Mar 20 2009

Not surprisingly for the Friday after such an eventful week, this was not very active day. A few early scalps on FAS and BAC and nice $1+ win on FAZ allowed us to stay mostly inactive in the afternoon. Next week should be interesting.

Session Time: Fri Mar 20 00:00:00 2009

[08:23] {Threei}  Good morning

[08:24] {nemo} Haroo

[08:24] {Threei}  (EU) FRENCH PRESIDENT SARKOZY: EU HAS AGREED TO DOUBLE THE EMERGENCY FUND FOR CENTRAL AND EASTERN EUROPEAN NATIONS TO 50B

[08:24] {Threei}  - Clarifies that the EU's contribution to the IMF will be 75B.

[08:24] {Threei}  - Notes the EU backs the De Larosiere Report on reforming financial regulation.

[08:24] {nemo} Well, at least more countries are debasing there currencies...We'll all meet at the bottom

[08:25] {Threei}  - Reminder: On 3/18, Former IMF managing director and ex-Bank of France Governor De Larosiere told the FT that he wants the EU to create bodies to coordinate oversight and form a "European Systemic Risk Council" that would be chaired by the ECB

[08:25] {Threei}  I don't know if that's that straightforward

[08:26] {Threei}  gold/oil bugs oversimplify situation I think

[08:26] {Threei}  their line of thinking:

[08:26] {nemo} what, debasing currencies?

[08:26] {Threei}  USD prints money,

[08:26] {Threei}  otger countries do too,

[08:26] {Threei}  so paper currencies devaluate against gold/oil

[08:27] {Threei}  but this l.ogic takes us back to $200 oil

[08:27] {Threei}  or $500

[08:27] {Threei}  or whatever

[08:28] {Threei}  so he next question is

[08:28] {Threei}  can economy function with that kind of prices?

[08:28] {Threei}  certainly didn't look like that just last summer

[08:28] {Threei}  aand if not, oil will be knocked back down again

[08:29] {Threei}  so question remains... devaluation against what?

[08:29] {Threei}  plus, there is deflation camp that argues we can't have deflation until money supply exceeds debt

[08:30] {Threei}  sorry, can't end deflation

[08:30] {Threei}  and switch to inflation

[08:30] {Threei}  and so far all those trillion here trillion there haven't even started making dent in debt

[08:31] {nemo} isn't that trillion debt?

[08:32] {Threei}  UASUA

[08:32] {Threei}  GUIDES Q1 RPM -13.5-14.5%, ASM -11.7% Y/Y - FILING

[08:32] {Threei}  UAUA

[08:35] {Threei}  http://globaleconomicanalysis.blogspot.com/2009/02/fiat-world-mathematical-model.html

[08:35] {Threei}  here is the theory

[08:35] {Threei}  better than my bastardized version

[08:35] {Threei}  (IA) IRANIAN SUPREME LEADER ALI KHAMENEI: WORLD POWERS KNOW THEY CANNOT BLOCK IRAN'S NUCLEAR PROGRESS, MAKES NO MENTION OF PRESIDENT OBAMA'S MESSAGE

[08:35] {Threei}  - Ali Khamenei's remarks come in response to President Obama's offer that the US is ready to address a full range of issues with Iran and pursue constructive ties.

[08:37] {cosmo} Barky can handel it....

[08:38] {nemo} why fas go vertical

[08:38] {Threei}  don't see anything

[08:38] {Threei}  unless that Iranian headline is something to prop the market

[08:39] {Threei}  or

[08:39] {Threei}  (EU) EU'S BARROSO: 'CONCRETE LINES' HAVE BEEN AGREED FOR UPCOMING G-20 SUMMIT

[08:39] {nemo} Mmmmhhhh....that's right G20 this weekend...why get together now unless something will come out of it

[08:41] {cosmo} to hear obama?

[08:41] {cosmo} speak?

[08:41] {nemo} oy

[08:42] {Threei}  (GE) GERMAN FIN MIN STEINBRUECK: HAVE TO BE CAREFUL THAT SOME EU NATIONS DON'T FALL INTO FINANCIAL DIFFICULTY

[08:42] {Threei}  god forbid someone experience financial difficulty

[08:43] {cosmo} its all so ....relative

[08:44] {Threei}  BOA CHIEF ECONOMIST LEVY: SEE A LIGHT AT THE END OF THE TUNNEL FOR HOUSING;

[08:44] {Threei}  HOUSING DEMAND SHOULD STABILIZE IN 2H 2009 - RADIO INTERVIEW

[08:45] {cosmo} uh oh ... that train again

[08:47] {pita} gm all

[08:47] {Threei}  pita :)

[08:54] {pita} trying again to reach KS thru web browser.  KS, you there?

[08:54] {Threei}  not at the moment I think

[08:54] {pita} ty

[08:56] {pita} Vad, also trying to access Inteliscan.  Does it populate pre-mkt?  Have green bars but no data stream.

[08:56] {Threei}  there is a pre-post market scan

[08:56] {Threei}  hold on, I'll find the configuration

[08:59] {i2romantis} morning all :)

[08:59] {Threei}  i2r :)

[09:00] {vinod} good morning

[09:00] {Threei}  vinod :)

[09:00] {i2romantis} Vad, vinod :)

[09:00] {magoo} morning

[09:00] {Threei}  pita, right click on the window,

[09:00] {Threei}  magoo :)

[09:00] {i2romantis} mag :) 

[09:00] {Threei}  Configure,

[09:00] {Threei}  Standard strategies,

[09:00] {Threei}  scroll down to find:

[09:00] {vinod} will take a week to finish book and video and cd

[09:01] {Threei}  Up big in Pre Market

[09:01] {Threei}  Down Big in Pre Market

[09:01] {Threei}  I had a configuration uniting them in one window but can't find it on the fly

[09:01] {Threei}  maybe mags has it

[09:01] {magoo} has what?

[09:02] {Threei}  pre and post market

[09:02] {magoo} on scanner?

[09:02] {Threei}  yes

[09:02] {Threei}  in one window

[09:02] {dino} gm all

[09:02] {Threei}  dino :)

[09:05] {ese} morning

[09:05] {Threei}  ese :)

[09:06] {ese} morning vad

[09:06] {Threei}  mags... suspence is killing us

[09:06] {Threei}  do you have that or not?

[09:07] {magoo} i have 2 seperate windows

[09:07] {Threei}  ok

[09:07] {magoo} 1 pre 1 up

[09:07] {magoo} 1 pre down

[09:07] {magoo} sorry..majking my rounds

[09:10] {Threei}  funny

[09:10] {Threei}  now it's 4 windows actually

[09:10] {Threei}  down and up separately for pre and post market

[09:11] {Threei}  I used to have it all in a single window

[09:11] {pita} thanks Vad, working on configuration

[09:11] {Threei}  will dig it out

[09:11] {Threei}  :)

[09:14] {vint} good morning all

[09:15] {Threei}  vint :)

[09:15] {magoo} yea..i have 4 windows

[09:16] {Threei}  after quite an eventufl week, we have three possibilities for today

[09:16] {Threei}  1. rally resumption after yesterday's pullback

[09:17] {Threei}  2. selloff resumption after bounce, continuation of yesterday's selling

[09:17] {Threei}  3. meek day with traders not wanting to commit to anything

[09:17] {Threei}  I've no slightest idea which one has better odds

[09:19] {Threei}  going to take it slowly, on play by play basis

[09:20] {Threei}  and stay with idea of better miss something than opush for the play that isn't there

[09:20] {Threei}  we handled this week beautifully, not going to spoil it before the weekend

[09:21] {vint}   Bernanke to speat at noon, not sure whether it will have any impact

[09:25] {cosmo} ERIC pre mkt high = 8.57   fwiw

[09:32] {Threei}  watching RIMM for bounce if sells down to 42.40 - .50 area

[09:33] {Threei}  FAS is trying to form bottom

[09:33] {Threei}  if holding above .50, .60 break is long

[09:34] {magoo} BAC clubbed vad

[09:34] {magoo} read?

[09:34] {Threei}  same as FAS

[09:34] {Threei}  .60 break entry is .50 holding

[09:35] {Threei}  FAS invalidated

[09:35] {dino} mant wide spread

[09:36] {Threei}  one more leg down and should be bounce-ready

[09:36] {Threei}  or .50 break with stop under .40

[09:36] {magoo} which?

[09:36] {Threei}  FAS

[09:37] {Threei} Long Setup:  RIMM  .80 break half lot

[09:37] {Threei}  grr

[09:37] {Threei}  late

[09:37] {Threei}  ok pulled back for entry

[09:37] {Threei}  stop under .60

[09:37] {magoo} .83 in

[09:37] {vinod} in bac 6.60

[09:38] {Threei}  a bit too high for BAC

[09:39] {vinod} 0ut 6.68

[09:39] {Threei}  after it lost support, setuip has changed

[09:39] {Threei}  same way as we changed FAS setup

[09:40] {vinod} thanks

[09:40] {dino} scanners going red

[09:40] {fernp} Hello everybody

[09:40] {Threei}  fern :)

[09:41] {Threei}  FAS invalidated again

[09:41] {Threei}  look at BAC now vinod

[09:42] {Threei}  aren't you glad you abandoned that ship

[09:42] {vinod} yes, learning and cinfuse also

[09:43] {dino} mant most likely wants gap fill

[09:43] {Threei}  FAS, double bottom attempt

[09:43] {Threei}  .50 break long

[09:43] {Threei}  stop under .30

[09:44] {Threei}  sorry, .40 break on FAS

[09:44] {magoo} in

[09:45] {vinod} in fas

[09:45] {nemo} me too

[09:46] {dino} v sm wide isrg l .00

[09:46] {Threei} Long Setup:  ADBE  .17

[09:46] {Threei}  if stays above .10

[09:47] {Threei}  FAS 1:1

[09:48] {vinod} out fas 5.57

[09:48] {nemo} stop to what on FAS?

[09:48] {magoo} out .58 fas TY

[09:49] {Threei}  FAS 1:2

[09:49] {Threei}  just exit

[09:49] {Threei}  ADBE over 1:1

[09:49] {Threei}  1:2 actually

[09:49] {Threei}  after 1:1, stop routinely trailed to under b/e

[09:51] {Threei} Long Setup:  GE  .60 break

[09:51] {Threei}  stop under .55

[09:54] {Threei}  half out .72

[09:54] {Threei}  stop to .59

[09:54] {Threei}  beauty of aggressive entries...

[09:54] {magoo} out .75 TY

[09:55] {Threei}  if you played this double bottom regular way, you would be buying .70 break

[09:55] {Threei}  double bottom confirmation

[09:55] {Threei}  aggressive entry gave much tighter stop and so much more room foer profit

[09:55] {magoo} nice boss

[09:56] {nemo} FAS Vad

[09:58] {Threei}  stop to .69 GE

[09:58] {Threei}  1:2

[09:58] {Threei}  1/4 more out

[09:58] {magoo} strong in that pullbk GE vad

[09:59] {Threei}  yeah

[09:59] {Threei}  OK FAS

[09:59] {Threei}  .40 break long again

[09:59] {Threei}  if holdiong .30

[10:00] {Threei}  if losing it, can drop into 5 easily unless recrosses back immediately

[10:00] {magoo} RIMM animal

[10:00] {Threei}  so don't be in a hurry to catch it if it loses .30

[10:02] {Threei}  SEC COMMISSIONER WALTER: LOOKING INTO INSIDER TRADING AT SUBPRIME LENDERS

[10:06] {Threei}  okay FAS... if you insist that we get better entries, we won't mind

[10:06] {Threei}  I hear like 10 times over last days:

[10:06] {nemo} prez speaking?

[10:07] {Threei}  yeah, decision to claw back bounces is questionable from legal and constitutional point of view, but considering public outrage we are willing to do it

[10:07] {magoo} mkts red

[10:07] {Threei}  having soviet background, you have no idea how scary this sounds

[10:07] {Threei}  enemy of the people label comes to mind

[10:08] {Threei}  no law is applied

[10:08] {magoo} mccarthy hearings

[10:08] {Threei}  once authorities put that label on you, you are fair game

[10:08] {Threei}  for anything andf anyone

[10:08] {magoo} us communist witch hunt

[10:08] {magoo} now financial witch hunt

[10:09] {Threei}  GE trade's for nowover

[10:15] {vint} vad-do you use 1 mt or 5 mt charts?

[10:15] {Threei}  1 min and daily

[10:15] {vint} thanks

[10:15] {Threei}  for scalping, 5 min is too long

[10:16] {Threei}  trade may be over before candle is formed, lol

[10:16] {vinod} fas stii good at 0.40?

[10:16] {nemo} AUY Vad?

[10:16] {Threei}  no on FAS

[10:16] {vint} got it, i was using 5 mt

[10:16] {Threei}  for that trade to become valid again, it needs to consolidate between .30 and .40 for a few minutes

[10:17] {Threei}  the longer the better

[10:17] {vinod} o.k

[10:17] {Threei}  AUY looks standard on intraday... .35 trigger, stop under .25

[10:17] {Threei}  what bothers me is

[10:17] {nemo} the runup

[10:18] {Threei}  I rarely see this stock following through on this kind of setups

[10:18] {Threei}  this goes for most of gold/silver stocks btw

[10:18] {nemo} tck has same chart

[10:19] {dino} feels like yesterday

[10:19] {Threei}  hmmm

[10:20] {Threei}  action all but stopped

[10:20] {magoo} laser system is having issues vad

[10:20] {magoo} u up?

[10:20] {magoo} server?

[10:20] {nemo} you're in Puxatawney Phil's area, right Diino?

[10:21] {dino} ne about 200 miles

[10:21] {Threei}  no mags, quotes got frozen

[10:21] {dino} delaware river

[10:21] {dptl} good morning

[10:21] {Threei}  but scanner slowed down to a crawl too

[10:21] {Threei}  dp :)

[10:22] {dino} you need quotes anyone?

[10:22] {magoo} try 16 vad

[10:22] {magoo} semi works

[10:22] {Threei}  yeah, Level 2 OK, no T&S

[10:24] {magoo} dave says they are working on it

[10:26] {dino} nite l .74

[10:29] {wulff} have good weekend all

[10:29] {Threei}  take care wqulff

[10:29] {nemo} this sucks

[10:29] {Threei}  -q

[10:30] {magoo} take care wulth

[10:30] {Threei}  what does?

[10:30] {magoo} wulff

[10:30] {nemo} my LII prices are frozen, got LII bids offers and no T&S

[10:30] {Threei}  yeah... do you see market doing anything?

[10:31] {dino} going up

[10:31] {nemo} I realize the malfunction is currently fortuitous timing, but, like New England weather-just wait a minute.

[10:31] {dino} what do you need quote-wise

[10:32] {Threei}  quotes are OK, it;'s only T&S that is off

[10:32] {dino} ok

[10:33] {nemo} Actually my last price is frozen also, must be tied to T&S

[10:33] {Threei}  FAS is at .40, right?

[10:33] {nemo} approximately, yeah

[10:33] {Threei}  dino?

