Jul 15 2009

Fair day, considering big gap eating into day's range. WFC, AIG, INTC longs worked nicely... followed by customary coma of course.

Session Time: Wed Jul 15 00:00:00 2009

[08:17] {Threei} BLTXX Baltic Dry Bulk Index +7.3%, second consecutive gain and largest gain since June 2nd
[08:23] {BillyD} morning Vad
[08:23] {Threei} Billy :)
[08:30] {Threei} JUN CONSUMER PRICE INDEX M/M: 0.7% V 0.6%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E
[08:30] {Threei} JULY EMPIRE MANUFACTURING: -0.5 V -5.00E
[08:41] {fernp} good morning everybody
[08:42] {nemo} hallo
[08:42] {Threei} fern, nemo :)
[08:43] {larisa} good morning :)
[08:44] {Threei} larisa :)
[08:45] {nemo} larry :)
[08:45] {larisa} sigh
[08:52] {cosmo} "
[08:55] {cosmo} TRGT
[08:56] {Threei} 7:07:09 AM
[08:56] {Threei} Targacept TC-5214 Achieves All Primary and Secondary Outcome Measures in Phase 2b Trial
[08:56] {Threei} - Releases results from a double blind, placebo controlled, flexible dose Phase 2b clinical trial of TC-5214 as an augmentation (add-on) treatment for major depressive disorder, or MDD, in subjects who did not respond adequately to first-line treatment with citalopram alone.
[08:56] {Threei} -The results on all of the trials secondary efficacy measures, including assessments of depression, irritability, disability, cognition, severity of illness and global improvement, were also highly statistically significant in favor of TC-5214 on an intent to treat basis.
[08:56] {Threei} was hatled
[08:56] {cosmo} ...how depressing...
[08:57] {cosmo} ASML
[08:57] {cosmo} 23
[08:57] {cosmo} so far
[09:01] {Threei} OXGN to Raise $10 Million in Registered Direct Offering (1.98, 0.00, 0.00%)
[09:01] {Threei} COIN 2009 Production and Sales Increase at Converted Organics Gonzales, CA Organic Fertilizer Manufacturing Facility (1.02, 0.00, 0.00%)
[09:01] {magoo} morning
[09:01] {Threei} mags :)
[09:02] {magoo} resilient lil mkt eh?
[09:02] {Threei} COIN jumped a bit
[09:02] {Threei} FEED too
[09:03] {dino} gm all
[09:04] {Threei} dino :)
[09:05] {dino} cnbc a bit euphoric imo
[09:07] {nemo} intc and Gannett beating. If media is beating this could be a solid up day
[09:10] {cosmo} sounds violent...
[09:11] {nemo} beating earnings estimates cos...
[09:11] {cosmo} ah
[09:12] {magoo} cnbc giddy
[09:12] {magoo} expirations friday..are they gonna take them to the higher strikes dino?
[09:12] {BillyD} fyi.....can't short AIG
[09:13] {Threei} sigh
[09:13] {magoo} dam
[09:14] {dino} imo, we get one very big down day, either today or tomorrow
[09:14] {vinod} GM
[09:14] {ese} good morning
[09:14] {Threei} vinod, ese :)
[09:15] {Threei} JUNE INDUSTRIAL PRODUCTION: -0.4% V-0.6%E; CAPACITY UTILIZATION: 68.0% V 67.9%E
06[09:16] * magoo slaps Threei around a bit with a large trout
[09:16] {vinod} open high and closed at even point this is my take for today
[09:17] {nemo} big jump and FLAT
[09:17] {vinod} yes
[09:17] {nemo} MMmmmmmm...day off
[09:19] {dino} the open gaps trouble me
[09:19] {vinod} lots of short sq and lot of sell in rally
[09:19] {texus} gm
[09:19] {nemo} arguable
[09:20] {Threei} texus :)
[09:20] {Threei} we will see... this kind of gap days often resolve in dead day,
[09:20] {Threei} and sometimes in a big continuation move
[09:21] {BillyD} voulume is light on these gaps
[09:21] {nemo} get oil today too
[09:22] {vinod} last night 17K of INTC move stock up 1.20
[09:22] {dptl} good morning all
[09:22] {jfjf64} mornin
[09:23] {_johnk3} gm
[09:23] {Threei} dp, jf, john :)
[09:24] {jfjf64} anythi to watch at open vad
[09:24] {Threei} kind of "everything"
[09:24] {Threei} hate this kind of opening
[09:24] {Threei} too many things move
[09:25] {jfjf64} lk that
[09:25] {jfjf64} last 2 mornin ya been on lets get em
[09:27] {Threei} DRYS is interesting
[09:28] {Threei} WFC, 24.80 - .85 is three days high break
[09:29] {Threei} I'd really prefer some pullback at the open, consolidation, then breakouts everywhere
[09:29] {Threei} that would be perfect scenario for big continuation move
[09:29] {nemo} the old bull flag
[09:29] {Threei} breaks right out of the gate is less desirable turn of events,
[09:29] {jfjf64} couldnt agree more
[09:30] {Threei} more likely to fizzle out wuickly and leave us with no range
[09:30] {nemo} although, RIMMs been flat for the last half hour
[09:30] {nemo} so much for that
[09:30] {Threei} pullback so far
[09:31] {Threei} FITB... that stron close was a clue
[09:31] {Threei} ok... WFC
[09:31] {Threei} Long Setup: WFC .85
[09:32] {Threei} stop under .70
[09:34] {magoo} long intc .82
[09:34] {magoo} 92
[09:36] {magoo} AIG dumper
[09:37] {Threei} AIG needs a bit more selling
[09:37] {ese} out intc from 07/07 17.88 +1.03 10k
[09:37] {Threei} wtg ese
[09:37] {fernp} gj ese
06[09:37] * magoo slaps ese around a bit with a large trout
[09:37] {Threei} ok WFC, it's time
[09:37] {dino} gj es
[09:38] {ese} tks i sold 15k of it yesterday at break even i didn't want to be holding 25k through the earnings announcement
[09:38] {Threei} let's trail WFC to under .75
[09:39] {nemo} wow $ smashed
[09:40] {fernp} FITB breakin hod
[09:40] {magoo} out intc .07 2k lot
[09:41] {Threei} hmmm
[09:41] {Threei} let's trail to under .80
[09:41] {Threei} I'd expect it to be at 25 already
[09:41] {Threei} don't want to get caught into sudden downturn
[09:42] {Threei} it worked too well yesterday, maybe it's back to its old tricks
[09:45] {Threei} Short Setup: RIMM .50 break
[09:45] {Threei} half lot
[09:46] {magoo} in rimm
[09:46] {Threei} stop is self-explanatory
[09:50] {Threei} if you are very stingy, RIMM can be trailed to above .60
[09:50] {dino} yum l .00
[09:50] {Threei} loss of .45 shoudl send it down
[09:51] {Threei} ok... drop already
[09:52] {jfjf64} lets go ya dog
[09:52] {Threei} stop to above .60 for sure
[09:52] {Threei} 5 cents shy of 1:1? come on?
[09:54] {dino} bwld sm l .50
[09:54] {Threei} stop to .55
[09:56] {magoo} covered rimm .41 TY had fl
[09:56] {Threei} the easiest way would be to take smallish scalp on RIMM, yeah
[09:56] {Threei} I just think we may not get a lot of plays later on
[09:56] {Threei} so with minimal risk here want to give this one a chance
[09:56] {Threei} personal choice
[09:56] {magoo} i didnt like up move aapl
[09:56] {nemo} we're not getting much for plays now
[09:57] {Threei} nope
[09:57] {Threei} there... you were right
[09:57] {nemo} who was
[09:57] {Threei} magoo
[09:57] {magoo} aapl went ,90 area reversed..i thought oh oh
[09:57] {Threei} WFC, finbally
[09:57] {Threei} half out
[09:57] {nemo} neat spelling
[09:57] {Threei} .96
[09:58] {magoo} intc vad..may be getting bounce ready
[09:58] {nemo} is that like ferngully
[09:58] {dino} out yum .15, +.15
[09:58] {Threei} INTC, I'd prefer to see double bottom for entry
[09:59] {Threei} one more dive, into .75 roughly
[09:59] {Threei} yep, like this
[09:59] {Threei} now, .82 is long if no new low
[09:59] {Threei} with stop located right under the low of this pullback
[09:59] {Threei} see the play's structure?
[10:01] {Threei} there you go...
[10:03] {BillyD} I think I have a quote problem...
[10:03] {Threei} 1:1 for scalpers
[10:03] {fernp} ty Vad. I am out
[10:03] {Threei} :)
[10:04] {BillyD} did INTC jump from .81 to .84 bid on you Vad with no prints?
[10:04] {Threei} need quotes Billy?
[10:04] {Threei} there were prints, just too fast,
[10:04] {Threei} but then it did pullback right into .82 offer
[10:04] {Threei} and hit my bid
[10:04] {fernp} yes Bill It did it, then pullback
[10:04] {Threei} that's where I typed "there you go"
[10:04] {nemo} yeah that's how I bought
[10:04] {BillyD} ok...that helps me then
[10:05] {Threei} sorry Billy... didn't mean to be so helpful, not my nature... don't want to shock you by sudden change in my behavior pattern
[10:05] {BillyD} it's ok...I never took it that way
[10:05] {BillyD} :)
[10:05] {Threei} whew
[10:06] {BillyD} your reputation is in tact
[10:06] {Threei} now, halve a look at 1 min INTC
[10:06] {Threei} have
[10:06] {Threei} now that the play is complete, see what I envisioned making a call?
[10:06] {Threei} total textbook
[10:06] {BillyD} yew
[10:06] {BillyD} yesw
[10:06] {BillyD} yes
[10:07] {Threei} oh good
[10:07] {nemo} perfect spot to plug TTR
[10:07] {jfjf64} that was great read
[10:07] {Threei} right typing of the three-letter word on a third try - true mark of realitytrader
[10:07] {_mikej} are you still in wfc
[10:07] {Threei} half
[10:07] {Threei} [09:57] {Threei} WFC, finbally
[10:07] {Threei} [09:57] {Threei} half out
[10:07] {Threei} [09:57] {nemo} neat spelling
[10:07] {Threei} [09:57] {Threei} .96
[10:08] {Threei} btw... thanks for reminding me, stop to under .85
[10:08] {Threei} this thing is annoying today
[10:08] {nemo} it's been annoying every day except yesterday
[10:08] {Threei} TTR? what about it?
06[10:09] * Threei slaps nemo around a bit with a large book of Techniques of Tape Reading
[10:09] {nemo} [10:06] {&Threei} now that the play is complete, see what I envisioned making a call?
[10:09] {nemo} [10:06] {&Threei} total textbook
[10:09] {nemo} textbook{----TTR
[10:09] {nemo} :)
[10:09] {_mikej} ty
[10:09] {Threei} sure mike
[10:09] {Threei} I don't remember... there is a detailed description of how to play this one in TTR?
[10:09] {nemo} then again, Houghton Mifflin has it
[10:09] {Threei} I remember there is one in scalping course
[10:09] {nemo} not the point....hawk the book
[10:10] {Threei} ah
[10:10] {Threei} .70 break was a good trigger on RIMM for long... just hated stop being way too wide
[10:10] {nemo} o.k. "Vad Graifer's compendium of publications is a surfeit..no, treasure trove of trading nuggets..."
[10:10] {Threei} eeck
[10:10] {nemo} too much caffeine
[10:11] {magoo} saigh
[10:11] {dino} bwld stopped -.30
[10:11] {nemo} is that gaelic for something magoo?
[10:12] {Threei} AMZN...
[10:12] {nemo} wfc looks like it might be a short
[10:12] {magoo} jpm too
[10:13] {Threei} hoped for AMZN to stay under .15 to form short setup with 83 trigger
[10:13] {Threei} ruined
[10:13] {magoo} i took it .3o
[10:13] {nemo} funny, I was loooking at it long above .22
[10:14] {Threei} that was the fade, yeah
[10:14] {magoo} shit i thought long
[10:14] {Threei} volume was abit too iffy for a call
[10:14] {nemo} what volume?
[10:14] {Threei} volume configuration did not matych long
[10:14] {magoo} out .56 TY
[10:15] {magoo} i guess lol
[10:15] {Threei} so for me it was kind of:
[10:15] {nemo} I know, I was going along with it
[10:15] {Threei} if shapes up for short, it's a call,
[10:15] {Threei} if for long, it's for your discretion
[10:15] {Threei} US Treasur'y Geithner; USD will remain principal currency; committed to strong USD
[10:15] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:15] {Threei} **consensus expectations:
[10:15] {Threei} Crude: -1.7Me
[10:15] {Threei} Gasoline: +750Ke
[10:15] {Threei} Distillate: +1.9Me
[10:16] {magoo} some numbers 10:30 correct?
[10:16] {nemo} korekt
[10:16] {Threei} move up your eyelids
[10:16] {Threei} by just couple lines
[10:16] {nemo} that says expectations Vad
[10:16] {magoo} boy..u cranky
[10:17] {nemo} me or vad?
[10:17] {magoo} vad
[10:17] {Threei} umm... and that's different from any other day how??
[10:17] {magoo} well..hows my ? any diferent?
[10:18] {Threei} what your ?
[10:18] {magoo} huh?
[10:18] {Threei} lol
[10:18] {Threei} out WFC balance
[10:18] {magoo} could u imagine magoo in your class? lol
[10:19] {Threei} sure... I will just need a taser
[10:19] {nemo} homo erectus magoous
[10:19] {magoo} short jpm .70
[10:20] {nemo} Raven-we're bad today...you'll just get disgusted
06[10:21] * magoo slaps Raven around a bit with a large trout
[10:21] {nemo} Raven's will eat trout
[10:21] {Threei} Long Setup: INTC .95 break
[10:21] {nemo} market too strong for shorts it looks like
[10:21] {Threei} scalp only
[10:22] {magoo} stopped jpm
[10:22] {Threei} stop under .90
[10:27] {Threei} no worky
[10:28] {wulff} HIG worky
[10:28] {nemo} mmmhhh think oil number bullish
[10:28] {dino} met l .70
[10:29] {Threei} HIG was pretty break...
[10:29] {Threei} missed it... you alerted about it wulff?
[10:29] {wulff} almost too pretty
[10:29] {wulff} no sorry
[10:30] {Threei} DOE CRUDE: -2.8M V -1.7ME;
[10:30] {Threei} GASOLINE: +1.44M V +750KE; DISTILLATE: +550K V +1.9ME
[10:33] {Threei} NVAX Hearing takeover chatter circulating
[10:33] {Threei} - GILD rumored as potential acquirer (14.39, 0.53, 3.82%) (related GILD )
[10:34] {wulff} out +.21
[10:38] {ese} gild L .56
[10:39] {ese} no baby...it was a good fill IT"S .55
[10:40] {Threei} market stalls...
[10:40] {BillyD} VAD..AMZN short off .40 if stays under .52
[10:40] {dino} out met flat
[10:40] {Threei} I like it
[10:41] {ese} out gild .63 +.08
[10:41] {nemo} 20k of the little buggers?
[10:42] {ese} no ....i wish 3k
[10:43] {wulff} CAT falls
[10:44] {Threei} Former Tsy Sec Paulson: BoA cancelling Merrill deal was unthinkable
[10:45] {nemo} mmmmhhhh....rimm tracking spy more than Qs
[10:46] {larisa} ese one day you have to tell the story, what made you play big size lots and how did you gain confidence doing it, had winning streak at the beginning? just interested in huge lots player mindset :) wanna be brave like you :)
[10:46] {nemo} you would have had to do alot of mind altering experimentation when you were younger Larry
[10:47] {Threei} funny Larisa - he just told this story at the dinner this very Sunday, lol
[10:47] {larisa} does not help me :)
[10:48] {Threei} hey, you were invited :)
[10:48] {larisa} lol
[10:49] {ese} hi larissa.......after watching vads scalp trading video i caught onto the trading more than 1000 sh lots.
[10:49] {BillyD} out amzn -.15
[10:49] {Threei} chop chop started
[10:49] {ese} up to then i was getting winners but had to always wait for them to make .20 or so to pay off
[10:50] {ese} it just seemed to make sense to do the larger lots depending on volume and shortter stops.
[10:50] {wulff} INTC
[10:51] {ese} I also combined that with some of financial analysis/valuations that i learned with taking the canadian securities course
[10:52] {ese} coupled that with technical analysis to get some botoms in some stocks like fitb and intc and went very large with them
[10:54] {larisa} so having 10K and 1K is the same level of pressure for you ? you trained yourself? :)
[10:54] {ese} but i don't hang around anymore when they pay off....the old es used to hang around with the swing trading i was doing and would eventually loose the profit that i made
[10:54] {ese} i guess i coupled that with vads scalping process into a system that seems to work for me
[10:55] {Threei} larisa... the idea of scalp type I is much shorter market exposure time
[10:55] {ese} yes 10k and 1k are the same
[10:55] {ese} yes tks vad.....definately much shorter exposure time
[10:55] {larisa} in my mind scalping does not mix with big lots, but rather contradicts, this is why i am asking
[10:55] {larisa} trying to understand
[10:56] {Threei} why... just opposte in fact
[10:56] {Threei} smaller stops and better risk control allow for bigger lots
[10:56] {nemo} Larry, if the volume/liquidity is sufficient, what's the problem
[10:56] {Threei} if you go for a swing trade, your stop will naturally be wider
[10:56] {ese} you can scalp big lots....but it has to be with stocks that trade basically 10,000,000shs per day
[10:56] {Threei} since ou have to base the trade on larger time frame,
[10:57] {Threei} thus more price swings are being accounted for.
[10:57] {Threei} With day trade, your stop will be narrower
[10:57] {Threei} since you look at lesser time frame charts,
[10:57] {Threei} wich allows for more shares
[10:57] {Threei} and with scalp it's being taken to the extreme
[10:58] {Threei} Liquidity must be incorporated of course
[10:58] {Threei} and that's why ese does it on such thick stocks as INTC or FITB
[10:59] {Threei} makes sense?
[11:00] {dino} apol l .39]
[11:00] {dino} .30 i mean
[11:01] {dino} rick l .20
[11:03] {larisa} it is still the most twisted style, may be you need to be a man to do it :) and musician :)
[11:03] {larisa} ty guys
[11:03] {nemo} twisted, thy name is woman
[11:03] {Threei} man, maybe... but musician is the last thing you could call me
[11:04] {Threei} I mean if I sing, people think WW3 started
[11:05] {larisa} you ever played 10k vad ?
[11:05] {Threei} sure
[11:05] {larisa} then you are musician :)
[11:06] {Threei} why then the piano locks itself up from inside when I approach...
[11:06] {BillyD} lol
[11:09] {ese} thinkin qqqq L at .82
[11:09] {ese} .62
[11:09] {wulff} me AAPL
[11:10] {Threei} http://www.realitytrader.com/blog/2007/04/as-you-name-boat-or-what-is-scalping.html
[11:10] {magoo} i thinking pullbk time
[11:10] {Threei} you'll liker the first paregraph larisa
[11:11] {Threei} ugh
[11:11] {Threei} paragraph
[11:12] {larisa} :)
[11:15] {ese} l qqqq .62
[11:17] {wulff} AAPL +.36
Session Close: Wed Jul 15 11:19:52 2009

