Apr 22 2009

Not overly active but nicely profitable day. We got the idea of the day right and early, and utilized it qith a few trades on FITB, FAS and JPM.

Session Time: Wed Apr 22 00:00:00 2009

[07:58] {cosmo} DNDN Raised To Buy From Neutral By Merriman

[07:58] {cosmo} fwiw

[08:01] {Threei}  JPM

[08:01] {Threei}  REPORTS Q1 -$0.01 V $0.01E, REV $106.8M V $109.7ME

[08:01] {Threei}  morning cosmo

[08:01] {cosmo} :)

[08:02] {Threei}  hmmm

[08:02] {Threei}  sorry, wrong symbol

[08:02] {Threei}  JPN

[08:02] {Threei}  here comes MS

[08:02] {Threei}  REPORTS Q1 -$0.57 V -$0.08

[08:02] {Threei}  CUTS DIVIDEND TO $0.05/SHARE

[08:03] {Threei}  ($0.27/SHARE PREVIOUS)

[08:03] {nemo} hello

[08:03] {Threei}  nemo :)

[08:04] {Threei}  WFC earlier

[08:04] {Threei}  REPORTS Q1 $0.56 V $0.41E, R $21.0B V $19.37BE

[08:04] {Threei}  - New Loans $175B

[08:04] {Threei}  - Operating margins with consolidated net interest margin of approximately 4.1% and efficiency ratio of approximately 56%

[08:04] {Threei}  - Combined net charge-offs of $3.3B v $2.8B at legacy Wells Fargo q/q v $3.3B at legacy Wachovia

[08:04] {Threei}  - Provision expense of approximately $4.6B, including $1.3B credit reserve build, bringing the allowance for credit losses to $23B

[08:04] {Threei}  - Pre-tax pre-provision profit of approximately $9.2B.

[08:04] {Threei}  - Wachovia merger exceeded expectations in Q1, affirms $5B in annual merger savings

[08:04] {Threei}  - TCE forecasted at 3.1%

[08:05] {nemo} what's that doing to the stock this morning considering they preannounced?

[08:05] {magoo} l;srujrrsghsrhsrej

[08:05] {Threei}  unless there is some new information, not much

[08:05] {Threei}  magoo :)

[08:05] {Threei}  back to MS

[08:06] {Threei}  R $3.04B V $5.01BE;

[08:06] {nemo} Acting had of Freddie Mac commits suicide

[08:06] {magoo} 3/5th of estimate?

[08:06] {Threei}  yeah

[08:07] {Threei}  interesting... MS more honest or worse managed than others?

[08:07] {magoo} u thinking FAZ ?

[08:07] {Threei}  not sure

[08:07] {Threei}  gap down is not deep

[08:07] {Threei}  could be a bear trap

[08:07] {magoo} WFC not good either, correct?

[08:08] {Threei}  - Total AUM $356B v $546B q/q

[08:08] {Threei}  well, WFC largely repeted results from pre-announcement as far as I remember

[08:09] {Threei}  if there is something new in their report, I would have to go back and dig old one and compare

[08:09] {Threei}  and I am to lazy for that

[08:11] {magoo} what arewe talking about again/ {lol}

[08:12] {Threei}  - Institutional Securities net revenues $167M v $844M q/q

[08:13] {Threei}  - Global Wealth Management revenues of $73M v $1.42B q/q

[08:13] {Threei}  - Investment Banking revenues $886M v $788M q/q

[08:13] {Threei}  same pattern... more money is made by trading

[08:13] {Threei}  losses in other fields

[08:16] {Threei}  - Equity sales and trading net revenues $900M v -$2.32B q/q

[08:17] {Threei}  04/22/09 07:55am

[08:17] {Threei}  [FRE] Freddie Mac Reportedly the acting CFO Kellerman has been discovered dead - unconfirmed report

[08:17] {Threei}  - Initial reports suggest it was suicide

[08:17] {Threei}  - Confirmed by CNBC

[08:18] {magoo} hammering MS now

[08:21] {Threei}  - Asset Management experienced a pre-tax loss of $0.6B as losses on real estate principal investments

[08:21] {Threei}  - Firm achieved headcount reductions of 5% during the quarter and lowered non-compensation expenses 9% from last years first quarter and is on track to achieve its previously announced annual cost savings target of $2B.

[08:30] {Threei}  (CA) CANADA MAR LEADING INDICATORS M/M: -1.3% V -0.8%E

[08:30] {Threei}  Prior MoM revised from -1.1% to -1.4%

[08:31] {Threei}  WFC EXEC: PROFITS IN Q1 WERE RECORD EVEN AFTER $600M IN PREFERRED SHARE DIV PAYMENTS -CONF CALL

[08:31] {Threei}  - Organic growth at firm was driven by existing, long term business model

[08:32] {pita} morning all

[08:33] {Threei}  pita :)

[08:33] {cosmo} PPDI

[08:34] {cosmo}  PPDI) said it has completed the acquisition of AbC.R.O., Inc., a

[08:34] {cosmo} contract research organization operating in Central and Eastern Europe.

[08:52] {Threei}  DNDN... any slightest blip with FDA, scared to even think how far this thing can drop

[08:52] {Threei}  (US) TREASURY SEC GEITHNER: POLICY MAKERS WILL NEED TO ADOPT STRATEGY TO A GLOBAL VIEW

[08:52] {Threei}  - Must be positive that scale of support for operations be broad

[08:52] {Threei}  - IMF expects the world economy to contract by 1.3% in 2009

[08:52] {Threei}  - Global economy needs the US economy to recover

[08:52] {Threei}  they still haven't decoupled?

[08:52] {Threei}  too bad

[08:53] {Threei}  tongue in cheeck comment of course... remember all those decoupling theories?

[08:53] {Threei}  as if you could take the biggest economy/consumer out of the equation and the rest could function asd if nothing happened

[08:54] {dptl} good morning all

[08:54] {Threei}  dp :)

[08:57] {fernp} Hello everybody

[08:59] {Threei}  fern :)

[09:06] {Threei}  (US) US TREASURY SEC GEITHNER: CANNOT EASE UP ON RECOVERY EFFORTS TOO EARLY - Q&A

[09:06] {Threei}  of course not

[09:07] {Threei}  noty until last trillion is spent

[09:07] {Threei}  as long as there are trillions to waste - wasted they must be

[09:09] {dino} gm all

[09:10] {Threei}  dino :)_

[09:15] {ese} morning vad.....new visa has arrived......just have to activate it.....and I can stay with you....whewwwwwww!(wiping sweat from forehead and brow)

[09:15] {Threei}  ese :)

[09:16] {Threei}  if you have any questions, please forward them to info@realitytrader.com

[09:16] {ese} tks

[09:20] {dino} ilmn beats and drops

[09:21] {Threei}  ahh, my favorite kind of annoucement:

[09:21] {Threei}  YSD/CNY

[09:21] {Threei}  TREASURY SEC GEITHNER: HAS NOTHING TO ADD TO LAST WEEKS CURRENCY REPORT ON ISSUE OF YUAN

[09:21] {ese} naturally

[09:21] {cosmo} yawn

[09:21] {Threei}  we report that there is no news to report

[09:21] {nemo} looks like FAS might be setting up for a pop

[09:21] {Threei}  WFC CFO: HAVE HIRED 5,000 EMPLOYEES FOR MORTGAGE PROCESSING - PRESS INTERVIEW

[09:22] {Threei}  GS

[09:22] {Threei}  CALYON INITIATES GS WITH SELL, PRICE TARGET: $113.00

[09:22] {Threei}  - Mike Mayo call

[09:22] {ese} fas or faz

[09:22] {Threei}  {GS} Mike Mayo you said? okkkaaayyy....

[09:24] {ese} aapl's up....whats hapening there?

[09:25] {ese} never mind got it....reporting at end of the day

[09:25] {Threei}  04/22/09 08:13am

[09:25] {Threei}  [AAPL] Apple Inc Piper out reccomending Buying stock ahead of earnings due after the close today, citing iPhone upside growth

[09:25] {Threei}  - Piper saying they are increasingly confident in its 3.7M iPhone shipment estimate

[09:26] {ese} brave statement

[09:26] {Threei}  that's you piper... little brave soldier

[09:27] {Threei}  in old times when MMs actually showed their faces on level 2, we would see PIPR at the offer all day, lol

[09:28] {magoo} man, to recommend buy AHEAD..aapl gonna swing 15 points

[09:29] {jfjf64} mornin all

[09:29] {jfjf64} game on

[09:29] {Threei}  jf :)

[09:30] {Threei}  OBAMA OFFICIALS TO URGE CONGRESS TO PASS LEGISLATION CAPPING U.S. GREENHOUSE GAS EMISSIONS - WSJ

[09:31] {cosmo} sigh

[09:31] {nemo} they ought to put a cap in...errr....cap him

[09:31] {Threei}  04/22/09 09:00am

[09:31] {Threei}  [SPWRA] SunPower Corporation Exelon and SunPower to develop 10MW urban solar power plant

[09:31] {Threei}  - Exelon and SunPower Corp. have signed an agreement to develop the nation's largest urban solar power plant at a former industrial site on Chicago's South Side. The 10MW solar photovoltaic (PV) facility is scheduled for completion by the end of this year.

[09:32] {nemo} wow, FAS/FAZ haven't been this subdued on the open in a long time

[09:32] {Threei}  - The $60M project is contingent upon Exelon receiving a federal loan guarantee under the recently passed federal stimulus legislation formally known as the American Recovery and Reinvestment Act, which includes provisions for investment in green jobs and emissions reduction. Exelon is seeking a loan guarantee for up to 80% of the project cost from the U.S. Department of Energy Loan Guarantee Program Office (LGPO).

[09:32] {Threei}  feels to me like FAS is getting ready for upswing

[09:33] {Threei}  ugh

[09:33] {Threei}  too fast

[09:33] {Threei} Long Setup:  FITB  .61 - .62

[09:33] {nemo} [09:21] {nemo} looks like FAS might be setting up for a pop

[09:33] {Threei}  stop for scalpers under .55

[09:33] {Threei}  for day trade under .50

[09:34] {magoo} in

[09:34] {nemo} in

[09:34] {dptl} in.62

[09:35] {Threei}  1:1 for hardcore scalpers

[09:35] {dptl} half out

[09:35] {fernp} ty Vad

[09:35] {Threei}  1:1 for daytrade

[09:35] {Threei}  half out .73

[09:35] {ese} l fitb

[09:36] {dptl} out more .75

[09:36] {Threei}  04/22/09 08:10am

[09:36] {Threei}  [BRCD] Brocade Communications Systems Inc. Goldman Sachs Raised BRCD to Buy from Neutral, price target: $6.50

[09:36] {Threei}  - Added to Conviction Buy List

[09:36] {ese} .70 out .76 +.06

[09:36] {Threei}  1:2 for daytrade

[09:37] {nemo} out ty

[09:37] {dptl} all out .84 ty

[09:37] {Threei}  out in full .90

[09:37] {nemo} .86

[09:37] {Threei}  ese... why in .70??

[09:37] {Threei}  call was .61 - .62

[09:37] {pita} nice call

[09:37] {Threei}  and was available easily

[09:37] {nemo} he's happy over his visa

[09:37] {jfjf64} ty gm on!!!

[09:38] {Threei}  almost 30 cents in minutes on a small liquid stock allowing for a big lot...

[09:38] {Threei}  can I go home?

[09:38] {nemo} NO!

[09:38] {nemo} you are home

[09:38] {Threei}  BRCD...

[09:38] {ese} could see faz really tanking o thought that it was reasonable

[09:39] {Threei}  this one has markings of a slw climber

[09:39] {ese} missed your call basicailly   was looking at something else

[09:39] {nemo} thanks ese, makes me feel better

[09:39] {Threei}  sniff sniff

[09:39] {Threei}  BRCD, 5 break worth a try

[09:40] {Threei}  let's see where it bottoms out before breaking

[09:40] {Threei}  4.90 loss is invalidating event

[09:40] {Threei}  friking FAS

[09:40] {ese} and as i look at it......lousy fill ...was looking at .67.....too many of you all ahead of me

[09:40] {magoo} out .82 TY vad

[09:41] {magoo} was on phone

[09:41] {Threei}  feeling that it was going to jump off 7 was so strong

[09:41] {magoo} look up winner

[09:41] {Threei}  and it moved tooo much while I typed

[09:42] {Threei}  ese... your broker gives you nice commissions with flat fee for big shares, no questions about it

[09:42] {nemo} RIMM bolted out of the gate too

[09:42] {Threei}  but lousy executions overweigh this advanrtage I am sure

[09:42] {Threei}  with small stocks/big lots every cent means a lot

[09:43] {Threei}  simple math:

[09:43] {nemo} let me take my shoes off

[09:43] {Threei}  10K shares, 3 cents lost on bad execution,

[09:43] {Threei}  compare it to commissions

[09:43] {Threei}  and to polish it off, imagine bad execution on a stop if stock falls fast

[09:43] {Threei}  it will be way worse than 3 cents in many cases

[09:45] {Threei}  wow STX

[09:46] {Threei}  04/21/09 04:01pm

[09:46] {Threei}  [STX] Seagate Technology Reports Q3 -$0.56 v -$0.45e, R$2.1B v $2.01Be

[09:46] {Threei}  - Guides Q4 EPS -$0.47 to -$0.37(incl items) v -$0.30e, R $1.9-2.2B v $1.97Be

[09:46] {Threei}  what the deuce

[09:46] {Threei}  lol

[09:47] {Threei}  06:40am [STX] Price Target raised to $6 from $4.50 at BofA/Merrill Lynch, maintains Underperform rating

[09:47] {Threei}  this is something from parallel universe

[09:51] {magoo} .

[09:51] {nemo} mags...ankle broken or sprained badly?

[09:52] {magoo} i think broke, i gotta get to xray but havent had ttime

[09:52] {magoo} i cant walk on it at all

[09:52] {Threei}  ouch

[09:53] {magoo} swollen foot purple

[09:53] {Threei}  JPM

[09:53] {nemo} could be either...if it needs to be set don't wait to the point where they have to re-break it.  That sucks!

[09:53] {dino} whiner, :)

[09:53] {Threei}  see if we get pullback into .10

[09:54] {Threei}  in

[09:54] {Threei}  stop under 32

[09:54] {ese} market internals look better today  trin .87 tick 115

[09:54] {ese} more buying than selling

[09:54] {magoo} in

[09:54] {Threei}  over 1:1

[09:54] {Threei}  half out .25

[09:55] {Threei}  scalpers got their 3 seconds profit

[09:55] {Threei}  (pesky creatures)

[09:55] {dino} ilmn sm l .30txn green

[09:56] {Threei}  stop to under .10

[09:57] {dino} txn l .25 sm

[09:58] {pita} in .12 out .30 twice - ty

[09:58] {Threei}  wow

[09:58] {Threei}  wtg

[09:58] {Threei}  nice resolve

[10:00] {Threei}  out 1/4 more .40

[10:00] {magoo} out .38 TY vad

[10:00] {Threei}  welcome

[10:00] {jfjf64} ty

[10:01] {dptl} brcd valid again?

[10:01] {Threei}  out in full +.50

[10:01] {Threei}  not sure

[10:01] {Threei}  about BRCD that is

[10:02] {Threei}  why bother

[10:02] {Threei}  stock doesn't make new highs with market

[10:02] {Threei}  go where activity is

[10:02] {Threei}  we got 30 cents of FITB and 50 cents on JPM

[10:02] {jfjf64} yo monster lol

[10:03] {ese} L fitb .83

[10:03] {Threei}  and FITB is comparable to BRCD in terms of price and liquidity

[10:03] {Threei}  that's what being in the center of activity does to a stock

[10:03] {dptl} ok ty

[10:05] {dino} ilmn stop to .09

[10:06] {dino} to .30

[10:07] {dino} out ilmn .40, +1.10

[10:07] {fernp} gj

[10:07] {Threei}  wtg

[10:08] {dino} ty

[10:08] {Threei}  Shirtless President to appear on magazine cover

[10:09] {dino} nflx stop to .25

[10:09] {nemo} double top on JPM?

[10:09] {dino} out +.50

[10:09] {Threei}  volume is not right for the reversal pattern

[10:10] {Threei}  not sure

[10:10] {dino} txn to b/e

[10:10] {Threei}  let's wait a bit for more determination

[10:10] {nemo} I was just notifying,  I know how things can slip by unnoticed

[10:10] {Threei}  especially when one is trying to trade with his eyes closed

[10:11] {Threei}  which is my today's experiment

[10:11] {dino} huh?

[10:11] {Threei}  lol

[10:12] {nemo} using his 3rd eye Dino

[10:12] {dino} out titn overnight +.42

[10:12] {Threei}  new high JPM

06[10:12] * magoo slaps dino around a bit with a large trout

[10:13] {dino} nice when a plan comes tyogether

[10:13] {nemo} thanks George

[10:13] {Threei}  *FEB HOUSE PRICE INDEX M/M: 0.7% V -0.7%E

[10:13] {nemo} you've been taking typing lessons from Vad

[10:14] {Threei}  how about that

[10:14] {Threei}  housing is fixed

[10:14] {cosmo} fixed?

[10:14] {Threei}  no?

[10:15] {cosmo} everything is fixed?

[10:15] {Threei}  about to

[10:15] {Threei}  come on, let's let some positive spin in our lives

[10:16] {nemo} that sent the finnies higher

[10:16] {Threei}  [15:42] {Threei} my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[10:16] {dino} i go with up and down and down and up

[10:18] {ese} out fitb .95 +.12

[10:18] {Threei}  wtg

[10:18] {Threei}  20K little buggers?

