Mar 17 2009

The day felt somewhat disconnected as plays were scattered around in a random fashion, without continuous flow. Most worked out nicely though., including sizeable wins on RIMM, AMZN and FAZ.

Session Time: Tue Mar 17 00:00:00 2009

[07:38] {nemo}  anybody home?

[07:40] {KSystems} morning

[07:40] {KSystems} you rang?

[07:40] {nemo} keine anschluss an diese nummer

[07:40] {KSystems} :)

[07:40] {nemo} oder diesen?

[07:41] {nemo} keiner auch?

[08:10] {Threei}  Good morning

[08:13] {cosmo} not for ENER 

[08:14] {cosmo} ... so far

[08:15] {Threei}  too bad missed the short yesterday

[08:15] {Threei}  kind of hard to chase 2 bucks down

[08:15] {cosmo} yae... next time i have to pay better attention

[08:22] {Threei}  PALM

[08:22] {Threei}  CANACCORD ADAMS REITERATES SELL RATING AND $0 PT

[08:22] {Threei}  0???

[08:23] {Threei}  MEREDITH WHITNEY: REGIONAL BANKS MAY HELP TAKE THE PLACE OF BIG, CENTRALIZED LENDERS; BELIEVES THE "CENTRALIZED LENDING" MODEL IS DEAD

[08:23] {Threei}  {XLF}

[08:29] {Threei}  PRICE TARGET LOWERED TO $21 FROM $35 AT CREDIT SUISSE, MAINTAINS OUTPERFORM RATING

[08:30] {Threei}  FEB PRODUCER PRICE INDEX M/M: 0.1% V 0.4%E;

[08:31] {Threei}  *FEB HOUSING STARTS: 583K V 450KE; BUILDING PERMITS: 547K V 500KE

[08:31] {Threei}  - Prior Housing Starts revised from 466K to 477K

[08:31] {Threei}  - Prior Building Permits revised from 531K to 531K

[08:39] {Threei}  FAS is strengthening

[08:50] {Threei}  ENER

[08:50] {Threei}  RAYMOND JAMES CUTS ENER TO UNDERPERFORM FROM MARKET PERFORM

[08:51] {Threei}  vultures are circling

[08:52] {vinod} good morning

[08:52] {Threei}  vinod :)

[09:01] {nemo} vino :)

[09:01] {nemo} d

[09:02] {Onix} Good morning

[09:02] {fernp} Hello everybody

[09:02] {Threei}  onix, fern :)

[09:02] {magoo} morning

[09:03] {ese} morning

[09:03] {Threei}  magoo, ese :)

[09:04] {cosmo} those vulture are starting to nibble a bit on ENER 

[09:07] {Threei}  mags, crying yet that we haven't shorted ENER yesterday on guidance?

[09:08] {Threei}  [16:01] {Threei} ENER

[09:08] {Threei}  [16:02] {Threei} Q3 GUIDANCE NO LONGER APPLICABLE DUE TO ECONOMIC ENVIRONMENT

[09:08] {cosmo} hmmm

[09:09] {Threei}  market is not too jazzed about housing starts

[09:09] {vint} Good Morning all

[09:09] {Threei}  and we were told the housing is the root of the problem? fix housing and everything would be fine?

[09:09] {Threei}  vint :)

[09:09] {buyemsellem} good morning

[09:09] {Threei}  buyem :)

[09:09] {dino} gm all. it's 3-17

[09:10] {Threei}  dino :)

[09:10] {cosmo} tent sales are way up though...

[09:10] {dino} think all, -317 i have been talking about

[09:11] {dino} ok, i''l tell, my b-day

[09:11] {nemo} I'm not supposed to think Dino

[09:12] {nemo} Italian born on St. Patty's day....oy

[09:12] {dino} irish, i'm a mc

[09:12] {nemo} blasphemy

[09:13] {nemo} I'm 1/2 and 1/2

[09:13] {cosmo} St. Mc?

[09:13] {patience} happy birthday dino   :)

[09:13] {buyemsellem} happy birthday

[09:13] {nemo} so, how far over the hill are you

[09:13] {vint} dino-happy birthday!

[09:14] {dino} thx

[09:14] {tomg} good morning

[09:14] {tomg} happy birthday dino

[09:14] {vinod} Happy BD dino

[09:14] {Threei}  happy birthday dino!

[09:15] {dino} :)

[09:15] {Onix} happy birthday dino :)

[09:15] {Threei}  tom, patience, dawg :)

[09:15] {dptl} good morning....Dino Happy BD :)

[09:16] {Threei}  dp :)

[09:16] {laserdave} Happy Birthday Dino

[09:17] {Threei}  dave :)

[09:17] {magoo} vad, i scalped a lil ENER afterhrs short

[09:18] {magoo} but man, it was 18 then, 5 points later sigh

06[09:18] * magoo slaps laserdave around a bit with a large trout

[09:18] {dino} thx all

[09:19] {Threei}  well... better than I did, mags :)

[09:19] {cosmo} CLNE up

[09:19] {magoo} whats your strategy this morn vad

[09:19] {Threei}  so far, none

[09:20] {magoo} why we got to play this game every morning he he

[09:20] {Threei}  it's too unclear whether we have little pullback, the continuation of upward move

[09:20] {Threei}  or pullback is going to be much deeper

[09:20] {magoo} i men, just your underlying feeling b

[09:21] {ese} happy birthday  from me also dino.........

[09:22] {vinod} dino Try  few pints of green beer

[09:22] {dino} ty and will do

[09:23] {nemo} I remember seeing alot of processed green beer around campus the day after St. Patty's day back in college

[09:28] {Threei}  market staying red after surprizingly good housing starts is not very encouraging for the bulls

[09:29] {Threei}  I don't have clear plays for the opening

[09:29] {nemo} Weren't they primarily condos

[09:29] {ese} ener sure is getting smoked isn't it......any thoughts dino

[09:30] {Threei}  FED ANNOUNCES 2-YR DELAY OF NEW BANK CAPITAL REQUIREMENTS

[09:30] {nemo} huh?

[09:31] {pita} morning all

[09:31] {dino} nue

[09:31] {Threei}  - Efforts to respond to market crisis

[09:31] {Threei}  pita :)

[09:32] {nemo} what's the news on it dino?

[09:32] {nemo} is that nucor?

[09:33] {Threei} Long Setup:  FAS  .92 if stays above .80

[09:33] {magoo} missed

[09:33] {nemo} missed

[09:34] {dino} out esi yesterday swing, 104.45, +3.75

[09:36] {patience} very nice dino

[09:36] {vinod} fas in 4.94

[09:36] {Threei}  FED ANNOUNCES 2-YEAR DELAY OF NEW BANK CAPITAL REQUIREMENTS UNTIL MAR 31ST, 2011

[09:36] {Threei}  - Efforts to respond to market crisis; delay should help firms meet capital requirements

[09:36] {Threei}  - Limits would have burdened financial firms

[09:36] {Threei}  - Firms need to increase overall capital levels

[09:37] {dino} ty patience

[09:40] {pita} FAS?

[09:44] {Threei}  market doesn't get any firm footing

[09:44] {Threei}  not on a hunt for the bottom at the moment

[09:45] {nemo} continuation from yesterday?

[09:48] {Threei} Long Setup:  CAT  .80

[09:48] {Threei}  if stays above .70

[09:48] {dino} uthr sm l .70

[09:48] {dino} risky

[09:49] {Threei}  CAT over 1:1, half out

[09:49] {Threei}  scalpers take profit

[09:50] {Threei}  second half is stopped

[09:51] {ese} L KLAC .82 1/2

[09:52] {ese} glance away to typoe and it shoots up

[09:52] {nemo} you're complaining?

[09:53] {ese} hmmm kinda.....

[09:53] {Threei}  CSUN

[09:53] {Threei}  SIGNS 10 YEAR SOLAR CELL SALES FRAMEWORK AGREEMENT WITH ASOLA

[09:53] {nemo} oy

[09:53] {ese} out KLAC. ..02

[09:53] {ese} +.20

[09:54] {Threei}  - This non-binding framework agreement outlines the potential delivery of up to 480MW of solar cells manufactured by China Sunergy from 2009 to 2018.

[09:54] {Threei}  - Under the Framework Agreement, which remains valid from 2009 until 2018, China Sunergy may supply asola a total of 30MW of silicon cells in 2009, with 50MW thereafter for each remaining year of the 10-year agreeme{TAN}

[09:54] {dino} gj es

[09:54] {ese} tks

[09:54] {dino} nue?

[09:54] {Threei}  FEED...

[09:54] {Threei}  strong follow-up from yesterday

[09:55] {dino} or does it want 30 strike

[09:55] {ese} actually nemo....i shouldn't really type the fill ......because it moves to fast....but thats not fair to the board

[09:55] {ese} more a question of where should the focus be

[09:56] {ese} nice move by klac though

[09:56] {nemo} I understand, got a kick out of it

[09:57] {dino} out uthr .40, +.70

[09:57] {Onix} gj dino

[09:58] {dino} ty

[09:59] {ese} just looked athat dino...nice

[10:00] {Threei} Long Setup:  RIMM  .40 break

[10:00] {Threei}  stop under .25

[10:00] {nemo} missed

[10:00] {magoo} in rimm

[10:00] {dino} :) es

[10:01] {Threei}  GM CEO: REAFFIRMS THAT COMPANY CAN RESTRUCTURE OUTSIDE OF BANKRUPTCY - WSJ

[10:01] {Threei}  FDIC STAFF: RECOMMENDING SURCHARGE ON DEBT GUARANTEES TO LOWER OTHER BANKING FEES

[10:01] {Threei}  half out RIMM

[10:02] {Threei}  stop to .35

[10:04] {dino} obamination on tv

[10:04] {nemo} buy faz

[10:05] {Threei}  not sure

[10:05] {Threei}  market lost sensitivity to his appearances

[10:05] {nemo} sorry...that was tongue in cheek

[10:05] {dino} trades fast, like pulp

[10:05] {nemo} don't understand the analogy

[10:06] {Threei}  seinfield-speal

[10:06] {dino} seinfeld. george gets pulp in his eye; "pulp moves baby"

[10:06] {nemo} sorry, wasn't a focus of mine in the 90's

[10:06] {dino} on every night 10:30

[10:07] {dino} eyes on uthr again

[10:07] {Threei}  wow... blast from the past... BAMM

[10:07] {ese} L URBN 1/2 .40

[10:08] {ese} 3day high

[10:09] {ese} stop .32

[10:09] {dino} nue nice range

[10:09] {ese} changed that ....make that .29

[10:09] {Threei}  US REP FRANK: MAY BEGIN CREATION OF LEGISLATION FOR FINANCIAL REGULATION REFORM IN MAY

[10:12] {Threei}  anyone knows what it is they are sop busy with in March and April?

[10:13] {dino} nue sm l .60 risky

[10:13] {Onix} giving executives more time totake bonusses

[10:13] {dino} quarter ends all i can think of

[10:15] {ese} vad....if you get a chance could you look at urbn.....i know that you play 3 day highs....do you wait until after the breakout and possibly get in on a retracement to support or do you like to play the breakout?

[10:16] {Threei}  mostly breakout in such cases

[10:17] {nemo} good thing you moved that stop ese

[10:18] {ese} ya no kidding

[10:18] {nemo} hair of your chinny chin chin

[10:19] {ese} that one bar hit .30

[10:19] {dino} 30 bars today?

[10:19] {nemo} Dino, is that a technical comment, or your St. Patty's Day routine

[10:20] {dino} about 20 years ago

[10:20] {dino} 30 would kill me today

[10:21] {Threei}  finally RIMM

[10:21] {Threei}  out in full

[10:21] {Threei}  sure took its sweet time for the second half

[10:21] {ese} hey dino

[10:21] {ese} in liverpool last year when we went there on band tour

[10:21] {nemo} Like the joke about Seamus, the guy who died working at the brewery when he drowned in the vat.  Guys went home to tell his wife.  Funny thing, he came up 3 times for air.

[10:21] {ese} there were pub crawls every night

[10:22] {ese} and indeed some people did visit about 30 bar

[10:22] {ese} bars

[10:22] {dino} lol

[10:24] {dino} mcd has not been participating lately

[10:24] {ese} POT Confirms to cut production by additional 1.5M tonnes, brings total curtailments to 3.5M tonnes this year

[10:24] {ese} loade news event......

[10:24] {ese} loaded

[10:25] {vinod} out fas 5.08

[10:25] {Threei}  IMF OFFICIAL: NEW IMF FORECAST WILL PREDICT GLOBAL ECONOMIC CONTRACTION OF 0.6% IN 2009

[10:29] {dino} sm l uthr .50

[10:29] {Threei}  so, which financial insitution is the most hated right now?

[10:29] {dino} imf pretty otimistic

[10:29] {dino} op

[10:29] {ese} AIG

[10:29] {magoo} my personal one lol

[10:29] {Threei}  before answering impulsively "AIG"... look at the stock

[10:30] {ese} what the^%$$#@

[10:31] {nemo} don't you mean #$%%&!

[10:31] {ese} well....keep handin them bonuses out then

[10:31] {ese} yes thanks nemo for that correction

[10:31] {Threei}  uh oh

[10:31] {Threei}  US REGULATORS: INSURERS DO NOT APPEAR 'TOO BIG TOO FAIL'; POSE NO SYSTEMIC RISK

[10:31] {Threei}  {MET PRU}

[10:31] {nemo} short?

[10:32] {Threei}  CAT

[10:32] {Threei}  TO LAYOFF ADDITIONAL 2K WORKERS ACROSS COUNTRY

[10:32] {Threei}  oh really?

[10:32] {Threei}  weren't we told CAT will be ready to rehire if stimulus package passes?

[10:32] {nemo} I thought the ceo said he expected more layoffs

[10:33] {nemo} RIM consolidating ear high?

[10:33] {nemo} near

[10:33] {Threei}  during president's sale job on stimulus

[10:33] {Threei}  he, president, said that, and CAT CEO nodded

[10:33] {dino} also expected infrastructure, not welfare

[10:33] {nemo} Yeah, it was just your standard democratic spending bill with a different title

[10:34] {dino} yes

[10:34] {magoo} vad..u dump balance RIMM?

[10:34] {Threei}  [10:21] {Threei} finally RIMM

[10:34] {Threei}  [10:21] {Threei} out in full

[10:34] {Threei}  [10:21] {Threei} sure took its sweet time for the second half

[10:35] {Threei}  it starts forming 40 break

[10:35] {magoo} i exited .86

[10:35] {Threei}  beat me by two cents

[10:35] {magoo} over 40 if IF mkt resumes

[10:36] {dino} ob?

[10:36] {nemo} heheheh   http://www.fixcnbc.com

[10:37] {magoo} l rimm .82

[10:37] {dino} multifamily starts up 88%, foreclosures to rentals??

[10:37] {magoo} thinkin .15 area

[10:39] {magoo} 1:2

[10:39] {Threei}  NFLX...

[10:39] {Threei}  what is it with this stupid thing

[10:39] {magoo} good movies

[10:39] {Threei}  look at it closing in on 40

[10:41] {Threei}  and 40 break is a aunching pad for it it seems

[10:41] {magoo} out .02 RIMM

[10:41] {Threei}  let's see where it forms support

[10:42] {Threei}  and with market resumption, 40 break becomes a long trigger

[10:42] {nemo} RIMM or NFLX?

