Apr 06 2010

About flat day for us, as a few nice profitable trades met a few stops, and they ended with a draw. Really need to get to that 11K and be done with it, suspense is a killer.

Session Time: Tue Apr 06 00:00:00 2010

[02:23] {KSystems} good morning

[08:29] {Threei} (EU) ECB's Kranjec: Sees higher borrowing costs for euro zone banks

[08:29] {Threei} - Says ECB announced measures will stop one-year lending without limits and that the maturity of sources will shorten and banks will have to seek funding on the markets

[08:32] {Threei} WATG Guides Q1 Rev ahead of $63M (10.85, 0.00, 0.00%)

[08:35] {Threei} (GR) Greece confirms IMF delegation visit for 'regular cooperation'

[08:35] {Threei} ***Reminder: Earlier today there was press speculation that an IMF delegation would arrive in Greece on Wed to provide technical assistance and review finances (see our 3:57am ET headline)

[08:37] {Threei} US) Treasury's profit from US banks repaying loans as part of TARP to yield $10B profit; Bailout for auto sector and AIG to result in $117B overall loss for the TARP program - FT

[08:37] {Threei} - Says loans to Goldman Sachs and American Express yielded the biggest amount of profit.

[08:38] {fernp} Good morning everybody

[08:40] {Threei} fern :)

[08:46] {Threei} PUDA Brean Murray Initiates PUDA with Buy, price target: $17

[09:02] {dptl} good morning all

[09:03] {ese} good morning

[09:03] {Threei} dp, ese :)

[09:03] {ese} dddddddddddppppppppppppp!!!!!!!!!!

[09:03] {ese} good to have you hangin again!

[09:04] {dptl} :) ese....ty ...it's good to be here again

[09:11] {Threei} BUNDS 10-year Greek/German spread at 400bps; widest since Euro currency launch in 1999 (related EUR/GBP EUR/USD EUR/CHF EUR/JPY GILTS NBG SOVRX )

[09:17] {dino} gm all

[09:18] {ese} dino

[09:19] {dino} :)

[09:22] {Threei} dino :)

[09:22] {strider} morning all.

[09:23] {Threei} strider :)

[09:24] {dino} fun, cpby, ca, mee

[09:24] {strider} :)

[09:25] {Threei} Europe issue resurfaced with vengeance, and is killing the market

[09:25] {shorty} gm all

[09:25] {Threei} shorty :)

[09:25] {jfjf64} mornin

[09:25] {lasertrev} morning

[09:27] {Threei} jf, trev :)

[09:29] {larisa} gm :)

[09:29] {Threei} larisa :)

[09:30] {Les} morning

[09:31] {Threei} les :)

[09:31] {Les} I see my failure to trade the news yesterday, in reviewing log and charts. nice setups. my bad

[09:32] {nemo} did the market open?

[09:32] {dino} y

[09:33] {nemo} it was sarcasm

[09:33] {jfjf64} vxx vad

[09:33] {strider} +.25 MEE scalp

[09:33] {strider} short

[09:33] {dino} gj

[09:34] {Threei} Long Setup: VXX .45 break if stays above .35

[09:35] {Threei} TIVO Reportedly DISH and Echostar request en banc (panel) review by US Appeals Court of TIVO patent ruling (17.21, +0.35, 2.08%) (related DISH )

[09:36] {Threei} watch LVS for pullback to about .25

[09:36] {Threei} .20 - .25 is long entry zone

[09:37] {Threei} if doesn't lose .30, can be a gfreak play at .40, much more risky though

[09:37] {Les} pcx

[09:38] {RonS} x ??

[09:39] {Threei} who went for break on LVS, 1:2

[09:39] {Threei} get out

[09:39] {jfjf64} ty

[09:41] {Threei} FCX, long half lot on pullback near .15-.20

[09:41] {dino} mos sm l .75

[09:42] {Threei} and LVS second play probably

[09:42] {Threei} ugh, late

[09:44] {Les} vxx no go

[09:44] {fernp} stopped VXX

[09:45] {dptl} stopped vxx

[09:45] {shorty} stoped vxx

[09:45] {larisa} now vad knows for sure :)

[09:45] {Threei} what about?

[09:45] {larisa} lol

[09:45] {Threei} anyone got stopped VXX btw?

[09:45] {Les} :P

[09:46] {strider} not me.

[09:46] {nemo} not me

[09:47] {Threei} watching LVS again

[09:47] {jfjf64} .35 cross

[09:47] {Threei} .30 was my idea but happened too fast

[09:47] {dino} air pockets

[09:47] {dino} xrtx l .45

[09:50] {dino} stop to .58

[09:51] {dino} out xrtx .571, +.121

[09:51] {Threei} CA) Bank of Canada Carney: Housing firmly valued and not a bubble

[09:52] {Threei} what's with SAY?

[09:52] {Threei} I see no news

[09:53] {Les} SLW 17 break if GDX obliges?

[09:54] {Threei} I'd prefer aggressive entry

[09:54] {Les} 1st sign of strength?

[09:54] {Threei} yes

[09:56] {Threei} Long Setup: DNDN half lot .60 break

[09:56] {Threei} if stays above .50

[09:56] {nemo} missed

[09:56] {dino} mos to .15

[09:56] {Threei} who got it, take scalp

[09:56] {Threei} too fast spike

[09:58] {Les} why is spot gold higher and gdx lagging?

[09:58] {dino} to .20

[09:58] {nemo} miners does not equal gold

[09:58] {Threei} ZANE?

[09:59] {Threei} why don't I have any news for all this flying crap

[10:00] {Threei} RNO.FR Follow up: Reportedly French ministers have approved Daimler/Renault/Nissan partnership

[10:02] {dino} out mos +.45

[10:02] {dino} 17 m contract

[10:02] {dino} zane

[10:02] {Threei} ty... for some reason, not on my wire

[10:03] {dino} np dude

[10:03] {Threei} I assume SAY has something too

[10:03] {dino} not here

[10:03] {Threei} ICGE, another one

[10:03] {dino} darn ca was waiting at .51

[10:05] {dino} tstc luv today

[10:06] {Threei} Long Setup: UNG .65 break

[10:06] {Threei} if stays above .60 for scalper, .55 day traders

[10:08] {dino} ctrp gap fill

[10:08] {Threei} TEAR Strength attributed to a company profile posted on a biotech industry website

[10:08] {Threei} - highlights the company's diagnostic test for dry eye disease (DED). (2.70, +0.20, 8.00%)

[10:08] {Threei} Long Setup: AET .80 if stays above .70

[10:11] {Threei} not a scalp for me

[10:11] {dino} db

[10:12] {jfjf64} thinkin lk ya scare myself sensi

[10:12] {nemo} what isn't

[10:15] {Threei} WFC...

[10:16] {Threei} .99 is 52 week high

[10:17] {Threei} wanna try?

[10:17] {Threei} Long Setup: WFC 32 if stays above .90

[10:17] {Threei} big sizes too

[10:18] {strider} in .97

[10:18] {Threei} I dunno about such entry in this case... I'd prefer to see 32 getting hit and melting down

[10:19] {strider} It did get hit.

[10:19] {Threei} not what I mean

[10:19] {Threei} you see those sizes?

[10:19] {dino} ctrp sm l .40

[10:19] {nemo} offers getting hit and chipped away

[10:19] {Threei} I don't consider a few 100 shares buys "getting hit"

[10:19] {Threei} it needs start scrolling

[10:20] {Threei} AET new highs slowly

[10:23] {Les} zane makes contact with with 50ma. maybe secondary b/o here

[10:23] {dino} here's a hit, sssssslllllaaapppppppppppppp

[10:23] {Threei} scalpers get ready for AET, day traders offer half

[10:23] {Threei} 1:1

[10:24] {Threei} stop to b/e

[10:24] {dptl} out ty

[10:25] {Threei} :)

[10:25] {shorty} :D

[10:25] {fernp} ty Vad

[10:26] {Threei} welcome

[10:26] {Threei} what do you know, scalpers win

[10:26] {Threei} again

[10:26] {shorty} taking my daughter to school see you in a bit

[10:26] {nemo} wow, tight day

[10:29] {dptl} wfc still good?

[10:29] {Threei} sure

[10:29] {fernp} Vad kick WFC, pls

[10:29] {Threei} another proud bird?

[10:29] {Threei} not flying unless kicked?

06[10:29] * Threei kicks WFC in the rear

[10:30] {fernp} ty

[10:30] {Threei} look UNIS

[10:30] {dino} \xrtx l .55 stop lod

[10:31] {Threei} CMCSA US Appeals court reportedly rules Comcast cannot restrict bandwidth or interfere with customers utilizing peer to peer programs (18.83, +0.01, 0.05%) (related TWX )

[10:32] {Les} TWX 32 break interest you vad?

[10:32] {Les} with some vol.

[10:33] {Threei} can't tell

[10:35] {nemo} fas taking off

[10:36] {dino} enco

[10:36] {dptl} .90 stop wfc right?

[10:36] {Threei} we have a digestion day

[10:36] {Threei} just under dp

[10:36] {dino} enco

[10:37] {Threei} another one I have no news for dino

[10:37] {dino} must be the report, was delayed

[10:38] {dino} seems excessive

[10:39] {dino} can't borrow

[10:39] {Threei} probably a good thing, lol

[10:39] {dino} wanted dt

[10:42] {Threei} (GR) IMF: Visit to Greece intended for technical assistance

[10:43] {dino} ctrp to .84

[10:43] {Les} strange. rumours abound Greeks t rying to oust IMF for Euro bailout to avoid harsh fiscal reforms

[10:44] {dino} whats so strange about that

[10:44] {dino} i'd do same thing

[10:44] {Les} Greeks don't want IMF, Europe doesn't want to touch Greece.

[10:44] {dino} out ctrp +.44

[10:45] {strider} gj, dino.

[10:45] {dino} ty

[10:46] {dino} rog

[10:47] {Threei} hard to get a read on the market here guys

[10:47] {Threei} can get stuck for a long while

[10:48] {Threei} maybe let's lighten on WFC

[10:48] {Threei} PMTI Ticks higher after report from FDA on its laser surgical instrument in dermatological uses (12.09, +1.05, 9.51%)

[10:48] {Les} continuing .90 as stop?

[10:49] {Threei} can be trailed to under .95

[10:49] {Threei} FDA has granted marketing approval for laser surgical instrument in dermatological uses

[10:51] {Threei} CIGX Hearing strength attributed to positive comments from analysts (timing uncertain) (2.94, +0.11, 3.89%)

[10:51] {dino} mos app lod

[10:52] {Threei} - Rothman analyst believes CIGX will shortly unveil new product in partnership with VTIV.

[10:52] {dino} ca l .75

[10:54] {Threei} CA Hearing Deutsche Bank adds to short term Buy List

[10:54] {dino} ty

[10:58] {dino} stop to .79

[10:59] {dino} wall at .86

[11:02] {ese} L pten .70

[11:04] {dino} to .86

[11:04] {dino} out +.11

[11:04] {dino} ca

[11:12] {dptl} .

[11:13] {Threei} don't point at me

[11:13] {Threei} point at the stalled market

[11:13] {Threei} even as you do have a point

[11:13] {Threei} and a fine point it is

[11:14] {fernp} FAZ .45 break, you think is valid breakdown, vad?

[11:14] {Threei} 51/49

[11:15] {Threei} I'd say, it's a risk based setup

[11:15] {Threei} i.e., worth taking simply because risk is so small

[11:15] {ese} L wynn .03

[11:15] {fernp} ok

[11:17] {ese} out wynn .09 +.06

[11:17] {dino} ca, darn

[11:17] {dino} pwrd lod

[11:17] {Les} yeh I stopped out flat. .81. stupid

[11:17] {dino} pulper

[11:17] {nemo} yeah, I was wondering why you got out at .86 on the break of that range

[11:18] {dino} size

[11:18] {dino} scalp planned

[11:18] {nemo} ahh

[11:18] {dino} plan the trade treade the plan

[11:18] {dino} trade]

[11:18] {dino} wow, can't type

[11:19] {Threei} welcome to the club

[11:19] {ese} no thats good ...."tread on the plan"

[11:19] {dino} ty

[11:19] {dino} esssssssssssssssssse

[11:19] {dino} tstc feels like wants hod

[11:20] {ese} and it's gettin it

[11:20] {dino} with me

[11:20] {Threei} Toyota Motor Corp Plans to maintain heavy sales incentives in the US for the balance of April - Seattle Times (update)

[11:20] {Threei} - Toyota Motor Corp. says it will continue offering discounted leases on up to eight models, including the Camry, Corolla and RAV4. It will also offer zero-percent financing on up to six vehicles and is expanding a two-year free maintenance program to all customers.

[11:21] {ese} target for pten is 15.00 for me but it's taking forever o get there....i like yours better dino

[11:21] {ese} ahhhh finally moving

[11:21] {fernp} 1:1 FAZ ty Vad

[11:21] {dino} time will tell

[11:22] {dino} xrtx stuck in mud

[11:24] {ese} dag gone it....stopped pten .65 -.05

[11:25] {Threei} :)

[11:25] {dino} bummer

[11:25] {Threei} this market is incredibly good at eliminating bears as population

[11:25] {ese} quel drag!

