May 26 2009

The market slept through the most of the day but while it did something we were able to extract our few profitable trades with just one stop. Quite a consolidation near the top after initial morning spike...

Session Time: Tue May 26 00:00:00 2009

[08:12] {pita} hola

[08:13] {Threei}  Good morning

[08:15] {Threei}  Quite an interesting dichotomy... nuclear missile test, you would normally expect gold up, ESD down

[08:15] {Threei}  just opposite happens so far

[08:18] {Threei}  Baltic Dry Bulk Index +5.6%, 17th straight increase

[08:19] {Threei}  CYTK

[08:19] {Threei}  Cytokinetics Inc Receives $50M due to Amgen Exercise of Option for Exclusive License to cardiac contractility Program That Includes CK-1827452

[08:19] {Threei}  - Amgen has exercised its option to obtain an exclusive license, worldwide (excluding Japan), to Cytokinetics'' cardiac contractility program. The license includes CK-1827452, a novel cardiac myosin activator being developed for the treatment of heart failure

[08:19] {pita} Why DRYS not following that closer?  Makes no sense to me.

[08:19] {Threei}  yeah... something company specific is in play

[08:20] {Threei}  shares dilution for instance

[08:20] {pita} still having effect?

[08:20] {Threei}  who knows

[08:20] {pita} yeah

[08:21] {Threei}  although EGLE is not exactly soaring either

[08:21] {pita} got killed on DRYS last week

[08:21] {Threei}  tried to hold it?

[08:21] {pita} y

[08:22] {Threei}  price action vs information...

[08:22] {Threei}  trade what you see, not what you think

[08:22] {pita} I heard that somewhere...

[08:24] {pita} lessons are painful

[08:26] {pita} where is INTC going?

[08:27] {Threei}  so far stays in place...

[08:27] {Threei}  slightly down

[08:28] {Threei}  loss of 15 is looking rather good for short

[08:28] {pita} agreed

[08:29] {pita} looks like that happened in opening candlee

[08:47] {Threei}  CYTK is holding near 3

[08:57] {cosmo} hmmm ...pharacuticals maybe

[08:57] {cosmo} MAPP cures migraines...

[08:58] {Threei}  is it a hybrid of pharaons and pharmas?

[08:58] {nemo} I thought it was a part of the fingernail

[08:58] {cosmo} biotech then

[08:59] {Threei}  MAP Pharmaceuticals Phase III trial of LEVADEX migraine product candidate meets all four primary endpoints; shows statistical significance

[08:59] {Threei}  - Total of 792 patients were included in the primary data analysis as specified in the protocol of the FREEDOM-301 study, which was conducted under a Special Protocol Assessment agreement with the U.S. FDA. The patient population studied had more severe migraine pain than expected, with 46% reporting severe pain and 54% reporting moderate pain prior to administration of the study drug.

[08:59] {Threei}  MAPP

[09:00] {Threei}  *MAR CASE SHILLER HOME PRICE INDEX: 139.9 V 143.17 PRIOR; COMPOSITE-20 Y/Y: % V -18.40%E

[09:00] {Threei}  - Q1 US HPI: v 140.7e; HPI Y/Y: % v -18.7%e

[09:00] {Threei}  - Prior Home Price Index Revised from 143.17 ...more... (related XLF XHB )

[09:04] {fernp} good morning everybody

[09:04] {Threei}  fern :)

[09:06] {vinod} good morning

[09:06] {Threei}  vinod :)

[09:06] {nemo} vino :)

[09:07] {KSystems} boo

[09:07] {ese} gm

[09:07] {Threei}  KS, ese :)

[09:07] {nemo} oh no, the boesewicht is here

[09:14] {ese} hmmmm it's a good read....have subscribbed to "Trade the News"  ...the morning report is a good start 

[09:14] {chinggis} gm 

[09:14] {Threei}  chinggis :)

[09:14] {ese} cha ching

[09:15] {nemo} good one ese

[09:15] {nemo} where's 

[09:15] {nemo} where's "the missing link

[09:15] {nemo} geez...typing this morning

06[09:17] * nemo slaps dino around a bit with a large trout

[09:18] {dino} gm all

[09:18] {Threei}  dino :)

[09:18] {nemo} Turnaround Tuesday Dino?

[09:19] {Threei}  in absence of Monday I would expect Tuesday to be moved to Wed

[09:19] {ese} does that apply after a long wekend

[09:19] {dino} turnaround from what, no monday

[09:20] {nemo} just making conversation

[09:20] {dino} no worries

[09:25] {Threei}  not much happens

[09:25] {Threei}  feels down is the direction so far, but action is rather muted

[09:25] {ese} vad do you focus in on anything in particular on this trade the news site

[09:26] {Threei}  just scrolling headlines

[09:27] {magoo} morning

[09:28] {Threei}  magoo :)

[09:28] {nemo} magus

[09:28] {magoo} news FSLR vad?

[09:28] {magoo} down 9

[09:29] {Threei}  First Solar Inc. Shares cut to Underperform from Market Perform at FBR, PT $110.00

[09:29] {Threei}  Action on the back of:

[09:29] {Threei}  - Polysilicon prices taking a nose dive. Checks over the past week suggest (quality) spot poly prices have declined to $65/kg, down 35% year to date

[09:29] {Threei}  - Recent checks indicate at least one of FSLR top customers has already switched from FSLR to a si-based module vendor for a project that is currently under construction.

[09:29] {Threei}  Checks also suggest six inch solar wafer prices (in the spot market) have declined to US$3.50/piece, implying that finished solar wafers are now { US$1/watt. Assuming US$0.80/watt for turning wafers into modules, we estimate $65/kg poly to yield modules at a cost of US$1.60-US$1.80/watt. And even a rather aggressive GM of 20% implies si-based manufacturers could sell modules at US$2.10 (or EUR1.62, assuming 1.3 F/X) and compete head-to-head with FSLR

[09:30] {magoo} ty

[09:30] {Threei}  VPHM

[09:30] {Threei}  ViroPharma Incorporated Update: Scientific Data Relating to Cinryze Presented at 6th Annual C1 Inhibitor Deficiency Workshop

[09:30] {Threei}  - If approved, Cinryze would be the first C1 esterase inhibitor available for the acute treatment for this condition. ViroPharma''s PDUFA date for Cinryze in the acute setting is June 3, 2009.

[09:30] {Threei}  - Cinryze is not approved for acute attacks of HAE

[09:30] {Threei}  - Data on side effects, frequency of HAE attacks, and number of emergency medical visits prior to and following initiation of Cinryze therapy were presented.

[09:32] {magoo} news AAPL vad?

[09:32] {Threei}  upgrade by MS, target 180

[09:32] {magoo} wow

[09:33] {jfjf64} mornin all

[09:33] {Threei}  jf :)

[09:33] {Threei} Long Setup:  GERN  .70

[09:33] {Threei}  if stays above .60 .60

[09:34] {Threei} Long Setup:  RIMM  .20 break half lot

[09:34] {Threei}  if stays above 72

[09:35] {Threei}  1:1

[09:35] {nemo} miss

[09:35] {ese} qqqq taking off

[09:36] {Threei}  1:2 full out

[09:38] {tomg} ty rimm vad

[09:38] {Threei}  :)

[09:39] {magoo} out RIMM here TY.86

[09:39] {Threei}  wtg

[09:40] {Threei}  Preview: May Richmond Fed Manufacturing Index due out at 10amET

[09:40] {Threei}  **consensus expectation: -7e v -9 prior

[09:40] {Threei}  Preview: May Consumer Confidence due out at 10amET

[09:40] {Threei}  **consensus expectation: 42.6e v 39.2 prior (most estimates range from 40 to 45)

[09:42] {nemo} in gern

[09:42] {Threei}  SEED lost its mind

[09:43] {nemo} oxgn

[09:50] {fernp} .

[09:51] {Threei}  keeping an eye on WFC

[09:51] {Threei}  not clear idea of entry yet

[09:52] {ese} nothing i'm looking at is going anywhere .04 up -.02 dn .08 up -.07 dn etc etc etc 

[09:52] {Threei}  .60 break if stays above .50

[09:54] {Threei}  if loses .50, next support worth looking at isd around .20- .30

[09:56] {dino} es i'm not hitting anything yet either

[09:57] {Threei}  VNDA... not done yet??

[09:57] {Threei}  3 min till numbers

[09:58] {ese} anyone in vnda?

[09:59] {dino} cwtr pop and drop

[10:00] {Threei}  *MAY CONSUMER CONFIDENCE: 54.9 V 42.6E

[10:00] {Threei}  - prior revised from 39.2 to 40.8 (related TLT SHY SPY )

[10:00] {ese} ya just saw that dino

[10:00] {Threei}  wow

[10:00] {dino} mygn opo

[10:00] {dino} pop

[10:00] {ese} ouuuu  CC up big

[10:01] {nemo} gern not moving on that

[10:02] {ese} drys taking off.....still have small swing position there

[10:02] {Threei}  *MAY RICHMOND FED MANUFACTURING INDEX: +4 V -7E

[10:02] {Threei}  - prior revised from -9 to

[10:02] {Threei}  - no revisions

[10:02] {dino} cci up

[10:02] {dino} all is well again

[10:03] {nemo} Consumer confidence is that like the kingdom of the blind?

[10:03] {Threei}  let's trail GERN

[10:03] {nemo} to .70?

[10:03] {Threei}  just under

[10:04] {nemo} big orer @ .78

[10:04] {magoo} WFC trigger..distracted here

[10:05] {wulff} good RIMM shot

[10:05] {nemo} ese will appreciate that

[10:05] {wulff} yup

[10:06] {Threei}  I had this nagging feeling that RIMM was going to be multipoint play

[10:06] {magoo} me too

[10:06] {magoo} and people came in office

[10:07] {ese} that was a good lick the wilf

[10:07] {Threei}  GERN 1:1, half out or take scalp

[10:07] {magoo} had to take dough

[10:07] {nemo} 1/2 out gern

[10:07] {ese} wulf

[10:07] {ese} rimm shot....

[10:08] {wulff} still holding my 100

[10:08] {ese} in rimm wulff

[10:09] {Threei}  from where wulff?

[10:09] {nemo} there castle

[10:09] {wulff} 72.20

[10:10] {Threei}  oh boy

[10:10] {nemo} indecent profits vad

[10:10] {ese} nice

[10:10] {Threei}  so, do you intend to sell ever?

[10:10] {wulff} put in half lot and only filled 100

[10:11] {wulff} I am trying to build a position to take over the company

[10:11] {nemo} take your meds this morning?

[10:11] {Threei}  hostile takeover.. G,Gekko, where are you

[10:11] {dino} sm l ceph .30

[10:11] {Threei}  GERN almost 1:2

[10:12] {Threei}  feel free to exit as ou see fit

[10:12] {nemo} another 1/4 gern

[10:13] {Threei}  unusual play for GERN

[10:13] {Threei}  this one resolves much faster.. this long sitting in place, then orderly move is not its charracter

[10:13] {Threei}  maybe it's chaging its ways... maturing so to speak

[10:15] {dino} bwyb thin, sm l .00

[10:16] {Threei}  starting to look for reversal

[10:16] {nemo} what stock?

[10:16] {Threei}  market

[10:16] {nemo} no dino

[10:16] {nemo} what stock?

[10:17] {Threei}  QID qould be the vehicle of choice

[10:17] {Threei}  want pullback closer to 36

[10:17] {Threei}  for double bottom entry

[10:17] {ese} man indecision on my part today.....thought about  one lot in appl but didn't pull the trigger

[10:18] {dino} bwy 

[10:18] {dino} sorry nemo fat fingers

[10:18] {ese} bwyb

[10:18] {ese} ?

[10:18] {nemo} BWY ese

[10:18] {dino} same here es, missed wynn, bwld, pnra all went buck +

[10:19] {ese} tks

[10:19] {nemo} shld went 3

[10:19] {dino} i suppose n korea lights another candle we hit 10k

[10:20] {ese} feels like i've never played this game before........no more long weekends.....thats an order

[10:22] {pita} cu all later

[10:22] {nemo} hasta la vista pita

[10:23] {dino} cya pita

[10:23] {Threei}  take care pita

[10:23] {Threei}  took RIMM profit??

[10:23] {pita} happy hunting

[10:25] {ese} see ya pita

[10:25] {jfjf64} later pita

[10:26] {Threei}  ENMD... now, that's a balst from the past

[10:28] {dino} ceph stop to b/e

[10:29] {dino} ceph stopped +.04

[10:32] {ese} ya long time since that symbol has come up

[10:35] {magoo} crazy morn

[10:36] {dino} sm l trv .75

[10:42] {fernp} FITB breakout, Vad?

[10:43] {Threei}  I like it

[10:43] {Threei}  with FAS help

[10:43] {fernp} FAS looks fine

[10:47] {Threei}  if it botttoms close enough on this pullback for comnfortable entry, that's going to be 4 test of the high

[10:47] {dino} ogxi gives some back

[10:57] {Threei} Long Setup:  QID  .15

[10:57] {Threei}  if stays above 36

[10:58] {nemo} in

[11:04] {magoo} in

[11:05] {dino} trv to .64 stuck

[11:07] {dino} trv stopped -.11

[11:09] {magoo} out qid..i feel mkts want up

[11:09] {magoo} jiust my feel

[11:10] {dino} pru sm l .20

[11:10] {magoo} good one anyway vad

[11:14] {Threei}  action died down

[11:18] {Threei}  offering half over .30 and 1/4 over .40

[11:24] {Threei}  stopped

[11:24] {dino} open

[11:24] {nemo} nice call mags

[11:26] {magoo} actually, i like vads concept..just we need it much lower, and on big mkt pullbk

[11:26] {Threei}  GERN takeovber rumors again

[11:26] {Threei}  getting really old

[11:27] {Threei}  when you have 10 min:

[11:27] {Threei}  http://realitytrader.com/vad/Spring%20Explosion.html

[11:29] {chinggis} Vad XRX pullback playable?

[11:30] {ese} see you all in about and hour and a bit....have to teach a class....not that i've been contributing much this morning anyway....

