Dec 16 2008
Fair day, but plagued by multiple disconnections. The log is littered by replays that occur on reconnection, and I really am not not up to editing it all... posting as is, sorry. Just scroll past long string with the same time stamp after the line saying Disconnected.
Session Time: Tue Dec 16 00:00:00 2008
[07:43] {Threei} (RU) RUSSIAN OIL MIN OFFICIAL: RUSSIA MAY HOLD TALKS WITH OPEC THIS WEEK REGARDING ENTRY TO THE ORGANIZATION, TALKS TO INCLUDE SAUDI ARABIA AND ALGERIA
[07:47] {Threei} FOMC EXPECTED TO CUT, AND SHED LIGHT ON QUANTITATIVE EASING
[07:47] {Threei} - The overwhelming consensus amongst analysts is for a 50bps cut at today's FOMC meeting. The January Fed Fund Futures contract is fully pricing in a 50bps cut, and about a 60% chance of a 75bps cut. A 50bps cut would put the target rate at 0.50%, the lowest on record. A 75bps cut would put the target rate at 0.25%, below base rates in Switzerland (0.50%), and Japan (0.30%).
[08:03] {magoo} morning
[08:03] {Threei} morning mags
[08:03] {magoo} hi vad
[08:04] {magoo} u watching GS?
[08:05] {Threei} no... should I?
[08:05] {magoo} reports this morn...
[08:05] {magoo} have they yet?
[08:07] {Threei} no
[08:07] {Threei} will try to post as soon as they do
[08:07] {Threei} (US) TREASURY'S MCCORMICK: THE TREASURY IS WORKING ON A NEW SET OF PROGRAMS FOR TARP FUNDS, THE ORIGINAL $700B TARP FIGURE "WAS APPROPRIATE" - CNBC INTERVIEW
[08:07] {magoo} ty
[08:13] {Threei} BALTIC DRY BULK INDEX RISES 3.1% , 7TH STRAIGHT INCREASE
[08:13] {Threei} - Capseize rates exceed $10k for the first time since Oct 17th
[08:16] {Threei} GS
[08:16] {Threei} REPORTS Q4 -$4.47 V -$3.50E, REV -$1.58B V $931.6ME, TIER 1 CAPITAL RATIO 15.6%
[08:17] {Threei} SLW bidder nears yesterday's 5.15 high
[08:31] {Threei} *NOV HOUSING STARTS: 625K V 736KE; BUILDING PERMITS: 616K V 700KE - FRESH 50 YEAR LOWS
[08:31] {Threei} - Prior Housing Starts revised from 791K to 771K
[08:31] {Threei} NOV CONSUMER PRICE INDEX M/M: -1.7% V -1.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 212.4 V 212.7E
[08:31] {Threei} - CPI y/y: 1.1% v 1.5%e
[08:31] {Threei} - Core CPI Y/Y: 2.0% v 2.1%e
[08:33] {magoo} GS rocking vad
[08:33] {patience} good morning everybody.....my roses just don't like this snow vad...what to do?
[08:34] {Threei} to tell them "there there, it's gonna be OK"....
[08:37] {magoo} is fed rate decision today or wed?
[08:37] {Geo} gm all
[08:37] {Threei} today
[08:37] {Threei} Geo :)
[08:47] {lisa_jay} Hi Vad.
[08:47] {lisa_jay} Goodmorning everyone.
[08:47] {Threei} Lisa :)
[08:53] {lisa_jay} Vad, a quick question reagarding the 20ma that you use.
[08:53] {lisa_jay} Is it 20 EMA or 20SMA. Thanks.
[08:54] {Threei} sma
[09:00] {KSystems} Good morning!!
[09:03] {Threei} KS :)
[09:06] {ese} good morning.......
[09:07] {Threei} ese :)
[09:07] {dino} gm all
[09:08] {Threei} dino :)
[09:11] {_elepet} good morning to you
[09:11] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now
[09:12] {ese} sorry up.25......
[09:12] {Onix} Good morning all
[09:13] {ese} onix...
[09:14] {wishbone} gm all
[09:14] {Larisa1} good morning
[09:14] {ese} wish....larisa
[09:15] {Threei} onix, wish, larisa :)
[09:15] {wishbone} hi ese
[09:15] {Onix} hi larisa & wishbone
[09:15] {Threei} ese... 11.50 is critical juncture for it
[09:16] {Threei} if it breaks that level, there is not much to keep it from 15
[09:16] {ese} yes......
[09:16] {ese} tks
[09:16] {Threei} some minor resistance on the way,
[09:16] {Threei} but if market helps, they won't matter much
[09:16] {ese} tks vad
[09:17] {_elepet} hello larissa
[09:17] {Threei} elepet :)
[09:18] {peterg} morning all
[09:18] {Threei} peter :)
[09:18] {Onix} hi peter
[09:18] {peterg} yo onix
[09:19] {Larisa1} elepet, onix :)
[09:22] {Threei} be back in 5
[09:26] {Threei} keep an eye on SLW
[09:26] {Threei} it's a typical pullback stock, breaks rarely work on it
[09:27] {Threei} and of course usual suspect... DRYS
[09:28] {Threei} premarket chart has 10.90 as break level, but I'd prfer drop and entry for bounce
02[09:28] * Disconnected
02[09:29] * Attempting to rejoin channel #discussions
03[09:29] * Rejoined channel #discussions
[09:29] {Threei} (RU) RUSSIAN OIL MIN OFFICIAL: RUSSIA MAY HOLD TALKS WITH OPEC THIS WEEK REGARDING ENTRY TO THE ORGANIZATION, TALKS TO INCLUDE SAUDI ARABIA AND ALGERIA
[09:29] {Threei} FOMC EXPECTED TO CUT, AND SHED LIGHT ON QUANTITATIVE EASING
[09:29] {Threei} - The overwhelming consensus amongst analysts is for a 50bps cut at today's FOMC meeting. The January Fed Fund Futures contract is fully pricing in a 50bps cut, and about a 60% chance of a 75bps cut. A 50bps cut would put the target rate at 0.50%, the lowest on record. A 75bps cut would put the target rate at 0.25%, below base rates in Switzerland (0.50%), and Japan (0.30%).
[09:29] {magoo} morning
[09:29] {Threei} morning mags
[09:29] {magoo} hi vad
[09:29] {magoo} u watching GS?
[09:29] {Threei} no... should I?
[09:29] {magoo} reports this morn...
[09:29] {magoo} have they yet?
