May 06 2009

Fairly nice day with a few plays on financials (BAC, WFC etc), casinos (MGM, LVS) and dryshipper EGLE.

Session Time: Wed May 06 00:00:00 2009

[08:12] {magoo} morning
[08:14] {Threei} good morning
[08:15] {Threei} APR ADP EMPLOYMENT CHANGE: -491K V -645KE
[08:15] {Threei} all is wel
[08:15] {Threei} well too
[08:16] {magoo} less decline than expected
[08:19] {magoo} FIG news vad?
[08:20] {Threei} 05/06/09 07:10am
[08:20] {Threei} [FIG] Fortress Investment Group LLC Reports Q1 GAAP -$0.71 v -$0.74 y/y, R $122.3M v $87.3Me
[08:20] {Threei} - Reports AUM $29.5B v $29.5B q/q
[08:34] {pita} gm everyone
[08:35] {Threei} pita :)
[08:42] {Threei} (US) FDIC'S BAIR: URGES CONGRESS TO CREATE A "SYSTEMIC RISK COUNCIL," TO INCLUDE FDIC, TREASURY, FED AND SEC REPRESENTATIVES
[08:48] {Threei} FAZ decisively aims toward zero
[08:51] {Threei} FIG CEO: BELIEVES THERE WILL BE "SIGNIFICANT" CONSOLIDATION AMONG US BANKS - CONF CALL
[08:53] {chinggis} gm all
[08:53] {Threei} chinggis :)
[08:56] {cosmo} CROX
[09:04] {Threei} DRYS consolidates under 10.30
[09:05] {nemo} What I miss?
[09:06] {Threei} depends on how many centuries you slept...
[09:06] {nemo} just call me Rip
[09:06] {ese} good morning
[09:06] {Threei} but if you know that the cold war is over, you are fairly up to speed
[09:06] {Threei} ese :)
[09:07] {cosmo} the latest cold war?
[09:08] {Threei} don't confuse him cosmo
[09:08] {cosmo} k....back to sleep then
[09:08] {Threei} I mean, any more than I will
[09:10] {cosmo} its your privlage, of course
[09:10] {cosmo} privlege
[09:10] {fernp} Good morning
[09:10] {Threei} fern :)
[09:10] {cosmo} DRYS tests
[09:12] {cosmo} 10.30 wall melts
[09:12] {pita} can this pre mkt bank run continue?
[09:12] {pita} quite the rip
[09:13] {Threei} it can, but the main question is, are we willing to chasde it insteasd of waiting for pullback?
[09:13] {nemo} what isn't ripping
[09:15] {Threei} (US) SENATOR DODD: BELIEVES FDIC SHOULD BE GIVEN RESOLUTION AUTHORITY FOR LARGE FAILING FINANCIAL FIRMS
[09:15] {Threei} - Must be adequate safeguards in place to prevent big financial firms from taking on too much risk.
[09:15] {Threei} - Large financial firms may require new disclosure and reporting requirements.
[09:15] {Threei} - Would like to see power to regulate systemic risk held by more than just one body.
[09:17] {Threei} so, with all the rumors flying around about BAC needing tens on billions, it moves up almost two points pre-market?
[09:17] {nemo} another sprint out of the gate day and meander around the high until the program trading kicks in after three and gooses it some more?
[09:22] {Threei} working assumption is, hard pullback from the opening, a few nervous moves, then recovery and new highs
[09:22] {Threei} if market jumps up from the open, I will miss the move
[09:24] {Threei} FIG knows no limits eh?
[09:25] {Threei} if you feel the pullback after open is our scenario and don't mind very risky opening play,
[09:25] {Threei} FAZ 6.20 break is your play
[09:26] {nemo} vinod and Mags should be all over it
[09:27] {Threei} BAC is climbing even more into open
[09:27] {Threei} definitely "wait for pullback"
[09:27] {Threei} no way I am buying breakout here
[09:28] {Threei} I am rather prepared to cry if it goes to 15 with no pullbacvk
[09:28] {Threei} nemo, pass me a tissue please...
[09:28] {nemo} use your sleeve
[09:28] {Threei} how inconsiderate
[09:29] {nemo} that's what they're for
[09:29] {Threei} keeping DRYS and LVS on bakcburner as well
[09:30] {Threei} btw, on FAZ... if consolidates a little under 6.10, break of it is a play as well
[09:30] {Threei} if stays above 6
[09:31] {Threei} BAC pulling back
[09:31] {Threei} prepare half lot
[09:31] {Threei} we want sharp selloff under 11.50
[09:32] {Threei} FAZ in 5s... lol
[09:34] {Threei} Short Setup: BAC 11.80 half lot
[09:34] {nemo} missed
[09:34] {Threei} stop above 12
[09:35] {Threei} same setup
[09:37] {Threei} Long Setup: FAZ 6 break if stays above 5.90
[09:38] {Threei} stop 11.95 BAC
[09:39] {nemo} took the scalp on back ty
[09:39] {Threei} on whose back?
