Aug 05 2009

Nice and steady day, with profitable trades on BAC, LLTC, RIMM, AIG and stops on NVAX and HEV. Some nice momentum plays occur in financials.

Session Time: Wed Aug 05 00:00:01 2009

[08:26] {dptl} good morning all

[08:38] {Threei} Good morning

[08:39] {dptl} :)

[08:40] {dptl} dptl -} sleepless in vancouver

[08:41] {Threei} lol

[08:41] {dptl} :)

[08:43] {magoo} morn

[08:43] {Threei} magoo :)

[08:45] {magoo} whatcha lookin at?

[08:45] {Threei} finnies are green

[08:45] {Threei} BAC... WFC...

[08:46] {magoo} yea..they closed strong

[08:46] {magoo} hows monestasry :)?

[08:47] {Threei} won't tell... you'll all follow me and crowd the premises

[08:47] {Threei} anyone tried GETCO route?

[08:47] {magoo} no..is it supposed to be better?

[08:49] {Threei} it's free

[08:49] {Threei} no ECN fee

[08:50] {dptl} does it hit everything?

[08:50] {Threei} I don't know

[08:50] {Threei} did you see a n opening inforblurb?

[08:51] {Threei} they cite fill rate

[08:51] {dptl} yes

[08:51] {magoo} did GGC report this morn? can u check?

[08:51] {Threei} Yesterday 18:31 GGC Reports Q2 -$2.13 v -$11.25e, R$524M v $550Me

[08:51] {Threei}

[08:53] {JohnK} gm folks

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

[08:56] {dptl}

[08:56] {Threei} john, larisa :)

[08:58] {larisa} vad, dp :)

[08:59] {dptl} lots of talks about flash trading this morning on the news

[09:00] {Threei} someone does great job throwing distractions in

[09:02] {fernp} good morning everybody

[09:02] {Threei} fern :)

[09:04] {ese} gooooooooooood morning!

[09:04] {Threei} ese :)

[09:05] {ese} anything new and exciting......ladies and germs

[09:06] {Threei} new day

[09:07] {ese} thas exciting for sure

[09:07] {Threei} FITB tries to trade over yeasterday's high

[09:07] {ese} suppose to get some rain today here on the island

[09:08] {JohnK} where are you ese?

[09:09] {ese} victoria , British Columbia Canada

[09:09] {ese} et vous?

[09:10] {JohnK} je suis at New Jersey, USA :-)

[09:12] {ese} ahhhhh.....Lou Solof.....the trumpet player from the Blood Sweat and Tears band lives there.......he's a very close friend of my university professor mentor

[09:12] {nemo} What gooees up....

[09:13] {ese} must come down.....spinin wheel gotta ta go round.....what a great tune

[09:19] {ese} grmn....+5.73.......hmmmmmm....lots of people lost i quess

[09:19] {jfjf64} mornin all

[09:19] {Threei} jf :)

[09:20] {jfjf64} lets go 3-0 out of box

[09:20] {Threei} Garmin Ltd Reports Q2 $0.83 v $0.51e, R $669M v $657.1Me

[09:20] {Threei} - Q2 gross margin 52.6% v 44.9% q/q

[09:20] {Threei} - Q2 North America revenue $436M v $265M q/q

[09:20] {Threei} - Q2 Europe revenue $198M v $144M q/q

[09:20] {Threei} - Q2 Asia revenue $35M v $28M q/q

[09:28] {nemo} ese...saw BST in a little club in Bavaria in 1984

[09:28] {nemo} or was it David Clayton Thomas...oops...too many beers

[09:28] {Threei} BAC looks to be a candidate for the first play

[09:29] {magoo} watch wfc too

[09:31] {cosmo} ACAS

[09:31] {cosmo} gonna test

[09:31] {cosmo} wants 3

[09:32] {Threei} Long Setup: BAC 16 break if holding 15.90

[09:32] {Threei} (US) Treasury's Barr: Sense of free fall in economic indicators has ended

[09:32] {Threei} - Should not provide a gov approved model for rating agencys

[09:32] {Threei} - Oversight of credit ratings agencies need to be done on evolving basis

[09:33] {Threei} SOLR Hearing upgraded to Hold from Reduce rating at Boutique firm

[09:34] {Threei} Long Setup: BAC 15.90 break if holding 15.85

[09:34] {ese} bstop yhoo .78

[09:35] {ese} in

[09:35] {nemo} in

[09:35] {patel} in

[09:35] {jfjf64} in

[09:36] {Threei} over 1:1 for scalpers

[09:36] {fernp} ty vad

[09:36] {Threei} :)

[09:36] {nemo} out ty

[09:36] {JohnK} good trade BAC thx T

[09:37] {BillyD} ty Vad

[09:37] {Threei} welcome guys

[09:37] {Threei} guess who is on TV

[09:37] {magoo} look whos on tv

[09:37] {nemo} clinton

[09:37] {Threei} you wish

[09:37] {nemo} he just got bak from PRNK

[09:37] {Threei} BAC 1: my math abilities are not enough

[09:38] {jfjf64} tty

[09:38] {wulff} +.30

[09:38] {nemo} 1:5

[09:38] {jfjf64} x l .20

[09:38] {magoo} i missed it too..computer froze

[09:38] {patel} n ice call on BAC

[09:38] {patel} still holding on to 100 shares

[09:38] {nemo} you could miss the week after yesterday mags

[09:39] {nemo} you get the duct tape for Dino's system?

[09:39] {jfjf64} all out x

[09:39] {jfjf64} +8 cents

[09:39] {ese} out yhoo .84 +.06

[09:40] {Threei} watching WFC for pullback entry

[09:40] {Threei} just under 27 would be nice

[09:41] {cosmo} FWLT hod = 27 ....so far

[09:42] {Threei} Long Setup: LLTC .50 break if stays above .40

[09:43] {ese} L HBAN .62

[09:43] {fernp} in

[09:44] {patel} in

[09:44] {nemo} missed

[09:44] {Threei} VNDA??

[09:44] {jfjf64} .65 break break ese im takin ese

[09:44] {Threei} 1:1 LLTC

[09:45] {fernp} ty vad

[09:45] {Threei} welcome

[09:46] {JohnK} LLTC :) too thx again T

[09:47] {patel} 2 for 2 baby

[09:47] {patel} thats what i'm talking about

[09:47] {patel} great calls this morning

[09:47] {jfjf64} nice one more vad

[09:48] {nemo} one?

[09:48] {Threei} [09:20] {jfjf64} lets go 3-0 out of box

[09:48] {BillyD} mkt sell off

[09:48] {jfjf64} ty vad

[09:48] {jfjf64} nemo sleepin

[09:48] {ese} out HBAN .67 +.05

[09:49] {wulff} WFC pullback

[09:49] {nemo} sorry, up all night

[09:50] {Threei} Long Setup: NVAX 5.40 if holding above .30

[09:50] {wulff} so much for lltc

[09:51] {nemo} in

[09:51] {cosmo} FWLT hod = 27.55 ....so far

[09:52] {ese} I want HBAN again ....just am deciding where

[09:52] {jfjf64} ese

[09:52] {Threei} FITB back into yesterday's high

[09:53] {jfjf64} in .68

[09:53] {jfjf64} need push

[09:53] {ese} would prefer a deeper pullback but if not will take .65 break this time

[09:54] {ese} hmmmmmmm might rethink this....financial index now down

[09:56] {ese} anybody in NVAX.....thats on my radar

[09:57] {nemo} yes

[09:57] {Threei} stopped

[09:57] {nemo} just got stopped

[09:57] {Threei} sorry jf... 2 out of 3

[09:57] {wulff} had high hopes for NVAX

[09:57] {BillyD} NVAX true to form

[09:57] {Threei} market dropped pulled it

[09:58] {jfjf64} wfmi .56 break

[09:58] {BillyD} good risk reward

[09:58] {jfjf64} in

[09:59] {jfjf64} 1/1

[09:59] {jfjf64} half out

[10:00] {Threei} JULY ISM NON-MANUFACTURING COMPOSITE: 46.4 V 48.

[10:00] {Threei} JUNE FACTORY ORDERS: 0.4% V -0.8%E

[10:00] {ese} l mee .48

[10:01] {jfjf64} out

[10:02] {ese} out mee .20 grrrrrrrrrr=.28

[10:02] {ese} -.28

[10:02] {jfjf64} stoped hban

[10:03] {nemo} nice drop amzn

[10:03] {jfjf64} rdn .40 breal

[10:03] {BillyD} RDN is starting a CC right now JF ...fyi

[10:04] {nemo} a cc?

[10:04] {BillyD} conference call

[10:04] {nemo} oh

[10:04] {BillyD} after eps

[10:04] {jfjf64} in .43

[10:06] {jfjf64} out 3 cents no lk cc

[10:13] {Threei} Long Setup: RIMM .60 if stays above .45

[10:14] {jfjf64} in .65

[10:14] {magoo} in .58

[10:14] {jfjf64} slippy

[10:14] {JohnK} too fast for me

[10:15] {Threei} 1:1

[10:15] {jfjf64} go go go go

[10:17] {jfjf64} great vol

[10:18] {jfjf64} all out

[10:18] {jfjf64} ty vad

[10:19] {tomg} ty vad

[10:19] {Threei} welcome guys

[10:24] {ese} L hban.50

[10:26] {magoo} u reading GRMN boss?

[10:26] {Threei} 33 break is obvious setup

[10:26] {Threei} volatile...

[10:26] {jfjf64} wfmi break of 30.00

[10:26] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:26] {Threei} **consensus expectations:

[10:26] {Threei} Crude: +800Ke

[10:26] {Threei} Gasoline: -1Me

[10:26] {Threei} Distillate: +1.2Me

[10:27] {jfjf64} in .03

[10:28] {jfjf64} gets passed .13 gettin paid

[10:28] {magoo} AXL moves

[10:29] {Threei} AXL CFO: Lowering break even levels to 6K axles per day; on track to accomplish goal by end of 2009 - conf call

[10:29] {Threei} - believe 1H 2009 will be the low point in production volumes.

[10:29] {nemo} looks like oil numbers might be bullish

[10:29] {Threei} 8 ball?

[10:30] {nemo} nevermind erx dropped must be bearish

[10:30] {jfjf64} vad

[10:30] {Threei} DOE CRUDE: +1.67M V +800KE

[10:30] {nemo} really dropped

[10:30] {jfjf64} 8 ball

[10:30] {Threei} GASOLINE: -220K V -1ME; DISTILLATE: +1.1M V +1.2ME; CAPACITY UTILIZATION: 84.5% V 84.4%E.

[10:31] {nemo} aig in a good mood today

[10:32] {Threei} yeah

[10:32] {Threei} 14 break in retrospect was no brainer

[10:32] {Threei} didn't watch it at the time

[10:33] {nemo} only got 3i's

[10:33] {jfjf64} need 4i

[10:34] {Threei} AXL some enthusiasm...

[10:36] {jfjf64} this wfmi drivin me crazy hv stop at .85

[10:37] {jfjf64} showin strong

[10:39] {Threei} a lot of talk about 2B investment in car batteries development

[10:40] {Threei} I have ABAT on top of my memory

[10:40] {Threei} anything else?

[10:40] {BillyD} can't remeber

[10:41] {BillyD} can't spell either

[10:41] {Threei} welkome to ze klub

[10:42] {jfjf64} jpm vad ya lk 41 break or traap

[10:42] {Threei} with stop under .90, it's a valid try

[10:43] {jfjf64} too fast pass

[10:44] {Threei} 1:1

[10:44] {Threei} the way to enter this kind, when it's a bit too fast on a break, you don't want to chase and don't want to get filled on the way back when it's exhausted

[10:44] {jfjf64} reads there fingers too slow

[10:44] {Threei} enter limit at the price you are willing to chase to,

[10:45] {Threei} let's say 41.03

[10:45] {ese} are you in jpm jf?

[10:45] {jfjf64} nope

[10:45] {Threei} if it gets you in, fine, play it from normal risk reward ratio point of view,

[10:45] {Threei} if miss, keep an order in for a fill on pause BUT

[10:45] {ese} that was a good call

[10:45] {Threei} cancel it if a stock reaches 1:1

[10:46] {jfjf64} makes sence even with 2500 to 3000 shares

[10:46] {jfjf64} ??

[10:46] {Threei} you may still want it if it pauses and pulls back slightly from let's say 41.05 - 06

[10:46] {Threei} but if it reaches 1:1 and drops all the way back into trigger, it's a different ballgame,

[10:47] {Threei} you now need to re-evaluate whether a play still valid as conservative entry

[10:47] {Threei} or it was just a scalp and it's ovewr

[10:47] {Threei} as a first idea what to look for:

[10:47] {ese} yes

[10:47] {Threei} if it drops back into 41, stalls,

[10:47] {ese} quick in and out

[10:48] {Threei} makes little move up and down between 41 and 41.05

[10:48] {Threei} you may want a new entry on .05 break,

[10:48] {Threei} but the huge difference with original idea will be:

[10:48] {Threei} your stop now is under 41, not under 40.90 as it would be with original entry

[10:48] {Threei} see what I mean by saying it's a new game?

[10:49] {jfjf64} thanks i follow

[10:50] {patel} Threei, thoughts on T

[10:50] {Threei} I'll try hood, fake mostauge and dark sunglasses tomorrow... will see how successful you are then

[10:50] {jfjf64} lol

[10:51] {Threei} T... I don't see anything but short at .70

[10:51] {Threei} if stays under .80

[10:51] {patel} yes i like it short below 70

[10:51] {patel} 10 cents risk

[10:51] {patel} are you seeing that

[10:51] {jfjf64} double bottom lower vad or bounce market

[10:51] {Threei} that's what I said patel :)

[10:51] {Threei} rather breakdown and further down jf...

[10:52] {patel} lol

[10:52] {Threei} ahha

[10:52] {Threei} newswire heard me and answered:

[10:52] {Threei} (US) US Administration: To give out approx $2.4B to US automakers to develop advanced auto/vehicle batteries (related ABAT JCI ALTI HEV F GM F.IT F )

[10:53] {jfjf64} aig

[10:53] {BillyD} ALTI was the one I couldn't remember

[10:53] {Threei} yeah but looks like total POS

[10:53] {jfjf64} pos

[10:53] {BillyD} I remembered that part from past

[10:53] {Threei} US) Treasury Dept: Need to act in a way that clearly shows the market that Govt is set on serious financial reforms

[10:54] {Threei} this statement is wrong in so many ways, I don't even know where to begin

[10:54] {Threei} need to act in a way to show something?

[10:54] {Threei} if you ARE serious about it, why not just proceed and do it?

[10:54] {Threei} or,

[10:54] {jfjf64} looks breakout comin

[10:55] {Threei} you guys see yourself as entity that must teach market about something?

[10:55] {Threei} or resist it?

[10:55] {Threei} or fight it?

[10:56] {Threei} this is so indicative of their very way of thinking... "we need to show the market that we are serious about controlling it"...

[10:56] {Threei} {--- back to monastery

[10:56] {jfjf64} show me da money cd give 2 s t

[10:57] {jfjf64} fas c/h .10 break

[10:58] {ese} L jpm .06

[10:59] {patel} Threei, BK break of 29 with a 10 cents risk???