[09:29] {Threei} no
[09:29] {Threei} will try to post as soon as they do
[09:29] {Threei} (US) TREASURY'S MCCORMICK: THE TREASURY IS WORKING ON A NEW SET OF PROGRAMS FOR TARP FUNDS, THE ORIGINAL $700B TARP FIGURE ""WAS APPROPRIATE"" - CNBC INTERVIEW
[09:29] {magoo} ty
[09:29] {Threei} BALTIC DRY BULK INDEX RISES 3.1% , 7TH STRAIGHT INCREASE
[09:29] {Threei} - Capseize rates exceed $10k for the first time since Oct 17th
[09:29] {Threei} GS
[09:29] {Threei} REPORTS Q4 -$4.47 V -$3.50E, REV -$1.58B V $931.6ME, TIER 1 CAPITAL RATIO 15.6%
[09:29] {Threei} SLW bidder nears yesterday's 5.15 high
[09:29] {Threei} *NOV HOUSING STARTS: 625K V 736KE; BUILDING PERMITS: 616K V 700KE - FRESH 50 YEAR LOWS
[09:29] {Threei} - Prior Housing Starts revised from 791K to 771K
[09:29] {Threei} NOV CONSUMER PRICE INDEX M/M: -1.7% V -1.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 212.4 V 212.7E
[09:29] {Threei} - CPI y/y: 1.1% v 1.5%e
[09:29] {Threei} - Core CPI Y/Y: 2.0% v 2.1%e
[09:29] {magoo} GS rocking vad
[09:29] {patience} good morning everybody.....my roses just don't like this snow vad...what to do?
[09:29] {Threei} to tell them ""there there, it's gonna be OK""....
[09:29] {magoo} is fed rate decision today or wed?
[09:29] {Geo} gm all
[09:29] {Threei} today
[09:29] {Threei} Geo :)
[09:29] {lisa_jay} Hi Vad.
[09:29] {lisa_jay} Goodmorning everyone.
[09:29] {Threei} Lisa :)
[09:29] {lisa_jay} Vad, a quick question reagarding the 20ma that you use.
[09:29] {lisa_jay} Is it 20 EMA or 20SMA. Thanks.
[09:29] {Threei} sma
[09:29] {KSystems} Good morning!!
[09:29] {Threei} KS :)
[09:29] {ese} good morning.......
[09:29] {Threei} ese :)
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:29] {_elepet} good morning to you
[09:29] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now
[09:29] {ese} sorry up.25......
[09:29] {Onix} Good morning all
[09:29] {ese} onix...
[09:29] {wishbone} gm all
[09:29] {Larisa1} good morning
[09:29] {ese} wish....larisa
[09:29] {Threei} onix, wish, larisa :)
[09:29] {wishbone} hi ese
[09:29] {Onix} hi larisa & wishbone
[09:29] {Threei} ese... 11.50 is critical juncture for it
[09:29] {Threei} if it breaks that level, there is not much to keep it from 15
[09:29] {ese} yes......
[09:29] {ese} tks
[09:29] {Threei} some minor resistance on the way,
[09:29] {Threei} but if market helps, they won't matter much
[09:29] {ese} tks vad
[09:29] {_elepet} hello larissa
[09:29] {Threei} elepet :)
[09:29] {peterg} morning all
[09:29] {Threei} peter :)
[09:29] {Onix} hi peter
[09:29] {peterg} yo onix
[09:29] {Larisa1} elepet, onix :)
[09:29] {Threei} be back in 5
[09:29] {Threei} keep an eye on SLW
[09:29] {Threei} it's a typical pullback stock, breaks rarely work on it
[09:29] {Threei} and of course usual suspect... DRYS
[09:32] {magoo} ar..missed drys
[09:32] {Threei} sharp jump out of the gate, DRYS
[09:32] {Threei} need pullback
[09:33] {magoo} BBY nuts
[09:35] {Threei} DRYS bounce candidate closer to 11
[09:36] {KSystems} Hello kobran
[09:36] {dino} welcome kobran
[09:37] {_kobran} GM
[09:37] {Threei} morning kobran
[09:38] {Threei} Long Setup: DRYS .30 break half lot, stop under .10
[09:38] {Threei} risky one, market is jerky
[09:39] {ese} long DRYS 1/2
[09:39] {ese} .34
[09:40] {magoo} in
[09:40] {Threei} look to partial out or take scalp closer to .50
[09:40] {Threei} right here
[09:40] {Threei} half out for me
[09:40] {ese} that daily chart show clear sailing almost to 20
[09:40] {Geo} ty
[09:40] {magoo} out .51 TY
[09:40] {magoo} got in .25
[09:41] {KSystems} half out .53
[09:41] {Threei} stop for the balance is .25
[09:42] {Threei} ugh... missed SLW
[09:43] {Threei} pulled back perfectly close to 5
[09:43] {Threei} DRYS needs to break .40 now
[09:43] {Threei} or not likely to work for the balance
[09:43] {dino} t l .48
[09:44] {Threei} out second half
[09:44] {Threei} scalps rule still
[09:46] {magoo} oh great..cramer says today starts xmas rally
[09:46] {Geo} bby paid well
[09:46] {Geo} thanks magoo
[09:47] {ese} stopped drys....10 - .24
[09:47] {magoo} ?
[09:47] {Threei} you took break on it geo?
[09:47] {Geo} yeah with ES
[09:47] {Geo} to help it along
[09:47] {Threei} ese?
[09:47] {Threei} DRYS gave 1:1 for first exit, and stop was trailed to under b/e
[09:48] {Geo} [06:33] {magoo} BBY nuts
[09:48] {ese} missed first exit vad when it spied to .50
[09:48] {Threei} why let it go back to original stop?
[09:49] {ese} thought that naz was heading up
[09:49] {ese} thought that i would hang with it
[09:49] {Threei} market has no idea where to go...
[09:49] {Threei} maybe it wanted up but then Cramer came with his rally preditction {G}
[09:49] {ese} indeed........
[09:49] {dino} t stopped
[09:49] {dino} -.22
[09:49] {Threei} and we all know ehat he does to market
[09:49] {ese} DRYS very volitile.......1/2 was ok
[09:50] {Threei} yeah but...
[09:50] {Threei} there is a logic of the trade
[09:50] {Threei} even if you missed the exit, strrop is to be trailed after 1:1 is reached
[09:51] {ese} should have followed that......
[09:51] {Threei} sin no more, OK?
[09:52] {ese} went with original stop just to give it some room but.......ces't la vie
[09:52] {ese} OK
[09:52] {Threei} FOMC day... jerkiness city
[09:53] {ese} $150.00 lesson....sometimes worth the price
[09:53] {dino} harvard education in the making
[09:54] {ese} ya...for someone esle
[09:54] {Threei} lol
[09:54] {dino} :)
[09:55] {Threei} tempting trade:
[09:55] {Threei} LLTC
[09:55] {Threei} .26 half lot long
[09:56] {Threei} really needs market decisive upward move
02[09:56] * Disconnected
02[09:59] * Attempting to rejoin channel #discussions
03[09:59] * Rejoined channel #discussions
05[09:59] -Threei- [Welcome-#floor] Welcome to the RealityTrader Floor. This room is read only. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.
[09:59] {Threei} dino :)
[09:59] {_elepet} good morning to you
[09:59] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now
[09:59] {ese} sorry up.25......
[09:59] {Onix} Good morning all
[09:59] {ese} onix...
[09:59] {wishbone} gm all
[09:59] {Larisa1} good morning
[09:59] {ese} wish....larisa
[09:59] {Threei} onix, wish, larisa :)
[09:59] {wishbone} hi ese
[09:59] {Onix} hi larisa & wishbone
[09:59] {Threei} ese... 11.50 is critical juncture for it
[09:59] {Threei} if it breaks that level, there is not much to keep it from 15
[09:59] {ese} yes......