[09:39] {nemo} bac bohica
[09:39] {fernp} excellent Vad. out BAC ty
[09:40] {Threei} welcome... am I alone still in?? :)
[09:40] {pita} in faz
[09:40] {Threei} BAC 1:1
[09:40] {magoo} covered bac .65...wfc .65
[09:40] {magoo} in faz
[09:40] {Threei} covered galf
[09:40] {Threei} half
[09:41] {Threei} stop to b/e
[09:41] {Threei} FAZ 1:1
[09:41] {Threei} taking scalp on this one
[09:41] {jfjf64} ty
[09:41] {Threei} sure thing
[09:41] {jfjf64} good mornin
[09:42] {tomg} ty vad
[09:42] {Threei} tom :)
[09:42] {Threei} DRYS
[09:42] {pita} out faz ty
[09:42] {Threei} pita :)
[09:43] {Threei} DRYS pullback starts looking sufficient
[09:43] {Threei} not quite ready yet
[09:43] {ese} l fitb .78
[09:44] {nemo} all's right with the world, ese playing fitb
[09:44] {ese} indeed
[09:44] {Threei} good boy BAC
[09:44] {Threei} missed DRYS probably
[09:45] {Threei} BAC stop for the balance to .75, waiting to see if I get .50 breakdown
[09:45] {ese} out Fitb .90 +.12
[09:46] {nemo} 20000 of the little buggers?
[09:46] {ese} 15
[09:47] {Threei} {little buggers} this is abuse... discrimination by size
[09:47] {ese} have cut back just a little
[09:47] {nemo} not to mention referring to them as buggers
[09:47] {jfjf64} nice bac call also b
[09:48] {ese} that was a perfect dino play on that pullback
[09:49] {nemo} bac setting up again for a short?
[09:49] {ese} bstop FITB .00
[09:49] {ese} clear sailing above 5.00
[09:50] {ese} smaller shares
[09:51] {pita} FITB moving opposite FAS?
[09:51] {ese} perfect call re the market Vad.......
[09:51] {Threei} why pita
[09:51] {Threei} they move together
[09:51] {Threei} more or less
[09:51] {ese} L
[09:52] {nemo} careful ese, he'll dislocate his shoulder again
[09:52] {pita} exactly, why opposite now?
[09:52] {Threei} it's a pwermanent condition nemo
[09:52] {Threei} I don't see opposite
[09:52] {Threei} you sure tyou are looking at FAS and not at FAZ?
[09:53] {pita} yes, i'm sure - but my fas chart froze, not good...
[09:53] {Threei} okay... that explains it
[09:54] {ese} your working assumption is going to make me alot of money this morning vad
[09:54] {jfjf64} ese fitb sailing
[09:54] {Threei} done with BAC
[09:54] {Threei} good to hear ese
[09:54] {pita} with chart freezing, missed FITB run ;(
[09:54] {ese} out 1/2 .10 +.10
[10:01] {ese} out in full .15 +.15
[10:02] {ese} will see about pullback
[10:02] {magoo} wheres dino??
[10:06] {ese} vad.....what do you see as a good pullback area for FITB
[10:07] {ese} assuming market co operates....i'm thinking .90
[10:09] {dino} gm all, cinco de maya issues
[10:10] {nemo} ahhhh...hungover
[10:10] {fernp} gm dino
[10:10] {pita} hornitos shots!
[10:10] {Threei} dino :)
[10:10] {dino} maybe time to move, neighbors are killing me, tequilla
[10:10] {Threei} feels lower to me, ese...
[10:11] {dino} sm mygn ,99
[10:14] {ese} ya qqqq's not looking stong
[10:14] {ese} sorry ..lower than .90?
[10:15] {nemo} fitb looking like a potential short here?
[10:15] {dino} stop is .73
[10:15] {ese} would agree nemo
[10:15] {fernp} ORCL breakdown, Vad?
[10:15] {magoo} we in anything vad..been elsewhere
[10:15] {Threei} not sure fern... a bit too narrow
[10:16] {fernp} ok
[10:16] {jfjf64} got nervous vad thought ya left us
[10:16] {magoo} bounce time SPY RISKY in .20
[10:16] {magoo} DNDN
[10:17] {magoo} sheesh
[10:17] {jfjf64} wow
[10:17] {nemo} market buy?
