Apr 23 2010

Despite somewhat rough start with two small stops on HBAN and FITB, we continued strong with 20 cents win on MGM, nice trade on SKS and whole bunch of scalps on both sides (mostly long though). All in all, good end to a good week. Have also a look at the new partnership we have just forged: http://www.realitytrader.com/blackboxforex.html

Session Time: Fri Apr 23 00:00:00 2010

[08:18] {magoo} morning

[08:18] {magoo} mm

[08:19] {nemo} mm

06[08:23] * magoo slaps Threei around a bit with a large trout

[08:23] {magoo} wake up vad

[08:24] {Threei} okay okay...

[08:24] {Threei} (GR) Greece Fin Min Papaconstantinou: Need to activate aid was due to recent EuroStat revision to the 2009 deficit/GDP ratio and sovereign downgrade by Moody's

[08:24] {Threei} - Say first tranche will be available before May 19

[08:25] {Threei} SP) Spain Deputy PM: Greece request is positive news; Spain cabinet to approve Greek aid

[08:25] {Threei} but of course

[08:25] {magoo} amzn wild last nite ill tell ya

[08:25] {Threei} PALM Pre-market volume attributed to reports that HTC has decided against a bid, with Lenovo emerging as a more credible acquirer

[08:25] {Threei} - Lenovo rumored to be bidding approx $1.3B (current Palm market cap $820M

[08:26] {Threei} Amazon.com Inc Reports Q1 $0.67 v $0.61e, R $7.13B v $6.9Be

[08:26] {Threei} - Guides Q2 Revenues R $6.1-6.7B v $6.4Be

[08:36] {Threei} GR) German CDU: Waiting for IMF-Greek aid discussions to end; To legislate for aid after discussions

[08:36] {Threei} US) MAR DURABLE GOODS ORDERS: -1.3% V 0.2%E; EX TRANSPORTATION: +2.8% V 0.7%E

[08:39] {Threei} GR) PIMCO's El-Erian: Greece is only an early indicator of a general trend we will be seeing more of, expects Treasuries to gain further as investors seek safe havens

[08:40] {Threei} - The Greek crisis will continue to drive capital flows within Europe and between Europe and the rest of the world.

[08:47] {Threei} earlier news, but interesting to read the way they put it in words

[08:47] {Threei} *(GR) GREECE ASKS TO FORMALLY ACTIVATE EU/IMF RESCUE PACKAGE

[08:47] {Threei} - Was of imperative importance to activate the rescue package.

[08:47] {Threei} - PM says Greece's "ship was ready to sink" and was exposed to speculators.

[08:47] {Threei} - Greece will not allow market's speculators to threaten sacrifices made by Greek people.

[08:47] {Threei} - Markets did not respond to EU Summit anounce on support package and have not given the country enough .

[08:47] {Threei} - Hopes decision will bring "safe harbour," Greece has taken painful measures to regain credibility.

[08:47] {Threei} - Will reach our target, to ask the Finance Ministry to formally begin the aid process.

[09:01] {Les} alcohol and antihistimines - the only way to fly during pollen season

[09:02] {Threei} why do you need to fly... if you were intended to you 'd be given wings

[09:02] {Les} i feel like crap, but don't let that spoil everyone else's day. Good morning

[09:02] {Threei} hi

[09:02] {Threei} lol

[09:03] {Threei} btw, yesterday when you decided to leave, we decided you can't

[09:03] {Les} what is this - democracy?

[09:04] {Threei} [13:37] {Threei} I vote against Les leaving

[09:04] {Threei} [13:38] {jfjf64} me tooooooooooooooooooo

[09:04] {Threei} [13:38] {dptl} ye...no slakers :)

[09:04] {Threei} [13:38] {Threei} really

[09:04] {Threei} [13:38] {Threei} fern is in the same time zone, and look - still suffers here with us

[09:04] {Threei} [13:38] {Threei} nopt even speaking of vasilisa

[09:04] {Threei} [13:39] {fernp} true

[09:04] {Threei} [13:39] {Threei} who has 8:40 pm in her neck of the woods

[09:04] {Threei} [13:39] {dino} 1:40 here

[09:04] {Threei} [13:40] {Threei} 10:40 am here

[09:04] {Threei} [13:40] {shorty} 11:40

[09:04] {Threei} [13:41] {Threei} patience, I can't even begin to calculate her time right now

[09:04] {Les} Or are you setting global precedence for tyrannic rule by decree?

[09:04] {Threei} see? voting

[09:04] {Threei} so yeah, democracy

[09:04] {ese} gm

[09:05] {Threei} ese :)

[09:05] {Les} well I can leave mibbit running but will walk away anyway when I have profit target - if that makes you feel better

[09:05] {ese} hey vad

[09:06] {Threei} just give some signal that you are still suffering with us, and we will be more than happy :)

[09:06] {ese} following anything in particular

[09:06] {Les} ha. just being here tells you I'm suffering ;)

[09:06] {Threei} not really

[09:06] {Threei} most of stocks are move together so far

[09:06] {Threei} don't see anything outstanding

[09:07] {nemo} Is Les Leaving ????

[09:07] {Threei} so it's uisual suspects at this point

[09:07] {Les} yeh had enough of your antics nemo

[09:07] {Threei} lol

[09:07] {nemo} wow, Xmas comes early

[09:07] {Threei} pipe down nemo, that was simply his exit for the evening yesterday :)

[09:08] {ese} dude

[09:08] {Threei} AMAN

[09:08] {Threei} AMZN

[09:08] {nemo} well, that ruins my day

[09:08] {Threei} sudden spasm of happiness

[09:09] {nemo} yeah, turned into diarhhea

[09:09] {Threei} lol

[09:10] {Threei} yeah yeah, you both say so... yet Les was unfocused and almost lost on nemo's day off, and nemo has no drive at all when Les is not here

[09:10] {magoo} aig active'

[09:10] {nemo} now you're slinging it

[09:10] {Threei} and I can't imagine what I'd do if you both took day off

[09:10] {Les} Acura Pharma (ACUR) -40% after an FDA panel voted 19-1 against its Acurox painkiller, designed to discourage misuse. The drug uses niacin, which would cause irritation and flushing if patients take excessive doses, but panelists noted the negative effects could be eliminated by eating food or taking aspirin.

[09:11] {Les} you gotta love human beings. smarter than the average pharma...

[09:11] {Les} acur looks like a dino candidate

[09:11] {Threei} GR) German Deputy Fin Min: Speculation about restructuring in Greece is misplaced

[09:11] {Threei} GR) ECBs Weber: Greece is no strong challenge for Euro stabili

[09:12] {Threei} of course not

[09:12] {fernp} Good morning everybody

[09:12] {Threei} fern :)

[09:12] {Threei} (EU) ECB's Nowotny: Aid for Greece should shield other countries from contagion; blames rating agencies for the worsening of the financial crisis

[09:12] {Threei} yesss!!

[09:12] {Threei} that's who caused it all

[09:13] {Les} are these blogs archived long term vad?

[09:14] {Threei} yes

[09:14] {Les} cool

[09:14] {Threei} you can track room logs to the day we started them

[09:14] {Les} I think I could write a book on this place

[09:14] {Threei} 2007 I think

[09:14] {Les} the people in it and the silly BS we are fed by officials every day

[09:14] {Threei} well, since I have copyright on them, you can - but I'll demand my cut

[09:14] {dptl} good morning

[09:14] {Threei} dp :)

[09:14] {Les} ouch

[09:16] {dino} gm all, want to freak out, look esi

[09:16] {Threei} dino :)

[09:16] {RonS} gm all...wondering if ACTG might have some legs...

[09:16] {Threei} ron :)

[09:16] {Les} rewatching Band of Brothers. Damn, you wanna talk sacrifice, there it is. Greek people don't know meaning of the word

[09:16] {dino} good series, pacific is good too

[09:17] {Threei} uh oh

[09:17] {Threei} here goes:

[09:17] {Threei} (SP) Spain Fin Min Salgado: There is no risk of contagion for Spain

[09:17] {dino} bucy blood

[09:17] {dino} lol spain, sounds familiar

[09:17] {RonS} esi move off dv report and reaction

[09:17] {lasertrev} morning

[09:18] {Threei} trev :)

[09:18] {dino} cyber shows last at 16 -96.69, bad print

[09:18] {Threei} ACTG esrning are quite spectacular:

[09:18] {Threei} Acacia Research Corporation Reports Q1 $0.55 v $0.02e, R $40M v $17M y/y

[09:19] {Threei} fern, do you feel like bailing out Greece?

[09:19] {Threei} well, no one bothered to ask you I or any other citizen guess:

[09:19] {Threei} SP) Spain Econ Min: Spain's contribution to aid package is maximum of 3.67B

[09:20] {Les} wow esi is back in play

[09:21] {Threei} what's the problem with it?

[09:21] {Threei} earning and guidance look OK

[09:21] {Threei} Reports Q1 $2.46 v $2.28e, R$384M v $373Me; Guides FY10 higher to $10.50-11.25

[09:21] {Threei} - New Student Enrollment 23.1K v 19.5K q/q

[09:21] {Threei} - Continuing Students 61.5K v 61.2K q/q

[09:21] {Threei} - Total Student Enrollment 84.6K v 80.7K q/q

[09:21] {Threei} - Raises FY10 EPS $10.50-11.25 v $10.40e

[09:22] {shorty} good morning all

[09:22] {Threei} shorty

[09:22] {Les} KEY has a .20 break that is promising

[09:23] {gen} gm all

[09:23] {Threei} gen :)

[09:25] {RonS} syna 13 mil short, 45% of float

[09:26] {dino} 108 area esi has been bounces

[09:30] {Threei} watching HBAN

[09:32] {magoo} 2 pt candle amzn

[09:32] {Threei} Long Setup: FITB 15 break if stays above .95

[09:33] {Threei} Long Setup: HBAN .15 break

[09:34] {Threei} FITB not a scalp for me if sets up

[09:36] {Les} KEY

[09:37] {Threei} no rinsing FITB

[09:38] {Threei} grrr

[09:38] {fernp} stopped FITB

[09:38] {nemo} stop on hban?

[09:39] {Threei} under .10 for scalpers, .05 for day traders

[09:39] {fernp} HBAN stop, Vad?

[09:40] {magoo} yup

[09:40] {magoo} COF vad

[09:41] {Threei} .50 break COF... risky as hell

[09:42] {Threei} LVS

[09:42] {nemo} fas breaking down finanacials are junk for now

[09:44] {Threei} market losing ground

[09:44] {Threei} out HBAN

[09:45] {Les} stopped .13 moved over to the dark side .09

[09:45] {fernp} stopped HBAN

[09:46] {Threei} MGM

[09:47] {ese} xrx xerox beats

[09:47] {Threei} Long Setup: MGM .20 break if stays above .10

[09:47] {KSystems} morning

[09:47] {Threei} ks :)

[09:48] {Threei} invalidated

[09:49] {dino} idxx

[09:49] {shorty} My wife works for IDXX

[09:49] {Les} and you couldn't give us a heads up this morning shorty!

[09:50] {shorty} sorry

[09:50] {Threei} US) Preview: March New Home Sales due out at 10:00ET

[09:50] {Threei} **consensus expectation: 325Ke v 308K prior

[09:50] {Threei} - most estimates range between 310K and 340K

[09:52] {Threei} MGM setup is back

[09:52] {ese} L gild .03

[09:53] {dino} dv

[09:53] {nemo} in

[09:53] {Threei} both LVS and MGM look like runners

[09:53] {nemo} that would be nice

[09:53] {Threei} LVS broke out

[09:54] {ese} i'm in mgm

[09:55] {nemo} what's the stop mgm .10?

[09:56] {Threei} yes

[09:56] {Threei} wth... am I havng one of those days?

[09:56] {Threei} and Fri again

[09:57] {Threei} maybe someone up there is telling me I need to go to 4 days working week {G}

[09:57] {Threei} LVS new high again

[09:57] {Threei} come on already MGM

[09:58] {dino} cs sm .65 l

[09:58] {dino} apol sm l .50

[10:00] {Les} hban stopped

[10:00] {Threei} US) MAR NEW HOME SALES: 411K V 325KE (% M/M

[10:01] {jfjf64} len tkin off

[10:02] {magoo} early rinse vad, hban cof

[10:02] {magoo} fitb

[10:02] {Threei} yes

[10:02] {ese} out gild .33 +.30

[10:02] {shorty} nice ese

[10:03] {Threei} stop to under .15 MGM

[10:03] {ese} tks

[10:03] {Threei} 1:1 finally

[10:03] {Threei} make up your mind

[10:03] {fernp} ty Vad

[10:04] {Threei} me half

[10:04] {Threei} and stop to .19

[10:04] {Threei} me greedy

[10:04] {ese} out mgm .32 +.10

[10:04] {Threei} 25K little buggers

[10:05] {ese} tks vad

[10:05] {Les} half out .33. resistance .45

[10:05] {ese} no 3k

[10:05] {shorty} ty Threei.

[10:05] {ese} one must not be greedy

[10:05] {nemo} shwere's stop now on mgm?

[10:05] {Threei} well, what one to do if one is stupid...

[10:06] {shorty} CIEN THreei?

[10:06] {Threei} [10:04] {Threei} and stop to .19

[10:06] {Threei} CIEN pullback entry hunt is around .85

[10:07] {shorty} ty

[10:07] {Les} you been taking stupid pills Nemo, or you just wanna be like me?

[10:07] {Threei} MNKD Follow-up Safety Data Show AFREZZA Comparable to Standard Antidiabetic Therapy in Lung Function Tests

[10:07] {nemo} the meds suppressing my travelling/homicidal tendencies need rebalancing

[10:07] {Threei} rofl

[10:07] {Les} hehe

[10:08] {shorty} lol

[10:08] {magoo} no quotes on roflol vad

[10:08] {Threei} I have an interesting feeling, you two would be the best drinking buddies should we meet for a party

[10:08] {Les} esi 111 break

[10:08] {nemo} Yeah...I just keep looking at my passport

[10:08] {Threei} it's pink sheets, mags

[10:09] {magoo} ah, the xtra symbol :)

[10:10] {Les} l esi .00

[10:12] {Threei} 1:2, 1/4 more out

[10:12] {Les} all out .39 ty

[10:12] {Threei} me still greedy

[10:12] {shorty} greed is the blood of the economy

[10:12] {Threei} G.Gekko voice in my head

[10:13] {Les} spy rolling over

[10:13] {magoo} thats my voice..im greedIEST

[10:13] {Les} out esi .33 +.33

[10:13] {Threei} oops...

[10:13] {Les} ouch too early

[10:13] {Threei} so that was you all these years whispering in my ear "stop with all that risk control nonsense, buy it all and close your eyes"??

[10:14] {Les} I've made my daily quota. can I leave now?

[10:14] {Threei} NO!!!

[10:14] {dino} idxx sm s .75

[10:14] {Threei} we voted on that yesterday

[10:14] {Threei} stay and suffer!

[10:14] {shorty} You show off Les.

[10:15] {Threei} IDXX Exec: received subpoena from FTC regarding marketing; investigation is in early stages -conf call comments

[10:15] {shorty} b/o .86 FITB?

[10:15] {nemo} His daily quota is 2 litres of beer

[10:15] {Threei} MGM stop to .25 for the last piece

[10:15] {Threei} no shorty

[10:15] {shorty} ty

[10:15] {Threei} not the sector in play so far

[10:16] {Les} it's not much shorty. Being modest in profit targets for 1st year (real money) tradiung

[10:16] {dino} mos sm l .50

[10:16] {shorty} I was kidding Les. I am just jeleous.

[10:17] {shorty} jealous

[10:17] {Les} don't be. I am learning to back off with much more modest profits than what I imagined when I first came to vad

[10:17] {RonS} aig on a trend...

[10:18] {Threei} les, those will come too, it's simply a matter of walking before running

[10:18] {Les} bingo

[10:18] {Threei} oh dino, this beauty was posted before you came in today, I must repost it for you

[10:18] {shorty} I thought the same Les. The market kicked that thought out the window in a hurry.

[10:19] {Threei} you know who caused Greece crisis, right?

[10:19] {Threei} in case you don't:

[10:19] {shorty} magoo?

[10:19] {nemo} speculators

[10:19] {Threei} - PM says Greece's "ship was ready to sink" and was exposed to speculators.

[10:19] {Threei} - Greece will not allow market's speculators to threaten sacrifices made by Greek people.

[10:19] {Threei} those bastards...

[10:19] {Threei} all humanity problems are their doing

[10:20] {Threei} out last part MGM

[10:21] {ese} L uaua .08

[10:21] {dino} stopped idxx -.30

[10:21] {gen} LVS short +.41

[10:21] {Threei} DCTH Hearing takeover chatter in name (13.18, +0.25, 1.93%)

[10:21] {gen} done for today

06[10:21] * Threei slaps gen around a bit with a large roll of cash

[10:22] {gen} see you all

[10:22] {gen} bye

[10:22] {Threei} take care gen

[10:22] {Threei} that's what they call vene vidi vici I guess

[10:22] {fernp} bye gen

[10:22] {ese} cya gen

[10:22] {dino} cya and gj gen

[10:23] {shorty} bye gen

[10:23] {jfjf64} sndk monster

[10:23] {Les} How's that for blatant favouritism!

[10:23] {Les} Gen walks, and no one bats an eyelid

[10:23] {Threei} well Les, two things

[10:24] {Threei} one, he is from deeply frozen part of the world

[10:24] {Threei} he deserves some slck

[10:24] {shorty} lol

[10:24] {dino} wheres he from?

