May 14 2009

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

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

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

May 13 2009

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

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

[08:01] {magoo} mornink comrades

[08:02] {Threei}  good morning

[08:04] {Threei}  VNDA baby

[08:04] {magoo} u didnt hold over nite did u?

[08:05] {nemo} yes he did

[08:05] {Threei}  I did

[08:05] {magoo} thats a widow maker

[08:05] {Threei}  I alerted from the get go that it was a hold for me unless resolves before day's end

[08:05] {Threei}  sold part at 11.45

06[08:05] * nemo slaps Threei around a bit with a large roll of gold dubloons

[08:06] {Threei}  got last 300 shares, trying to ofer them at 11.90 but will exit for less if wind changes

[08:07] {Threei}  with 10.80 entry price and partial for 65 cents profit, that was as close to calculated risk as yu can get

[08:08] {Threei}  if 11.38 melts, will dump 100 more into it keeping last 200

[08:10] {Threei}  lol, no chance

[08:10] {nemo} what "no chance"?

[08:11] {Threei}  [08:08] {Threei} if 11.38 melts, will dump 100 more into it keeping last 200

[08:14] {Threei}  sheesh... who bought 61 share from me at .45?

[08:16] {magoo} i did lol

[08:16] {Threei}  sigh

[08:16] {Threei}  want 39 more?? :)

[08:21] {Threei}  ok... sold that odd leftover at .63

[08:22] {Threei}  200 left

[08:22] {magoo} that does it..........................

06[08:22] * magoo slaps Threei around a bit with a large trout

[08:22] {Threei}  I take it as congratulations and expression of envy

[08:26] {Threei}  100 more at .75

[08:26] {Threei}  that's +.95

[08:26] {Threei}  last 100 left

[08:26] {nemo} how'd you miss those .87s

[08:27] {Threei}  there was no bid, and I haven't offered there

[08:30] {Threei}  APR ADVANCE RETAIL SALES: -0.4% V 0.0%E; EX AUTOS: -0.5% V 0.2%E

[08:30] {Threei}  PR IMPORT PRICE INDEX M/M: 1.6% V 0.6%E; Y/Y: -16.3% V -16.8%E

[08:31] {nemo} that put a damper on things

[08:34] {magoo} vad..understood we need to wait -n-see..but working theory for today??

[08:35] {Threei}  none yet

[08:35] {pita} gm all

[08:36] {Threei}  pita :)

[08:39] {magoo} day for the coveted FAZ play vad??

[08:39] {Threei}  mags, when I say I havce no comments yet... are you going to press me for answer until I give you any?

[08:40] {magoo} thats hardly a press :)

[08:40] {cosmo} sounds like good reporting to me

[08:40] {magoo} cranky even after making dough

[08:40] {cosmo} good press

[08:40] {fernp} good morning all

[08:40] {Threei}  fern :)

[08:40] {Threei}  I wasn't reading the market yesterday well,

[08:40] {Threei}  you know what I do when I am not in the tune?

[08:41] {Threei}  I decrease activity

[08:41] {Threei}  not push harder

[08:41] {cosmo} MDCO wants to heal i think

[08:45] {cosmo} ... i thot

[08:45] {Threei}  OCC'S DUGAN: SEEING LOSSES RISING FOR CREDIT CARD; ENCOURAGED THAT BANKS WERE ABLE TO RAISE CAPITAL AFTER STRESS TESTS - CNBC INTERVIEW

[08:46] {Threei}  so, they already raised it?

[08:46] {Threei}  out last partion VNDA 11.50

[08:46] {Threei}  done with it for now

[08:56] {Threei}  RIMM

[08:56] {Threei}  PRICE TARGET RAISED TO $95 FROM $80 AT CARIS, MAINTAINS BUY RATING

[08:59] {Threei}  magoo

[08:59] {Threei}  feel like premarket gamble?

[08:59] {Threei}  FAS .20 break long with stop under .10

[08:59] {dptl} good morning all

[08:59] {Threei}  dp :)

[09:01] {KSystems} pooping kittys maybe

[09:01] {magoo} u in it vad?

[09:02] {Threei}  only when those become market-changing event, KS

[09:02] {Threei}  it didn't break yet magoo

[09:02] {magoo} timmy  on tv cnbc

[09:02] {Threei}  and no, I had my fix of gambling with VNDA overnight

[09:02] {KSystems} choking chickens

[09:02] {ese} good morning

[09:02] {KSystems} hi ese

[09:02] {Threei}  ese :)

[09:03] {ese} ksys...vad

[09:04] {Threei}  ?

[09:05] {Threei}  FAS 1:1

[09:05] {Threei}  ROCHDALE INITIATES STT WITH BUY, PRICE TARGET: $52

[09:05] {tomg} ty vad

06[09:06] * Threei adds tom to the list of gamblers

[09:06] {tomg} :)

[09:06] {Threei}  magoo didn't take it?

06[09:06] * Threei crosses magoo out of the gamblers list

[09:06] {magoo} no..went for coffee..sigh

[09:07] {Threei}  hmmm

[09:07] {magoo} been trying to get off that list for years

[09:07] {Threei}  you wanted it, it was within 1 cent from trigger and you went for coffee?

[09:07] {dino} gm all

[09:07] {Threei}  that's the most laid back attitude I've ever seen in traders

[09:07] {Threei}  dino :)

[09:08] {magoo} why ty

[09:08] {vinod} good morning to all

[09:08] {Threei}  vinod :)

[09:08] {vinod} good morning to all

[09:08] {Threei}  vinod :)

[09:12] {Threei}  I am afraid we won't see larisa anymore

[09:12] {magoo} huh?

[09:13] {Threei}  she went for all or nothing play on VNDA with purpose of retirement

[09:14] {Threei}  [13:58] {larisa} bought 100K of VNDA, want to retire in the evening :)

[09:14] {Threei}  look for her somewhere on hawaiian beach

[09:18] {jfjf64} mornin all

[09:18] {Threei}  jf :)

[09:22] {Threei}  (US) TREASURY SEC GEITHNER: A SAFER BANKING SYSTEM WILL REQUIRE LOTS OF CHANGES - Q&A

[09:22] {Threei}  {EUR/USD XLF}

[09:22] {Threei}  duh

[09:24] {cosmo} i need to see indictments

[09:25] {cosmo} like in the late 1980's with RTC

[09:25] {dino} imo watch 5s and 0s

[09:26] {dino} not this time cos, keeping their jobs, companies, and bonuses

[09:26] {cosmo} sigh

[09:26] {dino} "failure" may hurt their feelings

[09:26] {dino} the handling of this is a joke!

[09:27] {cosmo} this is not america...

[09:27] {dino} ok done ranting

[09:27] {dino} opts. exp fri, watch the 5s and 0s

[09:27] {Threei}  told you larisa has retired... why did I ever mentioned VNDA

[09:28] {Threei}  did mentioned.... nice grammmar there

[09:30] {Threei}  watching HIG

[09:31] {Threei}  one more sharp leg down and I'll be interested

[09:33] {dino} aipc stop to .48 from yesterday

[09:33] {dino} to .60

[09:34] {dino} to .66

[09:34] {dino} out major slip ave .59, +.59

[09:35] {dino} holx stopped -.02 holdover

[09:35] {nemo} rimm holding well

[09:35] {dino} ok, all clear

[09:37] {dino} next gaps far away, 4/28; 8016, 1361, 855

[09:37] {Threei}  JNPR

[09:37] {Threei}  watching pullback

[09:38] {nemo} wfc

[09:38] {Threei}  .60 zone will probably be interesting on JNPR

[09:40] {Threei}  HIG is almost ready

[09:40] {fernp} shorted at .39

[09:41] {fernp} out here

[09:41] {Threei}  :)

[09:41] {Threei}  .10 long if stays above 13

[09:42] {dptl} in

[09:42] {Threei}  1:1

[09:43] {dptl} half out

[09:43] {Threei}  and over

[09:43] {tomg} ty vad

[09:43] {Threei}  welcome

[09:43] {Threei}  good timing on cover, fern

[09:43] {fernp} yeah

[09:44] {dptl} more .27

[09:44] {dino} pru gap fill

[09:45] {Threei}  here is somewhat unusual trading idea guys

[09:45] {Threei}  kind of hybrid play

[09:46] {Threei}  COIN

[09:46] {Threei}  long on 2 break,

[09:46] {Threei}  stop is rather in a scalping fashion, under 1.90

[09:46] {ese} theres a name we haven't seen for a while

[09:46] {Threei}  profit target hiwever is more of a swing nature

[09:46] {Threei}  nearest resistance is 2.20

[09:47] {dptl} out more .35 hig ty

[09:47] {nemo} not 2.14 from yesterday?

[09:47] {Threei}  if gets there you'll have to decide between partialing or holding whole thing for bigger run

[09:47] {Threei}  wtg dp

[09:47] {Threei}  why 2.14?

[09:47] {dino} schw gap fill

[09:47] {Threei}  yest high 2.20

[09:47] {ese} dino HMSY......was down 3 bills to start has climbed back

[09:48] {ese} ahhh forget it....volume too thin

[09:49] {dptl} all out .47 hig ty ty

[09:49] {Threei}  welcome... go home

[09:50] {dptl} :)

[09:50] {jfjf64} ty vad

[09:50] {vinod} now i am out hig 13.51

[09:50] {Threei}  jf :)

[09:50] {Threei}  good job guys

[09:50] {wulff} still hard for me to sell into strength

[09:50] {Threei}  hmmm

[09:51] {Threei}  what is it you want to sell into?? :)

[09:51] {wulff} I know, stupid

[09:51] {Threei}  think of it this way:

[09:51] {Threei}  sell when you can - not when you must

[09:51] {wulff} The more I do, the smarter I feel

[09:52] {Threei}  argh

[09:53] {Threei}  got distracted, missed JNPR

[09:53] {dino} mygn sm l ..89

[09:56] {ese} l mygn .80

[09:56] {ese} i'm with ya dino

[09:57] {ese} stop .69

[09:58] {Threei}  COIN

[09:58] {dino} idcc l .05

[09:58] {Threei}  half out for those who want to be on a safe side

[09:58] {Threei}  me out half .30

[09:59] {dptl} you 'll be laughfing ..but i only managed to get 100 shares on coin..out +.30 ty

[09:59] {Threei}  2100 shares?

[09:59] {Threei}  please, whatever you do - do NOT, I reapeat do not spend it all at once

[09:59] {Threei}  100 sorry

[09:59] {wulff} FITB +.30

[09:59] {dptl} 100 yes lol...

[10:00] {ese} out mygn .97 

[10:00] {Threei}  because if you do, you will cause hyperinflation

[10:00] {Threei}  singlehandedly

[10:00] {ese} tks dino +.17

[10:01] {Threei}  anyone else COIN??

[10:01] {ese} wheres your stop on mygn dino

[10:01] {Threei}  come on guys, cheap stock, 1:3 in minutes

[10:02] {tomg} i'm still in it vad

06[10:02] * Threei removes himself to remote monastery in Tibet mountains

[10:02] {Threei}  awww tom

[10:02] {Threei}  do I have tio return from Tibet now? :(

[10:02] {tomg} sorry :)

[10:02] {Threei}  you took half?

[10:02] {tomg} yes

[10:02] {Threei}  good

[10:02] {Threei}  spike is too fast

[10:02] {ese} when did you all get in COIN

[10:03] {Threei}  gotta feed them while they are quacking

[10:03] {tomg} get out here?

[10:03] {nemo} volumes dropping

[10:03] {Threei}  scroll up to 9.45, ese...

