Feb 18 2009

The day started rather slow with flat trade and a small stop, then picked up with 40 cents profit on CAT short, RIMM, HIG and STT longs, and some other scalps scattered here and there. Still staying picky and careful.

Session Time: Wed Feb 18 00:00:00 2009

[07:57] {Threei}  Good morning

[07:57] {Threei}  GM

[07:57] {Threei}  CEO WAGNER: THE $30B REQUEST IS FOR WORST-CASE SCENARIO, TOOK CONSERVATIVE VIEW TO VIABILITY PLAN - CNBC

[07:57] {Threei}  - Current funding request is "pretty much in line with prior request."

[07:57] {Threei}  - New UAW deal makes labor costs more competitive with foreign automakers.{F}

[07:57] {nemo} Top o' the mornin' to ya"!

[07:57] {Threei}  Russian exchange halted again?

[07:58] {nemo} mafia

[08:08] {magoo} morning

[08:09] {nemo} mornin' mags

[08:09] {Threei}  magoo :)

[08:10] {magoo} can someone walk me thru downkload of new room mirc now while we are not busy?

[08:11] {Threei}  KS?

[08:11] {magoo} the caddress is no longer on real money i believe also

[08:11] {Threei}  who?

[08:11] {magoo} the mirc download address

[08:12] {Threei}  what does realmoney have to do with it?

[08:12] {magoo} thats where u had the ling to mirc

[08:13] {Threei}  mags... are you drinking that early?

[08:13] {Threei}  what do I have to do with realmoney, or ever did?

[08:13] {magoo} OH SHIT LOL

[08:14] {magoo} ROFLOL

[08:14] {Threei}  http://www.realitytrader.com/tradingroom/

[08:14] {Threei}  scroll down

[08:14] {Threei}  all instructions are in place

[08:14] {Threei}  but dcc KS first

[08:15] {Threei}  my assumption is, before installing new mirc you need to eliminate old one

[08:15] {Threei}  otherwise settings are getting copied

[08:16] {magoo} how i dcc in this room again?

[08:16] {Threei}  ummm... doubleclick on the nick?

[08:16] {Threei}  BALTIC DRY BULK INDEX RISES 4.8%; SECOND STRAIGHT RISE

[08:20] {Threei}  QCOM CEO: SEEING OPPORTUNITIES FOR ACQUISITIONS AND INVESTMENTS

[08:30] {Threei}  JAN IMPORT PRICE INDEX M/M: -1.1% V -1.2%E

[08:30] {Threei}  Y/Y: -12.5% V -11.2%E

[08:30] {cujo} good morning

[08:30] {Threei}  JAN HOUSING STARTS:466K V 529KE; BUILDING PERMITS: 521K V 525KE

[08:30] {Threei}  cujo :)

[08:32] {Threei}  Import prices - Prior MoM revised from -1.2% to -5.0%

[08:32] {Threei}  - Prior YoY revised from -9.3% to -10.3%

[08:35] {larisa} good morning

[08:35] {Threei}  larisa :)

[08:35] {larisa} threei :)

[08:37] {elepet} good morning from sunny mexico

[08:37] {Threei}  elepet :)

[08:41] {nemo} bad news:  http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.1068.IH:

[08:45] {Onix} gm all

[08:45] {Threei}  onix :)

[08:49] {hawkfan4} good morning

[08:50] {Threei}  hawk :)

[08:55] {dino} gm all

[08:55] {Threei}  dino :)

[08:56] {Threei}  sigh

[08:56] {Threei}  FED'S PINALTO: CURRENT ECONOMIC SITUATION IS 'HISTORIC AND UNPRECEDENTED'

[08:56] {Threei}  TURMOIL NOT LIMITED TO US

[08:56] {Threei}  double sigh

[08:57] {hawkfan4} im learning so much so early in the day...

[08:57] {Threei}  yes

[08:57] {Threei}  good thing they share all this highly classified information with us

[08:58] {dino} it's shocking (like they haven't said it every day since september), 

[08:58] {Threei}  hell is repetition

[08:59] {Threei}  also, I appreciate them being considerate enough to repeat it 183 times just for me - I usually start remembering things after 180th time

[09:00] {dino} give me what i want and i'll go away

[09:01] {Threei}  TREASURY SEC GEITHNER: TREASURY WILL INCREASES GSE LOAN REFINANCING BY UP TO $400B

[09:02] {Threei}  FED'S PIANALTO: WORRIED ABOUT 'UNWELCOMED DISINFLATION'

[09:02] {Threei}  - Economy was substantially worsened, turmoil not limited to US

[09:02] {Threei}  - Not expecting economy to improve until housing, financial markets stabilize

[09:02] {Threei}  - Sees dramatic decline in GDP during H1 2009; expects a modest upturn in US growth during H2 2009.

[09:02] {Threei}  - Unemployment will probably rise throughout this year.

[09:04] {nemo} look at FAS

[09:05] {dino} "no aid for speculators" obama plan

[09:06] {dino} when did capitalism become the enemy

[09:09] {Threei}  be back in 5

[09:10] {fernp} Hello everybody

[09:11] {dptl} good morning all

[09:11] {fernp} hi dp

[09:11] {hawkfan4} morning

[09:15] {Threei}  fern, dp :)

[09:16] {Threei}  today is promising to be considerably tougher read, with expectations for financial plan announced

[09:17] {Threei}  AN INDUSTRIAL PRODUCTION: -1.8% V -1.5%E; CAPACITY UTILIZATION: 72% V 72.4%E

[09:17] {Threei}  - prior Industrial Production revised from -2.0% to -2.4%

[09:17] {Threei}  going to stay picky

[09:17] {ese} morning

[09:17] {Threei}  ese :)

[09:19] {Threei}  first course of action looks to be looking to buy pullback to scalp the bounce

[09:19] {Threei}  then we will see what transpires

[09:19] {ese} don't know which way is "up" or  "down" these days....mostly watching you all...not doing much trading 

[09:20] {Threei}  TREASURY SEC GEITHNER: TREASURY WILL INCREASE GSE LOAN REFINANCING BY UP TO $400B, BELIEVES STRENGTHENING GSES WILL MAKE MORTGAGES MORE AFFORDABLE

[09:20] {Threei}  - GSE mortgage portfolios will be boosted by $50B each to a total of $900B

[09:20] {Threei}  - Purchase agreements amended to $200B from $100B

[09:20] {Threei}  - Launches $75B stability initiative, for owner-occupied homes

[09:20] {Threei}  - Plan seeks to help 7M-9M homeowners avoid foreclosure

[09:20] {Threei}  - Allows for 4M-5M home refis and targets another 3M-4M "at risk" homeowners

[09:20] {ese} smokin busy doing shows with my high school R&B band....got one tonight for the education facultyies of all the universities across canada

[09:21] {Threei}  cool ese :)

[09:21] {Threei}  let's teach them to rade also

[09:21] {Threei}  trade

[09:21] {ese} thats a good idea

[09:22] {cosmo} i'll trade an old trombone mouthpeice for some drum sticks...

[09:22] {ese} lots of cut backs in fine arts even at the post secondary level....

[09:24] {ese} my group is very high performance in what it does and so the unive of Victoria wanted to show them off as a " what you stand to loose if these cutbacks continues"

[09:27] {ese} anyway....hard to concentrate on trading

[09:28] {ese} hows everbody else doin though......

[09:28] {dino} have fun w/it es

[09:30] {Threei}  FAS, will be interested in pullback to about 6.15

[09:31] {ese} tks dino

[09:32] {Threei}  stop would be under 6, so let's try to cach it if it dives under 6.20 quickly

[09:34] {hawkfan4} watching SQNM pullback

[09:35] {Threei}  in

[09:35] {Threei}  .16

[09:35] {Threei}  for scalpers stop under 6.10

[09:36] {Threei}  half out .25

[09:37] {dino} markets not liking interference in contract law/mortgages

[09:37] {KSystems} there you go mags

[09:37] {KSystems} Congrats :-)

[09:37] {KSystems} poh no

[09:37] {KSystems} your back with mibbit?

[09:38] {Threei}  out balance

[09:38] {Onix} stopped

[09:39] {Threei}  wash... +.09, -.07

[09:39] {KSystems} better?

[09:39] {magoo} AM I HERE?

[09:39] {KSystems} yep

[09:40] {Threei} Short Setup: HIG  .25 break

[09:40] {Threei}  stop above .40

[09:40] {nemo} too fast

[09:40] {Threei}  bouncing into trigger

[09:42] {Onix} stopped hig

[09:43] {fernp} stopped

[09:44] {dino} itri sm l .90

[09:44] {dino} whippy one

[09:49] {dino} stopped itri -.35

[09:49] {Threei}  FAS dive under 6.10 worth a try for double bottom

[09:51] {Threei}  stop under 6

[09:54] {dino} vz sm l .20

[09:55] {Threei}  GERN

[09:55] {Threei}  STEM CELL RELATED STOCKS LOWER TODAY AFTER REPORT OF SEVERE SIDE EFFECT FROM ONE STEM CELL TREATMENT CASE

[09:55] {Threei}  - according to today's report, a patient in Israel being treated for a genetic disorder was being injected with fetal stem cells and developed tumors in his brain directly related to the treatment.

[09:58] {dptl} hey Hawkfan....are you using esignal with laser?

[09:58] {hawkfan4} yes

[09:59] {dptl} are they working fine together last couple of days?

[10:00] {hawkfan4} yeah, no problems with it here

[10:01] {Threei}  CAT yesterday's low is 28.52

[10:01] {Threei}  watching bounce

[10:01] {Threei}  if forms the high close enough for a tight stop, .50 will be a short trigger

[10:01] {dptl} ok ty hawk....mine are start shuting down the system if they are open together... wierd

[10:02] {Threei}  what do you use esignal for?

[10:02] {hawkfan4} hmm, that is wierd. charts

[10:02] {Threei}  duh

[10:02] {Threei}  lol

[10:03] {hawkfan4} :) 

[10:03] {Threei}  didn't think you fried eggs on it

[10:03] {dino} rimm gap filled

[10:03] {Threei}  .65 holding so far as CAT's resistance

[10:04] {Threei}  lert's make it invalidating level

[10:07] {fernp} out ACAS +.10 CIT +.20 and AA +.20 (all shorts)

[10:08] {Threei}  HIG, couldn't you do that when we shorted you?

[10:08] {Threei}  CAT 1:1, cover half or scalp, at your discretion

[10:08] {Threei}  nice scalping footwork, fern

[10:08] {fernp} ty

[10:09] {Threei}  stop to just above breakeven for other half

[10:09] {dino} cramer pushing and buying gold on his site; possible top in the making

[10:09] {Onix} ty Vad, got some in CAT

[10:09] {Threei}  1:2, 1/4 more out

[10:10] {Threei}  stop is still above .50 for the last portion

[10:11] {hawkfan4} SQNM .51 break, under .40, whippy

[10:11] {Threei}  out CAT in full

[10:11] {Threei}  1:3

[10:11] {hawkfan4} stop under .40 if it triggers

[10:11] {Threei}  direct hit

[10:11] {Threei}  +.45

[10:12] {hawkfan4} nice one

[10:12] {Onix} beautiful

[10:12] {dino} 7449, 1018, 741

[10:12] {Threei}  HIG was so supposed to do the same

[10:12] {Threei}  getting a bit overstrethced

[10:14] {Threei}  sheesh... covered CAT too soon again

[10:15] {Threei}  HIG .50 break long half lot

06[10:15] * magoo slaps Threei around a bit with a large trout

[10:15] {Threei}  if stays above .40

[10:16] {Threei}  what was that for?

[10:17] {magoo} just seeing if had the good slap program

[10:17] {magoo} do not  now

[10:21] {Threei}  let's trail HIG to .45

[10:21] {Threei}  it touched 1:1 earlier but way too ffast

[10:22] {Threei}  unless you had sell order in, no way you'd catch that

[10:22] {magoo} waiting .87 here 

[10:22] {Threei}  greedy aren't we

[10:22] {magoo} as always..whats changed lol

[10:23] {hawkfan4} .869 here

[10:23] {Threei}  nothing, excpet you don't have those creative slaps anymore {G}

[10:23] {Threei}  over 1:1, half out or scalp

06[10:24] * nemo slaps Magoo with a hahahahah turnabout is fair play

[10:25] {magoo} i knew some paybk was coming he he

[10:29] {Threei}  elepet, you liquidated your PALM on that march into 9 and above, right?

[10:29] {fernp} where's the stop .45?

[10:30] {Threei}  for HIG?

[10:30] {Threei}  yeah

[10:31] {fernp} ty

[10:31] {Threei}  with next break of .60, trail to just under .50

[10:32] {Threei}  let it spike into magoo.hawk sell zone and make sure you undercut them by .00001

[10:32] {hawkfan4} you know it :)

[10:32] {Threei}  hehe

[10:33] {Threei}  gotta use this favorable moment while magoo is unarmed

06[10:33] * Threei slaps magoo around a bit with a large sell order undercutting magoo's one by 1/zillionth of a cent

06[10:33] * nemo pulls magoo's network cable

[10:34] {Threei}  1:2 HIG

[10:34] {nemo} I think we're ganging up on him

[10:34] {Threei}  and it's bad why?

[10:35] {Threei}  when he has those fancy slaps, he gangs up on the whole room - don't know how he manages to do that alone but he does

[10:35] {nemo} I stated a fact, not a judgement.  I fully believe in kicking a man when he's down.  Because, if he gets up, he might start kicking you!

[10:35] {magoo} u guys :)

[10:36] {Threei}  OK, HIG and FAS scalps compensated initial HIG stop, and CAT profit keeps the day in black

[10:36] {Threei}  nothing outstanding

[10:37] {Threei}  but better than poke in the eye

[10:37] {nemo} Well, at least I have a nice view of the ocean this week

[10:37] {nemo} Snow storm coming in tonight though

[10:37] {Threei}  yikes

[10:38] {larisa} make sure horses are warm :)

[10:38] {nemo} They're in the barn...supposed to get a foot...if it changes over to freezing rain...I probably won't be here tomorrow

[10:40] {larisa} rain here and expect 4" of snow. February :)

[10:40] {magoo} where u at nemo?

[10:41] {Threei}  in a fedw months after I moved to Victoria I heard a phrase here that sounded like total oxymoron to me:

[10:41] {Threei}  "on a hot February day"...

[10:41] {nemo} Harpswell, Maine

[10:41] {Threei}  sounds normal to me now

[10:41] {nemo} Now there's an oxymoron   Vad and "normal"

[10:41] {magoo} oh..main

[10:41] {Threei}  lol

[10:42] {nemo} stuck your chin out,dude.  Had to whack it.

[10:42] {Threei}  my first impulse was to take severe umbrage... then I decided why pretend

[10:42] {nemo} dilligaf

[10:43] {Threei}  there is not much normal about a guy for whom bacon is weight loss diet

[10:43] {magoo} u had to mention bacon? now i gotta have it

[10:43] {nemo} Yeah, makes me hungry too

[10:44] {nemo} Got home slaughtered pork and bacon in the freezer

[10:45] {Threei}  what's with TSYS

[10:45] {Threei}  what is normal about a stock that makes 52 week highs in this market

[10:49] {hawkfan4} 05-Feb-09 16:11 ET In Play TeleComm Sys beats by $0.04, beats on revs (7.25 ) : Reports Q4 (Dec) EBITDA per share of $0.15 per share, $0.04 better than the First Call consensus of $0.11; revenues rose 113.7% year/year to $79.3 mln vs the $61.9 mln consensus. 

[10:55] {magoo} chanserv is one tough cookike

[10:56] {Threei}  it's trained to be tough

[11:00] {Threei}  any indications when the speech is expected on foreclosures?

[11:01] {nemo} watching FAS and HIG for another short?

[11:01] {larisa} set to unveil his housing plan formally at 12:15 p.m. EST

[11:02] {Threei}  ty larisa

[11:02] {Threei}  I am bit torn on that nemo

[11:02] {Threei}  here is my train of what goes for thoughts with me

[11:03] {nemo} just on the stocks, right?

