Jul 07 2009

Nice day with RIMM and WFC longs, then RIMM short - all for good siezeable gains, and just couple small stops. Nothing to complain about.

Session Time: Tue Jul 07 00:00:00 2009

[08:11] {BillyD} gm

[08:11] {BillyD} I loike your topic

[08:11] {BillyD} like

[08:11] {nemo} been taking typing lessons from Vad?

[08:12] {BillyD} lol;

[08:26] {Threei} Good morning

[08:26] {BillyD} Vad :0

[08:26] {nemo} haroo

[08:27] {Raven} {}

[08:28] {nemo} been to Nevermore lately?

[08:28] {Raven} neveragain

[08:28] {Threei} \|/

[08:28] {nemo} Howe's Lenore?

[08:29] {Raven} disgusting

[08:29] {nemo} Oy weh....falling out, huh?

[08:29] {Raven} old bag

[08:29] {nemo} I get your drift

[08:29] {Raven} I try not to

[08:30] {Threei} *(CA) CANADA MAY BUILDING PERMITS M/M: 14.8% V 0.8%E

[08:30] {jfjf64} mornin all

[08:31] {Threei} jf :)

[08:36] {Alw} gm all

[08:36] {Threei} Alw :)

[08:37] {fernp} hello everybody

[08:37] {Threei} fern :)

[08:43] {Threei} GERN Hearing renewed takeover chatter circulating (7.91, 0.00, 0.00%)

[08:44] {Threei} sigh

[09:02] {_kenyee} Newbie here, trying to see if this is right for me, guidance and comments anyone?

[09:02] {nemo} Oh Oh

[09:03] {cosmo} stay calm?

[09:03] {nemo} do the trades Vad calls...

06[09:03] * Threei hides under the nearest rock

06[09:03] * nemo should listen to his own advice

[09:04] {_kenyee} Thanks, how long have you been in the room?

[09:04] {Threei} me??

[09:04] {nemo} oh, our sense of humor can be perceived as...ah...um...shall we say...don't know what to say

[09:04] {nemo} since he woke up this morning

[09:04] {Threei} never mind... my sense of humor is strange

[09:04] {Threei} even to me

[09:05] {_kenyee} in terms of weeks or years

[09:06] {cosmo} hmmm....10 years?

[09:06] {nemo} If you ask anybody here I've been here too long

[09:07] {Threei} nah nemo, we are still willing to tolerate you

[09:07] {Threei} cosmo... RT's inception is 2000... math is not your strongest suit?:)

[09:08] {Raven} details

[09:08] {cosmo} but... it is

[09:10] {cosmo} still trying to grasp the metaphysics....

[09:11] {Threei} metaphysics? I am still trying to make my peace with the concept of gravity...

[09:11] {_kenyee} Threei, yesterday you called Rimm short after .25 if holding .30, does that mean short at .25 and stop loss at .30?

[09:11] {_kenyee} Sorry Cat

[09:11] {Threei} I think that was CAT

[09:11] {Threei} yeah

[09:11] {Threei} stop is above .30 in such cases,

[09:11] {Threei} meaning if stock breaks .30

[09:12] {_kenyee} that's a tight stop

[09:12] {cosmo} 3i...the natural resting state of the universe is 'freefall' .... did you know?

[09:12] {Threei} that was particularly nice setup

[09:12] {Threei} not always we get it that good

[09:13] {Threei} is it cosmo?... mine is "deep sleep"...

[09:13] {_kenyee} does anyone beside Threei trade for a living as their main source of income?

[09:13] {cosmo} ah...that's similar

[09:13] {Raven} chaos ... like this room

[09:13] {dptl} good morning all

[09:14] {Threei} dp :)

[09:14] {magoo} guvyfiuyfjyf

[09:14] {Threei} magoo :)

[09:15] {Threei} MTXX sees some interest this morning

[09:17] {magoo} anuy others boss

[09:17] {nemo} Hey mags

[09:17] {magoo} cap'n :)

[09:17] {Threei} GERN another round of buyout rumors...

[09:18] {magoo} crap

[09:18] {Threei} quiet morning

[09:18] {magoo} that one ugh

[09:23] {nemo} Ya' know, it's psychology damaging to me when I walk through the fishing department in sporting goods stores

[09:23] {nemo} speaking of psychologically damaged, look who just signed in

[09:24] {ese} gm.....lousy internet service here at Disney..........we'll see what happens

[09:24] {Threei} JAZZ ompletes $7 Million Private Placement (3.63, 0.00, 0.00%)

[09:24] {Threei} ese :)

[09:24] {dino} gm all

[09:24] {BillyD} CHLN any news?

[09:24] {nemo} in "land" or "world" ese?

[09:25] {dino} kenyee, yes

[09:25] {Threei} dino :)

[09:25] {_kenyee} thank you

[09:25] {Threei} CHLN Guides Q2 Rev $23.9M v $14.4Me (3 est) (5.20, 0.00, 0.00%)

[09:25] {BillyD} ty

[09:26] {Threei} ese, when are you coming back?

[09:27] {ese} will be back thursday afternoon

[09:27] {ese} hey nemo disneyland

[09:27] {dino} es, turn the computer off an enjoy vacation

[09:28] {nemo} He's gotta' get his fix, otherwise he has to go play with the kids

[09:28] {ese} can't.....my bstop for INTC at .85 was hit.....i'm in

[09:30] {nemo} and their off.....

[09:33] {cosmo} HNSN

[09:33] {Threei} lousy guidance yesterday

[09:33] {cosmo} i know

[09:34] {nemo} whoa fcx just went through the trap door

[09:34] {magoo} big pullbk jpm vad

[09:35] {Threei} all ginnies

[09:35] {Threei} I'd prefer WFC

[09:35] {nemo} you mean finnies

[09:35] {Threei} JOPM is even nastier

[09:35] {Threei} yeah, those

[09:35] {nemo} thought you' switched from vodka

[09:36] {Threei} jpm

[09:36] {Threei} .40 is holding so far

[09:36] {Threei} one more pullback

[09:36] {Threei} now .55 is long trigger

[09:36] {Threei} just keep size modest

[09:37] {Threei} half lot

[09:37] {Threei} atop under .40

[09:37] {Threei} invalidated

[09:40] {jfjf64} dfs .47 l

[09:41] {Threei} Long Setup: RIMM .70 half lot

[09:41] {jfjf64} invalid

[09:41] {Threei} if stays above .50

[09:42] {KSystems} morning!

[09:42] {Threei} KS :)

[09:43] {Threei} RIMM 1:1

[09:43] {Threei} scalpers are out, day traders half out

[09:44] {BillyD} ty Vad RIMM

[09:44] {Threei} welcome

[09:44] {magoo} i am out TY

[09:44] {magoo} when uj say rimm..im goin inn

[09:45] {Threei} poetry? that early in the morning?

[09:45] {Threei} what is this room coming to...

[09:45] {magoo} when u say JP..i say ..maybee

[09:45] {Threei} stop to .65 second half of RIMM

06[09:45] * nemo slaps magoo around a bit with a large sledge hammer

[09:46] {Threei} thank you nemo

[09:46] {nemo} subtlety just wasn't going to suffice

[09:46] {Threei} no, not with magoo

[09:47] {wulff} off goes MRVL

[09:47] {jfjf64} dfs

[09:47] {Threei} Attention: RIMM offer second half at 61.08 who held it

[09:48] {Threei} 69.08 is more like it

[09:48] {Threei} direct hit

[09:48] {BillyD} good read vad

[09:48] {Threei} my a$$ is out

[09:50] {_kenyee} do you use limit orders to enter?

[09:50] {nemo} 90+%

[09:51] {magoo} always

[09:51] {_kenyee} ty

[09:53] {Threei} ugh... WFC

[09:53] {wulff} just saw that myself

[09:54] {Threei} AIG

[09:54] {Threei} dive under .50 is long

[09:54] {Threei} .40 nearest support

[09:55] {Threei} first strength from here

[09:55] {Threei} in

[09:55] {Threei} .49

[09:55] {magoo} .49

[09:55] {Threei} stop under .40 for scalpers

[09:55] {Threei} under .35 for day trade

[09:56] {Threei} no worky

[09:56] {Threei} OK, WFC

[09:56] {Threei} seems to be coming back for us

[09:56] {BillyD} relentless in selling pressure

[09:56] {Threei} .15 - .20 zone should be it

[09:57] {Threei} reverse split didn't work too well for AIG eh?

[10:01] {Threei} market is still selling

[10:01] {Threei} waiting for it to strengthen, WFC is where we wanted it

[10:03] {Threei} .20 break long

[10:04] {_kenyee} what is stop?

[10:05] {Threei} .14 low of this pullback... so .13 for very stingy, under .10 is more like it

[10:08] {Threei} not a scalp for me, will try to partial

[10:08] {Threei} offering 1/2 .33

[10:09] {Threei} STSI Files Motion for Judgment/New Trial in Patent Infringement Lawsuit against RJ Reynolds, Announces Retention of Carter G. Phillips, Esquire as Appellate Counsel

[10:09] {Threei} - trial counsel has filed a motion for Judgment as a Matter of Law and In the Alternative, for a Ne... (1.12, 0.13, 13.13%) more... (related RAI )

[10:10] {Threei} hardcore scalpers have 1:1 on WFC

[10:10] {Threei} market weakens again

[10:11] {Threei} out 1/2 .30

[10:11] {Threei} stop to .15

[10:12] {Threei} Strength in healthcare stocks (particularly HMOs) attributed to further chatter today about Democrats moving closer to striking deals on healthcare plans

[10:12] {Threei} - WSJ reported this morning that the White House Chief of Staff said reiterated that the Administration is willing to be flexible on healthcare reform as long as the deal gets done. He stated that "the goal is to have a means and a mechanism to keep the private insurers honest", but that the path to achieving the goal is negotiable.

[10:12] {Threei} - further overnight, following up on reports from last month, word came that hospitals are getting closer to an agreement with the Chairman of the Senate Finance Committee Max Bauchus (D). The latest report indicates hospitals are willing to agree to lower than expected payments for Medicare and Medicaid.

[10:12] {Threei} - overnight, Senator Grassley did question the timing of any healthcare bill, stating the vote may not come in the Senate before the August recess as has been targeted, but he still expect the legislation to pass this year.

[10:16] {BillyD} WFC holds pretty well considering

[10:16] {BillyD} I am out already

[10:17] {Threei} so far so good

[10:17] {Threei} nneds market help

[10:18] {Threei} but havng it secured I am confortable holding half

[10:18] {BillyD} peace of mind lol

[10:18] {Threei} market help is rare commodity these days eh? :)

[10:18] {BillyD} no kidding

[10:18] {Threei} US President Obama: A Public insurance plan is the best path forward to 'keep health insurance companies honest' (related IYH )

[10:19] {jfjf64} c/h dfs vad any read there

[10:19] {Threei} doesn't feel like a lot of potential here jf

[10:19] {Threei} I am not jazzed about it

[10:20] {BillyD} speaking of JAZZ

[10:20] {jfjf64} lol

[10:21] {Threei} MGM and LVS... where else the activity goes, lol

[10:22] {Threei} okay

[10:22] {Threei} offering 1/4 more .38

[10:23] {Threei} hit

[10:23] {Threei} stop to .19 for the last piece

[10:24] {Threei} [09:56] {Threei} .15 - .20 zone should be it {--- bow's that for precision?

[10:24] {Threei} or for my typing for that matter

[10:24] {nemo} $.05

[10:25] {nemo} How's the shoulder?

[10:25] {Threei} just fine, thank you

[10:25] {Threei} in its customary position

[10:29] {dino} sm risky l esi .50 stop lod

[10:30] {dino} watching wynn, shld dltr, deck

[10:33] {Threei} done with last piece of WFC

[10:34] {tomg} nice call wfc, vad, ty

[10:34] {Threei} :)

[10:42] {Threei} SQNM Strength attributed to report that a company official stated Monday that SQNM still plans to expand its Grand Rapids laboratory as it awaits outcome of SEC probe

[10:42] {Threei} - A Michigan based press report cited an official of the company who stated plans would go forward f... (3.61, 0.25, 7.44%) more...

[10:43] {Threei} Long Setup: WFC .10 break

[10:43] {Threei} stop under .05

[10:45] {Threei} just a scalp this time most likely

[10:48] {Threei} no worky WFC this time

[10:49] {nemo} might be a short that last dip brought it through it's close from yesterday, support @ .99

[10:51] {magoo} GS AIG trying so wfc might

[10:52] {Threei} could be... it's just that things become a bit random

[10:54] {magoo} definately getting harder

[10:56] {Threei} see these up and down with no pattern whatsoever?

[10:56] {Threei} this is what I want to stay away from, it's a chop chop that will cost you stop after stop

[10:56] {dino} esi to .92

[10:57] {dino} stopped +.40 slippage

[11:01] {BillyD} Vad, any thoughts on DFS short on .25 break

[11:02] {BillyD} seems to have daily support in low 9's

[11:02] {dino} amag gives it back today

[11:02] {BillyD} wondering if worth potential

[11:02] {Threei} looks right billy

[11:02] {dino} imo, eyes on 5s and 0s this week, option exp next

[11:03] {ese} nice trade esi dino

[11:04] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=a3wUXb42NPX0

[11:05] {jfjf64} wfc broke

[11:06] {Threei} SQNM may be has some fuel

[11:06] {dino} ty es

[11:06] {nemo} just hit VWAP see if it breaks that

[11:06] {Threei} makes new highs slowly and steadily

[11:08] {dino} shocking, it's raining here again

[11:09] {nemo} yeah, here too

[11:14] {dino} qcom sm l .25

[11:15] {dino} met l .24

[11:21] {Threei} Two people familiar with closed-door talks by committee Democrats said a House bill probably will include a surtax on incomes exceeding $250,000, as Congress seeks ways to pay for changes to a health-care system that accounts for almost 18 percent of the U.S. economy.

[11:21] {Threei} okay guys, I am opening an asylum for fugitives

[11:21] {nemo} household incomes

[11:24] {dino} moving to canada

[11:25] {nemo} yeah, but after the trader tax, what market are we going to trade? So, do we move to Vancouver or Nova Scotia?

[11:26] {Threei} Vancouver is dangerous place - you have to outdrink dp in order to be lt in, and that's not a small feat

[11:27] {Threei} MTXX

[11:27] {nemo} Ehhh...I can drink well enuff, it's the frickin' hangover..oy weh

[11:27] {dptl} yeah :)

[11:27] {dino} hmmm, is that a double dog dare?

[11:27] {nemo} tsk tsk...that's a breach of etiquette

[11:29] {Threei} market feels like something's brewing... not likely to stay as narrowly locked as yesterday

[11:29] {Threei} breakdown, IMO

[11:30] {johnnyj} feels like another leg down

[11:30] {dino} met stopped -.25

[11:30] {Threei} Short Setup: RIMM 68 break

[11:30] {johnnyj} goog aapl rimm

[11:30] {Threei} if stays under .15

[11:31] {johnnyj} wrong time of day imo for any big move

[11:32] {nemo} shit, I look @ mirc and RIMM breaks

[11:32] {BillyD} lol...same here

[11:33] {nemo} we'll blame johhny..he posted as it broke

06[11:33] * nemo slaps johnnyj around a bit with a large somethin'

[11:34] {Threei} in case you don't know, there are ladies in the room

[11:35] {nemo} what's your point?

[11:35] {Threei} ummm... language?

[11:35] {nemo} xcuse me...let me rephrase...poopie, I look @mirc an RIMM breaks

[11:35] {Threei} sigh

[11:35] {johnnyj} all 4 letter nasdaq are profane

06[11:36] * Threei slaps nemo around a bit with a large diaper

[11:36] {dptl} lol

[11:36] {nemo} How'd you know I wear Depends?

[11:36] {nemo} too much info, huh?

[11:37] {johnnyj} incontenance is common job related issue with daytraders

[11:37] {dino} nasty

[11:37] {Threei} how come I learn so much every day in this room...

[11:38] {ese} incontenance....huh?

