May 05 2009

Not much happened. Some trades worked, some didn't - narrow and boring day for the most part.

Session Time: Tue May 05 00:00:00 2009

[08:11] {magoo} morning

[08:11] {Threei}  good morning

[08:12] {cosmo} so far...

[08:14] {magoo} wynn news vad?

[08:16] {Threei}  05/04/09 04:30pm [MGM] Reports Q1 -$0.06 v -$0.07e, R $1.50B v $1.57Be

[08:16] {Threei}  look LVS

[08:21] {KSystems} good morning

[08:22] {nemo} morgen

[08:22] {Threei}  ks, nemo :)

[08:24] {magoo} man, i see WFC hit 24, bac over 10..figures:(

[08:25] {Threei}  are you really willing to hold any of those overnight in this situation?

[08:27] {vinod} good morning to all

[08:27] {Threei}  vinod :)

[08:27] {Threei}  remember I said yesterday thast all kinds of rumors will be flying around into stress tests results

[08:27] {magoo} no, u misunderstand..i left at 1:30 for docs

[08:27] {magoo} i was  long thosse

[08:27] {Threei}  Quoting unnamed sources familiar with the stress-test results, Wall St Journal reported that the government is expected to request that 10 out of the 19 banks undergoing stress tests would be requested to raise additional capital. This follows speculation that Bank of America and Citi, would need a $10B equity raise - a claim refuted by BAC spokesman - and as many as 4-6 banks would have to post additional capital.

[08:28] {magoo} cut to go'

[08:28] {Threei}  ah

[08:28] {Threei}  well... how's ankle?

[08:29] {magoo} ok, ty for asking

[08:30] {vinod} missed yesterday--today is going to be my day

[08:33] {Threei}  ACAD got target 7

[08:33] {Threei}  from JPM

[08:33] {pita} greetings all

[08:33] {magoo} jpm put price target of 7?

[08:33] {Threei}  pita :)

[08:34] {Threei}  06:43am [ACAD] JMP Securities Raised ACAD to Market Outperform from Market Perform, price target: $7

[08:34] {ese} good morning 

[08:35] {Threei}  ese :)

[08:39] {fernp} good morning

[08:39] {Threei}  fern :)

[08:41] {ese} fern

[08:49] {Threei}  keep an eye on ACAD for possible repetition of yesterday's opening

[08:50] {Threei}  it dropped sharlpy from pre-market levels, and immediately shot up like crazy anthelope

[08:50] {nemo} I didn't know antelope's were heroin addicts?

[08:51] {cosmo} only those in Afganistan

[08:51] {nemo} they just sell the poppy's

[08:52] {cosmo} they transport them; they get a cut...

[08:53] {pita} thoughts on ALKS?

[08:53] {nemo} those are yaks

[08:53] {cosmo} oh

[08:53] {ese} what the s/p at so far...

[08:54] {Threei}  I don't see news

[08:54] {Threei}  on ALKS

[08:54] {larisa} good morning :)

[08:54] {Threei}  larisa :)

[08:54] {dptl} good morning all

[08:54] {Threei}  is it just sympathy with AMLN?

[08:54] {Threei}  dp :)

[08:55] {cosmo} AMLN:  Exenatide Once Weekly New Drug Application Submitted to FDA for Type 2 Diabetes

[08:55] {ese} anyone have s/p quote for this morning

[08:55] {ese} dp

[08:55] {ese} larisa

[08:55] {Threei}  898.70 I see ese

[08:55] {nemo} spy is 90.36

[08:55] {pita} ALKS partnering with AMLN

[08:56] {ese} tks mine not quoting....weird ...don't know why

[08:56] {nemo} spx is 904.72

[08:56] {nemo} 904.80

[08:56] {cosmo} HOLX

[08:56] {cosmo} 12.50   so far

[08:57] {Threei}  don't know pita... AMLN's own story is just submission for approval

[08:59] {cosmo} Hologic Beats by Two Cents, Guidance Mixed - Down 7% in After-Hours

[08:59] {cosmo}   HOLX

[09:01] {ese} 22% haircut for holx

[09:01] {dino} gm all

[09:02] {dino} turnaround tuesday?

[09:02] {Threei}  dino :)

[09:02] {ese} dn dino?     got that feeling

[09:02] {nemo} does that mean a pullback then dino?

[09:02] {dino} y

[09:03] {dino} 5 mondays neg., tuesdays up, so .....

[09:05] {dino} yhoo

[09:05] {dino} rumors w/msft again

[09:06] {chinggis} gm all

[09:09] {ese} chingis

[09:09] {ese} ya yahoo just lit up my screens

[09:09] {Threei}  chinggis :)

[09:09] {nemo} Khan :)

[09:17] {ese} anyone trade yahoo regularly

[09:18] {ese} dialy chart looks all over the map.......does it trade in a fairly organized manner

[09:20] {Threei}  more or less, until another round of rumors with MSFT hits

[09:26] {jfjf64} good  mornin all

[09:26] {Threei}  jf :)

[09:26] {ese} jf

[09:27] {Threei}  WYNN

[09:27] {Threei}  REPORTS Q1 -$0.27 (UNCLEAR IF COMPARABLE) V $0.02E, R $740M V $742.6ME

[09:27] {jfjf64} how  ya feeli 3i

[09:27] {magoo} cinf call at 11 am

[09:27] {magoo} conf

[09:28] {Threei}  ty jf... why is it a concern though?

[09:28] {jfjf64} lol     

[09:28] {Threei}  LVS reports after close

[09:32] {Threei}  watching how DRYS is holding near .20 while market downticks

[09:32] {magoo} HOLX bouncer vad?

[09:32] {dino} y

[09:32] {dino} mygn bloody

[09:32] {dino} good report imo

[09:33] {dino} hsic good, but blood

[09:33] {jfjf64} strong  drys

[09:33] {nemo} fas exploded

[09:34] {cosmo}   GERN

[09:34] {cosmo} ...wants 6

[09:36] {cosmo} and more...

[09:36] {Threei}  LVS

[09:36] {Threei}  sharop pullback

[09:36] {Threei}  watching for wentry if drops to near 11

[09:37] {Threei}  in

[09:37] {Threei}  .03

[09:37] {Threei}  stop under .90

[09:38] {Threei}  no worky

[09:38] {ese} ouch dino...mygn

[09:39] {dino} sm l holx .00

[09:40] {Threei} Long Setup:  DRYS  .35 break

[09:40] {Threei}  if stays above .25

[09:40] {dino} missed it twice .00 amnd .35, now at .50

[09:41] {dino} fast

[09:41] {dino} hsic i like at 44

[09:46] {dino} gpro sm l .50

[09:46] {Threei} Long Setup:  LVS  .50 break if stays above .40

[09:47] {dino} watching mant, mgln, hsic, mygn

[09:48] {Threei} Long Setup:  DRYS  .86 if stays above .80

[09:49] {dino} mygn sm l .50 wide

[09:51] {Threei}  PREVIEW: FED CHAIRMAN BERNANKE SCHEDULED TO TESTIFY BEFORE THE JOINT ECONOMIC COMMITTEE OF CONGRESS AT 10AMET

[09:51] {Threei}  - note: the testimony might be released a bit early, so as not to conflict with the ISM data is due out at 10amET

[09:52] {dino} mant sm l .45

[09:52] {Threei}  ptry

[09:53] {Threei}  whoa WFC

[09:55] {dptl} cenx .50 break?

[09:55] {Threei}  if comfortable with stop under .35

[09:56] {dptl} ok ty

[09:58] {dino} mant stopped -.25

[09:59] {jfjf64} lvs whoa

[09:59] {ese} no clear direction in market today....if anything dn

[09:59] {Threei}  a l,ot of hectic up and down

[09:59] {fernp} YHOO strong today

[09:59] {dino} gpro to .80

[10:00] {Threei}  *APR ISM NON-MANUFACTURING COMPOSITE: 43.7 V 42.2E

[10:00] {dino} mygn to .99

[10:00] {dino} stopped +.49

[10:00] {Threei}  US) FED CHAIRMAN BERNANKE: SEEING SIGNS OF A BOTTOM IN US HOUSING MARKET - CONGRESSIONAL TESTIMONY

[10:01] {dino} gro stopped slipped .75 +.25

[10:01] {Threei}  ANY RELAPSE IN CREDIT CRISIS COULD STALL THE EMERGING RECOVERY

[10:01] {Threei}  - Housing is stabilizing, but expects drops in inventory to slow

[10:02] {dino} rinsed ouch gpro

[10:03] {Threei}  EXPECTS ECONOMY TO PICK UP LATER IN 2009;

[10:03] {Threei}  - Pace of US contraction may be slowing, while demand, especially among households, may be stabilizing

[10:03] {Threei}  - US likely to see more "sizable" job losses.

[10:03] {Threei}  - Fed plans to issue monthly data on the collateral in its programs.

[10:03] {dino} cmtl sm l .15

[10:05] {Threei} Long Setup:  DRYS  10 break

[10:05] {Threei}  if stays above 9.90

[10:06] {Threei}  1:1

[10:06] {Threei}  this one I just can't believe: HIG

[10:07] {Threei}  stewie comes to mind

[10:07] {nemo} Doesn't stewie live in Connecticut?

[10:08] {Threei}  DRYS

[10:08] {Threei}  same setup once again

[10:09] {dino} mant sm l .15 

[10:09] {Threei}  difference being, this time stop will be under the level it bottoms at before taking 10 again

[10:09] {Threei}  under .95

[10:09] {dptl} in drys

[10:09] {Threei}  tighter risk control

[10:09] {dptl} .95?

[10:10] {Threei}  no

[10:10] {Threei}  [10:09] {Threei} under .95

[10:10] {ese} ya vad HIG is going opposite financials right now

[10:10] {dptl} lol i see it 

[10:10] {nemo} probably .91

[10:11] {Threei}  not even in tune with its closest relatives ese... MET and PRU

[10:12] {magoo} l mgm 11

[10:12] {magoo} .79 stop

[10:13] {ese} ya looked at met but not pru

[10:13] {dino} mant stopped .80-.35 done w/it

[10:13] {Threei}  RIMM

[10:14] {Threei}  not sure about break but of pulls back to .90 or just under, wortth a try

[10:14] {Threei}  DRYS hit 1:1 for scalpers

[10:14] {magoo} out .10

[10:15] {magoo} scalpin

[10:15] {chinggis} out mgm .10, ty magoo

[10:15] {Threei}  break looks better on RIMM now too

[10:15] {Threei}  stop under .90

[10:15] {magoo} welcome

[10:15] {magoo} in rimm

[10:15] {dptl} 75?