[10:17] {dino} stopped -.28
[10:19] {nemo} look at dndn now
[10:19] {magoo} stop spy at .98
[10:21] {nemo} Hey ese, did you short?
[10:21] {magoo} spy no work
[10:21] {ese} hey nemo......no
[10:22] {nemo} me neither...just think 15000 of those little buggers
[10:22] {ese} just thinking about vad and his 6th sense....he's bang on again...fitb is lower
[10:22] {nemo} I'm telling ya' his shoulder is going to fall off one of these days. "Vad-the one armed day trader"
[10:22] {pita} where's the bounce spot FITB?
[10:23] {Threei} 4.80 is shaky one, 4.60 is much more solid
[10:23] {nemo} and no sighn of market help yet either
[10:24] {nemo} sign
[10:24] {ese} yup.....i'm in at that point regardless
[10:24] {nemo} .80 or .60 ese
[10:24] {ese} .60
[10:25] {ese} i'll buy something there....not sure how much but somethin
[10:25] {dino} trk
[10:25] {nemo} looks like a short candidate dino
[10:30] {Threei} *DOE CRUDE: +600K V +2.5ME
[10:30] {Threei} GASOLINE: -167K V +750KE;
[10:30] {nemo} that should shoot oil throgh the roof
[10:30] {Threei} actually it's dropping through the floor
[10:31] {nemo} watching dxo it shot up dropped back now we'll see
[10:32] {dino} pnra gap around 55,40
[10:32] {nemo} it's shooting up
[10:32] {Threei} hmmm
[10:32] {Threei} ESE
[10:32] {Threei} UPDATE: STEPHENS CUTS ESE TO EQUAL WEIGHT FROM OVERWEIGHT
[10:32] {Threei} - pre-open
[10:32] {nemo} ese, you lose weight?
[10:33] {Threei} Long Setup: FAZ 6.15
[10:34] {Threei} if sets up from here, stop under 6.10
[10:35] {Threei} under 6.05 will become rather bounce candidate
[10:36] {Threei} just under 6 most likely
[10:36] {magoo} BAC trying here
[10:36] {magoo} in .70
[10:37] {magoo} stop .59
[10:37] {Threei} Short Setup: MGM half lot .30 breakdown
[10:37] {Threei} if stays under .50
[10:37] {dino} mgln sm l .40
[10:38] {Threei} unavailable
[10:38] {dino} gpro sm l .60
[10:39] {Threei} Long Setup: HIG .80 break
[10:40] {nemo} in hig
[10:40] {Threei} for scalpers stop under .70
[10:40] {fernp} in
[10:40] {Threei} for day trade under .60
[10:41] {Threei} yesteday high is .99
[10:41] {Threei} has a good chance to break it for bigger run
[10:41] {Threei} those who go foa daytrade consider partialling
[10:42] {fernp} out ty
[10:42] {Threei} 1:1 for scalpers
[10:42] {pita} ty HIG
[10:42] {Threei} welcome
[10:43] {jfjf64} ty
[10:43] {nemo} stopped
[10:43] {Threei} hmm?
[10:44] {Threei} something's disconnected here
[10:44] {nemo} scalped 1/2
[10:44] {fernp} I like to be on that list :)
[10:44] {nemo} moved stop to 80
[10:44] {Threei} oh I see
[10:44] {nemo} then blew through the stop
[10:44] {nemo} net zero
[10:44] {jfjf64} faz ??
[10:45] {Threei} don't see any play on it here
[10:45] {jfjf64} ty
[10:48] {Threei} no, I still don't get it nemo... :)
[10:49] {Threei} if you were going for a scalp why half,
[10:49] {Threei} if you were going for day trade, you haven't reached 1:1, why partial
[10:49] {Threei} you did some kind of hybrid, lol
[10:49] {nemo} got in @ .80 sold half at .90
[10:49] {Threei} target and stop as with scalp, partialijg as with day trade
[10:50] {nemo} I was playing tighter
[10:50] {Threei} and result is not really harmful, just a wash
[10:50] {Threei} but internal logic of the play is lopsided
[10:51] {Threei} my inner feel of harmony is upset
[10:51] {Threei} see? now you've upset my inner feel of harmony
[10:51] {pita} zen?
06[10:51] * Threei is crying bitterly in the corner
[10:51] {nemo} no, you allow your inner feel to be upset
06[10:53] * Threei kicks HIG in the rear, trying to restore fragile emotional balance by resorting to means of violence
[10:54] {pita} non zen
[10:54] {Threei} nope
[10:54] {Threei} let's trail HIG stop to under .65
[10:55] {nemo} not true violence can be performed in a zen state. Best fighters fight in zen
[10:55] {dino} pmra sm l .00
[10:55] {Threei} double top is possible, so let's tighten it by trailing to under last pullback low
[10:55] {nemo} you mean pnra dino?
