Monday, May 18, 2009

May 18 2009

Quite a backwards day. Not much worked; two nicely-sized wins on CAT and PALM and a scalp on FAS (on which we really underestimated the strength of the move) were not enough to cover a few stops, so we ended day slightly negative.


Session Time: Mon May 18 00:00:00 2009

[08:16] {pita} gm all
[08:16] {Threei} morning pita
[08:16] {nemo} pita :)
[08:17] {vinod} good morning to all
[08:17] {pita} so... there are earlybirds indeed
[08:17] {Threei} vinod :)
[08:17] {nemo} early bird gets the worm...nighthawk gets the early bird
[08:18] {Threei} yes pita but then, if early bird gets a worm, night hawk gets the early bird
[08:18] {nemo} Oh jeez...here we go
[08:18] {pita} maybe I should have slept in
[08:18] {Threei} nah, just pretend you are a night hawk
[08:19] {vinod} got make 2k this week. let see if i can do it?
[08:20] {pita} lets do it today and the rest of week will be bonus
[08:20] {vinod} all the bonus shoul got to boss?
[08:21] {nemo} Rend to Caesar
[08:21] {pita} nah, you trade it you earn it
[08:21] {vinod} and deficit will come from the boss
[08:21] {pita} I like that part
[08:22] {vinod} will be backafter 9.30
[08:46] {_king} good morning
[08:46] {Threei} morning king
[08:52] {Threei} sheesh... look at IFN
[08:52] {jfjf64} mornin all
[08:52] {Threei} jf :)
[08:53] {Threei} I assume it's a reaction on election results
[08:54] {Threei} two indian stock by memoery, SIFY and REDF
[08:54] {Threei} bothare gapping too
[08:54] {nemo} what about infosys?
[08:54] {Threei} symbol?
[08:55] {nemo} infy
[08:56] {Threei} 05/18/09 05:34am
[08:56] {Threei} [INFY] Infosys Technology Ltd CFO: Continues to target acquisitions in the $200-300M range
[08:56] {Threei} - Market remains volatile, expects outsourcing activity to recovery in 2010
[09:04] {lamant} hello,morning
[09:05] {Threei} lamant :)
[09:05] {lamant} :)
[09:07] {dptl} good morning all
[09:07] {Threei} dp :)
[09:09] {ese} good mornign
[09:09] {fernp} Good morning everybody
[09:09] {ese} fern
[09:09] {Threei} ese, fern :)
[09:09] {ese} hey vad
[09:10] {ese} beautiful weather here in la la land vad
[09:11] {Threei} \no kidding
[09:11] {ese} been down to your crabin dock.....even just to enjoy the sun
[09:12] {Threei} going to this week
[09:15] {Threei} BAC
[09:15] {Threei} FITCH DOWNGRADES CERTAIN BOFA RATINGS ON CAPITAL PLAN CONCERNS
[09:20] {chinggis} gm all
[09:21] {nemo} mornin"
[09:21] {ese} cha ching
[09:21] {Threei} chinggis :)
[09:21] {ese} neeeeeemoooooooo!!!!!
[09:21] {dino} gm all
[09:21] {dino} infy?
[09:21] {Threei} dino :)
[09:21] {ese} diiiiiinoooooooo!
[09:21] {nemo} ese dino nemo...oh that's me
[09:21] {Threei} [08:56] {Threei} 05/18/09 05:34am
[09:21] {Threei} [08:56] {Threei} [INFY] Infosys Technology Ltd CFO: Continues to target acquisitions in the $200-300M range
[09:21] {Threei} [08:56] {Threei} - Market remains volatile, expects outsourcing activity to recovery in 2010
[09:22] {nemo} India has popped because of the elections Dino
[09:22] {dino} and that moves it up 4.50+?
[09:22] {dino} \hmmm
[09:22] {Threei} no, mostly India elections
[09:22] {nemo} look at any india stock
[09:22] {dino} is infy india stock?
[09:22] {nemo} pretty much
[09:22] {dino} ok ty
[09:24] {nemo} that probably led to the oil pop too
[09:25] {ese} plus one less war in this world to think about in Sri Lanka
[09:25] {nemo} Don't worry Pakistan is about to blow up
[09:25] {Threei} what's with WFC?
[09:25] {ese} hmmmm up a bill and a bit
[09:26] {Threei} no news that I see to propel it like this 5 min ago
[09:26] {pita} Buffet increased stake
[09:26] {Threei} that's last week news
[09:26] {nemo} Financials were down for a couple days maybe a little snap back.. THen again aren't all the bank analysts at the banks raising their ratings on the other banks?
[09:27] {Threei} this spike is WFC specific
[09:27] {nemo} BAC is up .83, which is a higher % than wfc
[09:27] {Threei} look at the charts
[09:27] {pita} finnies are generally up, fas spiking same time
[09:27] {Threei} see WFC spuike while BAC stayed where it was?
[09:28] {nemo} catch up?
[09:30] {ese} L drys
[09:31] {magoo} etojjktahdjajafd;fd
[09:32] {Threei} I agree
[09:32] {nemo} supercalifragilistiexpealodicious
[09:32] {nemo} spelled it wrong :(
[09:33] {magoo} news AAPL?
[09:33] {magoo} morning..late
[09:33] {Threei} no
[09:33] {magoo} bounccer vad ?
[09:34] {Threei} Long Setup: FITB 7.50 break if holding above .40
[09:36] {Threei} invalidated, bounce candidate with FAS
[09:36] {Threei} SIFY...
[09:39] {vinod} any interest in IBN
[09:40] {Threei} way too volatile
[09:40] {ese} l drys...avg position .23
[09:41] {Threei} Short Setup: WFC on bounce above .90, half lot
[09:42] {ese} next.... am gonna sit on that position for a bit
[09:42] {Threei} barely touched .91... anyone managed to get?
[09:42] {vinod} did not get it
[09:42] {fernp} not here
[09:42] {jfjf64} n
[09:43] {nemo} nyet
[09:43] {dino} mygn sm l .50
[09:43] {Threei} OK... I wanted it a bit closer to 26
[09:43] {jfjf64} still valid
[09:44] {jfjf64} ?
[09:44] {Threei} keep oreder ready
[09:44] {Threei} I'll try to comment on the fly
[09:47] {dino} ens sm l .90
[09:47] {Threei} doesn't give clean entry
[09:48] {fernp} MS breakout Vad?
[09:49] {Threei} doesn't excite me honestly
[09:50] {jfjf64} weird open?
[09:50] {ese} l fitb .44
[09:51] {dino} aipc drop
[09:51] {Threei} Long Setup: FAS .40 break
[09:52] {Threei} if stays above .30
[09:52] {Threei} no intention to short WFC anymore for now
[09:52] {ese} out fitb partly .50
[09:53] {ese} rest .49 +.055
[09:54] {ese} standard way i've been playing it
[09:54] {ese} would go long again but your right odd market this morning
[09:55] {ese} no real move in the qqqq one way or the other
[09:58] {Threei} SYNA, pullback into 31.50 woyld be entry zone
[09:58] {Threei} half lot, volatile one
[09:59] {ese} there fitb
[10:00] {ese} break of .50 but not really shooting up there
[10:02] {Threei} WFC was worth it after all
[10:02] {chinggis} NVDA?
[10:02] {dino} qsii
[10:03] {Threei} NVDA is not really a player without strong market move
[10:03] {nemo} looks like a short chinggis
[10:03] {chinggis} ok ty
[10:04] {Threei} this is one of those that can torture you for hours within a very narrow range unless market is really moving
[10:04] {nemo} sounds like marriage
[10:04] {jfjf64} nice nemo
[10:04] {magoo} with no benefits lol
[10:05] {magoo} FITB went
[10:05] {magoo} took .43 out .63
[10:05] {ese} yup
[10:05] {ese} against the market
[10:05] {magoo} took with ese
[10:05] {ese} you still in
[10:05] {magoo} just held it longer
[10:05] {Threei} good job
[10:05] {Threei} let it pull back now
[10:05] {magoo} out .63 @K
[10:05] {magoo} 2k
[10:05] {ese} nice mags
[10:05] {Threei} closer to .50
[10:06] {ese} i buy too many shares of it to stay around too long
[10:07] {Threei} SQNM, what a dog
[10:07] {Threei} WFC again
[10:07] {Threei} .90 break short
[10:07] {Threei} half lot
[10:08] {ese} at some point that one will be a long play vad......reasonable company have the crap kicked out of it
[10:08] {dptl} in wfc
[10:08] {nemo} in
[10:09] {fernp} not available here
[10:09] {nemo} stop 26?
[10:09] {Threei} just above
[10:09] {magoo} FAS trying boss
[10:09] {magoo} FITB hands out scalpers regrett to magoo :(
[10:10] {jfjf64} stoped wfc
[10:11] {ese} fitb 2 day high
[10:11] {dptl} stopped wfc
[10:11] {nemo} stopped
[10:16] {ese} qqq covered gap maybe up from here
[10:16] {Threei} Long Setup: CAT .70 break if stays above .60
[10:16] {dptl} in
[10:17] {nemo} in
[10:18] {Threei} if works, plan is: half out near .80 for a day trade, out in full for scalpers
[10:20] {ese} thinking long WFC vad at .01....opinions
[10:20] {magoo} in CAT
[10:20] {ese} missed it anyway
[10:20] {Threei} hard to ytell ese... looks right to me but WFC fooled me today already
[10:21] {ese} hmmmm
[10:21] {Threei} half out CAT
[10:21] {nemo} out cat
[10:21] {magoo} really?..thought we'd let her move
[10:21] {Threei} [10:18] {Threei} if works, plan is: half out near .80 for a day trade, out in full for scalpers
[10:22] {magoo} missed that ..oops
[10:22] {Threei} sigh
[10:22] {Threei} dino, send him to get coffee please
[10:24] {Threei} trailing stop to .65 for the balance
[10:24] {wulff} you like .80 break for new entry CAT?
[10:24] {Threei} yes if never loses .70
[10:25] {dino} gremilns, having computerr issues
[10:25] {nemo} Ha! that's what we used to call it in systems work when we couldn't figure it out
[10:25] {Threei} those are not gremlins... that's magoo pouring orange juice on your keyboard when you are not looking
[10:26] {magoo} excuse me..it was orange soda
[10:26] {Threei} or that
[10:26] {dino} why do i need spyware protect 2009, when i have norton?
[10:27] {Threei} Long Setup: HIG .62 break half lot
[10:27] {Threei} if stays above .50
[10:28] {magoo} in
[10:28] {dptl} in
[10:28] {dino} they have blocked me from all websites but theirs'mygn to .39 stuck
[10:29] {Threei} did it ever break .62?
[10:29] {nemo} no
[10:29] {fernp} no
[10:29] {Threei} or you are all aggressive?
[10:29] {magoo} agg here
[10:29] {dptl} it was like 100 sh left
[10:30] {ese} anyone go long fas
[10:30] {Threei} everyone is withg reserve on these stocks
[10:30] {ese} thinkin about pull back here to .50
[10:30] {magoo} cat crazy..was .78..dropped to .66 ..then .80
[10:30] {nemo} in
[10:30] {Threei} finally CAT
[10:31] {magoo} u see it drop first or too busy scolding us lol
[10:31] {Threei} not sure what your point is
[10:32] {Threei} as long as it didn't stop me out, who cares
[10:32] {magoo} no popint..was a crazy move is all..something to see
[10:33] {jfjf64} stoped hig
[10:33] {nemo} stopped hig
[10:33] {dino} ens to .87
[10:33] {dptl} stopped hig
[10:33] {fernp} stopped
[10:33] {magoo} yeah..kills me ..01 cent off vads entry and kill u
[10:34] {dptl} Vad ,you still in cat?
[10:34] {Threei} offered 1/4 .90, didn't get fill
[10:35] {nemo} FITB short?
[10:35] {dptl} but if you sold half at 1:1 should you been out second at b/e?
[10:36] {Threei} gosh... anyone is reading my coments today?
[10:36] {nemo} yeah, I scalped cat and stopped out on hig and wfc
[10:36] {Threei} [10:24] {Alert} Threei trailing stop to .65 for the balance
[10:37] {Threei} CAT 1:2, 1/4 more out
[10:37] {nemo} I still haven't got my prizes from last week, Vad
[10:37] {dptl} oh sorry missed that comment gocha
[10:37] {Threei} if there is any deviation from routine I post it
[10:38] {Threei} stop to under .75 for the balance
[10:38] {dptl} was all out btw on cat ty
[10:42] {magoo} out CAT here .97 TY vad
[10:42] {magoo} DL
[10:42] {Threei} welcome
[10:43] {Threei} out in full +.30
[10:43] {magoo} scalpers regrett will be dished out i fear
[10:47] {magoo} i wanna let my winners win..but i keep scalpin SIGH
[10:48] {magoo} now vads ignoring me.....
[10:48] {Threei} now?
[10:49] {magoo} well..i just took u off block..so it seems like now to me
[10:49] {Threei} maybe I need to reciprocate...
[10:49] {Threei} Long Setup: PALM .85 break
[10:50] {Threei} stop for scalpers under .80, for day traders under .70
[10:50] {nemo} partial in
[10:50] {nemo} partially more
[10:51] {Threei} hit 1:1 for scalpers
[10:52] {nemo} didn't see that
[10:52] {Threei} ??
[10:52] {Threei} spiked to .95, took half of my shares at .92
[10:53] {Threei} are we in the same universe}?
[10:53] {magoo} i was .97 no fill
[10:53] {Threei} no because it toped out at .95
[10:53] {magoo} yup
[10:53] {Threei} kind of hard to get fill at .97
[10:53] {magoo} man..why u on my case? LOL
[10:53] {Threei} ummm
[10:54] {Threei} let me think
[10:54] {Threei} 'cause you are here?
[10:54] {Threei} actually no
[10:54] {Threei} I am on yor case when you are not here just the same
[10:54] {magoo} i miss 3 trades..take two aggressive..ask many dumb questions..dont reply to your questions..and u give me sh#t
[10:55] {Threei} really... why would I {G}
[10:55] {dptl} lol..it's just one of those monday Vad ,hard to wake up :)
[10:55] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[10:56] {nemo} poor polar bear
[10:56] {dptl} ye there...ekzaktly
[10:56] {Threei} that was very rude of HIG
[10:57] {nemo} kick palm vad
[10:57] {Threei} sure thing
[10:58] {Threei} stop to .75 for daytraders
[10:59] {Threei} for those who still soundly asleep: this is a slight deviation from routing since 1:1 for daytraders is not reached yet; so I post stop trailing
[10:59] {Threei} from routine
[11:00] {magoo} HUH?
[11:00] {magoo} which one {lol}
[11:00] {chinggis} Vad any read on DRYS?
[11:01] {Threei} feels up to me
[11:01] {chinggis} u mean no good?
[11:01] {Threei} OK... it's official now
[11:01] {Threei} everyone is asleep today, lol
[11:01] {Threei} up means moving up
[11:02] {Threei} you know... price increase
[11:02] {Threei} as opposite to down which means price decrease
[11:02] {chinggis} sorry... ty
[11:02] {Threei} hehe
[11:02] {nemo} threeish is tough
[11:03] {Threei} ideally, if it moves couple times betwen .05 and .10, then breaks with msrket help
[11:03] {Threei} that would be perfect setup
[11:03] {chinggis} ok ty
[11:06] {nemo} stopped palm
[11:09] {Threei} I am lost
[11:09] {nemo} why
[11:09] {Threei} by this stop you went for a scalp
[11:09] {Threei} if so, you had your 1:1
[11:09] {nemo} right
[11:09] {nemo} missed it
[11:09] {nemo} that's all
[11:10] {Threei} it's been there twice
[11:10] {nemo} first long one I missed. Had orders sitting @ .92 that did not get filled
[11:10] {nemo} had I gone for .91, would have got it
[11:11] {magoo} um..would have got .905 he he...BUT not .97 where i was
[11:11] {magoo} .95
[11:12] {Threei} DRYS is holding decently
[11:12] {Threei} needs market help
[11:12] {Threei} if gets it, should do well
[11:13] {chinggis} ok
[11:13] {jfjf64} what ya lk for entry
[11:13] {Threei} .10 break
[11:13] {jfjf64} ty
[11:14] {Threei} CNBC'S GASPARINO SAYS MORGAN STANLEY IS SEEKING PRELIMINARY APPROVAL TO LEAVE TARP
