Jul 10 2009

Unexpectedly good day - mostly thanks to AIG which we played both long and short for nice juicy moves. Even such piece of you know what must be good for something sometimes.

Session Time: Fri Jul 10 00:00:01 2009

[07:59] {vinod} good morning

[08:36] {Threei} Good morning

[08:36] {Threei} DRYS Shares raised to Hold from Sell at Cantor Fitzgerald, price target $6 (5.26, 0.00, 0.00%)

[08:37] {Threei} BLTXX Baltic Dry Bulk Index -1.1%, 8th straight decline

[08:37] {Threei} US) President Obama: Would be 'premature' to wind down stimulus programs; recovery still 'a way off'

[08:37] {Threei} - Significant measures agreed at G8 summit but did not agree on every issue

[08:38] {Threei} *(US) MAY TRADE BALANCE: -$26B V -$30.0BE

[08:47] {Threei} (CA) Canadian PM Harper: New reserve currency is not 'highest priority'

[08:48] {nemo} "he said" "she said" this is getting boring

[08:48] {Threei} , USD will always be important for Canada

[08:48] {nemo} 51st state :)

[08:49] {Threei} USA-lite

[08:50] {nemo} A lot less people, which I really like. As the little Austrian once said, "The more I get to know people, the more I like my dog."

[09:00] {BillyD} gm all

[09:00] {Threei} RU) Russian President Medvedev: It would be simpler for Russia to join the WTO "on its own"; hopes the US will alter its missile shield plans, reiterates threat to station missiles in Kaliningrad

[09:00] {Threei} - Note that on 7/7, Medvedev said Russia still plans to join WTO. In early June, Russia threw its 16-year bid to join the World Trade Organization (WTO) into jeopardy when PM Vladimir Putin said Moscow would only join the trade body in partnership with two former Soviet republics

[09:00] {Threei} Billy :)

[09:08] {Threei} General Motors Corp CEO: we are required to pay off the govt loans by 2015, but our goal is to repay them much sooner

[09:08] {Threei} - GM has issued a press release as its press conference begins, announcing the "New GM," which is 61% owned by the govt.

[09:08] {Threei} why do I have this feeling that "new GM" will be, what was the name of that old movie...

[09:09] {Threei} The Incredible shrinking woman, or something like that

[09:14] {cosmo} the attack of the 50 ft woman ...i think

[09:15] {magoo} kninrom

[09:16] {Threei} cosmo, mags :)

[09:16] {cosmo} 3i:)

[09:17] {ese} good morning.....back at home with a cold...wouldn't ya know it

[09:17] {Threei} lol ese

[09:18] {jfjf64} mornin

[09:18] {vinod} ese--yes it been cold here last few days?

[09:19] {Threei} jf :)

[09:19] {vinod} my DRYS yesterday stop out at 5.25

[09:21] {Threei} yeah, it had news right after close

[09:21] {ese} and my overnight FITB is doing no better

[09:21] {Threei} lol, my overnight YRCW is flat

[09:21] {_kenyee} good morning all

[09:22] {Threei} kenyee :)

[09:22] {magoo} i cut drys yester at .37..-.01

[09:23] {magoo} wondering when AIG squeezes

[09:23] {magoo} 23 to 9 in 4 days

[09:23] {Threei} should be good for couple points when it gets to it

[09:24] {Threei} the problem I think is:

[09:24] {dino} gm all

[09:24] {Threei} it's not so much ashorting as it it plain simple selling

[09:24] {Threei} dino :)

[09:25] {_kenyee} anyone use market profile in their trading?

[09:29] {magoo} not i

[09:29] {magoo} agree vad

[09:30] {ese} mornin dino

[09:31] {magoo} vad, if u could find it..day AIG reverse split i said it would see 7

[09:32] {Threei} not urgent I hope?

[09:32] {vinod} short RIMM?

[09:32] {nemo} it's important for his ego, Vad

[09:32] {magoo} no..just saying..nver thought this quick

[09:33] {Threei} not into buying vinod

[09:33] {Threei} that's not how you short

[09:33] {ese} everthiings turning green

[09:33] {nemo} glad you didn't short rimm vino?

[09:33] {dptl} good morning all

[09:33] {Threei} dp :)

[09:34] {Threei} Short Setup: CAT .10 if stays under .25

[09:35] {ese} morning dp

[09:36] {vinod} ty-vad and meno for rimm

[09:36] {nemo} who is meno?

[09:37] {Threei} invalidated

[09:38] {vinod} nemo-now i got my fingure fat like boss

[09:38] {nemo} lol

[09:39] {nemo} I thought that was a phonetic freudian slip on your opinion of my demeanor

[09:39] {Threei} Short Setup: AMZN .50 break half lot

[09:39] {Threei} if stays below .70

[09:41] {Threei} 1:1

[09:41] {nemo} figures...my computer locks up at .65 and comes back at .45

[09:41] {ese} down to cover some gaps here then away we go....??????hmmmm

[09:42] {vinod} missed

06[09:43] * magoo slaps vinod around a bit with a large trout

[09:43] {magoo} wake up

[09:43] {magoo} few and far nbetween today

[09:44] {vinod} since I missed amzn going to be at 76

[09:45] {Threei} covering in full

[09:45] {Threei} +.30

[09:47] {ese} have i missed some news tech wise.....compx and ndx taking off a little

[09:47] {dino} edu's up today

[09:47] {Threei} Short Setup: RIMM .70 break

[09:47] {dino} esi, apol

[09:47] {Threei} if stays below .85

[09:47] {dino} es gs upgrades some tech

[09:47] {Threei} a bit aggressive entry

[09:48] {dino} ice retest wed low

[09:48] {Threei} but .60 which is better trigger is too far from resistance

[09:48] {ese} tks dino

[09:49] {dino} np

[09:49] {Threei} no go

[09:50] {ese} look at tick and trin.....tick +725 trin +2.78 weird

[09:52] {dino} wynn sm l .00, stop .66

[09:53] {ese} if the trin goes red.....this day could take off but when it's green?....to much underlying selling

[09:55] {Threei} *JULY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 64..6 V 70.8E

[09:55] {nemo} contrarian bullish

[09:55] {dino} wynn stopped -.34

[09:56] {ese} how do they calculate the expected? Go to the bar....have a drink ...see how everyone is feeling?

[09:57] {dino} pretty much

[09:58] {Threei} Long Setup: RIMM .10 break

[09:58] {Threei} stop under .90

[09:58] {nemo} too fast

[09:59] {BillyD} my L2 froze LOL

[10:00] {nemo} dino, had capitulation volume in wynn and bounce might have bottomed

[10:01] {Threei} market weakens

[10:01] {nemo} another big volume spike, see if it holds .60

[10:02] {dino} going lower needs mkt help

[10:03] {nemo} closed above support

[10:03] {dino} hmmm holds

[10:03] {Threei} scratching RIMM

[10:03] {nemo} inside the BB too

[10:03] {dino} watching ice, rtp

[10:03] {Threei} CAT setup is back

[10:03] {Threei} .10 short if stays under .25

[10:03] {BillyD} I am watching CAT here

[10:04] {nemo} .10 is s2 for cat off the pivot

[10:05] {nemo} dino, wynn :)

[10:05] {nemo} had a vad spike

[10:05] {dino} you in wynn nemo?

[10:05] {nemo} no, I was waiting for you to take point :)

[10:06] {dino} lol

[10:07] {Threei} CAT invalidated again

[10:07] {magoo} took rimm cross 67

[10:07] {Threei} long?

[10:07] {magoo} ya

[10:07] {nemo} cats, they're all the same

[10:09] {magoo} not luvin it

[10:09] {dino} smr l ice .75 careful pulp

[10:10] {ese} well it looked like a promising day there for a bit......

[10:11] {dino} ice=pulp lay out imo

[10:12] {Threei} AIG... dive to .80 - .90 zone for long

[10:13] {ese} i'm with ya there dino

[10:13] {dino} laying at 84.75

[10:13] {dino} too high

[10:13] {Threei} here goes your RIMM mags

[10:13] {dino} lost its' mojo

[10:14] {dino} nemo was right on wynn, my stop too tight

[10:15] {magoo} yea ty alert was elsewhere

[10:15] {magoo} out .34

[10:16] {dino} ice stopped -.26

[10:17] {nemo} actually, when you went in at .00 after the big drop there had been no capitulation volume prior-so I didn't think that was a bottom, when I saw that capitulation volume on the long red, I was then looking for the bottom and a retest

[10:18] {dino} good call

[10:18] {nemo} broken clock

[10:18] {Threei} SQNM?

[10:18] {Threei} no news that I see

[10:21] {dino} cit crush going on

[10:22] {dino} now ice goes, two rinses already

[10:22] {dino} been that way all week

[10:25] {magoo} cant believe i missed AIG in the 8 area

[10:28] {ese} she be takin off today man......

[10:29] {ese} short covering imo mags.....there will be another opportunity here me thinks

[10:29] {magoo} its avail short today

[10:32] {Threei} so far no indications of short setup

[10:32] {Threei} each pullback is well supported

[10:33] {BillyD} maybe the new shorts are proelling up the old shorts...lol

[10:33] {BillyD} propeslling

[10:33] {BillyD} sheesh...propelling

[10:33] {Threei} third try should be it

[10:33] {Threei} there :)

[10:33] {BillyD} ty...was struggling

[10:34] {ese} new internet language billy.....i liked it

[10:34] {fernp} a bit late. good morning

[10:34] {Threei} fern :)

[10:36] {ese} scour de zhup dup ...vlap da fling flang..ich du be nin........

[10:36] {Threei} sheesh

[10:37] {Threei} AIG intends to make those 2 points today?

[10:37] {Threei} [09:23] {Threei} should be good for couple points when it gets to it

[10:38] {magoo} excuse me...post right before that

[10:38] {magoo} the squeeze

[10:41] {Threei} time to start thinking short on AIG

[10:41] {Threei} 10 break first try

[10:42] {Threei} that was fast...

[10:42] {nemo} thought you can't short

06[10:42] * magoo slaps nemo around a bit with a large trout

[10:42] {Threei} [10:29] {magoo} its avail short today

[10:42] {nemo} wow

[10:43] {Threei} I don't think anyone had time for entry

[10:44] {Threei} what a tank

[10:44] {magoo} yea..and too high to play bounce

[10:45] {magoo} could see 8 area

[10:45] {BillyD} it seems like confirmation on pivot entries a little tough in general lately.....people seem to be anticipating more

[10:46] {Threei} bounce closer to 10 if happens is a short entry

[10:47] {Threei} happens too fast for exact call

[10:47] {Threei} generally anywhere between 9.90 and 10

[10:50] {BillyD} what would be stop 10.12 area

[10:50] {nemo} http://www.myfoxny.com/dpp/your_money/consumer/090710_Sears_Christmas_Sales

[10:50] {nemo} ice short?

[10:50] {BillyD} or .15 area

[10:50] {Threei} depends on setup

[10:51] {Threei} OK, next spike is it

[10:51] {Threei} in

[10:51] {Threei} .15 stop

[10:51] {Threei} can take a few tries

[10:52] {dino} psmt

[10:53] {Threei} 1:1

[10:53] {Threei} covering half

[10:54] {Threei} stop to above .10

[10:54] {Threei} scalpers know what to do

[10:54] {fernp} nice call Vad. ty

[10:54] {Threei} :)

[10:55] {Threei} ideally, AIG stays under 10 this time and loses .80

[10:55] {Threei} then we would trail stop to above 10 and let it trade

[10:55] {Threei} that would scenario for serious dump

[10:57] {Threei} so far so good... come on you slimy no-good reverse-split piece of financial crap

[10:58] {jfjf64} easy vad easy

[10:58] {Threei} lol

[10:58] {nemo} stop mincing words vad, tell us how you really feel

[10:58] {Threei} wanna know how I really feel?

[10:58] {Threei} hehe

[10:58] {nemo} NO

[10:58] {Threei} volume dris up... but too close to 10

[10:59] {Threei} no idea what happens next

[10:59] {Threei} in a perfect world stop should have been trailed to above 10 here

[11:00] {nemo} wynn testeed support again dino

[11:00] {Threei} kind of personal decision

[11:00] {Threei} I prefer to trail it after loss of .80

[11:00] {Threei} there

[11:01] {Threei} trailed

[11:01] {Threei} 1/4 cover closer to .60 is next idea

[11:01] {BillyD} gj vad

[11:01] {Threei} then trailing stop for the last portion, don't know the levekl yet, and letting it trade

[11:02] {jfjf64} sounds lk plan

[11:02] {Threei} if it goes above 10 and stops us out, I take vacation till after labor day

[11:05] {ese} l sbux .5

[11:06] {Threei} Us Treasury Geithner: No need to ban customized derivatives

[11:06] {ese} .55

[11:06] {Threei} I wonder... can Geithner'sd testimony devoted to derivatives influence AIG trading?

