May 19 2009

Not much happened for the day as a few nice wins were balanced out and slghlty overcome by stops. A lot of churning in the market

Session Time: Tue May 19 00:00:00 2009

[08:13] {magoo} morning 

[08:13] {nemo} hi mags

[08:15] {magoo} nemesis:)

[08:15] {nemo} mags dcc

[08:16] {magoo} nope lol

[08:17] {nemo} expensive?

[08:20] {ese} good morning

[08:20] {nemo} hey essay

[08:21] {ese} nemo....how it goin

[08:21] {nemo} breathing...pulse...coffee...bagel...so far so good

[08:22] {ese} too funny.......i hear ya

[08:22] {nemo} ran out of vodka last night though

[08:23] {ese} have vad fly some in......it's part of this service i think

[08:23] {nemo} didn't know that...hey VAD!!!

[08:30] {nemo} vad, news on EJ?

[08:31] {ese} what ej nemo

[08:31] {ese} whats

[08:31] {nemo} earnings release it popped big this morning

[08:33] {patience} good morning guys  :)

[08:34] {ese} morning patience......

[08:34] {ese} it's raining over here by the water

[08:34] {patience} stopped here, will be running in an hour so make it stop there ese    :)

[08:35] {ese} was gonna say....still going out for a run

[08:35] {Threei}  Good morning

[08:35] {ese} will do.....your wish is my command

[08:35] {Threei}  05/19/09 06:40am

[08:35] {Threei}  [EJ] E-House China Holdings - ADS Reports Q1 $0.11 v $0.05e (ex items), R $32.8M v $32.2Me

[08:35] {Threei}  - Guides Q2 Rev $49-51M v $38.3Me

[08:35] {ese} morning vad

[08:35] {patience} yup, down 64 pounds now ...one year anniversary yesterday

[08:35] {ese} thats fabulous

[08:35] {ese} any particular diet

[08:36] {patience} ty, and none...just walking or running every day

[08:38] {ese} Ok ....rain has now stopped patience.....your all clear here...birds chirping...what else would you like

[08:38] {patience} winning trades while i'm out exercising   :)

[08:39] {ese} OHHHHHH VADDDD?  patience would like............

[08:39] {Threei}  FAS is dropping fast

[08:40] {nemo} saw that

[08:40] {ese} is it ever

[08:41] {nemo} wow CEO up almost 30%

[08:41] {ese} ii don't see any news anywhere

[08:41] {nemo} it's the Chinese oil company

[08:42] {ese} hmmm130 to 158

[08:42] {nemo} probably reaction to India yesterday and  the breaching of the $60/barrel today

[08:43] {ese} now quoting 131 to 137....recipe for loosing money

[08:43] {nemo} yeah...great to be an investor

[08:48] {ese} don't know if anyone has asked this but....FAZ is bound to hit "0"    what happens when that happens...re calibrate that index??  set it higher??

[08:49] {nemo} world ends

[08:49] {ese} ahhhhhh

[08:49] {cosmo} the end of the dollar?

[08:49] {ese} Does that index cease to exist?

[08:49] {nemo} I don't know the exact mechanics, but these ultra etfs are recalibrated every night

[08:50] {ese} every night?   how so and why?   i don't understand

[08:51] {nemo} They're designed as short-term trading vehicles.  I don't understand the exact mechanics, but that is what happens

[08:51] {ese} as hedges against existing positions

[08:52] {ese} like trading the S&P futures i would imagine

[08:53] {nemo} that would make sense.  They hold a combination of underlying stocks and options on those stocks.  I'm not sure any of these can go to zero.  It's probably an asymptotic dynamic as you get closer to zero.  Also, volatility, or lack there of is a factor in the price of the issue because volatility affects the price of the options

[08:55] {dptl} good morning all

[08:55] {Threei}  dp :)

[08:55] {ese} morning dp

[08:55] {pita} greetings everyone

[08:55] {nemo} dp pita

[08:56] {ese} pita

[08:56] {Threei}  pita :)

[08:57] {Threei}  DRYS

[08:57] {Threei}  ANNOUNCES IT HAS REACHED AGREEMENT WITH DNB NOR ON WAIVER TERMS FOR $86 MILLION OF DEBT

[08:57] {ese} i like this...drys taking off

[08:58] {Threei}  - CEO: "We are delighted to have reached an agreement with DnB NOR on yet another facility. This facility covers 2 of our drybulk vessels. We continue to have constructive discussions with the remainder of our banks who are all very supportive of the company."

[08:59] {ese} I like it ....still have a swing position from yesterday

[08:59] {Threei}  neds to break .40

[08:59] {ese} yes

[09:00] {ese} a few of the other bulk cariers following as well .....egle

[09:02] {jfjf64} mornin all

[09:02] {nemo} jf

[09:02] {ese} jf

[09:03] {Threei}  morning jf

[09:07] {Threei}  EGLE took sizeable offer

[09:08] {fernp} Good morning everybody

[09:08] {Threei}  fern :)

[09:17] {ese} dry bulk carriers and solar...flavor of the day for the market looks like

[09:20] {cosmo} tell that to JASO

[09:20] {dino} gm all

[09:20] {ese} I take it back 

[09:21] {ese} dino

[09:21] {Threei}  dino :)

[09:21] {nemo} dino

[09:21] {dino} :)

[09:23] {Threei}  DRYS buying looks quite sustainable

[09:24] {Threei}  if gives opening pullback I'll be interested

[09:24] {dino} turnaround tuesday?

