Apr 21 2010

"Can do no wrong" day. Longs on FITB, VMED, HBAN, ACAS - all for nice moves with very little risk, and to top it all - GS trade for a nice juicy $1.10.

Session Time: Wed Apr 21 00:00:00 2010

[07:56] {magoo} lRSdhlneeliJLF

[08:03] {strider} VITC

[08:29] {strider} GS big spike

[08:30] {nemo} that must be why fas spiked

[08:30] {Threei} and SPY

[08:30] {Threei} I don't see anything yet though

[08:32] {Threei} ahh

[08:32] {Threei} GS Trading higher, CNBC reports documents raise questions about case against the company; including testimony from the key witness Pellegrini

[08:37] {magoo} MS had good numbers

[08:39] {Les} mags, read this yesterday. interesting angle:

[08:39] {Les} http://seekingalpha.com/article/199342-did-a-clever-sec-bait-goldman-sachs-into-compounding-its-legal-problems?source=email

[08:39] {Les} morning

[08:39] {magoo} :)

[08:40] {Les} article is quite refreshing in that it comes from ex-con convicted for fraud

[08:40] {Threei} magoo, les :)

[08:41] {Les} hey vad

[08:42] {magoo} vadster:)

[08:42] {fernp} Good morning everybody

[08:42] {Threei} IMMU Reports results from two studies on the development of ribonuclease-based immunotoxins at the American Association for Cancer Research confere

[08:42] {Threei} fern :)

[08:59] {Les} BHP releases info pertaining to sec investigation

[09:00] {Threei} AKRX Akorn Announces FDA Approval to Re-Launch Erythromycin Ophthalmic Ointment USP 3.5 g (1.90, 0.00, 0.00%)

[09:01] {dptl} good morning

[09:01] {Threei} dp :)

[09:02] {RonS} gm all. WYNN Steve mulling hq move to Macau, says Vegas growth "retarded by O admin" along with general investment and employment

[09:02] {Threei} Ron :)

[09:03] {Les} steve doesn't like retards hey?

[09:03] {nemo} gotta' go c u 2morow insha alah

[09:03] {Threei} take care nemo

[09:06] {RonS} hban

[09:07] {Threei} HBAN Reports Q1 $0.01 v -$0.15e, R$634.7M v $617Me

[09:07] {ese} morning.....the big question is....how many times is this site gonna kick me out today

[09:07] {Threei} ese :)

[09:07] {ese} vmorning vad

[09:07] {Threei} it doesn't... your connection to server goes on and off

[09:08] {ese} drove me crazy yesterday

[09:08] {Threei} yeah, I saw constant disconnects

[09:11] {Threei} slogan on RIMM's building: Blackberry a day keeps the apple away

[09:16] {vasilisa} gm all

[09:16] {Threei} vasilisa :)

[09:17] {vasilisa} Threei :) :) :)

[09:17] {RonS} ...hearing Spain and Portugal getting punded (unconfirmed) Euro in the 133's again...

[09:18] {Threei} that was kind of given, from the moment Greece crisis began unfolding...

[09:18] {Threei} Italy can't be far behind

[09:18] {Threei} GR) Greek employer federation calls for immediate activation of aid package for Greece

[09:19] {shorty} Good morning all

[09:19] {Threei} shorty :)

[09:19] {RonS} ...surprised ms up and wfc down

[09:20] {Threei} Wells Fargo & Co Reports Q1 $0.50 (ex items) v $0.42e, R$21.4B v $22Be

[09:20] {shorty} HBAN jumped too

[09:20] {shorty} Threei reported it already

[09:21] {Threei} Morgan Stanley Reports Q1 $1.03(incl tax benefit) v $0.57e, R$9.1B v $7.9Be

[09:22] {Threei} RWT Plans to issue private label mortgage securities in an effort to re-open the private MBS market - WSJ

[09:22] {Threei} - RWT trust issue totals $222M

[09:23] {Threei} keeping FITB on radar

[09:24] {RonS} hmmm: Morgan Stanley CFO: 'This Is The Year Of Execution'

[09:24] {dino} gm all

[09:24] {Threei} lol

[09:24] {Threei} dino :)

[09:25] {Threei} so, who is headed for gallows?

[09:25] {Les} name your favourite

[09:25] {dino} lol lot of heads will roll, year of executions

[09:25] {dino} algt bounce

[09:26] {RonS} euro airspace opening...

[09:27] {dino} igte, vitc

[09:27] {dino} gild

[09:27] {RonS} Analyst Actions: Jesup & Lamont Upgrades Allegiant Travel to Buy from Hold - Shares Higher in Pre Market 04/21 07:23 AM

[09:27] {dino} jnpr

[09:28] {dino} algt, aos, stt

[09:29] {dino} ioc

[09:29] {dino} no

[09:30] {lasertrev} morning

[09:30] {Threei} Long Setup: FITB .90 break

[09:30] {Threei} if holding .85

[09:30] {jfjf64} mornin

[09:30] {Threei} jf :)

[09:32] {Threei} over 1:1

[09:32] {ese} in

[09:32] {Threei} half out or scalp, you decide

[09:32] {Threei} half for me

[09:32] {jfjf64} ty

[09:33] {magoo} out .99 DL ty

[09:33] {Threei} 1:2, 1/4 more

[09:33] {Les} didn't wait long enough, but ty

[09:33] {shorty} All out here

[09:33] {Threei} stop b/e for the last portion

[09:33] {ese} .out +.08

[09:33] {ese} tks vad

[09:33] {shorty} ty Threei

[09:33] {Threei} welcome

[09:33] {fernp} ty Vad

[09:33] {Threei} missed HBAN, didn't feel it was ready..

[09:34] {Les} fitb holding well

[09:34] {shorty} Call it a day, going back to bed.

[09:34] {Threei} offering last portion .10

[09:34] {Les} gs up and away

[09:36] {jfjf64} mu

[09:36] {Threei} HBAN, pullback under .20 for entry

[09:37] {Threei} .30 break is valid setup, just more risky

[09:37] {Threei} FITB last target hit

[09:37] {Threei} 1:4

[09:37] {Les} nice partialling example

[09:38] {fernp} stop in HBAN, Vad?

[09:38] {magoo} GILD

[09:38] {magoo} GILD

[09:38] {Threei} under .25

[09:38] {fernp} ty

[09:39] {Threei} 1:1

[09:39] {fernp} ty

[09:39] {Les} yhoo selloff

[09:40] {dino} nuva

[09:40] {magoo} gild .50 - .80 out

[09:40] {magoo} ty vad

[09:40] {Threei} but of course

[09:41] {Threei} FITB still moving, wow

[09:41] {Threei} straight line up

[09:41] {magoo} yea fitb..coulda been rich

[09:41] {magoo} had 2k

[09:41] {Threei} look at our entry now, when we see the whole chart

[09:41] {Threei} is it brilliant or what

[09:41] {magoo} roflol

[09:41] {magoo} modesty

[09:41] {shorty} I love hindsight.

[09:42] {Threei} always :)

[09:42] {Threei} excuse me... it was called before the move

[09:42] {Threei} that's not a hindsight

[09:42] {shorty} I am tlaking about holding it

[09:42] {shorty} I should have hjeld it longer

[09:43] {Threei} trade management is totally separate issue

[09:43] {shorty} The entry was more then genius Threei. :D

[09:43] {Threei} there you go - was it that hard?? :)

[09:43] {shorty} lol

[09:44] {Threei} let me fix my shoulder that I dislocated patting myself on the back

[09:44] {Les} stx hod break?

[09:45] {Threei} can't tell

[09:45] {Threei} ACAS...

[09:46] {Threei} I'd prefer a pullback to 6.05

[09:46] {Threei} but may be a case of pure break

[09:46] {ese} dino.....gild

[09:47] {Les} tpx

[09:47] {shorty} ZION is like FITB

[09:48] {Threei} Long Setup: ACAS .15 break if holding above .10

[09:48] {dino} fcx

[09:49] {RonS} wow check wfc

[09:50] {shorty} crazy

[09:50] {dino} nuva sm l .00

[09:52] {Les} ms pullback to support. .65 break if holding .60?

[09:52] {Les} nope

[09:52] {Les} altr crash and burn

[09:53] {fernp} VMED, Vad 18 break?

[09:53] {Threei} absolutely

[09:53] {Threei} beauty of a chart

[09:54] {dino} gild sm l .55

[09:55] {Threei} perfect entry dino

[09:56] {Les} banksters day

[09:56] {Threei} very clean, pullback into support and strength reappearing

[09:56] {jfjf64} fitb

[09:57] {ese} dino...got an opinion on gild

[09:57] {dino} lucky

[09:57] {dino} up

[09:58] {magoo} [09:38] {magoo} GILD

[09:58] {magoo} [09:38] {magoo} GILD

[09:58] {dino} look earlier magoo, had gild up before open

[09:58] {Threei} wow HBAN

[10:05] {Threei} VMED 1:1, half out or scalp

[10:05] {shorty} Thanks fernp

[10:05] {dino} nuva stopped -.33

[10:05] {Threei} GE) German Fin Min Schaeuble: Would be a mistake to allow a Eurozone state to default, consequences are unforeseeable - comments to German legislature

[10:05] {Threei} no really?

[10:05] {Threei} how did Europe exist before that came along?

[10:05] {Les} so would printing huge amounts of money to bail them all out

[10:06] {Threei} yeah... but from their standpoint this latter choice means kicking the can further down the road

[10:06] {shorty} Still in ACAS?

[10:06] {fernp} HBAN pulback , Vad?

[10:06] {Threei} thus acceptable

[10:06] {Les} yeh

[10:07] {magoo} news vad FCX?

[10:07] {dino} gild flat

[10:07] {Threei} maybe if consolidates between .55 and .60 for couple min, fern

[10:07] {dino} nuva major fjob

[10:07] {Threei} nothing after 8 am mags

[10:07] {Threei} earnings back then'

[10:08] {Threei} FCX Reports Q1 $2.00 v $1.91e, R $4.36B v $4.5Be

[10:08] {Threei} - Guides FY10 production: Copper 3.8B lbs, gold 1.8M oz, molybdenum 62M lbs

[10:09] {dino} looked good fcx

[10:09] {dino} rinses today

[10:10] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:10] {Threei} **consensus expectations:

[10:10] {Threei} Crude: -500Ke

[10:10] {Threei} Gasoline: +500Ke

[10:10] {Threei} Distillate: +800Ke

[10:12] {dino} fcx sm l .70

[10:13] {dino} nuva last try .00 l sm

[10:14] {Threei} FCX Exec: Growth in China continues to be very strong; rise in standards of living will continue demand for input products -conf call

[10:14] {Threei} - Have seen signs of demand recovery for products in pockets of the developed world

[10:15] {shorty} fernp, you still hold VMED?

[10:15] {fernp} no, sold at 1:1

[10:15] {shorty} Me too. Thanks for the call.

[10:16] {fernp} yw

[10:16] {Threei} COIN Receives Re-Order from Matosantos Commercial Corporation, Companys distributor to Walmart and Other Retailers for its Organic Fertilizer

[10:19] {dino} ctrp

[10:19] {Threei} NYMX Ticking higher after circulation of webpost highlighting drug pipeline potential

[10:19] {Threei} seekingalpha cites two twitter postings that are positive on its drugs

[10:19] {Threei} oh boy

[10:20] {Threei} twitter postings are now end all be all?

[10:20] {Les} hehe get with the times vad!

[10:20] {shorty} I only go by twitter. It's my new google.

[10:20] {Les} social networking

[10:21] {Les} acas holding nicely

[10:21] {Threei} I am so out of this era

[10:22] {Les} I tried these social sites and gave them all up. waste of time

[10:22] {Threei} I shudder of the very concept of twitter, and will let myself get shot rather that start posting there

[10:22] {ese} plxs also dino........L nvda .69 sm

[10:22] {Les} tpx news vad?

[10:22] {dino} nuva stopped, thing is broken

[10:22] {shorty} I was on facebook, but closed my account.

[10:23] {Threei} I don't want to network socially in real life, why would I want to do that in virtual one

[10:23] {shorty} lol

[10:23] {Threei} nothing fresh Les

[10:23] {Threei} earnings yesterday

[10:23] {Threei} upgrade today

[10:23] {ese} it's a nightmare vad.....once you start you can't stop....

[10:23] {jfjf64} comon vad

[10:23] {Threei} GM Reportedly discloses October launch of plug in hybrid electric Volt vehicle

[10:24] {dino} plxs good report/guid, hmm

[10:24] {shorty} You don't have a choice but to network ese.

[10:24] {jfjf64} old school

[10:24] {Threei} not for me ese - not networking comes very natural to me :)

[10:24] {Les} fcx

[10:24] {dino} gild db

[10:25] {dino} in les from .70

[10:25] {Threei} to network on the other hand, I have to apply effort... and we all know that in my fight with laziness I lose every single time

[10:25] {Les} missed reversal, looking for new setup

[10:25] {dino} hmmm good news being sold...

[10:25] {ese} im still watching gild dino

[10:25] {dino} me too

[10:25] {Threei} not everywhere dino

[10:25] {Threei} seems to be sector specific

[10:26] {dino} no but more than expected imo

[10:26] {Threei} finnies have no problem going up

[10:26] {shorty} Threei, this is why I like winter sometimes....."Shucks! A blizzard! I guess I will stay inside then."

[10:26] {fernp} QQQQ breakdown, Vad?

[10:26] {dino} gild jump

[10:26] {Threei} ummm... no thanks... I will pick summer, and sit home as a matter of choice, not being forced to :)

[10:27] {dino} plxs .25 trig l imo'

[10:27] {Threei} I don't want to play it fern

[10:27] {fernp} ok

[10:27] {Threei} it's just not something that worked in a long time

[10:27] {dino} or pullback to .75

[10:27] {shorty} I am learning Threei.

[10:27] {Threei} and I don't want to be a hero catching the veryu first day when it started working

[10:27] {KSystems} hey

[10:27] {Threei} KS :)

[10:28] {dino} stocks are jumping all around bigger today

[10:28] {Les} in fcx .76

[10:29] {shorty} ACAS is a flashback of NUAN for me.

[10:30] {Threei} *DOE CRUDE: +1.9M V -500KE;

[10:30] {Threei} GASOLINE: +3.6M V +500KE; DISTILLATE: +2.1M V +800KE; UTILIZATION: 85.9% V 86.0%E

[10:30] {Threei} what is so significant about NUAN?

[10:31] {dino} nothing

[10:31] {jfjf64} utx

[10:32] {dino} miised

[10:32] {Les} vad altr read?

[10:32] {Threei} asking shorty, dino... :)

[10:32] {dino} missed

[10:32] {Threei} ALTR is almost time to start hunting, IMO

[10:32] {Les} stopped fcx

[10:32] {Threei} not time yet but very soon

[10:33] {Les} .84 is pivot support

[10:33] {shorty} Didn't we hold it for an hour or something like that?

[10:33] {Threei} when??

[10:33] {Threei} last week or so?

[10:34] {shorty} I don't remember, I think so.

[10:34] {Threei} wow...