[11:30] {Threei}  take care ese

[11:30] {ese} see ya vad

[11:30] {Threei}  pullback is so shallow so far chinggis... it's still a breakout play at this point

[11:30] {jfjf64} later ese

[11:31] {chinggis} ok TY

[11:31] {Threei}  6.90 is closest support

[11:31] {Threei}  for hunting for entry if drops there,

[11:31] {Threei}  or for stop placement if it breaks out

[11:32] {chinggis} ok TY

[11:32] {magoo} brb

[11:39] {Threei}  if market resumes upward movement, FEED 6 break is probably worth trying

[11:42] {Threei}  GM Reportedly bond holders have tendered a low single digit percentage of the $27B eligible for debt exchange, according to sources - unconfirmed report (1.30, -0.13, -9.09%)

[11:43] {nemo} hehehehehe

[11:43] {nemo} the upyoursobama

[11:44] {Threei}  GM was seeking a 90% exchange rate in this debt exchange offer, which expires at midnight tonight

[11:46] {nemo} mmmmhhh...feed didn't move with the market.  Done for now?

[11:46] {Threei}  didn't lkose support eityher

[11:47] {dino} you guys making me hungry

[11:48] {nemo} why Dino

[11:49] {dino} pru stop to .50

[11:49] {dino} feed = food to me, lol

[11:49] {nemo} Mags, get dino a bag of oats

[11:50] {dino} lol

[11:50] {nemo} you can hook it around your head.  Keep your hands free for the keyboard

[11:51] {Threei}  hour and half of immobile market

[11:51] {nemo} nap time

[11:52] {dino} out pru +.30

[11:52] {nemo} gj dino

[11:53] {Threei}  want gambling play?

[11:53] {Threei}  MAPP .10 break long if stays above 8

[11:53] {dino} sxci

[11:53] {dino} ty nemo, started slow today

[11:55] {nemo} I don't know why, but I've got Tony Orlando and Dawn bouncing around in my head...disconcerting to say the least

[11:56] {nemo} wulffy...still got RIMM?

[12:02] {Threei}  MAPP over 1:1

[12:02] {Threei}  out .27 - .30

[12:03] {Threei}  what, no gamblers??

[12:03] {nemo} though you went in at }10?

[12:03] {nemo} .10?

[12:03] {Threei}  yes?

[12:03] {nemo} out @ .27?

[12:04] {Threei}  part .27 and part .30

[12:04] {nemo} oh

[12:04] {Threei}  ?

[12:04] {nemo} got it

[12:04] {nemo} why ?

[12:05] {Threei}  couldn't understand what kept you puzzled about that

[12:05] {nemo} your typing skills?

[12:08] {magoo} back

[12:08] {dino} sm s sxci .50

[12:10] {Threei}  awww

[12:10] {Threei}  mags

[12:10] {Threei}  missed your type of play

[12:12] {magoo} always worx like that sigh

[12:13] {Threei}  FEED is trying

[12:13] {nemo} yeah, but that quik jump to 6 

[12:14] {Threei}  and couple more big offers above 6

[12:14] {nemo} interesting

[12:15] {nemo} where'd they go

[12:15] {Threei}  either canceled or went to reserve

[12:16] {nemo} big bid at 6 too

[12:17] {nemo} bids

[12:17] {nemo} somebody putting a floor under this?

[12:21] {Threei}  1:1

[12:22] {jfjf64} ty

[12:23] {nemo} didn't know that call was still on

[12:23] {Threei}  ?

[12:24] {Threei}  it was discretionary from the get go

[12:24] {Threei}  [11:39] {Threei} if market resumes upward movement, FEED 6 break is probably worth trying

[12:24] {Threei}  who likey, takie

[12:24] {Threei}  never got invalidated

[12:25] {nemo} what was invalidation point? 

[12:27] {Threei}  .90

[12:27] {nemo} missed that

[12:27] {Threei}  kind of self-obvious from 1 min

[12:28] {Threei}  almost an hour of consolidation between 5.90 and 6

[12:29] {jfjf64} faz   low  for  day

[12:29] {nemo} thought it was .92 then when broke down to .90 thought was over

[12:32] {dino} titn l .28, stop .13

[12:33] {nemo} small dino?

[12:34] {dino} hl

[12:34] {dino} thinny careful

[12:34] {nemo} yeah, not my cup of tea

[12:35] {nemo} that's why I asked about your lot size

[12:38] {dino} np

[12:39] {Threei}  this unbelievably long consolidation looks like will resolve in upward move

[12:41] {KSystems} *burp*

[12:41] {nemo} excuse yourself

[12:41] {KSystems} Just throwing in my two cents after few days of absolute silence

[12:41] {KSystems} =)

[12:43] {KSystems} hows your day been nemo?

[12:46] {dino} pru drop

[12:46] {magoo} PRU drop vad

[12:47] {dino} bwy stop to b/e stuck

[12:48] {Threei}  no news mags, don't know what's up

[12:53] {nemo} see WFC since 12:25

[12:54] {Threei}  FAS, BAC

[12:55] {Threei}  WFC seems to have one of its fits, when it suddenly starts going and keeps going

[12:59] {Threei}  GM Will give UAW's VEBA a $2.5B note and $6.5B in preferred stock - WSJ cites sources (1.26, -0.17, -11.89%)

[13:02] {ese} am in........got booted....man that hurt

[13:02] {nemo} poor ese

[13:02] {Threei}  of course... entering wrong username and wondering why no entry

[13:02] {ese} hows it goin nemo

[13:03] {ese} filthy stinking rich yet?

[13:03] {nemo} 'nother day in paradise

[13:03] {Threei}  keeping an eye on SEED for 6 break

[13:03] {ese} tks

[13:03] {Threei}  this one is thinner than FEED

[13:03] {Threei}  more risk

[13:04] {ese} indeed

[13:13] {Threei}  GRO

[13:14] {Threei}  follows SEED/FEED tracks

[13:18] {dino}  snda

[13:20] {nemo} is that an indian stock dino?

[13:21] {dino} bwy to .20

[13:22] {dino} china

[13:22] {nemo} sitting right on it's 200 day ema

[13:22] {nemo} I lied 200 hour, 26 day

[13:23] {dino} out bwy .20, +.20 all day dog

[13:23] {nemo} ruff

[13:25] {magoo} we in anything here vad?

[13:25] {nemo} coma?

[13:25] {Threei}  yup

[13:25] {magoo} ?

[13:27] {Threei}  coma... what nemo said

[13:27] {Threei}  GM pop

[13:28] {Threei}  I don't see any new news

[13:29] {Threei}  [12:59] {Alert} Threei GM Will give UAW's VEBA a $2.5B note and $6.5B in preferred stock - WSJ cites sources (1.26, -0.17, -11.89%)

[13:29] {Threei}  that's all, just got repeated on other wires

[13:32] {dino} titn stop to .35

[13:33] {dino} out slip ave .02 +.04

[13:34] {Threei}  Congressional Budget Office estimated that only 15% of the $787 billion bill that President Obama signed into law in February would reach the economy this year.

[13:39] {magoo} hello?

[13:40] {Threei}  ?

[13:40] {magoo} i just walked intp your hospital room {coma} and greeted your family members

[13:42] {magoo} hello?

[13:43] {Threei}  mags, yolu see absolutely not moving market?

[13:43] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[13:43] {Threei}  or it's just me who sees it?

[13:43] {dino} ogxi perhaps going for gap from thurs close around 17

[13:44] {Threei}  if you want to play anything, no matter what, pick any of those hitting 52 week highs

[13:44] {Threei}  STEC

[13:44] {Threei}  KOPN

[13:44] {Threei}  KONG

[13:44] {Threei}  buy and pray that the run is not over

[13:45] {ese} zzzzz snort ...gronk.....zzzzzz......gurglezzzzzzz

[13:45] {nemo} hope that doesn't smell

[13:53] {Threei}  anyone watched that show?

[13:53] {ese} whaqt show?

[13:53] {Threei}  http://realitytrader.com/vad/Spring%20Explosion.html

[13:54] {ese} I will later......

[14:00] {dino} ceph sm l .00

[14:02] {dino} sxci stopped/cov. .81 -.31

[14:10] {Threei}  I don't remember such a prolonged period of no movement in ages

[14:11] {nemo} Sell in May :)

[14:11] {Threei}  IMO... no

[14:11] {Threei}  this is rather preparation for a rally

[14:12] {cosmo} ... unless GERN has a turn around tuesday...

[14:12] {patience} end of spring/month repositioning?

[14:12] {dino} pu drop

[14:12] {nemo} true window dressing?

[14:12] {dino} pru

[14:14] {dino} contra hour

[14:16] {Threei}  GM Reportedly offering hourly worker buyouts; comprising a voucher and cash buyout portion

[14:16] {Threei}  - Car voucher valued at $25K, with cash buyouts of $115K (1.58, 0.15, 10.49%)

[14:19] {dino} risky sm l snda .00

[14:36] {nemo} Vad...you sleepin'?

[14:36] {Threei}  no

[14:36] {Threei}  but I am not sure whay

[14:36] {Threei}  why

[14:40] {dino} out snda .50, +.50

[14:42] {Threei}  vinod, look dcc please

[14:46] {vinod} what is dcc

[14:46] {Threei}  private message

[14:46] {nemo} it's a little window that pops up in mirc

[14:47] {Threei}  look for tab with my nick on it

[14:47] {nemo} or are you logged in the webpage

[14:47] {nemo} it'll be flashing red vinod below the menu bar

[14:49] {vinod} thanks I got --nemo

[14:49] {nemo} see snda Dino, it was coming into resistance, that why you baled

[14:49] {vinod} let you know i still have RIMM will be out shortly

[14:50] {vinod} you told us 0.20 break stay above 72

[14:51] {nemo} vinod and mags must be long lost brothers

06[14:51] * magoo slaps Threei around a bit with a large trout

06[14:51] * magoo slaps Raven around a bit with a large trout

06[14:51] * magoo slaps patience around a bit with a large trout

06[14:51] * nemo ducks

06[14:51] * magoo slaps nemo around a bit with a large trout

[14:51] {magoo} but u looked up

06[14:51] * nemo psychologically damaged

[14:52] {Threei}  jeez... vinod, I can't believe you held it this long

[14:52] {Threei}  conghratulations anyway

[14:52] {Threei}  good play

[14:56] {dino} ogxi gasp filled

[14:57] {dino} gap

[14:57] {Threei}  FEED

[14:57] {Threei}  dropped all the way back into orginal break

[14:58] {vinod} i have no choice sometime 

[14:58] {dino} pru sm l .01

[14:58] {Threei}  RMBS U.S. District Court Orders Hynix to Post Security for Infringing Rambus Patents (12.55, 0.56, 4.67%) (related 000660.KS )

[14:59] {Threei}  RMBS U.S. District Court Orders Hynix to Post Security for Infringing Rambus Patents

[14:59] {Threei}  - Ordered Hynix to secure the judgment amount of approximately $397M through a combination of a bond... (12.55, 0.56, 4.67%) more... (related 000660.KS )

[15:00] {Threei}  nice spike

[15:00] {Threei}  BMY FDA Grants Full Approval for SPRYCEL (dasatinib) for the Treatment of Adults with Chronic Myeloid Leukemia Who Are Resistant or Intolerant to Prior Therapies Including Gleevec* (19.96, -0.06, -0.30%)

[15:00] {vinod} out 76.50

[15:01] {nemo} done for the week vinod..sheesh

[15:02] {vinod} yes, done for the day and my only trade i had only 300

06[15:02] * nemo slaps vinod around a bit with a large roll of silver dollars

[15:03] {dino} gj vinod

[15:03] {nemo} 4 bucks

[15:04] {vinod} some time dum trader do good

[15:04] {nemo} shoulda' been a fighter jock

[15:04] {nemo} :)

[15:05] {vinod} may be time to short RIMM

[15:09] {Threei}  let's put FITB to our watchlist for tomorrow

[15:13] {dino} v sm ogxi l .45

[15:33] {jfjf64} ms   flyin

[15:34] {dino} pru to .41

[15:34] {dino} out pru .41, +.40

[15:38] {dino} acor

[15:47] {Threei}  GRO another one to watch tomorrow

[15:47] {jfjf64} ms  puulback  vad?

[15:47] {Threei}  impossible to tell jf

[15:48] {Threei}  these finnies do both, run into close or huge drop with equal ease

[15:48] {jfjf64} yes  hard to tell ty

[15:54] {patience} empty day for me, last week was outstanding....sigh...see you tomorrow

[15:54] {Threei}  okay guys, not very active but profitable day

[15:54] {Threei}  have a good evening, see you tomorrow

[15:54] {jfjf64} gn all

[15:56] {dino} gn all, gotta hop

[16:00] {magoo} good nite all

May 22 2009

Not very active day which is not surprising before the long weekend. Just a few trades but profitable.

Session Time: Fri May 22 00:00:00 2009

[08:33] {magoo} morning

[08:33] {nemo} magus

[08:33] {Threei}  good morning

[08:34] {Threei}  mags, want good advice?

[08:34] {Threei}  do NOT look at OGXI

[08:35] {magoo} oy

[08:37] {magoo} whats up with CGRB?

[08:37] {Threei}  CGRB Johnson & Johnson agrees to acquire company for $1.0B in a cash tender offer; To purchase all shares at $43/shr (last: $36.98)

[08:37] {Threei}  - Under the terms of the agreement, Johnson & Johnson will initiate a tender offer, through a ne... (36.98, 0.62, 1.71%) more... (related JNJ )

[08:40] {Threei}  GM is trading in quite a range for this price

[08:50] {fernp} good morning everybody

[08:50] {Threei}  fern :)

[09:05] {ese} good morning

[09:06] {Threei}  ese :)

[09:07] {Threei}  Prez on TV, if anyone wonders

[09:08] {cosmo} yeah...sometimes i do wonder what's on TV

[09:09] {Threei}  being a male, per Seinfield you should be wondering what ELSE is on TV

[09:09] {cosmo} car races 

[09:09] {cosmo} good time for them

[09:10] {Raven} Monaco cosmo

[09:10] {cosmo} yep

[09:11] {ese} Bank United in Florida closed it's doors eh......

[09:11] {ese} what going to happen with that

[09:11] {dptl} good morning

[09:11] {ese} dp

[09:11] {dptl} :)

[09:12] {Threei}  Raven, dp :)

[09:12] {Raven} 3i:)

[09:12] {ese} well well well   Raven!!!!  HOW ARE YA

[09:12] {Raven} I are just ducky

[09:13] {cosmo} gee...get better i hope

[09:13] {ese} this is a good thing....good to see you hangin

[09:13] {Raven} I'm always watching and I can't get too much better

[09:14] {Raven} all downhill now

[09:14] {cosmo} got breaks?

[09:14] {Raven} disks both front & rear

[09:14] {ese} guess i missed something....whats happenin

[09:15] {Raven} lol

[09:15] {Raven} you're thinking too hard ese

[09:15] {cosmo} Monte Carlo, ese

[09:15] {ese} ahhhhh

[09:16] {Raven} and the warbler migration has peaked

[09:16] {ese} are you a birder?