[10:56] {magoo} long SAAP{L .40
[10:56] {magoo} RISKY
[10:56] {magoo} 'top .14
[10:56] {magoo} out .68 GET OUT
[10:57] {magoo} fast'
[10:58] {Threei} daytraders half out HIG
[10:58] {magoo} what am i again vad..forgot?
[10:58] {Threei} ummm
[10:58] {Threei} your true nature is still being studied by science mags
[10:58] {ese} swing L Fitb .90
[10:58] {magoo} hurry up so i diont mniss exit
[10:58] {Threei} and presents extreme puzzle
[10:59] {nemo} They'd never seen DNA like it before
[10:59] {Threei} enigma wrapped in mystery is magoo
[11:00] {nemo} and Churchill didn't even know him
[11:00] {Threei} stop to .75 for the balance
[11:02] {dino} gpro to .89
[11:04] {dino} pnra to .30
[11:05] {dino} nice when a plan comes together
[11:05] {dino} out pmra +.30
[11:06] {dino} wow thank you hard stop
[11:06] {dino} air pocket
[11:08] {nemo} hig becoming short candidate?
[11:08] {Threei} nah
[11:10] {dino} synt
[11:10] {Threei} Long Setup: EGLE .81 break
[11:10] {Threei} stop under .70
[11:10] {Threei} for hardcore scalpers under .75
[11:10] {dino} gpro to .95
[11:11] {nemo} partial
[11:11] {dino} tighten to .99
[11:11] {Threei} run DRYS run
[11:11] {Threei} lift our EGLE
[11:12] {dptl} good morning all
[11:12] {Threei} dp :)
[11:12] {ese} dp
[11:13] {dino} to .01
[11:13] {dino} to .09
[11:14] {dino} trk
[11:15] {dino} out gpro .11 reverse slip, +.51
[11:16] {dino} trk taunting me, "go ahead dino, short me"
[11:16] {magoo} DRYS
[11:16] {larisa} did not see your short often, or just missed?
[11:17] {pita} still like EGLE - missed original call
[11:18] {dino} didn't do it yet larisa, i will let you know
[11:18] {larisa} lol
[11:18] {dino} waiting at 19.80 but thats not happening
[11:20] {nemo} there goes hig
[11:22] {dino} double top larisa?
[11:24] {dino} sm s ave .03 trk
[11:24] {dptl} still in egle,Vad?
[11:24] {larisa} nemo should know, he is our db dt expert lately :)
[11:24] {Threei} nothing changed really dp
[11:25] {dino} speaking of nemo, amsc
[11:26] {larisa} I played AMZN bounce from 79.90 to 80.30 , still shaking. never again :)
[11:26] {dptl} took .81
[11:26] {dino} lol
[11:26] {dptl} egle
[11:26] {Threei} why... adnrenaline is good for you larisa
[11:27] {Threei} especially when typed right
[11:27] {larisa} no, I like clear head and no emotions !!!!!!!!! like that
[11:28] {Threei} ah
[11:29] {nemo} stopped egle
[11:30] {dino} trk stuck, tighten bstop to .22
[11:30] {Threei} pretty much everything is stuck
[11:31] {dino} stopped -.19
[11:34] {dino} will reload break of .00
[11:34] {dino} and 3i, agree
[11:37] {Threei} F
[11:37] {Threei} ELECTRIC FOCUS MODEL TO BE LAUNCHED NEXT YEAR WILL HAVE A 100 MILE RANGE AND BE BUILT IN MICHIGAN - PRESS CONF
[11:37] {dino} sm l mygn .40
[11:38] {Threei} what a pity that MGM is not available for short
[11:39] {magoo} all finnies just popped
[11:39] {magoo} lvs is
[11:41] {dino} gmxr
[11:41] {chinggis} any read on ZION vad?
[11:42] {dino} trk wow almost hit that 19.80 order
[11:42] {Threei} 15 break is kind of standard setup for ZION... not sure it's worth the risk
[11:43] {chinggis} ok ty
[11:43] {Threei} LVS .40 short, maybe
[11:43] {Threei} if stays under .50
[11:43] {magoo} WFC getting strong here vad
[11:43] {magoo} JPM too
[11:44] {dino} pnra sm l .00
[11:46] {dino} trk s .40
[11:52] {jfjf64} lvs still valid vad
[11:54] {Threei} never went over .50
[11:55] {magoo} WFC
[11:57] {magoo} news AAPL vad?
