Monday, June 8, 2009

Jun 08 2009

One word: boring


Session Time: Mon Jun 08 00:00:00 2009

[08:06] {Threei}  MITI Blinatumomab Achieves Primary Endpoint in Phase 2 Study with Acute Lymphoblastic Leukemia Patients
[08:06] {Threei}  - Announced that the German Multicenter ALL Study Group (GMALL) presented phase 2 clinical data
[08:34] {vinod} good morning--nemo
[08:35] {nemo} vinod :)
[08:35] {Threei}  vinod, nemo :)
[08:36] {vinod} good morning vas i though it is early for you?
[08:36] {vinod} lets make it best week ever!!!!!!!!
[08:37] {KSystems} Good morning
[08:38] {Threei}  KS :)
[08:38] {nemo} morgen
[08:38] {Threei}  I like the red vinod
[08:38] {Threei}  we need pullback
[08:38] {Threei}  this slow creep leaves too few opportunities
[08:39] {cosmo} unless you like naps...
[08:39] {vinod} This Sunday I fixed some server at PMTI, their new product going to fly sold by J&J
[08:39] {Threei}  I don't... neither I dislike them... they are natural part of life
[08:41] {vinod} lost connection
[08:41] {cosmo} natural?  ....k   ...so be that way then...
[08:50] {pita} morning all
[08:50] {Threei}  pita, larisa :)
[08:51] {larisa} good morning :)
[08:51] {pita} happy Monday
[08:52] {Threei}  what's with SLM
[08:52] {Threei}  I don't see anything fresh
[09:03] {Threei}  20 min ago:
[09:03] {Threei}  ANPI Granted FDA 510(k) clearance of the Option Inferior Vena Cava Filter
[09:03] {Threei}  - FDA has granted 510(k) clearance for the Option Inferior Vena Cava (IVC) Filter in the United Stat
[09:06] {ese} good morning
[09:07] {Threei}  ese :)
[09:07] {ese} things are lookin down....how glum
[09:09] {fernp} good morning all
[09:09] {ese} fern
[09:09] {Threei}  fern :)
[09:18] {vinod} Little bear market inside bear market rally of a bull market—something like that going on
[09:19] {Threei}  lol
[09:19] {nemo} that hurts trying to think about it
[09:19] {ese} hmmmm news seems slightly up Canadian housing starts ..slightly up...Janpanese Bankrupcies...slightly down...Swiss unemployment ...slightly down etc etc....
[09:19] {dino} gm all
[09:19] {Threei}  dino :)
[09:19] {ese} dino
[09:19] {nemo} dino :)
[09:19] {ese} most everthing on the positive side
[09:19] {pita} hey dino
[09:21] {vinod} everything is not worse than expected
[09:21] {dino} :)
[09:22] {ese} indeed
[09:22] {Threei}  (CA) Reportedly Province of Ontario to issue USD 5-year benchmark bond
[09:25] {Threei}  watching SLM and ANPI
[09:28] {Threei}  IMF's Strauss Kahn: Are moving ahead to build early warning system that will be used to avoid future crises (related EUR/USD )
[09:28] {Threei}  good luck
[09:28] {Threei}  VITA Receives FDA Clearance for CORTOSS Bone Augmentation Material in Treatment of Vertebral Compression Fractures (4.39, 0.00, 0.00%)
[09:29] {Threei}  halted
[09:33] {Threei} Long Setup:  ARQL  .54 half lot
[09:34] {Threei}  if stays above .35
[09:34] {nemo} How do you play that, try to catch it as .54 is about to break?
[09:34] {Threei} Long Setup:  SLM  .40 break
[09:34] {Threei}  if stays above .30
[09:34] {Threei}  yes, trying to hit as .54 starts scrolling
[09:35] {Threei}  not being first to buy
[09:35] {Threei}  modify SLM
[09:35] {Threei}  .36 long
[09:36] {Threei}  double bottom aggressive play with very tight stop ubnder .30
[09:36] {Threei}  invalidated
[09:37] {ese} fitb going against the grain
[09:37] {nemo} dino...ceph
[09:37] {jfjf64} luv it ese   .12  long
[09:38] {jfjf64} mornin all
[09:38] {Threei}  jf :)
[09:38] {ese} i;m thinkin .10
[09:38] {dino} ceph, not thrilled was down hard friday so...
[09:39] {ese} nice litle consolidation here
[09:39] {jfjf64} in
[09:39] {ese} L .11
[09:39] {dino} wynn, bwld, joyg
[09:39] {ese} out .19
[09:39] {jfjf64} half oot
[09:40] {Threei}  double bottom setup is back on SLM, only stop would have to be under .25
[09:40] {ese}  on 5k
[09:40] {nemo} beak VAD?
[09:40] {Threei}  good job
[09:40] {ese} nice jf
[09:40] {nemo} break
[09:40] {Threei}  same .36 trigger
[09:40] {ese} +.08
[09:40] {nemo} k
[09:41] {ese} 5k
[09:41] {jfjf64} nice
[09:41] {ese} nice source of income this stock
[09:41] {ese} are you out jf?
[09:41] {jfjf64} n
[09:42] {jfjf64} yes now
[09:42] {ese} good one
[09:42] {jfjf64} +.10   +.03
[09:42] {Threei}  SLM Strength attributed to positive pre-market note from William Blair analyst (7.35, 0.74, 11.20%)
[09:43] {ese} nicee
[09:43] {jfjf64} slm  turn
[09:44] {jfjf64} ty ese   brought  it to  field   
[09:46] {ese} field of battle?
[09:46] {jfjf64} get ready slm
[09:48] {jfjf64} .35 bein stubborn
[09:48] {Threei}  good
[09:48] {Threei}  reinforces the trigger
[09:49] {nemo} in
[09:49] {jfjf64} in
[09:49] {nemo} did I boo boo
[09:49] {nemo} ?
[09:50] {Threei}  ??
[09:50] {Threei}  irt broke, didn't it
[09:50] {nemo} yeah, I'm in
[09:50] {Threei}  so what';s the problem?
[09:50] {nemo} history
[09:50] {nemo} :)
[09:52] {dino} palm
[09:53] {Threei}  Sunday, June 07, 2009 6:42:17 PM
[09:53] {Threei}  Palm, Inc MSNBC comments on early demand trends for the "Pre" released exclusively for Sprint this weekend
[09:53] {Threei}  - According to MSNBC, the lines were much shorter than those that developed around Apple stores for its first iPhone 2 years ago.
[09:53] {Threei}  - A Sprint spokeswoman said late Saturday that Sprint had sold out of Pre phones at a number of different locations around the US and that the company was doing its best to restock stores.
[09:53] {Threei}  A related report from mocoNews.net noted that hours after the Pre went on sale on Saturday, retailers started reporting shortages of the devices and were adding customers to waiting lists.
[09:53] {Threei}  - mocoNews.net added that one report disclosed that 1 Sprint store in San Francisco sold 60 Pre devices within 2 hours.
[09:54] {dino} good news is bad i guess
[09:55] {Threei}  well, at the same time:
[09:55] {Threei}  ** Note, weekend FT report cites early positive reviews from critics, but also sees entering a "crowded" smartphone market from a "standing start" as a big challenge. Report mentions marketing and "app store" development costs falling on the company; also sees success of the launch being hindered by exclusivity to Sprint, which is perceived as 2-nd tier in quality wireless network. Suggests the initial report on demand for Pre could determine if the company will remain independent or be acquired by a larger smartphone player
[09:55] {ese} whats this device?    phone?
[09:55] {Threei}  yeah
[09:55] {Threei}  no worky SLM
[09:56] {Threei}  startyed climbing nicwely, then fell off a cliff
[09:56] {pita} head fake?
[09:57] {Threei}  no idea
[09:58] {pita} q's also down
[10:00] {jfjf64} slm?????????
[10:00] {Threei}  ???????
[10:00] {nemo} got faked oub by that retest
[10:00] {ese} l fitb .18
[10:01] {Threei}  VITA opens
[10:02] {Threei}  not much enthusuasm on it
[10:02] {nemo} frickin slm
[10:03] {Threei}  shakeout
[10:04] {nemo} yeah, double bottomed on us
[10:04] {ese} out fitb ..24
[10:04] {ese}  =}06
[10:04] {ese} +.06
[10:04] {fernp} gj ese
[10:04] {ese} tks
[10:05] {ese} me thinks this could shoot for the stars today
[10:05] {ese} opps missednext entry
[10:06] {Threei}  US Congressional Replicans reportedly oppose the 'public option' for health care (related IYH )
[10:10] {Threei}  US Congressional Republicans formally declare opposition to the 'public option' for health care in letter to President Obama
[10:10] {Threei}  - state that public option will harm private coverage
[10:10] {nemo} ceph dino
[10:10] {dino} sm l pnra .05
[10:11] {dino} not liking it nemo
[10:11] {dino} sm l titn .25
[10:11] {nemo} no, it moved alot this morning
[10:11] {nemo} stops dino
[10:12] {ese} waitin on fitb pullback
[10:12] {dino} titn .97, pnra .73
[10:12] {dino} fdo holds well
[10:12] {pita} to where ese, fitb?
[10:12] {dino} i want palm l, not sure where
[10:13] {ese} not sure pita
[10:14] {ese} .just above .20 i'm thinkin
[10:16] {ese} l fitb .25
[10:17] {dino} mkt not cooperating
[10:18] {dino} enoc drop, thinny
[10:18] {dino} kirk
[10:19] {Threei}  SLM{ that was rude
[10:19] {dino} hans watch, was down 4 0r 5 friday
[10:21] {dino} pru
[10:22] {ese} out fitb .30
[10:22] {dino} titn stopped -.29
[10:23] {ese} +.05 smaller 3k
[10:27] {Threei}  HRAY Shares halted; news pending
[10:31] {Threei}  VNDA Hearing shares trading higher on the back of takeover chatter -thestreet.com (13.40, 0.50, 3.88%)
[10:32] {Threei}  contemplated 13 break long just a few min ago
[10:33] {dino} pnra stop to .45
[10:35] {dino} to .49 mkt falling
[10:37] {dino} out pnra .47 ave., +.42
[10:40] {dino} vrsn
[10:40] {nemo} look at pnra dino, hit your stop and turned
[10:41] {dino} yeah, i see it too tight
[10:41] {dino} vrsn sm l .94
[10:42] {nemo} stop lod dino
[10:42] {dino} .72 imo
[10:44] {ese} could be a good up day today....
[10:45] {nemo} slm  really rude
[10:46] {Threei}  no kidding
[10:46] {Threei}  this thing turns into runner
[10:46] {Threei}  let's trail ARQL stop to under .45
[10:46] {Threei}  don't like the way it stalled
[10:47] {dino} dxcm
[10:47] {dino} ?
[10:48] {Threei}  nothing fresh
[10:49] {Threei}  CNBC mention
[10:51] {ese} L fitb. 36  aggressive entry
[10:52] {jfjf64} .40 for me ese   lets go
[10:52] {ese} this will break....just a matter of time
[10:53] {jfjf64} fas goin
[10:54] {Threei}  FITB doesn't follow this time
[10:54] {jfjf64} weird
[10:56] {dino} vrsn stopped -.22
[10:56] {ese} yup
[10:57] {ese} i'm small 1500 so my stop is a litle wider
[10:58] {ese} break of .40 is still a good bet here
[10:58] {jfjf64} thinkin .35 now   with  fas
[10:58] {Threei} Short Setup: CAT  .40 break
[10:59] {jfjf64} in cat
[10:59] {nemo} in where stop
[11:00] {Threei}  for scalp, above .50, for day trade above .60
[11:02] {vinod} in cat
[11:03] {Threei}  low volume on bounce
[11:04] {vinod} nemo kick CAT to go under 37
[11:04] {Threei}  As many as nine banks could be on the short list to return TARP funds - CNBC (related XLF )
[11:05] {jfjf64} vad  banb this cat over head
[11:05] {Threei}  my quotes stalled
[11:06] {Threei}  where is it now?
[11:06] {nemo} .41
[11:06] {nemo} .42
[11:06] {nemo} .43
[11:06] {dino} cat 37.43
[11:06] {nemo} 44
[11:06] {nemo} 43
[11:07] {nemo} 43
[11:07] {nemo} 42
[11:07] {Threei}  restored now
[11:07] {Threei}  asheesh SLM
[11:07] {Threei}  1:1 for scalpers CAT
[11:08] {nemo} ty
[11:08] {fernp} ty
[11:08] {jfjf64} ty
[11:08] {Threei}  everyone's scalper?
[11:08] {vinod} ty
[11:08] {Threei}  sigh
[11:08] {nemo} today not too clear yet
[11:09] {Threei}  I know exactly what time it's going to become crystal clear
[11:09] {nemo} never
[11:09] {Threei}  why... 4 pm EST
[11:13] {vinod} short CAT again?
[11:14] {dino} pru sm l .45
[11:15] {jfjf64} cof .60  long
[11:15] {dino} fdo sm l .60