[09:16] {cosmo} uh oh

[09:16] {Raven} oh you bet

[09:17] {Raven} almost every morrning in April, May

[09:17] {ese} neat....I love birds....have a White Face Pearl Cockateil

[09:17] {Raven} cept today is too windy

[09:18] {Raven} that bird is an invasive species

[09:18] {ese} a rare version of a cockateil.....tell me about it

[09:18] {Raven} yes ... don't let it out into the habitat or we'll be overrun

[09:19] {ese} naw no chance ....have clipped a wing

[09:19] {Raven} good

[09:19] {cosmo} i like teratorns....but, no matter..

[09:19] {Raven} they're not very mobile

[09:19] {ese} i should consider that then.

[09:20] {ese} where do you do most of your birding

[09:21] {Raven} United States 

[09:21] {Raven} headed for North Dakota June 4

[09:22] {ese} have a great time....your close to my home province there...Saskatchewan

[09:22] {Raven} yup ... will be right on the border for several days

[09:23] {Raven} open spaces and Prairie species

[09:24] {Raven} and no people

[09:24] {ese} definately.......i love the open prarie of Saskatchewan

[09:24] {Raven} most all native Prairie habitat destroyed in the uS

[09:24] {ese} I like it here on the west coast but when i go back my body feels more calm when i get off the airplane

[09:25] {Raven} like 95%

[09:25] {ese} whoaa.....how so

[09:25] {cosmo} ADSK pre mkt high = 22.05  fwiw

[09:26] {Raven} sheesh ... got dumped

[09:26] {jfjf64} mornin

[09:26] {ese} jf

[09:27] {pita} greetings all

[09:27] {Threei}  jf, pita :)

[09:27] {Threei}  trying to gauge GM

[09:28] {Threei}  feels like it's all about specultion on bankruptsy at this point

[09:28] {Threei}  made quite aove yesterday, and trying to continue

[09:29] {nemo} shld up big

[09:30] {Threei}  watching WFC also for p;ossible repeat of yestetrday's trick

[09:30] {jfjf64} yup

[09:30] {Threei}  big selloff, big jump

[09:31] {dino} gm

[09:31] {Threei}  dino :)

[09:32] {ese} L Drys .20

[09:32] {dino} gm bankruptcy talk is next week

[09:32] {Threei}  it surely trades quite well for that, lol

[09:32] {ese} pita...did you catch any of that move by drys yesterday

[09:33] {pita} :(

[09:33] {jfjf64} s bac .48

[09:33] {cosmo} ARUN pre mkt high = 6.40  fwiw

[09:33] {Threei}  if we get GM pullback to or under 2.10, worth considering

[09:33] {pita} I was out DRYS with small loss

[09:34] {jfjf64} in

[09:34] {pita} never went back

[09:34] {Threei}  interestingly enough, F is in red

[09:34] {pita} nm

[09:34] {Threei}  even though F is not under immediate bankruptsy threat

[09:34] {Threei}  go figure

[09:35] {fernp} GM pullback

[09:35] {Threei}  GM Economic Advisor Goolsbee: Administration committed to company through the first deadline of restructuring June 1

[09:35] {Threei}  - This comes in response to Washington Post article speculating that the Administration was preparin...more...

[09:35] {jfjf64} drop bac

[09:36] {jfjf64} .34  half

[09:37] {Threei}  .10 break GM if stays above .05

[09:37] {Threei}  nope

[09:37] {nemo} invalumadate

[09:37] {nemo} korreqt?

[09:37] {Threei}  [09:37] {Threei} nope

[09:38] {dino} rrgb

[09:38] {nemo} more about my spelin

[09:38] {pita} bounce point BAC?

[09:39] {ese} l drys avg position .08

[09:39] {jfjf64} .29 remain out  bac

[09:39] {Threei}  WFC

[09:39] {Threei}  wastching for drop into .60

[09:40] {Threei}  BAC .30 break long

[09:40] {Threei}  if stays above .20

[09:41] {dino} .

[09:41] {dino} am i here?

[09:41] {Threei}  yes sir

[09:41] {nemo} no

[09:41] {ese} yes and no

[09:41] {dino} ty dsl kicked

[09:41] {jfjf64} +14   +19  bac

[09:41] {dino} perhaps then

[09:41] {dino} gj

[09:43] {Threei}  WFC getting there

[09:43] {Threei}  .70 break long if holding .60

[09:44] {nemo} opps

[09:44] {nemo} oops

[09:44] {Threei}  BAC .20 break

[09:44] {jfjf64} in.21

[09:46] {Threei}  new wave if weakness in the market

[09:47] {jfjf64} bac  wants  to  go   evev with fas not

[09:47] {Threei}  holding well

[09:47] {ese} ya got yer market up...ya got yer market dn...ya got yer market up....ya got yer market dn...shsheesh

[09:48] {jfjf64} comon buyers!!!!!

[09:48] {dino} bwld, bwy, pnra, gme, wynn

[09:48] {Threei}  let me send a bus to bring them in, jf

[09:48] {jfjf64} pls

[09:49] {jfjf64} coctails  for all

[09:50] {ese} SCHW.....consolidation

[09:51] {ese} bstop .96

[09:51] {Threei}  SEED

[09:51] {Threei}  Origen Agritech Ltd. Reports Q2 R$25.8M +58% y/

06[09:52] * Threei opens the bus door to let buyers out

[09:52] {dino} bwld sm l .05

[09:52] {dino} wider today

[09:52] {jfjf64} vad  females   drinks   for  all  members  on  bus

[09:52] {ese} stop triggered L schw .95

[09:53] {ese} bstop

[09:53] {jfjf64} holdin  real  nice

[09:53] {ese} stop .83

06[09:54] * Threei kicks last buyers out of the bus - go and do your thing, don't just sit around

[09:54] {dino} make sure that bus stops for me

[09:55] {jfjf64} put  sm  high  test  in   lets  go

[09:55] {vinod} good trading to all--just checjing in

[09:55] {vinod} I am in training fir resr of the day

[09:56] {Threei}  good luck vinod

[09:56] {vinod} will join you guys on tuesday

[09:56] {nemo} stop

[09:56] {vinod} and have a nice weekend

[09:56] {Threei}  you too

[09:57] {jfjf64} stop

[09:59] {dino} wynn sm l .80

[10:00] {ese} schw stop to break even .95

[10:00] {dino} ntes

[10:02] {Threei}  how about that SEED?

[10:04] {dino} wynn stopped -.33

[10:04] {ese} ese kicks market in rear with brand new canvas deck shoes

[10:04] {ese} ahhh good

[10:04] {Threei} Long Setup:  GERN  7 break

[10:06] {Threei}  FEED Hearing takeover chatter circulating

[10:06] {ese} out schw .15 +.20  lot and 1/2

[10:06] {ese} nice 1:1

[10:06] {jfjf64} nice ese

[10:06] {dino} intc l .10

[10:06] {ese} that worked just like you designed it vad

[10:07] {ese} tks

[10:07] {jfjf64} in .02

[10:07] {ese} cos??   look at arun now

[10:08] {cosmo} stop 6.44

[10:09] {ese} are you in

[10:09] {cosmo} oops ....wrong stock

[10:09] {cosmo} ....nope

[10:10] {cosmo} I have an ATAX stop at 4.44

[10:11] {cosmo} ... a healer...

[10:11] {cosmo} i think

[10:13] {ese} bstop fitb .02

[10:13] {magoo} vad, we in anything else besides GERN..pre occ here

[10:13] {jfjf64} comon  vad   push   gern   lol

[10:14] {Threei}  no magoo

[10:15] {magoo} ty

[10:17] {magoo} mkts rippin here

[10:17] {Threei}  Citigroup Inc Hearing Morgan Stanley raising price targets on certain US banks; cites expectation for nonperfoming loans to slow; sees mosts US banks repaying TARP by Q4 2009 (timing uncertain)

[10:17] {Threei}  - Hearing Citi price target raised to $6 from $4

[10:17] {Threei}  - BAC price target raised o $32 from $25

[10:17] {Threei}  - JPM price target raised to $60 from $45

[10:17] {Threei}  - WFC price target raised to $44 from $33

[10:17] {Threei}  - MS sees most banks repaying TARP by Q409

[10:17] {Threei}  half out GERN

[10:17] {Threei}  scalpers take prfit

[10:17] {jfjf64} ty

[10:18] {jfjf64} wfc

[10:18] {jfjf64} in.77

[10:19] {dino} f'ing magoo, hits two trades for over dollars. that's my job

[10:19] {Threei}  wow GM

[10:20] {nemo} gern clear to .30

[10:20] {ese} l fitb .02

[10:20] {Threei}  nice of GERN t take that offer

[10:21] {ese} fitb stop .00

[10:21] {jfjf64} half  out  wfc  .87

[10:22] {Threei}  plan for GERN:

[10:22] {Threei}  stop under b/e,

[10:22] {Threei}  1/4 more offered between .25 and .30,

[10:22] {Threei}  last portion, we will see

[10:22] {Threei}  either dump above .40 or just let it trade

[10:23] {dino} bwld to .85

[10:23] {ese} fitb quote please...my trading system shut dn

[10:23] {Threei}  7.06 ese

[10:24] {dino} out bwld .87, +.86

[10:24] {dino} opps, +.81

[10:24] {magoo} wasnt gern the 1 u called 8?

[10:24] {Threei}  no

[10:24] {dino} actually +.82 wow i can't subtract today

[10:24] {nemo} .ask Magoo to do it for you

[10:25] {Threei}  good job dino, regardless of your math skills

[10:25] {dino} roflol

[10:25] {dino} either spelling or math

[10:26] {magoo} financials are weak..ciuldnt go even on that futes move

[10:26] {dino} nice schw btw to whoever called it

[10:26] {ese} stopped fitb .00...*&^&^^&$% what a load of SH&^%&^%TTTTT!

[10:27] {ese} pert timing perfect for my system to crap out

[10:27] {dino} tweak it, you can do it

[10:31] {Threei}  DRYS Hearing chatter company could be taken private by management

[10:33] {ese} what happens to the stock in a case like that...it's all bought out

[10:34] {Threei}  depends on the price

[10:34] {Threei}  view it as your usual buyout

[10:35] {Threei}  common doesn't trade anymore

[10:35] {Threei}  current holders sell at the pricve of takeover'

[10:38] {ese} hmmmmm drys is worth approx 9.00 per share........

[10:38] {nemo} based on what ese?

[10:38] {ese} financials......took a look at it a couple of months back

[10:39] {ese} at least by my estimates

[10:41] {dino} bwy l .25 thin

[10:43] {dino} drys just issued stock in late fall and couple weeks ago, 10's of millions

[10:43] {Threei}  OXGN

[10:43] {Threei}  interesting chewing through huge offers

[10:44] {ese} ya i saw that dino....at that time i thought it was worth about 11 per shs.....now diluted to 9 

[10:44] {dino} today 6.95

[10:45] {ese} ya i've got a swing trade on avg price .08

[10:46] {dino} sm l gme .00

[10:53] {dino} gme won't move stop to .89

[11:05] {magoo} hello?

[11:08] {Threei}  Fed finalizes Bank holding firm rule to classify Treasury preferred stock from TARP as Tier 1 capital

[11:08] {Threei}  - confirms original decision from Oct

[11:12] {dino} hod's

[11:12] {dino} ceph more pain on the secondary

[11:17] {dino} gme stopperd -.11 dogggggggggggg

[11:18] {dino} bwy half out .37, +.12

[11:19] {dino} intc stop to .21

[11:21] {dino} out intc .22, +.12

[11:22] {dino} bwy remaining stop to .36

[11:25] {Threei}  precious metals fell of a cliff?

[11:26] {Threei}  GM Confirms deal reached with CAW on new concessions

[11:26] {Threei}  15 min ago

[11:26] {nemo} Hey Maaagggssss!!!

[11:26] {Threei}  not very fresh

[11:26] {Threei}  no reaction really

[11:27] {chinggis} Vad any read on ARUN, it is holding good

[11:29] {dino} a run is good for you

[11:29] {Threei}  I have hard time imagining it moving higher

[11:29] {nemo} don't quit your day job dino

[11:29] {dino} lol

[11:29] {Threei}  it got a few upgrades this morning,

[11:29] {dino} this is it

[11:29] {Threei}  all with ragets 6.50 - 7

[11:29] {dino} bwy stop to .44

[11:30] {chinggis} ok ty

[11:30] {ese} daaaaaa...nemo ..was trying to find my notes for drys...I know that ifigured it out with a P/E of about 7 when it was in the high 5's....anyway that 475 mil share offering is likly to be around 10 conservative toeven at a discount 9 looked OK to me

[11:30] {Threei}  imagine it trying to move higher - how many of those who read upgrades will think "wow, I got their target in one day, I better get out" :)

[11:32] {dino} ouch slippage, bwy  at .37, +.12

[11:33] {Threei}  what's with NVAX?

[11:34] {Threei}  if there is some news in the sector, BCRX hasn't moved yet

[11:34] {Threei}  started moving now

[11:35] {dino} ntes hod

[11:35] {dino} brb

[11:41] {Threei} Long Setup:  IMAX  .76 break

[11:41] {Threei}  if stays above .65

[11:43] {ese} i love the imax

[11:43] {nemo} they are cool

[11:43] {ese} have seasons passes for myself and my kids

[11:45] {dino} tecd

[11:47] {Threei}  GM Bondholder group spokesperson: committee response to latest GM offers is a "universal no"

[11:47] {Threei}  are they crazy?

[11:48] {Threei}  next thing they know, president names them publickly

[11:48] {Threei}  and labels them as non-patriotic

[11:48] {Threei}  and tar and feathers ensue

[11:48] {nemo} or anti-communist

[11:49] {nemo} Comrades, you are sick...to the re-education camps

[11:49] {dino} somebody has to stand up for the law

[11:50] {ese} what law dino

[11:50] {nemo} question mark ese

[11:51] {ese} ?

[11:51] {Threei}  nemo is english teacher in past life

[11:51] {nemo} no..just obnoxious in this one

[11:51] {ese} man i'm like eh muscian eh....

[11:52] {Threei}  nemo... I have bad news for you

[11:52] {nemo} like an egyptian

[11:52] {nemo} fine

[11:52] {ese} would seem to mean the bond holders are in no positon to bargain......no?