[09:25] {nemo} we had this conversation yesterday

[09:25] {Threei}  if no pullback, hopefully we et consolidation and break

[09:26] {Threei}  EGLE is quite capable of serious move as well, juts much thinner

[09:26] {ese} am thinking about a position there vad

[09:26] {dino} neg. day does it

[09:26] {Threei}  volatile one, don't go crazy on size

[09:27] {ese} will do

[09:28] {Threei}  much better player on pullbacks vs breakouts

[09:28] {chinggis} gm

[09:28] {Threei}  chnggis :)

[09:28] {dino} beat

[09:29] {Threei}  PIMCO'S EL-ERIAN: SEES US GDP GROWTH AT 2% OR LESS FOR THE NEXT FIVE YEARS

[09:31] {Threei}  EGLE

[09:31] {Threei}  hitting support zone

[09:31] {Threei}  half lot long

[09:31] {Threei}  sheesh

[09:31] {Threei}  no chasing

[09:32] {Threei} Long Setup:  DRYS  .43 if stays above .35

[09:32] {dino} fri gaps 8268, 1355, 882 fwiw

[09:33] {Threei}  invalidated

[09:35] {ese} yes

[09:35] {nemo} fitb again?

[09:35] {Threei} Long Setup:  DRYS  .30 break half lot

[09:35] {Threei}  if stays above .20

[09:35] {Threei}  sorry

[09:35] {Threei}  that was EGLE

[09:36] {Threei} Long Setup:  EGLE  .30 break half lot

[09:36] {dino} beat

[09:37] {ese} drys covering gap from 05/08 .62 low

[09:37] {Threei}  DRYS, have to wait for pullback

[09:37] {magoo} in

[09:37] {Threei}  .40 area

[09:37] {dptl} in

[09:37] {nemo} in

[09:38] {Threei}  DRYS says what pullback?

[09:38] {nemo} 1/2 out

[09:39] {Threei}  has this feel of a big runner

[09:39] {dptl} half out egle

[09:40] {Threei}  if takes .50, 8 is not out of question

[09:40] {magoo} out EGLE .38

[09:40] {chinggis} out full 41 ty

[09:40] {magoo} ill reload if.

[09:41] {ese} drys could do $9.00 today....analysts targets

[09:41] {dptl} trailing under .30

[09:41] {dptl} balance

[09:42] {magoo} frustrate if cant get in'

[09:43] {Threei}  DRYS pullback

[09:43] {nemo} out egle

[09:43] {Threei}  closer to .50 should be an entry zone

[09:44] {dptl} all out egle ty

[09:44] {Threei}  let's see if there is another play in it

[09:45] {Threei}  DRYS .60 break

[09:45] {Threei}  if stays above .50

[09:45] {nemo} half or full

[09:45] {Threei}  10 cents stop?

[09:46] {nemo} o.k.

[09:46] {dptl} in

[09:46] {nemo} in

[09:48] {magoo} ya in

[09:49] {magoo} EGLE interseting

[09:49] {Threei}  VIX VOLATILITY INDEX MOVES BELOW 30 FOR THE FIRST TIME SINCE 9/19/08

[09:49] {Threei}  - according to CNBC, historically the S&P has gained an average of 3% and 6% respectively over the 3 and 6 months that follow a crossover below 30.

[09:49] {Threei}  - the peak in late Oct was at 89.53.

[09:49] {magoo} in egle too .31

[09:50] {Threei}  hte these shakeouts in the market

[09:50] {Threei}  wants to go up badly

[09:50] {Threei}  just gop

[09:51] {wulff} yes gop right now

[09:51] {magoo} i know

[09:54] {Threei}  sigh

[09:54] {dptl} stopped

[09:54] {magoo} jesus

[09:56] {Threei}  EGLE is holding better than DRYS so far

[09:56] {ese} indeed

[09:57] {magoo} DRYS sucks everyday

[10:02] {nemo} s drys .19

[10:03] {dino} qsii

[10:06] {nemo} i lie short egle

[10:07] {chinggis} any read on HBAN vad?

[10:07] {magoo} BAC strong

[10:07] {Threei}  should follow FAS

[10:07] {chinggis} ok ty

[10:08] {Threei}  I'd try .90 break

[10:08] {ese} as was about to say nemo should have been .30  for the short if it was drys

[10:08] {nemo} typing skills

[10:08] {chinggis} ok

[10:08] {dino} sm l pnra .50

[10:08] {magoo} in hban

[10:09] {chinggis} l hban .91

[10:09] {Threei}  BAC seems to be today's hero among finnies

[10:10] {Threei}  pullback closer to 12 should be entry

[10:11] {nemo} stopped egle

[10:14] {dino} pbh

[10:17] {Threei}  DND actitivity all of a sudden

[10:18] {Threei}  DNDN

[10:18] {nemo} wow

[10:18] {Threei}  no news that I see

[10:20] {dino} snda

[10:22] {Threei}  anyone got BAC near 12?