[11:03] {Threei}  any hint at nationalisation of some banks should send FAS down screaming

[11:03] {dino} greenspoan favors it, cnbc right now

[11:04] {Threei}  firm statement against it plus some variation of a bad bank idea should send it up

[11:04] {Threei}  while they debate and jawbone, I don't want to get caught into sharp moves

[11:04] {Threei}  caused by hints and interpretations

[11:05] {Threei}  so, I am kind of in the limbo on the sector

[11:06] {Threei}  look at WFC

[11:10] {Threei} Long Setup:  RIMM  .65 if stays above .50

[11:11] {nemo} too fast

[11:11] {magoo} in

[11:11] {fernp} missed

[11:12] {Threei}  WFC looks like flush is coming

[11:13] {Threei}  no defined trigger

[11:13] {Threei}  low is a bit too far from here

[11:13] {Threei}  so is resistance

[11:15] {Threei}  RIMM 1:1, half ot scalp

[11:16] {magoo} wait .93

[11:16] {Threei}  if taking half, stop to under .60

[11:16] {Threei}  and don't forget to offer at .9299

[11:16] {magoo} :)

[11:19] {cujo} great call Vad

[11:19] {buyemsellem} yes, nice call

[11:20] {Threei}  as larisa indicated yesterday, I show nice leadership when I wake up

[11:20] {Threei}  which seldom happens

[11:20] {Threei}  FHFA BELIEVES OBAMA HOUSING PLAN WILL HELP KEEP INTEREST RATES ON MORTGAGES LOW

[11:21] {magoo} ty rimm boss 

[11:21] {Threei}  wecome sir

[11:29] {magoo} HIG escaped me

[11:29] {cujo} i got in hig .66

[11:29] {cujo} but got out .76

[11:29] {cujo} ugh

[11:30] {Threei}  FDIC'S BAIR: HOUSING PLAN ANNOUNCED TODAY IS 'MISSING LINK' IN RESCUE EFFORT

[11:30] {Threei}  why am I not convinced

[11:30] {cosmo} its a tradition

[11:31] {hawkfan4} trailing SQNM stop to .90

[11:32] {magoo} they used to say patric ewing was the missding link lol

[11:33] {Threei}  I even applied for that position once but they said my IQ was below the lower link, so I wouldn't fit as a middle one

[11:34] {magoo} but yours looks qualified correct {as magoo runs for cover from imp[ending slap fest}

[11:34] {nemo} I remember when Ewing's Georgetown coach wouldn't let the team come out because of a rather derogatory sign about him in the stands

[11:36] {Threei}  at least one good thing came out of automakers debacle

[11:36] {Threei}  PT Cruiser is no more

[11:37] {hawkfan4} lol

[11:38] {Threei}  one of the most meaningless cars I've ever seen, lol

[11:40] {Threei} Short Setup: HIG  with stop above .10

[11:41] {cujo} 10.00 break?

[11:41] {Threei}  either 10 break or aggressively on market weakness

[11:41] {Threei}  matter of taste really

[11:42] {Threei}  invalidated anyway

[11:47] {dino}   sm l fdo .40

[11:50] {hawkfan4} out SQNM +.44

[11:50] {Threei}  beautiful trade

06[11:50] * magoo slaps hawkfan4 around a bit with a large trout

[11:50] {hawkfan4} thx vad :)

[11:51] {cujo} nice Hawk.

[11:51] {Threei}  magoo... just find that e-mail with slaps and install them again

[11:51] {Threei}  I just can't watch how you torture yourself

[11:51] {hawkfan4} thx cujo

[11:52] {magoo} could u send it again..its long gone

[11:52] {Threei}  you mean you delete e-mails with vital information?

[11:53] {magoo} yeah..not having any fun w/ole trouaroop

[11:53] {hawkfan4} i could use it too

[11:53] {magoo} everything must go vad

[11:53] {magoo} provides clarety

[11:53] {magoo} even ditched spell check..no need for it he he

[11:54] {Threei}  dcc me your e-mails please to save time on address book search

[11:54] {magoo} its there

[11:57] {Threei}  sent

06[11:57] * nemo slaps magoo around a bit with a large Master Profit Plan

06[11:57] * nemo slaps Threei around a bit with a large book of Techniques of Tape Reading

06[11:57] * nemo slaps Threei around a bit with a large roll of cash

06[11:58] * nemo slaps Threei around a bit with a large daytrading course

06[11:58] * nemo slaps Threei around a bit with a large chart of uptrending market

[11:58] {nemo} mmmmmhhh....seems to work now

[11:58] {cujo} n21=Slap(Cash):/me slaps $$1 around a bit with a large roll of cash

[11:58] {cujo} hmm

[11:58] {cujo} how do you use these things?

[11:58] {Threei}  lol

[11:58] {nemo} carefully

[11:59] {cujo} ha ha ha laugh at the new guy.... 

[11:59] {Threei}  of course... when there are no old ones to laugh at around

06[11:59] * cujo slaps buyemsellem around a bit with a large trout

[11:59] {nemo} Trish Regan skeeves me

[11:59] {buyemsellem} ouch

06[12:00] * cujo slaps $$1 around a bit with a large roll of cash

[12:00] {cujo} there we go..

06[12:00] * nemo slaps cujo around a bit with a large a rabies vaccine

[12:00] {Threei}  who is $$1?

[12:00] {cujo} just testing the script...

[12:01] {nemo} details

[12:01] {larisa} do we have a limit like 2 slaps per day per person ?  

[12:01] {larisa} or somefing

06[12:01] * cujo slaps everyone around a bit with a large 2x4

[12:02] {nemo} how does a dog hold a 2x4

[12:02] {Threei}  fine with me larisa, as long as it's not imposed on me

[12:02] {cujo} ehh, improvised.  

[12:02] {larisa} for you it is 1 per day and you can say "r" word...

[12:02] {nemo} You mean you can only slap twice, or the same person twice?

[12:02] {Threei}  no way... I need slap-a-plenty

[12:03] {nemo} Sounds like oppresive communism to me, comrade

[12:09] {magoo} vad dcc

[12:09] {hawkfan4} DRYS .76, stop .67

[12:14] {cujo} Hawk, any thoughts on GS here...?

[12:14] {cujo} looks liek it keeps butting its head against that 86.00 price....

[12:14] {hawkfan4} too close to Obama time, i'd stay away for now

[12:14] {cujo} yeah good point. 

[12:15] {cujo} who knows what havoc will occure.....

[12:17] {dino}  what time obama?

[12:17] {larisa} 2 min late

[12:17] {dino} of course, thx

[12:18] {larisa} Bernanke in 40 min too

[12:18] {nemo} Sell the news?

[12:19] {Threei}  what news

[12:19] {Threei}  they already disclosed practically all content

[12:24] {nemo} yeah, but so wasn't the rescue package in November.  Market sold off on the vote.

[12:24] {Threei}  no

[12:24] {Threei}  that one was voted for

[12:25] {Threei}  the matter was whether it passes or not

[12:25] {Threei}  this one is a fact

[12:25] {nemo} we knew it was going to pass

[12:25] {Threei}  yes

[12:26] {Threei}  so market went up into that moment

[12:26] {Threei}  and sold off when it came to fruition

[12:26] {Threei}  there was expectation of news and moment of news itself

[12:26] {Threei}  with this speech both are behind us

[12:27] {Threei}  we will most likely sell down anyway

[12:27] {Threei}  but the mechanics are different

[12:29] {hawkfan4} back in a bit

[12:31] {Threei}  why is it a big speech again?

[12:31] {nemo} It's given by a "black" president?

[12:32] {nemo} pretty anti-climactic

[12:40] {dino} always sell after obama

[12:41] {dino} icentives for staying current on mortgage?????i thought the incentive was to keep your house!

[12:41] {nemo} What did FASB say about Mark-to-Market?

[12:41] {dino} this administration is clueless!!!!!!!!!\

[12:43] {dino} did not see any m2m comments nemo

[12:46] {Threei}  IMF'S STRAUSS-KAHN REITERATES STIMULUS PLANS MUST BE MOVED FORWARD QUICKER, COULD REVISE GLOBAL GROWTH FORECAST TO NEAR 0%

[12:46] {Threei}  - Remarks that the crisis may turn around by beginning of 2010

06[12:46] * magoo slaps cujo around a bit with a large trout

[12:46] {dino} what the hell is a "1k success fee" for 3 years?

06[12:48] * cujo slaps magoo around

[12:48] {cujo} :)

[12:51] {larisa} dino, If I or you stay current on the loan, servicer will get rewarded 1K a year for 3 years :)

[12:52] {dino} from who, govt?

[12:52] {larisa} yup

[12:52] {Threei}  market is underwhelmed

[12:52] {dino} they are destroying the free market, imo

[12:52] {Threei}  and create zillion of new questions down the road

[12:53] {dino} details out march 4th, more of nothing

[12:53] {dino} they most likely do not have it figured out yet, otherwise why wait?

[12:56] {magoo} or close here again first

[13:00] {larisa} I like this redhead on CNBC. rich looking :)

[13:00] {dino} ;-)

[13:00] {Threei}  I like redheads, period

[13:01] {wulff} not to suddly join in, but me too

[13:01] {Threei}  FED'S BERNANKE: SUGGESTING A LONG TERM INFLATION FORECAST SIMILIAR TO THAT OF A TARGET; ENCOURAGED BY MARKET RESPONSE TO ACTIONS THUS FAR, EXPECTS INFLATION TO BE LOW FOR SOME TIME

[13:01] {Threei}  - Long term forecasts to be released with FOMC minutes later today

[13:01] {Threei}  - Fed will extend economic forecast horizons to a period of 5-6 years

[13:01] {Threei}  - Sees recovering Bear Stears and AIG loans

[13:02] {nemo} great....5 year plans

[13:02] {Threei}  ENCOURAGED BY MARKET RESPONSE??

[13:02] {larisa} like DRYS CEO, going in right direction :)

[13:03] {Threei}  should we lose 2000 points in one day for him to be slighly disappointed?

[13:03] {cujo} HIG short under 10.00 Vad?

[13:03] {dino} itri last try sm l .00

[13:03] {dino} spiked

[13:04] {magoo} dcc vad

[13:04] {Threei}  that would be third test cujo

[13:04] {Threei}  so yeah, worth a try

[13:04] {cujo} ok

[13:05] {Threei}  VNDA

[13:05] {Threei}  UPDATE: HOLDER KEVIN TANG URGES BOARD TO LIQUIDATE REMAINING ASSETS AND RETURN REMAINING CAPITAL TO STOCKHOLDERS - FILING

[13:06] {Threei}  Board: no way

[13:07] {Threei}  TICKING LOWER AFTER CNBC'S GASPARINO REPORTS CERTAIN PARTNERS HAVE BORROWED MONEY TO COVER MARGIN CALLS

[13:07] {Threei}  - his sources say this is affecting a few partners, is not widespread at the moment

[13:07] {Threei}  GS

[13:07] {Threei}  3 min ago

[13:07] {Threei}  let me get this straight

[13:07] {Threei}  those supposedly brightest traders

[13:07] {Threei}  mighty, market-moving, well-informed

[13:08] {Threei}  having access to everything and everyone, well-connected

[13:08] {Threei}  trade so well that they are hit by margin calls?

[13:10] {Threei}  I'll teach them for GS, 5 mil per head

[13:10] {Threei}  I thought of 1 mil, but... having all that and still losing money, they must be real hard to teach

[13:11] {cujo} Little thick headed over there at GS....

[13:15] {Threei}  market is doing precisely nothing

[13:17] {cujo} Like Bernanke's beard.

[13:17] {larisa} lol

[13:17] {cujo} Vad, you still have a beard?

[13:17] {Threei}  yes sir

[13:17] {Threei}  photo on a website is very recenbt

[13:18] {cujo} nice, i think i'm going to grow a lucky handlebar mustache.  

[13:21] {nemo} I've got a beard too Larisa :))))

[13:22] {dptl} shorted hig .98

[13:22] {cujo} in .97

[13:23] {dino} clean here larisa

[13:25] {nemo} I have to have a beard...my skin is too sensitive to shave

[13:25] {larisa} clean here too dino :)

[13:25] {patience} no beard here larisa

[13:25] {larisa} LOL

[13:26] {dino} amed

[13:27] {dino} nice

[13:27] {larisa} room is out of control, we need 'ally. 

[13:28] {nemo} bored...maybe...outta' control....hehehehehe....always :)

06[13:29] * cujo pushes HIG down with a speech from bernanke

[13:29] {dino} feels like big move coming soon

[13:30] {larisa} up or up ?

[13:30] {nemo} could you be specific as to direction?

[13:30] {nemo} There's upward pressure in FAS

[13:30] {dino} gut feels up

[13:31] {nemo} TNA is pointing up also

[13:31] {nemo} one of the cats has decided to hop up and help

[13:33] {dino} ahhh

[13:33] {dino} just added 2 kittens to household. it seems i can't say no to my daughhter

[13:34] {nemo} uiiiiiiiiiiiiiiiiiiiiikmjjjjjjjjj,,

[13:34] {nemo} oy...sorry the cat

[13:34] {nemo} Well, he didn't buy anything

[13:34] {Threei}  FED'S BERNANKE: THERE ARE TWO PARTS TO RECOVERY, FISCAL AND MONETARY STIMULUS, AND FURTHER STABILIZATION OF BANKING SYSTEM; BOTH ARE ESSENTIAL, CANNOT SKIP ONE OR OTHER - Q&A

[13:35] {dptl} Vad can you kick that hig for us 

[13:36] {Threei}  PREVIEW: MINUTES OF THE JAN 28TH FOMC MEETING AND QUARTERLY ECONOMIC FORECASTS FOR 2009-2011 TO BE RELEASED AT 2PMET

[13:36] {nemo} Hig is pointing north

[13:36] {Threei}  there is nothing indicative either way right now, dp...

[13:36] {Threei}  GS is upticking

[13:36] {Threei}  helping financials

[13:36] {nemo} I just cut the head off the chicken, the blood spatter still says up

[13:37] {dino} as good as it gets nemo

[13:38] {nemo} Biting the head off is better

[13:39] {nemo} damn chicken

[13:40] {Threei}  sharp down out of nowhere

[13:41] {dptl} good

[13:42] {nemo} Bernanke says TALF will start up any day now

[13:42] {Threei}  uhhu

[13:42] {Threei}  market says YEP and drops

[13:43] {Threei}  - Says TALF will help lower credit card rates

[13:44] {Threei}  this is actrually funny:

[13:44] {Threei}  GDP HEARING VAGUE TAKEOVER CHATTER CIRCULATING

[13:44] {Threei}  by China?

[13:45] {dino} amed sm l .50

[13:45] {nemo} cat likes watching Level II

[13:45] {Threei}  sigh... my sense of humor remains grossly misunderstood

[13:46] {nemo} Not understood is more like it...

[13:46] {dino} i got it

[13:46] {Threei}  GDP...

[13:46] {Threei}  as in Gross Domestic Product...

[13:46] {nemo} Gross Domestic Product?

[13:46] {nemo} got that

[13:46] {Threei}  whew

[13:46] {nemo} What, China is us?

[13:49] {dino} lphi blood

[13:49] {Threei}  want to short RIMM

[13:49] {Threei}  and not sure whether we get snapback any minute now

[13:50] {Threei}  ugh...

[13:50] {Threei}  gotta trust my instincts

[13:51] {magoo} back

[13:51] {magoo} in anything

[13:52] {Threei}  no

[13:52] {nemo} I thought you shorte RIMM?

[13:52] {magoo} make a killing without me

[13:52] {Threei}  nemo... reread my post :)

[13:53] {Threei}  does it indicate that I did or that I wanted, skipped and regretted skipping? :)

[13:53] {nemo} Now that I look at rimm...regret:(

[13:55] {Threei}  GG

[13:55] {Threei}  tough stock

[13:56] {Threei}  looks like breaking out at 32.40

[13:56] {Threei}  half lot with stop under .25

[13:56] {Threei}  can be disgustingly volatile

[13:56] {Threei}  consider it discretionary trade

[13:59] {magoo} in

[13:59] {cujo} in

[14:00] {Threei}  MINUTES OF THE JAN 28 FOMC MEETING: SAW RISKS OF PROTRACTED TOO LOW INFLATION, SET 2% AS LONG TERM US INFLATION GOAL

[14:00] {Threei}  -

[14:02] {dino} that seems low 2%

[14:02] {Threei}  - Increase in spending could be short lived in consumer spending due to stimulus, no signs housing stabilizing

[14:02] {Threei}  **economic forecast:

[14:02] {Threei}  - 2009 GDP growth forecast revised to-1.3% to -0.5%# from -0.2% to 1.1% range prior.

[14:02] {Threei}  - 2009 jobless rate forecast revised to 8.5-8.8% from 7.1-7.6% range prior.

[14:02] {Threei}  - 2010 GDP growth forecast revised to +2.5-3.3% from 2.3-3.2% prior forecast.

[14:02] {Threei}  - 2010 jobless rate forecast revised to 8-8.3 from 6.5-7.3% prior forecast.