[10:59] {jfjf64} in .13 on pbk vad

[10:59] {patel} or would it be chasing it here

[10:59] {jfjf64} 1/1 fas

[10:59] {Threei} hard to tell BK

[10:59] {Threei} it's kind of 50/50 but risk is small

[11:00] {jfjf64} out

[11:01] {jfjf64} later guys gotta run

[11:01] {magoo} grtmn dump

[11:01] {Threei} take care jf

[11:02] {jfjf64} to da bank boys lol

[11:02] {Threei} CNP Applies for $200M Federal Stimulus Grant to Accelerate Current Smart Meter Project and Begin Building Self-Healing Grid

[11:02] {Threei} - If granted, CenterPoint Energy Houston Electric will use $150M of the requested $200M grant to accelerate its current smart meter and associated equipment installation that make up its Advanced Metering System (AMS).

[11:02] {Threei} - The $50M balance will be used to accelerate the installation of the first phase of CenterPoint Energy Houston Electric''s Intelligent Grid (IG) that utilizes the AMS and other technologies to build a self-healing grid, and improve operational efficiency and reliability.

[11:03] {Threei} NY Fed: Purchased $7.25B in $300B outright coupons purchase; Dealers submitted $17.91B for consideration (bid to cover 2.47)

[11:03] {Threei} - Heaviest purchase was $4.1B in the 05/31/14 maturity

[11:09] {magoo} AIG

[11:10] {tomg} CAT

[11:10] {ese} out pjm .23 +.17

[11:10] {ese} takes a bit of a dent out of that mee trade

[11:11] {Threei} AIG is serious

[11:11] {ese} i know he's gone but thanks jf

[11:12] {ese} wow is it ever

[11:12] {nemo} volumes are all around 1.5X average on indexes

[11:15] {BillyD} Vad, WFC got any life over 27?

[11:15] {Threei} most likewly yes

[11:15] {BillyD} is it worth it to you

[11:15] {nemo} R1 @ 27.30

[11:17] {magoo} anyone cattch AIG?

[11:17] {Threei} Goldman Sachs note today states Goldman on Friday raised its US GDP forecast

[11:17] {magoo} so fast, i alerted but had to focus'

[11:18] {Threei} I think so Billy

[11:18] {Threei} want to see market help of course

[11:19] {BillyD} can you believe it...step away for water and miss it lol

[11:19] {Threei} lol

[11:19] {Threei} water... humanity's eternal enemy

[11:20] {Threei} wait... that was beer

[11:20] {Threei} or vodka

[11:20] {BillyD} it breaks w/out mkt help

[11:20] {BillyD} oh well

[11:21] {magoo} jpm working nicely

[11:40] {Threei} watching CNP, trying to get a feel whether it's preparing for a run

[11:41] {magoo} BAC highs

[11:41] {magoo} neatr

[11:41] {magoo} near

[11:51] {magoo} vad u read AIG?

[11:54] {Threei} there is no technicals to it

[11:54] {Threei} momo runner

[11:54] {Threei} either you get a feel for momop continuation or not,

[11:54] {ese} mags are you long jpm?

[11:54] {Threei} and risk is well beyond average tolerance

[11:56] {Threei} guess who is on TV

[11:57] {BillyD} T may be resets for short

[12:01] {magoo} i was off vads call @ .10, out now jpm

[12:01] {magoo} id cut it

[12:01] {magoo} will pullbk

[12:05] {ese} nice one mags where did you get out?

[12:07] {Threei} HEV big pullback

[12:12] {BillyD} AXL

[12:12] {BillyD} what ya think Vad on .50

[12:12] {Threei} AIG... feels like going to 18

[12:12] {ese} L drys .66

[12:14] {Threei} 18 on the nose

[12:14] {magoo} stealking my thunder

[12:15] {Threei} I am good at stealking

[12:15] {nemo} up 33% on no news

[12:15] {Threei} no idea Billy... 3 was more or less legit

[12:15] {BillyD} ty

[12:15] {Threei} 3.50 is way too high for my yaste

[12:15] {Threei} taste

[12:17] {nemo} 20 for aig?

[12:18] {magoo} i hit it 18 to 19.02 AIG

[12:18] {magoo} 2k

[12:19] {magoo} A

[12:19] {magoo} I

[12:19] {magoo} G

[12:20] {ese} nice mags.......trader after my own heart

[12:22] {magoo} i been crushing them lastt 2 days..just feelin the ,momo

[12:22] {magoo} i alert or ask vad, but no way to call it

[12:22] {Threei} yup

[12:22] {Threei} great job nonetheless

[12:22] {magoo} i could kill someone if they dontknow how to "feel" it

[12:22] {BillyD} lol

[12:23] {magoo} im a momo trader

[12:23] {magoo} and ill take sizer

[12:23] {magoo} size

[12:23] {ese} no i like "sizer"

[12:23] {ese} thats lingo man lingo

[12:24] {magoo} what i need to take is typiong lessons

[12:24] {Threei} u may vant to asq me abut me typein teechear

[12:24] {ese} and you have been killin it these last couple of days....good on ya

[12:25] {magoo} i hit thatt GGC for like 8 points yestrday

[12:25] {magoo} short of coutrse

[12:25] {ese} i know....that was amazing

[12:25] {ese} even more amazing........

[12:26] {magoo} but see..i could have went against me 20 points so npo way i could call it for room

[12:26] {magoo} its a widow maker

[12:26] {ese} like russian submarines

[12:26] {ese} they used to call them widow makers

[12:28] {magoo} but..if IF i ask vad or put up a symbol..it means i am looking at it..and usually going

[12:29] {Threei} and if I say "risky as hell", magoo doubles his share size

[12:29] {magoo} vad, nice call WFC off 27

[12:29] {magoo} just cut it .48

[12:29] {Threei} :)

[12:29] {magoo} well..risk IS our businezz correct

[12:30] {larisa} no:)

[12:30] {ese} i'm still long hban at .50 by the way

[12:30] {larisa} maintaining it is :)

[12:30] {magoo} more risk ..more reward

[12:30] {magoo} with a dash of setup..a smidge of control..and a whole lotta luck

[12:31] {Threei} and prayer

[12:31] {Threei} and chicken entrails

[12:31] {Threei} and the bone from bat's ear

[12:31] {magoo} thats why agree with ese yesterday..i am stressed all time :)

[12:32] {magoo} i functioned in a constant streess environmt

[12:32] {nemo} aig setting up short?

[12:32] {magoo} not avail laser

[12:32] {ese} odd......i'm not feeling stressed as much today as yesterday and i'm down about $800

[12:32] {magoo} u taking vads advice and drinking?

[12:33] {larisa} AIG earnings on Friday, intersting how high it can go

[12:33] {ese} heavily

[12:33] {dptl} yep vodka might help magoo

[12:33] {ese} and dp's advice as well.....smoothe vodka

[12:33] {dptl} he he :)

[12:34] {ese} vads advice was vodka...dp's...make it smooth vodka

[12:34] {Threei} 71% Say Obamas Policies Have Driven Up Deficit

[12:34] {Threei} 54% Favor Middle Class Tax Cuts Over New Health Care Spending

[12:35] {Threei} those are damning numbers

[12:36] {JohnK} look right to me :)

[12:38] {ese} ya and it just damned my profit in habqan

[12:38] {ese} hban

[12:39] {ese} sheesh

[12:41] {ese} how bout uaua

[12:50] {Threei} HEV Hearing Kaufman Bros. making positive comments; Maintains Buy rating, price target $9 (timing uncertain) (7.08, +0.56, 8.59%)

[12:57] {ese} OK technical point.....this is the seventh day of a narrow range 7 for drys......theoretically this thing should just up from here based on that last earnings report.......

[12:57] {ese} jump

[13:00] {Threei} IPXL Receives Final FDA Approval for Generic Depakote Extended-Release 500mg Tablets

[13:00] {Threei} - FDA has granted final approval of the Companys Abbreviated New Drug Application for generic versio... (27.48, +0.98, 3.70%) more...

[13:01] {Threei} AIG Trading up 40% on no apparent news

[13:01] {Threei} - note that AIG is scheduled to report earnings on Friday morning and has already said it will not h... (18.85, +5.33, 39.42%) more...

[13:04] {Threei} believe it or not...

[13:05] {Threei} AIG looks like new consolidation

[13:05] {Threei} for another runup

[13:08] {Threei} UQM Awarded $45.1 Million Grant from the U.S. Department of Energy to Accelerate the Deployment of the Next Generation of Electric Vehicles

[13:11] {Threei} easiest money I've made today

[13:11] {nemo} on what?

[13:11] {Threei} 5.06 - 5.45

[13:12] {nemo} oh

[13:12] {nemo} what stock

[13:12] {larisa} lol

[13:12] {Threei} sigh

[13:12] {larisa} I thought you talking AIG

[13:12] {nemo} me too

[13:12] {Threei} nemo... look at this line by me about money made... then slowly gently lift your line of sight by just 2 lines

[13:13] {nemo} ok

[13:14] {dptl} lol

[13:15] {Threei} AIG, look at the dance it did for 10-15 min just above 17, at roughtly 12:00 - 12:15

[13:15] {Threei} did pretty much the same around 19 when I made that comment

[13:15] {Threei} and exploded from there again

[13:18] {Threei} 20 in sight

[13:19] {Threei} AIG Investor Relations: Not aware of any news to account for today's stock move (32.81, -0.59, -1.77%)

[13:19] {Threei} Notes that outside of the CEO succession and confirming earnings date, has no additional information

[13:23] {magoo} out .91 TY vad on AIG alert

[13:23] {magoo} nice one

[13:24] {BillyD} gj

[13:24] {Threei} :)

06[13:25] * magoo slaps Threei around a bit with a large trout

[13:25] {Threei} :(

[13:25] {magoo} the monastery is working for u

[13:25] {ese} nice one mags

[13:25] {magoo} u kickin butt today vad

[13:27] {Threei} (US) FHFA's Lockhart to reportedly step down soon - unconfirmed report (related FNM FRE )

[13:29] {nemo} aig, this is just incredible

[13:30] {Threei} giant squeeze

[13:31] {nemo} what was the short ratio?

[13:32] {magoo} bak in ittttttttttttt

[13:32] {Threei} not overly high...

[13:32] {Threei} Short Percent of Float 18.81 %

[13:32] {Threei} July info

[13:32] {nemo} no, so how the squeeze

[13:33] {Threei} just mass husteria then

[13:33] {Threei} hysteria

[13:34] {BillyD} overall a good thing for mkt trader confidence

[13:34] {Threei} mags... don't overstay your welcome

[13:34] {BillyD} some momo to return hopefully

[13:34] {Threei} when it's done it won't give much chance for orderly exit

[13:34] {Threei} not to women, not to children, not to elderly

[13:35] {magoo} oh sorry out .42 from .40 +point

[13:36] {Threei} good

[13:36] {Threei} not even speaking of halt possibility

[13:36] {magoo} OH DO NOTEVEN SAY ITTT

[13:42] {ese} vad is that AIG's float your talking about thas short?

[13:42] {magoo} man..can u imagine old school wall street who sold in may and went away vad

[13:43] {Threei} yes ese

[13:43] {Threei} lol mags

[13:43] {ese} that would explain a few things

[13:43] {Threei} just proves that most of those "tested and proven" sayings is bs

[13:43] {nemo} guess the welcome isn't over

[13:43] {Threei} what everyone knows isn't worth knowing

[13:44] {nemo} yeah, but this ain't your old school market

[13:49] {Threei} VZ) Venezuela's Chavez: may nationalize any companies that break laws; do not have a set list of sectors that will be nationalized

[13:49] {Threei} - says lawful private companies can continue on

[13:49] {Threei} - Reminder: yesterday Chavex commented that would expropriate certain coffee companies

[13:50] {Threei} cool

[13:50] {Threei} company breaks law - nationalize it

[13:50] {ese} Out drys .75 +.09

[13:50] {larisa} or execute like they do in China :)

[13:51] {Threei} or both

[13:51] {larisa} World is too funny lately

[13:51] {magoo} 22.96 was the reverse split high AIG before it was crushed

[13:51] {nemo} or pass a law and retroactively charge them

[13:55] {ese} Out HBAN .56 +.06 it a good day

[13:55] {ese} it's

[13:56] {nemo} gotta' go...c u 2 morow insha Alah

[13:57] {larisa} bye nemo :)

[13:57] {ese} i'm with ya nemo.......see you all tomorow......getting ready to go to Copenhagen Denmark

[13:57] {Threei} Long Setup: HEV .85 - .90

[13:57] {Threei} if holding above .80

[13:58] {Threei} .75 is a bit better stop technically but I am trying to keep it in scalping framework risk qwise

[13:59] {Threei} take care ese

[14:04] {Threei} if it goes, planning to sell half above 7 and see about secind half - maybe offer it into eod run closer to 7.20, maybe even hold some overnight

[14:07] {Threei} VP and cabinet fan out to hold townhall meetings and speeches about recovery plan success

[14:07] {Threei} do these guys ever stop campaigning?

[14:07] {Threei} someone should have told them election is over

[14:11] {Threei} (US) SEC's Schapiro confirms evaluation of 'flash trading' and the surrounding inequity associated with the trading - CNBC interview

[14:11] {Threei} - Notes that the SEC is moving 'quite decidely' toward banning flash trading, but still must move through regulatory process, so can not be done instantaneously.

[14:22] {JohnK} nice scalp HEV, thx T :)

[14:23] {patel} u still plan on keeping it to 7

[14:23] {patel} threei

[14:26] {Threei} ?

[14:26] {Threei} did anything change?

[14:27] {Threei} no go

[14:27] {JohnK} got in at .85, out at .89

[14:27] {patel} that is a very strange stock man

[14:27] {patel} just dropped pretty hard

[14:28] {JohnK} thin market

[14:28] {JohnK} small shares

[14:28] {Threei} FDIC's Bair: Should implement pay standards on insured banks to encourage long term performance- interview comments

[14:28] {Threei} - Comments that banking system confidence is improving

[14:28] {Threei} - reform on pay should be through principles, wary of setting dollar limits

[14:29] {Threei} HEV CEO: It is not an issue to raise capital; currently in negotiations for $480M worth of low cost loans

[14:29] {Threei} - Seeing increasing battery annual revenue to $2.25M in 2015 if can attain 5-12% of battery market (6.85, +0.33, 5.06%)

[14:30] {dptl} Vad did you try that getco today?

[14:30] {Threei} no, I still haven't updated version

[14:31] {dptl} ye me too....but want to check with Dave first he usualy knows everything

[14:33] {Threei} not really... I asked me recently about production of ivory buttons in South Argentina in 19th century, he had no idea

[14:33] {dptl} but he is prob. drinking today :)

[14:33] {Threei} asked him

[14:33] {dptl} lol

[14:33] {magoo} we in anything vad?

[14:34] {Threei} nope

[14:34] {patel} stalking anything???

[14:34] {magoo} sell from hell AIG..not in..but it double topped

[15:05] {jfjf64} s aig 21.05

[15:05] {magoo} ICOG vad

[15:06] {Threei} I don't have news

[15:06] {Threei} anyone?

[15:06] {magoo} prob break thgose trades

[15:07] {fernp} no news here

[15:07] {Threei} shrug

[15:08] {jfjf64} grr

[15:08] {Threei} May 16 last news on it, filing for bakruptsy

[15:10] {magoo} we in anything?