[11:38] {Threei} RIMM 1:1

[11:38] {jfjf64} sales 101 like it

[11:38] {jfjf64} ya da man

[11:38] {jfjf64} ty rimm

[11:38] {Threei} sure

[11:39] {jfjf64} ty vad

[11:39] {johnnyj} .70 RIMM important imo

[11:39] {ese} hang on a seceond........be back in a second....have to go to the bathroom

[11:39] {Threei} I should have put it this way: I learn a lot of things I never wanted to...

[11:39] {jfjf64} ditto

[11:40] {Threei} oh, and somehow nemo is a prevalent supplier of those bits of information, lol

[11:40] {jfjf64} trout for all

[11:40] {ese} nemo "IS" a bit of information

[11:40] {Threei} who partials RIMM{ stop to above 68 for the balance

[11:41] {Raven} {}

[11:41] {Threei} you tell them Raven

[11:41] {Raven} }{

[11:41] {Threei} I lost hope

[11:41] {Threei} they are insufferable

[11:42] {jfjf64} hpq s.99

[11:42] {johnnyj} aapl Vad? any feels?

[11:43] {Threei} it's mirroring market and RIMM...

[11:43] {Threei} I wouldn't be opening new short position here

[11:43] {Threei} and don't feel it's safe to go for a bounce

[11:43] {jfjf64} hpq vad

[11:43] {johnnyj} thx

[11:44] {Threei} same comment jf

06[11:44] * nemo feels abused

[11:44] {Threei} riding existing short with half protected is one thing

[11:44] {jfjf64} ty

[11:44] {Threei} opening new p;osition is very different

[11:44] {Threei} welcome to my world nemo

[11:45] {Threei} watch what RIMM does here to get a feeling for what I mean

[11:46] {Threei} bounce would not be a good play here obviously,

[11:46] {Threei} but general weakness while causes some new downticks, is not enougyh to open short

[11:47] {Threei} meanwhile, if you have half of position opened 25 cents ago, and other half is already protected, it feels reasonable and safe

[11:47] {Threei} (US) Rep Hoyer: Need to be open to possibility of additional fiscal stimulus spending (related EUR/USD )

[11:47] {Threei} what the deuce

[11:47] {Threei} are they sane?

[11:48] {nemo} They'll just print more, and no they aren't

[11:48] {nemo} Economic idiots

[11:48] {Threei} this "stimulus" isn't realized and part that is hasvn't done anything,

[11:48] {Threei} so let's do another one

[11:49] {nemo} well, the stimulus bill was only that in name. It basically restored spending the Bush admin had cut. Also the "stimulus bill" is spread over 10 years

[11:49] {Threei} now nemo... why would you type "economic" in front of perfectly valid definition?

[11:49] {jfjf64} mean while chargin consumer 27 percent on bank cards

[11:49] {Threei} 1:2 RIMM

[11:49] {johnnyj} 1/2 out RIMM

[11:50] {johnnyj} lunch is tough hour

[11:50] {Threei} and yet... trades are working

[11:50] {ese} OK....i give up.......seems to be no reason for down market today.......whats all of YOUR considered opinions?

[11:50] {johnnyj} yes

[11:51] {Threei} feel for breakdown coming helped

[11:51] {johnnyj} do not look for reasons..

[11:51] {Threei} ese... since when market needs a reason?

[11:51] {jfjf64} depends how ya spend lunch hour

[11:51] {ese} true

[11:51] {ese} so we could be heading for another up day by the end of it

[11:52] {ese} turnaround tuesday as dino puts it

[11:52] {Threei} technically speaking and looking at daily,

[11:52] {jfjf64} yup

[11:52] {nemo} Ahhh, the economy...errr...can't say that...ah..let's see...yes...funnels a pressure differential through a confined orifice

[11:53] {Threei} we formed something like head and shoulders (mind you, questionable anatomy from beauty point of view),

[11:53] {jfjf64} dont forget coverage on michael

[11:53] {nemo} geez...we're really going off the track today

[11:53] {Threei} and forming something like inverted C&H (again, no china master would be proud)

[11:54] {johnnyj} missed qcom quality dump

[11:54] {Threei} lower high too

[11:54] {ese} who is belle? We ran into here infront of the disney castle yesterday

[11:54] {johnnyj} great flag there

[11:55] {ese} Michael Jackson funeral.........that would drive the market down....

[11:56] {nemo} oy...ese...go play

[11:56] {_kenyee} when you call a trade the stop is if 'below x price' for short and 'above x price' for long, is that correct?

[11:56] {johnnyj} GOOG under 400 is interesting bellweather to me

[11:57] {Threei} opposite

[11:57] {Threei} if you short, stop is above resistance

[11:57] {Threei} if long, below support

[11:58] {johnnyj} market is moonwalking

06[11:58] * nemo slaps johnnyj around a bit with a large copy of Thriller

[11:58] {magoo} explain jonny

[11:58] {johnnyj} vinyl hurts

[11:58] {jfjf64} lol

[11:58] {Threei} stop is exit on a loss side... profit taking is exit of positive side

[11:59] {johnnyj} moonwalking.... aimed forward... moving back

[11:59] {_kenyee} for RIMM when you said 'under .15' what did you mean?

[11:59] {nemo} if RIMM stays under 68.15 that was the stop

[11:59] {Threei} [11:30] {Threei} if stays under .15

[11:59] {Threei} meaning:

[11:59] {Threei} .15 is resistance level,

[11:59] {_kenyee} ty

[11:59] {Threei} if it gets broken before trade is triggered - trade is invalidated

[11:59] {Threei} if after - trade is stopped

[12:00] {jfjf64} vad i thought ya hv sm MJ music playin in backround today for ya students

[12:00] {nemo} His wife would kill him

[12:00] {Threei} I am rather Tom Waits type

[12:01] {johnnyj} sell car and short 2 shares GOOG

[12:02] {vinod} good afternoon to all

[12:02] {Threei} vinod :)

[12:02] {johnnyj} RIMM

[12:02] {johnnyj} new leg

[12:04] {johnnyj} cruel slow lunch hour

[12:04] {magoo} im thinking time to go long everything

[12:04] {Threei} feeling suicidal today?

[12:04] {ese} i'm with ya there mags

[12:04] {magoo} holds yesterday lows

[12:05] {johnnyj} actually ia ma looking for one more leg then i am long

[12:05] {magoo} [12:04] {&Threei} feeling suicidal today?

[12:05] {johnnyj} i am

[12:05] {magoo} always vad

[12:05] {Threei} okay then

[12:05] {Threei} long GOOG

[12:05] {ese} been watching this pattern in drys most of the days and am starting to think about building a long position here

[12:05] {Threei} 5K

[12:05] {nemo} with a $70 stop

[12:06] {johnnyj} any $ left over for lunch?

[12:06] {BillyD} lol

[12:06] {Threei} you still have RIMM johnny?

[12:06] {johnnyj} Vad shakes vending machine after depositing lst quarter

[12:06] {Threei} lol

[12:06] {johnnyj} 1/2 still short

[12:06] {magoo} long aapl .29

[12:07] {johnnyj} took half at .70

[12:07] {Threei} I'd trail stop to above .85

[12:07] {Threei} here we go new low

[12:07] {Threei} bid 1/4 more .55

[12:07] {johnnyj} busted stock imo... gonna ride it for a bit... just a feel

[12:08] {magoo} AIG trying vad..any read??

[12:08] {Threei} 1:3 RIMM

[12:08] {Threei} beautiful

[12:09] {Threei} no mags

[12:09] {Threei} sorry but I already took that GOOG trade because of you

[12:09] {Threei} US) House Majority Leader Hoyer (D): Need to be open to possibility of additional fiscal stimulus spending; health care reform must be 'paid for'; with all options on table

[12:10] {Threei} almost 1:4 RIMM

[12:10] {magoo} sacraledge..but i think rimm bounce time

[12:11] {johnnyj} if .24 I will play short cover bounce

[12:12] {magoo} my read depends on mkt upward rip

[12:12] {johnnyj} 1/2 out at .40 plan

[12:12] {johnnyj} i mean 1/4 original trade

[12:13] {Threei} magoo's song when entering long for bounce:

[12:13] {Threei} So please call my missus

[12:13] {Threei} Tell her not to cry

[12:13] {Threei} 'Cause my goodbye is written

[12:13] {Threei} By the moon in the sky

[12:13] {Threei} And nobody knows me

[12:13] {Threei} I can't fathom my stayin'

[12:13] {Threei} Shiver me timbers

[12:13] {Threei} I'm a-sailin' away

06[12:14] * nemo cracks...crawls in cave, closes door, pulls blanket over head

[12:14] {jfjf64} stick to trading vad

[12:14] {jfjf64} lol

[12:14] {johnnyj} johnny waving lighter in air... calling for encore

[12:14] {magoo} what the.....

[12:14] {Threei} sigh... me is so underappreciated

[12:14] {ese} hey....i thought it sounded good.......

[12:14] {Threei} thank you ese

[12:15] {ese} you might not make my R&B band if you auditioned...but it was a good shot

[12:15] {Threei} poor Tom Waits... lol

[12:15] {johnnyj} market can go down with no volume...

[12:16] {jfjf64} who is tom waits

[12:17] {ese} vad ...what do you make of this 1 min chart for drys........look like some accumulation going on here

[12:17] {ese} i like the fact it ain't goin with the market at this point

[12:17] {johnnyj} Al Franken.... the apocolypse is here

[12:18] {nemo} 3 more years

[12:18] {Threei} http://en.wikipedia.org/wiki/Tom_Waits

[12:18] {Threei} not enough information yet ese...

[12:18] {Threei} this chart can turn eother way

[12:18] {ese} tks

[12:18] {ese} will wait

[12:20] {ese} watching the way this thing has operated the last 8 months gives me the "it's time to buy a load feeling"

[12:21] {ese} it's got that FITB feel to it for me when i was making all that money with fitb

[12:21] {Threei} quite possible,

[12:21] {Threei} same thing UAUA

[12:21] {ese} i'll check that out

[12:22] {ese} ya definately there as well

[12:27] {johnnyj} RIMM a bit more then bounce..

[12:28] {Threei} RIMM is 1:5

[12:28] {Threei} more than nice for a lunch time

[12:28] {johnnyj} out and now long...

[12:28] {johnnyj} last 1/4 .75 nice

[12:29] {Threei} yeah, for 15 cents risk?

[12:29] {dino} rimm gap around 58

[12:29] {Threei} noty sure it's time to go long yet though

[12:29] {Threei} may work... just not very compelling

[12:29] {johnnyj} i know... just a feel...

[12:29] {johnnyj} can't justify

[12:30] {Threei} don't have to

[12:30] {Threei} wait... you must

[12:30] {johnnyj} 500 word essay

[12:31] {Threei} JBLU Reports June load factor 80.3% v 77.8% y/y (4.09, -0.05, -1.21%) '

[12:34] {johnnyj} I do appreciate your feedback Vad... I am cautious in light of your advice

[12:35] {Threei} well, ultimately it all comes to risk control...

[12:43] {johnnyj} out 1/2 RIMM long .26

[12:45] {Threei} wtg

[12:49] {johnnyj} 1/4 out .50 RIMM

06[12:49] * Threei slaps johnnyj around a bit with a large roll of cash

[12:50] {johnnyj} feels good

[12:50] {jfjf64} johnny j is back

[12:51] {jfjf64} better then viagra

[12:52] {Threei} I am telling you...

[12:52] {Threei} learning never ends {G}

[12:53] {ese} out to disney all....see you all tomorow...my son son is going to do the JEDI training session this morning take care

[12:53] {jfjf64} enjoy ese

[12:54] {ese} cya jf

[12:54] {johnnyj} and remember.. that guy in the Mickey Mouse suit is a former realtor

[12:54] {BillyD} lol

[12:54] {ese} are you serious?

[12:54] {BillyD} rflol

[12:54] {johnnyj} mortgage broke

[12:54] {ese} ese...takes the bait

[12:54] {johnnyj} broker

[12:55] {ese} cya

[12:55] {BillyD} have fun ese

[12:55] {dino} sm pru l .00

[12:56] {Threei} take care ese, have fun

[12:59] {Threei} Clean Energy Fuels Strength attributed to upcoming debate on Natural Gas fuel bill in the US Senate

[12:59] {Threei} - in a note earlier today, Lazard noted "the Senate version of the NAT GAS Act is expected to be introduced on Wednesday, by Senators Robert Menendez (D-NJ) and Orrin Hatch (R-UT).

[12:59] {Threei} The bill is expected to be similar to the House of Representatives New Alternative Transportation to Give Americans Solutions Act of 2009 (NAT

[12:59] {Threei} GAS Act; HR 1835), introduced in April of this year, calling for an extension of the vehicle and station tax credit as well as the natural gas fuel credit."

[12:59] {Threei} - CNLE may also be getting a boost from an appearance by one of its largest sharesholders, T. Boone Pickens, on CNBC this morning, once again touting his plans for natural gas as an alternative fuel source for cars.

[13:00] {Threei} internal contradiction for me... I like the natural gas idea and I hate to go along with Pickens, lol

[13:01] {Threei} TREASURY'S $35B 3-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.62 V 2.82 PRIOR AND 2.56 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 54% of competitive bids

[13:02] {Threei} - notes draw 1.519% with 76.3% allotted at high

[13:02] {Threei} TBT up on that, TLT down

[13:02] {Threei} some day I'll learn how to read these numbers

[13:06] {dino} go nat. gas

[13:08] {Threei} AA Exec: Global demand is recovering; China is 'clearly out of the woods' (9.25, -0.01, -0.11%)

[13:10] {Threei} wow AA

[13:10] {Threei} didn't expect it to move on such generality

[13:10] {nemo} everything is moving

[13:11] {nemo} RIMM, FCX PRU cat

[13:11] {Threei} they all move with market

[13:11] {Threei} AA moves on this particular headline, and in muc bigger proportion

[13:12] {Threei} it reports tomorrow

[13:13] {Threei} that's probably the reason... this is being taken as guidance raised most likely

[13:14] {johnnyj} done with RIMM lst 1/4 1.01 not greedy

[13:15] {Threei} gj

[13:17] {dino} hmmm 886 holds again (so far)

[13:18] {Threei} beauty of polls is, they let you know exact % of idiots:

[13:18] {Threei} Just 27% Favor Second Stimulus Plan This Year

[13:23] {Threei} sheesh AA

[13:24] {dino} only 10% of first has been issued and they want a second, unbelievable

[13:28] {magoo} u see RTICK?

[13:28] {magoo} RICK

[13:29] {Threei} Tuesday, July 07, 2009 9:01:29 AM

[13:29] {Threei} Rick"s Cabaret International Inc. Reports June SSS +0.25% y/y

[13:29] {Threei} - Q2 SSS -5.5% y/y

[13:29] {Threei} - Q2 Total rev $20.7M (+30.3% y/y) v $18.4Me

[13:30] {dino} schn moving

[13:30] {dino} ahhh rick

[13:30] {magoo} dino favorite

[13:31] {dino} lol

[13:33] {johnnyj} completely missed the JAZZ action today...

[13:36] {johnnyj} oh my AA

[13:39] {Threei} World Bank's Zoellick: All world leaders should commit to Doha round; US should take USD comments seriously and address its fiscal position

[13:44] {Threei} UNG Trading halted; news dissemination (12.64, 0.08, 0.64%)

[13:46] {Threei} Representative of US commodity fund commented that did not have any information regarding the halt of this ETF; would later issue a PR

[13:46] {Threei} wow

[13:46] {Threei} what the deuce

[13:53] {Threei} United States Natural Gas Fund On July 6, 2009, the United States Natural Gas Fund, LP (UNG) announced in a current report on Form 8-K that only 32,100,000 of its units registered with the Securities and Exchange Commission (the SEC) were available for purchase by UNGs Authorized Purchasers.

[13:59] {Threei} AA becomes interesting

[14:00] {Threei} one more sharp leg down, and bounce play will be in order

[14:05] {jfjf64} lot of green stock not movin

[14:06] {_kenyee} do you look at the general market when trading?

