

[13:25] {jfjf64} cat real strong

[13:27] {Threei} prez on TV

[13:27] {dino} apol sm l .60

[13:31] {dino} hod's

[13:33] {dino} gpro

[13:33] {jfjf64} x

[13:34] {dptl} what's the plan for sqnm now ,Vad?

[13:34] {Threei} just wait

[13:35] {Threei} watch PALM drop meanwhile

[13:36] {Threei} bounce should be near

[13:37] {jfjf64} ???

[13:37] {dptl} .30?

[13:38] {dino} aoc, sur

[13:43] {dawg} .

[13:44] {dino} fire

[13:47] {Threei} .30 break PALM

[13:47] {Threei} .24 stop'

[13:47] {magoo} inm

[13:48] {Threei} GM

[13:48] {Threei} REPORTS APRIL VEHICLE SALES -34% V -37%E

[13:50] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[13:51] {jfjf64} still valid

[13:51] {dino} hoft funny company, limited market i guess

[13:51] {Threei} as long as it holds .25

[13:52] {Threei} not anymore

[13:52] {jfjf64} ty

[13:52] {Threei} bounce candidate rather, but no clear idea of price yet

[13:53] {dino} wow no takers hoft=hooker furniture, just popped up

[14:00] {Threei} *FED EXTENDING TALF LOAN TERMS FOR COMMERCIAL MBS TO 5 YEARS FROM 3

[14:04] {dino} apol stopped -.12

[14:11] {wulff} Vad any reason a .26 break of PALM would not be valid setup around 2pm

[14:14] {wulff} except the fact that a short would have been better

[14:14] {Threei} lol

[14:14] {Threei} not really

[14:14] {Threei} could work

[14:14] {dino} stopped mant -.02

[14:15] {Threei} pretty much market dependent

[14:15] {Threei} but bounce from these levels is more interesting play

[14:16] {jfjf64} gm me entry boss

[14:16] {Threei} two ways

[14:16] {Threei} one is just buy and keep very tight stop

[14:16] {Threei} under 11

[14:16] {Threei} let's say buy .04

[14:17] {Threei} another is, wait for it to make couple moves between 11 and 11.05

[14:17] {Threei} then buy break

[14:17] {Threei} in first case, risk of not working is higher

[14:17] {wulff} another is hire someone to do it for you

[14:17] {Threei} in seond, risk of missing the play is higher

[14:20] {Threei} US GOVT: CHRYSLER MUST SEEK APPROVAL OF FIAT DEAL BY JUNE 1

[14:20] {Threei} IMO... Fiat is setting itself u for disaster with this deal

[14:23] {nemo} no volumes today

[14:23] {Threei} on NQ half of yesterday's so far

[14:24] {nemo} DOW 50% NAS 80% S&P 60%

[14:29] {dino} bgc sm s .00

[14:31] {nemo} nice dino

[14:32] {dino} thx

[14:32] {dino} want .65ish

[14:33] {dino} hmmm

[14:33] {nemo} yeah

[14:34] {Threei} let's do a quick dive, market... so we finally get some excitiment back

[14:40] {dino} stop to .70

[14:40] {dino} bstop that is

[14:41] {dino} stopped/covered +.30

[14:41] {nemo} lucky

[14:41] {nemo} again

[14:41] {nemo} and again

[14:41] {nemo} and again

[14:41] {nemo} :)

[14:42] {dino} nemo, you see my entries, you can play too

[14:42] {nemo} I understand

[14:42] {nemo} I was just hopping on your comment yesterday about how you're so lucky :)

[14:43] {dino} profits are luck, losses are skill

[14:43] {dino} apol interesting

[14:43] {larisa} :)

[14:44] {nemo} that's neat actually

[14:44] {nemo} So, Vad, market somnolently slip into the weekend?

[14:45] {Threei} how?

[14:45] {Threei} somnolently?

[14:45] {Threei} use short words when talking tome, will ya?

[14:45] {nemo} sleepily

[14:46] {Threei} ahhh... ty, hated the idea of reaching for dictionary

[14:46] {nemo} apol had 3 big spikes, might be bottoming

[14:46] {Threei} I don't feel so... have this nagging feeling, fireworks are coming

[14:46] {Threei} SEC"S SHAPIRO: REGISTRATION OF HEDGE FUNDS IS NOT ENOUGH; MUST ALSO REGULATE

[14:46] {Threei} yeah

[14:46] {nemo} I feel short side, so it'll probably be bull..

[14:47] {Threei} told ya witch hunt starts

[14:47] {Threei} GM EXEC: AUTO SALES HAVE FOUND BOTTOM - SALES CALL Q&A

[14:47] {dino} lol

[14:48] {Threei} let's regulate

[14:48] {dino} next they will say no shorting by nonregulated people

[14:48] {Threei} who is it, breathing in the corner unregulated?

[14:48] {Threei} no one really knows how frequently he inhales

[14:48] {Threei} how long keeps the air in

[14:49] {nemo} we'll have to buy carbon credits for breathing

[14:49] {Threei} what the ratio og inhale to exhale time is

[14:49] {dptl} palm .90 long?

[14:49] {Threei} stop this unregulated breathing this moment

[14:49] {Threei} 50/50 dp

[14:49] {pita} adios everyone, have a good weekend

[14:50] {nemo} vaya con Dios pita

[14:50] {Threei} if makes one more move to .85 and back, better odds

[14:50] {Threei} take care pita

[14:50] {dino} cya pita

[14:50] {fernp} good weekend pita

[14:50] {dino} go w/the gods? nemo

[14:50] {Threei} watch market now

[14:50] {dptl} there,it did

[14:51] {nemo} go with God

[14:51] {Threei} if spikes, PALM becomes a play on .90 break

[14:51] {dino} ahhh

[14:51] {nemo} very catholic

[14:51] {nemo} I'm more of a burn in the pit of hell kinda' guy

[14:52] {nemo} but, I was trying to be courteous

[14:52] {Threei} no unregulated fires, nemo

[14:52] {Threei} those are fire hazard

[14:52] {dino} watching apol, mant, pnra, mgln, bgc, gpro

[14:52] {nemo} I'll have to get a hazardous waste permit for my toe jam

[14:52] {Threei} CHRYSLER LLC US SALES -48% TO 76,682

[14:52] {Threei} - Vice Chairman: "The industry appears to have stabilized, as it''s been fairly level for the past four months," "We know where the bottom is, and as the economy struggles to recover, vehicle sales should follow."

[14:53] {Threei} follow to struggle?

[14:55] {nemo} in palm

[14:55] {dptl} in .91

[14:56] {Threei} I don't see much help from market

[14:56] {Threei} let's hope PALM holds its own while market gathers strength

[14:56] {Threei} it sure dropped far enough from the top

[14:59] {nemo} fit out

[14:59] {dptl} i out .91

[15:00] {nemo} out +.03 wow

[15:00] {dino} mant l .00

[15:03] {dptl} gonna stop here(should be stoped for the day anyway)...have a good weekend all :)

[15:04] {dino} take care dp, enjoy the brandy

[15:04] {Threei} take care dp

[15:04] {larisa} will take APOL at .50 break stop under .40

[15:04] {nemo} was thinking that myself

[15:05] {dino} apol sm l .50

[15:05] {nemo} that you @ .51 larisa

[15:05] {Threei} hey!!!

[15:05] {Threei} Prez on TV!!

[15:05] {nemo} what

[15:05] {nemo} yea figured that as soon as you said it

[15:05] {larisa} basing for too long though, careful here

[15:06] {nemo} "based" on what?

[15:06] {larisa} I like strong bounces nemo

[15:07] {nemo} nevermind

[15:08] {nemo} DB here larisa?

[15:09] {larisa} not really :)

[15:09] {nemo} I was trying to be optimistic

[15:09] {larisa} lol

[15:10] {nemo} never works for me...maybe that's why I see shorts pretty well

[15:10] {dino} out mant .12, +.12

[15:11] {dino} apol stop is .19 fwiw, toughie

[15:11] {larisa} I got out on new low, good luck dino

[15:12] {dino} ironically my original bid was .20

[15:12] {larisa} fooled me with base at 40

[15:12] {dino} hard stop no worries larisa

[15:14] {dino} bets on pnra filling wed gap around 55.40

[15:14] {vinod} no one has interest in FAZ SRS ?

[15:14] {Threei} yes but don't want to chase

[15:14] {nemo} vinod's babies

[15:15] {Threei} it spiked vertically from under .50

[15:15] {vinod} i got FAZ at 8.55

[15:16] {vinod} my stop is 8.55 now

[15:18] {dino} gj

[15:23] {dino} well so far as planned up about 100 then red

[15:24] {nemo} Aby joseph Cohen: http://www.bloomberg.com/apps/news?pid=20601087&sid=aDBS5SWr2iDE

[15:24] {nemo} she's never been right

[15:28] {larisa} I want happy closing :)

[15:28] {nemo} if you're short, I think it'll be happy

[15:29] {larisa} i am 5'10"

[15:29] {nemo} short the market

[15:29] {dino} she's got legs

[15:30] {larisa} no, it is all neck

[15:30] {Threei} sigh

[15:30] {Threei} poor janitor

[15:30] {dino} lol

[15:30] {nemo} I had a girlfriend that was 6' and I'm 5'6" I was the perfect height

[15:34] {dino} feels like a summer friday

[15:35] {Threei} very much so

[15:37] {dino} sm l itri .60

[15:45] {Threei} nothing dramatic

[15:45] {vinod} still hanging in there with FAZ

[15:46] {Threei} unless last 15 minutes turn whimper into bang

[15:48] {Threei} NQ 20 points range for the whole day

[15:48] {dino} apol to flat

[15:49] {dino} stopped apol 0

[15:49] {larisa} too stubborn sellers

[15:50] {larisa} I think we need to regulate APOL sellers

[15:50] {dino} tough one today, watch it go up 2 bucks mon.

[15:52] {Threei} SQNM will be a player on Mon againb I'd think

[15:53] {larisa} vad, your best week ever will start monday :)

[15:53] {larisa} my wish to you, no pressure :)

[15:53] {nemo} somnolently slipping into the weekend :)

[15:53] {Threei} wow... I can sleep whole next week??

[15:53] {Threei} thank you!!

[15:53] {larisa} lol

[15:53] {vinod} got out 8.70 have a nice weekend

[15:53] {Threei} take care vinod

[15:53] {Threei} have a good one

[15:54] {dino} cya vinod

[15:56] {fernp} have a nice weekend everybody. see you on monday

[15:56] {larisa} later all :)

[15:57] {nemo} Stick a fork in me

[15:58] {Threei} thank you all, have a good weekend

[15:58] {Threei} see you on Monday

[15:58] {nemo} peace & quiet

[15:58] {wulff} LOVELY DAY

[15:58] {nemo} go chew on a stick wulff

[15:58] {nemo} :)

[15:59] {wulff} (sarcasm)

[15:59] {nemo} nah...not me

[15:59] {nemo} I'm all sunshine and happiness

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

[16:00] {dino} magoo a brew please

Apr 30 2009

Mostly scalping day but profits are profits - big gap days are often like this. One of interesting plays was on unlikely stock: URRE. Usual suspects become boring over time, so it was nice to play in a new sandbox.