[10:42] {Threei}  NFLX

[10:42] {Threei}  half lot

[10:42] {Threei}  volatile

[10:44] {Threei}  AMZN

[10:45] {Threei}  half lot .30 break long

[10:45] {ese} out URBN .65

[10:45] {Threei}  if stays above .15

[10:45] {ese} +.23

[10:45] {nemo} blew right by

[10:45] {dino} uthr stop to .11

[10:45] {ese} howd I do chief....was in too soon maybe?

[10:46] {Threei}  URBN? no, looked just right to me

[10:46] {dino} to .17

[10:46] {Threei}  AMZN hit over 1:1

[10:46] {Threei}  NFLX stop .85

[10:47] {dino} gj es

[10:47] {Threei}  over 1:1 NFLX, half out

[10:47] {dino} to .23

[10:47] {ese} tks

[10:47] {dino} out uthr .21 slipped, +.71

[10:49] {dino} nue stop .99

[10:49] {Threei}  out NFLX balance

[10:50] {dino} out nue .99, +.39

[10:50] {dino} need coffee

[10:51] {dino} tough crowd

[10:51] {Threei}  :)

[10:51] {Threei}  AIG

[10:51] {Threei}  this thing looks like going to break 1 and explode

[10:51] {nemo} is "need coffee" a joke?

[10:51] {Threei}  just like C did

[10:51] {dino} no, i was empty

[10:52] {ese} must be there own trading firm bidding it up.....the rest of the US hates em.....

[10:53] {dino} looking for bagholders

[10:53] {magoo} out nflx here .21 TY boss

[10:53] {Threei}  welcome

[10:54] {ese} i'll bet

[10:54] {magoo} mkt feels to magoo like gonna explode up

[10:54] {magoo} i tend to be long bias thou

[10:56] {Threei}  see this increasing pressure on AIG?

[10:57] {Threei}  if it manages to break 1, I'd say it's poised for a serios move

[11:02] {nemo} feels like lunchtime already

[11:06] {nemo} what chart server Vad, mine are all over the place

[11:06] {Threei}  09:52:03 ADMIN7 --} (All): We're working on the chart issue.

[11:06] {nemo} saw that, just wondering if you had come up w/workaround

[11:07] {Threei}  lol... it's not like I have my personal datafeed

[11:07] {nemo} your a Vader!

[11:08] {nemo} you're

[11:10] {Threei}  the only topic on TV is AIG bounuses

[11:10] {Threei}  financial committee hearing on it

[11:10] {Threei}  what the...

[11:11] {Threei}  send legal guys in, see what can be done

[11:11] {Threei}  stop the hysteria

[11:11] {Threei}  and that fake outrage... "I am chocked by anger"

[11:12] {nemo} They'll keep up the performance as long as the masses are riled

[11:12] {Threei}  I swear next thing we know is someone of AIG staff dies when angry mob stampedes over people

[11:13] {Threei}  and of course it's going to be a mid-level clerk

[11:13] {dino} pullback imo

[11:17] {nemo} FAZ heading for resistance

[11:17] {Threei}  looks worth a try on .20 break

[11:18] {Threei}  needless to say, small shares

[11:18] {nemo} for adrenaline eprived, although been tame today

[11:18] {nemo} deprived

[11:20] {vinod} .20 break means 41.20?

[11:20] {nemo} yes

[11:20] {Threei}  42.20 at the moment

[11:21] {Threei}  went too low for that break to remain a valid play

[11:21] {nemo} at .80?

[11:21] {Threei}  ?

[11:22] {nemo} went too low...what support did it break?

[11:22] {Threei}  42

[11:22] {nemo} ok.

[11:23] {Threei}  and even without pronounced chart support, 40-50 cents from the break level - too far for the break to be in play still

[11:23] {pita} later all - happy hunting

[11:23] {Threei}  take care pita

[11:23] {dino} cya

[11:25] {vinod} look like market going nowhere?

[11:26] {Threei}  so far...

[11:26] {dino} uthr, nue nice pullbacks

[11:26] {Threei}  it's trying to consolidateds near the high, but breakout needs some serious mood change

[11:26] {dino} attitude readjustment week perhaps

[11:27] {nemo} options ex

[11:28] {vinod} faz did go over 42

[11:28] {nemo} adrenaline junky

[11:31] {nemo} stt VA

[11:32] {nemo} VAD

[11:33] {Threei}  NFLX just stays near the high no matter what

[11:34] {Threei}  quite amazing

[11:37] {dino} risky, sm l nue .20

[11:37] {nemo} steel ones there

[11:37] {nemo} pun intended

[11:38] {vinod} sm 1 means small 1k

[11:38] {dino} :)

[11:39] {dino} no, sm=300, hl 500, nothing 1k

[11:39] {dino} v sm=200

[11:39] {vinod} thanks

[11:39] {dino} np, sm gives wide stop, but need bigger win for 1:1

[11:39] {Threei}  DOE'S CHU: US SHOULD IMPOSE CO2 TARIFFS TO PROTECT COMPETITION

[11:39] {Threei}  huh?

[11:40] {dino} protectionism

[11:41] {nemo} RIMM going to test HOD?

[11:42] {Threei}  obviouslt

[11:43] {nemo} in hindsight now

[11:47] {dino} uthr wide range but making higher lows higher highs

[11:47] {dino} waiting at 59.50 area

[11:53] {Threei}  SENATOR WARNER: SUPPORTS GIVING LIFE INSURERS TARP FUNDS

[11:53] {dino} pretty sure we already did

[11:54] {Threei}  and now he supports it

[11:57] {dino} someone just told him he signed on last fall

[11:57] {Threei}  hey, you can't blame a man for taking a little nap

[11:58] {Threei}  US FED WILL BE PROVIDING GUIDANCE WITH REGARDS TO FED LENDING PROGRAMS AND RELATIONSHIP TO FOREIGN WORKERS

[11:58] {Threei}  say what?

[11:58] {dino} another way for protectionism

[11:58] {Threei}  what does Fed have to do with foreign workers?

[11:59] {dino} they are moving the wrong way, imo

[11:59] {Threei}  is Fed running the country now?

[11:59] {Threei}  creates legislation etc?

[12:00] {dino} ahhh corn beef and cabbage on magoo

[12:03] {dino} nue something wrong tighten to .98

[12:05] {magoo} .

[12:05] {Threei}  things stalled

[12:05] {Threei}  uncertainty of last hour or so switrched to total coma

[12:05] {magoo} eatinmg corned beef and cabage

[12:07] {dino} nue stopped -.22

[12:09] {Threei}  prez on TV soon

[12:10] {Threei}  and if my math is right, it's going to be 4th time today

[12:10] {dino} ohhh mannnnnnnnnnnn

[12:13] {Threei}  SENATOR SCHUMER (D): IF AIG DOES NOT RENEGOTIATE BONUSES, CONGRESS WILL ENACT LEGISLATION TO TAKE THE BONUSES BACK

[12:14] {Threei}  ineresting... those contracts what, don't have any performance provisions tied to bonuses?

[12:14] {dino} the other part is, how can they break contracts that were in force

[12:15] {dino} [09:55] {dino} or does it want 30 strike

[12:17] {Threei}  I have to say, this atmosphere reminds me of business times in Soviet Union very much

[12:17] {Threei}  rules changing every day, fear in the air, authorities not bound by any law

[12:17] {nemo} Tanks should start rolling any time now

[12:17] {dino} breaking contracts on a whim, because of sound bites

[12:22] {Threei}  WHITE HOUSE ADVISOR SUMMERS: WILL NOT FORCE AIG TO BREAK CONTRACTS, WILL "BE CREATIVE" TO RECOUP SPENDING - CNBC INTERVIEW

[12:23] {nemo} mug them as they come out of their offices?

[12:23] {Threei}  that's creative

[12:23] {nemo} question or statement?

[12:24] {dino} cedc l .48

[12:24] {dino} tax them

[12:26] {Threei}  - Has learned in the few months of the new administration that the magnitude of the damage done to the economy was more than anyone had estimated.

[12:26] {Threei}  - Sees no tax increases this year or next year

[12:27] {Threei}  NFLX

[12:27] {Threei}  long if breaks that big offer at .59

[12:30] {Threei}  AMZN

[12:30] {Threei}  DISCOVERY COMMUNICATIONS FILES PATENT SUIT OVER KINDLE EBOOK READER

[12:30] {Threei}  - DISCA alleges that Amazon's Kindle products infringe on its US patent{DISCA}

[12:38] {Threei}  FAS started making new highs

[12:38] {Threei}  tough read for me

[12:40] {dptl} are you in nflx Vad?

[12:40] {Threei}  yeah

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

[12:41] {Threei}  under .40

[12:41] {dptl} ty

[12:43] {Threei}  would expect it to break already

[12:43] {Threei}  too apathetic

[12:44] {Threei}  moving stop to under .50

[12:46] {Threei}  this market move is really strange

[12:46] {Threei}  I mean, what is following it?

[12:46] {Threei}  see any stocks hitting new highs?

[12:47] {Onix} oil stocks chk, hal

[12:47] {Onix} vlo

[12:47] {Threei}  they are not on NASDAQ

[12:48] {Onix} uaua?

[12:48] {Onix} msft?

[12:48] {Threei}  oh... yes :)

[12:49] {Threei}  DRYS too...

[12:54] {dino} cedc stop to .59

[12:57] {dino} to .61

[12:57] {dino} stingy mode

[12:58] {Threei}  sheesh NFLX

[12:58] {Threei}  are you coming or going

[12:59] {dino} walk it up .64

[12:59] {Threei}  really stigny dino :)

[12:59] {Threei}  stingy

[13:00] {dino} to .66

[13:00] {Threei}  new record number of cruise ships in Victoria this year

[13:00] {Threei}  what recession?

[13:01] {Threei}  AIG

[13:01] {Threei}  US REP FRANK: TIME FOR GOVT TO ASSERT OWNERSHIP RIGHTS OF COMPANY, REGARDLESS OF ISSUE

[13:02] {dino} out cedc .68, +.20

[13:02] {Threei}  wtg

[13:02] {dino} ty

06[13:05] * Threei kicks NFLX in the rear

[13:06] {Threei}  AAPL 50K COMPANIES CURRENTLY IN IPHONE PROGRAMS - APPLE EVENT

[13:06] {Threei}  50K?

[13:07] {Threei}  sounds like without IPhone economy is dead

[13:12] {Threei}  01:09pm [SIRI] Ticks higher on rumor of partnership with Apple

[13:14] {Threei}  I think I confused the sides on NFLX... kicked wrong one

[13:14] {magoo} vad, hows your charts?

[13:14] {magoo} mine jnk

[13:15] {Threei}  yeah, some of them are not fixed yet

[13:16] {Threei}  FAS

[13:16] {Threei}  sudden enthusiasm

[13:16] {Threei}  DOE'S CHU: LOAN GUARANTEES ARE BEGINNING TO BE RELEASED

[13:19] {nemo} fees going up on the NAS

[13:19] {Threei}  in case financials decide to rally, let's see where WFC support is

[13:19] {Threei}  for possible 14 break

[13:20] {vinod} going higher with low volume and way over brought?

[13:21] {Threei}  I am not guessing on direction

[13:21] {Threei}  I am structuring plays for different scenarios

[13:22] {Threei}  overbought and oversold - both are in the eye of the beholder

[13:22] {nemo} beauty vad

[13:22] {Threei}  one can argue that FAS from 55 to 5 is way oversold

[13:23] {Threei}  at it was at 55 just in December

[13:24] {vinod} i will change my way of looking

[13:26] {elepet} are you in wfc?

[13:26] {Threei}  yes

[13:26] {nemo} where?

[13:26] {Threei}  [13:19] {Threei} for possible 14 break

[13:26] {Threei}  bottomed out around .90

[13:27] {magoo} in vad

[13:27] {Threei}  in retrospect, aggressive entry was better on it,

[13:27] {Threei}  it gave delay when market spiked

[13:27] {Threei}  I slept through it though

[13:28] {magoo} i was out there .09..but no fill exit

[13:28] {magoo} anbd 09 print

[13:28] {Threei}  NATIONWIDE CEO: GOVT SUPPORTED BANKS CREATING DISTORTION IN MARKET

[13:28] {Threei}  I'll say

[13:29] {Threei}  11 AIG executives leave company

[13:29] {Threei}  so now we will know how valuable they really are

[13:30] {cosmo} they're just mad because there's no bonus

[13:30] {Threei}  I assume they just want to take their money and run

[13:31] {cosmo} to where

[13:31] {Threei}  retirement?

[13:32] {Threei}  there is just no upside for them to stay

[13:33] {cosmo} on the mainland...yes

[13:34] {Threei}  WHITE HOUSE OFFICIAL: BOOSTING CO2 CAP AND TRADE REVENUE ESTIMATES

[13:34] {Threei}  heh

[13:34] {Threei}  another disaster in the making

[13:34] {cosmo} CO2?

[13:34] {Threei}  cap and trade

[13:35] {nemo} Let's throw a huge tax on a crippled economy...cool

[13:35] {Threei}  on everything and everyone

[13:36] {cosmo} CO2 is a nutrient; we would not be here without it

[13:36] {Threei}  and in doing that, let's kill motivation for alternative sources of energy to seek ways to become cheaper

[13:36] {cosmo} oh

[13:37] {cosmo} but thats suposed to be the boobie prize

[13:40] {Threei}  a bit about unintended consequences:

[13:40] {Threei}  Wells Fargo Chairman Dick Kovacevich resisted taking $25 billion in a federal direct-investment under the Troubled Asset Relief Program.

[13:40] {dino}  going to raise our utility bills big time

[13:40] {Threei}  Kovacevich said that requiring Wells to take the TARP money shut the bank out of the private capital markets. As a result, the bank had to slash its dividend to build up capital as part of its efforts to eventually repay the TARP investment.

[13:40] {cosmo} ?  ....so, we pay a CO2 tax on solar ?

[13:41] {dino} any fossil fuel burning utility must pay, they have all said they will pass the cost along to end users

[13:42] {dino} most utilities are coal fired, then gas

[13:42] {Threei}  Kovacevich, unlike many of his rivals in recent weeks, was vocal in his criticism of the TARP program.

[13:42] {Threei}  Is this America, where you do what the government asks you to do and then retroactively youre told to do more? he asked to applause from his audience.

[13:42] {Threei}  it's not just utilies dino... t's dgoing to be literally everything

[13:42] {Threei}  no good or services are produced without energy

[13:42] {Threei}  goods

[13:42] {dino} it's a huge hidden tax on everybody that lives here

[13:43] {dino} utilities are estimating 30% hiles

[13:43] {dino} hikes

[13:44] {cosmo} then there's the estimated lifetime CO2 Cumulative Exhalation tax ....for the newborn

[13:45] {dino} lol

[13:46] {dino} and of course to ease the cost of his heathcare poposal, no choice, govt decides what you need, thus shortening your life, which saves medicare/caid $ as well as social security.

[13:47] {Threei}  yeah, ask Canada how that's working out

[13:47] {dino} memories of "logans' run"

[13:47] {cosmo} and there's less CO2 too

[13:47] {nemo} did you go to carousel

[13:47] {dino} cosmo, we have solved the social security, medical, and co2 problem in 5 minutes

[13:48] {elepet} are you still in wfc?

