Apr 27 2010

Beautiful strong performance for the day, with a lot of nice juicy trades on both sides, long and short. MGM, LVS, AIG, MOS - some of them a few times and most for much more than scalps.

Session Time: Tue Apr 27 00:00:01 2010

[08:05] {magoo} mornink comrades

[08:35] {Threei} X

[08:35] {Threei} United States Steel Corp Reports Q1 -$1.10 v -$1.43e, R$3.9B v $3.8Be

[08:36] {Threei} UAUA

[08:36] {Threei} UAL Corp Reports Q1 adj -$0.55 v -$0.90e, R$3.87B v $4.2Be

[08:36] {Threei} - Q1 CASM +8.6% y/y

[08:36] {Threei} - Q1 RPM (revenue passenger miles) +2.6 y/y

[08:36] {Threei} - Q1 ASM (available seat miles) -3.3% y/y

[08:36] {Threei} - Q1 Load factor 80.4% v 75.7% y/y

[08:36] {Threei} Ford Motor Co Reports Q1 $0.46 v $0.31e, R $28.1B v $31Be

[08:36] {Threei} - Now expects to deliver solid profits this year with positive Automotive operating-related cash flow

[08:43] {dptl} good morning

[08:43] {Threei} dp :)

[08:43] {Threei} GR) Reportedly Greece Civil Servants Union to participate in planned May 5th stike

[08:43] {Threei} but of course

[08:43] {Threei} how dare you cut our anything

[08:50] {ese} morning

[08:50] {Threei} ese :)

[08:50] {nemo} dude

[08:51] {ese} dude

[08:54] {shorty} Good morning

[08:54] {ese} shorty

[08:54] {Threei} shorty :)

[08:56] {shorty} GS shorted the housing market, and that is why they are being investigated? long story short

[08:56] {shorty} Was watching msnbc and caught a bit of it

[08:57] {Threei} lol

[08:57] {Threei} how dare they profit from the fall

[08:57] {Threei} [15:56] {Threei} grest

[08:57] {Threei} [15:56] {Threei} GS shorting mortgages now is being labeled as "betting agains America"

[08:58] {Threei} [15:57] {Threei} history repeats... just as Jese Livermore was blamed with his shorting 1929

[08:58] {shorty} ty Threei

[08:58] {shorty} I am a bit ADD

[09:00] {Threei} *(US) S&P/CASE-SHILLER HOME PRICE INDEX: 144.03 V 145E; COMPOSITE-20 INDEX (Y/Y): +0.6% V-0.1%E

[09:00] {Threei} - prior revised from 145.32 to 145.27

[09:00] {Threei} *(GE) GERMANY APR CPI NORTH RHINE WESTPHALIA M/M: -0.2% V 0.6% PRIOR; Y/Y: 0.8% V 1.2% PRIOR

[09:08] {Threei} Tuesday, April 27, 2010 9:02:37 AM

[09:08] {Threei} (GR) Greece Fin Min Papaconstantinou: Need for credit adjustment is greater after deficit to GDP revision to 13.6%

[09:08] {Threei} - Expects the EU-IMF talks to conclude next week

[09:08] {Threei} - Talks with EU/IMF must be completed by May 19th, deemed as a pivotal date

[09:08] {Threei} - Is "absolutely sure" will have funds by May 19th

[09:08] {Threei} - No room to waver from budget targets

[09:08] {Threei} - Says is prepared to "clash on making reforms"

[09:08] {Threei} - *** Insight: May 19th corresponds maturity of 8.5B of deb

[09:10] {larisa} gm :)

[09:10] {Threei} larisa :)

[09:11] {shorty} gm

[09:11] {fernp} Good morning everybody

[09:11] {Threei} fern :)

[09:11] {Threei} shorty you forgot... you already greeted us

[09:11] {RonS} gm all

[09:11] {Threei} ron :)

[09:12] {shorty} larisa back from vacation

[09:12] {shorty} Also, did you not read the ADD part THreei?

[09:12] {Threei} I did

[09:12] {Threei} I also noticed she was back from vacation yesterday...

[09:12] {dino} gm all

[09:12] {Threei} dino :)

[09:12] {shorty} lol

[09:12] {larisa} gm shorty :)

[09:13] {shorty} Well, my bad.

[09:18] {Threei} GS not finding firm footing

[09:21] {dino} caveman (cavm), amed, nty, cmi

[09:24] {lasertrev} good morning

[09:24] {Threei} trev :)

[09:26] {Threei} no single clear play for the open

[09:27] {Threei} F is on radar

[09:28] {Threei} 14.60 is 52 week high break

[09:29] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:31] {magoo} rimm trying

[09:31] {Les} pain in the butt server

[09:31] {Les} morning

[09:31] {Threei} les :)

[09:32] {Threei} Long Setup: F .25 break if stays above .20

[09:32] {Threei} and 5 cents ranges cross if loses it

[09:32] {magoo} GS spike

[09:33] {Threei} CFO: Continues to explore "alternative funding options" - conf call comm

[09:33] {Threei} cc in progress...

[09:33] {Threei} don't like it

[09:33] {Threei} who knows what they are saying in there

[09:36] {Threei} PALM Strength attributed to Globe & Mail article circulating that discusses whether RIMM might be interested in PALM

[09:37] {Les} dino, what's on your screen today?

[09:38] {nemo} [09:21] {dino} caveman (cavm), amed, nty, cmi

[09:38] {Les} my bad

[09:38] {Les} ty

[09:39] {Threei} WFC

[09:39] {Threei} interestingly strong

[09:39] {dino} nty sm l .90

[09:40] {magoo} news FCX vad??

[09:41] {Threei} no

[09:41] {Threei} Long Setup: WFC .72 break if holding .65

[09:43] {dino} nty to b/e

[09:44] {Threei} 07:52 AMRN Leerink Swann Initiates AMRN with Outperform

[09:44] {shorty} got 1:1 on WFC ty

[09:44] {Threei} half out WFC

[09:44] {Threei} scalpers are scalpers of course

[09:46] {Threei} and they win again

[09:47] {Les} fitb .60 break?

[09:47] {Threei} yes

[09:47] {dino} stop to .31 nty

[09:47] {dino} out +.41

[09:47] {Threei} stop under .55 for scalpers, .50 for daytraders

[09:48] {nemo} well, fitb scalps are usually day trades

[09:48] {Threei} lol

[09:48] {Les} stopped

[09:49] {Threei} US) Preview: April Consumer Confidence due out at 10:00ET

[09:49] {Threei} **consensus expectation: 53.5e v 52.5 prior

[09:49] {Threei} - estimates range between 48 to 57

[09:49] {Threei} US) Preview: April Richmond Fed Manufacturing Index due out at 10:00ET

[09:49] {Threei} **consensus expectation: 10e v 6 prior

[09:49] {Threei} - estimates range between 7 to 11

[09:53] {dino} f l .00

[09:54] {dino} guess who's on tv?

[09:54] {nemo} Brooke Burke

[09:54] {Threei} bragging about his fiscal responsibility, no less

[09:54] {dino} i wish

[09:55] {nemo} makes 2 of us

[09:55] {Threei} CNLG Strength attributed to chatter CNLG could get significant follow on orders for detector pdts (1.76, +0.14, 8.64%)

[09:59] {dino} cymi sm l .81

[09:59] {Threei} *(US) APRIL RICHMOND FED MANUFACTURING: 30 V 10E

[09:59] {Les} thanks for heads up dino. caught the short side of your NTY long out +.78

[10:00] {Threei} *(US) APRIL CONSUMER CONFIDENCE: 57.9 V 53.5E

[10:00] {Threei} (US) Fed Chairman Bernanke: US needs to start cutting budget deficit soon

[10:00] {Threei} no really?

[10:00] {Threei} how soon?

[10:00] {Les} awww he's a nice guy that Bernanke

[10:00] {Les} looking out for joe six pack

[10:01] {dino} gj les

[10:03] {Threei} DARA Enters Into a Clinical Trial Collaboration With the Division of Cancer Prevention (DCP), National Cancer Institute (NCI) for the Clinical Development of KRN5500

[10:03] {magoo} AIG interesting vad

[10:04] {Les} stopped F -.11 looks like its got further to go

[10:06] {Les} did F miss street estimates?

[10:06] {Threei} no

[10:06] {shorty} I heard they are having Q1 profit

[10:06] {Threei} look HLIT daily

[10:06] {shorty} sell on good news, buy on bad news?

[10:06] {fernp} WFC .80 break, Vad?

[10:07] {Threei} not sure fern

[10:07] {Threei} probably

[10:07] {Threei} senate hearings on GS started

[10:07] {Threei} anything can happen in financials

[10:07] {fernp} true

[10:07] {fernp} i'll pass

[10:08] {Threei} MGM 1 min looks interesting

[10:08] {Threei} for .30 break

[10:08] {jfjf64} lk

[10:09] {jfjf64} hold .25

[10:09] {Threei} for a scalp, yes

[10:09] {Threei} .20 for a bigger trade

[10:09] {jfjf64} ty

[10:09] {dino} nty

[10:10] {Threei} and, if market starts upward, HLIT is a brweak trade with target abour 7.50

[10:11] {Les} hlit trigger is break here?

[10:11] {nemo} rimm on a roll

[10:12] {fernp} HLIT what was the entry, Vad?

[10:12] {fernp} .20 break?

[10:13] {Threei} look cnn

[10:14] {Threei} jeez

[10:14] {Threei} saw that?

[10:14] {Threei} .27 fern

[10:15] {Threei} to trigger 52 week high break scanners

[10:15] {magoo} FTBK at it

[10:15] {fernp} ty

[10:16] {Threei} come on, anyone cauight Ukraine parliament fight on CNN?

[10:16] {Threei} eggs flying at speakers, those cover themselves with umbrellas

[10:16] {shorty} no, TV is in the other room.

[10:16] {Threei} smoke bomb

[10:16] {Les} l NTY .60

[10:16] {nemo} frickin' Jerry Springer

[10:16] {Threei} totally

[10:18] {dino} pwrd sm l .60

[10:21] {Les} out +.38 NTY

[10:22] {magoo} FTBK out + .50

[10:22] {Threei} wtg

[10:22] {shorty} nice guys

[10:22] {magoo} took 6.04 out .57

[10:22] {Threei} (you are as crazy as FTBK itself)

[10:22] {magoo} [10:15] {magoo} FTBK at it

[10:22] {Les} :( I didn't catch break

[10:23] {fernp} what is the stop for HLIT, Vad?

[10:24] {Threei} deopends on your objectives

[10:24] {nemo} .22 for scalpers,

[10:24] {Threei} under .20 for a scalp, obviously

[10:24] {fernp} pesky :-)

[10:24] {Threei} but if you look at daily,

[10:24] {Threei} see the thrust it's capable of,

[10:24] {fernp} yes, nice daily

[10:24] {Threei} believe in market help and want to give it a chance

[10:25] {Threei} 7.10 is it

[10:25] {larisa} some asian guy behind GS exec can not stop smiling listening to Levin. looks so happy

[10:25] {fernp} ok. i'll do an umbrella trade. ty

[10:25] {nemo} and .27 is entry, yes?

[10:26] {fernp} yes nemo

[10:27] {dino} kangaroo court

[10:27] {nemo} stage show

[10:28] {magoo} GRAN

[10:28] {magoo} GRAN

[10:30] {jfjf64} gnw short .25 break

[10:30] {magoo} a nutso one

[10:30] {magoo} gran

[10:31] {magoo} vad news?

[10:31] {ese} you thinkin about gettin in there mags.....

[10:31] {larisa} merger rumor

[10:31] {ese} been watching that one too this morning

[10:31] {magoo} has potential..NOT in

[10:32] {magoo} ty lar

[10:33] {Threei} np

[10:33] {Threei} no news that was

[10:35] {magoo} AIG was gonna call .50, missed

[10:36] {dino} sm l .25 amed, risky

[10:38] {magoo} hooker spread dio

[10:38] {magoo} dino

[10:38] {dino} indeed

[10:38] {magoo} not that i would know

[10:39] {dino} tiger would

[10:39] {nemo} bad

[10:41] {magoo} mkts green, been awhile lol

[10:41] {Threei} lol

[10:41] {Threei} I don't get much following though

[10:41] {Threei} not many stocks clearly follow indices

[10:42] {jfjf64} strong gs lol

[10:42] {magoo} are there any stocks in the indices vad?

[10:42] {dino} seing the same 3i, scalpers type market, lots of rinses

[10:42] {jfjf64} cant kill da MONSTER

[10:42] {Les} s CMI .92

[10:43] {Threei} mags... say what?

[10:43] {dino} les dabbling on the dark side today

[10:43] {magoo} gotcha:)

[10:44] {Threei} lol

[10:45] {magoo} just exited remaing wfc .91 ty vad

[10:45] {jfjf64} gnw ready

[10:46] {nemo} aren't you shorting into support on the 5 minute chart

[10:46] {Les} somebody talking to me?

[10:47] {nemo} never

[10:47] {nemo} JF

[10:47] {Les} bon

[10:47] {nemo} cest bon

[10:48] {Threei} ECB's Tumpel-Gugerell: ECB is opposed to full fair value accounting; global accounting standards and banking rules should be consistent worldwide

[10:48] {Threei} - calls for implementation of rules worldwide on a wind down of systemic banks who are failing

[10:48] {Threei} - calls for a forward looking accounting methodology

[10:52] {jfjf64} 1/1

[10:57] {Threei} *(PO) S&P CUTS PORTGUAL RATING TWO NOTCHES TO A- from A+; short term rating to A2 from A1; Outlook Negative

[10:57] {Threei} - Note; Fitch on 3/24 cut ratings one notch to AA- from AA

[10:57] {strider} dcc trev.

[10:57] {fernp} HD, Vad?

[10:57] {fernp} breakdown?

[10:57] {Threei} I hink so

[10:58] {fernp} ty

[10:58] {fernp} .96 stop, no?

[10:58] {Threei} or 36

[10:58] {Threei} both are valid

[11:02] {Threei} CME Sends letter to CFTC asking the agency no to adopt energy market position limits

[11:02] {Threei} why would CME care??

[11:03] {Raven} unlimited positions = more commissions

[11:04] {Raven} they want volume

[11:04] {Threei} oh wait

[11:04] {Threei} lol... line appeared first without that "no"

[11:04] {Threei} so I was shocked

[11:04] {Threei} while I copied they typed in one more word

[11:04] {Raven} lol

[11:06] {dino} sllllllllllaaaaaaaaaaaappppppppppppppp

[11:07] {Raven} lol

[11:07] {nemo} is this still Monday

[11:07] {nemo} ?

[11:07] {Threei} now full text is in, including typo correction:

[11:07] {Threei} Chicago Mercantile Exchange Holdings Inc Sends letter to CFTC asking the agency not to adopt energy market position limits

[11:07] {Threei} - Note: The CFTC has been evaluating whether to regulate certain energy products through the determination on whether a certain product performs significant price discovery functions

[11:07] {RonS} mos murder

[11:07] {dino} all ferts, pot, cf

[11:13] {Les} vad, is that shooting star on IOO daily?

