Apr 13 2010

Fair day with ABK short as the best play. The market just has no idea what "red" means.

Session Time: Tue Apr 13 00:00:00 2010

[08:21] {vasilisa} gm all

[08:22] {nemo} hello

[08:30] {Threei} US) MAR IMPORT PRICE INDEX M/M: 0.7% V 1.0%E; Y/Y: 11.4% V 11.7%E

[08:30] {Threei} - Prior MoM revised higher from -0.3% to -0.2%

[08:31] {Threei} KERX

[08:31] {Threei} Keryx Biopharmaceuticals Inc Announces Poster Presentations Highlighting Clinical Activity Of Zerenex (Ferric Citrate) At National Kidney Foundation (NKF) 2010 Spring Clinical Meetings

[08:34] {Les} best be nimble Jack

[08:34] {Les} morning

[08:34] {Threei} Les :)

[08:37] {dino} gm all

[08:37] {dino} vad, any news on esi? held 300 overnight

[08:37] {Threei} ESI Credit Suisse Raised ESI to Outperform from Neutral, price target: $135

[08:38] {Threei} morning dino

[08:38] {dino} ty, thoughts?

[08:39] {Threei} it must be some sector thing

[08:39] {Threei} APOL gaps up too

[08:39] {dino} yes, see it

[08:39] {Threei} but ESI clearly leads

[08:40] {Threei} with this size of gap, why do you even torture yourself? :)

[08:40] {Threei} tke it and be happy

[08:40] {dino} cpla flat

[08:41] {Threei} ABAT Receives New Orders of Electric Vehicles worth $1.6M (3.81, 0.00, 0.00%)

[08:41] {Threei} GR) Greece PM Papandreou: EU bailout package is safety net for Greece

[08:41] {Threei} - Whether activated or not matter of evaluation

[08:41] {Threei} - Aid package allows Greece greater calm to do the job

[08:41] {Threei} **Note: Greece needs to raise 11.6B by the end of May to cover maturing debt, with another 20B required by year-end to pay interest and finance the 2010 deficit

[08:42] {Threei} I am getting interested in what happens on AA

[08:42] {Threei} you'd think it should be down couple bucks by now

[08:43] {Threei} but it held very well yesterday after hours, and down just a smidge now

[08:43] {Threei} ABAT is trying...

[08:43] {Threei} very tough one

[08:44] {dino} out esi, 113.91, +4.91

[08:44] {Threei} wtg

[08:44] {Threei} go home

[08:44] {dino} lol, i should, back in 10

[08:50] {Threei} (IA) European officials: China and Russia moving closer to agreement on Iran sanctions

[08:57] {dino} .

[08:58] {Threei} good point

[08:59] {dino} indeed

[08:59] {dino} mos to 55 strike today

[09:02] {fernp} Good morning everybody

[09:02] {Threei} fern :)

[09:03] {Threei} PPHM

[09:03] {Threei} Peregrine Pharmaceuticals Inc. Presenting data from four clinical studies at ASCO

[09:03] {Threei} - Data from four clinical studies of bavituximab and Cotarahave been accepted for presentation at the 46th Annual Meeting of the American Society of Clinical Oncology (ASCO) to be held June 4-8, 2010 in Chicago, Illinois.

[09:06] {dino} mipi

[09:08] {RonS} gm all. mipi 4 mil sh short, 22% float

[09:08] {dino} cf, expe, deo

[09:09] {dino} :)

[09:09] {RonS} abk

[09:09] {Threei} Ron :)

[09:09] {dino} esi too

[09:09] {Threei} ABK totally lost its mind

[09:11] {Threei} MIPI yesterday ah

[09:11] {Threei} 4:02:50 PM

[09:11] {Threei} Molecular Insight Pharmaceuticals, Inc. Positive Phase II data published in Journal of Clinical Oncology

[09:11] {Threei} - Results from the Phase 2 clinical trial of 90 patients show that treatment with Onalta improved symptoms associated with metastatic carcinoid tumors.

[09:11] {RonS} ...abk used to be a bullet proof quasi monopoly money-making machine. w/ guvmint exclusive who know where it could go

[09:12] {Threei} therapy resulted in objective tumor response or stable disease in 67 (74.4%) of 90 patients with metastatic carcinoid refractory to octreotide therapy. Median progression-free survival and overall survival were 16.3 and 26.9 months, respectively. Furthermore, there appeared to be a correlation with prolongation of the period of progression free survival in those patients who had durable diarrhea improvement

[09:14] {fernp} this .45 break in LVS is valid, Vad?

[09:14] {Threei} premarket, I wouldn't

[09:14] {fernp} ok

[09:14] {Threei} LVS can be dishustingly volatile even during normal hours

[09:15] {dptl} good morning

[09:15] {Threei} dp :)

[09:22] {lasertrev} good morning

[09:22] {Threei} trev :)

[09:24] {Threei} ABAT, I doubt it has much fuel... some day maybe... not yet

[09:25] {shorty} good morning all

[09:25] {Threei} shorty :)

[09:26] {strider} LVS upgrade

[09:26] {strider} morning all

[09:26] {Threei} strider :)

[09:27] {magoo} morning comraddes

[09:27] {Threei} mags :)

[09:28] {magoo} what we stalkin?

[09:28] {Threei} MIPI

[09:28] {Threei} ABK

[09:28] {Threei} usual suspects

[09:28] {Threei} like LVS et al

[09:29] {RonS} key - ubs downgrade seems to be whacking big regionals, ie key, rf

[09:30] {Threei} MIPI, momo candidate on .20 break

[09:31] {Threei} risky like taking bacon from my breakfast plate

[09:32] {Les} hmmm how do you say suicidal

[09:32] {Les} M I P I

[09:32] {Threei} invalidated anyway

[09:32] {magoo} ABK niuts

[09:33] {Threei} that's understatement of the century

[09:34] {Les} l MIPI 4.01

[09:35] {Les} out +.20

[09:35] {shorty} nice

[09:35] {dino} wow esi continues up

[09:35] {Threei} and pulls APOL with it

[09:36] {dino} cpla too

[09:36] {Threei} Long Setup: CAT .80 break

[09:36] {Threei} if stays above .70

[09:37] {Threei} invalidated

[09:37] {magoo} spy falling

[09:37] {Threei} I am not switching to shorting just yet

[09:38] {Threei} all pullbacks were bought quikcly so far,

[09:38] {nemo} nah, this is the pullback before buying

[09:38] {Threei} no need to be a hero and catch reversal in strategy at exact moment it happens

[09:38] {magoo} agree vad

[09:38] {Threei} so, let's go with recent pattern until it clearly ceases working

[09:39] {RonS} mgm?

[09:39] {Threei} normally, CAT setup would have been two-sided

[09:39] {Threei} long .70, short .60

[09:39] {Threei} sorry, long .80, short .70

[09:39] {magoo} vad, any read FCX? bouncer?

[09:39] {Threei} MGM, let's try to catch long on pullback

[09:39] {Threei} FCX

[09:40] {Threei} .90 break half lot

[09:40] {Threei} with stop under .70

[09:40] {nemo} shoul hold .67

[09:41] {Threei} MGM, want it around .25

[09:41] {dino} mkt feeols heavy

[09:41] {dino} feels

[09:41] {Threei} watch LVS as a quide for MGM

[09:41] {nemo} 1/2 out fcx .90

[09:42] {Les} ty vad, caught fcx at .71 out .89

[09:42] {nemo} rest 84.10

[09:42] {Threei} MGM tries for break... not delighted, honestly

[09:42] {dino} hmmm feel was wrong

[09:42] {Threei} wtg guys, good modification on FCX

[09:42] {nemo} took it recross of .75

[09:43] {Les} bloody sheila

[09:43] {Threei} MIPI turns into loco

[09:43] {Threei} .40 break next leg

[09:43] {magoo} out .01 from .74 FCX

[09:44] {magoo} AUIG bouncer vad?

[09:44] {magoo} AIG

[09:44] {magoo} somewhere

[09:44] {dino} pwrd l .02

[09:44] {Threei} not yet

[09:45] {Les} stopped mipi flat

[09:45] {Threei} 41 break now mags

[09:45] {Les} abk 3

[09:46] {Les} cprx

[09:48] {Threei} frikin CAT

[09:48] {Threei} got away

[09:49] {Threei} Long Setup: AA .25 break

[09:49] {Threei} US) Preview: April IBD/TIPP Economic Optimism due out at 10:00ET

[09:49] {Threei} **consensus expectation: 47.5e v 45.4 prior

[09:50] {shorty} Missed AA

[09:50] {magoo} out AIG .11 TY boss

[09:50] {RonS} rimm

[09:50] {magoo} in AA

[09:50] {Threei} not a scalp by me, but can be played as such if you play big shares

[09:51] {Threei} AA has a chance to turn into one of those "what the heck, I thought it reported bad numbers, how come..." etc

[09:52] {fernp} .20 stop, Vad?

[09:52] {shorty} Thought they are merging with UAUA?

[09:52] {Threei} for scalpers yes

[09:52] {shorty} never mind

[09:52] {Threei} and after breaking .30, for day traders too

[09:53] {Threei} that was LCC shorty :)

[09:53] {fernp} ok only want to be sure :-)

[09:53] {shorty} lol

[09:53] {dino} cagc sm l .26

[09:54] {Threei} don't like these numbers approaching, at 10:00... can help or can shake us out

[09:54] {Les} vad, base developing on AIG and lower highs .70 b/d?

[09:54] {nemo} market will keep going up

[09:55] {Threei} most likely but initial shakepout is possible

[09:55] {Threei} no Les

[09:55] {Les} ok

[09:55] {Threei} BPOP Hearing Riley upgrades to Buy from Neutral (timing uncertain) (3.35, +0.30, 9.84%)

[09:57] {Threei} SPY C&H

[09:59] {Les} cprx vad, pullback here for long?

[09:59] {Threei} no idea on that one

[09:59] {Threei} SPY ruined C&H before triggering

[10:00] {dino} pwrd stopped

[10:00] {Threei} *(US) APR IBD/TIPP ECONOMIC OPTIMISM: 48.4 V 47.5E

[10:00] {Threei} COIN Announces 65% increase in Q1 sales (76.68, -0.62, -0.80%)

[10:02] {Threei} CPIX Ibuprofen Compares Favorably to Acetaminophen in Newly Published Meta-Analysis (10.84, -0.15, -1.36%)

[10:03] {Threei} market can't decide

[10:04] {Les} :( aig jumped 20 cents without me

[10:05] {dino} cml l .15

[10:05] {Les} wow miner's coming down

[10:07] {Threei} COIN = pulp

[10:08] {Threei} GE Reportedly expects share of lightining revenue from LEDs to triple by 2015

[10:08] {Les} MIPI db

[10:08] {RonS} rimm=salmon?

[10:08] {Threei} I doubt it les

[10:09] {Les} ty

[10:09] {Threei} RIMM{ pretty much, yes

[10:09] {Les} aig bounce = short entry?

[10:09] {Threei} AA, stop under .20

[10:10] {magoo} MIPI big pllbk vad

[10:10] {Threei} I wouldn't Les

[10:10] {Les} s aig .48

[10:10] {magoo} oh shit, iyts up 2 anyway

[10:10] {Threei} lol

[10:11] {RonS} ...as i look for iyts...

[10:12] {magoo} iyts=its

[10:12] {Les} ok out -.05

[10:13] {Threei} good out

[10:13] {Threei} look at 1 min AIG

[10:13] {Les} yeh its climbing

[10:13] {Les} pivot resistance here. will try to grab a pullback

[10:14] {Threei} exactly kind of formation from which it explodes like anthelope with turpentine up its butt

[10:14] {fernp} TEL Valid breakdown, Vad?

[10:15] {Threei} too narrow for my taste, fern

[10:15] {fernp} ty

[10:15] {dino} cagc stopped -.27

[10:16] {shorty} AA wants to break .30, but can't

[10:20] {Threei} {AA} excuse me? what did you just say about my potence?

[10:20] {shorty} lol

[10:20] {Threei} EUR/USD Approaching 1.3560 where euro sell-stop orders are rumored to lurk

[10:20] {shorty} I doubted the market makers Threei

[10:21] {Threei} why would you?

[10:21] {Threei} the most honest, mosst tansparent, most noble entities on the planet

[10:21] {Threei} and known universe

[10:21] {shorty} Like a lawyer?

[10:22] {Threei} evn more than that

[10:22] {Threei} don't see any news for this drop

[10:23] {shorty} Shake us out!

[10:23] {Threei} you didn't partial?

[10:23] {Threei} over 1:1, market selling

[10:24] {shorty} played the .30 break

[10:24] {Threei} why not protect part?

[10:24] {Threei} oooh

[10:24] {Threei} no way

[10:24] {shorty} yes

[10:24] {Threei} this kind of spikes after the break is for exiting

[10:24] {Threei} not for new positions

[10:24] {RonS} oil melting

[10:24] {shorty} oh....:s

[10:25] {Les} don't worry shorty, been there, done that

[10:25] {shorty} lol

[10:25] {Threei} why would you want to enter at .30, with call at .25 and stop under .20?

[10:25] {shorty} That hurts a bit.

[10:27] {Threei} shorty, may I suggest to switch to paper trading until you are confident you got the structure of setups and meaning of the calls down

[10:27] {RonS} ols Wall Street saw: "it's better to be out wishing you were in, than in wishing you were out."

[10:27] {Les} fair enough shorty, but 3 months down the track I look at same late setup as what you did and ignore it

[10:27] {fernp} WFC .05 break, Vad?

[10:28] {Threei} Ron, that's exactly my cat's thought at https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlOKHgE1Pee7blRJXVp67E68lmoBErX9CJHbbCJKwlv6RRwaN_BBt7Vkr7oBzX4m2KVqjtwmsaGyyUoC7wcZ0eiNof_4LMJkvmj-qXGO6OrG5aGZQ8P3iy9X-lBvISwUsGiPraDMLOmME/s1600/Image00006.jpg

[10:28] {Threei} not sure fern...

[10:28] {shorty} I am going for a walk, and think of what I have done.

[10:29] {RonS} cute pix

[10:29] {Les} yes, you've been a very naughty boy

[10:30] {Les} you committing animal cruelty there vad?

[10:30] {RonS} ...get shorty the cat o' nine tails...