[10:15] {nemo} what was the break, $75?

[10:16] {Threei}  come on guys.... was there any other break? :)

[10:16] {nemo} .07?

[10:16] {ese} L INTC .25

[10:17] {dino} wow glad hard stopped mant

[10:17] {dino} mgln l sm .75

[10:19] {Threei}  I like how RIMM is holding... if works, will try to partial

[10:19] {Threei}  with market help will be worth more than scalp

[10:19] {Threei}  half out RIMM

[10:19] {Threei}  +.18

[10:20] {Threei}  stop to .95

[10:20] {ese} L FITB .79

[10:20] {nemo} what's a day for ese w/out fitb

[10:20] {Threei}  lol... RIMM has fever?

[10:21] {Threei}  -.08 on second half

[10:21] {nemo} swine flu

[10:21] {Threei}  scalpers win

[10:21] {ese} true true

[10:21] {ese} after the news was hoping the market had botomed out a litle

[10:22] {jfjf64} hit  this drys  vad

[10:22] {Threei}  can't jf

[10:22] {Threei}  I had epiphany last night

[10:22] {ese} 1;s are butting up against .95...se'll see

[10:22] {Threei}  I don't hit people or things anymore

[10:22] {ese} q's

[10:23] {ese} we'll

[10:23] {Threei}  CNBVC;S LIESMAN: BANKS WIL BE GIVEN ONE MONTH TO COME UP WITH CAPITAL RAISING PLAN IF DEEMED NECESSAY BY STRESS TESTS

[10:23] {ese} jesus......do i know what a typing keyboard is.....

[10:23] {nemo} take the drumsticks out of your hand

[10:23] {Threei}  I always wanted to get me one of those

[10:23] {ese} crap thing moving against me

[10:23] {Threei}  epiphanies I mean

[10:24] {ese}  ha ha.....good one

[10:24] {Threei}  DRYS is holding interestingly well

[10:25] {Threei}  if doesn't shake out and market reverses soon enough, should be a good one

[10:26] {Threei}  and btw jf... my lawyer is totally on board with epiphany, he didn't like me hitting people and things either

[10:26] {dino} tleo

[10:27] {jfjf64} drys  on  my  mind

[10:27] {dino} gap around 12.55

[10:27] {Threei}  FED'S BERNANKE: MANY BANKS WILL SATISFY CAPITAL NEEDS WITHOUT PUBLIC MONEY - Q&A

[10:27] {Threei}  - Banks can raise capital through private sources or through conversion of preferred shares{X

[10:27] {nemo} drys shakeout

[10:27] {jfjf64} no  worky

[10:28] {nemo} got to type it with a Ukranian accent jf

[10:28] {jfjf64} lol

[10:29] {dino} amsc

[10:30] {Threei}  crap!

[10:31] {Threei}  typed short HIG .60

[10:31] {Threei}  frikin thing was .53 when I finished typing

[10:31] {Threei}  look at it :(

[10:31] {nemo} sure

[10:31] {nemo} how many shares you get?

[10:31] {Threei}  oh... and before anyone asks... that was unemotional "crap"

[10:32] {Threei}  I missed it typing

[10:32] {nemo} then it should have been written "crap"  not "crap!"

[10:32] {Threei}  ok... that was unemotional exlamation mark

[10:32] {nemo} that is an oxymoron

[10:32] {nemo} drys new lows

[10:33] {dino} cmtl stopped -.35

[10:33] {chinggis} Vad ctsh shortable?

[10:33] {Threei}  not here...

[10:34] {Threei}  HIG is coming into bounce zone

[10:34] {chinggis} ok ty 

[10:35] {Threei}  13 break if holding above .90

[10:35] {Threei}  watch this bounce on CTSH chinggis

[10:35] {Threei}  if gives you something around .20-.25, that's much better idea for entry

[10:35] {dino} hlit l .90, stop .77

[10:35] {Threei}  for short I mean

[10:36] {chinggis} ok ty Vad

[10:36] {dino} mgln to flat

[10:37] {dino} mygn good drop

[10:37] {dptl} stopped hig

[10:39] {Threei}  GERN lost its mind?

[10:40] {ese} intc stop is .00     lucky so far 

[10:41] {ese} that would have been nice

[10:41] {nemo} drys taking on water fast

[10:42] {dino} lol

[10:42] {ese} GERN that is

[10:42] {ese} L Fitb avg .60

[10:43] {Threei}  gotta start trying DRYS bounce

[10:43] {Threei}  .31 in

[10:43] {Threei}  stop under .20

[10:44] {nemo} scalp day vad

[10:44] {Threei}  half out

[10:44] {Threei}  stop to under .30

[10:45] {dino} mant continues down11 pts in 2 days

[10:45] {Threei}  offering .55

[10:45] {dino} going to strike at 30 

[10:46] {Threei}  to .39

[10:46] {dino} amsc sm l .15

[10:47] {dino} friggin' busy day

[10:48] {dino} hsic sm l .53

[10:49] {Threei}  out balance

[10:49] {dino} amsc gap fill, should've waited

[10:51] {dino} stopped

[10:52] {nemo} getting capitulation volumes on amsc

[10:52] {nemo} Higher lows on HIG and DRYS?

[10:53] {dino} yes feels like 25.80s

[10:53] {ese} intc stopped.......-.25    ces't la vie to 250 bucks

[10:53] {dino} will tyry one more time

[10:53] {Threei}  pretty much nemo

[10:53] {Threei}  but we need market to get firm footing

[10:53] {nemo} yeah, market's look like they're rying

[10:53] {nemo} trying

[10:54] {nemo} crying

[10:54] {nemo} lying

[10:54] {dino} or break of 26.50

[10:54] {magoo} dying

[10:54] {nemo} yeah dino w/market help

[10:55] {dino} or tartar sauce

[10:55] {nemo} vaseline

[10:55] {Threei}  FED'S BERNANKE: HAS NO INTENTION TO CONDUCT STRESS TESTS UPON SMALLER BANKS

[10:55] {Threei}  ah come on Ben... go all out

[10:55] {dino} ok giiddyup

[10:56] {Threei}  let's conduct stress tests on all personal banking accoutns, checking AND saving

[10:56] {dino} mkt air pocket

[10:56] {Threei}  you'll have to hire 20 million people to conduct those

[10:56] {Threei}  job problem is solved

[10:57] {dino} well vad that is the get america working plan

[10:57] {Threei}  everyone's accountant

[10:57] {dino} :)

[10:57] {nemo} how much will that add to the deficit?

[10:59] {dino} mgln stopped flat

[10:59] {dino} axys gap around 42.60

[11:03] {dino} nemo you in amsc?

[11:04] {nemo} no, but watching it....50 was the right call, wouldn't hang around too long, market not being supportive

[11:04] {dino} hmmm how do i put this, the meek will not inherit the earth

[11:04] {nemo} .50

[11:04] {nemo} no...they get pounded into the pavement

[11:04] {dino} the speculators will

[11:05] {Threei}  president disagrees with you dino

[11:05] {Threei}  speculators is scorge of earth by him

[11:06] {Threei}  WFC

[11:06] {Threei}  wstching for 23 break

[11:06] {dino} he'll be gone in 4 years

[11:07] {Threei}  or 8

[11:07] {nemo} no, because 40% of the electorate won't be paying taxes then

[11:08] {Threei}  no likey WFC anymore

[11:08] {Threei}  BAC on the other hand

[11:08] {Threei}  consolidates nicely for .40 break

[11:08] {nemo} breakouts today...shudder

[11:09] {Threei}  it's not really breakout

[11:09] {nemo} you callin it?

[11:09] {dptl} stop?

[11:09] {Threei}  for scalp, yes

[11:09] {dptl} in

[11:10] {dptl} bac stop under .30?

[11:10] {Threei}  for hardcore scaslpers stop under .35, for just scalpers under .30

[11:10] {chinggis} in

[11:10] {Threei}  for a day trade if you feel market reversal coming, under .25

[11:10] {Threei}  they are all valid

[11:11] {Threei}  just different objectives

[11:11] {dptl} half out .45

[11:13] {chinggis} out .432

[11:13] {Threei}  I am compiling new lists

06[11:13] * magoo slaps laserdave around a bit with a large trout

[11:14] {Threei}  dp is half-hardcore scalper

[11:14] {Threei}  chinggis is hardcore scalper on steroids

[11:14] {dptl} lol

[11:14] {chinggis} :-)

[11:14] {nemo} it's a short day

[11:14] {Threei}  hmm?

[11:15] {Threei}  FAS break of .60 should push BAC

[11:16] {Threei}  1:1 for hard core ones

[11:16] {nemo} out .46

06[11:16] * Threei is adding nemo to the list

[11:16] {ese} L intc .07

[11:16] {nemo} out .46

[11:16] {Threei}  twice?

[11:16] {nemo} what list?

[11:17] {nemo} no, was scrolled back on mirc

[11:17] {Threei}  lol

[11:17] {nemo} twice is twice

[11:17] {nemo} damn drys

[11:18] {dptl} all out bac .45 ty

[11:18] {fernp} out here +.05 BAC ty

06[11:18] * Threei adds fern to the list

[11:18] {jfjf64} ditto   ty

06[11:18] * Threei adds jf to the list

[11:19] {fernp} is an honor to be on that list, lol

[11:19] {magoo} xmas list??

[11:19] {fernp} maybe

[11:21] {Threei}  I am not sure what the purpose of the list is, but socialism is count and control (V. Lenin)... and since qwe are moving into one, I am preparing

[11:22] {dino} isle

[11:22] {dino} amsc stop to .20 tiring me out

[11:22] {Threei}  FAS never broke .60 but BAC is holding not too bad

[11:22] {dino} to .24

[11:23] {dino} out slip .15 ughhhhh

[11:23] {dino} +.65

[11:24] {dino} hlit to .99

[11:25] {dino} out hlit .01+.11

[11:26] {Threei}  LVS... can you believe this?

[11:26] {magoo} MGM and LVS are certifiable

[11:26] {dino} tleo .10 sm l

[11:29] {nemo} LVS might make a nice short if this DTs or short of a DT

[11:30] {Threei}  BAC 1:1 for just scalpers

[11:30] {Threei}  anyone to the list?