[11:13] {Threei} I amd not a cnadlestick specialist les

[11:13] {Les} ok

[11:14] {RonS} mos i figure downside to 47.20 on the h&s break. PnF shows down to 42. POT PnF uptrend line at 106

[11:14] {strider} MOS

[11:15] {Threei} HD nice dive

[11:15] {fernp} out ty Vad

[11:15] {Threei} :)

[11:17] {strider} sh MOS 51

[11:19] {shorty} back in a little bit

[11:20] {Threei} Short Setup: LVS

[11:20] {Threei} .20 break

[11:20] {Threei} stop above .25 for scalpers

[11:21] {ese} in .18

[11:23] {ese} stopped .24

[11:23] {Threei} GR) S&P CUTS GREECE

[11:23] {Threei} something's worng ese

[11:23] {Threei} wrong

[11:23] {Threei} if it was a scalp, it reached over 1:1

[11:23] {Threei} if not, why such a weird stop

[11:24] {ese} one print at .25 triggered it

[11:24] {Threei} S&P CUTS GREECE TO BB+ (now junk status); outlook Negative

[11:24] {strider} cover MOS .88 +.12

[11:24] {Threei} wait..

[11:24] {ese} no big deal.....i short small.......500shs

[11:24] {Threei} .25 was not a stop trigger, .25 break was,

[11:24] {Threei} and again, it went to .12

[11:24] {shorty} covered .12

[11:25] {Threei} which is over 1:1 for a scalp

[11:25] {ese} hmmmmmmm

[11:25] {Les} out .07 ty

[11:25] {Threei} over 1:1 for a day trade now

[11:25] {strider} out LVS .12

[11:25] {Threei} just played it wrong

[11:26] {fernp} ty Vad was nice

[11:26] {shorty} ty Threei

[11:26] {nemo} out mos 59

[11:26] {nemo} .59

[11:26] {Threei} MOS beauty

[11:26] {Threei} this Greece cut sent maarket screaming down

[11:27] {Threei} (as it was a surprize that Greece situation is really bad)

[11:27] {Les} nice one nemo. I abandoned MOS for LVS. tight budget

[11:28] {nemo} I was playing both, I woulda' got out of MOS earlier but I was watching LVS

[11:28] {Threei} read full text, it's perrty damning}:

[11:28] {Threei} *(GR) S&P CUTS GREECE THREE NOTCHES FROM BBB+ TO BB+ (now junk status); outlook Negative

[11:28] {Threei} - S&P: The negative outlook reflects the possibility of a further downgrade if the Greek government's ability to implement its fiscal and structural reform program materially weakens in our view, undermined by domestic political opposition at home or by even weaker economic conditions than we currently assume.

[11:28] {Threei} - "The downgrade results from our updated assessment of the political, economic, and budgetary challenges that the Greek government faces in its efforts to put the public debt burden onto a sustained downward trajectory, In our revised projections, we forecast Greece's net general government debt-to-GDP ratio reaching 124% of GDP in 2010 and 131% of GDP in 2011. "

[11:29] {magoo} ugly out there

[11:29] {Threei} OK, bounce time

[11:29] {Les} some knifecatching

[11:29] {Threei} EUR/USD Moves to fresh session lows after Greece downgrade

[11:30] {magoo} F destroyed

[11:30] {Threei} AIG

[11:30] {Threei} stop under .10

[11:30] {nemo} what was the break, .20?

[11:30] {Threei} ugh... too fast, .15 break was a trigger

[11:30] {Threei} ok, second chance

[11:31] {Threei} 1:1 easy

[11:31] {Threei} 1:2

[11:31] {Threei} 1:3, my a$$ out

[11:31] {magoo} out here .43 TY

[11:31] {Les} out .45 ty

[11:32] {Threei} welcome guys

[11:32] {shorty} nice, sat out on that one

[11:32] {magoo} NICE vad

[11:32] {Threei} magoo is crying bitterly

[11:32] {Les} 6 months on shorty

[11:32] {Threei} know why magoo is crying?

[11:32] {nemo} yep

[11:32] {Threei} magoo can't say "vad is sleeping through this"

[11:32] {Les} I can control my heart beat a lot better doing trades like that

[11:32] {shorty} Les..?

[11:32] {magoo} i was typing it when u posted call

[11:32] {Les} less fear

[11:32] {Les} more calculation

[11:33] {Threei} perfect timing on bounce catch... rarely do I do this

[11:33] {Threei} larisa is typing "and you call yourself trend follower?" as we speak

[11:33] {larisa} exactly :)

[11:34] {Threei} hehe

[11:34] {Les} out cmi .92 +1.00

[11:34] {shorty} nice one Les

[11:34] {Les} I am outta here for the day

[11:35] {shorty} I would

[11:35] {Les} c u's tomorrow

[11:35] {magoo} LES WAITTTTTTTTTTTTTTTTTTTTT

[11:35] {Les} duck

[11:35] {Threei} lol

06[11:35] * magoo slaps Les around a bit with a large trout

[11:35] {shorty} But, I like trading so much that I would probably stay.

[11:35] {Threei} take care Lesa

[11:40] {RonS} ftbk held up really well on that selloff

[11:40] {Threei} true

[11:41] {Threei} you know what irritates me the most about all this hearings and whole GS hoopla?

[11:41] {Threei} constant mention of "morals"

[11:41] {Threei} how come structural problem, systemic problem turned into moral problem?

[11:42] {Threei} since when morals should drive accounting?

[11:42] {Threei} design frikin system so it would lead to certain results you want

[11:42] {shorty} No logic to it Threei.

[11:42] {Threei} instead of designing system full of holes, then complain about those who live by its rules being "immoral"

[11:43] {Threei} more than that:

[11:43] {RonS} ...yes there is logic...keep seat and conduct shakedowns to keep money flowing

[11:43] {Threei} god save me from living in society where behsvior of economic elements is dictated by morals

[11:43] {RonS} nok knocked

[11:43] {Threei} since morals differ from society to societyu and individual to individual, that would be total and absolute unpredictable chaos

[11:45] {Threei} one thing truly pleases me today: canadian dollar

[11:45] {Threei} look at it hitting the skids

[11:46] {RonS} ...just curious...why does this please you?

[11:46] {Threei} 'cause I make money in US dollars

[11:46] {Threei} and then convert to canadian

[11:47] {RonS} ...makes sense...

[11:47] {Threei} except part I keep in US for purchases across the board or for trips

[11:47] {Threei} in USD I mean

[11:47] {RonS} ha...you can hedge yourself with derivatives :)

[11:47] {Threei} too lazy for that :)

[11:48] {shorty} Speaking of lazy, anymore stock picks Threei?

[11:49] {nemo} yeah, enough of philosophical pontification

[11:49] {dino} well, look at the gs attacks this way. everybody who shorted today bet against american business. that is how pathetic a case it is. they just hate sdhorts because they don't understand it

[11:50] {dino} its the obamination theme; evil shorts evil speculators

[11:50] {larisa} problem is not they are shorting, they went opposite of their clients. ALL serving companies come up with mottos like "our customers are the most important thing" etc. Just be honest and say "we are trying to screw you out of your money"..

[11:51] {RonS} ...human kind has had and will always have scapegoats

[11:51] {shorty} There was a good interview this morning (msnbc or cnbc) about this dino, with a hedge fund manager William Ackman.

[11:51] {Threei} larisa, any broker selling to a client as principal goes against him

[11:51] {dino} larisa, when i flip a house i am going against my "customer"; same w/car dealers, etc

[11:51] {Threei} only broker acting as agent doesn't

[11:52] {Threei} and these products had no open market

[11:52] {Threei} so no agency role for a broker

[11:53] {Threei} the only accusation that is valid is:

[11:53] {Threei} the product was designed top fail

[11:53] {Threei} that's what they need to prove

[11:53] {Threei} if they don't, the rest is pure unbridled bs

[11:54] {RonS} ...if we spend another 30 minutes down here with no bounce, i think we start seeing more selling...imo

[11:55] {RonS} wow...euro at 1.3237

[11:56] {Threei} I don't know why it still exists

[11:57] {RonS} ...pan- Europeanism...as in Peter Pan. Plus, US envy...as in penis envy

[11:57] {dino} hmmmm, buy the dips imo

[11:58] {Threei} overall, yes dino, I bel.ieve that is what is going to happem

[11:58] {Threei} this market pullback will be bought

[11:58] {Threei} not sure about today though

[12:00] {dino} today

[12:00] {dino} you forget, i am 3 hours ahead of you

[12:01] {Threei} oh yes

[12:01] {Threei} larisa, you missed it

[12:01] {Threei} while you were vacationing, we made a few bets

[12:01] {larisa} "Goldman Sachs has a culture of developing people who work very, very hard at their business careers and then have a very strong view of the importance of giving back to society " My point is, if they have a need to comuflage (sp) their actions with "good", others have a right to accuse them of not doing it :) to your question of morals.

[12:02] {Threei} and he beat me to a punch

[12:02] {larisa} what bets? :)

[12:02] {Threei} on market closings

[12:02] {larisa} lol

[12:02] {dino} a bit biased

[12:02] {Threei} then turned out, living three hours ahead of me, he just knew answers

[12:03] {larisa} he should share more

[12:04] {Threei} I don't even understand how shorting housing market back in 2007 was immoral

[12:04] {Threei} isn't it a subject of a job of any trader worth his salt to determine market ditrection and take according position?

[12:05] {Threei} how did it become "betting against America"?

[12:05] {dino} thats my point

[12:05] {dino} they could go after us for shorts

[12:05] {dino} slippery slope

[12:07] {Threei} look at AIG chart at the moment of the call... 5 cents from bottom

[12:07] {fernp} RAI, any read, vad?

[12:07] {fernp} 54 break long?

[12:08] {Threei} most likely yes but I'd feel a lot safer if it consolidated for a few min more

[12:08] {fernp} yes

[12:08] {fernp} ty

[12:11] {dino} amed to .01

[12:12] {magoo} AIG likes to return to that 38-39 level

[12:12] {magoo} sheesh, itwas 45

[12:12] {dino} out amed .01, +.76

[12:13] {Threei} RAI holding very well so far

[12:13] {Threei} if market selling subsides while it's holding right here, should do well on bounce

[12:14] {Threei} nah, lost support

[12:14] {nemo} look for rimm to go now

[12:15] {dino} fcx blood

[12:16] {dino} fcx gap around 75.25, feb

[12:16] {RonS} .vix up 21%

[12:16] {dino} fed meets today and tomorrow

[12:20] {dino} f getting some back

[12:22] {Threei} (GR) IMF Chief: Greece situation will be difficult even with the support of the IMF; a China currency revaluation is in its own interest

[12:22] {Threei} - Believes Greece's situation was unsustainable without IMF help.

[12:22] {Threei} - Yuan revaluating is clearly in China's interest; would reduce inflationary pressures

[12:26] {dino} elx l .51

[12:31] {Threei} feels to me we are forming bottom

[12:32] {Threei} let's start trying?

[12:32] {Threei} Long Setup: LVS .75 break

[12:32] {nemo} fcx might be getting ready too

[12:35] {Threei} not a scalp for me

[12:35] {Threei} 1:1

[12:36] {Threei} half out

[12:36] {Threei} .83

[12:36] {nemo} fcx went too

[12:36] {shorty} out ty

[12:37] {Threei} yw

[12:37] {nemo} yes, ty

[12:37] {Threei} sure thing

[12:37] {Threei} good one on FCX

06[12:37] * Threei slaps magoo around a bit with a large roll of cash

06[12:37] * Threei slaps jfjf64 around a bit with a large roll of cash

[12:38] {magoo} huh? sorry, was counting greenbacks

[12:38] {Threei} lol

[12:38] {jfjf64} lol

[12:38] {Threei} offer 1/4 more at .87 - .89

[12:39] {Threei} stop under b/e of course

[12:39] {Threei} in case we are mistaken and it's not THE bottom for the day

[12:40] {Threei} Preview: (US) Treasury's $44B 2-year note auction results due just after 1PM ET

[12:40] {Threei} - no change in size from previous auction

[12:40] {Threei} - Prior bid to cover ratio 3.00 with an average of 3.10 over the last 10 auctions

[12:40] {Threei} - Indirect bidders took 34.8% of competitive bids at last auction with 13.8% allotted at the high

[12:40] {Threei} - The 2-year when issued yield of 1.01% is roughly 5 basis points above the cash market

[12:41] {Threei} second target hit

[12:42] {Threei} offer last portion .94-.95

[12:42] {Threei} not too shabby for 5 cents stop

[12:43] {jfjf64} ya da man

[12:43] {jfjf64} ty

[12:43] {nemo} yada man?

[12:43] {Threei} welcome kind sir

[12:43] {Threei} not you nemo

[12:43] {nemo} wrong species

[12:43] {jfjf64} think need nother slap

06[12:43] * nemo slaps jfjf64 around a bit with a large trout

[12:44] {jfjf64} sorry gv to NEMO

06[12:44] * nemo slaps jfjf64 around a bit with a large trout

[12:45] {jfjf64} LUV ITTTTTTTTTTTTTTTTTT

[12:51] {Threei} third and last target's hit

06[12:51] * Threei dislocates his shoulder in attempt to pat himself on the back with double speed

[12:52] {Threei} (GR) Greek Govt Spokesman: S&P downgrades today prove debt issue is a wider problem, not just Greece

[12:52] {Threei} - Would like to wrap up talks with EU/IMF as soon as possible to get aid flowing.

[12:52] {Threei} - Insists Greece is doing all it can to wrap up the deal with the IMF and the EU, calm markets.

[12:59] {RonS} mags...pos banque du jour...bbx

[13:02] {Threei} *(US) TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.024%; BID-TO-COVER RATIO: 3.03 V 3.00 PRIOR AND 3.10 AVE OVER LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 31% of competitive bids, direct bidders take 21%

[13:02] {Threei} primary dealers take 63.4%.

[13:02] {Threei} - 63.6% alotted at the high

[13:02] {Threei} AIG GAO Report: AIG's insurance business is showing signs of recovery

[13:03] {jfjf64} think

[13:06] {Threei} AIG remains heavily reliant on federal assistance to meet its liquidity needs.

[13:06] {Threei} - Dropping from their recent peak in May 2009, AIG CDS premiums have decreased and appear to be returning to precrisis levels.

