May 04 2009

Nicely profitable day. Just 3 trades, but all 3 are profitable and all are bigger than scalps. RIMM long, GLD and EXPD shorts, with two trades reaching 50 cents profit.

Session Time: Mon May 04 00:00:00 2009

[07:54] {nemo} morning

[08:03] {Threei}  Good morning

[08:04] {Threei}  ACAD

[08:04] {Threei}  07:30am [ACAD] Enters into Collaboration and License Agreement with Biovail for Pimavanserin; Gets $30M upfront payment, 15%+ royalty and earnouts

[08:04] {Threei}  07:16am [DRYS] Price Target raised to $12 from $10 at Jefferies, maintains Buy rating

[08:04] {magoo} mornig

[08:05] {Threei}  mags :)

[08:05] {magoo} hi vad

[08:05] {Threei}  how's ankle?

[08:06] {magoo} actually, i habvve another doc apptmt today at 2:45, but feels alot better..ty for asking

[08:06] {Threei}  :)

[08:07] {magoo} any news RIMM..gapping

[08:07] {Threei}  don't make much out of it though, sometimes I simply pretend I care

[08:07] {magoo} disclaimer lol?

[08:07] {Threei}  yes :)

[08:07] {Threei}  05/04/09 00:22am

[08:07] {Threei}  [RIMM] Research in Motion Ltd Added to "Conviction Buy" list at Goldman Sachs, price target $85; 6-month Target Price and FY2010-12 EPS Raised

[08:07] {Threei}  - FY10 EPS target raised from $4.01 to $4.17 ($4.60e)

[08:07] {Threei}  - FY11 EPS target raised from $4.93 to $5.10

[08:07] {Threei}  - FY12 EPS target raised from $6.02 to $6.03

[08:07] {Threei}  - Six-month price target: $85.00 v $82.00 prior (last: $72.30), determined by 18x target for PE (In contrast, cites Apple's 22x, Nokia's 16x, and QCOM's 25x target multiples)

[08:09] {magoo} ty

[08:12] {magoo} any news goog or bidu?

[08:14] {Threei}  no

[08:14] {magoo} how about apol and esi?{dino plays today}

[08:16] {Threei}  no

[08:16] {magoo} thanx 

[08:17] {Threei}  DRYS Fri high is 8.79

[08:18] {Threei}  (US) WHITE HOUSE AIDE: ADMINISTRATION PLANNING PROPOSED CHANGES TO TAX TREATMENT OF US FIRMS THAT OPERATE OVERSEAS

[08:18] {Threei}  - Reminder: Back on April 22, the WSJ discussed the impact of the Obama administration's proposals to tax offshore profits, noting that it might have a sizable impact on the likes of Pfizer, Cisco, Coca-Cola and Hewlett-Packard, which shelter tens of billions in income offshore annually.

[08:18] {Threei}  - Also noted that under current law, US companies can defer taxes indefinitely on the profits they say they have earned overseas until they "repatriate" that money back to the US. The administration has proposed changing this law, and has already baked in the new tax receipts into its budget figures for 2011.

[08:19] {Threei}  - The WSJ article examined securities filings of more than two dozen big companies to see who has the most at stake. Just 10 of the largest companies accumulated nearly $58B in such earnings during 2008, representing about $20B in potential tax revenue. Total US corporate tax receipts last year were around $304B

[08:21] {magoo} is there a set time for streess test results to be released today?

[08:21] {Threei}  today?

[08:21] {Threei}  they pushed it up to may 7

[08:22] {Threei}  and will probably talk it to death inbetween

[08:22] {Threei}  all kinds of rumors are flying around meanwhile

[08:22] {Threei}  about how many banks will need to raise capital,

[08:23] {Threei}  and banks objecting to test findings

[08:23] {Threei}  what a mess

[08:23] {magoo} oh..didnt know date changed

[08:24] {Threei}  yeah, last week announcement

[08:25] {magoo} DNDN CEO sell some stock friday as well as others in mangt

[08:26] {Threei}  why wouldn't they

[08:26] {Threei}  if I weere them, I would be already totally out of it, and waiting for it to return to earth

[08:27] {nemo} hello

[08:28] {Threei}  nemo :)_

[08:34] {nemo} any news RIMM?

[08:34] {Threei}  [08:07] {Threei} [RIMM] Research in Motion Ltd Added to "Conviction Buy" list at Goldman Sachs, price target $85; 6-month Target Price and FY2010-12 EPS Raised

[08:34] {Threei}  [08:07] {Threei} - FY10 EPS target raised from $4.01 to $4.17 ($4.60e)

[08:34] {Threei}  [08:07] {Threei} - FY11 EPS target raised from $4.93 to $5.10

[08:34] {Threei}  [08:07] {Threei} - FY12 EPS target raised from $6.02 to $6.03

[08:34] {Threei}  [08:07] {Threei} - Six-month price target: $85.00 v $82.00 prior (last: $72.30), determined by 18x target for PE (In contrast, cites Apple's 22x, Nokia's 16x, and QCOM's 25x target multiples)

[08:35] {Threei}  WARREN BUFFET: EXPRESSES OPTIMISTIC ON US LONG TERM OUTLOOK

[08:37] {Threei}  BUT UNSURE OF SHORT TERM OUTLOOK - CNBC

[08:37] {Threei}  - Economy will be fine in 5 years, but unsure of outlook in 3 months or up to 2 years

[08:37] {Threei}  - Residential real estate improving in some key areas

[08:37] {Threei}  - Does not know outcome fo stress tests

[08:44] {Threei}  was fairly tempted to call DRYS and SQNM over weekend holds... both would have worked beautifully

[08:44] {Threei}  these stress tests keep me hesitant

[08:45] {Threei}  keep an eye on ACAD

[08:52] {Threei}  REPORTEDLY FIAT HAS OFFERED 1B FOR OPEL OPERATIONS

[08:52] {Threei}  - Plan would involve the closing several manufactoring site

[08:52] {Threei}  - No new date has been set for second meeting between parties

[08:52] {Threei}  - Reminder: CEO of Fiat, OPEL and German officials have been meeting to discuss Fiat's offer/plan{EWG F.IT}

[08:53] {pita} greetings all

[08:53] {Threei}  pita :)

[08:54] {Threei}  BAC

[08:54] {Threei}  NOT WORKING ON PLANS TO RAISE $10B IN EQUITY

[08:54] {Threei}  hmmm

[08:54] {Threei}  whta kind of annoucement is that

[08:55] {dptl} good morning all

[08:55] {Threei}  dp :)

[08:55] {Threei}  can mean just about anything

[08:55] {Threei}  like:

[08:55] {Threei}  but working on plans tro raise 11 B

[08:55] {Threei}  or

[08:55] {Threei}  not working on those plans, they are ready to go

[08:56] {Threei}  there you go, second lne appeared:

[08:56] {Threei}  HAS NOT BEEN GIVEN FINAL NUMBER BY FEDERAL RESERVE

[08:56] {Threei}  lol

[08:56] {cosmo} maybe its just too stressfull

[08:56] {Threei}  I'd guess so

[08:56] {Threei}  sqnm

[08:57] {Threei}  DRYS near break level

[08:57] {Threei}  just hate buying breaks on this onwe

[08:57] {cosmo} CENX

[08:58] {cosmo} needs to fill January gap

[09:03] {fernp} Hello everybody

[09:04] {Threei}  fern :)

[09:04] {Threei}  GM

[09:04] {Threei}  CONFIRMS TO PROCEED WITH SALE OF SATURN

[09:04] {Threei}  - Number of potential buyers have surfaced and expressed interest in the Saturn brand and retailer network.

[09:04] {Threei}  - GM will be reviewing expressions of interest from the potential buyers and will look to secure an agreement with a specific buyer later this year

[09:05] {Threei}  CSIQ

[09:05] {Threei}  ANNOUNCES 5MW CONTRACT

[09:07] {Threei}  nice reaction CSIQ

[09:07] {Threei}  - Announced that it has signed a new sales agreement with Topinfrasolar, a Korean systems integrator, which will expand the relationship and supply agreement by an additional 5 MW.

[09:07] {Threei}  - The contracted deliveries may include both regular and e-Modules and stipulates deliveries for Korean installations in 2009.

[09:07] {Threei}  - Canadian Solar and Topinfrasolar have had a successful business relationship since the beginning of 2009 that has already resulted in the successful delivery to five projects of approximately 3 MW in total.

[09:10] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {dino} 5 down mondays, does it continue?

[09:16] {Threei}  RIMM CEO: STILL SEES LARGE UNTAPPED MARKETS

[09:16] {Threei}  no kidding, I haven't seen any single penguin with blackberry

[09:16] {ese} good morning

[09:16] {Threei}  ese :)

[09:17] {ese} morning vad...patience.....did either of you see the article about me in Boulivard Magazine here yestereday?

[09:18] {Threei}  yes ese :)

[09:19] {Threei}  thought Hey!! I know this face!

[09:19] {ese} what did you think?

[09:19] {jfjf64} mornin

[09:19] {ese} jf

[09:19] {Threei}  being a male species, I don't think anything looking at other male photos...

[09:20] {Threei}  jf :)

[09:20] {ese} ha ha ....ha ha.......

[09:20] {patience} good morning all, and no ese, i haven't seen it yet...are you in it?

[09:21] {ese} yes....article from page 26 to P.30

[09:21] {patience} i will pick one up today

[09:21] {patience} so cool ese

[09:22] {ese} whatever you do though....don't tell magoo that i dragged his character though the mud.......

[09:23] {nemo} back internet problems

[09:23] {ese} and nemo right along with......

[09:24] {nemo} what ese?

[09:24] {ese} had an article done on me in one of our major magazines here

[09:25] {ese} Boulivard Magazine........

[09:26] {nemo} in anything?

[09:26] {ese} Music.....and the program i run at my high school

[09:26] {Threei}  on watch: DRYS, SQNM, ACAD

[09:27] {ese} someone take a look at the daily chart of FITB and tell me if they see a major Bull flag forming there

[09:27] {ese} last 17 days

[09:27] {chinggis} gm all

[09:27] {Threei}  chinggis :)

[09:27] {ese} cha ching

[09:28] {Threei}  ese, chart wise rather yes, but being in financial sector it's subjected to all this hoopla with stess tests

[09:28] {nemo} Tck up almost another buck wtf quintupled since march

[09:28] {Threei}  which can intorduce a lot of surpises and volatility

[09:28] {ese} ya thats coming out thursday right

[09:35] {Threei}  RIMM, watching for long entry on sharp selling,

[09:35] {Threei}  under .40

[09:35] {Threei}  don't be in rush to enter

[09:35] {nemo} Young bull old bull

[09:36] {ese} Looking for FITB to pull back to .02 premarket high 

[09:37] {ese} L Fitb .97

[09:37] {Threei}  RIMM is not ready yet

[09:38] {Threei}  one more shrp red bar is needed

[09:39] {Threei}  ok, almost there

[09:39] {Threei}  half lot, get ready

[09:39] {Threei}  74 break

[09:40] {Threei}  stop under .85

[09:40] {magoo} in

[09:40] {dptl} in .04

[09:40] {Threei}  1:1

[09:40] {Threei}  and over

[09:40] {magoo} .99

[09:40] {nemo} missed

[09:40] {Threei}  half out or scalp

[09:41] {Threei}  stop to .95 if keeping half

[09:41] {ese} out Fitb .05 

[09:41] {dptl} all out .20 ty

[09:41] {Threei}  try to get .40 - .50 on exit

[09:41] {ese} +.08

[09:41] {Threei}  there

[09:41] {Threei}  me done

[09:42] {magoo} out .34 TY vad.NICE

[09:42] {ese} just looked at yours ...nice one boys

[09:42] {larisa} ty vad, got +.50

[09:42] {jfjf64} ty

[09:42] {Threei}  welcome guys

[09:43] {Threei}  and gals

[09:43] {wulff} how did you know it needed one more red bar?

[09:43] {jfjf64} hmm

[09:44] {magoo} all his experience hanging out in communists taverns

[09:44] {Threei}  lol

[09:44] {wulff} starting to think that

[09:44] {Threei}  most things are technical

[09:44] {Threei}  some are guts

[09:44] {Threei}  this one was guts

[09:45] {wulff} and cash cushion

[09:46] {Threei}  ACAD... grrr

[09:46] {Threei}  I never felt safe enough for entry

[09:46] {Threei}  that opening bar on it made it a bit out of my risk tolerance zone

[09:47] {Threei}  70 cents jump on $2 stock...

[09:47] {Threei}  BUCY

[09:47] {Threei}  let's see if breakout buyers get trapped

[09:48] {Threei}  and enter on sharp pullback if that happens

[09:49] {nemo} pcx , aci an mee in tht space too

[09:50] {dino} sm l mant .49

[09:51] {ese} L fitb again .00

[09:51] {wulff} 1.5 million shares

[09:51] {ese} ummmmmmm no....not this time

[09:52] {nemo} wuss

[09:52] {ese} it is up there though

[09:52] {ese} 10k

[09:52] {nemo} girlieman

[09:52] {ese}  the first one was 15k

[09:52] {ese} by .08

[09:53] {Threei}  so far so good

[09:53] {ese} out FITB .05

[09:53] {Threei}  prepare half lot BUCY

[09:53] {Threei}  idea of the trade:

[09:53] {ese} +.05 on 10k

[09:53] {Threei}  feels like stops are located under .80,

[09:54] {Threei}  if they get triggered, we should get quick downdraft into .50 - .60 zone

[09:54] {ese} that was pretty funny there nemo........I'll get ya though

[09:54] {nemo} What can I say, I'm jealous

[09:55] {ese} This make up for friday 

[09:55] {Threei}  FITB seems to be following FAS quite close today, ese

[09:55] {ese} yes

[09:56] {ese} and qqqq....taking signal from both

[09:56] {nemo} BUCY strting to form a C&H?

[09:57] {nemo} or a ladle?

[09:57] {nemo} :)

[09:57] {Threei}  I don't l;ike the idea of breakout on it

[09:57] {nemo} yeah, but all the coals are moving up

[09:57] {Threei}  if that what happens, I'll rather let it go

[10:00] {Threei}  *MAR PENDING HOMES SALES (M/M): 3.2% V 0.0%E

[10:00] {ese} other thing about FITB ...this bull flag it's forming explains it's trading habit lately.....less volume/less range....after it breaks out of it one way or the other should go back to normal for a few days 

[10:00] {Threei}  *MAR CONSTRUCTION SPENDING (M/M): 0.3% V -1.6%E

[10:00] {Threei}  - prior revised from -0.9% to -1.0%

[10:00] {ese} should be able to take advantage of that

[10:01] {ese} hmmm positive numbers should help today

[10:02] {Threei}  quite a spike

[10:02] {nemo} yep

[10:02] {Threei}  watching ENER

[10:02] {jfjf64} y

[10:02] {Threei}  want to see shallow pullback, then 20 long trigger

[10:02] {dino} apol sm l .10 stop .74

[10:03] {ese} L Fitb .04

[10:05] {ese} all out Fitb .10 

[10:05] {ese}  +.06

[10:05] {ese} cool ...just got in at .04 before it shot up

[10:05] {Threei}  nice one

[10:06] {ese} i'll take that one vad....bit lucky but i'll take it

[10:06] {Threei}  your ATM is firing up on all cilinders

[10:06] {ese} yup so far

[10:06] {nemo} whoa apol

[10:07] {dino} \apol stopped

[10:07] {Threei} Long Setup:  JNPR  .20 break if stays above .15

[10:12] {Threei}  RMBS...

[10:12] {dino} mant stop to .79

[10:12] {dino} out +.30

[10:14] {nemo} watching apol dino?

[10:15] {dptl} cat?

[10:16] {ese} L HBAN .07

[10:16] {nemo} .07 ese?

[10:18] {ese} opps .77

[10:18] {ese} this one burned me on friday......we'll see what happen this time

[10:19] {dino} y nemo

[10:19] {dino} pl

[10:20] {larisa} nice alert CAT dp, hope you took it

[10:21] {dptl} no i didn't

[10:21] {larisa} beautiful base, good eye anyway

[10:21] {dptl} ty

[10:22] {Threei} Short Setup: QLD  .50 break if stays under .55

[10:22] {nemo} chinese stocks exploded

[10:22] {dino} mgl sm l .50

[10:22] {dino} mgln

[10:24] {jfjf64} qld   invalid??