[11:31] {jfjf64} ya ya

[11:31] {pita} out @ .46 :(

[11:31] {magoo} long WFC .89

[11:31] {magoo} gonna rip imo

[11:31] {magoo} RISKY as  calling vad "pretty boy"

[11:32] {Threei}  eeck

[11:32] {dino} glbc l .50

[11:34] {Threei}  BAC 1:1 for day traders

[11:34] {Threei}  whoever you are, you are satisfied

[11:34] {magoo} nice bacon vad, er, um BAC

[11:34] {Threei}  your WFC too

[11:36] {magoo} so polite:)

[11:36] {Threei}  don't worry... epiphany effect will wear soon enough

[11:36] {magoo} i know..let me enjoy brief moment lol

[11:36] {Threei}  lol

[11:37] {magoo} ok..done..slap away

[11:37] {Threei}  (US) FED CHAIRMAN BERNANKE: DOES NOT BELIEVE UNEMPLOYMENT WILL HIT 10%, MAY REACH INTO THE 9% RANGE

[11:37] {Threei}  - Sees unemployment rising into 2010, peaking in early 2010

[11:37] {pita} nice call mags

[11:37] {magoo} WFC anyone with mags?

[11:37] {jfjf64} y

[11:37] {magoo} ok..protect profit

[11:38] {pita} couldn't get .89

[11:38] {magoo} but its got more

[11:38] {magoo} .92 was there all day

[11:38] {magoo} GET out here

[11:38] {pita} nice call BAC too

[11:38] {magoo} out .31

[11:39] {magoo} plus .79??

[11:39] {jfjf64} out  .30

[11:39] {Threei}  ty mags, good bye, see you tomorrow

[11:39] {jfjf64} ty

[11:39] {magoo} u take boss?

[11:39] {magoo} welcome and good footwork JF

[11:39] {Threei}  no... but I took this as an order:

[11:39] {Threei}  {magoo} GET outta here

[11:40] {nemo} no... {magoo} GET out here

[11:40] {magoo} good out call eh?

[11:40] {magoo} .32 top

[11:40] {nemo} you do out calls mags?  

[11:40] {jfjf64} i got nervous GET GET  ty  mags

[11:40] {dptl} lol

[11:40] {magoo} huh?

[11:41] {jfjf64} nemo   ty

[11:41] {Threei}  BAC, I gfuess that would be out second half for day traders

[11:41] {Threei}  1;2

[11:41] {Threei}  or using magooish, GET out here

[11:42] {jfjf64} y

[11:42] {magoo} direct to point right vad?

[11:42] {dino} tleo stop to .34

[11:43] {magoo} can u see me at seminar..smashing things in lesson screaming GET OUT NOWWWWWW

[11:43] {Threei}  especially considering that you have to type with toes on just one foot...

[11:43] {nemo} magoo and his peg leg

[11:43] {jfjf64} it  worked

[11:43] {magoo} jf..did it help u exit?

[11:44] {jfjf64} yes

[11:44] {magoo} :)

[11:44] {Threei}  btw, r words of theory, just so we are clear on definitions

[11:44] {Threei}  everyone's clear on why that entry was not really a breakout?

[11:44] {nemo} no

[11:45] {Threei}  breakout in it's normal form is a break of day high

[11:45] {Threei}  somewhat muted form would be

[11:45] {Threei}  a break of some range inside of daily, but the range would have to be solidly establisahed

[11:45] {nemo} missed lvs short

[11:46] {Threei}  that entry was simply a bottom fishing, break of mini-range after bottoming out and consolidation

[11:46] {nemo} so a bfbmr

[11:47] {pita} Vad, you mean on BAC?

[11:47] {dino} more like fubar

[11:47] {magoo} everyone understand when i call bacon..i mean BAC?

[11:47] {nemo} dart throw

[11:48] {nemo} so we're SNAFU dino?

[11:48] {dino} when i say rinsed, means coffee spilled on shirt

[11:48] {dino} no idea

[11:48] {Threei}  yes pita

[11:48] {dino} tleo hibernation mode

[11:49] {nemo} Situation Normal All F..... U..

[11:49] {Threei}  since we often state something like

[11:49] {Threei}  good or not day for breakouts, or time of the day for breakouts

[11:49] {dino} vad, need a favor, kick holx up

[11:49] {Threei}  I thought it was necessary to make the distinction

[11:49] {Threei}  but dino... epiphany...

[11:49] {Threei}  no kicky no fighty

[11:50] {dino} hmmmm

[11:52] {magoo} i cant help ya dino..

[11:52] {magoo} foot hurts already

[11:52] {dino} lol

[11:53] {nemo} LVS Vad

[11:54] {dino} amsc drop

[11:55] {Threei}  LVS if anything is a short on 11 breakdown

[11:55] {nemo} yeah, my thought also

[11:56] {nemo} scary...do you feel damaged Vad?

[11:56] {dptl} stop  would be like .20c lvs

[11:57] {nemo} LVS starting to look more like a bottom with market turning up

[11:59] {magoo} sh bac .80

[11:59] {dino} tleo to .40

[12:00] {magoo} stop .899

[12:00] {dino} stopped slipped .38, +.28

[12:01] {magoo} careful..not luvin it

[12:01] {nemo} in lvs short

[12:02] {pita} with you memo

[12:03] {dino} amsc

[12:06] {chinggis} s bac .85

[12:07] {magoo} i dont like it..OUT

[12:07] {magoo} [12:01] {magoo} careful..not luvin it

[12:07] {magoo} [12:01] {nemo} 

[12:08] {Threei}  sudden market spike

[12:08] {dptl} cenx? .30?

[12:08] {magoo} WFC going

[12:09] {Threei}  I wouldn't dp

[12:09] {Threei}  looks very iffy

[12:09] {dptl} ok

[12:09] {Threei}  (US) REPORTEDLY PRESIDENT OBAMA AND CONGRESS HAVE AGREED ON A COMPROMISE FOR A "CASH FOR CLUNKERS" BILL

[12:09] {magoo} long spy here .36

[12:09] {nemo} stopped

[12:09] {Threei}  I have no clunkers :(

[12:11] {chinggis} out bac

[12:11] {magoo} sorry ching on that 1

[12:11] {chinggis} np i was wrong

[12:13] {Threei}  WFC

[12:13] {Threei}  break of .50 is tempting

[12:14] {Threei}  I wish it happened in more active time of the day

[12:15] {dptl} so? you gettin in?

[12:17] {Threei}  out rather

[12:17] {dptl} :)

[12:17] {Threei}  this is discretionary kind of things

[12:17] {Threei}  I show you the idea of the play and concerns,

[12:17] {Threei}  you decide if you like it or not

[12:19] {dino} wynn crazy

[12:23] {dino} holx stop to .21

[12:23] {magoo} lets get out SPY flat

[12:23] {magoo} not developing

[12:24] {Threei}  who knew BAC had whole 60 cents in it from that entry

[12:24] {magoo} i did i did

[12:24] {Threei}  of course you did

[12:24] {chinggis} this pullback buyable Vad?

[12:24] {jfjf64} me too

[12:24] {Threei}  on BAC?

[12:25] {chinggis} yes

[12:25] {Threei}  not here

[12:25] {chinggis} ok ty

[12:26] {dino} holx to .27

[12:36] {dino} holx to .35

[12:37] {dino} to .40

[12:38] {ese} Hi all...back from teaching a class

[12:38] {dino} to .49

[12:39] {ese} Out Fitb .75 +.15 

[12:39] {dino} to .55

[12:39] {nemo} All's right with the world.  Ese makes money on FITB

[12:40] {dino} to .59

[12:40] {ese} interpret this as Elvis wouod say it "Thank you....Thank You...Thank you very much"

[12:40] {dino} out +.59

[12:40] {dino}  all dayer

[12:42] {dino} mnkd

[12:42] {nemo} good timing on holx

[12:43] {dino} just laughing about that

[12:43] {nemo} lucky AGAIN I guess :)

[12:43] {dino} still feels like one more whoosh on amsc

[12:43] {dino} indeed on the luck

[12:44] {dino} but see i trailed the stop tight, so stop was skill

[12:44] {nemo} Absolutely

[12:44] {dino} in any case, gut says down 200 today

[12:45] {nemo} think that might be a stretch...anyway, when I call you lucky it's that, lucky, yeah right...:)

[12:45] {dino} must be all that "clean" living

[12:46] {nemo} define "clean"?

[12:47] {dino} you know, booze, women, late nights, etc

[12:48] {nemo} works for me

[12:52] {dino} glbc stop to .62

[12:54] {Threei}  DNDN, what's up again

[12:54] {dino} vsec

[12:56] {dino} thinny

[12:59] {dino} sm l amsc .04

[12:59] {dino} glbc stopped .61, +.11

[12:59] {Threei}  LVS starts looking like preparing surprise rally

[13:01] {dino} holx giving it all back

[13:02] {vinod} I wants market to go down today?

[13:03] {vinod} good afternoon

[13:03] {Threei}  so far it's holding more or less

[13:04] {dino} cldx

[13:04] {vinod} have SMN/SRS/FAS brought pre marker and doing o.k

[13:05] {jfjf64} wfc  .50  again??

[13:05] {chinggis} out LVS .+14, ty Vad

[13:05] {Threei}  no

[13:05] {Threei}  welcome chinggis

[13:06] {Threei}  it spiked into .50 jf

[13:06] {Threei}  no consolidation, like last time around

[13:06] {jfjf64} ty

[13:06] {Threei}  if you wanted this type of minibreak, .40 was it

[13:06] {Threei}  see that little consolidation?

[13:08] {Threei}  now it spends a little time between .40 and .50, new break will become valid

[13:10] {Threei}  LVS is chewing through

[13:10] {dptl} so .50 break valid now?wfc

[13:11] {nemo} in

[13:11] {dptl} in .51 wfc

[13:12] {dptl} stop .40 or can be .44?

[13:12] {Threei}  I am sure you know the answer

[13:12] {nemo} stopped lvs

[13:12] {Threei}  DNDN

[13:12] {dptl} double checking my self

[13:12] {Threei}  MOVES TO SESSION HIGHS ON UNCONFIRMED SPECULATION CIRCULATING ABOUT FDA GRANTING FAST TRACK STATUS TO PROVENGE

[13:13] {Threei}  LVS? where were you in?