[10:03] {ese} dndn going nuts

[10:03] {Threei}  if you have enough shares, take 1/4 more tom

[10:04] {Threei}  DNDN

[10:04] {Threei}  HEARING VAGUE CHATTER AZN CONSIDERING A CAPITAL INFUSION FOR THE COMPANY

[10:04] {Threei}  - Size rumored in excess of $1.3B

[10:04] {tomg} ok

[10:04] {dino} idcc stopped -.11

[10:04] {ese} dino tks for mygn 

[10:05] {dino} watching pnra, bwld, holx, layn, rick

[10:07] {dino} np

[10:08] {Threei}  COIN stop to 2.15 for the balance

[10:09] {Threei}  watch HBAN

[10:09] {Threei}  it seems to be moving with some delay vs FAS

[10:10] {Threei}  when FAS stages strong move, HBAN gives a window of opportunity for entry before following

[10:11] {dino} schw l .,65

[10:12] {Threei}  idea of the play would be: FAS just spiked into .30, HBAN moved to .65; FAS retreated, HBAN stayed put. Now if FAS spikes again, buy .65 break on HBAN

[10:12] {Threei}  with stop under .60

[10:12] {dino} holx l .00

[10:12] {Threei}  no FAS spike yet

[10:13] {Threei}  don't enter on "accidental" uptick, you want to see strong leadership by FAS

[10:14] {magoo} in hban

[10:15] {fernp} out ty

[10:15] {Threei}  good reflexes guys

[10:15] {Threei}  glad you are getting these plays where I can mostly give scenario rather than exact call

[10:16] {chinggis} out hban +.08 ty vad

[10:16] {Threei}  :)

[10:16] {Threei}  HBAN is ese play

[10:16] {Threei}  many little buggers, scalp type I

[10:16] {Threei}  watch how perfectly it moves in unison with FAS

[10:17] {ese} was just looking at that hban....

[10:17] {Threei}  just? I am talking about it for the last 10 minutes :)

[10:18] {ese} have been on the phone to disneyland

[10:18] {ese} was looking at fas more....i like the higher double bottom on fas

[10:18] {Threei}  what the deuce... people retire left and right

[10:19] {Threei}  larisa earlier, ese now... I will be alone here in a few months

[10:19] {Threei}  maybe magoo will stay, mostly for the trout

[10:19] {ese} nope!!!! i'll be with you for a while vad ....

[10:20] {ese} l fas .23

[10:20] {ese} speaking of for a while

[10:21] {ese} have had a shiskabob bash at your place for a while

[10:21] {ese} haven't

[10:21] {Threei}  guess who is on TV

[10:21] {fernp} mickey mouse?

[10:22] {ese} ?

[10:22] {Threei}  lord, give me strength not to answer that... {G}

[10:22] {fernp} lol

[10:22] {Threei}  :)

[10:22] {Threei}  president, ese

[10:23] {ese} as long as he influences fas to go up.....i'm ok with it

[10:23] {nemo} coin still going

[10:23] {ese} it's goin down

[10:24] {Threei}  beautiful play

[10:24] {nemo} ese, why would fas go up when the prez is speaking?

[10:24] {ese} wishful thinking

[10:24] {ese} heading up now

[10:24] {Threei}  combination of scalping size stop and swing trade size of wins

[10:25] {Threei}  what else can you ask for

[10:25] {nemo} Jessica Biel

[10:25] {magoo} jessica alba :)

[10:26] {ese} either

[10:26] {nemo} haha both

[10:26] {magoo} both

[10:30] {ese} come on fas..........

[10:30] {Threei}  *DOE CRUDE: -4.7M V +1.1ME

[10:30] {Threei}  GASOLINE: -4.1M V +500KE; DISTILLATE:+1M V +1.2ME; CAPACITY UTILIZATION: 83.7% V 85.6%E

[10:30] {ese} daaaaaa....

[10:30] {Threei}  - Distillate demand +180K bpd to 3.625MM bpd

[10:30] {Threei}  - Gasoline demand -12K bpd to 8.91M bpd{USO OIH}

[10:31] {Threei}  (US) HOUSE FINANCIAL SERVICES PANEL: SETS MAY 19 FOR HEARING TO REVEWI CREDIT RATING OPERATIONS

[10:31] {Threei}  {MCO FIM.FR MORN MHP}

[10:35] {ese} daaaaaaa

[10:36] {magoo} out hban .,73

[10:36] {magoo} ty vad

[10:36] {Threei}  sure

[10:36] {dino} mygn to .19

[10:36] {chinggis} any read on GE vad?

[10:37] {Threei}  I am not inclined to short it chinggis... on a long side it's kind of:

[10:37] {Threei}  gotta see financials seriously recovering,

[10:37] {dino} pnra sm l .58

[10:38] {Threei}  then 13.10 break with stop nder 13 could become a play

[10:38] {chinggis} ok ty 

[10:38] {magoo} RIMM bounce area vad?

[10:38] {chinggis} ok ty

[10:39] {Threei}  can't tell really on RIMM

[10:39] {Threei}  I am not delighted

[10:39] {Threei}  VNDA is holding amazingly well

[10:39] {Threei}  again

[10:39] {dino} idcc sm l .15

[10:40] {tomg} vad, i have to leave for the day. keep coin stop at 2.15?

[10:40] {Threei}  I do

[10:41] {Threei}  sizeable profit on 3/4 is taken

[10:41] {Threei}  last part is nicely protected

[10:41] {Threei}  why not leave it a bit of breathing room

[10:41] {tomg} ok, ty, nice day see you tomorrow

[10:41] {Threei}  take care tom

[10:42] {tomg} :)

[10:42] {Threei}  if you see larisa on the beach, say hello

[10:42] {tomg} ok :)

[10:43] {dino} out mygn reverse slip, .23, +.35

[10:46] {nemo} jnpr heading for DB?

[10:47] {Threei}  doesn't look that way to me

[10:47] {Threei}  rather breakdown

[10:49] {dino} aipc drop

[10:51] {nemo} jnpr following behind RIMM?

[10:52] {dino} aipc sm l .10 wide jumpy

[10:52] {Threei}  way too narrow to use as a follower

[10:53] {Threei}  RIMM bounced 50 cents, JNPR 6

[10:55] {chinggis} MDCO

[10:55] {Threei}  JNPR starts looking like shirt on breakdown

[10:56] {nemo} short sleeve?

[10:57] {Threei}  if market continues down, .28 short trigger

[10:57] {Threei}  stop above .35

[10:59] {dino} aipc stop to .65

[11:00] {dino} mygn pullback, want around .70

[11:00] {dino} aipc to .69

[11:00] {Threei}  AIG

[11:00] {Threei}  LIDDY: SEES REPAYMENT OF US GOV FUNDS IN 3-5 YEAR TIME FRAME IF THE ECONOMY ALLOWS

[11:00] {Threei}  - AIG making repayments may take longer if economy declines

[11:00] {Threei}  - Financial products arm is continuing to reduce its risky positions

[11:01] {nemo} break of .28 or .28?

[11:01] {Threei}  low is .29

[11:01] {nemo} yes

[11:01] {Threei}  break of it means .28 is trigger

[11:01] {nemo} kewl

[11:02] {dino} eyes on intc, txn

[11:02] {dino} titn

[11:02] {dino} out aipc .69, +.59

[11:03] {Threei}  interesting...

[11:03] {nemo} in

[11:03] {Threei}  JNPR's downticking even as NQ goes up

[11:03] {Threei}  unless shakes out, should be a good one when NQ reverses

[11:03] {dino} hmmm, i was pondering the same............not!

[11:04] {dptl} ok in jnpr

[11:06] {ese} stopped fas .00 -.23

[11:06] {ese} daaaaaaaa

[11:07] {Threei}  okay JNPR... market helps, why don't you roll over and dies

[11:07] {Threei}  -s

[11:08] {dino} whoosh down coming, gut

[11:15] {pita} gotta go, good huntimg everyone

[11:15] {Threei}  take care pita

[11:15] {nemo} frickin jnpr.  Rimm's already rolled over

[11:17] {dino} aipc drop again

[11:17] {dino} cya pita

[11:19] {nemo} it touched 1:1 should we move to be

[11:19] {dino} ndx -6% in week

[11:20] {nemo} out

[11:20] {dptl} stopped jnpr

[11:20] {ese} L fas.01

[11:21] {Threei}  dp... didn't it touch 1:1?

[11:22] {dptl} breifgly yes but didn't get out

[11:22] {Threei}  redardless of whether you chose to cover or not, stop should have been trailed to above breakeven, no?

[11:22] {nemo} that's what I asked

[11:22] {dptl} yes my mistake

[11:22] {Threei}  this is routine

[11:22] {nemo} stopped at original stop...well actually additional 03

[11:23] {Threei}  we do it always - unless there is some distinction, which I would highlight

[11:24] {dino} mygn sm l .70

[11:28] {dino} 3i (ike) either get to fighting (trading) or get out of here...tombstone

[11:29] {Threei}  huh?

[11:29] {nemo} I'll be your Huckleberry

[11:29] {magoo} your a daisy if u do

[11:30] {jfjf64} what  ever  ya  guys  drinkin  ill hv  one

[11:30] {dino} thats ok, i have two guns one for each of ya

[11:30] {Threei}  or smoking

[11:30] {nemo} That's alright, 600 yards is close enough for me

[11:30] {magoo} {ike}i'll sdee u soon.i'll see u soon

[11:31] {nemo} lunger

[11:31] {magoo} dont any of u have the guts to play for blood?{ringo}

[11:31] {dino} you tell them i'm coming and hell's coming w/me

[11:32] {magoo} {wyatt}i cant beat him can i?..{doc} no

[11:32] {Threei}  I am back to that monastery

[11:33] {nemo} And you must be Ringo. Look, darling, Johnny Ringo. The deadliest pistoleer since Wild Bill, they say. What do you think, darling? Should I hate him? 

[11:33] {nemo} Kate: You don't even know him. 

[11:34] {patience} aliens are taking over people in the room vad

[11:35] {nemo} It appears my hypocrisy knows no bounds

[11:35] {dino} lol

[11:35] {Threei}  totally

[11:36] {magoo} it appears jonnies an educated man...now i really hate him

[11:36] {nemo} n pace requiescat

[11:37] {dino} appears nemo is too

[11:37] {nemo} I have not yet begun to defile myself

[11:38] {nemo} nah...just saw the movie couple hundred times

[11:39] {dino} same

[11:39] {vinod} vad-your take on FAZ if it breaks 6.00

[11:40] {dino} holx to .02

[11:40] {Threei}  worth a try...

[11:40] {Threei}  .90 support, so stop under it

[11:40] {vinod} thanks

[11:41] {dino} seems gut was right

[11:42] {vinod} stop at 5.87 2k

[11:42] {nemo} jpr hit 1:1 :)

[11:44] {dino} -3% dji, =6% ndx, -4.5% s/p from late last week

[11:44] {dino} holx stopped +.02

[11:47] {dino} watching aipc

[11:47] {dino} titn too

[11:49] {dino} afam

[11:49] {Threei}  look at VNDA

[11:50] {Threei}  12.50 and higher in its future or I am hallucinationg?

[11:50] {Threei}  low block

[11:55] {dino} layn l .09

[11:56] {dino} sm'

[12:00] {Threei}  activity died

[12:01] {magoo} actually..just starting now

[12:04] {Threei}  mags...

[12:05] {Threei}  I amtaking about market activity..

[12:05] {Threei}  not browsing questionable sites activity

[12:11] {magoo} whenrever i go to porn mkts go up vad ..lol

[12:11] {magoo} i dont like  doing it

[12:11] {magoo} but do it for the team

[12:11] {Threei}  but you must

[12:13] {Threei}  if yesterday repeats, we are about to start slow recovery

[12:14] {ese} out fas .16 +.16  

[12:17] {dino} gj

[12:20] {ese} tks......just back to even on that one

[12:27] {chinggis} Vad fitb 7.20 shortable?