[11:14] {Threei} - follows his report on last Friday that GS and JPM to be among first banks to be allowed to repay TARP and govt permission could come as early as this week
[11:14] {jfjf64} stop at .05
[11:14] {nemo} that should propel the financials
[11:15] {Threei} if holding above that, yes jf... and not "at" but "under"
[11:15] {jfjf64} ty
[11:19] {chinggis} If DRYS hits 7.04 , is short point
[11:19] {chinggis} ?
[11:19] {chinggis} is it short point?
[11:19] {Threei} judgment call... I wouldn't
[11:19] {chinggis} ok ty
[11:24] {Threei} MNKD
[11:24] {Threei} FDA ACCEPTS SUBMISSION AND FILES NDA FOR AFRESA
[11:24] {Threei} - U.S. Food and Drug Administration (FDA) has accepted and filed MannKinds New Drug Application (NDA) for AFRESA, an ultra rapid-acting insulin. MannKind is seeking FDA approval of AFRESA for the treatment of adults with type 1 or type 2 diabetes mellitus for the control of hyperglycemia. {NVO}
[11:36] {fernp} .
[11:37] {jfjf64} anybody up for littlle 5 card lol
[11:50] {Threei} US HOUSE TO ADOPT SENATE BILL WITHOUT BANKRUPTCY REFORM
[11:50] {nemo} of course, screw the consumer
[11:51] {Threei} OGXI lost its mind
[11:51] {Threei} FDIC TO MODIFY ASSESSEMENT CHARGED ON BANKS TO BE FOCUSED ON TOTAL ASSETS; AS OPPOSED TO DEPOSITS
[11:51] {nemo} whoa
[11:52] {nemo} that'll increase costs
[11:56] {Threei} if PALM ever works it's going to be officially to longest play of the day
[12:01] {Threei} Short Setup: HIG .80 break
[12:02] {Threei} if stays below .90
[12:07] {nemo} still valid?
[12:09] {Threei} yeah
[12:10] {dptl} in
[12:11] {nemo} won't take my order
[12:11] {Threei} huh?
[12:12] {nemo} frickin' Mondays
[12:15] {Threei} I don't even know what that means... what, you got message "take your order back, we don't want it"?
[12:16] {nemo} sorry had sell on didn't get fill @ .78
[12:16] {Threei} so... second chance
[12:16] {Threei} first weakness from here
[12:17] {nemo} in .81
[12:21] {Threei} die already HIG
[12:21] {nemo} palm won't live, Hig won't die
[12:21] {Threei} typical monday...
[12:22] {nemo} does tht make next Tuesday Monday?
[12:23] {Threei} sureely FAS and HIG don't mean to break out this time of the day?
[12:23] {nemo} looks that way
[12:24] {magoo} AAPl move on volume
[12:24] {Threei} AAPL PIPER JAFFRAY MAKE POSITIVE COMMENTS (TIMING UNCERTAIN)
[12:25] {Threei} what the deuce
[12:25] {jfjf64} stoped
[12:25] {nemo} stopped
[12:25] {dptl} stopped
[12:25] {Threei} FAS new high
[12:25] {fernp} stopped
[12:29] {Threei} TREASURY SPOKESPERSON: GM/UAW TALKS COVER "ALL ASPECTS" OF GM'S PLAN, INCLUDING PRODUCTION
[12:30] {dino} finally back
[12:37] {ese} ese is not away
[12:38] {ese} ese has been patiently watching FITB
[12:38] {nemo} ese talks about himself in the 3rd person
[12:38] {Threei} want to try 7.90 break?
[12:38] {nemo} scalpers 1:1 on palm
[12:39] {ese} maybe
[12:40] {ese} q's look like there going that way
[12:40] {nemo} fas climbing fitb not
[12:40] {ese} does everyone see those mesages.....ese is away....or does that just appear on my screen
[12:40] {chinggis} Vad any read on ZION? 10 min looks attractive
[12:41] {Threei} bothers me that it didn't really follow FAS on this last move
[12:41] {chinggis} ok ty
[12:42] {ese} yes noticed that
[12:44] {dino} i see them
[12:44] {nemo} what, Gremlins?
[12:44] {ese} zion a litle more than FITB though vad
[12:44] {Threei} PALM nears to 1:1 for daytraders
[12:44] {dino} that and dead people
[12:45] {magoo} .
[12:45] {jfjf64} cat
[12:45] {dino} amed
[12:49] {ese} L Fitb..01
[12:50] {Threei} PALM finally
[12:50] {ese} as soon as i go long the q's move against me...daaaaaaa^%$
[12:51] {Threei} out 1/4 more
[12:53] {Threei} stop for the last portion to under .90, no lose territory
[12:53] {Threei} that's one patience-trying trade
[12:55] {nemo} ever go long amed, Dino?
[12:57] {dino} not yet was thinking .00 trig
[12:57] {dino} or whoosh down to 30.10s
[12:58] {dino} aipc interesting
[12:59] {nemo} break of .10?
[12:59] {nemo} nevermind
[13:00] {Threei} MAY NAHB HOUSING MARKET INDEX: 16 V 16E
[13:02] {nemo} market selling the housing news?
[13:03] {Threei} (US) TREASURY SEC GEITHNER: BELIEVES TREASURY IS DOING WELL WHEN IT COMES TO "SPEED AND QUALITY" OF ITS POLICY RESPONSE
[13:04] {Threei} anyone else but him believes that?
[13:06] {ese} out FITB .02 -.09
[13:06] {ese} went smaller shares this time good thing
[13:07] {dino} missed aipc, sidetrack day
[13:07] {ese} make tha .82
[13:07] {Threei} what am I trying to squeeze out of PALM this ime of the day?
[13:07] {ese} Vads 6th sense for danger i guess
[13:08] {Threei} something wasn't right about that ese
[13:08] {Threei} then again, whole day today is not right
[13:08] {ese} definately.....
[13:08] {ese} yes would agree
[13:09] {ese} even though i's an up day...weird day
[13:09] {Threei} trailing last portion PALM to under .95
[13:09] {nemo} Feels like a Potemkin rally
[13:09] {ese} whats a potemkin rally?
[13:09] {nemo} like Potemkin village...just facades. Doesn't feel real
[13:10] {ese} hmmmmmm
[13:10] {Threei} it's nemo demonstrating knowledge of russian historyt
[13:10] {nemo} then again, I'd have to have a grip on reality in the first place
[13:10] {ese} ahhhhhh
[13:11] {Threei} Potemkin villages were purportedly fake settlements erected at the direction of Russian minister Grigory Potyomkin to fool Empress Catherine II during her visit to Crimea in 1787.
[13:12] {ese} go figure
[13:15] {ese} empire looks prosperous type of thing....lets tax the people a litle more?
[13:16] {Threei} done with PALM
[13:17] {Threei} can't believe this trade took so long
[13:17] {Threei} not that I was to reject money only because it wasn't instant
[13:17] {dino} amed sm l .00
[13:18] {dino} tricked me
[13:19] {nemo} Monday Dino...Don't worry, turnaround Tuesday (but wait the rally was today) is just around the corner
[13:19] {nemo} :)
[13:19] {dino} lol
[13:20] {dino} too nany distractions today, possible tenant, drain pipe from roof leak, computer issues...
[13:22] {Threei} US PRESIDENT OBAMA TO REPORTEDLY DISCLOSE AN AUTO EMISSIONS STANDARD TOMMOROW
[13:22] {Threei} {GM F F.IT}
[13:22] {Threei} and that will be the last nail in auto industry coffin
[13:25] {dino} his timing i horrible\
[13:25] {Threei} akin to getting patient fresh from chemo to run marathon
[13:26] {magoo} really..how dumb is he?
[13:26] {magoo} lets place costly restrictions..excellent timing
[13:33] {magoo} .
[13:35] {Threei} lol... chnggis, remember we discussed NVDA earlier?
[13:35] {chinggis} yes
[13:35] {Threei} it's right where it was within 3-5 cents still
[13:35] {dino} akam sm l .00
[13:36] {nemo} who dino?
[13:36] {chinggis} yes it is not moving much
[13:36] {Threei} [10:04] {Alert} Threei this is one of those that can torture you for hours within a very narrow range unless market is really moving
[13:36] {chinggis} usb breaking hod
[13:37] {Threei} if we were tortured by PALM, this one would really kill us
[13:37] {dino} akam
[13:37] {dino} opps afam
[13:45] {Threei} Long Setup: FAZ .20 break
[13:45] {Threei} stp .14 for scalpers
[13:46] {Threei} under .10 for day traders
[13:46] {Threei} (US) REPORTEDLY US SENATE IS MULLING CHANGES TO DRUGMAKER REBATES IN MEDICADE
[13:49] {nemo} in
[13:49] {dptl} in vaz
[13:49] {dptl} faz
[13:49] {nemo} whoa dp, drinking already?
[13:50] {Threei} as if he ever stopped
[13:50] {Threei} it's dp we are talking about
[13:50] {dptl} :)
[13:50] {nemo} maybe that was the problem
[13:50] {_king} threei - what time frames are you using?
[13:52] {Threei} on charts?
[13:52] {Threei} 1 min and daily
[13:58] {_king} ya
[13:58] {_king} thanks
[14:04] {ese} king is back....huh??....ELVIS baby!!!!!where ya been?
[14:05] {_king} lol
[14:05] {Threei} lol ese
[14:05] {ese} wrong king?
[14:06] {ese} for a second I thought this was devine intervention......a sign from above.....i'd signed up with the right board......
[14:07] {Threei} dp... this man is way too sober
[14:07] {ese} orrrrrrrr........
[14:07] {ese} way too loaded.......???
[14:07] {dptl} :)
[14:08] {nemo} mickey mouse blotter ese?
[14:08] {ese} yes indeed????
[14:08] {ese} and will be picking up another one june 4th
[14:08] {nemo} like the cactus or fungi myself
[14:09] {ese} make that july 4th....family is heading to disney land....july 4 to july 9
[14:09] {dino} afam stop to .29
[14:10] {ese} nemo ...you dino...mags ....the lot of ya.....can fly out to the west coast lfor a beer? hmmmmm
[14:11] {magoo} in {to invitatiuon and beer}
[14:11] {dino} would love to, but no time
[14:11] {dptl} stopped fas
[14:11] {dptl} faz
[14:12] {ese} if your there mags....lets hook up
[14:13] {dino} out afam .32, +.32
[14:14] {magoo} oh..sorry ese..im married hetero
[14:14] {nemo} make exceptions for sheep magoo?
[14:15] {magoo} ummmm...no
[14:16] {nemo} larisa retired?
[14:18] {dptl} ok thats it for me for today...it's just not working for me today ,have a good evening all see ya tomorrow :)
[14:19] {ese} see ya dp....
[14:19] {Threei} take care dp, sure not our day
[14:19] {ese} you mean for the nemo....larissa tha is
[14:19] {ese} for the day
[14:19] {Threei} two wins are of a nice size, yet don't keep us in black
[14:24] {Threei} .short WFC .20
[14:25] {Threei} stop above .30
[14:25] {magoo} full lot?
[14:25] {Threei} yeah, stop is tight enough
[14:26] {dino} meli
[14:26] {magoo} stop? where?
[14:26] {Threei} let's see:
[14:26] {Threei} [14:25] {Threei} stop above .30
[14:27] {Threei} it means, if it trades at any price starting with .3
[14:27] {Threei} like .31
[14:27] {magoo} oh missed it lol
[14:27] {Threei} .32
[14:27] {Threei} etc
[14:27] {Threei} what is it today, lol
[14:28] {dino} meli sm l .00
[14:28] {magoo} any read on our pet CAT?
[14:29] {Threei} not here
[14:29] {magoo} which room then?
[14:31] {Threei} weverythinbg is backwards today
[14:32] {nemo} stopped all
[14:32] {nemo} done for day
[14:32] {jfjf64} stoped
[14:41] {Threei} what's with INSM?
[14:42] {ese} watching the q's trade....man....talk about erratic
[14:43] {Threei} and narrow
[14:43] {Threei} I don't like today at all
[14:43] {nemo} painful day
[14:43] {Threei} P{ALM new highs
[14:44] {ese} ands as soon as i say that.....boom
[14:44] {ese} they take off
[14:45] {nemo} yeah, forgot all the upgrades financials got today plus that indian market having to be stopped because it went up too much
[14:45] {dino} amed to .42
[14:45] {nemo} volumes still anemic
[14:46] {ese} whats the news...q.s goin crazy
[14:46] {Threei} none
[14:46] {nemo} post lunch run
[14:47] {nemo} we're around the highs for the day yes?
[14:47] {dino} y
[14:49] {Threei} 05/13/09 07:01am
[14:49] {Threei} [INSM] Insmed Incorporated Reports Q1 $0.96 v -$0.04 y/y, R $2.37M v $2.35M y/y
[14:49] {Threei} - As of March 31, 2009, the Company had total cash, cash equivalents and short-term investments on hand of $127.5 million, compared to $2.4 million on hand as of December 31, 2008.
[14:49] {Threei} all I could find
[14:49] {Threei} seems to be under strong accumulation
[14:50] {Threei} NVDA
[14:50] {Threei} MARKET HAS BOTTOMED; SEEING SHORTGAGES IN CERTAIN PRODUCTS
[14:51] {dino} to .58 amed
[14:51] {dino} to .60
[14:51] {dino} aipc .00 trig thinking
[14:52] {dino} out amed reverse, ave. 61 +.61
[14:55] {dino} out meli .40, +.40
[14:57] {dino} qsii
[14:57] {dino} is that an idia company?
[14:57] {dino} india
[14:58] {ese} alright everyone....have to leave you for the day....still L drys...take care see you tomorow
[14:58] {nemo} health care
[14:58] {Threei} take care ese
[14:58] {dino} cya es
[14:59] {ese} see ya
[14:59] {Threei} INSM moving
[14:59] {nemo} by
[14:59] {fernp} bye ese
[15:13] {wulff} ...
[15:13] {nemo} the lycan awakes
[15:18] {Threei} FAS wants to break 10 or what
[15:24] {magoo} is that a call?
[15:25] {Threei} no
[15:25] {nemo} been porn...I mean....web surfing again mags?
[15:25] {Threei} this is the call:
[15:25] {Threei} Long Setup: FAS 10 break if holding above 9.90
[15:25] {magoo} if IF i had..mkts would be green {oops}
[15:26] {nemo} right mags
[15:28] {nemo} off to sell politically incorrect merchandise. cya tomorrow
[15:28] {dino} cya nemo
[15:28] {magoo} bye nemo
[15:34] {Threei} FAS spiked into resistance
[15:34] {Threei} not delighted by buying spike
[15:36] {Threei} take a quick scalp if you entered
[15:36] {Threei} drop under 10 will be entry again
[15:36] {jfjf64} out
[15:39] {jfjf64} yikes
[15:39] {Threei} shrug
[15:39] {Threei} I am telling you
[15:39] {Threei} everything is backwards
[15:39] {Threei} the weirdest day I've seen in quite a while
[15:40] {wulff} we can give you a break for once,
[15:40] {wulff} but do some heavy drinking tonight
[15:41] {Threei} why wait?
[15:43] {jfjf64} faz break 5 ?
[15:44] {jfjf64} i think im reachin
[15:44] {jfjf64} sd be drinkin
[15:45] {Threei} I doubt it's worth the risk jf
[15:45] {Threei} at least FAS trade was in tune with general mood of the day
[15:49] {Threei} SRS is decimated today
[15:49] {dptl} [12:41] {wulff} but do some heavy drinking tonight
[15:49] {dptl} [12:41] {&Threei} why wait?...
[15:49] {dptl} you guys still trading?
[15:49] {Threei} lol
[15:49] {dptl} :)
[15:49] {wulff} sulking
[15:49] {Threei} we at least did FAS scalp dp
[15:50] {dptl} oh..i see
[15:50] {Threei} now crying about exiting too soon
[15:50] {Threei} but sheesh
[15:50] {Threei} whoever could suspect it had such run in it can throw a stone at me
[15:51] {Threei} btw magoo
[15:51] {Threei} you took it??
[15:51] {Threei} you literally squeezed that call ouyt of me
[15:51] {wulff} be right back, my rocks are outside
[15:55] {Threei} FAZ new lows
[15:59] {magoo} ok ty all
[15:59] {Threei} not happy with today by any measure
[15:59] {Threei} okay guys
[15:59] {Threei} let's have a relaxing evening,
[15:59] {Threei} see you tomorrow
[15:59] {magoo} you'll get the tomorrow..u always do
[16:00] {lamant} byebye
[16:00] {fernp} good evening all