[13:14] {nemo} .51 but it was stupid after that extended run even though it chewed through...everything off today

[13:14] {Threei}  wow... .50 was at the end of the spike

[13:14] {Threei}  we just discussed why we don't enter those

[13:15] {dino} eqix

[13:16] {dptl} stopped wfc

[13:17] {dptl} -.11

[13:19] {dino} holx back to entry

[13:20] {pita} later all

[13:21] {Threei}  take care pita

[13:21] {chinggis} UAUA?

[13:22] {Threei}  right chart, wrong time

[13:22] {chinggis} ok ty

[13:24] {ese} thats a Dr John tune vad ...."Right Place, Wrong Time"

[13:24] {dino} sm wide l vsec .11

[13:25] {Threei}  I don't even know who he is ese :)

[13:26] {dino} i don't know who ese is

[13:27] {Threei}  lol

[13:28] {dptl} drys short?

[13:29] {Threei}  hmmm

[13:29] {Threei}  worth a try I think

[13:29] {dptl} to late

[13:29] {Threei}  don't chase, let it bounce

[13:30] {dino} lod's coming

[13:33] {dptl} drys left without me :(

[13:33] {ese} well.....let me tell you......It all started in a run down shack in Southern Saskatchewan.....blah blah blah blah

[13:34] {nemo} don't tell me, you were born a poor black child

[13:34] {dino} yadda yadda yadda

[13:34] {Threei}  it gave .48-.49 dp

[13:34] {Threei}  on the bounce

[13:34] {Threei}  that would be your entry on breakdown anyway

[13:34] {dptl} was waiting .49 and no luck

[13:34] {Threei}  why not take it?

[13:35] {Threei}  gosh... 12 cents... you are really stingy

[13:35] {Threei}  1 cents

[13:35] {ese} picture me in that Steve Martin Moview "the Jerk"

[13:35] {Threei}  what are you, scalping for 3 of those that 1 matters so much?

[13:35] {nemo} wfc short?

[13:35] {ese} clapping on 1 & 3 instead of 2 & 4

[13:36] {Threei}  WFC, no

[13:36] {Threei}  why would you want to sort here?

[13:37] {nemo} if it broke support

[13:38] {Threei}  it dropped almost vertically into support

[13:38] {Threei}  come on

[13:38] {Threei}  what are we going to discuss this distinction every time it occurs?

[13:38] {nemo} no

[13:38] {Threei}  there is consolidation near support an dresistance, then we are interested in a break

[13:39] {Threei}  there is a vertical move into support or resistance, then we don't go for a break

[13:41] {Threei}  DRYS is not a play on this bounce anymore

[13:42] {Threei}  that short has been played out

[13:42] {jfjf64} you good   vad

[13:42] {ese} am outta here for the day.....take care ehhhh...your basic canadian goodbye

[13:43] {Threei}  take care ese

[13:43] {jfjf64} nice day  ese

[13:44] {Threei}  this is where you may start looking for WFC short

[13:44] {Threei}  nemo

[13:45] {magoo} LVS highs

[13:45] {Threei}  LVS is insane

[13:46] {Threei}  it will go to 12 and 13 today, killing both shorts and longs in the process

[13:46] {Threei}  14 won't surprise me either

[13:46] {Threei}  ditto for 9

[13:50] {Threei}  REPORTEDLY THE SEC HAS FILED FRAUD CHARGES AGAINST THE OPERATORS OF THE RESERVE PRIMARY FUND, A MONEY MARKET MUTUAL FUND

[13:56] {Threei}  MGM is still going, LVS is not following anymore

[13:57] {Threei}  starts looking like short if MGM reverses

[14:01] {Threei} Short Setup: LVS  .65 if stays below .75

[14:02] {dptl} in

[14:02] {nemo} in

[14:02] {magoo} in

[14:03] {fernp} in

[14:03] {Threei}  don't pile up all at once...

[14:03] {nemo} yeah wee need more selling pressure

[14:03] {Threei}  1:1

[14:03] {fernp} out

[14:03] {dptl} half out

[14:03] {fernp} Thank you

[14:04] {Threei}  welcome, and welcome to the list of pesky scalpers

[14:04] {fernp} lol

[14:04] {magoo} out .46 TY BOSSASAURAS

[14:04] {Threei}  sheesh... lol

[14:05] {Threei}  WSJ: CEO DIMON NOTES THAT THE ECONOMY MAY BE AT THE BOTTOM

[14:05] {Threei}  profound

[14:06] {dptl} nah..all out now ty

[14:07] {Threei}  hmmm

[14:07] {Threei}  I knew all the problems were somewhere in the area of basic definitions and reading comprehension 101

[14:08] {Threei}  look at this

[14:08] {Threei}  Just 35% of American voters believe that a free market economy is the same as a capitalist economy.

[14:08] {Threei}  The latest Rasmussen Reports national telephone survey found that 38% disagree and 27% are not sure.

[14:08] {Threei}  This helps explain earlier data showing that 77% prefer a free market economy over a government managed economy while just 53% prefer capitalism over socialism.

[14:10] {magoo} long SPY here

[14:10] {dino} nemo, you in amsc?

[14:10] {magoo} .24

[14:11] {Threei} Long Setup:  WFC  .40 if stays above .30

[14:12] {nemo} not moving with fas

[14:12] {Threei}  needs to break resistance

[14:12] {dptl} in

[14:12] {magoo} hold hold

[14:13] {dptl} jeez .42

[14:13] {nemo} missed

[14:14] {dino} panl

[14:15] {dptl} go go go

[14:15] {Threei}  so far so good, holding well... need FAS to spike to .80 now

[14:16] {dino} amsc to .51

[14:16] {Threei}  WHITE HOUSE: LIKELY THAT "SEVERAL HUNDRED THOUSAND" JOBS WERE LOST LAST MONTH

[14:16] {Threei}  yeah, who is counting anymore

[14:16] {Threei}  we "saved" a lot of those with stimulus, right?

[14:17] {Threei}  good boy WFC... move your butt

[14:17] {dino} to .65

[14:17] {Threei}  like one-legged snail in molassess

[14:20] {dino} to .69

[14:21] {dino} out amsc .70, +.66 where was nemooooooo

[14:22] {dino} vsec hooker

[14:24] {Threei}  sudden selling hit the market

[14:24] {Threei}  doesn't look normal, some news

[14:24] {dino} shocking

[14:24] {vinod} when there’s a waterfall dead ahead

[14:24] {Threei}  or someone opened another big mouse

[14:25] {dptl} stopped -.13

[14:26] {Threei}  what the deuce

[14:26] {jfjf64} deuce are wildd

[14:26] {Threei}  I don't see any news

[14:27] {dino} stewie

[14:27] {jfjf64} good 4 bouncs

[14:28] {dino} f'ing vsec was waiting at .35 hits .24 and drops

[14:29] {Threei}  JPM CEO: EXPECTING SOME BANKS TO RELEASE INFORMATION ON STRESS TESTS ON FRIDAY

[14:29] {Threei}  huh?

[14:29] {dino} ahhh my old friend amsc comes back down

[14:32] {Threei}  I don't think we are bounce-ready

[14:32] {Threei}  one more selloff is in cards

[14:33] {Threei}  or, speaking in stimulus language... road up is not shovel-ready

[14:34] {Threei}  ASTM

[14:34] {Threei}  INITIAL DATA FROM AASTROM''S IMPACT-DCM TRIAL PRESENTED AT INTERNATIONAL SOCIETY FOR CELLULAR THERAPY ANNUAL MEETING

[14:34] {Threei}  gosh, it's still not delisted?

[14:36] {dino} panl sm l .15

[14:37] {dino} out vsec .75, +.64

[14:39] {larisa} see, not a hooker :)

[14:39] {Threei}  ummm

[14:39] {Threei}  what did I miss?? :)

[14:39] {dino} lol larisa

[14:40] {larisa} 14:22 post :)

[14:40] {Threei}  ahh... LOL

[14:40] {Threei}  just wanted to complain about not being involved into most interesting conversations

[14:40] {dino} had a 50 cent spread

06[14:41] * larisa slaps dino around a bit with a large trout

[14:41] {dino} classic dino play

[14:41] {Threei}  gods, give me power to shut up

[14:41] {chinggis} LVS shortable @.42?

[14:41] {Threei}  and let this one go

[14:41] {dino} :)

[14:42] {Threei}  not sure chinggis... kind of 50/50

[14:42] {Threei}  discretionary one

[14:42] {Threei}  if you are OK with coin toss and size of stop, why not

[14:42] {chinggis} ok ty Vad

[14:47] {dino} mygn pulling back

[14:55] {dino} kahn you want me to flip the ceasars coin for you?

[14:57] {Threei}  if you took the short, feel free to cover

[14:57] {chinggis} no thanks, i did not trade it

[14:57] {Threei}  LVS is full of surprises

[14:59] {dino} alrighty then

[15:00] {jfjf64} looks lk  long  way  to  drop

[15:00] {chinggis} more will come in the future :-)

[15:00] {nemo} You making a call Ace?

[15:00] {jfjf64} lol

[15:01] {dino} :)

[15:01] {jfjf64} what  do  i know

[15:01] {nemo} Fire Marshall Bill?

[15:02] {dino} vsec gappy drop

[15:04] {larisa} BRCM 

[15:04] {larisa} sorry, wrong scr

[15:07] {dino} mgln

[15:07] {dino} l .75

[15:07] {Threei}  GERN...

[15:09] {dptl} have a good evening all

[15:09] {larisa} bye dp

[15:09] {magoo} c u dp

[15:09] {Threei}  take care dp

[15:10] {dino} cya dp

[15:13] {dino} mgln stop to b/e

[15:13] {dino} mkt drop

[15:13] {dino} stopped

[15:20] {dino} cryp

[15:21] {Threei}  something's brewing again with online casinos, dino

[15:22] {dino} everybody's broke, but what the heck

[15:23] {dino} altho i think you are right, last week senate was talking about allowing it w/taxes

[15:25] {dino} so once they ban daytrades, we will go to online poker

[15:28] {Threei}  lol

[15:29] {jfjf64} lvs?