[11:15] {Threei}  not sure vinod
[11:15] {Threei}  kind of 50/50
[11:15] {dino} joyg
[11:21] {dino} joyg sm l .55
[11:22] {nemo} stop on joyg dino?
[11:23] {dino} .23
[11:31] {Threei}  Goldman US Economist: Worst of US banking crisis is 'clearly over'; banks may need to recognize $500B in additional losses
[11:31] {Threei}  - Comments that the Fed is not anywhere near raising interest rates; deflation risks higher than that of inflation risks
[11:31] {Threei}  - Sees rates remaining 'extraordinarily low'
[11:33] {Threei}  11:19 HRAY Shanda Interactive to take 51% stake in company; at $4/ADS; valued at $46.2M
[11:33] {Threei}  - The offer price represents an approximately 25% premium over Hurray!''s closing price on
[11:34] {nemo} looks like scalpin was the thing to do on cat
[11:34] {Threei}  obviously
[11:35] {nemo} Can I put the "O" on my chest?
[11:35] {Threei}  not that I am against scalping as you know... but I have to express obligatory disgust with pesky scalpers
[11:36] {nemo} natural reaction
[11:37] {ese} my fitb stop is .15 jf....whats yours
[11:41] {Threei}  SLM dive
[11:42] {Threei}  under .60 should be interesting for a bounce
[11:43] {Threei}  did it actually go there or it was out of bounds print?
[11:44] {nemo} tail on candle goes to .55
[11:44] {Threei}  I see tail, I didn't want prints at the moment while typed alert
[11:44] {nemo} two different sources
[11:44] {Threei}  so not sure it actually went there
[11:44] {Threei}  didn't watch
[11:44] {nemo} I checked charts from two different sources, went there
[11:45] {Threei}  sigh
[11:45] {Threei}  read what I am saying nemo :)
[11:45] {Threei}  chart may not be the answer
[11:46] {nemo} I understand.  I was just saying from two different data feeds there was evidence of transactions below .60  I didn't look for prints
[11:46] {Threei}  let it drop under .60 and look for it to stabilize near .50 or lower
[11:46] {Threei}  alternatively, if never loses .60, .67 becomes long trigger
[11:48] {Threei}  if you have out of bounds print at .55 while bids and offers never actually went there, it can be dismissed, even though it will be reflected by chart as a tail
[11:48] {Threei}  that's the reason for my question, not the doubt in tail's existence
[11:48] {nemo} understand
[11:48] {nemo} I think
[11:49] {dino} mnkd
[11:50] {dino} vrsn slow death drop
[11:53] {dino} pru stop to b/e mkt fall
[11:54] {dino} wow mnkd
[11:55] {nemo} cat short?
[11:56] {Threei}  toughie
[11:59] {fernp} my 1:1 on SLM is here. TY Vad
[11:59] {Threei}  :)
[12:00] {Threei}  took it near .60?
[12:00] {fernp} .61
[12:00] {dino} palm sm l .60
[12:03] {ese} stopped .15 -.21 quel drag!
[12:04] {dino} joyg stopped
[12:04] {ese} ohhhh welllll.....sometimes you are the bug.....sometimes you are the windshield
[12:05] {dino} lots of stops today
[12:05] {dino} tndm blood
[12:11] {Threei}  CAT starts shaping up a bit better
[12:11] {Threei}  if we get market breakdown, .60 break short
[12:11] {Threei}  ideally, would like to see CAT staying under .70
[12:13] {dino} pru stopped flat
[12:17] {Threei}  President Obama: Moderate pace of job losses in May is one sign of economic improvement (related EUR/USD TLT SHY )
[12:19] {ese} am back.......
[12:23] {nemo} stop on cat?
[12:24] {Threei}  above .70
[12:24] {nemo} yep
[12:26] {pita} cu all later
[12:26] {Threei}  take care pita
[12:27] {nemo} stopped
[12:30] {nemo} rude cat
[12:36] {Threei} Long Setup:  FITB  .16 if stays above .10
[12:41] {nemo} lower highs lower lows on cat with market climbing
[13:04] {dino} vrsn last try sm l .90
[13:07] {fernp} 1:1 FITB ty Vad
[13:08] {Threei}  FITB 1:1
[13:08] {Threei}  fern :)
[13:08] {ese} nice fern.....
[13:08] {ese} nice vad
[13:08] {Threei}  that was 'ese call", ese
[13:08] {Threei}  for many little buggers
[13:08] {ese} cool.....i am loved
[13:09] {dino}  gj
[13:10] {ese} and on that note i have to bid you all farewell....off to the unreal world
[13:10] {dino} pru sm l .49
[13:10] {Threei}  lol... take care ese
[13:11] {dino} cya es
[13:11] {nemo} ese
[13:19] {Threei}  who is partialling out FITB, stop to under .20
[13:27] {Threei}  (US) San Francisco Fed: A jobless recovery is a plausible scenario
[13:27] {Threei}  ummmm
[13:27] {Threei}  okay...
[13:28] {Threei}  World Bank's Zoellick: Unclear where demand will come from to support global recovery; no need to add additional stimulus to worldwide economy
[13:28] {Threei}  from Mars?
[13:35] {dino} latvian debt crisis, failed to sell a single bill at treasury auction worth $100million
[13:35] {nemo} Iceland II
[13:36] {Threei}  yeah
[13:36] {Threei}  sad
[13:36] {Threei}  beautiful country
[13:36] {dino} eastern eurtopean debt crisis in making perhaps, keep in mind western eirope holds lots of that stuff
[13:37] {dino} rinse day, look at joyg, titn, pru
[13:37] {Threei}  Riga is one of my favorite cities
[13:37] {Threei}  amazing character
[13:43] {dino} enoc sm l .02 thin one
[13:48] {Threei}  ARUN decided to continue
[13:48] {Threei}  tough one, so slow
[13:49] {dino} palm stop to .89
[13:49] {dino} out +.29
[13:53] {Threei}  wtg
[13:56] {dino} ty
[14:06] {jfjf64} bk wkin  in anythn vad
[14:08] {Threei}  what?
[14:08] {larisa} lol
[14:09] {larisa} just say no vad
[14:09] {Threei}  kay
[14:09] {Threei}  no
[14:09] {jfjf64} i was away   are  we  in anythin
[14:09] {Threei}  no
[14:09] {Threei}  FITB played out
[14:09] {jfjf64} ty larissa
[14:09] {larisa} :)
[14:10] {jfjf64} :)
[14:11] {jfjf64} im watchin cof  anytin there vad
[14:14] {Threei}  nah
[14:15] {jfjf64} i agree
[14:18] {dino} vrsn stopped done w/it
[14:29] {Threei}  time to start measuring the degee of day's boredom in bruises on the chin
[14:30] {Threei}  today is about three ruises
[14:30] {Threei}  bruises
[14:30] {Threei}  XOMA Hearing Wedbush making positive comments (timing uncertain)
[14:35] {dino} out pru .79, +.30
[14:38] {dino} gtls
[14:44] {Threei}  SLM... hmmm
[14:44] {Threei}  oh
[14:44] {Threei}  Cramer
[14:44] {dino} sm l gtls .05
[14:45] {Threei}  {--- quietly back away
[14:45] {nemo} back away from what?
[14:45] {nemo} slm
[14:45] {nemo} ?
[14:45] {Threei}  what else did I talk about??
[14:46] {nemo} Just avoiding assuming
[14:46] {nemo} confirming
[14:46] {nemo} it'll be a nice short soon
[14:46] {dino} bcpc
[14:46] {Threei}  well... if I talk about SLM, it's not a very big leap of faith to assume that I mean SLM {G}
[14:46] {vinod} I shoeted CAT at 27.98
[14:47] {vinod} 37.98
[14:47] {nemo} I was going to say, did you cover?
[14:48] {vinod} will cober at 38.10
[14:51] {vinod} doesn't look good, so much for my skill
[14:51] {nemo} what's your stop?
[14:51] {nemo} oh yeah
[14:51] {nemo} nevermind
[14:52] {nemo} sfsg vinod
[14:59] {Threei}  (US) California Gov Schwarzenegger issues executive order cutting state budget; state cannot meet payment obligations after 7/29
[14:59] {Threei}  - state to eliminate funding for all contracts entered into after March 1;
[15:00] {Threei}  cuts exclude public safety funding.
[15:00] {Threei}  - also requires govt departments to submit budget plans that reduce future spending on contracts by a minimum of 15%.
[15:03] {nemo} mmmmmhhh...maybe slm is a good short now...it used to take a few days for a cramer comment to pull back
[15:04] {dino} lol
[15:08] {nemo} interesting action in gtls
[15:09] {dino} :)
[15:12] {dino} stop to .46
[15:13] {dino} to .50
[15:14] {dino} to .59
[15:15] {dino} slipped ave .58, +.53
[15:15] {Threei}  15 points NQ whole day range
[15:15] {nemo} I think you said that Friday?
[15:17] {Threei}  arre we alloed to have just one 15 points range day a year?
[15:17] {nemo} just remarking
[15:20] {vinod} look likw we will closed green
[15:22] {Threei}  possibly... but I don't really see candidates to trade
[15:22] {dino} not mucvh today
[15:23] {dino} ppt in action
[15:24] {vinod} ys, big buy order
[15:30] {nemo} that
[15:31] {nemo} that's impressive...slm retrace 76% of the Cramer Effect
[15:32] {dino} oiut enoc .42, +.40
[15:33] {dino} fdo to .90out fdo .91, +.31
[15:33] {dino} all day for 31 cents sheesh
[15:34] {nemo} basically $50/hr...pitiful
[15:34] {dino} lol
[15:36] {vinod} today I am 0/hr. should have gone long CAT at 37.30
[15:37] {larisa} like vad said, closer to 4 pm, clearer it gets :)
[15:38] {patience} down day for me, 1 trade....summer is here
[15:39] {nemo} me too 1 for 3
[15:40] {dino} up here but 200 light
[15:40] {vinod} tomorrow vad need to broadcast before 9.or forecast. no more closer to 4.00
[15:40] {dino} 6 stops 
[15:41] {Threei}  I caan tell you today
[15:41] {Threei}  tomorrow we will start with gap down but finishin green
[15:41] {larisa} how green ?
[15:41] {Threei}  light green
[15:41] {patience} god spoke to you vad?
[15:42] {vinod} tomorrows foreast can't be broadcast today
[15:42] {dino} vad is from the future
[15:42] {nemo} $200 light...you mean below target?
[15:42] {dino} yes
[15:43] {larisa}  you have $ target for a day? i wanna know how it works :)
[15:43] {nemo} $200 short on $20k, statistical :)
[15:43] {larisa} or it just mean once it met you go easy ?
[15:44] {dino} i want to average $700/day ,. i have been averaging under lately, roughly $550/day 
[15:44] {dino} yes once over 700, i get very stingy
[15:44] {larisa} got it
[15:45] {dino} nice thing tho, up 33 of 35 trading days
[15:45] {larisa} what your ave size dino ?
[15:45] {larisa} good job!
[15:45] {patience} very nice dino
[15:46] {dino} 400 mostly, friday afternoons in scalp mode to 1000; and really thin/wild ones 300
[15:46] {larisa} ty
[15:46] {dino} np, i trade small compared to most. but works ok for me
[15:47] {Threei}  will watch ARUN tomorrow
[15:47] {dino} i just need more trades
[15:47] {larisa} smaller lets you go for bigger risk/rewards and do not sweat
[15:48] {dino} yes, wider stops than most, plus i average roughly 1:1.5
[15:49] {dino} as 3i will tell you, a million ways to trade, find what works for your style/edge
[15:49] {larisa} I scalped VRSN today, did not want to tell you sinse it did not work for you, got .15. thanks
[15:50] {dino} oh, the wider stop is in cents, average loss is usually under $150
[15:50] {dino} gj larisa
[15:50] {larisa} lately big losers bounce late in the day
[15:50] {dino} good market fr my style
[15:51] {vinod} see you all tomorrow
[15:51] {dino} cya vin.
[15:51] {Threei}  Clinton on TV
[15:51] {dino} i have to go too, baseball game w/son
[15:52] {larisa} later :)
[15:52] {Threei}  nothing imnportant
[15:52] {Threei}  sharp drop FITB
[15:52] {Threei}  well, in tgerms of its todays range anyway
[16:00] {larisa} have a good evening all
[16:00] {nemo} gnite
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {fernp} good evening all