[15:10] {magoo} fell asleeop

06[15:10] * Threei slaps magoo around a bit with a large alarm clock

[15:13] {Threei} heh... HEV shakeout

[15:13] {Threei} some stocks just have dishusting manners, I noticed...

[15:13] {Threei} who brought them up like this

[15:15] {patel} that shakeout was wrong

[15:15] {patel} i took a pretty big hit on that one

[15:17] {Threei} original stop was 5-7 cents, with slippage could have easily been about 12 on that

[15:18] {patel} i got hit for about 13 cents

[15:18] {Threei} if this is big hit for you, you should really re-think share size and/or trading thin stocks altogether

[15:18] {Threei} I mean come on... 13 cents equals big hit??

[15:18] {Threei} what kind of profits are you aiming for?

[15:19] {magoo} how many shares u take?

[15:19] {patel} i didnt get hit bad but it turned my profit for the day near 0

[15:19] {patel} i only took 400 shares

[15:19] {magoo} vad, u or i??

[15:19] {Threei} I don't understand it

06[15:20] * magoo slaps Threei around a bit with a large trout

[15:20] {Threei} something isn't right with trade/risk management

06[15:20] * magoo slaps patel around a bit with a large trout

06[15:20] * magoo slaps patel around a bit with a large trout

06[15:20] * magoo slaps patel around a bit with a large trout

[15:20] {patel} we talked earlier about it and it seems i am paying 2 much in commissions.

[15:23] {dptl} ok....have a good evening all,see ya tomorrow

[15:23] {Threei} doesn't sound like that's the only issue... something else is off

[15:23] {Threei} tajke care dp

[15:24] {_prth} 400 shares does not give you enough profit to scale

[15:25] {Threei} not really, unless it's a big mover

[15:26] {Threei} it's either training size, or a size for a very volatile stock

[15:26] {Threei} where risk control doesn't allow for tight stosp

[15:27] {_prth} and setting hard stops will get him taken out at a really bad fill depending on broker

[15:27] {patel} i stopped using hard stops

[15:27] {Threei} yikes

[15:27] {Threei} no way

[15:28] {magoo} but .13 cents on 400 is 52 bux correct?

[15:28] {patel} i was using hard stops but few days ago AKAM took me out

[15:28] {patel} and went up

[15:28] {patel} yes

[15:28] {patel} okay i traded BAC made over 90 dollars ont hat trade

[15:28] {_prth} so where did nvax fill at on the stop this morning and add commissions to that

[15:29] {patel} then i took LLTC made about 18 dollars on that

[15:29] {patel} then i got stopped on NVAX

[15:29] {Threei} hard stop is for the case whn you have to leave your computer unattanded

[15:29] {Threei} better than no stop at all

[15:29] {patel} and hten i got stopped otu for HEV

[15:29] {Threei} but when you can contorl events, use manual one

[15:30] {patel} slippages on NVAX was 5 cents

[15:30] {patel} slippage on HEV was about 4 cents

[15:30] {Threei} 18 dollars on LLTC?

[15:30] {patel} yes

[15:30] {patel} i took 200 off hte table on 1:1

[15:31] {patel} then put the rest at breakeven

[15:31] {patel} i am not complaining its just I need to know what I am doing wrong and make my trade management better

[15:34] {_prth} the percentage of dollars is high on commissions when trading smaller size if paying a flat rate, if you use per share cost platform then it be more cost effective with smaller size

[15:35] {patel} prth, i am paying .01 cents a share

[15:36] {Threei} that's twice the rate we are paying

[15:37] {Threei} great... now HEV is doing what I envisioned

[15:38] {_prth} that is $10 for a thousand shares, do you pay ecn fees too?

[15:38] {Threei} ECN is pass-through both ways for us

[15:38] {Threei} fee or rebate, dependinh on removing or adding liquidity

[15:39] {_prth} is patel with the same broker?

[15:39] {Threei} no

[15:40] {Threei} he pays .01/shre... we .005

[15:40] {magoo} which is more lol

06[15:40] * Threei slaps magoo around a bit with a large large abakcus since calculator is too complicated for magoo

[15:40] {_prth} well that is a big difference especially for scalping size

[15:41] {jfjf64} l met .05 break

[15:42] {patel} yup

[15:42] {patel} no ecn fees

[15:42] {patel} i get rebates and everything

[15:42] {patel} pretty much the same as you guys but the commisisons is doubled

[15:42] {Threei} hmmm... no fees but rebates?

[15:42] {patel} yes

[15:43] {Threei} something isn't right :)

[15:43] {patel} as long as I am sending the order through PFSI i pay no fees

[15:43] {patel} but i have to use INTEL and ARCAL for rebates

[15:43] {patel} what kind of fees do you have to pay threei

[15:43] {Threei} on add liquidity side only

[15:44] {Threei} you can do it using GETCO route for entry and ECN for exit with Laser

[15:44] {jfjf64} in

[15:44] {patel} pj plau

[15:45] {patel} oh okay

[15:47] {jfjf64} grrr

[15:51] {jfjf64} 21.83 l aig

[15:52] {jfjf64} in 88

[15:53] {jfjf64} .25cent stop

[15:56] {jfjf64} 1/1 half out

[15:56] {jfjf64} stop 22.00

[15:57] {Threei} you are azware of time remaining, right?

[15:57] {jfjf64} all out

[15:57] {Threei} good

[15:57] {Threei} thank you all, much better day today

[15:57] {Threei} have a great evening, see you tomorrow

[15:57] {magoo} ty vad..everybody

[15:58] {jfjf64} enjoy vad ty

[15:58] {larisa} bye :)

[16:00] {patience} look vad, the Trout Group is closing the Nasdaq .... what a good name :)

[16:00] {Threei} ROFL

[16:00] {patience} i wonder what they do for a business?

[16:00] {patience} where's magoo....

[16:02] {magoo} here

Aug 04 2009

One of those days when things just don't work. One nice win on VRTX long for +.35 and three stops around .10 each. With partialling out on a winner, still a red day.

Session Time: Tue Aug 04 00:00:00 2009

[08:36] {BillyD} GM all

[08:36] {Threei} Good morning

[08:43] {Threei} Treasury publishes bank stats on loan modifications: BoA began trial modifications on only 4% of eligible loans

[08:43] {Threei} - Citimortgage trial modifications started at 15% of all elligible loans. JPM rate at 20%.

[08:43] {Threei} - CNBC's Liesman comments that this data release is essentially meant to "shame" banks into stepping up their loan modifications.

[08:44] {Threei} CAT Guides 2010 profit better than that of 2009

[08:44] {nemo} wondering why that jumped

[08:46] {Threei} DARA Along with America Stem Cell, Inc. to Collaborate On Stem Cell Research (0.27, 0.00, 0.00%)

[09:02] {Threei} (US) FDIC's Bair: Still sees no need for unified banking regulator, still opposed to President Obama's regulatory overhaul

[09:02] {Threei} - Note that some of these comments were leaked during the European session.

[09:02] {Threei} still?

[09:02] {Threei} I never heard they were

[09:04] {Threei} (US) Sen Dodd: Not sure if 3 Federal Agencies are needed to regulate banks

[09:04] {Threei} why... the more the merrier

[09:05] {BillyD} the blind are trying to lead.....they overlook their faults in managing the finaces of this country but try and regulate everything else

[09:06] {Threei} fox and henhouse...

[09:07] {Threei} I'll never understand how Fed's very existence, let alone giving them increased powers, can be justified, with glaring conflict of interests

[09:09] {cosmo} ... like greed....

[09:09] {ese} good morning.............

[09:09] {Threei} cosmo, ese :)

[09:09] {ese} morning vad......

[09:10] {ese} correction begins today maybe?

[09:10] {Threei} anyone's guess, really

[09:10] {Threei} whole lot of people call for correction during whole rally

[09:10] {cosmo} ese...you go to that edmonton concert ?

[09:11] {ese} ya.....that was pretty funny.....

[09:11] {cosmo} i went to one like that once too

[09:11] {ese} the one where the stage colapsed?.....no

[09:11] {Threei} my approach if simple

[09:11] {ese} my mother lives close to there

[09:11] {Threei} it's over when it's over, not when everyone says it's over

[09:11] {Threei} we will see it with our very eyes

[09:12] {Threei} and trade accordingly

[09:12] {cosmo} i saw little richard collapse a stage many years ago...

[09:12] {magoo} morn

[09:12] {cosmo} he broke his arm...

[09:12] {ese} in deed vad

[09:12] {Threei} magoo :)

[09:12] {fernp} good morning everybody

[09:12] {Threei} fern :)

[09:12] {ese} colapse......from exhaustion?

[09:13] {magoo} u watching UBS vad?

[09:13] {magoo} what else

[09:13] {cosmo} jumping on the piano with the audience

[09:14] {Threei} not finding much to watch so far mags

[09:14] {Threei} CAT

[09:14] {ese} wow...

[09:14] {cosmo} everybody come on up....

[09:15] {cosmo} ended the concert before contry joe and the fish could play

[09:15] {cosmo} country

[09:15] {ese} was it a good concert?

[09:15] {ese} to that point?

[09:16] {cosmo} hmmm..... i forgot...

[09:17] {cosmo} lots of arrests for lighting incense....

[09:17] {cosmo} geez

[09:18] {ese} thats funny cos

[09:18] {cosmo} last concert at the olympic .... downtown L.A.

[09:19] {dptl} good morning all

[09:19] {Threei} dp :)

[09:19] {ese} dp

[09:20] {dptl} :)

[09:23] {Threei} NTWK...

[09:23] {Threei} little news and nice daily

[09:23] {Threei} NTWK Wins New Mexican Contract to Implement Award Winning Financial Suite With Leading Global Auto Manufacturer

[09:23] {Threei} - terms not disclosed (1.02, 0.00, 0.00%)

[09:23] {Threei} probably nothing to get excited about

[09:25] {Threei} KERX

[09:25] {Threei} Keryx Biopharmaceuticals Inc Settles license dispute with Alfa Wassermann

[09:25] {Threei} - The Company and Alfa Wassermann S.p.A. have settled a dispute over issues arising from the terminated license agreement for Sulonex (sulodexide). Under the terms of the settlement agreement, Alfa Wassermann is paying Keryx $3.5M (of which $2.75M has already been received by Keryx and $750K is to be paid to Keryx on or before July 30, 2010), and Keryx shall deliver to Alfa Wassermann all of its data, information and other intellectual property related to Sulonex.

[09:26] {Threei} ONTY gapped into 6.90 area, retreated to close level now

[09:26] {Threei} that's all I've got so far

[09:26] {Threei} slim pickings

[09:27] {Threei} KERX, if consolidates a little between .70 and .80 maybe worth try for a break

[09:34] {ese} cvs...might be worth a look vad

[09:34] {Threei} Short Setup: RIMM .40 break half lot

[09:34] {Threei} if stays below .60

[09:35] {Threei} CVS earnings and guidance earlier

[09:35] {Threei} CVS Guides Q3 EPS $0.62-0.64 v $0.76e, Rev +19-21% y/y (implies R$24.87-25.29B v $26.5Be) - conf call (34.00, 0.00, 0.00%)

[09:35] {Threei} CVS Guides FY10 EPS "to grow 13-15% y/y" (implies $2.93-3.39 v $3.01) - conf call

[09:35] {Threei} - CEO: "Would be disappointed if FY10 guidance did not grow 13-15% over 2009 levels, but we hav... (34.00, 0.00, 0.00%) more...

[09:36] {Threei} looks to me like short on .50 break

[09:36] {Threei} Short Setup: CVS .50 break

[09:36] {Threei} if stays under .65

[09:38] {nemo} damn

[09:38] {BillyD} missed

[09:38] {Threei} over 1:1 in a hurry

[09:38] {ese} short cvs

[09:38] {BillyD} yeah good one

[09:38] {nemo} it went from not triggered to 1:1

[09:38] {ese} out cvs

[09:38] {nemo} good for you

[09:39] {Threei} back into trigger

[09:39] {Threei} first wekness from here

[09:39] {Threei} for second chance entry

[09:39] {Threei} nope, over resistance now

[09:39] {ese} no i buggared that up....lousy fill

[09:40] {ese} filled .33 covered .49 only a 100 shs though

[09:40] {Threei} yikes

[09:40] {Threei} what is it, market orders??

[09:40] {ese} still learning to short.....was not quick enough on that lost 20.00 bucks

[09:41] {ese} yes

[09:41] {Threei} don't do market orders

[09:41] {Threei} ever

[09:41] {BillyD} I reshorted it into .54 and got popped -.20

[09:41] {Threei} that's the kind of fills tyou will be getting on real size too

[09:41] {ese} you got it ...that was mistake 1 i guess

[09:42] {Threei} Preview: Jun Pending Home Sales due out at 10amET

[09:42] {Threei} -***consensus expectation

[09:42] {Threei} - MoM 0.7%e v 0.1% prior (May)

[09:42] {Threei} - analyst estimates range from -1.2% to +3.0%

[09:42] {Threei} WFC

[09:42] {Threei} bounce play

[09:43] {Threei} Long Setup: WFC .37 if stays above .30

[09:44] {BillyD} in .37

[09:44] {fernp} in

[09:48] {Threei} no worky

[09:49] {Threei} shakeout...

[09:50] {fernp} y

[09:50] {Threei} what's with JADE?

[09:50] {wulff} CAT short

[09:56] {ese} cvs.....cool move

[09:56] {fernp} LVS breakout, Vad?

[09:56] {Threei} hard to tell

[09:57] {Threei} something isn't right about it

[09:57] {fernp} ok, ty

[09:58] {Threei} looks like it follows WYNN

[09:58] {Threei} and WYNN starts pulling back

[09:59] {ese} L MYL .54

[10:00] {Threei} JUNE PENDING HOME SALES (M/M): 3.6% V 0.7%E

[10:02] {nemo} frickin wfc

[10:02] {Threei} yeah

[10:02] {nemo} cat break cup

[10:02] {Threei} embodiment of rudeness

[10:03] {Threei} Long Setup: SBUX .50

[10:03] {Threei} if stays above .40

[10:03] {Threei} .45 for hardcore scalpers

[10:04] {nemo} my loss in WFC ended up being less than the stop, I double tapped the sell, ended up going short, made a couple of cents

[10:04] {Threei} lol

[10:05] {nemo} big order @.50 on sbux

[10:06] {Threei} (US) Fed's Tarullo: The Fed has not taken a position for or against establishment of financial consumer protection agency - Senate testimony (related XLF )

[10:07] {fernp} you were right with LVS. ty

[10:09] {Threei} :)

[10:10] {Threei} Long Setup: ARUN .30 half lot

[10:10] {ese} out MYL .46 -.08 goin nowhere fast....and i ain't goin with it

[10:10] {Threei} if stays above .15

[10:11] {cosmo} Fed must like Caveat Emptor

[10:11] {Threei} HGSI again??