[11:06] {Threei} this is something that can interfere with out short

[11:07] {nemo} maybe that's why it bounced this morning in the first place?

[11:08] {Threei} that's what I start thinking... combined with normal bounce expected after such drop...

[11:08] {Threei} I violate my own rule - see the topic for #discussions

[11:08] {nemo} there's no way this pos should be worth anything...at least that's what the stories have been saying the last few days

[11:09] {nemo} and if the stories are saying that...

[11:09] {Threei} this pos isn't... but when did it prevent stock from rising

[11:09] {nemo} to your point about Geithner

[11:09] {Threei} OK, no more thinking

[11:09] {Threei} stop is in place

[11:10] {nemo} Last few days you've been hearing about the common value is 0...you even said that, been all over the news

[11:10] {nemo} Now Geithner comes on to talk about derivatives/aig

[11:10] {nemo} possibly a bohica moment

[11:11] {ese} out sbux .52 -.03

[11:11] {ese} not waiting around today.....it works right away or it doesn't

[11:13] {Threei} virus of instant gratification infects ese

[11:13] {BillyD} microwave ese

[11:14] {Threei} AIG is discussed on CNN

[11:14] {Threei} company is to pay more big bonuses

[11:15] {BillyD} so it goes up....hmmm

[11:15] {ese} i struggle in markets where i can't decern a clear direction......ala today

[11:16] {patience} have a great weekend guys....i'm back to 100% cash...good correction coming. But i'm always saying that :)

[11:16] {ese} half my main screen is green half is red ...tick was green and so was trin.....werid underlying selling....who knows

[11:17] {ese} cya patience

[11:18] {ese} my hats off to those of you who can find something to make money in......

[11:21] {johnnyj} dino, any WYNN thoughts?

[11:23] {BillyD} cya at labor day vad

[11:24] {Threei} lol

[11:25] {dino} john need a whoosh down imo

[11:25] {dino} psmt interesting

[11:26] {dino} met in 25s might be worth hit

[11:26] {dino} ice lod

[11:28] {dino} sybt drop, thin

[11:29] {dino} 8087, 1394, 869 wed lows

[11:29] {Threei} AIG rises againat the market

[11:29] {Threei} and makes new highs

[11:29] {Threei} let's just buy it and let it run?

[11:29] {dino} remember gaps below too, 8016, 1361, 855

[11:30] {BillyD} then it will go down vad

[11:30] {Threei} oh

[11:30] {Threei} lol

[11:30] {BillyD} it takes strong resolve in a market like this, especially with all the spikes, etc

[11:31] {dino} fwiw we are at end april levels

[11:32] {Threei} Long Setup: AIG .16 if stays above .10

[11:33] {Threei} too fast again?

[11:33] {magoo} in

[11:33] {BillyD} yes

[11:33] {BillyD} for me at least

[11:33] {Threei} half out mags

[11:34] {magoo} k

[11:35] {Threei} offer 1.4 more above .40

[11:35] {Threei} 1/4

[11:36] {magoo} out .35 TY 2k

[11:36] {Threei} :)

[11:37] {BillyD} gj magoo

[11:38] {dino} gj

[11:38] {fernp} Have to go. nice weekend to all. see you on monday

[11:38] {Threei} take care fern, have a great weekend

[11:38] {ese} cya fern

[11:40] {vinod} 09:44 vinod since I missed amzn going to be at 76

[11:41] {magoo} yea..remember

[11:41] {vinod} I have shorted 200 at 78.10

[11:41] {magoo} vad..another setup AIG long or short u see?

[11:42] {Threei} 50/50 mags

[11:42] {Threei} still holding vinod?

[11:42] {Threei} I would be out

[11:42] {Threei} market seems to be preparing bounce

[11:42] {vinod} yes, still holding i was on meeting

[11:43] {vinod} offered at 76.60

[11:44] {vinod} this is the only trade i did oday

[11:44] {Threei} good one too

[11:44] {vinod} ty-vad

[11:48] {BillyD} nice one vinod

[11:48] {dino} ande

[11:51] {Threei} timely cover IMO, vinod

[11:51] {dino} darn wynn

[11:54] {dino} sgr sm l .50

[11:55] {Threei} 1/4 more out AIG

[11:55] {Threei} sheesh, things take patience today

[11:56] {Threei} stop for the last piece is still there, under .10

[11:56] {Threei} not trailing it in this case, mostly because it was negligible to begin with

[12:06] {magoo} drat..exited AIG .41

[12:08] {Threei} offering .65

[12:08] {Threei} last piece

[12:08] {Threei} could still be too soon

[12:08] {Threei} but I lose ability to keep eyelids open

[12:09] {Threei} out

[12:09] {Threei} wheeeew

[12:09] {Threei} bet trade of the day

[12:09] {Threei} best

[12:10] {Threei} not accidenatally, most against the common sense one

[12:15] {dino} ande sm l .20jpm sm l .65

[12:16] {dino} ande filled while down hall

[12:17] {dino} apol sm off of .50 l

[12:37] {dino} out .65 ande +.45

[12:39] {Threei} AIG... lol

[12:39] {BillyD} went from .98 to .08

[12:40] {Threei} gutsy

[12:40] {jfjf64} didnt ya say we sd go long att hold it earlier

[12:40] {ese} am back on the other side........

[12:40] {Threei} I did... both say it and did it

[12:41] {Threei} you missed the trade??

[12:41] {jfjf64} no sold it

[12:41] {jfjf64} wish still hd piece

[12:41] {Threei} well... gotta sell somewhere...

[12:42] {jfjf64} yup

[12:43] {magoo} squeeze is ON

[12:43] {jfjf64} jpm l .66 it get s it this tm

[12:43] {magoo} AIG

[12:46] {magoo} AIG gonna go nuts

[12:46] {magoo} get opn a read vad

[12:47] {jfjf64} see what bonus do foe emplyes

[12:50] {dino} lol

[12:51] {Threei} Three Democrats and 14 Republicans wrote letter to Obama asking for probe of Fed's actions in BoA-Merrill Lynch merger deal - WSJ

[12:51] {Threei} - the bipartisan group asks that the Fed not be granted any new authority while questions about the Fed's role in the Boa-Merrill deal remain.

[12:51] {Threei} - reminder: Fed's Bernanke testified on the issue last month and seemed to largely refute and deflect the accusations of the Congressmen on the panel.

[12:51] {dino} and the shredders have been running since

[12:51] {Threei} lol

[12:53] {Threei} Treasury Sec Geitherner: Now is not the time to settle the future of the GSEs

[12:53] {Threei} Reiterates that a strong USD is in the interest of the US

[12:53] {Threei} sigh

[13:03] {Threei} Short Setup: AIG .40

[13:03] {Threei} if stays under .55

[13:04] {Threei} better yet

[13:04] {Threei} .45

[13:04] {Threei} short trigger

[13:05] {magoo} better yet ,50 long lol

[13:05] {jfjf64} comon

[13:07] {jfjf64} doesnt tk too much to confuse me

[13:07] {Threei} lol

[13:07] {Threei} short invaliadetd fo r now

[13:07] {Threei} long - I can't make this call

[13:07] {Threei} if you like it, you are on your own mags

[13:09] {jfjf64} lks lk trap to me

[13:18] {Threei} ok... trying

[13:18] {Threei} short half lot

[13:18] {Threei} stop above .70

[13:18] {Threei} will add half lot lower if find good spot

[13:19] {Threei} got .58

[13:21] {Threei} .46 to add second half

[13:21] {Threei} added

[13:21] {Threei} stop to above .60

[13:22] {BillyD} covered for scalp thx

[13:22] {Threei} :)

[13:23] {BillyD} if breaks .40 should drop good

[13:25] {Threei} covering half

[13:25] {Threei} .30

[13:25] {Threei} +.21

[13:26] {BillyD} nice one

06[13:26] * Threei slaps magoo around a bit with a large roll of cash

06[13:26] * Threei slaps jfjf64 around a bit with a large roll of cash

[13:29] {Threei} stop to .55

[13:30] {Threei} Treasury and SEC: SEC could forbid compensation that aims investors to inappropriate products

[13:31] {Threei} huh?

[13:31] {Threei} covering 1/4 more

[13:31] {Threei} .17

[13:31] {Threei} +.34

[13:33] {Threei} stop to above .40

[13:33] {Threei} suddenly shaopes up as a good day

[13:34] {Threei} who would have expected on Friday

[13:34] {BillyD} true

[13:34] {Threei} http://www.realitytrader.com/blog/2009/07/interesting-lifestyle-concept-fot.html

[13:41] {BillyD} charts stopped here

[13:41] {Threei} ok here

[13:41] {BillyD} been having that problem and L2 stopping as well lately

[13:42] {Threei} strange

[13:42] {Threei} no interruptions here

[13:42] {BillyD} yeah, T&S works

[13:42] {Threei} ould be yor connection or computer?

[13:42] {BillyD} PC has been overhauled

[13:43] {magoo} read aig vad

[13:43] {Threei} trying to understand whether it's worth another short

[13:43] {magoo} i thought long

[13:44] {magoo} seems loke momo

[13:44] {Threei} [13:07] {Threei} long - I can't make this call

[13:44] {Threei} [13:07] {Threei} if you like it, you are on your own mags

[13:45] {magoo} on pllbks

[13:45] {Threei} only on a very very deep one

[13:45] {magoo} afraid to go it alone lol

[13:45] {Threei} I mean, like $1 deep

[13:45] {Threei} or more

[13:46] {Threei} you traded my short?

[13:46] {magoo} ya ya

[13:47] {Threei} okay... then I am still on speaking terms with ya

[13:47] {magoo} for now

[13:47] {Threei} nothing's forever on this planet

06[13:48] * Threei slaps nemo around a bit with a large roll of cash

[13:48] {nemo} or in the Universe :)

[13:48] {Threei} elaboration:

06[13:48] * Threei slaps nemo around a bit with a large roll of cash nemo missed

[13:48] {nemo} did you turn that short around

[13:49] {Threei} since you went away we played it both long and short

[13:49] {Threei} both very nice

[13:49] {nemo} you take that $2 run out of aig?

[14:01] {Threei} funny... look at NOIZ

[14:02] {Threei} had news a minute ago so I looked

[14:02] {Threei} zero volume

[14:02] {Threei} if three of us decided to buy 100- shasres each, we would have sent it to 5 lol

[14:02] {Threei} 1000

[14:19] {dptl} have a good weekend all

[14:20] {nemo} so, does the ppt push the market above an 880 close on the S&P?:)

[14:22] {dino} cya dp

[14:22] {Threei} take care dp

[14:26] {dino} good question nemo

[14:31] {nemo} mmmmhhhh....friday afternoon in July?

[14:32] {nemo} no volume..surprise...and now GS got caught with their hands in the algo-manipulation cookie jar.

[14:33] {nemo} http://finance.yahoo.com/news/Panel-Banks-underpaying-govt-apf-1909715717.html?x=0

[14:47] {magoo} i anything vad?

[14:47] {nemo} coma

[14:47] {nemo} frickin aig

[14:48] {Threei} that's 4 bucks

[14:48] {Threei} and I called just 2

[14:48] {nemo} How could you be that wrong...

[14:48] {magoo} gonna be 5 bux ..13

06[14:48] * nemo slaps nemo around a bit with a large trout

[14:49] {nemo} say "thank you" Vad

[14:49] {Threei} thank you Vad?

[14:49] {Threei} it doesn't make sense for me to say it

[14:50] {nemo} sure it does...I busted your chops unfairly, and then whacked myself for it

[14:50] {Threei} no I mean, why would I thank myself?

[14:51] {nemo} I put "thank you" in quotes, as in you say it to me....what, am I talkin' to Magoo?

[14:51] {Threei} you assume I can read and know what quotes are and what they mean...

[14:52] {vinod} aig--all short decided to cover today?

[14:52] {nemo} see what happened to pot?

[14:53] {nemo} shhhhhhhh....Larisa's here

[14:53] {vinod} POT is smokig weeds

[14:53] {nemo} knew someone had to bite

[14:53] {larisa} hi guys :)

[14:54] {magoo} hey:)

[14:54] {Threei} larisa :)

[14:55] {larisa} enjoying the market ?

