RealityTrader Trading Log

Friday, October 31, 2008

Oct 31 2008

One of those "can do no wrong" days. A lot of good plays, funny and relaxed conversation in the room, and even some really really bad poetry. What's not to enjoy.

Session Time: Fri Oct 31 00:00:00 2008

[08:32] {hawkfan4} good morning
[08:33] {magoo} mornink comrades of the revolution
[08:34] {hawkfan4} mags :)
[08:35] {magoo} u guys make good bling yesterday?
[08:36] {hawkfan4} yeah, decent day scalping the qqqq's pretty much. vad had some good calls
[08:38] {cosmo} qqqq is a good growth stock right now
[08:40] {magoo} markets close up or down and how much?
[08:41] {hawkfan4} dow +190, comp +41
[08:41] {magoo} ty eagle...er, um hawk:)
[08:41] {magoo} eaglefan?
[08:43] {hawkfan4} da bears...
[08:51] {Onix} Good morning all
[08:54] {patience} good morning onix and rt :)
[09:00] {Onix} hi patience
[09:05] {lisa_jay} Good Morning everyone....Happy Halloween.
[09:06] {Onix} hi lisa
[09:06] {cosmo} my favorite religeous holiday
[09:09] {lisa_jay} Futures down this morning....UAUA, AIRT, AKAM up. Oh Dino's HIG is up too.
[09:09] {ese} morning
[09:10] {Onix} hi ese
[09:10] {lisa_jay} Hi Ese.
[09:10] {ese} onix...lisa
[09:12] {lisa_jay} Is Vad off today?
[09:12] {dino} gm all
[09:12] {lisa_jay} Hi Dino.
[09:12] {ese} dino......
[09:12] {Onix} dino :)
[09:12] {Threei} Good morning
[09:12] {ese} don't think so....
[09:13] {Threei} how's this for grand entrance:
06[09:13] * Threei slaps magoo around a bit with a large trout
[09:13] {ese} could be out in his exercise room he built last year
[09:13] {dino} lisa, my hig? did you know me about 10 years ago?
[09:13] {Threei} rofl
[09:13] {lisa_jay} Maybe...
[09:13] {Onix} Vad :)
[09:14] {dino} i uwas an independent agent, they were my biggest carrier
[09:14] {patience} AIRT, omg, remember the momo on that oe
[09:14] {lisa_jay} Oh, ok.
[09:14] {patience} one
[09:14] {lisa_jay} You were trading it yesterday...
[09:14] {dino} did a 14 year tour of that business
[09:14] {dino} yes
[09:16] {Threei} 08:01am [AIRT] Reports Q2 $0.55 v $0.22 y/y, R $24M (+38% y/y)
[09:17] {peterg} morning & happy halloween
[09:17] {Threei} peter :)
[09:18] {Onix} hi peter
[09:18] {peterg} Onix
[09:18] {peterg} hi
[09:18] {Threei} dino... did I knocked magoo unconscious?
[09:18] {Threei} ummm... only wioth better grammar
[09:18] {peterg} did he get any meat yesterday?
[09:18] {dino} sleeping
[09:18] {peterg} bowhuntg
[09:19] {peterg} people do that in minnesota
[09:19] {cosmo} find a good bow?
[09:19] {peterg} not me
[09:19] {dptl} GOOD MORNING ALL
[09:19] {dptl} OOPS
[09:19] {peterg} not so loud
[09:20] {dptl} sorry :)
[09:20] {peterg} better tks
[09:20] {peterg} little hung over
[09:21] {Threei} wow dp
[09:21] {Threei} THAT'S a grand entrance
[09:21] {dptl} lol
[09:21] {Onix} dp :)
[09:21] {magoo} morn vad
[09:21] {Threei} hi mags
[09:21] {Geo} gm all
[09:22] {peterg} we been talking about you mags-any luck hunting yesterday?
[09:22] {dino} peter tipping a few last night
[09:22] {peterg} hi geo
[09:22] {Threei} geo
[09:22] {peterg} yes fun while it lasted
[09:22] {lisa_jay} Hi Geo.
[09:22] {dino} :)
[09:23] {peterg} aapl dropping
[09:24] {cosmo} AKAM needs to hold 15 imo
[09:24] {cosmo} for the mkt's sake...
[09:25] {magoo} saw a lot of wildlife...but with bow..u gott to get close
[09:25] {magoo} so nuttin ...YET
[09:25] {magoo} saw 2 bears...3 eight pointers
[09:25] {patience} deer on my front lawn every morning and evening dino
[09:25] {patience} oops
[09:26] {patience} ooops, magoo
[09:26] {peterg} same here with deer
[09:27] {magoo} we have alot of bears here
[09:27] {cosmo} neighbors dogs here
[09:27] {patience} we had a black bear in town couple of weeks ago
[09:27] {hawkfan4} the occasional squirrel here
[09:27] {peterg} still screwy neighbors with music?
[09:27] {peterg} bad music?
[09:28] {peterg} occ. fox
[09:28] {peterg} racoons
[09:28] {peterg} turkey once
[09:28] {patience} where are you peter
[09:28] {peterg} minnesota
[09:28] {peterg} right outside minneapolis, our big city
[09:28] {ese} What is this stock RATE.....
[09:29] {hawkfan4} bankrate.com
[09:29] {cosmo} sometimes i get a preening red tail...but no matter
[09:29] {patience} send me a photo of it sometime cosmo
[09:30] {cosmo} i'll try
[09:30] {ese} what is bankrate .com an exchange traded fund of some kind...
[09:30] {cosmo} will let ya know...:)
[09:30] {cosmo} AKAM
[09:31] {dino} mortgage broker i think
[09:31] {dino} i thiught st.com was buying them. i may be wrong
[09:33] {Threei} UAUA loses it's mind again
[09:33] {dino} morn blood
[09:33] {ese} THOR
[09:34] {Threei} wow
[09:34] {Threei} typed UAUA long .11, and it was above .30 while I typed
[09:35] {ese} KLAC could be pull back condidate
[09:37] {dino} mcrs
[09:39] {Threei} Long Setup: HIG .35 break half lot
[09:39] {Threei} stop under .20
[09:41] {Threei} half out .65
[09:42] {magoo} waiting 86
[09:42] {Threei} stop to under b/e
[09:43] {peterg} very nice vad; I hesitated & missed the ride.
[09:43] {Threei} it gave sewcond chasnce, plus minus 2-3 cents
[09:43] {Geo} in .38
[09:43] {peterg} oh yeah
[09:43] {Geo} out .67
[09:43] {Threei} holding well
[09:43] {ese} tks Vad..in .44 out .72 lot and a half
[09:44] {lisa_jay} It actually went to .36 - .37 - I missed too. Sigh.
[09:44] {Threei} wow
[09:44] {Threei} lot anf half on this one
[09:44] {Threei} living on the edge, ese :)
[09:44] {ese} yes indeed......
[09:44] {ese} $381.00 tks nice way to start the day
[09:44] {Threei} I'll say
[09:44] {peterg} wtg ese
[09:45] {patience} i'm trickn and treatn at your house ese, nice
[09:45] {hawkfan4} nice es
[09:45] {Threei} OCT CHICAGO PURCHASING MANGERS INDEX: 37.8 V 48.0E, LOWEST SINCE MAY 2001
[09:45] {ese} take a look at THOR for me Vad
[09:45] {ese} wouldn't do full lot here....not enough volume
[09:46] {Threei} too thin and volatile ese...
[09:46] {Threei} worst thing is, it's not trading smoothly
[09:46] {Threei} no stream of prints
[09:46] {ese} tks
[09:46] {Threei} anything can happen on this kind when burst of prints appears
[09:47] {dino} pru
[09:47] {ese} how KALC on the bounce
[09:47] {Geo} cvs
[09:47] {Threei} look UAUA
[09:47] {Threei} holding well
[09:47] {Threei} I'd say, .50 break long if holding this level
[09:48] {Threei} or aggressively if NQ reverses sharply
[09:48] {Threei} KLAC, a bit too wide swings in a single ba for a relaible readr
[09:49] {ese} tks
[09:49] {dino} pru sm riskly l .60
[09:49] {Threei} RIMM
[09:49] {Threei} CHANNELS CHECKS SUGGEST BOLD WILL BE IN STORES MID-NOVEMBER AHEAD HOLIDAY - BLOGS
[09:49] {Threei} -Verizon has not made a formal annoucement other than saying it hoped to have the Bold in stores by Christmas.
[09:49] {Threei} -The Bold is RIMM's first touch-screen with iPhone like bio-feedback
[09:50] {Threei} UAUA:
[09:50] {Threei} if you went in aggressively, stop under .25
[09:50] {Threei} if waiting for a break, .30 is invalidating level
[09:50] {dptl} l .37 uaua
[09:51] {Threei} half out for agressive here
[09:51] {dptl} yep
[09:51] {Threei} half out for regular here
[09:52] {Geo} all out 30 cents TY vad
[09:52] {Threei} :)
[09:52] {Threei} don't you love them when they work for all styles
[09:52] {Threei} ages
[09:52] {Threei} genders
[09:52] {Threei} hairdresses
[09:53] {Threei} stop to under .35 for the balance
[09:53] {dino} out pru .20, +.60
[09:53] {Threei} wtg dino
[09:53] {dino} ty
[09:54] {Geo} anyone took cvs?
[09:54] {dino} ci dropping
[09:54] {dino} met strongest
[09:55] {Threei} *OCT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 57.6 V 57.5E
[09:55] {Threei} good... we are confident bunch
[09:55] {dino} risky sm l ci .20
[09:56] {ese} always wondered if those numbers came from the U of M Frat house....
[09:56] {Threei} lol
[09:57] {lisa_jay} CVS Dino, had it on my screen, hesitated (since lack of experience), story of my morning.
[09:57] {dino} good report last night i think lisa
[09:57] {lisa_jay} Sorry that was for Geo....
[09:58] {dino} darn should've held pr
[09:58] {lisa_jay} Yes Dino.
[09:58] {dino} pru
[09:58] {Geo} :)
[09:58] {dino} yes geo and i look alike
[09:58] {Geo} lol
[09:58] {Geo} exceedingly handsome twins
[09:58] {Threei} rofl
[09:58] {peterg} arnold schwarzeneger and danny devito
[09:59] {dino} stop ci -.38
[09:59] {peterg} great movie
[09:59] {Threei} ALTH
[09:59] {Threei} old buddy
[09:59] {Threei} 7 break
[09:59] {Threei} looks exceedingly handsome on daily, to borrow from Geo
[09:59] {dino} rally
[09:59] {Threei} low volume...
[10:00] {dino} lol peter
[10:01] {peterg} leaving ocean of endless possibilities for profit for 2 hrs
[10:02] {Threei} not good peter... dino and hawk will get them all
[10:02] {peterg} true
[10:03] {dino} pru sm l .80
[10:03] {Threei} wow
[10:03] {Geo} BKC vad
[10:03] {Threei} I was first to hit 7, and it seems the only
[10:03] {Threei} and I got only 642 shares
[10:04] {dino} it's our job, don't hate us
[10:05] {Threei} had limit 7.03, no single share above 7
[10:05] {Threei} Long Setup: LLTC .80
[10:05] {dptl} yeah same here got nothing
[10:05] {Threei} 2 days break
[10:06] {Threei} dumped ALTH for a small scalp
[10:06] {Threei} not worth babysitting
[10:10] {Threei} .60 is LLTC support for stop/invalidation
[10:11] {dino} last try pru l sm .20
[10:13] {amarg} hello vad,
[10:13] {Threei} good morning amarg, welcome to the room
[10:13] {Threei} missed couple good ones... gotta wake up earlier :)
[10:13] {amarg} can you give me any outlook on dxd, and how can I setup for some entry or exit points
[10:13] {amarg} ok
[10:14] {Threei} DXD as it stands now is a short at 72 if stays below 72.35
[10:15] {Threei} volatility is very high
[10:15] {Threei} why do you need to mess up with it as your starting point
[10:15] {Threei} 45 minutes into the day, we already had a lot of much safer plays
[10:16] {amarg} well, I have couple of long positions in it, and got hit hard couple of days ago, trying to decide to cut short losses or wait till day end today as it's friday and may be market falls and dxd goes up a little
[10:16] {Threei} let's tighten LLTC to under .70
[10:17] {Threei} I'd expect it to be above 23 by now, don't like such stall
[10:17] {amarg} but if you say short at 72, that is opposite of what I may be wishing, may be its time to take a loss, I don't know
[10:18] {Threei} I don't have comments on longer time frame amarg... market has been making too wide swings
[10:18] {Threei} this is pure daytrading time
[10:19] {amarg} for today's daytrade, do you have some outlook on market's direction?
[10:19] {Threei} with ranges for the day anywhere from 400 to 1000 points, no point in guessing
[10:19] {Threei} amar, that's not how we trade
[10:19] {Threei} why don't you observe for a while
[10:19] {Threei} market doesn't necessary have one direction for whole day
[10:20] {amarg} speaking of which, how to find out what you are trading or others, or should I just watch the conversation for clues
[10:20] {Threei} when I say short at 72, it doesn't mean that's the direction for the rest of the day
[10:20] {Threei} we post it right here
[10:21] {Threei} [09:39] {Threei} Long Setup: HIG .35 break half lot
[10:21] {Threei} [09:39] {Threei} stop under .20
[10:21] {Threei} when you see this kind of alert, that's your guidance
[10:22] {Geo} vsea vad?
[10:22] {Threei} thin...
[10:23] {Threei} look at the spread
[10:23] {Geo} y
[10:24] {Threei} UAUA
[10:24] {Threei} grrr
[10:24] {dptl} jblu?
[10:25] {Threei} .51... if stays above .45
[10:25] {amarg} so that I understand it, HIG is a good entry for long positon at 9.35, if it goes down to 9.20 get out, is there a upside get out indicator as well, I got out
[10:25] {Threei} was, amar
[10:25] {Threei} that was the call at the moment
[10:25] {Threei} we took our profits long ago
[10:25] {Threei} and there was a call to take profit
[10:26] {amarg} ok
[10:26] {Threei} problems with NYSE, be careful
[10:26] {Threei} 10:25:55 ADMIN7 --} (All): NYSE having streetwide issues!!!
[10:26] {dptl} stopped lltc
[10:26] {Threei} yup
[10:27] {dptl} l jblu .51
[10:30] {Threei} for a scalp type I you have 1:1
[10:30] {Threei} and over
[10:30] {Geo} nice dp
[10:33] {Threei} HIG is getting lucrative
[10:33] {Threei} yesterday's low 8.23
[10:33] {dptl} ty
[10:33] {magoo} u short HIG?
[10:33] {Threei} no
[10:34] {Threei} looking for long entry, but want it lower
[10:38] {dino} wanted 8.20 yesterdays low
[10:39] {Threei} fairly uncertain point
[10:39] {Threei} staying on a sideline for now
[10:41] {Threei} the only play I see at the moment is UAUA long on 15 break... would like one more pullback before triggering
[10:41] {Threei} and staying above .80
[10:41] {Threei} half lot, a bit too volatile
[10:42] {dino} met s .20
[10:42] {Threei} if triggers from here, stop is .85
[10:44] {Threei} Long Setup: QQQQ .61 if stays above .50
[10:44] {ese} what was the reason for the HIG tang yesterday?
[10:45] {ese} thats "tank"
[10:45] {ese} 67mil shs...huge vlume
[10:45] {dino} 2 billion write off
[10:45] {ese} whoa.....
[10:49] {Geo} amp dino
[10:50] {dino} cov met .20 flat, won't move
[10:50] {dptl} l uaua .03
[10:51] {Chaeron} Good morning all
[10:51] {Threei} chaeron :)
[10:51] {dino} \amp lower imo
[10:52] {ese} CCCCCHHHHH baby!!!!!!
[10:52] {ese} haven't done one of those lfor awhile
[10:52] {Chaeron} hi guys
[10:53] {ese} toying with GRMN long here
[10:53] {dptl} half out .17 uaua
[10:53] {lisa_jay} Finally Vad, caught one of your plays.. UAUA for .16. Thank you.
[10:53] {Threei} welcome lisa
[10:55] {Chaeron} cmon Q's...
[10:55] {dino} met l .60
[10:57] {dptl} out some more .27 uaua
[10:58] {Threei} good job dp
[10:58] {dino} gj dp
[10:58] {dptl} ty gonna see what last 100sh will bring
[10:59] {Threei} amarg, you observed the play?
[11:02] {dino} out met .83, +.23
[11:04] {dino} geo you were right amp
[11:04] {dino} ci l .75
[11:05] {Geo} looked like yours
[11:05] {amarg} yes
[11:07] {hawkfan4} HIG .53, stop .35, risky as can be
[11:07] {dino} out ci .99, +.24
[11:07] {Threei} chart wise play is right hawk
[11:08] {magoo} mkts real jerky here
[11:08] {dino} whoever thought the insurers would be the movers
[11:08] {hawkfan4} thx vad. now i just need it to teleport to 12 and i can call it a week
[11:09] {Threei} lol
[11:09] {dino} lol
[11:09] {lisa_jay} Took LVS for .15. Thanks Vad.
[11:10] {dino} ci drop
[11:10] {dino} say hi to my sis then
[11:11] {Threei} did I call LVS?
[11:11] {dino} bad joke, but she's hitting vegas today
[11:11] {Threei} not that I mind taking a credit... but still :)
[11:11] {lisa_jay} Nope..but learnt to read QQQQ and stock together from you....
[11:11] {Threei} ahhh
[11:12] {Threei} learning to fish
[11:15] {dptl} still in uaua last 100 , will i mak a buck? lol
[11:15] {dino} amp l .50
[11:16] {hawkfan4} Q's .65, stop .55
[11:16] {magoo} fish???
06[11:16] * magoo slaps Threei around a bit with a large trout
[11:16] {Threei} lol
[11:17] {Chaeron} Q's - in .61, out .81 +$0.20 Thanks Vad
[11:17] {Threei} beautiful
[11:17] {Chaeron} not this early in the morning, but thanks
[11:17] {Threei} magoo
[11:17] {Chaeron} oh sorry... you were calling Magoo beautiful
[11:17] {Threei} do we tolerate this kind of behavior Chaeron just demionnstrated?
[11:18] {Threei} ok, while magoo is thinking...
06[11:18] * Threei slaps Chaeron around a bit with a large trout
[11:18] {hawkfan4} 1/2 out q's +.22
06[11:18] * Geo slaps Chaeron around a bit with a large trout
[11:18] {Threei} wtg hawk
[11:18] {dptl} ok out uaua +.75
[11:18] {hawkfan4} thx
[11:18] {dino} out amp .62, +.12, thx geo beer $
[11:18] {Threei} that's a heck of patience dp
[11:18] {Geo} you gave one to vad for me yesterday
[11:19] {Geo} :)
[11:19] {Chaeron} I'd go to the corner, but dino hasn't cleaned up todays profits and had the armored car come yet
[11:19] {Threei} fantastic job today guys
[11:19] {dptl} fisherman instinct...Vad lol
[11:19] {Threei} I feel my retirement is nearing
[11:19] {Threei} hehe
[11:19] {hawkfan4} q's over 33 looks rockin
[11:19] {Chaeron} yep... out too soon
[11:22] {dino} retirement? no 3i, not in my lifetime
[11:22] {Threei} one more break is coming QQQQ
[11:22] {Chaeron} do we take it?
[11:22] {Threei} for a scalp this time
[11:23] {Threei} if recent patterns hold, it's a pullback time
[11:23] {Threei} and pullbacks are severe these days
[11:23] {Chaeron} .60s?
[11:23] {Threei} at least
[11:24] {Threei} 40s is not out of question either
[11:24] {Chaeron} stalking .40
[11:24] {Chaeron} heh
[11:24] {Threei} see, the way I view it
[11:24] {Threei} from this point on, this day is not as much about money anymore
[11:24] {Threei} as it is about two things
[11:25] {Threei} first being preservation of profits,
[11:25] {Threei} we had amazingly good morning for a Fri of such volatile week
[11:25] {Threei} would be shame to give it back.
[11:25] {Threei} Second being,
[11:25] {Threei} adding a little here and there,
[11:25] {Threei} hunt and peck,
[11:25] {Threei} being very careful,
[11:26] {Threei} traking the safest bets
[11:26] {Threei} cutting losses as quickly as possible
[11:26] {Threei} and looking to grow profits a bit
[11:26] {Threei} still keeping preservation of money made earlier as first and foremost goal.
[11:27] {Threei} so, don't be too pushy
[11:27] {Threei} wait for those trades that prmise easy profits, even if small
[11:27] {Threei} and guarantee you tight stops
[11:28] {Threei} hawk, you out HIG yet?
[11:28] {hawkfan4} was just typing, out +23, waited too long
[11:28] {Threei} +.23 is +.23
[11:29] {hawkfan4} i'll take it
[11:29] {Threei} especially with your 10K lots
[11:29] {hawkfan4} lol :) not in this market
[11:29] {Threei} :)
[11:29] {Threei} WHITE HOUSE CALLS FOR FINANCIAL INSTITUTIONS TO AVOID USING FEDERAL ASSISTANCE FOR PAY PACKAGES AND INCREASED DIVIDENDS
[11:29] {Threei} I don't get it
[11:29] {Threei} how is it even a subject of discussion?
[11:30] {Geo} thats what they have beiong doing
[11:30] {Threei} here is your bailout, here are conditions to use it
[11:30] {Threei} break them, go to jail
[11:30] {Geo} justification is or else they will leave
[11:30] {Geo} my Q is
[11:30] {Geo} where???
[11:30] {Threei} for misappropriation of public funds
[11:30] {dino} because the idiots legislators didn't think tyo put that in the plan
[11:31] {dino} they should leave geo, they caused it
[11:31] {ese} outta here for the weekend....have a good one all......
[11:31] {Threei} sso, they leave
[11:31] {Geo} how will they get the cheese then
[11:31] {Threei} how is it bad
[11:31] {hawkfan4} cya es
[11:31] {Threei} they are the ones who run this into the ground
[11:31] {ese} see ya hawk
[11:31] {Threei} take care ese, have a good one
[11:31] {dino} cya es, have fun
[11:32] {Threei} more than that,
[11:32] {Threei} if they don't leave voluntarily, chase them away
[11:32] {dino} not sure the room wants me ranting again vad
[11:32] {Threei} hehe
[11:32] {Geo} i know they should geo
[11:32] {Threei} watch me crying if Mr. Fuld leaves...
[11:32] {Geo} but they dont heheheh
[11:33] {Geo} hmmmm
06[11:33] * Geo talking to himself
[11:33] {Threei} LVS...
[11:34] {Threei} thing is likely to pull back into one of two supports,
[11:34] {Threei} 12.50 and 12,
[11:34] {Threei} and being on a conservative side, I'd prefer 12 to get interested
[11:37] {hawkfan4} stop to .84 on rest of q's
[11:38] {hawkfan4} out +.19
[11:39] {Threei} if Qs stay under .90, breakdown of .80 is possible short
[11:54] {Threei} LVS bounced perfectly off first resistance... did it in such meek fashion, I'
[11:54] {Threei} d never go for that bounce
[11:58] {dino} oh bother
[12:05] {dino} aiv l .02
[12:09] {Threei} yawn
06[12:09] * Threei slaps laserdave1 around a bit with a large trout
06[12:09] * laserdave1 slaps magoo around a bit with a large trout
06[12:09] * laserdave1 slaps magoo around a bit with a large trout
06[12:09] * laserdave1 slaps magoo around a bit with a large trout
06[12:09] * magoo slaps laserdave1 around a bit with a large trout
06[12:09] * laserdave1 slaps Threei around a bit with a large trout
06[12:10] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:10] * laserdave1 slaps Geo around a bit with a large trout
06[12:10] * magoo slaps patience around a bit with a large trout
[12:10] {Threei} I am still the fastest trigger in the West
[12:10] {patience} magoosky
[12:10] {laserdave1} that was good
[12:10] {magoo} the fattest trigger ?
[12:10] {Threei} 2 seconds between his entry and my slap
[12:10] {dino} kbr l .76
[12:11] {Threei} magoo... you better keep that bow handy
06[12:11] * Geo is polite and not touching anything
[12:12] {Threei} sheesh... just looked what ALTH did after that 7 break
[12:14] {magoo} to busy shooting arrows at raven vad
[12:14] {Threei} Short Setup: QQQQ .69
[12:14] {Threei} if stays under .80
[12:16] {Threei} 1:1 in a hurry
[12:17] {Threei} LVS nears second support
[12:17] {Threei} more interested here
[12:18] {lisa_jay} Was looking to short lvs at .49...it broke it and tanked 30c...sigh.
[12:18] {Threei} that was valid setup
[12:18] {Threei} especially with NQ breakdown
[12:19] {lisa_jay} Yes...wish i was faster at order entry.
[12:21] {dptl} lcc short .20?
[12:21] {Threei} if stays under .30
[12:22] {dptl} ok ty
[12:23] {Threei} dumped last swing part of ARRS
[12:23] {Threei} trade worked for all three time frames
[12:25] {dino} insueres coming back
[12:26] {Threei} [12:33] {Threei} Long Setup: ARRS .32
[12:26] {Threei} [12:33] {Threei} two days break
[12:26] {Threei} [12:33] {Threei} for scalpers stop .24
[12:26] {Threei} [12:33] {Threei} for daytraders .19
[12:26] {Threei} [12:37] {Threei} and for swing traders, under 6
[12:26] {Threei} [12:37] {Threei} scalpers are scalpers, they know where to exit
[12:26] {Threei} [12:38] {Threei} day traders, look to partial closer to .50
[12:26] {Threei} [12:38] {Threei} swing traders, aim for closer to 7
[12:26] {Threei} how about that
[12:26] {Chaeron} very nice...
[12:27] {Threei} now, this is funny, as soon as I posted it:
[12:27] {Threei} [12:26] -RealityTrader.chat.server- *** Notice -- Client exiting: Geo (RealityTra@75.80.35.999) [Connection reset by peer (TCP/IP connection broken)]
[12:27] {Threei} -----------
[12:27] {Chaeron} lol
[12:27] {Threei} geo has complicated relationship with ARRS
[12:27] {hawkfan4} lol
[12:28] {dino} 'ci range wow
[12:28] {Chaeron} he can get help for that... maybe with meds :)
[12:28] {Threei} or counselling
[12:28] {Chaeron} LVS
[12:29] {dino} you need counseling? here
06[12:29] * dino slaps Threei around a bit with a large trout
[12:29] {Threei} that's not counseling... that's abuse
[12:29] {Chaeron} Thanks... he needed that
[12:29] {dino} you softies, sheesh
[12:30] {Threei} lol
[12:31] {Chaeron} LVS - in .26 out - .50... too early.. +$0.24
[12:31] {Threei} good one
[12:31] {Chaeron} as it goes to 13..... thanks
[12:31] {Chaeron} I should just accept I'm a scalper
[12:32] {_oneiron} LVS in .31 out .59 +28
[12:32] {Threei} .31 on the way back up?
[12:32] {Threei} not during the drop?
[12:32] {_oneiron} Yes
[12:33] {Threei} good one then
[12:33] {_oneiron} ty
[12:33] {Threei} very rewarding to see how you guys construct plays from my general comments even when I don't call exact entries
06[12:34] * Threei closes his eyes and sees retirement nearing
[12:34] {hawkfan4} open those eyes up, don't get any ideas...
[12:34] {Threei} lol
06[12:34] * Chaeron slaps Threei around a bit with a large trout
[12:35] {Chaeron} wake up
[12:35] {Threei} I don't want to...
[12:35] {Threei} palm trees sway...
[12:35] {Threei} waves gently hit the sand...
[12:35] {Chaeron} saw a house on the big island for you... $7.5MM... you got that yet?
[12:36] {Threei} that's a whole price or downpayment?
[12:36] {Chaeron} full price
[12:36] {Threei} must be some run down fixer upper...
[12:36] {Chaeron} yeah... but you got that yet???
[12:36] {Threei} lemme look
[12:37] {Threei} OK... I have $3.62
[12:37] {Chaeron} then wake up
[12:37] {Threei} if I wait a bit more, can I count on price dropping there?
[12:37] {Chaeron} heheh
[12:38] {Threei} I coluld probably borrow about $1.24 more
[12:38] {Chaeron} you're still dreaming
[12:44] {dino} lmnx
[12:44] {Threei} JP MORGAN ANNOUNCES IT WILL MODIFY $110B IN MORTGAGES IN AN EFFORT TO 'KEEP FAMILIES IN HOMES'
[12:44] {Threei} - program seeks to prevent 650K foreclosures
[12:47] {dino} more like effort to avoid mark to zero
[12:47] {Threei} not sure how they modify it, but if this is simple write down of the mortgage value,
[12:48] {dino} y, but not to zero
[12:48] {Threei} I wonder how the neighbor feels, one who got second job, cut his spending, and did all he could to keep payments
[12:48] {dino} cash flows worth something
[12:48] {dino} mad as hell
[12:49] {Threei} Long Setup: LVS 13.10
[12:49] {Threei} if stays above 13
[12:50] {Threei} 1:1 in a hurry
[12:50] {Threei} half out
[12:51] {Threei} stop to .04
[12:52] {Threei} 1:2
[12:52] {_oneiron} half out LVS
[12:52] {Threei} capanle of more
[12:52] {Threei} capable too
[12:52] {dino} out aiv .12, +.10
[12:52] {Threei} offering 1/4 at .40
[12:53] {Threei} direct hit
[12:53] {Threei} offering last portion .55
[12:53] {Threei} stop to under .20
[12:54] {_oneiron} holding 1/2 LVS
[12:54] {Threei} trying to outgreed me?
[12:54] {_oneiron} yes..but not out think..
[12:54] {Threei} oh, that part is easier
[12:54] {Threei} since I don't think at all
[12:55] {_oneiron} lol
[12:55] {Threei} nothing but headache and losses, I am tyellin' ya
[12:56] {dino} gj one
[12:57] {dino} as they save, in the end there can only be one
[12:57] {Threei} save?
[12:58] {dino} say
[12:58] {dino} opps
[12:58] {Threei} dino, magoo is pouring beer down your throat or what? :})
[12:58] {Threei} keeping you at gunpoint
[12:58] {dino} i wish
[12:58] {Threei} lol
[12:58] {dino} chicken wings making my typing worse
[12:59] {peterg} barbequed?
[12:59] {dino} no mild fried
[12:59] {dino} good tho
[12:59] {peterg} yum; just had clam chowder
[12:59] {dino} mmm
[12:59] {peterg} on the trading cruise, I want 24 hour restaurant
[13:00] {dino} indeed
[13:00] {Threei} is there any other way to cruise?
[13:00] {dino} when is it vad? or bahamas
[13:00] {Threei} out last portion LVS
[13:01] {Threei} counted on this year with bahamas
[13:01] {Threei} but some developments took a bit too long
[13:01] {Threei} doubt it's douable in remaining time
[13:02] {_oneiron} out last portion LVS
[13:02] {Threei} awww... overtightened last portion
[13:02] {peterg} I'll be in cayman islands over xmas & new years, on land
[13:02] {Threei} thing shook out and proceeded as told
[13:02] {Threei} hit my .55
[13:02] {_oneiron} It's alright thanks Vad
[13:02] {_oneiron} .55
[13:03] {Threei} whatever... profit preservation and adding to it in a safest way possible was set as a task for the rest of the day
[13:03] {dino} this year no good for me, but next year
[13:03] {peterg} nice one
[13:03] {Threei} and this trade developed perfectly for the scenario
[13:05] {dino} sweet peter
[13:05] {Threei} cayman eh
[13:06] {Threei} oh boy
[13:06] {Threei} GG CEO: GOLD'S SAFE HAVEN STATUS AFFECTED BY 'INDISCRIMATE' SELLING, WILL RETURN NEAR $1000/OZ IN NEAR FUTURE - CONF CALL
[13:06] {Threei} one more gold price predictor
[13:06] {Threei} how many of them got killed already this year
[13:07] {dino} lots
[13:08] {dino} they are on buy the top sell the bottom
[13:09] {Threei} LVS is continuing its quest for the end of the universe
[13:09] {Threei} one thing I could never understand is gold
[13:09] {Threei} it never seems to be doing what normal macroeconomic and monetary analysis show
[13:10] {Threei} so I am staying away not trying to pretend I know what's diving it
[13:10] {dino} out kbr .88, +.12
[13:10] {Threei} but one thing I've noticed over years
[13:10] {Threei} a lot of devoted goldbugs are very angry people
[13:11] {dino} inflation drives it, we are deflating at the moment
[13:12] {Threei} time top start watching Qs for 33 break
[13:12] {Threei} top = to
[13:14] {hawkfan4} $VIX heading for the month-long trendline
[13:16] {Threei} Long Setup: QQQQ 33 break if stays above .90
[13:18] {hawkfan4} for once i think Cramer's gonna be right about the ramp-up
[13:18] {dino} sm l clf .70
[13:18] {hawkfan4} QLD .10, stop under .90
[13:19] {dptl} l qqqq .01
[13:20] {dino} going for 2x huh hawk
[13:20] {hawkfan4} feelin it
[13:21] {hawkfan4} either that or it's the mexican food i had for dinner last night
[13:21] {Threei} lol
[13:21] {dino} lol
[13:23] {Threei} 1:1
[13:23] {_oneiron} out 1:1 1/2 Q's
[13:24] {Threei} 1:2, me out
[13:24] {jmb} thanks vad
[13:24] {Threei} welcome :)
[13:24] {Threei} any single stop today?
[13:24] {lisa_jay} .15 Q's vad, took cvs for .22 thanks.
[13:24] {Threei} where is Geo, he is a scorekeeper
[13:24] {_oneiron} out 1:2 Thank you sir!
[13:24] {Threei} lisa :)
[13:24] {Chaeron} Q's - in .01 out .21 +$0.20 Thanks x3 Vad
[13:24] {Threei} welcome guys
[13:25] {Threei} can I go home?
[13:25] {Chaeron} no
[13:25] {Threei} 'cause it pains me to look at LVS, lol
[13:26] {dino} nice on qld
[13:28] {hawkfan4} thx, still in
[13:29] {dino} fcx hl l .30
[13:32] {dino} out fcx .54, +.24, out clf .10, +.40
[13:33] {dino} gj dino
[13:34] {hawkfan4} vix cracking, nice dino :)
[13:34] {dino} :)
[13:34] {dino} qld was good one hawk
[13:37] {hawkfan4} ty. was hoping for a runner but the market's still in fit-and-starts mode looks like
[13:45] {hawkfan4} Kass selling the rip
[13:45] {dino} shld
[13:45] {Threei} hawk... english? :)
[13:45] {dino} buy the dip sell the rip
[13:45] {hawkfan4} Doug Kass
[13:45] {hawkfan4} Desperadoes, Why Don't You Come to Your Senses?
[13:45] {hawkfan4} 10/31/2008 1:31 PM EDT
[13:45] {hawkfan4} As anticipated, the desperadoes are taking up the markets into month-end. And I am taking advantage of the rip and selling out my few remaining long rentals.
[13:46] {dino} kass, hedge fund/real money.com
[13:46] {lisa_jay} Wasn't that Eagles?
[13:46] {dino} the guy has been pretty good since sept.
[13:46] {dino} missed shld
[13:46] {patience} too weird, just listening to that song on my ipod
[13:47] {lisa_jay} :-)
[13:48] {Threei} you girls
[13:49] {Threei} listening to the same music
[13:49] {lisa_jay} Showing our (my) age.
[13:50] {Threei} PREVIEW: FED CHAIRMAN BEN BERNANKE IS SCHEDULED TO SPEAK ABOUT MORTGAGE FINANCE AT A SYMPOSIUM AT 2PMET
[13:50] {Threei} **an advanced text is expected but there will be no Q&A.
[13:50] {Threei} music is ageless
[13:50] {Threei} (nugget of wisdmo for the day)
[13:50] {Threei} or wisdom
[13:50] {hawkfan4} out qld +.36, looks down now
[13:50] {lisa_jay} Vad, is that head and shoulders on qqqq?
[13:51] {Threei} yup
[13:55] {magoo} vad..up into bell or sell
[13:55] {Threei} I'll take the Fifth
[13:56] {magoo} arrow to your groin time
[13:56] {lisa_jay} Lol.
[13:56] {Threei} whatever.. I already have two kids
[13:57] {dino} i see vad, like his cousin vlad the impaler, likes pain
[13:58] {magoo} and voirgins i blieve
[13:58] {Threei} cousin? we are siblings
[13:58] {dino} dracula bro's, interesting
[13:59] {Threei} why do you think I am in comay during daylight hours
[14:00] {magoo} and fat
[14:00] {Threei} sigh
[14:00] {Threei} BERNANKE: GOVT GUARANTEE FOR GSE MUST BE MAINTAINED, COULD USE FDIC STYLE INSURANCE FOR INSURANCE BONDS
[14:01] {Threei} you just make sure that arrow has no wooden head and wasn't anywhere near garlic
[14:01] {Threei} the rest we undead don't care about
[14:02] {magoo} tips made out of silver.....i believe thats a problem
[14:02] {Threei} for werewolves only
[14:02] {Threei} our pets, you know
[14:03] {lisa_jay} Sigh....UAUA cup and handle breakdown. I need to learn to trade the plan and not get scared.
[14:03] {Threei} what are you scared of lisa...
[14:04] {Threei} keep your stop, take valid entries
[14:04] {Threei} let them do their thing
[14:04] {Threei} it's either profit or stop
[14:04] {Threei} go with valid proven setups, odds are on your side
[14:04] {Threei} profits will be more frequent and bigger than losses
[14:04] {Threei} that's it there is to trading
[14:05] {lisa_jay} I am going to print this and stick it on my eyelids.
[14:05] {dino} do it
[14:05] {Threei} over last month, and trading gods know it was the most unusual and scary month in market's historyu, we had 2 (TWO) losing days
[14:05] {dino} if your stops are correct and your system works, you will be fine
[14:06] {Threei} if that is not a proof of a concept, I don't know what is
[14:06] {lisa_jay} My biggest mistake is not letting my valid stops be hit....Lost a lot money abandoning plan mid trade.
[14:07] {dino} stops keep you in the game lisa, don't move them ever.
[14:07] {dino} trading is not about being right, it's about trading right
[14:07] {Threei} lisa, have you gone already through psychology part of MPP?
[14:08] {lisa_jay} Working on it....
[14:08] {lisa_jay} Will get to it this weekend.
[14:08] {Threei} it has practical recipes
[14:08] {Threei} not just usual psychodrivel
[14:08] {Threei} but practical tricks to make your mind work as trading environment requires
[14:09] {Threei} you'll be a new gal on Monday
[14:10] {lisa_jay} Sounds interesting. Went through all the Videos. Learning a lot from your calls.
[14:12] {Threei} that was such a fun making them
[14:13] {Threei} very challenging but fun
[14:14] {Threei} the very idea of being first one ever doing that was quite inspiring
[14:14] {Threei} to the best of my knowledge, it's still the only course done in this fashion
[14:15] {lisa_jay} It is bringing a lot of structure to my wild trading....So thank you for making them.
[14:15] {Threei} :)
[14:15] {brian3579} vad what course are you guys talking about
[14:16] {Threei} video course
[14:16] {Threei} so many educational outfits and people claiming guru status... and no one ever thought of simply recording his trading and explaining real time what he does
[14:16] {Threei} what does it tell you?
[14:16] {brian3579} i find them very helpfull
[14:16] {Threei} next best thing to sitting next to me
[14:17] {magoo} vad, do u still offer the trading video course rated MA?
[14:17] {Threei} what's ma?
[14:17] {lisa_jay} UAUA breaking down nicely....would have given 2:1 with .5 break down. See before i would not know diddly about this setup or how to use it.
[14:17] {magoo} mature audiences, nudity, violence
[14:18] {Threei} I don't offer any other mags
[14:18] {magoo} lol
[14:18] {Threei} and please, don't forget coarse language
[14:18] {brian3579} lol
[14:18] {Threei} wouldn't even think of making one without it
[14:18] {dptl} lol you guys
[14:19] {Threei} funny how life intrudes in recording those videos
[14:19] {Threei} phone rings
[14:19] {Threei} I am pouring coffee or clicking Zippo, then realizing that all these sounds go into recording
[14:20] {lisa_jay} Zippo...will pay attention to that next time...and coffee, I thought that was Vodka.
[14:20] {Threei} lol
[14:21] {Threei} have a look at UAUA daily
[14:21] {Threei} C&H
[14:21] {Threei} 16 rim
[14:22] {Threei} hopefully doesn't break today
[14:22] {Threei} beyond the risk I would be willing to tolerate today
[14:22] {Threei} Monday, different story
[14:22] {Threei} new week, new month
[14:27] {Threei} LVS 15 break... only if you have money to spare
[14:27] {Threei} stop under .85
[14:28] {Threei} risky as trying to take bow from magoo, vodka from dp or wake me up in the middle of trading day
[14:28] {dptl} lol
[14:29] {dptl} thats too risky
[14:30] {dino} no respect
[14:30] {lisa_jay} Wow, that was risky.
[14:31] {lisa_jay} broke above and tanked
[14:31] {Threei} yup
[14:31] {Threei} not something I want to do today
[14:31] {Threei} that's why so many warnings
[14:32] {lisa_jay} Did not take trade.
[14:32] {dino} aiv s .04
[14:34] {dino} aiv stopped -.22
[14:40] {dino} double top?
[14:41] {Threei} on what?
[14:42] {dino} dji
[14:42] {dino} chaos
[14:42] {Threei} can't tell really
[14:42] {dino} yes, it is imo
[14:43] {dino} alto i may be wrong
[14:45] {dino} alto=although
[14:45] {lisa_jay} lvs this break worked.
[14:46] {_oneiron} out 1/2 AMAT 1:1 JBE trailing stop for remainder
[14:46] {Threei} 13 break?
[14:46] {_oneiron} Yes sir!
[14:46] {Threei} nice looking setup
[14:46] {Threei} getting it down oneiron :)
[14:46] {dino} gj one
[14:46] {_oneiron} Right out of your book.
[14:46] {Threei} LVS is chaos lisa...
[14:47] {Threei} I have a book?
[14:47] {_oneiron} thanks dino!
[14:47] {Threei} people keep telling me that
[14:47] {Threei} I gotta find it and try to read
[14:47] {_oneiron} TOTR
[14:47] {Threei} but I have troubles putting letters together to words
[14:47] {_oneiron} lol
[14:47] {Threei} not even speaking of qwords to sentences
[14:49] {lisa_jay} TOTR OneIron?
[14:49] {Threei} lisa tried to enter it as a stock symbol?
[14:49] {_oneiron} Techniques of Tape Reading lisa.
[14:49] {_oneiron} lol
[14:50] {lisa_jay} Thanks Oneiron.
[14:50] {Threei} I keep trying to find out quotes for ROFL
[14:50] {dino} they're funny
[14:50] {_oneiron} Your welcome lisa.
[14:52] {dino} v sm dxd l .55 risky
[14:52] {lisa_jay} Q's coiling...which way will they break?
[14:52] {Threei} yes lisa
[14:53] {Threei} sorry... smart a$$ answer :)
[14:56] {Threei} LVS did its best to kill both sides
[15:01] {Threei} wishbone, you here?
[15:01] {Threei} dcc me please
[15:02] {dino} dxd stopped -.35
[15:02] {dino} taking break, starting to give back
[15:05] {Threei} first time in many days I started getting 52 week high alerts
[15:06] {dino} .
[15:06] {Threei} CBST, AFAM
[15:06] {lisa_jay} Bull is back!!!
[15:06] {Threei} ALGT
[15:13] {dino} kbr s .18
[15:18] {peterg} all mimsey were the borogroves
[15:18] {peterg} if i remember correctly
[15:18] {Threei} umm... what?? :)
[15:18] {peterg} random friday poetry fragment
[15:19] {peterg} jabberwockey
[15:19] {peterg} you know how i like to be obscure
[15:19] {Threei} here is a sample of my poetry:
[15:19] {Threei} Tree good.
[15:19] {Threei} Fire bad.
[15:19] {Threei} Morning.
[15:19] {Threei} The end.
[15:19] {peterg} me like
[15:19] {Threei} me glad
[15:20] {peterg} all good then
[15:20] {Threei} always
[15:20] {peterg} unless otherwise
[15:20] {peterg} specified
[15:20] {Threei} can you believe all the value in this room
[15:20] {Threei} trading calls,
[15:20] {Threei} bad jokes,
[15:20] {Threei} AND bad poetry??
[15:20] {peterg} doesnt get any better
[15:22] {Threei} add bad spelling and grammar to that,
[15:22] {Threei} it's just heaven
[15:22] {lisa_jay} QQQQ's broke up and then broke down....
[15:22] {hawkfan4} now if you only served refreshments...
[15:22] {peterg} would you like a quote from sigmujnd freud c.1896?
[15:22] {Threei} lol
[15:22] {magoo} and FISH
[15:22] {Threei} this is exactly kind of action I hate lisa
[15:22] {Threei} no follow through
[15:22] {Threei} oh, and fish... magoos right
[15:23] {peterg} Much will be gained if we succeed in transforming your hysterical misery into common unhappiness.
[15:23] {dino} well had the idea w/dxd and aiv, just a bit soon
[15:23] {peterg} I can also provide the original german if desired.
[15:23] {Threei} did he address the market in saying that peter?
[15:24] {peterg} great idea!
[15:24] {peterg} sounds right to me
[15:24] {Threei} 'cause sounds like a group of investors praying for capitulatory selloffs to end,
[15:24] {Threei} and market to switch to slow grind
[15:24] {peterg} is that what is coming?
[15:24] {lisa_jay} Yeah Dino, they faked us out before the breakdown.
[15:24] {Threei} well, huge selloff daysd are over for now
[15:24] {dino} cov kbr .98, +.20
[15:26] {dino} inded
[15:26] {peterg} ok have fun all--back to wrk 4 me
[15:27] {dino} cya peter
[15:27] {dino} kbr s .90
[15:28] {lisa_jay} Bye Peter
[15:28] {dino} getting whippier
[15:28] {Threei} take care peter, have a great weekend
[15:28] {magoo} bye padre
[15:30] {dptl} happy helloween all and good weekend :)
[15:31] {hawkfan4} u2 dp
[15:31] {Threei} take care dp :)
[15:32] {dino} cya dp\
[15:36] {_oneiron} bounce scalp AMAT 1:1 out in full
[15:37] {dino} gj
[15:38] {_oneiron} small kettle of fish for you high rollers dino..thanks.
[15:42] {dino} you did very well today, good job
06[15:42] * magoo slaps dino around a bit with a large trout
[15:42] {dino} dji just lost 100 pts in like a minute
[15:42] {lisa_jay} Who is the older brother - Magoo or Dino?
[15:42] {dino} magoo
[15:43] {lisa_jay} For real?
[15:43] {Threei} nice selloff
[15:43] {magoo} cramer was calling 100 points long here
[15:44] {dino} yes
[15:44] {dino} 3 years
[15:45] {dino} cov kbr .81 +.09 too jumpy
[15:46] {Threei} glad to see LVS, UAUA retreating
[15:46] {dino} but lisa, i am the much better looking one
[15:46] {Threei} more opportunities next week
[15:47] {lisa_jay} :-)
[15:48] {dino} lstr
[15:49] {Threei} what was this oil spike about
[15:50] {dino} filled up my car
[15:50] {Threei} oh
[15:50] {Threei} can you alert us in dvance so we go long USO
[15:50] {Threei} SENATOR GRASSLEY REQUESTS AIG DISCLOSE HOW MUCH OF THE $123B IN FED LOANS IT HAS SPENT
[15:50] {Threei} and on what
[15:56] {dino} calling it a day and week, thx all turned into a good one
[15:57] {lisa_jay} Thanks for help this week Dino. Have a good weekend.
[15:57] {Threei} ok guys, thank you all
[15:57] {hawkfan4} cya all
[15:57] {Threei} great week, ended by a great day
[15:57] {lisa_jay} Thanks Vad.
[15:57] {Threei} have a good relaxing weekend
[15:57] {Threei} see you all on Monday
[15:57] {magoo} bye all
[15:57] {dino} np
[15:59] {_oneiron} thanks everyone and have a good week end dino!

Thursday, October 30, 2008

Oct 30 2008

Interesting day with quite a few of different trades. Quick ones on HIG and LVS, very slow and steady ARRS. We read well most of the day, then skipped traditional end of the day selloff, except couple quick bounce scalps. This pattern of selling at the end of session becomes all too familiar, the day when market fools too complacent traders and does the opposite is close.

Session Time: Thu Oct 30 00:00:00 2008

[08:56] {Threei} Good morning
[08:56] {cosmo} solars rising
[08:58] {cosmo} i hear no birds singing yet though
[09:00] {Onix} Good morning all
[09:00] {Threei} cosmo, onix :)
[09:01] {Raven} arghhhhh
[09:01] {cosmo} 3i:)
[09:01] {Raven} THAT WAS A SONG COSMO
[09:01] {cosmo} i heard a squawk
[09:02] {Raven} best I can muster
[09:02] {Threei} lol
[09:02] {cosmo} i understand
[09:02] {Raven} yes
[09:03] {Raven} more tea might help ... brb
[09:03] {cosmo} tea party
[09:08] {Threei} Q3 ADVANCED GDP ANNUALIZED: -0.3% V -0.5%E; PERSONAL CONSUMPTION: -3.1% V -2.4%E
[09:08] {Threei} INITIAL JOBLESS CLAIMS: 479K V 475KE; CONTINUING CLAIMS: 3.715M V 3.735ME
[09:08] {Threei} - Prior Initial Jobless Claims revised from 478K to 479K
[09:08] {Threei} - Prior Continuing Claims revised from 3.735M to 3.727M
[09:16] {Threei} market is testing yesterday's high
[09:16] {cosmo} me too
[09:17] {Threei} successfully?
[09:17] {cosmo} first cup went down good
[09:17] {ese} i'm here..i'm here....let the bells ring let the banners fly....i'm here!!!
[09:18] {Threei} {--- full of envy
[09:18] {Threei} ese :)
[09:18] {dptl} good morning all
[09:18] {ese} morning vad
[09:18] {Threei} dp :)
[09:18] {ese} dp
[09:18] {Onix} hi ese
[09:18] {Onix} hi dp
[09:18] {dptl} :)
[09:18] {ese} onix....
[09:19] {Threei} ideally, I'd like to see little pullback, shallow enouigh to warrant good support, a few minutes of consolidation, then break
[09:19] {ese} hows life in the fast lane ....of reality trader that is?
[09:21] {Onix} ese, it's no piece of cake, but I;m sticking to it
[09:22] {ese} i would agree....stick with it though.....
[09:22] {Geo} gm all
[09:22] {ese} geo
[09:23] {Onix} hi Geo
[09:23] {lisa_jay} Hi Geo.
[09:23] {ese} what looks good in pre market action Vad?
[09:23] {dino} gm all
[09:24] {ese} dino
[09:24] {Threei} geo :)
[09:24] {Threei} dino :)
[09:24] {Threei} I am very tempted to say my reflection in the mirror, ese... but that would be far from reality
[09:24] {Onix} hi dino
[09:24] {dino} :)
[09:25] {ese} ha ha ha ....you were a comedian in a former life weren't you.....go ahead admitt it!!!!
[09:25] {Threei} yes but Seinfield was never worried, really
[09:25] {Threei} and I never quit my day job... thankfullty
[09:26] {dino} these open up big gaps have been getting filled lately
[09:26] {Geo} are you saying he isnt good enuff in this life ese?
[09:26] {Threei} yes dino
[09:26] {Threei} one of scenarios is gap fill, then ramp up
[09:26] {Threei} another is just upl,ift without gap fill
[09:26] {Threei} waiting to see which one materializes
[09:27] {ese} not at all.....just an observation.....
[09:27] {Threei} NVDA topped out at .80 yesterday
[09:27] {ese} i would agree with the up gaps scenario dino......always seems to pull back most stocks
[09:27] {Threei} LVS 10.97
[09:29] {ese} anyone see new on ACGY....
[09:29] {Threei} nothing fresh
[09:31] {ese} tks
[09:33] {Threei} LVS
[09:33] {Threei} bounce of 10, half lot
[09:35] {Threei} out who got it
[09:36] {Geo} in .17 out .03
[09:36] {Geo} beauty call vad
[09:36] {Threei} beauty
[09:36] {Threei} let it pull back
[09:37] {Threei} it's not done but it's a pullback stock rather than breakout
[09:37] {Geo} wow lvs as you said yesterday... will never stop
[09:39] {Threei} lol
[09:39] {Geo} anyone who is still holding is my hero
[09:39] {Threei} hawk, his whole 10K lot
[09:39] {Geo} and onix
[09:40] {hawkfan4} lol, no, but SLW pretty darn nice ;})
[09:40] {Threei} hehe
[09:40] {Onix} i missd it
[09:40] {Geo} wow LVS
[09:41] {Geo} no pullbacks
[09:41] {Threei} SLW is silver play, together with PAAS and SSRI
[09:41] {Threei} wow
[09:41] {Threei} WHITE HOIUSE AIDE LAZEAR: US ECONOMIC SLOWDOWN TO LAST A FEW MONTHS
[09:41] {Threei} who would have thought
[09:42] {Geo} isnt gdp number due today?
[09:42] {Threei} [09:08] {Threei} Q3 ADVANCED GDP ANNUALIZED: -0.3% V -0.5%E; PERSONAL CONSUMPTION: -3.1% V -2.4%E
[09:42] {dino} v sm l dxd .80
[09:43] {Geo} ops already done
[09:43] {Threei} market decided not to fill the gap today
[09:44] {Threei} watch Qs for long near .80
[09:45] {dino} stopped dxd too soon
[09:45] {Threei} if missed it, new play if .95
[09:45] {Threei} stop under .80
[09:46] {dptl} got .87
[09:46] {Threei} not a scalp
[09:48] {Threei} Long Setup: BRCM .83 if stays above .70
[09:51] {Threei} not holding support
[09:51] {Geo} out
[09:52] {dino} big rinse dxd,
[09:53] {Threei} not very clear here
[09:53] {Threei} pullback is deeper than smooth runup suggests
[09:53] {dptl} was out 33 +.13 qqqq ty
[09:54] {dino} gj
[09:54] {Geo} nice dp
[09:54] {dptl} ty
[09:55] {Threei} watching if FITB holding 10.95
[09:55] {Threei} Long Setup: FITB 11.10 break if stays above 10.95
[09:56] {Threei} nope
[09:57] {cosmo} FDRY tests .50 soon
[09:57] {cosmo} i think
[10:01] {dino} gs
[10:02] {Threei} churning action
[10:02] {Threei} no direction for now, sitting on a sideline
[10:03] {peterg} hello team
[10:03] {Threei} LVSA
[10:03] {Threei} matybe a double bottom at 11
[10:03] {Threei} LVS, sorry
[10:03] {Threei} peter :)
[10:03] {dino} going to blow one way or other
[10:04] {Threei} confirmation is a bit too far from bottom, above 11.50
[10:07] {Threei} Qs, either pullback into .75 - .80 zone
[10:07] {Threei} or break of .90 if stays above .85
[10:09] {ese} long CIEN .96 pullback on break full lot
[10:10] {Threei} had bid at .75, no hit
[10:10] {Threei} did I really need to save that 1 cent??
[10:10] {Threei} cancelling
[10:10] {Geo} :)
[10:10] {Threei} anyone was smarter?
[10:11] {Geo} just watching.... not clear enuff
[10:11] {Geo} LVS break of .5 with NQ?
[10:11] {Threei} [10:07] {Threei} Qs, pullback into .75 - .80 zone {--- thing hit .76 and bounced to .90, how was it not good enough for me?
[10:11] {Geo} lol
[10:12] {Threei} no, I had to be a perfectionist and try for the low of the zone
[10:12] {Threei} if stays above .25 Geo
[10:12] {dino} could be lower high in the making
[10:12] {Threei} and slippage is a b*tch on this one
[10:13] {Threei} so far yes dino, Qs couldn'rt break .90 on a few tries
[10:13] {Threei} reinforces .91 as long trigger
[10:13] {ese} Stop to .85 CIEN
[10:13] {Threei} but this time only if holding above .80
[10:14] {Threei} don't try to get it at .75 this time if drops there
[10:14] {Threei} too many retests
[10:14] {Threei} .60 next support for bounce
[10:15] {Threei} volume is very questionable everywhere
[10:16] {Threei} hard to make anything out of it
[10:18] {dino} uthr sm s .90, stop .33
[10:18] {dino} jumpy one careful
[10:19] {ese} BAAAAAAA. stopped CIEN .85 -.11
[10:19] {Geo} hmmm going towards gap fill?
[10:19] {Threei} a bit too far from there....
[10:20] {Threei} although with all the volatility we have, anything's possib;e
[10:20] {ese} maybe geo....
[10:20] {Geo} seems like lower highs lower lows
[10:20] {dino} stopped
[10:21] {Threei} where is magoo?
[10:25] {dino} bow hunting
[10:25] {Threei} argh
[10:25] {Threei} does he have a spare bow if I bring vodka?
[10:26] {Threei} (and to bring vodka I just need to invide dp, he never leaves home without 3 bottles - just in case he gets thirsty)
[10:26] {Threei} invite
[10:26] {laserdave1} ya we can dress magoo up with antlers on his head
[10:26] {dptl} lol
[10:26] {hawkfan4} lol
[10:26] {dino} lol
[10:27] {ese} alright....everyone close your eyes and picture that one........DRUNK BOW HUNTING}}}}}
[10:27] {laserdave1} lol
[10:27] {Threei} dream come true
[10:27] {laserdave1} that was good
[10:27] {Geo} atleast it wont hurt
[10:27] {laserdave1} i needed a morning laff
06[10:27] * Geo slaps laserdave1 around a bit with a large trout
[10:28] {Geo} how come we dont do this?
[10:28] {Geo} sorry bud.... the room made me do it
[10:28] {ese} sighting target with with eyes all askew......sure leavesa alot to the imagination......
[10:28] {laserdave1} hmmmm
[10:29] {laserdave1} i wonder if magoo is thinking of us right now?
[10:29] {laserdave1} and what he is thinking when he has that bow in his hand
[10:29] {Threei} yes but you don't want to know what exactly he is thinking
[10:30] {dino} dxd sm l .00
[10:31] {dino} i bet he's sleeping under tree, we went out for happy hour(s) last night
[10:31] {Threei} lol
[10:31] {dino} 4-9
06[10:32] * Chaeron slaps laserdave1 around a bit with a large trout
[10:32] {Chaeron} hi all
[10:32] {Threei} chaeron :)
06[10:32] * laserdave1 slaps Threei around a bit with a large trout
06[10:32] * laserdave1 slaps Threei around a bit with a large trout
06[10:32] * laserdave1 slaps Threei around a bit with a large trout
06[10:32] * laserdave1 slaps Chaeron around a bit with a large trout
[10:32] {Threei} what's with all the abuse
06[10:32] * laserdave1 slaps Geo around a bit with a large trout
[10:32] {Geo} now he is pissed
[10:33] {Threei} no, this is sign of happiness with dave
[10:33] {Geo} :)
[10:33] {laserdave1} laserdave1 slaps magoober around with a big large trout
[10:33] {laserdave1} indeed i love you allllllllll
[10:33] {Chaeron} must have been out drinking with mags last night
[10:36] {Geo} [07:18] {Geo} hmmm going towards gap fill?
[10:37] {Threei} [10:19] {Threei} a bit too far from there....
[10:37] {Threei} [10:20] {Threei} although with all the volatility we have, anything's possib;e
[10:37] {Geo} lol
[10:37] {Threei} since we are resorting to quoting ourselves... :)
[10:37] {Geo} hey i learned that from u
[10:37] {hawkfan4} [09:26] {hawkfan4} lol
[10:38] {Geo} thought that was a trading room service
[10:38] {hawkfan4} in dxd .05 small dino
[10:38] {dino} i'm a biot off today, use your head
[10:39] {dino} bit
[10:42] {Threei} still listless out there
[10:43] {dino} out dxd .90, +.90
[10:43] {Threei} pace picks up a bit
[10:44] {Threei} wtg dino
[10:44] {dino} ugh
[10:44] {dino} way soon
[10:45] {dino} wants to fill gap
[10:46] {dino} hawk, you get out?
[10:47] {hawkfan4} no, spaced on that spike, but i'm gonna hang with it
[10:47] {dino} gl
[10:47] {Threei} Long Setup: LVS 11.10 break
[10:47] {Threei} if stays above 10.90
[10:49] {Threei} Long Setup: QQQQ .41 if stays above .30
[10:49] {dino} don't get too greedy, imo...we can enter again
[10:50] {hawkfan4} yeah, was hoping for a faster run, if q's break .40 i'm out
[10:51] {Threei} Attention: LVS 1:1 half out, scalpers take profit
[10:51] {dino} dxd is dji x 2
[10:51] {hawkfan4} out .45 + .40, thx for the idea
[10:51] {dino} inverse
[10:52] {dino} gj
[10:52] {dino} watch dji, then trade it
[10:52] {hawkfan4} yep, thx :) was a good idea, gonna keep that one on my screen
[10:52] {dino} dji should top around 133
[10:52] {dino} it's a pulp trader
[10:52] {Geo} pulp?
[10:53] {Geo} pls elaborate
[10:53] {lisa_jay} Thanks Vad, LVS .23
[10:53] {Threei} :)
[10:53] {dino} george costanzza sienfeld, "pulp moves baby" when he got pulp in his eye
[10:53] {Chaeron} LVS in .12 out .34 +$0.22 thanks Vad
[10:53] {Threei} welcome guys
[10:54] {Geo} lol ok :)
[10:54] {dino} now if i hear that on cnbc.....
[10:54] {Threei} QQQQ over 1:1
[10:54] {Threei} LVS almost 1:2
[10:54] {dino} they used our costanazza trade, opposites
[10:54] {Threei} yeah, lol
[10:54] {Threei} fess up
[10:55] {Threei} who is CNBC's spy in here?
[10:55] {hawkfan4} I'm really Carl Quintania
[10:55] {dino} lol and i'm becky quick
[10:56] {dino} ok here comes 133 area
[10:57] {Geo} .12 to .42 .30 cents on LVS TY vad
[10:57] {dino} gj
[10:57] {Chaeron} nice Geo
[10:57] {lisa_jay} Great job Geo.
[10:57] {Threei} Qs anyone?
[10:57] {Threei} over 1:2 LVS
[10:57] {hawkfan4} yes, +14 vad, thx
[10:57] {Geo} i figured Q qould pull LVS more
[10:57] {Threei} out
[10:58] {Threei} hawk :)
[10:58] {Geo} multitasking is tough
[10:58] {Threei} no kidding
[10:58] {Chaeron} in Q's Vad
[10:58] {Threei} no matter how many times I try to walk and chew gum
[10:58] {Geo} true
[10:58] {Threei} just doesn't work
[10:58] {Threei} patialed out chaeron?
[10:59] {Threei} too jerky today
[10:59] {Chaeron} no
[11:00] {lisa_jay} I took it...but out for 5c only.
[11:01] {lisa_jay} QQQQ
[11:01] {Chaeron} took .12 on it and full out... Thanks Vad... again
[11:01] {Threei} welcome
[11:01] {Threei} I still have haalf
[11:01] {Threei} stop just under breakeven
[11:02] {Threei} .39
[11:02] {Chaeron} I got out so it would go up for you
[11:02] {Threei} oh
[11:02] {Threei} very considerate
[11:02] {Chaeron} see?
[11:02] {Geo} selfless
[11:02] {Threei} just don't count on me sharing the profit
[11:02] {Geo} lol
[11:02] {Chaeron} what? you're not into redistribution??????
[11:02] {Threei} I am not a fan of wealth spreading {G}
[11:02] {Threei} lived under that for 35 years, thank you very much
[11:03] {Threei} out in full
[11:03] {Threei} .67
[11:03] {Chaeron} great one
[11:03] {Chaeron} next!
[11:03] {Geo} i thought you went to canada to spread the word
[11:03] {Threei} word?
[11:03] {Threei} what wqord?
[11:03] {peterg} we are all fans of wealth spreading here: we take it from others for ourselves
[11:03] {Threei} I don't know any words
[11:03] {Threei} I know some letters
[11:03] {Threei} and hit them randomly
[11:04] {Threei} sometimes they do fall in just right
[11:04] {Geo} heh
[11:05] {Threei} you know that if you put 1000 monkeys in front of typewriters, they will write War and Piece eventually providing time is unlimited, right?
[11:05] {Threei} peace too
[11:05] {peterg} and Shakespear too
[11:06] {Chaeron} and given unlimited time, Threei will type one entry with no flaws...
[11:06] {Geo} ooooh
[11:06] {Threei} hmmm
[11:06] {Geo} i bet you spell checked that line cher
[11:06] {Chaeron} lol
[11:06] {Threei} I think monkeys have better shot at war and Peace, chaeron...
[11:06] {Geo} lol
[11:07] {Chaeron} awwwwww, *I* have faith in ya, big guy!
[11:07] {Threei} now he calls me fat
[11:07] {Threei} day of insults
[11:07] {Threei} and no magoo to slap
06[11:07] * Geo whistles
[11:07] {dino} dracula o history channel
[11:07] {Threei} just how bad can it get
[11:08] {dino} vad dracula, opps vlad
[11:08] {Geo} OIS
[11:12] {dino} sm l ddm .15
[11:18] {Threei} interesting trading today
[11:18] {Threei} period of drifting,
[11:18] {Threei} then suddenly readable pattern emerges
[11:19] {dino} stopped -.30
[11:19] {Threei} gotta take it, profit from it and go back on a sideline while market switches back to meaningless noize
[11:28] {Chaeron} .
[11:29] {hawkfan4} sh aapl sm .75, stop over 110
[11:32] {Geo} nice hawk
[11:32] {hawkfan4} whew
[11:32] {Geo} :)
[11:32] {Threei} beautiful
[11:34] {hawkfan4} thx, looking for under 109
[11:35] {Geo} chaeron dcc pls
[11:36] {hawkfan4} 1/2 out +.65
[11:36] {dino} nice
[11:36] {hawkfan4} ty
[11:36] {Threei} .65?
[11:36] {Threei} or 1.65?
[11:37] {Threei} oh, sorry
[11:37] {hawkfan4} 109.75 to 109.10
[11:37] {Threei} looking at wrong stock
[11:37] {Threei} never mind me
[11:37] {Threei} ever
[11:37] {hawkfan4} lol
[11:38] {Threei} looking at LVS...
[11:38] {Threei} this thing just won't give up
[11:38] {Threei} look how stubbornly it hangs in there
[11:39] {Threei} if it stays around these levels, it prepares big surprize once again
[11:40] {Threei} it's abit fuzzy because of volatilyt,
[11:40] {Threei} trades in zones rather than in exact levels,
[11:40] {Threei} but overall, rough idea:
[11:40] {Threei} 11.80 break if stays above 11.50
[11:41] {Threei} and if market decides to resume this relentless upward march which we love so much
[11:50] {_nicklam66} r we taking lunch
[11:51] {Threei} no, just waiting for something readable
[11:52] {dino} waiting to see what happens on gap fill
[11:53] {dino} filled
[11:54] {Threei} still in AAPL short hawk?
[11:55] {hawkfan4} yes, stop to .05 now
[11:55] {Geo} beauty
[11:55] {dino} now if pattern holds, up we go
[11:58] {hawkfan4} out +.70 rest, had a buck though. bad exits the last few days, too greedy
[11:59] {Geo} chaeron dcc pls
[11:59] {Geo} HIG classic DBI
[12:01] {Threei} Long Setup: QQQQ .18
[12:01] {Threei} stop under .10
[12:02] {dptl} l .19
[12:04] {Threei} offering half .29
[12:04] {Threei} half out
[12:05] {dptl} half out .30
[12:05] {Threei} stop to .14
[12:06] {dino} pattern holds
[12:06] {peterg} lousy exit & entry, still got .06 thks vd
[12:07] {lisa_jay} Thanks Vad, took .10 on q's and .19 on CVS (based on your Q's call).
[12:07] {Threei} LVS you mean?
[12:07] {Threei} good to see lisa... getting patterns down
[12:07] {lisa_jay} No, CVS - had a spike earlier, and pullback.
[12:08] {Threei} yup, I see now
[12:08] {lisa_jay} Yes, a lot of patterns are getting clearer, watchign your videos every night.
[12:08] {_nicklam66} r the videos available for trial members
[12:08] {Threei} that's one sentence I will have to edit out I think
[12:08] {Geo} lol
[12:08] {Geo} i just shivered
[12:08] {dino} oh no, i thought those videos were destroyed
[12:08] {Threei} lol
[12:09] {Threei} nicklam, lisa means scalping course videos
[12:09] {Threei} we have a few samples on a website
[12:09] {Threei} let me get url
[12:09] {_nicklam66} k
[12:09] {lisa_jay} I saw the one with you in it Dino...very....ahem!
[12:09] {dino} lol
[12:09] {Threei} http://www.realitytrader.com/video/
[12:09] {Threei} scroll down to sample links
[12:10] {_nicklam66} yea i c now . thanks
[12:10] {Threei} Attention: QQQQ stop to .19 for the balance
[12:10] {Threei} it's OK dino, everyone knows we were young and needed money
[12:11] {Threei} Qs held by fingertips
[12:11] {Threei} no more
[12:11] {dino} times were tough
[12:12] {dptl} out qqqq
[12:12] {Threei} but fun was had
[12:14] {Threei} overtightened stop a bit
[12:14] {Threei} too careful
[12:15] {dino} hig
[12:19] {hawkfan4} q's .29, stop .19
[12:20] {Threei} consolidates for further recovery so far
[12:20] {dino} hig sm l .60, risky
[12:27] {hawkfan4} out q's even, don't like the action
[12:28] {hawkfan4} besides i'm mesmerized by Vad's sultry voice on this video, hard to concentrate
[12:28] {Threei} lol
[12:31] {Threei} look at APOL chart
[12:32] {Threei} drawing by the pen tied to a tail of a drunken mule
[12:32] {hawkfan4} back in .35, stop .24
[12:33] {Threei} Long Setup: ARRS .32
[12:33] {Threei} two days break
[12:33] {Threei} for scalpers stop .24
[12:33] {Threei} for daytraders .19
[12:34] {dino} hig stopped, hmmmm tough day so far
[12:36] {dptl} long arrs .33
[12:37] {Threei} and for swing traders, under 6
[12:37] {Threei} scalpers are scalpers, they know where to exit
[12:38] {Threei} day traders, look to partial closer to .50
[12:38] {dino} lmdia
[12:38] {Threei} swing traders, aim for closer to 7
[12:42] {Threei} most probable pattern from here:
[12:42] {Threei} slow chrun,
[12:42] {Threei} boring pullbacks,
[12:42] {Threei} spikes to recent resistance levels with breaks,
[12:42] {Threei} new churn,
[12:42] {Geo} ICE
[12:42] {Threei} then strong accelerating run up
[12:45] {hawkfan4} so the real trick will be to stay awake for the run up. this is a snoozer
[12:49] {hawkfan4} ok dino, trying a dino-trade. short ice .25, stop hod
[12:49] {hawkfan4} tiny
[12:50] {dino} lol
[12:51] {Threei} it is a snoozing day so far,
[12:51] {dino} 79.25?
[12:51] {Threei} except a few fast trades earlier
[12:51] {Geo} chaeron out?
[12:51] {Threei} which makes me think, down is less likely
[12:51] {Threei} as in "never short a boring market"
[12:52] {hawkfan4} out ice +1.02
[12:52] {dino} gj
[12:52] {peterg} wtg
[12:52] {hawkfan4} thx :)
[12:53] {Threei} lol, in ICE terms it's almost like scalping the noize
[12:53] {Threei} good one hawk
[12:53] {dino} if dji falls, i'll try it
[12:54] {lisa_jay} Nice one Hawk.
[12:54] {hawkfan4} thx, working on my exits now. a buck's a buck
[13:00] {Threei} uptrend is broken a bit
[13:01] {dino} sm s ice .75
[13:02] {Threei} *TREASURY'S $24B 5-YEAR NOTE AUCTION BID-TO-COVER RATIO:2.28 V 1.91PRIOR AND 2.12 AVG OVER THE LAST 10 AUCTIONS
[13:02] {Threei} - indirect bidders take 23.8% of competitive bids
[13:02] {Threei} - notes draw 2.825% with 5.01% at the high
[13:07] {Threei} yawn
[13:07] {Threei} for a change, we are having boring day
[13:07] {Threei} if you missed boring days, enjoy while it lasts
[13:07] {dino} zzzzzzzzzzzzzzzz
[13:09] {Threei} ARRS makes these chewing noizes
[13:09] {Threei} new resistance broken, Qs
[13:10] {dino} ice stopped. i pretty much suck today
[13:11] {Threei} pattern is holding as described above
[13:11] {dino} qld l .30
[13:11] {Threei} either buy pullbacks for scalps on spikes into and above the resistance,
[13:11] {Threei} or buy and hold for big run later in the day
[13:13] {Geo} arrs is a dog
[13:13] {Geo} sorry
[13:13] {Geo} arrs is a sloth
[13:15] {dino} out qld .45. +.15
[13:15] {Geo} man HIG has no sense of direction :)
[13:15] {Geo} out ICE .40 small shares
[13:16] {dptl} shoul we moove stop to under .30 arrs??
[13:16] {Threei} personal deision
[13:16] {dptl} ok..ty
[13:16] {Geo} doesnt seem to have momentum
[13:16] {Threei} action allows for both, moving it and keeping it at original place
[13:18] {dptl} klac at .85? may be
06[13:18] * Threei weighs a few trouts, making plans with which one to slap Geo when ARRS hits all targets
[13:18] {Geo} yeah but i pnched out and ICE paid years ago
06[13:19] * Geo puts the trouts on ice
[13:19] {Threei} I will accept that argument when salesman in the store asks me how fast I made money I intend to pay for merchandise
[13:19] {Threei} and accepts fast money and rejects slow
[13:19] {Geo} hehehehe
[13:20] {Geo} 300 shares of ice made more money
[13:20] {Geo} i know i know
[13:20] {Threei} more than what?
[13:21] {Geo} arrs
[13:21] {Threei} ummmm
[13:21] {Threei} oranges vs apples?
[13:21] {Geo} [10:20] {Geo} i know i know
[13:21] {Threei} if you want to compare in a comparable basis, shouldn't ytou define how many shares of ARRS?
[13:21] {Geo} anyway 1.5 daily so thanks vad....
[13:21] {dino} lmdia l .50
[13:21] {Geo} :) ill take trout
[13:21] {Threei} oh, that's still ahead
[13:22] {Threei} for now let's talk math
[13:22] {Threei} how big a stop with 300 shares ICE?
06[13:22] * Geo hides
[13:22] {dino} .50
[13:22] {Threei} come out and learn, you wuss :)
[13:22] {Geo} 50
[13:23] {Threei} so, $150
[13:23] {dino} yes
[13:23] {Threei} let's compute ARRS
[13:23] {Threei} 7 cents stop,
[13:23] {Threei} how many shares will give you same stop loss size?
[13:23] {Geo} 70
[13:23] {Geo} 2k
[13:24] {Threei} so, how ICE makes MORE money?
[13:24] {Geo} hehehe ARRS is a dog
[13:24] {Threei} FASTER - yes
[13:24] {Threei} MORE - can't see it
06[13:25] * Geo agrees crestfallenly
[13:25] {Geo} faster ummmmm magoo you around?
[13:25] {Geo} bow hunting
[13:26] {dino} lmdia stop to .65
[13:26] {dino} to .74
[13:27] {dino} give me bottom on hig 3i
[13:27] {dino} 8.60 thinking
[13:28] {Threei} feels more like 8.20 to me
[13:29] {dino} 8.60 laying out sm
[13:29] {Threei} bottom is about to fall out from under it
[13:31] {dino} to where? that is the q
[13:31] {dino} lmdia to .82
[13:32] {dino} bring pru down w/it
[13:32] {dino} cx hig
[13:33] {dino} to .92
[13:34] {dino} out lmdia .92, +.42 size
[13:34] {Chaeron} niiiiiiiice
[13:34] {dino} ty
[13:34] {Chaeron} Hig hit .60
[13:35] {dino} darn hig hit .57 and bounced
[13:35] {hawkfan4} nice dino
[13:35] {dino} ty
[13:36] {dino} finally in black
[13:37] {dino} took ols scalp mode
[13:37] {dino} old
[13:37] {dino} hig panic
[13:37] {peterg} nothin wrong with old scalp mode
[13:38] {peterg} except unless you have the new scalp mode, but I haven't published the details yet
[13:38] {Geo} indeed
[13:39] {peterg} INDEEEEEEEEEEEED
[13:39] {dino} l .80
[13:39] {Threei} ARRS the dog barks at Geo
[13:39] {Threei} 1:1 for scalpers
[13:39] {dino} too stoon stopped
[13:39] {Geo} heh some get nudged by market.... some need to be kicked
[13:39] {Threei} here comes my 8.20
[13:39] {dino} -.25
[13:39] {Chaeron} HIG... .20
[13:39] {Chaeron} oops coming I meant
[13:40] {Threei} good boy HIG... made both of us right
[13:41] {Geo} [08:59] {Geo} HIG classic DBI
[13:41] {Geo} sad that i only got 10 cents
[13:44] {dino} that thing is wicked, must be halloween
[13:44] {Threei} so, I was wrong by 3 cents
[13:44] {dino} new support 8.50ish
[13:44] {Geo} unforgivable
06[13:44] * Threei rains ashes on his head
[13:45] {Geo} we expect better from BDs
[13:46] {Geo} dino you in?
[13:47] {dptl} half out arrs
[13:47] {Threei} dp
[13:47] {Threei} do me a favor
[13:48] {Threei} slap geo
06[13:48] * Geo ducks
[13:48] {dino} wow hig sapike
06[13:48] * dptl slaps Geo around a bit with a large trout
[13:48] {dptl} there
[13:48] {Geo} tch tch
[13:48] {Threei} thank you, I owe you
[13:48] {Geo} BD getting others to do dirty work
[13:48] {Threei} no
[13:48] {Geo} wow ICE
[13:49] {Threei} I am saving my trout for when ARRS hits .50 and higher
06[13:49] * Chaeron slaps Geo around a bit with a large trout
[13:49] {Chaeron} there... I loaned you one Threei
[13:49] {Geo} et too?
[13:49] {Geo} tu
06[13:50] * Threei spreads his thanks all around
[13:50] {Geo} man i am tired of this election
[13:51] {Geo} OCR
[13:51] {Threei} ARRS the dog growls at Geo
[13:51] {dptl} offering .54
06[13:51] * Geo skating on thin ice
[13:52] {dptl} stop under .35
[13:52] {dino} pru freefall
[13:57] {Geo} ocr flying
[13:57] {dino} strange met not affected
[13:59] {dino} pru sm wide risky l .30
[13:59] {dino} l
[13:59] {dino} stopped
[13:59] {Threei} out half ARRS .48
[14:00] {dino} rinsed, jumping around
[14:03] {dino} these insurance companies, put your bids 1.50 below normal
[14:04] {dptl} out all arrs ty
[14:04] {dino} who's next for big drop, met?
[14:05] {Threei} welcome dp
[14:05] {Threei} ok Geo
[14:05] {Threei} stand straight please
[14:05] {Threei} keep your head high
06[14:05] * Geo slaps Geo around a bit with a large trout
[14:05] {dptl} lol
[14:05] {Threei} look me in the eyes
06[14:05] * Threei slaps Geo around a bit with a large trout
06[14:05] * Threei slaps Geo around a bit with a large trout
06[14:05] * Threei slaps Geo around a bit with a large trout
[14:05] {Geo} i thought i would die of old age
[14:05] {Threei} nope, not as a daytrader
06[14:06] * Geo goes off to magoo's corner
[14:06] {dino} lol
[14:07] {Geo} i took HIG thanks vad/dino
[14:07] {Threei} :)
[14:07] {Threei} market does what we envisioned earlier so far
[14:08] {dino} hig back to 10
[14:09] {dino} gj geo
[14:09] {dino} if pru taskes 28, l imo
[14:09] {dino} risky
[14:10] {dino} ok
[14:10] {Chaeron} sorry... I was distracted... I sold ARRS at .54 for $0.21... thanks Vad...
[14:11] {Geo} out pru TY dino
[14:11] {dino} :), me too
[14:12] {dino} another pulp stock, i guess we found some action
[14:13] {dino} afgain,
[14:13] {dino} waiting at .70
[14:14] {dino} no good stopped
[14:15] {Geo} V
[14:15] {dino} good report v
[14:20] {dino} ci
[14:20] {dino} pru again
[14:21] {Threei} sorry, had to answer phone call
[14:21] {Threei} welcome chaeron :)
[14:23] {Threei} GMAC HAS REPORTEDLY SENT A LETTER TO DEALERS STATING IT WILL NOT FUND AUTO PURCHASES MOVING FORWARD
[14:23] {Threei} - Letter notes GMAC faces reduced funding.
[14:23] {Threei} - GMAC spokesperson declines to confirm contents of letter
[14:23] {dino} out pru .00, +1.00
[14:23] {Threei} .80 break should launch QQQQ
[14:24] {Chaeron} scalping it?
[14:25] {Threei} next spike should take it into .95 area, then most likely pullback
[14:26] {Threei} hard to tell chaeron
[14:26] {Threei} we went through churning period I talked about,
[14:27] {Threei} coming into run pweriod
[14:27] {dino} ci l .80
[14:27] {Threei} whether it's in full blast yet or some more shaking out nwds to be done...
[14:27] {Threei} here is .95
[14:28] {dino} wow pru back to 30
[14:28] {Threei} out 1/4 more ARRS .66
06[14:28] * Geo looks busy
[14:28] {Threei} hwere is pullback from .95
[14:28] {Geo} took QLD in liu of QQQQ Ty vad
[14:29] {Threei} how about this precision
[14:29] {Threei} welcome sir
[14:29] {dino} gj
[14:29] {Threei} ty
[14:29] {Threei} happy with my today's read on the market
[14:30] {Threei} but it doesn't take much to make me happy... I am generally happy person
[14:30] {Threei} unless I feel grumpy of a particular day
[14:30] {Threei} which consitutes about 4 days out of 5
[14:33] {lisa_jay} Sounds like my trading pattern.
[14:34] {Threei} lisa... if you follow calls, there is no way you wouldn't be in the money
[14:34] {lisa_jay} Should add that this was before I joined the room :-)
[14:34] {Threei} OK... that makes me happy... again
[14:35] {Threei} lol
[14:35] {Threei} see? I aam joking, laughing at my own jokes and enjoy being alone who laughs at them
[14:35] {Threei} isn't it ultimate definition of happiness?
[14:35] {Geo} ummm happiness or........
[14:35] {Threei} idicoy?
[14:35] {Threei} idiocy
06[14:36] * Geo wants to be in the room
[14:36] {Threei} whatever... I like it however you name it :)
[14:36] {Geo} lol
[14:36] {lisa_jay} Vad, any read lvs
[14:37] {Threei} I'd try it long here
[14:37] {Threei} with stop under 11.90
[14:38] {Threei} Qs follow the path... pullback, jump back to high and breaking it
[14:39] {Threei} this pullback should bottom out around .85
[14:39] {Threei} and go above 33
[14:39] {Threei} if loses .80 again, not sure if patter remains intact
06[14:42] * Threei kicks QQQQ in the rear
[14:43] {Threei} oops... wrong side
[14:45] {Chaeron} try the other side?
[14:46] {Threei} I won't
[14:46] {Threei} end of day selloffs become old
[14:47] {Chaeron} no I meant kick the other cheek to get it up?
[14:47] {Threei} ah
[14:47] {Threei} trying
[14:50] {Threei} whew... took a lot of kicking
[14:50] {Chaeron} cmon 33+....
[14:51] {Threei} let me kick it again
[14:51] {Threei} now that I know where the front is...
[14:51] {Chaeron} lol
[14:55] {Threei} hmmm
[14:55] {Threei} lower high
[14:55] {Threei} not liking it
[14:56] {dino} ci stopped -.06, thing can't get thru .84
[14:56] {dino} wow ice
[14:58] {Threei} people interviewed on TV say they will turn TV off on election night - because emotions will be "too much"
[14:58] {Threei} hmmm
[14:58] {Geo} lol
[14:58] {Threei} and Geo called me idiot?
[14:58] {Geo} hey id didnt
[14:58] {peterg} sold ci, +.01!
[14:59] {peterg} tks dino
[14:59] {Threei} don't spend it all at once peter
[14:59] {peterg} rite
[14:59] {dino} sorry bro
[14:59] {Threei} we have a lot of inflationary pressure as it is
[14:59] {Geo} he had 100k shares
[14:59] {peterg} np
[14:59] {Chaeron} I stopped Q's at -.08
[14:59] {Chaeron} thanks for the effort Vad
[15:00] {lisa_jay} lvs stopped -.05.
[15:00] {dino} the .80 entry was at the wall, just couldn't bust thru
[15:00] {dino} maybe entry here in .60s
[15:00] {dino} if mkt helps
[15:00] {Threei} no seriously... how can someone who doesn't have personal onnection to any of candidates, or his job depending on election result, be that deeply involved emotionally?
[15:00] {Geo} [11:59] {Chaeron} thanks for the effort Vad
[15:00] {Geo} havent heard that one before
[15:01] {Threei} that's what polite people do geo
[15:01] {Geo} oooooh
[15:01] {Threei} instead of calling my picks "dogs" {GGG}
[15:01] {peterg} person: "o, if x wins, the world will come to an end. I cant stand it
[15:01] {peterg} must sit in dkness & wait
[15:01] {Threei} no kidding
[15:02] {dino} met l .26
[15:04] {dino} out met .38, +.12
[15:05] {dino} sure now ci goes
[15:06] {Threei} ugh
[15:06] {Threei} here comes 33
[15:06] {Chaeron} dang it
[15:07] {Threei} that was tough read
[15:07] {Threei} lower highs and lows, then sudden spioke
[15:07] {Geo} thanks vad
06[15:07] * Geo trying to redeem
[15:07] {Threei} lol
[15:07] {Chaeron} not on pb?
[15:08] {dino} met l .22
[15:08] {lisa_jay} Q's bounced off the uptrend line near .7 (.71)
[15:08] {dino} out metv .42, +.20
[15:09] {dino} finally over daily, tough morning
[15:09] {Threei} good job dino
[15:09] {dino} thx got lucky, went to fl scalp mode
[15:09] {lisa_jay} Wow Dino.
[15:10] {lisa_jay} FL - full lot?
[15:10] {dino} i have to say, scalping is still easiest way, don't know why i fight it
[15:10] {dino} yes lisa= 1k shares
[15:10] {dino} thats why tight
[15:11] {Geo} excellent dino
[15:11] {Threei} look at this drop
[15:11] {Threei} I can't read this
[15:11] {dino} well, normal way was not working today, had to adapt
[15:12] {lisa_jay} Yes, been volatilile at this time.
[15:13] {dino} as run dmc would say....it's tricky
[15:13] {dino} showing my age
[15:17] {dino} hmmm, do they take it negative again?
[15:17] {dino} watching dxd, qid
[15:17] {dino} gut says neg.
[15:19] {dino} ouch hig
[15:19] {Threei} it acryually applied to NYSE to change symbol to OUCH
[15:20] {dino} lol
[15:20] {dino} but applying for fed funds
[15:20] {Threei} NYSE replied they'd have to move to NASDAQ as 4 letters symbols are for OTC stocks
[15:21] {dino} qid sm l .50
[15:21] {dino} out qwid .90, +.40
[15:22] {dino} lol
[15:22] {Geo} nice scalp dino
[15:23] {dino} ty
[15:24] {dino} qid sm l .30
[15:25] {dino} stopped darn
[15:25] {dino} -.40 gave it back
[15:28] {Chaeron} I can't read it... time for beers
[15:28] {Geo} :)
[15:28] {Geo} thanks all
[15:29] {Threei} geo exrcizes in politness
[15:30] {dino} lol
[15:34] {dino} ugh rinsed qid, thing went up dollar
[15:38] {Threei} half lot long HIG .20 break
[15:39] {Threei} out half .42
[15:40] {Threei} stop .15
[15:41] {Threei} out
[15:41] {dino} gj
[15:42] {Threei} should have just scalped full
[15:42] {Threei} but 10 looks so close on the chart, lol
[15:43] {dino} this market is really messing around again
[15:43] {dino} i just missed qid at 65, 1 min. later its 66
[15:47] {Threei} wow LVS
[15:48] {Threei} dump is as heavy as liftoff was
[15:48] {Threei} 10 break for wuick scalp anyone?
[15:48] {dino} pru possible re-test
[15:49] {Threei} out +.22
[15:50] {Threei} everyone's asleep?
[15:50] {hawkfan4} yes
[15:50] {peterg} yezz
[15:51] {Threei} OK... fastest money today
[15:51] {Threei} but hey, I am getting beaten for slow money on ARRS and ignored when offer fast
[15:51] {Threei} monastery is in effect
[15:52] {dino} gj vad
[15:52] {Threei} ty
[15:54] {dino} lol qid under 65
[15:56] {Threei} both moved greatly, LVS and HIG
[15:57] {dino} yeah, on screen for tomorrow
[15:57] {dino} calling it a day, had a very good afternoon, thanks for encouragement and ideas
[15:57] {Threei} didn't want to dive in again on last 5 minutes
[15:57] {dino} just missed pru again 27.30, look now, sheesh
[15:57] {Threei} nice day
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening, see you tmorrow
[15:58] {dptl} have a good evening all :)
[15:58] {dino} will watcing pru, met, ci, hig tomorrow too, the "pulp-ers"
[15:58] {peterg} aapl always interesting
[15:58] {lisa_jay} Thaks Vad.
[15:59] {peterg} so long team, vad
[15:59] {dino} yes peter, will watch it
[15:59] {dino} later all
06[15:59] * Chaeron slaps laserdave1 around a bit with a large trout
[16:00] {lisa_jay} Bye Dino
[16:00] {dino} cya lisa

Wednesday, October 29, 2008

Wed Oct 29 2008

Very nice day all in all. The market was fairly readable before the Fed announcement and soon after.