[10:13] {Threei} BCRX must be not too far behind then, lol

[10:16] {Threei} SBUX 1:1 for pesky hardcore scalpers

[10:21] {Threei} WFC Discloses 2009 modifications of 740K mortgage loans through end of July

[10:21] {Threei} - Notes that 90 of 100 WFC customers have remained current on mortgage payments (25.67, -0.13, -0.50%) (related XHB XLF )

[10:24] {Threei} scalpers win on SBUX

[10:24] {fernp} stopped

[10:24] {patel} 0 for 2 so far

[10:29] {wulff} rimm short

[10:31] {ese} i'm getin nowhere fast.......hows everybody else doin

[10:32] {chiro} me 2....nowhere fast...sounds like a "Meatloaf" track

[10:32] {BillyD} thrown a little out of my game but getting mindset back here

[10:32] {patel} same here

[10:32] {ese} if it isn't one of his tracks ...it hsould be

[10:34] {Threei} gosh... two stops 8 cents and 11 cents, and whole bunch of whiners

[10:34] {Threei} lol

[10:35] {ese} hey!!!!!! I represent that remark!

[10:35] {Threei} represent? or resent? :)

[10:38] {ese} represent

[10:38] {ese} L mee .79

[10:38] {patel} WFC hated on us

[10:38] {Threei} sometimes it does that

[10:40] {wulff} still think down is the mode of the day

[10:40] {Threei} F Chief Economist: Sees Q4 production up q/q -CNBC (8.38, +0.05, 0.60%)

[10:40] {nemo} or flat

[10:40] {nemo} which means it'll be up big

[10:43] {ese} out mee .97 +.18

[10:44] {ese} this stock has been a nice litle source of income the last 2 weeks

[10:51] {ese} L CTSH .39

[10:54] {Threei} Long Setup: VRTX 37 break if stays above .90

[10:59] {ese} L CTSH avg price .36

[11:00] {Threei} touched on 1:1 but I am not sure it was possible to exit, I wasn't offering there

[11:00] {patel} u taking partials

[11:00] {Threei} I think so

[11:02] {Threei} (US) Sen Stabenow: Remains confident that vote on extension of Cash-For-Clunkers could come as soon as this Wednesday

[11:02] {Threei} - Extension is for the approval of additional $2B in funds

[11:02] {Threei} *Note: Stabenow is Senator from Michigan

06[11:04] * Threei kicks VRTX in the rear

[11:05] {Threei} 1:1

[11:05] {Threei} half out

[11:05] {Threei} scalpers are scalpers

[11:05] {Threei} pesky and annoying

[11:05] {Threei} (I know, I see on in the mirror every day)

[11:07] {ese} same with ctsh....it needs a good swft kick

[11:08] {patel} any targets threei

[11:08] {Threei} 1:2, 1/4 more out\

[11:09] {nemo} wfc

[11:09] {nemo} drats

[11:09] {Threei} last portion stop is still under 37

[11:09] {Threei} sheesh... let it go, new plays are there and make us money

[11:09] {Threei} there are 10,000 stocks

[11:10] {nemo} you sure?

[11:10] {Threei} what's with this dwelling on the past, next bus is always aaround the corner

[11:11] {Threei} okay, make your choice now, offer into 1:3 or trail the stop

[11:11] {Threei} if trail, do that when it tags .30

[11:11] {Threei} under the low of this pullback

[11:13] {Threei} ONTY lost its mind

[11:14] {ese} my goodness.....it's the ctsh water torture....can anything climb slower

[11:14] {Threei} stop to .15

[11:15] {Threei} 1:3 is here

[11:16] {ese} grrrrrrrrrrrrr

[11:16] {magoo} vad..was there news RIMM? yesterday..it was piece of shit on big green day

[11:17] {magoo} today..nopt 1 pullbk on red day

[11:17] {Threei} nope

[11:18] {Threei} I am out +.35

[11:18] {patel} nice trade. I kinda messed up and exited all instead of partials.

[11:19] {ese} thats vrtx right vad? how many shs did you do on that?

[11:19] {Threei} yes ese

[11:19] {Threei} anyone else traded it??

[11:19] {patel} i did

[11:19] {patel} 400 shares

[11:20] {nemo} missed it

[11:20] {fernp} missed

[11:31] {Threei} HGSI hard hit

[11:35] {BillyD} new news?

[11:35] {Threei} not that i see

[11:38] {BillyD} tough read

[11:40] {nemo} the rally continues

[11:40] {nemo} Captain Obvious strikes again!

[11:41] {Threei} let's modify ARUN

[11:41] {Threei} .25 break long trigger

[11:41] {Threei} a bit more aggressive entry

[11:47] {nemo} did the stop on arun change?

[11:47] {Threei} no

[11:47] {nemo} you sure?

[11:47] {nemo} hehehehe

[11:47] {Threei} you living dangerously today?

[11:48] {nemo} yeah, I'm in a mood

[11:49] {patel} VRTX almost at 38

[11:57] {Threei} *SEC TO REPORTEDLY BAN FLASH TRADES IN US - US SEN SCHUMER (D, NY)

[11:57] {Threei} - Schumer comments that SEC's Shapiro mentioned that the ban is 'imminent'

[11:58] {ese} what are flash trades?

[11:58] {Threei} irrelevant distraction

[11:58] {Threei} has to do with dark pools and huigh frequency trading

[11:58] {ese} boy you've lost me vad....dark pools?

[11:58] {Threei} hehe

[11:59] {ese} high frequency makes sense.....dark pools?

[11:59] {patience} that will cut volume

[11:59] {Threei} dark pools - pools of liquidity set by large institutional trading entities away from mainstream market

[11:59] {ese} ahhhhhhhh

[12:00] {Threei} high frequency trading - superfast executions done by computer programs,

[12:00] {Threei} mostly hunting very small price movements or even no mecements at all,

[12:00] {Threei} getting reward in a form of liquidity rebate

[12:00] {Threei} same as get with Laser

[12:00] {Threei} same as we get with Laser

[12:01] {Threei} now, sending "probing" orders into dark pools

[12:01] {Threei} trying to find liquidity there

[12:01] {Threei} based on FOK principle

[12:01] {ese} buying and selling within there own inventory of shares

[12:01] {Threei} (fill or kill)

[12:01] {Threei} where order is active for only milliseconds

[12:01] {ese} based on long time accumulation

[12:01] {Threei} and either getting filled or canceled immediately

[12:02] {Threei} became known as flash orders

[12:02] {Threei} Major concern about them is,

[12:03] {Threei} often they exploit inefficiency dangerously close to exploting information about order flow before aanyone else get a chance to see it.

[12:03] {Threei} It violates the idea of oreders being exposed to everyone at the same time

[12:03] {ese} i can see that

[12:04] {Threei} It remains an open question whether it's illegit frontrunning on privileged distribution of information

[12:04] {Threei} or legitimate using of higher speed by those who has access to higher speed

[12:04] {BillyD} collusion, price fixing, etc

[12:04] {BillyD} lol

[12:04] {BillyD} and justification

[12:04] {Threei} after all, if I have a cable and you have a phone modem, I will get information faster

[12:04] {Threei} and this will be totally legitimate advantage

[12:05] {Threei} There are claims out there that the system of information distribution is rigged

[12:06] {Threei} and this particular senator champions the idea of banning flash orders.

[12:06] {Threei} If he succeeds, fine... if not - fine too.. IMO{ this all is absolutely irelevant

[12:06] {nemo} He has to be hard on the financial industry considering his close ties to Wall Street

[12:06] {nemo} He was skewered during the initial stages of the debacle

[12:07] {nemo} It's like arun heard you call the change

[12:08] {nemo} RIMM gonna break through?

[12:09] {nemo} guess so

[12:18] {Threei} Just 16% of U.S. voters believe that tax increases help the economy

[12:18] {Threei} see, told you it's a mving target

[12:20] {ese} out CTSH .33 +.10 had averaged in from .11

[12:21] {Threei} what an unlikely mover... UAUA

[12:21] {nemo} yeah, on what, higher oil?

[12:22] {Threei} maybe they hired new spin doctor, more talented than old ones... so he proved higher oil is to their benefit

[12:23] {nemo} oh, they made money on their fuel hedges

[12:24] {Threei} (US) SEC: Exploring ways to eliminate the unfairness of flash orders (related XLF )

[12:24] {Threei} it's easy: mandate the same speed for all computers

[12:24] {Threei} mandate the same IQ for all programmers

[12:26] {Threei} somewhere down that road I see a decree mandating the same birthday for entire population - because it's unfair that some get to celebrate on nice summer day while ohers suffer in cold winter one

[12:26] {ese} look at GE

[12:26] {ese} can that carry on?

[12:38] {ese} now thats funny....everybody is an idler

[12:51] {patel} any opinion on KEY?

[12:51] {Threei} not by me

[12:52] {magoo} vad GGC

[12:52] {magoo} 30 points in 5 days

[12:53] {patel} thats what i'm talkinag bout magoo. LOL

[12:53] {Threei} GGC "No comment" on trading activity today (40.45, +16.50, 68.89%)

[12:53] {magoo} oh

[12:53] {patel} that think is flying

[12:53] {patel} thing

[12:53] {Threei} 30 Jul 2009 10:47 GGC Moody's raises ratings to B2 from Caa2 (3 notch increase); outlook stable

[12:53] {Threei}

[12:54] {Threei} a few news headlines on debt exchange before that

[12:55] {Threei} eBay Inc UPDATE: Silicon Alley Insider column this morning discussed rumors that Apple is working on a "PayPal Killer"

[12:55] {Threei} - article notes it could be expanded from iTunes payments which can already be used to buy some virtual and subscription goods in third-party iPhone applications.

[12:55] {Threei} how is it paypal killer

[12:56] {Threei} shrug

[12:57] {Threei} U.S. Treasury Secretary Timothy Geithner issued a stern warning punctuated with expletives to U.S. regulators to end turf battles and show support for President Barack Obama's plan to overhaul financial regulation, a person familiar with the situation said on Monday.

[12:57] {Threei} that's right Timmy, you tell them

[12:57] {Threei} with expletives

[12:57] {BillyD} lol

[12:58] {cosmo} i want to see indictments....

[12:58] {cosmo} but.... no matter

[12:58] {Threei} and don't puctuate with them - let it be expletives puncuated by routine words

[12:58] {Threei} Citing people familiar with the meeting, the newspaper also said that the Treasury Secretary used obscenities and took an aggressive stance in his dressing down of the regulators.

[12:59] {Threei} Spokespersons for the Fed, the SEC and the FDIC did not immediately return calls seeking comment.

[13:00] {Threei} I guess they were searching for the right words

[13:01] {Threei} the following somehow raises the image of Stalin in my mind... read it:

[13:01] {Threei} Mr. Obama in June unveiled a financial regulatory overhaul, sometimes called the biggest since the 1930s. Among other things, the plan would give the Fed added powers, award the government more power to break up troubled companies, and create a new agency to oversee consumer finance.

[13:01] {Threei} Many major banks and industry trade groups however have criticized the plan, as have some regulators wary that any redistribution of power would reduce their own.

[13:01] {Threei} Even though the regulators are viewed as independent of the White House, the Journal said Mr. Geithner told attendees that the administration and Congress set policy.

[13:01] {Threei} It also said the Treasury Secretary, without singling out officials, raised concerns about regulators who have questioned the wisdom of giving the Fed more power.

[13:04] {patel} AMTD break fo 19

[13:05] {patel} what ya think VAD?

[13:06] {Threei} two day's break... and JBE on intraday... overall, it's my kind of plays...

[13:06] {Threei} but today it just doesn't feel right

[13:26] {chiro} AMZN testing lows

[13:29] {ese} l fitb .01

[13:36] {_commaman} opinion, please on MMM long after.84?

[13:37] {ese} out fitb .08 +.07 20k

[13:37] {Threei} I doubt it, MMM

[13:37] {fernp} gj ese

[13:38] {Threei} more feels to me like little bounce before further drop

[13:38] {ese} tks

[13:39] {_commaman} thanks...

[13:42] {magoo} .

[13:51] {Threei} watching RIMM for bounce scalp

[13:52] {nemo} O.K. here's a wise-ass comment...why weren't you watching it for a short!

[13:52] {Threei} since you recognize it as such I may just as well refrain from answer

[13:54] {Threei} .40 long trigger if holding above .25

[13:54] {Threei} invalidated

[13:54] {ese} now that was an interesting runup in fitb

[13:55] {Threei} Senate Majority Leader Reid: There is "absolute unity" among Democrats in the Senate on healthcare

[13:55] {nemo} did his nose grow?

[13:55] {Threei} RIMM .20 long if holding above .05

[13:56] {Threei} no go

[13:57] {nemo} gonna' need market help maybe

[13:57] {Threei} market really dislikes this "absolute unity"

[13:57] {ese} market news of any kind? qqqq's just tanking

[13:57] {fernp} any news Vad?

[13:57] {Threei} only this healthcare thing

[13:57] {ese} absolute unity comment

[14:00] {cosmo} lemings unite

[14:06] {Threei} Long Setup: SRS .60 break if holding above .50

[14:07] {Threei} this is in fact short the market play

[14:07] {Threei} and it starts feeling like we are to get nice downdraft today

[14:07] {Threei} so not a scalp for me

[14:07] {magoo} in

[14:10] {nemo} scalp stop .55?

[14:12] {Threei} no

[14:12] {Threei} there is no support there

[14:13] {ese} general sense of the market last few days vad.......ya got one.....feeling toppy to me

[14:14] {Threei} pretty much

[14:14] {Threei} but timing of exact top is umm

[14:14] {Threei} no worky SRS

[14:14] {Threei} shrug

[14:14] {Threei} idiotic day so far

[14:14] {ese} yes indeed

[14:18] {nemo} wow, SRS just tickled the stop

[14:18] {Threei} if that turns to be a shakeout too, I give up - world IS unfair

[14:19] {nemo} yeah we need Obama to fix it

[14:22] {cosmo} CTSH waits patiently

[14:26] {ese} patel you there......just saw your dcc ....just replied...sorry about that

[14:29] {magoo} ami hear?

[14:29] {magoo} whole system tankage

[14:29] {nemo} I don't know can ami hear?

[14:31] {cosmo} CTSH tests possible 33.58 pivot

[14:31] {cosmo} fwiw

[14:37] {ese} patel....PAtel.........PATEL!!!!!!!!! where are ya man

[14:38] {nemo} think it's short for patella?

[14:40] {ese} you mean Nutella...........no wait.....thats the chocolate treat

[14:40] {ese} L mee .10

[14:40] {nemo} that stuff is goood

[14:44] {ese} out .15 +.05

[14:45] {magoo} RICHHHHHHHHHHH

[14:46] {magoo} was short GGC 45 .16

[14:46] {magoo} covered .36.28

[14:46] {magoo} DIONOT TRY THIS

[14:48] {magoo} had heart attack doing it+8.88

[14:48] {magoo} my computer even crashed

[14:48] {magoo} was freakin out..smashed all dinos stuff\

[14:48] {BillyD} feel better now

[14:48] {BillyD} just tell dino it was worth 8 pts

[14:49] {ese} mags your hilarious!!!

[14:50] {ese} ya i agree with billy.....8pts is worth the distruction of the computer

[14:50] {ese} definetly

[14:51] {nemo} great, he'll come in Monday to trade, especially after the month he had, and find his stuff trashed.

[14:51] {ese} thats even funnier

[15:04] {dptl} have a good evening all

[15:05] {ese} l mee .04

[15:06] {magoo} yea..then im dead, ill take monday off i think..i had 800 shares

[15:06] {nemo} what was your stop .00

[15:06] {magoo} my biggest of year score

[15:06] {Threei} take care dp

[15:06] {nemo} ese stop

[15:06] {magoo} BUT IM NOT BUYING HIM A COMPUTER..just the duct tape

[15:07] {Threei} lol

[15:07] {magoo} why smash my stuff? ive learned that lesson

[15:07] {BillyD} rflol

[15:08] {ese} out mee .13 + .09

[15:08] {magoo} u know..im working hard..hes drinkin and golfing..why should my computer be smashed?