[14:02] {Threei}  - Introduces 2011 GDP forecast of +3.8-5%,

[14:02] {nemo} that's the goal dino

[14:03] {Threei}  stop to .29 GG

[14:03] {dino} realistically we are not even at 2% right now

[14:03] {Threei}  nope, we are in deflation

[14:04] {Threei}  stop to .34 GG

[14:04] {Threei}  1:1, half out, stop to .39

[14:05] {Threei}  FED'S EVANS: FULL IMPACT OF STIMULUS PACKAGE ON GDP IS 'UNCLEAR' - Q&A

[14:05] {Threei}  - Stimulus is a critical bridge over the wide gap in demand.

[14:05] {Threei}  - Very important to keep the US auto industry viable.

[14:05] {Threei}  - Disinflation is definately at work in the US economy.

[14:05] {Threei}  - says will expand loan facilities "as appropriate."

[14:07] {Threei}  oh btw, no more Saturn either

[14:07] {Threei}  nor am I not crying about that one

[14:08] {nemo} I know Pluto isn't considered a planet anymore, but Saturn?

[14:08] {Threei}  well, Pluto demotion hit me hard

[14:08] {Threei}  the reason for it was, it was small, not too bright and gassy

[14:08] {Threei}  I don't feel safe

[14:09] {nemo} Oh, I thought you were talking about me

[14:09] {Threei}  I am not that rude...

[14:09] {Threei}  wait

[14:09] {Threei}  I am

[14:09] {Threei}  sorry for misrepresenting myself

[14:10] {dino} uranus

[14:10] {dino} now thats a name

[14:11] {nemo} what does the starship Enterprise and toilet paper have in common?

[14:11] {dino} dk

[14:11] {Threei}  good boy GG, let's go to 1:2

[14:11] {nemo} they both circle uranus looking for klingons

06[14:11] * magoo slaps nemo around a bit with a large trout

[14:12] {Threei}  by the way... all who struggles with mirc... magoo did it

[14:12] {Threei}  and if magoo did it...

[14:12] {Threei}  out GG balance

[14:13] {nemo} did he have federal assistance

[14:13] {Threei}  who doesn't these days

[14:13] {jmb} thanks Vad GG

[14:13] {nemo} me

[14:13] {cujo} ditto

[14:13] {Threei}  jmb :)

[14:13] {cujo} out 1:1

[14:13] {ese} have a great rest of the day all...gota go

[14:13] {Threei}  take care ese :)

[14:13] {ese} see ya vad

[14:13] {nemo} ese :0

[14:14] {Threei}  everyone does, nemo... it's just that some with +, some with -

[14:14] {Threei}  if they can say negative growth

[14:14] {nemo} I'm -

[14:14] {Threei}  why can't they call tax a negative assistance?

[14:15] {magoo}  by the way... all who struggles with mirc... magoo did it

[14:15] {magoo} {&Threei}  and if magoo did it...

[14:15] {magoo} only because of KS

[14:15] {hawkfan4} test

[14:16] {Threei}  A+

[14:16] {nemo} Meredith Whitney is starting her own company

[14:17] {hawkfan4} lol, testing remote connection from my iphone

04[14:18] -} [hawkfan4] PING

[14:18] {Threei}  [14:18] [hawkfan4 PING reply]: 0secs

[14:18] {Threei}  not bad

[14:18] {hawkfan4} and im in the car

[14:20] {Threei}  driving?

06[14:20] * Threei slaps hawkfan4 around a bit with a large safety manual

[14:23] {hawkfan4} back at the desk

[14:30] {Threei}  SAAB and Hummer are out too

[14:31] {Threei}  don't care about Saab

[14:31] {nemo} Ahhnold's bummin'

[14:31] {magoo} what u mean"out" officially closed down and gone

[14:31] {Threei}  EIA NOTES US SAUDI ARABIAN CRUDE IMPORTS -18.2% Y/Y

[14:31] {Threei}  yeas

[14:32] {magoo} so no more hummers bein g maded?

[14:32] {Threei}  GM and Chrysler are shutting down some models and brands

[14:32] {nemo} GM should have done that 20 years ago.

[14:32] {Threei}  Chrysler - PT Cruiser, Dodge Durango and Aspen

[14:32] {cosmo} they did.... the wrong ones

[14:33] {dino} ugh, my durango

[14:33] {Threei}  they said something about Pontiak but I didn't catch it

[14:33] {cosmo} where's my Fiero?

[14:34] {Threei}  sorry cos... in the same tar pit as Hugo

[14:34] {cosmo} figures

[14:34] {Threei}  EIA NOTES US SAUDI ARABIAN CRUDE IMPORTS -18.2% Y/Y, HITTING LOWEST LEVELS SINCE OCTOBER 2007

[14:35] {Threei}  I don't get it

[14:35] {nemo} Hugo?

[14:35] {Threei}  was saudi arabia very poor before 2007?

[14:35] {Threei}  or during oil at 10?

[14:36] {Threei}  how come oil at 30-40 now is considered too low and detrimental to development?

[14:36] {nemo} Oil isn't high enough to warrant new development projects

[14:36] {dino} because of time factor

[14:37] {cosmo} time for free energy

[14:37] {dino} sure

[14:38] {cosmo} plants do it...

[14:38] {Threei}  cost of extraction of one barrel in the gulf is $1-3

[14:38] {Threei}  10 is not good enough margin?

[14:38] {Threei}  30-40 is not good enough either?

[14:39] {nemo} For them, yes, for other OPEC prducers, no...or at least according to their claims

[14:40] {Threei}  RIMM down ad down

[14:40] {larisa} even haircut costs 40$ these days, what you are talking about threei :)

[14:40] {Threei}  say what?

[14:42] {larisa} 70$ and everybody is happy. Setting the price here to end oil wars. 

[14:42] {Threei}  I am not happy

[14:42] {dino} larisa, if you're here, i'm happy

[14:42] {larisa} ty :)

[14:42] {Threei}  gas is going up even as oil drops

[14:43] {Threei}  if it goes up to 70, bastards will double it

[14:43] {cosmo} i would never spend $70 for a hair cut

[14:43] {dino} then i guess john edwards barber is out for you

[14:43] {Threei}  oil 20 and haircut 8... that's my price range

[14:43] {dino} $600

[14:44] {dino} guns and roses on....guess which one

[14:44] {Threei}  keep $5 latte too

[14:44] {dino} never had one. 

[14:44] {cosmo} 5 seems high

[14:45] {dino} i'm a simple guy, i like my coffee like my women.....hot and bitter

[14:46] {Threei}  LOL{ this one is really good

[14:46] {Threei}  JPM CEO: CONCERNED MAY LOSE TALENT DUE TO OBAMA COMPENSATION RULES

[14:46] {Threei}  lose to whom?

[14:46] {nemo} did I miss anything had to reboot because of cat

[14:46] {magoo} yup nemo..this..

06[14:46] * magoo slaps nemo around a bit with a large trout

[14:47] {Threei}  who needs those talents that get margin calls, run their banks in the ground

[14:47] {nemo} thanks mags

[14:47] {Threei}  and where do they go these days?

[14:47] {cosmo} carls jr.

[14:47] {cujo} buy side maybe?  hedge funds 

[14:48] {dino} to reality trader i heard

[14:48] {Threei}  if one can read the market well enough to operate successful hedge fund...

[14:48] {Threei}  watching STT

[14:49] {Threei}  conasolidates close to .50

[14:49] {Threei}  if stays above .35 and breaks with market help, will be worth a scalp

[14:57] {Threei}  over 1:1

[14:57] {Threei}  take scalp, IMO

[14:57] {jmb} thanks Vad Stt

[14:57] {Threei}  welcome :)

[14:57] {magoo} vicious spike here

[14:58] {Threei}  and no one knows why I take it

[14:58] {Onix} Thanks Vad, got some in STT

[14:59] {Threei}  :)

[14:59] {nemo} take what Vad?

[14:59] {Threei}  I take it, no one know why market spiked visiously

[14:59] {Threei}  viciously

[14:59] {nemo} viscously

[14:59] {Threei}  whatever

[14:59] {nemo} no, you were right

[14:59] {Onix} no idea

[15:00] {larisa} whiskasly

[15:00] {Threei}  isn't that cat's treat?

[15:00] {larisa} cat food

[15:01] {nemo} she's phonetically spelling in her accent?

[15:02] {magoo} is this news driven??

[15:03] {Threei}  no news that I see

[15:03] {Threei}  this is one of those things that keep me so careful these days

[15:04] {nemo} Don't think so...just one of those spiles out of the blue, although...I should hav noticed, volume picked up drastically @ 14:49 on FAS

[15:05] {Threei}  14:49?

[15:05] {Threei}  you sure?

[15:05] {nemo} then, volume dropped off drasitcally after the big leg up..yes

[15:05] {Threei}  there is practically no volume on that bar on my chart

[15:05] {nemo} I've got nothing @ 14:48 and then 1.4 million for 14:49 on IB

[15:06] {Threei}  big leg up was 14:57 - 58

[15:06] {Threei}  sheesh STT

[15:06] {nemo} yes...volume started picking up @ 14:49

[15:06] {dino} what the heck, drop

[15:07] {Threei}  false positive... lookm at volume spike at 14:40,

[15:07] {Threei}  nothing happend after that

[15:07] {nemo} STT wasn't as drastic, but starting @14:50 volume hit 50k for th next five minutes and then the price bolted

[15:08] {nemo} on FAS? 

[15:08] {Threei}  you are looking at/for non-existing patterns

[15:08] {Threei}  STT went up because market spiked

[15:09] {Threei}  its own volume before the spike had nothing to do with it

[15:09] {Threei}  and had no predictive value

[15:10] {nemo} I was looking first @ FAS.  Had a volume spike @ 14:49 and then more than 2x that @ 14:50.  Price didn't begin to break range until14:46

[15:10] {nemo} 14:56

[15:11] {nemo} looks like STT moved @ 14:57

[15:11] {Threei}  do you see volume spike at 14:40 on FAS?

[15:11] {nemo} small one

[15:11] {nemo} much bigger @ 14:49

[15:11] {dino} getting whippy

[15:12] {nemo} that  1st volume was in a downtrend, yes?

[15:13] {Threei}  yes

[15:13] {Threei}  after sharp drop

[15:13] {Threei}  not before

[15:13] {nemo} between 14:49 an 14:56 the volume was absorbed in a 5-6 cent range

[15:13] {nemo} then bang

[15:13] {Threei}  okay

[15:14] {nemo} cool...at least I can read the chart...interpret...well...that's a different story.

[15:14] {Threei}  let me say last time

[15:14] {Threei}  tyoyu are looking at non-existing pattern and making conclusions from false positives

[15:15] {Threei}  none of what you see had anything to do with that spike

[15:16] {nemo} o.k., so STT had a good probability pattern, but FAS did not?

[15:16] {Threei}  market took both of them up but STT had better odds

[15:16] {nemo} o.k.

[15:17] {Threei}  it formed clean consolidation under .50 resistance

[15:17] {Threei}  there was a setup to go off

[15:17] {Threei}  for FAS, it was simply market following

[15:17] {nemo} You had support for STT also, whereas not for FAS?

[15:18] {Threei}  5.60 was support

[15:18] {Threei}  no chart formation for clean play though

[15:18] {nemo} understand

[15:18] {nemo} or as the Japanese like to say, "Hai"

[15:19] {Threei}  STT's own foration was nothing but scalp btw

[15:19] {Threei}  formation

[15:19] {Threei}  market's tide turned it into more

[15:19] {nemo} which formation was STT?

[15:19] {Threei}  mini-JBE

[15:19] {nemo} hai

[15:25] {Threei}  these sudden spikes in both directions are killers

[15:26] {Threei}  get caught on a wrong side, you are roadkill

[15:26] {Onix} for sure

[15:27] {nemo} Saw a great book once:  So an So's guide to "Flattened Fauna"  How to identify a carcass after it had been run over by an 18 wheeler.

[15:28] {Threei}  I don't klnow how I lived without this skill

[15:28] {nemo} there was a corresponding cook book published by "The Roadkill cafe"

[15:30] {larisa} triple digit down closure (any bets?)

[15:30] {Threei}  hmmm?

[15:30] {nemo} take it vad

[15:30] {Threei}  I am game

[15:30] {Threei}  no way

[15:31] {nemo} why not?

[15:31] {larisa} you only can say triple up

[15:31] {Threei}  no

[15:31] {Threei}  my bet is no way we rich triple down

[15:31] {nemo} Larisa, you betting down?

[15:31] {Threei}  reach

[15:31] {larisa} yup

[15:31] {nemo} that's how you say it with a spanish accent

[15:31] {magoo} up here

[15:32] {larisa} :)

[15:32] {Threei}  SENATE MAJORITY LEADER REID: AIMING TO ALLOW PRES OBAMA 'ROOM' WITH WHICH TO EVALUATE AUTOMAKER ASSISTANCE

[15:32] {Threei}  {GM F}

[15:33] {dino} great, he'll just keep feeding them money

[15:33] {dino} ford getting screwed royally on this

[15:33] {magoo} funny how everyone gives osama the benefit of doubt

[15:33] {Threei}  ford refused assistance

[15:33] {magoo} likes hes such expert 

[15:34] {dino} yes

[15:34] {nemo} osama?

[15:35] {dino} gm takes $ offer 0%, f doesn't take $. how is this fair. gm should be bankrupt, f picks up slack, survival of fittest

[15:39] {dptl} have a good evening all

[15:39] {Threei}  take care dp

[15:39] {magoo} u2

[15:41] {dino} out itri .40, +.40

[15:41] {larisa} gj

[15:42] {magoo} STT bouncer vad

[15:42] {Threei}  not sure

[15:42] {Threei}  can't break this resistatnce for quite a while

[15:44] {magoo} ill ask nemo instead he he

[15:46] {larisa} 15 min left and market looks like Flattened fauna :)

[15:47] {Threei}  and green

[15:47] {Threei}  not red

[15:47] {magoo} up

[15:47] {Threei}  not triple digits red

[15:47] {magoo} 50 at close

[15:47] {dino} yesterday we dropped about 80 points into close

[15:47] {larisa} right dino

[15:48] {nemo} volume patterns are sporadic

[15:48] {dino} and price

[15:49] {larisa} vad, even if we close -1.13, I win (3 digits red..)

[15:49] {Threei}  sigh

[15:51] {Threei}  small spike into close is my final feel

[15:51] {nemo} gonna' bet him Larisa?

[15:52] {larisa} that we will get big spike ? :) no :)

[15:53] {nemo} Oh jeez...just changed time frame settings on the IB charts, adn the volumes all changed...ohoh

[15:53] {larisa} PLD is strong into the close

[15:53] {nemo} adn=and

[15:54] {Threei}  what was the stake?

[15:55] {nemo} never discussed

[15:55] {Threei}  what it is I am going to win in 6 minutes?

[15:55] {larisa} nothing.. {NO WAY} is not betting.

[15:55] {magoo} a beer with magoo vad

[15:55] {larisa} lol

[15:57] {Threei}  next time I'll ask before making my opinion known...

[15:57] {Threei}  such perfect read, so perfectly wasted

[15:58] {nemo} I know how you feel..............NOT

[15:59] {larisa} RIMM is losing it

[15:59] {dino} out fdo .44, +.04\

[16:00] {Threei}  okay guys

[16:00] {Threei}  fairly nice day

[16:00] {dino} rimm wants 40ish strike imo. tomorrow 40.60 thinking buy area

[16:00] {nemo} P&Q

[16:01] {Threei}  thank you all

[16:01] {Threei}  have a good evening

[16:01] {Threei}  see you tomorrow

[16:01] {larisa} will watch it too dino, see you guys :)

[16:01] {buyemsellem} thank you, see you tomorrow

Feb 17 2009

CAT and HIG shorts yielded nice sizeable profits in early trading. A few nice scalps with just one small stop helped make the day as close to perfect as it gets in this miserable market.

Session Time: Tue Feb 17 00:00:00 2009

[07:40] {nemo} Wie geht's heute Herrn K?

[07:40] {nemo} Hi LaserD

[08:15] {nemo} Anbody here?

[08:16] {Threei}  no

[08:16] {Threei}  but, good morning

[08:16] {nemo} Didn't think so

[08:16] {larisa} good morning :)

[08:16] {Threei}  "ggod" is questionable too, eh?

[08:16] {Threei}  larisa :)

[08:17] {larisa} threei :)

[08:22] {cujo} good morning

[08:22] {nemo} dog :)

[08:32] {Threei}  *FEB EMPIRE MANUFACTURING: -34.65 V -23.75E

[08:32] {Threei}  cujo :)

[08:32] {cujo} morning Vad

[08:32] {nemo} ouch!