[10:25] {Threei} winnipeg

[10:25] {Les} isn't that in Mexico?

[10:25] {Threei} and second.. there is an old joke about the guy who heard from a neighbor that he ate pork despite rabbi strict prohibition

[10:26] {Threei} guy went to rabbi to demand permission,

[10:26] {Threei} and when told no asked how come my neighbor does it but I can't?

[10:26] {Threei} answer as you may have figured out already was:

[10:26] {Threei} see, he never asked me!

[10:26] {Les} ugh

[10:27] {nemo} like fdx break of .50?

[10:27] {Threei} see gen asking us whether he can leave?? :)

[10:27] {Les} not going there

[10:27] {Threei} yes hemo, but halt lot

[10:27] {Threei} volatile one

[10:27] {nemo} I'm not blood

[10:29] {nemo} invalimudated

[10:29] {ese} stoped uaua ..03 -}05

[10:30] {Threei} Reportedly G20 seeing large resistance to proposed bank levy

[10:30] {Threei} *note: Canada has been reported over the past few weeks as being opposed to such a measure

[10:32] {dino} f'ng idxx rinsed me and drops a buck

[10:32] {Les} syna .50 b/d?

[10:32] {Threei} probably

[10:32] {Threei} half lot

[10:35] {nemo} nice on syna, jumped right past my order

[10:35] {Les} scalped for +.12

[10:35] {Les} ty

[10:36] {Threei} GE) German Fin Min: expect to meet with German lawmakers on Greece aid on April 26

[10:37] {fernp} XRAY breakout, Vad?

[10:37] {dino} out cs .85, +.20

[10:37] {Threei} I'd really prefer a pullback entry fern

[10:37] {fernp} ok

[10:42] {fernp} CY breakdown, Vad?

[10:43] {Threei} yes, if stays under .05

[10:43] {fernp} ty

[10:43] {nemo} bog offer .02

[10:45] {dino} dv sm l .99

[10:45] {dino} idxx sm s .75

[10:49] {dino} dv stopped

[10:49] {Threei} PFE FDA posts warning letter on inspection of facility; released 4/9

[10:50] {Threei} can't tell the most likely markjet direction for now

[10:52] {Les} s esi .47

[10:53] {Threei} CY 1:1

[10:53] {fernp} 1:1 CY ty Vad

[10:53] {Threei} good spot fern

[10:53] {Les} dino, your read of esi please. db?

[10:54] {Les} or death

[10:54] {Threei} lol

[10:55] {dino} esi coin toss

[10:56] {Les} ok

[10:56] {dino} watch dv, esi, apol together for sign les

[10:57] {dino} i suppose break of .50 esi l

[10:57] {dino} dv moves up

[10:57] {Les} out flat. yes agreed

[10:58] {Threei} Les, remember that article you linked recently, by former convict, about mechanics behind the Fri announcement of SEC case?

[11:00] {Threei} he iehter doesn't remember or just ignores me :)

[11:01] {Les} I do have a life away from the screen vad

[11:01] {Les} sure I remember

[11:01] {Threei} good for you

[11:01] {Les} :P

[11:01] {Threei} so I had a thought (and yes, it gurt)

[11:01] {Threei} hurt

[11:01] {Threei} if he is right, and if SEC plans other suits against other banks,

[11:02] {Threei} Fridays may be come announcement days

[11:02] {Les} fas/market should be telegraphing us that signal

[11:04] {ese} Lstx .49

[11:05] {Les} some really choppy action in finnies today

[11:05] {Les} bear meat grinder

[11:05] {magoo} 6 point pllbk amzn vad

[11:05] {magoo} was 140 afterhours

[11:06] {Threei} mags

[11:06] {Threei} GS

[11:06] {Threei} short

[11:06] {Threei} 159 break

[11:09] {magoo} AMZN read vad??

[11:09] {RonS} kindle

[11:09] {dino} esi db now imo

[11:09] {Les} ok

[11:10] {nemo} mos dino

[11:11] {Threei} one more pullback AMZN, and should become long around .30 - .40

[11:12] {Les} gs long here?

[11:12] {Threei} GS short never triggered and invalidated now, but long becomes a play, yes

[11:12] {Threei} .53 offer break probably

[11:13] {dino} mos in its own world today, pot up, cagc up

[11:16] {Threei} .36 bottom for the pullback

[11:17] {Threei} 11:11] {Threei} one more pullback AMZN, and should become long around .30 - .40

[11:17] {Threei} how's that for precision?

[11:17] {Threei} magoevski

[11:17] {Threei} you got it?

[11:18] {magoo} no, no bullets

[11:18] {magoo} took cof

[11:18] {Threei} ok, let me hget this straight

[11:18] {Threei} you yell at me

[11:18] {Threei} I drop everything

[11:18] {Threei} wake up

[11:18] {fernp} HD vad? any read?

[11:19] {Threei} worth a try fern

[11:19] {Threei} start reading AMZN

[11:19] {Threei} hurt my eyes with that goshdarn kindle thingy

[11:19] {Threei} find an amzingly precise entry point in advance

[11:19] {dino} out esi .47, +.47 ty les

[11:20] {Threei} removed about 50 cents from where AMZN was at the moment

[11:20] {Threei} and you ignore it

[11:20] {Threei} that's it

[11:20] {Threei} I am removing myself from the cruel world

[11:20] {Threei} going to Tobet monastery

[11:20] {fernp} HD stop is .15 or .10, Vad?

[11:20] {dino} gun to the head?

[11:20] {fernp} took .20 break

[11:21] {Threei} both are valid fern

[11:21] {fernp} ty

[11:21] {Threei} no dino, just using it as an excuse to drink with monks for a few months

[11:24] {jfjf64} see all later

[11:24] {jfjf64} nice week vad

[11:25] {Threei} take care jf, have a good weekend

[11:25] {Les} gs 159

[11:26] {dino} cya jf

[11:30] {Les} HBAN looking ready for a break. can't see which way

[11:32] {Les} gs b/d now?

[11:32] {Les} .90?

[11:32] {fernp} HD no go

[11:37] {dino} idxx bstop to .44

[11:38] {Les} dino, read on dv please?

[11:38] {dino} cov +.30

[11:39] {magoo} l amzn cross of .50 risky

[11:41] {magoo} never mind

[11:43] {dino} down

[11:44] {Threei} ABIO

[11:44] {Threei} ARCA Biopharma Hearing strength being attributed to chatter that they received approval for SPA (timing uncertain)

[11:44] {Threei} - SPA is special protocol assessment for the design of a clinical trial to assess the safety and efficacy of Gencaro.

[11:45] {dino} ctsh sm l .10

[11:45] {fernp} FULT if breaks .60, Vad?

[11:45] {dino} dv les, looks like dead varmit

[11:45] {Threei} I like it... .63 yesterday's and 52 week high

[11:46] {fernp} ty

[11:46] {Les} yeh thought it would hold 69

[11:47] {dino} gap below around 65

[11:48] {dino} gets close, it it

[11:48] {dino} hit it

[11:51] {Threei} ABIO got away big time

[11:52] {shorty} CIEN nearing .82

[11:55] {dino} cqp

[11:56] {fernp} RHI Vad? you like it?

[11:56] {Threei} chart is right but they all stalled

[11:57] {Threei} see how FULT doesn't dio anything

[11:57] {Threei} market is frozen

[11:57] {fernp} yes. true, ty

[11:59] {Threei} well, I was unfair to FULT

[12:00] {Threei} just 15 min later it's up 3 cents

[12:00] {ese} so far so good stx

[12:01] {Threei} I mean 5 cents

[12:01] {Les} half out .66

[12:01] {fernp} my stop is under .53

[12:04] {Threei} Merck & Co Inc Sees impact from healthcare legislation; expects $150M charge in Q1; affirms target for high single digit EPS growth for 2009-2013

[12:04] {Threei} - The more significant changes and improvements to coverage and access begin in 2014. Many companies will begin to incur costs related to the Health Care Reform legislation starting in 2010. These costs include increased Medicaid rebates and a one-time non-cash charge related to taxes on post-retirement medical benefits.

[12:04] {Threei} - Accordingly, in the first quarter of 2010, Merck anticipates that Medicaid rebates and other impacts will reduce revenue by approximately $35M

[12:05] {Threei} For the full year 2010, Merck anticipates that the increased Medicaid rebates (including Managed Medicaid) and other impacts will reduce revenue by approximately $170M, which includes the first quarter impact of $35M mentioned above.

[12:05] {Threei} - estimates that the unfavorable sales impact related to the passage of this legislation, in 2011 will be approximately $300-$350M.

[12:06] {Threei} so, on a surface plan works - there is a wealth redistribution from companies to people

[12:06] {Threei} in reality I suspect it won't

[12:06] {Threei} either companies simply add the cost to their prices

[12:06] {Threei} thus triggering next inflation wave

[12:07] {ese} out stx 1/2 .64 +.15

[12:07] {Threei} or they don't for this or that reason, and it results in job loss

[12:07] {shorty} with higher interest rates?

[12:07] {Threei} ?

[12:07] {Threei} sorry, lost me

[12:07] {shorty} inflation wave?

[12:07] {Threei} what;s the connection?

[12:08] {Threei} they pay more in benefits, they injcrease prices - classic inflation spiral

[12:08] {ese} out in full +.12 second 5k

[12:09] {Threei} wtg ese

[12:09] {Threei} imagine simplified scheme:

[12:09] {ese} tks.....waited on it and was averaging in below .50

[12:09] {Threei} there is just one company and 10 workers, they are also buyers of company's product

[12:10] {Threei} company sells item for 100 bucks and pays 50 to workers, 5 a head

[12:10] {Threei} something eats into company's bottom line

[12:10] {Threei} in this case this something is payout to workers

[12:11] {Threei} instead of 50 it has to pay 80, 8 a head

[12:11] {Threei} company adds 30 to product cost

[12:11] {Threei} so now it's 130, payout is 80

[12:12] {Threei} nothing changed except a step is made in inflation

[12:12] {Threei} independently of interest rates

[12:12] {shorty} that was a nice explanation

[12:13] {Threei} FED monetary policy justifiers made everyone believe interest rates is the only factor and lever in inflation

[12:13] {Threei} end all be all

[12:13] {Threei} it's far from truth

[12:13] {RonS} ...and government excludes the company from "official" inflation, so there is none

[12:13] {shorty} If you have an explanation for why interest rates go up to slow inflation that would be great, or I can google it.

[12:13] {Threei} well, the idea is:

[12:13] {Threei} there is cost to money

[12:13] {shorty} interesting RonS.

[12:14] {Threei} since economy is based on borrowing

[12:14] {Threei} you provide cheap money - demand increases

[12:14] {shorty} demand increases

[12:14] {Threei} you want to cool demand down - you increase rates

[12:14] {shorty} got it.......

[12:14] {shorty} ty

[12:15] {Threei} fine in thoery

[12:15] {Threei} in practice, ever since Fed came into existence, inflation eliminated bout 95% of dollar cost

[12:15] {Threei} 1913 dollar is about 3-5 cents of today's

[12:16] {Threei} ummm... other way around, lol

[12:16] {shorty} a lot of things look good on paper, but don't necessarily work once applied.

[12:17] {Threei} yeah... russian saying, hard to translate somewhat... "Smooth ride on papermap, too bad there are chasms in the ground"

[12:17] {shorty} dino, ZION reversal here? at resistance.

[12:18] {Threei} dptl will help with better tanslation when puts down that galss with vodka

[12:18] {shorty} i like that saying Threei.

[12:18] {RonS} ...running FIG

[12:20] {RonS} IYR tops 52 wk high today

[12:20] {Threei} another important thing to remember about inflation as far as its impact on us goes:

[12:21] {Threei} inflation is not necessary universal, in a sense of spread evenly

[12:21] {Threei} if computers ad DVD players and big screen TVs got cheapr but drugs got more expensive,

[12:21] {Threei} impact on you will depend on whether you are 25 or 75

[12:22] {shorty} Thanks for the lesson guys. It's a lot more clear now.

[12:22] {dino} zion dk

[12:22] {fernp} 1:1 FULT

[12:23] {fernp} ty Vad

[12:23] {Threei} :)

[12:23] {Threei} and then there is galloping inflation if things go to hell in a handbasket, and currency loses its value in 1000%

[12:23] {Threei} for the most of civilized world it's pure theory

[12:23] {shorty} That is when I head for the hills

[12:23] {Threei} but I witnessed it and let me tell you,

[12:23] {Threei} when you see an old man who put away 10K roubles by saving his whole life

[12:24] {Threei} when a car cost 5-6K

[12:24] {Threei} looking at the shelf where a box of matches sits

[12:24] {Threei} with price label 25K

[12:24] {Threei} you don't laugh

[12:24] {Threei} this is life destruction, pure and simple

[12:25] {shorty} wow.....I have been pampered my whole life. I used to cry because I didn't get frootloops, but instead got cheerios for breakfast.

[12:26] {RonS} ...but let's not talk about yesterday Shorty...

[12:26] {nemo} notice for all these "good" earnings announcements, the market really isn't moving

[12:26] {shorty} lol

[12:26] {Threei} yes nemo but it dodn't drop on a day when most earning were bad either

[12:27] {RonS} sks winding up, see a play here 3i?

[12:27] {Les} 2nd half out fult ty fern

[12:27] {Threei} it opened down and recovered

[12:27] {Threei} SKS runs with retailers strength...

[12:28] {Threei} is there clear leader in that sector?

[12:28] {Threei} not that I see right away

[12:28] {Threei} I like chart Ron

[12:29] {RonS} been a laggard but w/ 42% of float shrot just thinking that a squeeze here

[12:29] {Threei} I am not sure it's a right time for this chart

[12:29] {Threei} but the risk is minimal if it breaks from here

[12:29] {Threei} so why not

[12:29] {Threei} both daily and intraday are beautiful

[12:30] {RonS} sks serious squeeze could mark a retail top. But the real story in the dicretionary run has been the casual diners. Look at things like cmg and cake...sheesh

[12:32] {magoo} read FCX vad??

[12:32] {Threei} none

[12:35] {ese} I'd like to reiterate nemo's comment about the mrkt not moving much on good earnings announcement....plus it seems to me that stocks are trading a litte thinner

[12:36] {ese} L gild.17

[12:40] {Les} ESI setting up

[12:43] {Threei} lol, got bored with waiting and set up automated entry for SKS, to experiment with it

[12:43] {Threei} worked like charm

[12:44] {Threei} set stop limit with .85 trigger, .86 chasing

[12:44] {Threei} got me in at .85 after fitst print at that price

[12:45] {Threei} who wants this kind of things, OMS module works perfectly on Laser

[12:45] {Threei} MNKD Hearing Rodman Renshaw makes positive comments (timing uncertain)

[12:45] {Threei} Note: Earlier MNKD released information showing Follow-up Safety Data on AFREZZAComparable to Standard Antidiabetic Therapy in Lung Function Tests

[12:47] {fernp} SKS stop is under .80, no Vad?

[12:48] {Threei} for scalp, yes

[12:48] {Threei} cute little C&H

[12:48] {fernp} ty

[12:48] {Threei} if want a trade based on daily strength, short squeeze etc, suopprt is 9.70

[12:49] {Threei} and for a swing trade, 9.50

[12:49] {fernp} is friday... .79 is my stop :-)

[12:49] {Threei} can't blame you :)

[12:49] {Threei} just providing reads for all possible types

[12:50] {Threei} and we have a few impossible here

[12:50] {fernp} i know

[12:50] {Threei} (fern slants at les and nemo)

[12:50] {fernp} lol

[12:51] {Les} huh my name mentioned?

[12:53] {Les} out esi +.26

[12:54] {fernp} MOS 53.10 break, vad?

[12:55] {Threei} chart is perfect

[12:55] {Threei} with clear sailing for 30 cents at least

[12:55] {Threei} if nly market helps

[12:55] {fernp} 53.05 break is valid too?

[12:56] {Threei} I'd prefer .10

[12:56] {Threei} a lot of nasty orders there

[12:56] {fernp} ok

[12:57] {Threei} EUR/USD (FR) France Fin Min Lagarde: Greece aid package should stabilize the Euro; all members in favor of a stable Euro as volatility is 'not good'

[12:57] {Threei} neither are those damn speculators

[12:57] {Threei} they strive on that damn volaitlity

[12:57] {Threei} if only we could drown them all

[12:59] {Threei} SKS baby

[12:59] {fernp} stop under 53 or .95, Vad?

[12:59] {Threei} 53

[12:59] {fernp} ty

[12:59] {Threei} pesky scalpers got 1:1 SKS

[13:00] {Threei} nice spot Ron

[13:00] {Threei} and fully automated trade for me via OMS

[13:01] {RonS} yw

[13:02] {fernp} ty for SKS Ron. out here

[13:02] {Threei} FDIC's Bair: new resolution authority will make it clear to markets that there will be no more govt bailouts - CNBC interview

[13:02] {Threei} really?

[13:03] {Threei} heh

[13:03] {Les} aig looking for hod

[13:04] {RonS} ...until there are no bailouts on big fails the amrket will think there will be bailouts...what planet is she on?

[13:04] {Threei} amazing,... real problem (overleveraged bad loans) is totally substituted by fake one (damn derivatives)

[13:04] {nemo} It's like GM paying back their debt

[13:04] {nemo} all BULLSHIT

[13:04] {nemo} TAURINE EXCREMENT...sorry

[13:04] {Threei} right

[13:05] {RonS} quit parsing words nemo

[13:05] {Threei} to put an analogy to it,

[13:05] {Threei} derivatives is insurance

[13:05] {shorty} I thought they only have to pay a portion of it?