[12:28] {Threei}  with FAS downticking, worth a try, yes

[12:28] {chinggis} ok ty 

[12:29] {Threei}  it's a bit weaker than FAS, so you need FAS either drop;pong or at least staying put; don;t short against FAS going up though

[12:29] {chinggis} ok thank you

[12:32] {chinggis} s fitb

[12:32] {chinggis} .19

[12:33] {Threei}  last bounce topped out at .26

[12:33] {Threei}  so if you are very stingy, that would be a resistance to place stop

[12:34] {nemo} s jnpr?

[12:34] {Threei}  why?

[12:34] {nemo} weakness in q's couldn't breach previous highs

[12:35] {Threei}  I don't see aany chart indications

[12:35] {nemo} ty

[12:35] {dino} out layn .33 +.24

[12:37] {chinggis} covered fitb .14 ty vad

[12:37] {Threei}  what for... you found the play, you executed it... I can take a credit if you insist of course...

[12:38] {Threei}  1:1 here ar .12

[12:38] {Threei}  notice how it worked btw

[12:38] {Threei}  just as we thought:

[12:38] {Threei}  FITB dropped with each FAS downticks or when FAS didn't do anything

[12:39] {chinggis} u gave me FAS correlation, that was very helpful

[12:39] {Threei}  and paused and upticked faintly while FAS went up

[12:39] {chinggis} yes

[12:42] {nemo} headed out might not get back...happy hunting

[12:43] {Threei}  take care nemo

[12:43] {Threei}  FITB 1:1 for more roomy stop abpve .30

[12:43] {Threei}  nice find chinggis

[12:43] {chinggis} ty

[12:45] {jfjf64} faz 6.00

[12:46] {jfjf64} cant  get threw

[13:03] {dino} lod's

[13:06] {Threei}  CONGRESSIONAL AIDE: US REGULATORS WILL MAKE AN ANNOUNCEMENT ON OTC DERIVATIVES REGULATION AT 4:00PMET

[13:06] {Threei}  - Plan would require clearing standardized OTC derivatives and permit CFTC to place limits on derivatives that affected price discovery.{ICE NYX NDAQ}

[13:12] {Threei}  FAZ reached 1:1... very labored move

[13:22] {magoo} .

[13:22] {magoo} ..

[13:24] {dino} partial l layn .02

[13:50] {jfjf64} what  ya  thoughts  last 2  hrs   vad

[13:51] {ese} intc fine really had a big impact didn't it?

[13:51] {ese} it's dn .02

[13:51] {Threei}  thoughts?

[13:51] {Threei}  kidding?

[13:51] {Threei}  I haven't had any in years

[13:51] {jfjf64} lol

[13:51] {ese} funny

[13:52] {Threei}  I almost had to have one when came up with new topic for today

[13:52] {Threei}  but lucked out

[13:52] {ese} this will hurt AMD alot more for whineing.....it makes there business look weak

[13:53] {ese} in that the only way they can compete is through the courts

[13:53] {ese} INTC +.03

[13:55] {dino} fcsx

[13:57] {ese} ese interpretation of ruling in favor of AMD....."now go away.....you got your judgement in favor now don't bug us anymore....we'll catch you in bankrupcy court"

[13:57] {Threei}  I don't see news on FCSX

[13:58] {ese} Outta here all see you tomorrow....

[13:58] {Threei}  take care ese

[13:58] {jfjf64} later

[13:58] {ese} see ya vad

[14:00] {dino} nor do i fcsx

[14:00] {jfjf64} fas  fightin  at 9.00

[14:35] {dino} amzn

[14:38] {Threei}  (US) FED SPOKESPERSON: FED MAY ISSUE PROPOSALS ON BANK COMPENSATION PRACTICES IN NEXT FEW MONTHS

[14:38] {Threei}  - Notes the Fed will use its authority to promote practices that reduce incentives for behaviors that create systemic risk.

[14:38] {Threei}  - Earlier today, the WSJ reported that the US govt is eyeing an overhaul of banking compensation practices that could effect compensation across the board, not just at firms that took TARP or other govt funds.

[14:40] {Threei}  wow

[14:40] {Threei}  this is more boring that Friday afternoon in August

[14:52] {dino}   indeed sir

[14:54] {vinod} My faz is going no where since I got in morning

[14:55] {vinod} I tok stip out since i was going away 

[14:58] {dino} aipc to 25 strike

[15:11] {dino} right to it and big bounce

[15:13] {nemo} what I miss?

[15:13] {dino} out layn .05 +.03

[15:13] {nemo} well, if that's it...

[15:13] {Threei}  FITB short found by chinggis... and two hours of heaslthy sleep

[15:30] {dptl} i think i gonna call it a day...ty and .have a good evening all :)

[15:30] {vinod} me too have a good evening

[15:30] {Threei}  take care dp

[15:30] {dino} titn l .51 stop .39

[15:32] {dino} make stop .44

[15:35] {nemo} shhhhhhh...don't wake vad....

[15:38] {dino} arst l .33

[15:38] {dino} stop .23

[15:45] {Threei}  VNDA is chewing through

[15:48] {dino} titn stopped slip, .42-.09

[15:50] {dino} aipc l .60

[15:50] {Threei}  [11:49] {Threei} look at VNDA

[15:50] {Threei}  [11:50] {Threei} 12.50 and higher in its future or I am hallucinationg?

[15:51] {nemo} you need to have more hallucinations

[15:51] {Threei}  I would but you guys wake me up all the time

[15:51] {dino} arst stopped

[15:52] {nemo} sleeping they're dreams.  You hve to be awake to hallucinate...minor detail

[15:52] {nemo} my psychiatrist told me

[15:52] {Threei}  not by me

[15:53] {Threei}  I perfectly function in my sleep

[15:53] {Threei}  that includes hallucinating

[15:53] {dino} aipc to .78

[15:54] {dino} out +.18

[15:55] {dino} way soon

[15:58] {Threei}  wow

[15:58] {Threei}  impressive

[15:58] {Threei}  this thing squeezes hard

[16:00] {Threei}  okay guys, thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {nemo} nite

May 12 2009

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

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

[08:08] {magoo} morning

[08:09] {nemo} mags :)

[08:09] {nemo} How's your back?

[08:09] {magoo} u mean ankle??

[08:10] {nemo} no, back...Since your walking is screwed up by your ankle I was wondering how your back was

[08:10] {Threei}  may I bring you good news this fine morning:

[08:10] {Threei}  PRICE TARGET RAISED TO $200 BY ANALYST AT ROCHDALE SECURITIES (TIMING UNCERTAIN)

[08:10] {Threei}  GS

[08:11] {nemo} "timing uncertain"

[08:11] {Threei}  that's very philosophical addition to upgrades and downgrades

[08:11] {Threei}  BALTIC DRY BULK INDEX 1.7% (8TH CONSECUTIVE RISE)

[08:12] {magoo} morn vad

[08:12] {magoo} look STEC

[08:12] {Threei}  beat earnings, got upgrade with 15 target

[08:13] {cosmo} STEC..... "timing uncertain"

[08:16] {nemo} original cosmo :)

[08:22] {Threei}  VNDA again

[08:22] {magoo} stec..uncertain..heck it was 14 already..15 tyoday prob

[08:30] {Threei}  (US) MAR TRADE BALANCE: -27.6B$ V -$29.0BE

[08:33] {Threei}  F

[08:33] {Threei}  EUROPEAN APRIL SALES -7.4% Y/Y

[08:33] {Threei}  -7.4?

[08:33] {Threei}  it's nothing

[08:33] {larisa} good morning

[08:34] {nemo} larry :)

[08:34] {Threei}  larisa :)

[08:34] {larisa} nemo, vad :)

[08:35] {lamant} good morning :) i'm new to here

06[08:35] * nemo slaps lamant around a bit with a large trout

[08:36] {magoo} morning lamant:)

[08:36] {Threei}  lamant :)

[08:40] {pita} gm all

[08:40] {Threei}  pita

[08:40] {nemo} pita :)

[08:43] {pita} hi memo

[08:44] {magoo} vad..working theories at this stage?

[08:44] {Threei}  still looking around

[08:44] {Threei}  frikin FTBK

[08:45] {nemo} mbi

[08:45] {Threei}  takes the FITB's torch

[08:45] {magoo} no i meant..we had shalow pullbk..thoughts here

[08:45] {Threei}  HBAN is quite strong too

[08:46] {Threei}  that's what I mean too

[08:46] {nemo} that trade deficit umber seems to have goose the futures a tad

[08:48] {fernp} Hello everybody

[08:48] {Threei}  fern :)

[08:52] {ese} morning

[08:52] {nemo} ese :)

[08:52] {Threei}  ese :)

[08:53] {Threei}  ese... keep an eye on FTBK as candidate to replace your FITB atm

[08:53] {ese} tks vad will do.....

[08:54] {nemo} funny I was thinking the same thing....I can see ese now "20000 of the little buggers"

[08:54] {Threei}  it trades a bit differently, more volatility

[08:54] {Threei}  so keep "buggers" amount reasonable until you get a feel for it

[08:54] {nemo} or you'll get "buggered"

[08:54] {ese} tks

[08:55] {nemo} ese dcc

[08:55] {dptl} good morning all

[08:56] {nemo} dp :)

[08:56] {Threei}  dp :)

[08:56] {ese} one of the reasons for trading fitb was the fact that it does over 10,000,000 daily....most of my trading is done on stocks that averge minimum 10 mill a day

[08:56] {ese} dp

[08:56] {ese} they may move against me but not by very much

[09:02] {dino} gm all, turnaround tuesday

[09:02] {Threei}  dino :)

[09:12] {cosmo} STEC pre mkt high = 14.20 ... just in case

[09:12] {Threei}  BERNSTEIN INITIATES BRCD WITH OUTPERFORM, PRICE TARGET: $7.50

[09:18] {vinod} good morning

[09:18] {Threei}  vinod :)

[09:18] {nemo} vino :)

[09:18] {ese} another major pullback in DRYS should be over soon

[09:18] {nemo} wfc gave back everything from this morning

[09:19] {jfjf64} mornin all

[09:19] {nemo} jf :)

[09:20] {ese} jf

[09:20] {Threei}  jf :)

[09:20] {cosmo} DRYS pre mkt high = 7.24  

[09:21] {cosmo} ... so far

[09:22] {Threei}  my inclinations are on a long side for the opening plays

[09:22] {Threei}  WFC, FTBK

[09:23] {Threei}  26.50 is WFC's support so far

[09:24] {ese} someone take a look at the volume  on the faz daily.......would you interpret that as a wack of short positions being taken on the financials

[09:25] {Threei}  that's one part ese,

[09:25] {Threei}  another is:

[09:26] {Threei}  as it drops it attracts a lot of those who believe in pullback on financials, and at the same time it becomes cheaper so players can afford more

[09:27] {ese} hmmmm

[09:27] {Threei}  if we had dollar volume it would be more objective

[09:27] {ese} yes

[09:28] {ese} seems like it really hit a low at 4:40 yesterday

[09:29] {ese} sorry the day before

[09:29] {Threei}  FTBK, watch for sharp drop at the open

[09:30] {Threei}  if does it, it's a buy

[09:30] {Threei}  not delighted by 3 break at this point

[09:31] {Threei}  WFC, watch for pullback to .60 - .70

[09:33] {Threei}  come on WFC

[09:33] {dino} aipc, ctrp

[09:34] {nemo} lota support at .75 on WFC

[09:34] {nemo} lotta"

[09:35] {ese} am onto aipc dino

[09:36] {nemo} in nomine patre

[09:36] {Threei}  ok

[09:36] {Threei}  watch FAS

[09:36] {Threei}  as a clue for WFC bounce

[09:38] {ese} hmmm aipc number not bad dino

[09:38] {Threei}  .40 cross back long

[09:38] {Threei}  stop under .30

[09:38] {dptl} in

[09:38] {nemo} in

[09:38] {magoo} in

[09:39] {magoo} out .45

[09:39] {magoo} actually .46

[09:39] {nemo} stopped

[09:40] {magoo} + .07

[09:40] {magoo} scalp

[09:40] {fernp} stopped

[09:40] {cosmo} DRYS holding 7 it seems

[09:40] {magoo} i hate drys 

[09:40] {cosmo} sigh... and then i kill it...