[10:34] {Threei} here is one of things to curte:

[10:34] {Threei} cure

[10:34] {RonS} no avail to short for me, but jef is flagging for a breakdown. should be good for .50

[10:34] {Threei} you put too much significance in any given trade, vs looking at trading as flow

[10:35] {Threei} none of them is worth remembering beyond 5 min after its over

[10:35] {Threei} ACAS 1:1 btw

[10:35] {shorty} lol.....OK Threei

[10:35] {Threei} I amserious, this is one of cornerstones of the right mindset

[10:35] {shorty} I don't know why I remember it. It's the feeling.

[10:36] {Threei} 1:2

[10:36] {Threei} I am out

[10:36] {strider} me too neither

[10:36] {strider} thanks vad

[10:36] {Threei} welcome sir

[10:36] {Threei} (US) Reportedly White House is examining current EPA Greenhouse gas emissions rules

[10:36] {shorty} TY Threei!

[10:36] {Threei} sure thing

[10:37] {shorty} How do you cure that THreei?

[10:37] {Les} pure malt whisky shorty

[10:37] {Les} lots of it

[10:37] {shorty} lol

[10:38] {Les} altr

[10:38] {Threei} see? Les has advanced nicely on the path of enlightment

[10:39] {Threei} you work on the mindset...

[10:39] {Threei} starting with right philosophy

[10:39] {dino} fcx stopped -.25

[10:39] {Threei} and deriving right mindset from it

[10:39] {jfjf64} utx

[10:39] {Threei} and no skipping the steps

[10:39] {Threei} shortcuts simply don't work

[10:39] {jfjf64} yeah

[10:40] {Threei} ACAS 1:4

[10:40] {ese} L nvda avg .63

[10:42] {shorty} I am working on the TPP.

[10:42] {dino} i am getting rinsed out like a dish rag

[10:43] {dino} gild .50 sm l

[10:44] {RonS} ...did you just sell at 50.00? :)

[10:44] {dino} sm l ctrp .90

[10:46] {dino} ? ron

[10:47] {Les} partialling out of altr

[10:50] {jfjf64} chrw

[10:51] {jfjf64} watchin 5 min

[10:51] {RonS} aig

[10:51] {jfjf64} invalid

[10:52] {jfjf64} pcp chart ready to go

[10:54] {dino} fcx

[10:54] {Threei} 73% Say Its Likely Goldman Sachs Committed Fraud

[10:54] {dino} fcx gap around 75.25

[10:55] {RonS} 100% say they are pollsters

[10:55] {strider} 73% are just guessing based on how they "feel".

[10:55] {Threei} being uncomfortable to be a part of a crowd and making my living by disagreeing with majority, this makes me what, GS accomplice?

[10:56] {RonS} fcx doubles divvy and gets shafted...

[10:57] {Threei} when you look under the hood of the poll however, some interesting things can be seen:

[10:57] {Threei} But Americans are evenly divided about whether the timing of the suit was based upon concerns about fraud or a desire to help the Obama administration politically.

[10:57] {Threei} 39% of Americans believe the government investigation of Goldman Sachs is based on a legitimate concern about fraud.

[10:57] {Threei} But 40% say the investigation is an effort to help the government gain more control over the financial industry.

[10:59] {RonS} ...these are the same people who have no idea where Canada is? suspicious sophistication...

[10:59] {Threei} lol

[11:01] {dino} thats the master plan, dumb them down and take over

[11:02] {Threei} then I say it's a good thing that most don't know where Canada is

[11:02] {dino} how do you think the middle east does it? keep them stupid

[11:02] {RonS} lol, but the Mexicans do...

[11:03] {Threei} keep them stupid and vodka cheap :)

[11:03] {RonS} ...or, just the vodka cheap...the Russian way...

[11:04] {ese} vad did you get into acas......i missed the call

[11:04] {Les} vad fcx read?

[11:04] {Threei} 09:48] {Alert} Threei Long Setup: ACAS .15 break if holding above .10

[11:04] {Threei} none yet Les

[11:05] {RonS} fcx seems to be pounding out a bottom...

[11:05] {ese} cool

[11:05] {shorty} Threei, PCBC. Thoughts?

[11:06] {Threei} none... not enough activity

[11:06] {ese} nvda stopped .55

[11:06] {Threei} but I am flattered you think I have thoughts

[11:06] {ese} -.08

[11:06] {shorty} No your not.

[11:08] {strider} Any news on MRK, vad?

[11:09] {Threei} not since before market

[11:09] {Threei} 07:35 MRK Obtains exclusive rights to market and distribute MassBiologics' Tetanus-Diphtheria (Td) Vaccine in the US

[11:10] {strider} Big red candle tody.

[11:10] {strider} today

[11:10] {Les} fcx gunning for 77 altr testing lod

[11:12] {dino} wants the gap

[11:12] {Threei} GS CEO Blankfein and VP Fabrice Tourre (the individual named in the SEC complaint) to reportedly testify before Senate committee on April 27

[11:13] {dino} plxs sm l .20

[11:21] {Les} fcx .25?

[11:22] {Threei} 50/50

[11:22] {Threei} no clarity

[11:22] {strider} EBAY short?

[11:23] {Threei} I doubt it

[11:23] {Threei} EBAY Hearing Deutsche Bank adds to short term Sell list (timing uncertain

[11:23] {Threei} look at VMED

[11:24] {Threei} nice find... good setup working no matter what

[11:25] {fernp} QID .61 long

[11:25] {fernp} stop under .55

[11:26] {Threei} nice one fern

[11:26] {fernp} 1:1 QID and easy

[11:26] {Threei} I didn't see this breakdown coming

[11:28] {RonS} ...first hint was dino getting stopped...

[11:31] {Threei} MS CFO: Firm has not received any Wells notices regarding its CDO business - conf call comments

[11:34] {RonS} ...that reversal in altr is a mind blower given their tie to aapl

[11:36] {Threei} I am fighting the temptation to call long on it

[11:37] {Threei} I'd say, by itself it's ready

[11:37] {Threei} market may keep it down more

[11:37] {Threei} but any bounce in the mnarket should rocket it

[11:38] {Threei} IMAX Signs theater deal in China (18.81, +0.12, 0.64%)

[11:40] {Threei} see?

[11:40] {Threei} anyone found entry, ALTR?

[11:40] {Threei} or IMAX?

[11:40] {Les} .60

[11:41] {Threei} single theater for now

[11:41] {Threei} Imax Corp Signs theater deal in China

[11:41] {Threei} - Signed an agreement to install a digital IMAXtheatre system at the exhibitor's new 16-screen multiplex in the city of Hangzhou, the capital of China's Zhejiang province. The theatre is scheduled to open in late June 2010, in time to show Aftershock, the first mainstream Chinese film to be digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience.

[11:42] {dino} mos gap fill from yesterday

[11:42] {Les} half out .70

[11:42] {dino} ty ese, out plxs .95, +.75

[11:43] {Threei} wtg Les

[11:43] {Threei} US) Senator Sherrod Brown (D-OH) plans to introduce legislation to limit the size of US banks

[11:44] {dino} i introduce that we limit the amount of talking a senator can do

[11:44] {Les} 1/4 .80

[11:45] {fernp} MS .80 break , Vad?

[11:45] {fernp} wide stop, no?

[11:46] {Threei} sorry fewrn, I can't answer this question, I need 5 min more to laugh about dino's idea

[11:46] {Threei} but, no, I am not delighted by MS :)

[11:46] {dino} :D

[11:46] {fernp} lol

[11:47] {dino} hey, how about that olxs trade too

[11:47] {dino} plxs\

[11:47] {Threei} while we are on... can we widen that to cover president too?

[11:47] {Les} fcx 77 break?

[11:48] {Threei} ALTR pure unbridled beauty

[11:48] {dino} to all poly (many) tic(ians), bloodsuckers

[11:48] {Threei} can't tell FCX

[11:48] {Threei} ALTR 1:3

[11:48] {Threei} out Les?

[11:49] {Les} 1/4 left

[11:49] {Les} vwap 26.40

[11:49] {Les} figure it still has some value

[11:50] {Les} what's altr's relationship to aapl?

[11:51] {Les} spent today with fcx and altr, learning to play reversals

[11:52] {dino} mos sm l .70

[11:55] {Threei} (US) US Senate Agriculture committee votes 13-8 to pass derivates regulation bill out of committee

[11:55] {Threei} - Note: on 4/16 Senate Agriculture Committee releases the Wall Street transparency and accountability act; includes regulation of Counter swaps markets

[11:55] {fernp} MS .80 break was good :-)

[11:56] {Threei} hey

[11:56] {Threei} Mr Obvious is MY title!

[11:57] {Les} all out .97

[11:58] {Threei} wtg

[11:59] {Les} would be much greener if I stopped going long every time it looks like reversing and read all the factors needed for reversal

[11:59] {Threei} think about it this way:

[12:00] {Threei} there must be a reason why everyone and their brother tries to catch reversals,

[12:00] {Threei} there must be a reason why everyone and their brother are not successful,

[12:00] {Threei} there must be a reason why every pause on the way down looks like chance for entry but isn't,

[12:01] {Threei} there must be a reason why, after trading for a living for the last 14 years, I call reversals what, once for every 10 calls?

[12:01] {Threei} if that

[12:01] {fernp} gotta go. Have a good day everybody. See you all tomorrow

[12:01] {Threei} take care fern

[12:01] {RonS} cya fern

[12:02] {RonS} imax

[12:02] {shorty} bye fernp

[12:12] {Threei} Dutch media reports incident on Tuesday of cargo plane traveling from Germany to Netherlands found to have ash in its engines after landing

[12:12] {Threei} - inspectors today are expected to determine whether the engine was damaged by the ash.

[12:12] {Threei} - the carrier, World Airways, canceled a second cargo flight that day after the ash was found in the engine of the first plane - DeStentor

[12:14] {Les} that CEO of BA Walsh been loud enough about no need for stoppage

[12:14] {Les} BA plane goes down and he'd bitch that it's govts. fault. dumbass

[12:17] {Les} l altr .06 stop under 26

[12:18] {magoo} we in anything vad?

[12:18] {Threei} no

[12:18] {Threei} wow IMAX

[12:20] {Threei} General Motors Corp White House's Summer: US auto industry employment has stabilized, prospects for industry improving with the payback of bailout money

[12:20] {Threei} - govt still likely to experience a loss on auto bailout, but a smaller loss than forecast last year.

[12:21] {Threei} PALM Ticking lower as Dealreporter offers catious comments (timing uncertain) (4.87, -0.04, -0.81%)

[12:27] {Les} someone switched fcx back on

[12:29] {dino} yeah, that sucks i was waiting at 75.50

[12:30] {magoo} any read AIGay vad?

[12:30] {shorty} lol

[12:31] {Threei} for a scalp, maybe, on pullback to about 42.05 or so

[12:31] {Threei} for bigger trade, nah

[12:33] {magoo} any read on the golden sack vad?

[12:34] {shorty} ACAS Threei .25 b/o. Or is it done for the day?

[12:36] {Threei} I'd leave it alone

[12:36] {Threei} FITB .20 break is more interesting

[12:36] {Threei} ACAS that was

[12:36] {shorty} ty

[12:36] {Threei} GS, no

[12:38] {Les} stop under .10 fitb?

[12:38] {magoo} in fitb

[12:38] {Threei} for a daytrade yes, Les

[12:40] {Threei} AIG, if you took it, mags... take scalp IMO

[12:40] {magoo} missed it

[12:40] {Threei} ok

[12:40] {Threei} don't regret

[12:40] {magoo} gooreadd tho

[12:40] {Threei} was so so trade

[12:41] {Threei} it worked only because it knew I was in "can do no worng" mode today

[12:42] {dino} as 3i pats his own back

[12:42] {dino} out ctrp .44, +.54

[12:42] {Threei} with the other hand dino...

[12:42] {shorty} nice dino

[12:42] {Threei} one is hopelessly dislocated for the day

[12:42] {dino} ty

[12:43] {Threei} hand? arm I guess

[12:44] {Threei} European banks face an annual 19bn ($25bn) tax bill and as much as a 10% hit to profits if regulators opt for a US-style levy on individual balance sheets, according to analysis by KBW. The analysis comes in the week that the IMF published its own recommendations on bank taxes.

[12:45] {Threei} The impact of such a tax would vary dramatically between European banks, with Commerzbank, Royal Bank of Scotland and Crdit Agricole being among the worst hit. Standard Chartered, HSBC and UBS would be among the least-badly impacted

[12:46] {Threei} isn't the level of idiocy in the world simply astonishing?

[12:47] {Threei} KBW calculated the impact to profits at select European banks of a15bp flat tax on balance sheets. A selection of its finding are listed below.

[12:47] {Threei} Dexia 20.6% Commerzbank 13% RBS 10.9% Crdit Agricole 9.1% Deutsche Bank 7.8% Lloyds Banking Group 7.4% Barclays 6.9% BNP Paribas 6.2% Socit Gnrale 6% Credit Suisse 5.6% UBS 4.5% HSBC 3.9% Standard Chartered 2.2%

[12:47] {Threei} just go ahead already imbeciles, tax everything in sight

[12:47] {Threei} let it all collapse

[12:47] {Les} amen

[12:47] {dino} they are

[12:48] {Threei} maybe next civilization will finally learn the lesson of socialism not working

[12:48] {Threei} 'cause this one sure is hopeless

[12:48] {dino} politics of envy, you are witnessing it. you got it, i want it, can't fiogure out how to get it, so i'll destroy it. waiting for john galt

[12:49] {Threei} forgive me for serving the obvious remark but I can't help it... WHO IS JOHN GALT?? :)

[12:50] {dino} roflol

[12:50] {Threei} :)

[12:50] {RonS} I am John Galt

[12:50] {dino} dagny tagart will show first

[12:50] {RonS} :D

[12:51] {RonS} fitb .30 target or more?

[12:51] {Threei} kind of torn here...

[12:51] {RonS} rip torn?

[12:51] {Threei} one one hand, it held very well while market pulled back

[12:52] {Threei} on another, it's not a very active time...

[12:52] {dino} i believe next week hank reardon must appear before the senate;)

[12:52] {Threei} let's trail stop to under .15

[12:52] {Threei} and see what happens next

[12:53] {RonS} "I need to find a one armed economist so they can't say, on the other hand." Harry Truman

[12:53] {Threei} not sure about hank, but GS guys will, fino, lol

[12:55] {dino} my point

[12:55] {Threei} didn't think you liken them to him :)

[12:56] {dino} it works, going after the successful

[12:56] {Threei} see how ACAS lost will to live?

[12:57] {Threei} whole thing is disgusting spectacle

[12:58] {Threei} it's almost like whole crisis was caused by banks

[12:58] {Threei} no role for the governemnt enabling bad loans via FRE/FNM/AIG and social priorities,

[12:58] {Threei} no citizenry merrily borrowing without means of repaying,

[12:59] {Threei} and then only banks faciliating it all

[12:59] {Threei} takes three to tango, you know

[12:59] {RonS} bailed at .29 thx 3i

[12:59] {Threei} welcome sir

[12:59] {shorty} ty

[12:59] {dino} that was the beginning, fnm, fre easing of standards

[13:00] {Threei} in the beginning was CRA

[13:00] {Threei} then came FNM

[13:00] {Threei} the rest is well known

[13:00] {Threei} but revisionists are alive and well

[13:00] {dino} barney frank "they (fnm) will do whatever i want"

[13:00] {Threei} yup

[13:01] {Threei} because banks are the easiest thunderbolt for populist anger

[13:01] {dino} the victors write history...