[10:25] {Threei}  yes - unless you reestablishes the range

[10:25] {Threei}  or unless you are willing to keep stop above .60

[10:25] {jfjf64} ty

[10:25] {Threei}  I don't like this entry here

[10:25] {dino} agys

[10:26] {Threei}  would rather wait for it to bounce, show inability to make new high

[10:26] {Threei}  so I could hunt for aggressive entry closer to resistance

[10:27] {dino} nafc

[10:29] {fernp} YHOO pullback, Vad?

[10:30] {Threei}  .16 long with stop under .10?

[10:30] {fernp} y

[10:30] {Threei}  if market resumes upward, sure

[10:30] {dino} mgln stop to .47

[10:31] {Threei}  especially if makes 1-2 more moves between these limits

[10:31] {dino} ugh apol

[10:31] {fernp} ty

[10:31] {Threei}  if sets up, scalp only... I wouldn't expect much from YHOO

[10:32] {fernp} ok 

[10:37] {dino} risky sm apol .60 l

[10:39] {dino} to .90 apol

[10:39] {dino} out +.30

[10:40] {Threei}  FITB gains more relative strength

[10:41] {Threei}  ahead of both FAS and NASDAQ now

[10:41] {dino} mgln to b/e

[10:41] {dino} nafc

[10:41] {ese} just noticed that.....

[10:42] {nemo} now this is important stuff: http://finance.yahoo.com/news/High-court-throws-out-ruling-apf-15118508.html

[10:42] {magoo} laserr says cant SHORT SPY per SEC??

[10:43] {dino} use sds but 2x

[10:43] {dino} sh 1x

[10:43] {nemo} or short sso

[10:43] {dino} opps sh long

[10:43] {dino} nope disregard

[10:43] {Threei}  just no shares mags

[10:44] {nemo} :)

[10:44] {Threei}  they simplified message

[10:44] {dino} sh= short

[10:44] {magoo} got it ty

[10:44] {nemo} sso=S&P 2x long  sds=S&P 2x short

[10:44] {Threei}  used to be a few different explanations

[10:46] {nemo} no volume again.  Ma and Pa are staying out of this dance, looks like it's going to just be the pros.  Makes sense though.  Ma and Pa are probably done for a looooonngggg timeeeee

[10:46] {larisa} I hope you are wrong, it is harder to compete wih pros :) 

[10:47] {dino} don't overthink, just trade

[10:47] {nemo} It would make sense though...so I am probably wrong...but how disillusioned do you think people are now?

[10:47] {dino} in the end nothing matters

[10:47] {nemo} I'm not Dino, just noticing the volumes...yeah in the end, we're dead

[10:48] {magoo} yup..we're all just dust in the wind

[10:48] {dino} well at the close what matters?????????????/

[10:48] {Threei}  philosophical mood is setting

[10:48] {nemo} here we go...thanks Kerry

[10:50] {chinggis} Vad CENX pullback playable?

[10:50] {dino} apol sm l .70

[10:51] {Threei}  this pullback to .50 is so shallow, I would rather go for break of ,60

[10:51] {Threei}  if loses .50 before breaking, will have to reevaluate next support

[10:52] {chinggis} ok Ty Vad

[10:52] {Threei}  keep an eye on AA chinggis

[10:52] {chinggis} ok

[10:52] {Threei}  you want to see AA strength for CENX break

[10:53] {chinggis} ok ty

[10:57] {Threei}  beautiful

[10:57] {Threei}  out?

[10:57] {chinggis} i did not play

[10:57] {chinggis} missed

[10:57] {Threei}  awww

[10:57] {Threei}  good find

[10:58] {chinggis} :(

[10:58] {Threei}  anyone went for it?

[10:59] {chinggis} ty

[11:00] {dino} yobama coming on tv

[11:00] {nemo} short anything?

[11:03] {dino} mgln stopped flat

[11:06] {dino} apol stopped flat

[11:07] {nemo} yobama effect

[11:10] {ese} for crying out loud&^%^%$ HBan

[11:11] {nemo} trap door...hope the noose was snug

[11:11] {ese} Out HBAN.......,02 =.05

[11:11] {Threei}  CEO: CREDIT CARD UNIT IS THE 'MOST UNDER STRESS' OF OUR BUSINESS SEGMENTS; THERE REMAIN TOO MANY BANKS IN THE US - CONF COMMENTS

[11:11] {ese} thats -}05

[11:11] {Threei}  JPM

[11:12] {ese} piece of S....&^&$# stock

[11:13] {jfjf64} jpm

[11:15] {ese} burns me friday burns me today......never want to see it again......whos rnning that bank anyway....blah blah blah

[11:15] {chinggis} Is AA gonna break hod?

[11:15] {pita} skipped today's burn, ese, still smarting from Fri.

[11:16] {Threei}  looks this way but it's very slow and narrow

[11:16] {ese} true

[11:16] {chinggis} ok ty Vad

[11:16] {Threei}  CENX is much better player in this field

[11:16] {ese} everything heading up....it's heading dn.....bad sign

[11:17] {dino} sm risky l apol .15

[11:18] {nemo} volume has picked up significantly

[11:19] {ese} gonna pass on this one for along time pita

[11:21] {pita} yeah

[11:21] {pita} FITB more stable

[11:23] {pita} cheap stock with good volume - tempting

[11:24] {ese} yes but it's reached it's maximum trading range for the day

[11:24] {ese} up from here is a gamble

[11:25] {pita} FITB?

[11:26] {ese} yes....it tends to move about .40 a day and it's at .45

[11:26] {pita} k

[11:29] {ese} looks like it wants up pita.....but i'm good for the day with it

[11:30] {pita} know when to say when...

[11:30] {ese} would love to short HBAN right into the ground.........i'm not bitter!!!!   no sir 

[11:31] {magoo} its not butter?

[11:31] {ese} just want it to get it's just deserts

[11:31] {nemo} mags...painkillers kicking in?

[11:32] {jfjf64} lol

[11:32] {ese} maybe that would be better mags.....slide it into the ground painfully

[11:35] {Threei}  FITB just won't quit

[11:37] {ese} ya l'll say

[11:37] {ese} skys the limit past .40   three day high

[11:38] {ese} breaking out of bull flag to the upside

[11:38] {Threei}  Timmy on TV

[11:39] {Threei}  Prez now

[11:42] {ese} what are they saying.......market about to tank?

[11:43] {Threei}  tax shelters closing

[11:44] {nemo} All that homeless money kicked out into the street

[11:44] {magoo} and mkts like this vad?

[11:44] {Threei} Short Setup: QLD  .30 break

[11:45] {Threei}  if moves closer to .40, agressive entry will be preferred

[11:45] {jfjf64} charlie  wont  let  me   short     

[11:46] {Threei}  if never breaks .35, then regular entry

[11:48] {Threei}  first weakness from here

[11:48] {Threei}  if stays below .50

[11:48] {Threei}  .43 in

[11:48] {Threei}  stop just above .50

[11:50] {dptl} in .42

[11:52] {Threei}  if you are very very stingy, trail stop to above .45

[11:52] {Threei}  1:1 already

[11:53] {pita} ty

[11:53] {Threei}  welcome

[11:53] {dptl} half out

[11:53] {Threei}  beautiful entry eh

[11:54] {Threei}  2- 3 cents under the high

[11:57] {ese} fitb ...here comes the interesting part will it break by .40

[11:58] {dptl} more out .23 ty

[11:58] {ese} going against qqqq good sign

[12:01] {dptl} out last  

[12:02] {ese} you short qld dp?

[12:02] {dptl} yes all out now

[12:02] {ese} at .42.....nice one

[12:03] {dptl} +.10 +.19 and +.09

[12:03] {ese} high five**

[12:04] {dptl} high five..thnx to Vad :)

[12:05] {ese} high five to vad**

[12:05] {dptl} shhh...you gonna wake him up :)

[12:08] {ese} zzzzzzz....snort.....graugel....zzzzzzzz  can hear him now

[12:08] {Threei}  lol

[12:13] {Threei}  WFC

[12:13] {Threei}  REGULATORS REPORTEDLY TELL WFC TO SHORE UP THEIR BALANCE SHEET

[12:14] {nemo} must be why they

[12:14] {nemo} they

[12:14] {nemo} they're up almost 2 bucks

[12:15] {Threei}  this is fresh news, and it dropped when it hit

[12:15] {Threei}  - Note: overnight the FT reported that stress test results suggest Wells Fargo (among other banks) may need additional capital.{

[12:15] {nemo} yeah, but that they were on the list came out before

[12:17] {Threei}  as larisa would say... you worry too much {G}

[12:17] {nemo} look at Apol dino

[12:17] {Threei}  or as dino would say... you overthink it

[12:17] {dino} i don't know how, but apolk sold at 58.85, +.70

[12:18] {dino} apol

[12:18] {nemo} when did you go long?

[12:18] {dino} missed esi at 89.50

[12:18] {dino} awhile nemo, sm wide

[12:19] {dino} lucky

[12:21] {ese} just flound out that you can read boulivard magzine online....the article on me is P.26 to P29

[12:21] {ese} http://www.victoriaboulevard.com/

[12:21] {nemo} is that how you spell it?

[12:27] {dino} lanc s .92 sm

[12:31] {nemo} cool ese.

[12:37] {ese} tks....it was nicely done i thought...

[12:37] {nemo} yes...Our local high school jazz band is a quality product also..it's always a nice surprise

[12:41] {dino} cool es

[12:42] {ese} tks dino......i haven't had time to see it yet......do they show the photos as well....

[12:42] {dino} some

[12:42] {ese} have just read the actual magazine article

[12:42] {nemo} you and one of with the kids

[12:44] {dino} lanc stopped -.28

[13:02] {chinggis} spwra?

[13:05] {Threei}  hard to tell...

[13:05] {Threei}  nice chart

[13:05] {Threei}  but churns in place ever so slowly

[13:05] {chinggis} ok ty

[13:11] {dino}  mant lod

[13:11] {dino} sm l .05

[13:13] {dino} celg sm l .70

[13:16] {Threei}  crazy spike

[13:16] {chinggis} yeah

[13:24] {Threei} Short Setup: EXPD  38 break if stays under .10, half lot

[13:26] {Threei}  Just 18% of Americans think the United Auto Workers union and the federal government will do a good job running Chrysler and General Motors

[13:26] {Threei}  I'd say, we have 18% of sleepwalking

[13:28] {Threei}  WHITE HOUSE'S GIBBS: SOME BANKS WILL NEED MORE CAPITAL

[13:29] {ese} outta here all see ya tomorow

[13:29] {Threei}  take care ese

[13:29] {pita} me too cu all later

[13:30] {Threei}  pita :)

[13:31] {larisa} EXPD up on no news ?

[13:31] {Threei}  yes

[13:31] {larisa} ty

[13:31] {Threei}  I'd say, dminishing concerns about swine flu

[13:31] {jfjf64} short still valid?

[13:31] {Threei}  yes

[13:32] {Threei}  it never broke .10

[13:33] {dino}  apol sm l .05

[13:36] {Threei}  FITB will nevert stop

[13:36] {Threei}  ever

[13:39] {chinggis} l cenx .83

[13:46] {dino} isle

[13:47] {dptl} in expd .99

[13:48] {chinggis} slow.. out cenx

[13:48] {nemo} inn expd

[13:52] {magoo} i have doc apptmt now..c u tommorrow

[13:52] {nemo} good luck mags

[13:52] {Threei}  take care mags, good luck

[13:53] {Threei}  don't kick doc with your broken leg

[13:53] {magoo} ty..good luk to u all trading

[13:54] {Threei}  1:1, half out

[13:54] {nemo} yep

[13:54] {Threei}  scalpers are scalpers of course

[13:55] {Threei}  I'll try to squeeze more out of it

[13:55] {dptl} 2/3 out 

[13:55] {Threei}  looks to me so done, give me a fork to put in it

[13:56] {larisa} but why so dead at the top.. wierd one. good luck though :)

[13:57] {dptl} all out ty

[13:57] {Threei}  1:2

[13:57] {nemo} me too

[13:57] {Threei}  traitors

[13:57] {Threei}  left me alone

[13:57] {nemo} scalper

[13:58] {Threei}  me be laughing last

[13:58] {nemo} RIMM VAD

[13:58] {Threei}  .80 short?

[13:59] {nemo} I was thinking that but if it stays below .90

[13:59] {Threei}  let it trade for now, watch how it slides to .80

[13:59] {Threei}  if slowly and nicely, short breakdown

[13:59] {Threei}  if drops into .80- verticsally, let it go

[14:00] {Threei}  this market bo7unce looks unconvincing to me

[14:00] {Threei}  we are going lower

[14:00] {dino} cmtl sm l .25

[14:01] {Threei}  FED SURVEY: BANKS EXPECTING ADDED DETORIATION IN LOAN QUALITY

[14:06] {Threei}  ECPD 1:3

[14:06] {Threei}  lower going we are

[14:07] {nemo} ok back in

[14:07] {Threei}  hmm?

[14:07] {larisa} nemo wants 37 on it :)

[14:07] {nemo} I was out @ 2:1 BUT GIVEN YOUR CONVICTION i DIDN'T WANT YOU TO BE HERE ALONE

[14:08] {nemo} sorry about the caps

[14:08] {Threei}  that's questionable decision from risk management point of view

[14:08] {Threei}  conviction alone is cheap

[14:08] {nemo} yeah, it's looking worse

[14:08] {Threei}  the game is about risk exchange

[14:09] {Threei}  with entry 30 cents higher my risk is zilch

[14:09] {Threei}  entry here is way riskier

[14:09] {nemo} and I took my eye off rimm

[14:11] {Threei}  1:4 baby

[14:12] {Threei}  covered 1/4 more .61, +.38

[14:13] {Threei}  me happy

[14:14] {Threei}  not jump-up-and-down-happy, but this masculine tempered smile happy

[14:14] {dino} anybody know when stamps go up in usa?

[14:14] {Threei}  nice drop RIMM

[14:15] {larisa} may 11 dino

[14:15] {dino} to what?

[14:15] {larisa} 44 from 42 I think

[14:15] {dino} ty

[14:15] {larisa} yw

[14:18] {larisa} something wrong with HIG, keeps rising :)

[14:19] {Threei}  yeah... looked at it a few times, couldn't bring myself to call it

[14:21] {larisa} I'm trying to stay away from it too 

[14:21] {larisa} :)

[14:35] {wulff} just came back. what on earth happened with the Finnies?

[14:35] {nemo} they  all need financing 

[14:35] {larisa} lol

[14:36] {nemo} the pres says they're healthy enough to get it from the market, so the dilution should raise the stock price...go figure

[14:36] {Threei}  my guess is,things happen accordingly to original markety intent briefly interrupted by swine flu

[14:37] {Threei}  that intend was to go up into stress test results,

[14:37] {Threei}  then react to announcement

[14:37] {Threei}  most likely by harsh drop if results are positive

[14:37] {nemo} so, is expd setting up for short or long?

[14:38] {nemo} answers that

[14:38] {dino}  cmtl stopped -.33

[14:39] {Threei}  my dear beauty, EXPD

[14:41] {larisa} lethargic beauty 

[14:42] {jfjf64} we take it any way we cd get it    correct vad

[14:43] {Threei}  ummm

[14:43] {Threei}  I feel this is too loaded

[14:43] {Threei}  I'll stay silent :)

[14:44] {Threei}  even though magoo is not here, nemo is not much better... I already see his preparing 15 jokes about sleeping beauties

[14:44] {nemo} no...not one

[14:45] {Threei}  says nemo quickly ripping the sheets and throwing pieces out

[14:47] {wulff} you find any good trades since noon? 

[14:47] {Threei}  [13:24] {Alert} Threei Short Setup: EXPD 38 break if stays under .10, half lot

[14:48] {Threei}  13:24 is after noon

[14:48] {Threei}  I think

[14:48] {dino} celg stop to .95

[14:48] {nemo} depends on time zone

[14:50] {Threei}  WFC... jeez

[14:51] {jfjf64} is  that  good jeez   or bad  jeez

[14:51] {Threei}  just jeez

[14:51] {Threei}  completely unemotional jeez

[14:51] {jfjf64} lol

[14:51] {Threei}  :)

[14:51] {jfjf64} pullback  coming??