[11:25] {Threei} whiping out actually

[11:25] {dino} hunting season

[11:26] {Threei} just imagine the sigh of relief as they see gap down,

[11:26] {dino} what is a gap down, lol

[11:26] {Threei} and next thing they know, relentless pressure resumes after open

[11:26] {Threei} SPY just went green

[11:26] {Threei} DJI is just 12 points in red

[11:27] {dino} maybe 11k today

[11:27] {Threei} WFC 1:1

[11:27] {Threei} took its sweet time, lol

[11:27] {fernp} yeah

[11:27] {dptl} out +.10 ty wfc

[11:27] {Threei} welcome

[11:27] {dino} gj

[11:28] {Threei} took a lot of patience

[11:28] {Threei} or coma

[11:28] {Threei} (US) Fed's Fisher: No need to tighten policy at the moment, seeing no price pressures currently - WSJ

[11:28] {dino} c'mon xrtx, everyday you go .40 to .90

[11:28] {Threei} SPNC Ticks higher on FDA disclosure of 3/26 grant of marketing approval for Torqmax Catheter Introducer Kit (7.71, +0.32, 4.33%)

[11:29] {Threei} why would they disclose approval today?

[11:33] {dino} giddy-up

[11:33] {Les} missed x .50 break. watch 71

[11:34] {Threei} 1:2 is coming WFC

[11:35] {Threei} came

[11:36] {Threei} I am out

[11:36] {Threei} it was really trying

[11:37] {Les} X .95 break?

[11:37] {Threei} if I had any doubt about 11K before today, I have none anymore

[11:37] {Threei} barring some nasty news

[11:38] {larisa} good, we can sell now :)

[11:38] {Threei} probably les

[11:38] {Threei} we can... maybe not today, but it will be tagged and broken,

[11:38] {Threei} and more than that - it won't be the end of it

[11:38] {nemo} yeah, there's really no pullback in this market

[11:39] {Threei} btw larisa, I thought about your dilemma yesterday, and I believe I found the root of your problem

[11:39] {Threei} here it is:

[11:40] {Threei} carrot juice is not an appropriate tool for killing brain cells

[11:40] {dino} uh oh

[11:40] {larisa} yes, they just become yellow..

[11:40] {Threei} yeah... but alive and well

[11:41] {Threei} US) EPA Official: Looking to release proposals for regulating greenhouse gas emissions by the end of April

[11:41] {nemo} wouldn't it be funny if the dow kept climbing to a new all time high

[11:41] {Threei} oh good

[11:41] {Threei} this one is somewhat funny

[11:41] {Threei} Thestreet.com, Inc. GNBT files $250M lawsuit against the company

[11:41] {Threei} - commenced legal proceedings against TheStreet.com, Inc. and Adam Feuerstein in the Supreme Court of the State of New York seeking $250,000,000 in damages for business defamation, product disparagement, and injurious falsehood. The claims arise out of articles authored by Feuerstein and published on TheStreet.com website on March 19 and March 26, 2010.

[11:42] {Threei} - Generex contends that the articles disseminate numerous defamatory statements about the Company, its management, and its flagship product, Generex Oral-lyn, and that the articles put forward several ostensible statements of fact that are, in truth, misleading or outright misstatements made with malicious intent or with a reckless disregard for the truth.

[11:42] {Threei} - Note: GNBT demanded a retraction of the story on 3/23

[11:42] {dino} reminds me of acas

[11:42] {dino} protest too much

[11:43] {Threei} or OSTK

[11:43] {dino} yes

[11:43] {dino} lol .51/sh

[11:43] {Threei} which btw had an incredible run over last week

[11:46] {Les} PXD 62 break?

[11:49] {Threei} right chart... wrong time

[11:56] {RonS} news: wall street black boxes auto-shutdown en masse from boredom

[11:56] {Threei} rofl

[11:56] {Threei} (US) Fed's Lacker: Dodd financial reform bill unlikely to help market stability; could cause instability - CNBC

[11:56] {Threei} this presents interesting dilemma

[11:56] {Threei} who do we trust more, Fed or senator

[11:58] {RonS} hey JOEZ, where you goin with that gun in yer hand

[11:59] {Threei} last news on March 30

[11:59] {Threei} Joe's Jeans Inc. Enters $5.5M footwear licensing agreement

[11:59] {Threei} - Signed a new license agreement with Burano LLC to manufacture and distribute Joe's branded footwear for women. The initial term of the agreement is for three years with minimum net sales commitments of $5.5 million over the term.

[11:59] {dino} jomamma

[12:00] {Threei} shift in nuclear strategy on TV

[12:00] {dino} iran gets one and we dismantle, real smart

[12:01] {RonS} makes sense, women always want a joe under their heal...

[12:01] {RonS} Jack Bauer?

[12:01] {dino} lol

[12:04] {RonS} sheesh, heal=heel

[12:04] {Threei} it's contagious Ron

[12:06] {dino} just wait until you dream trades

[12:06] {Threei} or trade in coma

[12:09] {fernp} BPO interesting

[12:10] {RonS} fern, mpg

[12:11] {RonS} fern, bee

[12:11] {fernp} i like mpg

[12:11] {RonS} so do the commies at the epa

[12:12] {dino} tell us how you really feel ron, :D

[12:12] {Threei} lol

[12:13] {RonS} fern, fch...wow

[12:13] {fernp} lol

[12:14] {dino} gur wow

[12:14] {dino} 55-47 in blink

[12:14] {dino} out half tstc +.30

[12:15] {fernp} 1:1 BPO

[12:16] {Threei} wtg

[12:17] {Threei} GUR looks like erroneous print to me

[12:18] {Les} BEXP .50 break?

[12:18] {dino} had whole series of prints

[12:18] {dino} but could have been that hogh paid broker trying his best

[12:18] {Threei} feels really overextended for today to me, les

[12:19] {Les} ya think :)

[12:19] {Les} 18 would have been nice

[12:19] {RonS} gur...or it slipped on greece...

[12:20] {dino} i think its that value added service

[12:21] {dino} rose

[12:24] {RonS} ya know, fern with bop has me thinking...if finnies are running...are the reits and the iyr components a higher beta for the time being?

[12:25] {RonS} bop=bpo

[12:26] {fernp} no idea here

[12:26] {fernp} USB .90 breakdown is interesting (i think) :-)

[12:29] {larisa} half an inch hail here

[12:30] {Threei} wow

[12:30] {Threei} carefull... I heard a brick-sized hail killed an elephant once in India

[12:30] {Threei} I don't mean I actually heard a thud...

[12:31] {ese} Lt finally had a chance to answer you dcc......have been in out in out last 2 weeks and mind has not been totally here

[12:31] {dino} why not, you deaf?

[12:31] {Threei} no, just rarely sober

[12:31] {dino} lol

[12:31] {Threei} :)

[12:32] {dino} so if an elephant falls in the desert....

[12:32] {Threei} ese, just slap him

[12:32] {Threei} that'll get his attention

[12:32] {larisa} you compare me to elephant?

[12:32] {larisa} in a way?

[12:32] {Threei} wghat am I, suicidal?

[12:32] {larisa} or a brick?

[12:32] {dino} never, see 3i's comment above

[12:34] {Les} vad, CPBY b/d of 7?

[12:35] {dino} pwrd sm l .75 trig

[12:35] {Les} for a scalp. kicking myself for not scalping BEXP straight after you spoke.

[12:35] {dino} hitting march lows

[12:40] {larisa} I need to move to Carribean or at least Florida, tired of this everchanging weather :)

[12:41] {Threei} can't tell Les

[12:41] {Threei} btw, speaking of BEXP... why weren't uou interested in .40 breakdown on that "overextended" ecomment?

[12:42] {Les} good question. taking "trend is friend" in my setups too literally

[12:43] {Threei} that was a valid setup

[12:45] {Les} see miners starting to weaken. GDX, FCX, SLW

[12:46] {Threei} next hur or two will be "shake me out" time

[12:46] {Threei} hour or tweo

[12:46] {Threei} hour or two

[12:46] {nemo} oreo

[12:46] {Threei} there

[12:46] {Threei} third time is a charm

[12:47] {Threei} guys, I need to leave for an hour - hour and half, sorry

[12:47] {Threei} be back as soon as I can

[12:48] {strider} vad hates us.

[12:48] {nemo} in your case, that's understandable

[12:48] {strider} hey, I pay my money....I stay quiet. what's not to like??\

[12:49] {strider} you...on the other hand....

[12:49] {Les} strider, you living in same state as Massey's mine disaster?

[12:50] {strider} No. I'm in North Carolina.

[12:51] {Les} just checking google. ok, next door. same mountains though?

[12:51] {Les} apper whateveryoucallthem

[12:51] {strider} In the western third of the state, yes.

[12:51] {Les} yeh, i understood lot of coal in those mountains

[12:51] {strider} I'm at the foot of the Appalachians.

[12:52] {strider} Mosstly in Kentucky, West Va., Pennsylvania.

[12:55] {RonS} appalachia coal origin: http://mysite.verizon.net/sosborne1/origin.html

[12:57] {Les} cool. but i've the impression that's flat country. what's with the videos seen of blowing mountain tops?

[12:57] {strider} Wrong impression.

[12:58] {RonS} 400 million year old worn down mountain range...but still mountains

[12:59] {ese} am outta here cath you all tomorow.......busy times

[12:59] {RonS} cya ese

[12:59] {ese} cya ron

[12:59] {Les} ciao

[12:59] {dino} cya es

[13:00] {strider} bbye, ese.

[13:01] {magoo} good afternoon all

[13:02] {strider} hello, magoo.:)

[13:02] {Les} hi mags. no one is in charge...

[13:02] {larisa} lol

[13:02] {Les} dino, MEE 49 break interest you?

[13:02] {RonS} larisa, she who must be obeyed...

[13:03] {RonS} ...vad's rule...

[13:03] {dino} scalp short

[13:03] {Les} but not long? ok

[13:04] {dino} the way my mind worls les, it was in downtrend, so quarter breaks are short triggers

[13:04] {dino} gut says re-test by lod and bounce

[13:05] {dino} now nemo knows support better than i

[13:06] {Les} nice theory. another scalp missed

[13:06] {dino} i'm a simple trader les, nothing fancy

[13:07] {dino} cov .88, +.12, thx for heads up

[13:09] {dino} too soon

[13:09] {dino} db in making maybe

[13:11] {Les} so just to get this straight, in downtrend, bounce to quarter zone is short trigger for you is it?

[13:11] {strider} Gotta go... See you all tomorrow.

[13:11] {Les} bye

[13:11] {dino} cya strider

[13:12] {dino} in downtrend, like to see the quarter break, then breath back to it to enter

[13:12] {RonS} dino, do you see a long setup for RF?

[13:12] {dino} not my type too thick, but support .48, looks like it wants up

[13:13] {RonS} thx

[13:13] {dino} darn mee was at .60

[13:15] {dino} les, vad told me years ago, "be water". perhaps that answers your question

[13:16] {RonS} mspd looks like dino thin candidate...

[13:17] {dino} thin, yes ron, but too tight

[13:17] {dino} want pulp traes

[13:17] {dino} trades

[13:17] {Les} well Vad's not a trader of your setups, so I'm interested in how you see a capitulation stock like MEE

[13:18] {dino} i see some strange trades, lol. questions are fine, but i am wrong roughly 35% of time

[13:19] {RonS} ...jeez dino, more than joe biden...

[13:19] {dino} i "expect to lose" on some. odds game to me

[13:20] {Les} yes have observed this

[13:21] {dino} generally on capits les: $2+ drop fast, watch the quarters on bounces, should go through on way up and then come back to the quarter again.

[13:22] {dino} fast drop is key, straight shot down

[13:23] {dino} look at mee, that is not capit drop, that is the trend down, in my minds view, the capit was earlier

[13:23] {dino} rf was good spot ron

[13:26] {dino} les; post this on your wall if you want to know what i think: you are only in competiion w/youself. hard stops remove emotions. what do you believe that is not true? profits are luck, losses are skill. being poor is bad...staying poor is stupid. they are myearly morning prep reads.

[13:27] {RonS} amen

[13:28] {nemo} Could you expand on this one: what do you believe that is not true?

[13:30] {fernp} SPY c&h

[13:31] {dino} talking heads always saying stuff that is not true, falling in love w/trade that doesn't work, thinking something should happen (thursday someone in this room said 11k was guaranteed for monday, i questioned it), etc. question everything, as anything can happen

[13:34] {RonS} ya that I walk through the valley of the tape, I shall fear no evil, be they gs of the fed , for i have the knowledge that nothing is certain and everything possible; except of course vad and larissa. Can i get an amen?