[15:31] {Threei}  feels to me like staging another upward thrust but honestly, that's pure gambling

[15:31] {Threei}  no pun intended

[15:33] {dino} hsic sm l .35

[15:35] {dino} stop is .24

[15:35] {jfjf64} wfc  consilateding .50   again    fas  hittin  .80

[15:36] {jfjf64} ??

[15:36] {dino} pega

[15:36] {dino} +7

[15:39] {dino} 3:40 approaches

[15:39] {dino} panl stop to b/e

[15:39] {Threei}  doesn't look attractive to me jf

[15:39] {Threei}  at all

[15:40] {jfjf64} for  min did     lol

[15:40] {dino} dropping

[15:40] {dino} panl to .19

[15:41] {dino} vsec back to original

[15:44] {dino} panl to .28

[15:44] {dino} out +.13

[15:44] {dino} .12 ave.

[15:46] {Threei}  I don't see any fireworks into day end

[15:46] {Threei}  15 points NQ range whole day

[15:48] {nemo} minor consolidation day.  Would think it bodes well for continuation

[15:48] {dino} hsic to b/e

[15:49] {dino} lots of capits today for me, "good times" brett michaels

[15:50] {larisa} nice :)

[15:50] {dino} ty

[15:50] {dino} nemo help me out too, on amsc

[15:52] {nemo} I'm done good nite

[15:53] {larisa} bye

[15:53] {dino} out hsic .34 -.01

[15:54] {dino} thats a day, thanks all, best one in 3 weeks

[15:56] {Threei}  wtg dino

[15:56] {Threei}  nothing outstanding here

[15:56] {jfjf64} good  night all

[15:56] {Threei}  as usual, our styles rarely meet each other

[15:56] {Threei}  me is trend... you are countertend

[15:57] {Threei}  take care jf

[15:57] {Threei}  okay guys, thank you all

[15:57] {Threei}  have a good evening

[15:57] {Threei}  see you tomorrow

[15:57] {larisa} bye all

[15:57] {dino} as you taught me 3i, a million ways to make $, just find your edge

[15:57] {chinggis}  gn all

[15:57] {Threei}  if you find mine, tell me where it is

[15:57] {dino} would have gone broke years ago w/o your common sense

[15:58] {larisa} how many ways to lose $$ ? :)

[15:58] {Threei}  I tend to forget lately

[15:58] {Threei}  lol larisa

[15:58] {Threei}  just one

[15:58] {larisa} :)

[15:58] {Threei}  trade what you think instead of what you see

[15:59] {larisa} when LVS reports, right after ?

[15:59] {Threei}  interesting FAS drop into close

[15:59] {Threei}  well, after

[15:59] {Threei}  don't know right away or later

[15:59] {larisa} ok :)

[15:59] {Threei}  let's way for it?

[15:59] {Threei}  wait

[16:00] {larisa} if it 5 min, lets

[16:00] {Threei}  okay, I'll stay here

[16:00] {larisa} ty

[16:00] {Threei}  and stare at news headlines scrollinf

[16:00] {Threei}  per your request

[16:00] {Threei}  until my eyes go red

[16:00] {Threei}  which will be your fault

[16:01] {Threei}  feeling guilty yet?

[16:01] {larisa} not really

[16:01] {Threei}  didn't think so

[16:01] {Threei}  but I had to try

[16:02] {larisa} spikinh hard

[16:02] {Threei}  REPORTS Q1 $0.01 V -$0.02E, R$1.08B V $1.06BE

[16:02] {Threei}  dropping even harder

[16:03] {larisa} ok, see you later, thanks vad :) 

[16:03] {Threei}  wow

[16:03] {Threei}  look at that dump

[16:03] {Threei}  welcome, see you tomorrow

[16:04] {larisa} all over the place

[16:05] {Threei}  no kidding

May 04 2009

Nicely profitable day. Just 3 trades, but all 3 are profitable and all are bigger than scalps. RIMM long, GLD and EXPD shorts, with two trades reaching 50 cents profit.

Session Time: Mon May 04 00:00:00 2009

[07:54] {nemo} morning

[08:03] {Threei}  Good morning

[08:04] {Threei}  ACAD

[08:04] {Threei}  07:30am [ACAD] Enters into Collaboration and License Agreement with Biovail for Pimavanserin; Gets $30M upfront payment, 15%+ royalty and earnouts

[08:04] {Threei}  07:16am [DRYS] Price Target raised to $12 from $10 at Jefferies, maintains Buy rating

[08:04] {magoo} mornig

[08:05] {Threei}  mags :)

[08:05] {magoo} hi vad

[08:05] {Threei}  how's ankle?

[08:06] {magoo} actually, i habvve another doc apptmt today at 2:45, but feels alot better..ty for asking

[08:06] {Threei}  :)

[08:07] {magoo} any news RIMM..gapping

[08:07] {Threei}  don't make much out of it though, sometimes I simply pretend I care

[08:07] {magoo} disclaimer lol?

[08:07] {Threei}  yes :)

[08:07] {Threei}  05/04/09 00:22am

[08:07] {Threei}  [RIMM] Research in Motion Ltd Added to "Conviction Buy" list at Goldman Sachs, price target $85; 6-month Target Price and FY2010-12 EPS Raised

[08:07] {Threei}  - FY10 EPS target raised from $4.01 to $4.17 ($4.60e)

[08:07] {Threei}  - FY11 EPS target raised from $4.93 to $5.10

[08:07] {Threei}  - FY12 EPS target raised from $6.02 to $6.03

[08:07] {Threei}  - Six-month price target: $85.00 v $82.00 prior (last: $72.30), determined by 18x target for PE (In contrast, cites Apple's 22x, Nokia's 16x, and QCOM's 25x target multiples)

[08:09] {magoo} ty

[08:12] {magoo} any news goog or bidu?

[08:14] {Threei}  no

[08:14] {magoo} how about apol and esi?{dino plays today}

[08:16] {Threei}  no

[08:16] {magoo} thanx 

[08:17] {Threei}  DRYS Fri high is 8.79

[08:18] {Threei}  (US) WHITE HOUSE AIDE: ADMINISTRATION PLANNING PROPOSED CHANGES TO TAX TREATMENT OF US FIRMS THAT OPERATE OVERSEAS

[08:18] {Threei}  - Reminder: Back on April 22, the WSJ discussed the impact of the Obama administration's proposals to tax offshore profits, noting that it might have a sizable impact on the likes of Pfizer, Cisco, Coca-Cola and Hewlett-Packard, which shelter tens of billions in income offshore annually.

[08:18] {Threei}  - Also noted that under current law, US companies can defer taxes indefinitely on the profits they say they have earned overseas until they "repatriate" that money back to the US. The administration has proposed changing this law, and has already baked in the new tax receipts into its budget figures for 2011.

[08:19] {Threei}  - The WSJ article examined securities filings of more than two dozen big companies to see who has the most at stake. Just 10 of the largest companies accumulated nearly $58B in such earnings during 2008, representing about $20B in potential tax revenue. Total US corporate tax receipts last year were around $304B

[08:21] {magoo} is there a set time for streess test results to be released today?

[08:21] {Threei}  today?

[08:21] {Threei}  they pushed it up to may 7

[08:22] {Threei}  and will probably talk it to death inbetween

[08:22] {Threei}  all kinds of rumors are flying around meanwhile

[08:22] {Threei}  about how many banks will need to raise capital,

[08:23] {Threei}  and banks objecting to test findings

[08:23] {Threei}  what a mess

[08:23] {magoo} oh..didnt know date changed

[08:24] {Threei}  yeah, last week announcement

[08:25] {magoo} DNDN CEO sell some stock friday as well as others in mangt

[08:26] {Threei}  why wouldn't they

[08:26] {Threei}  if I weere them, I would be already totally out of it, and waiting for it to return to earth

[08:27] {nemo} hello

[08:28] {Threei}  nemo :)_

[08:34] {nemo} any news RIMM?

[08:34] {Threei}  [08:07] {Threei} [RIMM] Research in Motion Ltd Added to "Conviction Buy" list at Goldman Sachs, price target $85; 6-month Target Price and FY2010-12 EPS Raised

[08:34] {Threei}  [08:07] {Threei} - FY10 EPS target raised from $4.01 to $4.17 ($4.60e)

[08:34] {Threei}  [08:07] {Threei} - FY11 EPS target raised from $4.93 to $5.10

[08:34] {Threei}  [08:07] {Threei} - FY12 EPS target raised from $6.02 to $6.03

[08:34] {Threei}  [08:07] {Threei} - Six-month price target: $85.00 v $82.00 prior (last: $72.30), determined by 18x target for PE (In contrast, cites Apple's 22x, Nokia's 16x, and QCOM's 25x target multiples)

[08:35] {Threei}  WARREN BUFFET: EXPRESSES OPTIMISTIC ON US LONG TERM OUTLOOK

[08:37] {Threei}  BUT UNSURE OF SHORT TERM OUTLOOK - CNBC

[08:37] {Threei}  - Economy will be fine in 5 years, but unsure of outlook in 3 months or up to 2 years

[08:37] {Threei}  - Residential real estate improving in some key areas

[08:37] {Threei}  - Does not know outcome fo stress tests

[08:44] {Threei}  was fairly tempted to call DRYS and SQNM over weekend holds... both would have worked beautifully

[08:44] {Threei}  these stress tests keep me hesitant

[08:45] {Threei}  keep an eye on ACAD

[08:52] {Threei}  REPORTEDLY FIAT HAS OFFERED 1B FOR OPEL OPERATIONS

[08:52] {Threei}  - Plan would involve the closing several manufactoring site

[08:52] {Threei}  - No new date has been set for second meeting between parties

[08:52] {Threei}  - Reminder: CEO of Fiat, OPEL and German officials have been meeting to discuss Fiat's offer/plan{EWG F.IT}

[08:53] {pita} greetings all

[08:53] {Threei}  pita :)

[08:54] {Threei}  BAC

[08:54] {Threei}  NOT WORKING ON PLANS TO RAISE $10B IN EQUITY

[08:54] {Threei}  hmmm

[08:54] {Threei}  whta kind of annoucement is that

[08:55] {dptl} good morning all

[08:55] {Threei}  dp :)

[08:55] {Threei}  can mean just about anything

[08:55] {Threei}  like:

[08:55] {Threei}  but working on plans tro raise 11 B

[08:55] {Threei}  or

[08:55] {Threei}  not working on those plans, they are ready to go

[08:56] {Threei}  there you go, second lne appeared:

[08:56] {Threei}  HAS NOT BEEN GIVEN FINAL NUMBER BY FEDERAL RESERVE

[08:56] {Threei}  lol

[08:56] {cosmo} maybe its just too stressfull

[08:56] {Threei}  I'd guess so

[08:56] {Threei}  sqnm

[08:57] {Threei}  DRYS near break level

[08:57] {Threei}  just hate buying breaks on this onwe

[08:57] {cosmo} CENX

[08:58] {cosmo} needs to fill January gap

[09:03] {fernp} Hello everybody

[09:04] {Threei}  fern :)

[09:04] {Threei}  GM

[09:04] {Threei}  CONFIRMS TO PROCEED WITH SALE OF SATURN

[09:04] {Threei}  - Number of potential buyers have surfaced and expressed interest in the Saturn brand and retailer network.