[13:05] {Threei} if more than certain % of insured claim their payout, insurance comoany goes belly up

[13:05] {Threei} any of them

[13:06] {RonS} ...people are so stupid...modern life and civilization itself is a derivative

[13:06] {Threei} their screams that AIG made out more best than it could cover is BS

[13:06] {Threei} any insurance comoany works like this

[13:06] {Threei} none of them can cover all its bets

[13:06] {Threei} it's and odds game

[13:06] {Threei} and = an

[13:06] {Les} esi pullback 111

[13:07] {Threei} if there were no bad loans in such overwhelming numbers, there would be no problem with deriivatives

[13:07] {fernp} MOS 1:1

[13:07] {Threei} root of the disaster is those loans

[13:07] {Les} aig .90 break?

[13:07] {Threei} good one fern

[13:07] {Threei} can't tell les

[13:07] {RonS} ...am holding for the .30

[13:08] {Threei} SKS 1:2

[13:08] {fernp} ty vad

[13:08] {dino} ed's waking up

[13:08] {dino} apol and dv sm l break of .00

[13:10] {Threei} FDIC's Bair:

[13:10] {dino} oh no

[13:10] {Threei} - says wind down authority is necessary; bankruptcy of large firms would be too abrupt for markets, noting Lehman as an example.

[13:10] {Threei} - highlights that the process for large banks will be similiar to that of what smaller banks undergo every Friday (reference to the FDIC closures released on Fridays); including removal of senior management, creditors and shareholders will deal with similiar situations of bankruptcy, secured creditors will be compensated to the extent of collateral

[13:10] {Threei} - resolution authority will require counterparties to make good on commitments (highlights this is in contrast with the Lehman failure where counterparties took out better quality collateral)

[13:10] {Threei} - expects bank failures to peak by end of this year (more than 140 for 2010, which is less than forecast three months ago)

[13:14] {RonS} rails just keep chugging

[13:16] {Threei} 60% Say Capitalism Better Than Socialism

[13:17] {Threei} and 40 % can't read

[13:17] {fernp} only 60%?

[13:17] {magoo} oh yeah..well 40% say it isnt he he

[13:17] {Threei} 18% disagree, while 21% are not sure

[13:17] {Threei} sorry... 21% can't read

[13:17] {Threei} and 18% can't make a damn cent and need someone to hand it to them

[13:18] {Threei} NUNAM

[13:18] {Threei} NUAN

[13:18] {Threei} NUAN Reportedly looses patent infringement case against Microsoft (18.17, -0.24, -1.30%) (related MSFT )

[13:18] {Threei} USD/CNY G20 communique likely to refrain some specific mention of the Yuan - unconfirmed report

[13:18] {Threei} - Communique may or may not mention Greece issue

[13:19] {nemo} rimm could be short under .60

[13:19] {dino} mos sm l .10

[13:20] {Threei} hah

[13:20] {Threei} here is interesting dichotomy confirming that most can't read:

[13:20] {Threei} However, its important to note that just 35% believe a free market economy is the same as a capitalist economy. In fact, despite tepid support for capitalism, 77% of Americans prefer a free market economy rather than a government managed economy. Thats consistent with the 75% who say that business is better at customer service than government.

[13:23] {Les} whatever. I leave you with your strange anecdotes. bon weekend a tous

[13:24] {Les} drinkies time! and a movie would be nice tonight. ciao

[13:24] {Threei} sigh

[13:24] {shorty} salut Les, bon weekend aussi.

[13:24] {nemo} feels much better already

[13:25] {Threei} you serve them one winning trade after another, and they don't want to listen to your strange anecdotes... :(

[13:25] {nemo} I neveer said that

[13:29] {RonS} ...sheesh, snowing here...poor tulips...

[13:30] {Threei} wow

[13:30] {shorty} Denver is worse than Calgary RonS.

[13:31] {RonS} ...in the Spring the lows come from the gulf and big snow can happen as the moisture hits the altitude

[13:31] {RonS} ...tomorrow will be 50 and sunny...

[13:32] {ese} i dunno about that shorty....i lived in calgary for a year and man....most days you get all 4 seasons together as well as all 3000 weather conditions at once

[13:32] {ese} every couple of days

[13:33] {RonS} popular local saying here...if you don't like the weather wait 10 minutes and it will change

[13:33] {ese} big time true for calgary

[13:34] {shorty} True ese. You lasted a year? I need to move to BC.

[13:35] {ese} taught at Senator Riley Senior Secondary in High River

[13:36] {shorty} Do you have a read for CIEN Threei?

[13:36] {ese} my wife got a job here and i followed her career

[13:36] {RonS} ...what a short name...

[13:36] {ese} have never looked back....that was 22 years ago

[13:37] {shorty} High River, every year residents pump out water because of flooding. lol I would not move to a place called High River. I have friends there.

[13:37] {shorty} Trying to get my wife to move to Victoria actually.

[13:38] {RonS} lol, and i thoought it was a river with a lot of joints...

[13:38] {shorty} lol

[13:39] {ese} also...the one and only time i thought i was going to die.......flying into calgary coming down out of the moutains.....plane hit some kind of weird air vacume and litterally dropped out of the sky a few people didn't have there seat belts on and endedup on the ceiling of the plane

[13:39] {magoo} vad, lets look for bounce plays in gs and amzn

[13:40] {RonS} dino mos is killin me. you still in?

[13:41] {shorty} ouch ese.

[13:42] {ese} i had my seat belt on......when ever i'm flying anywhere....i arrange it so that i don't land in calgary........unless it's absolutley necessary

[13:43] {shorty} Anyone see a b/o play for CIEN .08? Looks like accumulation is happening.

[13:43] {Threei} CIEN... not really

[13:43] {RonS} ...shold only happen on summer afternoons ese...

[13:43] {shorty} Calgary and Denver ese. I always have my seatbelt on whenever I fly, because of stories like yours.

[13:44] {shorty} ty Threei

[13:45] {Threei} AMZN , mags...

[13:45] {Threei} a few more min of conlsolidation

[13:45] {Threei} then break

[13:46] {Threei} no chasing, let it pull back

[13:46] {magoo} in 142.60 boss

[13:47] {ese} i would think Denver would be the same Ron......weird air currents coming out of the mountains can't make it eay for jpilots

[13:47] {magoo} thought u were blowing me off cause of last time

[13:47] {nemo} How id you pick 142.60?

[13:47] {ese} easy

[13:48] {magoo} yea...near lows..ytake .60 stop loss of .50 little risk

[13:48] {magoo} clrity, stop is the loss of .50

[13:48] {ese} come on gild.......

[13:49] {magoo} play the levels...00 .50

[13:49] {magoo} next hurdle is .50

[13:51] {magoo} natural stop now is .99, and if it re-takes 143.00 just reload it...the ole IN and OUT

[13:53] {magoo} i wanna catch a RIPPPPPPp..mega points but it aint happening

[13:54] {nemo} Vad, wish you had answered me on that RIMM short at .60

[13:54] {Threei} when?

[13:54] {Threei} sorry, I missed it completely

[13:54] {fernp} Have a nice weekend everybody. See you all on monday

[13:55] {Threei} take care fern, have a good one

[13:55] {RonS} cya fern

[13:55] {ese} 1/2 out gild .26 +.09

[13:55] {nemo} [13:19] {nemo} rimm could be short under .60

[13:55] {magoo} FERN WAITTTTTTT

[13:55] {ese} remainder to break even .17

06[13:55] * magoo slaps fernp around a bit with a large trout

[13:55] {ese} stop on remainder

[13:56] {fernp} thank you mags. I feel better, You are back

[13:56] {shorty} bye fernp

[13:56] {Threei} that was nice one, RIMM

[13:56] {Threei} good setup, I'd have liked it if saw your post

[13:58] {ese} out in full gild .33 +.14 on remainder

[13:58] {magoo} MGM climbing strong..not in

[13:59] {magoo} amzn needs to blitz .50, hold .50 on pllbk and assualt 144

[14:03] {dino} pega

[14:04] {magoo} gs l take of .50

[14:04] {dino} out ctsh +.03 thing won't move

[14:06] {magoo} out amzn + .57

[14:06] {magoo} cant get the RIP

[14:06] {magoo} UAUA

[14:06] {Threei} it's Fri

[14:06] {magoo} UAUA

[14:13] {dino} pega sm l .06

[14:16] {magoo} AIG ate big offer at .60

[14:17] {Threei} http://www.realitytrader.com/blackboxforex.html

[14:18] {dino} rino .76 sm l

[14:18] {KSystems} beautiful :D

[14:18] {Threei} UAUA Hearing strength attributed to positive comments from JP Morgan analyst (timing uncertain)

[14:18] {Threei} - JP Morgan raises estimates and price target boosted to $27.50 from $25.50

[14:24] {magoo} ty boss

[14:24] {RonS} c&h daily on glw w/ earnings 4/28

[14:25] {magoo} out .47

[14:25] {magoo} + .18

[14:25] {magoo} UAUA

[14:29] {magoo} now nemo, good exam of what i was saying

[14:29] {magoo} out .48, reloaded .50 out .67

[14:29] {nemo} in what uauau

[14:29] {magoo} yea

[14:29] {magoo} just cause take out, doesnt mean u cant reload

[14:30] {dino} out apol +.10

[14:31] {dino} out mos +.28

[14:31] {Threei} magoo

[14:31] {shorty} amazing dino

[14:32] {Threei} in venue of over-the-weekend sould-searching, do you know what your greatest strength is?

[14:32] {magoo} ignorance??

[14:32] {Threei} no, that's mine

[14:32] {Threei} don't compete on my turf

[14:32] {Threei} ease with which you move in the market and out of it

[14:33] {magoo} ability to sleep thru anything??

[14:33] {Threei} for a lot of people each new trade is almost agonizing decision

[14:33] {Threei} for you it's just a click

[14:34] {Threei} this liquidity is a huge help in mobile market

[14:34] {magoo} i flip alot each day]

[14:34] {magoo} long short dont care

[14:35] {magoo} reload uaua .75

[14:35] {magoo} in

[14:35] {magoo} try .93

[14:35] {magoo} in amzn too 143

[14:35] {Threei} also, you are hyperactive {G}

[14:35] {magoo} but thanx i guess lol

[14:36] {magoo} there is a method tho..was trying to convey that

[14:36] {dino} sm l pot .07

[14:36] {Threei} totally

[14:36] {Threei} method, self control and ease of execution... golden combination

[14:37] {magoo} out .90 2k, +.15 see

[14:37] {magoo} a methiod

[14:41] {magoo} if i could only catch a RIPPPPPPPPP in amzn

[14:41] {magoo} id call it a day

[14:41] {magoo} no i wouldn't :)

[14:41] {Threei} lol

[14:41] {magoo} i want 145 area

[14:42] {Threei} in life, we don't always get what we want

[14:42] {nemo} any bets we end on day highs

[14:43] {RonS} out sks 10.7 +.37 :), scratched mos :/

[14:43] {Threei} wtg Ron

[14:43] {RonS} 10.7=10.17

[14:43] {Threei} beautiful trade

[14:44] {shorty} I missed that one

[14:44] {Threei} everything came toghther for it

[14:44] {Threei} charts in all time frames, fundamentals, right sector, short squeeze and market help

[14:44] {Threei} rare case when it's this easy - AND works

[14:44] {RonS} ya know, last Friday, i saw a rather young mand driving a new Ferrari w/ the license plate: SHRTSQZE

[14:45] {Threei} lol

[14:45] {magoo} ROFLOL

[14:45] {RonS} ...it really stuck me, but i was kinda embarrased to bring it up

[14:46] {RonS} stuck=struck

[14:46] {magoo} actually, thats AWESOME

[14:46] {Threei} I can see magoo ordering plate saying "I live for MOMO"

[14:47] {RonS} momomagoo

[14:47] {magoo} MOMOTRDR

[14:47] {Threei} or "LOCO RULEZ"

[14:47] {magoo} id buy a porsche tho

[14:47] {Threei} Cayenne too

[14:48] {shorty} lol

[14:49] {magoo} id keep eye on GS here

[14:49] {magoo} out of bullets me

[14:49] {magoo} loaded up amzn

[14:49] {RonS} ...if you drive a Cayenne in Cheyenne can you still be a cowboy?

[14:50] {RonS} absolute proof ther is no justice: http://www.msnbc.msn.com/id/36723890/ns/us_news-wonderful_world/?GT1=43001

[14:50] {shorty} A coka cola cowboy maybe, I have no idea what that means, but my ranching buddies would call city folk that name.

[14:51] {shorty} I wonder if he will buy a set of teeth.

[14:51] {RonS} teefs

[14:51] {Threei} lol Ron

[14:52] {shorty} lol

[14:52] {Threei} had just $28.96 in his bank account; plans dentistry, Disney trip

[14:52] {Threei} your question is answered shorty

[14:52] {Threei} he will

[14:53] {shorty} Now I can get on with my life

[14:53] {dino} pega stopped -.22

[14:54] {magoo} read UAUA vad? i do not

[14:55] {ese} i'm brain dead people......everything looks the sae right now......i'm gonna pack it in for the weekend

[14:55] {ese} same

[14:55] {magoo} ESE WAIT

[14:55] {RonS} cya ese

06[14:55] * magoo slaps ese around a bit with a large trout

[14:55] {Threei} take care ese

[14:55] {ese} ahhhhhhhhhh tks mags

[14:55] {shorty} bye ese

[14:56] {ese} cya vad....been a good couple of days.....maybe the venting on wednesday helped

[14:56] {Threei} :)

[14:56] {dino} cya es

[14:56] {Threei} UAUA, rather up but like 52/48, mags

[14:57] {magoo} ya ya

[14:57] {magoo} read AIG vad, maybe gonna xplode? i dont no

[14:58] {Threei} someone should complain to PETA or something about systematic elimination of bears in the market

[14:58] {Threei} drawing total blank on AIG, sorry

[14:58] {shorty} ASBV b/o Threei

[14:58] {shorty} ASBC

[14:59] {Threei} b/o??

[14:59] {Threei} I don't see it

[14:59] {dino} pot to .49

[14:59] {Threei} as in body odor, yes... and very strong

[14:59] {shorty} that bad?

[15:00] {Threei} total stinker :)

[15:00] {dino} pega rinse

[15:00] {dino} out pot +.42

[15:00] {shorty} Do you want me to stop, or keep them coming?

[15:01] {Threei} of course keep them

[15:01] {Threei} it's a great learning process

[15:02] {Threei} Ron, want a great story about irony of lottery winnings?

[15:02] {Threei} real story, from Winnipeg, about 10 years ago or so

[15:02] {nemo} as long as they keep printing money the value of the money goes down so the stocks go up, we could end up at record highs before this is through

[15:03] {RonS} ...ok

[15:04] {dino} pega l .20

[15:04] {Threei} and hey, Les is not here to grumble about our strage anecdotes

[15:05] {Threei} so, guy is what you can call a total trash - constantly drunk, on light drugs,

[15:05] {Threei} works on his brother's farm manually loading tracks with hay, manure and other crap

[15:06] {Threei} about 2-3 times a year goes to jail for a few days or weeks for small time crimes

[15:06] {Threei} and generally enjoys life.

[15:06] {Threei} Sure enough, he goes ahead and wins 12 millions

[15:06] {Threei} Next 3 years, he never goes sober,

[15:07] {Threei} one of favorite entertainments:

[15:07] {Threei} gathers about 10 closest friends,

[15:07] {Threei} they go to the nearest Chrysler dealership, buy 10 Jeep Cherokees,

[15:07] {Threei} drive to the fields and chase each other

[15:07] {Threei} leaving totalled cars in the morning

[15:08] {Threei} and making dealership happy again in a few weeks

[15:08] {Threei} small crime spree wisde, the only thing changed is now he is in jail 6-8 times a year

[15:08] {Threei} 3 years later - empty pockets, works on his brother's farm in his old position

[15:09] {Threei} tell me it's not ironic

[15:09] {RonS} ...too much...he needed a law firm: Dewey, Cheatham and Howe

[15:10] {dino} should've at least bought the farm

[15:11] {Threei} but he may have lacked the money to make dealership ahppy then

[15:11] {RonS} ...saw Billy Martin throw dice one time in Vegas. He maintaine that if you died with one red cent in your pocket, you lost

[15:11] {shorty} Reminds me of this story: http://www.associatedcontent.com/article/95216/a_homeless_man_blows_100000_of_free.html

[15:14] {Threei} AONE DOE closes previously announced $529M loan for Fisker Automotive at Delaware GM plant

[15:14] {Threei} Department of Energy Announces Closing of $529 Million Loan to Fisker Automotive Manufacturing at Shuttered Delaware GM Plant Expected to Create Over 2,000 Jobs

[15:14] {Threei} - The Department of Energy announced today the closing of a

[15:14] {Threei} $528.7 million loan with Fisker Automotive for the development and production of two lines of plug-in hybrid electric vehicles (PHEV). The loan will support the Karma, a full-size, four-door sports sedan, and a line of family oriented models being developed under the company's Project NINA program.

[15:19] {magoo} vad, futes launch..u got any candidates?