[13:48] {Threei}  .90 was support

[13:48] {Threei}  got broken

[13:48] {Threei}  stop taken

[13:48] {nemo} a "nyet" works also :)

06[13:48] * nemo slaps nemo around a bit with a large trout

06[13:49] * nemo fratricide again

[13:49] {Threei}  dino... one more problem you guys forgot

[13:49] {Threei}  cows

[13:49] {Threei}  they belch

[13:49] {nemo} fart too

[13:49] {Threei}  that's a lot of CO2

[13:49] {nemo} piss poop

[13:49] {cosmo} at both ends too

[13:49] {nemo} eat

[13:49] {nemo} drink

[13:49] {nemo} make noise

[13:50] {nemo} look at all those things they can tax

[13:50] {cosmo} cattle diapers gonna be big

[13:50] {nemo} I ain't puttin' em on

[13:50] {dino} eat meat, die younger, see it is very simple

[13:51] {Threei}  this starts looking like the beginning of reversal similar to yreesterday's

[13:51] {nemo} which means...it won't be?

[13:51] {dino} contra hour so.......

[13:51] {Threei} Short Setup: CAT  .25

[13:51] {Threei}  if stays below .35

[13:51] {dino} thinking qid

[13:52] {Threei}  FAZ looks attractive too

[13:52] {dino} ok sm l qid .20

[13:53] {Threei}  .20 break, small shares

[13:54] {cosmo} FEED?

[13:55] {cosmo} testing 2.25

[13:57] {Threei}  FAZ goes over 41

[13:58] {vinod} in FAZ  40.20

[13:58] {dino} out .50 qid +.30

[13:59] {Threei}  volatility is tough to handle on FAZ

[13:59] {vinod} out 40.60 1K

[13:59] {dino} gj

[14:00] {dino} yeah, on faz, us old guys get confused

[14:02] {nemo} wfc building a ascending triangle

[14:03] {Threei}  ?

[14:03] {Threei}  I don't see it

[14:04] {Threei}  BAC

[14:04] {Threei}  MOODY'S PLACES FINANCIAL PRODUCTS DIVISION RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE

[14:04] {magoo} out 41 TY

[14:04] {Threei}  here is my 41 on FAZ

[14:04] {magoo} [14:04] {magoo} out 41 TY

06[14:04] * Threei slaps magoo around a bit with a large roll of cash

[14:05] {vinod} i got out too soon

[14:05] {Threei}  that was decent scalp

[14:06] {Threei}  if you feel larger trneding move is coming, partial out

[14:06] {vinod} i am little scare with it

[14:06] {Threei}  trail stop and let it trade

[14:06] {vinod} o.k

[14:06] {Threei}  no wonder, this IS a scary stock

[14:06] {magoo} i not afraid he he

[14:07] {magoo} famous last words

[14:07] {Threei}  lol

[14:07] {vinod} you guys are pro

[14:07] {Threei}  I think we spotted market trend reversal just in time for the right play

[14:09] {dino} live by the sword.....

[14:19] {Threei}  FEED is impossible to read technically... momo play

[14:20] {magoo} rimm powered up

[14:20] {nemo} yeah

[14:21] {dino} re:feed, use the coin rule

[14:22] {Threei}  AMZN lost its mind

[14:23] {_skylan8} any thoughts up or down in to close

[14:23] {Threei}  really can't tell today

[14:24] {Threei}  every turn is good for like 5 minutes

[14:26] {cosmo} feed salmon i say

[14:26] {Threei}  is it farmed salmon?

[14:27] {cosmo} sorry ...its the regs.

[14:27] {Threei}  MS

[14:27] {Threei}  US SENATOR MENENDEZ: ASKING TREASURY DEPT TO STOP $3B IN RETENTION BONUSES AT THE COMAPNY

[14:28] {Threei}  new big thing eh?

[14:28] {dawg} do you feel like CAT is still a short on break of .25 VAD? 

[14:28] {Threei}  no

[14:29] {dawg} OK ty

[14:29] {Threei}  it may work of course if market drops

[14:29] {Threei}  but that's not a setup I'd play

[14:29] {dawg} staying away then ty

[14:29] {nemo} what's wrong with the setup, it's relationship to the market today?

[14:30] {Threei}  there is no setup at all

[14:30] {cosmo} .....but there are no bonuses to even retrive when they run away like that

[14:30] {Threei}  look at its chart...

[14:30] {dptl} have a good evening all

[14:30] {Threei}  there is just plain drop with market, no trigger, no resistance, no consolidation

[14:30] {Threei}  take care dp

[14:31] {dino} l8r dp

[14:31] {dino} skyfan, i'll bet down -40s

[14:32] {Threei}  more and more looks like down, I agree

[14:32] {_skylan8} ok will see

[14:33] {dino} a beer on it

[14:33] {dino} if wrong, magoo will drink it for you

[14:34] {vinod} vad-when i am going to get all books, soon?

[14:35] {Threei}  they are shipped

[14:35] {vinod} thanks now i am going to be a pro

[14:35] {Threei}  takes 5-10 business days

[14:35] {nemo} Vinod, we live in the same state...it took a little while

[14:36] {vinod} we should get together for a drink nemo

[14:36] {nemo} I'll always get together for a drink

[14:37] {vinod} by the way i know zero about chart reading

[14:37] {nemo} arguably, the same goes for me

[14:37] {dino} don't worry as vad said 5-10 days you will be a pro

[14:37] {Threei}  umm

[14:37] {Threei}  lol

[14:37] {nemo} guaranteed!

[14:37] {dino} 14:35] {vinod} thanks now i am going to be a pro

[14:37] {dino} [14:35] {Threei}  takes 5-10 business days

[14:38] {cosmo} astrology?

[14:38] {Threei}  I meant delivery times of course... but that was funny dino

[14:38] {dino} :)

[14:38] {nemo} dino and his blarney

[14:39] {dino} trying to distract myself from ruining a good day

[14:43] {Threei}  see, 10 minutes and now it looks like up

[14:43] {Threei}  lol

[14:43] {nemo} damn market manipulators...

[14:44] {magoo} beer???? beer??

[14:44] {Threei}  that's some headline:

[14:44] {Threei}  AAPL

[14:44] {Threei}  "NOTHING TO ANNOUNCE TODAY" REGARDING NETBOOK OR NEW IPHONE HARDWARE

[14:45] {magoo} [14:44] {&Threei}  that's some headline:

[14:45] {magoo} roflol

[14:50] {Threei}  AMZN is bumping on day's high

[14:50] {Threei}  .75 break long

[14:50] {Threei}  if stays bove .80

[14:50] {Threei}  .60

[14:51] {dino} feels like the elephants are chasing performance

[14:52] {nemo} why .60 Vad ma in Bollinger band?

[14:53] {dino} hod's

[14:53] {Threei}  over 1:1 in a hurry

[14:53] {nemo} missed it while typing to you...ahhhh

[14:53] {Threei}  man... your prioritiees

[14:53] {vinod} missed it

[14:53] {Threei}  stock is moving toward the trigger, and tyou are asking a question that can wait until it's over :)

[14:54] {jmb} Thanks Vad

[14:54] {Threei}  :)

[14:54] {Threei}  stock retreated a few times after probing above .7o, held above .64-.65 ech time,

[14:55] {Threei}  mid line of BBs came into .60,

[14:55] {Threei}  big offer appeared at .75

[14:55] {Threei}  jujst what I like to see for a break

[14:55] {nemo} ty

[14:55] {Threei}  clean setup

[14:58] {Threei}  MS

[14:58] {Threei}  RETENTION PROGRAM FOR BROKERS IN JV WITH CITIGROUP IS 'NOT A BONUS'

[14:58] {Threei}  frikin circus

[14:59] {Threei}  who country stopped worrying about realk issues and focused on bounuses

[14:59] {Threei}  who = whole

[15:01] {dino} keep this up i'll be moving to canada

[15:01] {Threei}  you may want to rethink that

[15:01] {Threei}  we are so left of centre, you have kong way to go to catch up with us

[15:02] {Threei}  although you make giant steps

[15:02] {dino} lol

[15:02] {dino} then jamaica it is

[15:02] {Threei}  yeah, at least weather is nicert

[15:03] {Threei}  and cheap rum

[15:03] {dino} cheap everything

[15:04] {Threei}  find nice quiet 3rd world country with functioning banking system and internet, and you are golden

[15:04] {Threei}  tradem make 30 bucks a day

[15:04] {Threei}  be a rich man {G}

[15:05] {Threei}  and if you make 150/day...

[15:05] {Threei}  RETENTION PROGRAM FOR BROKERS IN JV WITH CITIGROUP IS 'NOT A BONUS'; AWARDS ARE NECESSARY DUE TO 'POACHING' BY RIVALS

[15:05] {Threei}  - Notes that the costs of such retention payments are covered by operating revenue and not TARP capital{C XLF GS}

[15:06] {cosmo} but not by any kind of 'moral imparative' ....right?

[15:07] {cosmo} k....i'll get a grip

[15:07] {nemo} well, wouldn't operating revenue need to go to capital if they didn't have the tarp?  what BS

[15:08] {Threei} Long Setup:  RIMM  .10 if holding above 41

[15:09] {nemo} too fast today

[15:09] {Threei}  BAC CEO: REITERATES 2009 WILL BE PROFITABLE - NEWSPAPER INTERVIEW

[15:09] {dino} lphi l .69

[15:11] {nemo} buy back in here Va?

[15:11] {nemo} Vad?

[15:12] {dino} thats the problem nemo, the big guys forgot accounting 101

[15:12] {Threei}  hmmm

[15:13] {Threei}  ys RIMM{ same condition

[15:13] {Threei}  yes

[15:15] {nemo} stopped or no printed below 41?

[15:15] {Threei}  ?

[15:15] {Threei}  it never set up

[15:15] {Threei}  and by going under 41 it invalidated

[15:15] {dino} lphi stop to .83

[15:16] {dino} to .86

[15:16] {nemo} I see, completely new set up after the first triggered?

[15:16] {Threei}  if makes couple more moves between

[15:16] {dino} to .89

[15:16] {Threei}  41 aND 41.10, WILL BE NEW SETUP AGAIN

[15:16] {Threei}  oops

[15:16] {dino} out slipped ave .86, +.17

[15:16] {Threei}  that's what I meant when said "same condition"

[15:17] {nemo} yes, understand.  You were in got stopped out, because I didn't get in reset the trade

[15:17] {Threei}  huh?

[15:17] {Threei}  I am totally lost

[15:18] {nemo} we'll skip it

[15:18] {Threei}  first trigger worked as it went over 1:1

[15:18] {nemo} Yes, I missed it.  

[15:19] {nemo} It came back below .10 I asked if could buy then

[15:19] {nemo} I thought from what you typed, had to set up again

[15:20] {nemo} Anyway...gotta' go

[15:20] {dino} ahhh nemo, you can buy wherever you like as long as you keep your stop

[15:23] {dino} hmmm, new pattern one day down/week

[15:23] {dino} nahhhh

[15:25] {Threei} Long Setup:  RIMM  .20 break if stays above .10

[15:25] {magoo} VADDDDDDDDDDDDDD

[15:25] {Threei}  what??

[15:26] {magoo} i need 200 bux here into bell...get on it please{or u could be lazy and just wire it into my acct :)}

[15:26] {Threei}  sigh

[15:26] {Threei}  why 200?

[15:28] {Threei}  CEO: REITERATES 2009 WILL BE PROFITABLE - NEWSPAPER INTERVIEW

[15:28] {Threei}  sorry. wrong one

[15:28] {Threei}  US HOUSE SPEAKER PELOSI: HOPES TO BRING LEGISLATION ON AIG BONUSES TO FLOOR THIS WEEK

[15:28] {Threei}  yeah, let's do that

[15:28] {Threei}  RIMM setup is valid again

[15:29] {Threei}  and invcalidated again

[15:30] {Threei}  ECB'S WEBER: CONCERNS ABOUT DEFAULTS AMONG EMU MEMBERS ARE UNFOUNDED

[15:30] {Threei}  ok... who's first to default?

[15:34] {dino} yeah that sounds familiar

[15:35] {dino} sounds like california

[15:35] {Threei}  and all the banks that "didn'ty need money and had enough liquidity"

[15:37] {Threei}  listening to these guys on TV,

[15:38] {Threei}  you get total impression that these executives of AIG brought the country to this state

[15:38] {Threei}  nice bait and switch

[15:38] {Threei}  real culprits grab ast the opportunity to find scapegoats

[15:40] {dino} swing, hl rick .95 stop 52 wk low

[15:43] {dino} cedc l .69

[15:43] {Threei}  how's NYSE volume?

[15:44] {Threei}  UPDATE: REP FRANK MAY INTRODUCE BILL TO REVAMP THE GSES - WSJ

[15:44] {Threei}  yup

[15:45] {Threei}  let the one who broke it fix it

[15:45] {dino} indeed

[15:45] {Threei}  just don't wonder what happened when it's not working again

[15:46] {Threei}  US REP SUTTON (D) PROPOSING TO OFFER $5K TO PURCHASE NEW CAR

[15:47] {Threei}  I think I proposed that in November

[15:47] {dino} there's a tax rebate on the sales tax now

[15:48] {Threei}  FEED... if market rally continues, there is not much between here and 4

[15:49] {Threei}  it stages sharp pullbacks sometimes

[15:49] {Threei}  see if we get one for swing trade entry

[15:50] {dino} cedcc stop to flat

[15:52] {dino} to .77

[15:52] {Threei}  quite a come back

[15:52] {Threei}  market, FAS

[15:53] {Threei}  too many people bhuried this rally after Fri pullback

[15:53] {dino} out .77, +.08

[15:53] {dino} thats a rap, got lucky, 8/9

[15:54] {Threei}  sorry, Monday pullback

[15:54] {Onix} gj dino :)

[15:55] {dino} thx

[15:55] {Threei}  feels like tomorrow we are likely to be back in bullish mode, buying pullbacks

[15:55] {Threei}  maybe even breakouts

[15:55] {dino} it is easier that way, imo

[15:56] {patience} triple witching this week

[15:56] {dino} due for a 2% move this week, w/expiration, most likely down

[15:59] {Threei}  FAS ginishes at the high, and actually approaches Mon high

[15:59] {Threei}  bodes well for rally continuation

[15:59] {Threei}  ok guys

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a good evening

[15:59] {Threei}  see you tomorrow

[16:00] {vint} good evening all

[16:00] {patience} hey dino, have fun today with the birthday beer

[16:00] {dino} ty

[16:00] {Threei}  WFC

[16:00] {Threei}  PROVIDES NOTICE OF REMARKETING OF DEBENTURES

[16:00] {Threei}  no idea what it means

[16:00] {dino} bonds

[16:05] {Threei}  ADBE

[16:05] {Threei}  REPORTS Q1 $0.45 V $0.44E, R$786M V $784.1ME

[16:05] {Threei}  - Guides Q2 $0.31-0.38 v $0.35e, R$675-725M v $694.4Me

[16:07] {Threei}  anyone paid atention?

[16:08] {Threei}  easy 50-60 cents

[16:08] {magoo} well...guides lower

[16:08] {Threei}  ?

[16:09] {Threei}  it doesn't

[16:09] {Threei}  guidance range is around esdtimates

[16:09] {magoo}  R$675-725M v $694.4Me

[16:09] {Threei}  how is it lower?