[14:06] {jfjf64} hmm

[14:06] {nemo} put pieces of paper on wall with tickers...throw darts

[14:07] {jfjf64} listen to beat it by MJ

[14:07] {jfjf64} LOL

[14:07] {nemo} different indices....ie when trading financials often used fas or faz

[14:07] {nemo} watch qs spy

[14:07] {jfjf64} vad aayet

[14:09] {johnnyj} certainly you want to know how your target stock correlates to different markets

[14:09] {johnnyj} mute CNBC

[14:11] {johnnyj} GOOG can't hold 400 ... why do I care?

[14:14] {fernp} AA formed double bottom

[14:23] {dptl} have a good evening all

[14:23] {Threei} take care dp

[14:24] {Threei} _kenyee... yes, as a general directional guidance

[14:26] {_kenyee} ty

[14:28] {Threei} Senate Majority Leader Reid (D): There is no need for a second stimulus plan

[14:28] {Threei} we know, tank you

[14:28] {Threei} Note that earlier in the session, House Majority Leader Hoyer (D) said need to be open to possibility

[14:33] {johnnyj} UNG

[14:34] {dino} ndx -5.5% since july 1 high

[14:36] {magoo} any good reports tonite vad?

[14:38] {Threei} nope

[14:38] {Threei} VIMC is reporting

[14:38] {Threei} lol

[14:50] {Threei} yawn

[14:50] {Threei} (US) Reportedly Senate panel is considering alternatives to taxing healthcare benefits (related IYH )

[14:50] {Threei} ummm

[14:50] {Threei} scared to think of alternatives

[14:51] {Threei} I can just see senators going "well, let's tax... ummm (looking around) for instance... ummm"...

[14:52] {_kenyee} r u still looking a AA?

[14:53] {Threei} AA will probably be a player tomorrow, before earnings

[14:53] {Threei} today, I would feel safer with it if it dropped into .40

[14:53] {johnnyj} TECH IS SLIPPING AWAY HERE

[14:54] {johnnyj} sry about caps

06[14:56] * nemo slaps johnnyj around a bit with a large copy of mirc trading room etiquette

[14:58] {Threei} lol

[14:58] {johnnyj} left hand has a white sequined glove.. accidently hit cap lock

[14:58] {Threei} feel right at home johnny?

06[14:59] * nemo not touching that one

[14:59] {johnnyj} market sick

[14:59] {Threei} it's actually easier than yesterday

[14:59] {Threei} inactive still,

[15:00] {jfjf64} vad wfc break .60 ?

[15:00] {Threei} but we got this nice downdraft which we could read and utilize

[15:00] {Threei} unlike yesterday's prolonged lock-up period

[15:00] {Threei} if holding .50 jf?

[15:00] {jfjf64} y

[15:01] {jfjf64} ty

[15:01] {Threei} not actual anymore

[15:02] {johnnyj} boredom, then at 14:52 selling.. can't react

[15:02] {BillyD} watching AIG for possible LOD break

[15:03] {johnnyj} lod everywhere

[15:05] {jfjf64} big downdrift

[15:07] {_kenyee} is the last hour of trading any different than the rest of the day?

[15:07] {Threei} often a bit more active than lunch time

[15:08] {johnnyj} Vad is sharpenining canine teeth, readying for close

[15:09] {Threei} canine's resisting and trying to break away

[15:10] {jfjf64} .50wfc vad

[15:11] {Threei} not delighted...

[15:11] {johnnyj} feels like bounce players are done with this market

[15:13] {dino} gut feel is we are going for gap fills at 8016, 1361, 855. not today but imo before expiration

[15:15] {Threei} daily is downward-looking, I agree

[15:15] {dino} since june highs dji -8%; ndx -7%; s/p -8%

[15:15] {magoo} seems to me are are oversold...but hey...i suk

[15:15] {Threei} donwward-facing dog

[15:16] {BillyD} lol magoo

[15:16] {Threei} American International Group, Inc Reportedly loses a $4.3B lawsuit against former CEO Greenberg

[15:16] {Threei} - AIG had accused Greenberg's Starr International of breaching an unwritten trust for deferred compensation for AIG employees

[15:16] {dino} short term i agree magoo, -5.5% ndx in 3 trade days

[15:17] {dino} but gut feels gap fill in the making

[15:17] {magoo} agree

[15:17] {magoo} it ugly and manipulated

[15:18] {johnnyj} there was some decent trading/speculating today.... love to see some capitulation...

[15:18] {magoo} smells like conspiracies everywhere to hit levels

[15:19] {magoo} foolery abounds

[15:20] {johnnyj} any feel for close Threei?

[15:21] {Threei} down

[15:21] {johnnyj} agree... but doesn't feel tradeable

[15:22] {dino} c, jpm, wfc, bac refusing califirnia iou's; wsj

[15:26] {johnnyj} sort rimm under 67 for scalp

[15:27] {nemo} see that volume spike

[15:28] {magoo} when AA report again?

[15:28] {Threei} tomorrow

[15:28] {Threei} after close

[15:30] {nemo} jeez everything spiking @ 3:30ish

[15:30] {nemo} Dino's at it again

[15:31] {BillyD} SNWL for tomorrow continuation

[15:31] {BillyD} rebounds amidst the selling

[15:31] {johnnyj} they'll take the bargain hunters out back and shoot them in a few min's

[15:32] {BillyD} LOL....

[15:32] {BillyD} glad I won't be with them

[15:34] {johnnyj} my problem with the close today is that the so many daily charts gonna look broken ... not that I would ever hold overnight

[15:34] {Threei} join the firing squad Billy

[15:34] {Threei} you can get your bullets at the booth #3, manned by nemo

[15:35] {nemo} what caliber?

[15:35] {BillyD} Spectator would be less violent...I will watch you shoot

[15:35] {BillyD} lol

[15:35] {Threei} may I have the grenade, nemo?

[15:35] {nemo} actually, using swords are more fun...you get to watch the chunks come off

[15:35] {nemo} fragmentary, concussive, WP?

[15:35] {BillyD} speechless

[15:35] {Threei} speechless grenade??

[15:36] {BillyD} aren't they all to the recipients

[15:36] {nemo} you wanna see somebody writhe in agony but not terminally injure them...cut the achilles

[15:36] {Threei} again... things I learn...

[15:37] {nemo} that would have Ahhnold squeeling like a little girl

[15:37] {BillyD} I cringe at mere thought

[15:37] {nemo} or me after my vodka is taken away

[15:37] {Threei} what's with HGRD?

[15:38] {johnnyj} still watching RIMM ... move under 67 would really hurt ... thus, it seems likely

[15:39] {BillyD} HGRD mayb e ramp for 7/28 eps

[15:41] {johnnyj} 66.96 short entry

[15:43] {johnnyj} 1/2 out .12

[15:45] {dino} ppt watch

[15:46] {dino} ice bloody

[15:47] {johnnyj} ie RIMM

[15:47] {johnnyj} die

[15:48] {johnnyj} done .17 last half

[15:48] {johnnyj} too late in day

[15:48] {Threei} good finish

[15:49] {dino} wynn 5 day -23%

[15:49] {dino} penn holds better

[15:49] {Threei} MGM in green still

[15:49] {dino} rimm wants 65 strike soon

[15:50] {dino} intc upgrade no help

[15:51] {johnnyj} don't even know what's for dinner... can't think that far ahead

[15:51] {johnnyj} bad daily candle for the IBD crowd to admire

[15:51] {Threei} day traders are forbidden to have memory/attention span longer than 7 mnutes

[15:52] {johnnyj} often wondered what the number of min was

[15:52] {Threei} fish is about 18 seconds

[15:53] {johnnyj} more evolved

[15:53] {cosmo} i got down to three seconds after the operation

[15:53] {Threei} you caught up with me and moth, cosmo

[15:53] {cosmo} i can still drive too

[15:54] {Raven} sigh

[15:54] {Threei} why do you think I try to answer all the question as quickly as possible

[15:54] {nemo} what state you in cosmo?

[15:54] {johnnyj} bliss

[15:54] {nemo} nice

[15:54] {Threei} lol

[15:54] {nemo} I was talking physical location

[15:54] {cosmo} checking

[15:54] {Threei} oh.. Bliss, CA then

[15:55] {dino} roflol johnny

[15:55] {Threei} I like johnny's answer to much to let it get wasted

[15:56] {dino} at this pace could fill those gaps around tomorrows open

[15:56] {Threei} gotta remember to watch AA tomorrow

[15:56] {dino} gap down fill, then big up

[15:57] {Threei} okay guys

[15:57] {Threei} thank you all

[15:57] {johnnyj} complete carnage at close

[15:57] {Threei} have a great evening

[15:57] {BillyD} cya all tomorrow

[15:57] {Threei} see you tomorrow

[15:58] {dino} cya 3i

[15:58] {dino} dji-8%

[15:58] {dino} june highs

Jul 06 2009

As it becomes customary this summer, we better get our plays in the morning, then market goes into comatose state. Today was not exception. SPPI worked for us early, GERN got stopped, but then CAT short and RIMM short made the day.

Session Time: Mon Jul 06 00:00:00 2009

[08:12] {Threei} 7:30:24 AM

[08:12] {Threei} Geron Corp Geron scientists and collaborators publish data demonstrating functional Dendritic cells can be derived

[08:12] {Threei} - These findings support the use of hESC-derived DCs in therapeutic vaccine applications for cancer and other diseases. Substituting standardized, off-the-shelf hESC-derived DCs for current approaches using DCs obtained from individual patients may result in more cost effective and reliable approaches to cancer immunotherapy.

[08:14] {nemo} mornin'

[08:14] {Threei} Good morning

[08:14] {Threei} 8.15 GERN's high from Wed and a few min earlier

[08:16] {nemo} tck bounced higher on the china deal, but other metal producers down, wonder how gravity will affect tck?

[08:34] {Threei} DNDN got happy for some reason

[08:39] {Threei} DNDN Pre-market strength being attributed to positive commentary at Merriman (23.48, 0.00, 0.00%)

[08:47] {fernp} good morning everybody

[08:47] {nemo} It's Monday.....

[08:49] {Threei} fern :)

[08:50] {Threei} this is very deep observation nemo

[08:51] {nemo} Yeah, I'm very philosophical

[08:52] {BillyD} gm all

[08:52] {nemo} how's the jeri curl?

[08:53] {Threei} Billy :)

[08:57] {magoo} morning

[08:57] {Threei} magoo :)

[08:57] {nemo} magus

[08:58] {magoo} :)..what we looking at?

[08:59] {Threei} I am torn between ceiling and lefthanf wall

[09:01] {magoo} choose ceiling..upward bias

[09:01] {Threei} ty

[09:02] {Alw} gm all

[09:02] {Threei} Alw :)

[09:03] {cosmo} SPPI

[09:05] {cosmo} dropped 20% in pre-market trade as the company said the Food and Drug Administration requested that the company submit data files from a study to support proposed labeling on Zevalin to treat non-Hodgkin's Lymphoma patients.

[09:05] {ese} good morning from the Disneyland Grand California hotel and Spa

[09:06] {cosmo} wha?

[09:06] {Threei} ese :)

[09:06] {ese} i'm in California

[09:06] {cosmo} omg

[09:06] {ese} at Disnyeland with the family

[09:07] {ese} and i'm up at 6:am to be with you lot!

[09:07] {cosmo} gee

[09:07] {Threei} that's dedication

[09:07] {ese} morning cas

[09:07] {cosmo} you have a tram hook up?

[09:07] {ese} ya well......have to pay for this holiday somehow

[09:08] {ese} whats a tram hook up

[09:08] {Threei} cosmo... he is about a mile or two from the place where we took that famous "let's find the parking spot" ride

[09:08] {cosmo} sigh

[09:08] {cosmo} carefull, ese

[09:09] {ese} shy

[09:09] {ese} why

[09:09] {cosmo} do your own driving

[09:09] {ese} don't plan on going anywhere.......just staying right in the hotel

[09:09] {cosmo} avoid mad hatters

[09:09] {ese} now thats good advice

[09:10] {cosmo} you have the tram go right to the park?

[09:10] {cosmo} from hotel?

[09:11] {ese} were basicallly right in the park....step outside the hotel and you almost fall into the white water rapids ride

[09:11] {cosmo} carefull, engine joe's cave

[09:11] {ese} bear mountain or wolf mountain they calll it

[09:12] {ese} whos engine joe

[09:12] {cosmo} tom sawyer nemisis

[09:12] {ese} ahhhhhhh

[09:12] {Threei} SPPI UPDATE: Received complete response letter from FDA requesting new file submission regarding Zevalin

[09:12] {Threei} - did not request additional clinical trials or new data analyses

[09:12] {cosmo} i miss the moon rocket

[09:12] {Threei} Co. will respond by July 8th, Spectrum is confident that the data it will submit will satisfy the requirements of the Complete Response letter, and, at this time, continues to expect a favorable regulatory decision.

[09:13] {ese} in tomorowland

[09:13] {ese} it's star wars now

[09:14] {cosmo} yeah...things change

[09:14] {ese} the place is huge though....basicallly 2 parks

[09:16] {ese} you live here cas?

[09:16] {ese} cos?

[09:16] {cosmo} san diego

[09:17] {ese} so coffee's out?

[09:17] {cosmo} in

[09:17] {Threei} so far all I've got is:

[09:17] {ese} you get up here offten

[09:18] {Threei} SPPI bounce play if dives at the open,

[09:18] {cosmo} not these days

[09:18] {Threei} GERN bounce play

[09:18] {cosmo} too crazy

[09:18] {Threei} 5.60 was tempting on SPPI but premarket trading is a bit too thin on it

[09:18] {ese} understandable.......traffic on that freeway is nuts

[09:18] {ese} with a capitol N

[09:19] {cosmo} all caps, i say

[09:21] {cosmo} SPPI may try....

[09:21] {Threei} overall, be ready to remain patient and inactive... it's Monday at the height of the summer after blissful long weekend

[09:21] {Threei} risk appetite is not likely to be big today

[09:21] {Threei} which may easily translate into inactive market

[09:24] {cosmo} ah... traders went to disneyland

[09:24] {Threei} yeah... it's ese's fault

[09:25] {nemo} what's cat look like?

[09:25] {jfjf64} mornin

[09:26] {dino} gm all

[09:26] {Threei} jf, dino :)

[09:26] {nemo} hello

[09:27] {nemo} Haven't heard a sqawk out of the bird yet

[09:31] {Threei} Long Setup: SPPI .80 if stays above .65

[09:31] {Threei} see big offer by EDGX?

[09:32] {Threei} when it mels down get in

[09:32] {dino} 895 s/p filled

[09:33] {Threei} GERN... pullback under 8 for entry

[09:33] {Threei} stop under 7.85

[09:34] {Threei} missed it

[09:34] {Threei} SPPI triggered

[09:34] {Threei} stop can be placed under .70 for very risk intolerant

[09:35] {Threei} 1:1, half out

[09:36] {Threei} scalpers take your profit and go back to sleep

[09:36] {jfjf64} ty

[09:36] {Threei} welcome

06[09:36] * Threei slaps dptl around a bit with a large alarm clock

[09:36] {Alw} ty

[09:36] {dptl} good morning all

[09:36] {Threei} alw :)

[09:36] {dptl} :)

[09:37] {BillyD} out ty

[09:37] {Threei} GERN...

[09:37] {Threei} I just can't make up my mind about it

[09:37] {Threei} trades like breakout

[09:37] {Threei} and I hate breakouts on this stock

[09:37] {BillyD} lol

[09:38] {Threei} you know what... let's try this

[09:38] {Threei} half lot in on .15 break,

[09:38] {Threei} if goes, fine, lt'e profit on half lot

[09:38] {Threei} if pullas back, let's try to get second half around 8 or just under,

[09:39] {Threei} place stop under 7.90

[09:39] {Threei} out average entry price should be aroun 8.07 this way

[09:39] {Threei} out - our

[09:41] {Threei} IT) Italian PM Berlusconi: Italian Government disagrees with China and believes worst of crisis is now behind us, China still cautious

[09:42] {cosmo} SPPI wants 6 imo

[09:45] {cosmo} sigh... i killed it....