[10:33] {Threei}  .38 offer

[10:33] {Threei}  .49

[10:33] {nemo} yeah I can see the bids and offers

[10:33] {Threei}  .38

[10:34] {dino} 5.37

[10:34] {fernp} y

[10:34] {Threei}  yup

[10:34] {dino} .38

[10:34] {dino} .39

[10:34] {Threei}  ty

[10:35] {dino} np

[10:36] {Threei}  UPDATE: CONGRESSIONAL BUDGET OFFICE(CBO) REPORTEDLY REVISING 2009 BUDGET DEFICIT TO $1.8T

[10:36] {Threei}  from?

[10:38] {dino} zero

[10:38] {dino} lol

[10:38] {dptl} was it long that quote issues or just happend ?

[10:39] {Threei}  about 20 min

[10:39] {dptl} ok ty....slept in today..:)

[10:39] {magoo} server 12 & 16 giving lev 2 and charts

[10:40] {magoo} streaming no go 

[10:40] {nemo} hook up the ticker tape machine?

06[10:41] * magoo slaps nemo around a bit with a large trout

[10:42] {magoo} hmmmmmmm..slap worx fine

[10:42] {nemo} lol

06[10:43] * nemo applies ointment to fins

[10:43] {Threei}  *&^$#@)&

[10:44] {Threei}  http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031804104.html

[10:44] {Threei}  Antarctica, here I come

[10:44] {nemo} Eh...it's just the French Revolution...relax

[10:44] {nemo} you're in Canada anyway

[10:45] {Threei}  can't believe President personally would whip the country in such frenzy aimed at the WRONG PEOPLE

[10:45] {nemo} they

[10:45] {nemo} they're the new "Juden"

[10:46] {dino} lphi sm l .60

[10:49] {Threei}  FED'S BULLARD: DEFLATION IS A 'REAL POSSIBILITY' ; LARGE SHOCK COULD TRIGGER A DEFLATIONARY SPIRAL AND AN IMPORTANT NEAR TERM GOAL IS TO AVOID DEFLATION

[10:49] {Threei}  there you go

[10:49] {Threei}  with all those trillions injected, main threat is still deflation

[10:50] {nemo} They're trying to subvert the principles of growth and decay...what a mess

[10:51] {Threei}  watching PRU

[10:51] {Threei}  possible short

[10:53] {patience} vad, any info on vvus, i have options, thx

[10:53] {Threei}  standard setup would be .40 short with stop above .55, but I don't see breakdowns working on its intraday chart

[10:53] {patience} vvus

[10:53] {Threei}  no news

[10:53] {vinod} bac at tuesday's price

[10:53] {patience} looks like a w

[10:53] {patience} but is v v

[10:53] {patience} ok, thanks, nice jump today

[10:53] {Threei}  CNBC had it in its schedule for today

[10:54] {Threei}  probably moved in anticipation

[10:54] {Threei}  if that's all, will sell down after actual appearance

[10:54] {patience} ty, i'll dump some of my options now

[10:57] {ese} L AMTD .80 

06[11:01] * Threei slaps laserdave around a bit with a large T&S window

[11:02] {nemo} they're baaaaackkkkk

[11:02] {laserdave} i have been on the phone with these guys for awhile now

[11:03] {laserdave} it should be working guys

[11:03] {Threei}  it is

[11:03] {laserdave} good

[11:03] {laserdave} if anyone has issues

[11:03] {laserdave} log out

[11:03] {Threei}  market is not doing anything anyway

[11:03] {nemo} Yeah looks like directedge was having a problem

[11:03] {laserdave} and re log in

[11:03] {laserdave} we have been so solid for so long

[11:03] {laserdave} a 30 minute hiccup is doable

[11:04] {nemo} it was market wide dave.  IB was having some issues also

[11:04] {Threei}  doable eh?

[11:04] {Threei}  lol

[11:04] {laserdave} ya

[11:04] {Threei}  you proved yourself dave, you can do it... now, don't it again :)

[11:04] {laserdave} was thinking of taking some trout and heading over there

[11:04] {laserdave} but i will let it slide

[11:04] {laserdave} :)

[11:06] {Threei}  FAZ...

[11:06] {Threei}  if breaks .50 here

[11:06] {Threei}  should head for 34

[11:07] {Threei}  small shares with stop under .30

[11:08] {magoo} in

[11:10] {Threei}  half out +.30

[11:11] {Threei}  stop to under .45

[11:11] {magoo} out .80 ty

[11:11] {Threei}  welcome

[11:11] {magoo} i had 600 sh so juust cut all there

[11:12] {Threei}  why not leave 200

[11:12] {magoo} because im stupid

[11:12] {Threei}  oh

[11:12] {Threei}  that's respectable reason

[11:12] {Threei}  sorry for questioning you

[11:13] {Threei}  GS

[11:13] {Threei}  CFO: AIG WOULD HAVE HAD NO MATERIAL IMPACT TO GS HAD IT FAILED - CONF CALL

[11:13] {Threei}  no?

[11:13] {Threei}  why are we being told we couldn't let AIG fail then?

[11:13] {magoo} hey vad..we can short FAZ

[11:14] {Threei}  1/4 more oput FAZ .96

[11:14] {Threei}  +.46

[11:15] {Threei}  stop for the last piece is still .45

[11:15] {Threei}  letting it trade

[11:15] {Threei}  run forrest run

[11:16] {cosmo} i think i remeber martial law might happen if they failed....?

[11:16] {cosmo} remember

[11:16] {dino} they are talking about impact on gs

[11:17] {dino} gs may have hedged it

[11:17] {cosmo} gs would have to go to fema camps

[11:17] {cosmo} nah...

[11:19] {dino} well, when going thru hell.......

[11:19] {magoo} keep on going

[11:19] {dino} man, i have to get another magic 8 ball for days like this

[11:20] {dino} nice move online ed's

[11:21] {dino} eqix

[11:21] {Threei}  FAZ stop to .90

[11:22] {Threei}  probably getting too reedy but what the heck

[11:22] {Threei}  most of the profit is secured

[11:22] {Threei}  and even if hits trailing stop, that will be +.40

[11:22] {cosmo} that's what AIG said

[11:23] {Threei}  lol

[11:24] {Threei}  to take a buck or let it trade

[11:24] {Threei}  that is the question

[11:24] {Threei}  whatever

[11:25] {Threei}  out +$1.06

06[11:26] * Threei slaps magoo around a bit with a large text of famous soviet song "coward does not play hockey"

[11:29] {Threei}  everyone's asleep? (with hope in voice)

[11:30] {pita} sorry, you're still on duty....

[11:30] {Threei}  noooooo....

[11:31] {Threei}  I was eyeing that coach for a few hours of happy coma

[11:31] {Threei}  ummm

[11:31] {Threei}  make it couch

[11:32] {pita} vad, can sound be added to web browser RT connection?

[11:33] {Threei}  hmmm

[11:33] {Threei}  no idea

[11:33] {Threei}  i doubt it

[11:34] {Threei}  mirc is way more advanced in this sense

[11:37] {dino} pita, i usually just yell

[11:37] {Threei}  lol

[11:37] {dino} kids tell me office language is bad

[11:37] {Threei}  not exactly high tech but works flawlessly

[11:38] {dino} plus, at magoo, sometimes it is quite funny

[11:38] {dino} kicking is what cost me the $$$

[11:38] {pita} screaming today

[11:39] {dino} :)

[11:39] {nemo} looks like you're meandering market hypothesis panned out

[11:40] {dino} star

[11:40] {Threei}  Dodd on TV

[11:40] {Threei}  lashing out at Geithner

[11:41] {pita} trying to reconfigure screens...

[11:45] {dino} sad when ese gets banned

[11:46] {Threei}  people really need to learn to type in their passwords correctly

[11:47] {ese} i'm back......just your....you know...randomly being kicked from the board......

[11:48] {Threei}  lol

[11:49] {Threei}  random kicking is our way to maintain fairness

[11:49] {dino} es take a look at eqix, star

[11:49] {dino} cedc too

[11:50] {Threei}  US AUTO TASK FORCE'S RATTNER: GM AND CHRYSLER MAY REQUIRE ADDITIONAL AID; REITERATES WILL AIM TO COMMENT ON AID AND PROVIDE FRAMEWORK FOR AUTO FIRMS BY THE END OF MARCH

[11:50] {Threei}  - Rattner asks bondholders, stakeholders to cooperate, all holders must make concessions

[11:50] {Threei}  - Notes that the UAW must show its on path to cut labor costs

[11:50] {Threei}  - Says that Chrysler is 'barely' making it with its standalone program

[11:51] {ese} will do dino

[11:52] {Threei}  PREVIEW: FED CHAIRMAN BERNANKE SCHEDULED TO PARTICIPATE IN A PANEL DISCUSSION WITH FDIC'S BAIR AT NOON ET

[11:52] {Threei}  - Bernanke will have prepared text on the topic "The Financial Crisis and Community Banking," followed by a Q&A.

[11:52] {dino} think we missed star

[11:52] {ese} ouuuuuuuuu now theres potential

[11:52] {dino} waiting at .30

[11:53] {nemo} .85 long on star Dino?

[11:53] {ese} am nursing this AMTD trade but would like in on EQI

[11:53] {ese} X

[11:53] {dino} cedc l .81

[11:54] {dino} no nemo,

[11:54] {dino} [11:52] {dino} waiting at .30

[11:55] {nemo} that's bottom fishing!

[11:55] {dino} yes

[11:55] {dino} looking for fast zip down, inefficeincies

[11:56] {dino} where'd that drop come from

[11:56] {nemo} in what"

[11:56] {nemo} ?

[11:57] {dino} dji

[11:57] {dino} 18 to flat in blink

[11:57] {nemo} Bernanke must have stepped to the podium

[12:00] {dino} eqix going to hold the lod?

[12:00] {Threei}  FED'S BERNANKE: TOO BIG TO FAIL COMPANIES ARE 'COMPLACENT' ABOUT RISK; REGULATORS SHOULD MONITOR EXEC COMPENSATION

[12:01] {dino} why wouldn't they be, get paiod 10s of millions win or lose

[12:02] {dino} fat fingers typing today

[12:03] {dino} star nemo, you may be right

[12:03] {nemo} broken clock moment

[12:04] {nemo} thickening up on the bids

[12:04] {dino} l .90

[12:08] {dino} jumped the shark

[12:08] {nemo} yeah...goin

[12:08] {nemo} yeah, goin for the DB

[12:09] {nemo} it's also lunchtime

[12:09] {dino} .78 hard stop

[12:10] {dino} stopped 

[12:10] {nemo} trap door dropped

[12:12] {dino} rinsed

[12:12] {nemo} SOB

[12:12] {ese} out AMTD .94 +.14 on a lot and a 1/2

[12:13] {ese} works for me

[12:15] {magoo} vad..we in anything{multi tasking}

[12:15] {nemo} What's Bernanke saying

[12:15] {Threei}  in coma

[12:15] {nemo} got a hematoma?

[12:15] {Threei}  - TALF if successful should lower consumer, mortgage, and business costs

[12:15] {Threei}  - Too big to fail companies are 'complacent' about risk; regulators should monitor exec compensation; may need to modify capital and accounting rules.

[12:15] {nemo} "if successful"

[12:19] {dino} eqix sm l .24

[12:20] {dino} star we were one drop too soon

[12:21] {ese} bstop STAR .10

[12:21] {ese} full lot

[12:22] {ese} L

[12:23] {ese} stop .00

[12:24] {ese} out .16 +.06

[12:25] {ese} didn't like the look of QQQQ

[12:25] {ese} ah well what can you do

[12:26] {Threei}  CALIFORNIA FEB UNEMPLOYMENT: 10.5% V 10.1% PRIOR

[12:26] {Threei}  RUSSIAN ANNOUNCEMENT SHOULD NOT AFFECT TSN'S EXPORT SALES

[12:26] {Threei}  - Note that earlier today the USDA reported that Russia has banned US poultry imports.{RSX}

[12:28] {dino} gj

[12:37] {Threei}  amusingly inactive market today

[12:37] {dino} yeah like yesterday goes down, then 30 pt range foir hours

[12:38] {dino} kind of market that may lead me to drink

[12:38] {nemo} so, what makes this market different from any other

[12:38] {patience} most profitable week of the year for me though dino, i'll drink to that

[12:39] {dino} me too patience, and last week i said same

[12:39] {dino} nemo, fast markets no time to think about the drink, lol

[12:39] {nemo} no, you have hydration pack on your back

[12:40] {ese} trading currencies patience

[12:40] {patience} currency etfs

[12:40] {dino} short greenback?

[12:40] {Threei}  who said what where?

[12:40] {patience} i'm expecting cdn dollar to strengthen

[12:40] {patience} yup

[12:40] {dino} nice

[12:40] {dino} ever play udn?

[12:41] {patience} nope

[12:41] {dino} 2x short $

[12:41] {nemo} double top on BAC?

[12:41] {patience} will look at it, thanks dino

[12:42] {dino} uup 2x long, and no problem (wearing my jamaica shirt)

[12:43] {patience} i'm expecting down markets monday, tuesday, will go shopping   :)

[12:45] {dino} no idea, but will wait until 10ish for 1st trades

[12:51] {dino} uthr sm l .25

[12:52] {dino} forgot had it out there

[12:52] {dino} nite stopped -.05

[12:52] {pita} gotta go TC all

[12:52] {dino} cya

[12:57] {Threei}  take care pita

[12:57] {Threei}  anyone sees anything to warrant the selling?

[12:58] {nemo} Been a good week and the G20 meeting this weekend?

[12:59] {Threei}  I mean siome kind of real time news

[12:59] {Threei}  well, other than prez on tv

[12:59] {nemo} none that I see

[12:59] {Threei}  which is not really news anymore by any stretch of imagination

[12:59] {patience} when does expiration activity finish today

[12:59] {nemo} like big brother on the telly in 1984

[13:02] {dino} dk

[13:24] {Threei}  watching with interest now

[13:24] {Threei}  FAS dive under 5 would be something to make me come out of coma

[13:24] {nemo} how do you type while in a coma?

[13:24] {Threei}  many years of practice

[13:33] {dino}   nite l .61

[13:42] {dino} nite stopped -.05

[13:45] {Threei}  while we are waiting for omething to start happening,

[13:45] {Threei}  how's that for an irony

[13:45] {fernp} go ahead

[13:45] {Threei}  West Vancouver woman, judging by last name of german origin

[13:46] {Threei}  in aftermath of 9/11 attack converted to Islam,

[13:46] {Threei}  opened pro-islamic pro-terrorist website

[13:46] {Threei}  at some poin of her venture fiund herself in Afghanistan

[13:46] {Threei}  got kidnapped by Taliban

[13:47] {nemo} now living like a real muslim woman

[13:47] {Threei}  ransom demand is 2 mil,

[13:47] {Threei}  threatened to be beheaded at the end of March

[13:47] {Threei}  careful for what you wish for, eh?

[13:48] {nemo} did FAZ just duplicate you're earlier call?

[13:49] {Threei}  kind of, yeah

[13:54] {Threei}  ok, looks like final leg of selling is shaping up

[13:57] {dino} star .89 l

[13:59] {Threei}  if FAS never loses 5 and breaks 5.10 instead, will probably be a trend reversal signal

[14:01] {Threei}  COLOMBIA CUTS INTEREST RATES 100BPS TO 7% FROM 8%

[14:01] {Threei}  in case ou are interested

[14:01] {dino} thats a cut

[14:02] {nemo} so coke financing costs should go down

[14:02] {vinod} they get their financing from columbia

[14:03] {nemo} to quote dino, "tough crowd"

[14:03] {vinod} you taking about white power?