[09:41] {dino} aipc double bottom

[09:41] {dino} not sure

[09:42] {magoo} l fas .33

[09:42] {magoo} fast

[09:43] {magoo} no work

[09:43] {magoo} stop

[09:45] {cosmo} TWTC

[09:46] {Threei} Long Setup:  WFC  90 break

[09:46] {Threei}  stop under .75

[09:47] {ese} as long as drys doesn't go below 6.66...it'll be ok to play long cas

[09:47] {ese} cos

[09:47] {magoo} in

[09:47] {dptl} in

[09:48] {nemo} in

[09:48] {ese} man my screens turned red in a hury

[09:48] {dino} sm risky l aipc .86

[09:49] {ese} ya just gonna watch you on this one dino......

[09:49] {Threei}  grrr

[09:49] {dptl} wow ..stopped .69

[09:50] {vinod} not lucky today

[09:50] {dino} day is young

[09:50] {vinod} yes

[09:50] {nemo} stops are blowing right through

[09:50] {dino} aipc good report feels like manipulation to 25 strike

[09:50] {vinod} nemo--Last night my wife said I am dumb trader

[09:51] {nemo} what can I tell you...I'm worse, almost to my daily limit

[09:51] {Threei}  FAS can't find the floor so far

[09:51] {ese} yes...mentioned earlier that i thought the numbers were pretty ood for aipc

[09:52] {fernp} HBAN double bottom?

[09:52] {Threei}  .56 would be HBAN long

[09:53] {fernp} ok

[09:53] {Threei}  DNDN

[09:53] {Threei}  CEO: EXPECTING REGULATORY RISK FOR PROVENGE PROSTATE DRUG TO BE 'LOW'

[09:59] {dino} pnra sm l .50

[10:00] {Threei}  MAY IBD/TIPP ECONOMIC OPTIMISM: 48.6 V 51E

[10:01] {ese} L long drys .08

[10:04] {Threei}  I'll wait for .10 break DRYS

[10:04] {fernp} stopped HBAN

[10:06] {dino} pnra stopped -.35

[10:08] {ese} anyone else long drys

[10:09] {Threei}  will on .10 break, ese

[10:10] {ese} ya....i took the agressive entry......market internals are showing up so i think it will break that way

[10:10] {ese} oppps not anymore

[10:10] {dino} don't feel that

[10:11] {Threei}  yeah, quite questionable so far

[10:11] {dino} thurs. gaps filled

[10:11] {Threei}  last week or so morning pullbacks were sure entries

[10:11] {Threei}  not today

[10:11] {Threei}  look at WFC

[10:12] {nemo} arbitrage plays on finnies?

[10:12] {Threei}  ?

[10:13] {nemo} they all sold stock last week at lower prices.  Those who bought selling this week and taking the difference?

[10:13] {ese} was looking a tick up and trin dn dino

[10:13] {dino} over my head

[10:14] {Threei}  that construct makes no sense to me nemo

[10:14] {nemo} issue prices last week were below end of week highs

[10:14] {nemo} flip out of it

[10:15] {Threei}  "they all" - subscribers?

[10:15] {nemo} What I saw of the issues, they were below market at the time

[10:15] {nemo} Why hang around if you can sell it higher.  THe banks are all garbage

[10:16] {Threei}  mnost of them haven't indicated prices, some said already issued and sold, some said will issue and sell

[10:16] {dino} nemo is correct

[10:16] {nemo} Forgive me if I don't trust what they say

[10:16] {dino} they were above issue price, for traders, not institions

[10:16] {Threei}  so it's all just a speculation

[10:16] {Threei}  they said something

[10:17] {Threei}  we have no idea what of that weasd true

[10:17] {nemo} History is merely a fantasy upon which we all agree

[10:17] {Threei}  how do you structure your trade on that?

[10:18] {ese} that would have been better entry for drys.....higher double botom

[10:18] {dino} i'm not trading finies, but they issued lower, so profit taking, keep it simple.who cares

[10:18] {ese} maybe even tripple botom

[10:19] {nemo} I thought that's what I said Dino :)

[10:19] {Threei}  OK... I must try that... WFC 25 break

[10:19] {Threei}  if uncomfortable stay away

[10:20] {dino} you did

[10:21] {Threei}  invalidated

[10:22] {dino} schw l .80

[10:22] {Threei}  a bit too hectic

[10:24] {dino} schw stop to .92

[10:25] {dino} out +.12

[10:26] {Threei}  GERN HEARING STRENGTH BEING ATTRIBUTED TO TAKEOVER CHATTER

[10:27] {Threei}  OK... in WFC on pullback

[10:27] {Threei}  .93

[10:27] {magoo} in 25

[10:27] {dino} gun to the head, retest lod

[10:28] {Threei}  half out .07

[10:28] {Threei}  stop .89

[10:28] {dino} watching txn, schw, wrld, idcc, pnra (want high50s)

[10:29] {dino} intc at 15ish too

[10:30] {Threei}  out balance

[10:30] {Threei}  can you believe that's all avaliable on bounces

[10:30] {magoo} i got it to high

[10:30] {dino} arst

[10:36] {nemo} recross of 25 vad?

[10:36] {Threei}  can't find a firm footing

[10:37] {dino} txn l .75

[10:38] {dino} idcc gap few days ago around 26.90

[10:40] {dino} cpla

[10:40] {Threei}  how abut that, WFC?

[10:41] {nemo} cooked like kfc

[10:41] {dino} pnra approaching target

[10:41] {nemo} market still heading down

[10:42] {nemo} I'm Magooing it...see if it helps

[10:42] {Threei}  yes, but WFC is not making new lows anymore

[10:42] {dino} give it time

[10:43] {Threei}  if FAS starts upticing, next try is probably in order

[10:44] {ese} drys hangin in there in a basically downward pressure market

[10:44] {nemo} well?

[10:45] {ese} well what?

[10:45] {Threei}  you see how fast it moves/

[10:45] {Threei}  ?

[10:46] {Threei}  there is no way I can give you exact entry

[10:46] {nemo} I magooed it and back wondering if change

[10:46] {magoo} makes RIMM look like tyhe hare'

[10:46] {Threei}  FAS broke 9.10, WFC gave a scalpable move

[10:46] {Threei}  but to play this you have to do it watching them, not me

[10:46] {Threei}  by the moment I'll type it play will be over

[10:47] {Threei}  MGM

[10:47] {Threei}  CEO: DEBT EXCHANGE LESS LIKELY DUE TO RECENT INCREASE IN BONDS

[10:49] {ese} this is an odd pattern for drys.....it's either gonna take off or i'm gonna loose a crap load of money

[10:49] {dino} idcc l ave .18

[10:50] {nemo} had my broken clock moment

[10:50] {ese} how so

[10:50] {nemo} [10:36] {nemo} recross of 25 vad?

[10:51] {nemo} on wfc

[10:53] {Threei}  VNDA... sooner or later this thng will surprise

[10:56] {Threei}  WFC is pulling back

[10:56] {Threei}  25 area is natural support

[10:56] {Threei}  but play it with FAS

[10:59] {Threei}  asnyone got it?

[10:59] {magoo} i did .09

[11:01] {magoo} exit waiting .43

[11:01] {magoo} may be to greedy

[11:02] {magoo} out here .38

[11:02] {magoo} TY vad

[11:03] {magoo} rimm bouncer vad?

[11:04] {Threei}  by its own chart no

[11:04] {Threei}  if NASDAQ starts serious recovery, then RIMM will follow

[11:05] {magoo} worth a shot here imo

[11:05] {magoo} long .27

[11:05] {magoo} aapl trying

[11:07] {magoo} rimm stiopped 

[11:07] {magoo} u win

[11:08] {nemo} bottom fell out

[11:08] {larisa} whats happenning RIMM

[11:09] {Threei}  no news

[11:09] {Threei}  told ya by its own chart it was not good looking

[11:10] {magoo} couldnt have entered worse

[11:11] {nemo} you make me feel better

[11:11] {magoo} like it sucked me in waited for me

[11:11] {nemo} yeah, just like a fiancee

[11:14] {dino} rimm hits 70 strike

[11:14] {ese} what does a wind storm and a divorce in Louisianna have in common?

[11:14] {nemo} no eye deer?

[11:15] {ese} either way ....you loose the trailer!!

[11:15] {nemo} oy weh

[11:15] {magoo} roflol

[11:15] {nemo} no it's worse in the divorce...the bitch gets it

[11:15] {Threei}  US SENATOR DODD: NOTES THERE IS INTEREST IN THE US SENATE TO PLACE A CAP ON US INTEREST RATES

[11:15] {ese} thats the whole idea

[11:16] {magoo} news rimm vad?

[11:16] {nemo} in the storm nobody gets it

[11:16] {Threei}  no

[11:16] {nemo} That is unless she's in the trailer when the tornado hits

[11:16] {nemo} cap interest rates, that should be a mess

[11:16] {ese} now now....it was just a joke

[11:18] {nemo} What do you call a lawyer buried in cement up to his neck?

[11:19] {ese} i knew this one.....go for it

[11:19] {nemo} somebody ran out of cement

[11:19] {ese} ha ha

[11:20] {Threei}  AAPL

[11:20] {Threei}  HEARING DB MAKING CAUTOUS COMMENTS

[11:21] {nemo} should we call this "Turnover Tuesday" Dino?

[11:21] {Threei}  I knoew why market dropped today

[11:21] {nemo} prez on?

[11:21] {Threei}  it was on concerns over miss California losing her title

[11:21] {Threei}  now that she gets to keep it, we should start recovery

[11:21] {dino} out txn .87, +.12

[11:21] {Threei}  WFC is back into support

[11:22] {Threei}  watch FAS for reversal again

[11:23] {dino} lol nemo, day is young

[11:23] {ese} good one vad good one....

[11:24] {ese} the dumb thing is.....that reason is just a valid as some of the other dumb things that make the markets go up and down.

[11:24] {nemo} Well, at least she won't have to worry about drowning.  Doesn't silicone float?

[11:24] {ese} what do you make of this consolidation in drys vad......looks like a page out of your book

[11:25] {Threei}  when it happens in the middle of the range, without pronounced initial move... hard to tell ese

[11:25] {ese} good question....

[11:26] {nemo} fas dropping but WFC up a ta

[11:26] {ese} gotcha.....i'm just preparing just in case it moves against me hard

[11:26] {dino} i=dcc stop to .30

[11:27] {dino} to .35

[11:27] {ese} good one dino......maybe it'll keep goin

[11:28] {dino} idcc

[11:28] {dino} trail tight

[11:28] {dino} to .37

[11:28] {ese} yes....

[11:28] {dino} watching schw again

[11:30] {dino} to .40

[11:30] {dino} bwld

[11:30] {dino} out idcc .40, +.22

[11:33] {ese} nice.... well played

[11:36] {dino} thx

[11:36] {Threei}  WFC starts forming .10 - .20 range

[11:36] {Threei}  if FAS breaks its minirange and repeats march to 10, WFC is likel;y to repeat its march to .50

[11:38] {dino} wrld l .00

[11:51] {Threei} Short Setup: CAT  .50 break if stays below .60

[12:01] {Threei}  GM CEO: COMPANY IS POSITIONED TO EMERGE FROM CRISIS 'STRONGER THAN EVER'

[12:01] {Threei}  - preparing for little or no global economic growth through the end of 2010, but that the Company expects to remain profitable and generate positive cash flow throughout the recession.

[12:01] {Threei}  stronger than ever?

[12:02] {Threei}  really?

