May 06 2010

The day started well with a few wins, ITMN for 55 cents being the biggest, WFC, JDSU and MGM scalps, couple small stops... then my ISP started some upgrade in the area with no warning, and I missed whole show:

[12:59] * Disconnected

[20:31] * Rejoined

Ugh.

Session Time: Thu May 06 00:00:00 2010

[06:13] {KSystems} morning

[07:57] {_york1} gm

[08:00] {magoo} morn

[08:10] {Threei} ***Moody's assessed sovereign risk in European banking sectors and noted that contagion could spread to Spain, Italy and UK banks

[08:11] {Threei} US) Preview: Initial Jobless Claims due at 08:30ET (12:30 GMT)

[08:11] {Threei} - Expectations for initial claims are 440Ke v prior week at 448K

[08:29] {Threei} EU) Reminder: ECB press conference to begin after 8:30am ET

[08:30] {Threei} US) Q1 PRELIMINARY NONFARM PRODUCTIVITY: 3.6% V 2.6%E

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 444K V 440KE;

[08:31] {Threei} CONTINUING CLAIMS: 4.59M V 4.610ME

[08:31] {Threei} - Prior Initial Claims revised higher from 448K to 451K

[08:31] {Threei} - Prior Continuing Claims lower revised from 4.645M to 4.563M

[08:31] {Threei} MGM Resorts International Reports Q1 -$0.22 v -$0.27e, R$1.46B v $1.4Be

[08:31] {dptl} good morning

[08:32] {Threei} dp :)

[08:32] {nemo} haroo

[08:33] {Threei} nemo :)

[08:39] {Threei} ITMN

[08:40] {Threei} EU) German Chancellor Merkel: Reiterates view that euro is in very serious situation; determined to win battle versus market

[08:40] {Threei} - Must assist Greece inorder to stabilise the euro currency

[08:42] {Threei} mags, you here?

[08:43] {magoo} no

[08:43] {Threei} okay then

[08:43] {Threei} GR) Greece PM Papandreou: Will not allow speculation of bankruptcy; must approve aid or go to bankruptcy

[08:43] {magoo} ,60 was high print

[08:43] {magoo} yeserday

[08:43] {Threei} yes but

[08:43] {Threei} important level is .50

[08:44] {Threei} .60 is secondary

[08:44] {Threei} it was set on morning spike

[08:44] {magoo} agree'

[08:44] {Threei} .50 however was serious resisatnce formed during normal trading

[08:44] {magoo} it was bought on increasing volume yester too

[08:45] {Threei} risky as hell

[08:45] {Threei} but then again, you know that

[08:45] {magoo} id like to buy a dip with 3000 shares and catch a point

[08:45] {Threei} well, dip to under .10 already opccured

[08:46] {magoo} 'yea..mkt looks uncertain tho

[08:46] {Threei} no wonder, with Europe falling apart

[08:54] {fernp} good morning everybody

[08:54] {Threei} fern :)

[08:56] {Threei} lol:

[08:56] {Threei} (PD) Polish PM Tusk: Euro adoption calendar is "not a priority" at this time

[08:56] {Threei} I'll say

[09:05] {Les} what does mags want to catch a point on?

[09:05] {Les} sounds dangerous :)

[09:05] {Threei} lol... like everything about magoo

[09:05] {Les} afternoon all

[09:10] {dino} gm all

[09:11] {dino} sort of funny how everybody was talking about ditching the us $ as reserve currency few months ago

[09:15] {shorty} good morning

[09:15] {fernp} morning

[09:16] {Threei} dino, shorty, fern :)

[09:22] {RonS} gm to everyone :)

[09:24] {lasertrev} good morning

06[09:24] * magoo slaps lasertrev around a bit with a large trout

[09:24] {lasertrev} ty magoo

[09:24] {ese} gm

[09:24] {larisa} gm :)

[09:25] {Threei} ron, trev, larisa :)

[09:25] {Threei} ese :)

[09:26] {RonS} aezs kerx adct

[09:26] {Threei} mags... got this pullback, no?

[09:26] {magoo} i did and out this sec .50

[09:26] {Threei} wtg

[09:26] {magoo} afraid of the bell

[09:27] {magoo} a player today vad, prob over 12\

[09:27] {magoo} like an opening DIP

[09:27] {Threei} yup

[09:27] {jfjf64} mornin

[09:27] {Threei} jf :)

[09:28] {_york1} Hi all

[09:28] {Threei} york :)

[09:29] {_york1} what can I do against disconnections?

[09:29] {Threei} that's not our server... it runs smoothly

[09:29] {_york1} I get kicked out once an hour

[09:29] {jfjf64} very smoothly

[09:30] {_york1} strange

[09:31] {Threei} here comes ITMN pullback

[09:33] {jfjf64} vxx.15 break

[09:33] {Threei} .50 break if possible to catch

[09:34] {Les} I bid for .35, but IB doesn't respond. So nice pullback call in theory ty

[09:34] {nemo} what, itmn?

[09:34] {magoo} took cross .50

[09:34] {Threei} scary as hell

[09:34] {magoo} 12

[09:35] {magoo} lvs

[09:36] {jfjf64} wow

[09:36] {nemo} mgm too, earnings today

[09:36] {Threei} already reported

[09:36] {Threei} half out mags

[09:36] {nemo} yep

[09:37] {dino} ups sm l .01

[09:37] {Threei} LVS pullback is coming

[09:38] {Threei} should become interesting around .40 - .50

[09:38] {Threei} 1/4 more out ITMN

[09:38] {magoo} out .93 TY vad

[09:38] {magoo} 2k

[09:38] {Threei} and the rest into spike over 12

[09:39] {magoo} ive got 3 points AAPl, freakin 1 share lol

[09:39] {Threei} rofl

[09:40] {dino} elx l .01

[09:40] {jfjf64} pcs

[09:40] {jfjf64} .48

[09:40] {Threei} out last piece ITMN

[09:41] {Threei} +.55

[09:41] {dino} fire .00 l

[09:41] {dino} thin

[09:41] {magoo} 02 final k

[09:41] {Threei} let's see if we can catch LVS

[09:41] {Threei} should do one more sharp dive

[09:43] {magoo} like to see 23.30

[09:44] {magoo} took 12 ITMN

[09:44] {jfjf64} pcs 1/1

[09:45] {Threei} wtg jf

[09:45] {ese} well well well....will this hold.....screens are green

[09:45] {jfjf64} go baby

[09:46] {jfjf64} luv that vol

[09:47] {Threei} watching LVS closer

[09:47] {Threei} closer

[09:47] {Threei} ok, dive under .30 and recross

[09:48] {nemo} in

[09:48] {magoo} in

[09:48] {nemo} stop .20

[09:48] {Threei} if scalping stop under .25

[09:48] {Threei} and multiple tries

[09:48] {Threei} if daytrading .20

[09:48] {magoo} .19 here

[09:48] {Threei} ITMN next step

[09:48] {Threei} no go LVS

[09:49] {nemo} got out .19

[09:49] {Les} out .24 new entry .06 our .15

[09:49] {dino} stopped fire -.11

[09:49] {Les} out .15

[09:49] {Threei} right way to do it Les

[09:49] {Threei} liquid, easy in and out

[09:50] {Les} yeh with 1k. getting a little more confident of bounce plays

[09:50] {magoo} try for .46 ITMN

[09:50] {magoo} out

[09:50] {Threei} nice

[09:51] {Threei} beautiful momo play

[09:51] {magoo} [09:45] {magoo} took 12 ITMN

[09:51] {jfjf64} nice

[09:51] {Threei} see if we get double bottom LVS on dive to 23

[09:52] {Threei} ideally, bottoms just under .10,

[09:52] {nemo} itmn

[09:52] {Threei} and recrosses for a play with stop under 23

[09:52] {magoo} knew id regrett ITMN

[09:53] {Threei} that's more than I could read, ITMN

[09:53] {Threei} it crosses into parallel universe where anything's possible, and no gravity

[09:53] {dino} fire rinsed

[09:54] {dino} out ups flat

[09:54] {nemo} big bid .11 lvs

[09:54] {magoo} back in

[09:54] {shorty} I took stop loss earlier with UPS dino.

[09:54] {nemo} lvs or itmn mags

[09:54] {dino} bummer

[09:55] {magoo} look for .87

[09:55] {magoo} out

[09:56] {magoo} +.47

[09:56] {Threei} like fiddle

[09:56] {dino} markets confused, up/down?

[09:56] {Threei} OK LVS

[09:56] {Threei} recross hunt is on

[09:57] {Threei} lol, set up as I typed it

[09:57] {Threei} don't chase

[09:58] {Threei} ITMN Strength attributed to vague chatter it could submit new data to FDA in the near term (13.62, +2.24, 19.68%)

[09:58] {magoo} yea right

[09:58] {Threei} no frikin way

[09:58] {Threei} who caught .95 cross on LVS, half out here

[09:58] {magoo} i caught 23

[09:59] {Threei} half out too

[09:59] {Threei} lol

[09:59] {magoo} whats u news source

[09:59] {Threei} and offer it around .25

[09:59] {magoo} vad

[09:59] {Threei} - speculation that ITMN could present FDA with data from Japanese trials

[09:59] {Threei} out in full LVS

[09:59] {Threei} .22

[10:00] {magoo} vad, whats your news source??

[10:00] {Threei} tradethenews mags, same as always

[10:00] {dino} giddy-up

[10:00] {Threei} go to homepage, see icon near the bottom

[10:00] {Threei} take trial

[10:01] {Threei} using that icon nets you 10% discount if you decide to sign up

[10:01] {Threei} COIN Reports April sales at $658K (new record for the month) (1.25, +0.10, 8.70%)

[10:02] {magoo} looking for 40 area lvs

[10:02] {magoo} .40

[10:02] {magoo} sold my 1 share aapl + 3.27

[10:03] {magoo} literally

[10:03] {dino} mfe l .02

[10:03] {Threei} now... don't spend it all at once

[10:03] {dino} fire last try l .00

[10:03] {Threei} fern did it once with 3 or 5 shares of something, and caused widespread inflation in Europe

[10:04] {fernp} lol

[10:04] {Threei} watching WFC for pullback, holding above .55-.60 and break of .70

[10:06] {Threei} RIG Exec: Reiterates do not know cause of explosion at the Deepwater Horizon rig - conf call

[10:06] {magoo} out lvs +.20

[10:06] {magoo} tired of it

[10:07] {Threei} as if .20 is bad profit

[10:08] {magoo} sux

[10:08] {Threei} remember, we are not the beetle on the ant hill, we are ants

[10:08] {magoo} only had 1500 shg

[10:08] {Threei} cry me a river

[10:09] {magoo} pass thetissues

[10:09] {Threei} hehe

[10:09] {ese} jdsu...not quite dn 2 bills dino but bears looking at......good

[10:09] {Threei} OK, getting interested in WFC bounce

[10:09] {ese} good q and strong buy rating

[10:10] {dino} thx

[10:10] {Threei} JDSU a little light on revenues but that's all

[10:10] {Threei} everything else looked good

[10:11] {ese} indeed

[10:11] {dino} games

[10:11] {Threei} maybe something in conference call that sounded not confident enough

[10:11] {ese} ya

[10:11] {magoo} none of it matters...trade what u see

[10:12] {Threei} wow... really?

[10:12] {magoo} i never care about the specifics

[10:12] {dino} db in making

[10:12] {Threei} who let this smart a$$ in?? :)

[10:12] {magoo} i was wacking ITMN way before vad found news

[10:12] {Threei} actually news put the end to its run

[10:12] {magoo} yea

[10:12] {ese} agreed mags......but sometimes have to go along with the suckers for the ride

[10:12] {dino} is his head getting bigger?

[10:13] {Threei} by the minute dino

[10:13] {magoo} my first long was 10.20 area

[10:13] {magoo} dino likes to no "why"

[10:13] {magoo} i could care less

[10:13] {dino} my hero

[10:13] {larisa} lol

[10:13] {Threei} Long Setup: WFC .40 break

[10:14] {Threei} if holding .35

[10:14] {Threei} etc

[10:16] {Threei} .36 in

[10:16] {magoo} in .38

[10:16] {Threei} .28 stop

[10:16] {nemo} in .35

[10:18] {Threei} 1:1

[10:18] {nemo} 1/2 out .40

[10:18] {dino} l jdsu .60

[10:19] {dino} stop is .48

[10:20] {nemo} out last wfc .42

[10:20] {magoo} waiting .54

[10:20] {magoo} but may bai;l

[10:21] {dino} stopped

[10:22] {dino} mfe stopped

[10:22] {dino} -.22

[10:22] {shorty} got to go for the day, cya guys tomorrow.

[10:22] {magoo} WWWAAAAAAAAIT

[10:22] {dino} cya

06[10:22] * magoo slaps shorty around a bit with a large trout

[10:22] {Threei} take care shorty

[10:22] {Les} ciao shorty

[10:23] {Threei} mags, he has a lot of snow to clear

[10:23] {Threei} give him shovel instead of trout

[10:24] {magoo} wheres he at?

[10:24] {jfjf64} tie

[10:24] {jfjf64} .97 break

[10:25] {ese} calm before the storm feels like.......some good news this morning but mrkt doesn't want to go anywhere

[10:25] {Les} I like wfc b/d .30?

[10:25] {Threei} yes

[10:26] {Threei} stop above .40

[10:26] {Threei} very much market dependent

[10:26] {Les} i like fas b/d too

[10:27] {Les} esi 104

[10:27] {Threei} Long Setup: JDSU .40 break

[10:27] {Threei} if holding .35

[10:28] {Threei} invalidated

[10:29] {Threei} 1:1 WFC

[10:29] {Les} 1:1 wfc

[10:29] {Threei} JDSU setup is back

[10:29] {Les} I am slowest gun in the west

[10:29] {Threei} two variations, for scaloper and day trader

[10:30] {dino} out elx .15, +.15

[10:31] {dino} watch 10814, 1936, 1158

[10:32] {Les} shorts are all over jdsu

[10:33] {Threei} squeeze should lurk somewhere close too

[10:33] {Threei} 1:1 for scalpers

[10:33] {jfjf64} tie

[10:33] {jfjf64} yeah baby

[10:34] {Threei} half out for day traders here

[10:35] {Threei} offer 1/4 more around .55-.58

[10:35] {ese} rats...missed your .40 break vad

[10:35] {Threei} aww ese

[10:35] {Threei} gave two chances for entry

[10:35] {ese} pullback ok

[10:36] {Threei} don't know, market drops sharply

[10:36] {Threei} BUNDS Spread on Greek/German 10-year bonds moves back above 800bps

[10:36] {Threei} PO) Portugal Fin Min Dos Santos: Not planning to sell assets at any price; but waiting for the right price

[10:36] {Threei} right price being, "give me something, anything"

[10:37] {Threei} very nice on TIE jf

[10:38] {dino} ? not planning to sell at any price, but waiting for right price?