[16:09] {magoo} oh shuit

[16:09] {magoo} AGAIN..sorry

06[16:09] * Threei sends magoo to Reading Comprehension 101

[16:10] {dino} just kick him 3i

[16:11] {Threei}  I thought of it

[16:11] {Threei}  then decided to leave some pleasure for tomorrow

Mar 16 2009

Decent day overall, even though most of financials haven't performed for big part of the day. Some scalps on usual suspects (FAS, BAC etc)  plus decent plays on RIMM and FAZ kept the day profitable.                                                                                                                                                          

Session Time: Mon Mar 16 00:00:00 2009

[08:05] {ese} morning....too many sulfates in the wine last night.....up too early

[08:06] {Threei}  Good morning

[08:06] {nemo} no sulfates in vodka

[08:06] {Threei}  FAS happy buying again

[08:06] {nemo} BAC too

[08:06] {nemo} Happy Monday's scare me

[08:07] {Threei}  BAC is still trading under Fri high

[08:07] {Threei}  FAS is above

[08:07] {ese} morning vad....nemo

[08:07] {Threei}  GE is close to serious resistance at 10

[08:07] {Threei}  ese :)

[08:07] {nemo} Buenos tardes

[08:12] {ese} How bout that....blast from the past DNDN on the pre market screen

[08:12] {Threei}  yeah... they have FDA decision coming

[08:12] {Threei}  don't remember the date

[08:13] {ese} can't remember what they do.....do you recall Vad?

[08:13] {Threei}  drug Provenge

[08:14] {ese} what does it do.....presevre youth

[08:14] {Threei}  that I don't remember

[08:14] {nemo} improves memory :)

[08:15] {Threei}  lol

[08:15] {ese} pretty funny there nemo.......quick thinkin too

[08:16] {nemo} Kinda' lucky...haven't even finished my first cup of coffee...usually have to check my license to remember my name until I finish the second cup.

[08:16] {ese} I'm still long 2 lots of DRYS at .21 from friday....it's lookin good right now

[08:21] {Threei}  GM EXEC: EXPECTS MARCH US SALES TO BE INLINE WITH LEVELS SEEN IN BOTH JAN AND FEB

[08:21] {Threei}  {F}

[08:21] {Threei}  I guess if things stopped deteriorating, it's as good news as we can hope for

[08:25] {Threei}  Brief summary of G20 propsed changes:

[08:26] {Threei}   An enhanced role for the Federal Reserve to monitor and address broad economic risks.

[08:26] {Threei}   Changes to the way banks are overseen to prevent lenders from shopping among regulators for the easiest supervision.

[08:26] {Threei}   More transparency and stricter rules for the way money flows between banks.

[08:26] {Threei}   Tougher capital requirements for big banks.

[08:26] {Threei}   Consolidation of consumer-protection enforcement.

[08:27] {Threei}  first line is beyond the comon ense as it exists in my universe

[08:27] {Threei}  common sense

[08:27] {Threei}  fox guarding the henhouse

[08:27] {Threei}  PIMCO'S EL-ERIAN: MARKET WAS DUE FOR A TECHNICAL BOUNCE IN ACROSS ALL ASSETS, TOO EARLY TO CALL A BOTTOM - CNBC

[08:27] {Threei}  party pooper

[08:30] {Threei}  MAR EMPIRE MANUFACTURING: -38.23 V -30.80E

[08:31] {Threei}  - Prices Paid: -26.7 v -13.79 prior (record low)

[08:31] {Threei}  - New Orders: -44.8 v -30.51 prior (record low)

[08:32] {Threei}  - Employment: -38.20 v -39.08 prio

[08:50] {Threei}  GE consolidation range is 9.85 - .95 so far

[08:50] {Threei}  with .98 being Fri high and 10 natural resistance to break

[08:51] {Threei}  if we get rally continuation, this is candidate for the move similar to one we got on Fri morning

[08:53] {magoo} morning

[08:53] {Threei}  magoo :)

[08:54] {ese} MMMMAAAAAGGGGGSSSSSSS zzzaaaaaahhhhhh....how are ya?

[08:57] {pita} gm everyone

[08:58] {ese} pita...

[09:00] {Threei}  pita :)

[09:06] {Threei}  let's start outlining plan for GE

[09:06] {Threei}  from today's premarket action, 9.85 is support

[09:07] {Threei}  9.95 is resistance, with 10 to break as a signal for continuation

[09:07] {ese} was laughing my brains out on the weekend reading the Darwin Awards.   Story titled "once again golfers prove that testosterone and beer don't mix"  one fellow in the foursome was so loaded that he climbed up on the ball washer and stuck his testicles in it to wash them off......well he promptly fell and tore them right off becoming one of the few Darwin winners to be awarded the top darwin for his category because he was still alive.  couldn't

[09:07] {Threei}  so, if you want aggresive entry, that would be about here with .84 stop

[09:08] {pita} Here, as in pre-mkt?

[09:09] {Threei}  if you like the idea of aggresive entry, with very tight stop, yes

[09:10] {Threei}  yesetrday's close is .61

[09:10] {Threei}  if market is not holding its gap and GE loses .85, that will be next area to watch

[09:11] {Threei}  regular entry would be let it trade for now, then buy 10 break with stop located under the low formed before the break

[09:12] {Threei}  for FAS, .50 is Fri resistance

[09:12] {Threei}  broke it earlier, retreated, held .40

[09:13] {vinod} good Morning to all

[09:13] {Threei}  vinod :)

[09:13] {Threei}  03/16/09 06:56am

[09:13] {Threei}  [FEED] Agfeed Industries Reports FY08 $0.74 v $0.62e (ex items), R $143.7M v $138.0Me (1 est), temporarily suspends stock buyback

[09:13] {Threei}  - AgFeed intends to invest heavily in genetics with a target to support the expanding sow base from 2009''s 31,500 sows to 50,000 sows over the next 24 months.

[09:13] {Threei}  - Company believes that the Chinese markets will once again attain double-digit growth rates. Increasing urbanization and the swift growth of the Chinese middle class, strongly position AgFeed for the expanding Chinese consumer pork market.

[09:13] {Threei}  - No Signficant Deficiency, Material Weakness found In Co''s Internal Control Process

[09:14] {dino} gm all

[09:14] {Threei}  dino :)

[09:14] {cosmo} CVTX pre mkt high = 19.75  fwiw

[09:14] {nemo} dino :)

[09:15] {Onix} Good morning all

[09:15] {Threei}  FEB INDUSTRIAL PRODUCTION: -1.4 % V -1.3%E;

[09:15] {Threei}  onix :)

[09:16] {Threei}  CNBC: GOVT TO RELEASE MORE DETAILS PUBLIC PRIVATE PARTNERSHIP THIS WEEK OR EARLY NEXT WEEK

[09:17] {nemo} "Public Private Partnership"  codeword for advancing socialism

[09:17] {dino} uthr

[09:17] {nemo} there's a gapper

[09:17] {cosmo} what's a public/private relationship look like?

[09:17] {cosmo} ...ah

[09:18] {dino} airbus

[09:18] {nemo} Who knows, there making this up as they go along...won't be good for the plebians

[09:18] {nemo} they're

[09:19] {cosmo} how bout the sirians?

[09:19] {nemo} are you serious

[09:19] {ese} Ithink UTHR will bounce back up dino

[09:20] {cosmo} cvtx

[09:20] {cosmo} tests

[09:21] {nemo} PROVENGE is used in treatment for prostate cancer

[09:21] {dino} me too es, was down 9+ 

[09:23] {Threei}  FASB ALLOWING FIRMS TO EXERCISE MORE JUDGEMENT ON APPLICATION OF MARK TO MARKET ACCOUNTING

[09:24] {Threei}  no idea what it means

[09:24] {nemo} 10,000 shares FAS at market.....just kidding

[09:24] {ese} ya to 56....bit of an over reaction to say the least

[09:24] {Threei}  but FAS is upticking

[09:24] {nemo} yep

[09:25] {Threei}  GE honestly trying

[09:27] {Threei}  FAS is too

[09:28] {ese} QQQQ has been trending down here in pre market...will drag some stuf with it

[09:28] {nemo} spy is starting too also...has a bit of a topping pattern 

[09:29] {dino} uptick and m2 were changed in 1938, in '07 changed back, fwiw

[09:30] {Threei}  if you took that aggressive entry on GE, keep stop under .85 and let it break 10

[09:30] {Threei}  morning volatility may work for us or against

[09:30] {Threei}  so far so good though

[09:31] {Threei}  let's sell half here

[09:31] {Threei}  .13

[09:31] {Threei}  scalpers know what to do

[09:32] {Threei}  let's see now how well both FAS and GE hold this pullback

[09:34] {ese} bstop sm 300 shs UTHR 61

[09:34] {Threei}  for those who took half off, stop .88 for the balance

[09:34] {ese} L

[09:34] {Threei}  for scalpers who took whole profit, 10 break is new entry

[09:35] {Threei}  if holding above .90

[09:36] {ese} should have had that bstop at .05

[09:36] {ese} we'll see

[09:37] {ese} just touched 61 and triggered it 

[09:38] {Threei} Long Setup:  FAS  .56

[09:38] {fernp} Hello everybody

[09:38] {Threei}  stop under .45

[09:38] {Threei}  fern :)

[09:39] {Threei}  scalpers have 1:1 on GE again

[09:39] {Threei}  and FAS

[09:39] {Threei}  half out for day traders

[09:40] {vinod} ge in 10.01

[09:41] {Threei}  unbelieavbly risky call:

[09:41] {Threei}  FEED long .70 break

[09:41] {Threei}  stop under .50

[09:42] {Threei}  for seriously adrenalin deprived only

[09:43] {Threei}  DEBEERS SAYS IT MAY CLOSE DIAMOND MINING JOINT VENTURE IN NAMBIA FOR THREE MONTHS STARTING APRIL 1

[09:43] {Threei}  uh oh... less diamonds on the market... wat to do, what to do...

[09:45] {dino} apol, esi

[09:45] {ese} am still in UTHR dino......I think I should have taken that initial run up

[09:46] {Threei}  FAS stop can be trailed to under .50 for the balance

[09:46] {vint} good morning all

[09:46] {Threei}  vint :)

[09:47] {dino} es, i did not get it, needed coffee

[09:47] {dino} whats your entry

[09:47] {ese} .00

[09:48] {ese} stop is .25

[09:48] {Threei}  GE balance stopped

[09:48] {ese} popping up there again dino

[09:49] {dino} you short?

[09:50] {ese} long

[09:50] {Threei}  market more weakness

[09:50] {ese} sm 300

[09:51] {dino} ahh, the .25 had me, i get it

[09:51] {dino} esi tempting

[09:51] {dino} exp week, watch 5s and 0s imo

[09:51] {ese} don't know what it's doin right now

[09:51] {dino} it's coming to me

[09:52] {Threei} Long Setup:  HIG  .30 break if stays above .20

[09:52] {ese} original patter was readable but not now

[09:52] {ese} pattern

[09:52] {ese} may give something yet

[09:53] {magoo} in'

[09:54] {ese} out UTHR .72

[09:54] {ese} +.72

[09:55] {ese} had enough of it dino

[09:55] {Threei}  HIG over 1:1, scalpers are out, day traders half out and stop to .27

[09:55] {ese} not gonna complain about 210 bills good start to the day

[09:55] {magoo} out .43 TY Boss

[09:55] {Threei}  sure

[09:56] {Threei}  wtg ese

[09:56] {ese} dicy for a bit boss.....almost lost control of it

[09:56] {magoo} mkt seems uncertain here {who could blame it}

[09:56] {dino} gj es

[09:56] {ese} tks

[09:57] {dino} risky wide v sm esi l 0.75

[09:58] {Threei}  morning's good but worked for scalpers better than for holders so far

[09:59] {Threei}  hard to tell what's next, let's wait and see

[09:59] {nemo} wonder if traders aren't sure they're Wile E. Coyote after running off the cliff suspended in mid-air

[09:59] {Threei}  lol

[09:59] {Threei}  my personal feeling is, this hesitation is a trao for bears

[10:00] {nemo} define "trao" please?

[10:00] {dino} pig latin for taco

[10:00] {Threei}  trap typed with strong accent

[10:00] {nemo} thank you  I

[10:00] {nemo} I'm really slow today...probably didn't drink enough last night

[10:00] {Threei}  (or with fat fingers)

[10:01] {dino} missed apol 

[10:01] {dino} was at 64.75

[10:01] {Threei}  pullbacks are supported fairly well

[10:01] {nemo} Yeah GE hit support an bounce

[10:02] {Threei}  so did FAS

[10:02] {Threei}  both started forming new setups

[10:03] {Threei}  GE 10 break again if holding above .90

[10:03] {nemo} nas and spy look like they might be priming also

[10:03] {Threei}  FAS .60 break if holding above .50

[10:04] {ese} L ZION 1/2 .02

[10:04] {ese} on pullback

[10:04] {Threei}  BAC

[10:04] {Threei}  .40 break long

[10:04] {Threei}  stop under .30

[10:06] {dino} uthr pullback

[10:06] {dino} and spike

[10:10] {nemo} wfc vad?

[10:11] {ese} I might go long again dino at .51 uthr

[10:11] {ese} if q's start showing upward momo

[10:12] {Threei}  WFC is obvious long setup on .80 break but gotta let this weakness play out and see the support

[10:12] {Threei}  market is still downtrending

[10:13] {ese} indeed

[10:13] {Threei}  actually, pullback is severe enough on WFC to start hunting for bounce entry

[10:14] {dino} ndx getting hit

[10:14] {ese} ZION stop to break even .02

[10:14] {Threei}  .51 long if holding .45

[10:15] {ese} stopped even ZION

[10:16] {ese} bstop UTHR .51.....it's holding up against dn trending market

[10:17] {dino} apol sm l .05

[10:18] {Threei}  no go WFC

[10:19] {ese} nice dino

[10:19] {dino} ty

[10:19] {dino} waited about 30 min.

[10:19] {ese} L uthr

[10:20] {ese} good wait

[10:20] {dino} cpla, bottomed 48.25ish fri then to 51, watching it again

[10:21] {ese} out UTHR .91 1/2 lot

[10:21] {ese} +.40

[10:25] {dino} gj

[10:27] {ese} tks again

[10:27] {Threei}  why so many prints out of bounds today

[10:28] {dino} out apol .95, +.90

[10:28] {Threei} Long Setup:  RIMM  .65 break if stays above .50

[10:28] {dino} tourny starts today 3i, that is why, march madness

[10:29] {dino} tough crowd, :)

[10:29] {nemo} yeah, all the traders are watching basketball

[10:30] {magoo} in RIMM

[10:31] {Threei}  1:1 RIMM, half out or scalp

[10:32] {Threei}  if taking half, stop to under .60 for the balance

[10:32] {magoo} out RIMM .85 TY

[10:33] {Threei}  welcome

[10:33] {Threei}  over 1:2, feel free to exit in full

[10:34] {Threei}  out .99

[10:35] {Threei}  guys, someone qwith alternative quotre source, do you see also these qierd prints above and below the mnarket?

[10:35] {Threei}  and long tails on one minute chart?

[10:35] {nemo} yes

[10:36] {nemo} They're not in IB

[10:37] {fernp} in esignal there is also prints above and below market

[10:37] {Threei}  ty... seems to be streetwide then

[10:38] {Threei}  AIG, wtf

[10:38] {Threei}  is it those bonuses they give out?