[10:23] {Threei}  CEO: EXPECTS TO SUFFER LOSSES IN CREDIT CARDS FOR DURATION OF YEAR - SHAREHOLDER MEETING

[10:23] {magoo} im waiting .98 HBAN

[10:24] {magoo} i like BAC

[10:24] {magoo} not in

[10:24] {magoo} EGLE trying

[10:25] {Threei}  yeah

[10:25] {Threei}  I really hate this lack of follow through

[10:25] {magoo} my nemesis should

[10:25] {Threei}  both DRYS and EGLE had total makeup of runners

[10:25] {wulff} Egle is doing OK

[10:26] {magoo} ouyt .98 TY vad HBAN

[10:26] {Threei}  a lot of little buggers?

[10:26] {dino} afam sm l .91

[10:26] {magoo} 2k

[10:26] {Threei}  HBAN is new FITB

[10:26] {ese} gj mags

[10:26] {ese} yes

[10:27] {ese} sems to trade the same 

[10:27] {magoo} EGLE nears ,50

[10:27] {dino} pbh sm l .35

[10:28] {Threei}  EGLE already has almost whole yeasterday's volume

[10:28] {wulff} f---in FAS

[10:28] {jfjf64} wow fas

[10:28] {magoo} FAS missed

[10:28] {chinggis} out hban .02

[10:28] {chinggis} ty vad

[10:28] {dino} pnra stop to .20

[10:28] {Threei}  sure

[10:28] {dino} out +.70

[10:29] {magoo} bacon alert

[10:29] {magoo} BAC

[10:30] {Threei}  BAC entry on pullback near 12 would have been perfetc

[10:30] {Threei}  not a fan of breaks on this stock

[10:30] {dino} intc l .49

[10:31] {Threei}  EGLE has 8 written all over it

[10:32] {ese} dino was that pbh you did .70 on?

[10:32] {nemo}  {dino} pbh sm l .35

[10:32] {nemo} [10:28] {dino} pnra stop to .20

[10:32] {nemo} [10:28] {&Threei}  sure

[10:32] {nemo} [10:28] {dino} out +.70

[10:32] {ese} your out ?

[10:33] {ese} tks was just looking at it 

[10:34] {Threei}  JP MORGAN CEO: US GOVT TO ALLOW SOME REPAYMENTS OF TARP WITHIN NEXT COUPLE WEEKS

[10:34] {Threei}  - Reminder: on 5/15 CNBC reported that GS and JPM were to be among the first major banks to be granted persmission to repay tarp as early as this week{XLF GS MS JPM}

[10:34] {dino} yes out

[10:35] {dino} no, pnra .50 to .20, +.70

[10:35] {dino} fast as fast can be es

[10:35] {dino} pbh still in, as well as afam

[10:36] {ese} tks.....i'm studying

[10:36] {dino} pbh making me thirsty, thinking of pbr's

[10:37] {ese} yuk yuk

[10:37] {ese} I think vad delivers vodka .....it's part of the service being on this board

[10:37] {dino} pbr light not too bad on a hot day actually

[10:38] {magoo} no quotes on PBR dino

[10:39] {dino} 16.50 for 30 pack

[10:39] {ese} good on ya if it's hot down there......it ain't here.....rain

[10:39] {dino} going for 80 today, last night frost, wierd lately, running 6 degrees below normal in may

[10:40] {ese} climate change

[10:42] {Threei}  HBAN pullback into support

[10:42] {Threei}  watch FAS for possible spike

[10:42] {Threei}  HBAN tends to give the delay for entry

[10:43] {dino} afam to .28

[10:43] {dino} expect slip

[10:44] {dino} out .26, 

[10:44] {dino} +.35

[10:45] {Threei}  I can't think of anything more stupid and untimely

[10:45] {Threei}  http://www.nytimes.com/2009/05/19/business/19credit.html?_r=2&hp=&adxnnl=1&adxnnlx=1242741983-+CW9ZWUo9Zrdgq78v3yNLQ

[10:45] {Threei}  n wait... I can...

[10:45] {ese} good one dino

[10:45] {dino} ty

[10:47] {dino} 11 straight days up/down/up/down, will it continue

[10:48] {Threei}  EGLE ast yesterday's volume

[10:48] {magoo} u in it?

[10:49] {Threei}  no... trying to determine possible entry

[10:49] {Threei}  possibly even for a swing

[10:52] {wulff} BAC fast selling

[10:55] {Threei} Long Setup:  FAS  .56

[10:55] {Threei}  if stays above .50

[10:59] {Threei}  HBAN stopped dropping with FAS

[10:59] {Threei}  .96 worth a try if FAS spikesa

[11:00] {Threei}  try to get last shares, don't be first to buy

[11:02] {nemo} Magooing it

[11:02] {Threei} Long Setup:  FAS  .50 if not losing .45 anymore

[11:03] {Threei}  in HBAN aggressively .94

[11:03] {dptl} in fas

[11:03] {magoo} in .95

[11:04] {fernp} stop under .90, Vad?

[11:04] {Threei}  yeah

[11:05] {dptl} stopped fas

[11:05] {Threei}  games are not over...

[11:05] {Threei}  HBAN no worky too

[11:06] {fernp} out HBAN

[11:06] {Threei}  backing off, it starts looking like shakeouts all over, just like yesterday

[11:09] {Threei}  BAC quite a selloff

[11:09] {magoo} READ on EGLE

[11:10] {Threei}  same... overall, it's a swing trade candidate for a storng upward move

[11:10] {Threei}  exact entry - can't find it so far

[11:11] {magoo} dont like the swing call

[11:11] {magoo} i dont hold 

[11:11] {nemo} you don't swing and you don't hold?