[10:19] {ese} tks....feel like it was a bad trade though

[10:19] {cosmo} CAT has positive spin

[10:19] {ese} knew i should have been in around .65 but didn't pull the trigger

[10:19] {Threei}  FITB starts looking like 4 will be taken

[10:20] {Threei}  needs help by FAS

[10:20] {dino} ilmn drops

[10:20] {magoo} now vads one of those

[10:20] {magoo} calls 4 after its 4.02 he he

[10:20] {Threei}  no

[10:20] {Threei}  said it when it was 3.98

[10:20] {Threei}  look faster

[10:21] {jfjf64} 1 for magoo   lol

[10:22] {ese} yup it was 20000 of the litle bugers vad

[10:22] {ese} didn't see that post

[10:22] {Threei}  :)

[10:23] {ese} but still should have been in at .65 ish

[10:23] {nemo} so do faz and fas cross again today

[10:25] {cosmo} so... do we know yet who gets the 'high speed rail' bailout?

[10:25] {cosmo} GM maybe?

[10:25] {cosmo} ... just thinking...

[10:29] {dino} txn stop to .49

[10:29] {ese} how does the market feel to you all ...another leg up per chance

[10:29] {nemo} wondr if the finnies will pull back today :)?

[10:29] {ese} or bit of a slide

[10:30] {dino} no feel so far, which is wierd for me

[10:30] {nemo} [10:16] {dino} i go with up and down and down and up

[10:30] {Threei}  *DOE CRUDE: +3.85M V +2.5ME

[10:30] {dino} lol

[10:30] {Threei}  GASOLINE: +800K V -800KE; DISTILLATE: +2.68MM V -900KE;

[10:31] {nemo} that might slow things down

[10:31] {dino} keep adding baby, some day we'll sell it to opec

[10:31] {dino} out txn .49, +.24

[10:32] {nemo} Dino swinging for the fences in the morning...kewl

[10:33] {dino} ilmn back to original entry

[10:33] {dino} 'lucky

[10:33] {dino} back to basics nemo

[10:33] {nemo} good to be irish

[10:33] {nemo} morning hasn't been your forte

[10:33] {dino} ilmn perhaps wants to "double" bottom

[10:34] {dino} never was

[10:34] {nemo} so today a good day

[10:34] {dino} only thing different i can think of, started walking 2 miles at 7:30 am again

[10:34] {dino} indeed it is, over already

[10:35] {nemo} everything backed off when that oil number came out

[10:37] {dino} sm l ilmn .50

[10:40] {dptl} cat  bounce?

[10:40] {cosmo} its alive

[10:40] {dptl} too late

[10:41] {Threei}  can't tell consolidation from end of run at this point

[10:41] {Threei}  wauiting to see what transpires

[10:42] {cosmo} large institutional blocks may tell

[10:44] {cosmo} watching JASO...

[10:45] {cosmo} .25 to .35 range

[10:49] {nemo} anybody awake?

[10:49] {ese} yup 

[10:49] {Threei}  loud snorring was the answer

[10:50] {ese} just waiting for fitb again

[10:50] {ese} have a limit buy at .90

[10:51] {ese} can change my mind if market looks stronger

[10:51] {ese} 20 MA says .88   pullback we'll see

[10:52] {dptl} on 5 min?ese

[10:56] {ese} 15 min

[10:57] {dptl} almost the same on 5min.90 now

[10:57] {ese} if it pulls back here higher than .95   am gonna enter

[10:58] {Threei}  I don't feel this upward move starts next leg

[10:59] {ese} me either

[11:00] {nemo} \

[11:00] {nemo} sorry...it was the cat

[11:00] {ese} q's lower faz higher...won't enter

[11:01] {ese} although  fitb looks to be going against the grain here a little

[11:01] {Threei}  that was the trap so far

[11:01] {Threei}  FITB is a bit stronger, yeah

[11:04] {ese} gonna test the waters   l fitb .03 small

[11:05] {dino} ilmn stop tighten to .44 mkt drop

[11:06] {Threei}  activity dried up completely

[11:07] {Threei}  we need this stand-off resolved so some ibalanaces return and action starts again

[11:07] {dino} iclr

[11:07] {Threei}  feels like FAS drop into .60 area at least is catalyst for renewed interest

[11:09] {dino} 19 to 13 in day

[11:09] {dino} iclr, ppdi, kndl are buys somewhere soon, imo

[11:09] {Threei}  [ICLR] ICON plc Reports Q4 $0.35 v $0.34e, R $220.1M v $218.4Me

[11:09] {Threei}  - Full year net business awards totalled $1.3B, a 28% increase on last year.Fourth quarter net business awards were $261M, a book to bill of 1.2.

[11:09] {Threei}  - CEO "We are very satisfied with our performance in quarter four. Revenues were up 22%, margins held strong at 12% and EPS was up 35%. With our backlog at $1.74B we have entered 2009 in a good position, although the difficult economic climate has put some customers under pressure and has created a degree of uncertainty. We remain positive, though cautious, as 2009 commences."

[11:10] {Threei}  what would have happened if they missed?

[11:11] {dino} kndl pre-big miss, ppdi missed, same business

[11:11] {Threei}  FERC CHIEF: US MAY NOT REQUIRE NEW COAL OR NUCLEAR POWER PLANTS AS RENEWABLE ENERGY SOURCES COMBINED WITH NEW EFFIENCIES MAY MEET DEMAND

[11:11] {ese} very good question.......

[11:11] {Threei}  really?

[11:12] {Threei}  solar, wind and tide are capable of meeting demand already??

[11:12] {nemo} hot air out of Washington is

[11:12] {Threei}  unless I slept 50 years and today is 2059...

[11:12] {ese} in this take no prisoners enviroonment.......icon would be trash now

[11:12] {dino} politician=liar

[11:13] {ese} cool math

[11:13] {dino} atty by traing, so you figure it out

[11:13] {pita} anybody know how to add sound to posts in mIRC?

[11:13] {Threei}  this total lack of resopnsibility will never cease to amaze me

[11:14] {cosmo} just stick a rod in the ground and harvest the schumann resonance....but they wont listen...they never do...

[11:14] {Threei}  say whetever you want, damn the consequences

[11:14] {Threei}  I think dp set them, pita

[11:15] {dptl} sounds?

[11:15] {pita} beep or something to notify of vad posts

[11:15] {dino} damn the topedos

[11:16] {dino} iclr bugs me

[11:16] {dptl} tools-options-sounds

[11:16] {dino} sm l .69

[11:16] {pita} then what?

[11:17] {dino} stop .47

[11:17] {nemo} or just right click on the window icon in the toolbar and pick "beeping"

[11:17] {dptl} enable sounds

[11:17] {dptl} channel,chat

[11:17] {Threei}  oh, and after you set it all, you need to say "

[11:17] {Threei}  kreks-feks-peks", as you click OK

[11:17] {dino} lord vader

[11:17] {dptl} lol

[11:18] {nemo} yeah, "Dark Helmet"

[11:18] {nemo} Anybody ever see, "The Boondock Saints"?

[11:18] {Threei}  that's how I feel when I configure all those features... total vodoo, lol

[11:18] {nemo} great movie

[11:18] {jfjf64} is there way to get sounds on vads post??

[11:18] {dptl} there is a trick though...if the window is active it's not gonna make sounds

[11:19] {dino} ilmn moving

[11:19] {Threei}  lol jf...

[11:19] {dptl} yep

[11:19] {Threei}  you guys need to wake up at least once an hour

[11:20] {jfjf64} guess that was for me

[11:20] {dino} do you want us to trade or wake up?

[11:20] {Threei}  yes sir :)

[11:20] {Threei}  trade dino... but to set sounds, one needs to wake up

[11:20] {dptl} keep #flor window open but have active discussion and then you here beep only then Vad post somthing

[11:20] {dino} music is all i need

[11:20] {Threei}  that's because you ignore me

[11:21] {nemo} that's not true...perish the thought

[11:21] {Threei}  can't blame you though, my own reflection in the mirror ignores me

[11:21] {dino} ilmn to b/e

[11:21] {dino} huh, you say something

[11:21] {dino} good girl iclr

[11:24] {dino} ndx hod

[11:25] {dino} ilmn to .60

[11:27] {dino} hmm iclr drop

[11:28] {pita} later all...

[11:28] {dino} ilmn to .80

[11:29] {dino} cya pita

[11:29] {Threei}  take care pita

[11:30] {dino} stopped iclr slip.44 ave-.25

[11:30] {dino} will retry around low

[11:31] {dino} out ilmn .90, +.40

[11:32] {nemo} so +.15 between the two.  3 for 4 today Dino?

[11:32] {Threei}  MS CFO: WILL WAIT FOR RESULT OF STRESS TESTS TO DETEMINE WHAT TO DO ON TARP; WILL CONSIDER REPAYMENT OF CAPITAL - CONF CALL

[11:32] {Threei}  - Similar to comments made earlier today regarding repayment of tarp (earlier: MSCFO notes plans to repay the TARP once regulators signal their approval.)

[11:35] {jfjf64} nother conf call    

[11:36] {vinod} you guys are ice cold today?

[11:36] {nemo} two wins early, market's been dead since 10

[11:36] {Threei}  hmm?

[11:37] {nemo} oh, and vad's been in a coma

[11:37] {vinod} good afternoon to all

[11:37] {jfjf64} 3for3

[11:37] {Threei}  I am in a coma 9/10 of time

[11:37] {dino} iclr drop

[11:38] {Threei}  doesn't mean I can't tade

[11:38] {Threei}  in factm, it'

[11:38] {Threei}  s just opposite

[11:38] {jfjf64} spell  lol

[11:38] {magoo} we in anything vad?

[11:38] {Threei}  see nemo's remark above mags

[11:39] {magoo} was away from desk

[11:39] {Threei}  starts looking like creep-up day in progress

[11:39] {dino} cold, having a good one

[11:39] {vinod} guy at work told me BAC is 100 stock in 5 year and many IPO will come out of it-i am not buying it

[11:40] {Threei}  in 5 years?

[11:40] {vinod} nemo-i work at John Hancock financial

[11:40] {nemo} in the tower?

[11:40] {vinod} yes 32nd floor

[11:41] {Threei}  I can't see how any reasonable human being can seriously talk about such what happens in 5 hyears with any particular stock/company in times like this

[11:41] {Threei}  and when it comes to financial name... lol

[11:41] {nemo} especially with the world ending in 2012

[11:42] {Threei}  put him to test vinod... ask him where BAC is going to be in an hour

[11:42] {vinod} i am compurt guy don't know financial

[11:42] {Threei}  he nails it, I am buying all BAC I can and wait 5 years

[11:43] {vinod} buy the rule I can't stock with any fund manager

[11:44] {dino} well, if he said it it must be true

[11:44] {vinod} i am trying to make this board live again?

[11:45] {dino} it needs tunes

[11:48] {dino} vocs, wab

[11:52] {dptl} jns?

[11:53] {Threei}  nah

[11:53] {dptl} daily looks good ,no?

[11:53] {Threei}  eerything does, intraday too

[11:54] {Threei}  it's a breakout during lunch time

[11:54] {dino} thank you

[11:54] {Threei}  after dollar move

[11:54] {Threei}  total 50/50

[11:54] {dptl} ok ty

[11:54] {Threei}  can jump to .30, can drop to 8.80

[11:54] {Threei}  roll a dice

[11:58] {vinod} Threei  roll a dice --lvs

[11:59] {dino} you want the ceasars coin toss?

[11:59] {Threei}  LVS, as MGM, is a part of developing story now

[11:59] {Threei}  Ichan vs Kerkorian

[12:00] {dino} i use the ceasars coin

[12:00] {dino} sm l vocs .80, stop .49

[12:01] {dino} iclr big rinse

[12:02] {dino} weaiting at .25

[12:02] {dino} wab, feeling short

[12:03] {Threei}  CNBC REPORTS THAT STRESS TESTS TO REQUIRE 3% TANGIBLE COMMON EQUITY UNDER WORST CASE SCENARIO - CITES SOURCES

[12:04] {dino} wab sm s .05

[12:05] {magoo} vads..give magoo read AAPL palease

[12:05] {Threei}  no problem

[12:05] {Threei}  it's A

[12:05] {Threei}  then A again

[12:06] {Threei}  you with me so far?

[12:07] {dino} wab bstop is .36

[12:07] {magoo} im in and wanted seriouse

[12:07] {Threei}  I don't know

[12:07] {Threei}  just manage the trade

[12:07] {Threei}  what price are you in at?

[12:08] {magoo} out here

[12:08] {magoo} TY

[12:09] {dino} stopped

[12:14] {Threei}  FRE

[12:14] {Threei}  NOTES THAT IT IS UNAWARE OF NO LINK BETWEEN ACCOUNTING PROBE AND THE DEATH OF ACTING CFO

[12:19] {dino} ilmn drops again

[12:22] {ese} limit buy triggered fitb

[12:22] {ese} .90

[12:24] {nemo} what's your stop ese

[12:25] {ese} .80

[12:25] {nemo} ty

[12:25] {ese} your welcome

[12:26] {ese} hmmmmmmmm

[12:30] {dino} +wab reload, sm s .40

[12:33] {ese} flirting with danger ....

[12:33] {nemo} "Flirtin' with Disaster"  Molly Hatchett

[12:33] {ese} indeed

[12:33] {nemo} oy...Alzheimer's 

[12:34] {dino} wab bstop is hod

[12:34] {Threei}  you guys are well read... me, I limit myself to titles "Flirtin". Period

[12:34] {nemo} Vicarious now Vad?

[12:35] {Threei}  don't know.. I also avoide words longer than two syllables

[12:35] {Threei}  and :vicarious" is not it

[12:35] {nemo} You woulda' made a great caveman

[12:35] {Threei}  in fact, it sounds very nefarious to me

[12:36] {Threei}  woulda'?

[12:36] {Threei}  I am one

[12:36] {ese} stopped....&^%&^%-.10  15000shs

[12:36] {nemo} neanderthalis Vadicanis

[12:36] {ese} went to the well to many times

[12:36] {nemo} Oh ese, how the fingernails?

[12:36] {magoo} news VAD

[12:36] {Threei}  I'd rather say, wrong time, and against the microtrend at the moment, ese

[12:37] {Threei}  just this mags

[12:37] {Threei}  GM

[12:37] {Threei}  WSJ: CFO: WILL NOT MAKE ITS $1B DEBT PAYMENT DUE JUNE 1ST

[12:37] {ese} yes definately....could have removed that limit buy......dumb on my part

[12:37] {ese} recognize it....move on

[12:37] {Threei}  I don't think it's a big deal for the market at the moment

[12:37] {nemo} still holding thought

[12:38] {nemo} though

[12:38] {magoo} ty

[12:38] {Threei}  this is why I stay inactive guys

[12:38] {ese} me...no nemo stopped

[12:38] {Threei}  and recomend you to do the same

[12:38] {Threei}  look at what happened ever since our morning plays

[12:38] {Threei}  long stall,

[12:39] {Threei}  very slow and narrow movement slighltly up,

[12:39] {Threei}  stall,

[12:39] {Threei}  slow drift down, narrow again

[12:39] {Threei}  what you have here is:

[12:39] {Threei}  no range wide enough to play it,

[12:39] {Threei}  not breakout,

[12:39] {Threei}  no breakdown,

[12:39] {Threei}  so name me a strategy that would work

[12:40] {dino} up,down, down, up

[12:40] {ese} market will probably head up this afternoon...maybe con recoop some then

[12:40] {Threei}  the skill to deploy in this situation is two-fold

[12:40] {Threei}  1. stay on a sideline and wait for something to shape up

[12:40] {Threei}  2. fend off attempts to engage you into activity by magoo and Co {G}

[12:41] {nemo} Apply your skills in the environment in which they apply

[12:41] {nemo} Don't try to apply them where they don't fit

[12:41] {Threei}  let me show you comment made way eearlier

[12:42] {Threei}  [11:07] {Threei} feels like FAS drop into .60 area at least is catalyst for renewed interest

[12:42] {Threei}  look at the charty

[12:42] {Threei}  .57 bottom for over 20 cents immediate bounce

[12:44] {dino} my old friend snda drop

[12:47] {dino} kirk

[12:47] {nemo} James Tiberius?

[12:48] {dino} lol, good one

[12:48] {nemo} new one coming out

[12:49] {dino} wab to .15

[12:49] {dino} stopped +.25 cover

[12:50] {dino} saw that nemo

[12:51] {nemo} looks interesting

[12:51] {dino} wife didn't like the mothers day idea of going to see it

[12:51] {nemo} yeah, that's like getting her a chain saw for HER birthday

[12:52] {dino} iclr drops

[12:52] {dino} lol

[12:53] {dino} i'm losing it, 2 days in row spilling on my shirt

[12:56] {dino} sm l iclr .50

[12:56] {dino} ilmn setting up

[12:57] {dino} ugh wab, stop too tight

[13:02] {dino} sm l ilmn .65

[13:02] {dptl} cat?

[13:02] {dptl} .50?

[13:02] {Threei}  ?

[13:03] {dptl} was thinking .50 break ...ah didn' hold .40 anyway

[13:04] {Threei}  FAS double bottom confirmation on .60 break was good setup... missed it

[13:04] {nemo} shoulda' come out of the coma earlier

[13:04] {dptl} ye was just about to ask about that :)

[13:05] {nemo} break again above .80?