[13:01] {Threei} public will feel better finding enemy and forgetting how it, public, participated in the crime by borroiwjng beyong means

[13:02] {Threei} politicians will happily route anger in that direction

[13:02] {Threei} and for detached observer it's three criminals,

[13:02] {Threei} two of which now take third to the court

[13:02] {Threei} well, actually they are the court

[13:02] {Threei} and firing squad

[13:03] {Threei} FCX Hearing being defended by Barclays (timing uncertain)

[13:03] {Threei} - Barclays has an Overweight rating and $120 price target on FCX

[13:05] {dino} "until and unless you discover that money is the root of all good, you ask for your own destruction. when money ceases to become the means by which men deal with one another, then men become tools of bother men. blood, whips and guns--or dollars. take your choice--there is no other. ayn rand, atlas shrugged

[13:05] {Threei} Fransisco's speech?

[13:06] {dino} or galt, one or the other

[13:06] {Threei} yeah, Francisco d'Anconia

[13:07] {Threei} http://www.capitalismmagazine.com/economics/money/1826-Franciscos-Money-Speech.html

[13:07] {dino} ahh yes

[13:11] {shorty} Good article.

[13:12] {Threei} HBAN CEO: to timetable yet for repaying its TARP funds - CNBC interview

[13:12] {Threei} - notes HBAN took $1.4B in TARP funds (6.66, +0.83, 14.24%)

[13:13] {RonS} Pope promises "action" on sexual abuse crisis

[13:13] {RonS} ...isn't that the problem?

[13:13] {Threei} MCO Reportedly subpoened by the FCIC (Federal crisis inquiry commission)

[13:13] {Threei} Moodys Corporation Reportedly subpoened by the FCIC (Federal crisis inquiry commission)

[13:13] {Threei} - Subpoena comes after Moody's is alleged to have not complied with initial request in a timely manner

[13:13] {Threei} ***Note that the Financial Crisis Inquiry Commission is a five-member body appointed by Congress to "to examine the causes, domestic and global, of the current financial and economic crisis in the United States."

[13:13] {Threei} may we know the names of the bodies

[13:14] {Threei} as old classic russian play asks, "and who are the judges?"

[13:17] {Threei} well... chairman:

[13:17] {Threei} From 1999 to 2007, he served as California's State Treasurer

[13:17] {Threei} good job managing state finances I say

[13:18] {Threei} He put the weight of the state's pension funds behind investment in clean energy and the fight against global warming

[13:18] {Threei} enough for me, done researching this one

[13:20] {Threei} US) SEC's Shapiro: Financial regulatory bill makes regulatory oversight more complicated and cuts investor protections

[13:21] {RonS} ...curious run in the iyr

[13:23] {ese} .

[13:23] {ese} always have been ...just watchin

[13:27] {Threei} GR) Greece Fin Min: Will make decision on whether or not to trigger the aid mechanism soon

[13:27] {Threei} just how long this agony will continue

[13:28] {Threei} ask for aid, don't ask fo aid, but o something already

[13:28] {Threei} this is like that old joke from Soviet time, dialog in overcrowded bus

[13:29] {Threei} lady to a man: hey, you are lying on me for the last 10 minuites, enough already!

[13:29] {Threei} he: but I am not doing anything!

[13:29] {Threei} she: well, do something finally, next stop is mine!

[13:30] {Threei} nah... you spoilt brats don't know what overcrowded bus is... sigh

[13:31] {ese} L gild .63

[13:31] {dino} lol

[13:31] {ese} vads joke or my entry

[13:32] {Threei} lol

[13:38] {dino} algt gap fill

[13:39] {ese} out gild.77 +.14

[13:39] {Les} what's your read algt dino?

[13:40] {dino} feels like db coming from yesterdays low, then up

[13:40] {dino} so around 50.20 i will most likely take some long

[13:41] {Les} k ty

[13:41] {dino} and then i will go grab a soda or beer, not as sure on that

[13:42] {Les} what you some kind of girlie man?

[13:42] {Les} what with Mags' pub in area

[13:42] {Les} BEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEER

[13:42] {RonS} whap, Les asks for it...

[13:43] {dino} :O

[13:43] {Les} enjoying a red Cote du Rhone villages myself

[13:43] {dino} les "the tippin'" trader

[13:45] {Les} along with 68 degrees. startin to warm up

[13:47] {dino} vmw

[13:48] {dino} real gutsy call by credit suisse vmw to 45

[13:54] {ese} in and out gild .80 .89 +.09

[13:54] {ese} went too fast to post

[13:56] {dino} gild to .96

[13:56] {ese} gotta get use to your out 1/2 type of trade vad......it's cost me alot of money

[13:56] {ese} like dino

[13:56] {dino} out +.46 took hours

[13:59] {RonS} ...wow, i hope that solvang babe makes it in...

[14:00] {Les} ?

[14:00] {dino} lol

[14:00] {RonS} solvang is a danish town in santa barbara county, ca

[14:00] {Les} cool

[14:01] {Les} out +.28 vmw ty dino

[14:01] {dino} gj

[14:02] {RonS} fitb reports a.m. Options are mildly bullish Does anyone think we can muster a run into the close?

[14:04] {Threei} Ron... just read the chart

[14:04] {Threei} all that guessing, you know...

[14:05] {RonS} true, just asking my Shorty q for the day...:)

[14:06] {Les} Ahhh Ron you fast learner

[14:06] {Les} me no longer bottom of pecking order ;)

[14:07] {Threei} it's just nemo's day off les {G}

[14:10] {ese} I'm liken the look of the doble botom 15min cht STLD

[14:13] {ese} L stld.sm .55 gonna try this pullback 1min chrt

[14:19] {Les} vmw 61 short?

[14:20] {Les} aaah no

[14:22] {shorty} I don't know what to say...:(

[14:23] {Threei} neither do I... you about what?

[14:23] {Threei} 'cause my list will be very very extensive

[14:23] {shorty} The pecking order.

[14:24] {Threei} there are too many things I don't know what to say about...

[14:24] {ese} i'm out stld .55 +/-.00 out the commish.......was driving me crazy

[14:24] {Les} hehehe

[14:24] {Threei} oh, iy's just les's fantasy, shorty :)

[14:24] {shorty} lol

[14:25] {Threei} russian saying goes, pike's in the water so crucian doesn't nap

[14:26] {Threei} so, nemo's in the room so les doesn't feel too comfy {G}

[14:26] {Threei} and nemo is not in today

[14:27] {Les} crucian is... small, insignificant fish?

[14:27] {Threei} not in a sense of that saying

[14:27] {Threei} just predator/prey kind of relation

[14:28] {Threei} where pike is known for being a very agressive predator

[14:28] {Threei} and you have toa dmit, nemo is nothing is not agressive

[14:28] {Threei} is = if

[14:29] {Threei} even so the fish he is named after is a cutie, lol

[14:29] {shorty} lol

[14:29] {Threei} so = though

[14:29] {Threei} sigh

[14:31] {RonS} .spx lod

[14:32] {RonS} gs melting

[14:35] {RonS} gs

[14:40] {RonS} Altera Corporation (ALTR) rated Buy with price target $34 by UBSPosted on: Wednesday, Apr 21, 2010 2:25 PM ET by UBS

[14:40] {RonS} jef hits 24.50 as predicted

[14:43] {ese} L fitb .90

[14:46] {ese} Out fitb .94 +.04 5k

[14:47] {Threei} GS

[14:47] {Threei} bounce ready it seems

[14:47] {ese} entry vad?

[14:48] {Threei} late ese

[14:48] {Threei} .50 break was

[14:48] {Threei} no way to alert this one in time

[14:48] {ese} missed it

[14:50] {dino} pjc

[14:52] {Threei} if went for second chance entry GS, half out here

[14:53] {Threei} or just grab your profit and be happy

[14:53] {Threei} and magoo... don't tell me I don't accomodate your insatiable appetite for excessive risk

[14:54] {magoo} :)

[14:54] {Threei} I know you and jf whisper to each other behind the closed door how old and lazy I've become

[14:55] {dino} ctrp sm l .80

06[14:55] * Threei slaps jfjf64 around a bit with a large roll of cash

06[14:55] * Threei slaps magoo around a bit with a large roll of cash

[14:56] {jfjf64} lol

[14:56] {Threei} who partialed, look for next exit around 158.30

[14:56] {Threei} and last around .60-.70

[14:59] {Threei} second target hit

[15:02] {dino} back in ten

[15:05] {Threei} third and last target hit

[15:06] {Threei} +.1.10

[15:06] {magoo} very nice read boss

[15:06] {jfjf64} nice job vad

[15:06] {Threei} ty... I have my moments

[15:07] {shorty} nice one guys, I sat out for that one.

[15:09] {magoo} read on AIGay here vad??

[15:09] {Threei} move is coming

[15:10] {Threei} but I don't have confidence about direction

[15:10] {Threei} not enough to call it

[15:10] {Threei} shorty, don't regret sitting it out

[15:10] {Threei} trust me, it will take a long time before you can trade GS

[15:10] {shorty} ty

[15:10] {Threei} don't be a macho about it

[15:11] {Threei} it's simply a stock requiring a whole lot of experience

[15:11] {shorty} I was content with just watching.

[15:11] {Threei} cool

[15:11] {Threei} it's not a contest of who is gutsier

[15:12] {Threei} market is cemetery full of tombstones of dead breave lions

[15:12] {shorty} Reminds me of a quote from a soldier in WWII

[15:12] {Threei} old bold pilots?

[15:13] {shorty} No, he was watching the officers in action, and noticed they were always in the middle of the pact, never out front (bold) or never in the back.

[15:14] {Threei} my fave is,

[15:14] {Threei} There are old pilots. There are bold pilots. There are no old bold pilots

[15:14] {shorty} lol

[15:15] {Threei} I've seen a lot of brave souls who thought they can trade on bravery alone

[15:15] {Threei} none of them is still around

[15:16] {shorty} A really good friend of mine, his grandfather was a pilot in WWII. He never talked about it, but taped all his memories on cassette when he was alone. They found them after he passed away.

[15:16] {dino} xrtx strong

[15:17] {shorty} Bravery took me to this chat room Threei. I knew I would get killed if I tried it alone. I only have a set amount of funds to play with.

[15:17] {Threei} you and about 99.99999% of the rest of trading populace

[15:18] {Threei} those who have unlimited funds don't really trade, you know...

[15:18] {Les} I'm just here for the idle banter

[15:18] {Threei} they cruise oceans in their 140 ft yachts

[15:18] {Threei} true... that was in Les's sign-up e-mail

[15:19] {Les} "Our chat room needs a new class clown"

[15:19] {Threei} "I'll sign up for a while but I'll stay only if you provide no less than 2 hours of idle banter per day"

[15:19] {shorty} I would love to have a fishing boat on the BC coast. Go fish early in the morning. Peace and quit.

[15:19] {RonS} ...there may be no old, bold pilots; but there are an olds, bold pilot:http://en.wikipedia.org/wiki/Robin_Olds

[15:20] {shorty} lol Les

[15:20] {dino} xrtx to .98

[15:21] {shorty} West Point, I wanted to go there when I was a kid.

[15:22] {dino} out xrtx +.48

[15:22] {Les} aig

[15:23] {Les} pullback here for long?

[15:30] {Les} l aig .75

[15:30] {Threei} probably, yes

[15:31] {RonS} ...3i smacks Les around with a bout of silence

[15:31] {RonS} :D

[15:31] {Threei} I was thinking

[15:31] {Les} sorry

[15:31] {Threei} well... trying to

[15:32] {dino} algt sm l .00

[15:32] {ese} in and out nvda .55 .61 +.06 10k what a pain in the a..

today was........no such thing a easy money these days

[15:33] {Threei} come on

[15:33] {Threei} morning was the easiest in weeks

[15:33] {Threei} every trade worked like doctor's recipe for alcoholism

[15:33] {shorty} Was for me, thanks Threei.

[15:34] {ese} don't know what it is with me these days....been struggling since i got back from Italy

[15:34] {ese} thats funny vad

[15:34] {Threei} must be Italy's fault...

[15:35] {Threei} it spoils a man

[15:35] {ese} definitely

[15:35] {Threei} jf said the same when returned

[15:35] {RonS} nice dino

[15:36] {Threei} dcced me and said "threei... I am so spoilt"...

[15:36] {Les} and how. I'm going back for more in July. yum yum

[15:37] {ese} same bat time same bat channel tomorrow......cya

[15:37] {Les} ciao

[15:37] {shorty} Bye ese

[15:37] {Threei} take care ese

[15:37] {Les} out aig +.13 no spunk

[15:39] {RonS} ah: ebay, sbux, amgn, qcom

[15:40] {shorty} I am going to call it a day. A demain. Thanks Threei,

[15:40] {Threei} sure

[15:40] {Threei} seeyou tomorrow

[15:41] {dino} mhi

[15:42] {dino} cya short

[15:43] {jfjf64} good night all

[15:44] {Les} cya jf

[15:45] {Threei} take care jf

[15:46] {Les} aig

[15:46] {Threei} once again we snatch green from the jaws of red

[15:46] {Threei} well, providing we don't sell in the next 15 min :)

[15:47] {Threei} but resilience of this market is nothing short of absolutely remarkable

[15:51] {dptl} good evening all

[15:51] {Threei} dp :)

[15:51] {Threei} wait!!

06[15:51] * Threei slaps dptl around a bit with a large box of Russian Standard

[15:52] {Threei} go

[15:52] {dptl} oo..... :)

[15:54] {Threei} US) Senate Democratic Aide: Senate Democrats are planning proceedural vote on financial reform bill on 4/22, final vote on 4/26

[15:57] {dino} out ctrp .05, =.25

[15:58] {dino} = = +

[15:59] {dino} out algt +.01

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

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

[16:00] {Threei} see you tomorrow

[16:00] {Les} ciao

[16:00] {Threei} QCOM Reports Q2 $0.59 v $0.57e, R$2.7B v $2.6Be

[16:02] {dino} dropping

[16:03] {Threei} Guides Q3 EPS $0.51-0.55 v $0.55e, R$2.5-2.7B v $2.7Be

[16:03] {dino} +cmg

[16:05] {dino} nflx

[16:06] {Threei} NFLX Reports Q1 $0.59 v $0.54e, R$494M v $493Me

Apr 20 2010

Narrow day with much less action than yesterday. Some profitable trades,some stops - mostly balancing each other, and one nice hit on GS for 85 cents.