Thursday, May 14, 2009

May 14 2009

One of those "can do no wrong" days. All plays worked like charm on both long and short side. DRYS, WFC, LVS, MGM, HIG, some of them gave a few plays. 





Session Time: Thu May 14 00:00:00 2009

[07:47] {vinod} good morning
[07:48] {nemo} mornin'
[07:48] {vinod} I am early Have meeting at 8.00
[07:48] {nemo} in something already vinod?
[07:49] {vinod} I expect we go down big today
[07:49] {nemo} I would agree, but that probably means we're wrong
[07:49] {vinod} they going to let people go today and i have to delet their log on
[07:49] {nemo} oy weh
[07:49] {vinod} see you nemo
[07:50] {nemo} take care vinod
[08:08] {Threei} Good morning
[08:08] {magoo} morning
[08:08] {lamant} morning
[08:08] {Threei} magooevsky. lamant :)
[08:09] {magoo} nice :)
[08:09] {lamant} :) hehe
[08:09] {magoo} man..i didnt see vnda close 12.96..sheesh
[08:09] {Threei} no kidding
[08:09] {Threei} rocket
[08:10] {magoo} thats one i wish i had a do-over
[08:10] {Threei} I wish it weren't so incredibly volatile so I could call it with more confidence
[08:10] {Threei} intuition was screaming it's a mover... discipline said, look at the size of the loss on it if anything goes wrong
[08:11] {Threei} thing drops a dollar ona a few sales, lol
[08:11] {Threei} but I am going to tease larisa about it for years to come
[08:16] {nemo} RIMM CAT FITB TCK DRYS continuuing to trend down from yesterday
[08:16] {Threei} interestingly enough NQ is green
[08:17] {magoo} to soon to conclude that nemo imo
[08:17] {nemo} Didn't say it would continue, that's where they are at the moment
[08:18] {magoo} oops..sorry
[08:20] {nemo} no probs...vinod was on earlier, said thinks we'll go down big today. I agreed, and then said, "which probably means we're wrong." I'm a broken clock, dude. Right twice a day
[08:20] {Threei} hey
[08:20] {Threei} just make sure you do two trades a day,
[08:20] {Threei} and time them exactly right with that broken clock moment
[08:20] {Threei} and you'll retire in no time
[08:20] {magoo} lol vad
[08:21] {nemo} piece a cake
[08:21] {Threei} see? I provide morning sunshine
[08:21] {magoo} could be extremely successful..take 200k shares twice a day for a dime
[08:21] {nemo} so what movie we doing today Mags?
[08:21] {Threei} mags is doing fallen
[08:21] {Threei} he promised me
[08:21] {nemo} Azazel
[08:22] {nemo} "Did I ever tell you about the day I almost died?"
[08:22] {Threei} hey
[08:22] {magoo} mags "has"fallen
[08:22] {Threei} don't sppil it for him
[08:22] {Threei} spoil
[08:22] {nemo} "Please allow me to introduce myself..."
[08:22] {nemo} Great movie mags...
06[08:23] * Threei slaps magoo around a bit with a large DVD box and list of broken promises
[08:23] {magoo} put me on the broken promises list
[08:24] {nemo} Tiiiime is on my side, yes it is...
[08:25] {Threei} that's not a list you want to be on mags
[08:26] {Threei} too many politicians for comfort
[08:30] {Threei} *APR PRODUCER PRICE INDEX M/M: 0.3% V 0.2%E
[08:30] {nemo} energy probably
[08:30] {Threei} PPI EX FOOD&ENERGY: 0.1% V 0.1%E
[08:30] {nemo} there you go
[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 637K V 610KE; CONTINUING CLAIMS: 6.560M V 6.400ME
[08:31] {nemo} not as dumb as i look
[08:31] {Threei} - Prior jobless claims revised from 601K to 605K
[08:31] {Threei} - Prior Continuing Claims revised from 6.351M to 6.358M
[08:31] {nemo} then again, NO ONE could be as dumb as I look
[08:32] {pita} gm all
[08:33] {Threei} pita :)
[08:39] {fernp} good morning everybody
[08:39] {Threei} fern :)
[08:42] {Threei} WFC is once of stronger finnies
[08:45] {Threei} things are greening slowly
[08:46] {nemo} green shoots
[08:46] {Threei} yeah, them
[08:46] {pita} need more manure
[08:46] {Threei} rofl
[08:46] {Threei} shouldn't be a problem I guess
[08:47] {pita} there's plenty
[08:47] {cosmo} it just needs to be refined
[08:47] {Threei} and presses are still on
[08:48] {pita} processed - that's what the talking heads do
[08:50] {cosmo} yeah...they chew on it
[08:50] {dino} gm all
[08:51] {Threei} dino :)
[08:51] {nemo} dino :)
[08:51] {nemo} What movie today Dino?
[08:51] {dino} lol
[08:51] {Threei} oh jeez
[08:51] {Threei} look at this:
[08:52] {Threei} WINNIPEG A winter storm watch has been issued for parts of western Manitoba and the Interlake.
[08:52] {Threei} Environment Canada says a low pressure system in Alberta will track across Saskatchewan today and into Manitoba by tonight.
[08:52] {Threei} Rain is expected to begin this evening and change to snow overnight, with snow tapering off near midday Friday. Up to 20 centimetres of snow are possible
[08:52] {Threei} am I ever glad I moved...
[08:52] {nemo} GLobal warming
[08:53] {cosmo} every day it starts over again...
[08:53] {pita} renewal?
[08:54] {cosmo} the sun
[08:54] {cosmo} top down
[08:54] {pita} y
[08:54] {nemo} bottoms up!
[08:54] {cosmo} hmmm .... methane from the depths
[08:54] {nemo} what did you eat?
[08:55] {cosmo} uppers
[08:55] {nemo} oy....
[08:57] {ese} morning vad.....
[08:58] {ese} nemo cos
[08:58] {ese} pita
[08:59] {pita} ese
[09:00] {nemo} ese ...:)
[09:02] {Threei} ese :)
[09:02] {ese} snow in manitoba ehhhhhh....
[09:02] {dino} rmbs
[09:04] {jfjf64} mornin
[09:05] {cosmo} rmbs: another good day in court
[09:06] {ese} you and me are both glad we moved here vad
[09:06] {Threei} 05/14/09 09:00am
[09:06] {Threei} [RMBS] Rambus Inc FTC dismisses case against company
[09:06] {Threei} - FTC has issued an order dismissing the remainder of its case against Rambus. This follows a recent denial of the Commissions request for certiorari with the US Supreme Court to review the Rambus case and brings the 7- year matter to a close.
[09:06] {Threei} - In its order, the FTC indicated it would not pursue further proceedings against Rambus in this matter, stating the Commission finds that further litigation in this matter would not be in the public interest.
[09:08] {Threei} GM
[09:08] {Threei} CEO: ANY BANKRUPTCY SHOULD BE QUICK TO WORK PROPERLY; DEALER REDUCTIONS CAN FUNCTION IN OR OUT OF BANKRUPTCY
[09:10] {dptl} good morning all
[09:10] {Threei} dp :)
[09:12] {ese} dp
[09:15] {chinggis} gm all
[09:15] {Threei} chinggis :)
[09:19] {jfjf64} whats a matter vad i dont get smiley face!!!
[09:20] {Threei} sorry jf... RBSM distracted me... went looking for its news and missed your entrance
[09:20] {Threei} RMBS too
[09:20] {jfjf64} i know lol lets get em
[09:21] {Threei} is it deep emotional trauma or,given couple months of nave-gazing and case of vodka you'll be able to overcome?
[09:22] {Threei} you are not a snowwhite like magoo, are you... once I haven't smiled at him, he was pouting for weeks
[09:23] {jfjf64} not here
[09:23] {pita} bright side is..... no one's been trouted...yet
[09:23] {Threei} we are trying to stay away from fish till 9:24
[09:24] {pita} :)
[09:28] {Threei} WFC strength again
06[09:31] * nemo slaps Threei around a bit with a large trout
[09:32] {Threei} Long Setup: DRYS .16
[09:33] {dptl} in
[09:34] {dptl} stop?
[09:34] {Threei} under 6
[09:34] {Threei} sheesh WFC
[09:35] {dino} holx l .94
[09:36] {Threei} WFC quick pullback
[09:36] {Threei} let's see if we get something atound .40 - .50
[09:36] {nemo} fas
[09:37] {Threei} DRYS 1:1, half out
[09:37] {magoo} out druys .27 TY
[09:37] {fernp} out DRYS ty
[09:38] {Threei} 6 is major support for it... want to try and give second half a chance
[09:38] {nemo} out scalp
[09:38] {chinggis} out drys ty
[09:38] {Threei} welcome guys
[09:38] {dptl} half out ty
[09:38] {Threei} WFC, one more drop please?
[09:41] {magoo} be careful what u ask for lol
[09:42] {Threei} picked up half of DRYS back at .10
[09:42] {Threei} kind of umbrella trade
[09:43] {wulff} sneaky
[09:43] {Threei} sold .18
[09:44] {Threei} not doing it anymore unless it drop closer to 6
[09:44] {Threei} so I could get it back with very tight stop
[09:46] {Threei} look at VNDA drop... illustration to its volatility I mentioned earlier
[09:46] {ese} L RMBS .97 agressive enytry
[09:47] {dino} nktr
[09:47] {Threei} WFC becomes more interesting
[09:47] {Threei} not ready yet
[09:48] {Threei} NKTR
[09:48] {Threei} UCB'S CIMZIA(R) APPROVED BY U.S. FDA FOR ADULT PATIENTS SUFFERING FROM MODERATE TO SEVERE RHEUMATOID ARTHRITIS
[09:48] {ese} stop .77
[09:49] {dino} prsc
[09:50] {ese} RMBS stopped -.20
[09:50] {dino} pru -10 since fri
[09:50] {ese} ya win some ya loose some
[09:50] {Threei} if DRYS holding 6, first uptick if for entry second half
[09:51] {Threei} stop is right under 6 for whole thing
[09:51] {Threei} out
[09:52] {Threei} never gave entry to add
[09:52] {Threei} (thank goodness)
[09:52] {Threei} look what happens when major support is broken
[09:52] {dino} pcln -015 since tues
[09:52] {dino} -15
[09:54] {pita} WFC?
[09:55] {Threei} WFC support in .90 for now
[09:55] {Threei} but FAS is still dropping
[09:55] {Threei} no indication whether it's a double bottom or breakdown
[09:57] {Threei} Long Setup: WFC 24 break if holding .90 this time
[09:57] {nemo} oops
[09:57] {Threei} too fast?
[09:57] {dptl} ye
[09:57] {magoo} i caught .05
[09:57] {fernp} missed here
[09:57] {nemo} just call me "thumbs"
[09:58] {Threei} watch FAS
[09:58] {Threei} WFC is good for another entry when FAS upticks
[09:59] {Threei} got .02 this time
[09:59] {Threei} half out .14
[09:59] {Threei} out 1/4 more
[10:00] {Threei} stop .99, offering .30
[10:00] {nemo} didn't see fas uptick until WFC had left station
[10:00] {Threei} it did, right when WFC was .01
[10:00] {Threei} mags... exiting any??
[10:01] {magoo} out full .28 here TY
[10:01] {Threei} whew
[10:02] {Threei} out .30
[10:02] {dino} vrtx
[10:02] {Threei} US HOUSE DEMOCRATS REPORTEDLY CONSIDERING PROPOSAL TO MANDATE HEALTH INSURANCE
[10:02] {nemo} Massachusetts did that. You have to buy it
[10:04] {dino} sm l aipc .64
[10:04] {Threei} watch FAS/BAC pair now
[10:04] {Threei} 11 break is idea for BAC
[10:05] {magoo} too funny hit .99
[10:05] {Threei} too fast again
[10:05] {nemo} yeah
[10:05] {Threei} pulling back
[10:05] {magoo} outbac
[10:05] {magoo} dimer
[10:05] {Threei} brief dive under 11 iswhat I want to see for entry
[10:05] {magoo} .08 actually
[10:06] {Threei} yeah right
[10:07] {ese} I think that push down by drys might signal a turn around.....
[10:08] {Threei} Long Setup: LVS .80 break
[10:09] {Threei} watch MGM
[10:09] {Threei} LVS is aggressive entry when MGM upticks
[10:10] {Threei} in
[10:10] {Threei} .55 stop
[10:11] {Threei} come on MGM, break .80
[10:11] {dptl} in .62
[10:11] {Threei} yep, that's what I got too
[10:12] {magoo} .64
[10:13] {Threei} half out .72
[10:13] {dptl} out half
[10:13] {Threei} scalpers have over 1;1
[10:14] {Threei} stop .59 now
[10:14] {Threei} MGM drops
[10:14] {Threei} okay okay
[10:14] {Threei} out
[10:14] {jfjf64} ty vad
[10:15] {Threei} what's with these nervous movements today
[10:15] {dptl} out.56
[10:15] {Threei} market is like high school grad 1 hour before prom
[10:15] {dino} pru
[10:15] {jfjf64} joecool here
[10:15] {magoo} f'in WFC
[10:16] {Threei} WFC should drop into .50 now mags
[10:16] {Threei} if you like it, watch for entry around there with FAS guidance
[10:17] {Threei} FED CONFIRMS COUPON PASS
[10:17] {Threei} what's that?
[10:17] {Threei} Long Setup: MGM .65
[10:18] {Threei} scalpers aim to axit above .70
[10:18] {Threei} with stop under .60
[10:18] {Threei} daytraders hold with stop under .50
[10:19] {Threei} and look to partial close to .80
[10:19] {Threei} you got your WFC magoo?
[10:19] {Threei} hit .53, like clockwork
[10:19] {magoo} no u like?
[10:19] {Threei} don't know didn't watch it at the moment
[10:19] {Threei} assumed you did
[10:20] {dptl} in mgm .87
[10:20] {dptl} .67
[10:20] {Threei} scared the hell out of me dp
[10:20] {nemo} in .66
[10:20] {Threei} but even .67 a bit too high...
[10:20] {Threei} trigger was .65, adn was easily available
[10:21] {nemo} out ty
[10:21] {Threei} scalpers got their target
[10:22] {ese} bstop drys .17
[10:23] {dptl} out
[10:23] {ese} sorry that bstop is .19
[10:23] {dptl} .72
[10:23] {Threei} guys, let's elaborate definitions
[10:23] {Threei} Long Setup: ABCD 20 break
[10:24] {Threei} means buy when broken
[10:24] {Threei} unless you want aggresive entry of course
[10:24] {jfjf64} cant pull up
[10:24] {Threei} prepare limit entry at 20.03 if 3 cents chansing is your limit of tolreance
[10:25] {Threei} and click buy when 20 offers disappear
[10:25] {Threei} now,
[10:25] {Threei} Long Setup: ABCD 20
[10:25] {Threei} means, 20 itself is a trigger,
[10:25] {Threei} prepare 20.01 entry,
[10:25] {Threei} don't be a first buyer unless stock is thin
[10:25] {Threei} and try to grab 20 when buying starts and offers melt down
[10:26] {Threei} worst casde scenario, get 20.01
[10:26] {magoo} out .77 MGM ty
[10:26] {Threei} call for .65 entry was caused by the fact that MGM topped at .64 twice
[10:26] {Threei} day traders got 1:1 on MGM
[10:26] {dino} pru wall at .50
[10:27] {Threei} so, .65 became a trigger,
[10:27] {Threei} but since there was a scalping version for a very small gain in this play
[10:27] {Threei} I didn't want to say .64 break, which leaves too much room
[10:27] {Threei} and opted for strict .65
[10:28] {Threei} hope it's clear
[10:30] {dino} sm l .50
[10:30] {ese} bstop intc .48
[10:30] {nemo} of what dino pru?
[10:30] {dino} y
[10:30] {ese} couple of bstops we'll see what happens
[10:31] {wulff} I tried to buy ABCD but missed it.
[10:31] {nemo} you used capitals?
[10:32] {dino} stop to .47 mkt drop
[10:33] {nemo} tchk?
[10:33] {nemo} tck?
[10:34] {ese} L intc
[10:35] {wulff} HIG
[10:35] {magoo} WFC vad..read?
[10:35] {dino} to .80
[10:36] {magoo} seems 25 comiyth
[10:36] {dino} out +.30
[10:40] {Threei} let's leave WFC alone for now
[10:40] {Threei} HIG feels like better candidate
[10:45] {dino} feels like a friday
[10:52] {dino} holx stopped -.22
[10:52] {Threei} sheesh LVS
[10:53] {magoo} really
[10:59] {ese} l drys filled at .18
[11:01] {Threei} SEC PROPOSES STRICTER RULES FOR INVESTMENT ADVISORS THAT HOLD CLIENTS' ASSETS
[11:01] {Threei} - auditors will have to be registered with PCAOB audit watchdog
[11:03] {Threei} LVS
[11:03] {Threei} dropped right into .80 support
[11:03] {nemo} an...
[11:04] {Threei} let's see if it gives chance for entry by approaching it once again, before going back up
[11:04] {Threei} first strength from here
[11:04] {Threei} in
[11:04] {Threei} stop under .80
[11:04] {dptl} in .06
[11:05] {dptl} .86
[11:05] {magoo} .90
[11:05] {magoo} dammit:)
[11:05] {Threei} sheesh
[11:05] {Threei} mags... what;s with relentless chasing
[11:05] {Threei} anyway
[11:05] {Threei} out
[11:05] {Threei} .98
[11:05] {dptl} out .96 ty
[11:05] {magoo} slow
[11:05] {jfjf64} .96 ty nicee
[11:05] {Threei} clean play on pullback into formet resistance, new support
[11:06] {magoo} out .03
[11:06] {chinggis} out 9.01 ty ty
[11:06] {nemo} tck keeps going
[11:06] {magoo} i just got to desk from coffee run
[11:06] {magoo} never saw .86
[11:06] {jfjf64} could not of said bettr picture perfect
[11:07] {dino} crmt
[11:07] {dino} t l .15
[11:08] {Threei} pelosi on interrogation techniques and hw she was or was not briefed
[11:08] {Threei} is there any sngle person in USA who believes her?
[11:09] {nemo} lying pisd..!
[11:10] {nemo} wfc va
[11:10] {nemo} vd
[11:10] {nemo} vad
[11:10] {nemo} jeez
[11:11] {nemo} Vad's school of keyboard wizardry
[11:11] {vinod} good afternoon
[11:11] {Threei} vinod :)
[11:12] {jfjf64} fas 9.00
[11:12] {jfjf64} tough ##
[11:14] {Threei} I keep waiting for HIG pulback and not getting it
[11:14] {Threei} too conditioned to ignore breakouts lately
[11:14] {nemo} one of the financials really pulling back
[11:14] {nemo} none
[11:15] {dino} glre
[11:15] {wulff} too conditioned to ignore pullbacks am i
[11:21] {ese} ok out intc .55 +.07 huge lot....am done for the day all still long drys.....see you tomorow
[11:23] {dino} gj es
[11:23] {Threei} take care ese
[11:26] {jfjf64} sellin hig
[11:32] {nemo} how'd the hatchet job go vinod?
[11:32] {Threei} Short Setup: HIG .25 break
[11:33] {dptl} in
[11:33] {magoo} in
[11:33] {nemo} in
[11:34] {nemo} stop?
[11:34] {dptl} stop .35?
[11:34] {Threei} stop above .35
[11:34] {Threei} for hardcore scalpers above .30
[11:35] {Threei} and they are about to get their 1;1
[11:35] {Threei} there they go
[11:36] {Threei} 1:1 for first version of stop
[11:37] {dptl} half out .15 ty
[11:37] {pita} HIG ty, gotta go, cu later
[11:37] {Threei} take care pita
[11:37] {magoo} take care pita
[11:40] {magoo} out
[11:40] {dptl} all out now
[11:40] {Threei} you guys are really stingy
[11:40] {nemo} shorting on an up day
[11:41] {Threei} is it a "tsk tsk tsk" kind of comment?
[11:41] {nemo} tck tck tck
[11:42] {Threei} because if it's a question, I can explain... but if it's a reproach, I take tomorrow off
[11:42] {Threei} and the rest of today
[11:42] {nemo} no reproach
[11:42] {Threei} and whole weekend
[11:42] {Threei} come on
[11:43] {Threei} say yes reproach
[11:43] {nemo} I prefer admonishment
[11:43] {Threei} more than tghree syllables
[11:43] {nemo} out