[09:59] {ese} tks
[09:59] {Threei} some minor resistance on the way,
[09:59] {Threei} but if market helps, they won't matter much
[09:59] {ese} tks vad
[09:59] {_elepet} hello larissa
[09:59] {Threei} elepet :)
[09:59] {peterg} morning all
[09:59] {Threei} peter :)
[09:59] {Onix} hi peter
[09:59] {peterg} yo onix
[09:59] {Larisa1} elepet, onix :)
[09:59] {Threei} be back in 5
[09:59] {Threei} keep an eye on SLW
[09:59] {Threei} it's a typical pullback stock, breaks rarely work on it
[09:59] {Threei} and of course usual suspect... DRYS
[09:59] {magoo} ar..missed drys
[09:59] {Threei} sharp jump out of the gate, DRYS
[09:59] {Threei} need pullback
[09:59] {magoo} BBY nuts
[09:59] {Threei} DRYS bounce candidate closer to 11
[09:59] {KSystems} Hello kobran
[09:59] {dino} welcome kobran
[09:59] {_kobran} GM
[09:59] {Threei} morning kobran
[09:59] {Threei} Long Setup: DRYS .30 break half lot, stop under .10
[09:59] {Threei} risky one, market is jerky
[09:59] {ese} long DRYS 1/2
[09:59] {ese} .34
[09:59] {magoo} in
[09:59] {Threei} look to partial out or take scalp closer to .50
[09:59] {Threei} right here
[09:59] {Threei} half out for me
[09:59] {ese} that daily chart show clear sailing almost to 20
[09:59] {Geo} ty
[09:59] {magoo} out .51 TY
[09:59] {magoo} got in .25
[09:59] {KSystems} half out .53
[09:59] {Threei} stop for the balance is .25
[09:59] {Threei} ugh... missed SLW
[09:59] {Threei} pulled back perfectly close to 5
[09:59] {Threei} DRYS needs to break .40 now
[09:59] {Threei} or not likely to work for the balance
[09:59] {dino} t l .48
[09:59] {Threei} out second half
[09:59] {Threei} scalps rule still
[09:59] {magoo} oh great..cramer says today starts xmas rally
[09:59] {Geo} bby paid well
[09:59] {Geo} thanks magoo
[09:59] {ese} stopped drys....10 - .24
[09:59] {magoo} ?
[09:59] {Threei} you took break on it geo?
[09:59] {Geo} yeah with ES
[09:59] {Geo} to help it along
[09:59] {Threei} ese?
[09:59] {Threei} DRYS gave 1:1 for first exit, and stop was trailed to under b/e
[09:59] {Geo} [06:33] {magoo} BBY nuts
[09:59] {ese} missed first exit vad when it spied to .50
[09:59] {Threei} why let it go back to original stop?
[09:59] {ese} thought that naz was heading up
[09:59] {ese} thought that i would hang with it
[09:59] {Threei} market has no idea where to go...
[09:59] {Threei} maybe it wanted up but then Cramer came with his rally preditction {G}
[09:59] {ese} indeed........
[09:59] {dino} t stopped
[09:59] {dino} -.22
[09:59] {Threei} and we all know ehat he does to market
[09:59] {ese} DRYS very volitile.......1/2 was ok
[09:59] {Threei} yeah but...
[09:59] {Threei} there is a logic of the trade
[09:59] {Threei} even if you missed the exit, strrop is to be trailed after 1:1 is reached
[09:59] {ese} should have followed that......
[09:59] {Threei} sin no more, OK?
[09:59] {ese} went with original stop just to give it some room but.......ces't la vie
[09:59] {ese} OK
[09:59] {Threei} FOMC day... jerkiness city
[09:59] {ese} $150.00 lesson....sometimes worth the price
[09:59] {dino} harvard education in the making
[09:59] {ese} ya...for someone esle
[09:59] {Threei} lol
[09:59] {dino} :)
[09:59] {Threei} tempting trade:
[09:59] {Threei} LLTC
[09:59] {Threei} .26 half lot long
[09:59] {KSystems} stop {.10?
[09:59] {ese} MRVL might take off after 7 break
[09:59] {Threei} my connection seems to be flaky guys
[10:00] {ese} OK.....agressive entry MRVL .95
[10:00] {ese} long
[10:01] {ese} stop .85 seems to be going against market
[10:01] {ese} showing some strenght
[10:02] {Threei} OMAN OIL MINISTER: OMAN PLANS TO RAISE OIL OUTPUT BY 10K BPD IN 2009
[10:02] {Threei} - Country is not member of 12 state OPEC
[10:02] {Threei} - Note: OPEC is expected to cut is daily supply but up to 2M bbll/day at group meeting tomorrow Dec 1
[10:02] {KSystems} LLTC vad, stop under .10?
[10:02] {Threei} yes sir
[10:02] {Threei} holding well, looks salmonish
[10:03] {KSystems} thx
[10:03] {Threei} but still, if market fails it will follow the suit
[10:03] {ese} well lookeee here.....lets just see what happens shall we
[10:03] {ese} 7.69 next resistance for MRVL
[10:04] {ese} indeed
[10:04] {Threei} nice one ese
[10:04] {Threei} ok market
[10:04] {Threei} move your butt
[10:05] {ese} stop to .95
[10:05] {ese} agressive entry agressive stop
[10:07] {ese} market not helping much
[10:08] {Threei} I'd move LLTC stop to .15 at this point
[10:08] {Geo} heh
[10:08] {Geo} i just did that
[10:08] {Threei} just want to control risk tighter in tis jerkiness
[10:08] {Geo} you taught well
[10:09] {cosmo} market's like .... waiting for obama?
[10:10] {Threei} new high MRVL
[10:10] {Threei} for FOMC rather
[10:10] {Threei} plus endless musings from White House... to save Detroit or not
[10:11] {_elepet} missed drys earlier. in at 11.12
[10:11] {Threei} a bit too much chasing elepet... careful
[10:13] {Threei} LLTC no worky
[10:18] {ese} common market just one more litle more up there to help MRvl ALONG
[10:20] {dino} hmmm, feels like opening gap fill coming
[10:23] {Threei} what the
[10:23] {Threei} look at VIST spread
[10:23] {Threei} is this for real? :)
[10:23] {Threei} this is bigger crime than knighting Alan Greenspan
[10:24] {Onix} lol
[10:24] {dino} shall we short it?
[10:29] {Threei} watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate
[10:30] {Threei} WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS
[10:30] {Threei} {F GM}
[10:30] {Threei} really?
[10:30] {Threei} I swear they will make me concede the title of master of stating the obvious
[10:31] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk
[10:31] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck
[10:32] {ese} done
[10:33] {ese} broke .10
[10:33] {ese} giddy up horse....
[10:37] {dino} bby sm s .01
[10:38] {lisa_jay} qqqq @ .55
[10:38] {Threei} 09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra
[10:39] {Threei} serious haircut
[10:39] {ese} ouch.....
[10:39] {Threei} not sure what's so horrific about that acquisition that warrants such dump
[10:41] {Threei} 6 break starts looking interesting
[10:41] {Geo} 6?