[14:52] {Threei}  EXPD doesn't make new lows with NQ drop

[14:52] {Threei}  out

[14:52] {Threei}  +.50

[14:52] {Threei}  enough is enough

[14:52] {larisa} gj

[14:53] {Threei}  ty

[14:53] {jfjf64} nice wk

[14:54] {Threei}  WFC

[14:54] {Threei}  S&P PUTS RATINGS ON WATCH NEGATIVE

[14:54] {Threei}  that's it... now it goes to 30

[14:56] {Threei}  lol... see?

[14:57] {dino} celg stopped .99, +.29

[14:58] {nemo} early on expd

[14:58] {wulff} LVS pullback

[14:59] {Threei}  nah, I am OK with it... look at that moment in the market - volume flattened, stopped giving infications

[14:59] {Threei}  market could start recovery at that point just as easily

[15:00] {Threei}  I am scalper... I got 50 cents trade... do I risk it in uncertain situiation?

[15:01] {Threei}  think of trading as buying and selling risk

[15:01] {nemo} understood, just busting stones, probability of reversal much higher

[15:01] {Threei}  the guy who bought EXPD at 38 from me bought whole lot of risk

[15:01] {Threei}  and I was happy to sell it to him

[15:01] {nemo} had to do something...couldn't think up any sleeping beauty jokes

[15:01] {jfjf64} lol

[15:02] {Threei}  lol

[15:02] {Threei}  all I know are rhyming in russdian only

[15:02] {Threei}  so not much of help to you

[15:09] {dino} ddrx

[15:12] {dptl} db expd?

[15:13] {Threei}  nah

[15:13] {Threei}  leave it be

[15:14] {dptl} ye looks like going lower

[15:18] {dino} cmtl drop

[15:20] {Threei}  FAZ under 7... sheesh

[15:20] {Threei}  before you ask jf... this is unemotional sheesh

[15:20] {jfjf64} lol

[15:20] {dptl} lol

[15:21] {Threei}  there must be bounce here somewhere

[15:21] {nemo} maybe not Nas been running a 7 point zone since 10:30

[15:22] {nemo} same for S&P

[15:22] {nemo} OW 50 points

[15:22] {nemo} DOW

[15:23] {cosmo} XTXI holding 3.40  so far

[15:25] {nemo} sheesh...don't ask jf

[15:30] {dino} sm l cmtl .49

[15:34] {Threei}  FED'S LACKER: NO COMMENT ON BANK STRESS TESTS, NOTES TESTS ARE IN THE "CLOSING PHASE"

[15:35] {dino} stop to .79

[15:36] {dino} to .89

[15:36] {dino} out .89.+.40

[15:36] {nemo} nice dino

[15:38] {dino} ty

[15:38] {dino} slow day for me, not much on the capit side

[15:38] {Threei}  slow is right

[15:38] {Threei}  but profitable

[15:38] {dino} light tho

[15:39] {dino} average is down last 5 weeks or so

[15:39] {nemo} Volatility is down plus we're headed into the summer

[15:40] {Threei}  - Fed will have to tighten policy at some point, cannot predict when that will be.

[15:40] {Threei}  - Loses on legacy assets should not get in the way of lending, bank lending should rise as economy recovers.

[15:40] {nemo} that your opinion or are you quoting

[15:41] {Threei}  lol

[15:45] {dptl} have a good evening all

[15:46] {larisa} bye dp

[15:46] {Threei}  take care dp

[15:46] {dino} cya

[15:51] {Threei}  ok... FAZ will reach zero first

[15:52] {Threei}  wow

[15:52] {nemo} well, that's not a "sheesh."

[15:52] {Threei}  but it's a very unemotional wow

[15:52] {Threei}  you can call it sleepy wow

[15:52] {wulff} I'm a buyer at .50

[15:53] {dino} mant stopped .90, -.15

[15:53] {Threei}  6.50?

[15:53] {Threei}  0r 5.50?

[15:53] {wulff} no .50

[15:53] {Threei}  oh, just .50

[15:53] {Threei}  lol

[15:53] {wulff} no need for put protection there

[15:55] {nemo} finnies won't stop...tck won't stop

[15:56] {Threei}  AIG

[15:56] {Threei}  QUARTERLY RESULTS WILL REPORTEDLY NOT INCLUDE A CAPITAL REQUEST; WILL NOT NEED GOVT CASH FOR Q1; WILL SHOW IMPROVEMENT FROM Q408 - UNCONFIRMED REPORT

[15:56] {Threei}  - Note: AIG scheduled to report after the close on May 7, 2009{

[15:59] {larisa} later good people :)

[15:59] {Threei}  take care larisa :)

[15:59] {Threei}  (I assumed she meant us)

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

[15:59] {Threei}  have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {dino} out apol .38, +.33

[16:00] {Threei}  dino, stop making moneyu

[16:00] {Threei}  the day is over

[16:01] {dino} well, had to clean it out 

[16:03] {dino} gn all, baseball w/son

That was one boring and narrow day, ending boring and laborous week.

Session Time: Fri May 01 00:00:00 2009

[08:00] {Threei} DRYS

[08:00] {Threei} TOTAL CONTRACTED REVENUE BACKLOG OF $2.3B - PRESENTATION SLIDES

[08:00] {Threei} - Total 2009-2011 Rev from long-term time charters $1.1B

[08:00] {Threei} - Investment Thesis includes: Oil prices will rebound; Resilient growth trend in China & India; Dry bulk commodity demand set to grow once recession abates; EPS Impact of drillship opportunities; Shipping stocks oversold; Leading consolidator distressed opportunities; Strong Management with long track record in Shipping, Ultra Deep Water Drilling & Capital markets

[08:00] {Threei} - 2009 Fixed EBITDA Estimates $572M

[08:00] {Threei} - 2010 Fixed EBITDA Estimates $597M

[08:00] {Threei} - 2011 Fixed EBITDA Estimates $568M

[08:02] {magoo} morning

[08:02] {Threei} magoo :)

[08:04] {nemo} magus :)

[08:05] {dptl} good morning all

[08:05] {Threei} dp :)

[08:05] {nemo} that gap in DRYS could be fun today

[08:11] {magoo} MA down on decent report

[08:13] {magoo} well.beat analysts

[08:13] {magoo} niot great after reading

[08:13] {Threei} wow

[08:13] {Threei} you actrually read those?

[08:14] {magoo} u impressed

[08:14] {Threei} anyone sees anything on PALM?

[08:14] {Threei} I am mags... very

[08:14] {nemo} also, with so many credit card holders high debt levels and credit card banks cutting back credit, there may be a limited transaction upside. More debit cards, less credit cards

[08:14] {nemo} New Palm unit coming out

[08:17] {Threei} NY TIMES: US SENATE DEFEATS PROPOSAL THAT WOULD HAVE ALLOWED HOMEOWNERS GREATER FLEXIBILITY TO RENEGOTIATE TERMS OF MORTGAGES

[08:17] {Threei} - Article noted that the mortgage provision garnered only 45 votes in the Senate, falling well short of the 60 votes necessary to break a threatened filibuster to a measure sponsored by Senator Richard Durbin, Democrat of Illinois, that would give bankruptcy judges greater flexibility to modify mortgages.

[08:18] {Threei} - Article noted that in recent weeks, major banks and bank trade associations worked closely with Senate Republicans to stop the measure. Twelve Democrats joined all the Republicans in voting against it.

[08:18] {Threei} interesting dissent

[08:18] {nemo} It

[08:18] {nemo} It's a huge threat to sanctity of contract

[08:28] {vinod} good mornng to all

[08:28] {Threei} vinod :)

[08:29] {nemo} :)

[08:29] {nemo} we under martial law yet vinod?

[08:29] {vinod} you like the article?

[08:30] {nemo} Yeah...I have martial law discussions fairly regularly in my weekend job in regards to the 2nd Ammendment

[08:30] {vinod} got to go see you after 10.30 meeting

[08:31] {nemo} ?

[08:56] {ese} good morning......i think

[08:57] {nemo} don't think ese :)

[08:57] {Threei} ese :)

[08:57] {ese} lousy nights sleep

[08:59] {ese} drys...gap up

[09:04] {Threei} quiet opening

[09:04] {Threei} so far at least

[09:07] {ese} seems like it

[09:08] {cosmo} give it another 20 min. sheesh

[09:09] {cosmo} HGSI

[09:10] {Threei} SQNM worth keeping eye on

[09:11] {Threei} 3.94 yesterday's high

[09:11] {fernp} hello everybody

[09:11] {Threei} fern :)

[09:11] {nemo} :)

[09:13] {dino} gm all

[09:13] {Threei} dino :)

[09:13] {nemo} dino :)

[09:15] {ese} dino

[09:15] {dino} not much so far, but will watch pnra for gap fill 55.40s, mgln-4 yesterdays, as well as mant -6.50 and itri -5.50

[09:18] {jfjf64} good mornin all

[09:18] {Threei} jf :)

[09:18] {larisa} good morning :)

[09:18] {Threei} larisa :)

[09:21] {Threei} F yest high is 5.99,

[09:21] {Threei} gapped over that, now pulled back right into it

[09:22] {Threei} with market strength, 6 break is interesting, just want it to stay under it for a few

[09:24] {cosmo} SQNM 3.87 high so far

[09:27] {dptl} you in f?

[09:27] {Threei} no

[09:28] {dptl} i got .02

[09:31] {Threei} Long Setup: DRYS .20 if holding above .10

[09:31] {nemo} day has a weird feel to it

[09:34] {nemo} drys respectiong that trend line so far

[09:35] {jfjf64} drys valid

[09:35] {Threei} FAZ

[09:36] {magoo} l GE .55

[09:37] {Threei} Long Setup: FAZ .50 break if holding .40

[09:37] {nemo} my quotes are screwed up

[09:38] {nemo} they're reversed in the LII

[09:38] {pita} gm all

[09:38] {Threei} pita :)

[09:39] {chinggis} gm all

[09:39] {Threei} chinggis :)

[09:39] {pita} miss anything? watching?

[09:39] {nemo} Khan :)

[09:40] {dino} esi blood

[09:41] {dino} mgln at uyesterdays lod

[09:42] {Threei} let's modify DRYS

[09:42] {Threei} .10 break

[09:42] {Threei} if holding 8

[09:43] {dptl} IN

[09:43] {nemo} missed

[09:43] {nemo} in

[09:43] {jfjf64} wher stop drys

[09:44] {Threei} [09:42] {Threei} if holding 8

[09:44] {nemo} you make me feel better jf

[09:48] {ese} vad do you have a screen that can catch stocks like BMRN a litle sooner

[09:49] {dino} sm l mgln .25

[09:50] {Threei} 9:40 is first alert on it

[09:50] {Threei} $13.35

[09:50] {ese} yes

[09:51] {ese} no real screen i guess.....just have to monitor it

[09:51] {Threei} before that I'd guess only pre-market would catch a gap

[09:51] {ese} tks

[09:52] {nemo} market catching a bid but not drys

[09:52] {wulff} financial pops

[09:52] {wulff} they're delicioius

[09:53] {Threei} no go DRYS

[09:53] {nemo} that hurt

[09:53] {dptl} ah..stopped -.14

[09:53] {nemo} -16

[09:54] {Threei} SQNM

[09:54] {dino} mgln stop to .55

[09:54] {ese} bmrn bull trap ...but should bounce

[09:55] {Threei} APRIL FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 65.1 V 61.9E

[09:55] {wulff} RIMM break for risk takers

[09:55] {dino} to .75

[09:55] {Threei} what the deuce

[09:56] {Threei} no news SQNM

[09:56] {ese} l bmrn .00

[09:56] {dino} v sm v wide esi l .25

[09:57] {dino} stewie

[09:57] {Threei} what was that?

[09:57] {Threei} got 3.95 fill

[09:57] {Threei} out 4.15

[09:57] {dino} mgln to .80

[09:58] {Threei} that long red tail was shake from hell

[09:58] {ese} stop .86 bmrn

[09:58] {dino} to .85

[09:59] {dino} out mgln .89, +.64

[10:00] {Threei} MAR FACTORY ORDERS: -0.9% V -0.6%E

[10:00] {Threei} APR ISM MANUFACTURING: 40.1 V 38.4E; PRICES PAID: 32 V 34.0E

[10:01] {ese} rats bmrn stopped .86 -.14

[10:02] {pita} DRYS again?

[10:03] {Threei} don't know

[10:03] {Threei} CAT

[10:03] {Threei} watching for pullback to .30

[10:04] {dino} cedc

[10:05] {nemo} there goes drys

[10:07] {dino} life sm l .00

[10:07] {ese} L hban .88

[10:09] {dino} mcd has been way underperforming

[10:09] {dino} mant

[10:10] {pita} stop HBAN ese?

[10:10] {dino} scor blood

[10:10] {ese} stop hban .80

[10:11] {Threei} Long Setup: CAT .30 break

[10:11] {Threei} if stays above .20

[10:12] {dptl} valid still ?

[10:13] {dino} life stop to b/e

[10:13] {dino} bgc

[10:13] {dino} tree

[10:13] {dino} bgfv

[10:13] {dptl} in cat

[10:14] {nemo} was it still valid?

[10:15] {dawg} .

Session Close: Fri May 01 10:15:53 2009

Session Start: Fri May 01 10:15:53 2009

Session Ident: #discussions

02[10:15] * Disconnected

02[10:17] * Attempting to rejoin channel #discussions

03[10:17] * Rejoined channel #discussions

[10:17] {ese} OK....I had it......I'm done for the day cannot judge the market today

06[10:18] * magoo slaps ese around a bit with a large trout

[10:18] {magoo} snap[ out of it man..WE NEED U

[10:18] {Threei} something's wrong with my connection

[10:18] {ese} tks......lousy nights sleep = poor judgement

[10:20] {dino} cya es

[10:20] {dino} get some zzzzzzzzzz

[10:20] {ese} oh...i'm just gonna watch...and listen...keep my mouth shut

[10:20] {pita} CAT inverted C&H

[10:21] {nemo} yep

[10:21] {Threei} quotes OK?

[10:21] {nemo} look so for me was having problems earlier

[10:21] {dino} sm risky s bgc .15

[10:21] {fernp} here, yes

[10:21] {Threei} my connection then

[10:22] {dptl} s....t stopped cat

[10:22] {dino} life stopped -.01

[10:22] {Threei} didn't it go to 1:1?

[10:22] {dptl} no

[10:22] {Threei} what the

[10:22] {Threei} I see it .40

[10:23] {ese} my quotes are now down also

[10:23] {Threei} at 10:15

[10:23] {nemo} It invalidated I thought

[10:23] {dptl} on chart yes but on level 2 no

[10:24] {fernp} 36.40 at 10:13

[10:24] {nemo} I saw prints of .17 and .18

[10:25] {pita} ditto nemo

[10:25] {nemo} yeah, so I thought it invalidated

[10:25] {nemo} pita, you take the short?

[10:26] {pita} no guts

[10:26] {magoo} long SPY .80p

[10:26] {magoo} 80

[10:26] {nemo} it was right there yelling at us

[10:26] {pita} yeah

[10:26] {nemo} Well, I was with you on that

[10:27] {pita} went with ese on HBAN - haven't recovered impetus

[10:28] {nemo} I understand...not getting off well, makes it harder

[10:28] {dino} bgc stopped -.32

[10:28] {ese} definately nemo

[10:29] {ese} but stuck to plan....stayed those stops....thats just the game

[10:30] {nemo} Yeah, I have to go get more vaseline though

[10:30] {pita} no argument there

[10:30] {ese} thats vads plan...it's made me alot of money to this point....gonna have dn days

[10:31] {magoo} vad who??

[10:31] {chinggis} FAZ?

[10:32] {ese} wouldn't mind dino's gut feeling for bounces though.......on any other day BMRN probably would have

[10:32] {Threei} can't tell chinggis, they make sudeen moves with no pattern

[10:32] {nemo} no man's land on FAZ right now

[10:32] {jfjf64} ms

[10:33] {Threei} look at that drop on FAZ around 9:50

[10:33] {Threei} what was that about?

[10:33] {dino} lol es

[10:33] {dino} bgc taunting me to try again

[10:33] {chinggis} ok ty

[10:33] {dino} mant holds lows well

[10:34] {magoo} jf..jpm too

[10:34] {nemo} C&H on BGC

[10:35] {dino} to where nemo, i don't use cups, drink from bottle

[10:35] {nemo} hahahaha...ow...laughing hurts with a hangover

[10:35] {dino} tree hod

[10:35] {magoo} nemo..u hung over?