[11:44] {dptl} what is it, reproach?
[11:44] {nemo} approach
06[11:44] * Threei sends dp The Dictionary of Under Three Syllables Words
[11:45] {Threei} 1;2
[11:45] {dptl} oh here is my .05 hig..ye too stingy i am :)
[11:45] {Threei} 1/4 more out
[11:45] {Threei} why modify the standard procedure?
[11:45] {Threei} 1:1, stop to breakeven
[11:45] {Threei} which would be .25 - .26
[11:45] {Threei} what kind of stop was that, above .20?
[11:45] {Threei} not here nor there
06[11:46] * dptl slaps dptl around a bit with a large trout
[11:46] {Threei} ty
[11:46] {Threei} slap nemo with something hard and heavy while you are at it
06[11:46] * dptl slaps nemo around a bit with a large trout
06[11:46] * nemo in foxhole
[11:47] {Threei} btw, speaking of standard procedures...
[11:48] {Threei} where is the stop for the last portion now?
[11:48] {magoo} 05
[11:48] {dptl} .05
[11:48] {nemo} .05
[11:48] {Threei} and before this last bounce?
[11:48] {dptl} .22
[11:48] {magoo} huh?
[11:48] {Threei} lol
[11:49] {nemo} 1:1
[11:49] {dptl} no .12
[11:49] {Threei} never mind magoo...
[11:49] {Threei} nemo gets the prise
[11:49] {Threei} out last portion
[11:49] {magoo} long here .05
[11:49] {nemo} what I win what I win what I win :)
[11:49] {Threei} ummm... prize to be determined yet
[11:50] {nemo} Larry retire?
[11:50] {Threei} I guess
[11:52] {Threei} Long Setup: HIG .05 break
[11:52] {Threei} if stays above 14 for those hardcore etcm
[11:52] {magoo} echo??
[11:52] {Threei} if stays above .95 for sane traders
[11:52] {magoo} [11:49] {magoo} long here .05
[11:52] {dptl} in
[11:53] {Threei} you are welcome to view it as validation, magooski {G}
[11:53] {nemo} cmon give me .07!
[11:54] {nemo} in
[11:54] {nemo} stop @ .00
[11:55] {Threei} pesky hardcore etc got their 1:1
[11:56] {dptl} out ty
[11:56] {Threei} stingy ones too
[11:57] {nemo} out ty
[11:57] {jfjf64} out ty
[11:57] {Threei} sane ones got their 1;1
[11:57] {nemo} lunchtime scalps
[11:57] {Threei} then there is magoo...
[11:58] {magoo} WFC rips
[11:59] {nemo} sw that Mags
[11:59] {magoo} in 02 WFC'
[11:59] {nemo} saw
[12:00] {Threei} WFC
[12:00] {Threei} MOODY'S UPGRADES SOME RATINGS; PREFERRED STOCK TO BA3 FROM B2
[12:00] {Threei} - BFSR ratings to C- from D+; cites imrpovement in capital ratios
[12:00] {Threei} wow
[12:00] {Threei} that's first rathing upgrade I've seen since
[12:00] {Threei} ummm
[12:00] {Threei} forever
[12:01] {magoo} out here .16
[12:02] {magoo} new HIGH SPY
[12:02] {Threei} HIG on the move
[12:03] {magoo} phone for u vad..its LVS
[12:03] {jfjf64} lol mags
[12:03] {nemo} reentry on hig over .20?
[12:04] {Threei} no
[12:04] {Threei} don't buy tisk
[12:05] {Threei} interesting how MGM is so much weaker
[12:08] {Threei} sheesh
[12:08] {Threei} 20 people in the room, no one asked what tisk is?
[12:09] {nemo} risk
[12:09] {nemo} Vaadish
[12:09] {Threei} either you all are proficient in Threeish,
[12:09] {nemo} do I get another prize
[12:09] {Threei} or you all are asleep,
[12:09] {Threei} you sure do
[12:09] {patience} vad, i need a refresher course on trade what you see. I keep waiting for POT to drop and the sod keeps going up. What is tisk?
[12:09] {Threei} risk :)
[12:10] {nemo} patience...[12:08] {&Threei} 20 people in the room, no one asked what tisk is?
[12:10] {nemo} [12:09] {nemo} risk
06[12:10] * nemo slaps laserdave around a bit with a large narwhal
[12:10] {patience} i'm distracted with POT...I can't believe it keeps going up
[12:10] {Threei} every print can be viewed as someone buying riskm and someone selling risk
06[12:10] * nemo hopes he didn't get laserdave with the tusk
[12:11] {magoo} out hig here .26..not bad for nut job:)
[12:11] {Threei} there is certain level where it's reasonable
[12:11] {Threei} and then there is magoo :)
[12:11] {Threei} with HIG entry at .05 it is reasonable ro hold for .20 break,
[12:11] {Threei} but to buy there as a new entry - buying too much risk
[12:12] {Threei} anyway, glad to see we played HIG on both sides
[12:12] {Threei} like violing.. short, cover, switch to long
[12:12] {Threei} violing?
[12:12] {Threei} sigh
[12:13] {jfjf64} double good
[12:13] {nemo} Although, since I first asked about 20 break it built a range for about 7 minutes before breaking. WHile buildig the range volume decreased from initial pop over .20 and then increased when it broke .20 the 3rd time.
[12:13] {Threei} or as old little Johnny joke goes, twice is twice
[12:13] {nemo} at the same time?
[12:14] {Threei} it made a play more reasonable
[12:14] {nemo} Isn't that little misha
[12:14] {Threei} and if HIG wasn't up over two bucks already from the low, I would go for it
[12:15] {nemo} would have been a scalp. Is HIG possibly coming into support here?
[12:25] {Threei} CHRYSLER SALES CHIEF: THE 789 DEALERS AFFECTED BY CUTOFF HAVE AROUND 44K VEHICLES ON THEIR LOTS
[12:25] {Threei} - notes there is no appeal process for the dealers that are being cut
[12:26] {Threei} what a frikin disaster...
[12:26] {Threei} Long Setup: LVS .50 break
[12:26] {Threei} just a scalp most likelyt
[12:27] {Threei} no chasing beyond .51
[12:27] {dptl} in
[12:27] {nemo} that was quick
[12:27] {magoo} INNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
[12:27] {magoo} .49
[12:28] {dptl} stop under .40 right?
[12:28] {nemo} in
[12:28] {Threei} or under .45
[12:28] {Threei} both are valid
[12:29] {Threei} for differenet degrees of stingyness
[12:29] {nemo} partial fill
[12:29] {Threei} 1:1 for most stingy
[12:30] {nemo} ty
[12:30] {dptl} out
[12:30] {Threei} 1:1 for less stingy
[12:30] {magoo} i can nebver remember if im stingy..greey..insane?
[12:30] {nemo} or all three
[12:31] {Threei} you are all things imaginable, mags
[12:31] {Threei} oh and some of unimaginable too
[12:31] {dptl} jee i am tooo stingy today
[12:31] {nemo} frickin antichrist
[12:31] {wulff} TY out .62
[12:31] {Threei} hey
[12:31] {Threei} guess who is on TV
[12:31] {Threei} wulff :)
[12:31] {nemo} Oprah?
[12:31] {Threei} you wish
[12:31] {nemo} Hillary?
[12:32] {nemo} Janene Garofalo?
[12:32] {magoo} out here .68 TY vader lord of flies
[12:32] {Threei} 1:2
[12:32] {Threei} out in full
[12:32] {jfjf64} ty
[12:32] {Threei} welcome
[12:32] {jfjf64} schhss
[12:32] {Threei} say what?
[12:32] {Threei} actually... never mind
[12:33] {Threei} schhss to you too
[12:33] {jfjf64} lol
[12:36] {Threei} GM
[12:36] {Threei} REPORTEDLY PREPARING NEW BUYOUT OFFERS FOR UAW WORKERS TO FURTHER REDUCE ITS WORKFORCE AND CUT COSTS; NEW ATTRITION PLAN COULD INCLUDE A MIXTURE OF CASH PAYOUT AND CAR VOUCHERS
[12:37] {vinod} a new cady?
[12:37] {jfjf64} are ya serious car vouchers
[12:37] {Threei} me?
[12:38] {Threei} I am copying and pasting
[12:38] {Threei} shoot the messenger all you wish
[12:39] {Threei} now UAW is thinking:
[12:39] {Threei} we can accpet all those alms,
[12:39] {vinod} UAW workers will be census taker jobs to count the half dozen or so of people who still remain in Detroit
[12:39] {Threei} or we can stand firm, send them to bankruptcy and get them for ourselves just as we did Chrysler
[12:41] {vinod} out DRYS 6.30 from earlier in morning
[12:43] {Threei} not bad
[12:43] {vinod} they let some people go today and i was bussy
[12:44] {vinod} let people go from mutual fund group only
[12:45] {jfjf64} hig shortable14.10
[12:45] {jfjf64} ?
[12:46] {Threei} not sure
[12:47] {jfjf64} ty
[12:50] {jfjf64} invalid i cd say thanks
[12:55] {chinggis} Vad any read on BRCD?
[12:56] {Threei} I like the chart... just feels like its potential for the day is exhausted
[12:56] {Threei} or very close to it
[12:56] {Threei} unless market makes a huge move, BCRD doesn't have much gas left for the day
[12:57] {Threei} wow... Prez... "even if you are not a member of union, you owe something to the unions"
[12:57] {chinggis} ok ty vad
[12:57] {nemo} you've got to be shitting me?!
[12:57] {Threei} live on TV
[12:58] {nemo} well, they were a huge reason democrats were elected, they'll be paying them off for years
[12:58] {Threei} free choice act will level playing fieled
[12:58] {nemo} free choice?
[13:00] {Threei} do away with secret ballot on union drives
[13:00] {nemo} no, that won't level the playing field, it let's the unions know exactly who is voting for what so they can apply pressure
[13:01] {Threei} preaching to the choire
[13:02] {Threei} I was quoting still, in case it wasn't clear
[13:02] {magoo} hey vad..i eatring bacon cheeseburg
[13:02] {Threei} see you in an hour
[13:02] {Threei} magoo did it
[13:03] {nemo} Mmmmh...FITB had a 9.2% increase in short interest last month
[13:18] {Threei} interesting
[13:19] {Threei} look how HIG is holding while market and FAS drop
[13:19] {nemo} in
[13:19] {nemo} just kidding
[13:20] {magoo} dammit..dumped my coke on keyboard
[13:20] {magoo} son of a beeeaaatch
[13:20] {nemo} liquid?
[13:20] {Threei} you guys are easy to humor eh?
[13:21] {nemo} and your's is so sophisticate
[13:21] {nemo} d
[13:23] {magoo} BKUNA vad
[13:27] {Threei} BIDDERS HAVE REPORTEDLY ASKED REGULATORS TO PUT BANKUNITED INTO RECEIVERSHIP BEFORE SELLING ASSETS; DEADLINE FOR BIDS EXTENDED TO MAY 19
[13:27] {Threei} - private equity groups reportedly want BKUNA in receivership because it would allow them to buy the assets without paying for the equity.
[13:27] {Threei} - Note: Bidders rumored in past have included JC Flowers and Co, BX, Carlyle Group and Wilbur Ross
[13:28] {Threei} this is beyond joke:
[13:28] {Threei} US HOUSE SPEAKER PELOSI: CANNOT YET SAY WHETHER SECOND STIMULUS PACKAGE IS NEEDED AT THIS TIME
[13:28] {Threei} - Notes that the first stimulus package has yet to realize its full potential
[13:28] {vinod} mor viagra?
[13:29] {vinod} any long short?
[13:29] {nemo} for pelosi! It would take more than viagra for me
[13:31] {vinod} no. comment. boss will get mad!!!!!!!!!!
[13:39] {jfjf64} lvs strong mgm sleep walkin again
[13:43] {dino} pretty sure it hasn't passed yet
[13:44] {jfjf64} i agree
[13:44] {dino} arst sm l .90
[13:48] {Threei} feels like HIG is setting up for another martch up
[13:50] {jfjf64} hmm
[13:52] {magoo} lvs nears top vad
[13:54] {magoo} mgm moving vad
[13:54] {Threei} thanks for keeping me updated mags...
[13:54] {magoo} long .28
[13:55] {magoo} huh?
[13:55] {Threei} well... you take extra pain to let me know what moves.. so I thought I would exp]ress appreciation
[13:56] {magoo} just team player here
[13:59] {wulff} vad the market closes in 2 hours
[13:59] {Threei} wow
[13:59] {Threei} you guys are just bottomless well of information today {G}
[13:59] {Threei} truly inexhaustible
[13:59] {nemo} deep subject
[14:00] {magoo} roflol wulff
[14:01] {Threei} lol, still giggling here
[14:01] {wulff} Missed FAs bounce
[14:01] {magoo} MGM MGM MGM
[14:01] {Threei} HIG too
[14:02] {magoo} LVS LVS
[14:08] {wulff} I know you hate BO's, but LVS C-H?
[14:08] {magoo} out mgm .40
[14:14] {magoo} out hig .88 TY boss
[14:16] {Threei} I don't hate them per se wulff
[14:16] {Threei} I just don't believe we are in the market where they work
[14:20] {wulff} picky picky
[14:20] {jfjf64} hig monster
[14:23] {magoo} new high in micspoozy
[14:23] {magoo} SPY
[14:28] {magoo} vad..only 90 minutes left
[14:29] {dptl} i think i'm gonna call it a day (good one) ty... and have a good evening all :)
[14:29] {Threei} mags... we are running at frikin 100% today... is there limit to your demands??? :)
[14:29] {Threei} take care dp
[14:29] {magoo} no
[14:29] {Threei} lol, didn't think so
[14:33] {magoo} pissed u had to ask?
[14:33] {magoo} lol
[14:33] {Threei} hehe
[14:38] {magoo} micspooz
[14:38] {magoo} high
[14:39] {jfjf64} market new highs vad
[14:40] {dino} arst to flat
[14:40] {Threei} sigh
[14:40] {Threei} you guys really want to rid me of the crown of Captain Obvious
[14:41] {jfjf64} no we realy want hig pullback lol
[14:42] {Threei} here it is
[14:42] {jfjf64} need fas to corporate
[14:43] {nemo} look at the volumes on the indices
[14:44] {Threei} on a light side
[14:44] {nemo} anorexic
[14:46] {dino} aipc stop to .97 alldayer
[14:47] {jfjf64} hig
[14:47] {Threei} ok
[14:47] {Threei} prepare half lot if you want to paly it
[14:48] {jfjf64} k
[14:48] {Threei} 15 break
[14:48] {Threei} stop under .95
[14:48] {Threei} this type of plays ca take a few tries
[14:48] {Threei} that's why half lot, so you could do it without to much damange
[14:49] {dino} make it .02 mkt drop
[14:49] {Threei} and no chasing
[14:49] {Threei} it's a precision play
[14:50] {Threei} 1:1
[14:50] {fernp} out ty
[14:50] {Threei} nice and easy
[14:50] {jfjf64} out ty
[14:51] {dino} to .14
[14:52] {jfjf64} that was stress
[14:52] {jfjf64} good read with half lot
[14:52] {dino} out .20 ave, +.56
[14:53] {Threei} well jf... government thinks banks are better for the stress tests
[14:53] {Threei} same probably should apply to you
[14:54] {Threei} and hey... where does the stress come from... we run at 100% today, no single stop,
[14:54] {laserdave} test
[14:54] {Threei} littgle play half lot with 6-7 cents stop,
06[14:54] * nemo slaps laserdave around a bit with a large trout
[14:54] {Threei} how can it be that stressful? "_
[14:54] {laserdave} i needed that
[14:54] {laserdave} thanks
[14:54] {nemo} np
06[14:55] * Threei slaps laserdave around a bit with a large banner TEST THIS!
[14:55] {jfjf64} seems lk hig wants to gv all back
[14:55] {laserdave} i always pass the test
[14:57] {dino} arst stopped .94, +.04
[14:57] {nemo} hig crossback 15?
[14:57] {Threei} nah
[14:57] {jfjf64} im thinkin too much
[14:58] {Threei} lower lowes, lolwer highs
[14:58] {nemo} better you than me?
[14:58] {Threei} why go second time for teh same trigger,
[14:58] {Threei} to have less potential and bigger stop?
[14:58] {Threei} for this trigger to become valid HIG needs to stop making lower lows,
[14:59] {Threei} consolidate a bit
[14:59] {Threei} then break
[14:59] {Threei} otherwise chances of false break arwe too high
[15:00] {Threei} VNDA
[15:00] {Threei} TO PRESENT DATA ON FANAPT AND TASIMELTEON AT THE 162ND AMERICAN PSYCHIATRIC ASSOCIATION ANNUAL MEETING
[15:00] {Threei} - will present posters on its newly approved atypical antipsychotic, Fanapt (iloperidone), at the 162nd American Psychiatric Association (APA) annual meeting in San Francisco, California. Fanapt is indicated for the acute treatment of schizophrenia in adults. Vanda will also present two posters on tasimelteon at APA
[15:11] {dino} ddrx
[15:11] {dino} ens
[15:13] {Threei} hey guys... rounds of applause for Larisa who came out of retirement for an hour to say hello
[15:14] {Threei} sleepy or jealous?
[15:15] {larisa} or dead :) later :)
[15:15] {Threei} :)
[15:15] {jfjf64} hi larissa
[15:15] {Threei} to late
[15:21] {Threei} hmmm
[15:21] {Threei} HIG stopped following FAS up
[15:22] {Threei} server hiccup?
[15:22] {nemo} i'm fine
[15:22] {fernp} me too
[15:22] {nemo} connection wise
[15:22] {Threei} 9 people got dumped at the same time
[15:27] {Threei} they return
[15:27] {nemo} Hah! Lord Vader you have Capt. Kirk to contend with...
[15:28] {jfjf64} is this a wedge hig
[15:28] {Threei} it makes meaningless momvements here,
[15:29] {Threei} market/FAS next move will define whast HIG does,
[15:29] {nemo} or to be grammatically correct... with whom to contend. Well, off for the day...sayonara
[15:29] {Threei} with downward bias most likely
[15:29] {Threei} take care nemo
[15:29] {jfjf64} ty
[15:29] {nemo} Take it any way I can get it :)
[15:30] {vinod} nemo-you had it right i said at 8.00 a.m market will do down
[15:31] {dino} wrld s .16
[15:33] {Threei} wow
[15:33] {Threei} little did I know typing "downward bias" eh?
[15:34] {jfjf64} hmm
[15:35] {jfjf64} all day follow fas
[15:38] {Threei} I even prepared alert typed
[15:38] {Threei} if market breaks down, HIG .90 short
[15:39] {Threei} and refrained
[15:40] {dino} bstop wrld to b/e
[15:41] {fernp} have to go. good evening all. see you tomorrow
[15:41] {dino} to .12
[15:41] {dino} cya fernp
[15:41] {Threei} take care fern
[15:45] {dino} cov .12 +.04
[15:47] {jfjf64} good night all nice day ty
[15:48] {Threei} wait jf
[15:48] {Threei} I need to show you this guys
[15:48] {dino} cya jf
[15:48] {jfjf64} here
[15:48] {Threei} Eighty-four percent (84%) of Americans say English should be the official language of the United States.
[15:48] {Threei} I have a queatikon
[15:48] {Threei} why is it even a subject of syrvey??
[15:49] {Threei} Eighty-one percent (81%) say a U.S. company should be allowed to require employees to speak English on the job
[15:49] {Threei} ???
[15:50] {Threei} that's so weird
[15:50] {jfjf64} crazy
[15:51] {Threei} volume is fairly questionable today
[15:51] {Threei} although buying looked quite sustainable
[15:52] {Threei} shrug
[15:52] {Threei} no predictions, taking it day by day
[15:56] {Threei} okay guys, nice day today
[15:56] {Threei} as always... market changes, takes us a day or two to adapt, then we restore our wining streak
[15:56] {dino} wrld s .20 sm
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening
[15:57] {Threei} see you tomorrow
[15:58] {dino} take care vad
[16:00] {magoo} ty all