Friday, June 5, 2009

Jun 05 2009

Intraday hasn't presented many opportunities so the day was mostly done hanks to two overnight holds, XOMA and ARUN, both of which performed admirably

Session Time: Fri Jun 05 00:00:00 2009

[08:04] {Threei}  Good morning
[08:04] {Threei}  liquidated 4K XOMA
[08:04] {nemo} haroo
[08:04] {Threei}  1K left
[08:04] {Threei}  nice start of the day, +1,252
[08:04] {nemo} wow.what price
[08:05] {Threei}  1.40 - 1.44
[08:05] {nemo} guess I should have gone for a trade instead of a scalp
[08:05] {Threei}  it had all the makings of much more than a scalp
[08:06] {Threei}  13:32] {Threei} XOMA
[08:06] {Threei}  [13:32] {Threei} possibly for overnight hold
[08:06] {nemo} I remember, just shook me out on the scalp try
[08:06] {tomg} took xoma with you, vad, ty
[08:06] {Threei}  tom :)
[08:07] {Threei}  y second overnight, ARUN... just one little print but +.37
[08:07] {tomg} took arun, too
[08:07] {Threei}  let's hope this one repeats the XOMA performance
[08:08] {nemo} well, if futures are any indication, sky's the limit today
[08:10] {Threei}  whole bunch of numbers at 8:30
[08:10] {tomg} heb vad?
[08:11] {Threei}  I don't see fresh news n it
[08:13] {Threei}  there is application by HEB at FDA for a drug
[08:13] {Threei}  was delayed couple times
[08:13] {Threei}  should be decided upon any day
[08:14] {Threei}  so I guess it runs on specualtion that FDA nods
[08:14] {tomg} k, ty
[08:17] {Threei}  GMGMQ OPEL plans no US launch for models following Magna deal
[08:17] {Threei}  of course not
[08:18] {Threei}  US will be getting little green cars who no one will want to buy
[08:18] {magoo} morning
[08:19] {Threei}  hey mags
[08:19] {magoo} :)
[08:19] {magoo} news this morn that steve jobs retuyrning to ctive duty @ AAPL
[08:19] {magoo} active
[08:21] {nemo} should we be ready to trade anything if the jobs report is favorable/unfavorable?
[08:22] {Threei}  I don't undertand the question
[08:22] {Threei}  something sets up, we play
[08:22] {Threei}  nothing does, we don't
[08:25] {vinod} GM
[08:25] {Threei}  vinod :)
[08:26] {tomg} gnbt?
[08:27] {Threei}  nothing fresh, general bio mania
[08:27] {vinod} HEB flying again
[08:27] {Threei}  yeah
[08:27] {Threei}  one can take only so many stocks overnight
[08:28] {tomg} ty, out nvax yesterday 3.20, ty for help
[08:28] {Threei}  :)
[08:30] {Threei}  MAY CHANGE IN NONFARM PAYROLLS: -345K V -520KE; CHANGE IN MANUFACTURING PAYROLLS: -156K V -150KE
[08:30] {Threei}  - Prior nonfarm payrolls revised from -539K to -504K
[08:30] {Threei}  MAY AVERAGE HOURLY EARNINGS M/M: 0.1% V 0.1%E; AVERAGE WEEKLY HOURS Y/Y: 33.1 V 33.2E
[08:30] {Threei}  - Average Hourly Earnings Y/Y: 3.1% v 3.1%e
[08:30] {Threei}  *MAY UNEMPLOYMENT RATE: 9.4% V 9.2%E
[08:31] {nemo} guess the recession is over
[08:34] {fernp} good morning
[08:34] {Threei}  fern :)
[08:34] {magoo} feels like mkts want to rip today
[08:46] {nemo} yeah, those job reports blew the futures right through the roof
[08:47] {Threei}  PIMCO's Bill Gross: Expects unemployment numbers to peak in Nov or Dec, doesn't expect Fed to raise rates any time soon (related EUR/USD TLT SHY )
[08:50] {Threei}  Reiterates that monthly job growth of 200K is needed to keep unemployment stable with new workers
[08:50] {Threei}  so far my XOMA exit looks brilliant
[08:50] {Threei}  although it can easily make me look stupid later on, lol
[08:51] {nemo} money in the bank...not stupid
[08:51] {nemo} well...figuratively...money in a bank can be very stupid
[08:58] {pita} greetings
[08:58] {Threei}  pita :)
[09:00] {chinggis} goodmorning
[09:01] {Threei}  chinggis :)
[09:03] {ese} good morniing.....ok thats a good vad....the grass is greener on the other side....funny
[09:03] {ese} good one
[09:09] {larisa} good morning :)
[09:10] {ese} I think vad is in the exercise room larisa
[09:10] {Threei}  ese, larisa :)
[09:11] {larisa} :)
[09:11] {ese} morning vad
[09:11] {Threei}  OK, dumped my ARUN +.30
[09:11] {Threei}  whole 1K
[09:11] {Threei}  XOMA exit looks better and better by the minute
[09:11] {Threei}  can I go home?
[09:12] {pita} @ 4pm Eastern
[09:13] {ese} i'm long Fitb .14 from end of day yesterday well ...i think about 3 ish
[09:13] {pita} I'm late this morning - looks like I've missed somethings again.......
[09:13] {Threei}  nice ese
[09:13] {pita} congrats ese
[09:14] {Threei}  pita, two overnight holds... XOMA and ARUN
[09:14] {Threei}  [15:55] {Threei} okay guys, I am doing what I haven't done in ages
[09:14] {Threei}  [15:56] {Threei} taking home not one but two stocks
[09:14] {Threei}  [15:56] {Threei} XOMA and ARUN
[09:14] {Threei}  [15:56] {Threei} XOMA is padded by selling half at 1:1
[09:14] {Threei}  [15:56] {Threei} ARUN is not
[09:14] {Threei}  [15:59] {Threei} bth broke 52 week highs and finish at the day high
[09:14] {Threei}  [16:00] {Threei} just in case something happens after the close, putting them for sale: XOMA at 1.45 and ARUN 7.25
[09:14] {pita} I've gotta figure out how to stay with this all day
[09:14] {Threei}  got 1.40 - 1.45 for 4K XOMA this morning and 7.30 for 1K ARUN
[09:15] {pita} very sweet
[09:16] {pita} but what have you done for me lately?  :)
[09:16] {Threei}  {--- crying, clamming up, moving to Tibet, enrolling in monastery
[09:19] {nemo} Now, now, Vaddy, don't let the Pain In the A.. hurt your fragile feelings.  PITA how could you do that to such a sensitive soul.....gag...puke...cough
[09:19] {pita} where's my crying towel?
[09:20] {ese} ahhh morning pita....nothing big.......all the good news in banks so i thought that i would get into fitb at the end of the day yesterday
[09:20] {Threei}  shhh nemo, don't spoil it for me... I just found all-female monastery
[09:20] {ese} it was more like 3 oclock
[09:20] {nemo} Whoa...let's go, I'm outta' here
[09:21] {ese} huh   really?
[09:22] {pita} anything left in FITB ese?
[09:23] {dptl} good morning all
[09:23] {Threei}  dp :)
[09:24] {vinod} sell on news, expecting market to go down by day end
[09:24] {jfjf64} mornin
[09:24] {Threei}  jf :)
[09:24] {Threei}  what news vinod?
[09:25] {nemo} jobs?
[09:25] {Threei}  oh
[09:25] {vinod} employment--they run upto it
[09:25] {ese} yes a couple of lots pita
[09:27] {pita} that's a big smile - good way to start the day for you and Vad.
[09:31] {dino} gm all
[09:32] {Threei}  dino :)
[09:32] {nemo} dino :)  hey, cah popped a bit then circled the drain
[09:32] {nemo} It's at 30.20 now
[09:32] {dino} tough one
[09:33] {dino} 29,30s is support last 2 days
[09:33] {nemo} oh yeah, woulda' been a head fake
[09:33] {vinod} vad-few day ago you mention TELK
[09:33] {dino} esi
[09:33] {dino} apol
[09:33] {dino} not participating, getting close to 89s on esi again. 
[09:34] {nemo} oooh apol.  yeech
[09:34] {Threei}  yes vinod
[09:34] {dino} you do realize 60k in jobs are these temp census takers
[09:34] {_traderw} goodmorning
[09:35] {Threei}  traderw :)
06[09:35] * nemo slaps chinggis around a bit with a large trout
[09:35] {Threei}  OK, out last 1K XOMA b/e
[09:35] {Threei}  made out like bandit on 9K, what's the point in nutruring this last little piece
[09:35] {nemo} psychological rationalization?
[09:36] {Threei}  I elect to call it stop trailing
[09:36] {nemo} works for me
[09:36] {dino} gj in any case
[09:36] {Threei}  ty
[09:36] {nemo} yeah, he cleaned up
[09:37] {nemo} his shoulder must be killing him
[09:37] {Threei}  US) White House Econ Advisor Romer: The rise in bond yeilds seen as a sign that confidence is increasing
[09:37] {Threei}  nah, shoulder is just fine
[09:38] {Threei}  who took ARUN but never exited, it startes moving
[09:38] {Threei}  keep stop under 6.95
[09:38] {Threei}  risk is negligible
[09:38] {ese} fitb crossed yesteredays high
[09:38] {Threei}  GMCR new highs
[09:39] {Threei}  HEPH Strength attributed to positive chatter about a potential partnership with MRK
[09:40] {Threei}  sheesh... any mention is enough to explode another little bio name
[09:44] {Threei}  ARUN ar 1:1
[09:44] {Threei}  take half or take scalp
[09:44] {vinod} I got trap in TELK and couldn't get out looks o.k now 3k
[09:45] {Threei}  partial out into this spike vinod
[09:45] {vinod} o.k thanks
[09:45] {Threei}  TELK can be very treacherous
[09:47] {Threei}  BAC Hearing Jim Cramer making positive comments on BoA, saying he " been warming up to this bank stock for quite some time" (12.00, 0.13, 1.10%)
[09:47] {vinod} out 1.37  in 1.06
[09:47] {Threei}  wtg
[09:47] {ese} out fitb .26 +.12
[09:47] {dino} gj guys
[09:48] {Threei}  hmmm... BAXC is dumping with market and not going with Cramer
[09:48] {Threei}  can market be bigger than Cramer??
[09:48] {Threei}  nah, it's silly
[09:48] {nemo} not his ego
[09:49] {ese} qqqq's tanking
[09:49] {dino} cramer kiss of death
[09:49] {fernp} fas tanking too
[09:49] {nemo} the C.K.D.
[09:49] {ese} naturally
[09:54] {dino} ceph
[09:55] {larisa} CAT nice bounces both ways today, 3 trades so far on it
[09:56] {larisa} {just trying to wake you guys up}
[09:57] {Threei}  watching WFC
[09:57] {Threei}  there should be a plaay in it
[09:57] {Threei} Long Setup:  WFC  .40 break if stays above .30
[09:58] {dino} sm risky l ceph .90
[10:00] {dino} fdo strange killed yesterday on upbeat report
[10:02] {Threei}  WFC setup is back
[10:05] {dino} ok open gaps filled
[10:06] {fernp} I hate WFC
[10:06] {Threei}  {WFC} oh don't say that :(
[10:07] {vinod} me too WFC
[10:07] {nemo} methree
[10:07] {larisa} tough one for me also, WFC, ignooring it mostly
[10:07] {Threei}  okay... what do you guys like?
[10:07] {larisa} you :)
[10:07] {vinod} money
[10:07] {nemo} vodka
[10:07] {larisa} lol
[10:07] {Threei}  rofl
[10:08] {dino} naked women
[10:08] {Threei}  I sholuld know better than ask such questions...
[10:08] {nemo} naked women are like fiat money...they come with liabilities
[10:09] {dino} when fate decides to destroy a man, she sends a woman
[10:09] {nemo} As I always say, if it weren't for them, we'd still be in the Garden of Eden
[10:09] {dino} no fun tho
[10:10] {nemo} Can't evaluate the result of a path not taken
[10:10] {vinod} why waiting Nemo
[10:10] {nemo} waiting for what?
[10:10] {Threei}  ARUN 1:2
[10:11] {vinod} path not taken take it and find out
[10:11] {tomg} have 100 left vad, good place to sell?
[10:11] {nemo} can't step in the same river twice Vinod
[10:11] {nemo} After we bit the apple, can't go back
[10:11] {dino} thats why i'm here vin
[10:12] {Threei}  I would put a stop under b/e at this point for the last piece tom
[10:12] {Threei}  and lwet it trade
[10:12] {tomg} ok, will do, ty
[10:13] {nemo} Vinod, nice call on the market...so far
[10:14] {vinod} I learn from vad--play price and play oposite to heards
[10:15] {dino} you da man vin, gj
[10:15] {dino} someday you will be "untrusting" like me
[10:16] {vinod} dino-i trust you more than Boss!!!!!
[10:16] {dino} untrusting of market/stock moves
[10:18] {dino} cah sm l .70 holding well imo nemo
[10:18] {vinod} see you after 13.30
[10:18] {Threei}  take care vinod
[10:19] {dino} cya vin
[10:19] {dino} esi sm l .01 risky
[10:22] {Threei}  RIMM, watch for quick pullback to .50 - .60 zone for entry
[10:24] {Threei}  no chance eh
