May 21 2009

Noticeable improvement over previous days, as we hit 5 out of 8 and kept stops well controlled. Considering long weekend coming, tomorrow may not offer much though.

Session Time: Thu May 21 00:00:00 2009

[08:10] {Threei}  Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET - Expectations for initial claims are 625K v prior release of 637K (range seen from 585K to 675K)

[08:13] {ese} good morning.....got caught up in work /phone calls yesterday and had to leave the board early

[08:14] {ese} appologies for not saying good bye

[08:14] {Threei}  morning ese

[08:14] {Threei}  I am not sure it can ever be forgiven...

[08:14] {Threei}  you may well be looking at years of redemption...

[08:14] {ese} trout smackings etc etc

[08:15] {Threei}  ashes sprinkling over your head

[08:15] {Threei}  extensive soul-searching in the mountain cave

[08:16] {Threei}  (don't forget to leave the address so I drop by with 6-pack)

[08:16] {ese} coming up with anew religion to save the world

[08:16] {Threei}  they say it's profitable

[08:16] {ese} will do

[08:18] {ese} DDUP  +5,80

[08:19] {Threei}  Chrysler could reportedly eliminate all dealerships if bankruptcy deal with Fiat goes unapproved by Bankruptcy Court

[08:19] {Threei}  great

[08:19] {Threei}  have a look at AUY

[08:20] {Threei}  10 break on daily looks tempting

[08:20] {Threei}  pretty much depends on gold strength

[08:21] {ese} yes indeed

[08:22] {magoo} morning

[08:22] {Threei}  magoo :)

[08:22] {ese} hey mags

[08:22] {Threei}  buying at 10

[08:23] {magoo} what at 10 boss

[08:23] {Threei}  AUY

[08:23] {Threei}  look at daily

[08:24] {ese} anyone catch that move in auy yesterday

[08:24] {magoo} whats news TSRA

[08:25] {Threei}  SOLF Canaccord Adams Raised SOLF to Buy from Hold

[08:25] {Threei}  TSRA Has won a ITC chip-patent case against Qualcomm

[08:25] {Threei}  - The ruling said that Qualcomm, Motorola and four other companies infringed on the company's patent...more... (related QCOM BRCM MOT )

[08:25] {Threei}  yesterday

[08:31] {Threei}  *INITIAL JOBLESS CLAIMS: 631K V 625KE; CONTINUING CLAIMS: 6.662M V 6.650ME

[08:31] {Threei}  - Prior jobless claims revised from 637K to 643K

[08:31] {Threei}  - Prior Continuing Claims revised from 6.560M

[08:35] {fernp} good morning everybody

[08:35] {Threei}  fern :)

[08:39] {ese} fern

[08:52] {Threei}  ESLR is an embodiment of ugliness

[08:54] {ese} i would agree

[08:55] {ese} share offering at 1.80

[08:56] {ese} BRCD on the other hand has potential

[08:56] {Threei}  BRCD Reports Q2 $0.11 v $0.09e, R $506.3 v $476.4Me

[08:56] {Threei}  - Q2 gross margins 56.2% v 59.7% q/q

[08:57] {Threei}  BRCD Exec: Confident on firm's ability to exceed top and bottom line forecasts provided last quarter - conf call

[08:57] {Threei}  - Note: Back on 2/19, co. expected normal to greater than normal seasonal decline in Q2; guided FY09...more...

[08:58] {Threei}  AUY formed 9.90 - 10

[09:00] {ese} was there news  for auy vad?

[09:01] {Threei}  no

[09:01] {Threei}  gold strength is helping it

[09:02] {nemo} ese, check all the gold and silver stocks

[09:03] {ese} will do

[09:10] {Threei}  AUY took 10

[09:11] {nemo} I have it @10.05 between 7:54-8:00

[09:13] {pita} gm all

[09:13] {Threei}  pita :)

[09:14] {ese} pita

[09:14] {pita} hi ese

[09:15] {dptl} good morning all

[09:15] {Threei}  dp :)

06[09:16] * nemo slaps magoo around a bit with a large trout

[09:24] {patience} good morning RT   :)

[09:25] {Threei}  patience :)

[09:25] {ese} hmmmm    haven't seen the TRIN index at 4.16 since sept / nov

[09:25] {ese} patience

[09:25] {chinggis} gm all

[09:25] {ese} cha ching

[09:26] {jfjf64} mornin

[09:26] {ese} patience....gold is your specialty......what do you make of AUY

[09:27] {Threei}  shingis, jf :)

[09:28] {ese} jf

[09:28] {jfjf64} lets get em today  boys

[09:29] {ese} some major selling goin on  with that trin index at 4+

[09:30] {dino} gm

[09:30] {patience} let me look ese

[09:30] {Threei}  dino :)

[09:30] {ese} dino

[09:30] {Threei}  watching WFC for pullback

[09:32] {ese} i'm thinkin bstop at .06 for auy patience

[09:32] {patience} ese, daily and weekly rsi for AUY ... i wouldn't buy and hold...good for a scalp.  i sold all of my underlying gold stocks early yesterday morning and just hold calls right now

[09:32] {patience} looking

[09:32] {ese} good to know tks

[09:33] {Threei}  around 23.90 first interest but not an entry by default

[09:33] {Threei}  just prepare order woth .95 limit and sit pretty

[09:34] {patience} i don't see gold futures popping yet ese, i am just waiting

[09:35] {Threei}  no pullback

[09:35] {Threei}  don't want to chase it

[09:37] {ese} tks patience

[09:38] {patience} :)    my puts on potash....happy day

[09:38] {ese} don't have access to old futures chart...where do you get that from

[09:38] {ese} gold

[09:39] {jfjf64} wfc

[09:41] {patience} i watch bnn and also feed from Kitco

[09:44] {ese} kitco....? whats that

[09:44] {Threei} Long Setup:  HIG  under .10

[09:45] {nemo} http://www.kitco.com/

[09:45] {patience} www.kitco.com    its a gold site i use

[09:48] {ese} tks   will look into that

[09:48] {Threei}  HIG 1:1

[09:51] {ese} l drys .46

[09:54] {pita} with you ese - stop?

[09:54] {ese} .36 pita   have a couple of lots

[09:54] {pita} ty

[09:55] {ese} q's not going in our favor thought

[09:55] {Threei} Long Setup:  GERN  .95 break

[09:55] {Threei}  if stays above .85

[09:56] {ese} we;ll see....as dino says....stick to the plan

[09:56] {Threei} Long Setup:  HIG  .10 break if stays above 15

[09:56] {magoo} in hig

[09:59] {ese} yes....thats what we like to see....up now

[09:59] {Threei}  takes too long

[10:00] {Threei}  *APRIL LEADING INDICATORS: 1.0% V 0.8%E

[10:00] {Threei}  - prior revised from -0.3% to -0.2% (related SPY SHY EUR/USD )

[10:01] {ese} come on drys......is the philly fed gonna burn me......

[10:02] {Threei}  1:1

[10:02] {ese} noooooo.....the q's like it.........you all like the play by play

[10:02] {fernp} out HIG ty VAD

[10:02] {Threei}  welcome

[10:03] {Threei}  GERN 1:1

[10:03] {ese} consolidating .40 to .45 pita......

[10:03] {Threei}  HIG 1:2, full out who held part

[10:04] {Threei}  GERN Ticks up on renewed takeover chatter

[10:04] {Threei}  heh

[10:05] {dino} nearest gaps, 8268, 1355, 882

[10:05] {Threei}  (US) Treasury Sec Geithner: Govt bailout program is helping to improve stability of the financial system - House committee testimony

[10:05] {Threei}  - Govt borrowing risks crowding out private investment. (related EUR/USD GBP/USD USD/JPY USD/CHF USD/CNY TLT SHY )

[10:05] {Threei}  HIG, don't do it

[10:05] {Threei}  GERN over 1:2

[10:06] {dino} schw l .00

[10:07] {magoo} out gern .20 TY vad

[10:07] {Threei}  welcome

[10:07] {dino} fast foods holding well

[10:07] {dino} pnra, bwld, mcd, aipfc

[10:07] {magoo} out hig .53 TY

[10:08] {dino} ed's ok too

[10:08] {Threei}  wow

[10:08] {Threei}  you held it this long?

[10:08] {jfjf64} wow wow

[10:08] {Threei}  wait, let me guess

[10:08] {magoo} yup

[10:08] {Threei}  you bought it and fell asleep

[10:09] {ese} i've done that ....

[10:09] {ese} come on drys....you wanna cover that gap

[10:10] {ese} stopped 1/2

[10:10] {ese} drys -,10

[10:12] {ese} still holding onto 1 lot

[10:12] {ese} we'll see

[10:12] {Threei}  funny symbol... FUQI

[10:13] {pita} out earlier, watching DRYS w you ese

[10:13] {Threei}  btw, don't get scared now but Prez on TV any minute

[10:13] {Threei}  not on economy

[10:14] {ese} ok

[10:14] {Threei}  SCLN Rodman & Renshaw, Inc. Initiates SCLN with Mkt Outperform, price target: $5 (timing uncertain)

[10:14] {Threei}  - likely pre-open

[10:15] {ese} back long drys another lot .35

[10:15] {dino} nvec

[10:15] {dino} crazyu 5 day

[10:16] {ese} avg price .41

[10:16] {dino} watching, nvec, bwld, gme, bwy

[10:17] {Threei} Long Setup:  STT  .110 break half lot

[10:17] {Threei}  under .95 invalidated

[10:18] {Threei}  let's modify it

[10:18] {Threei}  43 break

[10:18] {Threei}  stop under .90

[10:18] {Threei}  half lot!

[10:18] {magoo} in

[10:18] {Threei}  it didn't break yet

[10:19] {nemo} ready...fire...aim

[10:19] {ese} am out drys if it breaks .29

[10:19] {ese} doesn't look as though i'm gonna win here

[10:19] {Threei}  and market is still downticking... aggressive entries are recommended if market leads in your direction

[10:20] {Threei}  US House Appropriations Chair: Cannot support the IMF with US funds until Europeans increase their efforts on stimulus (related EUR/USD USD/CHF GBP/USD BUNDS )

[10:20] {Threei}  wow... do I hear common sense coming from House??

[10:20] {ese} thought that what i was doing with drys ...maybe not

[10:21] {Threei}  wasn't addressed to you ese

[10:21] {Threei}  over 1:1 STT

[10:22] {ese} ok.......was still agressive entry .......hanging on by a thread

[10:23] {ese} somtimes you are the bug sometimes you are the windshield.......

[10:23] {ese} out drys .28

[10:23] {pita} splat!

[10:23] {pita} know the feeling well

[10:23] {ese} too funny

[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'

[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'

[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )

[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'

[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'

[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )

[10:24] {Threei}  sorry for double

[10:24] {nemo} vodka in coffee?

[10:24] {Threei}  who DELL intends to take market share back from?

[10:25] {nemo} HP?

[10:25] {Threei}  hard to imagine anyone would buy HP... but whatever

[10:25] {dino} cern

[10:25] {ese} who in the DELL.....interesting way to phrase it

[10:25] {nemo} have one of their laptops

[10:26] {Threei}  GERN lost its mind

[10:27] {Threei}  can I have my .18 sell back?

[10:27] {ese} am gonna keep watching drys pita.......am gonna give it another shot at 6.50

[10:28] {pita} watching w you

[10:29] {Threei}  STT went over 1:2... mags, what is it you want from it??

[10:30] {ese} 6 is major support for this stock with a 9 target......theres money here somewhere

[10:30] {nemo} yeah, but wouldn't the stop have been moved to b/e after 1:1

[10:30] {Threei}  I just know he is holding itr

[10:30] {nemo} itri?