[10:38] {nemo} wow

[10:40] {Threei}  AIG, FRE, FNM... I guess today is a zombie day

[10:41] {Threei}  C too

[10:41] {Threei}  vampires rising, you know

[10:41] {nemo} something must be out that we don't know about yet

[10:41] {nemo} M2M

[10:41] {nemo} has to be it

[10:42] {nemo} well, doesn't have to, but boy do they stand to benefit

[10:51] {Threei}  C... this thing really wants to go

[10:58] {nemo} ge looking like jbe?

[11:00] {ese} am outta here for an hour or so.....see you later.

[11:01] {fernp} by ese

[11:01] {Threei}  take care ese

[11:01] {Threei}  they all do, nemo

[11:02] {nemo} sorry, what?

[11:02] {Threei}  look like JBE

[11:02] {nemo} oh....memory :)

[11:02] {Threei}  yeah... aquiring daytrading memory span (which is akin to one of a moht)? :)

[11:03] {magoo} u like GE here?

[11:03] {nemo} Nah, had that for years

[11:03] {magoo} with mkt help

[11:03] {nemo} needs market I think mags

[11:03] {Threei}  mags, I can't shake off feeling that financials prfepare stron upward move

[11:04] {Threei}  but market doesn't form the bottom yet

[11:04] {magoo} understood

[11:04] {fernp} C is really strong

[11:04] {Threei}  look at FAS... chart is so tempting for .65 break

[11:04] {nemo} I'm hooked on a feelin'  I'm high on believin' that finnies are running freeeeeeeee

[11:04] {magoo} wfc trying

[11:04] {nemo} fas too

[11:05] {Threei}  C is beyond belief

[11:05] {nemo} BAC just broke hod

[11:05] {Threei}  FAS is about to also

[11:06] {nemo} spy moving up nas turnign

[11:06] {Threei}  let's try pullbacks?

[11:07] {Threei}  if we get any

[11:07] {magoo} ALERT ALERT

[11:07] {Threei}  BAC .35 - .40 area

[11:07] {magoo} went restrm..mkts went up

[11:07] {magoo} its a tell

[11:07] {Threei}  lol mags

[11:07] {Threei}  FAS .60 - .65 area

[11:11] {Threei}  as much as I don't like buying breaks on these stocks, we are not getting pullbacks anymore

[11:12] {magoo} mkts trying here

[11:14] {Threei}  FAS, .70 break, will try it if no more pullback

[11:14] {nemo} GE broke but is pulling back

[11:16] {Threei}  C... mama mia

[11:17] {magoo} C..crytinbg

[11:18] {fernp} BAC breaking hod

[11:20] {magoo} [11:13] {magoo} mkts trying here

[11:20] {Threei}  half out FAS .82

[11:21] {dino}  cpla sm l .75

[11:21] {Threei}  scalpers take it off and look for reentry

[11:21] {magoo} out TY

[11:23] {Threei}  thanks to strength of finnies, NASDAQ and NYSE switched places today

[11:23] {dino} lphi sm l .50

[11:23] {fernp} C pulling back

[11:23] {Threei}  C needs serious selloff

[11:24] {Threei}  like 2.20 - 2.30

[11:24] {fernp} ty

[11:24] {Threei}  I can't bring myself to buy it ere

[11:28] {dino} cploa stopped -.42

[11:30] {Threei}  C panic is coming it feels

[11:30] {Threei}  (US) TREASURY: WILL PURCHASE UP TO $15B IN SECURITIES BACKED BY BUSINESS LOANS

[11:34] {Threei}  anyone went for GE break?

[11:35] {Threei}  start partialling out here

[11:36] {Threei}  FAS new high, stop to under .70

[11:36] {magoo} WFC nuts

[11:40] {Threei}  (UK) UK TREASURER DARLING: REACHING AGREEMENT ON FUNDING IMF WILL HAPPEN AT THE G20 MEETING IN APRIL

[11:47] {Threei}  prez on TV

[11:55] {Threei}  C perfect bounce

[11:55] {Threei}  anyone caught it?

[12:01] {Threei}  TREASURY'S GEITHNER: ALLOWING SMALL BUSINESSES TO CARRY BACK OPERATING LOSSES FOR FIVE YEARS VERSUS TWO YEARS PRIOR

[12:03] {Threei}  not sure why there must be some strict limit on that

[12:04] {Threei}  it's not like operating losses dissolve by themselves in 2 years or 5 or whenever

[12:06] {Threei}  FAS pullback seems to be deep enough to start hunting again

[12:06] {magoo} call edntry pl

[12:06] {Threei}  want littrle pullback, holding above .60, then another strong hit on .66

[12:07] {Threei}  ok... .66 long if holding above .60

[12:08] {Threei}  and GEN 10 break

[12:08] {Threei}  if holding above .95

[12:08] {Threei}  GE

[12:10] {magoo} in ge

[12:10] {magoo} in fas'

[12:10] {dino} cpla sm l .20

[12:13] {Threei}  half out FAS

[12:15] {Threei}  stop to .64

[12:17] {pita} got few cents FAS TY - off to day job, gl

[12:17] {Threei}  take care pita

[12:22] {Threei}  Terrific Tim on TV

[12:22] {Threei}  PRESIDENT OBAMA: PURSUING EVERY LEGAL AVENUE TO BLOCK THE AIG BONUSES

[12:24] {magoo} vad..C here bounce?

[12:25] {Threei}  not very clear

[12:28] {Threei}  PRESIDENT OBAMA: PURSUING EVERY LEGAL AVENUE TO BLOCK THE AIG BONUSES, BELIEVES AIG BONUS ISSUE IS ABOUT "FUNDAMENTAL VALUES"

[12:28] {Threei}  - Obama believes the government needs more tools to protect taxpayers and the overall financial system from situations like AIG.

[12:28] {Threei}  - NY AG Cuomo also noted that he is seeking information about which individuals received bonuses at AIG. Cuomo states he plans to issue a subpoena to AIG at 4pmEST

[12:30] {Threei}  GE over 1:1

[12:30] {fernp} out ty

[12:30] {Threei}  welcome

[12:30] {Threei}  FAS out in full

[12:30] {Threei}  .82

[12:33] {magoo} out GE .14 here TY

[12:33] {Threei}  good boy GE

[12:33] {Threei}  :)

[12:37] {magoo} out FAS here .84 TY

[12:37] {Threei}  :)

[12:37] {Threei}  {--- intends to limit hiscomments to smiley faces from now on

[12:37] {Threei}  less room for mistypes

[12:38] {Threei}  and optimisim emanates from those freely

[12:47] {Threei}  GOLDMAN SACHS ECONOMIST O'NEILLL: NOT LIKELY CHINA WILL DUMP US TREASURY SECURITIES - TIMING UNCERTAIN

[12:49] {Threei}  BAC new high

[12:50] {Threei}  PREVIEW: MARCH NAHB HOUSING MARKET INDEX DUE OUT AT 1PMET

[12:50] {Threei}  **consensus expectation: 9e v 9 prior

[12:50] {Threei}  - analyst estimates range between 8 and 11

[13:00] {Threei}  *MARCH NAHB HOUSING MARKET INDEX: 9 V 9E

[13:01] {Threei}  SPOKESPERSON: AIG PLANS TO RESPOND TO NY AG CUOMO'S OFFICE

[13:02] {Threei}  really? wow

[13:02] {Threei}  we thought they wouldn't lower themselves to responding

[13:03] {dino} see what happens when you take govt "help"

[13:05] {magoo} we in anything vad?

[13:05] {Threei}  well... I have to say, it does seem a bit too much when SIG is rescued by taxpayer money yet gives out generous bonuses, using the bailout funds no less, to those same people who run it into the ground

[13:05] {Threei}  no mags

[13:05] {Threei}  sold FAS and GE

[13:06] {dino} i agree 3i, just stating this is why the banks don't want more

[13:06] {Threei}  yeah

[13:06] {Threei}  gotta keep that talent eh

[13:06] {magoo} ok..took exits there

[13:19] {nemo} GE Va

[13:19] {nemo} reak of .30?

[13:19] {nemo} geez.  GE Vad...break of .30?  then again still lunch time

[13:19] {nemo} oops

[13:21] {Threei}  yeah, I'd prefer to hunt for pullbacks

[13:21] {Threei}  at least you get more than 3-5 cents move, and the stop is tighter

[13:22] {nemo} To think or not to think????

[13:22] {Threei}  resounding no

[13:22] {nemo} Yeah, except for what, RIMM, it's basically been scalping

[13:22] {nemo} hurts

[13:22] {Threei}  well, last two plays on GE and FAS offered more than a scalp

[13:23] {Threei}  but mostly thanks to exactly that kind of entry

[13:23] {Threei}  pullbacks, tight stops

[13:23] {Threei}  ECB'S TRICHET: ECB IS IN CLOSE CONTACT WITH OTHER INSTITUTIONS

[13:23] {nemo} yeah...tight stop plays 

[13:23] {Threei}  I hope they don't mean mental ones

[13:24] {nemo} maybe they're swapping spit

[13:24] {nemo} sorry...that even viscerally disgusted me

[13:26] {Threei}  ECB'S TRICHET: EURO IS 'IRREPLACEABLE', IMPORTANT DURING DIFFICULT TIMES

[13:26] {Threei}  why do I find it hard to believe

[13:29] {Threei}  GE pullback into support

[13:31] {Threei}  in .23

[13:32] {Threei}  stop .19 or 16, depending on your trading idea here

[13:32] {magoo} in .24

[13:33] {dawg} in earlier.22 GE

[13:35] {Threei}  lol, with .22 entry you have almost 1:2 here

[13:35] {Threei}  not almost... 1;2

[13:35] {Threei}  beauty of pullback entries

[13:35] {magoo} vad..where u waiting so i can undercut :)

[13:36] {Threei}  {--- not saying

[13:36] {Threei}  scalpers offer .30

[13:36] {magoo} sheesh

[13:36] {magoo} out .33 TY

[13:36] {Threei}  :)

[13:36] {magoo} too many ty today he he

[13:36] {dawg} out .33 ty Vad great bounce call

[13:36] {Threei}  sorry

[13:37] {magoo} goes against every fiber in my being

[13:37] {Threei}  I'll try to make a few losing calls now

[13:37] {magoo} then u get "f'y" lol

[13:37] {Threei}  but that will be in tune with your natural inclinations

[13:37] {magoo} yea...grinn everytime i say it

[13:38] {Threei}  FAS .75 was same entry idea... missed it

[13:39] {magoo} read AAPL vad

[13:39] {Threei}  let's see...

[13:39] {Threei}  A...

[13:39] {Threei}  then A again...

[13:40] {Threei}  then, umm.... hmmm P?

[13:40] {magoo} OY

[13:40] {nemo} he's becoming insufferable

[13:40] {ese} hows everyone doin?

[13:40] {ese} i'm back

[13:40] {ese} everybody filthy stinking rich yet?

[13:40] {Threei}  I am torturing magoo, ese

[13:40] {ese} beauty

[13:41] {magoo} ok..took aapl .35

[13:44] {Threei}  nice spike

[13:45] {magoo} out AAPL

[13:46] {Threei}  BAC wants 7 and above, FAS 6 and above

[13:47] {nemo} pullback to .85 on FAS, now on BAC?

[13:48] {Threei}  market dependent but the general idea is this

[13:48] {Threei}  hard to tell whether we get any more pullbacks...

[13:50] {dino} cpla stop to .15\

[13:50] {dino} out .16, +.96

[13:52] {magoo} keep eye on WFC vad

[13:52] {nemo} here come the eye jokes

[13:54] {nemo} mmhhh..I was going to say, don't like the way FAS was just hanging there

[13:55] {Threei}  it's back into support

[13:55] {nemo} yep

[13:55] {Threei}  watch the market, both FAS and BAC are buyes when market reverses

[13:57] {dino} when?

06[13:58] * magoo slaps laserdave around a bit with a large trout

[13:59] {Threei}  in BAC .74

[13:59] {Threei}  in FAS .76

[14:02] {Threei}  come on things, move already

[14:05] {Threei}  I meant move UP, you two idiots

[14:05] {nemo} what i do?

[14:06] {Threei}  grrr

[14:06] {Threei}  stopped

[14:06] {nemo} stoppe

[14:07] {dawg} stopped

[14:11] {laserdave} laserdave smacks magoo with a skinny trout

06[14:12] * magoo slaps laserdave around a bit with a large trout

[14:12] {magoo} vad??

[14:12] {Threei}  hmm?

[14:13] {magoo} slap dave?

[14:13] {Threei}  nah... I am trying to mature beyond pillow fights

[14:13] {nemo} dueling pistols

[14:18] {Threei}  still feels to me like up is the way to go but finding entries here is not easy

[14:19] {nemo} in fas .72

[14:19] {dino}  ceco sm l .98

[14:24] {nemo} stopped .63

[14:32] {Threei}  a lot of indecisiveness here... waiting it out

[14:35] {dino} apol trig .00 sm l

[14:36] {dino} pulp so careful

[14:40] {magoo} vsad..GS bounce?

[14:40] {Threei}  can't tell mags

[14:40] {Threei}  need anoter pullback and higher low

[14:42] {dino} ceco stop to .38

[14:43] {dino} out ceco .38, +.40

[14:49] {dino} uthr sm l .48

[14:52] {Threei}  let's see if we can get double bottom here

[14:52] {Threei}  .55 FAS support

[14:53] {dino} uthr stoped -.28

[14:53] {Threei}  not holding but seloff very sharp

[14:54] {dino} f'ing reverse slip

[14:54] {Threei}  in .51, stop .48

[14:55] {Threei}  can I afford 3 cents stop?

[14:55] {magoo} depends..u have 200,000 shares?

[14:55] {nemo} wise-ass

[14:55] {Threei}  remember I said I was trying to outgrow pillow fights?

[14:55] {Threei}  I changed my mind

06[14:55] * Threei slaps magoo around a bit with a large trout

06[14:56] * nemo slaps Threei around a bit with a large with a concrete pillow

[14:56] {magoo} :)

[14:56] {nemo} got your back mags

[14:56] {vinod} fas in 5.47

[14:57] {magoo} ty

[14:57] {Threei}  careful vinod, keep tight stops

[14:57] {nemo} vinod...were you a motorcycle jumper in an earlier career?

[14:57] {Threei}  market is not reversing so far

[14:57] {vinod} sto is at 5.44

[14:57] {vinod} i just came in-nemo no jump

[14:59] {magoo} mkts clubbed

[14:59] {magoo} gs lows

[14:59] {vinod} wow!!!!!!!! what happen

[14:59] {nemo} FAS bouncing off morning support

[15:00] {magoo} vinod..it was breaking down

[15:00] {magoo} do not buy vads stops imo

[15:00] {Threei}  WSJ: US TREASURY TO UTILIZE ITS $30B INFUSION TO FORCE REPAYMENT OF BONUSES

[15:02] {magoo} financials getting CLUBBED

[15:03] {dino} like a baby seal

[15:03] {nemo} if FAS doesn't hold this bottom, closes gap to Friday?

[15:04] {vinod} nemo you should have told me to buy faz at 35

[15:04] {nemo} I'll make a mental note to tell you next time it's a buy

[15:04] {nemo} Sorry

[15:04] {magoo} [15:04] {vinod} nemo you should have told me to buy faz at 35

[15:04] {magoo} REALLY

[15:04] {nemo} Then again...Vad told me not to think...it's his fault

[15:05] {nemo} FAS to Friday

[15:13] {magoo} any bounce candidates lord vader?