[11:52] {Threei}  I realize you enjoyt being obnoxious... but you can't, not in the room

06[11:52] * nemo crawls into cave

06[11:52] * nemo closes door

[11:52] {Threei}  it's strictly my privilege to be obnoxious here

[11:52] {dino} they are primary secured, there is a law here

06[11:52] * nemo pulls blanket over head

[11:53] {ese} true

[11:53] {Threei}  I sometimes can tolerate competition for the title of captain obvious

06[11:53] * nemo covers ears

[11:53] {Threei}  but obnoxious? no way

[11:53] {ese} wouldn't the question be...secured against what?......taxpayer money now isn't it?

[11:54] {ese} basically your money dino....don't know the situation well...am i wrong?

[11:54] {nemo} yes ese...but they must be pissed considering all the bondholders in the "too big to fail banks" have been protected

[11:54] {ese} hmmmmmk

[11:55] {dino} ity will end up in supreme court, they are secured, they should get parts of company, they are in front of govt and unions by law, years from now in court because govt will screw them

[11:55] {dino} obama reminds me of chavez, taking what he wants for govt

[11:56] {ese} ah ok.....didn't know that.....they have priority over gov't

[11:56] {dino} basic contract law here

[11:56] {Threei}  but dino... he read Chavez's book

[11:56] {nemo} it's not government ese

[11:56] {nemo} yeah, as Dino says

[11:56] {nemo} bondholders are first in line for corporate assets

[11:57] {dino} common, then preferred, then bondholders, they are the roots of the tree

[11:57] {dino} common and preferred no securitization

[11:59] {dino} but enough. obama will do what he wants courts will fine the govt 5 years from now, after the bondholders get screwed and possile wiped out. remember, many muni's invested in these gm bonds, as well as pension funds

[12:00] {ese} ya...i understand the tree roots for sure....i just thought that some special circmstances had applied here

[12:00] {dino} ceph lod

[12:01] {dino} no, it is the law of usa for hundreds of years

[12:02] {dino} think of a house mortgage, secured by house. govt can't just give your house to someone w/o paying off the bank

[12:02] {nemo} government wants to give GM to UAW without paying the bondholders

[12:02] {dino} wynn app. lod

[12:03] {dino} right nemo, thats the problem, the bondholders own certain parts 

[12:03] {nemo} but the unions elected Obama

[12:03] {dino} talk about buying votes for an election, i will give the auto industry to you unions if you vote me in, lol

[12:12] {nemo} knew it...Magoo it and IMAX pops

[12:13] {nemo} Well time for the FADC

[12:13] {dino} feels like everybody went home

[12:13] {Threei}  1:1 IMAX

[12:13] {Threei}  nice and easy

[12:14] {dino} gj

[12:14] {Threei}  just as I like it and as I almost forgot how to do over this week, lol

[12:14] {ese} nice one vad

[12:14] {Threei}  ese, have a look at 1 min

[12:14] {Threei}  exsctly what you like - textbook

[12:14] {Threei}  JBE at its cleanest

[12:14] {ese} thays right out of your book

[12:15] {Threei}  yeah

[12:15] {nemo} being Friday before holiday, would discretion be the better part of valor

[12:16] {dino} yes

[12:21] {dino} fwiw watching ceph, tecd, wynn, pnra, bwld

[12:22] {chinggis} are you out IMAX Vad/

[12:25] {Threei}  almost

[12:25] {Threei}  1/3 is still here

[12:25] {nemo} got your bottom in ceph dino?

[12:26] {dino} think so .oo trig

[12:26] {Threei}  what kind of company hass symbol STD

[12:27] {dino} or .80

[12:27] {dino} yuk

[12:27] {Threei}  [STD] Banco Santander Central Hispan

[12:28] {dino} dk now nemo

[12:28] {nemo} see where this bottoms out

[12:28] {dino} .85ish

[12:29] {dino} hibb spike

[12:29] {dino} too fast

[12:30] {nemo} looks like ceph holding

[12:30] {dino} .oo sm l ceph, lod stop

[12:33] {Threei}  who is holding any of IMAX still, stop to under .80

[12:40] {dino} wynn sm l .50

[12:51] {dino} wow nemo, i have destroyed ceph's move

[12:51] {nemo} I helped

[12:51] {nemo} Vad kick ceph

[12:52] {dino} indeed vad

[12:52] {nemo} Vaaaaaaaaddddd

[12:53] {nemo} so, we out before .20 or go for the break?

[12:55] {dino} .40 ideally

[12:55] {nemo} yes, thet resistance we're hitting has me concerned

[12:55] {dino} i don't take sm size unless i think i can get at least .40

[12:55] {Threei}  gosh

[12:55] {Threei}  I am busy kicking

[12:55] {Threei}  why do tyou distract me

[12:55] {nemo} thanks vad, didn't see it

[12:55] {dino} kick harder or your fired

[12:56] {Threei}  what do you mean didn't see? it moves!

[12:56] {nemo} I didn't see the kick

[12:56] {nemo} you kicking it with your toe, or mule kicking

[12:56] {nemo} ?

[12:56] {Threei}  you be happy with the result

[12:57] {nemo} just asking

[12:57] {Threei}  let me worry about kicking technique

[12:58] {dino} ceph is stuck in puddle of mud

[12:59] {nemo} that resistance plus the market isn't helping now

[12:59] {dino} wynn to .85

[12:59] {dino} ceph to b/e

[12:59] {nemo} stop to b/e on ceph dino?

[13:00] {dino} to .90

[13:00] {dino} out wynn .90, +.40

[13:01] {dino} ceph to .05

[13:02] {dino} sorry nemo, yes then now .05, houses' $ 

[13:03] {nemo} market not moving it

[13:06] {dino} well, w/ .05 on stop let it trade

[13:07] {dino} gets to .25 tighten to .19 imo

[13:07] {nemo} if it breaks .20 should be good

[13:07] {nemo} heh

[13:07] {dino} speak of the devil and he appears

[13:07] {nemo} Please allow me to introduce myself

[13:08] {dino} by all means

[13:08] {nemo} I'm a man of wealth and taste

[13:08] {dino} ok at .20

[13:09] {nemo} I was thinking that...I know vad...don't think

[13:09] {nemo} out

[13:09] {dino} out .20, +.20

[13:09] {nemo} ty

[13:12] {nemo} Friday afternoon before holiday scalping mode Dino?

[13:12] {dino} yes pretty much, moves get too random

[13:13] {dino} have to leave around 2:00, so not greedy 

[13:17] {nemo} tck very strong today

[13:22] {nemo} dino ceph

[13:23] {dino} ?

[13:23] {nemo} looked or looks like it's building a wedge

[13:24] {nemo} although volume is erratic so far

[13:29] {ese} otta here....have a great long weekend....

[13:29] {nemo} by ese

[13:29] {nemo} bye

[13:29] {patience} bye ese, have a good weekend

[13:29] {ese} see ya nemo

[13:29] {ese} you too patience

[13:29] {Threei}  take care ese

[13:30] {dino} cya es

[13:31] {dino} vnda

[13:31] {dino} nah

[13:31] {dino} pullback

[13:33] {dptl} have a good weekend all

[13:33] {nemo} dp

[13:33] {fernp} u too dp

[13:33] {Threei}  take care dp

[13:33] {Threei}  hey

[13:34] {Threei}  nest Friday I get to leave earlier

[13:34] {Threei}  next

[13:35] {dino} shld wow

[13:36] {dino} cya dp

[13:36] {nemo} perfect dbi on 5 minute

[13:37] {Threei}  lol, SHLD is down 5 points from its top and it's still up 7 from yesterday

[13:39] {dino} tecd lod

[13:40] {dino} low going to hold on tecd nemo?

[13:41] {dino} .00 trig, imo

[13:41] {nemo} TSTT

[13:41] {nemo} for me anyway

[13:41] {dino} or 29.50 if it gets there

[13:42] {dino} tstt?

[13:42] {nemo} Too Soon To Tell

[13:43] {dino} ok

[13:43] {dino} .00 sm l

[13:43] {nemo} of course, it could have just made a liar out of me

[13:51] {dino} trouble with tribbles, opps .18 i mean

[13:52] {nemo} saw the movie this week...really good

[13:52] {dino} i need to

[13:54] {Threei}  OGXI... mama

[13:57] {Threei}  SEED non-stop

[14:01] {Threei}  this is delightful:

[14:01] {Threei}  Fed's Bernanke: Economy will recover; no comment on policy

[14:01] {dino} ddrx

[14:02] {Threei}  [10:43] {Threei} OXGN

[14:02] {Threei}  [10:43] {Threei} interesting chewing through huge offers

[14:02] {Threei}  look azt it now...

[14:03] {laserdave} test

[14:04] {Threei}  anyone takes a shot at this?

[14:04] {nemo} dave

[14:04] {Threei}  jeez... gotta do everything myself...

06[14:04] * Threei slaps laserdave around a bit with a large trout

[14:05] {dino} slapperoni by dino to laser

[14:06] {laserdave} how about u guys slap me with some love

[14:06] {laserdave} :)

[14:06] {Threei}  hmmm

[14:06] {nemo} what? here?

[14:06] {dino} not happening

[14:06] {Threei}  the very request looks so out of place

06[14:06] * nemo slaps laserdave around a bit with a large prescription drugs for psychoses

06[14:06] * Threei slaps laserdave around a bit with a large list of reason Dave is not getting any love here

[14:07] {dino} tecd stop to .15

[14:07] {laserdave} haha

[14:07] {dino} we are not a rah rah room

[14:07] {dino} tough luv here

[14:08] {dino} to .22

[14:08] {patience} big hug for dave for showing up on a friday afternoon   :)

[14:08] {Threei}  argh

[14:09] {patience} was that too tough vad?

[14:09] {Threei}  my world is crashing all over me

[14:09] {dino} out .23, +.23 tecd

[14:09] {magoo} best pirate imitation vad?? lol

[14:09] {laserdave} ah thanks Parience

[14:09] {laserdave} Patience

[14:09] {patience} :)

06[14:09] * magoo slaps laserdave around a bit with a large trout

[14:09] {laserdave} u see was that so hard?

[14:09] {Threei}  practically impossible dave

[14:10] {Threei}  girls in the room... sigh

[14:10] {laserdave} :)

[14:10] {laserdave} nanananananana

[14:12] {dino} dadaadadadadada

06[14:12] * magoo slaps laserdave around a bit with a large trout

[14:14] {dino} well vad, a new streak begins today

[14:15] {Threei}  hopefully mine too

[14:16] {dino} hated to see the last one end

[14:17] {Threei}  what did I feel then... first 3 days losing streak in I don't know how long

[14:17] {Threei}  a year?

[14:18] {dino} yeah and 22 days up was tough to let go

[14:19] {Threei}  I can imagine... but then againb, you new it had to end :)

[14:19] {Threei}  knew

[14:19] {dino} kid rock on

[14:19] {dino} done for the day guys, over target, have to mow the lawn

[14:19] {dino} have a good memorial and weekend

[14:19] {Threei}  take care, have a great weekend

[14:19] {magoo} im drinking already

[14:19] {nemo} cya dino

[14:19] {magoo} gonna call it a day

[14:20] {dino} :)

[14:20] {magoo} everryone have good weekend

[14:20] {nemo} u 2 magoo

[14:20] {magoo} drive fAST, TAKE CHANCES AND PASS ON THE RIGHT

[14:20] {dino} one for the ditch, lol

[14:22] {patience} have a safe long weekend magoo  :)

[14:22] {Threei}  hmm

[14:22] {Threei}  take care mags

[14:22] {Threei}  I for one find your advice lacking though

[14:22] {Threei}  no drinking and driving?

[14:23] {Threei}  no talking on the cellphone and texting messages while driving drunk?

[14:27] {magoo} HE HE.TY PATIENCE U TOO

[14:39] {Threei}  SEED and FEED new highs

[14:40] {Threei}  gold and silver are down

[14:40] {Threei}  confirms my take: gold can't be eaten during crisis

[14:42] {jfjf64} wfc 24.70 break vad   ??

[14:42] {Threei}  I am torn here a bit jf...

[14:43] {Threei}  I have hard time imagning it moving at the end of the day on Fri before the long weekend, in the situation we have all around,

[14:43] {jfjf64} hope nothin i  said

[14:43] {Threei}  but I couldn't imagine it staging a move like it did yesterday eod either

[14:43] {Threei}  and a stunning move it was

[14:44] {jfjf64} i  agree    fas   looks  lk  it  ready  to  go

[14:44] {jfjf64} tempting

[14:44] {Threei}  after all,

[14:44] {Threei}  what's your stop?

[14:44] {Threei}  under .60?

[14:44] {Threei}  comfortable with it? then why not?

[14:44] {jfjf64} correct  

[14:45] {Threei}  or see if you can pick it up on pullback, closer to supports

[14:45] {Threei}  watch FAS,

[14:45] {Threei}  try to ca6tch the moment when FAS resumes upward

[14:45] {Threei}  and grab WFC

[14:45] {jfjf64} k

[14:49] {jfjf64} .55 looks  ok

[14:50] {Threei}  by itself - yes, but you want FAS help

[14:50] {jfjf64} y

[14:54] {jfjf64} .57

[14:55] {jfjf64} in

[14:56] {jfjf64} fas comon

[14:57] {Threei}  {FAS} I am trying!! Don't comeon me!

[14:59] {jfjf64} half out .62

[15:00] {jfjf64} .59 out  remainder

[15:04] {Threei}  OGXI

[15:04] {Threei}  I am crying

[15:05] {jfjf64} i was  gone all afternoon   were  ya  in  this  earliear

[15:05] {Threei}  no

[15:05] {Threei}  look at its daily

[15:05] {Threei}  and at its spread

[15:06] {jfjf64} dailys  crazy  

[15:07] {jfjf64} big  spread

[15:08] {Threei}  looking at GERN's daily...

[15:08] {Threei}  if it finishes here, bodes well for a new leg up, with any martket help

[15:09] {Threei}  hey Prez on TV, in case you wondered

[15:11] {jfjf64} wfc  same  move  all day  off bol line

[15:12] {jfjf64} do  you  use  bolinger lines at all

[15:12] {Threei}  yes

[15:12] {Threei}  didn't you watch scalping course videos?

