Jun 25 2009

Slooow but profitable. RIMM and PALM worked nicely, CAT gave us a stop.

Session Time: Thu Jun 25 00:00:00 2009

[08:19] {BillyD} morning

[08:19] {tomg} morning Billy

[08:20] {vinod} GM to all

[08:20] {BillyD} JAZZ insane already

[08:22] {tomg} morning vinod, and evryone

[08:34] {vinod} just a test

[08:34] {nemo} you failed

[08:35] {vinod} ty-nemo

[08:37] {Threei} 08:00 INSM Phase II IPLEX trial in Myotonic Muscular Dystrophy did not exhibit a statistically significant improvement (Halted)

[08:37] {Threei} - The results of the trial indicated that IPLEX(TM) did not exhibit a statistically significant impr

[08:42] {Threei} PIMCO 's El Erian: Fellow CEO's are not seeing signs of green shoots, too early to relax and be complacent

[08:43] {Threei} everyone is talking green shoots

[08:43] {Threei} you see greenshoots? - no, I don't see green shoots - oh, I see some green shoots - is it reen shoots we see over there?

[08:44] {cosmo} the shoots are greener on the other side of the ocean

[08:44] {cosmo} i think

[08:45] {Threei} they think the same about our side

[08:45] {cosmo} sigh

[08:45] {Threei} both sides think it's because of amount of crap

[08:45] {cosmo} the slime of ages

[08:46] {Threei} - Agrees with Warren Buffet that no signs of green shoots are evident

[08:46] {Threei} see?

[08:46] {Threei} it's like salsa in one of Seinfield's episodes

[08:47] {cosmo} Chauncy Gardner, where are you...

[08:48] {cosmo} http://en.wikipedia.org/wiki/Being_There

[08:51] {vinod} who invented word green shoot?

[08:51] {nemo} Bennie Shalom Bernanke

[08:56] {Threei} decent bounce INSM

[08:56] {level777} JAZZ

[08:57] {fernp} good morning everybody

[08:57] {Threei} fern :)

[08:57] {Threei} Jazz Pharmaceuticals Second Phase III study of sodium oxybate in fibromyalgia meets primary endpoints

[08:57] {Threei} - Reports positive preliminary top-line results from the second of two Phase III clinical trials of sodium oxybate (JZP-6) for the treatment of fibromyalgia.

[09:00] {Alw} good morning all

[09:01] {Threei} alw :)

[09:07] {ese} good morning

[09:07] {Threei} ese :)

[09:08] {ese} alw....welcome

[09:08] {Alw} thks

[09:09] {Threei} ese, look dcc please

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

[09:13] {magoo} morning

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

[09:14] {level777} cant find anything more on MTMC, anyone know if its doomsday or good times?

[09:15] {Threei} no, nothing since yesterday's halt

[09:16] {dino} gm all

[09:16] {Threei} dino :)

[09:16] {ese} you realise of course that alw that a minimum profit $5000.00 is required for newbies to the board eh.......

[09:17] {level777} shorting almost all these bio's on pops is easy $$

[09:17] {Threei} unless you short too early

[09:17] {Threei} JAZZ is not available

[09:17] {BillyD} vad, what are your top candidates

[09:17] {Alw} of course

[09:18] {level777} need tobe able to last a few days minimum

[09:18] {level777} but they run on silly news, like a mouse was cured

[09:18] {Threei} hey, nothing silly from mouse point of view

[09:18] {level777} lol

[09:18] {Threei} still not sure Billy

[09:18] {ese} vision restored in eyes etc etc

[09:19] {BillyD} AM finished strong yesterday

[09:19] {ese} rain drops turn into vodka upon touching your tongue

[09:20] {nemo} nice part of the world you live in ese

[09:20] {ese} not thats worthwhile bio science in my opinion

[09:20] {nemo} real volatility squeeze on RIMM

[09:21] {Threei} lol ese

[09:26] {dptl} good morning all

[09:27] {ese} ddddddpppppppp!!!!!!!!

[09:27] {Threei} dp :)

[09:27] {nemo} Went a little heavy on the coffee this morning ese?

[09:28] {ese} just twitching like crazy here

[09:28] {ese} gets more prounounced as we approach the opening bell

[09:29] {Threei} lol

[09:29] {ese} into a cardiac arrest type of thing as first trades start hiting

[09:29] {Threei} dp, dcc pls

[09:31] {dino} pnra out leftovers .42+.42

[09:31] {dino} .32

[09:31] {ese} nicee way to start the day dino

[09:31] {dino} got lucky

06[09:32] * nemo slaps dino around a bit with a large golden horshoe

[09:32] {nemo} horseshoe

[09:33] {ese} no a horse hoe is good

[09:33] {nemo} Mmmmmhhhh....shoulda' thought of that...fcx rocketed out of the open, tck lagged a bit

[09:34] {jfjf64} htz .82 long

[09:35] {Threei} JAZZ CNBC

[09:35] {ese} L qqqq .34

[09:35] {Threei} too bad it's not shirtable

[09:35] {Threei} shortable

[09:35] {ese} sorry .45

[09:36] {jfjf64} len .25 break

[09:36] {ese} out qqqq.40

[09:36] {ese} =.05

[09:36] {ese} -.05

[09:36] {ese} damn can't see to type worth hill of beans

[09:37] {Threei} that's because you are trying to use your knees ese... elbows are so much more effective

[09:37] {Threei} MNTA...

[09:37] {Threei} 10 break looks very powerful on daily, but volume is ridiculous

[09:38] {nemo} play 10 shares

[09:38] {Threei} yeah, that's exactly the kind of crap I intend to waste my life on

[09:38] {nemo} right...vodka and women a much better waste of time

[09:39] {Threei} SINA

[09:39] {jfjf64} len 1/2

[09:39] {Threei} (US) Reportedly Treasury Sec Geithner to announce implementation of new regulatory reforms this Thursday (today) -Fox News (related EUR/USD XLF )

[09:39] {level777} ista, from yesterday

[09:39] {Threei} dino... SINA seems to becoming your client fast

[09:41] {ese} l qqqq .50

[09:41] {dino} esi sm l .00

[09:41] {Threei} good one jf

[09:41] {jfjf64} twb .45 break

[09:41] {jfjf64} ty

[09:42] {ese} out qqqq.55

[09:42] {ese} +.05

[09:43] {jfjf64} 1/1

[09:43] {Threei} JAZZ is serious

[09:44] {jfjf64} out

[09:45] {level777} 1

[09:45] {BillyD} CAR

[09:45] {wulff} quite a CAT bounce

[09:45] {jfjf64} any call jazz vad

[09:46] {jfjf64} wait puulback

[09:46] {Threei} no jf, not unless it etsablishes something more solid

[09:46] {jfjf64} ty

[09:46] {Threei} too hectic, price for the wring entry can be enormous

[09:46] {Threei} wrong

[09:47] {jfjf64} tk look twb settin up for more

[09:47] {nemo} appl vaulte

[09:47] {nemo} vaulted

[09:48] {Threei} CAT should pull back into .60 zone at least

[09:48] {Threei} possibly .40

[09:48] {dino} out esi .50, +.50

[09:48] {Threei} and will become bounce candidate there

[09:48] {jfjf64} cat

[09:48] {jfjf64} k

[09:48] {Threei} wow

[09:49] {Threei} L7

[09:49] {Threei} MTMC Alerts Investors and Analysts to Unauthorized Press Release (5.26, 0.00, 0.00%)

[09:49] {level777} omg

[09:49] {Threei} too bad it's halted still

[09:49] {Threei} "short at will" situation

[09:49] {level777} unauthorized = bogus or not ready..hmm

[09:49] {vinod} we play BSX few days ago

[09:50] {ese} wow dino....don't know how you do that on thin stocks like that....nice one

[09:50] {Threei} CAT is getting there

[09:50] {jfjf64} .60 break twb

[09:51] {dino} thx es

[09:51] {ese} L qqqq .60

[09:51] {ese} out .66

[09:52] {Threei} Reminder: Fed Chairman Bernanke scheduled to testify before the House Oversight Committee on the Bank of America/Merrill deal at 10amET

[09:52] {Threei} - House Representatives are expected to grill Bernanke on whether he pressured BoA executives to consumate the deal without due diligence.

[09:52] {ese} +.06

[09:52] {Threei} darn MNTA worked like charm of that break

[09:52] {Threei} I couldn't in good conscience bring myself to call it

[09:53] {level777} i wouldnt either, with no vol you could get crushed

[09:53] {nemo} did you say, "conscience"?

[09:53] {Threei} no kidding, bids were almost non-existent

[09:53] {jfjf64} 1/1

[09:53] {Threei} nemo I did but I don't know the word's meaning...

[09:53] {level777} worse scneario = daytraders buy and there's no liquidity

[09:54] {jfjf64} lk steelin today what goin on

[09:54] {Threei} I just insert some idioms here and there and hope they fit

[09:54] {nemo} politics in your future

[09:54] {jfjf64} out in full

[09:54] {nemo} aapl must be driving the qs

[09:54] {Threei} look how weak RIMM is

[09:55] {nemo} that's what I mean

[09:55] {nemo} aapl isn't slowing

[09:55] {dino} sm l met .30

[09:55] {magoo} nah rimm just late to party

[09:55] {nemo} we're in window dressing period for the half

[09:55] {Threei} jumped with this uptick... but looking at it as my short candidate for when the markrt gets tired

[09:55] {Threei} don't know mags.. still red

[09:55] {ese} intc approaching that 7 day high .30

[09:56] {dino} cedc sm l .35 wide one

[09:56] {Threei} see how much it dropped with just 1 point NQ dontick?

[09:57] {Threei} Short Setup: CAT .80 break

[09:57] {Threei} if stays below .90

[09:57] {magoo} in cat

[09:58] {Threei} RIMM dropped too fast, never gave a chance for entry

[09:58] {magoo} out cat - dime

[10:00] {BillyD} jf...thx for TWB heads up at .61...got a scalp

[10:00] {ese} guess somebody likes the low interest rates

[10:00] {Threei} Fed's Bernanke: Fed acted with integrity in BAC/Merrill deal; annulment of deal could have posed risks

[10:00] {Threei} CAT no worky

[10:01] {Threei} grrr RIMM

[10:01] {magoo} yea..good read on it

[10:03] {nemo} yeah, but shorting into a vaulting market...owww

[10:03] {dino} he said she said battle, bernanke

[10:05] {BillyD} watching CAR for 5 hold and 5.1 break

[10:08] {Threei} Short Setup: RIMM .90 break

[10:08] {nemo} already gone

[10:08] {Threei} stop about 5 cents above 70

[10:09] {Threei} 1:1

[10:09] {Threei} half cover

[10:10] {Threei} scalpers take it off the table of course

[10:10] {dino} met to .70

[10:10] {dino} out cedc .87, +.52

[10:11] {dino} met to .80

[10:11] {wulff} QLD providing some opportunities

[10:11] {dino} out met .80 +.50

[10:15] {Threei} out RIMM in full

[10:15] {Threei} +.40

[10:17] {wulff} strange to short on an up day

[10:17] {Threei} well, this is weak stock on a strong day

[10:17] {Threei} salmon principle

[10:17] {jfjf64} hig .80 break with help fas

[10:17] {Threei} guess who is on TV

[10:18] {Threei} MTMC ready to open

[10:18] {jfjf64} in

[10:19] {magoo} 10:20 open

[10:20] {Threei} non shortable

[10:20] {Threei} MDSO IPO opens for trade at $17.50 (19.00, 0.00, 0.00%)

[10:21] {magoo} really no chance to short

[10:22] {jfjf64} out 5 cents scalp

[10:22] {magoo} i wanna treach behind and pat my own back like vad

[10:23] {Threei} just be aware of possible shoulder dislocation

[10:23] {Threei} but otherwise, by all means

[10:26] {jfjf64} len vad

[10:26] {magoo} i laid out a long exit GS at 143.67..look high

[10:27] {Threei} nice

[10:28] {magoo} magoo faints...hits head on keyboard

[10:28] {magoo} wakes up and tells vad of dream he had that vad complimented him

[10:28] {magoo} with no sarcastic under tone

[10:29] {nemo} pure fantasy magoo

[10:29] {magoo} yea yea

[10:30] {Threei} sigh

[10:33] {dino} bailout era over? with tese hearings maybe...

[10:33] {dino} these

[10:35] {wulff} who wants to buy some random stocks with me?