[13:34] {shorty} Was away all morning, missed CIEN for a good run

[13:34] {RonS} ya=yea

[13:34] {dino} amen brother

[13:36] {larisa} funny :)

[13:40] {RonS} How loonie can it get?: http://www.marketwatch.com/story/dollar-parity-sends-canadians-south-for-homes-2010-04-06?siteid=rss&rss=1

[13:43] {shorty} Thanks for the article Ron, that is exactly what my parents are doing right now. They are buying somewhere in Arizona.

[13:44] {RonS} ...they should check out Payson...

[13:52] {RonS} ...fed minutes is 8...

[13:53] {RonS} O goes for world dictator: http://www.businessweek.com/news/2010-04-06/gibbs-says-obama-wants-more-market-based-china-currency.html

[13:55] {shorty} Payson looks like a really beautiful place. I will forward it to them. Thanks Ron

[13:55] {dino} don't think the chinese care

[13:56] {RonS} ya think, except for the period of British humiliation the Chinese have never given a rat's behind what anyone has wanted...

[13:57] {RonS} shorty, they need not to be big city people...

[14:00] {nemo} Mmmhhh, mos breakdown or breakup?

[14:01] {dino} .60-.65 area should hold

[14:02] {shorty} Do you go there often Ron? Or do you live there?

[14:02] {RonS} the ghost of vad says "depends on market"...

[14:02] {dino} agree

[14:04] {Les} l mee .01

[14:05] {RonS} ...my in-laws have lived there since 1995...been maybe 10 times. Easy access to "the valley", Phoenix. Better weather, and more stable prop values due to restricted supply due to water, and demand from peple looking ot "beat the heat" with 2nd homes

[14:07] {shorty} My father is a hermit, but my mother loves to shop. I can see my father in a small town. Anyway, I will send it to them. Thanks again Ron.

[14:08] {dino} pwrd to .17

[14:08] {dino} out +.41

[14:09] {RonS} wtg dino, starting to understand your pulp ficition...

[14:09] {shorty} wow dino, what is your style! I need a mentor

[14:09] {RonS} ficition=fiction

[14:11] {RonS} 'sup trev :)

[14:12] {dino} ty

[14:15] {lasertrev} got kicked out, and said i was already logged in

[14:16] {lasertrev} vad must be mad at me

[14:16] {Les} I erase browser history to fix related issue

[14:17] {lasertrev} thx will try it

[14:18] {Les} dunno if same issue

[14:20] {fernp} gotta go. good evening everybody. see you all tomorrow

[14:20] {Threei} back

[14:20] {Threei} missed anything?

[14:20] {Les} I've lossed 50 points

[14:20] {Les} lost

[14:21] {nemo} think market might go for it

[14:23] {Threei} wow

[14:23] {Threei} 22 points to 11K

[14:23] {Threei} MINUTES OF 3/16 FOMC MEETING: SAW RECOVERY CURBED BY UNEMPLOYMENT; INFLATION SUBDUED; BANK LENDING CONTINUES TO CONTRACT

[14:24] {Threei} The redemption of Treasuries may be such that many other tools to drain reserves may not be necessary

[14:24] {dino} dwa l break of .00

[14:24] {nemo} ?

[14:26] {dino} xrtx to b/e all day zzzzzzzzz

[14:27] {Threei} interesting

[14:27] {Threei} I don't see much following between stocks and indices

[14:27] {Threei} with indices hitting new highs, most stocks I see are lagging

[14:28] {dino} same

[14:29] {nemo} I bet market stays "relatively" rage bound until earnings season tells its story

[14:32] {dino} out xrtx flat

[14:32] {dino} strange day, 1st stop

[14:32] {shorty} looking at OVTI, good trend

[14:34] {Les} fcx .9

[14:35] {nemo} where's your stop?

[14:35] {dino} rbcn

[14:35] {shorty} long OVTI .18, stop .11

[14:39] {dino} xrtx rinsed and ran

[14:39] {nemo} wfc breal pf /20?

[14:40] {nemo} break of .20?

[14:40] {nemo} stop .10

[14:40] {nemo} ?

[14:40] {Threei} probably...

[14:41] {Threei} CIEN CNBC's Cramer mentions strength in CIEN today attributed to AT&T announcement that it would invest $1B in network expansion this year (16.24, +0.81, 5.25%) (related T JDSU )

[14:44] {shorty} out OVTI .13

[14:45] {Threei} 16

[14:45] {nemo} ?

[14:45] {Threei} 16 points

[14:45] {nemo} oh

[14:46] {Threei} I am trying to envision how many stops are located just above

[14:46] {nemo} you think people are short this still? oy vay

[14:46] {Threei} there must be an uncle point somewhere

[14:46] {Threei} I am sure of it

[14:47] {Threei} Congressmen Grassley and Max Baucus request ITC conduct investigation into factors affecting agricultural trade between China and the US (related JJG USD/CNY FXI TRADEX )

[14:48] {Threei} oh boy

[14:49] {Threei} totally forgot about FITB 14 break

[14:49] {dino} xra

[14:51] {Les} grabbed .10, thanks

[14:51] {dino} np

[14:53] {dino} dwa stopped -.10

[14:53] {Threei} XRA Exec: Holding talks with several potential buyers, sees deal within 12 months

[14:53] {Threei} - Has signed confidentiality deas with Newmont, Barrick, Kinross and several Chinese firms. (7.66, +1.00, 15.02%) (related NEM KGC ABX )

[15:00] {shorty} Good night all, calling it a day.

[15:00] {Les} ciao

[15:00] {Threei} take care shorty

[15:01] {dino} cya shorty

[15:01] {Les} dino, MEE?

[15:02] {dino} dk

[15:02] {Les} wedged between 200 at .01 and 50.

[15:05] {Threei} WFC almost clawed its way to anoter 1:1

[15:06] {Threei} and above

[15:06] {Threei} anyone?

[15:06] {nemo} just me

[15:06] {Threei} why not

[15:06] {nemo} ?

[15:10] {Threei} Short Setup: RIMM half lot 70 break

[15:10] {Threei} stop above .10

[15:15] {nemo} stopped

[15:15] {Threei} no go

[15:22] {dino} mos lod

[15:25] {Threei} Short Setup: LVS .40 break if stays under .45

[15:26] {dino} rose s .90

[15:26] {Threei} invalidated

[15:29] {dino} cov rose .78, +.12

[15:30] {Les} ty

[15:30] {dino} you get it?

[15:30] {Les} y

[15:30] {dino} gj, missed rog at same time

[15:31] {Threei} Market Internals update at 3:30ET

[15:31] {Threei} - NYSE volume 680M shares, about 13% below its three-month average; advancers lead decliners by 1.3:1.

[15:31] {Threei} - NASDAQ volume 1.78B shares, about 6% below its three-month average; advancers lead decliners by 1.2:1.

[15:31] {Threei} - VIX index -5% at just over 16.00

[15:32] {Les} mee lod

[15:32] {dino} mee lod

[15:32] {dino} lol

[15:36] {magoo} gotta run, c u tomorrow

[15:36] {Les} ciao

[15:36] {lasertrev} later magoo

[15:36] {Threei} magoo was here?

[15:36] {nemo} not a peep though

[15:36] {dino} xrtx l .60

[15:42] {dino} to .67

[15:43] {dino} out+.07

[15:47] {dino} xrtx break of .75 l

[15:48] {dino} nah, not much time

[15:50] {Threei} yeah, a bit too narow to expect anything worty from it in remaining time

[15:54] {dptl} good evening all...see ya tomorrow

[15:54] {Threei} take care dp

[15:55] {dino} cya dp

[15:56] {dino} out remainder tstc +.25 at .00

[15:57] {Threei} 11K party gets postponed every day

[15:57] {nemo} not much longer

[15:57] {Threei} I may get seriously damaged liver before it even starts

[15:57] {nemo} it's petrified already

[15:57] {Threei} no, it's surprizingly resilient

[15:58] {RonS} leslie gore

[15:58] {Threei} ok guys... another boring day

[15:58] {Threei} thank you all, have a good evening

[15:58] {Threei} see you tomorrow

[15:58] {Les} ok. ciao

[15:59] {nemo} cya

[15:59] {dino} very good day for me

[15:59] {Threei} flat here

[15:59] {dino} 8 of 10

[15:59] {nemo} slightly negative

[15:59] {Threei} profits got balanced out by stops

[15:59] {Threei} great job dino

[16:00] {dino} ty

Apr 05 2010

Nice profitable day requiring strong discpline. Started with two nice wins on CIEN and FCX, then had to stay away from numerous shakeouts as markert remained locked. Only discretionary niche plays worked for those whose style matched them: news play on RINO, momo on ARQL and most of all on UNIS. Skill to play only when there is what to play with is invaluable.

Session Time: Mon Apr 05 00:00:00 2010

[08:27] {Threei} MRNA Signs research study collaboration deal with Pfizer

[08:29] {Threei} DIVX Enters partnership with Sharp to enable DivX video on digital TV

[08:29] {Les} morning

[08:29] {Threei} morning les

[08:30] {Threei} aree we 11K yet?

[08:30] {Les} haven't got my software up and running.

[08:36] {Threei} Apple Inc Sells over 300K iPads in first day of sales

[08:36] {Threei} - Apple also announced that iPad users downloaded over one million apps from Apple's App Store and over 250K ebooks from its iBookstore during the first day.

[08:36] {Threei} ***Reminder: In a note this weekend, Piper Jaffray's Gene Munster forecast iPad sales for the two day weekend including preorders would amount to about 700K.

[08:36] {fernp} Good morning everybody

[08:36] {Threei} fern :)

[08:37] {dptl} good morning all :)

[08:37] {Threei} dp :)

[08:39] {nemo} So....an emergency Fed meeting today

[08:40] {Les} hmmm. to react or not react, I wonder how the market will take that...

[08:41] {Threei} is there announcement for that?

[08:41] {Threei} search shows rumors only

[08:44] {Threei} found it

[08:44] {Threei} http://www.federalreserve.gov/boarddocs/meetings/2010/20100405/advancedexp.htm

[08:48] {Threei} (IN) Pakistan President Zardari: Pakistan would like to normalize relations with India (related USD/INR IFN GLD )

[08:48] {Threei} about time

[08:49] {Threei} people get their e-mail accounts hijacked left and right

[08:49] {Threei} over this weekend I received three e-mails,

[08:50] {Threei} all "from" people I eschange e-mails often,

[08:50] {Threei} informing me that they got robbed at a gunpoint in Hyde Park in London while travellling, and need my urgent assinstance

[08:51] {Threei} exacet same text

[08:51] {Threei} it's like all my friends went to lodon, met the same robber and now count on me as sole savior

[08:52] {Threei} I'd say guy needs to start sharing with me for supplying so many friends to him

[08:52] {dptl} lol

[08:52] {Threei} dp, thank goodness you haven't gone to London

[08:53] {dptl} no....hate flying

[08:53] {Threei} never do, people get mugged in Hyde Park en masse

[08:53] {Threei} in fact, I think there is a line-up to a tired robber holding garbage bag where they throw they wallets

[08:54] {Threei} and then run back to their hotels to e-mail me

[08:56] {Les} I for one would like to see just 1 scam like that. never heard of them. it's viagra or nothing in my spam box...

[08:56] {Threei} smeone's trying to tell you something...

[08:59] {Les} oh ha ha nice one centurion, like it, like it...

[09:00] {Threei} don't feel self-conscious then, for a while all I was getting were e-mails suggesting enlargement of certain viatl organs

[09:00] {Les} the liver?

[09:01] {Threei} I'll withold the details les I have to edit the log

[09:02] {Threei} PPHM Reports Data From Newly Published Research Reinforcing Potential of Targeting PS in HIV Infection

[09:09] {gen} gm all

[09:09] {Threei} gen :)

[09:09] {gen} :)

[09:11] {Threei} SPY new high

[09:11] {Threei} for the yesr I mean

[09:11] {Threei} year

[09:13] {strider} morning everyone.

[09:13] {gen} :)

[09:14] {Threei} strider :)

[09:14] {strider} :)

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:15] {gen} :)

[09:15] {dptl} :)

[09:16] {Threei} look at these two chessir cats

[09:16] {shorty} gm all

[09:16] {Threei} shorty :)

[09:16] {gen} :)

[09:16] {shorty} :)

[09:16] {Threei} what is it with you all

[09:16] {Threei} too many smiles

[09:17] {nemo} :(

[09:17] {Threei} it's monday, remember?

[09:17] {dptl} he he

[09:17] {shorty} Hiding behind angry faces

[09:17] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv

[09:17] {RonS} :P

[09:18] {dino} gm all

[09:18] {gen} :)

[09:18] {RonS} :D gm all

[09:18] {dino} :O

[09:18] {Threei} ron, dino :)

[09:19] {Threei} say hello to Vasilisa, our guest from Ukraine

[09:19] {Les} CREE

[09:19] {nemo} haroo

[09:19] {Les} hell Vasilisa

[09:19] {Les} oops, hello

[09:20] {Les} what's on the menu vad?