Session Time: Thu Apr 30 00:00:00 2009

[08:04] {magoo} morning

[08:05] {Threei}  Good morning

[08:05] {Threei}  SQNM

[08:05] {Threei}  holy smokes

[08:06] {magoo} WOW

[08:06] {Threei}  04/29/09 04:40pm

[08:06] {Threei}  [SQNM] Sequenom, Inc Reports Q1 -$0.29 v -$0.23e, R $8.7M v $11.1Me

[08:06] {Threei}  - Guides FY09 Rev $32M-$35M v $55Me

[08:06] {Threei}  and of course bunch of downgrades

[08:07] {magoo} bouncer somewhere vad

[08:07] {magoo} maybe at zero

[08:09] {Threei}  what a punishment

[08:09] {magoo} vad..fslr reported last nite..u have it?

[08:09] {Threei}  04/29/09 04:38pm

[08:09] {Threei}  [FSLR] First Solar Inc. Reiterates prior FY09 guidance - conf call slides

[08:09] {Threei}  - Reiterates FY09 sales guidance $1.9B-$2.0B v $1.87Be, and margins of 31%-33%

[08:09] {Threei}  - Follow up 16:49pmET: CEO reaffirms 10%-15% of planned 2009 shipments at risk of default - conf call

[08:10] {magoo} jesus though..a 15 dollar stock to 2??

[08:10] {Threei}  try 3 brwak with stop under 2.90

[08:11] {nemo} fslr cleaned up

[08:12] {Threei}  MGM nice gap

[08:12] {Threei}  LVS is trying to catch up

[08:13] {magoo} news AMZN?

[08:14] {Threei}  no

[08:14] {Threei}  wow... SQNM didn't even try to bounce

[08:16] {cosmo} 2.50 looks solid?    hehe

[08:16] {Threei}  sure.. unless it breaks

[08:16] {nemo} it all works until it doesn't

[08:17] {magoo} and its all fun and games until someone loses an eye :)

[08:17] {Threei}  or breaks an ankle

[08:17] {magoo} ROFLOL

[08:17] {nemo} nephew has a great shirt:  "It's all fun and games until the flying monkeys attack"

[08:18] {Threei}  lol

[08:18] {nemo} "wanna' play ball scarecrow!"

[08:18] {nemo} ohoh

[08:19] {cosmo} poppies will make them sleep

[08:20] {nemo} ohoh

[08:20] {Threei}  number of downgrades on SQNM becomes ridiculous

[08:20] {Threei}  every second headline

[08:20] {nemo} rats from a sinking ship

[08:20] {magoo} really at 3 bux should be strong buy

[08:21] {magoo} ate huge offer 06

[08:22] {Threei}  there are more where that came from

[08:23] {magoo} big at 3

[08:27] {nemo} who's playing sqnm?

[08:29] {magoo} i have a lil at 2.95

[08:29] {nemo} Where's ese?  He'd have 20000 of the little buggers

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 631K V 640KE; CONTINUING CLAIMS: 6.271M V 6.200ME

[08:30] {Threei}  - Prior jobless claims revised from 640K to 645K

[08:30] {Threei}  - Prior Continuing Claims revised from 6.137M to 6.138M

[08:30] {Threei}  MAR PERSONAL INCOME: -0.3% V -0.2%E; PERSONAL SPENDING: -0.2% V -0.1%E

[08:30] {Threei}  - Prior Personal Spending revised from 0.2% to 0.4%

[08:31] {Threei}  Q1 EMPLOYMENT COST INDEX: 0.3% V 0.5%E

[08:31] {Threei}  MAR PCE CORE M/M: 0.2% V 0.1%E; PCE CORE Y/Y: 1.8% V 1.8%E; PCE DEFLATOR Y/Y: 0.7% V 0.7%E

[08:32] {jfjf64} mornin

[08:33] {Threei}  jf :)

[08:37] {Threei}  WHITE HOUSE: CHRYSLER WILL PROCEED WITH CHAPTER 11 FILING

[08:40] {magoo} shoot..missed LVS

[08:40] {Threei}  me too

[08:40] {magoo} u take vads?

[08:41] {Threei}  waited for pullback that never came

[08:43] {Threei}  SQNM honestly trying

[08:45] {Threei}  F over 5.50 resistance

[08:46] {dptl} good morning all

[08:46] {Threei}  dp :)

[08:49] {Threei}  taking any off the table magoo?

[08:50] {magoo} soon

[08:50] {magoo} wont lose on it

[08:50] {magoo} but maybe its a pointer

[08:50] {magoo} LVS pullbk enough vad

[08:51] {Threei}  a bit more would make me happier

[08:53] {ese} good morning

[08:53] {Threei}  ese :)

[08:53] {magoo} ese:)

[08:53] {vinod} good morning

[08:53] {nemo} dude :)

[08:53] {Threei}  vinod :)

[08:54] {nemo} vinod :)

[08:54] {vinod} first time i am watching you guys on pre marke

[08:54] {nemo} sqnm still running

[08:54] {Threei}  mags... take half off

[08:54] {Threei}  don't be a pig

[08:54] {ese} rally continues ehh

[08:54] {nemo} oink oink

[08:54] {Threei}  they get flu

[08:54] {vinod} got sgnm at 2.95

[08:54] {nemo} good one

[08:55] {Threei}  half out vinod, at least

[08:55] {vinod} 0ut 3.40 ony 500

[08:55] {Threei}  good job

[08:56] {vinod} i learn something new today

[08:56] {Threei}  LVS

[08:56] {Threei}  just a tad more please

[08:57] {nemo} nice call on sqnm vad

[08:58] {dptl} where are you thinking lvs?

[08:59] {Threei}  maybe under 9 if we get lucky

[08:59] {Threei}  8.80 if we get very lucky

[08:59] {dptl} i see

[09:00] {Threei}  (RU) RUSSIAN NATO ENVOY: RESPONSE TO EXPULSION OF DIPLOMATS WILL BE HARSH AND DECISIVE

[09:00] {Threei}  what did I miss?

[09:01] {fernp} Hello everybody

[09:01] {Threei}  fern :)

[09:01] {Threei}  who expelled whose dimplomats?

[09:02] {Threei}  keep an eye opn ABAT guys

[09:02] {Threei}  this one may bet some traction

[09:02] {ese} fern

06[09:04] * Threei slaps magoo around a bit with a large bootle of AntiGreedin

[09:06] {wulff} LVS

[09:06] {Threei}  took half at 9

[09:06] {Threei}  with idea to add another half if drops more

[09:12] {pita} ola everyone

[09:12] {nemo} que tal?

[09:13] {wulff} took .05

[09:13] {Threei}  pita :)

[09:14] {pita} bien?

[09:14] {fernp} ola = sea wave and hola = hello :)

[09:15] {pita} hola, gracias

[09:15] {fernp} de nada

[09:16] {dptl} where is your stop Vad lvs?

[09:16] {Threei}  [09:06] {Threei} took half at 9

[09:16] {Threei}  [09:06] {Threei} with idea to add another half if drops more

[09:16] {Threei}  I am looking for entry point for another half, not stop

[09:16] {pita} trading in the pre mkt?

[09:17] {Threei}  SQNM and LVS, pita

[09:18] {pita} wrong day to sleep in...

[09:18] {wulff} never touched .80

[09:18] {dino} gm all

[09:18] {Threei}  dino :)

[09:19] {Threei}  SQNM retreat

[09:20] {ese} wow just looked at that.......-11.75.....thats a hair cut

[09:21] {nemo} haircut...I think they started at the throat...

[09:21] {ese} what do they do?

[09:22] {ese} sqnm that is

[09:22] {Threei}  they drop

[09:22] {ese} ha ha .....ha ha

[09:23] {Threei}  genetic analysis products that translate genomic science into superior solutions for biomedical research, agricultural applications, molecular medicine and non-invasive prenatal diagnostics research, and potentially, clinical utility.

[09:24] {Threei}  (US) WHITE HOUSE AIDE: CHRYSLER BANKRUPTCY TO LAST "ONE OR TWO MONTHS"

[09:26] {ese} tks vad.........ever thought about a comedy act?

[09:27] {Threei}  yeah

[09:27] {ese} i'll be the straight guy..........you the one liners.......we could be big

[09:27] {Threei}  seinfield wasn't scared

[09:27] {ese} hmmmmmm

[09:29] {dino} downs' syndrum test claimed near 100% accuracy, now saying deata not reliable

[09:30] {dino} spelling errors

[09:30] {nemo} lab workers were stoned

[09:33] {Threei} Long Setup:  URRE  .45 break if stays above .35

[09:33] {dino} gmcr

[09:34] {jfjf64} stop

[09:36] {Threei} Long Setup:  LVS  .40 break

[09:37] {Threei}  under .30, invalidated

[09:37] {nemo} bummer

[09:37] {fernp} too fast

[09:37] {Threei}  too fast anyway

[09:37] {nemo} and invalidated

[09:39] {dptl} in urre

[09:39] {nemo} in urre

[09:39] {nemo} partial

[09:40] {dino} hmmm cyber no gmcr

[09:41] {dptl} half out ty

[09:41] {Threei}  half out URRE

[09:41] {magoo} out .84 TY vad

[09:42] {nemo} out urre ty

[09:42] {dptl} more out .65

[09:43] {ese} nice one boys

[09:45] {magoo} u still in LVS vad?

[09:45] {Threei}  no

[09:45] {magoo} me out too

[09:47] {nemo} you're outed mags?

[09:47] {nemo} whoa

06[09:47] * magoo slaps nemo around a bit with a large trout

[09:47] {nemo} hehehehehe

[09:48] {magoo} no laughing, cant focus:)

[09:48] {nemo} I'm sick, can't focus anyway

[09:50] {magoo} GMCR nuts

[09:53] {Threei}  DNDN bottomless

[09:53] {nemo} was just looking at that

[09:53] {dino} mgln

[09:56] {dino} not participating, t, vz, wmt, schw,gld

[09:58] {Threei} Long Setup:  EBAY  .95 if stays above .80

[09:59] {nemo} in

[09:59] {dptl} in

[10:00] {magoo} in

[10:00] {fernp} in

[10:00] {pita} finally caught one - EBAY

[10:01] {Threei}  (US) WHITE HOUSE ECON ADV ROMER: EXPECTS US ECONOMY TO PICK UP IN H2

[10:01] {ese} H2 ?