[10:44] {Threei} watching where it bottoms out prior to break
[10:45] {Geo} i am confused
[10:45] {Geo} which stock
[10:45] {Onix} SAY
[10:45] {Threei} SAY
[10:45] {Threei} news above
[10:45] {Threei} wake up geo
[10:45] {Geo} ahh
[10:45] {Geo} sorry
[10:45] {dino} bby bstop is .11, thing is stuck
06[10:46] * magoo slaps Geo around a bit with a large scalping course
06[10:46] * Threei slaps Geo around a bit with a large cap of cofee
[10:50] {dino} cov bby -.02
[10:50] {Threei} anyone took Qs for bounce?
[10:50] {KSystems} yep
[10:50] {magoo} me .51
[10:50] {KSystems} 55 - 62
[10:50] {Threei} :)
[10:51] {magoo} see i not sleepin
[10:51] {dino} ugh vist vad, missed it at 10.60
[10:51] {Threei} lol dino
[10:52] {magoo} no lauhging..trying to concentrate
[10:53] {lisa_jay} Yes, but only for .08.
[10:53] {Threei} forgive me for ruining your focus
[10:53] {lisa_jay} Went in late at .57
[10:53] {lisa_jay} Q's i mean.
02[10:54] * Disconnected
02[10:57] * Attempting to rejoin channel #discussions
03[10:57] * Rejoined channel #discussions
[10:57] {Threei} FOMC day... jerkiness city
[10:57] {ese} $150.00 lesson....sometimes worth the price
[10:57] {dino} harvard education in the making
[10:57] {ese} ya...for someone esle
[10:57] {Threei} lol
[10:57] {dino} :)
[10:57] {Threei} tempting trade:
[10:57] {Threei} LLTC
[10:57] {Threei} .26 half lot long
[10:57] {KSystems} stop {.10?
[10:57] {ese} MRVL might take off after 7 break
[10:57] {Threei} my connection seems to be flaky guys
[10:57] {ese} OK.....agressive entry MRVL .95
[10:57] {ese} long
[10:57] {ese} stop .85 seems to be going against market
[10:57] {ese} showing some strenght
[10:57] {Threei} OMAN OIL MINISTER: OMAN PLANS TO RAISE OIL OUTPUT BY 10K BPD IN 2009
[10:57] {Threei} - Country is not member of 12 state OPEC
[10:57] {Threei} - Note: OPEC is expected to cut is daily supply but up to 2M bbll/day at group meeting tomorrow Dec 1
[10:57] {KSystems} LLTC vad, stop under .10?
[10:57] {Threei} yes sir
[10:57] {Threei} holding well, looks salmonish
[10:57] {KSystems} thx
[10:57] {ese} well lookeee here.....lets just see what happens shall we
[10:57] {Threei} but still, if market fails it will follow the suit
[10:57] {ese} 7.69 next resistance for MRVL
[10:57] {ese} indeed
[10:57] {Threei} nice one ese
[10:57] {Threei} ok market
[10:57] {Threei} move your butt
[10:57] {ese} stop to .95
[10:57] {ese} agressive entry agressive stop
[10:57] {ese} market not helping much
[10:57] {Threei} I'd move LLTC stop to .15 at this point
[10:57] {Geo} heh
[10:57] {Geo} i just did that
[10:57] {Threei} just want to control risk tighter in tis jerkiness
[10:57] {Geo} you taught well
[10:57] {cosmo} market's like .... waiting for obama?
[10:57] {Threei} new high MRVL
[10:57] {Threei} for FOMC rather
[10:57] {Threei} plus endless musings from White House... to save Detroit or not
[10:57] {_elepet} missed drys earlier. in at 11.12
[10:57] {Threei} a bit too much chasing elepet... careful
[10:57] {Threei} LLTC no worky
[10:57] {ese} common market just one more litle more up there to help MRvl ALONG
[10:57] {dino} hmmm, feels like opening gap fill coming
[10:57] {Threei} what the
[10:57] {Threei} look at VIST spread
[10:57] {Threei} is this for real? :)
[10:57] {Threei} this is bigger crime than knighting Alan Greenspan
[10:57] {Onix} lol
[10:57] {dino} shall we short it?
[10:57] {Threei} watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate
[10:57] {Threei} WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS
[10:57] {Threei} {F GM}
[10:57] {Threei} really?
[10:57] {Threei} I swear they will make me concede the title of master of stating the obvious
[10:57] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk
[10:57] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck
[10:57] {ese} done
[10:57] {ese} broke .10
[10:57] {ese} giddy up horse....
[10:57] {dino} bby sm s .01
[10:57] {lisa_jay} qqqq @ .55
[10:57] {Threei} 09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra
[10:57] {Threei} serious haircut
[10:57] {ese} ouch.....
[10:57] {Threei} not sure what's so horrific about that acquisition that warrants such dump
[10:57] {Threei} 6 break starts looking interesting
[10:57] {Geo} 6?
[10:57] {Threei} watching where it bottoms out prior to break
[10:57] {Geo} i am confused
[10:57] {Geo} which stock
[10:57] {Onix} SAY
[10:57] {Threei} SAY
[10:57] {Threei} news above
[10:57] {Geo} ahh
[10:57] {Geo} sorry
[10:57] {dino} bby bstop is .11, thing is stuck
[10:57] {Threei} wake up geo
06[10:57] * magoo slaps Geo around a bit with a large scalping course
06[10:57] * Threei slaps Geo around a bit with a large cap of cofee
[10:57] {dino} cov bby -.02
[10:57] {Threei} anyone took Qs for bounce?
[10:57] {KSystems} yep
[10:57] {magoo} me .51
[10:57] {KSystems} 55 - 62
[10:57] {Threei} :)
[10:57] {magoo} see i not sleepin
[10:57] {dino} ugh vist vad, missed it at 10.60
[10:57] {Threei} lol dino
[10:57] {magoo} no lauhging..trying to concentrate
[10:57] {lisa_jay} Yes, but only for .08.
[10:57] {Threei} forgive me for ruining your focus
[10:57] {lisa_jay} Went in late at .57
[10:57] {lisa_jay} Q's i mean.
[10:57] {Geo} you got .51 magoo? my charts wrong
[10:57] {dino} last try today l t, .19
[10:57] {magoo} yep
[10:57] {KSystems} welcome back Vad
[10:57] {magoo} was stalking it before vad merntioned
[10:57] {KSystems} I hope you brought some beer with you, at least
[10:57] {Threei} grrrr
[10:57] {Threei} what's with my connection today
[10:58] {Threei} I guess Victoria cables can't handle anything below zero
[10:58] {Geo} didnt pay your room subscription eh?
[11:01] {dino} hl l ebs .70 stop .47
[11:06] {Threei} UAUA
[11:06] {Threei} thing seems to be waking up today after a few days of inactivity
[11:06] {Threei} not sure about breakout but pullback into .70-.75 is certainly interesting
[11:09] {Threei} SAY hasn't formed reliable support so far
[11:09] {magoo} out q's .70
[11:09] {lisa_jay} Q's battling at highs.
[11:09] {magoo} will look to reload
[11:09] {lisa_jay} nice Magoo...2 lots?