[09:45] {Threei} lol

[09:45] {BillyD} lol

[09:45] {BillyD} power of cosmo

[09:45] {cosmo} showertime

[09:46] {BillyD} DDSS strong little one

[09:46] {BillyD} from friday

[09:46] {Threei} yeah, one of those irritating movers

[09:46] {Threei} goes and goes, and you never find an entry

[09:46] {BillyD} yep, lack of pace kept me out this morning

[09:50] {Threei} blast from the past: BAMM

[09:51] {BillyD} amazing how some of these stay in business

[09:51] {BillyD} private placement experts

[09:55] {Threei} OK

[09:55] {Threei} so far so good

[09:56] {Threei} 8.06 average on GERN

[09:56] {Threei} stop under .90

[09:58] {ese} somebody must be driving the price of BAMM up.....man that thing has only traded 5k shs.....can you say "manipulation opportunity"

[10:00] {Threei} JUNE ISM NON-MANUFACTURING: 47 V 46.0E

[10:00] {ese} thats should put the market positive

[10:01] {Threei} let's further modify GERN: trail stop to under .95

[10:02] {Threei} that makes risk practically negligible on this one

[10:02] {Threei} if stopped out, won't even negate our SPPI profit

[10:04] {Threei} held by fingertips

[10:05] {Threei} not likely to hold, unless market jumps up

[10:07] {Threei} out GERN

[10:08] {Threei} upholds its reputation of serial disappointer

[10:08] {BillyD} yeah

[10:11] {Threei} Short Setup: CAT .25 if stays below .30

[10:12] {ese} drys is approaching the"just buy a crap load" area

[10:12] {Threei} lol

[10:13] {Threei} very technical terminology

[10:13] {ese} yes.....have developed my own terminology over the years

[10:15] {Threei} over 1:1

[10:15] {Threei} half out .17

[10:16] {Threei} bidding 1/4 more .09

[10:17] {Threei} too greedy?

[10:18] {Threei} stop to b/e

[10:18] {Threei} no hit on my bid yet

[10:19] {BillyD} not in here, but the bounce was weak on it imo

[10:19] {Threei} here it is

[10:19] {Threei} 1/4 more covered

[10:20] {Threei} last portion: stop to above .20

[10:20] {Threei} waiting for sharp spike down

[10:20] {Threei} bidding .99

[10:21] {Threei} ISM's Nieves: There are no real signs of inflation at the moment; should not get too excited about the data this early

[10:21] {Threei} - Complaints about lack of credit among respondents are declining

[10:22] {vinod} GM to all

[10:22] {Threei} because more credit is available or because they don't even complain anymore?

[10:22] {Threei} vinod :)

[10:22] {ese} vino

[10:23] {Threei} or because the sheer numbers of respondents dwindle down?

[10:23] {Threei} in Stalin's speak, No person - no problem

[10:23] {ese} now that was funny

[10:23] {nemo} one person's death-a tragedy. 20 million deaths, merely a statistic

[10:24] {nemo} Uncle Joe too, I think

[10:25] {Threei} let's be stingy and trail CAT stop to .15

[10:25] {Threei} it's not too shabby as it is for a lousy 6 cents initial risk

[10:26] {Threei} changing my mind on cover here

[10:26] {Threei} cancelling .99 bid

[10:27] {Threei} will trail stop and try to milk it

[10:27] {nemo} that pull back didn't even hit the bollinger band average

[10:27] {Threei} yup

[10:27] {Threei} and volume was pathetic

[10:28] {Threei} so trailing above that line is justified

[10:28] {Threei} so is attempt to squeeze more out of it

[10:29] {Threei} keeping an eye on AIG

[10:29] {Threei} not sure of the play yet

[10:29] {Threei} .60 break is kind of obvious entry

[10:29] {Threei} just want ti to establish firmer support

[10:30] {Threei} and closer then current one at .40

[10:30] {nemo} looks a lot like cat with no pullback yet

[10:30] {Threei} Long Setup: AIG .60 break if holding above .50

[10:31] {Threei} US and Russia have formally signed arms reduction agreement

[10:31] {nemo} what, they'll agree to talk about arms reduction

[10:33] {nemo} no volume on AIG

[10:33] {jfjf64} market help with aig

[10:35] {Threei} if you go for aggressive entry, keep stop under .40

[10:36] {Threei} CAT stop to above .10

[10:37] {Threei} 25 cents profit vs. 6 cents of risk... decisions decisionas

[10:38] {dino} ndx gap filled 1424

[10:38] {Threei} AIG invalidated

[10:39] {nemo} whoa spike on volume in cat, might be time to cover

[10:39] {Threei} that was volume on elimination of big bids at 31

[10:40] {Threei} hard to tell really

[10:40] {nemo} 4 birds in the hand worth more than the one in the bush...

[10:40] {Threei} at this point it's rather a matter of trade management than chart read

[10:40] {nemo} right Raven?

[10:43] {Threei} dino... see AMAG?

[10:44] {dino} yes, drup app. i think

[10:44] {Threei} could be your client soon

[10:44] {dino} drug

[10:44] {dino} takeover spec. too

[10:44] {Threei} AMAG Hearing JPM making positive comments (timing uncertain) (54.16, 1.35, 2.56%)

[10:45] {Threei} done with CAT

[10:46] {jfjf64} aig??

[10:47] {Threei} not sure

[10:47] {Threei} no firm read

[10:47] {jfjf64} ty

[10:49] {dino} schn sm l .00, stop .59

[10:52] {johnnyj} play Rimm bounce off 68 round number

[10:53] {Threei} RIMM's unpleasantly weak

[10:53] {Threei} makes new lows even though NASDAQ doesn't

[10:53] {johnnyj} yes

[10:54] {jfjf64} rfmd

[10:56] {Threei} no news that I see

[10:57] {Threei} Cisco Systems Inc Exec: Affirms working on a a live video chat product through TVs; aiming to be available within a year

[10:57] {Threei} - Note: on 6/30 the CEO commented that they were planning to expand their 'telepresence' products into the home within the next 1 to 2 years

[10:57] {Threei} why would I want to chat with anyone via my TV?

[10:57] {Threei} unless it's Angelina Jolie

[10:58] {ese} hmmmm so thats how they do it...reverse splits in FAZ and FAS

[10:58] {Threei} Direxionshares Financial Bull 3X Previously announced reverse splits in FAS and FAZ to be effective July 8

[10:58] {Threei} - as announced on 6/26, FAS will do a 1 for 5 reverse split and FAZ will do a 1 for 10 reverse split.

[10:58] {magoo} u really want her to see u in your pajammies vad?

[10:59] {BillyD} Vad would be in all the tabloids with Brad Pitt wanting to beat him up

[10:59] {Threei} I haven;t given much thought to it mags... I have a year still

[11:00] {dino} hmmmm, not sure if i should comment

[11:00] {Threei} please don't :)

[11:00] {Threei} janiotor opened one eye

[11:01] {jfjf64} .50 break aig vad??

[11:01] {Threei} General Motors Corp GMAC issues statement On Bankruptcy Court Approval Of Sale Of Assets By GM

[11:01] {Threei} - In conjunction with the closing of the sale, the contracts GM has with GMAC will be transferred to the new GM entity. GMAC is pleased to conduct its business operations with the new GM entity and to be part of the solution to stabilize and strengthen the U.S. auto industry.

[11:01] {Threei} toughie jf... I don't know

[11:01] {Threei} kind of 50/50

[11:06] {Threei} http://blogs.reuters.com/commentaries/2009/07/05/a-goldman-trading-scandal/

[11:07] {Threei} I am telling you... thoe russians...

[11:13] {Threei} Long Setup: USO .80 break

[11:13] {Threei} if stays above .70

[11:21] {magoo} look whos on tvl

[11:22] {Threei} very odd to hear russian on CNN

[11:22] {nemo} Communist News Network

[11:24] {johnnyj} lol Vad

[11:38] {dino} schn stop to b/e

[11:43] {dino} mrcy

[11:51] {dino} schn stop to .80

[11:52] {dino} out, .82, +.82 schn

[11:52] {Threei} wtg

[11:52] {BillyD} gj dino

[11:52] {dino} ty

[11:53] {dino} had 1.02 but missed

[11:58] {Threei} President Obama has proposed a global nuclear security summit for 2010

[11:58] {Threei} - Comments that it could potentially be held in Russia.

[11:58] {Threei} - Believes an understanding can be reached with Russia on US missle shield in Central Europe.

[12:08] {jfjf64} dino dino nice nice

[12:11] {johnnyj} patience rewarded with boredom

[12:12] {dino} :)

[12:12] {dino} rtp interesting

[12:18] {Threei} GMGMQ US Treasury's Rattner: Confident ruling on GM will stand, new GM board members will be named later this month

[12:18] {Threei} - Note that overnight, a Federal judge approved GM's bankruptcy sale, as expected

[12:29] {Threei} foam layer on the desk is in order, to prevent serious trauma from chin hitting the surface

[12:30] {nemo} You mean trauma to the desk, right?

[12:30] {magoo} just were a full face helmet

[12:30] {Threei} wow... your reaction time is amazing guys

[12:31] {Threei} I am impressed by your reflexes

[12:31] {nemo} When I was riding a motorcycle, the state made me where a helmet, because they were afraid if I hit my head it would damage the street

[12:31] {BillyD} we don't weant your furniture damaged

[12:31] {nemo} or computer

[12:32] {BillyD} then he wouldn't be able to call trades

[12:33] {Threei} (US) US government releases final stem cell research guidelines, calls for working group to develop "informed consent" rules (related GERN STEM ASTM )

[12:34] {Threei} - working group would consider how existing lines are derived

[12:36] {Threei} US aiming to expand G8 topics beyond financial issues

[12:36] {Threei} really... it's been a while since we discussed details of the technology of making ivory button for hawaiian shirts

[12:39] {Threei} Reportedly G8 talks are ongoing, no action taken as of yet on exit strategy

[12:39] {Threei} - as reported last week, G8 source says China not pushing for talks about reserve currency at meeting

[12:39] {Threei} why would it

[12:40] {Threei} biggest holder of something should be the last one to talk its value down, no?

[12:46] {johnnyj} rimm break 68 could be nice scalp

[12:47] {Threei} short?

[12:47] {Threei} 68.11 is current low

[12:48] {johnnyj} yes... sick dog

[12:48] {johnnyj} positioned for capit bounce too

[12:51] {johnnyj} rimm getting ready

[12:51] {Threei} I would be shorting .10

[12:51] {Threei} not waiting for 68

[12:51] {Threei} it's legitimate breakdown

[12:52] {johnnyj} thx 1/2 pos in .10

[12:53] {johnnyj} round numbers always difficult w/o market help

[12:59] {Threei} with .25 being resistance, we have 1:1 here

[12:59] {johnnyj} thx

[12:59] {Threei} good spot

[13:00] {Threei} 1:2

[13:00] {Threei} thing of beauty

[13:00] {johnnyj} .70 next test

[13:01] {Threei} you guys are good

06[13:01] * Threei uses this occasion to sneakily retire while no one is looking

[13:04] {dino} schn sm l .00 stop lod

[13:06] {laserdave} test

[13:06] {nemo} mags!

06[13:10] * magoo slaps laserdave around a bit with a large trout

[13:11] {nemo} jeez mags, I was getting worried

[13:11] {magoo} went to get my sandwich

[13:15] {dino} dji wants geen

[13:16] {dino} strange day

[13:16] {Threei} just Monday

[13:16] {Threei} aimless wandering

[13:23] {magoo} ptretty good rip there

[13:25] {dino} excuse me

[13:29] {dino} out schn .60, +.60

[13:29] {johnnyj} dino, why aren't you still in the Hamptons with the rest of Wall Street this monday after holiday?

[13:30] {dino} lol

[13:30] {dino} another 10-15 years left

[13:48] {Threei} SEED Ticking higher, hearing vague chatter of possible marketing collaboration deal with Dupont (4.34, -0.11, -2.47%)

[13:59] {johnnyj} rimm and palm look like great short candidates but market is asleep - random thoughts

[14:00] {Threei} those are the worst

[14:00] {Threei} they come in your head when you least expect them

[14:12] {BillyD} watching AIG for short off .50

[14:34] {Threei} US) Reportedly President Obama and Russian President Medvedev did not discuss the USD at meetings today

[14:34] {Threei} - Reportedly Obama "expressed surprise" over Russia's sudden change in WTO plans

[14:35] {BillyD} they are up to something

[14:35] {BillyD} lol

[14:36] {vinod} No guts no glory. If one doesn’t play you He cannot win and neither can the house

[14:45] {johnnyj} AIG nice

[14:45] {BillyD} yes but I only took a scalp:(

[14:46] {Threei} whatever... good setup

[14:46] {BillyD} it didn't bounce with mkt thuis time

[14:48] {jfjf64} l aig.28

[14:49] {jfjf64} .32 sorry

[14:50] {jfjf64} no go

[14:56] {johnnyj} thx for the AIG heads up BillyD. only trade that worked for me today done at the whole number

[14:56] {johnnyj} leave some on table for the other guy

[14:57] {BillyD} welcome

[15:02] {johnnyj} CNN muted... thank goodness I cannot read lips

[15:03] {Threei} but... now you can't take your eyes off the TV screen?

[15:05] {dino} s/p fills open gap

[15:08] {johnnyj} as patterns broke down today, I never saw any fear.... but I did not act on this fact on the long side.... sign I am in coma

[15:09] {nemo} c u 2morow

[15:09] {Threei} take care nemo

[15:09] {fernp} bye nemo

[15:09] {BillyD} cya

[15:09] {Threei} problem is, not many stocks followed the market bounce

[15:09] {Threei} AIG merriuly proceeded even lower as market bounced

[15:10] {dptl} have a good evening all

[15:10] {Threei} RIMM went with market but did it in a "drag me by ears" manner

[15:10] {Threei} take care dp

[15:10] {BillyD} lol

[15:11] {johnnyj} no fear below 68

[15:14] {johnnyj} I am done for the day... thx for your chat Billy

[15:15] {magoo} cat might be sh loss .50..vad?

[15:15] {Threei} take care johnny

[15:16] {Threei} only if market sells down like crazy mags

[15:16] {Threei} otherwise doesn't feel right to me, not a a regular trade

[15:17] {magoo} k

[15:30] {Threei} (US) Fitch lowers General obligation bonds to BBB from B-; outlook negative (related MUNIS )

[15:39] {Threei} a whole lot of nothing

[15:39] {Threei} morning trades were practically it

[15:40] {Threei} wehich actually was more thatn I expected, lol

[15:40] {BillyD} seems to be pattern in the AM

[15:40] {jfjf64} agree

[15:41] {BillyD} SNWL strong

[15:45] {BillyD} if bored, read yahoo stock message boards for entertainment

[15:46] {BillyD} same opinions since I can remember

[16:00] {Threei} okay guys

[16:00] {Threei} thank you all

[16:00] {BillyD} ty Vad

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

[16:00] {fernp} ty and good evening

[16:00] {Alw} ty Vad

[16:00] {jfjf64} gn all

Jul 02 2009

What was expected to be an empty boring pre-holiday trading all of a sudden turned into very nice profitable day. ELN, AIG, ILMN, MTXX, and even had a chance for a quick educational overview of AIG trap - look the log around 10:48, right after we finished AIG bounce play.

Happy 4th of July!

Session Time: Thu Jul 02 00:00:00 2009

[08:30] {jfjf64} mornin

[08:30] {nemo} yep

[08:30] {BillyD} gm

[08:34] {Threei} Good morning

[08:35] {Threei} JUN CHANGE IN NONFARM PAYROLLS: -467K V -367KE; CHANGE IN MANUFACTURING PAYROLLS: -136K V -150KE

[08:35] {Threei} - Prior nonfarm payrolls revised from -345K to -322K (second month of upward revisons)

[08:35] {Threei} INITIAL JOBLESS CLAIMS: 614K V 615KE; CONTINUING CLAIMS: 6.702M V 6.740ME

[08:35] {Threei} - Prior jobless claims revised from 627K to 630K

[08:36] {Threei} JUN UNEMPLOYMENT RATE: 9.5% V 9.6%E

[08:36] {Threei} JUN AVERAGE HOURLY EARNINGS M/M: 0.0% V 0.1%E; AVERAGE WEEKLY HOURS: 33.0 V 33.1%E

[08:36] {Threei} - Average Hourly Earnings Y/Y: 2.7% v 2.9%e

[08:37] {Threei} (EU) ECB's Trichet: Reiterates current rates are appropriate, negative CPI in June is in line with ECB's prior expectations

[08:37] {Threei} - reiterates gradual recovery seen in 2010., growth returning after stabilization

[08:37] {Threei} - reiterates negative inflation only termporary, expects price stability over medium term

[08:37] {Threei} - latest data confirms ECB's expectations

[08:37] {nemo} am I back?