[10:38] {Threei} well... he means "not selling just to dump" :)

[10:38] {Threei} language nuances :)

[10:38] {jfjf64} ty

[10:38] {dino} cvgi

[10:38] {magoo} nice jf

[10:39] {jfjf64} go my TIE

[10:39] {dino} lol

[10:39] {Threei} Dos Santos resolve will be tested very soon:

[10:39] {Threei} Portugal notes it will sell 300M to 1B of 10-year bonds on May 12

[10:39] {ese} i missed that at 11.50 dino......it's my lt in life today

[10:40] {ese} lot in life

[10:40] {fernp} CIEN double bottom, Vad?

[10:40] {fernp} .70 break?

[10:42] {Threei} not sure fern

[10:43] {Les} s esi .30

[10:44] {dino} fsys

[10:47] {dino} bwld

[10:53] {fernp} .

[10:53] {nemo} awiav?

[10:53] {Threei} not that I know

[10:53] {RonS} .

[10:53] {Threei} but watching ITMN and JDSU

[10:53] {Threei} not sure yet for what

[10:54] {Threei} WFC .20 break was good but I didn't trust it at the moment

[10:54] {Threei} maybe larisa saw that thing she calls divergence or something

[10:54] {Threei} but I didn't

[10:55] {larisa} what time break?

[10:55] {Les} fire big vol. sell

[10:56] {Threei} 10:32 - .33

[10:57] {larisa} no divergence, but broke downtrend exactly there, pullback to .20 at 10:37 was buyable

[10:57] {Threei} downtrend line break I saw

[10:57] {magoo} RIG is getting interesting

[11:02] {jfjf64} what ya watchin vad just got bk

[11:03] {Threei} JDSU

[11:03] {Threei} ITMN

[11:03] {Threei} JDSU starts looking like bottom is found

[11:04] {RonS} fsys sm l 27.90

[11:04] {Threei} needs market help

[11:04] {Threei} but other than that, it's willing

[11:05] {Threei} let's see if .20 is holdiong

[11:05] {Threei} nope, market drop pulled the rug

[11:05] {jfjf64} no feel for these plays guess it will cm in time

[11:06] {Threei} .15 - .20 play

[11:06] {Les} out esi +.35

[11:06] {Threei} and further down, every new 5 cents range

[11:06] {Threei} usual hunt for recross routine

[11:07] {dino} ctrp sm l .08

[11:09] {Les} out +.45 oops

[11:09] {Threei} should be good for more than scalp if only market breaks downtrend line and recovers a bit

[11:10] {Threei} see how it starts acting more willingly to the upside than downside?

[11:11] {dino} gjles

[11:11] {Threei} come on market

[11:11] {Threei} little hand

[11:11] {magoo} which vad?

[11:11] {Threei} which hand? doesn't matter

[11:12] {magoo} 88 red dow

[11:12] {magoo} would be neat to take 100 bidu near bottom and catch 12 points

[11:13] {RonS} out fsys .26 +.36

[11:13] {magoo} still dumpimg mkts

[11:13] {Threei} ugh

[11:13] {Threei} too much pressure by market

[11:13] {magoo} breathe vad-relax

[11:13] {RonS} txs dino...for the pulp and the inspiration

[11:13] {Threei} huh?

[11:14] {magoo} no pressure :)

[11:14] {Threei} MGM Resorts International CEO: Las Vegas is 'healing', is now through the worst the storm - conf call comments

[11:14] {Threei} - Consumer spending remains challenging, but there are signs that visitors are spending more in higher restaurant check averages and other items.

[11:14] {Threei} - Convention business is showing signs of recovery as well.

[11:14] {Threei} I mean pressure on JDSU, lol

[11:18] {Threei} next 5 cents range in play

[11:19] {magoo} l F .07

[11:19] {Threei} .05 - .10

[11:19] {nemo} .10 break

[11:21] {dino} bwld sm l .02

[11:21] {magoo} looking F for .17 area, big shares

[11:21] {magoo} stop .03

[11:23] {nemo} market helping jdsu not budging

[11:24] {Threei} yeah, I'd expect more enthusiasm

[11:24] {magoo} if u dont like our prices...bring your wife over and we'll dicker

[11:24] {Threei} (GR) Fitch lowers 3 banks' mortgage covered bond programs in Greece; on review for possible additional downgrade

[11:24] {nemo} :(

[11:25] {Threei} not holding

[11:25] {Threei} maybe just a rinse but

[11:26] {dino} fire l .15

[11:26] {magoo} out F .17 + dime BIG

[11:26] {magoo} ty vad

[11:26] {Threei} wtg

[11:26] {nemo} f

[11:27] {magoo} i took HL aaplat low..looking for points

[11:28] {magoo} anyone try F with me?

[11:28] {Threei} no, you are not to be f with

[11:28] {magoo} that was easy one...out of vads playbook

[11:31] {magoo} out aapl

[11:31] {magoo} look to reload if pllsbk

[11:33] {Les} mags trading: http://www.youtube.com/watch?v=zAlNrtcPCLw

[11:34] {Les} freestockcharts is down

[11:35] {nemo} it says "ese"

[11:35] {Les} you're insane, ignore part about having no brain mags...

[11:36] {RonS} ...nice les...but that scream reminded me of shorty

[11:36] {Les} lol nasty

[11:39] {Threei} Long Setup: ITMN .55 break

[11:39] {Threei} if stays above .45

[11:39] {nemo} gld cranking

[11:45] {Threei} ECB's Trichet: Need to put an end to speculation, such as naked CDS

[11:45] {Threei} yeah

[11:45] {Threei} damn speculators

[11:46] {Threei} ruin everything

[11:46] {Threei} One way to counter speculation would be higher captial limits for banks.

[11:46] {Threei} psst Trichet... why tinker, let's just close banks

[11:47] {Threei} everyone knows they are evil anyway

[11:48] {dino} they never admit its over spending by govt

[11:48] {Threei} they are blameless

[11:48] {Threei} it's speculators

[11:49] {Threei} 'cause they work for the good of the people, ya know... while speculators care about their own pockets only

[11:49] {Threei} sense the whiff of moral superiority?

[11:49] {Threei} ITMN invalidated

[11:49] {Les} my extended Australian family's eyes glaze over when I talk of overspending by present government

[11:50] {Les} resource sector pays australia's way and that's enough for them

[11:50] {Threei} I barely stand close family, let alone extended

[11:50] {RonS} euro lod

[11:50] {Les} I'm sorta like Kaimu

[11:51] {Les} telling them to get their finances in order

[11:51] {Les} or showing them that they need to

[11:51] {RonS} les...only not as pendantic...

[11:51] {Les} yeh yeh

[11:52] {Les} pedantic maybe

[11:52] {Les} australia's wealth tied in housing... household debt higher than america

[11:54] {Threei} why would you want your family to pay down their debt then

[11:54] {Threei} experiwence shows it's responsible ones who lose at the end

[11:54] {Les} '

[11:54] {Threei} *GREEK AUSTERITY BILL WINS PASSAGE (related EUR/USD EUR/USD EUR/JPY BUNDS SOVRX )

[11:54] {dino} lol

[11:55] {Les} yeh but more than a few of em will be steamrolled before that occurs

[11:55] {Threei} - the vote is ongoing but it has received enough votes for passage

[11:56] {Threei} ugh ITMN

[11:56] {Les} austerity bill.... double think. Welles would be proud

[11:56] {nemo} resistance zone there though Vad

[11:57] {Threei} I don't suggest buying here

[11:57] {Threei} just should have restrucrured setup, for .45 break let's say

[11:59] {Les} l jdsu .13

[12:02] {Threei} (GR) Greece PM reportedly removes three Deputies after they opt against support of Austerity bill

[12:02] {RonS} dino still in ctrp?

[12:02] {Threei} removes, as in takes them outside and puts against the wall?..

[12:03] {dino} y

[12:04] {RonS} target?

[12:07] {RonS} ...poor york...perhaps he should call himself yorick...

[12:07] {dptl} mgm?

[12:09] {dino} 36

[12:09] {dino} distraction day

[12:12] {Threei} worth a try I think, dp

[12:12] {dptl} 14 break ?

[12:12] {Threei} yeah

[12:12] {dptl} ty

[12:14] {Threei} out JDSU yet, Les?

[12:15] {Les} nope

[12:15] {Threei} 1:1 MGM

[12:15] {Threei} nice and easy

[12:16] {Threei} chart readabiliy wise the easiest play today

[12:16] {Threei} uh oh... internet's acting up again

Session Close: Thu May 06 12:16:43 2010

Session Start: Thu May 06 12:16:43 2010

Session Ident: #discussions

02[12:16] * Disconnected

02[12:22] * Attempting to rejoin channel #discussions

03[12:22] * Rejoined channel #discussions

[12:22] {RonS} wtg dino

[12:23] {dino} ty

[12:24] {Threei} did these lines go through:

[12:24] {Threei} 12:15] {Threei} 1:1 MGM

[12:24] {Threei} [12:15] {Threei} nice and easy

[12:24] {Threei} [12:16] {Threei} chart readabiliy wise the easiest play today

[12:24] {Threei} [12:16] {Threei} uh oh... internet's acting up again

[12:24] {Les} you got half

[12:24] {nemo} "nice and easy

[12:24] {nemo} was the last

[12:24] {Threei} sigh

[12:25] {Threei} they need to find that guy that continues digging around the cable

[12:32] {Les} whatdoya think of ctrp here vad? read a b/o?

[12:33] {dino} fsys sm l .77

[12:34] {fernp} PNK .80 breakdown?

[12:37] {magoo} in anything vad? someone came in office

[12:38] {fernp} in PNK .79

[12:39] {fernp} i think i am bored

[12:39] {magoo} aapl low rig low

[12:40] {Les} so dino, here I am long fsys .78

[12:40] {Les} I've started with .50 stop to give it some leeway

[12:41] {Threei} sorry guys, I am restoring quotes after disconnection

[12:41] {Les} where is your stop?

[12:43] {RonS} sm l fsys .70

[12:43] {Les} although market is going against the trade

[12:43] {dino} .49 stop

[12:44] {Les} cool

[12:47] {dino} mkt not helping

[12:48] {dino} stopped

[12:48] {dino} stopping ctrp too

[12:50] {_york1} msg NickServ IDENTIFY password

[12:50] {_york1} dont stay connected

Session Close: Thu May 06 12:59:41 2010

Session Start: Thu May 06 12:59:41 2010

Session Ident: #discussions

02[12:59] * Disconnected

02[20:31] * Attempting to rejoin channel #discussions

03[20:31] * Rejoined channel #discussions

May 05 2010

One of "why did I bother to wake up" days. Started with nice juicy win on WFC, continued with 3 stops in row, and on top of that my Internet started acting flaky - 2 or 3 disconnections, then total loss of the link to outer world. Room found a few good plays while I was cut off.

Session Time: Wed May 05 00:00:00 2010

[02:25] {KSystems} Morning

[08:02] {magoo} kehfe,fhefjhffhhae

[08:15] {strider} wtf is going on with mIRC this morning?

[08:17] {Threei} that's nothing strider... look what happens with Portugal

[08:17] {Threei} Moody's puts Portugal on review for possible downgrade

[08:17] {Threei} or look at ITMN

[08:17] {Threei} and yo think you have problems?

[08:18] {strider} I am humbled.

[08:18] {Threei} as we all well shuld be...

[08:18] {Threei} but this particular server fluke was KS's fault {G}

06[08:20] * KSystems looks the other way

06[08:20] * strider slaps KSystems around a bit with a large map of Portugal.

[08:20] {Threei} see how dangerous it is to look other way? maybe you had a chance to duck

06[08:21] * KSystems whistles

[08:21] {KSystems} i'm still trying to evade

[08:22] {Threei} just wait till magoo returns and finds out why he was kciked

[08:22] {Threei} you will envy ITMN

[08:23] {nemo} did fas do a split?

[08:23] {Threei} yes

[08:23] {Threei} Direxion shares Financial Bull 3X Previously announced reverse splits in FAS and FAZ to be effective July 8

[08:23] {Threei} - as announced on 6/26, FAS will do a 1 for 5 reverse split and FAZ will do a 1 for 10 reverse split.

[08:24] {Threei} wait

[08:24] {nemo} that

[08:24] {Threei} that 2009, lol

[08:24] {nemo} was last year

[08:24] {nemo} looks like fas did a 3:1

[08:24] {nemo} faz didn't do anything

[08:25] {Threei} what the

[08:25] {Threei} no split message anywhere

[08:25] {nemo} no...it's wtf

[08:27] {Threei} I don't know what gives, I don't see anything anywhere

[08:27] {Threei} and it's not our quotes fluke

[08:27] {Threei} US Coast Guard: valve leak stopped on top of well assembly; estimated rate of spillage unchanged

[08:30] {_york1} good morning all

[08:30] {Threei} york :)

[08:30] {Threei} BP is trying

[08:32] {Threei} HNSN Pre-Clinical Study Shows Hansen Medical's Robotic Catheter System Is More Efficient and May Be Safer for Vascular Procedures

[08:33] {Threei} hard pullback

[08:36] {Threei} European peripherals continue to widen follwoing Mood'ys comment on Portugual

[08:36] {Threei} - Portugual 5-year Credit Default Swap (CDS) over 400bpss

[08:36] {Threei} - The spread between Greek/German 10-year bonds above 700bps and 5-year Credit default Swap (CDS) at 850bps

[08:42] {Threei} BP Moodys revises outlook to negative

[08:43] {Threei} EU Junker: Says Euro region has shaky growth perspectives

[08:50] {magoo} morning, thanx vad for email response

[08:50] {Threei} hey mags

[08:50] {Threei} look how early we both sold ITMN yesterday

[08:51] {Threei} but heck... who would want to hold that overnight

[08:51] {magoo} yea, plus it dived to 8 afterhrs

[08:58] {Threei} lol, this is like parallel universe... anyone see anything about FAS split?