[10:30] {Threei}  so I am trying to nudge him back into reality

[10:30] {nemo} why? he's never been there

[10:31] {Threei}  but I am still trying

[10:31] {Threei}  I don't give up on people

[10:31] {Threei}  even on magoo

06[10:31] * nemo slaps magoo around a bit with a large dose of Vadreality

06[10:31] * Threei slaps magoo around a bit with a large dose of realty in a bottle

[10:31] {nemo} oh shit

[10:32] {nemo} Funny, never looked for reality in a bottle :)

[10:33] {Threei}  (CA) Canadian Fin Min: Canada is not making preparations to place limits on Credit Card interest rates (related DFS AXP MA V COF )

[10:33] {Threei}  good

[10:39] {dino} sm l bwld .53

[10:44] {dino} intc l .24

[10:53] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[10:58] {Threei}  (US) House Panel reportedly rejects proposed renewable energy legislation with nuclear clauses

[10:58] {nemo} figures

[11:02] {Threei} Short Setup: CAT  .70

[11:03] {nemo} too fast

[11:06] {Threei}  US Treasury Sec Geither: US must implement policies that encourage a sustainable confidence in the USD

[11:06] {Threei}  yes please

[11:12] {magoo} HIG prob good here

[11:12] {nemo} stop

[11:12] {Threei}  not sure mags

[11:12] {magoo} i am

[11:12] {magoo} .15 when i said it

[11:13] {Threei}  good luck then

[11:13] {nemo} hehehehe

[11:16] {Threei}  HIG is kind of 50/50 here mags

[11:16] {Threei}  not a trade I would be willing to put on now

[11:16] {nemo} why 50/50 now?

[11:16] {Threei}  we are 4 for 5, why dive again in that pattern of small stops destroying profits

[11:17] {Threei}  breaking the pattern of lacklustre days I prefer to keep profit and remain on conservative side, especially coming into long weekend

[11:17] {nemo} so, it's not pattern specific?

[11:17] {Threei}  what?

[11:18] {nemo} on HIG

[11:18] {nemo} it's probability?

[11:18] {Threei}  what pattern is that?

[11:18] {Threei}  I see no pattern

[11:18] {nemo} Guess that's the point, just running a channel

[11:19] {magoo} well..financials started a bounce when i called it...plus mkts started a slight bounce

[11:19] {magoo} it should be scalpable

[11:19] {magoo} stop .97

[11:19] {Threei}  yes, and add to that the fact that this whole week market tended to fall into random moves after brief period of opening activity

[11:19] {magoo} thinking .47 ecxit

[11:20] {magoo} but heh..who knows..who cares

[11:20] {magoo} take it..scalp it..or stop it:)

[11:21] {magoo} RF moving wfc moving stt moving

[11:21] {magoo} HIG...GET MOVINMG HE HE

[11:21] {ese} out to teach a class catch you all in an hour or so.......i may miss dyrs run

[11:21] {Threei}  we will hold the lid on it ese

[11:21] {nemo} maybe not Magoo though

[11:22] {jfjf64} see ya ese

[11:22] {magoo} ill go long drys ESE, that will hold it down for u

[11:22] {ese} tks vad appreciae that.....oh for sure mags will definately profit at my expense

[11:22] {ese} se what i mean

[11:22] {fernp} I am long drys 6.26 ese

[11:26] {nemo} gold an silver coming back

[11:26] {patience} bought more calls of Goldcorp hour ago

[11:26] {patience} geithner started speaking, pop goes gold

[11:27] {nemo} soon the greenback will only good as toilet paper

[11:27] {nemo} on second thought, won't even be good for that

[11:27] {patience} stop, you'll make vad cry

[11:28] {nemo} why...he's Loonie?

[11:28] {Threei}  give it a 3 seconds thinking

[11:28] {Threei}  not more to avoid crushing headaches

[11:28] {nemo} you told me not to think :)

[11:29] {nemo} Let me stand up and take the pressure off my brain

[11:35] {nemo} Trading tomorrow before the holiday, should be quiet...probably means it won't

[11:37] {dino} snps

[11:38] {jfjf64} 9.00 break  fas   what ya  think  vad

[11:39] {dino} dw

[11:39] {Threei}  nah

[11:39] {Threei}  spiked into 9 from 8.90

[11:39] {Threei}  not without pullback

[11:39] {jfjf64} see that 

[11:39] {Threei}  and come consolidation between these two levels

[11:40] {jfjf64} tkin time  but  see paths  we  tk    ty

[11:41] {magoo} wow

[11:41] {dino} would like to see 1355 and 882 fill

[11:41] {magoo} i had offer out there .47 stt..went get coffee..look at top

[11:42] {Threei}  jeez... you held your STT all this time?

[11:42] {magoo} no

[11:42] {magoo} reentered on hig call

[11:42] {Threei}  okay

[11:42] {magoo} btw..hig working

[11:44] {magoo} .16 cents HIG

[11:44] {magoo} no complaints

[11:45] {jfjf64} goota  run   see  ya  guys  in  little

[11:45] {Threei}  tak care jf

[11:48] {dino} cya jf

[11:50] {pita} gotta go, happy huntin'

[11:51] {Threei}  pita :)

[11:52] {Threei}  dino

[11:52] {Threei}  it's offical: we are in minority

[11:52] {dino} cya pita

[11:52] {Threei}  55% Back Higher Fuel-Efficiency Standards  Even If Car Costs More

[11:52] {dino} yeah, but 85% will not buy them

[11:52] {Threei}  true

[11:53] {Threei}  yapping and acting are two different things

[11:53] {dino} hey, i'd like more efficiency, but i'm not sizing down for 5 extra miles/gallon

[11:55] {Threei}  AUY did it, but I'll be damned if I could read that move i=on intraday

[11:56] {nemo} slw on break of .45?

[11:57] {Threei}  by chart yes

[11:57] {Threei}  problem is, these names do not really trade on their own merits

[11:57] {Threei}  they follow gold/silver

[11:57] {Threei}  and I don't have read on those

[11:58] {nemo} where's patience?

[12:01] {dino} sm l dw .75

[12:04] {patience} where's nemo?

[12:04] {nemo} swimming

[12:04] {nemo} poking cyclops eye out

[12:05] {dino} who's nemo?

[12:05] {nemo} what's a matador?

[12:06] {dino} what's on second

[12:08] {Threei}  GM Reportedly UAW reaches agreement with the US Treasury and GM; includes modifications to labor contracts and to VEBA trust (related F.IT F )

[12:09] {dino} ddrx

[12:09] {dino} these coffee co. are wierd

[12:11] {magoo} hey look HIG

[12:11] {magoo} out

[12:12] {magoo} [11:19] {magoo} thinking .47 ecxit

[12:17] {Threei}  good job

[12:26] {Threei}  how do finnies stay near highs while market goes for breakikng the lows?

[12:27] {magoo} thgey are strong..so if mkts ripped up..the would too

[12:27] {Threei}  that's a very strange divergence

[12:35] {nemo} and this market is normal?

[12:38] {dino}  as normal as it will be for a long time

[12:39] {dino} in my opinion, te difference is the internet, as in everything happens instantly. nobody waits for the news paper to read and think about it anymore

[12:39] {Threei}  I don't know whether there is such thing as normal market

[12:39] {Threei}  it's just a matter of adaptability

[12:39] {dino} therefore reactions are fast, furious, and overreations

[12:40] {Threei}  DRYS is finally showing signs of life

[12:40] {Threei}  LVS Plans to officially open Bethlehem, PA casino 5/22

[12:41] {dino} lots of casinos close to me all of the sudden

[12:44] {dino} ctxs

[12:47] {Threei}  AMGN Teva files patent complaint against AMGN, claiming Sensipar uses a Teva patent

[12:49] {Threei}  hitting day low

[12:49] {ese} i'm back....and missed drys to boot

[12:49] {Threei}  .10 break is worth a try short

[12:49] {Threei}  if stays under .20

[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA

[12:50] {chinggis} sorry what stock vad?

[12:50] {dino} 12:50 bounce time

[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA; to open doors May 22

[12:50] {Threei}  - will debut with 3,000 state-of-the-art slot machines and a variety of dining and entertainment opt...more...

[12:50] {Threei}  AMGN chinggis

[12:50] {chinggis} ty

[12:56] {ese} auchhh nu aye!!!!   i've gotta stop this workin for a livin......it's pains me to see drys like this....

[12:56] {Threei}  lol

[12:57] {ese} if it goes past .75.....who knows where it will end

[12:57] {dino} zzzzzzzzzzzzzzzzzz

[12:58] {ese} how bout CEPH dino

[12:58] {ese} long at 60........

[12:59] {Threei}  no go AMGN

[13:00] {dino}  nice entry

[13:00] {ese} lets have a look then

[13:01] {dino} bwy app. lod, thin

[13:01] {ese} entrez vouszz  where vad

[13:01] {Threei}  huh?

[13:01] {nemo} ceph vad

[13:01] {ese} amgn

[13:01] {nemo} he shorted ese

[13:02] {Threei}  I am beyond lost

[13:02] {Threei}  I'll leave it to you to sort out that dialog

[13:02] {ese} oh oh...got that wrong

[13:02] {dino} stay w/us vad, lol

[13:02] {Threei}  not easy dino, not easy :)

[13:02] {ese} when you said no...go amgn....i thought you were talking to me to consider amgn

[13:03] {nemo} You talkin' to me?

[13:03] {dino} sometimes i expect too much

[13:03] {ese} drys ...ever=ready battery

[13:04] {ese} wheres pita.....did he do anything with drys

[13:05] {ese} auy mosied on up there as well

[13:05] {nemo} and slw

[13:08] {ese} ok dino am considerin 1/2 Ceph at .00

[13:08] {ese} with the price target lowered to 80 from 90.....it's gotta be a sure thing.....it's just gotta

[13:09] {ese} well that attempt at a joke went over like a lead balloon

[13:10] {patience} tough crowd ese    :)

[13:10] {Threei}  going to try FAZ .43

[13:11] {ese} no kidding

[13:12] {ese} how many vad......gonna with ya

[13:13] {Threei}  stop under .35, so calculate your size from it

[13:13] {nemo} kneeslapper ese

[13:15] {dptl} .

[13:15] {dptl} test

[13:15] {Threei}  passed

[13:15] {ese} in .4298

[13:17] {ese} hmmmmmm

[13:19] {Threei}  some youthful enthusiasm all of a sudden

[13:19] {ese} out .47 +.05 and a bit

[13:20] {Threei}  oh come on

[13:20] {dptl} so wierd ..i lost connection to everything but the room

[13:20] {Threei}  no faith whatsoever

[13:20] {Threei}  see dp... gods want you to listen to us only

[13:20] {ese} had too many shs.......05 is good

[13:20] {Threei}  no porn... no quotes

[13:21] {Threei}  too many - 50K?

[13:21] {nemo} vad, he probably had 20000 of the little buggers

[13:21] {ese} no quite

[13:21] {Threei}  offering .51

[13:21] {ese} 5k

[13:21] {Threei}  my a$$ is out

[13:21] {Threei}  5K too

[13:22] {ese} no sense in being greedy now

[13:22] {ese} nice move though

[13:23] {Threei}  5 out of 7 if my math is right

[13:23] {Threei}  much better day than first three

[13:23] {nemo} 3 more calls you'll have to take your shoes off

[13:23] {Threei}  adjusting is happening

[13:24] {Threei}  US Transportation Sec Lahood: US will not increase gas tax this year

[13:24] {Threei}  no?

[13:24] {Threei}  odd

[13:24] {nemo} don't worry, the states will

[13:24] {Threei}  I thopught "increase tax" is new prosperity mantra

[13:24] {ese} just lookin at it it's .04 and a bit not 5

[13:24] {nemo} politician prosperity mantra

[13:24] {Threei}  applicable at all levels, to all goods and services

[13:25] {Threei}  universal

[13:25] {Threei}  tax'em all, and let nobody feel forgotten

[13:25] {nemo} comrade

[13:26] {ese} ahh   wait a minute some did get filled at .42,,,.04 and a bit for some ,05 for some hmmm

[13:26] {Threei}  lol

[13:26] {Threei}  ese... you are as bad at math as any musician

[13:27] {Threei}  ask me how I know

[13:27] {ese} quick scalp trade....anything i could have done to improve that vad

[13:27] {ese} how do you know

[13:28] {Threei}  my wife's math skills lead her to conclusion that she is half my age

[13:28] {ese} ha ha

[13:28] {nemo} my grandmother was 29 for 43 years

[13:28] {ese}  i've been 52 for at least 8 years

[13:29] {Threei}  PIMCO's Gross attributes recent weakness in Bonds, USD, and Stocks due to fears US loses AAA rating

[13:29] {ese} no wait a minute i am 52....that means i got here sooner

[13:29] {nemo} Captain Obvious

06[13:29] * nemo gives vad a tissue

[13:29] {Threei}  it's a pure personal tolerance matter ese... I felt FAZ had some momentum, enough to overcome .50

[13:29] {Threei}  so I offered .51

[13:30] {Threei}  and I hated my performance over last three days so much that I flet I could press just a tad more on a first day when I finally start getting it right

[13:31] {Threei}  I am not pressing in a sense of trying to be overly active yet,

[13:31] {ese} was it prints you were looking at

[13:31] {ese} gave you that feeling

[13:31] {Threei}  but when a trade started moving, at least holding for 1:1 made sense to me :)

[13:31] {Threei}  whole anchilada... look at 1 min

[13:31] {ese} yes i should have done that for sure

[13:31] {Threei}  ascending channel established from 12:00

[13:32] {Threei}  higher lows,

[13:32] {Threei}  flat top around .40 - .42,

[13:32] {Threei}  break of it is entry signal,

[13:32] {ese} hmmm  yes....now that i'm looking at it

[13:32] {Threei}  volume started increasing toward this break

[13:33] {Threei}  thick stocks rarely trade straight up or down, it's always uptick/downtick,

[13:33] {Threei}  this one after the break started making 3 upticks/one downtick dance

[13:33] {Threei}  so... kind of working

[13:33] {Threei}  I let it work

[13:33] {ese} ya ...i'm not use to that yet.....got an uneasy feeling....