Session Start: Wed Jul 15 11:19:52 2009
Session Ident: #discussions
02[11:19] * Disconnected
02[11:22] * Attempting to rejoin channel #discussions
03[11:22] * Rejoined channel #discussions
[11:22] {Threei} what did I miss?
[11:23] {Threei} of course there is part II to that article:
[11:23] {Threei} http://www.realitytrader.com/blog/2007/04/as-you-name-boat-or-what-is-scalping_22.html
[11:24] {Threei} plus http://www.investopedia.com/articles/trading/05/scalping.asp
[11:24] {Threei} and http://traderscom.stores.yahoo.net/stcov237scas.html
[11:25] {Threei} and of course http://www.nasdaqscalper.com/faq.html
[11:32] {Threei} everyone's asleep?
[11:32] {ese} L wfc .04
[11:32] {nemo} coma
[11:32] {ese} crappy fill was going for .00
[11:34] {ese} it's shite i tell ya shite!
[11:34] {dino} out rick .37, +.17
[11:34] {nemo} shuddup and take your scalp
[11:35] {dino} out apol .48, +.18
[11:35] {ese} out wfc .10 +.06 5k
[11:35] {nemo} yeah, shite...
[11:35] {nemo} ese dcc
[11:38] {dino} yum s .50
[11:41] {Threei} I must throw in one more: http://www.realitytrader.com/blog/2007/04/death-by-thousand-cuts.html
[11:42] {dino} 8580 july high1483, 927
[11:47] {Threei} DRIV Guides Q2 "at high end" of $0.39-0.42 v $0.41e, R$95-97M v $96.4Me (from 4/29); Outsources customer service, cutting 120 jobs (8% of total workforce
[11:52] {Threei} (US) Update: California lawmakers reach budget deal - LA Times (related MUNIS EUR/USD USD/JPY USD/CHF )
[11:52] {dino} yum bstop is .61 fwiw
[11:55] {dino} sds l sm .10 stop lod
[12:04] {ese} Ok...it's lunch time pullback......time to get drunk?
[12:05] {ese} i mean it's time for lunch............
[12:05] {Threei} uh oh
[12:05] {nemo} liquid lunch
[12:05] {Threei} dp... pouring that shot of vodka in ese, we created a monster
[12:06] {wulff} spending week in Bellingham vad
[12:07] {ese} I hear it's not the end of the world there wulff but you can see it from there?
[12:07] {wulff} right over the ridge
[12:08] {ese} scalping monster hopefully
[12:09] {dino} wulff, they say beyong here there be monsters
[12:09] {Threei} probably closest point on continental US to our town, wulff
[12:09] {wulff} yup
[12:09] {Threei} lol dino
[12:09] {wulff} compared to south right now, fabulous
[12:09] {ese} hmmmmm ya...was just thinking that vad....it just might be
[12:10] {Threei} yup... looking at the map
[12:11] {wulff} coming to your esteemed town in the AM
[12:11] {Threei} to Victoria?
[12:11] {ese} today?
[12:11] {dino} yum stopped -.11
[12:11] {wulff} well either or Vancouver
[12:12] {Threei} wow... 5000-lb shark washes out on Long Island
[12:12] {ese} what day wulff?
[12:12] {wulff} THurs
[12:12] {dino} 5000 lbs?
[12:12] {dino} we're gonna need a bigger boat
[12:13] {ese} ahhhhh......for a visit or business
[12:13] {wulff} visit
[12:13] {wulff} wife's working
[12:14] {ese} coffee man!!!!! we should do coffee
[12:14] {wulff} vancouver?
[12:14] {ese} victoria
[12:14] {wulff} think the wife wants to go to Van
[12:15] {ese} next time......
[12:15] {wulff} sure
[12:16] {Threei} how many days you have in our neck of the woods?
[12:16] {Threei} if more than one, consider jumping on a ferry and visiting Victoria
[12:16] {wulff} I shall, till monday
[12:16] {wulff} been to Beuchart though
[12:17] {Threei} even quick tour of downtown and Butchart gardens will be something to remember
[12:17] {Threei} oh okay
[12:17] {wulff} got ripped at a bar across from the grand hotel
[12:19] {wulff} my .77 AAPL sell seems hasty now
[12:19] {dino} ttwo l .04
[12:21] {Threei} anyway, whistle if you decide to drop by to Victoria, we will try to get together
[12:21] {ese} count me in on that get together....
[12:22] {Threei} totally, we want you to buy coffee
[12:22] {BillyD} poor ese......
[12:22] {ese} forget the coffee.....vodka........am converted now!
[12:22] {Threei} darn dp
[12:22] {dptl} vodka??
[12:23] {Threei} [12:05] {Threei} dp... pouring that shot of vodka in ese, we created a monster
[12:23] {ese} L wfc .16 multi tasking as we speak
[12:23] {dino} you guys are making me thirsty
[12:23] {Threei} yeah, we are like pretzels
[12:23] {dino} lol good one
[12:24] {Threei} :)
[12:34] {dino} apol sm l .75
[12:37] {ese} L wfc .18 avg price .169
[12:42] {Threei} these flatline periods are so... tiresome or liberating, depnding on whether you have what to do during them
[12:42] {Threei} for those surfing porn sites during boring market (and no, I am not naming names but everyone knows anyway), it'e liberating
[12:43] {nemo} Magoo?
[12:43] {fernp} lol
[12:53] {Threei} getting ready to exit WFC ese?
[12:53] {ese} out wfc .24 +.08 10k
[12:54] {Threei} lol, how did I know
[12:54] {nemo} that's a 1:4 for ese
[12:54] {dino} wtfg es
[12:54] {Threei} wtfg?
[12:54] {dino} you know
[12:54] {nemo} yeah 3i
[12:54] {Threei} what kind of hybrid is that? :)
[12:54] {ese} hmmmmm could it be that lower high in the compx.....the litle sign of weakness
[12:55] {ese} wtfg vad.....way to f&^%&^ go
[12:55] {dino} :)
[12:55] {nemo} you left out a letter ese
[12:56] {nemo} volumes strong today
[12:56] {ese} nope...f&^%^%$&*
[13:00] {nemo} I didn't know it had 2 "%" and 2 "&" in it
[13:00] {ese} hmmmm i rather like the trading style i've become accustomed too......."My Fair Lady"....or is that i've become accustomed to her face.......
[13:00] {Threei} Treasury's Barr: Hedge funds present unknown risks (related XLF )
[13:01] {nemo} You Pygmalion you...
[13:01] {Threei} huh?
[13:01] {Threei} what;'s with this hedge funds and risk deal?
[13:01] {nemo} keeping the pressure of politicians
[13:02] {ese} unknown risks....UNKNOWN RISKS!!!!!!......wake up man!!!!
[13:04] {dino} exlp
[13:04] {ese} it's anything goes for crying out loud......they don't just trade equities....it's anything......realestate.......cars........shoes!!!!!........ interest rate swaps you name it.
[13:05] {Threei} White House: Opposed to any bil that would restore GM and Chrysler franchise units (related F.IT GMGMQ F )
[13:05] {Threei} ??
[13:06] {ese} that should tank the market nicely
[13:06] {Threei} I am lost
[13:06] {Threei} I just don't understand what they are saying today
[13:06] {Threei} anyone to translate it to english?
[13:07] {BillyD} won't help support any of their franchise dealersxzships
[13:07] {BillyD} corporate owned I believe
[13:07] {Threei} why?
[13:07] {Threei} ehat's the problem with those?
[13:08] {BillyD} like all dealerships, they are struggling anf govt probably wants the free enteerprise to use their money to make it work
[13:08] {larisa} Congress wants to overturn decision to close some dealers during bancrupctkrupcy, WH does not
[13:09] {larisa} too mant banks :)
[13:09] {larisa} bankruptcy it was
[13:10] {Threei} I guess I have trouble with the very concept of legislating these things...
[13:10] {Threei} butt out and let the market work
[13:11] {BillyD} Vad goes to Washington just like Mr. Smith
[13:11] {Threei} if there are too many dealerships, some witll go out of business
[13:11] {Threei} if there are too few new ones will spring up
[13:11] {BillyD} right, and private enterprise can take that role
[13:11] {Threei} I'd rather chase all those mr Smiths out of Washington, lol
[13:12] {BillyD} You can't do that to James Stewart....lol
[13:12] {Threei} oh, he will find someone else to mock, lol
[13:17] {Threei} WFC won't quit
[13:18] {BillyD} sure glad it got it's distribution out on our trade
[13:18] {Threei} lol
[13:21] {Threei} Long Setup: AIG .10 break
[13:21] {Threei} if stays above 14
[13:21] {nemo} is that a trade call?
[13:22] {Threei} what does it look like?
[13:22] {larisa} lol
[13:22] {Threei} Long Setup: AIG .10 break for everyone but nemo
[13:23] {nemo} I think it's listed under the Endangered Species Act
[13:33] {magoo} is AIG a call?
[13:34] {Threei} sigh
[13:35] {vinod} I just notice market is up only 190
[13:36] {vinod} You guys still harassing AIG
[13:39] {Threei} well... we have to harass something
[13:40] {vinod} you have nemo and magoo?
06[13:41] * nemo slaps nemo around a bit with a large bowl of curry
06[13:41] * nemo slaps vinod around a bit with a large bowl of curry
06[13:41] * nemo thinks I would have been fish curry
[13:41] {Threei} see? no need to harass nemo, he is on self-serve
[13:42] {vinod} I agree totally
[13:45] {_mikej} AIG break .10 means buy after it passes .10 or hits it
[13:45] {nemo} after
[13:45] {Threei} break = goes through the level
[13:45] {Threei} so .10 as an offer disappears
[13:45] {_mikej} ty
[13:45] {ese} interesting day.......just through your dart......
[13:46] {_mikej} iam in
[13:46] {nemo} I missed
[13:46] {fernp} ty Vad. I am out
[13:47] {Threei} reletnless scalper
[13:47] {Threei} +t
[13:47] {fernp} :)
[13:47] {nemo} given the range today, kinda' makes sense
[13:48] {nemo} 1:1
[13:48] {Threei} fern is taking profits with no second thought... like three profiteers in one
[13:48] {Threei} over 1:1, half out for day traders
[13:48] {Threei} out for scalpers
[13:48] {Threei} see vinod... harassment wotks :)_
[13:49] {Threei} oh boy
[13:49] {Threei} works
[13:52] {Threei} 1:2
[13:52] {Threei} 1/4 more out
[13:53] {Threei} MGM CFO: Las Vegas business tone appears to have bottomed - conf comments (10.39, 0.28, 2.77%)
[13:53] {magoo} wheres resistance aig vad
[13:54] {Threei} {AIG} I know no resiatance... resistance is useless
[13:54] {Threei} .40 magoo
[13:54] {Threei} then .60
[13:55] {nemo} Mmmmmhhhh...AIG on the 5 minute chart looks kinda like Massachusetts
[13:55] {Threei} culture quiz: where is the quote "resistance is useless" from?
[13:55] {ese} now thats funny
[13:55] {BillyD} battlestar galactica
[13:56] {nemo} "resistance is futile" Star Trek Next Generation The Borg
[13:56] {Threei} nope... older
[13:56] {nemo} whoa
[13:56] {nemo} The Prisoner?
[13:56] {Threei} hmm... maybe not older...
[13:56] {Threei} anyway... clue:
[13:56] {nemo} that's the 60's
[13:56] {Threei} ok, not older then
[13:56] {Threei} Don't Panic!
[13:57] {dino} you will be assimulated
[13:57] {Threei} Hitch Hiker's Guide...
[13:57] {nemo} 70's
[13:57] {BillyD} never watched that
[13:58] {Threei} was radio thing aired in 70s nemo?
[13:58] {Threei} it preeceeded the book
[13:58] {nemo} Ohhhhh
[13:59] {magoo} out .30 TY boss AIG
[13:59] {magoo} DL
[13:59] {Threei} welcome sir
[13:59] {Threei} who still holding 1/4, stop to .15
[14:00] {magoo} are there numbers coming
[14:00] {magoo} ??
[14:03] {Threei} no... minutes of FOMC
[14:04] {Threei} *MINUTES OF JUNE 24 FOMC MEETING: UNEMPLOYMENT COULD EXCEED 10% THIS YEAR; MOST SEE ECONOMY AS WEAK AND VULNERABLE
[14:04] {Threei} - Sees risk that rising mortgage rates may hurt housing further
[14:04] {Threei} - Sees a danger of further decline in spending
[14:04] {Threei} - Officials are split as far as inflation risks; inflation will stay low, but see less of a downside risk
[14:04] {Threei} - 2009-2010 GDP outlook improved from April
[14:04] {Threei} I love this:
[14:04] {Threei} MOST SEE ECONOMY AS WEAK AND VULNERABLE
[14:04] {Threei} meaning, there are some that see it as strong and invincible?
[14:11] {ese} hey everybody.....am outta here for the day....my son(9yrs old) and i are hitting the links....catch ya tomorow
[14:11] {dino} 8580, 1497, 931, july 1 hod
[14:11] {Threei} take care ese
[14:11] {ese} cya vad......it's actually out by your place...Glen Meadows...by the airport
[14:11] {_mikej} aig nice trade first with you tk
[14:12] {dino} have fun es
[14:12] {ese} cya dino
[14:12] {Threei} wtg mike
[14:12] {dino} gj mike
[14:18] {Threei} SQNM...
[14:23] {dino} out apol .05, +.30
[14:25] {dino} ttwo to .11
[14:26] {dino} out ttwo .11, +.07 3x
[14:32] {dino} 1489 ndx gap filled 6/12
[14:33] {nemo} looks like a 300 point day coming
[14:34] {dino} +6.1% dji, ndx, s/p since fri
[14:35] {larisa} nah, +150 closing :)
[14:35] {dino} sds l .60
[14:45] {dino} what would you do if open gapsfilled
[14:45] {Threei} buy with both hands
[14:46] {dino} why?
[14:47] {Threei} 'cause to fill this gap in remaining time it would take such sharp selling, bounce would be in order
[14:47] {dino} i would look at it as breakdown
[14:47] {Threei} after bounce, sure
[14:47] {dino} sds stopped
[14:48] {Threei} but natural support after such dramatic szelloff... clear bounce point
[14:48] {dino} i would think double top
[14:53] {Threei} are we talking about the same gap? :)
[14:54] {dino} 931 double top would say to me. todays gap yes 905
[14:55] {dptl} have a good evening all
[14:55] {Threei} take care dp
[14:55] {dino} cya dp
[15:09] {larisa} no sellers.. only scared shorts:)
[15:10] {magoo} expirations
[15:21] {magoo} CIT halt
[15:21] {BillyD} I seem to see stocks jump up before my QQQQ chart uptick
[15:21] {BillyD} you guys see the same with your indicies?
[15:22] {Threei} (US) Senator Schumer (D): Healthcare insurers should pay $75-100B for overall healthcare overhaul
[15:22] {Threei} - Cutting costs is the best way to finance healthcare overhaul. (related IYH CVH AET UNH CI HUM HNT )
[15:40] {Threei} yawn
[15:48] {dino} zzzzzzzzzzzzzzzz
[15:49] {dino} looks like we are all wrong, no 300+, no 150+, no gap fill
[15:51] {BillyD} it's like a yoyo right now
[15:58] {larisa} we still have 3 min! i am a believer :)
[15:59] {Threei} ummm
[15:59] {Threei} 1
[15:59] {Threei} believe now? :)
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {larisa} later :)
[16:02] {fernp} good nite all
[16:03] {magoo} good nite
[16:03] {Threei} CIT Halted: news pending
[16:03] {Threei} - government aid package will be announced in next 24-hours - unconfirmed report
[16:04] {magoo} any reports vad?
[16:10] {dino} gotta hop, tee time in 20