[11:11] {wulff} keep your eye on CNB

[11:11] {dino} enoc

[11:11] {Threei}  market continues dropping... what i is it you want me to do? :)

[11:12] {nemo} use the force Vader

[11:12] {nemo} Oh shit, my RAM monitor is at 666

[11:12] {Threei}  in my eyes, these market retreats are nothing but pullbacks bfore another runup

[11:13] {dino} ceph

[11:13] {fernp} DRYS double bottom

[11:13] {Threei}  but atempts to find the entry points were quite futile yesterday and, so far, today

[11:13] {Threei}  gotta take it on faith, which I hate

[11:13] {jfjf64} my eyes  black  and  blue

[11:15] {jfjf64} comon a joke    lol  lol    

[11:15] {Threei}  we are obviously going through some change in the market

[11:15] {nemo} I"n your eyes, the light the heat"

[11:15] {Threei}  a few days at the beginning of such changes are always tough,

[11:15] {Threei}  as old methods stop working,

[11:16] {Threei}  new ones are not found yet

[11:16] {nemo} switch to summer but volumes this morning are reasonable

[11:16] {Threei}  this is not a switch to summer

[11:16] {Threei}  this is witch in market mood

[11:16] {Threei}  amajor mode I would say

[11:16] {chinggis} any read on SKS vad?

[11:17] {Threei}  not really...

[11:18] {chinggis} ok ty

[11:19] {ese} have to go teach a class....see you in about an hour or so

[11:20] {Threei}  take care ese

[11:24] {dino} mako

[11:24] {dino} thin

[11:26] {dino} thor

[11:26] {dino} ceph sm l .20

[11:27] {dino} where do all of these people go away too?

[11:28] {nemo} seeing dead people again?

[11:28] {Threei}  what people?

[11:28] {Threei}  let's see:

[11:29] {chinggis} GIL

[11:29] {Threei}  if today is repeat of yesterday, and so far it looks very similar,

[11:29] {Threei}  we will bottom out after a few shakeouts

[11:29] {nemo} fas scalp @ 3:30

[11:29] {Threei}  and resume runup

[11:29] {Threei}  problem is, attempts to find the turning point have no technicals under them,

[11:30] {Threei}  so there is no way to tell just how many shakeouts we get inti

[11:30] {Threei}  that's what killed yesterday

[11:30] {dino} lol nemo

[11:30] {Threei}  so, the question you need o answer for yourself is:

[11:30] {Threei}  continue trying or wait the whole thing out

[11:30] {nemo} do you feel lucky?

[11:31] {nemo} sorry, "Do you feel lucky, punk?"

[11:31] {dino} the way i see it is simple....they got it, i want it

[11:31] {Threei}  if former, EGLE .30 break

[11:32] {Threei}  FAS pullback under .30

[11:32] {nemo} nice segue Vad

[11:32] {dino} v bounce

[11:33] {Threei}  HBAN with stop under .80

[11:33] {Threei}  all those are your trades if your pick is to try

[11:33] {dino} aipc pop

[11:35] {Threei}  DRYS .26

[11:35] {Threei}  game plan:

[11:36] {Threei}  those who went for EGLE, stop under .20, aim to sell half closer to .50

[11:36] {dino} v sm l .00

[11:36] {Threei}  hold half for break

[11:36] {Threei}  if you are a purebreed scalper, you know what to do without my narrative

[11:37] {nemo} stop for drys

[11:37] {Threei}  HBAN, aim to sell half between .95 and 5

[11:37] {Threei}  DTYS, either undcer .20 or under .15, depending on your objectives

[11:37] {nemo} what if you're a braindamaged mutt?

[11:38] {Threei}  profit taking on DRYS is between .35 and .40 for the first half

[11:40] {dptl} in drys

[11:43] {nemo} egle strong drys not

[11:43] {dino} intc stop to .58

[11:43] {Threei}  DRYS should change its way after .30 break

[11:44] {nemo} Wayward Son

[11:44] {magoo} drysalways trades exactly like today...big moves beyond reason..terrible pullbks..endless hours of nada...then when u give up..BOOM

[11:45] {Threei}  EGLE is at first target

[11:45] {nemo} "Every time I try to get out they pull me back in"

[11:45] {dino} out intc .60, +.11

[11:45] {magoo} EGLE better of 2 for sure..in it too vad

[11:47] {Threei}  FED COMMENTS ON TARP PAYMENT REQUESTS; FIRST REPONSE OVER REPAYMENTS TO COME ON MONDAY, JUNE 8; MONTHLY COMMENTS THEREAFTER

[11:48] {magoo} crazy,,never heard of u cant pay it back

[11:48] {Threei}  if you owe me and I want control over you... I want you to keep moneyrather than to pay me back

[11:48] {Threei}  you paid back, you are free

[11:50] {Threei}  let's see EGLE

[11:50] {Threei}  this time or not yet?

[11:50] {chinggis} EGLE break of hod buyable vad?

[11:51] {Threei}  usually this one if much better on pullbacks

[11:52] {Threei}  that's qwhy I called it off .30 rather than .50

[11:52] {Threei}  however, next try will be what, 4th one for today?