[08:37] {nemo} We should be able to pick up FAS for $2 and change some time this week :)

[08:37] {Threei}  cool

[08:39] {patience} good morning rt  :)     gold jumping nicely this morning

[08:40] {Threei}  patience :)

[08:41] {magoo} morning

[08:41] {Threei}  magoo :)

[08:41] {nemo} magus :)

[08:44] {magoo} end of world vad?

[08:44] {Onix} gm all

[08:45] {cosmo} that's on friday, magoo

[08:45] {cosmo} MELA

[08:47] {Threei}  onix, cosmo :)

[08:47] {Threei}  sure mags

[08:49] {_livia} good morning

[08:49] {Threei}  livia :)

[08:49] {pita} gm everyone!

[08:50] {Threei}  pita :)

[08:55] {tomg} good morning everyone 

[08:55] {Threei}  tom :)

[09:01] {fernp} Hi everybody

[09:01] {Threei}  fern :)

[09:06] {dino} gm all

[09:07] {Threei}  dino :)

[09:07] {nemo} dino :)

[09:07] {dino} ;)

[09:07] {magoo} vad..news RIMM AAPL GS?

[09:07] {Threei}  ??

[09:07] {Threei}  why would any of them need news?

[09:08] {nemo} any thoughts, percolating, distilling, brewing, photosynthesizing  there Vad?

[09:08] {Threei}  thoughts?

[09:08] {Threei}  kidding?

[09:08] {nemo} well, I thought using the terms distilling and brewing might motivate you

[09:09] {cosmo} its the thought that coubts....

[09:09] {cosmo} counts

[09:09] {Threei}  coubts is right

[09:09] {cosmo} hmm  ...yea

[09:10] {Threei}  FAS under 7

[09:10] {Threei}  world ends dino

[09:12] {dino} indeed (again)

[09:12] {dino} as they say...it's a good day to die, and the day's not over yet

[09:14] {dptl} good morning all

[09:15] {Threei}  dp :)

[09:20] {Threei}  okay guys

[09:20] {Threei}  this week is promising to be very nervous

[09:20] {Threei}  with a lot of news coming from high above

[09:20] {Threei}  and market digesting them

[09:20] {dino} plus expirationb

[09:20] {Threei}  we have stimulus bill, financial help, automakers,

[09:21] {Threei}  housing help coming

[09:21] {Threei}  a lot of details will matter

[09:21] {Threei}  so far market doesn't like any of it

[09:21] {Threei}  but it's going to bery news-sensitive

[09:21] {Threei}  What we need to do in this situaation is get back to our Sept-Oct trading

[09:22] {Threei}  very careful picky, defensive

[09:22] {cosmo} watch CAT for indications?

[09:22] {Threei}  not overtrading

[09:22] {Threei}  staying picky and nimble

[09:22] {Threei}  don't jump on selloffs too soon,

[09:23] {Threei}  weak bounces are likely to be sold into

[09:23] {Threei}  better miss something that jump on mediocre trades

[09:24] {dino} cat may be down off of de downgrade, can't get financing lined up for buyers cosmo

[09:24] {Threei}  CAT is near major support at 30,

[09:24] {cosmo} CAT for sale?

[09:24] {Threei}  and looks like breakdown is likely

[09:25] {Threei}  let's see if it consolidates close enough to 30 for a nice tight stop, and short break

[09:26] {cosmo} if the 'buy american' sentiment picks up ....

[09:29] {Threei}  if gold strength contines, GG will be interesting

[09:29] {Threei}  tough one to time but will see

[09:30] {Threei}  CAT is a bit too volatile for now

[09:31] {pita} FAS below 7 still good call?

[09:31] {pita} sinking fast

[09:31] {Threei}  for what, long?

[09:31] {Threei}  no

[09:31] {Threei}  let it sink

[09:32] {Threei}  CAT stablized a bit

[09:32] {Threei}  let's see if it stays under .20 - .25

[09:33] {Threei}  half lot short on 30 breakdown

[09:34] {Threei}  see that big bid by ARCA at .09?

[09:34] {Threei}  possible aggressive entry if it gets hit

[09:35] {Threei}  with stop above .25

[09:37] {Threei}  needs to lose 30 now

[09:38] {Threei}  if does, there is a lot of downside

[09:41] {Threei} Short Setup: HIG  .25 if holding below .40

[09:41] {nemo} half lot?

[09:42] {Threei}  with 15-20 cents stop...

[09:42] {dino} 7500 strike in works for dji

[09:43] {magoo} agree dino

[09:43] {magoo} in hig

[09:43] {Threei}  HIG 1:1, half out, scalpers take profit

[09:44] {magoo} out GihTY

[09:44] {magoo} 'hIG

[09:44] {magoo} sigh

[09:44] {magoo} HIG

[09:45] {Threei}  stop to above .30 for the balance

[09:45] {nemo} Battle Royale at CAT

[09:46] {Threei}  let's see how many lives CAT has

[09:46] {Threei}  bad pun...

[09:46] {nemo} don't quit your day job

[09:47] {Threei}  Seinfield can sleep well

[09:47] {magoo} dow-226

[09:47] {Threei}  HIG 1:2, 1/4 more out

[09:48] {Threei}  stop to .15

[09:48] {Threei}  come on CAT, break down that wall

[09:48] {Threei}  Attention:  CAT  cover half

[09:48] {Threei}  stop to .15

[09:50] {fernp} out. ty vad

[09:50] {Threei}  fern :)

[09:50] {Threei}  scalpers make up your mind here,

[09:50] {Threei}  the rest - look for serious dump,

[09:50] {Threei}  quite possibly under 29.50,

[09:51] {magoo} waiting .58 here'

[09:51] {Threei}  closer to 29 is not out of question

[09:51] {dino} 7500s

[09:51] {larisa} out CAT, beautiful call

[09:52] {magoo} out .70 TY 

[09:52] {Threei}  welcome guys

[09:52] {cujo} great calls Vad

[09:52] {Threei}  yeah, I have my moments

[09:52] {nemo} Your moments are hours

[09:52] {cujo} HIG +.30

[09:52] {magoo} - 275

[09:52] {nemo} How's the arm?

[09:52] {Threei}  only when senility hits and I forget to look at time

[09:52] {magoo} im speaker of obvious today ok?

[09:53] {cujo} CAT +.25

[09:53] {Threei}  sorry mags, that's my prerogative

[09:53] {nemo} Geez...Mags even picked up some of your syntax

[09:53] {magoo} thought id give u a break

[09:53] {Threei}  I am touched

[09:54] {cosmo} CAT 29.60 = recent daily low 

[09:54] {Threei}  my stop is trailed to above 30 on CAT

[09:54] {dino} gj

[09:55] {Threei}  still looking for major reward on it, so trying to give it breathing room

[09:55] {magoo} if bounces ii may reenter

[09:55] {Threei}  29.60 is its low from 02/02

[09:56] {Threei}  HIG stop to above 11 for the balance

[09:58] {Threei}  .50 target is hit on CAT, and bounces are still pitiful

[09:59] {Threei}  I guess I'll trail to above .90

[09:59] {Threei}  and if loses .50 - to above .80

[10:01] {Threei}  (US) WHITE HOUSE: STATES THAT OBAMA TO RELEASE BUDGET ON FEB 26

[10:02] {Threei}  F

[10:02] {Threei}  GETS $55M IN REFUNDABLE TAX CREDITS FROM THE STATE OF MICHIGAN FOR FUTURE ELECTRIC VEHICLES

[10:02] {Threei}  good boy CAT

[10:02] {Threei}  girl?

[10:03] {Threei}  covered 1/4 more CAT +.50

[10:03] {Threei}  stop to above .80

[10:03] {Threei}  letting it trade

[10:03] {ese} morning...slept in.....

[10:04] {cosmo} CAT looks so....'shovel ready'

[10:04] {Threei}  ese :)

[10:04] {Threei}  lol cosmo

[10:06] {magoo} 2 beauties vad

[10:06] {Threei}  stop to above .50, and getting ready to cover on the next dive

[10:06] {ese} bstop CTSH .01 1/2

[10:07] {ese} long

[10:09] {cujo} Great trade Vad...  

[10:09] {Threei}  stop to above .40

[10:09] {ese} stop .85

[10:09] {Threei}  I have 90 cents here... am I getting too greedy?

[10:10] {cujo} nah

[10:17] {Threei}  HIG new low

[10:18] {Threei}  held 11 resistance like charm

[10:18] {ese} stopped .85 -.16   got no market help

[10:20] {dino}  bac gap 4.90 filled

[10:22] {Threei}  HIG stop to .85

[10:23] {Threei}  CAT is not very clear here

[10:23] {Threei}  haven;'t given me a reason to trail top tighter than .40

[10:23] {Threei}  and doesn't make new lows

[10:24] {Threei}  ok

[10:24] {Threei}  out

[10:24] {Threei}  .41

[10:24] {Threei}  +.67 or something like that

[10:27] {Threei}  HIG new low

[10:27] {Threei}  stop to above .65

[10:29] {magoo} CAT may be a nice bouncer vad?

[10:29] {ese} ouuuu got in MDRX .19 1/2

[10:29] {Threei}  still looks pathetic mags

[10:30] {Threei}  OK, time to stop being too greedy I guess

[10:30] {Threei}  out HIG last portion

[10:30] {Threei}  +.70 or so

[10:31] {magoo} nice

[10:31] {magoo} id help u calculate but still working on my exit 

[10:32] {ese} out MDRX  .33 +.14

[10:32] {ese} quick hit

[10:32] {Threei}  nothing's wrong with that

[10:34] {ese} nope not at all

[10:34] {Threei}  I don't have clear feel for the market here, waiting for something to shape up

[10:35] {ese} mdrx did what i expected ctsh to do

[10:36] {ese} was watching RSI on ctsh thought it was strong enough 

[10:36] {ese} is that because MDRX was trading a little thinner vad?

[10:37] {ese} certainly more risk with MDRX

[10:41] {Threei}  hard to tell ese

[10:41] {Threei}  not evverything has a clear reason

[10:42] {Threei}  it's just one worked another didn't

[10:44] {Threei}  CBAK

[10:44] {Threei}  REAFFIRMS FY09 R$275-300M V $270ME

[10:44] {ese} hmmm.....

[10:45] {Threei}  market took a very long breath

[10:45] {Threei}  looks a bit more stable now,

[10:45] {Threei}  want to see if it's a fake or trend changes

[10:46] {nemo}  {@Alert} Threei  want to see if it's a fake or trend #discussionsges

[10:47] {dino} rimm sm l .10

[10:48] {Threei}  HIG is knocking on .70

[10:49] {Threei}  don't chase it,

[10:49] {Threei}  rather look for pullback in mid .60

[10:49] {Threei}  and try to get it with tight stop under .60

[10:49] {Threei}  just a scalp idea

[10:55] {Threei}  took .66, not looking for much though

[10:56] {Threei}  out .76

[10:57] {cujo} out .74

[10:57] {cujo} thankw

[10:57] {cujo} thanks

[10:57] {Threei}  welcome

[10:57] {Threei}  uhhu... now it goes :)

[10:57] {cujo} murphy's law...

[10:57] {Threei}  whatever, it's hunt and peck

[10:58] {Threei}  with two sizeable trades eaerlier, I am in capital preservation mode

[10:58] {nemo} The trading gods were very good the first hour

[10:58] {Threei}  taking surest profits,

[10:58] {Threei}  waiting for something more clear,

[10:58] {Threei}  ignoring iffy trades

[10:59] {Threei}  that's what got us through the fall with nice profits, and market is pretty much the same as we had back then

[11:01] {Threei}  DRYS gives new meaning to the word UGLY

[11:06] {dino} gild sm l .90

[11:06] {cujo} any thoughts on RIMM here Vad?

[11:06] {Threei}  chart is upward looking

[11:06] {Threei}  help by market is a big IF

[11:07] {cujo} thanks.

[11:07] {Threei}  if we get better market action, .35 is RIMM long trigger

[11:08] {Threei}  wulff... mix of good/bad news for you

[11:08] {wulff} and

[11:08] {Threei}  you finally woke up, which is good...

[11:09] {Threei}  missed three nice trades, which is bad

[11:09] {wulff} figured

[11:09] {wulff} unavoidable work obligation

[11:09] {Threei}  present them with bill for missed profits?

[11:10] {cujo} hate it when work gets in the way of trading :)

[11:10] {wulff} full on rimm if triggers?

[11:11] {Threei}  I am not jazzed about this trade

[11:12] {Threei}  just answered question... doubt I'd make a call

[11:12] {dino} change the station then 3i

[11:12] {Threei}  if it consolidates tighter, let's say above .20, and market shows real strength, maybe then

[11:12] {dino} it wants 46ish

[11:19] {cujo} out RIMM +.10

[11:20] {Threei}  why not

[11:20] {Threei}  RIMM actually looks not too bad

[11:20] {cujo} yeah got in at .34 out .44

[11:20] {Threei}  just don't want to get stuck in anything during this nausious market

[11:20] {dino} gj, 

[11:21] {cujo} thanks dino

[11:22] {wulff} in POT .90

[11:24] {dino} still in

[11:26] {wulff} stopped

[11:28] {KSystems} elepet?

[11:28] {KSystems} dcc please :)

[11:29] {Threei}  impressive resilience RIMM

[11:31] {dino} lol, -6% too

[11:31] {Threei}  I mean how it's holding while market downticks

[11:31] {dino} i know, just irinic

[11:31] {dino} ironic

[11:31] {dino} a year in a day, again

[11:32] {Threei}  yeah, perception divergence between day traders and those who see final numbers at the end of the day :)

[11:32] {wulff} palm too

[11:32] {Threei}  saw it many times...

[11:32] {Threei}  market opens -500, moves up to -100,

[11:32] {Threei}  day trader says, strong bullish day

[11:32] {Threei}  the rest of pupulation says red again

[11:33] {Threei}  NASDAQ now is lower than where it was when RIMM tested .30 - .35 areas,

[11:33] {Threei}  and RIMM is holding above it

[11:34] {cujo} CAT pretty close to day low.  Any short set up?

[11:34] {Threei}  chart wise, yes

[11:35] {Threei}  I am just a bit hesitatnt to go to the same well too many times

[11:35] {cujo} yeah, shorting very small lot

[11:38] {magoo} u  would ,make a good buck vad..cautious...not patternable

[11:38] {magoo} spooked easy

[11:38] {Threei}  lol

[11:38] {magoo} quick to bolt lol

[11:42] {Threei}  I gave it some thoughts magoo

[11:42] {Threei}  (which in and of itself is not a small feat for me)

[11:42] {Threei}  and decided, it's not me... it's market that is a good fit to your description,

[11:43] {Threei}  and I am simply emulating the market

[11:43] {Threei}  being the water so to speak

[11:43] {nemo} mizo no kokuro

[11:44] {Threei}  great... another language to learn?

[11:44] {nemo} mind like the surface of calm water

[11:44] {Threei}  I could count till 10 in Japanese when practiced karate

[11:44] {Threei}  that's all the xntent of my language

[11:45] {nemo} hai

[11:45] {Threei}  oh, and I know word satori

[11:45] {nemo} the Sake?

[11:46] {Threei}  lol

[11:46] {dino} mela

[11:47] {pita} day job calling....  catch you all later I hope.

[11:47] {Threei}  take care pita

[11:47] {larisa} 10 serifu ? amari.

[11:47] {Threei}  there... and I though larisa knew subaru only

[11:48] {Threei}  PALM...

[11:48] {Threei}  I like this big pullback on daily

[11:48] {Threei}  I just hate the idea of going long in this market

[11:49] {Threei}  not hating it altogether, just for any extended period of time... and PALM is not a fast trader

[11:50] {Threei}  stay patient guys

[11:50] {Threei}  I know it's not easy

[11:51] {nemo} I gotta' go check on the horses anyway

[11:51] {Threei}  but that's the major skill to deploy in this kind of market

[11:51] {Threei}  ambush trading

[11:51] {Threei}  sit in the trenches and wait for the weak anthelope to walk by

[11:52] {Threei}  SEC IS SEEKING A TEMPORARY RESTRAINING ORDER AGAINST STANFORD FINANCIAL GROUP FOR ALLEGED FRAUD, MISREPRESENTING SAFETY OF UNISURED CDS

[11:52] {Threei}  - SEC says it can not account for $8B in assets in Stanford's Antiqua bank - NYT

[11:52] {Threei}  - Note that Stanford Financial Group is a privately held group of financial services companies. The firm's core businesses are private wealth management and investment banking for institutions and emerging growth companies.