[09:03] {RonS} gm all...DIREXION SHS ETF TR announces 6 for 2 stock split 04/23 03:22 PM

[09:03] {dino} gm all

[09:03] {Threei} ron, dino :)

[09:03] {RonS} On April 23, 2010 the board of directors at DIREXION SHS ETF TR approved a 6 for 2 stock split. New shares will be granted on May 4, 2010 to shareholders of record on April 30, 2010. Beginning on May 5, 2010, the security's price will reflect the split adjusted price.

[09:03] {Threei} ty.. weird, doesn't show on my news feed anywhere

[09:04] {RonS} ...provided by CCBN/CapIQ

[09:05] {fernp} Good morning everybody

[09:05] {dino} itmn, has full approval in japan on this drug already, fwiw

[09:05] {Threei} fern :)

[09:05] {dino} mygn, grmn

[09:05] {Threei} and Europe is still ahead, dino

[09:07] {dptl} good morning

[09:07] {Threei} dp :)

[09:09] {Threei} 3 dead in Greece protests

[09:11] {RonS} AMMD 8.2 mil sh short, 11% float

[09:12] {magoo} ITMN..doesnt matter now, its DEAD

[09:13] {magoo} will test 8 today

[09:15] {Threei} larisa :)

[09:16] {Les} wow ITMN. dead is understatement mags

[09:16] {larisa} gm :)

[09:16] {Threei} we scalped it after hours yesterday Les

[09:16] {Threei} I and magoo

[09:16] {Threei} [16:35] {Threei} mama mia

[09:16] {Threei} [16:35] {Threei} in

[09:16] {Threei} [16:36] {Threei} out

[09:16] {Threei} [16:36] {magoo} nice vad

[09:16] {Threei} [16:36] {Threei} 8.82 - 9.25

[09:16] {Threei} [16:36] {Threei} too soon, but sheesh

[09:16] {Threei} [16:37] {magoo} in 9.45

[09:16] {Threei} [16:38] {Threei} good luck, I am going to change diapers

[09:16] {Threei} [16:38] {magoo} out .70

[09:17] {magoo} and laserdave

[09:17] {Threei} really?

[09:17] {Threei} (PO) Moody's: Sees a "very strong" likelyhood of a Portugal downgrade following three-month review

[09:17] {Threei} - Still need to assess whether Portugal will be able to put a "credible and meaningful" austerity plan in place

[09:17] {Les} right it came back online after hours did it?

[09:17] {magoo} yup

[09:18] {Threei} guys, I'll have to leave for 30-40 min in about half an hour after open

[09:18] {Threei} gotta drop wife unit to the airport

[09:18] {Les} whaaaaaaaaaaaaaat?

[09:21] {magoo} u gonna be a free man for few days vad?

[09:22] {Threei} a week

[09:22] {magoo} NICE...ill be coming over then

[09:22] {Threei} wait, I'll send you a list of what to bring

[09:24] {lasertrev} gm

[09:25] {Les} morning trev. dcc please

[09:25] {shorty} Good morning

[09:25] {Threei} trev, shorty :)

[09:29] {Threei} if BP forms setup early, ity's a half lot play

[09:29] {Threei} warning in advance to save time on typing

[09:29] {magoo} so 2k?

[09:30] {Threei} Long Setup: BP 51 break if holding above .85

[09:31] {Threei} invalidated

[09:31] {magoo} F vad, look

[09:32] {shorty} Unusual for Ford.

[09:33] {Threei} and no news

[09:34] {Threei} Long Setup: WFC .50 break

[09:35] {Threei} stop under .40 for scalper, .35 for day traders

[09:37] {Threei} no footing yet anywhere

[09:38] {dino} ctsh sm l .75

[09:38] {dino} elx l .60

[09:39] {dino} ed's green

[09:40] {Les} had a short in esi .98. my software is asleep. gotta reboot

[09:40] {Threei} Long Setup: WFC .20 break

[09:40] {nemo} oy

[09:40] {Threei} wow

[09:40] {Threei} that was unobtainable

[09:41] {shorty} Nice call though

[09:41] {Threei} US) Preview: April ISM Non-Manufacturing Composite due out at 10:00ET

[09:41] {Threei} **consensus expectation: 56.0e v 55.4 prior

[09:41] {dino} intc l .01

[09:41] {magoo} took .31

[09:41] {magoo} chase i know

[09:42] {Threei} a whole lot of it

[09:42] {magoo} looking for .43

[09:44] {dino} fire

[09:44] {dino} thin

[09:45] {dino} agm drop

[09:45] {nemo} ahhhh......Vad?

[09:46] {nemo} nevermind

[09:47] {Threei} ?

[09:47] {nemo} nothin'

[09:48] {dino} fire l ave .17

[09:48] {jfjf64} vxx sharp pullbk

[09:48] {Threei} should drop more I think

[09:49] {dino} giddy-up

[09:49] {Threei} (EU) ECB's Weber: Greece Containing contagion does not justify all and any means, cannot violate basic principles of Maastrict treaty

[09:49] {Threei} - An "insolvency regime" would increase market discipline and national responsibility

[09:49] {Threei} - Crisis calls for measures that were "unthinkable" previously, however there are "limits."

[09:49] {Threei} - Greek crisis is primarily due to domestic problems, Greek austerity measures are painful but necessary.

[09:50] {Les} nice dino. tried following but no luck with IB. overwhelmed with orders or bad weather?

[09:51] {dino} out ctsh .45, +.70

[09:51] {Threei} BP Sees containment dome lowered onto seabed in apprx 3 days time

[09:51] {Threei} - Stopped one of three leak points; Mc252 Oil well and Riser

[09:52] {dino} ty les

[09:52] {dino} out elx +.10

[09:54] {Threei} Long Setup: WFC 32 break

[09:54] {fernp} PCX 18 break, Vad?

[09:54] {Threei} stop under .90

[09:54] {nemo} damn

[09:54] {magoo} in REVENGRE

[09:54] {Threei} this one is not a scalp

[09:55] {Threei} half out

[09:55] {Threei} well, unless you are a scalper

[09:55] {Threei} I will try for more

[09:55] {shorty} out 1:2

[09:55] {strider} that would be me in this case.

[09:55] {nemo} ?

[09:55] {strider} ty

[09:55] {shorty} ty

[09:55] {Threei} stop to .95

[09:55] {nemo} how 1:2 shorty

[09:55] {shorty} got it at .01 out at .11

[09:56] {strider} ITMN rallies.

[09:56] {nemo} that's still 1:1

[09:56] {Threei} jf, if you really want VXX, I'd start looking for entry under .50

[09:56] {shorty} for you, I risk 5 cents

[09:56] {Threei} out 1/2 more WFC

[09:56] {Threei} +.23

[09:56] {Threei} out last piece

[09:56] {Threei} .27

[09:57] {jfjf64} ty wfc

[09:57] {Threei} welcome

[09:57] {Threei} shorty, that's wrong approach

[09:57] {dino} scanners all green

[09:57] {magoo} out .34 TY

[09:57] {magoo} REVENGE is sweet

[09:57] {Threei} .95 was not justified as a stop

[09:57] {Threei} chart had no support there

[09:57] {Threei} aww, exited a bit soon

[09:58] {Threei} but nailed it well as capable for more than scalp\

[09:58] {dino} revenge is a dish best served cold....and it is very cold in space

[09:58] {shorty} Are yu looking at the wick? I was looking at the body.

[09:59] {Threei} with volatile stock on volatile morning, that was asking to be shaken out

[09:59] {Threei} jf

[09:59] {Threei} now you can start looking, VXX

[09:59] {shorty} Thanks nemo and Threei. I will tweak that.

[10:01] {dino} out fire .54, +.37

[10:01] {magoo} ITMN needs .60 and could RIPPPPPPP

[10:01] {magoo} Dangerous

[10:01] {dino} out intc .20, +.19

[10:01] {shorty} dino is on fire

[10:01] {shorty} way to go dino

[10:03] {dino} ty

[10:04] {dino} fdx sm l .10

[10:04] {Threei} OK guys, quick dash to airport and back

[10:04] {Threei} see you in 40

[10:04] {magoo} ill run the show vad

[10:04] {jfjf64} hey what ya mean

[10:04] {shorty} I will stop trading

[10:04] {dino} ctsh sm l .15

[10:05] {Les} let's play mag's setups and lose our shirts :)

[10:05] {shorty} King of momo

[10:05] {magoo} well, ask dino about that

[10:05] {Les} why .60 mags ITMN? took a .50 breakout there with no joy...

[10:06] {magoo} premkt resistanbce

[10:06] {magoo} looking ok

[10:06] {dino} ups sm l .55

[10:07] {fernp} FITB on highs

[10:08] {magoo} offer .77

[10:09] {dino} giddy-up in my best cosmo kramer voice

[10:09] {strider} ITMN trying

[10:09] {magoo} out .77 + .30

[10:09] {magoo} fl

[10:09] {magoo} easy button

[10:09] {magoo} LES???

[10:09] {Les} out flat. small shares. looking for bigger move

[10:10] {dino} beasty boyz market, "its tricky"

[10:10] {dino} out fdx .50, =.40

[10:10] {dino} +

[10:10] {dino} ctsh issues, stop .97 area

[10:10] {Les} waited for .60 to break. was in .64

[10:11] {magoo} or beasty "sabotage" dino

[10:12] {magoo} les, if u had even 1k, it never lost 55

[10:12] {magoo} so, 50 bux wiggle

[10:12] {magoo} then up to .77, + 170

[10:13] {magoo} these nasty traders are wigglers, size according to your risk tolerance

[10:13] {strider} GS JBE st 150

[10:13] {strider} wide

[10:13] {Les} ok I see now .50 is decent support. should have taken on some risk

[10:13] {magoo} or stay away from this type, tajkes experience

[10:13] {Les} naaaaaaaaaaaah

[10:14] {Les} I like this type. always on paper though.

[10:15] {Les} I did send of a check today. Hopefully in Laser in a week or two

[10:15] {Les} off, not of

[10:16] {ese} good morning......

[10:17] {shorty} morning ese

[10:17] {RonS} hi ese

[10:17] {ese} will not be with you for very long.....show this evening and have to pick up my vehicle from auto body shop

[10:17] {ese} shorty ron

[10:17] {ese} you all filthy stinking rich yet

[10:18] {ese} 3i not on the board today?

[10:18] {dino} mkts want gap fill

[10:18] {Les} I wish. Vad has abandoned us and Mags is in charge

[10:18] {shorty} I know dino is, maybe magoo. As for me, no.

[10:19] {ese} MMMMMMMAAAAAAAGGGGGGGGSSSSSSSSS!!!!!!!!!!!!!

[10:19] {ese} OHHHHHHHHH NOOOOOOOOO!!!!!!!!!!!!

[10:19] {Les} mags, u keep me posted on how you approach ITMN please today. can use the lessons

[10:19] {dino} just lucky shorty

[10:21] {magoo} making my rounds les

[10:21] {shorty} Would ITMN be a candidate for a short squeeze?

[10:21] {Les} u off to the pub already?

[10:22] {ese} which one of you is responsible for dynamiting the Acroppolis.....damn it can't you see what you've done....not they moeny to fix it and the mrkts have gone ahywire

[10:22] {strider} ITMN. It's already in a short term uptrend

[10:22] {ese} now they need

[10:22] {ese} haywire

[10:22] {magoo} u guys..careful..its prob the most dangerous play today

[10:23] {magoo} it could squeeze to 15 or fall and test 8

[10:23] {dino} out ups ..25, +.70

[10:23] {shorty} Thanks magoo, I am not going to play it at all.

[10:24] {ese} anything out there i can make some quick money on ?

[10:24] {magoo} if i wipe out vads entire room clientel in 40 minutes, hes gonna be PISSED he he

[10:25] {dino} lots of things es

[10:26] {dino} but imo, wait a few minutes

[10:26] {ese} done

[10:26] {dino} watch intc for l off .01 area

[10:27] {ese} will do

[10:27] {dino} keeps going to .20, size it up

[10:27] {ese} nvda almost looks the same

[10:28] {dino} ctsh not cooperating w/upgrade and blow out earnings

[10:29] {Les} long .18. looking for .48 exit

[10:29] {dino} pwrd higher low

[10:29] {dino} les, ctsh?

[10:29] {Les} y

[10:30] {dino} ok, i'm at .15 want .65

[10:31] {Les} premarket price?

[10:31] {Les} That is basis for your exit target?

[10:32] {_york1} here

[10:33] {dino} ctsh out flat, mkt drop

[10:33] {Threei} back

[10:33] {Threei} everyone's alive?

[10:33] {Les} with how many speeding fines?

[10:33] {shorty} yes

[10:33] {dino} gm york

[10:34] {ese} check out gild dino

[10:34] {Threei} they couldn't catch up with me to write speeding ticket, les

[10:34] {Threei} so none

[10:34] {Threei} DOE CRUDE: +2.75M V +750KE; GASOLINE: +1.26M V +500KE; DISTILLATE: +573K V +1.5ME; UTILIZATION: 89.6% V 89.0%E

[10:35] {Threei} wow ITMN

[10:35] {dino} destroyed since earnings gild

[10:35] {Threei} GR) EU's Barroso: Critical mass of Euro Zone would be ready to lend to Greece by end of week; EU should make some sort of crisis mechanism available on a permanent basis

[10:36] {Threei} crisis mechanism available on a permanent basis?