[10:36] {nemo} faz Khan

[10:36] {dino} seriously nemo, to where?

[10:36] {chinggis} yeah I c

[10:37] {nemo} approx 34

[10:37] {dino} ok, was feeling 34.50ish

[10:37] {Threei} Long Setup: GE .65 break

[10:37] {magoo} anyone in SPY with me?

[10:37] {Threei} if stays above .60

[10:37] {magoo} .23 cents here

[10:37] {dino} i don't use the patterns

[10:38] {pita} in ge

[10:38] {fernp} in

[10:39] {chinggis} in

[10:39] {dino} life sm l .70 stop lod

[10:40] {dino} m,ant sm l .25

[10:41] {Threei} DRYS

[10:41] {Threei} HEARING MORGAN STANLEY MAKING CAUTIOUS COMMENTS

[10:42] {ese} hey hey dino....what your analysis on GPRO

[10:42] {dino} that was mant not m,ant

[10:43] {dino} my my

[10:44] {dino} i like it es

[10:45] {dino} break of .50 l imo

[10:46] {dino} or pullback at .25

[10:46] {dino} sm l .50

[10:47] {dino} stop .18

[10:47] {Threei} US REGULATORS TO REVEAL STRESS TEST RESULTS MAY 7

[10:47] {Threei} - Earlier reports suggested that Stress test results would be later next week{XLF BAC C WFC JPM}

[10:47] {ese} i may give this another try this morning....i like the break of .50 also

[10:47] {Threei} what an unbelieavable bs

[10:48] {Threei} they got themselves into such a mess with these stress tests

[10:48] {dino} never should have had them

[10:48] {Threei} of course not

[10:48] {Threei} they are not objective,

[10:48] {Threei} qwhen you get the results, results are arguable

[10:48] {Threei} and what do you do with those results?

[10:49] {Threei} they are open to interpretations

[10:49] {dino} another waste of $

[10:49] {Threei} they add to panic or to elation,

[10:49] {Threei} either can be unfounded in reality

[10:49] {dino} you see no hope of getting the $b from chy=rysler back

[10:49] {Threei} why would you want to add another uncertainty to all those we already have

[10:49] {dino} $4b

[10:49] {dino} i said let them go in late fall

[10:49] {Threei} well, chrysler deal becomes very clear

[10:50] {Threei} taxpayers funded union takeover

[10:50] {dino} bingo

[10:50] {magoo} out SPY .09..+.29 ty vad

[10:51] {magoo} ill look to reload it

[10:51] {dino} gpro stuck, tighten to .23

[10:51] {Threei} me?

[10:51] {Threei} okay... you are welcome

[10:51] {ese} gpro numbers not too bad.hmmmmmm go figure

[10:51] {ese} almost dn 6pts

[10:51] {dino} tree es?

[10:52] {dino} thought the same on gpro

[10:52] {ese} ok

[10:52] {Threei} STRESS TEST RESULTS MAY 7; TO INCLUDE CAPITAL NEEDS FOR EACH BANK AND ESTIMATED LOSSES FOR CERTAIN LOAN CATEGORIES

[10:52] {Threei} - CNBC reports release will be in the "late afternoon" on Thursday.

[10:52] {jfjf64} bravo

[10:52] {ese} tree probably had lousy numbers

[10:52] {nemo} goin' out for a while, c l8tr

[10:52] {Threei} okay, so now we are goling to gues which bank comes out smelling like roses and which like.... ummm

[10:52] {nemo} c u l8tr

[10:52] {dino} beat

[10:52] {Threei} wait

[10:53] {Threei} sell your GE first

[10:53] {dino} tree beat that is

[10:53] {ese} L Gpro .55

[10:54] {ese} sorry thats .58......need glasses

[10:55] {dino} sleep

[10:58] {dptl} cat?

[10:58] {magoo} out ESI .70 +1.70 TY vad

[10:59] {Threei} lol

[10:59] {Threei} go away mags

[10:59] {dino} what!!!!!!!!!!!!!!!!

[10:59] {magoo} oh shit, i think it was dinos

[10:59] {dino} you're buying first round for that magoo

[10:59] {dino} just made you 500

[10:59] {magoo} 500???

[11:00] {magoo} i hads 500 shares

[11:00] {dino} then credit where its due

[11:02] {dawg} .

[11:03] {dino} mant stuck, stop is .99

[11:03] {dino} bgc ranging nemo .35-.80

[11:04] {Threei} PALM 52 week highs

[11:05] {dino} darn schw wanted 17.60s for gap fill

[11:06] {dino} gpro es

[11:07] {dino} stop to .80

[11:07] {dino} out +.30

[11:07] {dino} ty es

[11:09] {Threei} anyone gets this feeling that today is going to resolve in quite sizeable move?

[11:09] {ese} whoaaa i'm asleep just noticed it

[11:09] {ese} was looking at something else

[11:09] {dino} put the porno away

[11:10] {ese} out GPRO

[11:10] {ese} .70

[11:10] {dino} and vad, my feel up 100 then close red. next week down 6%

[11:10] {ese} better than a kick in the pants....holly crap i'm out of it today

[11:12] {dino} who is this holly crap you speak of?

[11:12] {dino} you guys are humorless today

[11:13] {Threei} today?

[11:13] {nemo} back...ah shit...bgc took off without me

[11:13] {nemo} and....ge's been twaddling

[11:15] {jfjf64} uso

[11:15] {dino} life stop to .99

[11:15] {ese} no that was a good one dino.....just too tired to realise the difference

[11:15] {dino} tree nonstop

[11:15] {dino} have to get magoo to take it long so i can short

[11:16] {Threei} alternatively, I can call it long for you

[11:18] {nemo} crissakes tck just goes up everyday

[11:18] {dino} life to .10

[11:19] {dino} out life +.40

[11:20] {Threei} PALM 11

[11:20] {dino} itri sm l .98

[11:20] {nemo} bad day, huh dino, bought life .10 off the bottom

[11:20] {dino} ]huh, was in .70 out .10, +.40; first round -.01

[11:21] {nemo} oh, not as bad, only .05 off the bottom of that run, my mistake...so frickin' lucky :)

[11:22] {dawg} .

[11:23] {dino} gpro retest lod perhaps

[11:24] {dino} slgn pop

[11:28] {nemo} you awake Vad?

[11:29] {jfjf64} wake up

[11:29] {Threei} yes but I question the purpose

[11:30] {nemo} jf, gotta' use capitals

[11:30] {nemo} AOC nose ived now is hanging @ .50-.00

[11:30] {nemo} ived=dived

[11:30] {Threei} either this week was not my type of market or I was out of it... not really delighted with performance

[11:32] {magoo} yea..u suk {as i run again for fear of trout fest}

06[11:32] * nemo slaps magoo around a bit with a large 12 lb. sledge

[11:32] {dino} gpro pretty good fall

[11:32] {Threei} that's OK... I learned it long ago - you are only as good as your last call

[11:33] {nemo} what was...oh yea...ge

[11:33] {magoo} jesus..what i gotta do for a fish???

[11:33] {Threei} forget all the months or years of great stats

[11:33] {magoo} u know i think your best..just cant get a fish from ya

[11:33] {nemo} AOC breaks .50 there's some air under there

[11:33] {Threei} this last stop - that's when magoo comes in swinging {G}

[11:33] {jfjf64} im still in ge

[11:33] {jfjf64} lol

[11:33] {Threei} there is a reason for that mags...

[11:34] {Threei} I am trying to make you miserable

06[11:34] * magoo slaps laserdave around a bit with a large trout

06[11:34] * magoo slaps laserdave around a bit with a large trout

06[11:34] * magoo slaps laserdave around a bit with a large trout

[11:34] {magoo} ITS WORKING

[11:34] {nemo} big volume spike on GPRO a few minutes ago, could be bottoming Dave

[11:34] {nemo} Dino

[11:34] {laserdave} why does magoo always get me before you vad?

[11:35] {laserdave} you is getttings slowwwww

[11:35] {Threei} 'cause right now he is awake and I am not

[11:35] {nemo} Vad never tries to whack you

[11:35] {chinggis} GFIG?

[11:35] {laserdave} he alwasy used to

[11:35] {Threei} but I wouldn't go as far as to say "always"

[11:35] {laserdave} not as much anymore :(

[11:35] {magoo} vad hands out slaps like admin is surcharging him

[11:35] {Threei} I used to trout you withn seconds afdter your entrance

[11:35] {nemo} there goes AOC

[11:36] {Threei} CNBC REPORTS CHRYSLER WILL BE CLOSING 8 PLANTS AND CUTTING ABOUT 6500 JOBS

[11:36] {chinggis} any read on GFIG Vad?

[11:36] {nemo} yeah, but they'll all get 10 years pay as severance

[11:37] {dino} gpro, dk, needs another $ imo

[11:37] {Threei} I wouldn't feel safe trying long on it unless it drops under 5, chinggis

[11:37] {dino} hmmm or not it seems

[11:38] {chinggis} ok ty Vad

[11:40] {dino} nemo, you're getting good at bottoms on capits, gpro i was wrong

[11:40] {nemo} frickin tck, it ain't never gonna' pull back

[11:41] {dino} itri you had yesterday too

[11:41] {nemo} yeah, called the bottom on that, nads too small though

[11:41] {dino} wow mant moves slower than pro chess match

[11:42] {dino} size down and hit them w/wider stop

[11:42] {nemo} Now, If I coul get rid of that Wile E. feeling looking down when I find them :) Reminds me of skiing double diamonds where you look down at the slope between your skis. I was nuts

[11:43] {nemo} I know...nothing's changed

[11:43] {nemo} Just hurts more when I fall now

[11:43] {dino} can't live w/o pain nemo

[11:46] {magoo} who were u partying with last nite nemo?hungover?

[11:46] {pita} nemo - just don

[11:47] {magoo} dino doesnt know pain..try walking without crutches on a completed snapped seperated tib bone for 8 days :)

[11:47] {pita} sorry, just don't fall

[11:47] {pita} that's pain magoo, no question

[11:48] {nemo} Don't ski much any more. Forgot to eat dinner, had my usual dose of liquid medication last night. Not good if I forget to eat

[11:49] {nemo} dino dcc

[11:51] {magoo} sh SPY losss of .50

[11:51] {Threei} MAIN STREET BONDHOLDERS ENDORSES AD HOC COMMITTEE'S RESTRUCTURING PLAN

[11:51] {Threei} - Reminder: On 04/30 07:12 GM: Ad Hoc Committee of General Motors Bondholders Proposes Plan to Save GM - Proposal involves allocating new GM equity equally across the board to union VEBA and GM bondholders, pro rata to the level of financial obligation owed to each by GM. {F F.IT}

[11:52] {dino} nemo, i've lost the dcc

[11:52] {nemo} sent again

[11:52] {dino} on internet site, lost the icons w/updates

[11:53] {nemo} I use mirc

[11:54] {magoo} out spy - .07

[11:54] {magoo} duped me

[11:55] {magoo} SHIT

[11:55] {nemo} Store High In Transit

[11:55] {Threei} janitor phoned

[11:55] {Threei} he is getting irritated

[11:56] {dino} ok saw it, but again, way too tech for me, simple is better

[11:57] {Threei} you know how cockroach managed to survive millions years?

[11:57] {nemo} understood

[11:57] {nemo} I don't know any personally

[11:57] {jfjf64} ms is a monster

[11:57] {nemo} By the way Vad, I saw GPRO do your bollinger band thing

[11:58] {nemo} Then I'm familiar with the candlestick stuff-Yin Yang stuff

[11:58] {dino} itri stop toflat

[11:58] {nemo} What was the comic strip with Opus P. Penguin?

[11:59] {nemo} Bloom county

[11:59] {nemo} Anyway...Opus P. is talking to a cockroach one day

[11:59] {nemo} And the cockroach is telling them how they've been around for millions of years

[11:59] {nemo} How they can survive extremes of hot and cold

[12:00] {nemo} How they can survive desert and monsoon

[12:00] {nemo} How they can survive radiation

[12:00] {nemo} Opus P. looks at him

[12:00] {nemo} and stomps him into oblivion

[12:00] {Threei} F

[12:00] {Threei} REPORTS APRIL VEHICLE SALES -31.4% V -30%E,

[12:01] {Threei} frikin PALM just climbs

[12:02] {vinod} nemo-Flu fear shuts Harvard

[12:03] {nemo} yeah...med student got it

[12:03] {nemo} no shaking hands at graduation

[12:03] {Threei} DRYS...

[12:04] {Threei} does this thing prepare .50 break and run?

[12:04] {vinod} three of its major schools on the Longwood medical campus

[12:04] {dino} anen

[12:04] {pita} Vad, you're the answer man, not the question man.

[12:05] {Threei} not this week pita, lol

[12:05] {larisa} CAT better break this time

[12:05] {dptl} so .50 long?

[12:06] {nemo} lunchtime breakouts on a dead day

[12:06] {Threei} yeah... questionable proposition

[12:07] {Threei} look at CAT break attempt

[12:07] {larisa} real fight at .95 just can not do it

[12:07] {nemo} cat had volume spike on last red, could be a top

[12:08] {nemo} that last green volum spike couldn't maintain any momentum

[12:09] {nemo} that overnight gap in DRYS worries me also

[12:09] {larisa} you worry too much :)

[12:09] {Threei} NIssan REPORTS US APRIL SALES -38% TO 47,200K UNITS

[12:10] {nemo} use another word then...draws my attention?

[12:10] {larisa} :)

[12:10] {nemo} rates low on my bullish scale

[12:10] {nemo} sticks in my craw

[12:11] {dino} lol larisa

[12:11] {ese} dino...do ya think gpro...might be worth another shot

[12:12] {ese} L at .50 or .00

[12:12] {nemo} well, who took DRYS

[12:14] {Threei} if you firmly decide to get on one of these steady climbers, you'd do better with PALM

[12:14] {dino} yes es

[12:14] {dino} report is not bad at all, more like strike messing w/it

[12:16] {jfjf64} cat breaks 37

[12:16] {nemo} wow lunchtime breakouts

[12:16] {nemo} figures

[12:16] {nemo} gpro moving

[12:16] {larisa} best play on CAT was off .80, not breakout. struggling too much

[12:17] {Threei} right

[12:17] {dptl} best one was off .30 :)

[12:18] {nemo} dork

[12:18] {nemo} just got a call from the janitor

[12:20] {larisa} dp became swing ? :)

[12:20] {larisa} .30 is another story

[12:21] {dino} man wall of china on itri at .35

[12:21] {ese} alas poor dork....I knew him well

[12:21] {dptl} ye dp is looking at bottle of brandy right now ,thinking to start weeken early :)

[12:21] {ese} missed .50 dino

[12:22] {dino} you dog dp, i want in

[12:22] {dptl} come over :)

[12:22] {dino} 3 1/2 hrs to go

[12:23] {dino} haven't had a beer since sunday

[12:23] {Threei} great... chrysler creditors president lashed out at are getting named

[12:23] {Threei} next round of witch hunt in the making

[12:23] {dino} there is a "rule of law" isn't there?

[12:24] {Threei} tends to lose in court of popular opinion lately it seems

[12:24] {dino} in yobamas' world i loan you $ but you don't have to pay me back

[12:24] {Threei} Atlas Shrugged

[12:25] {dino} yes

[12:25] {Threei} I mentioned this analogy when the whole thing was just starting... looks more and more like direct quotes from there every day

[12:26] {Threei} look at SQNM flatlining just under .20

[12:26] {Threei} volume all but disappeared

[12:26] {Threei} this one is a candidate for a run closer to eod

[12:27] {Threei} we will have hopefuls for recovery buying for possible for gap... and dp will be drunk

[12:27] {dino} gpro maybe off of .00

[12:28] {Threei} consider buying .20 break and holding for retest of .40 at least

[12:28] {Threei} could take a few tries

[12:28] {Threei} just feels to me there are less sellers left on it than buyers

[12:28] {Threei} washout was very good yesterday

[12:29] {Threei} and the way it exploded today and sustained next stage of the move fits

[12:29] {dptl} where would be stop if it takes .20?