[15:14] {i2romantis} lol

[15:15] {dino} apol stopped b/e

[15:15] {Threei}  yeah... FAZ is bounce candidadte {G}

[15:17] {nemo} well....let's go for the double bottom on FAS again!

[15:17] {Threei}  nope

[15:17] {nemo} gonna' close that gap...huh Dino?

[15:17] {Threei}  this is cascading selloff, lower lows

[15:21] {nemo} The circle is complete...FAS

[15:23] {Threei}  very nice panic

[15:23] {Threei}  let's let it settle down

[15:24] {Threei}  gotta wait out extreme fear

[15:24] {nemo} something paradoxical about the term "very nice panic"

[15:24] {Threei}  well... from a trader's point of view :)

[15:25] {Threei}  we don't want them all just to go and go

[15:25] {Threei}  gotta get some new entries

[15:25] {Threei}  and this selloff takes us there

[15:25] {nemo} Yeah, FAS was getting much too expensive

[15:29] {dino} chatter the govt soon will no let shares govt owns in banks/financials to be shorted

[15:29] {nemo} yeah, supposedly that's what's been behind the jumps today

[15:29] {Threei}  well, what was behind the drop then?

[15:30] {nemo} I was just throwing it out there for conversation

[15:30] {Threei}  I just love those explanations

[15:30] {nemo} It's a headline

[15:30] {Threei}  company announces bad earning and stock drops - they say "because of"

[15:31] {Threei}  company announces bad earning and stock goes up - they say "in spite of"

[15:31] {nemo} Oil prices rise on stocks, dollar

[15:31] {Threei}  bunch of entertainers

[15:31] {nemo} Everything is fiction

[15:32] {Threei}  if they gave it a 5 second's pause and thought, they would notice that there was no contra-announcement, yet financials reversed

[15:33] {Threei}  proving beyond reasonable doubt that original explanation for the rise was false

[15:33] {nemo} Of course, since the "news" made it all go up, maybe because it was just "news"  people decided to sell...eh

[15:34] {nemo} spaghetti method of discernment...trhow against wall, see what sticks

[15:34] {nemo} throw

[15:35] {dino} sm l uthr .70

[15:36] {Threei}  FAZ

[15:36] {Threei}  40 break long small sharea

[15:36] {Threei}  stop under .70

[15:37] {Threei}  1:1 half out or scalp

[15:37] {Threei}  1:2

[15:38] {Threei}  out in full +.70

[15:38] {Threei}  lol, too soon

[15:38] {Threei}  anyone??

[15:38] {dawg} got part of it thanks Vad

[15:38] {Threei}  full dollar from trigger

[15:38] {Threei}  dawg :)

[15:38] {vinod} yes.i have them at 40.02

[15:39] {Threei}  1 minute play

[15:39] {vinod} 0ut 40.10

[15:39] {Threei}  don't oversit vinod, end of today is very volatile

[15:39] {Threei}  good job

[15:39] {Threei}  wtg!

[15:39] {Threei}  wait... 40.10?

[15:39] {Threei}  or 41.10?

[15:39] {vinod} 41.10

[15:39] {Threei}  whew

[15:39] {Threei}  scared me :)

[15:40] {Threei}  FAZ really worth playing for more than 8 cents, lol

[15:40] {vinod} too fast to type

[15:41] {Threei}  no kidding

[15:41] {Threei}  this adrenalin-charged stock

[15:41] {Threei}  notice guys, no double bottom worked in FAS drop

[15:41] {Threei}  this is your typical cascaduing selloff

[15:41] {Threei}  not really good idea to be bottom-fishing in that

[15:43] {dino} cpla sm l .75

[15:44] {Threei}  interestingly, while FAS is red, BAC and even dog with flease known as C are solidly green

[15:44] {nemo} they've definitely given up some territory thought

[15:45] {nemo} though

[15:49] {Threei}  too bad day is over

[15:50] {Threei}  we are at the point very likely tyo produce reversal

[15:50] {Threei}  if not 10 min till the end of trading session I would go for trend reversal here

[15:51] {dino} out cpla .30, +.55

[15:55] {vinod} see you tomorrow

[15:55] {Threei}  AIG

[15:55] {Threei}  US TREASURY OFFICIAL CONFIRMS THAT US WILL ADD PROVISIONS TO $30B AID PAYMENTS TO RECOUP BONUS PAYMENTS

[15:55] {Threei}  how about:

[15:55] {Threei}  it was idiotic on our part not to have any provisions to bailout money in a first place

[15:56] {Threei}  now that we provided money with no strings attached, we are so enraged that they take money with no strings attached

[15:57] {Threei}  mags, you here?

[15:58] {nemo} low volume on the Nas

[15:59] {Threei}  and Dow?

[15:59] {nemo} 190%

[15:59] {nemo} S&P 125%

[16:00] {Threei}  okay gys

[16:00] {Threei}  thank you all

[16:00] {Threei}  havce a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {vint} Thanks Vad, good evening all

[16:00] {nemo} gnite

[16:01] {dino} thx all, good times

[16:01] {Threei}  ENER

[16:02] {Threei}  Q3 GUIDANCE NO LONGER APPLICABLE DUE TO ECONOMIC ENVIRONMENT

[16:04] {Threei}  ENER getting killed

Mar 13 2009

Mornng brought powerful plays on financial stocks. 50 cents on WFC, nice runs on FAS and BAC made the day. Second half was not too active as the pace slowed greatly. By any standard, very nice end to a week.

Session Time: Fri Mar 13 00:00:00 2009

[08:34] {Threei}  Good morning

[08:34] {cosmo} PALM springs...

[08:34] {nemo} heheeheheh

[08:34] {nemo} See that second link

[08:35] {Threei}  cosmo, nemo :)

[08:35] {cosmo} :)

[08:35] {nemo} cosmic :)

[08:35] {Threei}  05:53am [PALM] RBC Raised PALM to Outperform from Sector Perform

[08:35] {nemo} Only saw that 3 minute clip, but boy did Cramer take it in the shorts.  Give him credit for going on

[08:36] {nemo} Does that make it a sell?

[08:36] {cosmo} nemic:)

[08:36] {Threei}  BROADPOINT CAPITAL RAISED DELL TO NEUTRAL FROM SELL, PRICE TARGET: $11.50

[08:36] {Threei}  - Says stock is already discounting the challenging fundamentals.

[08:38] {nemo} geez...stretching their necks out on that 11.50 target...

[08:39] {Threei}  http://www.youtube.com/watch?v=tIPqe5bsjx4

[08:40] {nemo} It's up...was looking for that earlier this morning.

[08:42] {cosmo} QGEN

[08:42] {Threei}  JPM

[08:42] {Threei}  SHARES INITIATED AT OUTPERFORM AT BAIRD, PRICE TARGET $33

[08:44] {Onix} Good morning

[08:44] {Threei}  onix :)

[08:47] {nemo} John Stewart did a great job...impressive

[08:47] {Threei}  he was more restrained than in previous segments

[08:48] {nemo} well, he was treating this as a news story as opposed to a comedy skit...fantastic.

[08:48] {cosmo} same thing i thot

[08:49] {cosmo} i like the blend

[08:49] {nemo} I'm sorry cosmo...you thinking the same thing as me is not a sign of mental health.

[08:49] {nemo} remember, Vad always tells me not to think

[08:50] {cosmo} i understand

[08:50] {nemo} thanks

[08:51] {buyemsellem} morning. watching stewart/cramer to kick things off

[08:51] {nemo} Mmmmmhhhhh....Friday the 13th heading into the Ides of March. et tu Vad?

[08:52] {Threei}  buyem :)

[08:54] {Threei}  this is interesting read:

[08:54] {Threei}  http://seekingalpha.com/article/125860-how-the-u-s-banking-system-was-madoffed-by-the-fasb?source=yahoo

[08:55] {nemo} see where the Chinese are voicing concern over US Debt?

[08:55] {Threei}  shrug

[08:56] {cosmo} debt happens

[08:56] {Threei}  eqzaktly

[08:56] {Threei}  they may express concerns... so what

[08:57] {cosmo} they could send troops

[08:57] {cosmo} nah

[08:57] {nemo} I understand there is a certain catch-22 about their situation...to protect their debt, they have to buy debt...but

[08:57] {cosmo} debt eventually eats its own tail

[08:57] {Threei}  nothing would be stupdier than to challenge your debtor, who also happens to be more powerful militarily

[08:58] {nemo} anyway...Vad, what conditions do you require before being comfortable with swing trades?

[08:59] {Threei}  events wise, m2m change to come out and be accpeted by the market as a good solution,

[08:59] {Threei}  chart wise, either puillback with higher low and rally contiuation

[08:59] {Threei}  or

[08:59] {Threei}  consolidation into m2m and breakout

[09:00] {Threei}  all this would show this is more than technical bounce

[09:00] {Threei}  I mean, as nice as it is, on a big scale of things this very small bounce

[09:01] {Threei}  still remains within the framework of "little bounce after huge selloff"

[09:02] {nemo} 3 days...BFD...of course, now the banks are saying they're healthy, so how much of a manipulation/scam has the last few months been...now m2m is being questioned and possibly adjusted, and as you said yesterday about things not being as bad...from a financial structure point of view...as we thought. 

[09:02] {dptl} good morning

[09:02] {Threei}  dp :)

[09:03] {Threei}  I don't know how bad things really are... but the thing is, nobody does

[09:04] {Threei}  we still have enormous volume of CDS to unwind

[09:04] {nemo} yes

[09:04] {Threei}  and no one knows how that is going to go

[09:04] {Threei}  we still have major sectors of economy on a brink of collapse

[09:04] {nemo} There is also to be determined whether there has been a secular shift in consumption

[09:04] {Threei}  enter GM

[09:05] {Threei}  so...

[09:05] {Threei}  before we all turn into raging bulls

[09:05] {nemo} Yes, and if OPEC can force the price of oil up...will drain capital away from economy

[09:05] {Threei}  let;'s let the charts tell us what to do

[09:05] {Threei}  I don't think they have any power at this point

[09:05] {nemo} Raging bull...nah...chicken little

[09:06] {Threei}  LVS

[09:06] {Threei}  EARLY STRENGHT ATTRIBUTED TO POSITIVE COMMENTS AT BERNSTEIN

[09:06] {Threei}  - likely use exiisitng assets to survive

[09:06] {Threei}  - reiterates OP rating and $8 PT

[09:07] {Threei}  nice target

[09:08] {cosmo} GM should make free energy motors, mag lev trains, and such

[09:08] {cosmo} their shovel ready for it

[09:08] {cosmo} they're

[09:09] {cosmo} wait...'free' ruins everything ...sorry

[09:09] {magoo} morning

[09:10] {Threei}  magoo :)

[09:10] {vinod} Good Morning

[09:11] {Threei}  vinod :)

[09:11] {Threei}  BOFA/MERRILL LYNCH INITIATES CLNE WITH NEUTRAL, PRICE TARGET: $5.50

[09:12] {magoo} game plan vad?

[09:13] {Threei}  pretty much same as yesterday for the first half of the day:

[09:13] {Threei}  assuming rally xcxontinues want to buy pullbacks and let the move develop, as we did with GE yesterday

[09:14] {Threei}  if that works as planned, then re-evaluate second half of the day to try and gauge

[09:14] {Threei}  whether profits will be taken into the weekend or shorts will run screaming

[09:15] {vinod} do you think FAZ may be good buy if market goes up 150

[09:16] {Threei}  I don't think in these terms

[09:16] {Threei}  why 150? why not 50 or 250?

[09:16] {vinod} sorry, thanks

[09:16] {Threei}  it's arbitrary numbers

[09:16] {Threei}  FAZ will be a good buy when this rally peters out

[09:17] {Threei}  and the question when it happens is something no one on tha planet is able to answer I suspect :)

[09:18] {cosmo} they might called the Globero

[09:18] {cosmo} might call it...

[09:18] {ese} morning.......had a late show last night....eyes are barely open....

[09:19] {Threei}  ese :)

[09:19] {ese} you know what they say though...."if your gonna fly with the eagles at night ya gotta learn to walk with the crows in the day"

[09:19] {Threei}  hmmm... you mean youy usually trade with your eyes open??

[09:19] {Threei}  I gotta try that...

[09:20] {dino} gm all

[09:20] {nemo} Why Vad, you have the 3rd eye-omniscient, all seeing...cough!

[09:20] {Threei}  dino :)

[09:21] {ese} I did trade with my eyes open ...it wasn't as much fun as just randomly selecting stuff

[09:21] {dino} that his wandering eye

[09:22] {Threei}  BALTIC DRY BULK INDEX -3.6%, 3RD STRAIGHT DECLINE ; LARGEST FALL SINCE FEB 13TH

[09:22] {cosmo} also a friday

[09:22] {cosmo} hmm

[09:24] {Threei}  STT very small gap comparing to the rest

[09:24] {Threei}  I'd expect it to do its usual sharp move down after open

[09:24] {cosmo} PALM pre nkt high = 8.40   fwiw

[09:24] {dino} es, i use the coin flip system

[09:24] {cosmo} mkt

[09:28] {vint} good morning all

[09:28] {Threei}  vint :)

[09:29] {Threei}  I reposted in the floor for late arrivals

[09:31] {Threei}  STT pulling back

[09:32] {Threei}  prepare half lot

[09:32] {Threei}  be ready but don't jump in too early

[09:33] {Threei}  23 break long

[09:34] {nemo} blew by

[09:34] {Threei}  back into it, next support is .75

[09:34] {Threei}  to put a stop under

[09:37] {ese} L DRYS .21

[09:37] {ese} bounce

[09:38] {dino} online edu hit

[09:38] {vinod} stt in 22.86

[09:39] {ese} if the Q's turn against me i'm out

[09:39] {Threei} Long Setup:  FAS  .25

[09:39] {Threei}  stop under .10

[09:44] {vinod} stt out 23.05

[09:44] {Threei}  market is still a bit hesitant

[09:44] {Threei}  not very clear

[09:44] {ese} DRYS hangin in there

[09:44] {dino} apol, esi, cpla blood

[09:45] {Threei} Long Setup:  WFC  .20 break if stays above 14

[09:48] {dino} apol gap fill from mon. close

[09:49] {dino} esi woprking on it

[09:49] {Threei}  okay market, time for higher highs

[09:49] {dino} filled

[09:52] {dino} v s .00, stop .37

[09:54] {fernp} Hello everybody

[09:54] {Threei}  fern :)

[09:55] {Threei}  *MARCH PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 56.6 V 55.0E

[09:55] {Threei} Long Setup:  BAC  .16 if stays above .10

[09:55] {wulff} probably alot of short screaming FALL!!! but so far no go

[09:55] {dino} cov v .60, +.40

[09:56] {dino} too soon

[09:56] {Threei}  we need to hold the lows of these pullbacks and start making new highs

[09:56] {dino} pins and needles mode

[09:56] {Threei}  if this happens, we are in for the stunning rally

[09:56] {ese} i;m all for the higher highs theory

[09:57] {dino} still not liking those mon. close gaps

[09:59] {ese} tick showing a tad bit more buying coming into the market...not much though

[09:59] {dino} es apol

[09:59] {Threei}  okay, things start looking as we want them to

[10:00] {nemo} 1/2 out fas .29 in .19

[10:00] {Threei}  next push should end this nonsense and launch us into rally territory

06[10:00] * Threei kicks the market in the rear

[10:01] {ese} thinkin bounce dino apol

[10:01] {dino} yes

[10:01] {dino} was at 64.60 just moved to .00

[10:01] {dino} esi, cpla same deal

[10:02] {Threei}  OK... let it be last pullback

[10:02] {Threei}  this grind requires more patience than I am accustomed to over last few months, lol

[10:02] {ese} i just added 2nd lot on DRYS after high low....want to watch apol though

[10:02] {Threei}  BAC at 1:1, holding

[10:03] {Threei}  not a scalp for me

[10:03] {ese} .50 bounce right there

[10:03] {ese} really nice bounce APOL

[10:04] {Threei}  WFC over 1:1 here, taking half off

[10:04] {ese} come on DRYS

[10:05] {magoo} out WFC .44 TY

[10:05] {Threei}  +.27

[10:05] {dino} well that sucked missed esi and apol

[10:05] {Threei}  BAC 1:2, half out

[10:05] {ese} whoa dino....nice bounce APOL

[10:05] {Threei}  WFC stop to .15

[10:06] {ese} NOOOOOOO say it isn't so dino.........