Jul 14 2009

Another fine day with three winning trades on WFC (short, long short, like a fiddle) and RIMM long... followed of course by a long period of deep sleep.

Session Time: Tue Jul 14 00:00:00 2009

[08:29] {vinod} gm

[08:31] {larisa} morning :)

[08:32] {magoo} morning

[08:34] {fernp} hi everybody

[08:34] {nemo} haroo

[08:35] {Threei} Good morning

[08:35] {nemo} debatable

[08:35] {nemo} miss any good premarket trades?

[08:39] {cosmo} TTWO warns

[08:39] {vinod} Capstone Products Eligible for Reimbursement From $3 Billion U.S. Government

[08:39] {Threei} yesterday after hours, yeah

[08:41] {Threei} MKTX Awarded U.S. Patent for Request for Quotation Electronic Trading Capability

[08:41] {Threei} Awarded a U.S. patent for its electronic request-for-quotation (RFQ) method and system for client-to-multi-dealer trading of debt securities on a secondary market. This is the second patent granted to MarketAxess, which earlier this year received a patent for its electronic bid and offer list functionality.

[08:43] {Threei} AIG is just plain irritating

[08:44] {nemo} could be DB

[08:45] {magoo} yea...hey, any read GS

[08:45] {Threei} nope

[08:47] {magoo} [08:43] {&Threei} AIG is just plain irritating

[08:47] {magoo} now substitue vad for AIG lol

[08:48] {nemo} HAHAHAHAHAHA

[08:48] {Threei} sigh

[08:48] {Threei} and I thought my ense of humor qas bad

[08:48] {nemo} you were correct

[08:54] {dino} gm all

[08:55] {Threei} dino :)

[08:55] {nemo} dino :)

[08:56] {dino} gm

[09:01] {nemo} guess that was a DB on AIG

[09:01] {Threei} Awarded a U.S. patent for its electronic request-for-quotation (RFQ) method and system for client-to-multi-dealer trading of debt securities on a secondary market. This is the second patent granted to MarketAxess, which earlier this year received a patent for its electronic bid and offer list functionality.

[09:01] {Threei} oops

[09:01] {Threei} (US) Asst Treasury Sec Barr: Banks should have nothing to fear from new consumer protection agency (related XLF )

[09:01] {Threei} {Banks} uhhu

[09:01] {nemo} ubuntu?

[09:02] {texus} morning

[09:02] {nemo} say "hello" Vad

[09:03] {Threei} RMBS U.S. Patent and Trademark Office Rejects Additional Patent Claims That Rambus is Asserting Against NVIDIA (15.48, 0.00, 0.00%) (related NVDA )

[09:03] {Threei} sigh

[09:03] {Threei} good morning texus, welcome to the room

06[09:05] * Threei slaps nemo around a bit with a large warning: Do not try to bring out the best in me, you may not like it

[09:05] {Threei} GS CFO: Goldman as virtually no direct exposure to the consumer - comments to reporters (149.44, 0.00, 0.00%)

[09:05] {nemo} depends on you define "best"?

[09:05] {Threei} TBUS Receives a Significant Order From a Bus Vehicle Manufacturer in India (1.64, 0.00, 0.00%)

[09:05] {Threei} I am pretty sure I read this TBUS news last week

[09:05] {BillyD} morning

[09:05] {nemo} Like, best for Jeffery Dahmer, or best for Florence Nightingale :)

[09:05] {Threei} Billy :)

[09:11] {Threei} WFC Hearing Sterne Agree making cautious comments (timing uncertain) (24.80, 0.00, 0.00%)

[09:11] {dino} texus welcome to the jungle

[09:12] {Threei} Comments surround analysis that indicates WFC may need to tap the equity markets

[09:12] {nemo} perhaps "asylum" might be more appropos

[09:12] {Threei} nemo knows

[09:12] {nemo} yeah, it's a bitch typing with your elbows because of these really long sleeves

[09:13] {Threei} whew.... I was wondering... no comeback for whole 30 seconds

[09:13] {Threei} all is well again

[09:13] {dino} lol nemo

[09:13] {nemo} sorry...all nighter last night...tired

[09:13] {Threei} it's OK... you don't have to be awake to trade

[09:14] {nemo} As long as my chin hits the buy button at the right time

[09:15] {Threei} just make suree sell button is not right under your nose, or you may take profit faster than you intended

[09:15] {vinod} nemo sorry...all nighter - like to know detail about it

[09:15] {nemo} good point, with my nose, that always enters the room first

[09:15] {Threei} uh oh... you sure vinod?? :)

[09:15] {nemo} hehehehehe

[09:16] {jfjf64} mornin

[09:16] {Threei} jf :)

[09:16] {Threei} WFC...

[09:16] {Threei} .80 is breakdown point on 1 min so far

[09:16] {nemo} Goldman: 4.53/shr vs 3.54 expected....there'll be howling today

[09:17] {Threei} and yesterday's high

[09:17] {Threei} morning hectic trading can make this short very profitable and quick loss with the same odds

[09:20] {Threei} AIG forms breakout, believe it or not

[09:20] {Threei} I am not a buyer here, it's not really breakout stock

[09:21] {nemo} guess that means it'll breakout

[09:21] {Threei} let's see if WFC forms resistance close enough for a decent stop placement

[09:22] {Threei} ideally would like to see it staying under .90

[09:22] {Threei} then .80 break would be a nice short trigger with relativeley small stop

[09:22] {Threei} don't go crazy on size though, this one is capable of disgusting slippage

[09:25] {ese} GM

[09:25] {Threei} ese :)

[09:25] {nemo} frickin' aig

[09:26] {Threei} yeah

[09:26] {Threei} shrug

[09:27] {vinod} dead man walking-AIG

[09:27] {nemo} don't forget to wet the sponge

[09:29] {magoo} its prob giving us a nice short opportunity eventusally'

[09:29] {magoo} AIG

[09:29] {Threei} eventually, of course

[09:29] {Threei} but premature shorts get killed

[09:29] {magoo} io mean, lets see 24 again

[09:29] {Threei} wow... I doubt that :)

[09:30] {Threei} although you know.... stranger things have happened

[09:30] {nemo} rally!

[09:30] {Threei} anyone went for WFC short, cover half here

[09:30] {nemo} oops, Larisa's here

[09:30] {cosmo} ttwo

[09:30] {cosmo} tests

[09:31] {_johnk3} great trade WFC, thx :)

[09:31] {Threei} welcome

[09:31] {Threei} feel free to cover in full

[09:31] {Threei} when it bounces it will be fast and furious

[09:32] {Threei} 16.20 buyer AIG can't believe it

[09:32] {magoo} TTWO up

[09:32] {Threei} and swears off market orders forever

[09:32] {Threei} Long Setup: WFC .50 break if stays above .40

[09:33] {magoo} in

[09:33] {Threei} keep stop on WFC as if your life depends on it

[09:33] {Threei} it can really hurt if you don't

[09:33] {ese} compx pulling same stunt as yestereday? down to start ......finish up......most earnings releases have been god

[09:34] {ese} good

[09:34] {Threei} QTWW Obtains $3 Million of New Debt Financing; Restructures Existing Credit Facility and Renews a $10 Million Commitment Letter (0.70, 0.02, 2.32%)

[09:35] {magoo} RIMM

[09:35] {Threei} 1:1 for scalpers, day traders half out

[09:35] {jfjf64} tyty

[09:35] {Threei} stop to .45 for the balance

[09:35] {BillyD} ty

[09:36] {Threei} AIG... lol

[09:36] {Threei} really, who would have guts to buy it at .40

[09:37] {Threei} 16.20 buyer offers AIG at .21 and holds his breath

[09:37] {fernp} lol

[09:37] {BillyD} amidst the tears

[09:38] {Threei} scalpers win on WFC

[09:38] {jfjf64} ya ya

[09:39] {nemo} patience must be thrilled with tck

[09:39] {Threei} STSI Hearing strength attributed to speculation that tobacco case against firm could be overturned (1.14, 0.18, 18.75%)

[09:39] {nemo} interesting, that scalp pulled back to the BB average and dropped

[09:39] {Threei} WFC you mean?

[09:40] {nemo} yes

[09:40] {patience} it has nice volume each day and good movement....its a nice one for scalping nemo :)

[09:40] {Threei} sign of weakness

[09:40] {nemo} what other scalp you have this morning?

[09:40] {Threei} coulnd't go to upper BB

[09:40] {Threei} even as market helped

[09:40] {Threei} actually.. if market helps:

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

[09:41] {Threei} stop above .50 for scalpers

[09:41] {Threei} above .55 for day traders

[09:41] {Threei} 1:1 for scalpers

[09:42] {jfjf64} gs pullbk

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

[09:45] {Threei} let's be stingy

[09:46] {Threei} 1:1 for day traders

[09:46] {Threei} if you partial, stop to .41

[09:46] {Threei} no weay to turn this trade into loss

[09:47] {Threei} and don't ask me what "weay" is

[09:47] {nemo} make it from milk, right?

[09:47] {Threei} dp is not here, which means I have only nemo and magoo to blame for my typing... and my typing is so bad, I need more than just two people to lran on

[09:47] {dino} sm l sds .25

[09:47] {nemo} that poor market buyer in aig

[09:48] {Threei} now, what kind of news is this:

[09:48] {Threei} (CA) Canada Jun existing Home prices +3.6% y/y (related USD/CAD )

[09:52] {Threei} stop to .35

[09:53] {Threei} 1/2, cover 1/4 more

[09:53] {Threei} 1:2

[09:54] {dino} sds to flat

[09:54] {jfjf64} rimm ?

[09:55] {Threei} (US) Assistant Treasury Sec Barr: GSE reform to come in Feb 2010

[09:55] {Threei} - Note: US Rep Frank commented last week that GSE reform would be a priority, but not until 2010 (related FNM FRE )

[09:55] {Threei} in Feb?