[10:36] {dino} lol

[10:36] {Threei} lol

[10:36] {Les} hehehe

[10:36] {dino} for cheaters i suppose

[10:36] {Threei} GE) Germany Deputy Fin Min Asumussen: Unaware of whether ECB is planning to buy Spain or Portugal bonds; "Orderly defaults" not a current option

[10:36] {Threei} - confident in approval from Gemany on Greece aid

[10:36] {Les} so much for Merkel's one time bailout

[10:36] {ese} one of your members blew up the Acroppolis Vad........I tried to tell them that we earn money the legit way and not manipulating the mrkts........but NNNNNOOOOOO!!!!!! they just don't listen

[10:36] {dino} gild sm l .50

[10:36] {Threei} what a mess

[10:36] {Threei} lol ese

[10:37] {magoo} [10:23] {magoo} u guys..careful..its prob the most dangerous play today

[10:37] {magoo} [10:23] {magoo} it could squeeze to 15 or fall and test 8

[10:37] {magoo} [10:25] {magoo} if i wipe out vads entire room clientel in 40 minutes, hes gonna be PISSED he he

[10:37] {Threei} oh boy

[10:37] {Threei} lol

[10:37] {Les} hey I'm only down 1k

[10:38] {Threei} Short Setup: WFC .65 break

[10:38] {ese} L gild .51 sm

[10:38] {shorty} I am up $20

[10:38] {Threei} if stays under .75

[10:38] {Threei} double top aggressive play

[10:39] {ese} daaaaaaaaaaaa

[10:42] {dino} ctsh sm l .15

[10:42] {nemo} stopped

[10:43] {Threei} yup

[10:43] {shorty} stopped

[10:44] {dino} this contagion thing my thoughts are the europeans will inflate it away by orinting euros

[10:45] {ese} orinting?

[10:46] {dino} opps, printing

[10:46] {Threei} CTGX Selected by the Texas Health Services Authority to Provide Planning Support for Statewide Health Information Exchange

[10:46] {ese} ahhhhhhh

[10:49] {Threei} bounce is much bigger than I suspected

[10:49] {magoo} agree..im impressed here, AND the BEARS gotta be getting worried

[10:50] {ese} europeans.........very expressive people.....over react

[10:51] {Threei} hesitated about LVS .50 break, mostly because exepcted bounce strength to vane

[10:59] {Threei} still feels to me like should reverse down from here

[11:01] {Threei} Short Setup: LVS .90 break

[11:02] {nemo} stop .98

[11:02] {Threei} wth

[11:02] {nemo} crisssakes

[11:02] {shorty} crushed

[11:02] {nemo} out 24.04

[11:02] {shorty} same

[11:02] {Les} squeeze those shorts. sorta like 'pimp my ride'

[11:02] {Threei} rinse against the market

[11:03] {nemo} this is going for awhile

[11:03] {Les} french banks beaten bad. watching UBS and CS for cultural contamination

[11:04] {Threei} don't like today at all

[11:05] {strider} My best day in awhile.

[11:05] {Threei} good, you make calls today

[11:06] {dino} same here strider

[11:06] {strider} I quit.

[11:06] {strider} for today.

[11:06] {Threei} sigh

[11:06] {magoo} want me to takeover vad??:)

[11:07] {Threei} sure

[11:07] {magoo} just remember everyone, we r playing levels..so if ITMN loses .50, we scalp covering .31

[11:08] {magoo} if it reverses against us, we out .54 long and cover .77

[11:08] {shorty} Just tell us when to buy and sell

[11:08] {larisa} sigh

[11:08] {magoo} u gotta be fast

[11:08] {magoo} i cant type so telling u now

[11:09] {magoo} magoo-style

[11:09] {magoo} btw, im releasing video called "gooby-style"

[11:10] {strider} rated X?

[11:10] {shorty} I was working on one too "Hope"

[11:10] {jfjf64} that a boy mags like ya style you hv web site maybe sign up 4 ya daily calls

[11:10] {strider} Mine is: "Abandon all hope, ye who enter here. "

[11:11] {strider} 2nd release: "What you resists, persists."

[11:12] {magoo} this is just example-what im saying is, say we go sh for loss of .50, we want to lay out cover .34, butit only gets say .44 and reverses, so we cover out loss .54 and BUY .54 and ride it up, but i cant type that I JUST CANT...EXHAUSTED typing this

[11:13] {strider} pobre magoo.

[11:13] {dino} trust me, its all magoo can do walk up the stairs

[11:13] {jfjf64} see vad it aint easy doin what ya do

[11:13] {Threei} I'll wait till you all try

[11:13] {strider} magoo needs Stairmaster.

[11:13] {magoo} thats why skype

[11:13] {Threei} oh come on

[11:13] {strider} NOOOOOOO!

[11:14] {Threei} you have no idea what a mess that would be

[11:14] {magoo} can yell at u all EASY anb enjoyable

[11:14] {Les} no thanks

[11:14] {strider} Have you heard Vad's accent?

[11:14] {magoo} GET IN...GET OUT

[11:14] {strider} And nemo's?

[11:14] {shorty} Long set BRK.A. 114330 break

[11:14] {jfjf64} lol

[11:14] {shorty} half lot

[11:14] {RonS} lol

[11:16] {strider} Besides, how would you guys say "lol" on skype?

[11:16] {larisa} he he he ?

[11:16] {Threei} rofl

[11:16] {strider} OK. Skype for larisa.

[11:17] {larisa} no :)

[11:18] {strider} why is nemo so quiet today?

[11:18] {nemo} ?

[11:18] {Threei} he is ashamed of this asylum

[11:18] {dino} in time out

[11:18] {strider} that would be you.

[11:18] {nemo} ?

[11:18] {Threei} BP

[11:18] {strider} OK. You're restricted to question marks today.

[11:18] {Threei} that was totallyt unreadable

[11:19] {nemo} ecxept that it bounced off that level twice before

[11:19] {Threei} by that l.ogic, it should have dropped off 51.20

[11:19] {nemo} ?

[11:19] {larisa} pivot and camarilla 50.83 support

[11:20] {nemo} .20 could have been a partial

[11:20] {Threei} it dropped twice of that level before?

[11:20] {nemo} oh yeah, right on the pivot

[11:20] {Threei} if you consider such criteria a readable entry, you should be consistent

[11:21] {Threei} The Goldman Sachs Group Inc Fitch revises outlook to Negative from Stable; affirms A+ ratings

[11:21] {Threei} - The Rating Outlook revision to Negative incorporates recent legal developments and ongoing regulatory challenges that could adversely impact Goldman's reputation and revenue generating capacity. Goldman's franchise and market position are potentially vulnerable to scrutiny by stakeholders, and like peers, may be affected by the industry's regulatory evolution.

[11:21] {Threei} what bs

[11:21] {dino} value added after a 40 pt drop, lol

[11:25] {Les} esi

[11:27] {dino} ctrp sm l .75

[11:30] {Threei} GRAN?

[11:30] {strider} That's my local bank

[11:30] {Threei} no news here

[11:31] {ese} dino....you still hangin in there L gild

[11:31] {ese} I just added somemore avg .45 now

[11:33] {jfjf64} vxx23 break

[11:35] {dino} y

[11:35] {dino} my stop is .245

[11:35] {dino} .24

[11:35] {Threei} SBSA?

[11:36] {strider} nothing here.

[11:37] {dino} siro

[11:37] {Threei} flyying crap

[11:37] {Threei} hyped somewhere

[11:43] {Threei} sheesh LVS

[11:43] {jfjf64} watchin

[11:43] {Threei} not my day so far, not finding anything

[11:43] {Les} out esi +.46. stopped shorting and it starts working

[11:43] {jfjf64} .13

[11:43] {jfjf64} 5 min

[11:43] {jfjf64} grrrrrrrrrrrrrrrr

[11:46] {Threei} DRIV Acquires fatfoogoo for about $10M

[11:46] {Threei} fatfoogoo?

[11:46] {Threei} for 10M?

[11:46] {Les} someone is smiling

[11:47] {Threei} all fat foogoos are

[11:47] {Les} hehe

[11:48] {jfjf64} kss

[11:48] {jfjf64} .05

[11:50] {Threei} nice one jf

[11:50] {RonS} clf gap fill and parabolic

[11:50] {jfjf64} half out

[11:52] {dino} gaps filled, next 11151, 2031, 1187 from monday

[11:52] {jfjf64} stop at .10

[11:53] {dino} fcx following

[11:53] {dino} clf

[11:54] {nemo} this market is a riot Up Down Up Down Up Down

[11:55] {Les} what a shit

[11:55] {nemo} ?

[11:55] {Les} this market

[11:55] {dino} this makets trades three days in one

[11:55] {dino} siro sm l .50

[11:56] {Threei} gosh... such strong emotions about one tough to read day

[11:56] {nemo} ?

[11:56] {Threei} haven't heard any complaints yesterday

[11:56] {nemo} I'm not complaining

[11:56] {Threei} strength of the bounce is a bit surprising, that's all

[11:56] {dino} nor i, been saying 3 days in one for a month

[11:57] {Les} no, it's my thinking that gets me into trouble

[11:57] {jfjf64} what happen yest

[11:57] {dino} open was day one, bounce day two, dday three coming

[11:57] {Les} ESI rocketing upwards should have been signal to ignore shortingt

[11:57] {Les} at the open

[11:57] {dino} yesrday -3%

[11:57] {Threei} yesterday was one of those "can do no wrong" days

[11:58] {Threei} total Midas touich

[11:58] {Threei} any trade we tried worked before we blinked

[11:58] {Les} was a good day

[11:58] {Threei} so we have up on blinking

[11:58] {Threei} gave

[11:58] {jfjf64} yest was yest today is today

[11:59] {jfjf64} lol

[11:59] {Threei} wow

[11:59] {dino} sro odd, beats and raises

[11:59] {Threei} that's real wisdom... sorry, I need to ponder that

[11:59] {dino} siro

[12:00] {jfjf64} jf has lots of wisdom

[12:00] {Threei} I get this feeling :)

[12:00] {nemo} ?

[12:00] {Threei} and nemo has a lot of questions

[12:01] {nemo} what feeling

[12:01] {nemo} ?

[12:01] {Threei} that jf has a lot of wisdom

[12:01] {dino} hey les, ctsh .65 prints

[12:01] {Threei} (GR) German Parliament budget committee reportedly backs 22.4B three-year aid package for Greece

[12:02] {Threei} will we now get riots in Germany too?

[12:02] {dino} nah, just invasion of greece when they default

[12:03] {dino} no sense of humor

[12:04] {nemo} volume very strong today

[12:04] {nemo} looks like the dip got bought

[12:04] {Les} I've blown it today dino. Why I sold CTSH just above 50 I do not know

[12:04] {dino} you made $, gj\

[12:04] {Les} nope

[12:05] {dino} ohh, 50.00 you mean

[12:05] {dino} .65 stop

[12:05] {jfjf64} lvs vad

[12:05] {dino} out +.50 ctsh

[12:05] {Les} a start with you 1st thing would have made a difference, but IB wasn't cooperating

[12:05] {Threei} I am looking at it jf... I just can't understand what it is I am looking at

[12:06] {dino} lucky start today, been struggling in a.m. lately

[12:06] {Les} was definitely buy the dip the morn

[12:06] {Threei} we are in opposite phases dino

[12:06] {shorty} double top WFC Threei?

[12:06] {dino} ctrp to .99

[12:06] {dino} usually 3i

[12:06] {jfjf64} reall wisdomm must ponder that also

[12:06] {Threei} looks like shorty

[12:07] {Threei} just hate to try again and again what doesn't work

[12:07] {Threei} and shorting sure didn't

[12:07] {nemo} see that support at 10:45 at 33

[12:07] {jfjf64} ditto

[12:07] {shorty} ok

[12:07] {Threei} look at today's trades

[12:07] {jfjf64} my biggest prob

[12:07] {Threei} bounce worked perfectly,

[12:08] {nemo} yeah, shorts got killedd

[12:08] {dino} gild to flat

[12:08] {Threei} bagged 30 cents profit, even with very early exit

[12:08] {Threei} two quite reasonably looking shorts into bounce to resistance failed

[12:09] {shorty} Got it, what worked yesterday might not work today. Adjust accordingly.

[12:09] {Threei} so far that's exactly the case

[12:09] {Threei} all bounces were sold hard yesterday

[12:10] {Threei} nothing of sorts today

[12:10] {larisa} and once you are fully adjusted, it changes again, shorty :)

[12:10] {Threei} lol

[12:10] {Threei} there is truth to it though:

[12:11] {shorty} lol

[12:11] {Threei} when certain patterns work for a while, we have consistency

[12:11] {Threei} when they change, we may have a few tough days,

[12:11] {Threei} or sometimes, being tuned in well, we get the change right,

[12:11] {Threei} as happened yesterday

[12:11] {Threei} but the greatest challenge is:

[12:11] {Threei} change from day to day

[12:12] {dino} outr ctrp +.24

[12:12] {Threei} you simply have not much signposts and/or time to re-adjust

[12:12] {Threei} fortunately it's not something that happens often or continues for long

[12:12] {Les} esi

[12:14] {dino} thats why nothing matters

[12:15] {Threei} yup... read every day to the best of your abilities, control risk, back off when not in tune, push when hot, forget about yesterday and start anew

[12:17] {Threei} this headline is somewhat ironic:

[12:17] {Threei} (EU) Goldman Sachs analysts sees fresh ECB quantitative easing as a necessity to cope with the Euro Zone peripheral debt crisis

[12:17] {Threei} - Expects Greece to restructure debt as soon as 2011.

[12:17] {Threei} - After May 19th Greece's next debt repayment is due in July, then country is in the clear until March 2011

[12:18] {Threei} I mean GS and Greece... can you say two disasters met

[12:18] {Threei} throw in BP, and it's picture perfect

[12:18] {dino} clear until march 2011? they will party like its' 1999

[12:18] {Threei} lol

[12:20] {Threei} (US) US Senator Dodd (D-CT); Expecting for Senate to vote on 'too big to fail' legislation in the early afternoon (related XLF IXG )

[12:20] {Les} that tobin tax still in the works?

[12:20] {nemo} not this year

[12:21] {Threei} Foreign investors believe that Greece will easily roll over debt on May 19th, now focusing on Spanish repayment due on May 20th and 21st.