[10:01] {ese} or Q2?

[10:02] {_ryanagler} new here -- can you explain the ".95 if stays above .80".  when that was posted, ebay was at 16.95.  Does that mean buy at 16.95 and set your stop at 16.80?

[10:03] {nemo} I always wondered what vad meant???

[10:03] {Threei}  yes, but it was .93 wheh it was posted

[10:03] {dino} mant

[10:03] {Threei}  it also means that if it loses .80 before triggering, play is invalidated

[10:06] {Threei}  US GOVT TO REPORTEDLY ASK CHRYSLER CEO NARDELLI TO REMAIN WITH COMAPNY DURING THE TRANSITION

[10:08] {_ryanagler} thanks.  when i looked at the quote it must have just moved to .95.  so, in that setup, if it had remained at .93 for awhile longer, you are recommending to wait for .95 or to get in anywhere between .80 and .95?

[10:08] {Threei}  that depends on your level of aggressiveness

[10:09] {Threei}  look up blog article titled

[10:09] {fernp} stop below .90 for ebay?

[10:09] {Threei}  How agressive are you

[10:09] {Threei}  yeah, makes sense fern

[10:10] {Threei}  http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html

[10:11] {Threei}  let's take half off here EBAY

[10:12] {Threei}  stop for second half URRE to under .60

[10:12] {Threei}  .50, sorry

[10:12] {pita} what did you see to sell half at this level?  Declining volume?

[10:13] {Threei}  NASDAQ stalles at resistance and is likely to pull back

[10:13] {Threei}  I don't want to run into situation where EBAY overreacts

[10:13] {Threei}  and shakes us out

[10:14] {Threei}  which is exatly what it does as we speak

[10:14] {pita} ah ty - looks like that is happening

[10:14] {nemo} out ebay

[10:14] {Threei}  out breakeven second half

[10:14] {Threei}  a bit disappointing

[10:14] {nemo} no lost

[10:14] {Threei}  such break on daily deserved more attention

[10:15] {pita} me too

[10:15] {pita} reenter if holds .80?

[10:15] {dino} ]psys, mant, mgln, isys, aiz

[10:15] {dptl} out too....ebay

[10:16] {Threei}  I won't pita

[10:16] {pita} k ty

[10:18] {dptl} whats with cat?

[10:18] {nemo} announced rebounding business yesterday

[10:19] {pita} cat = china growth

[10:19] {dptl} ok ty

[10:19] {dino} sm l mgln .60

[10:26] {Threei} Long Setup:  RIMM  69 break

[10:26] {Threei}  stop under .85

[10:26] {nemo} amn

[10:26] {nemo} damn

[10:26] {Threei}  let it pull back

[10:27] {Threei}  wait for resumed strength now

[10:27] {nemo} oops in

[10:29] {nemo} got out

[10:29] {Threei}  hmm?

[10:29] {Threei}  that's one weird trading :)

[10:30] {nemo} well, sounds like I jumped the gun, so bad entry 

[10:30] {nemo} therefore, being able to get out whole I consider luck

[10:30] {dptl} in 69

[10:31] {nemo} stop on RIMM?

[10:32] {Threei}  stop to under .90

[10:32] {dino} double bottom mant?, sm l mant .30 risky

[10:32] {Threei}  URRE stop to under .55

[10:34] {dptl} stopped rimm -.14

[10:34] {dino} stopped mant -.32

[10:34] {dino} f'ing rinse

[10:36] {magoo} l aapl off .50

[10:36] {magoo} stop .19 hl

[10:36] {dptl} ah rimm shakeout

[10:36] {magoo} .90 area looking for

[10:36] {jfjf64} yup

[10:36] {Threei} Long Setup:  FAS  .85 break if stays above .80

[10:37] {Threei} Long Setup:  WFC  .40 break

[10:40] {nemo} wfc invalidated?

[10:41] {Threei}  yeah

[10:41] {Threei}  turns into bounce candidate

[10:41] {Threei}  from under .20 most likely

[10:42] {_ryanagler} long might be tough into 888 s&p resistance

[10:43] {dino} mant sm l .35, last try

[10:46] {magoo} aapl stiopped

[10:48] {dino} psys s .01

[10:49] {chinggis} BAC?

[10:50] {Threei} Short Setup: DNDN  .85 half lot

[10:50] {Threei}  if stays below 21

[10:50] {magoo} OY

[10:50] {nemo} good for you guys, I magoo it and you make a call.

[10:50] {Threei}  see that big UBSS bid at .85?

[10:51] {Threei}  that's youer indication

[10:51] {dptl} in

[10:51] {nemo} too fast

[10:51] {magoo} missed dammit

[10:52] {jfjf64} cant  short    schwab   crazy

[10:52] {Threei}  I don't see any play on BAC chinggis

[10:52] {magoo} call chuck

[10:52] {nemo} hehehehe

[10:52] {jfjf64} lol

[10:52] {nemo} chuck you farley

[10:52] {Threei}  (US) WHITE HOUSE ADVISOR ROMER: REITERATES THAT UNEMPLOYMENT IS SEEN RISING OVER THE COMING MONTHS -CONG TESTIMONY

[10:52] {chinggis} ok ty

[10:54] {jfjf64} fas??

[10:54] {dptl} out urre

[10:55] {dino} pnra wants gap filled, imo

[10:55] {magoo} i like AAPl as clkose to .50 u can get long

[10:55] {magoo} 127 in the cards if IF mkt resiumes

[10:56] {magoo} i am in

[10:56] {dino} mgln stop to .91

[10:57] {dino} to .05

[10:58] {dino} out mgln .05, +.45

[10:59] {dino} psys bstop is .12 fwiw

[10:59] {nemo} what you short it at?

[10:59] {nemo} Dino

[11:01] {dino} .01

[11:01] {dptl} covered some .70 dndn

[11:01] {Threei}  covering half DNDN .60

06[11:01] * magoo slaps Threei around a bit with a large trout

[11:02] {magoo} supplement in there "large roll of cash" lol

[11:02] {Threei}  just no shaking out now DNDN, okay?

[11:03] {Threei}  break .50 and give us a buck

[11:03] {dptl} same stop?

[11:03] {Threei}  matter of taste really

[11:03] {Threei}  can move to above .90 if that matters

[11:04] {dptl} ok ty

[11:05] {dino} psys stopped -.11

[11:05] {dino} pnra hmmm, perhaps the gap waitsa

[11:06] {magoo} out aapl

[11:06] {nemo} "waitsa"?

[11:06] {nemo} solid NAS volume today...anybody know why?

[11:07] {dino} typo

[11:08] {nemo} dino, reenter psys if it breaks 19?

[11:10] {Threei}  die already DNDN

[11:10] {magoo} funny how such a wild animal one day

[11:10] {magoo} next pussycat

[11:11] {dino} should work, but its a toughie. maybe better short towards hod

[11:13] {Threei}  RIMM, that was rude

[11:13] {dino} cymi

[11:14] {jfjf64} y

[11:14] {Threei}  hate these big gap - slow climb days

[11:14] {dino} me too

[11:15] {Threei}  first you can't tell continuation from reversal, so you wait for pullback

[11:15] {nemo} yeah might as well go fishing...reminds me

[11:15] {Threei}  pullback never comes

06[11:15] * nemo slaps Alert around a bit with a large trout

06[11:15] * nemo slaps Threei around a bit with a large trout

[11:15] {nemo} better

[11:15] {Threei}  then you run into long stall

[11:15] {nemo} oh and magoo...

[11:15] {Threei}  where longs don't work,

[11:15] {Threei}  neither do shorts

06[11:15] * nemo slaps magoo around a bit with a large venison back straps

[11:16] {jfjf64} that cd be prob

[11:21] {dptl} out dndn

[11:21] {Threei}  yeah

[11:22] {pita} LVS filled gap -  now what?

[11:24] {Threei}  it didn't

[11:25] {Threei}  7.70 is yest close

[11:25] {pita} from yest high

[11:26] {Threei}  hihg 7.99

[11:27] {pita} my 5 day says 8.20?

[11:27] {dino} bare

[11:27] {pita} oh that's after mkt

[11:33] {dino} cymi s sm .53

[11:35] {Threei}  (US) WHITE HOUSE ADVISOR ROMER:

[11:35] {Threei}  - "Incredible uncertainty' surround the cost of fixing the financial system

[11:35] {Threei}  - States that IMF is unlikely to have accurate estimates on true costs for the 'clean up' of the US financial system

[11:35] {Threei}  - Reminder: On 4/29 -White House's Romer: Believes Q1 GDP may have a "silver lining" in higher consumer spending and lower inventories - TV interview

[11:35] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[11:35] {Threei}  - Reiterates that there are limited signs that financial markets are loosening up somewhat.

[11:36] {Threei}  STATEMENT FROM NON-TARP LENDERS TO CHRYSLER; SAYS OFFERS TO CO. HAVE BEEN REJECTED OR IGNORED

[11:36] {Threei}  - Lending group comments that it is continuing talks with US Treasury

[11:36] {Threei}  - Offered to take 40% haircut

[11:39] {dino} dealing w/govt=dealing w/devil it seems

[11:40] {Threei}  heh

[11:40] {Threei}  white house statement says lenders failed to act in their own interests and in national interests

[11:40] {Threei}  how about that?

[11:41] {magoo} national interests

[11:41] {magoo} nazi germany

[11:41] {Threei}  wagging finger

[11:41] {magoo} huh?

[11:46] {Threei}  don't you find it incredibly patronizing to tell them what their best interests are?

[11:46] {nemo} I liked that one best

[11:46] {Threei}  IMF: IMPACT ON CERTAIN COUNTRIES FROM THE SWINE FLU OUTBREAK MAY BE QUITE 'DRAMATIC'

[11:48] {Threei}  CDC official on CNN... "we are twitting... I've never twitted before"

[11:49] {Threei}  I am getting old...

[11:49] {Threei}  it irritates me to no end, lol

[11:49] {Threei}  ity's acting CDC director

[11:50] {Threei}  apparently can't wait to finish press-conference and go twit

[11:50] {cosmo} twit?

[11:50] {Threei}  you are old too cosmo

[11:51] {Threei}  you don't twit

[11:51] {cosmo} very

[11:51] {cosmo} oh

[11:51] {vinod} outbreak of swine flu panic

[11:51] {nemo} sqnm vad

[11:51] {dptl} short wfc agresive .23 stop above .30

[11:52] {Threei}  lol vinod

[11:53] {Raven} chirp

[11:53] {nemo} ravens chirp?

[11:53] {Threei}  wow... CDC: Mexico lab is able to make diagnosis now

[11:53] {Raven} today they do

[11:53] {Threei}  nemo... one thing is for sure

[11:53] {Threei}  Ravens do NOT twit

[11:53] {Raven} I hate twits

[11:53] {vinod} good excuse to stay home

[11:54] {vinod} i should tell my bos i am feeling swan

[11:54] {Threei}  ahha

[11:54] {Threei}  CNN corrected him

[11:54] {cosmo} is it dangerous while driving?