[13:34] {ese} call it lack of experience

[13:35] {ese} faz is thick for sure 222,000,000 shs to this point

[13:41] {ese} if fitb gets into that 5 to 6 range.....i'll be thinkin about playing it steady again

[13:42] {Threei}  nice retreat there

[13:42] {Threei}  HBAN too

[13:44] {ese} ya ...when it went haywire gapping up like it did.....i lost touch.....really couldn't tell what it was going to do next

[13:45] {ese} looks like it is coming back down to sanity

[13:56] {ese} outta here until tomorrw.....it's the job thing....would rather be hangin with you all ...take care

[13:57] {fernp} bye ese

[13:59] {dino} cya es

[14:07] {Threei}  PIMCO's BIll Gross: US and UK debt levels moving in wrong direction; not suggesting an imminent US downgrade - CNBC interview (related TLT SHY IEF EUR/USD )

[14:08] {dino} s/p filled

[14:10] {dino} -4% dji, ndx, s/p from yesterday hod

[14:11] {Threei}  starts feeling like crash coming

[14:12] {nemo} short everything?

[14:12] {Threei}  excpet FAZ, QID, SRS etc

[14:12] {nemo} and gold

[14:15] {patience} nope, not gold

[14:16] {nemo} exception patience, sorry if I wasn't clear

[14:16] {Threei} Long Setup:  QID  .70 break half lot

[14:16] {Threei}  if holding above .60

[14:16] {Threei}  if losing it, watch for bounce off .50

[14:16] {patience} i got it nemo   :)

[14:17] {dino} ndx filled

[14:20] {dptl} stopped

[14:22] {dptl} sigh...can't beleive this

[14:22] {Threei}  ?

[14:22] {dptl} got out .69

[14:22] {Threei}  I newver saw it losing .60

[14:23] {dptl} .59 sorry

[14:23] {dptl} i got filled at .59

[14:23] {Threei}  I saw prints out of bounds

[14:23] {Threei}  bid never went under .60

[14:24] {dptl} can't understand this ...i saw .59 and punched..

[14:26] {dptl} oh well the whole week is crap..for me and today i managed to pick all losers :cat amgn ...lol....gonna take a break

[14:30] {nemo} dp...you and I having same run...I started taking week off yesterday, comeback after holiday.

[14:30] {dptl} is it long weekend?

[14:30] {nemo} Memorial Day

[14:31] {dino} monday, no mkt usa

[14:31] {nemo} correct

[14:31] {jfjf64} cat  on  low  of  day   looks  want  to go lower  any read vad

[14:31] {dptl} ok ty

[14:31] {Threei}  everything looks like crashing to me jf

[14:31] {Threei}  that's why I took QID lng

[14:31] {Threei}  long

[14:32] {nemo} [14:11] {&Threei}  starts feeling like crash coming

[14:32] {nemo} [14:12] {nemo} short everything?

[14:32] {nemo} [14:12] {&Threei}  excpet FAZ, QID, SRS etc

[14:32] {nemo} [14:12] {nemo} and gold

[14:32] {nemo} [14:15] {patience} nope, not gold

[14:32] {nemo} [14:15] {nemo} exception patience, sorry if I wasn't clear

[14:32] {jfjf64} just got bk   ty

[14:33] {Threei}  NY: Fed: Dealers submit $13B in 28 day, $75B TSLF auction; $13B accepted; bid to cover ratio 0.17

[14:33] {Threei}  - Stop out rate 0.25%

[14:34] {dino} feels up to gut

[14:34] {Threei}  no crash

[14:34] {Threei}  upticking instead

[14:34] {Threei}  shrug

[14:41] {Threei}  .50 provided nice entry

[14:42] {Threei}  anyone went for it?

[14:45] {dino} nseems i was wrong

[14:46] {jfjf64} nice  read  qid

[14:47] {jfjf64} took  a little  time

[14:47] {jfjf64} wish  i got  involved

[14:47] {Threei}  you didn't short CAT?

[14:47] {Threei}  gave scalp from your mention

[14:48] {jfjf64} did   .58    

[14:48] {jfjf64} half  out .49

[14:49] {dino} 8200 has held since 05-02

[14:53] {Threei}  will try FAZ .70 if holding above .65

[14:54] {Threei}  jf, CAT stop .61 now?

[14:54] {jfjf64} ty

[14:54] {Threei}  feels to me like nice whoosh is coming

[14:55] {Threei}  I wouldn't be in hurry to cover if I were you

[14:58] {jfjf64} .55 took cover   holdin last quarter

[15:02] {jfjf64} .61 last   out

[15:03] {dino}  we are oppisites 3i

[15:03] {dino} wow spelled that off

[15:03] {Threei}  lol

[15:03] {Threei}  opposites complement and balance out each other

[15:03] {dino} lol

[15:10] {jfjf64} ya qid  marcin  again

[15:19] {Threei}  WFC...

[15:19] {dino}  ceph

[15:19] {Threei}  if market is trying for bounce, this one should be able to go to .50 - .60 area

[15:20] {Threei}  trying to find an entry

[15:20] {dino} ogxi continues up

[15:21] {Threei}  that one has no slightest connection with relality

[15:21] {Threei}  it gravity

[15:21] {Threei}  or this univesre

[15:23] {Threei}  ok... .30 break WFC if holding .25

[15:23] {Threei}  invalidated

[15:24] {Threei}  .20 is nice support though

[15:24] {Threei}  so, .25 break if ho,lding above .20

[15:25] {Threei}  ehatever

[15:25] {jfjf64} hmm

[15:27] {Threei}  look at OGXI spreadd

[15:29] {dino}  lol

[15:30] {Threei}  dino... market will prove both of us wrong

[15:30] {Threei}  will just stay here

[15:30] {dino} bidders

[15:31] {Threei}  rug pullers come next

[15:31] {dino} no, an ice cold beer is coming next

[15:32] {nemo} shot of vodka for me on the way out the door gnite maybe cya tomorrow

[15:32] {magoo} i hope so dino.i hope soo

[15:32] {dino} gn nemo, have a good one

[15:34] {Threei}  great... all QFC entries that never triggered and got invalidated, would have been profitable now, lolk

[15:34] {Threei}  WFC that was

[15:38] {dino} wow ogxi put on 2 pts since i said the name

[15:42] {Threei}  what's with GM sudden;y?

[15:45] {dptl} have a good evening all

[15:45] {Threei}  take care dp

[15:46] {dino} cya dp

[15:46] {dino} out intc .17 -.08

[15:46] {dino} -.07 i mean

[15:49] {dino} dw to .59

[15:53] {Threei}  can't believe WFC

[15:54] {Threei}  after all, it was "just close your eyes and buy"

[15:56] {dino} out dw .65, -.10

[16:00] {dino} out schw .80 -.20

[16:00] {Threei}  okay guys

[16:00] {Threei}  aside of this huge missed WFC move, more satisfied with today

[16:01] {Threei}  have a good evening, see you tomorrow

[16:01] {magoo} nite all

[16:02] {dino} gn all

May 20 2009

The same pattern third day in a row: a few nice wins, a few stops, could have slept in just as well. Not many setups end in follow through instead of shakeout.

 

Session Time: Wed May 20 00:00:00 2009

[07:14] {nemo} morning vinod

[08:00] {magoo} morning

[08:00] {nemo} magus

[08:01] {magoo} BAC was aws low as 10.54 last nite

[08:02] {nemo} yes...all financials popped

[08:04] {Threei}  good morning

[08:05] {Threei}  EGLE baby

[08:06] {magoo} u in and where?

[08:06] {magoo} morning:)

[08:07] {Threei}  [15:55] {Threei} okay guys, taking that leftover of EGLE home

[08:19] {magoo} u looking at anything to trade pre mkt vad?

[08:21] {Threei}  well... looking around, will say if something looks anywhere near attractive

[08:24] {magoo} any read here bacon?

[08:29] {magoo} man..only 14k volume and EGLE hit 7.90

[08:31] {Threei}  and I am not selling until 8

[08:32] {Threei}  or more

06[08:32] * nemo slaps Threei around a bit with a large roll of cash

06[08:32] * nemo slaps Threei around a bit with a large trout

[08:32] {Threei}  told you, 8 was written all over it

[08:35] {magoo} yea..prob is where can i get in without being beheaded/ i dont hold overnite

[08:40] {fernp} good morning everybody

[08:40] {Threei}  fern :)

[08:42] {Threei}  Shares of DSX, EGLE, GNK raised to Buy from Hold at a boutique firm

[08:47] {Threei}  OK... out EGLE .85

[08:47] {Threei}  +.55

[08:47] {nemo} Thought you were waiting for 8?

[08:48] {Threei}  plans change

[08:49] {Threei}  seems to stall

[08:49] {Threei}  knowing its charracter I rather prefer to let go and look for reentry

[08:49] {nemo} twice is twice

[08:55] {pita} gm everyone

[08:55] {Threei}  pita :)

[09:06] {ese} good morning

[09:07] {Threei}  ese :)

[09:07] {ese} things lookin up this morning

[09:09] {ese} we'll see how drys performs......will probably dump my remaining monday position

[09:10] {Threei}  in case you missed it, I sold my EGLE at .85

[09:11] {ese} nice.....this morning during premarket

[09:11] {Threei}  yeah

[09:11] {ese} dare i ask how many?

[09:11] {Threei}  remainder from yesterday's entry at .30, 600

[09:12] {Threei}  sold part yesterday

[09:12] {Threei}  kept overnight little bit

[09:12] {ese} nice to start a day with a profit in your pocket

[09:14] {ese} well lookee here....just as were talking about bulk carriers OCNF hits my screen

[09:14] {Threei}  break over 2 looks significant for it

[09:15] {Threei}  was important resistance

[09:15] {ese} yes

[09:15] {Threei}  COIN Announces $2.1M Registered Direct Offering of Common Stock; Proceeds to Be Used to Retire Debt

[09:16] {jfjf64} mornin

[09:16] {Threei}  jf :)

[09:18] {ese} jf

[09:20] {nemo} mags, where's dino?

[09:20] {dptl} good morning all

[09:21] {cosmo} BEXP needs to fill a gap  ...to 3.50  i would think...

[09:21] {Threei}  dp, cosmo :)

[09:21] {cosmo} 3i:)

[09:23] {Threei}  California Treasurer Lockyer: Looking for a backstop from the US government, notes the state needs to cut $20B from budget by June 1

[09:23] {Threei}  Preview: Treasury Secretary Geithner scheduled to testify on TARP before the Senate Banking Committee at 9:30amET

[09:24] {ese} thats Arnolds salary isn't it......no problem

[09:25] {ese} just don't take it from Disneyland until after we go....

[09:25] {dino} gm all

[09:25] {dino} isis?

[09:26] {magoo} vad..lets keep eye on CAT today

[09:27] {ese} dino

[09:27] {dino} gm es

[09:27] {Threei}  dino :)

[09:28] {Threei}  why mags?

[09:28] {nemo} dino

[09:29] {magoo} got a feeling

[09:29] {Threei}  my EGLE sell at .85 starts looking pure genius

[09:30] {nemo} How's the shoulder?