[15:09] {ese} sorry nemo.......was concentrating on it too much to reply would have been .99 though

[15:09] {magoo} hey vad, u edit this stuff right?

[15:09] {Threei} nope

[15:09] {magoo} oh oh

[15:10] {nemo} Yeah, I just copy/pasted it for Dino

[15:11] {ese} i'm burnt.........anyone who says this is not stressfull need a good swift kick in the nats.....

[15:11] {Threei} ummm

[15:11] {Threei} that would be me... and I am not delighted by the idea {G}

[15:12] {ese} this is not stressful to you vad?........heck of alot of concentration has to go on here.....at least from my point of view

[15:12] {Threei} do it day after day full time for 13 years

[15:13] {Threei} then tell me if it's still stressful to you :)

[15:13] {magoo} i find it very stressful and tiring eses

[15:13] {ese} your amazng for sure........

[15:13] {Threei} magoo doesn't count

[15:13] {Threei} he just loves stress

[15:13] {Threei} if he doesn't find it he creates it

[15:14] {ese} not one bit....teenee weenee bit of stress?

[15:14] {Threei} just as much as normal man needs to get creative juices going

[15:14] {Threei} but nothing of devastating kind

[15:15] {Threei} you know... sweating palms

[15:15] {Threei} hightened heart rate

[15:15] {Threei} breaking up voice

[15:15] {Threei} etc :)

[15:16] {Threei} you are not stone cold when you perfomr on the scene, right?

[15:16] {ese} ya no i get ya........but the concentration factor is huge i find

[15:16] {Threei} you are jazzed up

06[15:16] * magoo slaps Threei around a bit with a large trout

[15:16] {ese} true

[15:16] {Threei} but not stressed out

[15:16] {ese} Ok......i see where your going with this

[15:16] {Threei} and you ARE concentrated, in a way

[15:17] {ese} yup

[15:17] {Threei} same here...

06[15:17] * magoo slaps Threei around a bit with a large trout

[15:17] {Threei} sigh

[15:17] {magoo} f tankage

[15:17] {ese} hmmmmmmm........OK.....I'lll try that shot or 2 of vodka as well

[15:18] {magoo} i do drink dinos booze while hes away lol

[15:19] {ese} ha ha ha..........

[15:26] {magoo} any read rimm here vad?

[15:26] {magoo} i thinking short

[15:26] {Threei} .50 break...

[15:26] {Threei} hard to tell mags, I am off today

[15:26] {magoo} see..i think mkts going down

[15:26] {Threei} so trying not to push it

[15:26] {magoo} ok

[15:27] {Threei} well, I thought so too

[15:27] {Threei} didn't materialize

[15:27] {magoo} oh yeah..the srs

[15:28] {ese} gotta go all....see you all tomorow

[15:28] {fernp} bye ese

[15:28] {magoo} WAITTTTTTTTT

06[15:28] * magoo slaps ese around a bit with a large trout

[15:28] {Threei} take care ese

[15:28] {ese} what!!!!!

[15:29] {ese} see ya mags

[15:29] {ese} vad

[15:34] {chiro} rimm

[15:34] {chiro} sry...wrng window

[15:37] {Threei} Short Setup: WFC .30 break

[15:38] {Threei} last attemot to repair the day

[15:38] {magoo} u confident}?

[15:39] {jfjf64} good afternoon all

[15:39] {Threei} hmm?

[15:39] {Threei} hey jf

[15:39] {Threei} about what mags?

[15:39] {fernp} stop Vad?

[15:40] {Threei} above .40

[15:40] {magoo} huh?

[15:40] {jfjf64} this wfc will be my 1st trade all in boss

[15:40] {jfjf64} in .28

[15:41] {nemo} in .29

[15:41] {magoo} in .32

[15:41] {Threei} if it doesn't work, I am off to monastery

[15:41] {nemo} you mean

[15:41] {nemo} nunnery

[15:41] {Threei} for the next 5 years

[15:41] {Threei} but the trip itself should be short enough so Iam ready to trade tomorrow morning

[15:42] {nemo} where.s the stop

[15:42] {jfjf64} i will not ask how day was

[15:42] {Threei} [15:40] {Threei} above .40

[15:42] {nemo} ?

[15:42] {Threei} why not jf?

[15:42] {fernp} no short inventory here

[15:43] {Threei} looks like good thing in this case fern, lol

[15:43] {jfjf64} with ya goin to nunnery hope was good

[15:43] {fernp} u think?

[15:44] {Threei} VZ) Venezuela Pres Chavez: Evaluating the expropriation of some coffee companies

[15:44] {Threei} - Aiming to continue to nationalize 'monopolies'

[15:44] {Threei} related GMCR USD/VEF SBUX USD/COP

[15:49] {Threei} die WFC

[15:49] {Threei} you have just 10 min to go to 25

[15:49] {jfjf64} getin ready too

[15:49] {magoo} thought we were gonna lose u big guy

[15:49] {Threei} although 24 would be better

[15:50] {jfjf64} met l .50 break

[15:51] {Threei} what can I say

[15:52] {Threei} qwhen things don't work, they just don't

[15:52] {jfjf64} 1/1 met

[15:53] {Threei} okay guys, talk to you tomorrow morning from the monastery

[15:53] {Threei} have a good evening

[15:53] {jfjf64} leavin stop at .41 till close

[15:53] {fernp} lol

[15:53] {fernp} good nite all

[15:53] {jfjf64} half out

[15:53] {magoo} bye vad

[15:54] {jfjf64} later vad

[15:55] {jfjf64} 1/4 out

[15:56] {jfjf64} last piece stop at .65

[15:58] {jfjf64} ya go met

[15:58] {jfjf64} stop to .75 lasst 1/4

[15:59] {jfjf64} done

[15:59] {jfjf64} good night all

Aug 03 2009

Week started nicely with steady and safe profits. WFC short, CAT long, HIG two-sided setup that triggered on a long side and worked, F short that took a lot of patience but finally worked out... what else does one need from Monday.

Session Time: Mon Aug 03 00:00:00 2009

[08:05] {nemo} market left without us

[08:37] {Threei} KERX Announces Agreement with FDA on a Special Protocol Assessment for Phase 3 Trial of KRX-0401 (Perifosine) in the Treatment of Multiple Myeloma

[08:38] {BillyD} GM Vad

[08:38] {Threei} Billy :)

[08:52] {magoo} morning

[08:53] {Threei} magoo

[08:53] {magoo} what we watching pre vad?

[08:53] {Threei} kind of everything

[08:53] {Threei} KERX

[08:54] {Threei} WFC

[08:54] {Threei} AUY

[08:54] {Threei} SLW

[08:54] {magoo} u see HURN down 32?

[08:55] {Threei} yes but I considcer it hallucination

[08:56] {Threei} Huron Consulting Group Guides Q2 R$164-166M v $174.7Me, FY09 R $650-680M v $732Me; James Roth named CEO

[08:56] {Threei} - Company to restate financial statements for the fiscal years 2006, 2007 and 2008 and Q1 2009.

[08:56] {Threei} to correct the Companys accounting for certain acquisition-related payments received by the sellers in connection with the sale of certain acquired businesses that were subsequently redistributed among themselves and to other select Huron employees. As a result, the historical financial statements for these periods should no longer be relied upon. The restatement items are non-cash charges with a total estimated impact on net income and EBITDA for all restated periods of $57 million.

[08:57] {Threei} It recently came to the attention of the Audit Committee of the Board of Directors that, in connection with one of these acquisitions, the selling shareholders had an agreement among themselves to reallocate a portion of the earn-out payments to an employee of the Company who was not a selling shareholder. Following this discovery, the Audit Committee commenced an inquiry into the relevant facts and circumstances of all of the Companys prior acquisitions to determine if similar situations existed.

[08:57] {Threei} stockholder nightmare

[08:58] {magoo} yea...but 33 points?u think its got a bounce in it?

[08:58] {Threei} thgis is one of those cases that can proceed even lower no matter how far it drops

[08:59] {Threei} will bounce of course

[08:59] {Threei} matter of readability...

[08:59] {Threei} how's that for laughter:

[08:59] {Threei} HURN Oppenheimer Cuts HURN to Underperform from Outperform, price target: $60

[09:00] {magoo} i want that guys job!!!!!

[09:09] {Threei} I've seen this before

[09:10] {Threei} this is not just "gap down"

[09:10] {Threei} this is devastation

[09:10] {magoo} what u think? goin o 5 bux

[09:10] {Threei} stock holders all over the intyernet scream about how unfair to the stock it is and how it's worth much more and how it's going to be back in no time

[09:11] {Threei} and how they buy all they can

[09:11] {magoo} so whos selling then?

[09:11] {magoo} mutuals?

[09:11] {magoo} hedgies?

[09:11] {Threei} and hbow evil market makers shake out weak hands while buyong all they can,

[09:12] {Threei} and how they hold it down so friends and family can load the tracks

[09:12] {dptl} good morning all

[09:13] {Threei} dp :")

[09:13] {fernp} good morning everybody

[09:13] {Threei} fern :)

[09:26] {jfjf64} mornin all my trading crazies

[09:26] {nemo} pot calling the kettle black

[09:26] {Threei} morning jf... but why are you addressing magoo in plural?

[09:27] {jfjf64} lol

[09:27] {jfjf64} lets hit em fast today vad going out on boat

[09:29] {Threei} sounds good, ecept in my experiwence, when you try to hit'e, fast, 'dey hit back even faster

[09:29] {nemo} can only hunt what's there

[09:30] {BillyD} Art of War

[09:31] {Threei} Long Setup: TWNT .25 break if stays above .15

[09:31] {Threei} TQNT

[09:33] {Threei} for hardcore scalpers, if stays above .20

[09:33] {jfjf64} bac.35 break

[09:35] {jfjf64} bac invalid here

[09:36] {Threei} WFC looks stronger so far

[09:36] {nemo} mmmhhh...25 looks like the resistance for tqnt...look at that huge offer again

[09:37] {nemo} and @ .29

[09:37] {jfjf64} .81 trigger F long

[09:39] {Threei} ESLR Hearing vague takeover chatter circulating in name (2.19, +0.09, 4.29%)

[09:40] {jfjf64} buy them clunkers

[09:40] {nemo} stopped tqnt

[09:40] {Threei} no worky TQNT

[09:41] {Threei} Short Setup: WFC .14

[09:41] {Threei} if stays under .21

[09:42] {Threei} under .20

[09:42] {jfjf64} in .13

[09:43] {Threei} 1:1

[09:43] {Threei} feel free to cover

[09:43] {BillyD} ty Vad

[09:44] {jfjf64} ty vadd

[09:44] {patel} ty vadd

[09:46] {Threei} Long Setup: CAT .50 if stays above .35

[09:47] {jfjf64} i hate ya F

[09:47] {jfjf64} IN .51

[09:47] {Threei} {F} and here I am, trying to be the best of your car manufacturers... :(

[09:49] {jfjf64} meow lets go

[09:49] {jfjf64} 1/1 ty vadd

[09:50] {fernp} HIG vad? Double bottom?

[09:50] {Threei} if market helps, pretty much

[09:50] {nemo} need market help

[09:50] {Threei} Long Setup: HIG .83 if stays above .70

[09:51] {Threei} Short Setup: HIG .70 break if stays below .82

[09:51] {jfjf64} ya sittinn cat sold half

[09:51] {Threei} how about that? :)

[09:53] {jfjf64} in .84

[09:53] {Threei} CAT 1:1

[09:53] {Threei} and over

[09:54] {jfjf64} out cat ty

[09:55] {jfjf64} svnt l .95 break

[09:57] {jfjf64} 1/1 more

[09:57] {jfjf64} half out

[09:58] {jfjf64} stop to .15

[09:59] {jfjf64} 1/4 out .35

[09:59] {jfjf64} done

[09:59] {magoo} out CAT .89 TY boss

[10:00] {BillyD} out HIG ty

[10:00] {nemo} ism report vad?

[10:01] {Threei} JULY ISM MANUFACTURING: 48.9 V 46.5E

[10:01] {Threei} **Sub Indices:

[10:01] {Threei} - Prices paid: 55 v 50.0 prior

[10:01] {Threei} - Employment Index: 45.6 v 40.7 prior

[10:02] {jfjf64} .55 break agen

[10:03] {nemo} what's your stop jf .40?

[10:03] {jfjf64} yes

[10:04] {nemo} .56 has huge order too

[10:05] {jfjf64} see

[10:06] {magoo} rewad on RIMM vad?

[10:07] {Threei} .40 break

[10:07] {Threei} with stop under whatever low it puts ikn before breaking, and invalidation under .20

[10:07] {Threei} invalidated

[10:08] {jfjf64} later agen

[10:09] {jfjf64} vad any read osk pullbk can ya find trigger for bounce

[10:10] {Threei} not really

[10:10] {Threei} F.IT Chrylser US Sales down less than 10% - unconfirmed report

[10:11] {Threei} Preview: July US Vehicle Sales numbers expected throughout the day from major auto makers

[10:11] {Threei} **consensus estimates (adjusted):

[10:11] {Threei} - Ford: -6%e (usually released at Noon ET, but today expected at 11amET).

[10:11] {Threei} - GM: -24%e (usually released around 1:45pmET).

[10:11] {Threei} - Chrysler: -33%e

[10:11] {Threei} - HMC: -19%e

[10:11] {Threei} - TM: -20%e

[10:11] {Threei} - NSANY: -29%e

[10:11] {jfjf64} cof c/h??

[10:12] {Threei} .60 break is interesting

[10:13] {jfjf64} ty

[10:13] {jfjf64} vol pk up

[10:13] {jfjf64} in

[10:14] {Threei} half out here

[10:14] {jfjf64} 1/1 ty

[10:14] {jfjf64} all out

[10:15] {jfjf64} +11 +4

[10:15] {jfjf64} tyvad

[10:15] {Threei} sure

[10:23] {jfjf64} fcx .95 break half lot

[10:24] {jfjf64} 25 cent stop

[10:25] {jfjf64} im still valid

[10:25] {nemo} trade, or personally?

[10:26] {BillyD} CAT is strong

[10:30] {magoo} CAT animal..excuse pum

[10:30] {Threei} *S&P500 INDEX MOVES ABOVE 1,000 MARK FOR THE FIRST TIME SINCE NOV 5, 2008

[10:30] {Threei} - Note that the S&P500 closed at 1005.75 on Nov 4, the day President Obama was elected.

[10:31] {Threei} and their point is?...

[10:31] {Threei} anyone is free to read whatever they want in that

[10:31] {jfjf64} 1/1 fcx

[10:32] {Threei} his fans will say market has shown confidence in him by returning to those highs

[10:32] {BillyD} looking at ANDS possible short off .75

[10:32] {jfjf64} stop .15

[10:32] {Threei} his foes will say market went up despite

[10:32] {jfjf64} out

[10:40] {jfjf64} later guys enjoy goin on da boat

[10:40] {Threei} take care jf

[10:40] {ese} Hi all.....Symphony Splash here yesterday.....just got up

[10:40] {Threei} ese :)

[10:40] {Threei} how did it go?