[15:20] {Threei} sadly, not really

[15:20] {dino} out pega .97, +.77

[15:20] {dino} skie r oni baby

[15:21] {dino} spike

[15:23] {RonS} dang dino, gj

[15:23] {dino} lucky lay out, ty

[15:28] {dino} out dv sh*t trade, +.19

[15:28] {dino} rino wall at .80

[15:33] {dino} stopped rino -.06 ave

[15:36] {dino} ctsh .16 l

[15:38] {dino} stop to .17

[15:39] {dino} to .19

[15:39] {dino} to .21

[15:41] {dino} out .22 +.06

[15:41] {dptl} good weekend all...see ya monday

[15:42] {RonS} cya dp

[15:42] {dino} cya dp

[15:42] {shorty} bye dptl

[15:43] {dino} cymi .96 l

[15:43] {Threei} take care dp

[15:46] {shorty} have a good weekend everyone

[15:46] {Threei} you too shorty

[15:50] {dino} cya shorty

[15:52] {dino} cymi stop is .93

[15:54] {Threei} okay guys, let's call it a day

[15:54] {Threei} another bear slaughter

[15:54] {magoo} ty vad

[15:54] {nemo} c ya....might not be trading next week

[15:54] {RonS} good weekend to you Threei

[15:55] {Threei} no way nemo

[15:55] {Threei} you can't disappint les this much

[15:55] {dino} vacation nemo

[15:55] {Threei} have a great weekend all, see you on Monday

[15:55] {dino} to .97

[15:55] {dino} cya 3i, cya nemo

[15:57] {dino} out cymi +.01

[15:57] {dino} calling it a week, thx all, decent week

[16:00] {magoo} ty all

Apr 22 2010

Fair day with a few small stops and a lot of nice wins, ranging from scalps (DCTH, NYX) to daytrades (HBAN) to juicy wins on GS and AIG

Session Time: Thu Apr 22 00:00:00 2010

[08:10] {Threei} US) Preview: Initial Jobless Claims due at 08:30ET (12:30 GMT)

[08:10] {Threei} - Expectations for initial claims are 450Ke v prior week at 484K (range seen from 430K to 480K)

[08:10] {Threei} US) Preview: Mar Producer Price Index and PPI ex Food & Energy due at 8:30amET

[08:10] {Threei} - Producer Price Index MoM: 0.5%e v -0.6% prior; YoY expected at 6.0%e v 4.4% prior

[08:11] {magoo} j.asfvjE;Jjdsdkj

[08:16] {Threei} not sure... but DCTH certainly falls in that category

[08:30] {Threei} *(US) MAR PRODUCER PRICES M/M: 0.7% V 0.5%E; PPI EX FOOD & ENERGY M/M: 0.1% V 0.1%E

[08:30] {Threei} - PPI YoY: 6.0% v 6.0%e

[08:30] {Threei} - PPI Ex Food & Energy YoY: 0.9% v 0.9%e

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 456K V 450KE; CONTINUING CLAIMS: 4.646M V 4.600ME

[08:33] {strider} 08:26 EDT DRYS

[08:33] {strider} theflyonthewall.com: DryShips 10M share Secondary priced at $6.00

[08:33] {strider} Deutsche Bank acted as sole book running manager for the offering. :theflyonthewall.com

[08:34] {Threei} LIOX Firm and IBM Announce Partnership to Accelerate Development and Commercialization of Real-Time Translation Automation

[08:34] {Threei} - Announced a partnership agreement to accelerate development and commercialization of automated translation technology by leveraging innovative statistical algorithms that instantly translate content and communications such as Web pages, documents, customer support, user generated content, instant messages, blogs and e-mail, so people can communicate in their native languages.

[08:48] {Threei} (GR) Hearing chatter Greece investigating methods of restructuring debt without triggering default (related NBG EUR/GBP EUR/USD )

[08:52] {Threei} http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_michael_barone/gangster_government_becomes_a_long_running_series

[08:59] {Threei} ECB economist Trabandt: US has far more scope to increase tax income than the euro zone's core countries

[08:59] {Threei} - US could "increase tax revenues by 30% by raising labor taxes and 6% by raising capital income taxes.

[08:59] {Threei} - Labor abour tax increases in Denmark and Sweden would only end up losing them money

[09:01] {strider} Tradbandt can ESAD.

[09:02] {nemo} ESADMF

[09:02] {strider} I was trying to be nice.

[09:02] {fernp} Good morning everybody

[09:03] {Threei} fern :)

[09:03] {Threei} he has more to say:

[09:03] {Threei} Spain could raise 13% more tax revenues by raising labour taxes but only 2% by raising capital taxes.

[09:03] {Threei} - For Germany numbers were 10% and 2%, France 5% and 0%, while for Italy it was 4% and 0%

[09:03] {Threei} - Study found that some countries face the bleak prospect of not being able to raise tax incomes at all. "Denmark and Sweden are on the "wrong" side of the Laffer curve for capital income taxation

[09:03] {strider} WASHINGTON President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.

[09:04] {nemo} Once it's in, it's an invisible tax they can increase at will

[09:05] {strider} I already long for the halcyonic 20th century.

[09:10] {dptl} good morning

[09:10] {Threei} dp :)

[09:12] {shorty} good morning all

[09:12] {Les} just read the article vad. Obama as gangster was not the presidential authority I had in mind to clean up this mess

[09:12] {Les} morning all

[09:13] {Threei} shorty, les :)

06[09:13] * nemo slaps Les around a bit with a large trout

[09:13] {Threei} some of us saw that in advance les

[09:13] {Les} hey hey! we're awake today

[09:13] {Les} you been sick nemo?

06[09:13] * nemo slaps shorty around a bit with a large pair of shoe lifts

06[09:14] * strider slaps Les around a bit with a large Value-added TAX

[09:14] {Threei} and were beaten sensless when dared to say something negative about that choice

[09:14] {Les} ha. I know what they are strider!

[09:14] {Les} welcome to the club

[09:15] {strider} Time for a bigger tea party.

[09:15] {shorty} grumpy thins morning nemo?

[09:16] {dino} gm all

[09:16] {vasilisa} gm all

[09:16] {Threei} kidding shorty? this is nemo at his smilest

[09:16] {ese} morning

[09:16] {shorty} lol

[09:16] {Threei} dino, vasilisa, ese :)

[09:16] {ese} dino vasilisa

[09:16] {ese} vad

[09:16] {ese} dude

[09:17] {Threei} as of this morning, I have one regret that probably overshadows even decision to marry

[09:17] {Les} must be serious

[09:17] {dino} lol all who voted obama, his big lie no tax increases for under 250k income. he hits all w/vat

[09:17] {RonS} gm all...BAX all blowed up

[09:17] {Threei} came back from a walk yesterday, had a look at DCTH after it oepened after halt, and saw it available at 11.80 - and didn't buy

[09:18] {Threei} Ron :)

[09:18] {dino} bax, cs, dcth, qcom, ebay, esi (watch apol), watch cagc gap around 17.40

[09:18] {Threei} watching DCTH (bitterly) and LIOX

[09:18] {dino} 3i, i must thank you on that, hit 11.40 to 12.95

[09:20] {Threei} wtg :)

[09:20] {Threei} now, here is a complaint of another kind:

[09:20] {Threei} IMF's Stauss-Kahn: Recovery has come faster and sooner than expected

[09:20] {strider} Pizzas down today.

[09:20] {Threei} "what do we do?? what do we do??"

[09:21] {strider} downgrades only.... prices are up.

[09:21] {strider} eat more chicken?

[09:23] {strider} MBT running on backup.....again.

[09:23] {RonS} BX

[09:25] {lasertrev} good morning

[09:25] {Threei} trev :)

[09:26] {RonS} ...anyone know when the O starts speech?

[09:27] {magoo} morn trevmount

[09:27] {magoo} hey vad, keep 1 eye on DCTH

[09:27] {Threei} 09:18] {Threei} watching DCTH (bitterly) and LIOX

[09:28] {magoo} last nite hallt, gap open 13.50...down 10.80 and climb to 14.50

06[09:28] * Threei slaps magoo around a bit with a large attention-getter suspiciously shaped as 2x4

[09:28] {Threei} 09:17] {Threei} came back from a walk yesterday, had a look at DCTH after it oepened after halt, and saw it available at 11.80 - and didn't buy

[09:28] {magoo} i did, exactly 11.80 out 13 even

[09:28] {Threei} dino, if you can put your elbow in his ribcage on my behalf, please

[09:29] {Threei} I'll owe you one

[09:29] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:30] {dino} consider it done

[09:30] {Threei} thank you

[09:31] {jfjf64} vxx

[09:32] {magoo} NFLX

[09:32] {magoo} pow

[09:33] {strider} RMBS

[09:34] {magoo} AIG

[09:34] {Threei} EXEL Hearing Dealreporter speculates EXEL could be a takeover target (6.03, 0.00, 0.00%)

[09:35] {jfjf64} aig mind of its own

[09:35] {dino} pot gap fill

[09:36] {strider} WFC

[09:36] {strider} upgrade

[09:37] {magoo} SNDK

[09:37] {magoo} SNDK

[09:38] {Threei} Long Setup: HBAN .65 break if stays above .60

[09:39] {magoo} in

[09:40] {nemo} yeah

[09:40] {Threei} somewhat unusual one: ACTU

[09:40] {Threei} practically no volume but look at daily for 6 break

[09:40] {nemo} s mos .39

[09:41] {nemo} 1/2 out .31

[09:41] {Threei} US) Preview: March Existing Home Sales due out at 10:00ET

[09:41] {Threei} **consensus expectation: 5.3Me v 5.02M prior

[09:41] {Threei} - estimates range between 5M to 5.5M

[09:42] {Threei} HBAN 1:1

[09:42] {Threei} half ot

[09:42] {Threei} scalpers know what to do

[09:42] {fernp} ty Vad

[09:42] {Threei} sure thing

[09:42] {nemo} flat mos

[09:43] {magoo} out ty (am i scalper vad?)

[09:43] {shorty} Thanks Threei.

[09:43] {Threei} shorty - wlecome, magoo - you really gotta deal with that identity crisis

[09:44] {Threei} 1:2

[09:44] {shorty} you guys alone are worth the monthly premium in this room

[09:44] {magoo} really

[09:44] {magoo} sigh

06[09:44] * Threei makes a point to charge shorty double

[09:44] {shorty} lol

[09:44] {ese} rats...missed your hban call vad....nice one

[09:45] {Threei} awww

[09:45] {Threei} ese, you really should take me off ignore

[09:45] {magoo} dow red 104

[09:47] {dino} ctrp, ter green

[09:48] {ese} lol

[09:48] {Threei} over 1:3

[09:48] {Threei} out in full

[09:48] {dino} sm l ctrp .31

[09:49] {dino} an sm l .50

[09:49] {Threei} 1:4, without me

[09:50] {nemo} stop looking at it and find someting else

[09:50] {shorty} lol

[09:50] {Threei} but I like its look

[09:51] {Les} don't dislocate your shoulder so early in the morning

[09:51] {Threei} good idea, i still hurts from yesterday

[09:51] {Threei} Long Setup: WFC .85 break

[09:52] {nemo} damn misse it

[09:52] {Les} fas

[09:52] {dino} wso

[09:52] {dino} fcx

[09:54] {Threei} Euro vs US Dollar Euro weakness attributed press report that German FDP expert believes that Greece must weigh EMU exit

[09:54] {Threei} ***Note: ECB's Trichet has stated on many occasion since Jan that talk of any member leaving EMU was 'absurd'

[09:54] {Threei} absurd eh

[09:55] {Threei} HBAN sharp pullback

[09:56] {Threei} WFC no go

[09:56] {magoo} SNDK was THE one

[09:57] {RonS} ffiv

[09:57] {dino} well greece needing $ two months ago was absurd too

[09:58] {Threei} and banks never needed to raise any more capital

[09:58] {Threei} until they did

[09:58] {Les} and everything is ok

[09:58] {ese} agreed mags....had my eyes on it......

[10:00] {Threei} US) MAR EXISTING HOME SALES: 5.35M V 5.3ME

[10:00] {Threei} *(US) FEB HOUSE PRICE INDEX: -0.2% V -0.2%E

[10:00] {dino} i caused that exist sales jump, lol

[10:00] {ese} Lgild .41

[10:01] {Threei} good job dino!

[10:01] {dino} foreclosure gone in 1 hour

[10:01] {Threei} now, did you help Mexico too?

[10:01] {Threei} MX) MEXICO FEB RETAIL SALES: 2.3% V 1.3%E

[10:01] {Threei} AIG...

[10:01] {Threei} .35 maybe

[10:01] {magoo} he did vad, stuffing his favce w/tacos

[10:01] {Threei} lol

[10:01] {Threei} with stop under .20

[10:01] {dino} no scared to go there

[10:02] {Threei} very discretionary call

[10:04] {dino} esi blood on great earnings and raises guid

[10:05] {jfjf64} sndk

[10:05] {ese} out gild .49 +.09

[10:05] {jfjf64} ton of set ups

[10:05] {jfjf64} keep watchin

[10:05] {dino} aos sm l .54 ave

[10:05] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[10:06] {jfjf64} dont deni vol

[10:06] {Les} took aig for the scalp .45 ty

[10:06] {jfjf64} vol vol vol

[10:07] {dino} wow xrtx again

[10:08] {Threei} GS...

[10:08] {Threei} .50 break

[10:08] {fernp} do we have stop, Vad?

[10:09] {fernp} or close my eyes?

[10:09] {Threei} lol

[10:09] {jfjf64} stop where

[10:09] {Threei} so far under .30

[10:09] {jfjf64} gs

[10:09] {jfjf64} ty

[10:10] {magoo} NFLX going thru 10 bux inevit

[10:11] {Threei} 1:1

[10:11] {dino} algt sm l .75

[10:11] {Threei} 1:2

[10:12] {Threei} 1:4, my a$$ is out

[10:12] {dino} wtfg dude

[10:12] {Threei} ty

06[10:12] * Threei slaps jfjf64 around a bit with a large roll of cash

[10:13] {Les} vad did you buy the break or at .50 before the rocket launch?

[10:13] {Threei} no, got .55 after the break

[10:13] {jfjf64} ya da MAN YOU DOG

[10:13] {Les} ok, shit shoulda chased.

[10:13] {dino} woof

[10:13] {Threei} rufff

[10:14] {magoo} out gs 158 ty boss

[10:14] {magoo} fl

[10:14] {Threei} welcome sir

[10:14] {Les} in HBAN since .71. looks like slow grind up

[10:15] {magoo} its got more

[10:15] {jfjf64} TY TY

[10:15] {jfjf64} yes

[10:15] {Threei} wow... double lot or what, lol

[10:15] {Les} cagc

[10:16] {jfjf64} lol lol

[10:16] {fernp} can i open my eyes, vad?

[10:16] {fernp} ty :-)

[10:16] {magoo} UAUA launchg

[10:19] {Les} sndk consolidation

[10:19] {dino} ferts stinkin'

[10:21] {dino} ctrp to .71

[10:21] {Les} esi bottoming out

[10:21] {dino} an to lod

[10:21] {dino} wanted 112 esi

[10:22] {dino} gr spike

[10:26] {dino} giddy-up

[10:27] {nemo} 1/2 out sndk

[10:27] {Les} +.20 esi on pullback watching 114 break

[10:28] {ese} L gild .40

[10:29] {nemo} all out .60 .20

[10:29] {RonS} ter it up

[10:30] {Threei} USD/CNY (US) US Senator Graham: Not content with just a 'small' changes in the Chinese Yuan

[10:30] {ese} out gild .51 +.11

[10:30] {Threei} Long Setup: AA .75 break

[10:30] {Les} lol love these guys and their contentment

[10:31] {dino} aos to .22

[10:31] {dino} ctrp to .01

[10:31] {fernp} .69 stop, Vad?

[10:31] {Threei} sure

[10:32] {dino} out aos .22, +.68

[10:32] {dino} out ctrp .01 +.70

[10:32] {Threei} GR) MOODY DOWNGRADEES GREECE RATING

[10:32] {Threei} ugh

[10:32] {fernp} stopped

[10:32] {Threei} thank you moody

[10:32] {Threei} what timing

[10:33] {dino} shocking

[10:33] {dino} buy thevdips imo

[10:34] {Threei} rinse

[10:34] {Les} heck yeh

[10:35] {Threei} just one opf those things - this hadline had to come in a few seconds after our entry

[10:35] {Les} same entry?

[10:35] {Threei} nah

[10:36] {shorty} bck in a bit

[10:38] {Les} l esi .92

[10:39] {fernp} PCX 22 break, vad?

[10:40] {Threei} probably... a bit on a thin side though

[10:42] {Les} out esi + 1.00

[10:42] {Les} BITCHIN!

[10:44] {magoo} UAUA

[10:44] {dino} wtg les

[10:45] {Les} nice play you had there for me

[10:45] {Threei} LCC Discontinued discussions with UAUA (6.68, -0.08, -1.18%)

[10:45] {Threei} discontinued recent discussions with UAL Corporation (NASDAQ: UAUA) regarding a potential merger between the two companies.

[10:46] {dino} wcc

[10:47] {magoo} u watchin this uaua??

[10:47] {dino} lol les, the pulp trade

[10:47] {dino} cagc

[10:48] {Threei} watching but so what

[10:48] {Threei} I can't trade this

[10:48] {dino} wow ltm

[10:48] {ese} L nvda .399965

[10:49] {RonS} ltm - 10.4 mil sh short, 27.6% float

[10:50] {dino} that your phone # es

[10:51] {Threei} lol

[10:52] {Threei} (GR) IMF's Lipsky: Greece leaving the EU is not a serious option (related NBG EUR/GBP EUR/USD )

[10:53] {Threei} IMF's Lipsky, whispering: really, do they want us to carry it alone? no way

[10:53] {dino} perhaps its not serious to imf

[10:54] {ese} out nvda .46 +.06 and change 10k

[10:54] {ese} of the little buggars

[10:54] {Threei} wtg

[10:55] {ese} timing seems to be a little better today

[10:55] {ese} or judgement....one of the two

[10:55] {Threei} were you offering it ese, or hitting the bid?