Session Time: Wed Oct 29 00:00:00 2008

[08:08] {Threei} Good morning sleepless
[08:30] {Threei} SEPT DURABLE GOODS ORDERS 0.8% V -1.1%E
[08:30] {Threei} DURABLES EX TRANSPORTATION % -1.1%V-1.5%E
[08:32] {lisa_jay} Good morning.
[08:32] {patience} good morning rt :)
[08:32] {Threei} lisa, patience :)
[08:32] {lisa_jay} Hi Patience.
[08:32] {Threei} I thought no one wanted to talk to me... then girls came to rescue
[08:33] {lisa_jay} Just woke up...
[08:33] {patience} i like that sentence....the girls....nice to have another woman in the room
[08:34] {lisa_jay} :-)
[08:38] {magoo} ;ojfsrsjhl;lrsil;jjr
[08:38] {patience} good morning magoo
[08:39] {Threei} khlfmdosdithgjd
[08:39] {magoo} :)
[08:39] {magoo} vad, quick question...jfd,yhfdkdhfvhkhk?
[08:40] {Threei} no
[08:40] {Threei} inkgldmntidk, yes
[08:40] {Threei} but not .jfd,yhfdkdhfvhkhk, not today
[08:41] {magoo} ok..i see..u mean as ldsfmfdlfjljjil
[08:42] {Threei} you got it
[08:44] {Threei} hawk... for someone who holds things overnight, you wake up too late
[08:45] {hawkfan4} honestly, did MS really hit 18?
[08:45] {Threei} 15.8 I see
[08:45] {hawkfan4} ah, good, esig shows a spike to 18 earlier
[08:45] {Threei} if it was higher, it was before 8
[08:46] {Threei} so chart doesn't have it
[08:46] {Threei} fessup time...
[08:46] {Threei} I couldn't resist strong gut feel and took 1000 MTL overnight
[08:47] {Threei} happily dumped at 7.24
[08:47] {hawkfan4} sweet!
[08:47] {Threei} then it upticked to 7.30,
[08:47] {Threei} I thought I was to cry in a few,
[08:47] {Threei} suddenly it dropped all the way to 6.80, even despite big 7.20 bid
[08:48] {Threei} some buys went as high as 7.50 but bid never got there
[08:50] {peterg} Morning troops
[08:50] {Threei} peter :)
[08:53] {ese} morning
[08:53] {Threei} ese :)
[08:54] {ese} morning vad
[08:54] {ese} morning peter
[08:55] {ese} sure is pretty around the island this time of year Vad...am loving the fall colors...once agin
[08:56] {Threei} gosh, Japanese garden in Butchards is incredible
[08:56] {ese} might be biased but our neighbourhood looks fantastic patience.....
[08:56] {ese} it does indeed.....been a couple of times at this time
[08:59] {patience} every day is beautiful here ese, although it looks a little foggy this morning for my run
[09:00] {ese} haven't been out yet patience......was that down by the ater?
[09:00] {ese} water?
[09:00] {patience} my back garden, i'll be running by your place in about 90 minutes
[09:01] {ese} your going to have to stop in for coffee one of these days.....
[09:02] {patience} fire up the spare computer for me then :) ty
[09:03] {ese} will do.......
[09:04] {dino} gm all; see those cme fills +107
[09:05] {Threei} dino :)
[09:05] {lisa_jay} Hi Dino.
[09:05] {Threei} there were a lot of abnormally high prints this morning on many stocks
[09:06] {Threei} not sure they actually took place
[09:07] {dino} as usual, nothing matters
[09:08] {dino} same w/dv -7, but bid/ask up
[09:08] {Threei} SPPI crazy gap
[09:08] {Threei} 09:00am [SPPI] Signs collaboration deal for Apaziquone EOquin with Allergan
[09:09] {Threei} - Allergan will pay Spectrum $41.5M at closing and will make additional payments of up to $304M based on the achievement of certain development, regulatory and commercialization milestones. Spectrum retained exclusive rights to apaziquone in Asia, including Japan and China. Allergan received exclusive rights to apaziquone for the treatment of bladder cancer in the rest of the world, including the US, Canada and Europe. In the US, Allergan and Spectrum will co-promote apaziquone and share in its profits and expenses
[09:10] {brian3579} gm all
[09:10] {Threei} brian :)
[09:10] {ese} this one will be something to watch today
[09:10] {ese} brian...
[09:10] {magoo} not avail sh to laserheads vad
[09:11] {Onix} Good morning all
[09:11] {Threei} onix :)
[09:11] {ese} onix
[09:12] {ese} actually patience...now that i'm thinking of it...im expecting dino and mags to fly in one morning for coffee.....
[09:13] {patience} you talk them into it ese :)
[09:13] {magoo} u got that right...but irish coffee
[09:14] {ese} :)
[09:14] {patience} actually we need vad to teach a course in the bahamas and we'll have our laptops, drinks on the beach learning from him
[09:15] {cosmo} ...been searching for the right monastery, here
[09:15] {Threei} why do you need laptop to learn how to drink on the beach
[09:15] {Threei} cosmo!
[09:15] {cosmo} :)
[09:15] {Threei} where have you been
[09:16] {cosmo} Questhaven Retreat, Self Realization Felowship, etc.
[09:16] {Geo} gm all
[09:16] {cosmo} no electronics
[09:16] {Threei} nice
[09:16] {Threei} Geo :)
[09:16] {dino} cosmos on the beach
[09:16] {ese} now theres an idea patience!!!
[09:17] {cosmo} no news.... yikes
[09:17] {Threei} those who read our trading logs, sorry, no yesterday's... those chat disconnections screwed up the log
[09:18] {lisa_jay} Hi Geo.
[09:19] {dptl} good morning all
[09:19] {Onix} yes Vad, that was quite a pity but fortunately it does ot happen often
[09:19] {ese} dp....
[09:19] {Threei} dp :)
[09:20] {Onix} hi dp
[09:20] {dptl} :)
[09:20] {Onix} geo
[09:20] {lisa_jay} How many monitors do most of you use?
[09:20] {dino} cramer, stocks not best place for next 5 years (cnbc), a bit late wouldn't you think. had people buying like mad in august
[09:21] {ese} that guy is just nuts.....no other way to put it ...just nuts
[09:21] {dino} lisa two, w/6 windows open on one, two windows open other
[09:22] {Geo} hey onix
[09:22] {lisa_jay} Thanks Dino.
[09:22] {dino} np
[09:22] {dino} magoo has 4
[09:22] {ese} anyone got got HERO on there radar?
[09:22] {dino} no, but for lunch, good idea
[09:23] {cosmo} Just in case: There's alot of really nice monasteries to chose from in north SD county
[09:23] {ese} ha ha ha ha......
[09:23] {Geo} lol@dino
[09:23] {dino} oih, uso popping, hero a driller i think
[09:23] {lisa_jay} Ese, put it earlier...will be watching.
[09:23] {dino} released earning at 7:00
[09:24] {dino} clne drop, stock offering
[09:24] {ese} for small cap it's volume seems to be up this morning...hero
[09:25] {ese} ahhhh there we go...beats by .02
[09:26] {magoo} paulie pack dino????
[09:26] {Threei} gosh, stock is down from 40 in June to 5
[09:27] {Threei} unless it goes out of business tomorrow, it's bound to bounce some even if it doesn't beat :)
[09:28] {ese} you talkin about HERO vad....
[09:28] {Threei} yeah'
[09:30] {ese} man....35 bucks.....almost unbelievable hit.....
[09:31] {Threei} Long Setup: BRCM .71
[09:31] {Threei} if stays above .60
[09:32] {magoo} hero report after bell tonite?
[09:32] {Threei} it reported before bell
[09:33] {magoo} ty
[09:33] {ese} now what kink of trade is that.....5.50 to 6.10 hero
[09:39] {Threei} Long Setup: NVDA .33
[09:39] {Threei} if stays above .20
[09:40] {magoo} in nvda
[09:41] {Onix} in
[09:44] {lisa_jay} Thanks Vad, 10c.
[09:44] {Threei} 1:1
[09:44] {Threei} welcome lisa
[09:45] {dptl} half out ty
[09:45] {Onix} 2/3 out .48
[09:46] {peterg} thks vad +.11
[09:46] {Threei} :)
[09:46] {peterg} up more!
[09:46] {ese} long HERO .84
[09:46] {dptl} out all .57 ty
[09:47] {dptl} that was nvda
[09:47] {Onix} all out .59 ty Vad!
[09:47] {dino} gj
[09:47] {ese} full lot...bit of a gamble
[09:50] {Threei} offering NVDA .71
[09:50] {ese} .95 is yesterdays high ...could go if it makes it past that
[09:50] {Geo} all out .67
[09:51] {Threei} stop to .65
[09:51] {Threei} out .66
[09:51] {Geo} nice vad
[09:51] {Onix} gj
[09:52] {dino} fwlt sm l .75
[09:52] {Geo} fwlt
[09:52] {Geo} oops wrong windows sorry
[09:53] {magoo} back
[09:53] {magoo} bumped
[09:53] {ese} ehhh....you guys leave my stock alone....:)
[09:53] {ese} good job!!!
[09:53] {Geo} prgo
[09:54] {ese} come on HERO....
[09:54] {Threei} Long Setup: STLD .32 if stays above .20
[09:54] {Threei} most likely scalp
[09:54] {magoo} oiut nvda .59 btw
[09:54] {magoo} ty vad
[09:55] {Threei} :)
[09:55] {Threei} invalidated STLD
[09:56] {ese} past .90 on this run or i'm out.......
[09:57] {Threei} Long Setup: QS .73 if stays above .60
[09:57] {ese} there you go ..get rid of that resistance
[09:57] {Geo} qs?
[09:57] {Threei} QQQQ
[09:58] {Threei} sorry, forgot that script caputalizes letters
[09:58] {Geo} got it
[10:00] {ese} out HERO .01 +.18
[10:00] {Threei} stopped
[10:00] {dptl} stopped
[10:00] {dino} clf sm l .51
[10:00] {Onix} in & stopped Q's
[10:01] {dino} grrrr cyber frozen
[10:04] {Threei} moving slightly up dino
[10:04] {Onix} STLD fooled us nicely hey?
[10:05] {dino} ty, back
[10:05] {Threei} :)
[10:07] {magoo} AAPL strong
[10:07] {magoo} mkt indicator
[10:08] {Threei} ugh Qs
[10:09] {Geo} hmm casinos rising hard
[10:09] {Geo} mgm wynn
[10:09] {Threei} LVS too
[10:09] {hawkfan4} SLW .21 for a swing, stop 2.99
[10:09] {dino} anybody took clf on your own, still in but up 1+
[10:09] {Geo} ok didnt see that in my scanne as it need twice av vol
[10:10] {Geo} nice dino !
[10:10] {hawkfan4} nice dino
[10:10] {Threei} OK, that wasn't nice by Qs
[10:10] {dino} stop .61
[10:10] {Geo} hehe
[10:10] {dino} stopped +1.10
[10:11] {Threei} you need to change terminology dino :)
[10:11] {Geo} trailing ?
[10:11] {dino} nope
[10:11] {Threei} "stopped" has negative connotations
[10:11] {Threei} + is positive
[10:11] {Threei} we are all confused
[10:11] {Geo} stopped on trail?
[10:11] {Threei} which doesn't say much, we are easily confused
[10:11] {dino} but stops = skill 3i
[10:12] {dino} yes geo
[10:12] {Geo} wow wynn almost 10 bucks
[10:12] {dino} out fwlt .15, +.40
[10:16] {Threei} look who's waking up.... ESLR
[10:16] {Threei} long time no see
[10:18] {ese} am liking that....
[10:18] {magoo} vad..news GOOG?
[10:18] {magoo} should catch up to aapl..bidu
[10:20] {dino} out uthr yesterday swing, +1.25
[10:20] {Threei} nothing significant
[10:22] {magoo} ty
[10:22] {Threei} let's try pullback entry on Qs
[10:22] {Threei} .92 long
[10:22] {Threei} .85 stop
[10:22] {Threei} US HOUSE SPEAKER, MAJORITY SEN REID HAVE REPORTEDLY ASKED THE US TREARURY TO MOVE AGAINST EXCESSIVE GOLDEN PARACHUTES ON INSTITUTIONS RECEIVING GOVT ASSISTANCE
[10:24] {dino} i say if they borrow, fire them, they screwed up
[10:24] {Threei} I am all for that
[10:25] {dino} seriously, bonuses for basically ruining your company
[10:25] {Threei} what a concept
[10:26] {Threei} you perform well - bonus
[10:26] {Threei} you perform badly - bonus
[10:26] {Geo} i guess thats the problem... they thought it was theirs
[10:26] {Threei} you never show up for work - bonus
[10:26] {dino} why call it bonus if you get it no matter what
[10:26] {dino} i don't get a bonus
[10:26] {Threei} as one canadian politician fanously said,
[10:26] {Threei} I am entitled to my entitlements
[10:27] {dino} oh man
[10:27] {Chaeron} good morning everybody
[10:27] {Threei} not kidding... papers had field day with that
[10:27] {Threei} chaeron :)
[10:27] {dino} thats the problem, reality is you are not entitled or deserve sh#t
[10:27] {Threei} half out Qs
[10:28] {Threei} stop to .89
[10:28] {Geo} hiya chaeron
[10:29] {Chaeron} hey threei, hey geo, quiet til fed?
[10:29] {Threei} not so far
[10:29] {Geo} lots of daily hights
[10:29] {Threei} fairly active
[10:29] {dptl} klac?
[10:30] {Threei} but I'd expect markets to get eaither calmer or more erratic as we move closer to fed time
[10:30] {Chaeron} ok, thanks... I'll sit quietly and stalk
[10:30] {Threei} 21 will probably worth a try dp
[10:30] {Threei} if NQ moves up of course
[10:30] {dptl} ty
[10:31] {dino} out aapl swip +6.00
[10:31] {Threei} eeck
[10:31] {Geo} ooooh
[10:31] {lisa_jay} Wow.
[10:31] {Threei} this is unfair... we are entitled to part of dino's winnings, as a bonus for moral support
[10:31] {Chaeron} nice job dino
[10:31] {Threei} let's spread the wealth around
[10:31] {Chaeron} Threei, that's only iof Obama wins
[10:32] {Geo} the funny thing is that that concept comes from adam smith
[10:32] {dino} thx
[10:32] {Geo} the capitalist stalwart
[10:32] {dino} yeah, be carefu for what you wish
[10:32] {dino} careful
[10:33] {Threei} dp, watch KLAC for bounce rather now
[10:33] {Chaeron} who the heck is wishing that?
[10:33] {Geo} lol
[10:33] {Threei} .65 closest support, in NQ turns this is good entry level
[10:33] {dino} v sm s cme .43
[10:33] {dptl} ok ty
[10:33] {dino} not i
[10:35] {dino} evep
[10:35] {Threei} *DOE CRUDE: 500K V +1.5ME; GASOLINE: -1.5M V +1.5ME; DISTILLATES: 2.3M V +1ME;
[10:37] {dino} cov ice .43, +1.00
[10:37] {dino} hawk any better today
[10:38] {hawkfan4} you're on fire :)
[10:38] {dino} those huge up days are not my style
[10:39] {lisa_jay} ADBE follows the market direction so well.
[10:40] {Threei} KLAC stopped going down with market
[10:41] {Threei} worth s try with tight stop under .70
[10:43] {Threei} market not bouncing so far
[10:43] {dino} brb
[10:48] {dino} clf sm l .00
[10:49] {dptl} feels like short now klac....
[10:50] {dptl} i'll leave it aloone for now
[10:55] {dino} clf stopped .90 -.120
[10:55] {dino} .10
[10:56] {hawkfan4} and a wop bop baloobop, a womp bam boom...
[10:57] {Geo} didnt know we traded the italian stock exchange !!
[10:57] {brian3579} lol
[10:57] {dino} i thought he was calling me names
[10:58] {hawkfan4} lol
[10:58] {dino} sitting back for a few, lets see where this is going
[11:00] {Threei} yeah, no defined direction
02[11:00] * Disconnected
02[11:02] * Attempting to rejoin channel #discussions
03[11:02] * Rejoined channel #discussions
02[11:03] * Disconnected
02[11:04] * Attempting to rejoin channel #discussions
03[11:04] * Rejoined channel #discussions
02[11:06] * Disconnected
02[11:06] * Attempting to rejoin channel #discussions
03[11:06] * Rejoined channel #discussions
05[11:06] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.
[11:06] {Geo} trailing ?
[11:06] {dino} nope
[11:06] {Threei} ""stopped"" has negative connotations
[11:06] {Threei} + is positive
[11:06] {Threei} we are all confused
[11:06] {Geo} stopped on trail?
[11:06] {Threei} which doesn't say much, we are easily confused
[11:06] {dino} but stops = skill 3i
[11:06] {dino} yes geo
[11:06] {Geo} wow wynn almost 10 bucks
[11:06] {dino} out fwlt .15, +.40
[11:06] {Threei} look who's waking up.... ESLR
[11:06] {Threei} long time no see
[11:06] {ese} am liking that....
[11:06] {magoo} vad..news GOOG?
[11:06] {magoo} should catch up to aapl..bidu
[11:06] {dino} out uthr yesterday swing, +1.25
[11:06] {Threei} nothing significant
[11:06] {magoo} ty
[11:06] {Threei} let's try pullback entry on Qs
[11:06] {Threei} .92 long
[11:06] {Threei} .85 stop
[11:06] {Threei} US HOUSE SPEAKER, MAJORITY SEN REID HAVE REPORTEDLY ASKED THE US TREARURY TO MOVE AGAINST EXCESSIVE GOLDEN PARACHUTES ON INSTITUTIONS RECEIVING GOVT ASSISTANCE
[11:06] {dino} i say if they borrow, fire them, they screwed up
[11:06] {Threei} I am all for that
[11:06] {dino} seriously, bonuses for basically ruining your company
[11:06] {Threei} what a concept
[11:06] {Threei} you perform well - bonus
[11:06] {Threei} you perform badly - bonus
[11:06] {Geo} i guess thats the problem... they thought it was theirs
[11:06] {Threei} you never show up for work - bonus
[11:06] {dino} why call it bonus if you get it no matter what
[11:06] {dino} i don't get a bonus
[11:06] {Threei} as one canadian politician fanously said,
[11:06] {Threei} I am entitled to my entitlements
[11:06] {dino} oh man
[11:06] {Chaeron} good morning everybody
[11:06] {Threei} not kidding... papers had field day with that
[11:06] {Threei} chaeron :)
[11:06] {dino} thats the problem, reality is you are not entitled or deserve sh#t
[11:06] {Threei} half out Qs
[11:06] {Threei} stop to .89
[11:06] {Geo} hiya chaeron
[11:06] {Chaeron} hey threei, hey geo, quiet til fed?
[11:06] {Threei} not so far
[11:06] {Geo} lots of daily hights
[11:06] {Threei} fairly active
[11:06] {dptl} klac?
[11:06] {Threei} but I'd expect markets to get eaither calmer or more erratic as we move closer to fed time
[11:06] {Chaeron} ok, thanks... I'll sit quietly and stalk
[11:06] {Threei} 21 will probably worth a try dp
[11:06] {Threei} if NQ moves up of course
[11:06] {dptl} ty
[11:06] {dino} out aapl swip +6.00
[11:06] {Threei} eeck
[11:06] {Geo} ooooh
[11:06] {lisa_jay} Wow.
[11:06] {Threei} this is unfair... we are entitled to part of dino's winnings, as a bonus for moral support
[11:06] {Chaeron} nice job dino
[11:06] {Threei} let's spread the wealth around
[11:06] {Chaeron} Threei, that's only iof Obama wins
[11:06] {Geo} the funny thing is that that concept comes from adam smith
[11:06] {dino} thx
[11:06] {Geo} the capitalist stalwart
[11:06] {dino} yeah, be carefu for what you wish
[11:06] {dino} careful
[11:06] {Threei} dp, watch KLAC for bounce rather now
[11:06] {Chaeron} who the heck is wishing that?
[11:06] {Geo} lol
[11:06] {Threei} .65 closest support, in NQ turns this is good entry level
[11:06] {dino} v sm s cme .43
[11:06] {dptl} ok ty
[11:06] {dino} not i
[11:06] {dino} evep
[11:06] {Threei} *DOE CRUDE: 500K V +1.5ME; GASOLINE: -1.5M V +1.5ME; DISTILLATES: 2.3M V +1ME;
[11:06] {dino} cov ice .43, +1.00
[11:06] {dino} hawk any better today
[11:06] {hawkfan4} you're on fire :)
[11:06] {dino} those huge up days are not my style
[11:06] {lisa_jay} ADBE follows the market direction so well.
[11:06] {Threei} KLAC stopped going down with market
[11:06] {Threei} worth s try with tight stop under .70
[11:06] {Threei} market not bouncing so far
[11:06] {dino} brb
[11:06] {dino} clf sm l .00
[11:06] {dptl} feels like short now klac....
[11:06] {dptl} i'll leave it aloone for now
[11:06] {dino} clf stopped .90 -.120
[11:06] {dino} .10
[11:06] {brian3579} db3579bella1bambino
[11:06] {brian3579} sorry
[11:06] {brian3579} wrong screen
[11:06] {hawkfan4} and a wop bop baloobop, a womp bam boom...
[11:06] {Geo} didnt know we traded the italian stock exchange !!
[11:06] {brian3579} lol
[11:06] {dino} i thought he was calling me names
[11:06] {hawkfan4} lol
[11:06] {dino} sitting back for a few, lets see where this is going
[11:06] {Geo} back
[11:06] {Geo} umm did vad forget to pay the power bill again?
[11:07] {Threei} grrr
[11:07] {magoo} u gotta get a better server boss
[11:07] {magoo} 3rd bump off
[11:07] {Threei} just talked to them
[11:07] {Threei} they are aware of a problem, investigating...
[11:08] {dino} qcom sm l .75
[11:08] {Geo} which irc server is it?
[11:08] {Threei} what do you mean?
[11:08] {Geo} what software for server
[11:09] {Threei} how do I know, lol
[11:09] {Geo} true
[11:09] {Threei} hosting company is securewebs
[11:09] {Threei} anyone took KLAC, take scalp
[11:10] {magoo} u need to use relaiblewebs
[11:10] {_oneiron} out
[11:10] {Threei} I don't believe we will get sustained trends on a FOMC day
[11:10] {Threei} scalping day
[11:10] {Geo} lol@dino
[11:10] {Threei} at least for now
[11:11] {Threei} there are too many opinions on what Fed is going to do, spectre is all over, from .25 to whole point cut
[11:11] {Threei} no way to tell what decision will be met with what reaction
[11:12] {peterg} when report?
[11:12] {Threei} 2:15
[11:12] {peterg} ty
[11:14] {Threei} LVS is a short killer
[11:15] {dino} bet is .50 cut
[11:15] {dino} one beer
[11:16] {magoo} ben to stupid to do that
[11:16] {dino} coors extra gold magoo, you're on
[11:16] {magoo} .25 isall
[11:17] {Geo} FOMC Consensus Forecast for 10/29/08 policy vote on fed funds target: down 50 basis points to 1.0 percent
[11:17] {Geo} Range: 74 percent probability for a 50 basis point cut and a 26 percent probability for a 75 basis point cut, based on settle for October 24
[11:17] {Geo} ill side sith dino
[11:17] {Geo} umm with
[11:19] {dino} ty geo
[11:21] {Threei} fairly sustanable buying LVS
[11:21] {Threei} watching if holding 7
[11:21] {dino} penn, wynn too
[11:23] {hawkfan4} Q's .71, stop .59
[11:23] {dptl} test
[11:24] {Threei} passed
[11:24] {dptl} ty
[11:24] {dino} just barely dp
[11:25] {dptl} :)
[11:26] {Threei} if this ARCA offer is taken on LVS
[11:26] {Threei} it is
[11:26] {Threei} worth a try long
[11:26] {Threei} half lot, .20 break
[11:26] {Threei} too much buying to ignore
[11:26] {Threei} but volatility is horrible
[11:27] {Threei} so let's keep it to half lot
[11:28] {magoo} target?
[11:28] {magoo} scalp?
[11:28] {Threei} depending on how it trades after break
[11:29] {Threei} hard to tell for now
[11:29] {dino} out qcom .15, +.40
[11:29] {dino} goog v sm l 6.75 wide
[11:29] {Threei} if spikes very fast, yes, grab profit and let it do whatever it wants
[11:30] {Threei} if continues churning offers and climbing gradually, hold for a while
[11:31] {Threei} so far so good
[11:31] {Threei} offering half .43
[11:32] {dptl} were stop lvs?
[11:32] {Threei} under 7
[11:32] {dptl} ty
06[11:32] * Threei kicks LVS in the rear
06[11:34] * Threei reminds LVS we are merely mortals
[11:34] {Threei} out half
[11:34] {Threei} stop to .15
[11:34] {_oneiron} out half
[11:35] {dptl} out half
[11:35] {magoo} nice kick, er um call
[11:35] {dino} gj
[11:36] {Threei} if we make new highs on LVS, you'll have to decide between taking it all above .50
[11:36] {Threei} or trailing
[11:36] {Threei} no way to tell which is better, personal preference
[11:36] {Threei} for now stop is under .20
06[11:38] * Threei hangs a carrot over .50 for LVS
[11:40] {Threei} here comes our spike... nervous nellies are out here
[11:40] {Threei} strong silent types are holding
[11:40] {dptl} out some more
[11:41] {Threei} and trailing their stops to under .30
[11:42] {Threei} the strongest and silentest (forgive me peter) type offers it at .85
[11:42] {dptl} offering last .97
[11:43] {Threei} I am out .85
[11:43] {Geo} excellent vad
[11:43] {Threei} dp outstronged and outsilenced me
[11:44] {hawkfan4} beauty
[11:44] {_oneiron} out in full ty 3i
[11:44] {Threei} welcome oneiron
[11:44] {_oneiron} ).
[11:44] {Threei} who are you calling beauty hawk?
[11:45] {hawkfan4} {blushes} why you of course :)
[11:45] {Threei} dp is out
[11:45] {dptl} ok.90 out tyyyy
[11:45] {Threei} wasn't easy call, with it being so much up
[11:45] {dptl} changed my mind last second :)
[11:45] {Threei} too bad
[11:45] {Threei} it hit .99 just for you :)
[11:46] {dptl} ye...but still good:)
[11:46] {Threei} peter and raven fainted after reading "silentest"
[11:47] {Geo} whats wront?
[11:47] {Geo} its a test of silence
[11:48] {Geo} man LVS
[11:48] {Geo} silentest of all
[11:50] {Threei} OK, LVS will never stop
[11:50] {Threei} it will goo up, up and up
[11:50] {Geo} feeling bad vad?
[11:50] {Threei} until it reaches the end of the Universe or end of Internet, whichever comes first
[11:50] {Threei} no
[11:51] {Threei} stock was up from frikin 5 to over frkin 7
[11:51] {Geo} I ahem missed......
[11:51] {Threei} took a lot of guts to call it there as it was, and to hold for more than a scalp
06[11:51] * Geo is feeling like @#$%
[11:51] {Geo} got a phone from office
[11:52] {dino} goog stopped -$200
[11:52] {dino} broken today
[11:52] {Geo} yeah not following NQ
[11:52] {dino} should go now that i'm out, but not letting it ruin a good day
[11:53] {Geo} yup vad LVS
[11:53] {Geo} also MGM and WYNN
[11:54] {dino} drys wow, 129-16
[11:56] {Threei} yeah... DRYS is not very recession=proof one
[11:59] {dino} another cramer pick in the 100s
[11:59] {Threei} nice
[12:00] {hawkfan4} probably time to average down
[12:00] {Threei} lol
[12:00] {Threei} you still in Qs, hawk?
[12:00] {hawkfan4} yep, waiting for a spike
06[12:01] * Threei recognizes hawk as a strong silent type
[12:01] {hawkfan4} lol, better than silent but deadly
[12:02] {dino} :)
[12:06] {hawkfan4} out q's +.14
[12:08] {Geo} man LVS
[12:10] {Threei} told ya... it's set to search for where the universe ends
[12:10] {Threei} chaeron :(
[12:11] {Threei} missed best play of the day
[12:11] {Geo} i am with ya chaeron
[12:11] {Geo} i was here and missed it
[12:12] {Chaeron} I got cut off and just rejoined... dang
[12:13] {magoo} l aapl here .35
[12:13] {magoo} 300 sh
[12:13] {magoo} fast
[12:14] {magoo} out here .67
[12:14] {magoo} easy button
[12:14] {dino} gj
[12:15] {Threei} magoo ever the scalper
[12:15] {magoo} that was nice right?
[12:15] {hawkfan4} nice. definitely the way to go today so far
[12:16] {magoo} low risk
[12:18] {dptl} oh..its fed today???
[12:18] {Threei} lol
[12:19] {Threei} good morning dp
[12:19] {dptl} lol
[12:19] {dptl} what time?
[12:19] {Threei} told you put that vodka down that early in the day
[12:19] {Threei} 2:15
[12:19] {dptl} lol....ty
[12:20] {Threei} market flatlined
[12:21] {Threei} 8.50 is kind of critical for LVS now
[12:21] {Threei} if holding above it, likely to spike into 9 and higher
[12:22] {Threei} not suggesting a trade, risk is enormous
[12:22] {Threei} rather watch it for educational purposes
[12:22] {Threei} or if hands are itching, smaaaal shares
[12:22] {dptl} klac again?
[12:23] {Threei} 21 break... but, only if you believe in NQ ramp up
[12:23] {dptl} yeah.....thats the problem....
[12:24] {Threei} lost .50, LVS, and didn't bounce right back... most likely done
[12:24] {Threei} NQ is trying
[12:25] {Threei} if KLAC chews through 21, stop would be under 20.90
[12:25] {Threei} so... why not
[12:25] {magoo} i rember yrs ago...take those small dollar stocks like LVS 5k sh and run 2 points
[12:25] {magoo} SIGH
[12:26] {magoo} remember vad?
[12:26] {Threei} it will come back mags
[12:26] {Threei} once bull firmly establishes itself
[12:26] {dino} still happens magoo, only in reverse everyday
[12:26] {magoo} tru dat dino
[12:26] {Threei} appetite for stocks will skyrocket a lot of them
[12:28] {Threei} wow LVS
[12:28] {Threei} market spike encouraged it I guess
06[12:28] * Threei slaps laserdave1 around a bit with a large trout
06[12:29] * magoo slaps laserdave1 around a bit with a large trout
[12:30] {Threei} GM
[12:30] {Threei} REPORTEDLY MAJOR ISSUES HAVE BEEN RESOLVED IN TALKS WITH CERBERUS - UNCONFIRMED REPORT
[12:30] {Threei} - The two companies have reportedly agreed that GM CEO Rick Wagoner would lead the merged entity. This seems to confirm earlier reports from 10/24 that Cerberus does not want to force management changes as part of any deal between GM and Chrysler. Additionally, the UAW has been approached during the negotiations.
[12:30] {Threei} - separately GM has declined any comment on reports that it was seeking help from Toyota.
[12:30] {Threei} KLAC over 1:1
[12:31] {dptl} yeah...didn't take it.....oh well
06[12:31] * Threei adds dptl to the list of nervous nellies
[12:31] {dptl} :)
[12:33] {dino} add dino too
[12:33] {Threei} KLAC 1:2
06[12:33] * Threei makes sure to rub it in
[12:35] {magoo} vad..lok for goog news again please
[12:35] {magoo} this is nuts
[12:35] {magoo} all other tech up
[12:35] {Threei} nothin fresh mags
[12:36] {magoo} it should be green at min
[12:36] {magoo} your not looking
[12:36] {magoo} magoo runs from fish lol
[12:41] {dino} v sm goog s .50
[12:42] {dino} 9.50
[12:43] {dino} cov 8.30, +1.20
[12:43] {dino} dino ducks as magoo throws book at me
[12:44] {dino} way soon
[12:48] {hawkfan4} out 1/4 MS +$4.08
[12:48] {Threei} sigh
[12:48] {Threei} this is indecent
[12:49] {Chaeron} umm... I'm feeling very inadequate
[12:49] {hawkfan4} lucky, i sat thru that huge pullback to 13.40
[12:49] {Threei} my usual feeling chaeron
[12:49] {Threei} so I'd have to put it this way:
[12:49] {Threei} it adds to my list of inadequacies
[12:50] {Chaeron} I make $0.25 here and $0.30 there.... and these guys pulling in+$4 trades
06[12:50] * dino slaps Chaeron around a bit with a large trout
[12:50] {dino} and hawk, wtg
[12:50] {Chaeron} it's more obscene than an X Rated movie
[12:51] {Threei} niew spike is coming it seems
[12:51] {Chaeron} Q's over .43?
[12:52] {hawkfan4} thx dino
[12:52] {Threei} no clean technical read chaeron
[12:52] {dino} :)
[12:52] {dino} up then down
[12:52] {Threei} I prefer pullbacks still
[12:52] {Chaeron} thanks
[12:53] {dino} or reverse, lol
[12:53] {Threei} lol
[12:53] {Threei} whichever comes first gets reversed after
[12:53] {dino} agreed
[12:58] {dino} ice sm s .15 stop .51
[13:00] {dino} stopped that was fast
[13:10] {dino} clf l sm .51
[13:11] {peterg} back after work; reviewing log, I notice several invented words. I have been to rehab for compulsive spellers, and the new mantra is communicate, baby
06[13:12] * dino slaps peterg around a bit with a large trout
[13:12] {Threei} hmmm
[13:13] {Threei} never thought rehabs worked
[13:13] {peterg} thks, I needed that
[13:13] {peterg} they dont, but I can pretend
[13:13] {dino} indeed peter
[13:13] {dino} ice rinsed
[13:15] {hawkfan4} long q's .24, stop .18
[13:19] {dino} clf stopped -.33
[13:19] {Threei} PREVIEW: FOMC RATE DECISION DUE OUT AT AROUND 2:15PMET
[13:19] {Threei} **consensus expectation is for a 50bps cut to 1.00%, though a few analysts are predicting a lesser 25bps cut. Fed Funds Futures are currently fully pricing in 50bps, and predicting an almost 50% chance of a 75 bps cut. Even though another rate cut will likely have little effect on the real economy in the short term given the absence of lending, a rate cut seems to be a given today as another psychological boost for the market.
[13:19] {dino} taking break
[13:19] {dino} rate cut lets bank increase their spreads, print $
[13:21] {dino} rinsed again, sitting until meetging over
[13:21] {dino} meeting
[13:22] {hawkfan4} put hard stop on q's at .17, time for lunch
[13:23] {peterg} long 1/2 cup chicken chili soup
[13:24] {Threei} we always knew hawk leaving was good for the markets
[13:26] {magoo} so vad..what u thinkin
[13:26] {magoo} sell off after rate news?
[13:26] {Threei} with feds, no clue mags
[13:26] {magoo} sell the news
[13:26] {magoo} god danmmit
[13:26] {Threei} not necessary
06[13:26] * magoo slaps Threei around a bit with a large trout
[13:26] {Threei} markety is in bullish mode
[13:27] {magoo} markety??
[13:27] {Threei} it can just as well simply wait to make sure it's not a lesser cut than expected
[13:27] {magoo} whos that hr he?
[13:27] {Threei} then skyrocket
[13:27] {magoo} if lesser...crash?
[13:27] {Threei} again.... nopt necessary
[13:27] {Threei} initial reaction maybe
[13:28] {magoo} is ben that stupid to go only 25?
[13:28] {Threei} then it can just as well be percieved as sign of underlying strength
[13:28] {Threei} guessing game, really
[13:28] {magoo} whats the plan?
[13:28] {Threei} don't have any
[13:29] {Threei} letting annoucement time and initial reaction go
[13:29] {magoo} that does itttttttttttt
[13:29] {Threei} then watching what transpires
[13:30] {lisa_jay} Magoo, if Benny does deliver the .5 point then market could also sell off....like the Bill passing. My 2c.
[13:30] {Threei} that's what I mean... anyone's guess at this point
[13:30] {magoo} [13:26] {magoo} sell the news
[13:32] {lisa_jay} :-)
[13:33] {hawkfan4} 1/2 out q's +.25
[13:33] {lisa_jay} Nice Hawk.
[13:33] {hawkfan4} thx lisa :)
[13:34] {magoo} mkt spiking into annctmt
[13:37] {dino} next gap 9310
[13:37] {dino} gj hawk
[13:38] {Threei} if cut is bigger than expected, MS is likely beneficiary
[13:38] {Threei} REPORTEDLY NEW FDIC PLAN TO PREVENT FORECLOSURES COULD PROVIDE UP TO $600B IN GOVERNMENT GUARANTEES ON AS MANY AS 3M AT RISK MORTGAGES - UNCONFIRMED REPORT
[13:38] {Threei} - reminder: earlier today, the FDIC's Bair reportedly said FDIC was developing a plan to spur loan modifications, hoping to make a "major impact."
[13:38] {hawkfan4} thx dino
[13:39] {magoo} see GOOG
[13:39] {magoo} this is what i was saying
[13:40] {magoo} shoiuld be green
[13:41] {dino} but it isn't magoo, something wrong
[13:43] {magoo} how would u like having a critic sitting in same office with ya? annoying
[13:44] {dino} just stating the obvious
[13:44] {hawkfan4} lol
[13:47] {Threei} throw Google search bar at him
[13:47] {hawkfan4} out rest q's +.22
[13:48] {dino} gj
[13:48] {Threei} FITB is still moving
[13:48] {Threei} hawk, don't tell me you are still holding
[13:48] {hawkfan4} still have 1/2 :)
[13:48] {Threei} {--- crying
[13:49] {hawkfan4} gonna sell 1/4 b4 the announcement and take my chances with small shares
[13:51] {dino} well, risk is our business
[13:52] {Threei} and just so everything's clear, hawk's small shares is like 3K
[13:52] {Threei} or 6
[13:52] {hawkfan4} lol, no
[13:52] {Geo} chump change for him
[13:52] {Threei} :)
[13:54] {magoo} goog going green
[13:54] {magoo} vad, should i hold 1k into announcemt
[13:54] {Geo} [10:51] {dino} well, risk is our business
[13:55] {Threei} of GOOG mags?
[13:55] {magoo} yeah
[13:55] {Threei} I don't know why you would want such spare change
[13:55] {Threei} get 10K
[13:55] {Threei} be brave
[13:55] {Threei} heroic
[13:55] {Threei} patriotic
[13:56] {magoo} i thought u were to faint there
[13:56] {lisa_jay} I fainted...
[13:56] {Threei} see, here is where you err:
[13:56] {Threei} you assume my normal state is consciousness
[13:56] {Threei} so I can faint
[13:56] {lisa_jay} Lol.
[13:57] {magoo} no..i assume u care lol
[13:57] {Threei} me?? care??
[13:57] {magoo} my point
[13:57] {Threei} wait... I do
[13:57] {Threei} if I don't how do I know when to trout you
[13:58] {peterg} intuition=knowledge based on feeling
[13:58] {magoo} u been sparse with the fish today
[13:58] {Threei} I disagree
[13:58] {Geo} .
[13:58] {Threei} intuition - knowledge based on internalized experience
[13:58] {dino} risk is your friend, embrace it, dance w/it, don't be afraid of it, understand it and control it
[13:59] {Geo} or feeling based on knowledge?
[13:59] {peterg} feeling, no?
[13:59] {peterg} all good
[13:59] {Threei} I am feelingless
[13:59] {Threei} especially after dinner with dptl
[13:59] {peterg} the instrument awaits to be played \
[14:00] {dino} yuk
[14:00] {peterg} awaits inputs & output
[14:00] {peterg} s
[14:00] {dino} lol
[14:00] {dptl} lol Vad...
[14:00] {Threei} all my 5 senses get muted after 3rd bottle of vodka
[14:00] {Geo} wow how many shots of vodka dp?
[14:00] {Geo} BOTTLE?
[14:00] {Threei} and dp never stops until 6s
[14:01] {peterg} k back for close in 2
[14:01] {Threei} on the postive side, 7s sense appears
[14:01] {Threei} (6s is being skipped as my math abilities get muted too)
[14:03] {Threei} MS and FITB pulled back a bit before announcement
[14:03] {dino} markets too
[14:04] {Threei} yeah, I guess they simply nmove in synch for now
[14:04] {dino} watching clf again, sitting until 2:30ish
[14:06] {magoo} a bit before announcement
[14:07] {magoo} what announcemt vad
[14:07] {Threei} oh boy
[14:07] {Threei} CNN
[14:07] {Threei} now they show what exactly happens in the brain of undecided voters
[14:07] {laserdave1} what announcement
[14:07] {Threei} just how much one topic can be milked, lol
[14:07] {Geo} wedding
[14:07] {Threei} ok mags
[14:08] {Threei} I realize you are suffering
[14:08] {Threei} only out of my general mercifullness:
06[14:08] * Threei slaps magoo around a bit with a large trout
[14:08] {magoo} :)
06[14:10] * laserdave1 slaps magoo around a bit with a large trout
06[14:11] * magoo slaps hawkfan4 around a bit with a large trout
[14:11] {dino} yeah, magoo's suffering...from a hangover
[14:11] {Threei} hmmm
[14:12] {Threei} look at FITB level 2
[14:12] {magoo} dont tell them that....dont want them thinking i boozer
[14:12] {Threei} quotes almost disappeared on the ask side
[14:13] {Threei} 2 min
[14:14] {Threei} 1
[14:15] {magoo} im so nervous
[14:16] {Threei} is my clock off?
[14:16] {hawkfan4} they're late
06[14:16] * Threei slaps magoo around a bit with a large trout
[14:16] {hawkfan4} 4 pt spread on nq, geesh
[14:16] {Threei} risk aversion
[14:16] {magoo} we are plus 56 and 21 before anncmt
[14:17] {dptl} dow 81
[14:17] {magoo} 43
[14:17] {dptl} 63
[14:18] {magoo} 61
[14:18] {dino} lunch must be late
[14:18] {magoo} half
[14:18] {hawkfan4} 1/2
[14:18] {dino} .50
[14:18] {Threei} yup
[14:18] {Geo} so dino you gettin gbeer?
[14:18] {magoo} first move down
[14:18] {dino} going for -100 area dji, then bounce
[14:19] {dino} indeed i am geo
[14:19] {Geo} indeed
[14:19] {dino} cown spike
[14:19] {dino} hmmm reverse of thoughts dji
[14:25] {dino} -67
[14:25] {Threei} -84
[14:25] {Threei} quotes delay or just too fast?
[14:25] {Threei} -99
[14:26] {Threei} -73
[14:26] {Threei} really fast
[14:26] {dino} pulp
[14:29] {Threei} -24
[14:29] {Threei} lol
[14:29] {magoo} are we in anything?
[14:29] {Threei} in coma
[14:30] {lisa_jay} :-)
[14:30] {dino} prime drops to 4.5%
[14:31] {Threei} mags. let's let the dust settle
[14:31] {magoo} u bet
[14:31] {Threei} no patterns work in this hectic up and down
[14:32] {magoo} look at qqqq chart..a lil jerky
[14:32] {dino} bit of chaos
[14:32] {dino} -11
[14:32] {dino} 100
[14:32] {dino} hmmm maybe -200
[14:33] {Threei} wstching MS for bounce off 15
[14:34] {dino} i suppose -200 gets us our normal 400 range
[14:36] {Threei} anoyone caught it?
[14:36] {Threei} we are at exit point
[14:39] {Threei} a bit more strength now
[14:39] {Threei} next opullback is a buy
[14:40] {Threei} Qs or whatever you like that tracks it
[14:41] {Threei} ok, should pull back from here
[14:42] {Threei} wow... still going
[14:45] {Chaeron} just got back... still too hectic?
[14:45] {Threei} starting to improve
[14:45] {Threei} jyst doesn't want to pull back for us
[14:47] {Threei} pullbacks are ridiculously shallow
[14:48] {Threei} I was waiting for closer to 32 on Qs, and all it did was 32.24
[14:49] {Threei} watch where MS bottoms out
[14:49] {Threei} if shallow enough, 16 is next long trigger
[14:51] {Threei} bounce will be better with this depth of pullback
[14:51] {Threei} but need one more leg
[14:54] {magoo} u in ms
[14:54] {Threei} not yet, waiting for this last leg
[14:55] {Threei} can take a few tries
[14:55] {Threei} in .49
[14:55] {Threei} stop under .40
[14:55] {dino} clf sm l .03
[14:55] {Threei} CNBC'S LIESMAN: EARLIER REPORTS ON FIGURES OF FDIC PLAN FOR FORECLOSURES 'PREMATURE' AS LOOKING FOR ALTERNATIVES AND ACCEPTING NEW IDEAS
[14:56] {Geo} in .48
[14:56] {Threei} half out
[14:56] {Threei} .65
[14:56] {Geo} .63 here TY vad
[14:57] {magoo} i missed
[14:57] {Threei} it gave second chance
[14:57] {Geo} i missed yes
[14:57] {Threei} after my post
[14:57] {Geo} got in that
[14:57] {Threei} wake up, will ya
[14:57] {Threei} offering .75, stop .45
[14:58] {magoo} looking to go long off .75
[14:58] {Threei} lol
[14:59] {Geo} nice thanks vad
[14:59] {Geo} all out
[14:59] {Threei} :)
[14:59] {Threei} they are nading money out today
[15:00] {Threei} handing
[15:00] {Chaeron} scalped .10 outta Q's...
[15:00] {dino} out clf .63, +.60
[15:02] {Onix} OK I made it in for lunch again, how are ya all doing?
[15:02] {Chaeron} same story... Dino making 6x my trades :)
[15:02] {Geo} .you missed MS chaer?
[15:02] {Chaeron} yeah....
[15:03] {dino} lol good day
[15:03] {dino} 3x's
[15:03] {Geo} nice dino....
[15:03] {dino} thx makes up for mon. and tues.
[15:03] {Chaeron} happy for you dino :) Honor to be on the same field
[15:03] {dino} the honor is mine
[15:03] {Chaeron} ok, now let's go kill another one
[15:04] {Geo} dino honorable and rich
[15:04] {dino} indeed, we eat what we kill
[15:04] {Geo} phew
[15:04] {Geo} for a second i thought he typed " on another"
[15:05] {dino} lol
[15:05] {dino} you know what i say geo.....
[15:05] {Geo} ummmm
[15:05] {Geo} stops are skill?
[15:05] {dino} being poor sucks....staying poor is stupid
[15:05] {Geo} nice
[15:06] {dino} i guess i say too much
[15:07] {_nicklam66} looks its forming an acute triangle
[15:07] {Threei} what does, nicklam?
[15:08] {_nicklam66} qqqq?
[15:08] {_nicklam66} and ms
[15:08] {magoo} last hour gonna be interesting
[15:08] {Threei} yeah
[15:08] {dino} as in pretty?
[15:08] {dino} a cute
[15:08] {_nicklam66} lol no
[15:08] {dino} my humoir is wasted
[15:09] {Threei} lol
[15:09] {Geo} lol
[15:09] {magoo} humoIr?
[15:09] {hawkfan4} lol, it's kinda cute, but i've seen cuter
[15:09] {Geo} better than the benign dictator anyday
[15:09] {dino} roflol
[15:10] {Threei} bening is tumor... dicators are benevolent
[15:10] {magoo} leave newbie alone
[15:10] {Geo} beningn as in not too dangerous
[15:10] {Geo} benevolent i dunno
[15:11] {magoo} magoo ooks up benevolent in pictionary
[15:11] {Geo} lol
[15:11] {Geo} i actually bought one this weekend
[15:11] {Geo} for the kids..... been reading it
[15:11] {dptl} lol
[15:11] {Geo} myself
[15:14] {Geo} hey dino..... maybe your NYSE stop rinses will improve
[15:14] {Geo} http://www.reuters.com/article/marketsNews/idINN2452708120081024?rpc=44
[15:15] {dino} lets hope
[15:15] {Geo} NYSE's new rules to eliminate specialists' "look"
[15:16] {Threei} very bullish action
[15:16] {dino} spike
[15:16] {hawkfan4} ramp time, thinking big into close
[15:17] {Threei} I think so too
[15:17] {dino} wants the gap 9310
[15:17] {magoo} server vad?
[15:17] {dino} 10-15
[15:17] {Threei} 8
[15:18] {magoo} ty
[15:19] {magoo} goog going green RISKY
[15:20] {dino} 30 pts
[15:20] {Threei} [13:27] {Threei} it can just as well simply wait to make sure it's not a lesser cut than expected
[15:20] {Threei} [13:27] {Threei} then skyrocket
[15:21] {Chaeron} shoot... misssed that one too
[15:21] {Threei} bull market is bull market
[15:21] {magoo} who said that?
[15:21] {Threei} Zaratustra
06[15:21] * Geo thinks chaeron has taken em all secretly
[15:21] {dino} filled, also about 400 pt range
[15:22] {Geo} the zoroastrian god? no way
[15:22] {dino} bull market? not in only 2 days
[15:22] {Chaeron} yeah... THAT'S it Geo... so I don't have to report them to the IRS??? lol
[15:22] {Geo} lol
[15:22] {dino} i say its a bear market spike
[15:22] {Threei} hey, as if we weren't known to play 5 minutes bull markets
[15:22] {dino} ok, now i see
[15:22] {Threei} :)
[15:22] {magoo} GREEN
[15:24] {dino} next gap i show is 9955 fwiw
[15:24] {dino} thinking not today
[15:24] {magoo} roflol
[15:25] {magoo} TODAYYYYYYYYYYY
[15:25] {Threei} ah come on
[15:25] {Threei} we did fill all gaps on downside in one day just couple days ago
[15:25] {Threei} let's do it on long side now
[15:25] {dino} 15% in 2 days
[15:26] {dino} patience knows what i'm thinking
[15:26] {magoo} kiss of death..cramer calling for 500 up on columnists conversation
[15:27] {Threei} oh boy
[15:27] {Threei} he already reversed his sell all call?
[15:27] {magoo} well..hes got everyone in cash
[15:27] {magoo} so load up lol
[15:27] {dino} yes and this morning he said no buys for 5 years
[15:29] {Threei} seriously?
[15:31] {dino} yes
[15:31] {dino} since he became talking had, he has lost his skill, imo
[15:32] {dino} head
[15:34] {dptl} ok...have a good evening all :)
[15:34] {Threei} take care dp
[15:34] {magoo} still posting up 500
[15:35] {magoo} says we did 400 yesterday innn last 30 mins
[15:36] {dino} cya dp
[15:36] {magoo} bye dp
[15:45] {Threei} hmmm... dp seems to be shopping hard lately
[15:45] {Threei} look at CEDC
[15:46] {hawkfan4} lol
[15:47] {lisa_jay} 36% move in 3 sessions..
06[15:48] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:49] * magoo slaps laserdave1 around a bit with a large trout
[15:50] {magoo} ty all..good day
[15:50] {Chaeron} Geo... DCC
[15:51] {magoo} cramer gonna look lika ass AGAIN
[15:52] {dino} lol
[15:52] {lisa_jay} Magoo if you have minute DCC please.
[15:54] {hawkfan4} are we up 500 yet?
[15:54] {Threei} uhhu
[15:54] {Threei} it's down 5 but who is counting
[15:54] {magoo} he had them buying
[15:54] {dino} grrrrr, dino getting mad
[15:54] {Threei} truly amazing
[15:54] {dino} missed dxd at 70 twice
[15:55] {Threei} ) IMF: ARGENTINA WILL NOT BE ELIGILBLE FOR THE NEW EMERGING MARKET FACILITY
[15:55] {Threei} don't cry for me argnetina?
[15:56] {peterg} covered apple for +.45
[15:56] {Threei} wtg
[15:56] {peterg} tks
[15:56] {Geo} chaeron dcc
[15:57] {hawkfan4} only 525 points to go
[15:57] {dino} morn
[15:57] {dino} gj peter took guts
[15:57] {hawkfan4} nice one peter
[15:58] {peterg} tks team; all smiles
[15:58] {Threei} great day
[15:58] {dino} ms 15
[15:58] {dino} thx all, very good day, appreciate the help
[15:59] {Threei} thank you all
[15:59] {Threei} have a great relaxing evening
[15:59] {magoo} WAIT VAD
[15:59] {hawkfan4} thx all, enjoy
06[15:59] * magoo slaps Threei around a bit with a large trout
[15:59] {Threei} see you tomorrow for another 1000 points
[15:59] {dino} going up 400, sheesh -140
[15:59] {Threei} that wasn't very nice mags
[15:59] {Threei} but then again, what else is new
[15:59] {magoo} felyt good
[15:59] {Threei} really?
[15:59] {Threei} lemme check
06[15:59] * Threei slaps magoo around a bit with a large trout
[15:59] {Threei} yup
[15:59] {Threei} you are right
[15:59] {magoo} ROFLOL
[15:59] {Threei} feels great
[16:00] {Threei} see you tomorrow :)
[16:00] {magoo} today was fun
[16:00] {lisa_jay} Thanks Vad.
[16:00] {dino} \magoo, a brew is in order
[16:00] {magoo} INDEED

Monday, October 27, 2008

Very nice first half of the day with a few quite sizeable wins. Second half was rather boring, brought couple small stops. End of day selling was not very clear till the very end, so we mostly skipped it excpet nice CIEN short for almost 40 cents.


Session Time: Mon Oct 27 00:00:00 2008
[07:53] {_oneiron} good morning from trial subscriber
[08:25] {magoo} morning oneiron, all
[08:49] {Threei} Good morning
[08:50] {Threei} what is it with single digit gap?
[08:50] {Threei} where are hundreds points?
[08:52] {magoo} morn vad
[08:52] {Threei} mags :)
[08:52] {magoo} was down 222
[08:53] {Threei} yeah... maybe I just need to wake up later, that's all
[08:55] {Threei} WHITE HOUSE'S BOLTON: THE G20 MEETING WILL TAKE STOCK OF THE MEASURES TAKEN TO QUELL THE FINANCIAL CRISIS AND DISCUSS STRATEGY FOR THE FUTURE
[08:55] {Threei} - Meeting will seek to reach an agreement on the causes of the crisis and address principles for governing financial markets.
[08:55] {Threei} - No one should expect the next president to attend the G20 meeting, however we will maintain close communication with the next administration's finance team.
[08:56] {hawkfan4} good morning
[08:56] {Threei} I have hard time imagining 20 of them agreeing on much
[08:56] {Threei} hawk :)
[08:56] {Threei} I mean, they are going to discuss causes?
[08:56] {Threei} 19 of them will scream "USA if the cause"
[08:57] {Threei} if = is
[09:03] {brian3579} gm all
[09:04] {Threei} brian :)
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:05] {dino} welcome to the jungle oneiron
[09:05] {_oneiron} ty dino
[09:05] {Threei} morning oneiron, welcome
[09:06] {_oneiron} ty threei
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:08] {Onix} Good morning all
[09:08] {Threei} Onix :)
[09:08] {Threei} be back in 5
[09:15] {Threei} strong premarket recovery hints of underlying strength, but I would like to get a confirmation
[09:16] {Threei} in a sense that I am willing to buy pullbacks, but somewhat reserved about breakouts
[09:21] {dptl} good morning all
[09:22] {Threei} dp :)
[09:22] {dptl} :)
[09:23] {Threei} overall, working aaumption for now is long
[09:23] {Threei} assumption too
[09:23] {ese} good morning vad dp dino brian grank geo hawk jmb mags onix tom et al......
[09:23] {Threei} ese :)
[09:24] {Geo} hey ese
[09:24] {ese} opps thats frank
[09:24] {ese} grank would have been a good handle though
[09:24] {ese} hows it goin geo
[09:25] {Geo} Monday blues
[09:25] {Geo} :)
[09:25] {ese} yup....
[09:25] {Geo} heard a friend of a friend rumour... so cant confirm the truth
[09:25] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[09:26] {Geo} this asian guy lost about 40k in the stock markets..... mostly financials
[09:26] {Onix} hi ese
[09:26] {Geo} then on a whim awas watching wachovia and bought 10k worth of stocks at 1cent
[09:26] {Geo} sold for 2.5 mill
[09:26] {ese} huhhhh.........
[09:27] {Threei} sounds like urban myth to me :)
[09:27] {Geo} he was so scared it would be busted........he did a broker wire.... didnt resign from company just flew home
[09:27] {ese} whats wachovia at now.....
[09:27] {Geo} i know !
[09:27] {Threei} 5.72
[09:27] {Geo} they traded 385 mill shares on the day it went to 1 cent
[09:28] {Geo} dunno.... i dont know him personally
[09:28] {Geo} but makes for a good story :)
[09:29] {Geo} the funny part is all his colleagues put bids on everything they know for a cent hoping for the same thing
[09:29] {Geo} then balout happenned so no go
[09:29] {dino} gap 8691 from thursday close
[09:31] {Threei} Long Setup: UAUA .30 if stays above .15
[09:34] {Threei} not sure about pullback entry on it, looks flaky
[09:35] {dino} svnt
[09:35] {ese} bstop appl sm 97.01
[09:37] {ese} nope....invalidated....
[09:38] {ese} back on....
[09:39] {ese} hmmmmmm hit .09 and i'm not filled
[09:39] {ese} no there we go .78
[09:40] {Threei} AMZ
[09:40] {Threei} AMZN
[09:40] {ese} nice!!!!!
[09:40] {Threei} pullback entry around 49.30 -.40
[09:41] {Threei} half lot, if gets there
[09:41] {Threei} no chance
[09:48] {ese} out aapl .59 - 19
[09:48] {ese} Ok....did not like that....that thing bounces around like a wounded duck
[09:49] {Threei} everything does so far
[09:49] {dino} dino pictures injured duck
[09:49] {ese} that was weird experience with 250 shs
[09:50] {dino} interesting times
[09:51] {ese} cheap exexperience for 50 bucks though don't think i could have handled more
[09:54] {ese} anyone here trade aapl regularly........how would you handle it
[09:54] {Threei} magoo does
[09:55] {ese} how do you handle it mags.......hold for the day or something ....and how many shs
[09:55] {Threei} essenrially by closing his eyes, hitting randomly buy or short, hitting opposite button beforfe he opens his eyes... then looking what came out of it
[09:55] {ese} ha ha,,
[09:59] {Threei} AMZN pullback entry near 50, small shares
[09:59] {Threei} stop under 49.90
[09:59] {dino} i think he's asleep es
[09:59] {Threei} target closer to 51
[10:00] {Threei} *SEPT NEW HOME SALES: 464K V 450KE
[10:01] {Threei} Long Setup: QQQQ .52
[10:01] {Threei} stop under .35
[10:02] {ese} no kidding...when you can buy a house for a$1.00.......on less than 1% mortgage
[10:02] {Threei} - Median sales price: $218,400 v $222K m/m (Down -9.1% y/y)
[10:02] {dino} mkl v sm l 7.5, risky, wide
[10:02] {Threei} QQQQ 1:1, half out
[10:02] {Threei} not a scalp for me
[10:03] {Threei} should take AMZN over .50 too
[10:03] {Threei} and launch its way to 51
[10:03] {Threei} out half QQQQ .72
[10:04] {Threei} out half AMXN .772
[10:05] {Threei} stop QQQQ balance .45
[10:05] {Threei} AMZN under .30
[10:07] {Threei} out AMZN balance
[10:08] {hawkfan4} nice vad
[10:08] {Threei} BEAV... didn't trust it on 10.85 break...
[10:09] {Threei} done with Qs balance
[10:10] {Threei} waiting for the next moment of clarity, things muddied up again
[10:10] {Geo} very nice call vad
[10:10] {Geo} how did you anticipate the NQ powerup?
[10:11] {hawkfan4} 8-ball
[10:11] {Geo} it was almost like you nailed it
[10:11] {Geo} really
[10:11] {Threei} C&H on 1 min
[10:11] {Onix} Thanks Vad for doing QQQQ for those of us who don't have NQ
[10:12] {Onix} on what?
[10:12] {Geo} i traded QQQQ too
[10:12] {Geo} i think he watches NQ
[10:12] {Threei} answering geo's question, onix
[10:12] {Onix} ty
[10:12] {dino} sm l ice .00
[10:12] {Geo} in fact on one mion chart i dont hthink there is much of diff in patterns
[10:12] {Threei} I guess the best way to handle it would be this guys, tell me if you agree
[10:12] {Threei} out of three, Qs, NQ and QID,
[10:13] {Threei} Qs is the most universal tool
[10:13] {Geo} yes
[10:13] {Threei} not everyone tardes e-minins, QID's volatility is not for everyone,
[10:13] {Threei} yet, it's easy to derive form Qs call according levels for any of those
[10:14] {Threei} so, I am caling Qs, and those who prefer NQ or QID match up their entries
[10:14] {Threei} sounds right?
[10:14] {Geo} sure
[10:14] {hawkfan4} youbet
[10:14] {Onix} ty
[10:14] {tomg} y
[10:14] {Threei} kewl
[10:14] {Geo} any tutorials on mathups? :)
[10:14] {Threei} just look at the charts
[10:14] {Threei} it's quite clear really
[10:14] {Threei} Qs C&H had .52 as trigger,
[10:14] {Geo} more in sense of equivalent numbers
[10:15] {Threei} NQ had coresponding level at 1200
[10:15] {Threei} see it?
[10:15] {Geo} yes
[10:16] {Threei} QID short price would be 83, to match those two
[10:17] {Threei} if I have time, I'll throw NQ in
[10:17] {Geo} cool
[10:20] {dino} ice stopped -.43
[10:21] {ese} were you long or short ice dino?
[10:22] {Threei} [10:12] {dino} sm l ice .00
[10:22] {ese} tks ....
[10:25] {dptl} .
[10:26] {dino} ..
[10:26] {Threei} and chaeron will be the one to swip it all?
[10:27] {Threei} sweep
[10:27] {Threei} BEAV seems to set on course of recent UAUA run
[10:28] {Threei} let's watch for pullbacks
[10:29] {Threei} 11.50 nearest support
[10:30] {Threei} market weakened, don't be in a rush to enter until support solidifies
[10:32] {Threei} half lot .20 if holding above 11
[10:34] {Threei} with any market help should take .35 and jump above .50
[10:34] {Threei} not much help so far
[10:40] {Threei} BRCM
[10:40] {Threei} pulling back into support
[10:40] {Threei} long off 16
[10:40] {Threei} .11 trigger
[10:42] {Threei} market can't find footing
[10:45] {Threei} OK, better now
[10:45] {Threei} need one more spike to reassure bulls
[10:46] {Chaeron} Good morning all
[10:46] {Threei} chaeron :)
[10:46] {Threei} here is my spike
[10:46] {Geo} hey chaeron
[10:47] {magoo} chaer
[10:47] {Threei} come on bulls, le't charge
[10:48] {Threei} meek bulls we've got today
[10:48] {hawkfan4} Long Q's 29.06, stop 28.85
[10:50] {Geo} brcm stop vad?
[10:50] {Threei} come on :)
[10:50] {Threei} under 16 of course
[10:50] {Chaeron} what's the BRCM call?
[10:50] {Threei} BRCM 1:1, half out
[10:51] {Threei} too late chaeron
[10:51] {Threei} .11 was long trigger
[10:51] {Geo} out half .24
[10:51] {Chaeron} thanks.. nice one
[10:51] {Threei} stop to 16.05
[10:52] {Threei} 16.09
[10:52] {Geo} 1/4 out on .32
[10:55] {Geo} C&H
[10:56] {Threei} stop to .15
[10:58] {Threei} offering 1/4 more at .42
[11:00] {hawkfan4} 1/2 out Q's + 25, stop to .19 for the rest
[11:00] {Threei} beauty
[11:00] {hawkfan4} thx :)
[11:00] {Threei} offering half BEAV .52
[11:04] {Threei} 2 cents more BRCM
[11:04] {Threei} be a doll
[11:05] {Threei} am I getting too greedy?
[11:05] {hawkfan4} out rest q's + .13
[11:05] {Geo} all out .4
[11:05] {Threei} anyway, trailing stop to .19
[11:06] {Geo} great all vad
[11:06] {Geo} .29 cents
[11:06] {hawkfan4} nice geo
[11:06] {Threei} T. Boone Pickens confirmed that BP Capital was down around 50% over the last year, totaling losses of around $2B
[11:07] {Geo} not exactly chump change
[11:07] {patience} think of how much shopping i could have done with that
[11:08] {Threei} lol
[11:08] {hawkfan4} lol
[11:08] {patience} stocks i mean
[11:08] {Geo} of course
[11:08] {Threei} 1/4 out BRCM .39
[11:08] {Threei} sure
[11:09] {magoo} bulls on parade
[11:10] {lisa_jay} Good morning.
[11:10] {Threei} lisa :)
[11:10] {lisa_jay} Looks like you had a great morning.
[11:10] {Threei} not bad but nothing outstanding
[11:11] {lisa_jay} Kid #2 Dr. Appt...just got back. Thank god i only have 2.
[11:11] {dino} clf sm l .00, stop lod
[11:12] {lisa_jay} Any way to see the morning post Vad, I only can see from since log - in (10:57).
[11:12] {hawkfan4} got clf .04 sm dino
[11:12] {Threei} after close, when the log is posted...
[11:12] {lisa_jay} Ok, thanks.
[11:13] {Threei} BRCM stop to .25
[11:14] {Threei} gotta chose between taking profit into next spike and simply trailing stop from now on for the last portion
[11:15] {hawkfan4} 1/2 out clf +.50, stop .94 on rest, thx dino
[11:15] {Threei} nice guys
[11:16] {Threei} hunting for pullbacks strategy works like charm so far
[11:16] {Threei} excpet BEAV... don't know why I refused to take 1:1, lol
[11:17] {Threei} anyway, half lot with 20 cents stop, not a big deal
[11:18] {Threei} stop to .29 BRCM
[11:18] {Geo} wow vad
[11:18] {Threei} will move to .35 after .50 break
[11:18] {Geo} you looking to squeeze a buck :)
[11:19] {Geo} am I glad you arent a bill collector
[11:19] {Threei} well... you remember my promise to start switching to day trades from scalps as bulls slowly roll in
[11:19] {Geo} yes
[11:19] {Geo} i think thats your biggest skill vad
[11:20] {Threei} ?
[11:20] {Geo} adjusting according to market
[11:20] {Geo} as you ve seen cycles
[11:20] {Geo} and successfully traded em
[11:20] {Geo} lots of success full people didtt retoo and lost big in this environment
[11:20] {Geo} retool
[11:21] {Threei} like pickens
[11:21] {Threei} lol
[11:21] {Geo} yeah lol
[11:21] {Threei} out BEAV
[11:22] {dino} gj hawk
[11:22] {Threei} I will post a blog article on changing the tune near market turning points,
[11:22] {dptl} klac?
[11:22] {Threei} what impacts our decisiosn and perceptions and how
[11:23] {hawkfan4} thx dino, -.05 on the last. scalpy morning for me
[11:23] {Threei} if market spikes again, dp, and KLAC stays above .90
[11:24] {dptl} ok ty
[11:25] {Threei} holding well
[11:29] {Geo} klac wants up badly
[11:29] {Threei} yes, just needs little help
[11:30] {Geo} nice dptl
[11:35] {dino} sm l mcd .80
[11:39] {Threei} BRCM broke .50
[11:39] {Threei} stop to .35
[11:44] {lisa_jay} Vad, where was BRCM entry? Thanks
[11:45] {Threei} 16.11
[11:46] {Chaeron} thanks LJ... remind me that I missed it by seconds of coming in late.
[11:46] {Chaeron} :)
[11:46] {Geo} :)
[11:47] {lisa_jay} I missed it too Chaeron.
[11:47] {Threei} out last portion BRCM
[11:47] {Threei} .71, +.60
[11:47] {Geo} nice!
[11:47] {Chaeron} really nice...
[11:49] {Threei} KLAC is thinking about something
[11:49] {Threei} I'd trail stop to .94
[11:53] {Threei} come on KLAC
[11:55] {Threei} good boy
[11:56] {Threei} hit 1:1 but market retreated immediately
[11:57] {Threei} hard to tell really
[11:57] {Threei} we are coming into lunch lull
[12:00] {Threei} new high
[12:00] {Threei} stop to .99
[12:01] {Threei} SEPT CHICAGO FED MANUFACTURING: 100.6 V 103.5 PRIOR
[12:07] {Threei} I like how KLAC is holding, but really... time to push
[12:08] {ese} see ya tomorow....
[12:08] {Threei} take care ese
[12:08] {ese} see ya vad
[12:08] {Threei} half out KLAC .26
[12:08] {Threei} 1:2 or so
[12:09] {dino} hod
[12:09] {Threei} stop to under .10 KLAC
[12:13] {Geo} off to work.... TY vad and all
[12:13] {Threei} take care Geo
[12:13] {Chaeron} bye Geo!
[12:14] {dino} cya geo
[12:16] {dptl} cmcsk?
[12:17] {Threei} I'd prefer a pullback into .40 or so
[12:17] {dptl} ok ty
[12:17] {Threei} with the look of NQ chart... probably lower
[12:18] {dptl} around .30 or so
[12:18] {dptl} or.35
[12:19] {Threei} WHITE HOUSE: TREASURY WILL DECIDE TO WHAT DEGREE AUTOMAKERS WILL QUALIFY FOR RELIEF PROGRAM
[12:19] {dino} out mcd .20, +.40
[12:19] {Threei} nice
[12:19] {Threei} they gave you fries with that?
[12:20] {dino} lol
[12:22] {Threei} lol, F moved whole 2 cents on that
[12:24] {Threei} scary call:
[12:24] {Threei} Short Setup: FSLR 110, small shares
[12:24] {Threei} if stays under .50
[12:25] {Threei} target about 108
[12:26] {Threei} yuck
[12:26] {Threei} volatility is beyond imaginable
[12:26] {dptl} lol...scary??? it's nuts
[12:26] {Threei} hehe
[12:26] {Chaeron} psychotic
[12:27] {dino} what did you call me
[12:27] {Chaeron} heheh
[12:28] {Threei} KLAC 1/4 more out
[12:28] {Threei} .42
[12:28] {Threei} +.39
[12:29] {dino} gj
[12:29] {Threei} ty
[12:34] {Threei} good boy KLAC
[12:34] {Threei} one more spike please
[12:34] {Threei} so what do you say guys... switch to longer holds works well so far?
[12:35] {Threei} out KLAC last portion.55
[12:35] {Threei} +.52
[12:35] {Threei} hmmm... am I alone in room of zombies?
[12:36] {hawkfan4} zzzz
06[12:37] * Chaeron looks up from his plate of fresh brains...
[12:37] {hawkfan4} nice trade vad
[12:37] {lisa_jay} Sorry Vad. I am a Zombie too.
[12:38] {Threei} ok, I am going out to find some vampire to sire me
[12:38] {lisa_jay} ?
[12:38] {lisa_jay} Sounds ....??
[12:38] {Threei} gotta join undead society I guess
[12:38] {Threei} otherwise no one talks to me
[12:39] {dino} true blood
[12:39] {lisa_jay} Looks like that rally is getting closer....
[12:40] {Threei} if we are to get rally today, it should start with Qs tagging and breaking .65
[12:41] {Threei} while staying above .50
[12:42] {Threei} some hesitation, then break of .76
[12:42] {Threei} and off to races
[12:42] {dino} if we get rally today we will go up
[12:42] {dino} :)
[12:42] {Threei} wow
[12:42] {Threei} that's quite a nugget of wisdom dino
[12:42] {lisa_jay} Deep thinking....:-)
[12:42] {Threei} you may beat me as master of stating the obvious
[12:43] {Threei} and I trained long and hard to get so pompous
[12:43] {dino} interviewing some pro football player te other day, he says if we score more points than opponent, we will win
[12:43] {Threei} rofl
[12:43] {dino} c'mon 8691
[12:43] {Threei} I heard one basketball guy saying "you can'ty win unless you go for the basket"
[12:44] {dino} lol
[12:44] {Threei} another one strongly disagreed with him saying:
[12:44] {Threei} I think defending your basket is just as important
[12:45] {Chaeron} sad thing is that these same ppl have the right to vote
[12:45] {Threei} lol
[12:45] {Threei} and make money exceeding our math abilities
[12:45] {dino} yes
[12:48] {lisa_jay} About the Q's Vad, were you looking at the Ascending Triangle? Thanks.
[12:49] {Threei} a few setups in there, all bullish
[12:49] {Threei} ascending triangle, somewhat distorted C&H, uptrending channel
[12:49] {lisa_jay} Yes, now i see them, thanks.
[12:50] {Threei} now need to break that .76-.80 area
[12:50] {Threei} or 1210 for NQ
[12:51] {Threei} if that happens, I suspect big one coming today
[12:51] {Threei} in DJI terms... 300 is not out of question
[12:51] {Threei} quite possibly more
[12:52] {Threei} here we go
[12:52] {Threei} stop Qs under .60
[12:52] {Threei} letting it trade
[12:52] {Threei} WHITE HOUSE PRESS SEC: AUTO FINANCE ARMS COULD RECEIVE AID AS PART OF FINANCIAL RESCUE PACKAGE
[12:53] {Threei} BRCM 17... sheesh
[12:54] {Threei} and KLAC 20
[12:54] {Threei} with all those hold we still underestimate their strength
[12:54] {Threei} gotta adjust even more, eh?
[12:55] {magoo} bulls on parade
[12:56] {Threei} they are
[12:56] {Threei} charging bulls is powerful thing
[12:57] {magoo} indeed
[12:59] {dino} fwlt sm l .99
[13:01] {Threei} BIDU
[13:01] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[13:01] {magoo} is that percieved good?
[13:02] {magoo} usually?
[13:02] {Threei} shrug
[13:02] {Threei} rumor is rumor
[13:02] {Threei} market can take it as good odds and run it... or disregard it
[13:03] {Threei} my guess is, it just trades with market
[13:22] {Threei} Long Setup: GLD .50 small shares if stays above .30
[13:25] {Threei} stopped
[13:28] {Threei} nezt rally leg is coming it feels
[13:28] {magoo} kinda felt like it all day
[13:28] {Threei} Long Setup: GE .76 if stays above .60
[13:29] {Threei} half out Qs +.30
[13:29] {Threei} OPEC SEC GENERAL AL-BADRI: ANOTHER EXTRAORDINARY MEETING IS POSSIBLE AHEAD OF SCHEDULED DECEMBER CONFERENCE
[13:30] {Threei} what do you call many extraordinary meetings
[13:30] {magoo} ill bite
[13:30] {Chaeron} boring...
[13:30] {Threei} verey ordinary I guess
[13:30] {dino} bout clf .00, +1.00, took all day
[13:30] {Chaeron} kick GE
[13:31] {Threei} let's trail to .65
06[13:31] * laserdave1 slaps Threei around a bit with a large trout
[13:31] {Threei} sigh
06[13:32] * Chaeron slaps laserdave1 around a bit with a large trout
06[13:32] * laserdave1 slaps Chaeron around a bit with a large trout
06[13:32] * laserdave1 slaps magoo around a bit with a large trout
06[13:32] * magoo slaps Threei around a bit with a large trout
06[13:32] * magoo slaps Chaeron around a bit with a large trout
06[13:32] * magoo slaps laserdave1 around a bit with a large trout
[13:33] {Geo} i c i missed a few calls
06[13:33] * Geo slaps laserdave1 around a bit with a large trout
[13:33] {dino} we hold them until you leave geo
[13:33] {Geo} sure :)
[13:33] {Geo} just hold the profitable ones
[13:34] {Threei} offering Qs balance 30.20
[13:34] {Threei} stop to under 30
[13:36] {dino} don't know how it happened but fwlt just sold at .39, +.40
[13:36] {Threei} lol
[13:37] {Threei} top of spike
[13:37] {Threei} beauty
[13:37] {Threei} closed Qs for now
[13:37] {dino} never saw it hit
[13:37] {dino} lucky
[13:37] {Threei} my chart shows spike
[13:37] {Threei} didn't want Level 2
[13:38] {dino} yeah, i see it now
[13:38] {Threei} let's trail GE to under .70
[13:39] {Threei} don't want to let eat into profits
[13:42] {Threei} overtightened Qs I guess
[13:43] {magoo} bills on parade here
[13:43] {magoo} bulls
[13:43] {magoo} bells
[13:43] {Threei} awww Qs
[13:43] {Threei} right nto my target
[13:44] {Threei} {--- still in need of mental reconditioning
[13:51] {dptl} .
[13:55] {Geo} hey chaeron dcc pls
[13:57] {Threei} US TREASURY REPORTEDLY EVALUATING ASSISTANCE TO GM AND CHRYSLER TO ASSIST POSSIBLE MERGER - UNCONFIRMED REPORT
[13:57] {Threei} stupid GE
[14:06] {Threei} looking at UAUA chart
[14:07] {Threei} formed big cup with 11.66 rim
[14:07] {Threei} inverted of course
[14:08] {Threei} 11.65 is short trigger if forms closer stop
[14:09] {Threei} AMZN
[14:09] {Threei} long between .50 - .60 if syats above .30
[14:09] {Threei} stays
[14:09] {Threei} damn dyskleksia
[14:10] {Threei} big offer at .55 is probably the best entry indication
[14:10] {Threei} if taken
[14:13] {Geo} wow
[14:20] {magoo} vad..sell off into bell or run up?
[14:21] {Threei} vcan't tell yet
[14:26] {dino} you can tell us
[14:26] {Threei} but then I would have to kill you
[14:26] {Threei} and I don't want to
[14:26] {Geo} why vad?
[14:27] {Threei} I like you
06[14:27] * Geo blushes
[14:27] {Threei} not you personally dummy
[14:27] {Geo} it was a setup
[14:27] {Threei} of course :)
[14:27] {Geo} ok so i tried a dino on amzn
[14:27] {Geo} barely got out alive
[14:28] {Geo} to iexperienced for that
[14:29] {dino} lol
[14:30] {Threei} for a late day selloff this started too early
[14:30] {Threei} those usually hit on last 20-30 min
[14:31] {dino} well just about 400 pt range day again
[14:31] {Threei} yeah, anothere day in the office
[14:32] {lisa_jay} UAUA in the process of forming that handle.
[14:34] {dptl} cien short at .90?
[14:35] {Threei} if not going above 9 on this NQ upward spike
[14:36] {dptl} ok ty
[14:36] {dino} sm l uthr .00
[14:38] {Threei} UAUA forms resitance at .80 so far
[14:38] {Threei} for a stop placement
[14:39] {lisa_jay} Vad, how much should we take volume into account when deciding a trade. ex if u want to short and see bigger up vol bars.
[14:39] {Threei} on what?
[14:39] {lisa_jay} UAUA maybe.
[14:40] {Threei} insignificant difference
[14:40] {lisa_jay} Ok, thanks.
[14:41] {Geo} drat
[14:47] {Threei} stop iis still above .80
[14:47] {dptl} Vad,on cien you would keep stop over 9?
[14:47] {Geo} you have inventory ?
[14:47] {Threei} no Geo
[14:47] {Geo} k
[14:47] {Threei} for now dp... mayube .95 if you feel NQ reverses
[14:48] {dptl} ok
[14:48] {Threei} and for sure move it to .95 if it breaks below .87
[14:55] {Threei} what a yawn second half of the day
[14:56] {Threei} so far at least
[14:58] {lisa_jay} Vad, for UAUA, you mentioned stop above .80... How much below .80 would you recommend? Thanks.
[14:59] {lisa_jay} Sorry, above .80.
[14:59] {Threei} below?
[14:59] {Threei} oh
[14:59] {Threei} kind of feeling thing... sometimes they barely touch and immediately retreat,
[14:59] {Threei} in such case I'd hold the trade
[15:00] {Threei} but when they move away from a stop or trade firmly over it, time to get out
[15:00] {lisa_jay} Is that why you don't like to have hard stops if not away from computer.
[15:00] {Threei} one reason, yes
[15:01] {Threei} another is
[15:01] {Threei} absence of discretion size wise
[15:01] {Threei} meaning:
[15:01] {Threei} imagine 100K shares at the bid at your stop level,
[15:01] {Threei} first 100 shares go off, your stop is triggered.
[15:02] {Threei} If you watch it, you won't take stop on such print size
[15:02] {Threei} you'll wait to see if that 100K is getting hit
[15:05] {Threei} lol dp, could you possibly pick slower stock than CIEN?? :)
[15:06] {dptl} yeah..
[15:11] {Threei} that too early stgarted selloff maybe the change of pattern
[15:11] {Threei} not ready commit yet
[15:11] {Threei} but watching how it unfolds
[15:13] {Threei} Qs, any pullback starts looking as long
[15:13] {Threei} .50 support
[15:14] {laserdave1} magoo dcc please
[15:15] {Threei} anyone took it under .70?
[15:16] {Threei} wasn't much of pullback really
[15:16] {Geo} i was looking at te red candle
[15:16] {Geo} but though pullback wasnt deep enuff
[15:18] {Threei} in
[15:18] {Threei} stop under .50
[15:18] {Geo} in .65
[15:19] {dptl} .66
[15:22] {Onix} in Q's @ .62
[15:23] {Geo} hmmm
[15:23] {Geo} i think ONIX's size broke the pattern
[15:23] {Threei} oh well
[15:23] {dptl} stopped qqqq
[15:23] {Onix} lo out .49
[15:24] {Threei} CIEN works though
[15:24] {dptl} still in
[15:29] {Threei} strangely, still feels like ramp up into close
[15:29] {laserdave1} magoo dcc if u see this please
[15:30] {magoo} there dave
06[15:30] * Geo slaps magoo around a bit with a large trout
[15:30] {Onix} I was watching KLAC and wanted to take it @ 20.01 !!
[15:30] {Geo} thats not dcc
[15:40] {Threei} what a battle
[15:44] {Threei} if .40 is holding, going to try .51 for one last scalp
[15:45] {dptl} half out cien .75
[15:45] {Threei} good one
[15:45] {Threei} .40 not holding
[15:49] {dino} gj
[15:50] {Threei} if we finish here, it's not bad
[15:51] {Threei} no more deep dive into close
[15:53] {Threei} some selling
[15:53] {Threei} not huge
[15:54] {Threei} a bit more than I would have liked for a solid rally footing
[15:54] {Threei} oh well... not time yet then
[15:55] {dptl} covered some more .62 cien
[15:55] {Threei} 5 min left dp
[15:55] {Threei} just a rfeminder in case you lost track of time
[15:55] {dptl} biding last300 at .53
06[15:57] * Threei slaps dptl around a bit with a large trout
[15:58] {dptl} all out
[15:58] {Threei} whew
[15:58] {Threei} wtg
[15:58] {Threei} OK, don't like this selling
[15:58] {dptl} ty.....
[15:58] {Threei} hoped for better support
[16:00] {Threei} thank you all
[16:00] {hawkfan4} wow
[16:00] {Threei} have a good evening, see you tomorrow for another interesting day
[16:00] {hawkfan4} thx vad, all
[16:00] {dptl} have a good evening all
[16:01] {Onix} thanks Vad, all of the best everyone
[16:01] {Geo} bye all
[16:02] {dino} later all

Friday, October 24, 2008

Fri Oct 24 2008

We thank all the guests who attended our Open House. We navigated through the rough waters of these two days quite smoothly, finishing Thu in the money and Fri with no single losing trade. Also had a chance to provide educational commentaries to some of the trades, especially textbook QQQQ day trade and a few scalps on breaks and pullback entries. We hope you enjoyed your stay with us.