[10:26] {pita} zippo
[10:27] {pita} if we hurry, can get 83.50  :)
[10:27] {Threei}  lol
[10:27] {Threei}  AAPL looks rather weak here
[10:27] {Threei}  starts feedling like short candidate to me
[10:28] {Threei}  feeling
[10:28] {Threei}  how about that
[10:29] {Threei}  RIMM sharp down
[10:30] {Threei}  still interested in ewntry in that zone
[10:30] {dino} esi out .39, +.39
[10:31] {dino} ceph stop to .20
[10:32] {dino} to .25
[10:32] {dino} stingy friday
[10:33] {Threei}  US Labor secretary: rumor of job data error is false
[10:33] {nemo} pay no attention to the man behind the curtain
[10:34] {nemo} nothing to see here...just move along
[10:34] {dino} gmcr slayer of shorts
[10:34] {dino} middle name must be buffy
[10:34] {nemo} had a huge short interest
[10:35] {dino} ceph stopped .25, +.35
[10:35] {dino} sm l pnra .25
[10:35] {magoo} l aa[l
[10:35] {magoo} here
[10:36] {magoo} .24
[10:38] {Threei}  GMGMQ Penske Outlines Proposed Deal for Purchase of Saturn
[10:38] {Threei}  - Seeking to acquire up to 350 dealerships
[10:38] {Threei}  - GM would continue production, on a contract basis
[10:39] {dino} pmti
[10:41] {dino} iclkr spike
[10:41] {dino} iclr
[10:43] {magoo} aapl no work
[10:43] {dino} cah hard time at 30.00 again
[10:44] {nemo} strong resistance
[10:44] {dino} stop to .90
[10:45] {jfjf64} vad wfc  break
[10:45] {dino} pnra as my daughter would say, trouble w/capital t at 52.50
[10:46] {Threei}  I donno jf, I am getting yelled at for calling WFC
[10:47] {larisa} lol
[10:47] {nemo} yeah, Vad starts thinking about WFC and it drops
[10:49] {dino} .lol
[10:52] {dino} cah to .99
[10:52] {dino} out +.29
[10:53] {nemo} whoa HEB did the Acapulco
[10:55] {Threei}  US VP Biden: Administration will announce plans on Monday to help increase the economic recovery for the summer
[10:55] {dino} pmti continues up
[10:56] {dino} ceph drops again
[10:56] {nemo} was there news on pmti?
[10:57] {dino} yes wrinkle eraser to otc status
[10:57] {nemo} go figure
[10:57] {Threei}  I don't see HEB news
[10:57] {Threei}  want to short it badly
[11:01] {dino} false hope on old data yahoo heb
[11:05] {dino} esi .00 v sm l
[11:06] {pita} nice call dino
[11:07] {dino} ty lucky
[11:09] {ese} L fitb .35 pullback
[11:09] {dino} pnra stop to .70
[11:19] {dino} pnra to .78
[11:21] {dino} out esi .60, +.60
[11:21] {larisa} gj
[11:22] {dino} pnra to .89
[11:22] {dino} ty larisa
[11:23] {dino} out pnra .90, +.65
[11:25] {dino} nemo you catch any of those 5
[11:26] {larisa} I did CEPH, but off the bottom and sold under 57. ty dino
[11:27] {dino} gj
[11:27] {dino} brb
[11:30] {ese} I think i'm in wrong.....thought that if fitb broke the high it might keep going.....hmmmmmm
[11:30] {ese} haven't hit the stop so we'll see
[11:32] {ese} just looked at your trade laris ....good job
[11:33] {larisa} sold early, but i always do that, no patience :)
[11:34] {dino} going to take a break and get a haircut, back in 30
[11:34] {ese} i sell early too on some runups....vad does portions 1/2 1/2, 1/3 1/3 1/3,   that may be an option
[11:36] {larisa} not for me, do not like partial in or out, just personal pref. 
[11:36] {Threei}  well, it's not like I always do that
[11:36] {Threei}  it's just that we are in market rally mode
[11:36] {Threei}  so I am trying to milk the moves more
[11:37] {larisa} I understand and it makes sense 
[11:39] {ese} ya.....i'm an all in all out type as well
[11:40] {ese} mostly because most of the trading i do now is scalping......05 .12 .08 etc etc...makes no sense to hang around for me
[11:41] {larisa} I only can read the stock for next several min and 10-15 cents possible. So i do that :) Can not  play big shares too, it makes me sick. So I am cheap scalper :)
[11:41] {ese} and of course....to not prove a point.....i'm not really scalping fitb right now
[11:41] {larisa} 1K is all i do, 500 on RIMM or AMZN
[11:41] {larisa} lol ese
[11:43] {larisa} I actually liked your entry on FITB, just time worked against the trade 
[11:58] {Threei}  IMMU Reports Updated Phase II Results of Low-Dose Veltuzumab for Immune Thrombocytopenic Purpura
[11:58] {Threei}  - 68% overall response rate in patients with immune thrombocytopenic purpura (ITP) treated with low ... (32.68, -3.87, -10.59%) more...
[11:58] {Threei}  a FEW MIN AGO
[12:00] {dino} .
[12:01] {larisa} nice haircut :)
[12:01] {Threei}  lol
[12:06] {dino} glad it pleases you ;)
[12:07] {larisa} I hope your hairdresser is as cute as mine. 
[12:08] {dino} barber shop, but she is cute
[12:37] {dino} hans
[12:37] {dino} i don't see any news on it
[12:39] {Threei}  neither do I
[12:40] {Threei}  (US) NBER: "Way too early" to call the end of recession in the US, although there are signs of stabilization
[12:40] {Threei}  - Notes it will wait "a long time" before declaring the recession over, unclear whether the economy is pausing in a longer term decline
[12:47] {Threei}  bios are taking a breather
[12:47] {ese} fitb missed my stop by a cent
[12:47] {Threei}  feels like we are to have more upward today
[12:47] {Threei}  so trying to see which sector is going to lead
[12:47] {jfjf64} lets wake um up
[12:48] {Threei}  let's
06[12:48] * Threei slaps laserdave around a bit with a large alarm clock
[12:48] {Threei}  ADBE consolidates near the high
[12:49] {dino} hans sm l .75
06[12:52] * magoo slaps laserdave around a bit with a large trout
[12:52] {laserdave} ye haw i ams getting somes attentions
[12:53] {Threei}  only as much as we need strawdog
[12:53] {dino} ye haw, that deserves a slap
[12:54] {Threei}  well?
[12:55] {Threei}  dino? what are we waiting for?? :)
[12:56] {dino} pmti little spike again
[12:57] {dino} sllllllllllllllllaaaaaaaaaaaaaappppppppppppiiiiiiiiiiiiiiinnnnnnnnng dave around
[13:00] {dino} pmti hod
[13:02] {Threei}  ADBE looks nicer and nicer
[13:02] {Threei}  let's be ready for market ramp-up if it comes, by defining setup on ADBE
[13:02] {Threei}  .33 is obvious long trigger
[13:02] {Threei}  observing where the support forms
[13:03] {Threei}  so far .22, ut let's consider it .20
[13:03] {dino} wow pmti
[13:04] {Threei}  wow indeed
[13:04] {dino} give me a top on it 3i
[13:05] {dino} 17.80s or 18.50
[13:05] {ese} see ya all.....have a great weekend....am off to a sound check for a show tonight..take care
[13:05] {dino} cya es
[13:05] {KSystems} take care ese, have fun
[13:05] {ese} see ya boyzzzza
[13:05] {Threei}  take care ese
[13:07] {larisa} PMTI all because of anti-wrinkle device ? :) people are so crazy
[13:07] {Threei}  why, because we men can't stand having wrinkles we are crazy??
[13:08] {larisa} of course, go read the book instead :)
[13:08] {Threei}  but that adds those eye-corner ones!!
[13:09] {dino} i think it needs to be shorted
[13:09] {pita} my wrinkles are beyond repair... and on that note, cu all Monday
[13:10] {dino} cya pita
[13:10] {Threei}  take care pita
[13:14] {dino} final leg
[13:19] {Threei}  tom, if you are here... and anyone who might still have ARUN
[13:19] {Threei}  at this point I would ytrail stop to under 7.20,
[13:19] {Threei}  and aimed to exit on a spike above 7.50
[13:35] {jfjf64} we in anythin vad    just  got  back
[13:35] {tomg} ty vad
[13:35] {Threei}  no jf
[13:35] {Threei}  tom :)
[13:36] {dino} hans stop is .47 fwiw
[13:37] {jfjf64} adbe??
[13:38] {Threei}  nah
[13:38] {jfjf64} ty
[13:38] {Threei}  invalidated, not reestablished
[13:56] {Threei}  this market's abil,ity to fall in coma for hours lately exceeds even mine
[13:57] {dino} i have to agree, mid afternoon has been slow
[13:58] {jfjf64} ya in wrong buiz   ya sd be  stand  up  comedian     lol
[13:58] {Threei}  I tried to pursue that
[13:58] {Threei}  guess what
[13:58] {Threei}  the only one who laughed was Seifled... and not with me, rather at me
[13:59] {dino} as long as there is laughter
[13:59] {jfjf64} correct
[13:59] {larisa} we suppose to know who Seifled is ?
[13:59] {Threei}  sigh
[14:00] {dino} ahhh, on that one, yes larisa
[14:00] {Threei}  SeiNfield... better?
[14:00] {larisa} sigh
[14:00] {Threei}  don't sigh at me... learn Threeish
[14:01] {larisa} no way
[14:01] {larisa} keep learning too many things, getting older, tired :)
[14:02] {Threei}  you mean you are over 23 now?
[14:03] {larisa} almost
[14:04] {dino} hans stop to .79out +.04 mkt drop don't like
[14:05] {Threei}  if market continues down... WFC .80 break short
[14:05] {Threei}  those who hate it - your chance to express it by shorting
[14:16] {fernp} have a good weekend all. see you on monday
[14:16] {Threei}  take care fern
[14:16] {dino} cya fernp
[14:38] {Threei}  ba bck in 15
[14:46] {dino} ogxi again
[14:46] {dino} ceph sm l .00
[14:51] {Threei}  why don't we just buy OGXI and forget abut it for a week
[14:52] {Threei}  it will go up forever anyway
[14:55] {dptl} have a good evening all
[14:55] {dino} i think you should buy about 25k shares of it for experiment
[14:56] {Threei}  take care dp
[14:56] {dino} cyadp
[14:57] {dino} hans drop
[15:00] {Threei}  APRIL CONSUMER CREDIT: -$15.7B V -$6.0BE
[15:04] {larisa} it must be 16, not 6, I almost shorted everything :)
[15:05] {Threei}  says 6.0...
[15:05] {dino} dk vad
[15:06] {dino} fpic
[15:06] {dino} thin
[15:14] {Threei}  ARUN looks like it will deliver today
[15:14] {Threei}  stop can be trailed to .25 now
[15:15] {Threei}  look at HEB candle on daily today
[15:15] {Threei}  not often you see that
[15:15] {dino} ceph stop to .09
[15:16] {dino} out +.09
[15:16] {dino} mkt drop
[15:17] {dino} tivo rtolling over
[15:18] {dino} nah
[15:27] {dino} hans lod
[15:33] {dino} pru l .00
[15:35] {dino} out pru .12, +.12
[15:35] {wulff} good call dino
[15:35] {dino} too soon
[15:38] {dino} ty
[15:40] {dino} most likey it for me guys. good week good times
[15:41] {Threei}  wait
[15:41] {dino} 7 of 8 w/one and the 1 was flat
[15:41] {Threei}  I have anothewr funny looking chart for you
[15:41] {Threei}  SPNG daily
[15:41] {Threei}  look at today's candle
[15:41] {dino} we blew it on pmti
[15:42] {dino} lol
[15:44] {Threei}  tom... I have no opinion on holding ARUN over the weekend
[15:45] {Threei}  don't see anything to get scared... don't see anything to get excited
[15:45] {Threei}  it may continue or may not
[15:45] {dino} a running away
[15:45] {Threei}  personbally I would elimitae it at the eod today
[15:46] {Threei}  wherever it is
[15:47] {dino} be prepared for the 5-6% drop next week, typically week before expiration we pull back around that amount
[15:47] {dino} it has been what i tell magoo, the death week
[15:47] {Threei}  would be nice actually
[15:47] {Threei}  this slow creep up leaves too few opportunities
[15:50] {dino} ok, gotta hop, have a good weekend all
[15:50] {Threei}  okay guys
[15:50] {Threei}  thank you all
[15:50] {Threei}  have a great relaxing weekend
[15:50] {larisa} later :)
[15:50] {magoo} ty 
[15:50] {Threei}  see you all on Monday
[15:50] {Threei}  for the death week
[15:50] {Threei}  let's hope dino's right
[15:50] {Threei}  we do need sizeable pullback
[15:50] {Threei}  to generate new excitment
[15:50] {Threei}  take care
[15:51] {larisa} got .20 cents on HANS thanks to dino :)
[15:51] {Threei}  wtg