[10:56] {ese} offered it that time

[10:57] {Threei} - says its too early to discuss figures for Greece aid package.

[10:57] {Threei} no really?

[11:03] {Threei} patience better back off of her second part of the trip... Thailand looks like unfit place for that right now

[11:04] {ese} not to mention the bugs and viruses you can catch

[11:06] {ese} bstop pcar 46.15

[11:08] {ese} fill .14

[11:10] {KSystems} hi

[11:10] {fernp} VMED breaking .80

[11:12] {Threei} yesterday's high too

[11:12] {Threei} KS :)

[11:12] {fernp} stop is under .70

[11:13] {ese} dino you checked out qcom at all today

[11:14] {dino} on screen, db?

[11:14] {ese} they beat earnings and revs and have had the crap kicked out of them

[11:14] {ese} yes

[11:15] {dino} guid sucked

[11:15] {dino} 38.75 area?

[11:15] {Threei} DNDN Hearing vague chatter FDA could respond favorably on Provenge

[11:15] {Threei} - Note: FDA meeting is scheduled for May, and JP Morgan made positive comments on 4/13

[11:17] {fernp} KG short, Vad?

[11:19] {Threei} hard to tell

[11:19] {Threei} chart looks short,

[11:19] {Threei} but it had quite negative news lately

[11:19] {Threei} and didn't really panic

[11:20] {Threei} yesterday's selloff is not a hard dump

[11:20] {fernp} ok ty

[11:20] {Threei} can't really tell...

[11:21] {shorty} b/o URI 12 Threei

[11:21] {dino} qcom sm l .25

[11:22] {shorty} too thin

[11:23] {Threei} 50/50 shorty

[11:23] {shorty} TCB has a nice trend

[11:23] {shorty} ty Threei

[11:26] {dino} poor raven

[11:26] {nemo} ?

[11:27] {dino} kicking him

[11:27] {dino} worse than trout

[11:27] {Threei} chanserv has mind of his own, you know

[11:27] {Threei} yesterday he was kicking out KS

[11:27] {Threei} his creator

[11:27] {dino} understandable

[11:27] {magoo} now watch raven enter room under new namme "black bird"

[11:28] {magoo} and f'bomb us lol

[11:28] {dino} tweet

[11:28] {Threei} I suspect KS programmed him to like bossing people around

[11:31] {dino} sold!

[11:33] {shorty} I am afraid Raven will turn into Dawg.

[11:35] {dino} nevermore

[11:35] {Threei} (CA) BoC's Carney: Still believe Canadian housing market will slow down over the course of 2010; temporary factors have recent raised inflation

[11:35] {Threei} - expecting Q1 to exhibit considerable growth; CAD assumptions in report do not imply a forecast

[11:35] {Threei} - Growth has been increasingly dependent on productivity; expecting higher business investment in the coming months

[11:36] {shorty} I would like to buy a rental property, I guess I should wait.

[11:38] {RonS} ...hearing Bam speech at top of hour w/ Bankfiend in attendance (strapped to the whipping post?)

[11:38] {Threei} lol

[11:38] {ese} stopped pcar . 91 -.24

[11:38] {dino} in usa shorty do not wait any longer

[11:39] {shorty} Where would be a good place in the US to buy and rent out?

[11:39] {dino} close to where you live, imo

[11:39] {strider} Hickory, NC. Matter of fact, I have one to sell you.

[11:40] {shorty} I was thinking SoCal, near a school.

[11:40] {dino} lol, i have one in myrtle beach i'll sell you

[11:40] {Threei} do I get my cut?

[11:40] {dino} w/razor

[11:40] {dino} esi lod

[11:41] {shorty} Or Detroit dino. I wonder if it comes boarded up or not.

[11:42] {shorty} Is that a d/t on TCB?

[11:42] {RonS} omg, the bird has landed...welcome Raven...

[11:42] {dino} hear they go for about 20k in detroit

[11:43] {shorty} Pay cash and wait.

[11:43] {dino} esi 112s

[11:43] {Raven} lol ... hi Ron ... been setting up #RT on new machine ... what a nightmare

[11:43] {Raven} logging in and out

[11:48] {dino} mossback, mos, trying for green

[11:52] {Threei} (US) President Obama: Senate and House versions of the financial regulation overhaul are a "significant improvement" to current rules, reforms are "absolutely necessary"

[11:53] {Threei} - Some huge executive bonuses stoked "perverse incentives" for bankers to take reckless risks, these must change.

[11:53] {Threei} - Seeing hopeful signs in the US economy.

[11:54] {magoo} why is mkt liking reform??

[11:55] {Threei} derivatives market needs transparency, to be conducted "in the light of day."

[11:55] {RonS} gs

[11:57] {RonS} ...cannot believe that O said he predicted the recession in 2007...

[11:57] {shorty} really?

[11:57] {Threei} why?

[11:57] {dino} well he is all knowing and all seeing

[11:57] {Threei} isn't he The One?

[11:57] {Threei} what is so suprizing for you ron?

[11:57] {dino} lol, matrix

[11:57] {shorty} I predicted it

[11:57] {shorty} not him

[11:57] {dino} the name was neO

[11:58] {RonS} ...it just amazes me that politicians are such shameless liars

[11:59] {dino} why does it amaze you? its been that way my whole life

[11:59] {nemo} it's a prerequisite for the job

[11:59] {dino} egomaniacs

[11:59] {magoo} obama made 5.2 million in 09

[12:00] {magoo} says hes one of the people, poor

[12:00] {dino} poor guy

[12:02] {shorty} Funny that in my parents town, back in the 60's, the richest person there was the priest.

[12:02] {shorty} Good money management skills I guess.

[12:04] {dino} or good at providing guilt

[12:04] {magoo} 2nd richest was the quior boy

[12:04] {shorty} lol

[12:04] {Threei} lol

[12:04] {jfjf64} all thieves

[12:05] {Threei} funny how word "derivatives" sounds like derogatory term

[12:05] {dino} all they are are options

[12:05] {Threei} "they used those (pause, voice becomes stronger) DERIVATIVES...":

[12:06] {Threei} VMED finally 1:1

[12:07] {fernp} yes

[12:07] {Threei} lol, look at this beaut:

[12:07] {Threei} (GR) Greek Officials: Markets appear to be pressuring for the activation of the EU/IMF debt package

[12:07] {ese} L pcar .93

[12:07] {dino} mos

[12:07] {Threei} fansy way to say "markets refuse to finance Greece"

[12:07] {Threei} - There is the possibility that the package may need to be activated sooner than previously estimated

[12:09] {shorty} WFC up

[12:16] {Threei} Long Setup: DCTH .20 break

[12:17] {nemo} or should we enter on melt

[12:17] {magoo} in

[12:17] {nemo} too late

[12:18] {Threei} most often these huge offer jobs are "try to grab last shares"

[12:19] {RonS} IMAX flagging for a break up?

[12:19] {Threei} most likely

[12:21] {Threei} needs market help of coursde, news effect wears off somewhat

[12:23] {magoo} AIG going

[12:26] {Threei} see how IMAX acts?

[12:26] {Threei} willing but needs market help

[12:27] {Threei} happily makes new high if market is kind enough to make couple upticks

[12:50] {Threei} JP) BoJ Chief Shirakawa: Bubbles do not develop without low rate expectations

[12:51] {Threei} - Monetary policy was not simply dictated by inflation during the crisis, was also influenced by politics

[12:57] {dino} es i pretty much halted qcom

[12:57] {Threei} with whole market

[12:57] {Threei} I knew it was fault of someone's in this room

[12:58] {dino} raven having a tough time

[12:58] {dino} ccmp

[12:58] {Threei} well, it was his choice to get new computer - as if there was anything wrong wioth that Commodore 64

[12:59] {dino} still running that 286 on dial-up

[13:00] {Threei} that's the way to go

[13:00] {Threei} 14.4 dial-up is a great speed

[13:03] {magoo} AIG

[13:04] {Les} wow esi. you in dino?

[13:04] {Threei} Long Setup: NYX .81

[13:04] {ese} that was a nice little 9 iron from 135 yards right on the pin.......sorry..... I mean out pcar .10 +.17.......feels the same anyway

[13:05] {Threei} if stays above .70

[13:05] {dino} lol es, was just thinking about golf

[13:05] {magoo} be something if they turn this mkt green vad

[13:06] {dino} they will by 2:00 pm

[13:06] {Threei} lol, I was just thinking: if we manage to close in green today, the screams of wounded bears will be heard on the moon

[13:06] {ese} I'm gonna make dn your way sometime dino.......play around mertle beach a bit....Harbour Town?

[13:06] {dino} buy the dips

[13:06] {Les} aren't they dead already?

[13:06] {magoo} nemo NOt for sale dino

[13:07] {dino} some day es we will play a few rounds of golf

[13:08] {Threei} dino, see ICE?

[13:09] {Threei} push for derivatives (pardon my french) to be cleared seems to finally come to fruition

[13:10] {dino} hmmm

[13:10] {RonS} cme like ice

[13:10] {Threei} OK, you europians in the room, are you thinking of emigration yet?

[13:10] {Threei} GR) EU's Rehn: EU countries may be prepared to approve a bank tax in June

[13:11] {Threei} - ready to swiftly begin Greek aid package if mechanism is activated.

[13:11] {Threei} - believes Spain, Italy and Portugal will avoid any debt crisis

[13:11] {Les} esi 113

[13:11] {Threei} ok, Spain, Italy and Portugal are so done

[13:12] {Threei} "bank stability levy "

[13:12] {Threei} amazing how they don't see that it's a road into abyss

[13:13] {Les} fern, spanish banks still holding properties on their books than need to be written down?

[13:13] {Threei} the idea is: let's charge banks some levy, form a fund that will serve as cushion if they fail,

[13:13] {fernp} why don't you come to visit me, Vad?

[13:13] {Threei} so we can bail them out using that fund, not taxpayer money.

[13:14] {Threei} Great idea, right?

[13:14] {Threei} WRONG

[13:14] {Threei} if you read Freakonomics, you know why

[13:14] {Les} why?

[13:14] {RonS} actu broke 6.00

[13:14] {Les} I don't read freakonomics

[13:14] {Threei} perfect example of unintended consequences created by swrong motivations in that book:

[13:15] {Threei} kindergarten has a problem with parents being late to pick up kids

[13:15] {Threei} NYX 1:1

[13:15] {RonS} earth to 3i --- actu

[13:15] {Threei} teachers have to stay late, overtime, etc

[13:16] {jfjf64} ty

[13:16] {Threei} I see it Ron

[13:16] {dino} giddyup mos

[13:16] {Threei} I just can't call it officially with this volume... I emntioned it, you decide whether you like it

[13:16] {Threei} what does kindergarten do?

[13:16] {Threei} smart thing as they think:

[13:17] {Threei} they decide to start charging parents small fee for being late

[13:17] {Threei} what transpires is, cases of them being late explode

[13:17] {dino} supply side economics is the answer w/lower spending.

[13:17] {Threei} they start viewing it as a permission to buy additional time

[13:17] {Threei} at the reasonable price, too

[13:18] {Threei} before the fee they at least had feel of guilt that was eliminated by the charge

[13:18] {Threei} it became business transaction

[13:18] {Threei} I can play tennis 30 min more, then pick up my kid and pay for additional time

[13:18] {Threei} wrong motivation led to opposite result

[13:18] {dino} the basic problem i see, is that the more they collect in taxes the more they spend, and then they need more, etc

[13:19] {Threei} In exactly the same way, this levy will become a permission to take exdcessive risk,

[13:19] {Threei} since it's paid for in advance,

[13:19] {Threei} fail and be bailed out.

[13:19] {Threei} 'I paid in that fund, now I need it"

[13:20] {Threei} just wait and see it working as I described

[13:20] {Threei} and btw,

[13:21] {Threei} as any insurance, premiums can't bail out everyone

[13:21] {Threei} they are based on assumption that majority of cases go without ever requiring payment

[13:21] {Threei} this fund will increase amount of failures

[13:21] {Threei} and will run out of money faster than failures stop

[13:22] {dino} fdic example, went broke, banks took big risks

[13:22] {Threei} exactly

[13:22] {Les} esi is just beautiful

[13:22] {Threei} meawhile, customers pacified by knowledge that banks are "insured" will get caught once again

[13:22] {dino} where you in les

[13:24] {dino} shw animal

[13:27] {Threei} NYX almost 1:2

[13:27] {Les} hesitated and missed dino. got what I want from market and monitoring NYX so I dropped the ball

[13:27] {Threei} we had 2 small stops today, 5-6 cents,

[13:27] {Threei} and one of them was because of that idiotic headline

[13:29] {Les} yeh I might call it quits. good day. won't jinx it. ciao

[13:30] {dino} gj les

[13:35] {dino} ioc spikey

[13:37] {Threei} hmmm

[13:37] {Threei} I vote against Les leaving

[13:38] {jfjf64} me tooooooooooooooooooo

[13:38] {dptl} ye...no slakers :)

[13:38] {Threei} really

[13:38] {Threei} fern is in the same time zone, and look - still suffers here with us

[13:38] {Threei} nopt even speaking of vasilisa

[13:39] {fernp} true

[13:39] {Threei} who has 8:40 pm in her neck of the woods

[13:39] {dino} 1:40 here

[13:40] {Threei} 10:40 am here

[13:40] {shorty} 11:40

[13:41] {Threei} patience, I can't even begin to calculate her time right now

[13:41] {shorty} and -$4 for the day

[13:41] {shorty} -$42

[13:41] {Threei} hmm?

[13:41] {Threei} how do you manage to lose today??

[13:41] {Threei} those two stops wouldn't make even dent in profitable trades

[13:42] {Threei} outweighed by factor 10

[13:42] {shorty} Well........I tried out some of my techniques. = FAIL!

[13:42] {Threei} oh

[13:42] {dino} qcom stopped -.27\

[13:42] {Threei} I'd suggest to learn ours fitrst

[13:43] {Threei} then try cariations

[13:43] {Threei} variations

[13:43] {shorty} The only winner I took from you today wa HBAN, the rest of the time I was away when you called the others.

[13:44] {shorty} AA was a rinse

[13:44] {shorty} WFC was another rinse for me

[13:44] {dino} find your edge shorty

[13:44] {shorty} Can I take your dino?

[13:44] {Threei} no, I already took it

[13:44] {shorty} lol

[13:45] {dino} million ways (edges) just find "yours"

[13:45] {Threei} but look for it after you learned basics

[13:45] {Threei} it's simple:

[13:45] {Threei} there is foundation

[13:45] {Threei} and there are walls, roof etc

[13:46] {Threei} our approach is incredibly simple

[13:46] {Threei} very visual

[13:46] {Threei} and very basic

[13:46] {Threei} learn it,

[13:46] {Threei} then start builsing on it

[13:46] {Threei} building

[13:46] {shorty} no need to correct typo's Threei.

[13:46] {Threei} major understadning of what market is

[13:47] {Threei} and how to act in it

[13:47] {Threei} will be the same, no matter which varioation you eventually create

[13:47] {Threei} look a me and dino for example

[13:47] {Threei} on the surface, our merthods are almost opposite

[13:47] {Threei} I play trend continuation mostly,

[13:48] {Threei} solid liquid stocks

[13:48] {Threei} He oplays reversals mostly,

[13:48] {Threei} thin iliquid ones

[13:48] {nemo} how can they coexist in two states of matter at the same time

[13:48] {Threei} But that's on the surface.

[13:48] {Threei} In reality, they are both based on similar understanding'

[13:48] {Threei} and the same philosophy

[13:49] {Threei} talk to either of us separately about market and trading in general,

[13:49] {shorty} I like to try and range trade. I am trying to get a feel for it.

[13:49] {Threei} you will see that we are absolutely on the same page - even though our trading methods look different

[13:49] {shorty} Look at support and resistance.

[13:49] {Threei} what it tells you is:

[13:50] {magoo} ;rjgjrkrgjj

[13:50] {Threei} you can build different configurations of the walls and roof on the same foundation - IF foundation is solid

[13:51] {shorty} I think magoo is on to something

[13:51] {Threei} you noticed how day after day I hammer you on this theme? philosophy of the market

[13:51] {shorty} yes

[13:51] {Threei} he is... although I'd think it's rather ji'gjsotksmbouwyngjke

[13:51] {shorty} lol

[13:51] {nemo} magoo's off his meds again

[13:52] {Threei} thwere is a good reason for that

[13:53] {Threei} find any trader who is successful over long term,

[13:53] {shorty} Honestly, not many of them I think THreei.

[13:53] {Threei} you will find him willing to talk about general philosophy of the markets more than about particular method of entry, exit, stock picking,

[13:53] {Threei} in fact, this later theme will be almost a matter of shrugging for him

[13:54] {Threei} dismissed as insignificant

[13:54] {magoo} mitt grupen un fuerher

[13:54] {nemo} wow

[13:54] {Threei} it's newbies that think it's a biggest deal in learning to tarde

[13:54] {nemo} er ist ganz verrueckt!