[10:41] {ese} fantastic.....the kids were just great....super show

[10:41] {Threei} :)

[10:41] {ese} anything happening in the market

[10:43] {Threei} gap up... morning movements... quieter now

[10:43] {ese} not to mention that my band parents and I had a room in the Empress Hotel with and amazing view....and we were drinking heavily

[10:44] {patel} how does TC look?

[10:45] {ese} TC ?

[10:45] {patel} Thompson Creek Metals (tick: TC)

[10:45] {ese} ahhhhhhhh

[10:46] {Threei} forms triangle for a break...

[10:47] {Threei} whether it ge4ts markert help for that is the question

[10:53] {magoo} any read HURN vad?

[10:54] {Threei} not really

[10:55] {magoo} how about RIMM?

[10:56] {Threei} rather short than long

[10:56] {Threei} but not enough confidence for the call

[11:00] {Threei} F Reports July vehicles sales 165K, +2.3% v -2%e (unadjusted) (8.61, +0.61, 7.63%)

[11:02] {magoo} any read CAT vad?

[11:02] {Threei} shrug

[11:03] {Threei} Short Setup: F .5 if stays under .60

[11:05] {fernp} no avalible here grrrrrrrrr

[11:06] {Threei} HURN Hearing defended at UBS (timing uncertain) (14.28, -30.07, -67.80%)

[11:09] {Threei} F if works, probably more than scalp

[11:10] {chiro} target on F?

[11:10] {chiro} ty

[11:10] {nemo} look at the gap

[11:10] {magoo} prob .25 area IF IF worx

[11:10] {Threei} hard to tell about ultimate target, going to partial as usual and see how it trades

[11:11] {magoo} jazz

[11:11] {magoo} rip

[11:12] {Threei} on no news again

[11:14] {wulff} seems like a day that the opposite always happens

[11:16] {Threei} guess who is coming on TV

[11:16] {BillyD} lol

[11:23] {ese} L KEY . .20

[11:26] {Threei} GM Reportedly could require additional layoffs to hourly workers - unconfirmed report

[11:26] {Threei} why, we will just send 10 more B o them

[11:39] {patel} come on F

[11:43] {Threei} {F} as a last standing US car manufacturer, I'll reserve right to drop on my own schedule

[11:45] {ese} L mee .10

[11:51] {Threei} keeping an eye on LVS

[12:00] {Threei} CIT Halted: news pending (0.84, -0.03, -3.39%) (related XLF )

[12:01] {ese} out mee .21 +.11

[12:03] {Threei} (US) Study concludes that by 2030 the US will need 45 new nuclear reactors, to cut emissions by 8% - industry sponsored study on emissions

[12:04] {patel} read on F is still the same correct

[12:04] {Threei} nothing changed really

[12:04] {BillyD} except time

[12:05] {magoo} and mkts powers up

[12:05] {BillyD} true, probably only thing holding F up

[12:05] {magoo} if mkthad fell..it was golden, but'

[12:11] {ese} out KEY .31 +.11

[12:15] {Threei} CIT CIT Announces Amendment of Tender Offer and Interim Tender Results

[12:15] {Threei} with the consent of the lenders steering committee for its recently announced $3B secured credit facility, it has amended its pending tender offer for its $1B of Floating Rate Senior Notes due August 17, 2009

[12:15] {Threei} - As a result of the amendment, holders of all Notes tendered prior to the expiration date at midnight, New York City time, at the end of Friday, August 14, 2009, will receive the amended purchase price of $875 in cash per $1,000 principal amount of Notes, as total consideration in the Offer. Previously, the purchase price, which included an early delivery payment, was $825 per $1,000 principal amount of Notes.

[12:18] {Threei} grrr

[12:18] {Threei} slept through LVS break

[12:20] {Threei} (US) Obama Administration: Half of cars bough under "cash for clunkers" have been bought from big three automakers, Ford Focus is the top seller

[12:20] {Threei} - So far 83% of trade-ins are trucks

[12:20] {Threei} - Models being purchased under the program average a 61% increase in fuel economy over trade ins.

[12:29] {Threei} Bank of America Corp Reportedly SEC to files lawsuit over alleged false statements in proxy statement for Merrill Lynch acquisition

[12:29] {Threei} - suit filed in federal court in New York.

[12:30] {Threei} wow

[12:34] {BillyD} HIG short if stays under .30 and breaks .20

[12:34] {Threei} looks right

[12:35] {nemo} mee kept going ese

[12:35] {ese} did it ever

[12:36] {ese} ah well........there'll be more where that came from.

[12:38] {ese} have to sign off everyone.......have another show today at noon.......St Anns Academy Vad.....was a nunery at one time....great place to take pictures and they say that it's haunted....a nun burried under each of the apple trees on the grounds.

[12:38] {nemo} break a hip ese

[12:38] {ese} tks

[12:38] {Threei} take care ese :)

[12:38] {ese} see ya

[12:38] {nemo} I had a comment, but don't want to give Vad the extra editing work

[12:38] {Threei} thank you

06[12:39] * Threei shudders just imagining that comment that gave pause even to nemo

[12:40] {magoo} no brainer..i shorted .40 covered .90 millions ofg shares

[12:44] {magoo} resh .15

[12:44] {magoo} RISKY

[12:44] {Threei} whatcha talking about mags?

[12:45] {magoo} BAC

[12:45] {Threei} ahh

[12:45] {Threei} you think we read your mind or what

[12:45] {magoo} out

[12:45] {magoo} too fast sorry

[12:46] {Threei} interestinbg that it stayed up there for 4-5 minutes after news

[12:46] {magoo} could really dump vad, ltswatch

[12:49] {magoo} RIMM should take 77...

[12:50] {BillyD} HIG stopped -.13

[13:00] {magoo} RIMM

[13:03] {magoo} lies..lies...lies...that thing should not be going up..BAC

[13:03] {Threei} BAC Reportedly settles SEC inquiry for $33M (15.42, +0.63, 4.26%)

[13:07] {Threei} quite quick turnaround of news on BAC

[13:07] {Threei} they got sued today and sxetlled today?

[13:07] {magoo} i think short but not in

[13:07] {BillyD} no kidding, I shorted into the bounce at .28 and stopped .31

[13:07] {Threei} you made a good trade on it

[13:08] {Threei} practically killing in temrs of this stock movement

[13:08] {magoo} yea..

[13:08] {Threei} 50 cents for it is a fantastic profit, especially considering it allows good shares size

[13:08] {magoo} sh .40

[13:08] {Threei} so... just leave it alone now

[13:08] {Threei} lest it turns into well visitred all too often

[13:09] {Threei} and you, Ford... will you die finally?

[13:11] {Threei} 7261.JP Reports US July sales at 19.03K; -15.1% y/y

[13:11] {Threei} that's Mazda

[13:11] {Threei} about F:

[13:12] {Threei} we had nicely profitable morning,

[13:12] {Threei} here is what I suggest you do with this position

[13:12] {Threei} if the way you managed your trades in the morning leaves you enough room to afford this one if it stops us out, keep it

[13:13] {Threei} if this stop will eliminate your profits, scratch it here

[13:13] {Threei} it's at breakeven, no harm done

[13:13] {Threei} makes sense?

[13:13] {Threei} F.IT Chrylser reports July vehicles sales 88.9K units; -9% v -29%e (unadjusted)

[13:15] {Threei} since you all seem to fall asleep, I will be back in 20

[13:19] {magoo} out sh bac flat

[13:20] {magoo} scarin me

[13:22] {magoo} rimm 77

[13:30] {wulff} gracious, CTRP

[13:32] {Threei} (US) White House Press Sec: There is no doubt "several hundred thousand" more jobs will be lost in US economy (related EUR/USD TLT SHY )

[13:40] {patel} New car sales number come out at 2 right

[13:42] {Threei} GM should be next

[13:42] {Threei} 1:45 usually

[13:56] {Threei} GM Reports July vehicles sales 189K units, -19% v -20%e (unadjusted)

[13:56] {Threei} - July production 102K units (39K cars, 63K trucks); -57% y/y

[13:56] {Threei} - Q3 production forecast at 535K ...more...

[13:56] {Threei} NSANY Reports July vehicles sales -24.6% v -25%e (unadjusted) (15.46, +0.97, 6.69%)

[13:57] {Threei} Short Setup: WFC .50 if stays under .60

[14:06] {Threei} invalidated, and as usually lately, fade would have worked

[14:07] {fernp} true

[14:09] {Threei} 7269.JP Reports US July sales at 3.K; -57% y/y

[14:09] {Threei} Suzuki, in case you don't recognize those cryptic names

[14:10] {Threei} 012330.KS Reports July US sales +12%

[14:10] {Threei} Hyundai, lol

[14:10] {BillyD} ONTY some buying

[14:11] {Threei} BMW.GE Reports US July sales at 21.25K; -27% y/y

[14:14] {patel} has Ford reported yet

[14:14] {Threei} long ago

[14:15] {Threei} [11:00] {Alert} Threei F Reports July vehicles sales 165K, +2.3% v -2%e (unadjusted) (8.61, +0.61, 7.63%)

[14:16] {magoo} in a place far far away

[14:16] {nemo} place or galaxy?

[14:24] {Threei} Long Setup: ADBE 33 break if holding above .90

[14:25] {Threei} .95 would be aggressive entry if you want tyo save a few cents

[14:25] {Threei} with usual tradeoff

[14:25] {magoo} full?

[14:25] {Threei} sure

[14:26] {nemo} How do we set up alerts on specific phrases in mirc? I seem to have set it up not to make a sound, an I forgot how I did it. (I feel like Magoo)

[14:27] {Threei} via Highlight

[14:27] {nemo} what menu?

[14:27] {patel} right click on Threei then info

[14:27] {patel} then highlight

[14:29] {Threei} Toyota Motor Corp Reports July vehicles sales at 174.8K, -11.4% v -16%e (unadjusted)

[14:29] {Threei} - President: "Beyond the tangible economic stimulus, the positive environmental benefits of the CARS program is clear to see, The program is achieving its goal of increasing fuel efficiency. CARS-related Toyota sales, over the seven days alone, will save customers an estimated 8 million gallons of gas and 20 million dollars in gas spending over the next year."

[14:30] {nemo} there is no highlight under any of the fueatures whe I right click on Vad

[14:30] {patel} Right click on Threei

[14:30] {patel} then select INFO

[14:30] {patel} then click on Highlight

[14:30] {Threei} invaliadetd ADBE

[14:30] {nemo} don't have it

[14:30] {Threei} different MIRC version...

[14:31] {patel} i am using V 6.35

[14:31] {nemo} me too, oh oh

06[14:33] * nemo slaps Threei around a bit with a large daytrading course

[14:34] {nemo} that was by accident

[14:34] {Threei} sure

[14:34] {nemo} I'm looking for that frickin' feature

06[14:34] * Threei slaps nemo around a bit with a large accident that was waiting to happen

03[14:35] * Looking up nemo user info...

[14:35] {Threei} right click - Ucentral

[14:35] {Threei} dfo you have that?

03[14:35] * Looking up nemo user info...

[14:36] {nemo} there it is

[14:36] {Threei} last button is highlight

[14:37] {nemo} yep, got it. I just forgot where it was

[14:37] {nemo} thanky...Now I'm off for the day P&Q

[14:37] {Threei} I spent 2 minutes looking for it, at my going rate you owe me $16.66

[14:38] {nemo} How 'bout I take you off my DPWFL, or at least put your name in pencil?

[14:38] {Threei} nah, I'll take my chances

[14:42] {Threei} question of the day:

[14:42] {Threei} is today's afternoon more boring that Friday's was or less?

[14:43] {BillyD} tie

[14:43] {Threei} okay, lol

[14:43] {Threei} you take easy way out

[14:43] {BillyD} too much thought...lol

[14:43] {wulff} Are we ending Green?

[14:43] {Threei} most likely

[14:44] {Threei} even though gain is not that big presently so it couldn't get reversed quickly, I doubt that's in cards

[14:45] {Threei} hmm

[14:45] {wulff} would really like to see some down days

[14:45] {Threei} % of idiots is a moving target...

[14:45] {Threei} Seventy-six percent (76%) of U.S. voters now think President Obama is at least somewhat liberal. Forty-eight percent (48%) say he is very liberal

[14:46] {Threei} okay, so far, so good

[14:46] {Threei} now:

[14:46] {Threei} Seventeen percent (17%) of voters say the president is moderate, while only six percent (6%) believe he is conservative.

[14:46] {Threei} so it's 6% now

[14:46] {Threei} lat week something like 18 perents thought we need another stimulus package right now

[14:46] {Threei} so I am lost about exact % of idiots

[14:47] {wulff} the meeting is next monday

[14:49] {dptl} ok.....have a good evening all :)

[14:49] {Threei} take care dp

[14:59] {Threei} US Govt to adjust the "Hope for Homeowners' program with goals for re-launch in early September (related XHB XLF )

[15:00] {Threei} US Treasury quarterly borrowing needs: Cuts estimate from $515B; sees requiring $406B

[15:01] {BillyD} ONTY 6.20 trigger imo

[15:01] {BillyD} take a look vad

[15:02] {Threei} valid play... I wish stop would be closer

[15:02] {BillyD} agree

[15:04] {patel} anyone still in F

[15:04] {patel} i am

[15:05] {Threei} yup

[15:05] {patel} are u looking for partials

[15:05] {Threei} well, originally yes but now time becomes a consideration as well, we are closer and closer to eod

[15:05] {Threei} and I am not going to take it overnight

[15:11] {patel} yeah

[15:12] {patel} defiintiely not

[15:15] {Threei} Castro says abandoning communism is not on the table

[15:15] {magoo} rimm short vad?

[15:15] {Threei} I guess because it worked so wonderfully for them

[15:15] {BillyD} well, for him

[15:15] {Threei} lol

[15:15] {wulff} already there Magoo

[15:15] {Threei} .60 break...

[15:16] {Threei} it's a valid play

[15:16] {Threei} my concern is,

[15:16] {Threei} pushing plays at this time of the day mostly cost us early made profits

[15:16] {Threei} so, if you feel you really like it, take half lot

[15:26] {patel} F is going to take us to the last minute

[15:27] {Threei} market experiences sudden spasm of happiness

[15:28] {Threei} or it's just gas

[15:30] {Threei} Market Internals update at 3:30pmET

[15:30] {Threei} - NYSE volume 885M shares, about even to its three-month average; advancers lead decliners by 5.2:1.

[15:30] {Threei} - NASDAQ volume 1.82B shares, about 1% below its three-month average; advancers lead decliners by 2.1:1.