[13:05] {dptl} set up i mean not coma lol

[13:05] {vinod} to much time playing with Miss

[13:05] {Threei}  CHRYSLER AND CAW REMAIN ENGAGED IN DISCUSSIONS OVER 'ACTIVE BENEFITS'; CHRYSLER SEEKING TO CUT COSTS OF BENEFITS BY ABOUT C$19 FROM CURRENT C$31+ PER HOUR

[13:06] {Threei}  that's some cut

[13:06] {Threei}  tough for union to swallow

[13:08] {dino} nflx

[13:08] {magoo} possible bottom MS here

[13:09] {magoo} in .11

[13:10] {ese} du du du du......dump di dum....twiddle thumbs......

[13:10] {nemo} rearrange sock drawer

[13:11] {nemo} make sure all logos face up

[13:11] {ese} funny

[13:11] {magoo} .98 stop

[13:14] {nemo} ese, watching FITB?

[13:14] {Threei}  let's see if we get new double bottom, .60 - .70

[13:14] {Threei}  want pullback now

[13:14] {Threei}  not buying break here

[13:14] {nemo} on what?

[13:14] {Threei}  pullback, bottomonjg out around.63-.65, then break

[13:15] {Threei}  FAS

[13:15] {Threei}  HIG

[13:15] {Threei}  HEARING ALLIANZE MAY BE PREPPING A BID NEAR $19/SHARE

[13:16] {magoo} MS held by hair off dinos chin

[13:18] {magoo} offering .27

[13:18] {ese} hi nemo ...yes

[13:19] {ese} was rearranging sock drawer

[13:20] {dino} hmmmm you must have alot of socks

[13:20] {ese} thinkin long here at .85

[13:20] {nemo} yeah

[13:20] {ese} a few

[13:20] {dino} lol

[13:21] {Threei}  FAS 1:1

[13:21] {nemo} when did it pull back

[13:21] {Threei}  ??

[13:21] {magoo} dam..saw .25 prints

[13:21] {Threei}  did you watch it?

[13:22] {dptl} it went to .65 only

[13:22] {magoo} OUT WOOHOOOOO

[13:22] {magoo} ty bboss

[13:22] {Threei}  two min dance between .65 and .70 after my comment

[13:22] {magoo} .27

[13:22] {magoo} +.25

[13:22] {Threei}  then break of .70

[13:22] {Threei}  just as prescribed

[13:23] {dptl} was thinking a bit lower .63-. 65

[13:23] {Threei}  for what, entry?

[13:23] {dptl} oh well

[13:23] {Threei}  I mean entry on confirmation

[13:23] {Threei}  .70 break

[13:23] {dptl} .70 break

[13:24] {ese}  l fitb .86

[13:24] {Threei}  if it bottomed at .65 instead of .63, all the better

[13:24] {Threei}  more strength

[13:25] {dptl} i see ....

[13:26] {dino} nflx .00 sm l

[13:32] {jfjf64} whats  the word my trading pals

[13:34] {Threei}  sorry jf... it looks like no one want to be your [pal :(

[13:34] {Threei}  welcome to my world

[13:34] {Threei}  they don't like me either

[13:34] {jfjf64} iv noticed that

[13:34] {ese} praise the lord and pass the amunition......praise the lord and pass the amunition

[13:34] {Threei}  lol

[13:35] {Threei}  kind word and gun are much more powerful than just kind word?

[13:35] {jfjf64} market  charging upward

[13:35] {Threei}  DATAQUICK: CALIFORNIA FORECLOSURES INCREASE BY 80% IN Q1 ON A SEQUENTIAL BASIS

[13:35] {ese} indeed

[13:36] {dino} jf the word is "forward"

[13:37] {nemo} yeah, forward...never straight

[13:38] {jfjf64} ty   forward it is

[13:38] {ese} can't remember if that was a world war 1 or world war 2 song....I think 1

[13:39] {dino} dk, just good way to be

[13:42] {ese} out fitb....and then some .01 +.16........revenge trade against all of vads rules.....the anger was just welled up too deep inside of me.

[13:43] {ese} lol

[13:43] {nemo} yeah, but the setup was good

[13:43] {ese} true

[13:43] {nemo} plus you ha FAS and the indices w/you...so it was still a disciplined trade

[13:43] {jfjf64} what wasentry

[13:44] {nemo} .85

[13:44] {ese} just wanted my description of the trade to sound spectacular

[13:44] {ese} following rules is .....is....is.....too ordinary

[13:45] {nemo} musicians...sheeesh

[13:47] {Threei}  FAS bounse zone

[13:47] {Threei}  or bounce

[13:48] {ese} no  bowwwwouuusssah  is good

[13:48] {dptl} in.94

[13:48] {dptl} stop .88

[13:49] {magoo} in .94

[13:50] {ese} gotta hunch that when fitb gets past 4.00....it could go for a ways

[13:50] {Threei}  four ways?

[13:51] {Threei}  I need serious education...

[13:51] {magoo} triple bottom aapl

[13:51] {ese} ummmmmm  ya ya ...thats it....four ways

[13:51] {ese} was watching that mags....are you thinkin long....i

[13:51] {dptl} half out

[13:51] {nemo} lotta' overhead between 4 and 4.10

[13:51] {magoo} i toiok half here

[13:51] {magoo} .28

[13:52] {ese} fitb nemo

[13:52] {ese} yes

[13:52] {nemo} yes

[13:53] {ese} should correct that statement....if it gets by 4.10 it could go four ways

[13:54] {magoo} out

[13:54] {nemo} fore ways?

[13:54] {nemo} fore weighs?

[13:55] {magoo} that sukked

[13:55] {ese} ok now were getting rid  a que less....

[13:55] {ese} that stock throws me for a loop everytime mags

[13:56] {magoo} it prob goes on rampage up somewhere

[13:56] {magoo} prob is from where

[13:56] {magoo} fas sukked topo{sorry vad}

[13:56] {dptl} stopped second half

[13:57] {magoo} no potential

[13:57] {nemo} that was a surprises...I thought if fas broke .90 it would go, but not that fast

[13:57] {magoo} see if he awake he he

[13:57] {Threei}  nope

[13:58] {Threei}  but it hit 1:1

[13:58] {Threei}  so leave me alone, will ya?

[13:58] {magoo} not at .94

[13:58] {nemo} what hit 1:1?

[13:58] {Threei}  yes it did

[13:58] {magoo} 8 all i saw

[13:58] {magoo} was waiting .05

[13:58] {Threei}  and how is that not 1:1?

06[13:58] * Threei sends magoo calculator

[13:58] {nemo} Yeah, he called bounce zone @ .90

[13:58] {magoo} 6 cents

[13:59] {Threei}  with 5 cents stop?

[13:59] {Threei}  [13:58] {Threei} and how is that not 1:1?

[13:59] {Threei}  [13:58] * Threei sends magoo calculator

[13:59] {nemo} [13:47] {&Threei}  FAS bounse zone

[13:59] {nemo} [13:47] {&Threei}  or bounce

[14:00] {nemo} ruling on the field against VAD...you didn't call a stop...penalty for incomplete trade parameters

[14:00] {Threei}  cool

[14:00] {Threei}  see you all next week

[14:00] {nemo} No, that's not the penalty

[14:00] {Threei}  penalty box, ya know

[14:01] {nemo} this ain't hockey

[14:01] {dino} ostk

[14:01] {nemo} wow Dino

[14:02] {Threei}  REPORTS Q1 -$0.09 V -$0.20 Y/Y, R$187.4M V $203M Y/Y

[14:02] {dino} -.09 vs-.20, rev light

[14:02] {magoo} bama on cnbc

[14:02] {magoo} sheesh

[14:02] {Threei}  he celebrates earth day mags

[14:02] {dptl} it was 1:1 thats why got out half at 8 :) 

[14:02] {nemo} FAZ long

[14:03] {nemo} oh...nevermind

[14:03] {dino} yobama on

[14:03] {Threei}  shirtless?

[14:03] {dino} vocs hod

[14:04] {jfjf64} he is all jerked up

[14:04] {jfjf64} jacked up  sorry

[14:04] {dino} they act as if the earth has feelings

[14:04] {nemo} Freudian slip jf

[14:04] {Threei}  you be careful dino

[14:05] {Threei}  we may decide you are not earth-friendly

[14:05] {dptl} lol

[14:05] {Threei}  anf there is just one sin greater than thaT

[14:05] {dino} my daughter already tells me that

[14:05] {Threei}  namely, being successful businessman

[14:06] {Threei}  if you are both, you must be taken outside and shot twice

[14:06] {Threei}  which remninds me... a few days ago, in a grocery store,

[14:07] {Threei}  cashier, yuung girl, one of "brainwashed generation"

[14:07] {Threei}  asks whether I want plastic bag or paper

[14:07] {Threei}  I say plastic

[14:07] {Threei}  she glances at me quckly,

[14:08] {Threei}  frowned

[14:08] {Threei}  I add:

[14:08] {Threei}  I feel particularly unfruendly toward environment today

[14:08] {dino} lol

[14:09] {dptl} lol

[14:09] {Threei}  sheesh, I thought she was about to refuse to serve me

[14:09] {Threei}  you should see this shicked and almost hateful look at her face

[14:09] {dino} i get a kick out of vegatarians that bust me while they wear leather shoes and belts

[14:09] {nemo} shicked?

[14:09] {Threei}  shocked

[14:10] {Threei}  you proud itself in understanding Threeiish?

[14:10] {nemo} I just tell them something dies so you can eat, you're just prejudiced against living things that don't have eyes

[14:10] {nemo} vegetarians that is

[14:12] {Threei}  wow

[14:12] {Threei}  QWOW

[14:12] {Threei}  do you listen to prez?

[14:12] {Threei}  "suddenly market for american vehicles collapses, because we build SYVs"

[14:13] {magoo} ok that was AAPL botom

[14:13] {nemo} Nobody's buying Priuses either

[14:13] {Threei}  if that's not the most blatant distrortion of reality I heard from president

[14:13] {Threei}  no wait

[14:13] {Threei}  I did not have sex with that woman is still taking the prise

[14:14] {jfjf64} 100 percent

[14:16] {Threei}  what just happened

[14:16] {nemo} I also like "depends on what your definition of "is" is"

[14:21] {magoo} ese, see aapl rip?

[14:22] {dino} vocs stop to .99

[14:30] {ese} hey mags...sorry was getting ready to go teach....

[14:31] {ese} oh blody hell...

[14:31] {dino} he's not talking to ya es

[14:31] {dino} :)

[14:31] {magoo} see goty to like vad says"try it couple times"i hit 123 exit 123.80

[14:32] {magoo} now in 124

[14:32] {ese} nice

[14:32] {Threei}  okay... looks like next leg starts

[14:32] {Threei}  let's hunt for pullback

[14:32] {Threei}  FAS 8.05 area

[14:32] {ese} outta here till tomorow everyone....catch you on the flip side...good luck rest of the day

[14:32] {Threei}  take care ese

[14:33] {magoo} take care bud

[14:33] {ese} see ya vad

[14:33] {ese} see ya mags

[14:33] {nemo} cd's don't have flip sides :)

[14:35] {dino} cya es

[14:39] {dino} iclr to .74

[14:40] {dino} out vocs .99, +.19 longggggg timeeeeeeeeee

[14:42] {dino} nflx earns tonight

[14:44] {dino} stopped iclr .74, +.24

[14:45] {Threei}  anyone took FAS?

[14:45] {jfjf64} in

[14:45] {Threei}  stop under 8, went over 1:1 for half out

[14:46] {jfjf64} out +4

[14:48] {dptl} still worth it?

[14:49] {Threei}  I believe so but can take a few tyries

[14:50] {Threei}  US 10-YEAR YIELD LOOKS TO FINISH PIT SESSION AT HIGHEST LEVEL SINCE BEFORE FED'S QUATITATIVE EASING ANNOUNCEMENT

[14:50] {nemo} yeah, tbt up all day

[14:58] {Threei}  (US) TEXAS LEGISLATURE EXPECTED TO APPROVE SOLAR POWER SUBSIDY; EXPECTED TO BE LARGEST IN NATION - WSJ

[14:58] {Threei}  {FSLR SPIR SPWRA}

[14:59] {Threei}  US HOUSE FINANCIAL SERVICES COMMITEE APPROVES LEGISLATION TO REFORM CREDIT CARD PRACTICES

[14:59] {Threei}  {AXP COF DFS}

[14:59] {Threei}  OPTT lost its mind?

[15:02] {dino} yes

[15:07] {dino} ener

[15:07] {Threei}  yeah

[15:08] {jfjf64} wow

[15:13] {Threei}  US TREASURY CLARIFIES PAY LIMITS UN PPIP

[15:13] {Threei}  DRYS

[15:13] {Threei}  SAID TO HAVE WON A MATERIAL CONTRACT FROM PETROBAS

[15:16] {dino} buy side imbalances

[15:17] {Threei}  I'll have to leave in 15 min guys, finishing a tad earlier today

[15:17] {Threei}  wife's birthday, promised to take her to lunch

[15:17] {dino} wish her a happy (and be nice)

[15:17] {Threei}  I promise former

[15:18] {Threei}  but I don't do nice

[15:19] {magoo} have good one vad

[15:19] {Threei}  ty

[15:19] {Threei}  I wonder if TAN's worth overnight

[15:20] {Threei}  most likely not but let's keep it on radar

Apr 21 2009

Quite a day in the market. What a comeback by financials. We stayed conservative and very picky, and it paid. Not too many plays but all wins with just one or two stops. Played both sides, long and short.

Session Time: Tue Apr 21 00:00:00 2009

[08:06] {nemo} gm

[08:06] {nemo} Vad what chart server?

[08:06] {Threei}  morning

[08:06] {Threei}  none of them works

[08:07] {nemo} Makes me feel better...thought it was me

[08:07] {nemo} then again...maybe it is

[08:08] {nemo} Having a nice nor-'easter here today...so I might get knocked off the net anyway

[08:09] {KSystems} morning :)

[08:09] {Threei}  KS :)

[08:09] {nemo} Tag Herrn K

[08:10] {Threei}  earnings season starts with suffering

[08:12] {patience} good morning RT  :)

[08:13] {Threei}  patience :)

[08:31] {Threei}  TREASURY SEC GEITHNER: TREASURY HAS THE RESOURCES IT NEEDS TO MOVE FORWARD ON ALL ASPECTS OF ITS STABILITY PLANS; $109.6N LEFT IN TARP

[08:36] {Threei}  US TARP INSPECTOR GENERAL BAROFSKY: TOO EARLY TO DETERMINE IF TARP BEING USED APPROPRIATELY - CNBC

[08:38] {Threei}  - AIG counterparty payments being audited, expect full report out this summer.

[08:40] {pita} gm boys and girls

[08:40] {nemo} chart server 1 working

[08:40] {Threei}  pita :)

[08:41] {Threei}  they are all coming back

[08:41] {nemo} FAZ is back...FAS dominance lasted about 10 minutes

[08:42] {Threei}  dominance? the only thing FAS dominated yesterday and this morning is its own prison cell

[08:43] {Threei}  USB EXEC: IF STRESS TESTS COME OUT POSITIVE, HOPE TO ARRANGE REPAYMENT OF TARP FUNDS - CONF CALL

[08:45] {magoo} morning

[08:45] {Threei}  magoo :)

[08:53] {magoo} skf going nuts

[08:55] {Threei}  FAZ too

[08:56] {cosmo} DDRX had good drug sales

[08:57] {dptl} good morning all

[08:57] {Threei}  dp :)

[09:02] {jfjf64} mornin all

[09:03] {cosmo} BRCM healing pre mkt

[09:03] {Threei}  jf, cosmo :)

[09:03] {cosmo} 19.40 lod

[09:03] {ese} good morning

06[09:03] * magoo slaps laserdave around a bit with a large trout

[09:03] {cosmo} 3i:)

[09:03] {magoo} i shorted GS at 113.41

[09:04] {cosmo}  Broadcom Offers to Buy Emulex for $9.25 Per Share Cash - Emulex S

[09:04] {cosmo} oaring in Pre-Market

[09:04] {Threei}  ese :)

[09:04] {vinod} gm to all

[09:05] {ese} whats lookin interesting

[09:05] {ese} vinod

[09:05] {Threei}  vinod :)

[09:06] {magoo} oil falling 

[09:06] {ese} Fitb is approaching that buy all you can territory

[09:06] {magoo} not good for stocks

[09:06] {dino} gm all

[09:06] {cosmo} ELX = emulex fyi

[09:06] {Threei}  I thunk it's the other way around mags

[09:06] {ese} dino

[09:06] {Threei}  market drops and drags oil with it

[09:06] {Threei}  dino :)

[09:07] {magoo} out GS + .80

[09:08] {jfjf64} nice start to day

[09:08] {dino} es, fitb, what level, 3?

[09:09] {ese} was in around the 2.75 area with about 20000 a couple of weeks back

[09:09] {dino} education smackdown

[09:10] {ese} faz gapped up ...could be a rough day for financials again

[09:10] {Threei}  it is so far

[09:12] {fernp} Hello everybody

[09:13] {Threei}  fern :)

[09:13] {Threei}  earnings season is off to a rough start eh?

[09:14] {fernp} FITB 3.17  I'm long from yesterday at 3.70... the day does not start well :-)

[09:14] {Threei}  hit over 1:1 AH yesterday...

[09:14] {fernp} true sold half

[09:14] {dino} thx es

[09:21] {ese} does everyone see that post"Earnings season is not time to be a hero"....who posts those

[09:21] {Threei}  lol

[09:21] {dino} "they" do

[09:21] {Threei}  DNDN...