[13:06] {dino} react

[13:07] {magoo} bummed i missed FCX

[13:09] {Threei} .50 break should be AIG launching pad

[13:09] {Threei} no call, highly discretionary

[13:19] {Threei} wow, even with that exit we underestimated LVS

[13:20] {magoo} ls got me good yesterday

[13:20] {magoo} hate that one

[13:20] {Threei} worked like charm today

[13:20] {Threei} 3 times

[13:21] {magoo} e??..ok

06[13:21] * magoo slaps Threei around a bit with a large trout

06[13:21] * magoo slaps Threei around a bit with a large trout

06[13:21] * magoo slaps Threei around a bit with a large trout

06[13:21] * Threei disappears in the abyss of alcohol-induced consolation

[13:21] {jfjf64} slap NEMO TOO what the heck

[13:21] {Threei} lol

[13:21] {Threei} really

06[13:21] * magoo slaps nemo around a bit with a large trout

06[13:22] * nemo slaps KSystems around a bit with a large trout

[13:22] {jfjf64} lol

[13:22] {Threei} slapfest

06[13:22] * nemo slaps Threei around a bit with a large trout

[13:22] {Threei} the only problem is, frequent repetition of the word trout in the log attracts anglers

[13:23] {Threei} they search internet for their gear or whatever, and stumvle onto our log

[13:23] {Threei} lol

[13:23] {jfjf64} thats all we need

[13:23] {Threei} which is why my slaps are so much more inventive

06[13:23] * Threei slaps jfjf64 around a bit with a large roll of cash

06[13:23] * Threei slaps fernp around a bit with a large scalping course

06[13:24] * Threei slaps dptl around a bit with a large bottle of Grey Goose

[13:24] {jfjf64} what nemo get

06[13:24] * Threei slaps nemo around a bit with a large chart of uptrending market

06[13:24] * Threei slaps magoo around a bit with a large daytrading course

06[13:24] * Threei slaps shorty around a bit with a large Master Profit Plan

06[13:25] * Threei slaps Alert around a bit with a large daytrading course

[13:25] {Threei} wropng one

[13:25] {jfjf64} shorty where is shorty today

06[13:25] * Threei slaps Alert around a bit with a large book of Techniques of Tape Reading

[13:25] {dino} feeling left out

[13:25] {fernp} Vad, are you aggressive today?

06[13:25] * Threei slaps dino around a bit with a large time machine

[13:25] {fernp} or as usual?

[13:25] {jfjf64} best for last dino

[13:25] {Threei} as usual... just less restrained

[13:25] {dino} nty close to lod

[13:25] {fernp} that's good

[13:25] {dino} lol

06[13:26] * Threei slaps Raven around a bit with a large apology for slapping him

[13:26] {Threei} GR) Germany Fin Min Schaeuble: Germany will not let Greece down

[13:26] {magoo} i would have preferred the vodka, have the tade book (and havent read it yet) but drank all the vodka in office

[13:27] {Threei} {German taxpayers} no really?

[13:27] {dino} the euro is doomed

[13:28] {Threei} IMO, only a matter of time

[13:29] {fernp} thank you guys

[13:29] {Threei} sorry fern... just a reality

[13:29] {fernp} i know

[13:29] {dino} elx to ,67

[13:30] {Threei} it may seem impossible... but those who lived through collapse of Soviet Union know all too well, nothing is

[13:30] {jfjf64} nothin is

[13:30] {fernp} forever?

[13:30] {fernp} lol

[13:31] {jfjf64} lol

[13:31] {Threei} seemingly invincible machine wioth tentacles everywhere, controlling everything and everyone, seaced to exist in front of our very eyes in a matter of months

[13:31] {Threei} ceased too

[13:33] {Threei} and it was established over 70+ years, two wars, several generations knowing no other life and brainwashed to no end

[13:33] {Threei} EU is but an awkward teenager vs that

[13:34] {Threei} market is likely to stall here for a while, or retreat

[13:34] {Threei} no firmn read

[13:34] {Threei} firm

[13:35] {nemo} it's at 200 ma

[13:36] {dino} out elx .68, +.17

[13:36] {Threei} be back in 30

[13:36] {RonS} nice dino

[13:38] {dino} ty

[13:42] {shorty} jfj64 I am here. Had to pick up my daughter at school.

[13:43] {shorty} jfjf64

[13:44] {shorty} Threei went on a slapping spree.

[13:45] {ese} am outta here......to much going on to concentrate on the markt...see ya tomorow

[13:45] {shorty} Bye ese

[13:45] {ese} se ya shorty

[13:47] {jfjf64} hey shorty

[13:48] {jfjf64} see ya

[13:48] {dino} cagc l .99

[13:49] {shorty} Dino, short ZION at res here you think? or too risky

[13:51] {dino} looks up to me

[13:52] {dino} higher hi higher lo

[13:52] {shorty} ty....

[13:53] {shorty} Do you look mostly at 1 min or 5 min charts?

[13:53] {shorty} I think I asked a couple of weeks ago, I don't remember.

[13:53] {dino} 1 min, 1 day; 15 min 5 day

[13:54] {dino} then 120 day, 52 week

[13:54] {shorty} SMA?

[13:55] {dino} y

[13:55] {dino} nty

[13:57] {dino} dsw

[13:58] {dino} f around .80 support imo

[13:59] {dino} pega lod

[14:04] {dino} air pocket

[14:11] {Threei} UAUA

[14:11] {Threei} UAL Corp CEO: encouraged to see "early signs" of business flier demand growth - conf call

[14:11] {Threei} - "significantly , we are not adjusting full year costs guidance," even with the effects of winter storms.

[14:16] {magoo} theyt took granny (gran) out backk and clubbed here

[14:16] {shorty} lol....?

[14:35] {RonS} glw down 3%...earnings a.m. near lod

[14:36] {shorty} Threei...RCII?

[14:36] {Threei} oo thin

[14:36] {Threei} I wouldn't touch it

[14:36] {shorty} ty

[14:41] {shorty} One more Threei....FORM

[14:42] {shorty} I play 200 shares usually, but it looks thin like RCII

[14:44] {Threei} I just don't see any setup on it

[14:46] {strider} dino, you still in CAGC?

[14:48] {dino} yes, but not happy w/it

[14:49] {shorty} One more....STSA

[14:49] {dino} watching pega, fcx, f

[14:55] {jfjf64} gld

[14:56] {jfjf64} 2010 high

[15:06] {dino} well, the euro is going to hell, greek debt is being sold as its junk, need to buy dollars or gold

[15:16] {Threei} (GR) ECB's Nowotny: No reason exists for investors to accept a 'haircut' on Greece bonds

[15:16] {Threei} - feels that there are no reasons for contagion fears considering recent downgrades of Portugal and Greece

[15:18] {dino} lol

[15:18] {dino} next they'll say its the shorts fault

[15:20] {dptl} good evening all

[15:20] {RonS} cya dp

[15:20] {Threei} take care dp

[15:20] {shorty} Bye dptl

[15:20] {fernp} bye dp

[15:24] {dino} cya dp

[15:25] {shorty} ss .77 CIEN 5-6 cent risk

[15:29] {shorty} out +7

[15:29] {nemo} wow, 7 dollars!!!!

06[15:29] * larisa slaps nemo around a bit with a large trout

[15:30] {shorty} Ty larisa......

[15:30] {nemo} Lari, I love any attention I get from you :)

[15:30] {larisa} lol

06[15:30] * Threei hands larisa 12-gauge - attend with this!

[15:30] {shorty} lol

06[15:31] * nemo crawls in cave...closes door...grabs teddy...pulls blanket over head

[15:32] {Threei} IMF considering increasing its share of Greece aid package by 10B amid fears the 45B plan will not be enough - FT

[15:32] {Threei} - currently the EU has proposed providing 30B and the IMF 15B, but some speculation has circulated that the package could be boosted to as much as 70B.

[15:35] {dino} cagc stopped

[15:37] {Threei} EUR/USD Moves below 1.32 for the first time this year

[15:37] {Threei} - dealers continue to eye 1.3070 as key level (long term uptrend line going back 8 years)

[15:46] {Threei} ok, look at GS

[15:46] {Threei} what do you see?

[15:47] {Threei} am I hallucinating?

[15:47] {Threei} or is it one of rare isnalds of green in a sea of red?

[15:47] {nemo} what...nobody believes the feds are gonna' do a damn thing

[15:47] {nemo} skip the dead people comment dino

[15:48] {Threei} lol

[15:48] {Threei} see arca .79 offer?

[15:48] {Threei} break of it is long

[15:49] {fernp} Good evening everybody. See u all tomorrow

[15:49] {Threei} take care fern

[15:49] {shorty} Byr fernp

[15:49] {shorty} Bye

[15:49] {Threei} too late

[15:50] {Threei} he left thinking you called him byr

[15:50] {shorty} lol

[15:50] {nemo} wonder if we break below 11k

[15:51] {nemo} Fed day tomorrow...oy vay

[15:51] {Threei} yeah

[15:51] {Threei} shrug

[15:51] {Threei} today prmoised to be as boring as monday

[15:51] {Threei} and turned great day

[15:52] {shorty} Good night everyone.

[15:53] {Threei} if everyone leaves, I will too

[15:53] {Threei} thank you all

[15:53] {Threei} have a good evening

[15:53] {Threei} see youi tomorrow

[15:54] {larisa} bye :)

[15:55] {dino} -3% s/p since fri highs

[15:56] {dino} -2.6 ndx

[15:57] {Threei} very nice selloff

[15:57] {Threei} we needed that

[15:57] {Threei} and hopefully more

[15:58] {Threei} gotta work off some excessive enthusiasm

[15:58] {dino} that has been it lately, 2.5 to -3%, then bounce

[16:00] {Threei} (US) White House's Orszag: All options are on the table for budget deficit commission

[16:00] {Threei} I know

[16:00] {Threei} let's raise tax to 100%

[16:01] {Threei} DVAX Two Phase 3 HEPLISAV Trials Cleared by DSMB to Continue Immunizations (3.64, +0.08, 2.25%)

[16:01] {strider} Then the govt. could just give everyone what they NEED.

[16:01] {Threei} eqzaktly

[16:01] {strider} sounds fair to a lot of people.

[16:02] {Threei} and tried already

[16:02] {Threei} over 70 years of experience

[16:02] {dino} bwld

[16:02] {Threei} - HEPLISAV is an innovative vaccine designed to protect against hepatitis B infection. The DSMB reviewed safety data from two ongoing multi-center Phase 3 trials evaluating HEPLISAV, one trial in adults 40 years and older, and a second trial in chronic kidney disease patients.

[16:02] {Threei} - The DSMB is comprised of an independent group of medical experts who are responsible for reviewing and evaluating subject safety data at regular intervals during the ongoing trials.

[16:03] {Threei} okay... left :)

Apr 26 2010

Not our day at all - narrow range, no follow through. Took a few early rinses, then cut activity down to a minimum. Couple wins on easier trades allowed to minimize loss for the day but still left it negative.

Session Time: Mon Apr 26 00:00:00 2010

[03:07] {KSystems} good morning1

[08:04] {magoo} brush your teeth, time to get up

[08:20] {Threei} good morning

[08:21] {nemo} arguable

[08:21] {Threei} of course

[08:21] {Threei} let me correct that

[08:21] {Threei} probably a good morning

[08:21] {nemo} drove to Maryland last night. about half the drive was through driving rain and thunderstorms. oy vay

[08:21] {Threei} yikes

[08:22] {Threei} fig

[08:22] {nemo} ?

[08:22] {Threei} wrong window... going over stocks of interst

[08:23] {Threei} FIG is one of them

[08:23] {larisa} gm :)

[08:23] {Threei} larisa!

[08:23] {larisa} vad :)

[08:23] {Threei} welcome back

[08:24] {larisa} ty

[08:30] {Threei} KERX is interesting

[08:32] {Threei} OIIM Issued Patent for Vehicle Emissions Analysis System

[08:57] {Threei} Nissan Motor Co., Ltd GE, Nissan enter Smart Charging for Electric Vehicles MOU

[08:57] {Threei} - GE and Nissan have outlined two key areas for potential collaborations. The first relates to the integration of electric vehicles with homes and buildings. The second focuses on electric vehicle charging dynamics with the larger electric grid. In coming months, GE and Nissan will work to identify specific projects they can partner on in each of these areas.

[08:57] {Threei} GR) French Presidnt Sarkozy: agree the need for firm action on Greece with EU's Barroso

[08:57] {Threei} - Need action against speculation and ensure euro stability

[08:58] {Threei} why are you dragging your feet, Sarkozy... damn speculators are afoot, just shoot them all

[09:01] {Threei} laarisa, you see how timely your vacation was?

[09:01] {Threei} saved you a lot of grief about 11K break :)

[09:02] {larisa} can i go again?

[09:02] {Threei} why, we already broke it... and you have plenty of time till 12K

[09:04] {ese} morning

[09:05] {Les} uh oh, there's a girl back in the house is there?

[09:05] {Threei} ese, les

[09:05] {Les} hey vad, larisa

[09:05] {Threei} yes, so try and behave yourself

[09:06] {Les} hay fever makes me quiet mouse... time to see doctor for good drugs

[09:06] {dino} gm all

[09:06] {Threei} dino :)

[09:06] {dino} esi blood again

[09:06] {Threei} uh oh... Les on good drugs - sounds intimidating

[09:07] {dino} whr luv

[09:07] {Les} no new news on esi dino?

[09:09] {dino} dv down too les, apol up

[09:09] {Les} ok. will try them again

[09:10] {dino} don't see anything new on it

[09:11] {dino} downgraded credit suisse, esi, dv

[09:11] {RonS} gm all: 9:05 (Dow Jones) Credit Suisse turns indecisive, downgrading ITT Educational Services (ESI:$111.78,00$-0.91,00-0.81%) and DeVry (DV:$69.46,00$-4.79,00-6.45%) just two weeks after upgrading them as it says government draft policy on "gainful employment" regulation may not be so generous after all.

[09:11] {dptl} good morning

[09:12] {Threei} ron, dp :)

[09:15] {RonS} drad Digirad gets FDA marketing nod for imaging camera 04/26 06:45 AM

[09:16] {shorty} good morning

[09:16] {Threei} shorty :)

[09:16] {ese} dino.....this could be a good up day for gild....it's at fridays highs

[09:16] {ese} dddddddddddppppppppppp!!!!!!!!!!!!!!!!

[09:16] {Threei} GR) Germany Merkel: Greece must show that it is on the path to a sustainable budget level; Greece must save more

[09:16] {Threei} - Sees a 3-year timeframe for Greek aid operations

[09:17] {dptl} :)

[09:18] {Threei} - Germany will move to launch aid process when Greece meets financial conditions

[09:18] {Threei} - Germany has large obligation to maitain the stability of the Euro

[09:18] {Threei} - Have spoke witth directors at the IMF

[09:18] {Threei} - Talks with Greece seen going into earyl May

[09:18] {fernp} Good morning everybody

[09:18] {Threei} fern :)

[09:19] {ese} fern

[09:19] {magoo} vad, CAT great reort/guidance

[09:19] {magoo} also news DRAD

[09:19] {Threei} 06:00 DRAD Receives FDA Clearance for Ergo Large Field-of-View, Solid-State, General Imaging Nuclear Medicine Camera

[09:19] {Threei}

[09:20] {magoo} ty, lets watch it, could turn into runner

[09:20] {RonS} drad...no short interest...

[09:21] {Threei} nor long one, lol

[09:21] {Threei} you can say it was a stock with no interest whatsoever before FDA news

[09:24] {lasertrev} good morning

[09:24] {Threei} trev :)

[09:25] {magoo} trev-mont:0

[09:25] {lasertrev} hey:)

[09:26] {Threei} CH) US Treasury confirms US-China Strategic and Economic Dialogue (SED) set for May 24th/25th

[09:27] {Threei} Long Setup: KERX .50 break if holding above .40

[09:28] {RonS} drad mmfais.com shows about 7 million shares with institutions. do not know outstanding...