[11:54] {Threei}  it's not twitted, it's tweeted

[11:54] {cosmo} ...twitting?

[11:55] {Threei}  now I know too, along with acting director of CDC

[11:55] {Raven} how absurd

[11:55] {dino} wow, the tangents you guys take lately, lol

[11:56] {Raven} cosines?

[11:56] {Threei}  I am telling you... 5 years more, I won't understand half of what they say

[11:56] {Threei}  (of course I don't understand about 47% as of now)

[11:56] {dino} mgln approaches lod, life, psys towards hod

[11:56] {fernp} How many days without smoking, Vad?

[11:56] {nemo} wait til we go to derivatives Dino

[11:57] {nemo} without smoking what?

[11:57] {fernp} lol

[11:57] {Threei}  6 weeks, fern

[11:57] {fernp} WTG

[11:57] {Threei}  ty

[11:57] {Threei}  no craving either

[11:58] {Threei}  clean break

[11:58] {Threei}  after 30 years of smoking

[11:58] {dptl} sigh...stopped wfc

[11:58] {dptl} -.07

[11:58] {dino} congrats vad

[11:58] {Threei}  ty

[11:58] {Raven} after 30 years you're doomed anyway

[11:58] {fernp} yes, congrats

[11:58] {Threei}  of course I am... smoking or no smoking

[11:59] {Raven} just trying to be the optimist

[11:59] {Threei}  but for different reasons

[11:59] {nemo} only sure thing in life

[11:59] {vinod} congrat for giving up smoking

[11:59] {Threei}  maybe .80 break on SQNM worth a short

[12:00] {Threei}  ty vinod

[12:00] {vinod} 20 year ago my wife was going to leave unless i quite

[12:00] {Threei}  you are single since then right?

[12:01] {vinod} no i quite in hurry

[12:01] {Threei}  wow

[12:01] {nemo} stuff croaked my mother...rotten painful way to go

[12:01] {Threei}  I'd leave her just because I wouldn't accept ultimatum :)

[12:02] {vinod} accept all when you are in love

[12:02] {dptl} in sqnm

[12:02] {Threei}  REPORTEDLY US OFFICIALS ARE LEANING TO DISCLOSING INDIVIDUAL BANK STRESS TEST RESULTS NEXT WEEK

[12:03] {Threei}  PRESIDENT OBAMA: CHRYSLER TO FILE FOR BANKRUPTCY IN NEW YORK, FIAT TO TAKE 20% STAKE IN REORGANIZED COMPANY

[12:03] {Threei}  - GMAC to be financing arm for new Chrysler cars

[12:03] {Threei}  - US Treasury to have 8% equity stake in new Chrysler; Govt of Canada and Ontario to have 2% stake

[12:03] {Threei}  - White House confirms sees a 'surgical' bankruptcy to last approx 30-60 days

[12:03] {Threei}  - Chrysler network of US dealers are part of bankruptcy{GM F F.IT USD/CAD EWC}

[12:04] {dptl} stop .94

[12:04] {dptl} ?

[12:04] {Threei}  I prefer .91

[12:04] {dptl} ok ty

[12:06] {nemo} what quoth the Raven today?

[12:07] {Raven} Neverenough ?

[12:07] {dino} cymi bstop to .23

[12:08] {Threei}  Prez on TV

[12:09] {Threei}  PRESIDENT OBAMA: REORGANIZATION WILL GIVE CHRYSLER A "NEW LEASE ON LIFE"

[12:11] {dino} life s sm .86, stop hod

[12:11] {Threei} Short Setup: CAT  36 breakdown

[12:12] {magoo} independent of mkt?

[12:12] {dino} mant waking up

[12:13] {Threei}  why independent?

[12:13] {Threei}  mostly moves in unison

[12:14] {magoo} i mean mkts upticking

[12:14] {nemo} PSYS DINO

[12:14] {Threei}  which means CAQT is not likely to trigger

[12:14] {magoo} dont like to short in uptrend

[12:14] {magoo} unlessstox independent

[12:14] {magoo} hey, theres that word again

[12:14] {Threei}  if stays close enough to thwe trigger level, should trigger when market reverses

[12:14] {dino} schw big gap around 17.60 from tues.

[12:15] {dino} cymi to .13

[12:15] {dino} cov +.40

[12:15] {Threei}  - Believes the arrangement with Fiat will save 30K jobs.

[12:15] {Threei}  - Deal involves transfer of Fiat's 'cutting edge' technology to Chrysler.

[12:16] {Threei}  - bankruptsy is not a sign of the weakness

[12:16] {Threei}  hmmm

[12:16] {Threei}  this one is my favorite I think

[12:17] {Threei}  - small group of speculators endangers Chrysler future by refusing to make sacrifice like everyone else

[12:17] {Threei}  no... this one is better

[12:18] {dino} no mention of union concessions

[12:18] {vinod} Creditors have decided that cash is more important than the future of the American car industry

[12:18] {nemo} what future?

[12:18] {Threei}  UAW had 55% stake under the proposed deal

[12:18] {Threei}  creditors said no way

[12:19] {Threei}  also, all projections show that Chrysler if survives can count on 5% market share

[12:19] {Threei}  that's less that Kia ot Hundai

[12:19] {Threei}  creditors are quite right to walk away

[12:20] {Threei}  CAT invalidated

[12:20] {Threei}  - Notes disappointment with hedgefund bondholders, who were holding out for a better deal.

[12:20] {Threei}  - says Chrysler Finance would have needed an unacceptable amount of govt support, thus new Chrysler financing will be provided by GMAC

[12:21] {patience} why does it think i'm away vad

[12:22] {Threei}  what does?

[12:22] {patience} the little line that says patience is away

[12:22] {Threei}  you must have set it somewhere

[12:22] {patience} ty

[12:22] {Threei}  in mirc, go to:

[12:23] {cosmo} Solution for auto companies:  They are 'shovel ready' to make rail cars, rails, and MagLev systems.... they had to make tanks during the war...remember?

[12:23] {Threei}  Commands - Set Away

[12:23] {Threei}  make sure it's on Off

[12:23] {Threei}  I don't remember cosmo... you take my 'I am old" too literally {G}

[12:24] {chinggis} cat

[12:24] {chinggis} sorry mistake

[12:24] {cosmo} oh ... not the more recent wars, of course

[12:28] {dino} how do they figure gmac has funds, gm is broke too

[12:31] {wulff} CAT breaks

[12:33] {cosmo} CAT next big U.S. auto maker maybe?

[12:34] {Raven} those are gonne be pretty heavy cosmo ...

[12:34] {dino} mant to .60

[12:34] {Raven} gonna

[12:35] {Raven} will chew up the roads mabye

[12:35] {Raven} maybe ...

[12:35] {Threei}  that will create more jobs Raven

[12:35] {Raven} that'll be swell

[12:35] {cosmo} they are very stable in high winds

[12:35] {dino} cool name

[12:35] {Raven} lol ... very true

[12:36] {cosmo} i love the treads too

[12:36] {Raven} I like tanks a lot

[12:36] {dino} your welcome

[12:36] {Raven} always wanted one

[12:36] {cosmo} hmmm

06[12:36] * Raven slaps dino around a bit with a large trout

[12:37] {dino} to .72 mant

[12:37] {dino} ouch

[12:37] {dino} to .80

[12:38] {dptl} out sqnm ty

[12:38] {dino} out +.45

[12:38] {Threei}  can't believe it took this long to work, dp

[12:38] {jfjf64} im i on line  lost  connection

[12:38] {Threei}  but whatever

[12:38] {dino} too tight

[12:39] {dino} itri blood

[12:39] {jfjf64} any body copy   yes  no   

[12:39] {Threei}  no

[12:39] {fernp} yes, you are in jf

[12:39] {cosmo} Infrastructure Conglomerate   ... the next industrial sector...

[12:39] {Threei}  fern... you are wayyy too polite

[12:40] {jfjf64} ty    are ya in anything

[12:40] {Threei}  just covered SQNM, jf

[12:40] {jfjf64} ty

[12:42] {pita} adios

[12:43] {fernp} adios pita, nos vemos maana

[12:43] {dino} itri hmmmm

[12:43] {dino} mgln lod

[12:45] {Threei}  awww

[12:45] {Threei}  too soon on SQNM

[12:45] {Threei}  but jeez, it took so long

[12:45] {Threei}  I was just glad to stop staring at it

[12:45] {jfjf64} lol

[12:45] {nemo} look at cat

[12:46] {dino} nemoooooooooo, we missed psys short

[12:46] {Threei}  CAT was kind of discretionary

[12:47] {nemo} I pointed it out to you, and didn't hear back

[12:47] {Threei}  it did reestablish short setup but somewhat lukewarmly

[12:47] {dino} said around hod, see way above

[12:47] {cosmo} 35.50 is pivotal imho

[12:47] {nemo} [12:14] {nemo} PSYS DINO

[12:47] {ese} am back......whats with the dive of the market since i',ve been gone

[12:48] {Threei}  just pulling back off resistance, ese

[12:48] {nemo} So, it's my fault?

[12:48] {ese} for the market pulling back nemo

[12:48] {dino} indeed, lol

[12:48] {nemo} interloper...no the psys short

[12:49] {dino} now, i know this is a contradiction, but; dieeeeeee life

06[12:49] * nemo slaps dino around a bit with a large copy of Nemo's "Disgruntled Postal Worker Fantasy List"

[12:49] {dino} :)

[12:49] {nemo} life and death are merely different sides of the same coin...puke

[12:50] {dino} ok, nemo, riddle me this, itri entry?

[12:50] {dino} isle

[12:51] {Threei}  FAZ

[12:52] {dino} ugh, none avail

[12:52] {Threei}  watching for entry under 8

[12:52] {nemo} with market help, break of 43 

[12:52] {nemo} however, stop below .75 

[12:54] {nemo} why itri drop so much?

[12:54] {Threei}  missed earnings

[12:54] {dino} bstop life to .66

[12:54] {nemo} you in itri dino?

[12:55] {nemo} where?

[12:55] {dptl} in faz 8

[12:55] {vinod} in faz 8.00

[12:55] {dino} not yet

[12:56] {dino} waiting 42.80

[12:56] {nemo} what you lookin for, Willis?

[12:56] {vinod} i still have CAT shorted at 36.02   200

[12:56] {dptl} .95 stop?

[12:56] {dino} mgln hmmmm

[12:56] {dino} holding lod so far

[12:56] {Threei}  CHRYSLER FORMALLY FILES FOR BANKRUPTCY PROTECTION

[12:58] {dptl} out .05 ty

[12:59] {nemo} Dino, ITRI

[12:59] {dptl} got to use EDGX with faz ..fills mush faster than isld]

[12:59] {dino} missed itri

[13:00] {Threei}  seriously dp?