[09:55] {vinod} for me 24.25 to cover WFC

[09:55] {Threei} I want to know exact dsate and time

[09:55] {nemo} that's when they'll start talking about it

[09:56] {Threei} not sure here jf

[09:56] {vinod} shorted at .40 break wfc

[09:57] {Threei} here we go, 1:2

[09:57] {dino} esi strog today

[09:58] {dino} strong

[09:58] {Threei} stop to .25 for the last portion if you are very stingy

[09:59] {vinod} ty-boss cover at .07

[09:59] {Threei} welcome sir

[10:00] {vinod} see you after 14.00

[10:00] {Threei} vene vidi vici

[10:00] {nemo} bye vino

[10:00] {nemo} vene vidi and kicked ass

[10:01] {dino} sds stopped flat

[10:03] {dino} amag sm l .70

[10:03] {Threei} who is still holding last piece:

[10:03] {Threei} stop to above .20,

[10:04] {Threei} next cover or next trail when/if it breaks 24

[10:04] {nemo} that volume spike @ 10

[10:05] {Threei} I am not sure it has any significance... maybe yes maybe no

[10:05] {Threei} just going with routine procedure here

[10:05] {nemo} not closing above that 13 ma

[10:05] {Threei} abandoning thinking

[10:05] {Threei} (which is easy and enjoyable)

[10:06] {Threei} 1:3 is .95

[10:06] {Threei} make uop your mind, cover or trail

[10:06] {Threei} both a valid,

[10:06] {Threei} your personal risk tolerance and objectives kick in here

[10:07] {Threei} mags... did we finally get WFC or what?

[10:07] {Threei} 3 for 3

[10:07] {BillyD} amazing on WFC

[10:08] {Threei} elusive one

[10:08] {BillyD} yes

[10:08] {Threei} shook us out a few times

[10:08] {Threei} (US) Reportedly House healthcare reform bill would create a commission to recommend changes in Medicare reimbursement

[10:08] {Threei} - Reform bill includes surtax on the wealthy beginning in 2011, with a possible rate increase in 2013.(1% tax on $350/year could go to 2% in 2013, $500K in earnings taxed at 2% in 2011, going to 3% in 2013; $1M in earnings tax at 3% rate in 2011, moving to 4% in 2013)

[10:08] {magoo} u doing well weith the double sided plays :)

[10:08] {_johnk3} managed to get three small chunks of this trade :)

[10:08] {Threei} I hope there is no second meaning in there

[10:09] {Threei} cool beans johnk

[10:09] {_johnk3} thx

[10:09] {Threei} how do you like all this focus on tax?

[10:09] {nemo} gonna' be a lot more of it

[10:10] {jfjf64} sqnm

[10:10] {nemo} missed aig short

[10:11] {Threei} WFC 16.20 buyer cancels his sell order, puts the stock in his long term account, refuses to look at P/L column

[10:11] {Threei} sorry, that was for AIG

[10:11] {dino} apol sm l .00

[10:11] {BillyD} it will come back vad :)

[10:12] {Threei} of course... so though QCOM buyer at 700 in 2000

[10:12] {Threei} thought

[10:12] {BillyD} lol

[10:13] {Threei} let it be the lesson for unenlightened; NO MARKET ORDERS ON THE OPEN

[10:14] {Threei} wow

[10:14] {Threei} serious dump

[10:14] {_johnk3} aig

[10:14] {Threei} let's see if we can get readable short on bounce

[10:15] {Threei} but keep size down to half lot

[10:15] {Threei} {AIG} what bounce...

[10:17] {Threei} maybe it's a bit of going to the same well one too many times but...

[10:17] {Threei} Long Setup: AIG .20 break if stays above .10

[10:17] {BillyD} hmmm

[10:17] {larisa} wfc you mean?

[10:17] {Threei} grr

[10:17] {Threei} lol

[10:17] {Threei} yes

[10:17] {Threei} how come I started confusing them today

[10:18] {Threei} Long Setup: WFC .20 break if stays above .10

[10:18] {larisa} put watermark on your charts or something :)

[10:19] {Threei} I like how it's holding here

[10:19] {Threei} if it's capable of stayin at this level and breaking, should be good

[10:21] {Threei} invalidated

[10:21] {Threei} Long Setup: AIG .60 break

[10:21] {Threei} half lot

[10:21] {nemo} you feeling o.k.? You spelled that correctly

[10:21] {Threei} hehe

[10:21] {Threei} invalidated

[10:23] {nemo} wfc got that higher low going

[10:23] {Threei} feels like reversal to me

[10:23] {Threei} jst can't find good structure

[10:24] {nemo} about that time

[10:24] {wulff} in WFC

[10:24] {dino} qcom sm l .25

[10:24] {Threei} where did you enter wulff?

[10:24] {wulff} .17

[10:25] {wulff} half

[10:26] {BillyD} AIG nasty drops

[10:26] {nemo} lod stop on qcom dino?

[10:26] {BillyD} unless you are short of course

[10:26] {Threei} we had a few trades on it before you connected... careful, make sure it's not a revenge trading on your part

[10:27] {dino} yes nemo

[10:29] {Threei} I suggest to designate someone to blame that we haven't shorted AIG

[10:29] {nemo} DP

[10:30] {Threei} dp is not here, so yeah

[10:30] {Threei} he is the best candidate

[10:30] {nemo} perfect

[10:30] {nemo} we'll tear him a new one next time he shows up

[10:31] {nemo} energy strong today financials (duh) in the red, everything else pretty flat

[10:32] {dino} amag stopped off my screen

[10:37] {wulff} out WFC

[10:38] {ese} BRCM ascending triangle....vad if you get a chance to look at it....are price swings too big or should they be tighter when working toward a high......will it make a difference on a breakout if the swings are larger

[10:39] {Threei} I like it overall

[10:39] {Threei} it won't go without market help

[10:39] {ese} the large price swings?

[10:40] {ese} true

[10:40] {Threei} no, overall look

[10:40] {ese} tks

[10:40] {Threei} I don't think I'd go for break on it

[10:40] {ese} tks

[10:40] {Threei} rather try to get it aggressively off support if markert reverses upward and allows entry

[10:41] {nemo} fcx testing support

[10:41] {Threei} then eiter scalp it inot move to resiatnce or partial of market shows more strength

[10:41] {ese} tks

[10:41] {ese} was thinking entry here

[10:42] {ese} opps...invalidated

[10:44] {wulff} WFC not falling

[10:44] {Threei} SF Fed Economist: Expects a gradual recovery to begin in Q3

[10:44] {wulff} of 2015

[10:44] {nemo} define "gradual"?

[10:44] {nemo} we're all dead in 2012 wulff

[10:45] {wulff} oh, forgot

[10:45] {Threei} wow... you are deep thinker... I am still working on "a"

[10:45] {Threei} labor market slack worse than 1982 recession

[10:45] {Threei} - Does not see correlation between high fiscal deficit levels and inflation levels

[10:46] {nemo} what about money printing to cover the deficits?

[10:48] {Threei} MTXX Hearing strength attributed to speculation regarding filing for new form of Zicam (6.06, 0.55, 9.98%)

[10:49] {Threei} MTXX has squeeze potential

[10:49] {Threei} needs better pullback for entry

[10:50] {ese} L egle .71

[10:50] {ese} the eagle has landed ?

[10:50] {nemo} or is it a turkey?

[10:50] {Threei} well, if EGLE, then DRYS should be a play too

[10:51] {ese} could be turkey...we'll know in a minute

[10:51] {wulff} round 2 WFC.17

[10:55] {wulff} 1:1

[10:56] {Threei} Long Setup: RIMM .63-.65

[10:56] {Threei} if stays above .50

[10:56] {magoo} in

[10:56] {ese} out egle .77 +.06

[10:56] {ese} 5k

[10:56] {dino} nice

[10:56] {nemo} If you say Rimm Mags is in

[10:57] {Threei} (US) Pres Obama: Sees unemployment figures to continue to tick higher in coming months

[10:57] {Threei} - Not immediately clear how fast jobs can be restored

[10:57] {Threei} - Reminder: In past week administration acknowledged that it saw unemployment rising to 10% or higher

[10:58] {Threei} Not immediately clear how fast jobs can be restored? But I thought as soon as stimulus bill was passed... whcih was so urgent...

[10:58] {wulff} in .63

[10:59] {dino} ttwo l .02

[11:02] {ese} egle was outa line by the way......should not have traded 5k on it.......should have been more like 1 or 2k if that......anyone new to the board .....i wouldn't do that if i were you

[11:03] {ese} just thought that i would qualify that trade because the volume was quite low on it

[11:03] {Threei} NY Fed: Purchased $7.5B in $300B outright coupons purchase; Dealers submitted $14.7B for consideration (bid to cover 1.96)

[11:06] {ese} L qqqq .56

[11:07] {Threei} let's trail RIMM to .55

[11:08] {Threei} time for it work or stop bothering us

[11:11] {magoo} vad AIG lomg?

[11:11] {Threei} WFC treats you well this time wulff

[11:11] {wulff} yup

[11:11] {Threei} no read on it mags, sorry

[11:11] {magoo} grrrrr

[11:12] {Threei} 50/50 really

[11:12] {wulff} 1:2

[11:13] {Threei} RIMM 1:1

[11:14] {dino} gj

[11:14] {Threei} US Senator Tester (MT) (D): Not happy with Goldman Sachs' compensation decisions

[11:14] {Threei} {GS} as if we give a flying sneeze about your happiness

[11:16] {Threei} (US) House Majority Leader Hoyer (D): Passage of healthcare bills by August is possible (related IYH )

[11:16] {ese} out qqqq .63 +.07

[11:17] {Threei} 1:2

[11:17] {Threei} me out RIMM in full

[11:17] {Threei} +.31

[11:17] {fernp} gj Vad. ty

[11:17] {Threei} :)

[11:17] {jfjf64} ty ty

06[11:17] * Threei slaps magoo around a bit with a large roll of cash

[11:18] {Threei} twice jf??

[11:18] {Threei} well...

06[11:18] * Threei slaps jfjf64 around a bit with a large roll of cash

06[11:18] * Threei slaps jfjf64 around a bit with a large roll of cash

[11:18] {jfjf64} new blackberry

[11:18] {magoo} out rimm Ty

[11:18] {jfjf64} new blackberry

[11:19] {Threei} enjoying new toy?

[11:19] {Threei} enjoying new toy?

[11:19] {larisa} lol lol

[11:19] {jfjf64} larissa

[11:19] {jfjf64} larissa

[11:19] {jfjf64} hello

[11:19] {larisa} hi :)

[11:19] {Threei} {Raven} you guys are degrading right before my very eyes

[11:20] {nemo} life process

[11:20] {nemo} move towards entropy

[11:21] {nemo} dust to dust ashes to ashes

[11:21] {nemo} too much alcohol

[11:21] {wulff} out WFC

[11:21] {Threei} wtg

[11:22] {Threei} committed to paying for healthcare reform; surcharge on wealthy is just one option

[11:22] {Threei} - US House Bill includes new taxes on incomes in excess of $350K/ye

[11:22] {Threei} why do I shudder hearing "surcharge on wealthy"

[11:22] {nemo} one of many they will use

[11:22] {nemo} eventually "wealthy" will be defined as anyone paying taxes

[11:23] {Threei} by the mindset, this is total 1917 in Russia

[11:23] {nemo} You already have 1/3 that don't

[11:23] {dino} more like 50%

[11:23] {nemo} Marx said the US would be the perfect place for Communism

[11:23] {nemo} will be Dino

[11:24] {dino} well if you consider minors way over nemo

[11:24] {nemo} true

[11:25] {dino} ice lod

[11:26] {dino} qcom hod

[11:33] {Threei} SEC's Shapiro: Uptick rule will hopefully be addressed by the end of the summer months; hopes SEC approves short sale rules (related XLF )

[11:34] {Threei} who cares about that bs

[11:34] {Threei} imitation of activity...

[11:34] {dino} means nothing

[11:34] {nemo} have to give the hordes a piece of bread

[11:35] {Threei} 8:09:36 AM

[11:35] {Threei} Immunomedics Inc Shares assumed Buy at Brean Murray; ADLR resumed Buy

[11:35] {Threei} - IMMU price target $8

[11:35] {Threei} - ADLR price target $4

[11:35] {Threei} IMMU moving...

[11:35] {dino} out ttwo .14, +.12 dl

[11:36] {Threei} nice one dino

[11:36] {dino} ty

[11:40] {ese} Lfitb .00

[11:40] {dino} sm l ice .50

[11:41] {ese} comp/ndx go through there daily highs and i think it's going to be another day like yeaterday

[11:41] {dino} say it isn't so es

[11:42] {ese} ya yer right.....it ain't gonna happen.......man wisen up es!

06[11:44] * Threei sends ese a bottle of 40% Wisener

[11:44] {magoo} vad..a read on AIG?

[11:44] {magoo} i know...GRRR

[11:45] {dino} ice stopped

[11:48] {ese} nahhh i like that vodka from the other day vad......

[11:48] {ese} could have just lit a match to me and ....whoooooosh....

[11:51] {ese} fitb....don't fail me now baby!!!!!!!

[11:51] {magoo} A

[11:51] {magoo} I

[11:51] {magoo} G

[11:52] {ese} mags your hillarious

[11:52] {magoo} i took .30 after asked vad

[11:52] {dino} ice rinsed

[11:52] {Threei} {magoo} ty ese, the rest of humanity thinks I am annoying

[11:52] {magoo} out here

[11:53] {Threei} US Sen Dodd: Providing Fed with authority as systemic regulator places independence at risk as more authority would need to be given to Congress to oversee the Fed

[11:53] {larisa} .20 was good support, you did not need to ask, nice call mags :)

[11:53] {magoo} if vad would quit dismissing magoo..he'd see some trades lol

[11:54] {Threei} I wish I could mags...

[11:54] {larisa} lol

[11:56] {Threei} GS CFO: Not expecting to keep leverage ratios at these historical low levels over time - conf call Q

[11:58] {Threei} interesting... what leverage they are at

[12:09] {magoo} give me a A

[12:09] {magoo} give me an I

[12:09] {magoo} give mer a G

[12:09] {Threei} cheerleaders dance around magoo, golden pompons waving

[12:10] {dino} i wish

[12:10] {Threei} lol

[12:11] {magoo} skirts a flyin"

[12:25] {Threei} Microsoft CEO: Google's new operating system product does not make much sense

[12:25] {Threei} - Note that last week Google unveiled its Chrome OS, a free operating system that it hopes will compete with Windows.

[12:25] {Threei} of course not

[12:25] {Threei} just as got Google MSFT's search engine doesn't make amy sense

[12:25] {Threei} got = for

[12:26] {Threei} sheesh... 2 mistypes in 3 letter word??

[12:26] {Threei} I hit new lows...

[12:26] {BillyD} that was more of grammar error vad

[12:29] {ese} signing off for about 30min all see ya in a bit

[12:29] {Threei} we will be here ese

[12:30] {Threei} even if sleeping

[12:54] {wulff} and you mean sleeping

[12:55] {Threei} actually I meant being in coma

[12:56] {dino} sm l esi .25

[13:14] {Threei} unlike yesterday, today market didn't have any worthy range at all... less than 15 p;oints NQ range

[13:25] {Threei} I like the symbol

[13:25] {Threei} EGO

[13:25] {BillyD} RIMM near low but no real feel

[13:26] {Threei} feels liike breakdown to me

[13:26] {BillyD} stop .15?