[15:30] {Threei} - VIX index flat on the day at just under 26.00

[15:34] {Threei} guess what

[15:34] {patel} 1:1

[15:34] {Threei} F over 1:1

[15:34] {Threei} cover half

[15:35] {Threei} or take scalp

[15:35] {patel} same here

[15:35] {patel} i covered half

[15:35] {wulff} +.30 RIMM

[15:35] {Threei} 25 min left

[15:37] {Threei} bidding 1/4 more .32

[15:37] {Threei} stop to above .50

[15:38] {Threei} RIMM short hit 1:1 too

[15:46] {Threei} 1/4 more out

[15:46] {Threei} stop to above .40

[15:46] {Threei} bidding last piece at .24

[15:52] {Threei} your ONTY Billy

[15:52] {BillyD} missed it gr

[15:59] {Threei} okay

[15:59] {Threei} covering last portion here

[15:59] {Threei} .33

[16:00] {BillyD} nice patience

[16:00] {Threei} plus deep coma

[16:00] {Threei} nice start for the week

[16:00] {Threei} thank you all, have a good evening

[16:00] {BillyD} you lost me on it a long time ago with scratch

[16:00] {Threei} see you tomorrow

[16:00] {fernp} good nite all

[16:00] {patel} good ngiht

[16:00] {patel} and thanks for F

[16:00] {patel} patience paid off

Jul 31 2009

The day started well with LVS and WFC shorts. Then a few stops albeit small took us back to about even. RIMM scal near close returned day into slightly positive territory but really, whole day's affair was not even worth the effort. Summer Friday...

Session Time: Fri Jul 31 00:00:00 2009

[08:12] {Threei} Preview: Q2 Advanced GDP Annualized and Personal Consumption due at 8:30 am

[08:12] {Threei} - GDP Annualized: -1.5%e v -5.5% prior quarter (Analyst range from -2.9% to -+0.7%)

[08:12] {Threei} - Personal Consumption: -0.5%e v +1.4% prior quarter (Analyst range from -1.0% to +1.3%)

[08:30] {Threei} *Q2 ADVANCED GDP ANNUALIZED: -1.0% V -1.5%E; PERSONAL CONSUMPTION: -1.2% V -0.5%E

[08:30] {Threei} *Q2 EMPLOYMENT COST INDEX: 0.4% V 0.3%E

[08:30] {Threei} Q2 ADVANCE GDP PRICE INDEX: 0.2% V 1.0%E; CORE PCE Q/Q: 2.0% V 2.3%E

[08:31] {Threei} *(CA) CANADA MAY GROSS DOMESTIC PRODUCT M/M: -0.5% V -0.3%E

[08:37] {BillyD} morning Vad

[08:37] {Threei} Billy :)

[09:04] {BillyD} .

[09:04] {cosmo} good point

[09:04] {Threei} don't even think about ruining our sleep on Friday

[09:04] {Threei} but yeah, excellent point

[09:05] {BillyD} my bad :(

[09:05] {Threei} well timed too

[09:05] {cosmo} yea... i almost had to make the point ....thx BD

[09:07] {cosmo} solars not happy it seems

[09:11] {fernp} good morning everybody

[09:11] {ese} good morning

[09:11] {ese} morning fern

[09:11] {Threei} fern, ese :)

[09:12] {ese} morning vad

[09:12] {Threei} strangest thing happened yesterday ese

[09:12] {fernp} thanks for email, Vad

[09:13] {Threei} sure :)

[09:14] {Threei} temperature ebverywhere I drive (and I had some extensive driving yesterday, freom Ogden point to Langford) was around 25-28C, and up to 33C in Langford,

[09:14] {Threei} while in my area it stayed nice and cool - 22-23

[09:15] {Threei} crossing Island View, you could see temperature on the display in the car dropping right before your very eyes by 5C

[09:15] {BillyD} it's your own little twilight zone vad

[09:15] {Threei} no kidding

[09:16] {Threei} my guests from San Diego begged for days for the relief from the heat,

[09:16] {BillyD} maybe Al Gors said: no global warming for Vad because he doesn't believe

[09:16] {BillyD} Gore

[09:16] {Threei} they commented yesterday that my house is located strategically very well, lol

[09:17] {cosmo} so ...san diegans can't take the heat ... i concur

[09:17] {Threei} so... you don't get what you don't believe?

[09:17] {Threei} I may have to re-think whole Santa thing then...

[09:17] {BillyD} lol

[09:18] {cosmo} Santa in July?

[09:18] {Threei} well cosmo,... they wanted to get away from that, and run here in just the same, lol

[09:18] {cosmo} karma

[09:23] {Threei} keeping an eye on LVS for short setup

[09:25] {JohnK} gm folks

[09:25] {magoo} news fslr vad}?

[09:25] {Threei} john :)

[09:26] {cosmo} drys up

[09:26] {Threei} Thursday, July 30, 2009 4:33:59 PM

[09:26] {Threei} First Solar Inc. Reaffirms FY09 Rev guidance $1.9-2.0B v $1.9Be from 4/29 - conf slides

[09:26] {Threei} - Reiterates FY09 gross margin 31-33%, CAPEX $270-300M

[09:27] {Threei} Thursday, July 30, 2009 4:05:38 PM

[09:27] {Threei} DryShips, Inc Reports Q2 $0.25 v $0.21e, R$245M v $204.1Me

[09:27] {Threei} - Q2 Net voyage revenue $99.9M v $245M y/y v $88.9M q/q

[09:27] {Threei} - Average number of vessels 37.3 v 38.5 y/y v 37.7 q/q

[09:27] {Threei} - Total voyage days for vessels 3,358 v 3,465 y/y v 3,277 q/q

[09:27] {Threei} - Vessels utilization 99.0% v 98.9% y/y v 97% q/q

[09:27] {Threei} DRYS Follow up- Group has reduced CAPEX by canceling 17 new vessels, reducing expenditures by $2B -Investor slides

[09:28] {Threei} DRYS resistance on faily 7.10

[09:28] {nemo} gaelic?

[09:28] {Threei} let's keep an eye on it for the break

[09:28] {Threei} Continue to see large levels of uncertainty in dry bulk orderbook

[09:28] {Threei} - Sees FY09 EBITDA at $601M

[09:30] {Threei} LVS, let's bounce

[09:30] {Threei} don't drop right away

[09:31] {Threei} ugh

[09:34] {Threei} Short Setup: LVS.85 break if stays below 10

[09:34] {Threei} Short Setup: LVS .85 break if stays below 10

[09:35] {BillyD} amazing comeback

[09:36] {BillyD} ANDS

[09:36] {Threei} Short Setup: LVS 9.95 break if stays below 10.10

[09:37] {jfjf64} mornin

[09:37] {magoo} in

[09:37] {jfjf64} in

[09:37] {fernp} in

[09:39] {Threei} (US) White House Advisor Romer: Economy is now seen on the right track -CNBC

[09:39] {jfjf64} syna l .75

[09:40] {Threei} LVS 1:1, half or scalp, your choice

[09:40] {fernp} ty Vad

[09:40] {Threei} welcome

[09:40] {jfjf64} ty vad

[09:40] {JohnK} good trade LVS thx T :)

[09:40] {patel} nice trade

[09:40] {Threei} :who partials, stop to above 10

[09:41] {Threei} welcome guys

[09:41] {magoo} out .77 TY

[09:42] {magoo} pmi numbers coming

[09:42] {Threei} Long Setup: DRYS 7.10 break if holding above 7 for scalpers, above 6.95 for daytraders

[09:45] {Threei} JULY CHICAGO PURCHASING MANAGERS INDEX: 43.4 V 43.0E

[09:45] {Threei} - Prices Paid: 35.0 v 36.3 last

[09:45] {Threei} - New Orders: 48.0 v 41.6 last

[09:45] {Threei} - Employment: 35.3 v 28.9 last

[09:45] {Threei} - Inventories: 25.4 v 34.2 last

[09:45] {Threei} - Supplier Deliveries: 49.6 v 43.1 last

[09:45] {Threei} - Production: 43.3 v 39.3 last

[09:45] {Threei} - Order Backlogs: 32.1 v 37.6 last

[09:46] {Threei} Long Setup: DRYS .95 break if stays above .90

[09:46] {Threei} trying to re-calibrate them on the go

[09:47] {jfjf64} you go vad do ya thing yeaaah

[09:47] {BillyD} lol

[09:47] {magoo} in

[09:49] {Threei} ideally, it would hold .95 now, break 7 and jump

[09:49] {Threei} that would give us half out and stop trail to .94

[09:50] {Threei} LVS, stop to above .90 for the balance

[09:52] {magoo} out drus

[09:52] {Threei} no go DRYS

[09:56] {Threei} LVS 1:2

[09:56] {Threei} holder cover 1/4 more

[09:56] {Threei} AND STOP TO ABOVE .85

[09:56] {Threei} oops, sorry caps

[09:56] {nemo} my ears

[09:56] {jfjf64} ten l .30

[09:57] {jfjf64} break

[09:57] {nemo} rimm Vad ossible short

[09:57] {nemo} p

[09:57] {Threei} bid last piece of LVS just above .50

[09:58] {Threei} done LVS .52

[09:58] {Threei} +.43 or so

[09:58] {nemo} mags will figure it out

[09:59] {jfjf64} ty lvs

[09:59] {magoo} lets see..um, carry the 3...er, um .....

[09:59] {Threei} jf :)

[09:59] {jfjf64} me stop ten

[09:59] {magoo} alz i know ..i got scalpers regrett

[10:01] {magoo} looks like mkts rolling over

[10:01] {jfjf64} grrr was watchin qid grrr

[10:01] {Threei} .short wfc .80 break

[10:01] {Threei} Short Setup: WFC .80 break

[10:01] {Threei} stop above .90 or .95

[10:01] {Threei} 1:1 in a hurry

[10:02] {JohnK} too fast for me

[10:02] {jfjf64} ty .67 out

[10:02] {fernp} missed here

[10:02] {Threei} was breaking as I was typing

[10:02] {nemo} got it

[10:02] {jfjf64} .84 got

[10:02] {Threei} had just couple seconds for entry at .79 after alert

[10:03] {JohnK} T - if you could just connect your thoughts to the computer...

[10:03] {JohnK} there's a helmet :)

[10:03] {_matt} does short shares depend on broker?

[10:03] {Threei} I tried, Jonh... fried three computers in a row in 5 minutes

[10:03] {Threei} yes matt

[10:03] {JohnK} lol

[10:03] {Threei} broker has to have inventory for a particular name

[10:04] {_matt} thanks

[10:04] {Threei} first two dies with not as much as whimper, third one managed to say "what the..."

[10:04] {Threei} died

[10:04] {jfjf64} bounces are comin lets change hats

[10:04] {jfjf64} rimm

[10:05] {Threei} RIMM weas nice short call nemo

[10:05] {Threei} right at upper BB resistance

[10:05] {BillyD} ty Vad WFC

[10:06] {Threei} good reflexes guys

[10:06] {Threei} I though you had all missed

[10:06] {BillyD} pulled it up and hit .79 lucky

[10:06] {magoo} i used it to short aapl, off 164...cov 163.47

[10:06] {Threei} shows you how little adjusted to thinking I am

[10:07] {patel} my entry on WFC was .78

[10:07] {patel} i got a bad fill when i covered

[10:07] {Threei} good enough... 1 cent chasing is not chasing

[10:07] {patel} .67

[10:08] {Threei} hmmm

[10:08] {Threei} how is it bad?

[10:08] {patel} i couldnt short LVS

[10:08] {Threei} low .66

[10:08] {BillyD} lol

[10:08] {patel} lol

[10:08] {BillyD} i was trying for rest at .66 and no hit

[10:09] {patel} for some reason my broker has a low of 24.63 on that candle tick

[10:09] {patel} must be an error tick

[10:09] {Threei} fire your broker

[10:09] {patel} lol

[10:10] {jfjf64} ten l .18 trigger or me

[10:12] {jfjf64} to hell with this ten

[10:14] {jfjf64} syna vad ya lk

[10:15] {BillyD} Vad, think LVS has more if .50 breakdown and satys .65

[10:16] {BillyD} stays

[10:16] {Threei} toughie... not sure

[10:16] {Threei} WFC on the opther hand

[10:16] {Threei} stays very weak even as market bounces

[10:17] {Threei} trying to structure setup on it

[10:17] {jfjf64} that wd be nice lol

[10:20] {Threei} Long Setup: RIMM 77 break if stays above .80, half lot

[10:22] {Threei} prepare for takeoff

[10:22] {jfjf64} in

[10:22] {Threei} ummm

[10:22] {Threei} you see that huge offer at 77?

[10:22] {nemo} magooitis

[10:23] {Threei} that's the reason to wait for break, or at least to see that it scrolls through

[10:23] {jfjf64} im still newbie ty

[10:24] {Threei} like this

[10:25] {Threei} see it melting down?

[10:25] {Threei} not fast enough yet but the idea is the same

[10:27] {magoo} [10:23] {nemo} magooitis

06[10:27] * magoo slaps nemo around a bit with a large trout

[10:28] {magoo} theres a method to magoo madness

[10:28] {Threei} lol

[10:28] {nemo} [10:22] {jfjf64} in

[10:28] {nemo} [10:22] {&Threei} ummm

[10:28] {Threei} anyone ever expected Shakespear to be quoted in this room?

[10:29] {cosmo} he said something about lawyers, as i recall

[10:29] {nemo} Poe makes more sense, huh Raven?

[10:29] {nemo} kill all the lawyers

[10:29] {cosmo} ah

[10:30] {magoo} not convinced mkts can stay green today

[10:30] {magoo} just a feeling

[10:30] {nemo} oogachaka

[10:30] {Threei} if market drops, RIMM is just as valid on the other side of the setup

[10:31] {nemo} R1 is .90

[10:33] {BillyD} Vad, u waiting for mkt drop confirm or just RIMM break .80

[10:33] {Threei} desirably both, with market leading

[10:34] {Threei} if no luck, well

[10:34] {magoo} aapl will follow vads trade BUT in an amplified manner

[10:34] {magoo} =more risk..more reward

[10:34] {Threei} I'll take it anyway... half lot, gotta try

[10:35] {magoo} hey..i am rubbing off on u after all these years lol

[10:35] {nemo} yeah, the rash has finally gone to his brain

[10:36] {magoo} sigh..u used to have my back as we went after vad

[10:36] {nemo} I switch sides depending on which is personally more advantageous

06[10:36] * Threei reaches for the botton on the trout hoster

[10:36] {magoo} notices his trout is missing

06[10:37] * nemo crawls in cave, closes door (brings laptop in case Rimm triggers), pulls blanket over head

[10:37] {nemo} in rimm

[10:38] {Threei} IMF's Kramer: expect US to start recovering decisively in the middle of 2010 - TV interview

[10:38] {Threei} - expects jobless rate to peak above 10% in 2010

[10:38] {magoo} in rimm aapl

[10:38] {magoo} short

[10:38] {Threei} NQ needs to lose 1610

[10:39] {Threei} to send them both down screaming

[10:40] {magoo} magoo sacrifices bull{substitutes his childrens guenie pig as a bull}

[10:40] {JohnK} RIMM?

[10:40] {Threei} AAPL{ not much to hold it down to 164 - 63.80

[10:40] {Threei} and RIMM to 76.50

[10:40] {Threei} just need market help

[10:40] {Threei} John?

[10:41] {magoo} shorted RIMM lloss .80 john, aapl loss .50

[10:41] {magoo} RISKY..gotta keep stop

[10:42] {Threei} so far so good... next breakdown is coming

[10:42] {nemo} 1:1

[10:43] {magoo} f off mkt

[10:43] {Threei} sheesh

[10:43] {Threei} what was that?