[14:55] {Threei} actually today we do

[14:55] {Threei} thanks to AIG mostly

[14:56] {larisa} yes, nice bounce

[14:57] {larisa} scalped it around 8.50 :) you got a lot from it ?

[14:58] {Threei} 2 shorts, one long

[14:58] {Threei} all more than scalp

[14:58] {larisa} nice

[15:05] {BillyD} AIG will not give a place of entry

[15:16] {Threei} well it did... did you take it?? :)

[15:17] {BillyD} got distracted with phone

[15:18] {BillyD} what did you see?

[15:18] {Threei} off 12

[15:18] {nemo} voume spike and holding support for 4 minutes

[15:18] {nemo} volume

[15:19] {nemo} might be a short coming up

[15:21] {Threei} 12 break?

[15:22] {nemo} held support again, what short...yeah

[15:22] {nemo} getting into that strange time of day though

[15:23] {nemo} what S&P at?

[15:23] {Threei} 874

[15:23] {nemo} mmmhhhhh

[15:24] {nemo} no man's land

[15:24] {nemo} oy

[15:24] {nemo} missed pot dbi

[15:30] {nemo} tempting

[15:30] {ese} am i still online

[15:30] {nemo} no

[15:31] {ese} funny

[15:31] {dino} no

[15:31] {nemo} wohoa

[15:31] {nemo} you take it Vad?

[15:32] {larisa} nice nemo

[15:32] {Threei} still in

[15:32] {nemo} nice call, but no cajones

[15:32] {nemo} your welcome

06[15:32] * nemo slaps nemo around a bit with a large trout

[15:32] {Threei} covering half

[15:37] {Threei} out in full

[15:37] {Threei} +.30

[15:37] {ese} vad dcc please

[15:38] {dino} amagsm l .00

[15:40] {dino} syno

[15:46] {dino} ppt

[15:46] {Threei} CFTC: Large speculators cut net long positions 62% in current week (related USO )

[15:46] {nemo} gotta' love it

[15:47] {nemo} drop

[15:47] {Threei} kill large speculators

[15:47] {ese} now thats one i haven't heard of PPT

[15:49] {nemo} ya' believe this

[15:49] {ese} this market coming back to even for a reason or what?

[15:50] {dino} sgr out .83, +.33

[15:50] {nemo} yeah...tape painting

[15:51] {dino} 880 200 dma; nemo had it right

[15:51] {nemo} 9 minutes left

[15:52] {nemo} but above 875 is still in the ball park

[15:59] {dino} out amag +.18 out jpm -.30

[15:59] {BillyD} take care everyone

[16:00] {larisa} bye :)

[16:00] {BillyD} long time no see Larisa :)

[16:00] {Threei} thank you all

[16:00] {larisa} hi Billy, have a great weekend!

[16:00] {Threei} have a great weekend

[16:00] {Threei} see you on Monday

[16:01] {ese} have a great weekend all

[16:01] {BillyD} u 2!

[16:01] {dino} hey larisa

[16:01] {larisa} hi dino! go home! :)

[16:01] {dino} well, i for one am glad tis week is over, perhaps ewarnings will get us out of these tight range days

[16:01] {dino} lol larisa, in an hour or so

[16:01] {larisa} :)

[16:04] {Alw} ty

[16:04] {magoo} bru dino?

[16:08] {dino} indeed

Jul 09 2009

One word: boring. Couple stops, win - they balance each other and leave you wondering why you bothered to wake up.

Session Time: Thu Jul 09 00:00:01 2009

[08:11] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:11] {Threei} - Expectations for initial claims are 603K v prior release of 614K (range seen from 570K to 625K)

[08:11] {Threei} - Continuing claims seen at 6.740M v prior 6.738M. (range seen from 6.680M to 6.950M)

[08:11] {Threei} ****Note: Initial Claims has not registered a reading below 600K in 23 weeks since Jan 23rd

[08:13] {BillyD} gm Vad

[08:13] {Threei} good morning

[08:15] {Threei} *(CA) CANADA JUN HOUSING STARTS: 140.7K V 130.0KE

[08:15] {nemo} haroo

[08:15] {Threei} what language is that?

[08:16] {nemo} hobbit

[08:16] {nemo} you asked

[08:16] {Threei} {--- switching to lingon

[08:16] {nemo} couldn't be worse than your English...dohhhh

[08:17] {Threei} lol

[08:20] {Threei} BLTXX Baltic Dry Bulk Index -2.9%, (7th straight decline)

[08:25] {Threei} TGT Reports June SSS -6.2% v -5.8%e

[08:37] {Threei} DRYS is trying again... despite BDI being down again

[08:38] {Alw} gm

[08:38] {Threei} Alw :)

[08:50] {cosmo} NVAX pre mkt high = 2.90 fwiw

[08:53] {Threei} Novavax Inc. India Unit signs JV agreement with Cadila Pharmaceuticals

[08:53] {Threei} - This joint venture, called CPL Biologicals Pvt. Ltd., will develop and manufacture vaccines, biological therapeutics and diagnostics in India using technology contributed from Novavax and Cadila Pharmaceuticals.

[08:53] {Threei} - In addition, CPL Biologicals will establish manufacturing facilities in India and develop, produce and sell products such as seasonal influenza vaccine and potentially other novel vaccines against dengue fever and chikungunya fever based on Novavax''s virus-like-particle (VLP) vaccine technology. CPL Biologicals also expects to develop the pandemic H1N1 influenza vaccine candidate in India that Novavax is developing in the United States.

[08:59] {fernp} good morning everybody

[08:59] {Threei} fern :)

[09:03] {ese} good morning....last morning in Disneyland gonna be back home tonight with no crowds to fight

[09:03] {cosmo} why fight?

[09:04] {Threei} ese :)

[09:05] {ese} you have no choice......60,000 some people a day in this park....shoulder to shoulder most of the time in the old part of the park .....not so bad in the new part

[09:05] {ese} hey vad

[09:06] {cosmo} i thot they got rid of the old part

[09:06] {ese} nope.....looks to me like it's still the most popular part of the park

[09:07] {vinod} GM to all

[09:07] {cosmo} bring back engine joe's cave i say....

[09:07] {ese} vino

[09:07] {Threei} vinod :)

[09:08] {vinod} I am looking at YRCW today

[09:08] {ese} Thats now probabaly the Indiana Jones ride......

[09:09] {vinod} yes, the can go under or make it

[09:09] {dino} gm all

[09:10] {Threei} dino :)

[09:10] {dino} hope you had fun es

[09:10] {ese} hey dino

[09:11] {ese} yes we did......

[09:12] {ese} whats the disney symbol ....anyone know

[09:12] {Threei} DIS

[09:12] {Threei} (doh)

[09:13] {ese} tks

[09:13] {ese} hmmmm...22.30 a share

[09:15] {Threei} see DRYS ese?

[09:16] {ese} just looking at it now

06[09:17] * Threei slaps magoo around a bit with a large preventive greeting

[09:17] {magoo} ellow mates

[09:17] {ese} IS Disney theme park may be built in Shanghai's Chuansha district following the 2010 Shanghai Expo - Shanghai Securities News - Report cites sources from Shanghai government think tank and the planning agency of Shanghai's Pud... (23.09, +0.25, 1.09%) more... (related USD/CNY FXI

[09:19] {Threei} lol FAZ

[09:19] {Threei} total reset

[09:21] {BillyD} oh my, just saw TBUS on scanner....it's still alive

[09:21] {Threei} yeah, lol

[09:21] {Threei} contract in India

[09:21] {BillyD} it's amazing how they manage to stick around

[09:22] {jfjf64} mornin all

[09:22] {Threei} jf :)

[09:22] {BillyD} hi jfd

[09:22] {dino} tbus, is that the car wash co.?

[09:22] {Threei} no

[09:22] {BillyD} wasn't that mama

[09:22] {Threei} no...

[09:23] {BillyD} lol

[09:23] {Threei} trying to remember the symbol

[09:23] {Threei} car wash/security...

[09:23] {BillyD} don't hurt yourself

[09:23] {Threei} seriously... lol

[09:23] {Threei} MACE

[09:24] {BillyD} that's it

[09:24] {Threei} still around too, lol

[09:24] {BillyD} gotta give these guys credit to stay in business

[09:24] {BillyD} behind these little dogs

[09:25] {Threei} not all of them are that lucky of course

[09:25] {BillyD} scrappers in a vicious game

[09:25] {Threei} remember LOCK?

[09:25] {BillyD} oy yeah

[09:25] {ese} car wash security???? your joking right vad?

[09:26] {Threei} no... MACE is famous for being car wash company and national security company

[09:27] {ese} huh.....interesting

[09:27] {BillyD} they joined the security business through press releases when it was hot

[09:28] {cosmo} its for the water i heard

[09:28] {cosmo} water security

[09:28] {cosmo} ....no matter...

[09:31] {Threei} Long Setup: DRYS .39

[09:31] {Threei} if stays above .30

[09:32] {Threei} President Obama: there is a clear possibility for a significant H1N1 flu outbreak (related SWINEX )

[09:32] {Threei} hmmm... can he move NVAX?

[09:32] {cosmo} NVAX 2.90 test coming

[09:33] {cosmo} maybe

[09:33] {Threei} no he cant

[09:33] {BillyD} staying away NVAX

[09:33] {cosmo} yea

[09:34] {Threei} Egypt reportedly arrests 26 in connection with terror plot against Suez Canal

[09:35] {Threei} Long Setup: WFC .20 break

[09:35] {Threei} if stays above .10

[09:35] {_kenyee} is drys still valid

[09:36] {Threei} never lost .30

[09:36] {ese} in drys

[09:36] {ese} .39

[09:36] {magoo} in wefc drys

[09:38] {Threei} no worky WFC'

[09:38] {BillyD} yeah, don't seem to have much luck with it

[09:39] {ese} stop is .34

[09:40] {ese} stopped

[09:40] {ese} .339

[09:40] {ese} -.05

[09:41] {ese} saw that coming with ndx and compx tanking

[09:42] {Threei} oh well

[09:42] {ese} oh well.....

[09:42] {magoo} diouble sigh

[09:42] {ese} had to have tight stop with 5k at stake

[09:42] {nemo} summer transition

[09:42] {nemo} had this in the spring too

[09:43] {fernp} stopped DRYS

[09:44] {vinod} I have my stop at 5.25

[09:45] {ese} that just might work vino

[09:45] {nemo} yeah, swing highs from yesterday

[09:45] {vinod} market sucks

[09:46] {nemo} well, two of them anyway

[09:46] {ese} yup

[09:49] {magoo} quote server please

[09:50] {Threei} 11

[09:50] {magoo} ty

[09:51] {magoo} AIG vad

[09:51] {Threei} RIMM

[09:51] {Threei} biounce point

[09:51] {magoo} IN

[09:51] {Threei} .36

[09:51] {magoo} lol

[09:53] {Threei} half out

[09:53] {Threei} .50

[09:53] {Threei} scalpers take profit

[09:53] {dptl} good morning all

[09:53] {Threei} dp :)

[09:54] {Threei} AIG... dunno mags, maybe double bottom

[09:54] {Threei} not my favorite here

[09:54] {Threei} nah

[09:55] {magoo} out rimm .63 TY bossasaurass

[09:55] {Threei} out RIMM in full

[09:55] {Threei} +.32

[09:56] {magoo} whats .35 to .63 anyone?

06[09:56] * Threei mails abacus to magoo

[10:00] {Threei} MAY WHOLESALE INVENTORIES: -0.8% V -1.0%E

[10:00] {nemo} not quite enough fingers and toes magoo

[10:01] {nemo} yeah, give him an abacus...that'll screw him up

06[10:01] * nemo mails slide rule to magoo

06[10:01] * nemo :)

[10:04] {ese} i guess we can take it that the wholesale inventories aren't that bad....markets not tanking?

[10:05] {magoo} anyone have a real day high aapl?

[10:06] {vinod} boss-let us know about DRYS I have 2k

[10:06] {ese} 137.99 mags

[10:06] {magoo} .47

[10:06] {magoo} ty ese

[10:07] {magoo} laser has 9999999999\

[10:07] {Threei} lol

[10:07] {Threei} will do vinod

[10:09] {Threei} Long Setup: AAPL .45 if stays above .30

[10:13] {Threei} (US) Sec of Human Health: Swine Flu vaccine program will be federally supported

[10:13] {BillyD} one day there will be no one to buy bonds and those statements will go away

[10:16] {ese} thats an interesting thought that........