[11:10] {magoo} yes
[11:10] {magoo} 2k
[11:11] {magoo} just be careful with size..can not blow a stopo or twice as bad
[11:11] {Threei} FDIC APPROVES 2009 BUDGET OF $2.2B, INCLUDING $1B FOR DEALING WITH BANK FAILURES
[11:11] {Threei} and the rest is for?...
[11:12] {dino} parties
[11:12] {Threei} thought so
[11:12] {Threei} bonuses... pinyatas...martinis...
[11:13] {dino} t stop to .31
[11:14] {dino} out t, +.12
[11:15] {lisa_jay} Thanks Magoo.
[11:15] {lisa_jay} Vad, if were to have a resting order for agressive entry fro double top on Q's at .71.
[11:15] {Threei} geo, look dcc plas
[11:15] {lisa_jay} What kind of stop would be reasonable.
[11:16] {lisa_jay} Thanks.
[11:17] {Threei} you mean short lisa?
[11:17] {lisa_jay} Yes Vad.
[11:18] {Threei} around .75
[11:18] {Threei} aggressive entries meant to have tight stops
[11:19] {lisa_jay} Ok, thanks Vad. I was starting out with .10, but a lot of times the risk:reward was very bad.
[11:19] {lisa_jay} 10c initial stop, and moving too quickly to break even and thus getting stopped out.
[11:20] {lisa_jay} With your idea of tight stop i can let the trade work.
[11:21] {Threei} that's the idea of aggreassive entries
[11:21] {Threei} since they are taken so close to invalidating levels, they carry higher odds of being srtopped compensated by a very small size of the stop
[11:25] {Geo} what time fomc?
[11:25] {Threei} 2;15
[11:26] {ese} outa here for the day all....still hangin in with MRVL with a stop at .95....take care
[11:26] {lisa_jay} Bye Ese
[11:26] {Threei} take care ese
02[11:29] * Disconnected
02[11:29] * Attempting to rejoin channel #discussions
03[11:29] * Rejoined channel #discussions
05[11:29] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.
[11:30] {Threei} jeez
[11:30] {dino} shall we short it?
[11:30] {Threei} watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate
[11:30] {Threei} WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS
[11:30] {Threei} {F GM}
[11:30] {Threei} really?
[11:30] {Threei} I swear they will make me concede the title of master of stating the obvious
[11:30] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk
[11:30] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck
[11:30] {ese} done
[11:30] {ese} broke .10
[11:30] {ese} giddy up horse....
[11:30] {dino} bby sm s .01
[11:30] {lisa_jay} qqqq @ .55
[11:30] {Threei} 09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra
[11:30] {Threei} serious haircut
[11:30] {ese} ouch.....
[11:30] {Threei} not sure what's so horrific about that acquisition that warrants such dump
[11:30] {Threei} 6 break starts looking interesting
[11:30] {Geo} 6?
[11:30] {Threei} watching where it bottoms out prior to break
[11:30] {Geo} i am confused
[11:30] {Geo} which stock
[11:30] {Onix} SAY
[11:30] {Threei} SAY
[11:30] {Threei} news above
[11:30] {Geo} ahh
[11:30] {Geo} sorry
[11:30] {dino} bby bstop is .11, thing is stuck
[11:30] {Threei} wake up geo
06[11:30] * magoo slaps Geo around a bit with a large scalping course
06[11:30] * Threei slaps Geo around a bit with a large cap of cofee
[11:30] {dino} cov bby -.02
[11:30] {Threei} anyone took Qs for bounce?
[11:30] {KSystems} yep
[11:30] {magoo} me .51
[11:30] {KSystems} 55 - 62
[11:30] {Threei} :)
[11:30] {magoo} see i not sleepin
[11:30] {dino} ugh vist vad, missed it at 10.60
[11:30] {Threei} lol dino
[11:30] {magoo} no lauhging..trying to concentrate
[11:30] {lisa_jay} Yes, but only for .08.
[11:30] {Threei} forgive me for ruining your focus
[11:30] {lisa_jay} Went in late at .57
[11:30] {lisa_jay} Q's i mean.
[11:30] {Geo} you got .51 magoo? my charts wrong
[11:30] {dino} last try today l t, .19
[11:30] {magoo} yep
[11:30] {KSystems} welcome back Vad
[11:30] {magoo} was stalking it before vad merntioned
[11:30] {KSystems} I hope you brought some beer with you, at least
[11:30] {Threei} grrrr
[11:30] {Threei} what's with my connection today
[11:30] {Geo} didnt pay your room subscription eh?
[11:30] {Threei} I guess Victoria cables can't handle anything below zero
[11:30] {dino} hl l ebs .70 stop .47
[11:30] {Threei} UAUA
[11:30] {Threei} thing seems to be waking up today after a few days of inactivity
[11:30] {Threei} not sure about breakout but pullback into .70-.75 is certainly interesting
[11:30] {Threei} SAY hasn't formed reliable support so far
[11:30] {magoo} out q's .70
[11:30] {lisa_jay} Q's battling at highs.
[11:30] {magoo} will look to reload
[11:30] {lisa_jay} nice Magoo...2 lots?
[11:30] {magoo} yes
[11:30] {magoo} 2k
[11:30] {magoo} just be careful with size..can not blow a stopo or twice as bad
[11:30] {Threei} FDIC APPROVES 2009 BUDGET OF $2.2B, INCLUDING $1B FOR DEALING WITH BANK FAILURES
[11:30] {Threei} and the rest is for?...
[11:30] {dino} parties
[11:30] {Threei} thought so
[11:30] {Threei} bonuses... pinyatas...martinis...
[11:30] {dino} t stop to .31
[11:30] {dino} out t, +.12
[11:30] {lisa_jay} Thanks Magoo.
[11:30] {lisa_jay} Vad, if were to have a resting order for agressive entry fro double top on Q's at .71.
[11:30] {Threei} geo, look dcc plas
[11:30] {lisa_jay} What kind of stop would be reasonable.
[11:30] {lisa_jay} Thanks.
[11:30] {Threei} you mean short lisa?
[11:30] {lisa_jay} Yes Vad.
[11:30] {Threei} around .75
[11:30] {Threei} aggressive entries meant to have tight stops
[11:30] {lisa_jay} Ok, thanks Vad. I was starting out with .10, but a lot of times the risk:reward was very bad.
[11:30] {lisa_jay} 10c initial stop, and moving too quickly to break even and thus getting stopped out.
[11:30] {lisa_jay} With your idea of tight stop i can let the trade work.
[11:30] {Threei} that's the idea of aggreassive entries
[11:30] {Threei} since they are taken so close to invalidating levels, they carry higher odds of being srtopped compensated by a very small size of the stop
[11:30] {Geo} what time fomc?
[11:30] {Threei} 2;15
[11:30] {ese} outa here for the day all....still hangin in with MRVL with a stop at .95....take care
[11:30] {lisa_jay} Bye Ese
[11:30] {Threei} take care ese
[11:30] {peterg} hmmm
[11:30] {Geo} you know vad should really keep his emotions in check
[11:30] {peterg} good point
[11:30] {Geo} ese leaves and he kicks us all out too
[11:30] {peterg} impulse control disorder
[11:30] {patience} i didn't get dumped, why not, i feel left out
[11:30] {peterg} perfect!