[11:59] {magoo} WFCCCCCCCCCCCC
[12:00] {dino} trk stopped -.19, done w/.it
[12:01] {Threei} just went with market mags
[12:02] {magoo} i been long from first notice way earlier
[12:02] {dptl} egle stuck eh..
[12:04] {Threei} {EGLE} xcuse me? who are you calling stuck?
[12:04] {dptl} :)
[12:04] {Threei} CHRYSLER'S NON-TARP LENDERS NAMES REVEALED PER COURT RULING YESTERDAY: LENDERS INCLUDE FOXHILL OPPORTUNITY MASTER FUND, GROUP G PARTNERS, AND SCHULTZE MASTER FUND
[12:04] {Threei} I can't believe this
[12:05] {Threei} pitchforks, feathers and tar are ready I assume
[12:06] {dptl} half out egle
[12:07] {Threei} you know it's against the law to dismember eagles, right?
[12:07] {dptl} lol
[12:07] {Threei} DRYS goes for break
[12:08] {Threei} if succeeds should help EGLE
[12:08] {ese} L...U....N...C...H
[12:08] {Threei} great... ese made me hungry
[12:10] {Threei} F CEO: HAVE ENOUGH LIQUIDITY TO FUND RESTRUCTURING; STILL FORECASTING AUTO INDUSTRY RECOVERY IN 2H 2009 - PRESS CONF
[12:11] {ese} my swing trade in fitb is probably going linger now that the big boys are having a few martinis.....meaning i have to sit and wsait while they get drunk
[12:11] {Threei} I am not sure what prevents you from getting drunk yourself meanwhile
[12:15] {pita} enough fun for today, later everyone.
[12:15] {Threei} take care pita
[12:16] {Threei} half out EGLE
[12:16] {dino} cya pita
[12:17] {nemo} volumes staying up today
[12:19] {dptl} where are you trailing stop egle ,Vad?
[12:19] {Threei} under .80
[12:19] {dptl} ok ty
[12:25] {dino} is it me or is it slow today?
[12:25] {Threei} very
[12:26] {Threei} oh, and it's you
[12:26] {Threei} both
[12:26] {Threei} also, somehow it's magoo's fault
[12:26] {dino} annnn
[12:26] {dino} ahhhh
[12:29] {Threei} - Raymond James analyst comments that BAC could eventually rise into the $40s
[12:30] {Threei} BAC jumped as if it were to happen today
[12:30] {Threei} HEARING THINK EQUITY POSITIVE ON GIGM BASED ON BARNEY FRANK'S NEW ONLINE GAMBLING BILL (TIMING UNCERTAIN)
[12:30] {Threei} - reiterates Buy rating and $12 target
[12:32] {Threei} run EGLE run (yawn)
[12:33] {dptl} all out .95 ty
[12:33] {Threei} traitor
[12:34] {dptl} :)
[12:34] {Threei} smiling traitor
[12:36] {cosmo} one man's traitor is another man's partriot
[12:36] {larisa} lol
[12:36] {cosmo} do the math...:)
[12:36] {Threei} lol
[12:37] {magoo} looking for jpm.wfc and wfc to break highs
[12:38] {magoo} wfc=bac
[12:38] {cosmo} already?
[12:38] {Threei} hehe
[12:38] {Threei} good one cosmo
[12:39] {cosmo} :)
[12:39] {Threei} me out EGLE
[12:39] {Threei} +.16
[12:39] {Threei} dp's fault
[12:39] {Threei} started feeling lonely
[12:39] {dino} holx l .10\
[12:45] {chinggis} BAC pullback buyable vad?
[12:45] {Threei} looks so, I'd just like it closer to 12
[12:45] {chinggis} ok ty
[12:46] {Threei} TV discusses how Specter lost seniority in Senate when switched parties
[12:46] {Threei} how the hell is it opf interest to anyone but Specter?
[12:47] {magoo} CTIC CTIUC
[12:47] {Threei} I don't havce news
[12:47] {magoo} i caught .55 to .80 and WOW
[12:48] {Threei} must be hype somewhere
[12:48] {magoo} yea
[12:48] {magoo} nuts
[12:48] {magoo} be careful
[12:48] {magoo} laserhds cant short it
[12:48] {magoo} like u want to??
[12:49] {Threei} guy who bought 80 cents stock at 1.55 suggests us to be careful?
[12:49] {Threei} oh the humanity
[12:49] {magoo} just scalpin
[12:50] {Threei} well... if you said you invested in it, I'd offically listed you as insane
[12:50] {larisa} too many lists vad
[12:50] {Threei} it's no problem larisa
[12:51] {Threei} I lose them overnight anyway
[12:51] {Threei} and start anew
[12:51] {dptl} flying higher egle ,(they say it's going to be raining )
[12:52] {Threei} flying?