[15:12] {jfjf64} markett runnin

06[15:12] * Threei slaps jfjf64 around a bit with a large scalping course

[15:13] {jfjf64} lol

[15:13] {Threei}  JNPR

[15:13] {jfjf64} this  gern  gonna  go

[15:13] {Threei}  C&H

[15:13] {Threei}  .50 break

[15:14] {jfjf64} stop at

[15:14] {Threei}  if market continues to new highs, should be scalp-worhy

[15:14] {Threei}  under .40, handle's bottom

[15:17] {Threei}  invalidated

[15:18] {Threei}  market found some crack in the floor and fell into it

[15:20] {jfjf64} that  bg  sell off  bac   holdin

[15:26] {Threei}  Earthquake reported near Mexico City, MX; no indications of size as of yet (related TAYD USD/MXN )

[15:34] {Threei}  NASDAQ says within 10 points from 10 ama

[15:34] {Threei}  stays

[15:34] {Threei}  it's a miracle we found any plays at all

[15:40] {jfjf64} im  sick   went  away for  couple  min   look  at  bac

[15:41] {Threei}  no news

[15:41] {jfjf64} strength  and   pow

[15:41] {Threei}  just probably some repositioning

[15:47] {Threei}  okay guys, let's call it a week

[15:47] {Threei}  admittedly tough one

[15:47] {nemo} cya take care drink heavy

[15:47] {Threei}  let's have a great relaxing long weekend

[15:47] {Threei}  see you on Tuesday

[15:47] {jfjf64} enjoy  all

[15:53] {fernp} have a good weekend everybody. see u on Tuesday

[15:54] {patience} enjoy  :)

May 21 2009

Noticeable improvement over previous days, as we hit 5 out of 8 and kept stops well controlled. Considering long weekend coming, tomorrow may not offer much though.

Session Time: Thu May 21 00:00:00 2009

[08:10] {Threei}  Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET - Expectations for initial claims are 625K v prior release of 637K (range seen from 585K to 675K)

[08:13] {ese} good morning.....got caught up in work /phone calls yesterday and had to leave the board early

[08:14] {ese} appologies for not saying good bye

[08:14] {Threei}  morning ese

[08:14] {Threei}  I am not sure it can ever be forgiven...

[08:14] {Threei}  you may well be looking at years of redemption...

[08:14] {ese} trout smackings etc etc

[08:15] {Threei}  ashes sprinkling over your head

[08:15] {Threei}  extensive soul-searching in the mountain cave

[08:16] {Threei}  (don't forget to leave the address so I drop by with 6-pack)

[08:16] {ese} coming up with anew religion to save the world

[08:16] {Threei}  they say it's profitable

[08:16] {ese} will do

[08:18] {ese} DDUP  +5,80

[08:19] {Threei}  Chrysler could reportedly eliminate all dealerships if bankruptcy deal with Fiat goes unapproved by Bankruptcy Court

[08:19] {Threei}  great

[08:19] {Threei}  have a look at AUY

[08:20] {Threei}  10 break on daily looks tempting

[08:20] {Threei}  pretty much depends on gold strength

[08:21] {ese} yes indeed

[08:22] {magoo} morning

[08:22] {Threei}  magoo :)

[08:22] {ese} hey mags

[08:22] {Threei}  buying at 10

[08:23] {magoo} what at 10 boss

[08:23] {Threei}  AUY

[08:23] {Threei}  look at daily

[08:24] {ese} anyone catch that move in auy yesterday

[08:24] {magoo} whats news TSRA

[08:25] {Threei}  SOLF Canaccord Adams Raised SOLF to Buy from Hold

[08:25] {Threei}  TSRA Has won a ITC chip-patent case against Qualcomm

[08:25] {Threei}  - The ruling said that Qualcomm, Motorola and four other companies infringed on the company's patent...more... (related QCOM BRCM MOT )

[08:25] {Threei}  yesterday

[08:31] {Threei}  *INITIAL JOBLESS CLAIMS: 631K V 625KE; CONTINUING CLAIMS: 6.662M V 6.650ME

[08:31] {Threei}  - Prior jobless claims revised from 637K to 643K

[08:31] {Threei}  - Prior Continuing Claims revised from 6.560M

[08:35] {fernp} good morning everybody

[08:35] {Threei}  fern :)

[08:39] {ese} fern

[08:52] {Threei}  ESLR is an embodiment of ugliness

[08:54] {ese} i would agree

[08:55] {ese} share offering at 1.80

[08:56] {ese} BRCD on the other hand has potential

[08:56] {Threei}  BRCD Reports Q2 $0.11 v $0.09e, R $506.3 v $476.4Me

[08:56] {Threei}  - Q2 gross margins 56.2% v 59.7% q/q

[08:57] {Threei}  BRCD Exec: Confident on firm's ability to exceed top and bottom line forecasts provided last quarter - conf call

[08:57] {Threei}  - Note: Back on 2/19, co. expected normal to greater than normal seasonal decline in Q2; guided FY09...more...

[08:58] {Threei}  AUY formed 9.90 - 10

[09:00] {ese} was there news  for auy vad?

[09:01] {Threei}  no

[09:01] {Threei}  gold strength is helping it

[09:02] {nemo} ese, check all the gold and silver stocks

[09:03] {ese} will do

[09:10] {Threei}  AUY took 10

[09:11] {nemo} I have it @10.05 between 7:54-8:00

[09:13] {pita} gm all

[09:13] {Threei}  pita :)

[09:14] {ese} pita

[09:14] {pita} hi ese

[09:15] {dptl} good morning all

[09:15] {Threei}  dp :)

06[09:16] * nemo slaps magoo around a bit with a large trout

[09:24] {patience} good morning RT   :)

[09:25] {Threei}  patience :)

[09:25] {ese} hmmmm    haven't seen the TRIN index at 4.16 since sept / nov

[09:25] {ese} patience

[09:25] {chinggis} gm all

[09:25] {ese} cha ching

[09:26] {jfjf64} mornin

[09:26] {ese} patience....gold is your specialty......what do you make of AUY

[09:27] {Threei}  shingis, jf :)

[09:28] {ese} jf

[09:28] {jfjf64} lets get em today  boys

[09:29] {ese} some major selling goin on  with that trin index at 4+

[09:30] {dino} gm

[09:30] {patience} let me look ese

[09:30] {Threei}  dino :)

[09:30] {ese} dino

[09:30] {Threei}  watching WFC for pullback

[09:32] {ese} i'm thinkin bstop at .06 for auy patience

[09:32] {patience} ese, daily and weekly rsi for AUY ... i wouldn't buy and hold...good for a scalp.  i sold all of my underlying gold stocks early yesterday morning and just hold calls right now

[09:32] {patience} looking

[09:32] {ese} good to know tks

[09:33] {Threei}  around 23.90 first interest but not an entry by default

[09:33] {Threei}  just prepare order woth .95 limit and sit pretty

[09:34] {patience} i don't see gold futures popping yet ese, i am just waiting

[09:35] {Threei}  no pullback

[09:35] {Threei}  don't want to chase it

[09:37] {ese} tks patience

[09:38] {patience} :)    my puts on potash....happy day

[09:38] {ese} don't have access to old futures chart...where do you get that from

[09:38] {ese} gold

[09:39] {jfjf64} wfc

[09:41] {patience} i watch bnn and also feed from Kitco

[09:44] {ese} kitco....? whats that

[09:44] {Threei} Long Setup:  HIG  under .10

[09:45] {nemo} http://www.kitco.com/

[09:45] {patience} www.kitco.com    its a gold site i use

[09:48] {ese} tks   will look into that

[09:48] {Threei}  HIG 1:1

[09:51] {ese} l drys .46

[09:54] {pita} with you ese - stop?

[09:54] {ese} .36 pita   have a couple of lots

[09:54] {pita} ty

[09:55] {ese} q's not going in our favor thought

[09:55] {Threei} Long Setup:  GERN  .95 break

[09:55] {Threei}  if stays above .85

[09:56] {ese} we;ll see....as dino says....stick to the plan

[09:56] {Threei} Long Setup:  HIG  .10 break if stays above 15

[09:56] {magoo} in hig

[09:59] {ese} yes....thats what we like to see....up now

[09:59] {Threei}  takes too long

[10:00] {Threei}  *APRIL LEADING INDICATORS: 1.0% V 0.8%E

[10:00] {Threei}  - prior revised from -0.3% to -0.2% (related SPY SHY EUR/USD )

[10:01] {ese} come on drys......is the philly fed gonna burn me......

[10:02] {Threei}  1:1

[10:02] {ese} noooooo.....the q's like it.........you all like the play by play

[10:02] {fernp} out HIG ty VAD

[10:02] {Threei}  welcome

[10:03] {Threei}  GERN 1:1

[10:03] {ese} consolidating .40 to .45 pita......

[10:03] {Threei}  HIG 1:2, full out who held part

[10:04] {Threei}  GERN Ticks up on renewed takeover chatter

[10:04] {Threei}  heh

[10:05] {dino} nearest gaps, 8268, 1355, 882

[10:05] {Threei}  (US) Treasury Sec Geithner: Govt bailout program is helping to improve stability of the financial system - House committee testimony

[10:05] {Threei}  - Govt borrowing risks crowding out private investment. (related EUR/USD GBP/USD USD/JPY USD/CHF USD/CNY TLT SHY )

[10:05] {Threei}  HIG, don't do it

[10:05] {Threei}  GERN over 1:2

[10:06] {dino} schw l .00

[10:07] {magoo} out gern .20 TY vad

[10:07] {Threei}  welcome

[10:07] {dino} fast foods holding well

[10:07] {dino} pnra, bwld, mcd, aipfc

[10:07] {magoo} out hig .53 TY

[10:08] {dino} ed's ok too

[10:08] {Threei}  wow

[10:08] {Threei}  you held it this long?

[10:08] {jfjf64} wow wow

[10:08] {Threei}  wait, let me guess

[10:08] {magoo} yup

[10:08] {Threei}  you bought it and fell asleep

[10:09] {ese} i've done that ....

[10:09] {ese} come on drys....you wanna cover that gap

[10:10] {ese} stopped 1/2

[10:10] {ese} drys -,10

[10:12] {ese} still holding onto 1 lot

[10:12] {ese} we'll see

[10:12] {Threei}  funny symbol... FUQI

[10:13] {pita} out earlier, watching DRYS w you ese

[10:13] {Threei}  btw, don't get scared now but Prez on TV any minute

[10:13] {Threei}  not on economy

[10:14] {ese} ok

[10:14] {Threei}  SCLN Rodman & Renshaw, Inc. Initiates SCLN with Mkt Outperform, price target: $5 (timing uncertain)

[10:14] {Threei}  - likely pre-open

[10:15] {ese} back long drys another lot .35

[10:15] {dino} nvec

[10:15] {dino} crazyu 5 day

[10:16] {ese} avg price .41

[10:16] {dino} watching, nvec, bwld, gme, bwy

[10:17] {Threei} Long Setup:  STT  .110 break half lot

[10:17] {Threei}  under .95 invalidated

[10:18] {Threei}  let's modify it

[10:18] {Threei}  43 break

[10:18] {Threei}  stop under .90

[10:18] {Threei}  half lot!

[10:18] {magoo} in

[10:18] {Threei}  it didn't break yet

[10:19] {nemo} ready...fire...aim

[10:19] {ese} am out drys if it breaks .29

[10:19] {ese} doesn't look as though i'm gonna win here

[10:19] {Threei}  and market is still downticking... aggressive entries are recommended if market leads in your direction

[10:20] {Threei}  US House Appropriations Chair: Cannot support the IMF with US funds until Europeans increase their efforts on stimulus (related EUR/USD USD/CHF GBP/USD BUNDS )

[10:20] {Threei}  wow... do I hear common sense coming from House??

[10:20] {ese} thought that what i was doing with drys ...maybe not

[10:21] {Threei}  wasn't addressed to you ese

[10:21] {Threei}  over 1:1 STT

[10:22] {ese} ok.......was still agressive entry .......hanging on by a thread

[10:23] {ese} somtimes you are the bug sometimes you are the windshield.......

[10:23] {ese} out drys .28

[10:23] {pita} splat!

[10:23] {pita} know the feeling well

[10:23] {ese} too funny

[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'

[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'

[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )

[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'

[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'

[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )

[10:24] {Threei}  sorry for double

[10:24] {nemo} vodka in coffee?

[10:24] {Threei}  who DELL intends to take market share back from?

[10:25] {nemo} HP?

[10:25] {Threei}  hard to imagine anyone would buy HP... but whatever

[10:25] {dino} cern

[10:25] {ese} who in the DELL.....interesting way to phrase it

[10:25] {nemo} have one of their laptops

[10:26] {Threei}  GERN lost its mind

[10:27] {Threei}  can I have my .18 sell back?

[10:27] {ese} am gonna keep watching drys pita.......am gonna give it another shot at 6.50

[10:28] {pita} watching w you

[10:29] {Threei}  STT went over 1:2... mags, what is it you want from it??

[10:30] {ese} 6 is major support for this stock with a 9 target......theres money here somewhere

[10:30] {nemo} yeah, but wouldn't the stop have been moved to b/e after 1:1

[10:30] {Threei}  I just know he is holding itr

[10:30] {nemo} itri?

[10:30] {Threei}  so I am trying to nudge him back into reality

[10:30] {nemo} why? he's never been there

[10:31] {Threei}  but I am still trying

[10:31] {Threei}  I don't give up on people

[10:31] {Threei}  even on magoo

06[10:31] * nemo slaps magoo around a bit with a large dose of Vadreality

06[10:31] * Threei slaps magoo around a bit with a large dose of realty in a bottle

[10:31] {nemo} oh shit

[10:32] {nemo} Funny, never looked for reality in a bottle :)

[10:33] {Threei}  (CA) Canadian Fin Min: Canada is not making preparations to place limits on Credit Card interest rates (related DFS AXP MA V COF )

[10:33] {Threei}  good

[10:39] {dino} sm l bwld .53

[10:44] {dino} intc l .24

[10:53] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[10:58] {Threei}  (US) House Panel reportedly rejects proposed renewable energy legislation with nuclear clauses

[10:58] {nemo} figures

[11:02] {Threei} Short Setup: CAT  .70

[11:03] {nemo} too fast

[11:06] {Threei}  US Treasury Sec Geither: US must implement policies that encourage a sustainable confidence in the USD

[11:06] {Threei}  yes please

[11:12] {magoo} HIG prob good here

[11:12] {nemo} stop

[11:12] {Threei}  not sure mags

[11:12] {magoo} i am

[11:12] {magoo} .15 when i said it

[11:13] {Threei}  good luck then

[11:13] {nemo} hehehehe

[11:16] {Threei}  HIG is kind of 50/50 here mags

[11:16] {Threei}  not a trade I would be willing to put on now

[11:16] {nemo} why 50/50 now?

[11:16] {Threei}  we are 4 for 5, why dive again in that pattern of small stops destroying profits

[11:17] {Threei}  breaking the pattern of lacklustre days I prefer to keep profit and remain on conservative side, especially coming into long weekend

[11:17] {nemo} so, it's not pattern specific?

[11:17] {Threei}  what?

[11:18] {nemo} on HIG

[11:18] {nemo} it's probability?