[12:22] {dino} siro to .99

Session Close: Wed May 05 12:26:44 2010

Session Start: Wed May 05 12:26:44 2010

Session Ident: #discussions

02[12:26] * Disconnected

02[12:26] * Attempting to rejoin channel #discussions

03[12:26] * Rejoined channel #discussions

[12:27] {Threei} lost connection

[12:28] {Threei} back now

[12:28] {Threei} jf, doubleclick on my name

[12:28] {Threei} and type in the new window

[12:28] {dino} out siro ..00, +.50, thing jumps up/down like exotic dancer

[12:29] {dino} out gild .68, +.18

[12:30] {dino} feels like day 3 is starting

[12:33] {Threei} selling resumption in your eyes?

[12:34] {jfjf64} back

[12:34] {dino} pwrd

[12:34] {dino} yes 3i

[12:34] {Threei} my strong feeling too

[12:35] {jfjf64} bp

Session Close: Wed May 05 12:36:03 2010

Session Start: Wed May 05 12:36:03 2010

Session Ident: #discussions

02[12:36] * Disconnected

02[12:36] * Attempting to rejoin channel #discussions

03[12:36] * Rejoined channel #discussions

[12:36] {Threei} (GR) Greece OTOE union reportedly calls strike for May 6

[12:36] {Threei} this is so not good... what a turmoil

[12:39] {Threei} (IN) Earthquake of magnitude 6.6 hits just off coast of Sumatra (related USD/INR TAYD )

[12:39] {dino} well, then don't loan them the $

[12:39] {Threei} this planet tries to shake us off it seems

[12:40] {Threei} can you really blame it?

[12:40] {nemo} 2012

[12:40] {larisa} conspiracy of the shrimps

[12:40] {Threei} lol

[12:41] {dino} lol

[12:41] {Threei} again... can you blame them?

[12:41] {Les} good one larisa

[12:41] {Threei} two paper shorts I tracked to see if I get my read back worked like charm

[12:41] {Threei} LVS .20 break

[12:41] {Threei} and WFC .90 break

[12:42] {jfjf64} charming

[12:42] {Les} esi

[12:44] {Threei} let's see if we get bounces to short

[12:44] {jfjf64} look vxx

[12:45] {dino} intc l .00

[12:46] {dino} sm l siro .55

[12:48] {ese} ok gotta go out gild .71 +26 cya tomorow

[12:48] {Les} ciao

[12:49] {ese} vad were playing at the Fernwood Inn on Fernwood if ya want to come

[12:49] {shorty} Cya ese, have a good show.

[12:49] {ese} tks

[12:49] {nemo} what's your target on intc dino?

[12:50] {shorty} What is your target on INTC dino?

[12:50] {Threei} Fed's Plosser: Scaling back Fed supervision undermines Senate financial regulatory overhaul

[12:50] {shorty} lol

[12:50] {shorty} sorry

[12:50] {nemo} dork

[12:50] {shorty} lol

[12:51] {dino} intc .15 target

[12:56] {dino} sm l pwrd .75

[13:02] {shorty} ty dino, I took profit from INTC.

[13:03] {nemo} Qs and spy walking 200 ma

[13:08] {dino} yw shorty

[13:12] {dino} cetv

[13:13] {Threei} GS CEO: Not being distracted by the scrutiny, worst of scope are questions concerning ethics; company currently in self examination process

[13:18] {Threei} Long Setup: BP .95 break

[13:18] {Threei} if stays above .85

[13:19] {Threei} should take 52 and explode

[13:19] {Threei} hopefully not shaking us out in the process

[13:20] {nemo} last two drops were .15 an .20

[13:22] {Threei} enough dancing BP, let's go

[13:23] {magoo} in

[13:23] {nemo} oh oy

[13:23] {nemo} boy

[13:23] {Threei} take down that wall

[13:23] {nemo} they were lined up at 52

[13:24] {Threei} watch it 'xploding tru dat

[13:25] {_york1} where is the stop on BP?

[13:25] {Threei} [13:18] {Threei} if stays above .85

[13:25] {nemo} yeah

[13:25] {_york1} I see

[13:25] {dino} out intc .15, +.15

[13:25] {_york1} thanks

[13:26] {dino} out mfe .31, +.11

[13:26] {Threei} no rinsing, you oil-spilling dirtbag

[13:26] {Threei} aww

[13:27] {Threei} market pullback

[13:27] {nemo} nother stop blow thru

[13:27] {Threei} still not my day

[13:28] {magoo} i warned u yesterday :)

[13:29] {Threei} oh, if I were as smart today as some were yesterday {G}

[13:29] {magoo} keep working at it lol

[13:40] {Threei} most charts I look at are mess

[13:50] {RonS} Headline of the day via Marketwatch: Odds still favor hung U.K. parliament

[13:50] {Threei} lol

[13:51] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[13:52] {dino} pall

[13:52] {Threei} (GR) Greece's largest union, the General Confederation of Greek Workers (GSEE), says it will continue to oppose new austerity measures

[13:52] {Threei} but of course

[13:54] {nemo} bp db?

[13:54] {Threei} I think so

[13:54] {Threei} but market seems to ignore my thoughts

[13:55] {nemo} acting like your wife, huh?

[13:55] {Threei} if market were anything kiek her, it would get on a plane and fly across the continent from me

[13:56] {Threei} to be fair, it would leave me week's worth of cooked food

[13:57] {Threei} well

[13:57] {Threei} Long Setup: BP .30 break

[13:57] {Threei} if holding .25

[13:57] {magoo} UGH

[13:57] {Threei} if this doesn't work, I am off to monastery

[13:58] {magoo} with no booze

[13:58] {Threei} yeah

[13:58] {Threei} to ponder jf's wisdom

[13:59] {Les} I found the booze

[13:59] {Les} and wisdom

[13:59] {Les} this stinks

[13:59] {shorty} wisdom always comes after booze

[14:00] {Les} voila

[14:00] {Threei} not in my case

[14:00] {Threei} I use booze to deafen wisdom's voice

[14:00] {nemo} out

[14:00] {Threei} yeah

[14:00] {shorty} out

[14:00] {Threei} monastery it is

06[14:01] * strider slaps Threei around a bit with a large non-speciific religious icon

[14:01] {Threei} oh good

[14:01] {Threei} now I have to guess what it was

[14:01] {strider} generic

[14:01] {RonS} peyote bush...

[14:02] {strider} doesn't work with any religion.

[14:02] {shorty} Scientology is a good one.

[14:02] {strider} instead of not working with specific ones.

[14:02] {nemo} actually, that was a two way set-up....dumb

[14:03] {Threei} true

[14:03] {RonS} ...was thinkin that...plus been tracking w/ cam today and that gave it up sooner

[14:08] {RonS} ...forget that...everything got smacked

[14:13] {Threei} (FR) France PM: Speculative attack against the Euro will fail; France must preserve its highest rating in Europe (related EUR/GBP EUR/USD )

[14:13] {Threei} speculative attack eh

[14:14] {Threei} - Eurozone economy is solid; France must cut its public spending with difficult decisions necessary

[14:14] {Les} at this moment I wanted to respond like a German during Hitler's reign, but it might not be appropriate

[14:14] {Threei} I am sure it isn't

[14:14] {Les} but that French crap sounds like a propaganda minister bs

[14:15] {Threei} crap is international

[14:15] {Threei} don't assign it to any country, no one has exclusivity on it

[14:16] {dino} out pwrd +.05

[14:16] {Les} just reminds me of Europe 1930's

[14:16] {dino} out siro flat

[14:16] {dino} opps -.05

Session Close: Wed May 05 14:28:18 2010

Session Start: Wed May 05 14:28:18 2010

Session Ident: #discussions

02[14:28] * Disconnected

May 04 2010

The best day in a while, as market showed a lot of activity presenting plenty of opportunities on both sides. Longs on BP, GS, LVS, MGM, WFC, shorts on LVS and MGM, majority of plays were failry sized and just one 12 cents stop on half lot.

Session Time: Tue May 04 00:00:00 2010

[04:43] {KSystems} good morning

[07:53] {strider} Raven, you're friend's trying join you.

[07:53] {strider} your

[07:54] {Raven} lol ... I know ... I'm fiddling around with MIRC

[08:01] {magoo} morning

[08:08] {KSystems} hey

[08:37] {strider} .

06[08:38] * Les slaps strider around a bit with a large trout

[08:39] {Les} Conan strikes!

06[08:39] * Les slaps magoo around a bit with a large trout

06[08:39] * Les slaps nemo around a bit with a large trout

[08:39] {Threei} 08:08 [QCOR] FDA staff note their concern over ability to draw valid conclusions from data supplied by QCOR on trials of Acthar Gel in treating infantile spasms

06[08:39] * Les slaps Threei around a bit with a large trout

[08:39] {Les} I feel the barbarian coming out in me

[08:39] {magoo} who taught him that? lol

[08:39] {Threei} more importantly, who hid his medications?

[08:40] {Threei} BP and RIG are happy

[08:40] {Les} thinking of Governor Schwarzenegger and to be young and virile again

[08:41] {strider} s BP .92

[08:42] {Les} John Lee reported overnight hold on BP. had the opportunity to enter at 50 after hours

[08:42] {Les} then I thought naaaaaaaaaaaah

[08:43] {Les} don't need televised mass death of animals overnight to sink BP another 10 points

[08:43] {Les} I want the moolah, but understand the risk now

[08:43] {Les} well, sometimes I understand the risk

[08:43] {Les} I'll shut up now

[08:44] {Threei} don't worry... when you forget about it it won't take market long to refresh your memory

[08:44] {strider} out .81

[08:58] {Threei} BP Spokesperson confirms one dome has been fully constucted and is being transported to the spill site in the Gulf (50.19, 0.00, 0.00%)

[08:59] {Threei} - reminder: yesterday a company spokesperson said it could have the first dome in place within a week and second one deployed within two weeks.

[09:01] {Threei} keeping an eye on ABK

[09:01] {Threei} EUR/USD Hits fresh one-month lows on speculation ECB might ease

[09:01] {Threei} wow, they still have room to ease?

[09:02] {RonS} gm all :) NTRI 12.9 mil sh short, 45.7% float

[09:02] {Threei} ron :)

[09:03] {Threei} ABK if you remember rallied yesterday on news that it met requirements to remain listed

[09:03] {Threei} gapped donw to support I wanted for entry on pullbackl

[09:03] {Les} so crap really can fly... we gonna help lift its wings? :)

[09:04] {Threei} well, with stop under .50

[09:04] {Les} trigger is .60?

[09:04] {RonS} IPXL

[09:04] {Threei} we may try to profit from its flapping

[09:05] {Threei} no, I actually meant this very level that I targeted yesterday, .55 - .56

[09:05] {Threei} it's a small thick stock, scalp type I

[09:05] {Threei} .60 could be a bit too far from sup;port'

[09:06] {Threei} STEM Reports Q1 -$0.05 v -$0.10, R$230K v R$57K y/y

[09:06] {Threei} nice revenue

[09:06] {Threei} lol

[09:07] {Threei} IPXL

[09:07] {Threei} 7:00:34 AM

[09:07] {Threei} Impax Laboratories Reports Q1 $2.06 v $0.49e, R$323M v $163Me

[09:07] {Threei} - Revenues increased primarily due to strong sales of generic Flomax, generic Adderall XR, and to a lesser extent, increased sales of the Companys fenofibrate products.

[09:07] {RonS} ...isn't Flomax for allegies...just for Les...

[09:08] {RonS} allegies=allergies

[09:08] {Les} i'm doped up enough thanks

[09:08] {RonS} ...wish nemo were here to handle that one...

[09:09] {Les} he's a dope

[09:09] {Threei} nemo can't believe the ruichness of opportrunities

[09:09] {dptl} good morning

[09:09] {Threei} dp :)

[09:12] {Les} fcx crash premarket

[09:12] {fernp} Good morning everybody

[09:13] {Threei} fern :)

[09:13] {shorty} Good morning

[09:13] {Threei} shorty :)

[09:15] {strider} morning folken

[09:15] {Threei} strider :)

[09:16] {strider} Is nemo here in name only?

[09:16] {ese} morning

[09:16] {Threei} US) Preview: Treasury Sec Geithner to testify before the Senate Finance Committee at 10:00ET

[09:16] {Threei} - the topic is the proposed fees for financial institutions

[09:16] {Threei} ese :)

[09:16] {nemo} dude

[09:17] {RonS} Euro at 1.3065...reports that major s/l's at 1.300 and could be a target for a downside break in order to trigger...

[09:20] {Threei} larisa :)

[09:21] {larisa} gm :)

[09:22] {ese} dude

[09:23] {magoo} OSTK halted..very good earnings

[09:23] {Threei} OSTK Reports Q1 $0.16 v -$0.17 y/y, Rev $246.3M v $185.7M y/y

[09:23] {Threei} - Gross margin: 17.9% vs. 19.5%

[09:25] {RonS} ostk 3.4 mil sh short, 21.8% float

[09:26] {RonS} ostk...w/ the gm decline kinda hard to tell which way it will go...

[09:28] {Threei} major question is: will the gap down be bought once again, or do we finally break down

[09:28] {magoo} i am clueless

[09:29] {Threei} so am I

[09:29] {Threei} really feels like time to disappoint permabulls

[09:29] {dino} gm all

[09:29] {dino} buy the dips until it fails imo

[09:29] {jfjf64} mornin

[09:29] {dino} we are a week early imo

[09:29] {Threei} dino, jf :)

[09:30] {dino} week before exp is the bigger down week

[09:33] {Threei} Long Setup: BP .46 break half lot

[09:33] {Threei} if stays above .35

[09:33] {shorty} missed it

[09:33] {Threei} 1:2

[09:34] {Threei} or whatever

[09:34] {Threei} who got it get out

[09:34] {shorty} lol

[09:34] {Threei} I can't count that fast :)

[09:34] {magoo} in out

[09:34] {magoo} .46 - .77 TY

[09:34] {shorty} Nice one

[09:34] {Threei} wtg

[09:34] {magoo} 2k

[09:35] {magoo} by accident

[09:35] {Threei} that's your half lot?