[11:30] {magoo} room dump there
[11:30] {Onix} what are you in patience?
[11:30] {Threei} this time it's not only me eh
[11:30] {patience} about 20 minute drive south of vad
[11:30] {patience} makes all the difference though doesn't it vad
[11:30] {Threei} as in?
[11:31] {patience} i can't say it, i keep laughing
[11:31] {peterg} hey patience, vad got dumped too;
[11:31] {peterg} perhaps you are the ultimate force
[11:32] {patience} oh i know they call me something
[11:35] {lisa_jay} nice breakout on q's
[11:40] {lisa_jay} .
[11:40] {Threei} don't see any news on GNW
[11:40] {Threei} CNBC'S KUDLOW: SOURES HAVE TOLD HIM THAT OBAMA ECONOMIC TEAM WILL CONVENE THIS AFTERNOON AND DISCUSS A MASSIVE PURCHASE PROGRAM FOR MORTGAGES
[11:42] {Threei} GNW hard pullback
[11:42] {Threei} bounce candidate
[11:44] {Threei} one more leg down most likely
[11:45] {magoo} where u thinking?
[11:45] {Threei} 3.40 - 3.50
[11:48] {Geo} in .64
[11:48] {Geo} was in befor vad made second leg comment
[11:48] {Geo} out
[11:48] {Geo} 1/2 lot
[11:49] {Threei} wtg
[11:49] {Threei} I am not confident in my connection enough to call exact targets
[11:50] {Threei} couple times saw my quotes frozen
[11:50] {Geo} ES upticked so thought you had entered :)
[11:55] {dino} was booted, out t .38, +.13, out tbsi, +.11
[11:57] {lisa_jay} nice
[11:57] {dino} thx
[11:57] {dino} sm l oxy .80
[12:00] {Threei} PRESIDENT-ELECT OBAMA: THE FED IS RUNNING OUT OF ITS "TRADITIONAL AMMUNITION," INTEREST RATES ARE GETTING TO BE ABOUT AS "LOW AS THEN CAN GO," BELIEVES FED "STILL HAS TOOLS" TO DEAL WITH THE SITUATION
[12:01] {KSystems} like what?
[12:01] {dino} not confidence inspiring
[12:01] {KSystems} magic?
[12:01] {Threei} F Bills?
[12:01] {Threei} ok, the following officially decrowns me as master of stating the obvious:
[12:01] {Threei} (US) TREASURY'S MCCORMICK: SEES ENORMOUS UNCERTAINTY, 2009 GLOBAL OUTLOOK IS CHALLENGING
[12:02] {dino} where do they find these clowns?
[12:03] {Geo} harvard
06[12:04] * Threei slaps laserdave1 around a bit with a large uncertainty for 2009 global outlook
06[12:04] * magoo slaps laserdave1 around a bit with a large a big question of where ya been?
[12:06] {Threei} come on GNW
[12:06] {Threei} 10-15 cents more down
[12:07] {Threei} keep an eye on HIG
[12:07] {Threei} .50 closest support
[12:09] {magoo} ok..but i only have 2 eyes
[12:09] {Threei} let's hope stem cells progress will help
[12:10] {Threei} where is chaeron?
[12:10] {Threei} and dptl
[12:10] {Geo} in the fomc meeting
[12:10] {Threei} what kind of slacking is that
[12:11] {KSystems} Geo I hope they're going to call you few minutes before announcement
[12:11] {Geo} i asked and he refused
[12:12] {Geo} said i need the superlicious subsription to vad's other room
[12:12] {KSystems} darn
[12:12] {dino} sso s .49
[12:14] {Geo} stope above high dino?
[12:15] {dino} y
[12:15] {dino} .66
[12:20] {Geo} pnw
[12:25] {Threei} F CEO: CONSUMERS APPRECIATE HOW FORD IS "DIFFERENT" THAN OTHER DOMESTIC RIVALS, BELIEVE FORD IS IN A DIFFERENT PLACE THAN GM & CHRYSLER
[12:25] {Geo} yes its family owned
[12:25] {Threei} my appreciation is sure there, and it goes as far as driving Nissan
[12:25] {Geo} so they dont want tarp equity dilution
[12:25] {Geo} as its leading to less dividends for family
[12:26] {Threei} come to papa GNW
[12:26] {peterg} U in?
[12:26] {peterg} or waiting
[12:26] {Threei} no, want it lower
[12:26] {peterg} k
[12:30] {magoo} u know what cracks me up on GNW?
[12:30] {Threei} NOV CALIFORNIA MEDIAN HOME PRICE FELL 5% M/M, FELL 34.5% Y/Y - DATAQUICK
[12:30] {magoo} we should have shorted that decline of .25 cents
[12:30] {Threei} yes but I found out it was shortable too late
[12:31] {Threei} kind of this built-in assumption that cheapies are not shortable
[12:34] {Threei} ok GNW, now sharp red bar please
[12:35] {Threei} under .30
[12:38] {Threei} According to Jeff Cox's Dec 11th article on CNBC's website http://www.cnbc.com/id/28158499
[12:38] {Threei} "Some in the industry expect a new influx of day traders amid the rash of layoffs on Wall Street. Experienced traders with the proper capital position-$25,000 is required by law to start a day-trading account, and many brokerages require more-will add another element to a profession that has used the unpredictability of the stock market to its advantage."
06[12:39] * Threei nails to the door a big sign saying "day traders are welcome"
[12:39] {Geo} lol
[12:39] {dino} lol
[12:40] {Threei} PRESIDENT BUSH: TRYING TO GET THE AUTO BAILOUT DONE IN "EXPEDITIOUS WAY," LOOKING AT ALL OPTIONS FOR AUTOMAKERS
[12:40] {Threei} {GM F}
[12:40] {patience} before or after they have gone out of business
[12:40] {Threei} {Automakers} Keep the options. Give us money
[12:41] {Threei} GNW almost there
[12:41] {magoo} u going doulbe?
[12:41] {Threei} not sure yet
[12:42] {Threei} this bard to .28 was almost what I was looking for
[12:42] {Threei} baar
[12:42] {Threei} bar
[12:42] {Threei} there, just three tries
[12:42] {Threei} really felt a few more cents were in order
[12:42] {Threei} ugh
[12:46] {Threei} more than anything, I want to have Al Gore here in Victoria... shove his face in the snow saying "what's that? what's that, you bad boy?"
[12:46] {Geo} lol
[12:48] {Threei} wow
[12:48] {Threei} SAY
[12:48] {Threei} doeas it have any bottom at all?
[12:57] {dino} strange, the news isn't "bad"
[12:58] {dino} sm say l .40, stop .99
[12:58] {Threei} must be some bag of snakes we know zilch about
[12:58] {dino} maybe they are 3x the stock to aquire?
[13:00] {Threei} over half a mil canadian jobs under threat is auto industry goes
[13:00] {Geo} wow
[13:01] {Geo} you guys have that many people?