[10:30] {Threei} never

[10:30] {Les} do I need to tell Larisa what has happened here

[10:30] {dino} xrtx l .10

[10:30] {Threei} I'll rather hurt a human than this cat

[10:31] {Les} shorty.... oh shooorty

[10:31] {RonS} lol

[10:31] {Threei} Market Internals update at 10:30ET

[10:31] {Threei} - NYSE volume 250M shares, about 5% above its three-month average; decliners lead advancers by 2.4:1.

[10:31] {Threei} - NASDAQ volume 615M shares, about 13% above its three-month average; decliners lead advancers by 1.9:1.

[10:31] {Threei} - VIX index +4.5% at just over 16.00

[10:31] {Threei} again this strangest pattern

[10:31] {Threei} volume increases on a red day

[10:32] {strider} that sounds ominous

[10:32] {strider} time for a 'correction

[10:32] {Threei} well, the strange part is, this pattern is with us through manny months of non-stop rally

[10:35] {Threei} Long Setup: CAT .45 break half lot

[10:36] {Threei} invalidated but 5 cents range recross hunt is on instead

[10:36] {dino} out cml flat

[10:36] {Threei} second half AA stopped

[10:36] {Threei} too bad, was promising to turn into stunner

[10:38] {Threei} CAT's ready

[10:39] {RonS} dino, cagc hit a famine...

[10:40] {Threei} 1:2

[10:40] {dino} watching it, feels like quick druve down and pop

[10:40] {Threei} the easiest money yet today

[10:42] {dino} rino hod

[10:43] {Threei} hello from petience guys.. she is hiking in montain monastery area near Tibet

[10:43] {magoo} say hi from magoo vad

[10:43] {Threei} I will

[10:43] {Les} you have mind or spiritual link with her?

[10:43] {dino} implant

[10:44] {Threei} once in a blue moon she finds Internet connection somewhere :)

[10:44] {Les} or something more prosaic like internet

[10:44] {Les} right

[10:44] {Threei} CAT 1:3 for those who were more patient

[10:44] {Threei} not me though

[10:45] {magoo} me

[10:45] {Les} me too, but too slow to capitalise on the gain

[10:45] {dino} cagc .29 l

[10:45] {Threei} you still in?

[10:46] {magoo} yup

[10:46] {Threei} partial at least?

[10:46] {magoo} in .40 area

[10:47] {ese} ahhhhhhh theres the ticket......

[10:48] {ese} have been cut off all morning

[10:48] {Threei} enter right password?

[10:48] {ese} wouldn't even allow to access the site let alone be able to put in a pass word

[10:49] {Threei} strange... we are up all morning

[10:49] {Threei} ABK

[10:49] {Threei} magoo, les

[10:49] {Threei} you have 1:4 here

[10:49] {Threei} have mercy

[10:50] {magoo} out .46 TY

[10:50] {Threei} take off part at least

[10:50] {Threei} whew

[10:50] {ese} had to hmibbit.comave been a problem with

[10:50] {Threei} CPRX Signs Definitive Agreement With the National Institute on Drug Abuse To Conduct U.S. Phase II(B) Clinical Trial for Cocaine Addiction (2.40, +0.51, 26.98%)

[10:50] {ese} whoops.....had to have been a problem with mibbet.com

[10:51] {Threei} not even that ese... a few people are connected through mibbit

[10:51] {ese} hmmmmmmmm

[10:52] {Les} I've been locked out of mibbit, as has trev.

[10:53] {Les} thinks handle is already in use

[10:53] {Threei} CPRX...

[10:53] {Threei} maybe if takes that huge offer at .45...

[10:54] {Threei} ABK momo

[10:55] {ese} in and out ABK .24 /.31 +.07

[10:55] {Les} sweet

[10:56] {jfjf64} hban short

[10:57] {Threei} struggle for 5 cents, jf

[10:57] {ese} tks.......tuned in just in time...still trying to figure out why i couldn't log onto the site though

[10:57] {Threei} not sure its's worth it

[10:57] {ese} yes...been a struggle for days now

[10:57] {magoo} let me help

06[10:57] * magoo slaps ese around a bit with a large trout

06[10:57] * magoo slaps ese around a bit with a large trout

06[10:57] * magoo slaps ese around a bit with a large trout

[10:58] {jfjf64} ty

[10:58] {ese} lol

[10:58] {ese} agady agady agady.......lips stretching out from face on each successive slap

[11:00] {jfjf64} abk pull bk

[11:01] {nemo} ba interesting but dont' like the volume on the cup

[11:01] {Threei} IMF proposes taxing derivative dealers instead of having a clearing mandate

[11:02] {dino} tax tax tax thats all you hear anymore

[11:02] {nemo} makes sense...take money from them instead of fixing the structural issue

[11:02] {nemo} guess I should have like the cup on BA

[11:03] {Threei} ABK Ticking lower, hearing JP Morgan making cautious comments (timing uncertain) (3.13, +0.88, 39.11%)

[11:03] {Threei} Reiterates Underweight rating; sees no equity value

[11:03] {Threei} yikes

[11:03] {Threei} shortable btw

[11:03] {fernp} AXP .80 break, Vad?

[11:04] {Threei} yes, for a scalp

[11:04] {RonS} ...eventually they will tax comments...

[11:04] {dino} cml .15 l

[11:04] {Threei} lol ron

[11:08] {dino} and breathing

[11:08] {Threei} AXP made it very easy for you, fern :)

[11:09] {dino} gj fern

[11:10] {dino} cagc to .74

[11:10] {dino} .73

[11:10] {Threei} ABK, anyone found guts to short?

[11:10] {Les} can't

[11:10] {RonS} me neither

[11:10] {Les} so imagine guts I need to go long

[11:10] {dino} out .74, +.45

[11:11] {Les} suicide

[11:11] {Les} screwed up the first long entry at 3

[11:11] {Les} 200ma .65

[11:12] {Threei} getting killed

[11:12] {dino} xrtx stopped

[11:13] {Les} AIG db?

[11:13] {Threei} if pulls back closer to 40, I'd be interested

[11:14] {Threei} JNJ FDA Approves New Drug Application for PANCREAZE Pancreatic Enzyme Therapy to Treat Exocrine Pancreatic Insufficiency

[11:14] {Les} love that quarterly theory dino, ABK was a perfect scalp opp bouncing there.

[11:15] {Les} aig

[11:15] {dino} ;)

[11:16] {RonS} abk - 27k 2.50 puts purchased today w/ oi at 1.7k...now the q is were they jpm's?

[11:16] {Threei} AIG is pretty much ready Les, either bounce or breakdown

[11:17] {Threei} equal chance

[11:17] {shorty} You short Les, I will go Long.

[11:17] {Les} l aig .11 small shares

[11:17] {Threei} ABK

[11:18] {Threei} this bounce should be good for short entry, trying to find setup

[11:18] {RonS} csx reports ah. Directional move has been extending for multi-days...

[11:19] {fernp} QGEN .50 break is valid, Vad?

[11:20] {Les} out aig +.17

[11:20] {Threei} don't count on much if you took it fern

[11:20] {Threei} just a small scalp

[11:20] {Threei} wtg Les

[11:21] {Threei} see how easy they can be if you patiently wait for the right formation?

[11:21] {fernp} yes, took last shares at .50

[11:21] {Threei} even if this one didn't work, it would have been easily visible, no struggle to make a decision

[11:22] {Threei} Short Setup: ABK .95

[11:22] {Threei} stop 3.03

[11:22] {Threei} can take a few tries

[11:25] {Les} aig looking short vad

[11:25] {Threei} not really

[11:25] {Threei} neither does it look long

[11:25] {Threei} just no read

[11:25] {Les} h&s

[11:25] {Les} ?

[11:26] {Threei} right formation in a wrong place

[11:26] {Threei} H&S is a trend reversal formation,

[11:26] {Threei} it's readable at the top of an uptrend

[11:26] {Threei} here, it forms at the bottom of the downtrend

[11:27] {Les} ok

[11:27] {Threei} it could work... it's not something readable in a sense of traditional setups

[11:27] {Threei} die already ABK

[11:27] {dino} rino l .50

[11:27] {Les} giving spy meltup I guess I don't wanna be too aggressive shorting

[11:28] {Les} bpop has some strength today

[11:29] {Threei} had some news before open

[11:29] {Les} ok

[11:30] {dino} ctrp l .24

[11:30] {Threei} OGXI Hearing Rodman and Renshaw reiterates Buy rating and $58 price target (timing uncertain)

[11:30] {fernp} 1:1 QGEN ty Vad

[11:35] {RonS} mos looks like it want to break and long term trendline

[11:36] {RonS} and=a

[11:37] {dptl} you still in abk Vad?

[11:37] {Threei} half

[11:37] {Threei} it hit 1:1

[11:38] {Threei} trailed to 3.01

[11:38] {Threei} by the book should have trailed to .96 but want to give it a little more room

[11:38] {Threei} has a chance to turn into serious mover

[11:39] {dptl} missed half exit still in

[11:39] {Threei} here it is again

[11:39] {Threei} take half off

[11:39] {dptl} out ty

[11:39] {Threei} or if all you want is a scalp, you know what to do

[11:40] {dptl} yes all out

[11:40] {Threei} if you don't - I will have to ask you what year it is, who is the president etc...

[11:41] {Threei} ok ABK

[11:41] {Threei} let's do it

[11:41] {Threei} because you know... bees do it

[11:41] {Threei} even lazy jellyfish do it

[11:42] {Threei} CALM Humane Society allege price fixing in Egg Industry - update (35.59, -0.16, -0.45%)

[11:43] {Threei} Humane Society had requested investigation by the Attorney General on April 12

[11:45] {Threei} 1/4 more cover ABK

[11:46] {Threei} .81

[11:46] {Threei} now, for the last part, stop to b/e

[11:46] {Threei} and decide between covering near .70 or just trailing and letting it run

[11:46] {Threei} personal choice really

[11:47] {Threei} if you want out, it's right here

[11:47] {Threei} it want to trail new stop is .85

[11:47] {Threei} I am out

[11:47] {Threei} .70

[11:48] {Threei} +.25, not too shabby for a cheapy

[11:48] {Threei} of course it drops more, lol

[11:51] {Threei} anyone kept it for more?

[11:51] {Threei} or you all went to sleep? tell me if so, I will too

[11:52] {Les} hey hey, don't look at me. can't short it

[11:52] {Threei} you are forgiven

[11:52] {Threei} but no one else is

[11:52] {Les} I would have kept until .60. pivot support

[11:52] {Threei} NYU Economist Roubini: Fed could resume quantitative easing

[11:52] {Threei} yeah... sigh

[11:52] {Les} bpop coming down

[11:53] {shorty} Was not shortable for me Threei, not that I would have played it anyway. I will sit on the sidelines today with my cat o nine tail markings.

[11:56] {Les} definition of stupid +.06 10k spike down didn't cover

[11:59] {Threei} serious dump in progress on ABK

[11:59] {Threei} not in anymore but can't discard the chance to turn a screwdriver in the open wound of all who didn't take the trade

[11:59] {RonS} abk apr 2.50 put vol at 40k

[12:01] {dino} mean spirited today huh vad

[12:01] {Threei} today??

[12:02] {dino} out ctrp .44, +.20

[12:02] {Les} ABK closing price was .25. good opp for a bounce

[12:03] {Threei} that's my normal state... but yeah, it's getting aggravated when the best call of the day is skipped by most

[12:03] {dino} couldn't borrow

[12:03] {Threei} all laserheads could

[12:03] {dino} i know

[12:03] {Les} using what dino?

[12:03] {Les} broker

[12:04] {Threei} look at it go

[12:04] {dino} cyber

[12:04] {RonS} pool bet- abk to 1.80

[12:04] {dino} ioc

[12:05] {shorty} PALM?

[12:05] {Les} ok grabbed +.06 10k abk.

[12:06] {Threei} PALM no activity

[12:06] {shorty} Was looing at the tima ans sales huge selling

[12:06] {shorty} looking

[12:07] {shorty} Time and sales

[12:07] {Threei} T&S practically not moving

[12:07] {Threei} trade a minute

[12:07] {RonS} huge is relative...just ask your wife...

[12:07] {dino} lol

[12:07] {Les} ouch

[12:08] {shorty} Why would I care what my wife thinks.

[12:09] {Les} because she has objective judgement? Could be useful as trading partner :)

[12:09] {RonS} just trying to be funny but "because her name is not vad"

[12:11] {shorty} That was funny RonS

[12:12] {RonS} ...back in a while for the close...

[12:14] {Threei} GR) Germany Chancellor Merkel: Greece auction earlier shows that Greek aid is not yet needed

[12:14] {Threei} for the next 5 min anyway

[12:19] {magoo} vad, i was with trev working on issues

[12:19] {magoo} we in anything?

[12:19] {magoo} did u guys short ABK?

[12:19] {dino} sm l mee .25

[12:20] {Threei} at 2.95 mags

[12:20] {magoo} cool

[12:20] {magoo} anything now?

[12:21] {Threei} watching it again, big bounce

[12:24] {Les} bpop hod

[12:33] {Les} trying for momo

[12:34] {shorty} CIEN on fire again today.

[12:35] {Threei} US) Southern California March median home price +14% y/y, to $285K; sales +5% y/y - Dataquick

[12:35] {Threei} - note: March national US existing home sales data is due out on 4/22

[12:36] {shorty} Trying to convince my parents to buy in California, but Arizona it is.

[12:39] {dptl} Vad ,fdo,is that C&H?

[12:40] {Threei} it's a valid break if holding above .90

[12:41] {dptl} ok ty

[12:42] {Threei} Short Setup: ABK .55

[12:44] {dptl} stop above .60?

[12:44] {Threei} if sets up from here

[12:44] {Threei} for now there is minor resistance at .62 and .65

[12:44] {Les} can you short 10k for me vad? ;)

[12:44] {Threei} but if triggers not going over .60, all the better

[12:44] {Threei} yes but I will keep the proceeds

[12:48] {Threei} so far it's .62 that's held

[12:50] {Threei} invalidated

[12:54] {Threei} BPOP relentless climb

[13:02] {nemo} awiav?

[13:02] {Threei} no

[13:03] {Threei} BPOP beautiful move but haven't seen clean setup for entry

[13:20] {dino} cagc

[13:21] {Threei} (US) Nuclear Summit Draft Statement: Reaffirms role of IAEA, pledges not to infringe on the right of states to use nuclear power for peaceful purposes

[13:21] {Threei} - Pledges more cooperation on preventing illegal trafficking of nuclear technologies

[13:21] {dino} mee stopped -.26

[13:21] {Threei} as if we needed more hot air

[13:24] {Threei} noticed that period of activity today was longer than usual?