Wednesday, May 13, 2009

May 13 2009

Overnight hold on VNDA worked like charm; so did HIG long and COIN long prepared from yesterday and called today. Second half of the day was boring and empty, but morning gave us all we needed.

Session Time: Wed May 13 00:00:00 2009

[08:01] {magoo} mornink comrades
[08:02] {Threei}  good morning
[08:04] {Threei}  VNDA baby
[08:04] {magoo} u didnt hold over nite did u?
[08:05] {nemo} yes he did
[08:05] {Threei}  I did
[08:05] {magoo} thats a widow maker
[08:05] {Threei}  I alerted from the get go that it was a hold for me unless resolves before day's end
[08:05] {Threei}  sold part at 11.45
06[08:05] * nemo slaps Threei around a bit with a large roll of gold dubloons
[08:06] {Threei}  got last 300 shares, trying to ofer them at 11.90 but will exit for less if wind changes
[08:07] {Threei}  with 10.80 entry price and partial for 65 cents profit, that was as close to calculated risk as yu can get
[08:08] {Threei}  if 11.38 melts, will dump 100 more into it keeping last 200
[08:10] {Threei}  lol, no chance
[08:10] {nemo} what "no chance"?
[08:11] {Threei}  [08:08] {Threei} if 11.38 melts, will dump 100 more into it keeping last 200
[08:14] {Threei}  sheesh... who bought 61 share from me at .45?
[08:16] {magoo} i did lol
[08:16] {Threei}  sigh
[08:16] {Threei}  want 39 more?? :)
[08:21] {Threei}  ok... sold that odd leftover at .63
[08:22] {Threei}  200 left
[08:22] {magoo} that does it..........................
06[08:22] * magoo slaps Threei around a bit with a large trout
[08:22] {Threei}  I take it as congratulations and expression of envy
[08:26] {Threei}  100 more at .75
[08:26] {Threei}  that's +.95
[08:26] {Threei}  last 100 left
[08:26] {nemo} how'd you miss those .87s
[08:27] {Threei}  there was no bid, and I haven't offered there
[08:30] {Threei}  APR ADVANCE RETAIL SALES: -0.4% V 0.0%E; EX AUTOS: -0.5% V 0.2%E
[08:30] {Threei}  PR IMPORT PRICE INDEX M/M: 1.6% V 0.6%E; Y/Y: -16.3% V -16.8%E
[08:31] {nemo} that put a damper on things
[08:34] {magoo} vad..understood we need to wait -n-see..but working theory for today??
[08:35] {Threei}  none yet
[08:35] {pita} gm all
[08:36] {Threei}  pita :)
[08:39] {magoo} day for the coveted FAZ play vad??
[08:39] {Threei}  mags, when I say I havce no comments yet... are you going to press me for answer until I give you any?
[08:40] {magoo} thats hardly a press :)
[08:40] {cosmo} sounds like good reporting to me
[08:40] {magoo} cranky even after making dough
[08:40] {cosmo} good press
[08:40] {fernp} good morning all
[08:40] {Threei}  fern :)
[08:40] {Threei}  I wasn't reading the market yesterday well,
[08:40] {Threei}  you know what I do when I am not in the tune?
[08:41] {Threei}  I decrease activity
[08:41] {Threei}  not push harder
[08:41] {cosmo} MDCO wants to heal i think
[08:45] {cosmo} ... i thot
[08:45] {Threei}  OCC'S DUGAN: SEEING LOSSES RISING FOR CREDIT CARD; ENCOURAGED THAT BANKS WERE ABLE TO RAISE CAPITAL AFTER STRESS TESTS - CNBC INTERVIEW
[08:46] {Threei}  so, they already raised it?
[08:46] {Threei}  out last partion VNDA 11.50
[08:46] {Threei}  done with it for now
[08:56] {Threei}  RIMM
[08:56] {Threei}  PRICE TARGET RAISED TO $95 FROM $80 AT CARIS, MAINTAINS BUY RATING
[08:59] {Threei}  magoo
[08:59] {Threei}  feel like premarket gamble?
[08:59] {Threei}  FAS .20 break long with stop under .10
[08:59] {dptl} good morning all
[08:59] {Threei}  dp :)
[09:01] {KSystems} pooping kittys maybe
[09:01] {magoo} u in it vad?
[09:02] {Threei}  only when those become market-changing event, KS
[09:02] {Threei}  it didn't break yet magoo
[09:02] {magoo} timmy  on tv cnbc
[09:02] {Threei}  and no, I had my fix of gambling with VNDA overnight
[09:02] {KSystems} choking chickens
[09:02] {ese} good morning
[09:02] {KSystems} hi ese
[09:02] {Threei}  ese :)
[09:03] {ese} ksys...vad
[09:04] {Threei}  ?
[09:05] {Threei}  FAS 1:1
[09:05] {Threei}  ROCHDALE INITIATES STT WITH BUY, PRICE TARGET: $52
[09:05] {tomg} ty vad
06[09:06] * Threei adds tom to the list of gamblers
[09:06] {tomg} :)
[09:06] {Threei}  magoo didn't take it?
06[09:06] * Threei crosses magoo out of the gamblers list
[09:06] {magoo} no..went for coffee..sigh
[09:07] {Threei}  hmmm
[09:07] {magoo} been trying to get off that list for years
[09:07] {Threei}  you wanted it, it was within 1 cent from trigger and you went for coffee?
[09:07] {dino} gm all
[09:07] {Threei}  that's the most laid back attitude I've ever seen in traders
[09:07] {Threei}  dino :)
[09:08] {magoo} why ty
[09:08] {vinod} good morning to all
[09:08] {Threei}  vinod :)
[09:08] {vinod} good morning to all
[09:08] {Threei}  vinod :)
[09:12] {Threei}  I am afraid we won't see larisa anymore
[09:12] {magoo} huh?
[09:13] {Threei}  she went for all or nothing play on VNDA with purpose of retirement
[09:14] {Threei}  [13:58] {larisa} bought 100K of VNDA, want to retire in the evening :)
[09:14] {Threei}  look for her somewhere on hawaiian beach
[09:18] {jfjf64} mornin all
[09:18] {Threei}  jf :)
[09:22] {Threei}  (US) TREASURY SEC GEITHNER: A SAFER BANKING SYSTEM WILL REQUIRE LOTS OF CHANGES - Q&A
[09:22] {Threei}  {EUR/USD XLF}
[09:22] {Threei}  duh
[09:24] {cosmo} i need to see indictments
[09:25] {cosmo} like in the late 1980's with RTC
[09:25] {dino} imo watch 5s and 0s
[09:26] {dino} not this time cos, keeping their jobs, companies, and bonuses
[09:26] {cosmo} sigh
[09:26] {dino} "failure" may hurt their feelings
[09:26] {dino} the handling of this is a joke!
[09:27] {cosmo} this is not america...
[09:27] {dino} ok done ranting
[09:27] {dino} opts. exp fri, watch the 5s and 0s
[09:27] {Threei}  told you larisa has retired... why did I ever mentioned VNDA
[09:28] {Threei}  did mentioned.... nice grammmar there
[09:30] {Threei}  watching HIG
[09:31] {Threei}  one more sharp leg down and I'll be interested
[09:33] {dino} aipc stop to .48 from yesterday
[09:33] {dino} to .60
[09:34] {dino} to .66
[09:34] {dino} out major slip ave .59, +.59
[09:35] {dino} holx stopped -.02 holdover
[09:35] {nemo} rimm holding well
[09:35] {dino} ok, all clear
[09:37] {dino} next gaps far away, 4/28; 8016, 1361, 855
[09:37] {Threei}  JNPR
[09:37] {Threei}  watching pullback
[09:38] {nemo} wfc
[09:38] {Threei}  .60 zone will probably be interesting on JNPR
[09:40] {Threei}  HIG is almost ready
[09:40] {fernp} shorted at .39
[09:41] {fernp} out here
[09:41] {Threei}  :)
[09:41] {Threei}  .10 long if stays above 13
[09:42] {dptl} in
[09:42] {Threei}  1:1
[09:43] {dptl} half out
[09:43] {Threei}  and over
[09:43] {tomg} ty vad
[09:43] {Threei}  welcome
[09:43] {Threei}  good timing on cover, fern
[09:43] {fernp} yeah
[09:44] {dptl} more .27
[09:44] {dino} pru gap fill
[09:45] {Threei}  here is somewhat unusual trading idea guys
[09:45] {Threei}  kind of hybrid play
[09:46] {Threei}  COIN
[09:46] {Threei}  long on 2 break,
[09:46] {Threei}  stop is rather in a scalping fashion, under 1.90
[09:46] {ese} theres a name we haven't seen for a while
[09:46] {Threei}  profit target hiwever is more of a swing nature
[09:46] {Threei}  nearest resistance is 2.20
[09:47] {dptl} out more .35 hig ty
[09:47] {nemo} not 2.14 from yesterday?
[09:47] {Threei}  if gets there you'll have to decide between partialing or holding whole thing for bigger run
[09:47] {Threei}  wtg dp
[09:47] {Threei}  why 2.14?
[09:47] {dino} schw gap fill
[09:47] {Threei}  yest high 2.20
[09:47] {ese} dino HMSY......was down 3 bills to start has climbed back
[09:48] {ese} ahhh forget it....volume too thin
[09:49] {dptl} all out .47 hig ty ty
[09:49] {Threei}  welcome... go home
[09:50] {dptl} :)
[09:50] {jfjf64} ty vad
[09:50] {vinod} now i am out hig 13.51
[09:50] {Threei}  jf :)
[09:50] {Threei}  good job guys
[09:50] {wulff} still hard for me to sell into strength
[09:50] {Threei}  hmmm
[09:51] {Threei}  what is it you want to sell into?? :)
[09:51] {wulff} I know, stupid
[09:51] {Threei}  think of it this way:
[09:51] {Threei}  sell when you can - not when you must
[09:51] {wulff} The more I do, the smarter I feel
[09:52] {Threei}  argh
[09:53] {Threei}  got distracted, missed JNPR
[09:53] {dino} mygn sm l ..89
[09:56] {ese} l mygn .80
[09:56] {ese} i'm with ya dino
[09:57] {ese} stop .69
[09:58] {Threei}  COIN
[09:58] {dino} idcc l .05
[09:58] {Threei}  half out for those who want to be on a safe side
[09:58] {Threei}  me out half .30
[09:59] {dptl} you 'll be laughfing ..but i only managed to get 100 shares on coin..out +.30 ty
[09:59] {Threei}  2100 shares?
[09:59] {Threei}  please, whatever you do - do NOT, I reapeat do not spend it all at once
[09:59] {Threei}  100 sorry
[09:59] {wulff} FITB +.30
[09:59] {dptl} 100 yes lol...
[10:00] {ese} out mygn .97 
[10:00] {Threei}  because if you do, you will cause hyperinflation
[10:00] {Threei}  singlehandedly
[10:00] {ese} tks dino +.17
[10:01] {Threei}  anyone else COIN??
[10:01] {ese} wheres your stop on mygn dino
[10:01] {Threei}  come on guys, cheap stock, 1:3 in minutes
[10:02] {tomg} i'm still in it vad
06[10:02] * Threei removes himself to remote monastery in Tibet mountains
[10:02] {Threei}  awww tom
[10:02] {Threei}  do I have tio return from Tibet now? :(
[10:02] {tomg} sorry :)
[10:02] {Threei}  you took half?
[10:02] {tomg} yes
[10:02] {Threei}  good
[10:02] {Threei}  spike is too fast
[10:02] {ese} when did you all get in COIN
[10:03] {Threei}  gotta feed them while they are quacking
[10:03] {tomg} get out here?
[10:03] {nemo} volumes dropping
[10:03] {Threei}  scroll up to 9.45, ese...
[10:03] {ese} dndn going nuts
[10:03] {Threei}  if you have enough shares, take 1/4 more tom
[10:04] {Threei}  DNDN
[10:04] {Threei}  HEARING VAGUE CHATTER AZN CONSIDERING A CAPITAL INFUSION FOR THE COMPANY
[10:04] {Threei}  - Size rumored in excess of $1.3B
[10:04] {tomg} ok
[10:04] {dino} idcc stopped -.11
[10:04] {ese} dino tks for mygn 
[10:05] {dino} watching pnra, bwld, holx, layn, rick
[10:07] {dino} np
[10:08] {Threei}  COIN stop to 2.15 for the balance
[10:09] {Threei}  watch HBAN
[10:09] {Threei}  it seems to be moving with some delay vs FAS
[10:10] {Threei}  when FAS stages strong move, HBAN gives a window of opportunity for entry before following
[10:11] {dino} schw l .,65
[10:12] {Threei}  idea of the play would be: FAS just spiked into .30, HBAN moved to .65; FAS retreated, HBAN stayed put. Now if FAS spikes again, buy .65 break on HBAN
[10:12] {Threei}  with stop under .60
[10:12] {dino} holx l .00
[10:12] {Threei}  no FAS spike yet
[10:13] {Threei}  don't enter on "accidental" uptick, you want to see strong leadership by FAS
[10:14] {magoo} in hban
[10:15] {fernp} out ty
[10:15] {Threei}  good reflexes guys
[10:15] {Threei}  glad you are getting these plays where I can mostly give scenario rather than exact call
[10:16] {chinggis} out hban +.08 ty vad
[10:16] {Threei}  :)
[10:16] {Threei}  HBAN is ese play
[10:16] {Threei}  many little buggers, scalp type I
[10:16] {Threei}  watch how perfectly it moves in unison with FAS
[10:17] {ese} was just looking at that hban....
[10:17] {Threei}  just? I am talking about it for the last 10 minutes :)
[10:18] {ese} have been on the phone to disneyland
[10:18] {ese} was looking at fas more....i like the higher double bottom on fas
[10:18] {Threei}  what the deuce... people retire left and right
[10:19] {Threei}  larisa earlier, ese now... I will be alone here in a few months
[10:19] {Threei}  maybe magoo will stay, mostly for the trout
[10:19] {ese} nope!!!! i'll be with you for a while vad ....
[10:20] {ese} l fas .23
[10:20] {ese} speaking of for a while
[10:21] {ese} have had a shiskabob bash at your place for a while
[10:21] {ese} haven't
[10:21] {Threei}  guess who is on TV
[10:21] {fernp} mickey mouse?
[10:22] {ese} ?
[10:22] {Threei}  lord, give me strength not to answer that... {G}
[10:22] {fernp} lol
[10:22] {Threei}  :)
[10:22] {Threei}  president, ese
[10:23] {ese} as long as he influences fas to go up.....i'm ok with it
[10:23] {nemo} coin still going
[10:23] {ese} it's goin down
[10:24] {Threei}  beautiful play
[10:24] {nemo} ese, why would fas go up when the prez is speaking?
[10:24] {ese} wishful thinking
[10:24] {ese} heading up now
[10:24] {Threei}  combination of scalping size stop and swing trade size of wins
[10:25] {Threei}  what else can you ask for
[10:25] {nemo} Jessica Biel
[10:25] {magoo} jessica alba :)
[10:26] {ese} either