[09:35] {magoo} NO

[09:35] {Threei} lol

[09:35] {magoo} went for it..tried canx, went again and double fill

[09:36] {Threei} watching LVS

[09:37] {magoo} ostk resumes . 9:50

[09:38] {Threei} Long Setup: LVS .90 break if holding .80

[09:38] {magoo} ugly futes here

[09:38] {magoo} GS spike

[09:39] {Threei} {futes} you... you... (sniff)

[09:39] {Threei} LVS turns into recross play

[09:39] {Threei} .80

[09:40] {Threei} over 1:1

[09:40] {Threei} Long Setup: BP .50 half lot

[09:40] {nemo} ntri

[09:40] {Threei} if holding .40

[09:40] {dino} sm l bwld .00

[09:41] {magoo} crazy NTRI

[09:41] {Threei} no go this time

[09:41] {magoo} packed with shorts

[09:42] {Threei} nice earnbings, couple upgrades

[09:42] {Threei} argh

[09:42] {shorty} rinsed

[09:42] {Threei} BP rinse

[09:42] {Threei} overtightened stop

[09:43] {Threei} anyone did ABK scalp earlier btw?

[09:43] {Threei} clean type I, .55 - .61

[09:44] {Threei} US) Preview: March Pending Home Sales due out at 10:00ET

[09:44] {Threei} **consensus expectations: M/M: 5.0%e v 8,.2% prior; Y/Y: 19.5%e v 17.3% prior

[09:44] {Threei} 09:43 (US) Preview: March Factory Orders due out at 10:00ET

[09:44] {Threei} **consensus expectation: 0.0%e v 0.6% prior

[09:44] {magoo} lord vader look FCX

[09:45] {dino} fcx odd as rtp up

[09:45] {Threei} not ready yet, IMO

[09:45] {dino} elx l .70

[09:45] {nemo} fcx 69.76

[09:45] {magoo} down 169

[09:45] {magoo} WOW

[09:47] {Threei} Long Setup: MGM .85 break

[09:47] {Threei} stop for scalpers under .80, day traders .75

[09:47] {nemo} blew by

[09:48] {Threei} second chasnce

[09:49] {dino} fcx sm l .30 wide

[09:49] {dino} rtp moving up

[09:49] {Threei} 1:1 for scalpers

[09:50] {magoo} OSTK indicated HIGHER

[09:50] {shorty} Took 1:1

[09:50] {shorty} ty

[09:50] {Threei} yw

[09:50] {Threei} +5.40 OSTK

[09:50] {Threei} lol

[09:50] {Threei} CEO doesn't complain about shorts anymore I guess

[09:52] {Threei} AKRX...

[09:53] {shorty} AKRX, one of the few green ones

[09:55] {Les} gdx up but slw lagging. normally a strong stock

[09:56] {Les} might be reversal indicator, or it is simply lagging

[09:57] {ese} was just looking at that one vad

[09:57] {dino} out bwld .60,.60

[09:58] {Threei} market bounce time it seems

[09:59] {strider} out MGM +.06

[09:59] {magoo} where the RIG bounce vad?

[09:59] {Threei} let's live through numbers at 10

[09:59] {dino} bwld was +.60

[10:00] {dino} ed's are dead again

[10:00] {Threei} then see what shapes up

[10:00] {Les} l kgc .76 stop .70

[10:00] {Threei} US) MARCH FACTORY ORDERS: 1.3% V 0.0%E

[10:00] {Threei} US) MARCH PENDING HOME SALES M/M: 5.3% V 5.0%E; Y/Y: 23.5% V 19.5%E

[10:01] {Les} rinse

[10:01] {Threei} prior M/M revised higher from 8.2% to 8.3

[10:01] {Threei} - prior Y/Y revised higher from 17.3% to 17.4%

[10:01] {Threei} (US) Treasury Sec Geithner: Bank tax would raise $90B over ten years and also discourage risky behavior - Congressional testimony

[10:01] {Threei} - TARP will cost a fraction of initial estimates

[10:01] {Threei} imbecile

[10:02] {Les} there's gotta be someone out there that still believes him

[10:03] {Threei} Long Setup: WFC .75 break

[10:03] {Threei} invalidated

[10:04] {Threei} not off the radar though

[10:04] {Threei} there is something about it...

[10:04] {dino} qcom .65 sm l

[10:04] {Les} pump before the dump?

[10:05] {Les} looks like slw was on the money

[10:05] {Les} miners going down

[10:05] {strider} that's what miners do.

[10:06] {Threei} rofl

[10:06] {ese} beezzare mrkt.......nothing untoward going on out there....but!!!!

[10:06] {magoo} NLY

[10:06] {magoo} NLY

[10:06] {Les} oh piss off sti

[10:06] {Les} :P

[10:07] {strider} long QCOM .57

[10:07] {Threei} US) Fed's Bullard: No impact would be expected if the Fed decided to start selling MBS this year

[10:07] {Threei} no news yet NLY

[10:08] {ese} how does a stock like NTRI get up $3.00 and change on a day like this....up 20% sheesh

[10:08] {nemo} very high short interest

[10:08] {ese} ahhhhhhhhh

[10:09] {ese} good point

[10:09] {fernp} VXX , Vad?

[10:10] {Threei} it was very rtought one to play lately fern

[10:10] {Threei} tough

[10:10] {fernp} ok

[10:10] {Threei} it does molve as it it should in general,

[10:10] {Threei} but rinses left and right

[10:11] {Threei} have a look

[10:11] {fernp} yeah

[10:12] {Threei} if that's not an ultimate definition of 'I will shake you out no matter which side you take"...

[10:12] {fernp} BRCM also interestin

[10:12] {fernp} 34 breakdown

[10:12] {Threei} WFC, so far hectic a bit

[10:13] {Threei} but still

[10:13] {Threei} something about it intrigues me

[10:13] {Threei} .75 break still looks very interesting

[10:13] {Threei} and heck, look at its daily

[10:14] {Threei} a bit more consolidation to establish closer stop would be nice

[10:14] {Threei} so far it's .65

[10:15] {nemo} it's right up against 200 ma

[10:15] {ese} Lakrx .57

[10:15] {strider} stop QCOM .50

[10:16] {Threei} WFC is ready... any help by market and it will rocket

[10:16] {magoo} in

[10:16] {magoo} '

[10:16] {magoo} .74

[10:17] {shorty} .76

[10:17] {Threei} not a scalp for me

[10:17] {Les} mags, nly

[10:17] {magoo} NO

[10:17] {magoo} too risky

[10:18] {Threei} SP) Spain PM Zapatero: Spain and Portugal will maintain solvency, there is no reason for markets to attack Spain as its debt is below European levels

[10:19] {Threei} {markets} we will see about that...

[10:19] {Threei} 1:1 WFC

[10:19] {Threei} half out .88

[10:19] {shorty} out .88 ty

[10:19] {ese} out .55 -.02 it ain't goin anywhere

[10:19] {Threei} offer 1/4 .98

[10:20] {shorty} That was nice trade Threei.

[10:20] {magoo} out .91 TY 2k

[10:20] {ese} thought maybe a bounc but nahhhh

[10:20] {Threei} yw

[10:20] {strider} out +.12 +.17

[10:20] {Threei} had very strong intuition aboput it

[10:20] {shorty} Your on fire today magoo

[10:21] {Threei} [10:04] {Threei} there is something about it...

[10:21] {magoo} everyday:)

[10:21] {shorty} Don't hurt your shoulder Threei..:D

[10:21] {Threei} too late

[10:21] {Threei} it's permanently dislocated

[10:21] {shorty} Seriously, nice call.

[10:21] {shorty} lol

[10:22] {dino} exbd

[10:26] {magoo} poor pvt york

[10:26] {RonS} ...gary cooper...

[10:26] {Les} wasn't it the duke of york?

[10:27] {Les} who had 10'000 men...

[10:27] {Threei} uh oh

[10:27] {Threei} SP) Spain PM Zapatero: rumors of Spain seeking bailout is "complete madness"

[10:27] {Threei} - financial markets need restructuring

[10:27] {Threei} we do know what it means eh?

[10:28] {Les} denial is alive and kicking in the world

[10:30] {Threei} so far very nice day shapes up

[10:30] {Threei} let's step back for a few min and reevaluate

[10:30] {nemo} quite the battle in the .50 area for qcom

[10:30] {Threei} don't want to get cocky and spoil it

[10:31] {_york1} gm all

[10:31] {magoo} hello york

[10:31] {Les} hey york. vad let you in finally...

[10:31] {nemo} is he a terrier?

[10:31] {Threei} hi york

[10:32] {Les} you talking to me?

[10:32] {shorty} Hello yourk1

[10:32] {dino} intc gap fill from earnings

[10:32] {shorty} york...sorry

[10:32] {Threei} COIN

[10:32] {Threei} Coverted Organics Selected by Whole Foods for certain products

[10:32] {Threei} - the number of Whole Foods Marketstores offering its line of all-natural, organic fertilizers has increased from 18 stores in 2009 to 84 stores in 2010, with the Company's all-natural fertilizer products now available in two new Whole Foods Market areas, the North Atlantic and Mid-Atlantic regions.

06[10:32] * magoo slaps nemo around a bit with a large trout

[10:33] {_york1} do you have sound here?

[10:33] {Threei} no

[10:33] {Les} lol heaven forbid

[10:34] {nemo} the horrors to have to listen to Les

[10:34] {Les} hehehe

[10:34] {dino} lol

[10:34] {Threei} COIN... this thing rarely holds its gains

[10:34] {shorty} See you guys in a bit. Taking my kid to school.

[10:35] {Threei} maybe a scalp type I on pullback into support

[10:35] {Threei} we will be here shorty

[10:35] {Threei} today is different so far

[10:36] {Threei} bounces are pitiful

[10:36] {nemo} below 11k

[10:36] {Threei} selling overcomes enthusiasm

[10:36] {Threei} good

[10:36] {Threei} it was long due

[10:37] {Les} FIRE got some under its butt

[10:38] {Les} COIN can't borrow

[10:39] {Threei} Short Setup: MGM .75 break

[10:40] {Threei} stop above .85

[10:42] {magoo} WFC vad

[10:42] {Threei} not sure about it mags

[10:42] {Threei} no clean read

[10:43] {Threei} first play on it was pure, textbook kind

[10:49] {Threei} stay patient guys, this is very unclear moment

[10:49] {Threei} normally, buyers would have stepped up big time here

[10:50] {Threei} but market has all the marking of serious trend reversal now

[10:50] {Threei} and creatures of habit are not that confident

[10:50] {fernp} still valid MGM, Vad?

[10:50] {Threei} sure

[10:51] {fernp} ty

[10:54] {Threei} LVS is a tempting short too

[10:55] {Threei} Short Setup: LVS .25 if stays below .35

[10:55] {dino} itmn gap fill fast drop

[11:00] {Threei} die LVS

[11:02] {Threei} let's trail stop to above .30 now

[11:03] {Threei} LVS 1:1

[11:03] {Threei} cover half

[11:03] {Threei} scalpers know what to do

[11:04] {Les} cover kgc +.33

[11:04] {Threei} MGM, trail stop to above .80

[11:04] {magoo} red 257...man-0-man

[11:04] {Threei} told ya today felt very different

[11:04] {magoo} WHEN?

[11:04] {Threei} today

[11:04] {magoo} huh?

[11:04] {Threei} but would you listen?

[11:04] {Threei} noooo

[11:05] {Les} nly 16 b/d might be your thing mags

[11:05] {Les} cover half mgm.69

[11:06] {Threei} GS Reportedly NYSE disciplines a unit through cease and desist order (149.99, +0.49, 0.33%)

[11:06] {Threei} huh?

[11:06] {Threei} what does it mean?

[11:06] {Les} its shut down operations of a unit of GS i think

[11:07] {Les} maybe their black box :)

[11:07] {Threei} GS Reportedly NYSE disciplines a unit through cease and desist order for Execution & Clearing LP (GSEC)

[11:07] {Threei} - Goldman consents to SEC though not admitting or denying guilt

[11:07] {Threei} MGM 1:1

[11:07] {Threei} will pay civil penalty of $225K

[11:08] {RonS} ha!

[11:08] {magoo} was bumped, who?

[11:08] {Les} lunch money

[11:08] {Threei} does it mean they settle?

[11:08] {magoo} GS?

[11:09] {Threei} yeah

[11:09] {Threei} not very clear

[11:09] {Les} what. sec investigation is already finished?

[11:09] {Threei} volume spike was huge on GS

[11:10] {Threei} and 3 dollars move, lol

[11:10] {Threei} now market confused again

[11:10] {Threei} me too

[11:10] {Threei} - note: this settlement agreement is NOT related to the fraud suit filed by the SEC against Goldman.

[11:10] {Les} aaaah

[11:10] {Threei} what then?

[11:11] {magoo} look at tech goog 17 bidu 17 amzn 5

[11:12] {magoo} aapl 8

[11:12] {magoo} rimm 2

[11:15] {jfjf64} you better tk rest of day off vad

[11:15] {jfjf64} save some winners for tommorrow

[11:15] {Threei} why?

[11:15] {Threei} oh

[11:15] {Threei} lol

[11:16] {jfjf64} nice day

[11:16] {Threei} yeah, what did we have, 1 stop about 12 cents on half lot?

[11:16] {Threei} the rest worked like charm

[11:16] {jfjf64} charmming

[11:16] {magoo} OY

[11:16] {Threei} see? magoo doesn't find me charming

[11:17] {Threei} I am hurt

[11:17] {Threei} wait... no one else does, in fact

[11:18] {Threei} from market update:

[11:18] {larisa} look closer to you : wife, kids.. cat :)

[11:18] {Threei} - Fears of European debt contagion is the central issue this morning, with rumors and speculation heightening anxiety and prompting denials from European leaders. There was chatter that Spain was already asking for an aid package nearly twice as large as Greece's going around, ramping the risk aversion, smacking EUR/USD down to one-year lows just above 1.300 and sending the Portuguese and Spanish equity markets down 4-5% apiece.

[11:18] {Threei} thank you larisa, you are kind soul

[11:18] {Threei} they all tolerate me... cat, yes, cat likes me

[11:19] {larisa} see

[11:19] {shorty} Anything on the radar? My PC shut down.