[13:55] {Threei} (US) US Treasury Sec Geithner to hold high level meetings on international capital standards this week with Canada, France, China, and international Financial Stability Board (FSB); separate meetings with Korea, Brazil, others - CNBC citing senior US official

[13:55] {Threei} - official says Treasury has not yet decided on what capital ratios it will be pushing for

[13:55] {Threei} - Note; G20 meeting occurs this weekend

[13:56] {Threei} COMPX just went green

[13:56] {Threei} NDX next

[13:56] {dino} keep it simple shorty, support and resistance

[13:56] {RonS} m is laying some wood on the shorts

[13:56] {Threei} NDX green

[13:56] {shorty} What do you mean "biggest deal in learning to trade"?

[13:56] {Threei} DJI next

[13:57] {Threei} reread my 3-5 lines before that, this one is continuation

[13:57] {shorty} ty

[13:58] {dino} i said green by 2:00

[13:58] {Threei} 2 min more

[13:58] {Threei} come on Dow

[13:58] {Threei} you lazy cow

[14:00] {dino} mos .00 wall sheesh

[14:00] {Threei} SPY 1 cent till green

[14:02] {magoo} ill take a cheeseBEARburger medium please

[14:02] {dino} i will gladly pay you tomorrow for a hamburger today

[14:03] {nemo} just come up with a stock pick, enough of the ground beef bs

[14:03] {dptl} lol

[14:04] {ese} signing off all.....it's choir time......hmmmmmmmshould be miller time

[14:04] {dino} algt to .20

[14:04] {Threei} take care ese

[14:04] {ese} see ya

[14:05] {dino} mos to b/e

[14:05] {dino} cya es

[14:06] {shorty} bye ese

[14:06] {dino} to .30

[14:09] {dino} out algt, hours, .30, +.55

[14:10] {shorty} beauty dino

[14:10] {dino} tough one, random dancer

[14:11] {dino} mos needs to take out .00

[14:12] {dino} mos to .70

[14:13] {dino} screw it to .89

[14:14] {dino} out =.39

[14:14] {dino} +

[14:15] {dino} back in ten

[14:15] {shorty} It's easier to weigh your money then count it dino.

[14:17] {shorty} Do you see a set up with ZION Threei?

[14:20] {dino} the abuse i take

[14:21] {nemo} wa wa wa

[14:21] {Threei} more or less shorty

[14:21] {shorty} ty

[14:21] {Threei} if market spikes, I'd be interested in break

[14:22] {magoo} oh oh...i think dawg changed name to "nemo"

[14:22] {nemo} what about mos break vad

[14:22] {nemo} I haven't used any curse words magoo

[14:23] {Threei} not sure about that one

[14:23] {nemo} 5 miute chart interesting though

[14:23] {Threei} today's intraday is good,

[14:23] {Threei} it's daily that gives me pause

[14:24] {dino} an sm l .35

[14:25] {magoo} GS launching

[14:25] {magoo} GS

[14:26] {magoo} after i posted i hit .90 exited ..11

[14:26] {magoo} gotta be quick

[14:26] {magoo} AOIG AIG

[14:26] {magoo} vadrick

[14:27] {Threei} sorry mags, no read by me

[14:27] {magoo} THAT DOES IT}}}}}}}}}}}}}}}}}}

06[14:27] * magoo slaps Threei around a bit with a large trout

06[14:27] * Threei ducks

06[14:27] * magoo slaps nemo around a bit with a large trout

06[14:27] * magoo slaps shorty around a bit with a large trout

[14:28] {shorty} duck!

[14:28] {shorty} too late

[14:29] {Threei} SPY's green

[14:30] {Threei} I don't see anything for GS

[14:31] {shorty} out ZION +6

[14:31] {nemo} 6 or .06

[14:31] {shorty} .06

[14:31] {Threei} why so soon?

[14:31] {shorty} Can I do it over again?

[14:31] {magoo} .39 - .67

[14:31] {Threei} memontum just arrived

[14:31] {magoo} keep hitting it FL

[14:33] {Threei} pullbaack time GS

[14:33] {shorty} Being in the black Threei, I am happy with a profit. Not thinking clearly.

[14:33] {Threei} ok

[14:34] {Threei} whew

[14:34] {Threei} +.55 GS short

[14:34] {Threei} going to change diaper, wait for me

[14:34] {shorty} lol

[14:35] {dino} ltm

[14:35] {magoo} that-a-boy...i dont want to be doing this all by my lonesome

[14:35] {Threei} GS (CA) Canada Banking superintendent Dickson: Unaware of any ongoing probes of the company (161.28, +2.35, 1.48%)

[14:35] {Threei} lol

[14:35] {Threei} Mr. Dickson just woke up from 3 years coma

[14:36] {Threei} crisis? GS probe? whatcha talking about mate?

[14:38] {magoo} that guys caretaker for our cave vad

[14:38] {magoo} cramer was on now about GS

[14:46] {dino} ltm hod

[14:46] {dino} looking for euphoric spike

[14:49] {dino} hmmm, can't borrow ltm

[14:49] {magoo} dinos got the AC on..so cold its snowing in my office

[14:49] {dino} whiner

[14:52] {dino} an to flat mkt dropping

[14:52] {magoo} ENER

[14:52] {magoo} ENER

[14:53] {Threei} ENER United Solar Ovonic and ContourGlobal to Co-Develop Rooftop Solar Installations for Coca-Cola Hellenic Buildings in Italy

[14:53] {Threei} - The initial stage of the project, which is expected to be completed during calendar year 2010, will involve approximately 3.4 MW of UNI-SOLARlaminates at four CCH facilities in Italy. The parties intend to expand their collaboration to include an additional 4 MW on four CCH sites in the near future.

[14:59] {nemo} gotta' go c u 2 morow

[14:59] {Threei} take care nemo

[15:00] {shorty} bye nemo

[15:00] {Threei} Long Setup: DCTH .10 break

[15:00] {dino} cya nemo

[15:00] {dino} back in 10

[15:03] {fernp} stop below 13.00, no?

[15:03] {magoo} AIG vad neats high

[15:03] {Threei} surw

[15:04] {Threei} .50 break was a play mags, sorry... missed it watching DCTH

[15:09] {shorty} in at .12, was a bit slow

[15:13] {dino} an stopped flat while out

[15:14] {fernp} stopped DCTH

[15:14] {shorty} same

[15:17] {RonS} ...out, finally, imax .80 - +.40 toughie

[15:18] {dino} gj

[15:19] {Threei} nice

[15:20] {dino} sm l esi .75

[15:20] {RonS} jef - major reversal today and i missed, but check the daily and intra

[15:21] {dino} esi to b/e

[15:22] {RonS} rjf looks good too...

[15:23] {dino} hod's

[15:24] {RonS} w/ what happened w/ m today, and the strength in retail i think a short sqeeze has to be setting up in sks

[15:25] {dino} esi to .98

[15:25] {dino} buy the dips ron

[15:26] {dino} out esi slippage .91, +.16

[15:29] {dptl} good evening all

[15:29] {shorty} bye

[15:30] {Threei} take care dp

[15:30] {dino} cya short

[15:30] {dino} cya dp

[15:30] {RonS} ...any of you seen an LTM? ...they are unbelievable...

[15:30] {dino} yeah

[15:31] {Threei} LTM?

[15:31] {dino} good thing i couldn'tborrow it

[15:32] {RonS} LifeTime Fitness...dino, you need to check the short report...10 mil short w. 27% of float

[15:33] {dino} need to get fit first

[15:37] {dino} qcom app lod

[15:44] {dino} ccmp l .51

[15:45] {magoo} dam AIG vad, has a way of racking big point days when we are SICK of it and not in

[15:45] {Threei} shrug

[15:45] {Threei} can trade only what I can read

[15:51] {dino} i yam what i yam

[15:54] {magoo} AMZN MSFT tonite vad

[15:56] {fernp} Good evening everybody. See u all tomorrow

[15:56] {RonS} cya fern

[15:57] {dino} cya fern

[15:59] {dino} stopped ccmp .46, -.05

[16:02] {Threei} thank you all, have a great evening

[16:02] {Threei} see you tomorrow

[16:03] {dino} thx all, good time

Apr 21 2010

"Can do no wrong" day. Longs on FITB, VMED, HBAN, ACAS - all for nice moves with very little risk, and to top it all - GS trade for a nice juicy $1.10.

Session Time: Wed Apr 21 00:00:00 2010

[07:56] {magoo} lRSdhlneeliJLF

[08:03] {strider} VITC

[08:29] {strider} GS big spike

[08:30] {nemo} that must be why fas spiked

[08:30] {Threei} and SPY

[08:30] {Threei} I don't see anything yet though

[08:32] {Threei} ahh

[08:32] {Threei} GS Trading higher, CNBC reports documents raise questions about case against the company; including testimony from the key witness Pellegrini

[08:37] {magoo} MS had good numbers

[08:39] {Les} mags, read this yesterday. interesting angle:

[08:39] {Les} http://seekingalpha.com/article/199342-did-a-clever-sec-bait-goldman-sachs-into-compounding-its-legal-problems?source=email

[08:39] {Les} morning

[08:39] {magoo} :)

[08:40] {Les} article is quite refreshing in that it comes from ex-con convicted for fraud

[08:40] {Threei} magoo, les :)

[08:41] {Les} hey vad

[08:42] {magoo} vadster:)

[08:42] {fernp} Good morning everybody

[08:42] {Threei} IMMU Reports results from two studies on the development of ribonuclease-based immunotoxins at the American Association for Cancer Research confere

[08:42] {Threei} fern :)

[08:59] {Les} BHP releases info pertaining to sec investigation

[09:00] {Threei} AKRX Akorn Announces FDA Approval to Re-Launch Erythromycin Ophthalmic Ointment USP 3.5 g (1.90, 0.00, 0.00%)

[09:01] {dptl} good morning

[09:01] {Threei} dp :)

[09:02] {RonS} gm all. WYNN Steve mulling hq move to Macau, says Vegas growth "retarded by O admin" along with general investment and employment

[09:02] {Threei} Ron :)

[09:03] {Les} steve doesn't like retards hey?

[09:03] {nemo} gotta' go c u 2morow insha alah

[09:03] {Threei} take care nemo

[09:06] {RonS} hban

[09:07] {Threei} HBAN Reports Q1 $0.01 v -$0.15e, R$634.7M v $617Me

[09:07] {ese} morning.....the big question is....how many times is this site gonna kick me out today

[09:07] {Threei} ese :)

[09:07] {ese} vmorning vad

[09:07] {Threei} it doesn't... your connection to server goes on and off

[09:08] {ese} drove me crazy yesterday

[09:08] {Threei} yeah, I saw constant disconnects

[09:11] {Threei} slogan on RIMM's building: Blackberry a day keeps the apple away

[09:16] {vasilisa} gm all

[09:16] {Threei} vasilisa :)

[09:17] {vasilisa} Threei :) :) :)

[09:17] {RonS} ...hearing Spain and Portugal getting punded (unconfirmed) Euro in the 133's again...

[09:18] {Threei} that was kind of given, from the moment Greece crisis began unfolding...

[09:18] {Threei} Italy can't be far behind

[09:18] {Threei} GR) Greek employer federation calls for immediate activation of aid package for Greece

[09:19] {shorty} Good morning all

[09:19] {Threei} shorty :)

[09:19] {RonS} ...surprised ms up and wfc down

[09:20] {Threei} Wells Fargo & Co Reports Q1 $0.50 (ex items) v $0.42e, R$21.4B v $22Be

[09:20] {shorty} HBAN jumped too

[09:20] {shorty} Threei reported it already

[09:21] {Threei} Morgan Stanley Reports Q1 $1.03(incl tax benefit) v $0.57e, R$9.1B v $7.9Be

[09:22] {Threei} RWT Plans to issue private label mortgage securities in an effort to re-open the private MBS market - WSJ

[09:22] {Threei} - RWT trust issue totals $222M

[09:23] {Threei} keeping FITB on radar

[09:24] {RonS} hmmm: Morgan Stanley CFO: 'This Is The Year Of Execution'

[09:24] {dino} gm all

[09:24] {Threei} lol

[09:24] {Threei} dino :)

[09:25] {Threei} so, who is headed for gallows?

[09:25] {Les} name your favourite

[09:25] {dino} lol lot of heads will roll, year of executions

[09:25] {dino} algt bounce

[09:26] {RonS} euro airspace opening...

[09:27] {dino} igte, vitc

[09:27] {dino} gild

[09:27] {RonS} Analyst Actions: Jesup & Lamont Upgrades Allegiant Travel to Buy from Hold - Shares Higher in Pre Market 04/21 07:23 AM

[09:27] {dino} jnpr

[09:28] {dino} algt, aos, stt

[09:29] {dino} ioc

[09:29] {dino} no

[09:30] {lasertrev} morning

[09:30] {Threei} Long Setup: FITB .90 break

[09:30] {Threei} if holding .85

[09:30] {jfjf64} mornin

[09:30] {Threei} jf :)

[09:32] {Threei} over 1:1

[09:32] {ese} in

[09:32] {Threei} half out or scalp, you decide

[09:32] {Threei} half for me

[09:32] {jfjf64} ty

[09:33] {magoo} out .99 DL ty

[09:33] {Threei} 1:2, 1/4 more

[09:33] {Les} didn't wait long enough, but ty

[09:33] {shorty} All out here

[09:33] {Threei} stop b/e for the last portion

[09:33] {ese} .out +.08

[09:33] {ese} tks vad

[09:33] {shorty} ty Threei

[09:33] {Threei} welcome

[09:33] {fernp} ty Vad

[09:33] {Threei} missed HBAN, didn't feel it was ready..

[09:34] {Les} fitb holding well

[09:34] {shorty} Call it a day, going back to bed.

[09:34] {Threei} offering last portion .10

[09:34] {Les} gs up and away

[09:36] {jfjf64} mu

[09:36] {Threei} HBAN, pullback under .20 for entry

[09:37] {Threei} .30 break is valid setup, just more risky

[09:37] {Threei} FITB last target hit

[09:37] {Threei} 1:4

[09:37] {Les} nice partialling example

[09:38] {fernp} stop in HBAN, Vad?

[09:38] {magoo} GILD

[09:38] {magoo} GILD

[09:38] {Threei} under .25

[09:38] {fernp} ty

[09:39] {Threei} 1:1

[09:39] {fernp} ty

[09:39] {Les} yhoo selloff

[09:40] {dino} nuva

[09:40] {magoo} gild .50 - .80 out

[09:40] {magoo} ty vad

[09:40] {Threei} but of course

[09:41] {Threei} FITB still moving, wow

[09:41] {Threei} straight line up

[09:41] {magoo} yea fitb..coulda been rich

[09:41] {magoo} had 2k

[09:41] {Threei} look at our entry now, when we see the whole chart

[09:41] {Threei} is it brilliant or what

[09:41] {magoo} roflol

[09:41] {magoo} modesty

[09:41] {shorty} I love hindsight.

[09:42] {Threei} always :)

[09:42] {Threei} excuse me... it was called before the move

[09:42] {Threei} that's not a hindsight

[09:42] {shorty} I am tlaking about holding it

[09:42] {shorty} I should have hjeld it longer

[09:43] {Threei} trade management is totally separate issue

[09:43] {shorty} The entry was more then genius Threei. :D

[09:43] {Threei} there you go - was it that hard?? :)

[09:43] {shorty} lol

[09:44] {Threei} let me fix my shoulder that I dislocated patting myself on the back

[09:44] {Les} stx hod break?

[09:45] {Threei} can't tell

[09:45] {Threei} ACAS...

[09:46] {Threei} I'd prefer a pullback to 6.05

[09:46] {Threei} but may be a case of pure break

[09:46] {ese} dino.....gild

[09:47] {Les} tpx

[09:47] {shorty} ZION is like FITB

[09:48] {Threei} Long Setup: ACAS .15 break if holding above .10

[09:48] {dino} fcx

[09:49] {RonS} wow check wfc

[09:50] {shorty} crazy

[09:50] {dino} nuva sm l .00

[09:52] {Les} ms pullback to support. .65 break if holding .60?

[09:52] {Les} nope

[09:52] {Les} altr crash and burn

[09:53] {fernp} VMED, Vad 18 break?

[09:53] {Threei} absolutely

[09:53] {Threei} beauty of a chart

[09:54] {dino} gild sm l .55

[09:55] {Threei} perfect entry dino

[09:56] {Les} banksters day

[09:56] {Threei} very clean, pullback into support and strength reappearing

[09:56] {jfjf64} fitb

[09:57] {ese} dino...got an opinion on gild

[09:57] {dino} lucky

[09:57] {dino} up

[09:58] {magoo} [09:38] {magoo} GILD

[09:58] {magoo} [09:38] {magoo} GILD

[09:58] {dino} look earlier magoo, had gild up before open

[09:58] {Threei} wow HBAN

[10:05] {Threei} VMED 1:1, half out or scalp

[10:05] {shorty} Thanks fernp

[10:05] {dino} nuva stopped -.33

[10:05] {Threei} GE) German Fin Min Schaeuble: Would be a mistake to allow a Eurozone state to default, consequences are unforeseeable - comments to German legislature

[10:05] {Threei} no really?

[10:05] {Threei} how did Europe exist before that came along?

[10:05] {Les} so would printing huge amounts of money to bail them all out

[10:06] {Threei} yeah... but from their standpoint this latter choice means kicking the can further down the road

[10:06] {shorty} Still in ACAS?

[10:06] {fernp} HBAN pulback , Vad?

[10:06] {Threei} thus acceptable

[10:06] {Les} yeh

[10:07] {magoo} news vad FCX?