Session Time: Fri Oct 24 00:00:00 2008

[07:26] {Nemo} Guten Morgen
[07:27] {_coyote} Good Morning Nemo
[07:28] {Nemo} Markets may not open this morning, futures down so much
[07:29] {_coyote} What does that forebode?
[07:30] {Nemo} If there at limit down, there's only trading on equities bid above the down limit. It means 1987.
[07:30] {_coyote} Are the futures that close to limit down this morning?
[07:31] {Nemo} They're at limit down now
[07:32] {_coyote} Where do you get your futures quotes from?
[07:33] {Nemo} If they don't come off, today and likely monday will (use your favorite adjective). I have Fidelity. You can look at finviz.com or bloomberg
[07:33] {_coyote} Thanks Nemo
[07:45] {Threei} Good morning
[07:45] {Threei} wow
[07:45] {Threei} what the heck happened overnight?
[07:45] {Threei} both SP and NQ are limit down
[07:45] {_coyote} Good Morning Threei...looks bad
[07:46] {Nemo} DOW limit down also
[07:46] {Threei} any overnight news causing that or just because?
[07:46] {Nemo} Nothing specific.I'd say hop on the Short ETF wagons, but I'm not sure what will trade this morning.
[07:47] {Nemo} I'll grab the vodka
[07:47] {Threei} PIMCO'S EL-ERIAN: EMERGING MARKETS STARTED THE SELL-OFF, CARRY TRADES GOT HIT HARD, FORCED REDUCTIONS BEGAN YESTERDAY - CNBC INTERVIEW
[07:47] {Threei} - Heavy damage to the system is being worked through, the system needs to get rid of its "damaged parts."
[07:47] {Threei} - Insists however that credit pipes are starting to unclog
[07:47] {Nemo} Words are cheap. LIBOR up, bank hoarding, OPEC cut production
[07:48] {Nemo} This feels like 1987. Today and Monday-ouch
[07:48] {Nemo} Oh report on heightened Russian default risk
[07:49] {Threei} days when you are happy to be a day trader
[07:50] {_coyote} Yes indeed
[07:54] {Nemo} I wonder non-dividend paying stocks will be toast in the future
[07:54] {Threei} just how much do you hate to admit that once a few years even Cramer is right
[07:55] {_coyote} Who?
[07:55] {Nemo} Cramer was just on the bandwagon. Having said that, he picked good stocks. I'd see measurements of return from the day he mentioned them
[07:55] {Threei} TV guru... Jim Cramer
[07:55] {Nemo} Even he would say wait a week.
[07:55] {Threei} I mean his sell everything call
[07:56] {_coyote} Anyone hold anything overnight?
[07:56] {Nemo} Not to pat myself on the fin, but not comparing this to '74 or the depression was the mistake.
[07:56] {Threei} some SLW, coyote
[07:56] {Nemo} Nope. but I wish I had bought the short ETFs!!!
[07:57] {Threei} not looking encouraging
[07:57] {Nemo} Yeah, and that's bid down this morning
[07:57] {_coyote} Does that mean no free food free drinks and girls for the open house?
[07:57] {Threei} we had a lot yesterday
[07:58] {Threei} be back in 10
[08:11] {Threei} QID trades at 89
[08:11] {Threei} looks weird, with this gap down it should be much higher
[08:11] {Threei} trhings are broken
[08:12] {Nemo} Well, those hard limit downs are like banning short selling, which affected the short ETFs
[08:12] {Threei} yeah, distorts prices
[08:13] {Nemo} So, if I start drinking, will it un-distort things?
[08:13] {Threei} OPEC PRESIDENT KHELIL: NOT CONCERNED BY TODAY'S DROP IN OIL PRICES
[08:13] {Threei} of course he isn't
[08:14] {Threei} sorry Nemo, but we have a strict limitation on drinking here: none before 9:25 EST, no more than 300 g of vodka in one gulp, and not more often than one dose every 5 minutes
[08:14] {Nemo} Danish central bank raised rates
[08:14] {Threei} are they out of their collective mind?
[08:15] {Nemo} Yeah, I've had more than my fair share of those Russian tea glass doses
[08:15] {Threei} LIMIT REMINDERS FOR US EQUITIES FROM CME GROUP AND NYSE FOR THE Q4
[08:15] {Threei} http://www.nyse.com/press/circuit_breakers.html
[08:15] {Threei} http://www.cmegroup.com/trading/equity-index/files/EquityIndexPriceLimitGuide.pdf{SPY
[08:16] {Threei} IEA: TODAY'S OUTPUT CUT WILL FURTHER DETERIORATE WORLD ECONOMIC SITUATION
[08:16] {Threei} OPEC: as if we care
[08:16] {Threei} (US) MARKIT: US INVESTMENT GRADE DEBT CDS INDEX WIDENS TO A RECORD LEVEL OF 243.75 BPS ON FALLING EQUITY FUTURES
[08:17] {Nemo} Well either 1) the world is ending-not 'till 2012. or, 2) This is the capitulation. Hopefully it doesn't crash the machine
[08:17] {Threei} 1 is questionable - why wait that long?
[08:17] {Threei} I say lert's have world end today and be done with it
[08:18] {Nemo} Yeah, but the mystics from the various traditions around the world say 2012
[08:18] {Threei} well, then we have almost 4 more years to enjoy
[08:19] {Threei} just gotta make sure you have a gun handy I guess
[08:19] {Nemo} What's scary, is there all in agreement. Not like those 7th day Adventists back in the 1800s or the Lubavitchers when Schneerson ie
[08:19] {Threei} 'cause a lot of others might have different ideas on how to anjoy it
[08:19] {Nemo} GUN(S) plural and ammo
[08:19] {Threei} are you ever optimist eh :)
[08:20] {Nemo} When I deem it the right course of action
[08:20] {Threei} I show oil 63.79
[08:20] {Threei} not sure this wuote is right
[08:21] {Nemo} Can't wait to hear your game plan for the day. Helluva time to hold an open house, huh?
[08:21] {Threei} lol
[08:21] {Nemo} I've got oil at 63
[08:21] {Threei} my timing in these things always sucked
[08:22] {Threei} RealityTrader creation itself - 2000
[08:22] {Threei} not 1998
[08:22] {Threei} not 2003
[08:22] {Nemo} Better to suck at this than at your trading, huh?
[08:22] {Threei} just before big crash :)
[08:22] {Threei} I guess
[08:22] {Threei} on the other hand...
[08:22] {Threei} we had absolutely fantastic trading weeks,
[08:23] {Threei} easy to see by reading our trading logs,
[08:23] {Threei} winning 9 days out of 10 on those two weeks of biggest swings
[08:23] {Nemo} Yeah, you've been cleaning up. Just hopefully (optimistically speaking) those piece of paper continue to be worth something
[08:23] {Threei} and firmly intend to keep the room as safe as possible today
[08:23] {Threei} well, that's all we have
[08:24] {Nemo} Bar the door then
[08:24] {magoo} morning
[08:24] {Threei} morning mags
[08:24] {magoo} certain;ly tough times to do an open house
[08:24] {Threei} hehe
[08:25] {Nemo} shoulda' read the discourse magoo. smack him with my cousin!!
[08:25] {Threei} DJI - 600
[08:25] {Threei} and we haven't even opened yet
[08:26] {Nemo} Here's hoping this is 1987 and not 1929
[08:26] {Threei} I would say never in my life have I seen anything like over last three weeks,
[08:26] {Threei} but then again, everyone is saying this
[08:26] {_coyote} Maybe should have stayed with the Indian slots
[08:26] {Threei} lol
[08:26] {Nemo} I was sitting in class during 1987, that was something
[08:27] {Threei} I still don't think it's going to be repeat of Great Depression
[08:28] {Threei} uh oh
[08:28] {Nemo} As you say about the markets, it doesn't matter what we think. The great (cough, cough) minds didn't see this coming
[08:28] {Threei} GM
[08:28] {Threei} COMPANY REITERATES THAT BANKRUPTCY 'NOT AN OPTION'
[08:28] {Nemo} Fed will supply mouse money to GM
[08:30] {Threei} Raven... you noticed sky is falling?
[08:30] {Nemo} Maybe I'll just run up my credit cards and file bankruptcy
[08:32] {Nemo} SKF pretty much pinned at 180, although 20% return overnight would have been nice
[08:33] {Raven} Just your once a century panic ... no problem
[08:33] {Threei} yup
[08:35] {Nemo} Vad, check Bill this mornin'?
[08:35] {magoo} man
[08:35] {Threei} not yet nemo
[08:36] {magoo} , so i understand we have to sit -n-see, but any working theories for toay?
[08:36] {Threei} well
[08:36] {magoo} it could crash at bell...bounce ...and crash
[08:36] {Threei} first, it's going to be a chaos
[08:36] {Threei} I intend to skip the very open,
[08:36] {magoo} it could spike at bell, hard pullbk, then up then close at lows
[08:36] {Threei} simply because volatility will be beyond risk tolerance
[08:36] {magoo} btw, whats gun for?
[08:37] {magoo} suice or self defense at worlds end?
[08:37] {magoo} suicide\
[08:37] {Nemo} self-defense
[08:37] {Threei} latter
[08:39] {magoo} i do not think anyone will want to hold over weekend thinking a black monday is set up here
[08:39] {magoo} odds in favor of closing at lows
[08:40] {magoo} so at 2pm..look to see selloff
[08:40] {Nemo} Not to step out on a limb, but the odds are probably 1:1 on that
[08:40] {magoo} explain please
[08:41] {Nemo} I'm agreeing with your view. 1:1 is even money odds
[08:43] {magoo} well, i not giving it even odds
[08:43] {Nemo} As a matter of fact I was just about to say that magoo
[08:43] {magoo} i say{and i do not know jacksh@t}, BUT, who in right mind would buy long into last hour?
[08:44] {Nemo} Who buys long period these days?
[08:45] {Threei} someone does
[08:46] {Nemo} Yeah, and you take their money :)
[08:46] {Threei} I mean... all these mutual and hedge funds liquidations,
[08:46] {Nemo} Wow, GDX and GLD both bid down
[08:46] {Threei} these insane amounts of shares do go in someone hands, right?
[08:47] {Nemo} Oh, I agree, just crazy. Although, as we see today, nobody is buying.
[08:47] {Threei} that's not exactly right
[08:47] {Threei} maybe nobody is buying actively
[08:47] {Threei} meaning bidding up and taking offers
[08:48] {Nemo} Well, would supply be well in excess of demand so far today?
[08:48] {Threei} but when bids are geting hit, someone did sit on those bids and absorbed selling, right?
[08:48] {Threei} and when supply side is so eager,
[08:48] {_Bruce} morning all
[08:48] {Threei} bidders are ever so willing to drop bids and get better prices
[08:48] {Threei} bruce :)
[08:48] {_Bruce} vadster
[08:49] {Threei} I mean, you are car hunting,
[08:49] {Threei} you see big inventory
[08:49] {Threei} and dealer eager to sell
[08:49] {Threei} pressing you to buy NOW
[08:49] {Threei} offering discounts
[08:49] {Threei} you will try to lowball your bid, right?
[08:50] {Nemo} Absolutely. Do you think volume will be the story today?
[08:51] {Threei} both volume and price
[08:53] {dino} gm all, seems i was a day early on end of days
[08:53] {dino} black friday in the making perhaps
[08:53] {Threei} dino :)
[08:53] {Threei} no, you were right, it's just that world end is a process
[08:54] {Threei} unfolds over certain period of time
[08:54] {lisa_jay} Good morning.
[08:54] {Threei} lisa :)
[08:55] {Threei} gold under 700?
[08:55] {Threei} jeez
[08:58] {_Bruce} dino
[09:00] {dino} :)
[09:01] {dino} chaos today, big swings both ways. end of day, who knows, gut says down -200ish. all just opinion, which are like asses, everybody has one
[09:01] {Threei} I agree with every word except my gut says nothing about closing number
[09:02] {Threei} on days like thgis anything is possible
[09:02] {Threei} literally
[09:02] {lisa_jay} How about we close up...
[09:02] {Nemo} And I have to leave early today
[09:03] {dino} ok lisa, about as good as my guess
[09:03] {dino} ahhh, nemo, we are like hotel california, you can check in, but never leave
[09:04] {Nemo} I remember when that came out
[09:04] {lisa_jay} My kid begs us not to play "when your hungry love with keep us alive"
[09:04] {lisa_jay} sorry love will keep us alive.
[09:04] {Nemo} Better than "Love will keep us together"
[09:05] {lisa_jay} :-)
[09:05] {Nemo} They got divorced
[09:07] {dino} lol
[09:11] {Geo} gm all
[09:11] {Geo} interesting overnight i see
[09:11] {Threei} Geo :)
[09:12] {Threei} be back in 5, and shape up the plan
[09:15] {dino} remember rule #1 today
[09:16] {Geo} ?
[09:16] {dino} you must stay in the game
[09:16] {Geo} ah
[09:19] {dptl} good morning all
[09:19] {dino} rule #2; good trading is not about being right, it's about trading right
[09:20] {Threei} back
[09:20] {Threei} I see dino already formulated my plan :)
[09:21] {Threei} things wikll be very erratic, especially at the open
[09:21] {hawkfan4} gm all
[09:21] {Geo} ES limit down trading stopped?
[09:21] {Threei} hawk :)
[09:21] {Threei} all futs geo
[09:22] {Threei} capital preservation is main purpose,
[09:22] {Geo} ah
[09:22] {Geo} am i grad i didnt take that long overnight heheh
[09:22] {Onix} Good morning
[09:22] {Threei} it's much better to sit this kind of panic out than lose big,
[09:22] {Threei} onix :)
[09:22] {dptl} .
[09:22] {Threei} . to you too dp
[09:23] {dptl} :)
[09:23] {Threei} also, keep in mind that many trading platforms may be bogged down in this kind of trading
[09:23] {Nemo} Yeah, it's kinda' like being at the intersection of a really bad car accident
[09:23] {Threei} so you may get caught in frozen platform even when you are right on your entry
[09:24] {lisa_jay} Bloomberg guy says we will open limit down even double limit down...1 buyer and about 11000 sellers - of course i don't listen to news (J. Carter floor trader)
[09:24] {Threei} let's let the 10-15 minutes go,
[09:24] {Threei} see what's happening,
[09:24] {Threei} verify quotes accuracy,
[09:24] {Geo} j carter ?
[09:24] {Threei} when first trades start emerging, keep size down,
[09:24] {dino} lol, guy on cnbc saying perfect time to buy
[09:24] {Threei} be nimble today,
[09:24] {Geo} if thats the guy with book he no a floor trader
[09:24] {lisa_jay} told you i don't pay attention to details on news.
[09:25] {Threei} book profits quickly, especially at first,
[09:25] {Threei} keep stops as if your very life depended on it.
[09:25] {Threei} ANYTHING can happen today
[09:25] {patience} like a shutdown of the markets by the fedf?
[09:26] {dino} he's not a floor trader
[09:26] {patience} good point dino
[09:27] {lisa_jay} Jeff carter
[09:28] {peterg} morning all; veryyy;yrt interesting mkts today
[09:28] {Geo} ok
[09:28] {Threei} peter :)
[09:28] {Threei} oh, and one last comment before we open:
[09:28] {magoo} OY
[09:28] {Threei} today is immense learning opportunity
[09:28] {patience} have your paper bag ready?
[09:29] {Threei} whether yo dive into trading or not, do observe to see how this kind of extremes influence p;eople and their trades
[09:29] {lisa_jay} Vad, since i only trade 100 shares i should probably sit this out.
[09:30] {Threei} oh btw, about SLW,
[09:30] {Threei} I sold half lot at 3.24 earlier,
[09:30] {Threei} still have half
[09:30] {ese} morning...wow....futures limit down.
[09:30] {Threei} will see what happens whehn the dust settles
[09:30] {dino} head fake
[09:31] {Threei} ese :)
[09:31] {ese} I haven't seen this before
[09:31] {Nemo} kids,
[09:31] {Nemo} I suppose that deserves a trout slap. go ahead, hit me.
06[09:32] * magoo slaps Nemo around a bit with a large trout
[09:32] {Threei} and you thought you would have to ask twice?
[09:32] {Nemo} Nope. I know when I stick my chin out, I'm gonna' take a shot.
[09:33] {Threei} QQQQ, watch for pullback into 28.20 for possible long entry
[09:34] {Threei} if drops there, pauses and shows reversel, get half lot, keep stop under 28
[09:34] {dino} 8243 yesterday lod
[09:35] {dino} broken
[09:37] {Threei} VIX VOLATILITY INDEX HIT NEW ALL TIME HIGH AT 89.53
[09:38] {Threei} Qs got away for now
[09:39] {Threei} quotes seem to be fine
[09:39] {magoo} actually..no real panic it sdeems
[09:39] {Threei} look at UAUA to see what kind of volatility we had on first minutes
[09:40] {Threei} imagine yourself caught on a wrong side
[09:40] {magoo} been there
[09:40] {magoo} sigh
[09:40] {Threei} 11 to 13 and back to 10.5
[09:40] {Threei} all in 4 bars
[09:40] {ese} been there also mags
[09:40] {magoo} been there too..4 bars lol
[09:40] {Threei} rofl
[09:41] {ese} vad what indicator are you looking for that show that selling is tapering off?
[09:41] {Threei} just chart
[09:42] {ese} ar you looking at any sort of index indicator
[09:42] {Threei} not sure what you mean
[09:42] {ese} well the VIX would be one...any others?
[09:43] {Threei} no
[09:43] {dino} sm l ddm .90, stop .47
[09:43] {ese} whans is the last time you saw futures limit down?
[09:43] {magoo} last week
[09:43] {Threei} can't even remember
[09:43] {Threei} before this whole debacle I mean... years ago
[09:44] {ese} ...this pretty historic for our generation...
[09:46] {Nemo} Maybe 2001, but they didn't put the breakers in until after 1987. I was in grad school then. It was all we talked about
[09:47] {Threei} PREVIEW: SEPT EXISTING HOME SALES DUE OUT AT 10AMET
[09:47] {Threei} **consensus expectation: 4.95Me v 4.91M prior
[09:47] {magoo} terrific
[09:47] {Threei} SLW is back within our initial stop
[09:47] {Threei} if uncomfortable, dump it here
[09:47] {Geo} NCC being acquired ad?
[09:47] {Geo} vad
[09:48] {Threei} I'll try to hold that half lot a bit more
[09:48] {ese} what were you studying Neno?
[09:48] {ese} Nemo...
[09:48] {Nemo} MBA
[09:48] {Threei} NCC, yes, for 2.23
[09:48] {ese} ahhhhh.
[09:49] {ese} stick with Vads MBA.......it works
[09:49] {Nemo} BS (Bull manure) MS (more of same) PhD (piled high and deep) MBA just a variation on a theme
[09:49] {dino} out ddm .38, +.48
[09:49] {Threei} dino :)
[09:50] {dino} lucky
[09:50] {dino} coin flup
[09:50] {Threei} SLW is back to breakeven
[09:50] {magoo} is that similar to a coin flip?
[09:50] {ese} agreed....took some business courses here at U Vic......
[09:51] {Threei} UAUA, what a crazy move
[09:51] {ese} wanted to learn about the market....kind of teach you to be car salesman of security products
[09:51] {magoo} i should not post this
[09:51] {magoo} feels like green coming
[09:51] {Threei} amazingly enough yes
[09:51] {ese} I think your right mags
[09:52] {lisa_jay} airlines showing strength.
[09:52] {lisa_jay} sorry did not see earlier post.
[09:52] {Threei} numbers in 8 min
[09:53] {Threei} OK, some pullbacks finally appear
[09:53] {magoo} ideally...drop to low ..then base and rock up
[09:53] {magoo} need a pullbk
[09:53] {Threei} yeah, buying breaks so far feels like the craziest thing to do
[09:53] {Threei} thus it works, lol
[09:56] {Nemo} uyg continues to climb
[09:56] {Threei} everything does
[09:57] {Threei} lulls traders into complacency
[09:57] {Threei} and will drop hard just when everyonwe decides it's up only for the day
[09:57] {Nemo} ahhh and you accuse me of pessimism :)
[09:58] {lisa_jay} Parabolic rise....
[09:59] {ese} nice climb back for NVDA into green....
[09:59] {Nemo} note from bill cara on futures as a market indicator: I think holding on at this point is the wisest move. Futures markets are only reflecting the sell orders streaming into equity and commodity markets, which have stopped working as value discovery mechanisms.
[09:59] {Nemo} Somebody sent me an article by Jon Markman titled "Bundled up for a deep credit freeze" and asked me for my take. I found it interesting, but it's backward looking. I replied,
[09:59] {Nemo} "Markman saying 'The onslaught has begun' is a problem I have with t
[09:59] {Nemo} I have with this article. It's already late in the game and he has succumbed to an emotional crisis. My analysis is showing that on rallies, the retail accounts are selling and the institutional accounts are waiting for the sell-off, then buying. It's only a mater of time before traders see that the market is no longer functioning as a value discovery mechanism, and the selling stops." The buying will follow.
[10:00] {Threei} SEPT EXISTING HOME SALES: 5.18M V 4.95ME
[10:00] {Threei} wow
[10:00] {Threei} good numbers for a change
[10:00] {Nemo} After california data last week, not a surprise
[10:02] {Threei} ok market, time for pullback
[10:02] {ese} what was the california data Nem?
[10:02] {magoo} really need it
[10:02] {magoo} 90% of porno movies made in calif
[10:02] {magoo} data
[10:03] {ese} those are great stats!!!! mags
[10:03] {Nemo} don't remember exact numbers, but the transactions were up some ridiculous %
[10:03] {Threei} what do we buy on that?
[10:03] {Geo} 90% of em made within my 10 mile radius
[10:03] {Threei} uh oh... Geo is a center of action
[10:03] {Nemo} san fernando valley
[10:03] {magoo} see.mkt wont pullbk so as few on board as possible
06[10:04] * Geo is right there
[10:04] {dino} isn't hje always
[10:04] {dino} he
[10:04] {Threei} seems starting mags
[10:04] {Geo} hey SF valley is a clean wholesome place
[10:04] {Threei} QQQQ. want to see it near 29 at least to start contemplating entry
[10:05] {Threei} and UAUA near 12.50
[10:05] {magoo} half lot
[10:05] {dino} uyg sm l .00, stop .57
[10:05] {Threei} everything half lot, and don't jump in until you see pause and signs of strength returning
[10:05] {Threei} moves in both directions are likely to be exaggerated
[10:06] {Threei} much biger than one would normally expect
[10:06] {Threei} and in any case, rule for the day is better to miss the play than to get caught in sharp countermove
[10:06] {dino} pulp market
[10:07] {Threei} heroic inclinations of "I have to be in action" kind is exactly the stuff wiped out traders are made of
[10:07] {Threei} we are getting there, Qs
[10:08] {Threei} want one more leg down
[10:08] {Nemo} Vad "inaction" is also to be "in action" :)
[10:09] {Threei} philosphically speaking yes :)
[10:09] {Nemo} cogito ergo sum
[10:09] {Threei} did you see on Qs just now?
[10:09] {Threei} teleportation from .30 to .12
[10:09] {Threei} exactly what I mean by the move that traps you
[10:10] {Threei} need one more dump
[10:10] {Threei} not buying here
[10:10] {magoo} AAPL is the tell guys/gals
[10:10] {Nemo} I understood. thanks, vad. DUG building strength
[10:10] {Threei} come on Qs, dive under 29
[10:11] {Threei} shake out those who decided it's up only
[10:11] {Threei} then we will buy
[10:11] {dino} ice sm risky l .40
[10:12] {Threei} here we go
[10:12] {Threei} UAUA is getting there too
[10:12] {Threei} still don't see sharp red bar
[10:12] {Threei} on either
[10:13] {Threei} OK, first try Qs if not losing .90 anymore
[10:13] {Threei} 28.05 trigger
[10:13] {Threei} half lot!
[10:14] {dino} ice stopped -.41
[10:14] {Threei} 29.05 sorry
[10:14] {dino} rinsed
[10:15] {Threei} Q 1 cent shy of 1:1 on a spike
[10:15] {Threei} OK, geting there
[10:15] {Threei} 1:1 Qs, half out, scalpers be happy
[10:15] {dino} ice off of .25 fast
[10:16] {Threei} stop to .99
[10:16] {Threei} for the balance
[10:16] {Threei} UAUA is right near 12.50 support
[10:16] {Threei} this one is even more volatile
[10:16] {Threei} not sure it's worth the risk here
[10:17] {Threei} if you like it, be ready for a stop under .50 and poissible multile entries
[10:17] {Threei} if went for it, try to offer around .90
[10:18] {Threei} there
[10:18] {Threei} take profit and don't get stuick in it
[10:18] {Threei} playing it as safe as possible today
[10:19] {magoo} take profit...go change diaper..get cup-o-joe
[10:19] {Threei} eqzaktly
[10:19] {Nemo} use vaseline
[10:19] {dino} gun to the head...up or down
[10:19] {magoo} do NOT make me slap u again nemo lol
[10:19] {dino} up imo
[10:19] {Threei} Qs, stop for the balance is still right under 29,
[10:20] {magoo} down retest low...upo to moon
[10:20] {Threei} try to offer it between .40 and .50
[10:20] {Nemo} magoo, you'll knock my scales off
[10:20] {dino} alright jackie gleason
[10:24] {Threei} everyone's OK on Qs?
[10:24] {Geo} stopped second
[10:24] {Threei} yup
[10:24] {Threei} scapers win
[10:24] {hawkfan4} yep, took scalp thx
[10:24] {Geo} i took 2/3 on 1:1 as wasnt sure
[10:25] {Threei} can't blame you
[10:26] {Geo} wanted to keep a little to learn to hold
[10:26] {Threei} instead learned how to take a tightened stop on partial
[10:26] {Threei} lesson too :)
[10:26] {Geo} good one
[10:26] {Threei} this is just a paret of trade management
[10:26] {Geo} yup
[10:27] {Threei} routine procedure as stock moves in your favor
[10:27] {lisa_jay} Looks like going to test lows.
[10:27] {Threei} 1;1, sell part (unless scalp intended),
[10:27] {Threei} trail stop to undeer breakeven
[10:27] {Geo} 17 cents TY vad
[10:27] {Threei} 1:2, sell 1/4 more, trail stop to under 1:1
[10:27] {Threei} then either take full out on the next spike
[10:28] {Threei} or stop taking profits and simply trail your stop under each next taken resistance
[10:28] {Threei} letting stock stop you out when it reverses
[10:28] {_Bruce} klac short on 18 break
[10:29] {Threei} if stays below .15 - .20 zone, bruce?
[10:29] {Geo} chrsler cutting 25% of white collars
[10:29] {_Bruce} agreed vad
[10:30] {lisa_jay} Thanks Vad, now i don't have to read the book.
[10:30] {Geo} lol
[10:30] {magoo} vad..may i add
[10:31] {magoo} i truly believe u must layout offers at exit points...be first out
[10:31] {Threei} of course lisa... I didn't :)
[10:31] {Threei} especially on volatile stocks, yes, mags
[10:31] {magoo} i just laid goog out 339.21
[10:31] {Threei} but be ready to hit the bid if stock comes into your selling point and stalls
[10:31] {Nemo} don't forget baidu
[10:31] {magoo} neversaw it but got fill and it fell 2 points
[10:32] {Threei} nothing's worse as missing your sale by couple cents pnly to see stock reversing and your profit evaporating
[10:32] {Geo} yes there is
[10:32] {Geo} ho about going neg and me hoping and praying
[10:32] {Geo} used to do that a lot
[10:33] {Geo} now hard stops like dino saves me the angst
[10:34] {Threei} first emotions calmed down
[10:34] {magoo} he still dishes out alot ALOT of angdst
[10:34] {Threei} market narrowed a bit
[10:34] {dino} out ice .45, +1.20
06[10:34] * Geo slaps magoo around a bit with a large trout
[10:35] {Threei} dino the money machine
[10:35] {Geo} me dishes out a trout
[10:35] {Threei} wtg'
[10:35] {Geo} ncie dino
[10:35] {dino} ty
[10:35] {magoo} wtg on trout?
[10:35] {dino} went another .80
[10:35] {Geo} ice has become dino's atm
[10:35] {Threei} my working assumption here is beginning of a slow climb
[10:35] {dino} its the vodka theory
[10:36] {dino} use ice w/vodka and it taste better
[10:36] {magoo} well alrighty then.....im in thaty theorty
[10:36] {Threei} NQ holding above 1180 and breaking 1190 would be a first confirmation
[10:36] {Threei} in Q terms, holding above 29 and breaking 29.30
[10:37] {Threei} pullback entries are still better than breaks
[10:37] {Threei} so, the way to play it safe would be:
[10:37] {Threei} get Qs as close to 29 as possible,
[10:37] {Threei} keep tight stop,
[10:37] {Threei} aim to sell half closer to 29.30
[10:37] {Threei} hold the balance for break and climb
[10:37] {Threei} may take a few tries
[10:38] {Threei} so don't do it unless you are willing to take a few tight stops in the process
[10:39] {_Bruce} s klac 18.13 w 9c stop
[10:40] {Threei} in .07
[10:40] {Threei} stop about 28.95
[10:41] {dino} mkl holding
[10:41] {_Bruce} stopped klac
06[10:42] * Threei kicks the market in the rear with heavy duty steel-toed army boots
[10:42] {Threei} oops... that wasn't rear?
[10:44] {Threei} 1:1 here for scalpers
[10:44] {Threei} keeping my plan though
[10:44] {Threei} offering half .27
[10:45] {Threei} hit
[10:45] {Threei} let's break that .30 now, shall we?
[10:46] {Threei} anyone joined the play?
[10:46] {Geo} me
[10:46] {hawkfan4} i'm in too
[10:46] {Geo} half out at .2 got 15 cents
[10:46] {Threei} okay
[10:46] {Threei} let's see if second part pans out
[10:46] {lisa_jay} Sorry, i am just with popcorn today.
[10:47] {Threei} chicken wings?
[10:47] {Threei} anyone of guests went for it?
[10:47] {Threei} laid out plan well in advance
[10:48] {Threei} come on guys, maake your stay with us worthwhile
[10:48] {Chaeron} Good morning all
[10:48] {Threei} chaeron :)
[10:49] {magoo} chaerbroil:)
[10:49] {Geo} hey chaeron
[10:49] {dino} slap them all 3i, slap them all
[10:49] {Threei} hmmm
[10:49] {Geo} the Q is
[10:49] {Chaeron} hey mags, Geo
[10:49] {Geo} are they even here?
[10:50] {Threei} my idea of hospitality must be outdated, lol
[10:50] {Threei} grow a set market, will ya?
[10:50] {Threei} time to break
[10:50] {Nemo} Vad: Q climbing a bit, but volume dropping...not good? Seems other stocks doing same.
[10:51] {Threei} broke
[10:51] {_coyote} In 29.25 Q's
[10:51] {Threei} you know, volume at this point is not very indicative for a simple reason:
[10:51] {Threei} opening was panicky one
[10:51] {Threei} adding a lot of unusual volume
[10:51] {Nemo} thanks
[10:52] {Threei} so hard to find the base for comparison
[10:52] {Threei} ok guys, make up your mind here
[10:52] {Threei} full out or 1/4
[10:52] {_coyote} out 29.38 in full small lot. Thank you sir.
[10:52] {Geo} all out at 40
[10:52] {Geo} 35 cents TY
[10:52] {Threei} good job coyote
[10:53] {Threei} for 12 cents initial stop we have solid 35 or so gain
[10:53] {Threei} 1:3
[10:53] {Threei} my original idea of this trade was slow steady climb
[10:53] {Threei} and so far it's getting confirmed
[10:53] {Threei} so, to me, it's 1/4 out
[10:53] {Threei} and trailing last portion
[10:54] {Threei} letting masrket stop me out on reversal
[10:54] {Geo} you trail manuall right?
[10:54] {Threei} who tells me where to put a stop for it now?
[10:54] {Threei} yes
[10:54] {Geo} 1:1?
[10:54] {lisa_jay} Under 20
[10:54] {Threei} lisa gets the prize
[10:55] {Threei} that's where last pullback bottomed out
[10:55] {Threei} new suppoort level
[10:55] {Threei} if gets broken, uptrend is violated
[10:55] {dino} ot: coyote, you're not joe by any chance?
[10:55] {Threei} 10:50 10:51 bars formed that support on 1 min
[10:56] {Chaeron} lol
[10:56] {Geo} sigh
[10:56] {Geo} vad wins
[10:56] {_coyote} no coyote bob
[10:56] {magoo} c'mon mkt go go goooooooooooo
[10:56] {dino} ok, buddy of mine goes by that name
[10:57] {hawkfan4} i was thinking Wiley
[10:57] {_coyote} would be a friend of mine also dino
[10:57] {Geo} i was thinking ugly
[10:57] {hawkfan4} lol
[10:57] {_coyote} that too geo
[10:58] {Nemo} That's Wile E.
[10:58] {Geo} nice memories of vegas ummmmmm
[10:58] {hawkfan4} ah, thx Nemo :)
[10:58] {_coyote} indian slots for me
[10:59] {Nemo} Yeah, he was like Clouseau's boss to the roadrunner
[10:59] {dino} indeed he would, crazy one
[11:00] {_coyote} coyote joe's can be dino
[11:00] {lisa_jay} Vad, would you move stops to under 28 now?
[11:00] {Threei} track the logic further as we progress: latest pullback bottomed out at .30 -.32
[11:00] {Threei} so new breakout, and yes, stop is trailed under that level
[11:00] {Threei} .50 taken, stop is trailed
[11:01] {Threei} at any of these breaks, you face a decision, to take profit or continue trailing
[11:01] {Geo} classic vad
[11:01] {Threei} pretty much personal preference,
[11:01] {lisa_jay} If it was a breakout pull back trade, would you have bought at .31?
[11:01] {Threei} I'd say good compromise is this:
[11:01] {magoo} gonna get slapped...but feels green
[11:01] {Threei} continue trailing if it takes resistance and climbs slowly again,
[11:02] {Threei} and take it if breakout leades to insanely sharp spike
[11:02] {Threei} yes lisa
[11:02] {Threei} not going to get slapped magoo
[11:03] {Threei} not that you don't deserve it... just that you enjoy it and I decided to withold it
[11:03] {dino} fcx sm l .80, clf sm l .30
[11:06] {Threei} need break of .60 now to trail stop further
[11:06] {Threei} last pullback bottomed at just under .40
[11:07] {Threei} so that's where stop is going to be moved to if/when .60 is broken
[11:08] {Threei} one more way to trail it: if Qs go over .50 from here, .40 can be considered mini - double bottom
[11:08] {Threei} and stop can be moved without waiting for .60 to be broken
[11:08] {Threei} for now it's still under .30
[11:09] {Threei} any questions guys?
[11:09] {Nemo} sfsg
[11:09] {Threei} this trade is so textbook, make sure you understand all the elements of it
[11:09] {Geo} classic
[11:10] {Nemo} like a fine wine
[11:10] {Threei} my scanner appears to be broken today again... don't see any new 52 week high alerts
[11:12] {Nemo} yeah, just ran that filter "returns no requests" lol
[11:12] {Threei} :)
[11:12] {Threei} been this way for three weeks already
[11:12] {Threei} why don't programmers fix it.. I already complained
[11:12] {Nemo} just ra 52 week lows-crashed my computer
[11:12] {Threei} OK Qs
[11:13] {Threei} holding or stopping me out?
[11:13] {Threei} stopping
[11:13] {Threei} out last part
[11:13] {hawkfan4} nice trade vad
[11:13] {Threei} .27, , .42 and .28
[11:14] {Threei} ty
[11:14] {dino} gj
[11:15] {_Bruce} s msft 22.19 10 c stop
[11:15] {Threei} things lost clarity here a bit
[11:16] {Threei} gotta wait out until something shapes up again
[11:17] {Threei} I find it hard to believe emotions won;'t flare up again sometime today
[11:17] {Threei} they simply must
[11:17] {Threei} IMF: LIQUIDITY ACTION PLANS ARE ORIGINATING FROM SOME LATIN AMERICAN DIRECTORS ON THE BOARD
[11:17] {Threei} - plan still under discussion, yet to be finalized
06[11:17] * _Bruce slaps magoo around a bit with a large trout
[11:17] {Nemo} Friday towards end of day should be a fire drill. Then again, that means it won't. Was I vacillating enough on tht
[11:18] {_Bruce} sorry mags - emotional outburst there
[11:18] {Threei} we had similar situation two weeks ago I think nemo
[11:18] {Threei} or three
[11:18] {magoo} :)
[11:18] {Threei} whole week it was hard selling closer to eodn,
[11:18] {Nemo} you mean every friday
[11:18] {Threei} eod
[11:18] {Nemo} or is that DOA?
[11:18] {Threei} then on Fri I said won't happen today,
[11:18] {Threei} became too easy for shorts,
[11:19] {Threei} and the notion that no one wants to be long into weekend was too obvious
[11:19] {Threei} what do you know
[11:19] {Nemo} UYG gently rolling over
[11:19] {Threei} rally into end of day
06[11:19] * dino slaps _Bruce around a bit with a large trout
[11:19] {Threei} killing those who decided they figured it out once and for all
[11:19] {dino} burn 'em all ike
[11:20] {Threei} that's how market operates... lulling you into compacency, then reversing course of action when you least expect it
[11:20] {_Bruce} ouch
[11:20] {dino} out clf .70, +.40
[11:20] {_Bruce} feeding trout to vads cat
[11:20] {Threei} spike out of nowhere
[11:21] {Nemo} my piscine sensitivities, please!!!
[11:21] {magoo} was one other factor vad
[11:21] {Threei} don't see any news for it
[11:21] {Threei} remind me mags
[11:21] {Nemo} uyg just bolted
[11:21] {magoo} that was when they were trying to get that bill passed over weekend
[11:21] {dino} out fcx .65, +.85
[11:21] {_coyote} in 29.61 Q's
[11:21] {dino} are we having fun yet?
[11:21] {Threei} no, that was after bill passed
[11:22] {Threei} OK, how's tht for a meanigful headline:
[11:22] {Threei} (US) TREASURY AIDE SAYS TREASURY SEC PAULSON IS CONTINUING TO WATCH MARKETS
[11:22] {dino} hawk you catch any of those?
[11:22] {dino} over daily
[11:23] {Threei} too bad this spike didn't occur while were still in QQQQ
[11:23] {_coyote} out in full small lot 29.74, 1:1 scalp. Thank you sir.
[11:23] {hawkfan4} not yours dino, but having a good one
[11:23] {Threei} I would be dumping into such sharp one
[11:23] {dino} you shall get another try, patience 3i
[11:23] {Geo} lol
[11:23] {Threei} good job coyote
[11:23] {dino} glad to hear hawk
[11:24] {Threei} not my kmind of entry
[11:24] {_coyote} Thank you sir!
[11:24] {Threei} but worked out nicely
[11:24] {Threei} the reason I personally skip this kind of entries:
[11:24] {Threei} ewhile .61 was formally a breakout level,
[11:25] {Threei} Qs spiked vertically into this resistance
[11:25] {magoo} just want to say to guests...histioric mkt last 2 days...how many trading rooms make u SAFE $$ in that environment?
[11:25] {magoo} SAFE key
[11:25] {magoo} i 3 times my daily here
[11:25] {Threei} I prefer to take breakouts after consolidation, not on a spike
[11:25] {dino} you trading safe?
[11:25] {Threei} wow mags
[11:25] {Threei} 3 x daily today?
[11:26] {Geo} wow dino
[11:26] {magoo} yes
[11:26] {Geo} you killing google bidu?
[11:26] {Threei} fantastic job, congrats
[11:26] {magoo} yes
[11:26] {Geo} me at 1x here
[11:26] {magoo} in right now
[11:26] {_coyote} Thank you for pointing that out threei
[11:26] {Threei} just be careful not to squander it
[11:26] {magoo} but i cant post could kill a guest
[11:26] {Threei} put a trailing stop on account
[11:26] {Nemo} rimm taking off
[11:26] {magoo} in bidu 91
[11:27] {Geo} makes sense dino
[11:27] {Geo} oops magoo
[11:27] {Threei} any money made on this kind of days should be framed and put on a wall
[11:27] {Geo} a lo of em too fast to post
[11:27] {magoo} ok out here .96.31
[11:27] {magoo} to many points to figure out
[11:28] {Threei} lol
[11:28] {dino} amzn spike
[11:28] {Geo} hey dino there is an article with a scan on it too....... similar to yours
[11:28] {Geo} http://marketmovers.blogspot.com/2008/10/strategy-session-over-extended-up-move.html
06[11:28] * Threei mails magoo a calculator
[11:28] {magoo} uh..carry the 2..minus the um...6points?
[11:28] {magoo} nope.....5.67?
[11:28] {magoo} nope
06[11:28] * Geo faints
[11:28] {magoo} ...ah 5.32
[11:28] {Geo} thats ok
[11:28] {Geo} 6 was impressive
06[11:28] * Threei mails magoo an abacus
[11:29] {Threei} or is it abakus?
[11:29] {Geo} abackas
[11:29] {dino} framed on wall, no way 3i, goes to bar tab
[11:29] {Nemo} abacus
[11:29] {Geo} i got it
[11:29] {Threei} ok dino... then how about scanning it and framing the print?
[11:29] {Geo} abacchus
[11:29] {magoo} if IF i make call...it will be 100-200 shartes max...and wiggle room of 200 bux stop OK?
[11:30] {Geo} scarrrryyyy
[11:30] {magoo} can make points or get killed if u blow stop
[11:30] {Geo} wo NQ
[11:30] {Threei} yeah, you guys who don't know magoo, be careful with his picks, his personal risk tolerance is not really humane
[11:30] {magoo} indeed
[11:30] {Geo} indeed
[11:31] {magoo} vad told me no pics in room for open house or else
[11:31] {magoo} probation {again..sigh}
[11:31] {Threei} lol... not really true, just asked for disclaimer :)
[11:31] {lisa_jay} How long you been trading Magoo?
[11:31] {Threei} kind of: OK guys, I am insane, keep that in mind when follow me
[11:32] {magoo} dec.1999
[11:32] {magoo} so um..carry the 3..12 years
[11:32] {Geo} sheesh
[11:32] {lisa_jay} With Vad?
[11:32] {Geo} not even 1 here
[11:33] {magoo} uh..8 yrs..wait.....9 yrs dino?
06[11:33] * Threei sends magoo calculator, abacus AND sliding ruler
[11:33] {Geo} no wonder youre killing
[11:33] {lisa_jay} You are holding your own too Geo.
[11:33] {Nemo} might as well toss in a sundial
[11:33] {magoo} started with ding dong
[11:33] {Geo} nope
[11:33] {Geo} i am holding vad's apron
[11:33] {magoo} dino that is
[11:33] {dino} fast drop
[11:34] {dino} fast drop
[11:34] {dino} opps
[11:34] {magoo} how long we been with vad dino??
[11:34] {Nemo} this is turning into a "normal" day. sheesh
[11:35] {Threei} watch AMZN for long on pullback if drops into 50
[11:35] {dino} vad 3 years?
[11:35] {magoo} vad how long i been with ya??
[11:35] {Threei} hmmm... goltta look
[11:35] {Threei} gimme a few
[11:35] {magoo} few what? brews lol
[11:35] {Nemo} Vad just figure out how log you've had that rash
[11:36] {dino} lol
[11:36] {Threei} rofl
[11:36] {magoo} that does it !!!!!!!!!
06[11:36] * magoo slaps Nemo around a bit with a large trout
[11:36] {Threei} from 08/12/2005
[11:36] {magoo} thats 2 nemo
[11:36] {Threei} wow, you are recent arrival
[11:36] {Chaeron} I'm afraid to ask how long Threei....
[11:36] {Threei} we have original members still
[11:37] {Threei} chaeron is one
[11:37] {Threei} since inception
[11:37] {Chaeron} and before that even
[11:37] {Threei} cosmo is another
[11:37] {Threei} on a break today
[11:37] {magoo} i was a lil reckless when i met vad
[11:37] {Nemo} We need adult supervision
[11:37] {Chaeron} yeah.... and now you're just safe and sane, huh?
[11:38] {Geo} i was wondering if chaeron took the prize
[11:38] {Chaeron} in many catagories Geo
[11:38] {Geo} of course :)
[11:38] {Chaeron} mostly for PIA
[11:39] {Geo} pia?
[11:39] {Chaeron} PITA sorry
[11:39] {Chaeron} Pain In The...
[11:39] {Geo} its a calling my friend
[11:39] {Chaeron} Raven's been here for eons
[11:40] {magoo} laserdave must be original
[11:40] {Geo} nah
[11:40] {Threei} no
[11:40] {Geo} he probably was in high schol when vad started
[11:40] {Geo} middle
[11:40] {Threei} laser is from 2004 I think
[11:40] {Geo} no disrespect of course
[11:41] {_Bruce} ffiv trying to break long
[11:41] {Threei} can't believe I run this thing for 8 years already
[11:41] {Chaeron} saw a story about 5 years ago about a 16yo kid that made 6figures before going to school every day... his parents were so proud
[11:42] {Geo} hmmm
[11:42] {Nemo} sellin' in the parking lot before class
[11:42] {Geo} same could who got indited for touting penny stocks?
[11:42] {Chaeron} that was annually, but traded daily...
[11:43] {Chaeron} nooo... he traded from 6:30am til about 8am and then went to school... Northern CA
[11:43] {Chaeron} wish I could get my 7 yo to trade my account... he'd do better than me
[11:44] {Chaeron} then again, Vad's cat does that now
[11:44] {Geo} hehe
[11:45] {Geo} chaer
[11:45] {Geo} dcc
[11:45] {Nemo} oh is that vad's cat. I thought vad had the sense of humor :)
[11:46] {Threei} I do
[11:46] {Threei} it's just not funny
[11:47] {Chaeron} yeah... and your jokes are, huh? :)
[11:47] {Threei} resoundingly not
[11:47] {Threei} but hey... I laugh at them
[11:47] {Geo} wow vad
[11:47] {Chaeron} as bad as your singing
[11:47] {Threei} and that's all I care about
[11:47] {Geo} right on the slow grind up
[11:48] {Threei} should end soon enough though geo
[11:48] {Chaeron} DRYS on 16.87 break?
[11:48] {Chaeron} ok... scratch that one then
[11:48] {Threei} I hate its volatility chaeron
[11:49] {Geo} hey didnt know intelliscan released a mobile version
[11:49] {Threei} can be real killer
[11:49] {Chaeron} yeah... but done well with it... scary tho, you're right
[11:50] {Nemo} gold and silver miners rising
[11:50] {Threei} a lot of volatile stocks out there, but this one has some disgusting quality about it
[11:51] {Threei} SLW into breakeven territory
[11:51] {Threei} dumping second half here makes up for the stop on a first half
[11:51] {Nemo} aem kgc all up over 10%
[11:52] {Nemo} manure companies making a comebac,
[11:52] {Threei} interesting that UAUA i not participating in this party
[11:53] {Threei} anyone's up to try and short it with stop above 13?
[11:53] {dino} dropping
[11:54] {magoo} it has the magoo pattented flatline
06[11:54] * laserdave1 slaps Threei around a bit with a large trout
06[11:54] * Geo slaps laserdave1 around a bit with a large trout
[11:54] {Threei} great... he sneaks in unnoticed again
06[11:54] * laserdave1 slaps Geo around a bit with a large trout
06[11:54] * laserdave1 slaps Chaeron around a bit with a large trout
06[11:54] * magoo slaps laserdave1 around a bit with a large trout
06[11:54] * laserdave1 slaps magoo around a bit with a large trout
[11:54] {Chaeron} morning Dave
[11:54] {laserdave1} good morning
[11:54] {Nemo} The roe is everywhere
[11:54] {laserdave1} more carnage today
[11:54] {magoo} thats quite an entrance bro
[11:54] {Threei} now, who is going to ventilate the room? all this fishy smell...
[11:55] {laserdave1} i just know how to swing the trout...........sorry
[11:55] {_Bruce} magoo vents room w gas
[11:55] {Threei} dave... why isn't UAUA shotable?
[11:56] {Threei} says can't short as per SEC
[11:56] {Threei} must be some error, SEC ban is off
[11:56] {laserdave1} i will try and figure that out
[11:56] {Threei} or just no inventory?
[11:56] {Threei} ty, tel us know pls
[11:56] {hawkfan4} i have it available
[11:56] {laserdave1} is there any other stocks you had that message on?
[11:56] {laserdave1} you can short it hawk?
[11:57] {Threei} tel = let typed by dyslexic
[11:57] {hawkfan4} yep
[11:57] {hawkfan4} wasnt yesterday
[11:57] {laserdave1} hmmm weird ok
[11:57] {laserdave1} i willl check and see whats up with that
[11:57] {Threei} there was one more yesterday with this message
[11:57] {Threei} can't remember symbol
[11:58] {Threei} JPM I think
[11:59] {laserdave1} ok
[12:01] {magoo} fslr vad yesterday
[12:01] {magoo} but ok today
[12:01] {Threei} (US) TREASURY IS CIRCULATING A QUESTIONAIRE ASKING DEALERS WHETHER MORE CAN BE DONE TO CALM MARKETS, INCLUDING AN ALTERED CALENDAR
[12:01] {Threei} huh?
[12:01] {Threei} told you they are going to cancel Monday and October
[12:01] {Threei} and possibly whole fall
[12:01] {dino} michelle carusa-cabrerra looking mighty fine today
[12:02] {Threei} altered calendar?? :)
[12:02] {lisa_jay} CNBC ladies looks dependent on our P&L for the day.
[12:02] {Chaeron} I suggested in the write in area "Mayan Calendar"
[12:02] {dino} hmmm, 4 day week coming
[12:03] {Chaeron} oh heck no... please dino...
[12:04] {lisa_jay} Vad, AMZN getting closer to that 50 level.
[12:04] {magoo} vad..how u think boone pickenms is doing?
[12:04] {Threei} getting killed?
[12:04] {dino} i'm wyou chaer, you want volitility, limit trading days, better if 24/7
[12:04] {Chaeron} exactly
[12:05] {Chaeron} sometimes the opposite of what is evident is what is necessary
[12:05] {Threei} yes lisa... watch NASDAQ though, feeling is it's easy to switch to down here
[12:05] {dino} i.e. the short ban
[12:05] {dino} no horts, no buyers
[12:06] {magoo} i like qid long vad..not in..but stalking that
[12:06] {Threei} yes, and Q short
[12:06] {Threei} stop above 30
[12:07] {Threei} first weakness from here
[12:08] {Threei} another one of those "could take a few tries" plays
[12:08] {magoo} u talking to me
[12:08] {Threei} to Qs
[12:08] {Threei} and whoever is willing to listen to me
[12:08] {Threei} which apparently is not very many {Grin}
[12:09] {peterg} Q or qqqq?
[12:09] {Threei} Qs = QQQQ
[12:11] {_coyote} in Q's small lot
[12:12] {_coyote} stop 29.80
[12:13] {_coyote} out in full 1:1 scalp
[12:13] {_coyote} half
[12:14] {_coyote} out last half 30.04, 2:1 . Thank you Vad.
[12:14] {Threei} ummm
[12:14] {Threei} welcome of course
[12:15] {lisa_jay} :-)
[12:15] {dino} gj wiley e.
[12:15] {Threei} although you played it long while I was thinking short :)
[12:15] {Threei} but hey, you got it right :)
[12:16] {magoo} too funny
[12:16] {magoo} i was thinking sh also
[12:17] {_coyote} no 29.90 1:1 half
[12:17] {_coyote} hey magoo you want to take it outside?
[12:18] {Threei} lol
[12:18] {Geo} hmm
[12:18] {Geo} aggressive guests
06[12:18] * Geo liking it
[12:18] {magoo} sigh
[12:18] {magoo} lol
[12:18] {Geo} see when magoo is over 3x
[12:19] {Geo} he doesnt care anynore
[12:19] {Threei} yeah, making money makes him warm and fuzzy
[12:19] {Geo} nice image vad
[12:20] {magoo} so does all the vodka vad
[12:21] {magoo} its noon here east coaste
[12:21] {dino} something tells me magoo and i are drinking tonight
[12:21] {Threei} and you are still sober??
[12:21] {Threei} running 3 hours behind your schedule I see
[12:24] {_Muddleheaded} Vad, would you consider FLEX a possible JBE candidate?
[12:25] {dino} 3:30 standard schedule 3i. you trying to get me in trouble
[12:25] {Threei} not a perfect one Muddle
[12:25] {Threei} a few things about it
[12:25] {Threei} first, I like JBE to form at the day's high
[12:25] {Threei} not that I ignore others, but day high ones are more effective
[12:26] {Threei} second, in this case, it was .75 break for JBE to trigger,
[12:26] {Threei} but the low of the consolidation range was .68
[12:26] {Threei} and it got broke
[12:26] {Threei} brken
[12:26] {Threei} broken
[12:27] {Threei} there, got it on a third try
[12:27] {Threei} and finally, it's just too narrow
[12:27] {Nemo} put the vodka down before you type, doh!!!
[12:27] {Threei} it breaks .75, next resistance is right there ar .80
[12:27] {_Muddleheaded} O.K. thanks.
[12:27] {Threei} you kidding Nemo? how am I supposed to type then at all?
[12:28] {ese} noticed alot of issues up on very litle volume......selling pressure starting ato abate a little do ya think....????
[12:28] {Nemo} use a hydration pack
[12:28] {ese} for example HITT 197K up 3.00
[12:28] {hawkfan4} GLD running
[12:29] {Geo} vad does open house end today?
[12:29] {dino} re-test in the making imo
[12:29] {Threei} you got tired of keeping your hair combed geo?
[12:29] {Geo} lol
[12:30] {Threei} Qs short had worked on seond try if anyone went for it
[12:30] {Geo} just curious
[12:30] {magoo} my idea
[12:30] {hawkfan4} thank you both :)
[12:30] {magoo} qid long he he
[12:30] {dino} geo doesn't have any hair left
[12:30] {Geo} hey !
[12:31] {Threei} oh I see... you went overboard, put suit and tie on, and now suffocating
[12:31] {magoo} dino just brought in bacon vad, can u smell it
[12:31] {Geo} i have lusticious hair
[12:31] {Geo} just greying after the kids
[12:32] {Geo} i like these new words
[12:33] {ese} lust what???
[12:33] {peterg} lustable
[12:33] {peterg} only formal form
[12:33] {peterg} lusticious
[12:33] {Geo} lutable + luscious
[12:34] {magoo} magoo looking up those words in his pictionary
[12:35] {Threei} hawk, you went for Qs short?
[12:36] {hawkfan4} i did, but with nq
[12:36] {Threei} sure, same thing
[12:37] {Geo} where hawk?
[12:37] {Geo} you use booktrade hawk?
[12:37] {dptl} ssri?
[12:37] {hawkfan4} no
[12:38] {Threei} too extended dp
[12:38] {Threei} it's a silver play
[12:38] {dptl} ok ty
[12:40] {laserdave1} magoo dcc please
[12:41] {dino} oh oh magoo's in trouble
[12:48] {Threei} amazing how action slowed down on what promised to be highly emotionally charged day
[12:52] {_coyote} sold adbe at 23.80 risking 10 cents
[12:53] {_coyote} out 23.70, 1:1 scalp is that funny?
[12:53] {dino} gj
[12:54] {dino} watching ice, mcd
[12:54] {_coyote} Thanks dino!
[12:54] {Nemo} BC made that point of Futures not being indicative because they only indicated incoming sell orders
[12:54] {dino} rig too, if oih turns
[12:56] {Nemo} this gold bounce might not be long lived with the $ up again and oil down
[12:58] {Threei} why funny coyote... valid trade
[12:58] {_coyote} Thank you sir!
[13:01] {magoo} LASER DCC
[13:02] {_coyote} in lvs 6.61 long
[13:03] {magoo} vad, u got anything going?
[13:03] {magoo} was opn phone
[13:03] {Threei} no mags, things narrowed down too much, need something to start happening
[13:03] {_coyote} risking 10 cents sm lot
[13:04] {_coyote} tapped out lvs
[13:05] {Threei} support is 6.50 coyote... I'd kepp stop under it
[13:05] {Threei} until it's not broken, trade is not stopped
[13:05] {Threei} ummm... you'd have to translate that to English... but I guess you got the meaning :)
[13:06] {Threei} now it's stopped
[13:06] {Nemo} it's vadinglish
[13:06] {Threei} also known as pidgin
[13:06] {Nemo} that's actually spelle correctly
[13:06] {Nemo} I did that for you
[13:10] {_coyote} Thank you Threei...here to learn..that is good stuff.
[13:10] {Nemo} PNC buying NCC
[13:11] {Threei} yeah, posted it early in the morning
[13:11] {Nemo} sorry
[13:13] {Threei} anyone took UAUA short mentioned earlier?
[13:13] {_Bruce} amgn at dalily high
[13:13] {Threei} [11:52] {Threei} interesting that UAUA i not participating in this party
[13:13] {Threei} [11:53] {Threei} anyone's up to try and short it with stop above 13?
[13:14] {Geo} nope
[13:14] {Geo} have your pool
[13:14] {Threei} went down over 50 cents
[13:14] {Threei} over 40, sorry
[13:16] {Threei} I wish we got that panic selloff today and be done with it
[13:17] {Geo} looks like down a bit
[13:17] {peterg} and lose the possibility of more pain for longer time?
[13:17] {_Bruce} want to see panic?
[13:17] {Threei} there is no feel of panic to today at all
[13:17] {Threei} lol peter
[13:17] {_Bruce} tell mags abouyt the big wins he missed
[13:17] {Threei} hehe
06[13:18] * magoo slaps _Bruce around a bit with a large trout
[13:18] {_Bruce} zion trying to break long here
[13:18] {Chaeron} me too..missed because of pc probs... and you know I love UAUA Threei
[13:18] {peterg} Magoo;s bellweathers are up, aapl & rimm
[13:19] {dino} up?
[13:19] {Threei} pace picks up
[13:19] {peterg} from open
[13:20] {peterg} yeah lights flash faster, time & sales zoom
[13:20] {_coyote} Vad, short this rally in uaua?
[13:20] {Threei} not clear where
[13:20] {Threei} need some indication other than just 20 cents move
[13:21] {_coyote} 12.60
[13:21] {Threei} why not .70 or .80?
[13:21] {Threei} I mean, it could very well top out here,
[13:21] {Threei} but what is there to indicate that?
[13:21] {_coyote} OK ..thanks.. got your point.
[13:22] {Threei} I am not a fun of arbitrary entries
[13:22] {peterg} or a fan
[13:22] {Threei} or that
[13:22] {peterg} they can be fun
[13:22] {Threei} no structure to setup, no clean indication where to place stop
[13:22] {peterg} but lead to..................
[13:22] {peterg} splat
[13:23] {_coyote} learning..learning thank you
[13:23] {dino} ice sm l wide risky .50
[13:23] {peterg} thats why I joined this club, cz I was going to self-destruct without some structure
[13:23] {_coyote} that is it in a nutshell peterg
[13:23] {peterg} yep!
[13:23] {Threei} now look at its further action:
[13:24] {Threei} it tagged .60 twice,
[13:24] {Threei} effectively for ming mini double top
[13:24] {Threei} little consolidation to define breakdown level
[13:24] {_coyote} OK i'm following you...
[13:24] {Threei} and break of that level will become a shiort trigger with clear stop level above .60
[13:25] {Threei} this is in a nutshell my approach - let the stock to form a readable structured setup
[13:25] {Threei} offering you clear trigger and clear stop
[13:26] {_coyote} would that mean sell around 12.53 trigger?
[13:26] {Threei} no clean nice consolidation so far
[13:26] {Threei} can't tell
[13:27] {_coyote} OK got it.. thanks Vad..lots to learn here.
[13:28] {lisa_jay} Coyote, I am new too. Just got Vads cds and books.
[13:29] {Threei} you remind me lisa... I need to read that too
[13:29] {lisa_jay} Looking forward to digging into them over the weekend...if kids let me.
[13:29] {_coyote} Great lisa..we can lear together..i have books/course also.
[13:29] {Threei} wasn't there a babysitter packed in the box??
[13:29] {lisa_jay} You can borrow mine...if you don't mind pink stains from markers on them.
[13:29] {Threei} you may have gotten incomplete package...
[13:29] {lisa_jay} Ran away once he saw my kids.
[13:30] {magoo} what books u talking about lisa?
[13:30] {Threei} .49 short Qs
[13:30] {_coyote} We learn together also
[13:30] {Threei} if stays below .65
[13:31] {Threei} just a scalp most likely
[13:31] {lisa_jay} Oh, scalping course, and Master Profit Plan.
[13:32] {Threei} stop to above .60
[13:32] {laserdave1} Hey guys i checked into UAUA
[13:32] {laserdave1} it is just hard to borrow today
[13:32] {Threei} OK, so just incorrect message code
[13:32] {laserdave1} it is not per sec
[13:33] {Threei} thought so, ty dave
[13:33] {laserdave1} yes hopefully we can shot it tomorrow
[13:33] {laserdave1} nprobs
[13:33] {_coyote} in q's at 29.50
[13:33] {Threei} careful with advise to shoot it dave
[13:33] {laserdave1} haha
[13:33] {Chaeron} short QQQQ @ 29.47 here
[13:34] {Threei} you can get in troubles
[13:35] {Threei} bands are widening under Qs, should drop more
[13:35] {_coyote} ok risking 15 cents to 29.65
[13:35] {Threei} I'd trail it to above .60 here
[13:36] {Threei} want to keep it tight in jerky market,. even at risk of being shaken out
[13:36] {Threei} if small lot, keep it at original level
[13:37] {Threei} volume dropped significantly on bounce, bodes well so far
[13:38] {Threei} volume increase on drtop
[13:39] {Threei} so far so good
[13:39] {Threei} 1:1
[13:39] {Geo} half out .35
[13:39] {Threei} nice and easy
[13:39] {Threei} stop is never geopardized, easy money
[13:39] {Threei} that's how we like it
[13:40] {lisa_jay} 4 for 4 today Vad...very easy trades. Too bad I decided to eat chicken wings and not trade.
[13:40] {Threei} Geopardized??
[13:40] {_coyote} out 29.35 in full 1:1.5 i think Thank you Vad
[13:40] {Threei} sigh
[13:40] {Threei} welcome guys
[13:40] {Geo} GEOpardise
[13:40] {Chaeron} I wasn't going to say anything
[13:40] {Threei} that's Geo's influence
[13:40] {Geo} see chaeron i told ya word revolves arounfd me
[13:41] {Threei} (as if I need anyone's influence to type badly)
[13:41] {Geo} crap
[13:41] {dino} chicken wings, nice
[13:42] {Threei} one thing is for sure guys... whatever it is you may learn from me it's NOT the typing/spelling skills
[13:42] {_coyote} actually 1:1 on Q's trade
[13:42] {Threei} yes coyote
[13:44] {_Muddleheaded} Why short the Q's and not buy QID?
[13:45] {Threei} same thing Muddle, I just don't always have a chance to type both
[13:45] {Geo} or NQ
[13:45] {_Muddleheaded} O.K. thanks.
[13:45] {Threei} if you prefer QID, understanding of setup I mean to play will give you corresponding levels on QID
[13:46] {Geo} too some at 1:1.5
[13:46] {lisa_jay} QID has wider stops and teleports
[13:47] {Threei} yes, more volatility to it
[13:47] {Geo} heheheh i find it tougher to calculate 1:1 etc in shorts
[13:48] {Geo} subtraction is tough
[13:48] {Threei} sorry geo, I sent to magoo all devices I had to help with that
[13:48] {Threei} calculator, abakus and sliding ruler
[13:49] {Geo} 1:2 ?
[13:49] {Threei} 50 - 30 = 20
[13:49] {Chaeron} in QQQQ s @ 29.47 - out @ 29.20 + 0.27
[13:50] {laserdave1} mags
[13:50] {laserdave1} dcc please
[13:50] {Threei} hope it helps
[13:50] {Threei} wtg chaeron
[13:50] {dino} gj
[13:50] {Threei} or let me spell it out this way:
[13:50] {Geo} in .59 out .18
[13:50] {Threei} 50 - 15x2 = 20
[13:50] {Geo} .49 sorry
[13:51] {Geo} much better vad
[13:51] {Threei} where 15 is original stop size, 50 is trigger
[13:51] {_coyote} Much better to post entry on entry not 10 min later that way magoo
[13:51] {Geo} 31 cents beauty call vad
[13:52] {Geo} 2X !!!
[13:52] {_coyote} won't say it's funny
[13:52] {Threei} but after magoo had troubles figuring out how many years he traded since 1999... I just had to send him all that stuff
[13:53] {Threei} now... imagine us mathematically challenged types trading with fractions {grin}
[13:53] {_coyote} Your right Vad..I am done with that guy.
[13:53] {Geo} ?
[13:53] {Threei} what guy?
[13:53] {Geo} exactly
[13:54] {_coyote} magoo.
[13:54] {_coyote} lol
06[13:54] * Geo goes off in corner to count cents
[13:54] {Threei} careful... magoo is known for being quick on trout
06[13:54] * Chaeron misses fractions
[13:54] {_coyote} not turning my back on him
[13:55] {Threei} be thankful laserdave keeps him busy :)
[13:55] {Geo} and bidu
[13:55] {_coyote} Thanks laserdave!
[13:56] {dino} fdry
[13:56] {Geo} the one advice from magoo really paying out to me
[13:56] {Geo} laying out the tragets
[13:56] {Threei} wow
[13:56] {Geo} thanks magoo wherever you are !
[13:57] {Threei} ADJOURNED SHAREHOLDER MEETING TO WED 7PMET, DUE TO RECENT EVENTS IN TRANSACTION
[13:57] {Threei} no idea what it means for FDRY
[13:57] {Threei} but obviously nothing good, lol
[13:57] {dino} merger off maybe
[13:57] {Threei} didn't know they even planned one
[13:58] {Threei} ADJOURNED SHAREHOLDER MEETING AND VOTE ON MERGER AGREEMENT TO WED 7PMET, DUE TO RECENT EVENTS IN TRANSACTION
[13:58] {Threei} - vote had originally been scheduled for today.{BRCD FULT}
[13:59] {Geo} narrow range day
[14:00] {Threei} FDRY would disagree
[14:00] {Geo} vad you still in Qs?
[14:00] {Threei} nope, I designated it as scalp from the get go
[14:00] {Geo} ok
[14:01] {dino} v sm v wide fdry l .00
[14:01] {dino} too soon
[14:01] {Threei} both crashes, 1929 and 1987 occured in last days of October
[14:01] {Threei} 28 and 29 if I remember correct
[14:01] {Geo} man you old
[14:02] {patience} that's funny geo
[14:02] {patience} lol
[14:02] {Geo} he remembered?
[14:02] {Chaeron} soooo reshort QQQQ and go long QID til Halloween? :)
[14:02] {patience} i'm sure
[14:02] {Threei} and week days wise, fallen on Mon and Tue
[14:02] {Threei} having 27 -28 these Mon-Tue... fairly ominous :)
[14:03] {Geo} i do have this put spread on the Qs on
[14:03] {Geo} did i mention the strikes?
[14:03] {Threei} and important thing to add:
06[14:03] * Threei slaps Geo around a bit with a large trout
[14:03] {dino} stopped fdry -200
[14:04] {Geo} UAUA
[14:06] {Geo} shesh fdry spiked up now
[14:07] {Geo} any news UAUA?
[14:08] {Threei} no, why?
[14:08] {dino} messed up geo
[14:08] {Geo} PNC dino
[14:08] {lisa_jay} Thanks guys. Off to Dr's for Kids appt.
[14:08] {dino} gut says up, but from where fdry
[14:08] {lisa_jay} Have a good weekend.
[14:08] {dino} cya lisa
[14:08] {Geo} cya lisa
[14:08] {Threei} take care lisa, have a good one, see you on Monday
[14:08] {magoo} bye lisa
[14:08] {_coyote} cya lisa
[14:09] {dino} pnc?
[14:09] {Threei} 2 hours till market close, and we may get more action on last hour
[14:09] {Threei} so let me ask if anyone of guests have any questions
[14:09] {magoo} u in anything vad, was distractred
[14:09] {Threei} no mags, Qs short earlier, closed already
[14:09] {magoo} ok
[14:09] {Geo} i am long small uaua
[14:09] {magoo} what u thinking?
[14:10] {Threei} me? thinking?
[14:10] {Threei} that's flattering assumption
[14:11] {Threei} if no questions, two things I want to say
[14:11] {Threei} 1. hope we handled these two days well, guiding through the rough waters safely and profitably
[14:12] {Threei} 2. If you feel like getting more, you have 1 week free trial opportunity
[14:12] {magoo} u did awesome job vad in difficult environment
[14:12] {Threei} ty mags
[14:12] {magoo} and i do not like to give out praise
[14:12] {Geo} out on spike 10 cents
[14:12] {Threei} boy, don't I know that
[14:12] {magoo} i negative reinforcement kind of magoo
[14:12] {Geo} heheheh
[14:13] {Threei} trout is what I get
[14:13] {Geo} thanks vad.... 2x on a range da y like today.... I love it
[14:13] {Threei} welcome sir
[14:14] {dino} fdry v sm l .00, last try
[14:14] {Geo} DXD dino
[14:14] {dino} regarding newbies, hope we helped and you learned something.
[14:14] {magoo} guests, we'll make your room fee in 1 day, rest of month great education and money, plus bad taste jokes
[14:14] {Geo} lol@magoo
[14:14] {Threei} mine are exception
[14:15] {Threei} mine are good
[14:15] {Threei} that's my story and I'll stick to it
[14:15] {Threei} well... at least I laugh at them
[14:19] {_coyote} Vad, I have question..do you subscribe to any news services and if so
[14:19] {_coyote} which ones.
[14:20] {Threei} yes
[14:21] {Threei} Trade The News
[14:21] {Threei} we have a banner on our homepage
[14:21] {Threei} use it to get free trial
[14:21] {_coyote} Thank you.
[14:21] {Threei} should be somewhere at the bottom of page if I remember correctly
[14:22] {_coyote} i'll find it ..
[14:24] {Threei} lol, even FDRY slowed to a crawl
[14:24] {Threei} you still in dino?
[14:24] {Threei} or is it halted?
[14:24] {Threei} looks weird somewhat
[14:26] {dino} double stop on it, things broke
[14:27] {Threei} hmmm... something seems not right with my internet connection
04[14:27] -} [Threei] PING
[14:28] {Threei} [14:28] [Threei PING reply]: 22secs
[14:28] {Threei} yikes
[14:28] {Geo} wow
[14:28] {Geo} 0 here
[14:29] {Threei} that's why my FDRY seemed so slow I guess, lol
[14:34] {dino} heck of a bounce
[14:35] {Geo} DXD

[14:36] {dino} y
[14:37] {Threei} trying to reset router, be right back - hopefully
[14:41] {Threei} that's better
[14:42] {Threei} missed Qs .50 long I see
[14:44] {Threei} am I here?
[14:44] {Geo} y
04[14:44] -} [Threei] PING
[14:44] {Threei} whew
[14:44] {Geo} but since yo missed .5
[14:44] {Geo} we are ignoring u
[14:44] {Threei} oh, that's fine
[14:45] {Threei} I am quite comfortable with being ignored
[14:45] {Threei} PIMCO'S BILL GROSS: EXPECTS RECESSION TO BE 'LIKELY'
[14:46] {Geo} those germans !
[14:46] {Threei} sure, send market to selloff mode again Gross
[14:47] {Threei} watching NFLX for possible short
[14:47] {_coyote} OK if you would have taken the Q trade at .5 , Vad where would stop placement been?
[14:47] {Threei} 19 trigger if stays under 19.15, half lot
[14:47] {Threei} under .40 at the moment, coyote
[14:48] {_coyote} Thank you sir
[14:48] {Threei} sure
[14:48] {Threei} there were two plays actually,
[14:48] {Threei} one is breakout of .50,
[14:49] {Threei} second is pullback into it, but important thing is:
[14:49] {Threei} second pullback I wouldn't buy
[14:49] {Threei} too many retests of support, not good
[14:49] {Threei} more than that, this bounce into .50 is actually short
[14:50] {Threei} ugh, a bit late
[14:50] {Threei} no chasing
[14:50] {_coyote} OK ....learning another lesson..alright i see that
[14:50] {Threei} NFLX held .20 test
[14:51] {Threei} and same way, second bounce into .50 if happens is not a short anymore
[14:51] {Threei} here it is
[14:52] {_coyote} Why second bounce is not a short?
[14:52] {Threei} break of support is a short trigger,
[14:52] {Threei} bounce into support is a short,
[14:52] {Threei} former support I mean, now resistance,
[14:52] {_coyote} Got it! Thank you.
[14:53] {Threei} but second bounce and tagging it is not good anymore,
[14:53] {Threei} too much strength
[14:53] {Threei} same loging as earlier with long off it
[14:53] {Threei} see how it went to .60?
[14:53] {Geo} nflx looking strong vad
[14:53] {_coyote} Yes.
[14:53] {Threei} bumping iinto resistance
[14:53] {Threei} NFLX I mean
[14:54] {Threei} if breaks it, invalidated as short
[14:54] {Geo} sp by your logic no shorting pullback here but wait for breakdown
[14:54] {Threei} [14:53] {Threei} same loging {--- that was supposed to be "same logic"
[14:54] {Threei} on NFLX?
[14:54] {Geo} yeah
[14:55] {Threei} oh, you can try and enter aggressively on first bounce,
[14:55] {Threei} less likely to work on second
06[14:55] * Geo is in PP mode
[14:55] {Threei} andfthis was second
[14:55] {dino} pp mode? bathroom
[14:55] {Threei} lol
[14:56] {_coyote} I am following this..what a load to learn Vad
[14:56] {Geo} man dino
[14:56] {Geo} ohhh man
[14:56] {Threei} it's not very complicated coyote...
[14:56] {Threei} certainly not a rocket science
[14:56] {Geo} ProfitProtection
[14:56] {Threei} but to confuse you a bit more for now,
[14:56] {dino} ahhh, good deal. when up get stingy
[14:56] {_coyote} I just don't want to get laughed at
[14:56] {Threei} this second retest and break is two things in one:
[14:56] {_coyote} lol
[14:57] {dino} fdry now works
[14:57] {Threei} first is invalidation of the original setup,
[14:57] {Threei} and second is fading of the opriginal setup
[14:57] {Threei} meaning, going against it
[14:57] {Threei} in Qs case that would be long on .50 break
[14:57] {Threei} in NFLX case that would be long on .20 break
[14:58] {dino} rally
[14:58] {Geo} ncie vad
[14:58] {Threei} logic is simple: if setup is violated, opposite side took opver
[14:58] {Threei} everyu setup can be played in different ways
[14:58] {Threei} envision JBE
[14:58] {Threei} break of uppoer limit is long, right?
[14:59] {Threei} break of lower limit is invalidating the JBE
[14:59] {Threei} and can serve also as a short indication
[14:59] {Threei} Chaeron often plays this fade of my setups if they get invalidated
[14:59] {Geo} sneaky !!
[14:59] {Geo} didnt know that
[14:59] {Threei} that's him
[14:59] {Threei} sneaky is his middle name
[14:59] {Chaeron} well....... true.,....
[15:00] {Threei} break of .20 on NFLX would work
[15:00] {_coyote} Alright that is a new play with Chaeron..
[15:00] {Threei} and break of .50 on Qs would work beautifully
[15:00] {Threei} although in all fairness, there is no way I would have held it that long
[15:00] {magoo} back
[15:00] {magoo} we in anything vad?
[15:00] {Threei} would havce scalped like 30 cents ago, lo;l
[15:01] {Chaeron} it's logical... I mean if it isn't going to work one way, it's because that set up is going to fail. So be fast and open to shifting to other side...
[15:01] {_coyote} Following you on that
[15:01] {Chaeron} and I normally only look for a scalp on those
[15:01] {Threei} wow, NFLX 30 cents
[15:01] {_coyote} Would that be 1:1 Chaeron
[15:02] {Chaeron} yes
[15:02] {_coyote} Thanks
[15:02] {Geo} do you play QLD vad?
[15:02] {Threei} I don't go into these things on each given trade, too much to type,
[15:02] {Threei} but if you read TTR, you saw all these variations
[15:02] {Chaeron} you will get feel... all is then reflex and instinctual, not thought about
[15:02] {Threei} no Geo
[15:02] {Threei} nice mover though
[15:03] {_coyote} Will take awhile from the book to real time for me
[15:04] {Chaeron} not long... trust me... the whole thing about this room is that Vad can show you how to not only do but evolve as the markets evolve. That's what keeps a trader around and in the black consistantly over the long term
[15:05] {dino} out ice 59.70, +1.20
[15:05] {Geo} yeah
[15:05] {_coyote} Thats good new on both counts
[15:05] {Geo} lets hope he doesnt retire to alaska or something
[15:05] {Chaeron} by that time, you'll be able to run this room geo
[15:05] {Threei} alaska?
[15:05] {Threei} too cold
[15:05] {Geo} well you did visit !
[15:05] {Chaeron} heard you liked Sarah Palin :)
[15:06] {Geo} well with her new bling who wouldnt
[15:06] {Threei} don't confuse tourism for immigration, as old joke goes :})
[15:06] {dino} sarah could be hot
[15:06] {Geo} tell that in LA
[15:06] {Geo} "could" dino?
[15:07] {Threei} watching Qs for bounce
[15:07] {dino} they need to let her dress it now, throw on some contacts, you know
[15:07] {Threei} 28.80 roughly
[15:07] {_coyote} It seems as though if you subscriber you need to post entry and exit times but if
[15:07] {Geo} missed ;(
[15:08] {_coyote} your a guest you up to something funny if you don't
[15:08] {Threei} nah coyote
[15:08] {Threei} it's a oersonal choice
[15:08] {Threei} we have members who speak once a year if that
[15:08] {dino} keeps me tight w/stops coyote
[15:09] {Threei} some want verification,
[15:09] {Threei} some use it as a way of self control,
[15:09] {_coyote} OK i'll buy that
[15:09] {Threei} feeling of bweing watched makes you disciplined
[15:09] {dino} i am the 2nd group
[15:09] {Threei} some just brag
06[15:09] * Threei is looking around waiting for someone to volunteer
06[15:10] * Geo heh
[15:10] {_coyote} OK clear on that
[15:10] {Threei} and some simply trade and never talk to me
[15:10] {magoo} geo's bad
[15:10] {Threei} maybe they hate me, I don't know :)
06[15:10] * Geo daily is 10$ so i make 10X daily
[15:10] {magoo} mine 15 dollar but made 3x
[15:11] {Geo} nice magoo
[15:11] {magoo} i hate u lol
[15:11] {Geo} youre always an inspiration
[15:11] {Geo} lol
[15:11] {Threei} I know mags
[15:11] {Threei} fish slime all over me speaks volume
[15:11] {magoo} unless u give me a winner here..then i luv u
[15:11] {ese} gotta figure that funds and instituions will probably start buying end of this month.......prices are lookin too good
[15:11] {Geo} speaking of fish slimes
[15:11] {Geo} http://online.wsj.com/article/SB122480233710964683.html
[15:12] {Geo} excellent article on sushi chef bullies and that culture
[15:12] {Threei} Qs bounced exactly from .80
[15:12] {Threei} too faasdt for entry or someone got it?
[15:12] {magoo} not enough want pointer or hate u
[15:12] {Geo} missed
[15:12] {Geo} was at 88 so didt chase
[15:13] {dino} and 100 pt drop
[15:16] {Threei} Short Setup: QQQQ .75 trigger if stays below .90
[15:16] {Threei} half lot
[15:16] {Threei} (needless to say)
[15:18] {_Bruce} thats 5 k only folks
[15:18] {Threei} yeah
[15:18] {Geo} invalid vad?
[15:19] {Threei} invalidated for now, but if consolidates for couple min more and breaks .75 will be valid again
[15:19] {Threei} right away, not sure
[15:19] {Threei} kind of dicey
[15:19] {_coyote} in at 29.75
[15:19] {_coyote} on a stop
[15:20] {_coyote} out here
[15:20] {Threei} confused
[15:20] {Threei} what "on a stop" means?
[15:20] {_coyote} no idea what i am doing but it worked
[15:20] {Threei} OK :)
[15:21] {_coyote} sell stop
[15:21] {Geo} ah]
[15:21] {peterg} +.08 ty
[15:21] {Threei} welcome
[15:21] {_coyote} Thank you sir.
[15:21] {Threei} careful here guys, things become fast and jerky again
[15:21] {Threei} Qs look like short on bounce
[15:22] {_coyote} Again?
[15:22] {Threei} wanted closer to .90
[15:23] {Threei} first weakness friom here
[15:23] {Threei} in 30
[15:23] {Threei} stop above 30.10
[15:24] {Threei} half out .84
[15:24] {Threei} stop just above 30
[15:24] {_coyote} in 29.96 Q's s
[15:25] {_coyote} out 29.85
[15:25] {_coyote} Can't type fast enough
[15:26] {Threei} if you can trade fast enough, that's what matters :)
[15:26] {Threei} die market
[15:26] {Threei} {market} you don't like me :(
[15:27] {_coyote} OK 1:1 on that trade
[15:27] {Chaeron} QQQQ s 29.96 in, out 29.85 . got nervous
[15:27] {_coyote} Me too Chaeron
[15:27] {Threei} some are soo fragile...
[15:27] {Threei} chaeron is just a violet
[15:28] {magoo} magoos a rose..ask patience :)
[15:28] {Threei} shrinking one too
[15:28] {magoo} HEY
[15:29] {Threei} I can feel a Seinfield moment coming
[15:29] {dino} omri
[15:29] {dino} phase ii, may be worth short
[15:30] {magoo} "they shrink"elaine
[15:30] {Threei} hehe
[15:30] {dino} missed it
[15:30] {Threei} Ok Qs, you established little downtrend... follow through now, will ya?
[15:30] {dino} and she says"i don't know how yo walk around w/it"
[15:31] {Threei} looking to cover under .70
[15:31] {Threei} out .67
[15:32] {Threei} +.33
[15:32] {dino} any newbies coming back next week?
[15:32] {Threei} me
[15:32] {_coyote} I will be back dino for the trial period to start with
[15:33] {dino} mgood, i wish you much success
[15:33] {_coyote} If it is alright with Vad?
[15:33] {Threei} lol... why not
[15:33] {dino} now if i could get magoo to stop throwing candy at me
[15:33] {magoo} i hope too if i don't get blown away on my goog short here lol
[15:33] {_coyote} Thank you dino have been very supportive today
[15:33] {Threei} trial at http://www.realitytrader.com/trial.html
[15:34] {Threei} and our daily logs are at http://www.realitytrader.com/tradinglog
[15:34] {Threei} posted every day after market
[15:34] {dino} np, we all help ewach other
[15:34] {_Bruce} get him to switch to beer now dino
[15:34] {dino} bruce, whers my top on omri for short?
[15:34] {dino} beer in 25
[15:34] {_coyote} I have followed the daily trade logs
[15:35] {dino} for awhile (days?)
[15:35] {_Bruce} its hit dino - too late on that one imo
[15:35] {dino} 2nd top
[15:35] {Threei} did we have any single stop today on calls??
[15:35] {_coyote} for about 2 weeks dino but alot different trading in the room
[15:36] {dino} i did vad, but playiong my own junk
[15:36] {Threei} I know... but your junk is very profitable :)
[15:36] {dino} today, indeed it was 1.6 area
[15:36] {Threei} you know... one man's junk...
[15:37] {_coyote} Only stop i had was on one of my calls
[15:37] {Threei} with Internet going down and missing some of my own plays, not sure about all the calls but seems to me 100% today
[15:37] {dino} nothing wrong w/stops, they keep you in game
[15:37] {dino} and to quote myself; profits=luck and stops=skill
[15:38] {Threei} btw, all know about educational part of blog?
[15:38] {magoo} oy
[15:38] {magoo} hate that part lol
[15:38] {Threei} http://www.realitytrader.com/blog/
06[15:38] * Threei slaps magoo around a bit with a large trout
[15:38] {dino} ouch athn
[15:38] {magoo} sh goog 338.25
[15:38] {Threei} make sure you read it guys... a lot of things that will put many diff aspects in clear perspective
[15:39] {magoo} [15:34] {magoo} i hope too if i don't get blown away on my goog short here lol
[15:39] {magoo} DO NOT TRADE THIS
[15:39] {_coyote} I have read some of the blogs read the rest over weekend
[15:39] {Threei} cool
[15:39] {dino} magoo is like a rat to cheese
[15:39] {Threei} good to know I don't write it for nothing
[15:40] {dino} i could put a starburst in a rat trap and he would lose a finger
[[15:40] {magoo} ah dino..but remember
[15:41] {magoo} early bird gets the worm....but 2nd mouse gets the cheese
[15:41] {Geo} meat and cheese !
[15:42] {Threei} 2 and half buck mags
[15:42] {dino} mmmm
[15:42] {Threei} good one
[15:43] {magoo} out
[15:44] {dino} hmmm, just remember uyg still open
[15:44] {_Bruce} calling it a day
[15:44] {_Bruce} good to see you all
[15:44] {_Bruce} take care
[15:44] {magoo} BRUCE WAIT'
[15:44] {Threei} take care bruce, good to see you
[15:44] {_Bruce} and thanx for invite vadster
06[15:44] * magoo slaps _Bruce around a bit with a large trout
[15:44] {_Bruce} lol
06[15:44] * _Bruce slaps magoo around a bit with a large trout
[15:44] {Threei} as if you didn't know what was coming :)
[15:44] {_Bruce} take that
[15:44] {_Bruce} yes
[15:44] {dino} lol
[15:44] {_Bruce} got him back though
[15:45] {_Bruce} it's about 3 to one for me anyway
[15:45] {Threei} but you unholstered your trout as soon as you saw that "wait"
06[15:45] * _Bruce slaps magoo around a bit with a large trout
[15:45] {_Bruce} there - just for good measure
[15:45] {_Bruce} have a good weekend all
[15:45] {dino} u2 bruce
[15:45] {_Bruce} hey dino
[15:45] {_Bruce} miss trading w you
[15:46] {_Bruce} trade safe
[15:46] {Geo} hmm we have someonce called test
[15:47] {dino} thx man, be good
[15:48] {Geo} bya all and thanks
[15:48] {Threei} take care Geo
[15:48] {Threei} Ok guys, thank you all,
[15:48] {peterg} ttfn!
[15:48] {peterg} not a symbol
[15:48] {Threei} thanks for dropping by for our open house
[15:49] {hawkfan4} cya all, have a good weekend
[15:49] {Threei} hope it was enjoyable andprofitable
[15:49] {Threei} have a great weekend
[15:49] {magoo} good job vad
[15:49] {peterg} got to increase size
[15:49] {peterg} of shares
[15:49] {dino} ttfn, lol
[15:49] {Threei} see you next week, residents and those wo join a trial
[15:49] {dptl} have a good weekend all :)
[15:49] {peterg} residents of the asylum!
[15:50] {dino} cya dp
[15:50] {dino} i prefer jungle
[15:51] {peterg} come to think of it, i do too
[15:51] {_Case} Thank you Vad. It's been a very educational two days. In the worst market conditions of the century.
[15:51] {_Case} (for now)
[15:51] {peterg} so far!
[15:52] {Threei} good to hear you liked it Case
[15:53] {Threei} I believe we handled it well
[15:53] {Threei} safe and profitable
[15:53] {_Case} Honestly, I think this is the only way to navigate these markets.
[15:53] {dino} i agree case
[15:54] {_Case} Plus it does wonders for your psyche
[15:54] {dino} holding is destroying aloit of people
[15:54] {dino} alot
[15:54] {Threei} making money always does {G}
[15:55] {_Case} Indeed. But being that fast (or being that fast when you need to) is the only defense against overnight games played by the big boys
[15:55] {_Case} or world financial system collapse, for that matter
[15:56] {_Case} whatever is this thing we are witnessing anyway
[15:56] {dino} chaos
[15:56] {dino} out uyg .20, +.20
[15:56] {dino} stop hit
[15:59] {dino} thats it for me. thanks all, nice way to finish week
[15:59] {dino} magoo, grab some brews
[15:59] {magoo} me too i need a brew
[15:59] {magoo} poet

Thursday, October 23, 2008

Oct 23 00:00:01 2008

RealityTrader is open for guests for another day, Fri Oct 24. Just download a connector at http://www.realitytrader.com/rtc.exe and drop by with any username and password.