Session Time: Tue Apr 20 00:00:00 2010

[03:18] {KSystems} Good morning

[07:20] {vasilisa} Good morning

[07:56] {magoo} giddy-up:)

[08:22] {Threei} 7:01:10 AM

[08:22] {Threei} The Goldman Sachs Group Inc Reports Q1 $5.59 v $4.00e, R $12.8B v $11Be

[08:22] {Threei} - Net investment banking revenues $1.18B, +44% y/y, -28% q/q

[08:22] {Threei} - Trading and principal investments revenues $10.25B, +60% q/q

[08:22] {magoo} morn vad

[08:22] {Threei} magoo :)

[08:23] {magoo} cramer last nite SELL LVS MGM..buy wynn

[08:23] {Threei} 20 Apr 2010 08:14 [GS] BofA/Merrill Lynch reiterates Buy rating, price target $220

[08:23] {Threei} 20 Apr 2010 08:12 [GS] General Council: Reiterates that SEC charges are unfounded - conf call

[08:24] {magoo} we need a pullbk to get long GS

[08:24] {Threei} MGM Price Target raised to $12 from $10 at Deutsche Bank; Reiterates Hold rating (14.83, 0.00, 0.00%)

[08:24] {Threei}

[08:25] {Threei} MGM Goldman adds to Conviction Buy List (22.77, 0.00, 0.00%)

[08:25] {Threei} LVS Price Target raised to $29 from $21 at Deutsche Bank; Reiterates Buy rating (82.91, 0.00, 0.00%)

[08:25] {magoo} just telling u cramer last nite...he has followers, but hey, he sux

[08:25] {Threei} Cramer's call seems to be, ummm...

[08:45] {magoo} u readin GS lord vader?

[08:45] {Threei} premarket?

[08:45] {Threei} normally, no...

[08:46] {Threei} 165.5 was an obvious break

[08:46] {magoo} no kidding took iy

[08:46] {magoo} out here .71

[08:46] {magoo} .69 that is

[08:47] {magoo} 165.39 - 166.69

[08:47] {magoo} just feels "UP" overall

[09:01] {Threei} MGM starts looking interesting for a break in all time frames

[09:02] {Threei} 14.40 is support so far,

[09:02] {Threei} then resistance levels:

[09:02] {Threei} today, .55

[09:02] {Threei} from daily, .60-.75 zone

[09:03] {Threei} so, the plan would be to combine regular break on intraday with aggressive entry on daily

[09:03] {ese} morning ...vad...... mags

[09:03] {Threei} by taking .55 break, stop under .40

[09:03] {Threei} ese :)

[09:04] {Threei} then if market stays strong partial out in .70 - .75 area

[09:04] {Threei} and see if we get all-out break

[09:04] {strider} would you take .55 break before open?

[09:04] {dptl} good morning

[09:05] {nemo} hello

[09:05] {Threei} I think so strider

[09:05] {Threei} dp, nemo :)

[09:06] {ese} price target on B of A $220.00 BAC

[09:06] {ese} whats that all about

[09:07] {fernp} Good morning everybody

[09:07] {Threei} fern :)

[09:07] {strider} morning all

[09:07] {Threei} strider :)

[09:07] {Threei} opening volaitlity is often a killer...

[09:08] {Threei} safer to wait it out of course

[09:08] {RonS} gm all. ese, i read: BAC 220 call on GS

[09:08] {Threei} Ron :)

[09:10] {ese} gm ron

[09:10] {dino} gm all

[09:10] {Threei} dino :)

[09:10] {ese} was reading vads post above......maybe some of the posts are not there

[09:11] {RonS} dino, playing cagc long today?

[09:11] {Threei} you mean tyhis:

[09:11] {Threei} 08:14 [GS] BofA/Merrill Lynch reiterates Buy rating, price target $220

[09:11] {Threei} ?

[09:12] {Threei} it's BAC's target for GS

[09:13] {Les} cheeky bastards BAC

[09:13] {Les} morning

[09:13] {shorty} good morning all

[09:13] {Threei} les, shorty :)

[09:13] {dino} depends ron, on screen

[09:13] {dino} stt?

[09:14] {Threei} 07:09 STT Reports Q1 $0.75 (ex charges) v $0.75e, R$2.3B v $2.2Be

[09:14] {Threei}

[09:15] {Threei} MGM, ideally it would give us nice juicy consolidation while opening volatility dies off, then break resistance and climb steady

[09:17] {dino} lol ron cagc print 33.16

[09:19] {RonS} i hate that stuff. screws up the charts.

[09:19] {lasertrev} morning

[09:19] {Threei} trev :)

[09:29] {magoo} morn trev

[09:31] {magoo} aapl 2 pt dump

[09:32] {Threei} who took premarket break on MGM, half out here

[09:32] {jfjf64} mornin

[09:32] {Threei} jf :)

[09:32] {dino} esi

[09:32] {magoo} reports after bell aapl..so careful

[09:32] {jfjf64} see i missed good day yest

[09:32] {nemo} should blow through the roof

[09:32] {dino} esi gap fill

[09:32] {magoo} nasty GS bar down

[09:34] {Threei} WFC. looking for enry on pullback

[09:34] {Threei} under .20

[09:35] {Threei} .10 break

[09:36] {magoo} GS SLAUTERED

[09:36] {Threei} stop under .05

[09:37] {ese} L nvda .20

[09:38] {nemo} rinse

[09:39] {Threei} Long Setup: MGM .75 break

[09:39] {Threei} if holding .70

[09:40] {Threei} invalidated

[09:41] {Les} aig

[09:41] {Threei} .60 break

[09:42] {Threei} if holding .55

[09:42] {nemo} aig or mgm

[09:42] {Les} aig presently .30

[09:42] {Threei} MGM of course

[09:44] {Threei} WFC, what a bounce

[09:44] {dino} esi, apol, dv

[09:44] {dino} stt lod

[09:44] {nemo} it bounced right at yesterday's close

[09:45] {dino} ferts rosey today

[09:46] {dino} titn l .50

[09:46] {shorty} STX...breakout of .30?

[09:47] {Threei} nah

[09:47] {shorty} ty

[09:47] {nemo} wfc pullback

[09:47] {dino} ioc luv

[09:50] {RonS} jef whacked off earn beat

[09:51] {Threei} Long Setup: WFC .50 break

[09:51] {Threei} stop under .40

[09:51] {magoo} in

[09:53] {magoo} out-.10

[09:53] {nemo} out +.07

[09:55] {magoo} held .40 well

[09:55] {Threei} that was support for stop placement

[09:55] {Threei} why exit beforte it's broken?

[09:55] {magoo} i reentered .45

[09:56] {magoo} no worries

[09:56] {magoo} plus i have 1k GS

[09:56] {magoo} ta,king alot of focus

[09:56] {magoo} 161

[09:56] {Threei} 1:1

[09:57] {fernp} ty Vad (good stop :-) )

[09:57] {dino} apol sm l .01

[09:58] {Threei} welcome sir

[09:58] {magoo} out WFC .63 TY +.18

[09:58] {Threei} :)

[09:58] {magoo} out GS .81 + 1.81 TY boss

[09:58] {Threei} ok... I'll take credit if you insist

[09:59] {magoo} it helps your log for public lol

[09:59] {shorty} Having issues with arca today. Not letting me buy for some reason. ISL no problem though.

[09:59] {Threei} I also waved away some of that ash cloud in case you didn't know

[09:59] {shorty} Blew a big fart Threei?

[09:59] {Threei} ok, this doesn't help the log :)

[09:59] {Les} cute shorty

[10:00] {Threei} WFC 1:2

[10:00] {shorty} Forgot, I will stop.

06[10:00] * magoo slaps shorty around a bit with a large trout

[10:00] {Threei} (EU) Reportedly airlines have moved to call on the EU for support following travel ban

[10:00] {Threei} COOL Signs partnership agreement with Martha Stewart Omnimedia (0.91, +0.07, 8.74%) (related MSO )

[10:00] {Les} aig

[10:01] {magoo} last time this volcanoe blew was 1820...but it had little to no effect on airline travel

[10:01] {Threei} SEED Ticking higher on takeover chatter circulating (9.74, +0.43, 4.62%)

[10:01] {RonS} lol

[10:03] {magoo} aapl still selling boss

[10:04] {Threei} keeping an eye on ARRY

[10:04] {Threei} to see whether it has a chance to turn into momo

[10:05] {Threei} 4.10 break may do just that

[10:06] {nemo} wfc pullback

[10:06] {nemo} in arrry

[10:07] {Les} vad, u read MOS? consolidation here for move higher?

[10:07] {fernp} stop under 4.00 , Vad?

[10:07] {Threei} yeah

[10:07] {Threei} MOS, I think so

[10:07] {Threei} stop is a bit too wide for my taste

[10:09] {Threei} ARRY bidder is for real

[10:09] {strider} at 4.05?

[10:09] {fernp} .

[10:09] {Threei} was

[10:10] {Les} yeh I had aggressive entry .06 on the back of that

[10:10] {ese} nvda stoped .09 -.11

[10:10] {jfjf64} rig

[10:11] {jfjf64} .97

[10:11] {Threei} oh well

[10:12] {jfjf64} 1/1

[10:13] {Threei} CIEN Hearing group has lowered rev guidance in relation to Nortel transaction; Lowered GM guidance at analysts day (timing uncertain) (16.76, -0.58, -3.34%)

[10:13] {shorty} wow

[10:16] {jfjf64} rig a rig

[10:17] {strider} MRK

[10:18] {jfjf64} buy mama a new pair of shoes

[10:18] {Threei} nice one jf

[10:18] {jfjf64} ty

[10:19] {jfjf64} cant deni vol

[10:20] {Les} out mos. sputtering

[10:21] {Les} might short on next bounce

[10:22] {jfjf64} nus strong nice flag pattern

[10:22] {dino} stt sm l .00

[10:24] {dino} apol out flat

[10:24] {shorty} back in a bit

[10:27] {Threei} who asked about kangaroo tail couple days ago?

[10:27] {Threei} see CIEN bottom bar?

[10:27] {Threei} this is close

[10:27] {Threei} just teo bars around it are a bit too long

[10:27] {dino} no i was asking about the hot wings

[10:27] {jfjf64} 1/4left rig

[10:27] {RonS} i heard in passing yesterday that: "Obama is going to Wall Street Thursday to sell his financial reform". Does anyone have specifics on this?

[10:28] {Threei} sorry dino, we only have sweet and sour today in menu

[10:28] {dino} none of it matters ron

[10:28] {Threei} Ron, he will speak in NY

[10:29] {Threei} and as we all know, he speaks rarely, so everyone will listen

[10:29] {Les} me asking about kangaroo tail. I see what you mean

[10:29] {RonS} timing? and dino, market will selloff when he opens his mouth, and recover when he shuts up...imo

[10:29] {Threei} timing is political

[10:29] {Threei} positioning for midterm

[10:30] {Threei} the only issue where he is likely to get a traction

[10:30] {Threei} 'I am with you, hating Wall Street fat cats"

[10:30] {dino} anymore i think he's on ignore ron

[10:30] {jfjf64} comon vad dont be a hater

[10:30] {Threei} watch for him to get confrontational in that speech, IMO

[10:32] {Threei} am not jf... I am more like:

[10:32] {Threei} what is it about socialism that no matter how many times it fails, it never loses its charm?

[10:32] {Threei} watching CIEN

[10:32] {dino} its about power

[10:33] {RonS} seems people are hard wired that they can get something for nothing

[10:33] {Les} we can all live in perfect harmony...

[10:33] {Threei} of course Les

[10:33] {fernp} SJM any read, Vad?

[10:33] {Threei} that's what wolves tell sheep just before the dinner

[10:34] {Threei} I would try it fern, but no more than half lot

[10:34] {dino} lol

[10:34] {jfjf64} grr missed my perfect setup look at hig

[10:34] {fernp} ok

[10:34] {dino} apol rinsed

[10:34] {jfjf64} 5 min .20 break

[10:34] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[10:34] {Threei} was clean setup jf...

[10:35] {jfjf64} i need scanner that brings me thatttttttttt

[10:35] {Threei} (GR) German lawmaker: Reiterates views that Greece might need more aid if the country cannot reassure markets

[10:35] {Threei} ***Reminder: On Apr 19th: ECB's Weber stated that Greece might need additional aid beyond the 30B pledged under current framework in comments made to to lawmakers . The WSJ reported that Weber Feels Greece could need approx 80B

[10:35] {Les} looking like scalping day today. MOS ain't playing ball

[10:35] {RonS} dino, cagc flagging. do you think a break play would bring much momentum?

[10:36] {dino} yes

[10:36] {dino} pulp type when going up

[10:36] {Threei} jf

[10:37] {Threei} ISCan signalled HIG JBE at 10:09

[10:37] {Threei} HIG at 10:09 AM 4/20/2010: Crossed daily highs resistance. Next resistance 28.25 from 4/12/2010.

[10:37] {jfjf64} really

[10:38] {jfjf64} need to get

[10:38] {jfjf64} last time i tried was very hard for me to get going

[10:39] {Threei} kidding?

[10:39] {Threei} 3 min procedure

[10:39] {ese} L imgn .74

[10:40] {jfjf64} i was playin around for 3 days

[10:40] {fernp} .80 break is the trigger for CIEN, Vad?

[10:40] {ese} opps .73

[10:40] {jfjf64} lol

[10:40] {Threei} not sure fern

[10:40] {fernp} wide stop, no?

[10:41] {Threei} if you are OK with just using my layout with no modifications, it won't take more than 5 mon to instrall everything

[10:41] {Threei} if you want your own modificvation, then you ned to play with it

[10:41] {Threei} yes fern... fuzzy a bit

[10:42] {Les} gs 161

[10:43] {ese} out imgn 1/2 at .84 remaining .85

[10:43] {jfjf64} sounds lk plan

[10:43] {ese} +.12 basically

[10:43] {dino} stt stopped -.26

[10:47] {dino} klic l .43

[10:47] {RonS} dino, tqnt

[10:48] {dino} may have bottomed

[10:49] {Threei} CIEN Hearing being defended at Credit Suisse (timing uncertain) (16.93, -0.41, -2.36%)

[10:53] {Les} got a read on WFC vad?

[10:53] {Threei} not beyond spelling it

[10:54] {Les} ok was thinking descending triangle to b/d with market help...

[10:55] {Threei} problem is, we have a very narrow range with no follow through

[10:56] {Les} follow through... in market or wfc?

[10:57] {jfjf64} cyh

[10:57] {Les} market I guess

[10:57] {nemo} shy'd it move jf

[10:57] {nemo} why'd it move jf?

[10:59] {jfjf64} nemo 1 minn cleanin my crystal ball

[10:59] {nemo} so, no news?

[10:59] {strider} too much information.

[10:59] {nemo} bah hah aha

[11:00] {jfjf64} imm not a news guy

[11:00] {jfjf64} price vol

[11:00] {jfjf64} thats it

[11:00] {jfjf64} keep it simply

[11:01] {strider} keep it simply what?

[11:01] {jfjf64} .42 break

[11:01] {nemo} o.k. it was earnings realted, where t's at is R3 on pivot, might be done for the day

[11:01] {dino} ron ty on cagc breakout, +.30

[11:03] {dino} ioc hod

[11:03] {Les} mos

[11:04] {RonS} ty +.50

[11:05] {jfjf64} ya with me nemo

[11:07] {Threei} ok... will market break and start its usual "up and up" routine?