[10:16] {ese} pretty much system colapse after that

[10:16] {Threei} Long Setup: AAPL .10 break if stays above 136.90

[10:20] {dino} i suppose in a month aig will do another 1:20 reverse split

[10:20] {Threei} yup, lol

[10:21] {magoo} and shorts make millions again

[10:21] {Threei} Long Setup: KLAC .20 break if stays above .10

[10:22] {nemo} is AIG available for shorting?

[10:22] {Threei} no

[10:23] {nemo} I wouldn't think so...that would be like shooting fish (ow..what am I saying) in a bucket

[10:23] {ese} Wonder if anyone could give this short article a glance a give me an opion on it: http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20090707&ID=10124594&Symbol=INTC

[10:23] {ese} has to do with options on intc

[10:24] {ese} am not aqn options player but am assuming this has very bullish consequences

[10:25] {Threei} quite amazing dump AIG

[10:25] {magoo} 23 to 10

[10:25] {magoo} sik

[10:26] {Threei} World Bank Pres Zoellick: USD to remain primary reserve currency, great imbalances currently exist in currency markets

[10:26] {Threei} heh

[10:27] {Threei} Generic crude futures fall below $60 for the first time since May 26

[10:28] {dino} what about name brand

[10:28] {Threei} lol

[10:29] {magoo} vad bottom AIG

[10:29] {Threei} 0

[10:29] {BillyD} AIG needs a big capitulation spike imo

[10:30] {BillyD} to make a long worth it

[10:30] {Threei} yeah

[10:30] {Threei} .40 break is technically valid attempt

[10:30] {Threei} I personally will refrain

[10:30] {nemo} yeah, that's javelin catching

[10:31] {BillyD} you would need a .10 stop imo if taking at .40

[10:31] {nemo} and tranquilizers

[10:31] {Threei} and diapers

[10:31] {BillyD} lol

[10:32] {nemo} nah, I think sphincter pressure will be so great diapers unnecessary

[10:32] {Threei} early alert: http://caracommunity.com//sites/default/files/10CB10CPDF.pdf

[10:35] {Threei} AIG is not even falling knife - rather falling piano

[10:37] {magoo} SHEESH..system CRASH

[10:38] {Threei} not midtrade I hope?

[10:38] {magoo} stikll got DRYS donkey

[10:40] {jfjf64} any read jpm vad

[10:41] {Threei} not really

[10:41] {magoo} klac back vadf

[10:42] {magoo} in .20

[10:42] {Threei} no clean level to place stop mags

[10:42] {magoo} wont need it right?

[10:42] {Threei} hopefully, lol

[10:44] {nemo} got a rising trend line though

[10:45] {Threei} NVAX Hearing vague chatter may receive a flu vaccine contract from the UK Govt (2.78, 0.27, 10.76%)

[10:46] {Threei} conccerted effort to move this thing today

[10:46] {nemo} mags get out

[10:47] {Threei} AIG stabilized a bit

[10:47] {nemo} yeah, for a dbi

[10:47] {Threei} lol

[10:49] {magoo} out EVERYTHING GARbage

[10:49] {Threei} that wasn't clean entry on KLAC mags

[10:49] {Threei} asked for troubles

[10:50] {magoo} just get into short mode..this mkts going back to 7000

[10:51] {nemo} 666

[10:51] {magoo} look aapl..points if we shorted

[10:51] {magoo} open pop..then short

[10:51] {magoo} summer gonna be brutal long

[10:52] {fernp} agree

[10:52] {nemo} RIMM flirting with highs

[10:52] {Threei} you guys are spoiled

[10:52] {magoo} may get pops ..but overall we need to recognize downtrend upon us

[10:52] {Threei} every summer is like this except last one

[10:53] {fernp} you are here to protectus, lol

[10:53] {nemo} frickin aig

[10:54] {nemo} yeah guardian demon

[10:56] {jfjf64} look at wynn

[10:57] {Threei} LVS and MGM too

[10:57] {dino} qcom sm l .25 stop .99

[10:58] {jfjf64} hmm

[10:59] {dino} penn too

[10:59] {_kenyee} what does 'sm' after the stock mean?

[10:59] {jfjf64} charts all similar

[11:00] {nemo} sm=small as in "small lot"

[11:00] {jfjf64} nothin lk market

[11:00] {_kenyee} ty

[11:02] {Threei} YRCW Reaches Tentative Agreement with Teamsters

[11:02] {Threei} - Details surrounding the tentative agreement are expected to be available next week following furth... (1.35, 0.46, 51.69%) more...

[11:03] {Threei} following further discussions with labor leadership. The modified agreement will be voted on by YRC Worldwide employees who are represented by the IBT.

[11:03] {Threei} - The proposed changes are designed to reduce the company''s cost structure and preserve operating capital.

[11:04] {dino} kenyee 400

[11:05] {ese} sounds like a motor race "THE KENYEE 400"

[11:05] {dino} lol

[11:05] {_kenyee} name fits on a license plate, when I can afford it

[11:05] {ese} too funny

[11:06] {_kenyee} 400 shares= a small lot?

[11:06] {ese} 200/300

[11:07] {nemo} ese...a small lot for you is 10k

[11:07] {ese} 1/2 lot 500, 3/4 lot 700,

[11:07] {ese} full lot 1000

[11:07] {Threei} it's not universal for everyone kenyee

[11:07] {dino} y

[11:07] {_kenyee} ty

[11:07] {nemo} it's like tomato tomahto

[11:08] {dino} np

[11:08] {ese} and my standard crap load lot 20/25k

[11:08] {nemo} or Grey Goose vs Ripple

[11:08] {ese} true nemo.......thats because of vads influence......trying to keep up to the jones

[11:09] {jfjf64} c/h faz lol

[11:16] {Threei} [09:08] {vinod} I am looking at YRCW today

[11:16] {Threei} you should have just told us to buy 25K shares

[11:21] {jfjf64} looks lk still goin up up up

[11:21] {vinod} I brought YRCW at premarket at 1.05 only 500

[11:24] {magoo} vad..after we get out of this drys trade..promise u take off your screen foreever paleeeeaaasssseee

[11:25] {Threei} can't... what I can though is to attach warning label:

[11:25] {Threei} Attention DRYS traders - magoo excluded

[11:26] {Threei} big pullback YRCW

[11:26] {magoo} that will work

[11:26] {vinod} Mag00-look like i am married to DRYS instead of one ninght stnad

[11:27] {nemo} what's your wife going to say vino?

[11:27] {magoo} i cant stand these type trades..its like what..i got all day to sit here and wait..watch

[11:27] {_kenyee} I got divorced from DRYS and still paying alimony!

[11:27] {vinod} she once told me who wants to buy used car

[11:27] {Threei} (US) White House: The absence of Chinese Premier Wen did not impact G8 climate talks

[11:28] {Threei} of course not, he wouldn't care about that anyway

[11:28] {Threei} (US) House Speaker Pelosi (D): House healthcare plan does not include provisions to tax employee benefits; talk of a second stimulus 'premature'

[11:36] {Threei} S Signs agreement with Ericsson (4.40, 0.11, 2.56%) (related ERIC )

[11:36] {Threei} The agreement, with an option for renewal, will result in payments for services valued at between $4.5 billion and $5 billion (USD) over the seven-year term of the contract. The transaction calls for about 6,000 Sprint employees to begin performing their network functions as Ericsson employees sometime in the 3rd quarter.

[11:39] {ese} zzzzzzzzzz....smorffff.....glagg....ah hem.......zzzzzzzzzzzzzzzzzzzzzzzzz

[11:39] {Threei} S honestly trying

[11:39] {dino} ditto

[11:39] {nemo} which end is that coming out of ese?

[11:39] {Threei} 5B

[11:39] {ese} now THAT.....was funny

[11:43] {Threei} magoo

[11:45] {magoo} huh/

[11:45] {magoo} ?

06[11:45] * Threei signals with his eyes to the right

06[11:45] * magoo slaps laserdave around a bit with a large trout

[11:45] {Threei} there

06[11:45] * magoo slaps laserdave around a bit with a large trout

06[11:45] * magoo slaps laserdave around a bit with a large trout

[11:46] {dino} apol sm l .10 stop .83

[11:46] {magoo} your best alert of day he he {as magoo grabs vads vodka and runs for nearest cave}

[11:46] {Threei} lol

[11:47] {Threei} I thought you liked RIMM

[11:47] {magoo} i did but forgot about it already

[11:47] {magoo} staring at drys

[11:47] {Threei} i would too but I wrote it down

[11:48] {dino} baltic frieght index is in a multi day decline fwiw

[11:48] {Threei} yes dino... DRYS owever stopped downtrending

[11:48] {Threei} did it yesterday and confirmed today

[11:48] {Threei} which was th reason for the call

[11:49] {dino} you short?

[11:50] {Threei} ?

[11:50] {Threei} DRYS? no

[11:51] {ese} LFITB .82

[11:57] {jfjf64} aig ? resistance .59

[11:57] {Threei} toughie

[11:57] {Threei} 50/50

[12:02] {magoo} AA vad..bouncer?

[12:02] {magoo} in .50 now

[12:03] {Threei} why not... stop is tight enough

[12:08] {dino} apol stopped

[12:11] {Threei} WSJ reports Cerberus declines to allow investors out of its main hedge fund

[12:11] {Threei} - Cerberus reportedly creating a special vehicle to allow some investors to cash out of the fund over time. The fund implementing lower fees and longer lock up period.

[12:11] {Threei} Hotel California?

[12:12] {dino} sounds like they may not have the $

[12:14] {Threei} either that or are trying to prevent redemption meltdown

[12:15] {Threei} hard to imagine it can be legal though

[12:18] {dino} at the very least, obviously they are not doing well

[12:18] {magoo} A

[12:18] {magoo} I

[12:18] {magoo} G

[12:18] {dino} frickin apol rinsed

[12:20] {nemo} yeah look at that capitultion volume spike

[12:21] {jfjf64} draw resistant line .59

[12:25] {Threei} pullback AIG

[12:26] {magoo} the squeeze may be on

[12:29] {Threei} feels like going over 11

[12:33] {Threei} these sharp teleportations look familiar eh?

[12:33] {Threei} if you have cobra-like reflexes they are scalpable

[12:36] {Threei} S all the way back to pre-news level

[12:36] {jfjf64} ?rimm

[12:37] {Threei} RIMM is strangely narrow today

[12:37] {Threei} LVS has bigger range today that RIMM

[12:37] {nemo} butting up right against R1 67.10 on it's pivot

[12:38] {Threei} that = than

[12:38] {nemo} If then else?

[12:39] {nemo} How long does it take a grasshopper with a wooden leg to kick all the seeds out of a dill pickle?

[12:39] {magoo} vads..half out drys .40 he hge

[12:40] {Threei} ummm

[12:40] {Threei} congratulations, I guess

[12:40] {magoo} im asking

[12:40] {nemo} after commissions your up .01?

[12:40] {magoo} whats a guy gotta do for a fish?

[12:40] {Threei} mags, I don't know what to say... this is simply not your type

[12:40] {Threei} too slow for you

06[12:41] * nemo slaps magoo around a bit with a large trout

[12:41] {Threei} but when this kind works, you get mad that you haven't hel it

[12:41] {magoo} thats all i wanted ..thanx cap'n nemo

[12:41] {Threei} shrug

06[12:41] * nemo slaps magoo around a bit with a large flounder

06[12:41] * nemo slaps magoo around a bit with a large halibut

06[12:41] * nemo slaps magoo around a bit with a large cod

06[12:41] * nemo slaps magoo around a bit with a large coelecanth

[12:42] {magoo} i do get mad..you speak the truth

[12:42] {nemo} now go make seafood salad

06[12:42] * Threei slaps magoo around a bit with a large nemo

[12:42] {nemo} might want to skip the coelecanth, they're kinda' tough

[12:44] {Threei} anyone's contemplating coming to Freeport in Jan?

[12:46] {ese} whats in freeport vad?.....you?

[12:46] {nemo} conference ese

[12:46] {nemo} It was a lot of fun...you get to listen to vad bloviate for days

[12:46] {Threei} http://caracommunity.com//sites/default/files/10CB10CPDF.pdf

[12:47] {ese} just might do that......am going 1/2 X next year so may have the time

[12:47] {Threei} here is slideshow from this year:

[12:47] {Threei} http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[12:48] {jfjf64} lvs pullbk

[12:49] {Threei} guess who is on TV

[12:49] {magoo} the link says march vad

[12:49] {Threei} which link?