[09:22] {ese} hmmmmm....that one is funny but true

[09:24] {dino} turnaround tuesday is upon us, lets see if pattern holds

[09:24] {ese} speaking of they....this is day ten of the 7 to 10 business days mail for my new visa to get here or i'll be cut off by they

[09:25] {Threei}  dino, I can't help but see bounce candidates everywhere

[09:25] {Threei}  trying to keep myself from calling them all, lol

[09:26] {Threei}  Geithner is talking today

[09:26] {jfjf64} great

[09:27] {magoo} is osama talking today :)

[09:27] {vinod} ese-you need to use visa card and spend to help economy?

[09:28] {dino} i like wnt, mcd, t, txn, wynn

[09:28] {dino} wmt

[09:28] {dino} kndl blood

[09:28] {Threei}  OK guys, let's stay on a conservative side

[09:29] {Threei}  emotions run too high in this market, easy to get hurt

[09:29] {dino} -9

[09:29] {Threei}  prefer to stay in capital preservation mode

[09:29] {ese} I would if i could vinod....

[09:29] {pita} 5k lots?

[09:29] {jfjf64} you drivin boat   gm on

[09:29] {Threei}  lol pita

[09:29] {pita} indeed

[09:29] {ese} anyone thinking shorrt rimm at .60

[09:29] {ese} yesterdays low

[09:30] {Threei}  too many tempting entries out there which probably means most of them will be punished

[09:30] {dino} -10 kndl

[09:30] {ese} too late

[09:30] {dino} rimm gap around 67.80s

[09:30] {dino} 63.80s

[09:30] {Threei}  FED'S HOENIG: INSOLVENT FIRMS MUST BE ALLOWED TO FAIL

[09:30] {dino} thats a new concept

[09:31] {nemo} I sense a hint of sarcasm

[09:31] {dino} :)

[09:32] {magoo} cat bounce vad?

[09:32] {dino} i've been saying that for 9 months

[09:32] {Threei} Long Setup:  FITB  3.01 if stays above 2.90

[09:32] {ese} funny ...real funny

[09:32] {dino} es kndl at some point v sm

[09:32] {Threei}  picking trades with tight enough stops

[09:32] {Threei}  keep them religiously

[09:33] {magoo} in

[09:33] {ese} whoa....talked about being slapped dn

[09:33] {dino} stops are my religion

[09:33] {nemo} in

[09:34] {Threei}  DNDN, this is truly annoying, lol

[09:34] {dino} grrr mcd, wmt txn left w/o me

[09:36] {nemo} FAS going but FITB not following

[09:37] {Threei}  teakes longer than I would like

[09:37] {Threei}  stop to under 2.95

[09:38] {dino} blood esi, apol

[09:38] {Threei}  1:1

[09:38] {dptl} out .10 ty fitb

[09:38] {Threei}  half or scalp, your choice

[09:38] {magoo} out .15 TY

[09:38] {fernp} out TY

[09:39] {vinod} out all 0.14

[09:39] {pita} out ty

[09:39] {Threei}  welcome guys

[09:39] {jfjf64} out.14   ty

[09:39] {ese} L fitb .09

[09:39] {nemo} out .14

[09:39] {nemo} ty

[09:40] {Threei}  wow ese

[09:40] {Threei}  why so high

[09:40] {nemo} musician?

[09:40] {Threei}  1:2

[09:40] {Threei}  out in full 3.23

[09:41] {jfjf64} nice read

[09:41] {Threei}  sometimes I hate these discipline restraints... look at BAC

[09:42] {ese} missed lower

[09:42] {Threei}  was so freakishly tempting around 7

[09:42] {dawg} out in full .26 thank you Vad

[09:42] {Threei}  it spent wuite coniderable time around 3 ese... wake up, will ya

[09:42] {Threei}  dawg :)

[09:42] {ese} out Fitb .26

06[09:43] * Threei send ese hypodermic needle filled with strong coffee

[09:43] {nemo} RIMM up over a buck

[09:43] {Threei}  [09:25] {Threei} I can't help but see bounce candidates everywhere

[09:43] {Threei}  sigh

[09:43] {ese} wow look at it go

[09:44] {nemo} better than seeing dead people

[09:44] {Threei}  old version nemo... modern is 'I see dead pixels"

[09:44] {nemo} Buy new monitor

[09:44] {ese} market internals still don't look good though....TRIM 3.43  not good

[09:44] {Threei}  CONNECTICUT TREASUER CALLS FOR CEO KEN LEWIS' RESIGNATION

[09:44] {ese} TRIN...sorry

[09:45] {Threei}  does Connecticut have a share in BAC?

[09:45] {nemo} resignation...how bout give him the Mel Gibson treatment in Braveheart

[09:45] {jfjf64} lol

[09:45] {Threei}  IMF: DELEVERAGING MAY LEAD TO CREDIT CONTRACTION IN THE US AND EUROPE BY APPROX 4%

[09:45] {nemo} 4% will be conservative

[09:46] {Threei}  DNDN... if pattern holds, it should sell down to 19.50 or so, stall for a while, then start bounces

[09:47] {ese} TRIN 3.15 somebodys selling a sh%$% load of something

[09:48] {nemo} flocking RIMM

[09:49] {Threei} Short Setup: RIMM  half lot .50 breakdown if stays under .70 from now on

[09:50] {Threei}  invalidated for now

[09:52] {dino} chips moving, intc, txn

[09:53] {Threei}  what an unlikely stock to be nicely green... DRYS

[09:55] {Threei}  FAZ closing gap

[09:55] {Threei}  watching for bounce

[09:57] {dino} kndl l .60 risky

[09:58] {ese} am watchin that dino..... 

[09:59] {dino} sm that was

[10:00] {dino} stop to .47 kndl

[10:01] {Threei}  PALM is oblivious to the market

[10:02] {pita} missed FAZ bounce

[10:03] {Threei}  yeah, didn't really form anything safe enough for entry

[10:03] {dino} kndl to b/e

[10:04] {nemo} RIMM short?

[10:04] {Threei} Long Setup:  WFC  .30 break half lot

[10:04] {nemo} too fast

[10:04] {Threei}  use pullback

[10:05] {Threei}  frist strength from her

[10:05] {Threei}  if loses .15, leave it be

[10:05] {Threei}  stop under .15

[10:06] {dino} stop to .99 kndl

[10:06] {Threei}  no worky

[10:06] {jfjf64} invalid

[10:06] {dino} out .00, +.40

[10:06] {Threei}  FITB pulled back into decent entry zone

[10:06] {cosmo} CENX 3.28 hod

[10:07] {ese} yes

[10:07] {Threei}  WFC needs quick drop under 17

[10:07] {cosmo} no news cenx

[10:10] {ese} l fitb .245

[10:10] {Threei} Long Setup:  WFC  17.05 break if stays above 16.95

[10:11] {Threei}  invalidated

[10:11] {ese} out fitb .33 15000 of the little blighters

[10:11] {Threei}  good one ese

[10:11] {jfjf64} we will get it 31

[10:11] {nemo} FITBs ese's bitch lately

[10:12] {jfjf64} 3i

[10:12] {ese} tks

[10:12] {fernp} out FITB ty Vad was a decent zone

[10:12] {Threei}  :)

[10:12] {Threei}  lol WFC

[10:12] {Threei}  I know how to play it

[10:13] {jfjf64} k

[10:13] {Threei}  define setup, wait for it to get invalidated, buy under the original stop level

[10:13] {magoo} i took .05 vad

[10:14] {jfjf64} are ya in

[10:14] {dino} esi v sm l .50

[10:14] {Threei}  who?

[10:14] {magoo} i am

[10:15] {jfjf64} 3i   wfc??

[10:15] {Threei}  why would I?

[10:15] {Threei}  original setup was invalidated

[10:15] {jfjf64} ??sorry   

[10:16] {dino} kndl sm l .20

[10:16] {pita} discipline, discipline - message to self

[10:17] {Threei}  CAT nice pullback

[10:18] {Threei} Long Setup:  CAT  .15 if stays above 29.05

[10:18] {ese} vad would there ever be a time when financials act against FAZ....

[10:19] {Threei}  some particular ones could

[10:19] {Threei}  as a sector, no

[10:20] {elepet} good morning

[10:20] {Threei}  elepet :)

[10:22] {nemo} RIMM short?

[10:22] {Threei}  half lot

[10:22] {nemo} teasing us

[10:22] {Threei}  invalidated anyway

[10:23] {nemo} yep

[10:23] {Threei}  watch for new consolidation though

[10:23] {nemo} below .50

[10:23] {dptl} cat?

[10:23] {Threei}  don't know dp

[10:23] {dptl} ok

[10:24] {Threei}  maybe if reestablishes the range

[10:24] {Threei}  at least one more pullback

[10:24] {Threei}  holding above comfortable stop level, then break

[10:24] {ese} thinkin L faz here

[10:26] {ese} L faz .20

[10:26] {Threei}  no entry CAT still

[10:27] {nemo} what stop ese?

[10:27] {ese} .15

[10:27] {ese} l 2 lots

[10:28] {ese} break even now

[10:28] {Threei}  you have 1:3 here

[10:28] {ese} out faz .34 +.14

[10:28] {nemo} 20000 of the little buggers, huh ese?

[10:29] {ese} no not on this one...don't have that kind of nerve

[10:30] {Threei}  PALM lost its mind

[10:30] {ese} would sure like to see FITB around the 3.00 mark again

[10:31] {Threei}  sheesh CAT

[10:32] {larisa} bounced after doing 100% retrace

[10:33] {ese} nice bounce

[10:33] {Threei}  bounce zone was clear, but the dance they do before jumping up is making ewntry quite a challenge

[10:33] {ese} palm keeps on ticken as well

[10:34] {Threei}  WFC

[10:34] {nemo} RIMM teasing again

[10:37] {Threei}  FAZ pullback into bounce zone

[10:39] {Threei}  hate to be so vague but I have hard time nailing exact entries today

[10:40] {nemo} volumes pretty strong this morning

[10:40] {dino} welcome to my world

[10:40] {Threei}  things move in price areas rather than in preice levels

[10:41] {dino} xlf gap around 9.25 

[10:44] {ese} LFitb .30

[10:45] {Threei}  one more crazy thing: ARST

[10:46] {dino} what did you call me

[10:47] {nemo} ha....ha....ha....

[10:48] {dino} arst down big yesterday only thing i see

[10:48] {nemo} got a big kick in the arst...huh Dino?

[10:48] {ese} out Fitb .37

[10:49] {dino} :)

[10:50] {Threei}  remember photo op of prez wioth CAST CEO when they pushed stimulus through?

[10:50] {dino} hmmm ibm misses goes up, txn beats goes down

[10:50] {Threei}  CAT ceo

[10:50] {Threei}  look at this:

[10:50] {Threei}  CAT EXEC: US GOVT STIMULUS PROGRAM IS DISAPPOINTING AND "MISSED AN OPPORTUNITY

[10:51] {dino} because only 4% goes to infrastructure

[10:53] {Threei}  WFC is 60 cents up from the moment I gave very clear buy signal:

[10:53] {Threei}  [10:34] {Threei} WFC

[10:53] {Threei}  can I claim the credit?

06[10:53] * magoo slaps Threei around a bit with a large trout

[10:53] {nemo} NOPE

[10:53] {magoo} no u didnt take it

[10:53] {Threei}  sigh

[10:54] {magoo} out WFC here .43

[10:54] {Threei}  lol

[10:56] {nemo} Think RIMM will make up it's mind anytime soon?

[10:58] {Threei}  feels rather like rally in the making

[10:58] {vinod} Politician on TV with geithner trying to figure out 1+1=3 or=1.5

[10:59] {Threei}  lol

[10:59] {jfjf64} wfc  wow

[10:59] {Threei}  just pick anything but FAZ and buy

[10:59] {Threei}  BAC... WFC...

[11:00] {Threei}  TCK

[11:00] {Threei}  ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED

[11:00] {Threei}  hatled

[11:04] {Threei}  FAS green

[11:05] {Threei}  I identified trading skill I need to master

[11:05] {Threei}  throw the discipline out of the window and buy when I feel so

[11:06] {larisa} you do not need a skill for that :)

[11:06] {ese} we do but vad doesn't

[11:06] {Threei}  well, I have discipline ingrained so deeply, I really do :)

[11:07] {magoo} just throw out trades and keep stops boss

[11:08] {Threei}  and when tooo many of them get stopped, we hhave what we did yesterday

[11:08] {Threei}  not many are happy with that either

06[11:08] * magoo slaps Threei around a bit with a large trout

[11:08] {jfjf64} correct

[11:08] {vinod} trade out of frustration. The market punishes angry traders

[11:08] {magoo} snap out of it

[11:08] {magoo} wheres they russian bear i admire

[11:08] {Threei}  lol

[11:09] {magoo} risk IS our business

[11:09] {Threei}  APWR

[11:09] {Threei}  WINS TWO CONTRACTS TOTALING $75.3 MILLION FOR ANHUI WENERGY CO., LTD.''S BIOMASS-BASED MICRO-GRID ELECTRICITY GENERATION PROJECTS

[11:09] {Threei}  no

[11:09] {Threei}  managing risk is our business

06[11:09] * magoo slaps Threei around a bit with a large trout

[11:10] {magoo} your so licky i cant put in my own words

[11:10] {Threei}  and today just hasn't presented enough opportunities with manageable risk

[11:10] {Threei}  APWR

[11:10] {Threei}  wow

[11:10] {jfjf64} crazy

[11:15] {magoo} BAC crazy

[11:15] {dino} dino slaps vad around saying get w/it

[11:16] {Threei}  FITB goes back over 4 or what

[11:16] {nemo} in anything I grabbed a bagel?

[11:16] {Threei}  CAT

[11:16] {Threei}  CFO: CAT FINANCIAL HAS DONE A REMARKABLE JOB IN A TOUGH ENVIRONMENT, MAINTAINING LIQUIDITY WITHOUT NEEDING TO ISSUE MORE DEBT IN THE QUARTER; CALLS CAT FINANCIAL A "SIGNIFICANT ASSET" FOR THE COMPANY - CONF CALL

[11:16] {dino} kndl stop to .60

[11:17] {dino} patting himself on the back, cat

[11:17] {nemo} see RIMM jumpe while I was gone

[11:18] {nemo} What happened to TCK?

[11:18] {Threei}  [11:00] {Threei} TCK

[11:18] {Threei}  [11:00] {Threei} ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED

[11:18] {Threei}  [11:00] {Threei} hatled

[11:20] {dino} titn l .01

[11:22] {ese} still don't like the TRIN at 2.87...someone somewhere is selling like crazy......me thinks this market is going down tomorow

[11:22] {magoo} too far away es

[11:22] {ese} too true eh...

[11:23] {ese} as one of vads students....i should be disciplined for that remark

[11:24] {dino} kndl to .69

06[11:24] * nemo slaps ese around a bit with a large copy of MPP, TTR, and The Marquis DeSade

[11:25] {Threei}  I can't believe FITB

[11:25] {Threei}  I can't believe I missed whole rally today either

[11:25] {Threei}  I need a week in Tibet cave

[11:26] {magoo} with magoo

[11:27] {Threei}  sorry mags, I am as straight as they get

[11:27] {magoo} oh F

[11:27] {magoo} me too

[11:27] {nemo} how's you're ankle Mags?

[11:27] {magoo} baddddd

[11:27] {Threei}  I like you... but not that much

[11:27] {magoo} i dont even like yuo lol

[11:27] {Threei}  lol

[11:27] {Threei}  good one

[11:27] {dino} out kndl +.49

[11:27] {Threei}  can't blame you though, I don't like myself today either

[11:29] {Threei}  didn't see whole yesterday selloff as anything but shakeout, and said that; saw today opening as buying opportunity and said that; and all I came up with were those couple FITB scalps?

[11:33] {nemo} tck biing again @ 9.68

[11:33] {dino} plenty of day left vad

[11:35] {ese} signing off for about an hour....gotta teach a fun class...this is fun music is fun...it's a good life

[11:37] {dino} have fun

[11:41] {dptl} cenx?

[11:42] {Threei}  TCK open

[11:42] {dino} otex

[11:43] {Threei}  ugh... missed actual opening time

[11:43] {jfjf64} ??

[11:44] {nemo} [11:33] {nemo} tck biing again @ 9.68

[11:48] {pita} C&H on QQQQ?

[11:48] {Threei}  yes

[11:51] {dino} mygn 

[11:53] {Threei}  .65 is Qs break point

[11:54] {Threei}  but pullback is a bit too deep

[11:56] {vinod} you mean qqqq?

[11:57] {Threei}  yeah

[11:58] {pita} later all

[11:59] {Threei}  take care pita

[12:00] {Threei}  no news MYGN

[12:00] {Threei}  no idea what kills it

[12:03] {dino} sm l otex .12

[12:04] {Threei}  FAZ... 10.50 break is a short trigger

[12:04] {wulff} you like FAS break?

[12:04] {Threei}  which is yeah, FAS breakout trigger

[12:05] {Threei}  lunch time...

[12:07] {dptl} .68 stop for faz?

[12:08] {Threei}  above .65

[12:08] {dptl} in

[12:09] {Threei}  CAT CEO: DIVIDEND WILL ENDURE MORE DISCUSSION; WANTS TO KEEP DIVIDEND - CONF CALL

[12:10] {dino} cut coming

[12:10] {Threei}  lol

[12:10] {nemo} in reverse, Faz aove 60 long, FAS short?