Session Time: Thu Oct 23 00:00:01 2008

[07:38] {Nemo} Is anybody out there
[07:44] {Threei} Good morning sleepless souls
[07:44] {Threei} gosh... it's 4:44 am
[07:44] {Nemo} At my age, sleep is a luxury that doesn't come easy
[07:45] {Nemo} Forgot, your on the left coast
[07:45] {Threei} ok... but to yell that loud that early? :)
[07:45] {Threei} kidding
[07:45] {Threei} lemme get that coffee
[07:45] {Nemo} I'm not a chat afficianado...don't know what I'm doing
[07:47] {Threei} it's easy... type here for conversation with evceryone, doubleclick on my nick and type in new window that pops up to talk to me privatelty
[07:48] {Nemo} you referred to yelling...I know in blogging capital letter are considered yelling. I don't have that access
[07:49] {Threei} nah, that just was my cranky morning side, lol
[07:49] {Nemo} oh...your evil twin :)
[07:49] {Threei} futs look ominous so far
[07:50] {Threei} NQ - 19, SP -17
[07:50] {Threei} and ticking
[07:50] {Nemo} when I saw low positives last night I thought it would be a bad day.
[07:51] {Nemo} Haven't heard much about Lehman CDSs settlements. I wonder how much of yesterday was liquidation around that issue
[07:52] {Threei} well, we are so dangerously close to breakdown level, lows of Oct 10 and 16, it starts acting like a magnet
[07:52] {Threei} and iof broken...
[07:52] {Threei} let me look, I posted it yesterday
[07:53] {Nemo} IMO: P/Es have to get down to the 70s lows, and how much of these CDSs have to be wrung out, meaning more liquidations
[07:54] {Threei} [14:20] {Threei} $72B OF CREDIT SWAPS HAVE REPORTEDLY SETTLED WITHOUT INCIDENT THROUGH SELLERS PAYING $5.2B
[07:56] {Nemo} POT trumped earnings but outlook cloudy, trading up 5%. Won't last long.
[07:57] {magoo} morning
[07:57] {Threei} magoo :)
[07:57] {Threei} POT is glorified manure company
[07:58] {Nemo} You ever hear the parable about when the different parts of the body were discussing who should be boss? Manure is very important
[07:58] {Threei} yes, lol
[07:59] {Threei} (RU) S&P REVISES RUSSIA OUTLOOK TO NEGATIVE
[07:59] {Threei} {Russia} Fine, be that way... who to invade next?
[07:59] {Nemo} Russia is a few cities and swamp
[08:00] {Threei} yeah, but one of those cities has a lot of bling
[08:00] {Nemo} Garden Circle. 3 miles of money
[08:00] {Threei} yup
[08:01] {Nemo} Yeah, but cross the bridge...bad day...
[08:01] {Threei} Jobless claims in 28 minutes
[08:01] {Nemo} ADP numbers?
[08:02] {Threei} last 461K, continuing 3.282M
[08:03] {Nemo} LIBOR drop slows 3.535
[08:03] {Threei} after close earnings..,. KLAC, MSFT, GNW, WEN
[08:04] {Nemo} NOV just reporting
[08:04] {Threei} (CA) TO PROVIDE INSURANCE ON WHOLESALE BANKIN BORROWING
[08:05] {Threei} wow
[08:05] {Threei} canadian way to unfreeze credit market?
[08:05] {Threei} to take risk out of it completely?
[08:05] {Nemo} Lemmings doing same thing around the world can you say moral hazard...
[08:05] {Threei} I can feel a lot of unintended consequences coming
[08:06] {Nemo} Must be that 3rd eye talking :)
[08:06] {Threei} lol
[08:07] {Threei} just imagine how wide the gates are being open to lending influenced by greed or corruption, when risk is being completely erased
[08:07] {Nemo} You mean just like before...nahhh
[08:10] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:10] {Threei} - Expectations for initial claims are 468K v prior release of 461K
[08:10] {Threei} - Continuing claims seen at 3.715M v prior 3.711M.
[08:12] {Nemo} DOW profits down, Sales down
[08:12] {Threei} SAUDI ARABIAN OIL MIN: OIL PRICES WILL BE DETERMINED BY MARKET
[08:13] {Nemo} Hahah...I thought they'd play ball
[08:14] {Nemo} This will keep Chavez and Iran at bay, and help keep the price of gold down
[08:14] {Threei} as long as their cuts are reasonably within theior current surplus, they just don't matter
[08:14] {Nemo} Saudi needs $30 oil to pay their bills...more is gravy
[08:14] {magoo} vad, dcc
[08:14] {Threei} and to cut below that trying to create lack of oil, in current situation?
[08:15] {Threei} won't happen, IMO
[08:15] {Nemo} Politically dangerous
[08:16] {Nemo} Gold down again $24
[08:18] {Threei} BALTIC DRY BULK INDEX DOWN 5.9%, 14TH STRAIGHT DECLINE
[08:22] {Threei} be back in 5
[08:27] {Threei} IRAQI OIL MINISTER: OPEC PARTICIPANTS ARE BACKING PRODUCTION CUT, INCLUDING SAUDI ARABIA
[08:27] {Nemo} Yeah, but how much?
[08:29] {Threei} jobless claims in 2 min
[08:29] {Threei} in 1
[08:30] {Threei} NTITAL CLAIMS 478K V 468KE,
[08:30] {Threei} CONTINUING CLAIMS 3.72M V 3.715ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 461K to 463K
[08:30] {Threei} - Prior Continuing Claims revised from 3.71M to 3.73M
[08:31] {Threei} no immediate reaction by market
[08:32] {Nemo} DUG up oil basically unchanged on oil announcement
[08:32] {Threei} UAE: OPEC WILL DISCUSS OUTPUT CUT AT FRIDAY'S MEETING
[08:33] {Nemo} Mmmmh will they announce on Friday, or another weekend where you can't lay bets
[08:34] {Threei} somewhat encouraging how market takes jobless claims so far
[08:35] {Nemo} Getting blase about bad news
[08:40] {Threei} AMERICAN TECH RAISED AMZN TO HOLD FROM SELL, PRICE TARGET: $40
[08:42] {Threei} {AMZN} what kind of upgrade is that
[08:43] {Nemo} The "I don't know what I'm talking about, but I'll fake my expertise" upgrade
[08:45] {Threei} you can almost feel how desperately market is trying to back off this deadly edge, lows of 10/10
[08:50] {Threei} looks like we are in for the wild ride again for these two days
[08:51] {Threei} EMERGING MARKET CURRENCIES OFF SESSION LOWS ON CHATTER THAT IMF WILL PROVIDE $1T AID PACKAGE
[08:51] {Threei} 1T eh?
[08:52] {Nemo} Where's the IMF getting the money. The US is the IMF
[08:52] {Threei} monopoly money is being thrown around
[08:52] {Threei} any amounts are available, just ask
[08:52] {Nemo} Pesos??? I think we're down to rubles?
[08:53] {Threei} still not at mongol tougricks stage yet
[08:53] {Nemo} defensive???
[08:53] {Threei} backed by endless herds of cattle
[08:53] {Nemo} Love that kumis...
[08:53] {lisa_jay} Good Morning.
[08:54] {Threei} lisa :)
[08:55] {Nemo} lvlt loss narrows bid .35 ask .37 close.23
[08:56] {Threei} a bit too narrow for a day traading candidate
[08:57] {Nemo} would expect it to fade nicely today
[08:58] {Onix} Good morning all
[08:58] {Threei} Onix :)
[08:59] {Threei} markets are upticking
[09:00] {Threei} against another bad set of jibless numbers
[09:00] {Threei} jobless too
[09:02] {Threei} AMGN upticking
[09:02] {Threei} announced decent earnings and guidance yesterday
[09:02] {Threei} BC
[09:02] {Threei} REPORTS Q3 -$6.70 V -$0.50E (INCLUDES ITEMS), R $1.04B V $1.16BE
[09:03] {Threei} wow
[09:03] {Threei} -$6.70 V -$0.50E
[09:04] {lisa_jay} JBLU up
[09:04] {Threei} 07:16am [JBLU] Reports Q3 -$0.02 v -$0.04e, R $902M v $899.3Me
[09:05] {Threei} 5.25 is two days resistance for JBLU
[09:05] {Threei} was trying to break it yesterday when market selloff came and took it away from breakout level
[09:05] {Threei} SPOT GOLD BREAKS BELOW $700/OZ FOR FRESH 13 MONTH LOWS
[09:05] {Threei} gold is getting killed
[09:08] {Geo} gm
[09:09] {Threei} geo :)
[09:09] {dino} gm all. end of days again
[09:09] {Threei} dino :)
[09:11] {Threei} JBLU
[09:11] {Threei} CEO: WE ARE COMMITTED TO NO CAPACITY GROWTH IN 2009 - CONF CALL
[09:13] {Threei} OK guys, first, welcome to all gusts,
[09:13] {dino} lol. we are committed to not growing
[09:13] {Threei} move your chairs closer,
[09:13] {Nemo} I'm sensitive about trout
[09:14] {Threei} just don't touch that palm tree in the corner please, last time around too many cigarette butts in the pot damaged it
[09:14] {Threei} we have a rule about not trouting the guests
[09:14] {Threei} although we do break our rules frequently
[09:15] {Threei} second, let's form our working assumptions for the day
[09:15] {Threei} pattern lately was:
[09:15] {Threei} some selling at the opne, steady climb for a few hours, then sharp selloff closer to end of day
[09:16] {Threei} let's go with that for now, with one necessary comment:
[09:16] {Threei} we are very close to a dangerous breakdown level
[09:16] {Threei} so markets are likely tio be even more nervous
[09:17] {Threei} let's for now keep our bets to half lot unless stock is very thick and stop is fairly tight
[09:17] {Threei} alert format includes trigger for a trade, condition and stop level
[09:17] {Threei} like this:
[09:18] {Threei} Long Setup: ABCD 30.01 if stays above 29.90
[09:18] {Threei} 30.01 is a trigger,
[09:18] {Threei} breakdown of 29.90 is invalidating level if broken before triggering
[09:18] {Threei} and stop level if broken after
[09:18] {ese} good morning
[09:18] {Threei} ese :)
[09:19] {Threei} sometimes plays are more discretionary than that,
[09:19] {Threei} then alerts are somewhat fuzzy,
[09:19] {Threei} like:
[09:19] {ese} morning vad...and welcome the members to the board bomer buce nemo et al
[09:19] {ese} new members
[09:19] {Threei} ABCD is a bounce candidate, likely off 19.50 level, watch for nasdaq strength to guide entry
[09:20] {_Bruce} morning all
[09:20] {Threei} bruce :)
[09:20] {Threei} any questions so far?
[09:20] {_Case} Good morning Vad. and team.. thanks for the open house :-)... Question: How do you size "lot" in terms of your total capital per trade?
[09:20] {Threei} don't hesitate to ask if you get any
[09:20] {Threei} good morning case
[09:21] {Threei} we go with risk tolerance
[09:21] {Threei} idea isd:
[09:21] {Threei} you define how much you are willing to lose on any given trade
[09:21] {Threei} industry standard is 1-2% of your trading account
[09:21] {Threei} from here, having your stop loss on particular setup
[09:21] {Threei} you figure out lot size
[09:22] {Threei} example:
[09:22] {Threei} you are willing to lose no more than 200 on a trade,
[09:22] {Threei} stop size is 20 cents,
[09:22] {Threei} you can go with about 1000 share IF stock is thick enough so slippage is not an issue
[09:22] {Threei} when you deal with thin volatile traders, like RIMM,
[09:23] {Threei} no way you can count on no slippage
[09:23] {Threei} so you cut down your size
[09:23] {Threei} I usually iclude this evaliuation in alert
[09:23] {_Bruce} morn vadster
[09:23] {Threei} saying "half lot" or small shares"
[09:24] {ese} bruce...
[09:24] {_Bruce} howdy ese
[09:24] {Threei} for the open, considering volatility, let's keep them all to half lot
[09:24] {ese} vads a typing monster this morning......
[09:25] {Nemo} amazing with that accent
[09:25] {dptl} good morning all
[09:25] {Threei} youmean MIStyping monster?
[09:25] {Threei} dp :)
[09:25] {ese} dp!!!!!!
[09:25] {dptl} :)
[09:26] {_Case} Thanks Vad.. perfectly clear. Followup question: Are you / the regulars here sticking to 1% risk per trade, 0.5% or something higher?
[09:26] {Threei} I am generally keeping it within 1-2%
[09:27] {Threei} as for regulars... they all found and destroyed spy cameras I had installed in their offices... can't tell aymore
[09:27] {_Case} :-)
[09:27] {Nemo} once a kgb guy
[09:27] {Threei} lol
[09:28] {Threei} watching UAUA
[09:28] {ese} 1-2% for me as well
[09:29] {Threei} usually fast one at the open
[09:29] {Threei} sharp dive under 14 if happoens, will be buying opportunity
[09:29] {Threei} it often does that
[09:29] {Threei} consequent run is usually fairly impressive
[09:30] {Threei} open we are
[09:30] {Threei} market upticking
[09:30] {Threei} Long Setup: UAUA 14.20 if stays above 14
[09:30] {Threei} half lot
[09:30] {Threei} that was too fats, don't chase
[09:31] {ese} bstop CTXS 23.01
[09:31] {ese} filled
[09:31] {Threei} 40 cents in one gasp
[09:31] {ese} .5
[09:31] {Threei} 50 even
[09:31] {ese} sory .05
[09:32] {ese} out CTXS .34
[09:32] {Threei} UAUA pulling back
[09:32] {ese} +.29 ....that was a 1/2 ;ot
[09:32] {Threei} lol, that kind of redefines fast
[09:32] {ese} damn does it ever
[09:32] {Threei} if you still had your order at .20, that was the only way to get filled
[09:33] {Threei} if UAUA revisits that level again, it's not an entry anymore
[09:34] {Threei} watch JNPR for entry on pullback closer to 19
[09:34] {dino} ice sm l .25, stop .79
[09:34] {Threei} JNPR here
[09:34] {Threei} stop about 18.95
[09:37] {Threei} UAUA sharp down
[09:37] {Threei} sewe how thrid revisit of 14.20 was not an entery anymore?
[09:38] {_Case} Yes... Oil is up, does it trade in reverse?
[09:38] {Nemo} 3rd revisit breakdown
[09:38] {Threei} latelt UAUA mostly trades with market
[09:38] {Threei} JNPR no worky
[09:40] {lisa_jay} Almost got 1:1 on jnpr, quotes were bad, so too 8c loss. sigh.
[09:40] {Threei} Long Setup: FDRY .50
[09:41] {Threei} if stays above .35
[09:42] {Threei} if this one doesn't work, backing off longs longs
[09:42] {hawkfan4} AMGN .50 small, stop under .25
[09:43] {peterg} good morning all, honored guests
[09:43] {Nemo} market backing off
[09:43] {Threei} peter :)
[09:43] {hawkfan4} 1/2 out .85
[09:43] {Threei} no worky FDRY
[09:44] {ese} hawk are in AMGN?
[09:44] {Threei} market bounces are met with a lot of selling
[09:44] {Onix} stopped JNPR and FDRY
[09:44] {ese} was gonna bstop AMGN at .54.01
[09:44] {hawkfan4} stop .67 amgn
[09:45] {ese} god trading there hawk
[09:45] {ese} good!!
[09:45] {hawkfan4} thx es :)
[09:45] {ese} long AMGN
[09:45] {ese} 1/2
[09:46] {ese} .02
[09:46] {ese} out AMGN .24
[09:46] {ese} +.22
[09:46] {Threei} Short Setup: ADBE .50 breakdown if stays below .70
[09:47] {ese} hawk you still in....
[09:47] {hawkfan4} 1/4 out .20, stop .99 on last
[09:47] {hawkfan4} out
[09:47] {ese} nice
[09:47] {hawkfan4} thx, u2 es
[09:47] {dino} ice stopped -.40
[09:47] {ese} took your lead...tks for idea
[09:47] {hawkfan4} np
[09:48] {Threei} 24.45 is 52 week low for ADBE
[09:49] {Threei} invalidated for now but can become valid again if consolidates a bit closer to .50
[09:49] {lisa_jay} Very gerky movements this morning.
[09:49] {dino} sm l leco .10, stop .73
[09:49] {Threei} yup
[09:49] {Threei} about to trigger ADBE
[09:50] {Raven} beef gerky ?
[09:50] {dino} stopped, ouch, that was fast, sitting back
[09:50] {Threei} lost 52 week support
[09:51] {Threei} 1:1 ADBE, cover half
[09:51] {peterg} hmmmm
[09:51] {Threei} scalpers take full profit
[09:51] {Geo} out half .33
[09:52] {Threei} stop to above .50 for the balasnce
[09:53] {ese} by the way ....what were apples numbers anyone know?
[09:53] {Nemo} APPL forward guidance was very soft...surprise...
[09:54] {hawkfan4} 21-Oct-08 16:47 ET In Play Apple beats by $0.15, misses on revs; guides Q1 EPS below consensus, revs below consensus
[09:54] {ese} tks
[09:55] {Threei} uaua
[09:55] {dino} aapl, rimm green
[09:55] {ese} hmmmmmm$101.00 to $93.00 mild punnishment from the stree
[09:56] {Nemo} double bottom on rimm?
[09:56] {lisa_jay} JBLU
[09:57] {Threei} too far from there nemo... no chasing
[09:57] {Geo} out half adbe
[09:57] {Nemo} too old to chase
[09:57] {peterg} lucky
[09:57] {Threei} yeah, second half ADBE stopped about b/e
[09:57] {Threei} too bad, this one had potential to much bigger
[09:59] {dino} leco last try sm l .50, stop .13
[09:59] {dino} peter :)
[09:59] {hawkfan4} with ya dino .52
[09:59] {dino} ok, lets ride it
[10:00] {Threei} AUG HOUSE PRICE INDEX (M/M): -0.6% V -0.5%E
[10:00] {dino} cme rocking, watch ice
[10:00] {magoo} vad, news BIDU?
[10:00] {ese} the gods are always with you dino......should be no problem for you
[10:00] {Threei} not really
[10:00] {dino} i prefer lady luck
[10:00] {Threei} Merril lowered price target
[10:01] {magoo} to what?
[10:01] {Threei} 390
[10:01] {Threei} OFHEO'S LOCKHART: MUST PREVENT FORECLOSUYRES, FNM AND FRE WILL PURCHASE MORE MORTGAGES
[10:01] {ese} well then.......this is a clean board
[10:01] {hawkfan4} earnings last night mags
[10:01] {Threei} US) SEC'S COX: VOLUNTARY REGULATION DOES NOT WORK
[10:01] {dino} ice off of .00 sm l
[10:01] {Threei} hmmm?
[10:02] {dino} no trig
[10:02] {Threei} FDIC'S BAIR: RECENT ACTIONS ARE HAVING EFFECTS, AFFIRMS THAT FORECLOSURES MUST SLOW
[10:02] {Nemo} Yeah, I promise to lock myself up if I rob a bank
[10:02] {ese} done for the day all......early morning with a couple of meeting....see you tomorow.....
[10:02] {Threei} too much reassuring goes on
[10:02] {magoo} almost geeen here
[10:02] {hawkfan4} cya es
[10:02] {ese} see ya hawk
[10:02] {Threei} take care ese
[10:02] {ese} vad
[10:03] {dino} cya es
[10:04] {peterg} GE now at half of what genius me sold it for this summer
[10:04] {dino} ok, risky, ice trig, wide careful. want a buck
[10:05] {hawkfan4} ICE ..02 small
[10:05] {dino} need rimm aapl to join party imo, otherwise trouble
[10:06] {Threei} AMGN is determined
[10:06] {dino} aapl says fine dino
[10:06] {dino} hawk, careful ice violent pullbacks
[10:07] {hawkfan4} k, thx
[10:07] {dino} next time i start so early hawk, slap me
[10:07] {dino} i'm better at 9:50
[10:07] {hawkfan4} lol, u got it :)
[10:08] {dino} ok, fear/greed on both
[10:09] {Threei} market moved away from breakdown area
[10:09] {dino} close to yesterdays low 8335, maybe????
[10:10] {Threei} RIMM is back into lows
[10:10] {magoo} [10:07] {dino} next time i start so early hawk, slap me
[10:11] {magoo} slap me
06[10:11] * hawkfan4 slaps magoo around a bit with a large trout
06[10:11] * Geo slaps magoo around a bit with a large trout
[10:11] {magoo} i meant dino
06[10:11] * Geo hurts more
[10:11] {hawkfan4} :)
[10:11] {Nemo} easy on trout boys...cousins
[10:12] {Threei} RIMM .60 break long small shares
[10:12] {Threei} if stays above .30
[10:12] {dino} hawk, theres your buck
[10:12] {dino} ice
[10:12] {Nemo} cup and handle on nov?
06[10:13] * dino slaps magoo around a bit with a large trout
[10:13] {dino} lol nemo, how's dori
[10:14] {hawkfan4} beauty dino, 1/2 out .07 +1.05
[10:14] {Threei} invalidated
[10:14] {Nemo} left me for someone with bigger fins :(
[10:14] {dino} great job
[10:14] {Geo} well technically dori knew nemo's dad
[10:14] {Geo} but i am not nitpicking
[10:15] {Threei} RIMM starts looking like breakdown
[10:15] {Threei} lol, broke while I typed
[10:15] {lisa_jay} mixed emotions, chopping up down, up down
06[10:15] * dino slaps Geo around a bit with a large trout
[10:15] {Threei} very choppy, yeah
[10:16] {Threei} nervous market
[10:16] {Threei} Greenspan on TV
[10:17] {dino} it's his fault, but they treat him like a god
[10:17] {Threei} amazing isn't it
[10:18] {_Case} Triangle consolidations forming in SPY,QQQQ? (1-min charts)
[10:18] {Threei} can't place much signifinace in it, case
[10:19] {lisa_jay} uaua and cal selling off hard...dal could be next?
[10:19] {Threei} market doesn't really go with normal patterns today
[10:19] {Threei} if loses 9, lisa
[10:20] {lisa_jay} I tried to short at .13 with stop above .15...not available to short :-(
[10:20] {Threei} available here
[10:21] {Threei} UAUA sudden;y became unavailable
[10:21] {Threei} was yesterday
[10:22] {hawkfan4} available for me
[10:22] {Threei} market slowed down - is it Greenspan effect?
[10:22] {Threei} market used to fall asleep during his testimonies
[10:22] {_Bruce} fitb
[10:23] {Threei} VENEZUELA MIN: OPEC CUT WILL BE AT LEAST 1M/BPD, SEES TWO WAVES OF PRODUCTION CUTS
[10:23] {Threei} looking for breakdown bruce?
[10:23] {Nemo} Saudi response will be most important
[10:24] {hawkfan4} out rest ice +1.46, thx again dino
[10:24] {Threei} good one guys
[10:24] {hawkfan4} thx
[10:27] {dino} ngj hawk
[10:28] {_Bruce} possible break vad- actually thinking long bounce is higher probablility
[10:30] {_Bruce} l fitb 11 stop 6c
[10:31] {_Bruce} stopped fitb
[10:32] {Threei} market feels to be running out of gas again
[10:33] {Threei} Short Setup: ADBE .69 if stays below .85, half lot
[10:33] {Threei} invalidated
[10:33] {Threei} and markety changed its mind on a whim
[10:34] {Threei} am I hallucinating or PETS actually makes 52 week highs?
[10:35] {Threei} *EIA NATURAL GAS INVENTORIES: +70 BCF VS. +75 TO +80 BCF RANGE OF ESTIMATES
[10:35] {Threei} {UNG}
[10:38] {Chaeron} Good morning all. Sorry I'm late
[10:39] {Threei} chaeron :)
[10:39] {Threei} didn't miss much anyway
[10:39] {Geo} hey chaeron
[10:39] {Threei} listlesss market
[10:39] {Threei} Long Setup: AMGN .15 half lot
[10:39] {Threei} if stays above 55.90
[10:40] {hawkfan4} in .17
[10:40] {Threei} half out AMGN closer to .50, scalpers know what to do
[10:41] {Threei} out half
[10:41] {Threei} offer the balance above .70
[10:41] {Geo} .14 out .68
[10:41] {Threei} out in full
[10:41] {Geo} nice vad
[10:42] {Chaeron} beauty Vad
[10:42] {Threei} me? beauty?
[10:42] {Geo} just in time chaer !
[10:42] {Threei} careful chaeron...
[10:42] {Chaeron} missed it Geo
[10:42] {Geo} oh :(
[10:42] {Chaeron} I'm not THAT drunk Vad
[10:42] {hawkfan4} out full .15
[10:42] {Threei} lol
[10:42] {Threei} finally decent play
[10:42] {hawkfan4} beauty call, thx vad
[10:42] {Threei} welcome
[10:43] {dptl} out mgn +.30 and +1.00 ty
[10:43] {_Bruce} amgn ripping long
[10:43] {Threei} wow, out too soon
[10:43] {Geo} maaan
[10:43] {Geo} this one call washed out 2 stoputs
[10:43] {Geo} could have dome more
[10:43] {Threei} that's the idea, isn't it
[10:43] {Threei} keep stops tight
[10:43] {Geo} oh yeah
06[10:43] * Geo mumbles
[10:44] {dino} hawk leco on your own...
[10:44] {hawkfan4} UAUA .88 long, stop under .80
[10:44] {Threei} now, the luckiest one on this trade would be a trader who suddenly fell asleep for 5 minutes after entering
[10:44] {Threei} market got happy all of a sudden
[10:44] {magoo} huh..u wake me?
[10:45] {magoo} wow am i lucky guys
[10:45] {_Bruce} s aapl 98.25 50 c stop
[10:45] {Threei} lol magoo
[10:45] {dino} hey, is that original bruce?
[10:46] {_Bruce} you bet dino
[10:46] {Threei} gutsy short bruce
[10:46] {magoo} BRUCEEEEEEEEEE
[10:46] {Threei} don't oversit
[10:46] {dino} good to see you
[10:47] {_Bruce} out aapl +55 c
[10:47] {_Bruce} you too dino
[10:47] {Threei} beautiful one, wtg
[10:47] {_Bruce} thanx
[10:47] {_Bruce} lucky
[10:47] {Geo} wow twins
[10:47] {Geo} lol
[10:48] {dino} lucky, that a boy bruce
[10:48] {_Bruce} lol
[10:48] {_Bruce} better to be lucky and dumb
[10:48] {_Bruce} than smart and broke
[10:48] {Threei} than poor and at war?
[10:48] {_Bruce} that too
[10:49] {Threei} RIMM is still red
[10:49] {hawkfan4} stopped uaua
[10:49] {dino} okj hawk, out ice .80, +1.80
[10:49] {Threei} UAUA kind of lost it hawk
[10:49] {hawkfan4} sweet, nice dino
[10:49] {Threei} had too big of a run, needs rest
[10:49] {dino} had 2.25 but lost
[10:50] {hawkfan4} yep, tired
[10:50] {dino} like to see pullback to 68.50 area
[10:51] {hawkfan4} i'll be watching it
06[10:51] * _Bruce slaps magoo around a bit with a large trout
[10:51] {dino} thing's like pulp
[10:51] {Threei} APOL
[10:51] {Threei} too jumpy...
[10:52] {Threei} had an idea of long near 61
[10:52] {Threei} but thing teleports in seconds
[10:52] {magoo} 1 day we are going to get 600 up...just don't know when...we are riculously oversold
[10:52] {Threei} let's let APOL go, too jerky
[10:52] {Threei} we are mags
[10:53] {Threei} not to say we can't sell more
[10:53] {Threei} but rememner up days last week or two
[10:53] {magoo} not saying bull mkt...but c'mon...shorts win every day
[10:53] {Threei} those were the easiest money in a year
[10:53] {Threei} no even need to scalp, buy and hold for a few hours
[10:54] {Threei} pretty much looking forward to datys when market returns to this mode
[10:54] {Threei} days too
[10:54] {magoo} i know..and shorting here feels like suicide...but i would have produced great $$ all week'
[10:54] {Threei} actually, looking at chart right now
[10:54] {Threei} we pretty much may get it today
[10:55] {dino} fwlt sm l .00, stop lod
[10:56] {dino} yes today and a bit more tomorrow, perhaps monday too, then more death
[10:56] {Threei} very well could be
[10:57] {Threei} I won't even pretend I can foretell what this crazy market is going to do, lol
[10:57] {Threei} OK
[10:57] {Threei} Long Setup: NQ 1255
06[10:57] * Geo just acquired an 8 ball and polishing it
[10:57] {Threei} stop under 1250
[10:58] {Threei} Short Setup: QID into bounce, small shares
[10:58] {Threei} as close to 76.50 as you can get
[10:58] {Threei} yeah right QID says
[10:59] {Threei} here it is
[10:59] {Threei} if you got QID around .30-.40, stop above .60
[10:59] {Threei} cover half here
[10:59] {Threei} scalpers cover in full
[10:59] {Geo} NQ? target?
[11:00] {Threei} NQ half out into spike above .60
[11:00] {Threei} there
[11:00] {Geo} :)
[11:00] {magoo} vadd..at what level will buy programs trigger?
[11:00] {Threei} QID, who held balance feel free to cover in full under 75
[11:01] {hawkfan4} 1/2 out nq +10, thx vad
[11:01] {magoo} qqqq 33.50?
[11:01] {Threei} no idea mags
[11:01] {Threei} I haven't programmed them
[11:02] {Threei} QID gave over a dollar
[11:02] {dino} fwiw gap from yesterdays' open and tues. close, dji 9033
[11:03] {Threei} NQ hit 1:2 actually... missed that whilke messing with QID
[11:03] {Geo} yeah out
[11:03] {Threei} out in full?
[11:03] {Geo} TY
[11:03] {Threei} cool
[11:03] {Threei} welcome
[11:04] {Threei} DOW CEO: EQUITY MARKETS HAVE BECOME DISCONNECTED FROM REALITY
[11:04] {Threei} you don't say
[11:05] {Threei} btw, one comment for guests
[11:05] {Threei} when we make a call on NQ,
[11:05] {Threei} it's a general market read,
[11:05] {Threei} and if you don't play e-minis
[11:06] {Threei} you can follow the call with any of the stocks you have on watch IF that stock follows the market
[11:06] {Geo} back in black !!!
[11:06] {Geo} and then some
[11:06] {Threei} have a look at
[11:06] {Threei} RIMM
[11:06] {Threei} AAPL
[11:06] {dino} gj geo
[11:06] {Threei} ADBE'
[11:06] {Threei} DELL
[11:07] {Threei} they all did what NQ did
[11:07] {Threei} plaaying any oftehm you can follow the NQ/QID call
[11:07] {Threei} just identify entry point matching NQ trigger
[11:08] {Threei} if any questions about the concept, don't hesitate to ask
06[11:08] * Geo asks if he can have some more please
[11:08] {Threei} be back in 10 while you think about questions
[11:08] {Threei} real questions... not like one above {Grin}
[11:09] {peterg} what use for NQ?
[11:09] {Geo} for americans? biggest is taxation and lower costs and lesser reporting
[11:09] {Geo} and oh yeah leverage
[11:10] {peterg} anybody? I mean what index do you access & read for NQ, or am I missing the point?
[11:10] {magoo} qqqq
[11:10] {peterg} got thta, thks
[11:10] {magoo} i keep up minute chart all the time
[11:10] {magoo} cant trade without it
[11:11] {Geo} yup
[11:11] {dino} nihd blood
[11:11] {dino} i watch ndx
[11:12] {magoo} another good indicator of naz direction is aapl too peterg
[11:12] {lisa_jay} Magoo you have both nq and qqqq 1 min charts?
[11:12] {magoo} i use just qqqq
[11:12] {magoo} really helps
[11:13] {peterg} Lisa, you got nq?
[11:13] {lisa_jay} yes.
[11:13] {Geo} qqqq trades like NQ almost perfectly
[11:13] {lisa_jay} TOS charts.
[11:13] {peterg} tks
[11:13] {Geo} if you hav TOS watch NQ
[11:13] {peterg} TOS....?
[11:14] {lisa_jay} think or swim
[11:14] {peterg} lol
[11:14] {Geo} best platform ever for options
[11:14] {peterg} me just have laser
[11:14] {Geo} laser and IB here
[11:14] {peterg} International Bridge
[11:15] {peterg} Irritable Bowel
[11:15] {peterg} sorry
[11:15] {magoo} dino has cyber and BO
[11:15] {Geo} Interactive Brokers longterm and NQ only
[11:15] {Geo} hahahahaha
[11:15] {Threei} back
[11:15] {peterg} :)
[11:15] {magoo} smoke?
[11:15] {peterg} if so, what?
[11:15] {lisa_jay} Geo if not buys dcc?
[11:15] {Threei} lol
[11:15] {dino} out fwlt .40, +.40
[11:16] {Geo} sure
[11:16] {lisa_jay} sorry busy.
[11:16] {Threei} nice... our provincial govt cut income tax by 5% retroactive to beginning of 2008
[11:16] {Geo} wow
[11:16] {Geo} so canadians capitalist now?
[11:16] {Threei} good one dino, wtg
[11:17] {dino} i'm moving to canada. out idiots want to raise taxes in recession
[11:17] {Geo} my residency in canada expires this dec sniff
[11:17] {Threei} that was exactly what turned crash of 1929 and potential recession into depression
[11:17] {Threei} capital tax raise, isolationism
[11:18] {Chaeron} dino is Ireland a better choice?
[11:18] {dino} dk, i'm usa
[11:18] {Threei} trying to gauge if market is out of gas or just taking a breather here
[11:18] {dino} ice dropping
[11:19] {Threei} feels like small bounce and more drop for now
[11:19] {dino} right now 40% of americans pay no tax, and they want to raise it on ones paying
[11:19] {Geo} 40% really???
[11:19] {dino} y
[11:19] {Geo} man i feel overtaxed
[11:20] {dino} top 10% pay 50%
[11:20] {Threei} if materializes, watching DELL for short into bounce closer to 12.40
[11:20] {dino} to be in top 10% you only have to make $93k
[11:20] {Geo} and how much do they make?
[11:20] {Geo} 90?
[11:20] {dino} which today is not much
[11:20] {magoo} geo..i thought u were usa
[11:21] {Geo} ?
[11:21] {magoo} us citizen
[11:21] {Geo} nope
[11:21] {dino} all we do is lower the income level for "wealthy" and tax the sh#t out of them
[11:21] {Geo} Univ filed in 2003
[11:21] {Geo} still waiting behind the illegals
[11:22] {dino} class warfare in this election
[11:22] {dino} and my ranting is done for today
[11:22] {magoo} thank goddddddddd
[11:22] {Threei} lol
[11:22] {magoo} hes throwing stuff in my direction again vad
[11:22] {_Bruce} rant rant rant
[11:22] {_Bruce} fume fume fume
[11:23] {Threei} UPS
[11:23] {Threei} CFO: FORECASTS WORLDWIDE EXPORTS +5% IN Q4 - CONF CALL
[11:23] {_Bruce} what we need to do is strat taxing these low life day traders
[11:23] {_Bruce} specially guys like mags
[11:23] {dino} we already pay highest rates
[11:23] {dino} short term gains, then amt hits
[11:24] {Threei} FDIC'S BAIR: WILL SEEK TO CLOSE BANKS EARLY THAT MAY FAIL, WILL BE 'PLENTY' MORE
[11:24] {Threei} oh great
[11:24] {Geo} wow dino
[11:25] {Geo} i i get hit six ways to sunday.... pay SSN even if not eligible
[11:25] {Threei} US TREASURY'S KASHKARI: WILL DEPEND UPON REGULATORS IN DECISION MAKING PROCESS REGARDING WHICH BANKS TO TAKE EQUITY STAKES
[11:25] {Geo} consider it the price for being here myself
[11:25] {Threei} DELL didn't even try to bounce
[11:25] {Threei} too bad
[11:28] {dino} risky sm s ice .10
[11:28] {dino} stop .51
06[11:28] * laserdave1 slaps Threei around a bit with a large trout
06[11:28] * laserdave1 slaps Threei around a bit with a large trout
06[11:28] * magoo slaps Threei around a bit with a large trout
06[11:28] * Chaeron slaps laserdave1 around a bit with a large trout
06[11:28] * laserdave1 slaps Threei around a bit with a large trout
[11:28] {Threei} sigh
06[11:28] * laserdave1 slaps Chaeron around a bit with a large trout
[11:28] {Threei} relax guys
[11:28] {Threei} oh, that's actually what you are doing
[11:29] {Threei} Short Setup: ADBE 25 break if stays under 25.15
[11:30] {Geo} invalid?
[11:31] {dino} ice stopped cov -.43
[11:31] {Threei} for now, yes, but if consolidates here for a few again, and market resumes downward will be valid again
[11:31] {Geo} ok
[11:32] {dino} cedc sm l .80, stop lod
[11:33] {Nemo} just sittin' watchin' the paint dry...
[11:33] {Threei} valid again with market help
[11:37] {Threei} let's trail stop to above .10
[11:37] {Threei} just too unclear here, want to keep stop tighter
[11:38] {Threei} last bounce topped out at .05, so trailing to .10 is reasonable
[11:40] {Threei} die already ADBE
[11:40] {laserdave1} magoo dcc
06[11:40] * Threei smacks ADBE on the head with 2x4 endowed with rusty nails
[11:42] {Geo} half out .85
[11:42] {Threei} Attention: ADBE 1:1
[11:42] {Threei} half out, scalpers take profit
[11:42] {Threei} stop for the balance to just above 25
[11:42] {lisa_jay} 15c, thanks Vad.
[11:42] {Threei} welcome
[11:44] {_Dean} 2:1, Thanks Vad.
[11:44] {Threei} :)
[11:45] {Threei} 1:2
[11:45] {Threei} 1/4 out or cover in full
[11:45] {Threei} your choice
[11:45] {Threei} if keeping 1/4, stop to .91
[11:46] {Threei} ok, this I don't get:
[11:47] {dino} ice sm s .50, stop .01
[11:47] {Threei} Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.
[11:47] {Threei} ``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, said at a conference in London today. ``There will be massive dumping of assets,'' and ``hundreds of hedge funds are going to go bust,'' he said.
[11:47] {_Dean} 1:3 last half. ty .
[11:47] {Threei} good job Dean
[11:47] {Threei} explain to me please, what those funds are going to do if markets are closed
[11:47] {_Dean} All Hail Vad!
[11:47] {Threei} how do they liquidate?
[11:48] {Threei} or he means they won't?
[11:48] {Geo} they panic and dump when markets open
[11:48] {Geo} thus even worse
[11:48] {Chaeron} hmmm "sheer panic"... we're close to a bottom
[11:48] {Nemo} Vad the scalper...like Vad the impaler?
[11:48] {Threei} then what happens over this week to prevent dumping when it opens?
[11:48] {peterg} I will buy 1 million shares for .10c
[11:48] {Threei} lol nemo
[11:48] {Geo} thats what he was calle din high school
[11:48] {hawkfan4} Vad the Trouter
[11:48] {Geo} out
[11:48] {Nemo} How does one trout?
[11:49] {Nemo} I'm getting bad visuals
06[11:49] * Threei swears he never tells anyone where nicknames Enforceer and KneeCapSAhooter came from
[11:49] {Chaeron} Right click on nick you want to hit and select from drop down menu
[11:49] {Geo} 27 cents TY vad
[11:49] {Threei} welcome sir
06[11:49] * Chaeron slaps Nemo around a bit with a large trout
[11:50] {Threei} yeah... like that
[11:50] {Nemo} That's fratricide!!!
[11:50] {dino} ice stopped again,
[11:50] {peterg} nemo, thats this group for ya
[11:50] {peterg} also, can commit trout suicide
[11:51] {Threei} ``Systemic risk has become bigger and bigger,'' Roubini said at the Hedge 2008 conference. ``We're seeing the beginning of a run on a big chunk of the hedge funds,'' and ``don't be surprised if policy makers need to close down markets for a week or two in coming days,'' he said.
[11:51] {Threei} I feel like I am in some parallel universe
[11:52] {peterg} era ouy
[11:52] {Nemo} Those countries running to the IMF is just like running to the US. This is for reserve currency control
[11:52] {Threei} in the one I live in these things just don't happen
[11:54] {Threei} we all may have to move back to Kripton
[11:54] {Nemo} I'll lose my superpowers :(
[11:54] {peterg} Jor-el, where are you now?
[11:54] {Threei} should be easy transition for magoo, he is a Martian anyway
[11:55] {Threei} (RU) RUSSIAN PRESIDENT MEDVEDEV: RUSSIA HAS THE POTENTIAL TO AVOID BANKING AND CURRENCY CRISIS
[11:55] {dino} now ice falls, sheesh
[11:55] {Threei} Imo... THOSE THAT DO DON'T TALK LIKE THAT
[11:56] {Threei} oops, sorry caps
[11:56] {Nemo} That hurt my ears
[11:57] {Geo} yeah kashkari !!!
[11:57] {Geo} spreading the wealth
[11:57] {Geo} post the nes pls vad
[11:57] {Threei} Short Setup: UAUA .50 break if stays below .65
[11:57] {Geo} news
[11:57] {Threei} what news geo?
[11:58] {Geo} 8:56
[11:58] {Geo} TTN
[11:58] {Geo} [08:57] {Geo} yeah kashkari !!!
[11:58] {Geo} [08:57] {Geo} spreading the wealth
[11:59] {Threei} oh, lol
[11:59] {Threei} you confudsed me with time stamp
[11:59] {Threei} TREASURY'S KASHKARI: A 'FEW WEEKS' ARE NEEDED BEFORE THE NEXT SEGMENT OF BANKS ARE ANNOUNCED FOR PARTICIPATION IN TARP PROGRAM
[11:59] {Threei} - Will attempt to to have $250B in equity injections done by year end
[12:00] {Threei} it's 11:56 in trading world, you see
[12:01] {Geo} there is only one world
[12:01] {Geo} SoCal
[12:01] {_Muddleheaded} Vad, how to you manage $US/CDN exchange? Do you convert $US to $CDN every night?
[12:01] {_Bruce} mos looks weak - possible short - can be very volatile trader
[12:01] {Threei} no muddleheaded (what a nick, lol)
[12:01] {Geo} :)
[12:01] {Threei} money is in USD tading account
[12:02] {Threei} when I withdraw profits, I convert to CAD
[12:02] {Threei} sometimes waiting for a few days if I see chart as an opportunity to get a better rate
[12:02] {_Muddleheaded} Do you think the $CDN is oversold?
[12:03] {Threei} really no idea... was it oversold when exhcnage rate was around .60?
[12:03] {lisa_jay} uaua stil valid Vad?
[12:03] {Threei} yes lisa
[12:03] {Threei} see, CDN is pretty much petro currency,
[12:03] {Threei} commodity currency,
[12:04] {Threei} with commodities going into basement, it's no wonder CAD drops,
[12:04] {_Muddleheaded} That's for sure, thanks Vad.
[12:04] {Threei} then cycle starts:
[12:04] {Geo} booohoohoo
[12:04] {Threei} economy weaknes,
[12:04] {Geo} UAUA not available
[12:04] {Threei} BoC has to cut rates
[12:04] {Threei} which weakens CAD even more
[12:05] {Threei} and US economy is the basement which means sharp drop in non-oil related sectors in Canada
[12:05] {Threei} we see it in Ontario as we speak
[12:05] {Threei} so it's kind of triple whammy on CAD
[12:05] {Threei} UAUA 1:1
[12:05] {_Bruce} out mos + 42c
[12:05] {Threei} half out or take scalp
[12:06] {Geo} ?
[12:06] {Geo} laser didnt let me
[12:06] {Threei} no
[12:06] {Threei} but some may have it for short
[12:06] {Geo} i know
[12:06] {Geo} you in the superlicious secret group vad?
[12:06] {Threei} so I provide commentary for all, not limiting them to you only Geo... sorry
[12:07] {Chaeron} Geo thinks he's the center of the universe :)
[12:07] {peterg} he's not?
[12:07] {Geo} thats what you told me over beer chaeron !!!
[12:07] {Threei} well, I can't blame him, I think pretty much the same of myself
[12:07] {Chaeron} just wanted to make you feel good buddy :)
[12:07] {Threei} and it comes as a great surprise to me when I see people thinking otherwise
[12:07] {Geo} lol chaer
[12:08] {Geo} just wistfull about 20 cents thats all
[12:08] {Threei} amazingly enough, there are 7 billions of those
[12:08] {Threei} can you believe it?
[12:08] {_Bruce} rimm headiong to daily lows
[12:08] {Chaeron} I can't believe with as stupid as the human race is, we've reached 7B
[12:08] {Geo} hey magoo you there?
[12:08] {Threei} yeah, looking at RIMM for short at .50 break
[12:08] {Threei} would prefer some bounce first though
[12:09] {Threei} why chaeron... this I actually find easy to believe, considering how little smarts the process requiress {Grin}
[12:09] {Geo} really?
06[12:10] * Geo will go back in PG mode
[12:10] {lisa_jay} 22c on UAUA thanks Vad.
[12:10] {Threei} skipping RIMM short here
[12:10] {Threei} welcome lisa
[12:10] {Geo} damn
[12:10] {Geo} nice lisa
[12:10] {Threei} muddle... one more comment on CAD
[12:10] {lisa_jay} Thanks Geo.
[12:11] {Chaeron} thanks Vad... nice cancel notice... saved me big... -.08 only on RIMM
[12:11] {Threei} consider this market manner to overshoot reasonable targets
[12:11] {_Dean} out in full uaua 1st half 1:1 second half 1:2.5, second realitytrader trade both winnners
[12:11] {Geo} wierd spike
[12:11] {Threei} I was hesitant on it from get go chaeron
[12:11] {Threei} eread my first comment
[12:11] {Chaeron} I know... but you know I'm aggressive
[12:11] {_Muddleheaded} I guess everything is unreasonable now, thanks Vad.
[12:11] {Threei} beautiful Dean
[12:12] {Threei} right, that's what I mean
[12:12] {_Dean} thank you sir!
[12:12] {Threei} if fundamen tals say CAD should be where it is now (I don';t know if they are)
[12:12] {Threei} then market is very likely to overshoot it by moving much further in trend direction
[12:13] {Threei} just take a look at daily chart UAUA
[12:13] {Threei} the most fresh example
[12:13] {Geo} 15 res
[12:13] {Threei} frikin thing drops from about 14 to under 5
[12:14] {Threei} from 09/16
[12:14] {Threei} rallies from there to over 16
[12:14] {Threei} was there such drastic change of fundamentals over such short period of time?
[12:14] {Threei} this is state of utter confusion
[12:15] {Threei} and emotions-driven trading
[12:15] {peterg} you mean.....market is not unlike gambling?????
[12:15] {Threei} ummm
[12:15] {peterg} never mind
[12:15] {Threei} there are some analogies
[12:15] {peterg} kdg
[12:15] {Threei} but look at it this way
[12:15] {Nemo} yeah...gambling's one of 'em
[12:15] {Threei} no, it's a valid angle
[12:16] {Threei} there are gamblers that simply gamble
[12:16] {Threei} and there are those that watch faces
[12:16] {peterg} agree & like the emphasis on multiple perspectives
[12:16] {Threei} count cards
[12:16] {lisa_jay} I am one of them...
[12:16] {Threei} remember movie Rounders?
[12:16] {lisa_jay} Gambler that is
[12:16] {Nemo} and then there's the 3rd eye
[12:16] {Threei} amazing analogy between a good professional card player and trader
[12:16] {Nemo} Rounders...great movie
[12:17] {peterg} third ear from psychoanalyst Reik, i think
[12:17] {Threei} so, in a sense that a trader as a good gambler needs to know patterns,probabilities and read emotions, yes
[12:17] {peterg} Third eye--Hindu concept?
[12:17] {Nemo} shamanistic concept
[12:17] {peterg} I like tt
[12:17] {Threei} in a sense that trading is just like throwing aa dice and hoping... only if it's a bad trader :)
[12:18] {Nemo} goes back to Tungusia...yes, beard?
[12:18] {Threei} lol
[12:18] {Threei} never been there
[12:18] {Nemo} Nothin but mosquitos and kumis, and people w/no teeth
[12:18] {peterg} where?
[12:18] {peterg} Tungusia?
[12:19] {peterg} near Louisiana?
[12:19] {peterg} or Urals?
06[12:19] * Geo totally lost
[12:19] {Nemo} russian hinterlands north of china/mongolia
[12:19] {peterg} wos
[12:19] {Geo} ok
[12:19] {peterg} wow
[12:19] {dino} ugh ice, stopped my short by .20, then drops 2.30
[12:20] {Threei} market is back to a pattern of selling second half of the day
[12:20] {Threei} let's watch for bounces to short into
[12:20] {Threei} RIMM bounce into .60 - .70 resistance area
[12:21] {Threei} wow ADBE... did we cover early
[12:21] {Threei} or rather... why didn't we reshort bounce back into 25
[12:21] {Threei} anyway, nearest resistance is .65 - .70 area
[12:21] {Nemo} too busy chatting
[12:22] {Geo} i guess vads a good host
[12:22] {Threei} lame excuse but I'll take it
[12:22] {Geo} making polite conversatiopn
[12:22] {Geo} lol
[12:22] {peterg} some champagne with your shrimp, sir?
[12:22] {Threei} well, it's either that or vodka Geo...
[12:22] {Nemo} I missed skf turn...caviar please...
[12:23] {Nemo} vodka...ran out last night
[12:23] {Threei} ADBE topped out at .59
[12:23] {Threei} a bit too fast to catch it there
[12:23] {Threei} or someone managed?
[12:23] {Chaeron} was waiting in the 60s
[12:23] {Chaeron} beuty call tho
[12:24] {Threei} RIMM nowhere even closer to resistancer
[12:24] {Chaeron} beauty too
[12:24] {Threei} market edges toward that dreadful support to break again
[12:24] {Threei} see how pace picks up as we move toward it?
[12:25] {Threei} nervous players start liquidating
[12:25] {Threei} this starts feeling like self-fulfiling fear
[12:26] {peterg} wonder how this will end today
[12:26] {Threei} not pretty, my bet
[12:26] {peterg} feels like it
[12:27] {Nemo} what are the support levels?
[12:27] {Threei} for today, NQ 1220 to break to launch next wave of panic
[12:27] {Threei} and on daily, 1200
[12:28] {Nemo} is that CAD?
[12:28] {Threei} loss of that is likely to be a terrifying event
[12:28] {Threei} CAD?
[12:28] {Threei} no
[12:28] {Threei} NASDAQ e-minis
[12:28] {Geo} waiting at 19
[12:28] {Threei} QID
[12:29] {Threei} for those who don't trade NQ
[12:29] {Nemo} Ive got Nasdq at 1600 support...oops
[12:29] {Geo} wo
[12:29] {Threei} by NASDAQ you mean COMP?
[12:30] {Nemo} I'm only in the US and we speak the same language. I have NASDAQ, DJ, and S&P as basics
[12:30] {Geo} one lot coever at 15
[12:30] {Threei} NASDAQ is measured by diff indicators
[12:31] {Geo} other breakeven
[12:31] {Geo} a bit skittish
[12:31] {Threei} COMP is whole NASDAQ
[12:31] {Threei} NDX is NASADAQ 100
[12:31] {Threei} and what I use is NASDAQ 1-- e-minis,
[12:31] {Threei} which is NQ
[12:32] {Geo} all out 4 + 1 points
[12:32] {Nemo} don't know minis here
[12:32] {Geo} minis usually lead IMO nemo
[12:32] {Threei} right, that's why we prefer them as leading indicator
[12:32] {Geo} COMPX NDX is an aggregate taken after the fact
06[12:33] * Geo agrees
[12:33] {Threei} in terms on COMP, corresponding level to short was 1600,
[12:34] {Threei} and dreadful support on daily is 1545 roughly
[12:34] {Threei} 1540 - 1545
[12:36] {Threei} some have amazing knuck for stating the obvious, going even furter than mine:
[12:36] {Threei} (BR) PRESIDENT LULA: THE IMPACT OF THE GLOBAL CRISIS MAY BE "PARTICULARLY SEVERE"
[12:36] {Threei} no really?
[12:36] {Geo} TY vad
[12:36] {Geo} crawled back and hit daily
[12:36] {Threei} cool beans
[12:37] {Geo} rimm
[12:38] {Threei} market is torn between "oanic" and "don't panic"
[12:41] {dino} this market feels bad, imo
[12:41] {Threei} OK, panic
[12:41] {dino} feels like 7900 coming again
[12:42] {Threei} NASDA is about to revisit yesterday's low
[12:44] {Threei} if NASDAQ reverses back down, look to short ADBE wih stop above .50
[12:45] {Threei} if NQ goes above 1223, panic is canceled for now
[12:46] {Threei} postponed to be exact
[12:46] {Geo} :)
[12:49] {Threei} Short Setup: ADBE .39 if stays below .50
[12:51] {Threei} come on market give up... time to panic
[12:51] {Threei} ugh
[12:51] {dptl} stopped
[12:52] {Threei} yup
[12:52] {Geo} out .52
[12:52] {Threei} most likely just a shakeout but not going to take any chances
[12:52] {Threei} anything is possible in this environment
[12:53] {Threei} keep stops tight and keep them religiously
[12:54] {_Dean} Still in ADBE from .39
[12:54] {dptl} valid again?
[12:54] {Threei} don't know dp
[12:54] {Threei} no rhyme or rythm here
[12:55] {Threei} I like easy money
[12:55] {Threei} this is not
[12:58] {Threei} Dean wins
[12:59] {_Dean} Not yet risked 15 cents.
[13:00] {_Dean} out in full
[13:00] {Threei} just in time
[13:00] {_Dean} thank you sir!
[13:01] {Threei} welcome
[13:01] {Threei} really feels no matter how much market is trying. panic selloff is inevitable
[13:01] {_Dean} 3 realitytrader trades 3 wins! can't beat that!
[13:02] {magoo} feels like 500 down today
[13:02] {Threei} and on one of them you did better than we did, lol
[13:02] {Threei} mags, then look for QID entry
[13:02] {_Dean} lol
[13:03] {Threei} here we go... inching toward yesterday's low
[13:03] {Threei} broke
[13:03] {Threei} 1200 is within spitting distance
[13:05] {dino} gj dean
[13:05] {Threei} next wave of selling should take us into 1200,
[13:05] {Threei} little bounce
[13:06] {Threei} then breakdown and wave of red all over
[13:06] {_Dean} thank you dino
[13:06] {Threei} FHFA'S JAMES LOCKHART: THE FOCUS SHOULD BE ON GETTING THE GSES OUT OF CONSERVATORSHIP
[13:06] {Threei} {FRE FNM}
[13:06] {Threei} hmmm
[13:06] {Threei} can they do that?
[13:08] {Threei} bounce just like yesterday
[13:08] {Threei} don't trust it yet
[13:09] {Threei} CALIFORNIA MORTGAGE DEFAULTS DOWN 22.5% SEQUENTIALLY, BUT UP 30% Y/Y - DATAQUICK
[13:13] {Nemo} adbe getting off the mat??
[13:13] {Threei} just follows the market
[13:15] {Threei} still can't tell if we are off the hook for today or it's just a small bounce before swan dive
[13:16] {Threei} if we consoidate a little between 1215 and 1220 and break 1220, relief rally is likely
[13:16] {Nemo} Nahhh...it's a big, barbed, hook...and we ain't talkin' trout hook
[13:16] {Threei} broke 1220
[13:16] {Threei} not much of consolidation though
[13:19] {Threei} watching LVS
[13:20] {Threei} pullback buy with .50 support
[13:20] {Threei} if market sighs with reliefe, likely to go over 9
[13:21] {dino} wow lvs 150 to 8
[13:21] {Threei} took .58-.61
[13:21] {Threei} uhhu
[13:22] {Threei} there is a lot of bathwater around but I am sure there are some soapy slippery babies too
[13:22] {dino} pretty amazing, dropping stocks 20-30%/day
[13:23] {Threei} most incredible thing is,
[13:23] {Threei} it continues over and over again
[13:24] {dino} thats the amazing part.
[13:25] {dino} ironically all of the buybacks by companies are losers too. they should have gotten rid of debt, not bought back stock 2x-5x higher
[13:25] {dino} what a waste
[13:25] {Nemo} buy backs were signals to get out
[13:25] {dino} yes
[13:25] {Nemo} signals for insiders...that is
[13:26] {Threei} low volume pullback
[13:26] {dino} bunch of idiots. retire debt not buy stock....or give it to shareholders
[13:26] {dino} wasted trillions
[13:26] {Threei} now, if we are holding above 1210 and go back over 1220, we are out of the woods for the day
[13:26] {Threei} lose 1210, all bets are off
[13:26] {dino} 8800 on dji recent resistance
[13:27] {Nemo} they did give it to shareholders who turned in their stock
[13:27] {dino} 8335 recent support
[13:27] {dino} lost me nemo
[13:27] {Threei} OPEC PRESIDENT KHELIL: THERE IS NO CONSENSUS ON HOW MUCH OPEC SHOULD CUT
[13:28] {Threei} and when they cut there won't be consensus who actually cuts and who continues pumping like there is no tomorrow
[13:28] {dino} but heres' ge that reat company that everybody praises jack welsh about. bought back couple billion at 35
[13:28] {dino} plus jack put them in the mess
[13:28] {Threei} IMF OFFICIALS DENY RUMORS OF A TOTAL AMOUNT OF $1.0T FACILITY
[13:28] {Nemo} If you were a financial insider, you knew the feces were about to hit the ventilator
[13:29] {Nemo} You offer a buyback at the top of the market, contact wealth managers at the largest firms, and your largest shareholders, and tell them to sell
[13:30] {dino} it sure looks that way
[13:30] {dino} and then of course, blame the shorts
[13:30] {Nemo} nope
[13:31] {Nemo} naked shorting is another story...it's fractional reserve selling
[13:31] {lisa_jay} Vad, long LVS stop still under .5
[13:31] {Threei} yup
[13:31] {dino} my point, the shorts were right
[13:31] {Threei} NQ lost 1210
[13:31] {Threei} not good
[13:32] {Threei} stopped LVS'
[13:32] {dino} another leg down coming
[13:33] {Threei} CNN: election result impact on market
[13:34] {Threei} ADBE breaks day low
[13:37] {Threei} 1200 scares the hell out of market
[13:37] {Threei} tries to move away from it
[13:37] {Threei} then comes back like rabbit ti a snake
[13:38] {dino} jumping 70 pt in minute
[13:38] {Threei} amazing
[13:38] {dino} that used to be a day
[13:40] {Threei} usually this kind of abnormal volatility signalled trend reversal
[13:41] {Threei} yet who will risk to say ultimate bottom is in
[13:41] {dino} bruce will
[13:42] {_Bruce} tough call dino - still thinking down though
[13:42] {dino} you don't want to know what i'm thinking
[13:43] {_Bruce} lol
[13:43] {Threei} coarse languagem vioelnce and nudity?
[13:43] {Threei} only in better typing
[13:43] {Threei} OK... feels like we are more likely to put relief rally on
[13:44] {dino} aapl green
[13:44] {Threei} ADBE long on this pullback
[13:44] {Threei} .15
[13:44] {Threei} half lot
[13:45] {Threei} stop under 24
[13:45] {dino} hope you're right 3i. my gut says -500 today
[13:45] {Threei} not a scalp for me
[13:45] {Threei} looking to sell closer to .50
[13:46] {Threei} stop is tight enough dino...
[13:46] {Threei} this kind of trades with this riskm we are taking every day many times
[13:48] {Threei} market is defending this support with all the fury of mama bear
[13:48] {Threei} hunters are circling though, lol
[13:48] {Geo} heheh excellent commentary vad
[13:49] {Geo} out
[13:49] {Threei} ADBE holding by the tread
[13:51] {Threei} market looks into abyss and backs away from it... then comes back with scared curiosity
[13:51] {Nemo} are you out?
[13:51] {_Case} Feels like sell programs are drawing descending triangles.
[13:51] {magoo} back
06[13:51] * _Bruce slaps magoo around a bit with a large trout
[13:51] {_Case} I've witnessed this on Bailout Friday
[13:51] {Threei} ok, out ADBRE
[13:51] {magoo} nice..i miss that bruce
[13:51] {_Bruce} aapl at lows
[13:52] {Threei} 1200 is tagged
[13:52] {_Case} Watched the texbook collapse... but stayed in... thinking it's a fade...
[13:52] {_Case} Only to regret on Crash Monday
[13:53] {Threei} shakeouts all arounbd'
[13:53] {Threei} no bounce, no breakdwon
[13:53] {magoo} vad 1200 correspondes to where on qqqq 29?
[13:55] {Threei} just under 29.50
[13:56] {Nemo} RIMM: steady uptrend since 12:30
[13:56] {_Bruce} -500 dino?
[13:56] {hawkfan4} geesh, JASO 4.75, ESLR 2.52, SOLF 5.54. Where have all the good times gone?
[13:56] {_Bruce} lets borrow vads money and short the hell out of market
[13:57] {Threei} his projection for DJI Bruce
[13:57] {Threei} look at CSIQ hawk
[13:57] {Threei} can you believe this price?
[13:58] {hawkfan4} sad, so sad. they were such good friends too
[13:59] {hawkfan4} DRYS 17.70 and looks like it's headed to single digits
[14:01] {dino} lod
[14:02] {dino} 8335
[14:02] {dino} breaking
[14:02] {Threei} here comes dreadful breakdown
[14:02] {dino} oh oh, 8200 then capit 7900
[14:03] {_Bruce} halloween havoc
[14:03] {Threei} totally
[14:03] {Threei} panic ensues
[14:05] {_Bruce} 25 is low for q's - not quite there yet
[14:05] {Threei} strong magnet
[14:05] {Threei} bounces are meek
[14:06] {_Bruce} meek - you talkin market or magster?
[14:07] {Threei} watch NQ for short around this level
[14:07] {Threei} and QID for long
[14:07] {Threei} very hard to assign exact numbers
[14:08] {Threei} if you get a feel, go for it, if not just sit it out
[14:09] {Threei} if dino is right and we headed for -500, QID goes for 86 or more
[14:10] {dino} lol
[14:11] {Threei} -200 so far
[14:11] {Threei} and ticking
[14:12] {Threei} here we go, next leg
[14:13] {Threei} who went for QID half out here
[14:13] {magoo} me
[14:13] {magoo} .12
[14:13] {Threei} 84.12?
[14:14] {magoo} yes
[14:14] {Threei} good job
[14:14] {Threei} sell half, put the rest for sale closer to 86
[14:14] {Threei} close your eye and pray
[14:14] {Geo} out NQ 86.50
[14:14] {Threei} from?
[14:14] {Geo} 8 points on one
[14:15] {Geo} 94.5
[14:15] {_Bruce} l aapl 93.16
[14:15] {Geo} stopped second
[14:15] {Geo} was trailing :(
[14:15] {magoo} out qid ty
[14:16] {dino} gj
[14:16] {Geo} 10 points total
[14:17] {dino} beauty
[14:17] {lisa_jay} Magoo, what was your entry and exit on QID? Thanks.
[14:17] {_Bruce} out half aapl +.42
[14:17] {Geo} nice bruce
[14:18] {Geo} thanks dino
[14:18] {Geo} looks like i had a tight stop
[14:18] {dino} ok, half way therendx, comp new 52 week lows
[14:18] {dino} there, ndx
[14:19] {Threei} Geo... you know you can't trail NQ as you do stocks
[14:19] {Geo} yeah :(
[14:19] {Geo} will try some more on sim
[14:19] {Threei} here come 86 QID
[14:20] {magoo} dino gonna get his 500
[14:20] {Threei} out .70
[14:20] {magoo} beauty vad
[14:20] {Threei} close enough
[14:21] {Threei} NASDAQ COMPOSITE TESTS SEP 10TH LOW
[14:21] {magoo} 86 prints
[14:21] {Threei} lol
[14:21] {Threei} we know
[14:21] {Threei} btw, mags
[14:21] {Threei} about your QID entry
[14:21] {Threei} that was breakout
[14:21] {Threei} which is not usually a the best way to play this beast
[14:22] {Threei} its volatility gives a lot of severe pullbacks
[14:22] {Threei} it's usually better pley on those
[14:22] {Threei} play too
[14:22] {magoo} ewhere u get in vad?
[14:23] {Threei} whenit pulled back to about 85.20 or so, I got it at 83.60
[14:23] {Threei} to 83.29, sorry
[14:23] {Threei} ok, everyone's blood pressure is normal?
[14:24] {Threei} historical events continue
[14:25] {Threei} truly, this is stuff to tell your grandkids about
[14:25] {Geo} so you telling em tonight vad?
[14:25] {Threei} who?
[14:26] {Geo} [11:25] {Threei} truly, this is stuff to tell your grandkids about
06[14:26] * Geo ducks
[14:26] {Threei} careful
[14:26] {Threei} trout is unholstered
[14:26] {magoo} trout?
06[14:26] * Geo slaps magoo around a bit with a large trout
[14:26] {Geo} this one
[14:27] {Threei} hmm.. preventive trout?
[14:27] {Geo} i thought he asked
[14:27] {Geo} hmmm nice pullback
[14:27] {_Bruce} exited balance of aapl +.38
[14:27] {Threei} wtg
[14:28] {Geo} we miss ya bruce !!
[14:28] {Threei} chart wise, this bounce is asking to be shorted
[14:28] {_Bruce} thanx vadster
[14:28] {_Bruce} lucky
[14:28] {Threei} but honestly speaking
[14:28] {Threei} I'll stay away for now
[14:29] {_Bruce} I trade like dino now - if the thing isn't going to move a buck whey even look at it?
[14:29] {Nemo} When is the crash scheduled for today?
[14:29] {Threei} dino is intervening into my teritory now Bruce...
[14:30] {Threei} trades a lot of 15-30 cents play
[14:30] {Geo} thats just wrong
[14:30] {Threei} si as a countermeasure I play more of $1 moves
[14:30] {_Bruce} lol
06[14:30] * _Bruce slaps dino around a bit with a large trout
[14:30] {Threei} it's already here Nemo... it's just a mini-crash
[14:31] {Threei} for now at least
[14:31] {Nemo} Nahhhh...we're still in the range for today
[14:31] {Threei} sensitivity has changed greatly
[14:31] {Threei} -250 is nothing these days
[14:31] {dino} lol bruce
[14:32] {Threei} we bat eye at -500
[14:32] {Threei} -700, OK, that's crash
[14:32] {dino} yes, but 552 range
[14:32] {dino} unfortunately, normal too
[14:33] {_Bruce} taking break here
[14:34] {Threei} day was pretty much around flat for me before this last drop... some stops, some winds, mostly balancing each other
[14:34] {Threei} then this QID play took in black sharply
[14:36] {Threei} 1200 break NQ is scary long signal
[14:36] {Threei} for strong hearts only
[14:37] {Threei} 29.50 QQQQ corresponding level
[14:37] {Threei} 83 short QID corresponding level
[14:38] {Geo} stop for NQ pls vad ?
[14:38] {Threei} under 95
[14:38] {Geo} yeah was afraid of that :(
[14:38] {Threei} target about 1215
[14:40] {Geo} 1:1 one lot out
[14:41] {Threei} what can you do Geo, this is price of volastility
[14:41] {Geo} i banked with heavy heart
[14:41] {Geo} TY
[14:41] {Threei} QID reached almost dollar profit, then bounced all the way back into trigger
[14:41] {Threei} it happens so fast on these moves, you just need to react on it rather than wait for a call
[14:42] {Geo} yeah
[14:42] {Threei} QQQQ hit .65
[14:42] {Geo} in 1200:50 out 1206
[14:42] {Threei} least effective of all of them leverage wise
[14:43] {Threei} bounce from here again
[14:44] {Threei} got 94 or so?
[14:44] {Threei} they tage levels and jump of them faster than I can type
[14:48] {Nemo} figures...quick 10 minutes away...sheesh
[14:49] {Geo} hmm Goldman leaying off 10%
[14:49] {Geo} about 3500
[14:52] {Threei} unclear here...
[14:53] {magoo} seems to easy to sell off into last hour again...but thats what been doing
[14:54] {Threei} feels more like down but not enough confidence for play
[14:56] {Threei} ok, working assumption is, one more little bounce and down again
[14:57] {Threei} QID around 84.50 is probably long
[14:57] {Geo} that was fast
[14:58] {Threei} got .56, looking to exit for about $1
[14:59] {Threei} sheesh
[15:00] {Geo} wow
[15:00] {Threei} stopped for -.15
[15:00] {Threei} too greedy
[15:00] {Nemo} Ti To
[15:00] {Threei} as if 70 cents was not enough, lol
[15:00] {lisa_jay} Vad, what kind of stop do you give for a volatile stock like QID? Thanks.
[15:01] {Threei} originally about 30 cents
[15:01] {Threei} but tightenting it as it nmoves
[15:03] {Threei} looks like line in sand is drawn for todsay
[15:03] {Threei} higher low
[15:04] {Threei} look for entry on pullback
[15:04] {Threei} NQ around 1195
[15:04] {magoo} too bad this mkt wouldn't go green 300
[15:05] {Threei} QQQQ around .37
[15:05] {magoo} mess up the shotrts
[15:05] {Threei} like clockwork
[15:05] {Threei} got NQ anyone?
[15:05] {Threei} or Qs?
[15:05] {Geo} no
[15:06] {Threei} come on... gave you exxact number this time
[15:06] {Threei} and it was hit perfectly
[15:06] {Threei} 11 points NQ
[15:06] {Threei} in one gasp
[15:06] {Geo} :(
[15:06] {Threei} 30 cents Qs
[15:06] {Threei} anyone??
06[15:07] * Threei removes himself to a very remote monastery
06[15:07] * Threei removes himself to a very remote monastery in Tibet without wi-fi
[15:07] {Geo} tivo?
06[15:07] * Threei removes himself to a very remote monastery in Tibet without wi-fi, Tivo but preferrably with strictly female personal
[15:08] {Chaeron} strick female personnel?
06[15:08] * Geo sending logs to the lady with the frying pan
06[15:08] * Threei cuts off Internet and burns down mailbox
[15:09] {Chaeron} drys
[15:09] {Geo} sniff NQ..... why did you leave without me?
[15:09] {Geo} 20 points
[15:09] {Threei} relief rally mode
[15:09] {Threei} pullbacks are for entry
[15:10] {Threei} pullbacks are likely to be severe
[15:10] {Threei} don't jump in on slight correction, wait for sharp down
[15:10] {Threei} Qs over 60 cents jump
[15:10] {Threei} and no takers
[15:10] {Threei} you guys...
[15:11] {Chaeron} a bit nervous... hesitant
[15:11] {Chaeron} and then, bam... too late
[15:11] {Geo} same here
[15:11] {Chaeron} more of psychological part of your training... not mechanical... important
[15:15] {Threei} oullback is likely here
[15:16] {Threei} Qs to about .60-.70
[15:16] {Threei} NQ to about 1210-1212
[15:17] {magoo} needs to reverse quick
[15:19] {Threei} one more leg down probably
[15:19] {Threei} very quick
[15:20] {Threei} entry time
[15:20] {Threei} in Q
[15:20] {Threei} .60
[15:20] {Threei} stop under .50
[15:21] {Threei} 1:2 in a hurry
[15:21] {Threei} out .78
[15:22] {Threei} anyone this time?
[15:22] {lisa_jay} .20 thanks Vad.
[15:22] {Threei} whew... no, thank you
[15:22] {Threei} a bit too soon out
[15:22] {Threei} but heck
[15:23] {lisa_jay} :-)
[15:23] {lisa_jay} I got .61 as entry, what would be the exit.
[15:23] {lisa_jay} Sorry - stop?
[15:23] {Threei} [15:20] {Threei} stop under .50
[15:23] {lisa_jay} Most are probably in the trade still.
[15:23] {lisa_jay} Thank you.
[15:24] {Threei} hmmm... thought of it of just a bounce scalp
[15:24] {Threei} underestimated market's eagerness to recover some
[15:25] {Threei} stuill pretty nervous out there
[15:25] {Threei} look how sharp pullbacks are
[15:25] {lisa_jay} yes.
[15:26] {dino} i'm using 8200-88 range for now.
[15:27] {dino} patience, your thoughts?
[15:28] {Threei} frankly, while I do appreciate these wide rane relatively fast days... today is too fast
[15:28] {Threei} hard to call things in time
[15:28] {Threei} have to almost type and lcik my entries at the same time
[15:29] {dino} yeah, i sat aside afternoon. too wierd
[15:29] {Geo} you need a typing monkey vad
[15:29] {Threei} I have a cat who walks on keyboard
[15:29] {Threei} will it do?
[15:29] {Geo} nope
[15:30] {_Dean} doing just fine until i had chicken for lunch
[15:30] {lisa_jay} Trust me...pets or kids only add to distractions.
[15:30] {Threei} let's try... come here george
[15:30] {Threei} cijfguy sjrha;aw9ugjd
[15:30] {Threei} makes sense?
[15:31] {Threei} OK, cat is out
[15:31] {Threei} this drop I don't like
[15:31] {Geo} today was tiring and wierd
[15:32] {Threei} violated upward channel
[15:32] {dino} could be the classic eod selloff
[15:32] {dino} go for lows or more
[15:32] {Threei} not buying this pullback for sure
[15:32] {Threei} this is not a pullback anymore
[15:32] {Threei} rather attenot to reverse the tren on 1 min
[15:33] {Threei} attempt
[15:33] {Threei} trend
[15:33] {Threei} lol
[15:33] {Threei} Geo... monkey would do better, I'll have to admit
[15:33] {Geo} :)
[15:34] {Threei} don't smile at me... you should be objecting, consoling, saying things like "no way, you are still better than monkey"
[15:34] {Geo} sheesh
[15:34] {Threei} lol
[15:34] {Geo} youre the best vad
[15:34] {Threei} great, now monkey feels deeply offended
[15:35] {Threei} OK, let's see if this bounce is short
[15:35] {Geo} man my head hurts from the psychedelic LII colors
[15:35] {Threei} Qs about .75
[15:35] {Threei} first weakness from here
[15:36] {Threei} in .74
[15:36] {Threei} stop .81
[15:37] {_Dean} in Q's .74 short
[15:37] {Threei} nervous jumping, not likeing it
[15:38] {Threei} prefer more smooth trades
[15:38] {Threei} out .65
[15:38] {Geo} half out
[15:39] {Threei} better now
[15:39] {Geo} 1/4 out
[15:39] {Threei} 1: alot
[15:40] {Threei} feel free to cover as you see fit
[15:41] {Geo} all out .51
[15:41] {Threei} too jumpy for my taste
[15:41] {Threei} I am a lazy tyoe, I hate struggling
[15:41] {Threei} profits must come easy
[15:42] {Threei} Dean?
[15:42] {Threei} you covered?
[15:44] {Threei} I find it hard to believe SLW price
[15:44] {_Case} Indeed.
[15:45] {Threei} you know what
[15:45] {Threei} it could be worth taking some overnight
[15:45] {Threei} stop under 3.30
[15:45] {_Case} It's almost at its IPO
[15:45] {_Dean} ou...
[15:45] {Threei} if today's bounce gets any continuastion tomorrow, it's very likely to get back to 4 at least
[15:46] {dino} what the?
[15:47] {Threei} lol
[15:47] {Threei} let me finish your sentence as Stewie would: What's the deuce??
[15:47] {hawkfan4} lol
[15:48] {Geo} wow dow +100
[15:48] {Geo} whats he range today?
[15:48] {dino} 8243-8795
[15:49] {Geo} nice
[15:49] {Threei} one of those near-extraordinary days
[15:49] {Threei} rally, sharp breakdown, new lows, rally again
[15:50] {Threei} all happening with lightning speed
[15:50] {Threei} I believe we handle it col-bloodedly enough (if that's a word)
[15:51] {Threei} hopefully tomorrow we get more of clear direction and a bit more manageable speed
[15:51] {Threei} and if not, our approach is the same:
[15:51] {_Dean} knocked over my bottle of gin...actually picked up +28 pts on QQQQ trade...4 for 4 today.
[15:51] {Threei} tight stops, reading things as they come, being easy to change the opinion
[15:51] {_Dean} Thanks Vad!
[15:51] {dino} gj
[15:51] {Threei} great job Dean
[15:51] {Geo} nice dean
[15:52] {Chaeron} nice one dean... and gin? must be Dean Martin
[15:52] {_Dean} Thanks guys!
[15:52] {Threei} if any of guests get any questions for tomorrow, prepare them and don't hesitate to ask
[15:52] {_Case} Thanks Vad
[15:52] {_Dean} have to stop drinking out of the bottle.
[15:52] {Threei} case :)
[15:53] {Threei} not taking any more trades today
[15:53] {Threei} took SLW overnight
[15:53] {Threei} unless it goes to 4 today, lol
[15:53] {_Case} Wouldn't surprise me :-)
[15:53] {Threei} lol, no kidding
[15:53] {Threei} any questions so far guys?
[15:53] {Threei} gals?
[15:54] {dino} dean's worse than magoo, at least he waits until 3:30 to crack a beer
[15:54] {Threei} lol
[15:55] {_Dean} enjoying every minute of it too....
[15:55] {dino} :)
[15:56] {_Case} FXE smells of USD reversal, if it occurs overnight I guess we get Vad's SLW target price at premarket
[15:56] {_Dean} dino.)
[15:56] {Threei} I won't mind
[15:56] {Threei} nothing's sweeter than to start day with +.50
[15:56] {_Case} :-)
[15:57] {Threei} and with about 15 cents risk... shrug
[15:57] {Threei} Ok guys, thank you all
[15:57] {Threei} have a great evening
[15:57] {_Case} Thanks are ours Vad
[15:57] {Threei} see you all tomorrow
[15:57] {_Case} For sure
[15:57] {_Case} and also Monday :-)
[15:58] {Threei} if there is Monday
[15:58] {Threei} interventionists may just cancel it
[15:58] {Threei} or whole October
[15:58] {_Case} Good point.
[15:58] {Threei} or whole fall
[15:59] {magoo} TY vad
[15:59] {_Case} Thanks everybody. It was fun. See you
[16:00] {peterg} bBye aalll
[16:00] {dptl} have a good evening all
[16:01] {_Dean} Thank you everyone!
[16:08] {dino} take care

Wednesday, October 22, 2008

Oct 22 2008

The room is now open. Feel free to connect any time. Connector is at http://www.realitytrader.com/rtc.exe , any username and password will do.

Talk to you tomorrow!