[12:30] {Threei} if sets up from here, under /15

[12:30] {dino} not touching it

[12:30] {Threei} PALM finally decent pullback

[12:30] {Threei} I want to keep stop tight on it dp, in order to be able to try a few times if it makes false start

[12:31] {dptl} ok ty

[12:32] {dino} now i see the reason for the brandy

[12:32] {Threei} lol

[12:32] {dptl} lol

[12:32] {Threei} can't believe it took you so long dino, and can't believe you even neded any reason

[12:33] {Threei} the very existence of good brandy or single malt is the reason in and of itself

[12:33] {dino} sometimes i just expect too much

[12:33] {Threei} we wll tend to overdo things...

[12:33] {dino} lphi

[12:34] {Threei} you expect too much... nemo worries too much... dp drinks too much...

[12:34] {dptl} how much is to much?

06[12:34] * Threei slaps dptl around a bit with a large bottle of 12 years old Glenlivet

[12:35] {Threei} that would too much - if you drank it without me

[12:35] {magoo} what i do too much?

[12:35] {Threei} where do I begin

[12:35] {dptl} :)

[12:36] {Threei} you ARE too much mags

[12:36] {Threei} {Very big grin}

[12:36] {dino} lol

[12:36] {nemo} squnm drop

[12:38] {Threei} PALM

[12:38] {Threei} probably worth a scalp here

[12:38] {Threei} stop under .10

[12:39] {dino} itri to .40

[12:39] {Threei} out .24

[12:39] {magoo} WOW what a pop

[12:39] {Threei} nice and easy

[12:39] {Threei} anyone grabbed it?

[12:39] {Threei} sized pullback, stalled... and market spiked sharply

[12:40] {dino} mant wakes up

[12:40] {Threei} delay PALM gave was window of opportunity

[12:40] {Threei} dead giveaway

[12:40] {Threei} come on, no one went for it??

[12:41] {Threei} why did I wake up to let you know... could trade it in my sleep...

[12:41] {dptl} got disconected ..went for what?

[12:41] {Threei} jeez

[12:41] {dino} out itri +.42

[12:41] {Threei} PALM dp...

[12:41] {pita} "probably" didn't seem like call

[12:41] {Threei} .15 - .17 entry for quick scalp

[12:42] {dptl} sigh

[12:42] {dptl} test test

[12:42] {dino} gpro

[12:42] {dino} you're here dp

[12:43] {dptl} ty

[12:43] {dptl} everything is wrong today....got brandy closer :)

[12:44] {dino} mant to b/e

[12:44] {ese} i'm agreeing with you dp....i'm an absolute screw up today

[12:44] {ese} missed gpro dino.........sigh....absolute screw up

[12:45] {Threei} you guys cause depression in me... by the way you speak, lol

[12:45] {Threei} what l\anguage is that

[12:45] {dino} .oo

[12:45] {dino} and vad, i concur

[12:45] {ese} vad....i'm comin over ...get the psychologists ready

[12:46] {dino} lots of movers boys

[12:46] {nemo} you're a cur?

[12:46] {Threei} ese... no psychologusts... just dp with big bottle

[12:46] {ese} and the couch

[12:46] {ese} i'll take it

[12:46] {dino} mant out flat

[12:46] {Threei} it's as though you expect every day be a winner, every trade to work etc

[12:46] {Threei} yin and yang

[12:46] {nemo} careful

[12:46] {Threei} nothing moves in one direction forever

[12:47] {dino} only .666666666

[12:47] {jfjf64} you drinkin over there

[12:47] {nemo} oh jeez...who let satan in

[12:47] {Threei} recognize in time the cold streak,

[12:47] {Threei} decrease activity,

[12:47] {Threei} minimize damage,

[12:47] {ese} direction????....do you mean there is direction in stocks and market movement

[12:47] {Threei} sit out period of being cucumber

[12:47] {dino} expect to lose, i like to think

[12:47] {ese} well i'll be damned.....

[12:48] {larisa} they say you have to learn to love your stops as much as your winners, then you will be one step closer to professional trader

[12:48] {Threei} recognize the moment when you get back in saddle,

[12:48] {Threei} start pushing harder again

[12:48] {ese} i knew there was something i was missing

[12:48] {Threei} they are right larisa

[12:48] {larisa} lol

[12:48] {ese} gotcha cheif

[12:48] {Threei} be a good loszer in order to be a winner

[12:48] {dino} who are "they"

[12:48] {Threei} loser

[12:48] {Threei} THEY dino...

[12:49] {Threei} you know...

[12:49] {dino} lol

[12:49] {Threei} popwers that be :)

[12:49] {Threei} -p

[12:49] {dino} but you are correct vad.

[12:49] {nemo} those that cannot be named

[12:49] {Threei} yeah, them

[12:49] {dino} good trading is not about being right, it's about trading right

[12:49] {ese} indeed

[12:49] {Threei} those of you who know me for many years... larisa... cosmo... raven...

[12:50] {nemo} frickin tck

[12:50] {Threei} sorry, not listing everyone,

[12:50] {Threei} but the point is:

[12:50] {Threei} how many times did you see me hjaving cold streaks?

[12:50] {dino} and think in probabilities, my hit ratio runs around .666 thats where thats from, so i expect to loseabout 3-5x/day

[12:50] {Threei} days or weeks of no good wins?

[12:51] {Threei} was there any single one of those streaks I wouldn't recover from only to have months of hot run?

[12:51] {ese} nope

[12:51] {Threei} heck, we had unbelieavable winning streak from last August

[12:51] {larisa} I only remember last 1 hour, do not even remember CAT off .30 :)

[12:51] {Threei} lol

[12:51] {Threei} just shrug off these days,

[12:51] {ese} ahhhhh wait a minute there was the time??????......just kidding

[12:52] {Threei} they are normal part of the process

[12:52] {pita} couldn't you tell us early when those days are? please? in advance......

[12:52] {Threei} ummm

[12:52] {Threei} no... sorry

[12:52] {pita} lol

[12:52] {Threei} :)

[12:53] {Threei} don't let these ays become a frustration,

[12:53] {Threei} take them as part of the process,

[12:53] {dino} gpro to .55

[12:53] {Threei} any trader that tells you he doesan't have those is a liar

[12:53] {dino} out +.55

[12:54] {dino} agree

[12:55] {vinod} vd-they these guy gave you hard time all the time?

[12:56] {Threei} of course

[12:56] {Threei} that's part of the process as well

[12:56] {Threei} keep me on my toes

[12:56] {pita} member obligation

[12:56] {Threei} and make me keep my truot unholstered

[12:56] {Threei} ummm... this sounded better in my head...

[12:57] {pita} call janitor

[12:57] {Threei} lol

[12:57] {dptl} lol obama again

[12:57] {Threei} yup

[12:57] {dptl} cnbc

[12:57] {ese} cool move by gpro dino......

[12:58] {vinod} I am going to join union here

[12:58] {Threei} ASQNM trade idea is still alive

[12:58] {Threei} SQNM

[13:00] {dptl} feels like i see president more then my wife

[13:00] {ese} hey......thanks for the day though....wouldn't spend my morning any other way all....I really enjoy your company....take care and have a great weekend

[13:00] {Threei} SENIOR AUTO ANALYST FOR IHS GLOBAL INSIGHTS WOLKONOWICZ BELIEVES CHRYSLER BANKRUPTCY WILL TAKE CLOSER TO SIX MONTHS, RATHER THAN THE 30-60 DAY TIMEFRAME ANNOUNCED BY THE GOVT - TV INTERVIEW

[13:00] {Threei} {F GM}

[13:00] {Threei} you too ese

[13:00] {ese} see ya vad

[13:00] {Threei} wow

[13:00] {Threei} look at this

[13:01] {Threei} REPORTS APRIL US VEHICLE SALES -41.9%

[13:01] {Threei} - March US sales -36%

[13:01] {Threei} guess who

[13:01] {nemo} f

[13:01] {Threei} you'd think it's one these sinneers,

[13:01] {dino} cya es

[13:01] {Threei} those who didn't make cars people wanted,

[13:01] {Threei} built SUVs and trucks,

[13:01] {Threei} ignored gbreen technology,

[13:01] {Threei} spat on fuel economy

[13:02] {Threei} right?

[13:02] {Threei} wrong

[13:02] {Threei} that's Toyota

[13:03] {Threei} Mers:

[13:03] {Threei} REPORTS APRIL US SALES -30.7%, 14,565 UNITS

[13:03] {Threei} - March sales were -17.5% y/y

[13:04] {Threei} F

[13:04] {Threei} APRIL MARKET SHARE FOR RETAIL SALES WAS 'STRONG' - SALES CALL

[13:05] {Threei} anyone planned on using Hydroxycut to lose weight?

[13:05] {Threei} don't

[13:06] {Threei} FDA warning

[13:06] {Threei} associated with liver injuries

[13:06] {nemo} my liver's petrified anyway

[13:06] {nemo} Hell, it causes metal detectors to go off

[13:06] {pita} pickled

[13:10] {dino} lol

[13:11] {Threei} SQNM changes

[13:11] {Threei} maybe bounce on sharp selloff if we get one

[13:11] {dino} winnie the poo maket today

[13:11] {Threei} I would love to see it quickly diving to 3.80

[13:11] {dino} very confusal

[13:11] {jfjf64} very

[13:12] {Threei} CHRYSLER'S BANKRUPTCY FILING DISCLOSES SECURED LENDERS INCLUDE MS, HAL, KFT

[13:12] {Threei} {MS HAL KFT}

[13:12] {Threei} ookkkaaaay...

[13:12] {Threei} I guess MS is next target of the administration

[13:12] {Threei} how dare they be so anti-american'

[13:13] {dino} mant partial fill l .15

[13:16] {jfjf64} ms monster c/h

[13:23] {jfjf64} ya guys sleepin

[13:23] {jfjf64} did i get knocked off server

[13:24] {Threei} no

[13:24] {jfjf64} k

[13:24] {Threei} we are just ignoring you

[13:24] {jfjf64} gettin worried

[13:24] {jfjf64} ty

[13:24] {Threei} usually it's magoo, but today we decided to switch

[13:25] {jfjf64} cat real strong

[13:27] {Threei} prez on TV

[13:27] {dino} apol sm l .60

[13:31] {dino} hod's

[13:33] {dino} gpro

[13:33] {jfjf64} x

[13:34] {dptl} what's the plan for sqnm now ,Vad?

[13:34] {Threei} just wait

[13:35] {Threei} watch PALM drop meanwhile

[13:36] {Threei} bounce should be near

[13:37] {jfjf64} ???

[13:37] {dptl} .30?

[13:38] {dino} aoc, sur

[13:43] {dawg} .

[13:44] {dino} fire

[13:47] {Threei} .30 break PALM

[13:47] {Threei} .24 stop'

[13:47] {magoo} inm

[13:48] {Threei} GM

[13:48] {Threei} REPORTS APRIL VEHICLE SALES -34% V -37%E

[13:50] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[13:51] {jfjf64} still valid

[13:51] {dino} hoft funny company, limited market i guess

[13:51] {Threei} as long as it holds .25

[13:52] {Threei} not anymore

[13:52] {jfjf64} ty

[13:52] {Threei} bounce candidate rather, but no clear idea of price yet

[13:53] {dino} wow no takers hoft=hooker furniture, just popped up

[14:00] {Threei} *FED EXTENDING TALF LOAN TERMS FOR COMMERCIAL MBS TO 5 YEARS FROM 3

[14:04] {dino} apol stopped -.12

[14:11] {wulff} Vad any reason a .26 break of PALM would not be valid setup around 2pm

[14:14] {wulff} except the fact that a short would have been better

[14:14] {Threei} lol

[14:14] {Threei} not really

[14:14] {Threei} could work

[14:14] {dino} stopped mant -.02

[14:15] {Threei} pretty much market dependent

[14:15] {Threei} but bounce from these levels is more interesting play

[14:16] {jfjf64} gm me entry boss

[14:16] {Threei} two ways

[14:16] {Threei} one is just buy and keep very tight stop

[14:16] {Threei} under 11

[14:16] {Threei} let's say buy .04

[14:17] {Threei} another is, wait for it to make couple moves between 11 and 11.05

[14:17] {Threei} then buy break

[14:17] {Threei} in first case, risk of not working is higher

[14:17] {wulff} another is hire someone to do it for you

[14:17] {Threei} in seond, risk of missing the play is higher

[14:20] {Threei} US GOVT: CHRYSLER MUST SEEK APPROVAL OF FIAT DEAL BY JUNE 1

[14:20] {Threei} IMO... Fiat is setting itself u for disaster with this deal

[14:23] {nemo} no volumes today

[14:23] {Threei} on NQ half of yesterday's so far

[14:24] {nemo} DOW 50% NAS 80% S&P 60%

[14:29] {dino} bgc sm s .00

[14:31] {nemo} nice dino

[14:32] {dino} thx

[14:32] {dino} want .65ish

[14:33] {dino} hmmm

[14:33] {nemo} yeah

[14:34] {Threei} let's do a quick dive, market... so we finally get some excitiment back

[14:40] {dino} stop to .70

[14:40] {dino} bstop that is

[14:41] {dino} stopped/covered +.30

[14:41] {nemo} lucky

[14:41] {nemo} again

[14:41] {nemo} and again

[14:41] {nemo} and again

[14:41] {nemo} :)

[14:42] {dino} nemo, you see my entries, you can play too

[14:42] {nemo} I understand

[14:42] {nemo} I was just hopping on your comment yesterday about how you're so lucky :)

[14:43] {dino} profits are luck, losses are skill

[14:43] {dino} apol interesting

[14:43] {larisa} :)

[14:44] {nemo} that's neat actually

[14:44] {nemo} So, Vad, market somnolently slip into the weekend?

[14:45] {Threei} how?

[14:45] {Threei} somnolently?

[14:45] {Threei} use short words when talking tome, will ya?

[14:45] {nemo} sleepily

[14:46] {Threei} ahhh... ty, hated the idea of reaching for dictionary

[14:46] {nemo} apol had 3 big spikes, might be bottoming

[14:46] {Threei} I don't feel so... have this nagging feeling, fireworks are coming

[14:46] {Threei} SEC"S SHAPIRO: REGISTRATION OF HEDGE FUNDS IS NOT ENOUGH; MUST ALSO REGULATE

[14:46] {Threei} yeah

[14:46] {nemo} I feel short side, so it'll probably be bull..

[14:47] {Threei} told ya witch hunt starts

[14:47] {Threei} GM EXEC: AUTO SALES HAVE FOUND BOTTOM - SALES CALL Q&A

[14:47] {dino} lol

[14:48] {Threei} let's regulate

[14:48] {dino} next they will say no shorting by nonregulated people

[14:48] {Threei} who is it, breathing in the corner unregulated?

[14:48] {Threei} no one really knows how frequently he inhales

[14:48] {Threei} how long keeps the air in

[14:49] {nemo} we'll have to buy carbon credits for breathing

[14:49] {Threei} what the ratio og inhale to exhale time is

[14:49] {dptl} palm .90 long?

[14:49] {Threei} stop this unregulated breathing this moment

[14:49] {Threei} 50/50 dp

[14:49] {pita} adios everyone, have a good weekend

[14:50] {nemo} vaya con Dios pita

[14:50] {Threei} if makes one more move to .85 and back, better odds

[14:50] {Threei} take care pita

[14:50] {dino} cya pita

[14:50] {fernp} good weekend pita

[14:50] {dino} go w/the gods? nemo

[14:50] {Threei} watch market now

[14:50] {dptl} there,it did

[14:51] {nemo} go with God

[14:51] {Threei} if spikes, PALM becomes a play on .90 break

[14:51] {dino} ahhh

[14:51] {nemo} very catholic

[14:51] {nemo} I'm more of a burn in the pit of hell kinda' guy

[14:52] {nemo} but, I was trying to be courteous

[14:52] {Threei} no unregulated fires, nemo

[14:52] {Threei} those are fire hazard

[14:52] {dino} watching apol, mant, pnra, mgln, bgc, gpro

[14:52] {nemo} I'll have to get a hazardous waste permit for my toe jam

[14:52] {Threei} CHRYSLER LLC US SALES -48% TO 76,682

[14:52] {Threei} - Vice Chairman: "The industry appears to have stabilized, as it''s been fairly level for the past four months," "We know where the bottom is, and as the economy struggles to recover, vehicle sales should follow."

[14:53] {Threei} follow to struggle?