[09:30] {nemo} jeez

[09:30] {Threei}  *TREASURY'S GEITHNER: TOXIC ASSET PLAN TO OPERATE IN NEXT 6 WEEKS

[09:30] {Threei}  sheesh nemo... it's just a setup to say "now it looks very stupid:" whne it hits 8

[09:31] {nemo} Ohhhhhhhh

[09:31] {nemo} our humor is so jaded around here

[09:31] {Threei}  BAC CEO Lewis: Expects to see more merger activity in banking sector; BoA has enough on its hands for the mome

[09:33] {ese} L OCNF .97

[09:34] {Threei}  WFC

[09:34] {Threei}  this pullback for long

[09:34] {Threei}  half lot .90 break

[09:34] {Threei}  stop under .85

[09:34] {Threei}  .80 sorry

[09:35] {nemo} in

[09:35] {dptl} in

[09:35] {magoo} in

[09:37] {Threei}  half out

[09:37] {Threei}  26

[09:38] {fernp} out, ty Vad

[09:38] {magoo} u like EGLE down here?

[09:38] {Threei}  out in full 26.10

[09:39] {Threei}  not sure mags

[09:41] {Threei}  CAT

[09:42] {dptl} ty wfc all out

[09:42] {Threei}  welcome

[09:42] {ese} opps sorry forgot to say ...out ocnf  .05 +.07

[09:45] {Threei}  BRCM, lookinf for pullback entry

[09:46] {Threei}  jumped...

[09:46] {pita} CAT too

[09:48] {Threei} Long Setup:  SOLR  6.31

[09:48] {Threei}  stp under .20

[09:48] {nemo} jumpe

[09:48] {nemo} jumped

[09:49] {dino} brc, adi

[09:49] {magoo} missed that

[09:49] {dptl} ya me too

[09:49] {Threei}  EGLE exit still looks good

[09:49] {magoo} caught CAT off vads mention tho @ 38

[09:49] {magoo} oout ..34

[09:49] {magoo} TY

[09:49] {dino} epiq

[09:50] {Threei}  SOLR over 1:1 in an unlikely case anyone got it

[09:50] {magoo} out .36  i mean

[09:50] {magoo} wish i had

[09:50] {ese} thought about it  but thats it

[09:51] {nemo} had already jumped when I got it on screen

[09:52] {jfjf64} de

[09:52] {chinggis} DRYS vad?

[09:52] {Threei}  JNPR, looking for pullback to or under 23 for wentry

[09:52] {ese} L CENX .11

[09:53] {Threei}  not sure chinggis... don't like its weakness while market goes

[09:53] {chinggis} ok ty

[09:54] {Threei}  CAT Update: North American dealer sales -51% from 3 months to April ; Global dealer sales -39%- filing

[09:54] {ese} out cenx .18 +.07

[09:54] {Threei}  JNPR, if market spikes, .15 break is valid play as well, just a bit more risky

[09:56] {jfjf64} nice  puulback  de   ??

[09:57] {Threei}  too jumpy jf, no read

[09:57] {jfjf64} ty

[09:57] {Threei}  (US) Treasury Sec Geithner: Unwinding government interventions is a big challenge, not time to withdraw interventions quite yet - Senate testimony

[10:00] {Threei} Long Setup:  SOLR  .45 break

[10:00] {Threei}  if stays above .35

[10:01] {dptl} in

[10:01] {nemo} in

[10:02] {magoo} in

[10:02] {ese} missed it

[10:02] {Threei}  JNPR chose break

[10:02] {magoo} in .15

[10:02] {Threei}  stop for scalpers .08

[10:03] {nemo} missed

[10:03] {Threei}  for daytraders under 23

[10:03] {nemo} look at big order @ .51 on solr

[10:07] {nemo} stopped solr

[10:07] {dptl} stopped solr

[10:09] {dino} itri at it again

[10:10] {jfjf64} this jnpr   want to  explode

[10:10] {jfjf64} market help

[10:10] {jfjf64} pull back  cat  vad

[10:12] {Threei}  knowing how it pulls back, I would prefer to see it near .40 to get excited

[10:12] {jfjf64} ty vad

[10:13] {magoo} GE bounce vad?

[10:14] {ese} you in itri dino

[10:15] {Threei}  well, if market picks up .26 long mags

[10:15] {Threei}  with stop under .20

[10:15] {magoo} ok

[10:15] {Threei}  I would prefer deeper pullback

[10:16] {ese} 1/2  L itri 

[10:16] {ese} .45

[10:17] {ese} out itri .-72

[10:17] {nemo} -72 ese?

[10:17] {ese}  .72 

[10:18] {ese} just popped up there so i took it

[10:18] {ese} +.27

[10:20] {ese} must have been an avg price....i didn't even see a print for .72

[10:20] {dino} sm s brc .42

[10:21] {ese} dino you L itri

[10:21] {Threei}  JNPR 1:1 for scalpers

[10:21] {dino} not yet es

[10:21] {fernp} out. ty very much

[10:21] {dino} short in at 59.50 sm

[10:22] {ese} went L .45 out .72   it's till climbing

[10:22] {dino} gj

[10:23] {dino} thing was +7 yesterday

[10:23] {dino} getting a bit overdone imo

[10:23] {ese} i'll say

[10:24] {magoo} out jnpr .25 TY vad

[10:24] {ese} let me see......25000 shares  hmmmm +7......just kidding

[10:24] {Threei}  sure

[10:24] {Threei}  frikin CAT

[10:24] {dino} dji may highs

[10:25] {jfjf64} yikes

[10:25] {magoo} yea CAT..coulda made my day

[10:25] {fernp} BAC breakout, Vad?

[10:26] {Threei}  .25...

[10:26] {Threei}  let's see where it bottoms out on this pullback

[10:26] {Threei}  to place stop

[10:26] {fernp} ok

[10:28] {jfjf64} cat  pullback??

[10:28] {jfjf64} lk rollin  dice  correct

[10:30] {Threei}  *DOE CRUDE: -2.1M V -1.2ME; GASOLINE: V -1.2ME; DISTILLATE: V +1ME; CAPACITY UTILIZATION: % V 84.1%E - Distillate demand K bpd to M bpd

[10:31] {Threei}  CAT moves with market but doesn't give much of delay for entry

[10:31] {Threei}  .10 worth a try

[10:31] {Threei}  if holding above 39

[10:31] {jfjf64} k

[10:31] {Threei}  GASOLINE:-4.3M V -1.2ME; DISTILLATE:+670K V +1ME;

[10:32] {dino} sm s adi .61, stop .91

[10:32] {ese} L dell .54

[10:32] {ese} stop .44

[10:35] {Threei} Short Setup: KLAC  .70

[10:35] {Threei}  if stays below .80

[10:36] {dino} gremlins are back, have to shut down trade computer

[10:36] {nemo} what's happening Dino?

[10:37] {dino} email envelopessaying my message was unable sent. thing is i do not use email on this computer

[10:37] {nemo} do any surfing?

[10:38] {nemo} sounds like it's part of a bot net

[10:38] {nemo} in

[10:38] {dptl} in klac

[10:40] {dino} brc stopped -.31

[10:44] {ese} to the well too many times maybe this morning.....Dell not workin for me

[10:44] {ese} oop wait a minute

[10:45] {dptl} stopped klac

[10:45] {nemo} stopped klac

[10:45] {Threei}  JNPR 2 cents of 1:1 for daytraders

[10:46] {Threei}  let's exit it

[10:46] {Threei}  market becomes this "aimless up and down" again

[10:46] {ese} agreed

[10:46] {Threei}  don't want to let it slip away

[10:47] {ese} indeed

[10:48] {Threei}  look at it dropping

[10:51] {ese} du du du du ......come on dell.....

[10:51] {dino} adi stopped -.30

[10:54] {Threei}  GM Cuts Canadian dealerships by 42%

[10:54] {ese} plant closures?

[10:57] {jfjf64} any  read  cat  

[10:58] {Threei}  .50 is natural support for it

[10:58] {Threei}  let's see what market does when CAT approaches it

[10:58] {Threei}  need market help, CAT mostly moves with it

[11:00] {Threei}  jumped with not much chance for entry

[11:00] {jfjf64} mind  of its own

[11:01] {nemo} mmhhh fas and wfc going south...all financials going south

[11:02] {Threei} Long Setup:  EGLE  .56 if stays above .50

[11:03] {dptl} in

[11:03] {nemo} in

[11:04] {magoo} in

[11:05] {jfjf64} cat

[11:09] {Threei}  market is losing support

[11:09] {nemo} get out of egle?

[11:09] {Threei}  that's personal call

[11:11] {Threei}  if market breaks dow, CAT .50 break is tempting short

[11:12] {jfjf64} in .47

[11:12] {ese} out dell .48 -.07..........gonna wait the market oout a little

[11:13] {jfjf64} yikes

[11:17] {Threei}  cover half CAT here

[11:17] {jfjf64} yes

[11:18] {Threei}  sharp drop, scalpers exit

[11:18] {jfjf64} .39

[11:18] {dino} back

[11:19] {Threei}  took a w(h)ile dino...

[11:19] {dino} ok, on other system, s brc .60; s adi .99

[11:19] {Threei}  computer's OK?

[11:19] {dino} epiq taunting me

[11:19] {jfjf64} .43  remainder

[11:19] {dino} watching t

[11:20] {dino} we'll find out 3i, full scan, 5 threats, resolved, i hope

[11:20] {Threei}  SEC votes 3-2 to give investors greater proxy access

[11:21] {nemo} does egle become a short if it loses .50?

[11:21] {Threei}  cover CAT in full

[11:21] {nemo} sout egle

[11:22] {Threei}  +.30

[11:22] {dptl} sigh...stopped egle

[11:23] {Threei}  wow, even that cover was oo soon

[11:25] {dptl} well....looks like i am done for the day again :(

[11:25] {Threei}  didn't take CAT dp?

[11:26] {dptl} was it a call? CAT .50 break is tempting short

[11:27] {dptl} i thought its just tempting lol

[11:27] {Threei}  sheesh

[11:27] {Threei}  I am retiring

[11:27] {Threei}  you guys only need color alert to consider a tarde, not looking at the chart?

[11:28] {Threei}  then I do more damage to your trading than help it

[11:28] {nemo} calling me a tarde?

[11:28] {Threei}  you may like the trade or not, no problem with that

[11:28] {Threei}  but to skip it only because there was no color alert, this I don't get

[11:29] {jfjf64} red light  green light 123   lol

[11:29] {Threei}  yeah

[11:31] {dptl} could not take it anyway ,was in egle alredy,and want to stay within my risk limit for the day

[11:32] {jfjf64} got to  run    be  back  later

[11:33] {dino} cya jf

[11:35] {Threei}  JNPR was capable of more...

[11:35] {nemo} egle vad

[11:35] {Threei}  and frikin KLAC was a shakeout job

[11:36] {dino} isle

[11:36] {dino} wynn too

[11:37] {dino} adi stuck bstop to .06

[11:38] {dino} sm l mygn .90, stop lod

[11:42] {ese} nice exit from dell on my part.......

[11:43] {nemo} how's your shoulder ese?

[11:43] {ese} i take  $200 loss big deal.......

[11:43] {ese} still sore

[11:43] {nemo} cortisone shot...take a few days off from the skins

[11:44] {ese} tried to hit some balls on the weekend but had to stick with wedges...no drivers

[11:44] {ese} no cortisone for me

[11:45] {ese} Melvin Franklin of the Temptations died from too many of those shots

[11:48] {dino} sm s itri .50, wide

[11:56] {dino} snda drop

[11:59] {pita} later all

[11:59] {Threei}  take care pita

[12:02] {dino} cya pita

[12:14] {dino} brc to b/e

[12:15] {dino} thing won't drop

[12:15] {Threei} Long Setup:  CAT  .40 break

[12:15] {Threei}  if stays above .30

[12:18] {Threei} Short Setup: OGXI  .70 - .80 area small shares, stop above 14

[12:19] {Threei}  small shares, volatility is huge

[12:21] {dino} cov itri .00, +.50

[12:27] {dino} adi bstop to .75

[12:28] {dino} stopped adi, +.25

[12:28] {Threei}  let's trail CAT to .34

[12:34] {chinggis} Vad any read on THC?