[11:52] {Threei}  odds of it working are on increase

[11:53] {chinggis} TY vad

[11:54] {Threei}  what, shakeouts are not over yet?

[11:55] {nemo} just going to lunch

[11:58] {Threei}  ASIA?

[11:59] {Threei}  no news that I see

[11:59] {dino} ceph stopped .89, -.31

[12:05] {dino} apol sm l .20, jumpy

[12:08] {nemo} gonna' hang around Dino?

[12:08] {dino} no

[12:09] {dino} waiting at .60

[12:09] {dino} just missed

[12:09] {vinod} good afternoon

[12:09] {dino} sm l enoc .20

[12:10] {dino} vin:)

[12:15] {chinggis} Vad SKS pullback playable?

[12:16] {dino} apol to .29

[12:16] {Threei}  around 5.05, I'd think so... but this one is verty hard to read, trades with weird pace

[12:16] {chinggis} ok ty

[12:19] {Threei}  market starts giving confirmation of reversal

[12:19] {Threei}  so far same scenario as yesterday

[12:19] {dino} itri

[12:20] {Threei}  Prez on TV shortly, to announce "kill the car" plan

[12:20] {magoo} and kill the mkt

[12:23] {dino} apol to .39 mkt dropping

[12:25] {dino} to .50

[12:25] {Threei}  new highs are coming

[12:25] {dino} to .60

[12:25] {dino} out +.40 apol

[12:25] {Threei}  nice one

[12:26] {dino} ty

[12:26] {dino} nemo, you get it?

[12:27] {nemo} no...I saw that long line of green and went yellow

[12:28] {dino} yeah, it was questionable

[12:29] {dino} you get enoc?

[12:31] {Threei}  NQ, last pullback and then off to races

[12:32] {dino} snda

[12:32] {dino} itri gap above around 58

[12:33] {Threei}  hmm

[12:33] {Threei}  increased cost of vehicle will pay off in three years on fuel savings, according to president

[12:34] {Threei}  maybe if I am driving a taxi

[12:34] {Threei}  on private vehicle with normal mileage, no way

[12:34] {Threei}  here is pullback

[12:36] {dino} enoc stop to .63\

[12:36] {nemo} oh, sorry dino, away for a minute, no enoc, kinda' thin for me

[12:36] {dino} vrts

[12:37] {dino} out enoc ave .66, +.46

[12:39] {Threei}  (US) CREDIT CARD "BILL OF RIGHTS" CLEARS PROCEDURAL HURDLE IN THE SENATE

[12:39] {Threei}  {AXP COF DFS JPM C}

[12:39] {nemo} yeah, they fubar that one

[12:45] {nemo} enoc dino

[12:46] {dino} ntrs drop

[12:47] {ese} yo ho ho and a botle of vodka......     hmmmmm somethin not right about that

[12:47] {ese} i'm back

[12:47] {dino} well, you're married so the ho is out

06[12:48] * nemo slaps ese around a bit with a large chart of jesu joy of man's desiring :)

[12:48] {nemo} whoa dino

[12:48] {dino} no, i mean no ho's, he has a wife

[12:49] {dino} as soon as i typed i knew it was going to be misunderstood

[12:49] {nemo} I understood quite well, usually after an extended period of marriage, they return

[12:49] {dino} roflol

[12:50] {Threei}  janitor's ears perk

[12:50] {nemo} I have many married friends

[12:51] {fernp} stopped DRYS

[12:51] {dptl} stopped drys

[12:52] {nemo} yeah

[12:53] {nemo} so many stops, so little vaseline

[12:53] {ese} huh?

[12:53] {nemo} huh what?

[12:53] {ese} just huh?

[12:54] {nemo} oh

[12:54] {ese} vaseline?

[12:54] {nemo} had 7 or 8 stops since yesterday...pain

[12:54] {Threei}  sheesh... dialogs right out of asylum

[12:55] {nemo} Anybody ever seen The Ninth Configuration?  speaking of asylums

[12:55] {ese} nope

[12:56] {nemo} http://www.imdb.com/title/tt0081237/

[12:57] {dino} nope

[12:57] {dino} but my office feels like an asylum some days

[12:58] {nemo} very good

[12:58] {dino} itri approaches hod

[12:58] {nemo} sounds like a line out of a sci fi movie

[12:59] {dino} as "land of confusion" comes on

[13:00] {nemo} No one gets out alive

[13:00] {dino} v to .85 won't move

[13:01] {Threei}  GOVT HAS PASSED CREDIT CARD REFORM LEGISLATION WITH BILL OF RIGHTS

[13:01] {dino} ceph one more whoosh down imo

[13:02] {dino} darn enoc, kept going

[13:03] {nemo} yes

[13:03] {lamant} soory ,i hit erro

[13:04] {nemo} Drys Vad?  looks like bottoming?

[13:05] {Threei}  everfything to me looks this way...

[13:05] {Threei}  my problemn is different

[13:05] {Threei}  as I described it before

[13:05] {dino} v stopped -.15

[13:05] {Threei}  attempts to catch the turnaround take many small cuts

[13:05] {Threei}  they are small but they are many

[13:05] {nemo} Yes.