[13:00] {Threei}  I get instant ones with ISLD

[13:00] {nemo} ITRI moving without market

[13:01] {dino} i chickened out nemo

[13:01] {dptl} i don't know waiting all the time on isld with this one and edgx filling

[13:01] {nemo} that's o.k.  my middle name

[13:01] {dino} bummer

[13:01] {nemo} yeah .90 so far

[13:01] {Threei}  whose middle name is bummer?

[13:01] {dino} life to .57

[13:01] {nemo} for years I thought my name was "Asshole!"

[13:02] {nemo} I'm crying Dino

[13:02] {Threei}  mine was Hey You

[13:03] {dino} i'm a dumbazz

[13:03] {Threei}  magoos, I bet, is: Mister, don't shoot!!

[13:03] {dino} cov life .55, +.31

[13:04] {dino} there are better worlds(stocks) than these nemo

[13:04] {nemo} 2.00 in 10 minutes?

[13:05] {nemo} mags/3i's google earnings plays not-withstanding

[13:05] {dino} eyes on mgln

[13:07] {Threei}  hmm

[13:07] {Threei}  dp, you are right

[13:07] {Threei}  got very nice fills on both removing and adding liquidity on EDGX

[13:08] {dptl} ye even if you look at ecn t&s you'll see it's all edgx

[13:08] {Threei}  ty, and your middle name from now on is How Very Observant

[13:08] {dptl} what you in again?

[13:09] {Threei}  nothing right now, just scalped FAZ

[13:10] {Threei}  again, both sides adding liquidity this time

[13:10] {Threei}  ECN revate in works

[13:10] {Threei}  rebate

[13:11] {Threei}  laserheads, you know you can sdee rebate real time, right?

[13:11] {Threei}  see

[13:12] {nemo} the "passthru"

[13:12] {Threei}  right

[13:12] {Threei}  can see both overall and on particular stock

[13:12] {nemo} Had no idea

[13:13] {Threei}  look at number before fill

[13:13] {Threei}  then after

[13:13] {Threei}  you'l see it changing

[13:13] {Threei}  if you add liquidity, it will decerase

[13:15] {nemo} you in mgln yet dino?

[13:15] {Threei}  on my FAZ trades today I actually have positive number

[13:15] {Threei}  meaning I got paid by ECNs to play it

[13:16] {vinod} cover cat 35.48 out faz 8.08

[13:17] {Threei}  very nice on CAT

[13:17] {Threei}  over 50 cents

[13:17] {vinod} TK 

[13:17] {dptl} ye ,thats why it's nice to have ecn t&s to see wich ecn is filling the most so you can get out or get in easily

[13:18] {vinod} I have to play my way sometime because of work

[13:18] {Threei}  unless it gets overcrowded

[13:19] {Threei}  trying to bid FAZ 8.02

[13:19] {dino} mgln not yet nemo, waiting at 29.50

[13:19] {Threei}  yeah right FAZ says

[13:20] {dino} darn, covered my shorts too soon

[13:21] {dino} watching mant and itri for drops into this then bounces

[13:25] {dino} sm l mgln .50 wide

[13:26] {dptl} cat bounce? or to early?

[13:31] {dino} tndm

[13:44] {dino} sm l pnra .10

[13:49] {Threei}  S&P LOWERS CHRYSLER LLC'S RATINGS

[13:49] {Threei}  no really?

[13:52] {nemo} pnra looking more like a short now

[13:54] {dino}  depends on mkt imo

[13:55] {ese} ya'll have good time naaa ya hear........see ya tomorrow

[13:55] {dino} cya es

[13:55] {ese} c ya dino

[13:58] {dptl} {dptl} cat bounce? or to early?...lol 

[14:00] {dino} pnra tighten to .87 not working

[14:01] {nemo} kinda' scary if it breaks 57

[14:06] {dino} stopped-.23

[14:08] {nemo} ITRI ino

[14:09] {Threei} Long Setup:  FAS  .50 break if stays above .45

[14:14] {dino} cpla

[14:17] {dptl} valid again?

[14:18] {nemo} you play cpla dino?

[14:19] {Threei}  I'd like it to make one more move between .45 and .50

[14:19] {Threei}  to reestabliash the range

[14:20] {_ryanagler} gs short at 127 maybe?

[14:20] {_ryanagler} both 20 & 50 ma resistance

[14:20] {dino} sm l life .00

[14:21] {dino} nemo, waiting at 49.60

[14:21] {Threei}  finanacials uptrend again ryan

[14:21] {nemo} for CPLA?

[14:21] {Threei}  it's very jerky, can drop of course

[14:22] {Threei}  but there is nothing to indicate entry

[14:26] {dino} y

[14:26] {dptl} .55-.60 now fas?

[14:27] {Threei}  nah

[14:27] {Threei}  pullback into .50 or under

[14:27] {Threei}  I can't chase after such vertical spike

[14:27] {dptl} ok will wait

[14:28] {_ryanagler} short gs at .05

[14:30] {Threei}  swimming against the current ryan...

[14:32] {_ryanagler} youre probably right.  stop is at .50.  usually when 20 and 50 ma converge on 10min to a point at even number its good resist

[14:32] {nemo} ohoh indicators

[14:34] {vint} even after luch hrs, mkt seems tired

[14:34] {jfjf64} fas

[14:35] {Threei}  news helped send GS/FAS down

[14:36] {Threei}  TSLF auction, not very successful

[14:36] {Threei}  not sure it will have any lasting impact though

[14:36] {Threei}  SENATE BUDGET COMMITTEE CHAIRMAN: GEITHNER TELLS SENATE THAT NO ADDED BAILOUT FUNDS WILL BE REQUESTED ANY TIME IN THE NEAR FUTURE

[14:36] {nemo} hasn't moved TBT

[14:39] {Threei}  half out FAS here

[14:40] {nemo} when did you enter?

[14:40] {nemo} nevermind

[14:45] {_ryanagler} out gs at .50

[14:53] {dino} mant getting interesting again

[14:53] {dino} scor spike

[14:57] {Threei}  uh oh

[14:57] {Threei}  GM

[14:57] {Threei}  BONDHOLDER COMMITTEE HAS REPORTEDLY CANCELLED CONFERENCE CALL; GM NOTES IT WANTS TO FOCUS ON REDUCING DEBT AND CAPACITY AND WORKING WITH AUTO TASK FORCE

[14:57] {Threei}  another sign of strength coming?

[14:58] {Threei}  [12:16] {Threei} - bankruptcy is not a sign of the weakness

[14:59] {dino} score

[15:00] {dino} mwiv drop

[15:03] {Threei}  feels like selloff toward the end of day

[15:03] {Threei}  watch FAZ for entry

[15:03] {Threei}  likely to opullback toward 8 or just under

[15:05] {Threei}  US SENATE DEFEATS CRAM DOWN AMENDMENT TO HOUSING LEGISLATION

[15:05] {dino} mgln stop to .59, mkt fall

[15:05] {dino} life to .89

[15:06] {dino} life stopped -.11

[15:06] {dino} mgln stopped +.09

[15:06] {jfjf64} faz nice

[15:06] {Threei}  you took it jf?

[15:07] {jfjf64} yes .05

[15:07] {jfjf64} out .13

[15:07] {Threei}  good reflexes

[15:07] {fernp} gj

[15:07] {Threei}  it's not over

[15:07] {Threei}  bounce, then selling should resume

[15:08] {_ryanagler} dbl bottom

[15:08] {Threei}  and bounce is not likely to big big

[15:08] {jfjf64} when  do i get hit with the trout

[15:08] {Threei}  I don't think it's going to hold ryan

[15:08] {Threei}  new low is coming

[15:08] {_ryanagler} agree :)

06[15:08] * nemo slaps jfjf64 around a bit with a large roll of cash

[15:09] {jfjf64} yeah 

[15:09] {jfjf64} faz  again

[15:12] {jfjf64} need ya help bg guy

[15:12] {Threei}  what's with DRYS?

[15:13] {nemo} yeah saw that

[15:16] {Threei}  DOW red

[15:16] {Threei}  S&P red

[15:16] {Threei}  NASDAQ is a last one holding

[15:17] {Threei}  here comes breakdown on NASDAQ

[15:17] {Threei}  new low

06[15:17] * Threei high-fives ryan

[15:18] {Threei}  COMP red

[15:18] {Threei}  NQ last one in green

[15:18] {dino} s psys .15

[15:18] {Threei}  FAZ 20 cents spike from under .10

[15:18] {dino} gaps fill, next 8016, 1361,855

[15:25] {Threei}  US HOUSE APPROVES LEGISLATION TO APPROVE CREDIT CARD RULES

[15:25] {jfjf64} ??

[15:25] {Threei}  shrug

[15:25] {jfjf64} no more interest

[15:25] {dino} sm l mwiv .30

[15:27] {jfjf64} faz   .10   

[15:28] {dino} mgln l hl .53

[15:29] {dino} psys stopped -.16 done w/it

[15:30] {Threei}  AIG

[15:30] {Threei}  CONSIDERING CLOSING UNPROFITABLE MORTGAGE GUARANTEE UNIT

[15:30] {Threei}  lol

[15:30] {jfjf64} hmm

[15:30] {Threei}  we must be approaching to bottom of the crisis

[15:31] {jfjf64} faz?

[15:31] {dino} mant sm l .63

[15:31] {Threei}  in .05

[15:31] {Threei}  stop under 8

[15:32] {Threei}  hmmm

[15:32] {Threei}  no news that I see

[15:33] {dptl} faz?

[15:33] {Threei}  15:31] {Threei} in .05

[15:33] {Threei}  [15:31] {Threei} stop under 8

[15:33] {dptl} oh lol

06[15:33] * Threei slaps dptl around a bit with a large alarm clock

[15:34] {dptl} in .05

[15:34] {_ryanagler} in .03

[15:35] {dino} out mwiv .05, +.75

[15:36] {Threei}  wtg dino

[15:36] {fernp} indecent dino :)

[15:37] {dino} lol, lucky bounce

[15:38] {nemo} cu tomorrow

[15:39] {jfjf64} kick this faz

[15:39] {dino} cya nemo

06[15:39] * Threei slowly puts on steel toe boots and looks in FAZ's direction

[15:40] {dino} pnra maybe will fill that gap

[15:40] {dptl} out ty

06[15:40] * Threei meets FAZ eyes

06[15:41] * Threei points finger at his pffer at .15

[15:41] {chinggis} out faz.12 ty

[15:42] {Threei}  sure

[15:42] {dino} mant stop to .83

[15:42] {Threei}  whatever... out .13

[15:43] {jfjf64} ditto ty

[15:43] {jfjf64} faz  got me goin  today   lol

[15:43] {_ryanagler} something big coming

[15:44] {dino} stopped mant +.20

[15:47] {Threei}  last try

[15:48] {Threei}  stop is really small

[15:48] {Threei}  can't stay away

[15:48] {dptl} .05 again?