[10:35] {Threei} sounds like lovely idea

[10:35] {jfjf64} ditto

[10:35] {wulff} we could use the sexy ticker idea

[10:36] {dino} sure

[10:36] {wulff} I once through darts at a paper, and beat myself soundly over a year

[10:36] {jfjf64} that a boy dino

[10:37] {Threei} can't believe MNTA

[10:38] {Threei} GS fast drop

[10:38] {dino} :)

[10:40] {magoo} MTMC sheesh

[10:42] {level777} MTMC ..cant figure

[10:43] {Threei} {MTMC} neither can I... so I go with the wind

[10:43] {dino} off my screen

[10:43] {Threei} Long Setup: PALM .80 break if stays above .75

[10:44] {Threei} scalp only most likely

[10:44] {dino} reports tonight i think

[10:44] {Threei} (US) Transportation Sec Lahood: may need to consider further highway user fees

[10:45] {Threei} sure, why not

[10:45] {Threei} btw, there is air we all breathe

[10:45] {Threei} tax it

[10:45] {Threei} inhale, pay, exhale, pay

[10:46] {dino} give them time, they will find a way

[10:46] {Threei} oh, and label unpatriotic those who find the way to hold their breath

[10:51] {wulff} QLD tight base

[10:53] {Threei} changing my mind on PALM

[10:53] {Threei} if works, will partial

[10:53] {Threei} and try for more than scalp

[10:54] {Threei} stop is the same though

[10:55] {Threei} 1:1

[10:55] {Threei} half out

[10:55] {Threei} scalpers be happy

[10:57] {magoo} freakin mtmc

06[10:57] * Threei slaps magoo around a bit with a large heavy object of unknown origin and for absolutely no reason

[10:57] {magoo} ty

[10:57] {magoo} i needed it

[10:57] {Threei} always

[11:00] {BillyD} ty for PALM scalp

[11:00] {Threei} sure thing

[11:01] {Threei} out 1/4 more

[11:02] {Threei} NY Fed: Fed purchases $9.53B in treasuries; bid to cover 2.93

[11:07] {dino} sm l jpm .00

[11:09] {dino} things got slowwwwww

[11:09] {Threei} {things} ok, that's offensive

[11:13] {dino} markets then

[11:13] {dino} cedc sm l .15

[11:17] {jfjf64} wiil try cag .84 trigger

[11:19] {dino} was looking at cag too

[11:20] {dino} mon wants that 72 area, march lows

[11:20] {jfjf64} need market help

[11:20] {Threei} Fed's Bernanke: I do not regret anything about successful Merrill deal - House Q&A

[11:20] {Threei} - says there was not pattern of pressure put on BoA.

[11:20] {Threei} - says he does not recall details of his "long conversation" with the Fed's lacker.

[11:20] {Threei} - says keeping the SEC in the information loop about BoA/Merrill was not a top priority; Fed left disclosures to BoA's management.

[11:21] {jfjf64} in

[11:23] {jfjf64} eat em up

[11:24] {Threei} {CAG} chomp chomp chomp

[11:24] {Threei} good lord... I actually managed to type chomp three times differently... had to correct before hitting enter

[11:26] {Threei} Ben: a loss of Fed independence would harm US economy and the USD - House Q

[11:27] {jfjf64} comon

[11:28] {jfjf64} half out

[11:28] {Threei} good one

[11:28] {jfjf64} stop .90

[11:30] {jfjf64} chomp chomp

[11:30] {wulff} I want to short RIMM

[11:30] {nemo} up market wulff

[11:30] {Threei} not very good idea right now, IMO

[11:30] {dino} gj jf

[11:30] {jfjf64} dino ya in cag

[11:30] {wulff} alright

[11:31] {Threei} RIMM used to be relatievely weak earlier when we went for that short,

[11:31] {dino} no on cag wanted 17s

[11:31] {Threei} stayd midrange or near lows depsite market strength

[11:31] {jfjf64} out

[11:31] {dino} fslr

[11:31] {Threei} that changed now, it hits its day highs with market

[11:32] {Threei} it's still in the red,

[11:32] {Threei} it's still one of better short candidates for when market reverses,

[11:32] {Threei} but it's no longer that obvious and easy

[11:32] {wulff} there is my RIMM

[11:37] {dino} jpm to .39

[11:38] {wulff} 11:26 wulff I want to short RIMM

[11:38] {dino} out jpm, +.39

[11:41] {Threei} ok... out PALM in full

[11:41] {Threei} .99

[11:45] {Threei} noone else held it?

06[11:46] * Threei slaps dptl around a bit with a large and heavy wet towel, just for the heck of it

[11:46] {dino} cedc to .52

[11:47] {dptl} ouch :)

[11:48] {dino} out .55, +.40 cedc

[11:52] {dino} a woodchuck could chuck as much wood as a woodchuck could chuck if a woodchuck could chuck wood

[11:53] {ese} ok ...here we go again with intc making a move toward the 7 day high

[11:53] {nemo} I've seen racoons pick up full trash barrels

[11:54] {ese} how much wood would a woodchuck upchuck if the damn thing really starts to eat the wood....

[11:54] {ese} hmmmmmm??????? did ya ever think of that hmmmmmm

[11:57] {dino} lol

[12:01] {ese} bstop intc .30

[12:06] {magoo} we in anything?

[12:06] {BillyD} a trance

06[12:07] * magoo slaps BillyD around a bit with a large trout

[12:07] {Threei} ever since you ignored my PALM trade, I decided to keep all future calls to myself

[12:07] {BillyD} I realized that was coming after post

[12:08] {magoo} i watched good military chjannel last nite,,battle for stalingrad

[12:08] {ese} good line though billy

[12:08] {magoo} what was it like being there vad :)a

[12:08] {Threei} just how old do you think I am

[12:09] {ese} was about to ask that

[12:09] {magoo} well, from pics ive seen he he

[12:09] {ese} ouch

[12:11] {ese} man i ducked here.....thought a slap was coming for sure

[12:12] {Threei} I officially state that rumors of this image being me are false: http://www.much.net/free/picture.html

[12:12] {ese} bstop intc invalidated for me

[12:12] {ese} ohhhh funny funny funny.......good one vad

[12:14] {Threei} so is this: http://www.proteinpower.com/drmike/wp-content/uploads/2007/07/27mummy_lg.jpg

[12:16] {ese} is it a boring life being a trading room specialist vad........seem to have alot of time on your hands

[12:16] {magoo} u should put first pic on realality trader site lol

[12:30] {dino} zzzzzzzzzzzzzzzzz

[12:31] {BillyD} hope it won't be this way all summer

[12:32] {BillyD} MDRX nice chart

[12:42] {Threei} Preview: Treasury's $26B 7-year note auction results due out just after 1pmET

[12:42] {Threei} - $27B is a $1B increase from the May auction

[12:42] {Threei} - this is the fifth auction since the Feb $22

[12:43] {dino} rjet gives it back today

[12:46] {BillyD} yeah, tough to short as it gaps down with no volume at open and do not want to chase

[12:47] {dino} rht?

[12:47] {dino} report looks ok

[12:49] {BillyD} AM keeps going

[12:51] {dino} good short somewhere, imp

[12:51] {dino} 6.50 to 10.25 in 24 hours

[13:01] {Threei} TREASURY'S $27B 7-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.82 V 2.28 PRIOR AND 2.29 OVER THE LAST FOUR

[13:02] {Threei} indirect bidders take 67.2% of competitive bids

[13:02] {Threei} - notes draw 3.329%

[13:02] {dino} farrah fawcett just died

[13:03] {BillyD} wow

[13:05] {nemo} She was the pin-up when I was a teenager

[13:05] {nemo} painful way to go, hope she's at peace

[13:06] {dino} same here nemo, i had the poster\

[13:06] {wulff} me too

[13:07] {nemo} market relentless today

[13:09] {dino} indeed

[13:10] {ese} L intc .30

[13:22] {Threei} great help... I went to http://magic8ballonline.com/8ball/index.cfm?go=yes and asked mags traditional question: rip or rot

[13:22] {Threei} darn thing answered: It is certain

[13:22] {dino} lol

[13:22] {nemo} I'm going with rip

[13:23] {Threei} second try: Without a doubt

[13:23] {Threei} this is one confident 8-ball

[13:23] {dino} ndx and s/p fri gaps filled

[13:26] {Threei} (US) White House says biotech drugs generic competition should start after seven years of patent exclusivity (related BBH TEVA )

[13:26] {Threei} what is it now?

[13:26] {dino} 18 i think

[13:27] {nemo} that should see biotech stocks drop

[13:27] {Threei} PFE no reaction

[13:28] {Threei} neither TEVA

[13:28] {nemo} TEVA is generics

[13:28] {Threei} I guess there is long way from "says" to actual changes

[13:28] {Threei} yes, so shouldn't it go up on that?

[13:28] {nemo} I get it

[13:29] {nemo} Gave a Yin and a Yang..hehehehehehehe

[13:29] {level777} That House can actually speak?

[13:29] {Threei} real question should be... "can it think"?

[13:29] {Threei} and my answer would be...

[13:29] {Threei} ummm

[13:29] {level777} i hink he should hold another press conference about this

[13:32] {Threei} MNTA, I am crying

[13:39] {Threei} what a weird comment:

[13:39] {Threei} YHOO CEO: If we ever do strike a deal with MSFT, it will be announced publicly - annual meeting comments

[13:39] {Threei} huh?

[13:58] {wulff} WFC ripe

[14:00] {Threei} guess who is on TV

[14:03] {dino} am sm s .30, stop .51

[14:05] {Alw} Hi dino - does this mean you are shorting am at 10.30 with a cover at 10.51? thks

[14:06] {nemo} y

[14:06] {Threei} in case dino is busy - right, with stop being at .51, profit target somewhere nice

[14:06] {dino} yes

[14:06] {Alw} thks all

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

[14:06] {dino} np

[14:06] {Alw} ouch!!!~

[14:07] {nemo} rimm in bounce zone

[14:07] {nemo} Alw...it's just a fish

[14:08] {magoo} haveanother

06[14:08] * magoo slaps Alw around a bit with a large trout

[14:09] {Alw} funny guys!!!

[14:09] {nemo} mags...he thinks it's funny

[14:09] {magoo} s aapl .50

[14:09] {magoo} risk-a-roo

[14:09] {magoo} .08 target

[14:10] {magoo} stop .71

[14:11] {magoo} out no go

[14:12] {magoo} cabnt fall with that pullbk in mkts

[14:12] {nemo} Mmmmmhhhhh...somehow I got on the Democratic Committee mailing list

[14:14] {nemo} AM has a long way down if it closes below .15

[14:15] {dino} to where?

[14:15] {dino} thinking .70s

[14:16] {nemo} little resistance @ .05, next major in the 9.90/.85 area...70 possible, but given the up day I would think there's another 'ally on the way

[14:18] {dino} time will tell

[14:18] {nemo} yeah, it just closed above 13 ma

[14:22] {magoo} long rimm .30

[14:22] {magoo} RISKY

[14:27] {Threei} US announces $3.9B in funds available for smart power grids (related ITRI GE )

[14:27] {Threei} tyhere was some small stock related to smart grids...

[14:29] {Threei} what's with ADES?

[14:35] {Threei} (CA) Canada PM Harper: Canada should be out of the budget deficit within two years of recession end (related USD/CAD )

[14:36] {BillyD} Maybe CA can loan US some money then

[14:44] {Threei} US House Democrat reportedly sees inadequate votes for climate deal passage at the moment

[14:44] {Threei} - Reminder: Vote on climate deal is due Friday (related USO FAN TAN )

[14:44] {Threei} hmmm

[14:44] {Threei} can it be? I thought any stupid idea has enough votes these days

[14:44] {Threei} and the stupider the idea...

[14:44] {Threei} SQNM filed a stipulation of dismissal in the United States District Court for the Southern District of California in which the parties stipulated that (i) the patent infringement action brought by Beckman Coulter and Orchid Cellmark against us was dismissed with prejudice, (ii) the counter claims brought by us against Beckman Coulter and Orchid Cellmark were dismissed without prejudice, and (iii) each party to the lawsuit agreed to bear its own attorneys fees and costs. We are not required to make any payments to Beckman Coulter or Orchid Cellmark nor are we required to take a license to the patents, and, as such, the conclusion of this litigation has no material adverse impact on our business, financial condition, or results of operation - filing dated 6/22 (4.00, 0.02, 0.50%)

[14:48] {dino} am stopped -,22

[14:50] {Threei} btw who missed

[14:50] {Threei} http://www.realitytrader.com/blog/2009/06/averaging-down-yea-or-nay.html

[14:51] {BillyD} read it yesterday....good perspective when it is ok and when not

[14:51] {Threei} ty

[14:51] {Alw} makes sense

[14:56] {ese} have to go everyone....have a concert to do...see ya tomorrow

[14:56] {Alw} bye

[14:56] {ese} cya alw

[14:57] {Threei} take care ese

[14:57] {dino} cya alw

[14:57] {dino} cya es

[15:19] {nemo} what was it, 3 trades today Vad?

[15:20] {Threei} yeah

[15:20] {Threei} but what trades

[15:20] {nemo} short cat rimm, long palm

[15:20] {dino} rht l .21

[15:20] {Threei} (RU) Russia is considering an economic bailout plan - FT

[15:20] {Threei} sure... it's shame really, everyone has one, why not us

[15:26] {magoo} theres an ass for every seat

[15:26] {magoo} and the second mouse gets the cheese

[15:28] {dino} gun to the head; up

[15:29] {magoo} as magoo stands behind dino with a glock against his head

06[15:29] * nemo stands behind magoo with a Desert Eagle

[15:29] {magoo} vad stands behind nemo with a smith wesson

06[15:29] * nemo wonders, "Where's Vad with the rocket launcher?"