Thursday, June 4, 2009

Jun 04 2009

Mostly boring and narrow day. Something worked, something didn't... all in all, most of it balanced each other out. 

Session Time: Thu Jun 04 00:00:00 2009

[08:30] {Threei}  *INITIAL JOBLESS CLAIMS: 621K V 620KE
[08:30] {Threei}  CONTINUING CLAIMS: 6.735M V 6.855ME
[08:33] {pita} gm all
[08:33] {nemo} pita :)
[08:33] {pita} Capt'n
[08:34] {Threei}  pita, nemo :)
[08:34] {magoo} morning
[08:34] {Threei}  magoo :)
[08:34] {nemo} magus
[08:34] {magoo} :)
[08:34] {nemo} What up with the ankle magister?
[08:35] {magoo} oh, ty for asking
[08:35] {magoo} had super good report off xray
[08:35] {nemo} great
[08:35] {magoo} can stop using crutches and walk on it
[08:35] {pita} that is great
[08:35] {magoo} just cautious
[08:35] {nemo} especially considering you were walking on it for a week before you knew
[08:36] {pita} ankles are a pain
[08:36] {nemo} very important though
[08:36] {pita} so to speak
[08:36] {nemo} you screw up the way you walk, you end up screwing up your back
[08:37] {Threei}  AGEN again
[08:38] {magoo} and new 1..hgsi
[08:38] {Threei}  OCLS too
[08:38] {nemo} treasure trove today huh?
[08:38] {pita} any thoughts UNG?
[08:39] {Threei}  not by me
[08:41] {Threei}  couple interesting daily charts with potential of break if this bio hoopla continues:
[08:41] {Threei}  IMMU
[08:41] {Threei}  VVUS
[08:43] {Threei}  yesterday's TELK attempt to move maybe deserves keeping an eye on
[08:45] {ese} good morning
[08:45] {pita} morning ese
[08:45] {Threei}  ese :)
[08:45] {Threei}  US) Fed Chairman Bernanke: Financial crisis shows the need for more economic research; no comments on monetary policy
[08:53] {ese} hey pita ...Vad
[08:53] {ese} sorry was making coffee......
[08:54] {ese} have to find a hypodermic needle somewhere to inject it.....
[08:55] {larisa} good morning :)
[08:55] {Threei}  larisa :)
[08:56] {nemo} Lari :)
[08:56] {larisa} :)
[08:57] {ese} larisa
[08:57] {larisa} hi ese
[08:59] {Threei}  NVAX UPDATE: Novavax and the NIH Agree to Evaluate a Virus-like Particle (VLP) Vaccine Candidate Against the Novel Influenza A (H1N1) Virus (1.87, 0.00, 0.00%)
[09:01] {ese} bank of canada leaving interest rate unchanged 0.25% gotta love it
[09:01] {ese} it's much cheater for Vad myself and dp to live
[09:02] {fernp} good morning everybody
[09:02] {Threei}  fern :)
[09:02] {nemo} fern ese :)
[09:03] {nemo} ese you mainline the coffee?
[09:03] {ese} definately!!!!
[09:03] {nemo} that first 10 minutes must be something
[09:03] {ese} was vads idea with his coffee
[09:04] {ese} Vad has a special black coffee that they use for re-paving roads
[09:05] {nemo} seal driveways
[09:05] {ese} yup
[09:05] {nemo} kill cockroaches
[09:05] {ese} yup
[09:05] {ese} although to be honest ...i haven't tried that application
[09:06] {ese} but in my mind it would no doubt work
[09:06] {pita} get your buzz on.
[09:06] {ese} yup
[09:07] {larisa} my enthusiast friend prepared coffee with the garlic for me at the last party..  I  got killed like that cockroach :)
[09:07] {ese} garlic???? really?
[09:07] {nemo} coffee and garlic....appeals to the italian in me, but....nahh
[09:07] {Threei}  that redefines enthusiasm
[09:08] {pita} coffee breath with a garlic kicker!
[09:08] {ese} i'll say
[09:08] {pita} never heard of that
[09:08] {ese} me either
[09:08] {larisa} yup, it is well known reciepe he said.. I want to forget it forever
[09:08] {Threei}  you need to introduce sanity check in your friends selection process, larisa {G}
[09:10] {larisa} I like new things what can you do.. nobody else even tried it :) 
[09:12] {vinod} GM
[09:13] {Threei}  vinod :)
[09:13] {pita} what's with the banks?
[09:14] {Threei}  FITB Completes $1B Common Stock Offering
[09:14] {Threei}  - The program was increased in size from $750 million to $1 billion and has been completed
[09:16] {dptl} good morning all
[09:17] {Threei}  dp :)
[09:18] {_traderw} goodmorning
[09:19] {ese} dp trader!
[09:20] {Threei}  traderw :)
[09:24] {pita} where's the action Vad?
[09:24] {jfjf64} mornin
[09:24] {Threei}  AGEN Enters securities exchange agreement with Tang Capital - filing (24.90, 0.00, 0.00%)
[09:24] {Threei}  jf :)
[09:24] {Threei}  some in small bios pita
[09:25] {Threei}  overall, market mostly flat
[09:25] {cosmo} CIEN firms
[09:27] {magoo} vad, news FSLR?
[09:29] {pita} drys
[09:29] {ese} 10 ,9,8,7,6,5..................
[09:29] {Threei}  a few hours ago:
[09:29] {Threei}  Hapoalim Securities Analysts see Chinese solar names slashing modules prices - Barron's
[09:29] {Threei}  - States that Hapoalim sees major names including Yingli, Suntech and Trina offering modules at 1.1
[09:31] {nemo} mmmmhhhh....dino slacking this morning
[09:32] {ese} L fitb .90
[09:33] {Threei} Long Setup:  AVII  .65 break if stays above .60
[09:34] {dino} gm all
[09:34] {Threei}  dino :)
[09:34] {dino} axys takeover
[09:34] {Threei}  not a scalp for me
[09:36] {nemo} didn't get it @ .66, how far safe to buy
[09:36] {Threei}  you know where the stop is
[09:37] {Threei}  it's only a matter of your tolerance and expectations for the trade
[09:39] {dino} rog
[09:40] {vinod} in 1.67
[09:40] {nemo} partially in
[09:41] {dino} sm risky, s rog .23 wide
[09:42] {Threei}  Morgan Stanley's Roach: those looking for a V shaped recovery are "in fantasy land"
[09:42] {dino} i agree
[09:42] {ese} out fitb .09 +.09
[09:42] {ese} sorry .99
[09:43] {nemo} how many of the little buggers?
[09:43] {Threei}  OCLS loses ties to reality again
[09:43] {ese} 5k
[09:44] {patience} nice ese   :)
[09:44] {ese} markets heading up but it doesn't seem to want to break by 7
[09:44] {ese} tks
[09:45] {Threei}  good thing I sold in time:
[09:45] {Threei}  Analysts at Fitch comment on Russian and Ukrainian real estate markets
[09:45] {Threei}  - Sees both markets lacking in liquidity
[09:45] {Threei}  lol
[09:46] {ese} too funny......got alot of property in Siberia Vad?
[09:47] {cosmo} siberia could be a winner from 'climate change'  ...ya know
[09:47] {nemo} yeah, for the insects
[09:47] {cosmo} bees?
[09:47] {nemo} blood sucking insects
[09:48] {nemo} partially in more
[09:49] {nemo} all in
[09:49] {ese} the attraction of having big bay windows overlooking a neuclear waste site is very appealing to some
[09:49] {Threei}  OCLS... momo players, watch it for possible anti-gravity move
[09:52] {vinod} I think I need a second screen
[09:52] {Threei}  I'll say
[09:52] {dino} yes
[09:52] {vinod} how many screen you guy use
[09:52] {Threei}  I have 4 and sometimes think maybe couple more would be nice
[09:53] {Threei}  well, I have couple more but they are on separate computer
[09:53] {vinod} now I know why you guys are too fast
[09:54] {larisa} just buy one 42" and you will be fine
[09:54] {pita} bounce point for OCLS?
[09:54] {vinod} THANKS larisa
[09:55] {Threei}  4.60 break from here pita
[09:55] {Threei}  if stays above .50
[09:55] {dino} i have 2 w/about 6 windows open
[09:55] {dino} rog stopped .56 -.33
[09:59] {Threei} Long Setup:  WFC  .35 break if holding above .30
[10:00] {Threei}  CFTC Chairman Gensler: Derivatives operators should register with US regulators (related ICE CME )
[10:01] {magoo} in .35
[10:04] {ese} l fitb .87
[10:05] {ese} out fitb .92
[10:05] {nemo} out wfc
[10:05] {ese} +.05
[10:05] {Threei}  no worky
[10:05] {fernp} stopped
[10:09] {Threei}  OCLS re-stablished
[10:10] {Threei}  same setup
[10:13] {larisa} ese, you use any technical indicators when timing your trades, or just pure tape reading ? if you do not mind sharing :)
[10:13] {dino} sm l itri .90
[10:15] {Threei}  (US) Treasury TARP Admin nominee Allison: Likely to see some TARP repayments next week
[10:15] {ese} Hi Laris....not really ....mostly volume , momentum and indexs......indicators aren't that effective for scalping i've found.  I look for the patterns in Vads book...higher lows, lower highs type of thing
[10:16] {larisa} I see, tks. I like your timing skilld
[10:16] {larisa} d=s
[10:16] {ese} ie fitb right now...forming a higher low....will wait to see what the qqqq does and make a decision.
[10:17] {ese} dinos and vads is better
[10:17] {ese} still a rookie
[10:19] {ese} and even then i goof.....missed fitb
[10:20] {dino} es i have to say you are out earning me w/the size of your trades
[10:21] {ese} L  fitb .96
[10:21] {ese} out fitb .99 +.03 6k
[10:22] {ese} one thing is certain...Vads scalping is the only way to go....up $700 and change so far this morning
[10:23] {dino} gj
[10:23] {ese} tks
[10:23] {Threei}  OCLS over 1:1
[10:25] {ese} maybe some days but  dino but overall your more consistent......i still have a ways to go yet
[10:25] {tomg} ty ocls vad
[10:25] {Threei}  welcome
[10:25] {Threei}  over 1:2
[10:26] {Threei}  pita... got it?
[10:26] {Threei}  that was a call by your personal request
[10:26] {Threei}  I would call it "pita call"
[10:27] {tomg} ty pita
[10:27] {ese} l fitb .03
[10:28] {tomg} nvax vad?
[10:28] {dino} cah off of .00 sm l
[10:28] {tomg} i have 300 at 1.90
[10:29] {Threei}  gosh
[10:29] {Threei}  what do you want from it, triple? :)
[10:29] {tomg} had it a couple of weeks
[10:29] {Threei}  NVAX is momo play in my eyes...
[10:29] {tomg} so sell here, u think?
[10:29] {Threei}  I know this stock for many years
[10:29] {Threei}  not once did it hold its gains for any extensive period of time
[10:30] {Threei}  how about this:
[10:30] {Threei}  if has this .80 - .85 zone resistance to break,
[10:30] {nemo} Dino, on break of 30 cah
[10:30] {Threei}  it has support on intraday at .65, then at .40
[10:31] {Threei}  let it break if it will,
[10:31] {dino} y
[10:31] {tomg} ok, ty 
[10:31] {Threei}  put stop for 200 shares under .65 and for 100 under .40,
[10:31] {Threei}  if it breaks, trail to under .65 for all sgares
[10:31] {ese} out fitb .10 +.07 
[10:32] {tomg} ok, will do that, ty
[10:32] {Threei}  and if it spikes, you'll have to ask again... :)
[10:32] {tomg} ok :)
[10:32] {Threei}  hard to tell in advance what to do when/if it moves
[10:32] {Threei}  gotta see actual way it moves
[10:32] {Threei}  ese... this time I joined you in FITB
[10:32] {dino} ung
[10:32] {fernp} gj ese
[10:32] {Threei}  .04 - .10
[10:33] {fernp} i am out too FITB
[10:33] {Threei}  quite a few little buggers
[10:33] {Threei}  ese turned FITB is personal ATM
[10:34] {ese} no just 4.5 k on that one should have been the 6k
[10:34] {magoo} UNG vad
[10:34] {magoo} crash
[10:34] {ese} nice job fern
[10:34] {Threei}  I took 7 ese
[10:34] {Threei}  mags
[10:34] {Threei}  *EIA NATURAL GAS INVENTORIES: +124 BCF VS. +115 TO +120 BCF ESTIMATE RANGE (related UNG )'
[10:34] {Threei}  that's why
[10:34] {ese} nice vad
[10:34] {magoo} ty
[10:35] {ese} ya saw that too
[10:36] {Threei}  wow
[10:36] {Threei}  can I have mulligan?
[10:36] {nemo} on what
[10:36] {ese} laris....heres the thing i've really learned.....FITB is taking off.......this used to drive me crazy.....but not anymore.....there will be another day and time
[10:37] {larisa} :)
[10:37] {dino} there are better worlds than these huh es
[10:37] {ese} that used to kill me in an earlier trading career
[10:37] {ese} it was the damn!!! i should have stayed in....and when i did that....i got killed