[15:48] {Threei}  no, took .02

[15:48] {dino} m,gln stop to .93

[15:49] {Threei}  out .08

[15:49] {dino} out +.40

[15:49] {Threei}  chicken feed

[15:49] {Threei}  but there was enough of that today to make it profitable day

[15:49] {_ryanagler} nice

[15:50] {_ryanagler} still holding at .03

[15:51] {dino} light but green

[15:51] {Threei}  yeah

[15:51] {dino} lots of rinses today

[15:52] {Threei}  ryan... you know it's 7 min till eod, right?

[15:53] {_ryanagler} yes.  biggest dumps have come in last 5 min in last couple weeks

[15:53] {Threei}  yeah

[15:53] {_ryanagler} but also biggest rallys :)

[15:53] {Threei}  just making sure :)

[15:53] {Threei}  some here actually frogot

[15:53] {Threei}  and were closing positions in hurry on last seconds, lol

[15:54] {dino} gotta hop, thx all, baseball calls

[15:54] {Threei}  take care dino

[15:54] {dino} u2

[15:55] {Threei}  nice FAZ

[15:56] {_ryanagler} gogo

[15:56] {Threei}  4 min

[15:58] {_ryanagler} fun faz run

[15:58] {jfjf64} woooo    ty    good  night

[15:59] {_ryanagler} stops to .32

[15:59] {dptl} have a good evening all

[15:59] {_ryanagler} ouy. ty vad!

[15:59] {Threei}  thank you all

[15:59] {_ryanagler} out

[15:59] {Threei}  welcome, good job

[16:00] {Threei}  have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {fernp} good evening all

[16:00] {_ryanagler} take care

Apr 29 2009

Lackluster day. A few small stops, a few even smaller wins. One of those days when you don't understand why you bothered to wake up - at least for the trading part of the day.

Session Time: Wed Apr 29 00:00:00 2009

[07:10] {nemo} anybody home?

[08:07] {Threei}  good morning

[08:07] {Threei}  wow DNDN

[08:07] {Threei}  what a killer

[08:07] {Threei}  did its best to destroy both sides

[08:14] {Threei}  Prez on TV in case you wondered

[08:16] {magoo} morning

[08:16] {Threei}  mags

[08:17] {magoo} any feel on DNDN?

[08:18] {Threei}  will be very volatile

[08:18] {Threei}  whether all good news is in or not, remains to be seen

[08:19] {Threei}  it scared the hell out of holders by that yesterday dive,

[08:19] {Threei}  it showed them just how huge the potential for a loss is in this one

[08:19] {magoo} yea

[08:19] {Threei}  so I'd think it will have considerable amount of bailing out

[08:19] {magoo} still avail short in laser

[08:20] {Threei}  my best guess at this point:

[08:20] {Threei}  it will soak in that bailing out and jump uponce again

[08:20] {Threei}  to frustrate those bailed out and to sucker in new portion

[08:21] {magoo} u think go to 30 pre mkt?

[08:21] {Threei}  I don't know

[08:21] {Threei}  it's a pure guess, don't press me

[08:22] {magoo} ask your magic 8 ball..dino smashed ours

[08:22] {Threei}  risk is on multi-points on this one, especially pre-market

[08:26] {magoo}  don't press me

[08:26] {magoo} ? no pressure, cranky

[08:26] {Threei}  cranky is my usual state

[08:26] {Threei}  just ask my wife

[08:27] {magoo} gdp nummbers

[08:27] {Threei}  in 3 min

[08:28] {Threei}  REPORTEDLY CHRYSLER CEO NARDELLI NOTES THE UAW HAVE UNANIMOUSLY APPROVED A TENTATIVE NEW LABOR PACT WITH THE FIRM - MEMO

[08:30] {Threei}  Q1 ADVANCED GDP PRICE INDEX: 2.9% V 1.8%E;

[08:30] {Threei}  CORE PCE Q/Q: 1.5% V 1.0%E

[08:30] {Threei}  Q1 ADVANCED GDP ANNUALIZED: -6.1% V -4.7%E; PERSONAL CONSUMPTION: 2.2% V 0.9%E

[08:30] {dptl} good morning all

[08:30] {Threei}  dp :)

[08:35] {pita} ola

[08:35] {Threei}  pita :)

[08:39] {fernp} Good morning

[08:40] {Threei}  fern :)

[08:40] {larisa} good morning :) 

[08:40] {Threei}  larisa :)

[08:47] {Threei}  GDP numbers failed to send the market down

[08:48] {cosmo} failed?

[08:49] {_ryanagler} first US swine flu death also failed

[08:50] {vinod} good morning

[08:50] {_ryanagler} Good morning

[08:50] {Threei}  ryan, vinod :)

[08:50] {Threei}  yes, nothing can keep this market down

[08:50] {cosmo} hmmm ... flu failed to impress

[08:51] {nemo} gotta' decrease the surplus population anyway

[08:51] {vinod} we need more bad news it is good for market

[08:52] {Threei}  market does its usual job

[08:52] {Threei}  goes up with as few on board as possible,

[08:53] {Threei}  by using bad news as a factor keeping crowd at bay

[08:53] {Threei}  climbing up against all odds,

[08:53] {Threei}  luring them in,

[08:53] {nemo} THen........

[08:53] {Threei}  and setting the stage for the usual:

[08:53] {cosmo} climbing up against all walls

[08:53] {Threei}  when the crowd gives up and jumps on board, vertical spike with volume explosion follows,

[08:53] {Threei}  then trap shuts

[08:54] {Threei}  and market drops

[08:55] {ese} GM

[08:55] {Threei}  ese :)

[08:55] {ese} hey vad

[08:57] {_ryanagler} shorting a tiny bit of fas at .75 for possible fade

[09:03] {Threei}  GERN

[09:03] {Threei}  HEARING STRENGTH BEING ATTRIBUTED TO CHATTER COMPANY MAY SIGN LARGE CONTRACT WITH A PHARMACEUTICAL COMPANY

[09:04] {ese} bulk dry index?  anybody seen or heard?

[09:08] {Threei}  not for quite a while

[09:11] {chinggis} Goodmorning

[09:11] {pita} drys up 5% on no news

[09:12] {ese} i'm liking the look of the daily chart pita....nice pullback to support

[09:12] {ese} morning chingis

[09:12] {Threei}  chingis :)

[09:13] {pita} I'm watching too

[09:14] {pita} DRYS pre mkt high close to yesterday high

[09:16] {Threei}  WFC yest high 20.12, premarket 20.15

[09:16] {ese} dndn just hit my screens

[09:16] {Threei}  if we get strength, that area is breakout point

[09:19] {dino} gm all

[09:20] {fernp} gm dino

[09:20] {nemo} hey "lucky" man

[09:20] {Threei}  dino :)

[09:20] {nemo} oh no...an ELP moment

[09:20] {dino} :)

[09:20] {jfjf64} good mornin   all

[09:20] {Threei}  jf :)

[09:20] {ese} hey dino

[09:22] {dino} gm

[09:22] {pita} Vad, thoughts on HBAN?

[09:23] {ese} don't stay in it along time....financial not that good

[09:24] {Threei}  none yet...

[09:24] {Threei}  yest high 2.96

[09:24] {Threei}  if consolidates a bit close to it, then breaks with other finnies being storng, could be a play

[09:25] {Threei}  DNDSN won't quit until last short is destroyed eh

[09:25] {ese} boy i'll say

[09:26] {ese} that thing is all over my screens this morning

[09:26] {dino} off mine

[09:26] {Threei}  I used whiteout to get rid of it

[09:26] {ese} i'll try tape

[09:26] {Threei}  works great on monitor surface

[09:27] {ese} simple mater of using a chisel to get it off ...perfect

[09:28] {Threei}  sheesh DNDN

[09:28] {Threei}  one thing is for sure

[09:29] {Threei}  if in the next 1 minute it drops to $5, buy it

[09:30] {ese} ill heed that advice

[09:31] {Threei} Long Setup:  WFC  .95 break

[09:31] {Threei}  if stays above .80

[09:32] {nemo} half or whole

[09:32] {Threei}  jeez DNDN

[09:33] {nemo} invaluamdidate

[09:33] {Threei}  invalidated anyway

[09:33] {Threei}  I am still inetersted, watching for new setup

[09:33] {dino} pfwd

[09:35] {dptl} hban?

[09:36] {Threei}  if stays close to .96 and breaks when FAS bounces, valid play

[09:36] {ese} l drys .40

[09:36] {dino} pnra

[09:38] {Threei}  looks like first morning jumpiness subsides

[09:38] {Threei}  WFC, pullback into .70 for long entry

[09:38] {dptl} in hban

[09:41] {pita} in

[09:41] {dino} hsii

[09:43] {nemo} am I still here?

[09:43] {Threei}  very existential question

[09:44] {nemo} no, because there were no entries and then all the entries from 9:36 to 9:41 popped up at the same time

[09:46] {Threei} Short Setup: WFC  .90 breakdown half lot

[09:46] {dptl} stop .85 for hban? 

[09:47] {dino} pnra sm l .50, jumpy wide

[09:47] {dptl} in wfc

[09:47] {magoo} in

[09:48] {nemo} in

[09:48] {nemo} stop is 95

[09:48] {Threei}  for scalpers...

[09:48] {Threei}  I'd prefer over over 20

[09:52] {Threei}  CRYP...

[09:53] {Threei}  no worky WFC

[09:53] {dptl} stopped

[09:54] {pita} stopped

[09:55] {pita} FITB

[09:56] {wulff} I feel a F .40 breakout coming

[09:56] {Threei}  .long lulu 14.80 break

[09:56] {Threei} Long Setup:  LULU  14.80 break

[09:57] {magoo} crazy one right?

[09:57] {Threei}  potentially

[09:58] {dptl} stop to under .90 hban

[10:01] {Threei}  (US) WHITE HOUSE'S ROMER: BELIEVES Q1 GDP MAY HAVE A "SILVER LINING" IN HIGHER CONSUMER SPENDING AND LOWER INVENTORIES - TV INTERVIEW

[10:01] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[10:02] {wulff} RIMM looks short candidate

[10:03] {nemo} NDX might be bottoming, maybe not

[10:03] {nemo} that is Rimm short if NDX going to climb

[10:03] {ese} is ARCA down?