[15:30] {nemo} oh, o.k. thanks

[15:31] {nemo} speakin' for Vad now, Mags?

[15:31] {nemo} cya tomorrow

[15:32] {dino} cya nemo

[15:36] {dino} guess i was wrong

[15:41] {BillyD} RIMM interesting and kind of weak

[15:48] {jfjf64} rht.25 break

[15:50] {jfjf64} out

[15:51] {dino} gj

[15:51] {dptl} have a good evening all

[15:52] {Threei} you too

[15:52] {jfjf64} luv those breaks

[15:52] {Threei} CDC: Swine flu has not shown resistance to Relenza or Tamiflu; US cases may have topped 1 million (related GSK.UK ROG.SZ NVAX GILD )

[15:54] {jfjf64} cpd.22 trigger

[15:54] {dino} denny crane

[15:56] {jfjf64} outout

[15:56] {jfjf64} .34

[15:56] {BillyD} nice jf

[15:56] {Threei} very

[15:57] {dino} gj

[15:57] {Threei} jf today and jf two month ago...

[15:58] {Threei} okay guysm, thank you all

[15:58] {Threei} have a great evening, see you tomorrow

[15:58] {jfjf64} s tza .82

[15:58] {dino} guess i was right after all

[15:59] {dino} rht out .30, +.09

[15:59] {jfjf64} out

[15:59] {jfjf64} yeah baby

[16:01] {dino} mojo

[16:01] {fernp} good evening all

[16:01] {dino} u2, gotta hop, take care

[16:02] {jfjf64} later boys

[16:02] {jfjf64} going to bank

[16:02] {jfjf64} lol

[16:02] {dino} lol and gj jf

Jun 24 2009

Very nice first half of the day with MGM long and RIMM both directions. Afternoon was a snoozer.

Session Time: Wed Jun 24 00:00:00 2009

[08:04] {BillyD} good morning

[08:28] {BillyD} Vad, you see any nes on AIB

[08:28] {BillyD} news

[08:32] {Threei} Morning

[08:32] {Threei} AIB?

[08:32] {BillyD} yes

[08:32] {Threei} my news feed doesn't even have this symbol, lol

[08:32] {BillyD} lol

[08:33] {BillyD} it's banking so maybe a general news

[08:36] {Threei} 08:30 *MAY DURABLE GOODS ORDERS: +1.8% V -0.9%E; DURABLES EX-TRANSPORATION: +1.1% V -0.5%E

[08:36] {Threei} - Prior Durables revised from +1.9% to +1.8%

[08:36] {Threei}

[08:36] {Threei} this then

[08:39] {Threei} ISTA FDA staff comments that Bepreve has not serious adverse events reported (3.79, 0.00, 0.00%)

[08:41] {Threei} FDA staff comments that Bepreve has no serious adverse events reported in studies over treatment of allergy related eye itching, but 25% of patients in one study had a side effect of bitter taste

[08:41] {Threei} - FDA staff comment come ahead of an upcoming FDA advisory panel meeting

[08:41] {Threei} between eye itching and bitter taste I'll take bitter taste any day

[08:43] {BillyD} RIMM gaps 2

[08:45] {BillyD} maybe some follow thru enthusiasm today

[08:49] {magoo} morning

06[08:49] * BillyD slaps magoo around a bit with a large trout

[08:49] {level777} orcl nice gap

[08:50] {magoo} nice billy

[08:53] {BillyD} Vad, you still using Trade The News

[08:54] {Threei} yup

[08:54] {Threei} magoo :)

[08:54] {BillyD} does it pretty much give you news on staocjks pretty quick if they get sudden spikes, etc

[08:55] {BillyD} stocks

[08:55] {Threei} as a rule, yes

[08:55] {Threei} if there is news

[08:55] {BillyD} ok

[08:55] {fernp} good morning everybody

[08:55] {Threei} if you want to try it, use icon at the bottom of our homepage

[08:55] {BillyD} ok

[08:56] {Threei} it should give you some discount

[08:56] {Threei} fern :)

[09:01] {level777} orcl is almost an automatic short on pops over the years

06[09:02] * Threei slaps magoo around a bit with a large manual on florr sweeping technique. Study it and sweep the room before you leave!

[09:02] {BillyD} lol

[09:03] {dino} gm all

[09:03] {BillyD} gm dino

[09:03] {Threei} dino :)

[09:04] {vinod} GM to all

[09:04] {level777} 3i, i couldnt get my original LevelSeven id, said someone already had it. Who the heck wants to be me?

[09:04] {dino} magoo does

[09:04] {Threei} vinod :)

[09:04] {level777} Idont even want to be me

[09:05] {Threei} huh... I'll ask KS to check up on that, L7

[09:05] {level777} i think its costing me lots oo trade profits

[09:05] {dino} it is

[09:07] {BillyD} Vad, think this gap sells

[09:07] {Threei} hmm

[09:07] {Threei} most of them did lately

[09:07] {BillyD} exactly

[09:08] {Threei} but we are very close to support

[09:08] {jfjf64} mornin guys

[09:08] {Threei} jf :)

[09:08] {magoo} 3 poor days in row ...end of month markups looming...all bulls need/want is a catalyst..which will be fed today...UP we go imo

[09:09] {cosmo} hmm...optimist...

[09:09] {Threei} fed... well, that's hard to gauge

[09:09] {magoo} we may dip at open of course..or it may be rough ride of course

[09:09] {Threei} by all measures, should be non-event

[09:10] {dino} anything can happen

[09:10] {Threei} what is it they can do or say here

[09:10] {Threei} "still tough, green shoots, not out of the woods yet"

[09:10] {Threei} there

[09:10] {magoo} so insightfull dino :)

[09:10] {dino} everyday is a coin toss, thats all i'm saying

[09:12] {magoo} ah..go flip the contra coin, lets see what it says

[09:12] {jfjf64} as long as vad has thinkin cap on we be fine

[09:12] {cosmo} Spring brings new growth ...just look around

[09:13] {Threei} jf... truth be told, the only purpose of that cap is to mask rtotal absence of thinking

[09:13] {Raven} Spring brings mosquitoes

[09:13] {cosmo} brought that is....

[09:13] {Threei} lol

[09:13] {jfjf64} lol

[09:13] {cosmo} yea... got bites here

[09:14] {Raven} West Nile ... be careful

[09:14] {magoo} i havent done this in awhile

[09:14] {cosmo} growing little bumps

[09:14] {magoo} c'mon vad, i need to make a grande, work HARD today lol

[09:15] {magoo} remember when i'd press u everyday ?

[09:16] {jfjf64} yes please and by 11 am hv sons graduation

06[09:16] * Threei hides under the nearest rock never to be seen today again

[09:16] {dino} congrats jf!

[09:16] {jfjf64} ty dino

[09:17] {jfjf64} 5th grade graduation ty

[09:18] {dino} :)

[09:21] {jfjf64} lks lk mgm lvs some play

[09:22] {Threei} Yesterday 16:40 MGM Company has concluded that there is no longer substantial doubt about its ability to continue as a going concern -filing

[09:22] {Threei} - Cites completion of share offering and note placement

[09:22] {Threei}

[09:23] {jfjf64} ty

[09:24] {cosmo} DRYS tests @ open

[09:24] {cosmo} imo

[09:25] {Threei} MGM formed 6.40 resistance pre-market, which is also resistance from the day before

[09:25] {Threei} before yesterday

[09:26] {Threei} let's see if it gives us consolidation and break

[09:26] {jfjf64} intresting

[09:26] {Threei} this thing is capable of nice moves when it's in the mood

[09:27] {Threei} ideally, holding 6.30, consolidating while market makes first hectic opening moves,

[09:28] {Threei} then decisive break

[09:28] {Threei} that would be my preferred scenario

[09:28] {Threei} Break right out of the gate, well

[09:29] {Threei} can go either way... never look back, or give short-lived spike and fizzle out

[09:29] {ese} gm

[09:29] {Threei} ese :)

[09:32] {Threei} Short Setup: ORCL .80 break

[09:32] {ese} out intc yesterday at the end of the day .98 +.17 was in at .81

[09:32] {ese} well close to the end of the day

[09:34] {Threei} CPC IPO opens for trade at $9.45 (9.60, 0.60, 6.67%)

[09:35] {Threei} MGM over 1:1, half out who went for it

[09:36] {dptl} good morning all

[09:36] {Threei} dp :)

[09:36] {ese} ddddddddpppppppppppp!!!!!!!!

[09:36] {Threei} 1:2 1/4 more out

[09:41] {magoo} l rimm here .55

[09:41] {Threei} ORCL no worky

[09:42] {Threei} MGM last portion stop is b/e

[09:42] {level777} ista..watching ffrrvol pick up

[09:42] {level777} for vol

[09:42] {dino} \ogxi

[09:42] {level777} ista break

[09:42] {magoo} .20 cent sto[p

[09:43] {magoo} no go

[09:45] {ese} drys looks like it's in that mood to go and go and go today

[09:47] {BillyD} RJET moving a bit but don't like the chart

[09:47] {Threei} yeah, I looked at it couple times... no pressure

[09:47] {Threei} trades like jellyfish

[09:50] {dino} jpm sm l .50

[09:50] {Threei} RIMM

[09:50] {Threei} .40 break long

[09:50] {Threei} stop under .30

[09:51] {ese} L drys .80

[09:51] {dino} snda

[09:51] {Threei} JPMorgan Chase and Co Reportedly raising card transfer fees to 5%

[09:51] {Threei} - notification part of new federal rules for consumer protections

[09:51] {Threei} lol

[09:52] {Threei} we are getting scrwed just the same, but this time around they notify us

[09:52] {Threei} Preview: May New Home Sales (m/m) due out at 10amET

[09:52] {Threei} **consensus expectation: 360Ke (+2.3%e) v 352K prior.

[09:52] {Threei} - estimates range between 345K to 400K. (related XHB )

[09:53] {Threei} half out RIMM

[09:54] {dino} shld sm l .50

[09:54] {Threei} scalpers take profit

[09:54] {BillyD} ty

[09:54] {Threei} stop to .45

[09:55] {Threei} CMCSA Announces distribution agreement with Time Warner (13.81, 0.02, 0.15%)

[09:55] {Threei} 1/4 more out RIMM

[09:56] {Threei} Comcast Corp Announces distribution agreement with Time Warner

[09:56] {Threei} - to develop broad principles for the TV Everywhere model to guide the distribution of its television content online. The agreement between the companies will make it possible for Comcast customers to access programming from Turner Broadcastings award-winning entertainment networks free online and on demand. In addition, Comcast announced it will begin a national technical trial of its On Demand Online service in July carrying programming from Time Warners Turner networks TNT and TBS.

[09:57] {Threei} stop is still under .50, trying to exit last portion above .80

[09:57] {magoo} ty rimm vad

[09:57] {magoo} out .67

[09:57] {ese} dino....you still in that JPM trade or are you out

[09:58] {tomg} ty rimm vad

[09:58] {Threei} magoo, tom :)

[09:58] {ese} daaaaaa......missed the pullback on it.....shouldn't have ben typing

[09:59] {Threei} MGM... can you or can you not?

[09:59] {dino} in it

[09:59] {ese} out drys .81

[09:59] {ese} even

[10:00] {dino} 34 feels like

[10:00] {ese} better trade than drys

[10:00] {Threei} MAY NEW HOME SALES: 342K V 360KE (% M/M)

[10:00] {dino} i prefer tbsi over drys use drys as tell

[10:01] {Threei} ABMD Announces First FDA-Approved AbioCor Implant at UMDNJ-Robert Wood Johnson Medical School and Robert Wood Johnson University Hospital (8.44, 0.24, 2.93%)

[10:02] {Threei} - Median sales price: $221,600 v $212,600 m/m

[10:02] {Threei} NVAX Preclinical Proof-of-Concept Studies Published for Novavax Seasonal Influenza Virus-Like-Particle Vaccine (2.53, 0.13, 5.42%)

[10:02] {ese} does it always trade that thin TBSI

[10:03] {Threei} too bad home numbers didn't help... RIMM weas ready to blast off

[10:03] {magoo} still can

[10:03] {Threei} yeah but I am no longer in

[10:03] {magoo} after thru with fed we gonna get high high

[10:04] {Threei} MGM, trailing to under .50

[10:05] {cosmo} DRYS hod = 5.90 fwiw

[10:06] {Threei} out last piece MGM

[10:06] {Threei} +.30

[10:06] {BillyD} nice one

[10:06] {dino} no es

[10:06] {Threei} 3 for 4 so far

[10:06] {magoo} OY

[10:06] {magoo} dont do that..jinx it

[10:06] {Threei} did I get you off my back mags?