[14:04] {dino} lol

[14:04] {nemo} yes vinod

[14:05] {nemo} actually "powder"  It's not politically correct to talk about white "power"

[14:05] {Threei}  5 is lost

[14:05] {Threei}  all is lost... what to do, what to do...

[14:05] {nemo} Watch the TV show, the brunette is hot

[14:05] {vinod} it's boaring so, i have to write something--nemo

[14:06] {cosmo} when in trouble; when in doubt; run in circles; scream and short

[14:06] {cosmo} shout

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

[14:06] {nemo} not criticizing making conversation like you....ahhhh

[14:07] {vinod} faz is hot

[14:07] {nemo} Weren't we talking about how it was going to zero?

[14:07] {Threei}  I don't know about FAZ... this kind of support breaks as FAS just did ususlly lead to sharp selling

[14:07] {Threei}  it's holding right there

[14:07] {Threei}  could be sharp bounce brewing

[14:08] {Threei}  well nemo, first it was going to go to 200

[14:08] {Threei}  then to zero

[14:08] {Threei}  somehow neither happened

[14:08] {nemo} Well the end of the USA is coming and then the world

[14:08] {Threei}  oh

[14:09] {nemo} read it today

[14:09] {Threei}  okay then

[14:09] {nemo} you retiring?

[14:09] {Threei}  I don't care as I decided to move to Antarctica anyway

[14:09] {nemo} Vad and his trusty pet penguin

[14:09] {Threei}  or if it comes next week, I'll simply remain in the Bahamas

[14:09] {vinod} i wants 200 point down day so we can do good on monday

[14:09] {nemo} you can do well 200 points down...just short

[14:10] {nemo} they let you at Fidelity?

[14:10] {vinod} yes. but i do not have ball to do it

[14:11] {Threei}  BAC not making new low with FAS

[14:11] {nemo} noticed that

[14:11] {nemo} vinod, no different from going long...

[14:12] {Threei}  yeah... just different lorder of actions

[14:12] {Threei}  sell first, buy later

[14:12] {nemo} formations are the same, just reversed

[14:12] {Threei}  would like to see one more pullback on BAC and try to eneter closer to 6

[14:12] {nemo} C&H upright for breakout up, C&H upside down for breakdown

[14:13] {vinod} honestly i have never shorted

[14:13] {dino} star stop to .03\

[14:13] {nemo} Yeah Vad...I have to remember that order, hurts when you sell, and then sell

[14:13] {dino} to .05

[14:14] {nemo} what size lot dino

[14:14] {Threei}  ugh, no pullback

[14:14] {dino} to .08

[14:14] {dino} fl

[14:14] {Threei}  comeon, drop to 6.05 at least

[14:15] {dino} out star .08, +.19

[14:17] {Threei}  one more downturn should happen here

[14:18] {dino} how about there

[14:18] {Threei}  okay FAS

[14:18] {Threei}  closer to 5 please

[14:24] {Threei}  so narrow, I can't pick up entry

[14:24] {Threei}  and dive under 5, even though that was what I wanted to see, haven't given much indication for entry,

[14:24] {Threei}  pace was pretty much flat

[14:24] {dino} cnqr blood

[14:25] {Threei}  oh my

[14:25] {Threei}  look who opened his mouth

[14:25] {Threei}  FORMER FED CHAIRMAN GREENSPAN: OFFICIALS CAN NOT DIFFUSE BUBBLES BEFORE THEY POP

[14:25] {nemo} prez?

[14:25] {nemo} worse

[14:25] {Threei}  no, really?

[14:26] {Threei}  gotta let bubble play out?

[14:26] {nemo} He has to be Woody Allen's twin

[14:26] {Threei}  PREDICTING FINANCIAL CRISES IS BEYOND THE ABILITY OF MONETARY OFFICIALS TO FORECAST;

[14:26] {Threei}  eeck

[14:26] {nemo} What BS

[14:26] {Threei}  I can list quite a few people who predicted this crisis to the letter

[14:27] {Threei}  is this senility taking over? or ill conscience?

[14:27] {nemo} Dodd syndrome

[14:27] {dino} ese, cnqr?

[14:27] {dino} sm l .50

[14:34] {Threei}  great... just when FAS fiannly touched 5 and bounced, I was away from computer

[14:34] {Threei}  what an irony, to wait hours for this setup and miss it

[14:34] {Threei}  anyone got it?

[14:35] {nemo} was waiting for you to call it

[14:35] {Threei}  JAVA

[14:35] {Threei}  WSJ: SOURCES EXPECT IBM TO PROCEED WITH OFFER FOR COMPAN

[14:35] {Threei}  {IBM}

[14:35] {nemo} JAVA?

[14:36] {Threei}  ?

[14:36] {Threei}  DUE DILIGENCE IS DELAYING DEAL

[14:36] {nemo} duh?  nevermind

[14:36] {Threei}  I don't understand what the question is

[14:36] {Threei}  [14:35] {nemo} JAVA?

[14:37] {nemo} nemo's reply:  {nemo} duh?  nevermind

[14:37] {dino} cnqr stopped

[14:37] {nemo} I pulled a Homer Simpson

[14:40] {dino} last try cnqr .00

[14:46] {Threei}  FDIC: REVISES Q4 NET LOSS FORECASTS FOR BANKS TO $32.1B FROM $26.2B PRIOR EXPECTATION

[14:46] {nemo} pocket change

[14:49] {Threei}  WHITE HOUSE PRESS SEC: US TREASURY SEC GEITHER HAS IS SUPPORT WITH FULL CONFIDENCE

[14:50] {nemo} until he doesn't

[14:50] {nemo} I can hear it now, "It was time to make a change.  We'd like to thank Tim for his outstanding service to his country..."

[14:50] {dino} last try nite .49 l

[14:51] {Threei}  HEARING DEFENDED AT WILLIAM BLAIR (TIMING UNCERTAIN)

[14:51] {Threei}  - CNQR is weaker today on unconfirmed chatter that the CEO may have lied about his educational background.

[14:52] {dino} don't they all lie

[14:55] {vinod} Stocks Break to the Downside After Barney Frank Doubts Fed as Regulator 

[14:55] {Threei}  wasn't he the one to introduce bill with broadening Fed's regulatory powqers

[14:57] {dino} out cnqr .60, +.60

[14:57] {Threei}  wtg

[14:57] {dino} ty

[14:57] {dino} pulp one

[14:58] {Threei}  my feel is, we are done with downside for the day

[14:59] {dino} my feel is, tough day

[15:01] {Threei}  CNQR

[15:01] {Threei}  CONFIRMS CEO DOES NOT HAVE UNIVERSITY DEGREE

[15:01] {Threei}  oh horror

[15:01] {dino} c'mon, pappa needs some new shoes (baseball season you know)

[15:02] {nemo} Colonel Kurz again?

[15:02] {dino} bill gates didn't have one either

[15:04] {Threei}  FED'S TALF PROGRAM REPORTEDLY RECEIVE 19 APPLICATIONS FROM VARIOUS FUND MANAGERS - UNCONFIRMED REPORT

[15:04] {dino} good

[15:04] {fernp} have a nice weekend everybody. see you on monday

[15:05] {Threei}  take care fern, have a great one

[15:05] {dino} cya

[15:07] {Threei} Long Setup:  RIMM  .75 if stays above .65

[15:10] {dino} dbtk

[15:11] {magoo} in .71 agreess

[15:14] {vinod} no rimm

[15:14] {magoo} no work

[15:15] {dino} ughhhhhh cnqr

[15:15] {Threei}  yeah

[15:15] {Threei}  I guess people realize how immaterial it is

[15:16] {Threei}  - CNQR Spokesperson notes the company halted reference to degree in filings in 2007; Singh attended the school from 1979 to 1983

[15:16] {Threei}  who cares?

[15:18] {dino} i do at 18

[15:18] {nemo} you got married at 18?

[15:19] {dino} ?, 30

[15:20] {nemo} [15:18] {dino} i do at 18 {{{thought it was shorthand 

[15:20] {nemo} tough crowd

[15:20] {dino} ahhh, my mind is cloudy, too much today

[15:20] {Threei}  no, we just don'y see the connection between doing it and marriage

[15:21] {nemo} yeah, my corpus collusum doesn't connect well with my cerebellum.  

[15:21] {nemo} Larisa back next week?

[15:21] {dino} ahhh, doing it should be connected w/marriage

[15:21] {ese} signing off for the weekend everyone....have a god one

[15:22] {nemo} easy ese

[15:22] {Threei}  you too ese

[15:22] {ese} ahh good

[15:22] {ese} see ya vad

[15:22] {dino} out uthr .65, +.40

[15:22] {dino} cya s

[15:23] {vinod} have a nice weenend everyone

[15:23] {dino} you2 vinod

[15:23] {Threei}  take care vinod

[15:23] {dino} theres still money to be made imo

[15:23] {nemo} c ya Vinod

[15:24] {nemo} cnqr dino

[15:24] {dino} watching, was thinking 18.20 area

[15:25] {dino} ask me why?

[15:26] {nemo} o.k I'll bite, why?

[15:26] {dino} 'cause it should not get there in my mind

[15:26] {dino} so if it does, i have to hit it

[15:26] {nemo} if it get's there this late on a Friday?

[15:27] {dino} sure

[15:27] {dino} 30+ left

[15:27] {dino} laying out

[15:27] {nemo} by the time it get's there????

[15:28] {dino} i'll give it until 3:50

[15:28] {dino} sm guys, no worries

[15:28] {dino} -17% we do not do size

[15:29] {nemo} Mmmmmmmhhhh...Marie Antoinette?

[15:29] {dino} out eqix all day, +.35

[15:30] {dino} at .55

[15:30] {dino} fortune favors the bold nemo

[15:30] {nemo} we had this talk about taking point

[15:31] {Threei}  again with my traditional confusion between bold and bald...

[15:31] {nemo} look at Rimm

[15:32] {Threei}  mibbit disconnects people

[15:32] {nemo} soylent green is people

[15:33] {dino} twight zone?

[15:33] {nemo} Soylent Green starring Charleton Heston, last movie Edward G. Robinson did

[15:34] {dino} opps, "to serve man"

[15:35] {magoo} restrm worx

[15:35] {nemo} wish I had been watching CNQR, look at that classic hangman at the top

[15:35] {nemo} "It's a cookbook!"

[15:35] {dino} :)

[15:35] {dino} cnqr getting near

[15:35] {dino} dbtk?

[15:35] {nemo} tick tock tick tock

[15:36] {dino} nite stop to .59

[15:37] {dino} to .62

[15:37] {dino} out +.13

[15:41] {Threei}  WHITE HOUSE ECONOMIC ADVISOR ROMER: Q1 GDP DATA WILL BE "QUITE ROUGH" - TV INTERVIEW

[15:41] {Threei}  ahhh

[15:41] {Threei}  revelation of the day

[15:42] {nemo} dino cnqr

[15:42] {dino} ok cnqr sm l .20

[15:43] {dino} waiting at .50

[15:44] {nemo} Vad...all these people competing for your title

[15:44] {dino} 1:1 guys if in keep it

[15:45] {Threei}  I gave up nemo

[15:45] {Threei}  no way I keep the title with such fierce competition

[15:45] {nemo} never give up vad

[15:46] {dino} vad is king

[15:46] {dino} of course no mkt help

[15:47] {dptl} have a good evening all and good weekend

[15:47] {Threei}  regardless dino... amazing patience for entry

[15:47] {Threei}  take care dp, have a good one

[15:47] {dino} cya dp

[15:47] {nemo} boy's a sniper

[15:47] {Threei}  fess up time... I tok .16 but scalped

[15:47] {dino} tighten to .97

[15:47] {nemo} on CNQR?

[15:47] {Threei}  yeah

[15:48] {nemo} snuck up behind Dino huh?

[15:48] {dino} yes

[15:48] {Threei}  wow FAS

[15:48] {dino} no problem 1/1 was .30, tighten

[15:50] {Threei}  in .03

[15:51] {Threei}  can I afford 5 cents stop?

[15:51] {dino} indeed

[15:52] {dino} tighten to .09

[15:53] {Threei}  C CEO: WORKING WITH US GOVT ON SYSTEM FOR COMPENSATION

[15:54] {dino} slave to obama

[15:54] {Threei}  amazing

[15:54] {Threei}  country solves bonus problem

[15:55] {Threei}  class warfare

[15:57] {Threei}  on come on

[15:57] {Threei}  3 min, can you move 5-6 cents??

[15:57] {nemo} yeah, down

[15:57] {Threei}  whatever

[15:57] {dino} to .24 

[15:58] {dino} out +.04

[15:58] {Threei}  better than my coming -.04 :)

[15:59] {Threei}  JPM

[15:59] {Threei}  EXEC: WORKING ON CHALLENGES FACED BY RECENT LAWMAKER ACTIONS REGARDING BONUSES - MEMO

[15:59] {Threei}  jeez

[16:00] {Threei}  okay... time's out

[16:00] {Threei}  out flat

[16:00] {Threei}  AIG is suing

[16:00] {nemo} and the vertically challenged lady has sung

[16:00] {dino} wow, crazy two hours

[16:00] {Threei}  good

[16:00] {Threei}  I want to see how that works out

[16:00] {nemo} horizontally challenged...I'm vertically challenged

[16:01] {Threei}  thank you all

[16:01] {Threei}  great week

[16:01] {Threei}  have a good weekend, see you on Monday

[16:01] {nemo} P&Q

Mar 19 2009

Mostly scalping day but a lot of those and with very high percentage of winning.. No complaints at all. All the usuals - FAS, BAC, GE etc

Session Time: Thu Mar 19 00:00:00 2009

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET

[08:10] {Threei}  - Expectations for initial claims are 655K v prior release of 654K (range seen from 635K to 690K)

[08:10] {Threei}  - Continuing claims seen at 5.323M v prior 5.317M. (range seen from 5.270M to 5.400M)

[08:22] {Threei}  Good morning

[08:23] {Threei}  after employment numbers are out,

[08:23] {Threei}  keeping an eye on

[08:23] {Threei}  BRCD, break over 3 is interesting

[08:23] {Threei}  upgraded at RBC

[08:24] {Threei}  AUY, break over 9 and general gold strength

[08:24] {Threei}  and of course usual suspects

[08:24] {Threei}  with WFC beiong interestingly weak

[08:30] {Threei}  *INITIAL JOBLESS CLAIMS: 646K V 655KE;

[08:30] {Threei}  CONTINUING CLAIMS: 5.473M V 5.323ME

[08:30] {Threei}  - Prior jobless claims revised from 654K to 658K

[08:30] {Threei}  - Prior Continuing Claims revised from 5.317M to 5.288M

[08:44] {Threei}  08:40am [DRYS] Wins $630M contract from Petrobras to employ the Leiv Eiriksson for three years

[08:55] {magoo} mornimng

[08:57] {Threei}  GE

[08:57] {Threei}  EXPECTS TO BE PROFITABLE IN Q1 V $0.24E

[08:57] {Threei}  magoo :)

[09:00] {Threei}  nice move off news

[09:00] {dptl} good morning

[09:00] {Threei}  dp :)

[09:00] {nemo} wow!  mags vad dp :)

[09:00] {i2romantis} morning all

[09:01] {Threei}  nemo, i2r :)

[09:01] {nemo} BAC just breached the morning high

[09:02] {elepet} good morning

[09:02] {Threei}  FDX

[09:02] {Threei}  CEO: THE US ECONOMY HAS PROBABLY HIT BOTTOM - CONF CALL

[09:02] {Threei}  elepet :)

[09:02] {elepet} baltic shipping moving up.drys exm dsx and others

[09:03] {nemo} there goes BAC

[09:05] {Threei}  C

[09:05] {Threei}  TO REPORTEDLY SELL $3B IN CREDIT CARD BONDS FOR THE TALF PROGRAM

[09:05] {Threei}  - also notes it may increase authorized shares to between 40B and 60B from current 15B as part of conversion plan.