[14:55] {nemo} in palm

[14:55] {dptl} in .91

[14:56] {Threei} I don't see much help from market

[14:56] {Threei} let's hope PALM holds its own while market gathers strength

[14:56] {Threei} it sure dropped far enough from the top

[14:59] {nemo} fit out

[14:59] {dptl} i out .91

[15:00] {nemo} out +.03 wow

[15:00] {dino} mant l .00

[15:03] {dptl} gonna stop here(should be stoped for the day anyway)...have a good weekend all :)

[15:04] {dino} take care dp, enjoy the brandy

[15:04] {Threei} take care dp

[15:04] {larisa} will take APOL at .50 break stop under .40

[15:04] {nemo} was thinking that myself

[15:05] {dino} apol sm l .50

[15:05] {nemo} that you @ .51 larisa

[15:05] {Threei} hey!!!

[15:05] {Threei} Prez on TV!!

[15:05] {nemo} what

[15:05] {nemo} yea figured that as soon as you said it

[15:05] {larisa} basing for too long though, careful here

[15:06] {nemo} "based" on what?

[15:06] {larisa} I like strong bounces nemo

[15:07] {nemo} nevermind

[15:08] {nemo} DB here larisa?

[15:09] {larisa} not really :)

[15:09] {nemo} I was trying to be optimistic

[15:09] {larisa} lol

[15:10] {nemo} never works for me...maybe that's why I see shorts pretty well

[15:10] {dino} out mant .12, +.12

[15:11] {dino} apol stop is .19 fwiw, toughie

[15:11] {larisa} I got out on new low, good luck dino

[15:12] {dino} ironically my original bid was .20

[15:12] {larisa} fooled me with base at 40

[15:12] {dino} hard stop no worries larisa

[15:14] {dino} bets on pnra filling wed gap around 55.40

[15:14] {vinod} no one has interest in FAZ SRS ?

[15:14] {Threei} yes but don't want to chase

[15:14] {nemo} vinod's babies

[15:15] {Threei} it spiked vertically from under .50

[15:15] {vinod} i got FAZ at 8.55

[15:16] {vinod} my stop is 8.55 now

[15:18] {dino} gj

[15:23] {dino} well so far as planned up about 100 then red

[15:24] {nemo} Aby joseph Cohen: http://www.bloomberg.com/apps/news?pid=20601087&sid=aDBS5SWr2iDE

[15:24] {nemo} she's never been right

[15:28] {larisa} I want happy closing :)

[15:28] {nemo} if you're short, I think it'll be happy

[15:29] {larisa} i am 5'10"

[15:29] {nemo} short the market

[15:29] {dino} she's got legs

[15:30] {larisa} no, it is all neck

[15:30] {Threei} sigh

[15:30] {Threei} poor janitor

[15:30] {dino} lol

[15:30] {nemo} I had a girlfriend that was 6' and I'm 5'6" I was the perfect height

[15:34] {dino} feels like a summer friday

[15:35] {Threei} very much so

[15:37] {dino} sm l itri .60

[15:45] {Threei} nothing dramatic

[15:45] {vinod} still hanging in there with FAZ

[15:46] {Threei} unless last 15 minutes turn whimper into bang

[15:48] {Threei} NQ 20 points range for the whole day

[15:48] {dino} apol to flat

[15:49] {dino} stopped apol 0

[15:49] {larisa} too stubborn sellers

[15:50] {larisa} I think we need to regulate APOL sellers

[15:50] {dino} tough one today, watch it go up 2 bucks mon.

[15:52] {Threei} SQNM will be a player on Mon againb I'd think

[15:53] {larisa} vad, your best week ever will start monday :)

[15:53] {larisa} my wish to you, no pressure :)

[15:53] {nemo} somnolently slipping into the weekend :)

[15:53] {Threei} wow... I can sleep whole next week??

[15:53] {Threei} thank you!!

[15:53] {larisa} lol

[15:53] {vinod} got out 8.70 have a nice weekend

[15:53] {Threei} take care vinod

[15:53] {Threei} have a good one

[15:54] {dino} cya vinod

[15:56] {fernp} have a nice weekend everybody. see you on monday

[15:56] {larisa} later all :)

[15:57] {nemo} Stick a fork in me

[15:58] {Threei} thank you all, have a good weekend

[15:58] {Threei} see you on Monday

[15:58] {nemo} peace & quiet

[15:58] {wulff} LOVELY DAY

[15:58] {nemo} go chew on a stick wulff

[15:58] {nemo} :)

[15:59] {wulff} (sarcasm)

[15:59] {nemo} nah...not me

[15:59] {nemo} I'm all sunshine and happiness

[15:59] {dino} out itri .70, +.10

[16:00] {dino} magoo a brew please

Apr 30 2009

Mostly scalping day but profits are profits - big gap days are often like this. One of interesting plays was on unlikely stock: URRE. Usual suspects become boring over time, so it was nice to play in a new sandbox.

Session Time: Thu Apr 30 00:00:00 2009

[08:04] {magoo} morning

[08:05] {Threei}  Good morning

[08:05] {Threei}  SQNM

[08:05] {Threei}  holy smokes

[08:06] {magoo} WOW

[08:06] {Threei}  04/29/09 04:40pm

[08:06] {Threei}  [SQNM] Sequenom, Inc Reports Q1 -$0.29 v -$0.23e, R $8.7M v $11.1Me

[08:06] {Threei}  - Guides FY09 Rev $32M-$35M v $55Me

[08:06] {Threei}  and of course bunch of downgrades

[08:07] {magoo} bouncer somewhere vad

[08:07] {magoo} maybe at zero

[08:09] {Threei}  what a punishment

[08:09] {magoo} vad..fslr reported last nite..u have it?

[08:09] {Threei}  04/29/09 04:38pm

[08:09] {Threei}  [FSLR] First Solar Inc. Reiterates prior FY09 guidance - conf call slides

[08:09] {Threei}  - Reiterates FY09 sales guidance $1.9B-$2.0B v $1.87Be, and margins of 31%-33%

[08:09] {Threei}  - Follow up 16:49pmET: CEO reaffirms 10%-15% of planned 2009 shipments at risk of default - conf call

[08:10] {magoo} jesus though..a 15 dollar stock to 2??

[08:10] {Threei}  try 3 brwak with stop under 2.90

[08:11] {nemo} fslr cleaned up

[08:12] {Threei}  MGM nice gap

[08:12] {Threei}  LVS is trying to catch up

[08:13] {magoo} news AMZN?

[08:14] {Threei}  no

[08:14] {Threei}  wow... SQNM didn't even try to bounce

[08:16] {cosmo} 2.50 looks solid?    hehe

[08:16] {Threei}  sure.. unless it breaks

[08:16] {nemo} it all works until it doesn't

[08:17] {magoo} and its all fun and games until someone loses an eye :)

[08:17] {Threei}  or breaks an ankle

[08:17] {magoo} ROFLOL

[08:17] {nemo} nephew has a great shirt:  "It's all fun and games until the flying monkeys attack"

[08:18] {Threei}  lol

[08:18] {nemo} "wanna' play ball scarecrow!"

[08:18] {nemo} ohoh

[08:19] {cosmo} poppies will make them sleep

[08:20] {nemo} ohoh

[08:20] {Threei}  number of downgrades on SQNM becomes ridiculous

[08:20] {Threei}  every second headline

[08:20] {nemo} rats from a sinking ship

[08:20] {magoo} really at 3 bux should be strong buy

[08:21] {magoo} ate huge offer 06

[08:22] {Threei}  there are more where that came from

[08:23] {magoo} big at 3

[08:27] {nemo} who's playing sqnm?

[08:29] {magoo} i have a lil at 2.95

[08:29] {nemo} Where's ese?  He'd have 20000 of the little buggers

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 631K V 640KE; CONTINUING CLAIMS: 6.271M V 6.200ME

[08:30] {Threei}  - Prior jobless claims revised from 640K to 645K

[08:30] {Threei}  - Prior Continuing Claims revised from 6.137M to 6.138M

[08:30] {Threei}  MAR PERSONAL INCOME: -0.3% V -0.2%E; PERSONAL SPENDING: -0.2% V -0.1%E

[08:30] {Threei}  - Prior Personal Spending revised from 0.2% to 0.4%

[08:31] {Threei}  Q1 EMPLOYMENT COST INDEX: 0.3% V 0.5%E

[08:31] {Threei}  MAR PCE CORE M/M: 0.2% V 0.1%E; PCE CORE Y/Y: 1.8% V 1.8%E; PCE DEFLATOR Y/Y: 0.7% V 0.7%E

[08:32] {jfjf64} mornin

[08:33] {Threei}  jf :)

[08:37] {Threei}  WHITE HOUSE: CHRYSLER WILL PROCEED WITH CHAPTER 11 FILING

[08:40] {magoo} shoot..missed LVS

[08:40] {Threei}  me too

[08:40] {magoo} u take vads?

[08:41] {Threei}  waited for pullback that never came

[08:43] {Threei}  SQNM honestly trying

[08:45] {Threei}  F over 5.50 resistance

[08:46] {dptl} good morning all

[08:46] {Threei}  dp :)

[08:49] {Threei}  taking any off the table magoo?

[08:50] {magoo} soon

[08:50] {magoo} wont lose on it

[08:50] {magoo} but maybe its a pointer

[08:50] {magoo} LVS pullbk enough vad

[08:51] {Threei}  a bit more would make me happier

[08:53] {ese} good morning

[08:53] {Threei}  ese :)

[08:53] {magoo} ese:)

[08:53] {vinod} good morning

[08:53] {nemo} dude :)

[08:53] {Threei}  vinod :)

[08:54] {nemo} vinod :)

[08:54] {vinod} first time i am watching you guys on pre marke

[08:54] {nemo} sqnm still running

[08:54] {Threei}  mags... take half off

[08:54] {Threei}  don't be a pig

[08:54] {ese} rally continues ehh

[08:54] {nemo} oink oink

[08:54] {Threei}  they get flu

[08:54] {vinod} got sgnm at 2.95

[08:54] {nemo} good one

[08:55] {Threei}  half out vinod, at least

[08:55] {vinod} 0ut 3.40 ony 500

[08:55] {Threei}  good job

[08:56] {vinod} i learn something new today

[08:56] {Threei}  LVS

[08:56] {Threei}  just a tad more please

[08:57] {nemo} nice call on sqnm vad

[08:58] {dptl} where are you thinking lvs?

[08:59] {Threei}  maybe under 9 if we get lucky

[08:59] {Threei}  8.80 if we get very lucky

[08:59] {dptl} i see

[09:00] {Threei}  (RU) RUSSIAN NATO ENVOY: RESPONSE TO EXPULSION OF DIPLOMATS WILL BE HARSH AND DECISIVE

[09:00] {Threei}  what did I miss?

[09:01] {fernp} Hello everybody

[09:01] {Threei}  fern :)

[09:01] {Threei}  who expelled whose dimplomats?

[09:02] {Threei}  keep an eye opn ABAT guys

[09:02] {Threei}  this one may bet some traction

[09:02] {ese} fern

06[09:04] * Threei slaps magoo around a bit with a large bootle of AntiGreedin

[09:06] {wulff} LVS

[09:06] {Threei}  took half at 9

[09:06] {Threei}  with idea to add another half if drops more

[09:12] {pita} ola everyone

[09:12] {nemo} que tal?

[09:13] {wulff} took .05

[09:13] {Threei}  pita :)

[09:14] {pita} bien?

[09:14] {fernp} ola = sea wave and hola = hello :)

[09:15] {pita} hola, gracias

[09:15] {fernp} de nada

[09:16] {dptl} where is your stop Vad lvs?

[09:16] {Threei}  [09:06] {Threei} took half at 9

[09:16] {Threei}  [09:06] {Threei} with idea to add another half if drops more

[09:16] {Threei}  I am looking for entry point for another half, not stop

[09:16] {pita} trading in the pre mkt?

[09:17] {Threei}  SQNM and LVS, pita

[09:18] {pita} wrong day to sleep in...

[09:18] {wulff} never touched .80

[09:18] {dino} gm all

[09:18] {Threei}  dino :)

[09:19] {Threei}  SQNM retreat

[09:20] {ese} wow just looked at that.......-11.75.....thats a hair cut

[09:21] {nemo} haircut...I think they started at the throat...

[09:21] {ese} what do they do?

[09:22] {ese} sqnm that is

[09:22] {Threei}  they drop

[09:22] {ese} ha ha .....ha ha

[09:23] {Threei}  genetic analysis products that translate genomic science into superior solutions for biomedical research, agricultural applications, molecular medicine and non-invasive prenatal diagnostics research, and potentially, clinical utility.

[09:24] {Threei}  (US) WHITE HOUSE AIDE: CHRYSLER BANKRUPTCY TO LAST "ONE OR TWO MONTHS"

[09:26] {ese} tks vad.........ever thought about a comedy act?

[09:27] {Threei}  yeah

[09:27] {ese} i'll be the straight guy..........you the one liners.......we could be big

[09:27] {Threei}  seinfield wasn't scared

[09:27] {ese} hmmmmmm

[09:29] {dino} downs' syndrum test claimed near 100% accuracy, now saying deata not reliable

[09:30] {dino} spelling errors

[09:30] {nemo} lab workers were stoned

[09:33] {Threei} Long Setup:  URRE  .45 break if stays above .35

[09:33] {dino} gmcr

[09:34] {jfjf64} stop

[09:36] {Threei} Long Setup:  LVS  .40 break

[09:37] {Threei}  under .30, invalidated

[09:37] {nemo} bummer

[09:37] {fernp} too fast

[09:37] {Threei}  too fast anyway

[09:37] {nemo} and invalidated

[09:39] {dptl} in urre

[09:39] {nemo} in urre

[09:39] {nemo} partial

[09:40] {dino} hmmm cyber no gmcr

[09:41] {dptl} half out ty

[09:41] {Threei}  half out URRE

[09:41] {magoo} out .84 TY vad

[09:42] {nemo} out urre ty

[09:42] {dptl} more out .65

[09:43] {ese} nice one boys

[09:45] {magoo} u still in LVS vad?

[09:45] {Threei}  no

[09:45] {magoo} me out too

[09:47] {nemo} you're outed mags?

[09:47] {nemo} whoa

06[09:47] * magoo slaps nemo around a bit with a large trout

[09:47] {nemo} hehehehehe

[09:48] {magoo} no laughing, cant focus:)

[09:48] {nemo} I'm sick, can't focus anyway

[09:50] {magoo} GMCR nuts

[09:53] {Threei}  DNDN bottomless

[09:53] {nemo} was just looking at that

[09:53] {dino} mgln

[09:56] {dino} not participating, t, vz, wmt, schw,gld

[09:58] {Threei} Long Setup:  EBAY  .95 if stays above .80

[09:59] {nemo} in

[09:59] {dptl} in

[10:00] {magoo} in

[10:00] {fernp} in

[10:00] {pita} finally caught one - EBAY

[10:01] {Threei}  (US) WHITE HOUSE ECON ADV ROMER: EXPECTS US ECONOMY TO PICK UP IN H2

[10:01] {ese} H2 ?

[10:01] {ese} or Q2?

[10:02] {_ryanagler} new here -- can you explain the ".95 if stays above .80".  when that was posted, ebay was at 16.95.  Does that mean buy at 16.95 and set your stop at 16.80?

[10:03] {nemo} I always wondered what vad meant???

[10:03] {Threei}  yes, but it was .93 wheh it was posted

[10:03] {dino} mant

[10:03] {Threei}  it also means that if it loses .80 before triggering, play is invalidated

[10:06] {Threei}  US GOVT TO REPORTEDLY ASK CHRYSLER CEO NARDELLI TO REMAIN WITH COMAPNY DURING THE TRANSITION

[10:08] {_ryanagler} thanks.  when i looked at the quote it must have just moved to .95.  so, in that setup, if it had remained at .93 for awhile longer, you are recommending to wait for .95 or to get in anywhere between .80 and .95?

[10:08] {Threei}  that depends on your level of aggressiveness

[10:09] {Threei}  look up blog article titled

[10:09] {fernp} stop below .90 for ebay?

[10:09] {Threei}  How agressive are you

[10:09] {Threei}  yeah, makes sense fern

[10:10] {Threei}  http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html

[10:11] {Threei}  let's take half off here EBAY

[10:12] {Threei}  stop for second half URRE to under .60

[10:12] {Threei}  .50, sorry

[10:12] {pita} what did you see to sell half at this level?  Declining volume?