[10:06] {dino} so

[10:06] {nemo} 1/4 more fas .39

[10:06] {Threei}  FAS baby

[10:06] {magoo} out FAS .41 TY

[10:06] {Threei}  welcome

[10:06] {ese} trin falling tick climbing....come on market

[10:06] {nemo} ty vad

[10:06] {Threei}  half out FAS

[10:07] {Threei}  nemo :)

[10:07] {dino} cpla sm l .14

[10:07] {nemo} stop to where on fas vad?

[10:07] {Threei}  stop to .15

[10:07] {Threei}  I am really giving the room to breathe tosday, ain't I

[10:07] {nemo} you is

[10:08] {Threei}  WFC, out in full here

[10:08] {Threei}  +.52

[10:10] {Threei}  BAC 1/4 more out .29

[10:10] {nemo} out fas .45

[10:10] {nemo} ty vad

[10:11] {Threei}  FAS 1/4 more out .43

[10:11] {wulff} good calls

[10:11] {Threei}  ty

[10:11] {nemo} the Vadinator

[10:12] {Threei}  stops for last little pieces:

[10:12] {Threei}  BAC .14

[10:12] {Threei}  FAS .19

[10:12] {ese} could have walked from here to vads house for the amount of time drys is taking

[10:13] {Threei}  lol

[10:13] {Threei}  don't intend to lose money on these last portions as you see,

[10:13] {ese} put the coffee on vad

[10:13] {Threei}  and eant to leave them some room

[10:13] {Threei}  coffee?

[10:13] {Threei}  coffee??

[10:13] {nemo} you'll have to drink it black, ese

[10:13] {Threei}  come on

[10:13] {nemo} voka

[10:13] {nemo} vodka

[10:14] {Threei}  dp says

[10:14] {Threei}  no vodka - me no go"

[10:14] {dptl} lol

[10:14] {dino} old mossback rimm not following

[10:18] {ese} can barely see this morning as it is.....vodka would make me blind

[10:18] {Threei}  ok ese... softened version, just for you:

[10:18] {Threei}  coffee via hypodermic needle

[10:19] {ese} that'll work nicely

[10:21] {Threei}  kind of defining moment now

[10:21] {Threei}  FAS breaks .50, next leg starts

[10:21] {Threei}  if can't, we may get a breather

[10:21] {Threei}  BAC baby

[10:22] {Threei}  FAS baby

[10:23] {Threei}  let's start trailing morfe agressively

[10:23] {dino} ctrp

[10:23] {Threei}  FAS new stop is .34

[10:24] {nemo} Would new entry for FAS be break of .50

[10:24] {nemo} I'm out 

[10:24] {Threei}  BAC .24

[10:24] {Threei}  I hate breakoutys on this type of stocks

[10:25] {Threei}  okay

[10:25] {Threei}  out FAS

[10:25] {Threei}  gotta sit it out now and evaluate what's happening

[10:26] {dino} cpla stopped -.38

[10:26] {Threei}  pullback is a bit too sharp for my taste

[10:26] {nemo} Friday the 13th...I don't think this will be another euphoric day going into the weekend...steady digestion would be a success

[10:27] {dino} ctrp sm s .01

[10:29] {dino} bstop is .33

[10:30] {Threei}  sharp drop FAS

[10:31] {Threei}  not sure what's happening but happy with my exits

[10:32] {Threei}  I don't see any news

[10:32] {nemo} I think your comment is probably prevalent out there in the markets

[10:32] {nemo} Dino's retracements

[10:32] {ese} somethings rotten in Denmark....market internals not looking so good

[10:34] {Threei}  BAC is interestingly storng vs FAS

[10:36] {nemo} C might be setting up for a short, but looks like the markets are strengthening a tad

[10:39] {dino} ctrp bstop to .91 friday scalp mode

[10:39] {dino} to .75

[10:40] {dino} to .61

[10:41] {dino} riding it like a beat mule

[10:41] {dino} cov .61, +.40

[10:41] {magoo} WFC here long vad?

[10:41] {Threei}  not sure

[10:42] {dino} cpla lasyt try .15 sm l

[10:42] {Threei}  WHITE HOUSE ADVISOR SUMMERS: NEXT ECONOMIC EXPANSION SHOULD BE 'SOUND' AND NOT DUE TO 'FINANCIAL EXCESS'

[10:42] {nemo} seems to be following market

[10:42] {nemo} that would be new...the last three were because of financial excess

[10:43] {dino} you have to define the word "should"

[10:43] {Threei}  ugh... sorry, forgot to post BAC exit on the last poriton at .41

[10:45] {dino} ice, v, aapl, rimm

[10:45] {Threei}  - says can not predict when the crisis will end.

[10:45] {nemo} 2012

[10:49] {Threei}  consumer spending has appeared to stabilize

[10:52] {Threei}  glad we stayed away from WFC

[10:52] {Threei}  very unclear moment here

[10:54] {Threei}  - Comments that Obama will dicuss funding of emerging markets and increasing overall global demand at the G20 meeting (Note: White hosue press sec Gibbs made similiar forecasts yesterday)

[10:54] {Threei}  - Remarks that bank stress tests will create 'necessary adjustments'

[10:54] {Threei}  ummm

[10:54] {Threei}  funding of emerging markets?

[10:54] {Threei}  are we bailing out the world now?

[10:56] {Threei}  don't jump on these pullbacks just yet

[10:57] {nemo} they're only pieces of paper...

[10:57] {Threei}  well, they are IOUs

[10:57] {nemo} If they were a softer ply they'd actually be useful

[10:58] {Threei}  I am not trying to buy here, prefer to miss the bounce than to get caught in the next wave of selling

[10:59] {Threei}  our morning gains is nothing to sneeze at

[10:59] {Threei}  I'll better sit out a few hours of unclear actions than jeopradize them needlessly

[10:59] {Threei}  NASDAQ went red

[11:00] {Threei}  DJI is light green, S%P ia barely above the water

[11:00] {Threei}  look at FAS and WFC

[11:00] {nemo} BAC too

[11:00] {Threei}  yeah

[11:01] {Threei}  BAC is better bounce candidate

[11:02] {nemo} pNeed a double bottom after this drop?

[11:02] {Threei}  WFC actually managed to go red

[11:03] {Threei}  BAC support is 6.05 now

[11:03] {Threei}  pullback closer to it and pause is a valid entry point for double bottom

[11:03] {nemo} indexes turning up

[11:04] {Threei}  no way to tell where this pullback on BAC will bottom, watch FAS for guidance and try to catch the price close enough to support for stop comfort

[11:05] {Threei}  and don't jump on price alone, your signal is drop, pause, uptick

[11:06] {Threei}  watch FAS to turn up

[11:06] {nemo} yeah, could be upside down C&H

[11:06] {Threei}  right

[11:07] {Threei}  lost .05

[11:07] {Threei}  FAS drops like a stone

[11:07] {nemo} got a long way to go

[11:07] {nemo} look for .80?

[11:08] {Threei}  don't know

[11:08] {Threei}  it's not about prices at this point

[11:08] {nemo} just being academic falling knives and all

[11:08] {Threei}  this is not a technical move that can be read in terms of support resistance

[11:09] {Threei}  all markets are red

[11:09] {Threei}  now tell me... aren't you happy to be a DAY trader these days?

[11:09] {Threei}  we caught a beautiful march up in the morning,

[11:10] {Threei}  we correctly determined the potential, more than a scalp but not a full day hold yet,

[11:10] {Threei}  exited very close to the top

[11:10] {Threei}  and sat out this fall of a cliff

[11:11] {Threei}  and if you all fell asleep I will too

[11:30] {fernp} .

[11:31] {Threei}  we are in deep coma fern

[11:31] {Threei}  which is to say, we are in our normal state IQ wise

[11:31] {dptl} yawn......

[11:32] {fernp} I have to learn to do that

[11:32] {Threei}  it's easy

[11:32] {Threei}  ask dp

[11:32] {dptl} it' easy....Firn...vodka is the key..

[11:32] {Threei}  involves healthy dose of Stoli

[11:33] {dptl} sorry fern..

[11:34] {fernp} no problem. Looking for vodka right now

[11:35] {dptl} it's should be in the fridge...always..no need to look for it then..:)

[11:41] {Threei} Long Setup:  BAC  6 break, just a scalp

[11:42] {nemo} stop?

[11:43] {Threei}  depends on where it bottoms on this pullback

[11:43] {Threei}  under .90 invalidated

[11:43] {Threei}  .96 held

[11:43] {Threei}  so if breaks from here, you have your stop

[11:46] {Threei}  market weakens more

[11:46] {Threei}  so does FAS

[11:46] {Threei}  good test for BAC's resolve

[11:46] {nemo} out

[11:48] {Threei}  ECB'S WELLINK: IT IS NOT AN OPTION FOR GREECE OR ANY OTHER COUNTRY TO LEAVE THE EMU

[11:48] {Threei}  - notes there is flexibility in the EMU stability pact to exceed the 3% deficit limit.

[11:48] {Threei}  no?

[11:48] {Threei}  once you are in, you are in forever?

[11:57] {Threei}  anyone's awake still?

[11:57] {nemo} yeah

[11:57] {Threei}  or let's bag out astounding morning profits and go enjoy weekend?

[11:57] {Threei}  out = our

[11:59] {Threei} Long Setup:  PALM  8 break

[11:59] {Threei}  stop under 7.90 for scalpers, under 7.80 for day trade

[12:01] {Threei}  hmmm... there is a stock named MAGS

[12:02] {nemo} do they make beer drinking machines?

06[12:02] * Threei slaps magoo around a bit with a large MAGS news headline

[12:02] {Threei}  ANNOUNCES THAT IT EXPECTS TO INCUR NON-CASH WRITE-OFFS AND ESTABLISH RESERVES FOR TERMINATION EXPENSES

[12:04] {vinod} in palm 8.00

[12:04] {Threei}  it didn't break yet

[12:05] {Threei}  when it's bumping on the resistance for that long, it's actual break you want to see before entering

[12:05] {vinod} 8 breaks means if it breaks 8.00?

[12:05] {Threei}  [11:59] {Threei} Long Setup: PALM 8 break

[12:05] {vinod} got it

[12:05] {Threei}  meaning, it's sets up for ther trade if breaks 8

[12:05] {Threei}  look at the chart, you'll see it testing 8 for a while

[12:06] {Threei}  break of resistance serves as a trigger for the trade

[12:07] {vinod} thanks

[12:17] {wulff} what should we talk about?

[12:17] {Threei}  flowers?

[12:17] {wulff} i have some nice orchids

[12:17] {Threei}  I don't

[12:18] {wulff} facinating

[12:18] {Threei}  CAT is trying the low

[12:18] {Threei}  if market drops sharply, could be a short

[12:18] {Threei}  let's say .10 trigger

[12:20] {Threei}  so far nearest resistance is .20, for hardcore scalpers .15

[12:24] {dino}  hmmmmmmmmmmmmmmmm

[12:26] {wulff} drys .05 long

[12:27] {wulff} stop .99

[12:31] {wulff} how about roses?

[12:32] {Threei}  couple shrubs

[12:32] {wulff} flowers grow in russia?

[12:32] {Threei}  umm... well... yes

[12:33] {wulff} snow and all...

[12:33] {nemo} snow flowers

[12:33] {Threei}  not 12 months a year...

[12:33] {wulff} well... now we're discussing

[12:34] {Threei}  cool... polar bears don't eat roses

[12:34] {Threei}  (random fact)

[12:36] {Threei}  polar bears don't eat penguins either

[12:36] {Threei}  (another random fact)

[12:36] {nemo} should I tell them about how to catch  a polar bear?

[12:36] {Threei}  them - penguins?

[12:36] {nemo} in general?

[12:38] {Threei}  TM SUSPENDING PRODUCTION AT RUSSIAN PLANT

[12:39] {Threei}  Russia is back to Lada?

[12:41] {vinod} my family used t have a car Volga

[12:42] {Threei}  yup... luxury brand

[12:43] {vint} prez on tv?

[12:44] {Threei}  not that I see

[12:45] {Threei}  I actually start experiencing withdrawal symptoms

[12:45] {vinod} going toward green on marlket?

[12:46] {Threei}  trying...

[12:49] {wulff} if drys is not moving with this pop, should I consider it no go

[12:49] {Threei}  hard to tell

[12:49] {Threei}  could be dead, could be biding its time

[12:53] {ese} Outta here for the weekend all....take care

[12:54] {Threei}  have a good one ese

[12:54] {ese} will do vad.....still nursing DRYS......we'll see what happens at the end of the day

[12:56] {nemo} RIMM creeping

[12:56] {wulff} snoozer huh?

[12:57] {vint} vad-is market volatile whole last year or just recently?

[12:57] {Threei}  this volatility is nothing vs what we had in the fall

[12:57] {Threei}  Sept - Oct were the highest I've ever seen

[12:57] {nemo} what's the vix at?

[12:58] {vint} thanks

[12:59] {wulff} was 41 yest.

[12:59] {nemo} what was it, in the 90's in the fall?

[12:59] {Threei}  80+, yeah

[12:59] {Threei}  highest ever

[12:59] {nemo} so half the volatility?

[13:00] {nemo} BAC C&H A.94?

[13:00] {Threei}  yeah

[13:00] {Threei}  right chart, wrong time

[13:00] {nemo} lunch time?

[13:01] {Threei}  yes

[13:01] {nemo} roger that

[13:02] {Threei}  why don't they come out now and sayy we are abandoning m2m

[13:02] {Threei}  we would buy 5K FAS, 5K BAC

[13:02] {Threei}  and make our monthly profit in one hour

[13:03] {_skylan8} rimm looks like breaking out here ?

[13:03] {nemo} make the year if we waited all day :) that's a lot of vodka

[13:03] {Threei}  same thing as for FAS, skylan

[13:03] {Threei}  at this time of the day more setups tend to fail than work

[13:04] {Threei}  kind of too random

[13:04] {nemo} yeah, watching that too.

[13:06] {_skylan8} ok

[13:12] {nemo} well, FAS and BAC setting up for a JB?