[09:07] {Threei}  serious offers are being lifted on GE

[09:09] {Threei}  DRYS, if we get meaningful pullback, likely to be an opening play

[09:13] {ese} GM....

[09:14] {Threei}  ese :)

[09:14] {ese} Balkin index up today

[09:14] {ese} 630mil coontract...nice

[09:14] {Threei}  yup

[09:17] {dino} gm all

[09:17] {ese} dino

[09:18] {Threei}  dino :)

[09:18] {cosmo} orcl tests high

[09:18] {Threei}  and DRYS

[09:18] {pita} gm dino, all

[09:18] {Threei}  and GE

[09:18] {Threei}  pita :)

[09:18] {dino} :)

[09:19] {Threei}  OK guys, I think it's obvious what mode we are in for now, right?

[09:19] {cosmo} open breaks .... after all these years...

[09:19] {Threei}  hehe

[09:19] {Threei}  and pullbacks

[09:19] {dino} salvation through inflation coming into play after that meeting, echo bubble in the making, imo

[09:20] {Threei}  for late arrivals:

[09:20] {Threei}  [08:23] {Threei} keeping an eye on

[09:20] {Threei}  [08:23] {Threei} BRCD, break over 3 is interesting

[09:20] {Threei}  [08:23] {Threei} upgraded at RBC

[09:20] {Threei}  [08:24] {Threei} AUY, break over 9 and general gold strength

[09:20] {Threei}  [08:24] {Threei} and of course usual suspects

[09:20] {Threei}  [08:24] {Threei} with WFC beiong interestingly weak

[09:20] {Threei}  and all usual suspects

[09:20] {vinod} good morning  all

[09:20] {Threei}  FAS, BAC, GE, DRYS

[09:20] {Threei}  vinod :)

[09:21] {Threei}  AIG, this is beyond the limits of this universe

[09:21] {Threei}  it's out of some other one

[09:21] {Threei}  to put it simply:

[09:21] {Threei} Long Setup:  ANYTHING  at any price

[09:22] {Threei}  well, except FAZ {G}

[09:23] {Threei}  if we are lucky, we get either pullback, or consolidation and break

[09:23] {nemo} looked at FNM and FRE?

[09:23] {Threei}  if things just jump out ofg the gate, will be tough to get entries

[09:23] {Threei}  I refuse to

[09:24] {Threei}  my fingers can't type those symbolss

[09:24] {nemo} 40% overnight

[09:26] {Threei}  BALTIC DRY BULK INDEX -3.5%; SEVENTH STRAIGHT DECLINE

[09:27] {vint} good morning all

[09:27] {Threei}  vint :)

[09:27] {dino} dollar hit

[09:27] {nemo} dino is going after the crown

[09:33] {Threei}  MICROSOFT CEO BALMER: YAHOO DEAL IS COMPELLING ECONOMICALLY

[09:33] {fernp} hello everybody

[09:34] {Threei}  fern :)

[09:36] {Threei}  GE, watching for long entry

[09:36] {Threei}  ideally, one more leg down

[09:36] {Threei}  with antry under .90

[09:36] {Threei}  entry

[09:37] {Threei}  WFC

[09:37] {dino} 21% straight up s/p; due for a pullback

[09:38] {Threei} Long Setup:  WFC  17 break if holding above 16.90

[09:38] {Threei} Long Setup:  GE  11 break if holding above 10.90

[09:39] {Threei}  wow wfc

[09:42] {dino} fcbc thinny

[09:42] {wulff} wfc valid?

[09:42] {Threei}  ?

[09:42] {Threei}  of course not

[09:44] {nemo} slw and auy headed north

[09:44] {Threei}  I keep waiting for AUY pullback and not getting it

[09:46] {Threei}  GE over 1:1, half out or scalp

[09:46] {fernp} out GE ty Vad

[09:46] {Threei}  welcome

[09:46] {dino} nite?

[09:47] {Threei}  GS downgraded NITE

[09:47] {dino} ty

[09:48] {Threei}  .long rimm .80 break if stays above .65

[09:48] {Threei} Long Setup:  RIMM  .80 break if stays above .65

[09:48] {nemo} fly by

[09:49] {Threei}  1:1

[09:49] {Threei}  GE, if take partial, stop to .98 for the balance

[09:53] {Threei} Long Setup:  STT  half lot .90 if stays above .70

[09:53] {Threei}  wow FAS

[09:53] {Threei}  biounce time very soon

[09:55] {dino} nite getting interesting, 15 strike 

[09:55] {ese} ADBE bstop .11 full lot

[09:55] {Threei}  one more leg down on FAS,

[09:55] {Threei}  or if holding above .75, .85 long

[09:55] {dino} watching uthr for 4th day

[09:55] {ese} Long adbe

[09:56] {Threei}  STT no go

[09:57] {ese} out adbe ..17

[09:57] {ese} quick hit

[09:58] {Threei}  FAS, watch for pullback to .70

[09:58] {Threei}  entry with stop under .65

[09:59] {Threei}  in

[09:59] {nemo} in

[10:00] {Threei}  *FEB LEADING INDICATORS: -0.4% V -0.6%E

[10:00] {Threei}  - prior revised from +0.4% to{SPY SHY}

[10:00] {ese} in FAS

[10:00] {ese} .73

[10:00] {Threei}  - prior revised from +0.4% to 0.1%{SPY SHY}

[10:00] {Threei}  MAR PHILADELPHIA FED INDEX: -35 V -39E

[10:01] {Threei}  half out FAS .85

[10:01] {ese} out 1/2

[10:01] {Threei}  scalpers know what to do

[10:01] {ese} out full

[10:02] {Threei}  yeah

[10:02] {Threei}  scalping rules still

[10:02] {ese} +.08 on full lot

[10:02] {Threei}  AUY pulled back

[10:02] {Threei}  trying to find decent entry

[10:03] {ese} might try fas again around .50

[10:04] {dino} gj es

[10:04] {ese} hmmm might not get there

[10:04] {ese} followed the cheif......was easy

[10:04] {ese} chief

[10:04] {nemo} market digesting yesterday afternoon

[10:05] {nemo} jefe

[10:05] {nemo} ese

[10:05] {dino} chef

[10:05] {Threei}  US HOUSE MINORITY LEADER BOEHNER: TREASURY SEC GEITHNER IS "ON THIN ICE"

[10:05] {ese} fearless leader

[10:06] {Threei}  Terrific Tim in troubles

[10:06] {dino} boehner playing hard guy

[10:06] {nemo} Throwing spitballs from the peanut gallery

[10:07] {ese} interesting name.....

[10:07] {nemo} wht?  we're almost back to FOMC level on FAS

[10:08] {Threei}  .long ge .70 break

[10:08] {dino} es, lol, that was my joke

[10:08] {Threei} Long Setup:  GE  .70 break

[10:08] {Threei}  if holding above .60

[10:09] {nemo} and NOBODY wanted to look at FAZ

[10:09] {dino} at lod's

[10:11] {pita} lotta red

[10:11] {vinod} nemo  lot to do because of option expiration tomorrow

[10:12] {nemo} treachorous...moguls on a double black diamond slope

[10:12] {Threei}  .40 crossback was FAS entry but happened faster than I could type

[10:12] {dino} nite sm l .25

[10:13] {Threei}  BAC

[10:13] {Threei}  .55 long

[10:13] {Threei}  stop under .45

[10:14] {vinod} in bac 7.55

[10:15] {wulff} RIMM...

[10:16] {ese} dino your screens showing anything huge dn....

[10:16] {Threei}  AAPL

[10:17] {Threei}  102 break

[10:17] {Threei}  half lot, if stays above .80

[10:17] {Threei}  BAC 1:1

[10:17] {fernp} out BAC ty

[10:17] {Threei}  half out or scalp, your decision

[10:17] {Threei}  AAPL 1:2

[10:17] {tomg} ty vad aapl

[10:18] {Threei}  1:1, sorry

[10:18] {Threei}  tom :)

[10:18] {nemo} out BAC scalp

[10:18] {nemo} ty

[10:18] {Threei}  welcome

[10:18] {Threei}  honestly, I expected today to be good for more than scalps

[10:19] {Threei}  now AAPL 1:2

[10:19] {Threei}  I was a bit ahead of myself {G}

[10:20] {Threei}  can't believe I missed FAS entry

[10:21] {Threei}  BAC is coming into 1:2

[10:22] {Threei}  who kept part of BAC, get out

[10:22] {vinod} out bac 7.82 see you after 3.00

[10:22] {wulff} I took .50

[10:22] {Threei}  good job, take care

[10:23] {Threei}  on FAS wulff?

[10:23] {wulff} yes

[10:23] {Threei}  :)

[10:23] {Threei}  ESLR

[10:23] {Threei}  SIGNS PARTNERSHIP AGREEMENT WITH RMT, INC.

[10:23] {Threei}  wow... this dog is still alive

[10:24] {nemo} now be nice, some people love that stock

[10:24] {Threei}  anyone who loves the stock needs some medical checkup

[10:25] {Threei}  how can you love the symbol consisting of 2-4 letters, beyond me

[10:28] {ese} Vad eslr has enough future contracts to make the stock a 30 to 40 dollar stock 3 to 5 years....I still have my 3000shs of it at 3.00

[10:29] {ese} 3.28 to be exact

[10:29] {Threei}  only if it survives cahsless period of this year ese

[10:29] {ese} true.....

[10:29] {Threei}  it has cash to sustain it till summer, maybe midsummer

[10:30] {Threei}  in this credit climate, finding financing is a tough task

[10:30] {Threei}  if they succeed at it they have a shot

[10:30] {ese} assuming there are any banks left.....they will give it carry over cash till contracts cut in

[10:31] {Threei}  yes, or

[10:31] {Threei}  ESLR, being green and all that, finds help form giverment

[10:31] {ese} it'll go broke

[10:31] {Threei}  or that, lol

[10:31] {ese} ahhhh didn't think about that

[10:31] {Threei}  with all the rhetorics about financing green companies and jobs,

[10:32] {Threei}  kind of hard to imagine this administration letting US-based solar manufacturer to go under

[10:32] {Threei}  although you know...

[10:32] {Threei}  when it comes to goverment, stranger things have happened

[10:33] {ese} indeed

[10:36] {Threei} Long Setup:  GE  11 break if stays above 10.90

[10:36] {ese} all things considered.....I definately have a gamble goin here

[10:36] {ese} with ESLR

[10:36] {magoo} rimm read vad?

[10:36] {Threei}  nothing's wrong with gamble as long as you realize it is just that,

[10:36] {Threei}  and can afford the negative outcome

[10:37] {ese} indeed

[10:37] {magoo} AAPL into support vad??

[10:37] {Threei}  no read for now mags

[10:37] {magoo} was .54 when asked..bam up

[10:38] {Threei}  so what can I do when thing jumps 20 cents in seconds?

[10:38] {magoo} no..just meant i felt it

[10:38] {magoo} not u boss

[10:38] {Threei}  strange

[10:38] {Threei}  usually it's my dfault

[10:38] {magoo} :0

[10:38] {ese} crystal ball.........theres one on your kitchen table ?????....or was that a flower pot

[10:39] {nemo} wife is really having an effect on you, huh Vad

[10:41] {magoo} NOW im mad at ya..lol

[10:41] {Threei}  whew

[10:41] {magoo} not really..took aapl .77 out .12

[10:42] {Threei}  all is well in my world again

[10:42] {magoo} foer now

[10:42] {nemo} in GE

[10:42] {wulff} in GE

[10:42] {Threei}  7 break on FAS was valid setup... don't know why I skipped it

[10:42] {ese} L STLD .29

[10:43] {ese} if it gets through that huge offer at .30 will go some

[10:43] {ese} big offers at .30

[10:44] {ese} aggressive entry for sure

[10:45] {Threei}  GE over 1:1

[10:45] {Threei}  half or scalp

[10:45] {Threei}  whatever you fancy

[10:45] {pita} out ty

[10:45] {Threei}  :)

[10:46] {nemo} out ty

[10:46] {Threei}  welcome

[10:46] {dino}  isrg

[10:46] {nemo} auy pullback

[10:46] {Threei}  FHFA: OBAMA HOUSING PLAN REQUIRES ADDITIONAL WORK BEFORE LAUNCH

[10:46] {Threei}  {FNM FRE XHB}

[10:47] {dino} mant

[10:47] {nemo} Probably blow up on the pad

[10:49] {ese} stld pushing up against that 200k sh offer at .30

[10:51] {ese} before LUNCH?

[10:52] {ese} oh sorry before LAUNCH

[10:52] {Threei}  lol

[10:52] {Threei}  made me look in kithe4n direction

[10:53] {ese} stop for STLD is .09

[10:54] {ese} that news item for ESLR turned my Solar watch list all green

[10:58] {dino} is that like "sun" tea, your solar screen

[10:59] {nemo} huh? what?

[10:59] {dino} bad joke

[10:59] {Threei}  .long fas .80 break

[11:00] {Threei}  feel free to take scalp as you see fit

[11:01] {Threei}  we are coming into lunch time

[11:01] {Threei}  patterns become sluggish

[11:01] {ese} hmmmmmmm....never thougt of it that way dino....

[11:02] {Threei}  out .91

[11:02] {Threei}  everyone's asleep?

[11:02] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

06[11:02] * Threei is hopeful he can fall asleep, too

[11:04] {nemo} ese, you got me wathcing stld

[11:09] {Threei} Long Setup:  FAZ  small shares .75

[11:09] {Threei}  stop under .50

[11:10] {nemo} got by

[11:10] {Threei}  1:1

[11:11] {Threei}  over 1:2, out in full

[11:11] {Threei}  +.60

[11:14] {dino}  v sm isrg l .15 wide

[11:19] {dino} sm risky l mant .05

[11:22] {pita} thanks for good day Vad, all - day job....

[11:22] {Threei}  take care pita

[11:24] {ese} sorry am back nemo.....stepped away for a few minutes

[11:24] {Threei}  RU) REPORTEDLY RUSSIAN SOURCES IN CONVERSATIONS WITH CHINA BACKED TALKS ON USING USD AS MAIN RESERVE CURRENCY

[11:24] {Threei}  there was something earlier about UN calling to ditch USD as reserve currency

[11:24] {dino} as we start the devaluation process

[11:24] {nemo} makes sense...the position the US has itself in turns it into a strategic weapon

[11:25] {Threei}  I find it hard to believe we still haven't ditched UN

[11:25] {ese} if stld gets through that humongus offer at .30 nemo....it's off to the races I think

[11:27] {Threei}  03/18/09 06:19am Reportedly, a UN Experts Panel will recommend moving from USD to a 'shared' reserve currency

[11:27] {Threei}  how's that Euro working again?