[08:38] {Threei} let's see

[08:39] {nemo} thunderstorms knocked out power momentarily

06[08:39] * Threei slaps nemo around a bit with a large testing trout designed to determine one's exact location

[08:44] {fernp} good morning to all

[08:44] {Threei} fern :)

[08:44] {nemo} fern :)

[08:49] {Alw} gm

[08:52] {nemo} whoa...look at the futures

[08:54] {Threei} alw :)

[08:59] {dino} gm all

[08:59] {Threei} dino :)

[09:03] {Threei} WFC getting chewed

[09:03] {nemo} FCX RIMM getting chewed too

[09:04] {nemo} It's the end of the world as we know it...and I feel fine....pass me a paxil, would ya'?

[09:05] {Threei} end of the world today??

[09:06] {Threei} I didn't plan for that

[09:06] {nemo} and I stopped drinking...oy

[09:06] {Threei} why no one told me

[09:06] {Threei} I would have spent yesterday much more productively

[09:06] {nemo} think you're somebody special

[09:06] {nemo} it's raining elephants and Rhino's here

[09:09] {_johnnyj} 20,000 Leagues Under the Sea ....kind of rain, Nemo?

[09:11] {Threei} lol

[09:16] {nemo} yeah

[09:17] {nemo} dino, you getting to the office by boat?

[09:18] {dino} soon nemo, rains aboutevery 12 hours for 6-8 weels

[09:18] {Threei} I feel ashamed... we have total paradise here

[09:19] {BillyD} no you don't lol

[09:19] {BillyD} I can see you grinning

[09:19] {nemo} same here Dino

[09:19] {Threei} true

[09:19] {Threei} hmm... I don't have much in a sense of trading candidates

[09:19] {BillyD} I don't feel shame in AZ

[09:20] {BillyD} although the overcast is welcome here today

[09:20] {BillyD} ELN acyoive

[09:20] {BillyD} active

[09:20] {nemo} don't expect much today vad

[09:20] {BillyD} NVAx short possibilities

[09:21] {magoo} morning

[09:21] {ese} GM

[09:21] {ese} mags

[09:21] {Threei} magoo, ese :)

[09:21] {ese} hey vad

[09:21] {Threei} ELN had news

[09:21] {BillyD} yes

[09:22] {Threei} JNJ to purchase assets and rights of ELN's alzheimer's program for $1B

[09:22] {Threei} - Announced a definitive agreement whereby Johnson & Johnson will acquire substantially all of the assets and rights of Elan related to its Alzheimer's Immunotherapy Program (AIP Program), through a newly formed company. In addition, JNJ, through its affiliate, will invest $1B in Elan in exchange for newly issued American Depositary Receipts (ADRs) of Elan which will represent 18.4% of Elan's outstanding ordinary shares.

[09:22] {Threei} Elan Corp PLC CEO: Approx 30 companies were at one point interested in discussions of strategic alternatives

[09:22] {Threei} - Notes that the deal with JNJ will help company cut debt by 70% to $400M

[09:22] {Threei} CFO: Expect to be pretax profitable by end of 2010

[09:22] {Threei} - Deal with JNJ to cut cost by up to $100M/year

[09:22] {Threei} - Deal with JNJ meets all strategic deal goals

[09:23] {Threei} this one on watch of course

[09:23] {Threei} want some pullback

[09:23] {Threei} NVAX, want to see little bounce after the open

[09:23] {Threei} then short it as life goes out of it

[09:30] {Threei} ELN pulling back a bit

[09:31] {Threei} so far so good

[09:31] {Threei} high after open is .35

[09:31] {Threei} want it to stabilize and form little range

[09:32] {Threei} Long Setup: ELN .20 break if holding above .10

[09:32] {magoo} in .23

[09:32] {jfjf64} in 24

[09:33] {Threei} market more weakness... killing NVAX before we got a chance for entry

[09:33] {Threei} and holding ELN down

[09:33] {magoo} ruining ELN too

[09:34] {jfjf64} ouch

[09:34] {Threei} it hit over .30 but did it way too fast

[09:34] {Threei} no worky

[09:34] {nemo} RIMM holding fairly well

[09:34] {magoo} my quotes so slow never had chance to exit

[09:35] {jfjf64} tza l .19

[09:35] {nemo} likes the leveraged shorts

[09:36] {Threei} White House Romer: Jobs data was 'disappointing'

[09:37] {Threei} expect the economy to start turning towards the better by the end of the year - CNBC interview

[09:37] {nemo} end of which year?

[09:38] {Threei} hectic ELN...

[09:38] {magoo} im waiting .47

[09:38] {Threei} wants up badly, market undermines it

[09:38] {BillyD} it jumps by .07

[09:38] {magoo} yea

[09:38] {level777} loELN trades like we're still in the days of 1/32s and 1/16ths

[09:39] {cosmo} eslr 2.32 hod

[09:39] {cosmo} might test

[09:39] {jfjf64} 1/1 tza

[09:39] {jfjf64} 1/4 out .38

[09:39] {Threei} Long Setup: ELN .10 break

[09:40] {Threei} if stays above 8

[09:40] {magoo} if it loses 8 im out

[09:40] {level777} movin too quick

[09:41] {jfjf64} stop to .40 last 1/4

[09:41] {Threei} 1:1, half out or scalp

[09:41] {jfjf64} ty

[09:42] {jfjf64} allout tza

[09:42] {Threei} good one

[09:42] {vinod} goood morning

[09:42] {magoo} look at RIMM

[09:42] {magoo} sheesh

[09:42] {nemo} yeah

[09:42] {vinod} I am losing today. they stop my 401K matching contribution

[09:43] {jfjf64} tna l .75

[09:44] {_johnnyj} rimm squeeze

[09:44] {dino} sorry vin

[09:44] {nemo} rimm stopped short of pivot

[09:45] {jfjf64} ouch

[09:45] {Threei} offering 1/4 more ELN .33

[09:45] {jfjf64} nice

[09:46] {Threei} not yet

[09:46] {jfjf64} now

[09:46] {ese} eln taking off....nice boys and girls

[09:47] {Threei} now yes, nice

[09:47] {Threei} offering last portion 8.55

[09:47] {Threei} maybe too greedy

[09:47] {jfjf64} hmmm

[09:47] {Threei} but with trading these days we get too few chances, so I am trying to milk this one as much as possible

[09:48] {Threei} OK, NVAX, two ways to play it

[09:48] {jfjf64} look tna had stop wrong spot im sickkkkkkkk

[09:48] {nemo} tna or tza

[09:49] {dino} acor l .50

[09:49] {Threei} one is 2.75 break short if stays under .85

[09:49] {Threei} another is to on, this one is ruined

[09:49] {Threei} umm

[09:49] {Threei} this one is ruined

[09:49] {Threei} another is to wait for new resistance to form

[09:50] {Threei} natural one is 2.90

[09:50] {Threei} but we need trigger too

[09:50] {Threei} not very clear for now

[09:50] {Threei} waiting

[09:50] {Threei} go ELN, will ya

[09:50] {Threei} here here little birdie

[09:51] {jfjf64} nemo tza had earlier tna got stopped sd of had larger stop

[09:52] {magoo} im thinking high .60 area

[09:52] {nemo} for what mags?

[09:52] {jfjf64} eln

[09:52] {magoo} eln

[09:52] {Threei} direct hit

[09:52] {dino} out acor .63, +.13

[09:52] {Threei} out last portion +.43

[09:53] {jfjf64} ther ya go

[09:53] {jfjf64} i hv to start milkin these cows

[09:53] {Threei} frikin NVAX dropped right off .90

[09:53] {Threei} with no warning

[09:54] {BillyD} it looked like it might break .90

[09:54] {Threei} yeah

[09:54] {dino} gj 3i

[09:54] {Threei} and then someone unplugged it

[09:54] {Threei} ty dino

[09:54] {Threei} now it moves for magoo

[09:55] {Threei} mags, you partialed any?

[09:55] {BillyD} my charts lately do not update

06[09:55] * Threei slaps magoo around a bit with a large manual titled Risk Control - Don't Leave Home Without It

[09:55] {BillyD} updates after switching server

[09:56] {Threei} fine here

[09:56] {BillyD} what server

[09:56] {Threei} DCGN Hearing shares ticking higher on the back of partnership chatter (0.62, 0.07, 12.73%)

[09:56] {Threei} Quote 7, chart 2

[09:57] {BillyD} ty

[10:00] {ese} full day ro half day...us markets?

[10:00] {dino} i show s/p gap 895 fwiw, ndx 1424; 6/23

[10:00] {nemo} full day..but half day

[10:01] {ese} full day in a half day?

[10:01] {dino} acor l .25

[10:01] {Threei} lol

[10:01] {nemo} full market day, betting most gone by lunch

[10:01] {Threei} full day formally, half day of actual trading - if we are lucky

[10:02] {nemo} yeah...what he said

[10:02] {jfjf64} lets hit em hard boyss when we got em

[10:02] {nemo} careful they don't hit back

[10:03] {jfjf64} tivo l .47

[10:05] {jfjf64} invalid

[10:06] {BillyD} AIG salmon

[10:06] {dino} feeling .30 tivo

[10:06] {Threei} BCON Reportedly US DOE has offered a conditional $43M loan gaurantee facility (0.88, 0.09, 11.39%)

[10:07] {jfjf64} grrr missed tza .50 break grrr

[10:09] {Threei} sheesh AIG

[10:09] {Threei} thought of 19 break

[10:09] {BillyD} thought of .75 here :(

[10:09] {jfjf64} grrrr aig

[10:09] {nemo} Vad told me not to think...

[10:10] {BillyD} if/thens are ok

[10:10] {nemo} IF I think THEN Vad yells at me

[10:10] {BillyD} lol

[10:11] {dino} tivo holds

[10:12] {dino} acor stopped -.30

[10:12] {jfjf64} ilmn c/h

[10:12] {jfjf64} ?

[10:13] {nemo} I wouldn't think so

[10:13] {Threei} .80 break, worth a try

[10:13] {Threei} but half lot

[10:13] {Threei} this one can bite your head off

[10:13] {nemo} handle almost as deep as cup

[10:14] {jfjf64} in.82

[10:14] {Threei} stop under .70

[10:15] {dino} wynn l .50

[10:15] {Threei} see how volatile it can be?

[10:15] {Threei} that's why half lot

[10:15] {jfjf64} y

[10:15] {Threei} AIG deep pullback

[10:16] {Threei} 1:1 ILMN

[10:16] {jfjf64} 1/1

[10:16] {Threei} 1:2

[10:16] {Threei} 1:1 again

[10:16] {Threei} lol

[10:16] {Threei} 1:2 again

[10:16] {Threei} gotta have it laid out

[10:16] {jfjf64} woooooo

[10:16] {Threei} 1:4

[10:17] {Threei} 1:2

[10:17] {jfjf64} out

[10:17] {Threei} I am having fun

[10:17] {nemo} seasick

[10:17] {nemo} my elevator doesn't go to the top floor anyway

[10:18] {jfjf64} ya still sittin with piece

[10:21] {Threei} US) Senators Dodd and Kennedy (D): Have put forward additional Health Care Plan, to cover 97% of US workers

[10:21] {Threei} - Plan to cost $611B over 10 years

[10:21] {Threei} - Companies to pay $750 for each worker not covered

[10:27] {ese} morning bottom? If so ...time for me to start dabling in INTC again

[10:27] {nemo} could be it for the day

[10:28] {jfjf64} entry where ese

[10:29] {ese} anywhere between .80 and .85

[10:29] {jfjf64} lk .86

[10:30] {ese} just watching the "comp" to see if it goes above 1802

[10:30] {ese} then comes back to that number

[10:30] {Threei} AIG... if drops sharply into 18.60 - .70 area, will be interesting for bounce

[10:31] {jfjf64} c/h bgz .19

[10:33] {Threei} lol

[10:33] {ese} L intc .85

[10:33] {Threei} CNN asked viewers for suggestions on job creation

[10:34] {Threei} you should hear some of those

[10:34] {Threei} make pumping own gas illegal so gas stations have to hire people

[10:34] {jfjf64} bgz invalid

[10:34] {Threei} build high speed train all over USA

[10:34] {Threei} I have a suggestion too:

[10:35] {Threei} get out of the way

[10:35] {Threei} and let business work

[10:35] {Threei} instead of mandating jobs

[10:36] {nemo} missed C&H on RIMM

[10:36] {Threei} if that worked USSR would be mightiest country in the world today

[10:36] {jfjf64} aig 2x 19 break vad

[10:36] {Threei} no

[10:36] {jfjf64} k

[10:36] {Threei} doesn't look right to me

[10:38] {jfjf64} ty sensi

[10:38] {nemo} oy

[10:38] {Threei} should have shorted

[10:39] {vinod} VAD-ESLR your opinion

[10:39] {ese} L intc avg still .85

[10:39] {nemo} he hates eslr

[10:39] {ese} i like it

[10:39] {ese} have 6k of it avg price 3.30

[10:40] {Threei} ESLR JPMorgan Raised ESLR to Overweight from Underweight

[10:40] {vinod} he does not like solar?

[10:40] {Threei} question is ese...

[10:40] {jfjf64} bounce aig yet

[10:40] {Threei} you have 6K of it because you like it

[10:40] {Threei} or you like it because you have 6K of it? :)

[10:40] {Threei} not sure about it here vinod

[10:40] {Threei} this thing needs nice momentum to move

[10:41] {ese} no because the four year outlook is $30/45

[10:41] {vinod} ty

[10:41] {Threei} and at the moment it doesn't seem to have any

[10:41] {jfjf64} ..73 l aig

[10:41] {Threei} AIG almost ready

[10:42] {ese} they are one of the few companies hiring these days....have a sh%$ load of orders to last 3/5 years.....have to build another plant to take care of it all

[10:42] {jfjf64} k

[10:42] {jfjf64} entry when ya ready ty

[10:42] {Threei} .60 break if holding .50

[10:42] {nemo} esl looking short

[10:43] {ese} just a matter of time for eslr as far as i'm concerned

[10:43] {ese} i'm thinking 6/10k now and just forget about it

[10:44] {ese} wake up one morning and go....heeeeyyyyy cool.....look what i have

[10:44] {jfjf64} in .62

[10:44] {Threei} not a scalp AIG, intend to partial as it moves

[10:44] {Threei} (if it moves)

[10:45] {Threei} 1:1

[10:46] {Threei} 1:2

[10:46] {BillyD} out in full ty

[10:46] {Threei} 1:3, me out

[10:46] {Threei} 1:4

[10:46] {BillyD} well played

[10:46] {jfjf64} wowww

06[10:46] * Threei pats himself on the back

[10:46] {BillyD} we should have a pat on the back button

[10:47] {Threei} {_johnnyj} but your feel for the market was amazing

[10:47] {Threei} still is!

06[10:47] * nemo slaps Threei around a bit with a large "Good on ya' DUDE!!!"

[10:47] {jfjf64} ty nice entry ya dog

[10:47] {ese} nice plan as always 3i

[10:47] {Threei} ty

[10:48] {jfjf64} it was good plan of attack

[10:48] {nemo} Only problem now, is he's spent so much time slapping himself on the back his shoulder is permanently dislocated

[10:48] {magoo} nie vad ty

[10:48] {BillyD} AIG was low risk

[10:48] {Threei} just too bad we haven't shorted that trap attempt of breakout at 19

[10:48] {Threei} how is it a problem nemo?