[10:04] {Threei}  CAT

[10:04] {Threei}  CEO STATES THAT SALES OF LARGE EARTH MOVERS IN CHINA HAVE RESUMED POSITIVE TREND -WSJ

[10:04] {nemo} sorry wulff never mind, charts screwed up...you're right

[10:06] {dptl} stopped hban

[10:08] {dino} life

[10:09] {wulff} is

[10:09] {magoo} shit]

[10:09] {dino} psys close to hod

[10:09] {wulff} there goes RIMM

[10:10] {wulff} was going to do .80 break

[10:12] {Threei}  BAC

[10:12] {Threei}  LEWIS: NOTES THAT EVERY MAJOR BANK "UNDER PRESSURE"; HAVE LOST SOME TALENT TO COMPETITORS - ANNUAL MEETING

[10:12] {dino} psys spike

[10:13] {dino} pnra stopped -.50 dumb had .50

[10:16] {dino} sm s psys .10

[10:18] {ese} daaaaaaa...first opportunity i'm outa drys.....itzzaaa doing nothing

[10:18] {dptl} wfc?

[10:18] {wulff} I'll take it from you

[10:18] {Threei}  shrug

[10:18] {Threei}  you see any setup to take?

[10:19] {Threei}  slow up and down, sometimes sudden spike in random direction

[10:19] {wulff} F .38 break

[10:21] {ese} out drys .41 even daaaaaa

[10:22] {Threei}  LVS lost its mind

[10:22] {ese} vad you describing the sex life of a trader in that last post????

[10:22] {ese} 2nd last post

[10:23] {dino} hsii l .05 sm

[10:28] {vinod} wow!!! if GDP was down 10% market would been up 300

[10:28] {ese} sorry vad......that last attempt at humor has tongue tied you...appologies

[10:29] {larisa} do not worry ese, he is just asleep :)

[10:29] {ese} pheeeewww.....

[10:29] {nemo} wow up and up

[10:30] {Threei}  *DOE CRUDE: +4.05M V +2ME;

[10:31] {Threei}  we have FOMC today... mostly non-event I'd think

[10:32] {Threei}  although who nows what they say in comments

[10:32] {ese} no....Bernake will say something totally inappropriate once again and all hell will break loose

[10:36] {Threei}  jeez

[10:36] {Threei}  typed alert short DNDN 25.10 break

[10:37] {Threei}  was late as it broke while I typed

[10:38] {magoo} i got that

[10:38] {magoo} honest

[10:40] {dino} sm s life .15

[10:40] {Threei} Long Setup:  GE  .46 if stays above .40

[10:40] {magoo} covered here ,36

[10:40] {magoo} +  alot

[10:40] {dptl} in ge

[10:41] {magoo} ty vad for telepathic short call

[10:41] {Threei}  lol

[10:41] {magoo} something compelled me

[10:41] {dino} gj

[10:42] {magoo} in ge

[10:44] {jfjf64} lets go  ge

[10:45] {magoo} vad is there news RIMM?

[10:46] {Threei}  nothing fresh or urgent

[10:48] {vinod} someone should kick the GE

[10:49] {Threei}  look at it's daily

[10:49] {Threei}  screams 14

[10:49] {vinod} nemo-What are they drinking on Wall Street?

[10:50] {Threei}  EU'S JUNCKER: NO SIGNS OF EUROPEAN ECONOMIC STABILZATION AT THE MOMENT, BUT STILL SEE ECONOMY RECOVERY IN 2010

[10:50] {Threei}  sigh

[10:51] {nemo} ge seems to be caught wit fas

[10:52] {nemo} am I here

[10:52] {ese} hello

[10:52] {ese} wondering the same

[10:52] {vinod} hello

[10:53] {magoo} i cant see any of u 3

[10:53] {vinod} my screen went blank

[10:53] {nemo} :)

[10:53] {nemo} usual state for my brain vinod

[10:54] {dino} same

[10:56] {Threei}  anything's going to qwork today?

[10:56] {dptl} ah...stopped ge

[10:56] {nemo} stopped

[10:57] {cosmo} ATVI test @ 11  fwiw

[10:57] {pita} stopped

[10:57] {fernp} stopped GE

[10:57] {Threei} Long Setup:  DNDN  half lot .10 break

[10:57] {Threei}  stop under .90

[10:58] {magoo} too funny..i just took 24 long

[10:58] {dptl} valid still ?

[10:59] {vinod} see you after 1.30

[10:59] {Threei}  yes

[10:59] {Threei}  take care vinod

[11:00] {magoo} bye v

[11:00] {dino} pnra big rinse-job

[11:01] {magoo} out

[11:01] {Threei}  invalidated DNDN

[11:01] {magoo} RIMM vad..near low

[11:03] {jfjf64} stopped ge

[11:05] {dino} filled gap yesterday rimm

[11:10] {cosmo} atvi 11 wall

[11:11] {ese} didn't think it would get there but s/p 872....875 resistance....go through that and who knows

[11:11] {dino} life to b/e stuck

[11:14] {dino} psys stopped -.34

[11:15] {Threei}  WHO: MOVING TOWARDS A PHASE 5 PANDEMIC ALERT

[11:16] {dino} and ccl, rcl up

[11:16] {Threei}  NO SIGNS SWINE FLU IS SLOWING ITS SPREAD; CURRENTLY FLU CLOSE TO THAT OF SEASONAL FLU

[11:16] {Threei}  - Currently at Phase 4; raised to Phase 4 from Phase 3 on 4/27

[11:24] {Threei}  what the deuce

[11:24] {Threei}  market is climbing, I can't find any play to follow it

[11:25] {Threei}  Prez on TV btw

[11:25] {dino} same

[11:28] {dino} psys rinsed too, rinse day

[11:30] {dino} 874.96

[11:31] {nemo} right at resistance

[11:31] {magoo} huge offer rimm vad 01

[11:32] {Threei}  so.. long on break?

[11:32] {magoo} yea

[11:32] {magoo} if eats it

[11:33] {magoo} unless its  the ole dupe and poop

[11:33] {Threei}  anyone sees anything on BCON and URRE?

[11:36] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:38] {chinggis} any read on QLGC 3i?

[11:39] {Threei}  looks breaky

[11:39] {chinggis} ty

[11:39] {Threei}  if market resumes climb, should break

[11:40] {Threei}  how much it has left in it after a dollar climb is anyone's guess

[11:43] {chinggis} in.68 out .74 qlgc

[11:43] {chinggis} ty

[11:43] {dino} psys s .84

[11:44] {dino} life stopped b/e

[11:44] {dino} spiked

[11:50] {Threei}  SHAREHOLDER VOTE REGARDING CEO LEWIS' POSITIONS AS CHMN/CEO IS REPORTEDLY TOO CLOSE TO CALL

[12:03] {Threei}  if you researched whether there is life on earth and used market of last hour as your evidence, answer would have been no

[12:10] {dptl} cat short .60?

[12:11] {Threei}  looks right

[12:11] {Threei}  will require markethelp of course but the chart is right

[12:12] {Threei}  may want to think of aggressive entry

[12:12] {dptl} ok ty

[12:12] {Threei}  like .67 if stays under .75

[12:20] {magoo} u like GS short lord vader?

[12:21] {Threei}  I rarely like GS short...

[12:21] {Threei}  GS always goes up

[12:22] {Threei}  on serious note, I don't know mags

[12:22] {Threei}  I am obviously not in tune with market today so far,

[12:22] {Threei}  and GS is a stock that bills you at high rate for mistakes

[12:23] {Threei}  then again, there's not much to be in tune with today

[12:25] {magoo} NVAX takes 3

[12:33] {dino} pnra maybe double bottom in making

[12:33] {magoo} u got the ball dino..u make the call

[12:33] {Threei}  really... someone should

06[12:33] * Threei hides under the nearest rock

06[12:34] * magoo slaps magoo around a bit with a large trout

[12:35] {dptl} wfc ?

[12:36] {Threei}  still downtrending...

[12:37] {magoo} sh dndnm 

[12:37] {dptl} ye was thinking .90 break

[12:37] {Threei}  and does so against FAS

[12:37] {magoo} loss 24 

[12:37] {magoo} to fast

[12:37] {magoo} sheesh

[12:39] {magoo} sh GS here RISKY

[12:42] {magoo} DNDN 35:1 lol

[12:42] {magoo} 1 cent stop

[12:42] {nemo} DH

[12:43] {magoo} out .70

[12:45] {Threei}  I got tired of sitting... short CAT

[12:46] {Threei}  stop .81

[12:47] {dptl} in .72

[12:47] {nemo} in what?

[12:47] {Threei}  lol nemo

[12:47] {Threei}  lift your esy by two lines

[12:47] {Threei}  eyes

[12:48] {nemo} no dptl?

[12:48] {nemo} he went short cat there?

[12:48] {dptl} yes

[12:48] {nemo} o.k.

[12:49] {Threei}  ok CAT, how about you drop to 33 in one big swoop, and we make the day and go home?

[12:49] {jfjf64} lets go

[12:49] {magoo} INNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNn

[12:49] {dptl} that would be nice 

[12:49] {magoo} look out johnny...EYEEEEEEEEe

[12:49] {Threei}  dino... why do you keep coffee with cafeine in the office?

[12:50] {Threei}  with magoo around that's a big no no

[12:50] {nemo} it's not the coffee, Vad.  It's when Mags forgets to take his lithium

[12:52] {magoo} out GS loss dime

[12:52] {dptl} wfc .80 short?

[12:53] {Threei}  hard to tell...

[12:53] {Threei}  lost quite a bit already from the high

[12:54] {dino} sm pnra .95 l

[12:54] {magoo} out cat

[12:54] {magoo} loss 05

[12:55] {jfjf64} me too

[12:55] {jfjf64} loss06

[12:58] {Threei}  sigh

[12:58] {dptl} stopped

[12:59] {nemo} Some days you get the bear, some days the bear chews you limb from limb

[13:00] {Threei}  considering size of stops, rather toes than lims

[13:08] {chinggis} cake?

[13:08] {Threei}  no thanks

[13:09] {Threei}  ok... a bit too extended here

[13:09] {Threei}  oullback, maybe

[13:09] {Threei}  break - no

[13:09] {chinggis} ok ty

[13:13] {nemo} wfc vad

[13:16] {vinod} I see lots of smily face!!!!!!

[13:17] {nemo} where?

[13:17] {Threei}  where?

[13:17] {vinod} here?

[13:17] {Threei}  I hear a lot of snorring

[13:17] {nemo} damn wfc

[13:17] {pita} counting lost toes.....

[13:17] {vinod} just to make you guy laugh

[13:18] {nemo} don't quit your day job vinod

[13:18] {Threei}  all three of them?

[13:18] {Threei}  toes I mean

[13:18] {vinod} I can do limited here plus can't use software you guy using

[13:18] {nemo} what?

[13:19] {Threei}  what what?

[13:19] {nemo} oh, pita???