[13:13] {nemo} SPY also

[13:13] {Threei}  probably...

[13:13] {_skylan8} what is JB?

[13:13] {Threei}  JBE?

[13:14] {nemo} Either a Jump Base Implosion or Explosion, depending on whether you think it's going up or down...it's a chart pattern

[13:14] {nemo} see how FAS and SPY just popped?

[13:15] {Threei}  JBE = Jump-Base- Explosion setup

[13:15] {Threei}  DBI - Drop-Base-Implosion

[13:16] {nemo} oops, screwed up the acronym

[13:16] {nemo} sorry VAD

[13:16] {magoo} STT bounce vad?

[13:16] {nemo} everything just bounced

[13:17] {Threei}  STT is a bit weird

[13:17] {Threei}  not sure

[13:19] {dino} sidetracked here

[13:31] {nemo} BAC Vad, or is it teasing us?

[13:32] {Threei}  I have hard time gauging this move

[13:32] {Threei}  volume and pace are practically non-changing

[13:32] {Threei}  no feel of the direction of pressure

[13:34] {dino}  grrrrrrrrrrrr, big misses on apol, esi

[13:35] {dino} asleep at the wheel on them

[13:37] {dino} i underestimated esi, was at 98.80 in wait

[13:38] {Threei}  see this sudden drop FAS?

[13:38] {nemo} yes

[13:39] {Threei}  this is exactly kind of things that I feel can happen any second on the move like this

[13:39] {Threei}  and it keeps me on a sideline

[13:39] {nemo} landmines everywhere

[13:40] {dino} hmmm and all along i thought it was your un-athletic abilities

[13:41] {nemo} whoa, Dino

[13:41] {dino} :)

[13:43] {dino} guess i hurt his feelings

[13:43] {Threei}  you would, if I could read

[13:43] {Threei}  but, since I can't... you are safe

[13:44] {Threei}  on second thought...

[13:44] {dino} ahhhh, ty 3i-son

06[13:44] * Threei slaps dino around a bit with a large 50 lb dumbbell

06[13:45] * nemo slaps dino around a bit with a large Emily Post's "Rules of Etiquette"

[13:45] {dino} ouch!

[13:45] {dino} see those sparks fly, like steel on steel

[13:45] {Threei}  lol

[13:45] {dino} cpla stop to .78 

[13:45] {nemo} steel on lead you mean

[13:45] {vint} prez on tv- talking about economy

[13:46] {dino} ok

[13:46] {nemo} you're jokin'?

[13:46] {Threei}  no

[13:46] {Threei}  he is on

[13:46] {nemo} only first time though, must be sick

[13:46] {dino} he's like the cnbc bunch w/someone talking in his ear so he knows what to say

[13:50] {dino} out slippage both ways, ave .83, +.68

[13:50] {dino} cpla

[13:55] {dino} rimm l .49

[13:56] {nemo} ballsy ino

[13:56] {nemo} Dino

[13:57] {dino} feeling a turn, tight stop .37

[13:57] {dino} and of course, fortune favors the bold

[13:57] {nemo} funny, guys on point get shot first

[13:58] {dino} lol

[13:58] {dino} of course, the east of the saying, "darkness lies an inch ahead"

[13:59] {dino} the rest

[13:59] {nemo} And of course, "I couldn't tell if that is a light at the end of the tunnel, or an oncoming train?"

[14:01] {dino} darn v was my other choice, i choose badly

[14:01] {wulff} PALM

[14:03] {_skylan8} 3i if oil goes up $1 a barrel how much would DXO go up  approximate?

[14:03] {nemo} match it up to the various measures of crude out there?

[14:04] {Threei}  no idea skylan, sorry

[14:04] {Threei}  never tracked that

[14:04] {wulff} if oil goes up in the woods...

[14:04] {_skylan8} ok

[14:05] {Threei}  PALM

[14:05] {Threei}  HEARING RENEWED TAKEOVER CHATTER

[14:05] {Threei}  - DELL rumored as a potential bidder

[14:05] {Threei}  lol... remember we once discussed that

[14:06] {dino} msft should

[14:06] {nemo} not too long ago

[14:06] {Threei}  DELL said to be looking into entry in mobile phones,

[14:06] {Threei}  and we speculated that PALM ould be a target

[14:09] {nemo} Nice Dino my .52 bid didn't get hit

[14:09] {dino} out rimm .61, +.12

[14:10] {dino} ty nemo, lucky

[14:12] {nemo} Volume,except for DOW looks like people tiptoeing into the weekend

[14:12] {wulff} next hour will tell

[14:12] {_skylan8} 3i when you say to stop out do you use broker automatic stops or just mental stop and pull trigger yourself?

[14:12] {Threei}  yeah, activity should resume closer to eod

[14:13] {Threei}  people will start repositioining

[14:13] {Threei}  I prefer mental stops

[14:13] {Threei}  they require discipline

[14:13] {Threei}  but if that is not an issue, they have a lot of advantages over hardwired ones

[14:15] {_skylan8} i use mbtrading and automatic stops but can marketmakers see where my stops are?

[14:15] {dino} fwiw i prefer auto stops on naz

[14:15] {Threei}  that's not an issue at all skylan

[14:16] {dino} on naz no

[14:16] {Threei}  unless you trade hundrerds of thoudands of shares, who cares

[14:16] {Threei}  if you trade 1-2-5K shares, no one is going to run around looking for your stop placement

[14:16] {_skylan8} ok thnks

[14:17] {Threei}  it can feel sometimes as if they were looking for your specific stop location, as stock reverses right after taking you out

[14:17] {dino} nemo, v nice range

[14:17] {Threei}  but it's more related to most placing their stops in the same places

[14:18] {Threei}  and no, marketmakers can't see it

[14:18] {nemo} ascending Dino, but these dumps...look at RIMM

[14:18] {Threei}  your broker can IF the stop is serevr-sided, not client-sided, and IF he cares at all

[14:18] {wulff} I actually have laser eyesight

[14:19] {Threei}  which, being am agency, he doesn't

[14:19] {Threei}  if he acts as principal, he may

[14:19] {nemo} what wulff...I had laser surgery

[14:19] {Threei}  but direct access brokers don't do that as a rule

[14:20] {nemo} damn Dino, whish I had seen that double top, then I could have called it and not taken it :)

[14:20] {dino} i'm a bottom buyer in bears

[14:20] {nemo} oooohhhhh....how alliterative

[14:21] {dino} lasik, me too

[14:21] {nemo} prefer not to do it again, but went from holding the alarm clock up to my face to 20-13...now, my arms aren't long enough

[14:22] {nemo} http://www.thestockmasters.com/cramer-fired-2006-video-03132009.html

[14:22] {dino} 20-15. alto age setting in

[14:23] {_skylan8} RIMM dropping  fast

[14:23] {vint} for mental stop, what is advisable to pull the trigger when it hits exact stop price or we can be flexible few cents? many times I see price touching mental stop and turning in favor

[14:23] {dino} will rimm hold lod

[14:23] {dptl} have a good weekend all

[14:23] {dino} cya dp have fun

[14:26] {Threei}  take care dp

[14:26] {Threei}  skylan, that depends on how your stock arrived there

[14:26] {fernp} by dp

[14:27] {fernp} bye

[14:27] {Threei}  if it dipped fast and paused, it's often bouncing back right away

[14:27] {Threei}  so in such cases I tend to wait a little

[14:27] {Threei}  and sell if selling resumes

[14:27] {Threei}  but if your stock slid gradually into stop level and brokeit, get out right away

[14:28] {Threei}  oops, sorry, that was for vint

[14:28] {vint} got,that has been my struggle

[14:28] {vint} thanks

[14:28] {_skylan8} if RIMM breaks low of day should we go short or how low before shorting?

[14:29] {Threei}  RIMM is mostly a market follower

[14:29] {Threei}  your best bet on it is a situation when it stalls right above the support,

[14:29] {wulff} you like PALM here vad?

[14:29] {Threei}  and market breaks down sharply

[14:29] {_skylan8} good point on how it got there 

[14:29] {Threei}  If you manage to catch that little delay that follower often gives, that's the best short entry

[14:30] {Threei}  PALM, not sure...

[14:30] {Threei}  it has slight upward bias but not so compelling that I would be eager to jump in

[14:31] {dino} f'ing cyber, 143 of 1000 at .25 rimm. thx chuck

[14:31] {dino} i'd be out already

[14:31] {nemo} you got chucked

[14:32] {dino} roflol

[14:34] {vinod} i thing fas is strong again

[14:35] {dino} v hk l .47

[14:35] {wulff} hypothetical PALM 1:1

[14:36] {dino} rimm stop to .49

[14:36] {dino} out rimm 

[14:36] {dino} +.24

[14:38] {fernp} gj dino w/your 143 shares

[14:38] {dino} case of beer, (ch)uck job

[14:38] {nemo} awwwwww fern!!!!!!

[14:38] {Threei}  lol

[14:38] {dino} the plan was correct

[14:46] {nemo} dino dcc please

[14:47] {wulff} PALM!! ouch

[14:47] {nemo} get spanked wulff?

[14:47] {Threei}  looks like reacts on market mostly now

[14:48] {wulff} was going to trade..but stayed out

[14:49] {dino} nemo, i'm there

[14:49] {Threei}  ok... let's assume this little pullback is a launching pad the the next leg up

[14:49] {Threei}  if so, FAS .10 break for a scalp

[14:51] {vinod} means any price under .10 ?

[14:52] {Threei}  no... breakout of .10

[14:52] {Threei}  as a trigger for entry

[14:52] {vinod} o.k I awill get ther may take some time

[14:53] {Threei}  if loses 5, ceases to be a breakout play and turns into bounce

[14:53] {vinod} i am taking this note

[14:53] {Threei}  and, if market spikes up from here, grab FAS aggressively right here

[14:55] {Threei}  nothing is clear yet... meaningless noise

[14:55] {Threei}  a few cents up, a few cents down

[14:56] {vinod} will i get all book soon

[14:56] {Threei}  feels like up is the most likely direction

[14:56] {Threei}  but it's like 51/49

[14:57] {dino} out v .71, +.24

[15:04] {dino} amed

[15:05] {fernp} have a nice weekend all. see you all on monday.

[15:05] {Threei}  have a good one fwern

[15:11] {dino} later fernp

[15:12] {nemo} bets on market today?

[15:12] {wulff} +70 +15

[15:13] {wulff} or -70 -15

[15:13] {nemo} definite maybe, huh pal

[15:16] {Threei}  still feels like up to me

[15:18] {cosmo} holx

[15:19] {cosmo} may test

[15:20] {patience} short covering rally...just a pause before down again imo

[15:20] {Threei}  FAS if dives under .10, looking for entry

[15:21] {Threei}  BAC nice buying pressure

[15:30] {dino} iwov

[15:33] {Threei}  C

[15:33] {Threei}  REPORTEDLY OFFERING SOME NEW HIRES IN LONDON GUARANTEED BONUSES OF $2-3M

[15:34] {dino} waiting sm .20

[15:34] {dino} iwov

[15:35] {nemo} nice work if you can get it, huh Vad?

[15:35] {Threei}  I am not moving to London

[15:35] {nemo} rains more than there?

[15:36] {Threei}  I can't understand British accent

[15:36] {i2romantis} lol

[15:36] {nemo} I used to have that problem with Russian accents

[15:36] {wulff} good call on the .10 bounce, did not take it though FAS

[15:36] {cosmo} they can't speak english correctly?

[15:37] {vinod} have a nice weekend to all

[15:37] {Threei}  have a good one vinod

[15:37] {dino} cya vinod

[15:40] {Threei}  IWOV

[15:40] {Threei}  STOCK SLIPS AFTER RELEASE OF ITS 10-K: WEAKNESS APPEARS TO BE A REACTION TO STANDARD 'RISK FACTOR' STATEMENT

[15:40] {Threei}  - "On January 22, 2009, we entered into a definitive agreement to be acquired by Autonomy Corporation plc in an all-cash transaction. Pursuant to the definitive agreement and subject to the terms and conditions set forth therein, Interwoven will be merged with and into a newly formed, wholly-owned subsidiary of Autonomy, with Interwoven surviving the merger as a wholly-owned subsidiary of Autonomy. Our announcement of our proposed transaction with Autonomy could cause a material disruption to our business."

[15:41] {dino} ty

[15:41] {Threei}  I don't get it

[15:41] {dino} circle talk

[15:41] {Threei}  buyout is set, all cash

[15:41] {Threei}  what difference does it make what happens to their business

[15:42] {cosmo} they dont want to loose autonomy

[15:43] {Threei}  don't tell pun was not intended

[15:43] {dino} sm l v .25 stop lod

[15:43] {cosmo} it was  ... hehe ....sorry...

[15:43] {Threei}  :)

[15:46] {Threei}  whole second half of the day was mostly out of my read

[15:46] {Threei}  and today's volume is, ummm

[15:47] {Threei}  would the spelling "redeekoolus" be right?

[15:47] {nemo} redikulus?

[15:47] {Threei}  that's it, thank you

[15:47] {nemo} de nada

[15:47] {dino} stopped v -.28

[15:48] {Threei}  seriously, on NQ volume is 1/3 of yesterdays and 10%(!) of Wed

[15:48] {Threei}  FHFA'S LOCKHART: CURRENT MORTGAGE MODIFICATION BILL COULD HARM FNM AND FRE, SHOULD BE ADJUSTED

[15:48] {Threei}  HARM FNM AND FRE???

[15:49] {Threei}  they can be harmed any more ijn any regard than they have been already??

[15:49] {nemo} could be rediqlus

[15:49] {Threei}  dawg... let's say it together

[15:50] {Threei}  they trade under 50 cents with 2-3 cents range, for CHRISSSSAKE

[15:50] {nemo} not talking about stock...alll the bureaucrat jobs

[15:50] {dawg} yeah boss

[15:51] {Threei}  I'll leave Lockhart to worry about those jobs

[15:51] {dino} iwov .55 l

[15:52] {Threei}  how about someone starts worrying about jobs lost because of the union card bill? or prices skyrocleting because of cap-andf-trade?

[15:53] {nemo} or OPEC squeezing supply

[15:53] {dino} out .67 +.12

[15:54] {dino} v major rinse

[15:56] {dino} v l .05 

[15:57] {Threei}  can anyone with different source verify the volume numbers?

[15:57] {Threei}  seem so out of whack

[15:58] {nemo} Just looking at FINVIZ DOW 150%  NAS 97%  S&P 110% of average

[15:58] {Threei}  ah, OK{ I see where the problem is

[15:59] {Threei}  I watch futures, and there is a rollower day soon

[15:59] {Threei}  I always forget about that

[15:59] {Threei}  so volume dries up on maturing contract

[15:59] {dino} out v .17, +.12

[16:00] {Threei}  just swithced to new one, volume is much better

[16:00] {Threei}  okay guys, beautiful end of the week

[16:00] {Threei}  even with inactive seond half of the day

[16:00] {Threei}  thank you sll, have a great weekend

[16:00] {Threei}  see you on Monday

[16:00] {dawg} thanks Vad and all

[16:01] {dino} thx all best week of year

[16:01] {wulff} ditto

[16:01] {Threei}  great to hear :)

[16:01] {nemo} Peace & QUiet

[16:01] {dino} gj wuff

[16:04] {vint} Thanks Vad, bye all