[12:34] {Threei}  not really

[12:34] {chinggis} ok ty

[12:34] {Threei}  bidding OXGI .35

[12:35] {Threei}  timely tightening on CAT

[12:35] {nemo} lunch timely :)

[12:35] {dino} cov brc .31, +.29

[12:38] {Threei}  100 filled

[12:38] {Threei}  200 left

[12:38] {Threei}  come on unknown seller

[12:39] {Threei}  100 more

[12:39] {Threei}  100 left

[12:39] {Threei}  done

[12:39] {Threei}  +.40

[12:39] {nemo} amazing how much the spread tightened

[12:39] {nemo} now spread back out

[12:40] {nemo} You should go into bomb disposal

[12:44] {Threei}  RGLD Announces Reserve Increases - Gold reserves +30% to 64.2M ounces

[12:59] {Threei}  BAC refuses to sell with market and FAS

[12:59] {Threei}  interesting

[13:00] {nemo} see what selling 1.25 billion shares can do for you

[13:01] {Threei}  .60 break becomes menaingful trade

[13:02] {Threei}  stop under .55

[13:04] {nemo} stop

[13:04] {Threei}  to quote dp earlier, "sigh"

[13:08] {nemo} mygn Dino

[13:14] {dino}  stopped out .63 nemo

[13:15] {nemo} looks like it might be bottoming though

[13:22] {dino} gremlins back, out for awhile

[13:29] {chinggis} drys

[13:38] {Threei}  Preview: Minutes of the April 29 FOMC meeting and Fed's revised quarterly economic forecast due out at 2pmET **The main focus will likely be on any discussion of future plans for the timing and scope of furthe

[13:42] {Threei}  9.40 break FAS was standard play

[13:42] {Threei}  now... after so many of those not qworking,

[13:42] {Threei}  how do you go for another one?

[13:52] {Threei}  BAC forms another ascending triangle for .60 break

[13:52] {Threei}  decide if you are willing to try

[13:52] {magoo} ok..in .59

[13:54] {jfjf64} in.61

[13:58] {jfjf64} ton shares .56

[13:58] {Threei}  every level has tons

[13:59] {jfjf64} y

[14:00] {Threei}  don't pay attention to those levels on such thick stocks on level 2

[14:00] {Threei}  they have no significance

[14:00] {jfjf64} need  market  help   fas  

[14:01] {Threei}  *MINUTES OF APRIL 29 FOMC MEETING/FED FORECAST: SAW POTENTIAL TO BUY MORE ASSETS; see a deeper recession in 2009, slower recovery in 2010

[14:01] {Threei}  -0 Housing may be nearing a trough, with housing prices slow

[14:01] {Threei}  - GDP 2009 -1.3- to -2.0

[14:01] {jfjf64} stoped

[14:03] {magoo} yup

[14:09] {Threei}  US House reportedly approves credit card bill

[14:10] {Threei}  interesting how all this hoopla around credit cards doesn't really affect AXP or V prices

[14:11] {nemo} those bills don't take effect for a year after they're signed

[14:18] {dino} mygn nemo you were right

[14:18] {nemo} Ahhhhhh....my broken clock moment

[14:19] {nemo} except it had that shakeout above the lod before going higher.  Been a lot of shakeouts lately

[14:21] {Threei}  a lot?

[14:21] {Threei}  I'd say nothing but shakeouts

[14:21] {Threei}  those trades that worked almost seem like accident

[14:21] {nemo} I try not to be so absolutist

[14:21] {nemo} Yeah, always one shakeout early

[14:24] {Threei}  I intend to try GERN .77

[14:24] {magoo} is it a mover?

[14:24] {magoo} or slow?

[14:24] {nemo} O.K. what movie?  "No try, do or not do."

[14:24] {Threei}  you don't remember GERN?

[14:25] {dino} bwld stop to .92

[14:25] {magoo} nope

[14:25] {Threei}  wow... that redefines "day trader's memory"

[14:26] {Threei}  stop under .65, if doesn't resolve today will be willing to hold

[14:26] {dino} out bwld ave.93, +.33

[14:27] {nemo} don't remember you going in Dino

[14:28] {dino} when gremlins hit, switched systems

[14:28] {dino} had to cut off room

[14:28] {Threei}  what's with PEGA?

[14:28] {nemo} forgot about snda

[14:28] {Threei}  don't see any news

[14:28] {dino} also took idcc .25l, t .44 l, bwy .14 l sm

[14:29] {nemo} looks like pega might become icarus

[14:29] {dino} cgrb

[14:38] {Threei}  PALM BBY notes that may run out of Palm Pre in first week

[14:39] {Threei}  limited supply in first two months due to limited supply

[14:39] {Threei}  nice explanation

[14:39] {dino} lol

[14:40] {Threei}  reminds me my secretary back in Ukraine,

[14:40] {Threei}  being late for work she explained:

[14:40] {nemo} Reminds me of Governor Lepetomaine

[14:40] {Threei}  I left home too late,

[14:40] {Threei}  and when I asked why she didn't leave home earlier, she said:

[14:40] {Threei}  it was too late to leave earlier

[14:41] {nemo} Hey Dino, remember this line:  "Governor, think of your secretary"

[14:42] {dino} itri hod

[14:42] {dino} no

[14:42] {nemo} Blazing Saddles

[14:43] {dino} don't remember much of that one

[14:44] {nemo} me neither, just a few

06[14:45] * Threei kicks GERN in the rear

[14:48] {Threei}  did I kick it in the wrong side?

[14:49] {nemo} right at resistance

[14:49] {Threei}  I don't see much resistance up to 7

[14:50] {Threei}  6.85 is minor one

[14:50] {Threei}  rather fluke

[14:50] {Threei}  Update: US Govt has cleared California to receive $8B in stimulus for Medicaid - LA Times

[14:50] {nemo} yes.  window on daily chart between 6.92 and 7.10

[14:51] {Threei}  REDF Ticking higher on takeover chatter circulating

[14:51] {Threei}  Indian company

[14:51] {nemo} internet I believe

[14:52] {dino} sm s itri .96

[14:53] {dptl} have a good evening all....

[14:53] {Threei}  GERN baby

[14:53] {Threei}  let's tag that 7

[14:53] {Threei}  take care dp

[14:53] {dino} bwy stop to .45

[14:55] {Threei}  half out GERN

[14:57] {dino} out bwy .46, +.32

[15:03] {nemo} cya tomorrow folks

[15:03] {jfjf64} later nemo

[15:03] {Threei}  take care nemo

[15:05] {dino} cya nemo

[15:14] {jfjf64} s wfc .34

[15:18] {dino} cov itri .72, +.24

[15:37] {Threei}  let's decide

[15:38] {Threei}  bounce or breajkout for the eod?

[15:38] {Threei}  or breakdown, sorry

[15:38] {dino} bounce

[15:38] {dino} close green

[15:38] {Threei}  then WFC .50 break

[15:40] {dino} bwy l .32

[15:40] {Threei}  breakdown

[15:41] {dino} head fake

[15:41] {dino} maybe not

[15:43] {patience} POT finally broke

[15:49] {dino} bwy to b/e

[15:50] {dino} out

[15:51] {vinod} sorry I missed you guys today

[15:51] {vinod} vad-will do it this weekend

[15:51] {Threei}  do what?

[15:51] {Threei}  miss us? :)

[15:52] {vinod} take care of payment

[15:53] {Threei}  not sure what payment, but if it's a payment to me - I appreciate that

[15:53] {Threei}  sorry vinod, I am not really aware of that side of business :)

[15:58] {Threei}  third day of chop chop

[15:59] {Threei}  what was it in japan, lost decade?

[15:59] {Threei}  I have this feeling, it's going to be a lost week

[15:59] {Threei}  at least today there were 4 nice winning ones

[16:00] {Threei}  not nearly enough to make it worthwile day

[16:00] {Threei}  thank you all, have a good evening

[16:00] {Threei}  see you tomorrow

[16:01] {dino} the streak has ended

[16:01] {Threei}  HOTT

[16:01] {Threei}  btrutal

[16:01] {Threei}  HOTT Reports Q1 $0.03 v $0.02e, R$175M v $174.7Me

[16:01] {Threei}  - Q1 SSS %

[16:01] {Threei}  - Guides Q2 EPS $ v $0.01e

[16:01] {Threei}  - Guides Q2 SSS

[16:02] {fernp} good evening all

[16:02] {Threei}  PETM Reports Q1 $0.37 v $0.30e, R$1.33B v $1.32Be

May 19 2009

Not much happened for the day as a few nice wins were balanced out and slghlty overcome by stops. A lot of churning in the market

Session Time: Tue May 19 00:00:00 2009

[08:13] {magoo} morning 

[08:13] {nemo} hi mags

[08:15] {magoo} nemesis:)

[08:15] {nemo} mags dcc

[08:16] {magoo} nope lol

[08:17] {nemo} expensive?

[08:20] {ese} good morning

[08:20] {nemo} hey essay

[08:21] {ese} nemo....how it goin

[08:21] {nemo} breathing...pulse...coffee...bagel...so far so good

[08:22] {ese} too funny.......i hear ya

[08:22] {nemo} ran out of vodka last night though

[08:23] {ese} have vad fly some in......it's part of this service i think

[08:23] {nemo} didn't know that...hey VAD!!!

[08:30] {nemo} vad, news on EJ?

[08:31] {ese} what ej nemo

[08:31] {ese} whats

[08:31] {nemo} earnings release it popped big this morning

[08:33] {patience} good morning guys  :)

[08:34] {ese} morning patience......

[08:34] {ese} it's raining over here by the water

[08:34] {patience} stopped here, will be running in an hour so make it stop there ese    :)

[08:35] {ese} was gonna say....still going out for a run

[08:35] {Threei}  Good morning

[08:35] {ese} will do.....your wish is my command

[08:35] {Threei}  05/19/09 06:40am

[08:35] {Threei}  [EJ] E-House China Holdings - ADS Reports Q1 $0.11 v $0.05e (ex items), R $32.8M v $32.2Me

[08:35] {Threei}  - Guides Q2 Rev $49-51M v $38.3Me

[08:35] {ese} morning vad

[08:35] {patience} yup, down 64 pounds now ...one year anniversary yesterday

[08:35] {ese} thats fabulous

[08:35] {ese} any particular diet

[08:36] {patience} ty, and none...just walking or running every day

[08:38] {ese} Ok ....rain has now stopped patience.....your all clear here...birds chirping...what else would you like

[08:38] {patience} winning trades while i'm out exercising   :)

[08:39] {ese} OHHHHHH VADDDD?  patience would like............

[08:39] {Threei}  FAS is dropping fast

[08:40] {nemo} saw that

[08:40] {ese} is it ever

[08:41] {nemo} wow CEO up almost 30%

[08:41] {ese} ii don't see any news anywhere

[08:41] {nemo} it's the Chinese oil company

[08:42] {ese} hmmm130 to 158

[08:42] {nemo} probably reaction to India yesterday and  the breaching of the $60/barrel today

[08:43] {ese} now quoting 131 to 137....recipe for loosing money

[08:43] {nemo} yeah...great to be an investor

[08:48] {ese} don't know if anyone has asked this but....FAZ is bound to hit "0"    what happens when that happens...re calibrate that index??  set it higher??

[08:49] {nemo} world ends

[08:49] {ese} ahhhhhh

[08:49] {cosmo} the end of the dollar?

[08:49] {ese} Does that index cease to exist?

[08:49] {nemo} I don't know the exact mechanics, but these ultra etfs are recalibrated every night

[08:50] {ese} every night?   how so and why?   i don't understand

[08:51] {nemo} They're designed as short-term trading vehicles.  I don't understand the exact mechanics, but that is what happens

[08:51] {ese} as hedges against existing positions

[08:52] {ese} like trading the S&P futures i would imagine

[08:53] {nemo} that would make sense.  They hold a combination of underlying stocks and options on those stocks.  I'm not sure any of these can go to zero.  It's probably an asymptotic dynamic as you get closer to zero.  Also, volatility, or lack there of is a factor in the price of the issue because volatility affects the price of the options

[08:55] {dptl} good morning all

[08:55] {Threei}  dp :)

[08:55] {ese} morning dp

[08:55] {pita} greetings everyone

[08:55] {nemo} dp pita

[08:56] {ese} pita

[08:56] {Threei}  pita :)

[08:57] {Threei}  DRYS

[08:57] {Threei}  ANNOUNCES IT HAS REACHED AGREEMENT WITH DNB NOR ON WAIVER TERMS FOR $86 MILLION OF DEBT

[08:57] {ese} i like this...drys taking off

[08:58] {Threei}  - CEO: "We are delighted to have reached an agreement with DnB NOR on yet another facility. This facility covers 2 of our drybulk vessels. We continue to have constructive discussions with the remainder of our banks who are all very supportive of the company."