[11:08] {Threei} is the question

[11:08] {dino} gj ron

[11:09] {jfjf64} 1/1 nemo

[11:09] {jfjf64} half out

[11:09] {dino} titn to .62

[11:10] {magoo} and part B vad: who is / are best bounce candidates

[11:11] {Threei} WFC is my numer uno, mags

[11:11] {Threei} number

[11:11] {dino} ioc sm l .25

[11:11] {dino} out titn +.13

[11:12] {Threei} CAT too

[11:12] {ese} wtf....keeps cutting me off

[11:13] {ese} if you all don't wanna talk to me just say so

[11:13] {dino} cisg

[11:13] {ese} L nvda .969809

[11:13] {Threei} lol ese

[11:15] {nemo} ah no, got a phone call

[11:18] {strider} GS spike

[11:18] {fernp} WFC .40 breakdown , Vad?

[11:18] {Threei} first attempt at the break is rejected

[11:19] {Threei} not by me fern

[11:19] {fernp} ok

[11:19] {Threei} unless we get some news event killing the market

[11:19] {Threei} my strategy for the day remains breakout or tight range,

[11:19] {Threei} but no breakdown

[11:20] {Threei} again, barring some suddent news development of course

[11:20] {fernp} yes, i understand

[11:20] {RonS} aig

[11:20] {Les} aig got some spunk today

[11:25] {magoo} i hate AIG..and no, didnt try it today

[11:29] {RonS} ...bad 'tude dude. aig as pulpy as a cheetoh. only time i've seen a reverse split work

[11:31] {Les} cat

[11:31] {Threei} Long Setup: CAT .05 break

[11:31] {Threei} it's a play for the market break

[11:31] {Threei} if you don't believe in it, skip it

[11:32] {strider} STOP?

[11:32] {Threei} stop under .90

[11:32] {strider} ty :)

[11:32] {Threei} probably half lot

[11:32] {dino} fdx, ups not participating

[11:34] {Threei} AIG again

[11:35] {Threei} if market starts that break and run, CAT won't be a scalp for me

[11:36] {Threei} 68.50 is not out of question

[11:38] {RonS} imax...wtf...need to keep tis on radar

[11:42] {dino} aos, algt

[11:43] {Threei} CAT held support beautifully, and is very willing

[11:43] {Threei} market help is the only lacking element so far

[11:49] {dino} out klic flat

[11:49] {Threei} see how in a clean setup lines in the sand are drawn

[11:50] {Threei} 67.90 - 68.05

[11:50] {Threei} both are tested, not broken

[11:50] {Threei} shaken, not stirred

[11:51] {Threei} US) Democratic Senate Aide: Senate will not begin debate on financial reform bill until next week

[11:52] {Threei} for odds improvement, it would be great to see this consolidation startinh making higher lows within a range

[11:52] {Threei} for instance, not lose .95 anymore while retesting .05

[11:52] {dino} aos sm l .90

[11:54] {Threei} market is breaking

[11:54] {Threei} CAT, can you follow?

[11:54] {Threei} WFC can

[11:54] {magoo} i smell a bear bar-b-q

[11:54] {Threei} me too

[11:55] {Threei} CAT invalidated for now

[11:56] {Les} wfc broke its range

[11:58] {Threei} mags, jf

[11:58] {Threei} GS 162 break

[12:02] {Threei} (EU) ECB's Weber: "Divergence" in the Euro Zone could hamper monetary policy, sees an "urgent need" to manage the exit from extraordinary policies

[12:03] {Threei} WFC relentless

[12:08] {Les} gs ain't following, what gives?

[12:09] {Threei} you want to learn all the reasons behind all the buy and sell orders?

[12:09] {Les} yes

[12:09] {dino} lol

[12:09] {Les} :Pf

[12:09] {Threei} have mercy on your brain...

[12:09] {Threei} trust me, life becomes so much easier whn you stop thinking

[12:10] {Threei} stocks start behaving, volcanos start chosing other countries to erupt in and girls start liking you much more

[12:11] {Les} hmm now that you put it like that...

[12:11] {magoo} \STEC

[12:11] {magoo} STEC

[12:12] {Threei} first GS target is between .40 and .50 for me

[12:13] {magoo} .44 the 200 vad

[12:13] {Threei} cool

[12:14] {Threei} thought of taking .30 - .35, then greed took over

[12:14] {Threei} chart is clear till 164

[12:14] {magoo} yea..me to, thought about .27, no do

[12:15] {Les} I was dreaming of $1

[12:16] {magoo} was i in it?your dream?

[12:16] {Threei} I don't want to know

[12:17] {Threei} stubborness with which it takes these huge offers is impressive

[12:17] {Threei} saw that?

[12:17] {Les} mags does gs

[12:17] {Les} sounds pornographic

[12:17] {Les} yes

[12:17] {nemo} impressive how the market decides to take off at lunch time

[12:18] {nemo} look at the cat consolidation between .80-..85

[12:18] {Threei} CAT did some other setup

[12:18] {Threei} went up but not on my terms

[12:19] {nemo} yeah, consolidated right near that hammer low and DB'd

[12:19] {Les} out +..20 hoping for reload

[12:20] {magoo} needs to take fitty now

[12:22] {Threei} told you WFC was number uno

[12:22] {Threei} did the best on this market break

[12:22] {Threei} GS went up more in absolute trems but you can't play the same size on GS

[12:27] {Threei} (GE) Germany reportedly extends airspace restriction to 0000 Wednesday

[12:27] {Threei} first portion out

[12:27] {Threei} GS

[12:27] {Threei} .46

[12:27] {Les} airline

[12:27] {Les} airlines

[12:28] {dino} that may explain ups, fdx

[12:28] {Threei} if you want to know the name of a true moder hero, it's Tumpell-Gugerell

[12:29] {Threei} (EU) ECB's Tumpell-Gugerell: Making progress in stabilizing the Euro Zone economy

[12:29] {Threei} offering next portion .90

[12:29] {magoo} .87 here

[12:29] {Threei} .86999

[12:30] {Threei} out 1/4 more .82

[12:31] {Threei} don't want to wait out that another huge offer

[12:32] {magoo} ,85 here

[12:32] {magoo} out

[12:32] {Threei} 163.30 is next target

[12:32] {dino} sm l algt .60

[12:33] {magoo} i have 1/4 left too

[12:33] {Threei} and 163.80 last

[12:33] {dino} too soon

[12:34] {Les} nice play. I stopped out flat 2nd time thinking it was finished. damn that thinking

[12:35] {Threei} told ya

[12:36] {magoo} this type stock all about getting proper entry, giving it enough wiggle room, and letting winner WIN

[12:36] {Threei} and hope Tumpell-Gugerell is opn your side

[12:37] {Les} yeh got burnt earlier friggin around with 161 entry. will let you guys guide me through

[12:37] {magoo} thats what u pay us for

[12:37] {Threei} hardly possible Les... seriously

[12:37] {Threei} this is clear case of play if you understand how,

[12:38] {Threei} there is no way to take you through this kind of play

[12:38] {Les} yeh yeh

[12:38] {Les} but your setup

[12:38] {Les} when I saw it, was what I was lacking earlier

[12:39] {Threei} this is right way to approach it

[12:39] {Les} and stupid me for not monitoring the trade closely. bounced of vwap before pushing higher

[12:39] {Threei} it's like mosaic

[12:39] {Threei} create your trade from many pieces

[12:39] {Threei} one of which can be our comments

[12:40] {Threei} but there is a good reason for me simpl;y saying "mags, jf, GS" insteade of traditional way to alert

[12:40] {Les} out AOS +.25 ty dino

[12:41] {Les} sure vad, but will continue to paper trade it, even when moving over to laser

[12:41] {Les} valuable skill to learn IMO - momo

[12:41] {Les} and these fast movers

[12:42] {dino} algt stopped

[12:49] {Threei} too bad last piece of GS didn't get there

[12:49] {magoo} yea, out

[12:56] {Les} cat 68 again

[12:58] {Threei} pure joy:

[12:58] {Threei} * KSystems_ was kicked by ChanServ

[12:58] {Threei} eternal circle of life... KSystems creates ChanServ... ChanServe kicks KSystsems out..

[13:00] {dino} algt perhaps db

[13:02] {Threei} lol... CNN guy said "pesky volcanic erruption"

[13:02] {Threei} he would fit in our room

[13:04] {dino} cagc animal

[13:17] {magoo} where u like gs vad

[13:17] {magoo} sigh

[13:18] {Threei} pretty random for now

[13:20] {Threei} don't sigh mags

[13:20] {Threei} you really have no reason to

[13:20] {Threei} no stock is readable all the time

[13:21] {Threei} it's not about catching every move

[13:21] {Threei} it's about catching the moment when you can read the move

[13:21] {dino} algt capit

[13:22] {Threei} and you must admit, last few days I did what I rarely do, accomodating your love to extreme movers :)

[13:24] {magoo} YES U DID! and you were smiling too

[13:24] {Threei} rather smirking

[13:24] {Threei} but that's because smile doesn't come naturally to me

[13:24] {Threei} I almost feel like my face is cracking

[13:25] {Threei} muscles that never work suddenly get involved

[13:26] {shorty} c/h on CIEN?

[13:26] {Threei} I don't see it

[13:27] {Threei} why didn't I like IMAX .60 break...

[13:33] {magoo} gun to vads head...i think aapl gets 25 points DOWN after earnings tonite

[13:34] {Les} vad's head is pretty valuable, does it have to be his?

[13:34] {magoo} well, not mine, any suggestions??

[13:34] {nemo} o.k. shotgun to les's head then

[13:34] {Les} ok, vad it is

[13:34] {Les} oh get back in your box nemo

[13:34] {Threei} sigh

[13:35] {nemo} yeah that was beneath me...much to easy

[13:35] {magoo} your not one too stand in front of a lynch mob are u les lol

[13:35] {Threei} not without machine gun at least

[13:36] {nemo} you want a bar or a saw...you can get flanked with those tripod mount jobs

[13:36] {Threei} saw... too messy

[13:36] {Les} bunch of rambos

[13:36] {Threei} and have to let them too close

[13:37] {nemo} Squad Automatic Rifle

[13:37] {nemo} usually in 556 nato

[13:37] {Les} "minimi" in our parlance

[13:38] {Les} http://en.wikipedia.org/wiki/FN_Minimi

[13:38] {nemo} carrying a mini, no there's a chore

[13:39] {Les} the last year of service of the following gun in my army, I was infantry recruit...

[13:40] {Les} http://en.wikipedia.org/wiki/MAG_58

[13:40] {Les} son of a bitch to carry, but when you let rip....booyah

[13:41] {Les} minimi was plastic toy by comparison

[13:41] {nemo} 7.62 is alot of lead

[13:42] {RonS} jef getting shot

[13:43] {RonS} will gs crack 160?

[13:45] {Threei} anyone's guess Ron

[13:45] {Les} I was lucky nemo, went through as transition was occuring from 7.62 to 5.56. got to see two generations of firearm

[13:45] {Threei} (US) US Senators Grassley and Conrad have reportedly introduced more legislation for tax credits for ethanol

[13:45] {Threei} - follow up: hearing Lazard has made positive comments in ethanol names follwing the recent report

[13:45] {nemo} now US going to 6.8

[13:47] {Les} ?

[13:47] {RonS} ...adm must want the price of corn up

[13:48] {Les} USG 20 b/d?

[13:49] {RonS} syk at 52 week high before earnings this pm

[13:51] {RonS} check the 6 mo daily on CREE. 9.5 mil sh short, 15% of float and reports ah

[13:52] {Threei} no read Les

[13:52] {magoo} cree reports after bell

[13:52] {Les} ok

[13:52] {Threei} US) Fed's Plosser: In support of ending emergency powers; current regulatory proposals risk politicizing the Federal Reserve

[13:53] {RonS} lol...like the Fed has never been a political entity

[13:54] {Threei} got a great illustration to that Ron

[13:54] {Threei} gimme a few to find it

[13:55] {Threei} here it is

[13:55] {Threei} notice the name of the image

[13:55] {Threei} http://realitytrader.com/vad/Crime%20of%20the%20Century.jpg

[13:56] {RonS} meaning, you shot that?

[13:56] {Threei} I wish

[13:58] {Threei} and the result of that crime:

[13:58] {Threei} http://realitytrader.com/vad/image001.jpg

[13:59] {Les} what medal is that?

[14:00] {RonS} yep

[14:00] {Threei} ARIA Presents Preclinical Data on Its Investigational ALK Inhibitor, AP26113, Demonstrating That It Can Overcome Mutation-Based Drug Resistance in Cancer Models (3.83, +0.09, 2.41%)

[14:01] {RonS} Presidential Medal of Freedom

[14:01] {Threei} Presidential Medal of Freedom, the highest civilian award in the United States

[14:01] {Les} freedom...lol

[14:02] {RonS} http://en.wikipedia.org/wiki/Presidential_Medal_of_Freedom

[14:02] {Threei} that award took place on November 9, 2005

[14:02] {Threei} couldn't they wait 3 more years?

[14:02] {Les} delicious, just as the bubble is about to burst

[14:02] {Threei} what irony eh

[14:03] {Threei} actually his whole life is full of such

[14:03] {Threei} can you believe he was one of the closest allies of Ayn Rand

[14:03] {Threei} her favorite student

[14:03] {Les} still haven't read this character yet, but yes I remember this fact

[14:04] {Threei} CYCC Oncology Targeted Pipeline Highlighted in Six Presentations at AACR conf

[14:04] {Threei} - CEO: "Among the six abstracts, we are pleased to have data presented for the first time with regar... (2.72, -0.04, -1.45%) more...

[14:05] {Threei} IMMU New Blood Test for Detecting Early Stage Pancreatic Cancer Correlates With Response to Clivatuzumab Tetraxetan Treatment

[14:05] {Threei} 100% with a 68% Specificity... (3.75, +0.03, 0.81%) more...

[14:05] {RonS} wfc battle going on...

[14:05] {Threei} EU) ECB's Weber clarifies earlier reports; claims never told lawmakers Greece would need 80B

[14:07] {RonS} ???...100% w/ 68% specificity?

[14:07] {RonS} i thought humans only had one pancreas

[14:07] {Threei} claims that the figures were based on a false interpretation of what he said

[14:07] {Threei} - Reminder: On Apr 19th: ECB's Weber stated that Greece might need additional aid beyond the 30B pledged under current framework in comments made to to lawmakers . The WSJ reported that Weber Feels Greece could need approx 80B

[14:08] {nemo} usually, but pancreatic cells can break off and create multiple secondary pancreases

[14:08] {Threei} you sure you want full text Ron?

[14:08] {RonS} really? is that a joke?...why do i sound like Les?

[14:08] {Threei} 'cause I can post it... but I bet no one will be able to read it all

[14:09] {RonS} ...no. just an exec brief...:D

[14:09] {Les} piss of Ron

[14:09] {Les} off

[14:09] {Les} :)

[14:10] {RonS} lol

[14:11] {Les} MS close to 30 b/d. a little consolidation....