[09:29] {magoo} LVS nuts vad, cramer really nailed the sell call, NOT

[09:29] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:29] {Threei} lol mags

[09:29] {magoo} freakin DARD not waiting for us

[09:31] {Les} finnies crasing

[09:32] {Threei} LVS pulling back

[09:32] {Les} wfc held well

[09:32] {Threei} too fast

[09:34] {Threei} MGM followed LVS

[09:34] {dino} csnt

[09:34] {Threei} let's see if we get pullback to about .40

[09:35] {magoo} GS hammered

[09:35] {Threei} Long Setup: MGM .50 break

[09:35] {Threei} if holding above .40

[09:36] {dino} tzoo

[09:36] {magoo} blast from past dino

[09:36] {nemo} look at offer kerx

[09:37] {Les} fitb testing .95 support

[09:40] {dino} pega sm l .25

[09:41] {Les} GS in the dumps again

[09:43] {Les} interesting reversal possibilities pivot point resistance q's/spy, support qid .10

[09:44] {Threei} KERX stop to under .45

[09:46] {Threei} MGM if works not a scalp

[09:46] {Threei} can do much better with any market support

[09:47] {Threei} {market} my support is rarity these days, ya know...

[09:48] {Les} s short fitb .92

[09:48] {dino} dv gap fill

[09:49] {magoo} GS vad

[09:49] {Les} we've gotta catch gs on the way up

[09:49] {Threei} .50 cross now

[09:50] {magoo} got .49

[09:50] {Threei} stop under .30

[09:50] {Threei} half out

[09:50] {Threei} .90

[09:51] {Threei} 1/4 more out

[09:51] {Threei} .10

[09:51] {Threei} last portion stop to be and let it trade

[09:52] {Threei} no go MGM

[09:52] {Threei} SOMX?

[09:52] {Threei} I don't see any news

[09:53] {dino} pega stopped

[09:55] {Threei} SOMX Strength attributed to CEO comment in interview with San Diego Business Journal indicating that it plans to find a larger partner for upcoming sales efforts for its lead drug, Silenor

[09:55] {ese} L amat .519

[09:57] {ese} it's the daily that i like......

[09:57] {fernp} CY if breaks .40, Vad?

[09:57] {ese} butting up against 14.50

[09:58] {ese} stopped .43 -.08

[09:58] {Threei} probably yes fern

[09:58] {Threei} there is one more resistance at .50

[09:59] {fernp} ok ty

[09:59] {Threei} if that is taken, can do nice move

[09:59] {shorty} HTZ Threei

[10:00] {Threei} this one looks like short to me

[10:00] {Threei} on double top scenario

[10:01] {shorty} ty

[10:01] {Threei} .20 looks like trigger

[10:03] {ese} someone on the board was watching CAT......nice one if your in

[10:05] {dino} cymi sm l .10 thin

[10:05] {dino} dv sm l .25

[10:06] {Les} gs 153 vad?

[10:07] {Threei} not by me

[10:08] {dino} dv stopped

[10:08] {Les} grabbed it for .45

[10:09] {Les} makes up for missing your call

[10:09] {Les} aig .50

[10:11] {Les} out +.13

[10:11] {dino} pega rinsed

[10:14] {Les} gotta setup on dcth pullback vad?

[10:15] {Les} .80 break?

[10:15] {Threei} .80 break, maybe

[10:15] {Threei} .78 would do as well

[10:15] {Threei} but you know what kind of stock it is, right?

[10:15] {fernp} CY 1:1 ty Vad

[10:15] {Threei} :)

[10:15] {Les} a pain in the butt?

[10:16] {Threei} loco

[10:16] {Les} momo candidate?

[10:16] {Threei} it was a momo couple days ago

[10:16] {Threei} now it's a question of resumption vs fizzling out

[10:17] {Les} cool

[10:18] {dino} mos l .35

[10:18] {dino} cymi stopped

[10:19] {dino} mos stopped, pretty much suck. taking break

[10:19] {Threei} CSIQ Hearing renewed takeover chatter circulating (timing uncertain) (25.92, +0.22, 0.86%)

[10:20] {Les} aig mind of its won

[10:20] {ese} boy was i ever wrong about gild dino.......not in but sheesh

[10:20] {dino} pain

[10:21] {Threei} AIG is being it usual self

[10:21] {Les} damn keep selling too earliy

[10:21] {Threei} heh... trust me, you don't want to be selling AIG too late

[10:22] {Les} true

[10:22] {Threei} let's trail KERX o under b/e

[10:23] {Threei} hard to tell whether it consolidates for a further move or just lost will to live

[10:23] {Threei} but it touched 1:1, so why risk more than we have to

[10:25] {Les} DV 65

[10:29] {jfjf64} missed rimm short grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[10:30] {Threei} US) APR DALLAS FED MANUFACTURING ACTIVITY: 21.1% V 9.8%E

[10:32] {dino} mos l .27

[10:33] {jfjf64} nflx 5 min

[10:33] {Threei} propaganda alert:

[10:33] {Threei} PO) Portugal Foreign Min: Portugal is not in the critical position that Greece currently is undergoing

[10:33] {jfjf64} very thin

[10:34] {Threei} GS

[10:34] {Threei} .85

[10:36] {Threei} nope, not this tme

[10:37] {magoo} really wounded bad

[10:37] {Threei} yeah, less will today

[10:38] {ese} L gild .99

[10:39] {Les} GS lod is last pivot support holding it up

[10:41] {Threei} Short Setup: FITB 15 break

[10:44] {dino} mos to .41

[10:45] {Threei} I guess most expect tomorrow's GS hearings to turn so ugly, not many are willing to remain long into that

[10:45] {Threei} Democrats expected to provide details of revised derivatives regulation proposal later today - WSJ

[10:45] {magoo} wel, to soon to call no bounce for today

[10:46] {magoo} should get run to 155 imo

[10:46] {Threei} who called that?

[10:46] {magoo} nemo

[10:48] {dino} out mos .49, +.22

[10:49] {ese} fitb call still good

[10:49] {fernp} FITB is still valid, Vad?

[10:50] {Threei} yes

[10:50] {fernp} ty

[10:50] {ese} short .98

[10:50] {Threei} LIOX...

[10:50] {fernp} stop above .10?

[10:51] {Threei} for scalpers .08

[10:51] {Threei} otherwise above .10

[10:51] {dino} rino l .38

[10:53] {dino} dv lod

[10:54] {dino} stt l .25

[10:55] {fernp} stopped FITB

[10:56] {magoo} mgm trying vad..any read lvs??

[10:57] {Threei} tough read... things don't really trend

[10:57] {Threei} rinses everywhere

[10:57] {magoo} yea

[10:57] {magoo} thoght it may follow

[10:58] {Threei} look at FITB

[10:58] {magoo} yea..been

[10:59] {Les} cat 72 b/d?

[11:00] {Les} with a little consolidation

[11:00] {Threei} probably

[11:00] {shorty} FTBK

[11:01] {Threei} no news

[11:01] {Threei} anyone see anything on it?

[11:01] {Les} s cat .98

[11:02] {fernp} nothing here Vad

[11:02] {Threei} up114%

[11:02] {Threei} on no news

[11:02] {Threei} lol

[11:03] {Threei} LIOX non-stop

[11:04] {dino} look csnt too

[11:04] {dino} regional banks

[11:05] {Les} cat rinse

[11:05] {Threei} US House version of financial reform bill considering levying a bank tax as part of bill - CNBC

[11:05] {Threei} - Note: Senate version does not include such a provision

[11:05] {shorty} It has been a rinse kind of day for me today.

[11:06] {Threei} yup

[11:06] {magoo} for everyone

[11:06] {shorty} I see that magoo

[11:06] {dino} lots of rinses here too shorty

[11:08] {RonS} ek ...big squeeze...52 mil shrt, 19.5% float

[11:08] {shorty} RonS, where do you get your info on short interest? NASDAQ site?

[11:10] {RonS} ...hope 31 does not object...http://shortsqueeze.com

[11:10] {shorty} ty

[11:10] {dino} pretty sure ek blew away #s last week

[11:10] {RonS} 31=3i

[11:10] {Threei} lol... why would I

[11:11] {dino} fish slap him vad

[11:11] {shorty} lol

[11:11] {RonS} ...could be run by formerly convicted wannabee's...lol

[11:11] {Threei} I'll pick a moment when he least expects it

[11:11] {Threei} come on Ron

[11:12] {Threei} there is a difference between purfe factual data site and opinionated one run by assholes with agenda

[11:12] {Threei} don't paint me a zealot

[11:12] {RonS} just remeber shorty, i think these numbers are cranked only monthly...so they are fuzzy. That is why you want big #'s and high % of float

[11:12] {fernp} CAL any read, Vad?

[11:13] {Threei} twice a month ron

[11:13] {Threei} no fern

[11:13] {fernp} ty

[11:13] {Threei} I like chart but this kind doesn't work today

[11:13] {shorty} I did a bit of research on it Friday night. Once a month the numbers come out.

[11:13] {RonS} ...just kidding 3i...and thks on the 2X mo...

[11:14] {Threei} maybe it will, but I don't want to be a stubborn donkey trying same thing again and again

[11:14] {dino} definition of insanity

[11:14] {dino} or "hell is repitition"

[11:16] {magoo} vad, no news FTBK?

[11:17] {RonS} imax movie seemingly has no end...

[11:17] {Threei} not on my wires

[11:17] {RonS} ...imax turning into nflx?

[11:21] {Threei} notice in short interest data there is a line:

[11:21] {Threei} Record Date

[11:21] {Threei} 2010-AprA

[11:21] {shorty} yes

[11:21] {Threei} that A indicates first half of the month, B for second, as period when data is collected

[11:22] {shorty} 15th of every month?

[11:22] {Threei} NASDAQ short interest is available by issue for a rolling 12 months and updated twice a month. Short Interest data is based on a mid-month and end of month settlement dates and released after 4:00 p.m, ET, on the dissemination date.

[11:22] {Threei} http://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest

[11:23] {Threei} enter any symbol and look at the dates in the left column

[11:23] {Threei} they are mid and end month but not necessary exact 15 and 30/31

[11:23] {shorty} ty

[11:24] {ese} gonna give fitb one more shot at this then i'm gonna cover

[11:24] {shorty} Now, I just need to learn how to use this info to my advantage.

[11:25] {Threei} by itself it won't tell you much

[11:25] {Threei} as a piece of the puzzle, yes

[11:25] {Threei} very useful

[11:25] {shorty} The only winner is CLNE, but covered ,45

[11:26] {dino} cymi l .75, stt stopped

[11:26] {shorty} Is it more of an emotional tool?

[11:27] {Threei} not really

[11:27] {Threei} shows you a potential for a short squeeze

[11:27] {Threei} stock loaded with shorts is likely to be fuelded by their buying if something positive happens

[11:28] {shorty} ty

[11:28] {Threei} or simply if they overload the boat with short positions

[11:28] {fernp} AA .30 break with 5c stop, i think woth a try

[11:29] {jfjf64} lk fern

[11:29] {Les} fitb back to 15

[11:33] {Threei} BEXP?

[11:33] {Threei} sudden spike, no news

[11:34] {Threei} wth

[11:34] {shorty} earnings call announced, but that is it.

[11:37] {Threei} Long Setup: BEXP .50 break

[11:38] {Threei} invalidated but the idea is still there, let's see if another trigger forms

[11:42] {Threei} SUPR... FMAR...

[11:42] {Threei} where do all this hi-fliers with no news are coming from

[11:43] {Les} can't we start a scam like this?

[11:43] {shorty} institutional buying?

[11:43] {Threei} on SUPR?

[11:43] {Threei} highl;y doubt that

[11:44] {Les} GS read vad?

[11:44] {shorty} There is a class action lawsuit against FTBK.

[11:45] {Threei} none les

[11:45] {dino} dv sm l .50

[11:46] {ese} out fitb .00

[11:46] {ese} hmmmmmm didn't think i'd get filled there -.02

[11:47] {Threei} Long Setup: BEXP .20 break

[11:47] {ese} call it .00and a bit almost .01

[11:48] {fernp} stop Vad?

[11:48] {Threei} stop under .15 for a scalper, .10 for day trader

[11:50] {Threei} who am I

[11:50] {Threei} identity crisis

[11:50] {Les} me?

[11:51] {Threei} hmmm

[11:52] {Les} gs spike down

[11:52] {Les} 153

[11:52] {Threei} GS is tough proposition today on a long side

[11:53] {Les} wanna hit the banks they're weak but playing hard to get

[11:54] {Threei} scalpers win on BEXP

[12:01] {Threei} ORCC Granted Biller-Direct Electronic Payments Patent (4.56, 0.00, 0.00%)

[12:15] {dino} .

[12:17] {Threei} I agree with your point

[12:23] {strider} I thought it was a rather pointed remark.

[12:23] {magoo} unreal FTBK vad

[12:23] {magoo} this move here

[12:25] {Threei} and still nothing on any wire

[12:25] {magoo} i mean the shorts were pressing and looked good...DEAD

[12:29] {Threei} mags

[12:29] {Threei} GS...

[12:30] {Threei} has a chance here

[12:33] {Threei} at some point some squeeze has to occur on it

[12:33] {Threei} timing is tough

[12:33] {Threei} gitta try with tight risk control

[12:35] {Threei} targets 153.50 and 153.90

[12:38] {ese} out dish .92 +.12

[12:38] {Threei} wtg

[12:39] {shorty} short CIEN .27 stop .32

[12:42] {nemo} cat might be bottoming

[12:43] {Les} aig .70 big offer. may run

[12:49] {shorty} out +.05 CIEN

[12:52] {ese} tks

[12:52] {Threei} FTBK again

[12:52] {magoo} in 6

[12:54] {magoo} out here.60

[12:54] {magoo} i hit in before u posted obv

[12:54] {Threei} obv

[12:55] {magoo} obviously

[12:57] {Threei} I know...

[12:57] {Threei} lol

[12:59] {ese} Lnvda .658715

[13:00] {magoo} the squeeze is ON vad

[13:01] {magoo} FTBK

[13:02] {Threei} sheesah

[13:02] {Threei} *(US) TREASURY'S $11B 5-YEAR TIPS DRAW 0.55%; BID-TO-COVER RATIO 3.15 V 2.66 AT LAST YEARS AUCTION AND 2.31 OVER THE LAST 6

[13:02] {Threei} - indirect bidders take 23.1% of competitive bids with 30.93% allotted at the high.

[13:02] {Threei} - median 0.430%, Low 0.340%.

[13:03] {nemo} that's bad

[13:14] {shorty} dino, do you spot a possible reversal on CLNE?

[13:15] {dino} dk, but maybe worth a shot at .51

[13:15] {shorty} thank you

[13:18] {Les} made out like bandit earlier mags thank 7 break ftbk and then proceeded to buy breakout .50 and gave it all back and then some

[13:18] {Les} repeat after me: "buy the pullback"

[13:19] {Threei} just how many times did I say don't buy breaks on momod?