[10:48] {Threei} frees me from garden work

[10:48] {jfjf64} was big trap i hd finger on trigger

[10:48] {nemo} yeah, you can drink with your other hand

[10:49] {nemo} doesn't help your typing though

[10:49] {jfjf64} thinkin lk a sucker

[10:49] {Threei} quick educational retreat jf,

[10:49] {BillyD} sheesh....my .35 ELN short earlier making me cry

[10:49] {nemo} then again, nothing could help your typing

[10:49] {Threei} take a look at 1 min,

[10:49] {Threei} I will try to show why I hated it

[10:49] {jfjf64} k 1 min up

[10:50] {Threei} draw mentally the declining line from the top at 19.5 and next top of the bounce around 19.25

[10:50] {BillyD} nice pt Vad

[10:50] {Threei} see how that bounce into 19 runs right into that linbe?

[10:51] {BillyD} there is our education lesson for the week

[10:51] {Threei} what we have is established downtrend on one min,

[10:51] {Threei} and stock bounces into upper line of the channel.

[10:51] {Threei} Now,

[10:51] {Threei} have a look at volume

[10:51] {Threei} from 10:31 to 10:40

[10:52] {Threei} see how volume decreases on this bounce?

[10:52] {Threei} perfect bear flag running into descending channel resistance

[10:52] {jfjf64} see

[10:53] {Threei} absolute trap for breakout buyers - UNLESS stock stalls here and consolidates long enough to ruin the descending channel formation

[10:53] {Threei} now, realize one thing here,

[10:53] {Threei} not practically important right now but something to remember for the future

[10:53] {BillyD} Vad, do you have chart patterns on your website

[10:54] {nemo} short on eslr working

[10:54] {Threei} at the moment of you asking or me looking for other reasin at the chart I am not able to put it all in words

[10:54] {Threei} I just see it as a general perception from the look of the chart

[10:54] {nemo} that's where your 3rd eye comes in

[10:54] {Threei} if you want me to break it down, it will happen kater, not in the "heat of the battle"

[10:54] {BillyD} just curious....I see what u are saying

[10:54] {Threei} and that's what you want to arrive at eventually

[10:55] {Threei} threough many trades and charts and analysis, it wil be come kind of second nature

[10:55] {Threei} no Billy

[10:55] {jfjf64} comon billy ya broke his stride lol

[10:55] {Threei} they are quite standard

[10:55] {Threei} I have them in both TTR and MPP

[10:55] {BillyD} tight

[10:56] {BillyD} right

[10:57] {Threei} you know your intuition kicks in when yiou just glance at the chart and say I like it or I hate it

[10:57] {Threei} we had two perfect examples today... AIG 19 break and ILMN .80 break

[10:58] {Threei} 19 break becomes valid trade

[10:59] {Threei} stop under 18.90

[10:59] {jfjf64} aig playin 19 song again

[10:59] {Threei} market time maybe not the best

[10:59] {Threei} but 10 cents risk?

[10:59] {magoo} in

[11:00] {Threei} it didn't break yet

[11:00] {jfjf64} comon buyers 19 19 19

[11:00] {nemo} since when is that important to Magoo?

[11:00] {magoo} aggressibve

[11:00] {nemo} no volume though

[11:01] {Threei} in this case I wouldn't go for anything but actual break

[11:01] {BillyD} ELN may break 8

[11:01] {magoo} ok out -.02

[11:09] {jfjf64} the 3rd time we hit this 19 we bust down the wall mr. vad

[11:09] {Threei} don't know... have to see how it happens

[11:09] {jfjf64} agree

[11:10] {jfjf64} get ready

[11:10] {ese} compx is starting to look like a rounded botom to me......which you usually means from a tech analysis point of view.....it will really take off at some point later in the day

[11:11] {ese} you usually means?

[11:11] {ese} usually means....

[11:11] {ese} yes/no?

[11:12] {ese} nahhhh forget it....it's starting to straighten out

[11:12] {Threei} in general yes, ese... it's just that market loses will to live

[11:13] {Threei} actually, I am amazed it lasted as long as it did, lol

[11:13] {ese} true indeed

[11:13] {jfjf64} aig

[11:13] {magoo} dammit

[11:13] {Threei} just a scalp, IMO

[11:13] {Threei} don't hang around too long

[11:13] {jfjf64} in02

[11:13] {magoo} went 19.01 only got partyial

[11:14] {Threei} out

[11:14] {jfjf64} out

[11:14] {nemo} what was your stop under .85

[11:14] {jfjf64} +13 cents

[11:15] {jfjf64} who said today wd be tough

[11:15] {nemo} RIMM short break of .70?

[11:16] {nemo} nevermind....too late

[11:16] {jfjf64} nice read nemo

[11:16] {nemo} poor timing

[11:16] {nemo} should be pour time

[11:17] {Threei} that's actually quite suprising, jf

[11:17] {nemo} what is

[11:17] {Threei} I haven't exoected today to be so productive

[11:17] {nemo} oh

[11:17] {Threei} but... I don't mind at all, lol

[11:17] {nemo} elan acting just like the skis

[11:17] {jfjf64} reads are on

[11:20] {jfjf64} liked to short eln at .85 didnt though will paper trade

[11:25] {jfjf64} papper no work

[11:27] {dino} try rock

[11:27] {jfjf64} or scissor lol

[11:28] {dino} :)

[11:28] {dino} can tell i have kids

[11:28] {Threei} lol

[11:28] {jfjf64} was thinkin same thing

[11:29] {jfjf64} i hv 20 13teen yr old commin over for pool party today!!!!!

[11:30] {dino} gl

[11:31] {jfjf64} aig on the short 19 vad

[11:32] {Threei} can't tell... things become random

[11:34] {jfjf64} on that note callin it a week all enjoy weekend dont want to start over tradin big problem must get over good day my friends

[11:35] {magoo} have good weekend jf

[11:35] {Threei} have a great long weekend jf

[11:36] {jfjf64} lots of stoli for sure

[11:39] {BillyD} eyeballing SPPI short of .30

[11:39] {dino} cya jf

[11:50] {nemo} Geez....Rimm would have been a nice short @ .70

[11:56] {dino} tivo l .24

[12:05] {nemo} Pssssst.....Vad......Vad....ah.....er....mmmmmhhhh....you in coma?

[12:07] {Threei} sigh

[12:07] {Threei} yes

[12:07] {nemo} volume still remarkably high actually

[12:08] {nemo} 75% for DOW and S&P 100% for NAZ

[12:15] {magoo} AIG down here vad?

[12:16] {BillyD} PARD

[12:16] {Threei} not sure mags... right chart, wrong time

[12:20] {BillyD} no short AIG

[12:23] {magoo} long here aig .81

[12:23] {magoo} scalp to .97 hopefully

[12:26] {_johnnyj} rimm testing 70 nemo

[12:26] {nemo} failed

[12:27] {nemo} had ese traded RIMM the way he trades everything else he could have retired after the last few days

[12:27] {nemo} MAGS AIG looks like it's going to stay under it's moving average

[12:28] {magoo} hm

[12:29] {nemo} it's bollinger band moving average

[12:30] {nemo} got a little volume on that drop

[12:31] {magoo} not looking good

[12:31] {nemo} no, no support from the indexes, and Wall Street should be drunk or left by now

[12:32] {dino} so should i

[12:33] {magoo} out F'er

[12:33] {nemo} Shoulda' listened to Vaddy

[12:33] {nemo} Vaddy knows best

[12:33] {Threei} sure

[12:33] {Threei} about what?

[12:34] {nemo} shish-kebab

[12:34] {dino} bacon

[12:45] {nemo} now volumes beginning to drop

[12:48] {BillyD} Who is BOOK ecn on L2?

[12:48] {BillyD} or is it MM

[12:50] {Threei} ECN...

[12:50] {Threei} there were sol many renamings, consoldations

[12:51] {dino} run dmc market; "it's tricky"

[12:51] {Threei} some of them are not real ECNs

[12:51] {Threei} rather kind of conglomerated name

[12:51] {ese} was gone for a bit and didn't even realise it.........comtaose

[12:51] {BillyD} BOOK is all capital letters and so are othe MM's

[12:52] {BillyD} it may be conglomerate like you say

[12:52] {Threei} I long stopped paying attention

[12:52] {magoo} dam..was stalking AIG ..missed

[12:52] {Threei} it just doesn't matter anymore

[12:52] {Threei} remember times when it was crucial to see all the IDs, discern their actions

[12:52] {Threei} intentions

[12:52] {Threei} etc

[12:53] {BillyD} agree, I was bored and thought I would wake you...sorry

[12:53] {Threei} long gone... means nothing

[12:53] {dino} nothing matters

[12:53] {Threei} now... why would anyone want to wake me up... I am peaceful when sleep, and very grumpy and generally unplesant when awake

[12:54] {BillyD} boredom has terrible effect on human reasoning

[12:56] {dino} as does alcohol and scantily clad women

[12:57] {Threei} great... I am wide awake now

[12:59] {Threei} what Billy successfully started, dino has accomplished very effectively

[13:01] {dino} just doing my job

[13:01] {dino} you staying awake, helps me stay awake

[13:16] {Threei} DXPE

[13:16] {Threei} maybe reached the end of the decline

[13:16] {Threei} on daily

[13:17] {Threei} Wells Fargo & Co Notes will accept registered warrants from State of California for deposit today, and no later than July 10

[13:17] {Threei} - Exec: "Were very disappointed, as are many Californians, that California has taken the unfortunate step of issuing IOUs in lieu of its payments to some businesses and individuals, said Lisa Stevens, head of Community Banking for Wells Fargo in California. Wells Fargo has a long history of taking extraordinary measures to help our customers and will accept registered warrants from our customers, but only for a limited time, to allow them time to make other arrangements. We are reluctant to take this step, but are doing so to help our customers who are not at fault and with the expectation that the Legislature and Governor will complete the budget within days. We join all Californians in urging our Legislature and our Governor to take the appropriate steps as soon as possible to resolve this budget crisis."

[13:21] {dino} gotta hop, back in 30(?)

[13:28] {BillyD} PARD quitely strong

[13:29] {BillyD} any thoughts on it Vad

[13:29] {BillyD} needs volume I know

[13:30] {Threei} hard to tell... no pace

[13:30] {Threei} Matrixx Initiatives Inc. FDA releases official inspection record

[13:30] {Threei} - Reminder on 6/16 MTXX received an FDA warning letter on Zicam nasal cold medicine, and that the company must remove the products from the market; in letter FDA commented that usage of Zicam may cause loss of sense of smell and/or taste

[13:31] {Threei} I don't get it

[13:31] {Threei} in current stinking financial and otherwise environment, how can loss of smell be a bad thing?

[13:31] {BillyD} neurotic jellyfish PARD

[13:32] {Threei} lol

[13:32] {Threei} hysterical amoeba

[13:32] {BillyD} yep

[13:40] {BillyD} MTXX straight up

[13:41] {Threei} RU) Russian Pres Medvedev calls for ban on sale and use of incandescent lights over 100W to preserve energy

[13:41] {Threei} - plans to ban manufacture of incandescent lamps over 100 watts starting Jan 1, 2011

[13:41] {Threei} data shows some degree of smell loss in 3.6 cases for every 100K units sold, peak rate at 6.7 cases per 100K in 2004

[13:41] {Threei} - Calls procedures to handle complaints were not followed

[13:47] {BillyD} Vad, u watching MTXX for a play

[13:48] {Threei} it gives scalps but too fast for a call

[13:48] {BillyD} ok

[13:49] {Threei} drop into 6, I would be all over it

[13:49] {Threei} here, it's kind of "hit it if you can read it in time, no way to cal it in advance"

[13:49] {BillyD} I wanted near 6.5 on 1st pullback

[13:56] {Threei} 56% Dont Want To Pay More To Fight Global Warming

[13:56] {Threei} not only can't I blame them... I don't get what the remaining 44% are thinking

[13:57] {nemo} you're assuming they're thinking

[13:57] {dino} .

[14:00] {Threei} White House Press Sec: US President Obama disappointed by the jobs figures released today; there are signs recovery plans are working

[14:00] {Threei} - sees beginnings of stabilization 'taking hold'; yet expecting unemployment to grow

[14:00] {Threei} disappointed eh?

[14:05] {dino} he's always "disappointed" or "deeply concerned"

[14:11] {Threei} can you blame him? world is soo imperfect

[14:12] {Threei} reminds me an ancient joke about old grumpy tailor

[14:12] {Threei} customer ordered trousers, tailor said "2 months"

[14:13] {Threei} guy said, are you crazy, world was created in just a wekk

[14:13] {Threei} tailor, grympy: yeah, and look at this world...

[14:14] {Raven} {------ pearched, looking at world

[14:15] {Raven} perched

[14:15] {Raven} sheesh

[14:15] {nemo} Ha! Reminds me of the Farside Cartoon, "How Birds see the World"

[14:15] {Threei} {--- moves away so he is not positioned directly under the perch

[14:15] {Raven} wise man

[14:15] {nemo} that's how birds see the world

[14:16] {nemo} scary, this asylum has at least three people who think the same way

[14:16] {Raven} asylum it is

[14:19] {nemo} market ekg went flat....................................................................................................................................................................................................................................................................................

[14:23] {ese} the one time i'm away and it doesn't say it.....

[14:24] {nemo} say what ese?

[14:25] {ese} ese is away(auto away)

[14:29] {dino} dino is here (barely)

06[14:33] * nemo is here (in spirit)

[14:33] {_johnnyj} lit match in my right hand - firecracker in my left

[14:34] {nemo} what are you typing with?

06[14:34] * Threei closes his eyes to avoid seeing an answer

[14:34] {_johnnyj} lol.... don't think, trade

[14:35] {dino} lit match in one hand, gasoline can in other, dangerous situation (fire marshall bill)

[14:36] {nemo} Hey, Vad...better scratch this log after noon

[14:36] {dino} scratch this, lol

[14:36] {Threei} why?

[14:37] {Threei} let the world see you for what you are

[14:37] {nemo} see Dino's comment...conversation went into the hopper, especially afte that Raven character piped up

[14:37] {BillyD} lol....

[14:37] {dino} just trying to stay awake

[14:37] {nemo} Dude...catholic church has a team of exorcists trying to keep me under wraps

[14:37] {Threei} hey!!

[14:38] {Threei} guess who is on TV

[14:38] {nemo} the savior

[14:38] {nemo} the anti-me

[14:38] {dino} supreme ruler

[14:38] {nemo} grand poobah

[14:49] {magoo} AIG here lord vader?

[14:50] {Threei} no, no likey this one here

[14:50] {Threei} MTXX on the other hand...

[14:50] {Threei} maybe stabilized

[14:50] {Threei} keeping an eye on it for .90 triger

[14:53] {BillyD} stop under .70 on it

[14:54] {Threei} or under .75 for scalpers

[14:55] {Threei} actually... for scalpers under .80

[15:01] {dino} yawn, wynn stop to .65

[15:02] {dino} out wynn .65, +.15 hours

[15:04] {dino} esi gap fill

[15:07] {BillyD} missed my ELN short

[15:14] {ese} too all the american friends.......you all have a great fourth of July EHHH! We'll catch you next week....am off to a rehearsal.