[12:52] {Threei} crawling is more like it
[12:52] {Threei} magoo with broken ankle running in mollasses
[12:52] {dptl} or that :)
[12:52] {magoo} i hope im on top of at least one of them
[12:52] {Threei} you are... most of them
[12:52] {Threei} runners in mollasses
[12:53] {Threei} gamblers extraordinare
[12:53] {Threei} CTIC... let the bagholders cry
[12:53] {Threei} women and children fikst to exit
[12:56] {dino} pnra stopped -.30
[12:56] {magoo} hit it .24 trying out .43
[12:56] {magoo} OUTTTTTTTTTTTTTTTTTTTTTTTTTTT
[12:56] {Threei} this one was good
[12:56] {Threei} not gambling
[12:57] {Threei} riskis beyond what most in the room would tolerate, but technically valid play
[12:57] {magoo} so add me to that list too:)
[12:58] {Threei} wow EGLE
[12:58] {Threei} I want a mulligan
[13:00] {magoo} vad..i need a good trade on aapl or rimm or the like
[13:00] {magoo} not now..but get watching them ok?
[13:01] {Threei} trade I can offer any moment
[13:01] {Threei} good - hmmm
[13:01] {magoo} not now..
[13:01] {dino} pnrav gap fill
[13:01] {dino} pnra
[13:01] {Threei} but why do you NEED a play on RIMM{ pray tell
[13:01] {magoo} my fix
[13:02] {Threei} lol... that's so wierd
[13:02] {Threei} weird
[13:02] {Threei} whatever
[13:02] {Threei} .50 closest RIMM support where I'd get interested
[13:03] {magoo} aapl has one in there too...get watchin
[13:05] {dino} for an up day, everything i watch is negative
[13:05] {Threei} quite odd feeling dino, I have it too
[13:06] {Threei} very compartmentalized market
[13:06] {dino} yeah
[13:06] {Threei} and make no mistake: this word is 3 times longer than I usually use, and it took me years of hard work to get this pompous
[13:07] {Threei} mags
[13:07] {dino} pnra l sm .40 on gap fill
[13:07] {Threei} may want to entertain short RIMM
[13:07] {Threei} resistance 77
[13:08] {Threei} see if it establishes little range
[13:08] {dino} bwld sm l .80
[13:08] {Threei} bounced into 77 on lower volume, feels right for short
[13:14] {Threei} GS
[13:14] {Threei} WILL REPORTEDLY NOT NEED CAPITAL AFTER STRESS TEST RESULTS ARE RELEASED
[13:14] {Threei} - Earlier a Citigroup analyst noted that GS and STT were going to perform the best in stress tests
[13:21] {Threei} HIG again
[13:21] {Threei} MS REPORTEDLY WILL NOT REQUIRE ADDITIONAL CAPITAL AFTER STRESS TEST RESULTS DUE TO CAPITAL BUFFER
[13:23] {Threei} didn't think that HIG consolidation was worth the risk
[13:23] {Threei} grrr
[13:34] {magoo} C C
[13:36] {Threei} C
[13:36] {Threei} WILL REPORTEDLY NEED $5B IN CAPITAL AFTER STRESS TEST; INCORPORATING PREVIOUSLY ANNOUNCED STOCK CONVERSION PLAN - UNCONFIRMED REPORT
[13:36] {Threei} - prior reports from earlier this week noted that Citigroup would need to raise an additional $10B in new funding
[13:36] {Threei} all these flying rumors
[13:37] {Threei} duirect result of whole mess with these idiotic tests
[13:42] {vinod} good afternoon. been busy lately
[13:42] {Threei} MET
[13:42] {Threei} WILL REPORTEDLY NOT NEED ADDITIONAL CAPITAL AFTER STRESS TEST - UNCONFIRMED REPORT
[13:42] {Threei} hi vinod
[13:42] {vinod} lots of problem with sever I am managing
[13:43] {larisa} are we interested in LVS bottom ?
[13:43] {Threei} one more quick dive, and yes
[13:44] {Threei} to or under .50
[13:52] {larisa} you always want one more, greedy :)
[13:53] {Threei} yeah... sorry
[13:53] {larisa} np, i scalped it .60-.75
[13:54] {Threei} didn't look convincing to me
[13:54] {larisa} I was thinking temp bottom too
[13:55] {Threei} STT... what a move of that news
[13:57] {nemo} looks like the rally is confirmed. Banks have been blessed volumes are up
[13:57] {Threei} huh?
[13:57] {Threei} this bank rally comes to an end, IMO
[13:58] {Threei} stress test results is what this rally leads up to, with dump after
[13:58] {nemo} that's what we smart guys (and gals) expect
[14:01] {vinod} look like i haven't miss anything?