[10:06] {magoo} i want 9 of 10 today

[10:07] {Threei} sigh

[10:07] {magoo} hey..it worx as motivator ..see

[10:07] {BillyD} ORCL, MGM, RIMM...what was 4th one

[10:07] {magoo} in all fairness, i do have a G..TY

[10:08] {Threei} there was no 4th one Billy... I was just trying to relieve pressure by magoo

[10:08] {BillyD} lol

[10:08] {Threei} :)

[10:08] {magoo} aapl was 4th

[10:08] {magoo} off rimm call

[10:08] {Threei} by a proxy

[10:09] {Threei} lol

[10:09] {magoo} alot of times he call rimm i take both

[10:09] {ese} markets made up it's mind it's going up...regardless of new home sales

[10:09] {Threei} ORCL... don't remember it holding gap that persistently

[10:11] {dino} titn sm l .74

[10:13] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:13] {Threei} **consensus expectations:

[10:13] {Threei} Crude: -1.2Me

[10:13] {Threei} Gasoline: +1.3Me

[10:13] {Threei} Distillate: +800Ke

[10:13] {dino} snda sm l .00 trig

[10:13] {dino} giddy-up

[10:14] {dino} shld stop to .90

[10:15] {Threei} RJET woke up... grr

[10:15] {dino} to .99

[10:17] {dino} out shld .30, +.80

[10:17] {ese} in your opinion vad....whats drvin the market....end of the month buying?

[10:18] {Threei} "frankly my dear...."

[10:18] {Threei} :)

[10:18] {dino} -7% in 3 days, imo

[10:18] {ese} gotcha!

[10:19] {level777} whats a pb price for MGM?

[10:19] {dino} dltr stop to .90

[10:19] {ese} reason iwas asking is i'm still stalking a swing long position with intc at .30

[10:20] {dino} -7 in 8 days i mean

[10:20] {Threei} 6.60 mostl likely... but it doesn't show much willingness to pull back

[10:20] {dino} es no swings in summer

[10:20] {ese} huh...really?

[10:20] {dino} i have paid dearly for them

[10:21] {dino} summers' scalp time imo

[10:21] {ese} hadn't heard that adage

[10:21] {ese} not even for a couple of days

[10:21] {ese} overnight?

[10:21] {Threei} talking heads though have this expression I've never understood : summer rally

[10:22] {Threei} as if we have one each summer

[10:22] {dino} overnight ok, but .....

[10:22] {dino} sell in may and go away

[10:23] {ese} intc.30 would be break of 7 day high.....thought that that would help it go a litle

[10:23] {ese} have heard the sell in may line for sure

[10:23] {dino} in general summers are strange. of course we are living in strange times

[10:24] {Threei} that one is plenty silly to me too, ese

[10:24] {ese} agreed....

[10:24] {Threei} just general human desire for simple solutions

[10:25] {Threei} anyone ever made any money using this kind of adages?

[10:25] {Threei} sell each May

[10:25] {Threei} whatever else they recommend

[10:25] {dino} no

[10:25] {ese} no

[10:26] {Threei} US Rep Frank (D): US House panel to evaluate a consumer protection agency in July

[10:26] {Threei} hurry barney, before they protected us to death

[10:27] {dino} but seriously, summers are different

[10:27] {dino} snda to flat stuck

[10:28] {dino} out snda .10, +.10 pullback

[10:28] {dino} lol, barney. the mother society coming, people can't figure anything out, they need rules

[10:29] {Threei} of course dino

[10:29] {dino} in the end the govt doesn't want you to think

[10:29] {Threei} think of it: we are that stupid that may even smoke flavored tobacco

[10:29] {Threei} how could governemtn stay away and not jump in to help us make smart decisions

[10:30] {dino} personal responsibility out the door

[10:30] {Threei} DOE CRUDE: -3.87M V -1.2ME; GASOLINE: +3.87M V +1.3ME; DISTILLATE: +2.08M V +800KE

[10:30] {dino} dltr to .00

[10:30] {BillyD} Vad, any read on RJET yet

[10:30] {Threei} I wish

[10:31] {BillyD} I am trying to keep from manufacturing one

[10:31] {dino} call barney, he'll give you one

[10:31] {dino} out dltr slip, .95, +.45

[10:32] {Threei} there are local politicians here who insist on ban on drive-through, our of emissions concern during engine idling

[10:32] {Threei} I love their reasoning:

[10:32] {Threei} we understand convinience is nice but it's not absolutely necessary

[10:32] {Threei} I suggest these guys to throw out their TVs

[10:32] {Threei} they are not absolutely necessary

[10:33] {Threei} so by their logic must be discarded

[10:35] {BillyD} if RJET can hold 7 area, then B/O worth a shot with some tension

[10:35] {dino} burn 'em all ike

[10:36] {Threei} oil moving up makes it questionable, Billy

[10:36] {Threei} RJET is sensitive to oil

[10:36] {BillyD} makes sense, thanks...plus it needs more tension

[10:36] {ese} I'm also looking at the 16.50 mark for intc....if it gets there this would be the fourth time bumping up against it.......and if it gets through that should propel it up quite significantly

[10:36] {Threei} yeah, tough one really

[10:36] {level777} MGM drop

[10:37] {Threei} looks temtoing, and chart looks right

[10:37] {Threei} but can turn into trap with horrifying speed

[10:37] {Threei} watching it L7

[10:37] {BillyD} it is alluring to impulsive decision....lol

[10:39] {dino} hmmm, not sure what bd is watching

[10:40] {Threei} RJET dino

[10:41] {dino} jpm stop to flat

[10:42] {dino} 8.20s resistance

[10:43] {dino} doesn't make sense, buyout and they are the buyer

[10:43] {dino} break of 7?

[10:44] {Threei} really can't tell

[10:44] {Threei} tempting

[10:44] {dino} rather higher

[10:44] {Threei} double top

[10:44] {Threei} second one made on lower volume

[10:44] {BillyD} was thinking .12 or.13 earlier worth a shot

[10:44] {dino} waiting around 8

[10:45] {Threei} so... technically speaking yes, 7 break is short

[10:45] {Threei} but this thing is not very technical

[10:45] {dino} problem is how much, to 6.80ish?

[10:46] {dino} "there are better worlds than this" imo

[10:46] {Threei} yeah

[10:47] {dino} another buck i like it short

[10:47] {dino} lorl 3i?

[10:47] {dino} or oxgi?

[10:48] {dino} lotrl too thin

[10:48] {Threei} LORL no idea

[10:49] {dino} jpm hod es

[10:49] {Threei} OGXI had news

[10:49] {Threei} OncoGenex Pharmaceuticals, Inc Completes Amendment to Phase 3 Special Protocol Assessment

[10:49] {Threei} - Co has reached an agreement with the U.S. FDA via the special protocol assessment process (SPA) on an amendment to the design of a Phase 3 registration trial of OGX-011, its lead product candidate targeting castrate resistant prostate cancer (CRPC).

[10:49] {Threei} - The FDA has agreed on modifications to the study population of a previously reviewed Phase 3 trial featuring survival as the primary endpoint.

[10:49] {Threei} - The study population has been modified to evaluate patients receiving first-line chemotherapy, rather than those receiving second-line chemotherapy. FDA agreed that the amended protocol adequately addresses the objectives necessary to support a regulatory submission.

[10:51] {dino} jpm to .80

[10:53] {Threei} MGM bounced right off .60, but did it with such flat pace, was really tough to nail entry

[10:59] {dino} out jpm +.30

[10:59] {Threei} .short rimm .10

[10:59] {Threei} Short Setup: RIMM .10

[11:00] {Threei} if stays under .25

[11:01] {dino} wxs

[11:01] {BillyD} every futures uptick these stocks jump one way or the other

[11:03] {dino} sm l wxs .49

[11:07] {Threei} OGXI Rodman & Renshaw maintains Outperform rating, price target $32 (timing uncertain) (22.09, 2.67, 13.75%)

[11:08] {dino} hmmm

[11:10] {BillyD} Vad, does RIM seem a bit stronger than mkt overall

[11:10] {BillyD} RIMM

[11:10] {Threei} hard to tell... maybe a tad, but could also be just violatility

[11:11] {vinod} short setup for rimm still good?

[11:11] {Threei} no, went above the invalidating level

[11:11] {Threei} gotta hunt fkor a new one

[11:12] {vinod} ty

[11:12] {Threei} .25 became a short trigger now

[11:12] {Threei} with .40 being invalidating level

[11:12] {Threei} Short Setup: RIMM .25

[11:13] {Threei} (US) Senate Report: US healthcare insurers underpay claims

[11:17] {Threei} if feel very stingy, trail stop to above .35 on RIMM

[11:17] {vinod} in RIMM

[11:19] {dino} wxs stop is .09 fwiw

[11:21] {dino} stopped

[11:23] {BillyD} 1st cover area on RIMM?

[11:23] {BillyD} under .10

[11:23] {Threei} near .10

[11:24] {Threei} and stop is above .35 for everyone now

[11:24] {Threei} any trade under .14, trail to above .30

[11:25] {Threei} there

[11:25] {Threei} risk becomes negligible here

[11:25] {Threei} 1:1, covering half... scalpers know what to do

[11:25] {BillyD} good...out 1/2

[11:27] {vinod} cover 72.09

[11:27] {BillyD} out rest ty

[11:27] {Threei} 1:2, cover 1/4 more

[11:27] {vinod} little scary for me with 2k

[11:28] {BillyD} where is your stop on RIMM now ...over .10

[11:28] {Threei} .15

[11:29] {Threei} gotta account for its natural volatility

[11:29] {BillyD} you are right

[11:29] {BillyD} it is a cleaner level

[11:33] {Threei} was it a thing of beauty or what

[11:33] {BillyD} yeah....it disconnected a bit from mkt

[11:34] {BillyD} with it's upticksa

[11:34] {Threei} MSFT CEO: Advertisitng by MSFT is a $2B business, predicts there will be "no newspapers in the future"

[11:34] {Threei} {newspapers} we predict there will be no MSFT in the future

[11:34] {Threei} predicts there will be "no newspapers, magazines or TV in the future"

[11:35] {Threei} will there be future?

[11:35] {BillyD} TV would be tough

[11:35] {Threei} cosmo, don't answer

[11:37] {BillyD} you trying for under .90 on you last partial RIMM

[11:37] {Threei} I guess

[11:37] {Threei} will sewe how it goeas

[11:37] {nemo} SO! you folks been cleaning up this morning???

[11:38] {Threei} yes, and we hurried to get it all before you get back

[11:38] {nemo} Yeah, sounds like you when you have to share vodka

[11:39] {Threei} I am not big on sharing

[11:39] {Threei} don't know why some make it such a priority

[11:43] {Threei} come on RIMM

[11:43] {Threei} give me sharp drop

[11:44] {BillyD} vad, look at TROW as short here if mkt drops for scalp

[11:45] {Threei} with market help, should work

[11:45] {nemo} I realize I'm thinking, but heading into lunch with the FOMC announcement coming seems like a recipe for, "Hurry up and wait"

[11:45] {BillyD} mkt help is key

[11:46] {Threei} RIMM 1:3

[11:46] {dino} wxs break of .50 last try

[11:46] {nemo} where'd you enter?

[11:46] {Threei} 72.25

[11:47] {nemo} oh, happy day :)

[11:47] {BillyD} nice RIMM read Vad

[11:47] {dino} you da man vad

[11:47] {Threei} I am certain I am no da woman

[11:48] {vinod} :(

[11:48] {Threei} not sure why it upsets you vinod {G}

[11:50] {Threei} SEC votes 5-0 on proposed money market fund rules

[11:50] {dino} lol

[11:50] {Threei} OK, enough is enough

[11:50] {Threei} I am out RIMM in full here

[11:50] {Threei} +.50

[11:51] {vinod} i am upset we sold too early

[11:51] {vinod} i sold

[11:51] {dino} mtmc

[11:52] {vinod} it was one trade 1k day

[11:53] {nemo} nice out on RIMM, running into that hammer support around 10:30

[11:54] {dino} gj vin

[11:54] {dino} ugh snda

[11:55] {nemo} yeah, look how fast it moved up

[11:55] {Threei} FLIR CEO: Military sales could exceed commercial sales; on track to reach annual sales forecasts (22.16, 0.14, 0.64%)

[11:58] {vinod} ORCL good to shoer?

[11:58] {Threei} why?

[11:58] {BillyD} RJET short .79 w/ .90 stop..any thoughts

[11:59] {Threei} all it did today was go up, and it exhibits no sign of letting up

[11:59] {BillyD} in rjet short

[12:00] {Threei} Warren Buffet: Not worried about deflation 'at all'; the economy has been "pretty flat," not seeing any bounce - CNBC

[12:00] {Threei} - Things are "in shambles" this year, will likely stay that way for some time to come.

[12:00] {Threei} - Strongly endorses Fed Chairman Bernanke, believes he should be reappointed for another term.

[12:00] {Threei} - Sees WFC as having 'dramatic' earnings potential with or without TARP (note Buffett has a stake in the compay)

[12:09] {ese} cya in about an hour.......still waitin on intc.......patience, patience...i smell money here

[12:09] {dino} remindes me of bill groos talking his book

[12:09] {ese} i mean patience as in go slow....not patience's handle

[12:10] {dino} sure ya did

[12:12] {patience} :)

[12:19] {Threei} is theree any life out there?