[10:38] {ese} i'm up 1k now.....good enough......time to pair down for the rest of the day
[10:40] {ese} drfinately dino....especially when i get out there on links with you at Myrtle
[10:41] {dino} :), some day es
[10:42] {ese} you bet!
[10:42] {Threei}  STSI Hearing positive comments (timing uncertain) (5.12, 0.39, 8.25%)
[10:43] {Threei}  - Chatter that group to recieve positive ruling from on-going court case
[10:44] {Threei}  should pull back now
[10:46] {Threei}  Update: RBC analyst raises US banking sector to Overweight; sees multi year bull market for the sector
[10:47] {ese} whoa ho ho!!!!!
[10:47] {dino} fdo
[10:47] {Threei}  forecasts many banks returning to normalcy in 2012
[10:48] {nemo} that's a long way away
[10:48] {fernp} BAC breaking hod
[10:48] {Threei}  freakin WFC
[10:48] {fernp} yeah
[10:49] {nemo} is that the Mulligan?
[10:49] {Threei}  FITB doesn't follow
[10:51] {ese} yes...thats interesting
[10:57] {dino} itri stop to .30
[10:58] {dino} out itri .36 +.46
[11:00] {Threei}  US Treasury to sell $35B 3-year notes, $19B 10-year notes and $11B 30-year bonds (related TLT SHY )
[11:02] {dino} fdo sm l .24
[11:04] {ese} gj dino
[11:04] {nemo} out avii
[11:05] {dino} ty
[11:06] {vinod} C going to issue 60B share, stock is up 6%.  I have to be more than crazy to understand this
[11:06] {nemo} Yeah, 4X the stock that is outstanding-go figure
[11:09] {vinod} just notice AVII got stoped
[11:09] {Threei}  OGXI....sheesh
[11:09] {Threei}  another gravity denier
[11:11] {vinod} All of this biotech is weird
[11:15] {Threei}  narrow day...
06[11:16] * Threei slaps KSystems around a bit with a large and loud request to look at dcc
[11:19] {dino} esi apol
[11:19] {KSystems} oh
[11:19] {Threei}  sorry to wake you up
[11:20] {KSystems} yup, its done
[11:20] {KSystems} you think OGXI could reach 30?
[11:20] {Threei}  30 is far from here
[11:20] {KSystems} I'm in since 19.13
[11:20] {Threei}  but gee, it shows no signs of slowing down
[11:21] {KSystems} {{{--- dirty swinger
[11:21] {larisa} :) 
[11:21] {KSystems} oops
[11:21] {KSystems} not what you're thinking
[11:21] {nemo} mmmmhhhhhh
[11:21] {nemo} sure
[11:21] {Threei}  people volunteer so much information about themselves lately...
[11:21] {KSystems} didnt remember there were girls in here
[11:22] {nemo} so I should keep my homicidal thoughts to myself ???
[11:22] {KSystems} depends on motivation nemo
[11:22] {nemo} You into Schaafen
[11:22] {KSystems} WTF
[11:22] {KSystems} VAD!!
[11:22] {nemo} hehehehehehehehe
[11:22] {Threei}  what? I don't speak German
[11:24] {Threei}  OGXI is about to jump through 24
[11:24] {magoo} vad..looky rimm here
[11:25] {Threei}  can't tell mags... 50/50
[11:25] {magoo} ok
[11:27] {nemo} OGXI heard you
[11:27] {nemo} said..nah
[11:43] {Threei}  CAT Reportedly in talks with Transneft regarding equipment sales (37.64, 0.98, 2.67%) (related RSX )
[11:44] {dino} apol sm l .47
[11:46] {Threei}  TIVO again??
[11:46] {nemo} yeah popped earlier
[11:50] {jfjf64} x   strength 
[11:52] {pita} Thanks guys for the personal attention an hour or so ago - wouldn't you know I'd miss the action attending to home chores... :(
[11:52] {Threei}  ugh
[11:52] {pita} reviewing the log lets one know all that was missed
[11:52] {nemo} Hope you got out of avii?
[11:52] {jfjf64} ms
[11:53] {pita} yeah, small loss
[11:54] {pita} learned not to walk away with open trades
[11:54] {pita} the painful way
[12:01] {jfjf64} x on pullback vad  any  read
[12:02] {Threei}  probably off 35 but keep an eye on broadfer market
[12:02] {Threei}  this pullback coincides with market retreat
[12:02] {jfjf64} ty
[12:06] {nemo} David Carradine found dead..suicide
[12:07] {pita} the perils of stardom
[12:08] {jfjf64} in 12   out  22
[12:08] {Threei}  :)
[12:08] {jfjf64} half
[12:10] {jfjf64} what  ya  read
[12:11] {dino} gj
[12:12] {dino} are the days slow lately or is it just me
[12:12] {dino} markets seem dead from 11-3
[12:12] {nemo} you did 10 trades yesterday Dino
[12:13] {Threei}  the slowest in couple years, dino
[12:13] {nemo} Vad's been doing 2 or 3 over the last week
[12:13] {jfjf64} out
[12:13] {dino} you counting my trades?
[12:13] {nemo} Yeah
[12:13] {larisa} lol
[12:14] {dino} how am i doing?
[12:14] {nemo} 4 today, waiting for cah to break 30
[12:15] {dino} lol
[12:15] {dino} how about esi
[12:15] {nemo} esi is easy......FITB
[12:16] {dino} itri?
[12:17] {dino} gap filled fromfri close
[12:17] {nemo} 58.90 entry
[12:17] {dino} out at 59.36 long time ago
[12:18] {nemo} yeah
[12:18] {nemo} forgot the first one you stopped on
[12:18] {nemo} sitting in apol and fdo
[12:19] {dino} rog, thing is still going up
[12:20] {nemo} you still in rog, ahhh missed that one
[12:20] {nemo} Hard to buy a stock that sounds like the name of a neanderthal
[12:21] {dino} no stopped out 
[12:21] {nemo} yeah, that was the stop
[12:21] {nemo} had it as a blank...psychological that rog thing
[12:24] {Threei}  XOMA Hearing positive call from RBC
[12:24] {Threei}  interesting
[12:24] {Threei}  RBC notes that upcoming data at ADA should boost the name
[12:25] {Threei}  not often you see RBC commenting on such cheapies
[12:25] {Threei}  and look at daily
[12:25] {Threei}  C&H with .10 to break
[12:25] {Threei}  long in the making
[12:27] {jfjf64} still valid
[12:27] {Threei}  sure
[12:31] {vinod} look like nothing going?
[12:31] {Threei}  OGXI over 24
[12:31] {Threei}  as foretold
[12:31] {nemo} ROG broke top
[12:33] {pita} cu all tomorrow
[12:33] {magoo} be bacxk hour
[12:33] {Threei}  take care pita
[12:33] {nemo} X keeps going too
[12:39] {Threei}  XOMA not a scalp for me
[12:40] {nemo} what's the stop?
[12:40] {jfjf64} what  ya  stop
[12:40] {nemo} jf!!!
[12:40] {dino} rallllllllllly
[12:40] {Threei}  sheesh, you two
[12:41] {Threei}  what do you think? :)
[12:41] {nemo} now Dino...you'll piss off Larry
[12:41] {jfjf64} just  under .05
[12:41] {Threei}  that would be scalping stop
[12:41] {Threei}  for a trade, under 1
[12:42] {jfjf64} ty
[12:43] {nemo} bummer
[12:44] {dino} apol stop to .87
[12:44] {Threei}  and for a swing, under .95
[12:45] {dino} out apol +.40
[12:46] {larisa} gj
[12:47] {dino} ty
[12:51] {KSystems} thanks for OGXI vad
[12:51] {dino} esi lod
[12:59] {dino} cah sm l .00
[13:05] {dino} tighten cah to .93 not acting right
[13:05] {nemo} no, it have a strong move off the bottom
[13:06] {nemo} had
[13:06] {dino} yeah, that might be it
[13:09] {nemo} two supports .93 and .80ish (not to be confused with Threeish)
[13:10] {dino} cah stopped -.07
[13:18] {dino} fdo stop to .54
[13:19] {dino} to .59
[13:22] {dino} out +.35
[13:24] {magoo} back
[13:32] {magoo} in anything vad?
[13:32] {Threei}  XOMA
[13:32] {Threei}  possibly for overnight hold
[13:36] {Threei}  PALM... climbing and climbing and...
[13:38] {Threei}  new high
[13:38] {Threei}  XOMA that is
[13:41] {Threei}  PALM .40 was lwegit setup... why did I ignore it... :(
[13:42] {dino} t l .35
[13:48] {ese} hi everyone....left abruptly to go teach...lost track of time
[13:48] {fernp} bye ese
[13:49] {fernp} hi
[13:49] {ese} and nowwww....just signing in to sign off agian...see ya tomorrow
[13:49] {Threei}  lol
[13:49] {Threei}  that was brief
[13:49] {ese} take care
[13:49] {nemo} musicians
[13:49] {ese} yup....don't want to be rude
[13:49] {jfjf64} x 36 break
[13:55] {Threei}  climb little XOMA, climb
[14:07] {nemo} CAH again Dino, might be making a C&H
[14:08] {nemo} market feel up towards the end?  Big run?
[14:09] {dino} can't get thru .00 imo
[14:11] {dino} sm l .00 esi
[14:19] {nemo} what was your stop dino?
[14:19] {dino} lod
[14:20] {nemo} where is it now then?
[14:20] {dino} +.41
[14:21] {dino} oopps, .19
[14:21] {dino} mAKE IT .40
[14:22] {dino} out +.40
[14:24] {nemo} I'm confused
[14:25] {nemo} Mmmmmmmhhhh...XOMA must think it's Icarus
[14:26] {dino} fdo l .45
[14:26] {nemo} Off to sell politically incorrect consumer items
[14:26] {nemo} Dino, CAH at the magic number
[14:27] {dino} hmmmm
[14:27] {Threei}  XOMA's selling is surprizingly astrong after hitting 1;1
[14:28] {dino} you in
[14:28] {nemo} I'm leaving, no
[14:28] {dino} esi at .00 again
[14:28] {Threei}  I haven't trailed the stop after halving at .20... maybe I should have
[14:29] {nemo} looks like it needs market help Dino
[14:31] {dino} s/p gap filled from tuesday
[14:33] {vinod} too bad i sold my HEB yesterday at 2.55
[14:34] {nemo} GMCR Vad...to keep an eye on...see you tomorrow
[14:35] {Threei}  take care nemo
[14:35] {dptl} have a good evening all
[14:35] {Threei}  no news HEB
[14:35] {Threei}  no idea what's up with this little piece of crap
[14:35] {Threei}  take care dp
[14:36] {dino} cya nemo, dp
[14:36] {vinod} GMCR good candidate for short?
[14:41] {vinod} see you tomorrow
[14:41] {Threei}  take care vinod
[14:41] {dino} cya vin
[14:41] {Threei}  not sure about GMCR
[14:47] {Threei}  XOMA is back to highs
[14:47] {Threei}  if I were smart, I'd dump whole thing at .20 and rebought it at .05
[14:48] {dino} if a word in middle of life
[14:50] {Threei}  gosh
[14:50] {Threei}  that's too deep
[14:50] {Threei}  now you've done... I will need to ponder this one
[14:50] {Threei}  for a week
[14:50] {dino} lol
[14:51] {Threei}  of navel-gazing, somewhere in tibet cave
[15:22] {Threei}  believe it or not. HEB is consoldiating near high again
[15:22] {Threei}  this is real POS
[15:23] {magoo} vad..rip or rot?
[15:23] {dino}  out t flat
[15:23] {Threei}  rip
[15:23] {Threei}  I remember HEB's run in 2006
[15:24] {Threei}  it was quickly doscovered that it was a shell company
[15:24] {Threei}  momo has gone and it dies for three years
[15:24] {Threei}  died
[15:24] {Threei}  now it's getting rediscovered, lol
[15:27] {Threei}  ARUN
[15:28] {Threei}  7 break is interesting on daily
[15:28] {Threei}  if doesn't happen todayt, that's one to watch tomorrow
[15:29] {dino} fdo stop to .49
[15:29] {dino} out +.04
[15:33] {dino} gotta hop early take care all, profitable by light
[15:33] {Threei}  take care dino
[15:40] {Threei}  NQ spent who,le day in less than 15 points range
[15:51] {Threei}  with all the boredom while staying near highs and finishing green, can you feel this whole rally is far from being over?
[15:52] {magoo} very little pullback
[15:53] {patience} but i kept falling asleep at my desk....
[15:54] {Threei}  do what I do
[15:54] {patience} ?
[15:54] {Threei}  make sure you have some nice foam layer un the desk, measure trajectory of your chin movement,
[15:54] {Threei}  place the foam right at the end on trajetory
[15:54] {Threei}  and nod away
[15:55] {Threei}  at the end of the day you are refreshed, and all your teeth are safe...
[15:55] {Threei}  okay guys, I am doing what I haven't done in ages
[15:56] {Threei}  taking home not one but two stocks
[15:56] {Threei}  XOMA and ARUN
[15:56] {Threei}  XOMA is padded by selling half at 1:1
[15:56] {Threei}  ARUN is not
[15:59] {Threei}  bth broke 52 week highs and finish at the day high
[16:00] {Threei}  just in case something happens after the close, putting them for sale: XOMA at 1.45 and ARUN 7.25
[16:00] {Threei}  thank you all, have a good evening'
[16:00] {Threei}  see you tomorrow
[16:00] {magoo} u too boss
[16:00] {magoo} ty all
[16:00] {jfjf64} ty