[10:07] {dino} gild flat

[10:07] {Threei} maybe if consolidates between .55 and .60 for couple min, fern

[10:07] {dino} nuva major fjob

[10:07] {Threei} nothing after 8 am mags

[10:07] {Threei} earnings back then'

[10:08] {Threei} FCX Reports Q1 $2.00 v $1.91e, R $4.36B v $4.5Be

[10:08] {Threei} - Guides FY10 production: Copper 3.8B lbs, gold 1.8M oz, molybdenum 62M lbs

[10:09] {dino} looked good fcx

[10:09] {dino} rinses today

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

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

[10:10] {Threei} Crude: -500Ke

[10:10] {Threei} Gasoline: +500Ke

[10:10] {Threei} Distillate: +800Ke

[10:12] {dino} fcx sm l .70

[10:13] {dino} nuva last try .00 l sm

[10:14] {Threei} FCX Exec: Growth in China continues to be very strong; rise in standards of living will continue demand for input products -conf call

[10:14] {Threei} - Have seen signs of demand recovery for products in pockets of the developed world

[10:15] {shorty} fernp, you still hold VMED?

[10:15] {fernp} no, sold at 1:1

[10:15] {shorty} Me too. Thanks for the call.

[10:16] {fernp} yw

[10:16] {Threei} COIN Receives Re-Order from Matosantos Commercial Corporation, Companys distributor to Walmart and Other Retailers for its Organic Fertilizer

[10:19] {dino} ctrp

[10:19] {Threei} NYMX Ticking higher after circulation of webpost highlighting drug pipeline potential

[10:19] {Threei} seekingalpha cites two twitter postings that are positive on its drugs

[10:19] {Threei} oh boy

[10:20] {Threei} twitter postings are now end all be all?

[10:20] {Les} hehe get with the times vad!

[10:20] {shorty} I only go by twitter. It's my new google.

[10:20] {Les} social networking

[10:21] {Les} acas holding nicely

[10:21] {Threei} I am so out of this era

[10:22] {Les} I tried these social sites and gave them all up. waste of time

[10:22] {Threei} I shudder of the very concept of twitter, and will let myself get shot rather that start posting there

[10:22] {ese} plxs also dino........L nvda .69 sm

[10:22] {Les} tpx news vad?

[10:22] {dino} nuva stopped, thing is broken

[10:22] {shorty} I was on facebook, but closed my account.

[10:23] {Threei} I don't want to network socially in real life, why would I want to do that in virtual one

[10:23] {shorty} lol

[10:23] {Threei} nothing fresh Les

[10:23] {Threei} earnings yesterday

[10:23] {Threei} upgrade today

[10:23] {ese} it's a nightmare vad.....once you start you can't stop....

[10:23] {jfjf64} comon vad

[10:23] {Threei} GM Reportedly discloses October launch of plug in hybrid electric Volt vehicle

[10:24] {dino} plxs good report/guid, hmm

[10:24] {shorty} You don't have a choice but to network ese.

[10:24] {jfjf64} old school

[10:24] {Threei} not for me ese - not networking comes very natural to me :)

[10:24] {Les} fcx

[10:24] {dino} gild db

[10:25] {dino} in les from .70

[10:25] {Threei} to network on the other hand, I have to apply effort... and we all know that in my fight with laziness I lose every single time

[10:25] {Les} missed reversal, looking for new setup

[10:25] {dino} hmmm good news being sold...

[10:25] {ese} im still watching gild dino

[10:25] {dino} me too

[10:25] {Threei} not everywhere dino

[10:25] {Threei} seems to be sector specific

[10:26] {dino} no but more than expected imo

[10:26] {Threei} finnies have no problem going up

[10:26] {shorty} Threei, this is why I like winter sometimes....."Shucks! A blizzard! I guess I will stay inside then."

[10:26] {fernp} QQQQ breakdown, Vad?

[10:26] {dino} gild jump

[10:26] {Threei} ummm... no thanks... I will pick summer, and sit home as a matter of choice, not being forced to :)

[10:27] {dino} plxs .25 trig l imo'

[10:27] {Threei} I don't want to play it fern

[10:27] {fernp} ok

[10:27] {Threei} it's just not something that worked in a long time

[10:27] {dino} or pullback to .75

[10:27] {shorty} I am learning Threei.

[10:27] {Threei} and I don't want to be a hero catching the veryu first day when it started working

[10:27] {KSystems} hey

[10:27] {Threei} KS :)

[10:28] {dino} stocks are jumping all around bigger today

[10:28] {Les} in fcx .76

[10:29] {shorty} ACAS is a flashback of NUAN for me.

[10:30] {Threei} *DOE CRUDE: +1.9M V -500KE;

[10:30] {Threei} GASOLINE: +3.6M V +500KE; DISTILLATE: +2.1M V +800KE; UTILIZATION: 85.9% V 86.0%E

[10:30] {Threei} what is so significant about NUAN?

[10:31] {dino} nothing

[10:31] {jfjf64} utx

[10:32] {dino} miised

[10:32] {Les} vad altr read?

[10:32] {Threei} asking shorty, dino... :)

[10:32] {dino} missed

[10:32] {Threei} ALTR is almost time to start hunting, IMO

[10:32] {Les} stopped fcx

[10:32] {Threei} not time yet but very soon

[10:33] {Les} .84 is pivot support

[10:33] {shorty} Didn't we hold it for an hour or something like that?

[10:33] {Threei} when??

[10:33] {Threei} last week or so?

[10:34] {shorty} I don't remember, I think so.

[10:34] {Threei} wow...

[10:34] {Threei} here is one of things to curte:

[10:34] {Threei} cure

[10:34] {RonS} no avail to short for me, but jef is flagging for a breakdown. should be good for .50

[10:34] {Threei} you put too much significance in any given trade, vs looking at trading as flow

[10:35] {Threei} none of them is worth remembering beyond 5 min after its over

[10:35] {Threei} ACAS 1:1 btw

[10:35] {shorty} lol.....OK Threei

[10:35] {Threei} I amserious, this is one of cornerstones of the right mindset

[10:35] {shorty} I don't know why I remember it. It's the feeling.

[10:36] {Threei} 1:2

[10:36] {Threei} I am out

[10:36] {strider} me too neither

[10:36] {strider} thanks vad

[10:36] {Threei} welcome sir

[10:36] {Threei} (US) Reportedly White House is examining current EPA Greenhouse gas emissions rules

[10:36] {shorty} TY Threei!

[10:36] {Threei} sure thing

[10:37] {shorty} How do you cure that THreei?

[10:37] {Les} pure malt whisky shorty

[10:37] {Les} lots of it

[10:37] {shorty} lol

[10:38] {Les} altr

[10:38] {Threei} see? Les has advanced nicely on the path of enlightment

[10:39] {Threei} you work on the mindset...

[10:39] {Threei} starting with right philosophy

[10:39] {dino} fcx stopped -.25

[10:39] {Threei} and deriving right mindset from it

[10:39] {jfjf64} utx

[10:39] {Threei} and no skipping the steps

[10:39] {Threei} shortcuts simply don't work

[10:39] {jfjf64} yeah

[10:40] {Threei} ACAS 1:4

[10:40] {ese} L nvda avg .63

[10:42] {shorty} I am working on the TPP.

[10:42] {dino} i am getting rinsed out like a dish rag

[10:43] {dino} gild .50 sm l

[10:44] {RonS} ...did you just sell at 50.00? :)

[10:44] {dino} sm l ctrp .90

[10:46] {dino} ? ron

[10:47] {Les} partialling out of altr

[10:50] {jfjf64} chrw

[10:51] {jfjf64} watchin 5 min

[10:51] {RonS} aig

[10:51] {jfjf64} invalid

[10:52] {jfjf64} pcp chart ready to go

[10:54] {dino} fcx

[10:54] {Threei} 73% Say Its Likely Goldman Sachs Committed Fraud

[10:54] {dino} fcx gap around 75.25

[10:55] {RonS} 100% say they are pollsters

[10:55] {strider} 73% are just guessing based on how they "feel".

[10:55] {Threei} being uncomfortable to be a part of a crowd and making my living by disagreeing with majority, this makes me what, GS accomplice?

[10:56] {RonS} fcx doubles divvy and gets shafted...

[10:57] {Threei} when you look under the hood of the poll however, some interesting things can be seen:

[10:57] {Threei} But Americans are evenly divided about whether the timing of the suit was based upon concerns about fraud or a desire to help the Obama administration politically.

[10:57] {Threei} 39% of Americans believe the government investigation of Goldman Sachs is based on a legitimate concern about fraud.

[10:57] {Threei} But 40% say the investigation is an effort to help the government gain more control over the financial industry.

[10:59] {RonS} ...these are the same people who have no idea where Canada is? suspicious sophistication...

[10:59] {Threei} lol

[11:01] {dino} thats the master plan, dumb them down and take over

[11:02] {Threei} then I say it's a good thing that most don't know where Canada is

[11:02] {dino} how do you think the middle east does it? keep them stupid

[11:02] {RonS} lol, but the Mexicans do...

[11:03] {Threei} keep them stupid and vodka cheap :)

[11:03] {RonS} ...or, just the vodka cheap...the Russian way...

[11:04] {ese} vad did you get into acas......i missed the call

[11:04] {Les} vad fcx read?

[11:04] {Threei} 09:48] {Alert} Threei Long Setup: ACAS .15 break if holding above .10

[11:04] {Threei} none yet Les

[11:05] {RonS} fcx seems to be pounding out a bottom...

[11:05] {ese} cool

[11:05] {shorty} Threei, PCBC. Thoughts?

[11:06] {Threei} none... not enough activity

[11:06] {ese} nvda stopped .55

[11:06] {Threei} but I am flattered you think I have thoughts

[11:06] {ese} -.08

[11:06] {shorty} No your not.

[11:08] {strider} Any news on MRK, vad?

[11:09] {Threei} not since before market

[11:09] {Threei} 07:35 MRK Obtains exclusive rights to market and distribute MassBiologics' Tetanus-Diphtheria (Td) Vaccine in the US

[11:10] {strider} Big red candle tody.

[11:10] {strider} today

[11:10] {Les} fcx gunning for 77 altr testing lod

[11:12] {dino} wants the gap

[11:12] {Threei} GS CEO Blankfein and VP Fabrice Tourre (the individual named in the SEC complaint) to reportedly testify before Senate committee on April 27

[11:13] {dino} plxs sm l .20

[11:21] {Les} fcx .25?

[11:22] {Threei} 50/50

[11:22] {Threei} no clarity

[11:22] {strider} EBAY short?

[11:23] {Threei} I doubt it

[11:23] {Threei} EBAY Hearing Deutsche Bank adds to short term Sell list (timing uncertain

[11:23] {Threei} look at VMED

[11:24] {Threei} nice find... good setup working no matter what

[11:25] {fernp} QID .61 long

[11:25] {fernp} stop under .55

[11:26] {Threei} nice one fern

[11:26] {fernp} 1:1 QID and easy

[11:26] {Threei} I didn't see this breakdown coming

[11:28] {RonS} ...first hint was dino getting stopped...

[11:31] {Threei} MS CFO: Firm has not received any Wells notices regarding its CDO business - conf call comments

[11:34] {RonS} ...that reversal in altr is a mind blower given their tie to aapl

[11:36] {Threei} I am fighting the temptation to call long on it

[11:37] {Threei} I'd say, by itself it's ready

[11:37] {Threei} market may keep it down more

[11:37] {Threei} but any bounce in the mnarket should rocket it

[11:38] {Threei} IMAX Signs theater deal in China (18.81, +0.12, 0.64%)

[11:40] {Threei} see?

[11:40] {Threei} anyone found entry, ALTR?

[11:40] {Threei} or IMAX?

[11:40] {Les} .60

[11:41] {Threei} single theater for now

[11:41] {Threei} Imax Corp Signs theater deal in China

[11:41] {Threei} - Signed an agreement to install a digital IMAXtheatre system at the exhibitor's new 16-screen multiplex in the city of Hangzhou, the capital of China's Zhejiang province. The theatre is scheduled to open in late June 2010, in time to show Aftershock, the first mainstream Chinese film to be digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience.

[11:42] {dino} mos gap fill from yesterday

[11:42] {Les} half out .70

[11:42] {dino} ty ese, out plxs .95, +.75

[11:43] {Threei} wtg Les

[11:43] {Threei} US) Senator Sherrod Brown (D-OH) plans to introduce legislation to limit the size of US banks

[11:44] {dino} i introduce that we limit the amount of talking a senator can do

[11:44] {Les} 1/4 .80

[11:45] {fernp} MS .80 break , Vad?

[11:45] {fernp} wide stop, no?

[11:46] {Threei} sorry fewrn, I can't answer this question, I need 5 min more to laugh about dino's idea

[11:46] {Threei} but, no, I am not delighted by MS :)

[11:46] {dino} :D

[11:46] {fernp} lol

[11:47] {dino} hey, how about that olxs trade too

[11:47] {dino} plxs\

[11:47] {Threei} while we are on... can we widen that to cover president too?

[11:47] {Les} fcx 77 break?

[11:48] {Threei} ALTR pure unbridled beauty

[11:48] {dino} to all poly (many) tic(ians), bloodsuckers

[11:48] {Threei} can't tell FCX

[11:48] {Threei} ALTR 1:3

[11:48] {Threei} out Les?

[11:49] {Les} 1/4 left

[11:49] {Les} vwap 26.40

[11:49] {Les} figure it still has some value

[11:50] {Les} what's altr's relationship to aapl?

[11:51] {Les} spent today with fcx and altr, learning to play reversals

[11:52] {dino} mos sm l .70

[11:55] {Threei} (US) US Senate Agriculture committee votes 13-8 to pass derivates regulation bill out of committee

[11:55] {Threei} - Note: on 4/16 Senate Agriculture Committee releases the Wall Street transparency and accountability act; includes regulation of Counter swaps markets

[11:55] {fernp} MS .80 break was good :-)

[11:56] {Threei} hey

[11:56] {Threei} Mr Obvious is MY title!

[11:57] {Les} all out .97

[11:58] {Threei} wtg

[11:59] {Les} would be much greener if I stopped going long every time it looks like reversing and read all the factors needed for reversal

[11:59] {Threei} think about it this way:

[12:00] {Threei} there must be a reason why everyone and their brother tries to catch reversals,

[12:00] {Threei} there must be a reason why everyone and their brother are not successful,

[12:00] {Threei} there must be a reason why every pause on the way down looks like chance for entry but isn't,

[12:01] {Threei} there must be a reason why, after trading for a living for the last 14 years, I call reversals what, once for every 10 calls?

[12:01] {Threei} if that

[12:01] {fernp} gotta go. Have a good day everybody. See you all tomorrow

[12:01] {Threei} take care fern

[12:01] {RonS} cya fern

[12:02] {RonS} imax

[12:02] {shorty} bye fernp

[12:12] {Threei} Dutch media reports incident on Tuesday of cargo plane traveling from Germany to Netherlands found to have ash in its engines after landing

[12:12] {Threei} - inspectors today are expected to determine whether the engine was damaged by the ash.

[12:12] {Threei} - the carrier, World Airways, canceled a second cargo flight that day after the ash was found in the engine of the first plane - DeStentor

[12:14] {Les} that CEO of BA Walsh been loud enough about no need for stoppage

[12:14] {Les} BA plane goes down and he'd bitch that it's govts. fault. dumbass

[12:17] {Les} l altr .06 stop under 26

[12:18] {magoo} we in anything vad?

[12:18] {Threei} no

[12:18] {Threei} wow IMAX

[12:20] {Threei} General Motors Corp White House's Summer: US auto industry employment has stabilized, prospects for industry improving with the payback of bailout money

[12:20] {Threei} - govt still likely to experience a loss on auto bailout, but a smaller loss than forecast last year.

[12:21] {Threei} PALM Ticking lower as Dealreporter offers catious comments (timing uncertain) (4.87, -0.04, -0.81%)

[12:27] {Les} someone switched fcx back on

[12:29] {dino} yeah, that sucks i was waiting at 75.50

[12:30] {magoo} any read AIGay vad?

[12:30] {shorty} lol

[12:31] {Threei} for a scalp, maybe, on pullback to about 42.05 or so

[12:31] {Threei} for bigger trade, nah

[12:33] {magoo} any read on the golden sack vad?

[12:34] {shorty} ACAS Threei .25 b/o. Or is it done for the day?

[12:36] {Threei} I'd leave it alone

[12:36] {Threei} FITB .20 break is more interesting

[12:36] {Threei} ACAS that was

[12:36] {shorty} ty

[12:36] {Threei} GS, no

[12:38] {Les} stop under .10 fitb?

[12:38] {magoo} in fitb

[12:38] {Threei} for a daytrade yes, Les

[12:40] {Threei} AIG, if you took it, mags... take scalp IMO

[12:40] {magoo} missed it

[12:40] {Threei} ok

[12:40] {Threei} don't regret

[12:40] {magoo} gooreadd tho

[12:40] {Threei} was so so trade

[12:41] {Threei} it worked only because it knew I was in "can do no worng" mode today

[12:42] {dino} as 3i pats his own back

[12:42] {dino} out ctrp .44, +.54

[12:42] {Threei} with the other hand dino...

[12:42] {shorty} nice dino

[12:42] {Threei} one is hopelessly dislocated for the day

[12:42] {dino} ty

[12:43] {Threei} hand? arm I guess

[12:44] {Threei} European banks face an annual 19bn ($25bn) tax bill and as much as a 10% hit to profits if regulators opt for a US-style levy on individual balance sheets, according to analysis by KBW. The analysis comes in the week that the IMF published its own recommendations on bank taxes.