[10:26] {nemo} haha both
[10:26] {magoo} both
[10:30] {ese} come on fas..........
[10:30] {Threei}  *DOE CRUDE: -4.7M V +1.1ME
[10:30] {Threei}  GASOLINE: -4.1M V +500KE; DISTILLATE:+1M V +1.2ME; CAPACITY UTILIZATION: 83.7% V 85.6%E
[10:30] {ese} daaaaaa....
[10:30] {Threei}  - Distillate demand +180K bpd to 3.625MM bpd
[10:30] {Threei}  - Gasoline demand -12K bpd to 8.91M bpd{USO OIH}
[10:31] {Threei}  (US) HOUSE FINANCIAL SERVICES PANEL: SETS MAY 19 FOR HEARING TO REVEWI CREDIT RATING OPERATIONS
[10:31] {Threei}  {MCO FIM.FR MORN MHP}
[10:35] {ese} daaaaaaa
[10:36] {magoo} out hban .,73
[10:36] {magoo} ty vad
[10:36] {Threei}  sure
[10:36] {dino} mygn to .19
[10:36] {chinggis} any read on GE vad?
[10:37] {Threei}  I am not inclined to short it chinggis... on a long side it's kind of:
[10:37] {Threei}  gotta see financials seriously recovering,
[10:37] {dino} pnra sm l .58
[10:38] {Threei}  then 13.10 break with stop nder 13 could become a play
[10:38] {chinggis} ok ty 
[10:38] {magoo} RIMM bounce area vad?
[10:38] {chinggis} ok ty
[10:39] {Threei}  can't tell really on RIMM
[10:39] {Threei}  I am not delighted
[10:39] {Threei}  VNDA is holding amazingly well
[10:39] {Threei}  again
[10:39] {dino} idcc sm l .15
[10:40] {tomg} vad, i have to leave for the day. keep coin stop at 2.15?
[10:40] {Threei}  I do
[10:41] {Threei}  sizeable profit on 3/4 is taken
[10:41] {Threei}  last part is nicely protected
[10:41] {Threei}  why not leave it a bit of breathing room
[10:41] {tomg} ok, ty, nice day see you tomorrow
[10:41] {Threei}  take care tom
[10:42] {tomg} :)
[10:42] {Threei}  if you see larisa on the beach, say hello
[10:42] {tomg} ok :)
[10:43] {dino} out mygn reverse slip, .23, +.35
[10:46] {nemo} jnpr heading for DB?
[10:47] {Threei}  doesn't look that way to me
[10:47] {Threei}  rather breakdown
[10:49] {dino} aipc drop
[10:51] {nemo} jnpr following behind RIMM?
[10:52] {dino} aipc sm l .10 wide jumpy
[10:52] {Threei}  way too narrow to use as a follower
[10:53] {Threei}  RIMM bounced 50 cents, JNPR 6
[10:55] {chinggis} MDCO
[10:55] {Threei}  JNPR starts looking like shirt on breakdown
[10:56] {nemo} short sleeve?
[10:57] {Threei}  if market continues down, .28 short trigger
[10:57] {Threei}  stop above .35
[10:59] {dino} aipc stop to .65
[11:00] {dino} mygn pullback, want around .70
[11:00] {dino} aipc to .69
[11:00] {Threei}  AIG
[11:00] {Threei}  LIDDY: SEES REPAYMENT OF US GOV FUNDS IN 3-5 YEAR TIME FRAME IF THE ECONOMY ALLOWS
[11:00] {Threei}  - AIG making repayments may take longer if economy declines
[11:00] {Threei}  - Financial products arm is continuing to reduce its risky positions
[11:01] {nemo} break of .28 or .28?
[11:01] {Threei}  low is .29
[11:01] {nemo} yes
[11:01] {Threei}  break of it means .28 is trigger
[11:01] {nemo} kewl
[11:02] {dino} eyes on intc, txn
[11:02] {dino} titn
[11:02] {dino} out aipc .69, +.59
[11:03] {Threei}  interesting...
[11:03] {nemo} in
[11:03] {Threei}  JNPR's downticking even as NQ goes up
[11:03] {Threei}  unless shakes out, should be a good one when NQ reverses
[11:03] {dino} hmmm, i was pondering the same............not!
[11:04] {dptl} ok in jnpr
[11:06] {ese} stopped fas .00 -.23
[11:06] {ese} daaaaaaaa
[11:07] {Threei}  okay JNPR... market helps, why don't you roll over and dies
[11:07] {Threei}  -s
[11:08] {dino} whoosh down coming, gut
[11:15] {pita} gotta go, good huntimg everyone
[11:15] {Threei}  take care pita
[11:15] {nemo} frickin jnpr.  Rimm's already rolled over
[11:17] {dino} aipc drop again
[11:17] {dino} cya pita
[11:19] {nemo} it touched 1:1 should we move to be
[11:19] {dino} ndx -6% in week
[11:20] {nemo} out
[11:20] {dptl} stopped jnpr
[11:20] {ese} L fas.01
[11:21] {Threei}  dp... didn't it touch 1:1?
[11:22] {dptl} breifgly yes but didn't get out
[11:22] {Threei}  redardless of whether you chose to cover or not, stop should have been trailed to above breakeven, no?
[11:22] {nemo} that's what I asked
[11:22] {dptl} yes my mistake
[11:22] {Threei}  this is routine
[11:22] {nemo} stopped at original stop...well actually additional 03
[11:23] {Threei}  we do it always - unless there is some distinction, which I would highlight
[11:24] {dino} mygn sm l .70
[11:28] {dino} 3i (ike) either get to fighting (trading) or get out of here...tombstone
[11:29] {Threei}  huh?
[11:29] {nemo} I'll be your Huckleberry
[11:29] {magoo} your a daisy if u do
[11:30] {jfjf64} what  ever  ya  guys  drinkin  ill hv  one
[11:30] {dino} thats ok, i have two guns one for each of ya
[11:30] {Threei}  or smoking
[11:30] {nemo} That's alright, 600 yards is close enough for me
[11:30] {magoo} {ike}i'll sdee u soon.i'll see u soon
[11:31] {nemo} lunger
[11:31] {magoo} dont any of u have the guts to play for blood?{ringo}
[11:31] {dino} you tell them i'm coming and hell's coming w/me
[11:32] {magoo} {wyatt}i cant beat him can i?..{doc} no
[11:32] {Threei}  I am back to that monastery
[11:33] {nemo} And you must be Ringo. Look, darling, Johnny Ringo. The deadliest pistoleer since Wild Bill, they say. What do you think, darling? Should I hate him? 
[11:33] {nemo} Kate: You don't even know him. 
[11:34] {patience} aliens are taking over people in the room vad
[11:35] {nemo} It appears my hypocrisy knows no bounds
[11:35] {dino} lol
[11:35] {Threei}  totally
[11:36] {magoo} it appears jonnies an educated man...now i really hate him
[11:36] {nemo} n pace requiescat
[11:37] {dino} appears nemo is too
[11:37] {nemo} I have not yet begun to defile myself
[11:38] {nemo} nah...just saw the movie couple hundred times
[11:39] {dino} same
[11:39] {vinod} vad-your take on FAZ if it breaks 6.00
[11:40] {dino} holx to .02
[11:40] {Threei}  worth a try...
[11:40] {Threei}  .90 support, so stop under it
[11:40] {vinod} thanks
[11:41] {dino} seems gut was right
[11:42] {vinod} stop at 5.87 2k
[11:42] {nemo} jpr hit 1:1 :)
[11:44] {dino} -3% dji, =6% ndx, -4.5% s/p from late last week
[11:44] {dino} holx stopped +.02
[11:47] {dino} watching aipc
[11:47] {dino} titn too
[11:49] {dino} afam
[11:49] {Threei}  look at VNDA
[11:50] {Threei}  12.50 and higher in its future or I am hallucinationg?
[11:50] {Threei}  low block
[11:55] {dino} layn l .09
[11:56] {dino} sm'
[12:00] {Threei}  activity died
[12:01] {magoo} actually..just starting now
[12:04] {Threei}  mags...
[12:05] {Threei}  I amtaking about market activity..
[12:05] {Threei}  not browsing questionable sites activity
[12:11] {magoo} whenrever i go to porn mkts go up vad ..lol
[12:11] {magoo} i dont like  doing it
[12:11] {magoo} but do it for the team
[12:11] {Threei}  but you must
[12:13] {Threei}  if yesterday repeats, we are about to start slow recovery
[12:14] {ese} out fas .16 +.16  
[12:17] {dino} gj
[12:20] {ese} tks......just back to even on that one
[12:27] {chinggis} Vad fitb 7.20 shortable?
[12:28] {Threei}  with FAS downticking, worth a try, yes
[12:28] {chinggis} ok ty 
[12:29] {Threei}  it's a bit weaker than FAS, so you need FAS either drop;pong or at least staying put; don;t short against FAS going up though
[12:29] {chinggis} ok thank you
[12:32] {chinggis} s fitb
[12:32] {chinggis} .19
[12:33] {Threei}  last bounce topped out at .26
[12:33] {Threei}  so if you are very stingy, that would be a resistance to place stop
[12:34] {nemo} s jnpr?
[12:34] {Threei}  why?
[12:34] {nemo} weakness in q's couldn't breach previous highs
[12:35] {Threei}  I don't see aany chart indications
[12:35] {nemo} ty
[12:35] {dino} out layn .33 +.24
[12:37] {chinggis} covered fitb .14 ty vad
[12:37] {Threei}  what for... you found the play, you executed it... I can take a credit if you insist of course...
[12:38] {Threei}  1:1 here ar .12
[12:38] {Threei}  notice how it worked btw
[12:38] {Threei}  just as we thought:
[12:38] {Threei}  FITB dropped with each FAS downticks or when FAS didn't do anything
[12:39] {chinggis} u gave me FAS correlation, that was very helpful
[12:39] {Threei}  and paused and upticked faintly while FAS went up
[12:39] {chinggis} yes
[12:42] {nemo} headed out might not get back...happy hunting
[12:43] {Threei}  take care nemo
[12:43] {Threei}  FITB 1:1 for more roomy stop abpve .30
[12:43] {Threei}  nice find chinggis
[12:43] {chinggis} ty
[12:45] {jfjf64} faz 6.00
[12:46] {jfjf64} cant  get threw
[13:03] {dino} lod's
[13:06] {Threei}  CONGRESSIONAL AIDE: US REGULATORS WILL MAKE AN ANNOUNCEMENT ON OTC DERIVATIVES REGULATION AT 4:00PMET
[13:06] {Threei}  - Plan would require clearing standardized OTC derivatives and permit CFTC to place limits on derivatives that affected price discovery.{ICE NYX NDAQ}
[13:12] {Threei}  FAZ reached 1:1... very labored move
[13:22] {magoo} .
[13:22] {magoo} ..
[13:24] {dino} partial l layn .02
[13:50] {jfjf64} what  ya  thoughts  last 2  hrs   vad
[13:51] {ese} intc fine really had a big impact didn't it?
[13:51] {ese} it's dn .02
[13:51] {Threei}  thoughts?
[13:51] {Threei}  kidding?
[13:51] {Threei}  I haven't had any in years
[13:51] {jfjf64} lol
[13:51] {ese} funny
[13:52] {Threei}  I almost had to have one when came up with new topic for today
[13:52] {Threei}  but lucked out
[13:52] {ese} this will hurt AMD alot more for whineing.....it makes there business look weak
[13:53] {ese} in that the only way they can compete is through the courts
[13:53] {ese} INTC +.03
[13:55] {dino} fcsx
[13:57] {ese} ese interpretation of ruling in favor of AMD....."now go away.....you got your judgement in favor now don't bug us anymore....we'll catch you in bankrupcy court"
[13:57] {Threei}  I don't see news on FCSX
[13:58] {ese} Outta here all see you tomorrow....
[13:58] {Threei}  take care ese
[13:58] {jfjf64} later
[13:58] {ese} see ya vad
[14:00] {dino} nor do i fcsx
[14:00] {jfjf64} fas  fightin  at 9.00
[14:35] {dino} amzn
[14:38] {Threei}  (US) FED SPOKESPERSON: FED MAY ISSUE PROPOSALS ON BANK COMPENSATION PRACTICES IN NEXT FEW MONTHS
[14:38] {Threei}  - Notes the Fed will use its authority to promote practices that reduce incentives for behaviors that create systemic risk.
[14:38] {Threei}  - Earlier today, the WSJ reported that the US govt is eyeing an overhaul of banking compensation practices that could effect compensation across the board, not just at firms that took TARP or other govt funds.
[14:40] {Threei}  wow
[14:40] {Threei}  this is more boring that Friday afternoon in August
[14:52] {dino}   indeed sir
[14:54] {vinod} My faz is going no where since I got in morning
[14:55] {vinod} I tok stip out since i was going away 
[14:58] {dino} aipc to 25 strike
[15:11] {dino} right to it and big bounce
[15:13] {nemo} what I miss?
[15:13] {dino} out layn .05 +.03
[15:13] {nemo} well, if that's it...
[15:13] {Threei}  FITB short found by chinggis... and two hours of heaslthy sleep
[15:30] {dptl} i think i gonna call it a day...ty and .have a good evening all :)
[15:30] {vinod} me too have a good evening
[15:30] {Threei}  take care dp
[15:30] {dino} titn l .51 stop .39
[15:32] {dino} make stop .44
[15:35] {nemo} shhhhhhh...don't wake vad....
[15:38] {dino} arst l .33
[15:38] {dino} stop .23
[15:45] {Threei}  VNDA is chewing through
[15:48] {dino} titn stopped slip, .42-.09
[15:50] {dino} aipc l .60
[15:50] {Threei}  [11:49] {Threei} look at VNDA
[15:50] {Threei}  [11:50] {Threei} 12.50 and higher in its future or I am hallucinationg?
[15:51] {nemo} you need to have more hallucinations
[15:51] {Threei}  I would but you guys wake me up all the time
[15:51] {dino} arst stopped
[15:52] {nemo} sleeping they're dreams.  You hve to be awake to hallucinate...minor detail
[15:52] {nemo} my psychiatrist told me
[15:52] {Threei}  not by me
[15:53] {Threei}  I perfectly function in my sleep
[15:53] {Threei}  that includes hallucinating
[15:53] {dino} aipc to .78
[15:54] {dino} out +.18
[15:55] {dino} way soon
[15:58] {Threei}  wow
[15:58] {Threei}  impressive
[15:58] {Threei}  this thing squeezes hard
[16:00] {Threei}  okay guys, thank you all
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {nemo} nite

Tuesday, May 12, 2009

May 12 2009

The day started off the wrong foot as I misread the market. The idea to skip morning breaks and wait for pullback was only partially right, as pullnbacks didn't offer much and stopped us out before any worthy potential could be realized. Second part ofd the day was much brighter with wel-timed casll on recovery. HBAN long and especially VNDA helped make the day brighter.