Wednesday, June 3, 2009

Jun 03 2009

Not too many trades as quite a few setups never triggered. Those that did though worked nicely: WFC and, notably, TIVO long for 60 cents. Don't you love those short squeezes after huge gap up - when you get it right and participate in it.

Session Time: Wed Jun 03 00:00:00 2009

[08:06] {pita} gm all
[08:06] {nemo} P.I.T.A. :)
[08:07] {pita} that's me!!!
[08:07] {nemo} neat acronym
[08:07] {nemo} probably more applicable to me
[08:07] {pita} just ask my former wife....
[08:07] {nemo} Where's her grave? :)
[08:08] {pita} :(
[08:08] {nemo} awwwww....poor sense of humor...apologies
[08:08] {pita} the paying is over but the pain remains
[08:09] {nemo} yeah, we'd still be in the Garden of Eden if it weren't for them
[08:09] {pita} well, probably not, but its a great thought
[08:09] {pita} 392108
[08:10] {pita} sorry wrong windog
[08:10] {pita} window
[08:11] {pita} off for breakfast, cu later
[08:11] {magoo} morning
[08:11] {nemo} magister
[08:11] {magoo} TIVO nuts
[08:11] {nemo} yeah, had that written down for today
[08:12] {nemo} should be a nice short soon
[08:12] {magoo} i just hit it sh .31
[08:12] {nemo} nice mags
[08:12] {magoo} not  yet :)
[08:13] {magoo} ok, cov .15
[08:13] {nemo} nice entry
[08:13] {nemo} how's that?
[08:13] {magoo} not nice till bank it
[08:13] {nemo} nice exit
[08:13] {nemo} how's that
[08:13] {nemo} oh spy and qs dropping
[08:14] {nemo} look who's signed in
[08:14] {magoo} u do the honors
06[08:14] * nemo slaps laserdave around a bit with a large trout
[08:14] {nemo} I grew up trout fishing, kinda' mixed emotions about it
[08:15] {magoo} adp numbers in line
[08:15] {nemo} saw that this morning...curious about oil today...if it spikes, I think market tanks.  
[08:16] {magoo} actually, coorelation the way i see it is oil up..mkts up
[08:17] {nemo} I think you'll see that break soon in U.S. markets.  We're consumption based. As oil goes up money comes out of pockets.  Can't buy stuff.  Might keep Chinese Indian and Brazilian markets going, Aussies too, but less likely here
[08:36] {Threei}  Summary of PIMCO's Bill Gross June Investment Outlook: "Staying rich in the new normal"
[08:36] {Threei}  - U.S is no longer producing as much wealth in proportion to the rest of the world, which will affect stockholders 401k investors and even bond managers
[08:36] {Threei}  - A potential US sovereign downgrade "still far off in the future in PIMCOs opinion" as "both the U.S. and the U.K. entered the Great Recession with attractive ratios compared to such grievous offenders (and AA rated) as Japan."
[08:36] {Threei}  - The pressure of rising long dated treasury yields on mortgage and corporate rates presents a real threat to recovery now underway
[08:36] {Threei}  - Expansion of Fed's balance sheet could have inflationary impact
[08:36] {Threei}  - "Bond investors should therefore confine maturities to the front end of yield curves where continuing low yields and downside price protection is more probable. Holders of dollars should diversify their own baskets before central banks and sovereign wealth funds ultimately do the same. All investors should expect considerably lower rates of return than what they grew accustomed to only a few years ago. "
[08:41] {magoo} got a read on TIVO vad?
[08:41] {Threei}  not really
[08:43] {ese} that was an ordeal
[08:44] {Threei}  you seem to get into it rather regularly {G}
[08:44] {ese} don't know why....
[08:44] {ese} typed the same pass and user about 5/6 exactly the same
[08:45] {Threei}  [08:40] * esemde was kicked by ChanServ
[08:45] {Threei}  that's username you typesd
[08:45] {Threei}  my suggestion would be, you have form autofill on
[08:45] {ese} nope definately not........
[08:45] {Threei}  as you start typing ese, it fills it to esemde
[08:46] {Threei}  and you click enter not noticing
[08:46] {ese} hmmmmm
[08:50] {magoo} vad, news vlo
[08:51] {Threei}  earnings, filed 40M shares, downgraded
[08:56] {fernp} good morning everybody
[08:56] {Threei}  fern :)
[08:58] {vinod} good morning to all 
[08:58] {Threei}  vinod :)
[08:59] {_traderw} gm
[08:59] {larisa} good morning :)
[08:59] {Threei}  traderw, larisa :)
[09:04] {ese} vad....you following anything....nothing i'm reading here is stickling out
[09:04] {Threei}  TIVO...
[09:04] {ese} tks
[09:04] {Threei}  WFC, not because of particular action but because it's usually a player
[09:04] {ese} yes
[09:05] {Threei}  JOYG
[09:05] {ese} tivo won a court ruling....
[09:09] {ese} fitb seems to be consolidating at a 50% pullback level from high of 9.     thats a resonably strong sign
[09:15] {dino} gm all
[09:15] {Threei}  dino :)
[09:15] {ese} morning dino
[09:15] {dino} :)
[09:23] {jfjf64} mornin
[09:23] {Threei}  jf :)
[09:27] {jfjf64} any read bac
[09:27] {Threei}  it doesn't really do anything
[09:27] {Threei}  no significant gap
[09:27] {Threei}  no premarket movement
[09:28] {jfjf64} ty
[09:28] {Threei}  TIVO dropped of a cliff
[09:29] {dptl} good morning
[09:30] {Threei}  dp :)
[09:30] {ese} morning dp
[09:31] {Threei} Short Setup: TIVO  9.60 break half lot
[09:31] {nemo} What's Raven doing here, I thought he was off to N. Dakota or somewhere?
[09:31] {Raven} Tomorrow
[09:31] {Threei}  if stays below .85
[09:32] {Threei}  let's modify it to .70 break, same condition
[09:32] {dino} have fun raven
[09:32] {nemo} Flying Raven :)
[09:32] {Threei}  want a bit tighetr stop
[09:33] {Raven} thx :)
[09:33] {Threei}  invalidated
[09:35] {Threei} Long Setup:  WFC  .40 break
[09:35] {Threei}  stop under .30
[09:36] {ese} missed it
[09:36] {Threei}  half out 1:1
[09:37] {fernp} ty Vad
[09:37] {ese} nice vad
[09:37] {Threei}  wow ese... it gave like 3 chances
[09:37] {Threei}  1/4 more out
[09:37] {Threei}  .59
[09:37] {Threei}  fern :)
[09:37] {ese} just seeing that was watching fitb and intc
[09:37] {ese} look at that jump ....nice
[09:37] {dino} vlo blood
[09:38] {dino} cah more blood today
[09:38] {dino} 7 pts since monday close
[09:38] {ese} waiting for pullback in fitb
[09:39] {Threei}  DVAX 40 min ago:
[09:39] {Threei}  Dynavax Technologies Presents Phase III data
[09:39] {Threei}  - In addition to meeting its primary endpoint in this Phase 3 trial as previously reported, HEPLISAV provided more rapid and increased seroprotection against hepatitis B viral infection and with fewer doses than the licensed vaccine.
[09:39] {Threei}  - The data show the differences to be particularly significant in the subset of subjects over 40 years of age who are usually less likely to respond to immunization.
[09:39] {nemo} tivo vad
[09:40] {Threei}  trying to form short setup again
[09:40] {Threei}  let's approach it differently
[09:40] {Threei}  9.55 loss is a short trigger,
[09:41] {Threei}  let's watch it for consolidation closer to it that would give us affordable stop
[09:42] {Threei}  if doesn't go over .70 on this bounce, that's resistance
[09:42] {nemo} last bounce looks like it was with Qs
[09:42] {Threei}  PIMCO's B Gross: Chinese investments in USD assets at 2% are 'not safe' -radio interview
[09:43] {Threei}  wtf is this guy doing?
[09:43] {nemo} talking his book
[09:43] {nemo} invalidated
[09:46] {ese} would have thought that fitb would follow wfc but it's not
[09:47] {Threei}  TIVO is holding too well
[09:47] {vinod} short around 10.00?
[09:48] {Threei}  if this consolidation under the high continues for a while, the tune will change to squeze
[09:48] {dino} echostar filing appeal they say
[09:49] {Threei}  too fast recross of .80
[09:49] {dino} fire drop
[09:50] {Threei}  started typing long for a scalp but it broke before I finished first word
[09:50] {magoo} CAT bounce vad?
[09:50] {Threei}  US President Obama: Confident that US and Saudi have strategic relationship
[09:51] {Threei}  recross of 37 mags, but kind of 50/50
[09:51] {Threei}  risk is low enough
[09:51] {Threei}  with stop just 10 cents away
[09:51] {Threei}  so kind of personal preference
[09:52] {Threei}  AGEN Strength attributed to chatter that FDA is set to fast track its kidney drug (2.18, 0.65, 42.48%)
[09:52] {dino} fire
[09:52] {dino} apsg
[09:52] {magoo} news RIMM vad?
[09:53] {Threei}  no
[09:54] {magoo} just market
[09:54] {ese} some interesting wild gyrations in the market these days....look at that dump in the qqqq's
[09:54] {Threei}  yeah
[09:54] {dino} they call that the elvis qqqq
[09:55] {magoo} TIVO no reaction
[09:55] {dino} still have fri gaps 8500,1435,919
[09:55] {Threei}  DVAX,,, wow
[09:57] {ese} WFC wants up vad
[09:58] {magoo} AGEN
[09:58] {Threei}  last 1/4 is still sitting here
[10:00] {Threei}  *APRIL FACTORY ORDERS: 0.7% V 0.9%E
[10:00] {Threei}  MAY ISM NON-MANUFACTURING: 44 V 45.0E
[10:00] {Threei}  (US) Fed's Bernanke: US cannot keep borrowing indefinately to meet spending needs, expects economy to pick up in late 2009
[10:00] {Threei}  - Believes Treasury yields are rising on deficit concerns as well as an improving economy
[10:04] {nemo} I'm interested to see what effect the oil numbers have in a 1/2 hour
[10:07] {Threei}  I really need to start taking these moves by little bios on faith
[10:07] {ese} LWFC .55
[10:07] {Threei}  AGEN... DVAX
[10:08] {ese} market is red but oddly enough it feels like there is some strenght to it......for me anyway
[10:08] {Threei}  and TIVO more and more looks like surprize move in the making
[10:09] {ese} am trying wfc at the mid point of this .50 to .60 ange
[10:09] {magoo} AGEN looks like 3.50
[10:10] {Threei}  Treasury prices tick lower after Bernanke makes little to no mention of Fed asset purchases in initial remarks (related TLT )
[10:10] {Threei}  see TIVO buyiong pressure?
[10:11] {dino} vlo sm l .00
[10:12] {nemo} refiner just before the oil report....mmmmmhhhh
[10:12] {Threei}  (US) Reportedly US DoJ is probing various tech firms on hiring proceedures (related YHOO GOOG )
[10:12] {Threei}  hmm?
[10:13] {Threei}  hoew is it anyone's business?
[10:13] {nemo} Comrade, you are sick
[10:14] {magoo} AGEN
[10:14] {magoo} [10:09] {magoo} AGEN looks like 3.50
[10:14] {magoo} [10:10] {&Three
[10:14] {Threei}  ok... I must try this
[10:14] {Threei} Long Setup:  TIVO  .95 break
[10:14] {Threei}  stop under .85 for scalpers
[10:14] {Threei}  under .80 for daytrader
[10:15] {Threei}  if triggers, not a scalp for me
[10:15] {ese} might be stopped out here .30
[10:16] {Threei}  half out
[10:16] {Threei}  10.08
[10:16] {magoo} christ..looked away missed
[10:17] {jfjf64} ty
[10:17] {jfjf64} blood money
[10:17] {Threei}  welcome
[10:17] {Threei}  lol, why?
[10:17] {Threei}  who did you have to murder to enter?
[10:18] {jfjf64} hunting it  for  hour   lol
[10:18] {ese} stopped
[10:18] {Threei}  sheesh AGEN
[10:18] {ese} -,25 1 lot
[10:18] {Threei}  you got TIVO on this pullback mags?
[10:18] {Threei}  perfect setback right into trigger
[10:19] {nemo} hit 1:1 though, wouldn't you move stop up to b/e
[10:19] {Threei}  to under .90 I would
[10:19] {Threei}  to b/e, no
[10:20] {Threei}  it's a bit tooo volatile for such tight trailing
[10:21] {ese} banks don't like what Bernakers had to say
[10:22] {Threei}  yeah, killed my last piece of WFC
[10:22] {ese} beautifully timed so that i would loose $250.00 i might add
[10:22] {Threei}  next leg is coming TIVO
[10:22] {Threei}  offering 1/4 more at .22
[10:23] {ese} he's either a genius or the dumbest SOB of a fed banker ever
[10:25] {Threei}  DVAX - another AGEN or miserable failure?
[10:27] {Threei}  TELK Hearing strength being attributed to chatter regarding reception of new drug (1.12, 0.20, 21.74%)
[10:28] {Threei}  Movement comes as firm speaks at ASCO conference
[10:29] {ese} l WFC .20
[10:30] {Threei}  DOE CRUDE: +2.68M V -1.7ME
[10:30] {Threei}  GASOLINE: -215K V +100KE; DISTILLATE: +1.66M V +1ME
[10:31] {dino} cah sm l .70
[10:32] {ese} hope you have better luck than me dino
[10:32] {jfjf64} uso  fallin 
[10:32] {Threei}  TELK, if eats through .15...
[10:32] {dino} :)
[10:33] {Threei}  out 1/4 more TIVO .22
[10:34] {nemo} you shoulda got .23
[10:34] {Threei}  had .22 laid out
[10:34] {Threei}  [10:22] {Threei} offering 1/4 more at .22
[10:35] {Threei}  (RU) Russian PM Putin: Once again threatens Ukraine over gas deliveries, warns Europe may face shutoffs in June/July if Ukraine does not pay
[10:36] {jfjf64} blood  money    lol
[10:36] {ese} daaaaaa!!!!! WFC get going!!!!
[10:36] {ese} i want my 250.00 back
[10:38] {vinod} telk still good at 0.15