[12:02] {nemo} yeah, gotta' love that one

[12:02] {dino}  geoy

[12:04] {dino} remain profitable? they haven't had profits in years

[12:04] {Threei}  so they remain as they were

[12:04] {nemo} The song remains the same

[12:04] {larisa} you guys have bad attitude :)

[12:05] {nemo} Sorry, I remember the US auto products of the 70's

[12:06] {Threei}  you should try USSR auto products of 70's

[12:06] {Threei}  at least then your bad attitude would be justified

[12:06] {larisa} lol

[12:06] {Threei}  even larisa would have to admit your right to it :)

[12:08] {nemo} was cat still good?

[12:08] {Threei}  just touched over .60... kind of discretionary

[12:08] {nemo} little bit pregnant

[12:11] {Threei}  whbo took it feel free to start covering

[12:30] {dino} sm l arst .30

[12:34] {Threei}  VNDA...

[12:42] {dino} bwld l .90

[12:42] {dino} sm

[12:43] {dino} txn l .65

[12:48] {dino} 12:50

[12:48] {dino} usually changesv direction for 20 or so

[12:53] {ese} what does that mean...."sneezing swines may come in now"   what a goffy message

[12:54] {nemo} two weeks ago when swine flu was all the rage, he said they had to stay out

[12:54] {nemo} then last week, I said it's old news, so he changed it to come in now

[12:54] {ese} who is this goof ball?

[12:54] {nemo} this week, he's just been lazy and uncreative

[12:54] {larisa} lol

[12:54] {nemo} Lord Vader

[12:54] {Threei}  sigh

[12:54] {larisa} poor vad

[12:54] {dptl} lol

[12:54] {Threei}  no respect

[12:56] {ese} huh.....vad baby!!!!     tell me it's not you!

[12:56] {Threei}  sorry to disappoint you ese... it IS me

[12:56] {Threei}  I am a goofball

[12:56] {ese} roflol........

[12:56] {nemo} speaking of hairballs, how's the cat?

[12:56] {nemo} 4 legged one

[12:57] {ese} I may never get over this......roflol twice as hard

[12:57] {Threei}  CAT, thought of reshorting on bounce to .50///

[12:57] {dino} schw fills gap

[12:57] {ese} that made my day........vad your the best....!!!

[12:58] {Threei}  ty... now, I need to find couple good trades

[12:59] {larisa} market starts to annoy me

[12:59] {nemo} how about 7 or 8

[12:59] {Threei}  just can't get the read on bounce vs breakdown

[13:01] {dino} geoy

[13:02] {Threei}  more and more feels like bounce

[13:03] {Threei}  GEOY DELAYS QUARTERLY FILING

[13:04] {dino} sm l geoy .30 risky

[13:10] {dino} geoy stopped -.35

[13:12] {Threei} Long Setup:  HBAN  .82

[13:12] {Threei}  stop .75

[13:13] {magoo} in

[13:13] {dptl} in

[13:13] {dawg} in

[13:16] {dino} pcln drop

[13:17] {nemo} 1;1 on hban

[13:18] {Threei}  half out .01

[13:18] {Threei}  .91

[13:18] {Threei}  scaslpers be happy

[13:19] {Threei}  5K little buggers, as ese qwould say

[13:19] {dawg} i am happy ty Vad

[13:19] {dptl} half out .93

[13:19] {nemo} I missed

[13:19] {magoo} out .97 ty vad

[13:19] {Threei}  out .97 another 5K

[13:19] {Threei}  free, free at last

[13:22] {Threei}  ok... one more and the day would start looking much brghter

[13:22] {Threei}  both FTBK and FITB staged the same bounce... just didn't want toplay several similar setups at once

[13:23] {dptl} all out .04 ty

[13:24] {Threei}  nice patience dp

[13:24] {dptl} ty

[13:24] {Threei}  too bad I didn't have 3rd 5K, lol

[13:24] {Threei}  ese... totally your kind of play... tell me you took it

[13:29] {Threei}  I can;'t believe EBAY is actually worth something

[13:29] {Threei}  listen guys, this is beyond belieavable

[13:29] {nemo} oh you're so negative

[13:29] {Threei}  I got myself a new camera

[13:29] {Threei}  and put old one on ebay for sale

[13:30] {Threei}  overa last two weeks I sold it 5 times

[13:30] {Threei}  how, you ask?

[13:30] {Threei}  easy

[13:30] {Threei}  all 5 were fraud

[13:30] {Threei}  5 buyers, no single one is real

[13:30] {Threei}  when real ones bid it, they outbid them

[13:30] {Threei}  or if I put "buy it now" option, they take it

[13:31] {Threei}  how does anyone sell anything over there, beyond me

[13:31] {ese} Hey everyone....have a great rest of the day.....I'll see you tomorrow

[13:31] {Threei}  take carre ese

[13:32] {ese} vad your a hoot

[13:32] {Threei}  I can understand an accident now and then, no one is immune from fraudsters

[13:32] {Threei}  but 5 times in a row?

[13:33] {nemo} I bought my laptop off ebay.  Watched it get bid up beyond all sanity.  Guy sold it...I could tell it was fraud.  Contacted him, telling what I think happened and asked him if he wanted to sell it if it fell through...lived a half hour away.

[13:35] {Threei}  some of fake paypal e-mails are incledibly elaborate

[13:35] {nemo} yeah, it's impressive

[13:36] {nemo} interesting cat, hban, and wfc all had same spike

[13:36] {Threei}  bounce started right when I posted, and is still in progress

[13:36] {Threei}  market did nemop

[13:36] {Threei}  they just followed

[13:36] {Threei}  so did FAS

[13:42] {dptl} cat?

[13:43] {Threei}  don't know

[13:43] {Threei}  I am not ready to start buying breakuts like this

[13:43] {nemo} trend has been down, this is a hiccup so far

[13:44] {dino}  aip[c stop to .84 all day

[13:44] {dino} aipc

[13:45] {dino} stopped +.98

06[13:45] * nemo slaps dino around a bit with a large roll of silver dollars

[13:45] {dino} ouch

[13:48] {dino} layn l .50

[13:51] {nemo} cat making another assault @.70

[13:52] {Threei}  VNDA... I can't find an entry on it for the world of me, but this thing will be 11.50 if not 12 today

[13:56] {Threei}  be back in 20

[13:57] {nemo} Dino, you're in charge

[13:58] {larisa} bought 100K of VNDA, want to retire in the evening :)

[13:59] {dino} vnda stay away imo

[13:59] {larisa} lol

[13:59] {larisa} vad should not say " it will" or at least add"I think" :)

[14:04] {dino} schw l .75

[14:11] {Threei}  everyone knows today what I should or should not say

[14:11] {nemo} huh?

[14:13] {dptl} Vad,is that election day here ?

[14:13] {Threei}  yeah

[14:14] {Threei}  we are underestimated HBAN potential

[14:14] {dptl} ok ty...i was wondering whats up with the ballons everywere lol

[14:14] {Threei}  lol

[14:15] {larisa} I really want to retire.. so i am with you, say away :)

[14:15] {Threei}  you need so little to retire...

[14:15] {jfjf64} im  back   i miss anythin    lol

[14:15] {larisa} right, i am cheap

[14:18] {Threei}  I watched it yesterday, it worked nicely on deep pullbacks

[14:19] {Threei}  notso much on breakouts... but today looks a little bit different

[14:19] {jfjf64} ?? hban

[14:19] {Threei}  where is my dcecoder ring

[14:23] {Threei}  FORMER FED CHAIR GREENSPAN: SEEING 'SIGNIFICANT' INCREASE IN AVAILABILITY OF MONEY; WOULD BE "VERY EASY TO SEE" THE MARKET TO CONTINUE TO IMPROVE

[14:25] {dino} schw to .87

[14:25] {dino} arst to flat

[14:26] {dino} bwld to .20

[14:28] {dino} out schw .89, +.14

[14:28] {jfjf64} nice  dino

[14:28] {dino} out bwld, .17 slip, +.27

[14:29] {dino} ty

[14:30] {Threei}  SOCIAL SECURITY FUND TO BE DEPLETED BY 2032

[14:30] {Threei}  great

[14:31] {Threei}  US TREASURY UPDATE ON MEDICARE AND SOCIAL SECURITY: SOCIAL SECURITY FUND TO BE DEPLETED BY 2032; MEDICARE TO REACH LIMIT BY 2014

[14:31] {nemo} Funny actually...30 years ago I figured I would never see it.  Just a big pyramid scheme

[14:32] {dino} it is

[14:32] {Threei}  - Medicare trust fund insolvent by 2017 v 2019 prior forecast

[14:32] {Threei}  - Social Security Benefits payments to move beyond revenue by 2016 v 2017 prior forecast

[14:34] {Threei}  have they ever published such forecasts?

[14:34] {nemo} Every year

[14:34] {nemo} None this bad

[14:34] {dino} y

[14:35] {dino} "w" wanted to privatize it

[14:35] {nemo} What I love is when LBJ opened up SS Trust fund to fund The Great Society.  Took all the money and left an IOU...or that's What Congress has been doing.  Where were they going to get the money to replace the IOU.....duh!

[14:36] {dino} off balance shhet liability

[14:37] {nemo} Yeah, like a Wall Street Level III asset

[14:37] {dino} y

[14:37] {dino} holx l .11

[14:37] {Threei}  {larisa} you guys have such negative attitude

[14:37] {nemo} facts have a way of being interpreted as negative

[14:38] {dino} pru sm l .45

[14:38] {Threei}  nemo

[14:39] {Threei}  guess what 's happening

[14:39] {dino} it just doesn't matter 3i

[14:39] {nemo} prez speaking

[14:39] {Threei}  not for me, that's for sure

[14:39] {Threei}  right

[14:40] {dino} been this way for my whole life, they will find an acct trick to push it out

[14:40] {nemo} only thing is they've run out of rope outside of cutting programs or raising taxes

[14:41] {dino} well tax increases are coming..... i did not vote democratic

[14:41] {Threei}  "tho problem with socilaism is that sooner or later you run out of other people's money"

[14:41] {Threei}  wow HBAN

[14:41] {dino} democrat i mean

[14:42] {nemo} I gave up on voting...might as well fart in a windstorm

[14:42] {dino} i understand 3i, but what can i do, so it doesn't matter

[14:44] {dino} they will fix it by making you spend down assets prior to collecting

[14:44] {dino} like medicaid for long term care, thats the precedence

[14:44] {Threei}  after taking those 10K on HBAN I should have just fell asleep

[14:45] {Threei}  or faint

[14:45] {dino} in the end everybody has coverage if they are less than 15k in assets, so no uninsured

[14:45] {nemo} you mean medical

[14:45] {dino} medical and welfare

[14:46] {dino} but look how well they managed the medicare, its broke, and now they want it all nationalized

[14:46] {nemo} well, there's the hidden rationing costs in medical.  So many doctors won't take state or medicare patients now

[14:47] {dino} but enough, back to work

[14:53] {Threei}  ok

[14:53] {Threei}  I took some VNDA

[14:53] {Threei}  .80

[14:54] {Threei}  more of a swing trade if not resolving today

[14:54] {Threei}  smallish position

[14:54] {nemo} 10000 of the little buggers?

[14:55] {dino} pru to .75

[14:56] {dino} out pru .90, +.45

[14:56] {jfjf64} that a boy  dinno

[14:56] {dino} arst to .63

[14:57] {dino} out slip, +.27

[14:57] {nemo} looks like stocks want to close even for the day

[14:58] {dino} txn to .77

[14:58] {dino} lol jfj

[14:58] {dino} holx to flat

[14:59] {dino} out txn, +.12

[15:00] {dino} forgot, aipc sm l .00

[15:02] {dino} turnaround tuesday in the making

[15:02] {dino} something like 6 in a row

[15:04] {dino} layn stopped -.236

[15:06] {dino} mygn l .60, stop lod

[15:08] {Threei}  irritating day for me

[15:09] {nemo} yes

[15:09] {Threei}  was on a wrong side in the morning

[15:09] {Threei}  then got a grip on the movement but didn't want to accumulate loses in case I was wrong

[15:10] {Threei}  half out VNDA .96

[15:10] {dino} grinding day here

[15:10] {Threei}  will re0buy it if pulls back

[15:11] {Threei}  or let the remainder trade if breaks 11 and goes

[15:12] {Threei}  anyone went for this trade?