[11:27] {dino} i vote to stop funding the un

[11:28] {nemo} Idealists will make it work

[11:28] {Threei}  I wanted to say I second thaat

[11:28] {Threei}  but then decided, no, I am first

[11:28] {nemo} Keep your friends close...enemies closer

[11:29] {Threei}  FAZ C&H

[11:31] {dino} uthr sm l .25

[11:32] {Threei}  .75 long FAZ

[11:32] {Threei}  if holding .55

[11:33] {Threei}  no go

[11:33] {dino} we fund like 40% of the budget and they just bash us

[11:34] {Threei}  to me, there are just two options

[11:34] {Threei}  1. eviction notice

[11:34] {Threei}  2. bulldozer

[11:36] {dino} as they said on tombstone, "burn 'em all, ike"

[11:39] {dino} patience, thoughts on cop, have apr 40 calls

[11:39] {patience} just a sec dino   :)

[11:40] {dino} :)

[11:41] {patience} you were in the money today with a nice pop

[11:41] {dino} had .90 on them

[11:41] {patience} little more room to run, long swing definitely up, but infill needed

[11:42] {dino} where do you usually get out % wise?

[11:42] {patience} let me think

[11:42] {patience} i tend to be greedy and scalp momo in options like the underlying stock

[11:43] {patience} i am not good at holding them

[11:43] {dino} ok

[11:43] {dino} ty

[11:43] {dino} next thinking either calls on tbt or puts on tlt

[11:45] {Threei}  lol, who would have thought yesterday this rally will fizzle out so quickly

[11:47] {Threei}  }White House} what does it take to make tyou darn wallstreeters happy??

[11:47] {dino} me

[11:48] {dino} [09:38] {dino} 21% straight up s/p; due for a pullback

[11:54] {Threei}  let's see if we get double bottom on FAS around 6

[11:54] {Threei}  ugh, not pulling back

[12:02] {dino} nite stop to .39

[12:03] {dino} out nite +.14 fl

[12:10] {Threei} Long Setup:  BAC  7 break

[12:11] {magoo} in

[12:12] {nemo} no fill

[12:12] {Threei}  come on

[12:13] {Threei}  what are you sleeping?

[12:13] {Threei}  it gave ample time

[12:13] {nemo} broke at 7.01 came back order at 7 missed, technique sucked

[12:14] {dino} when you lose, don't lose the lesson

[12:15] {Threei}  this FAS pullback is kind of defining moment

[12:15] {Threei}  if not losing .15 and jumps back up, trend for the day is likely to reverse

[12:16] {nemo} RIMM seems to have reversed

[12:16] {dino} well the fat kid trade not in force today

[12:21] {dino} hmmm no comment

[12:21] {Threei}  no clear sign of reversal

[12:21] {Threei}  can go either way from here

[12:22] {nemo} so we have a "Bi" market  or "Andro"

[12:22] {Threei}  metro

[12:22] {nemo} got me on that one

[12:23] {Threei}  up starts looking mopre likely

[12:23] {dino} fed=fat kid, he/fed has justy jumped into the pool

[12:23] {Threei}  FAS slowly making higher highs after bottoming out

[12:23] {nemo} RIMM keeps moving up

[12:24] {Threei}  BAC 1:1

[12:24] {fernp} out TY

[12:24] {Threei}  took its sweet time eh

[12:28] {Threei}  guys, remember elctronic cigarette dp showed us couple weeks ago?

[12:28] {Threei}  yeah, I forgot who I am dealing with... memory span of a day trader (read moth)

[12:29] {nemo} please...bacteria

[12:29] {dino} gmcr

[12:32] {Threei}  GE EXEC: CREDIT COSTS ARE INCREASING - INVESTOR DAY

[12:33] {Threei}  do they have scalper day?

[12:34] {Threei}  FAS looks to me like returing to .50 and most likely breaking it

[12:34] {Threei}  finding right entry is another matter

[12:34] {magoo} vad..server?

[12:34] {Threei}  pullback to .30 - .35 zone

[12:34] {Threei}  6

[12:35] {magoo} ty

[12:37] {Threei}  in .26, stop under .20

[12:41] {Threei}  oh come on

[12:43] {Threei}  half out .35

[12:44] {Threei}  something makes me feerl this time should be good for more than scalp

[12:45] {Threei}  stop .25

[12:46] {magoo} in it

[12:46] {magoo} out bac too .16

[12:46] {nemo} You're welcome guys on FAS I Magooed

[12:47] {dino} nite l .15

[12:47] {Threei}  1/4 more out .48

[12:49] {Threei}  out in full .56

[12:49] {Threei}  +.30

[12:49] {Threei}  intuition works

[12:49] {magoo} out .562 ty

[12:49] {Threei}  and waiting for the right entry

[12:49] {magoo} .52

[12:50] {jmb} Thanks Vad

[12:50] {Threei}  welcome :)

[12:51] {dino} plce

[12:59] {Threei}  US AUTO TASKFORCE: WILL HAVE SOMETHING TO SAY BEFORE 3/31 REGARDING GM AND CHRYSLER

[12:59] {Threei}  {GM F}

[12:59] {Threei}  I can take wild guess at what they will have to say

[13:04] {Threei}  FDIC'S BAIR: CONSIDERING USING THE TOTAL ASSETS HELD BY BANKS RATHER THAN DOMESTIC DEPOSITS ALONE TO SET ASSESSMENT RATES

[13:04] {nemo} finagling everything they can

[13:05] {Threei}  so now when Dodd was caught not only inserting bonuses clause but also publicly lying about it on TV,

[13:06] {Threei}  do we see him pushed out in any way?

[13:06] {Threei}  do we see senate apologizing to Liddy?

[13:06] {Threei}  and btw,

[13:06] {nemo} He is to Ct. what Kennedy is to Mass.

[13:06] {Threei}  since Tim is culpable in it,

[13:07] {Threei}  do we see prez saying "oops, I expressed all this outrage at AIG but it was my own treasury to blame"?

[13:08] {dino}  nite stopped -.16

[13:11] {Threei}  CNN line says:

[13:11] {Threei}  obesity can shorten life up to a decade

[13:11] {nemo} Sen. Chris Dodd says Treasury forced him to add language to the stimulus bill last month that specifically excluded executive bonuses included in contracts signed before the bill's passage. 

[13:12] {Threei}  so, if I don't want to see how this all ends, I can just eat myself into oblivion?

[13:12] {Threei}  double pleasure?

[13:12] {Threei}  a lot of chocolate cake

[13:12] {Threei}  fatty meat

[13:12] {Threei}  beer of course

[13:13] {Threei}  and build your socialism with me, I have already seen this movie

[13:13] {Threei}  with - = without

[13:16] {magoo} vad..the qustion for rest of day?

[13:16] {Threei}  a bit early mags

[13:16] {Threei}  can't get a feel yet

[13:16] {magoo} back to flat?crash?green/

[13:16] {Threei}  uncertain moment

[13:17] {Threei}  if NQ holding 1195 and goes above 1205, most likely flat to upward

[13:17] {Threei}  if loses 1195, all bets are off

[13:31] {dino} nite l .91 stop .78

[13:35] {dino} stopped nite done w.it

[13:47] {magoo} in anything VAD?

[13:49] {Threei}  I'd let you know, wouldn't I

[13:49] {magoo} yup

06[13:49] * Threei slaps magoo around a bit with a large roll of cash

[13:50] {magoo} multi tasking here..may miss a call

[13:52] {Threei}  OK... assumption is we mostly drift upward,

[13:52] {Threei}  looking for pullback entry

[13:53] {Threei}  considering the way pullbacks looked today, expanding much further than in a nornmal uptrend,

[13:53] {Threei}  looking for FAS entry under .40 and BAC near .25

[13:56] {dino} mant blood

[13:57] {dino} bounced .60

[13:59] {Threei}  prez on TV

[14:00] {dptl} can't beleive this..lol

[14:00] {Threei}  I am slowly getting it dp

[14:01] {Threei}  nation infected by American Idol and other reality shows got confused somewhat during an election, and accidentally voted for a TV star

[14:02] {dptl} :)

[14:02] {Threei}  no pullbacks for entry

[14:02] {Threei}  oh well

[14:04] {ese} take care everyone signing of

[14:04] {ese} off

[14:05] {Threei}  take care ese

[14:05] {dino} ughhhh missed mant for .90

[14:05] {dino} chickened out

[14:10] {dino} add another .90 to it, sheesh

[14:17] {Threei}  PIMCO'S GROSS: FED NEEDS TO RAISE THE BALANCE SHEET TO $5-6T, NEED MORE THAN THE FED BUYING TREASURIES

[14:17] {Threei}  - Note that the Fed raised its balance sheet to around $3T with their announcement yesterday; this may rise to $4T with additional TALF spending.

[14:18] {vinod} i only need one T

[14:19] {Threei}  I would be fine with it too

[14:19] {Threei}  Vice Prez on TV

[14:20] {Threei}  REMINDER: S&P QUARTERLY INDEX REBALANCE THIS FRIDAY

[14:20] {Threei}  - The quarterly share rebalance for the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices will take place at the close of business Friday, March 20, 2009.

[14:20] {dino} chicken little you mean

[14:20] {Threei}  **S&P500 Top 10 Stocks with shares to Buy: GE 11.7M, ODP 5.6M, C 4.32M, JPM 3.7M, SE 3.54M, WFC 3.5M, BAC 3.5M, MET 2.69M, CVS 2.35M, CHK 2.3M.

[14:21] {Threei}  **S&P500 Top 10 stocks with shares to Buy compared to avg. daily volume: NU, SE, ODP, FLIR, AVY SCG, DUK, CVS, BIIB, TIE.

[14:21] {Threei}  **S&P500 top 10 stocks with shares to sell: XOM -14M, ORCL -8M, HPQ -5M, PG -5M, AMGN -2.5M, EMC -2.3M, BRCM -2M, DTV -1.8M, GCI -1.7M.

[14:21] {Threei}  **S&P500 Top 10 stocks with Shares to Sell compared to avg. daily volume: XOM, PG, DGX, AMGN, RTN, CBE, APH, MBI, GCI, FISV.

[14:22] {Threei}  **Nasdaq100 Top 5 stocks with Shares to Buy compared to avg. daily volume: FLIR, VRTX, IACI, BIIB, WYNN

[14:22] {Threei}  **Nasdaq100 Top 5 stocks with Shares to Sell compared to avg. daily volume: AMGN, FISV, ORCL, DTV SIAL

[14:23] {Threei}  here are my pullbacks

[14:23] {Threei}  not sure I want them here anymore, lol

[14:24] {Threei}  [13:53] {Threei} looking for FAS entry under .40 and BAC near .25

[14:27] {nemo} Vad, did you take?

[14:28] {Threei}  no

[14:28] {nemo} Thanks...misery loves company

[14:28] {Threei}  somewhat listless movement

[14:28] {nemo} by listless, do you mean the hesitation at the bottom?

[14:29] {nemo} of FAS that is

[14:30] {dino} cpla

[14:32] {dino} boreddddddddddddd

[14:32] {Threei}  not sure how to put it in words

[14:32] {Threei}  no rythm

[14:33] {Threei}  no feeling that here is a move with normal markets to it

[14:33] {Threei}  GE CFO: DO NOT SEE SCENARIO WHERE WOULD HAVE TO RAISE EXTERNAL CAPITAL - INVESTOR DAY

[14:33] {Threei}  lol... in two weeks: oh, here it is! Now I see it

[14:34] {nemo} the situation is fluid...

[14:34] {Threei}  MAGNITUDE 7.7 EARTHQUAKE STRIKES TONGA REGION; TSUNAMI WARNING IN EFFECT

[14:34] {dino} sounds familiar

[14:34] {dino} tayd

[14:34] {Threei}  as always someone buys TAYD on this

[14:41] {dino} zzzzzzzzzzzzzzzzzzzzzz

[14:41] {Threei}  AIG

[14:41] {Threei}  US HOUSE APPROVES 90% TAX ON CERTAIN CORPORATE BONUSES

[14:42] {Threei}  retroactive?

[14:42] {nemo} of course.  It's illegal, but it's done all the time

[14:42] {dino} cpla ave .00 l sm

[14:43] {nemo} fas and bac dropping on the news hahahahahaha

[14:43] {nemo} don't think we want to play this bounce either

[14:44] {dino} they are using aig to hit legit bonuses given out by other businesses, not good

[14:44] {dino} f'ing news bites moves this market too much

[14:44] {nemo} also for Congress to cover their asses...point the anger someplace else

[14:45] {dino} yes, but this a.m. they were saying it was going to be used on most big bonuses given out in usa

[14:46] {dino} politics of envy, you got, i want it but can't get it, so i shall destroy it

[14:46] {Threei}  old soviet joke...

[14:47] {Threei}  guy is told by ginnie he can have anything he wants,

[14:47] {Threei}  the only condition attached is, neighbor get twice of the same

[14:47] {Threei}  guy's request: rip off one of my balls

[14:48] {dino} lol

[14:48] {fernp} LOL

[14:48] {dino} well, obamination says "change has come", the politicians will be the richest now

[14:51] {vinod} look like fas is going to be at yesterday's opening price 5.48

[14:51] {Threei}  btw, you know that if you have withdrawal in the evening of not seeing prez on TV for too long, you can see him on Leno tonight, right?

[14:52] {Threei}  I'll be a buyer if it goes there vinod

[14:53] {vint} can't believe FAS made 7.80 earlier today..

[14:53] {Threei}  no kidding

[14:54] {Threei}  BAC 8.5

[14:55] {Threei}  well, the idea of bounce play starts becoming enticing

[14:55] {Threei}  just don't want to jump in too soon,

[14:55] {Threei}  hate those papercuts while hunting for the bottom

[14:56] {Threei}  6.05 long if holding above 6

[14:57] {dino} cpla stopped -.25

[14:57] {Threei}  1:1

[14:57] {Threei}  out .16

[14:57] {Threei}  easy money

[14:58] {Threei}  anyone??

[14:58] {fernp} me. ty

[14:58] {Threei}  that's it... not giving you any easy money plays anomore

[14:58] {Threei}  except fern

[14:58] {Threei}  the rest gets only struggling money plays

[14:58] {vinod} too fast and miss it

[14:59] {Threei}  wow, really?

[14:59] {nemo} yeah, bounce plays for me tough

[14:59] {Threei}  what kind of broker do you use?

[14:59] {Threei}  .05 was there for quite enugh time for a click

[14:59] {vinod} fidelity

[14:59] {nemo} To you long time

[14:59] {Threei}  oohhhh

[14:59] {Threei}  okay... understand then :)

[15:00] {vinod} will get there, given time

[15:00] {Threei}  right

[15:00] {Threei}  just be careful with fast moving stocks using fidelity

[15:00] {wulff} if I don't struggle it just doesn;t feel right

[15:01] {Threei}  if caught on a wrong side and trying to exit, could turn a disaster

[15:01] {nemo} you floss with barbed wire too wulff?