[09:20] {Threei} so far, nothing outstanding

[09:20] {Les} ARD

[09:20] {Threei} oh, patience says hello to everyone from Beijing

[09:21] {Les} ni hao patience

[09:22] {_vasilisa} gm all

[09:22] {gen} :)

[09:22] {Threei} good morning

[09:23] {Threei} who needs a little mood booster for the morning:

[09:23] {Threei} http://photography.realitytrader.com/2010/04/cutest-tabby-ever.html

[09:24] {lasertrev} morning

[09:24] {Threei} trev :)

[09:24] {gen} :)

[09:25] {Threei} these smiles make me nervous

[09:25] {dptl} lol ...nice pic.Vad......

[09:25] {Threei} as gunslinger used to say, First smiles, then lies, then gunfire

[09:25] {strider} :(

[09:25] {gen} :O

[09:26] {fernp} i like the last one photo

[09:26] {Threei} my favorite too fern

[09:26] {fernp} it's nice :-)

[09:26] {dino} ahh yes, the gunslinger

[09:26] {Threei} OK guys, let's see whatscanner spits out... I dont have clear candidates for the opening

[09:27] {Les} :/

[09:27] {Les} my morning contribution. MOS 59

[09:27] {strider} UA

[09:28] {strider} scratch that.

06[09:28] * Threei is scratching UA from his monitor

[09:28] {dino} special fed disc mtg this a.m.

[09:28] {Threei} yeah

[09:29] {strider} AMD could pop at open.

[09:29] {Threei} 9.5 break?

[09:29] {strider} thinkin'

[09:30] {Threei} I like the look of daily

[09:30] {strider} yeah...that's where I found it.

[09:30] {Threei} it's generally a narrow stock, about 30 cents daily ranges

[09:31] {Les} CREE off like a rocker

[09:31] {Threei} so unless something extaordinary happebs, don't count on muxh

[09:31] {Les} rocket

[09:32] {strider} UA now.

[09:33] {dino} hmmmm

[09:33] {dino} gap and rock, or drop

[09:34] {strider} 31 resis. on daily

[09:35] {Threei} Long Setup: CIEN .15 if stays above .10

[09:37] {Threei} if market double-bottoms here, should work nicely

[09:37] {Threei} if not, 5-7 cents risk is fine for monday morning

[09:41] {jfjf64} mornin

[09:41] {Threei} CIEN is like a hedgehog which is a very proud bird - won't fly until kicked

06[09:41] * Threei kicks CIEN in the rear

[09:41] {Threei} jf :)

[09:42] {Threei} CRUS touches 52 weerk high

[09:43] {Threei} fiinally CIEN

[09:43] {Threei} 1/2 out, over 1:1

[09:43] {nemo} yep

[09:43] {Threei} scalpers be happy

[09:43] {Les} thanks out .24

[09:43] {Threei} where is ese, this is his stock

[09:43] {Threei} over 1:2

[09:43] {dptl} out .27 ty

[09:43] {Threei} welcome guys

[09:43] {Threei} let's officially consider Monday kicked off

[09:44] {Threei} together with proud bird CIEN

[09:44] {nemo} 1/4 more

[09:44] {Threei} too bad missed CRUS

[09:44] {Les} cree just won't stop

[09:44] {Threei} let's see if we get pullback on it

[09:44] {shorty} Thanks Vad out + .14

[09:44] {Threei} welcome sir

[09:45] {Les} fcx straggling other miners

[09:46] {Threei} US) Preview: Feb Pending Home Sales due out at 10:00ET

[09:46] {Threei} **consensus expectations (m/m): 0.0%e v -7.6% prior

[09:46] {Threei} 1/4 more CIEN

[09:46] {Threei} .32

[09:46] {Threei} stop to under .20

[09:46] {Threei} offer .41

[09:47] {Threei} (US) Preview: March ISM Non-Manufacturing Composite due out at 10:00ET

[09:47] {Threei} **consensus expectation: 54.0e v 53.0 prior

[09:48] {Threei} AMD tests .50

[09:50] {Les} take it on the break?

[09:50] {strider} DLTR pulllback

[09:50] {Threei} if it's your type of stock

[09:50] {Threei} chart is valid, it's just very slow and very narrow

[09:51] {Threei} may not resolve till numbers come out in 10 min

[09:52] {Threei} 40 points to 11K

[09:53] {Threei} larisa... last chance

[09:53] {Les} mos & pot weak today

[09:54] {dino} rimm wants 65 strike

[09:56] {Threei} SNDA sharp selling

[09:59] {dino} aixg

[09:59] {dino} rbcn

[09:59] {dino} lps

[09:59] {dino} veco

[10:00] {RonS} ico up on vol

[10:00] {Threei} US) FEB PENDING HOME SALES M/M: 8.2% V 0.0%E; Y/Y: 17.3% V 8.8% PRIOR

[10:00] {Threei} - prior M/M revised lower from -7.6% to -7.8

[10:00] {Threei} *(US) MAR ISM NON-MANUFACTURING COMPOSITE: 55.4 V 54E

[10:01] {Threei} sub-indices:

[10:01] {Threei} - Prices Paid: 62.9 v 60.4 prior

[10:01] {Threei} - Employment: 49.8 v 48.6 prior

[10:01] {Threei} - New Orders: 62.3 v 55.0 prior

[10:04] {Threei} Long Setup: FCX half lot on pullback to .10 - .15

[10:04] {Threei} stop will be under 86

[10:06] {nemo} my fcx chart is off

[10:06] {dino} bid/ask on nyse off

[10:07] {Threei} took .14

[10:09] {Threei} 1:1

[10:10] {Les} out .35 ty

[10:10] {Threei} :)

[10:11] {Threei} 1:2, out

[10:11] {Threei} nice and easy 30 cents

[10:11] {jfjf64} hog

[10:11] {dino} gj

[10:13] {dino} sm l ctrp .72

[10:13] {Threei} 1:3... without me

[10:13] {Threei} 30 points to 11K

06[10:14] * Threei tries 11K party hat on

[10:14] {Threei} who are you calling hog jf?

[10:14] {dino} tstc sm l .20

[10:14] {jfjf64} lol

[10:15] {jfjf64} watchin HOG

[10:17] {Threei} HOG is strider's old favorite

[10:17] {Threei} e knows all its hoggish ways

[10:17] {strider} I can't bring myself to go long on HOG

[10:18] {jfjf64} lk 5 min chart

[10:18] {jfjf64} you

[10:19] {Threei} Short Setup: GENZ .24 break, half lot

[10:20] {Threei} ARQL sudden;y came alive

[10:21] {Threei} so far my invalidation is .35 on GENZ, but if sets up not breaking .30, even better

[10:22] {Threei} invalidated

[10:23] {Les} +.09 ARQL ty

[10:24] {Threei} you buy everything mentioned?

[10:24] {Les} compulsive shopper

[10:24] {Threei} I better be careful naming stocks

[10:24] {nemo} eslr

[10:24] {nemo} :)

[10:24] {Threei} lol

[10:25] {Les} thanks nemo

[10:26] {dino} ctrp stopped

[10:27] {dino} isp luv

[10:27] {dino} too fast

[10:27] {Les} pot crashing but mos refusing to fall...

[10:28] {strider} DRYS is back up over 6

[10:29] {strider} DAL c&H--slow

[10:30] {dino} lps .50 trig l

[10:30] {shorty} Thoughts on ENER anyone? For a short breakout.

[10:31] {fernp} canadian pharmacy spam is killing me

[10:31] {fernp} lots of emails today

[10:34] {Threei} not sure shorty, no clean setup

[10:34] {Threei} sorry fern, I'll try to keep it down

[10:34] {shorty} lol

[10:34] {fernp} lol

[10:37] {Les} wants 11k before Fed speaks?

[10:38] {Threei} 17 points

[10:38] {Threei} matter of minutes

[10:41] {dino} lps to .65

[10:42] {dino} out +.17

[10:42] {shorty} gj

[10:42] {strider} back shortly.

[10:42] {dino} ty

[10:43] {dino} pot sm l .40

[10:46] {Threei} Market Internals update at 10:30ET

[10:46] {Threei} - NYSE volume 190M shares, about 20% below its three-month average; advancers lead decliners by 5.2:1.

[10:46] {Threei} - NASDAQ volume 500M shares, about 7% below its three-month average; advancers lead decliners by 3.1:1.

[10:46] {Threei} - VIX index +0.5% at just over 17.50

[10:47] {Threei} amazing how volume gets lower and lower, yet market continues climbing

[10:47] {Les} confounding traders and joe 6 pack alike

[10:47] {nemo} where else you gonna' put the money

[10:48] {dino} real estate

[10:48] {Threei} "Silnece officers!"

[10:48] {shorty} Does that mean we can expect a big drop in the near future Threei?

[10:48] {Threei} never mind, joke for russians only...

[10:48] {dino} pot to flat

[10:49] {Threei} well... sooner or later, of course we will

[10:49] {dino} out flat

[10:49] {shorty} ZION is strong

[10:50] {Threei} Short Setup: VXX .50 break

[10:54] {fernp} .56 stop, Vad?

[10:56] {Threei} depends on where it sets up from

[10:56] {Threei} let's consider .60 invalidation for now

[10:56] {fernp} ok

[11:10] {Les} damn. I though fcx was lagging the sector but $1 buck + ay ay ay

[11:10] {Threei} look where we got it long

[11:10] {Les} base camp

[11:11] {Les} before it climbed Mt Everest

[11:11] {Threei} as close to perefect as it gets with volatile stock

[11:13] {Threei} ABIO

[11:13] {Threei} tries to wake up

[11:15] {Threei} PMI is unbelievable today

[11:17] {fernp} PCX any read, Vad?

[11:17] {fernp} C&H on daily

[11:18] {dino} xrtx l .73

[11:18] {Threei} break on daily is a bit far from here

[11:18] {fernp} y

[11:18] {Threei} but if market resumes upward, I'd go for a break on intraday

[11:18] {fernp} ty

[11:19] {fernp} ADBE 36 break is valid, Vad?

[11:20] {fernp} fed meeting at 11:30, no?

[11:20] {Threei} I don't know time

[11:21] {Threei} ADBE looks good but

[11:21] {dino} hog about to rollover?

[11:21] {Threei} this is exactly kind of charts that tend to fail on breakout at this time of the day

[11:21] {fernp} true

[11:22] {Threei} .20 I'd try on it, dino

[11:23] {dino} took .24

[11:24] {dino} rino lod

[11:29] {Les} vxx

[11:30] {Les} .50 b/d?

[11:30] {Threei} 50/50

[11:31] {Threei} not sure

[11:31] {dino} hog stuck in mud

[11:31] {dino} ngsx

[11:35] {Les} l vxx .54 stop .50

[11:38] {Les} half out .58

[11:41] {Threei} we entered yawn period

[11:41] {Threei} wait patiently for news or market activity

[11:41] {Threei} don't push traditional setups

[11:42] {Les} out -.01 2nd half.

[11:48] {nemo} finnies moving up but indices quiet

[11:57] {dino} cov hog +.15 ave

[11:59] {Les} kerx is going to test 200ma support .23

[12:00] {Threei} Market Internals update at 12:00ET

[12:00] {Threei} - NYSE volume 335M shares, about 20% below its three-month average; advancers lead decliners by 5.9:1.

[12:00] {Threei} - NASDAQ volume 925M shares, about 8% below its three-month average; advancers lead decliners by 2.8:1.

[12:00] {Threei} - VIX index -0.75% at just under 17.50

[12:07] {fernp} AIG

[12:07] {Threei} no news, as usual

[12:07] {Threei} 10-year Treasury yield rises above 4.00% for the first time since June 2009

[12:07] {Threei} - on June 11, 2009 the yield hit 4.0038% intraday

[12:08] {nemo} Oh Oh!

[12:08] {Threei} let's see whether stocks react

[12:10] {Les} not like traders weren't expecting this - look at TLT

[12:11] {nemo} traditionally, as the economy strengthened and rates were raised, stocks kept going

[12:11] {Threei} there are a lot of commentators that suggest it should roll the equities over

[12:12] {nemo} contra indicator

[12:12] {Threei} I would tend to agree with your POV, nemo

[12:12] {nemo} having siad that fcx fas and rimm are forming interesting support

[12:12] {nemo} fas just lost it

[12:12] {nemo} fcx a bit too

[12:12] {dino} nemo correct

[12:13] {dino} its when rates are dropping that stocks die

[12:13] {Threei} we see this every day... consolidation at the high, then some selling

[12:13] {Threei} so I wouldn't put a lot of significance into this downtick

[12:13] {nemo} yes, I was just pointing out potential short candidates

[12:15] {Threei} one thing that really grinds my gear... frikin loonie

[12:15] {dino} xrtx to flat

[12:15] {Threei} new 52 weeks high

[12:15] {Threei} practically at par with USD

[12:16] {Threei} RINO Discloes Q4 backlog at $100.8M (20.15, -1.03, -4.86%)

[12:18] {dino} sm l rino .30

[12:20] {strider} .

[12:20] {Les} squeezed +.05 from PMI for lunch money. some selling vol. coming in

[12:20] {nemo} rimm and fas shorts would have worked

[12:21] {dino} out rino .82, +.52 ty 3i

[12:21] {dino} xrtx out flat

[12:22] {dino} xrtx what the?