[11:52] {Threei}  - The firm confirmed on Friday that it has been under investigation by the SEC and the Financial Industry Regulatory Authority since January.

[11:53] {cujo} GS day lows

[11:53] {Threei}  CAT starts working for you cujo

[11:53] {nemo} I like sentry work :)

[11:53] {nemo} SLW just popped

[11:53] {cujo} yup

[11:53] {cujo} took a while

[11:54] {cujo} out for scalp though....

[11:54] {Threei}  that's fine

[11:54] {Threei}  we got big trade out of it

[11:54] {Threei}  no need to be a hero now

[11:55] {cujo} yeah, bonus play

[11:55] {Threei}  exactly, icing on a cake

[11:55] {dino} bear markets we wait

[12:01] {Threei}  CYTX interesting strength

[12:02] {Threei}  moves on stem cells hype

[12:10] {Threei}  CAT starts looking like there is more in the store

[12:11] {Threei}  this slooooow slide

[12:14] {larisa} at these levels I want to wait for vol and fast selling to go for a bounce, you still think a lot of downside ?

[12:15] {Threei}  hard to tell, we are in time period when market often starts those brief moves up adn down

[12:17] {Threei}  overall, we haven't had any meaningful movement for what, couple hours now?

[12:18] {wulff} you like cytx now?

[12:18] {Threei}  I'd like it much more closer to 4

[12:19] {Threei}  CYTX is typical pre-news play

[12:19] {Threei}  executive order in works about stem cells research funding,

[12:19] {Threei}  so the names in the field get bought in dvance

[12:20] {Threei}  and will be dumped into te hands os fresh crop of buyers when actual news is out

[12:20] {Threei}  Since no one knows when it's going to happen, it's just us traders scalping each other for now

[12:21] {Threei}  Buy too high, and you may have to hold it at loss, waiting for news to hit

[12:21] {Threei}  only to get out flat at best

[12:21] {wulff} there is other fish to fry, as we say

[12:21] {Threei}  take a look at daily, see when it started its upward march?

[12:22] {Threei}  mid November... tells you something? :)

[12:24] {larisa} something in japanese, not sure what it is

[12:24] {nemo} larisa, what are you talking about?

[12:25] {larisa} nobody answered vad, i felt sorry for him, made funny joke, nobody understood, vad feels sorry for me now :) 

[12:26] {Threei}  not really, I aam not that sensitive

06[12:26] * larisa slaps Threei around a bit with a large trout

[12:26] {nemo} Yeah, just ask his wife

[12:26] {Threei}  sorry about that {G}

[12:35] {cujo} going for a run.  Back in a few.

[12:37] {Threei}  DRYS

[12:37] {Threei}  NORDEA BANK EXEC: DRYS IS MOVING IN THE RIGHT DIRECTION, DOING WELL FOLLOWING RENEGOTIATION OF LOAN - INTERVIEW

[12:37] {Threei}  - Reminder: Back on 2/09 DRYS signed a preliminary agreement with Nordea Bank for a covenant waiver on its $800M prime lead facility

[12:37] {hawkfan4} so...down is the right direction?

[12:37] {Threei}  lol, that was my thought as well

[12:37] {hawkfan4} :)

[12:38] {Threei}  if they consider it right direction and push further...

[12:38] {wulff} stepping out for a while, feel free to rally while I am gone

[12:38] {Threei}  ok... let's find a trade, quick

[12:38] {Threei}  while cujo and wulff are out

[12:40] {dino}     spike

[12:44] {dino} short lived

[12:45] {Threei}  yeah but some life seems to appear in the market

[12:48] {Threei}  watch RIMM

[12:48] {Threei}  if we get fast spike in the market, RIMM break of .50 should give a trade

[12:52] {Threei}  feels like little spike is coming

[12:55] {Threei}  here it is

[12:55] {magoo} in aggress .41

[12:55] {Threei}  lol, me too

[12:55] {magoo} scary

[12:56] {Threei}  not really, it held above .35 before tagging .40 break

[12:56] {Threei}  so worst case scenario your stop is under .30

[12:56] {Threei}  unless you bought 5K shares, what's 12 cents stop

[12:56] {magoo} i meant us thinking alike

[12:56] {Threei}  oh

[12:56] {Threei}  yeah, disturbing

[12:58] {dino} out rimm .50, +.40

[12:58] {Threei}  nice

[12:58] {Threei}  lol, look at this:

[12:58] {Threei}  SLE CEO: FIGHTING UNEXPECTED HEADWINDS

[12:58] {Threei}  unexpected??

[12:58] {Threei}  where was he last year or so?

[12:58] {larisa} liked your entry dino, perfect support with tight stop

[12:59] {Threei}  yup, thing of beauty

[12:59] {magoo} yeah he nailed it

[13:00] {Threei}  FEB NAHB HOUSING MARKET INDEX: 9 V 8E

[13:00] {Threei}  wow... silver lining?

[13:01] {dino} ty larisa

[13:03] {nemo} Coax RIMM, would ya' Vad?

[13:04] {Threei}  with .50 entry? or .40?

[13:04] {nemo} latter

[13:04] {nemo} err...former

[13:04] {Threei}  I'd keep stop under .35

[13:04] {magoo} i scalped out

[13:04] {nemo} yep.

[13:04] {Threei}  with .40, it was already above 1:1

[13:04] {magoo} didnt like mkt pullbk

[13:05] {KSystems} wb elepet

[13:05] {KSystems} can you spare a minute for dcc?

[13:05] {Threei}  market new wave of seasickness

[13:05] {magoo} careful here

[13:05] {nemo} stopped -.14 

[13:07] {Threei}  why did we ever bother to cover CAT?

[13:08] {magoo} u mad us do it he he

[13:12] {cujo} back from the run

[13:13] {dino} brb

[13:19] {Threei}  FAS is bottomless... doesn't look like market believe in salvation of financials

[13:20] {nemo} Put in an order for $2

[13:20] {magoo} faz is topless lol

[13:21] {Threei}  what a couple

[13:22] {nemo} So, now that FAS is declared dead, does that mean we should go long?

[13:22] {Threei}  declrared by whom?

[13:22] {nemo} well, falling..."bottomless"

[13:23] {Threei}  yeah but didn't fall ultimately yet and hasn't reached that non-existing bottom

[13:23] {Threei}  it's just sliding down slowly, no slightest indication of reversal

[13:26] {Threei}  look at CEDC... people don't even want vodka anymore

[13:27] {elepet} hello. internet here is off and on and haven't been paying attention. just noticed message from KSystems. I don't know how to dcc.

[13:27] {Threei}  IAEA'S EL BARADEI: IRAN REMAINS UNCOOPERATIVE WITH REGARDS TO RESOLVING QUESTIONS IN NUCLEAR PROGRAM

[13:27] {Threei}  you should have a message from him elepet

[13:27] {nemo} so what's changed over the last 7 years with IRAN?

[13:28] {elepet} that is the message..to dcc him.

[13:28] {Threei}  look for a button with his name on it

[13:28] {magoo} GS just pummeled

[13:28] {Threei}  click on it to get into private chat window

[13:29] {Threei}  WHITE HOUSE: IMPORTANT TO HAVE A 'STRONG AND VIABLE' AUTO INDUSTRY

[13:29] {Threei}  {GM F}

[13:29] {Threei}  ugh magoo

[13:29] {Threei}  white house leaves us both in the dust as far as stating the obvious goes

[13:29] {Threei}  - spokesperson says will not make a judgement ahead of time on whether a govt backed bankruptcy option is needed for the auto industry

[13:32] {Threei}  BOE'S BESLEY: HARD TO KNOW HOW BIG A SPUR STIMULUS WILL BE FOR THE ECONOMY; FISCAL STIMULUS PACKAGES ARE NEEDED WORLDWIDE

[13:32] {Threei}  how come whole world suddenly went keynesian??

[13:33] {nemo} Because it's handout based and big government

[13:33] {dino} obviously it is as nobody will loan auto industry money

[13:34] {dino} pre-packaged should have happened in dec., just wasted billions more

[13:34] {magoo} wopw spike

[13:35] {Threei}  out of nowhere

[13:35] {Threei}  this is exactly kind of things that keep me at bay for now

[13:36] {Threei}  no news, no technicals

[13:36] {Threei}  just spike

[13:37] {magoo} spikearolla

[13:39] {Threei}  watch FAS for dive under .30 for a long scalp with stop under .20

[13:43] {Threei}  didn't give a chance for entry

[13:44] {magoo} rimm slow to respond to spike

[13:45] {Threei}  RIMM SEC CHARGES CO. AND 4 SENIOR EXECUTIVES WITH OPTION BACKDATING

[13:46] {nemo} HA!  Guess we were contrarian indicators on FAS  [13:22] {nemo} So, now that FAS is declared dead, does that mean we should go long?

[13:50] {dino}  good thinking nemo

[13:50] {nemo} No one has ever accused me of that!

[13:50] {hawkfan4} lol

[13:52] {Threei} Long Setup:  SQNM  .36 half lot if stays above .20

[13:55] {larisa} vad, when you post news without stamp, is it always current? 

[13:55] {Threei}  yes

[13:55] {larisa} was nice alert on RIMM, did not know if it just out or not

[13:56] {larisa} ok, thanks

[13:56] {Threei}  if it's old I post with date/stamp

[13:56] {larisa} i see

[13:56] {nemo} old like us, Vad?

[13:56] {Threei}  and add "news earlier" unless I forget

[13:56] {Threei}  which is often the case

[13:56] {Threei}  RIMM crossed the wire at 13:44

[13:58] {fernp} my esignal crashed. triggered SQNM?

[13:59] {nemo} no fern

[13:59] {cujo} nope

[13:59] {Threei}  no

[13:59] {fernp} ty

[13:59] {Threei}  still hanging there

[14:03] {cujo} in .36

[14:04] {Threei}  with this low on pullback, stop strictly speaking can be located under .25... higher odds of shakeout

[14:04] {Threei}  let's do a compromises: if it tags .40, let's trail to under .25

[14:04] {_bobv} hi guys

[14:04] {Threei}  hi bobv

[14:05] {Threei}  trailed

[14:06] {dino} rimm sm l .90, risky

[14:07] {Threei}  coming into 1:1

[14:09] {Threei}  a few min ago:

[14:09] {Threei}  RIMM

[14:09] {Threei}  CONFIRMS SETTLEMENT WITH THE SEC

[14:09] {Threei}  - RIM and four of its officers, Jim Balsillie, Mike Lazaridis, Dennis Kavelman and Angelo Loberto, have entered into settlements with the SEC that resolve the previously-disclosed SEC investigation of RIM''s historical stock option granting practices. RIM previously disclosed a management-initiated, voluntary review of its historical stock option granting practices that had commenced in 2006 and had been self-reported to the SEC and the Ontario Securities Commission

[14:09] {Threei}  - In the settlement with the SEC that was filed today, RIM consented, without admitting or denying allegations in a complaint filed by the SEC

[14:09] {Threei}  (GE) GERMAN GOVT HAS REPORTEDLY REACHED AN AGREEMENT TO PERMIT NATIONALIZATION OF CERTAIN BANKS - UNCONFIRMED REPORT

[14:09] {nemo} Ask K

[14:09] {Threei}  hello comrades

[14:09] {Threei}  comrade ksystems

[14:10] {nemo} comrade, brother, friend

[14:10] {Threei}  where is comrade fernp

[14:10] {nemo} I don't know Comrade Vad

[14:11] {Threei}  who else is from Europe, raise your hands... we will follow your steps very soon

[14:11] {Threei}  so might as well start practicing now

[14:11] {nemo} All for the Rodina!

[14:14] {Threei}  SQNM went 2 cents shy of 1:1

[14:14] {Threei}  if you haven't sold any, trail stop to under .30

[14:14] {Threei}  no need to risk anything more than a few cents anymore

[14:21] {magoo} vad..is there news GS? 

[14:21] {Threei}  no

[14:22] {magoo} ty

[14:22] {Threei}  US FTC NOMINEE VARNEY: GOOG IS A 'MSFT TYPE' MONOPOLIST

[14:22] {Threei}  uhhu

[14:23] {nemo} How's that?  Just because yahoo can't get their feces assembled?

[14:23] {Threei}  eqzaktly

[14:23] {nemo} It's not like they own the operating system.  What an IDIOT!

[14:23] {Threei}  Atlas Shrugged... almost page by page, line by line

[14:24] {Threei}  "but GOOG must give others a chance"

[14:24] {nemo} Yeah, she was a little over the top, but she was a pretty good judge of where the revolution was going, that's why she left.

[14:24] {larisa} comrade GOOG

[14:24] {nemo} Fountainhead was great too

[14:30] {cujo} Vad, 29.10 break on CAT?

[14:31] {Threei}  I don't have read on it here

[14:35] {magoo} vad, any news aapl?

[14:35] {Threei}  no

[14:35] {Threei}  why?

[14:35] {magoo} im just looking for candidates if mkt revcersed hard up

[14:35] {Threei}  I don't see it doing anything

[14:36] {larisa} lol

[14:37] {larisa} market hopes Obama will say something nice ?

[14:38] {Threei}  hmmm

[14:38] {magoo} well..i took .21 

[14:41] {Threei}  uncharacteristically narrow market today

[14:42] {magoo} out mkt ruined it

[14:42] {magoo} mad .50 area tho

[14:42] {Threei}  after two morning trades all we go was couple scalps, and one either small scalp or small stop depending you type of entry

[14:42] {Threei}  go = got

[14:43] {Threei}  not that I am unhappy about this performance, but it's getting hard to keep eyelids open

[14:43] {nemo} Two shifts 9:30-11:00 Nap   2:00-4:00

[14:43] {cujo} yeah, that afternoon run helped. 

[14:44] {cujo} still shaking off sleep....

[14:44] {Threei}  shaking off sleep AFTER run?

[14:44] {Threei}  my kind of running

[14:44] {cujo} ha ha

[14:44] {larisa} any news HIG vad {in best magoo voice}

[14:45] {dino} smoke 'em if you got 'em, out rimm .45, +.55

[14:45] {cujo} nice

[14:45] {larisa} gj

[14:45] {Threei}  no but there was news on PRU which is affecting HIG:

[14:45] {Threei}  S&P LOWERS RATING TO A FROM A+; OUTLOOK NEGATIVE

[14:45] {dino} ty

[14:45] {larisa} thanks

[14:47] {Threei}  solemn signing of the bill if coming up

[14:47] {nemo} and FAZ is climbing...heheheh

[14:49] {nemo} The government should send us each a jar of vaseline

[14:50] {dino} probably cheaper to just mail $50k to everybody, rather than this joker plan

[14:50] {hawkfan4} i vote for dino's plan

[14:51] {nemo} You're more likely to get the vaseline

[14:51] {dino} no, they want it to hurt

[14:51] {nemo} Then they

[14:51] {nemo} send the #60 grit

[14:55] {larisa} so many angry people on TV. My friend in Russia owns TV station, his advice always : watch as little TV as you can :)  

[14:56] {larisa} addicted to it though

[14:56] {Threei}  me too... TV sound helps me fall asleep

[14:59] {Threei}  FAS is back into low

[15:00] {Threei}  feels like reakdown is coming

[15:00] {Threei}  breakdown

[15:01] {Threei}  as guys on TV praise solars, FSLR is -10 with change and trades at low

[15:02] {Threei}  I see no single green solar

[15:02] {cosmo} GERN steady

[15:03] {cosmo} photosynthsis should be simple  ....plants can do it for free

[15:04] {Threei}  new low FAS

[15:05] {Threei}  http://www.namastesolar.com/

[15:05] {Threei}  The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later.

[15:05] {nemo} wonder how much of today was fallout from the Japanese GDP report?

[15:06] {nemo} buddhist solar company...sheesh

[15:09] {larisa} they are installers, not manufacturers ?? :) 45 owner-employees company

[15:10] {cosmo} and they're napping now....

[15:10] {cujo} is it just me or does Obama soud like he's hostong a pep 'ally?

[15:11] {cujo} hosting

[15:11] {dino}  bingo!

[15:11] {dino} a gree, like a clueless cheerleader

[15:11] {Threei}  someone should tell them campaign is over

[15:12] {dino} exactly, stop the b.s. trpis

[15:12] {cujo} yeah

[15:12] {nemo} whaddya' figure the collective IQ of the audience to be?