[12:11] {nemo} above

[12:11] {Threei}  .65 is top of the range

[12:11] {Threei}  don't know really

[12:11] {nemo} oh yeah, plus lunch

[12:14] {dino} otex stop to .34

[12:19] {Threei}  meaningless 2 cents up, 2 cents down...

[12:19] {nemo} I think I'll go pet the horses

[12:21] {dino} otex to .52

[12:24] {dptl} anybody in faz still?

[12:24] {dawg} yes

[12:25] {Threei}  (US) FED'S STERN: WARNS THAT SOME SMALLER FIRMS CAUSE A SIGNIFICANT SYSTEMIC RISK, WOULD NOT BE IDENTIFIED BY A TEST BASED ON SIZE

[12:25] {Threei}  - Focusing on constraining the size of banks and financial firms could squander chances for reform

[12:25] {Threei}  will they ever shut up?

[12:26] {Threei}  none opf them said anything that resulted in something constructive, any single time

[12:27] {dptl} i am out .35 faz ty

[12:27] {dawg} out in full faz ty Vad

[12:27] {Threei}  welcome guys... entry at the upper end of the range would be best

[12:27] {dino} time will fix the problem, hands off is best 

[12:28] {Threei}  TCK is consolidating interestingly

[12:28] {dino} fstr

[12:29] {Threei}  worth a try IMO

[12:29] {Threei}  .75 break

[12:29] {Threei}  with stop under .65

[12:32] {dptl} in

[12:33] {magoo} innnnnnnnnnnnnnnnnnnnnn

[12:33] {nemo} in

[12:34] {dino} out otex .59, +.47

[12:35] {dino} apol sm l .50

[12:38] {ese} hi there...back

[12:40] {ese} everybody filthy stinking rick yet....hmmmmmmm....whats takin ya so long

[12:40] {ese} rich

[12:40] {Threei}  yes ese

[12:41] {Threei}  we took a page from your book

[12:41] {Threei}  and usurped your ATM

[12:41] {ese} lol

[12:41] {Threei}  scalped 2 billion shares on FITB 3 times from .78 to .83

[12:41] {magoo} and only 345,000 commission 

[12:41] {Threei}  shh mags... don't tell him the best part

[12:42] {ese} rotfl

[12:42] {Threei}  that we delegated commssions to him

[12:42] {Threei}  while keeping profits to ourselves

[12:42] {ese} alright...alright already.....

[12:42] {ese} too funny

[12:42] {magoo} forgot i was in tck lol

[12:43] {Threei}  President leaves the door open to prosecution Bush's admin offials

[12:44] {magoo} for what?

[12:44] {Threei}  I swear, this presidency is going to be so divisive, Bush and Cheney will look like two kissing doves of peace to us

[12:44] {Threei}  for torture magoo

[12:45] {magoo} its like mccarthyism

[12:45] {Threei}  not that I would be willing to go bhunting with Cheney, mind you

[12:45] {nemo} just stay behind him

[12:46] {dptl} still same stop for tck?

[12:47] {Threei}  it was so close to 1:1, I'd guess trailing to under .70 makes sense

[12:47] {dptl} ok ty

[12:49] {Threei}  FITB break of .80 - I really struggled with that call, and it danced in place fo so long

[12:49] {Threei}  then suddenly took off

[12:49] {Threei}  shrug

[12:50] {Threei}  TCK on the other hand, whicbh is much more mobile than FITB... goes nowhere

[12:50] {nemo} Big pop today, also challenging six month highs

[12:50] {nemo} Might be having a Wile E. moment

[12:51] {Threei}  FAS/FAZ...

[12:52] {Threei}  I really can't even define what reasonable is in this market

[12:52] {jfjf64} ?

[12:52] {magoo} WFC BAC highs STRONG

[12:52] {Threei}  find me one single person in the world who would expect FAS 2 dollars move off lows

[12:53] {Threei}  or FAZ 3 1/2 drop

[12:53] {nemo} may be snapback from the phony story on banks failing stress test yesterday

[12:54] {Threei}  I don't believe that story had much to do with drop

[12:54] {magoo} out TCK

[12:54] {magoo} cant take it lol

[12:54] {Threei}  it looked phony from the get-go and was largely dismissed as such by any serious source

[12:55] {Threei}  it just coincided with "normal" drop

[12:57] {dptl} stopped tck

[13:01] {ese} gotta figure the faz is gonna reverse some ...

[13:01] {Threei}  well

[13:01] {Threei}  question is:

[13:02] {Threei}  how do you tell whether it happens at -1, - 2 or -3 1/2 off the top?

[13:02] {Threei}  unless it forms decent setup

[13:02] {Threei}  which it doesn't

[13:02] {magoo} u ask magoo..he'll tell u  

[13:02] {Threei}  okay

[13:02] {Threei}  magoo?

[13:02] {dino}  out esi .60, +1.10

[13:02] {Threei}  where does FAZ reverse?

[13:02] {dino} nflx

[13:03] {magoo} but prob is i like financials long

[13:03] {ese} were you short dino

[13:04] {ese} wasn't here when you got in

[13:05] {dino} l from hours ago

[13:05] {KSystems} chinggis :) welcome

[13:05] {dino} 97.50 in

[13:05] {ese} nice

[13:05] {dino} had 2.50, blew it

[13:05] {ese} what kinda stop...trailing

[13:06] {dino} 100 shares only 3 buck

[13:06] {dino} gets to 96 area will hit again

[13:07] {Threei}  GOOG

[13:07] {Threei}  CFO: COMPANY HAS NOT CUT ANY OF ITS R&D SPENDING

[13:08] {magoo} hmmmmmmmmm

[13:09] {Threei}  market seem to be reversing to me

[13:09] {Threei}  watching WFC for short in .70 area

[13:10] {magoo} u read my mind

[13:10] {magoo} honestly

[13:11] {Threei}  if this is not a scary hought...

[13:11] {nemo} you two together in a cave...that's scary

[13:11] {Threei}  first weakness from here, with stop .80

[13:11] {magoo} futes pop

[13:12] {magoo} everythings moving higher carefu;l

[13:12] {Threei}  in .74

[13:13] {Threei}  stop is negligible

[13:13] {dptl} .73

[13:13] {nemo} for a short

[13:13] {dptl} .81?

[13:13] {nemo} boy's got stunads

[13:13] {Threei}  .81 - .82, yeah

[13:13] {magoo} short bacon .73

[13:14] {magoo} oops, bacon = bac

[13:15] {magoo} we call it bacon dino and i

[13:15] {Threei}  I knew there must have been someother weirdos out there, not just me

[13:16] {Threei}  ty for confirmation

[13:16] {magoo} u call it that?

[13:16] {Threei}  covering half .64

[13:16] {Threei}  scalpers take yor profit

[13:16] {magoo} iu that too

[13:16] {Threei}  and, as they say in the Bahamas, protect ya tings

[13:17] {dptl} half out

06[13:18] * Threei sends WFC a black mark in the envelope

[13:18] {dptl} out all .52 ty

[13:18] {Threei}  welcome

[13:18] {Threei}  gosh... first really easy play today

06[13:19] * Threei slaps magoo around a bit with a large roll of cash

[13:19] {vinod} ty great call wfc cover 0.55

[13:19] {Threei}  covering 1/4 more .50

[13:19] {Threei}  vinod :)

[13:19] {Threei}  got exactly what I wanted, bounce into upper BB envelop to short into

[13:20] {Threei}  out in full

[13:20] {vinod} i usually go in full and out full untill i get used too

[13:20] {Threei}  .44, +.30

[13:20] {Threei}  I do too whne I scalp

[13:20] {magoo} out .44 WFC

[13:20] {magoo} ty vad

[13:20] {Threei}  but this one was begging for bigger move

[13:20] {Threei}  welcome mags

[13:20] {magoo} still short bacon

[13:21] {magoo} ok..out bacon .65

[13:21] {Threei}  this is truly offensive for us, meat-eaters

[13:21] {Threei}  I suggest ban on BAC shorting

[13:21] {magoo} i know i know..i am in that group

[13:22] {magoo} never happen

[13:22] {Threei}  from now on, this room can only go long BAC

[13:22] {Threei}  you want short financial neame, pick any other

[13:24] {Threei}  come to think of it, that short entry was also double top with second one made on lower volume

[13:24] {Threei}  I didn't realize it at the time,

[13:24] {Threei}  mentioning now in educational purposes

[13:25] {larisa} I thought you played that pattern, what pattern you you used to get in ?

[13:26] {Threei}  establishing downtrend, bounce into upper BB channel without making new high

[13:26] {Threei}  that it coincided with double bottom became clear to me after the fact, lol

[13:26] {Threei}  sometimes I am slow

[13:27] {Threei}  first who jokes about "sometimes" gets trouted relentlessly

06[13:27] * Threei looks at magoo

06[13:27] * Threei looks at nemo

[13:27] {Threei}  okay then...

[13:28] {magoo} sometimes???

[13:28] {Threei}  too late... I holstered the trout already

[13:29] {Threei}  WFC

[13:29] {Threei}  upper BB is .60

06[13:29] * nemo slaps magoo around a bit with a large chatroom etiquette

06[13:29] * nemo slaps magoo around a bit with a large book of chatroom etiquette

[13:30] {Threei}  C

[13:30] {Threei}  - CEO Pandit: Govt has no active role in Citi's management (reminder: yesterday reports surfaced that the FDIC had discusssed replacement for Citigroup CEO)

[13:30] {Threei}  not since McCarthy times was gornment such a scarecrow

[13:31] {nemo} WFC short below .40?

[13:31] {Threei}  no

[13:31] {Threei}  I don't want to short breaks

[13:31] {Threei}  bounces if you can get good entry

[13:31] {Threei}  it's not an easy way bit much safer

[13:33] {Threei}  how about this?

[13:33] {Threei}  imagine getting caught in that spike

[13:34] {nemo} Yes...but I figured if it broke that support @ .40 it was good until support @ about .30 for a scalp.  I would have had to been fairly quick, which is not my modus operandi

[13:35] {nemo} TCK breaking down

[13:36] {Threei}  upper BB .60, high of previous bounce right there too

[13:36] {Threei}  let it bounce close, pause,

[13:36] {Threei}  if it doesn't make new high and start breaking down, short it

[13:36] {Threei}  while keeping an eye on FAZ

[13:36] {Threei}  to make sure it tunrs up

[13:36] {Threei}  your stop will be minimal

[13:37] {nemo} if it breaks .60 go long

[13:37] {Threei}  higher high, no go

[13:37] {nemo} broke .60

[13:37] {Threei}  nah

[13:37] {Threei}  no shorting doesn't necessary mean long

[13:38] {Threei}  FAZ

[13:38] {Threei}  watching for bounce

[13:39] {Threei}  missed

[13:40] {Threei}  pullback closer to 10 if we get lucky

[13:40] {Threei}  C

[13:40] {Threei}  CEO: WANTS TO RESTORE DIVIDEND AS FAST AS POSSIBLE

[13:40] {nemo} depends on how much more taxpayer money he can get

[13:40] {Threei}  in FAZ

[13:40] {Threei}  stop under 10

[13:41] {Threei}  no worky

[13:41] {magoo} BAC vad

[13:41] {magoo} .92

[13:41] {magoo} finnies too STRONG

[13:41] {Threei}  not sure where this spike is coming from, no news that I see

[13:45] {Threei}  sheesh

[13:45] {Threei}  that's not trading, that's shooting darts

[13:45] {magoo} really..double sheesh

[13:45] {nemo} while ducking incoming

[13:45] {Threei}  what the deuce was that

[13:45] {nemo} a deuce bag

[13:46] {magoo} allow me vad.............

06[13:46] * magoo slaps nemo around a bit with a large trout

06[13:46] * magoo slaps nemo around a bit with a large trout

06[13:46] * magoo slaps nemo around a bit with a large trout

[13:46] {Threei}  thank you

[13:46] {nemo} What took so long

[13:47] {magoo} this is a preschool site nemo

[13:47] {magoo} u ever see the baby on etrade?

[13:47] {Threei}  heh..two can play this game

[13:47] {magoo} vad stole him to laser

[13:47] {Threei}  took .98 on FAZ, out 10.10

[13:48] {Threei}  watch these teleportations

[13:48] {Threei}  there is a rythm to them

[13:48] {Threei}  they are scalpable

[13:49] {KSystems} faz? i bought it for a swing...

[13:49] {nemo} Vad interesting formation on TCK

[13:49] {Threei}  ?

[13:50] {nemo} Wedge up off that bottoming Bollinger band setup you like

[13:51] {nemo} Preschool?  When's nap time?

[13:51] {Threei}  way too narrow for that nemo

[13:53] {Threei}  anyone caught entry on FAZ this time?

[13:53] {Threei}  not something easy to call in time with these lightening moves

[13:53] {Threei}  you have to get the idea and catch it yourself

[13:54] {ese} signing off for the day   see ya tomorow

[13:54] {Threei}  should pullback now

[13:54] {Threei}  take care ese

[13:54] {magoo} buy ese

[13:54] {ese} see ya vad and thank you

[13:54] {ese} see ya mags

[13:54] {Threei}  welcome, even though I am not sure for what

[13:54] {Threei}  but hey... I am not the one to turn down heartfelt thank you

[13:55] {Threei}  here is my pullback

[13:55] {Threei}  a few cents more and bounce

[13:57] {Threei}  SEC'S SHAPIRO: SEC EXPLORING A PROPOSAL OVERY 'PAY TO PLAY' FUND RULES

[13:57] {Threei}  see the rythm?

[13:59] {Threei}  anyone got it??

[14:00] {Threei}  come on guys

[14:00] {magoo} i'm a white trader, i got no rythgm

[14:00] {nemo} me neither

[14:00] {dino} sm l nflx .50

[14:00] {magoo} cant jump either

[14:00] {nemo} although  TCK is up

06[14:00] * Threei slaps magoo around a bit with a large manuscript of political correctness

[14:00] {magoo} SEEEEEEEEE

[14:01] {magoo} reverse discrim

[14:01] {magoo} i cant even mention im white he he

[14:01] {nemo} Custodial engineer will be back at work again at the close

06[14:01] * Threei slaps magoo around a bit with a large affirmative action manual

[14:01] {magoo} or that i cant jump

[14:01] {nemo} Well...you broke your ankle, and your old

[14:02] {nemo} you're

[14:02] {Threei}  and overweight

[14:02] {magoo} holy crap, kickin magoo lol

[14:02] {nemo} pot calling the kettle black there

[14:02] {Threei}  hey, how often do we get a chance to kick a guy with broken ankle?

[14:02] {nemo} Me...often

[14:02] {Threei}  sorry, but we can't let such opportunity go

[14:03] {magoo} u know..i can accept that reasoning

[14:03] {nemo} understood...Can we make fun of his looks?

[14:03] {nemo} FAZ broke resistance

[14:04] {Threei}  feels to me FAZ is going to be ofgf to races very soon

[14:05] {Threei}  and market will be dropping some more

[14:09] {Threei}  FAZ entry is coming

[14:10] {Threei}  MYGN

[14:10] {Threei}  JP MORGAN MAKING POSITIVE COMMENTS - UPDATE

[14:12] {Threei}  in .15

[14:13] {Threei}  ugh... wanted to short WFC around .40

[14:13] {Threei}  no chance I guess

[14:13] {Threei}  half out FAZ

[14:14] {magoo} i took skf off call

[14:14] {Threei}  not too shabby

[14:15] {magoo} in 64.50

[14:15] {Threei}  [14:04] {Threei} feels to me FAZ is going to be off to races very soon

[14:15] {Threei}  I think I am getting my grip on the market back

[14:15] {jfjf64} yabba dabba fazz

[14:15] {magoo} and magoo interprets as..looky SKF

[14:15] {Threei}  why not... same thing...

[14:15] {Threei}  ballbreaker, nutcracker...

[14:16] {magoo} hmmmmmmmmm

[14:17] {Threei}  pullback is coming

[14:17] {nemo} in market or FAZ?

[14:17] {Threei}  FAZ should drop into .28 - .30 area

[14:17] {Threei}  in FAZ

[14:17] {Threei}  ounce for market

[14:17] {Threei}  bounce

[14:18] {Threei}  (JP) BANK OF JAPAN TO REPORTEDLY TRIM GDP FORECAST IN 2009 TO -5% TO -3% - NIKKEI NEWS

[14:18] {Threei}  - Reminder: last night a Govt source indicated that officials in Japan were to lowe their GDP forecast to -3%

[14:19] {Threei}  no pullback

[14:20] {vinod} coun't get in faz

[14:20] {magoo} out .70

[14:20] {magoo} + 1 something

[14:20] {Threei}  SKF?

[14:20] {Threei}  good one

[14:20] {magoo} yeah

[14:20] {magoo} [14:15] {magoo} i took skf off call

[14:20] {magoo} [14:15] {&Threei}  not too shabby

[14:20] {magoo} [14:16] {magoo} in 64.50

[14:20] {magoo} [14:16] {&Threei}  [14:04] 

[14:22] {dino} stopped nflx-.28

[14:24] {dptl} wfc short?

[14:25] {Threei}  feels to me yes

[14:25] {Threei}  and FAZ long

[14:25] {Threei}  exact entries is a headache to call

[14:25] {dptl} yeah

[14:26] {Threei}  sorry guys, this is kind of situation where all I can do is oputline general idea and now and then give you entries when I can

[14:26] {Threei}  doesn't happen often,

[14:26] {Threei}  normaslly I am very precise with entries stops and to certain degree exits

[14:27] {Threei}  but today is now it

[14:27] {Threei}  look

[14:27] {Threei}  what the heck just happened?