[13:26] {BillyD} even without mkt help?

[13:27] {Threei} enough for market to stay inactive

[13:27] {Threei} exact structure of the play is not very clear

[13:27] {Threei} mostly because of pacxe being too flat

[13:27] {Threei} no real changes

[13:28] {BillyD} 50/50 on it?

[13:29] {nemo} it's staying below the 13 ma in the BB

[13:29] {nemo} market strengthening a bit

[13:30] {Threei} not even 50/50...

[13:30] {Threei} rather 33/33/33

[13:30] {BillyD} lol....

[13:31] {Threei} where last 33 is for "will never move anewhere"

[13:31] {BillyD} I fugured that was the middle 33

[13:34] {Threei} Chrysler financial reports full repayment of $1.5B of TARP funds (related F GMGMQ )

[13:34] {Threei} so, everyone repays TARP.. no inflation threat?

[13:35] {dino} you forget aboput the budget

[13:52] {Threei} MTXX... keeping half eye on it

[13:55] {KSystems} lol

[13:56] {KSystems} i still have a few of those

[13:59] {Threei} you investor you

[14:03] {dino} apol to .40

[14:04] {ese} howsssszit goin......i'm back like bad BO

[14:05] {BillyD} thought I smelled something

[14:05] {BillyD} lol

[14:06] {ese} ha ha good one.....gotta stop settin myself up like that

[14:07] {dino} nasty

[14:07] {BillyD} sorry, ese this afternoon is boring

[14:11] {dino} apol to .50

[14:11] {dino} esi to .60

[14:11] {ese} no apology necessary.......it's the old "don't get angry......get even thing"

[14:12] {BillyD} lol

[14:14] {dino} apol to .59

[14:15] {dino} to .65

[14:16] {Threei} LMT Announces job cuts in plant in NY due to cancellation of Presidential Helicopter program

[14:16] {dino} esi to .65

[14:16] {Threei} 600 jobs to be cut of total 3,000 workforce

[14:17] {Threei} lt me get this straight... presidential mprovoements to this and that actually cost us jobs?

[14:18] {larisa} mprovoements is new

[14:19] {dino} qcom to .55

[14:19] {dino} out esi .70, +.45

[14:20] {larisa} gj :) now sell APOL so we all can sleep

[14:21] {dino} lol

[14:21] {dino} nemo, you still have qcom?

[14:22] {nemo} no sir

[14:22] {dino} scalpped it?

[14:22] {nemo} out at .50 when it hit resistance, got nervous after that volume spike

[14:23] {dino} gj

[14:23] {dino} had thoughts of .80, but not happening

[14:26] {dino} out qcom .59, +.34

[14:26] {BillyD} gj dino

[14:26] {dino} ty

[14:28] {dino} apol to .80

[14:28] {dino} esi continues up

[14:29] {dino} out apol .85, +.85

[14:30] {larisa} :)

[14:30] {dino} ;)

[14:32] {dino} pot?

[14:33] {dino} ice trying

[14:33] {nemo} wedging up but resistance @ 83.25

[14:33] {Threei} Citigroup Inc Pennsylvania Securities Commission reportedly instructs company to return 'hundreds of millions' of dollars to thousands of state investors

[14:33] {Threei} - Commission mandates Citigroup pay $2.31M assessment to the state

[14:33] {Threei} - Citigroup must offer to repurchase ARS from retail investors but not necessarily institutional or professional investors

[14:34] {nemo} pot that is

[14:35] {dino} i understood

[14:35] {dino} prefer it around 82.50

[14:48] {dino} blew thru

[14:49] {nemo} yeah volume increased too on the rise

[14:49] {ese} ahhh bugger it....out fitb .04 +.04 7k

[14:51] {dino} gj

[14:54] {ese} tks.....flat market....didn't give me anymore

[15:01] {Threei} ENER Confirms Supply Agreement With Inovateus Solar

[15:01] {Threei} - signed a supply agreement with Inovateus Solar. Inovateus expects to purchase up to 10MW of UNI-SO... (12.38, -0.36, -2.83%) more...

[15:07] {Threei} US govt reportedly considering making direct mortgage payments on behalf of some homerowners who are late on payments; also considering whether to allow delinquent borrowers to stay in their homes as renters - unconfirmed report

[15:07] {Threei} hmmm

[15:07] {Threei} I am getting interested

[15:08] {Threei} maybe I should move to the Sates and let your goverment pay my mortgage

[15:16] {BillyD} come to AZ Vad, we have alot of vacant homes for you to choose from

[15:16] {Threei} actually... my friends just bought winter house there

[15:17] {Threei} and I may drop by next Feb

[15:17] {BillyD} good time to visit

[15:19] {Threei} FITB is so perfetc chart fpr .05 break

[15:19] {Threei} too bad it's so narrow

[15:27] {vinod} I wish I had time to bother you guy little more

[15:28] {vinod} look like nemo shoot AIG down?

[15:28] {nemo} wtf did I do?

[15:30] {Threei} Fed's Hoenig: US economy near bottom of downturn

[15:31] {Threei} {US economy } am I?

[15:31] {Threei} {bottom of downturn} where is US economy?

[15:31] {BillyD} they been saying that for 2 years

[15:32] {Threei} a return to trend GDP growth by 2011

[15:32] {Threei} - Forecasts for positive growth in Q2 most likely 'optimistic'; must avoid an inflation

[15:33] {magoo} c'mon vad..get me a winner or i quit your room LOL

[15:34] {nemo} Really?

[15:34] {BillyD} rofl

[15:34] {larisa} lol

[15:35] {magoo} on second thought.....or i'll NEVER quit

[15:35] {nemo} no win situation Vad

[15:38] {dino} ttwo l .05

[15:40] {vinod} yes, vad make us long term investor?

[15:43] {larisa} RIMM is so annoying, and its support is annoying also :)

[15:44] {BillyD} I agree Larisa....

[15:44] {dino} out ttwo .10, +.05 3l

[15:44] {Threei} magoo

[15:45] {Threei} if I give you 10 and one of them works, does that count?

[15:45] {dino} ice sm l .50 last time

[15:50] {dino} i will gladly pay you tomorrow for a hamberger today

[15:51] {dino} e=u

[15:51] {Threei} CIT S&P: CIT default could impact 1,800 synthetic CDOs

[15:51] {Threei} great

[15:51] {Threei} where is that elusive "downturn bottom"

[15:53] {dino} saia drop

[15:53] {BillyD} ina stack

[15:54] {vinod} have a good evening to all

[15:55] {Threei} you too vinod

[15:55] {dino} cya vinny

[15:55] {Threei} FITB strong finish

[15:55] {Threei} pretty chart

[15:55] {Threei} worth watching tomorrow

[15:59] {Threei} okay guys, thank you all

[15:59] {Threei} have a good evening

[15:59] {BillyD} u 2 Vad

[15:59] {Threei} see you tomorrow

[15:59] {larisa} bye

[16:00] {Threei} mags

[16:00] {Threei} ALTR, INTC, YUM.

[16:01] {dino} cya vinny

Jul 13 2009

Nice star to a week - 6 calls, 5 wins. RIMM and AIG made the day.

Session Time: Mon Jul 13 00:00:00 2009

[08:17] {nemo} Morning Raven

[08:20] {Raven} howdy

[08:20] {nemo} How's the birding going?

[08:21] {Raven} slow ... getting late ... singing subsided

[08:22] {nemo} one of the simple pleasures in life...waking up to birdsong. Having said that the spring cacophony can be worse than city traffic

[08:22] {Raven} nothing is worse than city traffic

[08:22] {nemo} City anything

[08:23] {Raven} correct

[08:47] {vinod} Good Morning nemo Raven and to all

[08:47] {nemo} hello

[08:47] {Raven} morn :)

[08:48] {vinod} look like they got Whitney to pump bank stock today?

[08:48] {nemo} GS upgrade...Government Sachs strikes again

[08:49] {Threei} (US) Treasury Sec Geithner: Have seen a significant easing of the financial crisis, expects different global regions to emerge from crisis at difference times

[08:49] {Threei} - Sees a good chance US and overall global economy will return to growth over the second half of 2009.

[08:49] {Threei} - Warns that the global recovery still faces plenty of sigificant risks and challenges.

[08:49] {Threei} - Monitoring CIT situation closely, US has the authority it requres to resolve CIT if needed.

[08:49] {Threei} - There is strong consensus among global economic players on measures needed to stoke recovery.

[08:49] {Threei} - The maximum impact of US stimulus spending is only just beginning to be felt

[08:50] {Raven} blahblahblahblahblah

[08:50] {vinod} aren't we in second half of 2009?

[08:51] {nemo} are we?

[08:51] {vinod} I am confuse now may be we are in frist half

[08:52] {Raven} we are in the first half of the second half

[08:52] {nemo} Arguably the first 1/8

[08:53] {cosmo} its the start of the 3rd quarter

[08:53] {KSystems} Maybe it'd be hard to find a place in time that is earlier in the second half

[08:53] {nemo} We

[08:53] {nemo} We're in Cancer transitioning to Leo

[08:53] {vinod} please don't miss quote him. he means second half of 2010

[08:54] {Threei} Merdeith Whitney: Unemployment could reach 13% (no timeframe provided) - CNBC

[08:55] {Threei} The Goldman Sachs Group Inc Follow up: Shares continue to trade higher in the NY pre-market as Meredith Whitney speaks live on CNBC

[08:55] {Threei} - Call on financials: To move +15% before flat-lining, then will make another down move

[08:55] {Threei} - Continues to be worried about the consumer, does not expect consumer levels to come back any time soon

[08:55] {Threei} - Levels of loan modifications will remain high, this will extend the lifetime of current loan facilities

[08:55] {Threei} *Reminder: Earlier in session: Shares raised to Buy from Neutral by Meredith Whitney, price target $186

[08:56] {cosmo} unemployment skyrockets on weekends ... ya know

[08:58] {dino} gm all

[08:59] {Threei} dino :)

[09:00] {dino} :)

[09:00] {ese} gooooooood morning

[09:00] {ese} dino

[09:02] {Threei} ese :)

[09:03] {BillyD} gm everyone :)

[09:04] {Threei} Billy :)

[09:06] {Threei} I just realized what is drastically different this summer

[09:06] {nemo} volatility?

[09:06] {Threei} anyone noticed which sentence that we used to hear every summer was not used even once this time?

[09:07] {Threei} Raven... we used to wonder where they got the idea

[09:07] {Threei} "Summer rally"

[09:08] {cosmo} long hot summer?

[09:08] {magoo} morn

[09:08] {Threei} every summer they would start talking about it as if it were given that every summer we have a rally

[09:08] {Threei} magoo :)

[09:09] {Raven} summer doldrums

[09:09] {cosmo} beach rallies

[09:09] {magoo} why GS up 5??

[09:09] {nemo} upgrade

[09:10] {ese} morning vad....was just geting my coffee

[09:10] {Threei} :)

[09:10] {magoo} ty, why financials up?

[09:10] {Threei} doldrums is legitimate one

[09:10] {Threei} that I accpet

[09:11] {Threei} or accept... depending on my mood

[09:11] {Raven} sigh

[09:12] {fernp} good morning everybody

[09:12] {Threei} fern :)

[09:12] {dino} ady

[09:14] {ese} hmmmm $110 target for RIMM Broadpoint AM Tech.....whoever they are

[09:15] {ese} $175 for appl

[09:15] {ese} aapl...

[09:16] {magoo} new tho

[09:19] {ese} kinda looks like an up day?......

[09:20] {dptl} good morning all

[09:20] {Threei} so fra...

[09:20] {Threei} dp :)

[09:20] {ese} ddddddddpppppppppp!!!!!!!!!1

[09:20] {dptl} :)

[09:22] {jfjf64} mornin boys

[09:22] {Threei} keeping an eye on AIG

[09:22] {Threei} jf :)

[09:24] {ese} jf......

[09:24] {magoo} u thinking up or down today vad

[09:24] {nemo} available to short today

[09:24] {Threei} me? thinking??

[09:24] {Threei} thatnk you magoo, this is so flattering

[09:25] {nemo} stand up, it'll be easier if you take pressure off your brain

[09:29] {vinod} Expecting early bounce followed by reality

[09:30] {Threei} Long Setup: BACK .40 break

[09:31] {Threei} if stays above .35 for scalpers, .30 for day traders

[09:31] {Threei} BAC

[09:33] {magoo} AIG dam

[09:33] {Threei} AIG is still in a state of blissful vacation of reason

[09:35] {Threei} BAC 1:1

[09:36] {dino} pot blood again

[09:36] {Threei} over 1:2, I am out

[09:37] {cosmo} SNDK hod = 14.99

[09:37] {cosmo} fwiw

[09:37] {cosmo} testing...

[09:39] {cosmo} sigh

[09:39] {ese} in and out of fitb .81 to .88 +.07

[09:39] {nemo} How many little buggers?

[09:39] {ese} appologies didn't have time to post

[09:39] {dino} scanners all red

[09:39] {ese} 4k nemo

[09:40] {nemo} not a bad day's work

[09:40] {ese} nope i'll take it for sure

[09:40] {nemo} Is "you know who" speaking or somethin'?

[09:41] {Threei} Long Setup: RIMM .80 break half lot

[09:41] {Threei} if stays above .65

[09:42] {Threei} .70 even if sets up from here

[09:43] {Threei} that was easy

[09:43] {Threei} take scalp

[09:43] {magoo} oput .17 TY

[09:43] {nemo} took scalp ty

[09:43] {tomg} ty vad

[09:43] {Threei} hmmm... how do I slap two in one line

[09:43] {Threei} three

[09:44] {Threei} ok... no script for that, will have to work hard...

06[09:44] * Threei slaps magoo around a bit with a large roll of cash

06[09:44] * Threei slaps nemo around a bit with a large roll of cash

06[09:44] * Threei slaps tomg around a bit with a large roll of cash

[09:44] {nemo} smaller roll...only half lot

[09:45] {Threei} yeah but over 1:3 in a few seconds

[09:45] {Threei} PRGO

[09:45] {nemo} o.k.

[09:45] {Threei} PRGO Receives FDA Approval to Market Cherry and Cinnamon Flavored Nicotine Lozenges (26.91, 0.28, 1.05%)

06[09:45] * nemo slaps nemo around a bit with a large Vad

[09:46] {cosmo} do they have regular flavor?

[09:46] {johnnyj} its all about leverage nemo

[09:46] {magoo} u say rimm..i am in

[09:46] {tomg} me too

[09:46] {Threei} poetry on Monday morning...

[09:46] {nemo} what's about leverage JJ?

[09:46] {ese} opposite of friday market....dow up, comp/ndx dn...friday dow dn, comp/ndx up....hmmmmm

[09:47] {magoo} GS crushing

[09:47] {nemo} But they got an upgrade...this doesn't make sense...Oh my GAWD!!!

[09:47] {Threei} Short Setup: AIG .50 break half lot if stays under .70

[09:48] {Threei} invalidated

[09:50] {Threei} look our BAC exit

[09:50] {magoo} yea

[09:50] {magoo} rimm somewhere a bounce vader

[09:51] {Threei} needs one more leg down at leasdt

[09:51] {nemo} aig going

[09:51] {Threei} not a bouncer here

[09:51] {magoo} AIG just has a way of making me feel stupid

[09:51] {Threei} ummm...