[14:24] {Threei} mags

[14:24] {Threei} GS

[14:24] {Threei} 161 break

[14:24] {Threei} sto .85

[14:24] {Threei} just a scalp most likely

[14:26] {Threei} same setup again

[14:28] {Threei} not this time

[14:40] {Threei} Long Setup: WFC .55 if holding above .50

[14:42] {nemo} is this a 05 hunt, that was a helluva volume on that rop

[14:42] {Threei} .50 cross is questionable

[14:42] {Les} gs again?

[14:43] {Threei} after one more drop, maybe

[14:43] {Threei} GS, most likely

[14:43] {Threei} (CA) Canada Fin Min: Aiming to create an 'alternative' for the financial transaction tax

[14:46] {dino} ugh

[14:48] {Threei} VXX new 52 week low

[14:48] {Threei} unfrikinbelieavble

[14:48] {Threei} but pleasant

[14:48] {Threei} TIVO...

[14:48] {Threei} I wish market was more active

[14:48] {Threei} this one is a nice climb candidate

[14:48] {Threei} look at daily

[14:48] {shorty} slow climb up

[14:49] {magoo} appl launch

[14:50] {magoo} hit that GS vad.99 -.29

[14:51] {Threei} cool beans

[14:51] {Les} yeh out +.24

[14:51] {Les} still, hard to learn to wait out the pullbacks and save many a stop...

[14:54] {dino} c reverse split talk

[15:00] {fernp} QQQQ if breaks .85, Vad?

[15:00] {Threei} I think so

[15:01] {fernp} ty

[15:01] {fernp} .78 valid stop?

[15:02] {Threei} just under .80, yes

[15:04] {shorty} Threei, did ARRY go momo today? I see it on the chart that it climbed fast, but I was away.

[15:04] {Threei} no

[15:11] {shorty} ZION break?

[15:11] {shorty} never mind

[15:17] {magoo} vad, lets watch GS

[15:17] {Threei} I do

[15:17] {Threei} I juist don't see anything yet

[15:20] {fernp} no go QQQQ

[15:33] {Les} Schwab paying $200M to settle issues with investors who lost in mortgage backed fund

[15:33] {Les} Chucks daily chart is interesting

[15:37] {magoo} gs crazy spike

[15:39] {dptl} good evening all....see ya tomorrow

[15:39] {shorty} bye dptl

[15:39] {RonS} cya dp

[15:40] {dino} cagc hod

[15:41] {RonS} nuts

[15:41] {magoo} surrender

[15:41] {magoo} nuts

[15:41] {dino} sjt drop

[15:41] {Threei} take care dp

[15:42] {dino} too fast

[15:42] {dino} cya dppppppppp

[15:42] {shorty} good night all. See you tomorrow, a demain.

[15:42] {magoo} c u both

[15:42] {dino} damn dial-up

[15:42] {Les} oui oui ciao

[15:42] {dino} cya shortster

[15:42] {magoo} shorty WAIITTTTTTTTTTT

[15:42] {Les} duck

[15:42] {shorty} POW, right in the kisser

06[15:42] * magoo slaps shorty around a bit with a large trout

[15:43] {shorty} lol, thanks

[15:44] {Threei} lol

[15:44] {Threei} take care shorty

[15:49] {Threei} whole afternoon is marked by lack of movement

[15:49] {Threei} as it was a pattern for a long while

[15:49] {Threei} changed lately, but today it's back

[15:54] {Threei} so, who we have today

[15:54] {Threei} AAPL

[15:54] {Threei} ALTR

[15:54] {Threei} JNPR

[15:55] {Threei} YHOO

[15:55] {Threei} GILD

[15:55] {RonS} vmw

[15:56] {RonS} a.m. wfc

[15:57] {magoo} im not playing afterhours

[15:57] {nemo} apppl dropping

[15:59] {magoo} tired..im up...im out

[15:59] {Threei} thank yo all

[15:59] {Threei} have a good evening, see you tomorrow

[16:00] {Les} you gonna have a crack at after hour specials?

[16:00] {jfjf64} good night all

[16:00] {Threei} CSIQ Guides Q1 shipments 189MW to 191MW (21.33, +0.40, 1.91%)

[16:00] {fernp} Good evening everybody. See u all tomorrow

[16:01] {RonS} cya fern

[16:01] {Threei} CSIQ Halted: news disseminated (21.33, +0.40, 1.91%)

[16:02] {Threei} CREE Reports Q3 $0.47 v $0.44e, R$234M v $224Me

[16:02] {RonS} getting smacked

[16:02] {Threei} Guides Q4 $0.48-0.51 v $0.47e, R$255-265M v $242Me

[16:03] {Threei} MSFT To make significant announcement related to SQL server

[16:05] {Threei} YHOO Reports Q1 $0.22 v $0.09e, R$1.6B (unclear if comparable) v $1.2Be

[16:05] {Threei} JNPR Reports Q1 $0.27 v $0.26e, R$913M v $906Me

[16:05] {Threei} GILD Reports Q1 $0.99 v $0.96e, R$2.1B v $2.1Be

[16:07] {Les} tried catching cree on 75 rebound but way to fast for me. c u's tomorrow$

[16:11] {RonS} msft call scheduled for 7:30 pdt in the morning...weird

[16:15] {RonS} stx reported...beat and trading up

Apr 19 2010

Very strong day, with longs on GS (for +$1), WFC (+.20 and .25), LVS (+.20), AIG, shorts on PALM and JPM... couple small stops didn't even make a dent. Congratulations to our gutsiest trader who hit over $3 run on GS on decent size.

Session Time: Mon Apr 19 00:00:00 2010

[02:40] {KSystems} Guten Morgen!

[08:22] {Threei} Goldman Sachs [GS] commented that the security probe had no broader ramifications for CDOs markets and reiterated that the SEC allegations were "completely unfounded". It did note that the SEC investigation focused on a single 2007 transaction and that SEC had been examining CDO market for the past 18 months

[08:23] {Threei} German Econ Min Bruederle commented that the Iceland volcanic ash crisis was threatening Germany's economic recovery

[08:25] {Les} *DING DONG* - delivery! 1 strong coffee for Vad Graifer

[08:25] {Threei} how do you know?

[08:26] {Threei} I need to check my office for bugs... coffemaker bleeped the same second you said hat

[08:28] {Les} I know I'd be killing for coffee at that time of the day

[08:32] {Threei} well... yeah... but coincidence was almost spooky :)

[08:33] {Threei} GS Paulson's Pelligrini told investigators that the deal being probed by SEC is the only customized CDO deal Paulson conducted with Goldman Sachs - CNBC (160.70, 0.00, 0.00%)

[08:33] {Les} no, no remotely operated cameras here. However, if you were sixteen and blond....

[08:34] {Les} oops, did I just say that?

[08:34] {Threei} interesting that you don't make gender distinction

[08:34] {Les} touché

[08:36] {Threei} IMMU Develops Novel Immunoconjugate for Targeted Delivery of siRNAs to Solid Cancers

[08:38] {fernp} Good morning everybody

[08:38] {Les} doctors appt. back after opening. no big gains please till I get back

[08:39] {Threei} fern :)

[08:52] {Threei} (FR) France official: Global economic recovery increases risks to imbalances

[08:52] {Threei} - G20 nations have to review strategies in order to tackle imbalances

[08:52] {Threei} - The economic impact of Basel 3 and of any tax on banks needs to be studied

[09:03] {ese} morning

[09:04] {Threei} ese :)

[09:05] {dptl} good morning

[09:05] {Threei} dp :)

[09:07] {nemo} gm

[09:08] {Threei} nemo :)

[09:11] {dino} gm all

[09:11] {Threei} dino :)

[09:13] {ese} HSIC dn $51......think that might qualify as a capitulation

[09:13] {RonS} gm gents

[09:14] {Threei} Ron :)

[09:14] {ese} ron

[09:14] {Threei} lol, what kind of fluke is hat

[09:15] {Threei} Sunday, April 18, 2010 9:44:11 PM

[09:15] {Threei} Henry Schein, Inc. Signed a 5-yr distribution agreement with Maayan Ventures' Redent Nova unit (Update)

[09:15] {Threei} - The agreement relates to Redent Nova's dental products.

[09:15] {Threei} that's last news on it

[09:15] {Threei} there are bids at 57 and 58.50

[09:15] {ese} someone is about to make alot of money......looks like its quoting bac up again58.50 by 60.86

[09:15] {dino} bad print

[09:16] {Threei} I'd assume 9 is erroneous prints and will be canceled

[09:16] {dino} 57-63.24 here

[09:16] {Threei} yes if you go by whole lots, and there are 50 share lots inbetween

[09:17] {Threei} 80 shares ask 60.86

[09:20] {Threei} doesn't whole volcanic ash debacle make you think how narrow the band of conditions we survive in is

[09:22] {lasertrev} morning

[09:22] {Threei} it's like the conditions allowing us to live on this planet are just a fluke - very thin, rarity in planet's history and can be taken away at the slightest caprice

[09:22] {Threei} trev :)

[09:23] {Threei} I don't think we need to worry about killing the planet - it will kill us much sooner tyhan we will be able to cause any noticeable damage to it {G}

[09:23] {shorty} good morning all

[09:23] {Threei} shorty :)

[09:23] {nemo} that's always been my point

[09:24] {nemo} 99% of all species that have ever existed are now extinct

[09:26] {ese} banks should theoretically take a beating today.......one of them is being investigated for fraud isn't it? can't remember which one

[09:26] {dino} gs

[09:27] {Threei} dino :)

[09:27] {Threei} lol ese

[09:27] {ese} ahhhhhhhh

[09:27] {Threei} not one of them - The One

[09:28] {Threei} skipping first minutes

[09:28] {Threei} want to see what transpires

[09:30] {RonS} China down big overnight on prop bubble prick

[09:30] {RonS} that would be the story w/o gs and the vol

[09:30] {Threei} yeah, tripple whammy

[09:30] {Threei} GS, China RE and Europe airlines

[09:31] {Threei} if you ask me, it's quite amazing we are down 18 points

[09:33] {ese} only 18......i was thinking huge opening to the dn side this morning

[09:33] {Threei} let's start thinking long on pullback

[09:34] {Threei} WFC, near .50 - .60

[09:34] {dino} dji -5, but most i follow off 1+

[09:34] {Threei} BAC, around 18.10

[09:35] {Threei} we are green ese

[09:35] {Threei} believe it or not

[09:35] {nemo} maybe they think it'll just be a slap on the writ

[09:36] {nemo} wrist

[09:36] {Threei} or not even that - accusations are to be proven yet

[09:37] {ese} weird........man what can you trust vad....sheesh

[09:37] {Threei} OK, pullbacks start

[09:37] {dino} ctsh sm l .75

[09:37] {Threei} you can understand my hesitance to buy breaks this morning

[09:38] {Threei} they didn't work even on Friday morning, before all this hoopla

[09:38] {Threei} after this spike though targets are probably a bit higher for entry

[09:38] {Threei} BAC around .20 - .25

[09:39] {Threei} WFC .60 - .65

[09:39] {Threei} but let's nopt go off pure numbers

[09:39] {Threei} let them get there, then establish firm bottom and narrow range

[09:40] {Threei} one ore sharp leg please

[09:40] {dino} pot 106

[09:41] {dino} ferts stinking again

[09:41] {nemo} reminds me of driving through the german countryside when farmers were spreading "liquified" manure

[09:43] {fernp} C, Vad?

[09:43] {Threei} should be scalpable off .70

[09:43] {Threei} most likely from just under

[09:43] {fernp} ok

[09:43] {Threei} I still have hard tome trusting breakouts

[09:44] {Threei} one more thing, btw

[09:44] {Threei} m aterials may be safer plays than banks today,

[09:44] {Threei} FCX for instance

[09:44] {Threei} looks half lot short

[09:44] {Threei} 80 break

[09:45] {Threei} if stays under .20

[09:48] {Threei} nope

[09:50] {Threei} ARBA lkooks salmonish

[09:50] {dino} all green

[09:51] {nemo} yeah, the financials are taking back what they lost on Friday...figure it's paper tiger talk

[09:51] {Threei} political don and pony show

[09:52] {Threei} wow ARBA

[09:53] {Threei} Long Setup: WFC 33 break

[09:53] {Threei} if stays above .95

[09:54] {Threei} out half

[09:54] {shorty} Out...ty Threei

[09:54] {Threei} scalpers just be happy

[09:55] {shorty} very happy right now

[09:55] {Threei} who partialled, 1/4 more out here

[09:55] {Threei} and offer last piece around .30

[09:55] {dino} ctsh to .15

[09:56] {Threei} GS dropping

[09:56] {dino} out ctsh +.40

[09:56] {shorty} nice dino

[09:56] {dino} ty

[09:57] {Threei} GS 160 break should help WFC for the last target

[09:57] {shorty} I sold all my 300 shares at .11, I bought at 33

[09:58] {Threei} sto b/e still

[09:58] {Threei} stop

[10:00] {Threei} US MAR LEADING INDICATORS: 1.4% V 1.1%E

[10:02] {shorty} LVS had a good run so far

[10:02] {Threei} stop to under .10 WFC

[10:03] {nemo} got that slow grind up day feel

[10:03] {Threei} LEN

[10:03] {Threei} LEN Hearing BofA/Merrill Lynch added to US 1 List (timing uncertain) (20.52, +0.13, 0.64%)

[10:04] {Les} awiav?

[10:04] {Threei} done with WFC for now

[10:04] {shorty} That was fun

[10:04] {Les} nice comeback for spy

[10:06] {Threei} getting pullbacks finally

[10:06] {Threei} hunt's back on,

[10:06] {Threei} BAC, around 18.30

[10:09] {Threei} underestimating strength eh?

[10:10] {Les} bouncing between 50 & 200 just now

[10:12] {dino} titn l .25

[10:14] {Threei} Short Setup: BAC .55 break if holding under .60

[10:14] {Threei} and opposite if market spikes

[10:14] {dino} xrtx l .00

[10:15] {Threei} in aggressively .58

[10:15] {Threei} stop under .55

[10:16] {nemo} thought it was a short?

[10:16] {Threei} [10:14] {Threei} and opposite if market spikes

[10:16] {Threei} two sided setup

[10:17] {RonS} cycc hod, big vol today

[10:17] {Threei} still sleeping nemo?

[10:18] {fernp} stopped BAC

[10:20] {Les} wfc for new hod b/o?

[10:21] {Threei} I doubt it

[10:22] {Les} aig

[10:23] {Les} pmi hod b(/o?

[10:23] {magoo} morn

[10:23] {Threei} mags

[10:23] {Threei} AIG did it traditional out of nowhere spike

[10:24] {Threei} PMI, I'd prefer entry on pullback to about .25

[10:24] {ese} have a look at the vrsn daily chart.......that thing is just cruisin to break through 27

[10:24] {Threei} breakout is toughie

[10:24] {Les} ahh ok

[10:25] {Threei} true ese

[10:27] {Threei} IMMU Hearing speculation circulating that FDA could grant fast track status to IMMU's Lupus drug (3.75, +0.15, 4.17%)

[10:27] {Les} http://uploads.mibbit.com/S8xbUp.gif

[10:27] {Les} is this what you call a flag?