[08:59] {ese} I like it ....still have a swing position from yesterday

[08:59] {Threei}  neds to break .40

[08:59] {ese} yes

[09:00] {ese} a few of the other bulk cariers following as well .....egle

[09:02] {jfjf64} mornin all

[09:02] {nemo} jf

[09:02] {ese} jf

[09:03] {Threei}  morning jf

[09:07] {Threei}  EGLE took sizeable offer

[09:08] {fernp} Good morning everybody

[09:08] {Threei}  fern :)

[09:17] {ese} dry bulk carriers and solar...flavor of the day for the market looks like

[09:20] {cosmo} tell that to JASO

[09:20] {dino} gm all

[09:20] {ese} I take it back 

[09:21] {ese} dino

[09:21] {Threei}  dino :)

[09:21] {nemo} dino

[09:21] {dino} :)

[09:23] {Threei}  DRYS buying looks quite sustainable

[09:24] {Threei}  if gives opening pullback I'll be interested

[09:24] {dino} turnaround tuesday?

[09:25] {nemo} we had this conversation yesterday

[09:25] {Threei}  if no pullback, hopefully we et consolidation and break

[09:26] {Threei}  EGLE is quite capable of serious move as well, juts much thinner

[09:26] {ese} am thinking about a position there vad

[09:26] {dino} neg. day does it

[09:26] {Threei}  volatile one, don't go crazy on size

[09:27] {ese} will do

[09:28] {Threei}  much better player on pullbacks vs breakouts

[09:28] {chinggis} gm

[09:28] {Threei}  chnggis :)

[09:28] {dino} beat

[09:29] {Threei}  PIMCO'S EL-ERIAN: SEES US GDP GROWTH AT 2% OR LESS FOR THE NEXT FIVE YEARS

[09:31] {Threei}  EGLE

[09:31] {Threei}  hitting support zone

[09:31] {Threei}  half lot long

[09:31] {Threei}  sheesh

[09:31] {Threei}  no chasing

[09:32] {Threei} Long Setup:  DRYS  .43 if stays above .35

[09:32] {dino} fri gaps 8268, 1355, 882 fwiw

[09:33] {Threei}  invalidated

[09:35] {ese} yes

[09:35] {nemo} fitb again?

[09:35] {Threei} Long Setup:  DRYS  .30 break half lot

[09:35] {Threei}  if stays above .20

[09:35] {Threei}  sorry

[09:35] {Threei}  that was EGLE

[09:36] {Threei} Long Setup:  EGLE  .30 break half lot

[09:36] {dino} beat

[09:37] {ese} drys covering gap from 05/08 .62 low

[09:37] {Threei}  DRYS, have to wait for pullback

[09:37] {magoo} in

[09:37] {Threei}  .40 area

[09:37] {dptl} in

[09:37] {nemo} in

[09:38] {Threei}  DRYS says what pullback?

[09:38] {nemo} 1/2 out

[09:39] {Threei}  has this feel of a big runner

[09:39] {dptl} half out egle

[09:40] {Threei}  if takes .50, 8 is not out of question

[09:40] {magoo} out EGLE .38

[09:40] {chinggis} out full 41 ty

[09:40] {magoo} ill reload if.

[09:41] {ese} drys could do $9.00 today....analysts targets

[09:41] {dptl} trailing under .30

[09:41] {dptl} balance

[09:42] {magoo} frustrate if cant get in'

[09:43] {Threei}  DRYS pullback

[09:43] {nemo} out egle

[09:43] {Threei}  closer to .50 should be an entry zone

[09:44] {dptl} all out egle ty

[09:44] {Threei}  let's see if there is another play in it

[09:45] {Threei}  DRYS .60 break

[09:45] {Threei}  if stays above .50

[09:45] {nemo} half or full

[09:45] {Threei}  10 cents stop?

[09:46] {nemo} o.k.

[09:46] {dptl} in

[09:46] {nemo} in

[09:48] {magoo} ya in

[09:49] {magoo} EGLE interseting

[09:49] {Threei}  VIX VOLATILITY INDEX MOVES BELOW 30 FOR THE FIRST TIME SINCE 9/19/08

[09:49] {Threei}  - according to CNBC, historically the S&P has gained an average of 3% and 6% respectively over the 3 and 6 months that follow a crossover below 30.

[09:49] {Threei}  - the peak in late Oct was at 89.53.

[09:49] {magoo} in egle too .31

[09:50] {Threei}  hte these shakeouts in the market

[09:50] {Threei}  wants to go up badly

[09:50] {Threei}  just gop

[09:51] {wulff} yes gop right now

[09:51] {magoo} i know

[09:54] {Threei}  sigh

[09:54] {dptl} stopped

[09:54] {magoo} jesus

[09:56] {Threei}  EGLE is holding better than DRYS so far

[09:56] {ese} indeed

[09:57] {magoo} DRYS sucks everyday

[10:02] {nemo} s drys .19

[10:03] {dino} qsii

[10:06] {nemo} i lie short egle

[10:07] {chinggis} any read on HBAN vad?

[10:07] {magoo} BAC strong

[10:07] {Threei}  should follow FAS

[10:07] {chinggis} ok ty

[10:08] {Threei}  I'd try .90 break

[10:08] {ese} as was about to say nemo should have been .30  for the short if it was drys

[10:08] {nemo} typing skills

[10:08] {chinggis} ok

[10:08] {dino} sm l pnra .50

[10:08] {magoo} in hban

[10:09] {chinggis} l hban .91

[10:09] {Threei}  BAC seems to be today's hero among finnies

[10:10] {Threei}  pullback closer to 12 should be entry

[10:11] {nemo} stopped egle

[10:14] {dino} pbh

[10:17] {Threei}  DND actitivity all of a sudden

[10:18] {Threei}  DNDN

[10:18] {nemo} wow

[10:18] {Threei}  no news that I see

[10:20] {dino} snda

[10:22] {Threei}  anyone got BAC near 12?

[10:23] {Threei}  CEO: EXPECTS TO SUFFER LOSSES IN CREDIT CARDS FOR DURATION OF YEAR - SHAREHOLDER MEETING

[10:23] {magoo} im waiting .98 HBAN

[10:24] {magoo} i like BAC

[10:24] {magoo} not in

[10:24] {magoo} EGLE trying

[10:25] {Threei}  yeah

[10:25] {Threei}  I really hate this lack of follow through

[10:25] {magoo} my nemesis should

[10:25] {Threei}  both DRYS and EGLE had total makeup of runners

[10:25] {wulff} Egle is doing OK

[10:26] {magoo} ouyt .98 TY vad HBAN

[10:26] {Threei}  a lot of little buggers?

[10:26] {dino} afam sm l .91

[10:26] {magoo} 2k

[10:26] {Threei}  HBAN is new FITB

[10:26] {ese} gj mags

[10:26] {ese} yes

[10:27] {ese} sems to trade the same 

[10:27] {magoo} EGLE nears ,50

[10:27] {dino} pbh sm l .35

[10:28] {Threei}  EGLE already has almost whole yeasterday's volume

[10:28] {wulff} f---in FAS

[10:28] {jfjf64} wow fas

[10:28] {magoo} FAS missed

[10:28] {chinggis} out hban .02

[10:28] {chinggis} ty vad

[10:28] {dino} pnra stop to .20

[10:28] {Threei}  sure

[10:28] {dino} out +.70

[10:29] {magoo} bacon alert

[10:29] {magoo} BAC

[10:30] {Threei}  BAC entry on pullback near 12 would have been perfetc

[10:30] {Threei}  not a fan of breaks on this stock

[10:30] {dino} intc l .49

[10:31] {Threei}  EGLE has 8 written all over it

[10:32] {ese} dino was that pbh you did .70 on?

[10:32] {nemo}  {dino} pbh sm l .35

[10:32] {nemo} [10:28] {dino} pnra stop to .20

[10:32] {nemo} [10:28] {&Threei}  sure

[10:32] {nemo} [10:28] {dino} out +.70

[10:32] {ese} your out ?

[10:33] {ese} tks was just looking at it 

[10:34] {Threei}  JP MORGAN CEO: US GOVT TO ALLOW SOME REPAYMENTS OF TARP WITHIN NEXT COUPLE WEEKS

[10:34] {Threei}  - Reminder: on 5/15 CNBC reported that GS and JPM were to be among the first major banks to be granted persmission to repay tarp as early as this week{XLF GS MS JPM}

[10:34] {dino} yes out

[10:35] {dino} no, pnra .50 to .20, +.70

[10:35] {dino} fast as fast can be es

[10:35] {dino} pbh still in, as well as afam

[10:36] {ese} tks.....i'm studying

[10:36] {dino} pbh making me thirsty, thinking of pbr's

[10:37] {ese} yuk yuk

[10:37] {ese} I think vad delivers vodka .....it's part of the service being on this board

[10:37] {dino} pbr light not too bad on a hot day actually

[10:38] {magoo} no quotes on PBR dino

[10:39] {dino} 16.50 for 30 pack

[10:39] {ese} good on ya if it's hot down there......it ain't here.....rain

[10:39] {dino} going for 80 today, last night frost, wierd lately, running 6 degrees below normal in may

[10:40] {ese} climate change

[10:42] {Threei}  HBAN pullback into support

[10:42] {Threei}  watch FAS for possible spike

[10:42] {Threei}  HBAN tends to give the delay for entry

[10:43] {dino} afam to .28

[10:43] {dino} expect slip

[10:44] {dino} out .26, 

[10:44] {dino} +.35

[10:45] {Threei}  I can't think of anything more stupid and untimely

[10:45] {Threei}  http://www.nytimes.com/2009/05/19/business/19credit.html?_r=2&hp=&adxnnl=1&adxnnlx=1242741983-+CW9ZWUo9Zrdgq78v3yNLQ

[10:45] {Threei}  n wait... I can...

[10:45] {ese} good one dino

[10:45] {dino} ty

[10:47] {dino} 11 straight days up/down/up/down, will it continue

[10:48] {Threei}  EGLE ast yesterday's volume

[10:48] {magoo} u in it?

[10:49] {Threei}  no... trying to determine possible entry

[10:49] {Threei}  possibly even for a swing

[10:52] {wulff} BAC fast selling

[10:55] {Threei} Long Setup:  FAS  .56

[10:55] {Threei}  if stays above .50

[10:59] {Threei}  HBAN stopped dropping with FAS

[10:59] {Threei}  .96 worth a try if FAS spikesa

[11:00] {Threei}  try to get last shares, don't be first to buy

[11:02] {nemo} Magooing it

[11:02] {Threei} Long Setup:  FAS  .50 if not losing .45 anymore

[11:03] {Threei}  in HBAN aggressively .94

[11:03] {dptl} in fas

[11:03] {magoo} in .95

[11:04] {fernp} stop under .90, Vad?

[11:04] {Threei}  yeah

[11:05] {dptl} stopped fas

[11:05] {Threei}  games are not over...

[11:05] {Threei}  HBAN no worky too

[11:06] {fernp} out HBAN

[11:06] {Threei}  backing off, it starts looking like shakeouts all over, just like yesterday

[11:09] {Threei}  BAC quite a selloff

[11:09] {magoo} READ on EGLE

[11:10] {Threei}  same... overall, it's a swing trade candidate for a storng upward move

[11:10] {Threei}  exact entry - can't find it so far

[11:11] {magoo} dont like the swing call

[11:11] {magoo} i dont hold 

[11:11] {nemo} you don't swing and you don't hold?

[11:11] {wulff} keep your eye on CNB

[11:11] {dino} enoc

[11:11] {Threei}  market continues dropping... what i is it you want me to do? :)

[11:12] {nemo} use the force Vader

[11:12] {nemo} Oh shit, my RAM monitor is at 666

[11:12] {Threei}  in my eyes, these market retreats are nothing but pullbacks bfore another runup

[11:13] {dino} ceph

[11:13] {fernp} DRYS double bottom

[11:13] {Threei}  but atempts to find the entry points were quite futile yesterday and, so far, today

[11:13] {Threei}  gotta take it on faith, which I hate

[11:13] {jfjf64} my eyes  black  and  blue

[11:15] {jfjf64} comon a joke    lol  lol    

[11:15] {Threei}  we are obviously going through some change in the market

[11:15] {nemo} I"n your eyes, the light the heat"

[11:15] {Threei}  a few days at the beginning of such changes are always tough,

[11:15] {Threei}  as old methods stop working,

[11:16] {Threei}  new ones are not found yet

[11:16] {nemo} switch to summer but volumes this morning are reasonable

[11:16] {Threei}  this is not a switch to summer

[11:16] {Threei}  this is witch in market mood

[11:16] {Threei}  amajor mode I would say

[11:16] {chinggis} any read on SKS vad?