[15:12] {Threei}  aside of larisa who goes for retirement

[15:12] {larisa} all or nofing!

[15:13] {dino} holx out 

[15:13] {dino} +.01

[15:15] {Threei}  US TREASURY ADVISES CHRYSLER THAT NEW SPECIAL BUYOUT PROGRAMS MUST BE COMPLETED BY 5/26

[15:16] {dino} layn last try l .09

[15:17] {magoo} VAD..find me $500 bux and ill sendu pound of bacon

[15:18] {Threei}  mags... VNDA is my play of choice... risky as hell

[15:18] {magoo} am i tooo late?

[15:18] {Threei}  I am in at .80

[15:18] {nemo} I'm done for the day, regroup and see ya' tomorrow

[15:18] {Threei}  take care nemo

[15:24] {Threei}  larisa

[15:24] {Threei}  your retiremenet is getting closer

[15:24] {larisa} I sure hope so!

[15:24] {larisa} see you later :)

[15:24] {Threei}  wow

[15:25] {Threei}  she runs to the bank already

[15:25] {Threei}  new high VNDA

[15:25] {Threei}  fess up guys

[15:25] {Threei}  anyone took it?

[15:27] {Threei}  sigh

06[15:27] * Threei feels so alone

[15:28] {dino} out mygn .80, +.20

[15:29] {dino} layn out .26,+.17

[15:29] {magoo} tanx dino:) mygn

[15:30] {dino} :)

[15:35] {Threei}  in case I forget tomorrow, which is entirely possible

[15:36] {Threei}  lwet's watch COIN for 2.20 break

[15:42] {dino} sell side futes' financials

[15:43] {dino} holx l .00

[15:45] {dino} layn partial l .o1

[15:48] {Threei}  how about new high for the close, VNDA?

[15:48] {Threei}  can you?

[15:50] {fernp} bad day here. no excuses, tomorrow will be a better day :)

[15:50] {fernp} see you all tomorrow. good evening

[15:51] {dino} hang in there fern

[15:51] {Threei}  take care fern

[15:51] {dino} toughie

[15:53] {Threei}  interesting buys go off at COIN

[15:53] {Threei}  see those sizes at .14?

[15:55] {dptl} have a good evening all 

[15:55] {Threei}  taje care dp

[15:55] {Threei}  hurry up VNDA

[15:55] {Threei}  5 min to make new high

[15:57] {dino} out layn .22, +.21

[15:58] {Threei}  yesss

[15:58] {Threei}  new hig

[15:58] {Threei}  high too

[15:58] {dino} aipc overnighting, sm

[15:58] {magoo} good one vad

[15:58] {jfjf64} gj

[15:58] {Threei}  out some more at .45

[15:59] {Threei}  wow

[15:59] {Threei}  had it there for a while

[15:59] {Threei}  still keeping last part for tomorrow

[15:59] {Threei}  almost top-ticked it, .46 high

[16:00] {Threei}  very nice ending by VNDA

[16:00] {dino} hmm, seems holx too

[16:00] {Threei}  (US) FDIC'S BAIR: SEES REASON FOR OPTIMISM WITH BANKING INDUSTRY

[16:00] {Threei}  good

[16:00] {Threei}  let's go up

[16:00] {Threei}  it's more fun

[16:01] {Threei}  okay guys

[16:01] {Threei}  end of the day helped a bit

[16:01] {dino} thx all gotta hop, good times

[16:01] {Threei}  not as bleak as it started

[16:01] {magoo} ty

[16:01] {Threei}  have a good evening, see you tomorrow

[16:01] {jfjf64} good night   all 

May 11 2009

Quiet day. Nice opening with a few strong trades, then long period of stall with two stops. Not much excitment.

Session Time: Mon May 11 00:00:00 2009

[07:58] {magoo} morning

[07:59] {nemo} is it? :)

[07:59] {magoo} yup

[08:07] {Threei}  I'll have to confirm the astute observation by magoo - it IS morning

[08:07] {Threei}  05/09/09 05:01pm

[08:07] {Threei}  Govt promises US stress tested banks they may not have to raise the $74.6B of fresh capital mandated - FT citing sources

[08:07] {Threei}  - FT reports bank sources say that the govt has given quiet assurances that the banks can offset some of the $74.6B in mandated capital raise """"""""if earnings over the next six months outstrip regulators' forecasts."""""""" 10 of the 19 stress testd banks are required to raise capital, but were privately told that if operating profits in Q2 and Q3 are better than the stress test forecast, they will receive credit for the difference, thus reducing the need for raising capital from share issues or asset sales. The banks will still be required to submit capital raising plans for the full amount required within 28 days, and will not be allowed to assume earnings will surpass the stress scenario. A Fed official declined to comment on the report that the 10 banks would be able to get credit for exceeding earnings projections.

[08:07] {nemo} not in Australia

[08:07] {nemo} Well, that's a given...buy banks

[08:08] {Threei}  look at FITB

[08:08] {nemo} Is it at 20 yet

[08:08] {Threei}  and HBAN

[08:15] {Threei}  (US) FHA DIRECTOR LOCKHART: POSITIVE SIGNS EMERGING IN REAL ESTATE

[08:15] {Threei}  {FRE FNM SHY }

[08:15] {nemo} What?  They've stopped bulldozing unfinished homes?

[08:21] {magoo} wwwwwaaaaaaaaazzzzzzzzuuuuuuuuuppppppppppp vad?

[08:21] {Threei}  nothing much... how's yor ankle?

[08:22] {magoo} same..ty

[08:30] {magoo} see anything pre mkt vad?

[08:30] {Threei}  FITB, HBAN, FAZ

[08:38] {pita} morning all

[08:38] {Threei}  pita :)

[08:42] {larisa} good morning :)

[08:42] {Threei}  larisa :)

[08:47] {dino} gm all

[08:48] {Threei}  dino :)

[08:48] {nemo} dino :)

[08:48] {dino} cf bid increased to 85; 40 in cash

[08:48] {dptl} good morning all

[08:49] {Threei}  dp :)

[08:53] {fernp} good morning everybody

[08:53] {Threei}  fern :)

[08:57] {Threei}  AIG

[08:57] {Threei}  REPORTEDLY REACHES AGREEMENT TO SELL TOKYO HEADQUARTERS TO NIPPON LIFE FOR APPROXIMATELY $1.2B

[08:57] {Threei}  - Note: Back on May 4, it was reported that the co. was near an agreement to sell HQ in Japan for about $1B - WSJ

[09:07] {ese} good morning

[09:07] {Threei}  ese :)

[09:07] {nemo} ese :)

[09:11] {patience} good morning RT  :)

[09:12] {ese} well.....whats lookin good

[09:12] {Threei}  patience :)

[09:12] {ese} well....whats looking good

[09:12] {ese} patience is looking good

[09:13] {Threei}  FITB pulled back into close

[09:13] {ese} ahhhhhh  ha

[09:13] {cosmo} ANDS?

[09:13] {vinod} good morning

[09:13] {Threei}  vinod :)

[09:13] {Threei}  06:38am [ANDS] ThinkPanmure Raised ANDS to Buy from Accumulate, price target: $6

[09:14] {cosmo} thx:)

[09:16] {Threei}  premarket gamblers may try FITB .60 break if stays above .50

[09:16] {ese} gotta figure fitb has topped a little

[09:17] {cosmo} ANDS pre mkt high = 2.55 fwiw

[09:17] {Threei}  went to 9.2 earlier ese

[09:17] {Threei}  so there should be a bounce somewhere

[09:17] {nemo} it's that "somewhere" that has me concerned :)

[09:17] {cosmo} at the bank, maybe?

[09:20] {chinggis} gm all

[09:21] {Threei}  chingggis :)

[09:22] {pita} do you see a premkt C&H on DRYS?  thoughts?

[09:22] {dino} i think drys is issuing more shares

[09:23] {nemo} yep

[09:23] {nemo} lots

[09:24] {jfjf64} mornin all

[09:24] {Threei}  jf :)

[09:30] {patience} ese, please see dcc

[09:30] {Threei}  FITB, watching for pullback again

[09:31] {magoo} wow

[09:32] {Threei}  a bit too hectic at the bottom, didn't give indication

[09:33] {ese} i wouldn't know where to get in at this point

[09:33] {magoo} cat vad..any read?

[09:34] {magoo} missed

[09:34] {Threei}  not yet

[09:34] {Threei}  let it establish something more readable

[09:34] {Threei}  let's say another pullback, not too deep, then break of 39

[09:35] {nemo} what? 5 minutes isn't a trend? :)

[09:36] {Threei} Long Setup:  FITB  .10 break if holding above 8

[09:37] {dptl} in

[09:37] {nemo} i

[09:37] {magoo} in

[09:37] {fernp} in

[09:39] {Threei}  half out

[09:39] {fernp} out ty

[09:39] {Threei}  scalpers take profit

[09:39] {nemo} out

[09:39] {magoo} out .26 TY vad

[09:39] {ese} nice boys and girls

[09:39] {pita} out ty

[09:39] {Threei}  out in full.37

[09:40] {jfjf64} ty   VADDD

[09:40] {magoo} nice exit vad

[09:40] {Threei}  missed CAT .50 re-cross

[09:40] {dptl} out fitb +.10 +.17 +.25  ty

[09:40] {tomg} ty vad

[09:40] {Threei}  welcome guys

[09:40] {magoo} lets watch cat

[09:40] {ese} wow...

[09:40] {magoo} bouncer

[09:40] {jfjf64} nice   read    

[09:40] {fernp} nice play FITB Vad

[09:41] {Threei}  CTIC?

[09:41] {Threei}  don;'t see news

[09:41] {magoo} futes getting pounded

[09:43] {dino} mygn sm l .00, stop lod

[09:43] {magoo} do not look FITB

[09:44] {Threei} Long Setup:  LVS  10 break if holding above .90

[09:45] {magoo} market rotting here

[09:46] {magoo} CAT bounce vad?

[09:47] {Threei}  not sure

[09:47] {Threei}  what's with DNDN again?

[09:47] {magoo} oh oh

[09:47] {ese} L faz .89

[09:48] {Threei}  HIG serious dump'

[09:48] {jfjf64} lvs  invalid ??

[09:48] {Threei}  yes!!

[09:48] {jfjf64} ty boss

[09:48] {Threei}  sure thing

[09:48] {Threei}  just don't yell at me that early in the morning

[09:48] {Threei}  I am especially easily scared

[09:49] {nemo} mmmmhhhh...tck taking it on the chin

[09:49] {jfjf64} never  ya da MAN

[09:50] {Threei}  FITB is holding amazingly well

[09:50] {nemo} I thought the "yada" man was Seinfeld?

[09:50] {dino} out mygn .37, +.37

[09:51] {pita} nice dino

[09:51] {Threei}  squeeze candidate... risky

[09:52] {dino} ty

[09:52] {Threei}  wow DRYS

[09:53] {dino} too tight

[09:53] {Threei}  FITB squeeze starts

[09:54] {jfjf64} squeeze???

[09:54] {jfjf64} what  chapter  that   lol

[09:55] {Threei}  this is chapter describing shorts being waterboarded

[09:55] {Threei}  let's see if we get DRYS double bottom

[09:55] {Threei}  .70 support so far,

[09:56] {Threei}  want to see it losing .80

[09:56] {Threei}  pausing, then re-crossing .80 while never jeopardizing .70

[09:57] {nemo} does .90 become break?