[12:19] {Threei} Mars?

[12:19] {nemo} hi

[12:19] {Threei} Saturn?

[12:19] {level777} mgm nose dive

[12:19] {Threei} see? no life in Las Vegas

[12:20] {BillyD} now RJET

[12:20] {Threei} or in the skies

[12:22] {dino} don't say that to wynn +2.33

[12:22] {BillyD} Vad, any thoughts on tighteneing my stop on RJET....short at .79 with stop of.90

[12:23] {Threei} it's kind of still there

[12:23] {Threei} nothing happened

[12:23] {BillyD} except time passing

[12:32] {Threei} Preview: Treasury's $35B 5-year note auction results due just after 1PM ET

[12:32] {Threei} - $35B auction size is unchanged from last two auctions

[12:32] {Threei} - prior bid-to-cover ratio 2.32 with an average of 2.16 over the last 10 auctions

[12:32] {Threei} - indirect bidders took 44.2% of competitive bids at last auction

[12:32] {Threei} - with 44.9% alloted at the high at last auction

[12:32] {Threei} - When Issued notes currently offer a yield roughly 3 basis points above the cash market at 2.69%

[12:38] {magoo} MON crushed

[12:39] {dino} lowered guidance and revs. light

[12:40] {BillyD} out RJET -.13

[12:43] {dino} wxs stop to b/e

[12:43] {dino} crtx spike

[12:44] {dino} ndx, s/p going to fill open gap? lately on up gaps they have been

[12:46] {dino} mon maybe looking to march lows

[13:01] {dino} myrg

[13:01] {Threei} TREASURY'S $35B 5-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.58 V 2.32 PRIOR AND 2.16 AVG OVER THE LAST 10 AUCITONS

[13:02] {Threei} indirect bidders take 62.8% of competitive bids

[13:02] {nemo} no reaction yet

[13:03] {nemo} a bit muted on this auction so far

[13:04] {magoo} we in anything vad??

[13:04] {dino} am

[13:04] {nemo} coma

[13:04] {Threei} in coma

[13:06] {dino} am seems a bit much

[13:07] {KSystems} hi :)

[13:07] {Threei} KS :)

[13:07] {Threei} L7... KS is the guy to ask about that weird nick message

[13:08] {KSystems} i am innocent

[13:08] {Threei} you all say that

[13:19] {level777} anybody following YRCW?

[13:19] {nemo} you

06[13:19] * level777 slaps nemo around a bit with a large trout

[13:19] {nemo} boy learns quick

[13:20] {nemo} l7...look at my name...be careful with trout...it is somewhat fratricidal to me...could be psychologically quite damaging

[13:22] {level777} all they had was trout, no sledgehammers available

[13:22] {dino} out wxs .75, +.25

[13:22] {nemo} actually there is, last option, then place your weapon of choice in the box...eg

06[13:23] * nemo slaps level777 around a bit with a large copy of Reality Trader Trading Room Etiquette

[13:23] {nemo} or

06[13:23] * nemo slaps level777 around a bit with a large chain mace

[13:23] {dino} am sm s .14

[13:25] {ese} back....howsssszit goin

[13:25] {nemo} dino...where stop

[13:26] {nemo} in coma ese...waitin' on FOMC

[13:28] {level777} wow, i saw MTMC at 2.50 and said.too illiquid

[13:28] {dino} .44

[13:28] {ese} when do they report nemo?

[13:29] {nemo} 2:15

[13:31] {nemo} I love this, sequential headings on news aggregator: "Oil rises above $69" "Oil falls ahead of Federal Reserve Statement"

[13:32] {dino} mtmc continues

[13:32] {dino} opps

[13:34] {dino} potential over years = $40 million

[13:37] {level777} MTMC getting run up on appx 1 mil shares outstanding on contract nbews...however, there are 30+ mil preferred outstanding..dont think many are aware or what the copnversion might be

[13:38] {Threei} SPEX...

[13:39] {Threei} Wednesday, June 24, 2009 1:01:40 PM

[13:39] {Threei} *TREASURY'S $35B 5-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.58 V 2.32 PRIOR AND 2.16 AVG OVER THE LAST 10 AUCITONS

[13:39] {Threei} - indirect bidders take % of competitive bids

[13:39] {Threei} - notes draw % with % alloted at the high

[13:39] {Threei} oops, wrong one

[13:39] {Threei} Wednesday, June 24, 2009 1:26:25 PM

[13:39] {Threei} Spherix Inc Announces Positive Phase 2 Study Results

[13:39] {Threei} - Preliminary Data Demonstrates Reduction of HbA1c Levels With Doses an Order of Magnitude Lower than the Dose Used in the Current Phase 3 Trial.

[13:40] {Threei} BAC Reportedly e-mail document sent by the Fed's Lacker states "management is gone" if BoA tried to call off its deal with Merrill - unconfirmed report

[13:40] {Threei} - the e-mail reportedly refers to a conversation about BoA management with Fed Chairman Bernanke

[13:40] {Threei} hello comrade Stalin

[13:41] {Threei} here is a little story from Russian history, you'll enjoy this one

[13:42] {Threei} legend goes, the factory manifacturing mathces weas infamous for a very low quality of the product

[13:42] {Threei} not having much to choose from people had to buy their matches

[13:42] {Threei} complaints grew louder, and at asome point reached Stalin's ears.

[13:43] {Threei} Director of the factory was summoned

[13:43] {Threei} visit to Stalin by itself was not a small occassion as you can imagine

[13:43] {Threei} and the guy wasn't even topld what it was about

[13:44] {Threei} He was ushered in the office,

[13:44] {Threei} Stalin sat at his desk reading some document and making remarks on the margin,

[13:45] {Threei} never raising his sight at poor guy, never speaking to him, at some point in dead silence he grabbed his smoking pipe

[13:45] {nemo} hehehehe

[13:45] {Threei} picked up matches manufactured by this factory

[13:45] {Threei} and started trying to ignite them.

[13:46] {Threei} 3 or 5 got broken not giving fire

[13:46] {Threei} Stalin sighed, put the pipe down on the desk and continued working

[13:46] {Threei} no single word, no eye contact

[13:46] {Threei} message was sent and heard :)

[13:47] {Threei} heads rolled, quality of the product was fixed in a matter of days

[13:48] {Threei} Preview: FOMC rate decision and statement due out at around 2:15pmET

[13:48] {Threei} **The FOMC is expected to hold rates steady at 0.25% again today, though speculation has begun to circulate that the Fed could modify its statement to clarify that, while it is thinking about exit strategies, it does not expect to raise rates any time soon. Currently Fed Funds Futures show a 36% chance of a rate hike by the end of 2009. The FOMC may also need to address its asset purchase program in today's statement, as it has already gone through over half of the current $300B allocation, and is on track to reach the full target some time in August or September. With the next FOMC meeting not until August, the Fed will likely need to use either today's statement or Bernanke's semiannual policy testimony in July to outline the Fed's future plans for asset purchases.

[13:50] {Threei} MTMC Halted; news pending (5.26, 3.87, 278.42%)

[14:00] {Threei} (US) Reportedly California will issue IOUs if there is no budget resolution

[14:00] {nemo} The Wimpy strategy

[14:01] {BillyD} Govt IOU's a bit scary

[14:01] {level777} no, Wimpy would issue an IOU tomorrow, for a hamburger today

[14:01] {BillyD} Vad, did it get like that when uou left Russia

[14:02] {BillyD} or govt gave you nothing to begin with

[14:02] {Threei} lol

[14:02] {Threei} it's not really a valid comparison

[14:02] {BillyD} two different worlds entirely

[14:03] {Threei} dictatorship vs democracy... private business based society vs centralized goverment-run economy

[14:03] {Threei} too deep divide

[14:03] {dino} lol l7

[14:03] {Threei} while one certainly can find a lot of similarities, those are either superficial

[14:04] {Threei} or simply based on the fact that human beings are human beings in any country

[14:04] {level777} dino, if you know what I meant by that post, you must be as old as me :)

[14:04] {Threei} I mean, if I had to compare the % of idiots in both societies, I wouldn't be able to tell the difference {G}

[14:04] {BillyD} lol

[14:05] {BillyD} it begins to somewhat diferentiate from that baseline

[14:06] {Threei} yeah

[14:06] {Threei} 9 min to non-event

[14:07] {dino} 44 l7, popeye

[14:07] {dino} whimpy

[14:08] {level777} thats it

[14:09] {dino} classic

[14:09] {level777} the unfortunate part is, im older than you :(

[14:10] {Threei} I can imagine worse situation

[14:10] {Threei} imagine someone who is as old as you are but stpid:

[14:11] {Threei} stupid

[14:11] {Threei} all the age problems with no advantages??

[14:11] {level777} i dont know it thats making me feel better

[14:11] {Threei} sorry... I tried :)

[14:11] {level777} as old as i am? hmmm

[14:11] {Threei} okay... as young

[14:12] {level777} ah, better

[14:13] {Threei} everyone is sooo fragile, I am scared to use trout anymore

[14:13] {Threei} walking on eggshells here

[14:13] {Threei} nemo seems to be the last one I can abuse with no fear of breakming him

[14:13] {level777} i take offense to that

06[14:13] * Threei slaps nemo around a bit with a large 35 lb scorching hot iron

[14:14] {level777} wow

[14:14] {ese} whooaaaaaouch!

[14:14] {Threei} see} he didn't even blink

[14:14] {dino} pretty thick skin here

[14:14] {ese} well ....sometimes discipline just has to be metted out.......

[14:14] {Threei} wait... maybe because he is uncosncious

[14:14] {Threei} 1 min

[14:14] {dino} did not grow up under rah rah regime

[14:15] {dino} he'll be late

[14:15] {Threei} non-event, AND late?

[14:15] {Threei} lol

[14:16] {dino} up down up

[14:17] {Threei} fashinably late

[14:17] {Threei} +o

[14:18] {nemo} huh? what? felt like a bug landed on my shoulder....maybe it was an acorn

[14:18] {Threei} unchanged

[14:18] {nemo} there goes fcx and tck

[14:18] {Threei} FOMC LEAVES RATE UNCHANGED AT 0.25%

[14:18] {Threei} amount of asset purcahses unchanged, target rate to be at low end for extended period

[14:19] {nemo} now on the down elevator

06[14:19] * nemo slaps Threei around a bit with a large copy of Das Kapital

[14:19] {BillyD} my L2 froze

[14:19] {nemo} up elevator on fcx

[14:19] {Threei} Financial markets have generally improved

[14:19] {Threei} - Consumer spending stabilizing,

[14:19] {nemo} at 0

[14:20] {nemo} how long can that keep up as people get fired

[14:20] {nemo} fcx down elevator again

[14:20] {nemo} dramamine please

[14:20] {dino} i was wrong, down 1st

[14:21] {Threei} whole lot of nothing came very fast

[14:21] {ese} wah wah wah???? is the market up....or is it down......

[14:22] {Threei} lol CNN

[14:22] {nemo} move along, nothin' to see here, just some Raven pickin' at corpses

[14:22] {Threei} Fed say things seems to be worsenining more slowly or getting more wose less fast

[14:23] {ese} qqqq big swings

[14:23] {dino} tbt spike

[14:24] {nemo} did that on the last couple of fomc meetings too, I think

[14:24] {ese} well that should mean canadian interest rates will basically stay the same so my mortgage payments will still be low

[14:24] {Threei} pretty much

[14:25] {ese} can invest more in Vad???

[14:25] {nemo} see if tbt breaches today's high...went right to it and is backing off a tad

[14:26] {BillyD} dino, you think yourAM would have dumped a little

[14:26] {ese} qqqq ...that isn't a candle stick chart.....it's stripes

[14:26] {dino} i thiyght so, dead $

[14:27] {dino} thought

[14:28] {dino} bstop tighten to .26

[14:28] {dino} needs to break .00

[14:28] {BillyD} yes

[14:28] {BillyD} getting closer

[14:28] {dino} i should say; "i need it to break .00"

[14:29] {dino} tear down that wall

[14:30] {BillyD} everything jumps so much it is hard to get solid setup

[14:30] {Threei} there is none

[14:30] {Threei} stays on a sideline

[14:31] {Threei} let those who must trade every second get chewed up and spat out

[14:31] {dino} am bstop to b/e

[14:31] {dino} dji gap filled

[14:33] {nemo} How in tarnation do you trade that ekg...look at fcx, tck, rimm

[14:34] {Raven} careful

[14:36] {nemo} about my earlier comment Raven :) or the one immediately preceing?

[14:36] {nemo} preceding

[14:37] {Raven} the earlier one ...

[14:37] {nemo} Oh...brief aside: Raven...what specific optics do u use birding?

[14:38] {Raven} I have several ... 8x40 binos and 10x40 too

[14:38] {nemo} specifically...I'm an optics snob

[14:38] {Raven} 20-60 power scope

[14:38] {nemo} spotting scope?