[14:01] {Threei} WFC... if this continues, magoo will buy 26 break
[14:06] {Threei} C and BAC are the storngest
[14:06] {Threei} WHITE HOUSE PRESS SEC REITERATING CONFIDENCE THAT CHRYSLER BANKRUPTCY CAN BE 'QUICK AND ORDERLY'
[14:08] {Threei} HIG consolidates again
[14:09] {Threei} C
[14:09] {Threei} if you are in the mood to try pullback
[14:09] {Threei} around .80 - .85
[14:09] {magoo} dammit
[14:12] {Threei} C
[14:12] {Threei} TO HOLD CONFERENCE CALL THURSDAY AT 6PMET TO DISCUSS STRESS TEST RESULTS
[14:13] {Threei} BAC
[14:13] {Threei} HAS NOT BEEN ASKED TO RAISE CAPITAL
[14:14] {nemo} they bought Countrywide at gunpoint so they'll get the kiss behind the ear from the gubmint
[14:14] {Threei} I'd assume that's good, but good and bad seem to lose any meaning lately
[14:18] {vinod} Why to rock the boat market doing good delay stress test
[14:18] {Threei} trap is ready to shut
[14:18] {Threei} publish half-decent looking result, public happily buys in
[14:19] {Threei} dump in their lap all accumulated over last couple month
[14:19] {Threei} and start the cycle anew
[14:19] {Threei} rinse and repeat
[14:21] {jfjf64} hig
[14:21] {Threei} who took C at the level I indicated, take scalp or sell half here
[14:21] {dptl} so Magoo is in wfc?
[14:23] {vinod} I took WFC at 26.00 as vad said
[14:23] {Threei} partial out here
[14:23] {Threei} or just take scalp and be happy
[14:23] {vinod} out at 26.25
[14:23] {Threei} this starts looking a bit hysterical
[14:23] {vinod} wow! it is going
[14:23] {Threei} can change on a dime
[14:24] {Threei} FITB... I winder if ese is still in
[14:24] {Threei} wonder too
[14:24] {vinod} my frist trade in two days
[14:25] {chinggis} out C +.06 ty
[14:25] {Threei} good to see it's a win
[14:27] {chinggis} C in .88 , out .94
[14:29] {Threei} a little high... but trends are forgiving
[14:30] {ese} Hi all.....coming to you from the music room at Victoria High school
[14:30] {dino} es
[14:31] {Threei} 14:24] {Threei} FITB... I wonder if ese is still in
[14:31] {larisa} sell your FITB and retire, ese :)
[14:31] {ese} out FITB .21 +.31
[14:31] {chinggis} gj ese
[14:31] {Threei} 20K littlebuggers?
[14:31] {dino} bwld stop to .09
[14:31] {vinod} FAZ going to be at 3?
[14:32] {Threei} today?
[14:32] {Threei} or eventually?
[14:32] {ese} no just 15k vad.....being a little more cautious with it
[14:32] {vinod} eventually
[14:32] {ese} it's made a nice move
[14:33] {dino} out bwld +.29
[14:33] {Threei} eventually I can't see how it can avoid being zero
[14:33] {vinod} reverse split
[14:33] {ese} how does that work.......
[14:33] {dino} mygn to flat
[14:33] {nemo} cut back on the number of shares
[14:34] {nemo} instead of giving 2 for every 1, you cut them in half
[14:34] {Threei} I don't know how reverse split can work on ETF
[14:34] {nemo} whatever ratio you want to use
[14:34] {vinod} don't aks bank rober who to rob a bank
[14:34] {nemo} me neither
[14:34] {Threei} there are too many factors involved
[14:34] {Threei} nor, to say honestly, do I care to find out
[14:35] {dino} mygn stopped flat
[14:42] {dino} tree
[14:43] {Threei} nice pullback FITB
[14:43] {Threei} and BAC
[14:43] {ese} i'll say
[14:44] {ese} i missed the stress test report....what was the outcome
[14:45] {Threei} rumors only for now
[14:49] {jfjf64} bounce bac vad
[14:50] {dino} mygn l .25
[14:50] {jfjf64} needs to consilated correct
[14:51] {vinod} bank rally could fade, erasing the gains, as quickly as it started.
[14:51] {Threei} yes vinod, but only after it suckers in the, umm, suckers
[14:52] {magoo} last hour prediction vad?