[09:04] {Threei}  - GM will be reviewing expressions of interest from the potential buyers and will look to secure an agreement with a specific buyer later this year

[09:05] {Threei}  CSIQ

[09:05] {Threei}  ANNOUNCES 5MW CONTRACT

[09:07] {Threei}  nice reaction CSIQ

[09:07] {Threei}  - Announced that it has signed a new sales agreement with Topinfrasolar, a Korean systems integrator, which will expand the relationship and supply agreement by an additional 5 MW.

[09:07] {Threei}  - The contracted deliveries may include both regular and e-Modules and stipulates deliveries for Korean installations in 2009.

[09:07] {Threei}  - Canadian Solar and Topinfrasolar have had a successful business relationship since the beginning of 2009 that has already resulted in the successful delivery to five projects of approximately 3 MW in total.

[09:10] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {dino} 5 down mondays, does it continue?

[09:16] {Threei}  RIMM CEO: STILL SEES LARGE UNTAPPED MARKETS

[09:16] {Threei}  no kidding, I haven't seen any single penguin with blackberry

[09:16] {ese} good morning

[09:16] {Threei}  ese :)

[09:17] {ese} morning vad...patience.....did either of you see the article about me in Boulivard Magazine here yestereday?

[09:18] {Threei}  yes ese :)

[09:19] {Threei}  thought Hey!! I know this face!

[09:19] {ese} what did you think?

[09:19] {jfjf64} mornin

[09:19] {ese} jf

[09:19] {Threei}  being a male species, I don't think anything looking at other male photos...

[09:20] {Threei}  jf :)

[09:20] {ese} ha ha ....ha ha.......

[09:20] {patience} good morning all, and no ese, i haven't seen it yet...are you in it?

[09:21] {ese} yes....article from page 26 to P.30

[09:21] {patience} i will pick one up today

[09:21] {patience} so cool ese

[09:22] {ese} whatever you do though....don't tell magoo that i dragged his character though the mud.......

[09:23] {nemo} back internet problems

[09:23] {ese} and nemo right along with......

[09:24] {nemo} what ese?

[09:24] {ese} had an article done on me in one of our major magazines here

[09:25] {ese} Boulivard Magazine........

[09:26] {nemo} in anything?

[09:26] {ese} Music.....and the program i run at my high school

[09:26] {Threei}  on watch: DRYS, SQNM, ACAD

[09:27] {ese} someone take a look at the daily chart of FITB and tell me if they see a major Bull flag forming there

[09:27] {ese} last 17 days

[09:27] {chinggis} gm all

[09:27] {Threei}  chinggis :)

[09:27] {ese} cha ching

[09:28] {Threei}  ese, chart wise rather yes, but being in financial sector it's subjected to all this hoopla with stess tests

[09:28] {nemo} Tck up almost another buck wtf quintupled since march

[09:28] {Threei}  which can intorduce a lot of surpises and volatility

[09:28] {ese} ya thats coming out thursday right

[09:35] {Threei}  RIMM, watching for long entry on sharp selling,

[09:35] {Threei}  under .40

[09:35] {Threei}  don't be in rush to enter

[09:35] {nemo} Young bull old bull

[09:36] {ese} Looking for FITB to pull back to .02 premarket high 

[09:37] {ese} L Fitb .97

[09:37] {Threei}  RIMM is not ready yet

[09:38] {Threei}  one more shrp red bar is needed

[09:39] {Threei}  ok, almost there

[09:39] {Threei}  half lot, get ready

[09:39] {Threei}  74 break

[09:40] {Threei}  stop under .85

[09:40] {magoo} in

[09:40] {dptl} in .04

[09:40] {Threei}  1:1

[09:40] {Threei}  and over

[09:40] {magoo} .99

[09:40] {nemo} missed

[09:40] {Threei}  half out or scalp

[09:41] {Threei}  stop to .95 if keeping half

[09:41] {ese} out Fitb .05 

[09:41] {dptl} all out .20 ty

[09:41] {Threei}  try to get .40 - .50 on exit

[09:41] {ese} +.08

[09:41] {Threei}  there

[09:41] {Threei}  me done

[09:42] {magoo} out .34 TY vad.NICE

[09:42] {ese} just looked at yours ...nice one boys

[09:42] {larisa} ty vad, got +.50

[09:42] {jfjf64} ty

[09:42] {Threei}  welcome guys

[09:43] {Threei}  and gals

[09:43] {wulff} how did you know it needed one more red bar?

[09:43] {jfjf64} hmm

[09:44] {magoo} all his experience hanging out in communists taverns

[09:44] {Threei}  lol

[09:44] {wulff} starting to think that

[09:44] {Threei}  most things are technical

[09:44] {Threei}  some are guts

[09:44] {Threei}  this one was guts

[09:45] {wulff} and cash cushion

[09:46] {Threei}  ACAD... grrr

[09:46] {Threei}  I never felt safe enough for entry

[09:46] {Threei}  that opening bar on it made it a bit out of my risk tolerance zone

[09:47] {Threei}  70 cents jump on $2 stock...

[09:47] {Threei}  BUCY

[09:47] {Threei}  let's see if breakout buyers get trapped

[09:48] {Threei}  and enter on sharp pullback if that happens

[09:49] {nemo} pcx , aci an mee in tht space too

[09:50] {dino} sm l mant .49

[09:51] {ese} L fitb again .00

[09:51] {wulff} 1.5 million shares

[09:51] {ese} ummmmmmm no....not this time

[09:52] {nemo} wuss

[09:52] {ese} it is up there though

[09:52] {ese} 10k

[09:52] {nemo} girlieman

[09:52] {ese}  the first one was 15k

[09:52] {ese} by .08

[09:53] {Threei}  so far so good

[09:53] {ese} out FITB .05

[09:53] {Threei}  prepare half lot BUCY

[09:53] {Threei}  idea of the trade:

[09:53] {ese} +.05 on 10k

[09:53] {Threei}  feels like stops are located under .80,

[09:54] {Threei}  if they get triggered, we should get quick downdraft into .50 - .60 zone

[09:54] {ese} that was pretty funny there nemo........I'll get ya though

[09:54] {nemo} What can I say, I'm jealous

[09:55] {ese} This make up for friday 

[09:55] {Threei}  FITB seems to be following FAS quite close today, ese

[09:55] {ese} yes

[09:56] {ese} and qqqq....taking signal from both

[09:56] {nemo} BUCY strting to form a C&H?

[09:57] {nemo} or a ladle?

[09:57] {nemo} :)

[09:57] {Threei}  I don't l;ike the idea of breakout on it

[09:57] {nemo} yeah, but all the coals are moving up

[09:57] {Threei}  if that what happens, I'll rather let it go

[10:00] {Threei}  *MAR PENDING HOMES SALES (M/M): 3.2% V 0.0%E

[10:00] {ese} other thing about FITB ...this bull flag it's forming explains it's trading habit lately.....less volume/less range....after it breaks out of it one way or the other should go back to normal for a few days 

[10:00] {Threei}  *MAR CONSTRUCTION SPENDING (M/M): 0.3% V -1.6%E

[10:00] {Threei}  - prior revised from -0.9% to -1.0%

[10:00] {ese} should be able to take advantage of that

[10:01] {ese} hmmm positive numbers should help today

[10:02] {Threei}  quite a spike

[10:02] {nemo} yep

[10:02] {Threei}  watching ENER

[10:02] {jfjf64} y

[10:02] {Threei}  want to see shallow pullback, then 20 long trigger

[10:02] {dino} apol sm l .10 stop .74

[10:03] {ese} L Fitb .04

[10:05] {ese} all out Fitb .10 

[10:05] {ese}  +.06

[10:05] {ese} cool ...just got in at .04 before it shot up

[10:05] {Threei}  nice one

[10:06] {ese} i'll take that one vad....bit lucky but i'll take it

[10:06] {Threei}  your ATM is firing up on all cilinders

[10:06] {ese} yup so far

[10:06] {nemo} whoa apol

[10:07] {dino} \apol stopped

[10:07] {Threei} Long Setup:  JNPR  .20 break if stays above .15

[10:12] {Threei}  RMBS...

[10:12] {dino} mant stop to .79

[10:12] {dino} out +.30

[10:14] {nemo} watching apol dino?

[10:15] {dptl} cat?

[10:16] {ese} L HBAN .07

[10:16] {nemo} .07 ese?

[10:18] {ese} opps .77

[10:18] {ese} this one burned me on friday......we'll see what happen this time

[10:19] {dino} y nemo

[10:19] {dino} pl

[10:20] {larisa} nice alert CAT dp, hope you took it

[10:21] {dptl} no i didn't

[10:21] {larisa} beautiful base, good eye anyway

[10:21] {dptl} ty

[10:22] {Threei} Short Setup: QLD  .50 break if stays under .55

[10:22] {nemo} chinese stocks exploded

[10:22] {dino} mgl sm l .50

[10:22] {dino} mgln

[10:24] {jfjf64} qld   invalid??

[10:25] {Threei}  yes - unless you reestablishes the range

[10:25] {Threei}  or unless you are willing to keep stop above .60

[10:25] {jfjf64} ty

[10:25] {Threei}  I don't like this entry here

[10:25] {dino} agys

[10:26] {Threei}  would rather wait for it to bounce, show inability to make new high

[10:26] {Threei}  so I could hunt for aggressive entry closer to resistance

[10:27] {dino} nafc

[10:29] {fernp} YHOO pullback, Vad?

[10:30] {Threei}  .16 long with stop under .10?