[10:28] {Threei} rather triangle

[10:28] {Les} indicative of a break in any direction?

[10:29] {Threei} not really

[10:29] {Les} ok ty

[10:30] {ese} what egg zactally is fast track status anyway......

[10:30] {ese} some sort of priority over other products

[10:32] {Les} Dino, you got a take on MMR?

[10:33] {shorty} Would you play short WFC break of 33?

[10:33] {Threei} expedient FDA procedure due to importance of the drug in question

[10:34] {Threei} not really shorty

[10:34] {RonS} McMoRan Drops as Q1 Loss Widens, Natural Gas Production Outlook Cut Back

[10:34] {ese} well it seems to me that alchohol fits the same bill

[10:34] {Les} ty Ron

[10:35] {ese} rushing a new bear to market is a great idea

[10:35] {ese} beer

[10:35] {shorty} I second that ese

[10:37] {ese} Hey LES!!!!!!!!!!! theres a fellow in Como at the top of the mountain at the gondola station that brews his beer from mountain snow......smooth man real smooth

[10:37] {shorty} I will take a break and take the kids to the zoo. Finally a gorgeous day in cowtown. Will see you guys this afternoon.

[10:38] {ese} see ya shorty

[10:38] {Les} You made good use of your time in Italy I see ese :)

[10:38] {RonS} is that why beer is yellow?

[10:38] {ese} ahhhhh hmmmmm good question

[10:38] {dino} titn out fLAT

[10:38] {Les} s wfc .98. sorry, ese's beer call distracted me

[10:39] {Threei} MMR Exec: Expect delay of up to one to one and a half years on Davy Jones well - conf call comments

[10:40] {ese} ok all lets go Long Sleemans "Honey Cream Ale"

[10:40] {Les} half out .88

[10:40] {Les} spy

[10:45] {Les} l abk .01

[10:46] {Threei} LVS

[10:46] {Threei} quick pullback closer to 23 for entry

[10:46] {Les} cover wfc +.04

[10:48] {fernp} YGE valid, Vad?

[10:48] {Threei} yes

[10:48] {Threei} nice looking one

[10:48] {Threei} with market help can even be capable of more than scalp

[10:49] {fernp} ty

[10:52] {Threei} LVS pulled back, now need market bounce top try and grab it

[10:52] {RonS} .ndx lod

[10:56] {Threei} US) Fed's Evans: Accomodative policy will remain for quite some time, not seeing much inflation pressure

[10:57] {Threei} YGE works nicely fern

[10:57] {Threei} SQNM Hearing Cantor Fitzgerald makes positive comments (timing uncertain)

[10:57] {fernp} yes, ty Vad

[10:59] {Threei} SQNM nice reaction

[10:59] {dino} mos db maybe

[11:01] {Threei} PRAN New Analysis of Phase 2a Clinical Trial Is Published in the Journal of Alzheimer's Disease

[11:04] {Threei} BKS Reportedly to provide an update of Nook e-book reader software this week

[11:04] {Threei} - update will include web browser and allow for gaming on the Nook.

[11:05] {Les} stopped abk

[11:07] {Threei} PALM Radio Shack stores are not selling Palm smartphones anymore - Sillicon Alley Insider (5.04, -0.55, -9.84%) (related RSH AAPL VZ S DT )

[11:08] {magoo} read AIG here vad?

[11:09] {Threei} not ready for another spike yet, I feel

[11:10] {Les} PALM break of 5 vad?

[11:10] {Threei} most likely, yes

[11:10] {Threei} I'd love to see small bounce first

[11:11] {Threei} to reinforce 5.05 resistance

[11:11] {Threei} or 5.10

[11:11] {Les} ok

[11:11] {Threei} whatever it is, would be nice to see it holding, then breaking support

[11:12] {Les} not shortable

[11:12] {Threei} it is here

[11:12] {Les} you know the routine. 10k on my account please

[11:12] {Les} nice b/d

[11:13] {Les} beautiful breakdown

[11:13] {Threei} very

[11:15] {Les} half out yge +.05 ty fern

[11:15] {fernp} :-)

[11:17] {magoo} FCX bounce time vad??

[11:17] {Threei} I think market is almost ready

[11:17] {Threei} and everything with it

[11:17] {Threei} FCX, LVS

[11:18] {Threei} WFC

[11:18] {Threei} WFC is .80 break trigger

[11:18] {Threei} LVS .75 break

[11:19] {Threei} FCX ,80 break

[11:22] {Threei} with this pullback, aggressive entries become preferrable

[11:22] {Threei} watch for market turn up

[11:23] {Threei} LVS will be .65 break if holdiong .60

[11:23] {Threei} FCX .80 break

[11:24] {Threei} ok market

[11:24] {Threei} time for stunning comeback

[11:24] {Threei} here we go

[11:25] {Threei} come on, you can do more

[11:27] {nemo} stop

[11:27] {Threei} ugh

[11:27] {Threei} totally looked like explosion

[11:27] {fernp} stopped LVS

[11:28] {Les} aig 39

[11:28] {nemo} market is changing

[11:29] {Threei} LVS rinse

[11:29] {fernp} yes

[11:30] {Threei} grrr

[11:32] {Les} aig 1:2

[11:32] {Les} out +.13

[11:33] {Threei} wtg

[11:33] {Les} big concentration of resistance here aig. could rocket following .20/.25

[11:34] {fernp} JPM , Vad?

[11:35] {Threei} one of weaker ones

[11:35] {Threei} I am not delighted

[11:35] {Threei} market turns up, so don't want to short it

[11:35] {Threei} and don't like long on a weak stock

[11:36] {Threei} GE) German Econ Min: There is no guarantee that airlines will receive subsidies for losses related to Iceland volcano ash cloud; need to loosen restriction on nighttime flying and weekend trucking to offset impact

[11:36] {Threei} - European transport ministers to hold videoconference at 1600GMT to discuss trucking rules.

[11:36] {Threei} - May take two weeks to cover air traffic schedules following cancellations.

[11:36] {Threei} getting whacked, JPM

[11:37] {fernp} out JPM +.17

[11:37] {Threei} shorted breakdown?

[11:37] {fernp} 45.04

[11:37] {Les} haha EU wants to sue Iceland now for volcano damage??

[11:38] {Threei} hmm?

[11:38] {nemo} that's too funny

[11:38] {Threei} where do you see that?

[11:38] {nemo} his head

[11:39] {Les} just playing with subsidy talk from German min.

[11:39] {Les} I know England is pissed with Iceland

[11:39] {Threei} oh, ok... I was hoping for the best joke of the year

[11:40] {Les} lol that would be too much

[11:41] {Threei} well, one of better jokes over the weekend was Iceland answering "when is your volcano going to stop erupting?" with

[11:41] {Threei} "well... is our debt forgiven/"

[11:42] {Les} hehehe

[11:45] {Threei} reversal attempt didn't succeed, more downside in order

[11:46] {Threei} Short Setup: JPM .80 break

[11:46] {Threei} if stays under .85 for scalpers, .90 for day traders

[11:49] {Threei} C Exec: Right now everyone is waiting for clarity on what capital requirements will be before deterimining when to reinstate dividends - conf call Q&A

[11:50] {Threei} 1:1 for day traders JPM

[11:52] {RonS} dino, ferts going natural

[11:53] {Les} someone abandoned MOS to the wolves

[11:54] {RonS} ...looks like a h&s breakdown, check the daily

[11:55] {Les} something like that. b/d from 56 nice

[11:56] {dino} brutal couple weeks for them

[11:59] {dino} bucy blood

[12:00] {Threei} need to see how end of dasy works of course, but so far, the selling is fairly contyrolled,

[12:00] {Threei} no panic, no get-me-out-now

[12:00] {ese} would agree with that sentiment

[12:01] {RonS} 1180 break would bring some panic. i have 1181 as downside target from the first hour range

[12:02] {dino} dji not meaningful, ndx, s/p more realistic

[12:02] {dino} resource plays seem to be getting clocked.

[12:02] {ese} I think that is the S&P dino

[12:05] {Threei} but DJI provides much better numbers for 11K parties

[12:06] {Threei} we may have a few of them on daily basis, as market dances around these levels

[12:08] {Threei} EU) ECB's Weber: Greece may need additional aid

[12:08] {Threei} lol

[12:09] {Les} who did they get aid from? I thought they'd manage to raise capital from the markets?

[12:10] {Threei} no they didn't

[12:10] {Les} oh

[12:10] {Threei} bond sales in USA failed, and market borrow rates were wy too high for them

[12:11] {Les} crap, and there is the fate of all European nations that need to borrow. UK, Spain etc

[12:11] {Threei} Portugal, Italy and Spain and major focus now

[12:11] {Les} Vad you got a read on MOS here?

[12:11] {Les} can't tell b/d or long entry on pullback

[12:11] {Threei} I still think short

[12:12] {Threei} 52

[12:12] {Threei} just would like better pronounced resistance level

[12:13] {Threei} no bounce

[12:13] {Threei} if you went for it, keep stop above .15

[12:13] {Les} s .99 small shares

[12:13] {Les} looking to cover .75

[12:14] {Threei} not greatly outlined resistance, I like better defined charts

[12:14] {Les} agreed

[12:14] {Threei} but with market this weak, we are not getting bounces good enough to form those

[12:15] {Threei} don't like this long hesitance... break of major support should produce better falls

[12:16] {Threei} tighten stop to above .10 IMO

[12:16] {Les} k

[12:16] {Threei} no need to get caught into vicious snapback

[12:16] {Les} out. don't like it

[12:17] {Les} and gotta do dinner

[12:17] {Threei} lol... you europians

[12:17] {Threei} doesn't concern you fern, you we like

[12:19] {fernp} nah, not too much

[12:19] {Threei} I meant you personally

[12:19] {Threei} is it bounce time for the market or not yet

[12:20] {Threei} we need little pullback, no new low,

[12:20] {Threei} then break of the high of this bounce

[12:20] {fernp} Spain is on the brink

[12:20] {dino} ctrp sm l .50

[12:20] {Threei} I know... together with Italy and Portugal

[12:21] {fernp} unemployment

[12:21] {fernp} is very high

[12:21] {Threei} let's keep LVS as bounce candidate

[12:21] {dino} ctsh sm l .45

[12:21] {Threei} and WFC

[12:22] {Threei} Long Setup: WFC .50 break

[12:22] {Threei} low of this pullback will be stop level

[12:22] {Threei} loss of .40 will invalidate setup

[12:24] {magoo} AIG vad, bounce??

[12:24] {dino} bucy sm l .50 ave

[12:24] {Threei} not sure mags

[12:24] {Threei} 50/50

[12:25] {Threei} if holding .50 and bounces, will be rather big

[12:25] {Threei} but I don't see easy trigger

[12:25] {Threei} maybe .60

[12:25] {Threei} stop is tight enough

[12:26] {Threei} setups are a little bit like jellyfish today

[12:26] {Threei} no clarity

[12:27] {Les} and nasty sting if mishandled

[12:28] {Threei} nah, just keep the stop... we don't touch those with too wide stops anyway

[12:29] {Threei} WFC is one of the better setups... cleanly defined trigger, tight stop and nice absence of overhead for about 15 cents at least

[12:29] {Threei} just need market cooperation

[12:30] {Threei} see how willing it is?

[12:30] {Threei} (US) Obama Administration to hold first meeting of debt reduction commission on 4/27

[12:30] {Threei} - Fed's Bernanke to testify before the committee

[12:31] {Threei} AIG invalidated

[12:31] {Threei} LVS moved more or less, but I never found clear entry

[12:35] {dino} out ctrp .00, +.50

[12:36] {dino} xrtx gap filled from march

[12:38] {Threei} mags

[12:38] {magoo} yes?

[12:38] {Threei} you may want to start hunting GS

[12:38] {Threei} that's your personal alert

[12:38] {Threei} and maybe jf

[12:38] {dino} ironically the ndx is taking the biggest hit -2.5% from thursday highs

[12:38] {Threei} the rest just stay away

[12:39] {Threei} this is not an alert for sane traders

[12:39] {Threei} WFC, half out

[12:39] {Threei} or take scalp

[12:39] {Threei} your choice

[12:39] {dino} dji rally

[12:39] {Les} out ty and in gs

[12:39] {Threei} I thought you went to cook dinner?

[12:40] {Les} sssh don't tell anyone

[12:40] {Threei} or you had to make some dough first? {G}

[12:40] {Threei} hey, that was not a bad pun... as far as bad puns go

[12:41] {Threei} sigh... not even mercy laugh... I don't like any of you

[12:41] {Threei} where is larisa

[12:41] {Les} sorry wasn't biting

[12:42] {Threei} she wouldn't laugh either but her I like nonetheless

[12:44] {Threei} first partial out GS

[12:44] {Threei} +.50

[12:44] {Les} out GS +.28

[12:44] {Threei} WFC well over 1:2

[12:44] {Threei} 1/4 more out

[12:45] {Threei} notice that with exception of Friday when almost every stock we touched turned into turd, WFC is our most reliable performer of late

[12:45] {Threei} offer 1/4 more GS here

[12:46] {Threei} out .75

[12:46] {Threei} +.85

[12:46] {Threei} mags? jf?

[12:46] {magoo} out nice call ty

[12:46] {Threei} :)

[12:46] {magoo} perfect really

[12:46] {Threei} no specific entry but that was not a call for anyone else

[12:47] {Threei} only for those who have a feel for this kind of movers

06[12:47] * Threei slaps jfjf64 around a bit with a large roll of cash

[12:47] {magoo} magoo runs

[12:47] {Threei} WFC stop for the last portion to under .60

[12:47] {Threei} where do think you are going?

06[12:47] * Threei slaps magoo around a bit with a large roll of cash

[12:47] {dino} out bucy .20, +.70

[12:49] {Threei} out last piece WFC .76

[12:49] {Threei} +.25

[12:49] {fernp} gj Vad

[12:49] {Threei} ty kind sir

[12:50] {Threei} getting bad in the groove after miserable Fri

[12:50] {Threei} back

[12:50] {Threei} last piece of GS, stop under 159 for now

[12:51] {dino} gj

[12:51] {Threei} had full dollar on it but also had other plans for it

[12:51] {Threei} ty dino

[12:51] {Threei} want to try and let it run

[12:51] {Threei} no risk, playing with house money

[12:51] {Threei} stop abput breakeven or profit about two bucks

[12:52] {Threei} look at intraday

[12:52] {Threei} does it have a look of returning to day high if market helps any?

[12:56] {Les} y

[12:59] {Threei} out

[13:00] {Threei} oh well, no two bucks for me

[13:02] {ese} nice one with wfc ladies and gentlemen.

[13:02] {Les} what about me ese?

[13:02] {Les} :D

[13:03] {Les} tough crowd today

[13:03] {Les} spy

[13:03] {Threei} GS Spokesperson: Fabrice Tourre still employed at Goldman, has made personal decision to take time off

[13:03] {dino} same les

[13:03] {Les} fas

[13:04] {fernp} WFC any read, Vad?