[11:17] {Threei}  not really...

[11:18] {chinggis} ok ty

[11:19] {ese} have to go teach a class....see you in about an hour or so

[11:20] {Threei}  take care ese

[11:24] {dino} mako

[11:24] {dino} thin

[11:26] {dino} thor

[11:26] {dino} ceph sm l .20

[11:27] {dino} where do all of these people go away too?

[11:28] {nemo} seeing dead people again?

[11:28] {Threei}  what people?

[11:28] {Threei}  let's see:

[11:29] {chinggis} GIL

[11:29] {Threei}  if today is repeat of yesterday, and so far it looks very similar,

[11:29] {Threei}  we will bottom out after a few shakeouts

[11:29] {nemo} fas scalp @ 3:30

[11:29] {Threei}  and resume runup

[11:29] {Threei}  problem is, attempts to find the turning point have no technicals under them,

[11:30] {Threei}  so there is no way to tell just how many shakeouts we get inti

[11:30] {Threei}  that's what killed yesterday

[11:30] {dino} lol nemo

[11:30] {Threei}  so, the question you need o answer for yourself is:

[11:30] {Threei}  continue trying or wait the whole thing out

[11:30] {nemo} do you feel lucky?

[11:31] {nemo} sorry, "Do you feel lucky, punk?"

[11:31] {dino} the way i see it is simple....they got it, i want it

[11:31] {Threei}  if former, EGLE .30 break

[11:32] {Threei}  FAS pullback under .30

[11:32] {nemo} nice segue Vad

[11:32] {dino} v bounce

[11:33] {Threei}  HBAN with stop under .80

[11:33] {Threei}  all those are your trades if your pick is to try

[11:33] {dino} aipc pop

[11:35] {Threei}  DRYS .26

[11:35] {Threei}  game plan:

[11:36] {Threei}  those who went for EGLE, stop under .20, aim to sell half closer to .50

[11:36] {dino} v sm l .00

[11:36] {Threei}  hold half for break

[11:36] {Threei}  if you are a purebreed scalper, you know what to do without my narrative

[11:37] {nemo} stop for drys

[11:37] {Threei}  HBAN, aim to sell half between .95 and 5

[11:37] {Threei}  DTYS, either undcer .20 or under .15, depending on your objectives

[11:37] {nemo} what if you're a braindamaged mutt?

[11:38] {Threei}  profit taking on DRYS is between .35 and .40 for the first half

[11:40] {dptl} in drys

[11:43] {nemo} egle strong drys not

[11:43] {dino} intc stop to .58

[11:43] {Threei}  DRYS should change its way after .30 break

[11:44] {nemo} Wayward Son

[11:44] {magoo} drysalways trades exactly like today...big moves beyond reason..terrible pullbks..endless hours of nada...then when u give up..BOOM

[11:45] {Threei}  EGLE is at first target

[11:45] {nemo} "Every time I try to get out they pull me back in"

[11:45] {dino} out intc .60, +.11

[11:45] {magoo} EGLE better of 2 for sure..in it too vad

[11:47] {Threei}  FED COMMENTS ON TARP PAYMENT REQUESTS; FIRST REPONSE OVER REPAYMENTS TO COME ON MONDAY, JUNE 8; MONTHLY COMMENTS THEREAFTER

[11:48] {magoo} crazy,,never heard of u cant pay it back

[11:48] {Threei}  if you owe me and I want control over you... I want you to keep moneyrather than to pay me back

[11:48] {Threei}  you paid back, you are free

[11:50] {Threei}  let's see EGLE

[11:50] {Threei}  this time or not yet?

[11:50] {chinggis} EGLE break of hod buyable vad?

[11:51] {Threei}  usually this one if much better on pullbacks

[11:52] {Threei}  that's qwhy I called it off .30 rather than .50

[11:52] {Threei}  however, next try will be what, 4th one for today?

[11:52] {Threei}  odds of it working are on increase

[11:53] {chinggis} TY vad

[11:54] {Threei}  what, shakeouts are not over yet?

[11:55] {nemo} just going to lunch

[11:58] {Threei}  ASIA?

[11:59] {Threei}  no news that I see

[11:59] {dino} ceph stopped .89, -.31

[12:05] {dino} apol sm l .20, jumpy

[12:08] {nemo} gonna' hang around Dino?

[12:08] {dino} no

[12:09] {dino} waiting at .60

[12:09] {dino} just missed

[12:09] {vinod} good afternoon

[12:09] {dino} sm l enoc .20

[12:10] {dino} vin:)

[12:15] {chinggis} Vad SKS pullback playable?

[12:16] {dino} apol to .29

[12:16] {Threei}  around 5.05, I'd think so... but this one is verty hard to read, trades with weird pace

[12:16] {chinggis} ok ty

[12:19] {Threei}  market starts giving confirmation of reversal

[12:19] {Threei}  so far same scenario as yesterday

[12:19] {dino} itri

[12:20] {Threei}  Prez on TV shortly, to announce "kill the car" plan

[12:20] {magoo} and kill the mkt

[12:23] {dino} apol to .39 mkt dropping

[12:25] {dino} to .50

[12:25] {Threei}  new highs are coming

[12:25] {dino} to .60

[12:25] {dino} out +.40 apol

[12:25] {Threei}  nice one

[12:26] {dino} ty

[12:26] {dino} nemo, you get it?

[12:27] {nemo} no...I saw that long line of green and went yellow

[12:28] {dino} yeah, it was questionable

[12:29] {dino} you get enoc?

[12:31] {Threei}  NQ, last pullback and then off to races

[12:32] {dino} snda

[12:32] {dino} itri gap above around 58

[12:33] {Threei}  hmm

[12:33] {Threei}  increased cost of vehicle will pay off in three years on fuel savings, according to president

[12:34] {Threei}  maybe if I am driving a taxi

[12:34] {Threei}  on private vehicle with normal mileage, no way

[12:34] {Threei}  here is pullback

[12:36] {dino} enoc stop to .63\

[12:36] {nemo} oh, sorry dino, away for a minute, no enoc, kinda' thin for me

[12:36] {dino} vrts

[12:37] {dino} out enoc ave .66, +.46

[12:39] {Threei}  (US) CREDIT CARD "BILL OF RIGHTS" CLEARS PROCEDURAL HURDLE IN THE SENATE

[12:39] {Threei}  {AXP COF DFS JPM C}

[12:39] {nemo} yeah, they fubar that one

[12:45] {nemo} enoc dino

[12:46] {dino} ntrs drop

[12:47] {ese} yo ho ho and a botle of vodka......     hmmmmm somethin not right about that

[12:47] {ese} i'm back

[12:47] {dino} well, you're married so the ho is out

06[12:48] * nemo slaps ese around a bit with a large chart of jesu joy of man's desiring :)

[12:48] {nemo} whoa dino

[12:48] {dino} no, i mean no ho's, he has a wife

[12:49] {dino} as soon as i typed i knew it was going to be misunderstood

[12:49] {nemo} I understood quite well, usually after an extended period of marriage, they return

[12:49] {dino} roflol

[12:50] {Threei}  janitor's ears perk

[12:50] {nemo} I have many married friends

[12:51] {fernp} stopped DRYS

[12:51] {dptl} stopped drys

[12:52] {nemo} yeah

[12:53] {nemo} so many stops, so little vaseline

[12:53] {ese} huh?

[12:53] {nemo} huh what?

[12:53] {ese} just huh?

[12:54] {nemo} oh

[12:54] {ese} vaseline?

[12:54] {nemo} had 7 or 8 stops since yesterday...pain

[12:54] {Threei}  sheesh... dialogs right out of asylum

[12:55] {nemo} Anybody ever seen The Ninth Configuration?  speaking of asylums

[12:55] {ese} nope

[12:56] {nemo} http://www.imdb.com/title/tt0081237/

[12:57] {dino} nope

[12:57] {dino} but my office feels like an asylum some days

[12:58] {nemo} very good

[12:58] {dino} itri approaches hod

[12:58] {nemo} sounds like a line out of a sci fi movie

[12:59] {dino} as "land of confusion" comes on

[13:00] {nemo} No one gets out alive

[13:00] {dino} v to .85 won't move

[13:01] {Threei}  GOVT HAS PASSED CREDIT CARD REFORM LEGISLATION WITH BILL OF RIGHTS

[13:01] {dino} ceph one more whoosh down imo

[13:02] {dino} darn enoc, kept going

[13:03] {nemo} yes

[13:03] {lamant} soory ,i hit erro

[13:04] {nemo} Drys Vad?  looks like bottoming?

[13:05] {Threei}  everfything to me looks this way...

[13:05] {Threei}  my problemn is different

[13:05] {Threei}  as I described it before

[13:05] {dino} v stopped -.15

[13:05] {Threei}  attempts to catch the turnaround take many small cuts

[13:05] {Threei}  they are small but they are many

[13:05] {nemo} Yes.

[13:06] {Threei}  that's why I made a point to present it as discretionary decision

[13:06] {nemo} yes

[13:06] {Threei}  either try when it starts turning around and be ready to take those cuts,

[13:06] {Threei}  or sit it out until market finalizes changes and we get firm read on it again

[13:07] {Threei}  as a ray brightening the day, just got this e-mail:

[13:07] {nemo} still in the middle of lunch too

[13:07] {Threei}  Vad,

[13:07] {Threei}  Just wanted to say again how grateful I am for your program. I've been going with the program and my plan, adjusting it as I go, and it just works! I don't even worry about things anymore, I just trade my plan. Yes at times I take some losses, but I actually seem to love those small losses, and that is weird, compared to previous state I used to have.

[13:07] {Threei}  The gains are much larger and without worries that I used to have. I haven't been able to get to this state of mind and these kinds of results with any other system or educational materials. You seem to have touch on the perfect points that made it click for me!

[13:07] {Threei}  I really appreciate it!

[13:07] {Threei}  I skip the name

[13:08] {dino} very nice vad, good job

[13:09] {Threei}  yeah, this kind of things makes me feel I do it for some good purpose

[13:09] {nemo} Hey, I only take paper cuts now compared to before coming here.  

[13:09] {dino} itri spikes again

[13:09] {nemo} did they have earnings today?

[13:10] {nemo} Plus, the structured exits keep my greed from losing me more

[13:11] {nemo} Although, I'm not sure you're supposed to have this much fun

[13:11] {dino} then get mad

[13:11] {Threei}  see, main thing is:

[13:11] {nemo} Dino...in my other pursuits when I'm mad, I'm having fun

[13:12] {Threei}  most of you here watch me doing it for years, some for months

[13:12] {nemo} I tracked your daily log for a looong time

[13:12] {Threei}  anyone saw a setback I wouldn't recover from in just a few days?? :)

[13:13] {nemo} No...what amazed me was the run from last Summer through the end of the year.

[13:13] {Threei}  just don't take any of those as more than pullback

[13:13] {fernp} nope

[13:13] {Threei}  nothing happens without pullbacks, setbacks, retreats

[13:13] {magoo} HEY..i askeed u not topost that he  he

[13:14] {Threei}  no trend goes without pullbacks,

[13:14] {nemo} what? pictures of Mags? now that's pornography

[13:14] {Threei}  no good runs occur without bad days

[13:14] {Threei}  yin and yang anyone?

[13:14] {nemo} It ain't about the celebrating, it's what you do when you get knocked down

[13:14] {Threei}  oneness of opposites?

[13:14] {Threei}  excatly

[13:15] {Threei}  you shrug, dust yourself off and go kick a$$

[13:15] {nemo} Don't know what good is unless you have bad by which to measure it

[13:15] {Threei}  there you go

[13:16] {Threei}  this is so ingrained, I don't even see the need to talk about it to say honestly,

[13:16] {Threei}  but when you guys start crying about couple days of stops

[13:16] {nemo} For you yes, although, repetition is the mother of all teaching

[13:16] {Threei}  I start feeling like giving lecture

06[13:16] * nemo crawls into his cave

[13:16] {Threei}  because I know magoo hates hose

[13:17] {Threei}  and I enjoy making him suffer

06[13:17] * nemo closes door

[13:17] {Threei}  and no magoo, that was not your e-mail

[13:17] {magoo} yes it was

[13:17] {Threei}  yours I wouldn't dare to quote for the world of me

[13:17] {magoo} edited of course

[13:17] {Threei}  they are full of swearing, links to porno sites etc

[13:17] {Threei}  NASDAQ has finished pullback, returned to high

[13:17] {Threei}  break amnd new highs are in order

[13:18] {Threei}  if you like the formation,

[13:18] {Threei}  QDL

[13:19] {Threei}  C&H

[13:19] {nemo} qld?