[13:06] {Threei}  that's why I made a point to present it as discretionary decision

[13:06] {nemo} yes

[13:06] {Threei}  either try when it starts turning around and be ready to take those cuts,

[13:06] {Threei}  or sit it out until market finalizes changes and we get firm read on it again

[13:07] {Threei}  as a ray brightening the day, just got this e-mail:

[13:07] {nemo} still in the middle of lunch too

[13:07] {Threei}  Vad,

[13:07] {Threei}  Just wanted to say again how grateful I am for your program. I've been going with the program and my plan, adjusting it as I go, and it just works! I don't even worry about things anymore, I just trade my plan. Yes at times I take some losses, but I actually seem to love those small losses, and that is weird, compared to previous state I used to have.

[13:07] {Threei}  The gains are much larger and without worries that I used to have. I haven't been able to get to this state of mind and these kinds of results with any other system or educational materials. You seem to have touch on the perfect points that made it click for me!

[13:07] {Threei}  I really appreciate it!

[13:07] {Threei}  I skip the name

[13:08] {dino} very nice vad, good job

[13:09] {Threei}  yeah, this kind of things makes me feel I do it for some good purpose

[13:09] {nemo} Hey, I only take paper cuts now compared to before coming here.  

[13:09] {dino} itri spikes again

[13:09] {nemo} did they have earnings today?

[13:10] {nemo} Plus, the structured exits keep my greed from losing me more

[13:11] {nemo} Although, I'm not sure you're supposed to have this much fun

[13:11] {dino} then get mad

[13:11] {Threei}  see, main thing is:

[13:11] {nemo} Dino...in my other pursuits when I'm mad, I'm having fun

[13:12] {Threei}  most of you here watch me doing it for years, some for months

[13:12] {nemo} I tracked your daily log for a looong time

[13:12] {Threei}  anyone saw a setback I wouldn't recover from in just a few days?? :)

[13:13] {nemo} No...what amazed me was the run from last Summer through the end of the year.

[13:13] {Threei}  just don't take any of those as more than pullback

[13:13] {fernp} nope

[13:13] {Threei}  nothing happens without pullbacks, setbacks, retreats

[13:13] {magoo} HEY..i askeed u not topost that he  he

[13:14] {Threei}  no trend goes without pullbacks,

[13:14] {nemo} what? pictures of Mags? now that's pornography

[13:14] {Threei}  no good runs occur without bad days

[13:14] {Threei}  yin and yang anyone?

[13:14] {nemo} It ain't about the celebrating, it's what you do when you get knocked down

[13:14] {Threei}  oneness of opposites?

[13:14] {Threei}  excatly

[13:15] {Threei}  you shrug, dust yourself off and go kick a$$

[13:15] {nemo} Don't know what good is unless you have bad by which to measure it

[13:15] {Threei}  there you go

[13:16] {Threei}  this is so ingrained, I don't even see the need to talk about it to say honestly,

[13:16] {Threei}  but when you guys start crying about couple days of stops

[13:16] {nemo} For you yes, although, repetition is the mother of all teaching

[13:16] {Threei}  I start feeling like giving lecture

06[13:16] * nemo crawls into his cave

[13:16] {Threei}  because I know magoo hates hose

[13:17] {Threei}  and I enjoy making him suffer

06[13:17] * nemo closes door

[13:17] {Threei}  and no magoo, that was not your e-mail

[13:17] {magoo} yes it was

[13:17] {Threei}  yours I wouldn't dare to quote for the world of me

[13:17] {magoo} edited of course

[13:17] {Threei}  they are full of swearing, links to porno sites etc

[13:17] {Threei}  NASDAQ has finished pullback, returned to high

[13:17] {Threei}  break amnd new highs are in order

[13:18] {Threei}  if you like the formation,

[13:18] {Threei}  QDL

[13:19] {Threei}  C&H

[13:19] {nemo} qld?

[13:19] {Threei}  .40 break

[13:19] {Threei}  QLD, sorry

[13:19] {ese} I'd like to second that sentiment from the email Vad......I'm having the best tradin year of my life also tks

[13:19] {Threei}  thank you ese

[13:19] {nemo} ese been the man

[13:20] {Threei}  new highs

[13:21] {Threei}  [12:31] {Threei} NQ, last pullback and then off to races

[13:21] {Threei}  [12:32] {dino} snda

[13:21] {Threei}  scalpers get out heere

[13:22] {Threei}  day traders take half

[13:22] {dino} es great to hear, you're an animal lately

[13:23] {dino} idcc l .25

[13:23] {Threei}  daytraders, 1/4 more out

[13:23] {nemo} whoa things really taking off 

[13:24] {ese} tks but still have a ways to go.......once i stop the goofy/dumb errors....who knows

[13:24] {Threei}  yesterday's scenario plays out, just as we suspected

[13:24] {nemo} well, ese, you have an excuse, you're a musician.  I on the other hand, have none. :)

[13:27] {dino} sm risky s itri .01

[13:28] {nemo} stop to .70 on itri Dino?

[13:28] {dino} .51

[13:29] {dino} short

[13:29] {nemo} hasn't broken it's 200 all day, and that is .70 just letting you know

[13:29] {Threei}  last portion QLD: stop to .55

[13:30] {Threei}  feel free to exit above .70

[13:30] {Threei}  out .73 in full

[13:30] {Threei}  +.30

[13:30] {Threei}  something ought to work sooner or later, right?