[09:57] {Threei}  alternatively .90 break

[09:57] {Threei}  with stop under .80

[09:57] {Threei}  more risky

[09:57] {ese} out faz .86 -.03

[09:58] {ese} not sure of direction now

[09:59] {Threei}  FITB goes to 9 and higher

[09:59] {magoo} i whacked FITB from your squeeze comment .75 to .89 boss TY

[10:00] {Threei}  welcome

[10:00] {Threei}  no technical read to this kind of movements,

[10:00] {Threei}  it's a momo

[10:00] {Threei}  either you feel it or stay away

[10:00] {Threei}  risk is enormous

[10:00] {magoo} yea

[10:00] {Threei}  (and of course you know magoo is right there, like bee on hiney)

[10:00] {Threei}  honey too

[10:00] {nemo} fly to sh..

[10:01] {Threei}  I'll leave that one between you and magoo

[10:01] {dino} online ed's w/luv today

06[10:01] * nemo slaps magoo around a bit with a large cow pattie

[10:01] {dino} tele's too

[10:02] {nemo} magoo dcc

[10:03] {ese} interesting movement between faz and fitb.......both going up...something wrong there

[10:03] {nemo} no, many other financials tanking

[10:04] {dino} lots of banks issuing shares

[10:04] {magoo} like homo on hiney vad???NOT GOOD lol

[10:04] {nemo} oh jeez janitor!

06[10:05] * magoo slaps laserdave around a bit with a large trout

[10:05] {Threei}  LLTC...

[10:05] {Threei}  I love daily, sits on two days breakout

[10:05] {Threei}  but I hate the way this one acts on brewaks

[10:06] {Threei}  tends to shake out much more often than I'd like

[10:06] {Threei}  lwet's be smart and see if it fakes the breakout, then shakes hard

[10:06] {dino} whats w/the w's

[10:06] {Threei}  stops people out, drops into support and gives us a chance to enter

[10:07] {Threei}  and if it breaks and works, then we wil have outsmarted ourselves

[10:07] {dino} schw l .99

[10:08] {Threei}  if you took DRYS on that .90 break, feel free to exit as you see fit

[10:08] {Threei}  hard to tell whether it has potential to break 7 or it just dies on the vine

[10:08] {dino} holx l .09

[10:09] {Threei}  anyone has any inheritance coming?

[10:09] {Threei}  (US) WHITE HOUSE OFFICAL: WILL PROPOSE NEW LEGISLATION FOR ESTATE TAXES, SEEKING TO RAISE $60B IN 10-YR PERIOD

[10:10] {patience} translation:  they need more money to give away to banks

[10:11] {dino} actually good for life insurers

[10:11] {nemo} annuities?

[10:11] {dino} life

[10:12] {dino} estate plans funded w/life

[10:12] {nemo} o.k.

[10:12] {Threei}  - Will seek to close other tax loopholes regarding estate taxes

[10:12] {fernp} FITB pullback, Vad?

[10:12] {Threei}  there go insureres too, lol

[10:12] {nemo} loopholes..hehehehe

[10:12] {Threei}  I am watching it fern

[10:12] {fernp} ty

[10:12] {Threei}  .80 level is tempting but a bit too obvious

[10:13] {nemo} pru bottoming

[10:13] {ese} could someone tell me what FAS is again

[10:13] {nemo} 3x long financials

[10:13] {ese} opposite of FAZ?

[10:13] {nemo} eqzaktly

[10:13] {Threei}  yes

[10:13] {dino} bwld sm l .50, stop lod

[10:13] {ese} tks

[10:13] {Threei}  I am so proud of nemo's spelling

[10:13] {nemo} ty

[10:14] {Threei}  speaks to my power of persuasion

[10:14] {nemo} should kill my editing career

[10:14] {ese} me thinks financials have topped out.....still looking to go long faz at .90/.91

[10:14] {nemo} tarry not too long ese

[10:15] {dptl} cat?

[10:15] {dino} scanner all green

[10:15] {ese} tarry?

[10:15] {nemo} linger

[10:16] {nemo} hang around

[10:16] {Threei}  CAT, I'd be much more confortable with drop into .20-.30 zone

[10:16] {dptl} ok ty

[10:16] {Threei}  .50 break is possible as a play

[10:16] {nemo} lvs faked us out

[10:16] {Threei}  I am just not inclined to take it personally

[10:18] {cosmo} ONNN hod = 5.85 fyi

[10:18] {dino} bwld tighten to .37 not moving

[10:18] {magoo} PRU bounce time vad?

[10:19] {Threei}  I'd think so

[10:19] {Threei}  a bit too jumpy

[10:19] {dino} make it .46

[10:19] {Threei}  so keep shares small

[10:19] {Threei}  went 20 cents from the moment I wanted to type break of .10

[10:19] {Threei}  better let it pull back

[10:20] {Threei}  LLTC, we did outsmart oursleves

[10:20] {Threei}  successfully

[10:20] {nemo} who's we?

[10:20] {nemo} you told me not to think

[10:20] {dino} spike

[10:21] {magoo} darn CAT..sytalking all morn and missed move

[10:22] {Threei}  I am actually amazed you didn't take that .50 break I spoke about

[10:22] {dino} to .88 bwld

[10:23] {dino} to .98

[10:23] {dino} holx to .20out bwld .95 slip, +.35

[10:23] {dino} .45 i mean

[10:24] {dino} holx to .23

[10:24] {dino} out holx .23, +.14

[10:24] {Threei}  here is PRU pullback

[10:25] {Threei}  and CAT

[10:26] {dino} backing off drop coming gut says

[10:26] {nemo} backing off, drop...   or backing off drop?

[10:27] {dino} guess not, see what happens when i lose weight, throws off gut feel

[10:27] {Threei}  lol

[10:27] {nemo} hahahahahha

[10:28] {Threei} Short Setup: RIMM  half lot .50 breakdown

[10:29] {dino} right after all

[10:29] {nemo} in

[10:29] {dptl} in rimm

[10:30] {dino} afam drop, gap around 29.25

[10:30] {Threei}  half out or scalp here

[10:30] {Threei}  over 15 cents drop in one second

[10:30] {dino} schw to b/e

[10:31] {dino} stopped

[10:31] {Threei}  those who took half, look to cover the rest under .20

[10:31] {Threei}  there you go

[10:31] {Threei}  you are on your own from here, me is done

[10:32] {Threei}  sheesh... tell me you have covered

[10:32] {nemo} yeah

[10:32] {dino} gj

06[10:32] * Threei slaps dptl and nemo with stress test results

[10:33] {dptl} lol...all out trying figure out how much lol so fast

[10:33] {Threei}  cry me a river

[10:34] {dptl} oh covered .37 and .22 ty

[10:34] {Threei}  welcome... sorry I made you do hard math

[10:34] {nemo} pru breakdown?

[10:34] {Threei}  I'll try to refrain in the future

[10:35] {nemo} too late

[10:35] {Threei}  yeah... way too volatile

[10:35] {Threei}  every time I look at it, it does something faster than I can typer alert

[10:35] {nemo} neural implant

[10:35] {dptl} i just had few bids waiting to cover and got filled all at ones ,almost 

[10:36] {Threei}  and what's the point? if it's THAT fast, how re you going to trade it?

[10:36] {nemo} mags can

[10:36] {Threei}  GSA

[10:36] {Threei}  MASSACHUSETTS AG TO HOLD PRESS CONF AT 1PMET TO DISCUSS MULTI-MILLION DOLLAR SETTLEMENT WITH GOLDMAN OVER SUBPRIME LOANS

[10:36] {nemo} BFD!

[10:36] {ese} Vad....tell me what you think of the FAZ 1 min chart......all heck is going to break out one way or the other i think

[10:37] {ese} interesting consolidation

[10:37] {Threei}  yes ese... question is, which way :)

[10:37] {ese} ya

[10:37] {Threei}  'cause when all hell breaks loose, last thing you want is to be on the wrong side

[10:37] {nemo} interesting consolidation on fas, wouldn't you say ese?

[10:37] {Threei}  look how strong market is

[10:38] {Threei}  remember our discussion of the trap mechanics last week?

[10:38] {ese} more so on FAZ nemo...tighter range

[10:38] {magoo} cant remember

[10:39] {nemo} or is that because of difference in share price ese?

[10:39] {nemo} they're the inverse of each other

[10:39] {dino} titn l .80 stop .69

[10:39] {ese} hmmmmm don't know.....

[10:39] {ese} possibly

[10:40] {nemo} $5 stock with a .05 range, or $11 with a .10 range

[10:40] {Threei}  quite a divergence between NASDAQ and Dow lately

[10:40] {nemo} about the same

[10:40] {nemo} yeah, but techs were taken down last week for the finnies

[10:44] {jfjf64} wow  lvs

[10:45] {dino} layn sm l .30, stop .99

[10:47] {Threei}  MGM now

[10:50] {dino} layn stopped -.31

[10:51] {Threei}  if you are up to a little gamble

[10:51] {nemo} Mags...

[10:51] {Threei}  MGM, half lot arounf 13 on the necxt pullback

[10:52] {Threei}  (pun intended)

[10:52] {nemo} break of 13 after next pullback?

[10:52] {Threei}  first strength from here

[10:52] {Threei}  yeah

[10:53] {dino} syna

[10:53] {dino} fwlt

[10:53] {dino} darn schw, chickened out on  it

[10:55] {ese} i'm still watchin schw

[10:56] {dino} we are late

[10:56] {ese} ya am getting that sense

[10:57] {ese} hban new high

[10:59] {Threei}  HBAN and FITB take turns squeezing

[11:00] {nemo} rimm about to break support?

[11:00] {nemo} or basing?

[11:01] {Threei}  neither

[11:01] {Threei}  HBAN pullback to 6 deserves a try

[11:02] {dino} txn l .25

[11:05] {Threei}  NY FED:PURCHASED $3.51B IN $300B OUTRIGHT COUPONS PURCHASE; DEALERS SUBMITTED $10.42B FOR CONSIDERATION (BID TO COVER 2.97)

[11:05] {Threei}  - Heaviest purchase was $675M for the 08/15/27 maturity

[11:05] {Threei}  - Note: avg bid to cover for prior four auctions is 4.02{TLT SHY IEF}

[11:07] {ese} wasn't one of you in SQNM

[11:08] {ese} that was an fitb type move

[11:08] {dino} psys

[11:08] {Threei}  BAc CEO: CAN 'SEE THE LIGHT' WITHIN 2 TO 3 QUARTERS - CONF COMMENTS

[11:08] {vinod} sory to bother you bad ZOOM is zooming?

[11:09] {Threei}  we played SQNM recently

[11:10] {Threei}  you are not swriously considering playing $2 stock with 70 cents spread, vinod? :)

[11:11] {vinod} no, it just came in my radar

[11:11] {ese} ahhhhhh no

[11:11] {ese} thought you were talking to me

[11:12] {jfjf64} hban?

[11:12] {Threei}  6 break long

[11:12] {vinod} in

[11:13] {Threei}  MGM over 1:1

[11:13] {nemo} didn't break six yet vinod

[11:13] {Threei}  nemo, feel free to exit

[11:13] {dptl} in hban

[11:13] {dino} titn to .92

[11:14] {dptl} stop .97?

[11:14] {Threei}  I don't underdtand this at all, dp :)

[11:14] {Threei}  not only it hasn't broken 6 yeat,

[11:14] {Threei}  it also bottomed at .97 for now

[11:15] {dino} txn to .37

[11:15] {Threei}  why would you want to have such weird stop

[11:15] {Threei}  at least it has to be .96

[11:15] {fernp} missed

[11:16] {dptl} ok ty out .05

[11:16] {vinod} o.k stop is at 5.96

[11:16] {Threei}  you have your 1:1, dp... whatever money it brings you, lol

[11:16] {dptl} lol

[11:16] {Threei}  MGM 1:2

[11:18] {Threei}  vinod... have you bought it fir just a small scalp?

[11:19] {Threei}  'cause if not, .96 is too tight stop, and if yes - you already had over 1;1

[11:19] {vinod} yes , only 1kand little jumpy--i am?