Session Time: Tue May 12 00:00:00 2009

[08:08] {magoo} morning
[08:09] {nemo} mags :)
[08:09] {nemo} How's your back?
[08:09] {magoo} u mean ankle??
[08:10] {nemo} no, back...Since your walking is screwed up by your ankle I was wondering how your back was
[08:10] {Threei}  may I bring you good news this fine morning:
[08:10] {Threei}  PRICE TARGET RAISED TO $200 BY ANALYST AT ROCHDALE SECURITIES (TIMING UNCERTAIN)
[08:10] {Threei}  GS
[08:11] {nemo} "timing uncertain"
[08:11] {Threei}  that's very philosophical addition to upgrades and downgrades
[08:11] {Threei}  BALTIC DRY BULK INDEX 1.7% (8TH CONSECUTIVE RISE)
[08:12] {magoo} morn vad
[08:12] {magoo} look STEC
[08:12] {Threei}  beat earnings, got upgrade with 15 target
[08:13] {cosmo} STEC..... "timing uncertain"
[08:16] {nemo} original cosmo :)
[08:22] {Threei}  VNDA again
[08:22] {magoo} stec..uncertain..heck it was 14 already..15 tyoday prob
[08:30] {Threei}  (US) MAR TRADE BALANCE: -27.6B$ V -$29.0BE
[08:33] {Threei}  F
[08:33] {Threei}  EUROPEAN APRIL SALES -7.4% Y/Y
[08:33] {Threei}  -7.4?
[08:33] {Threei}  it's nothing
[08:33] {larisa} good morning
[08:34] {nemo} larry :)
[08:34] {Threei}  larisa :)
[08:34] {larisa} nemo, vad :)
[08:35] {lamant} good morning :) i'm new to here
06[08:35] * nemo slaps lamant around a bit with a large trout
[08:36] {magoo} morning lamant:)
[08:36] {Threei}  lamant :)
[08:40] {pita} gm all
[08:40] {Threei}  pita
[08:40] {nemo} pita :)
[08:43] {pita} hi memo
[08:44] {magoo} vad..working theories at this stage?
[08:44] {Threei}  still looking around
[08:44] {Threei}  frikin FTBK
[08:45] {nemo} mbi
[08:45] {Threei}  takes the FITB's torch
[08:45] {magoo} no i meant..we had shalow pullbk..thoughts here
[08:45] {Threei}  HBAN is quite strong too
[08:46] {Threei}  that's what I mean too
[08:46] {nemo} that trade deficit umber seems to have goose the futures a tad
[08:48] {fernp} Hello everybody
[08:48] {Threei}  fern :)
[08:52] {ese} morning
[08:52] {nemo} ese :)
[08:52] {Threei}  ese :)
[08:53] {Threei}  ese... keep an eye on FTBK as candidate to replace your FITB atm
[08:53] {ese} tks vad will do.....
[08:54] {nemo} funny I was thinking the same thing....I can see ese now "20000 of the little buggers"
[08:54] {Threei}  it trades a bit differently, more volatility
[08:54] {Threei}  so keep "buggers" amount reasonable until you get a feel for it
[08:54] {nemo} or you'll get "buggered"
[08:54] {ese} tks
[08:55] {nemo} ese dcc
[08:55] {dptl} good morning all
[08:56] {nemo} dp :)
[08:56] {Threei}  dp :)
[08:56] {ese} one of the reasons for trading fitb was the fact that it does over 10,000,000 daily....most of my trading is done on stocks that averge minimum 10 mill a day
[08:56] {ese} dp
[08:56] {ese} they may move against me but not by very much
[09:02] {dino} gm all, turnaround tuesday
[09:02] {Threei}  dino :)
[09:12] {cosmo} STEC pre mkt high = 14.20 ... just in case
[09:12] {Threei}  BERNSTEIN INITIATES BRCD WITH OUTPERFORM, PRICE TARGET: $7.50
[09:18] {vinod} good morning
[09:18] {Threei}  vinod :)
[09:18] {nemo} vino :)
[09:18] {ese} another major pullback in DRYS should be over soon
[09:18] {nemo} wfc gave back everything from this morning
[09:19] {jfjf64} mornin all
[09:19] {nemo} jf :)
[09:20] {ese} jf
[09:20] {Threei}  jf :)
[09:20] {cosmo} DRYS pre mkt high = 7.24  
[09:21] {cosmo} ... so far
[09:22] {Threei}  my inclinations are on a long side for the opening plays
[09:22] {Threei}  WFC, FTBK
[09:23] {Threei}  26.50 is WFC's support so far
[09:24] {ese} someone take a look at the volume  on the faz daily.......would you interpret that as a wack of short positions being taken on the financials
[09:25] {Threei}  that's one part ese,
[09:25] {Threei}  another is:
[09:26] {Threei}  as it drops it attracts a lot of those who believe in pullback on financials, and at the same time it becomes cheaper so players can afford more
[09:27] {ese} hmmmm
[09:27] {Threei}  if we had dollar volume it would be more objective
[09:27] {ese} yes
[09:28] {ese} seems like it really hit a low at 4:40 yesterday
[09:29] {ese} sorry the day before
[09:29] {Threei}  FTBK, watch for sharp drop at the open
[09:30] {Threei}  if does it, it's a buy
[09:30] {Threei}  not delighted by 3 break at this point
[09:31] {Threei}  WFC, watch for pullback to .60 - .70
[09:33] {Threei}  come on WFC
[09:33] {dino} aipc, ctrp
[09:34] {nemo} lota support at .75 on WFC
[09:34] {nemo} lotta"
[09:35] {ese} am onto aipc dino
[09:36] {nemo} in nomine patre
[09:36] {Threei}  ok
[09:36] {Threei}  watch FAS
[09:36] {Threei}  as a clue for WFC bounce
[09:38] {ese} hmmm aipc number not bad dino
[09:38] {Threei}  .40 cross back long
[09:38] {Threei}  stop under .30
[09:38] {dptl} in
[09:38] {nemo} in
[09:38] {magoo} in
[09:39] {magoo} out .45
[09:39] {magoo} actually .46
[09:39] {nemo} stopped
[09:40] {magoo} + .07
[09:40] {magoo} scalp
[09:40] {fernp} stopped
[09:40] {cosmo} DRYS holding 7 it seems
[09:40] {magoo} i hate drys 
[09:40] {cosmo} sigh... and then i kill it...
[09:41] {dino} aipc double bottom
[09:41] {dino} not sure
[09:42] {magoo} l fas .33
[09:42] {magoo} fast
[09:43] {magoo} no work
[09:43] {magoo} stop
[09:45] {cosmo} TWTC
[09:46] {Threei} Long Setup:  WFC  90 break
[09:46] {Threei}  stop under .75
[09:47] {ese} as long as drys doesn't go below 6.66...it'll be ok to play long cas
[09:47] {ese} cos
[09:47] {magoo} in
[09:47] {dptl} in
[09:48] {nemo} in
[09:48] {ese} man my screens turned red in a hury
[09:48] {dino} sm risky l aipc .86
[09:49] {ese} ya just gonna watch you on this one dino......
[09:49] {Threei}  grrr
[09:49] {dptl} wow ..stopped .69
[09:50] {vinod} not lucky today
[09:50] {dino} day is young
[09:50] {vinod} yes
[09:50] {nemo} stops are blowing right through
[09:50] {dino} aipc good report feels like manipulation to 25 strike
[09:50] {vinod} nemo--Last night my wife said I am dumb trader
[09:51] {nemo} what can I tell you...I'm worse, almost to my daily limit
[09:51] {Threei}  FAS can't find the floor so far
[09:51] {ese} yes...mentioned earlier that i thought the numbers were pretty ood for aipc
[09:52] {fernp} HBAN double bottom?
[09:52] {Threei}  .56 would be HBAN long
[09:53] {fernp} ok
[09:53] {Threei}  DNDN
[09:53] {Threei}  CEO: EXPECTING REGULATORY RISK FOR PROVENGE PROSTATE DRUG TO BE 'LOW'
[09:59] {dino} pnra sm l .50
[10:00] {Threei}  MAY IBD/TIPP ECONOMIC OPTIMISM: 48.6 V 51E
[10:01] {ese} L long drys .08
[10:04] {Threei}  I'll wait for .10 break DRYS
[10:04] {fernp} stopped HBAN
[10:06] {dino} pnra stopped -.35
[10:08] {ese} anyone else long drys
[10:09] {Threei}  will on .10 break, ese
[10:10] {ese} ya....i took the agressive entry......market internals are showing up so i think it will break that way
[10:10] {ese} oppps not anymore
[10:10] {dino} don't feel that
[10:11] {Threei}  yeah, quite questionable so far
[10:11] {dino} thurs. gaps filled
[10:11] {Threei}  last week or so morning pullbacks were sure entries
[10:11] {Threei}  not today
[10:11] {Threei}  look at WFC
[10:12] {nemo} arbitrage plays on finnies?
[10:12] {Threei}  ?
[10:13] {nemo} they all sold stock last week at lower prices.  Those who bought selling this week and taking the difference?
[10:13] {ese} was looking a tick up and trin dn dino
[10:13] {dino} over my head
[10:14] {Threei}  that construct makes no sense to me nemo
[10:14] {nemo} issue prices last week were below end of week highs
[10:14] {nemo} flip out of it
[10:15] {Threei}  "they all" - subscribers?
[10:15] {nemo} What I saw of the issues, they were below market at the time
[10:15] {nemo} Why hang around if you can sell it higher.  THe banks are all garbage
[10:16] {Threei}  mnost of them haven't indicated prices, some said already issued and sold, some said will issue and sell
[10:16] {dino} nemo is correct
[10:16] {nemo} Forgive me if I don't trust what they say
[10:16] {dino} they were above issue price, for traders, not institions
[10:16] {Threei}  so it's all just a speculation
[10:16] {Threei}  they said something
[10:17] {Threei}  we have no idea what of that weasd true
[10:17] {nemo} History is merely a fantasy upon which we all agree
[10:17] {Threei}  how do you structure your trade on that?
[10:18] {ese} that would have been better entry for drys.....higher double botom
[10:18] {dino} i'm not trading finies, but they issued lower, so profit taking, keep it simple.who cares
[10:18] {ese} maybe even tripple botom
[10:19] {nemo} I thought that's what I said Dino :)
[10:19] {Threei}  OK... I must try that... WFC 25 break
[10:19] {Threei}  if uncomfortable stay away
[10:20] {dino} you did
[10:21] {Threei}  invalidated
[10:22] {dino} schw l .80
[10:22] {Threei}  a bit too hectic
[10:24] {dino} schw stop to .92
[10:25] {dino} out +.12
[10:26] {Threei}  GERN HEARING STRENGTH BEING ATTRIBUTED TO TAKEOVER CHATTER
[10:27] {Threei}  OK... in WFC on pullback
[10:27] {Threei}  .93
[10:27] {magoo} in 25
[10:27] {dino} gun to the head, retest lod
[10:28] {Threei}  half out .07
[10:28] {Threei}  stop .89
[10:28] {dino} watching txn, schw, wrld, idcc, pnra (want high50s)
[10:29] {dino} intc at 15ish too
[10:30] {Threei}  out balance
[10:30] {Threei}  can you believe that's all avaliable on bounces
[10:30] {magoo} i got it to high
[10:30] {dino} arst
[10:36] {nemo} recross of 25 vad?
[10:36] {Threei}  can't find a firm footing
[10:37] {dino} txn l .75
[10:38] {dino} idcc gap few days ago around 26.90
[10:40] {dino} cpla
[10:40] {Threei}  how abut that, WFC?
[10:41] {nemo} cooked like kfc
[10:41] {dino} pnra approaching target
[10:41] {nemo} market still heading down
[10:42] {nemo} I'm Magooing it...see if it helps
[10:42] {Threei}  yes, but WFC is not making new lows anymore
[10:42] {dino} give it time
[10:43] {Threei}  if FAS starts upticing, next try is probably in order
[10:44] {ese} drys hangin in there in a basically downward pressure market
[10:44] {nemo} well?
[10:45] {ese} well what?
[10:45] {Threei}  you see how fast it moves/
[10:45] {Threei}  ?
[10:46] {Threei}  there is no way I can give you exact entry
[10:46] {nemo} I magooed it and back wondering if change
[10:46] {magoo} makes RIMM look like tyhe hare'
[10:46] {Threei}  FAS broke 9.10, WFC gave a scalpable move
[10:46] {Threei}  but to play this you have to do it watching them, not me
[10:46] {Threei}  by the moment I'll type it play will be over
[10:47] {Threei}  MGM
[10:47] {Threei}  CEO: DEBT EXCHANGE LESS LIKELY DUE TO RECENT INCREASE IN BONDS
[10:49] {ese} this is an odd pattern for drys.....it's either gonna take off or i'm gonna loose a crap load of money
[10:49] {dino} idcc l ave .18
[10:50] {nemo} had my broken clock moment
[10:50] {ese} how so
[10:50] {nemo} [10:36] {nemo} recross of 25 vad?
[10:51] {nemo} on wfc
[10:53] {Threei}  VNDA... sooner or later this thng will surprise
[10:56] {Threei}  WFC is pulling back
[10:56] {Threei}  25 area is natural support
[10:56] {Threei}  but play it with FAS
[10:59] {Threei}  asnyone got it?
[10:59] {magoo} i did .09
[11:01] {magoo} exit waiting .43
[11:01] {magoo} may be to greedy
[11:02] {magoo} out here .38
[11:02] {magoo} TY vad
[11:03] {magoo} rimm bouncer vad?
[11:04] {Threei}  by its own chart no
[11:04] {Threei}  if NASDAQ starts serious recovery, then RIMM will follow
[11:05] {magoo} worth a shot here imo
[11:05] {magoo} long .27
[11:05] {magoo} aapl trying
[11:07] {magoo} rimm stiopped 
[11:07] {magoo} u win
[11:08] {nemo} bottom fell out
[11:08] {larisa} whats happenning RIMM
[11:09] {Threei}  no news
[11:09] {Threei}  told ya by its own chart it was not good looking
[11:10] {magoo} couldnt have entered worse
[11:11] {nemo} you make me feel better
[11:11] {magoo} like it sucked me in waited for me
[11:11] {nemo} yeah, just like a fiancee
[11:14] {dino} rimm hits 70 strike
[11:14] {ese} what does a wind storm and a divorce in Louisianna have in common?
[11:14] {nemo} no eye deer?
[11:15] {ese} either way ....you loose the trailer!!
[11:15] {nemo} oy weh
[11:15] {magoo} roflol
[11:15] {nemo} no it's worse in the divorce...the bitch gets it
[11:15] {Threei}  US SENATOR DODD: NOTES THERE IS INTEREST IN THE US SENATE TO PLACE A CAP ON US INTEREST RATES
[11:15] {ese} thats the whole idea
[11:16] {magoo} news rimm vad?
[11:16] {nemo} in the storm nobody gets it
[11:16] {Threei}  no
[11:16] {nemo} That is unless she's in the trailer when the tornado hits
[11:16] {nemo} cap interest rates, that should be a mess
[11:16] {ese} now now....it was just a joke
[11:18] {nemo} What do you call a lawyer buried in cement up to his neck?
[11:19] {ese} i knew this one.....go for it
[11:19] {nemo} somebody ran out of cement
[11:19] {ese} ha ha
[11:20] {Threei}  AAPL
[11:20] {Threei}  HEARING DB MAKING CAUTOUS COMMENTS
[11:21] {nemo} should we call this "Turnover Tuesday" Dino?
[11:21] {Threei}  I knoew why market dropped today
[11:21] {nemo} prez on?
[11:21] {Threei}  it was on concerns over miss California losing her title
[11:21] {Threei}  now that she gets to keep it, we should start recovery
[11:21] {dino} out txn .87, +.12
[11:21] {Threei}  WFC is back into support
[11:22] {Threei}  watch FAS for reversal again
[11:23] {dino} lol nemo, day is young
[11:23] {ese} good one vad good one....
[11:24] {ese} the dumb thing is.....that reason is just a valid as some of the other dumb things that make the markets go up and down.
[11:24] {nemo} Well, at least she won't have to worry about drowning.  Doesn't silicone float?
[11:24] {ese} what do you make of this consolidation in drys vad......looks like a page out of your book
[11:25] {Threei}  when it happens in the middle of the range, without pronounced initial move... hard to tell ese
[11:25] {ese} good question....
[11:26] {nemo} fas dropping but WFC up a ta
[11:26] {ese} gotcha.....i'm just preparing just in case it moves against me hard
[11:26] {dino} i=dcc stop to .30
[11:27] {dino} to .35
[11:27] {ese} good one dino......maybe it'll keep goin
[11:28] {dino} idcc
[11:28] {dino} trail tight
[11:28] {dino} to .37
[11:28] {ese} yes....
[11:28] {dino} watching schw again
[11:30] {dino} to .40
[11:30] {dino} bwld
[11:30] {dino} out idcc .40, +.22