[14:28] {Threei}  today is NOT it I meanr

[14:28] {dino} nflx big rinse

[14:30] {Threei}  in FAZ .22

[14:30] {Threei}  stop under .10

[14:30] {vinod} infaz 10.14

[14:30] {Threei}  out

[14:30] {Threei}  shrug

[14:31] {vinod} i have stop at 10.00

[14:35] {vinod} stoped

[14:35] {Threei}  quite amazing waves

[14:40] {vinod} now it going to be 11.

[14:40] {vinod} since i am out

[14:41] {Threei}  or 9

[14:41] {Threei}  and you'll be very happy to be out

[14:41] {vinod} yes, it is part og play

[14:41] {vinod} of

[14:43] {nemo} pullback to .95 on FAZ?

[14:44] {nemo} nope

[14:44] {Threei}  can't tell

[14:48] {vinod} this is a phony rally by banks

[14:52] {Threei}  lol

[14:53] {nemo} what?

[14:55] {Threei}  these drops and spikes out of nowhere

[14:57] {dino} apol stop to .20

[15:01] {Threei}  WORLD BANK PRESIDENT: USD WILL REMAIN THE WORLD'S RESERVE CURRENCY

[15:01] {Threei}  heh

[15:01] {Threei}  who would have thought

[15:02] {dino} to .45b apol

[15:02] {dino} to .50

[15:03] {dino} out apol .50, +1.00

[15:05] {vinod} Threei  who would have thought -My Original purpose to come to US was to get some green

[15:06] {vinod} But they made me work for it

[15:07] {Threei}  lol

[15:07] {Threei}  look at FAZ

[15:07] {Threei}  glad you are out?

[15:08] {dino} intc l .15

[15:08] {vinod} you are correct it going to be at 9

[15:08] {cosmo} fas hod

[15:09] {Threei}  US) EPA: WAXMAN-MARKEY CLIMATE BILL WOULD HAVE A FAVORABLE ECONOMIC IMPACT, COULD PLAY A KEY ROLE IN ECONOMIC RECOVERY

[15:09] {Threei}  - Note that this bill is centered around a cap-and-trade system that is intended to reduce American greenhouse gas emissions to 20% below 2005 levels by 2020, and to 83% below 2005 levels by 2050.{

[15:09] {nemo} cap & trade is wealth transfer

[15:09] {nemo} not creation

[15:09] {cosmo} scam too

[15:10] {nemo} so it'll be a net negative because of transaction costs...idiots

[15:10] {Threei}  sigh

[15:10] {cosmo} it never got a stress test either

[15:12] {magoo} vad, we in anythiong?

[15:12] {Threei}  tes

[15:12] {Threei}  in shoskc and awe

[15:12] {Threei}  shock too

[15:13] {magoo} thiong?

[15:13] {Threei}  am I dyslexic...

[15:13] {magoo} in any thong? lol

[15:13] {nemo} hehehehehe

[15:13] {Threei}  I mean, diksleksic

[15:13] {nemo} dyspeptic

[15:18] {magoo} vad, u in any thong here?

[15:18] {Threei}  ummm

[15:19] {Threei}  this is second time today you make me question your orientation, mags...

[15:19] {dptl} lol

[15:19] {magoo} roflol

[15:19] {nemo} careful of your ankle mags

[15:20] {dino} intc to .27

[15:20] {nemo} fas short below .60? or FAZ long?

[15:20] {magoo} my ankle feels like when kathy bates did his ankle in in "misery"

[15:20] {dino} out intc .27, +.12

[15:23] {dino} come over here so i can kick it mapoo

[15:23] {magoo} ma poo??

[15:23] {nemo} His poo?

06[15:23] * magoo slaps dino around a bit with a large trout

06[15:23] * nemo slaps dino around a bit with a large roll of quilted Charmin

[15:24] {dino} lol

[15:25] {Threei}  strange day

[15:25] {cosmo} IYR daily

[15:25] {Threei}  first, my read on the market seems to oscillate today

[15:25] {Threei}  comes back and fades away, time and again

[15:25] {Threei}  second, you guys are beyond strange today

[15:25] {Threei}  but that's fine... oddly enough, I find it comforting

[15:26] {dino} wicked moves today

[15:26] {nemo} pot callin' kettle black again Vader

[15:26] {Threei}  I guess, lol

[15:26] {Threei}  wicked is right

[15:26] {magoo} i have not been myself today he he

[15:26] {Threei}  who would have believed in themorning if told what FAS/FAZ were going to do

[15:27] {dino} lots of stocks down 4-10 bucks, i call that wicked

[15:27] {Threei}  mags... I don't know if that's good or bad, honeslty

[15:28] {nemo} Dino look at stats on FINVIZ.com?

[15:29] {dino} i don't know what to look at, busy

[15:30] {Threei}  UAUA CEO: NO INDICATIONS YET THAT TRAVEL HAS BOTTOMED; DIFFICULT TO FORECAST A BOTTOM

[15:31] {nemo} top of page volumes on NAS below average, average for S&P 120% for dow.  71% advancing 74% above 20 day 80% above 50 day

[15:31] {dino} ok, thx

[15:31] {magoo} i took 100 sh skf long .70

[15:32] {magoo} risky

[15:32] {magoo} would luv multi points

[15:32] {Threei}  100 shares?

[15:32] {Threei}  magoo is replaced by alien today

[15:32] {magoo} lil more..dont want hurt anyobne

[15:32] {nemo} it's the drugs

[15:32] {nemo} his ankle

[15:33] {Threei}  he trades 100 shares, he is gayishif not just gay...

[15:33] {nemo} mmmmmhhhhh....didn't somebody scold somebody about political correctness today

[15:34] {Threei}  I changed my mind

[15:34] {magoo} I AM NOT GAY..AND I AM NOT POLITICALLY CORRECT}}SO DONT GET ME GOINMG HE HE

[15:34] {Threei}  I watched thes story about miss california on TV

[15:34] {nemo} your bat your ball your park

[15:34] {Threei}  I don't want to be politically correct anymore

[15:34] {Threei}  (not that I ever did, lol)

[15:35] {nemo} yeah...at least they don't have a Lubyanka in Canada...I think???

[15:35] {magoo} fcreakin SKF..whenever im niot in it goes like 30 points

[15:35] {Threei}  girl said what she thought, wasn't offensive, wasn't exclusive or dismssive

[15:35] {magoo} when in it blows

[15:35] {Threei}  and got pillored

[15:39] {magoo} no work

[15:41] {dino} txn stop to .05

[15:41] {Threei}  we got inside day today

[15:41] {dino} stopped +.30

[15:42] {Threei}  which means, anyone's guess what happens next

[15:42] {Threei}  my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[15:42] {magoo} out SKF .19

[15:43] {magoo} + but not my 30 points:(

[15:43] {cosmo} BRCM hod test soon

[15:43] {cosmo} 20.39

[15:43] {Threei}  volume on NASDAQ is a bit higher than yesterday

[15:43] {dino} gaps above and below

[15:44] {Threei}  right

[15:44] {Threei}  inside dsay will do that

[15:44] {Threei}  leaves a lot of ucertainety

[15:44] {Threei}  only typed better

[15:45] {dino} fri close gaps up, no gaps today

[15:45] {dino} needed 825 gap to fill, just missed

[15:48] {magoo} MS reports tomorrow morn  vad

[15:48] {magoo} aapl tomorrow after bell

[15:48] {nemo} boy cable here in the backwoods of Maine really SUCKS!!!

[15:48] {dino} t prior

[15:49] {dino} buy dvd's

[15:49] {Threei}  and WFC

[15:49] {nemo} Internet connection

[15:49] {Threei}  lol

[15:49] {magoo} OYYYYYY

[15:50] {dino} then get cnbc dvd

[15:50] {cosmo} brcm gappa?

[15:50] {dino} pretty much same show every day

[15:50] {dino} c'mon titn, pappa needs some new shoes

[15:52] {nemo} did I miss anything between :38 and :48?

[15:53] {magoo} GS should 120..RISKY

[15:53] {magoo} in .,20

[15:53] {Threei}  no nemo

[15:54] {nemo} kewl

[15:54] {Threei}  today went not overly active but profitable

[15:54] {Threei}  and I really don't want to spoil it during these chaotic jumps

[15:54] {Threei}  one must know ones limitations

[15:54] {Threei}  and one has magoo to remind of them if one forgets

[15:55] {magoo} oh yea..look GS

[15:56] {Threei}  mama mia, FAZ

[15:56] {Threei}  -3 from the top

[15:56] {magoo} 120

[15:56] {Threei}  you would expect this kind of magnitude from $40 stock, not from under $10

[15:56] {dptl} have a good evening all

[15:57] {magoo} [15:54] {magoo} GS should 120..RISKY

[15:57] {nemo} hey MAGS you clear GS?

[15:57] {magoo} [15:54] {magoo} in .,20

[15:57] {magoo} [15:54] {&Threei}  no nemo

[15:57] {Threei}  take care dp

[15:57] {magoo} cut yes

[15:57] {magoo} get OUT

[15:57] {magoo} dso not hold

[15:58] {magoo} will gap at close CAREFUL

[15:58] {Threei}  hold?

[15:58] {Threei}  no way

[15:59] {magoo} nemo??

[15:59] {Threei}  MS reporting... WFC reporting...

[15:59] {Threei}  generaly earnings season

[15:59] {nemo} WFC on THursday I think

[15:59] {Threei}  FITB

[15:59] {Threei}  COMFORTABLE WITH CAPITAL LEVELS - FILING

[15:59] {magoo} u take GS nemo? u OUT??

[15:59] {Threei}  I show tomorrow morning

[16:00] {Threei}  SEES CAPITAL LEVELS EXCEEDING TARGETS IN THE NEAR TERM - ANNUAL MEETING SLIDES

[16:00] {magoo} yup vad

[16:00] {nemo} no

[16:00] {Threei}  okay guys

[16:00] {magoo} scared me bro

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

[16:00] {Threei}  see you tomorrow

[16:00] {magoo} please respond next time or i slap ya

[16:01] {magoo} vad WAIT

[16:01] {nemo} who me?  I was down for 10 minutes?

[16:01] {Threei}  what?

06[16:01] * magoo slaps Threei around a bit with a large trout

[16:01] {Threei}  oh that

[16:01] {fernp} good day here.  See you all tomorrow. Good evening

[16:01] {Threei}  good to hear fern

[16:01] {Threei}  magoo

[16:01] {magoo} good recove fern

06[16:01] * nemo kneecaps mags with a 2x4

[16:01] {jfjf64} good day all

[16:01] {nemo} now your ankle won't hurt

06[16:02] * Threei slaps magoo around a bit with a large holster containing trout inside

06[16:02] * nemo throws a handful of trout eggs at magoo

[16:02] {nemo} Vad...we'll have to move up to bigger fish...sturgeon next

[16:03] {Threei}  more stink too

[16:03] {nemo} caviar though

[16:03] {Threei}  true

[16:03] {nemo} can't whack mags with that!

Apr 20 2009

Not a stellar day. A few nice plays on DNDN, RIMM, CAT were outnumbered but small but a few too many stops. Not deep but in red.

Session Time: Mon Apr 20 00:00:00 2009

[07:51] {Threei}  DNDN

[07:51] {Threei}  LAZARD RAISED DNDN TO BUY FROM HOLD, PRICE TARGET: $25

[07:52] {Threei}  04/19/09 10:01am

[07:52] {Threei}  [DNDN] Dendreon Corp Presents Phase III data on Provenge potency and immune responses in prostate cancer

[07:52] {Threei}  - Co presented today data from its PROTECT (PROvenge Treatment and Early Cancer Treatment) or P-11 Phase 3 study suggesting that PROVENGE (sipuleucel-T) induces long-term memory immune responses that are durable and can be maintained following boosting.

[07:54] {Threei}  JAVA

[07:54] {Threei}  ORACLE BUYS SUN MICROSYSTEMS FOR $9.50/SHR IN CASH, DEAL VALUED AT $7.4B (LAST $6.69)

[07:55] {Threei}  04/20/09 07:00am

[07:55] {Threei}  [BAC] Bank of America Corp Reports Q1 $0.44 v $0.04e, R $35.8B v $27.1Be

[07:55] {Threei}  - Provision for credit losses $13.38B v $8.53B q/q, $6.01B y/y

[07:55] {Threei}  - Q1 Credit extended $183.1B v $180.8B q/q

[07:55] {Threei}  - Q1 ROE 7.10% v -6.68% q/q

[07:55] {Threei}  --Q1 ROA 0.68% v -0.37% q/q

[07:55] {Threei}  - Q1 Tier 1 ratio 10.09% v 7.51% y/y

[07:55] {Threei}  - Q1 Provision for credit losses $13.4B v $8.53B q/q

[07:55] {Threei}  - Q1 Net charge-offs $6.94B v $5.54B q/q

[07:55] {Threei}  - Q1 Total managed net losses $9.12B v $22.9B q/q

[07:55] {Threei}  - Q1 Nonperforming assets $25.7B v $18.2B q/q

[07:56] {Threei}  - Q1 Global Banking Rev $4.64B v $3.86B y/y, Efficiency ratio 54.11% v 45.13% y/y

[07:56] {Threei}  - Q1 Global Markets $6.79B v -$848M y/y, Efficiency ratio 45.04%

[07:56] {Threei}  - Q1 Global Wealth and Investment Management Unit Rev $4.36B v $1.98B q/q, Efficiency ratio 75.41% v 53.77% q/q

[07:56] {Threei}  - Q1 Deposits Rev $3.46B v $4.15B y/y, Efficiency ratio 68.2% v 53.37% y/y

[07:56] {Threei}  - Q1 Global Card Services $7.46B v $7.87B y/y, Efficiency ratio 27.83% v 27.95% y/y

[07:56] {Threei}  - Q1 Home Loans & Insurance $5.22B v $1.37B y/y, Efficiency ratio 50.73% v 52.66% y/y

[07:56] {Threei}  04/19/09 10:43pm

[07:56] {Threei}  [BAC] Bank of America Corp Longtime shareholder, Eliasberg family, is losing faith in the firm and CEO Lewis - NYT

[07:56] {Threei}  - Eliasberg owns a "substantial" number of Bank of America shares for an individual.

[07:56] {Threei}  - Note: On Friday's session, proxy advisory firm Glass Lewis recommended that shareholders vote against the re-election of CEO Lewis at April 29 annual meeting - CNBC

[08:35] {nemo} anything on F this morning yet?

[08:35] {fernp} Hello everybody

[08:36] {Threei}  fern :)

[08:36] {Threei}  04/20/09 04:39am

[08:36] {Threei}  [F] Ford Motor Co Chinese sales to be comparable or better than industry rivals in 2009

[08:36] {Threei}  - Have seen sales accelerate following the end of Q1

[08:38] {Threei}  04/19/09 09:43pm

[08:38] {Threei}  (US) White House Chief of Staff Emanuel: The administration plans to put in place new energy legislation by the end of the year, with stated goal to include provision for climate change

[08:38] {Threei}  - Comments made on ABC's "This Week with George Stephanopoulos."

[08:38] {Threei}  - House Energy and Commerce Committee to commence hearings on proposed legislation limiting greenhouse gas emissions as early as this week. Proposed legislation could then require acquisition of permits to release carbon into the atmosphere.

[08:38] {Threei}  - Energy and Commerce Committee Chairman Waxman requested that a bill, including measures addressing energy efficiency and development of related technology, would pass through the committe by late May before the House vote later in 2009.

[08:38] {Threei}  - Senate Majority Leader Reid is calling for cap-and-trade legislation by mid-2009

[08:38] {Threei}  - Note, earlier last week, EPA announced it plans to proceed with regulation of carbon dioxide, holding polluters accountable under Clean Air Act

[08:38] {Threei}  - On Mar. 5th, House Majority Leader Hoyer noted that Congress could pass a climate-change bill by late May

[08:38] {dptl} good morning

[08:39] {Threei}  dp :)

[08:53] {pita} gm everyone

[08:53] {Threei}  pita :)

[08:53] {cosmo} but ... but, CO2 is a neutrient

[08:53] {cosmo} to life on earth

[08:53] {Threei}  so what

[08:53] {Threei}  politicians said it's bad

[08:53] {cosmo} it stinks

[08:54] {cosmo} not CO2 tho

[08:54] {cosmo} i think they still think its CO ... hmph

[08:55] {cosmo} climate changes happens ...sheesh

[08:56] {Threei}  don't fight it cosmo... they decided we have to pay, and that's that

[08:57] {cosmo} just don't take away my 1986 honda

[08:57] {cosmo} its a classic

[08:58] {Raven} Washington will soon make you junk that sucker cosmo and they will pay you $5K to do that

[08:58] {cosmo} ughhh

[08:58] {Raven} yes ... your classic will be crushed into a square package

[08:59] {cosmo} i do 5K in maintenence ...give me a break

[08:59] {Raven} they will not care ... the Honda is history

[08:59] {Threei}  and in the process of destruction it will release more C)2 than it would during its entire life

[08:59] {cosmo} they know that

[09:00] {Raven} cosmo will have to take anxiety drugs

[09:00] {cosmo} you mean... more?