[11:20] {Threei}  what I mean is... all the elements of a trade must be aligned

[11:20] {Threei}  if that was scal, as your stop placement indicates, why are you still in?

[11:20] {Threei}  scalp

[11:20] {vinod} o.k boss. will follow

[11:20] {Threei}  if that eas a trade for bigger profits, why is stop placed in a scalping fashion

[11:20] {Threei}  see what I mean?

[11:21] {Threei}  if you try bigger trade with scalping type of a stop, you will be shaken all too often

[11:21] {dino} out txn .39, +.14, out titn slip .90, +.10

[11:22] {dptl} was it even riskier this time after that first bounce off 6?hban

[11:23] {Threei}  second time is usually more or less doable

[11:23] {Threei}  third, I wouldn't do it

[11:24] {Threei}  but it also depends on what it did between them

[11:24] {Threei}  can't answer that without a lot of ifs and buts

[11:25] {vinod} out 6.07 thanks for advise

[11:25] {dptl} ok ty...

[11:28] {dino} isle

[11:31] {Threei}  HBAN 1:1 for daytraders with stop under .90

[11:36] {ese} l sqnm .62

[11:36] {ese} out 1/2 .69

[11:36] {dino} i thought daytrading was outlawed

[11:37] {Threei}  only profitable kind dino

[11:37] {Threei}  powers thast be have no problems with losing daytraders

[11:37] {ese} it is......the way you make money dino should be against the law

[11:42] {dino} ahhh c'mon

[11:43] {dino} vnus

[11:43] {dino} nah

[11:44] {pita} adios amigos

[11:44] {dino} feels like retest lod in making

[11:44] {chinggis} DRYS buyable now vad?

[11:44] {fernp} nos vemos pita

[11:44] {dino} cya pita

[11:45] {Threei}  don't see anything readable on it chuingis

[11:45] {chinggis} ok ty

[11:47] {dino} thurs. gaps 8408 dji; 907 s/p

[11:49] {magoo} WFC highs..man-o-man

[11:52] {dino} layn sm l .80

[11:55] {dino} vnda

[11:58] {jfjf64} stupid  question     im i on  server   

[11:59] {larisa} you are

[11:59] {Threei}  I need to ponder this one jf

[11:59] {jfjf64} ty larissa   always  can  count  on  ya

[11:59] {jfjf64} lol  vad

[12:01] {Threei}  WFC

[12:01] {Threei}  sharp pullback

[12:01] {jfjf64} y

[12:02] {Threei}  GM BONDHOLDER COMMITTEE: 10% EQUITY OFFER MUST BE IMPROVED 'MATERIALLY'

[12:02] {Threei}  yeah right

[12:02] {Threei}  watch for white house now to come out and put label "anti-american" on those disgusting speculators

[12:04] {Threei} Long Setup:  WFC  .05 break if stays above .95

[12:05] {Threei}  change of plans

[12:05] {Threei} Long Setup:  WFC  28 break if stays above .90

[12:06] {dino} and w/gm saying they are going to import small cars, not build them in usa

[12:06] {dino} ironic huh

[12:06] {nemo} in

[12:07] {Threei}  sure... jobs should be created here, right?

[12:07] {dptl} in

[12:07] {dptl} .01

[12:07] {Threei}  unless it's your buddy who creates them

[12:10] {dino} his unamerican to bondholders, but hey screw the workers and build them in other countries, see basically anti-investment

[12:12] {nemo} big slip

[12:12] {Threei}  no worky

[12:12] {fernp} stopped

[12:12] {dptl} stopped

[12:12] {nemo} stopped .10 slip

[12:15] {dino} eyes on wrld

[12:17] {Threei}  VNDA full of determination

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

[12:21] {magoo} obama to speak cnbc

[12:21] {ese} out full sqnm .73 

[12:22] {ese} +.21 5k

[12:22] {dino} gj

[12:23] {ese} tks

[12:23] {dino} you're crushing w/size

[12:24] {ese} ya but was in to long on this one....would have liked a shorter time frame

[12:25] {dino} lol, sometimes they take all day w/my stle

[12:26] {dino} style

[12:26] {ese} I like your style.........hard to dupe

[12:27] {ese} takes your gut feel

[12:27] {Threei}  http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[12:29] {ese} whos bill cara?

[12:30] {ese} also....i don't see anything about free Rum.....whats that all about?

[12:35] {nemo} db on wfc?

[12:35] {magoo} i wouldnt

[12:35] {nemo} asking not acting

[12:36] {Threei}  prez on tv

[12:36] {nemo} short everything

[12:44] {Threei} Long Setup:  RIMM  .70 break if stays above .50

[12:48] {nemo} in

[12:49] {nemo} stop @ .50?

[12:50] {Threei}  for a daytrade

[12:50] {Threei}  for a scalp, under .60

[12:51] {Threei}  market tripped of something

[12:51] {nemo} damn

[13:01] {Threei}  WINDOWS 7 RELEASE ANTICIPATED FOR HOLIDAY SHIPPING SEASON

[13:01] {Threei}  - In addition, Windows Server 2008 R2 Release Candidate (RC) is available today with the final product releasing to market in the same timeframe as Windows 7.

[13:13] {magoo} wwwwwwwaaaaaaaaaaaaaaaaaazzzzzzzzzzzzzzzzuuuuuuuuuuuuuuuuuuuppppppppppppppppp???????????????????/

[13:14] {Threei}  sigh

[13:15] {magoo} remember that bud commercial?

[13:19] {nemo} was there news on rimm?

[13:19] {Threei}  just moved with market

[13:34] {Threei}  something inteersting is brewing on VNDA

[13:38] {dino}  out layn .35 +.55

[13:38] {dino} took hours

[13:39] {larisa} gj

[13:40] {dino} ty

[13:41] {dino} wrld stop to .22, brb

[13:43] {Threei}  see that big offer on VNDA by EDGX?

[13:44] {nemo} yeha

[13:44] {Threei}  my feel is, once it's takenb VNDA is off to races

[13:44] {Threei}  WHITE HOUSE OMB DOCUMENT STATES OPTIONS FOR THE GSES INCLUDE WINDING THEM DOWN

[13:44] {Threei}  {FRE FNM}

[13:44] {Threei}  OMB?

[13:46] {nemo} Office of Management and Budget

[13:47] {Threei}  ty

[14:04] {magoo} we in anything?

[14:05] {jfjf64} zzzzzzzzzz

[14:07] {Threei}  VNDA tempting drop

[14:09] {Threei}  missed

[14:15] {dino} out wrld .38, +.28

[14:21] {magoo} .

[14:25] {Threei} Long Setup:  VNDA  .80 break if holding abogve .70, half lot

[14:30] {magoo} is that valid

[14:31] {Threei}  are you OK with wider stop?

[14:31] {dino} not much jumping out at me

[14:32] {magoo} no

[14:32] {Threei}  then no

[14:32] {magoo} no what?

[14:35] {dino} don't know

[14:36] {Threei}  asylum...

[14:47] {Threei}  I wonder if FTBK is FITB/HBAN younder brother

[14:49] {vinod} younger sister--no descrimination here

[14:49] {chinggis} any read on ISIL vad?

[14:49] {Threei}  or that

[14:50] {Threei}  not really

[14:50] {chinggis} ok 

[15:00] {Threei}  if you are up to little gambling,

[15:00] {Threei}  FTBK 2.72 break

[15:02] {dino}  mkt dropping

[15:17] {magoo} waaaaaaa...........zuuuuuuuuup?

[15:18] {magoo} mgm nuts

[15:19] {Threei}  yeah, LVS is more tame one today

[15:28] {Threei}  MEREDITH WHITNEY: POSITIVE MOMENTUM IN FINANCIALS IS NOT BASED ON ANY FUNDAMENTAL IMPROVEMENTS - CNBC INTERVIEW

[15:28] {Threei}  - Underlying earnings power of the banks is still negligible; financial stocks are "grossly overvalued."

[15:28] {Threei}  - Continues to expect a "massive contraction" in consumer liquidity.

[15:28] {Threei}  - Some of the banks have business models that will "never come back."

[15:28] {Threei}  - reiterates she believes that many of the financial firms will need to raise capital again in the future.

[15:29] {nemo} Besides that Mrs. Lincoln...

[15:31] {vinod} means days for FAS is over and FAz begans

[15:32] {dino} sm l fwlt .24

[15:34] {Threei}  I don't know vinod

[15:34] {Threei}  seems too simple to me

[15:34] {dino} he's a daytrader in this room

[15:34] {Threei}  everyone and their brother know we will pullback

[15:35] {Threei}  lol dino

[15:35] {dino} every now and then i get a chuckle

[15:35] {vinod} vad-you said few days ago pull back coming?

[15:35] {Threei}  we had some, but it was quite shallow

[15:36] {dino} gaps dji 8408, s/p 907

[15:36] {nemo} very light volume

[15:36] {Threei}  and now we are consolidating without much drop

[15:36] {dino} way below lots of gaps

[15:36] {Threei}  and on light volume, yes

[15:36] {Threei}  but the most important factor is:

[15:36] {nemo} The Spanish Inquisition?

[15:36] {Threei}  no person on a planet thinks or says "long"

[15:36] {magoo} STOP

[15:37] {magoo} I DO

[15:37] {Threei}  everyone says pullback

[15:37] {magoo} ask laser

[15:37] {Threei}  OK... magoo is the only lunatic who thinks long

[15:37] {dino} hmmm, thinking the dip buyers have been buying or we'd be alot lower

[15:37] {magoo} really

[15:37] {Threei}  so I must ask myself

[15:37] {magoo} see...mkts not letting those cautious who missed out..in

[15:37] {nemo} "self?"

[15:37] {Threei}  who is buying, and most importantly

[15:38] {Threei}  how can "everyone" be right?

[15:38] {Threei}  who is "everyone" going to take money from?

[15:38] {dino} every sell has a buy

[15:38] {magoo} i though every buy had a sell dino

[15:38] {dino} the public is buying, friends are talking again

[15:39] {magoo} dino?

[15:39] {Threei}  if you say "there is a silent group of players that identified this opportunity to once again take money from the crowd, and that group buys without much noise" - this I can uncerstand

[15:39] {dino} but...tomatoe, tomato

[15:39] {nemo} tomahto

[15:39] {magoo} i thought it was potatoe..potatt-oe ..dino??

[15:40] {nemo} Kartoffeln, nicht wahr K?

[15:40] {Threei}  scenario we discussed a week ago, vinod, was:

[15:40] {dino} not bad as in bad magoo, bad as in good

[15:40] {Threei}  run up into stress tests results, spike, sharp drop

[15:40] {Threei}  we did have run up,

[15:40] {Threei}  no spike,

[15:40] {Threei}  in fact, slight retreat just before,

[15:40] {nemo} in finnnies

[15:41] {vinod} yes, thanks for it. i am doing good base on it have 500 srs from friday at 19.80

[15:41] {Threei}  then aimless wandering around these levels

[15:41] {Threei}  and "pullback" noise from literally everywhere

[15:41] {magoo} weird day..it feels up to me

[15:44] {dino} swchw l .04

[15:44] {nemo} huh?

[15:44] {dino} schw

[15:46] {dino} pcln

[15:53] {magoo} MGM pummelled

[15:55] {Threei}  if we had more time I'd be interested in such drop

[15:56] {magoo} were we red or green friday?

[15:56] {Threei}  depends on the market

[15:56] {Threei}  they all move in different directions

[15:57] {dptl} ....have a good evening all  :)

[15:57] {Threei}  take care dp

[15:58] {Threei}  okay guys, thank you all

[15:58] {Threei}  have a good evening, see you tomorrow

[15:58] {nemo} gnite

[15:58] {larisa} bye

[15:59] {jfjf64} later all

[15:59] {fernp} good evening all

[15:59] {vinod} good evening

[15:59] {dino} out schw -.02, put fwlt -.09