[13:05] {Threei} pure technicals wise, should be perfect bounce point

[13:05] {fernp} agree

[13:05] {Threei} but considering general situation with financials, I'd prefer to see GS/SPY leading

[13:05] {fernp} ok, ty

[13:06] {ese} ha ha ......ha ha les

[13:07] {ese} i'm assuming were referring to the gentleman part

[13:07] {ese} and dino

[13:07] {Threei} Les has indentity crisis, ese...

[13:09] {Les} I do believe an Australian citizen was officially recognised as neither male nor female last month

[13:09] {dino} :s

[13:09] {Les} welcome to the new world

[13:10] {dino} evolution, lol

[13:10] {dino} klic gap fill

[13:12] {Threei} WFC should be ready

[13:12] {Threei} 5 cents ranges recross routine

[13:16] {Threei} not this time

[13:16] {fernp} no go

[13:18] {fernp} PDCO any read, Vad?

[13:19] {Threei} .75 break short makes sense but don't count on much

[13:19] {fernp} ok

[13:23] {Les} l wfc .41. spy making higher hi and low, let's see if fas does

[13:23] {Threei} why not .35 cross?

[13:24] {Les} missed it. should have chased

[13:24] {fernp} took .37 here

[13:24] {fernp} stop under .30

[13:24] {Threei} that was a good entry fern

[13:25] {Threei} out yet or partialling?

[13:25] {fernp} out here .50

[13:25] {Les} half .50

[13:25] {Les} all out. pivot .51

[13:27] {Les} pmi crash and burn. db here?

[13:27] {Les} gs back to 159

[13:28] {Les} l gs.05

[13:31] {Threei} no read Les, confirmation level for DB is way too far

[13:31] {Les} ok

[13:33] {Les} stopped gs

[13:35] {magoo} AIG

[13:37] {magoo} fcx next

[13:37] {magoo} tyere is AIG news vad

[13:37] {Threei} no

[13:38] {Threei} AIG Moving higher after Congressman Cummings calls for probe of AIG-GS trades

[13:38] {Threei} here it is

[13:38] {Threei} how do AIG benefits from that??

[13:39] {RonS} ...Congressonal talk over weekend of forcing GS to give money to AIG...

[13:39] {Threei} seriously, anyone understands this connection?

[13:40] {magoo} RON is corret

[13:40] {Threei} sheesh... seriously??

[13:40] {magoo} AIG could benefit from GS scandal

[13:40] {RonS} USSRofA

[13:41] {Les} washington gets its pound of flesh to hide its own complicity

[13:41] {Les} or seeks it

[13:43] {Threei} unfreakinbelieavble

[13:43] {Threei} contract doesn't mean anything

[13:44] {Threei} laws are reversible

[13:45] {Les} out +.14 fcx ty mags

[13:46] {magoo} :)

[13:46] {Threei} good job guys

[13:47] {Threei} Ron, trust me... you don't even know how right you are

[13:47] {Threei} the resemblace is beyind scary

[13:48] {RonS} I know my history Vad, and political philosophy...just sayin, not bragging.

[13:48] {Threei} great to hear

[13:49] {RonS} rule of men v. rule of law...

[13:49] {nemo} steal a hook, hang as a crook; steal a kingdom, be made a duke

[13:53] {ese} ok.....considering going long NVDA like last friday

[13:54] {ese} patience grasshopper patience

[13:54] {magoo} vad, was there BIDU news? or they report tonite?

[13:55] {magoo} its pummeled

[13:56] {Threei} no report

[13:57] {Threei} no news

[13:57] {Threei} Lehman issues subpoenas to other financial firms as part of investigation into the cause of Lehman's collapse, including who may have been shorting the stock - CNBC

[13:57] {Threei} - Lehman subpoenas issued to ifirms including Goldman Sachs Group Inc., SAC Capital Advisors LP, Greenlight Capital Inc. and Citadel Investment Group LLC.

[13:57] {RonS} mags, you do know that Shanghai was down approx 4.5% last night?...

[14:04] {Threei} [IMMU] Reports Progress on Antibody-Drug Conjugate Development at Cancer Meeting

[14:04] {ese} L nvda .56

[14:11] {magoo} .

[14:11] {Threei} GM GM to repay $4.7B in govt loans well before June 1 target date - CNBC

[14:13] {Threei} nice entry ese

[14:14] {ese} tks

[14:16] {dino} gj

[14:16] {dino} fdx sm l .20

[14:19] {ese} wonder if it can hit 17

[14:21] {fernp} MEE is happy

[14:22] {Threei} I would say "we too are happy for YOUUUU", but noone appreciates my sense of humor today

[14:22] {fernp} lol

[14:23] {Threei} thank you

[14:23] {fernp} yw

[14:26] {Threei} if we close in green today and no new shocking news come out, I will be convinced of rally resumption

[14:28] {ese} out 1/2 5k .76 +.20 and change

[14:29] {Threei} wtg

[14:29] {magoo} GS big level 160

[14:29] {ese} out in full 5k more +.19

[14:31] {dino} gj es

[14:34] {magoo} GS

[14:36] {dino} giddy-up

[14:36] {Threei} I think things change folks

[14:36] {Threei} Fri shock wears off

[14:36] {RonS} from Market watch at 2:32: Investors grew more confident the fallout from U.S. regulators' charging Goldman Sachs (GS:$161.15,00$0.45,000.28%) might not be as widespread for gold and gold funds as initially feared, said Stephen Platt, an Archer Financial Services commodity analyst in Chicago.

[14:36] {Threei} market doesn't feel it's a reason for reversal anymore

[14:37] {Threei} and think of it:

[14:37] {Threei} over the weekend we had GS, China RE tightening and Europe airlines disaster

[14:37] {Threei} if we can close in green after all that, or even contain losses to insignificant nnumbers...

[14:38] {Threei} I'd say bears are back in thw world of suffering

[14:39] {dino} dropped roughly 2% on s/p, 2.5% ndx

[14:40] {dino} dai

[14:40] {dino} $4+ dai

[14:46] {Threei} The Goldman Sachs Group Inc Shares move into positive territory for the day after unconfirmed report circulates that the SEC's decision to move forward on charges was split 3-2 along political party lines

[14:46] {Threei} - Vote had Shapiro siding with the Democratic side; 3-2

[14:48] {dino} right now gs is saying, "how much to make this go away"

[14:49] {Threei} in my mind it's a bit different: GS saying "take whatever we offer now, or we will fight this for real and win - then you get nothing"

[14:49] {magoo} GS reports tomorrow a.m

[14:50] {Threei} yeah

[14:51] {magoo} could squeeze

[14:51] {Threei} imo... it will

[14:51] {magoo} 165 area

[14:53] {RonS} Ready to rock your world: http://www.dailymail.co.uk/news/worldnews/article-1267262/Iranian-cleric-Women-wear-revealing-clothing-cause-earthquakes.html

[14:54] {Threei} I believe it

[14:55] {magoo} im in GS 159.60

[14:55] {magoo} looking for squeeze

[14:55] {Threei} maybe lately this connection became less pronounced but I distnictively remember in my youth the earth shaking when thos erevealing clothes walked by

[14:57] {Threei} LVS

[14:58] {dino} out mos +.48

[14:58] {dino} out mos +.43

[14:58] {ese} gotta go....see you tomorow

[14:58] {Threei} if SPY breaks this resistance, LVS become .70 break lonmg

[14:58] {Threei} take care ese

[14:59] {dino} cya es

[15:00] {Les} haven't been able to get a toehold in gs. lots of shakeouts

[15:00] {magoo} i gave u the perfect entry 160

[15:01] {Les} yeh can see need to take trading out of house somewhere in the future

[15:01] {Les} been putting kids to bed

[15:01] {dino} out fdx .60, +.35

[15:01] {dino} back in ten

[15:01] {dino} opps, that was +.40

[15:06] {Threei} LVS over 1:1

[15:06] {Threei} nice to be on the right side of things today

[15:07] {magoo} i should put in a MOC sell vad

[15:07] {Threei} MOC?

[15:07] {magoo} mark on close

[15:07] {Threei} over 1:2 LVS

[15:07] {Threei} oh

[15:12] {shorty} Back, I assume I missed a good day?

[15:12] {Threei} quite

[15:13] {shorty} Had a fun day though.

[15:17] {magoo} resistance is 163..166..185

[15:18] {Threei} lol

[15:18] {Threei} eternal optimist

[15:18] {magoo} im in..this is live ciommentary

[15:22] {fernp} Good evening everybody. See you all tomorrow

[15:22] {Les} ciao fern

[15:22] {shorty} bye fernp

[15:22] {RonS} cya fern

[15:22] {Threei} take care fern

[15:22] {magoo} out 162.84

[15:23] {magoo} plus alot

[15:23] {magoo} 3.24 on 1200 shares

[15:23] {Les} not shabby

[15:23] {Threei} wtg

[15:23] {magoo} gonna looki to reload

[15:23] {shorty} wow

[15:25] {magoo} my type of trade

[15:25] {magoo} mojo..momo

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

[15:25] {Threei} actually, let me correct that

[15:25] {magoo} see the 163 resistance vad?

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

06[15:25] * Threei slaps magoo around a bit with a large roll of cash

[15:25] {Threei} there

[15:26] {Les} got in a couple of times but not green for it. your 160 break was it.

[15:26] {Threei} don't go for 163 break mags

[15:26] {Threei} total gamble this time

[15:26] {Threei} profit taking at the eod is just as likely as short squeeze

[15:26] {Threei} if you seriously weant it, take small shares

[15:27] {Threei} but above all, preserve your profits

[15:27] {magoo} ya ya agree

[15:27] {shorty} what stock did you trade magoo?

[15:27] {magoo} slap him vad

[15:27] {Threei} look how much you made today, think how much you can give back without regret

[15:27] {magoo} i put the entire trade call in real time'

[15:27] {Threei} and decide that you don't go home with less than X

[15:28] {Threei} GS shorty

[15:28] {Les} tis a nice squeeze

[15:28] {dino} 30 minutes magoo, thats all

[15:28] {shorty} thanks

[15:30] {nemo} gotta' go, c u guys tomorrow

[15:30] {Threei} take care nemo

[15:30] {Les} ciao

[15:30] {RonS} cya nemo

[15:30] {dptl} good evening all

[15:30] {shorty} bye nemo

[15:31] {dino} cya =nemo, dp

[15:31] {Les} Is Nemo sick? why is he so quiet?

[15:31] {shorty} lol

[15:31] {Threei} bye dp

[15:32] {shorty} bye dptl

[15:32] {magoo} in 00 out .51

[15:32] {Threei} wtg

[15:33] {shorty} had a good day magoo?

[15:33] {magoo} ya ya

[15:33] {magoo} i get in a zone sometimes

[15:33] {magoo} can feel it

[15:33] {shorty} awesome, I hope to get there one day.

[15:34] {Threei} good is understatement of the week

[15:34] {Threei} mags killed it

[15:34] {magoo} took alot of pain

[15:34] {shorty} I love it.

[15:34] {Les} well if we could get a paging system happening here, I'd like to be in it too...

[15:34] {Threei} well mags, that's because you have different philosophy than I do

[15:34] {magoo} i mean, to get the feel...alot of hard lessons

[15:34] {Threei} yours is no pain no gain

[15:34] {Threei} mine is, no pain? Good!

[15:35] {Les} "Les....calling Les to GS please"

[15:35] {magoo} no vad...its more like "let a winner..WIN"

[15:35] {magoo} u more like"take the profit..u cant lose"

[15:36] {shorty} I have a hard time with letting a winner win, I get jittery.

[15:36] {Les} http://www.spiegel.de/fotostrecke/fotostrecke-53971-20.html

[15:36] {dino} lol, more like live by the sword....

[15:36] {Les} haven't been able to get sunset like this yet

[15:36] {magoo} but ironically, we all let a loser crush us

[15:36] {magoo} which is the opposite

[15:36] {RonS} http://www.genevainternational.org/thumbs/foto2.jpg

[15:36] {magoo} except vad of course

[15:36] {magoo} qand dino

[15:37] {magoo} and dino

[15:37] {shorty} RonS, is that LEs?

[15:37] {dino} die by it

[15:37] {magoo} hes good stopper

[15:37] {Threei} no mags, I am all for letting them run, I jusy want to partial on the way

[15:37] {Threei} and protect profit

[15:37] {Threei} I hate letting profit turn into loss

[15:37] {shorty} Me too Threei

[15:37] {Threei} once it exceeds certain amount, I will keep it like bulldog the intruder's ankle

[15:38] {dino} we are all different, million ways, but i'm w/you on a profit going to loss, can't stand it

[15:38] {Threei} yeah, it's like slap in the face

[15:38] {magoo} slap?????

06[15:38] * magoo slaps Threei around a bit with a large trout

[15:38] {shorty} lol

[15:38] {Threei} lol

[15:39] {Threei} you saw me with GS today, +.50, .85 and tried to let the last one run, didn't even take full dollar

[15:40] {magoo} yours was a beauty vad

[15:40] {Threei} ty

[15:41] {magoo} your timing was perfect..straight up

[15:41] {Threei} that's how I like them... easy moneyh, no struggle

[15:41] {magoo} mine was straight up too tho

[15:44] {Threei} some profit takeing

[15:44] {Threei} not too much so far

[15:51] {Threei} Follow Up: Weber suggests Greece could ultimately need approx 80B in aid - WSJ

[15:51] {magoo} BAC rocked there

[15:55] {shorty} Have a good all, and see you tomorrow. Thanks Threei

[15:55] {shorty} night

[15:55] {Threei} take care shorty

[15:55] {Les} ciao

[15:56] {Threei} if I were a bear, this close would seriously worry me

[15:56] {RonS} dino, mos continues to work off the mat. good for a.m.

[15:56] {magoo} yea..all was in there favor today

[15:58] {Les} crap Vad, the MOS short that merited stopping out of became a fabulous long.

[15:58] {Threei} no kidding

[15:58] {Les} nope

[15:59] {magoo} ibm tonite

[15:59] {Les} tomorrow's another day. c u's then

[15:59] {Threei} IMB and STLD

[16:00] {Threei} the rest is small fish

[16:00] {dino} on it ron

[16:00] {RonS} ntrs

[16:02] {magoo} WOW ARRY

[16:02] {Threei} ARRY Signs pact for oncology with Novartis for devlopment of MEK Inhibitors; expects $45M upfront payment

[16:02] {Threei} - could receive $422M in additional payments from NV

[16:05] {Threei} AMGN Preclinical Study Demonstrated Anti-Tumor Activity in Mammary Tumor Model

[16:05] {Threei} PG *INCREASES DIVIDEND to $0.4818 from $0.44

[16:06] {dino} gn all

[16:06] {Threei} dino :)

[16:07] {magoo} ibm moving

[16:08] {Threei} nothing yet'

[16:09] {Threei} IBM Reports Q1 $1.97 v $1.93e

[16:09] {Threei} R$22.9B v $22.8Be

[16:09] {Threei} - Guides FY10 EPS at least $11.20 v $11.12e (guided "at least" $11.00 on 1/19)

[16:11] {Threei} ZION Reports Q1 -$0.57 v -$0.95e