[12:23] {strider} short DLTR .47

[12:24] {dino} lps l .44

[12:26] {Threei} very nice on RINO

[12:27] {shorty} nice dino

[12:27] {gen} gj

[12:28] {dino} :D

[12:29] {Threei} I actually had you in mind posting the news, RINO is on your radar frequently

[12:29] {Threei} see, I pay attention... and some of you thought I was drunk half of the time

[12:29] {dino} yes, thx

[12:29] {Threei} when in fact it's all the time

[12:29] {nemo} nobody thinks you're drunk HALF the time

[12:30] {Threei} coming from the guy who goes to the bar for one shot of vodka and returns with three...

[12:30] {nemo} never look a gift tap in the mouth

[12:31] {Threei} no way... I was only happy to have you at that table

[12:32] {dptl} did i hear vodka?

[12:32] {Threei} there you go... what monster have I just unleashed?

[12:32] {nemo} the Kraken

[12:32] {Threei} lol

[12:32] {strider} cover DLTR +.04

[12:32] {dptl} he he

[12:32] {Threei} LVS..

[12:32] {Threei} why did we miss it earlier?

[12:33] {nemo} you were patting yourself on the back about rino

[12:33] {shorty} cause we are drunk

[12:33] {Threei} no, I mean way earlier

[12:33] {Threei} 22.20

[12:33] {nemo} have no eye deer

[12:34] {Threei} no way we would still be in but it was clean shot into .50

[12:38] {nemo} upward wedge on the indices

[12:38] {Threei} 23 breaks LVS...

[12:38] {Threei} dpn't know guys, see and decide if you like it

[12:40] {shorty} I am goin to sit out on LVS, rather watch it.

[12:40] {nemo} ahhhh....one of those....

[12:40] {Threei} me too

[12:41] {Les} happy to take it, but with market support... which presently ain't there

[12:42] {shorty} ZION will not quit.

[12:43] {Threei} which makes me lok at FITB

[12:44] {shorty} FITB , lags behind ZION..right?

[12:45] {Threei} not necessary

[12:45] {Threei} they are in the same secotr

[12:45] {Threei} regional banks

[12:46] {shorty} k

[12:48] {nemo} cree vad

[12:49] {Threei} what about it?

[12:49] {nemo} been buidling a solid base since 11:00

[12:50] {nemo} Understand the range is a bit wide right now, but 200 ma is coming into support

[12:50] {Les} I'm waiting for 200

[12:50] {Les} yeh, to give it a nudge

[12:50] {nemo} could be a break a little later

[12:50] {Threei} Preview: (US) Treasury's $8B 10-year TIPS reopening results due out just after 1PM ET

[12:50] {Threei} - $1B increase over the Oct reopening

[12:50] {Threei} - Bid to cover at the Oct reopening was 3.12 with an average of 2.35 over the last 5 reopenings

[12:50] {Threei} - Indirect bidders took 44% of competitive bids prior with 14% allotted at the high

[12:53] {nemo} cat has a jbe form also

[12:55] {nemo} look at the pileup at 65 offer

[12:57] {Threei} UNIS Receives U.S. FDA Clearance for Unitract(TM) 1mL Insulin Syringes (6.94, +1.13, 19.45%)

[12:57] {Threei} - The Unitractrange of 1mL syringes is the world's first and only known syringe that allows operators to control the speed of passive (automatic) needle retraction directly from the patient's body into the barrel of the syringe where it is locked in place.

[12:57] {Threei} - Primary target markets of the products include healthcare facilities, pharmaceutical companies and patients who self-administer prescription medication.

[12:57] {Threei} - Unilife will now immediately file an additional 510(k) with the FDA seeking clearance for the Unitract1mL Tuberculin (TB) Syringe. FDA clearance of the Unitract1mL TB Syringe, which is a variant of the Insulin syringe product, will further expand the ability of the Company to market its range of safety syringes to U.S. healthcare facilities.

[12:58] {shorty} If ZION fails to pass 23.18, you think it might be a valid set up on the short side?

[12:59] {Threei} .10 breakdown, if market drops... sure

[12:59] {strider} WYNN?

[12:59] {strider} thinking .50 break, but ....nah...

[12:59] {shorty} k...thanks

[13:00] {Threei} scalped UNIS, .55 - .94

[13:00] {Threei} probably going to cry

[13:01] {Threei} yup... crying

[13:01] {shorty} .09 short ZION

[13:01] {Threei} momo

[13:01] {Threei} loco

[13:02] {shorty} .14 is my exit

[13:02] {Threei} above it you mean

[13:02] {Threei} .14 is resistance itself

[13:02] {shorty} .15?

[13:02] {Threei} break of it is meaningful

[13:03] {shorty} k

[13:07] {shorty} out +7. Thanks Threei.

[13:07] {Threei} hey, my job becomes easier by day

[13:07] {shorty} It's your fault if I got out too early.:D

[13:08] {Threei} you find a trade, you structure it, you execute it, you profit from it - and I accept the thanks

[13:08] {shorty} lol

[13:08] {Threei} o how do I carry this burden...

[13:09] {shorty} Watching your video, you sound like a stressed out individual too Vad.

[13:09] {Threei} do I?

[13:09] {shorty} It helped seeing someone calm and composed

[13:10] {Threei} lol, you reminded me an e-mail from a guy who watched me trading live in Bahamas

[13:10] {Threei} wait, I'll find it... he used a funny comparison

[13:12] {Threei} The most amazing part of the whole experience was, you looked more relaxed trading than I do eating my sandwich - and trust me, eating sandwich is NOT a straining activity for me!

[13:13] {shorty} LOL

[13:13] {dptl} lol

[13:13] {gen} :)

[13:13] {fernp} lol

[13:14] {Threei} read 4th testimonial at our homepage

[13:14] {Threei} and the last

[13:16] {Threei} nemo

[13:16] {nemo} Vad

[13:16] {Threei} (US) TREASURY'S $8B 10-YEAR TIPS DRAW 1.709%; BID-TO-COVER RATIO: 3.43 V 3.12 PRIOR AND 2.35 AVG OVER THE LAST 5 NEW ISSUES

[13:16] {Threei} - indirect bidders take 37.47% of competitive bids with 49.67% allotted at the high

[13:16] {Threei} - direct bidders take 7.5%, dealers take 55.02%

[13:17] {Threei} can you interpret it?

[13:17] {Threei} you seem to get a handle on this

[13:18] {nemo} bid to cover good, indirect bidders not "good" but don't know what percentage indirect bidders bought last time or what the draw was last time

[13:18] {nemo} market not reacting...whaddya' think about RIMM triple bottom?

[13:18] {Threei} median 1.65%, low 1.571%

[13:19] {nemo} indirect bidders are what's important

[13:19] {Threei} - Bid to cover at the Oct reopening was 3.12 with an average of 2.35 over the last 5 reopenings

[13:19] {Threei} - Indirect bidders took 44% of competitive bids prior with 14% allotted at the high

[13:19] {nemo} definitely not as good as before

[13:19] {Threei} ok, ty

[13:20] {larisa} http://www.newyorkfed.org/research/current_issues/ci13-1/ci13-1.html

[13:20] {Threei} RIMM... hmmm

[13:20] {Threei} really can't tell, sorry

[13:21] {Threei} ty larisa

[13:21] {Threei} a bit above my pay grade

[13:21] {larisa} lol

[13:24] {Threei} I'll continue asking nemo if no one minds :)

[13:24] {larisa} I knew you can not read.

[13:24] {Threei} have I ever even tried to create opposite impression?

[13:25] {Threei} I am not a reader, and I a writer

[13:26] {larisa} http://vixandmore.blogspot.com/2009/08/introduction-to-treasury-auctions.html

[13:26] {larisa} a bit easier

[13:26] {larisa} but still need to read :)

[13:26] {Threei} tell you what

[13:27] {Threei} when you find an explanation that can fit on cereal box, and with similar degree of difficulty...

[13:27] {larisa} yes, will spend the rest of my life looking :)

[13:28] {Threei} ty in advance

[13:28] {Threei} 'cause my favorite level of brain activity is "re-read my pager... thought a lot"...

[13:30] {larisa} more you know, harder your life becomes. And you can not actually undo it and go back to being stupid and happy. So stay this way vad :)

[13:31] {Threei} I can

[13:31] {Threei} trust me, I can dumb myself down in a blink of eye

[13:32] {Threei} not very long distance call either

[13:32] {larisa} teach me then, i am tired and want to be happy :)

[13:32] {shorty} wrong larisa, a daily dose of magic mushrooms and a bottle of rye a day can undo a lot.

[13:32] {larisa} lol

[13:32] {Threei} it's all about killing brain cells en masse

[13:34] {shorty} exactly Threei, I choose to do it gradually. Slowly crawling towards dementia.

[13:35] {Threei} defending yourself from people in white gowns

[13:36] {shorty} I worked in a Alzheimer's ward once, they seemed very happy actually.

[13:38] {shorty} Though it was hard on the families that would visit.

[13:38] {Les} had me drink for the day. we in anything?

[13:39] {Les} I'll take that as a negative

[13:40] {shorty} I am out for the day, I think. Had my two good trades of the day. If Vad calls something I might join, but done shopping.

[13:40] {Les} who's killing brain cells en masse faster than me?

[13:40] {shorty} Myself or Threei, but I think you guys might have time in your corner.

[13:44] {Threei} UNIS...

[13:44] {Threei} loco in process

[13:44] {shorty} wow

[13:48] {Les} CREE .55 b/d?

[13:48] {Les} gone

[13:48] {Les} awwww maaaaaaaan

[13:50] {dino} hog hod

[13:51] {strider} thewall.com: Harley-Davidson target raised to $36 from $32 at RBC Capital

[13:51] {strider} RBC raised its price target for Harley-Davidson after channel checks indicated demand improved in March. The firm expects shares to outperform as visibility improved and reiterates an Outperform rating on the stock with an increased price target. :theflyonthewall.com

[13:52] {strider} hogwash.

[13:52] {shorty} Threei, I have found another use for the Market Muse cd.

[13:52] {shorty} I use it on long car trips to shut my kids up.

[13:52] {Threei} nice... I knew it was a real bargain

[13:54] {shorty} Seriously though Vad, your course is great. I took other courses, and this one is near the top.

[13:55] {Threei} ty

[13:55] {nemo} inverse H&S on spy and qs, might be the run

[13:59] {Threei} I dunno... market lately doesn't show late day runs

[13:59] {nemo} true

[13:59] {Threei} instead it adopted new modus operandi:

[13:59] {Threei} selling into middle of the day range,

[13:59] {Threei} weak buying at the very end,

[13:59] {Threei} then big gap,

[13:59] {Threei} run up,

[13:59] {Threei} consolidation

[14:00] {Threei} and whole cycle repeat

[14:01] {Threei} of course these things do not stay the same for very long,

[14:01] {Threei} and everything can change as we approach this 11K magnet and nerves get shot

[14:01] {Threei} but so far I'd rather stay with gther pattern we observe, than guess when and how it changes

[14:02] {Threei} also, Tiger Woods is about to start pres conference

[14:02] {Threei} market stops trading I guess

[14:02] {Threei} (that was sarcasm)

[14:07] {Threei} Market Internals update at 2:00ET

[14:07] {Threei} - NYSE volume 480M shares, about 20% below its three-month average; advancers lead decliners by 4.4:1.

[14:07] {Threei} - NASDAQ volume 1.32B shares, about 10% below its three-month average; advancers lead decliners by 2.5:1.

[14:07] {Threei} - VIX index -1.33% at just over 17.00

[14:09] {Les} pmi

[14:13] {Threei} what do you know... market did stop trading

[14:14] {shorty} Threei, on ZION was that a double bottom?

[14:14] {Threei} not really

[14:14] {Threei} tested that level more than twice

[14:15] {shorty} ok...I see, thanks

[14:24] {Threei} 54% Still Favor Repeal of Health Care Law

[14:24] {Threei} Approval ratings: Tea Party 48% Obama 44%

[14:25] {Threei} 78% Think Jesus Christ Rose from the Dead

[14:26] {RonS} 89% think Jesus' middle name starts with H

[14:29] {Threei} no single news line since 14:00

[14:29] {RonS} 11% think it is H

[14:30] {Threei} lol

[14:32] {Threei} that's dangerous line by Tiger... talking about peer support,

[14:33] {Threei} "it's amazing how many hugs I've got from the guys"

[14:33] {dino} lol

[14:33] {dptl} lol...i knew you gonna say something about that...lol

[14:34] {Threei} well, you must have noticed how I move farther form you when you move to your 5th shot of vodka...

[14:34] {dptl} roflol

[14:34] {RonS} Tiger H Woods

[14:35] {RonS} Huggybear

[14:35] {Threei} the really tough times will start when gen moves to Victoria and nemo comes to visit, so I am boxed between you all

[14:39] {Threei} ZION tries to form a breakout at .20...