[09:51] {nemo} Mags, don't stick your chin out like that

[09:51] {Threei} lord give me power not to comment

[09:52] {nemo} Give him a break Vad, it's Monday

[09:52] {Threei} .short rimm .40 break half lot

[09:52] {magoo} :) i missed u guys

[09:52] {Threei} if stays under .55

[09:53] {nemo} too fast

[09:53] {nemo} nice though

[09:53] {Threei} bounced right into trigger for second chance entry

[09:54] {Threei} 1:1

[09:54] {nemo} Qs dying

[09:54] {magoo} ugly q chart

[09:54] {Threei} 1:2

[09:55] {Threei} {Q} I want second opinion

[09:55] {nemo} on what?

[09:55] {Threei} [09:54] {magoo} ugly q chart

[09:55] {Threei} out RIMM

[09:55] {Threei} +.30

[09:55] {nemo} {nemo} Qs dying

[09:55] {ese} definetly ugly

[09:56] {ese} along with the comp

[09:56] {nemo} If you're short, it's beautiful

[09:56] {Threei} AIG is totally oblivious to everything, lol

[09:56] {Threei} to the market, to reality, to gravity

[09:56] {ese} can't see the reason for it though

[09:57] {Threei} Long Setup: RIMM .10 break half lot

[09:57] {Threei} stop is understood by default here

[09:59] {Threei} 1:1

[09:59] {jfjf64} nice

[10:00] {magoo} out .34 TY

[10:00] {jfjf64} today i buy new blackberry ty VAD

[10:00] {Threei} lol

[10:00] {ese} nice bounce play vad!

[10:00] {Threei} 4:4... I work way too hard for Monday...

[10:00] {Threei} gosh AIG

[10:00] {Threei} ascending triangle

[10:02] {Threei} I guess yesterday's shishkebab with patience, ese and dptl is inspiration

[10:02] {nemo} well...it's been 2 minutes, what have you done lately?

[10:02] {Threei} blabbed about yesterday's dinner?

[10:02] {nemo} hehehehe

[10:02] {Threei} :)

[10:03] {nemo} bastad...caught me with a mouth full of coffee

[10:03] {Threei} sorry

[10:03] {ese} not to mention the wine with vodka chaser

[10:03] {Threei} I owe you a new keyboard?

[10:03] {nemo} now you're lying

[10:03] {nemo} screen

[10:03] {Threei} ese a true hero... shot of straight vodka

[10:04] {nemo} I have to start drinking during the day, since drinking at night affects my sleep

[10:04] {Threei} even dptl was impressed and it takes inhaling whole bottle to impress him

[10:05] {nemo} RIMM higher low, DB?

[10:05] {nemo} aig pull back

[10:05] {Threei} confirmation level for RIMM is way too high... 40...

[10:06] {Threei} chart wise it's a right play but risk parameters are outside of my tolerance

[10:06] {Threei} this is nice pullback AIG

[10:06] {nemo} echo in here

[10:07] {Threei} you stated the fact of pullback... I gave it a qualifier

[10:07] {nemo} I know, couldn't help it, "asshole" gene

[10:07] {ese} it was good vodka i have to admit.....but the piece du resistance is your shiskabob vad.......unbelievable

[10:08] {Threei} ty

[10:09] {ese} thaqt should be the seminar you teach down at Freeport next January.......proper shiskabob prep and barbecue

[10:09] {Threei} lol

[10:10] {jfjf64} pol

[10:10] {nemo} what's "pol"?

[10:10] {ese} thats my question too

[10:10] {Threei} stock I'd guess

[10:10] {jfjf64} y

[10:11] {Threei} we trade some of those here, ya know

[10:11] {jfjf64} ty vad

[10:11] {Threei} no news that I see

[10:11] {Threei} noty sure why it's moving

[10:11] {ese} pol it is

[10:11] {jfjf64} or puke out loud

[10:11] {jfjf64} lol

[10:11] {nemo} that's what I was thinking

[10:12] {jfjf64} me too nemo

[10:12] {nemo} I already sol

[10:15] {dino} amag sm l .70 stop lod

[10:17] {Threei} NFLX Hearing takeover chatter circulating

[10:17] {Threei} - Amazon rumored as potential acquirer (40.62, 0.55, 1.37%) (related AMZN )

[10:23] {dino} amag stopped .46, -.24

[10:24] {nemo} I had lod at .42

[10:25] {dino} reverse slip

[10:25] {ese} L qqqq .74

[10:26] {dino} and i add, rinse

[10:27] {dino} pot sm l .50 risky

[10:28] {ese} out qqqq .81 +.07

[10:28] {magoo} AIG just has the feel vad

[10:31] {Threei} I agree

[10:31] {magoo} magoo faints

[10:31] {magoo} hits head keyboard..it buys 10k AIG long

[10:32] {ese} ok....well this is interesting......naz on it's way to being green

[10:32] {ese} early morning shakeout looks like.......

[10:34] {ese} look at the compx/ and the qqqq's

[10:37] {dino} out pot .20, +.70

[10:38] {ese} nice dino.....look at it take off

[10:38] {dino} ty, was laying out, tried to move it but too fast

[10:38] {ese} picture perfect setup.......3 X breaks resistance

[10:40] {ese} 3rd X

[10:40] {Threei} Long Setup: AIG .45 break if stays above .30

[10:40] {Threei} risky as hell

[10:40] {Threei} for adrenalin deprived only

[10:41] {magoo} u didnt say half lot

[10:42] {Threei} it formed range toght enough for a full lot

[10:42] {Threei} tight

[10:42] {Threei} risk is in its a bit random behaviour andf pssible slippage

[10:43] {dino} pwrd sm l .90

[10:43] {Threei} full lot on the other side gives more flexibility in partialling out and controlling risk if it work

[10:43] {magoo} in

[10:43] {Threei} so it kind of balances each other

[10:43] {Threei} half out

[10:43] {Threei} .62

[10:43] {ese} damn.....just missed it

[10:43] {magoo} out

[10:43] {magoo} .62 lol

[10:43] {Threei} stop to .35

[10:43] {magoo} fl

[10:44] {ese} had finger on the trigger too

[10:44] {magoo} out full

[10:44] {ese} nice one boys

[10:44] {Threei} that's 5 for 5 today

[10:44] {magoo} .62

[10:44] {Threei} can I go home?

[10:44] {magoo} was less thgan 30 secs i believe

[10:44] {magoo} no

[10:44] {magoo} lets have biggest day ever..c'mon

[10:44] {ese} wha...da...ya ....say vad.....shiskabob next sunday night too?

[10:45] {magoo} lrets make the month

[10:45] {magoo} lets

[10:56] {ese} L qqqq .02

[10:57] {ese} out qqqq .11 +.09

[11:04] {Threei} Short Setup: AIG .35 break if stays under .50

[11:09] {dino} out pwrd .25, +.35

[11:11] {vinod} in sds 59.09

[11:12] {ese} what was that about a summer rally you were talking about just before i got on the board this morning

[11:12] {Threei} every summer talking heads start talking about it as if it were given

[11:12] {vinod} summer rally is on vacation

[11:12] {Threei} this year no peep

[11:13] {ese} hmmmmmm......would be nice if today was the start of it and it took alot of them by surprise

[11:13] {nemo} aig still on the menu?

[11:14] {Threei} depends on how omnivorous you are

[11:15] {nemo} I'm a "fruitarian"

[11:15] {Threei} AIG is a meaty dish

[11:15] {nemo} it just kissed .50

[11:16] {dino} nice sds vin

[11:17] {vinod} out sds 59.26

[11:18] {dino} gj

[11:21] {Threei} no go AIG

[11:24] {jfjf64} ms monster

[11:30] {ese} L qqqq .15

[11:32] {ese} out qqqq .22 +.07

[11:34] {Threei} CIT Moody's lowers ratings four notches to B3; lowest level of junk status (1.20, -0.33, -21.57%)

[11:36] {dino} psmt l .24

[11:37] {ese} intc going nuts

[11:38] {patience} a nice bounce for you ese

[11:38] {ese} yup

[11:38] {ese} we'll see what happens to it tomorow

[11:39] {jfjf64} cof l .71

[11:39] {ese} earnings release is after close.....and i don't want to be there for that

[11:39] {nemo} AIG getting weak

[11:39] {patience} you have your sell order in yet?

[11:40] {jfjf64} no go

[11:40] {ese} also patience it had a huge amount of calls purchased on it last week.....record for one day apparently....i'm assuning thats bullish and i may make some money anyway

[11:41] {patience} guess it depends if you're going to dump it before tomorrow or hold for a longer swing

[11:42] {ese} ya for sure.....

[11:43] {patience} ese, did vad send home leftover shish kabob with you?

[11:44] {ese} no.....wish i had thought to ask for some......he's still got some if you want to go and get it

[11:44] {jfjf64} fitb gonna run

[11:45] {ese} looks like it......missed it...was watching intc

[11:48] {ese} when johnny comes marching home again hurah....hurah!!! when johnny comes................

[11:49] {jfjf64} hurah hurah when johnny hurah

[11:49] {ese} sorry ....that was definetly vodka side effects

[11:49] {ese} don't know what came over me

[11:49] {jfjf64} im gonna buy johnny j a black berry hurrah thanks to vad hurahhhhhhhhhhhhhh

[11:52] {jfjf64} ms monster

[11:55] {jfjf64} guess who on TV

[11:58] {dino} the killer of capitalism

[11:59] {jfjf64} disgrace

[12:00] {johnnyj} when broker asked for margin call and trader couldn't cover - they said forget it

[12:00] {johnnyj} obama land

[12:01] {Threei} LMT Senator McCain: Reportedly believes the White House will veto defense spending bill if Congress does not terminate F-22 program (79.50, 1.59, 2.04%)

Session Close: Mon Jul 13 12:10:46 2009

Session Start: Mon Jul 13 12:10:46 2009

Session Ident: #discussions

02[12:10] * Disconnected

02[12:12] * Attempting to rejoin channel #discussions

03[12:12] * Rejoined channel #discussions

[12:13] {jfjf64} vad hvin martini with his eggs 5/5 so far

[12:13] {ese} whos this threei guy?

[12:14] {Threei} 5/6 jf

[12:14] {dino} fictional character

[12:14] {Threei} AIG short while right idea preferred to shake out first

[12:22] {jfjf64} jpm not pullin back like all otherr finnies

[12:23] {dino} psmt stopped

[12:26] {magoo} see if i can knock vad out room again

[12:26] {dino} ady sm l .85

[12:26] {magoo} vad, we in anything here?

[12:27] {Threei} no

[12:52] {vinod} taking a nap reason is i was not here?

[12:52] {vinod} If it wasn't M Whitney's GS upgrade the whole market would be down.

[12:52] {magoo} she upgraded her g-string:)

[12:58] {magoo} c'mon..that was funny

[13:00] {vinod} yes, it was. I am having hard time concentrating here and answering a phone callit .

[13:02] {vinod} Just for pure gamble. i am buying qqq july 35 put for 0.30. i should not post it but did

[13:09] {Threei} AIG... sheesh

[13:09] {BillyD} hard to tell the resal move on it

[13:09] {BillyD} real

[13:16] {Threei} LMT US President Obama: Lockheed F-22s are not needed (79.78, 1.87, 2.40%)

[13:18] {dptl} done for today...see ya tomorrow all,have a good evening

[13:18] {Threei} take care dp

[13:19] {dino} cya dp

[13:20] {vinod} have a fun see tou tomorrow

[13:22] {BillyD} any feel for AIG Vad or just noise

[13:23] {Threei} can't tell really

[13:24] {nemo} mags look

06[13:24] * magoo slaps laserdave around a bit with a large trout

[13:25] {magoo} ty

[13:26] {nemo} yw

[13:31] {johnnyj} Threei Receives FDA Approval to Market Cherry and Cinnamon Flavored Trout

[13:31] {nemo} disgusting

[13:31] {Threei} sigh

[13:37] {_johnk3} Has this day so far been average (wrt to your trading), above or below?

[13:37] {KSystems} what symbol, johnny?

[13:37] {KSystems} want to short that one

[13:37] {magoo} for summer, today a lil better than average

[13:38] {magoo} 5 for 5 i believe

[13:38] {_johnk3} thx

[13:41] {johnnyj} KSystems, it trades under symbol AIG... market loves the concept

[13:42] {johnnyj} ever been hit with a salmon? I have

06[13:44] * magoo slaps _johnk3 around a bit with a large trout

[13:51] {johnnyj} optionn traders have given RIMM a powerful laxative

[14:00] {Threei} *JUNE MONTHLY BUDGET STATEMENT: -$94.3B V -$97BE

06[14:17] * nemo slaps larisa around a bit with a large trout

[14:17] {larisa} real gmn :)

[14:17] {nemo} hehe

[14:20] {nemo} wow even aig is trading slower than molasses

[14:22] {Threei} look at the market from 11:45 roughly

[14:23] {nemo} 3 points on the S&P

[14:23] {nemo} 6 on NAS

[14:24] {ese} i'm back.....

[14:24] {nemo} funny those ranges make me think of micr-scalps and look who shows up

[14:24] {nemo} micro

06[14:25] * nemo slaps ese around a bit with a large Zildjian Gong

[14:27] {ese} weirdly enough i was talking to someone about cymbals....and gear were going to be taking to Denmark in August.....

[14:27] {nemo} Yeah, weird for a drummer to talk about cymbals

[14:27] {nemo} dcc ese

[14:29] {_johnk3} do you guys usually trade mostly in the morning?

[14:29] {Threei} depends on the market activity

[14:29] {_johnk3} OK makes sense

[14:29] {Threei} morning was active,

[14:29] {Threei} then market flatlined

[14:29] {Threei} so did our brain activity

[14:30] {Threei} providing it ever was any different

[14:30] {_johnk3} thx

[14:30] {ese} whaaaaaaaaa

[14:30] {ese} oh ...ahem....yes....very slack this afternoon

[14:31] {magoo} vad, THE question

[14:31] {Threei} sideline...

[14:31] {magoo} no..r or r

[14:31] {nemo} You gonna' bitch Magoo?

[14:31] {magoo} i think r

[14:31] {Threei} me on sideline 'cause me thinks market sideways

[14:32] {nemo} fits your personality

[14:33] {nemo} bonds taking a beating

[14:35] {dino} ady lod

[14:35] {nemo} got quite a volume spike a couple of minutes ago

[14:36] {dino} yeah saw that

[14:46] {nemo} guess that was the bottom Dino

[14:47] {dino} looks like it, wanted low 19s

[14:48] {nemo} this last touch of 20, was DB from 10:05

[14:53] {nemo} RIMM right at bottom of box range since 11:30

[15:20] {jfjf64} vad aig vol picken up anythin there

[15:20] {ese} right then!!!!! signing off for the day.....sees yous allsa tamara

[15:21] {jfjf64} later es

[15:21] {ese} jf.....later

[15:21] {Threei} take care ese

[15:21] {Threei} can't tell jf

[15:21] {Threei} can go easy any way

[15:22] {Threei} or either

[15:22] {jfjf64} yes hv to learn that

[15:24] {dino} cya es

[15:33] {dino} ady sm l .25

[15:41] {magoo} who the good reports tonite?