[09:01] {Raven} stronger dose maybe

[09:01] {cosmo} but i'm maxed out

[09:01] {Raven} that is trouble then

[09:01] {cosmo} sigh .... need coffee....brb

[09:01] {Raven} lol

[09:02] {ese} good morning

[09:02] {Threei}  ese :)

[09:03] {magoo} morning

[09:03] {Threei}  magoo :)

[09:04] {magoo} we got to make $$ early today vad so i can go to hospital 

[09:05] {Threei}  great

[09:05] {Threei}  I'll be back tomorrow

[09:05] {larisa} good morning :)

[09:05] {Threei}  larisa :})

[09:06] {larisa} threei :)

[09:06] {ese} hospital?

[09:07] {cosmo} PALM pre mkt spike high = 10.49   fwiw

[09:08] {Threei}  06:12am [PALM] BofA/Merrill Lynch Raised PALM to Buy from Neutral, price target: $14

[09:08] {Threei}  04/17/09 07:29am [PALM] Morgan Joseph Cuts PALM to Hold from Buy, price target: $10more.. - on valuation

[09:08] {Threei}  make your pick

[09:08] {cosmo} 10

[09:09] {magoo} [09:07] {ese} hospital?

[09:09] {magoo} yeah, here on crutches, may have broke ancle motocross racing with son yesterday 

[09:09] {Threei}  ouch

[09:10] {ese} ya .....i'm visiting vad at vic general tonight?

[09:10] {Threei}  me?

[09:10] {ese} oh oh oh....sorry it's mags in the hospital....appologies

[09:11] {ese} don't know if I can geth there mags

[09:11] {ese} faz....great looking daily chart

[09:12] {Threei}  FAZ formed 9.80 resistance so far

[09:12] {Threei}  it's also the high of Fri

[09:12] {Threei}  JPM 32.10 support to break

[09:12] {ese} if it gets past 10 vad......ouuuuuuuu  sky could be the limit

[09:13] {Threei}  if you want premarket gamble, mags, here are two

[09:13] {Threei}  JPM can snapback harshly

[09:14] {Threei}  thin trading

[09:14] {ese} java up huge also.....news?

[09:14] {Threei}  ORCL bought it for 9.50

[09:14] {ese} ahhhh

[09:15] {wulff} [=======]

[09:15] {Threei}  I'll take it as "good morning"

[09:16] {Threei}  DNDN will probably be a hot battlefield again

[09:16] {jfjf64} mornin all

[09:17] {Threei}  jf :)

[09:21] {dino} gm all

[09:21] {Threei}  dino :)

[09:21] {Threei}  06:46am [LVS] JPMorgan Raised LVS to Overweight from Neutral, price target: $8

[09:24] {vinod} gm to all

[09:24] {Threei}  vinod :)

[09:25] {Threei}  US TREASURY SPOKESMAN: WE DO NOT HAVE RESULTS FOR THE STRESS TESTS YET

[09:29] {magoo} vad, wheres goio entry FAZ u think?

[09:29] {Threei}  I said earlier, .80 break

[09:29] {Threei}  now gotta wait for pullback or new consolidation

[09:30] {magoo} ok

[09:30] {magoo} cut me some slack

[09:30] {magoo} pain

[09:32] {Threei}  same for JPM... 32.10 was short trigger

[09:32] {magoo} yup

[09:32] {magoo} nice calls

[09:33] {ese} missed faz.....

[09:33] {Threei} Long Setup:  DNDN  .85 half lot

[09:33] {Threei}  stop under .70

[09:33] {Threei}  very risky

[09:34] {dptl} in

[09:34] {magoo} in 

[09:34] {Threei}  1:1

[09:34] {magoo} out .02 TY

[09:34] {magoo} full lot

[09:34] {Threei}  1:2, out

[09:35] {Threei}  scary thing

[09:35] {jfjf64} out ty

[09:35] {jfjf64} scary

[09:35] {Threei}  that's why half lot call

[09:35] {Threei}  for al but magoo {G}

[09:35] {dptl} out .03 ty

[09:35] {magoo} u want scary..take1k GS lol

[09:36] {magoo} DONT

[09:36] {Threei}  lol

[09:37] {Threei}  NTAP

[09:37] {Threei}  TICKING HIGHER AS CNBC GUEST SPECULATES ON COMAPNY'S PROSPECTS AS AN ACQUISITION TARGET AFTER RECENT JAVA/ORCL DEAL ANNOUNCEMENT

[09:37] {magoo} everyone expects and wants a pullbk in mkts...what would kill the most? a rally to green

[09:38] {Threei}  DNDN... sheesh

[09:38] {Threei}  BAC EXECUTIVE: REITERATES THAT MERRILL AND COUNTRYWIDE ADDED TO Q1 RESULTS -SLDIE PRESENTATION

[09:38] {ese} faz pulling back

[09:42] {Threei} Long Setup:  LVS  .20 break

[09:42] {dptl} in

[09:43] {dptl} stop under .10?

[09:43] {Threei}  stop for hardcore scalpers .14, for day trade under .10

[09:44] {ese} L faz .18

[09:44] {Threei}  no worky

[09:45] {dptl} stopped

[09:45] {Threei} Long Setup:  DNDN  .65 if stays above .50

[09:47] {dptl} in

[09:47] {magoo} in

[09:48] {ese} L faz again avg .22

[09:48] {Threei}  over 1:1

[09:49] {magoo} out .80 FL

[09:49] {magoo} ty 

[09:49] {dptl} ah out .75 ty

[09:50] {jfjf64} out.78 ty

[09:50] {wulff} out .79

[09:51] {magoo} hit-n-run day boyz :)

[09:52] {Threei}  and who is to know better than a guy on the crutches {G}

[09:52] {Threei}  MSF CEO: VERY SURPRISED BY ORACLE/SUN ANNOUNCEMENT

[09:52] {Threei}  {JAVA CSCO}

[09:52] {magoo} half way there vad

[09:53] {ese} out FAZ .34 +.12

[09:54] {Threei}  GE...

[09:54] {Threei}  looks like time to start looking for bounce

[09:54] {Threei}  .65 long if stays above .60

[09:55] {nemo} that sucked

[09:55] {Threei}  ?

[09:55] {nemo} let's just say the broadband connections in Maine are neither robust nor dependable

[09:56] {ese} wonder whats driving faz....technical?

[09:56] {Threei}  all finnies are very weak

[09:56] {Threei}  BAC report is not being perceived well

[09:56] {ese} dino what are you looking at...

[09:58] {dino} axys, rimm

[09:58] {dino} l ,25 intc

[09:58] {dino} titn

[09:58] {dino} vivo

[09:59] {dptl} still valid ge?

[09:59] {ese} short rimm around 66.60

[09:59] {dino} wtg

[09:59] {Threei}  I think so

[09:59] {dino} i want bounce, but gap way under

[09:59] {dptl} oh in .66

[10:00] {Threei}  *MAR LEADING INDICATORS: -0.3% V -0.2%E

[10:00] {ese} no....i haven't shortted rimm yet was thinking around 66.60 on a bounce

[10:00] {magoo} DNDN

[10:00] {dino} schw around 16.65

[10:00] {Threei}  CITI ANALYST NOTES JP MORGAN IS WELL POSITIONED TO PASS GOVERNMENT STRESS TESTS, DOES NOT SEE ANY NEED FOR FIRM TO RAISE MORE CAPITAL

[10:01] {dptl} stopped ge

[10:01] {dino} next jpm will say same about citi

[10:02] {Threei}  lol

[10:03] {Threei}  ummmm

[10:03] {Threei}  FED'S BERNANKE: GLOBAL ECONOMY CONTINUES TO EXPERIENCE UNUSUAL TRUBULANCE

[10:03] {Threei}  unusual?

[10:03] {Threei}  you don't say

[10:05] {ese} unusual turbulence??.....as opped to usual turbulence

[10:05] {Threei} Long Setup:  BAC  .30 break

[10:06] {ese} scary....this guy is in charge of the bigest economy in the world.....

[10:06] {Threei}  offer half just above .40, scalpers take profit

[10:06] {magoo} in bac

[10:06] {ese} missed it

[10:07] {nemo} yeah

[10:07] {dptl} missed

[10:07] {Threei}  DNDN... much as I hate to buy breaks on it, 20 looks very tempting

[10:08] {magoo} in 98

[10:09] {nemo} blew by my .01

[10:09] {nemo} BAC still good for entry?

[10:09] {magoo} out dndn TY vad

[10:09] {Threei}  see where it bottoms out on this pullback,

[10:10] {Threei}  buy recross of .30

[10:10] {nemo} yes

[10:10] {Threei}  good timing on DNDN exit mags

[10:10] {magoo} yeah..not bad for being doped up

[10:11] {dino} just say "no" magoo

[10:12] {Threei}  lol

[10:12] {ese} NILE dino

[10:14] {nemo} short bac on break of low?

[10:14] {Threei}  nah

[10:15] {Threei}  long is not working

[10:15] {Threei}  but short is very dicey

[10:15] {Threei}  BAC CEO: LOOKING ACROSS ALL BUSINESS UNITS FOR POSSIBLE DIVESTITURES; FIRST REPUBLIC IN PROCESS AT THE MOMENT - CONF CALL

[10:15] {Threei}  sheesh, conference call in progress

[10:15] {Threei}  leave it alone

[10:17] {Threei}  AMZN

[10:18] {Threei}  bounce must be close

[10:18] {ese} I don't understand what FAZ is......what does it represent

[10:18] {Threei} Long Setup:  AMZN  .50 break if stays above .30

[10:18] {Threei}  this is triple short of financial sector ese

[10:19] {Threei}  buying it you go short on finnies

[10:19] {ese} so it functions like QID ...opposite market

[10:19] {dptl} in amzn

[10:19] {Threei}  yes, only in financial secotr, not whole market

[10:19] {ese} tks ..got it

[10:21] {Threei}  market still hasn't stabilized

[10:21] {dptl} geez stopped amzn

[10:23] {dptl} was so fast -.33

[10:23] {nemo} relative volume is way up there so far

[10:25] {dino} axys sm l .15

[10:27] {nemo} Leading Economic Indicators Index in U.S. Fell 0.3% in March 

[10:27] {Threei}  [10:00] {Threei} *MAR LEADING INDICATORS: -0.3% V -0.2%E

[10:27] {nemo} computer problems

[10:29] {dino} ofix sm l .95

[10:30] {ese} L QID .98

[10:31] {Threei}  BAC CEO: COMPANY ABSOLUTELY DOES NOT NEED MORE CAPITAL

[10:32] {Threei}  market: we absolutely are not convinced

[10:33] {ese} out QID ..05 +.07

[10:33] {Threei}  anyone see any news on SCON?

[10:34] {ese} not I

[10:36] {cosmo} http://finance.yahoo.com/news/American-Superconductor-bw-14968727.html?.v=1

[10:37] {cosmo} ....sympathy

[10:37] {Threei}  that's some sympathy

[10:38] {cosmo} a stretch

[10:39] {cosmo} Department of Energy will award about $4 billion in grants under the stimulus package to improve the nation's electric grid.

[10:40] {dino} sm wide wynn l .49

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

[10:43] {Threei}  why does MS defy gravity?

[10:44] {jfjf64} crazy

[10:44] {dino} titn sm l .08

[10:45] {Threei}  not anymore

[10:45] {jfjf64} lol

[10:46] {pita} will BAC bounde off 9?

[10:49] {Threei}  feels to me like bottom is close

[10:49] {Threei}  for everything - finnies and market

[10:49] {Threei}  and overrall... this whole drop has a taste of engineering

[10:50] {nemo} Plunge Production Team?

[10:50] {dino} well you are one by trade

[10:50] {dino} no, its options exp hangover from fri

[10:50] {nemo} oh...dino's going for your title vad

[10:57] {magoo} bounce time AAPL RIMM AMZN vad?

[10:57] {magoo} DNDN?

[10:57] {Threei}  don't puish mags

[10:57] {Threei}  I don't know

[11:02] {Threei} Long Setup:  CAT  .60 break if stays above .50

[11:04] -} *chanserv* ACCESS #floor ADD _rook 1

[11:04] {dptl} in

[11:04] {nemo} in

[11:05] {magoo} in

[11:06] {dptl} half out

[11:07] {nemo} half out

[11:07] {Threei}  1:1

[11:07] {jfjf64} out

[11:07] {magoo} im thinking .8area9

[11:08] {magoo} .80 area

[11:08] {ese} Lfaz .45

[11:09] {dptl} out more .79

[11:09] {nemo} out .79

[11:10] {Threei}  1:2

[11:11] {dptl} all out .87 ty

[11:11] {Threei}  welcome, well played

[11:11] {ese} out faz .50 +.05

[11:11] {dptl} +.10 +.19 +.27

[11:13] {dino} strange, big drop and sits

[11:14] {dino} gj guys

[11:15] {magoo} waiting .97

[11:15] {magoo} greeddy i guess

[11:15] {wulff} bad kitty

[11:15] {ese} should be bounce time aapl......i'm with ya mags

[11:17] {dino} vivo l .55, stop lod

[11:18] {Threei} Long Setup:  RIMM  .55 break

[11:18] {Threei}  if stays above .40

[11:18] {wulff} still feel a rally coming

[11:18] {Threei}  me too

[11:19] {Threei}  timing is not easy

[11:19] {Threei}  but gotta try

[11:19] {ese} thats what i'm thinkin for rimm vad

[11:19] {magoo} in rimm

[11:20] {dptl} in rimm .58

[11:20] {nemo} missed

[11:20] {Threei}  if this is it, RIMM 66 should be easy

[11:20] {ese} l rimm

[11:20] {ese} .43

[11:21] {nemo} in rimm

[11:21] {magoo} just do not rinse us mother mrk

[11:21] {magoo} market

[11:22] {ese} 2nd that

[11:22] {Threei}  would like to see now .50 holding, .65 - .70 zone taken

[11:23] {magoo} kickin CAT

[11:23] {dptl} out some .70

[11:23] {Threei}  and next spike should take us into .80 - .85 zone

[11:23] {ese} out rimm .66 =}23

[11:23] {ese} +.23

[11:25] {magoo} changing cat exit 31.07

[11:25] {dino} gj

[11:25] {nemo} half out rimm .72

[11:25] {Threei}  half out RIMM .76

[11:26] {nemo} where stop .56?

[11:26] {magoo} out CAT .93 changed monid TY

[11:26] {Threei}  .54 for me

[11:26] {Threei}  welcome mags

[11:30] {nemo} out rimm

[11:31] {dptl} out last rimm

[11:32] {ese} whoaaa it wasn't rimm i was in it was apple.......might be time to stop trading today

[11:32] {Threei}  lol ese

[11:32] {nemo} wow ese

[11:33] {ese} didn't see the symbol, just the pattern.....thought it was rimm

[11:33] {Threei}  as long as you make money...

[11:33] {ese} I did

[11:33] {nemo} trading in zen,,,subconscious trading

[11:34] {magoo} out rimm .69 TY vad

[11:34] {Threei}  ese gives new meaning to "kicking a$$ and taking names"

[11:34] {ese} bizzare ...was looking at order confirmations and went....where the hell is rimm....weird

[11:34] {dino} nice

[11:34] {magoo} fell out of chaird

[11:34] {magoo} layte post

[11:38] {nemo} RIMMM seting up again?

[11:38] {Threei}  not sure

[11:38] {Threei}  no conviction yet

[11:38] {jfjf64} lk that

[11:38] {nemo} me neither, that's why I asked?  .ooks like NDX might be picking up

[11:39] {Threei}  you guys make me feel better about my typing today

[11:39] {Threei}  last 5 lines, not a single one of them is typed without mistakes {G}

[11:41] {dptl} cat?

[11:41] {Threei}  chart is too perfect...

[11:42] {Threei}  10 cents risk... try break if you are fine with that

[11:42] {Threei}  but honestly...

[11:42] {Threei}  it feels like a trap

[11:43] {dino}  caught in a trap, can't get out

[11:43] {dptl} ok ty ....i'll leave it :)

[11:43] {jfjf64} bg trap

[11:43] {dino} ofix stopped -.22

[11:43] {Threei}  how about that?

[11:43] {Threei}  hit the wall with its forehead

[11:43] {dptl} yep

[11:43] {dino} evil baby

[11:44] {dino} oppsd elvis

[11:44] {Threei}  fell and can't get up

[11:44] {Threei}  stopes are flushed out, will bounce soon

[11:45] {Threei}  can't find exact entry for now

[11:45] {Threei}  either it just jumps back up with no indications anmd we miss it

[11:45] {Threei}  or it forms a little range for us

[11:46] {ese} L aapl .38

[11:46] {Threei}  ok... .76 long if holding above .70

[11:46] {Threei}  for scalpers olnly

[11:47] {magoo} wow DNDN clubbed

[11:47] {pita} RIMM?

[11:47] {dino} do not do not=dndn

[11:48] {dptl} in cat .76

[11:48] {Threei}  don't know pita, no read on RIMM here

[11:49] {pita} missed the thread - .76 long what?

[11:49] {nemo} stopped cat

[11:49] {Threei}  stopped anyway

[11:49] {pita} k

[11:49] {Threei}  so you are fortunate to have missed it

[11:49] {dptl} stopped

[11:49] {pita} :)

[11:49] {Threei}  DNDN is a widowmaker

[11:50] {Threei}  good thing we got our plays early on it

[11:50] {dptl} -.08

[11:50] {dino} ctrp

[11:53] {ese} out aapl .66 + .28

[11:54] {Threei}  eeck

[11:54] {nemo} grrrrrr cat

[11:54] {Threei}  shakeout

[11:54] {dptl} yep

[11:59] {Threei}  CME

[11:59] {Threei}  SUSPENDS ENERGY AND METALS TRADING ON GLOBEX DUE TO TECHNICAL ISSUES, NYMEX FLOOR ACTIVITY IS NORMAL - CNBC

[12:01] {ese} vad would you say that that big volume spike in the qqqq is a botom or reversal

[12:01] {Threei}  neither

[12:01] {Threei}  it doesn't have much significance

[12:02] {ese} pour quo?