[15:12] {cosmo} 100

[15:12] {nemo} generous...aren't you

[15:12] {Threei}  hard for me with my 43, nemo

[15:12] {nemo} 43 squared-you mean

[15:13] {Threei}  my dilemma:

[15:13] {dino} markets are saying bush's way better than obama spending; as bush's way was faster and infinitely less expensive

[15:13] {Threei}  I want to short this market right now badly,

[15:13] {Threei}  but can't tell whether it's real read or just a manifestation of what I think of this bill

[15:14] {nemo} I think this is from the Japanese GDP report.  We would have gotten this yesterday

[15:14] {dino} it's all smoke and mirrors 3i, flip the coin

[15:15] {Threei}  just feels like flush is coming

[15:15] {larisa} you think there will be reaction to signature ? market voted already

[15:15] {Threei}  but I don't want to force any trade

[15:15] {Threei}  no, not really larisa

[15:15] {cujo} depends which pen he uses larisa...

[15:15] {nemo} The signing was anti-climactic to the passage in Congress

[15:16] {Threei}  there is no significance to act of signing itself

[15:16] {nemo} FAS continues to strengthen

[15:16] {dino} yeah, the typical reaction....down hard

[15:16] {nemo} "Congress's 31% approval rating highest in 2 years"

[15:17] {dino} lol, i do better on the family polls

[15:17] {Threei}  really?

[15:17] {Threei}  wow

[15:18] {Threei}  out of 4 family members only cat votes for me

[15:18] {larisa} you are the one feeding her ?

[15:18] {Threei}  AAPL

[15:18] {Threei}  HEARING PIPER MAKING COMMENTS; NPD DATA CAME IN AT 'LOW END' OF EXPECTATIONS (TIMING UNCERTAIN)

[15:19] {Threei}  I am the one who gives her favorite treat in the morning... 'cause I wake up before everyone else does

[15:19] {nemo} Ohoh...FAS heaed for low

[15:19] {nemo} headed

[15:19] {Threei}  AAPL sells down hard

[15:20] {nemo} this is gonna' be close

[15:20] {Threei}  WFC

[15:20] {Threei}  HEARING DEALREPORTER MAKING CAUTIOUS COMMENTS; CITES UNDERESTIMATION OF WACHOVIA'S FUTURE LOSSES

[15:20] {nemo} FAS held

[15:23] {nemo} ohoh

[15:23] {Threei}  here comes flush

[15:23] {nemo} Should we ask Mrs. Lincoln about the play?

[15:23] {larisa} why he uses different pens ? tradition ?

[15:24] {nemo} He gives pens to different people as mementos

[15:24] {larisa} sigh

[15:24] {wulff} and his finger are sticky

[15:24] {nemo} why?

[15:24] {Threei}  I feel stimulated

[15:25] {larisa} lets rally!

[15:25] {nemo} why?

[15:25] {nemo} who said th "R" word!!!

[15:25] {Threei}  oh wait... it's just magoo shared one of his favorite websites with me

[15:25] {nemo} I don't want to know

[15:25] {nemo} I'm closing my eyes

[15:26] {nemo} Not listening....

[15:27] {Threei}  what was the Nov low for DJI?

[15:27] {larisa} 7400 something

[15:27] {nemo} 68 somethin'

[15:28] {larisa} lol

[15:28] {hawkfan4} 7460

[15:28] {dino} 7449.38

[15:28] {larisa} we need dino he always knows

[15:28] {larisa} :)

[15:28] {nemo} I thought it went below 7000 intraday

[15:28] {Threei}  we are just 120 points away

[15:28] {dino} ndx 1018.86

[15:28] {dino} s/p 741.02

[15:29] {Threei}  two ways to view it:

[15:29] {Threei}  one is obvious,

[15:29] {dino} right or wrong

[15:29] {Threei}  we are so close to this magnet, we are boundf to tag and break it

[15:29] {Threei}  yes dino :)

[15:29] {Threei}  another is,

[15:29] {dino} as livermore would say, if wrong, only one thing to do...get right

[15:29] {Threei}  it's so obvious and so many are calling for it, we will turn around here and rally

[15:30] {dino} well then, giddy-up

[15:31] {magoo} man vad

[15:31] {magoo} look

[15:32] {dino} out gild .30, +.40

[15:33] {dino} all day

[15:33] {fernp} gj dino

[15:34] {dino} ty, spike helped

[15:34] {Threei}  let's try to catch this pullback

[15:34] {dino} welol, all in all, 4 for 4

[15:34] {Threei}  RIMM closer to .15 - .20

[15:35] {_bobv} jeez

[15:36] {Threei}  same for FAS

[15:36] {cosmo} GERN gonna test 6.66   

[15:37] {cosmo} hod

[15:38] {larisa} scalped 15 cents on HIG, somehow does not feel like r word

[15:38] {larisa} :(

[15:39] {magoo} very iffy here

[15:42] {Threei}  PRESIDENT OBAMA ORDERS 10,000 TROOP INCREASE FOR AFGHANISTAN

[15:43] {Threei}  get ready FAS if you are in the mood for one more play

[15:44] {larisa} nice :)

[15:44] {nemo} when it touched the Bollinger band?

[15:45] {Threei}  who took it, feel free to exit

[15:45] {Threei}  missed RIMM

[15:45] {magoo} me too

[15:45] {Threei}  hit my bounce level to the cent too

[15:46] {wulff} great call

[15:46] {Threei}  ty

[15:46] {cujo} yeah, got the fas

[15:46] {Threei}  :)

[15:46] {cujo} thanks Vad

[15:46] {Threei}  sure

[15:47] {Threei}  Ok guys, I want to quit now while we are solidly ahead

[15:47] {Threei}  one stop today?

[15:47] {Threei}  4 or 5 wins

[15:48] {Threei}  not bad for this miserable market

[15:48] {larisa} good leadership by you today :)

[15:48] {Threei}  yeah, I am reading Tao of Leadership, lol

[15:48] {hawkfan4} nice job Vad

[15:48] {cujo} yup. good day.  Catch you all tomorrow.

[15:48] {Threei}  thank you all

[15:48] {Threei}  have a good evening

[15:49] {larisa} see you

[15:49] {Threei}  see you for new bailouts tomorrow

[15:49] {vint} thanks vad

[15:49] {nemo} P&Q

[15:49] {dino} gj room

[15:54] {magoo} thanx vad

[15:54] {magoo} ty all

[15:54] {magoo} tough mkt imo..but we navigated well

[15:56] {patience} one trade hgu +1.78   bought it again before the close, will play it for as long as its got momo

[15:57] {dino} gj

[15:57] {patience} ty dino, will do some buying this week i think

[15:58] {dino} same

[15:58] {fernp} good evening everyone

[15:58] {patience} crude shorts are ready to get whacked

[15:58] {dino} we should get exp. up 200 one day this week

[16:01] {dptl} gn all

Feb 13 2009

Nice strong day. 7 calls, 6 of them wins. Got the idea of the rally right, managed to time it and get nice trade on FAS. Good way to finish the week before the long weekend.

Session Time: Fri Feb 13 00:00:00 2009

[08:12] {Threei}  Good morning

[08:13] {nemo} Well...I'll give you the morning part :)

[08:13] {Threei}  BALTIC DRY BULK INDEX FALLS 4.1%, SECOND STRAIGHT DECLINE

[08:13] {Threei}  I amnimble, I'll take it

[08:16] {magoo} morning

[08:16] {nemo} morgen

[08:17] {Threei}  magoo

[08:17] {larisa} good morning :)

[08:18] {nemo} Hi Larisa

[08:18] {larisa} nemo, threei :)

[08:18] {Threei}  larisa :)

[08:18] {Threei}  PALM had news yesterday after close

[08:19] {Threei}  02/12/09 04:16pm

[08:19] {Threei}  [QCOM] Qualcomm Inc Introduces new chipset targeting sub-$150 smartphones

[08:19] {Threei}  - Announced the new Mobile Station Modem(TM) (MSM(TM)) MSM7227(TM) chipset designed to enable high-performance, sub-$150 Smartphones.

[08:19] {Threei}  - The MSM7227 solution will offer advanced processing and rich multimedia while utilizing HSDPA/HSUPA for broadband data speeds over 3G networks. It also can support all leading mobile operating systems including Android, Symbian S60, Windows Mobile(R) and BREW(R) Mobile Platform.

[08:19] {Threei}  02/12/09 09:18pm [PALM] Macquarie Initiates PALM with buy, price target: $10

[08:19] {Threei}  06:52am [PALM] Credit Suisse Initiates PALM with Outperform, price target: $11

[08:39] {Onix} gm all

[08:39] {Threei}  onix :)

[08:41] {magoo} thoughts on PALM vad

[08:42] {Threei}  none yet... gap is gap, gotta see how it trades

[08:42] {Threei}  aside of upgrades, no real news on it came out yet

[08:43] {Threei}  whch means major deal stock moves on is still ahead

[08:43] {Threei}  and may or may not materialize

[08:43] {Threei}  look how GERN got smacked yesterday after hours

[08:43] {Threei}  those who simply kept it counting on news got hit

[08:44] {cujo} good morning

[08:44] {Threei}  cujo :)

[08:45] {magoo} ok

[08:47] {Threei}  one thing bothers me about yesterday rally

[08:47] {Threei}  it started at 15.10

[08:48] {Threei}  news that is considered to trigger it came out at 14:59

[08:48] {Threei}  11 minutes for major players capable of moving market that much to see and digest news of such magnitude?

[08:48] {Threei}  something doesn't add up here

[08:50] {Threei}  one more curious divergence:

[08:50] {Threei}  CAT is widely expected to be one of major benefitters of stimulus plan

[08:51] {Threei}  and in fact said itself as much

[08:51] {Threei}  yet no any meaningful move last days

[08:51] {Threei}  to me, looks like there is no absolute confidence in the market that the deal will pass

[08:52] {Threei}  margins are so thin, no one wants to bet

[08:52] {Threei}  it hangs on what, 3 votes?

[08:55] {Threei}  Gregg's wathdrawal doesn't help either

[08:56] {Threei}  REPORTEDLY A G7 SOURCE NOTES THE ROME COMMUNIQUE WILL INCLUDE A COMMITTMENT TO FREE TRADE

[08:56] {Threei}  - G7 members have been expressing concerns over protectionism in recent sessions

[09:00] {Threei}  GERN CONFIRMS PRCING OF 7.25M SHARE OFFERING

[09:01] {Threei}  - Pricing of an underwritten public offering of 7.25 million shares of its common stock. The offering is expected to close on February 19, 2009.

[09:01] {Threei}  - On February 12, 2009, the last reported sales price of Geron common stock on the Nasdaq Global Market was $7.77

[09:02] {fernp} Hello everybody

[09:02] {Threei}  fern :)

[09:03] {Threei}  hmmm... no pricing in the news

[09:03] {Threei}  I don't think it's 7.77

[09:09] {dino} gm all

[09:09] {Threei}  dino :)

[09:12] {magoo} i lost the icon to other other old trading room..that was how dino and i were getting into mirc, anyway to get that back?real

[09:12] {magoo} i am in bogus room yester and today

[09:12] {magoo} this driving me crazy

[09:12] {cosmo} i know the feeling

[09:12] {Threei}  go to:

[09:13] {Threei}  my computer - C - program files - mirc

[09:13] {magoo} i know im an idiot, but i gotta get this resolved

[09:13] {Threei}  find mirc.exe file,

[09:13] {Threei}  right click,

[09:13] {Threei}  create shortcut

[09:13] {Threei}  drug that shortcut to desktop

[09:13] {Threei}  and your icon will be back

[09:14] {Threei}  how do icons disappear by themselves...

[09:17] {magoo} no worky..i know we need to focus, but after trading i need someone to walk me ythru this crap

[09:18] {magoo} my system did a scan, then the icon came up"shortcut no longer there"  

[09:18] {magoo} gone

[09:19] {Threei}  but you do have mirc folder?

[09:20] {fernp} click on Star - RUN and write this mags: C:\Program Files\mIRC\mirc.exe

[09:20] {nemo} all he should have to do is highlight mirc.exe and drag it to the desktop

[09:20] {magoo} wheres Star/

[09:21] {ese} password recognizsed....you are now acceptted......good morning

[09:21] {fernp} star = start

[09:21] {magoo} did anyone use the other download successfully?

[09:21] {Threei}  ese :)

[09:21] {magoo} i had troubles with that

[09:22] {magoo} say i never had old room, there was other download

[09:23] {dptl} good morning all

[09:23] {Threei}  dp :)

[09:23] {Threei}  mags... what doesn't work when you do what I described?

[09:24] {magoo} femp..is your slash correct "/"

[09:25] {magoo} where the reverse slash

[09:25] {magoo} its not in there

[09:25] {magoo} vad

[09:25] {Threei}  you don't have mirc folder?

[09:25] {ese} anything sticking out premarket

[09:26] {magoo} lets trade but MAN..io need assistance

[09:26] {magoo} is there a reverse slash????

[09:26] {Threei}  watching PALM, ese... also HIG, FAS, RIMM, CAT

[09:26] {magoo} shit found ittttttttttttttttttt

[09:26] {magoo} lets trade

[09:26] {magoo} make $$$

[09:26] {Threei}  lol

[09:27] {nemo} any crissake trade on RIMM this mornin'?

[09:27] {magoo} if u knew my personality this crap drives me nuts..about ready to smash keyboard

[09:27] {ese} by the way.....exited  QQQQ at .51 yesterday + .51 on a full lot

[09:27] {vint} looks like there is downgrade on RIMM by credit su..

[09:27] {magoo} and dino worse than me...couldnt find reverse slash either

06[09:28] * Threei is really glad he doesn't know magoo's personality

[09:28] {pita} morning all, I'm with magoo, make $$$

[09:28] {dino} nice timing huh vint

[09:28] {Threei}  pita :)

[09:30] {Threei}  RIMM .50 break long half lot

[09:30] {cosmo} SVNT: # FDA extends review time for gout drugAP(Thu 8:39pm)

[09:30] {Threei}  stop under .35

[09:30] {fernp} the slash is correct mags...

[09:31] {nemo} whoa!

[09:31] {nemo} blew right by

[09:31] {Threei}  over 1:1

[09:31] {Threei}  over 1:2, I am out

[09:32] {tomg} out ty vad

[09:32] {cujo} thanks Vad

[09:32] {Threei}  :)

[09:32] {Onix} out ty Vad

[09:32] {buyemsellem} nice thanks

[09:32] {Threei}  welcome guys

[09:32] {pita} I blinked

[09:32] {nemo} look at FS

[09:32] {nemo} fas

[09:32] {Threei}  blinking is prohibited on RIMM{ especially at the open

[09:33] {pita} I see that - reload?

[09:33] {magoo} no kidding..went for coffee..u called trade..missed it

[09:33] {nemo} I gotta' get reading glasses

[09:33] {Threei}  no reload on RIMM for now

[09:33] {dino} lol nemo, bought a pair last night

[09:37] {magoo} mkts losing it a biyt

[09:39] {wulff} PALM

[09:39] {wulff} whatever...

[09:39] {Threei}  lol

[09:40] {Threei}  it got couple upgrades wulff

[09:40] {magoo} one too 11

[09:40] {Threei}  PREVIEW: FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET

[09:40] {Threei}  **consensus expectation: 60.2e v 61.2 prior

[09:40] {Threei}  - analyst estimates range between 56.5 to 64

[09:40] {wulff} got what i needed for now

[09:42] {Threei} Long Setup:  HIG  ..41 if holding above .30

[09:42] {nemo} gone already

[09:43] {magoo} quotes sticking here..anyone else?

[09:43] {Threei}  OK here

[09:43] {pita} yes cannot read qqqq

[09:43] {magoo} are u laser pita?

[09:44] {nemo} you need that neural implant vad...although might get too much unfiltered info

[09:44] {Threei}  Qs 30.45

[09:45] {pita} Yes laser - some charts ok others not

[09:45] {pita} shut it down and restart has fixed

[09:45] {magoo} cause was wondering if its on there side or mine

[09:45] {Threei}  pita, can you give me symbol on a wrong chart?

[09:46] {pita} ???

[09:46] {Threei}  ok... btw you can often fix it without shutting down, just switch a quote server

[09:46] {Threei}  or chart server

[09:46] {pita} tried that - no worky

[09:47] {magoo} which quiote srver u on vad/

[09:47] {Threei}  3

[09:47] {magoo} ty

[09:47] {Threei}  HIG looks salmonish

[09:47] {nemo} FAS is moving up high with it

[09:48] {wulff} and salmonish is?