[12:50] {nemo} Over MLK weekend

[12:50] {magoo} [12:48] {&Threei} http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[12:50] {nemo} well, centers around that

[12:50] {Threei} that's the one that is already in the past magoo

[12:50] {Threei} as in: before today

[12:50] {Threei} meaning, already took place

[12:50] {magoo} u posted it not me

[12:50] {Threei} while another link is for the future

[12:51] {Threei} as in: will be later

[12:51] {Threei} meaning, still hasn't taken place

[12:51] {Threei} overall idea is:

[12:51] {nemo} frickin' pisdah

[12:51] {Threei} one link shows how it happens

[12:51] {Threei} another is for the future event

[12:51] {nemo} oops janitor

[12:52] {magoo} now im confused :)

[12:52] {Threei} which you can attend if you liked past event

[12:52] {nemo} your normal state mags

06[12:52] * BillyD slaps magoo around a bit with a large trout

[12:52] {Threei} now, all of you who watched this dialong... you see what I deal with?

[12:52] {BillyD} unconfuse therapy

[12:52] {BillyD} your patience at all time new levels vad

[12:52] {Threei} hehe

[12:53] {Threei} having magoo and nemo around will do that to you

[12:53] {nemo} dangling preposition Vad..tsk tsk

[12:55] {nemo} RIMM approaching resistance

[12:56] {nemo} over resistance

[12:56] {magoo} just imagine if we both attended

[12:56] {nemo} I was there

[12:56] {Threei} actually that could be great

[12:57] {Threei} you'd keeop each other busy

[12:57] {BillyD} lol

[12:57] {nemo} Yeah, we can talk about hunting

[12:57] {magoo} i went to bermuda by mistake

[12:57] {Threei} as in that old knock knock joke

[12:58] {Threei} who is there? - IRS - what do you want? - to talk? - how many of you there? - two - great, talk to each other then

[12:58] {ese} cool....i think i go just to play with the Henry Moss Quartet.......Vad CTA instructor......looks like alot of fun......can my wife come?

[12:58] {Threei} absolutely

[12:58] {Threei} it's family event for many

[12:58] {Threei} tax-deductible vacation

[12:59] {jfjf64} lvs vad .55 break?

[12:59] {Threei} I wish it held .50 jf

[12:59] {jfjf64} me toooo

[13:00] {nemo} support @ .48

[13:00] {nemo} .45?

[13:00] {jfjf64} rimm ouch

[13:02] {Threei} *TREASURY'S $11B 30-YEAR BOND REOPENING BID-TO-COVER RATIO: 2.36 V 2.68 PRIOR AND 2.56 AVE OVER THE LAST 5 REOPENINGS

[13:02] {Threei} - indirect bidders take 50.2% of competitive bids

[13:02] {nemo} that's bad

[13:03] {nemo} 10 years and 30 years are taking it hard. Only short term are doing well

[13:03] {nemo} Duh...the world thinks (for good reason) we're screwed

[13:03] {nemo} look at tbt

[13:04] {Threei} the world is mistaken - unless we allow current administration to continue their chosen path

[13:04] {nemo} and congress...

[13:05] {nemo} or as someone writes...CONgress

[13:06] {dino} good one

[13:07] {Threei} the camp 'USD is doomed" is wrong, IMO

[13:08] {nemo} The wild card is in a fiat world when all the economies have to finance their debt, from whom are they going to borrow?

[13:09] {Threei} yeah, that's my eternal question

[13:09] {Threei} if all governments are in debt, who is the lender?

[13:10] {Threei} and btw, look at TBT

[13:10] {nemo} [13:03] {nemo} look at tbt

[13:11] {Threei} sigh... magoo #2

06[13:11] * nemo ties the noose

[13:11] {Threei} you said it when it went up... I say it now meaning it reversed

06[13:11] * nemo throws the rope over the beam

06[13:11] * nemo puts a chair under the noose

[13:12] {Threei} anyone has some simple book explaining concepts of past and future fot hese two?

[13:12] {Threei} desirably with drawings?

[13:13] {nemo} damn, can't climb with these fins

[13:25] {ese} outta here to catch a plane.....see you all tomorrow....still long fitb am gonna hold over night take care

[13:25] {Threei} have a safe flight eswe

[13:25] {ese} tks vad

[13:25] {Threei} you have party to attend this Sunday, so take care of yourself

[13:32] {_kenyee} what's your take on GE? is that a cup and handle?

[13:33] {nemo} volume should match the drop in the handle

[13:33] {Threei} more or less... not delighted by breakouts right now

[13:40] {nemo} $ taking a pounding today and the markets not really moving

[13:52] {magoo} mkts could rot 2-2:30pm

[13:53] {nemo} or rip

[13:54] {magoo} that does itttttttt........................

06[13:54] * magoo slaps nemo around a bit with a large trout

[13:54] {magoo} interesting..just noticed your name is directly under mine

[13:55] {nemo} Vad, would you change my handle to "Alexander"?

[13:55] {Threei} no'

[13:55] {magoo} and mine to alexie

[13:56] {nemo} How about zoroastrian"?

[13:56] {magoo} and mine zagnatermator

[13:56] {Threei} rofl

[13:57] {magoo} would nemo have to sit in desk directly behind magoo at conference?

[13:57] {johnnyj} all names should have four letters... unless they need reorganization

[13:57] {nemo} No, I'm usually kept in an aquarium

[13:58] {nemo} LOOK AT TBT!

[13:58] {magoo} look TBT

06[13:59] * magoo slaps _kenyee around a bit with a large trout

[14:01] {dptl} have a good evening all

[14:01] {fernp} you too dp

[14:01] {magoo} bye dp

[14:01] {Threei} take care dp

[14:03] {dino} sm snda l .50

[14:06] {_kenyee} is depth and volume a concern on snda?

[14:06] {Threei} for most yes

[14:06] {Threei} but it's dino's typical style

[14:07] {dino} no kenyee.

[14:10] {dino} breakouts are nonexistant lately

[14:12] {nemo} vix is own 5.5% today

[14:12] {dino} darn pol would've had a buck. stop was too tight

[14:12] {dino} pru hod

[14:13] {dino} pol=apol

[14:13] {_kenyee} do you prefer breakouts or retracements?

[14:14] {dino} mostly euphoria and capitualations

[14:14] {dino} this week though everything is down big

[14:14] {dino} i buy capits and sell euphoria

[14:15] {dino} i liked apol because it was down 8 points in 4 days

[14:15] {dino} snda-5 in 2 days

[14:15] {_kenyee} is that like picking tops and bottoms?

[14:16] {dino} fast though, 15% quick moves i like

[14:25] {johnnyj} a nice little mojo to the upside would cause the most pain this afternoon

06[14:25] * nemo does magoo impression, 'We in anything Vad?"

06[14:25] * nemo does nemo impression, "coma."

[14:25] {dino} could be just contra our noise

[14:25] {dino} hour

[14:27] {nemo} It's the PPT muddying the waters

[14:27] {_kenyee} is that euphoria on aks?

[14:27] {magoo} we in anything vad?

[14:28] {nemo} rofl

[14:28] {nemo} kenyee, look at a 5 min chart

[14:28] {nemo} just working back to resistance

[14:29] {dino} imo no

[14:29] {dino} look for a $2-$ spike in minutes

[14:30] {nemo} "SEC to call for Calif. IOUs treated as securities"

[14:30] {nemo} Wonder when they'll have to start giving out IOUs on their IOUs?

[14:30] {_kenyee} everyone can print money these days

[14:31] {magoo} VAADDDDDDDd

[14:31] {Threei} US Rep Frank: Not planning to limit company size as part of financial regulatory overhaul; primary supervisor alone should have authority to 'wind down' firms

[14:31] {Threei} - Now is not an appropriate time for focus on restructuring GSEs; restructuring will be a high priority in 2010

[14:31] {magoo} r or r?

[14:31] {Threei} yes

[14:31] {magoo} ty'

[14:31] {Threei} yw

[14:31] {Threei} Treasury's Geithner: Plans to meet with soverign wealth fund leader in Abu Dhabi

[14:32] {nemo} the Wimpy routine

[14:32] {dino} going back a hundred years and every bank will issue their own dollars

[14:33] {Threei} (US) Treasury's Geithner plans to meet with UK PM Brown, UK Treasurer Darling, French Fin Min Legarde and sovereign wealth fund leaders next week

[14:33] {Threei} he is having active social life

[14:33] {nemo} got to figure out how to keep gold down

[14:34] {Threei} easy

[14:34] {Threei} don't monetize debt

[14:34] {Threei} don't print new money as if there is no tom,orrow

[14:35] {nemo} a little late

[14:35] {Threei} don't bankrupt country by 4 new stimulus packages and 18 new social programs, each sized as a planet

[14:35] {Threei} that's it... gold is dead, dollar is golden

[14:36] {_kenyee} the plan is for hyperinflation

[14:36] {Threei} I am not aso sure

[14:38] {dino} its the only way out. inflate it away'

[14:39] {_kenyee} dollar=charmin

[14:39] {nemo} 2 ply at best...I wish it were charmin

[14:41] {Threei} who want a bet dollar is preparing a rally no one expects and foresees?

[14:42] {Threei} just like no one forecasted previous one

[14:42] {nemo} I agree

[14:42] {_kenyee} maybe the government can sell advertising rights to to the dollar

[14:43] {nemo} Especially if China has been financing their own bubble. All other fiat currencies are screwed too

[14:43] {Threei} heh

[14:44] {Threei} just tell me kehyee... do you remember any single market observer who foresaw a dollar rally from its low a year and half ago?

[14:44] {Threei} everuone and their brother predicted it going down the toilet

[14:44] {Threei} it was so obvious

[14:44] {Threei} exactly opposite happened, stunning whole world

[14:44] {magoo} AIG losing 10

[14:45] {Threei} of course later on it became just as obvious to everyone why it happened

[14:45] {_kenyee} I learned from you that the majority is wrong most of the time:)

[14:45] {Threei} same thing develops now

[14:45] {Threei} everyone knows dollar is going to drop

[14:46] {Threei} no one is acapable of answerring one simple questions though:

[14:46] {Threei} drop against what?

[14:46] {_kenyee} the canadian dollar:D

[14:46] {Threei} as if anyone cares about that, lol

[14:47] {_kenyee} it matters if your from detroit and go to the windsor casino

[14:53] {Threei} AIG lost 10

06[15:05] * BillyD lost interest

[15:06] {BillyD} can't short it

[15:06] {Threei} SEC comments that California IOUs could become tradeable in a regulated market

[15:06] {BillyD} only way to get something for them?

[15:07] {Threei} no... the way to lower cost of obligations

[15:08] {BillyD} and stae gets off the no liquidity hook

[15:08] {BillyD} state

[15:08] {Threei} there you go

[15:08] {Threei} who says capitalism doesn't work

[15:08] {BillyD} they win

[15:08] {BillyD} lol

[15:08] {Threei} :)

[15:09] {BillyD} little guy who is state employee gonna have to take a discount for his iou

[15:09] {BillyD} some is better than none

[15:15] {Threei} AA, what a pathetic performance after the gap

[15:17] {Threei} Fed's Kohn: See little risk of conflict between many roles; Fed is positioned well as a systemic regulator

[15:17] {Threei} really... what's the problem with fox guarding hen house

[15:26] {jfjf64} what happens when aig gets to 1.00

[15:27] {johnnyj} you cover your short?

[15:27] {Threei} lol

[15:27] {Threei} they go for another reverse split I guess

[15:28] {jfjf64} maybe 50/1 better next tm

[15:28] {Threei} not sure... hight to fall from is bigger but speed will increase as well {G}

[15:30] {jfjf64} cof s trigger.13 for me

[15:31] {BillyD} does TBT trade like a normal stock?

[15:31] {Threei} what do you mean?

[15:32] {BillyD} it's an ETF right - a basket of stocks or stuff

[15:33] {dino} snda stopped

[15:33] {Threei} UltraShort 20+ Year Treasure

[15:33] {Threei} twice the inverse daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, United States Treasury securities that have a remaining maturity of 20 years or greater

[15:34] {BillyD} QID does opposite of mkt and wasn't sure how TBT is tied to mkt

[15:34] {dino} trades off interest rate moves

[15:34] {dino} tbt, tlt

[15:34] {Threei} QID is NASDAQ

[15:34] {Threei} TBT is not directly tied into market

[15:34] {BillyD} ok ty

[15:34] {Threei} all those auctions impact it

[15:35] {dino} yes

[15:35] {Threei} there is connection with market of course but it's not as direct and immediate

[15:35] {magoo} jesus AIG seeing 8 area

[15:35] {BillyD} I guess you can still play them based on typical setups though rifght

[15:36] {magoo} soon

[15:36] {Threei} more or less yes

[15:36] {Threei} but make sure you don't do it ariound auction times

[15:36] {BillyD} ok

[15:37] {dino} wynn s .99

[15:46] {jfjf64} market kp it up dino she wants to drop

[15:46] {dino} thought it would break

[15:47] {dino} just not my day

[15:47] {jfjf64} im in it too

[15:47] {dino} bstop is .15

[15:49] {Threei} look at the range

[15:49] {Threei} NQ less than 15 points for the day

[15:49] {Threei} any wonder we are not finding trades?