[12:45] {Threei} The impact of such a tax would vary dramatically between European banks, with Commerzbank, Royal Bank of Scotland and Crdit Agricole being among the worst hit. Standard Chartered, HSBC and UBS would be among the least-badly impacted

[12:46] {Threei} isn't the level of idiocy in the world simply astonishing?

[12:47] {Threei} KBW calculated the impact to profits at select European banks of a15bp flat tax on balance sheets. A selection of its finding are listed below.

[12:47] {Threei} Dexia 20.6% Commerzbank 13% RBS 10.9% Crdit Agricole 9.1% Deutsche Bank 7.8% Lloyds Banking Group 7.4% Barclays 6.9% BNP Paribas 6.2% Socit Gnrale 6% Credit Suisse 5.6% UBS 4.5% HSBC 3.9% Standard Chartered 2.2%

[12:47] {Threei} just go ahead already imbeciles, tax everything in sight

[12:47] {Threei} let it all collapse

[12:47] {Les} amen

[12:47] {dino} they are

[12:48] {Threei} maybe next civilization will finally learn the lesson of socialism not working

[12:48] {Threei} 'cause this one sure is hopeless

[12:48] {dino} politics of envy, you are witnessing it. you got it, i want it, can't fiogure out how to get it, so i'll destroy it. waiting for john galt

[12:49] {Threei} forgive me for serving the obvious remark but I can't help it... WHO IS JOHN GALT?? :)

[12:50] {dino} roflol

[12:50] {Threei} :)

[12:50] {RonS} I am John Galt

[12:50] {dino} dagny tagart will show first

[12:50] {RonS} :D

[12:51] {RonS} fitb .30 target or more?

[12:51] {Threei} kind of torn here...

[12:51] {RonS} rip torn?

[12:51] {Threei} one one hand, it held very well while market pulled back

[12:52] {Threei} on another, it's not a very active time...

[12:52] {dino} i believe next week hank reardon must appear before the senate;)

[12:52] {Threei} let's trail stop to under .15

[12:52] {Threei} and see what happens next

[12:53] {RonS} "I need to find a one armed economist so they can't say, on the other hand." Harry Truman

[12:53] {Threei} not sure about hank, but GS guys will, fino, lol

[12:55] {dino} my point

[12:55] {Threei} didn't think you liken them to him :)

[12:56] {dino} it works, going after the successful

[12:56] {Threei} see how ACAS lost will to live?

[12:57] {Threei} whole thing is disgusting spectacle

[12:58] {Threei} it's almost like whole crisis was caused by banks

[12:58] {Threei} no role for the governemnt enabling bad loans via FRE/FNM/AIG and social priorities,

[12:58] {Threei} no citizenry merrily borrowing without means of repaying,

[12:59] {Threei} and then only banks faciliating it all

[12:59] {Threei} takes three to tango, you know

[12:59] {RonS} bailed at .29 thx 3i

[12:59] {Threei} welcome sir

[12:59] {shorty} ty

[12:59] {dino} that was the beginning, fnm, fre easing of standards

[13:00] {Threei} in the beginning was CRA

[13:00] {Threei} then came FNM

[13:00] {Threei} the rest is well known

[13:00] {Threei} but revisionists are alive and well

[13:00] {dino} barney frank "they (fnm) will do whatever i want"

[13:00] {Threei} yup

[13:01] {Threei} because banks are the easiest thunderbolt for populist anger

[13:01] {dino} the victors write history...

[13:01] {Threei} public will feel better finding enemy and forgetting how it, public, participated in the crime by borroiwjng beyong means

[13:02] {Threei} politicians will happily route anger in that direction

[13:02] {Threei} and for detached observer it's three criminals,

[13:02] {Threei} two of which now take third to the court

[13:02] {Threei} well, actually they are the court

[13:02] {Threei} and firing squad

[13:03] {Threei} FCX Hearing being defended by Barclays (timing uncertain)

[13:03] {Threei} - Barclays has an Overweight rating and $120 price target on FCX

[13:05] {dino} "until and unless you discover that money is the root of all good, you ask for your own destruction. when money ceases to become the means by which men deal with one another, then men become tools of bother men. blood, whips and guns--or dollars. take your choice--there is no other. ayn rand, atlas shrugged

[13:05] {Threei} Fransisco's speech?

[13:06] {dino} or galt, one or the other

[13:06] {Threei} yeah, Francisco d'Anconia

[13:07] {Threei} http://www.capitalismmagazine.com/economics/money/1826-Franciscos-Money-Speech.html

[13:07] {dino} ahh yes

[13:11] {shorty} Good article.

[13:12] {Threei} HBAN CEO: to timetable yet for repaying its TARP funds - CNBC interview

[13:12] {Threei} - notes HBAN took $1.4B in TARP funds (6.66, +0.83, 14.24%)

[13:13] {RonS} Pope promises "action" on sexual abuse crisis

[13:13] {RonS} ...isn't that the problem?

[13:13] {Threei} MCO Reportedly subpoened by the FCIC (Federal crisis inquiry commission)

[13:13] {Threei} Moodys Corporation Reportedly subpoened by the FCIC (Federal crisis inquiry commission)

[13:13] {Threei} - Subpoena comes after Moody's is alleged to have not complied with initial request in a timely manner

[13:13] {Threei} ***Note that the Financial Crisis Inquiry Commission is a five-member body appointed by Congress to "to examine the causes, domestic and global, of the current financial and economic crisis in the United States."

[13:13] {Threei} may we know the names of the bodies

[13:14] {Threei} as old classic russian play asks, "and who are the judges?"

[13:17] {Threei} well... chairman:

[13:17] {Threei} From 1999 to 2007, he served as California's State Treasurer

[13:17] {Threei} good job managing state finances I say

[13:18] {Threei} He put the weight of the state's pension funds behind investment in clean energy and the fight against global warming

[13:18] {Threei} enough for me, done researching this one

[13:20] {Threei} US) SEC's Shapiro: Financial regulatory bill makes regulatory oversight more complicated and cuts investor protections

[13:21] {RonS} ...curious run in the iyr

[13:23] {ese} .

[13:23] {ese} always have been ...just watchin

[13:27] {Threei} GR) Greece Fin Min: Will make decision on whether or not to trigger the aid mechanism soon

[13:27] {Threei} just how long this agony will continue

[13:28] {Threei} ask for aid, don't ask fo aid, but o something already

[13:28] {Threei} this is like that old joke from Soviet time, dialog in overcrowded bus

[13:29] {Threei} lady to a man: hey, you are lying on me for the last 10 minuites, enough already!

[13:29] {Threei} he: but I am not doing anything!

[13:29] {Threei} she: well, do something finally, next stop is mine!

[13:30] {Threei} nah... you spoilt brats don't know what overcrowded bus is... sigh

[13:31] {ese} L gild .63

[13:31] {dino} lol

[13:31] {ese} vads joke or my entry

[13:32] {Threei} lol

[13:38] {dino} algt gap fill

[13:39] {ese} out gild.77 +.14

[13:39] {Les} what's your read algt dino?

[13:40] {dino} feels like db coming from yesterdays low, then up

[13:40] {dino} so around 50.20 i will most likely take some long

[13:41] {Les} k ty

[13:41] {dino} and then i will go grab a soda or beer, not as sure on that

[13:42] {Les} what you some kind of girlie man?

[13:42] {Les} what with Mags' pub in area

[13:42] {Les} BEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEER

[13:42] {RonS} whap, Les asks for it...

[13:43] {dino} :O

[13:43] {Les} enjoying a red Cote du Rhone villages myself

[13:43] {dino} les "the tippin'" trader

[13:45] {Les} along with 68 degrees. startin to warm up

[13:47] {dino} vmw

[13:48] {dino} real gutsy call by credit suisse vmw to 45

[13:54] {ese} in and out gild .80 .89 +.09

[13:54] {ese} went too fast to post

[13:56] {dino} gild to .96

[13:56] {ese} gotta get use to your out 1/2 type of trade vad......it's cost me alot of money

[13:56] {ese} like dino

[13:56] {dino} out +.46 took hours

[13:59] {RonS} ...wow, i hope that solvang babe makes it in...

[14:00] {Les} ?

[14:00] {dino} lol

[14:00] {RonS} solvang is a danish town in santa barbara county, ca

[14:00] {Les} cool

[14:01] {Les} out +.28 vmw ty dino

[14:01] {dino} gj

[14:02] {RonS} fitb reports a.m. Options are mildly bullish Does anyone think we can muster a run into the close?

[14:04] {Threei} Ron... just read the chart

[14:04] {Threei} all that guessing, you know...

[14:05] {RonS} true, just asking my Shorty q for the day...:)

[14:06] {Les} Ahhh Ron you fast learner

[14:06] {Les} me no longer bottom of pecking order ;)

[14:07] {Threei} it's just nemo's day off les {G}

[14:10] {ese} I'm liken the look of the doble botom 15min cht STLD

[14:13] {ese} L stld.sm .55 gonna try this pullback 1min chrt

[14:19] {Les} vmw 61 short?

[14:20] {Les} aaah no

[14:22] {shorty} I don't know what to say...:(

[14:23] {Threei} neither do I... you about what?

[14:23] {Threei} 'cause my list will be very very extensive

[14:23] {shorty} The pecking order.

[14:24] {Threei} there are too many things I don't know what to say about...

[14:24] {ese} i'm out stld .55 +/-.00 out the commish.......was driving me crazy

[14:24] {Les} hehehe

[14:24] {Threei} oh, iy's just les's fantasy, shorty :)

[14:24] {shorty} lol

[14:25] {Threei} russian saying goes, pike's in the water so crucian doesn't nap

[14:26] {Threei} so, nemo's in the room so les doesn't feel too comfy {G}

[14:26] {Threei} and nemo is not in today

[14:27] {Les} crucian is... small, insignificant fish?

[14:27] {Threei} not in a sense of that saying

[14:27] {Threei} just predator/prey kind of relation

[14:28] {Threei} where pike is known for being a very agressive predator

[14:28] {Threei} and you have toa dmit, nemo is nothing is not agressive

[14:28] {Threei} is = if

[14:29] {Threei} even so the fish he is named after is a cutie, lol

[14:29] {shorty} lol

[14:29] {Threei} so = though

[14:29] {Threei} sigh

[14:31] {RonS} .spx lod

[14:32] {RonS} gs melting

[14:35] {RonS} gs

[14:40] {RonS} Altera Corporation (ALTR) rated Buy with price target $34 by UBSPosted on: Wednesday, Apr 21, 2010 2:25 PM ET by UBS

[14:40] {RonS} jef hits 24.50 as predicted

[14:43] {ese} L fitb .90

[14:46] {ese} Out fitb .94 +.04 5k

[14:47] {Threei} GS

[14:47] {Threei} bounce ready it seems

[14:47] {ese} entry vad?

[14:48] {Threei} late ese

[14:48] {Threei} .50 break was

[14:48] {Threei} no way to alert this one in time

[14:48] {ese} missed it

[14:50] {dino} pjc

[14:52] {Threei} if went for second chance entry GS, half out here

[14:53] {Threei} or just grab your profit and be happy

[14:53] {Threei} and magoo... don't tell me I don't accomodate your insatiable appetite for excessive risk

[14:54] {magoo} :)

[14:54] {Threei} I know you and jf whisper to each other behind the closed door how old and lazy I've become

[14:55] {dino} ctrp sm l .80

06[14:55] * Threei slaps jfjf64 around a bit with a large roll of cash

06[14:55] * Threei slaps magoo around a bit with a large roll of cash

[14:56] {jfjf64} lol

[14:56] {Threei} who partialed, look for next exit around 158.30

[14:56] {Threei} and last around .60-.70

[14:59] {Threei} second target hit

[15:02] {dino} back in ten

[15:05] {Threei} third and last target hit

[15:06] {Threei} +.1.10

[15:06] {magoo} very nice read boss

[15:06] {jfjf64} nice job vad

[15:06] {Threei} ty... I have my moments

[15:07] {shorty} nice one guys, I sat out for that one.

[15:09] {magoo} read on AIGay here vad??

[15:09] {Threei} move is coming

[15:10] {Threei} but I don't have confidence about direction

[15:10] {Threei} not enough to call it

[15:10] {Threei} shorty, don't regret sitting it out

[15:10] {Threei} trust me, it will take a long time before you can trade GS

[15:10] {shorty} ty

[15:10] {Threei} don't be a macho about it

[15:11] {Threei} it's simply a stock requiring a whole lot of experience

[15:11] {shorty} I was content with just watching.

[15:11] {Threei} cool

[15:11] {Threei} it's not a contest of who is gutsier

[15:12] {Threei} market is cemetery full of tombstones of dead breave lions

[15:12] {shorty} Reminds me of a quote from a soldier in WWII

[15:12] {Threei} old bold pilots?

[15:13] {shorty} No, he was watching the officers in action, and noticed they were always in the middle of the pact, never out front (bold) or never in the back.

[15:14] {Threei} my fave is,

[15:14] {Threei} There are old pilots. There are bold pilots. There are no old bold pilots

[15:14] {shorty} lol

[15:15] {Threei} I've seen a lot of brave souls who thought they can trade on bravery alone

[15:15] {Threei} none of them is still around

[15:16] {shorty} A really good friend of mine, his grandfather was a pilot in WWII. He never talked about it, but taped all his memories on cassette when he was alone. They found them after he passed away.

[15:16] {dino} xrtx strong

[15:17] {shorty} Bravery took me to this chat room Threei. I knew I would get killed if I tried it alone. I only have a set amount of funds to play with.

[15:17] {Threei} you and about 99.99999% of the rest of trading populace

[15:18] {Threei} those who have unlimited funds don't really trade, you know...

[15:18] {Les} I'm just here for the idle banter

[15:18] {Threei} they cruise oceans in their 140 ft yachts

[15:18] {Threei} true... that was in Les's sign-up e-mail

[15:19] {Les} "Our chat room needs a new class clown"

[15:19] {Threei} "I'll sign up for a while but I'll stay only if you provide no less than 2 hours of idle banter per day"

[15:19] {shorty} I would love to have a fishing boat on the BC coast. Go fish early in the morning. Peace and quit.

[15:19] {RonS} ...there may be no old, bold pilots; but there are an olds, bold pilot:http://en.wikipedia.org/wiki/Robin_Olds

[15:20] {shorty} lol Les

[15:20] {dino} xrtx to .98

[15:21] {shorty} West Point, I wanted to go there when I was a kid.

[15:22] {dino} out xrtx +.48

[15:22] {Les} aig

[15:23] {Les} pullback here for long?

[15:30] {Les} l aig .75

[15:30] {Threei} probably, yes

[15:31] {RonS} ...3i smacks Les around with a bout of silence

[15:31] {RonS} :D

[15:31] {Threei} I was thinking

[15:31] {Les} sorry

[15:31] {Threei} well... trying to

[15:32] {dino} algt sm l .00

[15:32] {ese} in and out nvda .55 .61 +.06 10k what a pain in the a..

today was........no such thing a easy money these days

[15:33] {Threei} come on

[15:33] {Threei} morning was the easiest in weeks

[15:33] {Threei} every trade worked like doctor's recipe for alcoholism

[15:33] {shorty} Was for me, thanks Threei.

[15:34] {ese} don't know what it is with me these days....been struggling since i got back from Italy

[15:34] {ese} thats funny vad

[15:34] {Threei} must be Italy's fault...

[15:35] {Threei} it spoils a man

[15:35] {ese} definitely

[15:35] {Threei} jf said the same when returned

[15:35] {RonS} nice dino

[15:36] {Threei} dcced me and said "threei... I am so spoilt"...

[15:36] {Les} and how. I'm going back for more in July. yum yum

[15:37] {ese} same bat time same bat channel tomorrow......cya

[15:37] {Les} ciao

[15:37] {shorty} Bye ese

[15:37] {Threei} take care ese

[15:37] {Les} out aig +.13 no spunk

[15:39] {RonS} ah: ebay, sbux, amgn, qcom

[15:40] {shorty} I am going to call it a day. A demain. Thanks Threei,

[15:40] {Threei} sure

[15:40] {Threei} seeyou tomorrow

[15:41] {dino} mhi

[15:42] {dino} cya short

[15:43] {jfjf64} good night all

[15:44] {Les} cya jf

[15:45] {Threei} take care jf

[15:46] {Les} aig

[15:46] {Threei} once again we snatch green from the jaws of red

[15:46] {Threei} well, providing we don't sell in the next 15 min :)

[15:47] {Threei} but resilience of this market is nothing short of absolutely remarkable

[15:51] {dptl} good evening all

[15:51] {Threei} dp :)

[15:51] {Threei} wait!!

06[15:51] * Threei slaps dptl around a bit with a large box of Russian Standard

[15:52] {Threei} go

[15:52] {dptl} oo..... :)

[15:54] {Threei} US) Senate Democratic Aide: Senate Democrats are planning proceedural vote on financial reform bill on 4/22, final vote on 4/26

[15:57] {dino} out ctrp .05, =.25

[15:58] {dino} = = +

[15:59] {dino} out algt +.01

[16:00] {Threei} okay guys, thank you all

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

[16:00] {Threei} see you tomorrow

[16:00] {Les} ciao

[16:00] {Threei} QCOM Reports Q2 $0.59 v $0.57e, R$2.7B v $2.6Be

[16:02] {dino} dropping

[16:03] {Threei} Guides Q3 EPS $0.51-0.55 v $0.55e, R$2.5-2.7B v $2.7Be

[16:03] {dino} +cmg

[16:05] {dino} nflx

[16:06] {Threei} NFLX Reports Q1 $0.59 v $0.54e, R$494M v $493Me