[13:19] {magoo} thats not for amatuers

[13:19] {Threei} momos

[13:19] {Les} you calling me a moron?

[13:19] {shorty} This is why I stay away from those type of stocks.

[13:19] {shorty} you have guts Les

[13:20] {Les} always on paper and slowly the technique will sink in

[13:20] {shorty} true

[13:21] {magoo} out .64 :)

[13:25] {shorty} Any hockey fans here?

[13:25] {shorty} Anyway, a good article: http://blog.al.com/ray-melick/2010/04/melick_fed_cup_lures_mad_max_t.html

[13:28] {lasertrev} good story shorty

[13:28] {shorty} It's a fun one.

[13:43] {Les} gs

[13:45] {magoo} yea..missed that too

[14:03] {Les} was just looking at ESI .75 break. WAM

[14:04] {Les} DV maybe

[14:05] {fernp} FAS testing lod

[14:06] {nemo} fern, are you becoming a fas fiend?

[14:06] {fernp} lol

[14:07] {Les} that elusive break I never managed to find came to FITB :(

[14:08] {shorty} I know Les.....

[14:16] {Les} .05 break on UPS for scalp vad?

[14:17] {magoo} RIMM nuts vad, news?

[14:17] {Threei} RIMM Exec: Planning to release new operating system designed for touchscreens, and trackpads in next quarter - analyst day

[14:18] {Threei} UPS, can't tell really

[14:18] {nemo} volume dropping on rimm

[14:20] {fernp} KO .54 breakdown, Vad?

[14:21] {Threei} I think so

[14:21] {Threei} but don't count on much

[14:21] {fernp} ty

[14:22] {fernp} stop above .10 is valid?

[14:23] {Threei} yep

[14:27] {dino} mos blood again

[14:29] {jfjf64} what a boring day guys

[14:29] {nemo} I started drinking already

[14:30] {jfjf64} not bad idea

[14:30] {Les} I knew it would be boring. started at 10 am

[14:30] {Les} that and my sinuses were driving me insane

[14:31] {strider} Vad, tomorrow might be boring too...better start now.

[14:31] {jfjf64} bad allergies here

[14:31] {Les} over the counter stuff ain't enough this year. cold weather suppressed all flowers until mid april

[14:31] {Threei} lol strider

[14:33] {strider} Actually just finished a Yuengling......relieves back muscle spasms, you know.

[14:33] {jfjf64} since not makin money today gonna go spend lol

[14:33] {dino} nice

[14:33] {jfjf64} see all later

[14:33] {dino} pega sm l .50

[14:33] {Threei} makes sense

[14:34] {jfjf64} speding or pega

[14:34] {dino} cya jf

[14:35] {ese} signing off all....still long nvda at .65....se ya tomorrow

[14:36] {Threei} take care ese

[14:36] {shorty} bye

[14:37] {dino} cya es

[14:38] {fernp} bye ese

[14:42] {RonS} a la Jim Carrey: "Somebody SLAP me!"

[14:42] {nemo} no

[14:43] {magoo} vad GS read here?

[14:43] {fernp} above .05 is also a good stop for KO, no Vad?

[14:43] {fernp} it is a bit slow :-)

[14:43] {Threei} now yes fern

[14:44] {Threei} no mags... still don't see it as readyt

[14:44] {fernp} thank you

[14:44] {Les} NYX .60 b/d?

[14:44] {Les} .65 stop

[14:44] {Threei} kind of 52/48, les

[14:44] {Les} ok

[14:45] {Les} look at considerable consolidation in this zone. would that be important source of support?

[14:46] {Threei} sorry, not sure I understand the question

[14:47] {Les} I notice a lot of consolidation in .55 - .60 zone today

[14:47] {dino} dv to .90

[14:47] {Les} would that be of significance to you in intraday time frame setup?

[14:48] {dino} to .99

[14:49] {dino} out dv .01, +.51

[14:50] {fernp} gj dino

[14:51] {dino} ty, took couple hours

[14:54] {dino} cymi to b/e

[14:55] {shorty} cya tomorrow everyone

[14:55] {dino} perga to .90

[14:56] {dino} out pega +.40

[14:59] {Les} NYX selling off with vol. now. makes the difference

[15:00] {dino} mos sm l .50

[15:00] {dino} cya shorty

[15:00] {dino} out cymi flat all day

[15:01] {Les} gs 152 b/d?

[15:02] {Les} nope

[15:08] {fernp} KO 1:1

[15:09] {Threei} :)

[15:09] {Threei} something had to work!

[15:09] {fernp} hey! good day here, Only one stop today

[15:10] {dino} gj fern 5 stops here

[15:11] {fernp} breakouts in FAZ, QID, CY, LEN, CAL worked fine, lucky I guess

[15:11] {Threei} no kidding

[15:12] {Threei} I got rinsed more than load of clothes in a washing machine

[15:12] {fernp} lol

[15:14] {dino} :D

[15:15] {Threei} but hey, I feel very clean

[15:23] {dptl} good evening all

[15:23] {Threei} take care dp

[15:26] {dino} cymi sm l .50

[15:26] {dino} pega l .50

[15:28] {fernp} Good evening everybody. See you all tomorrow

[15:29] {Les} bye fern. enjoyed watching you work today

[15:29] {fernp} lol. ty

[15:30] {Threei} take care fern, good job

[15:30] {dino} cya fern

[15:33] {Threei} GS...

[15:35] {Threei} .15 long if holding 152

[15:36] {Threei} 1:1

[15:41] {Threei} wow... jf was right

[15:41] {Threei} the most boring day in quite awhile

[15:50] {Threei} RU) Russia PM Putin: ready to make a "massive proposal" on cooperation in meetings with Ukraine this week

[15:50] {Threei} as i "let's unite again"?

[15:53] {strider} Or we'll invade.

[15:53] {dino} out clne .65, =.15

[15:54] {strider} dino, have you pulled things back from the brink today?

[15:56] {Threei} grest

[15:56] {Threei} GS shorting mortgages now is being labeled as "betting agains America"

[15:57] {dino} out cymi -.03

[15:57] {Threei} history repeats... just as Jese Livermore was blamed with his shorting 1929

[15:58] {dino} out pega -.15

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {Threei} let's get them tomorrow

[16:00] {Threei} GS REleases CEO testimony; did not place bets against clients

[16:01] {dino} down a little strider

[16:01] {strider} that was a rough morning.

[16:02] {dino} lol, yeah, missed first 4

Apr 23 2010

Despite somewhat rough start with two small stops on HBAN and FITB, we continued strong with 20 cents win on MGM, nice trade on SKS and whole bunch of scalps on both sides (mostly long though). All in all, good end to a good week. Have also a look at the new partnership we have just forged: http://www.realitytrader.com/blackboxforex.html

Session Time: Fri Apr 23 00:00:00 2010

[08:18] {magoo} morning

[08:18] {magoo} mm

[08:19] {nemo} mm

06[08:23] * magoo slaps Threei around a bit with a large trout

[08:23] {magoo} wake up vad

[08:24] {Threei} okay okay...

[08:24] {Threei} (GR) Greece Fin Min Papaconstantinou: Need to activate aid was due to recent EuroStat revision to the 2009 deficit/GDP ratio and sovereign downgrade by Moody's

[08:24] {Threei} - Say first tranche will be available before May 19

[08:25] {Threei} SP) Spain Deputy PM: Greece request is positive news; Spain cabinet to approve Greek aid

[08:25] {Threei} but of course

[08:25] {magoo} amzn wild last nite ill tell ya

[08:25] {Threei} PALM Pre-market volume attributed to reports that HTC has decided against a bid, with Lenovo emerging as a more credible acquirer

[08:25] {Threei} - Lenovo rumored to be bidding approx $1.3B (current Palm market cap $820M

[08:26] {Threei} Amazon.com Inc Reports Q1 $0.67 v $0.61e, R $7.13B v $6.9Be

[08:26] {Threei} - Guides Q2 Revenues R $6.1-6.7B v $6.4Be

[08:36] {Threei} GR) German CDU: Waiting for IMF-Greek aid discussions to end; To legislate for aid after discussions

[08:36] {Threei} US) MAR DURABLE GOODS ORDERS: -1.3% V 0.2%E; EX TRANSPORTATION: +2.8% V 0.7%E

[08:39] {Threei} GR) PIMCO's El-Erian: Greece is only an early indicator of a general trend we will be seeing more of, expects Treasuries to gain further as investors seek safe havens

[08:40] {Threei} - The Greek crisis will continue to drive capital flows within Europe and between Europe and the rest of the world.

[08:47] {Threei} earlier news, but interesting to read the way they put it in words

[08:47] {Threei} *(GR) GREECE ASKS TO FORMALLY ACTIVATE EU/IMF RESCUE PACKAGE

[08:47] {Threei} - Was of imperative importance to activate the rescue package.

[08:47] {Threei} - PM says Greece's "ship was ready to sink" and was exposed to speculators.

[08:47] {Threei} - Greece will not allow market's speculators to threaten sacrifices made by Greek people.

[08:47] {Threei} - Markets did not respond to EU Summit anounce on support package and have not given the country enough .

[08:47] {Threei} - Hopes decision will bring "safe harbour," Greece has taken painful measures to regain credibility.

[08:47] {Threei} - Will reach our target, to ask the Finance Ministry to formally begin the aid process.

[09:01] {Les} alcohol and antihistimines - the only way to fly during pollen season

[09:02] {Threei} why do you need to fly... if you were intended to you 'd be given wings

[09:02] {Les} i feel like crap, but don't let that spoil everyone else's day. Good morning

[09:02] {Threei} hi

[09:02] {Threei} lol

[09:03] {Threei} btw, yesterday when you decided to leave, we decided you can't

[09:03] {Les} what is this - democracy?

[09:04] {Threei} [13:37] {Threei} I vote against Les leaving

[09:04] {Threei} [13:38] {jfjf64} me tooooooooooooooooooo

[09:04] {Threei} [13:38] {dptl} ye...no slakers :)

[09:04] {Threei} [13:38] {Threei} really

[09:04] {Threei} [13:38] {Threei} fern is in the same time zone, and look - still suffers here with us

[09:04] {Threei} [13:38] {Threei} nopt even speaking of vasilisa

[09:04] {Threei} [13:39] {fernp} true

[09:04] {Threei} [13:39] {Threei} who has 8:40 pm in her neck of the woods

[09:04] {Threei} [13:39] {dino} 1:40 here

[09:04] {Threei} [13:40] {Threei} 10:40 am here

[09:04] {Threei} [13:40] {shorty} 11:40

[09:04] {Threei} [13:41] {Threei} patience, I can't even begin to calculate her time right now

[09:04] {Les} Or are you setting global precedence for tyrannic rule by decree?

[09:04] {Threei} see? voting

[09:04] {Threei} so yeah, democracy

[09:04] {ese} gm

[09:05] {Threei} ese :)

[09:05] {Les} well I can leave mibbit running but will walk away anyway when I have profit target - if that makes you feel better

[09:05] {ese} hey vad

[09:06] {Threei} just give some signal that you are still suffering with us, and we will be more than happy :)

[09:06] {ese} following anything in particular

[09:06] {Les} ha. just being here tells you I'm suffering ;)

[09:06] {Threei} not really

[09:06] {Threei} most of stocks are move together so far

[09:06] {Threei} don't see anything outstanding

[09:07] {nemo} Is Les Leaving ????

[09:07] {Threei} so it's uisual suspects at this point

[09:07] {Les} yeh had enough of your antics nemo

[09:07] {Threei} lol

[09:07] {nemo} wow, Xmas comes early

[09:07] {Threei} pipe down nemo, that was simply his exit for the evening yesterday :)

[09:08] {ese} dude

[09:08] {Threei} AMAN

[09:08] {Threei} AMZN

[09:08] {nemo} well, that ruins my day

[09:08] {Threei} sudden spasm of happiness

[09:09] {nemo} yeah, turned into diarhhea

[09:09] {Threei} lol

[09:10] {Threei} yeah yeah, you both say so... yet Les was unfocused and almost lost on nemo's day off, and nemo has no drive at all when Les is not here

[09:10] {magoo} aig active'

[09:10] {nemo} now you're slinging it

[09:10] {Threei} and I can't imagine what I'd do if you both took day off

[09:10] {Les} Acura Pharma (ACUR) -40% after an FDA panel voted 19-1 against its Acurox painkiller, designed to discourage misuse. The drug uses niacin, which would cause irritation and flushing if patients take excessive doses, but panelists noted the negative effects could be eliminated by eating food or taking aspirin.

[09:11] {Les} you gotta love human beings. smarter than the average pharma...

[09:11] {Les} acur looks like a dino candidate

[09:11] {Threei} GR) German Deputy Fin Min: Speculation about restructuring in Greece is misplaced

[09:11] {Threei} GR) ECBs Weber: Greece is no strong challenge for Euro stabili

[09:12] {Threei} of course not

[09:12] {fernp} Good morning everybody

[09:12] {Threei} fern :)

[09:12] {Threei} (EU) ECB's Nowotny: Aid for Greece should shield other countries from contagion; blames rating agencies for the worsening of the financial crisis

[09:12] {Threei} yesss!!

[09:12] {Threei} that's who caused it all

[09:13] {Les} are these blogs archived long term vad?

[09:14] {Threei} yes

[09:14] {Les} cool

[09:14] {Threei} you can track room logs to the day we started them

[09:14] {Les} I think I could write a book on this place

[09:14] {Threei} 2007 I think

[09:14] {Les} the people in it and the silly BS we are fed by officials every day

[09:14] {Threei} well, since I have copyright on them, you can - but I'll demand my cut

[09:14] {dptl} good morning

[09:14] {Threei} dp :)

[09:14] {Les} ouch

[09:16] {dino} gm all, want to freak out, look esi

[09:16] {Threei} dino :)

[09:16] {RonS} gm all...wondering if ACTG might have some legs...

[09:16] {Threei} ron :)

[09:16] {Les} rewatching Band of Brothers. Damn, you wanna talk sacrifice, there it is. Greek people don't know meaning of the word

[09:16] {dino} good series, pacific is good too

[09:17] {Threei} uh oh

[09:17] {Threei} here goes:

[09:17] {Threei} (SP) Spain Fin Min Salgado: There is no risk of contagion for Spain

[09:17] {dino} bucy blood

[09:17] {dino} lol spain, sounds familiar

[09:17] {RonS} esi move off dv report and reaction

[09:17] {lasertrev} morning

[09:18] {Threei} trev :)

[09:18] {dino} cyber shows last at 16 -96.69, bad print

[09:18] {Threei} ACTG esrning are quite spectacular:

[09:18] {Threei} Acacia Research Corporation Reports Q1 $0.55 v $0.02e, R $40M v $17M y/y

[09:19] {Threei} fern, do you feel like bailing out Greece?

[09:19] {Threei} well, no one bothered to ask you I or any other citizen guess:

[09:19] {Threei} SP) Spain Econ Min: Spain's contribution to aid package is maximum of 3.67B

[09:20] {Les} wow esi is back in play

[09:21] {Threei} what's the problem with it?