[15:52] {jfjf64} die elvis

[15:53] {Threei} YRCW desrves a look as possible gap candidate

[15:56] {jfjf64} dino can ya knock this down in next 2 min pls

[15:57] {jfjf64} 1/1

[15:58] {dino} will do

[15:58] {jfjf64} .80 nice

[15:59] {dino} cov .89

[15:59] {Threei} okay guys, thank you all

[15:59] {dino} gj jf

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {BillyD} cya

[15:59] {fernp} good evening to all

Jul 08 2009

Couldn't get in markert's rythm today. While some trades worked and general idea of direction was right, timing on entries was off so I backed away to preserve capital and save many papercuts.

Session Time: Wed Jul 08 00:00:00 2009

[08:27] {nemo} How's it look up there Raven?

[08:29] {Raven} 54F and sun with no wind

[08:29] {nemo} Sun? What's that...feel like I'm living in Germany again...weatherman is the easiest job in Germany...forecast: rain

[08:30] {nemo} Given your forecast, targetting ground objects should be....ahem....a breeze....

[08:31] {Threei} Good morning early risers

[08:31] {Raven} yes ... and I will be alert

[08:31] {Raven} 3;:)

[08:31] {Raven} 3i

[08:31] {Threei} R :)

[08:31] {nemo} iii :)

[08:32] {Threei} creative

[08:39] {Alw} gm

[08:39] {Threei} Alw :)

[08:39] {patience} gm guys :)

[08:40] {Threei} patience :)

[08:40] {patience} Baby Owen was born last night, 9 pounds, 5 ounces :)

[08:41] {Threei} I guess you need to add, not yours :)

[08:43] {patience} oh, yup....sorry, should have dcc'ed you

[08:43] {nemo} I was going to day....dedicated trader

[08:46] {ese} morning

[08:47] {Threei} ese :)

[08:50] {ese} morning vad....

[08:51] {fernp} good morning everybody

[08:51] {Threei} fern :)

[08:52] {ese} fern

[08:55] {BillyD} gm all :)

[08:55] {Threei} TRGT Announces Decision by AstraZeneca to Advance AZD3480 Program in ADHD; will receive $10M payment

[08:55] {Threei} - AstraZeneca has informed Targacept that it plans to conduct further development of AZD3480 (TC-173... (2.44, 0.00, 0.00%) more... (related AZN )

[08:55] {Threei} Billy :)

[08:56] {BillyD} remember AA today Vad

[08:56] {BillyD} the stock I mean

[08:56] {Threei} yes, ty... now, who is Vad?

[08:57] {BillyD} the other guy

[08:57] {nemo} RIMM dropped a buck already

[08:57] {Threei} wait... the stock? not the "hi, my name is .., and I am an..."?

[09:00] {Threei} *IMF WORLD ECONOMIC OUTLOOK UPDATE: RASIES 2010 GLOBAL OUTLOOK TO 2.5% V 1.9% PRIOR

[09:00] {dino} gm all

[09:00] {Threei} dino :)

[09:02] {dino} fdo, dltr, amgn rocking

[09:03] {cosmo} XNPT holds 18.70 ...so far

[09:03] {Threei} SUMT Selected by Memorial Healthcare System

[09:04] {Threei} The Solution Set allows healthcare providers to manage goals, perform clinical competency assessments and year-end reviews, create targeted learning and development programs that correct competency gaps, meet audit requirements of the Joint Commission, manage compensation and better track and manage continuing education credits required for regular license renewal.

[09:05] {dino} rtp, what was close? cyber says 124.45; yahoo has147.29

[09:05] {BillyD} 147.29

[09:06] {ese} mine says 124.45

[09:06] {dino} 22.80 div.?

[09:07] {Alw} trouble in china

[09:07] {ese} when you look at the chart theres no way way it can be 124

[09:07] {nemo} where's Kurt Russell when you need him

[09:07] {Alw} rio tinto had 4 executives detained by Chinese authorities

[09:07] {Threei} ABAT Signs distribution agreement with ZAP

[09:07] {Threei} - ABAT''s batteries will play an important role in vehicles such as ZAP''s XL/XR

[09:08] {dino} yeah, i see, also big dividend

[09:08] {Threei} RIO.UK Exec: Can not confirm that Chinese iron ore talks have been settled

[09:08] {Threei} - States the talks are ongoing as they have been for some weeks

[09:13] {_kenyee} good morning

[09:15] {Threei} kenyee :)

[09:15] {dino} ice still getting crushed

[09:19] {magoo} wrjRWJOJHIWrji

[09:19] {magoo} amgn huge

[09:19] {ese} oidlkelkjoilkew

[09:20] {jfjf64} mornin all

[09:20] {ese} jf

[09:20] {Threei} IMF Chief Economist Blanchard: Those forces pulling economy up remain weak; Sustained recovery will demand private spending

[09:20] {Threei} - Forces pulling economy down are now less than before

[09:20] {Threei} - Banks are still not in great shapemore

[09:20] {BillyD} jf, magoo

[09:20] {Threei} magoo, jf :)

[09:21] {Threei} Must see coordination of exit strategies on global basis

[09:21] {Threei} - It is not possible for Asian economies to 'decouple' from global economy

[09:21] {BillyD} It is kind of interesting how the whole world is in this financial situation together

[09:22] {Threei} and blaming USA with one voice

[09:22] {BillyD} well, when the center crumbles it affects the whole

[09:22] {ese} yup....everyone else was just as greedy

[09:23] {Threei} exactly, and never complained while USA was world's economic engine

[09:23] {jfjf64} anythin in cross hairs 3i

[09:23] {Threei} nothing definitive

[09:23] {Threei} AA on watch

[09:23] {Threei} DRYS too

[09:24] {jfjf64} ty

[09:24] {dptl} good morning all

[09:24] {Threei} at Credit Suisse; DRYS raised to Outperform from Underperform

[09:24] {Threei} - DRYS price target $8

[09:24] {Threei} dp :)

[09:24] {jfjf64} dp

[09:25] {Threei} also, BDI is down today for the 6th time in a row, yet DRYS is up

[09:26] {vinod} good morning to all

[09:26] {Threei} vinod :)

[09:30] {Threei} QTWW Signs $10.2 Million Phase III Development Contract With Fisker Automotive (0.74, 0.04, 5.80%)

[09:31] {Threei} Co announced that it has signed a contract for Phase III development of plug-in hybrid powertrains

[09:32] {Threei} AA finds some buyers... let's see if we get pullback into .50 - .55 zone

[09:33] {jfjf64} drys

[09:33] {_kenyee} do we buy on the pullback?

[09:33] {Threei} that's the idea

[09:34] {Threei} market pulling back

[09:35] {Threei} ok either .65 long if stays above .55 (less delighted by this setup),

[09:35] {Threei} or first strength from .50 - .55 zone

[09:35] {magoo} in .60

[09:36] {fernp} missed

[09:36] {BillyD} same here

[09:37] {Alw} missed

[09:37] {Threei} .65 was available...

[09:37] {magoo} i took first strength

[09:38] {Alw} yup - me too slow

[09:39] {Threei} second chance

[09:39] {BillyD} in

[09:39] {fernp} i am in

[09:39] {Alw} in .64

[09:39] {magoo} spy nearing 200ma

[09:40] {magoo} wfc pullbk

[09:40] {Threei} FBI confirms arrests of employees at wall st brokerage, declines to identify firm untill formal charges filed

[09:41] {vinod} aa i 9.60 stop?

[09:41] {Threei} under .55

[09:41] {_kenyee} what is stop on AA?

[09:41] {Threei} [09:35] {Threei} ok either .65 long if stays above .55

[09:43] {BillyD} out 1/2

[09:43] {fernp} my 1:1 is .72 ty Vad

[09:43] {Threei} ugh... missed DRYS pullback to .20

[09:45] {magoo} im thinking .87 area AA

[09:46] {Threei} if market helps

[09:46] {Threei} .82 yesterday's high

[09:46] {vinod} out AA 9.73

[09:47] {vinod} ty--vad

[09:47] {Threei} sure

[09:47] {Threei} you guys are so impatient, lol

[09:47] {Threei} maybe you are pesky scalpers??

[09:48] {vinod} for me VAD--I got my $200 is good enough for the day

[09:48] {Threei} :)

[09:50] {Threei} DRYS... George is getting upset

[09:51] {Threei} AA 1:1

[09:51] {Threei} half out, scalpers out in full

[09:52] {Threei} who tripped over the plug?

[09:52] {nemo} mags?

[09:53] {Threei} nemo, I know you are clumsy... but please be careful with market plug, it's fragile as it is

[09:53] {nemo} I haven't left my seat

[09:53] {Threei} telekinesys?

[09:53] {nemo} I wish

[09:54] {Alw} out AA 9.72 ty Vad - still learning patience

[09:54] {Threei} :)

[09:54] {vinod} seconf trip for AA ?

[09:55] {Threei} I don't like this market drop vinod...

[09:55] {Threei} feels like it may put an end to long plays for now

[09:55] {nemo} reverse of what dino predicted yesterday

[09:55] {nemo} It's his fault

[09:56] {vinod} ty--you people are great

[09:56] {Threei} I still think you mayte have to do something with it nemo... but could be just my habit of blaming you and magoo for everything

06[09:56] * nemo begins "deaththink"

[09:57] {BillyD} out rest flat

06[09:57] * Threei takes off long cap, puts short one on

[10:00] {Threei} and RIMM short on 66 breakdown I didn't take why??

[10:00] {nemo} you were too busy blaming me for the market fall

[10:00] {Threei} oh... right

[10:00] {nemo} fcx looks like it's going to pull a RIMM

[10:08] {Threei} Short Setup: CAT .30

[10:08] {Threei} if stays under .40

[10:08] {Threei} wow... unavailable

[10:08] {Threei} invalidated anyway

[10:08] {magoo} WOW

[10:09] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:09] {Threei} **consensus expectations:

[10:09] {Threei} Crude: -2.5Me

[10:09] {Threei} Gasoline: +800Ke

[10:09] {Threei} Distillate: +1.7Me

[10:09] {nemo} everybody must be short the market

[10:10] {Threei} ARYX Hearing defended at Jefferies (timing uncertain) (2.45, -1.76, -41.81%)

[10:14] {magoo} any read AMZN boss

[10:14] {BillyD} alot of support in that AA.....no pun intented lol

[10:14] {Threei} double bottom bounce is the only play I would try here mags

[10:15] {magoo} check out DD lol

[10:15] {Threei} short 77 breakdown - only if market makes biiiig red candle, and AAPL gives a little delay for entry

[10:16] {Threei} Long Setup: AAPL .15

[10:16] {Threei} half lot

[10:16] {Threei} stop .95

[10:16] {Threei} argh

[10:16] {Threei} AMZN

[10:16] {Threei} sorry

[10:17] {magoo} yea..i pulled up aapl lol

[10:17] {Threei} sigh

[10:17] {nemo} me too

[10:17] {BillyD} lol

[10:17] {Threei} wait for pullback

[10:17] {magoo} in .11

[10:17] {Threei} should give one now

[10:17] {_kenyee} you mean 134.15?

[10:17] {_kenyee} amzn

[10:17] {Threei} no, I mean AMZN

[10:18] {Threei} here is pullback

[10:18] {magoo} .,lol

[10:19] {Threei} crap

[10:19] {Threei} doesn't work anyway

[10:20] {Threei} what was that seizure?

[10:20] {BillyD} lol...

[10:20] {magoo} games..foolery

[10:29] {Threei} US House Ways and Means Committee: Current draft of healthcare reform includes more than $500B in Medicare savings over a period of 10 years

[10:29] {Threei} - Cites congressional budget office (CBO) for estimates of savings

[10:29] {nemo} rimm dancing at support

[10:30] {Threei} they are so delusional

[10:30] {Threei} ask Canada how cost savings work in this type of health care

[10:30] {Threei} *DOE CRUDE: -2.9M V -2.5ME; GASOLINE: +1.9M V +800KE; DISTILLATE: +3.7M V +1.7ME; CAPACITY UTILIZATION: 86.8% V 86.8%E.