[14:38] {Raven} yup

[14:38] {dino} i have the only short that doesn't drop

[14:39] {BillyD} lol....

[14:39] {nemo} Nikon, Bausch & Lomb, Swarovski, Leica, Kahles

[14:39] {nemo} ?

[14:39] {BillyD} it kinda makes you feel singled out

[14:39] {Raven} scope is Bushnell ... bino's Bushnell and Zeiss

[14:40] {nemo} Bushnell...the elites?

[14:40] {nemo} Zeiss...Schott Glasswerk, nice stuff

[14:41] {Raven} yes but my Zeiss ate 25 years old and the lenses on my throw away Bushnell almost a good

[14:41] {nemo} less accent with the Zeiss

[14:41] {Raven} the Bushnell binos cost $105 ... rofl

[14:41] {dino} am covered flat

[14:42] {nemo} I find at about $900 is where it becomes difficult to tell the difference, below that, I see differences in optics...best I've seen in that range are Nikon...although have Bushnell Elite scope

[14:43] {Raven} I will check the cheapie model ... brb

[14:44] {ese} sell off to clear out weak hands???

[14:44] {nemo} SON

[14:44] {ese} or are we actually headed down

[14:45] {Raven} Bushnell Nature View 8x42 ... was $105 delivered last year

[14:45] {nemo} What state are you in Raven?

[14:45] {Raven} Michigan

[14:45] {ese} now were headed up ...... well i can officially tell you that i can't trade this type of market.....have no f^%$%$ idea

[14:46] {nemo} Any Cabelas or Bass Pro shops around you?

[14:47] {Raven} Cabelas two hours east

[14:49] {BillyD} Vad, do you trade the ETF's like EDZ etc and is there a way to eliminate them from scanner

[14:49] {nemo} A bit far...If you haven't already, and you get a chance, they'll have a large selection from cheap to expensive...Spend some time at the counter and, if you can, look at camoflage clothing at a distance. Low contrast differentiation, espcially in low light is where the differences really show up. Usually the optics counter is in the middle of the Cabela's store.

[14:50] {Threei} not sure about elimination billy

[14:50] {BillyD} I don't see a way

[14:50] {Threei} wouldn't want to ban whole exchange

[14:51] {BillyD} no

[14:51] {Threei} although AMEX is not very valuable exchange

[14:51] {BillyD} I just have NYSE and NASDAQ selected

[14:52] {Threei} there was time when almost all ETFs traded at AMEX

[14:52] {Raven} I will try that sometime ... spend a hour or so endearing meself to clerk ... and buy nothing

[14:52] {Threei} ARUN

[14:58] {dino} jpm sm l .40

[14:59] {nemo} happens all the time Oh winged one

[14:59] {Raven} yes

[15:00] {nemo} Besides..maybe you'll be struck by the difference, and go, "What the Hell...can't take it with me anyway."

[15:01] {Raven} lol ... I have made comparisons ... so not likely

[15:01] {nemo} then again...maybe not

[15:01] {vinod} one more trade before close?

[15:03] {Threei} if it comes around

[15:03] {vinod} i am still upset about RIMM

[15:03] {Threei} it's not like I have them but don't share :)

[15:03] {dptl} have a good evening all

[15:03] {Threei} take care dp

[15:03] {BillyD} cya dp

[15:03] {vinod} just kiding

[15:03] {ese} cya dp

[15:04] {dino} cya dp

[15:09] {dino} dji broke yesterdays' lod

[15:09] {nemo} Rimm heading towards .60 breakdown?

[15:10] {Threei} ummm... yes? :)

[15:10] {nemo} lotta' air under there

[15:15] {nemo} big volume spike on that green candle

[15:16] {ese} what makes sense here dow to 8000

[15:16] {ese} or bounce with low interest rates

[15:17] {dino} 8016 gap es

[15:17] {dino} then 7776, 7273, 6547

[15:18] {ese} not seeing that gap.......what day was that dino

[15:18] {dino} 4/28, 4/2, 3/20, 3/9

[15:20] {dino} on other side 8799; 3/12

[15:20] {dino} 6/12 i mean

[15:22] {ese} hmmmmm gotta think about different charts.....my daily charts arn't showing some of those

[15:23] {dino} i could be wrong

[15:23] {ese} were talking about the "indu" right?

[15:23] {ese} theres gaps all over my s&p and naz charts

[15:24] {dino} yes

[15:25] {dino} i have 1361,1252,1187,1043 ndx

[15:25] {dino} 855,811,768,676 s/p

[15:25] {dino} 8799,1489,946 6/12

[15:26] {dino} 1471, 920 6/19

[15:26] {ese} hmmmmm for instance a biggie on my COMP is 10/03/08 that needs to be filled to the upside...to me that would take priority

[15:26] {dino} it very well may, :)

[15:28] {dino} i suppose depends on recovery, a "v" or "w". i'm in "w" camp

[15:29] {nemo} what about a \/\_________

[15:30] {vinod} it is going to be V=V=W

[15:30] {ese} i'm in w camp with shallow pullback

[15:30] {vinod} V+V=W

[15:30] {ese} comp to me is looking like huge cup and handle

[15:31] {dino} prefer a beer mug

[15:31] {ese} the dow on the other hand doesn't......could head down to 7500 for head and shoulders botom

[15:36] {vinod} have a nice evening to all

[15:37] {Threei} take care vinod

[15:37] {dino} cya vin

[15:37] {ese} cya vin

[15:38] {ese} and still stalking intc .30

[15:39] {wulff} is there some higher trading math I missed?

[15:39] {dino} indeed

[15:39] {dino} pnra sm l .10

[15:40] {dino} 3:40

[15:45] {dino} rbcn

[15:47] {ese} i'm outta here also........take care see ya tomorow

[15:47] {Threei} take care ese

[15:47] {nemo} cuese

[15:47] {dino} cya es

[15:48] {dino} ugh snda, 3 pts over my exit

[15:52] {wulff} yeah. I sold into strength!

[15:52] {wulff} I love what you said.

[15:53] {wulff} hat else are you going to sell into?

[15:53] {Threei} right

[15:53] {Threei} sell peanuts when there is a circus in the town

[15:53] {wulff} still hard to remember and not get greedy

[15:53] {Threei} because when cirus leaves who are you going to sell peanuts to

[15:54] {Threei} or "feed them when they are quacking"

[15:56] {BillyD} ARUN...everyday on scanner but due to chart can't bring myself to trade it

[15:58] {Threei} we traded it couple times

[15:58] {Threei} today is tough

[15:58] {wulff} RIMM loks to Breakout . too bad

[15:58] {Threei} will look at it tomorrow again

[15:59] {Threei} okay guys

[15:59] {Threei} thank you all

[15:59] {BillyD} AM strong as an ox

[15:59] {Threei} nice day eve though second half was blah

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {Alw} ty

[15:59] {BillyD} cya

[15:59] {dino} out jpm +.07

[15:59] {Threei} (US) Reportedly, California's bill to cut $11B in spending did not pass (related MUNIS )

[15:59] {Threei} IOU it is

[16:02] {dino} gotta hop, golf. gn all

Jun 23 2009

Activity is still low but we got couple very nice bounces on CAT and HIG. Looking at CAT entry in retrospect, $32.20 was as good as it gets.

Session Time: Tue Jun 23 00:00:00 2009

[08:03] {Threei} LVLT Selected by IUSACELL for High-Speed IP Services

[08:03] {Threei} - Under the terms of the three-year agreement, Level 3 will provide high-speed IP services for Iusacell to transport data services within the U.S. via the Level 3 network gateway in south Texas

[08:03] {Threei} - Financial terms not dislcosed

[08:03] {Threei} ASIA Wins Tender to Build New Billing System for Beijing Mobile (18.01, 0.00, 0.00%)

[08:04] {Threei} CLNE Awarded 10 yr contract to build and operate a compressed natural gas (CNG) fueling station by Choice Environmental Services (7.89, 0.00, 0.00%)

[08:05] {Threei} - Co will begin to deploy a new fleet of clean-burning CNG refuse trucks to serve the City of Fort Lauderdale.

[08:05] {Threei} - The companys Florida service area includes Palm Beach, Broward, Collier and Dade Counties.

[08:05] {Threei} - In addition to Fort Lauderdale, Choices customers include the Miami-Dade County School District, one of the nations largest. The new private Clean Energy time-fill CNG fuel station will be located on property owned by Choice in Pompano Beach. The waste and recycling firm is the first in South Florida to convert a portion of its operations to natural gas fuel use.

[08:06] {Threei} BLTXX Baltic Dry Bulk Index -3.8%, (third straight decline

[08:13] {Threei} (US) Former Fed Governor Mishkin: No need to balance the budget right now, but fiscal discipline is needed in the long term

[08:13] {nemo} define long term?

[08:13] {Threei} {Former Fed Governor Mishkin} somewhere beyind our lifetime

[08:14] {nemo} so 2012

[08:21] {level777} mtxx tank on sec inquiry

[08:22] {Threei} as if previous troubles were not enough eh

[08:32] {Threei} OPTV Powers Digital Cable Launch in China (1.25, 0.00, 0.00%)

[08:33] {Threei} Co has launched an end-to-end middleware solution for Southern Yinshi Network Media Ltd, a subsidiary of Southern Media Corporation, one of Chinas leading broadcasting groups. Southern Yinshi is responsible for the digital conversion of 18 municipal and city cable networks of Southern Media Corporation.

[08:33] {Threei} - The end-to-end solution, powered by OpenTV Core2 middleware, enables one of the most comprehensive digital cable offerings in China featuring a variety of enhanced services including: a user interface, an interactive mosaic, as well as weather and customer care applications.

[08:33] {Threei} - The solution has initially launched with Southern Yinshi in the Yangjiang municipality of the Guangdong province.

[08:36] {Threei} BSX

[08:36] {Threei} Boston Scientific Corp MADIT-CRT Trial Meets Primary Endpoint

[08:36] {Threei} - University of Rochester Medical Center today announced that the landmark MADIT-CRT trial has met its primary endpoint. Preliminary results show Boston Scientific cardiac resynchronization therapy defibrillators (CRT-Ds) to be associated with a significant 29% reduction (p=0.003) in death or heart failure interventions when compared to traditional implantable cardioverter defibrillators (ICDs). High risk(1), asymptomatic or mildly symptomatic, New York Heart Association (NYHA) Class I and II(2) patients were enrolled in MADIT-CRT.

[08:37] {fernp} good morning everybody

[08:37] {Threei} fern :)

[08:42] {Threei} quite questionable attempt by market to gap up

[08:42] {nemo} looks very weak

[08:45] {Threei} BAC Announces Common Stock Average Price for Exchange Offer (11.94, 0.00, 0.00%)

[08:45] {Threei} 12.7048

[08:46] {Threei} keeping an eye on BSX

[08:46] {Threei} 10-10.10 is significant resistance area to break

[08:46] {level777} lots of sellers 9.90+

[08:47] {Threei} yup

[08:47] {Threei} if capable of digesting it and breaking, could be a good one

[08:54] {Threei} ACUR Halted: Receives Prelim Review Letter from FDA Regarding Acurox; does believe will receive approval on PDUFA date

[08:57] {level777} bsx over 10

[08:58] {nemo} C&H

[09:00] {Threei} honestly trying

[09:00] {Threei} on daily 10.08 is high probed twice recently

[09:01] {Threei} initial spike earlier today took it to 10.20

[09:02] {Threei} BA *POSTPONES 787 FIRST FLIGHT (46.90, 0.00, 0.00%)

[09:04] {Threei} RU) Russian economy to shrink by 11% in May - IFX

[09:04] {vinod} GM

[09:05] {level777} bsx will need big vol to make a run today

[09:05] {Threei} awww

[09:05] {Threei} MGRM Halted; Being acquired by Labcorp (1.68, 0.00, 0.00%)

[09:06] {Threei} 4.55/share

[09:06] {Threei} someone managed to grab 2.40 before halt

[09:07] {ese} good morning

[09:09] {Threei} ese :)

[09:09] {Threei} vinod :)

[09:14] {Threei} with all the selling, BSX remains stubbornly close to 10

[09:15] {Threei} hard to tell wou outstubborns who

[09:16] {dino} gm all

[09:16] {nemo} dino:)

[09:16] {Threei} dino :)

[09:16] {nemo} how's you're holdover?

[09:17] {Threei} EU and US file joint complaint at WTO against China regarding raw materials (related IYM )

[09:17] {dptl} good morning all

[09:17] {Threei} ACUR open?

[09:17] {Threei} dp :)

[09:18] {Threei} still don't see final verdict by FDA on wires

[09:18] {Threei} trades like refusal

[09:18] {magoo} morning

[09:19] {Threei} magoo :)

[09:20] {Threei} strange ACUR

[09:20] {Threei} if there is news and it'f refusal, it should be a lot lower... if there is no news yet why it's unhalted

[09:21] {magoo} what we stalkin vad?