06[13:01] * Geo whistles
[13:01] {dino} lol
[13:02] {Larisa1} vad is quiet, counting may be :)
[13:02] {Geo} this was painfill in .33 out .38
[13:02] {Threei} not really but each coming to the factory punches the clock twice
[13:03] {Geo} they must have a lot of agression
[13:03] {Threei} and particular hatred for the clock
[13:03] {Geo} yup also glad i am out
[13:04] {Threei} larisa... I am not even trying to count anything above 10
[13:04] {Threei} either I can count it with my fingers or it doesn't exist
[13:05] {Larisa1} do not forget you have legs.. 10 more.. push yourself
[13:05] {Threei} no
[13:05] {Threei} thought of it
[13:05] {Geo} higher low vad?
[13:05] {Threei} but the idea of taking shoes of, then on again...
[13:06] {peterg} Could throw shoes......
[13:06] {Threei} not sure Geo
[13:06] {Threei} feels like anther dump is coming
[13:08] {dino} tmi vad
[13:08] {wishbone} lol
[13:08] {dino} :)
[13:12] {dino} sso bstop to .46 won't move
[13:16] {dino} cov sso .41, +.08
[13:20] {dino} geo, you cover ?
[13:20] {Geo} sorry didnt trade
[13:20] {dino} ok
[13:21] {dino} brb
[13:22] {Threei} TREASURY'S MCCORMICK: SHOULD ENCOURAGE SOVEREIGN WEALTH FUNDS TO INVEST IN THE US - Q&A
[13:24] {Threei} he ever said how?
[13:25] {dino} yes, w/cash
[13:25] {peterg} they coming to see you, vad
[13:25] {Geo} bonds steadily creeping higher last hour
[13:25] {Geo} not good
[13:26] {dino} rate cut coming geo, bonds up
[13:26] {Threei} they'll be sorely disappointed peter
[13:26] {Threei} looks is last thing I am famous for
[13:26] {dino} this may be the peak as not much cutting left
[13:26] {peterg} isn't that just like life!
[13:29] {dino} t l .15
[13:30] {lisa_jay} .
[13:36] {Threei} PREVIEW: FOMC RATE DECISION DUE OUT AT 2:15PMET
[13:36] {Threei} **consensus expectation is for a further 50bps cut to 0.50%, a record low for US rates. A few forecasters are predicting a 75bps, including BoA, ING and UBS economists. A tiny minority of economists are forecasting either a 25pbs cut or a full 100bps cut. Fed funds futures are currently pricing in an over 50% chance of a 75 bps cut today.
[13:37] {Threei} **with the rate likely to move to a record low, and effective rate already so close to zero, alot of talk has been focused on whether the FOMC will use the statement today to discuss the means of future policy actions. While some speculate that the Fed will move directly to some language about a new quantitative directive, it seems more likely that the Fed will aknowledge the immense liquidity operations it has put in place already and leave policy outlook open ended, allowing the FOMC more time to consider how to address the next evolution of policy (more on this discussion may emerge in the minutes of today's meeting upon their release three weeks from now).
[13:52] {wishbone} ...___...
[14:00] {Threei} starting countdown?
[14:01] {Threei} 15
[14:01] {lisa_jay} Vad, does it matter which ECN we use for Q's or is one better then the other. Thanks.
[14:02] {Threei} not really, as long as you have Route Out checked for all of them
[14:03] {Threei} ISLD and ARCA are preferrable to others
[14:03] {lisa_jay} Ok, thank you.
[14:07] {Threei} DRYS
[14:07] {Threei} sharp drop
[14:08] {dino} out t .28, +.13
[14:09] {Onix} gj
[14:10] {Threei} 5
[14:10] {dino} ty
[14:10] {Onix} you are a very patient man dino
[14:11] {dino} lol, 39 min.
[14:12] {dino} uso green
[14:14] {Threei} 1
[14:14] {dino} 2
[14:15] {lisa_jay} 3
[14:15] {Threei} smart a**es
[14:15] {lisa_jay} :-)
[14:15] {Threei} (not that there is anything qrong with that)
[14:16] {Onix} the suspense is intollerable!
[14:16] {dino} up,down then close up
[14:16] {Threei} -1
[14:16] {lisa_jay} down maybe Dino.
[14:16] {lisa_jay} for the day.
[14:17] {dino} ok, a beer
[14:17] {Geo} lol
[14:17] {lisa_jay} sure
[14:17] {dino} :)
[14:17] {magoo} big up at days end
[14:17] {magoo} 300 points
[14:17] {Geo} gs leads?
[14:17] {dino} must be a big lunch
[14:17] {Threei} it already wears pompons geo
[14:17] {lisa_jay} lol
[14:18] {magoo} on time as usual
[14:18] {Threei} they still argue
[14:18] {magoo} ben so dumb..prolly no cut
[14:18] {Threei} 1/2 or .5?
[14:18] {Threei} or 50 bps?
[14:19] {dino} .50 yes
[14:19] {magoo} u think conflict if ben was loaded short here
[14:20] {dino} he's tall magoo
[14:20] {Threei} 5 min late
[14:20] {lisa_jay} news out?
[14:20] {Threei} no
[14:21] {lisa_jay} something
[14:21] {Threei} .75
[14:22] {Threei} *FOMC CUTS RATES 75BPS TO 0.25% (MORE THAN EXPECTED)
[14:22] {Threei} - To deploy all available tools, see rates at exceptionally low rates for some time.
[14:22] {Threei} - Vote was unanimous, 10-0.{TLT SHY GLD SPY EUR/USD}
[14:23] {Threei} in Qs .90
[14:24] {dino} out oxy .35, +.55
[14:24] {lisa_jay} nice
[14:24] {Threei} out 30.01
[14:24] {Threei} mess
[14:24] {lisa_jay} yup
[14:24] {dino} ok, time to fall
[14:31] {magoo} out here 07
[14:31] {Threei} SLW goes nuts
[14:31] {patience} not compared to my barrick kinross and goldcorp and hgu
[14:32] {Geo} still in Qs from 95
[14:32] {dino} say stop to .28 won't move
[14:32] {Geo} half out
[14:32] {Threei} wtg
[14:33] {Geo} looked like bull flag on one miin
[14:33] {Geo} out
[14:33] {Threei} looked like donkey tail drawing drunken sketches to me :)
[14:33] {patience} no kidding, i love that look like a jet flying straight up
[14:33] {Geo} hmm early
[14:34] {Geo} but banked
[14:34] {dino} i guess all is right again
[14:34] {dino} ugh oxy
[14:34] {Threei} ok, full text
[14:34] {Threei} *FOMC CUTS RATES 75BPS TO 0.25% (MORE THAN EXPECTED); TO DEPLOY ALL AVAILABLE TOOLS TO PROMOTE GROWTH, PRICE STABILITY; SEE RATES AT EXCEPTIONALLY LOW LEVELS FOR SOME TIME
[14:34] {Threei} - Overall, the outlook for economic activity has weakened further, inflationary pressures have diminished appreciably.
[14:34] {Threei} - Labor market conditions have deteriorated.
[14:34] {Threei} - Fed stands ready to expand purchases of agency debt and MBS.