[15:42] {Threei} NVLS

[15:42] {Threei} nothing more

[15:42] {Threei} well... CSX

[15:44] {Threei} CIT White House's Romer: Declines comment on whether CIT fits within the 'too big to fail' category (1.40, -0.13, -8.50%)

[15:48] {dino} depends on if cit donated to campaign, they are checking now

[15:49] {johnnyj} 4000 shares under campaign donation limits

[15:59] {magoo} amazing how shitty rIMM did with amzn aapl up big

[15:59] {patience} a happy day +1.00 in teck (tck.to)

[16:00] {dino} out ady .00 -.25

[16:01] {larisa} later :)

[16:04] {johnnyj} particularly after the rinse a few days ago

[16:05] {johnnyj} RIMM

[16:12] {magoo} reports out yet

[16:12] {Threei} Dell Inc Sees Demand Stabilization, Expects Slight Sequential Revenue Growth with Modest Margin Pressure in Q2

[16:12] {Threei} - note: on 5/28, reported Q1 R$12.3B. Q2 consensus estimate is $12.5Be.

[16:12] {Threei} - Anticipates a modest decline in Q2 gross margins, the result of higher component costs, a competitive pricing environment, and an unfavorable mix of product and business-segment demand.

[16:13] {Threei} TTWO halt

[16:13] {Threei} cuts guidance

[16:13] {Threei} Auto Task Force's Rattner to return to private sector; Ron Bloom to assume leadership of Task Force

[16:13] {Threei} - Treasury's Geithner noted that these actions are occurring due to the Govt transition away from day to day restructuring of industry towards monitoring

[16:13] {Threei} okay... let them

[16:13] {Threei} see you tomorrow guys

Jul 10 2009

Unexpectedly good day - mostly thanks to AIG which we played both long and short for nice juicy moves. Even such piece of you know what must be good for something sometimes.

Session Time: Fri Jul 10 00:00:01 2009

[07:59] {vinod} good morning

[08:36] {Threei} Good morning

[08:36] {Threei} DRYS Shares raised to Hold from Sell at Cantor Fitzgerald, price target $6 (5.26, 0.00, 0.00%)

[08:37] {Threei} BLTXX Baltic Dry Bulk Index -1.1%, 8th straight decline

[08:37] {Threei} US) President Obama: Would be 'premature' to wind down stimulus programs; recovery still 'a way off'

[08:37] {Threei} - Significant measures agreed at G8 summit but did not agree on every issue

[08:38] {Threei} *(US) MAY TRADE BALANCE: -$26B V -$30.0BE

[08:47] {Threei} (CA) Canadian PM Harper: New reserve currency is not 'highest priority'

[08:48] {nemo} "he said" "she said" this is getting boring

[08:48] {Threei} , USD will always be important for Canada

[08:48] {nemo} 51st state :)

[08:49] {Threei} USA-lite

[08:50] {nemo} A lot less people, which I really like. As the little Austrian once said, "The more I get to know people, the more I like my dog."

[09:00] {BillyD} gm all

[09:00] {Threei} RU) Russian President Medvedev: It would be simpler for Russia to join the WTO "on its own"; hopes the US will alter its missile shield plans, reiterates threat to station missiles in Kaliningrad

[09:00] {Threei} - Note that on 7/7, Medvedev said Russia still plans to join WTO. In early June, Russia threw its 16-year bid to join the World Trade Organization (WTO) into jeopardy when PM Vladimir Putin said Moscow would only join the trade body in partnership with two former Soviet republics

[09:00] {Threei} Billy :)

[09:08] {Threei} General Motors Corp CEO: we are required to pay off the govt loans by 2015, but our goal is to repay them much sooner

[09:08] {Threei} - GM has issued a press release as its press conference begins, announcing the "New GM," which is 61% owned by the govt.

[09:08] {Threei} why do I have this feeling that "new GM" will be, what was the name of that old movie...

[09:09] {Threei} The Incredible shrinking woman, or something like that

[09:14] {cosmo} the attack of the 50 ft woman ...i think

[09:15] {magoo} kninrom

[09:16] {Threei} cosmo, mags :)

[09:16] {cosmo} 3i:)

[09:17] {ese} good morning.....back at home with a cold...wouldn't ya know it

[09:17] {Threei} lol ese

[09:18] {jfjf64} mornin

[09:18] {vinod} ese--yes it been cold here last few days?

[09:19] {Threei} jf :)

[09:19] {vinod} my DRYS yesterday stop out at 5.25

[09:21] {Threei} yeah, it had news right after close

[09:21] {ese} and my overnight FITB is doing no better

[09:21] {Threei} lol, my overnight YRCW is flat

[09:21] {_kenyee} good morning all

[09:22] {Threei} kenyee :)

[09:22] {magoo} i cut drys yester at .37..-.01

[09:23] {magoo} wondering when AIG squeezes

[09:23] {magoo} 23 to 9 in 4 days

[09:23] {Threei} should be good for couple points when it gets to it

[09:24] {Threei} the problem I think is:

[09:24] {dino} gm all

[09:24] {Threei} it's not so much ashorting as it it plain simple selling

[09:24] {Threei} dino :)

[09:25] {_kenyee} anyone use market profile in their trading?

[09:29] {magoo} not i

[09:29] {magoo} agree vad

[09:30] {ese} mornin dino

[09:31] {magoo} vad, if u could find it..day AIG reverse split i said it would see 7

[09:32] {Threei} not urgent I hope?

[09:32] {vinod} short RIMM?

[09:32] {nemo} it's important for his ego, Vad

[09:32] {magoo} no..just saying..nver thought this quick

[09:33] {Threei} not into buying vinod

[09:33] {Threei} that's not how you short

[09:33] {ese} everthiings turning green

[09:33] {nemo} glad you didn't short rimm vino?

[09:33] {dptl} good morning all

[09:33] {Threei} dp :)

[09:34] {Threei} Short Setup: CAT .10 if stays under .25

[09:35] {ese} morning dp

[09:36] {vinod} ty-vad and meno for rimm

[09:36] {nemo} who is meno?

[09:37] {Threei} invalidated

[09:38] {vinod} nemo-now i got my fingure fat like boss

[09:38] {nemo} lol

[09:39] {nemo} I thought that was a phonetic freudian slip on your opinion of my demeanor

[09:39] {Threei} Short Setup: AMZN .50 break half lot

[09:39] {Threei} if stays below .70

[09:41] {Threei} 1:1

[09:41] {nemo} figures...my computer locks up at .65 and comes back at .45

[09:41] {ese} down to cover some gaps here then away we go....??????hmmmm

[09:42] {vinod} missed

06[09:43] * magoo slaps vinod around a bit with a large trout

[09:43] {magoo} wake up

[09:43] {magoo} few and far nbetween today

[09:44] {vinod} since I missed amzn going to be at 76

[09:45] {Threei} covering in full

[09:45] {Threei} +.30

[09:47] {ese} have i missed some news tech wise.....compx and ndx taking off a little

[09:47] {dino} edu's up today

[09:47] {Threei} Short Setup: RIMM .70 break

[09:47] {dino} esi, apol

[09:47] {Threei} if stays below .85

[09:47] {dino} es gs upgrades some tech

[09:47] {Threei} a bit aggressive entry

[09:48] {dino} ice retest wed low

[09:48] {Threei} but .60 which is better trigger is too far from resistance

[09:48] {ese} tks dino

[09:49] {dino} np

[09:49] {Threei} no go

[09:50] {ese} look at tick and trin.....tick +725 trin +2.78 weird

[09:52] {dino} wynn sm l .00, stop .66

[09:53] {ese} if the trin goes red.....this day could take off but when it's green?....to much underlying selling

[09:55] {Threei} *JULY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 64..6 V 70.8E

[09:55] {nemo} contrarian bullish

[09:55] {dino} wynn stopped -.34

[09:56] {ese} how do they calculate the expected? Go to the bar....have a drink ...see how everyone is feeling?

[09:57] {dino} pretty much

[09:58] {Threei} Long Setup: RIMM .10 break

[09:58] {Threei} stop under .90

[09:58] {nemo} too fast

[09:59] {BillyD} my L2 froze LOL

[10:00] {nemo} dino, had capitulation volume in wynn and bounce might have bottomed

[10:01] {Threei} market weakens

[10:01] {nemo} another big volume spike, see if it holds .60

[10:02] {dino} going lower needs mkt help

[10:03] {nemo} closed above support

[10:03] {dino} hmmm holds

[10:03] {Threei} scratching RIMM

[10:03] {nemo} inside the BB too

[10:03] {dino} watching ice, rtp

[10:03] {Threei} CAT setup is back

[10:03] {Threei} .10 short if stays under .25

[10:03] {BillyD} I am watching CAT here

[10:04] {nemo} .10 is s2 for cat off the pivot

[10:05] {nemo} dino, wynn :)

[10:05] {nemo} had a vad spike

[10:05] {dino} you in wynn nemo?

[10:05] {nemo} no, I was waiting for you to take point :)

[10:06] {dino} lol

[10:07] {Threei} CAT invalidated again

[10:07] {magoo} took rimm cross 67

[10:07] {Threei} long?

[10:07] {magoo} ya

[10:07] {nemo} cats, they're all the same

[10:09] {magoo} not luvin it

[10:09] {dino} smr l ice .75 careful pulp

[10:10] {ese} well it looked like a promising day there for a bit......

[10:11] {dino} ice=pulp lay out imo

[10:12] {Threei} AIG... dive to .80 - .90 zone for long

[10:13] {ese} i'm with ya there dino

[10:13] {dino} laying at 84.75

[10:13] {dino} too high

[10:13] {Threei} here goes your RIMM mags

[10:13] {dino} lost its' mojo

[10:14] {dino} nemo was right on wynn, my stop too tight

[10:15] {magoo} yea ty alert was elsewhere

[10:15] {magoo} out .34

[10:16] {dino} ice stopped -.26

[10:17] {nemo} actually, when you went in at .00 after the big drop there had been no capitulation volume prior-so I didn't think that was a bottom, when I saw that capitulation volume on the long red, I was then looking for the bottom and a retest

[10:18] {dino} good call

[10:18] {nemo} broken clock

[10:18] {Threei} SQNM?

[10:18] {Threei} no news that I see

[10:21] {dino} cit crush going on

[10:22] {dino} now ice goes, two rinses already

[10:22] {dino} been that way all week

[10:25] {magoo} cant believe i missed AIG in the 8 area

[10:28] {ese} she be takin off today man......

[10:29] {ese} short covering imo mags.....there will be another opportunity here me thinks

[10:29] {magoo} its avail short today

[10:32] {Threei} so far no indications of short setup

[10:32] {Threei} each pullback is well supported

[10:33] {BillyD} maybe the new shorts are proelling up the old shorts...lol

[10:33] {BillyD} propeslling

[10:33] {BillyD} sheesh...propelling

[10:33] {Threei} third try should be it

[10:33] {Threei} there :)

[10:33] {BillyD} ty...was struggling

[10:34] {ese} new internet language billy.....i liked it

[10:34] {fernp} a bit late. good morning

[10:34] {Threei} fern :)

[10:36] {ese} scour de zhup dup ...vlap da fling flang..ich du be nin........

[10:36] {Threei} sheesh

[10:37] {Threei} AIG intends to make those 2 points today?

[10:37] {Threei} [09:23] {Threei} should be good for couple points when it gets to it

[10:38] {magoo} excuse me...post right before that

[10:38] {magoo} the squeeze

[10:41] {Threei} time to start thinking short on AIG

[10:41] {Threei} 10 break first try

[10:42] {Threei} that was fast...

[10:42] {nemo} thought you can't short

06[10:42] * magoo slaps nemo around a bit with a large trout

[10:42] {Threei} [10:29] {magoo} its avail short today

[10:42] {nemo} wow

[10:43] {Threei} I don't think anyone had time for entry

[10:44] {Threei} what a tank

[10:44] {magoo} yea..and too high to play bounce

[10:45] {magoo} could see 8 area

[10:45] {BillyD} it seems like confirmation on pivot entries a little tough in general lately.....people seem to be anticipating more

[10:46] {Threei} bounce closer to 10 if happens is a short entry

[10:47] {Threei} happens too fast for exact call

[10:47] {Threei} generally anywhere between 9.90 and 10

[10:50] {BillyD} what would be stop 10.12 area

[10:50] {nemo} http://www.myfoxny.com/dpp/your_money/consumer/090710_Sears_Christmas_Sales

[10:50] {nemo} ice short?

[10:50] {BillyD} or .15 area

[10:50] {Threei} depends on setup

[10:51] {Threei} OK, next spike is it

[10:51] {Threei} in

[10:51] {Threei} .15 stop

[10:51] {Threei} can take a few tries

[10:52] {dino} psmt

[10:53] {Threei} 1:1

[10:53] {Threei} covering half

[10:54] {Threei} stop to above .10

[10:54] {Threei} scalpers know what to do

[10:54] {fernp} nice call Vad. ty

[10:54] {Threei} :)

[10:55] {Threei} ideally, AIG stays under 10 this time and loses .80

[10:55] {Threei} then we would trail stop to above 10 and let it trade

[10:55] {Threei} that would scenario for serious dump

[10:57] {Threei} so far so good... come on you slimy no-good reverse-split piece of financial crap

[10:58] {jfjf64} easy vad easy

[10:58] {Threei} lol

[10:58] {nemo} stop mincing words vad, tell us how you really feel

[10:58] {Threei} wanna know how I really feel?

[10:58] {Threei} hehe

[10:58] {nemo} NO

[10:58] {Threei} volume dris up... but too close to 10

[10:59] {Threei} no idea what happens next

[10:59] {Threei} in a perfect world stop should have been trailed to above 10 here

[11:00] {nemo} wynn testeed support again dino

[11:00] {Threei} kind of personal decision

[11:00] {Threei} I prefer to trail it after loss of .80

[11:00] {Threei} there

[11:01] {Threei} trailed

[11:01] {Threei} 1/4 cover closer to .60 is next idea

[11:01] {BillyD} gj vad

[11:01] {Threei} then trailing stop for the last portion, don't know the levekl yet, and letting it trade

[11:02] {jfjf64} sounds lk plan

[11:02] {Threei} if it goes above 10 and stops us out, I take vacation till after labor day

[11:05] {ese} l sbux .5

[11:06] {Threei} Us Treasury Geithner: No need to ban customized derivatives

[11:06] {ese} .55

[11:06] {Threei} I wonder... can Geithner'sd testimony devoted to derivatives influence AIG trading?

[11:06] {Threei} this is something that can interfere with out short

[11:07] {nemo} maybe that's why it bounced this morning in the first place?

[11:08] {Threei} that's what I start thinking... combined with normal bounce expected after such drop...