[10:13] {Threei}  NASDAQ stalles at resistance and is likely to pull back

[10:13] {Threei}  I don't want to run into situation where EBAY overreacts

[10:13] {Threei}  and shakes us out

[10:14] {Threei}  which is exatly what it does as we speak

[10:14] {pita} ah ty - looks like that is happening

[10:14] {nemo} out ebay

[10:14] {Threei}  out breakeven second half

[10:14] {Threei}  a bit disappointing

[10:14] {nemo} no lost

[10:14] {Threei}  such break on daily deserved more attention

[10:15] {pita} me too

[10:15] {pita} reenter if holds .80?

[10:15] {dino} ]psys, mant, mgln, isys, aiz

[10:15] {dptl} out too....ebay

[10:16] {Threei}  I won't pita

[10:16] {pita} k ty

[10:18] {dptl} whats with cat?

[10:18] {nemo} announced rebounding business yesterday

[10:19] {pita} cat = china growth

[10:19] {dptl} ok ty

[10:19] {dino} sm l mgln .60

[10:26] {Threei} Long Setup:  RIMM  69 break

[10:26] {Threei}  stop under .85

[10:26] {nemo} amn

[10:26] {nemo} damn

[10:26] {Threei}  let it pull back

[10:27] {Threei}  wait for resumed strength now

[10:27] {nemo} oops in

[10:29] {nemo} got out

[10:29] {Threei}  hmm?

[10:29] {Threei}  that's one weird trading :)

[10:30] {nemo} well, sounds like I jumped the gun, so bad entry 

[10:30] {nemo} therefore, being able to get out whole I consider luck

[10:30] {dptl} in 69

[10:31] {nemo} stop on RIMM?

[10:32] {Threei}  stop to under .90

[10:32] {dino} double bottom mant?, sm l mant .30 risky

[10:32] {Threei}  URRE stop to under .55

[10:34] {dptl} stopped rimm -.14

[10:34] {dino} stopped mant -.32

[10:34] {dino} f'ing rinse

[10:36] {magoo} l aapl off .50

[10:36] {magoo} stop .19 hl

[10:36] {dptl} ah rimm shakeout

[10:36] {magoo} .90 area looking for

[10:36] {jfjf64} yup

[10:36] {Threei} Long Setup:  FAS  .85 break if stays above .80

[10:37] {Threei} Long Setup:  WFC  .40 break

[10:40] {nemo} wfc invalidated?

[10:41] {Threei}  yeah

[10:41] {Threei}  turns into bounce candidate

[10:41] {Threei}  from under .20 most likely

[10:42] {_ryanagler} long might be tough into 888 s&p resistance

[10:43] {dino} mant sm l .35, last try

[10:46] {magoo} aapl stiopped

[10:48] {dino} psys s .01

[10:49] {chinggis} BAC?

[10:50] {Threei} Short Setup: DNDN  .85 half lot

[10:50] {Threei}  if stays below 21

[10:50] {magoo} OY

[10:50] {nemo} good for you guys, I magoo it and you make a call.

[10:50] {Threei}  see that big UBSS bid at .85?

[10:51] {Threei}  that's youer indication

[10:51] {dptl} in

[10:51] {nemo} too fast

[10:51] {magoo} missed dammit

[10:52] {jfjf64} cant  short    schwab   crazy

[10:52] {Threei}  I don't see any play on BAC chinggis

[10:52] {magoo} call chuck

[10:52] {nemo} hehehehe

[10:52] {jfjf64} lol

[10:52] {nemo} chuck you farley

[10:52] {Threei}  (US) WHITE HOUSE ADVISOR ROMER: REITERATES THAT UNEMPLOYMENT IS SEEN RISING OVER THE COMING MONTHS -CONG TESTIMONY

[10:52] {chinggis} ok ty

[10:54] {jfjf64} fas??

[10:54] {dptl} out urre

[10:55] {dino} pnra wants gap filled, imo

[10:55] {magoo} i like AAPl as clkose to .50 u can get long

[10:55] {magoo} 127 in the cards if IF mkt resiumes

[10:56] {magoo} i am in

[10:56] {dino} mgln stop to .91

[10:57] {dino} to .05

[10:58] {dino} out mgln .05, +.45

[10:59] {dino} psys bstop is .12 fwiw

[10:59] {nemo} what you short it at?

[10:59] {nemo} Dino

[11:01] {dino} .01

[11:01] {dptl} covered some .70 dndn

[11:01] {Threei}  covering half DNDN .60

06[11:01] * magoo slaps Threei around a bit with a large trout

[11:02] {magoo} supplement in there "large roll of cash" lol

[11:02] {Threei}  just no shaking out now DNDN, okay?

[11:03] {Threei}  break .50 and give us a buck

[11:03] {dptl} same stop?

[11:03] {Threei}  matter of taste really

[11:03] {Threei}  can move to above .90 if that matters

[11:04] {dptl} ok ty

[11:05] {dino} psys stopped -.11

[11:05] {dino} pnra hmmm, perhaps the gap waitsa

[11:06] {magoo} out aapl

[11:06] {nemo} "waitsa"?

[11:06] {nemo} solid NAS volume today...anybody know why?

[11:07] {dino} typo

[11:08] {nemo} dino, reenter psys if it breaks 19?

[11:10] {Threei}  die already DNDN

[11:10] {magoo} funny how such a wild animal one day

[11:10] {magoo} next pussycat

[11:11] {dino} should work, but its a toughie. maybe better short towards hod

[11:13] {Threei}  RIMM, that was rude

[11:13] {dino} cymi

[11:14] {jfjf64} y

[11:14] {Threei}  hate these big gap - slow climb days

[11:14] {dino} me too

[11:15] {Threei}  first you can't tell continuation from reversal, so you wait for pullback

[11:15] {nemo} yeah might as well go fishing...reminds me

[11:15] {Threei}  pullback never comes

06[11:15] * nemo slaps Alert around a bit with a large trout

06[11:15] * nemo slaps Threei around a bit with a large trout

[11:15] {nemo} better

[11:15] {Threei}  then you run into long stall

[11:15] {nemo} oh and magoo...

[11:15] {Threei}  where longs don't work,

[11:15] {Threei}  neither do shorts

06[11:15] * nemo slaps magoo around a bit with a large venison back straps

[11:16] {jfjf64} that cd be prob

[11:21] {dptl} out dndn

[11:21] {Threei}  yeah

[11:22] {pita} LVS filled gap -  now what?

[11:24] {Threei}  it didn't

[11:25] {Threei}  7.70 is yest close

[11:25] {pita} from yest high

[11:26] {Threei}  hihg 7.99

[11:27] {pita} my 5 day says 8.20?

[11:27] {dino} bare

[11:27] {pita} oh that's after mkt

[11:33] {dino} cymi s sm .53

[11:35] {Threei}  (US) WHITE HOUSE ADVISOR ROMER:

[11:35] {Threei}  - "Incredible uncertainty' surround the cost of fixing the financial system

[11:35] {Threei}  - States that IMF is unlikely to have accurate estimates on true costs for the 'clean up' of the US financial system

[11:35] {Threei}  - Reminder: On 4/29 -White House's Romer: Believes Q1 GDP may have a "silver lining" in higher consumer spending and lower inventories - TV interview

[11:35] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[11:35] {Threei}  - Reiterates that there are limited signs that financial markets are loosening up somewhat.

[11:36] {Threei}  STATEMENT FROM NON-TARP LENDERS TO CHRYSLER; SAYS OFFERS TO CO. HAVE BEEN REJECTED OR IGNORED

[11:36] {Threei}  - Lending group comments that it is continuing talks with US Treasury

[11:36] {Threei}  - Offered to take 40% haircut

[11:39] {dino} dealing w/govt=dealing w/devil it seems

[11:40] {Threei}  heh

[11:40] {Threei}  white house statement says lenders failed to act in their own interests and in national interests

[11:40] {Threei}  how about that?

[11:41] {magoo} national interests

[11:41] {magoo} nazi germany

[11:41] {Threei}  wagging finger

[11:41] {magoo} huh?

[11:46] {Threei}  don't you find it incredibly patronizing to tell them what their best interests are?

[11:46] {nemo} I liked that one best

[11:46] {Threei}  IMF: IMPACT ON CERTAIN COUNTRIES FROM THE SWINE FLU OUTBREAK MAY BE QUITE 'DRAMATIC'

[11:48] {Threei}  CDC official on CNN... "we are twitting... I've never twitted before"

[11:49] {Threei}  I am getting old...

[11:49] {Threei}  it irritates me to no end, lol

[11:49] {Threei}  ity's acting CDC director

[11:50] {Threei}  apparently can't wait to finish press-conference and go twit

[11:50] {cosmo} twit?

[11:50] {Threei}  you are old too cosmo

[11:51] {Threei}  you don't twit

[11:51] {cosmo} very

[11:51] {cosmo} oh

[11:51] {vinod} outbreak of swine flu panic

[11:51] {nemo} sqnm vad

[11:51] {dptl} short wfc agresive .23 stop above .30

[11:52] {Threei}  lol vinod

[11:53] {Raven} chirp

[11:53] {nemo} ravens chirp?

[11:53] {Threei}  wow... CDC: Mexico lab is able to make diagnosis now

[11:53] {Raven} today they do

[11:53] {Threei}  nemo... one thing is for sure

[11:53] {Threei}  Ravens do NOT twit

[11:53] {Raven} I hate twits

[11:53] {vinod} good excuse to stay home

[11:54] {vinod} i should tell my bos i am feeling swan

[11:54] {Threei}  ahha

[11:54] {Threei}  CNN corrected him

[11:54] {cosmo} is it dangerous while driving?

[11:54] {Threei}  it's not twitted, it's tweeted

[11:54] {cosmo} ...twitting?

[11:55] {Threei}  now I know too, along with acting director of CDC

[11:55] {Raven} how absurd

[11:55] {dino} wow, the tangents you guys take lately, lol

[11:56] {Raven} cosines?

[11:56] {Threei}  I am telling you... 5 years more, I won't understand half of what they say

[11:56] {Threei}  (of course I don't understand about 47% as of now)

[11:56] {dino} mgln approaches lod, life, psys towards hod

[11:56] {fernp} How many days without smoking, Vad?

[11:56] {nemo} wait til we go to derivatives Dino

[11:57] {nemo} without smoking what?

[11:57] {fernp} lol

[11:57] {Threei}  6 weeks, fern

[11:57] {fernp} WTG

[11:57] {Threei}  ty

[11:57] {Threei}  no craving either

[11:58] {Threei}  clean break

[11:58] {Threei}  after 30 years of smoking

[11:58] {dptl} sigh...stopped wfc

[11:58] {dptl} -.07

[11:58] {dino} congrats vad

[11:58] {Threei}  ty

[11:58] {Raven} after 30 years you're doomed anyway

[11:58] {fernp} yes, congrats

[11:58] {Threei}  of course I am... smoking or no smoking

[11:59] {Raven} just trying to be the optimist

[11:59] {Threei}  but for different reasons

[11:59] {nemo} only sure thing in life

[11:59] {vinod} congrat for giving up smoking

[11:59] {Threei}  maybe .80 break on SQNM worth a short

[12:00] {Threei}  ty vinod

[12:00] {vinod} 20 year ago my wife was going to leave unless i quite

[12:00] {Threei}  you are single since then right?

[12:01] {vinod} no i quite in hurry

[12:01] {Threei}  wow

[12:01] {nemo} stuff croaked my mother...rotten painful way to go

[12:01] {Threei}  I'd leave her just because I wouldn't accept ultimatum :)

[12:02] {vinod} accept all when you are in love

[12:02] {dptl} in sqnm

[12:02] {Threei}  REPORTEDLY US OFFICIALS ARE LEANING TO DISCLOSING INDIVIDUAL BANK STRESS TEST RESULTS NEXT WEEK

[12:03] {Threei}  PRESIDENT OBAMA: CHRYSLER TO FILE FOR BANKRUPTCY IN NEW YORK, FIAT TO TAKE 20% STAKE IN REORGANIZED COMPANY

[12:03] {Threei}  - GMAC to be financing arm for new Chrysler cars

[12:03] {Threei}  - US Treasury to have 8% equity stake in new Chrysler; Govt of Canada and Ontario to have 2% stake

[12:03] {Threei}  - White House confirms sees a 'surgical' bankruptcy to last approx 30-60 days

[12:03] {Threei}  - Chrysler network of US dealers are part of bankruptcy{GM F F.IT USD/CAD EWC}

[12:04] {dptl} stop .94

[12:04] {dptl} ?

[12:04] {Threei}  I prefer .91

[12:04] {dptl} ok ty

[12:06] {nemo} what quoth the Raven today?

[12:07] {Raven} Neverenough ?

[12:07] {dino} cymi bstop to .23

[12:08] {Threei}  Prez on TV

[12:09] {Threei}  PRESIDENT OBAMA: REORGANIZATION WILL GIVE CHRYSLER A "NEW LEASE ON LIFE"

[12:11] {dino} life s sm .86, stop hod

[12:11] {Threei} Short Setup: CAT  36 breakdown

[12:12] {magoo} independent of mkt?

[12:12] {dino} mant waking up

[12:13] {Threei}  why independent?

[12:13] {Threei}  mostly moves in unison

[12:14] {magoo} i mean mkts upticking

[12:14] {nemo} PSYS DINO

[12:14] {Threei}  which means CAQT is not likely to trigger

[12:14] {magoo} dont like to short in uptrend

[12:14] {magoo} unlessstox independent

[12:14] {magoo} hey, theres that word again

[12:14] {Threei}  if stays close enough to thwe trigger level, should trigger when market reverses

[12:14] {dino} schw big gap around 17.60 from tues.

[12:15] {dino} cymi to .13

[12:15] {dino} cov +.40

[12:15] {Threei}  - Believes the arrangement with Fiat will save 30K jobs.

[12:15] {Threei}  - Deal involves transfer of Fiat's 'cutting edge' technology to Chrysler.

[12:16] {Threei}  - bankruptsy is not a sign of the weakness

[12:16] {Threei}  hmmm

[12:16] {Threei}  this one is my favorite I think

[12:17] {Threei}  - small group of speculators endangers Chrysler future by refusing to make sacrifice like everyone else

[12:17] {Threei}  no... this one is better

[12:18] {dino} no mention of union concessions

[12:18] {vinod} Creditors have decided that cash is more important than the future of the American car industry

[12:18] {nemo} what future?

[12:18] {Threei}  UAW had 55% stake under the proposed deal

[12:18] {Threei}  creditors said no way

[12:19] {Threei}  also, all projections show that Chrysler if survives can count on 5% market share

[12:19] {Threei}  that's less that Kia ot Hundai

[12:19] {Threei}  creditors are quite right to walk away

[12:20] {Threei}  CAT invalidated

[12:20] {Threei}  - Notes disappointment with hedgefund bondholders, who were holding out for a better deal.

[12:20] {Threei}  - says Chrysler Finance would have needed an unacceptable amount of govt support, thus new Chrysler financing will be provided by GMAC

[12:21] {patience} why does it think i'm away vad

[12:22] {Threei}  what does?

[12:22] {patience} the little line that says patience is away

[12:22] {Threei}  you must have set it somewhere

[12:22] {patience} ty

[12:22] {Threei}  in mirc, go to:

[12:23] {cosmo} Solution for auto companies:  They are 'shovel ready' to make rail cars, rails, and MagLev systems.... they had to make tanks during the war...remember?

[12:23] {Threei}  Commands - Set Away

[12:23] {Threei}  make sure it's on Off

[12:23] {Threei}  I don't remember cosmo... you take my 'I am old" too literally {G}

[12:24] {chinggis} cat

[12:24] {chinggis} sorry mistake

[12:24] {cosmo} oh ... not the more recent wars, of course

[12:28] {dino} how do they figure gmac has funds, gm is broke too

[12:31] {wulff} CAT breaks

[12:33] {cosmo} CAT next big U.S. auto maker maybe?

[12:34] {Raven} those are gonne be pretty heavy cosmo ...

[12:34] {dino} mant to .60

[12:34] {Raven} gonna

[12:35] {Raven} will chew up the roads mabye

[12:35] {Raven} maybe ...