[11:19] {Threei} I am bout the only one not taking away treats and letting walk on countertops

[11:19] {Threei} not right now shorty, need to let market digest latest move

[11:19] {nemo} clf

[11:19] {shorty} ty

[11:20] {larisa} RIMM was not readable bottom.. AMZN was readable, but did not take it, scary :)

[11:28] {Threei} 25% Have Favorable Opinion of Immigration Rights Protesters, 50% Unfavorable

[11:31] {Les} Gordon Brown was caught on mic calling one voter who questioned him about immigration a bigot

[11:31] {Les} Goodbye Gordon Brown

[11:32] {Threei} yeah

[11:32] {larisa} I want to bet we will end the day in green :)

[11:32] {Threei} well, to be fair he was toast before that too

[11:32] {Threei} it was just the last nail in the coffin

[11:33] {Threei} ok guys, most likely bounce time

[11:33] {Threei} but let's make it all discretionary,

[11:33] {Threei} easy money is made

[11:33] {Threei} so, what I suggest is:

[11:33] {Threei} if you like any play out of those I'll outline,

[11:33] {Threei} do them on decreased shares

[11:34] {Threei} and decide on the minimal amount you go home with

[11:34] {Threei} kind of trailing stop on your account, protecting profit

[11:35] {dino} qqqq l .40

[11:36] {Les} esi

[11:39] {ese} L qqqq .41

[11:39] {ese} with ya dino

[11:41] {ese} ahhhhh more .42 than .41

[11:41] {ese} .4176235

[11:46] {Threei} Long Setup: WFC .20 break

[11:46] {Threei} if stays above .15

[11:47] {Threei} 11:42:13 AM

[11:47] {Threei} Research in Motion Ltd Planning a Blackberry tablet product - Blackberry Leaks blog

[11:47] {Threei} - Blog post cites contact within RIMM. Contact claims the tablet will be smaller than iPad, codenamed "BlackPad."

[11:47] {Threei} - Tablet will feature full BlackBerry OS compatibility and functionality.

[11:47] {Threei} - Product reportedly to be released in early 2011.

[11:50] {Threei} WFC over 1;1

[11:50] {nemo} 1:1

[11:53] {Threei} AVNR Canaccord Adams adds to Best Ideas List (timing uncertain)

[12:07] {shorty} possible b/o for CIEN Threei?.46

[12:12] {Threei} I doubt it

[12:12] {Threei} market went into coma

[12:12] {shorty} It did

[12:24] {dino} b-day fast approaching

[12:24] {dino} qqqq stropped

[12:24] {ese} stopped as well

[12:25] {ese} nvda filling the gap

[12:25] {ese} this should bounce

[12:26] {ese} relentless selling today

[12:26] {dino} 14.20s

[12:28] {ese} Q is may 13th.......shaking out weak hands would imagine.....then up for the q

[12:29] {Threei} Long Setup: BP .50 break half lot

[12:29] {Threei} if stays above .40

[12:32] {Threei} over 1:1

[12:32] {Threei} can't believe how easy today is

[12:33] {magoo} u know u cursing us with that statemt

[12:33] {Les} half out .61

[12:33] {Threei} payback will come anyway

[12:33] {Threei} may just as well enjoy today

[12:33] {Threei} and do what I always do when payback comes: limit risk strioctly

[12:34] {Threei} sit out most of drawdown with smallest losses possible

[12:34] {Threei} and resume winning streak

[12:35] {Threei} the sheer ratio of winners today by itself is not surprizing,

[12:35] {Threei} wha is surprising:

[12:35] {Threei} it happens on a day of big change in the market mood

[12:35] {Threei} those days are usually losers for me

[12:35] {Threei} as I go through readjustment

[12:36] {Threei} this is a part of the process

[12:36] {magoo} sorry, what were u saying he he

[12:36] {Threei} I guess waitinf for the reversal for a long time tuned me in

[12:36] {Threei} never mind mags

[12:36] {Threei} I did use more than 3 words with more than 3 syllables

[12:36] {Threei} sorry

[12:36] {Threei} overstrained myself, too

[12:37] {magoo} well "accidentally" took 2k again he he

[12:37] {magoo} needed focus

[12:37] {Threei} lol

[12:37] {Threei} 1:2 BP

[12:37] {Threei} beautiful and not obvious setup at all

[12:37] {magoo} all out

[12:37] {magoo} .66

[12:37] {Threei} it was a bounce into resuistance

[12:38] {Threei} which normnally in such formation would be a short

[12:38] {nemo} support?

[12:38] {Threei} ?

[12:38] {nemo} oh, I see

[12:38] {nemo} yeah, why'd you think it long?

[12:39] {Threei} honestly or hindsight?

[12:39] {dino} intc l .49

[12:39] {dino} itt l .90

[12:41] {dino} rtp l .85

[12:41] {magoo} someone anticipating a bounce

[12:41] {Threei} who could that be

[12:42] {shorty} My cheq for Threei

[12:42] {dino} close -89 dji

[12:42] {Threei} IMF confirms no truth to rumors that Spain requested a bailout

[12:42] {dino} sounds familiar

[12:42] {Threei} very

[12:42] {larisa} I am still waiting on BP explanation threei :)

[12:43] {Threei} "we don't need to raise any more capital" comes to mind

[12:43] {dino} bp: imf confirms no request from bp too

[12:43] {Threei} which one larisa.. honest or constructed in hindsight? :)

[12:43] {Threei} ok, both

[12:43] {Threei} honest: strong gut feel

[12:43] {Threei} hindsight:

[12:44] {Threei} .50 was obviously important level around which BP danced a lot today from both sides,

[12:44] {Threei} it had to serve eaither as resistance to reject the bounce and lead to short

[12:44] {Threei} or resistance to be broken and lead to long,

[12:45] {larisa} it had perfect bullish divergence at .40. was surprised you saw that though :)

[12:45] {Threei} with this protracted market selling and pause, surprise was ready to present itself,

[12:45] {Threei} and with BP being in green (on of few sianlds of green in the sea of red),

[12:45] {Threei} I'd assume surprise was likely to be on a long side

[12:46] {Threei} sheesh... why would my clayroviance surprise you... :(

[12:46] {Threei} :((

[12:46] {Threei} give me a gun someone, life is not worth it anymore

[12:47] {Les} waiting till end of session please

[12:47] {larisa} you are too emotional today. it was not your kind of play, thats why

[12:47] {Threei} me? emotional?

[12:47] {Threei} lol

[12:47] {larisa} but gut feel explains it :)

[12:48] {dino} as i always say, trust the gut

[12:49] {Threei} but fill it with beer first

[12:49] {larisa} some people just do not have it :)

[12:49] {Threei} dino, she just called us fatties

[12:52] {dino} been called worse

[12:52] {larisa} lol

[12:53] {Threei} well, but she also called me emotional on top of that

[12:53] {dino} that i have never been called, unemotional, sure

[12:54] {Threei} caught me off guard too... all I heard before was rather "don't you feel anything at all??"

[12:54] {dino} roflol

[12:54] {dino} or "what are you thinking"

[12:55] {Threei} yeah, that's a puzzling one considering that I disclose total absence of thinking in advance

[12:55] {Threei} abhorrence even

[13:02] {Threei} ITMN Halted: News pending

[13:02] {Threei} - Note: ITMN is expected to have an announcement from the FDA on Pirfenidone for Idiopathic Pulmonary Fibrosis

[13:02] {Threei} - Reminder: on 03/09 FDA Panel recommends approval for Pirfenidone for Idiopathic Pulmonary Fibrosis in 9-3 vote. Panel votes 9-3 that Pirfenidone can be considered safe. Panel votes 7-5 that data is sufficient showing Pirfenidone is effective.

[13:03] {Les} dino, what do you make of FIRE? breakout material?

[13:05] {Threei} multiple arrests in Pakistan connected to Times Square bombing attempt

[13:05] {Threei} why do I not feel reassured by speedy arrests

[13:06] {Threei} second time in a short while attack fails solely because of incompetence of would-be bombers

[13:06] {Les} yeh... living on borrowed time

[13:06] {Threei} exactly

[13:06] {Threei} pure luck

[13:07] {Threei} both Christmas plane and this NY car bomb were totally successful as far as sneaking by authorities goes

[13:07] {Threei} by security rather

[13:11] {Les} ty dino. your long entries led me to esi long. out +.34

[13:12] {Les} time to make dinner

06[13:12] * Threei slaps Les around a bit with a large roll of cash

[13:19] {nemo} yeah, only reason they caught him was the airline called the feds because I guy just bought a ticket with cash and no luggage

[13:20] {Les} vad, what do you make of fire? looks like ascending triangle to me.

[13:20] {nemo} Actually, the gate had already been retracted from the plane

[13:23] {dino} i like fire long

[13:26] {Threei} dunno, i don't see any play at all on it

[13:28] {Les} me too, just lacking a bit of volume

[13:31] {magoo} dip buyers are upon us

[13:34] {strider} You gusy playing with fire, I see.

[13:34] {strider} guys

[13:35] {_york1} are you on lunch break?

[13:35] {Threei} who?

[13:35] {nemo} coma

[13:35] {_york1} funny

[13:36] {strider} Vad's always on lunch break.

[13:36] {nemo} vodka break

[13:36] {Threei} just inactive market, we are waiting it out

[13:36] {strider} Or, as we say, out to lunch.

[13:37] {_york1} How many trades do you take on average per day?

[13:38] {nemo} 6

[13:38] {Threei} depends on market activity

[13:38] {Threei} anywhere from 3-5 to 15-20

[13:38] {_york1} thanks

[13:39] {_york1} Threei..... is that Val?

[13:39] {Les} that's his female alter ego

[13:39] {Threei} Vad rather

[13:39] {_york1} sorry

[13:39] {Threei} yourk, could you please change to black?

[13:40] {Threei} colors are for alerts, less confusion

[13:40] {_york1} no problem, understand

[13:40] {strider} coming in black here.

[13:40] {Threei} ty

[13:41] {Threei} strider... you really need to get to 21st century, those B&W monitors are a bit outdated

[13:41] {strider} b&W? no way. I;ve got 64 shades of grey.

[13:42] {_york1} Vad, saw the interview on website, very impressing to me

[13:42] {Threei} thank you

[13:42] {shorty} I trade off of my commodore 64.

[13:42] {strider} You trade on the john?

[13:43] {nemo} oh jeez

[13:43] {nemo} that's a stretch...you must be bored strider

[13:43] {Les} ah you're a German york?

[13:43] {strider} I knew you'd get it.

[13:44] {strider} Mr. potty humour.

[13:44] {_york1} yes how did you know?

[13:44] {nemo} noch ein Deutscher...

[13:44] {Threei} quite a few europians

[13:45] {nemo} can you make potty humor out of that strider?

06[13:45] * Threei slaps KSystems around a bit with a large map of Germany

[13:45] {shorty} Great, I am french and surrounded by Germans again!

[13:45] {strider} sure. and you know how.

[13:45] {nemo} you're name maginot shorty?

06[13:45] * Threei slaps Les around a bit with a large map of Switzerland

[13:45] {shorty} lol

[13:45] {nemo} yea Your a pean

[13:45] {Threei} who let fern out?

[13:46] {nemo} your name

[13:46] {Threei} I have a map of Spain to slap him with

06[13:46] * Threei slaps jfjf64 around a bit with a large map of Italy

06[13:47] * Threei slaps nemo around a bit with a large Antarctica

[13:47] {nemo} crissakes, never been hit by a continent before

[13:47] {Les} cause york is a perfectly good German name :)

[13:48] {nemo} Greek

[13:48] {ese} L nvda .65

[13:48] {ese} scalping big time

[13:50] {strider} BP is in denial. Also in de gulf.

[13:50] {ese} out 15k .70 +.05

[13:50] {strider} spike

[13:50] {ese} balance to break even

[13:50] {dino} too

[13:51] {shorty} 15k! Nice

[13:51] {dino} too fast]

[13:51] {Threei} ese is back in the saddle

[13:52] {shorty} c/h forming on CIEN THreei?

[13:52] {dino} \out fire +.25 ty les

[13:52] {ese} out remaining 10k .72

[13:52] {ese} +.07

[13:52] {shorty} ese, that awesome

[13:52] {Threei} can't tell really shorty

[13:52] {shorty} is

[13:52] {shorty} ty THreei

06[13:53] * Threei slaps ese around a bit with a large roll of cash wrapped in a map of Vancouver Island

[13:53] {ese} haven't done much of that lately........

[13:53] {ese} could smell that one though

[13:54] {ese} but thats what i need for today because i have to go and teach choir....see you tomorrow

[13:54] {shorty} Bye ese

[13:54] {Threei} take care ese

[13:54] {ese} cya

[13:56] {dino} cya and gj es

[13:59] {Threei} PSID Hearing vague rumour company may receive large contract for glucose breath testing device (timing uncertain) (1.52, +0.10, 7.04%)

[13:59] {Les} out fire +.14 missed the top

[13:59] {dino} magoo could use a breath testing device

[14:00] {Les} hmmm. is that his secret?

[14:01] {dino} out intc +.12

[14:13] {Les} AMZN still on the floor here. might by picking itself up now

[14:15] {strider} Does this strike you all as funny?

[14:16] {strider} : For investors, eBay's a better bet than Amazon.com, WSJ says

[14:16] {strider} Investors weighing Amazon.com (AMZN) and eBay (EBAY) may be better off with eBay, according to the Wall Street Journal's "Heard on the Street." While shoppers may prefer Amazon's bargains, investors are attracted to the growing success of eBay's PayPal system

[14:16] {Threei} huh?

[14:16] {strider} IOW, consumers like AMZN.

[14:16] {strider} But investors should buy something else?

[14:16] {Threei} apples to oranges

[14:17] {Threei} different set of customers, different purposes, dfifferent business model

[14:17] {Les} my Murdoch has invested in ebay?

[14:17] {Threei} overlapping in some areas, sure

[14:18] {Threei} but INTC and GILD customers overlap too, both groups use tilet paper

[14:18] {RonS} 3i, bp on a 51.30 break w/ mkt help?

[14:18] {strider} God, you mean I might have something in common with nemo?

[14:18] {Threei} so rry strider

[14:19] {Threei} such is reality

[14:19] {RonS} ...corn cobs...

[14:19] {Threei} Ron, it's too far from there to say anything definite

[14:19] {nemo} 51.30?