[14:40] {Les} cree

[14:41] {RonS} pcx verging on 52 week hi

[14:42] {Les} pmi - missed the pullback

[14:51] {Threei} press conference ended, immediately two unrealted headlines appeared

[14:51] {Threei} seriously, it's like whole world stopped and watched

[14:54] {RonS} pcx hod on vol

[14:56] {Les} .04 and 3k off PMI has atoned for earlier sins in MON. C'mon Vad, one good setup to finish!

[14:56] {Threei} don't ask me

[14:56] {Threei} ask market

[14:56] {Threei} see it staying in place?

[14:56] {Threei} running nowhere very fast?

[14:56] {Les} damn. not even tiger could do it

[14:56] {Threei} look what pushing gets you:

[14:57] {Threei} you incur unnecessary loss in MON,

[14:57] {Threei} start hunting fot something to cover it,

[14:57] {Threei} in the same environment of non-moving market, notice

[14:58] {Threei} luckily your next find, PMI, works,

[14:58] {Threei} if it didn't which was just as likely,

[14:58] {Threei} you woyuld have looked at ruined day now

[14:58] {Threei} instead of keeping easy morning profits

[14:58] {Les} lol next time I'll shut up...

[14:58] {Threei} now, have a lok at intraday SPY

[14:59] {Threei} see early move up, and then absolute nothng?

[14:59] {Threei} see where easy money was, and where struggle started?

[14:59] {Threei} don't just shut up... learn

[15:00] {Threei} general opportunities ended after that morning move,

[15:00] {Threei} what left was special niche oportunities

[15:01] {Threei} if you are momo trader for instance, there was UNIS

[15:01] {Threei} if you are news trader, there was RINO

[15:01] {Threei} see where I am going with this?

[15:01] {dino} home

[15:02] {Threei} lol

[15:02] {Threei} think of it in terms of "official" calls and discretionary ones

[15:02] {Threei} that'll help with this distinction of general opportunities vs niche ones

[15:02] {Les} wow 7.50 UNIS b/o was beautiful

[15:11] {Threei} be back in 20

[15:13] {dino} jtp

[15:21] {fernp} Good evening everybody. See you all tomorrow

[15:22] {nemo} hasta la vista fern

[15:22] {RonS} bye fern

[15:22] {shorty} Bye fernp.

[15:22] {shorty} I might do the same thing an call it a day. I don't see any set ups and don't want to risk any of my profits.

[15:26] {Les} PMI going for 7

[15:26] {shorty} LVS is going higher

[15:28] {Les} aig

[15:29] {Threei} back

[15:29] {Threei} take care fern

[15:34] {shorty} Maybe .25 ss on LVS? If it holds .32 res

[15:34] {Threei} pretty much market dependent

[15:34] {Threei} tell you what

[15:35] {Threei} why not papertrade it?

[15:35] {nemo} .25 is the 50 ma

[15:35] {Threei} see how it goes

[15:35] {shorty} Think I will Threei.

[15:35] {Threei} build up confidence

[15:35] {Threei} without risking actual money

[15:35] {shorty} ss .24

[15:35] {shorty} LVS paper

[15:36] {Threei} plus, trail one more useful skill - staying away in uncertain times

[15:36] {Threei} switching to paper, seeing if there is something you can play conasistently,

[15:36] {Threei} then going back to real money in this kind of situations

[15:36] {Threei} raises great self-control

[15:37] {shorty} Stoped out .29 LVS

[15:37] {Threei} skill to stay away will serve you as well as skill to enter and exit

[15:38] {shorty} Staying away in uncertain times....very usefull skill Threei. You are correct. I would have taken a loss.

[15:39] {Threei} Market Internals update at 3:30ET

[15:39] {Threei} - NYSE volume 630M shares, about 20% below its three-month average; advancers lead decliners by 4.3:1.

[15:39] {Threei} - NASDAQ volume 1.69B shares, about 10% below its three-month average; advancers lead decliners by 2.4:1.

[15:39] {Threei} - VIX index -0.50% at just under 17.50

[15:40] {Threei} I seriously hate canadian dollar

[15:40] {shorty} lol

[15:40] {dino} tm

[15:40] {Threei} no news

[15:40] {Threei} what the deuce

[15:41] {Threei} TM Reportedly US plans to fine $16.4M for failing to live up to its legal obligations (80.20, -0.29, -0.36%)

[15:41] {dino} sm l .25

[15:41] {nemo} nice catch dino now get tf out

[15:42] {shorty} Threei...SMMX? Your thoughts. Not much volume though.

[15:43] {Threei} SMMX is merger

[15:43] {Threei} no play

[15:43] {shorty} k..should read the news.

[15:44] {Threei} dunno why TM reacts so violently, 18M is nothing for it comparing to their other losses in all this debacle

[15:45] {dino} out tym .65, =.40

[15:45] {dino} +

[15:45] {Threei} wtg'

[15:46] {Threei} see? niche plays

[15:46] {Threei} not traditional setups

[15:46] {Les} nice one. I was on wrong side again

[15:46] {dino} ty

[15:46] {shorty} wow nice dino

[15:47] {Threei} les, you went against dino again?

[15:47] {Les} i know i know

06[15:47] * nemo slaps Les around a bit with a large IDIOT! stick

[15:47] {Threei} here is a hint for you

[15:47] {Threei} I go against dino very seldom, and always win... know why?

[15:48] {Threei} because I do it only when I manage to get tomorrow's WSJ today

[15:48] {dino} lol

[15:48] {Threei} that's my only chance

[15:48] {Les} :s

[15:48] {shorty} What is WSJ?

[15:48] {nemo} Let me

[15:48] {Threei} wall steet journal

[15:48] {dino} not true les, figure on 3-4 misses/day for me

06[15:49] * nemo slaps shorty around a bit with a large Wall Street Journal

[15:49] {Threei} lol

[15:49] {shorty} lol

[15:49] {nemo} you and les related, shorty?

[15:49] {nemo} cat working on 65

[15:50] {dino} darn, missed hog .50 breakdown

[15:51] {shorty} Could be nemo

[15:51] {Les} just ignore him shorty

[15:51] {nemo} you got a gun?

[15:52] {Threei} ingoring nemo is easy... finding nemo is hard

[15:52] {shorty} I like that movie

[15:52] {nemo} what's worse is, you don't necessarily want to find me

[15:53] {Threei} ok, finding nemo is hard and totally unnecessary

[15:53] {dptl} lol

[15:54] {nemo} VODKA!

[15:54] {Threei} lol

[15:54] {Threei} that's his strongest argument dp

[15:54] {dptl} got me there lol

[15:54] {Threei} strange you two don't play CEDC often

[15:55] {Threei} pretty much the only vodka play in town

[15:55] {RonS} jumpin JOEZ

[15:55] {Threei} and btw, who hasn't tried Russian Standard - do youirself a favor and try it

[15:56] {Threei} reallyt premium brand, much beter than crap they feed you unde Stoli name

[15:56] {shorty} Have a great night everyone, see you tomorrow.

[15:56] {Threei} take care shorty

[15:56] {dptl} yep....true

[15:57] {larisa} later all :)

[15:57] {Threei} take care larisa

[15:57] {Threei} thank you all, have a good evening

[15:57] {Threei} see you tomorrow for 11K party

[15:57] {dptl} good evening all :)

[15:57] {gen} bye

[15:57] {Les} thanks cheers

Apr 01 2010

Boring for the most part but profitable day. Started with WFC and PMI wins, BPOP rinse, ended with whisper.

Session Time: Thu Apr 01 00:00:00 2010

[05:16] {KSystems} Good Morning

[08:14] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET (12:30 GMT)

[08:14] {Threei} - Expectations for initial claims are 440Ke v prior week at 442K

[08:15] {Threei} - Continuing claims seen at 4.61M8e v prior week at 4.648M

[08:28] {ese} morning if anyones up

[08:30] {Threei} ese :)

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 439K V 440KE; CONTINUING CLAIMS: 4.662M V 4.618ME

[08:31] {nemo} dude

[08:31] {ese} morning vad

[08:31] {ese} dude

[08:33] {nemo} market "looks" like it wants to scream upoward

[08:33] {nemo} upward

[08:33] {dino} gm all

[08:34] {Threei} dino :)

[08:34] {Threei} yup... 11K is in crosshair again

[08:34] {dino} i see it

[08:37] {Threei} interesting that market pays no atention to RIMM

[08:37] {dino} amag, rimm, xrtx

[08:37] {dino} holiday push up, seems to be the case

[08:38] {Threei} yeah, ideal trap:

[08:38] {Threei} tomorrow's job numbers are going to be fake but good,

[08:38] {Threei} no market

[08:39] {nemo} Monday will be fade the gap day

[08:39] {Threei} so gap on Monday will get someone with their pants down

[08:40] {dino} who's swimming naked

[08:40] {Raven} {}

[08:45] {ese} skil going nuts

[08:46] {Threei} Yesterday 21:01 SKIL Reaches agreement on raised $11.25/shr cash offer from SSI Investments III Limited (prior offer was $10.80)

[08:46] {Threei}

[08:46] {Threei} not a play

[08:57] {dino} rino

[08:58] {Threei} sw ARQL at 5.60 yeatsreday after hours

[08:58] {Threei} was very tempted...

[08:58] {Threei} should have yielded the temptation

[08:59] {Les} morning

[08:59] {Threei} les :)

[09:02] {Les} what's on the menu today?

[09:02] {Threei} roasted bear meat

[09:03] {Les} huh, the market says up does it

[09:03] {Les} noticed TM daily testing support

[09:04] {Threei} it's already trading above yesterday's high

[09:04] {Les} could be coming down again

[09:04] {Les} TM?

[09:04] {Threei} market

[09:04] {Les} ah sure

[09:06] {Les} TM falls below 200 on daily. will be watching it today

[09:06] {Les} arql

[09:06] {Les} wrong screen

[09:11] {Les} do you play IPO's as part of your strategy vad? SSNC

[09:11] {ese} arql is still headed n in my opinion.......ala abio.....will take it a few days to recover

[09:12] {Threei} strategy is about setups

[09:12] {Les} cool

[09:12] {larisa} gm :)

[09:12] {Threei} IPO is simply a stock with no history, so setups are harder to come by and less reliable

[09:12] {Threei} larisa :)

[09:13] {larisa} :)

[09:20] {lasertrev} gm

[09:20] {Threei} trev :)

[09:24] {shorty} Good morning, April fools day!

[09:24] {gen} gm all

[09:24] {Threei} shorty, gen :)

[09:24] {gen} :)

[09:24] {strider} morning folks.

[09:25] {gen} :)

[09:25] {Threei} strider :)

[09:25] {Threei} SNIC Update: Canaccord Adams initiates with Speculative Buy rating, price target $12 (9.37, 0.00, 0.00%)

[09:26] {Threei} ZION Morgan Keegan analyst: zero chance ZION gets taken out in next 12 months - CNBC interview

[09:26] {Threei} LVS went negative

[09:29] {Threei} let's keep an eye on FITB

[09:29] {Threei} trades near ysterday's high

[09:30] {Threei} March US Vehicle Sales numbers expected throughout the day from major auto makers

[09:30] {Threei} **consensus estimates y/y (adjusted):

[09:30] {Threei} - Ford (Noon ET): +39%e

[09:30] {Threei} - GM (13:45ET): +25%e

[09:30] {Threei} - Chrysler: -4%e (on 3/24 Chrysler said Mar sales would be -10% y/y)

[09:30] {Threei} - Toyota: +35%e (on 3/30 Toyota said Mar US sales would be up 35%)

[09:30] {Threei} - Honda: +17%e

[09:30] {Threei} - Nissan: +43%e (on 3/31 Nissan said Mar US sales would be +35%)

[09:30] {Threei} **Industry sales pace is expected to be around 12M, which would the best month since Sept 2008.

[09:30] {dino} out ctrp leftovers, +1.18

[09:31] {jfjf64} mornin boys and girls

[09:31] {gen} :)

[09:31] {Threei} jf :)

[09:32] {RonS} dino rino

[09:32] {Les} lol a buck against my .12 in LVS which I was so proud of. nice one dino

[09:32] {dino} on it

[09:33] {dino} lucky les, but thx

[09:34] {dino} dwa

[09:35] {dino} mos

[09:35] {Threei} sheesh LVS

[09:36] {dino} gap fill

[09:36] {shorty} missed a good short on that one

[09:36] {Threei} .30 short that I decided to postpone for a few min looks darn good now

[09:36] {shorty} Me too.

[09:36] {nemo} well, if we don't hit 11k today, we'll definitely get it Monday

[09:37] {Threei} 60 points

[09:37] {Threei} it's nothing

[09:37] {nemo} but it would be 140 points today

[09:37] {dino} definitely, now you sound like magoo

[09:38] {nemo} how so?