[13:26] {Threei} CH) Treasury Sec Geithner: It is in China's interest to rely less on exports, US consumers to drive economic growth

[13:26] {Threei} someone explain to me what is going to happen if we stop getting cheap chinese imports...

[13:26] {nemo} we start paying for expensive chinese imports

[13:27] {Threei} I understand that their theory is, we will get incentive to re-start US production

[13:27] {shorty} Less lead poisoning?

[13:27] {Threei} lol

[13:28] {Threei} but that feels like distant future, and with many potholes ahead

[13:28] {shorty} They will find another country to be a chep export.

[13:28] {shorty} cheap

[13:28] {Threei} and then will press it to let its currency float?

[13:29] {Threei} and then they will run out of those countries

[13:29] {nemo} rimmm might be ready to break out

[13:29] {Threei} 'caue even penguins in Antarctica will agree to work for free for just so long

[13:29] {ese} ahhhhhhhh back again.......internet problems here....hows it goin

[13:30] {Threei} went quiet ese

[13:30] {ese} end of the world?

[13:30] {Threei} ABK and BPOP are still more or less active

[13:30] {Threei} nah, they canceled that

[13:30] {ese} hmmmmm

[13:30] {Threei} or postponed

[13:31] {Threei} by kicking the can down the road

[13:31] {Threei} they pretty much decided to leave the end of the world to our grandkids which is just fine with me - my kids said they are not going to have any

[13:32] {Threei} - US will be agresssive in seeking China promotes a level playing field for US businesses, moving China to a more flexible exchange rate.

[13:32] {Threei} - Does not make sense for China to maintain a montary policy regime that essentally allows FOMC to set rates for them

[13:38] {Threei} good call on RIMM nemo

[13:38] {Threei} BPOP guys

[13:39] {Threei} .70 break for a scalp

[13:39] {Threei} if stays above .65

[13:43] {nemo} oes bpop become a short on failure

[13:43] {Threei} formally yes but I am not inclined to play this

[13:47] {nemo} still valid vad, never broke .65

[13:48] {nemo} although...has that whack-a-mole feel above 70

[13:48] {Threei} yes but I'd want to see little pullback first

[13:48] {Threei} just couple cents

[13:48] {Threei} don't want to play break on the top of one green bar

[13:48] {Threei} yup, like this

[13:48] {Threei} no, not like this

[13:48] {Threei} lol

[13:49] {nemo} that could be a shakeout bar before breaking either way

[13:49] {Threei} long is invalidated, short is not to my liking

[13:50] {Threei} leabving it alone for now

[13:52] {Les} mipi slowly coming down

[13:56] {KSystems} Hey

[13:56] {Les} ...is for horses

[13:56] {Les} :D

[13:56] {nemo} Verdammte Deutscher

[13:56] {KSystems} was willst Du denn, Ami?

[13:57] {nemo} touche

[13:57] {KSystems} :-D

[13:58] {nemo} Niemand hat mir "Ami" gesagt im fast dreizig Jahren.

[13:58] {nemo} oy..grammatik

[13:59] {Threei} ks :)

[13:59] {KSystems} lol yeah I suppose

[13:59] {KSystems} we dont use it anymore, either

[14:00] {nemo} It was specific to soldiers

[14:02] {Les} bpop coming down

[14:03] {nemo} bounce around .52

[14:04] {shorty} Got to go. cya tomorrow.

[14:04] {Les} ciao shorty. get a paper account setup will ya. I'm lonely on my own

[14:04] {Threei} take care shorty

[14:05] {dino} cya shorty

[14:08] {dino} cagc l .30

[14:11] {magoo} vad, u reading ABK?

[14:11] {Threei} it looks like short to me

[14:11] {Threei} but it lost that clarity it had before

[14:12] {Threei} nbot that easy read now

[14:12] {magoo} short to me also

[14:12] {Les} abk

[14:13] {Les} sorry

[14:13] {magoo} move to 2 bux looks like

[14:15] {Threei} JBLU Hearing JPM makes positive comments (timing uncertain) (6.23, +0.35, 5.95%)

[14:19] {Les} kerx just tried to bust a move

[14:21] {nemo} aig

[14:23] {Threei} fess up mags

[14:23] {Threei} shorted ABK near .40?

[14:29] {Les} wow, abk shortable now

[14:32] {Les} now it isn't lol

[14:33] {Les} look at that. easy 10 cents

[14:33] {Les} :(

[14:35] {Les} pivot .94 abk. drop below 2 for long entry?

[14:36] {Threei} sure becomes a bounce candidatge there, but don't go off price alone

[14:36] {Les} sure

[14:41] {Threei} magoo, you alive?

[14:42] {Threei} a few ultrashorts will undergo reverse split

[14:43] {Threei} some 1:5, some 1:10

[14:43] {Threei} notably, SRS

[14:43] {Threei} FXP

[14:43] {magoo} here, all good

[14:44] {Threei} ok, just want to make sure that if you did short that thing, you take some off the table

[14:44] {Threei} last hour may become very hectic on it

[14:49] {Threei} (FR) French official: France proposes that leaders of nations found to transfer nuclear materials to terrorists should face international court tribunals

[14:49] {Threei} yes... and to get him, let's go in and start a war?

[14:53] {Threei} Long Setup: BPOP .60

[14:54] {nemo} great, it dies

[14:54] {nemo} stop under?

[14:55] {Threei} .55 if scalper, .50 is day trade

[14:55] {Threei} if

[14:57] {dptl} stopped

[14:58] {Les} dt spy?

[15:00] {Threei} I don't see it

[15:00] {Les} ok

[15:05] {Threei} ABK

[15:05] {Threei} biunce is coming most likely

[15:07] {Threei} AVNR Presents Zenvia Long-Term Efficacy Data at AAN Annual Meeting Late Breaking Science Program (3.05, 0.00, 0.00%)

[15:11] {Threei} anyone went for ABK?

[15:11] {Les} y

[15:11] {Threei} 2?

[15:11] {magoo} y

[15:12] {magoo} y

[15:12] {Les} .02

[15:12] {Threei} try to exit first half around .10, probably just abovce

[15:12] {Threei} unless you simply went for a quick scalp in which case you already got it

[15:13] {Les} holding on

[15:13] {Les} bpop testing .60

[15:17] {nemo} stoppe

[15:20] {Les} l aig .20

[15:27] {Les} stopped -.04

[15:33] {Threei} BPOP getting frisky

[15:33] {Threei} was tempted under .40, it jumped 15 cents before I realized I am tempted

[15:34] {Les} was waiting .25

[15:34] {Les} for .30 reversal

[15:34] {Les} break

[15:35] {nemo} frickin' bpop

[15:44] {RonS} lost my time stamp...but, "pool bet- abk 1.80"

[15:45] {Les} grabbed +.10 on b/d but handled ABK badly overall. will revue each trade

[15:46] {Les} BPOP was good to me however

[15:46] {Threei} ABK is nothing but flying crap

[15:46] {Threei} BPOP could be real deal

[15:47] {Les} yeh there will be many years of paper trading before confidently trading such stocks for real

[15:47] {RonS} viva Puerto Rico

[15:48] {Threei} slow grind up continues... market managed to squeeze out another green day

[15:49] {Les} alright, I need my beauty sleep. c u's tomorrow

[15:49] {Threei} can't evewn imagine what it feels like, to be short this market

[15:49] {Threei} must be beyond any reasonable pain

[15:50] {nemo} this market will probably drift through the summer a bit and then resume northward

[15:50] {Les} is there any more money to suck in?

[15:50] {Threei} plenty, IMO

[15:51] {nemo} it's is there anybody willing to sell

[15:52] {Threei} who is reporting today

[15:52] {Threei} INTC

[15:52] {RonS} csx, intc

[15:52] {Threei} that could send market up screaming again

[15:52] {nemo} csx

[15:53] {RonS} intc has sold off the lat 2 Q's w/ stellar reports and outlook...twill be interesting...

[15:54] {RonS} jpm in the a.m.

[15:54] {Threei} and market flagship IGTE

[15:54] {RonS} ...and yum

[15:54] {RonS} ...ops ah

[15:55] {RonS} ops=oops

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

[15:56] {Threei} take care dp

[15:57] {Threei} look at ABK daily

[15:57] {Threei} quite a spectacle

[15:59] {Threei} thank you all, have a good evening

[15:59] {Threei} see you tomorrow

[16:00] {dino} `wbmd

[16:07] {dino} csx

[16:11] {Threei} CSX Reports Q1 $0.78 v $0.70e, R$2.5B v $2.4Be

[16:15] {Threei} INTC Reports Q1 $0.43 v $0.38e, R$10.3B v $9.8Be

[16:16] {Threei} - Guides Q2 Rev $10.2B (plus or minus $400M) v $9.7Be

[16:16] {Threei} up up and away

[16:16] {nemo} catch any

[16:17] {dino} not yet\

[16:19] {fernp} Good evening everybody. See u tomorrow

[16:19] {dino} cya fern

Apr 12 2010

Slow grind continues, with most of the day being inactive. A few morning trades yielded modest profits, with best of them being WFC long; the rest were just scalps.

Session Time: Mon Apr 12 00:00:00 2010

[07:47] {_vasilisa} gm all.

[08:27] {Threei} AONE

[08:27] {Threei} A123Systems Lazard sees possible deal worth up to $100M to supply batteries to Chrysler

[08:27] {Threei} - In a Lazard report, AONE is said to be gaining traction with this deal to supply batteries for the Fiat 500, following other announcements with Navistar and Fisker.

[08:27] {Threei} - This could represent a $100M opportunity and is expected to be introduced to the US market in 2012

[08:27] {Threei} - Maintains Buy rating with a $24 price target

[08:27] {Threei} - Expects solid revenue and earnings growth for the next several years.

[08:33] {fernp} Good morning everybody

[08:33] {nemo} hola fern

[08:33] {Threei} fern, nemo :)

[08:38] {strider} CLNE

[08:40] {Threei} Barron's Summary: cautious on LAZ, CLNE

[08:40] {Threei} - Cautious on CLNE on dilution risks and valution. Pickens who controls CLNE has lobbied for a very long time on an energy bill that will subsidize the conversion of trucks to natural gas. As natural gas is cheaper than OPEC's diesel fuels Pickens is optimistic that such bill will be enacted by the Congress. The so-called Pickens plan has already been accepted by Wall Street which values the venture at 45 times the cash flow of analysts for 2010 and 20 times the average forecast for 2011. Barrons argues that such an excitement for a yet unprofitable venture is premature and after a boost of 50% in the shares, the market has more than discounted the potential government subsidies. However, CLNE, despite government subsidies, has failed to report a profit and Barrons argues that the subsidies have merely prevented the company's losses from being deeper. Second, there is a dilution risk as the company has significant capital needs in order to build its fueling infrastructure. Management awards itself with stock options and warrants could dilute earnings to almost 30%. If company reports a profit Pickens will have to exercise its 15M shares warrant lest he loses a profit of $150M

[08:44] {ese} gm

[08:44] {nemo} dude

[08:44] {Threei} ese :)

[08:44] {ese} dude

[08:44] {ese} vad

[08:46] {Les} Les

[08:46] {Les} no wait, that's me

[08:46] {Threei} lol

[08:46] {Les} vad

[08:46] {Threei} morning

[09:00] {Threei} (GR) Fitch still has concerns over Greek budget deficit; EU plan for Greek package still not fully clarified

[09:01] {dptl} good morning

[09:01] {Threei} dp :)

[09:06] {ese} kerx?

[09:06] {Threei} from Thirsday

[09:07] {Threei} Keryx Biopharmaceuticals Inc Initiates Phase III Registration Trial of KRX-0401 (Perifosine) for Treatment of Patients with Refractory Advanced Colorectal Cancer

[09:07] {Threei} nothing fresher

[09:08] {Threei} watch this huge offer at 3.70

[09:08] {Threei} if it's talen out, maybe has a chance

[09:09] {Threei} taken

[09:14] {ese} mine still shows 61k yet

[09:15] {Threei} with change, yes

[09:15] {strider} ese, I think he was just correcting 'talen' to 'taken'

[09:15] {Threei} IMAX CEO: IMax Q1 box office exceeded $225M (update) (17.11, 0.00, 0.00%)

[09:17] {dino} gm all

[09:17] {Threei} dino :)

[09:17] {strider} morning everyone

[09:17] {Threei} (US) National home loan delinqency rate 10.2% at end of March, a fresh record high - CNBC

[09:18] {Threei} strider :)

[09:18] {strider} :)

[09:18] {gen} gm all

[09:18] {Threei} gen :)

[09:18] {gen} :)

[09:22] {shorty} gm all

[09:22] {Threei} shorty :)

[09:25] {lasertrev} morning

[09:26] {gen} :)

[09:27] {jfjf64} mornin

[09:27] {Threei} trev, jf :)

[09:30] {Threei} watching WFC

[09:30] {Threei} pullback to about .20 is of interest,

[09:30] {Threei} or .40 break if holding .30

[09:32] {Threei} Long Setup: LVS .35 break

[09:32] {Threei} if stays above .25

[09:33] {Threei} invalidated

[09:33] {Threei} pullback entry rather, unclear yet

[09:36] {Threei} PALM, on watch for pullback entry

[09:37] {Threei} wow

[09:38] {fernp} WFC, Vad?

[09:38] {nemo} palm you mean?

[09:38] {Threei} LVS, .30 break

[09:38] {Threei} if stays above .20

[09:38] {Les} ABK

[09:38] {ese} maybe up for sale palm

[09:38] {dino} cagc .51 trig l

[09:38] {Threei} WFC, no clear entry...

[09:39] {fernp} ok

[09:39] {Threei} LVS, cnage of plan:

[09:39] {Threei} .20 break

[09:39] {Threei} if holding .15

[09:41] {ese} l palm .93

[09:42] {nemo} 1/2 out lvs

[09:42] {nemo} stop 2nd half

[09:43] {shorty} took me out LVS

[09:44] {nemo} had 1:1

[09:44] {Threei} you ever took that KERX ese?

[09:45] {Threei} 1:2

[09:46] {dino} ctrp luv

[09:46] {dino} esi -9 pts in 3 dats

[09:47] {ese} hi vad no

[09:47] {dino} cagc triggered

[09:47] {Threei} frikin LVS

[09:48] {RonS} Titanium Metals April calls active on renewed takeover chatter

[09:48] {nemo} think there's any logic on early morning volatility to hold original stops even if price hits 1:1

[09:48] {nemo} If you partial ends up being a wash

[09:49] {Threei} PALM starts looking like momo

[09:49] {Les} palm 6 break?