[14:34] {Threei} - Evaluating the benefits of purchasing longer-term Treasury securities.
[14:34] {Threei} - Vote was unanimous, 10-0.
[14:34] {Threei} - Discount rate also cut 75bps to 0.50%.{TLT SHY GLD SPY EUR/USD}
[14:36] {dino} stopped say-.12
[14:36] {dino} sm s sso .30
[14:39] {Threei} SLWQ pulled back into support
[14:39] {Threei} SLW
[14:39] {dino} stopped sso .42-.12
[14:40] {dino} rinsed
[14:45] {dino} sm s oxy .04
[14:49] {magoo} Q bounce vad?
[14:49] {Threei} this pullback should be scalpable
[14:49] {Threei} one more leg down
[14:49] {Threei} half lot
[14:49] {dino} cov oxy .64, +.40
[14:49] {lisa_jay} nice Dino
[14:50] {Onix} gj dino
[14:50] {dino} ty
[14:51] {Threei} got it mags?
[14:51] {magoo} missed
[14:51] {magoo} went for .95
[14:51] {Threei} .94 here
[14:51] {Threei} out 30.07
[14:52] {Geo} in .98 out .06
[14:52] {Geo} got scared
[14:52] {Threei} rightfully so
[14:52] {magoo} nice guys
[14:52] {Threei} moves are erratic, take sure profit
[14:53] {patience} took my profit of +.83 on slw.to and now i've lost my read on it...i hate when that happens
[14:53] {magoo} man, i was goinna take AAPL sh 96.20
[14:53] {magoo} look
06[14:54] * dino slaps magoo around a bit with a large trout
[14:54] {dino} engage maverick
[14:55] {magoo} ill take the shot when im god damn ready..u GOT THAT?!! as magoo pushes dino on tarmack
[14:58] {dino} afam sm l .70
[14:59] {dino} wide gappy
[14:59] {magoo} my inetb quotes bad..anyone else?
[14:59] {dino} geo, bottom on tbt?
[15:04] {dino} iret blood
[15:05] {Threei} GE CEO: ECONOMIC ENVIRONMENT IS TOUGHEST IN A GENERATION - ANALYST MEETING
[15:11] {Threei} feels like market is going for new highs
[15:12] {Geo} spy lead
[15:12] {Threei} here we go
[15:14] {lisa_jay} Dino I owe you a beer
[15:14] {Threei} pullback time
[15:14] {Threei} did I hear beer?
[15:15] {lisa_jay} For bet on market.
[15:15] {dino} :)
[15:16] {magoo} [14:17] {magoo} big up at days end
[15:16] {magoo} [14:18] {magoo} 300 points
[15:16] {Threei} since when 300 points is big?
[15:16] {magoo} roflol..u got me
[15:16] {Threei} :)
[15:16] {dino} good point 3i
[15:17] {magoo} DRUYS not participating vad
[15:17] {magoo} drys
[15:17] {Threei} [14:16] {dino} up,down then close up
[15:17] {Threei} that was very precise read
[15:17] {Threei} .20 seems to be too much resistance for it mags
[15:17] {magoo} i yelled it to him
[15:17] {Threei} but if breaks should jump
[15:18] {dino} lol
[15:25] {Threei} IMF'S LIPSKY: US ECONOMIC GROWTH MAY RETURN BY THE END OF 2009, US ECONOMY MAY YET SEE WORSE CONDITIONS AHEAD
[15:25] {Threei} I think he would be even more eloquent if said "may or may not"
[15:25] {Geo} we in anything?
[15:26] {dino} speaks in tongues
[15:26] {magoo} vad Q call?
[15:27] {Threei} in deep thoughts about happiness, meaning of life aand ways to compare the beauty of the flower to power of internal combustion engine Geo
[15:27] {Threei} not here mags
[15:27] {Threei} it was very iffy when it broke 30.20, let alone now
[15:28] {Threei} I still feel another upward spike is coming
[15:28] {Threei} but finding an entry in this sharp up and down is tough task
[15:29] {patience} would you hold anything overnight vad? asia and europe haven't participated on the news yet
[15:30] {Threei} SLW is pulls back into 5.30 - 5.40
[15:30] {Threei} is = if
[15:31] {Threei} rate cut is nice, but we still have that GM/F thingy
[15:32] {patience} i'm thinking i'll cash out by 4, nobody knows nuttin as to what today actually will mean th is week with options
[15:33] {Threei} yeah, a lot of cures by Fed and Treasury turned out not much but one day wonders lately
[15:33] {Threei} who said thnis one will be any different
[15:34] {Threei} and notice... oil is in red
[15:35] {dino} 3:40 spike coming imo
[15:35] {patience} i took a decent amount out of slw.to this week, its daily is over 71 rsi...i'll just scalp it. it has had 7 up days in a row
[15:36] {patience} dino, this is where you usually say, "you're overthinking it"
[15:36] {dino} not holding anything overnight here
[15:37] {Threei} "normal" logic would be, cut kills USD, oil's up
[15:37] {dino} no, nothing making senses, good day, protection mode
[15:37] {Threei} yet oil is red
[15:38] {dino} oxy sm s .53
[15:38] {dino} stop is .73
[15:39] {Threei} HIG
[15:39] {Threei} sheesh
[15:41] {patience} out HGU.to +.78
[15:42] {dino} oxy stopped
[15:42] {lisa_jay} are these daytrades Patience or overnights?
[15:42] {patience} mixture, not more than 1 overnight though lisa
[15:43] {Onix} great job patience!
[15:43] {patience} january and february bills are now all paid....feast or famine for me, ty though
[15:43] {lisa_jay} very impressive.
[15:43] {dino} i understand
[15:44] {Onix} hgu or AGU?
[15:44] {patience} hgu
[15:44] {patience} gold etf
[15:45] {patience} horizon betapro
[15:45] {Onix} ty
[15:45] {dino} adp air pocket
[15:46] {Threei} SLW probing dau high again and again
[15:53] {dino} out afam .10, +.40
[15:53] {Threei} wtg
[15:53] {dino} ty
[15:53] {Onix} nice!
[15:53] {patience} lovely
[15:54] {Threei} dino... you do realize you were just called nice and lovely, don't you
[15:55] {dino} indeed, as it should be, lol
[15:55] {Threei} okkkaaaay... :)
06[15:56] * Threei inconspicuously moves his chair away from dino
[15:57] {dino} 3i, it's ok if a gal calls me lovely
[15:57] {dino} the problem is when you do it
[15:57] {Threei} that would be a real problem
[15:58] {Threei} thankfully... snowball has more chance to survive in the oven
[15:59] {patience} thankfully its the end of the day
[15:59] {Geo} ok flat
[15:59] {Geo} rimm paid well
[15:59] {Threei} I am more likely to silently put a beer on the table
[15:59] {patience} see you tomorrow with seller's remorse no doubt
[15:59] {Threei} ok guys and gals
[15:59] {Threei} thank you all
[15:59] {lisa_jay} Thanks Vad.
[15:59] {wishbone} nite all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {Geo} not used to overnight.... thanks all
[15:59] {KSystems} well thank YOU
[16:00] {dino} ty all, good day, had fun