[11:18] {Threei}  what pattern is that?

[11:18] {Threei}  I see no pattern

[11:18] {nemo} Guess that's the point, just running a channel

[11:19] {magoo} well..financials started a bounce when i called it...plus mkts started a slight bounce

[11:19] {magoo} it should be scalpable

[11:19] {magoo} stop .97

[11:19] {Threei}  yes, and add to that the fact that this whole week market tended to fall into random moves after brief period of opening activity

[11:19] {magoo} thinking .47 ecxit

[11:20] {magoo} but heh..who knows..who cares

[11:20] {magoo} take it..scalp it..or stop it:)

[11:21] {magoo} RF moving wfc moving stt moving

[11:21] {magoo} HIG...GET MOVINMG HE HE

[11:21] {ese} out to teach a class catch you all in an hour or so.......i may miss dyrs run

[11:21] {Threei}  we will hold the lid on it ese

[11:21] {nemo} maybe not Magoo though

[11:22] {jfjf64} see ya ese

[11:22] {magoo} ill go long drys ESE, that will hold it down for u

[11:22] {ese} tks vad appreciae that.....oh for sure mags will definately profit at my expense

[11:22] {ese} se what i mean

[11:22] {fernp} I am long drys 6.26 ese

[11:26] {nemo} gold an silver coming back

[11:26] {patience} bought more calls of Goldcorp hour ago

[11:26] {patience} geithner started speaking, pop goes gold

[11:27] {nemo} soon the greenback will only good as toilet paper

[11:27] {nemo} on second thought, won't even be good for that

[11:27] {patience} stop, you'll make vad cry

[11:28] {nemo} why...he's Loonie?

[11:28] {Threei}  give it a 3 seconds thinking

[11:28] {Threei}  not more to avoid crushing headaches

[11:28] {nemo} you told me not to think :)

[11:29] {nemo} Let me stand up and take the pressure off my brain

[11:35] {nemo} Trading tomorrow before the holiday, should be quiet...probably means it won't

[11:37] {dino} snps

[11:38] {jfjf64} 9.00 break  fas   what ya  think  vad

[11:39] {dino} dw

[11:39] {Threei}  nah

[11:39] {Threei}  spiked into 9 from 8.90

[11:39] {Threei}  not without pullback

[11:39] {jfjf64} see that 

[11:39] {Threei}  and come consolidation between these two levels

[11:40] {jfjf64} tkin time  but  see paths  we  tk    ty

[11:41] {magoo} wow

[11:41] {dino} would like to see 1355 and 882 fill

[11:41] {magoo} i had offer out there .47 stt..went get coffee..look at top

[11:42] {Threei}  jeez... you held your STT all this time?

[11:42] {magoo} no

[11:42] {magoo} reentered on hig call

[11:42] {Threei}  okay

[11:42] {magoo} btw..hig working

[11:44] {magoo} .16 cents HIG

[11:44] {magoo} no complaints

[11:45] {jfjf64} goota  run   see  ya  guys  in  little

[11:45] {Threei}  tak care jf

[11:48] {dino} cya jf

[11:50] {pita} gotta go, happy huntin'

[11:51] {Threei}  pita :)

[11:52] {Threei}  dino

[11:52] {Threei}  it's offical: we are in minority

[11:52] {dino} cya pita

[11:52] {Threei}  55% Back Higher Fuel-Efficiency Standards  Even If Car Costs More

[11:52] {dino} yeah, but 85% will not buy them

[11:52] {Threei}  true

[11:53] {Threei}  yapping and acting are two different things

[11:53] {dino} hey, i'd like more efficiency, but i'm not sizing down for 5 extra miles/gallon

[11:55] {Threei}  AUY did it, but I'll be damned if I could read that move i=on intraday

[11:56] {nemo} slw on break of .45?

[11:57] {Threei}  by chart yes

[11:57] {Threei}  problem is, these names do not really trade on their own merits

[11:57] {Threei}  they follow gold/silver

[11:57] {Threei}  and I don't have read on those

[11:58] {nemo} where's patience?

[12:01] {dino} sm l dw .75

[12:04] {patience} where's nemo?

[12:04] {nemo} swimming

[12:04] {nemo} poking cyclops eye out

[12:05] {dino} who's nemo?

[12:05] {nemo} what's a matador?

[12:06] {dino} what's on second

[12:08] {Threei}  GM Reportedly UAW reaches agreement with the US Treasury and GM; includes modifications to labor contracts and to VEBA trust (related F.IT F )

[12:09] {dino} ddrx

[12:09] {dino} these coffee co. are wierd

[12:11] {magoo} hey look HIG

[12:11] {magoo} out

[12:12] {magoo} [11:19] {magoo} thinking .47 ecxit

[12:17] {Threei}  good job

[12:26] {Threei}  how do finnies stay near highs while market goes for breakikng the lows?

[12:27] {magoo} thgey are strong..so if mkts ripped up..the would too

[12:27] {Threei}  that's a very strange divergence

[12:35] {nemo} and this market is normal?

[12:38] {dino}  as normal as it will be for a long time

[12:39] {dino} in my opinion, te difference is the internet, as in everything happens instantly. nobody waits for the news paper to read and think about it anymore

[12:39] {Threei}  I don't know whether there is such thing as normal market

[12:39] {Threei}  it's just a matter of adaptability

[12:39] {dino} therefore reactions are fast, furious, and overreations

[12:40] {Threei}  DRYS is finally showing signs of life

[12:40] {Threei}  LVS Plans to officially open Bethlehem, PA casino 5/22

[12:41] {dino} lots of casinos close to me all of the sudden

[12:44] {dino} ctxs

[12:47] {Threei}  AMGN Teva files patent complaint against AMGN, claiming Sensipar uses a Teva patent

[12:49] {Threei}  hitting day low

[12:49] {ese} i'm back....and missed drys to boot

[12:49] {Threei}  .10 break is worth a try short

[12:49] {Threei}  if stays under .20

[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA

[12:50] {chinggis} sorry what stock vad?

[12:50] {dino} 12:50 bounce time

[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA; to open doors May 22

[12:50] {Threei}  - will debut with 3,000 state-of-the-art slot machines and a variety of dining and entertainment opt...more...

[12:50] {Threei}  AMGN chinggis

[12:50] {chinggis} ty

[12:56] {ese} auchhh nu aye!!!!   i've gotta stop this workin for a livin......it's pains me to see drys like this....

[12:56] {Threei}  lol

[12:57] {ese} if it goes past .75.....who knows where it will end

[12:57] {dino} zzzzzzzzzzzzzzzzzz

[12:58] {ese} how bout CEPH dino

[12:58] {ese} long at 60........

[12:59] {Threei}  no go AMGN

[13:00] {dino}  nice entry

[13:00] {ese} lets have a look then

[13:01] {dino} bwy app. lod, thin

[13:01] {ese} entrez vouszz  where vad

[13:01] {Threei}  huh?

[13:01] {nemo} ceph vad

[13:01] {ese} amgn

[13:01] {nemo} he shorted ese

[13:02] {Threei}  I am beyond lost

[13:02] {Threei}  I'll leave it to you to sort out that dialog

[13:02] {ese} oh oh...got that wrong

[13:02] {dino} stay w/us vad, lol

[13:02] {Threei}  not easy dino, not easy :)

[13:02] {ese} when you said no...go amgn....i thought you were talking to me to consider amgn

[13:03] {nemo} You talkin' to me?

[13:03] {dino} sometimes i expect too much

[13:03] {ese} drys ...ever=ready battery

[13:04] {ese} wheres pita.....did he do anything with drys

[13:05] {ese} auy mosied on up there as well

[13:05] {nemo} and slw

[13:08] {ese} ok dino am considerin 1/2 Ceph at .00

[13:08] {ese} with the price target lowered to 80 from 90.....it's gotta be a sure thing.....it's just gotta

[13:09] {ese} well that attempt at a joke went over like a lead balloon

[13:10] {patience} tough crowd ese    :)

[13:10] {Threei}  going to try FAZ .43

[13:11] {ese} no kidding

[13:12] {ese} how many vad......gonna with ya

[13:13] {Threei}  stop under .35, so calculate your size from it

[13:13] {nemo} kneeslapper ese

[13:15] {dptl} .

[13:15] {dptl} test

[13:15] {Threei}  passed

[13:15] {ese} in .4298

[13:17] {ese} hmmmmmm

[13:19] {Threei}  some youthful enthusiasm all of a sudden

[13:19] {ese} out .47 +.05 and a bit

[13:20] {Threei}  oh come on

[13:20] {dptl} so wierd ..i lost connection to everything but the room

[13:20] {Threei}  no faith whatsoever

[13:20] {Threei}  see dp... gods want you to listen to us only

[13:20] {ese} had too many shs.......05 is good

[13:20] {Threei}  no porn... no quotes

[13:21] {Threei}  too many - 50K?

[13:21] {nemo} vad, he probably had 20000 of the little buggers

[13:21] {ese} no quite

[13:21] {Threei}  offering .51

[13:21] {ese} 5k

[13:21] {Threei}  my a$$ is out

[13:21] {Threei}  5K too

[13:22] {ese} no sense in being greedy now

[13:22] {ese} nice move though

[13:23] {Threei}  5 out of 7 if my math is right

[13:23] {Threei}  much better day than first three

[13:23] {nemo} 3 more calls you'll have to take your shoes off

[13:23] {Threei}  adjusting is happening

[13:24] {Threei}  US Transportation Sec Lahood: US will not increase gas tax this year

[13:24] {Threei}  no?

[13:24] {Threei}  odd

[13:24] {nemo} don't worry, the states will

[13:24] {Threei}  I thopught "increase tax" is new prosperity mantra

[13:24] {ese} just lookin at it it's .04 and a bit not 5

[13:24] {nemo} politician prosperity mantra

[13:24] {Threei}  applicable at all levels, to all goods and services

[13:25] {Threei}  universal

[13:25] {Threei}  tax'em all, and let nobody feel forgotten

[13:25] {nemo} comrade

[13:26] {ese} ahh   wait a minute some did get filled at .42,,,.04 and a bit for some ,05 for some hmmm

[13:26] {Threei}  lol

[13:26] {Threei}  ese... you are as bad at math as any musician

[13:27] {Threei}  ask me how I know

[13:27] {ese} quick scalp trade....anything i could have done to improve that vad

[13:27] {ese} how do you know

[13:28] {Threei}  my wife's math skills lead her to conclusion that she is half my age

[13:28] {ese} ha ha

[13:28] {nemo} my grandmother was 29 for 43 years

[13:28] {ese}  i've been 52 for at least 8 years

[13:29] {Threei}  PIMCO's Gross attributes recent weakness in Bonds, USD, and Stocks due to fears US loses AAA rating

[13:29] {ese} no wait a minute i am 52....that means i got here sooner

[13:29] {nemo} Captain Obvious

06[13:29] * nemo gives vad a tissue

[13:29] {Threei}  it's a pure personal tolerance matter ese... I felt FAZ had some momentum, enough to overcome .50

[13:29] {Threei}  so I offered .51

[13:30] {Threei}  and I hated my performance over last three days so much that I flet I could press just a tad more on a first day when I finally start getting it right

[13:31] {Threei}  I am not pressing in a sense of trying to be overly active yet,

[13:31] {ese} was it prints you were looking at

[13:31] {ese} gave you that feeling

[13:31] {Threei}  but when a trade started moving, at least holding for 1:1 made sense to me :)

[13:31] {Threei}  whole anchilada... look at 1 min

[13:31] {ese} yes i should have done that for sure

[13:31] {Threei}  ascending channel established from 12:00

[13:32] {Threei}  higher lows,

[13:32] {Threei}  flat top around .40 - .42,

[13:32] {Threei}  break of it is entry signal,

[13:32] {ese} hmmm  yes....now that i'm looking at it

[13:32] {Threei}  volume started increasing toward this break

[13:33] {Threei}  thick stocks rarely trade straight up or down, it's always uptick/downtick,

[13:33] {Threei}  this one after the break started making 3 upticks/one downtick dance

[13:33] {Threei}  so... kind of working

[13:33] {Threei}  I let it work

[13:33] {ese} ya ...i'm not use to that yet.....got an uneasy feeling....

[13:34] {ese} call it lack of experience

[13:35] {ese} faz is thick for sure 222,000,000 shs to this point

[13:41] {ese} if fitb gets into that 5 to 6 range.....i'll be thinkin about playing it steady again

[13:42] {Threei}  nice retreat there

[13:42] {Threei}  HBAN too

[13:44] {ese} ya ...when it went haywire gapping up like it did.....i lost touch.....really couldn't tell what it was going to do next

[13:45] {ese} looks like it is coming back down to sanity

[13:56] {ese} outta here until tomorrw.....it's the job thing....would rather be hangin with you all ...take care

[13:57] {fernp} bye ese

[13:59] {dino} cya es

[14:07] {Threei}  PIMCO's BIll Gross: US and UK debt levels moving in wrong direction; not suggesting an imminent US downgrade - CNBC interview (related TLT SHY IEF EUR/USD )

[14:08] {dino} s/p filled

[14:10] {dino} -4% dji, ndx, s/p from yesterday hod

[14:11] {Threei}  starts feeling like crash coming

[14:12] {nemo} short everything?

[14:12] {Threei}  excpet FAZ, QID, SRS etc

[14:12] {nemo} and gold

[14:15] {patience} nope, not gold

[14:16] {nemo} exception patience, sorry if I wasn't clear

[14:16] {Threei} Long Setup:  QID  .70 break half lot

[14:16] {Threei}  if holding above .60

[14:16] {Threei}  if losing it, watch for bounce off .50

[14:16] {patience} i got it nemo   :)

[14:17] {dino} ndx filled

[14:20] {dptl} stopped

[14:22] {dptl} sigh...can't beleive this

[14:22] {Threei}  ?

[14:22] {dptl} got out .69

[14:22] {Threei}  I newver saw it losing .60

[14:23] {dptl} .59 sorry

[14:23] {dptl} i got filled at .59

[14:23] {Threei}  I saw prints out of bounds

[14:23] {Threei}  bid never went under .60

[14:24] {dptl} can't understand this ...i saw .59 and punched..

[14:26] {dptl} oh well the whole week is crap..for me and today i managed to pick all losers :cat amgn ...lol....gonna take a break

[14:30] {nemo} dp...you and I having same run...I started taking week off yesterday, comeback after holiday.

[14:30] {dptl} is it long weekend?