[09:21] {Threei} BSX

[09:21] {Threei} ACUR

[09:23] {Threei} available for short btw, ACUR

[09:24] {Threei} FITB Fitch cuts ratings to A- from A (one notch); Outlook negative

[09:27] {jfjf64} mornin

[09:27] {Threei} jf :)

[09:28] {Threei} don't see ALGN news

[09:30] {Threei} Long Setup: BSX .90 break if stays above .80

[09:32] {Threei} I don't understand ACUR at all

[09:34] {Threei} Short Setup: CAT .45 if stays below .60

[09:35] {nemo} stop bsx

[09:35] {Threei} did it ever trigger?

[09:35] {nemo} yes

[09:36] {nemo} 9:33

[09:37] {dino} v sm ueic l .02 wide thin

[09:38] {Threei} Short Setup: MTXX .75 breakdown

[09:38] {Threei} oops.. unavailable

[09:38] {Threei} used to be couple days ago

[09:40] {Threei} ACUR is dropping

[09:41] {magoo} mkts dropping

[09:42] {Threei} RIMM, watching for sharp drop into .50 where I get interested in bounce

[09:42] {magoo} quote server vad??

[09:43] {Threei} 20

[09:43] {magoo} ty

[09:47] {dino} watching cedc

[09:47] {Threei} Short Setup: RIMM .10 break

[09:47] {Threei} if stays under .20

[09:49] {Threei} no go

[09:49] {Threei} sheesh

[09:49] {Threei} lol

[09:49] {nemo} they got positive comments yesterday

[09:49] {Threei} FEED Hearing positive comments out of Stansberry (timing uncertain)

[09:49] {Threei} - Firm suggests buying shares of AgFeed Industries Inc. at or below $6.25. (5.78, 0.25, 4.52%)

[09:50] {fernp} FITB bounce?

[09:50] {Threei} most likely

[09:50] {Threei} no clear indication

[09:50] {Threei} hard to nail wntry

[09:50] {Threei} entry

[09:51] {fernp} you posted news, no?

[09:51] {Threei} on what?

[09:51] {Threei} FITB?

[09:51] {fernp} y

[09:51] {Threei} [09:24] {Alert} Threei FITB Fitch cuts ratings to A- from A (one notch); Outlook negative

[09:52] {fernp} thanks

[09:52] {nemo} quote and chart servers a bit squirrely today

[09:53] {Threei} IEA's Tanaka: US must increase spending on renewable energies (related USO FAN TAN )

[09:53] {Threei} no really?

[09:56] {Threei} US Treasury Sec Geithner planning to travel to the middle east and Europe in July

[09:56] {Threei} do we need to know about his vacations?

[09:56] {nemo} no, that's where he gets down on his knees and begs them to buy treasuries

[09:57] {dino} nop thats barney frank

[09:57] {Threei} lol

[09:57] {nemo} the janitor awake?

[09:59] {Threei} JUN RICHMOND FED MANUFACTURING INDEX: +6 V +5E

[10:00] {Threei} MAY EXISTING HOME SALES: 4.77M V 4.82ME

[10:00] {Threei} - Prior revised from 4.68M to 4.66M

[10:00] {Threei} APR HOUSE PRICE INDEX: -0.1% V -0.4%E

[10:03] {jfjf64} rmbs

[10:04] {dino} beat

[10:05] {nemo} rimm off to the races

[10:05] {nemo} fcx too

[10:05] {Threei} CAT

[10:05] {Threei} 33 break...

[10:05] {Threei} ideally, little pullback

[10:05] {Threei} hlding above .90 or .85

[10:05] {Threei} and break

[10:07] {Threei} watching market , if it jumps will grab CAT aggresively

[10:07] {Threei} thing seems to be following with little delay

[10:09] {dino} whippy

[10:09] {Threei} .82 long if stays above .75

[10:10] {nemo} had that one print @ .83

[10:10] {Threei} do you watch levekl 2?

[10:10] {Threei} that print was out of bounds

[10:10] {nemo} don't understand out of bounds, probably how I got nailed on bsx

[10:11] {Threei} offer was .77

[10:11] {Threei} nevcer upticked from there,

[10:11] {Threei} one print went at the price exceeding market

[10:11] {Threei} maybe late print, maybe someone is getting screwed up by his lousy broker

[10:12] {Threei} for our purposes it's not a valid trade

[10:12] {nemo} yeah, didn't hit it

[10:14] {Threei} ese, look dcc please

[10:18] {Threei} F Reportedly receiving $5.9B in new US loans (5.33, -0.05, -0.93%)

[10:19] {nemo} thought they didn't need Fed money

[10:19] {Threei} NSANY Reportedly granted $1.6B in US loans (11.99, -0.23, -1.88%)

[10:19] {Threei} what's going on

[10:19] {Threei} Nissan Motor Co., Ltd The company is expected to be one of the recipients of loans that will be provided by the US Energy Dept - Japanese Press

[10:19] {Threei} - The loans will be used for the production of fuel-efficient cars.

[10:19] {Threei} - Additionally, loans to Tesla and Ford are expected to be announced tomorrow.

[10:19] {Threei} - CEO: Awaiting US govt decision on loan application

[10:20] {Threei} yesterday's announcement

[10:21] {Threei} this market bounce looks like ready to reverse for another leg down

[10:22] {Threei} so far all of them did, in a hectic manner though

[10:22] {Threei} but morning news seems to be over

[10:22] {dino} sm l cedc .03

[10:23] {Threei} UBS US DOJ: Any suggestion that Govt will drop the lawsuit aginst the company is 'untrue'; there is no basis for the NYT report

[10:25] {Threei} trying to find short entries and not finding any structured setup

[10:27] {Threei} grrr.. both RIMM and CAT that I was watching got away, especially RIMM

[10:27] {Threei} RIMM is bounce candidate now

[10:31] {Threei} new breakdown seems to be forming

[10:32] {Threei} CAT nearest resistance is .70

[10:32] {Threei} let's see if we can find shirt entry

[10:32] {nemo} 16 neck

[10:35] {dino} pants

[10:35] {nemo} 30 30

[10:38] {dino} i just got that

[10:38] {nemo} thought I was talking the caliber

[10:39] {dino} y

[10:39] {level777} Ya think UBS popped today on the NYT article?

[10:39] {dino} wow we missed on beat badly, wanted 14

[10:39] {dino} bby sm l .99

[10:40] {Threei} and dropped on denial

[10:40] {dino} indeed l7

[10:41] {nemo} I'm actually an '06 .270 fan

[10:41] {dino} qcom after that gap

[10:41] {level777} clwr

[10:42] {Threei} ok... last bounce of this support, and let's finally nail some short

[10:42] {Threei} this is getting irritating... direction is clear, and no entry

[10:43] {ese} was looking for turnaround tuesday dino.........s

[10:43] {dino} filled qcom

[10:43] {ese} sol

[10:43] {dino} gap that is

[10:43] {ese} am stalking intc at .82

[10:43] {dino} still am es, $ down, we should go up

[10:44] {nemo} housing data was worse than expected

[10:44] {ese} hmmmmmm

[10:44] {dino} all forgotten in a couple hours anyway

[10:44] {dino} imo of copurse

[10:44] {dino} course

[10:45] {Threei} USGS discloses magnitue 7.0 earthquake strikes off Papua New Guinea

[10:45] {Threei} - follow up: Tsunami alert has been issued

[10:45] {level777} o my

[10:45] {vinod} back here again--any thing exciting?

[10:45] {dino} main thing, next downside gaps 8016, 1361, 855

[10:45] {Threei} (EU) EU Energy Commissioner: Oil around $70/bbl is a fair price (related USO )

[10:45] {Threei} lol

[10:45] {dino} i think oil at 20 is fair

[10:46] {nemo} me too

[10:46] {Threei} great... CAST doesn't even try to bounce with market anymore

[10:46] {Threei} CAT

[10:46] {dino} qcom sm l .50

[10:48] {Threei} FMCN Hearing Piper analyst defending FMCN, on belief that asset sale to SINA will go ahead as planned (timing uncertain

[10:49] {Threei} Long Setup: RIMM .90 break

[10:49] {Threei} invalidated

[10:50] {Threei} let's modify it to .80 break

[10:50] {Threei} with .70 support

[10:50] {Threei} invalidated

[10:50] {Threei} CAT, I can't believe it

[10:51] {Threei} clear short, and impossible to find entry

[10:51] {level777} fmcn have a play in it?

[10:51] {Threei} who knows... pure speculation

[10:52] {Threei} matter of questionable takeover

[10:52] {Threei} negotiated, stalled, now all kinds of rumors swirl around

[10:54] {Threei} wow

[10:54] {Threei} look at UAUA

[10:57] {vinod} can we get 10 cent from UAUA?

[10:57] {Threei} doesn't show any signs of firming up

[10:58] {level777} fmcn running

[10:59] {magoo} rimm valud

[10:59] {magoo} ?

[10:59] {Threei} IMO, short into bounce

[10:59] {vinod} in UAUA 3.08 stop at 3.00

[11:02] {wulff} who thinks relief rally?

[11:02] {vinod} 0ut 3.18 only 2k

[11:02] {nemo} qcom

[11:02] {nemo} sorry

[11:04] {Threei} starts feeling like that wulff

[11:04] {Threei} if materializes:

[11:04] {Threei} Long Setup: CAT .20 break

[11:08] {Threei} (CA) BoC's Carney: Recession in Canada is as deep as the US (related USD/CAD EWC )

[11:09] {nemo} 1:1 cat

[11:10] {vinod} offer cat at .30 no one took it

[11:10] {nemo} longs are probably scalps today

[11:11] {nemo} or, have been so far

[11:11] {vinod} stop on CAT?

[11:11] {Threei} .13

[11:11] {nemo} under lod

[11:11] {vinod} thanks

[11:14] {Threei} FMCN played nicely off news

[11:15] {dino} down rough;y 7% dji, ndx, s/p since the 11th(7 1/2 trade days)

[11:15] {vinod} out of CAT

[11:16] {nemo} 1:1 again

[11:16] {Threei} I am holding half

[11:16] {Threei} want to explore wulff's idea

[11:16] {Threei} stop to under .20

[11:16] {vinod} meno S&P broke 889 is bad news for market?

[11:17] {wulff} no more selling at this point, which should mean...

[11:17] {jfjf64} me too partner

[11:17] {Threei} vinod... with this volume, it's all can change on a dime

[11:17] {Threei} I see these days as day by day decision-making

[11:18] {Threei} no firm trend for any exteneded period of time

[11:18] {wulff} herds can be hard to contain

[11:18] {Threei} especially bisons

[11:19] {Threei} 1:2, 1/4 more out

[11:19] {vinod} shit I got out early in CAT

[11:19] {Threei} USGS reports magnitude 4.3 quake in Nevada (related TAYD )

[11:20] {Threei} 2 earthquakes in one day? it's not 2012 yet

[11:21] {wulff} all that and my TV broke!

[11:21] {dino} big one yesterday too alaska

[11:23] {Threei} nemo... you sure they haven't moved it to 2009?

[11:23] {nemo} gotta' start somewhere...I'm growing my hair long...with the beard I'm getting that Moses look...can't walk like Charlton Heston

[11:24] {Threei} CAT last portion stop to under .30

[11:24] {nemo} 1st crisis 2007, 2nd crisis 2010, Cous de gras 2012

[11:24] {Threei} maybe a bit dtingy trailing but I want to preserve every little bit of profits

[11:24] {Threei} they are precious these days

[11:25] {jfjf64} i agree

[11:25] {Threei} usually I prefer new high before trailing,

[11:26] {Threei} but it bounced nicely off .30 so trailing is justified

[11:26] {Threei} Long Setup: HIG .76

[11:27] {Threei} stop under .70 for scalpers

[11:27] {Threei} under .65 for day traders

[11:27] {Threei} ok CAT.. double top or new high?

[11:28] {magoo} in higmoint

[11:29] {Threei} good boy CAT

[11:29] {Threei} break .50 and spike please

[11:29] {Threei} HIG 1:1 for pesky scalpers

[11:29] {Threei} CAT 1:3 here

[11:30] {Threei} make your choice between exit and trailing to under .40

[11:30] {Threei} UAW Official notes talks with Ford are continuing, unclear if current discussions will lead to new contract (related F F.IT GMGMQ )

[11:30] {Threei} lol

[11:31] {Threei} last automaker standing... UAW just can't let it survive, can it

[11:31] {magoo} is there news aapl vad?

[11:31] {Threei} nothing fresh

[11:31] {nemo} gov't will step in and give them the company

[11:31] {magoo} if IF mkts go green it should be bouncer

[11:32] {wulff} Jobs liver something...

[11:33] {magoo} frwsh news?

[11:33] {Threei} 20 Jun 2009 08:32 AAPL WSJ: CEO Steve Jobs had liver transplant

[11:33] {Threei} - Steve Jobs has received a liver transplant in Tennessee and he is on track to return to work

[11:33] {Threei} look at the date

[11:33] {magoo} u think he bought that liver?