[10:39] {nemo} offers piling up @ .10
[10:39] {ese} am going to apply one of Vads strategies.......wfc swift kick in rear with a steel toed boot 
[10:40] {ese} look at that setup....it's perfect ...get bloody going
[10:40] {Threei}  can't decide on exit point for the last TIVO
[10:41] {Threei}  stop under 10 for now
[10:42] {ese} bout time!!
[10:50] {dino} snda, cyou running; china plays
[10:50] {Threei}  Fed's Bernanke reiterates the Fed will not monetize US govt debt
[10:50] {Threei}  this is strong statement
[10:50] {nemo} "Read My Lips"
[10:50] {nemo} Oh...you weren't here for that...Bush I
[10:51] {dino} sm l itri .40
[10:52] {dino} they are simply telling you what you want to hear 3i.
[10:52] {dino} otherwise they could not do what they want
[10:53] {dino} bottom line, debased currency and inflation is preferrable to deflation and strong dollar.
[10:53] {dino} in 10 years dollar value will be 1/2, and thus so will the debt
[10:54] {dino} it is the only way politicians can stay in power
[10:55] {dino} they strength in $ last year was due to deflation, that is all
[10:56] {dino} snda rockin'
[11:00] {ese} ahhhhhhh out WFC .40 lot and 1/2....that was a good revenge killing....err ahhh i mean trade
[11:01] {Threei}  wtg
[11:01] {ese} tks
[11:02] {dino} gj
[11:03] {magoo} we in anything boss?
[11:03] {nemo} tivo
[11:04] {magoo} i am?
[11:04] {Threei}  lol
[11:04] {Threei}  1/4 of TIVO left
[11:09] {dino} apsg sm s .85 stop hod
[11:12] {dino} tsra drop
[11:12] {Threei} Long Setup:  DNDN  .60 break if stays above .50
[11:16] {dino} lphi
[11:21] {dino} apsg bstop tighten to .02
[11:28] {dino} cah stop to .99
[11:28] {dino} out +.29
[11:30] {Threei}  (US) Fed Chairman Bernanke: Fed does not plan to sell MBS holdings in the near term, substantial flow of revenue from MBS purchases will offset any losses down the road
[11:31] {nemo} wow, how's he gonna' do that from foreclosed mortgages?
[11:32] {dino} see, they are not using mark to market because fed is not public, so, shazaam mogages are good long term
[11:33] {nemo} what did they buy them at?  Or do we even know?
[11:34] {dino} vlo stopped -.30
[11:34] {dino} it doesn't matter, they are not public
[11:34] {dino} typically 30 year you pay 2.5x sales over the 30 years
[11:35] {nemo} not that, how much did the Fed by them for?
[11:35] {dino} low nemo, so even at 50% default they win over time
[11:35] {nemo} maybe....
[11:36] {dino} they really do not need this public/privated fund stuff if they hold until maturity
[11:36] {dino} even in defaults the houses are worth 50 cents on they buck on average
[11:37] {dino} the whole problem was mark to market
[11:37] {nemo} the problem is, with those sliced and diced MBS, does anybody know what's in them?
[11:37] {dino} if you don't own them who cares
[11:38] {nemo} we do own them
[11:38] {nemo} BOHICA
[11:38] {dino} ahhh, but at less thasn 50 cents on the dollar. some were taken at 25 cents
[11:38] {dino} the losses have been takn by public companies, the govt is a buyer on the cheap.
[11:39] {Threei}  (US) Fed Chairman Bernanke: Fed will be able to raise interest rates even with a large balance sheet
[11:39] {dino} they will sell them out eventually, wjhy do you think hedge funds want them now as opposed to last fall
[11:39] {nemo} The government doing something in my best interest is anethema to me
[11:39] {Threei}  TIVO new high
[11:40] {Threei}  If worst came to worst, the Fed could sell some assets from the balance sheet
[11:41] {dino} they were not, they put the screws to the companies w/m2m. they know the error of this but will never admit it, because thepublic would have their heads
[11:41] {dino} out apsg cover at .55, +.30
[11:43] {nemo} telk Vad
[11:45] {Threei}  ?
[11:45] {nemo} I saw big order @ .05 but it's not even moving.  Now half got cancelled now all cancelled
[11:54] {Threei}  Fed's Bernanke: For forseable future does not see any risk to status of reserve currency for the Dollar
06[11:55] * magoo slaps laserdave around a bit with a large trout
[11:56] {Threei}  must work toward restoring a strong US economy, that in turn will promote a strong dollar
[11:59] {Threei}  SEED support 5.80 for possible pullback entry
[12:01] {dino}  id l .40, stop .29
[12:02] {nemo} full lot dino?
[12:03] {dino} y
[12:03] {dino} itri stopped -.41
[12:08] {dino} pnk
[12:09] {nemo} dndn keeps kissing .60
[12:09] {dino} clda
[12:10] {dino} sm pnk s .50, stop .81
[12:23] {pita} zzzzzzzzzzzzzzz gotta go day job, later all
[12:24] {ese} see ya pita
[12:25] {dino}  cya pita
[12:28] {dino} daa daa daaa unhuh unhuh
[12:32] {dino} clda interesting, slow tho
[12:34] {dino} .
[12:35] {dino} nemo id 1:1
[12:39] {Threei}  MSFT CEO: will move US jobs oversea if Obama Administration raises taxes on US companies foreign profits (21.52, 0.12, 0.56%)
[12:41] {dino} law of unintended consquences
[12:42] {Threei}  yeah
[12:42] {Threei}  and ideology vs common sense
[12:45] {dino} id stop to .512
[12:45] {dino} .51
[12:49] {dino} id stopped +.11
[12:56] {vinod} Tax is not bad. Think about what people lost in market compare to what they paid in tax?
[12:57] {Threei}  not sure I see the connection... is it one or another? :)
[12:58] {dino} ???
[12:58] {Threei}  I mean, if paying higher tax would prevent market losses, then comparison would make sense
[12:59] {vinod} I believe everyone has to pay their share of tax
[12:59] {dino} higher taxes will hurt markets
[12:59] {Threei}  sure
[12:59] {ese} all right....same as pita....outta here to the days job...catch you all on the flip side
[12:59] {Threei}  but who said that share must be increased?
[12:59] {Threei}  take care ese
[12:59] {dino} cya es
[12:59] {ese} see ya vad
[13:00] {ese} dino...later
[13:01] {vinod} more tax we pay less need to borrow from china
[13:02] {Threei}  and less money we have to spend... and more money for goverment to misspend
[13:02] {Threei}  if you believe in goverment's ability to spend wisely... we just will have to agree to disagree :)
[13:03] {Threei}  and if you don't, why would you want to enable it to waste more than it already did?
[13:04] {vinod} no one expect or believe that gov.will spend wisely. we should accept that
[13:04] {Threei}  the wouldn't it be wiser to leave it with at little as possible to spend foolishly? :)
[13:05] {dino}  regan proved lower tax rates = higher receipts, problem was spending
[13:05] {Threei}  right
[13:05] {Threei}  and that is hard thing to reign
[13:06] {Threei}  tax increase gives governemtn even more room for wasteful spending AND cuts down receipts
[13:06] {dino} because politicians are whores for votes
[13:06] {Threei}  I fail to see the benefit
[13:06] {dino} vad we agree
[13:06] {Threei}  after all, USSR had the highest tax rate in history
[13:06] {vinod} did i opened up a can of worm?
[13:06] {dino} plus lower taxes are incentive to work more. higher taxes, whats the point
[13:06] {Threei}  I don't see it being mightiest state on a planet
[13:07] {dino} obamas' talking 75% rates on over $250k. that wil, kill real estate
[13:07] {vinod} i take back what i said
[13:08] {Threei}  why so timid vinod...
[13:08] {Threei}  people have right for their opinion
[13:08] {dino} vin, they don't worry about borrowing from china, because the dollar will be devalued thus cutting the borrowing that way
[13:08] {Threei}  time to decide on TIVO I guess
[13:08] {jfjf64} tivo
[13:09] {Threei}  will try to exit above .50
[13:10] {dino} the fed just admitted the devaluation is preferrable. go to minyanville.com article fed's currency colapse gambit
[13:10] {Threei}  stop .15
[13:13] {dino} pnk bstop to .45
[13:19] {Threei}  TIVO is ready
[13:20] {dino} where to short it, hmmm
[13:31] {Threei}  i am out
[13:31] {Threei}  +.60
[13:32] {jfjf64} nice job 
[13:32] {Threei}  can I go home?
[13:32] {nemo} look aroun
[13:32] {nemo} around
[13:32] {magoo} NOPE
[13:32] {nemo} where eqzaktly do you think you are?
[13:41] {Threei}  wow FEED
[13:41] {Threei}  what happened there?
[13:41] {nemo} you were right....80 support
[13:53] {nemo} gold taking a nice pasting
[13:53] {dino}   clda sm l .30
[13:54] {dino} pnk to .37 bstop
[14:00] {dino} tcl l .25 stop lod
[14:00] {dino} pnk to .35
[14:13] {dino} pnk covered .33, +.17
[14:26] {Threei}  TIVO still not done
[14:27] {nemo} feed breaking out a bit too
[14:30] {vinod} i was out of TIVO at 0.22 wow!!!
[14:33] {vinod} have a nice day--see you tomorrow
[14:33] {Threei}  take care vinod
[14:33] {nemo} nite vinod
[14:36] {nemo} GILD had quite a run today
[14:38] {dino} cya vin
[14:39] {magoo} vad..we in anything here?
[14:39] {nemo} coma
[14:40] {Threei}  yeah, that
[14:48] {dptl} have a good evening all
[14:48] {Threei}  take care dp
[14:48] {nemo} dp :)
[14:53] {Threei}  what a short killing machine this TIVO is eh
[14:54] {dino} pru l .63
[14:54] {Threei}  total murder for the standard "too high, let's short it" thinkers
[14:56] {dino} pru stop tpo .80
[14:57] {dino} to .90
[14:58] {dino} out pru .95, +.32
[14:58] {nemo} $1300 an hour, not bad
[14:59] {dino} you take it?
[14:59] {dino} how about that id earlier?
[15:00] {nemo} does an Ursus Major defecate in the wilderness?
[15:00] {dino} i suppose if camping
[15:00] {nemo} I think campers are their food
[15:01] {dino} well then good times
[15:01] {nemo} I forgot, what did you do with ID, Herr Freud
[15:01] {nemo} Remember the Far Side cartoon with the Polar Bears and the Igloos?
[15:01] {dino} out .51 fl, +.11
[15:02] {dino} did that voodoo that es does so well
[15:02] {nemo} I don't see a minus sign
[15:02] {dino} same w/pru
[15:03] {dino} vlo, itri earlier there were
[15:03] {nemo} Yeah, I was wondering when you went long VLO just before the oil numbers came out
[15:03] {Threei}  (US) Reportedly Obama Administration planning to release outline of financial regulatory overhaul on June 17th, according to sources - unconfirmed report
[15:03] {Threei}  - US Treasury Sec Geithner to discuss administration proposals for financial regulation at June 18 hearing.
[15:03] {nemo} that will be an interesting market day
[15:04] {Threei}  (RU) Russian President Medvedev: Wants to believe higher oil prices reflect fundamentals
[15:04] {Threei}  - Current price of oil makes him optimistic about Russian economy. (related USO RSX EUR/RUB USD/RUB )
[15:05] {nemo} You see this on Tivo earlier: http://www.thestockmasters.com/node/1441
[15:06] {Threei}  ?
[15:06] {Threei}  this is news TIVO gapped on
[15:07] {nemo} I have no idea, but I said earlier so as not to make people think it just came out
[15:23] {dino}   hearing the easy button
[15:30] {dino} clda stop to .29
[15:31] {larisa} dino is my hero, never sleeps or in the coma :)
[15:31] {nemo} gag
[15:32] {larisa} the rest of you guys.....
[15:32] {larisa} need more energy :)
[15:32] {nemo} you included Larry?
[15:32] {larisa} regretfully :)
[15:32] {nemo} eh...sucks to be us
[15:33] {Threei}  dunno... I am proud of my ability to stay in coma
[15:35] {dino} oh yes i do larisa, feet on desk watching tv
[15:35] {dino} clda stopped -.01
[15:36] {larisa} last hero dissapeared in the thin air
[15:36] {nemo} expectations
[15:36] {dino} i am more of the anti-hero
[15:37] {nemo} clean cut all american boy I'll bet
[15:37] {nemo} dog, coupla kids, brings the wife flowers
[15:37] {dino} well, that clean living i do, lol
[15:37] {nemo} class president, captain of the football team
[15:38] {nemo} goes to church on sundays
[15:38] {dino} no, just a self employed dude
[15:38] {larisa} lol
[15:39] {nemo} One black spot though....
[15:39] {Threei}  wait... flowers?
[15:39] {nemo} Do you know what it is Dino?
[15:39] {dino} no?
[15:39] {nemo} MAGOO
[15:40] {dino} lol
[15:43] {dino} joyg l .00
[15:51] {dino} out .10, +.10
[15:51] {dino} tee time in 40
[15:51] {Threei}  thing to keep an eye on tomorrow: XING
[15:52] {nemo} frickin' market taking off
[15:52] {dino} indeed
[15:54] {magoo} strong mkt
[15:58] {Threei}  okay guys, thank you all
[15:58] {Threei}  have a good evening
[15:58] {Threei}  see you tomorrow
[15:58] {nemo} so far, minor pull back
[15:58] {magoo} ty vad..everyone
[15:59] {fernp} good evening
[15:59] {dino} cya vad fern
[15:59] {nemo} evenin'
[15:59] {larisa} bye
[15:59] {nemo} you close joyg dino
[15:59] {dino} out tcl .24 -.01
[16:00] {dino} yes see above got +.10
[16:00] {dino} holding nothing
[16:00] {nemo} yep
[16:01] {dino} ok, gotta hop, golf calls