[13:31] {nemo} patterns have been the same forever

[13:31] {dino} stopped -.46

[13:31] {Threei}  (US) FED'S STERN: MARKET CONDITIONS HAVE IMPROVED A BIT; "TOO BIG TO FAIL" MUST BE ADDRESSED

[13:31] {Threei}  - Recession to last several more months; consumer spending is stabilizing

[13:31] {Threei}  - Notes that an economic recovery would reduce risks of deflation; healthy growth to resume in mid 2010

[13:31] {Threei}  - Financial conditions improving on a broader basis

[13:31] {Threei}  lol, :consumer spending is stabilizing"...

[13:31] {Threei}  it very well may be,

[13:31] {Threei}  but let's kill credit cards now,

[13:31] {nemo} yeah, can't go below 0

[13:31] {Threei}  then increase taxes on energy

[13:32] {Threei}  then make cars more expensive

[13:32] {nemo} nice on inri Dino

[13:32] {Threei}  and rise taxes on fuel to make buying them more justified

[13:32] {nemo} Oh jeez, that's funny...itri

[13:32] {dino} ok nemo, around 58.60 if it gets there

[13:32] {Threei}  and let's see what happens to consumer after all that

[13:32] {nemo} Hah, just called you King of the Jews

[13:33] {nemo} In that new credit card bill, they are not reigning in interest rates

[13:34] {dino} nemo s=short, got stopped itri

[13:34] {nemo} oh you went short, missed that

[13:37] {ese} me thinks what happens with drys alot is that the big boys see a stock that they can beat the VWAP alot with.   It's daily 1min seems to look like that alot.    Me thinks that some of them should be WAPPED!

[13:37] {ese} VWAP( volume weighted average price) for those of you that don't know

[13:40] {_king} threei- how do you find your trades? curious b/c i can never find the breakouts like you 

[13:41] {magoo} vad, u like FAS for bounce?

[13:41] {Threei}  king, scanner

[13:41] {Threei}  http://realitytrader.com/iscan/

[13:42] {nemo} _king programmed scanner spits out stocks to look at according to Vad's criteria

[13:42] {nemo} Dino has his scanner for his style also

[13:42] {Threei}  mags... I do... I just am not sure about entry point

[13:42] {Threei}  .20 break looks like it from here

[13:43] {magoo} ok

[13:44] {dino} yes

[13:47] {Threei}  is it only me, or anyone else is getting this feeling of rally in the making?

[13:47] {nemo} talking about consumer spending: http://globaleconomicanalysis.blogspot.com/2009/05/effect-of-household-deleveraging-on.html

[13:48] {magoo} ive had it all day, but hasnt worked so far

[13:48] {dptl} so fas .20 long?

[13:48] {Threei}  this is what keeps me hesitant

[13:48] {Threei}  ready for papercuts dp?

[13:48] {magoo} i did fas

[13:48] {Threei}  then FAS .20 break

[13:48] {nemo} should have one more, but had the rally yesterday

[13:48] {Threei}  HBAN .80 break

[13:48] {magoo} EGLE

[13:48] {nemo} in

[13:49] {nemo} stop on fas

[13:49] {Threei}  under .10 of course

[13:49] {nemo} around .10

[13:49] {Threei}  13:43, low of the last pullback

[13:50] {dino} sm l ceph .65

[13:50] {nemo} .11 low

[13:51] {nemo} in ceph

[13:52] {nemo} stop Dino

[13:53] {Threei}  shakes continue... that's tha painful part of this process

[13:54] {dino} .43

[14:03] {dino} out idcc .36, +.11

[14:05] {_king} got it, thanks guys!

[14:06] {nemo} dino, ceph get's by .70, should be good for a  bit

[14:06] {dino} y

[14:06] {nemo} ese, you in anything

[14:08] {ese} yup drys...from yesterday

[14:08] {ese} unloaded 1/2 on the runup this morning

[14:08] {nemo} she's been riding the range for a while

[14:09] {ese} still have 5k avg position .20 left....just kinda holdin on to it to see what happens

[14:09] {ese} it's getting itself into what Alaqn Farley calls the slingshot position

[14:09] {ese} Alan

[14:09] {nemo} Chuck U. Farley?

[14:10] {ese} indeed 

[14:11] {ese} anyway   ...outta here for today all...see ya tomorrow

[14:11] {Threei}  take care ese

[14:11] {ese} see ya vad

[14:13] {dino} cya es

[14:18] {dino} idcc l .40

[14:20] {magoo} a move may be starting vad

[14:21] {Threei}  missed QLD .60

06[14:24] * magoo slaps laserdave around a bit with a large trout

[14:24] {nemo} I was just going to tell you mags

[14:25] {laserdave} i love the attention

[14:25] {dino} snda

[14:26] {jfjf64} .20 break  fas

[14:27] {jfjf64} ?

[14:27] {magoo} its a valid play

[14:28] {jfjf64} ya wd think  shack out  comin ??

[14:28] {magoo} most likely:(

[14:28] {dino} idcc stop to .49\

[14:29] {jfjf64} im in

[14:29] {jfjf64} .22

[14:29] {magoo} .19 here

[14:30] {magoo} we need mkts to rip

[14:30] {nemo} or, we need to get the right shorts on a downdraft :)

[14:31] {Threei}  I don't see downdraft in cards nemo

[14:31] {Threei}  this market is getting ready to kill "short everything" crowd

[14:31] {magoo} do u see wealth vad?