[15:01] {Threei}  lol wulff

[15:01] {Threei}  my motto is, No pain? Good!

[15:01] {wulff} been there done that

[15:01] {nemo} got the t-shirt

[15:01] {vinod} what broker most use here

[15:02] {Threei}  Laser

[15:02] {Threei}  you'll see it in videos

[15:03] {vinod} thanks

[15:03] {nemo} It's on those infomercials "stock-o-matic"

[15:03] {Threei}  executions speed vs fidelity is a space shuttle vs bike

[15:03] {nemo} Mmmmhhhh....sometimes space shuttle don't land too good.

[15:05] {nemo} California Congressman Calls Maryland Home to Gain Tax Credit 

[15:06] {vinod} nemo they have wife in ca and girl friend in maryland

[15:08] {Threei}  and boyfriend in North dakota

[15:08] {nemo} oy

[15:09] {Threei}  US FED CONFIRMS EXPANDING ELIGIBLE COLLATERAL FOR TALF; NEXT ROUND OF APPLICATIONS DUE APRIL 7

[15:09] {Threei}  - WIll include auto fleet leases, mortgage servicing advances

[15:09] {Threei}  - New collateral to include securities backed by business equipment leases and laons, adds non-auto floor-plan financing

[15:09] {Threei}  - Fed also considering additional expansion of collateral eligibility.

[15:09] {Threei}  - additional details on the April funding will be released on March 24; subscriptions will be accepted on April 7 and those loans will settle on April 14.

[15:11] {Threei}  I think pencils will be acepted as colalteral on the next round

[15:11] {Threei}  andf paperclips

[15:16] {dino} well, that sucks as i'm paperless

[15:16] {nemo} mmmmhhh....kleenex works too

[15:22] {Threei}  UAW CLAIMS BONDHOLDERS REFUSING GOVT LOAN TERMS; ARE HOLDING UP DEALS WITH GM AND CHRYSLER

[15:22] {Threei}  - UAW comments that its retirees should not have to make additional sacrifices{F}

[15:22] {nemo} If GM goes out of business the government guarantees the pensions anyway

[15:23] {dino} yes

[15:23] {nemo} more bills for the unborn

[15:24] {dino} same w/banks, fdic on deposits, so why save the common?

[15:26] {Threei}  I don't feel like selloff is coming

[15:26] {Threei}  rather modets bounce

[15:26] {Threei}  modest

[15:28] {Threei} Long Setup:  FAS  .o5 if stays above 6

[15:29] {nemo} in

[15:29] {magoo} in

[15:30] {vinod} in

[15:32] {Threei}  half out or scalp here, your choice

[15:32] {nemo} scalpe

[15:32] {Threei}  out in full here

[15:32] {Threei}  +.21

[15:33] {Threei}  easy money

[15:33] {vinod} 0ut 6.25

[15:33] {Threei}  even though I promised you struggle only

[15:33] {vint} EZ money

[15:33] {Threei}  lol

[15:33] {magoo} ouit .27 TY

[15:33] {Threei}  welcome guys

[15:34] {Threei}  shaped up as a beautiful day, even though market performed like putz

[15:34] {Threei}  couple stops I think

[15:34] {Threei}  the rest is wins even though mostly scalps

[15:36] {wulff} Vad, may I ask how many trades you did today, (15 or what)

[15:36] {Threei}  around 20 I think

[15:36] {wulff} just curious

[15:36] {Threei}  can't tell from the software at once,

[15:37] {Threei}  bexcause it registers every partial as a trade

[15:37] {Threei}  and there were a lot of those

[15:37] {Threei}  but without going over whole log, intuitively feels like 15-20, yes

[15:39] {dino} out uthr .68 +.43 all dayer

[15:39] {Threei}  hmm

[15:39] {Threei}  not sure I want to try FAS ere this time

[15:39] {Threei}  4th attemp at 6

[15:39] {Threei}  feels like this time it will be broken

[15:40] {nemo} short?

[15:40] {Threei}  even third was a bit of a stretch

06[15:40] * Threei pats himself on the back, even under the risk of dislocating the shoulder

[15:41] {nemo} did an .8 short on FAS

[15:41] {Threei}  good

[15:41] {nemo} .08

[15:42] {vinod} will see you tomorrow

[15:42] {Threei}  take care vinod

[15:43] {dino} mant l .51

[15:47] {nemo} Gotta' go folks.  see ya

[15:47] {Threei}  take care nemo

[15:47] {Threei}  fern... my apology

[15:47] {nemo} Take it anyway I can get it

[15:47] {fernp} why

[15:47] {Threei}  I found another easy money play,

[15:47] {Threei}  looked you up,

[15:47] {Threei}  you weren't here

[15:47] {Threei}  so I had to give it to the rest of the room

[15:48] {fernp} oh...

[15:48] {Threei}  even though they didn't deserve anything but struggle plays

[15:48] {dptl} test.

[15:48] {fernp} lol

[15:49] {fernp} easy money like everybody

[15:50] {Threei}  must be my bad influence... people abandon atempts to speak English {G}

[15:51] {fernp} everyone likes easy money

[15:51] {Threei}  I'll be a party poopwer and say "but not everyone deservers it"

[15:53] {Threei}  a bit narrow day which explains mostly scxalps

[15:53] {Threei}  red on somewhat lower volume

[15:53] {Threei}  so maybe just a pullback

[15:54] {wulff} expiration in AM

[15:56] {Threei}  wow

[15:57] {dptl} ok...have a good evening all

[15:57] {Threei}  I seriously didn't expect to see FAS here today

[15:57] {Threei}  take care dp

[15:57] {fernp} later dp

[15:58] {Threei}  okay guysd

[15:58] {Threei}  thank you all

[15:58] {Threei}  have a great evening

[15:58] {Threei}  see you tomorrow

[15:58] {vint} good evening all

[15:58] {fernp} good day here. TY Vad

[15:58] {Threei}  :)

[15:58] {fernp} good evening all

[15:59] {dino} out mant .63 +.12

[16:00] {dino} out isrg flat

Mar 18 2009

Beautiful day, mostly thanks to a very strong (and proven correct) feeling that rally was brewing while market retreated. It led to a series of long calls that worked like charm. FAS, BAC, STT, RIMM - all usual suspects, and served faithfully.

Session Time: Wed Mar 18 00:00:00 2009

[08:30] {Threei}  *FEB CONSUMER PRICE INDEX M/M: 0.4% V 0.3%E;

[08:30] {Threei}  *Q4 CURRENT ACCOUNT BALANCE: -$132.8B V -$137.1BE

[08:30] {Threei}  - Prior revised from -$174.1B to -$181.3B

[08:32] {nemo} see news on SUN?

[08:32] {nemo} mornin'

[08:34] {Threei}  I don't see anything fresh on SUN

[08:34] {nemo} jump on rumors IBM takeover

[08:35] {Threei}  oh

[08:35] {Threei}  that's JAVA

[08:35] {Threei}  not SUN

[08:35] {nemo} sorry should just have sent call sign.  Previous life I worked with Sun Microsystems

[08:36] {Threei}  company is called Sun

[08:36] {Threei}  so easy to mix them up

[08:36] {nemo} especially for me

[08:37] {nemo} actually, it used to be called Sun Microsytems

[08:37] {nemo} systems

[08:41] {Threei}  AIG over 1

[08:42] {Threei}  03/18/09 07:18am

[08:42] {Threei}  Senator Grassley (R): We need contrition and apologies from people on Wall Street

[08:42] {Threei}  - Believes he and Senator Baucus have written "a constitutional bill."

[08:42] {Threei}  - Reminder: Yesterday Senators Baucus (D) and Grassley (R) proposed a bill to tax, up to 98%, the bonuses of employees at financial firms receiving bailout funds from the government.

[08:42] {Threei}  why do I find it very disturbing

[08:42] {nemo} Want my opinion?

[08:42] {Threei}  with all the disgust for this bonus pracice,

[08:43] {Threei}  I can't feel at ease with rewriting laws and contracts after the fact

[08:48] {nemo} That's the issue Vad.  Having said that, the rule of law has never applied to the rich and powerful.  We get little bones of show trials once in a while.  About 40 years ago, in a sense, the rule of law was done away with for the poor.  There's been an erosion of being held responsible for one's actions.  Now, with this example of the recent debacles, it's front and center.  Does "Humanity and Justice" ring a bell?

[08:48] {Threei}  JAVA

[08:48] {Threei}  UNVEILS OPEN CLOUD PLATFORM

[08:48] {Threei}  - Sun also outlined that a core element of its strategy is to offer public clouds and previewed plans to launch the Sun Cloud, its first public cloud service targeted at developers, student and startups.

[08:48] {Threei}  - Sun also announced the release of a core set of Open APIs, unveiled broad partner support for its cloud platform and demonstrated features of the Sun Cloud.{IBM}

[08:58] {Threei}  FASB ISSUES PROPOSALS TO BOOST FAIR VALUE MEASUREMENTS GUIDANCE

[08:58] {pita} gm all

[08:58] {nemo} shoul we just buy FAS now?

[08:58] {Threei}  that's roundabout way to talk about m2m

[08:58] {Threei}  pita :)

[08:59] {Threei}  - Reminder: On 3/17 FASB said it is planning to publish two papers proposing permitting banks and other companies to value securities using computer models rather than market prices.

[08:59] {nemo} So we'll go back to what got us in trouble in the first place

[09:00] {fernp} Hello everybody

[09:00] {Threei}  fern :)

[09:00] {cosmo} smoke&mirrors again

[09:00] {Threei}  yeah... what could be better than vodka to cure an alcoholic

[09:00] {Threei}  - The FASB today issued two proposed staff positions (FSPs) intended to provide additional application guidance regarding fair value measurements and impairments of securities. Proposed FSP FAS 157-e, Determining Whether a Market Is Not Active and a Transaction Is Not Distressed, provides guidelines for making fair value measurements more consistent with the principles presented in FASB Statement No. 157, Fair Value Measurements. Proposed FSP FAS 115-a, FAS 124-a, and EITF 99-20-b, Recognition and Presentation of Other-Than-Temporary Impairments, provides additional guidance designed to create greater clarity and consistency in accounting for and presenting impairment losses on securities.

[09:02] {dino} gm all

[09:02] {Threei}  dino :)

[09:02] {dptl} good morning

[09:02] {Threei}  dp :)

[09:02] {nemo} "Hair of the dog..."  never works for me.  I try it regularly.

[09:02] {pita} hey dino, belated happy birthday!

[09:02] {magoo} morning

[09:03] {nemo} How are you this morning Dino?

[09:03] {Threei}  magoo :)

[09:03] {Threei}  dino... how's hangover?

[09:03] {nemo} Magnus Magus :)

[09:04] {magoo} my roman name?

[09:04] {nemo} Means "great magician"

[09:05] {magoo} :0

[09:09] {dino} no hangover, and thx pita

[09:09] {vinod} gm

[09:09] {Threei}  vinod :)

[09:10] {Threei}  the only thing congress is busy with now is bonuses

[09:11] {Threei}  what an unbelieavble distraction

[09:11] {pita} congress must express indignation

[09:11] {Threei}  and find a scapegoat

[09:11] {pita} rightous indignation

[09:12] {ese} morning

[09:12] {cosmo} that man behind the curtin did it....

[09:12] {dino} oz?

[09:12] {Threei}  now it starts sounding lke AIG derivative traders havce caused whole financial crisis

[09:12] {cosmo} y

[09:12] {Threei}  ese :)

[09:13] {Threei}  BALTIC DRY BULK INDEX -5.7%; SIXTH STRAIGHT DECLINE

[09:13] {nemo} Great way for Congress to deflect attention from their active complicity in the mortgage debacle

[09:13] {cosmo} we'll be told not to call them traders

[09:13] {Threei}  actually they are/were now

[09:13] {Threei}  they sold insurance

[09:14] {nemo} Yeah...Credit Default Swaps are just insurance policies

[09:14] {nemo} magoo dcc

[09:15] {ese} when that baltic intdex takes off so will drys

[09:15] {cosmo} i need retention incentive insurance ...i think

[09:15] {ese} and egle

[09:15] {Threei}  and OCNF

[09:16] {ese} indeed

[09:17] {vint} good morning everyone

[09:18] {Threei}  vint :)

[09:19] {ese} vint

[09:20] {cosmo} JAVA busy

[09:20] {Threei}  AIG CEO:LEGAL OBLIGATIONS AND REALITIES OF COMPETITION CREATED BONUS NECESSITY - CONGRESSIONAL TESTIMONY

[09:20] {Threei}  problem with JAVA is, whole gap is based on rumor

[09:21] {Threei}  get caught long at the moment of denial hitting the wire, no way to control your loss

[09:21] {Threei}  alternatively, get caught short when they confirm rumor... :)

[09:24] {Threei}  so far, no clear play for the open

[09:24] {cosmo} never bet against the sun rise

[09:24] {dino} mrx

[09:24] {nemo} oooohhhhh cosmo

[09:24] {dino} dri

[09:24] {cosmo} :)

[09:24] {dino} online ed's getting hit

[09:31] {magoo} wow..aapl over 100

[09:34] {ese} JAVA is one to watch....up 57% in euro trading yesterday

[09:34] {ese} or overnight

[09:34] {Threei}  [09:20] {Threei} problem with JAVA is, whole gap is based on rumor

[09:34] {Threei}  [09:21] {Threei} get caught long at the moment of denial hitting the wire, no way to control your loss

[09:35] {magoo} vad..faz may be of interest if mkt pullsback

[09:38] {dino} es, dri?

[09:39] {Threei} Long Setup:  RIMM  .40 if stays above .25

[09:40] {dino} dri 35 strike and drop

[09:43] {nemo} well...fas left the station

[09:44] {pita} so did aapl

[09:45] {magoo} aapl nuts

[09:48] {Threei}  FAS, let's try to bid into pullback

[09:48] {Threei}  closer to .60

[09:49] {nemo} holding at the average in the BBs

[09:49] {nemo} so much for that

[09:51] {Threei}  .66 in

[09:51] {magoo} 66in

[09:52] {Threei}  ready to add if going lower, got half of what I want

[09:53] {Threei} Long Setup:  AAPL  .70 break half lot

[09:53] {Threei}  invaliadted

[09:55] {Threei}  got second half at .53

[09:55] {dino} dri sm s .80, risky

[09:55] {Threei}  stop under .40

[09:55] {nemo} in .57

[09:58] {vinod} 100.53 or 101.53

[09:58] {Threei}  that was for FAS vinod...

[09:58] {Threei}  [09:52] {Threei} ready to add if going lower, got half of what I want

[09:58] {Threei}  [09:55] {Threei} got second half at .53

[09:58] {vinod} thanks

[09:59] {Threei}  stop to .45

[09:59] {Threei}  out half .65

[09:59] {Threei}  stop to .49

[10:03] {Threei}  stop to .55

[10:03] {nemo} I'll remember that this time

[10:05] {Threei} Long Setup:  STT  .70 break if stays above .55, half lot

[10:05] {magoo} in

[10:06] {pita} blew by

[10:07] {Threei}  not a scalp for me mags

[10:07] {magoo} gotcha

[10:07] {magoo} .69 in

[10:08] {Threei}  reached over 1:1 for scalpers

[10:08] {nemo} should we get in on stt?