[10:30] {fernp} y

[10:30] {Threei}  if market resumes upward, sure

[10:30] {dino} mgln stop to .47

[10:31] {Threei}  especially if makes 1-2 more moves between these limits

[10:31] {dino} ugh apol

[10:31] {fernp} ty

[10:31] {Threei}  if sets up, scalp only... I wouldn't expect much from YHOO

[10:32] {fernp} ok 

[10:37] {dino} risky sm apol .60 l

[10:39] {dino} to .90 apol

[10:39] {dino} out +.30

[10:40] {Threei}  FITB gains more relative strength

[10:41] {Threei}  ahead of both FAS and NASDAQ now

[10:41] {dino} mgln to b/e

[10:41] {dino} nafc

[10:41] {ese} just noticed that.....

[10:42] {nemo} now this is important stuff: http://finance.yahoo.com/news/High-court-throws-out-ruling-apf-15118508.html

[10:42] {magoo} laserr says cant SHORT SPY per SEC??

[10:43] {dino} use sds but 2x

[10:43] {dino} sh 1x

[10:43] {nemo} or short sso

[10:43] {dino} opps sh long

[10:43] {dino} nope disregard

[10:43] {Threei}  just no shares mags

[10:44] {nemo} :)

[10:44] {Threei}  they simplified message

[10:44] {dino} sh= short

[10:44] {magoo} got it ty

[10:44] {nemo} sso=S&P 2x long  sds=S&P 2x short

[10:44] {Threei}  used to be a few different explanations

[10:46] {nemo} no volume again.  Ma and Pa are staying out of this dance, looks like it's going to just be the pros.  Makes sense though.  Ma and Pa are probably done for a looooonngggg timeeeee

[10:46] {larisa} I hope you are wrong, it is harder to compete wih pros :) 

[10:47] {dino} don't overthink, just trade

[10:47] {nemo} It would make sense though...so I am probably wrong...but how disillusioned do you think people are now?

[10:47] {dino} in the end nothing matters

[10:47] {nemo} I'm not Dino, just noticing the volumes...yeah in the end, we're dead

[10:48] {magoo} yup..we're all just dust in the wind

[10:48] {dino} well at the close what matters?????????????/

[10:48] {Threei}  philosophical mood is setting

[10:48] {nemo} here we go...thanks Kerry

[10:50] {chinggis} Vad CENX pullback playable?

[10:50] {dino} apol sm l .70

[10:51] {Threei}  this pullback to .50 is so shallow, I would rather go for break of ,60

[10:51] {Threei}  if loses .50 before breaking, will have to reevaluate next support

[10:52] {chinggis} ok Ty Vad

[10:52] {Threei}  keep an eye on AA chinggis

[10:52] {chinggis} ok

[10:52] {Threei}  you want to see AA strength for CENX break

[10:53] {chinggis} ok ty

[10:57] {Threei}  beautiful

[10:57] {Threei}  out?

[10:57] {chinggis} i did not play

[10:57] {chinggis} missed

[10:57] {Threei}  awww

[10:57] {Threei}  good find

[10:58] {chinggis} :(

[10:58] {Threei}  anyone went for it?

[10:59] {chinggis} ty

[11:00] {dino} yobama coming on tv

[11:00] {nemo} short anything?

[11:03] {dino} mgln stopped flat

[11:06] {dino} apol stopped flat

[11:07] {nemo} yobama effect

[11:10] {ese} for crying out loud&^%^%$ HBan

[11:11] {nemo} trap door...hope the noose was snug

[11:11] {ese} Out HBAN.......,02 =.05

[11:11] {Threei}  CEO: CREDIT CARD UNIT IS THE 'MOST UNDER STRESS' OF OUR BUSINESS SEGMENTS; THERE REMAIN TOO MANY BANKS IN THE US - CONF COMMENTS

[11:11] {ese} thats -}05

[11:11] {Threei}  JPM

[11:12] {ese} piece of S....&^&$# stock

[11:13] {jfjf64} jpm

[11:15] {ese} burns me friday burns me today......never want to see it again......whos rnning that bank anyway....blah blah blah

[11:15] {chinggis} Is AA gonna break hod?

[11:15] {pita} skipped today's burn, ese, still smarting from Fri.

[11:16] {Threei}  looks this way but it's very slow and narrow

[11:16] {ese} true

[11:16] {chinggis} ok ty Vad

[11:16] {Threei}  CENX is much better player in this field

[11:16] {ese} everything heading up....it's heading dn.....bad sign

[11:17] {dino} sm risky l apol .15

[11:18] {nemo} volume has picked up significantly

[11:19] {ese} gonna pass on this one for along time pita

[11:21] {pita} yeah

[11:21] {pita} FITB more stable

[11:23] {pita} cheap stock with good volume - tempting

[11:24] {ese} yes but it's reached it's maximum trading range for the day

[11:24] {ese} up from here is a gamble

[11:25] {pita} FITB?

[11:26] {ese} yes....it tends to move about .40 a day and it's at .45

[11:26] {pita} k

[11:29] {ese} looks like it wants up pita.....but i'm good for the day with it

[11:30] {pita} know when to say when...

[11:30] {ese} would love to short HBAN right into the ground.........i'm not bitter!!!!   no sir 

[11:31] {magoo} its not butter?

[11:31] {ese} just want it to get it's just deserts

[11:31] {nemo} mags...painkillers kicking in?

[11:32] {jfjf64} lol

[11:32] {ese} maybe that would be better mags.....slide it into the ground painfully

[11:35] {Threei}  FITB just won't quit

[11:37] {ese} ya l'll say

[11:37] {ese} skys the limit past .40   three day high

[11:38] {ese} breaking out of bull flag to the upside

[11:38] {Threei}  Timmy on TV

[11:39] {Threei}  Prez now

[11:42] {ese} what are they saying.......market about to tank?

[11:43] {Threei}  tax shelters closing

[11:44] {nemo} All that homeless money kicked out into the street

[11:44] {magoo} and mkts like this vad?

[11:44] {Threei} Short Setup: QLD  .30 break

[11:45] {Threei}  if moves closer to .40, agressive entry will be preferred

[11:45] {jfjf64} charlie  wont  let  me   short     

[11:46] {Threei}  if never breaks .35, then regular entry

[11:48] {Threei}  first weakness from here

[11:48] {Threei}  if stays below .50

[11:48] {Threei}  .43 in

[11:48] {Threei}  stop just above .50

[11:50] {dptl} in .42

[11:52] {Threei}  if you are very very stingy, trail stop to above .45

[11:52] {Threei}  1:1 already

[11:53] {pita} ty

[11:53] {Threei}  welcome

[11:53] {dptl} half out

[11:53] {Threei}  beautiful entry eh

[11:54] {Threei}  2- 3 cents under the high

[11:57] {ese} fitb ...here comes the interesting part will it break by .40

[11:58] {dptl} more out .23 ty

[11:58] {ese} going against qqqq good sign

[12:01] {dptl} out last  

[12:02] {ese} you short qld dp?

[12:02] {dptl} yes all out now

[12:02] {ese} at .42.....nice one

[12:03] {dptl} +.10 +.19 and +.09

[12:03] {ese} high five**

[12:04] {dptl} high five..thnx to Vad :)

[12:05] {ese} high five to vad**

[12:05] {dptl} shhh...you gonna wake him up :)

[12:08] {ese} zzzzzzz....snort.....graugel....zzzzzzzz  can hear him now

[12:08] {Threei}  lol

[12:13] {Threei}  WFC

[12:13] {Threei}  REGULATORS REPORTEDLY TELL WFC TO SHORE UP THEIR BALANCE SHEET

[12:14] {nemo} must be why they

[12:14] {nemo} they

[12:14] {nemo} they're up almost 2 bucks

[12:15] {Threei}  this is fresh news, and it dropped when it hit

[12:15] {Threei}  - Note: overnight the FT reported that stress test results suggest Wells Fargo (among other banks) may need additional capital.{

[12:15] {nemo} yeah, but that they were on the list came out before

[12:17] {Threei}  as larisa would say... you worry too much {G}

[12:17] {nemo} look at Apol dino

[12:17] {Threei}  or as dino would say... you overthink it

[12:17] {dino} i don't know how, but apolk sold at 58.85, +.70

[12:18] {dino} apol

[12:18] {nemo} when did you go long?

[12:18] {dino} missed esi at 89.50

[12:18] {dino} awhile nemo, sm wide

[12:19] {dino} lucky

[12:21] {ese} just flound out that you can read boulivard magzine online....the article on me is P.26 to P29

[12:21] {ese} http://www.victoriaboulevard.com/

[12:21] {nemo} is that how you spell it?

[12:27] {dino} lanc s .92 sm

[12:31] {nemo} cool ese.

[12:37] {ese} tks....it was nicely done i thought...

[12:37] {nemo} yes...Our local high school jazz band is a quality product also..it's always a nice surprise

[12:41] {dino} cool es

[12:42] {ese} tks dino......i haven't had time to see it yet......do they show the photos as well....

[12:42] {dino} some

[12:42] {ese} have just read the actual magazine article

[12:42] {nemo} you and one of with the kids

[12:44] {dino} lanc stopped -.28

[13:02] {chinggis} spwra?

[13:05] {Threei}  hard to tell...

[13:05] {Threei}  nice chart

[13:05] {Threei}  but churns in place ever so slowly

[13:05] {chinggis} ok ty

[13:11] {dino}  mant lod

[13:11] {dino} sm l .05

[13:13] {dino} celg sm l .70

[13:16] {Threei}  crazy spike

[13:16] {chinggis} yeah

[13:24] {Threei} Short Setup: EXPD  38 break if stays under .10, half lot

[13:26] {Threei}  Just 18% of Americans think the United Auto Workers union and the federal government will do a good job running Chrysler and General Motors

[13:26] {Threei}  I'd say, we have 18% of sleepwalking

[13:28] {Threei}  WHITE HOUSE'S GIBBS: SOME BANKS WILL NEED MORE CAPITAL

[13:29] {ese} outta here all see ya tomorow

[13:29] {Threei}  take care ese

[13:29] {pita} me too cu all later

[13:30] {Threei}  pita :)

[13:31] {larisa} EXPD up on no news ?

[13:31] {Threei}  yes

[13:31] {larisa} ty

[13:31] {Threei}  I'd say, dminishing concerns about swine flu

[13:31] {jfjf64} short still valid?