[09:49] {nemo} against the current

[09:49] {wulff} ah

[09:50] {Threei}  half out HIG .57

[09:50] {Threei}  stop to .35

[09:52] {Threei}  I found new trading pattern

[09:53] {Threei}  every time new bad news come out on economy as a whole, CEDC goes up

[09:53] {Threei}  which is not a surprize when you look at its product

[09:53] {Threei}  before you waste your time looking at the charts, it's a joke

[09:54] {dino} lol

[09:54] {Threei}  cat

[09:55] {dino} stepping back

[09:55] {Threei}  FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: ##56.2 V 60.2E

[09:55] {Threei}  lol

[09:55] {Threei}  big surprise eh

[09:55] {dino} 48 was rimm bottom yesterday

[09:55] {dino} watching

[09:56] {Threei} Long Setup:  CAT  .26 if holding above .15

[09:56] {dino} 47 wmt, 55.65ish mcd, fwiw

[09:58] {magoo} in cat

[09:58] {Threei}  over 1:1, half out, scalpers are scalpers

[09:59] {Threei}  HIG balance stop to under .40

[10:00] {Threei}  CAT balance stop to under .20

[10:00] {dino} wmt sm l .20

[10:00] {magoo} out cat..i am what i am..ty boss

[10:00] {Threei}  (US) FED: EXPANDS FOMC MEETINGS FROM TO TWO DAYS FROM ONE

[10:01] {Threei}  hmm?

[10:01] {Threei}  welcome mags

[10:02] {Threei}  CAT balance stop to under b/e

[10:02] {dino} emr sm l .50

[10:04] {Threei}  options at this point:

[10:04] {Threei}  take full profit on the next spike on both, HIG and CAT

[10:04] {Threei}  or 1/4 more out and leave them trade

[10:05] {Threei}  here is HIG spike

[10:05] {Threei}  1/4 more out .71

[10:05] {wulff} 1.0 on PCLN small

[10:05] {Threei}  stop to under .50

[10:06] {Onix} ty Vad, got some in HIG

[10:06] {Threei}  :)

[10:06] {vint} cat out .42

[10:07] {Threei}  out HIG in full .90

[10:07] {Threei}  +.50 for chrissake

[10:07] {dino} gj

[10:07] {Threei}  ty'

[10:07] {dawg} wtg Vad

[10:08] {Threei}  wow, top-ticked it

[10:08] {Threei}  CAT balance stop to under .30

[10:10] {Threei}  SCLN is strong for some reason

[10:11] {Threei}  noplay there, it's just a sentimental stock for me

[10:11] {Threei}  first I ever bought

[10:11] {Threei}  back in 1996

[10:11] {Threei}  it hunted down some ill mouse and cured it

[10:11] {dino} softie

[10:12] {Threei}  I was impressed, bought it and lost money

[10:12] {larisa} lol

[10:12] {larisa} sorry :)

[10:12] {Threei}  nah :)

[10:12] {Threei}  it's rather funny now to remember what a sucker I was

[10:14] {magoo} i nhavre like no quotes here

[10:15] {joeys} possible cup and handle developing on hig?

[10:15] {joeys} on 2 ion

[10:15] {dino} magoo has pissed off the trading gods

[10:15] {joeys} on 2 min

[10:17] {Threei}  would be much cleaner formation if continued up instead of these two red bars, joyes

[10:17] {joeys} talked too soon

[10:17] {Threei}  no, it was in a process of shaping up when you asked

[10:17] {Threei}  just got ruined

[10:18] {joeys} exactly

[10:19] {Threei}  OK, 3 for 3 so far

[10:19] {magoo} am gonna smash everything i have here

[10:19] {Threei}  dino, you maintaining safe distance from magoo?

[10:21] {magoo} ive tried every server

[10:21] {Threei}  quotes are fine here mags

[10:22] {larisa} designer handle on HIG's cup :)

[10:22] {magoo} i know i know..makes me even madder

[10:22] {Threei}  lol... that one creative designer

[10:23] {Threei}  what is he, working on tableware for aliens?

[10:24] {larisa} just bringing beautiful things into this ugly world

06[10:25] * Threei is going to watch Alien tonight to understand larisa's criteria of beauty

[10:25] {Threei}  RIMM's weakness is remarkable

[10:26] {ese} bstop QQQQ .61 full lot

[10:28] {Threei}  larisa facing her favorite alien:

[10:28] {Threei}  http://www.imdb.com/media/rm1331927296/tt0090605

[10:29] {larisa} Sigurni looks like me ? men..

[10:30] {Threei}  ok guys... if my feeling of what is going to happen today is right,

[10:31] {dino} lol

[10:31] {Threei}  we need to start looking for longs

[10:31] {Threei}  my usual candidate would be RIMM, but something is not right about it today

[10:32] {vint} it is downgraded, right?

[10:32] {magoo} im gonna do new download..maybe thats it

[10:32] {magoo} brb

[10:32] {nemo} yeah, that means buy

[10:33] {Threei}  yes vint

[10:33] {ese} long qqqq .61

[10:33] {wulff} long aapl .04

[10:34] {Threei} Long Setup:  ADBE  .21 if stays above .10

[10:34] {hawkfan4} HIG a 1 min cup/handle asc tri break over 12.90

[10:35] {Threei}  IMO... we are on a verge of a big 'ally starting

[10:36] {Threei}  the only p'oblem is possible shakeouts befo'e all hell breaks lose

[10:36] {ese} out qqqq .75

[10:37] {ese} +.24

[10:37] {dino} you stuttering?

[10:37] {dino} gj es

[10:38] {ese} definately stutering

[10:38] {ese} have so much on the go these days that the q's are about the only thing i can concentrate on

[10:39] {dino} i was talking to vad

[10:39] {Threei}  your yesterday's Qs entry was right on ese

[10:39] {cosmo} HIG needs 13

[10:39] {larisa} why do you think rally, threei? We broke all important supports, but did not test ultimate lows. Just a feeling ?

[10:39] {Threei}  no dino, I am just under strict p'ohibition by larisa to say 'ally

[10:39] {larisa} lol

[10:39] {ese} ya vad ...that worked really well

[10:39] {dino} what is w/ `

[10:40] {cosmo} la'isa .... you mean

[10:40] {dino} oh, no i get it, slow today

[10:40] {Threei}  'ight

[10:40] {Threei}  lol dino

[10:40] {wulff} you in adbe vad?

[10:40] {Threei}  not enough CEDC I guess

[10:40] {Threei}  it triggered... why wouldn't I

[10:40] {Threei}  1:1 btw

[10:41] {Threei}  half out

[10:41] {Threei}  larisa, I am not ingoring your question

[10:41] {Threei}  I am trying to put it in words

[10:41] {ese} man can't add...it's + .14 not 24 sheeesh......what was that that I said about concentration

[10:42] {Threei}  I noticed that ese... but didn't want to go into any math arguments, I always lose those

[10:42] {magoo} back

[10:42] {larisa} ty, i am just interested in your tought train

[10:43] {Threei}  I am flattered that you think I have thoughts... but somewhat disturbed that you considered them "tought"

[10:43] {larisa} sigh

[10:43] {magoo} download seems SEEMS to have worked

[10:44] {dino} alrighty then magoo, grab some brews now that trouble is past

[10:44] {dino} opps, it's only 10:45 check that

[10:44] {magoo} on it dino..u dont gotta ask twice

[10:44] {nemo} Magoo, you don't drink before lunch, do ya'?

[10:45] {Threei}  OK, I am not sure it will be comprehensible enough

[10:45] {magoo} its lunch somewhere in the world right now im sure

[10:45] {cosmo} its lunch everywhere...

[10:45] {nemo} Yeah, that's usually my answer/rationalization too

[10:45] {Threei}  we havce long weekend ahead,

[10:46] {nemo} whoa, that means three hangovers...oy

[10:46] {Threei}  with big piece of legislation hanging by the fingertips

[10:46] {ese} back long Q's .69

[10:46] {Threei}  normal reaction by normal people is,

[10:46] {Threei}  to get out and wait to see what happens

[10:47] {nemo} Did you see where congress put up pdf images of the legislation instead of html files so you can't search it?

[10:47] {Threei}  Did market ever reward normal thinking?

[10:47] {vint} vad- DRYS is crawling upwards

[10:47] {ese} 1/2 jst in case it retreats more

[10:47] {Threei}  I don't know vint... it's seriously damaged

[10:47] {ese} if not i'll be full lot at .76

[10:47] {magoo} thank god mkt doesnt or entire room would be f'ed lol

[10:48] {vint} k,got it

[10:48] {ese} retreating 

[10:48] {magoo} turn into all day project vint imo

[10:48] {Threei}  yesterday was quite indicative

[10:48] {ese} will add the other around .60 or so

[10:48] {magoo} it was the classic cramer indicator vad

[10:49] {Threei}  just when it seemed we are destined to drop couple hundred points, markety staged stunning rally

[10:49] {dino} rimm breakdown

[10:49] {Threei}  and I am still not sure that WH announcement was not just picked as a lame excuse

[10:50] {Threei}  in short, it feels to me, market has set up big trap for bears

[10:50] {Threei}  and it's ready to trigger

[10:50] {cosmo} t'igger

[10:51] {nemo} Pooh?

[10:51] {Threei}  co''ect

[10:51] {larisa} see, for me normal is : market will rally on stimulus, jump on it :) may be i am not normal myself . THank you for explanation

[10:51] {Threei}  when you say rally on stimulus,

[10:51] {Threei}  you mean after it's passed?

[10:51] {larisa} sure, and it will 995

[10:51] {larisa} 99%

[10:52] {Threei}  well... more market-like behavior would be to rally before the passage

[10:52] {cosmo} as you are coming on to it... i thought

[10:52] {Threei}  and drop after, trapping late buyers

[10:52] {Threei}  just as it did with TARP I

[10:53] {Threei}  that it doesn't happen complicates the picture

[10:53] {Threei}  too many factors in play... PR disaster with TARP II upset the normal way

[10:53] {Threei}  no full confidence in passage

[10:54] {Threei}  plus, serious doubts whether the bill itself is as beneficial as administration says it is

[10:54] {magoo} vad u said r word 10:51 bro..u gonna kill it

[10:55] {Threei}  btw, ADBE stop is trailed

[10:55] {Threei}  larisa said it first mags

[10:56] {Threei}  [10:51] {larisa} see, for me normal is : market will rally

[10:56] {magoo} two wrongs dont make a right

[10:56] {cujo} 3 lefts do...

[10:56] {Threei}  they don't???

[10:56] {magoo} but 2 lefts i guess would make a right

[10:56] {magoo} confusing

[10:56] {Threei}  my whole world is crashing...

[10:56] {cujo} 2 lefts turn you around....

[10:56] {larisa} dino, thanks for RIMM alert, scalped breakdown

[10:57] {larisa} vad, ty for CAT call earlier, scalped it too :)  { to be fair}

[10:57] {Threei}  welcome but don't worry... unfair is fine with me

[10:57] {larisa} good :)

[10:58] {cosmo} sounds fair

[10:58] {ese} q's full..... avg .72 and whatever that goofy fraction is

[10:58] {Threei}  world works thank to unfair

[10:58] {vint} Vad- how much is trail stop for ADBE?

[10:59] {Threei}  to under .20 to be strict... to .15 to give it a little room

[10:59] {vint} I've .10 = atr

[10:59] {vint} k, got it

[10:59] {Threei}  hmm?

[10:59] {Threei}  what does atr have to do with it?

[11:00] {Threei}  you set or trail stops based on it?

[11:00] {vint} actually yes..and i get stopped out frequently

[11:00] {Threei}  no way

[11:01] {Threei}  this is mistaken way to approach it

[11:01] {buyemsellem} what is ATR?

[11:01] {Threei}  average true range

[11:01] {vint} Vad- how do u approach TS?

[11:02] {Threei}  what's TS?

[11:02] {larisa} lol

[11:02] {vint} trail stop, sorry

[11:02] {ese} ack ackka dak...............dak ackka  ack       magic words...from bugs bunny 

[11:02] {Threei}  ok

[11:03] {ese} suppose to help my stock go up vad...

[11:03] {Threei}  http://www.realitytrader.com/blog/2007/04/stops-why-and-how.html

[11:03] {Threei}  http://www.realitytrader.com/blog/2007/05/stops-deeper-look.html

[11:03] {ese} it may or may not work.......

[11:04] {dino} rimm interesting es

[11:04] {ese} in trial stages with those workds

[11:04] {vint} thanks vad

[11:04] {ese} words

[11:04] {Threei}  those couple artuicles describe the concept

[11:04] {ese} tks will check that out

[11:05] {ese} what are ya thinkin dino

[11:07] {magoo} chridssakes trade..hitt rimm off dino .54 out .86

[11:07] {dino} think i was too low at .25\

[11:07] {ese} rimm would have made nice bounce dino

[11:07] {Threei}  nice

[11:07] {dino} now thinking retest of .50 area

[11:07] {magoo} u dedicate a blog yet?

[11:07] {magoo} too fast to call

[11:08] {magoo} less than 2 minutes

[11:10] {magoo} like aapl long

[11:10] {magoo} risky

[11:11] {wulff} allready there

[11:11] {magoo} needs mkt

[11:12] {wulff} im waiting

[11:12] {wulff} or it is the market

[11:14] {cosmo} HIG needs to hold 12.70    imho

[11:15] {magoo} mkt killed aapl

[11:15] {wulff} yup. 

[11:16] {ese} q's stopped .59

[11:16] {ese} -.12 approx

[11:21] {nemo} dcc Vad

[11:31] {dino} vz sm l .75

[11:32] {dino} atmi spike

[11:37] {magoo} feels like mkts powering up as vad mentioned

[11:37] {magoo} someone wake vad

[11:40] {dino} please don't

[11:40] {magoo} ya gotta kick the russian bear to wake him

[11:40] {wulff} scalped HIG

[11:42] {wulff} none too soon

[11:47] {Threei} Long Setup:  RIMM  .15 half lot if stays above 48

[11:55] {Threei}  yawn

[11:59] {larisa} 3.5 days weekend is better than 3, see you tuesday guys :) still think no rally, but hope we will get one :) 

[11:59] {Threei}  have a good one larisa

[11:59] {larisa} you too

[12:04] {magoo} bye larisa

[12:04] {Threei}  US HOUSE SPEAKER PELOSI: VIABILITY PLANS FOR AUTOMAKERS NEED TO ASSES LONG TERM VIABILITY AND FORECAST MARKET SIZE

[12:05] {nemo} "ASSES"

[12:05] {Threei}  don'tshoot the messenger...

[12:05] {nemo} just assking

[12:06] {Threei}  there is some incredibly irritating quality about that woman...

[12:06] {KSystems} no trading at all on monday?

[12:06] {magoo} agree

[12:06] {nemo} can't understand normal thinking

[12:07] {Threei}  no ks

[12:07] {KSystems} damn

[12:07] {magoo} cant spell either lol

[12:09] {magoo} rimm

[12:15] {magoo} in

[12:16] {Threei}  why not wait for pullback first... we have no serious strength anywhere yet

[12:23] {magoo} thought i saw strength actually

[12:24] {magoo} aapl was moving up

[12:24] {Threei}  just a little bounce within BBs at the moment... notthing earth9shuttering

[12:24] {Threei}  not really breakout conditions

[12:25] {nemo} still got the 'ally feeling, vad?

[12:25] {magoo} u are correct..just andswering yourv?

[12:25] {Threei}  yes... sneaky one

[12:25] {nemo} fits your nature

[12:25] {Threei}  plenty of shakeouts before real deal starts

[12:25] {Threei}  just as yesteday

[12:28] {dino}  pcln

[12:33] {pita} gotta go - happy hunting...

[12:33] {Threei}  have a good long weekend pita

[12:33] {magoo} man.whole room cuting out vad

[12:33] {magoo} bye pita

[12:44] {Threei}  CAT

[12:44] {Threei}  ISSUES CEO STATEMENT ON US STIMULUS PACKAGE, AGREES WILL BE BENEFICIAL TO ECONOMY, CAT PRODUCTS

[12:44] {Threei}  - CEO" "As I indicated yesterday, the President and I fundamentally agree that the U.S. stimulus package will be beneficial to the U.S. economy and should spur demand for the types of products made by Caterpillar. The passage of significant stimulus packages in the United States and abroad would help move the global economy toward a recovery, and if these packages are enacted quickly, they could stimulate demand for our products that would likely, over time, provide Caterpillar the opportunity to recall employees who have been laid off during this downturn. We know this won''t happen overnight, but I am confident that swift passage of the stimulus will lay the important groundwork to rebuild our workforce,"

[12:45] {magoo} 78 down..its time.....this mkt blows

[12:46] {Threei}  I am about to cry here... 4 calls, 4 wins

[12:46] {Threei}  what is it you expect?? :)

[12:46] {nemo} 4 calls......an hour

[12:46] {Threei}  suffering comes from expectations that are not grounded in reality

[12:47] {nemo} crissakes it's still lunchtime

[12:47] {nemo} speaking of RIMM?