[09:50] {Les} didn't see your last

[09:50] {ese} out palm .98 =.05

[09:50] {Les} abk is momo

[09:50] {Threei} no kidding

[09:51] {Les} nope

[09:51] {Threei} who would have thought this sloth was capable of such moves

[09:51] {fernp} LVS C&H, Vad?

[09:51] {Threei} formally yes

[09:52] {Threei} how reliable it is, hard to tell

[09:52] {Les} took .04 from ABK

[09:53] {Threei} PALM finally pulling back

[09:54] {jfjf64} vad look mir pullbk any entry ya see

[09:54] {Threei} 5.70 - 5.75 zone for long entry

[09:54] {Threei} MIR, about 12.50

[09:55] {Threei} volatile one, careful

[09:55] {Threei} can easil,y overshoot any target by 20 cents

[09:55] {jfjf64} ty

[09:56] {RonS} NEW YORK, April 12 (Reuters) - Shares of Mirant Corp (MIR:$12.78,00$2.05,0019.11%) and RRI Energy (RRI:$4.52,00$0.57,0014.43%) rallied on Monday after they announced on Sunday that Mirant Corp (MIR:$12.78,00$2.05,0019.11%) would take over RRI to create one of the nation's largest independent power producers.

[09:56] {Threei} ABK

[09:56] {Threei} huge pullback

[09:56] {Les} finished, or long opp?

[09:57] {Threei} under .50 for entry

[09:57] {Threei} alternatively .55 break

[09:57] {Threei} hopefully pullback though

[09:58] {Threei} doesn't want to lose .50

[09:59] {Threei} stop under .50

[09:59] {nemo} didin't catch it

[09:59] {jfjf64} aig mind of it own AGAIN

[10:00] {Threei} ABK 1:1

[10:01] {dino} apol sm l .75

[10:01] {Les} and done. ty sir

[10:02] {Threei} ABK?

[10:02] {Les} y

[10:02] {Threei} cool

[10:03] {Threei} jf, AIG, next leg down for entry if you want this one

[10:03] {Threei} no way to call it exactly

[10:03] {Threei} have to feel it as it goes, I can only try and call a "number of waves" so to speak

[10:03] {Threei} here it is

[10:03] {nemo} o.k. Elliot

[10:04] {Threei} don't even

[10:04] {Threei} hate that voodoo

[10:04] {nemo} ElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliotElliot

[10:04] {nemo} :)

06[10:04] * Threei slaps nemo around a bit with a large voodoo doll

06[10:05] * nemo starts blood diagrams on rice paper

[10:05] {Threei} if you managed to catch WFC, you got a nice bounce

[10:06] {Threei} sorry, can't provide more precise entry, this is magoo/jf kind of play

[10:06] {Threei} either you get a feel for it or stay away

[10:06] {dino} cagc stopped -.15

[10:07] {Threei} LVS, what a strange way to move today

[10:07] {Threei} usually this one is much more readable

[10:09] {Threei} PALM stabilized

[10:09] {Threei} formed .80 - .90 range

[10:10] {Threei} probably worth a try but I'd o for aggressive entry

[10:11] {dino} thd

[10:11] {dino} deck

[10:12] {magoo} hey

[10:12] {Threei} hey mags

[10:15] {ese} in and out cien .29 to .37 +.08 sorry didn't have time to post

[10:15] {jfjf64} mgm vol

[10:15] {shorty} ese, I had it at 17, took me out at .94

[10:15] {Threei} MGM is probably better player today than LVS

[10:15] {Threei} smoother

[10:16] {ese} what are yo thinkin with thd dino 46 break

[10:16] {jfjf64} .50 break

[10:16] {jfjf64} invalid

[10:16] {Threei} on MGM?

[10:17] {dino} thd sm l .95

[10:17] {jfjf64} y

[10:17] {Threei} no, let's try for pullback entry

[10:17] {Threei} under .30

[10:17] {jfjf64} need ya for thiss hard time for me

[10:17] {Threei} or .35 break if market spikes sharply

[10:17] {Threei} pullback under .30 is the best

[10:18] {Threei} should do it nowe

[10:18] {dino} esi db

[10:18] {Threei} ok, recross with 5 cents ranges now

[10:18] {ese} thd dino....what are you thinkin

[10:19] {dino} up

[10:19] {ese} did you get back in shorty...cien

[10:19] {dino} .45 area

[10:19] {shorty} no....took a break

[10:20] {dino} sllllllllaaaaaappppppp shorty, too early for breaks

[10:20] {jfjf64} in .31

[10:20] {dino} esi pulp trades

[10:20] {shorty} Got angry, and wanted revenge.

[10:21] {dino} break of .50 sm l

[10:22] {Threei} anyone went for PALM aggressively?

[10:23] {jfjf64} hit

[10:23] {Threei} MGM not holding

[10:23] {nemo} stoppe mgm

[10:23] {Threei} lwet's let it drop more

[10:24] {Threei} ugh... .20 was it but happened way too fast

[10:25] {Threei} that was rude

[10:27] {nemo} yep, rinsed

[10:28] {jfjf64} watchin cien 5 min .47 break

[10:28] {Threei} Long Setup: AONE 14 break

[10:28] {shorty} Twice for me today nemo. A little discouraging, especially at the start of the day.

[10:29] {nemo} I've had it happen six times in a row

[10:29] {Threei} second one was stop fair and square

[10:29] {shorty} :O

[10:29] {Threei} but first, I don't get it

[10:29] {nemo} yep

[10:29] {Threei} it hit 1:1 and slightly above

[10:29] {nemo} shorty's execution not up to snuff yet

[10:29] {Threei} you may let it turn into wash, if get greedy

[10:30] {Threei} but how do you turn it into loss

[10:30] {shorty} I like the word"yet"

[10:30] {Threei} AONE, two versions of stop, under .95 and .90

[10:31] {nemo} for DTs an PSs

[10:31] {Threei} right

[10:31] {nemo} Les has his own category

[10:31] {Threei} shorty, the question is: was it wrong decision, or bad execution

[10:32] {shorty} What is it...Trading the Hope System? Hold and hope.

[10:32] {dino} pwrd

[10:32] {Threei} decision then

[10:33] {shorty} Decision for sure Threei.

[10:33] {Threei} ok... gives you a hint what to work on, and as such becomes a tuition fee, not wasted material

[10:34] {shorty} It's being more patient I think Threei. I think I still have the "I am going to miss out on this one if I don't get it now"

[10:38] {Threei} market made a few hectic moves in a narrow range, , so our question is,

[10:38] {Threei} which way it breaks

[10:38] {Threei} RIMM

[10:38] {nemo} or just mosey's along until earnings season shows it's fangs

[10:38] {Threei} half lot long 70 break

[10:38] {Threei} if holding .90

[10:39] {Threei} AONE holding well

[10:39] {fernp} AONE is still valid if breaks 14, no Vad?

[10:39] {Threei} yes

[10:39] {fernp} ty

[10:41] {Threei} day trading stop would be under .80, but I really hate to have it that far, even with half lot

[10:41] {magoo} any news AIG?

[10:41] {Threei} RIMM that is

[10:41] {Threei} AIG, no

[10:41] {ese} grrrrrrrrrrrrr fraction of a second late on palm

[10:41] {ese} grrrrrrrrrrrrr

[10:41] {Threei} AONE invalidated

[10:42] {shorty} wow. was thinking of playing the range on PALM too.

[10:42] {Threei} not sure what you guys were trying to do on PALM

[10:42] {Threei} it was called as .80 - .90 setup,

[10:43] {Threei} with aggressive entry preference

[10:43] {ese} always happens......ahhhhhhhh i'll just take a quick look at something else........and POW!!!!!!!!!!! right in the kisser

[10:43] {Threei} so, you would be in .91 worst case scenario

[10:43] {Threei} .86 - .87 best

[10:44] {ese} i was lookin for .95 break vad

[10:44] {Threei} what can I say... no one listens to me...

[10:44] {Threei} unless I call a stop that is

[10:45] {Threei} now look for stops on RIMM while 1"3 on cheapie PALM is widely ignored

[10:45] {Threei} 1:3

[10:45] {nemo} I missed the palm call

[10:45] {ese} sorry i missed your .80 .90 call

[10:45] {nemo} didn't even see it

[10:46] {Threei} [10:09] {Alert} Threei PALM stabilized

[10:46] {Threei} [10:09] {Alert} Threei formed .80 - .90 range

[10:46] {Threei} [10:10] {Alert} Threei probably worth a try but I'd o for aggressive entry

[10:46] {nemo} missed it

[10:46] {ese} opps

[10:46] {ese} but we still love ya though vad

[10:46] {Threei} sniff sniff

[10:46] {nemo} is that the royal "we"?

[10:47] {shorty} I was looking at it at 10.39 for it to pull back. Did not listen to Threei.

[10:48] {shorty} AONE failed, I guess.

[10:49] {Threei} it nevere triggered

[10:49] {Threei} it invalidated

[10:49] {ese} thd dino?

[10:49] {shorty} lol.sorry invalidated.

[10:49] {Threei} [10:41] {Threei} AONE invalidated

[10:49] {Threei} sheesh, anyone pays any attention to me?? :)

[10:49] {Threei} I go back to sleep

[10:50] {shorty} I think I should go back to bed.

[10:50] {magoo} me

[10:50] {ese} what can we say.....were trying to become independant.......like kids growing up

[10:51] {ese} oh dino ....ohhhhhhh dino....thd buddy

[10:51] {shorty} Your a teacher ese, you see that more then anybody else here probably.

[10:51] {dino} zzzzzzzzzzzzzzzzzzzzzz

[10:51] {Threei} WFC...

[10:52] {Threei} if market elects up eventually, .55 break

[10:52] {dino} pwrd sm l .00

[10:52] {ese} DDDDIIIIIINNNNNOOOOO!!!!!!!!!!!! smack!

[10:53] {shorty} your = you're

[10:53] {Threei} magoo, jf

[10:53] {ese} ese......then brought in front of disciline board

[10:53] {Threei} AIG starts this dance of consolidation after pullback

[10:53] {ese} dicipline

[10:53] {Threei} watch it for signs of strength,

[10:53] {magoo} watching it

[10:53] {Threei} usually break of some buig offer

[10:53] {Threei} like this one at .81

[10:54] {Threei} then stages one of its brand name spikes

[10:54] {Threei} don't try to catch it on a drop,

[10:55] {Threei} rether wait for it to consolidate at the lower level,

[10:55] {Threei} digest offers, then do this "break-spike"

[10:56] {Threei} GR) Fitch downgrades mortgage covered bonds from 3 Greek banks

[10:56] {Threei} - Banks include the National Bank of Greece (NBG), Alpha Covered Bonds Plc and Marfin Egnatia Bank

[10:56] {ese} aone is the company with the stupidist ceo ever right? guy who talked about diluting shares on first day of initial ipo?

[10:56] {Threei} yes, lol

[10:56] {ese} ya.....ok......i remember it now

[10:57] {magoo} anyone in RIMM wit me?

[10:58] {Threei} start partialling mags

[10:58] {magoo} waiting .37

[10:58] {Threei} don't be 1 penny too greedy

[10:59] {Threei} market tries to elect upward but didn't signal it clearly yet

[11:01] {magoo} .34 out TY

[11:01] {Threei} whew

[11:01] {magoo} in was .99

[11:01] {magoo} actually 200 got .37

[11:01] {magoo} rest .34

[11:08] {Threei} market prepares break it seems

[11:08] {Threei} let's try aggressive WFC, .50 break

[11:08] {Threei} if holding .45

[11:08] {Threei} just a few cents risk, for the chance to be positioned for a break in advance

[11:13] {Threei} if it triggers and market starts making new highs, two choices

[11:13] {ese} netl swing trade L .28 small

[11:13] {Threei} one is usual scalp

[11:14] {Threei} another is to try for lone of those slow relentless climbs

[11:14] {Threei} if thsi is what you prefer, I'd try to partial out into .60 - .65 zone,

[11:14] {Threei} it's a high from last week and 52 week high

[11:14] {magoo} if IF AIG takes 40..it could go 44 area...40 a long trigger

[11:14] {Threei} then trail and let it creep up

[11:16] {magoo} huge psychological barrier 40

[11:16] {shorty} Would you call a stop on WFC at .46 Threei?

[11:16] {magoo} RISKY as slappin vads with bacon

[11:16] {Threei} [11:08] {Threei} if holding .45

[11:16] {Threei} meaning, stop is under .45

[11:17] {shorty} Thanks, when you said a few cents I was not sure.

[11:18] {ese} "Billy ..don't be a HERO" " Don't be a fool with your money".....everybody join in now

[11:18] {Threei} (GR) PIMCO's El-Erian: Terms of Europe's loan for Greece are too high, given debt sustainability worries

[11:19] {Threei} - Liquidity issue may be addressed by the loan package, but still concerns about solvency

[11:19] {dino} out thd -.17

[11:21] {Threei} come on market, bounce back

[11:21] {Threei} WFC held like champ, give it support it deserves, will ya

[11:22] {ese} hero lookin like a good swing trade as well

[11:22] {nemo} hey dino, kick pwrd

[11:24] {dino} i'm picking duds today

[11:25] {Threei} PALM big pullback

[11:25] {magoo} the 200 ma near .80 boss

[11:25] {magoo} could pull more

[11:25] {Threei} on PALM?

[11:25] {magoo} yea

[11:26] {magoo} minute chart

[11:26] {Threei} WFC is so ready to become our play of the day

[11:26] {Threei} come on market

[11:26] {Threei} little help

[11:27] {Threei} with any support by market direction, the idea on this one for day traders is:

[11:28] {dino} apol stopped -.27

[11:28] {Threei} half out around.60 - .65, 1/4 more .70 - .75, last portion .85 - .90

[11:28] {Threei} for scalpers, well... they'll either laugh sardonically, or cry bitterly

[11:29] {shorty} lol

[11:30] {Threei} Support for Repeal of Health Care Plan Up To 58%

[11:30] {shorty} Let the crying begin

[11:34] {RonS} lvs gettin jiggy

[11:35] {Threei} LVS Buckingham Cuts LVS to Neutral from Buy (timing uncertain)

[11:35] {Threei} bounce candidate

[11:35] {Threei} one more leg down most likely

[11:36] {Threei} WFC, pesaky scalpers got their 1:1

[11:36] {Threei} pesky

[11:36] {shorty} I will take it, out

[11:36] {shorty} Thanks Threei for salvaging part of my morning.