[09:21] {Threei} earning and guidance look OK

[09:21] {Threei} Reports Q1 $2.46 v $2.28e, R$384M v $373Me; Guides FY10 higher to $10.50-11.25

[09:21] {Threei} - New Student Enrollment 23.1K v 19.5K q/q

[09:21] {Threei} - Continuing Students 61.5K v 61.2K q/q

[09:21] {Threei} - Total Student Enrollment 84.6K v 80.7K q/q

[09:21] {Threei} - Raises FY10 EPS $10.50-11.25 v $10.40e

[09:22] {shorty} good morning all

[09:22] {Threei} shorty

[09:22] {Les} KEY has a .20 break that is promising

[09:23] {gen} gm all

[09:23] {Threei} gen :)

[09:25] {RonS} syna 13 mil short, 45% of float

[09:26] {dino} 108 area esi has been bounces

[09:30] {Threei} watching HBAN

[09:32] {magoo} 2 pt candle amzn

[09:32] {Threei} Long Setup: FITB 15 break if stays above .95

[09:33] {Threei} Long Setup: HBAN .15 break

[09:34] {Threei} FITB not a scalp for me if sets up

[09:36] {Les} KEY

[09:37] {Threei} no rinsing FITB

[09:38] {Threei} grrr

[09:38] {fernp} stopped FITB

[09:38] {nemo} stop on hban?

[09:39] {Threei} under .10 for scalpers, .05 for day traders

[09:39] {fernp} HBAN stop, Vad?

[09:40] {magoo} yup

[09:40] {magoo} COF vad

[09:41] {Threei} .50 break COF... risky as hell

[09:42] {Threei} LVS

[09:42] {nemo} fas breaking down finanacials are junk for now

[09:44] {Threei} market losing ground

[09:44] {Threei} out HBAN

[09:45] {Les} stopped .13 moved over to the dark side .09

[09:45] {fernp} stopped HBAN

[09:46] {Threei} MGM

[09:47] {ese} xrx xerox beats

[09:47] {Threei} Long Setup: MGM .20 break if stays above .10

[09:47] {KSystems} morning

[09:47] {Threei} ks :)

[09:48] {Threei} invalidated

[09:49] {dino} idxx

[09:49] {shorty} My wife works for IDXX

[09:49] {Les} and you couldn't give us a heads up this morning shorty!

[09:50] {shorty} sorry

[09:50] {Threei} US) Preview: March New Home Sales due out at 10:00ET

[09:50] {Threei} **consensus expectation: 325Ke v 308K prior

[09:50] {Threei} - most estimates range between 310K and 340K

[09:52] {Threei} MGM setup is back

[09:52] {ese} L gild .03

[09:53] {dino} dv

[09:53] {nemo} in

[09:53] {Threei} both LVS and MGM look like runners

[09:53] {nemo} that would be nice

[09:53] {Threei} LVS broke out

[09:54] {ese} i'm in mgm

[09:55] {nemo} what's the stop mgm .10?

[09:56] {Threei} yes

[09:56] {Threei} wth... am I havng one of those days?

[09:56] {Threei} and Fri again

[09:57] {Threei} maybe someone up there is telling me I need to go to 4 days working week {G}

[09:57] {Threei} LVS new high again

[09:57] {Threei} come on already MGM

[09:58] {dino} cs sm .65 l

[09:58] {dino} apol sm l .50

[10:00] {Les} hban stopped

[10:00] {Threei} US) MAR NEW HOME SALES: 411K V 325KE (% M/M

[10:01] {jfjf64} len tkin off

[10:02] {magoo} early rinse vad, hban cof

[10:02] {magoo} fitb

[10:02] {Threei} yes

[10:02] {ese} out gild .33 +.30

[10:02] {shorty} nice ese

[10:03] {Threei} stop to under .15 MGM

[10:03] {ese} tks

[10:03] {Threei} 1:1 finally

[10:03] {Threei} make up your mind

[10:03] {fernp} ty Vad

[10:04] {Threei} me half

[10:04] {Threei} and stop to .19

[10:04] {Threei} me greedy

[10:04] {ese} out mgm .32 +.10

[10:04] {Threei} 25K little buggers

[10:05] {ese} tks vad

[10:05] {Les} half out .33. resistance .45

[10:05] {ese} no 3k

[10:05] {shorty} ty Threei.

[10:05] {ese} one must not be greedy

[10:05] {nemo} shwere's stop now on mgm?

[10:05] {Threei} well, what one to do if one is stupid...

[10:06] {shorty} CIEN THreei?

[10:06] {Threei} [10:04] {Threei} and stop to .19

[10:06] {Threei} CIEN pullback entry hunt is around .85

[10:07] {shorty} ty

[10:07] {Les} you been taking stupid pills Nemo, or you just wanna be like me?

[10:07] {Threei} MNKD Follow-up Safety Data Show AFREZZA Comparable to Standard Antidiabetic Therapy in Lung Function Tests

[10:07] {nemo} the meds suppressing my travelling/homicidal tendencies need rebalancing

[10:07] {Threei} rofl

[10:07] {Les} hehe

[10:08] {shorty} lol

[10:08] {magoo} no quotes on roflol vad

[10:08] {Threei} I have an interesting feeling, you two would be the best drinking buddies should we meet for a party

[10:08] {Les} esi 111 break

[10:08] {nemo} Yeah...I just keep looking at my passport

[10:08] {Threei} it's pink sheets, mags

[10:09] {magoo} ah, the xtra symbol :)

[10:10] {Les} l esi .00

[10:12] {Threei} 1:2, 1/4 more out

[10:12] {Les} all out .39 ty

[10:12] {Threei} me still greedy

[10:12] {shorty} greed is the blood of the economy

[10:12] {Threei} G.Gekko voice in my head

[10:13] {Les} spy rolling over

[10:13] {magoo} thats my voice..im greedIEST

[10:13] {Les} out esi .33 +.33

[10:13] {Threei} oops...

[10:13] {Les} ouch too early

[10:13] {Threei} so that was you all these years whispering in my ear "stop with all that risk control nonsense, buy it all and close your eyes"??

[10:14] {Les} I've made my daily quota. can I leave now?

[10:14] {Threei} NO!!!

[10:14] {dino} idxx sm s .75

[10:14] {Threei} we voted on that yesterday

[10:14] {Threei} stay and suffer!

[10:14] {shorty} You show off Les.

[10:15] {Threei} IDXX Exec: received subpoena from FTC regarding marketing; investigation is in early stages -conf call comments

[10:15] {shorty} b/o .86 FITB?

[10:15] {nemo} His daily quota is 2 litres of beer

[10:15] {Threei} MGM stop to .25 for the last piece

[10:15] {Threei} no shorty

[10:15] {shorty} ty

[10:15] {Threei} not the sector in play so far

[10:16] {Les} it's not much shorty. Being modest in profit targets for 1st year (real money) tradiung

[10:16] {dino} mos sm l .50

[10:16] {shorty} I was kidding Les. I am just jeleous.

[10:17] {shorty} jealous

[10:17] {Les} don't be. I am learning to back off with much more modest profits than what I imagined when I first came to vad

[10:17] {RonS} aig on a trend...

[10:18] {Threei} les, those will come too, it's simply a matter of walking before running

[10:18] {Les} bingo

[10:18] {Threei} oh dino, this beauty was posted before you came in today, I must repost it for you

[10:18] {shorty} I thought the same Les. The market kicked that thought out the window in a hurry.

[10:19] {Threei} you know who caused Greece crisis, right?

[10:19] {Threei} in case you don't:

[10:19] {shorty} magoo?

[10:19] {nemo} speculators

[10:19] {Threei} - PM says Greece's "ship was ready to sink" and was exposed to speculators.

[10:19] {Threei} - Greece will not allow market's speculators to threaten sacrifices made by Greek people.

[10:19] {Threei} those bastards...

[10:19] {Threei} all humanity problems are their doing

[10:20] {Threei} out last part MGM

[10:21] {ese} L uaua .08

[10:21] {dino} stopped idxx -.30

[10:21] {gen} LVS short +.41

[10:21] {Threei} DCTH Hearing takeover chatter in name (13.18, +0.25, 1.93%)

[10:21] {gen} done for today

06[10:21] * Threei slaps gen around a bit with a large roll of cash

[10:22] {gen} see you all

[10:22] {gen} bye

[10:22] {Threei} take care gen

[10:22] {Threei} that's what they call vene vidi vici I guess

[10:22] {fernp} bye gen

[10:22] {ese} cya gen

[10:22] {dino} cya and gj gen

[10:23] {shorty} bye gen

[10:23] {jfjf64} sndk monster

[10:23] {Les} How's that for blatant favouritism!

[10:23] {Les} Gen walks, and no one bats an eyelid

[10:23] {Threei} well Les, two things

[10:24] {Threei} one, he is from deeply frozen part of the world

[10:24] {Threei} he deserves some slck

[10:24] {shorty} lol

[10:24] {dino} wheres he from?

[10:25] {Threei} winnipeg

[10:25] {Les} isn't that in Mexico?

[10:25] {Threei} and second.. there is an old joke about the guy who heard from a neighbor that he ate pork despite rabbi strict prohibition

[10:26] {Threei} guy went to rabbi to demand permission,

[10:26] {Threei} and when told no asked how come my neighbor does it but I can't?

[10:26] {Threei} answer as you may have figured out already was:

[10:26] {Threei} see, he never asked me!

[10:26] {Les} ugh

[10:27] {nemo} like fdx break of .50?

[10:27] {Threei} see gen asking us whether he can leave?? :)

[10:27] {Les} not going there

[10:27] {Threei} yes hemo, but halt lot

[10:27] {Threei} volatile one

[10:27] {nemo} I'm not blood

[10:29] {nemo} invalimudated

[10:29] {ese} stoped uaua ..03 -}05

[10:30] {Threei} Reportedly G20 seeing large resistance to proposed bank levy

[10:30] {Threei} *note: Canada has been reported over the past few weeks as being opposed to such a measure

[10:32] {dino} f'ng idxx rinsed me and drops a buck

[10:32] {Les} syna .50 b/d?

[10:32] {Threei} probably

[10:32] {Threei} half lot

[10:35] {nemo} nice on syna, jumped right past my order

[10:35] {Les} scalped for +.12

[10:35] {Les} ty

[10:36] {Threei} GE) German Fin Min: expect to meet with German lawmakers on Greece aid on April 26

[10:37] {fernp} XRAY breakout, Vad?

[10:37] {dino} out cs .85, +.20

[10:37] {Threei} I'd really prefer a pullback entry fern

[10:37] {fernp} ok

[10:42] {fernp} CY breakdown, Vad?

[10:43] {Threei} yes, if stays under .05

[10:43] {fernp} ty

[10:43] {nemo} bog offer .02

[10:45] {dino} dv sm l .99

[10:45] {dino} idxx sm s .75

[10:49] {dino} dv stopped

[10:49] {Threei} PFE FDA posts warning letter on inspection of facility; released 4/9

[10:50] {Threei} can't tell the most likely markjet direction for now

[10:52] {Les} s esi .47

[10:53] {Threei} CY 1:1

[10:53] {fernp} 1:1 CY ty Vad

[10:53] {Threei} good spot fern

[10:53] {Les} dino, your read of esi please. db?

[10:54] {Les} or death

[10:54] {Threei} lol

[10:55] {dino} esi coin toss

[10:56] {Les} ok

[10:56] {dino} watch dv, esi, apol together for sign les

[10:57] {dino} i suppose break of .50 esi l

[10:57] {dino} dv moves up

[10:57] {Les} out flat. yes agreed

[10:58] {Threei} Les, remember that article you linked recently, by former convict, about mechanics behind the Fri announcement of SEC case?

[11:00] {Threei} he iehter doesn't remember or just ignores me :)

[11:01] {Les} I do have a life away from the screen vad

[11:01] {Les} sure I remember

[11:01] {Threei} good for you

[11:01] {Les} :P

[11:01] {Threei} so I had a thought (and yes, it gurt)

[11:01] {Threei} hurt

[11:01] {Threei} if he is right, and if SEC plans other suits against other banks,

[11:02] {Threei} Fridays may be come announcement days

[11:02] {Les} fas/market should be telegraphing us that signal

[11:04] {ese} Lstx .49

[11:05] {Les} some really choppy action in finnies today

[11:05] {Les} bear meat grinder

[11:05] {magoo} 6 point pllbk amzn vad

[11:05] {magoo} was 140 afterhours

[11:06] {Threei} mags

[11:06] {Threei} GS

[11:06] {Threei} short

[11:06] {Threei} 159 break

[11:09] {magoo} AMZN read vad??

[11:09] {RonS} kindle

[11:09] {dino} esi db now imo

[11:09] {Les} ok

[11:10] {nemo} mos dino

[11:11] {Threei} one more pullback AMZN, and should become long around .30 - .40

[11:12] {Les} gs long here?

[11:12] {Threei} GS short never triggered and invalidated now, but long becomes a play, yes

[11:12] {Threei} .53 offer break probably

[11:13] {dino} mos in its own world today, pot up, cagc up

[11:16] {Threei} .36 bottom for the pullback

[11:17] {Threei} 11:11] {Threei} one more pullback AMZN, and should become long around .30 - .40

[11:17] {Threei} how's that for precision?

[11:17] {Threei} magoevski

[11:17] {Threei} you got it?

[11:18] {magoo} no, no bullets

[11:18] {magoo} took cof

[11:18] {Threei} ok, let me hget this straight

[11:18] {Threei} you yell at me

[11:18] {Threei} I drop everything

[11:18] {Threei} wake up

[11:18] {fernp} HD vad? any read?

[11:19] {Threei} worth a try fern

[11:19] {Threei} start reading AMZN

[11:19] {Threei} hurt my eyes with that goshdarn kindle thingy

[11:19] {Threei} find an amzingly precise entry point in advance

[11:19] {dino} out esi .47, +.47 ty les

[11:20] {Threei} removed about 50 cents from where AMZN was at the moment

[11:20] {Threei} and you ignore it

[11:20] {Threei} that's it

[11:20] {Threei} I am removing myself from the cruel world

[11:20] {Threei} going to Tobet monastery

[11:20] {fernp} HD stop is .15 or .10, Vad?

[11:20] {dino} gun to the head?

[11:20] {fernp} took .20 break

[11:21] {Threei} both are valid fern

[11:21] {fernp} ty

[11:21] {Threei} no dino, just using it as an excuse to drink with monks for a few months

[11:24] {jfjf64} see all later

[11:24] {jfjf64} nice week vad

[11:25] {Threei} take care jf, have a good weekend

[11:25] {Les} gs 159

[11:26] {dino} cya jf

[11:30] {Les} HBAN looking ready for a break. can't see which way

[11:32] {Les} gs b/d now?

[11:32] {Les} .90?

[11:32] {fernp} HD no go

[11:37] {dino} idxx bstop to .44

[11:38] {Les} dino, read on dv please?