[12:47] {ese} mags.....your my market indicator man!!!!!

[12:47] {ese} I always wait for your calls

[12:48] {ese} I'm selling everything right now indiscriminatly!!!!

06[12:49] * Threei slaps magoo around a bit with a large list of correct expectations

[12:50] {dino} magoo is trademarking that

[12:51] {nemo} you can't trademark it...you can copyright it though.

[12:52] {dino} tough crowd

[12:52] {nemo} Go to Cambridge if you want sympathy

[12:52] {Threei}  just heavy eyelids dino

[12:54] {Threei}  noises from Washington show that bill is going to be a real squeaker

[12:54] {Threei}  see CAT?

[13:09] {dino} gaparino complaining about gs meeting this week. guys' an idiot, like investment bankers are not supposed to have "private" meetings, invitation only

[13:10] {Threei}  nah... cameras must be everywhere

[13:10] {dino} getting the spitzer complex

[13:10] {Threei}  and mikes

[13:10] {Threei}  you sneeze - public has right to know

[13:10] {dino} have to get hank greenberg to set up the hooker sting

[13:12] {Threei}  US OFFICIAL: US MAY ADJUST DEVELOPMENT OF MISSILE SHIELD IF RUSSIA ASSISTS NEGOTIATIONS WITH IRAN

[13:14] {buyemsellem} hmm, what would the adjustment be...leave a window open for missiles from Russia?

[13:14] {dino} not armimng them, lol

[13:15] {Threei}  Kennedy is out, so bill is hanging on exat number of votes

[13:15] {Threei}  any single vote nay among those who are expected to vote yay, and it's failed

[13:16] {Threei}  this is what spookes the market, IMO

[13:17] {nemo} are they voting now?

[13:17] {Threei}  no, talking

[13:17] {Threei}  expected later today

[13:17] {cujo} they are always talking, just never saying much.

[13:17] {nemo} then the market would seem unlikely to do anything until the vote...caveats included

[13:18] {Threei}  enormous pressure on those 3 reps, plus some of dems are complaining they haven't had enough time to read it through

[13:18] {magoo} mkt spike

[13:18] {Threei}  ok, let's watch if this is it

[13:18] {cujo} something happening

[13:18] {Threei}  shallow pullback anfd another spike will be a good signal

[13:18] {Threei}  that's how it started yesterday

[13:21] {Threei}  FAS .16 long

[13:21] {Threei}  HIG .50 long

[13:22] {Threei}  just listing those triggers to keep in mind if this is the start of rally

[13:23] {Threei}  problem with these sneaky rallies is their sneakiness

[13:24] {Threei}  hard to tell whether it's for real or just another spike with immediate fallback

[13:24] {Threei}  that's why we missed it yesterday

[13:24] {Threei}  too many spikes got smacked down, how do you tell the one that continues

[13:25] {Threei}  but any new high now after pause has serious chance to repeat yesterday

[13:25] {ese} outta here for the weekend all...see ya monday

[13:25] {Threei}  take care ese

[13:25] {ese} see ya vad

[13:26] {Threei}  live from washington

[13:26] {Threei}  Pelosi

[13:27] {Threei}  here we go, next spike

[13:30] {Threei}  FAS half out

[13:30] {magoo} and those who missed yesterdays will not qwant to miss todays......causing more force

[13:30] {Threei}  right

[13:31] {Threei}  HIG stop under .40

[13:32] {nemo} no volume on this FAS run

[13:32] {Threei}  up iover 1:1

[13:33] {Threei}  just take half out and let it trade

[13:35] {nemo} re load if it gets to .15?

[13:35] {Threei}  support is .10

[13:35] {Threei}  if it drops there, pauses and starts strengthening, I'd rather buy there

[13:36] {Threei}  if loses .10, let it be

[13:36] {Threei}  HIG no worky

[13:39] {Threei}  now, sell half that you bought back near .10

[13:39] {Threei}  keep original half

[13:39] {nemo} ty

[13:40] {Threei}  stop is still under .10 for original one

[13:40] {Threei}  and you secured profit from two halves

[13:41] {Threei}  whatever happens, you can't lose on this trade anymore

[13:42] {nemo} as long as the machine doesn't crap out in the middle...that plane loooks.....

[13:42] {nemo} buy back at .10 or too many times to the well

[13:42] {Threei}  nah, this time is questionable

[13:42] {Threei}  I wouldn't

[13:42] {nemo} volume really drying up

[13:43] {Threei}  major reason is,

[13:43] {Threei}  market does not behave as it did yesterday after first two steps up

[13:43] {Threei}  yesetrday third and all consuenquent ones followed wirth blistering speed

[13:44] {Threei}  this pause is way too long,

[13:44] {Threei}  which will give participants looking for repeat a pause

[13:44] {nemo} oh well

[13:44] {Threei}  if it resumes, you still have your original half

[13:44] {Threei}  and that's what we kept it for

[13:44] {Threei}  but no need to increase risk

[13:44] {Threei}  WHITE HOUSE: PRES OBAMA TO MAKE ANNOUNCEMENT ON HOME FORECLOSURES WEDNESDAY, FEB 18

[13:45] {Threei}  here we go

[13:45] {Threei}  that's next catalyst

[13:45] {Threei}  frikin HIG

[13:45] {Threei}  shakeout

[13:46] {wulff} still in

[13:46] {Threei}  1/4 more out

[13:46] {Threei}  above .30

[13:47] {Threei}  stop to b/e

[13:48] {Threei}  and let it trade

[13:48] {cujo} s RIMM .96

[13:49] {Threei}  offer last portion FAS somewhere between .40 and .50

[13:49] {cujo} stpd -.09

[13:49] {Threei}  I am out .44

[13:50] {Threei}  now, don't tell me it wasn't payed to perfection

[13:50] {nemo} Magoo?

[13:50] {vint} out .43

06[13:50] * Threei slaps magoo around a bit with a large roll of cash

[13:51] {Threei}  I wish HIG didn't shake us out before working

[13:51] {Threei}  but heck

[13:51] {cujo} y

[13:51] {cujo} same here... :(

[13:51] {Threei}  10 cents stop on HIG, over 30 cents profit on FAS

[13:52] {vint} vad- ADBE breaking up?

[13:52] {Threei}  ugh

[13:52] {dino} 100 pts roughly in what, 5 minutes

[13:53] {Threei}  straight line from under 20.90

[13:53] {Threei}  need pullback or at least consolidation

[13:53] {wulff} chose Hig instead of FAs 

[13:53] {vint} got it,thx

[13:53] {Threei}  why chose?

[13:53] {Threei}  both were in play

[13:53] {cujo} i just missed FAS

[13:54] {Threei}  it gave a lot of time

[13:54] {wulff} could only concentrate on one

[13:54] {cujo} didn't want to chase it... 

[13:54] {Threei}  it even returned back

[13:54] {Threei}  twice

[13:55] {wulff} smart ,not smart---learned, learning

[13:56] {Threei}  well... here is a lesson to learn: smart ain't got nothing to do with it

[13:56] {Threei}  focused and disciplined does

[13:56] {wulff} still +.18 in HIG

[13:57] {wulff} $ is $

[13:57] {Threei}  certainly

[13:59] {wulff} my lot of HIG was broken into 13 parts!

[13:59] {Threei}  lol

[13:59] {wulff} one was 2 shares

[13:59] {Threei}  some big spender was buying from you

[14:03] {Threei}  magoo, are you awake?

[14:06] {Threei}  LOL

[14:06] {Threei}  White House

[14:06] {Threei}  - Warns against 'unreasonable expectations' on housing plan

[14:06] {Threei}  - no details issued at this time

[14:06] {Threei}  they learned their lesson eh

[14:06] {nemo} well that explains that drop in fas

[14:07] {Threei}  yup

[14:12] {dino} Dino's Office Announcement

[14:12] {dino} - Perhaps things will get better.

[14:12] {dino} Market spikes 100 pts

[14:15] {dino} market drop attributed to

[14:15] {dino} [12:45] {magoo} 78 down..its time.....this mkt blows

[14:15] {Threei}  lol

[14:20] {Threei}  US HOUSE OF REPRESENTATIVES PASSES THE COMPROMISE STIMULUS BILL, AS EXPECTED

[14:21] {Threei}  Time still remaining on vote

[14:22] {Threei}  - Vote as it stands is 243-180

[14:25] {magoo} mkt still red..still blows imo

06[14:25] * Threei removes himself in a very very remote monastery

[14:25] {dino} the bill blows

[14:25] {Threei}  (as of now no republicans have voted for stimulus, 7 Dems have voted against the bill)

[14:26] {Threei}  Seante is going to vote later in the evening

[14:32] {Threei}  IMF WARNS DEVELOPING MARKETS LACK THE RESOURCES TO BAIL OUT FINANCIAL SECTOR

[14:33] {Threei}  what resources

[14:33] {Threei}  don't they have printing presses like everybody else

[14:33] {patience} maybe they have honest politicians?

[14:34] {Threei}  now, that's a thought I need 10 minutes to recover from

[14:34] {patience} kidding, just kidding

[14:34] {Threei}  I mean, laughter than sends you on the floor in convulsion

[14:34] {wulff} anyone dare hold longs over the  weekend?

[14:34] {Threei}  why?

[14:35] {wulff} cheap thrills

[14:35] {nemo} He wants an ulcer

[14:35] {Threei}  could be not so cheap, lol

[14:35] {Threei}  btw, same goes for short

[14:36] {magoo} hold ovrer weekend..u got a death wish? better luck picking bar fight w/charles bronson

[14:36] {Threei}  or trying to take beer from magoo or bacon from me

[14:38] {patience} i am a confirmed idiot.  been buying this week and will next week

[14:38] {patience} swing trades though

[14:38] {Threei}  buying what?

[14:38] {patience} mostly commodities

[14:39] {magoo} if yu can log into proper mirc room u got this idiot beat

[14:40] {Threei}  RIMM picking up steam

[14:40] {magoo} not in tho

[14:40] {magoo} were entry

[14:45] {magoo} were=wheres

[14:46] {magoo} tricky last hour...will we go nuts like yesterday or sell off since 3 day weekend..

[14:46] {cujo} in .27 rimm

[14:47] {cujo} out +.10

[14:47] {Threei}  BAC

[14:47] {Threei}  REPORTEDLY SPLITS CORPORATE AND INVESTMENT BANKS - UNCONFIRMED REPORT

[14:49] {wulff} vad do you make more money in conjunction with market strength or doesn't matter?

[14:49] {wulff} in general

[14:49] {Threei}  well, bull markets are easier and generally more fun

[14:49] {wulff} course

[14:50] {Threei}  but today is anything but bull, and we are 5 for 6

[14:53] {wulff} seem to have done well since at least november

[14:54] {wulff} shorts are nervous

[14:55] {Threei}  not that longs are calm and confident... :)

[14:56] {wulff} just a few weeks of the 90's would be nice

[14:56] {Threei}  it's coming

[14:57] {wulff} figure if you can make $ here, then...its got to be easier

[14:57] {Threei}  totally

[14:59] {Threei}  this market is tremendous learning opportunity

[14:59] {Threei}  you can trade this, you can trade anything

[14:59] {nemo} great for changing your hair color too

[15:00] {Threei}  nemo = magoo's twin I suspect {G}

[15:00] {nemo} No...I saw pictures of Magoo

[15:00] {Threei}  seriously guys, what kind of expectations do you have?

[15:01] {Threei}  let me suggest you mental experiement

[15:01] {nemo} NONE

[15:01] {Threei}  go over today's calls,

[15:01] {magoo} i expect to make big bux everyday

[15:01] {nemo} you get big bucks in the fall, mags.

[15:01] {Threei}  imagine you took each and every of them and emulated my exits to the cent

[15:01] {Threei}  took 1000 shares on each

[15:01] {Threei}  how much would you be up today?

[15:02] {nemo} Lunch Money at The Four Seasons?

[15:03] {nemo} don't forget the double in FAS

[15:08] {Threei}  HIG

[15:08] {Threei}  TICKING HIGHER ON TAKEOVER CHATTER CIRCULATING

[15:08] {Threei}  - Allianz rumored as potential acquire

[15:10] {dptl} have a good long weekend all....see ya tue....:)

[15:10] {Threei}  take care dpo, have a good weekend

[15:10] {magoo} bye dp

[15:11] {dptl} oh...and happy Valentines......lol

[15:11] {Threei}  ummm

06[15:12] * Threei slaps dptl around a bit with a large bouqet of roses 0 each with nice spiky thorn

[15:12] {dptl} lol

[15:13] {Threei}  FAS is coming into bounce scalp zone

[15:13] {nemo} half lot or full

[15:13] {Threei}  from under 8 desirably

[15:13] {Threei}  full

[15:14] {Threei}  want to see it diving under 8,

[15:14] {Threei}  pausing,. not losing 8.90

[15:14] {Threei}  consolidating a little

[15:14] {Threei}  then breaking 8 again

[15:14] {Threei}  not losing 7.90 that was

[15:18] {vint} looks like we missed fas

[15:18] {Threei}  yup

[15:20] {pita} still valid on dive below 8?

[15:21] {Threei}  yes, not much changed so far

[15:22] {wulff} ok corral market

[15:28] {wulff} good example of capitulation in PCLN

[15:34] {Threei}  feels like pullback and then one last thrust upward

[15:34] {Threei}  let's try to catch it

[15:35] {Threei}  FAS around .15 - .20, RIMM around .50

[15:36] {Threei}  SEN MAJORITY LEADER REID: SENATE VOTE ON STIMULUS TO BEGIN AT 5:30PMET

[15:37] {Threei}  took .21 FAS

[15:38] {Threei}  RIMM is not pulling far

[15:39] {cujo} in .21 as well

[15:40] {Threei}  tough fight here

[15:40] {Threei}  stop under .10

[15:41] {cujo} scalped 1/2 at .27

[15:41] {cujo} waiting on 2nd half

[15:41] {Threei}  good idea

[15:42] {Threei}  out half too

[15:43] {Threei}  stop to .15

[15:43] {cujo} k

[15:43] {pita} courage lacking - got small piece - TY

[15:44] {Threei}  sure

[15:48] {Threei}  DEALER SAYS CHRYSLER HAS HIT ITS FEB ORDER GOAL

[15:48] {cujo} some sellinh in RIG

[15:48] {Threei}  one dealer sold one car I guess?

[15:51] {Threei}  so, let's meet tomorrow after bill vote and trade something?

[15:51] {Threei}  baseball cards?

[15:52] {Threei}  US AUTO PARTS SUPPLIERS HAVE REPORTEDLY SUBMITTED THEIR REQUEST TO THE US TREASURY FOR AID

[15:54] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[15:57] {Threei}  10 min more, we would get once more scalp out of FAS

[15:57] {nemo} Reality says you don't have 10 minutes :)

[15:57] {Threei}  nope

[15:57] {nemo} Vodka calling....

[15:58] {Threei}  CEDC you mean

[15:58] {magoo} answetr

[15:58] {nemo} DIAGIO

[15:58] {Threei}  overall, market says:

[15:58] {pita} about to get dive under 8

[15:58] {Threei}  I don't think your bill will pass... or I don't think it's a good bill

[15:58] {Threei}  or both

[15:58] {dino} out vz -.09

[15:59] {Threei}  wow

[15:59] {wulff} later all

[15:59] {Threei}  nice dump

[15:59] {Threei}  ok guys

[15:59] {Threei}  thank you all

[16:00] {cujo} have a good weekend. 

[16:00] {nemo} buhbye!!!

[16:00] {Threei}  have a good relaaxing long weekend,

[16:00] {pita} good wknd all

[16:00] {Threei}  see you all on Tuesday,

[16:00] {magoo} ty vad

[16:00] {Threei}  and if bill passes

[16:00] {Threei}  let's greet each other as comprades on Tuesday morning

[16:00] {nemo} edengi bili

[16:00] {Threei}  "take care comrade magoo" - has a nice ring to it, don';t you think

[16:01] {magoo} indeed comrade vad

[16:01] {magoo} yours rhimes

06[16:01] * Threei slaps magoo around a bit with a large Manifesto of Communist Party

06[16:01] * nemo slaps magoo around with Das Kapital

[16:01] {magoo} oy..required reading over weekend

[16:02] {dawg} ty Vad adn all

[16:03] {dino} not a good close

[16:03] {patience} shopping time in the markets dino