[11:37] {Threei} no problem

[11:37] {Threei} with right handling of the first trade, you would actually be in the black now

[11:37] {fernp} pesaky sounds good :-) ty Vad

[11:37] {Threei} lol

[11:38] {Threei} something greek to that word eh

[11:38] {Threei} watch LVS for pullback under .40 for entry on double bottom

[11:38] {Threei} with stop under .30

[11:39] {magoo} issed lvs

[11:40] {Threei} ideal setup

[11:40] {Threei} 1:1

[11:40] {magoo} yup

[11:40] {magoo} looked away

06[11:40] * Threei slaps magoo around a bit with a large AWAY not to be looked at ever again

[11:46] {Threei} anyone cares fro French movies?

[11:46] {Threei} GOOG Lagardere reportedly signs agreement to offer French movies over YouTube

[11:46] {shorty} I do

[11:46] {Threei} there you go then

[11:46] {Threei} GOOG is there for you

[11:47] {shorty} I am french..

[11:49] {magoo} wfc taking too long

[11:49] {Threei} holds on market drops, advances on market bounces

[11:49] {magoo} out mkt plling back

[11:50] {shorty} Missed a short on CIEN

[11:50] {Threei} short?

[11:50] {Threei} why would you short it?

[11:50] {shorty} .50

[11:50] {Threei} why?

[11:50] {shorty} looking at the 5 min chart. and t&s

[11:50] {Threei} shirting into spikes?

[11:50] {Threei} shorting

[11:51] {Threei} surefire way to get caught into vicious buying and get killed

[11:51] {shorty} It had a big run up, and was going to short for 5 cents.

[11:51] {Threei} well... good luck with that strategy

[11:51] {shorty} Happy you said that Threei.

[11:52] {Threei} beluieve me... you don't want to do that

[11:52] {Threei} if you are counter-trend trader, no problem with that but your entries must be based on certain setups

[11:52] {Threei} not on arbitrary decision "it's too high"

[11:52] {shorty} I do. I actually do listen half of the time Threei, and this happens to be that half.

[11:53] {Threei} those "too high" become even higher, and higher yet, and soon become insanely high

[11:53] {Threei} while your loss become insanely big

[11:53] {shorty} Like PALM.

[11:54] {RonS} lvs under pressure again

[11:56] {dino} cqp

[11:57] {RonS} is that a cqp & handle?

[11:58] {dino} cml l .23

[12:02] {Threei} Market Internals update at 12:00ET

[12:02] {Threei} - NYSE volume 355M shares, about 15% below its three-month average; advancers lead decliners by 1.4:1.

[12:02] {Threei} - NASDAQ volume 905M shares, about 10% below its three-month average; advancers lead decliners by 1.2:1.

[12:02] {Threei} - VIX index -4% at just under 15.50

[12:03] {dino} dji hod

[12:03] {Threei} PALM stabilized it seems

[12:04] {Threei} Long Setup: PALM 6.04 if stays above 6

[12:04] {magoo} .

[12:04] {Threei} what's your point?

[12:05] {magoo} over 11k

[12:05] {Threei} ummm

[12:05] {Threei} you just noticed? :)

[12:06] {magoo} yea

[12:06] {Threei} I am full of envy

[12:07] {Threei} magoo is carefree as a butterfly

[12:07] {Threei} what's your secret?

[12:09] {RonS} abk cueing for another run?

[12:09] {Threei} SLM Follow up: Successfully completes offer of $1.2B in student-loan backed notes (13.45, +0.27, 2.05%) (related XLF )

[12:09] {Threei} loan backed notes?

[12:09] {Threei} how is it different from mortgage-backed securities?

[12:10] {Threei} no read on that Ron, sorry

[12:10] {nemo} palm still onn

[12:10] {nemo} on

[12:10] {Threei} WFC new high

[12:10] {Threei} PALM... discretionary

[12:10] {Threei} invalidated by just 1 cent

[12:12] {Threei} well, what do you know... pesky scalpers cry bitterly

[12:12] {Threei} WFC first target hit

[12:13] {Threei} half out .61

[12:13] {magoo} grrrrr

[12:13] {Threei} uhhu

[12:14] {Threei} stop to under .50

[12:15] {magoo} cnbc now talking dow 12K...sigh

[12:15] {Threei} lol

[12:15] {Threei} do we have to odrer new party hats?

[12:15] {magoo} i took aig trigg 40

[12:15] {dino} cml to .37

[12:15] {shorty} And more strippers!

[12:16] {dino} to .44

[12:16] {dino} out .44, +.21

[12:17] {Threei} wtg

[12:17] {Threei} so, do I read the eseence of that SLM news right?

[12:18] {dino} y

[12:18] {Threei} great

[12:18] {Threei} we never learn, do we

[12:18] {Threei} or "they"

[12:18] {RonS} ...yes, and i think the default rate is running 25%

[12:18] {dino} the more things change....the more they stay the same

[12:20] {RonS} ...probably purchased by university endowmwnts, since they already made their money on the outrageous tuition and the whole scam is propped up by student endunturement

[12:21] {dino} cagc l ave .85

[12:21] {dino} .95

[12:21] {dino} lol ron

[12:22] {magoo} no laughing

[12:24] {Threei} why not... every Monday I have this habit of pointing finger at the weird-looking guy I see and laughing... it takes about 3-4 hours to realize that's me in the mirror, and I still have about 30 min of laughter left

[12:25] {magoo} out aig here .40

[12:25] {Threei} wtg

[12:26] {Threei} while we are waiting for second half of WFC to resolve,

[12:26] {Threei} http://photography.realitytrader.com/2010/04/rhododendrons-galore-2.html

[12:27] {shorty} Nice Threei. I can send you some pictures of snow if you want?

[12:27] {Threei} give me a sec to block your e-mail address

[12:27] {Threei} sure, send it now

[12:27] {shorty} lol

[12:28] {shorty} Seriously, beautiful stuff.

[12:28] {Threei} rhodos are amazing... a few hundreds of them in that garden

[12:28] {Threei} all thinkable colors and shapes

[12:29] {Threei} and a few unthinkable

[12:29] {nemo} X vad

[12:29] {Threei} maybe just for me, with my limited thinking abilities

[12:29] {Threei} not sure about it nemo

[12:29] {Threei} maybe bottoming, maybe not, 50/50

[12:31] {magoo} here we go AIG

[12:34] {magoo} the games are horrendoues..takes .50 and only goes .55

[12:37] {dino} the game, the game, nothing quite the same, all that really matters is the game

[12:37] {magoo} insurance is similar lol

[12:40] {RonS} M looks very weak to me 3i. do you see a short entry?

[12:41] {magoo} out .67 finally

[12:41] {Threei} 23.10 breakdown, but only if market starts selling off

[12:42] {RonS} thx

[12:42] {dino} tight ramge days again

[12:45] {RonS} intersting graphic: http://www.businessinsider.com/map-debt-2010-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

[12:50] {nemo} rinsed on x

[12:53] {Les} I bought WFC an hour ago and it hasn't moved. we still in I assume?

[12:53] {Les} did you catch AIG at 40 mags?

[12:53] {nemo} same for me on palm...frickin' water torture

[12:54] {Threei} Les... you slep through it's move to above .60 for the first partial out?

[12:54] {Les} no, left the friggin house with a stop, but not a sell order. something new to learn

[12:55] {shorty} When I leave the house I just my 2 year old son handle my stops.

[12:57] {dino} i let my dog handle them

[12:58] {Les} lol I tried to get my wife to handle it by telephone, you don't wanna know the story...

[12:58] {Les} wfc

[12:59] {shorty} lol Les

[12:59] {Les} I think the dog would be a good choice. might need to buy one

[13:00] {Les} aig 50

[13:01] {nemo} x quite the rinse

[13:01] {Les} 41 sorry

[13:04] {shorty} Here is your chance Les with WFC

[13:05] {Les} cripes thanks shorty wasn't watching. out for the scalp

[13:05] {Threei} sheesh

[13:05] {Threei} Les... what kind of trading is this

[13:05] {shorty} lol...no problem

[13:05] {Les} c'mon, I exaggerate a little for comradery

[13:05] {Threei} you don't even watch the stock you are in, even when you are home

[13:05] {Threei} Microsoft Corp Launching new smartphone product, named "Kin" - CNBC

[13:05] {Threei} - "Kin" smart phone has search, browsing, texting and music.

[13:05] {Threei} - renamed from the project code name "Pink."

[13:06] {Threei} MGM Hearing Goldman Sachs makes positive comments and raises price target to $17.50 (timing uncertain)

[13:06] {Les} now that's just plain cruel

[13:06] {Les} and I am doing dinner

[13:07] {Les} anyway, day is good and I am gone. c u's tomorrow

[13:07] {shorty} Bye Les

[13:07] {Les} getting ready for real trading soon. protecting what I've got.

[13:12] {Threei} okay guys, WFC is aiming for the second target

[13:12] {Threei} between .70 and .75

[13:13] {Threei} 1/4 more there

[13:13] {Threei} after that we will trail stop again

[13:16] {dino} cya les

[13:19] {dino} cagc stopped

[13:20] {dino} esi sm l .00

[13:23] {ese} ...

[13:24] {ese} just kinda watchin my swing trade

[13:24] {ese} dino.....have you done anything with thd

[13:26] {shorty} Watching CIEN Threei,breakout play of .60 if it reaches it?

[13:27] {RonS} fig momo?

[13:27] {Threei} two conditions

[13:27] {Threei} one is market of course,

[13:27] {Threei} another is, it needs to come to .60 slowly and consolidate a little,

[13:27] {Threei} not just jump into it

[13:28] {shorty} OK

[13:28] {magoo} vad, whats your view of mkt here, as in where its headed and how

[13:28] {shorty} Another question. When you say the market, with CIEN are you looking at the COMP?

[13:29] {Threei} any of them, they tend to move together

[13:29] {Threei} but NDX is better measurement than COMP for NASDAQ

[13:29] {Threei} mags, here is my view

[13:30] {Threei} break of 11K was expected to produce sharp spike, which could market the reversal,

[13:30] {Threei} but it didn't.

[13:30] {Threei} Instead we have the same slow grilling

[13:30] {Threei} which tells me, we have more upside,

[13:30] {Threei} probably a lot more.

[13:31] {Threei} Short term we are seriously overbought, pullback will probably come soon enough

[13:31] {Threei} but overall, this market is not done going up

[13:32] {magoo} ty

[13:32] {nemo} without some exogenous tragedy, 12 k should be easy although take a long time

[13:32] {shorty} I want to make sure, the NDX is the QQQQ? Here comes the trout.

[13:32] {magoo} yes

06[13:33] * nemo slaps shorty around a bit with a large book of Techniques of Tape Reading

[13:33] {magoo} did u write that book nemo?

[13:34] {shorty} I have been cluttering my brain with so much info in the past month, I need to format.

[13:34] {RonS} fig entry ideas?

[13:36] {Threei} FIG moved on this:

[13:36] {Threei} 1:00:27 PM

[13:36] {Threei} GMAC to sell European Mortgage Assets and Operations; no material gain or loss expected

[13:36] {Threei} - Residential Capital, LLC (ResCap), has agreed to sell its European mortgage assets and businesses to affiliates of certain funds managed by affiliates of Fortress Investment Group LLC

[13:36] {Threei} looks very hard to read ot me

[13:37] {Threei} Separately, GMAC closed a whole loan transaction in the United Kingdom for USD $177 million (GBP 116 million) on March 31, 2010. With the combination of this whole loan transaction, the transactions with the Fortress affiliates, and certain other whole loan sales that are in progress, GMAC will effectively exit the European mortgage market.

[13:37] {Threei} I don't know what it eventually means

[13:38] {Threei} if you can analyze this, more power to you... it's above my pay grade

[13:40] {shorty} I guess with CIEN consolidation is happening.

[13:40] {Threei} a bit far from break point

[13:43] {shorty} So 5 cent range would be ideal then?

[13:44] {shorty} Or like your previous trades, .59 would be the best place.

[13:44] {Threei} hmm?

[13:44] {Threei} sorry, don't understand

[13:45] {shorty} When you played, or tried to, with AONE it was stuck at .99, you said break of 4.

[13:46] {shorty} Issue articulating myself right now. What would be a good range for a breakout point.

[13:49] {Threei} of course the narrower the better, within reasonable,

[13:49] {Threei} so if it spends a while now between .55 and .60, nice break will be formed

[13:49] {shorty} Thanks Threei

[13:50] {Threei} (US) Preview: Mar Monthly Budget Statement due out at 14:00ET

[13:50] {Threei} **consensus expectation: -$62Be v -$192B year ago March.

[13:50] {Threei} - the Feb reading of -$220.9B was the 17th straight month of budget deficit.

[13:51] {Threei} China is headed directly for its own RE bubble

[13:51] {Threei} (CH) Analysts believe new home prices will continue to soar - Shanghai Daily

[13:51] {Threei} - The average prices of new homes, excluding those for relocated residents under urban redevelopment plans, soared 20 percent to 22,237 yuan (US$3,255) per square meter between April 5 and 11, compared to the city's historic high of 22,270 yuan per square meter set around the end of last year, according to China Real Estate Information Corp (CRIC), a property information

[13:52] {Threei} but fear, not, we will be fine in the world of new enetrtainment wave, mamely 3D TV

[13:52] {Threei} Matsushita Electric Industrial Co Ltd Expands collaboration with AEG on original 3D production for television

[13:52] {Threei} - Panasonic will help launch a steady stream of original 3D television production from AEG Digital Media's L.A. LIVE headquarters located within AEG's L.A. LIVE in downtown Los Angeles by providing state-of-the-art 3D production equipment featuring Panasonic professional video cameras and 3D displays.

[13:53] {shorty} I just bough a projector, I will wait to buy the next wave of new stuff.

[13:57] {ese} out netl. .37 avg +.09

[13:57] {shorty} nice ese

[13:58] {shorty} ese, do you guys do any shows in Alberta?

[13:58] {ese} tks......small but good

[13:58] {ese} haven't yet.......know of any corporations who want to hire us

[13:59] {ese} although we are heading to Denmark hopefully in a year

[13:59] {shorty} hmmmmm....No, but I can always keep an eye out.