[12:35] {Threei}  that will create more jobs Raven

[12:35] {Raven} that'll be swell

[12:35] {cosmo} they are very stable in high winds

[12:35] {dino} cool name

[12:35] {Raven} lol ... very true

[12:36] {cosmo} i love the treads too

[12:36] {Raven} I like tanks a lot

[12:36] {dino} your welcome

[12:36] {Raven} always wanted one

[12:36] {cosmo} hmmm

06[12:36] * Raven slaps dino around a bit with a large trout

[12:37] {dino} to .72 mant

[12:37] {dino} ouch

[12:37] {dino} to .80

[12:38] {dptl} out sqnm ty

[12:38] {dino} out +.45

[12:38] {Threei}  can't believe it took this long to work, dp

[12:38] {jfjf64} im i on line  lost  connection

[12:38] {Threei}  but whatever

[12:38] {dino} too tight

[12:39] {dino} itri blood

[12:39] {jfjf64} any body copy   yes  no   

[12:39] {Threei}  no

[12:39] {fernp} yes, you are in jf

[12:39] {cosmo} Infrastructure Conglomerate   ... the next industrial sector...

[12:39] {Threei}  fern... you are wayyy too polite

[12:40] {jfjf64} ty    are ya in anything

[12:40] {Threei}  just covered SQNM, jf

[12:40] {jfjf64} ty

[12:42] {pita} adios

[12:43] {fernp} adios pita, nos vemos maana

[12:43] {dino} itri hmmmm

[12:43] {dino} mgln lod

[12:45] {Threei}  awww

[12:45] {Threei}  too soon on SQNM

[12:45] {Threei}  but jeez, it took so long

[12:45] {Threei}  I was just glad to stop staring at it

[12:45] {jfjf64} lol

[12:45] {nemo} look at cat

[12:46] {dino} nemoooooooooo, we missed psys short

[12:46] {Threei}  CAT was kind of discretionary

[12:47] {nemo} I pointed it out to you, and didn't hear back

[12:47] {Threei}  it did reestablish short setup but somewhat lukewarmly

[12:47] {dino} said around hod, see way above

[12:47] {cosmo} 35.50 is pivotal imho

[12:47] {nemo} [12:14] {nemo} PSYS DINO

[12:47] {ese} am back......whats with the dive of the market since i',ve been gone

[12:48] {Threei}  just pulling back off resistance, ese

[12:48] {nemo} So, it's my fault?

[12:48] {ese} for the market pulling back nemo

[12:48] {dino} indeed, lol

[12:48] {nemo} interloper...no the psys short

[12:49] {dino} now, i know this is a contradiction, but; dieeeeeee life

06[12:49] * nemo slaps dino around a bit with a large copy of Nemo's "Disgruntled Postal Worker Fantasy List"

[12:49] {dino} :)

[12:49] {nemo} life and death are merely different sides of the same coin...puke

[12:50] {dino} ok, nemo, riddle me this, itri entry?

[12:50] {dino} isle

[12:51] {Threei}  FAZ

[12:52] {dino} ugh, none avail

[12:52] {Threei}  watching for entry under 8

[12:52] {nemo} with market help, break of 43 

[12:52] {nemo} however, stop below .75 

[12:54] {nemo} why itri drop so much?

[12:54] {Threei}  missed earnings

[12:54] {dino} bstop life to .66

[12:54] {nemo} you in itri dino?

[12:55] {nemo} where?

[12:55] {dptl} in faz 8

[12:55] {vinod} in faz 8.00

[12:55] {dino} not yet

[12:56] {dino} waiting 42.80

[12:56] {nemo} what you lookin for, Willis?

[12:56] {vinod} i still have CAT shorted at 36.02   200

[12:56] {dptl} .95 stop?

[12:56] {dino} mgln hmmmm

[12:56] {dino} holding lod so far

[12:56] {Threei}  CHRYSLER FORMALLY FILES FOR BANKRUPTCY PROTECTION

[12:58] {dptl} out .05 ty

[12:59] {nemo} Dino, ITRI

[12:59] {dptl} got to use EDGX with faz ..fills mush faster than isld]

[12:59] {dino} missed itri

[13:00] {Threei}  seriously dp?

[13:00] {Threei}  I get instant ones with ISLD

[13:00] {nemo} ITRI moving without market

[13:01] {dino} i chickened out nemo

[13:01] {dptl} i don't know waiting all the time on isld with this one and edgx filling

[13:01] {nemo} that's o.k.  my middle name

[13:01] {dino} bummer

[13:01] {nemo} yeah .90 so far

[13:01] {Threei}  whose middle name is bummer?

[13:01] {dino} life to .57

[13:01] {nemo} for years I thought my name was "Asshole!"

[13:02] {nemo} I'm crying Dino

[13:02] {Threei}  mine was Hey You

[13:03] {dino} i'm a dumbazz

[13:03] {Threei}  magoos, I bet, is: Mister, don't shoot!!

[13:03] {dino} cov life .55, +.31

[13:04] {dino} there are better worlds(stocks) than these nemo

[13:04] {nemo} 2.00 in 10 minutes?

[13:05] {nemo} mags/3i's google earnings plays not-withstanding

[13:05] {dino} eyes on mgln

[13:07] {Threei}  hmm

[13:07] {Threei}  dp, you are right

[13:07] {Threei}  got very nice fills on both removing and adding liquidity on EDGX

[13:08] {dptl} ye even if you look at ecn t&s you'll see it's all edgx

[13:08] {Threei}  ty, and your middle name from now on is How Very Observant

[13:08] {dptl} what you in again?

[13:09] {Threei}  nothing right now, just scalped FAZ

[13:10] {Threei}  again, both sides adding liquidity this time

[13:10] {Threei}  ECN revate in works

[13:10] {Threei}  rebate

[13:11] {Threei}  laserheads, you know you can sdee rebate real time, right?

[13:11] {Threei}  see

[13:12] {nemo} the "passthru"

[13:12] {Threei}  right

[13:12] {Threei}  can see both overall and on particular stock

[13:12] {nemo} Had no idea

[13:13] {Threei}  look at number before fill

[13:13] {Threei}  then after

[13:13] {Threei}  you'l see it changing

[13:13] {Threei}  if you add liquidity, it will decerase

[13:15] {nemo} you in mgln yet dino?

[13:15] {Threei}  on my FAZ trades today I actually have positive number

[13:15] {Threei}  meaning I got paid by ECNs to play it

[13:16] {vinod} cover cat 35.48 out faz 8.08

[13:17] {Threei}  very nice on CAT

[13:17] {Threei}  over 50 cents

[13:17] {vinod} TK 

[13:17] {dptl} ye ,thats why it's nice to have ecn t&s to see wich ecn is filling the most so you can get out or get in easily

[13:18] {vinod} I have to play my way sometime because of work

[13:18] {Threei}  unless it gets overcrowded

[13:19] {Threei}  trying to bid FAZ 8.02

[13:19] {dino} mgln not yet nemo, waiting at 29.50

[13:19] {Threei}  yeah right FAZ says

[13:20] {dino} darn, covered my shorts too soon

[13:21] {dino} watching mant and itri for drops into this then bounces

[13:25] {dino} sm l mgln .50 wide

[13:26] {dptl} cat bounce? or to early?

[13:31] {dino} tndm

[13:44] {dino} sm l pnra .10

[13:49] {Threei}  S&P LOWERS CHRYSLER LLC'S RATINGS

[13:49] {Threei}  no really?

[13:52] {nemo} pnra looking more like a short now

[13:54] {dino}  depends on mkt imo

[13:55] {ese} ya'll have good time naaa ya hear........see ya tomorrow

[13:55] {dino} cya es

[13:55] {ese} c ya dino

[13:58] {dptl} {dptl} cat bounce? or to early?...lol 

[14:00] {dino} pnra tighten to .87 not working

[14:01] {nemo} kinda' scary if it breaks 57

[14:06] {dino} stopped-.23

[14:08] {nemo} ITRI ino

[14:09] {Threei} Long Setup:  FAS  .50 break if stays above .45

[14:14] {dino} cpla

[14:17] {dptl} valid again?

[14:18] {nemo} you play cpla dino?

[14:19] {Threei}  I'd like it to make one more move between .45 and .50

[14:19] {Threei}  to reestabliash the range

[14:20] {_ryanagler} gs short at 127 maybe?

[14:20] {_ryanagler} both 20 & 50 ma resistance

[14:20] {dino} sm l life .00

[14:21] {dino} nemo, waiting at 49.60

[14:21] {Threei}  finanacials uptrend again ryan

[14:21] {nemo} for CPLA?

[14:21] {Threei}  it's very jerky, can drop of course

[14:22] {Threei}  but there is nothing to indicate entry

[14:26] {dino} y

[14:26] {dptl} .55-.60 now fas?

[14:27] {Threei}  nah

[14:27] {Threei}  pullback into .50 or under

[14:27] {Threei}  I can't chase after such vertical spike

[14:27] {dptl} ok will wait

[14:28] {_ryanagler} short gs at .05

[14:30] {Threei}  swimming against the current ryan...

[14:32] {_ryanagler} youre probably right.  stop is at .50.  usually when 20 and 50 ma converge on 10min to a point at even number its good resist

[14:32] {nemo} ohoh indicators

[14:34] {vint} even after luch hrs, mkt seems tired

[14:34] {jfjf64} fas

[14:35] {Threei}  news helped send GS/FAS down

[14:36] {Threei}  TSLF auction, not very successful

[14:36] {Threei}  not sure it will have any lasting impact though

[14:36] {Threei}  SENATE BUDGET COMMITTEE CHAIRMAN: GEITHNER TELLS SENATE THAT NO ADDED BAILOUT FUNDS WILL BE REQUESTED ANY TIME IN THE NEAR FUTURE

[14:36] {nemo} hasn't moved TBT

[14:39] {Threei}  half out FAS here

[14:40] {nemo} when did you enter?

[14:40] {nemo} nevermind

[14:45] {_ryanagler} out gs at .50

[14:53] {dino} mant getting interesting again

[14:53] {dino} scor spike

[14:57] {Threei}  uh oh

[14:57] {Threei}  GM

[14:57] {Threei}  BONDHOLDER COMMITTEE HAS REPORTEDLY CANCELLED CONFERENCE CALL; GM NOTES IT WANTS TO FOCUS ON REDUCING DEBT AND CAPACITY AND WORKING WITH AUTO TASK FORCE

[14:57] {Threei}  another sign of strength coming?

[14:58] {Threei}  [12:16] {Threei} - bankruptcy is not a sign of the weakness

[14:59] {dino} score

[15:00] {dino} mwiv drop

[15:03] {Threei}  feels like selloff toward the end of day

[15:03] {Threei}  watch FAZ for entry

[15:03] {Threei}  likely to opullback toward 8 or just under

[15:05] {Threei}  US SENATE DEFEATS CRAM DOWN AMENDMENT TO HOUSING LEGISLATION

[15:05] {dino} mgln stop to .59, mkt fall

[15:05] {dino} life to .89

[15:06] {dino} life stopped -.11

[15:06] {dino} mgln stopped +.09

[15:06] {jfjf64} faz nice

[15:06] {Threei}  you took it jf?

[15:07] {jfjf64} yes .05

[15:07] {jfjf64} out .13

[15:07] {Threei}  good reflexes

[15:07] {fernp} gj

[15:07] {Threei}  it's not over

[15:07] {Threei}  bounce, then selling should resume

[15:08] {_ryanagler} dbl bottom

[15:08] {Threei}  and bounce is not likely to big big

[15:08] {jfjf64} when  do i get hit with the trout

[15:08] {Threei}  I don't think it's going to hold ryan

[15:08] {Threei}  new low is coming

[15:08] {_ryanagler} agree :)

06[15:08] * nemo slaps jfjf64 around a bit with a large roll of cash

[15:09] {jfjf64} yeah 

[15:09] {jfjf64} faz  again

[15:12] {jfjf64} need ya help bg guy

[15:12] {Threei}  what's with DRYS?

[15:13] {nemo} yeah saw that

[15:16] {Threei}  DOW red

[15:16] {Threei}  S&P red

[15:16] {Threei}  NASDAQ is a last one holding

[15:17] {Threei}  here comes breakdown on NASDAQ

[15:17] {Threei}  new low

06[15:17] * Threei high-fives ryan

[15:18] {Threei}  COMP red

[15:18] {Threei}  NQ last one in green

[15:18] {dino} s psys .15

[15:18] {Threei}  FAZ 20 cents spike from under .10

[15:18] {dino} gaps fill, next 8016, 1361,855

[15:25] {Threei}  US HOUSE APPROVES LEGISLATION TO APPROVE CREDIT CARD RULES

[15:25] {jfjf64} ??

[15:25] {Threei}  shrug

[15:25] {jfjf64} no more interest

[15:25] {dino} sm l mwiv .30

[15:27] {jfjf64} faz   .10   

[15:28] {dino} mgln l hl .53

[15:29] {dino} psys stopped -.16 done w/it

[15:30] {Threei}  AIG

[15:30] {Threei}  CONSIDERING CLOSING UNPROFITABLE MORTGAGE GUARANTEE UNIT

[15:30] {Threei}  lol

[15:30] {jfjf64} hmm

[15:30] {Threei}  we must be approaching to bottom of the crisis

[15:31] {jfjf64} faz?

[15:31] {dino} mant sm l .63

[15:31] {Threei}  in .05

[15:31] {Threei}  stop under 8

[15:32] {Threei}  hmmm

[15:32] {Threei}  no news that I see

[15:33] {dptl} faz?

[15:33] {Threei}  15:31] {Threei} in .05

[15:33] {Threei}  [15:31] {Threei} stop under 8

[15:33] {dptl} oh lol

06[15:33] * Threei slaps dptl around a bit with a large alarm clock

[15:34] {dptl} in .05

[15:34] {_ryanagler} in .03

[15:35] {dino} out mwiv .05, +.75

[15:36] {Threei}  wtg dino

[15:36] {fernp} indecent dino :)

[15:37] {dino} lol, lucky bounce

[15:38] {nemo} cu tomorrow

[15:39] {jfjf64} kick this faz

[15:39] {dino} cya nemo

06[15:39] * Threei slowly puts on steel toe boots and looks in FAZ's direction

[15:40] {dino} pnra maybe will fill that gap

[15:40] {dptl} out ty

06[15:40] * Threei meets FAZ eyes

06[15:41] * Threei points finger at his pffer at .15

[15:41] {chinggis} out faz.12 ty

[15:42] {Threei}  sure

[15:42] {dino} mant stop to .83

[15:42] {Threei}  whatever... out .13

[15:43] {jfjf64} ditto ty

[15:43] {jfjf64} faz  got me goin  today   lol

[15:43] {_ryanagler} something big coming

[15:44] {dino} stopped mant +.20

[15:47] {Threei}  last try

[15:48] {Threei}  stop is really small

[15:48] {Threei}  can't stay away

[15:48] {dptl} .05 again?

[15:48] {Threei}  no, took .02

[15:48] {dino} m,gln stop to .93

[15:49] {Threei}  out .08

[15:49] {dino} out +.40

[15:49] {Threei}  chicken feed

[15:49] {Threei}  but there was enough of that today to make it profitable day

[15:49] {_ryanagler} nice

[15:50] {_ryanagler} still holding at .03

[15:51] {dino} light but green

[15:51] {Threei}  yeah

[15:51] {dino} lots of rinses today

[15:52] {Threei}  ryan... you know it's 7 min till eod, right?

[15:53] {_ryanagler} yes.  biggest dumps have come in last 5 min in last couple weeks

[15:53] {Threei}  yeah

[15:53] {_ryanagler} but also biggest rallys :)

[15:53] {Threei}  just making sure :)

[15:53] {Threei}  some here actually frogot

[15:53] {Threei}  and were closing positions in hurry on last seconds, lol

[15:54] {dino} gotta hop, thx all, baseball calls

[15:54] {Threei}  take care dino

[15:54] {dino} u2

[15:55] {Threei}  nice FAZ

[15:56] {_ryanagler} gogo

[15:56] {Threei}  4 min

[15:58] {_ryanagler} fun faz run

[15:58] {jfjf64} woooo    ty    good  night

[15:59] {_ryanagler} stops to .32

[15:59] {dptl} have a good evening all

[15:59] {_ryanagler} ouy. ty vad!

[15:59] {Threei}  thank you all

[15:59] {_ryanagler} out

[15:59] {Threei}  welcome, good job

[16:00] {Threei}  have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {fernp} good evening all

[16:00] {_ryanagler} take care