[13:19] {Threei}  .40 break

[13:19] {Threei}  QLD, sorry

[13:19] {ese} I'd like to second that sentiment from the email Vad......I'm having the best tradin year of my life also tks

[13:19] {Threei}  thank you ese

[13:19] {nemo} ese been the man

[13:20] {Threei}  new highs

[13:21] {Threei}  [12:31] {Threei} NQ, last pullback and then off to races

[13:21] {Threei}  [12:32] {dino} snda

[13:21] {Threei}  scalpers get out heere

[13:22] {Threei}  day traders take half

[13:22] {dino} es great to hear, you're an animal lately

[13:23] {dino} idcc l .25

[13:23] {Threei}  daytraders, 1/4 more out

[13:23] {nemo} whoa things really taking off 

[13:24] {ese} tks but still have a ways to go.......once i stop the goofy/dumb errors....who knows

[13:24] {Threei}  yesterday's scenario plays out, just as we suspected

[13:24] {nemo} well, ese, you have an excuse, you're a musician.  I on the other hand, have none. :)

[13:27] {dino} sm risky s itri .01

[13:28] {nemo} stop to .70 on itri Dino?

[13:28] {dino} .51

[13:29] {dino} short

[13:29] {nemo} hasn't broken it's 200 all day, and that is .70 just letting you know

[13:29] {Threei}  last portion QLD: stop to .55

[13:30] {Threei}  feel free to exit above .70

[13:30] {Threei}  out .73 in full

[13:30] {Threei}  +.30

[13:30] {Threei}  something ought to work sooner or later, right?

[13:31] {nemo} patterns have been the same forever

[13:31] {dino} stopped -.46

[13:31] {Threei}  (US) FED'S STERN: MARKET CONDITIONS HAVE IMPROVED A BIT; "TOO BIG TO FAIL" MUST BE ADDRESSED

[13:31] {Threei}  - Recession to last several more months; consumer spending is stabilizing

[13:31] {Threei}  - Notes that an economic recovery would reduce risks of deflation; healthy growth to resume in mid 2010

[13:31] {Threei}  - Financial conditions improving on a broader basis

[13:31] {Threei}  lol, :consumer spending is stabilizing"...

[13:31] {Threei}  it very well may be,

[13:31] {Threei}  but let's kill credit cards now,

[13:31] {nemo} yeah, can't go below 0

[13:31] {Threei}  then increase taxes on energy

[13:32] {Threei}  then make cars more expensive

[13:32] {nemo} nice on inri Dino

[13:32] {Threei}  and rise taxes on fuel to make buying them more justified

[13:32] {nemo} Oh jeez, that's funny...itri

[13:32] {dino} ok nemo, around 58.60 if it gets there

[13:32] {Threei}  and let's see what happens to consumer after all that

[13:32] {nemo} Hah, just called you King of the Jews

[13:33] {nemo} In that new credit card bill, they are not reigning in interest rates

[13:34] {dino} nemo s=short, got stopped itri

[13:34] {nemo} oh you went short, missed that

[13:37] {ese} me thinks what happens with drys alot is that the big boys see a stock that they can beat the VWAP alot with.   It's daily 1min seems to look like that alot.    Me thinks that some of them should be WAPPED!

[13:37] {ese} VWAP( volume weighted average price) for those of you that don't know

[13:40] {_king} threei- how do you find your trades? curious b/c i can never find the breakouts like you 

[13:41] {magoo} vad, u like FAS for bounce?

[13:41] {Threei}  king, scanner

[13:41] {Threei}  http://realitytrader.com/iscan/

[13:42] {nemo} _king programmed scanner spits out stocks to look at according to Vad's criteria

[13:42] {nemo} Dino has his scanner for his style also

[13:42] {Threei}  mags... I do... I just am not sure about entry point

[13:42] {Threei}  .20 break looks like it from here

[13:43] {magoo} ok

[13:44] {dino} yes

[13:47] {Threei}  is it only me, or anyone else is getting this feeling of rally in the making?

[13:47] {nemo} talking about consumer spending: http://globaleconomicanalysis.blogspot.com/2009/05/effect-of-household-deleveraging-on.html

[13:48] {magoo} ive had it all day, but hasnt worked so far

[13:48] {dptl} so fas .20 long?

[13:48] {Threei}  this is what keeps me hesitant

[13:48] {Threei}  ready for papercuts dp?

[13:48] {magoo} i did fas

[13:48] {Threei}  then FAS .20 break

[13:48] {nemo} should have one more, but had the rally yesterday

[13:48] {Threei}  HBAN .80 break

[13:48] {magoo} EGLE

[13:48] {nemo} in

[13:49] {nemo} stop on fas

[13:49] {Threei}  under .10 of course

[13:49] {nemo} around .10

[13:49] {Threei}  13:43, low of the last pullback

[13:50] {dino} sm l ceph .65

[13:50] {nemo} .11 low

[13:51] {nemo} in ceph

[13:52] {nemo} stop Dino

[13:53] {Threei}  shakes continue... that's tha painful part of this process

[13:54] {dino} .43

[14:03] {dino} out idcc .36, +.11

[14:05] {_king} got it, thanks guys!

[14:06] {nemo} dino, ceph get's by .70, should be good for a  bit

[14:06] {dino} y

[14:06] {nemo} ese, you in anything

[14:08] {ese} yup drys...from yesterday

[14:08] {ese} unloaded 1/2 on the runup this morning

[14:08] {nemo} she's been riding the range for a while

[14:09] {ese} still have 5k avg position .20 left....just kinda holdin on to it to see what happens

[14:09] {ese} it's getting itself into what Alaqn Farley calls the slingshot position

[14:09] {ese} Alan

[14:09] {nemo} Chuck U. Farley?

[14:10] {ese} indeed 

[14:11] {ese} anyway   ...outta here for today all...see ya tomorrow

[14:11] {Threei}  take care ese

[14:11] {ese} see ya vad

[14:13] {dino} cya es

[14:18] {dino} idcc l .40

[14:20] {magoo} a move may be starting vad

[14:21] {Threei}  missed QLD .60

06[14:24] * magoo slaps laserdave around a bit with a large trout

[14:24] {nemo} I was just going to tell you mags

[14:25] {laserdave} i love the attention

[14:25] {dino} snda

[14:26] {jfjf64} .20 break  fas

[14:27] {jfjf64} ?

[14:27] {magoo} its a valid play

[14:28] {jfjf64} ya wd think  shack out  comin ??

[14:28] {magoo} most likely:(

[14:28] {dino} idcc stop to .49\

[14:29] {jfjf64} im in

[14:29] {jfjf64} .22

[14:29] {magoo} .19 here

[14:30] {magoo} we need mkts to rip

[14:30] {nemo} or, we need to get the right shorts on a downdraft :)

[14:31] {Threei}  I don't see downdraft in cards nemo

[14:31] {Threei}  this market is getting ready to kill "short everything" crowd

[14:31] {magoo} do u see wealth vad?

[14:31] {jfjf64} up up and  away  

[14:31] {nemo} no, I was just commenting on Mags.  If it rips down and we're in the right shorts

[14:31] {Threei}  I stuill see 8 in the EGLE's future

[14:32] {Threei}  new highs for NASDAQ

[14:32] {jfjf64} kick it  mags

[14:34] {dino} out idcc .52, +.12

[14:35] {jfjf64} half out .26

[14:41] {Threei}  US HOUSE APPROVES BILL TO EXPAND FDIC BORRROWING; INCREASE INSURANCE COVERAGE

[14:41] {nemo} mouse money

[14:43] {jfjf64} still in mags

[14:45] {Threei}  here it comes for you jf

[14:45] {magoo} out fas .29

[14:45] {magoo} DL

[14:46] {magoo} ty boss

[14:46] {Threei}  me?

[14:46] {Threei}  why?

[14:46] {magoo} u called ot

[14:46] {Threei}  you did this one on your own

[14:46] {jfjf64} all out  .29 

[14:47] {jfjf64} ty  vad   ty  mags

[14:47] {Threei}  QLD new high

[14:48] {Threei}  [14:32] {Threei} new highs for NASDAQ

[14:48] {Threei}  if you guys wanted to follow my general read with your own entries... this one was it

[14:50] {Threei}  lamborgini is the worts car to buy for fuel saving... 8 miles per gallon

[14:50] {Threei}  I wonder how many of its buyers give a damn

[14:50] {nemo} 0

[14:50] {jfjf64} hmm

[14:50] {nemo} less than 10, that means mags could count them

[14:50] {Threei}  Bentley buyers are not in a good shape either

[14:51] {Threei}  I can just see guy who owns both, looking at TV gal who said that saying:

[14:51] {Threei}  Frankly my dear...

[14:51] {nemo} jeez Rhett

[14:52] {Threei}  GE CEO: FED HAS NOT INDICATED THAT IT PLANS TO REVIEW GE CAPITAL UNIT

[14:52] {Threei}  who is going to review Fed?

[14:54] {nemo} kick ceph for me vad, have to go soon

[14:54] {Threei}  which way?

[14:55] {nemo} up

[14:55] {jfjf64} think tm to short  hpq  buying all day   earnins later ??

[14:56] {Threei}  HPQ yes, earings after close

[14:57] {Threei}  there you go nemo

[14:57] {nemo} yeah, thanks Vad, look to get out even because I have to go.  Looks like it bottomed too

[15:04] {Threei}  remember or play a few weeks ago, FEED?

[15:04] {Threei}  our

[15:04] {nemo} vaguely

[15:04] {dino} zzzzzzzzzzzzzzzzzzzzzzzz

[15:04] {nemo} holy doodoo

[15:04] {dino} wynn l .10

[15:05] {dino} out .21, +.11

[15:05] {nemo} whoa, didn't even get to look

[15:06] {dino} lucky

[15:06] {nemo} easy for you to say...phhhht!

[15:06] {dino} had trouble w/.10 for aw(h)ile

[15:09] {nemo} dino?  why the h in parentheses?

[15:11] {nemo} stopped ceph

[15:12] {dino} ceph stopped -.22

[15:12] {dino} stewie/family guy

[15:15] {nemo} cyu guys done for the day

[15:15] {Threei}  take care nemo

[15:17] {dino} cya nemo

[15:29] {dino} bwld s .22

[15:31] {fernp} have to go. good evening all. see u tomorrow

[15:33] {Threei}  take care fern

[15:34] {dino} cov bwld .10, +.12

[15:36] {dino} cya fernp

[15:39] {dino} titn l .12

[15:39] {Threei}  DRYS stays flatlined around this level for good3-4 hours

[15:40] {Threei}  EGLE decided to do it tomorrow probably

[15:41] {chinggis} see you tommorow guys

[15:41] {Threei}  take care chinggis

[15:41] {dino} cya ching

[15:49] {dino} bwen

[15:50] {dino} wow don't know how but wynn took me out just now at .35, +.15

[15:50] {Threei}  yup, spiked to .17

[15:50] {dino} see that spike, lol

[15:51] {dino} whats w/bwen?

[15:51] {Threei}  no idea

[15:52] {dino} will watch it tomorrow

[15:52] {dino} same w/itri

[15:53] {Threei}  second day in a row of shurning and shaling out

[15:53] {Threei}  umm

[15:53] {Threei}  let's try again

[15:53] {dino} 12th day up/down

[15:53] {Threei}  churning and sjaking out

[15:53] {Threei}  sigh

[15:53] {dino} titn to b/e

[15:54] {Threei}  whatever, I give up... my fingers just can't seem to hit right keys

[15:54] {dino} out

[15:55] {Threei}  okay guys, taking that leftover of EGLE home

[15:55] {dino} well, up, but light

[15:55] {Threei}  thank you all,

[15:55] {Threei}  have a good evening

[15:55] {Threei}  see you tomorrow

[15:55] {dptl} have a good evening all

[15:55] {dino} at the risk of jinxing me, 22 in a row vad

[15:55] {Threei}  nice!

[15:56] {dino} cya dp