[10:43] {magoo} really

[10:43] {BillyD} out rimm here

[10:43] {magoo} jesus christ..perfect setup

[10:44] {magoo} huge candle up

[10:45] {cosmo} i heard it was a 'sting', mags

[10:48] {Threei} die RIMM

[10:51] {BillyD} die RIMM for my friends

[10:51] {nemo} fall on your frickin' pda, fur crisssakes

[10:51] {Threei} {RIMM} you all don't like me :(

[10:51] {nemo} long line there vad

[10:55] {nemo} mmmmhhhhh Qs might have to test morning high before RIMM makes a decision

[10:55] {Threei} no kidding

[10:55] {nemo} Captain Obvious?

[10:55] {Threei} shake us out, then fail miserably

[10:56] {fernp} have to go. see u all on monday. have a great weekend everyone

[10:57] {BillyD} u 2 fernp

[10:57] {Threei} take care fern, have a good one

[10:58] {magoo} the ole dupe

[11:06] {magoo} vad smacker down

06[11:06] * Threei hits RIMM over the head with 2x4

[11:06] {nemo} violence never solved anything

[11:06] {nemo} then again, it feels good

[11:07] {patel} what kind of stop u looking at in the RIMM short

[11:07] {Threei} sbove 77

[11:11] {Threei} JPM Chief Economist: Raises Q3 economic forecast for US GDP to 3% from 2.5% prior forecast - CNBC interview

[11:11] {Threei} - Puts 2012 unemployment at 8% or above

[11:11] {nemo} wow, going out on a limb

[11:11] {Threei} this all looks like we are nearing to top of the cycle

[11:11] {Threei} big run up in the market, now all soundbites become more and more optimistic

[11:12] {Threei} "end of recession" becomes a common phrase everywhere

[11:12] {nemo} yeah, the other clause in the sentence is "beginning of the depression"

[11:12] {Threei} fells like the only thing that is holding market up at this point is premature shorts

[11:13] {nemo} don't forget the PPT

[11:13] {Threei} I'll leave myth field to you :)

[11:13] {Threei} I still have that Santa thing to sort out

[11:14] {nemo} thanks....on another note....AMZN looks like going to test it's high too

[11:14] {patel} if RIMM stops us out

[11:14] {patel} could long be a choice

[11:15] {Threei} hard to tell... chances of both being a shakeout are 50/50

[11:19] {Threei} Short Setup: WFC .50 break if stays below .60

[11:22] {nemo} pulling teeth today

06[11:24] * Threei hands nemo pliers

[11:25] {nemo} .47 is S1 on WFC...I'd rather a hammer and chisel

[11:30] {magoo} feels likke down..BUT really tough..trying to rinse us

[11:30] {nemo} it's at major support

[11:31] {magoo} nah..if mkt falls..it falls

[11:32] {magoo} mkt wont fall

[11:32] {magoo} is problem

[11:35] {patel} come on market

[11:36] {nemo} market's gonna make a run

[11:44] {nemo} ooh WFC wedging upward, oy

[11:46] {Threei} lol

[11:46] {Threei} it's truyly amazing how many things one can find in 3-5 cents range

[11:46] {nemo} I'm murder on a Rorschach test

[11:46] {BillyD} lol

[11:47] {Threei} I am very predictable in those

[11:47] {nemo} breasts?

[11:47] {Threei} you really want me to spend time editing log after hours, don't you

[11:48] {nemo} I didn't use a scatalogical euphemism

06[11:58] * Threei places a pillow on his desk, looks at it critically, moves it a bit to the right... to the left...

[12:00] {magoo} obama on tv 1 pm

[12:01] {chiro} RIGL has no friends let

[12:02] {Threei} I don't see anything fresh on RIGL

[12:08] {magoo} vad, im confused..do u want more and others besides nemo to post profanity here?

[12:08] {chiro} went long at 8.14 ...out most now

[12:09] {Threei} firat of all I want you two to stop drinking that early in the day

[12:09] {nemo} I don't drink

[12:09] {magoo} im east coast

[12:09] {nemo} me too

[12:09] {nemo} I'm even east of Magoo

[12:09] {magoo} its not that that early

[12:09] {nemo} Actually, can't get much more east than me

[12:10] {nemo} frickin fcx

[12:13] {_matt} if rimm stops me out at .01 what is your opinion on taking a long position at that?

[12:15] {Threei} 11:14] {patel} if RIMM stops us out

[12:15] {Threei} [11:14] {patel} could long be a choice

[12:15] {Threei} [11:15] {Threei} hard to tell... chances of both being a shakeout are 50/50

[12:15] {Threei} same opinion still

[12:15] {Threei} nothing changed in an hour

[12:15] {patel} how can i view timestamps in IRC

[12:16] {Threei} right click on the button saying #discussions in the uppoer bar

[12:16] {BillyD} click on menu at top of window and turn it on

[12:16] {Threei} Timestamp

[12:16] {patel} okay thanks

[12:22] {_matt} if it goes long would stop of below .88 correct base on recent activity?

[12:22] {Threei} unless it goes below that before hitting 77, yes

[12:23] {_matt} thank you

[12:31] {ese} i'm still here just watching you all.....have company visiting.......low key day for me

[12:33] {patience} i'm too zenned out after spending 3 days body surfing at long beach ese....no trading...not quick enough today

[12:39] {ese} how was the weather up there

[12:40] {Threei} okay market

[12:40] {Threei} it's time

[12:41] {Threei} (I think)

[12:41] {magoo} manm..syna crushed

[12:49] {ese} signing off everyone.....see you all mon or tues......take care

[12:50] {Threei} take care ese

[12:51] {Threei} President Obama reportedly holding talks with CEOs of VZ, WMT, NUE, and SBUX (related VZ NUE SBUX WMT )

[12:51] {Threei} huh?

[12:51] {Threei} what could p;oassibly president want with SBUX

[12:51] {BillyD} a coffee

[12:51] {Threei} yeah, I guess

[12:52] {magoo} wants to change their flavor blend

[12:52] {Threei} when I want coffee I talk to a girl behind the counter... not CEO {G}

[12:52] {BillyD} you are no fun

[12:52] {Threei} I am - I just don't consider CEO to be fun

[12:53] {Threei} RIMM... you needed just 10 more cents to be 1:1er

[12:58] {magoo} extremely frustrating day

[12:59] {Threei} that's because you are trying to stay awake

[13:00] {Threei} let yourself slip into nirvana

[13:01] {nemo} shouldn't you be in a coma this time of day?

[13:01] {Threei} I am

[13:02] {nemo} whoa, look at the $ today

[13:11] {nemo} wfc just dancing along that support line

[13:13] {magoo} ego maniac coming up on tv

06[13:15] * Threei cancels his upcoming TV appearance

[13:15] {_matt} give rimm the trout on the beach award

[13:20] {magoo} judt get on with it rimm and ddddddddddiiiiiiiiiiiiiiiiiiiiiiieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[13:21] {Threei} said magoo unemotionally

[13:28] {Threei} President Obama: Last 3 months, the economy has done 'measurably better' than expected

[13:28] {Threei} - Notes that the jobs report will show unemployment stabilized; but the US will likely continue to lose more jobs

[13:28] {Threei} - Comments that when assumed office, the recession was deeper than anyone believed

[13:33] {magoo} u think if i take a leak it will fall...always does when im long :)

[13:34] {Threei} I learn so much here every day

[13:35] {BillyD} who ever thought RIMM would hold you hostage

[13:35] {Threei} shows the degree of swampiness

[13:41] {Threei} took EFC what, just couple hours to make it across 10 cents range?

[13:41] {Threei} WFC

[13:52] {magoo} rimm can f off

[13:52] {nemo} hehe got to edit the log again

[13:53] {Threei} sigh

[13:53] {magoo} wait 3 hours to get stopped

[13:53] {Threei} lol

[13:53] {Threei} adds insult to ingury

[13:53] {Threei} or whatever

[13:57] {magoo} my shorts no work..my longs no work..my bro dino no work..SIGH

[13:57] {nemo} time for the FADC

[14:00] {_matt} :(

[14:18] {Threei} Long Setup: CEDC 29.02 break

[14:18] {Threei} if stays above 21.90

[14:18] {magoo} wait a minute..hostage situation? lol

[14:19] {wulff} 8 points?

[14:23] {Threei} invalidated

[14:23] {nemo} so, go short?

[14:23] {Threei} 20 PAL Ticking higher after positive mention by CNBC guest

[14:23] {Threei} - cites strength returning to the auto market (palladium is used in catalytic converters

[14:23] {nemo} nah

[14:24] {magoo} rimm..so i take 03 long

[14:24] {magoo} no go AGAIN

[14:25] {magoo} smasdhing stuff here

[14:25] {Threei} market is still locked

[14:25] {Threei} why try to trade market fol,lowers?

[14:25] {magoo} because im down

[14:25] {Threei} 3 hursago we didn't know that

[14:25] {Threei} but why repeat it now?

[14:25] {Threei} oh, that's great reason to trade

[14:26] {magoo} valid setups..uif rimm had gone thru 77 and hit 77.17..u would have mentioned

[14:27] {Threei} I was asked about this specific one twice

[14:27] {Threei} and said it was 50/50

[14:27] {cosmo} HLIT?

[14:27] {magoo} ive never ever seen rimm so locked./.im ytrying to catch its move

[14:28] {wulff} I am already short

[14:28] {jfjf64} cof l .73 trigger

[14:42] {wulff} lookout blow

[14:42] {wulff} below

[14:44] {nemo} vad's gonna' have to edit again

[14:45] {magoo} at least he cant kick nemo out now...wulff guilty too

[14:45] {wulff} what?

06[14:46] * nemo washes wulffs mouth out with a large bar of soap

[14:46] {BillyD} you guys are too funny

[14:46] {nemo} boredom breeds insanity...don't have to scratch too deep on me

[14:46] {Threei} I find it easier not to post today's blog than go over it catching all your gems

[14:47] {magoo} ah..the lazy way out lol

[14:47] {nemo} duh...all you have to do is record the time signature

[14:47] {Threei} uhhu

[14:47] {nemo} frankly, the way today's gone, why bother anyway

[14:47] {Threei} that's exactly how I want to spend my trading day

[14:47] {nemo} post-trading day

[14:47] {Threei} writing down on the paper: 10:38. nemo. dlete

[14:47] {Threei} 11.16. magoo. dlete

[14:48] {Threei} 11"25. tk wrtng lessns frm jf and wrte dlt from no on

[14:48] {nemo} maybe you could set us up like the "dark pools" where we don't show up on the tape, only real-time in merc

[14:49] {jfjf64} fas l .20

[14:49] {nemo} Well, dark pools don't show up at all

[14:49] {nemo} mmmmhh DB on FCX?

[14:49] {Threei} or, I can posts it as it as so decent folks coming here know who to stay away from {G}

[14:49] {Threei} yup... that's what I'll do

[14:51] {nemo} aren't you gonna' ask him mags?

[14:51] {Threei} ask me??

[14:52] {Threei} why would magoo do that, he knows I am straight

[14:52] {nemo} huh? what? no, the question he asks you around this time of day several days a week

[14:54] {nemo} O.K. Fine!!! "Rip or Rot, Vad?"

[14:54] {cosmo} HLIT tests 7 soon

[14:55] {Threei} this would be my favorite chart of the day cosmo, if it were normal day during normal trading season

[14:55] {cosmo} maybe last hour is normal

[14:56] {nemo} Friday afternoon last day of July

[14:56] {Threei} [14:55] {cosmo} maybe last hour is normal {--- this takes the prize as the best joke of the day

[14:56] {nemo} frickin' cosmo

[14:56] {Threei} beat you and magoo to the pulp

[14:57] {cosmo} and its always lunchtime too

[14:57] {nemo} hit the FADC already Cosmo?

[14:57] {cosmo} ?

[14:57] {nemo} Friday Afternoon Drinking Club

[14:57] {Threei} today, unless we find couple nice wins before day ends, will interrupt our long winning series

[14:58] {Threei} running for about two-and-half - three weeks

[14:58] {nemo} figures, I'm a hair above b/e

[14:58] {Threei} yeah, depending on how you managed opening plays you are about flat or slightly down

[14:59] {cosmo} well... i might have a beer.... but only one

[14:59] {nemo} yeah, I doubletapped on a sell, or I might have made out a little better

[14:59] {Threei} which is actually good... gotta give something to gods of odds theory

[14:59] {nemo} that would be your patron spirit "god of the odd"

06[15:00] * nemo giving cosmo run for his money

[15:00] {Threei} nah

[15:00] {nemo} that was expected

[15:00] {Threei} cosmo's one still a winner

[15:01] {cosmo} barely

[15:01] {nemo} nah, you won fair and square

[15:01] {Threei} that was stylish and old-schoolish

[15:02] {nemo} the blatant absence of any touch with reality had me in stitches too

[15:02] {cosmo} oh...schucks...

[15:02] {nemo} won't have to edit that Vad

[15:04] {cosmo} HLIT firm fwiw

[15:04] {Threei} not editing anything

[15:04] {Threei} leaving it all as it is, and letting you take the shame

[15:04] {nemo} I have none

[15:05] {Threei} (providing your vocabulary includes the word)

[15:05] {Threei} oh, never mind

[15:07] {wulff} RIMM .65 short for those who are interested

[15:12] {magoo} finally got rimm rihgt..shorted that last loss 77 to .76

[15:13] {magoo} but still..hasnt pulled back much in relation to Q or AAPL

[15:17] {magoo} SYNA read vad??

[15:18] {Threei} .60 short ... but would nbeed tighter range

[15:18] {Threei} or try to find short entry on the bounce

[15:19] {cosmo} hlit goes ....'bye buy'

[15:19] {cosmo} maybe

[15:20] {BillyD} 1 penny at a time cosmo

[15:21] {cosmo} 1909 s

[15:22] {Raven} 1909 s vdb

[15:22] {cosmo} picky...

[15:22] {Raven} thx

[15:23] {nemo} look at fcx wtf

[15:23] {Raven} Michael will ride the Prancing Horse once again, cosmo

[15:24] {cosmo} ...but beware the wooden nickle...

[15:24] {BillyD} gotta run, have a good wknd everyone

[15:24] {Threei} take care Billy

[15:24] {Raven} nickel?

[15:25] {cosmo} got ahead of myself

[15:26] {Raven} lol

[15:32] {Threei} great... now RIMM does it

[15:32] {Threei} by stopping us out by 5 cents

[15:34] {wulff} 15:03 wulff RIMM .65 short for those who are interested

[15:35] {magoo} nice wulffy

[15:42] {wulff} right on schedule

[15:44] {cosmo} should hold .95

[15:46] {wulff} unless it doesn't

[15:47] {nemo} thanks yogi

[15:49] {cosmo} ok then, it needs to hold .95 ...lots of small block vol is good ...no?

[15:51] {nemo} that might be about it on RIMM with that volume spike

[15:51] {Threei} yeah, some covering should come

[15:52] {Threei} .80 vbbreak

[15:52] {Threei} long for scalp

[15:53] {Threei} stop under .70

[15:54] {Threei} 1:1

[15:55] {Threei} anyone?

[15:57] {wulff} +1.0 short RIMM,

[15:57] {magoo} me

[15:57] {magoo} ty

[15:58] {Threei} okay guys, just slightly positive here,

[15:58] {Threei} depending on your share size and managing the trade you are anywhere from slightly negative to flat to slightly iup

[15:58] {Threei} and bored to death

[15:58] {Threei} thank you all, have a great weekend, see you on Monday

[15:58] {chiro} ty

[15:58] {magoo} u too