[11:38] {dino} cov +.30

[11:39] {magoo} l amzn cross of .50 risky

[11:41] {magoo} never mind

[11:43] {dino} down

[11:44] {Threei} ABIO

[11:44] {Threei} ARCA Biopharma Hearing strength being attributed to chatter that they received approval for SPA (timing uncertain)

[11:44] {Threei} - SPA is special protocol assessment for the design of a clinical trial to assess the safety and efficacy of Gencaro.

[11:45] {dino} ctsh sm l .10

[11:45] {fernp} FULT if breaks .60, Vad?

[11:45] {dino} dv les, looks like dead varmit

[11:45] {Threei} I like it... .63 yesterday's and 52 week high

[11:46] {fernp} ty

[11:46] {Les} yeh thought it would hold 69

[11:47] {dino} gap below around 65

[11:48] {dino} gets close, it it

[11:48] {dino} hit it

[11:51] {Threei} ABIO got away big time

[11:52] {shorty} CIEN nearing .82

[11:55] {dino} cqp

[11:56] {fernp} RHI Vad? you like it?

[11:56] {Threei} chart is right but they all stalled

[11:57] {Threei} see how FULT doesn't dio anything

[11:57] {Threei} market is frozen

[11:57] {fernp} yes. true, ty

[11:59] {Threei} well, I was unfair to FULT

[12:00] {Threei} just 15 min later it's up 3 cents

[12:00] {ese} so far so good stx

[12:01] {Threei} I mean 5 cents

[12:01] {Les} half out .66

[12:01] {fernp} my stop is under .53

[12:04] {Threei} Merck & Co Inc Sees impact from healthcare legislation; expects $150M charge in Q1; affirms target for high single digit EPS growth for 2009-2013

[12:04] {Threei} - The more significant changes and improvements to coverage and access begin in 2014. Many companies will begin to incur costs related to the Health Care Reform legislation starting in 2010. These costs include increased Medicaid rebates and a one-time non-cash charge related to taxes on post-retirement medical benefits.

[12:04] {Threei} - Accordingly, in the first quarter of 2010, Merck anticipates that Medicaid rebates and other impacts will reduce revenue by approximately $35M

[12:05] {Threei} For the full year 2010, Merck anticipates that the increased Medicaid rebates (including Managed Medicaid) and other impacts will reduce revenue by approximately $170M, which includes the first quarter impact of $35M mentioned above.

[12:05] {Threei} - estimates that the unfavorable sales impact related to the passage of this legislation, in 2011 will be approximately $300-$350M.

[12:06] {Threei} so, on a surface plan works - there is a wealth redistribution from companies to people

[12:06] {Threei} in reality I suspect it won't

[12:06] {Threei} either companies simply add the cost to their prices

[12:06] {Threei} thus triggering next inflation wave

[12:07] {ese} out stx 1/2 .64 +.15

[12:07] {Threei} or they don't for this or that reason, and it results in job loss

[12:07] {shorty} with higher interest rates?

[12:07] {Threei} ?

[12:07] {Threei} sorry, lost me

[12:07] {shorty} inflation wave?

[12:07] {Threei} what;s the connection?

[12:08] {Threei} they pay more in benefits, they injcrease prices - classic inflation spiral

[12:08] {ese} out in full +.12 second 5k

[12:09] {Threei} wtg ese

[12:09] {Threei} imagine simplified scheme:

[12:09] {ese} tks.....waited on it and was averaging in below .50

[12:09] {Threei} there is just one company and 10 workers, they are also buyers of company's product

[12:10] {Threei} company sells item for 100 bucks and pays 50 to workers, 5 a head

[12:10] {Threei} something eats into company's bottom line

[12:10] {Threei} in this case this something is payout to workers

[12:11] {Threei} instead of 50 it has to pay 80, 8 a head

[12:11] {Threei} company adds 30 to product cost

[12:11] {Threei} so now it's 130, payout is 80

[12:12] {Threei} nothing changed except a step is made in inflation

[12:12] {Threei} independently of interest rates

[12:12] {shorty} that was a nice explanation

[12:13] {Threei} FED monetary policy justifiers made everyone believe interest rates is the only factor and lever in inflation

[12:13] {Threei} end all be all

[12:13] {Threei} it's far from truth

[12:13] {RonS} ...and government excludes the company from "official" inflation, so there is none

[12:13] {shorty} If you have an explanation for why interest rates go up to slow inflation that would be great, or I can google it.

[12:13] {Threei} well, the idea is:

[12:13] {Threei} there is cost to money

[12:13] {shorty} interesting RonS.

[12:14] {Threei} since economy is based on borrowing

[12:14] {Threei} you provide cheap money - demand increases

[12:14] {shorty} demand increases

[12:14] {Threei} you want to cool demand down - you increase rates

[12:14] {shorty} got it.......

[12:14] {shorty} ty

[12:15] {Threei} fine in thoery

[12:15] {Threei} in practice, ever since Fed came into existence, inflation eliminated bout 95% of dollar cost

[12:15] {Threei} 1913 dollar is about 3-5 cents of today's

[12:16] {Threei} ummm... other way around, lol

[12:16] {shorty} a lot of things look good on paper, but don't necessarily work once applied.

[12:17] {Threei} yeah... russian saying, hard to translate somewhat... "Smooth ride on papermap, too bad there are chasms in the ground"

[12:17] {shorty} dino, ZION reversal here? at resistance.

[12:18] {Threei} dptl will help with better tanslation when puts down that galss with vodka

[12:18] {shorty} i like that saying Threei.

[12:18] {RonS} ...running FIG

[12:20] {RonS} IYR tops 52 wk high today

[12:20] {Threei} another important thing to remember about inflation as far as its impact on us goes:

[12:21] {Threei} inflation is not necessary universal, in a sense of spread evenly

[12:21] {Threei} if computers ad DVD players and big screen TVs got cheapr but drugs got more expensive,

[12:21] {Threei} impact on you will depend on whether you are 25 or 75

[12:22] {shorty} Thanks for the lesson guys. It's a lot more clear now.

[12:22] {dino} zion dk

[12:22] {fernp} 1:1 FULT

[12:23] {fernp} ty Vad

[12:23] {Threei} :)

[12:23] {Threei} and then there is galloping inflation if things go to hell in a handbasket, and currency loses its value in 1000%

[12:23] {Threei} for the most of civilized world it's pure theory

[12:23] {shorty} That is when I head for the hills

[12:23] {Threei} but I witnessed it and let me tell you,

[12:23] {Threei} when you see an old man who put away 10K roubles by saving his whole life

[12:24] {Threei} when a car cost 5-6K

[12:24] {Threei} looking at the shelf where a box of matches sits

[12:24] {Threei} with price label 25K

[12:24] {Threei} you don't laugh

[12:24] {Threei} this is life destruction, pure and simple

[12:25] {shorty} wow.....I have been pampered my whole life. I used to cry because I didn't get frootloops, but instead got cheerios for breakfast.

[12:26] {RonS} ...but let's not talk about yesterday Shorty...

[12:26] {nemo} notice for all these "good" earnings announcements, the market really isn't moving

[12:26] {shorty} lol

[12:26] {Threei} yes nemo but it dodn't drop on a day when most earning were bad either

[12:27] {RonS} sks winding up, see a play here 3i?

[12:27] {Les} 2nd half out fult ty fern

[12:27] {Threei} it opened down and recovered

[12:27] {Threei} SKS runs with retailers strength...

[12:28] {Threei} is there clear leader in that sector?

[12:28] {Threei} not that I see right away

[12:28] {Threei} I like chart Ron

[12:29] {RonS} been a laggard but w/ 42% of float shrot just thinking that a squeeze here

[12:29] {Threei} I am not sure it's a right time for this chart

[12:29] {Threei} but the risk is minimal if it breaks from here

[12:29] {Threei} so why not

[12:29] {Threei} both daily and intraday are beautiful

[12:30] {RonS} sks serious squeeze could mark a retail top. But the real story in the dicretionary run has been the casual diners. Look at things like cmg and cake...sheesh

[12:32] {magoo} read FCX vad??

[12:32] {Threei} none

[12:35] {ese} I'd like to reiterate nemo's comment about the mrkt not moving much on good earnings announcement....plus it seems to me that stocks are trading a litte thinner

[12:36] {ese} L gild.17

[12:40] {Les} ESI setting up

[12:43] {Threei} lol, got bored with waiting and set up automated entry for SKS, to experiment with it

[12:43] {Threei} worked like charm

[12:44] {Threei} set stop limit with .85 trigger, .86 chasing

[12:44] {Threei} got me in at .85 after fitst print at that price

[12:45] {Threei} who wants this kind of things, OMS module works perfectly on Laser

[12:45] {Threei} MNKD Hearing Rodman Renshaw makes positive comments (timing uncertain)

[12:45] {Threei} Note: Earlier MNKD released information showing Follow-up Safety Data on AFREZZAComparable to Standard Antidiabetic Therapy in Lung Function Tests

[12:47] {fernp} SKS stop is under .80, no Vad?

[12:48] {Threei} for scalp, yes

[12:48] {Threei} cute little C&H

[12:48] {fernp} ty

[12:48] {Threei} if want a trade based on daily strength, short squeeze etc, suopprt is 9.70

[12:49] {Threei} and for a swing trade, 9.50

[12:49] {fernp} is friday... .79 is my stop :-)

[12:49] {Threei} can't blame you :)

[12:49] {Threei} just providing reads for all possible types

[12:50] {Threei} and we have a few impossible here

[12:50] {fernp} i know

[12:50] {Threei} (fern slants at les and nemo)

[12:50] {fernp} lol

[12:51] {Les} huh my name mentioned?

[12:53] {Les} out esi +.26

[12:54] {fernp} MOS 53.10 break, vad?

[12:55] {Threei} chart is perfect

[12:55] {Threei} with clear sailing for 30 cents at least

[12:55] {Threei} if nly market helps

[12:55] {fernp} 53.05 break is valid too?

[12:56] {Threei} I'd prefer .10

[12:56] {Threei} a lot of nasty orders there

[12:56] {fernp} ok

[12:57] {Threei} EUR/USD (FR) France Fin Min Lagarde: Greece aid package should stabilize the Euro; all members in favor of a stable Euro as volatility is 'not good'

[12:57] {Threei} neither are those damn speculators

[12:57] {Threei} they strive on that damn volaitlity

[12:57] {Threei} if only we could drown them all

[12:59] {Threei} SKS baby

[12:59] {fernp} stop under 53 or .95, Vad?

[12:59] {Threei} 53

[12:59] {fernp} ty

[12:59] {Threei} pesky scalpers got 1:1 SKS

[13:00] {Threei} nice spot Ron

[13:00] {Threei} and fully automated trade for me via OMS

[13:01] {RonS} yw

[13:02] {fernp} ty for SKS Ron. out here

[13:02] {Threei} FDIC's Bair: new resolution authority will make it clear to markets that there will be no more govt bailouts - CNBC interview

[13:02] {Threei} really?

[13:03] {Threei} heh

[13:03] {Les} aig looking for hod

[13:04] {RonS} ...until there are no bailouts on big fails the amrket will think there will be bailouts...what planet is she on?

[13:04] {Threei} amazing,... real problem (overleveraged bad loans) is totally substituted by fake one (damn derivatives)

[13:04] {nemo} It's like GM paying back their debt

[13:04] {nemo} all BULLSHIT

[13:04] {nemo} TAURINE EXCREMENT...sorry

[13:04] {Threei} right

[13:05] {RonS} quit parsing words nemo

[13:05] {Threei} to put an analogy to it,

[13:05] {Threei} derivatives is insurance

[13:05] {shorty} I thought they only have to pay a portion of it?

[13:05] {Threei} if more than certain % of insured claim their payout, insurance comoany goes belly up

[13:05] {Threei} any of them

[13:06] {RonS} ...people are so stupid...modern life and civilization itself is a derivative

[13:06] {Threei} their screams that AIG made out more best than it could cover is BS

[13:06] {Threei} any insurance comoany works like this

[13:06] {Threei} none of them can cover all its bets

[13:06] {Threei} it's and odds game

[13:06] {Threei} and = an

[13:06] {Les} esi pullback 111

[13:07] {Threei} if there were no bad loans in such overwhelming numbers, there would be no problem with deriivatives

[13:07] {fernp} MOS 1:1

[13:07] {Threei} root of the disaster is those loans

[13:07] {Les} aig .90 break?

[13:07] {Threei} good one fern

[13:07] {Threei} can't tell les

[13:07] {RonS} ...am holding for the .30

[13:08] {Threei} SKS 1:2

[13:08] {fernp} ty vad

[13:08] {dino} ed's waking up

[13:08] {dino} apol and dv sm l break of .00

[13:10] {Threei} FDIC's Bair:

[13:10] {dino} oh no

[13:10] {Threei} - says wind down authority is necessary; bankruptcy of large firms would be too abrupt for markets, noting Lehman as an example.

[13:10] {Threei} - highlights that the process for large banks will be similiar to that of what smaller banks undergo every Friday (reference to the FDIC closures released on Fridays); including removal of senior management, creditors and shareholders will deal with similiar situations of bankruptcy, secured creditors will be compensated to the extent of collateral

[13:10] {Threei} - resolution authority will require counterparties to make good on commitments (highlights this is in contrast with the Lehman failure where counterparties took out better quality collateral)

[13:10] {Threei} - expects bank failures to peak by end of this year (more than 140 for 2010, which is less than forecast three months ago)

[13:14] {RonS} rails just keep chugging

[13:16] {Threei} 60% Say Capitalism Better Than Socialism

[13:17] {Threei} and 40 % can't read

[13:17] {fernp} only 60%?

[13:17] {magoo} oh yeah..well 40% say it isnt he he

[13:17] {Threei} 18% disagree, while 21% are not sure

[13:17] {Threei} sorry... 21% can't read

[13:17] {Threei} and 18% can't make a damn cent and need someone to hand it to them

[13:18] {Threei} NUNAM

[13:18] {Threei} NUAN

[13:18] {Threei} NUAN Reportedly looses patent infringement case against Microsoft (18.17, -0.24, -1.30%) (related MSFT )

[13:18] {Threei} USD/CNY G20 communique likely to refrain some specific mention of the Yuan - unconfirmed report

[13:18] {Threei} - Communique may or may not mention Greece issue

[13:19] {nemo} rimm could be short under .60

[13:19] {dino} mos sm l .10

[13:20] {Threei} hah

[13:20] {Threei} here is interesting dichotomy confirming that most can't read:

[13:20] {Threei} However, its important to note that just 35% believe a free market economy is the same as a capitalist economy. In fact, despite tepid support for capitalism, 77% of Americans prefer a free market economy rather than a government managed economy. Thats consistent with the 75% who say that business is better at customer service than government.

[13:23] {Les} whatever. I leave you with your strange anecdotes. bon weekend a tous

[13:24] {Les} drinkies time! and a movie would be nice tonight. ciao

[13:24] {Threei} sigh

[13:24] {shorty} salut Les, bon weekend aussi.

[13:24] {nemo} feels much better already

[13:25] {Threei} you serve them one winning trade after another, and they don't want to listen to your strange anecdotes... :(

[13:25] {nemo} I neveer said that

[13:29] {RonS} ...sheesh, snowing here...poor tulips...