[15:14] {BillyD} MTXX was too stubborn to move off .90 area

[15:14] {ese} see ya vad

[15:15] {Threei} take care ese, have a good one

[15:15] {fernp} bye ese

[15:16] {dino} cya es

[15:19] {jfjf64} im back

[15:19] {jfjf64} what up my boys

[15:20] {jfjf64} how was afternoon

[15:20] {Threei} neo and dino were talking abut scantily clad women

[15:21] {Threei} I was talking about old grumpy tailors

[15:21] {jfjf64} .71 ltza

[15:21] {Threei} Raven perched

[15:21] {Threei} that's about it

[15:21] {Raven} sigh

[15:21] {jfjf64} lol

[15:22] {Threei} oh, and collectively we came to conclusion this room is asylum

[15:22] {jfjf64} in

[15:23] {jfjf64} out

[15:24] {Threei} AIG fell off a cliff

[15:24] {jfjf64} ouch got out way to soon

[15:24] {nemo} RIMM tck and FCX also

[15:25] {nemo} gotta' go, c u Monday

[15:26] {Threei} take care nemo

[15:26] {nemo} take it any way I can get it

[15:26] {jfjf64} later

[15:27] {jfjf64} ty tza

[15:27] {dino} later nemo

[15:27] {jfjf64} im patten myself on back

[15:29] {Threei} you beter leern to tipe... and spel.. akkordin to a grammer

[15:30] {jfjf64} 5 coronas at pool party sorry grammer

[15:30] {dino} nice

[15:30] {BillyD} have a nice wknd all...gotta run

[15:30] {jfjf64} dont tell there parents have 20 kids here

[15:30] {dino} cya billy

[15:31] {jfjf64} later billy d

[15:31] {jfjf64} got out way too soon look at tza 2/1

[15:32] {Threei} take care billy

[15:35] {jfjf64} s omx .59 one more guys

[15:38] {jfjf64} stoped

[15:44] {dino} penn l .35

[15:50] {dino} out penn .47, +.12

[15:54] {dino} oh well, calling it a day/week guys. thx

[15:55] {dino} cetv pops

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

[15:56] {Threei} take care fern

[15:56] {Threei} ok guys

[15:56] {Threei} unexpectedly nice day

[15:56] {dino} ditto

[15:57] {Threei} no objections here

[15:57] {Threei} let's have a great relxing weekend

[15:57] {Threei} hapy 4 th of July everyone

[15:57] {Threei} see you all on Monday

[15:58] {Alw} ty

Session Time: Wed Jul 01 2009

Same comment as yesterday.

Session Time: Wed Jul 01 00:00:00 2009

[08:32] {Threei} what the deuce?

[08:32] {Threei} AIG??

[08:32] {Threei} oh, reverse split...

[08:34] {Alw} gm

[08:34] {Threei} Alw :)

[08:46] {BillyD} gm\

[08:46] {Threei} Billy :)

[08:51] {fernp} good morning everybody

[08:51] {nemo} hello

[08:51] {Threei} fern, nemo :)

[08:53] {magoo} gninrom

[08:53] {Threei} magoo :)

[08:53] {nemo} mags, look

[08:55] {ese} gm

[08:56] {Threei} ese :)

[08:59] {magoo} BEAT vad..news

[08:59] {magoo} MYGN FRPT wrecked

[09:00] {ese} Oshkosh Corp. (OSK) surged 27% in after-hours trading yesterday after the maker of military vehicles won a $1.06 billion US Defense Department contract to make all-terrain trucks that would protect troops in Afghanistan from roadside bombs

[09:01] {Threei} Yesterday 20:05 BEAT Cuts FY09 forecast to $0.30-0.35 v $0.64e ($0.69-0.73 prior), R $156-160M v $170.6Me (R $170-175M prior)

[09:01] {Threei} - The company says that it is unable to give a forecast for 2010 and 2011.

[09:01] {Threei}

[09:01] {Threei} and couple donwgrades

[09:09] {ese} dino's gonna love this one........dn 6+ from the get go

[09:11] {dino} gm all

[09:11] {Threei} dino :)

[09:13] {nemo} lookie mygn

[09:14] {Threei} scary even to look at

[09:14] {nemo} Double Diamond ski slope

[09:14] {Threei} no support whatsoever on daily

[09:14] {dino} -6% on revs. gets a -23% drop mygn?

[09:15] {dino} 25 area imo

[09:16] {nemo} You know what they say about opinions...:)

[09:17] {dino} chair for every ass

[09:17] {cosmo} they grow in bunches?

[09:17] {nemo} not fit for this venue

[09:17] {nemo} mygn at support going back to Oct 2008

[09:18] {Raven} lol cosmo ... try to focus please :)

[09:18] {cosmo} wide focus

[09:19] {Raven} understand

[09:19] {nemo} Great...we have adult supervision today :(

[09:19] {Threei} thank goodness

[09:19] {Raven} much needed supervision

[09:19] {cosmo} dont look at me....

[09:19] {Raven} Mr Paranoid

[09:19] {nemo} cosmo...stop while you're behind

[09:20] {jfjf64} mornin

[09:20] {cosmo} hmm

[09:20] {nemo} accurate analysis jf

[09:20] {ese} JF

[09:20] {Threei} I thought it was "shop", nemo...

[09:20] {Threei} jf :)

[09:20] {magoo} R

[09:20] {magoo} A

[09:20] {magoo} V

[09:20] {magoo} E

[09:20] {magoo} N

[09:20] {nemo} took you a while to find the "N" mags?

[09:21] {Raven} amazed that he even found it

[09:21] {Threei} lol

[09:21] {magoo} sheesh..u noticed that

[09:21] {jfjf64} ya stalkin anythi vad

[09:21] {nemo} no mags, pulled the comment right out of my.....

[09:22] {Threei} after initial ecitement is over, looking to short NVAX

[09:22] {nemo} base metal stocks seemed to have jumped on oil

[09:23] {Threei} AGEN, 2.10 break is critical for continuation

[09:23] {jfjf64} what uip aig

[09:23] {nemo} reverse split

[09:23] {jfjf64} ty

[09:23] {Threei} yeah, that was my first shock of the day jf, lol

[09:27] {jfjf64} hopein the mornin good for us im thinkin as we get later in week afternoons will be dead

[09:27] {Threei} short day tomorrow? or full?

[09:28] {nemo} play by ear leaning to short

[09:28] {BillyD} full day vad

[09:29] {jfjf64} my goal 25 cents a day short long depends

[09:29] {jfjf64} thats not askin much correct

[09:30] {magoo} PARD vad

[09:30] {Threei} offer half AGEN into spike over 2.10

[09:30] {Threei} if you took big position, you have nice profit

[09:32] {Threei} Short Setup: SWY 20.30

[09:32] {Threei} if stays below .45

[09:33] {Threei} is there any news on PARD but reiterated target?

[09:34] {magoo} last nite

[09:35] {jfjf64} look aig

[09:35] {jfjf64} missed 20.92 entry

[09:35] {Threei} sheesh

[09:36] {Threei} lol

[09:36] {magoo} reverse split

[09:39] {ese} out fitb .21 from "yesterday....all my troubles seemed so far away" +.20 on 6k to start

[09:39] {jfjf64} nice ese

[09:39] {dino} wynn sm l .50

[09:40] {ese} tks

[09:42] {ese} someone take a look at intc daily...give me an estimate ...how far will it go

[09:42] {ese} broke away from 3 month high

[09:43] {nemo} 17.64 next resistance then about 18.92

[09:43] {magoo} RIMM vad

[09:43] {ese} tks nemo

[09:43] {Threei} not ready yet mags

[09:44] {magoo} i caught .21 to 56

[09:44] {magoo} out

[09:44] {BillyD} nice magoo

[09:44] {nemo} top ticks it

[09:45] {magoo} dioont like going againsyt the boss tho

[09:45] {magoo} he always wins

[09:45] {BillyD} lol

[09:45] {magoo} just laid it out there nemo

[09:46] {BillyD} PARD may be a short on .80 break for scalp....tough one though

[09:47] {magoo} vad..u thinking 69.60 area rimm?

[09:48] {Threei} totally market dependent

[09:48] {magoo} dont wory ..i have ,my depends

[09:48] {magoo} depends

[09:48] {magoo} dependent

[09:48] {Threei} that was last of my worries to say honestly {G}

[09:49] {nemo} at least you don't have to leave your computer mags

[09:49] {level777} for amusement purposes, take a look at NVNC, its otcbb

[09:51] {ese} Lfitb .14

[09:51] {dino} ghm l .50 thin

[09:54] {dino} schn getting some back

[09:54] {dino} .50 sm l trig

[09:57] {wulff} look at BOOM

[09:58] {Threei} Long Setup: WFC .46 break

[09:59] {BillyD} stop is wfc

[09:59] {Threei} if stays above .35 for day trade, above .40 for hardcore scalpers

[10:00] {Threei} MAY PENDING HOME SALES (M/M): 0.1% V 0.0%E

[10:00] {Threei} MAY PENDING HOME SALES (M/M): 0.1% V 0.0%E

[10:00] {nemo} invalidate scalp?

[10:00] {Threei} *JUNE ISM MANUFACTURING: 44.8 V 44.9E; PRICES PAID: 50.0 V 47.0E

[10:00] {nemo} invalidated

[10:01] {dino} schn stopped -.30

[10:01] {Threei} MAY CONSTRUCTION SPENDING (M/M): -0.9% V -0.6%E

[10:03] {Threei} Long Setup: SPPI .80 break

[10:03] {Threei} if stays above .70

[10:04] {BillyD} you see news on SPPI....did secondary at 7.15

[10:05] {Threei} SWY finally triggered

[10:05] {BillyD} it hit .46 right

[10:06] {Threei} briefly touched on a quick spike

[10:06] {Threei} 10:05 AM [SPPI] Hearing Credit Suisse making positive comments (timing uncertain)

[10:08] {Threei} L7, remember I mentioned TSTR resumption yesterday?

[10:09] {Threei} no go SPPI

[10:09] {BillyD} Vad, see hwere APPY pre mkt 3.10

[10:09] {dino} mygn sm l .00

[10:10] {Threei} someone very enthusiastic I guess

[10:10] {BillyD} not anymore

[10:12] {wulff} WFC getting close

[10:17] {dino} spike

[10:20] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:20] {Threei} **consensus expectations:

[10:20] {Threei} Crude: -1.5Me

[10:20] {Threei} Gasoline: +2Me

[10:20] {Threei} Distillate: +1.5Me

[10:20] {ese} l fitb again .14

[10:21] {BillyD} OMN nice chart

[10:21] {ese} 2 buy ins at .14 have not sold yet

[10:22] {Threei} Short Setup: RIMM .85

[10:22] {Threei} if stays below 71

[10:22] {ese} just a matter of time.....not the scalp trade i had imagined butttttttt!

[10:22] {magoo} out wfc here TY vad +.16

[10:23] {ese} crap fitb stopped .08

[10:23] {ese} you piece of ^%$%^

[10:24] {ese} definately not the scalp trade i had imagined

[10:26] {ese} man what a lying 2 bit peice of........you fill in the blanks........everything point up market up

[10:26] {Threei} RIMM invalidated

[10:27] {Threei} and SWY no worky

[10:27] {dino} schn big rinse

[10:27] {Alw} Vad - have you got time for a dumb question?

[10:27] {nemo} oil draw downs must have been bigger than expected

[10:27] {Threei} sure

[10:27] {ese} L fitb .08

[10:27] {dino} wynn to .09

[10:28] {dino} out +.59 wynn

[10:28] {magoo} allow me ESE...........$#@#!!

[10:28] {level777} CALM

[10:28] {Alw} Ok - I bought AGEN - 1500 shares at 2.02 ystday and missed the opening sale - everything moved a little faster than I thought. I'm not exactly sure how to handle the trade from this point. Any advice appreciated. thks

[10:28] {ese} exzactly

[10:28] {ese} tks mags

[10:30] {Threei} I'd keep .92 stop at this point

[10:30] {ese} how many shs and whats your risk paremeters

[10:30] {Alw} ty

[10:30] {Threei} today's low is .93, so let's cut it if trades under that

[10:30] {Alw} ok

[10:30] {jfjf64} sppi vad

[10:31] {dino} out ghm ave .72, +.22

[10:31] {Threei} hard to tell jf

[10:31] {Threei} not sure

[10:32] {jfjf64} ty

[10:32] {Threei} DOE CRUDE: -3.7M V -1.5ME; GASOLINE: +2.33M V +2ME; DISTILLATE: +2.9M V +1.5ME

[10:32] {nemo} that's why metals through the roof

[10:34] {ese} dino you in anything?

[10:34] {nemo} mygn

[10:35] {ese} long or short where

[10:35] {nemo} l 27.00

[10:36] {magoo} i like aapl short scalp

[10:36] {BillyD} Vad, NVAX stair stepping down

[10:36] {ese} Ok i'm joining ya bstop .01 small when it gets back there

[10:37] {Threei} I'd try to short .10 break on NVAX

[10:37] {BillyD} stop over .15 too tight?

[10:38] {Threei} for a scalp, seems right

[10:38] {BillyD} thx

[10:39] {dino} mygn stopped .74-.26

[10:39] {ese} bstop .01 removed

[10:39] {dino} acor

[10:41] {Threei} LOGM IPO opens for trading at $20 (20.07, 0.00, 0.00%)

[10:43] {level777} priced 16

[10:44] {level777} SKBI priced today 12.98

[10:45] {jfjf64} was that ipo also

[10:48] {jfjf64} i will short aig at 17.53

[10:48] {jfjf64} sorry 19.53

[10:49] {dino} gun to the head, pullback

06[10:49] * nemo stands behind dino with a desert eagle

[10:49] {jfjf64} lol

[10:49] {dino} lol

[10:51] {jfjf64} finger on trigger withh ya eagle

[10:51] {nemo} not until I'm ready to pull

[10:51] {nemo} on the frame

[10:52] {magoo} covered aapl sh here ..+ .23

[10:52] {magoo} short rimm from .59

[10:52] {magoo} cov gherree .23

[10:52] {magoo} ty boss

[10:53] {dino} sm s schn .00

[10:53] {Threei} hmm?

[10:53] {magoo} aapl rimm shorts:)

[10:53] {Threei} you are welcome of course

[10:56] {Threei} SEC approves measure by 5-0 to allow investor 'say on pay' proposals at companies who have received Govt capital (related XLF )

[10:57] {Threei} NVAX hit 1:1 for pesky scalpers

[10:57] {dino} means nothing, mutuals and hedge funds control

[10:58] {dino} schn stop to .90

[11:02] {vinod} gm to all

[11:02] {Threei} vinod :)

[11:02] {fernp} gm

[11:06] {jfjf64} aig s 53

[11:07] {jfjf64} 1/1

[11:07] {nemo} why .53 jf?

[11:09] {jfjf64} out

[11:09] {jfjf64} .53 was low of day when opened

[11:10] {jfjf64} little somethin keep up my sleeve lol

[11:10] {dino} lol

[11:11] {jfjf64} great exit if i say so my self

[11:12] {dino} schn to .78

[11:12] {dino} jumpy

[11:12] {dino} say it jf

[11:13] {jfjf64} you in schn

[11:13] {dino} short

[11:13] {jfjf64} dino

[11:14] {jfjf64} s .78

[11:14] {dino} :)

[11:14] {dino} s .00

[11:14] {dino} bstop .78

[11:14] {dino} stopped +.22

[11:15] {jfjf64} nice exit dino

[11:15] {ese} out intc 17.20 +.85 on 25k........it's gonna be a nice summer

[11:16] {BillyD} wow ese, way to go

[11:16] {jfjf64} wow big guy

[11:16] {jfjf64} ya a player

[11:16] {Threei} eeck

[11:16] {jfjf64} nice nice

06[11:16] * Threei slaps ese around a bit with a large roll of cash

[11:16] {jfjf64} ditto

06[11:16] * Threei kicks ese out for indecent profits

[11:17] {dino} wtg es

[11:17] {ese} I thought i could smell money there last week

[11:17] {ese} tiks

06[11:17] * Threei changes his mind, opens door for ese and invites him back in, hinting that sharing is the best way to live one's life

[11:18] {ese} done

[11:18] {nemo} can take the boy out of communism, but can't take communism out of the boy

[11:18] {jfjf64} lol

[11:19] {Threei} only when it comes to someone else's money nemo... I remain truly capitalistics when it comes to mine {G}

[11:20] {nemo} Yeah, ex's refrain, "What's ours is mine, what's yours is mine, what's mine is mine"

[11:20] {ese} i'll second that one

[11:20] {nemo} at least she gave me vaseline

[11:20] {dino} lol

[11:21] {Threei} or cure version I like: Let's eat your lunch first, then each weats his own.

[11:21] {Threei} cure = cute

[11:21] {nemo} how long did you hold for ese?