[09:38] {Threei} Long Setup: WFC.60 break

[09:38] {dino} by saying definitely. he always has those types of statements

[09:38] {Threei} if stays above .50

[09:39] {Threei} let's switch to .45 - .50

[09:40] {dino} ceph sm l .00

[09:40] {dino} wfc lots of trouble around .60

[09:40] {dino} lately

[09:40] {Threei} .40 - .45 now

[09:41] {Threei} 1:1 for scalpers

[09:41] {shorty} PMI goinat it again

[09:41] {nemo} oh well

[09:41] {Threei} 1:2, half out

[09:42] {Threei} stop to .44

[09:43] {RonS} ucbi 6.8 mil sh short, 16% float...$5 break could catch momo

[09:44] {dino} mos lod\

[09:44] {Threei} Long Setup: BPOP .95 if stays above .90

[09:44] {Threei} ese, your type of trade maybe

[09:44] {nemo} .95 or break of?

[09:45] {Threei} try to grab last shares at .95

[09:45] {dino} big sells

[09:45] {RonS} wow, bpop offer size at .95

[09:46] {Threei} that's the point

06[09:46] * nemo slaps RonS around a bit with a large copy of the last 3 minutes of the blog

[09:47] {RonS} get...just sayin...

[09:47] {RonS} get it

[09:49] {dino} vprt sm l .45 thin

[09:51] {ese} tks

[09:52] {dino} gap up and sit

[09:52] {ese} hmmmm that 2 mill offer is daunting for sure

[09:52] {Threei} AUY Reaffirms FY10 guidance

[09:53] {ese} sorry 2 hundred thousand

[09:53] {Threei} you can take it out singlehandedly

[09:53] {dino} thats me es

[09:53] {Threei} and earn eternal dino's gratitude

[09:53] {Threei} (US) Preview: March ISM Manufacturing due out at 10:00ET

[09:53] {Threei} **consensus expectations: ISM Manufacturing: 57.0e v 56.5 prior

[09:54] {Threei} (US) Preview: Feb Construction Spending due out at 10:00ET

[09:54] {Threei} **consensus expectations: -1.0%e v -0.6% prior

[09:54] {ese} lol

[09:54] {dino} :)

[09:54] {gen} KLAC

[09:54] {shorty} ZION set for a steady uptrend?

[09:54] {Threei} .15 is a long trigger on ZION

[09:55] {shorty} Thank you.

[09:55] {Threei} if holding above 22 of course

[09:57] {Threei} how about that

[09:58] {dino} tear down that wall vprt

[09:58] {shorty} long ZION

[09:58] {shorty} 22.15

[10:00] {Threei} *(US) MAR ISM MANUFACTURING INDEX: 59.6 V 57.0E;

[10:00] {Threei} *(US) FEB CONSTRUCTION SPENDING (M/M): -1.3% V -1.0%E

[10:01] {dino} ceph stopped -.27

[10:01] {Threei} Long Setup: PMI .75 break

[10:02] {Threei} if stays above .70

[10:03] {ese} in

[10:05] {Threei} 1:1

[10:05] {Les} ty

[10:06] {shorty} ty

[10:06] {ese} out

[10:06] {ese} +.05 tks vad

[10:06] {Threei} 20K little buggers?

[10:06] {ese} 5k

[10:07] {Threei} you ate a modesty pill this morning?

[10:08] {Threei} oh, I get it

[10:08] {dino} vprt to .88

[10:08] {ese} still not that confident after coming back from Italy

[10:08] {Threei} you devoted too much buying power to taking out that dino's offer on BPOP

[10:08] {dino} out vprt +.43

[10:08] {Threei} nice

[10:08] {ese} to be honest am keeping my eye on abio.......wannna go huge there

[10:09] {Threei} what do you see as trigger? .65?

[10:09] {Threei} or .50?

[10:10] {shorty} out zion for a big loss, for me that is

[10:10] {ese} not yet....am looking for some kind of uptrend signal

[10:11] {ese} moving avgs up....higher lows that sort of thing

[10:11] {Threei} shorty... don't you know the size of the loss you are willing to take BEFORE taking the trade??

[10:11] {dino} kmx

[10:11] {shorty} Yes

[10:11] {shorty} I was expecting it.

[10:11] {Threei} loss is planned in advance

[10:12] {Threei} and counted on

[10:12] {Threei} if you consider it a big loss for you, why do you take the trade with this stop and this position size?

[10:12] {dino} shorty, profits=luck; losses =skill

[10:12] {Threei} risk is your FIRST consideration for the trade

[10:12] {Threei} profit is second

[10:15] {shorty} It's a big loss considering how many cents, but in terms of money, it's peanuts because of the amount of shares that I played. Practicing, making mistakes that won't criple my account, I geuss.

[10:15] {Threei} well, you did take a loss before stop was hit

[10:16] {Threei} means to me, it exceeded your pain limit

[10:16] {shorty} My stop was 22, and I pulled the trigger as soon as I saw 22

[10:16] {Les} stopped bpop

[10:16] {shorty} That is it, I had no idea what my pain limit is, in a way.

[10:16] {Threei} yeah, someone's effort to take out that offer went to waste on BPOP

[10:17] {dino} use $ figure and divide by shares. thin stock smaller shares and wider stop

[10:18] {dino} fwiw shorty, my typical sm is 300, w/.33 stop

[10:19] {dino} xrtx l .50

[10:20] {shorty} Thanks dino. .33 is more then double then I would expect. .10 is where I usually would stop, but I picked 22 so -.15.

[10:20] {Threei} shorty... this is so very wrong

[10:21] {Threei} whole approach

[10:21] {Threei} you don't place stop depending on how much you are willing to lose

[10:21] {Threei} you place stop where chart tells you to

[10:21] {shorty} That is good to hear, in a weird way Threei. It's encouraging words.

[10:21] {Threei} and regulate monetary risk by position size

[10:22] {Threei} please do two things

[10:22] {shorty} Can you help me with ZION? How would you hae played, assuming you would have.

[10:22] {shorty} have

[10:23] {Threei} 1. read http://blog.realitytrader.com/2007/04/stops-why-and-how.html

[10:23] {Threei} 2. go to paper trading at this point, and stay with it until you've gone through MPP, built your trading approach from ground up,

[10:24] {Threei} and watched videos couple times

[10:24] {shorty} You got it Threei.

[10:24] {Threei} on ZION, I would have figured out stop size (16-17 cents,

[10:24] {Threei} defined my max loss,

[10:25] {shorty} Thanks, and I got the video last night.

[10:25] {Threei} determined position size coming from that,

[10:25] {Threei} bought .15,

[10:25] {Threei} placed stop under 22

[10:25] {Threei} but there is more to all this

[10:26] {dino} xrtx stopped -.11

[10:26] {Threei} one particular example does not allow to describe all the variables

[10:26] {dino} mos lod

[10:30] {shorty} CENX going up

[10:30] {Threei} UNG

[10:30] {Threei} EIA NATURAL GAS INVENTORIES: +12 BCF VS. +15 TO +20 BCF ESTIMATE RANGE

[10:31] {nemo} too funny

[10:31] {Threei} ?

[10:31] {Les} got me .05 for 5k bit of compensation for bpop loss

[10:32] {nemo} record inventories and the increase is a tad less than expected

[10:32] {Les} crap did I sell out too early or what

[10:36] {Threei} GENT

[10:36] {Threei} is it one of those that go with no stop?

[10:36] {dino} mos sm l .60, stop .29

[10:37] {Threei} March 31, 2010 7:57:10 PM

[10:37] {Threei} Gentium Spa ADR Reports Q4 Net loss 50K v loss 3.5M y/y, Rev 4.1M v 1M y/y

[10:37] {Threei} - Cash and cash equivalents 1.39M as of Dec 31, 2009

[10:41] {dino} mos stopped

[10:46] {dino} xrtx last try l .52

[10:47] {ese} L athr .05

[10:47] {ese} i'd thought about xrtx also dino

[10:48] {dino} can't get thru .60

[10:48] {ese} ya

[10:49] {ese} mrkt not giving it any help

[10:49] {ese} got a hunch i'm gonna be bitin it on athr also

[10:49] {dino} w/that report shouldn't matter

[10:49] {dino} but it does

[10:50] {ese} true

[10:50] {Les} UNG looking for a b/o vad, you see anything there?

[10:51] {Threei} not really

[10:51] {dino} out .70, +.18

[10:51] {Threei} relief rally after long hard dump is just as likely as sellers using this as a chance to pound it once again

[10:51] {dino} "after long hard dump" sheesh, tmi

[10:52] {dino} rino lod

[10:56] {ese} out athr even

[10:57] {dino} layn

[10:58] {Les} is there half day market tomorrow? or none?

[10:59] {Threei} none

[11:00] {gen} im done

[11:00] {gen} was a good day

[11:00] {gen} :)

[11:00] {Les} good stuff

[11:00] {gen} cy all

[11:00] {Les} bon weekend

[11:00] {shorty} good weekend gen

[11:01] {gen} tnx all

[11:01] {gen} you too

[11:01] {Threei} take care gen, have a good weekend

[11:02] {dino} ugh xrtx

[11:02] {dino} cya gen

[11:04] {jfjf64} enjoy g

[11:04] {Threei} lordy

[11:04] {Threei} with your reaction time guys, I truly hope you are not the ones I can count on if I call emergency

[11:05] {nemo} mos hold here dino?

[11:05] {Les} hey you're boss man in front of screen...

[11:05] {dino} darn dial=up 3i

[11:06] {dino} mos, yeah, think so

[11:11] {dino} mos dk w/mkt dropping

[11:14] {Threei} EFOI Awarded $2.1M in contracts

[11:14] {Threei} - turnkey lighting retrofit division Stones River Companies, LLC ("SRC") was recently awarded three additional lighting energy services contracts totaling $2.1 million, coming to a total of $16.5 million contracts awarded to Energy Focus' new business unit.

[11:14] {Threei} - Note: Co reports approx $4M in revenues per quarter

[11:15] {dino} i might be crazy, but gut says mkt wants to fill open gaps

[11:16] {nemo} "might be"....

[11:17] {nemo} mos dino

[11:17] {dino} lol, seems so

[11:17] {dino} missed it

[11:17] {nemo} I was staring it in the face "cross of .85...nahhhh"

[11:18] {dino} pwrd blood

[11:18] {dino} xrtx drop

[11:20] {RonS} kmx salmon?

[11:20] {dino} good report

[11:20] {Threei} not really Ron

[11:20] {Threei} some creature unknown to science

[11:21] {Threei} Palm, Inc Verizon wireless promoting Pre Plus at $49.99, Pixi Plus at $29.99 with two year agreements - Boy genius report

[11:21] {Threei} - Verizon lowers price of Pre mobile hotspot service to free from $40

[11:21] {Threei} race to the bottom?

[11:22] {RonS} ad model?

[11:22] {Threei} this is going to cost you about 1K per vehicle:

[11:22] {Threei} US) EPA and DoT confirm national emission standards for new cars and trucks

[11:22] {Threei} - Sets average fuel efficiency standard of 35.5 mpg starting with 2012 new vehicles

[11:23] {dino} pwrd sm l .26

[11:33] {dino} mos

[11:35] {RonS} rino spread dino

[11:36] {dino} see it

[11:36] {dino} not sutre drop is done

[11:36] {dino} sure

[11:37] {RonS} i want rino l 21.90

[11:37] {dino} it's a pulp stock

[11:37] {RonS} ?

[11:37] {dino} seinfeld; george "pulp moves baby"

[11:37] {Threei} hehe

[11:38] {Threei} how disturbing is this, that I understand these references at once

[11:38] {dino} been here a long time

[11:39] {Threei} in this room you mean? yeah, I am practically an old-timer

[11:40] {dino} indeed

[11:42] {jfjf64} x .90

[11:44] {Threei} big gap up, then staying in narrow range... what does it tell us about next market move?

[11:45] {nemo} well, could be consolidation for next up( previous move before consolidation indicates subsequent move), it could also stay this way because of jobs report tomorrow

[11:46] {Les} that its good times for all and we're all going to be rich?

[11:46] {RonS} up, probably

06[11:46] * nemo slaps Les around a bit with a large lead pipe

[11:46] {Threei} yeah, my bet would be up on Monday, most likely by gapping again

[11:46] {nemo} if not today...Monday 11k

[11:47] {dino} rino sm l .20

[11:47] {Threei} that's my contention

[11:47] {Les} gotta find food to cover holiday. later.

[11:47] {Threei} this quiet is very telling

[11:47] {dino} cya les

[11:47] {shorty} good weekend Les

[11:47] {nemo} the roaring silence

[11:47] {dino} i'll take opposite on monday

[11:48] {Threei} using words of Ursula K LeGuin,

[11:48] {Threei} Only in silence, the word; only in dark, the light; only in dying, life: bright the hawk's flight on the empty sky

[11:48] {RonS} bye les

[11:48] {nemo} she did her own translation of the Tao Te Ching

[11:48] {Threei} really?