[13:59] {ese} tks

[14:00] {Threei} US) MAR MONTHLY BUDGET STATEMENT: -$65.4B V -$62BE (18TH STRAIGHT MONTH OF BUDGET DEFICITS

[14:00] {shorty} Being patient paid off Threei with CIEN. Last week I would have gambled on it. Thanks.

[14:01] {Threei} it's in fact become better and better candidate - if it ever triggers

[14:01] {Threei} see how well it's holding while market pulls back rather sharply?

[14:01] {shorty} Holding .50 .60 range

[14:03] {Threei} Total Receipts: $153.4 v $128.9B y/y (+19%)

[14:03] {Threei} - Total spending: $218.37 v $321.2B y/y (-32%

[14:11] {fernp} CIEN .55 break is valid, Vad?

[14:11] {Threei} well, actual wuestion is .60

[14:11] {Threei} .55 is too close

[14:12] {Threei} I mean, buying .55 as an agressive entry for .60 break makes sense to me,

[14:12] {Threei} but as a stand-alone trade, no

[14:13] {fernp} yes, 55 break w/stop under 50

[14:13] {fernp} and waiting for 60 break

[14:13] {Threei} sure

[14:13] {Threei} this kind of trades I like more often than not

[14:13] {Threei} ideally, market spikes sharply

[14:13] {Threei} and CIEN gives a few secs delay

[14:14] {Threei} yummm

[14:19] {shorty} Major sup for CIEN .46

[14:19] {Threei} good boy CIEN, never triggered

[14:20] {fernp} yeah!!! lol

[14:20] {Threei} much more honest than lure us in, then stop us out :)

[14:20] {Threei} me likes honest stocks

[14:20] {shorty} lol

[14:20] {fernp} CIEN is a good boy

[14:25] {fernp} EXH any read, Vad?

[14:27] {Threei} not really

[14:27] {fernp} ok

[14:33] {RonS} ConocoPhillips sells Syncrude stake for $4.65 billion

[14:33] {Threei} paLM

[14:33] {Threei} sudden activity

[14:36] {Threei} Palm, Inc Hearing Cannacord comment on takeover chatter, see four bidders for Palm (timing uncertain)

[14:36] {Threei} ***Reminder: On 04/11 there were reports Palm was pursuing a sale; bids could be announced this week. Possible suitors included HTC and Lenovo.

[14:37] {Threei} I'd think Cannacord's comments will be negative

[14:37] {Threei} after all, their traget is zero

[14:42] {dptl} have a good evening all

[14:42] {Threei} take care dp

[14:42] {Threei} (slacker)

[14:43] {Threei} (lazy slacker)

[14:56] {fernp} .

[14:57] {dino} cya dp

[14:57] {Threei} wow dino

[14:57] {Threei} your dialup slows down day by day

[14:59] {RonS} vad needs to help this guy: http://www.youtube.com/watch?v=t9ZIZBma53A

[14:59] {RonS} ...i guess i should have said, this guy needs vad's help...

[15:01] {Threei} I'll pass, thank you

[15:02] {ese} nuan up against yesterdays highs......could go snake today ro tomorow

[15:03] {nemo} Gotta' go guys...c u tomorrow

[15:03] {RonS} cya nemo

[15:03] {magoo} c u cap'n

[15:03] {Threei} tak care nemo

06[15:04] * magoo slaps Threei around a bit with a large trout

[15:04] {Threei} great

[15:04] {ese} cya nemo

[15:04] {Threei} what did I do?

[15:07] {dino} cya nemo

[15:07] {Threei} ABK new highs

[15:14] {magoo} AIG doing it

[15:14] {magoo} 2 points over my truigger

[15:16] {Threei} watching ABK

[15:16] {Threei} sharp pullback

[15:16] {magoo} u got the ball

[15:18] {Threei} don't trust it here

[15:19] {Threei} want rather around 2 or under

[15:23] {magoo} ya ya and mkt ccooperration

[15:24] {magoo} u edit a crapola post like that he he?

[15:25] {ese} i'm outta here.....man this mrkt just does nothing.....hard to make money this way

[15:26] {RonS} cya ese

[15:26] {dino} feeling the same way es

[15:26] {ese} catch ya tomorrow

[15:26] {dino} cya

[15:26] {Threei} take care ese

[15:28] {fernp} bye ese. agree with u, market does nothing.

[15:29] {Threei} just as it did for a while

[15:29] {Threei} morning activity dies down later on

[15:30] {fernp} true

[15:40] {Threei} whole day within 5 points S&P

[15:44] {shorty} Got to go. Have a good night everyone. Tomorrow will be a profitable one.

[15:45] {dino} cya

[15:45] {Threei} take care shorty

[15:45] {Threei} today was too...

[15:46] {Threei} ARIA Ticks higher in reaction to a 13G filing in which Fidelity discloses a 15% passive stake (3.49, +0.07, 2.05%)

[15:48] {Threei} ARIA... doesn't it look like relatively safe overnight hold?

[15:48] {Threei} nice news close to eod

[15:48] {Threei} and not far from supporrt

[15:50] {Threei} PALM Hearing Dealreporter making cautious comments on prospects for a premium bidder (6.05, +0.89, 17.25%)

[15:51] {Threei} yeah

[15:51] {Threei} what is it they have that would be so desirable?

[15:51] {Threei} nice OS for smartphones?

[15:51] {Threei} that would have to compete with Android

[15:54] {RonS} dino, pal could be an easy short tomorrow. i have none avail...

[15:55] {RonS} ...pal prob needs pressure from copper...

[15:55] {fernp} Good evening everybody. See u all tomorrow

[15:55] {RonS} cya fern

[15:55] {Threei} take care fern

[15:56] {dino} cya fern

[15:58] {Threei} thank you all, have a good evening

[15:58] {Threei} see you tomorrow

[15:59] {dino} more action afterhours than during regular hours

[16:01] {Threei} AA Halted ahead of earnings (14.57, +0.18, 1.25%)

Apr 09 2010

Early profits on WFC and PALM made a day as we got locked in narrow range once again. Market finally hit 11K on the end of day drive so we had our fun countdown, party hats on etc.

Session Time: Fri Apr 09 00:00:00 2010

[08:37] {Threei} TIVO Strength in shares attributed to earlier Citi note downgrading SATS to sell rating and maintaing Buy rating on DISH (17.34, 0.00, 0.00%) (related DISH SATS )

[08:37] {fernp} Good morning everybody

[08:37] {Threei} fern :)

[08:38] {Threei} 7:16:20 AM

[08:38] {Threei} Palm, Inc Follow up: Shares trading higher in premarket on renewed takeover speculation; HTC refuses to comment on market speculation regarding acquisition of firm

[08:38] {Threei} *note: HTC has been speculated in the Tawainese press as interested in name to expand its existing operating system and application store with Palm's existing smartphone technology

[08:39] {Threei} 7:12:00 AM

[08:39] {Threei} Palm, Inc CEO: Group has hit a speed bump, company still holds tremendous assets; defies logic to say that company has no value - Fortune Magazine (dated April 8)

[08:39] {Threei} - States that firm has good products that are still in the early stages of sales development

[08:46] {Threei} SCLN BWS Financial Inc. Raised SCLN to Buy from Hold

[08:51] {magoo} morn

[08:51] {Threei} magoo :)

[08:51] {fernp} gm mags

[08:51] {Threei} look PALM mags, and news on it

[08:51] {Threei} could be a player today

[08:52] {magoo} yea

[08:52] {magoo} u like any premkt setup,its pulling bk?

[08:52] {Threei} anything under 5, I'd buy on first sign of bottoming,

[08:53] {Threei} its yesterday's high is 4.83,

[08:53] {magoo} ah

[08:53] {Threei} I think if it gets anywhere close to it, it will be snatched by momentum players

[08:53] {Threei} if it doesn't go under 5, plan B:

[08:54] {Threei} buy consolidation/breakout but half of what you want to play,

[08:54] {Threei} and be ready to add second half if it reverses and drops again

[08:54] {Threei} very rare method for me

[08:54] {Threei} let's call it pre-planned and controlled averaging down

[08:54] {Les} PALM floating in a gap. if it can close it under 5 - cool.

[08:55] {Les} good morning

[08:55] {RonS} gm all. funny Costanza review at: www.the reformedbroker.com

[08:55] {Threei} les, ron :)

[08:56] {magoo} ABK vad, look

[08:56] {magoo} a double

[08:57] {RonS} ...interesting to me that Cara is talking about the yuan story picking up steam, but not seeing it anywhere else...

[08:57] {Threei} it reported yesterday magoo

[08:59] {Threei} Ron, that blog must have read our trading logs

[08:59] {Threei} we joked about Costanza trading for years

[08:59] {Threei} 5:27:10 PM

[08:59] {Threei} Ambac Financial Group, Inc Reports Q4 $1.93 (includes $472M tax benefit) v -$8.14 y/y, R$567M v -$202M y/y

[08:59] {Threei} - Q4 Net change in fair value of credit derivatives $133M v loss $594M y/y (driven primarily by price improvement in certain reference obligations, partially offset by a narrowing of Ambacs short-term credit spreads

[08:59] {strider} A

[08:59] {strider} MLN

[08:59] {strider} AMLN

[09:00] {Threei} AMLN FDA in January saw a 'false sense of security' on usage of Byetta drug; could be possible cancer risks

[09:00] {Threei} - further comments from Novo Nordisk approval of Victoza

[09:00] {Threei} although to be fair, analogy lies on the surface.. :)

[09:01] {Threei} any trader watching that episode would have picxked up on the recemblance immediately

[09:05] {dptl} good morning

[09:05] {Threei} dp :)

[09:07] {gen} gm all

[09:07] {Threei} gen :)

[09:07] {gen} :)

[09:07] {dino} gm all

[09:07] {gen} :)

[09:08] {Threei} dino :)

[09:08] {dino} q? what am i missing, casy cash bid 36/sh, trading up 6.80 to 38.40

[09:08] {dino} atls, amln

[09:09] {Threei} one of market mysteries dino

[09:09] {Threei} we don't know and we are not supposed to ask

[09:09] {dino} worth a sm short imo

[09:12] {RonS} http://dealbook.blogs.nytimes.com/2010/04/09/atlas-and-reliance-form-1-7-billion-joint-venture/

[09:14] {dino} see it, thx

[09:14] {dino} watch chk off it

[09:15] {RonS} abk, 54 mil sh short, 19% of float

[09:18] {ese} good morning

[09:18] {gen} :)

[09:20] {lasertrev} morning

[09:21] {Les} vad, you willing to buy PALM pre-market under 5?

[09:21] {shorty} Good morning

[09:21] {gen} :)

[09:21] {Threei} ese, trev, shorty :)

[09:22] {Threei} doesn't look like it goes there, les

[09:22] {Les} morning. trev, had same problem as you yesterday. got locked out of server

[09:22] {Les} but if a big selloff happens prior to open, ok to buy premarket?

[09:24] {strider} morning all.

[09:25] {Threei} strider :)

[09:25] {Threei} that's what I would do

[09:25] {Threei} (RU) Russian Central Bank Dep Chair Melikyan: Several Russian banks may face capital problems

[09:25] {Threei} ***Reminder: On Dec 17 Russian Central Bank Deputy Chairman Melikyan: Sees significantly more financial sector bankruptcies in 2010

[09:32] {nemo} did the market open?

[09:33] {Threei} huh?

[09:33] {Threei} it usually does

[09:33] {nemo} so ea

[09:33] {nemo} so dead

[09:33] {shorty} Just getting a cup of coffee.

[09:34] {strider} PALM theflyonthewall.com: Palm added to Least Preferred at UBS :theflyonthewa

[09:34] {strider} it's still preferred....but less so.

[09:34] {Threei} WFC, watching for long entry on pullback

[09:35] {Threei} under .50, preferrably closer to .40

[09:35] {magoo} PMI back vad

[09:36] {Threei} PMI, let it pull back to .25 at least

[09:38] {magoo} palm under, but ubs cautious comments

[09:38] {Threei} let's just get the valid setup

[09:39] {magoo} where?

[09:39] {Threei} WFC won't pull back

[09:39] {magoo} xmas tree RIMM

[09:41] {dino} frx sm l .98

[09:41] {Les} big bid palm .05

[09:42] {strider} DRYS takeover chatter

[09:43] {magoo} musa ipo to open in a few

[09:44] {fernp} WFC Vad?

[09:44] {magoo} fcx dump vad

[09:44] {Threei} .40 - .45 for WFC now

[09:45] {Threei} DRYS Hearing firm may have hired an adviser to pursue strategic alternatives including possible sale (6.49, +0.20, 3.18%)

[09:47] {Threei} .35 - .40

[09:47] {Threei} etc, usual routine

[09:50] {Threei} Long Setup: PALM 5 break if stays above 4.95

[09:50] {dino} casy lower hi lower low in making

[09:54] {Threei} EUR/USD Hearing continued speculation that EUR moving higher on talk of EU aid deal for Greece being hammered out

[09:55] {Threei} WFC 1:1

[09:55] {dino} cml l .50, stop lod

[09:56] {Threei} ABK... 1.20 break, maybe

[09:56] {Threei} tough one

[09:56] {strider} WFC?

[09:56] {strider} late

[09:56] {Threei} DRYS interesting

[09:56] {Threei} ??

[09:57] {Threei} WFC was .40 break entry

[09:57] {strider} break of .45

[09:57] {Les} l MGM .42 stop lod

[09:57] {Threei} strider...

[09:57] {strider} yes

[09:57] {Threei} [09:44] {Threei} .40 - .45 for WFC now

[09:57] {Threei} [09:47] {Threei} .35 - .40

[09:57] {Threei} [09:47] {Threei} etc, usual routine

[09:57] {strider} I didn't take either.

[09:57] {fernp} PALM still valid, no vad?

[09:57] {Threei} yes

[09:58] {strider} Just saw a setup at .45

[09:58] {strider} sorry.

[09:58] {Threei} AONE Hearing takeover chatter circulating (14.00, +0.39, 2.87%)

[09:58] {Threei} 1:2 WFC, out

[09:58] {Threei} come on guys, pay attention...