[13:19] {pita} yeahh

[13:19] {pita} three toed sloth I guess

[13:20] {Threei}  BAC

[13:20] {Threei}  REPORTEDLY SHAREHOLDERS ELECT ALL BOARD MEMBER CANDIDATES - UNCONFIRMED REPORT

[13:23] {Threei}  WHITE HOUSE ADVISOR VOLKER: NO MORE STIMULUS IS NEEDED, CURRENT CREDIT PROGRAMS FROM THE FED ARE RISKING ITS INDEPENDENCE

[13:23] {Threei}  - Does not believe any systemically important banks will fail

[13:23] {Threei}  wow

[13:24] {dino}  875.97

[13:24] {Threei}  that's as good excuse for the market to go up as any

[13:28] {jfjf64} ms

[13:28] {magoo} MS animal

[13:30] {vinod} now everyone on side line are going in?

[13:31] {Threei}  yes but we are approaching Fed time

[13:35] {pita} adios amigos

[13:35] {magoo} adios muchachos

[13:35] {Threei}  take care pita

[13:37] {dino} cya pita

[13:49] {vinod}  market is primed for a big move…up or down

[13:49] {magoo} UP

[13:50] {magoo} but decision day..UP..down..UP...DOWN ..finish up[

[13:50] {magoo} or down lol

[13:50] {vinod} why you wants short to be killed

[13:51] {vinod} they are half dead

[13:51] {dptl} have a good evening all

[13:51] {larisa} bye dp

06[13:52] * magoo slaps dptl around a bit with a large trout

[13:52] {Threei}  take care dp

[13:53] {vinod} money from helicopters coming

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

[13:56] {laserdave} somehow i new that was coming

[13:59] {magoo} huh?

06[13:59] * magoo slaps dino around a bit with a large trout

06[13:59] * magoo slaps Threei around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps nemo around a bit with a large trout

06[13:59] * magoo slaps patience around a bit with a large trout

06[13:59] * Raven slaps magoo around a bit with a large trout

[13:59] {Raven} clam down !

[13:59] {magoo} HEY..what  i do?

[13:59] {Threei}  dino... you hid his Prozac or what?

[14:07] {dino} he's a pain in the azz

[14:07] {ese} whoa that looks like a heck of beating larisa......

[14:07] {ese} hows everyone......got called away on some business

[14:07] {larisa} looks like I am his favorite :)

[14:08] {ese} i'll say

[14:08] {larisa} or finger got stuck

[14:08] {dino} light day for me lots of rinses

[14:08] {ese} ya...i only gave drys a try earlier dino

[14:08] {ese} basically got rinsed

[14:09] {Threei}  he just head a seizure larisa... :)

[14:09] {larisa} or that :)

[14:10] {Threei}  broken ankle + abundance of caffeine + hidden Prozac...

[14:10] {ese} s/p bouncing off support

[14:12] {magoo} plus booze

[14:13] {ese} in for a bit....gone for the day....catch you all tomorow

[14:13] {Threei}  2 min

[14:13] {magoo} okdow up 188 before fed

[14:13] {magoo} naz up 44

[14:14] {magoo} strtategy vad?

[14:15] {nemo} shhhhhhh....don't wake him up mags

[14:15] {Threei}  shrug

[14:16] {Threei}  FOMC LEAVES RATE UNCHANGED AT 0.25%;

[14:16] {magoo} unchanged

[14:16] {Threei}  as if anyone doubted that

[14:17] {Threei}  SEES GRADUAL RESUMPTION OF ECONOMIC GROWTH

[14:21] {nemo} TBT exploding

[14:22] {Threei}  SEEING SIGNS OF STABILIZATION IN SPENDING

[14:22] {Threei}  - Leaving GSE and Treasury purchases unchanged

[14:22] {Threei}  - Vote was 10-0

[14:22] {Threei}  - Sees some risk for inflation to be below desired levels

[14:22] {Threei}  - Will continue evaluation of timing and amounts of purchases of Treasuries and GSEs

[14:22] {Threei}  - Economic outlook likely to remain weak; outlook has improved slightly since March

[14:23] {nemo} TBT up 1.50 in 5 minutes

[14:23] {nemo} non DNDN...

[14:24] {dino} tbt not believing inflation risk low

[14:24] {nemo} me neither

[14:25] {nemo} although, why this fomc decision elicited that response is beyond me.  Then again, I don't understand women either

[14:26] {magoo} see my dn up dn up call true

[14:26] {Threei}  TBT probably reacted to this line

[14:26] {Threei}  [14:22] {Threei} - Leaving GSE and Treasury purchases unchanged

[14:27] {nemo} leaving the liquidity in the market

[14:27] {nemo} that really isn't in the market, it's just mouseclicks "supposedly" sitting in the banks

[14:27] {vinod} Federal Reserve Bank. is PRIVATELY-owned, mostly by the banks receiving the bailouts

[14:28] {Threei}  BAC

[14:28] {Threei}  TO REPORTEDLY RECOUNT SHAREHOLDER VOTE ON CEO LEWIS

[14:30] {nemo} that's a riot.  GLD craters

[14:31] {Threei}  goldbugs discuss new consipracy theories right about now?

[14:32] {nemo} well, 80-90% of all gold futures contract are through 3 banks I think

[14:33] {nemo} fas to new highs

[14:33] {nemo} 400 point day coming on the dow?

[14:34] {Threei}  lwet's see if we get pullback to try

[14:34] {Threei}  FAS around .30

[14:34] {Threei}  WFC .10

[14:36] {magoo} dndn crushed in this big up move

[14:37] {vinod} how good is volume?

[14:38] {nemo} lousy as of 20 minutes ago

[14:38] {nemo} 60% on DOW 92% on nas 65% on S&P

[14:39] {nemo} wfc

[14:39] {nemo} shit was sitting at .11

[14:40] {nemo} miners are up big

[14:41] {dino} pnra stop to .60

[14:42] {dino} to .69

[14:42] {dino} out +.74

[14:44] {nemo} dino....lucky again....:)

[14:46] {dino} y

[14:49] {Threei}  +400 day got canceled or what?

[14:49] {nemo} ask larisa

[14:49] {dino} cern

[14:50] {larisa} +200 is not good enough for you ? :)

[14:50] {Threei}  not if we haven't gotten a way to exploit it

[14:52] {larisa} if you want make market Goddess laugh, tell her about your plans 

[14:52] {nemo} cute...that's what we say in general

[14:53] {Threei}  PIMCO'S BILL GROSS: BELIEVES FED IS 'SAVING AMMUNITION'; IS DISAPPOINTED - TV INTERVIEW

[14:53] {Threei}  what did he want to hear?

[14:53] {nemo} that guy pisses me off

[14:55] {dino} talks his book

[14:55] {nemo} yes, I understand.  Too close to a politician for me

[14:55] {Threei}  in WFC .81

[14:55] {dino} 60 pt drop

[14:58] {Threei}  PIMCO'S EL-ERIAN: FED IS RISKING A JAPANESE SCENARIO, IN WHICH POLICY SUPPORT IS WITHDRAWN TOO EARLY

[14:59] {Threei}  out .87

[14:59] {jfjf64} out.85

[14:59] {Threei}  as dawg would say, chrissake trade

[14:59] {jfjf64} gm on vad

[15:00] {Threei}  this is frikin first win today for me, lol

[15:01] {magoo} u suk he he {as magoo runs for cover from impending fish fest}

[15:01] {jfjf64} only 3  pm

[15:01] {Threei}  no fish for you

[15:01] {nemo} try a sledge

[15:01] {Threei}  I have nercy on men with brken ankles and nop Prozac

[15:02] {nemo} Vad, always kick a man when he's down.  He might get up and start kicking you

[15:02] {Threei}  problem is, he enjoys it too much

[15:02] {magoo} man..what i gotta say to get slapped?

[15:03] {magoo} u suk iss BAD

[15:03] {Threei}  see?

[15:07] {dino} sm s tbt .20

[15:08] {Threei}  MGM HALTED

[15:08] {larisa} AMZN does not look happy

[15:09] {Threei}  LVS can be the way to play MGM news when it appears

[15:12] {Threei}  Fiat

[15:12] {Threei}  WILL BE SIGNING PARTNERSHIP AGREMENT WITH CHRYSLER TOMMOROW; BANKRUPTCY NOT RULED OUT - CNBC REPORT

[15:23] {larisa} very clean AMZN breakdown, made 15c :) rich now!

[15:23] {Threei}  WFC getting tempting again

[15:24] {dino} gj larisa

[15:24] {Threei}  wtg

[15:25] {larisa} lol

[15:25] {dino} pnra app. lod

[15:26] {Threei}  larisa... even +200 becomes [roblematic

[15:27] {dino} 100 pt drop

[15:27] {Threei}  is that how you deminstrate the power of market goddess?

[15:27] {Threei}  okay.... bounce time

[15:27] {larisa} +200 she will give us

[15:27] {Threei}  in WFC

[15:28] {Threei}  half out .52

[15:28] {Threei}  +.10

[15:28] {Threei}  wanted FAS too but that one got away

[15:31] {Threei}  second half didn't work

[15:32] {Threei}  REPORTEDLY US HOUSE PANEL HAS PASSED MORTGAGE FINANCE REFORM BILL

[15:32] {Threei}  {XLF}

[15:34] {jfjf64} ??

[15:35] {magoo} dndn

[15:39] {Threei}  that last WFC dive was wotrth holding eh

[15:39] {dino} tbt bstop to .01

[15:39] {nemo} 3rd eye a bit fogged

[15:43] {dino} cov tbt .90, +.30

[15:45] {Threei}  why did I wake up today?

[15:45] {nemo} duh?  It's more like why did you trade today...

[15:45] {dino} rimm, intc, txn not really participating

[15:46] {Threei}  3 stops, 2 wins which haven't covered stops, just made the end result so laughable, the opnly question I have is why didn't I just sleep in

[15:46] {dino} took me until afternoon vad

[15:46] {Threei}  and on top of that I have to siffer nemo's caustic remarks

[15:47] {Threei}  and magoo's stinkin' fish

[15:47] {nemo} That wasn't caustic

[15:47] {dino} least you don't have to look at him

[15:47] {Threei}  lol... you win dino

[15:48] {dino} blow off top?

[15:49] {Threei}  US SENATE FINANCE COMMITTEE TO REPORTEDLY PRODUCE LEGISLATION AIMED AT OFFSHORE TAX EVASION IN THE NEAR TERM

[15:54] {Threei}  okay guys

[15:55] {Threei}  waste of the day

[15:55] {Threei}  we will get them tomorrow

[15:55] {Threei}  unless they get us

[15:55] {Threei}  have a good evening, see you tomorrow

[15:55] {nemo} paranoid?

[15:55] {dino} pnra lod

[16:00] {vint} good evening all (have been in and out last couple of days..)

[16:01] {dino} take care all, tee time in 30