Session Time: Wed Oct 22 00:00:01 2008

[08:20] {_eliaun} Good Morning all
[08:20] {Threei} Good morning
[08:21] {_eliaun} a lot of trouts were hit yesterday
[08:21] {Threei} that's how we express happiness
[08:21] {Threei} unhappiness
[08:21] {Threei} appreciation of other human being
[08:22] {Threei} lack of such
[08:22] {Threei} and any other emotion or absence of it
[08:22] {Threei} what can I say... we are limited in our ways of explressing
06[08:24] * Threei slaps magoo around a bit with a large trout
[08:24] {Threei} and here is practical illustration
[08:25] {magoo} morning lol
[08:25] {Threei} :)
[08:25] {magoo} they keep changing rules vad...they halted AAPL before call last night..never halted before
[08:26] {Threei} not really true
[08:26] {Threei} AAPL was being halted before earnings announcement regularly
[08:26] {Threei} they stopped doing thatg for a while
[08:26] {Threei} now resumed that practice, but I remember it happening from 1997
[08:26] {Threei} probably by company request
[08:30] {magoo} that does it......................
06[08:30] * magoo slaps Threei around a bit with a large trout
[08:30] {Threei} NWA
[08:30] {Threei} REPORTS Q3 -$1.20 V $0.25E
[08:33] {Threei} - The reported results include a $410 million non-cash charge associated with marking-to-market out-of-period fuel hedges as required by Statement of Financial Accounting Standard (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities.
[08:34] {lisa_jay} Good morning.
[08:34] {Threei} lisa :)
[08:35] {Threei} I guess airlines got hit badly by fuel hedging
[08:36] {Threei} this incredible volatility in oil prices makes business planning tough
[08:38] {magoo} vad, do u know if our hard stops do not work afterhours?
[08:38] {Threei} no idea
[08:38] {Threei} I barely ever use them during market hours
[08:38] {magoo} i know
[08:38] {Threei} let alone after :)
[08:48] {lisa_jay} Vad, when you talk about aggressive entries (like ADBE) with sharp spike in NQ, what specifically should i be looking for.
[08:48] {lisa_jay} Thank you.
[08:49] {Threei} let's start with defining aggressive entry
[08:50] {lisa_jay} ok.
[08:50] {Threei} http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html
[08:51] {lisa_jay} I did read that article.
[08:51] {Threei} from here,
[08:51] {Threei} instead of waiting for the setup with a certain trigger
[08:51] {Threei} you use general market as leading indicator (in a case of a stock that does follow the market)
[08:52] {Threei} and when market changes direction, you grab your stock - providing there is a delay that gives you a window of opportunity
[08:54] {lisa_jay} What exaclty constitues a sharp spike, vs just market movement. Also what settings for you nq (to set my charts to the same thing).
[08:54] {Threei} 1 minute chart
[08:55] {Threei} what constitutes sharp spike... well, it's a matter of observation
[08:55] {Threei} sudfden move, big enough and fast enough
[08:55] {Threei} merely 1-2 points uptick is not really it
[08:56] {lisa_jay} Ok, thank you.
[09:00] {lisa_jay} SNDK ouch...Samsung pulls deal.
[09:10] {dptl} good morning all
[09:10] {Threei} DELL is scaringly close to 52 week low
[09:10] {Threei} dp :)
[09:12] {Onix} Good morning all
[09:12] {Threei} Onix :)
[09:13] {Threei} if we get market drop and DELL forms a range close enough for a reasonable stop, break of 12.27 should serve as a short trigger
[09:14] {Threei} most likely a scalp
[09:22] {hawkfan4} good morning
[09:23] {dino} gm, running late, just sold the foreclosure flip
[09:23] {Threei} hawk, dino :)
[09:25] {Geo} gm all
[09:26] {dino} going to fill the fri close -mon. open gap
[09:26] {Threei} geo :)
[09:30] {ese} morning
[09:31] {Threei} ese :)
[09:31] {Threei} Long Setup: NUAN half lot 10.05
[09:31] {Threei} if stays above 9.90
[09:33] {Threei} rather bounce candidate
[09:33] {dino} cme
[09:33] {lisa_jay} UAUA broke 14 again.
[09:33] {Threei} too fast
[09:33] {Threei} jumper
[09:38] {Threei} UAUA headed for 15 it seems
[09:45] {Threei} Long Setup: DAL 10.43
[09:46] {Threei} stop under .30
[09:46] {peterg} good mornng
[09:46] {Threei} peter :)
[09:46] {Threei} don't chase
[09:46] {Threei} let it pullback to you
[09:47] {Threei} not a scalp for me
[09:47] {Threei} partial at 1:1
[09:49] {lisa_jay} 10c thank you Vad.
[09:49] {Threei} welcome
[09:49] {Geo} out half .55
[09:50] {Geo} adjusted stop vad?
[09:50] {Threei} welcome.35
[09:50] {Threei} oops
[09:50] {Threei} lol
[09:50] {Threei} .35
[09:51] {Threei} out
[09:51] {Threei} watching for re-entry
[09:52] {dino} dji feels like 8600
[09:52] {Threei} wanted around .20, didn't get it
[09:53] {dino} v sm v wide v risky l cme 16.01
[09:53] {Onix} stopped nuan & dal
[09:56] {dino} hbhc death
[09:57] {hawkfan4} herbie hancock not looking so good
[09:58] {Threei} Short Setup: DELL .39
[09:58] {Threei} stop above .50
[10:00] {Threei} FED RAISES INTEREST RATES IT PAYS ON BANK RESERVE BALANCES
[10:00] {dino} lol hawk, takes me back
[10:00] {Threei} cover half DELL
[10:00] {Threei} 1:1
[10:01] {dino} fed paying more to banks, re-liquifing
[10:01] {Threei} broke 52 week low
[10:01] {lisa_jay} missed dell :-(
[10:01] {dino} salvation thru inflation boys. another bubble in the making
[10:02] {Geo} all out
[10:02] {Threei} yup
[10:02] {Geo} .17
[10:02] {Geo} 22 cents TY
[10:02] {Threei} welcome
[10:02] {Threei} sheesh UAUA
[10:02] {Threei} look how it's holding
[10:03] {Onix} +.23 DEL ty Vad
[10:04] {dino} 48 to go
[10:04] {Geo} nice ONIX
[10:04] {Onix} ty
[10:05] {Geo} wow UAUA
[10:06] {Threei} 15.50 next (says he closing his eyes and expecting to be trouted)
[10:06] {dino} gj onix
[10:06] {Threei} UAUA
[10:06] {Threei} PRICE TARGET RAISED TO $17 FROM $14 AT MERRILL, MAINTAINS BUY RATING
[10:07] {Threei} DELL doesn't react on market bounce
[10:07] {dino} merrill needs to get out
[10:07] {Geo} you half in?
[10:07] {Threei} yes
[10:08] {Threei} .31 stop now
[10:08] {Threei} 15.50 hit
06[10:08] * Geo slaps Threei around a bit with a large trout
[10:08] {Geo} or was it if it didnt?
[10:09] {Threei} at your discretion
[10:09] {Geo} thats rather nice of you in the morning vad
[10:10] {Threei} it felt very much like another run in the making while it held close to 15 during market drop...
[10:10] {Geo} .15 being defended dell
[10:10] {Threei} but to bring myself to call it after such a spike over last days is another matter
[10:10] {Threei} especially considering how volatile it is
[10:11] {dino} csh sm l .00
[10:11] {Geo} not anymore i guess
[10:11] {Threei} }DELL} nah... I am indefensible
[10:11] {Threei} 1/4 more out
[10:13] {ese} is it me...or is everyone finding it hard to find stuff to get into
[10:14] {ese} uaua would have been nice but missed that
[10:14] {ese} what kind of scans are working?.....
[10:15] {Threei} breakdown did on DELL
[10:16] {Geo} uaua showwed up on my scanner at 6:34
[10:17] {dino} hmm seems 8-ball was off 22 pts
[10:17] {dino} and yes es, iut is you
[10:17] {dino} it
[10:17] {dino} .07 gap working like mad, as well as new 52 week lows
[10:17] {Geo} did we just get accused of breaking dino's 8 ball?
[10:17] {ese} tks dino....i needed that
[10:17] {dino} but of course bro
[10:18] {ese} gap ups or downs?
[10:18] {Geo} for you ese
[10:18] {Geo} ILMN
[10:18] {dino} ups right now, program it for both, red/green
[10:19] {dino} look for multiples
[10:19] {dino} ilmn ouch
[10:19] {ese} multiples?
[10:21] {dino} yes. they only flash on .07 gaps, when you see a bunch of same stock flashing, that baby is rocking
[10:21] {dino} keep it simply
[10:21] {dino} simple
[10:22] {ese} ahhhh got that....
[10:23] {dino} now that my secrets are out, i may as well quit
[10:23] {Geo} heheheh
[10:23] {Threei} lol
[10:23] {Geo} welll vad a sore quitter
[10:24] {Geo} he never quit !!!
[10:24] {dino} no, he not a quitter, just cranky
[10:24] {Threei} I wanted to object to that... but then found no grounds
[10:25] {lisa_jay} Vad, on the Dell call, by the time i loaded it up it was already down to .35 and could not go above it....was .35 ok to take.
[10:25] {Threei} I wouldn't chasde it more than couple cents... but your quotes are slow
[10:26] {Geo} also i have figured out that vad stalks
[10:26] {Threei} it was available for quite a while
[10:26] {lisa_jay} Quotes are ok...I am slow...have a bad cold and took some medicine for it...(not vodka)!
[10:26] {Geo} so i keep stuff he has mentioned opened up if possible
[10:26] {lisa_jay} Thanks Geo.
[10:26] {Geo} its a complement off course vad
[10:27] {Threei} (US) WHITE HOUSE PRESS SEC: IN FOR TOUGH GPD NUMBER NEXT WEEK
[10:27] {Threei} we are getting forewarned
[10:28] {dino} you don't think the market knows this already
[10:28] {Threei} for weeks
[10:28] {Threei} if not months
[10:28] {magoo} l aapl here small 300 sh
[10:28] {magoo} .39
[10:29] {magoo} stop .89
[10:30] {lisa_jay} Will check my quotes, thank Vad.
[10:30] {Threei} Long Setup: ADBE half lot .53 if holding above .40
[10:31] {Threei} UAUA
[10:31] {Threei} I am crying
[10:31] {Threei} it will never stop
[10:31] {Threei} it will go up, up, up...
[10:31] {Threei} for years to come
06[10:32] * Geo so will vad
[10:32] {hawkfan4} oil #'s in 3 mins
[10:32] {Threei} 10 years from now we will obsderve UAUA at $10,253.17 and call it long
[10:33] {hawkfan4} better make it a half lot then
[10:33] {Threei} lol
[10:33] {Geo} lol
[10:33] {lisa_jay} i can only do 1 share
[10:33] {dino} the buy 100 and forget it, lol
[10:33] {dino} rimm
[10:34] {Geo} something about ATT launching bold
[10:34] {lisa_jay} Vad, is adbe still valid.
[10:34] {Threei} RIMM HEARING MORGAN KEEGAN MAKES POSITIVE COMMENTS (TIMING UNCERTAIN)
[10:34] {Threei} nah
[10:35] {dino} leco
[10:35] {Threei} *DOE CRUDE: +3.2M V +2.6ME;
[10:36] {magoo} buck on aapl
[10:36] {Threei} GASOLINE: +2.7M V +2.8ME; DISTILLATES: +2.2M V +250KE; UTILIZATION: 84.8% V 83.2%E
[10:37] {dino} sm l hig .90
[10:37] {magoo} tough creowd
[10:38] {Geo} nice magoo :)
[10:38] {magoo} too late geo..i hate u lol
[10:38] {Geo} heheheh
[10:38] {lisa_jay} I have an excuse Magoo...drugged up...
[10:39] {magoo} magoo waits and watches for hours to give u all the 1 call
[10:39] {magoo} sigh
[10:39] {hawkfan4} rimm sm long .65, stop .50
[10:43] {Threei} OK, I have to do it
[10:43] {Threei} Long Setup: UAUA .96 half lot
[10:44] {Threei} stop under .75
[10:44] {magoo} i thought a trout was coming
[10:44] {Threei} good idea actually
06[10:44] * Threei slaps magoo around a bit with a large trout
06[10:44] * Geo slaps Threei around a bit with a large trout
06[10:45] * Geo figured vad busy
[10:48] {dino} lol
[10:48] {magoo} WOW SPIKE
[10:48] {dino} rally
[10:49] {Threei} that was faast 1:1
[10:49] {dino} stop calling me that magoo
[10:49] {Geo} lol dino
[10:49] {hawkfan4} lol
[10:49] {magoo} lisa..thats a spike
[10:49] {magoo} qqqq minute chgart
[10:49] {lisa_jay} Thanks Magoo.
[10:51] {lisa_jay} DAL falling
[10:52] {Geo} tmx dino
[10:54] {magoo} c'mon naz..explode up..kill the shorts
[10:54] {dptl} uaua +.14 ty and ,Vad ty dell earlier +.15
[10:56] {hawkfan4} 1/2 out RIMM 1.74
[10:56] {hawkfan4} stop to .66 on rest
[10:58] {hawkfan4} stop to .79
[10:59] {Threei} dp :)
[10:59] {dino} hig stopped
[10:59] {dino} -.40
[11:00] {hawkfan4} stop .94
[11:01] {Threei} beauty RIMM hawk
[11:02] {hawkfan4} out rest + 1.29. thx :)
[11:02] {Geo} nice !
[11:02] {hawkfan4} thx geo
[11:02] {patience} very nice hawk
[11:02] {hawkfan4} :)
[11:09] {dino} sweet hawk
[11:10] {hawkfan4} thx dino, and thx for the heads up on it
[11:12] {Geo} CSE
[11:13] {dino} np
[11:14] {Geo} pullback on BRCM vad?
[11:14] {Chaeron} good morning all
[11:14] {Geo} hey chaeron
[11:15] {Threei} chaeron :)
[11:17] {lisa_jay} Vad, would EMC be considered a thick stock? Thanks.
[11:18] {Threei} pretty much, yes
[11:20] {Threei} BRCM starts looking more like break Geo
[11:20] {Threei} unless market tanks
[11:25] {dptl} symbol lehman bro. ?
[11:25] {Threei} LEHMQ?
[11:26] {Chaeron} checking pinksheets.com....
[11:26] {dptl} lehmq?
[11:26] {Threei} yes
[11:26] {Chaeron} 0.068
[11:27] {dptl} ty
[11:34] {Threei} JBLU is trying to catch up
[11:34] {Threei} much slower and narrower than UAUA
[11:35] {Threei} but bumping against two days resistance .25
[11:36] {Threei} hard to believe but UAUA is consolidating again
[11:43] {lisa_jay} cal
[11:43] {lisa_jay} sorry wrong screen
[11:55] {dino} pressure building imo, this maket is going to either pop or drop hard
[11:56] {lisa_jay} Do you follow ticks and other market internals....if so we are seeing high +ve ticks vs -ve...so pop maybe.
[11:58] {dino} i don't lisa.
[11:58] {dino} more of a gut feel, watching scanners
[11:58] {lisa_jay} Ok, thanks Dino.
[11:59] {dino} :)
[11:59] {Threei} and I mostly get by watching dino watching his scanners
[11:59] {Geo} i just have a vad alert
[11:59] {dino} i may be wrong, but feels up
[11:59] {Threei} sometimes it gets cloudy because magoo is blocking the line of sight
[12:00] {lisa_jay} I thought you guys had balls....oh sorry 8 ball.
[12:00] {dino} big one lisa
[12:00] {Threei} yes to 8 ball part
[12:00] {dino} ones
[12:00] {Geo} too late dino !
[12:01] {dino} lol
[12:01] {Geo} lol
[12:01] {Threei} btw guys
[12:01] {Threei} we still have troubles with mass e-mail but going to open the room for Thu-Fri anyway
[12:02] {dino} so you want me to keep quiet
[12:02] {Threei} so, make sure your hair is combed
[12:02] {Threei} nah... business as usual
[12:02] {Threei} we don't adjust out behavior just because Queen comes for a dinner
[12:03] {Threei} if you have contact with someone who is not in the room, let them know since I doubt our e-mails reach them
[12:13] {Threei} SEC PROVIDES UPDATE ON SUBPRIME INVESTIGATIONS, NOTES MORE THAN 50 STILL ONGOING,
[12:14] {Threei} NTRI...
[12:14] {Threei} thin one... maybe a scalp on break
[12:15] {Geo} half lot?
[12:15] {Threei} yeah
[12:22] {dino} up it is
[12:24] {lisa_jay} Vad, how to play NTRI
[12:24] {Threei} .47 was the trigger at the moment
[12:24] {dino} banks moving up
[12:27] {Threei} dino's 8-ball is right again
[12:30] {Threei} NQ long entry on pullback is around here
[12:31] {Threei} stop under 75
[12:32] {Threei} according QID short near 74
06[12:34] * Threei kicks market in the rear
[12:36] {dino} not right enough tho
[12:36] {Geo} sigh..... of to work
[12:37] {Threei} hiho?
[12:38] {Threei} OK... no one gets my humor
[12:38] {Threei} what else is new
[12:39] {lisa_jay} ?
[12:39] {hawkfan4} it's not that we don't get it...;})
[12:39] {Threei} hi ho hiho... off to work we go...
[12:39] {Threei} oh great hawk... add to my already bottomless misery...
[12:40] {hawkfan4} lol, kidding :)
[12:40] {Threei} kidding? I don't get it
[12:41] {Threei} .me cancels his sense of humor forever
06[12:41] * Threei cancels his sense of humor forever
[12:41] {hawkfan4} hee, now that's funny!
[12:41] {Threei} too late
[12:42] {Threei} bands tightened
[12:43] {Threei} spike is coming
[12:43] {Threei} either way
[12:43] {Threei} most likely both ways, lol
06[12:46] * Threei repeats swift kick in market's rear
[12:47] {lisa_jay} ntri almost 1:1
[12:47] {dino} gj
[12:47] {Threei} wow oil
[12:47] {lisa_jay} thank you.
[12:50] {Threei} hmmm... market needs to wear some kind of pin... I seem to mistaken its rear for front
[12:54] {lisa_jay} UAUA made a new high
[12:54] {Threei} cover half QID here
[12:56] {Threei} good boy NTRI
[12:57] {Threei} half out .66
[12:57] {lisa_jay} wow!!!
[12:58] {Threei} offer NQ balance just above 1285
[12:58] {Threei} bid to cover QID balance under 73
[12:58] {lisa_jay} wow!!!!
[12:59] {dptl} jnpr?
[13:00] {Threei} hard to tell JNPR...
[13:00] {Threei} if market goes for new highs, sure
[13:00] {dptl} ok ty
[13:01] {Threei} balance stopped on NQ and QID
[13:04] {lisa_jay} Vad is there an alternative way to play QID & NQ calls...my platform does not allow me to short QID. Thanks.
[13:04] {Threei} play long QQQQ instead
[13:04] {Threei} just less effective
[13:04] {Threei} less risk too
[13:06] {lisa_jay} ok, thanks
[13:06] {Threei} compare ranges... 70 cents QQQQ vs 3.20 or so QID
[13:07] {Threei} gives you idea of volatility
[13:08] {lisa_jay} yes, there was a 15c move in qqqq since your call (appx.)
[13:09] {Threei} out balance NTRI .40
[13:09] {Threei} shuld have stay with plan, designated it as a scalp from the get-go
[13:11] {Threei} and should have taken those typing courses
[13:11] {lisa_jay} was NTRI a scanner play?
[13:12] {Threei} oh, and should have ignored those humor development course - obviously wasted money
[13:12] {Threei} yes
[13:12] {lisa_jay} Lol.
[13:12] {Threei} or maybe not...
[13:13] {Threei} lol
[13:13] {Threei} UAUA nice drop
[13:14] {lisa_jay} Your prediction of spike both ways is coming true.
[13:15] {Threei} yeah
[13:15] {Threei} that's what we do lately
[13:15] {Threei} amazing insensitivity to market movement we developed... -370 DJI, feels like narrow day
[13:16] {Threei} is this NTRI bidder for real?
[13:21] {Threei} he is
[13:26] {Threei} UAUA refuses to lose .50
[13:26] {dino} going for lows
[13:28] {Threei} OPEC PRES KHELIL: PRIMARY CONCERN IS HOW RECESSION MAY AFFECT ITS MEMBERS, DO NOT WANT TO HURT COUNTRIES ENCOUNTERING DIFFICULTY IN FINANCIAL CRISIS
[13:28] {Threei} - Notes as well that it does not want low prices to negatively affect members, and stocks are very high with members unable to sell oil
[13:28] {Threei} - Remarks that is positive that other non-OPEC countries will support and contribute to the cut in production
[13:30] {Threei} last time I looked their cost of extraction was around $1-3 per barrel
[13:30] {Threei} what is "low price" for them?
[13:31] {dino} 50
[13:32] {Threei} as far as I am concerned, anything above $10 is excessive
[13:33] {Threei} too bad no one is concerned about my concern
[13:34] {dino} \distracted today
[13:36] {Geo} sheesh hiho
[13:36] {Geo} i looked it up in laser
[13:36] {Threei} ROFL
06[13:39] * laserdave1 slaps Threei around a bit with a large trout
[13:40] {Threei} ugh
06[13:40] * laserdave1 slaps Chaeron around a bit with a large trout
[13:40] {Threei} he sneaks in again
06[13:40] * laserdave1 slaps Geo around a bit with a large trout
06[13:40] * laserdave1 slaps magoo around a bit with a large trout
[13:40] {Geo} shoot missed
06[13:40] * laserdave1 slaps laserdave1 around a bit with a large trout
06[13:40] * magoo slaps Threei around a bit with a large trout
06[13:40] * magoo slaps Threei around a bit with a large trout
06[13:40] * laserdave1 slaps Threei around a bit with a large trout
06[13:40] * magoo slaps patience around a bit with a large trout
[13:40] {patience} magoosky!
[13:40] {patience} when are you going hunting?
[13:41] {magoo} november
06[13:42] * Geo abhors violence
[13:42] {Threei} wow SLW
[13:42] {Geo} unless on others
[13:46] {Threei} sheesh
[13:46] {Threei} look at this jerkiness
[13:52] {dino} this market blows today, things are stuck
[13:52] {magoo} it blew all week
[13:53] {dino} brb, have to hit liquor store
[13:53] {Geo} youre not doing that bad dino
[13:53] {magoo} vad..open house tomorrow?
[13:54] {dino} not at all. just that the scotch bottle is about dry
[13:54] {Geo} glenmorangie?
[13:54] {dino} :)
[13:56] {Threei} yes mags
[13:57] {Threei} (unless no one comes)
[13:57] {magoo} yes what?
[13:57] {Threei} but we still keep door open
[13:57] {Threei} hmmm... you are asking for it... but I am not obliging
[13:58] {magoo} asking for what?
[13:58] {Threei} {--- barely holding... but holding
[13:58] {Threei} willpower
[13:58] {magoo} holding what?
[13:58] {Threei} more willpower
[13:59] {Threei} wait... what I am doing restricting my self from pure joy
06[13:59] * Threei slaps magoo around a bit with a large trout
[14:00] {Threei} SLW wortha try for scalp here with 3 cents stop
[14:01] {Threei} make sure 4 is holding and 4.02 getting hit
[14:01] {Threei} try to catch last shares at 4.02
[14:02] {Threei} nope
[14:04] {dino} ok, i went to store at -350, i come back -350
[14:04] {Threei} lol
[14:04] {Threei} see, hawk walks to the bank with more effect on the market
[14:05] {dino} market does not appreciated spirits
[14:08] {Threei} hmmm
[14:08] {Threei} -400 aupon your return
[14:09] {Threei} something to think about? :)
[14:12] {Threei} in UAUA, stop under 15
[14:12] {Geo} whats your price vad?
[14:12] {Threei} .16
[14:13] {Geo} ok .1660 here
[14:13] {lisa_jay} Geo how do you enter and exit so fast.
[14:13] {Geo} all about hotkeys for me
[14:14] {Threei} mouse here
[14:14] {Threei} just as fast
[14:14] {Geo} nah
[14:14] {Threei} heh
[14:14] {Geo} i believe vads faster brain compensates slow mouse
[14:14] {lisa_jay} If you don't mind me asking, Geo, what was your entry?
[14:15] {Geo} [11:13] {Geo} ok .1660 here
[14:15] {lisa_jay} Oh shit...sorry cursing.
[14:15] {lisa_jay} I thought target was .16. I should just shut down and go take a nap.
[14:16] {magoo} none of that tomorrow lisa lol
[14:16] {Threei} isn't bouncing with NQ really
[14:16] {magoo} no trouting either
[14:16] {Threei} too tired I guess
[14:18] {Geo} hmmm not very strong
[14:18] {Threei} Lehmaan CREDIT SWAPS HAVE REPORTEDLY SETTLED WITHOUT INCIDENT
[14:19] {Threei} ths should prop the market
[14:19] {Threei} that was serious concern
[14:20] {dino} that should be great news
[14:20] {Threei} $72B OF CREDIT SWAPS HAVE REPORTEDLY SETTLED WITHOUT INCIDENT THROUGH SELLERS PAYING $5.2B
[14:20] {Threei} 5.2 for 72
[14:20] {Geo} half out
[14:20] {Geo} .26
[14:21] {Geo} stop 15.10 vad?
[14:21] {Threei} the way you play it, yes
[14:21] {Geo} also curious about yours pls? :)
[14:21] {Threei} I am just offering .40
[14:21] {Geo} ok
[14:21] {Threei} with old stop
[14:22] {Geo} no 1/4?
[14:22] {Threei} not even 1/2
[14:22] {Geo} ooooh
[14:24] {Threei} hmmm... really feels tired
[14:24] {Threei} may have to adjust
[14:25] {Geo} pitched most aat 1:1
[14:25] {Geo} not folowing NQ
[14:25] {Threei} another market spike
[14:25] {Threei} let's ee if it helps
[14:25] {Threei} not really
[14:26] {Geo} out .11
[14:26] {Threei} out .27
[14:26] {Geo} at .27
[14:26] {Geo} heheh
[14:26] {Geo} vad gotta say...
[14:26] {Geo} a few months ago i would be blind to all of this
[14:27] {Geo} so thanks :)
06[14:27] * Threei is now known as eye-opener
[14:27] {Geo} third eye?
[14:27] {Geo} sheeeit now it rises
[14:27] {lisa_jay} Lol, i am so silly. Could have entered trade at .02, sigh.
[14:28] {Geo} why?
[14:28] {Geo} no one can bottom tick perfectly
[14:28] {Geo} i wanted to see it come back
[14:28] {Threei} oil 66s?
[14:29] {lisa_jay} no, after i realized where you entered, waited for pullback and it pulled back all the way to .01
[14:29] {Geo} yes vad
[14:29] {Geo} yes it did lisa :)
[14:29] {Threei} here is my .40
[14:29] {Threei} sigh
06[14:29] * Geo thinks vad is influenced by geo
06[14:30] * Geo ducks
[14:30] {Threei} is someone at GS feeling pretty stupid about $200 target?
[14:30] {lisa_jay} sorry guys, will be more alert next time.
[14:31] {Geo} nope the say guy said 50 now
[14:34] {Geo} so vad.... how did ya come up with 40? prev support?
[14:34] {dino} i think t.boone pickens is
[14:35] {Threei} just gut feeling
[14:35] {Geo} ok
[14:35] {Geo} you and magoo pretty good at gut targets
[14:40] {magoo} this mkt wearing me out..i go up every morning and go down every afternoon
[14:41] {Threei} it adopted this trend of dropping second hakf of the day
[14:41] {Threei} why not cut down afternoon
[14:41] {magoo} i waited all afternoon to get sucked in justr now on that up
[14:42] {magoo} that 14:05 up
[14:42] {Threei} -450 dow
[14:45] {patience} -404 tsx
[14:45] {dino} theres the 8600
[14:46] {dino} -7.5% since monday. these moves are insane
[14:46] {dino} they do a year in half a day
[14:48] {laserdave1} magoo dcc please
[14:48] {magoo} crap
[14:51] {dino} lol
[14:51] {Threei} wow UAUA
[14:51] {Geo} hmmmm
[14:52] {Geo} is it tin hat time?
[14:53] {Threei} QID .50 break... scary
[14:53] {Geo} stop?
[14:54] {Threei} under .20 I'd think
[14:54] {Geo} NQ 44?
[14:55] {Threei} target closer to 78 QID
[14:55] {Threei} or just scalp... really hard to tell
[14:55] {Threei} emotions are running high again
[14:56] {Threei} nything can happen in a blink of eye
[14:57] {Threei} sold half .73
[14:57] {Threei} mostly to reduce risk than on valid read
[14:57] {Threei} stop to under .40
[14:58] {Threei} out second half
[14:58] {Threei} .35
[15:04] {dino} brb
[15:05] {Threei} look CNN
[15:05] {Geo} ?
[15:08] {Threei} ugh
[15:08] {Threei} wanted UAUA short .50 but it broke way too fast
[15:08] {Threei} not sure about bounce
[15:09] {Threei} had in mind quick scalp, and that played out in seconds
[15:10] {Threei} CNN at the time talked about website rendered credible source by analysts,
[15:10] {Threei} calling for an attack on US before the election
[15:11] {Threei} bounce was still a good entry on UAUA...
[15:12] {magoo} not so smart..dubya will kick their asses
[15:12] {magoo} wait for oisama obama
[15:12] {Threei} according to analysts their idea is to impact the election itself
[15:12] {Threei} trying to support McCain by attack
[15:12] {magoo} it would hurt obama..help mccain
[15:12] {Threei} right
[15:12] {Threei} and that's what they want
[15:13] {Geo} why?
[15:13] {Geo} not in their interest?
[15:13] {Threei} to keep fighting
[15:13] {Geo} crap
[15:13] {Threei} keep USA engaged
[15:13] {Threei} try to exhaust
[15:13] {Threei} and keep their mission alive
[15:14] {Geo} cant we nuke em?
[15:14] {Geo} please?
[15:16] {lisa_jay} Look at Uaua break 14.
[15:17] {Geo} QID almost 79
[15:17] {Threei} yeah... I took short and .20, scalped covering at 14.06
[15:17] {Threei} too risky to call
[15:18] {Threei} see how it teleports?
[15:18] {Threei} 10-15 cents
[15:18] {Threei} almost with no traades inbetween, just disappears in one spot and surfaces in another
[15:18] {lisa_jay} Yes.
[15:18] {Threei} -480 DJI
[15:18] {Threei} end of the world is coming again?
[15:20] {Threei} took small QID
[15:20] {Threei} stop under .80
[15:21] {Threei} held like charm so far
[15:21] {Threei} now go
[15:21] {Threei} stopped
[15:22] {Threei} need sufficient pullback for more confident entry
[15:23] {dino} how about bush putting that warning out just to frighten voters to mccain
[15:23] {Threei} what an ubelievably touching e-mail
[15:23] {Threei} Here writes Madam Margaret Clark, suffering from cancerous ailment. I am married to Engineer Gilbert Clark an Englishman who is dead.
[15:23] {Threei} I am crying
[15:23] {Geo} how many million vad?
[15:23] {Threei} My husband died after a protracted illness. My husband and I made a vow to uplift the
[15:23] {Threei} down-trodden and the less-privileged individuals as he had passion for persons who can not help themselves due to physical disability or
[15:23] {Threei} financial predicament.
[15:23] {Threei} wait... I am still crying
[15:24] {Geo} did i tell you i reply to all of them?
[15:24] {Geo} one line only
[15:24] {Geo} send me 100 by paypal and well talk
[15:24] {Threei} hehe
[15:24] {Threei} oops
[15:24] {Threei} 4.4 Million (four million Four Hundred Thousand USD)
[15:24] {Threei} nah
[15:24] {Threei} too small
[15:24] {Geo} every time they reply back and protest i double it
[15:25] {Geo} never worked beyond 3rd reply though
[15:25] {Geo} :(
[15:25] {Threei} there is a guy in UK I think who engages with them and tries to milk them
[15:25] {Threei} sometimes successfully
[15:25] {Threei} quite dangerous game, many are hardened criminals
[15:26] {Threei} Recently, my Doctor told me that I have limited days to live due to the cancerous problems I am
[15:26] {Threei} suffering from. Though what bothers me most is the stroke that I have in addition to the cancer.
[15:26] {Threei} back to crying
[15:26] {Threei} couldn't bering myself to go for this bounce UAUA
[15:27] {Threei} probably because of all the crying
[15:29] {Threei} more flush is coming
[15:29] {peterg} dow 500
[15:29] {peterg} back to the submarine, while plunging
[15:29] {Threei} did we go through all the gaps yet?
[15:30] {Threei} yeah
[15:30] {Threei} NEW YORK FED SAYS THAT THE FED WILL EXPAND THE MONEY MARKET BUYING PLAN BEYOND THE INITIAL LIST OF 50 CANDIDATE FIRMS
[15:31] {Threei} so, are we aiming for total state ownership of everything?
[15:33] {Threei} pcause if so, why worry whether one of candidates is sociaist
[15:33] {Threei} {--- looking forward to morning geeting "hello comrade magoo"
[15:36] {Threei} -600 is coming
[15:36] {Threei} you guys are alive out there?
[15:36] {magoo} and my "morninK comrades"
[15:36] {lisa_jay} yes.
[15:36] {peterg} So Vad, how many guests tomorrow at party?
[15:37] {Threei} you mean Dow 8000 party?
[15:37] {Threei} chaeron will come if he finds according hat
[15:37] {peterg} Na, trading room paryt
[15:37] {peterg} party
[15:37] {Threei} 2-3 I guess
[15:37] {peterg} between two and thrity one
[15:38] {peterg} mass email indeed
[15:38] {Threei} having hard time with that e-mail
[15:38] {peterg} you got to send out 5000000000
[15:38] {Threei} -600 is here
[15:38] {peterg} rimm really unwound
[15:39] {peterg} armageddon be commin
[15:39] {peterg} ragnarok
[15:39] {peterg} gotterdammerung
[15:39] {Threei} massaraksh
[15:40] {peterg} del!
[15:40] {peterg} icious
[15:40] {Threei} wow RIMM
[15:40] {Threei} 40s
[15:40] {Threei} who would have thought we live to see this
[15:41] {peterg} what are we seeing?
[15:41] {Threei} RIMM in 40s?
[15:42] {Threei} bounce time
[15:47] {Threei} magoo... fess up... went for RIMM off 47?
[15:49] {magoo} no vqad..im getting trired and worn down
[15:49] {magoo} mkts depressing me
[15:49] {Threei} oh come on
[15:49] {magoo} seriously
[15:49] {Threei} you want to trade bulinsh market only?
[15:50] {magoo} was up 1200 all 3 days to lose everyday
[15:50] {Threei} just don't focus on opinion
[15:50] {Threei} why no trailing stop on account as we discussed?
[15:50] {Threei} being up 1200, no way I'd ghome with less than 900
[15:51] {magoo} yup
[15:51] {magoo} losing every afternoon
[15:52] {dptl} ok...have a good evening all :)
[15:52] {Threei} take care dp
[15:53] {Threei} qute a bounce
[15:58] {Threei} wicked closing every day
[15:58] {Threei} Ok guys, thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {hawkfan4} amazing stuff, thx vad
[15:58] {Threei} and you comrade magoo... re-read Politburo instructions on traliling stop
[16:00] {dino} man, tough day to be sidetracked
[16:00] {magoo} achtung mine capitan
06[16:00] * Threei slaps magoo around a bit with a large trout
[16:01] {magoo} oops..wrong book
[16:01] {Threei} lol
[16:01] {dino} 1000 pt move in 2 days
[16:01] {magoo} CME down 80 points this week
[16:01] {Threei} beware of comrade General Secretary Paulson
[16:02] {magoo} amzn vad
[16:02] {magoo} put up
[16:04] {Threei} REPORTS Q3 $0.27 V $0.25E, R $4.26B V $4.27BE
[16:04] {Threei} - Guides Q4 Rev $6B-7B v $7.02Be
[16:04] {Threei} - Guides FY08 Rev $18.46B-$19.46B v $19.49Be
[16:04] {Threei} wwhat beating
[16:04] {magoo} ty
[16:04] {magoo} caught it sah 47
[16:05] {magoo} short
[16:05] {Threei} covered yet?
[16:05] {magoo} out 42
[16:06] {Threei} made up for aftrenoon losses?
[16:06] {magoo} flat..
[16:06] {magoo} sigh
[16:06] {Threei} now, go home and SIN NO MORE!!
[16:06] {hawkfan4} lol, nice mags
[16:06] {magoo} hare von comadante'
[16:06] {Threei} made nice money - put a trailing stop on account
[16:06] {magoo} damm wrong manuel
[16:07] {Threei} AMGN
[16:07] {magoo} amgn vad
[16:07] {Threei} REPORTS Q3 $1.23 V $1.08E, R $ V $3.7BE, INCREASES FORECAST
[16:07] {Threei} - Guides FY08 $4.45-4.55 v $4.38e; R $ v $14.82Be

Labels:

Tuesday, October 21, 2008

Oct 21 2008

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Drop by, say hello, join our trades, share your ideas.See you in the room!



Session Time: Tue Oct 21 00:00:00 2008

[08:06] {magoo} jhhdfdhffyjyfv
[08:06] {Threei} lkgoidnht?
[08:06] {Threei} anyway... good morning
[08:07] {lisa_jay} Hi Vad. I am finally here.
[08:07] {Threei} hi lisa, welcome back :)
[08:07] {lisa_jay} Thank you.
[08:07] {lisa_jay} $%^%$# Magoo. Hope you remember me.
[08:08] {magoo} morn lisa...why u swearing at me already? he he
[08:09] {lisa_jay} I:-)
[08:09] {Threei} oh mags, just look in the mirror...
[08:09] {lisa_jay} Vad, is it too early for questions?
[08:09] {Threei} and tell me it didn't made you swear {G}
[08:10] {Threei} shoot lisa
[08:11] {lisa_jay} Should I place hard stops in the system or manually close position if stop price hit?
[08:11] {Threei} it's a matter of 2 things
[08:11] {Threei} 1. personal discipline
[08:11] {Threei} 2. ability ot be at your computer
[08:12] {Threei} if you are good at executing stops without second-guessing them, and can be at your station majority of the time, I would prefer manual stops
[08:12] {Threei} if you have to leave for a few hours, place hard stop
[08:13] {Threei} if you know thyself and suspect you may ignore the stop in hope stock recovers... place hard stop and don't give yourself a chance to ruin your account
[08:14] {lisa_jay} Ok, thank you.
[08:15] {Threei} one more advice about stops
[08:15] {Threei} every time you have to take a stop, slap magoo with trout - it helps cope with loss
[08:15] {lisa_jay} Sounds fishy.
[08:15] {Threei} it is
[08:15] {Threei} but it works
[08:16] {Threei} both emotional relief and satisfaction of delivering joy to thy neighbor
[08:16] {Threei} help immensely
[08:24] {magoo} :)
[08:34] {magoo} AKS vad news?
[08:36] {Threei} 08:31am [AKS] Reports Q3 $1.67 v $1.45e, R $2.16B v $2.16B
[08:36] {magoo} UAUA active
[08:37] {Threei} 08:31am [UAUA] Reports Q3 -$1.99 v -$2.48e (ex items), R $5.57B v $5.54Be
[08:51] {Onix} Good morning all
[08:51] {Threei} onix :)
[08:52] {Threei} if it were tradinhg hours, I'd say short UAUA on .50 breakdown
[08:53] {magoo} huh?trading hours?
[08:54] {cosmo} i count 24
[08:54] {Threei} market isn't open yet mags... noticing such fine nuances?
[08:56] {Threei} hmmm
[08:56] {Threei} how did I get a fill at .55 for 600?
[08:56] {lisa_jay} How to play sound when new message?
[08:56] {Threei} shurg... whatever, stop above .60
[08:57] {Threei} someone recently consulted on that
[08:57] {Threei} was it geo?
[08:57] {lisa_jay} thtt
[09:01] {Threei} FED SETS UP NEW PROGRAM TO BUY MONEY MARKET FUNDS, NOTING THAT MONEY MARKET FUNDS ARE HAVING TROUBLE MEETING REDEMPTIONS
[09:08] {dino} gm all
[09:08] {Threei} dino :)
[09:09] {Geo} gm
[09:09] {Threei} geo :)
[09:10] {dino} hmmmmmm
[09:11] {dino} bank runs, money market $ going under mattresses
[09:12] {ese} god morning.....
[09:12] {Threei} ese :)
[09:12] {ese} hey vad
[09:15] {Threei} covered half .25 and .26
[09:21] {dptl} good morning all
[09:22] {ese} dp.....
[09:22] {ese} it's cold over here....how bout the mainland?
[09:22] {Threei} dp :)
[09:23] {dptl} :)..yeah its cold here too
[09:27] {magoo} calling for light snow here in n.e.pa
[09:27] {Threei} covered in full .20
[09:27] {ese} should be cheaper for you to get over here dp...BC ferries is going to cut the gasoline surtax maybe.....
[09:28] {dptl} oh good..:)
[09:28] {Threei} snow in Ontario
[09:28] {ese} they can have it.....
[09:29] {Threei} aww, too soon on UAUA
[09:31] {Threei} 13 break long half lot if stays above .80
[09:31] {peterg} morning
[09:31] {Threei} peter :)
[09:31] {Threei} aggressive entry .91
[09:32] {Threei} invalidated
[09:34] {dino} itri v sm s .86
[09:34] {Threei} fooled us UAUA
[09:34] {Threei} Long Setup: JNPR .30 if stays above .15
[09:37] {Threei} 1:1, half out
[09:37] {Threei} scalpers know what to do
[09:37] {hawkfan4} SLM 11.01, stop 10.90
[09:38] {magoo} nice uaua vad
[09:38] {Threei} out in full JNPR
[09:38] {Threei} +.30
[09:38] {hawkfan4} nice one thx
[09:38] {Geo} nice vad
[09:39] {hawkfan4} stopped slm -.12
[09:39] {Threei} Long Setup: ADBE 29 break if stays above 28.80
[09:41] {Threei} grrr
[09:41] {Threei} forgot about MPEL
[09:42] {hawkfan4} alth too
[09:44] {dino} sgp sm l .90
[09:44] {Threei} UAUA, I am crying
[09:45] {dino} cof sm l .35
[09:45] {magoo} u are not alone
[09:48] {ese} L line. 28 and it's moving
[09:50] {ese} wanted .20 but it was moving to fast
[09:51] {ese} may have cahsed a litle but I think it will be OK
[09:51] {ese} thats Chased...
[09:52] {Threei} ok market, time for explosion
[09:52] {Threei} just don't get confused which way
[09:53] {Threei} Long Setup: NQ 1330 break
[09:53] {Threei} Short Setup: QID .80
[09:53] {Geo} in
[09:54] {Threei} ugh, late on QID
[09:54] {Threei} don't chasde, let it bounce
[09:54] {Threei} its volatility often allows for wentry on snapback
[09:54] {Threei} half lot btw
[09:54] {Geo} stop 24 vad?
[09:54] {Threei} yes
[09:55] {ese} stop to .14 LINE
[09:55] {Threei} cover half QID
[09:55] {Threei} bounced right into short trigger
[09:56] {Threei} quit fooling sround market, break that 1335 and go
[09:56] {dino} micc blood
[09:56] {dino} itri cov .13 -.27
[09:58] {ese} out line stopped.......
[09:59] {Threei} Long Setup: GERN .75 if stays above .60
[09:59] {ese} my own fault.....should have taken that initial run up......it got away on me
06[09:59] * Threei kicks NASDAQ in the rear
[10:00] {Geo} nq half target 35 vad?
[10:00] {Threei} on a spike above it
[10:00] {dino} micc sm l .98
[10:00] {Geo} drat
[10:00] {Geo} missed gern
[10:00] {Threei} hmmm
[10:00] {Geo} got it
[10:00] {Geo} :)
[10:00] {Threei} there is something Geo doesn't tell us
[10:00] {Threei} GEO
[10:00] {Threei} AWARDED JOINT CONTRACTS FOR THE CONSTRUCTION AND MANAGEMENT OF A NEW 2,000-BED SPECIAL NEEDS PRISON IN FLORIDA
[10:01] {Geo} well i am special
[10:01] {Threei} Attention: ADBE half out at 1:1
[10:01] {Threei} here is your spike Geo
[10:02] {Geo} got it TY
[10:02] {Threei} QID players fell free to cover as you see fit
[10:02] {Threei} nice 60 cents here
06[10:02] * Geo feels selfish for making wvad work harder
[10:02] {Threei} you should
[10:02] {Threei} I mean, nice dollar here
[10:03] {Threei} good boy market
[10:03] {Geo} new stop vad?
[10:03] {Threei} just under b/e
[10:03] {Threei} IMO
[10:03] {Geo} yeah thats where i am
[10:03] {Threei} this is not a scalping market for me
[10:03] {Threei} capable of bigger move
[10:03] {Threei} let it breathe
[10:04] {Threei} Attention: ADBE 1/4 out at 1:2
[10:04] {Geo} gern slow
[10:04] {Threei} you in a hurry?
[10:04] {Geo} ill be here ALL day
[10:04] {Threei} 1:2 hit ADBE
[10:05] {Threei} new stop for the last portion is .15
[10:05] {tomg} ty nq vad
[10:05] {Threei} welcome tom
[10:06] {Geo} still in with one lot in NQ
[10:06] {Threei} hold it
[10:06] {dino} out cof .95, +.60
[10:06] {Geo} stop 1330.5
[10:06] {Threei} offer it for sale at, ummm
[10:06] {Threei} 50 - 55
[10:06] {Geo} 55 hehehehe
[10:07] {Threei} UAUA
06[10:07] * Geo getting spoiled
[10:07] {Threei} 14 break for adventurous
[10:09] {ese} are you thinkin 14.01 uaua vad
[10:09] {dino} pru sm l .25
[10:09] {Threei} yes
[10:09] {Threei} it's likely to be very fast on a break
[10:10] {Threei} let's get bold and offer last portion ADBE at 29.90
[10:10] {Threei} FED TO PROVIDE UP TO $540B IN NEW MONEY MARKET PROGRAM
[10:10] {dino} this market wants to rock, imo
[10:11] {Threei} this is frikin monoply money
[10:11] {Threei} 540B? no problem
[10:11] {Threei} yes dino
[10:11] {Threei} 10:03] {Threei} this is not a scalping market for me
[10:11] {Threei} [10:03] {Threei} capable of bigger move
[10:11] {dino} why don't they just become insurance company and charge premiums
[10:12] {Geo} gap almost filled?
[10:12] {Geo} no prev res
[10:12] {ese} have to pass on uaua......see you all tomorrow....this tue thurs thing is going to drive me nuts
[10:12] {Threei} take care ese...
[10:12] {ese} take care all
[10:12] {Geo} cya ese
[10:13] {magoo} bye es
[10:13] {hawkfan4} ok, gotta run to the bank, so hold on to your hats...
[10:13] {dino} later es
[10:13] {Geo} hahah thanks hawk
[10:13] {magoo} hawker:)
[10:14] {Geo} should the bank just open a counter where he is?
[10:14] {dino} pru stopped -.34
[10:15] {Geo} nq 1350 resistance
[10:15] {Threei} break that 50 NQ
[10:15] {dino} resistance is futile
[10:15] {Threei} totally
[10:16] {Geo} thats what i told my gf before she agreed to marry me
[10:16] {Threei} tale of deep regrets follows?
[10:16] {Geo} for her yes
[10:16] {Geo} i got a good deal
[10:16] {Threei} of course not yours dummy
[10:16] {Geo} lol
[10:16] {Threei} lol
[10:16] {Threei} good boy NQ
[10:17] {Threei} ADBE new high
[10:17] {Geo} sigh GERN
[10:17] {Geo} oh well stop is in place
[10:17] {Threei} what are you sighing about?
[10:17] {Geo} ummm
[10:17] {Geo} nothing
06[10:17] * Geo hides
[10:18] {Threei} some are so demanding...
[10:18] {Geo} i just feel bad for gern
[10:18] {Geo} this must be bad for their self confidence
[10:20] {dino} wmt sm l .00
[10:21] {dino} poor gern.....moving on, lol
[10:22] {Geo} darn
[10:23] {Geo} i think vad should work harder in NQ.... it will keep him sharp
[10:23] {Threei} new high ADBE
[10:23] {Geo} there is nothing in it for me of course
[10:24] {Threei} so... anyone is capable of holding last portion THAT long on ADBE? :)
[10:24] {Threei} or your scalping instincts take over?
[10:25] {Threei} probably market needs some rest
[10:25] {lisa_jay} Scalped for break even on ADBE...could not deal with volatility (initially). As a penance (sp), holding firm on GERN.
[10:26] {Geo} yeah me breakeven on adbe too
[10:26] {Threei} wow
[10:26] {Geo} fatfingered 2 lots by mistake
[10:27] {Geo} didnt help me
[10:27] {Geo} so got out at even
[10:27] {Threei} I don't know how you guys manage to stay breakeven on a stock that moves 60 cents with 20 cents stop... never touching stop level
[10:27] {Threei} come on, a bit of discipline
[10:27] {Threei} let's trail GERN to under .65
[10:27] {lisa_jay} Yes. I will not doubt you again :-)
[10:27] {Geo} welli should have exited one lot at breakeven and traded like nothing happenned
[10:28] {Threei} it's not even me to doubt or not... it's simply rules of trading
[10:28] {Threei} stop is not tagged - stay in
[10:28] {Threei} don't trade on noize
[10:28] {Geo} sniff
[10:29] {lisa_jay} Yes. Learnt the hard way (paid 40c) for it.
[10:29] {Geo} ndaq running
[10:29] {Threei} literally 40c?
[10:30] {Geo} nq stop vad?
[10:30] {Threei} under .35
[10:30] {Threei} but come on
[10:30] {Threei} my target was 50 -55
[10:30] {Threei} it hit 54
[10:31] {Geo} got distracted by gap fill
[10:31] {Geo} no excuse
[10:31] {lisa_jay} Seriosly, this is one aspect of trading that i am trying to master, and avoiding taking profits too soon (before 1:1)
[10:33] {lisa_jay} There goes gern.
[10:33] {dino} micc stopped
[10:34] {Threei} {GERN} well Geo... are you still unhappy with me?
[10:34] {Geo} :)
[10:34] {dino} wmt stopped -.35
[10:34] {dino} stop city
[10:34] {dino} starting over
[10:35] {lisa_jay} Vad 1:1 on Gern is .90 or .85? Thank you.
[10:36] {Threei} formally .90...
[10:36] {Threei} noty sure what the best way to play it would be
[10:36] {Threei} let's re-evaluate as it gets there
[10:37] {Threei} it climbs nicely andf against the market, but overall this stock has a history of disapointing
[10:37] {lisa_jay} ok, thanks
[10:40] {Geo} nflx got beatup up
[10:42] {Geo} powerup?
[10:42] {Threei} let's trail GERN under .70
06[10:43] * Geo promises not to fail on NQ this time
[10:44] {Threei} LOL, YHOO saga will never end:
[10:44] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:44] {Threei} {MSFT}
[10:44] {Geo} man yang should have been kicked out long time ago
[10:46] {Threei} I am gettinf feeling that oil is going to get killed after OPEC cut
[10:47] {Geo} stopped NQ
[10:47] {Geo} good lesson
[10:48] {Geo} TY vad
[10:48] {Threei} still stopped on a trail, in plus, right?
[10:48] {Geo} still got 8 points one one and 4 on other
[10:48] {Geo} on one
[10:49] {Geo} so 240 bucks
[10:49] {Geo} not banking second lot on 54 was a big mistake
[10:50] {Threei} maybe not exactly 54, it's hard to nail exact top,
[10:50] {Geo} i had it on 50
[10:50] {Threei} but when it lost 50, .49 should have been taken
[10:50] {Geo} moved to 55 heheh
[10:50] {Geo} thought gap would fill
[10:50] {Geo} good to know
[10:50] {Geo} nice way to exit
[10:50] {Threei} so, 49 - 34 = 15x20 = $300, right?
[10:51] {Geo} yeah :(
[10:51] {Threei} write it down as a price of mistake
[10:51] {Threei} and look at it every time you experience doubt
[10:51] {Geo} thats a great way to exit vad
[10:51] {Geo} loses round nuber
[10:51] {Geo} exit
[10:51] {Geo} never thought of that
[10:53] {dino} sgp stop to flat
[10:54] {dino} stopped sgp 0.0
[10:56] {lisa_jay} GERN stopping out almost.
[10:56] {Threei} Short Setup: UAUA .59 if stays below .70
[10:58] {Threei} invalidated
[10:58] {dino} hig sm l .00
[11:06] {Geo} out gern
[11:15] {Geo} .
[11:17] {dino} last try, v sm, micc l .20 wide
[11:22] {dptl} leaving earlier...have a good day all
[11:22] {hawkfan4} cya dp
[11:23] {Threei} take care dp
[11:25] {dino} cya dp
[11:27] {dino} micc stopped done w/it
[11:31] {lisa_jay} Slow right now. So going to introduce myself.
[11:31] {Chaeron} good morning all... sorry I'm late
[11:32] {lisa_jay} New trader (paper traded for a while), real small position size trading for over 5 months with slow churn and bleeding.
[11:32] {lisa_jay} Seeking help from the Gods...hence joined Vad :-)
[11:32] {Chaeron} welcome LJ
[11:33] {lisa_jay} Thanks Chaeron.
[11:33] {Chaeron} don't mind the lousy typing, spelling or jokes and you'll have a blast
[11:34] {lisa_jay} Actually went through nearly every chat log that is posted on Vad's blog. So used to the jokes...my kind of humor.
[11:34] {Chaeron} ahhh... birds of a feather
[11:34] {Chaeron} (no offense Raven) :)
[11:35] {dino} welcome to the jungle lisa
[11:35] {lisa_jay} Thank Dino.
[11:35] {lisa_jay} Sorry..
[11:35] {lisa_jay} Thanks.
[11:35] {Threei} chaeron :)
[11:36] {Chaeron} morning sir... all quiet now I got here?
[11:36] {Raven} {}
[11:37] {Chaeron} DRYS...
[11:37] {Geo} welcome lisa jay
[11:37] {Threei} yes chaeron
[11:37] {lisa_jay} Thanks Geo.
[11:37] {Threei} we have one more room now
[11:37] {Threei} and as soon as you connect we move calls in there
[11:37] {Chaeron} :P
06[11:38] * Geo is worried now
[11:38] {Chaeron} well, Geo and I know the address of that monastary with all females
[11:38] {Geo} "monastry" eh
[11:39] {dino} rally
[11:39] {Chaeron} monastery... sorry
[11:40] {Threei} OK, feels like we have bottomed
[11:41] {Threei} time to starty trying them again
[11:41] {Threei} Long Setup: ADBE 29.10
[11:41] {Threei} if stays above 29
[11:42] {Threei} Long Setup: JNPR 19.21 if stays above 19.10
[11:43] {Threei} change of plans ADBE - entry if NQ sharply turns upward
[11:43] {Threei} aggressively
[11:45] {dino} hmm no rally
[11:45] {dino} scanner fooled me
[11:46] {Geo} as long as its the scanner
[11:46] {Geo} and not the 8 ball
[11:46] {dino} lol
[11:47] {Threei} it's either failure or last pullback
[11:47] {Threei} JNPR is too weak
[11:47] {Threei} made new low whiole NQ is merely pulled back
[11:47] {magoo} this mkt blows
[11:48] {magoo} today and yesterday
[11:48] {Geo} lol magoo
[11:54] {Threei} no clear trades here
[11:54] {Threei} waiting
[11:55] {dino} sizing and widening, fwiw
[11:56] {dino} clhb, qcom, interesting
[11:56] {dino} so is my chicken salad sandwich
[12:10] {dino} cof sm l .30
[12:16] {Chaeron} Andrew Clark in New York The Guardian, Saturday October 18 2008 - "The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged "idiots" and thanking "stupid" traders for making him rich."
[12:16] {Chaeron} finally... someone thanks me for my trading abilities
[12:17] {lisa_jay} Lol
[12:17] {dino} cof stopped -.33
[12:17] {Geo} andrew lagde
[12:17] {Geo} lahde
[12:17] {Geo} and yeah he also called for legalization of hemp
[12:17] {Geo} and formation of a leadership fpprum by soros
[12:18] {Geo} anderson alumni
[12:21] {Threei} OPEC SEC GENERAL AL-BADRI: SEES GLOBAL OIL SUPPLY RUNNING AT SURPLUSES BY THE END OF 2008 AND FIRST TWO QUARTERS OF 2009
[12:21] {Geo} my pilot gets nearer
[12:24] {Threei} MPEL substantial pullback
[12:24] {dino} clhb sm l .85
[12:24] {dino} .95
[12:27] {Threei} volume p;attern is changing on NQ
[12:27] {Threei} lower on pullbacks, higher on advances
[12:28] {Threei} Long Setup: UAUA .51
[12:28] {Threei} stop under .40
[12:29] {Threei} Long Setup: NQ 1308 if not losing 1304 anymore
[12:30] {dino} brb
[12:31] {Threei} .short qid half lot under 71
[12:31] {Threei} stop above 71.25
[12:33] {Threei} QID 1:1
[12:33] {Geo} nq target vad?
[12:33] {Threei} closer to 1320 for now
[12:33] {Threei} will re-evaluate as it gets there
[12:34] {Geo} QID seems lot faster than NQ
[12:34] {Threei} volatile thing
[12:34] {Geo} yeah
[12:34] {Threei} ultrashort ETF
[12:34] {Geo} ah
[12:34] {Geo} never played
[12:35] {Threei} try with small shares first
[12:35] {Geo} you do full lot?
[12:35] {Geo} exactly
[12:35] {Threei} only when I am very confident
[12:35] {Chaeron} UAUA needs a boot soon...
[12:35] {Geo} looks like a 300 for me
[12:36] {dino} sgp l .50
[12:38] {Threei} QID 1:2
[12:38] {Threei} wow
[12:38] {Threei} out .42
[12:38] {Geo} NQ one lot out
[12:38] {Geo} 1:1
[12:40] {Geo} stop still o4 vad?
[12:41] {Threei} want to tail it and don't want to overtighten...
[12:41] {Threei} how about 06?
[12:41] {Geo} NQ moves diff
[12:41] {Threei} yeah
[12:41] {Geo} back and fills
[12:41] {Threei} that's why I am in doubt
[12:42] {Threei} can't trail NQ like usual stock
[12:42] {Threei} will be shaken out 9 out of 10
[12:42] {Geo} definately tougher
[12:42] {Geo} gys who took QID smirking
[12:43] {Threei} that's what we natural born smirkers do
[12:43] {Geo} :)
[12:44] {Threei} do this Geo
[12:44] {Threei} watch the NQ move,
[12:44] {Threei} wantchg according QID move,
[12:45] {Geo} lol
[12:45] {Threei} compare them to see the correlation,
[12:45] {Geo} just set that up
[12:45] {Threei} then calculate how many shares will match how many contracts
[12:45] {Threei} compare volatility in terms of violating the setup to account for slippage
[12:45] {Threei} and you'll get your way to play QID
[12:47] {Geo} out NQ
[12:47] {Chaeron} finally UAUA
[12:47] {Chaeron} 1:1
[12:48] {Geo} 1000 shares QID apprx 3 contracts of NQ
[12:49] {Geo} so i guess my 300 QID was good as its one NQ
[12:49] {Geo} looking at vol now
[12:50] {Threei} hmm
[12:50] {Threei} doesn't look right to me
[12:50] {Geo} ?
[12:50] {Threei} my feeling is, 1000 shares QID is closer to 5 contracts
[12:53] {Geo} 1k QID = 70k 3 NQ = 78k
[12:53] {Geo} apprx
[12:55] {Threei} ?
[12:55] {Geo} leverage
[12:55] {Threei} this is wrong way to compare
[12:55] {Geo} ok
[12:55] {Threei} weigh the size of the movement against each other,
[12:55] {Geo} ok
[12:55] {Threei} see how much $ you make on 1 contract NQ
[12:56] {Geo} ok
[12:56] {Threei} calculate how many shares you need on QID to make the same amount of money on the move that corresponds with NQ
06[12:56] * Geo back to drawing board
[12:56] {Threei} meaning,
[12:56] {Threei} (just an ewxample)
[12:56] {Threei} 5 points NQ equal 50 cents QID
[12:56] {Geo} sniff
[12:56] {Threei} not saying it is, that's for to observe
[12:57] {Threei} 1 contract on 5 points gives you $100
[12:57] {Threei} then you need 200 shares QID to gain the same on corresponding move
[12:58] {Threei} capishe?
[12:58] {Geo} sigh
[12:58] {Geo} you right vad
[12:58] {lisa_jay} Thank you Vad, got 20c on UAUA.
[12:58] {Threei} good job lisa
[12:58] {Geo} still half in UAUA
[12:58] {Threei} good job sitting tight and letting trade work out
[12:58] {Threei} I know it tempted you to quit zillion times
[12:59] {Geo} man NFLX pounded for outlook
[12:59] {lisa_jay} :-)
[12:59] {lisa_jay} I learnt the hard way that good things come to those who wait.
[12:59] {Geo} you make a good case for trading QID rather than NQ vad lol
[13:00] {Geo} the stops on QID definately easier
[13:01] {Threei} I don't know lisa... I tried that yesterday, sat and stared at the ceiling telling my wife that I was waiting for Angelina Jolie to come... nothing good came out of it
[13:01] {Geo} didnt wait lon enuff
[13:02] {Threei} I want to see how long you can wait under frying pan hitting you on the head
[13:02] {Geo} lol
[13:03] {Geo} at 1X now
[13:03] {Geo} would be 2.5X if i had played NQ better
[13:03] {lisa_jay} Lol.
[13:04] {Geo} sheesh..... entry/stop/target spoonfed
[13:04] {Geo} and still lost that
[13:04] {Geo} delete that from log vad !!!!
[13:05] {Threei} nope
[13:06] {Threei} too much work
[13:06] {Threei} OPEC'S AL BADRI: OPEC HAS NO DEFINED 'PRICE RANGE'
[13:06] {Threei} yeah, it's just the more the merrier
[13:10] {lisa_jay} UAUA hit 1:3
[13:19] {Threei} Long Setup: JNPR 19 break if sstays above 18.90
[13:21] {Threei} 1:1 in a hurry
[13:22] {Chaeron} UAUA in 13.51, out 13.89 +0.38 Thanks Threei... it hit 4:1
[13:22] {Geo} half out
06[13:22] * Threei slaps Chaeron around a bit with a large trout
[13:22] {Geo} nice chaeron
[13:22] {Geo} olympic hold
[13:22] {Threei} LARGE US BANKS' 2008 FINANCIAL RESULTS WILL REPORTEDLY BE SCRUTINIZED ON EXECUTIVE PAY BY THE SEC
[13:22] {Chaeron} thx guys
[13:35] {Threei} yawn
[13:36] {Threei} trades come in bursts... followed by lull period
[13:39] {Threei} as strange as it may seem... but UAUA 14 break is still on the deck
[13:57] {Geo} out UAUA
[13:57] {Geo} oops
[13:57] {Geo} JNPR
[13:59] {Threei} make up your mind will ya
[13:59] {Threei} what is it you are out of
[13:59] {Threei} I am badly confused
[13:59] {Threei} lost
[14:00] {Threei} bedazzled
[14:00] {Threei} in short, I feel like magoo
[14:00] {dino} good movie
[14:00] {Threei} lost is not baad too
[14:01] {Geo} if sstays above 18.90
[14:01] {Geo} so stopped
[14:01] {Threei} yeah, but don't we train after 1:1?
[14:01] {Threei} trail
[14:02] {Geo} hmmm didnt move stop on secod half
[14:02] {Geo} you went to breakeven?
[14:02] {Threei} some don't read courses, books and other nuggets of wisdom I shower them with
06[14:03] * Geo is embarrassed
[14:03] {Threei} it's a routine... scalp - take 1:1, day trade - partiasl and trail
[14:03] {dino} strange day
[14:03] {Geo} where did ya move your stop vaD?
[14:03] {Threei} couple cents under trigger
[14:04] {Geo} ok
[14:04] {Geo} i was out of 700
[14:04] {Geo} but didnt move stop :(
[14:07] {lisa_jay} I got 10c from JNPR, thanks Vad.
06[14:07] * laserdave1 slaps Threei around a bit with a large trout
[14:07] {Threei} welcome lisa
06[14:07] * Geo slaps laserdave1 around a bit with a large trout
06[14:07] * laserdave1 slaps Chaeron around a bit with a large trout
06[14:07] * laserdave1 slaps Geo around a bit with a large trout
[14:07] {Threei} sigh... sneaked in unnoticed eh?
06[14:07] * laserdave1 slaps magoo around a bit with a large trout
[14:07] {Geo} i thought he would get to me later
06[14:07] * laserdave1 slaps magoo around a bit with a large trout
06[14:07] * laserdave1 slaps magoo around a bit with a large trout
[14:07] {laserdave1} ya witha few bonus ones for magoooooooo
[14:08] {dino} magoo's out.
[14:09] {Threei} cold?
[14:09] {laserdave1} hes out?
[14:09] {laserdave1} really
[14:09] {laserdave1} hmmm ok
[14:09] {laserdave1} thanks for the tip
06[14:09] * laserdave1 slaps magoo around a bit with a large trout
06[14:09] * laserdave1 slaps magoo around a bit with a large trout
06[14:09] * laserdave1 slaps magoo around a bit with a large trout
[14:09] {laserdave1} appreciate teh heads up :)
[14:09] {dino} lol
[14:09] {dino} out of office
[14:09] {Geo} trouting in absentia
[14:09] {laserdave1} gotcha
[14:14] {dino} oiut sgp .62, +.12
[14:15] {Threei} careful dino...
[14:16] {Threei} OPEC SEC GENERAL AL-BADRI: OPEC WILL NOT ASK RUSSIA TO CUT PRODUCTION
[14:16] {Threei} lol
[14:16] {dino} ??
[14:17] {Threei} you think they should?? :)
[14:17] {dino} cetv sm l .00
[14:18] {Threei} oh, you wondered about "careful"?
[14:18] {Threei} that's 'cause taking 12 cents profits you again intervene into my territory :)
[14:19] {dino} ahhh, ok, went size
[14:19] {dino} had pretty good floor
[14:19] {Threei} yeah, thick one
[14:19] {Threei} not exactly the kind you usually play
[14:19] {dino} i wanted cme at 320, never got there
[14:19] {dino} mkl nice
[14:20] {dino} cedc off of .00 may be worth try
[14:20] {dino} still think qcom comes back a buck too
[14:20] {dino} so, basically watching alot of sh#t
[14:22] {Threei} still interested in UAUA 14 break
[14:22] {Threei} too strong to ignore
[14:23] {dino} oih heading up fwiw vs uaua
[14:24] {Chaeron} .90 stop UAUA?
[14:25] {Threei} if it stays above it before triggering, yes
[14:29] {Geo} wow
[14:29] {Threei} that was frikishly fast
[14:29] {Geo} i used OMS stop not stop liomit
[14:29] {Geo} got 14.09
[14:29] {Geo} sheesh never doing that again
[14:29] {Threei} why would you do that
[14:29] {Geo} i guess thats market
[14:30] {Threei} half out
[14:30] {Threei} .11
[14:30] {peterg} nickel
[14:30] {Threei} stop to .95
[14:31] {Threei} took scalp in full peter?
[14:31] {peterg} yes
[14:31] {Threei} OK... I just waited for this break for too long :)
[14:32] {peterg} what did you get in at?
[14:32] {Threei} 14.03
[14:32] {lisa_jay} Took 9c, buy on pullback after break. Thanks Vad.
[14:32] {Threei} lisa :)
[14:33] {peterg} good0
[14:33] {Geo} half out .19
06[14:33] * Geo trying to redeem himslef
[14:34] {Threei} now I know for sure magoo is not in the office
[14:34] {Threei} since no one says "redeem this" swinging the trout
[14:34] {Geo} 100 left
[14:34] {Geo} 200
[14:34] {Geo} lol
[14:34] {Threei} 1:2, 1/2 more out
[14:34] {Threei} 1/4, sorry
[14:34] {lisa_jay} Just wanted to add that if i played today with a decent size, would have paid for course on first day.
[14:34] {Chaeron} guys need to review fraction math.........
[14:35] {Threei} there you go lisa... when doing things right it pays for itself
[14:35] {Geo} course or month?
[14:35] {Threei} beautiful UAUA
[14:35] {Geo} all out
[14:35] {Threei} me too
[14:35] {lisa_jay} Course...and months too. Sigh..UAUA too eager to get out!!!
[14:35] {Threei} .28
[14:35] {Geo} .26 darn
[14:35] {Geo} 17 cents after boo boo entry
[14:36] {Chaeron} UAUA in 14.02 out 14.27... took $0.25... thanks Vad
[14:36] {Geo} now that luck dino :)
[14:36] {Geo} wow UAUA
[14:36] {Chaeron} now it goes to 16...:)
[14:37] {Threei} hehe
[14:37] {Chaeron} that nice vol spike at 13.97+ area really tip it off
[14:38] {Threei} [13:39] {Threei} as strange as it may seem... but UAUA 14 break is still on the deck
[14:38] {Threei} one hour ago, lo0l
[14:38] {Geo} I am amazed after so many mistakes i have paid for one month room
[14:38] {Threei} lol
[14:39] {Threei} you mean today
[14:39] {Geo} yup
[14:39] {magoo} back
[14:39] {Geo} dave was looking for you
06[14:39] * Chaeron slaps magoo around a bit with a large trout
[14:39] {Threei} [14:33] * Geo trying to redeem himslef
[14:39] {Threei} [14:34] {Threei} now I know for sure magoo is not in the office
[14:39] {Threei} [14:34] {Threei} since no one says "redeem this" swinging the trout
[14:39] {Chaeron} man... you missed a lot
06[14:40] * Geo slaps Chaeron around a bit with a large trout
[14:40] {Geo} thtas our line for you
[14:40] {Chaeron} lol
[14:40] {Geo} lol
[14:40] {Chaeron} 15 coming on UAUA
[14:40] {Chaeron} sheesh
[14:40] {Geo} dont tell me you still in
[14:40] {Chaeron} saw I was out and said " See ya!"
[14:41] {Chaeron} out at .27
[14:41] {Geo} vad?
[14:41] {Geo} your 1/4 left?
[14:41] {lisa_jay} Are you still in UAUA Vad?
[14:41] {Threei} no
[14:41] {Threei} 14:35] {Geo} all out
[14:41] {Threei} [14:35] {Threei} me too
[14:41] {Threei} [14:35] {Threei} .28
[14:41] {Geo} for the amount of time you waited for this
[14:41] {Geo} you should have held overnigth !
[14:42] {Threei} well, it's not like I sat not breathing or doing aything else, staring at UAUA
[14:42] {Geo} hhehehe
[14:42] {lisa_jay} He was waiting for A. Jolie.
[14:43] {peterg} shes here with me
[14:43] {peterg} brad and the kids too
[14:43] {Threei} and what do you know... UAUA dropped by first
[14:43] {Geo} evening tea peterg?
[14:43] {peterg} yes & reading religious literature
[14:43] {Chaeron} hey peter... do drinking and trading allowed :)
[14:44] {Threei} peter... send her over but please, keep brad and kids
[14:44] {lisa_jay} We are happy it was UAUA first.
[14:44] {Chaeron} that's NO drinking
[14:44] {Geo} of course peterg
[14:44] {peterg} she want to stay in midwest
[14:44] {peterg} beautiful uaua
[14:45] {Threei} that's my consolation line peter
[14:45] {peterg} oops
[14:46] {hawkfan4} dino, what's the 8 ball saying?
[14:47] {Threei} {dino} my 8 ball says you guys should get yours
[14:48] {hawkfan4} lol
[14:48] {dino} .49 out hig,+.49
[14:50] {Threei} very nice pullback UAUA
[14:50] {Threei} moves in perfect unison with NQ now
[14:51] {dino} lol. sorry, distracted. 8 ball, ask again later
[14:52] {Threei} told yas
[14:52] {Threei} it's a polite speak for "get your own"
[14:52] {hawkfan4} all 8 balls are not created equal
[14:53] {dino} pool dawg.com. some neat pool balls
[15:02] {magoo} vad, up or down into bell?
[15:03] {dino} up
[15:03] {Threei} up
[15:05] {Threei} with next spike ADBE is a long candidate on .50 break
[15:07] {dino} qcom does the buck w/o me
[15:07] {Threei} with pullback that deep, aggressive entry's better
[15:09] {Threei} QCOM should be good from here with NQ turn
[15:10] {Threei} QCOM .11 if not losing 38
[15:11] {Threei} ADBE .31 if not losing .20
[15:11] {Threei} come on NQ, time to stun the world
[15:12] {Threei} world is ready to be stunned
[15:14] {dino} zap!
[15:14] {Threei} QCOM doesn't want to participate in stunning
[15:14] {Threei} you ADBE?
[15:16] {Chaeron} need to kick the shyness outta ADBE I think
[15:16] {Geo} kick the shynes lol
[15:17] {Threei} need little NQ help
[15:17] {Threei} not much of that eh
[15:20] {magoo} down we go.sigh
[15:20] {lisa_jay} UAUA just gave back that whole move up from 14.
[15:26] {Threei} going to try QCOM .51
[15:26] {Threei} if holding above .40
[15:26] {Threei} not holding
[15:26] {Chaeron} sigh
[15:27] {dino} sm l qcom .40
[15:33] {Threei} hmm... I guess it's not up so far eh?
[15:37] {dino} guess not
[15:38] {Threei} my 8 ball tries to blame yours
[15:39] {Threei} let' let them duke it out
[15:39] {Geo} flat for the day
[15:40] {Geo} need a spicy panang curry for lunch
[15:41] {Threei} US TREASURY'S PAULSON: SEE DIFFICULT MONTHS AHEAD - INTERVIEW
[15:41] {Threei} wow UAUA
[15:41] {Geo} strong
[15:45] {dino} qcom stopped -.41
[15:49] {dino} lod
[15:49] {cosmo} me too
[15:49] {Threei} UAUA is not dropping with NQ anymore
[15:50] {Threei} first bounce candidate on market bounce
[15:52] {Geo} in from 6
[15:52] {Geo} .76
[15:52] {Threei} beautiful
[15:53] {Geo} all out .94
[15:53] {Geo} .93
[15:53] {Geo} oops
[15:53] {Geo} got scared
[15:53] {Geo} of closing time
[15:53] {Chaeron} nice one geo
[15:53] {Geo} hehehe back at 1x
[15:53] {Geo} no panang curry with soup !
[15:54] {Geo} now
[15:54] {dino} lol
[15:54] {dino} genz
[15:55] {Geo} vad you have a admin message on laser?
[15:55] {Threei} yes
[15:55] {Geo} ok
[15:55] {Threei} just bought tickets to New York
06[15:55] * Geo doing same
[15:56] {Geo} ok glad to be scared and out
[15:56] {Threei} scared or not, that was a bounce dcalp
[15:56] {Threei} good exit
[15:56] {Geo} was watching NQ for exit
[15:59] {Threei} new low
[15:59] {Threei} good
[15:59] {Threei} was afraidf those prices would start get away from us
[15:59] {dino} hbhc
[16:00] {Threei} now, can we get UAUA back under 6 and repeat whole thing?
[16:00] {Geo} wow
[16:00] {Threei} thank you all
[16:00] {peterg} beginning of rebuild confidence
[16:00] {peterg} thank you
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {Geo} thanks vd

Monday, October 20, 2008

As tradition goes, RealityTrader is holding an open house on its Birthday. Join us for two days on Thu and Fri, Oct 23 and 24. No password required, just download the connector at http://www.realitytrader.com/rtc.exe and use any username and password. We will advise additionally on Wed after the market close when the room is open.

Drop by, say hello, join our trades, share your ideas.

See you in the room!


Session Time: Mon Oct 20 00:00:00 2008

[07:59] {magoo} morning
06[08:03] * magoo slaps Threei around a bit with a large trout
06[08:11] * Threei slaps magoo around a bit with a large trout
[08:17] {Threei} watching ING, ABK
[08:17] {magoo} okj
[08:17] {magoo} sigh
[08:17] {magoo} OK
[08:18] {magoo} typing getting worse as in not better
[08:19] {Threei} as long as pattern of typing quality moving in reverse to trading quality...
[08:26] {Threei} PSUN
[08:26] {Threei} ADRENALINA PROPOSES TO ACQUIRE CO FOR $4.50 PER SHARE
[08:26] {Threei} buyers at 5.72 can't read?
[08:26] {Threei} WBMD and HLTH halted
[08:26] {Threei} merger probably?
[08:30] {Threei} lol... termination of meger agreement
[08:30] {Threei} merger
[08:36] {magoo} vad..do u know how many up days in last 12? we were only 1 of 9
[08:37] {Threei} (IC) ICELAND MAY BE READY TO ANNOUNCE A $6B RESCUE PACKAGE FROM THE IMF - FT
[08:37] {Threei} - Note on 10/16 the IMF chief ntoed that the IMF was ready to provide aid to emerging economies that are being imapcted by the global financial crisis
[08:37] {Threei} lost me
[08:38] {magoo} was dow /naz up or down 2 of 5 last week
[08:38] {Threei} most of days are down
[08:39] {Threei} were
[08:39] {Threei} you want me to calculate exact number?
[08:39] {magoo} are could still apply lol
[08:39] {magoo} no
[08:39] {Threei} thank you
[08:40] {magoo} are we still oversold?
[08:40] {magoo} yes i assume
[08:41] {magoo} i guess what im trying to ask{and doing very poorly here} are we due for powerful up day?
[08:42] {dptl} good morning all
[08:42] {Threei} dp :)
[08:42] {Threei} we are, unless we are not...
[08:42] {Threei} why guess
[08:43] {Threei} so far sure looks like it,
[08:43] {Threei} let's see how market is holding on pullbacks, how willingly it breaks highs
[08:43] {Threei} story will become clear
[08:49] {Threei} ING looks nice... most likely buy on pullbacks
[08:50] {hawkfan4} morning all
[08:50] {Threei} hawk :)
[08:53] {cosmo} also: its too early to tell about the NFL and AFL teams....
[08:53] {cosmo} for bull and bear purposes
[08:53] {cosmo} hehe
06[08:54] * magoo slaps cosmo around a bit with a large trout
[08:55] {cosmo} ...sounds about right...i guess
[08:56] {cosmo} INTC likes ERIC ... maybe?
[08:59] {ese} morning.....
[08:59] {Threei} ese :)
[09:00] {ese} mornign vad
[09:01] {Threei} caught .95 on ING pullback
[09:01] {Threei} IMF MID-EAST HEAD: MANY LENDERS CONCERNED OVER DUBAI DEFAULT RISK
[09:02] {Threei} now.... to scalp or let it trade...
[09:03] {Threei} stop under .80
[09:05] {Onix} Good morning all
[09:05] {dino} gm all
[09:05] {Geo} gm all
[09:05] {Threei} onix, dino :)
[09:07] {dino} gap above dji 9310, and most likely below on the open. careful
[09:11] {Threei} half out 12.08
[09:11] {Threei} offering 1/4 more at 12.20
[09:11] {Threei} stop to .89
[09:21] {Threei} GOLDMAN SACHS RAISED ING TO NEUTRAL FROM SELL
[09:21] {Threei} - Removed from Conviction Sell List
[09:23] {Threei} watch this offer
[09:23] {Threei} it chases ING ddown
[09:23] {Threei} if it's taken, most likely jump in cards
[09:24] {Threei} getting hit
[09:25] {Threei} if you took it stop under .90
[09:25] {cosmo} HLTH
[09:26] {cosmo} could heal
[09:26] {cosmo} imho
[09:27] {Threei} 12.09 INCA offer is next to overcome
[09:29] {Threei} taken
[09:29] {Onix} you mean ING?
[09:29] {Threei} yes
[09:32] {Geo} SNDK
[09:33] {Threei} UAUA, watching for bounce
[09:33] {Threei} half lot, around 11 most likely
[09:34] {Threei} 11.50 break if holding above .30
[09:34] {Threei} half lot
[09:35] {ese} thought about AMAG....couldn't find anywhere to get in...man does it bounce around alot
[09:36] {dino} sm l cedc .80
[09:38] {Threei} MXIM
[09:39] {Threei} .60 break small shares
[09:39] {Threei} stop under .40
[09:40] {dino} cree
[09:40] {dino} missed it
[09:41] {cosmo} ASML
[09:41] {cosmo} .97 hod
[09:42] {Geo} what up with RIMM?
[09:42] {Threei} good question
[09:43] {Threei} UAUA stopped
[09:43] {Onix} stopped UAUA
[09:45] {Geo} [06:31] {Geo} SNDK
[09:46] {Threei} REMINDER: FED CHAIRMAN BERNANKE SCHEDULED TO TESTIFY BEFORE THE HOUSE BUDGET COMMITTEE ON THE ECONOMIC OUTLOOK AT 10AMET
[09:46] {Threei} **an advanced text and Q&A with the Congressmen are expected.
[09:48] {dino} csh sm l .55
[09:50] {Threei} what's with MPEL
[09:53] {ese} i don't see anything unusual there vad
[09:53] {ese} was there bad news on it last week or something
[09:53] {Threei} Long Setup: MPEL 4.01 if holding aabove .95
[09:56] {Threei} out 1/4 more ING 12.28
[09:56] {Threei} stop under 12
[09:58] {Threei} MXIM 1:1
[09:59] {Threei} UAUA shakeout
[09:59] {dptl} mxim +.20 ty
[09:59] {Geo} my MPEL ts not moving
[10:00] {Geo} platform?
[10:00] {Threei} SEPT LEADING INDICATORS: 0.3% V -0.1%E
[10:00] {dino} v sm itri .70
[10:00] {Threei} FED'S BERNANKE: CONSIDERING A NEW FISCAL STIMULUS PACKAGE IS APPROPRIATE, BUT ANY STIMULUS MUST BE APPROPRIATE
[10:01] {Threei} out last ING .44
[10:01] {Geo} MXIM .2 thanks vad
[10:01] {Threei} welcome
06[10:02] * Threei is kicking MPEL in the rear
[10:02] {Threei} was that a kick or was that a kick
[10:02] {Geo} heh
[10:02] {dino} out csh .27, +.72
[10:03] {Onix} i MPEL @4.00
[10:04] {Onix} ty fo that kick Vad
[10:04] {Threei} it hit 1:2 on initial spike lol
[10:05] {Geo} yeah couldt position fast enuff
[10:05] {Geo} :)
[10:06] {Geo} out 1:1
[10:06] {Geo} half
[10:07] {dino} ice nice day range
[10:11] {dino} out itri .21, +.51
[10:13] {Threei} watching CHK for bounce
[10:14] {Threei} 22.50 closest support
[10:28] {Threei} QID long smaller shares .40
[10:28] {Threei} stop under .20
[10:28] {Threei} .70 half out
[10:28] {Geo} nq call if possible?
[10:29] {Threei} can'ty do both at the same time
[10:29] {Geo} true :(
[10:29] {Geo} missed QID
[10:29] {Threei} it's easy to see corresponding levels
[10:30] {dino} tech getting hit, rimm, aapl, qcom
[10:30] {Threei} stop under .30 for the balance
[10:30] {Chaeron} Good morning all
[10:30] {Threei} chaeron :)
[10:31] {Threei} MPEL over 1:2
[10:31] {Threei} 1:4
[10:32] {Threei} out in full
[10:32] {Threei} .20
[10:34] {Threei} Long Setup: CHK .51 if holding above .35
[10:37] {Threei} no worky
[10:37] {Chaeron} out CHK -0.18
[10:37] {Onix} stopped chk
[10:37] {Geo} out
[10:37] {Chaeron} thanks tho Threei
06[10:38] * Geo wonders if chaeron likes sushi
[10:38] {Chaeron} yep :)
[10:39] {Geo} i confess this is my second CHK stopout
[10:41] {Onix} me too
[10:42] {Geo} :)
[10:42] {Onix} lol
[10:42] {Geo} didnt scale as was up only 6 cents then got stopped
[10:42] {Onix} made $13 in MPEL though :)
[10:46] {dino} sm l qcom .75
[10:49] {magoo} who are the big reports tonite anyone?
[10:49] {hawkfan4} market's hungover
[10:50] {Geo} http://online.barrons.com/public/page/barrons_econoday.html?mod=topnav
[10:50] {Threei} I don't see anyone that matters
[10:50] {Geo} http://online.barrons.com/page/markets_calendar.html?mod=topnav
[10:51] {magoo} ty
[10:51] {dino} biz.hahoo.com/research/earncal/today.html
[10:51] {Geo} ummmm hahoo?
[10:52] {hawkfan4} http://moneycentral.msn.com/investor/market/earncalendar/
[10:53] {Geo} well my barrons can beat msn's a$$
[10:54] {hawkfan4} :) lol
06[10:54] * Geo was hoping for a trout
06[10:54] * hawkfan4 slaps Geo around a bit with a large trout
[10:54] {Geo} :)
[10:58] {Geo} so I put a bear put spread on QQQQ for dec expiration
[10:58] {Geo} dont hink the releases will be scintillating
[10:59] {dino} geo, lol
06[10:59] * Geo credits barron
[10:59] {Threei} RIMM UPDATE: HEARING CUT EARLIER AT A BOUTIQUE FIRM (FIRST GLOBAL)
[11:06] {Threei} FED'S BERNANKE: BEST WAY TO HELP HOUSING MARKET IS TO PREVENT FORECLOSURES; HARD TO PUT A BOTTOM IN HOUSING
[11:07] {dino} thinking out loud, let the markets work
[11:11] {cosmo} we have no choice, i think
[11:11] {Geo} orderly down
[11:12] {cosmo} so far
[11:12] {dino} out qcom .85, +.10, don't like mkt feel
[11:12] {Threei} REMINDER: TREASURY'S PAULSON IS SCHEDULED TO DISCUSS DETAILS OF THE GOVERNMENT'S BANK EQUITY PURCHASE PLAN AT 11:30AMET
[11:13] {cosmo} hmmm
[11:13] {dino} qcom suckered me
[11:17] {Threei} Long Setup: NQ 1300 if stays above 1295
[11:18] {Threei} Short Setup: QID .40 if stays below .65
[11:18] {Geo} TY
[11:18] {Threei} sigh
[11:18] {Geo} ?
[11:18] {Threei} too much work :)
[11:18] {Geo} lol
[11:19] {magoo} l aapl here 300 shares .31
[11:20] {magoo} offer .89 area
[11:20] {Threei} cover half QID
[11:20] {Threei} decide between taking profit in full around 72 and riding it
[11:20] {magoo} stop it .97
[11:20] {magoo} 93.97
[11:21] {Threei} if trying to hold, stop is above .50 for the balance
[11:22] {Threei} move your butt NQ, time for bounce
[11:23] {Threei} stop to above .40 for the QID balance
[11:24] {magoo} out .89
[11:24] {magoo} easy button
[11:24] {Threei} wtg mags
[11:24] {Geo} nice magoo
[11:24] {magoo} any takers?
[11:24] {Geo} sorry in NQ
[11:28] {Threei} try to cover the rest of QID under 71.50 or so
[11:30] {Threei} covered 1/4 more QID
[11:30] {Threei} .43
[11:30] {Threei} stop to above 72
[11:30] {Threei} US TREASURY'S PAULSON: EQUITY BUYING PLAN 'INVESTMENT' NOT 'COST', STAKES WILL BE 'TIER 1 CAPITAL', ENCOURAGING ALL BANKS TO APPLY FOR PROGRAM
[11:30] {Chaeron} dang... last time I go to meet a client "for a second"... missed all the great trades
[11:30] {Geo} :)
[11:31] {Geo} chaeron "missing" indicator
[11:31] {Chaeron} but I got that CHK one!!!!
[11:31] {Threei} half out NQ
[11:31] {Geo} got TY vad
[11:31] {Threei} 8 points
[11:32] {Threei} ugh, missed QID cover near 71 for the last portion
[11:32] {Geo} anyone else playing NQ?
[11:32] {Threei} - Nov 14 is deadline for application for program, purchases by Govt will not be 'first come, first serve', banks can sell shares worth 1-3% of assets
[11:32] {Threei} - Notes that banks will be expected to increase their anti-foreclosure efforts
[11:34] {dino} calm
[11:34] {Geo} out NQ
[11:34] {Geo} still learning
[11:34] {Geo} got the 8 vad thanks
[11:34] {Threei} :)
[11:34] {Geo} hmm QID much faster
[11:41] {dino} ice sm l .25 wide, jumpy one
[11:42] {Threei} long period of hesitation in the market
[11:42] {magoo} whats your thoughts?
[11:42] {Threei} deep inner feeling, up
[11:43] {Threei} still holding last portion of QID short
[11:43] {magoo} this week?
[11:43] {Threei} ?
[11:43] {magoo} he he
[11:43] {Threei} what week... talking about today :)
[11:44] {Threei} come on QID, lose 71
[11:44] {Threei} accordingly, come on NQ, break 1310
[11:45] {Threei} good boys both
[11:45] {Threei} covered QID in full
[11:45] {Threei} .80
[11:45] {Threei} this is what, $1.60?
[11:45] {Threei} yup
06[11:46] * Threei is dino wannabe
[11:46] {Threei} NQ 16 points here
[11:46] {Threei} make up your mind
[11:46] {dino} ?
[11:47] {Threei} still feels like more upside
[11:47] {Threei} +1.60, dino... that's your kind of wins rather than mine :)
[11:48] {Threei} and hey, just like you I get no recognition, appreciation or respect {G}
06[11:48] * Chaeron slaps Threei around a bit with a large trout
[11:48] {Threei} there
[11:48] {Threei} that's what I get :)
[11:48] {Chaeron} *I* care
[11:49] {dino} ok, 3i, but enough of that, you stealling my thunder
[11:49] {Threei} sorry
[11:49] {magoo} feels like qqqq 33,50 vad imo
[11:49] {Threei} but you opened door first:
[11:49] {dino} sm l csh .60
[11:49] {Threei} [11:12] {dino} out qcom .85, +.10,
[11:49] {Threei} see? :)
[11:49] {dino} lol
[11:50] {dino} yeah, i blew that one, went a buck +
[11:50] {magoo} u troo bunch wyners
[11:50] {dino} dumb-dumb
[11:50] {dino} gut said down hard\
[11:50] {Threei} you venture on my territory, I feel justified intervening in yours :)
[11:50] {dino} just remember this....the way i see it is you got it and i want it
[11:50] {dino} plain and simple
[11:51] {Threei} OK, over 20 points NQ
[11:51] {Threei} feel free to exit
[11:51] {Geo} still in NQ from 1305
[11:52] {Geo} reentered
[11:52] {Geo} 1lot
[11:53] {Geo} stop hiding behind 15
06[11:53] * Threei slaps hawkfan4 around a bit with a large trout
[11:53] {Geo} think more upside
[11:53] {Threei} just a reminder... not every day they move 70 points, hawk
[11:53] {Geo} hawk?
[11:53] {hawkfan4} lol, :) scalpy day for me
[11:54] {Geo} lol
[11:54] {Threei} ok :)
[11:54] {Threei} oh, and
06[11:54] * Threei slaps Geo around a bit with a large trout
[11:54] {Threei} for making me work twice as hard
[11:54] {Geo} i appreciate you 3x as much
06[11:54] * Geo slaps Threei around a bit with a large trout
[11:54] {Threei} means nothing to me unless expressed in hard currency
[11:54] {dino} same hawk
06[11:55] * Geo looks busy
[11:56] {Threei} OPEC PRESIDENT: AGAIN CALLS ON NON-OPEC NATIONS TO CONSIDER OUTPUT CUTS
[11:56] {Threei} WHITE HOUSE: SECOND STIMULUS WILL BE EVALUATED WITH CONSULT OF ADVISORS
06[11:58] * Geo cant belive he is still hoolding
[11:58] {Threei} FDIC: CONFIRMS MAXIMUM ALLOWED UNDER BANK EQUITY PLAN WOULD BE 3% OF RISK WEIGHTED ASSETS OR $25B
[11:58] {dino} darn, i needed more than 25b
[11:59] {Geo} i do with a b less
[11:59] {Geo} {- can
[12:00] {dino} how can i give out bonuses w/only 25b
[12:01] {Threei} true
[12:01] {Geo} AIG has cancelled event which would have cost 80 mill
[12:01] {Geo} keeping all its lobbying office though
[12:01] {Threei} I didn't think this through when accepted their measly 25B :(
[12:01] {Geo} events
[12:02] {Geo} so the last debate has been called witless vs slippery
[12:03] {Geo} out NQ
[12:03] {Threei} nice choice
06[12:03] * Threei is glad he isn't USA resident
06[12:03] * Geo thinks 3i is being smug
[12:03] {Threei} and proud of it
[12:04] {Geo} what happens if we stop buying igloos?
[12:04] {Threei} you can't
[12:04] {Threei} you need to live somewhere with all those foreclosures
[12:04] {Geo} lol
[12:04] {Geo} touche
[12:05] {dino} dino thinks 3i worries too much...in the end none of it will matter
[12:06] {Threei} I guess
[12:06] {Geo} anyone heard of andrew lahde?
[12:06] {Threei} these things have this way of somehow levelling off
[12:06] {Threei} that's smug Geo
[12:06] {Geo} enjoy !
[12:06] {Geo} http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVUE96d.HKyw
[12:06] {Threei} hedge fund guy who made nice money, quit and wrote smug letter
[12:06] {dino} they will inflate it away. that is the cycle system
[12:06] {Geo} lol
[12:07] {Geo} he said in the end 50 yrs no one will be remembered
[12:08] {dino} you know, instead of these stimylous hadouts, just lower taxes
[12:09] {dino} wow, major sapelling errors w/that last one
[12:10] {dino} see what happens when i don't look at keys
[12:10] {Threei} lol
[12:10] {Threei} you type like I do
[12:10] {hawkfan4} it's ok, we all have bad sapelling
[12:13] {dino} out ice .57, +1.32
[12:13] {dino} take that 3i
[12:14] {dino} :)
[12:14] {hawkfan4} nice one
[12:14] {ese} see ya tomorow.........
[12:14] {dino} later es
[12:14] {hawkfan4} cya es
[12:14] {ese} later dino
[12:14] {dino} ty hawkster
[12:14] {Geo} bye es
[12:14] {ese} hawk
[12:15] {Threei} take care ese
[12:15] {Threei} I am spechless dino
[12:15] {Chaeron} bye ese!
[12:16] {Threei} CIEN
[12:16] {Threei} HEARING RENEWED TAKEOVER CHATTER
[12:20] {dino} about time, lol
[12:23] {magoo} sad...180 up feels like dead market
[12:23] {Threei} well, there was big gap
[12:27] {Geo} off to work..... neg in stocks pos in NQ today.. thanks
[12:28] {dino} yeah magoo 250 range not cutting it
[12:28] {dino} later geo
[12:28] {dino} out csh .39, +.79
[12:29] {dino} imf chief says "she was hot"
[12:31] {Threei} FED'S LOCKHART: ECONOMIC WEAKNESS WILL CONTINUE INTO 2009, SLOWER GLOBAL GROWTH IS HAMPERING US EXPORTS
[12:31] {dino} these guys are very insightful
[12:47] {Threei} FNM
[12:47] {Threei} CEO: COMPANY GUARANTEEING APPROX $40B IN LOANS PER MONTH, PORTFOLIO MAY GROW $100B IN COMING YEAR
[12:49] {Threei} watching JNP for pullback entry
[12:49] {Threei} looks like slow steady climber
[12:51] {Onix} jnp?
[12:51] {Threei} JNPR
[12:51] {Threei} sorry
[12:52] {Threei} doesn't want to pull back
[12:52] {Threei} even though market does
[12:55] {Threei} boring day somewhat eh?
[12:56] {hawkfan4} really is. lousy tape today
[12:59] {Threei} well... after all he excitementof last two weeeks, market is probably entitled to a few hours of rest
[13:02] {dino} lphi
[13:10] {Threei} SOUTHERN CALIFORNIA HOME PRICES FELL 33% Y/Y IN SEPT TO A MEDIAN OF $308K, HOME SALES ROSE 65% IN SEPT AS BUYERS TAKE ADVANTAGE OF FORECLOSURES - MDA DATAQUICK
[13:10] {Threei} cosmo and chaeron are buying
[13:14] {Threei} MPEL new high
[13:14] {Threei} this thing is serious today
[13:23] {hawkfan4} ES looking breaky at 964. 5/15 min cup/handle. AAPL good tell
[13:25] {Threei} TTWO
[13:25] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[13:25] {Threei} {ERTS}
[13:26] {Threei} JNPR climbing
[13:26] {Threei} anyone found entry?
[13:27] {hawkfan4} didn't
[13:33] {Threei} in case you haven't noticed:
[13:33] {Threei} FED'S KROSZNER: US CONSUMERS ARE FACING MANY CHALLENGES
[13:34] {hawkfan4} one of my biggest challenges as a consumer is portion control
[13:36] {Threei} with any market help JPNR will take .50
[13:38] {Threei} that's no help, market
[13:43] {Geo} back
[13:48] {magoo} whatever happened to good ole days of polus 600 points\
[13:48] {Threei} lol
[13:49] {magoo} u remember..goog up 49
[13:49] {Threei} got a feeling we are to see powerful ramp-up today?
[13:49] {magoo} cme up 63
[13:49] {magoo} i "feel" q 33.50 area
[13:50] {magoo} but hey...i dont know
[13:50] {magoo} i am in bidu 100 shares at 246.40 just in case
[13:51] {magoo} oops..248.4
[13:51] {Threei} anyone went for JNPR break, offer half .65
[13:58] {Threei} SILICON ALLEY INSIDER SPECULATES RECENT WEAKNESS COULD MAKE RIMM AN ATTRACTIVE TAKEOVER TARGET
[13:59] {Threei} {----- SILICON ALLEY OUTSIDER SPECULATES IT COULD BUT WOULDN'T
[14:05] {dino} sm l bwld .50
[14:06] {dino} be one heck of a bid
[14:07] {Threei} offer the balance JNPR .80
[14:08] {Threei} hit
[14:08] {magoo} go naz goooooooooooooooooooooooooooooooooooooooooooooooo
[14:22] {Geo} .
[14:25] {magoo} hows volume todfay?
[14:25] {Threei} low
[14:28] {Threei} intriguing chart... ALTH
[14:37] {dino} calm sm l .79
[14:44] {Threei} break of 27 should do that for you
[14:48] {dino} wall of china
[14:48] {dino} entry was .70, mis-tyoe again
[14:49] {Geo} mistletoe
06[14:49] * Geo is bored
[14:49] {dino} lol
[14:49] {dino} t y p e
[14:49] {dino} good thing i look at trading keyboard
[14:50] {Geo} :)
[15:06] {_eliaun} hi all i am new here from israel
[15:06] {Geo} hi
[15:06] {Threei} hello eliaun, welcome
[15:07] {magoo} welcome
[15:07] {hawkfan4} hello
[15:07] {dino} welcome
[15:07] {_eliaun} i am seeing you people arnt busy
[15:07] {Chaeron} welcome eliaun... you mind "eli" for short?
[15:07] {_eliaun} hello again :)
[15:08] {_eliaun} actually thats my street name
[15:08] {dino} busy morning, scroll up, afternoon dried up
[15:08] {Chaeron} great... we're informal here
[15:08] {dino} good day overall
[15:08] {Threei} GSES HAVE REPORTEDLY PLACED A BID FOR MORTGAGE MANAGEMENT OF THOSE PURCHASE THROUGH TREASURY BAILOUT PLAN - UNCONFIRMED REPORT
[15:09] {Threei} fox in a henhouse anyone?
[15:09] {Chaeron} um Vad, do you mind? we're making a new friend here... hold the news?
[15:09] {Threei} sorry
[15:09] {Chaeron} :)
06[15:09] * Threei crawls back under the rock
[15:09] {Chaeron} what happened to monastary?
[15:09] {Threei} it's off the agenda until I find female one
[15:10] {_eliaun} Hi Vad i like your book TOTR
[15:10] {Threei} thank you eli
[15:10] {_eliaun} thats why am here
[15:10] {Threei} (I really need to read it)
[15:11] {_eliaun} funny
[15:11] {Chaeron} That's why Vad's here too :)
[15:11] {Threei} thank you again... not many appreciate our sense of humor
[15:11] {Threei} and I can't blame them
06[15:11] * dino slaps Threei around a bit with a large trout
[15:11] {_eliaun} ok i see i am going to subscribe to this group
[15:11] {dino} that was easy
[15:11] {Threei} 9 out of our 10 jokes are decisively not funny
[15:11] {Threei} and 10th is just horrible
[15:12] {_eliaun} horrible is good enough for a lough
[15:12] {Chaeron} Threei with another typo... our = my
[15:12] {Threei} lol
[15:12] {Threei} OK, do we get a play for the last hour or whole second half of the day is hopeless
[15:13] {dino} eli, casreful, they will scold you worse for mis-spelling, than bad trade
[15:13] {dptl} nahh :)
[15:14] {Threei} Long Setup: NQ 1340
[15:14] {Threei} if not losing 35 anymore
[15:14] {Threei} accordingly,
[15:14] {dptl} you trading eminis,Vad?
[15:14] {Threei} Short Setup: QID 68
[15:14] {Threei} nah, I do QID
[15:15] {Threei} it's Geo and hawk and tom that made me call NQ
[15:15] {dptl} oh...i see
[15:15] {Threei} (and I actively dislike them for that)
[15:15] {_eliaun} i need advice for online broker somone can i privately talk to somone?
[15:15] {hawkfan4} lol vad
[15:15] {Threei} we have recommended one on our website eli
[15:16] {Threei} dcc me if can't find it
[15:18] {Threei} market is really jerky here
[15:18] {Threei} aggressive entries are much better
[15:19] {Threei} shakeouts everywhere
[15:19] {Threei} QID short off 69 was kind of unnerving but safer bet
[15:20] {magoo} bidu does NOT report tonite do they?
[15:20] {Geo} wo QID
[15:21] {magoo} all other ytechs struggling
[15:21] {magoo} except BIDU
[15:21] {Threei} no mags
[15:22] {magoo} ty
[15:24] {dino} magoo's struggling.........from a hangover
[15:24] {magoo} a blowpop lolly pop just hit me in the forehead...that hurt
[15:25] {dino} :)
[15:25] {Chaeron} nice shot
[15:26] {dino} ;-)
[15:26] {Geo} what was the stop for QID?
[15:27] {Threei} it never triggered
[15:27] {Geo} sorry (not trading... in office)
[15:27] {Threei} you just enjoy making me work, don't you
[15:28] {dptl} may i?
[15:28] {Threei} do the honors dp
06[15:28] * dptl slaps Geo around a bit with a large trout
[15:28] {Threei} let's keep an eye on MPEL tomorrow as well
[15:28] {Geo} hey
[15:28] {Geo} i only have access to laser at work
[15:29] {Threei} could be one day wonder, but it's holding very well
[15:29] {Geo} i took the NQ 8 pointer in morning
[15:29] {Threei} posssible continuation
[15:29] {_eliaun} how much laser takes for 100 share transaction?
[15:29] {Threei} $1
[15:29] {_eliaun} after ecn+sec fees
[15:29] {Threei} here is their rep eli
[15:30] {Threei} ask him for details, he is better one to go into details
06[15:30] * Threei slaps laserdave1 around a bit with a large trout
[15:30] {Threei} that wasd "pointing by trout"
06[15:30] * Chaeron slaps laserdave1 around a bit with a large trout
[15:31] {_eliaun} good knoing you all with the trouts
[15:31] {_eliaun} knowing
06[15:31] * laserdave1 slaps Threei around a bit with a large trout
06[15:31] * laserdave1 slaps Chaeron around a bit with a large trout
06[15:31] * laserdave1 slaps magoo around a bit with a large trout
[15:31] {Geo} hey dave
06[15:31] * Geo slaps laserdave1 around a bit with a large trout
06[15:31] * laserdave1 slaps Geo around a bit with a large trout
[15:31] {Threei} OK guys, relax with that fish :)
[15:31] {laserdave1} howdy doody
06[15:32] * magoo slaps Threei around a bit with a large trout
[15:32] {Threei} sigh
06[15:32] * laserdave1 slaps Threei around a bit with a large trout
[15:32] {laserdave1} magoo made me do it
06[15:32] * Chaeron slaps _eliaun around a bit with a large trout
[15:32] {Threei} no doubt
[15:32] {Chaeron} just so you don't feel left out Eli
06[15:32] * Geo agrees
[15:32] {Threei} magoo makes us all do it
[15:32] {magoo} wow chaer..new guy already
[15:33] {dino} out bwld .89, +.39
[15:33] {Chaeron} you know, on the floor of many exchanges, there are fines for even throwing a crumpled piece of paper... like $500... if we did that here for trouting, Threei could retire....
[15:33] {Threei} lol
[15:33] {Threei} watch JNPR here
[15:34] {dino} luckily no fines in my office
[15:34] {Chaeron} It was a gesture of friendship Magoo :)
[15:34] {dino} i like to throw shoes, food, keyboards
[15:34] {Threei} if NQ breaks that 1340, JNPR is likely to take 20 and work for another leg
[15:34] {Threei} desirably if stays above 19.90
[15:34] {_eliaun} laserdave cani ask you somthing?
[15:34] {dino} cof sm l .50
[15:35] {dino} giddy-up calm
[15:39] {Geo} nice vad
[15:39] {Threei} JNPR 1:1
[15:39] {Threei} stay with scalps guys
[15:40] {Threei} JNPR, NQ, QID, whatever you picked for this power0up
[15:41] {Threei} see how quickly profits evaporate here?
[15:44] {dino} out calm .92 slipped +.22
[15:45] {magoo} nice
[15:45] {Threei} venturing on my territory again?
[15:45] {Threei} careful dino... I am very protective
[15:45] {Threei} you play your +3
[15:45] {Threei} I'll play my +.20
06[15:45] * Geo imagines 3i as a mother hen
[15:46] {Threei} wrong image geo
[15:46] {dino} ohhh mannnnnnn
[15:46] {Geo} 12:45] {Threei} careful dino... I am very protective
[15:46] {dino} i take what it gives
[15:46] {dino} stingy in afternoons, you know me, get over, get protective
[15:46] {Threei} yup
[15:47] {Threei} you just reminded me an ancient joke
[15:47] {Threei} about guy selling sunflower seeds on the corner
[15:47] {Threei} buddy comes up, and asks for small loan
[15:47] {Threei} guy says, sorry, can't, I have this agreement qwith bank across the street
[15:48] {Threei} they don't sell sunflower seeds, I don't loan money
[15:48] {Geo} hmmmmm
[15:48] {Raven} I don't get it
[15:48] {dino} out cof .78, +.28
06[15:48] * Geo with raven here
[15:48] {Threei} sigh
[15:49] {dino} reminds me of the hotdog ordering beer in bar
[15:49] {Geo} that reminds you?
[15:49] {dino} sorry, we don't serve food
[15:50] {Raven} many bars do not serve food
[15:50] {dino} ugh cof spiked w/o me
[15:50] {Threei} dino, they are hopeless
06[15:50] * dino slaps Raven around a bit with a large trout
[15:50] {Raven} {-------------- circling dino
[15:50] {Geo} slow day
[15:51] {dino} pretty much done1.6x
[15:51] {Geo} nice dino
[15:51] {Threei} market pretty much took day off today
[15:51] {dino} ty geo, slow, but profittable
[15:51] {Threei} slow, relatively narrow
[15:51] {Threei} low volume
[15:51] {Threei} but heck... market needed it
[15:52] {Threei} finishing in green, nice steady accumulation
[15:52] {Raven} sure did ... VIX down 21%
[15:52] {Threei} yeah
[15:52] {Threei} no problem withb this action
[15:52] {Threei} bodes well for some consolidation and continuing upward
[15:53] {Threei} ALTH continues
[15:53] {Threei} MPEL finishes near high
[15:54] {dino} problem as i see it, gap at 8852
[15:54] {Threei} yeah, that's abattle to fight still
[15:54] {Threei} or maybe not
[15:54] {Threei} maybe we never look back
[15:55] {dptl} ok....have a good evening all :)
[15:56] {Threei} take care dp
[15:56] {Threei} did OK?
[15:56] {Threei} MPEL
[15:56] {Threei} grrr
[15:56] {Raven} I don't get it
[15:56] {Threei} lol
[15:57] {Geo} you holding overnight vad?
[15:57] {Threei} no
[15:57] {Geo} k
[15:57] {Threei} +400 almost, DJI
[15:57] {Threei} not bad
[15:58] {Threei} Ok guys, not bad day albeit not very exciting
[15:58] {patience} tsx up 630
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {_eliaun} thx vad
[15:59] {dino} thx all
[16:00] {Threei} before you left:
[16:00] {Threei} CALM
[16:00] {Threei} DISCLOSES CLASS ACTION SUIT OVER EGG PRICES - FILING

Friday, October 17, 2008

Oct 17 2008

We finished two weeks of hitorically high volaitlity, VIX hitting unseen levels and trends changing faster than traders could recognize them. Out of last 10 trading sessions we had 9 positive, with quite a few room members reporting record profits - including stunning 72 points NQ on a single trade. I consider these weeks to be handled as well as it only possible.