[13:30] {Threei} wow

[13:30] {shorty} Denver is worse than Calgary RonS.

[13:31] {RonS} ...in the Spring the lows come from the gulf and big snow can happen as the moisture hits the altitude

[13:31] {RonS} ...tomorrow will be 50 and sunny...

[13:32] {ese} i dunno about that shorty....i lived in calgary for a year and man....most days you get all 4 seasons together as well as all 3000 weather conditions at once

[13:32] {ese} every couple of days

[13:33] {RonS} popular local saying here...if you don't like the weather wait 10 minutes and it will change

[13:33] {ese} big time true for calgary

[13:34] {shorty} True ese. You lasted a year? I need to move to BC.

[13:35] {ese} taught at Senator Riley Senior Secondary in High River

[13:36] {shorty} Do you have a read for CIEN Threei?

[13:36] {ese} my wife got a job here and i followed her career

[13:36] {RonS} ...what a short name...

[13:36] {ese} have never looked back....that was 22 years ago

[13:37] {shorty} High River, every year residents pump out water because of flooding. lol I would not move to a place called High River. I have friends there.

[13:37] {shorty} Trying to get my wife to move to Victoria actually.

[13:38] {RonS} lol, and i thoought it was a river with a lot of joints...

[13:38] {shorty} lol

[13:39] {ese} also...the one and only time i thought i was going to die.......flying into calgary coming down out of the moutains.....plane hit some kind of weird air vacume and litterally dropped out of the sky a few people didn't have there seat belts on and endedup on the ceiling of the plane

[13:39] {magoo} vad, lets look for bounce plays in gs and amzn

[13:40] {RonS} dino mos is killin me. you still in?

[13:41] {shorty} ouch ese.

[13:42] {ese} i had my seat belt on......when ever i'm flying anywhere....i arrange it so that i don't land in calgary........unless it's absolutley necessary

[13:43] {shorty} Anyone see a b/o play for CIEN .08? Looks like accumulation is happening.

[13:43] {Threei} CIEN... not really

[13:43] {RonS} ...shold only happen on summer afternoons ese...

[13:43] {shorty} Calgary and Denver ese. I always have my seatbelt on whenever I fly, because of stories like yours.

[13:44] {shorty} ty Threei

[13:45] {Threei} AMZN , mags...

[13:45] {Threei} a few more min of conlsolidation

[13:45] {Threei} then break

[13:46] {Threei} no chasing, let it pull back

[13:46] {magoo} in 142.60 boss

[13:47] {ese} i would think Denver would be the same Ron......weird air currents coming out of the mountains can't make it eay for jpilots

[13:47] {magoo} thought u were blowing me off cause of last time

[13:47] {nemo} How id you pick 142.60?

[13:47] {ese} easy

[13:48] {magoo} yea...near lows..ytake .60 stop loss of .50 little risk

[13:48] {magoo} clrity, stop is the loss of .50

[13:48] {ese} come on gild.......

[13:49] {magoo} play the levels...00 .50

[13:49] {magoo} next hurdle is .50

[13:51] {magoo} natural stop now is .99, and if it re-takes 143.00 just reload it...the ole IN and OUT

[13:53] {magoo} i wanna catch a RIPPPPPPp..mega points but it aint happening

[13:54] {nemo} Vad, wish you had answered me on that RIMM short at .60

[13:54] {Threei} when?

[13:54] {Threei} sorry, I missed it completely

[13:54] {fernp} Have a nice weekend everybody. See you all on monday

[13:55] {Threei} take care fern, have a good one

[13:55] {RonS} cya fern

[13:55] {ese} 1/2 out gild .26 +.09

[13:55] {nemo} [13:19] {nemo} rimm could be short under .60

[13:55] {magoo} FERN WAITTTTTTT

[13:55] {ese} remainder to break even .17

06[13:55] * magoo slaps fernp around a bit with a large trout

[13:55] {ese} stop on remainder

[13:56] {fernp} thank you mags. I feel better, You are back

[13:56] {shorty} bye fernp

[13:56] {Threei} that was nice one, RIMM

[13:56] {Threei} good setup, I'd have liked it if saw your post

[13:58] {ese} out in full gild .33 +.14 on remainder

[13:58] {magoo} MGM climbing strong..not in

[13:59] {magoo} amzn needs to blitz .50, hold .50 on pllbk and assualt 144

[14:03] {dino} pega

[14:04] {magoo} gs l take of .50

[14:04] {dino} out ctsh +.03 thing won't move

[14:06] {magoo} out amzn + .57

[14:06] {magoo} cant get the RIP

[14:06] {magoo} UAUA

[14:06] {Threei} it's Fri

[14:06] {magoo} UAUA

[14:13] {dino} pega sm l .06

[14:16] {magoo} AIG ate big offer at .60

[14:17] {Threei} http://www.realitytrader.com/blackboxforex.html

[14:18] {dino} rino .76 sm l

[14:18] {KSystems} beautiful :D

[14:18] {Threei} UAUA Hearing strength attributed to positive comments from JP Morgan analyst (timing uncertain)

[14:18] {Threei} - JP Morgan raises estimates and price target boosted to $27.50 from $25.50

[14:24] {magoo} ty boss

[14:24] {RonS} c&h daily on glw w/ earnings 4/28

[14:25] {magoo} out .47

[14:25] {magoo} + .18

[14:25] {magoo} UAUA

[14:29] {magoo} now nemo, good exam of what i was saying

[14:29] {magoo} out .48, reloaded .50 out .67

[14:29] {nemo} in what uauau

[14:29] {magoo} yea

[14:29] {magoo} just cause take out, doesnt mean u cant reload

[14:30] {dino} out apol +.10

[14:31] {dino} out mos +.28

[14:31] {Threei} magoo

[14:31] {shorty} amazing dino

[14:32] {Threei} in venue of over-the-weekend sould-searching, do you know what your greatest strength is?

[14:32] {magoo} ignorance??

[14:32] {Threei} no, that's mine

[14:32] {Threei} don't compete on my turf

[14:32] {Threei} ease with which you move in the market and out of it

[14:33] {magoo} ability to sleep thru anything??

[14:33] {Threei} for a lot of people each new trade is almost agonizing decision

[14:33] {Threei} for you it's just a click

[14:34] {Threei} this liquidity is a huge help in mobile market

[14:34] {magoo} i flip alot each day]

[14:34] {magoo} long short dont care

[14:35] {magoo} reload uaua .75

[14:35] {magoo} in

[14:35] {magoo} try .93

[14:35] {magoo} in amzn too 143

[14:35] {Threei} also, you are hyperactive {G}

[14:35] {magoo} but thanx i guess lol

[14:36] {magoo} there is a method tho..was trying to convey that

[14:36] {dino} sm l pot .07

[14:36] {Threei} totally

[14:36] {Threei} method, self control and ease of execution... golden combination

[14:37] {magoo} out .90 2k, +.15 see

[14:37] {magoo} a methiod

[14:41] {magoo} if i could only catch a RIPPPPPPPPP in amzn

[14:41] {magoo} id call it a day

[14:41] {magoo} no i wouldn't :)

[14:41] {Threei} lol

[14:41] {magoo} i want 145 area

[14:42] {Threei} in life, we don't always get what we want

[14:42] {nemo} any bets we end on day highs

[14:43] {RonS} out sks 10.7 +.37 :), scratched mos :/

[14:43] {Threei} wtg Ron

[14:43] {RonS} 10.7=10.17

[14:43] {Threei} beautiful trade

[14:44] {shorty} I missed that one

[14:44] {Threei} everything came toghther for it

[14:44] {Threei} charts in all time frames, fundamentals, right sector, short squeeze and market help

[14:44] {Threei} rare case when it's this easy - AND works

[14:44] {RonS} ya know, last Friday, i saw a rather young mand driving a new Ferrari w/ the license plate: SHRTSQZE

[14:45] {Threei} lol

[14:45] {magoo} ROFLOL

[14:45] {RonS} ...it really stuck me, but i was kinda embarrased to bring it up

[14:46] {RonS} stuck=struck

[14:46] {magoo} actually, thats AWESOME

[14:46] {Threei} I can see magoo ordering plate saying "I live for MOMO"

[14:47] {RonS} momomagoo

[14:47] {magoo} MOMOTRDR

[14:47] {Threei} or "LOCO RULEZ"

[14:47] {magoo} id buy a porsche tho

[14:47] {Threei} Cayenne too

[14:48] {shorty} lol

[14:49] {magoo} id keep eye on GS here

[14:49] {magoo} out of bullets me

[14:49] {magoo} loaded up amzn

[14:49] {RonS} ...if you drive a Cayenne in Cheyenne can you still be a cowboy?

[14:50] {RonS} absolute proof ther is no justice: http://www.msnbc.msn.com/id/36723890/ns/us_news-wonderful_world/?GT1=43001

[14:50] {shorty} A coka cola cowboy maybe, I have no idea what that means, but my ranching buddies would call city folk that name.

[14:51] {shorty} I wonder if he will buy a set of teeth.

[14:51] {RonS} teefs

[14:51] {Threei} lol Ron

[14:52] {shorty} lol

[14:52] {Threei} had just $28.96 in his bank account; plans dentistry, Disney trip

[14:52] {Threei} your question is answered shorty

[14:52] {Threei} he will

[14:53] {shorty} Now I can get on with my life

[14:53] {dino} pega stopped -.22

[14:54] {magoo} read UAUA vad? i do not

[14:55] {ese} i'm brain dead people......everything looks the sae right now......i'm gonna pack it in for the weekend

[14:55] {ese} same

[14:55] {magoo} ESE WAIT

[14:55] {RonS} cya ese

06[14:55] * magoo slaps ese around a bit with a large trout

[14:55] {Threei} take care ese

[14:55] {ese} ahhhhhhhhhh tks mags

[14:55] {shorty} bye ese

[14:56] {ese} cya vad....been a good couple of days.....maybe the venting on wednesday helped

[14:56] {Threei} :)

[14:56] {dino} cya es

[14:56] {Threei} UAUA, rather up but like 52/48, mags

[14:57] {magoo} ya ya

[14:57] {magoo} read AIG vad, maybe gonna xplode? i dont no

[14:58] {Threei} someone should complain to PETA or something about systematic elimination of bears in the market

[14:58] {Threei} drawing total blank on AIG, sorry

[14:58] {shorty} ASBV b/o Threei

[14:58] {shorty} ASBC

[14:59] {Threei} b/o??

[14:59] {Threei} I don't see it

[14:59] {dino} pot to .49

[14:59] {Threei} as in body odor, yes... and very strong

[14:59] {shorty} that bad?

[15:00] {Threei} total stinker :)

[15:00] {dino} pega rinse

[15:00] {dino} out pot +.42

[15:00] {shorty} Do you want me to stop, or keep them coming?

[15:01] {Threei} of course keep them

[15:01] {Threei} it's a great learning process

[15:02] {Threei} Ron, want a great story about irony of lottery winnings?

[15:02] {Threei} real story, from Winnipeg, about 10 years ago or so

[15:02] {nemo} as long as they keep printing money the value of the money goes down so the stocks go up, we could end up at record highs before this is through

[15:03] {RonS} ...ok

[15:04] {dino} pega l .20

[15:04] {Threei} and hey, Les is not here to grumble about our strage anecdotes

[15:05] {Threei} so, guy is what you can call a total trash - constantly drunk, on light drugs,

[15:05] {Threei} works on his brother's farm manually loading tracks with hay, manure and other crap

[15:06] {Threei} about 2-3 times a year goes to jail for a few days or weeks for small time crimes

[15:06] {Threei} and generally enjoys life.

[15:06] {Threei} Sure enough, he goes ahead and wins 12 millions

[15:06] {Threei} Next 3 years, he never goes sober,

[15:07] {Threei} one of favorite entertainments:

[15:07] {Threei} gathers about 10 closest friends,

[15:07] {Threei} they go to the nearest Chrysler dealership, buy 10 Jeep Cherokees,

[15:07] {Threei} drive to the fields and chase each other

[15:07] {Threei} leaving totalled cars in the morning

[15:08] {Threei} and making dealership happy again in a few weeks

[15:08] {Threei} small crime spree wisde, the only thing changed is now he is in jail 6-8 times a year

[15:08] {Threei} 3 years later - empty pockets, works on his brother's farm in his old position

[15:09] {Threei} tell me it's not ironic

[15:09] {RonS} ...too much...he needed a law firm: Dewey, Cheatham and Howe

[15:10] {dino} should've at least bought the farm

[15:11] {Threei} but he may have lacked the money to make dealership ahppy then

[15:11] {RonS} ...saw Billy Martin throw dice one time in Vegas. He maintaine that if you died with one red cent in your pocket, you lost

[15:11] {shorty} Reminds me of this story: http://www.associatedcontent.com/article/95216/a_homeless_man_blows_100000_of_free.html

[15:14] {Threei} AONE DOE closes previously announced $529M loan for Fisker Automotive at Delaware GM plant

[15:14] {Threei} Department of Energy Announces Closing of $529 Million Loan to Fisker Automotive Manufacturing at Shuttered Delaware GM Plant Expected to Create Over 2,000 Jobs

[15:14] {Threei} - The Department of Energy announced today the closing of a

[15:14] {Threei} $528.7 million loan with Fisker Automotive for the development and production of two lines of plug-in hybrid electric vehicles (PHEV). The loan will support the Karma, a full-size, four-door sports sedan, and a line of family oriented models being developed under the company's Project NINA program.

[15:19] {magoo} vad, futes launch..u got any candidates?

[15:20] {Threei} sadly, not really

[15:20] {dino} out pega .97, +.77

[15:20] {dino} skie r oni baby

[15:21] {dino} spike

[15:23] {RonS} dang dino, gj

[15:23] {dino} lucky lay out, ty

[15:28] {dino} out dv sh*t trade, +.19

[15:28] {dino} rino wall at .80

[15:33] {dino} stopped rino -.06 ave

[15:36] {dino} ctsh .16 l

[15:38] {dino} stop to .17

[15:39] {dino} to .19

[15:39] {dino} to .21

[15:41] {dino} out .22 +.06

[15:41] {dptl} good weekend all...see ya monday

[15:42] {RonS} cya dp

[15:42] {dino} cya dp

[15:42] {shorty} bye dptl

[15:43] {dino} cymi .96 l

[15:43] {Threei} take care dp

[15:46] {shorty} have a good weekend everyone

[15:46] {Threei} you too shorty

[15:50] {dino} cya shorty

[15:52] {dino} cymi stop is .93

[15:54] {Threei} okay guys, let's call it a day

[15:54] {Threei} another bear slaughter

[15:54] {magoo} ty vad

[15:54] {nemo} c ya....might not be trading next week

[15:54] {RonS} good weekend to you Threei

[15:55] {Threei} no way nemo

[15:55] {Threei} you can't disappint les this much

[15:55] {dino} vacation nemo

[15:55] {Threei} have a great weekend all, see you on Monday

[15:55] {dino} to .97

[15:55] {dino} cya 3i, cya nemo

[15:57] {dino} out cymi +.01

[15:57] {dino} calling it a week, thx all, decent week

[16:00] {magoo} ty all