[09:58] {Les} out wfc ty

[09:58] {Threei} this is standard routine of pullback bottom hunting

[09:58] {shorty} out too Threei

[09:58] {magoo} in palm

[09:59] {Les} me 2

[09:59] {shorty} 5.02 PALM for me

[09:59] {magoo} .99

[10:00] {Threei} US) FEB WHOLESALE INVENTORIES: 0.6% V 0.4%E

[10:00] {Threei} dino

[10:00] {Threei} CASY

[10:00] {Threei} Casey"s General Stores Inc Board rejects offer at $36/shr; claims undervalues company

[10:00] {Threei} - The Board unanimously determined that the proposal is not in the best interests of the corporation and informed Couche-Tard on March 29, 2010 that it had rejected the proposal

[10:01] {magoo} there u go

[10:01] {magoo} futes rockin

[10:02] {nemo} 11k party hats

[10:02] {Threei} PALM over 1:1

[10:02] {jfjf64} go palmmmmmmmmmmmm

[10:02] {magoo} out .07..big shares

[10:02] {magoo} ty bossasaurasrex

[10:02] {dino} cagc l .40

[10:03] {dino} cml rinsed

[10:03] {Threei} welcome humanoid... we dinos are only happy to help the next generation

[10:03] {shorty} out PALM too.

[10:03] {shorty} magoo, what do you mean big shares? You had big shares?

[10:04] {ese} L erts sm .32

[10:04] {Threei} may you avoid our fate... although it seems you are destined, by your own hand. At least we were hit by asteroid while you construct your own demise through complicated financial machinations

[10:04] {Threei} shorty... scalp type I is what he means

[10:05] {Threei} huge shares, relatively small move

[10:05] {ese} not normally my style but stop is in ......"WHAT THE HELL!!!!!"

[10:05] {jfjf64} cvx

[10:05] {Threei} temporas are fugit or what... I play PALM ese's style, ese plays ERTS my style...

[10:07] {ese} LOL

[10:08] {ese} my mistake though....i should have been in palm

[10:09] {magoo} what vad said shorty

[10:09] {Les} stopped mgm

[10:09] {shorty} lol...thanks magoo.

[10:09] {magoo} kiss magoo??

[10:09] {Threei} no thanks

[10:10] {Threei} but we are flattered

[10:10] {magoo} whats sad is even my wife would say no thanks after 16 yrs

[10:10] {shorty} "we" Threei, no community spirit here.

[10:10] {shorty} magoo, same boat.

[10:11] {Threei} can you feel how room deteriorates when girls are on vacation?

[10:11] {shorty} lol

[10:11] {magoo} lol

[10:11] {Les} DCTH 10 break?

[10:11] {magoo} and to be a part of it he he

[10:11] {Threei} patience is travelling in China, larisa left for Vegas, Ilana is on sabbatical... oy vey

[10:11] {dino} esi 110

[10:11] {Threei} vasilisa is my only hope

[10:11] {shorty} She is mute though Threei

[10:12] {Threei} les, probably, if market resumes

[10:12] {Threei} but stock is thin

[10:12] {Threei} be very careful, small lot

[10:12] {dino} esi sm l .01

[10:13] {Threei} shorty,,, ukrainian girls are silent for only so long... if they decide to give you piece of their mind, god help you

[10:13] {shorty} lol

[10:14] {shorty} My wife must be Ukrainian

[10:14] {dino} lol

[10:14] {Threei} on a big scale... aren't we all

[10:14] {fernp} .

[10:15] {shorty} Something like that or related to Gangus Khon

[10:16] {fernp} NVDA any read, Vad?

[10:17] {Threei} no fern, sorry

[10:17] {Threei} (GR) Greek 10-year CDS falls bellow 400bps level (related SOVRX BUNDS )

[10:17] {shorty} was that a d/b on LVS?

[10:17] {dino} cml hl l .50 last try

[10:18] {Threei} as a setup for our entry shorty? yes

[10:18] {Threei} classic iteration

[10:18] {shorty} Stating to see a little more.

[10:18] {Threei} first bottom outside BBs, second inside

[10:18] {Threei} stall, break of resistance

[10:18] {Threei} cleam reliable setup with tightly controlled risk

[10:19] {Threei} shorty, you have no idea what you are going to see in 6 months

[10:19] {Threei} ask Les

[10:19] {shorty} lol

[10:19] {Threei} today's Les and Les just 3 months ago are two completely different people

[10:19] {shorty} Good or bad?

[10:20] {Threei} well... I'll leave it to his wife to decide

[10:20] {Les} yeh my mrs reported me to the police the other day. looking for someone else apparently

[10:20] {Threei} see?

[10:20] {shorty} He is still here, so maybe a good thing?

[10:20] {Les} not trading money shorty, I'm a paper trader until i get some bad habits under control

[10:20] {RonS} 3i, just witnessed one of your L2 feints. CAGR had 15k bid at 23.19 while trading 23.21-.25. Stock popped to 23.38. Shares sold and bid vanished. Proof in concept. CAGR is true pulp fiction

[10:21] {shorty} How long have you been trading on paper Les?

[10:21] {RonS} cagr=cagc

[10:22] {Les} since I acknowledged last year that losing my account is not acceptable. joined vad in nov.

[10:22] {Les} bgp

[10:23] {shorty} I am not doing great, but I have an amount of money that I set to use to learn.

[10:23] {Threei} cool to see these things real time eh Ron?

[10:24] {RonS} ya, been a time when I was the sucker on that setup...

[10:24] {dino} cagc, indeed, pulp, but not fiction, costanza pulp

[10:25] {dino} .41 goes it goes to .80

[10:28] {Threei} now you know how it's done, can utilze it

[10:28] {dino} ghost ask .55

[10:28] {Threei} whoa, what happened

[10:28] {magoo} futes dumping

[10:28] {Threei} oooh

[10:28] {Threei} *GR) FITCH CUTS TO BBB-

[10:28] {Threei} crap

[10:29] {magoo} on volume

[10:29] {Threei} they couldn't wait for market to go over 11K?

[10:29] {dino} cml stopped again, done w/it today

[10:29] {nemo} cut wt to bbb

[10:30] {dino} bbby gives back

[10:32] {Threei} Greece, nemo

[10:33] {Threei} *(GR) FITCH CUTS GREECE TO BBB- FROM BBB+ (two notch cut); OUTLOOK NEGATIVE

[10:33] {Threei} - Agency has simultaneously affirmed Greece's Country Ceiling at 'AAA' and the Short-term foreign currency IDR at 'F2'.

[10:33] {Threei} - States: The downgrade reflects the intensification of fiscal challenges in response to more adverse prospects for economic growth and increased interest costs. It also reflects ongoing uncertainties about the government's financing strategy in the context of increased capital market volatility.

[10:33] {Threei} - States: The sharp rise in interest rates faced by the government this year, in combination with a deterioration in the outlook for economic growth, will make it harder for the government to achieve its fiscal targets of reducing the deficit to 8.7% of GDP this year and ensuring that public debt peaks at just over 120% of GDP in 2010 and 2011. Pressures on the banking system underline the adverse spill-over from sovereign risk concerns on the wider economy, while contingent liabilities from the banking sector will increase as the government provides banks with increased guaranteed funding.

[10:33] {Threei} ** Note that Greece's sovereign debt carries an A2 rating at Moodys, two notches above the equivalent ratings at Fitch and S&P (BBB-). If Moody's were to recalibrate its rating in line with its peers it would render Greece's sovereign debt ineligible for ECB repo operations when collateral criteria reverts to the normal minimum thresholds (A3/A- or above) at the end of 2010

[10:34] {dino} yadda yadda yadda

[10:35] {ese} my trading platform is down

[10:36] {shorty} ese, do you guys ever travel to Calgary for the Blues festival?

[10:36] {RonS} ...mine is trying to freeze...

[10:37] {fernp} double bottom WFC, Vad?

[10:37] {Threei} probably but I don't like entry here

[10:37] {Threei} .20 was much better one

[10:38] {Threei} need quotes guys?

[10:38] {Threei} PALM continues

[10:39] {Threei} (US) Reports confirm that Supreme Court Justice Stevens to retire this summer

[10:39] {Threei} - Stevens is in the liberal minority of the court.

[10:39] {Threei} - Reports earlier this year said that Stevens would step down later in 2010.

[10:39] {Threei} good bye liberal minority

[10:39] {Threei} hello liberal majority

[10:40] {Threei} ok guys, you be very careful now... vasilisa will help me keep you in line

[10:42] {vasilisa} Good afternoon, everybody. Thanks, Vlad!

[10:43] {Threei} welcome to the jungle

[10:43] {magoo} vlad?

[10:43] {magoo} the impaler

[10:43] {fernp} gm vas

[10:43] {RonS} hello

[10:43] {magoo} hi vas

[10:43] {shorty} Hello

[10:44] {Threei} let's see if we can get reliable entry onb PALM

[10:44] {Threei} since it showed it can do more than scalp

[10:46] {dino} jec

[10:46] {RonS} gld

[10:47] {dino} out frx +.25 thing is stuck

[10:47] {Threei} JEC Reaches new highs after CNBC mentions earlier LBO chatter (47.80, +3.52, 7.95%)

[10:47] {RonS} Jacobs Engineering calls active on renewed LBO speculation

[10:47] {shorty} nice dino

[10:48] {dino} thx

[10:49] {dino} jec sm s .75

[10:49] {dino} bit soon

[10:50] {magoo} palm pretty good pllbk

[10:53] {ese} ahhh back online.....and making money in erts

[10:53] {magoo} GS wacked

06[10:54] * magoo slaps ese around a bit with a large trout

06[10:54] * magoo slaps vasilisa around a bit with a large trout

[10:54] {magoo} first one for u i think

[10:54] {Les} swk .50 break?

[10:54] {magoo} GS getting wacked

[10:54] {Threei} magoo likes to live dangerously

[10:55] {ese} hmmmmmm someone new....welcome vasilisa

[10:55] {Threei} not sure les

[10:55] {magoo} u pick up an7y palm vad

[10:55] {Threei} no mags

[10:56] {Threei} no clear idea yet

[10:56] {magoo} me niether

[10:57] {ese} out erts .41 +.08

[11:06] {dino} cov jec .90, +.85

[11:07] {dino} .

[11:08] {magoo} beauty..i was chicken

[11:08] {dino} thx

[11:08] {shorty} dino amazing.

[11:08] {dino} lucky

[11:09] {shorty} humble too I see.

[11:09] {dino} :/

[11:10] {shorty} You say your lucky, I say you are good.

[11:11] {magoo} i say hes FAT

[11:11] {shorty} With a PH

[11:11] {strider} dino is a File Allocation Table?

[11:11] {shorty} lol

[11:11] {Threei} PALM...

[11:12] {Threei} this starts looking like it can turn into momo

[11:13] {dino} casy hod

[11:13] {dino} casy wants 40 area strike

[11:15] {magoo} prob i palm is piece of crap

[11:16] {magoo} i=is

[11:16] {Threei} don't know mags, pace picks up

[11:16] {magoo} wish i hit .15 lol

[11:28] {Threei} incredible

[11:28] {Threei} nothing can keep this market down

[11:29] {Threei} back to high

[11:30] {Les} fitb .20 break?

[11:31] {dino} nothing matters until it does 3i

[11:31] {Les} aig 38

[11:32] {Threei} hard to tell les... not sure

[11:32] {Les} ok

[11:37] {dino} mos lod

[11:38] {Les} bgp 3 b/o?

[11:40] {Threei} 50/50

[11:40] {Threei} I like this type when it has real pace

[11:40] {Threei} BGP's chart is nice, but there is not ebough activity

[11:41] {dino} mos sm l .85

[11:42] {Les} +.03 and 5k from PALM. been waiting for b/o, but am left disappointed for now

[11:42] {Les} aig

[11:43] {jfjf64} 14 points lets get the HATS OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[11:43] {Les} out +.08 aig.

[11:43] {jfjf64} 13

[11:43] {Threei} will get it TODAY

06[11:45] * Threei dusts off his 11K party hat

06[11:45] * Threei books strippers for everyone in the room

[11:45] {jfjf64} TAKE PICTURE LUV TO SEE IT

[11:45] {magoo} IN (the room lol)

06[11:46] * Threei uncorks Dom Perignon for vasilisa and Grey Goose for himself

[11:46] {Les} you old smoothie

[11:46] {Les} talk about selling aig too soon sheesh

[11:47] {jfjf64} yup

[11:48] {Les} grabbed another .10 on the way down

[11:49] {Threei} LCC United and US Airways Unions: Flight Attendant Leaders Say Merger Impossible With Unresolved Issues at Each Airline (7.40, -0.16, -2.12%) (related UAUA )

[11:49] {Les} Vad, MGM ready to b/d? you see a play?

[11:49] {Les} wynn up but lvs mgm down?

[11:49] {Threei} no clear read

[11:49] {Threei} would be short for sure if market went down

[11:49] {Threei} as it is, it's rather short but I don't want to go against the currenbt

[11:50] {shorty} out of CIEN +4

[11:51] {shorty} Thanks for the heads up Threei, on not shorting

[11:53] {RonS} ...if shorty shorts does that make him long, or does he become invisible?

[11:56] {shorty} Bullet proof RonS

[11:56] {shorty} I like shorting better then longing, it's the screams that I like.

[11:59] {Les} PALM coming down

[11:59] {Les} out +.12 shorting aig again

[12:00] {Les} s palm .21

[12:01] {dino} shorty shorting is like trying to fade the faders fade

[12:03] {shorty} I find it easier to short.

[12:03] {Les} but homer simpson says two wrongs make a right, so wouldn't that make him long?

[12:04] {shorty} Are you saying being short is wrong? You have something against short people?

[12:05] {Les} are we talking dwarf size, or just dweeb?

[12:05] {dino} tangents

[12:05] {shorty} lol Les

[12:08] {shorty} Looks like ZION is forming a inverted cup.

[12:10] {Les} out +.05 PALM

[12:11] {Les} I'm happy with today, and it being friday, might hold it here and wind down for the weekend

[12:11] {Les} bon weekend everyone

[12:11] {Threei} have a good one Les

[12:11] {fernp} bye les, enjoy

[12:12] {dino} cya les

[12:14] {shorty} Bye Les

[12:19] {RonS} aig gettin jiggy

[12:25] {Threei} (CH) Brazil Fin Min Mantega: A more flexible Chinese Yuan would be very good for the global economy

[12:25] {Threei} this is so fascinating

[12:25] {Threei} everyone is so sure of that

[12:26] {Threei} to me, consequences of cush change are so enormous and far-reaching, that no-frikin-one has slightest idea what comes out of it

[12:32] {dino} higher prices on mist comsumer goods, imo

[12:34] {RonS} how do you spell weak?...mos

[12:35] {dino} indeed

[12:38] {magoo} ok all..i have to leave, c u monday

[12:39] {Threei} have a good weekend mags

[12:39] {RonS} bye mags...have a good one

[12:39] {magoo} going to motocross amatuer national qualifiers

[12:39] {shorty} Bye magoo

[12:39] {magoo} wish us luck

[12:39] {lasertrev} later magoo

[12:39] {shorty} good luck!