Session Time: Fri Oct 17 00:00:00 2008

[07:50] {magoo} morning
[07:51] {hawkfan4} mornink
[08:01] {patience} morning
[08:11] {Threei} morning
[08:30] {Threei} SEPT HOUSING STARTS: 817K V 872KE; BUILDING PERMITS: 786K V 840KE
[08:58] {dino} gm all
[08:58] {Threei} dino :)
[09:00] {dino} :)
[09:07] {ese} good morning....
[09:07] {Threei} ese :)
[09:08] {ese} interesting finish to the day yesterday.....up +400
[09:08] {ese} on the dow
[09:08] {Threei} in terms of recent volatility - insignificant uptick
[09:08] {Threei} oh boy... look at the punding ESLR takes
[09:08] {Threei} pounding
[09:09] {dino} lol
[09:09] {dino} how about pudding
[09:09] {ese} noticed that....wheres it going to go?????
[09:09] {Threei} that too
[09:09] {ese} it's already there
[09:11] {ese} by my estimation on the down side it still has a share value of between 11 and 15
[09:11] {Threei} don't know ese... it's a toughie
[09:12] {Threei} solars is a sector where many factors involved
[09:12] {ese} indeed
[09:12] {Threei} with oil dropping, their prospects are questionable
[09:12] {Threei} considering that they can't survive so far without heavy tax subsidies
[09:13] {ese} thats true
[09:13] {Threei} the way I see it:
[09:13] {Threei} with oil at 150, they can't survive without such injections,
[09:13] {GeoArb} gm all
[09:14] {Threei} but injections are considered necesseary because of fear of even higher oil prices
[09:14] {Threei} Geo
[09:14] {Threei} now, with oil cut in half
[09:14] {ese} geo
[09:14] {Threei} what are the incentives to continue spending that much on solar?
[09:14] {Threei} sure, there is all this green talk
[09:14] {Threei} oil peak talk
[09:15] {Threei} but it all nice and well during prosperity time
[09:15] {Threei} not when belts are getting teghtened all over the place
[09:15] {ese} that may be just the point right there vad
[09:15] {Threei} I am not saying whole sector will necessary die
[09:15] {GeoArb} options expiratiopns today?
[09:16] {Threei} but certain filtering out will be done
[09:16] {Threei} even in totally viable industries it'sa normal process
[09:16] {ese} if you put in a solar heating system ...your approx 1year away from ever having to pay for heating costs ever again......thats the draw these days
[09:16] {Threei} survival of some and culling of others
[09:17] {Threei} 1 year?
[09:17] {ese} this last oil spike was a wakeup call......i think most anyone who purchases solar is looking at it that way
[09:18] {ese} yes 1 year....i find that link
[09:18] {Threei} you sure about 1 year? I seem to remember much longer
[09:18] {ese} the new technology that ESLR has come up with puts approx there
[09:19] {ese} i'll find that article was looking at it the other day
[09:19] {Threei} ty
[09:19] {Threei} one thing that is troubling from longer term investment in them is:
[09:19] {Threei} process of defining who survives aand who doesn't will involve consolidation
[09:20] {Threei} i.e., some of them will be absorbed by bigger ones,
[09:20] {Threei} and that will nail the price of buyout
[09:20] {Threei} So, if some one invests in a stock at, say, 10
[09:20] {Threei} it drops to, say, 3
[09:20] {Threei} and one thinks I'll hold
[09:20] {Threei} one faces a risk of it being taken over at, say 5
[09:21] {Threei} cash
[09:21] {Threei} End... will never recover his investment
[09:21] {dptl} good morning all
[09:21] {Threei} dp :)
[09:21] {cosmo} hey... 5 beats 3
[09:22] {Threei} true... but yeilds to 10
[09:22] {cosmo} that's history
[09:22] {Threei} so is your invested money :)
[09:22] {peterg} morning
[09:23] {Threei} peter :)
[09:23] {cosmo} yep
[09:23] {Onix} Good morning
[09:23] {Threei} onix :)
[09:24] {dino} es, cost recovery is not one year, and no way it could heat a house for free
[09:25] {GeoArb} i would say 5 atleast
[09:25] {peterg} NYT has Buffett article championing buy stock, good for long term!
[09:25] {Threei} which stock?
[09:25] {GeoArb} buffet stock
[09:25] {peterg} good stox
[09:25] {dino} yes, buffett taking credit for jesse livermore's quote....buy when blood
[09:25] {peterg} solid american assetts
[09:26] {peterg} Buy american-- I am
[09:26] {peterg} rah rah
[09:27] {peterg} restaurant opened where bank was; sign reads, put your mouth where your money was
[09:27] {Threei} lol
[09:28] {GeoArb} hehe
[09:28] {peterg} today both my mouth and my money say equities
[09:28] {peterg} says warren
[09:28] {peterg} quote from article
[09:29] {Threei} well... I doubt he wats for my endorsement or cares much about it... but still, I agree with him :)
[09:29] {peterg} back to your question, what stocks?
[09:29] {peterg} for hold
[09:29] {peterg} goog?
[09:29] {peterg} you like tech
[09:29] {peterg} for hold
[09:30] {Threei} overall, yes
[09:30] {Threei} to pick particular ones as investments - I think you cam do much better than ask me
[09:31] {peterg} tks
[09:32] {ese} heres the article Vad : 5th paragraph down...payback approx 12 months: http://biz.yahoo.com/bw/081014/20081014005341.html?.v=1
[09:33] {GeoArb} hmm if that is true there would be lin to do this
[09:33] {GeoArb} line
[09:33] {Threei} ty
[09:33] {cosmo} acgy
[09:33] {ese} could very well be....my wife and I are even thinking about it
[09:33] {cosmo} wants 5
[09:34] {GeoArb} wow slb
[09:34] {cosmo} acgy needs to hold 4.80
[09:35] {dino} another gap open, i guess at least it's above
[09:38] {Threei} watching how UAUA holds during this NQ pullback
[09:39] {ese} b stop GILD 43.01
[09:39] {Threei} ADBE holds very well
[09:39] {Threei} ADBE looks like half lot entry on NQ strength, aggresively
[09:40] {Threei} and UAUA 10 break
[09:41] {GeoArb} sheesh
[09:41] {Threei} if anyone got ADBE, half out here
[09:42] {Threei} UAUA half out here
[09:42] {dino} feels up
[09:42] {hawkfan4} thx adbe vad
[09:42] {Threei} hawk :)
[09:42] {Threei} what price did you get?
[09:42] {hawkfan4} .36
[09:42] {GeoArb} ty adbe uaua vad
[09:43] {Threei} welcome
[09:43] {cosmo} ACGY gonna test 5
[09:43] {hawkfan4} sold all at .61
[09:43] {cosmo} fwiw
[09:43] {Threei} I did a bull market thing on ADBE
[09:43] {Threei} half lot at .25 and added at breakout level, .40
[09:43] {GeoArb} uaua 2nd target vad?
[09:44] {Threei} 1/4 more here
[09:44] {dino} cedc sm l .05
[09:44] {Threei} and leave the rest to trade
[09:44] {Threei} with stop right under 10
[09:45] {Threei} sold half ADBE .56 earlier
[09:45] {Threei} 1/4 more .65 right now
[09:45] {Threei} offer UAUA last portion .45
[09:45] {Threei} and ADBE get out here
[09:45] {GeoArb} out
[09:45] {dino} cetv sm l .00
[09:45] {Threei} out everything
[09:46] {GeoArb} heh met daily TY lord vader
[09:46] {Threei} remember my promise that we will switch from scalps to holds for bigger runs?
[09:46] {hawkfan4} nice geo
[09:46] {GeoArb} low daily hawk
[09:46] {Threei} this time slowly approaches, these are early birds
[09:47] {GeoArb} in 1304 out 1312.25
[09:47] {hawkfan4} still...
[09:47] {GeoArb} one lot
[09:47] {GeoArb} ahh the romance
[09:47] {GeoArb} the herald of spring vad?
[09:47] {GeoArb} bullish spring
[09:47] {Threei} thaw
[09:48] {ese} well i'm back.....power flicker here and everything went out.......
[09:48] {GeoArb} hehehe ese you def should be in solar
[09:48] {GeoArb} flockr in neighbourhood or house?
[09:48] {dino} welcome back es
[09:48] {ese} am long GILD....looks like at .02
[09:49] {ese} missed the 20 something spike....
[09:49] {ese} out GILD .01.......even
[09:49] {ese} sheesh
[09:50] {ese} sorry thats -.01
[09:50] {hawkfan4} MA 152.50, stop .under 152 sm
[09:51] {Threei} reentry points
[09:51] {Threei} keep shares smaller
[09:52] {ese} maybe need solar power......apparently it still works during hurricanes.......when electricity goes out
[09:52] {Threei} ugh, UAUA got away
[09:52] {Threei} ADBE is still there though... watch NQ for ADBE entry
[09:53] {Threei} UAUA starts feeling like 11
[09:54] {ese} there goes GILD.....
[09:54] {dino} clf sm l .40
[09:55] {Threei} OCT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 57.5 V 65E
[09:55] {Threei} 1 cent shy UAUA
[09:56] {Threei} for NQ players
[09:56] {Threei} 1315 break
[09:56] {hawkfan4} out ma 155.56, +3.06
[09:56] {GeoArb} thanks vad !!!
06[09:57] * GeoArb is overwhelmed with vad's kindness
[09:57] {dino} out cetv .72, +.72
[09:58] {hawkfan4} extremely tough crowd today dino
[09:58] {GeoArb} lol
[09:58] {Threei} today?
[09:58] {hawkfan4} LOL
[09:58] {GeoArb} problem is we are numb to enything less than a buck for dino
[09:58] {Threei} and dino is one who made us that way
[09:58] {dino} out clf +1.00 at .40
[09:59] {dino} indeed hawk, indeed
[09:59] {dino} great f'ing job tho bro
[09:59] {dino} see clf
[09:59] {hawkfan4} thank you. i call that a dino-special
[10:00] {Threei} ok guys, it IS bull market
[10:00] {Threei} bad numbers are taken in stride
[10:00] {Threei} litle pullback on those, and new highs in a few min utes
[10:00] {dino} allm is well in the world (of dino) again
[10:00] {Threei} pullbacks are being bought aggressively
[10:00] {dino} itri on radar
[10:01] {Threei} UAUA broke 11
[10:01] {magoo} ballzy call vad
[10:01] {magoo} [10:00] {Threei} ok guys, it IS bull market
[10:02] {GeoArb} world is powering up
[10:02] {GeoArb} AMGN
[10:02] {GeoArb} COV
[10:03] {Threei} UAUA is not done
[10:03] {dino} 9:42, dino said "feels up"
[10:03] {dino} we were -170 at that
[10:03] {Threei} get half lot at 11.10
[10:03] {Threei} wow... late
[10:03] {GeoArb} loving dino's 8ball
[10:03] {magoo} [09:42] {dino} feels up
[10:04] {dino} hey, careful ther
[10:04] {dino} there
[10:04] {Threei} rofl
[10:04] {Threei} look at UAUA
[10:04] {hawkfan4} feels up whom? ;)
[10:04] {GeoArb} dino feeling up 8 balls i guess
[10:04] {Threei} RJET too
[10:04] {Threei} JBLU lags
[10:05] {hawkfan4} lol
[10:05] {Threei} 5 resistance
[10:05] {dino} thats why diet scares me, gut feel working well
[10:05] {Threei} from both yesterday and today
[10:05] {Threei} let's see if it takes 5 and puts up the show
[10:05] {GeoArb} nothing coming up in my red scanner
[10:06] {Threei} we never go red again
[10:06] {Threei} ever
[10:07] {dino} out cedc .77 ave +.72
[10:08] {GeoArb} i gotta tell ya
[10:08] {GeoArb} feels patriotic to make money long
[10:09] {Threei} funny thing is, market has very bullish feel to it even though indexes are red
[10:09] {GeoArb} market internals looking green
[10:09] {dino} odd sense of humor
[10:09] {ese} i would agree with that........
[10:10] {Threei} lol dino
[10:10] {dino} going -200 soon
[10:10] {patience} i'm buying today...longer term holdings
[10:10] {Threei} that I admit freely
[10:10] {Threei} UAUA approaches high again even though NQ pulls pack
[10:10] {dino} as your name implies patience
[10:10] {dino} 80 to go
[10:10] {patience} :)
[10:10] {GeoArb} news on HON vad? orderly selling
[10:11] {dino} lowered 4th q
[10:11] {Threei} [HON] Honeywell International Inc CFO: Planning to experience recessionary conditions in 2009
[10:11] {Threei} - Sees slowing growth in emerging markets
[10:11] {GeoArb} TY
[10:11] {Threei} 07:00am [HON] Honeywell International Inc Reports Q3 $0.97 v $0.95e, R $9.28B v $9.59Be more.. 07:00am [HON] Honeywell International Inc Reports Q3 $0.97 v $0.95e, R $9.28B v $9.59Be
[10:11] {Threei} - Guides FY08 eps $3.76-3.80 v $3.80e ($3.75-3.85 prior guidance), R $37.2B v $37.86Be ($37.6-38.2B prior guidance)
[10:12] {Threei} UAUA broke
[10:14] {dino} 65 to go
[10:14] {dino} 45
[10:15] {Threei} OK, JBLU defined the range for pkay
[10:15] {Threei} 4.85 support, serving as stop/invalidating level
[10:18] {hawkfan4} took it .88, stop .84
[10:18] {GeoArb} uaua back from pullback
[10:20] {GeoArb} out .65 uaua
[10:20] {dino} fcx sm l .20, wide jumpy one
[10:22] {GeoArb} early uaua
[10:22] {Threei} I have 200 shares UAUA left from last entry at .38
[10:22] {Threei} putting them for sale at .95
[10:22] {GeoArb} nice vad
[10:22] {Threei} just in order to train myself for holding
[10:23] {Threei} hit
[10:23] {GeoArb} beautiful vad
[10:23] {Threei} gotta start changing habits
[10:23] {Threei} umm
[10:23] {Threei} let me rephrase
[10:23] {Threei} gotta train myself for different habits
[10:24] {Threei} not necessary change them fully yet
[10:25] {GeoArb} are you in jblu vad?
[10:25] {Threei} half
[10:25] {GeoArb} slow
[10:25] {Threei} will add half on 5 break
[10:25] {GeoArb} ahh scaling in
[10:25] {Threei} another way to pklay it is to take douible lot neasr support
[10:26] {Threei} with selling one under breakout level
[10:26] {GeoArb} am swithing to half lots
[10:27] {Threei} not sure why this one lags so much
[10:27] {GeoArb} want a happy weekend as crossed 2.5 daily
[10:27] {Threei} NWA does too
[10:28] {GeoArb} read all the stop articles yesterday.... nice
[10:29] {Threei} ty
[10:29] {dino} geo, :)
[10:29] {GeoArb} one of them described me to a T
06[10:30] * GeoArb hoping and praying guy
[10:30] {GeoArb} i like NQ also because the platform throws out hard stops... i guess i am wired like dino on that
[10:30] {dino} i understand
[10:31] {GeoArb} manual stops are my biggest weakness by far.... gotta work on it
[10:32] {Chaeron} Hi all Leave anything for me?
[10:32] {dino} same here geo
[10:32] {GeoArb} hey chaer
[10:33] {dino} and nyse rinse city o=n hard ones
[10:33] {GeoArb} yeah its amazing
[10:33] {magoo} chaer broil
[10:34] {Chaeron} hi Geo, Mags
[10:34] {dino} ahh, no we didn't chaer
[10:34] {Chaeron} shut the market down then dino
[10:34] {hawkfan4} stopped JBLU -.04
[10:35] {dino} fine w/me, good day
[10:36] {dino} 8825 must hold
[10:38] {Threei} chaeron :)
[10:39] {Chaeron} hi Threei.... see anything good?
[10:39] {Threei} blue sky
[10:39] {GeoArb} sigh
[10:39] {dino} hon sm l .00
[10:39] {Chaeron} nice
[10:42] {Threei} sideline for now guys
[10:42] {Threei} easy money has been made
[10:42] {tomg} ty NQ earlier vad
[10:42] {Threei} let's wait for the next defining moment
[10:42] {Threei} tom :)
[10:43] {magoo} feels like powering uop vad imo
[10:43] {GeoArb} yeah
[10:44] {magoo} aapl the tell guys
[10:44] {Threei} Long Setup: ADBE .65 half lot
[10:44] {GeoArb} BRE
[10:44] {Threei} if stays aboive .45
[10:45] {magoo} we are powering up
[10:46] {dino} fcx on your own anyone took
[10:46] {hawkfan4} AAPL 99.05, stop 98.50
[10:46] {dino} 1/4
[10:46] {hawkfan4} small
[10:46] {magoo} in aapl too
[10:46] {magoo} 98 .08
[10:46] {dino} stop to .24
[10:47] {GeoArb} nice magoo
[10:47] {Threei} Long Setup: NQ 1321
[10:47] {GeoArb} heheh vad
[10:47] {GeoArb} just put that in
[10:48] {GeoArb} quick scalp
[10:48] {dino} stop to .70
[10:48] {magoo} out .51 aapl
[10:48] {magoo} like it tho
[10:48] {dino} gj
[10:48] {magoo} but scalpin
[10:48] {hawkfan4} nice mags
[10:48] {GeoArb} in 21 out 23 3 lots
[10:49] {Threei} half out NQ
[10:49] {Threei} 27
[10:50] {dino} out fcx 35.00, +1.80
06[10:50] * GeoArb appreciated vad catering to popular demand
[10:50] {dino} out hon .70, +.70
[10:51] {Threei} half our ADBE .81
[10:51] {dino} hawk, c rowd sucks
[10:51] {dino} crowd
[10:51] {Threei} lol
[10:51] {GeoArb} nice dino !
[10:51] {hawkfan4} lol, nice dino :)
[10:51] {dino} :)
[10:51] {GeoArb} sheesh stuff too fast
[10:51] {tomg} ty nq again vad :)
[10:52] {GeoArb} went after NQ lost ADBE
[10:52] {tomg} out at 28
[10:52] {Threei} tom:)
[10:52] {GeoArb} loving it vad
[10:52] {dino} anybody having fun?
[10:52] {Threei} no dino... we are grim crowd
[10:52] {GeoArb} excellent friday
[10:52] {Threei} we hate fun
[10:52] {dino} lol
[10:52] {GeoArb} if i could i would clink beer bottles
[10:52] {Chaeron} under a BD? grim?
[10:53] {dino} geo, i owe you a beer, thx for hon heads up
[10:53] {GeoArb} :)
[10:53] {Threei} beer all around
[10:53] {ese} patience are you there......what are you thinking of getting into if I may ask
[10:54] {Threei} offer ADBE balance 28.05
[10:54] {patience} cnq (canadian natural resources), eca (encana), su (suncor), Pot, Agrium...commodities are still going to be needed
[10:54] {Threei} stop under .60
[10:55] {dino} patience, regarding pot, just say no to drugs
[10:55] {ese} thats for sure
[10:55] {dino} beer better
[10:55] {Threei} to show you the extent of my knowledge is fundamental research:
[10:55] {ese} the Kalium potash plant is 22 miles west of Regina......it supplies potash to just about the entire planet
[10:56] {Threei} POT to me is glorified manure company
[10:56] {patience} learnt this morning that mutual funds, not hedge funds, are doing the big selling after hours
[10:56] {patience} they wait for closing numbers for redemptions, then sell
[10:56] {hawkfan4} all i wanna do is drink beer for breakfast
[10:56] {GeoArb} hmmm
06[10:56] * GeoArb cant drink beer in winter
[10:57] {ese} i'm with ya geo....hmmmmmmmm
[10:57] {dino} did that last week hawk
[10:57] {dino} beer w/eggs
[10:57] {Threei} hawk... you may want to know old russian saying... "shot of vodka in the morning - freedom for the day"
[10:57] {GeoArb} hehehe
[10:57] {dino} geo, que?
[10:57] {dino} dark beers in winter
[10:57] {hawkfan4} then let freedom ring...:)
[10:57] {Threei} notice how loose and relaxed dptl is each day
[10:59] {ese} good one......
[10:59] {ese} but he's not here to take the slam....
[10:59] {GeoArb} i am a pilsner guy... switch to bailey in coffee/hot sake/mulled in winter. (am a wimp)
[10:59] {GeoArb} {-for dino
[10:59] {ese} oppssssss yes he is.......sorry dp missed your handle
[10:59] {dino} is dp here? lol'
[11:00] {Threei} let's see
06[11:00] * Threei slaps dptl around a bit with a large trout
[11:00] {Threei} come to papa ADBE
[11:00] {GeoArb} ok thats creepy
[11:01] {GeoArb} SRCL
[11:03] {GeoArb} nice srcl
[11:04] {Threei} ADBE profit is fairly nice here, but you remember the idea of this exercise in patience, right?
[11:04] {GeoArb} y
[11:04] {patience} patience does need exercise
[11:04] {Threei} :)
[11:04] {GeoArb} lol
06[11:05] * GeoArb trades from a spinning cycle
[11:05] {Threei} direct hit
[11:05] {dino} what, are you doing laundry?
[11:05] {Threei} +.40
[11:05] {GeoArb} lol dino
06[11:05] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[11:05] {dptl} :)
[11:05] {Threei} look who sobered up
[11:05] {dptl} lol
[11:05] {Threei} and actually came up with a good idea
06[11:06] * Threei slaps ThurstonHowellTheThird around a bit with a large trout
[11:06] {dino} jpm sm l .85 stop lod
[11:06] {Threei} NQ feel free to sell second half
[11:06] {Threei} +13
[11:06] {GeoArb} vad could ya mention stops if ya have time
[11:06] {Threei} sorry, will do
[11:07] {Threei} but heck
[11:07] {Threei} you know my setups
[11:07] {GeoArb} true
[11:07] {GeoArb} but new instru... some positive reinforcement
[11:07] {Threei} just paad them a bit more vs stocks when you deal with NQ
[11:07] {Threei} pad
[11:08] {GeoArb} wat to see your leeway and then will take it from there
[11:08] {GeoArb} want
[11:08] {Threei} too tight stops get gunned for on regular basis on e-minis
[11:11] {GeoArb} SAY dino
[11:12] {Threei} watch NQ for reversal back up for ADBE entry
[11:12] {hawkfan4} out AAPL +.80
[11:12] {GeoArb} nice hawk
[11:13] {dino} good report
[11:13] {dino} say
[11:13] {Threei} was so tempted to short UAUA earlier, decided to refrain... too bad
[11:13] {hawkfan4} thx
[11:13] {dino} fast drop dji
[11:15] {Threei} FTC HAS REPORTEDLY ISSUED ORDER FOR RMBS TO RECEIVE ADDITIONAL ROYALTIES ABOVE THE MAX RATES
[11:16] {GeoArb} adbe turning?
[11:16] {Threei} not very clear
[11:16] {Threei} market may need some rest
[11:16] {GeoArb} nq seems to be wanting down
[11:21] {Threei} looks like ADBE wants up no matter what
[11:22] {dino} jpm stopped -.38
[11:22] {ese} for sure...photoshop memories of loosing fortunes......thats big....capturing the heartbreak of it alll
[11:23] {ese} well positioned company
[11:23] {GeoArb} yeah
[11:23] {GeoArb} we probably use every product they make
[11:23] {GeoArb} very sleek
[11:24] {ese} picture it....CEO of Lehman.....not collecting 15million bonus....i'd like to see that captured on film/print
[11:24] {ese} the agony in his face would be indescribable
[11:25] {ese} only ADBE photoshop could handle it
[11:25] {GeoArb} lol
[11:25] {ese} of course the stock is going up.......just my opinion
[11:25] {GeoArb} the bailout gurantees GS ceo 70 mill
[11:25] {ese} really......
[11:25] {GeoArb} yup
[11:26] {ese} thats nuts!!!
[11:26] {GeoArb} http://bloomberg.com/apps/news?pid=20601109&sid=ajjeFgtmfWuA&refer=home
[11:27] {ese} I should try that as a teacher.....go into board office and tell them i want my severance package.....see what happens
[11:28] {ese} 70mil 15mil.....LOL!!!
[11:28] {Threei} dino
[11:28] {Threei} CBC just talked about Goerge Costanza effect
[11:30] {dino} lol
[11:31] {magoo} whats that vad?
06[11:31] * Threei slaps magoo around a bit with a large trout
[11:37] {dino} djifeels heavy
[11:45] {dino} .
[11:45] {GeoArb} ..
[11:45] {Threei} ...
[11:45] {GeoArb} drat i had promised myself i would take snapshots of all the setups i took as homework revision
[11:45] {Chaeron} . . . _ _ _ ...
[11:46] {hawkfan4} you still can geo, just scroll back on the charts, u have esig right?
[11:46] {GeoArb} not anymore
[11:46] {GeoArb} laser data
[11:46] {GeoArb} and IB data thats it
[11:46] {GeoArb} cutting costs
[11:47] {hawkfan4} ah, i c
[11:47] {GeoArb} got tired of paying esignal
[11:47] {GeoArb} they nickel and dime everything
[11:47] {Threei} why can't you take snapshots now?
[11:47] {GeoArb} i can
[11:48] {GeoArb} it was more a Q of doing it then when fresh lol
[11:48] {Threei} {--- lost... but what else is new
[11:54] {dino} confused
[11:55] {Chaeron} join the club
[11:55] {magoo} lost here
[11:55] {magoo} baffled
[11:55] {magoo} bedazzled
[11:55] {Chaeron} what else is new
[11:56] {Threei} what power Geo... singlehanddly put whole room in a state of total confusion
[11:56] {dino} lol
[11:56] {Threei} on second thoght... not much power needed to do that to us
[11:56] {dino} thinking about lunch
[11:56] {GeoArb} lol
[11:56] {GeoArb} EXP
[11:56] {GeoArb} ABV
[11:56] {Chaeron} GEo's new nick - "Captain Chaos"
[11:56] {Threei} lol
[11:56] {GeoArb} :)
[11:57] {dino} ahh, a little police on radio
[11:58] {Chaeron} scanner or Sting?
[11:58] {dino} sting
[11:58] {hawkfan4} es asc triangle, 947.50 break, 943.50 invalidates it
[11:59] {GeoArb} hey vad
[12:00] {GeoArb} could you pls change my nick to Geo
[12:00] {GeoArb} Arb seems wasted on these guys
[12:00] {GeoArb} i tried doing it and it gave me a registration error
[12:00] {ese} am outta here....have a great weekend all!
[12:00] {GeoArb} cya ese
[12:00] {Chaeron} bye ese!
[12:00] {hawkfan4} enjoy ese
[12:00] {ese} see ya geo
[12:00] {dino} cya es
[12:00] {ese} hawk
[12:01] {ese} CCChhh you too
[12:03] {dino} cetv sm l .60
[12:05] {Threei} Geo, dcc me your desired password, I'll change it
[12:08] {Geo} AHA !!!
[12:08] {Geo} sheesh chaer
[12:08] {Geo} vad almost changed me to captainchaos
[12:10] {Chaeron} awwwwwwwwww
[12:10] {Chaeron} I like it
[12:10] {Chaeron} do it Geo
[12:10] {Geo} nah am sentimental about geo
06[12:10] * Chaeron likes to start trouble
[12:10] {Geo} lol
[12:10] {Geo} btw what does chaeron mean?
[12:10] {Geo} ook power up
06[12:11] * Threei changes Chaeron to TroubleLover
[12:11] {Chaeron} hmmmm sounds too sexy... ug
[12:11] {Geo} lol
[12:11] {Geo} OClover
06[12:11] * Threei changes TroubleLover Non-Sexy TroubleLover
[12:12] {patience} girls like bad boys...hmmm TroubleLover is good
[12:12] {Geo} true dat
[12:12] {Threei} unless it's TroubledLover
[12:12] {Threei} we are so non-politically correct...
[12:14] {Chaeron} lol
[12:14] {Chaeron} patience... I'm blushing... but I am a bad boy
[12:15] {magoo} question is.................
06[12:15] * Geo thinks the room got awkward !!
[12:15] {magoo} is patience a "bad" girl:)
06[12:15] * Geo {-- PG level
[12:15] {Threei} don't tell me I have to edit it all out
[12:16] {magoo} mkt dead
[12:18] {Geo} GILD merry
[12:18] {Threei} ADBE is holding very well
[12:19] {Geo} ok thanks vad and all.... good day ....3X daily
[12:22] {patience} magoo and chaeron....time to start planning a trip to victoria
[12:23] {magoo} sheesh..u are a bad girl he he
[12:25] {Threei} take care Geo
[12:28] {Chaeron} he needs to up daily goals :)
[12:28] {Threei} so he brags less? :)
[12:28] {Chaeron} not saying that in a bad way... he does have a very respectable one, just time to grow...
[12:29] {Chaeron} naaa
06[12:29] * Threei establishes his daily goal at $1 so he can claim 1000s %
[12:29] {Chaeron} expectations... ask life for a penny...
[12:29] {Chaeron} heheh
[12:30] {dino} i leave for 10 min. conversation goes to bad girls/guys
[12:30] {patience} wasn't me
[12:30] {Chaeron} me either
[12:31] {dino} ot; vad too bad the free 3 days wasn't these past 3, would've blown them away
[12:32] {Threei} no kidding
[12:33] {Threei} what can I do... some changes on hosting server changed the way mass e-mail cooperates with server... and nobody is able to pin it down so far
[12:33] {dino} at my highest week in months
[12:33] {Threei} well... when free days are here, you guys will have to hype our job over last two weeks
[12:33] {Threei} lol
[12:34] {Threei} seriously though... out of last 10 days (2 weeks), 9 winning ones
[12:34] {Threei} and those were the historically difficult weeks
[12:34] {Threei} volatility unseen before
[12:34] {dino} ya think?
[12:34] {Threei} green day red day
[12:34] {dino} lol
[12:35] {Threei} well... difficult not for us obviously :)
[12:35] {Threei} but I see cries everywhere
[12:39] {magoo} still vad ..all in all..250 expensive here {as magoo runs for cover he he}
06[12:40] * dino slaps magoo around a bit with a large trout
06[12:40] * Threei moves swiftly on upping room price to 500 and correcting magoo's charge to 750
[12:40] {magoo} obh no..that backfired
[12:41] {magoo} aapl l here
06[12:41] * Threei establishes practice of upping magoo's price by $50 every time he mentions room pricing
[12:42] {magoo} i better get to work
[12:42] {magoo} goog wants 400 today
06[12:42] * Threei considers upping magoo's price in $20 increments every time magoo says anything
[12:43] {Threei} that's what we benevolent dictators do, right?
[12:43] {magoo} roflol
[12:43] {dino} more fun to just throw stuff at him
[12:43] {Threei} true
[12:43] {Threei} I envy you dino
[12:44] {dino} not
[12:44] {magoo} 99.17 aapl
[12:44] {magoo} small
[12:44] {magoo} 200 bux stop
[12:44] {dino} he makes me drink too many nights a week
[12:45] {magoo} in training for when i visit vad
[12:46] {Threei} lol
[12:46] {Threei} better get dptl for that... I am losing my former ability to drink any amounts with no visible consequences
[12:46] {magoo} u used to drink 5th a day of vodka right
[12:47] {Threei} 5th?
[12:48] {magoo} if mkt resumes upward..looking for aapl to go green
[12:48] {magoo} but small
[12:48] {Threei} and ADBE to tag 29
[12:48] {Threei} well, I was never a regular drinker in a sense of daily consumption
[12:49] {magoo} oh i know...post reads wrong
[12:49] {Threei} but when occassion was there, there was practically no limit to how much could be, as Fed says, injected
[12:49] {magoo} as in u could handle that quantity but not everyday
[12:50] {dino} cedc sm l .58
[12:50] {Threei} wehat's 5th?
[12:50] {dptl} i am offering drinking classes
[12:50] {magoo} size of bottle
[12:50] {Threei} I can offer theory
[12:51] {Threei} dp will provide practical demonstration
[12:51] {dptl} we'll make a good team Vad :)
[12:51] {Threei} no doubt
[12:51] {Threei} took half lot ADBE
[12:51] {Threei} .39 stop
[12:51] {Threei} .95 target
[12:51] {magoo} ill demonstrate how to fall down
[12:52] {dptl} lol
[12:52] {magoo} ask dino..i had a feww good falls
[12:52] {dino} oh yeah
[12:55] {Threei} do it faster ADBE... temptation is too big
[12:55] {Threei} 10 cents more please
[12:55] {Threei} 6
[12:55] {Threei} 5
[12:55] {Threei} 2
[12:56] {Threei} 200 out, 300 left
[12:56] {dino} 9310 gap here we come
[12:56] {Threei} ugh
[12:56] {patience} oil and gold going up, tsx up +409
[12:59] {magoo} man aapl was bangin on 100 and got smacked down
[13:00] {Threei} out the rest ADBE
[13:00] {Threei} I have to say... training to hold goes successfully
[13:00] {Threei} but not easy by any means
[13:01] {dino} jpm is like a dino rinse machine
[13:01] {dino} thing takes me out and runs a buck 2 days in row
[13:03] {magoo} if anyone took aapl..i got u to 100 twice..i inbut u on own
[13:04] {magoo} needs mkt..butcould go green
[13:04] {hawkfan4} lol, did same thing as yesterday, put a stop under es, went to bank, and out +21.50
[13:05] {Chaeron} keep making those deposits hawk
[13:05] {hawkfan4} seriously, um...i'll be right back ;)
[13:06] {Threei} lol
[13:16] {Chaeron} I'm going to buy hawk a bigger armoured truck for his bank runs
[13:17] {dino} i'm just going to stake out his house
[13:17] {Chaeron} lol
[13:17] {hawkfan4} lol
[13:19] {Threei} AIG
[13:19] {Threei} COMPANY MAY ACCESS FED RESERVE COMMERCIAL PAPER FOR LESS THAN $10B IN CASH - UNCONFIRMED
[13:20] {dino} i may do the same
[13:21] {Threei} OPEC MEMBERS POTENTIALLY SEEKING AN OUTPUT CUT BY 1-1.5M BPD AT NEWLY SCHEDULED OCT 24 MEETING - UNCONFIRMED REPORT
[13:21] {dino} heard ben berneke(?) signed up for free trial 3i
[13:22] {Threei} I refused
[13:22] {magoo} ROFLOL
[13:22] {dino} lol
[13:22] {magoo} elmer too
[13:22] {dino} greenspan and buffet refused, claim market timing is impossible
[13:23] {dino} plus daytraders and speculatoers ruin everything, not the bankers
[13:24] {Threei} right
[13:24] {magoo} oput aapl here .51
[13:24] {dino} hod dji
[13:24] {dino} ndx
[13:24] {magoo} +1 .31
[13:24] {dino} gj magoo
[13:28] {dino} cetv stop to .28
[13:28] {dino} out slipped .24,.30.31, so ave.28, +68
[13:30] {dino} .68
[13:38] {Threei} UAUA...
[13:38] {Threei} .50 break
[13:38] {Threei} scary as hell
[13:39] {Chaeron} damn
[13:43] {dino} out cedc .92 slipped from .99
[13:43] {dino} +.34
[13:51] {Geo} VAD uaua REENTRY STILL VALID?
[13:51] {Geo} oops
[13:52] {Threei} not sure
[13:53] {Threei} OK
[13:53] {Threei} it was
[13:53] {Geo} lol
[13:57] {hawkfan4} interesting LEH report: http://www.youtube.com/watch?v=txDWRR5WRFQ&feature=related
[13:58] {Threei} be back in 20
06[14:02] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[14:03] {dptl} wake up....
[14:03] {Geo} nice call UAUA vad (whenever he is back)
[14:16] {dptl} .
[14:21] {Threei} I am back
[14:21] {Threei} what call?
[14:21] {dino} hard fall
[14:21] {Threei} I made a call?
[14:38] {magoo} make 1 now
[14:38] {magoo} did we roll over last friday into bell
[14:40] {Threei} don't remember
[14:48] {dino} cat drop
[14:54] {hawkfan4} cow tip
[14:57] {dino} lol
06[15:00] * Threei thought long and hgard of worthy addition, shrugged, gave up and fell asleep
[15:00] {hawkfan4} lol
[15:12] {Onix} I am in for lunch, so what's happening?
[15:12] {dino} cat beat up today
[15:12] {Threei} lol... Geo forgot his new password:
[15:12] {Threei} [14:29] -RealityTrader.chat.server- *** Notice -- Received KILL message for Geo.
[15:12] {dino} aapl too
06[15:13] * Threei slaps laserdave1 around a bit with a large trout
06[15:13] * magoo slaps laserdave1 around a bit with a large trout
[15:14] {Onix} market doing it's best to remain green
[15:15] {dino} or, market doing its' bet to go red
[15:15] {dino} :)
[15:15] {Onix} lol
[15:15] {magoo} freakin geo locks himself out of room
[15:16] {dino} i'd slap him, but he can't get in
[15:16] {magoo} why not slap vad then
06[15:17] * Geo slaps dino around a bit with a large trout
06[15:17] * Geo slaps magoo around a bit with a large trout
06[15:17] * dino slaps Geo around a bit with a large trout
[15:17] {magoo} ROFLOL
[15:17] {Geo} heheh
[15:17] {Geo} i did forget
[15:17] {Geo} thats just sad
[15:17] {dino} so this bartender says to me last night, "would you like another beer." i replied, "now why wouldn't i?"
[15:18] {Threei} your mirc isn't set up on autoconnection?
[15:18] {Geo} it is now
[15:18] {Geo} i reinstalled with new password
[15:18] {Threei} wow
[15:18] {Threei} why reinstall
[15:18] {Geo} I am in IT
[15:18] {Threei} just type /login
[15:18] {Geo} when in doubt reinstall or reboot
[15:18] {Threei} or ask me
[15:19] {Geo} if i am locked out
[15:19] {Threei} you IT types
[15:19] {Geo} how will I ask vad?
[15:19] {dino} politely
[15:19] {Threei} when car engine won't start, you will get out of the car, open and cose door, traunk and hood
[15:19] {Geo} lol
[15:19] {Threei} then try to start it again
[15:19] {Geo} funny you mention that
[15:20] {laserdave1} magoo dcc please
[15:20] {Geo} vad dcc pls if have time
[15:20] {dino} cat sm l .00
[15:20] {Threei} I do have time
[15:20] {Threei} what I don't have is...
[15:22] {Onix} how the mighty is falling!
[15:30] {Onix} UAUA is unelievable ... why so strong?
[15:31] {Threei} who knows
[15:32] {Threei} oil drops, market recovers
[15:32] {Threei} airlines start looking better
[15:33] {Onix} and it is ong way better than jblu & the other airlines
[15:33] {Onix} long way i mean
[15:40] {dino} wild ride into the close, 150 pts in minutes back and forth
[15:41] {dino} and backand forth,,,,,,,,,,,,,
[15:41] {Onix} i'm getting dizzy here!
[15:44] {dino} wants green dji, imo
[15:44] {dino} going for 100 up
[15:45] {dino} darn only 34
[15:53] {dptl} have a great weekend all :)
[15:54] {hawkfan4} u2 dp
[15:55] {dino} u2 dp
[15:59] {dino} cat stopped, i'm done
[15:59] {Onix} have a great weekend everyone, thanks & bye
[15:59] {dino} thanks all, good week
[15:59] {Threei} thank you all
[15:59] {dino} cya onix
[15:59] {Threei} have a great weekend
[15:59] {peterg} bye all
[15:59] {Geo} thanks guys
[15:59] {hawkfan4} have a great one all, thx :)
[15:59] {Threei} 9 winning days out of 9
[15:59] {Threei} me happy
[15:59] {Threei} see you all on Monday
[16:00] {magoo} ty boss
[16:00] {dino} bad finish for markets
[16:01] {patience} i have been watching jpmorgan today....ending not great
[16:01] {dino} not at all
[16:01] {dino} bac, c too cof strong tho
[16:02] {patience} somebody bought cof this morning...yeesh
[16:03] {dino} good report, but don't buy the open
[16:03] {patience} not good that bac, c and jpm dropped
[16:03] {dino} just looked at records, best week since1/11/08

Thursday, October 16, 2008

Oct 16 00:00:00 2008

Those who tried to join our Open House today - please accept our apologies. We had technical troubles with sending e-mail out and had to postpone our open days. We will try to resolve the problem as soon as possible and open our room for two days next week. We will send the e-mail out and post an alert in this area.

Once again, our apologies.


Session Time: Thu Oct 16 00:00:00 2008

[08:30] {Threei} SEPT CONSUMER PRICE INDEX M/M: 0.0% V 0.1%E; CPI EX FOOD-ENERGY M/M: 0.1% V 0.2%E;
[08:30] {Threei} INITIAL CLAIMS: 461K V 478KE; CONTINUING CLAIMS: 3.711M V 3.670ME
[08:30] {Threei} - Prior Initial Jobless Claims from 478K to 477K
[08:30] {Threei} - Prior Continuing Claims revised from 3.659M to 3.671M
[08:39] {ese} morning Vad
[08:39] {Threei} good morning
[08:39] {ese} that sell off yesterday was not the same kind of volume as last thursday
[08:39] {Threei} no
[08:40] {Threei} Europe/Asia reversed losses,
[08:40] {Threei} we are having gap up instead of big down
[08:40] {ese} just looking at that now.....
[08:44] {ese} hmmmmm getting to the point where they've rung out the weak hands
[08:45] {Threei} this point has to come sooner or later
[08:45] {Threei} NCC... I wish I knew what's cooking there
[08:46] {ese} is that a bank?
[08:46] {Threei} yeah, nationalcity
[08:48] {ese} wow.....down from 36.00 high....
[08:49] {Threei} well... just by that you can tell it's a bank :)
[08:49] {ese} assuming the govt is bailing them out as well.....3.00 is a great price
[08:51] {Threei} MORGAN STANLEY RAISED WFC TO OVERWEIGHT FROM UNDERWEIGHT, PRICE TARGET: $40
[08:53] {ese} smart money is going to be picking up shares of banks all over the place.....WFC is free money.....
[09:00] {ese} US banking system needs to do something about the way the back deposits. Canadian system is way more stable. Canadian banks are required to have more gold deposits to back up deposts rather than assets
[09:03] {ese} not sure what it was like down south but it sure didn't seem like canadians were running to the banks to take there money........
[09:03] {ese} seemed like most canadians could have cared less
[09:04] {cosmo} sounds careless
[09:04] {dino} gm all
[09:04] {ese} how so cos?
[09:04] {Threei} dino :)
[09:04] {ese} dino
[09:04] {cosmo} literally
[09:04] {ese} ahh
[09:04] {Threei} it's a matter of leveraging in the fractional reserve system ese
[09:04] {Threei} we all operate in it,
[09:05] {ese} indeed
[09:05] {Threei} but at some point more or less sane leverage, let's say 1:10 or 1:12
[09:05] {Threei} got replaced by up to 1:40
[09:05] {Threei} and new money created by new loans out of thin air turned a system into pyramid standing on its top
[09:06] {dino} just keep 250k or less, you are fine
[09:06] {ese} definately
[09:06] {dino} or, better yet, keep it at brokerage, they carry higher covera amounts
[09:06] {dino} coverage
[09:06] {ese} I understand the leverage thing very well......have to leverage my house every month to stay on this board.......
[09:07] {dino} whats up w/amzn, bloody thing
[09:07] {ese} yuk yuk yuk
[09:07] {dino} lol es
[09:07] {dino} we live on leverage here
[09:07] {ese} ??
[09:08] {cosmo} the need to increase mechanical advantage...
[09:09] {dino} daytrading 4/1
[09:10] {Threei} Why the panic bail-outs? The answer lies in the $55 trillion dollar Credit Default Swap market that is unraveling day to day. Banks and central banks are totally focused on the breaks to the credit ring when up to $400 billion of Lehman Brothers CDS obligations come due in the next week, with nobody at the teller window to pay up.
[09:10] {Onix} Good morning all
[09:10] {Threei} Onix :)
[09:11] {ese} onix
[09:11] {Threei} What this means is that unspecified banks holding the Lehman CDS derivatives will get nothing, and then they will be unable to meet their obligations to other banks. At stake are the Money Market Funds on deposit in these banks. The entire system could collapse, so banks do not want to be in the position of lending to one another. The credit market has failed.
[09:12] {ese} now that should be interesting Vad
[09:13] {ese} I thought those credit swaps had already unravelled.....
[09:13] {ese} end of last month
[09:13] {Threei} I am afraid we are far from that
[09:13] {dptl} good morning all
[09:13] {ese} hmmmmm
[09:13] {ese} dp
[09:13] {Threei} dp :)
[09:14] {dptl} :)
[09:14] {Onix} hi dp
[09:15] {Threei} *SEPT INDUSTRIAL PRODUCTION: -2.8% V -0.8%E
[09:16] {Threei} three biggest banks in the world that control well over 90% of the CDS market: JPMorgan Chase (JPM), Citigroup (C), and Bank of America (BAC).
[09:17] {Threei} This crisis will soon be over – but first the bankers must show us they have survived the next wave of CDS obligations coming due this week and next. The answer will be in the share prices of JPM, C and BAC.
[09:17] {ese} they will get bulk of govt bailout probably .....to back stop it.
[09:20] {ese} if the US govt can't backstop it Vad.....we'll use your money...dinos ...and a couple of otheres on the board
[09:21] {ese} probelem solved!!!!
[09:21] {Threei} I'll defend my last $3.62 till last couple of magoo's blood
[09:22] {ese} definately!!!!! i'lll help
[09:22] {Threei} till last drop I mean
[09:22] {Threei} where is magoo btw??
[09:23] {ese} at the hospital getting blood infusion
[09:23] {Threei} okkkk... dino... any other theory?
[09:24] {dino} magoo dealing w/r.e issues
[09:24] {GeoArb} gm
[09:24] {ese} geo
[09:24] {Threei} Geo :)
[09:24] {Threei} dino... on a scale of the country I hope?
[09:24] {dino} theories, no. i will simple trade what i see, no preconceptions.
[09:24] {Onix} hi Geo
[09:24] {Threei} 'cause gods know, we need someone to deal with those issues
[09:25] {dino} real estate issues
[09:25] {Threei} and I can't think of better person than magoo
[09:25] {Threei} I mean, just remembering that picture of him and killed deer
[09:26] {dino} wow s&p at spring '03 and summer '02 levels
[09:26] {Threei} negotiations over the barrel
[09:26] {dino} lol
[09:26] {Threei} so... I fully hope when magoo gets here he can report that r e issues are fixed in the USA
[09:27] {Threei} and we will buy everything in sight before letting the rest of the market know
[09:27] {dino} i think you will be disappointed
[09:28] {Threei} can I have a dream?
[09:29] {dino} indeed
[09:30] {ese} I dream of trading like you two!!!!!! does that count
[09:31] {dino} ok i'd like to see 8451 tagged then run
[09:33] {ese} bstop STLD .06
[09:34] {dino} 50 pts
[09:34] {dino} sm amzn l .25 wide
[09:35] {Threei} ADBE'
[09:35] {Threei} .11 long half lot
[09:35] {Threei} stop under 25
[09:35] {ese} L stld .07
[09:35] {dino} stop to .65
[09:36] {ese} i hope i haven't been bull trapped suckered
[09:36] {dino} to .25
[09:36] {Threei} half out .24
[09:36] {Threei} scalpers take profit
[09:36] {ese} get moving
[09:36] {dino} out .25, +1.00 amzn
[09:36] {GeoArb} half .23
[09:36] {dino} nobody?
[09:37] {Threei} out in full .50
[09:37] {Threei} sorry dino
[09:37] {Onix} ty got 17c
[09:37] {Threei} got involved with ADBE
[09:37] {GeoArb} nice dino
[09:37] {dino} hmmm
[09:37] {ese} nice dino....crap how do you do that??
[09:37] {dino} going to do it again i think
[09:38] {dino} nope
[09:40] {dino} chk l sm .30
[09:40] {Threei} Long Setup: MS 19.10 half lot
[09:40] {ese} stop to .00 STLD....very tight
[09:40] {Threei} if stays above .90
[09:40] {dino} oih rocking
[09:42] {ese} out STDL .27
[09:42] {Threei} wtg
[09:43] {ese} + .20 full lot....
[09:43] {ese} thats it for me today.......thursday is one of my early days
[09:43] {Threei} vene vidi vici
[09:43] {Threei} good job
[09:43] {ese} is that what that means
[09:44] {Threei} like I know what means what... I am poking keyboard randomly
[09:44] {Threei} stopped MS
[09:44] {GeoArb} out
[09:45] {ese} what were you in geo?
[09:45] {Onix} stopped ms
[09:45] {GeoArb} MS
[09:45] {Threei} TREASURY'S PAULSON: REITERATES THAT TAXPAYERS WILL RECOUP ALL OF THE $700B SPENT ON THE BAILOUT PACKAGE
[09:45] {ese} ahhhhhh good one
[09:46] {ese} sure they will....in 50 to 60 years
[09:46] {GeoArb} UBG IBG theory
[09:46] {GeoArb} youll be gone ill be gone
[09:47] {ese} good one haven't heard that one before
[09:47] {dptl} out stld +.30 ty ese
[09:47] {GeoArb} isnt that what all financial services did?
[09:48] {ese} your welcome dp......
[09:48] {ese} you did much bette thanI
[09:49] {dino} gj dp es
[09:49] {dptl} i took half lot though so its preatty much balanced:) ese
[09:49] {ese} I took a full one.....hence the tight stop
[09:49] {ese} it worked though
[09:50] {dptl} yep good call:)
[09:50] {dino} chk stop to .80
06[09:50] * Threei slaps ThurstonHowellTheThird around a bit with a large trout
[09:50] {dino} out chk .80, +.50
[09:51] {ThurstonHowellTheThird} Good morning
[09:51] {Threei} good to see you thtt
[09:51] {dptl} look who is here:)
06[09:51] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[09:51] {ese} thurston....long time no see.......hows the "minnow"
[09:51] {GeoArb} wow BTU
[09:52] {dino} gm thtt
[09:52] {ThurstonHowellTheThird} I finally got rescued from the island
[09:52] {ThurstonHowellTheThird} again
[09:52] {dino} i was thinking ginger, es
[09:52] {ese} didn't leave Mary=- Ann I hope
[09:52] {Threei} lol
[09:52] {Threei} how have you been?
[09:53] {ThurstonHowellTheThird} ok
[09:53] {dino} jpm?
[09:53] {ThurstonHowellTheThird} today is the open house, right?
[09:54] {Threei} actually, we had to reschedule it
[09:54] {Threei} some problems with mass e-mails
[09:54] {GeoArb} wo open house
[09:54] {ThurstonHowellTheThird} uh oh
[09:54] {GeoArb} ahh right the email we didnt get
[09:54] {Threei} only a few trickled through
[09:54] {GeoArb} wow BTU again
[09:54] {Threei} but hey, stay if you are one of few lucky ones :)
[09:54] {dino} sm l jpm .60
[09:54] {Threei} no news JPM
[09:55] {ThurstonHowellTheThird} thanx
[09:55] {Threei} I guess those CDS unwind not very well
[09:56] {dino} they are one of the annointed ones
[09:56] {dino} strange
[09:56] {dino} in any case stop is .25
[09:56] {Threei} (GE) GERMAN BUNDESBANK: CONFIDENT THAT IT WILL REACH AGREEMENT WITH THE GOVT ON THE NEW FINANCIAL STABILIZATION FUND
[09:56] {Threei} - The agency running the fund will be separate from the Bundesbank, supervised by the finance ministry.
[09:56] {Threei} - Accord will preserve the independence of the Bundesbank, which will support the management of the new fund agency.
[09:56] {Threei} - An additional finace market stability agency will be established within the bundesbank.
[09:57] {dino} skf quite the 5 day chart
[09:57] {Threei} C and BAC got hit just the same
[09:58] {dino} jpm stopped -.38
[09:58] {dino} man, hard stops on nyse always rinse me
[09:58] {ese} no kidding dino
[09:59] {dino} look right back to .60
[09:59] {ese} $100.00 up and down.....for the lucky few
[09:59] {dino} .90
[09:59] {dino} sheesh
[10:00] {Threei} *OCT PHILADELPHIA FED INDEX: -37.5 V -10.0E
[10:00] {dino} hard fall
[10:00] {dino} dji going neg
[10:01] {dino} back to original mode
[10:01] {dino} jpm l .30
[10:02] {dino} whippy markets, careful guys
[10:03] {dino} out jpm .70, +.40
[10:04] {dino} too soon
[10:04] {Threei} no such thing as taking profit too soon when it comes to banks - until financial crisis is over'
[10:05] {dino} y, worked out
[10:05] {Threei} Short Setup: C 15.60 break
[10:05] {Threei} if stays under .80
[10:05] {Threei} half lot
[10:07] {dino} need coffee
[10:07] {dino} waiting a few here, strange
[10:08] {Threei} covering half C
[10:09] {Threei} .43
[10:09] {Threei} stop to .65
[10:10] {Threei} to .55
[10:10] {Threei} feel free to cover as you see fit
[10:11] {Onix} ty Vad 22c on C
[10:11] {dino} going for the gap
[10:11] {Threei} welcome
[10:11] {Threei} come on THTT... tell me you made your profit with us after long break
[10:11] {Threei} I am out in full .19
[10:12] {Threei} +.40
[10:12] {GeoArb} out .29 TY vad
[10:12] {Threei} :)
[10:12] {dino} c'mon 25 pts
[10:12] {ThurstonHowellTheThird} figures...I just got back from the bathroom :(
[10:13] {dino} bammmmm
[10:13] {GeoArb} lol
[10:13] {dptl} lol
[10:13] {Threei} sigh
[10:13] {dino} fri-mon gap filled
[10:13] {GeoArb} joyg
[10:13] {ese} have a great day all.......
[10:14] {ese} outta here
[10:14] {GeoArb} bye ese
[10:14] {dino} step aside
[10:14] {ese} geo
[10:14] {dino} es cya
[10:14] {Threei} take care ese
[10:15] {dino} -900 pts since yesterday
[10:15] {dino} crazy
[10:15] {Threei} US TREASURY'S PAULSON: US WILL HAVE A FEW 'TOUGH MONTHS' WILL PERFORM WELL AFTER THROUGH ROUGH TIME FRAME DUE TO US RESILIENCY - TV INTERVIEW
[10:15] {Threei} - Notes that indicators are showing that the US is doing the right thing
[10:15] {Threei} what indicators?
[10:16] {Threei} I want his indicators
[10:16] {GeoArb} stochastics
[10:16] {dino} risky sm l fcx .00
[10:17] {peterg} morning people
[10:18] {Threei} peter :)
[10:19] {Threei} dino... how bored are we going to be when market returns to its usual ranges
[10:20] {Onix} i can;t wait for more boring markets to return!
[10:21] {dino} very 3i, very
[10:21] {dino} back to sleeping at desk
[10:22] {dino} have to admit, pretty intense lately
[10:23] {Threei} it's time to hear from long time friends:
[10:23] {Threei} NIGERIAN OIL MIN: EMERGENCY OPEC BEFORE NOV IS BEING CONSIDERED
[10:23] {Threei} {USO}
[10:29] {dino} out fcx .40, +.40
[10:29] {Onix} gj
[10:29] {dino} ty
[10:30] {dino} had .75, greed
[10:32] {Onix} yesit was movig qute fast up & down
[10:33] {dino} glad to be out
[10:34] {dino} going fpor 8200, start of leg up
[10:35] {Threei} OPEC HAS REPORTEDLY RESCHEDULED EXTRAORDINARY MEETING TO OCT 24 FROM NOV 17
[10:35] {Threei} - Note the Nigerian Minister earlier noted that this may be a possibility
[10:35] {Threei} extraordinary eh
[10:36] {dino} yes, beer, wine, dancing girls, and perhaps some golf too
[10:36] {dino} i'll be there
[10:36] {hawkfan4} that does sound extraordinary
[10:37] {GeoArb} really?
[10:37] {GeoArb} that just sounds like an ordinary AIG meeting
[10:37] {hawkfan4} lol
[10:40] {ThurstonHowellTheThird} how do I get IRC to beep?
[10:40] {dino} smack it
[10:40] {ThurstonHowellTheThird} still not beeping
[10:41] {dino} eyes on amzn again
[10:42] {dptl} go to dcc folder and than options you'll find sound settings THTT
[10:42] {ThurstonHowellTheThird} okt thx
[10:42] {Threei} US REPORTEDLY EVALUATING A POTENTIAL PLAN FOR MORTGAGE REFINANCING
[10:44] {Threei} VIX VOLATILITY INDEX REACHES NEW RECORD AT 77.32
[10:49] {dino} yeah, basically the govt is going to rent your house to you, as principal will never get paid
[10:50] {Onix} until later, off to work now
[10:51] {Threei} take care Onix
[10:51] {peterg} l8tr onix
[10:51] {dino} cya onix
[10:55] {Threei} watching BAC for possible short on .50 break
[10:55] {dino} sm l fcx .85 risky, fast
[10:56] {Threei} stop above .70 if triggers
[11:00] {Threei} DOE CRUDE: +5.61M V +2.5ME;
[11:00] {Threei} GASOLINE: +7M V +3ME; DISTILLATES: -453K V +500KE; UTILIZATION: 82.2% V 83.7%E
[11:00] {Threei} half out BAC .3
[11:00] {Threei} .32 sorry
[11:01] {dino} -300+
[11:01] {ThurstonHowellTheThird} +.20 ty
[11:01] {dino} 8200 here we come
[11:01] {Threei} finally thtt :)
[11:01] {patience} or below
[11:01] {GeoArb} sheesh
[11:01] {GeoArb} instead of half out I added half
[11:01] {GeoArb} and then panicked and exited
[11:01] {GeoArb} lol
[11:02] {Threei} scalpers are solidly over 1"1
[11:02] {GeoArb} all out .24
[11:02] {GeoArb} TY vad
[11:02] {dino} anyone in fcx don't let it hurt you
[11:02] {Threei} welcome
[11:02] {Chaeron} Good morning everybody... looks like I missed a lot of good ones
[11:02] {Threei} Chaeron :)
[11:02] {GeoArb} hey chaeron
[11:03] {Chaeron} all good up there Geo?
[11:03] {GeoArb} yeah all controlled
[11:03] {GeoArb} you gotta hand it to those helecopters
[11:03] {GeoArb} deadly accuracy
[11:03] {dino} stop fcx -.40
[11:04] {Chaeron} good
[11:04] {dino} now it will go
[11:05] {dino} soon they will drop money out geo
[11:06] {GeoArb} when?
[11:06] {GeoArb} i have been standing with arms outstretched for days !
[11:07] {dino} lol
[11:07] {dino} you see, these fires are the govt's new plan, burn em all, let the insurance companies pay
[11:08] {GeoArb} but the insurance companies ARE the gov these days
06[11:08] * GeoArb is confused
[11:08] {dino} that way, a housing shortage
[11:08] {GeoArb} heard about the AIG england hunting trip on our money?
[11:08] {dino} y
[11:09] {dino} cheney should've gone
[11:09] {patience} not only did they take employees, but their good customers...yeesh
[11:09] {GeoArb} lol dino
[11:09] {dino} kill a couple bonus owners, lol
[11:10] {Threei} I am not a very blood -thristy person, normally... but I am looking forward for trials
[11:10] {dino} amzn sm l .00
[11:10] {Threei} if we found it necessary to sent Martha to jail, what are we to do with these guys?
[11:10] {dino} me too 3i
[11:10] {Chaeron} Frank
06[11:10] * GeoArb has been drying torches and sharpening pitchforks
[11:10] {dino} ebbers and kozloski will have new roomates
[11:11] {dino} lod
[11:11] {GeoArb} -350 dow........ i know i know its nothing
[11:11] {Threei} nah
[11:11] {Threei} not worth wasting baandwidth
[11:12] {dino} hate to say it, but double bottom coming soon, maybe not today...but soon
[11:12] {dino} 7900ish
[11:12] {Threei} on NASDAQ it's right here
[11:12] {Threei} notice finnies do not make new low right now
[11:14] {Threei} WFC
[11:14] {Threei} very risky, long on .50 break
[11:17] {Threei} come on WFC, it's bounce time
[11:18] {GeoArb} stop vad?
[11:18] {Threei} under .25
[11:20] {Threei} BAC's moving, catch up WFC, will ya?
[11:22] {dino} opps forgot order afam l sm .15
[11:22] {Threei} lol
[11:22] {Threei} good boy WFC
[11:22] {Threei} half out .72
[11:22] {Threei} scalpers just be happy
[11:22] {dino} i was a buck under for an hour
[11:23] {GeoArb} all out .68 th vad
[11:23] {Threei} WFC over 1:1 solidly
[11:23] {Threei} welcome
[11:23] {ThurstonHowellTheThird} +.24 thx again
[11:23] {Threei} :)
[11:24] {Chaeron} Hi Mr. Howell... long time... good to see you
[11:24] {Threei} I am out in full .86
[11:24] {ThurstonHowellTheThird} good to see you too :)
[11:25] {Threei} MS CEO: CREDIT HAS 'ABSOLUTELY DRIED UP' - CNBC COMMENTS
[11:25] {dptl} +.29 wfc ty
[11:25] {dino} who is miss ceo?
[11:25] {dino} husband cut her off
[11:26] {Threei} dp :)
[11:26] {dino} out amzn .80, +.80
[11:29] {GeoArb} met my daily
[11:29] {dino} amzn too soon
[11:29] {GeoArb} was down 300 at a point..
[11:29] {Threei} wow
[11:29] {Threei} on what??
[11:29] {GeoArb} dont ask vad
[11:30] {GeoArb} moral is whaen i experiment on my own i should do on 1/4 lot
[11:30] {Threei} we had just one stop today and it wasn't anything of such potential
[11:30] {Threei} ah
[11:30] {dino} partial out afam .80, +.65
[11:30] {Threei} what's with all those intentions to take my calls only for a while
06[11:30] * GeoArb hoping yo didnt remember
[11:30] {Threei} {----- just looking for excuse to do this:
06[11:31] * Threei slaps GeoArb around a bit with a large trout
[11:31] {GeoArb} heheh
[11:31] {GeoArb} you see you made me too much money and i got cocky
[11:31] {dino} gj geo
[11:31] {GeoArb} its your fault
06[11:31] * GeoArb slaps Threei around a bit with a large trout
[11:31] {Threei} so, let me get this straight
[11:31] {dino} out remainder afam .80, +.65
[11:31] {Threei} you do a certain thing,
[11:31] {Threei} it makes you money,
[11:31] {Threei} so you get cocky and STOP doing that thing?
[11:31] {dino} happens to us all geo.
[11:31] {GeoArb} no no
[11:32] {GeoArb} I add my own stuff on top
[11:32] {Threei} right
[11:32] {dino} bury the dead, best thing to do
[11:32] {Threei} which qualifies as stopping
[11:32] {GeoArb} sigh
06[11:32] * GeoArb slaps GeoArb around a bit with a large trout
[11:32] {Threei} since the thing was to take my calls only for a while,
[11:32] {Threei} see what works
[11:32] {Threei} formulate it
[11:32] {Threei} then start venturing on your own
06[11:32] * peterg slaps GeoArb around a bit with a large trout
[11:33] {GeoArb} hey !!
[11:33] {peterg} yeah!
[11:33] {Threei} so, have you done analysis?
[11:33] {dino} csh sm l .30
[11:33] {peterg} just trying to help
[11:33] {Threei} what is it that I do that differs from what you do?
[11:33] {GeoArb} you dont let a position go against you and you respect stops :(
[11:33] {GeoArb} booohooohoo
[11:34] {peterg} awwww, gee whizzz
[11:34] {peterg} give him some money
[11:34] {peterg} geo, youll get it
[11:34] {GeoArb} umm peterg
[11:34] {GeoArb} i made my daily
[11:34] {peterg} goodo
[11:35] {peterg} good oh
[11:35] {peterg} good0
[11:35] {dino} he's got it
[11:35] {GeoArb} :)
[11:35] {GeoArb} wfc hmmm
[11:35] {dino} geo, i understand, when i do not hard stop entries, i let them slip bigger....because i am an idiot. wired wrong i guess
[11:35] {Chaeron} Geo, you've been doing exceptionally well... ccongrats
[11:36] {GeoArb} exactly geo
[11:36] {GeoArb} thats my [roblem
[11:36] {GeoArb} thanks chaer
[11:36] {dino} and bottom line....its all about stops
[11:36] {Threei} WFC 32 break was a valid setup... I just am not very delighted about risk levels here
[11:36] {GeoArb} cup and handle?
[11:37] {GeoArb} not taking just observing
[11:37] {Threei} "Bush is to the left of me now," Chavez told an audience of international intellectuals debating the benefits of socialism. "Comrade Bush announced he will buy shares in private banks."
[11:37] {Threei} it was, yes
[11:38] {dino} wonders never cease, magoo bought lunch
[11:38] {GeoArb} wow
[11:38] {GeoArb} he must be killing it
[11:40] {dino} drys gap filled
[11:41] {magoo} hey
06[11:41] * Threei slaps magoo around a bit with a large trout
[11:42] {dino} anyone having fun today?
[11:42] {Threei} gosh
[11:42] {Threei} I make money and get to slap people
[11:42] {dino} :)
[11:42] {Threei} what is not fun about that?
[11:42] {magoo} and i likegetting slapped
[11:43] {ThurstonHowellTheThird} what more could you ask for?
[11:43] {Threei} there
[11:43] {Threei} fun all around
[11:43] {Threei} well, I could think of a few more things thtt
[11:43] {Threei} but this will do for now
[11:46] {magoo} i see qqqq held 29
[11:47] {GeoArb} wfc doing better than bac
[11:47] {dino} dji wants green
[11:48] {Threei} well, I couldn't bring myself to hold longs in this environment for more than scalp
[11:48] {Threei} or reenter when they were that far from bottom
[11:48] {Threei} those are things you do in bull market
[11:48] {Threei} and we will be back doing them when it's time
[11:48] {GeoArb} i have to say
[11:48] {dino} same, look amzn .80 higher, afam 1.00 higher etc
[11:49] {GeoArb} and this is totally random.....paul newman is my new hero
[11:49] {GeoArb} the more i read about him the more impressed i am
[11:50] {GeoArb} he gave away more than anyone in his league in terms of relative income
[11:50] {GeoArb} wfc
[11:51] {dino} cool dude
[11:51] {GeoArb} amazing philanthrpist
[11:55] {Chaeron} He was... I heard rick warren gives 90% of his income away and lives on 10%... another in that league
[11:55] {GeoArb} really?
[11:56] {Chaeron} yes
[11:57] {GeoArb} i have a few people in my office who are in his congregation
[11:57] {Chaeron} he's the guy that moderated the first "debate" between Sens. McCain and Obama
[11:57] {magoo} gog reports tonite..always fun to watch
[11:57] {GeoArb} cone of silence didnt exist
[11:57] {magoo} will go 50 points but never know which way
[11:58] {magoo} goog that is
[11:58] {Threei} QATARI OIL MINISTER: BELIEVES OPEC WILL CUT PRODUCTION BY 1.0M BBL OR MORE IN UPCOMING CONFERENCE
[12:00] {GeoArb} comeone !!!
[12:00] {GeoArb} its not like they have a recession
[12:00] {Threei} why don't these guys justy gather once, establish a price per barrel they like and tell the world "this is what we sell it for, period"
[12:00] {GeoArb} chaer dcc
[12:01] {dino} that price would be $200
[12:01] {Chaeron} this way they can front run the markets and make more $$$
[12:01] {GeoArb} noooooo... I am planning to buy a pilot
[12:01] {peterg} for your plane?
[12:01] {Threei} they are dictatorships anyway, it's not like they believe in free markets
[12:02] {peterg} nobody does anymore
[12:02] {dino} you guys remember the days when the dji would not move more than 100 pts intra-day
[12:02] {Chaeron} right but they can manipulate other markets... I want to do that one day.. LOL
[12:02] {Threei} dino... we would if our memory span exceeded 15 minutes
[12:02] {dino} me too chaert, i'd make a good dictator
[12:02] {dino} imo of course
[12:02] {Threei} so would I
[12:03] {Chaeron} I 'd vote for you guys... I'd have to I think.........
[12:03] {Threei} I would be the benevolentest dictator of all times
[12:03] {dino} somehow tho, at home i am not in charge
[12:03] {Threei} you better chaeron
[12:03] {GeoArb} lol
[12:03] {Threei} we benevolent dictators shoot those who don't vote for us
[12:03] {GeoArb} honda pilot peterg
[12:03] {Threei} but you are free to chose of course
[12:03] {dino} we have too, it saves taxpayers $
[12:04] {peterg} gd choice
[12:04] {GeoArb} sounds like trading with debeers
[12:04] {GeoArb} my friend buys with them
[12:04] {GeoArb} they give him a box and tell him what they think it is worth
[12:04] {GeoArb} he has a chice
[12:05] {GeoArb} not buy and never be invited again
[12:05] {GeoArb} lol
[12:06] {Threei} I don't like this quitness in the market
[12:06] {Threei} quietness
[12:07] {Threei} lately all calm periods turned into selling storms
[12:07] {dino} going down
[12:07] {Threei} good thing we made decent money
[12:07] {Threei} can sit out uncertain period now
[12:07] {GeoArb} can we short wfc?
[12:08] {Threei} can as in should we?
[12:08] {GeoArb} can
[12:08] {Threei} or as in "will we be shot by some benvolent dictator"?
[12:08] {GeoArb} sheesh
[12:08] {dino} lol
[12:08] {dino} just re-fi w/them and default
[12:08] {GeoArb} vads really plotting here
[12:09] {Threei} hehe
[12:09] {Threei} if you mean whether it's shortable - yes it is
[12:09] {GeoArb} i tried yesterday and got sec error
[12:09] {Threei} which you casn easily find out by sending an order to short couple bucks above market
[12:09] {GeoArb} true
[12:09] {Threei} inststead of making me work
[12:10] {dino} thats what i do
[12:10] {GeoArb} yeah looks like is ok
[12:10] {Threei} {--- looking for an excuse again
[12:10] {Threei} oh, like I really need excuse
06[12:10] * GeoArb looks busy
06[12:10] * Threei slaps Threei around a bit with a large trout
06[12:10] * magoo slaps GeoArb around a bit with a large trout
[12:10] {GeoArb} wahy magoo why?
[12:10] {Threei} ty magoo
[12:10] {Threei} here is why Geo
[12:10] {Chaeron} Benevolent dictators don't need no stinkin' excuses
06[12:10] * Threei slaps GeoArb around a bit with a large trout
[12:11] {magoo} hows that vad
[12:11] {Threei} yes chaeron, that's why I slapped mysaelf - to remind that
06[12:11] * GeoArb thinks magoo will be a good dictator's hatchet man
[12:11] {magoo} u correct
[12:11] {Chaeron} as BD, you could hire me to slap you if you'd desire :)
[12:11] {GeoArb} BD?
[12:12] {GeoArb} oh ok
[12:12] {Chaeron} Benevolent Dictator
[12:12] {GeoArb} heheheh
[12:12] {GeoArb} i believe we have a new name for 3i
[12:12] {Threei} you can call me BeneDict
[12:12] {Chaeron} lol
[12:12] {GeoArb} BeneDict Lord Vadster
[12:13] {GeoArb} surge
[12:13] {Threei} ok... Seinfield still can sleep well I suppose...
[12:13] {dino} purge
[12:13] {magoo} sir benedict lord vader
[12:13] {dino} green comp, dji next
[12:14] {hawkfan4} awesome call on nasdaq double bottom vad. bot nq small at 1198, put in stop, ran to the bank, and came back to happiness
[12:15] {Threei} wtg hawk
06[12:15] * dino slaps Chaeron around a bit with a large trout
[12:15] {Threei} we are green
[12:15] {Chaeron} for?
06[12:15] * dino slaps hawkfan4 around a bit with a large trout
[12:15] {Threei} now don't forget
06[12:15] * magoo slaps Chaeron around a bit with a large trout
[12:15] {GeoArb} how many points hawk?
[12:15] {Threei} double bottom is a double bottom until it's not
[12:15] {hawkfan4} so far +72
[12:15] {dino} hawk, what about my dji wants 8200 way up there
[12:15] {Threei} jez hawk
[12:15] {hawkfan4} that was sweet too dino :)
[12:15] {Threei} 72 points?
[12:16] {Threei} onhbow many contracts?
[12:16] {dino} :)
[12:16] {magoo} i am l goog 324
[12:16] {hawkfan4} just 2, but still like 3k
[12:16] {GeoArb} ammmmazing hawk
[12:16] {dino} that was 400 pts ago
[12:16] {magoo} cme 353
[12:16] {Threei} beauty
[12:16] {dino} wtg magoo
[12:16] {magoo} out cme 360.69
[12:16] {dino} fcx sm l .00
[12:17] {GeoArb} nice magoo
[12:17] {magoo} out goog 328.57
[12:17] {GeoArb} you using IB for NQ hawk?
[12:17] {hawkfan4} yes
[12:17] {GeoArb} so i guess you met your daily hehehe
[12:17] {hawkfan4} :)
[12:18] {magoo} sick..out all morning
[12:18] {dino} out csh .90, +.60
[12:18] {magoo} walk in make 1500 bux
[12:18] {hawkfan4} nice
[12:18] {GeoArb} nice
06[12:18] * GeoArb is hiding his 200
[12:19] {magoo} no brag by any means..just reason why u must stay in game
[12:19] {GeoArb} true
[12:19] {GeoArb} hey its the numbers that inspire
[12:19] {hawkfan4} very true, learned a big hard lesson about that earlier this year mags
[12:20] {dino} ty
[12:22] {magoo} its been a tough environment for sure
[12:23] {GeoArb} quick Q
[12:23] {GeoArb} anyone uses excel connectivity feature?
[12:24] {hawkfan4} i don't
[12:24] {GeoArb} i am just curious if I can use it for faster stop setting
[12:24] {GeoArb} hate using mouse clicks
[12:25] {magoo} i luv using mouse
[12:25] {magoo} where do i plug in micro phone for skype anyone?
[12:26] {magoo} screen or box?
[12:26] {GeoArb} ????
[12:26] {GeoArb} depends on interface
[12:26] {GeoArb} usb or 1/8th
[12:27] {Threei} what I do magoo, is I close my eyes and stab the monitor with plug... sometimes I manage to stick it right into mike icon
[12:27] {Threei} for some reason it doesn't work anyway
[12:28] {magoo} geo HUH?
[12:28] {GeoArb} 1/8th plug?
[12:28] {Threei} ROFL!
[12:28] {Threei} noticed?
[12:29] {Threei} Geo's answer got huh?
[12:29] {magoo} round plug in
[12:29] {Threei} mine was taken as normal
[12:29] {hawkfan4} lol
[12:29] {GeoArb} round like ipod round?
[12:29] {Threei} tells you that magoo finds my approach quite acceptable
[12:29] {magoo} yes
[12:30] {magoo} whats an ipod ?
[12:30] {Threei} lol
[12:30] {Threei} I am falling from my chair here
06[12:30] * GeoArb gives up
[12:30] {dino} -150dji drop?
[12:31] {magoo} where is the ipod located? on screen or on box?
[12:31] {Threei} {--- crying
[12:32] {GeoArb} check your mail vad
[12:32] {hawkfan4} heee, too funny
[12:34] {GeoArb} vad promise no calls for next 5 mins and ill reboot computer
[12:35] {GeoArb} lol thats not very reasonable
[12:35] {Threei} ok, i'LL GO FOR A SMOKE
[12:35] {Threei} oops caps
[12:39] {GeoArb} back
[12:40] {GeoArb} man so many XP patches
[12:40] {GeoArb} unbelievable
[12:43] {Threei} F
[12:43] {Threei} REPORTEDLY LAUNCHING NEW INCENTIVE PROGRAMS
[12:43] {Threei} - Offering $2,000 cash back on 2009 F-150, offering $7,000 cash back on 2008 model.
[12:43] {Threei} - Sees a mild recovery in the light truck segment.
[12:50] {hawkfan4} chaos
[12:51] {Threei} FED'S STERN: THERE HAD BEEN PLENTY OF WARNINGS ABOUT PROBLEMS AT FNM AND FRE - Q&A
[12:51] {Threei} - Restoring a functioning financial system is far more important at the moment than assigning blame.
[12:51] {Threei} ummm
[12:51] {Chaeron} ok, but we still want a hangin'
[12:51] {GeoArb} i am sure we can do both
[12:51] {Threei} yeah but we are going to get president who was right there on the FNM/FRE side
[12:53] {dino} either way
[12:53] {dino} fed must be reading this site 3i to comment above
[12:54] {Threei} I am sure
[12:54] {dino} lol
[12:54] {Threei} I heard Ben can't wait for trading day to end so we post our trading log and he can read
[12:54] {Threei} and he is too cheap to pay for membership
[12:54] {GeoArb} i thought magoo was ben
[12:54] {dino} yeah, the want to shut us dirty rotten speculators down
[12:55] {dino} magoo is "big" ben
[12:55] {GeoArb} ah
[12:55] {Threei} isn't it personal
[12:56] {Threei} ah come on
[12:57] {Threei} that WAS funny
06[12:57] * GeoArb will let BD and hattchet decide
[12:57] {Threei} {--- crying... no one appreciates his sense of humor, decisively moved up to 12 years old
[12:58] {Threei} Short Setup: DELL .49
[12:58] {Threei} if stays below .60
[13:00] {Threei} OCT NAHB HOUSING MARKET INDEX: 14 V 17E
[13:04] {Threei} stopped
[13:13] {Threei} NVDA
[13:13] {Threei} WILL REPORTEDLY AIM TO INCREASE REVENUES THROUGH EXPANSION IN ADDITIONAL MARKETS, WILL UNVEIL NEW VIDEO GAME TECHNOLOGY WITHIN A MONTH'S TIME
[13:15] {Threei} look at UAUA move today
[13:16] {GeoArb} i guess its still sensitive to oil
[13:17] {GeoArb} lod oil 68.57
[13:18] {dino} pulp can move baby
[13:19] {GeoArb} pulp?
[13:19] {peterg} Meanwhile, in Dabai, two Brits jailed for 3 months for sex on beach
[13:19] {GeoArb} serves em right
[13:20] {GeoArb} ask ANYONE in europe if they want britih tourists
[13:20] {peterg} at soccer games, or worse
[13:20] {dino} itmn
[13:21] {Threei} IEA'S TANAKA: THE PERIOD OF LOW ENERGY PRICES HAS PASSED, OIL PRICES WILL INCREASE IN THE LONG TERM
[13:21] {Threei} passed?
[13:22] {dino} pulp baby sienfeld/costanzza
[13:23] {GeoArb} you in itmn dino?
[13:24] {dino} i am now sm .06, careful
[13:24] {dino} would like to see 13.80s
[13:25] {dino} stop just below .60
[13:25] {dino} drug approval, japan
[13:25] {dino} regulatory? whatever that means
06[13:28] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[13:28] {dino} 1:1 geo
[13:28] {Threei} good one dino
[13:28] {GeoArb} nice geo
[13:28] {GeoArb} i didnt enter
[13:29] {GeoArb} really nice
06[13:29] * dino slaps GeoArb around a bit with a large trout
[13:29] {GeoArb} hey i did my daily and learning and observing :)
[13:29] {dino} ty 3i
[13:29] {GeoArb} oh forgot last stop
[13:30] {dino} not sure what to say
[13:30] {dino} working on 2x's
[13:30] {GeoArb} :)
[13:30] {patience} nov oil contract dipped down into the 60's...ho hum, wonder if it will be 50's by friday
[13:30] {dino} stop to .56'
[13:31] {dino} to .73
[13:31] {dino} theres .80
[13:31] {GeoArb} impressive dino
[13:32] {dino} out +.67
[13:32] {dino} lucky
[13:32] {dino} could've easily dropped as much
[13:33] {dino} too tight
[13:36] {dino} itri
[13:38] {Threei} MSFT REITERATES NO INTEREST IN BUYING YAHOO
[13:38] {Threei} {YHOO shareholders} now, who was the imbecil who rejected buyout at 32?
[13:39] {dino} wow
[13:39] {dino} itri
[13:39] {dino} geo, bottom thoughts (geo subbing for bruce)
[13:39] {GeoArb} ummmm
[13:39] {dino} 55 strike
[13:39] {dino} ?
06[13:40] * GeoArb racking brains
[13:40] {GeoArb} 56
[13:40] {dino} bidding 55.01 v sm
[13:41] {dino} not gonna happen
[13:41] {GeoArb} 56
[13:42] {dino} wait
[13:42] {GeoArb} hmmm looking more down
[13:42] {dino} mkt droppiong
[13:42] {dino} can't type
[13:43] {dino} ok, 56 it is
[13:45] {dino} wow, my old friend leap got the bat to its' knees
[13:46] {GeoArb} power up
[13:48] {dino} drop to .61
[13:50] {dino} ok v sm v wide l .60
[13:51] {GeoArb} nope countertrend scares me
06[13:51] * GeoArb bows out
[13:51] {dino} so far u r right
[13:51] {dino} .60 r/r
[13:52] {dino} should've just wating at original
[13:54] {dino} c'mon follow mkt
[13:56] {dino} waited
[13:56] {dino} =wating
[13:58] {Threei} ugh UAUA
[13:59] {dptl} lcc?
[14:00] {dino} stops-skill geo
[14:01] {dino} hard was .96
[14:01] {GeoArb} ok
[14:01] {GeoArb} nice
[14:03] {dino} to .20
[14:03] {dino} 1/1
[14:03] {dino} out slip .16, +.56
[14:03] {GeoArb} wtg
[14:04] {dino} you know why .96 original stop right
[14:04] {Threei} FED ISSUES NEW RISK MANAGEMENT GUIDANCE FOR BANK HOLDING COMPANIES, SHOULD SUPPORT A 'RESILIENT' FINANCIAL SYSTEM
[14:04] {Threei} wow ABK
[14:04] {GeoArb} actually i dont
[14:04] {Threei} ABK
[14:04] {Threei} HEARING FRIEDMAN BILLINGS MAKING POSITIVE COMMENTS ON PROSPECTS FOR FED BACKSTOP (TIMING UINCERTAIN)
[14:05] {Threei} that's all?
[14:05] {dino} 5k order at 55.00, avoid wrong trip move it .04 lower, 500 buy at .95
[14:05] {dino} trip=slip
[14:05] {GeoArb} ic
[14:05] {GeoArb} nice :)
[14:05] {dino} 200 size
[14:06] {dino} thats why wider stop
[14:07] {GeoArb} ok
[14:10] {Chaeron} where's oil?
[14:10] {GeoArb} 70.57
[14:10] {Chaeron} what the heck? Where's the outrage?
[14:10] {dino} nymex.com/index.aspx
[14:11] {Chaeron} oh, I took .19 from DELL... in .66 out .85 earlier... sorry late
[14:12] {Threei} SOLR
[14:12] {Threei} SIGNS $46.8M CONTRACT WITH TOP GREEN ENERGY TECHNOLOGIES
[14:12] {Threei} - Contract is GT Solar's most comprehensive polysilicon production equipment and services agreement to-date, and the company's first sale of its products to a customer based in Taiwan.
[14:12] {Threei} - Expected to begin delivering equipment to Top Green Energy Technologies in the second half of the 2009 calendar year.
[14:13] {Threei} it's kind of one year from now, right?
[14:15] {Chaeron} sigh
[14:15] {Threei} I guess 5.30 buyer looked at calendar
[14:15] {Threei} and hit sell button
[14:15] {Chaeron} that's why I sighed
[14:15] {Chaeron} (teasing)
[14:26] {GeoArb} .
[14:33] {Chaeron} shhhh every be quiet.... Geo thinks he's disconnected :)
[14:34] {hawkfan4} ok...DOH!
[14:34] {GeoArb} :)
[14:35] {dino} i think he is
[14:36] {dino} oh thats right, on ignore
[14:36] {GeoArb} ---------
[14:36] {GeoArb} [11:35] [GeoArb PING]
[14:36] {GeoArb} -----------
[14:36] {GeoArb} [11:35] [GeoArb PING reply]: 0secs
[14:36] {dino} cmt has a pleasant show on now
[14:37] {GeoArb} whats cmt?
[14:37] {dino} country music channel
[14:37] {GeoArb} ah ok
[14:37] {dino} dallas cowboy cheerleader tryouts
06[14:37] * GeoArb is fumbling for the remote
[14:38] {dino} lol
[14:38] {dino} commercial
[14:38] {hawkfan4} {==hawk knocks over his diet coke dashing for the tv
[14:38] {GeoArb} diet hawk?
[14:38] {hawkfan4} diet cherry
[14:39] {dino} diet coke
[14:39] {dino} you have to remember geo, we're old guys compared to you
[14:39] {GeoArb} heh
06[14:40] * GeoArb is young and tubby
[14:40] {hawkfan4} how old r u geo?
[14:40] {GeoArb} 34
[14:40] {hawkfan4} ah, 39
[14:40] {dino} 43 here
[14:40] {GeoArb} heard rumores laserdave is 19
[14:40] {Threei} ,lol
[14:41] {dino} now his girlfriend is
[14:41] {GeoArb} even better
[14:41] {dino} indeed
[14:41] {dino} vv sm wide l ice .75
[14:41] {GeoArb} spit it out chaeron
[14:47] {dino} ok 8 ball says dji close hod
[14:47] {magoo} lil power up here
[14:47] {hawkfan4} im with ya. thinking big rally to the close
[14:48] {dino} theres 51
[14:48] {dino} 100 to go
[14:51] {dino} 101
[14:52] {dino} 110
[14:53] {Threei} so... ADBE .50 break, and UAUA .50 break?
[15:02] {GeoArb} you take uaua vad?
[15:03] {Threei} sure
[15:03] {Threei} can't decide to scakp or nurse it
[15:03] {dino} 111
[15:04] {GeoArb} NQ hod
[15:06] {dino} out fcx .45, +.45
[15:06] {magoo} because you are such "the " nursing nuturing type lol
[15:06] {dino} out ice .00, +1.25
[15:07] {dino} b e a u t i f u l
[15:08] {Chaeron} great one dino
[15:08] {dino} 8 ball wrong, exceeded hod
[15:08] {dino} ty chaer
[15:11] {GeoArb} 1282 to 1292.5 2 lots
[15:11] {dino} gj
[15:11] {hawkfan4} nice trades
[15:11] {dino} need 100 more points for average 700 range
[15:12] {magoo} crazy dino
[15:12] {dino} 75 to go
[15:13] {Threei} out UAUA +.36
06[15:13] * Threei slaps magoo around a bit with a large trout
[15:13] {Chaeron} nice one Vad
[15:13] {GeoArb} nice vad
[15:13] {magoo} :)
[15:13] {Threei} becay=use I am such a nursing type
[15:13] {Chaeron} and benevolent too
[15:13] {dino} nurse this
[15:13] {Threei} out ADBE +.50
[15:13] {Chaeron} roflol... dino about to be kicked
[15:13] {dino} gj
[15:13] {Threei} becayuse I am such a nursing type
06[15:14] * GeoArb doesnt want t imagine vad nursing
[15:14] {Threei} everyone's happy today?
[15:14] {hawkfan4} yes sir
[15:14] {magoo} my best day in month
[15:14] {dino} 30 pts
[15:14] {patience} 765
[15:14] {Threei} :)
[15:14] {GeoArb} really magoo
[15:14] {patience} sorry
[15:14] {magoo} yes
[15:14] {GeoArb} more details pls
[15:14] {magoo} and never started till noon
[15:14] {GeoArb} hehe
[15:14] {magoo} maybe i should sleep in
[15:15] {GeoArb} you should do that more often
[15:15] {Chaeron} DELL?
[15:15] {Threei} DELL kind of lags
[15:15] {Threei} not sure about it
[15:15] {dino} next gap dji is 9310
[15:16] {dino} wed. close
[15:19] {magoo} dino really nailing the range guys..pay attention...i wish i had yesterday
[15:21] {GeoArb} vad dcc pls
[15:21] {Threei} do I have to?
[15:22] {dino} no
[15:22] {Threei} good
[15:22] {Threei} I choose not to
[15:22] {GeoArb} puhhhlease
[15:22] {magoo} if u choose not to decide....u still have made a choice
[15:24] {dino} and the worst thing you can do is nothing
[15:24] {hawkfan4} freewill
[15:24] {Threei} what do you mean nothing... I choose to sleep
[15:25] {dino} quoting teddy roosevelt.
[15:26] {Threei} he probably wasn't very big on sleep
[15:26] {dino} in any moment of decision, the best thing you can do is the right thing, the worst thing is nothing
[15:26] {Threei} so by him, doing wrong thing is still better than nothing?
[15:27] {dino} just shy of 3x's guys, i may be done, unless a nice capit pops up
[15:28] {dino} 3i, hmmm, teddy must have been a stock trader, so doing nothing on a bad trade is the worst thing. see
[15:28] {dino} the sign is on the wall directly in front of my desk. a reminder tto keep stops
[15:29] {dino} the other one is churchill and you know what he said
[15:29] {dino} when going through hell, keep going. alas, he too mujst have been a trader at heart
[15:31] {Threei} they all were it seems
[15:32] {dino} yes, they just did not admit it, as traders are evil
[15:32] {dino} cetv sm l .45
[15:33] {dino} should've held itri
[15:34] {patience} are we sure today isn't friday...i am ready for it to be friday at the close
[15:34] {Threei} lol
[15:35] {Threei} wow
[15:35] {Threei} what just happened on UAUA?
[15:36] {hawkfan4} don't see news, maybe 10 strike break
[15:40] {Threei} oh boy
[15:41] {Threei} brutal
[15:41] {dino} hod
[15:45] {dino} cpsi
[15:45] {Threei} IMF"S LIPSKY: DEVELOPED ECONOMIES ARE BARELY AVOIDING RECESSION AT CURRENT
[15:46] {Threei} lol... with all we witnessed, can you believe we are still "avoiding recession"?
[15:47] {Threei} we are talking about toal meltdown, end of days, depression etc... yet economy hasn't even stopped growing?
[15:47] {magoo} man up 357
[15:50] {magoo} 383
[15:50] {Threei} so far, double bottom
[15:50] {Threei} now let's pray we never break these two lows
[15:50] {Threei} 'cause if we do
[15:50] {magoo} dow 5600 if IF
[15:51] {Threei} 5623
[15:51] {magoo} qqqq 29 area douvble bottom
[15:52] {dptl} hmm...well turns to be a really good day....have a good evening all:)
[15:53] {Threei} why wouldn't it be
[15:53] {Threei} dp, before you leave
[15:53] {Threei} read this
[15:53] {Threei} http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3211594/Financial-crisis-Moscow-supermarket-shelves-increasingly-empty-in-Soviet-era-reminder.html
[15:53] {Threei} now leave
[15:53] {dptl} :)
[15:53] {GeoArb} HMMMM
[15:54] {GeoArb} in 1306 out 12 1 lot
[15:54] {hawkfan4} nice
[15:54] {Threei} that's $120 too
[15:54] {GeoArb} yeah :)
[15:55] {GeoArb} see vad
[15:55] {GeoArb} i watched the video
[15:55] {GeoArb} (kidding)
[15:55] {dino} out cetv .00, +.55
[15:55] {Threei} don't kid the kidder
[15:55] {dino} thats it
06[15:55] * Threei slaps GeoArb around a bit with a large trout
06[15:55] * GeoArb slaps dino around a bit with a large trout
[15:55] {GeoArb} 4x dino?
06[15:55] * magoo slaps dino around a bit with a large trout
06[15:55] * magoo slaps Threei around a bit with a large trout
06[15:55] * magoo slaps GeoArb around a bit with a large trout
[15:56] {Threei} trout rage
[15:56] {GeoArb} he is spreading the wealth
[15:56] {magoo} vad..u staying to watch goog show
[15:56] {dino} no, bit over 3x
[15:56] {GeoArb} nice
[15:56] {Threei} nah
[15:56] {dino} good enough tho. good week going
[15:56] {Threei} I have had overabundance of show lately
[15:56] {GeoArb} take more golf vacations :)
[15:56] {Threei} with market, with elections
[15:57] {GeoArb} man this election is tiring
[15:57] {dino} it seems to help. now how can i get wife and kids to understand that once a month i need 4 days of golf
[15:57] {Threei} GOOG can do without me... will leave charts ruinning though to look what happened
[15:57] {Threei} we just had ours Geo
[15:57] {GeoArb} yeah
[15:57] {GeoArb} so did the eskimos win?
[15:58] {Threei} and I participated a bit in our local MP campaign
[15:58] {Threei} very tight race, was somewhat unnerving
[15:58] {dino} lol 12 of 13 today
[15:58] {Threei} nice :)
[15:58] {Threei} OK guys, thank you all
[15:59] {Threei} have a great winning
[15:59] {GeoArb} thanks vad
[15:59] {hawkfan4} thx vad, all
[15:59] {Threei} another dayin the office tomorrow, with probale range of 800 points
[15:59] {magoo} ty boss
[16:00] {dino} 3i, i am going to respond to that the way i do when waitress asks, would you like another beer? i say, why not
[16:00] {Threei} lol
[16:01] {magoo} nutsariolla
[16:01] {magoo} 800 the norm
[16:01] {Threei} REPORTS Q3 $4.92 V $4.75E,
[16:01] {magoo} 350 range slow day
[16:01] {Threei} goog mags
[16:01] {magoo} yes
[16:01] {Threei} R $4.04B V $4.05BE
[16:01] {magoo} ty