[14:30] {nemo} Memorial Day

[14:31] {dino} monday, no mkt usa

[14:31] {nemo} correct

[14:31] {jfjf64} cat  on  low  of  day   looks  want  to go lower  any read vad

[14:31] {dptl} ok ty

[14:31] {Threei}  everything looks like crashing to me jf

[14:31] {Threei}  that's why I took QID lng

[14:31] {Threei}  long

[14:32] {nemo} [14:11] {&Threei}  starts feeling like crash coming

[14:32] {nemo} [14:12] {nemo} short everything?

[14:32] {nemo} [14:12] {&Threei}  excpet FAZ, QID, SRS etc

[14:32] {nemo} [14:12] {nemo} and gold

[14:32] {nemo} [14:15] {patience} nope, not gold

[14:32] {nemo} [14:15] {nemo} exception patience, sorry if I wasn't clear

[14:32] {jfjf64} just got bk   ty

[14:33] {Threei}  NY: Fed: Dealers submit $13B in 28 day, $75B TSLF auction; $13B accepted; bid to cover ratio 0.17

[14:33] {Threei}  - Stop out rate 0.25%

[14:34] {dino} feels up to gut

[14:34] {Threei}  no crash

[14:34] {Threei}  upticking instead

[14:34] {Threei}  shrug

[14:41] {Threei}  .50 provided nice entry

[14:42] {Threei}  anyone went for it?

[14:45] {dino} nseems i was wrong

[14:46] {jfjf64} nice  read  qid

[14:47] {jfjf64} took  a little  time

[14:47] {jfjf64} wish  i got  involved

[14:47] {Threei}  you didn't short CAT?

[14:47] {Threei}  gave scalp from your mention

[14:48] {jfjf64} did   .58    

[14:48] {jfjf64} half  out .49

[14:49] {dino} 8200 has held since 05-02

[14:53] {Threei}  will try FAZ .70 if holding above .65

[14:54] {Threei}  jf, CAT stop .61 now?

[14:54] {jfjf64} ty

[14:54] {Threei}  feels to me like nice whoosh is coming

[14:55] {Threei}  I wouldn't be in hurry to cover if I were you

[14:58] {jfjf64} .55 took cover   holdin last quarter

[15:02] {jfjf64} .61 last   out

[15:03] {dino}  we are oppisites 3i

[15:03] {dino} wow spelled that off

[15:03] {Threei}  lol

[15:03] {Threei}  opposites complement and balance out each other

[15:03] {dino} lol

[15:10] {jfjf64} ya qid  marcin  again

[15:19] {Threei}  WFC...

[15:19] {dino}  ceph

[15:19] {Threei}  if market is trying for bounce, this one should be able to go to .50 - .60 area

[15:20] {Threei}  trying to find an entry

[15:20] {dino} ogxi continues up

[15:21] {Threei}  that one has no slightest connection with relality

[15:21] {Threei}  it gravity

[15:21] {Threei}  or this univesre

[15:23] {Threei}  ok... .30 break WFC if holding .25

[15:23] {Threei}  invalidated

[15:24] {Threei}  .20 is nice support though

[15:24] {Threei}  so, .25 break if ho,lding above .20

[15:25] {Threei}  ehatever

[15:25] {jfjf64} hmm

[15:27] {Threei}  look at OGXI spreadd

[15:29] {dino}  lol

[15:30] {Threei}  dino... market will prove both of us wrong

[15:30] {Threei}  will just stay here

[15:30] {dino} bidders

[15:31] {Threei}  rug pullers come next

[15:31] {dino} no, an ice cold beer is coming next

[15:32] {nemo} shot of vodka for me on the way out the door gnite maybe cya tomorrow

[15:32] {magoo} i hope so dino.i hope soo

[15:32] {dino} gn nemo, have a good one

[15:34] {Threei}  great... all QFC entries that never triggered and got invalidated, would have been profitable now, lolk

[15:34] {Threei}  WFC that was

[15:38] {dino} wow ogxi put on 2 pts since i said the name

[15:42] {Threei}  what's with GM sudden;y?

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

[15:45] {Threei}  take care dp

[15:46] {dino} cya dp

[15:46] {dino} out intc .17 -.08

[15:46] {dino} -.07 i mean

[15:49] {dino} dw to .59

[15:53] {Threei}  can't believe WFC

[15:54] {Threei}  after all, it was "just close your eyes and buy"

[15:56] {dino} out dw .65, -.10

[16:00] {dino} out schw .80 -.20

[16:00] {Threei}  okay guys

[16:00] {Threei}  aside of this huge missed WFC move, more satisfied with today

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

[16:01] {magoo} nite all

[16:02] {dino} gn all

May 20 2009

The same pattern third day in a row: a few nice wins, a few stops, could have slept in just as well. Not many setups end in follow through instead of shakeout.

 

Session Time: Wed May 20 00:00:00 2009

[07:14] {nemo} morning vinod

[08:00] {magoo} morning

[08:00] {nemo} magus

[08:01] {magoo} BAC was aws low as 10.54 last nite

[08:02] {nemo} yes...all financials popped

[08:04] {Threei}  good morning

[08:05] {Threei}  EGLE baby

[08:06] {magoo} u in and where?

[08:06] {magoo} morning:)

[08:07] {Threei}  [15:55] {Threei} okay guys, taking that leftover of EGLE home

[08:19] {magoo} u looking at anything to trade pre mkt vad?

[08:21] {Threei}  well... looking around, will say if something looks anywhere near attractive

[08:24] {magoo} any read here bacon?

[08:29] {magoo} man..only 14k volume and EGLE hit 7.90

[08:31] {Threei}  and I am not selling until 8

[08:32] {Threei}  or more

06[08:32] * nemo slaps Threei around a bit with a large roll of cash

06[08:32] * nemo slaps Threei around a bit with a large trout

[08:32] {Threei}  told you, 8 was written all over it

[08:35] {magoo} yea..prob is where can i get in without being beheaded/ i dont hold overnite

[08:40] {fernp} good morning everybody

[08:40] {Threei}  fern :)

[08:42] {Threei}  Shares of DSX, EGLE, GNK raised to Buy from Hold at a boutique firm

[08:47] {Threei}  OK... out EGLE .85

[08:47] {Threei}  +.55

[08:47] {nemo} Thought you were waiting for 8?

[08:48] {Threei}  plans change

[08:49] {Threei}  seems to stall

[08:49] {Threei}  knowing its charracter I rather prefer to let go and look for reentry

[08:49] {nemo} twice is twice

[08:55] {pita} gm everyone

[08:55] {Threei}  pita :)

[09:06] {ese} good morning

[09:07] {Threei}  ese :)

[09:07] {ese} things lookin up this morning

[09:09] {ese} we'll see how drys performs......will probably dump my remaining monday position

[09:10] {Threei}  in case you missed it, I sold my EGLE at .85

[09:11] {ese} nice.....this morning during premarket

[09:11] {Threei}  yeah

[09:11] {ese} dare i ask how many?

[09:11] {Threei}  remainder from yesterday's entry at .30, 600

[09:12] {Threei}  sold part yesterday

[09:12] {Threei}  kept overnight little bit

[09:12] {ese} nice to start a day with a profit in your pocket

[09:14] {ese} well lookee here....just as were talking about bulk carriers OCNF hits my screen

[09:14] {Threei}  break over 2 looks significant for it

[09:15] {Threei}  was important resistance

[09:15] {ese} yes

[09:15] {Threei}  COIN Announces $2.1M Registered Direct Offering of Common Stock; Proceeds to Be Used to Retire Debt

[09:16] {jfjf64} mornin

[09:16] {Threei}  jf :)

[09:18] {ese} jf

[09:20] {nemo} mags, where's dino?

[09:20] {dptl} good morning all

[09:21] {cosmo} BEXP needs to fill a gap  ...to 3.50  i would think...

[09:21] {Threei}  dp, cosmo :)

[09:21] {cosmo} 3i:)

[09:23] {Threei}  California Treasurer Lockyer: Looking for a backstop from the US government, notes the state needs to cut $20B from budget by June 1

[09:23] {Threei}  Preview: Treasury Secretary Geithner scheduled to testify on TARP before the Senate Banking Committee at 9:30amET

[09:24] {ese} thats Arnolds salary isn't it......no problem

[09:25] {ese} just don't take it from Disneyland until after we go....

[09:25] {dino} gm all

[09:25] {dino} isis?

[09:26] {magoo} vad..lets keep eye on CAT today

[09:27] {ese} dino

[09:27] {dino} gm es

[09:27] {Threei}  dino :)

[09:28] {Threei}  why mags?

[09:28] {nemo} dino

[09:29] {magoo} got a feeling

[09:29] {Threei}  my EGLE sell at .85 starts looking pure genius

[09:30] {nemo} How's the shoulder?

[09:30] {nemo} jeez

[09:30] {Threei}  *TREASURY'S GEITHNER: TOXIC ASSET PLAN TO OPERATE IN NEXT 6 WEEKS

[09:30] {Threei}  sheesh nemo... it's just a setup to say "now it looks very stupid:" whne it hits 8

[09:31] {nemo} Ohhhhhhhh

[09:31] {nemo} our humor is so jaded around here

[09:31] {Threei}  BAC CEO Lewis: Expects to see more merger activity in banking sector; BoA has enough on its hands for the mome

[09:33] {ese} L OCNF .97

[09:34] {Threei}  WFC

[09:34] {Threei}  this pullback for long

[09:34] {Threei}  half lot .90 break

[09:34] {Threei}  stop under .85

[09:34] {Threei}  .80 sorry

[09:35] {nemo} in

[09:35] {dptl} in

[09:35] {magoo} in

[09:37] {Threei}  half out

[09:37] {Threei}  26

[09:38] {fernp} out, ty Vad

[09:38] {magoo} u like EGLE down here?

[09:38] {Threei}  out in full 26.10

[09:39] {Threei}  not sure mags

[09:41] {Threei}  CAT

[09:42] {dptl} ty wfc all out

[09:42] {Threei}  welcome

[09:42] {ese} opps sorry forgot to say ...out ocnf  .05 +.07

[09:45] {Threei}  BRCM, lookinf for pullback entry

[09:46] {Threei}  jumped...

[09:46] {pita} CAT too

[09:48] {Threei} Long Setup:  SOLR  6.31

[09:48] {Threei}  stp under .20

[09:48] {nemo} jumpe

[09:48] {nemo} jumped

[09:49] {dino} brc, adi

[09:49] {magoo} missed that

[09:49] {dptl} ya me too

[09:49] {Threei}  EGLE exit still looks good

[09:49] {magoo} caught CAT off vads mention tho @ 38

[09:49] {magoo} oout ..34

[09:49] {magoo} TY

[09:49] {dino} epiq

[09:50] {Threei}  SOLR over 1:1 in an unlikely case anyone got it

[09:50] {magoo} out .36  i mean

[09:50] {magoo} wish i had

[09:50] {ese} thought about it  but thats it

[09:51] {nemo} had already jumped when I got it on screen

[09:52] {jfjf64} de

[09:52] {chinggis} DRYS vad?

[09:52] {Threei}  JNPR, looking for pullback to or under 23 for wentry

[09:52] {ese} L CENX .11

[09:53] {Threei}  not sure chinggis... don't like its weakness while market goes

[09:53] {chinggis} ok ty

[09:54] {Threei}  CAT Update: North American dealer sales -51% from 3 months to April ; Global dealer sales -39%- filing

[09:54] {ese} out cenx .18 +.07

[09:54] {Threei}  JNPR, if market spikes, .15 break is valid play as well, just a bit more risky

[09:56] {jfjf64} nice  puulback  de   ??

[09:57] {Threei}  too jumpy jf, no read

[09:57] {jfjf64} ty

[09:57] {Threei}  (US) Treasury Sec Geithner: Unwinding government interventions is a big challenge, not time to withdraw interventions quite yet - Senate testimony

[10:00] {Threei} Long Setup:  SOLR  .45 break

[10:00] {Threei}  if stays above .35

[10:01] {dptl} in

[10:01] {nemo} in

[10:02] {magoo} in

[10:02] {ese} missed it

[10:02] {Threei}  JNPR chose break

[10:02] {magoo} in .15

[10:02] {Threei}  stop for scalpers .08

[10:03] {nemo} missed

[10:03] {Threei}  for daytraders under 23

[10:03] {nemo} look at big order @ .51 on solr

[10:07] {nemo} stopped solr

[10:07] {dptl} stopped solr

[10:09] {dino} itri at it again

[10:10] {jfjf64} this jnpr   want to  explode

[10:10] {jfjf64} market help

[10:10] {jfjf64} pull back  cat  vad

[10:12] {Threei}  knowing how it pulls back, I would prefer to see it near .40 to get excited

[10:12] {jfjf64} ty vad

[10:13] {magoo} GE bounce vad?

[10:14] {ese} you in itri dino

[10:15] {Threei}  well, if market picks up .26 long mags

[10:15] {Threei}  with stop under .20

[10:15] {magoo} ok

[10:15] {Threei}  I would prefer deeper pullback

[10:16] {ese} 1/2  L itri 

[10:16] {ese} .45

[10:17] {ese} out itri .-72

[10:17] {nemo} -72 ese?

[10:17] {ese}  .72 

[10:18] {ese} just popped up there so i took it

[10:18] {ese} +.27

[10:20] {ese} must have been an avg price....i didn't even see a print for .72

[10:20] {dino} sm s brc .42

[10:21] {ese} dino you L itri

[10:21] {Threei}  JNPR 1:1 for scalpers

[10:21] {dino} not yet es

[10:21] {fernp} out. ty very much

[10:21] {dino} short in at 59.50 sm

[10:22] {ese} went L .45 out .72   it's till climbing

[10:22] {dino} gj

[10:23] {dino} thing was +7 yesterday

[10:23] {dino} getting a bit overdone imo

[10:23] {ese} i'll say

[10:24] {magoo} out jnpr .25 TY vad

[10:24] {ese} let me see......25000 shares  hmmmm +7......just kidding

[10:24] {Threei}  sure

[10:24] {Threei}  frikin CAT

[10:24] {dino} dji may highs

[10:25] {jfjf64} yikes

[10:25] {magoo} yea CAT..coulda made my day

[10:25] {fernp} BAC breakout, Vad?

[10:26] {Threei}  .25...

[10:26] {Threei}  let's see where it bottoms out on this pullback

[10:26] {Threei}  to place stop

[10:26] {fernp} ok

[10:28] {jfjf64} cat  pullback??