[10:35] {BillyD} little tough to pick entries with comviction on direction

[10:35] {Threei} EQIX is getting hit by rumors on accounting issues

[10:38] {Threei} Short Setup: WFC .20 break

[10:39] {nemo} unless .33?

[10:39] {Threei} .30 even

[10:41] {BillyD} each stocks behavior seems consistently random

[10:41] {Threei} lol

[10:41] {_kenyee} is wfc invalidated?

[10:41] {nemo} a definite maybe

[10:41] {nemo} discretionary?

[10:42] {Threei} yes WFC

[10:42] {Threei} maybe will reinstate itself by staying within the range fr a few minutes

[10:49] {Threei} Long Setup: RIMM 65 break

[10:49] {Threei} if stays above .85

[10:49] {magoo} in

[10:50] {magoo} u call rimm..i am inn..u call aapl..i drink a snapple

[10:50] {johnnyj} great rinse at 65... love the trade

[10:52] {Threei} no go

[10:52] {magoo} god damm this mkt

[10:52] {BillyD} mkt spikes brutal today

[10:52] {BillyD} rug pullers everywhere

[10:53] {nemo} see if it bounces off support

[10:53] {magoo} really.last 4 days just short spikes

[10:53] {magoo} this mkt is f'ed

[10:57] {Threei} White House Announces deal with Hospital groups

[10:57] {Threei} aims to save $155B in costs for healthcare over 10 year period

[10:57] {BillyD} in theory?

[10:59] {dino} upgrades=sells lately, see qcom, intc

[10:59] {magoo} jesus dino..everythings a sell last 4 days regardless

[11:00] {dino} hmmm, open gap fills

[11:13] {_kenyee} anything on the radar?

[11:13] {Threei} see me making any calls?

[11:14] {jfjf64} geez vad ya grumpy

[11:14] {jfjf64} lol

[11:14] {Threei} ain't I always?? :)

[11:14] {Threei} hesitated to call QID .30 long...

[11:15] {jfjf64} geez vad comon

[11:16] {jfjf64} that was a beauty

06[11:16] * Threei reaches for the button unholstering trout

[11:17] {dino} ice 116 to 88 in 4 days

[11:17] {nemo} .

06[11:17] * nemo pulls out the marlin case

06[11:17] * nemo shoulders the marlin

[11:17] {dino} shld 67-58 4 days

[11:18] {dino} pretty severe moves imo, lots of 7+ $ moves

[11:19] {nemo} -22 in RIMM -15 FCX 1 month

[11:20] {Threei} feels to me like bounce is in order

[11:20] {Threei} shorts become overconfident

[11:20] {dino} rtp -90 in month

[11:20] {nemo} market or your chin off the keyboard?

[11:21] {dino} too soon imo 3i.

[11:22] {nemo} SDS keeps pushing up

[11:22] {jfjf64} fdo wanted to play .42 dam

[11:25] {Threei} (RU) Russian President Medvedev Spokesperson: Medvedev told G8 that administrative regulation of oil prices would be unworkable (related USO RSX EUR/RUB )

[11:25] {Threei} really? wow...

[11:27] {_kenyee} what is your opinion on a capitulation bounce play on aks after .60 if holding .50 ?

[11:27] {Threei} it's a valid setup

[11:28] {Threei} if market helps any, should work

[11:28] {Threei} break of .50 for short is just as valid

[11:28] {_kenyee} ty

[11:29] {ese} just back.......i agree vad....theres something odd about this sell off...the news hasn't been that bad near as i can figure...

[11:29] {dino} ice wants 85 then bounce

[11:29] {Threei} oh, it's not news based at all

[11:29] {nemo} it's guidance

[11:29] {dino} rtp to 120ish, same idea

[11:29] {Threei} purely technical move

[11:29] {ese} course what do i know

[11:29] {BillyD} lol

[11:30] {dino} break of the 200 was bad es

[11:30] {Threei} I mean come on, with the move market made from March, it had to reverse at some point, right?

[11:30] {ese} yup

[11:30] {nemo} yeah, especially with fog going forward

[11:30] {Threei} bounce time, IMO

[11:32] {magoo} read AA vad?

[11:32] {ese} can't disagree with that dino but that smells like a bear trap to me........

[11:32] {Threei} .30 break, maybe... not really delighted

[11:33] {Threei} AA will be more active toward the close

[11:33] {jfjf64} agree ese

[11:33] {magoo} r or r day today vad..?

[11:33] {Threei} neither

[11:33] {Threei} bounce, then stall

[11:33] {dino} for most part, that 10 months week before exp. has been serious downside

[11:34] {dino} that=the

[11:34] {Threei} US Administration Official: Noone in administration speaking about a second stimulus plan

[11:35] {ese} only reason i say that dino is that ....that break didn't have the massive volume it should have had.......but? with the change in markets these days maybe it doesn't need it ....but i'm still thinking bear trap

[11:36] {Threei} something's off with me... RIMM .70 long, hesitated to call again... that's second one I see and refrain from calling

[11:37] {dino} same problem here 3i, as axe murderer says "untrusting"

[11:37] {BillyD} spooked???

[11:37] {BillyD} lol dino

[11:37] {dino} es, dk, timewill tell, gut says fill 4/28 gaps 8016,1361,855

[11:38] {dino} funny movie bd

[11:38] {ese} i'm spooked....but am still building a long position in intc for 19.00run

[11:39] {dino} just as crazy, i think esi does 98-100 for exp

[11:40] {jfjf64} c/h rimm ?

[11:40] {ese} thats a good bet////it's playing within a range

[11:41] {ese} esi that is

[11:41] {jfjf64} trigger.02

[11:42] {Threei} why not

[11:42] {jfjf64} half lot

[11:42] {Threei} use this pullback as inbdication of support for a stop placement

[11:44] {Threei} let it trade IMO

[11:44] {Threei} it has a good shot at 64.50

[11:45] {jfjf64} stop where

[11:45] {nemo} .80

[11:45] {Threei} I'd keep .85

[11:45] {nemo} whoa, stingier than me...that's a first

[11:45] {dino} kenyee aks l .60 stop .49

[11:45] {Threei} or .80

[11:45] {Threei} lol... sorry nemo

[11:45] {dino} lol

[11:46] {nemo} for what?

[11:46] {Threei} first for outstnigying you,

[11:46] {Threei} then for agreeing with your outstingued opinion

[11:46] {nemo} and an apology ahead of time for your typing

[11:47] {Threei} ummm

[11:47] {Threei} no, not really

[11:47] {nemo} yeah, you'd be apologizing ad infinitum for that

[11:47] {Threei} I am not making an apologies for my typing

[11:47] {nemo} take up all the internet bandwith

[11:47] {Threei} anyone intyerested in what I have to say has just make his peace with that

[11:48] {nemo} just for inconsequential conversation...RIMM's S2 on today's pivot point is right at 64.08

[11:49] {dino} ice missed me

[11:49] {Threei} what does it have to do with trading RIMM??

[11:49] {Threei} oh wait... it just might

[11:49] {magoo} itssimpler than that imo.,..if mkt rips up..it will follow

[11:50] {nemo} possible if what you're saying is all these moves are following technicals instead of...

[11:51] {Threei} btw, stop is for sure under .90 now

[11:52] {jfjf64} ty

[11:54] {Threei} G8 agreed that $70-80/bbl is a fair price for oil

[11:54] {dino} aks stopped

[11:54] {nemo} I'm going to swear

[11:54] {Threei} me too

[11:54] {Threei} tiresome

[11:54] {Threei} and G8 is a gathering of idiots

[11:54] {BillyD} yea

[11:55] {Threei} teir agreement means a lot of oil I am sure

[11:55] {nemo} It gives OPEC the greenlight to squeeze

[12:00] {nemo} volume is solid so far today

[12:01] {Threei} US Senate Majority Leader Reid (D): Suggesting a doubling of the Natural Gas tax credit for gas fueled vehicles (related UNG CLNE F F.IT GMGMQ FSYS )

[12:02] {dino} do it

[12:09] {Threei} patternless moves...

[12:15] {BillyD} sheesh, refrained form AIG short off 14

[12:16] {BillyD} 13

[12:16] {nemo} forgot about them from yesterday

[12:17] {nemo} They're down 40% from the split, tee hee

[12:17] {BillyD} yeah, only 60% left...hehe

[12:17] {magoo} going to single digits

[12:18] {dino} indeed

[12:19] {Threei} T Boone Pickens clarifies certain wind farm press reports

[12:20] {Threei} AIG may have to do a reverse split once more? {G}

[12:20] {BillyD} roflol

[12:22] {nemo} Rimm testing support

[12:23] {BillyD} AIG can't short

[12:23] {nemo} kinda' not surprised...I think a lot of stocks are being shorted...couldn't short cat this morning

[12:23] {BillyD} yeah, I need to check them all first

[12:24] {Threei} if that's what indded is happening, we may see very abrupt and very brutal short squeeze soon

[12:44] {ese} off to the parkeveryone....see you all tomorow

[12:45] {nemo} thanks for the warning

[12:45] {ese} hey no prob..........

[12:45] {jfjf64} say hello to goofy enjoy

[12:45] {ese} will do........met him the other day

[12:45] {nemo} ese, why was Mickey pissed off at Minnie?

[12:45] {fernp} bye ese

[12:45] {nemo} too late

[12:49] {nemo} frickin amazon

[12:55] {Threei} (US) Fed's Evans: US economy is closer to a turning point (related EUR/USD TLT SHY )

[12:55] {nemo} Yeah, it's turning on an impaling spike

[12:56] {nemo} Reminds me of that scene in "300" when the emissary came to speak with the leader of the Spartans

[12:56] {nemo} amzn top?

[12:59] {nemo} Dino...on the sidelines today?

[13:01] {Threei} US) Fed's Evans: Fed is in "wait and see" mode on non-traditional measures; US economy is closer to a turning point than it was a few months ago; expects recovery in the second half of 2009

[13:01] {Threei} - TALF program is working as intended, helping to jumpstart ABS markets.

[13:01] {Threei} TREASURY'S $19B 10-YEAR NOTE REOPENING BID-TO-COVER RATIO: 3.28 V 2.62 PRIOR AND 2.41 OVER THE LAST 5 REOPENINGS

[13:02] {nemo} mmhhhh...that might jump things, if it doesn't nevermind it did

[13:02] {dino} rtp hit 120 and bounces

[13:02] {dino} nemo, just waiting for a setup

[13:03] {johnnyj} news

[13:03] {dino} wynn sm l .25

[13:03] {nemo} nice catch dino

[13:04] {dino} chickened out on rtp

[13:05] {Alw} AA c/h?

[13:06] {dino} hgrd spike

[13:07] {BillyD} took it off screen earlier due to low vol...

[13:08] {dino} penn holds well

[13:10] {magoo} we in anything vad? was elsewhere

[13:11] {Threei} no

[13:11] {Threei} aside of coma

[13:16] {Threei} great... here comes my 64.50 on RIMM, lol

[13:16] {Threei} US Rep Frank: To introduce legislation today regarding a consumer protection agency

[13:17] {Threei} EU's Barroso: USD will continue to be an important currency; needs to be a stable relationship between currencies

[13:17] {Threei} - Sees a discussion on currencies from G8 with the G5(France, Germany, UK, Japan, and US) at a meeting tommorow

[13:17] {Threei} White House Press Sec; G8 made significant steps on climate change

[13:17] {Threei} as in?

[13:18] {BillyD} now asthe mkt drudges up these stocks seem to have these little resistance areas that want to keep you from going long

[13:19] {Threei} bounce held back just enough to discourage me from trying it

[13:19] {Threei} shrug

[13:20] {BillyD} one of those capital preservation days

[13:20] {johnnyj} what's it like to be an ivestor, I wonder

[13:21] {BillyD} It's like putting your head in the sand

[13:21] {BillyD} I have a trading tfriend that does that

[13:21] {Threei} must be brutal

[13:21] {Threei} I have a better analogy Billy

[13:22] {Threei} it's like being an ostrich on a premises with conrete floor

[13:22] {Threei} concrete

[13:22] {BillyD} lol

[13:31] {dino} lol

[13:32] {magoo} no laughing..cant focus

[13:32] {magoo} u wanna laugh..dcc

[13:32] {Threei} sorry sir

[13:32] {Threei} we will behave sir

[13:33] {Threei} hmm... idea of us behaving makes me want to laugh

[13:33] {magoo} :)

[13:33] {Threei} and magoo won't allow

[13:34] {nemo} oh yeah, blame it on the blind cartoon character

[13:35] {magoo} ty cap'n nemo

[13:35] {nemo} np

[13:38] {_kenyee} Any room veteran willing to chat via PM (want to get perspective on your experiences)?