[12:42] {Threei} sorry guys, we will have to cancel 11K for today

[12:42] {Threei} mags is not in the room, would be a waste of stripper time

[12:43] {shorty} I can take two of them Threei.

[12:43] {Threei} I am sure you can

[12:43] {Threei} but I need a blackmail material on magoo

[12:43] {Threei} AIG spike

[12:44] {shorty} wow

[12:48] {fernp} FAS 107 breakdown, Vad?

[12:48] {fernp} using FAZ i mean

[12:48] {nemo} go faz can't short fas

[12:48] {Threei} 50/50

[12:49] {fernp} ok

[12:59] {Threei} AIG's on a mission

[13:02] {Threei} magoo, come back

[13:02] {Threei} AIG's moving

[13:05] {nemo} I'm going out might be back before close

[13:05] {Threei} I will be here

[13:05] {shorty} BYe nemo, have a good weekend if you are not back.

[13:05] {Threei} I am not saying bye so you must be back

[13:06] {dino} cya nemoooooooo

[13:07] {dino} slow day

[13:08] {RonS} dino, mos ideas?

[13:09] {dino} pathetic

[13:09] {Threei} see? no 11K today, magoo's fault

[13:09] {dino} stop .49

[13:10] {dino} hang on 3i, i'll get the coin out

[13:11] {fernp} FAZ 1:1

[13:13] {Threei} cool beans

[13:30] {shorty} Threei, ZION is that an inverted c/h?

[13:31] {Threei} with rim at 23.80?

[13:32] {shorty} Something like that.

[13:33] {shorty} .84 I was thinking.

[13:34] {Threei} kind of....

[13:35] {Threei} not very trtadeable one, but for the pattern recognition purposes, yes

[13:36] {shorty} Thanks. Also, was seeing on the ecn book at .98 it was flashing 10k, not a lot of times but a couple.

[13:38] {shorty} Can you explain to me the spike there? Someone bought 13k at 24.05? At 13:35.

[13:41] {Threei} I don't see 24.05 at 13:35

[13:49] {shorty} Your time 10:35.39 It shows 9000,(Quote center) but I saw it on my T&S at 13200. Probably nothing, but I see once in a while. I find it odd to see buying at a higher price, and selling at a lower price.

[13:50] {shorty} CIEN near a major support area.

[13:51] {Threei} my charts are NY time

[13:51] {shorty} Makes the day seem longer Threei.

[13:53] {dino} feels like a summer friday

[13:53] {Threei} TNGN

[13:53] {Threei} Tengion Inc Quotation begins 13:45ET; IPO scheduled to open at 14:00ET; Priced 6M share IPO at $5/share, well below the original range of $8-10/share

[13:53] {Threei} - Underwriters are Piper Jaffray and Leerink Swann.

[13:53] {Threei} - The company is developing functional neo-organs using a patient's own cells.

[13:56] {dino} ahhhh yes

[13:58] {fernp} .

[13:58] {RonS} ...sounds great. i need to work on a new liver amonst other things...

[13:59] {shorty} Maybe we can get a two for one deal RonS?

[14:00] {Threei} opened

[14:00] {RonS} uhhh...growing a pair...does not sound right...

[14:02] {Threei} lol

[14:02] {shorty} Hugh....you are right, It doesn't sound right

[14:03] {shorty} ZION going down

[14:03] {Threei} only mirroring the market

[14:06] {Threei} (GR) EuroZone may charge Greece in excess of 6% for emergecy loans - unconfirmed report

[14:07] {Threei} seriously? my car lease is 1.65

[14:07] {Threei} and mortgage 3.75

[14:07] {shorty} Is your mortgage locked in at 3.75?

[14:08] {Threei} yes

[14:08] {Threei} I can singlehandedly save Greece and make nice money, borrowing at my rates and lending to Greece 1/2% higher {G}

[14:08] {shorty} Vad will own Greece.

[14:08] {Threei} 5 years fixed at 3.75

[14:08] {Threei} want it? I'll tell you who gives it right now

[14:09] {shorty} Mine is due in September. We are locked at 4. Not sure what to do.

[14:09] {Threei} calculate penalty, see if it makes sense for you to roll it to 3.75 now

[14:10] {shorty} I can do it May without penalty.

[14:10] {Threei} if your bank offers this

[14:10] {shorty} But I am thinking of Manuallife one.

[14:10] {Threei} but if you have to roll to another, they will probably want penalty?

[14:11] {shorty} No, my banker told I can do it in May, 160 days before due. Something like that.

[14:11] {Threei} wow, look at this:

[14:11] {Threei} - may charge Greece additional 100bps if the emergency loans duration is beyond 3 years

[14:11] {Threei} - no loan amounts yet discussed, but if requested the size would be enough to shock markets

[14:11] {Threei} - a decision to help Greece could be decided upon, if needed, within hours

[14:12] {shorty} Hmmm.

[14:13] {Threei} anyway, if that's a rate you are interested in, BMO offers it

[14:14] {RonS} nbg

[14:14] {shorty} I see what you are saying, going to another company, I will get charged? Did not think of that.

[14:14] {Threei} that's how they usually act

[14:15] {shorty} Planning to meet with a financial advisor that friend recomended, who deals (works) with BMO.

[14:16] {jfjf64} NBG

[14:26] {RonS} m

[14:26] {dino} 11k today 3i, i'm making the call

[14:27] {dino} very technical call. brought out the caesara casino coin and tossed it

[14:27] {Threei} I so wish you were right

[14:27] {Threei} but I will have to go against it, and for even more technical reason

[14:28] {Threei} tea leaves!

[14:28] {dino} i am, remember, i'm 3 hours ahead of you

[14:28] {Threei} and chicken entrails

[14:28] {Threei} both say no 11K today

[14:28] {Threei} wel... yeah, 3 hours time difference puts me at significant disadvantage...

[14:29] {Threei} but I am a firm believer in chicken entrails

[14:29] {Threei} and the bones from the left ear of a bat caught at midnight at the crossroad

[14:30] {dptl} lol

[14:34] {jfjf64} good weekend all

[14:34] {shorty} Have a good weekend jfj64

[14:34] {Threei} have a good one jf

[14:35] {jfjf64} 11k hat away to next week

[14:35] {dino} cy jf

[14:35] {jfjf64} maybe

[14:35] {jfjf64} maybe notttttttttttttttttt

[14:36] {jfjf64} 11k ofcourse ill be here lol

[14:37] {Threei} :)

[14:42] {Threei} WATG

[14:43] {Threei} something there...

[14:43] {Threei} hits two windows pf a scanner at once

[14:44] {dptl} something with yahoo?

[14:44] {dptl} spiked

[14:44] {Threei} no news other than morning upgrade

[14:44] {Threei} nothing on YHOO yet

[14:45] {strider} Wonder Auto and China Automotive should report storng Q1 results, says Merriman

[14:45] {strider} After a Chinese trade association reported that China's auto sales in March rose 63% year-over-year, Merriman expects Wonder Auto (WATG) and China Automotive (WATG) to report strong Q1 results and make optimistic comments about their near-term outlook. The firm maintains a Buy rating on Wonder and a Neutral rating on China Automotive. :theflyonthewall.com

[14:45] {strider} from 1:06PM

[14:46] {Threei} yeah...

[14:47] {RonS} watg 2 mil sh short...18% float

[14:50] {strider} CNBC reports: 87% of consumers plan to spend less on alcohol in 2010.

[14:50] {strider} You've got your work cut out for you, vad.

[14:50] {Threei} that's OK, dp is there to help me out

[14:50] {shorty} Plan, I plan to a lot of things that don't work out.

[14:51] {RonS} 81% admitted they were lying

[14:51] {shorty} lol

[14:51] {dptl} :)

[14:51] {RonS} m...squeeze

[14:51] {strider} 19% couldn't remember the interview.

[14:52] {dptl} lol

[14:52] {RonS} :D

[14:53] {strider} And some guy with 3 eyes refused to answer the questions.

[14:53] {strider} Pled the 5th.

[14:53] {Threei} in Arameic

[14:54] {Threei} which he thought was Swahili

[14:57] {RonS} watg outta gas

[15:13] {shorty} Short CIEN .29 Threei. Stuck at .23 right now.

[15:16] {nemo} I'm back

[15:16] {nemo} awiav?

[15:16] {shorty} Nello nemo

[15:16] {nemo} nuck you shorty

[15:16] {Threei} no... too narrow

[15:16] {shorty} Ohhh,

[15:16] {nemo} oh jeez yeah, wow

[15:16] {shorty} lol

[15:18] {nemo} thought it was 11k Day

[15:20] {dino} it is

[15:23] {Threei} we have a wager going here, nemo

[15:23] {Threei} as usual

[15:23] {Threei} 6 pack

[15:23] {Threei} no larisa, so carrot juice is not a part of it

[15:29] {dino} 24 pts

[15:29] {shorty} covered .23 CIEN

[15:31] {dino} last try cagc .oo l

[15:32] {Threei} dino, my guess... THEY don't want to run into 11K, they want to GAO over it

[15:32] {Threei} SAP

[15:33] {Threei} GAP

[15:33] {Threei} to trap the shorts withgstops

[15:33] {strider} and more.

[15:33] {Threei} with stops

[15:33] {Threei} force them to cover higher

[15:34] {Threei} imagine how perfectly evilish it is

[15:34] {Threei} keep them nervous all gthe weekend,

[15:34] {nemo} just short covering from here going into the weekend could push it over

[15:34] {Threei} sit in relative in safety in case Greece disappears from the map on Sunday

[15:35] {Threei} then open the market over 11K

[15:35] {Threei} and don't even kill them - make them kill themselves

[15:36] {Threei} I would say it's the most elegant way to do it

[15:36] {Threei} and if some bad news comes iover the weekend, even better - sucker in more shorts

[15:37] {Threei} then drive to the psychological barrier again

[15:37] {shorty} Good thing I do not hold over night.

[15:39] {Threei} 22 points

[15:39] {Threei} 21 min left

[15:39] {Threei} easy doable

[15:41] {dino} wants it

[15:43] {shorty} Have a good weekend everyone.

[15:43] {Threei} not going to watch the show till end shirty??

[15:43] {dino} cya shorty

[15:43] {shorty} shirty....kick me while I am down Threei?

[15:44] {Threei} lol... sorry, keys next to each other

[15:44] {RonS} ...you can call me ray, or you can call me jay, but don't call me shirty...

[15:44] {nemo} o.k. Johnson

[15:44] {shorty} I know....I will watch the replay tonight. My kids are driving me nuts right now, fighting and all. I can't concentrate anymore.

[15:45] {Threei} darn backchewers

[15:45] {dino} don't call me late for dinner

[15:45] {dino} 19 pts

[15:45] {Threei} 16

[15:46] {dino} :O

[15:46] {RonS} ...my dad says knuckledraggers, but what are backchewers?

[15:46] {Threei} lol... it sounds tastiet in russian... spinogryzy

[15:47] {dptl} lol

[15:47] {dptl} tastier...lol

[15:48] {Threei} backgnawers would probably be closer

[15:49] {dptl} let me google translate it

[15:49] {nemo} so if Greece gets "rectified" big gap up on Monday

[15:50] {dino} gunning them

[15:51] {dino} all green

[15:51] {Threei} 13

[15:51] {dino} hod

[15:51] {Threei} 12

[15:51] {Threei} 11

[15:51] {Threei} 10

[15:51] {Threei} this is fun

[15:52] {dptl} :)

[15:52] {Threei} CH) Aide to Senate Majority Leader Reid (D-NV): Senate could schedule a vote on legislation to address the Chinese Yuan

[15:52] {Threei} - Bill could be voted on if Beijing does not satisfactorily addess US concerns

[15:52] {Threei} Fed's Dudley: Fed rethinking approach to asset bubbles, not able to prevent all asset bubble - radio interview

[15:52] {Threei} -echoes comments from a speech he made on 4/7 regarding asset bubbles.

[15:52] {Threei} - says that the current unemployment rate of 9.7% is unacceptable to the Fed.

[15:52] {Threei} 9

[15:53] {Threei} 7

[15:53] {Threei} 6

[15:53] {ese} hey there....needed to pop in to say have a great weekend......had some turf delivered....was suppose to be delivered now not this morning....had to put it in

[15:53] {dino} cya es

[15:53] {ese} take care all

[15:53] {Threei} ese joi'n the fun

[15:53] {Threei} 5 points to 11K

[15:53] {dino} 5

[15:53] {dino} 4

[15:53] {Threei} but if you prefer to put turf in...

[15:54] {Threei} 3

[15:54] {Threei} 2

[15:54] {Threei} 1

[15:54] {dino} bammmmmmmmmmmmmmm

[15:54] {Threei} yessss

[15:54] {Threei} 11K

[15:54] {dino} see, that 3 hour advantage helps

[15:54] {Threei} strippers at the door

[15:54] {Threei} no kidding

[15:55] {Threei} I am throwing away chicken entrails

[15:55] {Threei} and tea leaves

[15:55] {dptl} it's like new year celebration

[15:55] {Threei} bat ear bone, I'll keep for now

[15:55] {nemo} happy endings?

[15:55] {dino} lol

[15:55] {dptl} lol

[15:56] {Threei} magoo's loss

[15:57] {RonS} good weekend to all! ;)

[15:57] {Threei} take care Ron :)

[15:57] {dptl} that was fun....have a good weekend all.....:)

[15:57] {Threei} thank you all guys,

[15:57] {Threei} have a good weekend

[15:57] {Threei} see you on Monday

[15:57] {lasertrev} you too vad

[15:58] {dino} cpki

[15:59] {Threei} (US) DJIA moves through 11,000 for the first time since Sept 2008 (related SPY DIA )

[16:00] {dino} what the heck on cpki

[16:00] {Threei} CPKI Looking at acquisition offers, including offers from private equity firms - WSJ (20.75, +2.57, 14.14%)

[16:00] {Threei} 1 min ago

[16:02] {dino} ty

[16:04] {dino} thx and take care all