Wednesday, October 15, 2008

Oct 15 2008

Session Time: Wed Oct 15 00:00:00 2008
[07:57] {magoo} morn
[08:15] {Threei} Good morning
[08:31] {Threei} SEPT ADVANCE RETAIL SALES: -1.2% V -0.7%E; LESS AUTOS: -0.06% V -0.2%E
[08:31] {Threei} - Prior Advance Retail Sales revised from -0.3% to -0.04 %
[08:31] {Threei} - Prior Less Autos revised from -0.2% to -0.09%
[08:31] {Threei} - Note headline print was the largest drop since August, 2005
[08:33] {Threei} OCT EMPIRE MANUFACTURING: -24.6 V -10.0E
[08:33] {Threei} - No Revisions
[08:33] {Threei} - headline reading of -24.6 is lowest reading since Empire data began being kept in 2001
[08:33] {Threei} yikes
[08:43] {magoo} i thought auto numbers would be good
[08:43] {magoo} {not}
[08:43] {Threei} is there any kind of numbers that could be good at this time? :)
[08:49] {magoo} pullbk and then slow steady climb did not materialize yesterday...what u thinking today? is that it..just 1 up day in last 10?
[08:49] {Threei} one day does not a bull or bear market maketh
[08:50] {Threei} I beluieve with oil pressure off and trillions ready to pour in, we will see much more of that
[08:50] {cosmo} good help us all...
[08:52] {cosmo} LLTC good earnings but warns...
[08:57] {Onix} Good morning fellow travellers
[08:57] {Threei} onix :)
[08:58] {cosmo} always wear your helmet
[09:09] {dino} gm all
[09:09] {ese} good morning......
[09:09] {ese} dino
[09:09] {Threei} dino, ese :)
[09:10] {cosmo} LLTC 22 test ... at some point
[09:10] {ese} vad
[09:10] {Onix} hi dino, ese
[09:10] {dino} :)
[09:12] {hawkfan4} morning all
[09:12] {Threei} hawk :)
[09:12] {Onix} hi hawk
[09:13] {ese} onix....
[09:14] {hawkfan4} onix...:)
[09:14] {Threei} somewhat uneventful morning
[09:15] {dptl} good morning all
[09:15] {Threei} dp :)
[09:16] {Onix} hi dp
[09:16] {Onix} so we have a wee bit stronger minority government this morning hey Vad?
[09:16] {Threei} yup
[09:16] {Threei} for all practical intents and purposes, it's a majority
[09:17] {hawkfan4} gonna miss the open, back in a while, good luck
[09:17] {Onix} yes, the Liberals lost quite few seats this time
[09:18] {Threei} no two parties combined have enolugh votes to defeat he government
[09:18] {cosmo} patriarchs?
[09:18] {Threei} a lot of time will be needed for Libs to rebuild,
[09:19] {Threei} and no appetite for a new election for, let's say 3 years at least
[09:19] {Onix} yes corruption does major damage
[09:19] {Threei} meanwhile, Russian exchange is hatled
[09:20] {Onix} again!?
[09:20] {Threei} lately it spends more time halted than working
[09:20] {Threei} maybe people who run it just got an taste of sudden vacation
[09:20] {Onix} it opens only on up days?
[09:27] {dino} lol
[09:27] {dptl} lol
[09:27] {ese} OUCH.......Apple dumps intel for Navidia's much faster 9400GT chip set....5x better performance yet allows the battery to stay charged longer.....this is only a matter of time!
[09:28] {hawkfan4} ese, you still in NVDA?
[09:28] {ese} passed up Blue Ray as well.....
[09:29] {ese} yes with 2200 shs.....avg price 10.00 ...for the long haul
[09:30] {ese} this company has so much cash for R&D it's not funny.......
[09:30] {hawkfan4} cool beans, have full lot in long term acct from 6.92. long haul i hope
[09:31] {ese} nice HAWK......better than my position....but i'm considering more
[09:33] {dino} clf looking to fill gap
[09:34] {dino} someone slap me, is this a daytrading room or not?
[09:34] {Threei} GERN...
06[09:34] * Threei slaps dino around a bit with a large trout
[09:34] {Threei} happy to oblige
06[09:34] * hawkfan4 slaps dino around a bit with a large trout
[09:34] {dino} lol
06[09:34] * GeoArb slaps dino around a bit with a large trout
[09:34] {ese} for what dino.....
06[09:34] * GeoArb SHRUGS
[09:35] {dino} gotta say, gals on cnbc pleasant to look at today, especially w/volume off
[09:36] {Threei} lol
[09:36] {ese} focus dino focus!!!!
[09:37] {Threei} ftbk
[09:37] {dino} adtn sm l .50
[09:39] {ese} see an entry for GERN Vad?
[09:39] {Threei} hard to tell
[09:39] {Threei} this stock disappoints so regularly
[09:39] {ese} good enough reason for me to stay away
[09:39] {Threei} up from 2 in 4 days into today's news
[09:40] {Threei} and market is all but kind right now
[09:42] {Threei} somewhat listless market so far
[09:42] {Threei} waiting for something to shape up
[09:44] {ese} l Hcbk
[09:44] {ese} .32 1/2
[09:44] {Threei} UAUA for some reasin went into happiness state
[09:44] {Threei} watching in case of severe pullback
[09:45] {Threei} JBLU too
[09:45] {Threei} and DAL
[09:45] {Threei} what's with airlines?
[09:46] {GeoArb} oil dropped?
[09:46] {GeoArb} 76
[09:47] {Threei} they didn't really move with oil lately
[09:47] {GeoArb} oil was at 74.97 new low?
[09:48] {Threei} yup
[09:49] {ese} stop to .20 hcbk
[09:50] {ese} stop to .32 even hcbk
[09:51] {hawkfan4} NCC holding pretty nice
[09:51] {dino} ncc to be gobbled up like turkey on thanksgiving
[09:51] {ese} out Hcbk .55
[09:52] {ese} +.23
[09:52] {Threei} wtg
[09:52] {Onix} gj
[09:52] {ese} just like you diagram them
[09:52] {dino} gj
[09:54] {dino} dmnd gap filled
[09:55] {Threei} Long Setup: LLTC 21.10 if stays above 21
[09:56] {cosmo} slippery devel
[09:56] {Threei} out .33
[09:56] {dptl} ty lltc +.15
[09:56] {cosmo} devil?
[09:56] {Threei} welcome
[09:57] {GeoArb} out .39
[09:57] {ese} missed it......
[09:57] {Threei} :)
[09:57] {GeoArb} TY
[09:57] {Onix} missed it
[09:59] {dino} expe sm l .50, stop .11
[10:00] {Threei} *AUG BUSINESS INVENTORIES: 0.3% V 0.5%E
[10:01] {cosmo} ESLR needs to hold 3.90
[10:02] {Threei} MRVL
[10:02] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:02] {Threei} - TXN rumored as potential acquirer{TXN}
[10:04] {dino} adtn stop to .90
[10:04] {ese} well done on LLTC...those of you that got in
[10:04] {dino} out .94 +.44
[10:05] {GeoArb} HCBK ese? wow
[10:05] {Onix} gj dino
[10:05] {dino} ty
[10:07] {ese} ya ....look at that thing
[10:08] {ese} could have done one of Vads standard plays....sell 1/2....ride 1/2
[10:08] {dino} lod
[10:12] {GeoArb} WFC vad?
[10:12] {GeoArb} iym
[10:12] {Threei} don't see anything readable on WFC
[10:14] {ese} what was Gern news the other day Vad?
[10:14] {Threei} today
[10:14] {Threei} something about new results from their drug
[10:14] {dino} careful
[10:14] {dino} big move coming
[10:14] {ese} tks
[10:15] {Threei} ADBE
[10:15] {Onix} Vad, does your Level 2 screen still show the time?
[10:15] {Onix} seems like it got lost in the update
[10:15] {Threei} in T window?
[10:15] {ese} first time in along time that i've seen NVDA fight the tape a little
[10:15] {Threei} it does
[10:15] {GeoArb} click the number %
[10:16] {GeoArb} it flips to time
[10:16] {Onix} ty geo
[10:16] {Threei} watching ADBE for bounce with NQ
[10:16] {Threei} off .70
[10:17] {Threei} .75 long
[10:17] {Threei} .65 stop
[10:19] {Onix} in .72
[10:21] {dino} wow gap filling everywhere
[10:21] {dino} the only bright spot is todays open gap down
[10:21] {Threei} out ADBE .90
[10:22] {dino} gj
[10:25] {dino} jnj sm l .70
[10:25] {dino} stop .34
[10:27] {dino} qelp
[10:31] {Threei} ADBE was capable of more
[10:31] {hawkfan4} i smell a rally, aapl, rimm maybe good tells
[10:32] {Threei} onix, you still in?
[10:32] {Onix} took .25 on 200 still have 100 in
[10:33] {dino} afam sm l .40 gappy careful
[10:33] {dino} hawk that the scent of fear
[10:34] {hawkfan4} i love the smell of fear in the morning
[10:34] {GeoArb} how about wfc on upside now vad?
[10:34] {dino} :)
[10:35] {Threei} .50 break geo
[10:35] {Threei} worth a rty
[10:35] {Threei} wow
[10:35] {Threei} that was fast
[10:35] {Threei} maybe pullback
[10:35] {Onix} out ADBE @ 28.18
[10:35] {GeoArb} got it
[10:36] {Threei} wtg onix
[10:36] {GeoArb} all out
[10:36] {Onix} ty
[10:36] {GeoArb} .60 and .65
[10:36] {Onix} gj
[10:37] {Threei} pullbacks are to be bought today it feels
[10:37] {GeoArb} i guess i exited early
[10:37] {Threei} PLUG
[10:37] {Threei} SIGNS PARTNERSHIP AGREEMENT WITH RITTAL
[10:37] {Threei} - Rittal will integrate Plug Power's GenCore fuel cell technology into their enclosure to create the RiCell 5000. Rittal will manufacture these hydrogen fuel cell units for sale into the chemical production, traffic and tunnel infrastructure, information technology and telecommunications industries.
[10:37] {dino} clf sm l .40
[10:38] {GeoArb} 1.5 times daily so not complaining
[10:41] {Threei} NQ 50 break should launch next leg up
[10:41] {GeoArb} anyone in WFC?
[10:41] {dino} n
[10:41] {GeoArb} i should have scaled out better
[10:41] {GeoArb} scalped it
[10:43] {dino} clf stopped -.40
[10:43] {Threei} .81 long ADBE if stays above .70
[10:44] {GeoArb} what just happenned?
[10:44] {dino} new lod
[10:44] {GeoArb} yeah.... kinda sudden :)
[10:45] {GeoArb} adbe invalidated?
[10:45] {Threei} what do you think?? :)
[10:46] {Threei} US VP CHENEY REPORTEDLY TAKEN TO HOSPITAL TO TREAT AN ABNORMAL HEART RHYTHM
[10:46] {Chaeron} good morning all
[10:46] {GeoArb} hey chaer
[10:46] {Threei} chaeron :)
[10:46] {Onix} ty for ADBE Vad, goota go to my day-job ow, bye all
[10:47] {Threei} take care Onix
[10:47] {Chaeron} all ok Geo with the fires?
[10:47] {Chaeron} bye Onix
[10:47] {GeoArb} yeah much better TY
[10:47] {ese} CCCCCCHHHHH baby!!!!!!!
[10:47] {Chaeron} heeeeyyyyyy.... eseeeeeee
[10:47] {Chaeron} :))
[10:48] {Threei} VIX VOLATILITY INDEX BACK ABOVE 60
[10:48] {Threei} - the VIX has now been above 50 for 8 days
[10:48] {Chaeron} hmmm market down on VP Cheney news?
[10:48] {Threei} kind of strange reason for tank
[10:49] {magoo} most ferocious bear mkt i can remember
[10:53] {GeoArb} playing TIN n the ranges with NQ
[10:58] {GeoArb} TIN vad?
[11:00] {Threei} don't know about this one geo
[11:00] {GeoArb} ok
[11:01] {Threei} WFC holding relatively well
[11:01] {Threei} SEC WORKING WITH REGULATORS FOR CREATION OF A COUNTERPARTY IN CREDIT DEFAULT SWAPS
[11:02] {Threei} .50 break WFC
[11:03] {GeoArb} in
[11:03] {Threei} with any market recovery should do well
[11:03] {Threei} not that market is in a hurry to recover
[11:03] {GeoArb} :)
[11:03] {Threei} but look how this thing is fighting
[11:04] {GeoArb} was reading that WFC ceo only guy who protested about equity arrangement
[11:05] {Threei} offer half around .70
[11:05] {GeoArb} half out .67
[11:05] {Threei} and try to 35 with second half
[11:05] {Threei} closer to 35 that was
[11:06] {Threei} stop under b/e for the balance
[11:08] {peterg} hey all
[11:08] {Threei} peter :)
[11:08] {Chaeron} Hi peter
[11:08] {peterg} hi ch!
[11:09] {magoo} vad quote server
[11:09] {Threei} 4
[11:09] {magoo} ty
[11:11] {Threei} our friend and ally talking:
[11:11] {Threei} IRAQI OIL MINISTER: OPEC SHOULD CUT OUTPUT AT NOVEMBER MEETING
[11:15] {dino} real appreciative
[11:16] {GeoArb} as someone who has lived 18 years in that area
[11:16] {GeoArb} STAY AWAY
[11:17] {Threei} thanks Geo, we will
06[11:17] * Threei cancels his plans to move to Iraq
[11:17] {GeoArb} the whole area
06[11:17] * Threei cancels his plans to move to Middle East
[11:17] {Chaeron} I was thinking AbuDhabi
[11:17] {GeoArb} from gibralter to pretty much india
06[11:17] * Threei cancels his plans to move
[11:17] {GeoArb} lol
[11:17] {Threei} here comes our beloved WFC
[11:17] {GeoArb} youll have more fun in bahrain
[11:18] {GeoArb} or qatar
[11:18] {magoo} my quotes terrible anyone else
[11:18] {Threei} offering .95
[11:18] {Threei} hmm... fine here mags
[11:18] {GeoArb} i exited early... had an ummmm "call"
[11:18] {dino} will do geo, no desire to go there
[11:19] {Threei} ok, out .90
[11:19] {Threei} no desire to fight for 5 cents being up 40
[11:19] {Threei} anyone else took it or Geo is the only one having faith in me?
[11:20] {Threei} no single stop so far on today's calls
[11:20] {GeoArb} there you go ruining it
[11:20] {Threei} but noooo... you guys prefer to sleep through
[11:20] {GeoArb} excellent day vad
[11:20] {GeoArb} 2.5 times daily
[11:20] {patience} watching price of oil, wondering if it will be in the 60's by friday
[11:20] {Threei} nah Geo, just looking for excuse to say "I go back to bed"
[11:20] {GeoArb} hehehe
[11:20] {GeoArb} i have funny numbers
[11:20] {GeoArb} gross 666 ne 555
[11:20] {GeoArb} net
[11:21] {Threei} here is 35
[11:24] {dino} gj geo
[11:24] {Threei} market is dizzy with its recent ups and downs
[11:24] {GeoArb} sticking to the plan works..... thanks guys you are all good pacesetters
[11:24] {Threei} it lost a sense of orientation
[11:24] {Threei} what plan?
[11:24] {Threei} we have a plan?
[11:25] {GeoArb} no no
[11:25] {GeoArb} pls dont go into MPP
06[11:25] * GeoArb hides
[11:25] {Threei} I presonally just throw darts
[11:25] {Chaeron} man, I was worried there for a minute
[11:26] {GeoArb} dow 390
[11:26] {GeoArb} -
[11:26] {Threei} except rare days when I prefer tea leaves
[11:27] {GeoArb} as long as its darjeeling
06[11:27] * Chaeron used to throw darts, but broke to many monitors
[11:27] {Chaeron} too
[11:27] {GeoArb} lol
[11:27] {GeoArb} gotta get you the foam ones
[11:27] {Chaeron} oooooohhhhhhhh..............
[11:27] {Threei} but my secret weapon, and the most effective one, is
[11:27] {Threei} coffee residue
[11:27] {Chaeron} wait, let me guess... going short when I go long?
[11:27] {GeoArb} no wine legs?
[11:27] {Threei} it forms predictive patterns on the bottom of the cup
[11:32] {GeoArb} trow vad?
[11:33] {Threei} nah
[11:33] {Threei} intraday is short, daily is bounce
[11:33] {Threei} why guess which wins
[11:33] {GeoArb} isnt daily coming down?
[11:33] {Threei} it pulled back right into support on daily
[11:34] {Threei} on decreasing volume
[11:34] {Threei} typical bounce point
[11:34] {Threei} filled gap too
[11:34] {GeoArb} on increasing you mean
[11:34] {GeoArb} coming down on decreasing
[11:34] {Threei} ?
[11:34] {Threei} IT DECREASES ON MY CHART
[11:34] {Threei} oops
[11:34] {Chaeron} ok! ok!!!
[11:35] {Threei} sorry caps
[11:35] {GeoArb} :)
[11:35] {Chaeron} :)
[11:42] {dino} ice sm l .50, stop .99
[11:45] {Threei} EU REPORTEDLY CONSIDERING A 'SUPERVISOR' TO HANDLE THE LARGEST 30 FINANCIAL INSTITUTIONS WORLDWIDE, WILL ASK FOR REFORM OF BRETTON WOODS- UNCONFIRMED REPORT
[11:45] {Threei} I guess socialism will take over in Europe after all
[11:45] {dino} oh boy, not good, giving the politicians too much power
[11:46] {Chaeron} shhhhh dino... NancyP. is listening
[11:47] {dino} lol
[11:47] {dino} but c'mon, the will regulate banks to get votes....fnm, fre all over again
[11:48] {Threei} and will end just as badly
[11:48] {Threei} there is no way state could run this kind of things effectively
[11:48] {dino} i.e. you must make it easier for the guy who can't afford a house, to buy a house
[11:52] {GeoArb} hmmm wfc not shortable
[11:53] {Threei} good
[11:53] {Threei} one of stronger ones
[11:53] {Threei} better play bounces on it
[11:54] {GeoArb} was looking at .6 break
[11:54] {GeoArb} ok
[11:56] {patience} vad, i have the plumber coming to work all day at the house, $90 an hour, please just one smoking good trade for me :)
[11:56] {GeoArb} 90 an hour
[11:57] {GeoArb} amazing
[11:57] {GeoArb} i wonder why i went to college
[11:57] {patience} better go make him fresh coffee and snack to make sure he stays for the day
[11:58] {Threei} this I have two share
[11:58] {Threei} to
[11:59] {Threei} two banklers talk in the morning during world financial crisis
[11:59] {Threei} - how did you sleep tonight?
[11:59] {Threei} - like a baby
[11:59] {Threei} - really?
[11:59] {Threei} - yep... cried a few hours, and peed in my bed twice
[11:59] {hawkfan4} lol
[11:59] {GeoArb} :)
[12:00] {Threei} WFC should be good for bounce again
[12:01] {Threei} has potential to cover your plumber's charge, patience
[12:02] {Threei} .55 long if not losing .40 anymore
[12:02] {patience} ty, watching
[12:02] {Threei} if you took it on last dive, keep stop under .30
[12:05] {Threei} ummm
[12:05] {Threei} PREVIEW: FED CHAIRMAN BERNANKE SCHEDULED TO SPEAK ON THE ECONOMIC OUTLOOK AT 12:15PMET
[12:05] {Threei} - an advanced text and audience Q&A are expected.
[12:06] {Threei} I doubt he could inspire the market
[12:06] {dino} out ice .55 +1.05
[12:06] {Threei} wtg'
[12:06] {patience} nice dino
[12:07] {dino} ty
[12:07] {Chaeron} great one dino
[12:07] {dino} what you thinking about pot patience?
[12:08] {patience} i like it, my feeling is commodities going back up
[12:08] {patience} it's just bumping along at the bottom
[12:09] {patience} options expiry this week though
[12:09] {dino} 76.86 going to hold
[12:09] {GeoArb} wow
[12:09] {Threei} WFC hit 1:1
[12:09] {GeoArb} fast drop
[12:10] {Threei} pearls of wisdom from high above:
[12:10] {Threei} WHITE HOUSE SPOKESMAN: EXPECTS THAT THE ECONOMY WILL TAKE SOME TIME TO RECOVER, ECONOMY IS IN A "WEAK STATE" PRESENTLY
[12:10] {Threei} no really?
[12:11] {Threei} S&P: TREASURY'S RECAPITALIZATION PLAN MARKS A 'TURNING POINT' IN FINANCIAL CRISES
[12:14] {GeoArb} off to work'
[12:15] {GeoArb} thanks vad
[12:15] {Threei} good job geo
[12:15] {Threei} beating your goal every day
[12:15] {dino} gj geo
[12:15] {GeoArb} got half 1:1 and scratched rest
[12:15] {Threei} market sharp downtick
[12:15] {GeoArb} thanks
[12:15] {Threei} waiting things out
[12:20] {Threei} FED'S BERNANKE: FINANCIAL TURMOIL AND FUNDING PRESSURES AFFECTING GROWTH, WILL USE ALL TOOLS TO HANDLE CREDIT CRISIS, RECOVERY WILL NOT HAPPEN IMMEDIATELY EVEN IF MARKETS BECOME STEADY
[12:20] {Threei} - Housing main source of weakness for economy
[12:20] {Threei} - Govt measures could provide profit for Govt over time,
[12:20] {Threei} - Expects inflation rates to yield price stability, assisted by falling energy prices
[12:20] {dino} amzn 50 strike
[12:24] {dino} 75 strike ice
[12:24] {dino} 5s and 0s hitting
[12:24] {Threei} TIN new low
[12:24] {Threei} sheesh
[12:24] {dino} lod
[12:30] {Threei} told you market wasn't going to like benny
[12:31] {dino} .
[12:31] {dino} expe stopped .38 -.12
[12:36] {hawkfan4} fwiw 1313 on nq is 62% retracement of rally off the low, for all you fib fans
[12:37] {Threei} and bat ears formation in terms of coffeeresidue
[12:37] {hawkfan4} and mercury comes out of retrograde soon ;)
[12:37] {Threei} there
[12:38] {dino} ice sm l.30
[12:38] {Threei} now all we need is to come to the corssroad in full moon night, bury a bone of a rat in the middle of it and spit three times over left shoulder
[12:39] {Threei} saying "market market go up"
[12:39] {Threei} (and they say trading is tough)
[12:39] {hawkfan4} if it will spur another 1000 pt rally, i'm there
[12:40] {Threei} and you can count on magoo to bring beer
[12:40] {hawkfan4} great, all we need now is someone to bring the rat bone
[12:40] {dino} i'll get us some dancing girls
[12:41] {Threei} starts looking like party
[12:41] {hawkfan4} keeps getting better and better
[12:41] {ese} take care all see you tomorow.....
[12:41] {Threei} hesitated with WFC near 34 for bounce...
[12:41] {Threei} take care ese :)
[12:41] {Threei} market had this grim look of "I'll never get up again"
[12:42] {dino} heck of a reverse there
[12:42] {dino} later es
[12:46] {Threei} AIG
[12:46] {Threei} REPORTEDLY NY AG LOOKING AT OUTRAGEOUS SPENDING
[12:47] {dino} shocking
[12:48] {dino} pout ice .30, +1.00
[12:48] {dino} out
[12:50] {dino} hum-dee-dum
[12:54] {dino} a buck too soon ice
[12:54] {Threei} in ICE terms, it's nothing
[12:55] {Threei} WFC's resilience is amazing
[12:56] {dino} ironically, the office is out of ice
[12:56] {Threei} FED'S BERNANKE: FEDERAL RESERVE HAS AVOIDED MISTAKES OF 1930'S; WILL CONTINUE TO PURSUE DUAL MANDATE WITH MONETARY POLICY CURRENTLY 'ADEQUATE' - Q&A
[12:56] {Threei} - Remarks that inflation is continually moderating
[13:01] {Threei} WFC CEO: COMPANY CANNOT MAKE MORE ACQUISITIONS WITHIN BANKING SECTOR DUE TO DEPOSIT CAP
[13:09] {Threei} ADBE .35 long for bounce scalp
[13:09] {Threei} stop .25
[13:10] {Threei} F
[13:10] {Threei} REPORTEDLY ASKS TOYOTA AFFILIATE TO BUY MAZDA STAKE
[13:12] {Threei} new lows market
[13:16] {patience} plumber is wearing more gold jewellery than me...obvious who is driving up price of gold lol
[13:16] {Threei} lol
[13:16] {Threei} it's all plumbers fault
[13:16] {Threei} plumbers of the world, united
[13:17] {dino} watch out for plumbers' smile.....crack kills
[13:17] {dino} fwlt gap fill
[13:17] {Threei} market feels like it's waiting for something
[13:17] {patience} freefall or buying spree?
[13:18] {Threei} daily chart wise, pullback is almost over
[13:18] {Threei} about 20-30 points NQ more down to the gap fill
[13:19] {dino} wants -500 imo
[13:25] {dino} here we go
[13:25] {dino} 45 more
[13:25] {Threei} with recent inertia on such mioves, it will go through -500 like knife throug jellyfish
[13:25] {dino} close -250 or so imo
[13:25] {dino} ah hmm, hot knife thru butter
[13:26] {Threei} -500 is roughly gap fill on DJI too, right?
[13:26] {dino} at mondays' open give or take
[13:26] {Threei} yup
[13:27] {dino} no, 8450ish imo
[13:27] {Threei} wait
[13:27] {Threei} monday open or fri close?
[13:27] {dino} fri close
[13:27] {Threei} :)
[13:28] {dino} fri close 8,451 gap open mon. to8835
[13:37] {Threei} there
[13:37] {Threei} 500
[13:39] {dino} only 360 to go
[13:42] {dino} ice gap fill
[13:42] {Threei} oh oy
[13:43] {Threei} we have beidge book today
[13:43] {Threei} as if it could bring any good news
[13:43] {Threei} PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET
[13:43] {Threei} **reminder: the last Beige Book on 7/23 stated:
[13:43] {Threei} - US economy slowed somewhat, price pressures were elevated or rising in all Fed districts.
[13:43] {Threei} - Notes manufactures plan on raising prices, some firms cite difficulty in raising prices.
[13:43] {Threei} - Most districts see mixed weak or slowing consumer spending.
[13:43] {Threei} - Retail price inflation is varied, but input prices rose, particularly for fuel and petroluem based products.
[13:43] {Threei} - Wage pressures limited with soft labor market.
[13:43] {Threei} - Districts note bank loan growth as 'restrained.'
[13:46] {Threei} ADBE .85 long if stays above .70
[13:46] {Threei} double bottom confirmation
[13:51] {Threei} taking too long
[13:51] {Threei} not delighted
[13:54] {dino} drys sm l .00, stop lod
[13:59] {Threei} no worky ADBE
[14:00] {Threei} FED'S BEIGE BOOK: ECONOMIC ACTIVITY WEAKENED IN SEPT, CONSUMER SPENDING DECREASED IN MOST DISTRICTS, CREDIT TIGHTENED IN MOST REGIONS
[14:01] {Threei} - Commercial real estate activity weakned, housing weakened in most districts
[14:01] {dino} \another shocking report
[14:03] {Threei} - Inflationary pressures moderated in September, labor markets also weakened
[14:03] {Threei} - Non financial industry's activities have come down
[14:04] {dino} drys stopped
[14:04] {dino} -.42
[14:05] {Threei} it's a sit out market for now
[14:06] {Threei} no bounce develops well enough, tough to short remembering those out-of-nowhere rallies off lows
[14:15] {dino} only 300 more to go, should get that by eod or tomorrow open
[14:15] {dino} rimm 55 strike, see all the drag downs to the 5s and 0s w/fri exp
[14:15] {dino} aapl 100 strike
[14:16] {dino} drys 20
[14:16] {dino} ibm 90
[14:17] {dino} cme wants 355
[14:22] {Threei} FED'S BULLARD: US TAXPAYER WILL NOT SUFFER A COST NEAR THE $700B FIGURE, BAILOUT WILL NOT BE AS BAD AS SOME ARE FEARING
[14:30] {dino} v sm risky, l cme 2.01
[14:32] {dino} axys sm l .92 wide
[14:42] {Threei} OK... now market decided it'as time to squeeze?
[14:58] {Threei} so, let's place bets?
[14:58] {Threei} last hour, up or down?
[14:58] {Threei} magoo... you go first
[14:58] {dino} out cme 4.51, +2.50
[14:59] {Threei} wtg
[14:59] {hawkfan4} you da man
[14:59] {dino} out axys .02, +.10
[14:59] {dino} lucky
[15:01] {dino} last hour, ...pain
[15:01] {hawkfan4} and more pain
[15:01] {Threei} lol
[15:01] {Threei} aren't you guys are rays of hope
[15:02] {peterg} enough of the euphoria of Monday; lets reallhy shhow meaning of pain
[15:02] {peterg} but not all at once
[15:02] {Onix} OK I'm in for lunch ... how is it going?
[15:02] {dino} we're getting close. everybody i talk to is depressed
[15:03] {peterg} depresseed? I happy
[15:03] {dino} couple guys i know are putting off retiremenmt for a few more years
[15:03] {Threei} that's why I don't talk to anyone
[15:03] {peterg} retirement? work til drop
[15:03] {dino} no, no, no, just letting you know the dino meters
[15:03] {peterg} gotcha
[15:04] {dino} i'm w/you peter, work until i die i hope
[15:04] {dino} my mind would go crazy sitting around
[15:05] {dino} more so than it already is
[15:05] {peterg} eggzktly
[15:14] {dino} fcx sm l .23
[15:15] {Onix} no rhyme or reason or rhythm in this market
[15:18] {dino} pretty amazing really, wipe of 5 years in a month
[15:18] {dino} imo, crash
[15:18] {patience} fallout is starting to be ugly
[15:20] {dino} oh ohh
[15:21] {dino} whoosh coming
[15:21] {patience} i wonder if i could just give the plumber my gold necklaces
[15:21] {peterg} is a whoosh up or down?
[15:21] {dino} hmm i was wrong
[15:21] {peterg} or either way
[15:21] {Onix} you still have gold necklaces?
[15:22] {Threei} or not dino
[15:22] {dino} felt down
[15:22] {dino} que?
[15:22] {Threei} changes every few seconds
[15:22] {Threei} just wait a few and you'll be right again
[15:22] {peterg} rolling stones song wild horses
[15:22] {dino} yes...indeed
[15:23] {Threei} still marvel at WFC strength
[15:23] {Onix} Buffett propping it up?
[15:24] {dino} axys sm l .83
[15:25] {dino} feds are, releasing $
[15:26] {dino} certain banks are guaranteed
[15:26] {dino} c, bac, jpm, wfc, ...
[15:28] {Threei} 35 break on daily looks very tempting for it
[15:28] {dino} our local banks are refusing funds, don't want to pay 5%, listen to requests, etc...plus they are fine
[15:31] {dino} axys stopped
[15:32] {dino} fcx stopped -.37
[15:32] {Threei} half lot WFC long for a bounce if NQ turns
[15:34] {Threei} come on NQ... any optimism at all?
[15:34] {dino} ice sm l .25 risky
[15:34] {Threei} nope
[15:34] {Threei} or...
[15:35] {Threei} .11 in
[15:35] {Threei} stop under 34
[15:36] {Threei} no real conviction
[15:38] {Threei} out
[15:40] {Threei} market is holding at the gap fill level
[15:42] {Threei} hesitated at .70
[15:42] {Threei} too bad
[15:42] {Threei} nice jump from there
[15:44] {Threei} so far... pain was right, more pain was not
[15:44] {Threei} but we still have 15 minutes
[15:44] {peterg} I'm thinking the world needs more fear and terror yet
[15:44] {peterg} but not today
[15:44] {dino} v sm l aapl .25 swing
[15:45] {Threei} oil under 75?
[15:45] {hawkfan4} 74.35
[15:45] {Threei} nice
[15:46] {peterg} tomorrow friday monday will do just nicely
[15:46] {peterg} Besides, I have a press release prepared explaining fear as being reasonable, but it wont get used unless people are good and scared
[15:46] {dino} ok ppt time
[15:47] {dino} new lows
[15:48] {Threei} here comes woosh
[15:48] {Threei} hear the sound peter?
[15:48] {dino} -600
[15:48] {peterg} yep
[15:48] {dino} 250 to go
[15:48] {Threei} lol
[15:48] {peterg} you want 850?
[15:49] {peterg} naah staying around 6
[15:50] {peterg} insignificant 600 point drop
[15:50] {Threei} really
[15:50] {Threei} on a recent scales, what's 600 points between friends
[15:50] {dino} 250 to get to 8450
[15:50] {dino} gap
[15:50] {dino} pay attention
[15:50] {dino} :)
[15:51] {dino} tomorrow morning it will fill at open
[15:51] {peterg} you mean whoosh up?
[15:51] {peterg} or gap down to your 8450
06[15:52] * dino slaps peterg around a bit with a large trout
[15:52] {patience} why is magoo so quiet today?
[15:52] {peterg} am I not paying enough attention, Master?
[15:52] {dino} we gap down at open, fill the 8451 gap frpm fri, then proceed up to fill the open gap
[15:52] {dino} i mentioned this earlier
[15:53] {peterg} I must have been helicoptering in from the Pan Am bldg
[15:53] {peterg} to wall st.
[15:53] {dino} then only gaps remaining are above, i think?
[15:54] {peterg} yes
[15:54] {peterg} mois
[15:54] {peterg} i mean oui
[15:54] {dino} si
[15:54] {peterg} da
[15:55] {dino} only 200
[15:55] {dino} they may do it today
[15:55] {peterg} theyll have to sell fast
[15:56] {hawkfan4} that's not a problem
[15:56] {peterg} 800 drop would make news, dent moods
[15:56] {Threei} yeah, as if they don't know how to do that
[15:56] {peterg} coming up on 700
[15:56] {dino} out ice bad one -1.00 sm
[15:57] {peterg} pushed dow over
[15:57] {Threei} -700
[15:57] {Threei} 150 points in remaining 3 min - can they do that?
[15:58] {Threei} {they} oh yeah
[15:58] {peterg} coming
[15:58] {peterg} sort of like horse race
[15:58] {Threei} ugh, too bad we are out of time
[15:59] {Threei} this WFC selloff would be just what doctor prescribed
[15:59] {Threei} ADBE too
[15:59] {dptl} have a good evening all :)
[15:59] {Threei} take care dp
[15:59] {hawkfan4} i believe this counts as more pain ;})
[15:59] {dino} wow 80 pts
[16:00] {peterg} agree hawk
[16:01] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {hawkfan4} amazing
[16:01] {peterg} ok, have fun out there. til tomorrow
[16:01] {hawkfan4} cya vad, all

Tuesday, October 14, 2008

Oct 14 2008

Session Time: Tue Oct 14 00:00:00 2008
[08:07] {Threei} (US) PRESIDENT BUSH : US IS TAKING UNPRECEDENTED , SUBSTANTIAL STEPS TO SHORE UP FINANCIAL SYSTEM, CONFIRMS EARLIER REPORTS
[08:07] {Threei} -FDIC will temporarily expan government insurance
[08:08] {Threei} - Will use part of $700B granted under TARP to help banks
[08:09] {Threei} -Capital injection is essential short term measure
[08:22] {magoo} morn
[08:22] {hawkfan4} squeezy morning all
[08:22] {Threei} lol... good morning
[08:22] {Threei} giant squid
[08:31] {Threei} US TREASURY RELEASES EQUITY PURCHASE PLAN
[08:32] {Threei} US FED'S BERNANKE: PRESSING FORWARD WITH COMMERCIAL PAPER PLAN
[08:32] {Threei} US TREASURY SEC PAULSON URGES BANKS TO DEPLOY CAPITAL
[08:32] {Threei} I feel like I am not doing my part
06[08:33] * Threei orders economy to start fnctioning well
[08:33] {Threei} there... now I've joined the chorus
[08:33] {hawkfan4} lol, you're off the hook now
[08:37] {Threei} - US Treasury equity purchases will be up to $250B in 9 banks; expects 'thousands more'
[08:37] {Threei} - Paulson tells banks to 'deploy' capital, not 'hoard it'
[08:38] {Threei} it's not like they don't want to
[08:38] {Threei} they are just scared to death to lend without knowing what possible nightmares may hide other bank's balance sheet
[08:40] {Threei} FDIC OFFICIALLY ANNOUCES TEMPORARY LIQUIDITY GUARANTEE PROGRAM
[08:40] {hawkfan4} the market will never go down again apparently
[08:40] {Threei} nope
[08:41] {hawkfan4} amazeable
[08:43] {magoo} thoughts for today boss?
[08:43] {Threei} more of the same
[08:44] {Threei} probably not 1000 points
[08:44] {magoo} i think it will be harder because of some profit taking...any thoughts
[08:44] {Threei} maybe
[08:45] {magoo} but pullbacks i think will be deeper today than yesterday...what u think on that?
[08:45] {Threei} I don't know
[08:46] {Threei} could be, could be not
[08:46] {magoo} thhat does it right there...................
06[08:46] * magoo slaps Threei around a bit with a large trout
[08:46] {Threei} ah admit it, you just wanted an excuse
[08:46] {magoo} tru dat
[08:47] {Threei} US TREASURY SEC PAULSON: WE MUST GET CREDIT FLOWING AGAIN AND OVERCOME THE LACK OF CONFIDENCE IN THE FINANCIAL SYSTEM
[08:47] {Threei} - We regret taking these actions, they are something we never wanted to do. But the alternative is totally unacceptible.
[08:53] {magoo} vad..u think the open will be bought or sold?
[08:53] {dino} gm all
[08:53] {Threei} dino :)
[08:53] {magoo} i am just trying to tap into your experience..i know no one knows
[08:53] {Threei} my feeling is, shallow pullback, stall, then resumption of upward crawl
[08:54] {cosmo} 'totally unacceptible' may jsut be a basis for negotiation
[08:54] {Onix} Good morning all
[08:54] {magoo} nice response
[08:54] {cosmo} just
[08:54] {Threei} onix :)
[08:54] {cosmo} .... at some point
[08:55] {Threei} yeah cosmo... "Your position is totally unacceptable. Now let's negotiate"
[08:55] {dino} my opinion magoo. anything can and will happen. react, don't anticipate
[08:56] {Threei} as they used to say in Soviet Union, "So what your positive answer is going to be?"
[08:56] {cosmo} k.... were's my meds...
[08:56] {magoo} u miss anything about home vad?
[08:57] {dino} the women i bet
[08:57] {ese} good morning and appologies....not sure if I said good bye befoe signing off yesterday....
[08:57] {Threei} ese :)
[08:57] {magoo} russian women are prettiest on planet
[08:57] {dino} es to the corner, you're in time out today
[08:57] {ese} Danish!!!!
[08:57] {magoo} U DIDN'T
[08:57] {Threei} considering that this exchange is going to become public, I'll take the fifth
06[08:57] * magoo slaps ese around a bit with a large trout
[08:57] {ese} Tall..... Blond.....
[08:58] {cosmo} fifth of vodka?
[08:58] {ese} ouch.....
[08:59] {Threei} vodka is not taken in fractions
[08:59] {Threei} vodka is measured in bul'bul' s
[09:00] {Threei} you know the sound it makes when you pour it?
[09:00] {cosmo} splash?
[09:00] {Threei} bottle contains 21 bul' bul'... if you divide it by three, pour 7 bul' bul's in each glass, and it's going to be fair division
[09:00] {magoo} no..but i recognize sound of chugging it lol
[09:01] {Threei} anyway, dptl knows what I am talking about
[09:01] {Threei} he will confirm when he wakes up
[09:01] {cosmo} hmm ....7
[09:03] {Threei} Paulson - Pledges to ban golden parachutes for executives while the government has equity in banks
[09:03] {cosmo} they're moving to the platnum parachute ... i think
[09:08] {dino} they should give them "rocks", like charlie brown gets
[09:10] {GeoArb} gm
[09:10] {GeoArb} http://online.wsj.com/article/SB122394318763531045.html
[09:10] {Threei} Geo :)
[09:10] {GeoArb} big hedge fnds used yesterday to cash out
[09:12] {Threei} article makes no sense whatsoever
[09:13] {GeoArb} :0
06[09:13] * GeoArb is just the messenger
[09:18] {Threei} COIN
[09:18] {Threei} SIGNS STRATEGIC PACT WITH SIMPLOT PARTNERS TO SERVICE GOLF COURSES IN THE WESTERN US
[09:18] {Threei} - Company has entered into a strategic relationship with Simplot Partners, a major distributor of proprietary fertilizers and turf maintenance products to the golf marketplace, to distribute the Company's all-natural liquid and granular fertilizers and liquid soil amendment product to the professional turf market throughout the western United States.
[09:18] {Threei} - The deal provides COIN with the opportunity to sell its line of organic turf fertilizer and soil amendment products to a large customer base of approximately 2,500 golf courses through a well-established distributor.
[09:19] {Threei} CAAS
[09:19] {Threei} RECEIVES ORDERS FROM DONGFENG PEUGEOT CITROEN ON NEW CAR MODEL
[09:19] {Threei} - Subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), has received orders from Dongfeng Peugeot Citroen Automobile Company Ltd. ("DPCA") for power steering gears for the Dongfeng Elysee.
[09:22] {dptl} good morning all
[09:22] {Threei} dp :)
[09:23] {Threei} now that you woke up... scroll up and confirm my explanation about vodka measurement units please
[09:25] {Threei} NCC, that's some gap
[09:26] {peterg} hxexlxlxox
[09:27] {peterg} x-code
[09:27] {magoo} u stalkintg ADBE?
[09:27] {Threei} I'll take it as a good morning
[09:27] {peterg} right
[09:27] {peterg} good morning, in case doubt
[09:27] {Threei} after some pullback, mags, not right away
[09:27] {magoo} yup
[09:29] {Threei} maybe NCC pulls its old trick and drops to 2.60 - 2.80 at the open
[09:29] {Threei} will be worth a buy
[09:31] {dino} need coffee
[09:31] {Threei} Long Setup: DELL .71
[09:31] {Threei} if stays above .55
[09:33] {Threei} NCC
[09:33] {Threei} sharp down
[09:35] {patience} little bit of a pop on the tsx +1603
[09:35] {Threei} lol
[09:38] {GeoArb} JASO
[09:38] {Threei} FITB lost its mind
[09:40] {dino} gaps all over, crazy markets
[09:41] {ese} watching FITB
[09:41] {ese} sorry vad just saw that you were onto it as well
[09:42] {Threei} REP FRANK: TREASURY PLAN COULD ALSO HELP GM BY PURCHASING AUTO LOANS AS DISTRESSED ASSETS
[09:43] {GeoArb} can we help them all
[09:43] {Onix} the treasury can just as well buy everything, why not?
[09:43] {GeoArb} YRCW
[09:44] {Onix} the USA has such a great balance sheet
[09:46] {Threei} FITB should become interesting on selloff under 13
[09:47] {Threei} 13 break worth a try
[09:47] {Threei} stop under 12.80
[09:47] {dino} v sm risky v wide cme s 11.00
[09:49] {Threei} out FITB .32 and .34
[09:49] {ese} missed it vad...fitb
[09:51] {Threei} Long Setup: DELL .15
[09:51] {Threei} if stays above 15
[09:53] {ese} market heading down DELL following
[09:54] {ese} same with NVDA
[09:55] {dino} cover4 cme 07, +4.00
[09:55] {hawkfan4} nice
[09:56] {dino} ty
[09:56] {dino} way soon
[09:59] {Threei} time tyo start bottom hunting
[10:00] {hawkfan4} gap filled
[10:00] {dino} amzn?
[10:00] {Threei} DELL as close to .50 as you can get
[10:01] {Threei} if no pullback anymore, .71
[10:01] {Onix} in .71
[10:02] {Threei} stop for scalpers under .60, for a day trade under .50
[10:03] {Threei} scalpers have 1:1
[10:03] {Threei} daytraders too
[10:07] {Threei} EU'S JUNCKER: THERE IS NO REASON TO SAY THAT THE FINANCIAL CRISIS IS OVER, WARNS AGAINST "EXAGGERATED OPTIMISM"
[10:07] {Threei} party pooper
[10:07] {GeoArb} i guess he is named right
[10:09] {dino} s cme vsm, wide
[10:09] {dino} 0.62
[10:11] {magoo} laser dcc
[10:12] {dino} cov 398.62, +2.00
[10:12] {hawkfan4} D
[10:12] {hawkfan4} I
[10:12] {hawkfan4} N
[10:12] {hawkfan4} O
[10:12] {dino} too soon again, thing is whippy
[10:12] {dino} h
[10:12] {dino} a
[10:12] {dino} w
[10:12] {dino} k
[10:13] {hawkfan4} :)
[10:13] {Threei} Long Setup: NCC 3.11, stop under 3
[10:14] {Threei} Long Setup: DELL .61, stop under .50
[10:16] {Threei} ok market, let's start upward
[10:17] {Threei} good boy
[10:18] {Threei} half out DELL .76
[10:19] {Threei} scalpers have 1.5:1
[10:24] {GeoArb} all out .74
[10:27] {Threei} half out NCC .23
[10:27] {GeoArb} ooh
[10:27] {GeoArb} missed nc
[10:28] {Threei} 5K play
[10:28] {Onix} ty Vad, .20 in NCC
[10:28] {Threei} stop to .19
[10:28] {Threei} looking to exit balance above .30
[10:30] {Threei} whatever, out .29
[10:30] {hawkfan4} lol
[10:30] {Threei} too nice gain for a big position to risk a pullback
[10:31] {Threei} everyone happy so far?
[10:31] {Threei} nobody's counting but 3 for 3
06[10:31] * GeoArb doesnt count
[10:31] {Chaeron} Good morning....
[10:32] {Threei} chaeron :)
[10:32] {Threei} wow NCC
[10:32] {Threei} come on
[10:32] {Chaeron} ya gotta count for something Geo :)
[10:32] {Threei} pull back
[10:32] {GeoArb} :)
[10:33] {Threei} is anyone but Geo and Onix even trading?
[10:33] {Threei} or I can go home?
[10:33] {GeoArb} they are too busy shovelling money
[10:33] {Chaeron} I'm here... let's roll
[10:33] {hawkfan4} still in NCC from .08
[10:33] {GeoArb} ah crap
[10:33] {Threei} oh boy
[10:33] {Chaeron} nice hawk
[10:33] {GeoArb} wtg hawk
[10:34] {hawkfan4} thx
[10:34] {Threei} hawk, you'll cause me heart attack some day :)
[10:34] {hawkfan4} :) lol
06[10:34] * GeoArb thinks hawk works for IRS
[10:35] {dino} i'm here, just a bit confused
[10:35] {peterg} brief check from day job--looks like you are having fun
[10:35] {Threei} what fun... we are deeply ashamed of ourselves peter
[10:35] {Threei} making money when whole world suffers
[10:35] {peterg} yes, i read 3 for 3
[10:36] {Threei} we are crying, hiding our eyes
[10:36] {GeoArb} with dollar bills
[10:36] {peterg} wish to join the misery
[10:36] {Threei} but can't fight our capitalist pig nature
[10:36] {peterg} reality forever!
[10:39] {dino} dji wants flat to neg imo
[10:41] {dino} watching ice, amzn, clf jpm
[10:41] {Threei} lety me show you ultimate definition of denial
[10:41] {Threei} FDIC'S BAIR: US BANKS ARE 'HEALTHY' - CNBC INTERVIEW
[10:41] {GeoArb} they just want free injections in their eyeballs
[10:42] {Threei} {US BANKS} cough cough... yes we are... aaapchooo!
[10:42] {Threei} NCC must have heard it was healthy
[10:42] {Threei} FDIC'S BAIR: US BANKS ARE 'HEALTHY' , YET A FEW REMAIN THEY ARE 'NOT VIABLE' - CNBC INTERVIEW
[10:43] {Onix} they are so healthy that the govenment wants in now
[10:43] {GeoArb} heheh onix
[10:43] {Threei} yup
[10:43] {Threei} took a quick scalp NCC .10 - .19
[10:43] {Threei} not sure I want in again
[10:43] {Threei} gotta wait out this big swing
[10:43] {dino} neg dji
[10:44] {Threei} FED REPORTEDLY SELECTS PIMCO AS ASSET MANAGER FOR COMMERCIAL PAPER FACILITY
[10:44] {Threei} hawk... tell me you secured at least part odf that move
[10:45] {hawkfan4} oh yes, sold 1/2 .42, rest .36
06[10:46] * Threei high-fives hawk
[10:46] {GeoArb} ok we going down
[10:46] {GeoArb} ?
[10:46] {patience} retest of low?
[10:46] {dino} ice sm s break ,50
[10:46] {dino} wild one careful
[10:46] {Threei} only until trillions sitting on a sidelines decide they got prices good enough for another, ummm, injection
[10:47] {dino} gj hawk
[10:48] {GeoArb} oil at lows
[10:48] {GeoArb} in fact i guess oil doesnt matter
[10:48] {dino} ice no trig
[10:48] {dino} cx idea
[10:49] {dino} oil matters to solars
[10:50] {Onix} OK enjoy! ... off to work now
[10:50] {dino} cya onix
[10:52] {dino} mkl v sm risky gappy l 66.00
[10:53] {dino} going green +100 dji imo
[10:53] {dino} theres 30
[10:57] {Threei} missed UAUA 7 break
[10:57] {Threei} watching for pullback
[10:57] {Threei} knowing its nature, I'd expect it to pullback under 7
[10:57] {Threei} shaking out breakout buyers, then going back up
[10:59] {dino} theres 50
[11:01] {Chaeron} UAUA as predicted
[11:01] {Chaeron} now?
[11:01] {Threei} a bit more I hope
[11:02] {Threei} want it closer to .90
[11:02] {Threei} stop would have to be under .80
[11:02] {Chaeron} thansk
[11:03] {Threei} ugh
[11:03] {Threei} missed I guess
[11:05] {Chaeron} heard you and came back?
[11:05] {Threei} ok in
[11:06] {dino} jpm sm l .00
[11:06] {Chaeron} me too... .97
[11:07] {Threei} wow
[11:07] {Threei} what was that block at 7
[11:07] {GeoArb} 1333
[11:07] {GeoArb} that was me
[11:07] {Threei} ah
[11:07] {Threei} scaling in?
[11:07] {GeoArb} yeah
[11:08] {dino} stop lod right chaer
[11:08] {Threei} market can't decide whether it's time to reverse yet
[11:08] {Chaeron} I was thinking .80......
[11:08] {patience} tsx +850
[11:09] {dino} ok
[11:10] {Threei} let's trail it to .89
[11:10] {Chaeron} dino... I like lod
[11:10] {Threei} fairly uncertain here
[11:10] {Chaeron} but too far
[11:11] {dino} depends on size
[11:11] {dino} i'm lod
[11:11] {dino} which was yesterdays lod too i think
[11:14] {dino} sm l clf .75
[11:18] {Threei} deja vu:
[11:18] {Threei} Long Setup: NCC .11
[11:18] {Threei} stop under 3
[11:19] {hawkfan4} did a double-take, thought maybe i had scrolled up
[11:19] {Threei} lol
[11:19] {Threei} for hardcore scalpers stop under 3.05
[11:20] {Threei} UAUA near resistance tat stopped it several time
[11:20] {Threei} let's sell half
[11:24] {Threei} those pesky hardcore scalpers have their 1:1
[11:24] {GeoArb} whats up with NCC
[11:24] {GeoArb} deja vu i missed it again :(
06[11:25] * Threei is tapping his foot, waiting for pesky scalpers to acknowledge themselves
[11:25] {GeoArb} out uaua Ty vad
[11:25] {Threei} welcome
[11:25] {Threei} 5 for 5... not that we keep score
[11:26] {Threei} and starting from last Monday when tho whole hoopla with incredible volatility started, we are up 6 days out of 7
[11:26] {dino} gj
[11:26] {Threei} out second half UAUA
[11:26] {dino} you da man
[11:26] {Threei} ty
[11:26] {Threei} no one ever suspected me of being da woman
[11:27] {Threei} at least not anyone who wanted to live
06[11:27] * GeoArb thinks vads getting agressive
[11:27] {Threei} getting?
[11:27] {dino} out clf .45, +.70
[11:27] {Threei} wtg dino
[11:27] {dino} ty
[11:28] {Threei} chaeron
[11:28] {Threei} I know you tend to hold longer than I do... but don't oversit UAUA
[11:28] {Chaeron} UAUA in .97 out .22 + 0.25 Many thanks
[11:28] {Threei} :)
[11:28] {dino} jpm 1/1 chaer...see stops are skill
[11:28] {Chaeron} :)
[11:29] {Threei} this thing can drop like crazy all of a sudden
[11:29] {Threei} NCC 1:1 for the rest
[11:31] {dino} out jpm .40, +.40
[11:32] {Chaeron} wtg dino
[11:33] {dino} and you? thought you had .97
[11:33] {Chaeron} that was UAUA
[11:33] {Chaeron} but watched after I realized what you had :)
[11:33] {dino} lol, ok
[11:33] {Chaeron} I was confused
[11:35] {dino} i always am....takes me awhile
[11:36] {Threei} lol... I had this feeling you were talking about dfferent stocks
[11:36] {Threei} but didn't want to add my confusion to yours
[11:37] {Threei} I mean... three confused in the same room - we have enough of that among our financial heads of the state
[11:38] {dino} well, that way odds are good one trade works:)
[11:40] {Chaeron} I think we confused everyone.... I mean, even Dave and Magoo have been quiet...
[11:41] {dino} art of war my friend
[11:41] {Chaeron} }:)
[11:42] {Threei} EU'S JUNCKER: PARIS AGREEMENT TOMMOROW WILL BE SUPPORTED BY 27 NATIONS, AS EXPECTED
[11:42] {Chaeron} and all 3 of us made $$$
[11:42] {dino} indeed
[11:43] {Threei} I didn't "make" it
[11:43] {Threei} I took someone's
[11:43] {dino} whats this paris agreement; surrender
[11:43] {Threei} it's Benny who "makes" money
[11:43] {hawkfan4} NQ 1404, stop uder 1400
[11:43] {Threei} lol dino
[11:44] {Chaeron} signing it in a rail car....
[11:44] {dino} ; )
[11:45] {GeoArb} entry criteria hawk?
[11:45] {dino} axys ouch
[11:45] {hawkfan4} watching 1 minute cup n handle, actual break is 1410, early entry
[11:45] {GeoArb} ok thanks
[11:45] {dino} hawk replies "gut"
[11:46] {GeoArb} his gut seems to be doing well :)
[11:46] {Threei} I'll say
[11:46] {Threei} 12 points in a jiffy
[11:46] {dino} gj
[11:46] {hawkfan4} oh, it is, need less cheeseburgers and beer or i won't fit under my desk
[11:46] {Threei} rofl
[11:47] {Chaeron} dino got his 100 almost
[11:47] {dino} lol
[11:47] {Threei} there
[11:47] {Threei} 104
[11:47] {dino} thers that 100
[11:48] {dino} opps
[11:48] {Threei} US TREASURY'S NASON: BANKS HAVE SIGNED NO AGREEMENTS TO LEND CAPITAL, NO GUARANTEES THE BANKS WILL LEND, HOWEVER PACKAGE WILL PUT BANKS IN BETTE POSITION
[11:48] {Chaeron} Bette? Midler?
[11:48] {Threei} do we want them to lend or do we want them to in better position?
[11:48] {Threei} I for one don't care about their position at all
[11:48] {GeoArb} "better position to lend"
[11:49] {Threei} that;s what yoga instructors for
[11:49] {GeoArb} downward dogs all of them
[11:49] {Threei} eqzaktly
[11:49] {Threei} with fleas too
[11:49] {hawkfan4} lol
[11:49] {Chaeron} (Vad doing Yoga.... heck, it's the apocalypse.....
[11:49] {GeoArb} lol
[11:49] {GeoArb} hawk you still in?
[11:49] {dino} now banks will issue bonuses
[11:50] {hawkfan4} partialled 19
[11:50] {GeoArb} nice !
[11:50] {hawkfan4} thx
[11:50] {GeoArb} so vad
[11:50] {GeoArb} when the NQ trading lesson?
[11:50] {dino} you guys are hot today, gj
[11:50] {hawkfan4} just don't want to give vad that heart attack
[11:51] {Threei} don't see what to do a lesson about
[11:51] {Threei} same thing
[11:51] {Threei} the only difference is,
[11:51] {Threei} stops have to be a bit more generous
[11:51] {GeoArb} true
[11:51] {Threei} it's very effective at gunning too tightly placed stops
[11:52] {GeoArb} but its a relief watchin one instrument vs many
[11:52] {hawkfan4} stop to 1413 for the rest
[11:52] {Threei} thta's an advantage that often turns into shortcoming
[11:52] {hawkfan4} out
[11:52] {GeoArb} i guess
[11:53] {hawkfan4} it is tricky, should have scalped the whole thing and re-entered, especially on a day like today
[11:54] {dino} tricky, tricky, tricy...beastyboyz
[11:56] {hawkfan4} they reall know how to sabotage your stop placement
[11:56] {Threei} yup, standard placement or trailing just under support will get taken out 9 out of 10
[11:57] {Threei} actaully, when I traded NQ regularly, I used this pattern
[11:57] {dino} imo, in this mkt, you have to widen stops
[11:57] {Threei} breakout forms, triggers, I let it go,
[11:57] {GeoArb} stops were the reason yo stopped vad?
[11:57] {Threei} wait for snapback just under support, enter there for immediate shot back up
[11:58] {dino} shots.....mucho tequilla last week
[11:58] {Threei} you read what I say Geo? :)
[11:58] {GeoArb} yes
[11:58] {hawkfan4} back in 1411 small, wide
[11:58] {GeoArb} entry on retest
[11:58] {hawkfan4} to steal dino's phrasing
[11:59] {Threei} I'd call it entry on shakeout
[11:59] {Threei} what we did on UAUA today btw
[11:59] {GeoArb} much better term
[11:59] {Threei} have a look at blog article called
[11:59] {Threei} stops: a deeper look
[12:00] {Threei} this is one of the ideas described there
[12:00] {GeoArb} ok will do
[12:00] {Threei} {--- one of those strange creatures who actually do what they teach
[12:00] {GeoArb} so why did ya stop trading NQ?
[12:00] {GeoArb} i thought it had lower comissions and better tax treatment
[12:01] {Threei} too much hassle to run two brokers
[12:01] {Threei} tax treatment is irrelevant for me
[12:01] {GeoArb} ?
[12:01] {Threei} different in Canada
[12:01] {GeoArb} ok
[12:03] {dino} wow didn't expect that, axys sm l .20
[12:03] {dino} i was a buck under
[12:08] {magoo} LASER DCC
[12:20] {Chaeron} DRYS
[12:20] {ese} signing off all....see you tomorrow
[12:21] {hawkfan4} cya es
[12:21] {ese} see ya hawk
[12:21] {dino} out axys .64, +.44
[12:22] {dino} later hawk
[12:22] {hawkfan4} i'm staying, ese left
[12:22] {Threei} confusion reigns
[12:22] {hawkfan4} who?
[12:23] {Chaeron} classic
[12:24] {Threei} lol
[12:24] {dino} ok lol
[12:24] {dino} then cya es
[12:24] {hawkfan4} :) lol
[12:26] {hawkfan4} sold the little nq -3. market too cornfused
[12:29] {dino} feels up
[12:29] {hawkfan4} hmm, couldn'g have timed that any better, geesh
[12:30] {dino} who knows
[12:30] {dino} now feels down
[12:32] {dino} iflo
[12:32] {dino} nah
[12:34] {Threei} I'll never understand how gold trades
[12:34] {Threei} with all these trillions being pumped in, you would think gold should be through the roof
[12:34] {patience} funds having to sell holdings, ppt keeping it down, waiting for u.s. dollar to turn and drop
[12:35] {patience} i like scalping gold
[12:35] {Threei} GG trades well enough for scalping
[12:36] {dino} and up it is
[12:36] {GeoArb} which instrument patience?
[12:36] {patience} i trade goldcorp, barrick, etf bullion, kinross on canadian side
[12:36] {patience} i don't do juniors right now
[12:36] {dino} gold
06[12:36] * GeoArb is information overloaded
[12:37] {GeoArb} whats juniors
[12:37] {patience} junior gold companies
[12:38] {patience} you want the names geo?
[12:38] {GeoArb} nah its good :)
[12:39] {GeoArb} TY
[12:44] {Threei} GG pullback buy
[12:44] {Threei} 26 closest support
[12:44] {Threei} hard to find feversal point, so try to get as close to it as possible
[12:45] {Threei} took .16
[12:45] {GeoArb} .18
[12:45] {Threei} scalp only most l.ikely
[12:46] {magoo} .21 drat
[12:48] {GeoArb} out half .28
[12:48] {Threei} out .31
[12:49] {GeoArb} full?
[12:49] {magoo} out .30 double drats
[12:49] {magoo} lol
[12:49] {Threei} yeah, just a scalp for me
[12:52] {GeoArb} good thing i exited before asking the Q :)
[12:52] {Threei} [12:45] {Threei} scalp only most l.ikely
[12:52] {Threei} I answered it before you even asked
[12:53] {GeoArb} yes... i was wondering why
[12:53] {Threei} is it efficiency or is it efficiency
[12:53] {GeoArb} efficacy
[13:10] {Threei} market is asleep
[13:11] {Threei} check your e-mail box guys, anyone sees e-mail from RT?
[13:11] {GeoArb} nope
[13:11] {Chaeron} not here either and I refreshed
[13:11] {Threei} hmm
[13:11] {Threei} ty
[13:15] {GeoArb} we back at open
[13:15] {GeoArb} sorry globex open
[13:22] {Threei} check e-mail once again please
[13:22] {hawkfan4} nothing here
[13:23] {GeoArb} nope
[13:23] {Threei} wth
[13:23] {peterg} zippo
[13:23] {magoo} i got it
06[13:24] * GeoArb thinks magoo in VIP list
[13:33] {hawkfan4} NVDA happy
[13:33] {hawkfan4} 14-Oct-08 13:19 ET In Play Apple says at Macbook event it uses Nvidia (NVDA) chips for graphics in its new notebooks (109.16 -1.10) :
[13:38] {magoo} LASER DCC
06[13:38] * magoo slaps laserdave1 around a bit with a large trout
[13:38] {magoo} LASER DCC
06[13:38] * Chaeron slaps laserdave1 around a bit with a large trout
[13:38] {Chaeron} oh sorry... thought it was just hit Dave time
[13:40] {Threei} any time is hit dave time
06[13:40] * Threei slaps laserdave1 around a bit with a large trout
06[13:43] * Chaeron still waiting for an email.......
[13:44] {peterg} still waiting for my gift box
[13:58] {Threei} look at this sneaky move
[13:58] {Threei} NOIZ
[13:58] {hawkfan4} not bad for 2 days
[14:04] {Threei} so, is magoo the only one who got an e-mail?
[14:04] {hawkfan4} just checked, still nothing
[14:05] {GeoArb} nothing yet
[14:05] {GeoArb} man it smells of smoke bad
[14:08] {GeoArb} ES back to low
[14:12] {Chaeron} wet handkerchief arond face geo :)
[14:12] {Chaeron} around
[14:12] {GeoArb} andkeep trading !!
06[14:12] * GeoArb feels heroic
[14:18] {dino} looks like bandit
[14:18] {GeoArb} :)
[14:18] {dino} watching amzn clf
[14:18] {dino} axys
[14:19] {dino} well 700 pt range
[14:22] {dino} amzn gap fill
[14:23] {hawkfan4} nothing like a good 100 point nq shakeout to get the old blood pumping
[14:28] {dino} the q is, does it go down another 100
[14:28] {hawkfan4} i say up
[14:29] {dino} drys sm l .50
[14:29] {Threei} RIMM .05 long
[14:29] {Threei} stop under .90
[14:30] {Threei} too fast?
[14:30] {GeoArb} yeah
[14:30] {GeoArb} was at .19 when i got feed
[14:31] {GeoArb} re?
[14:31] {Threei} yup
[14:31] {dino} out drys .90, +.40
[14:31] {Threei} in .91
[14:31] {Threei} stop under .80
[14:31] {hawkfan4} nice dino
[14:31] {dino} ty
[14:32] {GeoArb} in .87
[14:32] {Threei} nope
[14:33] {GeoArb} out
[14:34] {Threei} scalpable but too fast to call
[14:35] {Chaeron} DRYS :)
[14:35] {hawkfan4} NVDA .94, stop .86
[14:36] {dino} hig wow
[14:36] {hawkfan4} wowza
[14:41] {dino} hig sm s .00,
[14:43] {hawkfan4} stopped NVDA
[14:45] {Threei} NCC is holding amazingly well
[14:45] {dino} axys forgot, just filled l .90
[14:45] {dino} sm
[14:46] {dino} risky
[14:46] {hawkfan4} bold as love
[14:46] {dino} hig bstop hod, don't mess around strong
[14:47] {dino} wow stopped hig covered -.33
[14:47] {dino} eyes on jnj
[14:48] {dino} well patience 800 pts
[14:52] {laserdave1} magoo dcc
[14:53] {dino} jnj sm l .25 stop .79
[14:53] {dino} too soon
[14:54] {dino} amzn double bottom
[14:54] {hawkfan4} back in NVDA .79, stop.74
[14:57] {dino} 100 pts coming, which way dk
[14:57] {Threei} would be happy to grab NCC once again if it did its famous deep drop
[14:59] {dino} eight ball says up
[14:59] {Threei} lemme clean mine
[15:00] {dino} have to get the easy button out again
[15:00] {Threei} it doesn't say up or down... it says "listen to dino"
[15:01] {dino} then we are all f#cked
[15:01] {dino} theres 70 pts
[15:01] {dino} 80
[15:01] {dino} 90
[15:02] {dino} 100
[15:03] {Threei} RIMM should go to 62 easy if rally materializes
[15:06] {Threei} NCC dance may be starting
[15:09] {dino} 120
[15:09] {dino} =
[15:09] {dino} +
[15:09] {Threei} took some RIMM for a run
[15:10] {Threei} want it closer to 62
[15:10] {dino} out amzn +.60
[15:10] {dino} wow, need to keep that 8-ball safe
[15:10] {Threei} please do
[15:11] {Threei} half out RIMM
[15:11] {Threei} 61.15
[15:12] {Threei} offering the balance 61.90
[15:12] {dino} gj
[15:12] {Threei} ty
[15:13] {hawkfan4} sweet. a new segment? dino's 8 ball call of the day?
[15:13] {GeoArb} 70.50 to 86.75
[15:13] {GeoArb} NQ 2 lot
[15:13] {Threei} actaully I played not dino's 8-ball, but my 8-ball that said to listen to dino's
[15:13] {GeoArb} TY dino va
[15:13] {GeoArb} d
[15:13] {hawkfan4} nice geo
[15:14] {Threei} beauty geo
[15:14] {dino} lol, great job
[15:14] {GeoArb} keep em coming dino :)
[15:16] {GeoArb} man the volatility on NQ is 3 times i have seen before
[15:16] {GeoArb} tough for stops
[15:16] {Threei} yup
[15:16] {GeoArb} have to scale in when one lot is in money
[15:16] {dino} jnj=just no juice
[15:16] {GeoArb} lol
[15:17] {dino} size down, go wider
[15:17] {GeoArb} luckily NQ is least size of the eminis
[15:18] {Threei} come on market
[15:18] {Threei} go green
[15:18] {Threei} it's environmentally friendly
[15:18] {hawkfan4} i'm rootin for it too vad...green is good
[15:19] {GeoArb} reading the blog on stops vad
[15:20] {GeoArb} tough love :)
[15:20] {dino} out axys .30, toughy, +.40
[15:20] {Threei} which one do you mean?
[15:20] {Threei} there are a few articles
[15:20] {GeoArb} right now Aug 4
[15:20] {Threei} on that topic
[15:20] {Threei} oh
[15:20] {GeoArb} going backwards
[15:20] {Threei} one I referred too earlier is older
[15:20] {dino} too soon
[15:22] {GeoArb} got it http://www.realitytrader.com/blog/2007/05/stops-deeper-look.html
[15:25] {dino} jnj stop to b/e
[15:29] {dino} out jnj .65, +.40
[15:31] {Threei} round two
[15:31] {Threei} don't fail this time, rally
[15:31] {dino} wow
[15:32] {dino} fcx sm l .75
[15:34] {dino} dji wants green
[15:34] {patience} tsx +846
[15:35] {dino} out fcx .15, +.40
[15:36] {dino} getting tired
[15:39] {dino} watching amzn, clf, fcx, axys
[15:40] {Chaeron} Guys and Patience, I'm outta here... See you all tomorrow. Thanks for everything Vad!
[15:41] {Chaeron} Geo - be safe
[15:41] {patience} by geo
[15:41] {GeoArb} thanks chaeron
[15:41] {GeoArb} chaeron is leaving patience no tme :)
[15:41] {dino} take care chaer
[15:42] {Threei} take care chaeron
[15:42] {patience} it was a very good gobblle gobble dinner last night, wine and all, sorry geo :)
[15:42] {patience} not my brightest today
[15:42] {GeoArb} :)
[15:43] {dino} did you hyave fun?
[15:44] {patience} me?
[15:44] {dino} y
[15:44] {patience} excellent, was wonderful in spite of the power loss
[15:45] {dino} good then (on the fun)
[15:48] {patience} hey dino, you think we're going to test the lows again?
[15:49] {dino} clf sm l .50
[15:50] {dino} yes
[15:50] {dino} too many gaps to fill
[15:50] {Threei} today??
[15:50] {dino} no
[15:50] {Threei} whew
[15:50] {dino} soon, couple days to week
[15:50] {Threei} your 8-ball scared me
[15:51] {patience} i say around the 23rd
[15:51] {patience} is that a full moon? lol
[15:51] {hawkfan4} {==quickly buys back everything he sold thinking we were going back to the lows today...
[15:51] {GeoArb} http://www.bloomberg.com/apps/news?pid=20601087&sid=aDVgqxiT9RSg&refer=home
[15:51] {GeoArb} taleb black swan fund made 50%
[15:52] {dino} mkl just filled its gap
[15:52] {dino} amzn filled
[15:53] {Threei} INTC reports today
[15:53] {Threei} I guess market doesn't think it's going to be pretty
[15:53] {hawkfan4} oh boy
[15:54] {peterg} bummed--haven't been able to trade in two days
[15:55] {peterg} but at least recognize requirement of full attention
[15:55] {peterg} all rich now are we?
[15:56] {GeoArb} not rich enuff to stop
[15:56] {peterg} keep at it
[15:56] {dino} clf stop to flat
[15:57] {Threei} NCC
[15:57] {GeoArb} sneaky
[15:57] {dino} clf stopped .57, +.07
[15:58] {Threei} in .15
[15:58] {dino} thats it. i'm beat
[15:58] {dino} thx all, some really good ones
[15:58] {Threei} take care dino :)
[15:58] {GeoArb} bye dino
[15:58] {GeoArb} ncc is wierd
[15:58] {dino} will do
[15:58] {Threei} willing to hold
[15:59] {Threei} thing seems to be gapping up every day
[15:59] {GeoArb} ok
[15:59] {Threei} will offer .30 for AH
[15:59] {Threei} either taken or will see what happens tomorrow
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[16:00] {GeoArb} thanks vad
[16:00] {GeoArb} bye all
[16:00] {hawkfan4} bye all
[16:00] {peterg} gnite all