[14:19] {Threei} see, the major consideration is:

[14:19] {dino} itt stopped -.35

[14:19] {Threei} HOW it gets there

[14:19] {RonS} bp's yesterday's hod...

[14:19] {Threei} while that resistance is meaningful by itself,

[14:19] {Threei} consider two cases:

[14:19] {shorty} Pullback entry for VVUS Threei?

[14:20] {Threei} A: BP spikes sharply from current price into .30

[14:20] {Threei} B BP crawls up slowly, consolidates under .30, then breaks

[14:20] {Threei} which case is a valid breakout and which is trap?

[14:20] {RonS} b

[14:20] {RonS} a

[14:21] {Threei} there you go

[14:21] {RonS} ...guess i am learning something...

[14:21] {Threei} shorty, as an idea yes, as this particular level - no

[14:22] {shorty} What would you look for?

[14:22] {Threei} not sure yet

[14:24] {RonS} ...man, someone is defending euro 1.310...

[14:25] {RonS} ...would love to see a 1.30 break so we could get a washout and reverse...

[14:26] {Threei} euro is so toast...

[14:26] {Threei} they can band-aid it for years, but eventual result will be the same

[14:28] {RonS} 1.310 should be 1.3010

[14:34] {Les} vad, bounce hunt for AMZN?

[14:34] {Threei} GS Fairholme reportedly discloses large stake in Goldman Sachs (151.79, +2.29, 1.53%)

[14:34] {Threei} surefire way to spoil your day Les

[14:35] {Les} :O

[14:35] {Threei} seriously... want to try it on paper?

[14:35] {Threei} it's a widowmaker today

[14:37] {magoo} les, u need to recognize the EASIER p[lays

[14:38] {Les} aapl?

[14:38] {Threei} lol

[14:38] {Les} ;)

[14:38] {magoo} NO..but maybe GS HE HE

[14:38] {Threei} or AMZN short on .50 break

[14:41] {Threei} what else is easy out there

[14:41] {Threei} oh, GOOG

[14:41] {nemo} bidu

[14:41] {Les} IN

[14:43] {Threei} did you pick the direction or closed your eyes and clicked?

[14:44] {Threei} US) Senator Leahy (D-VT) plans to back pending legislation that would curb credit card companies' "swipe fees"

[14:44] {RonS} toilet paper again?

[14:44] {Threei} so, Leahy thinks cradit card companies should provide service for free?

[14:44] {Les} I actually wanted long, based on behaviour of stock at 14:08

[14:45] {Threei} - Bill would limit the ability of credit card industry to charge merchants small fees on each transaction.

[14:45] {Threei} - The fees bring the credit card industry $40B a year in revenue.

[14:45] {Les} see bear trap before bounce at 14:10?

[14:45] {RonS} ...he thinks only Congress shoudl get a fee for swiping...our money.

[14:46] {Threei} Les, I think with spread over a dollar you can find ant kind of plays even when the stock doesn't move at all, LOL

[14:46] {RonS} clf lod

[14:46] {Les} alright alright

[14:46] {nemo} fas too

[14:47] {Les} vad, MGM read here?

[14:48] {Threei} unless market makes a really significant move, it's pretty much done

[14:48] {Les} done for, or done going down?

[14:49] {Threei} done moving

[14:49] {Threei} any direction

[14:49] {Les} ok

[14:51] {shorty} Any read on UAUA?

[14:52] {Threei} .50 break was valid short setup... nothing here,

[14:52] {Threei} and I am hesitant to touch it at all

[14:52] {Threei} because of merger situation

[14:52] {shorty} ty

[14:53] {Threei} GS

[14:53] {Threei} 151 break

[14:55] {RonS} euro broke 130...

[14:55] {Threei} EUR/USD Breaks the 1.3000 level for first time since April 2009

[14:59] {_york1} to stupid to login

[15:00] {Threei} hey, I have a feeling tou'll fit right in

[15:01] {Threei} we discourage any brain work whatsoever

[15:01] {Les} hehehe took the words right out of my mouth

[15:01] {nemo} sure that wasn't your foot les?

[15:01] {Les} hahhahahhahahahaha

[15:01] {Les} good one

[15:01] {shorty} lol

[15:02] {Threei} people who can spell words longer than 3 syllables... what are they good for

[15:02] {nemo} spelling words longer than 3 syllables

[15:02] {Threei} well, other than to spell words longer than 3 syllables

[15:02] {Threei} lol nemo

[15:06] {Les} amzn 129

[15:09] {Threei} Hearing Sanford Bernstein making positive comments on offshore drilling (timing uncertain)

[15:09] {Threei} - Discloses this is positive for for NE, PDE, RDC, ESV; Adds that BP and APC are oversold and would be buyers

[15:09] {strider} BP, huh. OK, 3i, you start.

[15:09] {Threei} well

[15:10] {Threei} I too think it's oversold

[15:10] {larisa} turtles, fish and shrimps do not agree

[15:10] {strider} And i likes me shrimp.

[15:11] {Les} well 'eat em and die' is the new motto

[15:11] {Les} consumers of scottish farmed salmon are on notice that more than 3 serves a year increases cancer risk significantly

[15:11] {Les} guess you guys are gonna have to live with it too

[15:12] {strider} Ah, a little texas tea is good for you.

[15:12] {Les} like a hole in the head

[15:13] {dino} hmmm, i was thinking hard lemonade

[15:17] {Threei} why does it matter how advisers kept persident "abreast" of search and how many times he was briefed yestyerday before the arrest?

[15:18] {Threei} news reporters can be so stupid sometimes

[15:18] {nemo} Iain Anderson raises salmon in Scotland

[15:18] {Les} so unlike BP incident, president can be seen to be 'on top of it'

[15:18] {Threei} " we were just informed that the president was briefed 6 times yesterday"...

[15:19] {Threei} he had valuable insight how to proceed?

[15:19] {Threei} presonally coordinated the search?

[15:20] {Les} does help avoid asking embarrassing questions

[15:20] {Threei} Long Setup: BP .80 break

[15:20] {Threei} if stays above .70

[15:20] {Threei} half lot

[15:20] {Threei} discretionary

[15:23] {magoo} in

[15:24] {Threei} over 1:1

[15:24] {magoo} out .91 2k (oops)

[15:24] {shorty} out .87

[15:24] {Threei} it's official:

[15:24] {Threei} turtles, fish and shrimps are not my financial adisors

[15:24] {Threei} sorry larisa

[15:24] {magoo} ty boss

[15:24] {Threei} welcome sir

[15:24] {larisa} who is?

[15:25] {Threei} not sure... but not these sea creatures

[15:25] {magoo} i guess my half lot is 2k today

[15:25] {shorty} Oh ya...thank you Threei

[15:25] {Threei} sure thing

[15:26] {Threei} maybe moth

06[15:26] * magoo slaps Threei around a bit with a large trout

06[15:26] * magoo slaps _funky10 around a bit with a large trout

06[15:26] * magoo slaps _york1 around a bit with a large trout

[15:26] {Threei} what did I do?

[15:26] {_york1} may I ask, what were your fills on BP long ?

[15:26] {magoo} just letting u know i can

[15:26] {Threei} why am I being trouted

[15:26] {Threei} new guys, OK

[15:26] {Threei} that's what new guys are for

[15:26] {magoo} .77

[15:26] {magoo} 200 shares

[15:26] {shorty} magoo is our forum goon.

[15:27] {magoo} 2000

[15:27] {magoo} shares

[15:27] {_york1} great

[15:27] {Threei} Les and shorty, fine, they are relativelt recent arrivals and are low in pecking order

[15:27] {magoo} yea shorty, u too new to say that about me

[15:28] {Les} oh come on, what's a person got to do around here before we're no longer newbies?

[15:28] {Threei} lol

[15:28] {magoo} i practically founded room with vad

[15:28] {shorty} Threei.......???

[15:28] {nemo} get through your rookie year

[15:28] {shorty} Sorry, you are the MUSCLE of this forum.

[15:28] {magoo} hence.....................

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

[15:28] {nemo} and forthwith................

06[15:29] * nemo slaps _york1 around a bit with a large daytrading course

[15:29] {Threei} speaking of those who are here since inception

[15:29] {Threei} Larisa

[15:29] {Threei} Raven

[15:29] {Threei} jmb

[15:29] {nemo} birthers

[15:29] {shorty} What year was that Threei?

[15:29] {Threei} ummm

[15:29] {Threei} 2000

[15:29] {magoo} this year

[15:29] {Les} fair enough. we can't all be dinosaurs

[15:29] {nemo} you're making him think

[15:29] {Threei} lol

[15:30] {Threei} BP 1:2

[15:30] {Threei} see larisa? shrimp don't get it

[15:31] {larisa} any of Bp drills in your area vad?

[15:32] {Threei} not that I am aware of

[15:32] {RonS} ...only nuclear subs...

[15:32] {Threei} 1:3

[15:33] {shorty} And a drunk captain of an oil ship

[15:33] {larisa} good, shrimp can be vindictive

[15:33] {Threei} they are very good here

[15:33] {Threei} my personal shrimping season is Sept - Nov

[15:34] {dino} always picking on the little guy

[15:34] {Threei} about Nov 20st they disappear... don't know why

[15:34] {RonS} ...and I thought it was every day now with Shorty...:D

[15:34] {Threei} as if they have calendar

[15:34] {shorty} I remember as a kid going to the Island and picking clams from the beach. My mother would make us a big pot of clam chowder.

[15:35] {larisa} my fave soup

[15:35] {shorty} lol RonS

[15:35] {Threei} I just throw them on BBQ

[15:35] {dino} good soup

[15:35] {shorty} People forget that 11 people died on that oil rig too.

[15:36] {larisa} try wrapping them with bacon vad

[15:36] {Threei} that I do with scallops

[15:36] {shorty} Bacon and shrimp, there is none higher.

[15:37] {shorty} I might get a lobster today, making me hungry.

[15:38] {RonS} ...isn't that against the law where you live shorty?

[15:38] {RonS} ...beef only...

[15:38] {Threei} no, you can get it - you just must clean 1 sa mile of municipal propert of snow first

[15:38] {Threei} sq mile

[15:38] {shorty} lol......I don't eat cow

[15:39] {Threei} that's why no one eats it in July

[15:39] {Threei} the rest of months is fair game

[15:39] {shorty} Threei....just...nevermind.

[15:39] {fernp} good evening everybody. see you all tomorrow

[15:39] {RonS} ...no talking about spouses here...oops...

[15:39] {Threei} take care fern

[15:39] {RonS} cya fern

[15:40] {shorty} Bon soir fernp

[15:40] {shorty} That is a totally different animal RonS

[15:41] {RonS} ...big selling coming in...

[15:41] {Threei} wow, winishing at the lows?

[15:41] {Threei} finishing

[15:41] {Threei} I'd say so Ron

[15:41] {RonS} ...watching the order flow...

[15:41] {Threei} last one}

[15:41] {Threei} LVS

[15:41] {Threei} short

[15:41] {Threei} .64

[15:42] {Threei} invalidated

[15:44] {magoo} sad to see the end of the unstoppable rally

[15:45] {Threei} nah

[15:45] {Threei} was getting long in the tooth

[15:45] {Threei} tough to trade

[15:45] {Threei} need t shake off some enthusiasm

[15:46] {Threei} just compare:

[15:46] {dino} well, ndx -4.9%

[15:46] {Threei} last months of the rally we had to get all out plays in the first 60 minutes

[15:46] {Threei} after that, market was dead

[15:46] {Threei} run into couple stops in the morning, almost no chance to redeem

[15:47] {Threei} today activity was much more evenly spread

[15:47] {Threei} still morning is the most active, sure, but still

[15:47] {shorty} My BP stop today hit hard

[15:47] {Threei} hmm?

[15:47] {Threei} there was just one, and it was slightly over 10 cents

[15:48] {dptl} good evening all..see ya tomorrow

[15:48] {shorty} I had my stop set, but it dipped so fast that I got stopped at a lower price.

[15:48] {RonS} cya dp

[15:48] {Threei} vs I don't know how many winning ones, of all thinkable sizes

[15:48] {Threei} take care dp

[15:50] {_york1} I trade futures nornally. How much slippage do you get on stocks?

[15:50] {Threei} stocks are not created equal

[15:50] {Threei} some are thin, some are thick

[15:50] {Threei} thin ones carry bigger possible slippage

[15:51] {Threei} thick ones practically zero

[15:51] {nemo} yeah, definitely a chance for a sygmoidoscopy

[15:51] {Threei} also, diff brokers offer different quality of executions

[15:51] {_york1} AND BP for example?

[15:52] {_york1} I have IB account

[15:52] {Threei} BP is mid pack

[15:52] {Threei} can be dangerous sometimes

[15:52] {Threei} when conditions become very fast

[15:52] {Threei} under nortmal conditions, not too bad

[15:52] {Threei} but today if you noticed most calls on it were :half lot"

[15:53] {Threei} which was toa ccount for its heightened volatility

[15:53] {nemo} for which Magoo doubled up

[15:53] {Threei} well... magoo has his own ideas how to interpret my words

[15:53] {Threei} he doubles when I sat careful

[15:53] {magoo} nemo, u mean x 4

[15:53] {nemo} he has trouble with your accent

[15:53] {Threei} triples when I say very dangerous

[15:53] {shorty} Have a good night all. Thank you Threei.

[15:54] {magoo} 500 x 4 =2k

[15:54] {Threei} take care shortt

[15:54] {RonS} cya shorty

[15:54] {_york1} do you have a 10 tick stop on scalp trades?

[15:54] {Threei} stop is ddictated by chart

[15:54] {magoo} WAITTTTTTT shorty

06[15:54] * magoo slaps shorty around a bit with a large trout

[15:54] {shorty} duck

[15:55] {_york1} I see

[15:58] {Threei} FBI guy says bomber was complete dunce

[15:58] {Threei} I am telling you... incompetence of attackers is our most effective line of defense

[15:59] {Threei} scary thought bujt we are biound to run out of luck sooner or later

[15:59] {larisa} later all :)

[16:00] {Les} nighty night

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {RonS} great day...thanks 3i

[16:00] {Threei} see you tomorrow

[16:01] {Threei} ITMN Receives complete response letter from FDA: no approval at this time

[16:04] {_york1} thanks Vad