[10:28] {jfjf64} lk rollin  dice  correct

[10:30] {Threei}  *DOE CRUDE: -2.1M V -1.2ME; GASOLINE: V -1.2ME; DISTILLATE: V +1ME; CAPACITY UTILIZATION: % V 84.1%E - Distillate demand K bpd to M bpd

[10:31] {Threei}  CAT moves with market but doesn't give much of delay for entry

[10:31] {Threei}  .10 worth a try

[10:31] {Threei}  if holding above 39

[10:31] {jfjf64} k

[10:31] {Threei}  GASOLINE:-4.3M V -1.2ME; DISTILLATE:+670K V +1ME;

[10:32] {dino} sm s adi .61, stop .91

[10:32] {ese} L dell .54

[10:32] {ese} stop .44

[10:35] {Threei} Short Setup: KLAC  .70

[10:35] {Threei}  if stays below .80

[10:36] {dino} gremlins are back, have to shut down trade computer

[10:36] {nemo} what's happening Dino?

[10:37] {dino} email envelopessaying my message was unable sent. thing is i do not use email on this computer

[10:37] {nemo} do any surfing?

[10:38] {nemo} sounds like it's part of a bot net

[10:38] {nemo} in

[10:38] {dptl} in klac

[10:40] {dino} brc stopped -.31

[10:44] {ese} to the well too many times maybe this morning.....Dell not workin for me

[10:44] {ese} oop wait a minute

[10:45] {dptl} stopped klac

[10:45] {nemo} stopped klac

[10:45] {Threei}  JNPR 2 cents of 1:1 for daytraders

[10:46] {Threei}  let's exit it

[10:46] {Threei}  market becomes this "aimless up and down" again

[10:46] {ese} agreed

[10:46] {Threei}  don't want to let it slip away

[10:47] {ese} indeed

[10:48] {Threei}  look at it dropping

[10:51] {ese} du du du du ......come on dell.....

[10:51] {dino} adi stopped -.30

[10:54] {Threei}  GM Cuts Canadian dealerships by 42%

[10:54] {ese} plant closures?

[10:57] {jfjf64} any  read  cat  

[10:58] {Threei}  .50 is natural support for it

[10:58] {Threei}  let's see what market does when CAT approaches it

[10:58] {Threei}  need market help, CAT mostly moves with it

[11:00] {Threei}  jumped with not much chance for entry

[11:00] {jfjf64} mind  of its own

[11:01] {nemo} mmhhh fas and wfc going south...all financials going south

[11:02] {Threei} Long Setup:  EGLE  .56 if stays above .50

[11:03] {dptl} in

[11:03] {nemo} in

[11:04] {magoo} in

[11:05] {jfjf64} cat

[11:09] {Threei}  market is losing support

[11:09] {nemo} get out of egle?

[11:09] {Threei}  that's personal call

[11:11] {Threei}  if market breaks dow, CAT .50 break is tempting short

[11:12] {jfjf64} in .47

[11:12] {ese} out dell .48 -.07..........gonna wait the market oout a little

[11:13] {jfjf64} yikes

[11:17] {Threei}  cover half CAT here

[11:17] {jfjf64} yes

[11:18] {Threei}  sharp drop, scalpers exit

[11:18] {jfjf64} .39

[11:18] {dino} back

[11:19] {Threei}  took a w(h)ile dino...

[11:19] {dino} ok, on other system, s brc .60; s adi .99

[11:19] {Threei}  computer's OK?

[11:19] {dino} epiq taunting me

[11:19] {jfjf64} .43  remainder

[11:19] {dino} watching t

[11:20] {dino} we'll find out 3i, full scan, 5 threats, resolved, i hope

[11:20] {Threei}  SEC votes 3-2 to give investors greater proxy access

[11:21] {nemo} does egle become a short if it loses .50?

[11:21] {Threei}  cover CAT in full

[11:21] {nemo} sout egle

[11:22] {Threei}  +.30

[11:22] {dptl} sigh...stopped egle

[11:23] {Threei}  wow, even that cover was oo soon

[11:25] {dptl} well....looks like i am done for the day again :(

[11:25] {Threei}  didn't take CAT dp?

[11:26] {dptl} was it a call? CAT .50 break is tempting short

[11:27] {dptl} i thought its just tempting lol

[11:27] {Threei}  sheesh

[11:27] {Threei}  I am retiring

[11:27] {Threei}  you guys only need color alert to consider a tarde, not looking at the chart?

[11:28] {Threei}  then I do more damage to your trading than help it

[11:28] {nemo} calling me a tarde?

[11:28] {Threei}  you may like the trade or not, no problem with that

[11:28] {Threei}  but to skip it only because there was no color alert, this I don't get

[11:29] {jfjf64} red light  green light 123   lol

[11:29] {Threei}  yeah

[11:31] {dptl} could not take it anyway ,was in egle alredy,and want to stay within my risk limit for the day

[11:32] {jfjf64} got to  run    be  back  later

[11:33] {dino} cya jf

[11:35] {Threei}  JNPR was capable of more...

[11:35] {nemo} egle vad

[11:35] {Threei}  and frikin KLAC was a shakeout job

[11:36] {dino} isle

[11:36] {dino} wynn too

[11:37] {dino} adi stuck bstop to .06

[11:38] {dino} sm l mygn .90, stop lod

[11:42] {ese} nice exit from dell on my part.......

[11:43] {nemo} how's your shoulder ese?

[11:43] {ese} i take  $200 loss big deal.......

[11:43] {ese} still sore

[11:43] {nemo} cortisone shot...take a few days off from the skins

[11:44] {ese} tried to hit some balls on the weekend but had to stick with wedges...no drivers

[11:44] {ese} no cortisone for me

[11:45] {ese} Melvin Franklin of the Temptations died from too many of those shots

[11:48] {dino} sm s itri .50, wide

[11:56] {dino} snda drop

[11:59] {pita} later all

[11:59] {Threei}  take care pita

[12:02] {dino} cya pita

[12:14] {dino} brc to b/e

[12:15] {dino} thing won't drop

[12:15] {Threei} Long Setup:  CAT  .40 break

[12:15] {Threei}  if stays above .30

[12:18] {Threei} Short Setup: OGXI  .70 - .80 area small shares, stop above 14

[12:19] {Threei}  small shares, volatility is huge

[12:21] {dino} cov itri .00, +.50

[12:27] {dino} adi bstop to .75

[12:28] {dino} stopped adi, +.25

[12:28] {Threei}  let's trail CAT to .34

[12:34] {chinggis} Vad any read on THC?

[12:34] {Threei}  not really

[12:34] {chinggis} ok ty

[12:34] {Threei}  bidding OXGI .35

[12:35] {Threei}  timely tightening on CAT

[12:35] {nemo} lunch timely :)

[12:35] {dino} cov brc .31, +.29

[12:38] {Threei}  100 filled

[12:38] {Threei}  200 left

[12:38] {Threei}  come on unknown seller

[12:39] {Threei}  100 more

[12:39] {Threei}  100 left

[12:39] {Threei}  done

[12:39] {Threei}  +.40

[12:39] {nemo} amazing how much the spread tightened

[12:39] {nemo} now spread back out

[12:40] {nemo} You should go into bomb disposal

[12:44] {Threei}  RGLD Announces Reserve Increases - Gold reserves +30% to 64.2M ounces

[12:59] {Threei}  BAC refuses to sell with market and FAS

[12:59] {Threei}  interesting

[13:00] {nemo} see what selling 1.25 billion shares can do for you

[13:01] {Threei}  .60 break becomes menaingful trade

[13:02] {Threei}  stop under .55

[13:04] {nemo} stop

[13:04] {Threei}  to quote dp earlier, "sigh"

[13:08] {nemo} mygn Dino

[13:14] {dino}  stopped out .63 nemo

[13:15] {nemo} looks like it might be bottoming though

[13:22] {dino} gremlins back, out for awhile

[13:29] {chinggis} drys

[13:38] {Threei}  Preview: Minutes of the April 29 FOMC meeting and Fed's revised quarterly economic forecast due out at 2pmET **The main focus will likely be on any discussion of future plans for the timing and scope of furthe

[13:42] {Threei}  9.40 break FAS was standard play

[13:42] {Threei}  now... after so many of those not qworking,

[13:42] {Threei}  how do you go for another one?

[13:52] {Threei}  BAC forms another ascending triangle for .60 break

[13:52] {Threei}  decide if you are willing to try

[13:52] {magoo} ok..in .59

[13:54] {jfjf64} in.61

[13:58] {jfjf64} ton shares .56

[13:58] {Threei}  every level has tons

[13:59] {jfjf64} y

[14:00] {Threei}  don't pay attention to those levels on such thick stocks on level 2

[14:00] {Threei}  they have no significance

[14:00] {jfjf64} need  market  help   fas  

[14:01] {Threei}  *MINUTES OF APRIL 29 FOMC MEETING/FED FORECAST: SAW POTENTIAL TO BUY MORE ASSETS; see a deeper recession in 2009, slower recovery in 2010

[14:01] {Threei}  -0 Housing may be nearing a trough, with housing prices slow

[14:01] {Threei}  - GDP 2009 -1.3- to -2.0

[14:01] {jfjf64} stoped

[14:03] {magoo} yup

[14:09] {Threei}  US House reportedly approves credit card bill

[14:10] {Threei}  interesting how all this hoopla around credit cards doesn't really affect AXP or V prices

[14:11] {nemo} those bills don't take effect for a year after they're signed

[14:18] {dino} mygn nemo you were right

[14:18] {nemo} Ahhhhhh....my broken clock moment

[14:19] {nemo} except it had that shakeout above the lod before going higher.  Been a lot of shakeouts lately

[14:21] {Threei}  a lot?

[14:21] {Threei}  I'd say nothing but shakeouts

[14:21] {Threei}  those trades that worked almost seem like accident

[14:21] {nemo} I try not to be so absolutist

[14:21] {nemo} Yeah, always one shakeout early

[14:24] {Threei}  I intend to try GERN .77

[14:24] {magoo} is it a mover?

[14:24] {magoo} or slow?

[14:24] {nemo} O.K. what movie?  "No try, do or not do."

[14:24] {Threei}  you don't remember GERN?

[14:25] {dino} bwld stop to .92

[14:25] {magoo} nope

[14:25] {Threei}  wow... that redefines "day trader's memory"

[14:26] {Threei}  stop under .65, if doesn't resolve today will be willing to hold

[14:26] {dino} out bwld ave.93, +.33

[14:27] {nemo} don't remember you going in Dino

[14:28] {dino} when gremlins hit, switched systems

[14:28] {dino} had to cut off room

[14:28] {Threei}  what's with PEGA?

[14:28] {nemo} forgot about snda

[14:28] {Threei}  don't see any news

[14:28] {dino} also took idcc .25l, t .44 l, bwy .14 l sm

[14:29] {nemo} looks like pega might become icarus

[14:29] {dino} cgrb

[14:38] {Threei}  PALM BBY notes that may run out of Palm Pre in first week

[14:39] {Threei}  limited supply in first two months due to limited supply

[14:39] {Threei}  nice explanation

[14:39] {dino} lol

[14:40] {Threei}  reminds me my secretary back in Ukraine,

[14:40] {Threei}  being late for work she explained:

[14:40] {nemo} Reminds me of Governor Lepetomaine

[14:40] {Threei}  I left home too late,

[14:40] {Threei}  and when I asked why she didn't leave home earlier, she said:

[14:40] {Threei}  it was too late to leave earlier

[14:41] {nemo} Hey Dino, remember this line:  "Governor, think of your secretary"

[14:42] {dino} itri hod

[14:42] {dino} no

[14:42] {nemo} Blazing Saddles

[14:43] {dino} don't remember much of that one

[14:44] {nemo} me neither, just a few

06[14:45] * Threei kicks GERN in the rear

[14:48] {Threei}  did I kick it in the wrong side?

[14:49] {nemo} right at resistance

[14:49] {Threei}  I don't see much resistance up to 7

[14:50] {Threei}  6.85 is minor one

[14:50] {Threei}  rather fluke

[14:50] {Threei}  Update: US Govt has cleared California to receive $8B in stimulus for Medicaid - LA Times

[14:50] {nemo} yes.  window on daily chart between 6.92 and 7.10

[14:51] {Threei}  REDF Ticking higher on takeover chatter circulating

[14:51] {Threei}  Indian company

[14:51] {nemo} internet I believe

[14:52] {dino} sm s itri .96

[14:53] {dptl} have a good evening all....

[14:53] {Threei}  GERN baby

[14:53] {Threei}  let's tag that 7

[14:53] {Threei}  take care dp

[14:53] {dino} bwy stop to .45

[14:55] {Threei}  half out GERN

[14:57] {dino} out bwy .46, +.32

[15:03] {nemo} cya tomorrow folks

[15:03] {jfjf64} later nemo

[15:03] {Threei}  take care nemo

[15:05] {dino} cya nemo

[15:14] {jfjf64} s wfc .34

[15:18] {dino} cov itri .72, +.24

[15:37] {Threei}  let's decide

[15:38] {Threei}  bounce or breajkout for the eod?

[15:38] {Threei}  or breakdown, sorry

[15:38] {dino} bounce

[15:38] {dino} close green

[15:38] {Threei}  then WFC .50 break

[15:40] {dino} bwy l .32

[15:40] {Threei}  breakdown

[15:41] {dino} head fake

[15:41] {dino} maybe not

[15:43] {patience} POT finally broke

[15:49] {dino} bwy to b/e

[15:50] {dino} out

[15:51] {vinod} sorry I missed you guys today

[15:51] {vinod} vad-will do it this weekend

[15:51] {Threei}  do what?

[15:51] {Threei}  miss us? :)

[15:52] {vinod} take care of payment

[15:53] {Threei}  not sure what payment, but if it's a payment to me - I appreciate that

[15:53] {Threei}  sorry vinod, I am not really aware of that side of business :)

[15:58] {Threei}  third day of chop chop

[15:59] {Threei}  what was it in japan, lost decade?

[15:59] {Threei}  I have this feeling, it's going to be a lost week

[15:59] {Threei}  at least today there were 4 nice winning ones

[16:00] {Threei}  not nearly enough to make it worthwile day

[16:00] {Threei}  thank you all, have a good evening

[16:00] {Threei}  see you tomorrow

[16:01] {dino} the streak has ended

[16:01] {Threei}  HOTT

[16:01] {Threei}  btrutal

[16:01] {Threei}  HOTT Reports Q1 $0.03 v $0.02e, R$175M v $174.7Me

[16:01] {Threei}  - Q1 SSS %

[16:01] {Threei}  - Guides Q2 EPS $ v $0.01e

[16:01] {Threei}  - Guides Q2 SSS

[16:02] {fernp} good evening all

[16:02] {Threei}  PETM Reports Q1 $0.37 v $0.30e, R$1.33B v $1.32Be