[11:22] {dino} 5 years

[11:22] {nemo} DH dino

[11:22] {dino} lol

[11:23] {dino} gun to head was right

[11:24] {dino} mygn going to hold?

[11:25] {ese} just looking at that now nemo.....

[11:26] {ese} 06 /25 4/5 days

[11:27] {magoo} AIG getting crushed

[11:27] {ese} the day that it hit 16.30 7 day high

[11:27] {dino} as it should

[11:27] {magoo} gonna go back to single digits

[11:27] {dino} reverses are never a good thing imo

[11:32] {dino} last try mygn sm l .20

[11:32] {jfjf64} slleppin here sppi

[11:34] {Threei} you took .80 break?

[11:35] {Threei} it consolidated for so long, I forgot about it

[11:35] {jfjf64} nope

[11:35] {jfjf64} grrrr

[11:36] {jfjf64} ese distracted us with that monster lets blame ese

[11:36] {nemo} frickin' musicians

[11:37] {jfjf64} he it steak all weekend me peanut butter and jelly

[11:38] {dino} kb

[11:38] {jfjf64} lol

[11:38] {ese} go ahead.......inflated ego at this point can now take all abuse

[11:39] {dino} .

[11:41] {ese} question is with intc is....where is it going to pullback to so that it can be scalp traded

[11:41] {ese} probably 17

06[11:42] * magoo slaps ese around a bit with a large trout

[11:43] {ese} tks needed that

06[11:43] * magoo slaps ese around a bit with a large trout

06[11:43] * magoo slaps ese around a bit with a large trout

06[11:43] * magoo slaps ese around a bit with a large trout

06[11:43] * magoo slaps ese around a bit with a large trout

[11:43] {dino} sm l acor .85

[11:43] {ese} picture heading flinging from side to side

[11:44] {magoo} just read how much ching ching u made

[11:44] {Threei} NVAX new low

[11:44] {Threei} I am not in hurry to cover

[11:45] {dino} schn going for open gap fill

[11:46] {dino} beers are on es

[11:46] {nemo} Centenaire Drambuie is on es

[11:47] {nemo} also, all the Bernkastler Doktor Trockenbeerenauslesen I can find

[11:47] {magoo} HELL..plane tickets to vegas for everybody on ese

[11:48] {nemo} hookers

[11:48] {nemo} Schaffen for Ksystems

[11:49] {nemo} How else can we spend ese's money?

[11:50] {Threei} plane tickets? what about hotel??

[11:50] {nemo} They're probably given rooms away

[11:50] {magoo} we'll need gamblin' $$

[11:55] {nemo} ese better hit another couple of trades

[11:55] {ese} i'll say

[11:56] {ese} still long fitb .08 by the way

[11:58] {Threei} EUR/USD (CH) China has asked G8 summit to discuss issue of new glo0bal reserve currency

[12:01] {dino} mygn stopped done w/it

[12:05] {dino} schn sm l .50

[12:13] {Threei} Fed's Evans: The 'good bank, bad bank' approach appears to have merit - Q (related XLF )

[12:13] {Threei} we are still talking abut that?

[12:13] {Threei} I thought financial sector stablized

[12:14] {Threei} Alw... now that you are bacl to breakeven or slightly positive on AGEN, put a stop under 2

[12:14] {Threei} either it makes money for you from now on or cut it at 1.99

[12:16] {Threei} F Reports June US vehicle sales -11.3% v -13%e (unadjusted) (6.20, 0.13, 2.14%)

[12:19] {Alw} how close - out now?

[12:21] {Threei} I would

[12:22] {Threei} no continuation after brief spike, so it can drift for who knows how long

[12:22] {Threei} the game we counted on is over, what happens next is another game

[12:23] {Alw} ty - out 1500 at 2 -.02 small loss easy to endure while learning

[12:24] {dino} pwrd

[12:24] {ese} definately.....thats exactly the way i felt when i started to learn how to scalp

[12:50] {dino} ghm l ave .48

[13:01] {Threei} Chrysler reports June vehicles sales -42%

[13:01] {BillyD} big miss

[13:13] {Threei} this week is beyond useless

[13:13] {BillyD} ditto

[13:13] {Threei} not very surprising, short week in the summer

[13:13] {BillyD} I lack the words to truly desribe

[13:14] {Threei} I don't

[13:14] {Threei} but none of them is suitable for print

[13:15] {BillyD} only way to look at it "it is what it is"

[13:16] {Threei} F Exec: Tides seem to have shifted on the economy - sales call (6.12, 0.05, 0.82%) \

[13:25] {ese} out fitb .14 +.06 with 20k

[13:25] {ese} i'm done for the day..........

[13:26] {Threei} Rage for Revenge, eh?

[13:26] {BillyD} gj ese

[13:26] {vinod} I still have AGEN waiting for 2.50

[13:26] {ese} tks

[13:26] {nemo} got a while to wait vino

[13:26] {ese} never heard that one vad.......whats that one mean

[13:27] {Threei} title of one of the books by David Gerrold... he had a knack for titles like this

[13:27] {Threei} A Matter for Men

[13:27] {Threei} A Day for Damnation

[13:27] {ese} it's interesting thats for sure

[13:27] {Threei} A Season for Slaughter

[13:28] {Threei} A Method For Madness

[13:28] {ese} are those fiction?

[13:28] {Threei} A Time for Treason

[13:28] {nemo} A Reason for R...nevermind

[13:28] {Threei} A Case for Courage

[13:28] {Threei} sci fi

[13:28] {nemo} A Shibboleth for Schlomo

[13:28] {Threei} hey, guess who is where

[13:29] {ese} funny .....

[13:29] {Threei} or who is on what

[13:29] {ese} ?

[13:29] {nemo} What's he saving today?

[13:29] {Threei} hint... he is on that every day

[13:29] {ese} ummmmmm

[13:29] {Threei} come on ese

[13:30] {Threei} it's easy

[13:30] {Threei} who are you guaramteed to see every day of you have TV on

[13:30] {ese} but i don't haVE TV

[13:30] {Threei} ah

[13:30] {ese} CUT THE CABLE OFF WHEN THE KIDS WERE BORN

[13:31] {ese} opps ...capitol letters

[13:31] {Threei} is it euphemism for vasectomy?

[13:33] {ese} ha ....good one

[13:33] {Threei} DCGN

[13:33] {Threei} Decode Genetics Update: deCODE-led Megastudy Finds New Genetic Clues to Causes of Schizophrenia

[13:33] {Threei} - The study, by a multinational consortium of scientists led by a team from deCODE genetics, analyzed the genomes of more than 50,000 patients and control participants from fourteen countries.

[13:33] {Threei} - It is published today in the online edition of Nature.

[13:35] {ese} where am i ...........what am i doing here........there after me....dino mags.......somebody protect me!!!!!!!! ahhhhhhhhhhhh!!!!!!!!!

[13:37] {ese} nemo.....ahhhhhh haaaaaaa!!!! your a fish masquerading as a trader.....somebody protect me!!!!!!

[13:37] {nemo} money has gone to his head

[13:37] {ese} a fish in a cartoon no less

[13:37] {ese} my kids love you nemo

[13:38] {nemo} or man in a fable

[13:38] {nemo} or sea captain in science fiction

[13:38] {nemo} did I tell you my real name is Michael Jackson

[13:38] {ese} all those are characters as well

[13:38] {ese} ha ha ha ha too funny

[13:40] {ese} hmmmmmmm just thought of something......this is going to appear in your trading room blog at the end of the day iisn't it Vad? whoooops!

[13:40] {nemo} janitor is pretty pissed

[13:40] {Threei} no... he doesn't consider it a stuff to be edited out

[13:40] {Threei} he doesn't care

[13:40] {Threei} he sleeps this one out

[13:42] {nemo} ese, I think you might be a couple more sandwiches short of a picnic than I am

[13:42] {dino} gxdx

[13:43] {ese} good one.......lots of sayings today i haven't heard before

[13:51] {Threei} what a wording

[13:51] {Threei} if Americans don't show they want change, lobbyists will defeat plan

[13:52] {Threei} a lot of conclusions can be made

[13:52] {Threei} -lobbyists are not americans

[13:52] {Threei} -lobyists are enemies

[13:53] {nemo} the asshole forgot when he was railing against the bondholders of the auto companies that many of them were retirement funds for his constituents, but don't let facts get in the way of goo rhetoric

[13:53] {Threei} lobby is against americans' best interests by default

[13:54] {Threei} business is being pitted against people

[13:54] {Threei} class warfare at its best

[13:54] {ese} never looked at it that way....class warfare

[13:55] {level777} its not the lobbiests that're the bad guys so much as the politicians that take all the payoffs & percs from them to make policy

[13:55] {nemo} it's always worked

[13:55] {ese} hmmmmmmm thats food for thought

[13:55] {nemo} same way for race...they're both big business

[13:55] {BillyD} agree L7...they are the real traders

[13:55] {dino} hl l gxdx .15

[13:56] {nemo} surprised that one didn't come up earlier for a short

[13:58] {Alw} Vad - with DCGN what are you looking for?

[13:59] {Threei} nothing... not of interest to me at all

[13:59] {Alw} ty

[14:01] {vinod} interested in only Vodka for long weekend?

[14:01] {nemo} You guys sitting down?

[14:01] {nemo} I basically stopped drinking

[14:01] {vinod} lousy weather and same for market too

[14:02] {Threei} 15 minutes ago nemo?

[14:02] {dino} lol

[14:02] {nemo} nah...I'll have one during the day, but it was messing with my sleep...I'm actually sleeping better

[14:02] {Threei} as in: "Doctor told me to quit stop drinking... so I did... well, it's been two hours"....

[14:03] {nemo} two weeks

[14:03] {Raven} So sorry to hear that, nemo

[14:03] {Threei} lol

[14:03] {dino} you were not drinking enough nemo

[14:03] {nemo} except for the wash down with the sandwich the other day

[14:03] {nemo} wow...Raven piped up

[14:03] {nemo} Oh...I was drinking enough

[14:04] {Raven} if it is worth doing nemo, it is worth doing to excess

[14:04] {nemo} Used to be my battle cry

[14:05] {nemo} When departing company I'll say, "Don't do anything I wouldn't do." People who knew me "back when" laugh, saying, "Well, that leaves us a lot of latitude."

[14:05] {nemo} To which I reply, "Nah, hurts too much now."

[14:05] {dino} "one for the ditch"

[14:06] {nemo} I remember when I had this Navy Captain trying to follow me on a double diamond slope...talk about crash and burn.

[14:06] {nemo} I go back to dig him out and he says, "I don't know what I was thinking following you."

[14:07] {nemo} Now I'm him...

[14:07] {nemo} 25 years later of course

[14:07] {Threei} die already NVAX

[14:07] {nemo} would have been much better off shorting FCX or RIMM

[14:08] {dino} gxdx stopped -.20

[14:10] {ese} dino did you make anything on mygn

[14:10] {nemo} wonder if RIMM will find support here at morning lows

[14:10] {nemo} fcx at morning support too

[14:11] {dino} nope

[14:11] {jfjf64} what up guys i miss anythin

[14:11] {ese} you gave it another shot right...closer to 26

[14:12] {dino} lost twice, off screen

[14:12] {ese} hmmm

[14:25] {Threei} 3 loss should be it for NVAX

[14:38] {Threei} good boy NVAX

[14:39] {Threei} over 1:1

[14:42] {Threei} covered 1/2 .96

[14:42] {Threei} +.11

[14:42] {jfjf64} nice

[14:44] {dino} beat l .70

[14:56] {jfjf64} s xl .36

[15:04] {wulff} +.75 sh RIMM

[15:04] {Threei} nice one

[15:05] {wulff} small

[15:05] {Threei} ok... nice albeit small

[15:09] {level777} sppi breakdown

[15:10] {ese} who the ......is johnny j

[15:11] {jfjf64} ditto lol

[15:11] {jfjf64} vads boy from russia

[15:11] {BillyD} lol

[15:13] {Threei} meanies

[15:13] {ese} johnny my man!!! give it up

[15:14] {Threei} IMF's Lipsky: July 7 report will revise forecasts higher - CNBC interview

[15:14] {jfjf64} who says he gets kicked off server comon anybody

[15:14] {ese} vad says

[15:16] {jfjf64} took evev xl

[15:18] {Threei} NVAX makes my heart warm

[15:18] {jfjf64} ya still in

[15:18] {Threei} 1/2

[15:18] {jfjf64} from what time

[15:19] {Threei} 3.07

[15:19] {Threei} I can tell you for sure it was today... even though feels like a week ago

[15:22] {BillyD} ISLD seems to be last ECN hit these days even on thick stocks

[15:27] {_johnnyj} sorry for the aborted login attempts... how is everyone?

[15:27] {nemo} coma

[15:28] {_johnnyj} I am Vad's boy from way back... returning member

[15:28] {ese} my goodness fella.......bit of a trial there ah?

[15:28] {_johnnyj} aptitude test

[15:30] {ese} yup ....vad gives us all one....like..."What is money?" What is a Stock?" stuff like that to get onto the board

[15:30] {Threei} hi jonny

[15:30] {Threei} never mind these meanies

[15:30] {_johnnyj} dino and magoo old timers... good to see familiar names

[15:31] {ese} good to meet ya!

[15:31] {_johnnyj} magoo was a capit play guy as I recall

[15:32] {Threei} and btw, gues what... about 70% fail that test that ese described

[15:32] {nemo} that's because you give it in Russian

[15:32] {ese} ya i did.....6 or 7 times

[15:33] {Threei} nemo, you say it as if it makes any difference for those who can't read

[15:34] {Threei} CNBC's Gasparino: Govt may 'strong arm' Citi or BAC to sell assets into PPIP program

[15:34] {dino} hey johnny

[15:35] {_johnnyj} hey dino

[15:39] {_johnnyj} poor rimm needs to get washed b4 any interest returns

[15:40] {Threei} I'd think it's general market comatose

[15:40] {Threei} short week in the midst of summer...

[15:40] {magoo} hey jonny:)

[15:40] {jfjf64} hay johnny j welcome

[15:40] {Threei} who has trading on their mind as a first priority

[15:41] {_johnnyj} magoo... for some reason when I see your name I remember Vad's mastery of a little stock called mama

[15:41] {magoo} wow..way back

[15:42] {_johnnyj} many years... he made us a small fortune

[15:42] {jfjf64} still same vad

[15:42] {Threei} wow... MAMA, that;'s a blast from the past

[15:42] {Threei} changed symbol since then

[15:43] {Threei} became CNIC I think

[15:43] {BillyD} it had to Vad

[15:43] {Threei} lol, true

[15:43] {BillyD} lol

[15:43] {_johnnyj} lol

[15:43] {Threei} what was you nick back then johnny?

[15:44] {_johnnyj} cannot remember.. took my money and bought a business and recently sold

[15:44] {ese} outta here for the day all...see ya tomorow

[15:44] {_johnnyj} so, here I am

[15:44] {Threei} good move

[15:44] {Threei} take care ese

[15:44] {Threei} so, wait a min

[15:45] {Threei} you made money on y MAMA call, bought and sold business... and I don't get my %???

[15:45] {Threei} life is so unfair

[15:46] {_johnnyj} wasn't just mama.. but your feel for the market was amazing

[15:48] {dino} beat stopped -.10

[15:49] {fernp} see you all tomorrow. good evening

[15:49] {Threei} take care fern

[15:53] {jfjf64} dam was watchin this var .02 entry

[15:54] {BillyD} jf, thanks for XL trade idea...got a scalp off it

[15:55] {jfjf64} anytime

[15:55] {jfjf64} this var wd of been nice it shot so fast past my trigger

[15:59] {BillyD} NVAX takin gya to the wire Vad lol

[15:59] {Threei} I don't take it home

[15:59] {Threei} but the idea of shorting it will be back on agenda

[15:59] {BillyD} I wouldn't

[15:59] {BillyD} agree

[15:59] {jfjf64} gn all see ya tomorrow

[16:00] {BillyD} bye all thx

[16:00] {Threei} okay guys

[16:00] {Threei} thank you all

[16:00] {_johnnyj} g nite

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

[16:00] {Alw} ty