[11:33] {ese} nice.... well played
[11:36] {dino} thx
[11:36] {Threei}  WFC starts forming .10 - .20 range
[11:36] {Threei}  if FAS breaks its minirange and repeats march to 10, WFC is likel;y to repeat its march to .50
[11:38] {dino} wrld l .00
[11:51] {Threei} Short Setup: CAT  .50 break if stays below .60
[12:01] {Threei}  GM CEO: COMPANY IS POSITIONED TO EMERGE FROM CRISIS 'STRONGER THAN EVER'
[12:01] {Threei}  - preparing for little or no global economic growth through the end of 2010, but that the Company expects to remain profitable and generate positive cash flow throughout the recession.
[12:01] {Threei}  stronger than ever?
[12:02] {Threei}  really?
[12:02] {nemo} yeah, gotta' love that one
[12:02] {dino}  geoy
[12:04] {dino} remain profitable? they haven't had profits in years
[12:04] {Threei}  so they remain as they were
[12:04] {nemo} The song remains the same
[12:04] {larisa} you guys have bad attitude :)
[12:05] {nemo} Sorry, I remember the US auto products of the 70's
[12:06] {Threei}  you should try USSR auto products of 70's
[12:06] {Threei}  at least then your bad attitude would be justified
[12:06] {larisa} lol
[12:06] {Threei}  even larisa would have to admit your right to it :)
[12:08] {nemo} was cat still good?
[12:08] {Threei}  just touched over .60... kind of discretionary
[12:08] {nemo} little bit pregnant
[12:11] {Threei}  whbo took it feel free to start covering
[12:30] {dino} sm l arst .30
[12:34] {Threei}  VNDA...
[12:42] {dino} bwld l .90
[12:42] {dino} sm
[12:43] {dino} txn l .65
[12:48] {dino} 12:50
[12:48] {dino} usually changesv direction for 20 or so
[12:53] {ese} what does that mean...."sneezing swines may come in now"   what a goffy message
[12:54] {nemo} two weeks ago when swine flu was all the rage, he said they had to stay out
[12:54] {nemo} then last week, I said it's old news, so he changed it to come in now
[12:54] {ese} who is this goof ball?
[12:54] {nemo} this week, he's just been lazy and uncreative
[12:54] {larisa} lol
[12:54] {nemo} Lord Vader
[12:54] {Threei}  sigh
[12:54] {larisa} poor vad
[12:54] {dptl} lol
[12:54] {Threei}  no respect
[12:56] {ese} huh.....vad baby!!!!     tell me it's not you!
[12:56] {Threei}  sorry to disappoint you ese... it IS me
[12:56] {Threei}  I am a goofball
[12:56] {ese} roflol........
[12:56] {nemo} speaking of hairballs, how's the cat?
[12:56] {nemo} 4 legged one
[12:57] {ese} I may never get over this......roflol twice as hard
[12:57] {Threei}  CAT, thought of reshorting on bounce to .50///
[12:57] {dino} schw fills gap
[12:57] {ese} that made my day........vad your the best....!!!
[12:58] {Threei}  ty... now, I need to find couple good trades
[12:59] {larisa} market starts to annoy me
[12:59] {nemo} how about 7 or 8
[12:59] {Threei}  just can't get the read on bounce vs breakdown
[13:01] {dino} geoy
[13:02] {Threei}  more and more feels like bounce
[13:03] {Threei}  GEOY DELAYS QUARTERLY FILING
[13:04] {dino} sm l geoy .30 risky
[13:10] {dino} geoy stopped -.35
[13:12] {Threei} Long Setup:  HBAN  .82
[13:12] {Threei}  stop .75
[13:13] {magoo} in
[13:13] {dptl} in
[13:13] {dawg} in
[13:16] {dino} pcln drop
[13:17] {nemo} 1;1 on hban
[13:18] {Threei}  half out .01
[13:18] {Threei}  .91
[13:18] {Threei}  scaslpers be happy
[13:19] {Threei}  5K little buggers, as ese qwould say
[13:19] {dawg} i am happy ty Vad
[13:19] {dptl} half out .93
[13:19] {nemo} I missed
[13:19] {magoo} out .97 ty vad
[13:19] {Threei}  out .97 another 5K
[13:19] {Threei}  free, free at last
[13:22] {Threei}  ok... one more and the day would start looking much brghter
[13:22] {Threei}  both FTBK and FITB staged the same bounce... just didn't want toplay several similar setups at once
[13:23] {dptl} all out .04 ty
[13:24] {Threei}  nice patience dp
[13:24] {dptl} ty
[13:24] {Threei}  too bad I didn't have 3rd 5K, lol
[13:24] {Threei}  ese... totally your kind of play... tell me you took it
[13:29] {Threei}  I can;'t believe EBAY is actually worth something
[13:29] {Threei}  listen guys, this is beyond belieavable
[13:29] {nemo} oh you're so negative
[13:29] {Threei}  I got myself a new camera
[13:29] {Threei}  and put old one on ebay for sale
[13:30] {Threei}  overa last two weeks I sold it 5 times
[13:30] {Threei}  how, you ask?
[13:30] {Threei}  easy
[13:30] {Threei}  all 5 were fraud
[13:30] {Threei}  5 buyers, no single one is real
[13:30] {Threei}  when real ones bid it, they outbid them
[13:30] {Threei}  or if I put "buy it now" option, they take it
[13:31] {Threei}  how does anyone sell anything over there, beyond me
[13:31] {ese} Hey everyone....have a great rest of the day.....I'll see you tomorrow
[13:31] {Threei}  take carre ese
[13:32] {ese} vad your a hoot
[13:32] {Threei}  I can understand an accident now and then, no one is immune from fraudsters
[13:32] {Threei}  but 5 times in a row?
[13:33] {nemo} I bought my laptop off ebay.  Watched it get bid up beyond all sanity.  Guy sold it...I could tell it was fraud.  Contacted him, telling what I think happened and asked him if he wanted to sell it if it fell through...lived a half hour away.
[13:35] {Threei}  some of fake paypal e-mails are incledibly elaborate
[13:35] {nemo} yeah, it's impressive
[13:36] {nemo} interesting cat, hban, and wfc all had same spike
[13:36] {Threei}  bounce started right when I posted, and is still in progress
[13:36] {Threei}  market did nemop
[13:36] {Threei}  they just followed
[13:36] {Threei}  so did FAS
[13:42] {dptl} cat?
[13:43] {Threei}  don't know
[13:43] {Threei}  I am not ready to start buying breakuts like this
[13:43] {nemo} trend has been down, this is a hiccup so far
[13:44] {dino}  aip[c stop to .84 all day
[13:44] {dino} aipc
[13:45] {dino} stopped +.98
06[13:45] * nemo slaps dino around a bit with a large roll of silver dollars
[13:45] {dino} ouch
[13:48] {dino} layn l .50
[13:51] {nemo} cat making another assault @.70
[13:52] {Threei}  VNDA... I can't find an entry on it for the world of me, but this thing will be 11.50 if not 12 today
[13:56] {Threei}  be back in 20
[13:57] {nemo} Dino, you're in charge
[13:58] {larisa} bought 100K of VNDA, want to retire in the evening :)
[13:59] {dino} vnda stay away imo
[13:59] {larisa} lol
[13:59] {larisa} vad should not say " it will" or at least add"I think" :)
[14:04] {dino} schw l .75
[14:11] {Threei}  everyone knows today what I should or should not say
[14:11] {nemo} huh?
[14:13] {dptl} Vad,is that election day here ?
[14:13] {Threei}  yeah
[14:14] {Threei}  we are underestimated HBAN potential
[14:14] {dptl} ok ty...i was wondering whats up with the ballons everywere lol
[14:14] {Threei}  lol
[14:15] {larisa} I really want to retire.. so i am with you, say away :)
[14:15] {Threei}  you need so little to retire...
[14:15] {jfjf64} im  back   i miss anythin    lol
[14:15] {larisa} right, i am cheap
[14:18] {Threei}  I watched it yesterday, it worked nicely on deep pullbacks
[14:19] {Threei}  notso much on breakouts... but today looks a little bit different
[14:19] {jfjf64} ?? hban
[14:19] {Threei}  where is my dcecoder ring
[14:23] {Threei}  FORMER FED CHAIR GREENSPAN: SEEING 'SIGNIFICANT' INCREASE IN AVAILABILITY OF MONEY; WOULD BE "VERY EASY TO SEE" THE MARKET TO CONTINUE TO IMPROVE
[14:25] {dino} schw to .87
[14:25] {dino} arst to flat
[14:26] {dino} bwld to .20
[14:28] {dino} out schw .89, +.14
[14:28] {jfjf64} nice  dino
[14:28] {dino} out bwld, .17 slip, +.27
[14:29] {dino} ty
[14:30] {Threei}  SOCIAL SECURITY FUND TO BE DEPLETED BY 2032
[14:30] {Threei}  great
[14:31] {Threei}  US TREASURY UPDATE ON MEDICARE AND SOCIAL SECURITY: SOCIAL SECURITY FUND TO BE DEPLETED BY 2032; MEDICARE TO REACH LIMIT BY 2014
[14:31] {nemo} Funny actually...30 years ago I figured I would never see it.  Just a big pyramid scheme
[14:32] {dino} it is
[14:32] {Threei}  - Medicare trust fund insolvent by 2017 v 2019 prior forecast
[14:32] {Threei}  - Social Security Benefits payments to move beyond revenue by 2016 v 2017 prior forecast
[14:34] {Threei}  have they ever published such forecasts?
[14:34] {nemo} Every year
[14:34] {nemo} None this bad
[14:34] {dino} y
[14:35] {dino} "w" wanted to privatize it
[14:35] {nemo} What I love is when LBJ opened up SS Trust fund to fund The Great Society.  Took all the money and left an IOU...or that's What Congress has been doing.  Where were they going to get the money to replace the IOU.....duh!
[14:36] {dino} off balance shhet liability
[14:37] {nemo} Yeah, like a Wall Street Level III asset
[14:37] {dino} y
[14:37] {dino} holx l .11
[14:37] {Threei}  {larisa} you guys have such negative attitude
[14:37] {nemo} facts have a way of being interpreted as negative
[14:38] {dino} pru sm l .45
[14:38] {Threei}  nemo
[14:39] {Threei}  guess what 's happening
[14:39] {dino} it just doesn't matter 3i
[14:39] {nemo} prez speaking
[14:39] {Threei}  not for me, that's for sure
[14:39] {Threei}  right
[14:40] {dino} been this way for my whole life, they will find an acct trick to push it out
[14:40] {nemo} only thing is they've run out of rope outside of cutting programs or raising taxes
[14:41] {dino} well tax increases are coming..... i did not vote democratic
[14:41] {Threei}  "tho problem with socilaism is that sooner or later you run out of other people's money"
[14:41] {Threei}  wow HBAN
[14:41] {dino} democrat i mean
[14:42] {nemo} I gave up on voting...might as well fart in a windstorm
[14:42] {dino} i understand 3i, but what can i do, so it doesn't matter
[14:44] {dino} they will fix it by making you spend down assets prior to collecting
[14:44] {dino} like medicaid for long term care, thats the precedence
[14:44] {Threei}  after taking those 10K on HBAN I should have just fell asleep
[14:45] {Threei}  or faint
[14:45] {dino} in the end everybody has coverage if they are less than 15k in assets, so no uninsured
[14:45] {nemo} you mean medical
[14:45] {dino} medical and welfare
[14:46] {dino} but look how well they managed the medicare, its broke, and now they want it all nationalized
[14:46] {nemo} well, there's the hidden rationing costs in medical.  So many doctors won't take state or medicare patients now
[14:47] {dino} but enough, back to work
[14:53] {Threei}  ok
[14:53] {Threei}  I took some VNDA
[14:53] {Threei}  .80
[14:54] {Threei}  more of a swing trade if not resolving today
[14:54] {Threei}  smallish position
[14:54] {nemo} 10000 of the little buggers?
[14:55] {dino} pru to .75
[14:56] {dino} out pru .90, +.45
[14:56] {jfjf64} that a boy  dinno
[14:56] {dino} arst to .63
[14:57] {dino} out slip, +.27
[14:57] {nemo} looks like stocks want to close even for the day
[14:58] {dino} txn to .77
[14:58] {dino} lol jfj
[14:58] {dino} holx to flat
[14:59] {dino} out txn, +.12
[15:00] {dino} forgot, aipc sm l .00
[15:02] {dino} turnaround tuesday in the making
[15:02] {dino} something like 6 in a row
[15:04] {dino} layn stopped -.236
[15:06] {dino} mygn l .60, stop lod
[15:08] {Threei}  irritating day for me
[15:09] {nemo} yes
[15:09] {Threei}  was on a wrong side in the morning
[15:09] {Threei}  then got a grip on the movement but didn't want to accumulate loses in case I was wrong
[15:10] {Threei}  half out VNDA .96
[15:10] {dino} grinding day here
[15:10] {Threei}  will re0buy it if pulls back
[15:11] {Threei}  or let the remainder trade if breaks 11 and goes
[15:12] {Threei}  anyone went for this trade?
[15:12] {Threei}  aside of larisa who goes for retirement
[15:12] {larisa} all or nofing!
[15:13] {dino} holx out 
[15:13] {dino} +.01
[15:15] {Threei}  US TREASURY ADVISES CHRYSLER THAT NEW SPECIAL BUYOUT PROGRAMS MUST BE COMPLETED BY 5/26
[15:16] {dino} layn last try l .09
[15:17] {magoo} VAD..find me $500 bux and ill sendu pound of bacon
[15:18] {Threei}  mags... VNDA is my play of choice... risky as hell
[15:18] {magoo} am i tooo late?
[15:18] {Threei}  I am in at .80
[15:18] {nemo} I'm done for the day, regroup and see ya' tomorrow
[15:18] {Threei}  take care nemo
[15:24] {Threei}  larisa
[15:24] {Threei}  your retiremenet is getting closer
[15:24] {larisa} I sure hope so!
[15:24] {larisa} see you later :)
[15:24] {Threei}  wow
[15:25] {Threei}  she runs to the bank already
[15:25] {Threei}  new high VNDA
[15:25] {Threei}  fess up guys
[15:25] {Threei}  anyone took it?
[15:27] {Threei}  sigh
06[15:27] * Threei feels so alone
[15:28] {dino} out mygn .80, +.20
[15:29] {dino} layn out .26,+.17
[15:29] {magoo} tanx dino:) mygn
[15:30] {dino} :)
[15:35] {Threei}  in case I forget tomorrow, which is entirely possible
[15:36] {Threei}  lwet's watch COIN for 2.20 break
[15:42] {dino} sell side futes' financials
[15:43] {dino} holx l .00
[15:45] {dino} layn partial l .o1
[15:48] {Threei}  how about new high for the close, VNDA?
[15:48] {Threei}  can you?
[15:50] {fernp} bad day here. no excuses, tomorrow will be a better day :)
[15:50] {fernp} see you all tomorrow. good evening
[15:51] {dino} hang in there fern
[15:51] {Threei}  take care fern
[15:51] {dino} toughie
[15:53] {Threei}  interesting buys go off at COIN
[15:53] {Threei}  see those sizes at .14?
[15:55] {dptl} have a good evening all 
[15:55] {Threei}  taje care dp
[15:55] {Threei}  hurry up VNDA
[15:55] {Threei}  5 min to make new high
[15:57] {dino} out layn .22, +.21
[15:58] {Threei}  yesss
[15:58] {Threei}  new hig
[15:58] {Threei}  high too
[15:58] {dino} aipc overnighting, sm
[15:58] {magoo} good one vad
[15:58] {jfjf64} gj
[15:58] {Threei}  out some more at .45
[15:59] {Threei}  wow
[15:59] {Threei}  had it there for a while
[15:59] {Threei}  still keeping last part for tomorrow
[15:59] {Threei}  almost top-ticked it, .46 high
[16:00] {Threei}  very nice ending by VNDA
[16:00] {dino} hmm, seems holx too
[16:00] {Threei}  (US) FDIC'S BAIR: SEES REASON FOR OPTIMISM WITH BANKING INDUSTRY
[16:00] {Threei}  good
[16:00] {Threei}  let's go up
[16:00] {Threei}  it's more fun
[16:01] {Threei}  okay guys
[16:01] {Threei}  end of the day helped a bit
[16:01] {dino} thx all gotta hop, good times
[16:01] {Threei}  not as bleak as it started
[16:01] {magoo} ty
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {jfjf64} good night   all