[10:08] {nemo} if closer to original break

[10:09] {Threei}  15 cents stop on half lot... I don't see why not

[10:11] {magoo} mkt killing it

[10:11] {nemo} stopped fas

[10:12] {dino} dri bstop to flat bad entry

[10:14] {magoo} RIMM here vad?

[10:14] {dino} stopped

[10:14] {Threei}  not sure about RIMM

[10:14] {Threei}  weak

[10:18] {magoo} news STT?

[10:19] {Threei}  nothing of substance

[10:19] {Threei}  half out

[10:19] {Threei}  .88

[10:20] {ese} L SPLS 1/2 .53

[10:20] {Threei}  stop to .65

[10:21] {ese} stop at .36

[10:22] {dino} of course cover dri flat 5 minutes later drops .50

[10:22] {fernp} I'm long AIG from 1.00, half out here .14 

[10:22] {fernp} give me a stop Vad, pls

[10:23] {Threei}  1.04 at this point

[10:23] {fernp} ty

[10:23] {Threei}  you heeded my "if breaks 1 likely to pull C on us" alert? :)

[10:25] {Threei}  STT 1:2

[10:25] {fernp} exactly that is the reason Vad :-)

[10:26] {Threei}  :)

[10:26] {Threei}  stop to under .80

[10:26] {ese} lots of false breakouts ????  anyone else finding that ........ SPLS giving me the same problem as a bunch of other stocks yesterday

[10:26] {Threei}  feel free to take profits STT as you see fit

[10:26] {tomg} ty vad

[10:26] {Threei}  tom :)

[10:28] {Threei}  I am out STT in full

[10:28] {Threei}  .20

[10:28] {Threei}  solid 50 cents profit

[10:28] {magoo} out .26 BEAUTY

[10:29] {Threei}  time to trail stop more aggresively on AIG fern.. and partial out

[10:29] {fernp} sold 1/4 .22

[10:30] {Threei}  DOE CRUDE: +2.2M V +1ME

[10:30] {magoo} wheres the AAPL bounce zone vad?

[10:30] {Threei}  I don't have read on it here

[10:31] {fernp} 1.13 new stop for AIG?

[10:31] {magoo} oh yes u do...dig deeper:)

[10:31] {Threei}  either .09 or .13

[10:31] {magoo} STT could BE THE player

[10:31] {magoo} 28ish

[10:31] {Threei}  depending on your desire to keep profits

[10:31] {nemo} dino is quiet

[10:32] {fernp} my desire? then stop below .20 :)

[10:33] {Threei}  well :)

[10:33] {Threei}  gotta find some compromise between taking what's available and attempting to let it gorw :)

[10:33] {fernp} yeah. my stop is .13

[10:34] {dino} dri sm s break .50

[10:34] {dino} yeah nemo, waiting for mrx to come back to me

[10:35] {dino} uthr too

[10:35] {ese} SPLS....stopped

[10:36] {ese} .-17

[10:36] {magoo} mkts getting clubbed

[10:37] {Threei}  financials are holding relatively well though

[10:37] {dino} well, opt ex week, need a 2% down day

[10:39] {fernp} out AIG

[10:39] {Threei}  there is a hearing on AIG in the senate right now

[10:40] {Threei}  probably adds to volatility

[10:42] {Threei} Long Setup:  FAS  .60 break if stays above .50

[10:42] {Threei} Long Setup:  STT  .20 break half lot if stays above 27

[10:43] {Threei} Long Setup:  BAC  .55 if stays above .50

[10:44] {magoo} in

[10:44] {magoo} in

[10:44] {magoo} not in

[10:44] {pita} in fas

[10:44] {dino} uthr sm l .56

[10:45] {vinod} in fas

[10:46] {Threei}  if my feel for this moment is right, we are about to see rally resumption

[10:47] {Threei}  FAS 1:1

[10:47] {Threei}  half out

[10:49] {nemo} stop to where on fas

[10:49] {magoo} gutsy call there doug{kass}

[10:49] {Threei}  .58

[10:49] {nemo} ty

[10:50] {Threei}  what are you talking about mags?

[10:50] {Threei}  STT spiked to .39?

[10:50] {Threei}  where was I

[10:51] {Threei}  BAC 1:1

[10:51] {Threei}  half out

[10:51] {Threei}  stop to .53

[10:51] {pita} ty 

[10:51] {pita} FAS

[10:51] {Threei}  scalpers know what to do, I am giving routine for day trade

[10:51] {fernp} out BAC C and HIG 1:1

[10:52] {Threei}  HIG eh

[10:52] {Threei}  forgot about that dog with fleas

[10:52] {fernp} same pattern

[10:52] {Threei}  yeah

[10:52] {Threei}  C is beyond belief

[10:54] {magoo} yea..wish i had 20k shares @ 2

[10:54] {Threei}  FAS breaks .75, trail stop to .65

[10:54] {dino} dri stopped -.35 

[10:56] {magoo} out FAS .77 tyb boss

[10:56] {dino} mrx l .23

[10:56] {Threei}  BAC 1:2

[10:57] {Threei}  FAS over 1;2

[10:57] {magoo} STT has 28 TODAY in it

[10:57] {magoo} not easy ride

[10:57] {Threei}  no, but 1:1 almost

[10:58] {magoo} im waiting .63

[10:58] {Threei}  solid gains on all calls guys, manage them according to your risk tolerance and monetary needs from here

[10:59] {Threei}  FAS is likely to do another run at 6 today

[11:00] {Threei}  and this tiome should take it

[11:01] {Threei}  thanks to aggressive entry BAC is at frikin 1:4

[11:01] {fernp} C is already above 3

[11:01] {Threei}  and still moving

[11:01] {magoo} frikin 

[11:01] {magoo} u mean frakkin

[11:01] {Threei}  I mean friukin

[11:02] {fernp} scalped from 2.80 to 2.90 grrrr

[11:02] {Threei}  10:46] {Threei} if my feel for this moment is right, we are about to see rally resumption

[11:02] {Threei}  was it a good feel or was it a good feel

[11:03] {magoo} all bow to "lord vader" :)

[11:03] {magoo} STT was your best

[11:03] {dino} gj guys

06[11:03] * Threei accepts the bow and retreats in his castle for the session of navel-gazing

[11:04] {fernp} yesterday:

[11:04] {fernp} [15:55] {Threei}  feels like tomorrow we are likely to be back in bullish mode, buying pullbacks

[11:04] {Threei}  worked like charm eh

[11:05] {Threei}  6 is taken on FAS

[11:05] {Threei}  over 1:4

[11:05] {nemo} So, does the pullback come before 7

[11:05] {Threei}  BAC I can't even compure r/r anymore

[11:06] {nemo} 1:6

[11:06] {magoo} let me try

[11:06] {Threei}  ty

[11:06] {magoo} uh, um,,never mind

[11:06] {nemo} just take your shoes and socks off Magoo

[11:07] {Threei}  backing off for now

[11:07] {magoo} out stt .,44

[11:07] {magoo} ty

[11:07] {Threei}  welcome

[11:07] {Threei}  gotta see how pullbacks are supported

[11:07] {magoo} saw it fall

[11:08] {Threei}  wow C

[11:08] {Threei}  look at this waterfall

[11:11] {dino} mrx stop to .35

[11:12] {dino} out mrx .35, +.12

[11:19] {dino} magoo, the only guy i know who hurts his knee walking down the hall

[11:21] {magoo} i just did

[11:21] {Threei}  lol

[11:21] {magoo} i hurt myself sleeping one night too

[11:22] {Threei}  I don't want to know

[11:22] {nemo} sure it wasn't the wife?

[11:22] {magoo} not sure actually

[11:22] {dino} out of shape

[11:24] {Threei}  what just happened?

[11:25] {nemo} prez on?

[11:25] {dino} nada

[11:25] {vinod} i got package no canadian gold coin in it

[11:25] {vinod} got package today- vad

[11:25] {nemo} zip, zed, Dino?

[11:26] {vinod} now will have to study it---hard part

[11:26] {dino} exactly

[11:26] {Threei}  cool.... but why did you expect canadian coins in it?? :)

[11:26] {vinod} you guy got lots of gold in canada

[11:27] {Threei}  well, it's not like we ship it evrywhere... we keeop it for ourselves

[11:28] {vinod} thanks

[11:28] {dino} stingy people

[11:28] {dino} :-)

[11:28] {Threei}  canucks?

[11:28] {Threei}  yeah

[11:28] {dino} ehhhh

[11:28] {Threei}  blame Canada {G}

[11:29] {dino} don't tell the senators that or they wi;;

[11:30] {dino} will

[11:31] {Threei}  FAS starts forming break 6.05 with stop under 5.90

[11:32] {Threei}  let's make it discretionary call guys

[11:32] {Threei}  you likey you takie

[11:32] {Threei}  no likey - sit ity out

[11:32] {Threei}  chart is right, time of the day is wrong

[11:32] {nemo} Threei's dry cleaners

[11:33] {nemo} Fed meeting today too, yes?

[11:33] {Threei}  yeah

[11:33] {nemo} maybe time for a 6 martini lunch

[11:34] {dino} uthr stop to .96

[11:34] {Threei}  AIG sharp down

[11:34] {dino} out +.40

[11:36] {Threei}  CREDIT SUISSE COMMENTS THAT IBM FOR JAVA ACQUISITION DOES NOT MAKE STRATEGIC SENSE; SEES NTAP AND EMC AS POTENTIAL TAKEOVER TARGETS IN THE SECTOR (TIMING UNCERTAIN)

[11:39] {dino} last try dri sm s .94

[11:39] {magoo} FAZ vad??

[11:40] {Threei}  not by me

[11:41] {pita} later all

[11:41] {Threei}  take care pita

[11:43] {dino} cya pita

[11:43] {magoo} financials clubbed

[11:45] {Threei}  I am listening this hearing on AIG

[11:45] {Threei}  they make it sound like the very idea of CDS is ridiculous

[11:46] {Threei}  and AIG fooled whole world

[11:46] {Threei}  sold insurance they couldn't pay off in case it's claimed

[11:47] {Threei}  I would assume any insurance company selling any kind of insurance WILL be bankrupted if all insured come in with claims

[11:47] {dino} i'm watching kardashians

[11:49] {nemo} kim?

[11:50] {dino} and sister on e, no volume, music on

[11:50] {dino} cnbc wears me out

[11:50] {dino} dri bstop is .03

[11:53] {dino} mrx l .19

[11:54] {dino} v sm l .00

[11:55] {Threei}  (US) GAO OFFICIAL: US HAS NO CLEAR STRATEGY FOR EXITING AIG

[11:56] {Threei}  as if there was any possibility to exit it without losses

[11:56] {dino} turn it into insuror of last resort, for hurricane insurance

[11:56] {nemo} and as if we'll ever know how much

[12:00] {dino} dri stopped -.08 done w/it

[12:00] {ese} java just going nuts

[12:01] {Threei}  WSJ: IBM LIKELY TO PAY BETWEEN $11-12/SHR FOR COMPANY

[12:01] {Threei}  {IBM}

[12:03] {magoo} [12:00] {ese} java just going nuts

[12:03] {magoo} [12:01] {

[12:03] {magoo} ty es...hit .50 to .80

[12:07] {ese} nice mags

[12:10] {dino} mcd sm l .00

[12:14] {Threei}  IBM CEO: PLANNING ON EVALUATING ACQUISITIONS IN THE E-DISCOVERY SECTOR

[12:17] {ese} what is e discovery

[12:17] {ese} ese discovery

[12:18] {Threei}  poor FAZ

[12:19] {vint} we traded FAZ at 41 yesterday,,now 32.7

[12:19] {vinod} it hit 52 wk low

[12:19] {Threei}  and interestingly enough, I've no slightest desire to touch it here

[12:20] {vinod} it may reach fas price

[12:23] {nemo} BAC break .01 if holds .90?

[12:24] {Threei}  yup

[12:25] {Threei}  so, let's see

[12:25] {Threei}  there is an insert in the bonus regulation that allowed these payments,

[12:25] {nemo} ivalamidated

[12:25] {Threei}  and no one in the senate admits they inserted it

[12:25] {Threei}  no one knows how it got there

[12:25] {nemo} I thought it was Dodd?

[12:26] {Threei}  he says no

[12:26] {Threei}  frank says no

[12:26] {Threei}  when I get my car insurance, I put my initials next to each correction,

[12:26] {Threei}  each number that is not in standard form

[12:27] {Threei}  how about lawmakers do the same?

[12:27] {Threei}  validate what they sign?

[12:27] {Threei}  what a mess...

[12:29] {nemo} lawmakers are the ultimate irresponsible criminals

[12:35] {Threei}  hey!!!

[12:35] {Threei}  who didn't we see today yet?

[12:36] {Threei}  comeon, it's an easy question

[12:36] {nemo} prez

[12:36] {Threei}  A+

[12:36] {nemo} what i win?

[12:36] {Threei}  door prize to be determined yet

[12:37] {nemo} Well, my days as a door man, the prize was usually a close-up of the asphalt

[12:37] {Threei}  oh great

[12:37] {Threei}  he says AIG presented such an enormous danger for the system

[12:38] {Threei}  and I thought it was uncotrolled credit expansion... overextended leverage...

[12:40] {Threei}  "why were they making so much money at all? that entire culture has to change"

[12:40] {Threei}  stop the planet, I want to get off

[12:41] {Threei}  Antarctic is the last place I can immigrate to, and I hate cold

[12:41] {nemo} no broadband

[12:41] {Threei}  good

[12:42] {nemo} get a pet penguin

[12:42] {Threei}  (US) PRESIDENT OBAMA: WORKING ON PLAN FOR A "RESOLUTION AUTHORITY" WITH AUTHORITY OVER "ALL FINANCIAL INSTITUTIONS" SIMILAR TO THE FDIC TO PROTECT CREDITORS, DEPOSITORS AND CONSUMERS TO "PREVENT ANOTHER AIG"

[12:42] {Threei}  - Note that Federal regulators on Tuesday extended by four months a temporary rescue program guaranteeing hundreds of billions of dollars in U.S. banks' debt, saying it has boosted banks' funding but the money flow in the financial markets still hasn't regained normal levels

[12:43] {dino}  he has created about 100 new authorities/committees

[12:43] {Threei}  and doesn't seem to be slowing down

[12:44] {dino} govt getting much bigger and markets getting regulated to death

[12:45] {nemo} http://cnsnews.com/public/content/article.aspx?RsrcID=45206

[12:45] {nemo} the first test of breaking Posse Comitatus...nobody knows who asked them to come?

[12:46] {Threei}  nobody's working harder than Tim

[12:46] {Threei}  ummm... good job brownie?

[12:52] {Threei}  - reiterates bubble and bust economic model can not continue; business model of creating paper wealth can not be the model going forward; must seek to create long term growth.

[12:52] {Threei}  - Remarks that the decision to bailout AIG was correct at the time{XLF

[12:52] {Threei}  bubble and bust economic model can not continue - this sounds to me like attemot to cancel day and night

[12:53] {Threei}  no night anymore... it's day all the time

[12:56] {nemo} FAS doesn't want to give up 6

[12:57] {Threei}  mama mia

[12:57] {Threei}  I just got spam e-mail telling me how to get some of bailout money

[12:57] {nemo} como se va?