[14:53] {Threei} up
[14:53] {nemo} 170
[14:54] {magoo} ty
[14:56] {ese} signing off everyone....see you tomorow
[14:56] {Threei} take care ese, congratulations
[14:56] {Threei} another fine day for you
[14:56] {ese} thank you
[14:56] {Threei} except little buggers will sue you soner or later
[14:56] {ese} thas what i'm afraid of
[14:57] {ese} see ya
[14:59] {Threei} US SENATE REPORTEDLY AIMING TO INCREASE FEDERAL RESERVE OVERSIGHT AUTHORITY
[14:59] {Threei} {XLF}
[14:59] {Threei} sh*t
[14:59] {Threei} pardon my french
[14:59] {nemo} merde
[15:10] {jfjf64} uso ??
[15:12] {Threei} chart is right for a break
[15:12] {Threei} but you know how volatile USO can be?
[15:12] {Threei} be very careful with it
[15:12] {jfjf64} up or down lol
[15:12] {dino} mygn stopped -.27
[15:12] {dino} bwld l .55
[15:12] {chinggis} PTEN chart looks like USO
[15:12] {dino} sm
[15:13] {chinggis} my bad, it was wrong
[15:13] {chinggis} i was looking at different chart
[15:19] {Threei} ABk
[15:19] {Threei} SEEKING $1B IN DAMAGES FROM JPM
[15:21] {Threei} watching WFC for fast selling
[15:22] {Threei} to enter for bounce
[15:24] {Threei} here it goes
[15:24] {Threei} one more sharp red bar please
[15:25] {Threei} BAC around 12.10 and WFC .40 - .50 is probale bounce zones
[15:25] {Threei} in WFC
[15:25] {Threei} .44, stop under .35
[15:26] {Threei} in BAC .15
[15:26] {Threei} out WFC .62
[15:26] {Threei} BAC stop under .10
[15:27] {magoo} out .69 TY
[15:27] {Threei} wtg
[15:27] {Threei} anyone else?
[15:27] {Threei} come on guys, easy play, and alerted well in advance
[15:27] {jfjf64} ty ty
[15:27] {larisa} I was waiting for 1 more bar:)
[15:27] {nemo} knife catcher Vad
[15:27] {Threei} lol
[15:28] {Threei} nah, not really
[15:28] {jfjf64} in .57 out .71
[15:28] {Threei} clean nice capitulation right into support
[15:28] {jfjf64} slipp on way out
[15:28] {Threei} .57?
[15:28] {Threei} wow
[15:28] {Threei} that's high
[15:29] {jfjf64} i know prints not good
[15:29] {Threei} out BACbe careful jf, on capitulatory selloff you don't have much room
[15:29] {Threei} umm
[15:29] {Threei} that was two sentences in one
[15:29] {Threei} let me try again
[15:30] {Threei} be careful jf, on capitulatory selloff you don't have much room
[15:30] {Threei} one
[15:30] {Threei} anotyher:
[15:30] {Threei} out BAC .25
[15:30] {jfjf64} nice
[15:34] {Threei} as always, I have zero patience for these plays
[15:34] {Threei} WFC was worth over 50 cents
[15:34] {Threei} BAC 20
[15:35] {jfjf64} hmm
[15:35] {dino} bwld stop to .72
[15:36] {dino} slipped ave .67, +.13
[15:37] {dino} holx to .18
[15:37] {dino} out +.08
[15:38] {vinod} bac in 0.15 out .30 late to report
[15:38] {dino} gpro l; .51
[15:38] {Threei} wtg vinod
[15:39] {Threei} not too bad for vene vidi vici style of trading
[15:39] {vinod} no wfc
[15:40] {vinod} can't use chart like you guy do
[15:40] {Threei} what's chart?
[15:42] {vinod} something like that
[15:42] {Threei} JPM
[15:42] {Threei} CONFIRMS TO HOLD INVESTOR CONFERENCE CALL TO DISCUSS RESULTS FROM SUPERVISORY CAPITAL ASSESSMENT PROGRAM
[15:46] {dino} out gpro .63, +.12
[15:46] {Threei} dino, stop it
[15:46] {Threei} you are encroaching on my teritory
[15:47] {Threei} you do your +.90 plays, I'll do my +.12
[15:48] {dino} fine!
[15:49] {wulff} night all
[15:49] {Threei} take care wulff
[15:49] {dino} cya wulf
[15:50] {fernp} good evening everybody, see u tomorrow
[15:50] {Threei} fern :)
[15:51] {dptl} have a good evening all
[15:51] {vinod} good evening and see you tomorrow
[15:51] {Threei} dp, vinod :)
[15:51] {Threei} am I staying here to turn the lights off??
[15:51] {jfjf64} enjoy
[15:51] {jfjf64} im with ya
[15:55] {Threei} okay guys, no slightest desire to push anything on last minutes
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {magoo} ty vad
[15:56] {larisa} later :)
[15:56] {jfjf64} later

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