[12:02] {Threei}  could be anything really

[12:02] {ese} ok was thinking about going long rimm

[12:03] {Threei}  nah

[12:03] {ese} but won't

[12:05] {Threei}  keep an eye on your FITB ese

[12:05] {Threei}  very sizeable drop for this one

[12:05] {Threei}  when financials bounce, should do well

[12:06] {Threei}  CNN asks:

[12:06] {Threei}  BAC showed good results, why is the market selling?

[12:07] {Threei}  you CNN guys need to attend by next seminar in Freeport, I'll explain how it works

[12:08] {ese} definately vad.......kinda keep one eye on it most days

[12:09] {dino} micc

[12:10] {Threei}  this week 531 companies reporting in 12 economic sectors and in 106 industries

[12:12] {Threei}  IBM IS HIGHLY UNLIKELY TO MAKE NEW JAVA BID - WSJ

[12:13] {magoo} long spy .12 here

[12:13] {magoo} time for a bounce

[12:14] {Threei}  talk about hedging your bets:

[12:14] {Threei}  BRCM

[12:14] {Threei}  HEARING MORGAN STANLEY MAKES MILDLY POSITIVE COMMENTS; MAINTAINS UNDERWEIGHT RATING AHEAD OF EARNINGS REPORT TOMORROW (TIMING UNCERTAIN)

[12:14] {Threei}  - hearing Morgan expects it may raise estimates for BRCM after the earnings release tomorrow.

[12:14] {magoo} roflol

[12:14] {magoo} i want that job

[12:15] {Threei}  if MS was to date BRCM, it would be analog to: You may or may not be cute; tomorrow after you get the result of your audition for that modeling gig I may or may not call you

[12:16] {dino} and the public pays for this

[12:25] {dptl} pep 50 break?

[12:25] {Threei}  chart wise, yes...

[12:26] {Threei}  it just feels to me like market is in a process of bottoming out

[12:26] {dptl} ok ty

[12:28] {dino} idcc sm l .00

[12:29] {wulff} That is a RIMM tight stop

[12:32] {magoo} will be heck of a read if comes true vad

[12:32] {Threei}  on what?

[12:32] {magoo} [12:27] {&Threei}  it just feels to me like market is in a process of bottoming out

[12:32] {Threei}  oh... you assume I can read what I type

[12:32] {Threei}  which a heck of a stretch

[12:32] {nemo} or type what you think

[12:32] {Threei}  or that I think at all

[12:37] {nemo} Hey ese?  You in RIMM, I mean AAPL, no...RIMM?

[12:38] {dino} he can't give that away nemo, :)

[12:39] {Threei}  mostly 'cause he isn't sure?

[12:40] {magoo} out spy stopped 

[12:41] {dino} i'm going to have to flip the coin

[12:43] {ese} hey nemo.....stepped away fo a minute.....whatssaa hapinnin

[12:43] {dino} tails it is, we go up

[12:43] {Threei}  I agree

[12:43] {Threei}  wulff, you in RIMM?

[12:44] {dino} it's a contrary coin

[12:45] {dino} micc is taunting me

[12:46] {nemo} I'm trading from a remote site today ese..bandwith challenged

[12:48] {magoo} ok mkts its REALLY time now 

[12:48] {nemo} Anybody in RIMM?

[12:49] {wulff} yes

[12:49] {magoo} i took aapl

[12:49] {magoo} .40

[12:49] {wulff} half lot

[12:49] {Threei}  looks good for move over 66 this time

[12:49] {dino} 12:50 has ben the time

[12:49] {dino} been

[12:50] {Threei}  here comes the shake, and this should be the last one before ramp up

[12:52] {larisa} you noticed i am not betting against you just for the sake of it ? :)

[12:53] {Threei}  I did bu tI attributed it to you being relxed after the weekend

[12:53] {Threei}  by tomorrow you should be back in shape

[12:53] {dino} is larisa making snowballs again?

[12:53] {larisa} no it is raining like crazy :)

[12:54] {dino} same here

[12:54] {Threei} Long Setup:  DRYS  .30 break if stays above .20

[12:56] {magoo} in

[12:56] {Threei}  did it break?

[12:57] {magoo} yup

[12:57] {Threei}  lol

[12:57] {Threei}  you are so impatient

[12:57] {dptl} in

[12:57] {magoo} well..i waited to answer u lol

[12:57] {Threei}  true... sorry

[12:58] {nemo} did I miss any calls

[12:58] {magoo} rimm aapl drys

[12:58] {wulff} your mom called

[12:58] {Threei}  lol

[12:58] {Threei}  you guys are brutal today

[12:58] {nemo} my mom's dead

[12:59] {dino} that contrary nickle is pretty good

[12:59] {wulff} keep forgetting that.,.,,apologies

[12:59] {Threei}  sure is

[12:59] {ese} anymore word on the banking sector vad

[12:59] {nemo} contrary to ese's comment last week, she never wore boots

[13:00] {Threei}  no ese... except general perception that it stinks

[13:00] {ese} hmmmmmmmm  maybe will wait a bit before I wade into fitb

[13:03] {ese} well as long as faz is heading up...it would not be a smart idea to enter fitb

[13:03] {Threei}  right

[13:08] {dino} hmmmm hewad fake

[13:08] {dino} head

[13:08] {nemo} "hewad"  is that arabic or farsi?

[13:09] {magoo} out

[13:09] {dptl} stopped

[13:10] {dptl} drys

[13:10] {jfjf64} stopped  drys

[13:10] {pita} later guys - happy hunting

[13:10] {Threei}  take care pita

[13:10] {dino} wynn stopped

[13:12] {magoo} i hate drys

[13:12] {magoo} boring stock..then kills ya

[13:17] {ese} outta here for day all....see you tomorow.

[13:17] {dino} vivo stop to b/e

[13:27] {magoo} BAC clubbed CLUBBED

[13:28] {nemo} red headed stepchild

[13:29] {dino} imagine if missed

[13:30] {dino} cpf-3.50

[13:30] {dino} cof

[13:30] {dino} ebix?

[13:33] {Threei}  can't shake out feeling this whole selloff today is nothing but shakeout

[13:33] {Threei}  FAS strong bounce

[13:34] {Threei}  FITB time probably

[13:38] {vinod} you guy must making a lot today--i missed

[13:39] {Threei}  hit and miss actua;;y

[13:39] {Threei}  a few nice ones, a few stops

[13:44] {magoo} bac pushed up

[13:51] {dino} ebix sm l .40

[13:51] {dino} did not expect that

[13:53] {nemo} What Dino?

[13:54] {vinod} earning season is alwyas tough

[13:56] {wulff} Bank selloff seems way overdone to me...but I am only me

[13:57] {nemo} middle name Sybil wulff?

[13:57] {wulff} as in head spin

[13:58] {nemo} nahhh. that was Linda Blair.  Sally Field's

[13:59] {wulff} not familiar

[13:59] {nemo} I'm feeling old

[14:00] {dino} ton fill ebix nemo, was waiting hours for that

[14:01] {nemo} oh

[14:01] {dino} to, my typing sucks

[14:01] {nemo} No problem, I'm getting better at reading Vaddish

[14:05] {Threei}  CNN just said that Barney Frank is a major player in govt responce to financial crisis

[14:05] {Threei}  I thought he was one is originating the crisis

[14:05] {Threei}  is = in

[14:08] {dino} he is

[14:08] {dino} but the dems won, so rewrite the books

[14:08] {vinod} Barney Frank is nemo's favority politician?

[14:08] {Threei}  hey, then he must be the right person to respond to crisis

[14:08] {nemo} wow

[14:08] {Threei}  right?

[14:09] {vinod} both are from mass

[14:09] {nemo} saying he's my favorite politician is like trying to choose between poison ivy, oak, or sumac

[14:09] {Threei}  I built this thing, I know how to destruct it

[14:09] {nemo} destruct=destroy

[14:09] {larisa} makes sense to me :)

[14:09] {Threei}  scary, isn't it, Larisa?

[14:10] {nemo} what, that she makes sense to you?

[14:10] {larisa} lol

[14:10] {Threei}  anyone to whom I make sense must be scared

[14:10] {nemo} yeah, makes suicide a viable option

[14:13] {dino} conversations really tanget off here lately

[14:14] {Threei} Long Setup:  FAS  .32 if stays above .25

[14:20] {Threei}  US REP FRANK: SUPPORTING MAKING BANK STRESS TESTS PUBLIC; SUGGESTS RELEASE OF INDIVIDUAL RESULTS, NOT RELEASE AS A GROUP

[14:20] {Threei}  - Does not believe Congress would be willing to offer more TARP funds

[14:20] {Threei}  - Not worried about runs on weaker banks

[14:30] {Threei} Long Setup:  FAS  .27 if stays above .20

[14:33] {magoo} .

[14:33] {nemo} @

[14:34] {Threei}  any meaning to that, or just more work for janitor after hours?

[14:34] {nemo} it's inocuous enough for the janitor to ignore

[14:34] {nemo} eh...custodial engineer

[14:36] {Threei}  invalidating second setup

[14:36] {larisa} this market is not funny joke

[14:36] {nemo} RIMM DBI on 5 minute

[14:37] {Threei}  it's just taking a rest after 40 days rally

[14:37] {nemo} tomato tomato

[14:37] {nemo} tomato tomahto

[14:38] {Threei}  janitor's getting iriitatedc

[14:38] {larisa} lol 

[14:38] {nemo} irradiated

[14:39] {nemo} ? would that have been a sufficient DBI setup on 1 minute chart of RIMM between...oh...2:05 and 2:25?

[14:40] {Threei}  pretty much, yeah

[14:40] {nemo} ty

[14:41] {dino} bounces hitting

[14:42] {Threei}  FITB didn't make new low this time with FAS

[14:42] {Threei}  .70 break worth a try with stop under .60

[14:42] {Threei}  slow one

[14:42] {Threei}  could take a while

[14:43] {dino} out axys .50, +.35

[14:43] {nemo} in

[14:44] {dino} ebix stop to .98

[14:44] {nemo} am I the only one in FITB?

[14:44] {Threei}  frikin FAS finally staged comeback but with no setup

[14:45] {dino} vivo stop to .90

[14:46] {magoo} f'$#$&^%#@ market today

[14:47] {dino} vivo to .95\

[14:48] {dino} ebix top .00

[14:48] {dino} to

[14:50] {dino} out vivo .00, +.45

[14:52] {dino} out ebiux .01, +.61

[14:52] {dino} bunch of all dayers but worked

[14:53] {Threei}  nice dino

[14:53] {larisa} gj, dino likes thin stocks :) thin girls too ? :)

[14:53] {dino} indeed, ;-)

[14:54] {larisa} dunno whats with men and models :) vad was dreaming about model earlier

[14:54] {dino} i was dreaming of you

[14:55] {larisa} nightmare 

[14:55] {dino} lol]\

[14:55] {Threei}  I was?

[14:55] {dino} lol

[14:55] {nemo} more work for the custodial engineer

[14:56] {larisa} sure vad, not for yourself, for RIMM i think :)

[14:56] {Threei}  ah... that's me, sharing generously

[14:57] {Threei}  major difficulty with this market setback is to determine whether it's a one day deal ad most of previous red days, or it's a prolonger pullback

[14:58] {Threei}  ad = as

[14:58] {larisa} would not we have bounces if it was healthy pullback ?

[14:59] {larisa} looks so ugly and strange

[14:59] {Threei}  didn't we?

[15:00] {Threei}  FAS 13:30

[15:00] {Threei}  11:15

[15:01] {Threei}  SCON, mama mia

[15:01] {nemo} You know it's serious when he starts speaking itlian

[15:01] {nemo} italian

[15:02] {dino} tbsi gap fillwed.

[15:03] {dino} rimm trying

[15:03] {dino} appl 117.50s

[15:06] {dino} i mean rimm trying to fill gap

[15:06] {dino} from wed

[15:11] {Threei}  rofl

[15:11] {Threei}  spam mail from bride-to-be astarts with:

[15:11] {Threei}  Hello my the surprised friend!

[15:12] {nemo} should we change the stop on  FITB?

[15:13] {Threei}  no

[15:13] {Threei}  My name ... and I wish to take away from you at all a lot of time and to penetrate in my letter!

[15:13] {Threei}  I'

[15:13] {Threei}  ll be back in a week

[15:13] {Threei}  I need to put sticthes

[15:16] {dino} vad, your wife is going to kill you when she finds out you're engaged

[15:18] {Threei}  engaged? I am merely the surprized friend

[15:20] {dino} don't lie to us vad

[15:20] {vinod} it call having a lust?

[15:21] {vinod} Jimmy Carter

[15:24] {Threei}  SCON, I am crying

[15:24] {Threei}  fas

[15:25] {Threei}  Prez is about to make a statement at CIA

[15:25] {Threei}  FAS is losing support again

[15:26] {nemo} doesn't that make fitb suspect?

[15:26] {Threei}  it puts FITB to test

[15:26] {Threei}  if it can hold .60, great

[15:26] {Threei}  relative strength will make it even better candidate

[15:26] {dino} titn to b/e

[15:27] {Threei}  so far, FAS makes new lows, FITB doesn't

[15:27] {nemo} Any impact regarding the time of day in a market pull back day?

[15:28] {Threei}  shrug

[15:28] {Threei}  you are overthinking it

[15:28] {Threei}  it's a valid play

[15:28] {Threei}  let it work out

[15:28] {Threei}  it will work or it will not

[15:29] {Threei}  Prez on TV

[15:29] {nemo} so, what happens if he says the CIA owns a big bank?

[15:30] {Threei}  ok mags... do we get big FAS bounce on last 30 min or this thing is hopeless today?

[15:31] {Threei}  CEO LEWIS: ONCE AGAIN REITERATES THAT BOA DOES NOT NEED MORE CAPITAL; SHARE CONVERSION IS UP TO REGULATORS, OUT OF HIS HANDS - CNBC

[15:31] {Threei}  - reiterates would like to repay TARP funds starting this year, but that the timing is in the hands of regulators.

[15:31] {Threei}  - Have ruled out selling credit card business, but expects to see some changes in card lending.

[15:32] {Threei}  what the deuce?

[15:33] {Threei}  FITB almost 1:1

[15:36] {dino} stewie

[15:38] {Threei}  FAS must be setting up for another bounce

[15:39] {Threei}  crossback of 7 if holding above .95

[15:39] {Threei}  not holding

[15:40] {nemo} FITB doing o.k. though

[15:40] {Threei}  very much so

[15:41] {nemo} overnite it, or line up for morning?

[15:41] {Threei}  depends on your risk tolerance

[15:41] {Threei}  I'll take it

[15:42] {Threei}  but to recommend overnights in this environemt...

[15:42] {Threei}  tough thing to do

[15:42] {jfjf64} fas??

[15:42] {nemo} they report Thursday

[15:42] {Threei}  jf?

[15:42] {nemo} FITB that is

[15:42] {jfjf64} k

[15:45] {Threei}  feels like one more bounce

[15:45] {Threei}  in FAS

[15:45] {Threei}  7 break if holding 6.90

[15:47] {Threei}  come on FAS, you can't be that spineless

[15:49] {Threei}  (GE) GERMAN CHANCELLOR MERKEL: ECONOMIC CRISIS MAY BE APPROACHING BOTTOM - FT

[15:50] {nemo} stoppe fas

[15:50] {Threei}  FAS says it can

[15:51] {Threei}  FITB's holding

[15:53] {Threei}  ARGUS CUTS JAVA TO SELL FROM HOLD (TIMING UNCERTAIN)

[15:53] {Threei}  huh?

[15:54] {Threei}  Argus needs real time news supply

[15:54] {Threei}  or any news supply for that matter

[15:55] {dino} roflol, that was a good one

[15:55] {nemo} RIMM ha a nice comeback

[15:55] {dino} dino says target 9.50 unless deal falls through

[15:56] {Threei}  or unless IBM comes back with higher bid

[15:56] {dino} ok, i guess i'm not at analyst level yet

[15:57] {dino} titn out .10, +.02

[15:57] {Threei}  why, it's a team woerk

[15:57] {Threei}  so far, today is contained within reasonable pullback

[15:57] {Threei}  which means we still don't know

[15:57] {Threei}  FAS selloff is not a reasonable pullback, this is exxcessive

[15:57] {jfjf64} spinless

[15:58] {jfjf64} fas

[15:58] {dino} out idcc .99, -.01

[15:59] {jfjf64} later all

[15:59] {Threei}  this is sheesr panic

[15:59] {Threei}  I am taking some FAS overnight

[15:59] {Threei}  not suggesting you do the same

[15:59] {dino} well, when yobama talks about nationalizing tarp banks, you get this

[16:00] {larisa} long ?

[16:00] {Threei}  yes

[16:00] {Threei}  not really happy with today

[16:00] {dptl} have a good evening all

[16:00] {Threei}  there qwere a few nice plays but stops, even though well controlled, were a few too many

[16:00] {larisa} bye all

[16:00] {Threei}  oh well

[16:00] {Threei}  thank you all, see you tomorrow

[16:01] {nemo} gnite