[12:57] {Threei}  US MAY CONSIDER EXPANSION OF TALF PROGRAM TO INCLUDE DISTRESSED ASSETS

[12:59] {Threei}  COULD USE PUBLIC/PRIVATE PROGRAM TO BUY TOXIC ASSET

[12:59] {Threei}  - Could also expand role of FDIC{

[13:00] {Threei}  scammers are so incredibly invwentive

[13:00] {nemo} is that like invwesting

[13:00] {Threei}  kind ofvw, yes

[13:04] {Threei}  BAC is attacking 7 for so long

[13:04] {Threei}  still worth wastching for break, IMO

[13:04] {Threei}  as long as it has decent stop size

[13:04] {nemo} I only have 2 eyes, unfortunately

[13:04] {nemo} .85 stop?

[13:05] {Threei}  so far, .90 support of the last pullback

[13:05] {Threei}  .95 even but that's a bit extreme

[13:06] {nemo} you think if it brakes 7 somebody might try to slam stops?

[13:06] {Threei}  no idea

[13:06] {Threei}  this is not a stock where anyone can do that

[13:06] {Threei}  look at the volume and thickness

[13:06] {nemo} yes

[13:07] {nemo} What $ value would you have to spend in stock to do it?

[13:08] {Threei}  take some average 10 cents move, add volume for the time it ook

[13:08] {Threei}  multiply by the price

[13:08] {nemo} $30 million

[13:09] {nemo} give or take

[13:09] {Threei}  sound too little to me

[13:10] {nemo} if I were to put in a sell at 6.00, would it be taken right away?

[13:10] {Threei}  huh?

[13:10] {Threei}  I don't understand

[13:10] {nemo} If I were to short BAC right now at 6.90 while it's at .97, would the order be taken right away?

[13:11] {Threei}  if entered as direct sell, yes

[13:11] {Threei}  if you want it to be a 6.90 you need to enter it as stop

[13:11] {nemo} o.k.  thanks

[13:11] {Threei}  through OMS module

[13:13] {nemo} So, everyboy and his uncle is waiting for BAC to break 7, does that make it a dangerous buy?

[13:14] {nemo} everybody

[13:15] {Threei}  OK... on average, moving this stock by 10 cents requires about 190 million dollars

[13:15] {Threei}  good luck with that

[13:15] {nemo} let me get out my checkbook

[13:19] {Threei}  over 1:1 with stop under .95

[13:20] {Threei}  quick and nice scalp type I

[13:20] {dino} v stopped -.40 sm

[13:21] {jmb} Thanks Vad

[13:21] {Threei}  welcome

[13:22] {Threei}  over 1:1 with stop under .90

[13:27] {Threei}  Liddy being grilled

[13:31] {dino} nue sm l .00

[13:42] {magoo} vadddddddddddddd

[13:42] {Threei}  ?

[13:42] {magoo} need some dough

[13:42] {Threei}  sheesh

[13:42] {Threei}  you are just insatiable, aren't you

[13:42] {magoo} took stt long .30

[13:43] {i2romantis} wow, what a volume

[13:44] {dino} mrx stop to .31

[13:44] {Threei}  don't tell me we didn't perform today mags

[13:44] {dino} v big old rinse

[13:44] {magoo} no u did GREAT...i just want MOREEEEEEEE

[13:44] {Threei}  I think I was the only one in this universe who nailed exact moment of new rally starting

[13:45] {vint} Vad- yr thoughts on RIMM

[13:45] {Threei}  PREVIEW: FOMC RATE DECISION DUE OUT AT AROUND 2:15PMET

[13:45] {Threei}  **consensus expectation is for the rate to remain at 0.25%.

[13:45] {Threei}  **Expectations on today's FOMC statement vary widely, from no change to speculation the Fed could make specific announcements about new actions ranging from buying Treasury securities to adopting explicit inflation targeting. The most likely outcome is that the FOMC will continue to hold off on any major changes in its statement today as it continues to discuss and review alternative actions and assesses the impacts of the government's TARP and stimulus packages, the newly launched TALF program, and observes the effects of the quantitative easing being undertaken in the UK.

[13:45] {Threei}  we are too close to FOMC vint

[13:45] {dino} to .35

[13:45] {vint} THX

[13:46] {dino} to .45

[13:46] {Threei}  I wouldn't take any new positions now

[13:47] {dino} chicken

[13:47] {Threei}  clukc clukc cluck

[13:47] {nemo} discretion is the better part of valor you MICK!

[13:48] {dino} out mrx .49, +.30

[13:48] {dino} lol nemoooooooooo

[13:49] {nemo} O

[13:49] {nemo} I'm a guinea/mick  worst of both worlds

[13:49] {dino} need a soda, spicy beef jerky

[13:49] {Threei}  out of beer?

[13:49] {nemo} Parma Prosciutto and a pint of Guiness

[13:50] {dino} mmmmm

[13:51] {Threei}  Liddy says there is an exit strategy

[13:51] {Threei}  well... I'll be amazed if they pull it off

[13:51] {nemo} yeah...currency default

[13:51] {dino} for him there is, golden parachute

[13:51] {cosmo} back ... G. Gorgon Liddy?

[13:51] {Threei}  well, he uis retired

[13:52] {cosmo} gordon

[13:54] {dino} you see the change iunder this administration, they talk too much...under bush, he would just tell cheney to take liddy hunting

[13:54] {Threei}  lol

[13:54] {dino} problem solved

[13:54] {Threei}  his predecessor then

[13:54] {nemo} He's not that good a shot

[13:54] {Threei}  not Liddy

[13:55] {nemo} somethin' tells me G. Gordon would have got the better of him

[13:55] {dino} out nue .33, +.33

[13:55] {Threei}  guy came out of retirement by govt's request to work for $1 a year and help clean up the mess

[13:56] {Threei}  if I were him I would refuse even to come to senate hearing

[13:57] {dino} well that explains it, what do you expect if you don't pay the guy

[13:58] {cosmo} oh ...THAT guy .....TARPgate this time

[13:59] {cosmo} .... he's done

[13:59] {Threei}  wow

[13:59] {Threei}  listenng?

[14:00] {cosmo} negligence need not be prooved

[14:01] {dino} kangaroo court

[14:01] {Threei}  Liddy read aloud death threats, as exp,lanation why he is hesitant to give names of bonus receipients

[14:02] {cosmo} kangaroos better watch their backs

[14:02] {Threei}  with all the rage pumped by all the levels of pliticians starting with president, I will be amazed if no one gets hurt in this story

[14:03] {cosmo} google RTC from the 1980's

[14:03] {cosmo} as a model

[14:04] {dino} they should either charge them with something or drop the act

[14:06] {cosmo} i like this guy's moral intent....sigh

[14:07] {cosmo} and there are others....

[14:10] {fernp} BAC testing 7 again

[14:13] {Threei}  2 min till FOMC

[14:14] {dino} down then up

[14:14] {Threei}  FHFA'S LOCKHART: FNM AND FRE BONUSES 'REASONABLE'

[14:14] {Threei}  - Reminder: Earlier the WSJ reported that FNM was to pay 'large' bonuses to FNM execs

[14:15] {cosmo} such a deal ...50% bonus return?

[14:15] {Threei}  Liddy says AIG is largely done unwinding CDS

[14:16] {Threei}  if market resumes rally, ADBE would be my candidate

[14:16] {dino} bet ya liddy wishes he borrowed from dino now

[14:17] {dino} i may have charged a higher rate, but still....

[14:17] {Threei}  *FOMC LEAVES RATE UNCHANGED AT 0.25%; AS EXPECTED;

[14:17] {dino} out mcd .40, +.40

[14:17] {nemo} adbe just blasted off

[14:17] {Threei}  TO PURCHASE ADDITIONAL $750B MORE OF AGENCY MBS, TO PURCHASE $300B OF LONGER TERM TREAURIES

[14:18] {dino} out tap +.40

[14:19] {Threei}  - To purchase $100B of GSE deb

[14:23] {Threei}  - Notes job losses, declining equity and housing wealth and tight credit conditions have weighed on consumer sentiment and spending; anticipates policy actions to stabilize financial markets and institutions; inflation to remain subdued

[14:23] {cosmo} QQQQ wants 30

[14:23] {magoo} see my 28????

[14:24] {nemo} awful lot of Rhino horns out there

[14:24] {dino} cpla sm l .64

[14:24] {Threei}  anyone managed to get ADBE?

[14:24] {nemo} blew up as you called it

[14:24] {dino} tbt crushed

[14:25] {nemo} dji up 127

[14:26] {dino} t l sm .00 trig

[14:26] {Threei}  (US) US ATTY GENERAL: CONSIDERING TREASURY TOOLS FOR RECOVERING THE AIG BONUSES

[14:27] {dino} tbt, bottom thoughts vad?

[14:27] {dino} 2x short 20 year

[14:27] {wulff} FAS drop

[14:28] {Threei}  no way to catch it in time dino... too wild

[14:28] {dino} missed ,.21 entry

[14:28] {dino} not like this mtg was shocker for bonds

[14:28] {Threei}  feels like more downside

[14:29] {nemo} back to the dramamine

[14:29] {dino} watch tbt then nemo

[14:29] {nemo} ohoh

[14:29] {Threei}  TLT

[14:29] {Threei}  TREASURY CUVE FLATTENS FOLLOWING FOMC STATEMENT

[14:29] {Threei}  - the Fed's decision to purchase $300B in long term treasuries narrows the bechmark spread more than 30 basis points towards 170 basis points

[14:30] {dino} ty

[14:30] {nemo} this all get's so ridiculous...you take this paper...I'll give you that paper

[14:32] {dino} the game the game

[14:34] {cosmo} liddy worse than crammer?

[14:34] {nemo} interesting thought: http://zerohedge.blogspot.com/2009/03/financial-co...

[14:34] {magoo} vad..u got anything?

[14:35] {Threei}  too hectic

[14:35] {Threei}  if AUY drops into 8, would be interesting

[14:35] {Threei}  under would be even better

[14:40] {magoo} STT sick

[14:40] {magoo} hardly pulled back vad

[14:43] {magoo} wheres obama to ruin rally

[14:44] {cosmo} he's glued to the tube

[14:44] {Threei}  FED: TREASURIES PURCHASES TO BEGIN LATE NEXT WEEK

[14:47] {magoo} dam..got bumpped out..now no replay

[14:47] {magoo} vad..post my way earlier 28 call

[14:47] {dino} sm l tbt .20mrx l .48

[14:47] {Threei}  STT pulled back into support

[14:49] {dino} tbt no fill

[14:50] {dino} out cpla .04 +.40

[14:50] {Threei}  if took .50 or so STT, take profit

[14:51] {Threei}  MOODY'S: FED'S DECISION TO BUY TREASURIES OUTRIGHT HAS NO RATINGS IMPLICATIONS

[14:54] {cosmo} that's priceless

[14:55] {dino} mrx stop to .55

[14:56] {dino} to .61

[14:56] {dino} t stop to .10

[14:57] {dino} mrx .63

[14:58] {dino} out mrx .63, +.15

[15:00] {dino} out t .10

[15:01] {dino} anyone trading besides magoo and i?

[15:01] {dino} aqnd me, not i

[15:02] {nemo} good one, takes the object case

[15:03] {dino} ahh mannnnn, sometimes i expect too much

[15:04] {dino} rimm, gild, v not participating

[15:04] {nemo} rimm participated, but everyting seems to be backing off a bit

[15:04] {nemo} BAC holding up

[15:05] {Threei}  yeah, BAC feels like breakout brewing

[15:05] {Threei}  if holding above .25 while market digests pullback

[15:05] {nemo} should go when FAS turns?

[15:05] {nemo} or xlf

[15:05] {Threei}  probably

[15:06] {Threei}  RIMM holding support well

[15:07] {Threei}  if market reverses from here, should be long as long as doesn't lose .50

[15:08] {Threei}  here goes BAC

[15:09] {Threei}  RIMM close enough to support to try

[15:10] {Threei}  on market uptick

[15:10] {magoo} shit..took .65

[15:11] {Threei}  ?

[15:11] {dino} watching qid

[15:12] {nemo} 1/2 out bac 1:1

[15:12] {patience} gold and silver running nicely

[15:12] {magoo} out .43 BAC TY

[15:12] {Threei}  welcome

[15:12] {nemo} ty Lord V

[15:12] {jmb} Thanks Vad BAC

[15:12] {magoo} [15:10] {magoo} shit..took .65

[15:12] {magoo} too high

[15:12] {Threei}  US ADMINISTRATION OFFICIAL: AIMING TO CLOSE REGULATORY GAPS, NEED STRONG INVESTOR AND CONSUMER PROTECTIONS; OBAMA WILL AIM TO REFORM SYSTEMIC RISK TOOLS

[15:12] {Threei}  jmb :)

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

[15:15] {Threei}  take care dp

[15:15] {dino} cya dp

[15:19] {nemo} whoa RIMM

[15:20] {dino} vz s .80

[15:20] {Threei}  who said whwere what?

[15:20] {nemo} network must be down

[15:20] {nemo} or the prez likes PALM

[15:21] {nemo} Holy manure!

[15:22] {nemo} Hey mags, FAZ

[15:22] {Threei}  bounce time

[15:23] {Threei}  RIMM .90 break if holding above .75

[15:23] {dino} cov vz .68, +.12

[15:23] {Threei}  invalidated

[15:23] {nemo} better go to China and catch RIMM on the other side

[15:24] {dino} too soon on vz

[15:24] {nemo} too soon on everything

[15:25] {Threei}  whew... caught .61 - .85, too fast

[15:28] {vinod} miss all the action today-better luck tomorrow

[15:29] {Threei}  yeah, market will be here

[15:29] {Threei}  I promise

[15:29] {nemo} Vad..you runnin' for office?

[15:30] {vinod} my unexped bid for faz at 27 got filled can't believe this 200 share

[15:31] {vinod} bid was there from few days ago

[15:39] {dino}  uthr

[15:40] {dino} sm l .45

[15:50] {Threei}  tough decision here to taker anything overnight or not

[15:50] {Threei}  I think I'll refrain

[15:50] {nemo} would think a consolidation in the morning

[15:50] {Threei}  too much noize

[15:51] {Threei}  if anything, I'd take BAC

[15:51] {Threei}  stronger than FAS

[15:53] {dino} out uthr .81, +.36

[15:54] {dino} thinking that's it

[15:54] {dino} good times

[15:54] {Threei}  my watch says this is it

[15:55] {vinod} see you tomottow

[15:55] {Threei}  take care vinod

[15:55] {Threei}  BAC new high

[15:55] {Threei}  nice strength

[15:55] {dino} l8r vinod

[15:56] {Threei}  financials are the strongest

[15:57] {Threei}  probably will lead tomorrow again

[15:57] {nemo} gold metals, mining strong too

[15:57] {nemo} gold mining that is

[15:57] {Threei}  yeah

[15:57] {Threei}  silver not bad too

[15:58] {nemo} SLW gained 82

[15:58] {Threei}  FAZ 26

[15:58] {nemo} ultra's don't make for investing

[15:58] {dino} decent golf ball tho

[15:59] {Threei}  lol

[15:59] {Threei}  okay guys

[15:59] {Threei}  thank you all

[15:59] {dino} darn tbt missed it 3 times

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