[14:31] {jfjf64} up up and  away  

[14:31] {nemo} no, I was just commenting on Mags.  If it rips down and we're in the right shorts

[14:31] {Threei}  I stuill see 8 in the EGLE's future

[14:32] {Threei}  new highs for NASDAQ

[14:32] {jfjf64} kick it  mags

[14:34] {dino} out idcc .52, +.12

[14:35] {jfjf64} half out .26

[14:41] {Threei}  US HOUSE APPROVES BILL TO EXPAND FDIC BORRROWING; INCREASE INSURANCE COVERAGE

[14:41] {nemo} mouse money

[14:43] {jfjf64} still in mags

[14:45] {Threei}  here it comes for you jf

[14:45] {magoo} out fas .29

[14:45] {magoo} DL

[14:46] {magoo} ty boss

[14:46] {Threei}  me?

[14:46] {Threei}  why?

[14:46] {magoo} u called ot

[14:46] {Threei}  you did this one on your own

[14:46] {jfjf64} all out  .29 

[14:47] {jfjf64} ty  vad   ty  mags

[14:47] {Threei}  QLD new high

[14:48] {Threei}  [14:32] {Threei} new highs for NASDAQ

[14:48] {Threei}  if you guys wanted to follow my general read with your own entries... this one was it

[14:50] {Threei}  lamborgini is the worts car to buy for fuel saving... 8 miles per gallon

[14:50] {Threei}  I wonder how many of its buyers give a damn

[14:50] {nemo} 0

[14:50] {jfjf64} hmm

[14:50] {nemo} less than 10, that means mags could count them

[14:50] {Threei}  Bentley buyers are not in a good shape either

[14:51] {Threei}  I can just see guy who owns both, looking at TV gal who said that saying:

[14:51] {Threei}  Frankly my dear...

[14:51] {nemo} jeez Rhett

[14:52] {Threei}  GE CEO: FED HAS NOT INDICATED THAT IT PLANS TO REVIEW GE CAPITAL UNIT

[14:52] {Threei}  who is going to review Fed?

[14:54] {nemo} kick ceph for me vad, have to go soon

[14:54] {Threei}  which way?

[14:55] {nemo} up

[14:55] {jfjf64} think tm to short  hpq  buying all day   earnins later ??

[14:56] {Threei}  HPQ yes, earings after close

[14:57] {Threei}  there you go nemo

[14:57] {nemo} yeah, thanks Vad, look to get out even because I have to go.  Looks like it bottomed too

[15:04] {Threei}  remember or play a few weeks ago, FEED?

[15:04] {Threei}  our

[15:04] {nemo} vaguely

[15:04] {dino} zzzzzzzzzzzzzzzzzzzzzzzz

[15:04] {nemo} holy doodoo

[15:04] {dino} wynn l .10

[15:05] {dino} out .21, +.11

[15:05] {nemo} whoa, didn't even get to look

[15:06] {dino} lucky

[15:06] {nemo} easy for you to say...phhhht!

[15:06] {dino} had trouble w/.10 for aw(h)ile

[15:09] {nemo} dino?  why the h in parentheses?

[15:11] {nemo} stopped ceph

[15:12] {dino} ceph stopped -.22

[15:12] {dino} stewie/family guy

[15:15] {nemo} cyu guys done for the day

[15:15] {Threei}  take care nemo

[15:17] {dino} cya nemo

[15:29] {dino} bwld s .22

[15:31] {fernp} have to go. good evening all. see u tomorrow

[15:33] {Threei}  take care fern

[15:34] {dino} cov bwld .10, +.12

[15:36] {dino} cya fernp

[15:39] {dino} titn l .12

[15:39] {Threei}  DRYS stays flatlined around this level for good3-4 hours

[15:40] {Threei}  EGLE decided to do it tomorrow probably

[15:41] {chinggis} see you tommorow guys

[15:41] {Threei}  take care chinggis

[15:41] {dino} cya ching

[15:49] {dino} bwen

[15:50] {dino} wow don't know how but wynn took me out just now at .35, +.15

[15:50] {Threei}  yup, spiked to .17

[15:50] {dino} see that spike, lol

[15:51] {dino} whats w/bwen?

[15:51] {Threei}  no idea

[15:52] {dino} will watch it tomorrow

[15:52] {dino} same w/itri

[15:53] {Threei}  second day in a row of shurning and shaling out

[15:53] {Threei}  umm

[15:53] {Threei}  let's try again

[15:53] {dino} 12th day up/down

[15:53] {Threei}  churning and sjaking out

[15:53] {Threei}  sigh

[15:53] {dino} titn to b/e

[15:54] {Threei}  whatever, I give up... my fingers just can't seem to hit right keys

[15:54] {dino} out

[15:55] {Threei}  okay guys, taking that leftover of EGLE home

[15:55] {dino} well, up, but light

[15:55] {Threei}  thank you all,

[15:55] {Threei}  have a good evening

[15:55] {Threei}  see you tomorrow

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

[15:55] {dino} at the risk of jinxing me, 22 in a row vad

[15:55] {Threei}  nice!

[15:56] {dino} cya dp

May 18 2009

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


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

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

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