[13:31] {Threei}  yes

[13:32] {Threei}  it never broke .10

[13:33] {dino}  apol sm l .05

[13:36] {Threei}  FITB will nevert stop

[13:36] {Threei}  ever

[13:39] {chinggis} l cenx .83

[13:46] {dino} isle

[13:47] {dptl} in expd .99

[13:48] {chinggis} slow.. out cenx

[13:48] {nemo} inn expd

[13:52] {magoo} i have doc apptmt now..c u tommorrow

[13:52] {nemo} good luck mags

[13:52] {Threei}  take care mags, good luck

[13:53] {Threei}  don't kick doc with your broken leg

[13:53] {magoo} ty..good luk to u all trading

[13:54] {Threei}  1:1, half out

[13:54] {nemo} yep

[13:54] {Threei}  scalpers are scalpers of course

[13:55] {Threei}  I'll try to squeeze more out of it

[13:55] {dptl} 2/3 out 

[13:55] {Threei}  looks to me so done, give me a fork to put in it

[13:56] {larisa} but why so dead at the top.. wierd one. good luck though :)

[13:57] {dptl} all out ty

[13:57] {Threei}  1:2

[13:57] {nemo} me too

[13:57] {Threei}  traitors

[13:57] {Threei}  left me alone

[13:57] {nemo} scalper

[13:58] {Threei}  me be laughing last

[13:58] {nemo} RIMM VAD

[13:58] {Threei}  .80 short?

[13:59] {nemo} I was thinking that but if it stays below .90

[13:59] {Threei}  let it trade for now, watch how it slides to .80

[13:59] {Threei}  if slowly and nicely, short breakdown

[13:59] {Threei}  if drops into .80- verticsally, let it go

[14:00] {Threei}  this market bo7unce looks unconvincing to me

[14:00] {Threei}  we are going lower

[14:00] {dino} cmtl sm l .25

[14:01] {Threei}  FED SURVEY: BANKS EXPECTING ADDED DETORIATION IN LOAN QUALITY

[14:06] {Threei}  ECPD 1:3

[14:06] {Threei}  lower going we are

[14:07] {nemo} ok back in

[14:07] {Threei}  hmm?

[14:07] {larisa} nemo wants 37 on it :)

[14:07] {nemo} I was out @ 2:1 BUT GIVEN YOUR CONVICTION i DIDN'T WANT YOU TO BE HERE ALONE

[14:08] {nemo} sorry about the caps

[14:08] {Threei}  that's questionable decision from risk management point of view

[14:08] {Threei}  conviction alone is cheap

[14:08] {nemo} yeah, it's looking worse

[14:08] {Threei}  the game is about risk exchange

[14:09] {Threei}  with entry 30 cents higher my risk is zilch

[14:09] {Threei}  entry here is way riskier

[14:09] {nemo} and I took my eye off rimm

[14:11] {Threei}  1:4 baby

[14:12] {Threei}  covered 1/4 more .61, +.38

[14:13] {Threei}  me happy

[14:14] {Threei}  not jump-up-and-down-happy, but this masculine tempered smile happy

[14:14] {dino} anybody know when stamps go up in usa?

[14:14] {Threei}  nice drop RIMM

[14:15] {larisa} may 11 dino

[14:15] {dino} to what?

[14:15] {larisa} 44 from 42 I think

[14:15] {dino} ty

[14:15] {larisa} yw

[14:18] {larisa} something wrong with HIG, keeps rising :)

[14:19] {Threei}  yeah... looked at it a few times, couldn't bring myself to call it

[14:21] {larisa} I'm trying to stay away from it too 

[14:21] {larisa} :)

[14:35] {wulff} just came back. what on earth happened with the Finnies?

[14:35] {nemo} they  all need financing 

[14:35] {larisa} lol

[14:36] {nemo} the pres says they're healthy enough to get it from the market, so the dilution should raise the stock price...go figure

[14:36] {Threei}  my guess is,things happen accordingly to original markety intent briefly interrupted by swine flu

[14:37] {Threei}  that intend was to go up into stress test results,

[14:37] {Threei}  then react to announcement

[14:37] {Threei}  most likely by harsh drop if results are positive

[14:37] {nemo} so, is expd setting up for short or long?

[14:38] {nemo} answers that

[14:38] {dino}  cmtl stopped -.33

[14:39] {Threei}  my dear beauty, EXPD

[14:41] {larisa} lethargic beauty 

[14:42] {jfjf64} we take it any way we cd get it    correct vad

[14:43] {Threei}  ummm

[14:43] {Threei}  I feel this is too loaded

[14:43] {Threei}  I'll stay silent :)

[14:44] {Threei}  even though magoo is not here, nemo is not much better... I already see his preparing 15 jokes about sleeping beauties

[14:44] {nemo} no...not one

[14:45] {Threei}  says nemo quickly ripping the sheets and throwing pieces out

[14:47] {wulff} you find any good trades since noon? 

[14:47] {Threei}  [13:24] {Alert} Threei Short Setup: EXPD 38 break if stays under .10, half lot

[14:48] {Threei}  13:24 is after noon

[14:48] {Threei}  I think

[14:48] {dino} celg stop to .95

[14:48] {nemo} depends on time zone

[14:50] {Threei}  WFC... jeez

[14:51] {jfjf64} is  that  good jeez   or bad  jeez

[14:51] {Threei}  just jeez

[14:51] {Threei}  completely unemotional jeez

[14:51] {jfjf64} lol

[14:51] {Threei}  :)

[14:51] {jfjf64} pullback  coming??

[14:52] {Threei}  EXPD doesn't make new lows with NQ drop

[14:52] {Threei}  out

[14:52] {Threei}  +.50

[14:52] {Threei}  enough is enough

[14:52] {larisa} gj

[14:53] {Threei}  ty

[14:53] {jfjf64} nice wk

[14:54] {Threei}  WFC

[14:54] {Threei}  S&P PUTS RATINGS ON WATCH NEGATIVE

[14:54] {Threei}  that's it... now it goes to 30

[14:56] {Threei}  lol... see?

[14:57] {dino} celg stopped .99, +.29

[14:58] {nemo} early on expd

[14:58] {wulff} LVS pullback

[14:59] {Threei}  nah, I am OK with it... look at that moment in the market - volume flattened, stopped giving infications

[14:59] {Threei}  market could start recovery at that point just as easily

[15:00] {Threei}  I am scalper... I got 50 cents trade... do I risk it in uncertain situiation?

[15:01] {Threei}  think of trading as buying and selling risk

[15:01] {nemo} understood, just busting stones, probability of reversal much higher

[15:01] {Threei}  the guy who bought EXPD at 38 from me bought whole lot of risk

[15:01] {Threei}  and I was happy to sell it to him

[15:01] {nemo} had to do something...couldn't think up any sleeping beauty jokes

[15:01] {jfjf64} lol

[15:02] {Threei}  lol

[15:02] {Threei}  all I know are rhyming in russdian only

[15:02] {Threei}  so not much of help to you

[15:09] {dino} ddrx

[15:12] {dptl} db expd?

[15:13] {Threei}  nah

[15:13] {Threei}  leave it be

[15:14] {dptl} ye looks like going lower

[15:18] {dino} cmtl drop

[15:20] {Threei}  FAZ under 7... sheesh

[15:20] {Threei}  before you ask jf... this is unemotional sheesh

[15:20] {jfjf64} lol

[15:20] {dptl} lol

[15:21] {Threei}  there must be bounce here somewhere

[15:21] {nemo} maybe not Nas been running a 7 point zone since 10:30

[15:22] {nemo} same for S&P

[15:22] {nemo} OW 50 points

[15:22] {nemo} DOW

[15:23] {cosmo} XTXI holding 3.40  so far

[15:25] {nemo} sheesh...don't ask jf

[15:30] {dino} sm l cmtl .49

[15:34] {Threei}  FED'S LACKER: NO COMMENT ON BANK STRESS TESTS, NOTES TESTS ARE IN THE "CLOSING PHASE"

[15:35] {dino} stop to .79

[15:36] {dino} to .89

[15:36] {dino} out .89.+.40

[15:36] {nemo} nice dino

[15:38] {dino} ty

[15:38] {dino} slow day for me, not much on the capit side

[15:38] {Threei}  slow is right

[15:38] {Threei}  but profitable

[15:38] {dino} light tho

[15:39] {dino} average is down last 5 weeks or so

[15:39] {nemo} Volatility is down plus we're headed into the summer

[15:40] {Threei}  - Fed will have to tighten policy at some point, cannot predict when that will be.

[15:40] {Threei}  - Loses on legacy assets should not get in the way of lending, bank lending should rise as economy recovers.

[15:40] {nemo} that your opinion or are you quoting

[15:41] {Threei}  lol

[15:45] {dptl} have a good evening all

[15:46] {larisa} bye dp

[15:46] {Threei}  take care dp

[15:46] {dino} cya

[15:51] {Threei}  ok... FAZ will reach zero first

[15:52] {Threei}  wow

[15:52] {nemo} well, that's not a "sheesh."

[15:52] {Threei}  but it's a very unemotional wow

[15:52] {Threei}  you can call it sleepy wow

[15:52] {wulff} I'm a buyer at .50

[15:53] {dino} mant stopped .90, -.15

[15:53] {Threei}  6.50?

[15:53] {Threei}  0r 5.50?

[15:53] {wulff} no .50

[15:53] {Threei}  oh, just .50

[15:53] {Threei}  lol

[15:53] {wulff} no need for put protection there

[15:55] {nemo} finnies won't stop...tck won't stop

[15:56] {Threei}  AIG

[15:56] {Threei}  QUARTERLY RESULTS WILL REPORTEDLY NOT INCLUDE A CAPITAL REQUEST; WILL NOT NEED GOVT CASH FOR Q1; WILL SHOW IMPROVEMENT FROM Q408 - UNCONFIRMED REPORT

[15:56] {Threei}  - Note: AIG scheduled to report after the close on May 7, 2009{

[15:59] {larisa} later good people :)

[15:59] {Threei}  take care larisa :)

[15:59] {Threei}  (I assumed she meant us)

[15:59] {Threei}  okay guys, thank you all

[15:59] {Threei}  have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {dino} out apol .38, +.33

[16:00] {Threei}  dino, stop making moneyu

[16:00] {Threei}  the day is over

[16:01] {dino} well, had to clean it out 

[16:03] {dino} gn all, baseball w/son

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