06[13:40] * Threei shyly raises his hand

[13:40] {BillyD} lol

[13:40] {BillyD} why not, u have most seniority

[13:41] {nemo} Yeah, and it's not like you might have some slanted perspective

[13:41] {Threei} I have another problem though

[13:41] {Threei} memory span of a moth...

[13:41] {nemo} O.K....what's your wife's name?

[13:41] {Threei} may render my memories from 2001 kind of vague

[13:42] {nemo} That's why you have the daily log

[13:42] {Threei} I am married??

[13:42] {nemo} Well, she is obviously

[13:43] {dptl} oh boy...you guys...i spilled my drink....

[13:43] {nemo} Have a drinking problem DP?

[13:43] {Threei} only when he has no drink handy

[13:44] {dptl} exzactly

[13:44] {Threei} spelling problem too

[13:44] {dptl} or eqzaktly

[13:44] {Threei} that woerd is spelled as EQZAKTLY

[13:45] {dptl} no....eeckzaktly

[13:45] {Threei} yeah, valid variation

[13:45] {dptl} :)

[13:45] {nemo} we spel fawnetikaly

[13:46] {Raven} sigh

[13:46] {nemo} oh damn...adult supervision again

[13:47] {Raven} bout damn time

[13:47] {nemo} hell, I've gone without it for almost 50 years, why start now

[13:48] {Raven} time for some dicipline then

[13:48] {Raven} damn kids

06[13:49] * nemo unhosters trout

06[13:50] * nemo unholsters

[13:50] {nemo} rats...birds eat fish

[13:50] {nemo} FCX flirting with dropping through support and S1 pivot

[13:51] {nemo} amzn looking a bit week

[13:51] {nemo} weak

[13:51] {Raven} sushi ... YESSSS

[13:53] {nemo} .

06[13:53] * nemo dumps mercury down trout's throat

[13:54] {Raven} {----- gets his magnet

[13:54] {nemo} magnets work on mercury?

[13:54] {Raven} used to as I recall

[13:55] {Raven} your assignment is to verify that

[13:55] {nemo} haven't played with liquid mercury since Jr. High....wait...ohhhhhhh...that explains alot

[13:55] {Raven} and hurry up

[13:56] {Raven} I have a bottle of Hg in the next room

[13:57] {nemo} well you test it then

[13:57] {Raven} I am beyond that

06[13:58] * nemo gets 12 gauge

[13:58] {johnnyj} CNBC my source for critical mkt info

06[13:58] * nemo slaps johnnyj around a bit with a large television

[13:59] {magoo} showing somne good leg right now..volume ogff

[13:59] {johnnyj} looks like a short

[13:59] {nemo} who you showing your leg too?

[14:00] {johnnyj} experience trader like magoo hits the mute

[14:01] {nemo} he might be websurfing (wink wink)

[14:21] {Raven} {}

[14:23] {johnnyj} raise you {} {}

[14:24] {Raven} glad to see somebody is alive

[14:24] {magoo} R

[14:24] {magoo} A

[14:24] {magoo} V

[14:24] {magoo} E

[14:24] {magoo} N

[14:24] {Raven} sigh

[14:26] {dino} ice at 85s

[14:26] {dino} whoosh down coming imo

[14:27] {dino} out wynn .45, +.20

[14:27] {johnnyj} did you get paid in casino chips?

[14:28] {Threei} RU) Russian Official: An 80% cut in emissions by 2050 is 'unachievable'; Russia will not sacrifice growth

[14:28] {Threei} EQIX Comments on prior market rumors; notes is unaware of any accounting issues - filing

[14:28] {Threei} - On July 8, 2009, several investors contacted the Company to inquire about a rumor in the market re... (65.89, -2.76, -4.02%) more...

[14:28] {nemo} neither will china

[14:30] {Threei} we will commit economic suiciade for political correctness sake

[14:30] {Threei} nice EQIX

[14:30] {nemo} yeah...it's called leadership

[14:31] {Threei} most harmful things are being done under the banner "let's do the right thing"

[14:31] {nemo} whoa rimm taking off

[14:31] {nemo} what the

[14:31] {Threei} lol

[14:31] {Threei} RIMM Hearing upgraded at Canaccord Adams (timing uncertain) (65.20, -1.16, -1.75%)

[14:31] {Threei} shrt the hell out of it if this is the reason

[14:32] {dino} political correctness is ruining usa, plus what's correct about it, simply one party's feel good thoughts

[14:33] {nemo} I almost hope for anarchy

[14:33] {johnnyj} spike rimm

[14:33] {dino} it's starting around the world

06[14:33] * nemo slaps johnnyj around a bit with a large PAY ATTENTION!!

06[14:33] * magoo slaps johnnyj around a bit with a large trout

[14:34] {johnnyj} sry

[14:34] {Threei} [14:31] {Threei} short the hell out of it if this is the reason

[14:34] {Threei} how about that?

[14:34] {nemo} you short it Vad

[14:34] {BillyD} I did but too soon and got stopped

[14:34] {Threei} yes... covered too soon though

[14:34] {dino} only 72 pts on dji to go

[14:34] {Threei} .22 short, .96 cover

[14:35] {Threei} awww

[14:35] {Threei} now I am crying

[14:35] {BillyD} vad, did you short after it broke out to hit .34

[14:35] {nemo} well, not be logical or anything, but if it bounced from 64.40 on that one would say gravity had a way to go

[14:35] {_kenyee} faz near its high

[14:35] {Threei} no, on the way up

[14:35] {Threei} had .40 stop

[14:36] {nemo} wow...got .22

[14:36] {BillyD} ok, my stop to tight on hod

[14:36] {nemo} hod was 66.70

[14:37] {Threei} watch for short again

[14:37] {Threei} 65 loss

[14:37] {Threei} with stop above the high of this move

[14:37] {Threei} no... too far from there

[14:38] {magoo} lonf jpm .25

[14:39] {magoo} duh./15

[14:39] {magoo} amzn read vad?

[14:40] {Threei} long on pullback, most likely something like 76.90

[14:41] {magoo} woh tuoba AA

[14:41] {Threei} {AA} who are calling woh tuoba??

[14:41] {dptl} good evening all :)

[14:42] {Threei} take care dp

[14:42] {magoo} dimer jpm

[14:43] {dino} cya dp

[14:43] {magoo} .15

[14:43] {Threei} Preview: May Consumer Credit due out at 3pmET

[14:43] {Threei} ** consensus expectation: $10.9Be v -$15.7B prior

[14:43] {magoo} great

[14:43] {nemo} bounce in amzn coincided with rimm

[14:50] {johnnyj} that was a nice RIMM read... lesson is filed away

[14:53] {dino} ice v sm l .75

[14:53] {magoo} monster futes move..THE SQUEEZE

[14:54] {Threei} got AMAN on pullback mags?

[14:54] {Threei} AMZN

[14:54] {magoo} no..

[14:54] {magoo} took jpm.10 cut .37 TY

[14:55] {magoo} how about now}?

[14:55] {dino} these market spikes don't last long, just head fakes so far

[14:56] {Threei} watch NQ

[14:56] {Threei} can't tell in advance, it's not a tecxhnical move on its own merit

[14:56] {Threei} just market following

[14:58] {magoo} which?

[15:00] {Threei} MAY CONSUMER CREDIT: -$3.2B V -$8.5BE

[15:00] {Threei} - prior revised from -$15.7B to -$16.5B

[15:01] {dino} ice stopped -.40

[15:22] {Threei} AA is getting frisky...

[15:26] {BillyD} they have all been flirtatcious

[15:31] {BillyD} AA has EPS at close right?

[15:31] {johnnyj} die RIMM... shouts the stubborn trader

[15:32] {Threei} earnngs Billy

[15:33] {Threei} and guidance

[15:33] {Threei} btw, don't get spooked when you see FAS and FAZ tomorrow morning

[15:34] {BillyD} why

[15:34] {_kenyee} 10-1 reverse split

[15:36] {Threei} I would imagine someone seeing FAZ first thing in the morning and thinking financial sector has collapsed overnight

[15:37] {Threei} squeeze

[15:37] {magoo} out .27 AMZN

[15:37] {magoo} ty vad

06[15:37] * Threei slaps magoo around a bit with a large roll of cash

[15:37] {Threei} you are welcome

[15:38] {magoo} i am??

[15:38] {Threei} well... I feel guilty about wasting most of today

[15:38] {Threei} so I compensate it by abnormal politness

[15:38] {Threei} enjoy while it lasts because it won't

[15:39] {Threei} somehow couldn't get in market rythm today

[15:39] {Threei} and there was what to play

[15:43] {fernp} good evening everybody. see u tomorrow

[15:44] {Threei} take care fern

[15:44] {BillyD} bye fern

[15:44] {_kenyee} do you have a preference for ranging or trending market?

[15:44] {dino} i was off today too 3i

[15:44] {Threei} trending

[15:45] {Threei} that's odd dino

[15:45] {Threei} usually we balance each other out

[15:45] {dino} i know, troubles me

[15:45] {dino} got rinsed a few

[15:46] {dino} troubles me because these are my types of markets, and i have been underperforming last few days

[15:46] {dino} ppt action

[15:46] {Threei} good for them

[15:47] {dino} bizarro world

[15:47] {Threei} CME CEO: Oil prices are being affected by fundamentals - CNBC (265.46, -16.60, -5.89%) (related USO UNG )

[15:47] {Threei} say what?

[15:48] {Threei} lol

[15:49] {dino} nobody complains when oil is crashing

[15:49] {dino} but if it goes up manipulation

[15:49] {Threei} well, used to be opposite

[15:49] {Threei} up - sure, oil peaks, everyone knows that

[15:50] {Threei} down - ahh, "they" are trying to supress it

[15:51] {BillyD} Have a good one, cya tomorrow

[15:52] {Threei} not waiting to see AA Billy?

[15:52] {BillyD} u gonna play it maybe?

[15:52] {nemo} ppt can't let s&P close uner 880

[15:52] {Threei} well... if something clear appears

[15:53] {dino} 7 minutes nemo, lot can happen

[15:53] {BillyD} I'll stick around then

[15:53] {Threei} {PPT} you got it wrong captain... it's 666 we care about

[15:54] {dino} obama yelling, "scottie i need more power (money) or your fired"

[15:55] {Threei} and to a guy who operates the lighting: beam me up!

[15:58] {Threei} GMGMQ US bankruptcy judge states GM will exit bankruptcy with $48B in debt

[15:58] {Threei} hmmm

[15:59] {BillyD} economic ripple effect

[15:59] {Threei} checked just in case... AA is shortable

[16:00] {BillyD} good idea

[16:00] {dino} wow nemo, 880.22

[16:00] {dino} opps 879

[16:00] {nemo} not as dumb as I look

[16:00] {nemo} wow...vad is slow today

[16:01] {Threei} WPI Receives FDA Approval for Fruit and Cinnamon Flavored Coated Nicotine Gums

[16:01] {Threei} finally

[16:01] {BillyD} QQQQ ends at old resistance area

[16:01] {nemo} Worcester Polytechnic Institute?

[16:01] {Threei} woe

[16:01] {Threei} they hatlted AA

[16:01] {dino} a bang out of your bite

[16:02] {nemo} chinese bought them

[16:02] {BillyD} AA has 5PM EST CCall

[16:03] {Threei} AA Halted ahead of Q2 earnings release; reportedly 2010 capital plan reduces capex to $850M - headline only (9.46, 0.05, 0.53%)

[16:07] {Threei} DDUP

[16:07] {Threei} merger terminated

[16:08] {dino} gotta hop, tee time in 20

[16:08] {Threei} take care dino

[16:08] {dino} u2

[16:09] {BillyD} hmmmm...no idea of AA opening then

[16:11] {Threei} yeah... let's drop the idea I guess

[16:11] {Threei} ewho knows how long they intend to hold it

[16:12] {BillyD} true...cya tomorrow

[16:15] {nemo} fcx moving up

[16:16] {nemo} crissakes up 1.50, then down 3, and back up 2...

[16:16] {nemo} look at the 5 minute chart

[16:17] {Threei} AA Reports Q2 -$0.26 v -$0.38e, R$4.2B v $3.93Be

[16:17] {Threei} - Q2 alumina after tax operating income -$7M v $35M q/q (-120% q/q)