[11:34] {Threei} I would if I were him

[11:34] {Threei} if there are livers for sale, someone needs that money...

[11:34] {Threei} HIG 1:1 for day traders

[11:34] {Threei} CAT 1:4 is coming

[11:34] {magoo} hex..id hire the assassin to shoot me up a fresh donar

[11:35] {Threei} out CAT in full

[11:35] {Threei} +.37

[11:35] {Threei} out half HIG

[11:35] {Threei} +.12

[11:35] {Threei} stop to under b/e

[11:35] {Threei} whew... life becomes brighter

[11:35] {dino} gj

[11:35] {Threei} ty

[11:36] {Threei} wulff had right idea

[11:36] {wulff} my new liver feels better and better

[11:37] {nemo} out hig ty

[11:37] {Threei} sure thing

[11:37] {Threei} out HIG in full

[11:38] {Threei} don't like this time for longer hold

[11:38] {Threei} we got a piece of nice recovery

[11:38] {nemo} no plus it's really a financial stock

[11:38] {magoo} out hig full .95 TY

[11:38] {Threei} welcome mags

Session Close: Tue Jun 23 11:38:41 2009

Session Start: Tue Jun 23 11:38:41 2009

Session Ident: #discussions

02[11:38] * Disconnected

02[11:44] * Attempting to rejoin channel #discussions

03[11:44] * Rejoined channel #discussions

[11:45] {Threei} wow

[11:45] {Threei} lost connection

[11:45] {nemo} what? with reality?

[11:45] {dino} ufpi

[11:45] {magoo} withh common courtesy he he

[11:46] {Threei} never had any connection with that one

[11:46] {nemo} oh, I find zoloft and lithium help

[11:46] {Threei} with or without vodka?

[11:46] {ese} L intc .81

[11:47] {nemo} you really did lose connection

06[11:47] * nemo slaps Threei around a bit with a large bottle of Kettle 1

[11:47] {dptl} did i hear vodka?

[11:48] {nemo} No...you read it...

[11:48] {nemo} question of the moment: jbe or dbi on cat?

[11:49] {Threei} dp... yes - grab a bottle and jump on the next ferry

[11:50] {dino} gut says up to +50 dji

[11:50] {magoo} rimm trying next leg

[11:50] {Threei} it can't be DBI, nemo

[11:50] {Threei} no D

[11:50] {nemo} sorry, true

[11:51] {nemo} break of .65 then?

[11:53] {Threei} hmmm

[11:53] {Threei} toughie

[11:58] {magoo} out rimm .67..+ .35

[11:59] {dino} gj

[12:03] {magoo} RIMM on a mission

[12:03] {magoo} from god

[12:06] {wulff} this range bound stuff is annoying

[12:08] {wulff} I said relief RALLY.

[12:08] {nemo} cat vad

[12:10] {Threei} does exactly nothing

[12:10] {dino} lol wulff

[12:10] {Threei} so should we

[12:10] {vinod} in FAZ 5.24 stop at 5.16 for 10 cent

[12:10] {nemo} yeah, dancing in that range, I was thinking if drops below .58 short

[12:11] {Threei} wulff... by these days standards, we already had one, lol

[12:11] {Threei} and I would say, we exploited it to its fullest extent

[12:11] {nemo} frickin' capitalists...always exploiting

[12:13] {Threei} yeah... exploitation of one human being by another... that's capitalism

[12:13] {Threei} of course under socialism it's just the opposite

[12:13] {nemo} oh...back to that

[12:29] {Threei} GMGMQ US Trustee says GM advisors are charging unreasonably rich fees of as much as $1,000/hour

[12:30] {Threei} huh?

[12:31] {Threei} Prez on TV

[12:32] {Threei} appaled and outraged

[12:32] {dino} isn't he always

[12:34] {dino} cedc stop to .41

[12:36] {magoo} talking about energy bill

[12:36] {magoo} clean energy

[12:36] {magoo} fslr bounced on it

[12:37] {magoo} l aapl .75

[12:37] {magoo} sorry fast

[12:38] {magoo} thinking .20-.40 area

[12:38] {Threei} (US) President Obama: Strongly condemn 'unjust' actions in Iran, US is not interfering in its affairs

[12:41] {dino} out cedc .50, +.47

[12:41] {magoo} stop flat now

[12:42] {magoo} waiting .43

[12:42] {magoo} gobnna tregrett the exit too i feel

[12:44] {magoo} [12:42] {magoo} gobnna

[12:44] {Threei} mags... we are still trying to underatand what it meant first time

[12:45] {Threei} Obama: Bernnake has done a fine job under circumstances

[12:45] {Threei} "good job Bernie"

[12:45] {magoo} i know..lol..i rtried too read it...didnt remember what i said

[12:52] {magoo} out aapl 134..+.25

[12:52] {magoo} ty vad

[12:53] {Threei} hmm?

[12:53] {Threei} you are welcome of course

[13:02] {Threei} *TREASURY'S $40B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 3.19 V 2.94 PRIOR AND 2.48 AVE OVER LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 68.7% of competitive bids

[13:02] {Threei} EMKR Signs solar power agreement (1.27, 0.01, 0.79%)

[13:03] {Threei} This 20-year agreement with EMCORE consists of 114 kilowatts of solar power produced onsite at EMC

[13:04] {nemo} the auction seems to be jacking everything

[13:11] {magoo} i reloaded aapl .75 on that pullbk

[13:11] {magoo} sotrry about posdst

[13:11] {magoo} same range

[13:14] {dino} it's like magoo isn't typing english

[13:15] {magoo} ouyt here .99

[13:15] {magoo} + .24

[13:17] {Threei} US President Obama: There is no current need for a second stimulus package (related TLT SHY EUR/USD USD/JPY )

[13:17] {Threei} strange

[13:17] {Threei} I thoufght these guys never met stimulus of bailout they didn't like

[13:18] {nemo} maybe they figured they need it but won't be able to get anyone to lend them the money

[13:19] {magoo} i need some stimulus :)

[13:21] {ese} gotta hit the trail....still nursing my intc position.....just my speed at this time of year.....too much going on at school..cya tomorow

[13:21] {Threei} take care ese

[13:21] {ese} see ya vad

[13:22] {dino} qcom stop to .89

[13:25] {dino} out qcom +.40

[13:26] {jfjf64} hun .86 break here

[13:27] {level777} hig sure had a nice bounce there 3i

[13:27] {level777} great call

[13:27] {Threei} ty

[13:27] {Threei} we exited a little early but no regrets here

[13:28] {level777} my kids home from school 6, 10 & 14 called a scalp for .10 ion it for me lol

[13:28] {level777} now i cant get them away from my screen

[13:32] {dino} what commission they charging

[13:41] {level777} keep asking me "how much did we make, how much did we make"

[13:42] {Threei} suggest them to calculate an otcome in tablespoons aof icecream... that'll keep them busy

[13:43] {dino} lol

[13:58] {magoo} vad, what u stalin?

[13:58] {magoo} stalkin he hew

[13:58] {Threei} there is this piece of ham...

[13:58] {Threei} looks darn stalkable

[14:02] {wulff} crazy moves in aAPL

[14:08] {Threei} ever since those bounces that we played were done, market lost feel of direction

[14:13] {dino} dltr sm l .50

[14:16] {nemo} cat hanging around highs for 3r time

[14:16] {nemo} 3rd

[14:20] {Threei} if market spikes again, let's try this one for a scalp:

[14:20] {Threei} Long Setup: PALM .75 break

[14:21] {Threei} if retreats under .65, rather becomes a bounce candidate

[14:21] {Threei} .55 - .60 nearest support

[14:21] {level777} h

[14:23] {wulff} i

[14:30] {jfjf64} plan b

[14:35] {level777} g

[14:37] {dino} out ueic ave. .68, +.66

[14:41] {Threei} OK, no breaks

[14:41] {Threei} let's see if bounces shape up

[14:41] {Threei} I don't want to try shorting

[14:41] {Threei} doesn't feel like it's in cards

[14:41] {jfjf64} waitin on ya boss

[14:42] {Threei} don't... I am afraid I'm going to get stuck here, dp has this strangely attractive bottle in his pocket...

06[14:45] * Threei slaps dptl around a bit with a large appeal to stop tempting sober people with vodka

[14:45] {BillyD} Hi vad

[14:45] {Threei} Bily!

[14:45] {BillyD} How are you

[14:45] {Threei} welcome back'

[14:45] {BillyD} ty

[14:45] {Threei} long time no see

06[14:45] * magoo slaps BillyD around a bit with a large trout

[14:45] {magoo} hey bro

[14:45] {BillyD} I feel at home now magoo :)

[14:45] {Threei} ahha... welcoming commettee is right here

[14:45] {Threei} lol

[14:45] {BillyD} consistent

[14:45] {BillyD} lol

[14:46] {Threei} yeah, you can rely on us

[14:48] {Threei} I don't dfeel striongly about this bounce but risk is very small

[14:48] {Threei} PALM, right here

[14:48] {Threei} with .54 - .55 stop

[14:49] {Threei} if you feel like 50/50 trade with small stop

[14:56] {magoo} vad..r or r?

[14:57] {Threei} can't tell

[14:58] {dptl} have a good evening all

[14:58] {Threei} take care dp

[14:58] {magoo} why wont u tell?

[14:58] {Threei} leave the bottle here

[14:58] {Threei} I would... I can't

[14:58] {Threei} I promised dp

[14:58] {Threei} not to tell anyone

[14:59] {dptl} :)

[15:04] {vinod} last hour going to be a happy hour

[15:05] {BillyD} Vad, many trades today

[15:05] {Threei} certainly - the question is for whom

[15:05] {BillyD} lol

[15:05] {Threei} not many... but couple fairly good ones

[15:07] {BillyD} selectivity the key last few days it seems

[15:07] {BillyD} more so than others

[15:07] {Threei} true

[15:08] {dino} sm pru l .50

[15:10] {Threei} The Nasdaq Stock Market, Inc Reportedly planning increased rebates to certain US order customers in efforts to increase market share

[15:10] {Threei} - Note on 6/16 CME modified their e-mini fee schedule with a volume based incentive program, effective Sept 1

[15:12] {jfjf64} rimm bounce??

[15:13] {Threei} from under .50, I'd feel much safer

[15:13] {Threei} here it's a toss-up

[15:13] {jfjf64} ty

[15:15] {wulff} wacky day...what else is new

[15:19] {Threei} RIMM is getting there

[15:19] {Threei} let it drop sharply

[15:21] {jfjf64} waitin on ya boss

[15:21] {Threei} does it mean I'll have to wake up? :(

[15:23] {Threei} see how it can't raise its head?

[15:24] {Threei} it needs a good flush

[15:24] {jfjf64} this might be level?

[15:24] {Threei} otherwise even if it bounces, it's going to be labored one not worth the risk

[15:24] {Threei} no

[15:24] {Threei} I am not touching it here

[15:25] {Threei} shrap flush is one version of what I want to see,

[15:25] {Threei} another is, stalling here, forminbg range, then breaking it wqith matkert jump

[15:25] {Threei} If it just reverses here, I prefer to let it go

[15:26] {Threei} gosh... mags, that typing teacher yopu recomended really does miracles

[15:26] {magoo} :)

[15:26] {Threei} lol, it's as if I type with my knees

[15:30] {Threei} RJET to Acquire Midwest Airlines

[15:30] {Threei} interesting... consolidation starts in beaten down industry

[15:38] {Threei} now having the benfit of insight,

[15:38] {Threei} have a look at CAT 1 min

[15:38] {Threei} and notice where we got it long

[15:39] {Threei} if that is not a prefect entry

[15:40] {dino} 3:40

[15:43] {dino} they've been killing them into the close lately

[15:44] {BillyD} what was your CAT entry

[15:44] {nemo} .20

[15:44] {Threei} 23.20 second recross

[15:44] {Threei} on the way back up

[15:44] {Threei} 32.20 of course

[15:44] {BillyD} 32.30....

[15:44] {BillyD} lol

[15:45] {Threei} seriously, how much better does it get

[15:45] {BillyD} that was area I thought

[15:45] {BillyD} now...did you hold til 33

[15:45] {Threei} as in "I wouldn't expect any less from you"? :)

[15:46] {Threei} no, for over .50

[15:46] {BillyD} lol

[15:46] {Threei} sold .58

[15:46] {BillyD} into resistance

[15:50] {Threei} whoa RJET

[15:51] {BillyD} hard spike

[15:52] {Threei} will be interesting one to watch tomorrow

[15:53] {BillyD} reminds me on ONTY & CLWR yesterday eod

[15:55] {dino} out pru .80, +.30

[15:55] {dino} out bby .00, +.01

[15:57] {dino} out met .41, -.09

[15:57] {Threei} okay guys, thank you all

[15:57] {Threei} I suspect tomorrow will be a bit more active

[15:57] {Threei} just feeling in the air

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {BillyD} cya

[15:57] {Alw} ty

[15:58] {Threei} hi Alw, welcome to the room

[15:58] {Alw} ty

[16:02] {fernp} good nite all