[11:48] {nemo} yes

[11:48] {dino} in the words of dino; "woof"

[11:49] {Threei} ok... I can see where it's oming from then

[11:49] {nemo} A friend of mine also used one of her novels in the Government class he taught at a local university

[11:50] {Threei} UNG resolved up

[11:50] {nemo} http://dannyreviews.com/h/Tao.html

[11:50] {RonS} sounds like carlos castaneda after some peyote

[11:50] {Threei} lol, yes

[11:50] {nemo} http://www.fantasticfiction.co.uk/l/ursula-k-le-guin/lao-tzu-tao-te-ching.htm

[11:50] {Threei} The conditions of a solitary bird are five: The first, that it flies to the highest point; the second, that it does not suffer for company, not even of its own kind; the third, that it aims its beak to the skies; the fourth, that it does not have a definite color; the fith, that it sings very softly

[11:51] {RonS} jesus, aldous huxley was so much better

[12:02] {Threei} IMMR...

[12:02] {Threei} in retrospect, .40 break was worth it... didn't trust it at the time

[12:05] {Threei} even Porsche ... Reports March US sales +9% y/y

[12:06] {Threei} F Reports March US Vehicle sales +42.7%(unadjusted), 35% (adj total sales) v 39%e (adjusted); to 178.5K units

[12:07] {dino} ctrp drop

[12:11] {dino} sm l vprt .25

[12:12] {dino} pwrd to .73

[12:13] {dino} to .81

[12:14] {dino} to .86

[12:14] {strider} :)

[12:14] {dino} you in

[12:15] {strider} got out way early.

[12:15] {dino} make $

[12:15] {strider} a few

[12:15] {dino} ?

[12:15] {dino} gj

[12:15] {strider} only +.21

[12:16] {strider} need to work on my abs.

[12:16] {dino} jumpy one

[12:17] {dino} at .88

[12:22] {dino} out pwrd .89, +.63

[12:22] {shorty} nice

[12:22] {dino} ty

[12:23] {dino} rino and vprt riding that white horse

[12:24] {dino} as in death

[12:29] {dino} vprt stop is .98

[12:30] {Threei} wow

[12:30] {Threei} Chrysler reports US vehicle sales +10% m/m

[12:31] {Threei} if Chrysler increases sales, crisi is officially over

[12:31] {shorty} crisi?

[12:31] {Threei} -8% y/y

[12:33] {shorty} crisis..sorry

[12:34] {shorty} Might get a mini van next year, depends if we have another child. Probably would by a dodge.

[12:34] {dino} tstc strange, beats

[12:36] {shorty} by=buy

[12:39] {dino} the mini van is cheaper than another kid, :)

[12:39] {shorty} lol

[12:40] {Threei} lol

[12:40] {Threei} rofl

[12:40] {shorty} Threei, should stick to my game plan. Stupid thing I did on ZION. I usually play 5-10 cent scalps with a 5-6 cent loss.

[12:41] {Threei} there is nothing wrong with a play as long as it's a valid setup...

[12:41] {Threei} if risk is bigger than what you accept, decrease siz

[12:41] {Threei} if it's impossible, skip a play

[12:41] {shorty} or don't play it.

[12:42] {Threei} right

[12:43] {shorty} I feel like a child. "Don't do it! I said Don't do it!... I told you not to do it, see what happened."

[12:44] {Threei} what's with prolonged self-flagellation about one single play... :)

[12:45] {shorty} Part of growing up Threei.

[12:45] {shorty} As a trader that is.

[12:45] {Threei} make it a constructive process

[12:45] {dino} vprt stopped

[12:46] {Threei} every erroneous trade is a contribution into education

[12:46] {shorty} I have yet to grow up as an adult.

[12:46] {Threei} take a lesson out of it to weed out this mistake, and that trade paid for itself

[12:46] {Threei} by removing this kind of errors from your future tradingf

[12:46] {dino} cagc lod

[12:49] {shorty} Thanks Threei.

[12:50] {dino} good trading is not about being right, it's about trading right.

[12:50] {dino} now somebody push rino up

[12:51] {dino} xrtx pulling back

[12:52] {dino} 3i, thoughts on tstc

[12:52] {shorty} I hear you dino.

[12:53] {Threei} still feels down to me

[12:53] {dino} livermoore said it best shorty, "a loss never bothers me after i take it"

[12:53] {dino} tstc .33 area is tell, imo]

[12:54] {ese} .

[12:54] {dino} ..

[12:54] {ese} ...-...

[12:54] {ese} sos

[12:54] {larisa} oh no, you pushing dino to tell his moth joke again :)

[12:55] {dino} lol

[12:55] {jfjf64} until monday my trading family ENJOY

[12:55] {dino} sos made me think riana

[12:55] {nemo} cya jf

[12:55] {larisa} bye jf :)

[12:55] {RonS} bye jf

[12:55] {dino} cya jf

[12:55] {ese} is that the code for sos?

[12:55] {ese} later jf

[12:56] {larisa} this is :)

[12:56] {dino} riana sings sos song i think

[12:56] {ese} lol

[12:57] {RonS} The Police

[12:57] {Threei} take care jf

[12:58] {larisa} vad, you are not on my emergency list either

[12:58] {Threei} lol

[12:58] {dino} why not?

[12:58] {dino} he's on mine

[12:58] {dino} lol

[12:59] {larisa} takes him too long to respond :)

[12:59] {Threei} I just practiced typing with my knees larisa

[12:59] {Threei} boredom does it to you

[13:00] {nemo} I gotta' go c u on Monday after the gap up :)

[13:00] {shorty} Good weekend

[13:00] {dino} take care nemo

[13:00] {shorty} jf and nemo

[13:00] {Threei} take care nemo

[13:01] {larisa} bye nemo

[13:01] {RonS} bye nemo

[13:01] {larisa} FCX is so pathetically strong

[13:08] {dino} rino to b/e

[13:19] {Threei} NSANY Reports March US vehicles sales +43% (unadjusted),

[13:19] {Threei} wow... didn't think I made such difference

[13:24] {shorty} Have a great weekend everyone. See you Monday.

[13:24] {dino} csc

[13:24] {dino} cya shorty

[13:24] {Threei} take care shorty

[13:32] {Threei} BEXP Announces Two High Initial Rate Bakken Completions and Provides Operational Update

[13:33] {dino} husa

[13:45] {dino} rino stopped +.08

[13:45] {ese} L dabbling abio.39

[13:47] {dino} ndx gap fill

[13:47] {Threei} no news

[13:47] {Threei} IMO, just luring shorts in

[13:48] {larisa} sigh

[13:48] {Threei} 11K larisa, make your peace with it...

[13:48] {larisa} men are so stubborn.. not in good way

[13:48] {Threei} that hat is not even in drawer... it's right on the desk

[13:50] {larisa} I will send dino's moth, so it can eat your hat.

[13:50] {Threei} what's with EXEL?

[13:51] {dino} lol

[13:54] {larisa} :)

[13:58] {dino} l cagc .20

[14:00] {dino} tstc lod

[14:01] {KSystems} Good bye, have a relaxing long weekend y'all

[14:01] {dino} cya ks\

[14:01] {KSystems} bye dino!

[14:01] {larisa} bye KS :)

[14:01] {KSystems} larisa ;)

[14:02] {Threei} take care ks

[14:05] {Threei} late again...

[14:05] {ese} are the mrkts open tomorow?

[14:06] {Threei} no

[14:06] {Threei} loooooong weekend

[14:06] {ese} tks

[14:06] {ese} open tuesday

[14:06] {Threei} (EU) Committee of European Securities Regulators (CESR) to investigate high frequency trading in Europe - UK Telegraph

[14:06] {Threei} - CESR plans to look in to several "technology driven" developments as part of the EU's revision of trading rules known as markets in financial instruments directive (MiFID). This week a report by Aite, a consultancy, suggested that high-frequency trading could account for almost half of Europe's equities trading volumes by 2012.

[14:06] {Threei} - The committee said its inquiry will cover other technology driven strategies including sponsored access, co-location services, fee structures, trade tick regimes and indications of interest.

[14:07] {Threei} idiots

[14:07] {dino} never ends

[14:08] {Threei} do you have this stomach-churning feeling that they win?

[14:09] {dino} yes

[14:09] {Threei} me too

[14:15] {ese} gone for the weekend all take care

[14:15] {Threei} have a great one ese

[14:17] {dino} cya es

[14:19] {dino} cagc to .34

[14:19] {dino} to .36

[14:19] {dino} big slip ave .32, +.12

[14:20] {dptl} Hi everyone

[14:20] {dino} hi dp

[14:21] {Threei} dp!'

[14:21] {dptl} how's things?

[14:21] {dino} good

[14:21] {dptl} :)

[14:22] {dino} and you?

[14:22] {dptl} good good

[14:26] {Threei} (CH) White House: Obama administration still believes a China move to a more free floating currency will help global imbalances

[14:26] {Threei} - pleased that China Hu's will be attending summit in the US on April 15.

[14:27] {dino} again, never ending

[14:28] {Threei} I miss my 17

[14:28] {dino} rimm lod

[14:28] {Threei} that was when I thought idiots would lose eventually

[14:29] {Threei} what amazes me the most is the self-descructing instincts that take over self-preserving

[14:29] {Threei} and absoluteinability to learn from history

[14:29] {dino} egomaniacs

[14:29] {Threei} what the hell do you, imbeciles, not undertand about USSR collapse?

[14:29] {Threei} why would you, imbeciles, wat to repeat the failed experiemnt?

[14:30] {Les} am enjoying "Black Mass" by John Gray

[14:30] {Threei} how can anyone not see that this is exact same path?

[14:31] {Les} he theorises that this thinking is derived from Christian heritage

[14:32] {Les} marxism and Bush/Obama type liberalism being latest pseudo scientific religions

[14:32] {Threei} Bush liberalism?

[14:32] {Threei} that's something you don't hear every day

[14:35] {Les} ha. his idea of crusade to spread democracy

[14:36] {Threei} that's liberalism?

[14:36] {larisa} lol

[14:36] {Threei} someone is very loose with definitions

[14:36] {Les} well that was in vogue ten years ago

[14:37] {dino} bush would shake in his boots being called liberal

[14:37] {dino} i may be right yet about the gap fills

[14:37] {Les} for futures?

[14:37] {Les} ung

[14:37] {dino} in the a.m. i said gut felt open gaps would fill

[14:38] {Les} k

[14:38] {dino} mos

[14:41] {RonS} Truth stranger than fiction: Newark, New Jersey, Has First Murder-Free Month in 40 Years

[14:49] {dino} mos l .09

[14:51] {Threei} AMZN FTC investigating ties with Google - NY times cites sources (131.56, -4.21, -3.10%) (related GOOG )

[14:52] {Threei} - souces note recent resignation of John Doerr from the Board of Amazon was due to an inquiry from the FTC

[14:57] {RonS} ...appears someone found out about this at 11:17

[14:58] {dino} rino lod

[14:58] {RonS} rino shot and killed

[14:59] {dino} lol

[15:03] {dino} back in 10

[15:19] {Threei} bored? guess who is on TV

[15:20] {Les} alanis morissete?

[15:20] {dino} king midas

[15:21] {Threei} you wish

[15:21] {dino} the campaign never ends

[15:21] {Threei} discussing benefits of health care for small businesses

[15:21] {Threei} what to discuss? they can calculate

[15:22] {Threei} you can't convince them with words one way or another

[15:22] {Threei} it ether works for them or not

[15:25] {Threei} I for one haven't met any single small business owner that couldn't tell good for his business from bad

[15:27] {RonS} “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is ...m

[15:27] {RonS} ...the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

[15:28] {RonS} Joseph Goebbels

[15:29] {RonS} .with that , i am outahere. Thanks all and have a good weekend

[15:29] {Les} ciao

[15:29] {dino} i swear by my life and my love of it that i will never live for the sake of another man, nor ask another man to live for mine. ayn rand

[15:29] {Threei} you too Ron

[15:29] {dino} cya ron

[15:30] {dino} out mos .17, +.08

[15:36] {Les} I always thought "I am the State!" a much simpler dictum...

[15:36] {Les} King Obama 1st.

[15:37] {dino} tstc

[15:37] {Threei} AVNR...

[15:37] {Threei} no news

[15:37] {Threei} just junk with pulp qualities

[15:37] {dino} lol

[15:38] {dino} tstc l .05

[15:45] {dptl} lasertrev ...dcc please

[15:46] {dino} out tstc .20, +.15

[15:49] {Threei} good finish

[15:51] {dptl} have a good weekend all....see you all monday :)

[15:51] {Threei} take care dp

[15:52] {lasertrev} see ya dptl

[15:53] {dino} cya dp

[15:55] {Threei} the day seems like an eternity, I can't remember what we traded in the morning

[15:56] {strider} vad's lost it.

[15:58] {Les} ciao all. bon weekend

[15:59] {Threei} thank you all

[15:59] {Les} trading monday?

[15:59] {Threei} have a good long weekend, see you on Monday

[15:59] {Threei} for 11K

[16:00] {dino} did seem long did about 15 trades

[16:00] {Threei} look at BPOP

[16:00] {dino} best day i've had in weeks

[16:00] {dino} thx all

[16:00] {Threei} darn thing shaken us out, and now went back up and ready tp gap