[11:08] {Threei} I violate my own rule - see the topic for #discussions

[11:08] {nemo} there's no way this pos should be worth anything...at least that's what the stories have been saying the last few days

[11:09] {nemo} and if the stories are saying that...

[11:09] {Threei} this pos isn't... but when did it prevent stock from rising

[11:09] {nemo} to your point about Geithner

[11:09] {Threei} OK, no more thinking

[11:09] {Threei} stop is in place

[11:10] {nemo} Last few days you've been hearing about the common value is 0...you even said that, been all over the news

[11:10] {nemo} Now Geithner comes on to talk about derivatives/aig

[11:10] {nemo} possibly a bohica moment

[11:11] {ese} out sbux .52 -.03

[11:11] {ese} not waiting around today.....it works right away or it doesn't

[11:13] {Threei} virus of instant gratification infects ese

[11:13] {BillyD} microwave ese

[11:14] {Threei} AIG is discussed on CNN

[11:14] {Threei} company is to pay more big bonuses

[11:15] {BillyD} so it goes up....hmmm

[11:15] {ese} i struggle in markets where i can't decern a clear direction......ala today

[11:16] {patience} have a great weekend guys....i'm back to 100% cash...good correction coming. But i'm always saying that :)

[11:16] {ese} half my main screen is green half is red ...tick was green and so was trin.....werid underlying selling....who knows

[11:17] {ese} cya patience

[11:18] {ese} my hats off to those of you who can find something to make money in......

[11:21] {johnnyj} dino, any WYNN thoughts?

[11:23] {BillyD} cya at labor day vad

[11:24] {Threei} lol

[11:25] {dino} john need a whoosh down imo

[11:25] {dino} psmt interesting

[11:26] {dino} met in 25s might be worth hit

[11:26] {dino} ice lod

[11:28] {dino} sybt drop, thin

[11:29] {dino} 8087, 1394, 869 wed lows

[11:29] {Threei} AIG rises againat the market

[11:29] {Threei} and makes new highs

[11:29] {Threei} let's just buy it and let it run?

[11:29] {dino} remember gaps below too, 8016, 1361, 855

[11:30] {BillyD} then it will go down vad

[11:30] {Threei} oh

[11:30] {Threei} lol

[11:30] {BillyD} it takes strong resolve in a market like this, especially with all the spikes, etc

[11:31] {dino} fwiw we are at end april levels

[11:32] {Threei} Long Setup: AIG .16 if stays above .10

[11:33] {Threei} too fast again?

[11:33] {magoo} in

[11:33] {BillyD} yes

[11:33] {BillyD} for me at least

[11:33] {Threei} half out mags

[11:34] {magoo} k

[11:35] {Threei} offer 1.4 more above .40

[11:35] {Threei} 1/4

[11:36] {magoo} out .35 TY 2k

[11:36] {Threei} :)

[11:37] {BillyD} gj magoo

[11:38] {dino} gj

[11:38] {fernp} Have to go. nice weekend to all. see you on monday

[11:38] {Threei} take care fern, have a great weekend

[11:38] {ese} cya fern

[11:40] {vinod} 09:44 vinod since I missed amzn going to be at 76

[11:41] {magoo} yea..remember

[11:41] {vinod} I have shorted 200 at 78.10

[11:41] {magoo} vad..another setup AIG long or short u see?

[11:42] {Threei} 50/50 mags

[11:42] {Threei} still holding vinod?

[11:42] {Threei} I would be out

[11:42] {Threei} market seems to be preparing bounce

[11:42] {vinod} yes, still holding i was on meeting

[11:43] {vinod} offered at 76.60

[11:44] {vinod} this is the only trade i did oday

[11:44] {Threei} good one too

[11:44] {vinod} ty-vad

[11:48] {BillyD} nice one vinod

[11:48] {dino} ande

[11:51] {Threei} timely cover IMO, vinod

[11:51] {dino} darn wynn

[11:54] {dino} sgr sm l .50

[11:55] {Threei} 1/4 more out AIG

[11:55] {Threei} sheesh, things take patience today

[11:56] {Threei} stop for the last piece is still there, under .10

[11:56] {Threei} not trailing it in this case, mostly because it was negligible to begin with

[12:06] {magoo} drat..exited AIG .41

[12:08] {Threei} offering .65

[12:08] {Threei} last piece

[12:08] {Threei} could still be too soon

[12:08] {Threei} but I lose ability to keep eyelids open

[12:09] {Threei} out

[12:09] {Threei} wheeeew

[12:09] {Threei} bet trade of the day

[12:09] {Threei} best

[12:10] {Threei} not accidenatally, most against the common sense one

[12:15] {dino} ande sm l .20jpm sm l .65

[12:16] {dino} ande filled while down hall

[12:17] {dino} apol sm off of .50 l

[12:37] {dino} out .65 ande +.45

[12:39] {Threei} AIG... lol

[12:39] {BillyD} went from .98 to .08

[12:40] {Threei} gutsy

[12:40] {jfjf64} didnt ya say we sd go long att hold it earlier

[12:40] {ese} am back on the other side........

[12:40] {Threei} I did... both say it and did it

[12:41] {Threei} you missed the trade??

[12:41] {jfjf64} no sold it

[12:41] {jfjf64} wish still hd piece

[12:41] {Threei} well... gotta sell somewhere...

[12:42] {jfjf64} yup

[12:43] {magoo} squeeze is ON

[12:43] {jfjf64} jpm l .66 it get s it this tm

[12:43] {magoo} AIG

[12:46] {magoo} AIG gonna go nuts

[12:46] {magoo} get opn a read vad

[12:47] {jfjf64} see what bonus do foe emplyes

[12:50] {dino} lol

[12:51] {Threei} Three Democrats and 14 Republicans wrote letter to Obama asking for probe of Fed's actions in BoA-Merrill Lynch merger deal - WSJ

[12:51] {Threei} - the bipartisan group asks that the Fed not be granted any new authority while questions about the Fed's role in the Boa-Merrill deal remain.

[12:51] {Threei} - reminder: Fed's Bernanke testified on the issue last month and seemed to largely refute and deflect the accusations of the Congressmen on the panel.

[12:51] {dino} and the shredders have been running since

[12:51] {Threei} lol

[12:53] {Threei} Treasury Sec Geitherner: Now is not the time to settle the future of the GSEs

[12:53] {Threei} Reiterates that a strong USD is in the interest of the US

[12:53] {Threei} sigh

[13:03] {Threei} Short Setup: AIG .40

[13:03] {Threei} if stays under .55

[13:04] {Threei} better yet

[13:04] {Threei} .45

[13:04] {Threei} short trigger

[13:05] {magoo} better yet ,50 long lol

[13:05] {jfjf64} comon

[13:07] {jfjf64} doesnt tk too much to confuse me

[13:07] {Threei} lol

[13:07] {Threei} short invaliadetd fo r now

[13:07] {Threei} long - I can't make this call

[13:07] {Threei} if you like it, you are on your own mags

[13:09] {jfjf64} lks lk trap to me

[13:18] {Threei} ok... trying

[13:18] {Threei} short half lot

[13:18] {Threei} stop above .70

[13:18] {Threei} will add half lot lower if find good spot

[13:19] {Threei} got .58

[13:21] {Threei} .46 to add second half

[13:21] {Threei} added

[13:21] {Threei} stop to above .60

[13:22] {BillyD} covered for scalp thx

[13:22] {Threei} :)

[13:23] {BillyD} if breaks .40 should drop good

[13:25] {Threei} covering half

[13:25] {Threei} .30

[13:25] {Threei} +.21

[13:26] {BillyD} nice one

06[13:26] * Threei slaps magoo around a bit with a large roll of cash

06[13:26] * Threei slaps jfjf64 around a bit with a large roll of cash

[13:29] {Threei} stop to .55

[13:30] {Threei} Treasury and SEC: SEC could forbid compensation that aims investors to inappropriate products

[13:31] {Threei} huh?

[13:31] {Threei} covering 1/4 more

[13:31] {Threei} .17

[13:31] {Threei} +.34

[13:33] {Threei} stop to above .40

[13:33] {Threei} suddenly shaopes up as a good day

[13:34] {Threei} who would have expected on Friday

[13:34] {BillyD} true

[13:34] {Threei} http://www.realitytrader.com/blog/2009/07/interesting-lifestyle-concept-fot.html

[13:41] {BillyD} charts stopped here

[13:41] {Threei} ok here

[13:41] {BillyD} been having that problem and L2 stopping as well lately

[13:42] {Threei} strange

[13:42] {Threei} no interruptions here

[13:42] {BillyD} yeah, T&S works

[13:42] {Threei} ould be yor connection or computer?

[13:42] {BillyD} PC has been overhauled

[13:43] {magoo} read aig vad

[13:43] {Threei} trying to understand whether it's worth another short

[13:43] {magoo} i thought long

[13:44] {magoo} seems loke momo

[13:44] {Threei} [13:07] {Threei} long - I can't make this call

[13:44] {Threei} [13:07] {Threei} if you like it, you are on your own mags

[13:45] {magoo} on pllbks

[13:45] {Threei} only on a very very deep one

[13:45] {magoo} afraid to go it alone lol

[13:45] {Threei} I mean, like $1 deep

[13:45] {Threei} or more

[13:46] {Threei} you traded my short?

[13:46] {magoo} ya ya

[13:47] {Threei} okay... then I am still on speaking terms with ya

[13:47] {magoo} for now

[13:47] {Threei} nothing's forever on this planet

06[13:48] * Threei slaps nemo around a bit with a large roll of cash

[13:48] {nemo} or in the Universe :)

[13:48] {Threei} elaboration:

06[13:48] * Threei slaps nemo around a bit with a large roll of cash nemo missed

[13:48] {nemo} did you turn that short around

[13:49] {Threei} since you went away we played it both long and short

[13:49] {Threei} both very nice

[13:49] {nemo} you take that $2 run out of aig?

[14:01] {Threei} funny... look at NOIZ

[14:02] {Threei} had news a minute ago so I looked

[14:02] {Threei} zero volume

[14:02] {Threei} if three of us decided to buy 100- shasres each, we would have sent it to 5 lol

[14:02] {Threei} 1000

[14:19] {dptl} have a good weekend all

[14:20] {nemo} so, does the ppt push the market above an 880 close on the S&P?:)

[14:22] {dino} cya dp

[14:22] {Threei} take care dp

[14:26] {dino} good question nemo

[14:31] {nemo} mmmmhhhh....friday afternoon in July?

[14:32] {nemo} no volume..surprise...and now GS got caught with their hands in the algo-manipulation cookie jar.

[14:33] {nemo} http://finance.yahoo.com/news/Panel-Banks-underpaying-govt-apf-1909715717.html?x=0

[14:47] {magoo} i anything vad?

[14:47] {nemo} coma

[14:47] {nemo} frickin aig

[14:48] {Threei} that's 4 bucks

[14:48] {Threei} and I called just 2

[14:48] {nemo} How could you be that wrong...

[14:48] {magoo} gonna be 5 bux ..13

06[14:48] * nemo slaps nemo around a bit with a large trout

[14:49] {nemo} say "thank you" Vad

[14:49] {Threei} thank you Vad?

[14:49] {Threei} it doesn't make sense for me to say it

[14:50] {nemo} sure it does...I busted your chops unfairly, and then whacked myself for it

[14:50] {Threei} no I mean, why would I thank myself?

[14:51] {nemo} I put "thank you" in quotes, as in you say it to me....what, am I talkin' to Magoo?

[14:51] {Threei} you assume I can read and know what quotes are and what they mean...

[14:52] {vinod} aig--all short decided to cover today?

[14:52] {nemo} see what happened to pot?

[14:53] {nemo} shhhhhhhh....Larisa's here

[14:53] {vinod} POT is smokig weeds

[14:53] {nemo} knew someone had to bite

[14:53] {larisa} hi guys :)

[14:54] {magoo} hey:)

[14:54] {Threei} larisa :)

[14:55] {larisa} enjoying the market ?

[14:55] {Threei} actually today we do

[14:55] {Threei} thanks to AIG mostly

[14:56] {larisa} yes, nice bounce

[14:57] {larisa} scalped it around 8.50 :) you got a lot from it ?

[14:58] {Threei} 2 shorts, one long

[14:58] {Threei} all more than scalp

[14:58] {larisa} nice

[15:05] {BillyD} AIG will not give a place of entry

[15:16] {Threei} well it did... did you take it?? :)

[15:17] {BillyD} got distracted with phone

[15:18] {BillyD} what did you see?

[15:18] {Threei} off 12

[15:18] {nemo} voume spike and holding support for 4 minutes

[15:18] {nemo} volume

[15:19] {nemo} might be a short coming up

[15:21] {Threei} 12 break?

[15:22] {nemo} held support again, what short...yeah

[15:22] {nemo} getting into that strange time of day though

[15:23] {nemo} what S&P at?

[15:23] {Threei} 874

[15:23] {nemo} mmmhhhhh

[15:24] {nemo} no man's land

[15:24] {nemo} oy

[15:24] {nemo} missed pot dbi

[15:30] {nemo} tempting

[15:30] {ese} am i still online

[15:30] {nemo} no

[15:31] {ese} funny

[15:31] {dino} no

[15:31] {nemo} wohoa

[15:31] {nemo} you take it Vad?

[15:32] {larisa} nice nemo

[15:32] {Threei} still in

[15:32] {nemo} nice call, but no cajones

[15:32] {nemo} your welcome

06[15:32] * nemo slaps nemo around a bit with a large trout

[15:32] {Threei} covering half

[15:37] {Threei} out in full

[15:37] {Threei} +.30

[15:37] {ese} vad dcc please

[15:38] {dino} amagsm l .00

[15:40] {dino} syno

[15:46] {dino} ppt

[15:46] {Threei} CFTC: Large speculators cut net long positions 62% in current week (related USO )

[15:46] {nemo} gotta' love it

[15:47] {nemo} drop

[15:47] {Threei} kill large speculators

[15:47] {ese} now thats one i haven't heard of PPT

[15:49] {nemo} ya' believe this

[15:49] {ese} this market coming back to even for a reason or what?

[15:50] {dino} sgr out .83, +.33

[15:50] {nemo} yeah...tape painting

[15:51] {dino} 880 200 dma; nemo had it right

[15:51] {nemo} 9 minutes left

[15:52] {nemo} but above 875 is still in the ball park

[15:59] {dino} out amag +.18 out jpm -.30

[15:59] {BillyD} take care everyone

[16:00] {larisa} bye :)

[16:00] {BillyD} long time no see Larisa :)

[16:00] {Threei} thank you all

[16:00] {larisa} hi Billy, have a great weekend!

[16:00] {Threei} have a great weekend

[16:00] {Threei} see you on Monday

[16:01] {ese} have a great weekend all

[16:01] {BillyD} u 2!

[16:01] {dino} hey larisa

[16:01] {larisa} hi dino! go home! :)

[16:01] {dino} well, i for one am glad tis week is over, perhaps ewarnings will get us out of these tight range days

[16:01] {dino} lol larisa, in an hour or so

[16:01] {larisa} :)

[16:04] {Alw} ty

[16:04] {magoo} bru dino?

[16:08] {dino} indeed