Monday, October 13, 2008

Oct 13 2008

Session Time: Mon Oct 13 00:00:00 2008

[07:49] {magoo} morning
[07:49] {Threei} Good morning
[07:51] {magoo} we got what we feard fri..huge gapper
[07:51] {Threei} yeah
[08:07] {Threei} MS
[08:07] {Threei} REPORTEDLY MITSUBISHI STILL AIMS TO PURCHASE 21% STAKE IN COMPANY, NO CHANGE IN INVESTMENT SIZE VS ONGOING DEAL TALK
[08:07] {Threei} -Preferred shares said to yield 10% to Mitsubishi{MTU}
[08:29] {magoo} cramer saying dow target 4400...
[08:29] {magoo} whats he trying to do?
[08:30] {Threei} sigh
[08:33] {Threei} FED'S HOENIG: TREASURY BANK AID PLAN IS 'DAUNTING'
[08:37] {Threei} FED'S HOENIG: FINANCIAL SERVICES INDUSTRY HAS TO STEP UP AND HELP RESTORE MARKET STABILITY
[08:37] {Threei} - Regulatory agencies around the world must take care not to over-react.
[08:37] {Threei} - The bank supervisory structure did not cause the credit crisis.
[08:37] {Threei} - Supports a rules-based not a principle-based set of regulations.
[08:37] {Threei} - The US Treasury and the Fed can not solve the crisis alone.
[08:37] {Threei} - While the TARP plan is daunting, believes the program will help deal with the crisis.
[08:38] {Threei} (CA) CANADIAN FIN MIN: ALL NECESSARY STEPS WILL BE TAKEN TO MAINTAIN STABILITY IN THE FINANCIAL SYSTEM
[08:38] {Threei} GE
[08:38] {Threei} CEO: GLOBAL FINANCIAL SYSTEMS ARE STRONGER NOW THAN THEY WERE FOUR WEEKS AGO
[08:38] {Threei} yeah?
[08:42] {cosmo} .... back up the truck...
[08:48] {cosmo} APWR
[08:48] {cosmo} 5.40 pre mkt spike high fyi
[08:49] {dino} gm all, seems i missed a crazy one
[08:49] {Threei} no kidding dino
[08:49] {cosmo} tulips soon dino
[08:49] {Threei} unprecedented volatility
[08:50] {dino} lol
[08:50] {dino} in any case, back to work
[08:53] {cosmo} NVDA pre mkt high = 7.40 fwiw
[08:53] {dino} who got the govt cdo contract for market, cme or ice?
[08:54] {Threei} (GE) GERMAN GOVT CONFIRMS IT WILL PROVIDE UP TO €500B IN GUARANTEES, CAPITAL FOR BANKS
[08:54] {Threei} - Bailout plan is in accord with other EU nations
[08:54] {Threei} - Bailout packages mature on Dec 31, 2009
[08:54] {Threei} - Notes foreign banks' German units are also included in plan
[08:54] {Threei} - Bundesbank will ensure liquidity of money market funds
[08:54] {Threei} - Govt also targets taking direct stakes in banks, revising balance sheet regulations for banks
[08:54] {Threei} - Govt also plans to set up a special financial market stabilization fund
[08:54] {Threei} - Reportedly the German Cabinet approved bank sector rescue plan
[08:54] {Threei} - Note: Earlier today, it was speculated that the German financial market rescue package would total €470B and Germany would provide €400B in bank guarantees, €70B in bank capital
[08:54] {peterg} morning
[08:54] {Threei} peter :)
[08:55] {Threei} (IT) ITALY REPORTEDLY TO PLACE OVER €20B TO SUPPORT BANKING SYSTEM
[08:56] {Threei} told ya... they'll throw any kind of money at this
[09:03] {hawkfan4} morning all
[09:03] {Threei} hawk :)
[09:03] {magoo} H
[09:03] {magoo} A
[09:03] {magoo} W
[09:03] {magoo} K
[09:03] {hawkfan4} :)
[09:04] {peterg} having too much fun, smiling not crying
[09:04] {magoo} they freeze up in mkt hours u could be slaughtered today
[09:08] {cosmo} Q
[09:08] {peterg} what is symbol for FORD?
[09:09] {peterg} 90 y/o father bought 1K sh on Friday for a bounce, he hopes
[09:09] {peterg} swinger, that one
[09:09] {magoo} uses viagra?
[09:09] {magoo} at 90
[09:09] {peterg} didn't ask
[09:10] {dino} everywhere contries are flooding the world w/money
[09:10] {peterg} looks like symbol for ford is ford
[09:10] {dino} f
[09:11] {magoo} f u too dino.sheesh
[09:11] {peterg} thks dino & welcome back
[09:13] {Threei} (AS) AUSTRIAN CHANCELLOR: AUSTRIA WILL IMPLEMENT A €100B FINANCIAL MARKET RESCUE PLAN
[09:13] {Threei} - The package will provide support for the banking system, mainly via guarantees.
[09:13] {Threei} - To limit short-selling
[09:14] {Threei} (FR) FRENCH PRES SARKOZY: A FRENCH ENTITY WILL BE CREATED IN ORDER TO ASSIST BANKS
[09:14] {cosmo} ah... templars
[09:16] {dptl} morning all
[09:17] {Threei} dp :)
[09:17] {Threei} GM
[09:17] {Threei} CLOSING WISCONSIN SUV PLANT, AFFECTING 1,200 JOBS
[09:17] {peterg} does it say where in Wis?
[09:18] {cosmo} SUV's need to be lighter and more sporty ...that's all
[09:18] {Threei} no
[09:19] {peterg} looks like Janesville
[09:19] {GeoArb} gmall
[09:19] {Threei} geo :)
[09:21] {Threei} IMO, the only way to deal with this gap is wait out the open
[09:21] {cosmo} nvda tests 7.40
[09:21] {Threei} if we get wild swing as we saw on Friday, it's a buy on extreme spike down
[09:22] {Threei} but I doubt Fri opening wqill repeat today
[09:24] {Threei} GM, quite a gap
[09:25] {Threei} DELL is fairly meek
[09:25] {Threei} MS... jeez
[09:26] {Onix} Good moring all
[09:26] {Threei} LOL, GS lowers oil price to 65
[09:26] {Threei} Onix :)
[09:26] {Threei} weren't they predicting 200 on the way up
[09:27] {hawkfan4} time to buy oil
[09:27] {Threei} not yet IMO
[09:27] {magoo} they are prudent vad..trailing the target he he
[09:27] {Threei} uhhu
[09:28] {GeoArb} MS !
[09:29] {peterg} tempted to chase but remained strong
[09:29] {peterg} good me
[09:30] {peterg} very exciting spike
[09:30] {peterg} lots today spose
[09:31] {Threei} watching ADBE pullback
[09:32] {Threei} should follow lower
[09:33] {Threei} if not losing .70, half lot long when NQ reeverses
[09:33] {Threei} argh
[09:33] {Threei} don't chase
[09:35] {Threei} 29 long smaller shares, stop under .80
[09:37] {Threei} (RU) RUSSIA RTS EXCHANGE HALTS TRADING UNITL TOMORROW
[09:37] {Threei} {RSX }
[09:37] {ese} good morning......
[09:37] {Threei} ese :)
[09:37] {ese} slept through my alarm
[09:37] {ese} whats happenin
[09:37] {ese} things lookin up
[09:38] {Onix} in ADBE @ .21
[09:38] {Threei} .21??
[09:38] {Onix} .01 i mean
[09:38] {Threei} WHEW
[09:38] {Threei} scarewd the living daylight out of me
[09:38] {Onix} me too!
[09:39] {Threei} Long Setup: NVDA .65 if stays above .55
[09:39] {Threei} (IT) ITALY PM BERLUSCONI: COUNTRY HAS METHODS TO AVOID MARKET TURMOIL AFFECTING THE REAL ECONOMY
[09:40] {Threei} yeah, we heard his methods... halt all exchanges
[09:40] {magoo} out adbe .45 TY vad
[09:40] {GeoArb} he must be russian
[09:40] {Threei} welcome mags
[09:40] {Onix} ty VAD got .47
[09:40] {Threei} cool beans
[09:40] {Threei} you guys are good
[09:41] {magoo} good mentor
[09:41] {Threei} who would that be... I better hire him
[09:41] {Threei} dell
[09:42] {magoo} vad..news CME?
[09:43] {Threei} no
[09:43] {Threei} gettinf feeling ADBE is going much higher
[09:43] {magoo} u in?
[09:43] {Threei} didn't reallt poulled back this time with NQ
[09:43] {Threei} .50 break, will try
[09:43] {Threei} very risky
[09:44] {Threei} half out .71
[09:44] {Threei} offering the balance .95
[09:44] {Threei} stop under .40
[09:45] {magoo} going long .95 for breakout
[09:45] {magoo} HE HE
[09:45] {Threei} lol
[09:45] {magoo} watching AAPL for bounce
[09:45] {magoo} give me a read vad
[09:46] {Threei} toughie
[09:46] {magoo} he he ya rthink?
[09:46] {dino} banks rolling over
[09:46] {Threei} changing to 1/4 out at .95
[09:47] {Onix} Vad, do you use the symbol NQ or is there more?
[09:47] {magoo} easing in 1/4 .95
[09:47] {Threei} rofl mags
[09:47] {Threei} onix, you have futurtes feed?
[09:47] {Threei} 1/4 out
[09:47] {Onix} i use QQQQ
[09:47] {ese} long ATVI
[09:47] {ese} .49
[09:47] {Threei} if you don't have separate futures feed you won't get NQ quotes
[09:48] {ese} 3/4
[09:48] {Threei} QQQ is good enough as proxy
[09:48] {Threei} out in full ADBE
[09:48] {GeoArb} nice vad
[09:48] {Onix} ty
[09:48] {Threei} .28
[09:48] {Threei} +.77
[09:48] {Onix} wtg Vad!
[09:48] {dino} gj
[09:50] {Threei} tempted to short RIMM 59.5 breakdown
[09:50] {ese} stop .40
[09:50] {Threei} with stop above .75 - .80 zone
[09:51] {Threei} 1:1 quickly
[09:51] {Threei} out .18
[09:51] {Onix} missed that one
[09:51] {Threei} a bit too early
[09:51] {Threei} argh'
[09:51] {GeoArb} nice and sweet
[09:51] {ese} stopped .40 -.09 hmmmmm
[09:51] {magoo} just feel like should be playing more long on bounces
[09:51] {magoo} but..i could be sucker
[09:52] {GeoArb} in .46 out .05
[09:52] {Threei} wtg Geo
[09:52] {Threei} beat my exit
[09:52] {GeoArb} scaled on .16 too
[09:52] {Threei} look how well ADBE is holding
[09:53] {Threei} RIMM dollar
[09:53] {Threei} {--- crying
[09:53] {GeoArb} wow rimm
06[09:53] * GeoArb joins 3i
06[09:53] * Threei passes Geo a tissue
[09:54] {hawkfan4} lol
[09:54] {GeoArb} hmm so _xzap didnt continue?
06[09:54] * Threei is looking around
[09:54] {Threei} OK{ bounce time RIMM
[09:54] {Threei} in .95
[09:55] {Threei} stop under .90
[09:55] {Threei} ADBE... starts feeling like buy and hold, lol
[09:55] {Onix} in @.01
[09:58] {Threei} half out RIMM .40
[09:59] {Onix} grabbed only .17 on RIMM
[09:59] {Threei} out in full .96
[10:00] {Threei} half lot ADBE long .15
[10:00] {Threei} stop under 30
[10:01] {Threei} in
[10:01] {magoo} in
[10:01] {dino} v sm wide cme l 9.00
[10:02] {Onix} in ADBE @ .15
[10:02] {Threei} if works, not a scalp for me
[10:04] {Threei} no worky
[10:05] {Onix} stopped ADBE
[10:07] {GeoArb} sheesh was a 12 point down spike on NQ
[10:14] {GeoArb} .
[10:18] {Onix} am i still logged in here?
[10:18] {Threei} no
[10:18] {dino} y
[10:18] {magoo} no
[10:18] {Onix} ty
[10:18] {Threei} let's vote on that?
[10:20] {Threei} Long Setup: AA .70 half lot
[10:20] {Threei} if stays above .50
[10:21] {magoo} in
[10:21] {Onix} in
[10:26] {Threei} let's trail it to under .60
[10:26] {Threei} taking too long
[10:27] {magoo} exit area?
[10:27] {Threei} looks fairly capable of going closer to 13
[10:28] {Threei} buty so far hesitates too long for my taste
[10:29] {magoo} especially on naz spike
[10:29] {Threei} better now
[10:29] {Threei} 1:1
[10:29] {Threei} I am out .92
[10:30] {GeoArb} all out .91
[10:30] {GeoArb} TY vad
[10:30] {Threei} welcome
[10:32] {Threei} kind of missed DELL
[10:32] {Threei} it's morning weakness tunred me off
[10:32] {Threei} but later on it gained strength
[10:32] {Threei} quite nice steady climb
[10:33] {Threei} if NQ breaks, let's try .38 with stop under .30
[10:33] {Threei} ADBE fooled us, eh?
[10:33] {magoo} out AA .91 here
[10:34] {magoo} got second chance
[10:34] {dino} out cme 390.20, +10.20
[10:34] {Threei} ok, good pullback NQ here, allows us to see which ones are holding right under high for a break
[10:34] {Threei} eeck
[10:34] {Threei} dino... that's indecent
[10:34] {dino} :)
[10:35] {dino} 389.20 that is
[10:35] {GeoArb} i guess golf vacation helped :)
[10:35] {hawkfan4} wow, nice dino
[10:35] {Threei} ADBE
[10:35] {dino} lucky
[10:35] {Threei} thing is aiming for 31 if market breaks out here and it takes .50
[10:36] {Threei} would prefer pullback entry
[10:36] {Threei} let's see if we can nail one
[10:36] {Threei} same with DELL
[10:37] {Threei} NQ is forming C&H hopefully
[10:37] {Threei} 1346 will complete it
[10:39] {Threei} ADBE closest support .30
[10:39] {dino} jpm sm l .45
[10:39] {Threei} NQ is determined
[10:41] {GeoArb} so did we take break of .5?
[10:42] {Threei} we?
[10:42] {Threei} are we rading as a single entity?
[10:42] {GeoArb} i did
[10:42] {Threei} trading
[10:42] {GeoArb} yes we are raiding
[10:42] {Threei} stop under .30
[10:42] {GeoArb} out half
[10:43] {GeoArb} ahhhhh
[10:43] {GeoArb} crossed vads monthly fees
[10:43] {Threei} today?
[10:43] {GeoArb} yeah
[10:43] {Threei} in one day? what I charge for a month?
[10:44] {GeoArb} yesh
[10:44] {GeoArb} pls dont increase it pls pls
06[10:44] * Threei sends a memo to sales/marketing department
[10:44] {ese} UAUA taking of
[10:45] {GeoArb} wow chaeron late today
[10:48] {Threei} market sharp downticks
[10:48] {Threei} maybe time to rest a little
[10:49] {dino} jpm stopped -.40\
[10:49] {Threei} CHRYSLER CEO: COMPANY HAS BEEN APPROACHED BY OTHER COMPANIES FOR POSSIBLE AGREEMENTS
[10:49] {Threei} {F GM}
[10:51] {Threei} Long Setup: PRU .50 small shares, if holding above .30
[10:53] {GeoArb} drat missed
[10:56] {Chaeron} good morning all
[10:56] {Threei} out .92
[10:56] {Threei} Chaeron :)
[10:56] {Chaeron} missed some nice ones I see...
[10:56] {GeoArb} hey cchaeron
[10:56] {Threei} wow, even that too early
[10:57] {GeoArb} sheesh
[10:57] {Threei} stocks start doing what I told you they would at some point
[10:57] {Threei} just go, go and go
[10:57] {dptl} he he out.54 +1.00..ty
[10:57] {Threei} sheesh
[10:57] {GeoArb} nice dp !!
06[10:57] * Threei slaps Threei around a bit with a large trout
[10:58] {Threei} welcome dp :)
[10:58] {Chaeron} great one dp
06[10:58] * GeoArb slaps Threei around a bit with a large trout
[10:58] {Chaeron} great call Threei
[10:58] {dptl} ty
[10:58] {Threei} will take us a few to switch to this kind of thinking,
[10:58] {Threei} and really need more than one day
[10:59] {Threei} to make sure it's a new market mode
[10:59] {Threei} but we will get there, this bull market once it takes rot will not be over in a week or month
[10:59] {Threei} rot = root
[10:59] {Threei} sigh
[10:59] {GeoArb} tkaes rot hehehe
[10:59] {GeoArb} oops
[10:59] {Chaeron} yeah... and your typing is so much better LOL
[11:00] {Threei} look who is talking, lol
[11:00] {Chaeron} :P
06[11:00] * GeoArb goes ina corner and counts his money
[11:00] {Threei} "tkaes" really adds irony, eh chaeron? :)
[11:01] {Chaeron} classic
[11:01] {GeoArb} ok ok
[11:01] {GeoArb} :0\
[11:04] {GeoArb} maaan PRU
[11:06] {Threei} RIMM
[11:07] {Threei} 59 .10 long
[11:07] {Threei} if stays above 58.85
[11:10] {Threei} let's modfiy it
[11:10] {Threei} 59 break
[11:11] {Threei} US TREASURY CONFIRMS MEETING WITH FED AND MARKET PARTICIPANTS FOR FINAL DETAILS TO STABILIZE FINANCIAL MARKETS
[11:12] {Threei} RIMM invalidated
[11:15] {dino} amzn sm l .00
[11:18] {magoo} since its report..rimm just hasnt had it
[11:19] {Threei} WSJ: QATAR WILL INJECT APPROX $6B IN CAPITAL INTO BANKS
[11:19] {Threei} - reminder: over the weekend, it was reported that the U.A.E. said that it would inject funds into banks if necessary. {USD/GCC}
[11:19] {Threei} I start feeling ashamed I am not injecting liquidity in banks
[11:19] {Threei} everyone else does
[11:20] {GeoArb} i love this new term
[11:20] {Onix} i will leave that to Uncle Sam to do for us
[11:20] {magoo} not me..i injected liquidity in stock mkt for 9 yrs
[11:20] {GeoArb} injecting liquidity
[11:20] {GeoArb} sounds so clinical
[11:20] {Threei} lol
[11:20] {GeoArb} lol magoo
[11:20] {Onix} i have also injected way too much already
[11:28] {dino} you guys crack me up, missed it
[11:28] {Threei} :)
[11:29] {GeoArb} ok last one
[11:29] {GeoArb} vad can edit it later :)
[11:29] {Onix} has it ever happened before that the government buys stocks directly?
[11:30] {GeoArb} injecting liquidity..... is that what they call love nowadays?
[11:30] {dino} yes
[11:30] {Chaeron} Onix, I don't know but I wish I were their broker
[11:30] {dino} many govt. do this
[11:31] {Onix} i think it is Paulson who wants to buy some GS
[11:31] {GeoArb} lol chaeron
[11:31] {dino} think govt pensions that are allowed to invest in markets
[11:31] {GeoArb} didnt it happen to chrysler? not sure
[11:31] {Onix} to help his old buddies
[11:31] {Onix} and maybe he still has lots of shares in GS
[11:32] {GeoArb} the timing kinda sucked.... bailout right before GS plunge
[11:32] {GeoArb} they let the others die
[11:32] {dino} amzn stop to .40
[11:32] {dino} we all die geo
[11:32] {GeoArb} :)
[11:33] {GeoArb} after payint taxes.....
[11:33] {GeoArb} the irony doesnt escape me
[11:33] {Onix} maybe that is why they now want to change the use of the 700B bailout
[11:33] {GeoArb} now i will pay interest to banks to lend me my taxpayer money
[11:33] {dino} lol
[11:33] {dino} out amzn serious slip, .61 +.61, stop was trailed to .70
[11:34] {GeoArb} nice dino
[11:34] {Onix} wtg dino
[11:34] {dino} ty
[11:42] {dino} acas sm l .80
[11:42] {Threei} a lot of relentless slow climbs
[11:43] {magoo} yeah..up big but was mosly gap
[11:43] {Onix} no great pulbacks
[11:43] {Threei} no, I mean those that continue climbing intraday
[11:43] {Threei} like SBAC
[11:43] {Threei} JRCC
[11:44] {Threei} EQIX
[11:44] {Threei} etc
[11:45] {Threei} ADBE tired
[11:45] {Threei} short candidate if/when market decides to pull back finally
[11:45] {Onix} quiet accumilation in some?
[11:45] {Threei} 30 breakdown
[11:50] {magoo} in
[11:51] {Threei} in what?
[11:51] {magoo} lil aggresive sh adbe
[11:52] {magoo} .06
[11:53] {Onix} in .98
[11:53] {magoo} out .98 lol
[11:53] {Onix} adbe ss
06[11:53] * Threei slaps magoo around a bit with a large trout
[11:53] {magoo} kidding lol
[11:55] {Onix} out .92 adbe
[11:55] {dino} amzn sm l .05
[12:03] {GeoArb} nice day thanks vad and all
[12:03] {GeoArb} bye
[12:03] {Threei} take care geo
[12:03] {Chaeron} bye Geo
[12:04] {hawkfan4} l8r geo
[12:08] {magoo} laaa....eight......er.....oh..i get it
[12:08] {hawkfan4} {==extra clever today
[12:09] {Threei} lol
[12:10] {dino} out amzn .45, +.40
[12:10] {Onix} gj
[12:10] {dino} ty
[12:10] {magoo} l rimm here .43
[12:11] {Threei} SBAC
[12:11] {Threei} smaller shares 18 long
[12:11] {Threei} stop under .80
[12:12] {dino} acas stop to .88
[12:13] {magoo} hoping 60 artea
[12:13] {magoo} stop .94
[12:15] {magoo} out here
[12:15] {magoo} .82 ty vad
[12:15] {Threei} for what?
[12:16] {magoo} just BEING there
[12:16] {Threei} oh
[12:16] {Threei} can I limit my participation to that?
[12:16] {Onix} please no
[12:16] {Threei} lol
[12:16] {dino} out acas +.08
[12:19] {Onix} slow one
[12:19] {dino} yeah, thats why tight, be done
[12:36] {Threei} yawn
[12:36] {Threei} anything's moving out there?
[12:36] {Chaeron} DRYS?
[12:36] {Onix} not a soul is stirring
[12:36] {Chaeron} vol too low tho now
[12:37] {Threei} overall, I am not imressed with market volume so far
[12:37] {Chaeron} Columbus Day... everyone out eating pasta
[12:38] {Threei} oh
[12:38] {Onix} and Thansgiving in Canada ... what a way to spend it ... trading!
[12:38] {Threei} we canucks are having Thanksgiving today
[12:38] {Threei} yeah
[12:38] {Threei} well... my consolation comes when it's Thanksgiving in USA
[12:39] {Threei} whole Canada is working, and I am having long weekend
[12:39] {GeoArb} back
[12:39] {Threei} quick, everyone
[12:39] {Threei} hide your winning trades
[12:39] {GeoArb} sheesh
[12:39] {Onix} lol
06[12:39] * GeoArb would have shared
[12:40] {Threei} and we would have taken
[12:42] {Onix} SBAC fooled us
[12:42] {Threei} invalidated and broke
[12:42] {Threei} oh well
[12:43] {Onix} life's like that sometimes
[12:58] {dino} ice sm s .50
[13:02] {dino} stopped -.40
[13:02] {Threei} too bad you haven'ty been here for ICE last week
[13:03] {Threei} misunderstood news, killed it... then deatils appeared, took it all the way back
[13:04] {dino} hmmm
[13:05] {Threei} can you imagine 1000 points daily range, dino?
[13:06] {dino} when i left we were doing 500-700. which was unbelievable
[13:07] {Threei} most stunning element was the speed with which market went through the range
[13:08] {Threei} literally in minutes
[13:08] {Threei} that was something out of sci-fi
[13:08] {Threei} teleportation
[13:09] {Threei} Paulson: beam me up Benny!
[13:09] {dino} lol
[13:09] {dino} i watched a little between rounds, was moving in clumps of points
[13:10] {Threei} we found ourselves in chronoclastic infindibula
[13:10] {magoo} see vad..i told u dino was working down there lol
[13:10] {Threei} I didn't believe you
[13:10] {Threei} but yeah
[13:10] {Threei} you are your brother's keeper
[13:10] {dino} no, just couldn't resist looking at tape when at the bar, or heading out
[13:11] {Threei} oh Tv
[13:11] {Threei} Ok then
[13:11] {Threei} no way I'd approach computer on vacation :)
[13:11] {dino} yeah, no laptop
[13:21] {Threei} IRAQI OIL MIN: OPEC WILL EVALUATE CUTTING SUPPLY IF DEMAND WORLD SHOWS THERE IS LITTLE NEED FOR IT
[13:21] {Threei} - Iranian Oil Min: current oil prices 'not a healthy sign'
[13:21] {Threei} no?
[13:22] {GeoArb} nope
[13:22] {Threei} only because it's too high, I'd say
[13:23] {GeoArb} needs to be double
[13:23] {GeoArb} (according to them)
[13:23] {Threei} get it down to 50 and I'll agree it's almost healthy
[13:23] {Threei} 35, and I'll stop taking its temperature and blood pressure
[13:24] {Threei} US REP HOYER: THERE IS BROAD SUPPORT FOR TREASURY'S PLAN FOR PURCHASES OF EQUITY IN BANKS
[13:24] {Threei} among banks, right?
[13:25] {GeoArb} i think its still a better idea than buying toxic paper
[13:25] {GeoArb} let em sort all that stuff out.... if they make money you make money
[13:25] {dino} why don't they just grant options
[13:26] {GeoArb} did i tell you my buddy grew up withthe guy who is implementing paulson's plan
[13:26] {GeoArb} (dunno if thats something to brag about)
[13:26] {GeoArb} he is called minime
[13:27] {dino} lol
[13:27] {GeoArb} http://www.elitetrader.com/vb/attachment.php?s=&postid=2109811
[13:27] {GeoArb} youll love this
[13:29] {dino} roflol
[13:29] {GeoArb} his title is Interim Assistant Secretary of the Treasury for Financial Stability
[13:29] {GeoArb} lol
[13:29] {GeoArb} really
[13:30] {GeoArb} used to be a scientist at TRW at redondo beach.... then got bored and joined GS
[13:31] {dino} hmmm
[13:31] {GeoArb} Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal Investigator at TRW in Redondo Beach, California where he developed technology for NASA space scien
[13:31] {GeoArb} but i love his title
[13:33] {dino} heck of a business card
[13:34] {GeoArb} barely 6 yrs out of school
[13:35] {Onix} so, GS is running the USA at the moment?
[13:35] {GeoArb} revolving door
[13:35] {Threei} pretty much Onix
[13:35] {GeoArb} UIUC engineering guy wharton finance
[13:36] {dino} nah, we speculators are
[13:36] {GeoArb} true dino true
[13:36] {GeoArb} damn hs i only one year older than me
[13:36] {GeoArb} http://www.time.com/time/business/article/0,8599,1848055,00.html
06[13:37] * GeoArb is depressed
[13:40] {magoo} lil pullbk 2-230..then rrock into bell?
[13:40] {GeoArb} smug &^&^%^&%!!!!!!!
[13:40] {GeoArb} (SZ) Swiss Bankers Assoc. CEO: Switzerland does not need a bailout, as no housing bubble exists and the economy remains 'stable'
[13:41] {magoo} all thgose illegal; bank accts
[13:41] {Threei} lol
[13:41] {GeoArb} i guess thats where the money will go
[13:41] {magoo} like bailing out the mafia
[13:42] {GeoArb} i am planning to go to a bank soon and ask for a loan....
[13:42] {GeoArb} if they ask for collateral .... Ill say my house and laugh hysterically
[13:46] {Threei} DELL continues strength without even market help
[13:48] {Onix} and ADBE is very tired
[13:48] {Threei} yup
[13:49] {magoo} adbe=a dino back early
[13:51] {Threei} lol
[13:51] {Threei} and dell?
[13:51] {Threei} dino eluded late lull?
[13:56] {Threei} OK, ADBE pulled back far enough to get me interested again
[13:56] {Threei} need NQ to resume strength
[14:12] {dino} ice big rinse almost 2 bucks
[14:16] {Threei} things pretty much stalled
[14:16] {Threei} gotta wait it out
[14:22] {dino} sm aacc l .95
[14:24] {Threei} DELL chart begs to short .50
[14:24] {Threei} not sure it's worth the trouble
[14:24] {Threei} see if you like it
[14:26] {dino} rolling over, but how much w/mkt up so much
[14:26] {dino} have to think it can keep a gain
[14:26] {dino} cetv interesting from short
[14:26] {dino} ice is big bummer
[14:29] {Onix} the lower lows are coming just as slowly as the higher highs came earlier
[14:30] {dino} missed cetv
[14:35] {Threei} anuone took DELL, look for scalp
[14:35] {magoo} vad..my question
[14:35] {Threei} sideways
[14:38] {dino} cetv dropped a buck
[14:41] {magoo} ADBE vad??
[14:41] {Threei} short on NQ reversal
[14:41] {Threei} don't see it as a long here
[14:43] {Threei} WMT
[14:43] {Threei} HEARING SHARES RAISED TO BUY FROM NEUTRAL AT UBS; COST RAISED TO NEUTRAL (TIMING UNCERTAIN)
[14:43] {Threei} - Note UBS cut these names last week
[14:43] {Threei} they change their calls weekly now?
[14:43] {Onix} soon it may be daily
[14:43] {Chaeron} soon they'll be in your room changing on the fly... watch for it :)
[14:44] {Chaeron} onix :)
[14:44] {Onix} same with earnings ... market up, earnings beat & visa versa
[14:44] {GeoArb} hehehe UBS is a filthy daytrader
[14:44] {GeoArb} power up
[14:46] {Threei} NVDA
[14:46] {Threei} ANNOUNCES CLOSURE OF U.S.DOJ INVESTIGATION REGARDING POSSIBLE ANTITRUST VIOLATIONS
[14:46] {Threei} - DOJ investigation into potential antitrust violations related to graphics processing units and cards has been closed.
[14:46] {Threei} - No specific allegations were made against the Company during the investigation.
[14:49] {Threei} changing my opinion mags
[14:49] {Threei} explosion in cards
[14:50] {Threei} (unless I change it again in 10 min)
[14:51] {Onix} what's use of having a mind if you a't change it hey?
[14:51] {Threei} exactly
[14:51] {GeoArb} what use is a mind if it never changes
[14:54] {Threei} TIGER MANAGEMENT'S JULIAN ROBERTSON: IN THE PAST FEW DAYS WE HAVE BOUGHT SHARES IN MSFT, AAPL, BIDU, V, AND MA - CNBC INTERVIEW
[14:54] {Threei} - also buying more shares of RYAAY.
[14:54] {Threei} - says copper is a good short.
[14:54] {GeoArb} man yahoo outlook keeps getting lowered
[14:55] {Onix} Tiger Management doing well?
[14:55] {Threei} if they bought over last few days, must be
[14:55] {dino} jpm l sm .00
[14:57] {Threei} NQ goes for new highs very soon
[14:57] {Threei} there
[14:59] {dino} not really liking market up so much so fast. plus the gaps are trouble
[15:00] {Threei} well, we were so deeply oversold
[15:00] {Threei} plus Cramer called Dow to 4000 or so
[15:00] {GeoArb} heheh have you seen the hilariouds ads on cramer being run by fox business?
[15:00] {Threei} no
[15:01] {GeoArb} they are gunning for him
[15:01] {dino} liking farley's thoughts better, 7100ish
[15:02] {GeoArb} http://www.youtube.com/watch?v=yca7nbhyMVY
[15:02] {GeoArb} here yo go vad
[15:03] {Threei} lol
[15:03] {Threei} well... hard to deny truth
[15:03] {GeoArb} ahhhhhh
[15:04] {GeoArb} made 5 times my daily (200) today
[15:04] {GeoArb} best day in last 2 months
[15:04] {dino} out jpm .45, +.45
06[15:04] * Threei slaps GeoArb around a bit with a large trout
[15:04] {dino} great job geo
[15:04] {GeoArb} 2 contracts of ES on IB
[15:05] {GeoArb} scaled in slowly when market powered up
[15:05] {dino} little over 2x's here
[15:05] {magoo} your daily is 200 geo?
[15:05] {GeoArb} yeah
[15:05] {GeoArb} as i opnly trade first half
[15:05] {GeoArb} will increase slowly
[15:05] {magoo} no..thats great..its 50k a yr
[15:05] {GeoArb} consistency over greed.... as i got greedy a few months ago
[15:05] {GeoArb} ok TY
[15:06] {GeoArb} crap exited early on ES
[15:06] {dino} trading is boxing geo, not a sprint
[15:06] {GeoArb} yeah.... watch you guys doing it everyday
[15:06] {GeoArb} its an inspiration
[15:06] {magoo} true dino..but more violent..like extreme kickboxing
[15:06] {dino} lol
[15:07] {GeoArb} okkkk
[15:07] {Threei} [14:49] {Threei} changing my opinion mags
[15:07] {Threei} [14:49] {Threei} explosion in cards
[15:07] {GeoArb} oy yes
[15:07] {GeoArb} vads an inspiration too
06[15:07] * GeoArb forgot
[15:07] {Threei} sigh
[15:08] {GeoArb} lol
06[15:08] * Threei is easily forgotten
[15:08] {hawkfan4} beauty call vad
[15:08] {Threei} :)
[15:08] {hawkfan4} notice i put "call" in there, to avoid any unnecessary trouting
[15:08] {Threei} I did
[15:08] {hawkfan4} :)
[15:08] {Threei} thank you
[15:08] {dino} vad's the animal
06[15:08] * magoo slaps Threei around a bit with a large trout
[15:08] {Threei} that's considerate
[15:08] {Threei} lol
[15:09] {GeoArb} sheesh
[15:09] {GeoArb} fires 3 miles from home
[15:09] {GeoArb} 118 and 210 closed chaeron
[15:11] {Chaeron} wow... I heard... let me know if anything in OC
[15:11] {dino} good luck geo, bad stuff
[15:11] {GeoArb} really windy today too
[15:11] {Chaeron} Geo - take care and let us know, ok?
[15:11] {GeoArb} TY
[15:12] {Chaeron} DCC Geo
[15:13] {dino} sm s cetv .50
[15:14] {Threei} Short Setup: RMBS .69
[15:14] {Threei} if stays under .75
[15:14] {Threei} just a scalp
[15:15] {dino} double bubble gum flying at me
[15:16] {Onix} in
[15:16] {GeoArb} me too
[15:17] {dino} rcrc
[15:19] {GeoArb} so vad.... wht was the setup here?
[15:19] {GeoArb} is
[15:19] {Threei} break of support on reversal
06[15:19] * Threei slaps laserdave1 around a bit with a large trout
[15:19] {GeoArb} ok got it
[15:20] {GeoArb} cant that be a pullback?
[15:20] {Threei} needs NQ reversal to help
[15:20] {Threei} doesn't look like getting it
[15:20] {dino} cetvv stopped
[15:23] {Threei} no worky RMBS
06[15:24] * laserdave1 slaps Threei around a bit with a large trout
06[15:24] * magoo slaps laserdave1 around a bit with a large trout
[15:24] {Threei} new highs we are headed for
[15:24] {magoo} fighting trend on that one vad
[15:24] {Threei} shrug
[15:24] {Threei} looked like reversal
06[15:24] * magoo slaps Threei around a bit with a large trout
[15:24] {Threei} 6 cents sto[
[15:25] {Threei} don't tell me it wasn't worth a try
06[15:25] * magoo slaps patience around a bit with a large trout
[15:25] {patience} magoosky!
[15:25] {Chaeron} not too nice to hit a lady, pardner.........
[15:25] {magoo} i no take..trend is my friend
[15:25] {Chaeron} (that was in my best John Wayne)
[15:25] {Threei} up 700 points
[15:25] {patience} it was pretty good
[15:26] {Threei} another day in the office
06[15:28] * laserdave1 slaps magoo around a bit with a large trout
06[15:28] * Chaeron slaps laserdave1 around a bit with a large trout
06[15:29] * magoo slaps Chaeron around a bit with a large trout
06[15:29] * Chaeron slaps magoo around a bit with a large trout
[15:29] {magoo} hey..what i do??
[15:29] {Chaeron} freakin' Three Stooges
06[15:30] * laserdave1 slaps Chaeron around a bit with a large trout
[15:31] {Threei} Obama's plan includes moratorium on home foreclosures
[15:32] {GeoArb} and no penalty on retirement withdrawals
[15:32] {Threei} that I don't care about
[15:32] {Chaeron} yeah...
[15:33] {cosmo} no taxes?
[15:33] {dino} yeah right, like thats going to happen
[15:33] {dino} just telling you what you want to hear
[15:33] {cosmo} zero cost basis
[15:33] {Chaeron} cosmo... can you say Democrat? :)
[15:33] {Threei} yeah... and can you say President?
[15:34] {cosmo} I've been putting that off...
[15:34] {Chaeron} I'll hold back on that
[15:34] {cosmo} both
[15:34] {Threei} voters hearing "no foreclosures"?
[15:34] {Threei} seals the deal
[15:35] {Chaeron} I'll top that... no car payments too
[15:35] {dino} i am simply saying they are all telling lies. they are just telling you what you want to hear
[15:35] {Threei} that'll come out after elction
[15:35] {cosmo} just ... rescue me
[15:36] {GeoArb} that sounds like madonna
[15:36] {cosmo} nice to see some of that 700 B working...
[15:38] {Threei} I believe we are to see another runup
[15:38] {Chaeron} give me a cheap long?
[15:38] {Threei} in ADBE, stop under .50
[15:39] {Threei} cheap... hmmm
[15:39] {Chaeron} in ADBE .65 thanks
[15:39] {cosmo} something up less than 10%, lets say...
[15:40] {Threei} ummm... ABTL
[15:40] {Chaeron} lol... ok... how about vygo?
[15:41] {Chaeron} just get that boot ready if needed for ADBE
[15:41] {dino} rcrc?
[15:41] {Threei} weak...
[15:42] {Threei} +750
[15:42] {Threei} +800 coming, IMO
[15:42] {magoo} RIMM?
[15:42] {Threei} as usual
[15:42] {Threei} will make new highs with market
[15:43] {Threei} or die with it
[15:46] {Threei} come on NQ, break 1400
[15:47] {Threei} {NQ} with all my pleasure
[15:48] {Threei} ummm... I meant break AND stay there
[15:48] {GeoArb} heheh
[15:50] {Threei} better now
[15:50] {Threei} your turn ADBE
[15:50] {Chaeron} and keep going.....
[15:50] {Threei} go toward 30
[15:50] {Threei} [15:42] {Threei} +800 coming, IMO
[15:51] {Threei} ADBE 1:1
[15:51] {magoo} nice vad
[15:52] {magoo} we were all so cordial today
[15:52] {Threei} disgusting really
[15:52] {Threei} cordial magoo
[15:52] {Threei} ewwww
[15:52] {GeoArb} lime cordial
[15:52] {magoo} complimenting each other..make magoo sick
[15:53] {Threei} I am right there with you
[15:53] {Threei} ADBER 1:2
[15:53] {Threei} out +.32
[15:54] {Chaeron} I took +0.28... many thanks (being cordial)
[15:54] {GeoArb} out on 3 NQ contracts
[15:54] {Threei} welcome (trying to match)
06[15:54] * GeoArb bein effusive
[15:54] {Threei} effuse this
06[15:54] * Threei slaps GeoArb around a bit with a large trout
[15:54] {GeoArb} no heat on stop at all
[15:54] {GeoArb} scaled in slowly
[15:55] {GeoArb} 1400 done for the day hehehehe
[15:55] {Chaeron} and under pressure of evacuation... nice
[15:55] {Threei} that's effusive
[15:55] {GeoArb} traded like its last day
[15:55] {GeoArb} lol
[15:56] {Threei} 850 on table
[15:56] {GeoArb} nq advantage that it gives 15 extra mins to close position
[15:56] {Threei} volume is till questionable
[15:56] {Threei} but heck
[15:56] {Threei} if we pull back, even better
[15:57] {GeoArb} HDB
[15:57] {Chaeron} I like reloading
[15:57] {GeoArb} maan
[15:57] {Threei} 880
[15:57] {GeoArb} this market
[15:57] {Threei} 900 coming
[15:57] {Threei} every day is history in the making
[15:58] {dino} clucky l2
[15:58] {dino} cluncky?
[15:58] {Threei} 902
[15:58] {Chaeron} cmon... do an even 1000
[15:58] {Threei} lol
[15:58] {Threei} in 2 minutes?
[15:58] {Chaeron} yeah... impress us
[15:58] {Threei} 940
[15:59] {GeoArb} AMAZZING
[15:59] {Threei} ADBE over 30
[15:59] {Threei} remember everything I told about how we will stop scalping one day?
[15:59] {hawkfan4} man o manishevitz
[15:59] {Threei} 960
[15:59] {Threei} you may just get it chaeron
[16:00] {Threei} 975
[16:00] {dino} out aacc .29, +.34
[16:00] {Threei} and pullback... ugh
[16:00] {Threei} 25 points shy
[16:00] {Threei} Ok guys
[16:00] {Threei} that was some day
[16:00] {Threei} thank you all
[16:00] {hawkfan4} thx vad, nite all
[16:00] {GeoArb} gret day
[16:00] {GeoArb} thanks vad
[16:01] {Threei} good to see we are on the right side of this crazy market so consistently
[16:01] {GeoArb} what can i say
[16:01] {GeoArb} you have great students
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {dino} so, we used to do 300 pts range, then 500 pt, the i left last week w/2 700 pt, and now today 900. ....
[16:02] {magoo} ty vad
[16:02] {Chaeron} Thanks Vad
[16:06] {dino} thx all

Friday, October 10, 2008

Oct 10 2008

Session Time: Fri Oct 10 00:00:00 2008

[07:54] {Threei} TED SPREAD WIDENS TO 435 BPS - HIGHEST ON RECORD
06[08:01] * Threei slaps magoo around a bit with a large trout
[08:01] {magoo} morning
[08:01] {Threei} hi :)
[08:01] {magoo} WOW he he
[08:01] {_xzap} morning Mag, Vad, Geo, et al
[08:01] {Threei} {--- still the fastest trigger in the wild west
[08:01] {Threei} zap :)
[08:03] {magoo} vad, u MUST have a theory here for today?what u thinking/
[08:03] {Threei} I think all the theories known to humankind are out of the window at this point
[08:04] {Threei} my attitude is kind of fatalistic:
[08:04] {Threei} it will be over when it will be over
[08:04] {Threei} I am grateful to be a day trader
[08:04] {Threei} to be highly liquid
[08:04] {Threei} to have freedom of staying away and limit my exposure to hunt and peck
[08:05] {Threei} which is what we do these days
[08:05] {Threei} while waiting for a time for bigger exposure to come
[08:05] {magoo} yes, but as a daytrader we need a working theme today..just a plan..it may not play out..but you are usually good with these
[08:05] {Threei} true but I come up with those only when drunk... and I am sober right now
[08:06] {magoo} big drop at open...bounce and crash into weekeend?
[08:06] {_xzap} early gap downs: CSIQ, ENER, SPWRA, RIMM,ORCL,QCOM, AMZN, AAUK, AAPL
[08:06] {Threei} can't tell for now mags... gotta observe the action
[08:06] {Threei} two currents clash here:
[08:07] {Threei} one is, extreme fear to hold into weekend, desire to keep exposure to a minimu,
[08:07] {Threei} and this one dictates your scenario
[08:07] {Threei} another is, fear to miss some extraordinaryu intervention undertaken by desperate authorities
[08:08] {_xzap} I have a feeling this will be another "black Friday" so to speak
[08:08] {Threei} who no doubt will burn the midnight oil throughout the weekend
[08:08] {Threei} so shorts will be just as scared
[08:08] {Threei} and some of money sitting on a sideline may decide to commit a little
[08:09] {Threei} which one wins?
[08:09] {Threei} TED spread looks beyond scary
[08:10] {_xzap} I was reading up on the LIBOR rate last night, what is it now Vad ?
[08:11] {Threei} gotta look it up... I don';t have direct quote
[08:11] {Threei} DELL hasn't made new low yesterday
[08:11] {Threei} NVDA barely did
[08:12] {_xzap} DELL new low right now, 12.92. Year low 13.23
[08:13] {Threei} GM
[08:13] {Threei} BANKRUPTCY PROTECTION 'IS NOT AN OPTION'
[08:13] {_xzap} The three-month London Interbank Offered Rate, known as Libor, hit 4.75% Thursday - its highest level since December 28. Libor stood at 2.81% one month ago.
[08:14] {_xzap} so if banks won't lend to each other overnight they sure aren't lending to anyone
[08:16] {_xzap} 10:25 GW to speak
[08:16] {_xzap} I predict a selloff at 10:26
[08:16] {magoo} btw, morn xzap geodp:)
[08:17] {Threei} I would start at 10:24
[08:17] {_xzap} morning Mag
[08:19] {_xzap} the TICK closed @ -1198 y'day
[08:23] {Threei} grabbed some DELL at 13 for possible scalp
[08:24] {_xzap} EBAY gap down, new year low 15.11
[08:25] {Threei} MS dipped under 10... mama mia
[08:25] {Threei} so... does the world end?
[08:25] {Threei} Raven...?
[08:27] {_xzap} this is hard to believe.. DRYS new year low right now 18.05. Year high was131.34
[08:28] {Threei} a lot of prices are of "is it a bad dream" kind
[08:28] {Threei} -400 DOW days become just another day at the office
[08:28] {Threei} only -600 makes you look
[08:28] {_xzap} it can't be too long before these stocks start getting at least nibbled at
[08:29] {Threei} i am sure they started
[08:29] {Threei} first little drips of accumulation had their place already
[08:29] {Raven} dunno ... my cable is out so I can't listen to the wisdom from the hyperventilating news people
[08:29] {magoo} wouldn't long mutual funds find value down here?
[08:29] {Threei} just not much commitment, little nibble here and there
[08:29] {Threei} BALTIC DRY BULK INDEX -11%; THE LOWEST SINCE 1985
[08:30] {Threei} ugh Raven
[08:30] {Raven} lol
[08:30] {Threei} you know we look up to you when it comes to the end of the world
[08:30] {Threei} UG TRADE BALANCE: -$59.1B V -$59.0BE
[08:30] {Threei} - Prior revised from -$62.2B to -$61.3B
[08:30] {Raven} hey ... this is just your average once-in-a-century market crash
[08:30] {Raven} that's all
[08:31] {Threei} SEPT IMPORT PRICE INDEX M/M:-3.0 % V -2.8%E; Y/Y: 14.5% V 12.2%E
[08:31] {Threei} - Prior MoM revised from -3.7% to -2.6%
[08:31] {Threei} - Prior YoY revised from 16.0% to 18.7 %
[08:31] {hawkfan4} morning
[08:31] {Threei} hawk :)
[08:32] {Threei} true Raven, but you have more experience with ends of the world
[08:32] {Threei} MS
[08:32] {Threei} CONFIRMS IMMATERIAL EXPOSURE TO LEHMAN
[08:32] {Threei} immaterial?
[08:33] {_xzap} hi hawk
[08:33] {_xzap} SPWRB gap down
[08:34] {Raven} the difference 3i ... this time ... is the existence of derivatives and the fact that the stock market is overshadowed by the international credit issues
[08:34] {_xzap} Japan's Nikkei dropped 9.6% and Hong Kong's Hang Seng fell 7.2%.
[08:34] {Raven} so nobody has a clue what will happen
[08:34] {Threei} so, unlike other times, it IS the end?
[08:35] {Raven} no ... it'll just require MASSIVE federal intervention
[08:35] {Raven} worldwide
[08:36] {Threei} gosh... they already injected so much
[08:36] {Threei} and nothing seems to stop bleeding
[08:36] {_xzap} The long-term credit ratings of Goldman Sachs (GS) and Morgan Stanley (MS) are on review for a possible downgrade at Moody's, according to Reuters.com.
[08:37] {Raven} they obviously have not done enough yet
[08:37] {Threei} I am trying to understand this:
[08:37] {Threei} they haven't done enough yet
[08:37] {Threei} or
[08:38] {Threei} they mostly have, and it's just a lack of confidence and sheer panic that continues driving markets lower
[08:38] {Threei} I understand no one knows
[08:38] {Threei} just trying to get a feel
[08:38] {Raven} yes ... it is panic ... which is why more needs to be done and FAST
[08:39] {Raven} they can't keep farting around
[08:39] {_xzap} from what I understand, the infusion of $$ from the Fed isn't working YET because no real plan has been laid out and and implemented
[08:39] {Raven} exactly
[08:39] {_xzap} The biggest issue is see is TRUST
[08:40] {Raven} it'll take some time to develop a plan to buy the toxic assets
[08:40] {_xzap} there is no trust
[08:40] {Raven} so step in and recapitalize some banks ... NOW
[08:40] {_xzap} even though the Fed is throwing all this money into the mkt, people want to see it actually in action
[08:41] {_xzap} BTW, hi Raven, we haven't met
[08:41] {Raven} ACTION is the key word
[08:41] {Threei} MS 9
[08:42] {_xzap} another thing that will really help is to see some CEO's and executives in cuffs. Someone HAS to go to prison
[08:42] {Raven} well, good morning xzap :)
[08:42] {Threei} my first vote would be Fuld
[08:43] {Raven} lol ... at this point blame is not terribly important
[08:43] {Raven} and ... damn few of the guilty will suffer
[08:43] {_xzap} but somebody will go to prison before it's all over
[08:44] {Raven} somebody will ... but hundreds won't
[08:44] {Raven} thousands
[08:44] {Raven} ?
[08:44] {Raven} and nobody in Washington will suffer one whit
[08:45] {Threei} Mitsubishi would better hurry
[08:46] {Threei} MS seems to be on a birnk of repeating LEH fate
[08:49] {_xzap} coffee anyone [ ]}
[08:49] {Threei} black please
[08:49] {magoo} just cream
[08:52] {Threei} dumped DELL back -8 cents
[08:54] {hawkfan4} oil 82.60, break out the s.u.v's
[08:54] {Threei} never put mine on bricks
[08:55] {_xzap} JOYG gap down
[08:56] {_xzap} top gap downs right now: SPWRB, CSIQ, JOYG, ENER, FWLT, ADBE, BUCY, DRYS
[08:56] {peterg} morning all
[08:57] {peterg} Krugman in NY Times says this weekend all the world finance folks have a chance to coordinate actions.
[08:57] {Threei} peter :)
[08:57] {peterg} If they don't he thinks chaos and fear deepen, widen.
[08:57] {_xzap} hi peter
[08:57] {peterg} z!
[08:59] {peterg} Is there a way to capture and print parts of this discussion, or dcc's?
[08:59] {Threei} sure
[08:59] {peterg} ?
[08:59] {Threei} right click on the button in the upper bar with the name of the channel
[08:59] {Threei} #discussions for this channel,
[09:00] {Threei} or name of your counterpart in dcc,
[09:00] {Threei} Logging
[09:00] {Threei} check it to turn it on,
[09:00] {Threei} then look for the look in your folder containing this mirc
[09:01] {Threei} look for the log that was
[09:02] {Threei} if you want some particular part of conversation, simply copy it by highlighting, and paste into text editori
[09:03] {peterg} thks
[09:07] {peterg} Sorry to drive you nuts with bolts, how highlight and paste?
[09:07] {GeoArb} gm
[09:07] {peterg} Can you do it into the discussion itself?
[09:07] {Threei} just point on the text, press and hold left mouse button, drag across the text so it highlights,
[09:07] {patience} oil into 70's
[09:07] {patience} gm rt :)
[09:07] {Threei} then let go and paste into text editor
[09:08] {Threei} patience :)
[09:08] {Threei} already? I still see it at 83
[09:08] {patience} i just saw it dip in 79
[09:08] {patience} and back up again
[09:08] {_xzap} hi patience
[09:08] {Threei} I suspect my oil quotes are lagging
[09:08] {hawkfan4} 80.20 now
[09:08] {patience} good morning zap :)
[09:08] {Threei} where do you monityor it?
[09:09] {patience} live on bnn
[09:09] {Threei} oh
[09:09] {patience} sorry, nov contract
[09:09] {hawkfan4} under 80 now
[09:09] {patience} but at this rate we might hit the 60 mark by noon (kidding)
[09:09] {Threei} lol
[09:09] {hawkfan4} lol
[09:09] {_xzap} I see ECL oil for Nov @ 81.61 right now
[09:10] {Threei} well, since it's at 80 or lower, I have no further read on it
[09:10] {Threei} had this target ever since 135 or so
[09:10] {patience} you were right, i was wrong
[09:10] {peterg} OK, thanks, where is text editor?
[09:11] {Threei} I'd prefer Pickens to tekll me that and send half of billion or so
[09:11] {Threei} ummm... peter...
[09:11] {peterg} yes?
[09:11] {peterg} is that found through the earlier instructions.?
[09:11] {peterg} if so ill go back & study further
[09:11] {Threei} Word... notepad... wordpad... whatever you have :)
[09:11] {peterg} gotcha
[09:12] {_xzap} RBOB = Nov 1.8980
[09:13] {Onix} Good morning all
[09:14] {Threei} onix :)
[09:14] {_xzap} hi Onix
[09:17] {ese} morning
[09:17] {Onix} welcome back Raven
[09:18] {Threei} back?
[09:19] {Threei} he never went anywhere
[09:20] {Onix} how come I did not notice him earlier during the week?
[09:20] {_xzap} ECL oil Nov. 79.91
[09:20] {cosmo} bird flew?
[09:20] {Threei} ummm... you never looked?
[09:20] {_xzap} DJ Infosys In Talks With Two Cos For Possible Buy - CEO
[09:21] {Onix} have to get my eye-glasses checked :)
[09:24] {ese} Ok I'll say it again.......good morning.....hope everyone realises that esemde is now ese....somehow got shortened with my change in computors.....
[09:24] {_xzap} Infosys 2Q Net Up 30%; Cuts FY Dlr Rev Guidance
[09:24] {_xzap} hi ese
[09:24] {ese} zap...
[09:25] {_xzap} BANGALORE (Dow Jones)--Infosys Technologies Ltd. (500209.BY) posted a 30% rise in its fiscal second-quarter consolidated net profit Friday, but sharply lowered its revenue expectations in dollar terms, indicating a worse-than-expected fallout from the U.S. financial crisis.
[09:25] {dptl} good morning all
[09:25] {_xzap} dp
[09:26] {Raven} bird flew ... rofl cosmo :)
[09:26] {ese} morning dp.....no one is saying good morning today except
[09:26] {ese} zap
[09:26] {_xzap} Vad, do you like ENER at 31 for a bounce?
[09:26] {Onix} hi dp
[09:27] {Threei} ese, dp :)
[09:27] {dptl} :)
[09:27] {Threei} 31?
[09:27] {Onix} hi ese
[09:27] {Threei} it's 50 cents away
[09:27] {_xzap} yes it is
[09:28] {ese} onix
[09:28] {_xzap} let me rephrase, how about we watch it for a bounce, it's held 31 in pm
[09:29] {Threei} it's a very thin stock mving in big incerements
[09:29] {Threei} there is no way to tell exact price in advance, this kind has rather fuzzy areas, not exact levels
[09:30] {Threei} see?
[09:30] {_xzap} yep
[09:30] {Threei} dollar and half drop in one gasp
[09:31] {_xzap} u was korect
[09:33] {magoo} we down 400?
[09:33] {Threei} 413
[09:33] {Threei} for the starters, eh?
[09:34] {magoo} man-0-man
[09:34] {magoo} 79 oil
[09:34] {dptl} no 395
[09:34] {_xzap} Spot gold $908, S&P 868
[09:34] {peterg} its like the scene in the submarine where it goes lower and lower and it starts to creak with occasional rivet popping
[09:35] {Threei} Short Setup: MS 9 break small shares
[09:35] {magoo} dino just switched to nat gas lol
[09:35] {peterg} riveting
[09:35] {Threei} VIX VOLATILITY INDEX REACHES NEW HIGH AT 67.66
[09:35] {Threei} stop/invalidating level above .30
[09:36] {magoo} sh ms
[09:36] {_xzap} in 8.98
[09:37] {Threei} -717
[09:37] {Threei} mama mia
[09:37] {hawkfan4} my charts must be off, i have dow down 691 now
[09:37] {magoo} just an ave day vad
[09:37] {Threei} half out MS8.83
[09:37] {magoo} me too
[09:37] {Threei} stop to 8.05
[09:38] {Onix} 9.05?
[09:38] {Threei} yes
[09:38] {Threei} -527
[09:39] {GeoArb} vad on laser I am using $DJI
[09:39] {GeoArb} its usually off
[09:39] {Threei} me too
[09:39] {GeoArb} ok
[09:39] {Threei} off?
[09:39] {Threei} vs what?
[09:39] {GeoArb} what you type
[09:39] {GeoArb} must be the lag
[09:39] {Onix} ty Vad, i took 20c in MS
[09:40] {Threei} welcome
[09:40] {Threei} it justy changes very fast geo
[09:40] {Threei} huge bounce
[09:42] {Threei} DELL jumped up dollar and half
[09:42] {Threei} watching pullback
[09:43] {Threei} if it dives to 13 great
[09:43] {Threei} if holding .50 and NQ spikes upward, gotta just take it here
[09:45] {Threei} .51 long now
[09:45] {Threei} if holding abopve .40
[09:46] {Threei} all trades are half lot for now
[09:46] {magoo} shit really?
[09:49] {Threei} half out DELL .69
[09:49] {Threei} scalpers just take profit
[09:50] {Threei} stop .45 for the balance
[09:51] {Threei} watching ADBE for entry
[09:52] {Threei} that was fast
[09:52] {magoo} missed
[09:52] {Threei} took .13, exited .46, but got fill for just 300 shares
[09:53] {Threei} too soon...
[09:53] {Threei} out DELL balance
[09:55] {Threei} -150 DJI
[09:55] {Threei} -225
[09:55] {Threei} lol
[09:56] {Threei} I don't think I saw such volatility
[09:56] {Threei} ever
[09:57] {Raven} VIX never been higher
[09:58] {Raven} the old VIX was higher in 1987 though ... I think
[09:58] {Raven} they changed the indes many moons ago
[09:58] {cosmo} they use the sun now
[09:58] {Threei} yeah, not comparable really
[09:59] {Raven} right cosmo
[09:59] {cosmo} :)
[09:59] {cosmo} solars
[09:59] {ese} most of my screens are turning green......
[09:59] {Raven} the "ancients" used the sun too
[09:59] {ese} stocks have had enough it seems
[10:00] {Threei} stop spraying green paint on the monitors ese!
[10:00] {Threei} it won't be easy to scratch it off
[10:00] {peterg} are we approaching the magic moment when smart money enters?
[10:00] {Threei} every day
[10:00] {ese} damm your ight...how'd that happen
[10:00] {Threei} closer and closer
[10:00] {Threei} round two... DELL .51 long
[10:00] {Threei} half lot!
[10:01] {ese} some of it already has peter
[10:01] {Threei} stop under .35
[10:01] {Threei} take scalp here or offer .90
[10:01] {Threei} your choice
[10:02] {Threei} hit .91
[10:02] {peterg} out at .80, +.35
[10:02] {Threei} wtg
[10:02] {peterg} thks vad
[10:02] {Threei} welcome sir
[10:03] {Threei} any money made today is to be framed and put on a wall
[10:03] {GeoArb} was going to say missed as it was at .55
[10:03] {GeoArb} lol
[10:03] {Threei} hmm?
[10:03] {GeoArb} .55 didnt chase
[10:03] {Threei} it was .49 when I posted alert
[10:03] {GeoArb} hmm i say .54
[10:03] {GeoArb} saw
[10:04] {GeoArb} so didnt chase... oh well
[10:04] {GeoArb} fast market :)
[10:05] {magoo} hide ARCA laser users message
[10:05] {magoo} i just did
[10:05] {Threei} magoo's right... ARCA bid might have fooled you Geo
[10:05] {GeoArb} how do you hide magoo?
[10:05] {Threei} verify with T&S prints
[10:05] {Threei} or hide it
[10:05] {magoo} rt click chaert
[10:05] {magoo} 3rd from top
[10:06] {magoo} ARB
[10:06] {magoo} add ok
[10:06] {Threei} I jujst switched servers and ARCA seems fine
[10:06] {magoo} mine was off
[10:06] {GeoArb} thanks
[10:06] {GeoArb} which server
[10:06] {Threei} but during such fast markets it's always a good uidea to use T&S for verification when you see overalp
[10:06] {Threei} overlap
[10:06] {cosmo} green...green...
[10:07] {cosmo} for now...
[10:07] {Threei} NASDAQ went green
[10:07] {hawkfan4} dow too
[10:07] {Threei} DJI about to
[10:07] {Threei} yup, green
[10:08] {dptl} can't believe this
[10:08] {Threei} never seen anything like this
[10:08] {Threei} over 700 points range?
[10:08] {Threei} come on
[10:09] {peterg} what, never jumped out of airplane before?
[10:09] {Threei} even dino would have dropped his jaw
[10:09] {Threei} boy is he missing huge fun
[10:09] {Onix} totally amazing!
[10:11] {Threei} Long Setup: UAUA .81 if stays above .70
[10:14] {Chaeron} hi all... enjoying the ride?
[10:14] {Threei} hey Chaeron
[10:18] {Threei} ADMIN7 --} (All): Quotes have been reinitialized for ARCA and BATS. Should be ok now.
[10:18] {GeoArb} in UAUA
[10:18] {dptl} l uaua.82
[10:20] {Onix} in UAUA @ .82
06[10:21] * Threei is kicking UAUA in the rear with steel toed heavy duty army boots
[10:22] {Threei} REPORTEDLY THE US BANKING INDUSTRY WILL HOLD A CONFERENCE CALL WITH THE WHITE HOUSE AT 2:30PM ET
[10:22] {Onix} ty
[10:22] {Threei} TREASURY SEC PAULSON: THERE IS PLENTY OF WORK LEFT TO BE DONE ON MARKET REGULATION, CRISIS SHOWS THE NEED FOR REGULATORY REFORM
[10:22] {magoo} are my quotes good? uaua .76
[10:22] {GeoArb} yes
[10:22] {magoo} ty
[10:25] {Threei} Prez on TV
[10:25] {Chaeron} shucks
[10:26] {Threei} rarely good for markets
[10:26] {Onix} giving us lots of hope hey?
[10:26] {Threei} PRESIDENT BUSH: THIS HAS BEEN A DEEPLY UNSETTLING TIME FOR THE US, THE GOVT IS ACTING AND WILL CONTINUE TO ACT TO RESTORE CONFIDENCE AND STABILITY
[10:27] {Threei} market responds with immediate downticks
[10:27] {magoo} always with bush
[10:28] {Threei} hmmm
[10:33] {dptl} offering .96 uaua
[10:34] {GeoArb} prev high?
[10:34] {Threei} I likme how it held
[10:34] {Threei} erratic market
[10:34] {dptl} just below geo
[10:34] {Threei} so it doesn't move in a clean manner, and sure took its sweet time
[10:34] {GeoArb} .96 is high in my laser
[10:34] {dptl} .97
[10:34] {Threei} .97, geo
[10:35] {Threei} 9:44 candle
[10:35] {GeoArb} ok now i am worried
[10:35] {GeoArb} i know
[10:35] {GeoArb} i just clicked it to check
[10:35] {Threei} worried about what?
[10:35] {GeoArb} high .96 low .74 on that candle
[10:35] {GeoArb} worried about qotes
[10:36] {Threei} when you press and hold 9:44 candle on 1 min,
[10:36] {GeoArb} thats what i did
[10:36] {Threei} black pop-up window shows you high, low etc
[10:36] {Threei} you see .96 high on it?
[10:36] {GeoArb} yes :(
[10:36] {Threei} try today on daily, check high there
[10:37] {GeoArb} .96
[10:37] {GeoArb} on daily too
[10:37] {Threei} ok, that's weird
[10:37] {GeoArb} using chart 2
[10:37] {Threei} try to switch and check again?
[10:38] {GeoArb} what you using?
[10:38] {Threei} 1
[10:39] {GeoArb} switched to one
[10:39] {GeoArb} .97 on min and daily now
[10:39] {GeoArb} wrd
[10:41] {GeoArb} sheesh -330 again
[10:41] {Threei} no one even blinks about anything less than -500 anymore geo
[10:41] {GeoArb} true
[10:42] {Threei} round 3 DELL
[10:42] {Threei} .52 long with stop under .40
[10:42] {Threei} invalidated
[10:43] {Threei} WHITE HOUSE: THERE ARE NO PLANS TO INTERVENE IN US MARKETS
[10:43] {GeoArb} what??
[10:43] {GeoArb} what have they done till now?
[10:43] {Threei} {US MARKETS} oh you want to be that way?
[10:44] {dptl} stopped uaua
[10:45] {Onix} stopped uaua
[10:45] {GeoArb} y
[10:47] {Threei} WHITE HOUSE: REPORTEDLY NOTES THAT THERE ARE NO PLANS TO INTERVENE IN US MARKETS
[10:47] {Threei} - Comments appear in response to Italian PM Berlusconi's suggestion that world leaders might suspend markets.
[10:47] {Threei} oh boy
[10:47] {GeoArb} whats that guy thinking saying stuff like that
[10:47] {Threei} yeah, let's suspend markets, scare the bejezus out of everyone
[10:47] {GeoArb} either do it or dont
[10:47] {Chaeron} he was short before he made the comment.....
[10:48] {Threei} so when you open them, total liquidation takes place in a matter of one hour
[10:48] {GeoArb} typical italian agitation
[10:49] {GeoArb} lol chaeron
[10:50] {Threei} OK, that was disgusting gesture by UAUA
[10:50] {GeoArb} yeah phone call worthy
[10:51] {Threei} ADBE
[10:51] {Threei} haf lot long 27.05
[10:51] {Threei} stop under .90
[10:53] {Threei} market weakens, canceling buying mini-breaks for now
[10:55] {Threei} either bounuces or shorting support breaks
[10:56] {Threei} Short Setup: DELL .34
[10:56] {Threei} stop above .50
[10:59] {Threei} SEC EVALUATING FURTHER ACTIONS TO ASSIST SECURITIES, INCREASING CONFIDENCE
[10:59] {Threei} should be easy to do
[10:59] {Threei} forbid selling
[10:59] {_xzap} I just did something VERY stupid and got away with it
[10:59] {GeoArb} ?
[11:00] {_xzap} I shorted MS @ 8.99, entered cover at 8.75 I thought. I actually entered $8. I let it get awat from and rode it up til$11.29 and just got out at $(
[11:01] {_xzap} I don't drink or smoke and I need both
[11:01] {_xzap} out @ $9 Imeant
[11:01] {_xzap} LOL, I can't even type
[11:01] {magoo} out ADBE .21 TY vad
[11:02] {Threei} whewre did you get in?
[11:02] {magoo} .89
[11:02] {Threei} nice
[11:02] {magoo} fl
[11:04] {_xzap} and I missed all those good calls by Mr. Vad
[11:05] {Threei} well, that was quite a shock
[11:05] {Threei} you got really lucky
[11:05] {_xzap} Very lucky
[11:05] {Threei} as for missing my calls... seemed to me it was the case for you whole wekk, lol
[11:05] {magoo} l rimm here ,15
[11:06] {Threei} if you followed them with just 100 shares, this week would have already paid for couple months of mebership at least
[11:06] {Threei} now, anyone knows what "wekk" is?
[11:07] {magoo} stopped
[11:07] {GeoArb} when the week is wrekked
[11:07] {Chaeron} lol
[11:07] {Threei} mags, I would stay away from RIMM/AAPL/BIDU kind right now
[11:07] {Threei} they are relatively easy only where we get a trend
[11:07] {Threei} and market is completely shapeless rifght now
[11:07] {hawkfan4} wekk. to do something you dont wany anyone else to see you do ...
[11:07] {GeoArb} i am watching ES
[11:08] {GeoArb} it seems to be jumping a few points easy
[11:08] {Threei} lol... you guys
[11:09] {Threei} DELL 1:1
[11:09] {GeoArb} out half .21
[11:09] {Threei} feel free to cover in full or partial
[11:10] {Threei} really can't tell which is preferrable
[11:10] {Threei} erratic market, anything can happen any minute
[11:10] {Threei} so act according to your personal objectives and risk tolerance
[11:10] {Threei} now zap... did you take DELL short?
[11:11] {Threei} or it triggered while you still were sweating out that MS trade?
[11:11] {GeoArb} today's money is frameable truely
[11:11] {Threei} 1:2 DELL almost
[11:11] {Threei} today's and Monday's
[11:11] {GeoArb} yeah
[11:11] {Threei} 1:2 DELL wihtout almost
[11:11] {Threei} is it right grammar?
[11:12] {GeoArb} i bet there are a lot of brokers today who will have execution issues
[11:12] {Threei} no doubt
[11:12] {Threei} Laser handles these things incredibly graciously
[11:12] {dptl} ty dell +.17
[11:12] {Threei} :)
06[11:12] * Threei slaps Chaeron around a bit with a large trout
[11:12] {GeoArb} i think they are the only retail broker i know
[11:13] {GeoArb} who has nasdaq platinum cert
[11:13] {Chaeron} why?
[11:13] {Threei} yes
[11:13] {Threei} two reasons chaeron
[11:13] {Threei} first, because you apparently missed DELL short
[11:13] {Threei} and second, because I generally like slapping people
[11:13] {GeoArb} he missed?
[11:14] {Threei} that's what I am trying to find out
[11:14] {Threei} now, magoo calls me mean
[11:14] {Threei} but don't believe that
[11:14] {Chaeron} 1) I took at 13.35 short... got a call and had to run away for a sec and took a 0.16 loss
[11:14] {Threei} I am very mean
[11:14] {Chaeron} had to
[11:14] {Threei} .16?
[11:14] {Threei} I am lost
[11:14] {GeoArb} sheesh.... how did vad know
[11:15] {Threei} .16 is 13.51
[11:15] {Threei} it never went there
[11:15] {_xzap} no Vad, I missed DELL. Trying to compose myself
[11:15] {Chaeron} oh... sorry that was another trade. I lost 0.08
[11:15] {Threei} ok zap, for give me but I just have to do this
06[11:15] * Threei slaps _xzap around a bit with a large trout
[11:15] {Chaeron} 13.43 fill
[11:15] {_xzap} I knew that was coming !
06[11:15] * GeoArb is counting his money and thanking vadster
[11:15] {Threei} cut that phone cord
[11:16] {Chaeron} I know
[11:16] {Chaeron} not happy... had same thing on uaua
[11:17] {Threei} well, UAUA got eventually stopped fair and square
[11:17] {Chaeron} I feel better... thanks
[11:17] {Threei} but DELL delivered
[11:17] {Chaeron} I know... made it twice as bad
[11:19] {GeoArb} chaeron dcc
[11:19] {Threei} geo, what to know
[11:19] {Threei} chaeron is one of usually reporting
[11:19] {Threei} stock goes to 1:2, he is silent - I assume he missed
[11:19] {GeoArb} lol
[11:23] {Threei} ok, this was completely unreadable in DELL
[11:23] {GeoArb} wrd
[11:24] {Threei} I suspected .50 should serve as resistance for short but saw a downward move as quite limited and not worth the entry
[11:28] {GeoArb} market has become a little less volatile me thinks
[11:39] {Threei} feels like small upward move is coming
[11:39] {Threei} maybe good for a little scalp, hardly more
[11:39] {ese} what makes you feel that vad?
[11:39] {GeoArb} whose ese?
[11:39] {Threei} just a look of NQ chart
[11:40] {ese} esemde....my new computor cut my handle short for some reason
[11:40] {GeoArb} lol
[11:40] {GeoArb} just reinstall mirc and chose it again
[11:40] {GeoArb} it happenned to me in a laptop too
[11:41] {ese} naw........I like the short version ...everyone was using that before anyway
[11:41] {Threei} hehe
[11:41] {Threei} we tend to simplify things
[11:41] {Threei} ever seen anyone calling geo geoarb?
[11:41] {ese} now thats interesting geo
[11:41] {GeoArb} i was just thinking that
[11:41] {ese} nope
[11:41] {Threei} or hawk hawkan4?
[11:42] {GeoArb} uhhhu
[11:42] {GeoArb} but youre lord vader
[11:42] {Threei} hck, we shorted even 4 letter nicks... dptl?? :)
[11:42] {GeoArb} i even heard MR vad today
[11:42] {ese} he is when he's into vodka
[11:42] {Chaeron} heeeeeeeyyyyyyyyyyyy.......... essssssse.........
[11:43] {ese} CCCCCCCHHHHHHHHH baby!!!!!!!!!!!!
[11:43] {Threei} see NQ?
[11:43] {ese} hows it goin man?
[11:43] {Threei} small upward... was good for like 6-7 cents DELL
[11:43] {Threei} and right back down
[11:44] {ese} market feels tired to me..........
[11:44] {ese} can only draw so much blood from a stone
[11:44] {patience} we may be tired of relentless downdraft but margin clerks aren't
[11:44] {Threei} main question now is,
[11:45] {Threei} will we get this almost traditional now eod selloff
[11:45] {ese} probably right patience
[11:45] {magoo} one difference vad
[11:45] {Threei} or will market change its ways and kill those who become too complacent in following the recent pattern
[11:45] {magoo} we are down.,..not up
[11:45] {Threei} true mags
[11:45] {Threei} but huge upward thrust kind of canceled that
[11:46] {magoo} we are down 372 now
[11:46] {Threei} and yeah... margin clerks... ow many envelops they still have to slap a stamp on and drop in the mailbox...
[11:47] {GeoArb} i thought they called?
[11:47] {GeoArb} well i wouldnt know
[11:47] {Threei} e-mailed I'd guess?
[11:48] {_xzap} Short DRYS under 16.8 ?
[11:48] {Threei} it's 60 cents from there
[11:48] {_xzap} I know
[11:48] {Threei} so, it's impossible to answer without knowing HOW it gets there
[11:49] {Threei} imagine it dropping sharply into 16.80
[11:49] {Threei} in one big swoop
[11:49] {Threei} would ou shoet it?
[11:49] {_xzap} no
[11:49] {Threei} now,
[11:49] {Threei} if it slides slowly
[11:49] {Threei} consolidates a little
[11:49] {Threei} then breaks,
[11:49] {Threei} would you?
[11:49] {_xzap} yes
[11:49] {Threei} there you go
[11:50] {Threei} price alone is not the answer
[11:50] {_xzap} I try to look ahead and set some trend lines to watch
[11:50] {Threei} the way stock is trading is necessary to cmplete the picture
[11:52] {_xzap} Short JOYG under 27.78 ?
[11:57] {Threei} -530 DJI
[11:57] {Threei} BOHICA?
[11:57] {patience} tsx -524
[11:59] {Threei} (GE) GERMAN GOVT SPOKESMAN: NO POLITICAL DECISIONS HAVE BEEN MADE REGARDING A FINANCIAL BAILOUT PACKAGE YET
[12:00] {Threei} come on Germany, get wit the program... everyone else is throwing three-generations money at the roblem, why don't you
[12:04] {hawkfan4} NQ 1230, stop 1224, small
[12:08] {GeoArb} hawq you trading nq on laser?
[12:08] {hawkfan4} no, ib
[12:08] {GeoArb} okkk my buddy :)
[12:08] {hawkfan4} :)
[12:09] {GeoArb} ib direct or something like brackettrader etc?
[12:10] {hawkfan4} just direct, don't use the bells and whistles much
[12:10] {GeoArb} ok
[12:13] {Threei} Long Setup: MS . break
[12:13] {ese} gone for the weekend all....didn't do much this week but it was an interesting watch.......thanks for your insights into all of this Vad.......Have a great thanksgiving all!!!!
[12:13] {Threei} 8 break
[12:13] {Threei} stop under .80
[12:14] {Threei} take care ese, have a great weekend
[12:15] {Chaeron} dang... too fast
[12:15] {Threei} 8.02 in
[12:15] {magoo} .99
[12:16] {Threei} half out .19
[12:16] {Threei} scalpers know what to do
[12:17] {magoo} out .33 TY
[12:17] {Threei} out in full .37
[12:17] {Threei} welcome
[12:17] {Chaeron} nice job guys
[12:17] {_xzap} Very good call Vad
[12:17] {Threei} it retreatd after initial spike chaeron
[12:18] {Threei} I got filled on a pullback
[12:18] {Threei} ty zap
[12:18] {Chaeron} not far enough... felt like chasing at .05
[12:18] {Chaeron} and didn't see lower
[12:18] {Threei} 8.02 it filled me
[12:18] {_xzap} 500 shares Vad?
[12:18] {GeoArb} thanks guys....off to dayjob
[12:18] {Threei} wanted 1000, got 600
[12:18] {Threei} take care geo
[12:18] {Chaeron} I hit limit on 8.01 right when I saw 8's evaporating, but not fast enuf
[12:19] {_xzap} see ya Geo
[12:19] {Threei} 1 cent is probably too tight
[12:19] {Chaeron} bye Geo
[12:19] {Chaeron} yeah
[12:19] {Chaeron} next one
[12:19] {Threei} I'd give it 3
[12:19] {Threei} on half lot, 5
[12:19] {Threei} but whatever
[12:19] {Threei} it's just one trade
[12:20] {_xzap} GM reaffirming they don't need b'ruptcy protection. I bet they file within 2 weeks
[12:21] {Threei} CNBC'S LIESMAN: TALKS ARE CURRENTLY ONGOING IN WASHINGTON REGARDING CAPITAL INJECTIONS INTO MAJOR BANKS
[12:21] {Threei} - Program will be lead by the Treasury, in consultation with the Fed and the White House.
[12:21] {Threei} - The current idea is to make a term sheet injection available to all banks.
[12:21] {Threei} - The timing of the injections remains unclear at this point.
[12:21] {hawkfan4} lol xzap
[12:22] {_xzap} watch them Hawk, I swear I bet they file
[12:22] {Threei} zap... are you willing to short GM on that assumption?
[12:22] {_xzap} nope
[12:23] {_xzap} Long CSIQ here Vad ?
[12:24] {Threei} .20, if holding above 11 and if NQ breaks higher
[12:24] {Threei} and smallshares
[12:24] {Threei} NQ drops
[12:25] {Threei} watch if it's holding above 11
[12:26] {_xzap} NQ dropping
[12:27] {_xzap} broke .11 so no go, korect?
[12:27] {Threei} 11
[12:27] {Threei} not .11
[12:32] {laserdave1} hello all
[12:32] {laserdave1} magoo dcc please
06[12:32] * Threei slaps laserdave1 around a bit with a large trout
06[12:33] * Chaeron slaps laserdave1 around a bit with a large trout
[12:36] {_xzap} hi laser
[12:36] {Threei} greens... no single word over a course of whole week... give us a sign you a live person, not an internet bot :)
[12:37] {Threei} (although I do understand that as bunch we may not inspire people very much to communicate with us)
[12:37] {_greens} just watching for now.
[12:37] {Threei} :)
[12:38] {Threei} don't heistate to ask if got any questions
[12:38] {Threei} ivac
[12:38] {_greens} ok
[12:38] {Threei} nevermind IVAC, wrong window
[12:38] {Threei} just surfing through charts
[12:48] {Threei} scary call
[12:48] {Threei} small shares
[12:48] {Threei} PRU
[12:48] {Threei} long off .50
[12:48] {Threei} stop under .40
[12:49] {Threei} if loses it don't touch it
[12:49] {Threei} use NQ as idicator for entry
[12:50] {Threei} invalidated
[12:51] {Threei} if NQ turns sharply up, .50 break will be a play again
[12:51] {Threei} .51 actaully, big offer there
[12:52] {Threei} CNBC: FORD IS NOT CONTEMPLATING BANKRUPTCY
[12:53] {Threei} stop under .30 PRU if you went for it
[12:53] {Threei} no worky
[12:54] {_xzap} Question Vad..
[12:55] {_xzap} I have the futures feed but not charts. Is the #COMP.Q as good as indicator as NQ ?
[12:55] {Threei} I'd prefer QQQQ then
[12:55] {_xzap} k
[12:57] {_xzap} looks like oil might close under $81 today
[12:58] {_xzap} oil down $40, still paying $4 gal for gas
[12:59] {peterg} more like $3 here
[13:01] {Chaeron} what's $/bbl today?
[13:01] {hawkfan4} oil trading 79.80
[13:04] {Chaeron} thanks
[13:04] {Threei} thinking of cornering oil market chaeron?
[13:04] {Chaeron} naaaa
[13:04] {Chaeron} water market.... think about it
[13:05] {Threei} not until I find the way to remotely control taps in every house over North America
[13:06] {Threei} when anyone wanting a glass of water from tap has to insert credit card so I unlock his tap - that's when I corner it
[13:07] {_xzap} Chaeron } I've been watching water for about a year now: http://stockcharts.com/h-sc/ui?s=$HHO&p=D&yr=1&mn=0&dy=0&id=p41882001531&a=145385954
[13:10] {hawkfan4} 13:07 ICE IntercontinentalExchange failed to settle all US trades Thursday - DJ (70.62 +1.87)
[13:10] {hawkfan4} dropping like a rock
[13:11] {Threei} I am not sure I understsand the meaning of this hawk
[13:11] {Threei} saw the news but can't quite place it
[13:11] {hawkfan4} me either
[13:11] {_xzap} wow
[13:12] {Threei} ICE
[13:12] {Threei} MOVES LOWER AFTTER REPORTS THAT THE EXCHANGE WAS UNABLE TO SETTLE ANY TRADES YESTERDAY
[13:12] {Threei} {CME NYX NDAQ IDC GFIG LSE.UK }
[13:12] {_xzap} bounce play ?
[13:14] {Threei} I don't want even to touch this animal
[13:14] {Threei} you see spread?
[13:14] {Threei} levels and sizes?
[13:14] {Threei} ca you control risk on it?
[13:14] {hawkfan4} yeah, way too dangerous. plus don't know what that news means. could be disasterous
[13:15] {hawkfan4} could be nothing
[13:15] {_xzap} going at the ask
[13:16] {Threei} are you ready to buy the ask and find yourself down anywhere from 30 to 70 cents on the spread alone zap?
[13:16] {_xzap} nope
[13:16] {Threei} G7 COMMUNIQUE WILL REPORTEDLY NOTE THAT BANK WITH SYSTEMIC RISK WILL BE ALLOWED TO FAIL; ECHOING EUROPEAN MINISTER'S COMMENTS OF PAST FEW DAYS
[13:22] {_xzap} DJ CORRECT: ICE Settled Trades Thursday, But Processing Delayed
[13:24] {Threei} lol
[13:25] {Threei} reminds me old joke of Soviet times, one from famous Armenian radio series
[13:25] {Threei} Armenian radio is asked,
[13:25] {Threei} whetehr it's tru that academic Ambartsumjan won a car in lottery
[13:26] {Threei} radio's answer:
[13:26] {Threei} first, it was not academic Ambartsumjan but agrotechnic Abramjan,
[13:26] {Threei} second, it was not a lottery but cards,
[13:26] {Threei} third, it was not a car but three roubles,
[13:26] {Threei} forth, he lost, not won
[13:26] {Threei} the rest is true
[13:27] {_xzap} lol
[13:27] {hawkfan4} :)
[13:27] {_xzap} I wonder how many people got shook out of ICE
[13:28] {_xzap} now it's building sup @ 68.5 Vad, res is 70.25, where do we get in ?
[13:29] {Threei} we don't
[13:30] {Threei} you chose to ignore my point about about impossibility to control risk on this stock?
[13:30] {_xzap} nope, just wanted to hear your answer
[13:30] {Threei} you mean wanted to hear me repeating it
[13:30] {_xzap} yeah, wanted to hear your accent
[13:31] {Threei} OK, what does the room think... does it warrant the inevitable?
[13:31] {_xzap} oh Gosh
[13:31] {hawkfan4} get ready
[13:31] {_xzap} here it comes
[13:31] {Threei} yup
[13:31] {Threei} wait...
[13:31] {Threei} wait...
[13:31] {Threei} wait...
06[13:31] * Threei slaps _xzap around a bit with a large trout
[13:31] {Threei} there
[13:31] {_xzap} lol
[13:31] {_xzap} you are pretty cool Vad
[13:32] {Threei} {--- good at building the supsense
[13:32] {_xzap} but it did run from 68.5 to 70 :)
[13:32] {Threei} uhhu
[13:32] {Threei} and if they said, "yeah, we can't settle ytrades from now on"
[13:33] {_xzap} I really belive in trend lines, sup & res & Fib's
[13:33] {Threei} you would have lost 10 points before you even finish reading the headline
[13:33] {Threei} zap... here is one comment that, if this is the only thing you take from us, will cost more than any other advice you ever hear
[13:33] {Threei} risk evaluation comes first. Profit evaluation comes second
[13:34] {_xzap} ok, makes sense
[13:34] {Threei} Amatuers get elated by profit potential. Pros ger retsrained by risk potential.
[13:34] {_xzap} that's why I came here, to learn from you
[13:35] {_xzap} now watch it roll over, do we short it ?
[13:35] {Threei} that does it
06[13:35] * Threei slaps _xzap around a bit with a large trout
[13:35] {_xzap} lol
06[13:35] * Threei slaps _xzap around a bit with a large trout
06[13:35] * Threei slaps _xzap around a bit with a large trout
[13:35] {Threei} good day today... not only I am in the money, but I had an opportunity to slap not one, not two... but three people
[13:36] {_xzap} at least you could use fresh trout
[13:36] {Threei} one of them three times
[13:36] {Threei} what kind of fun would that be??
[13:36] {_xzap} gettin' pretty close to the 7's on the Dow
[13:37] {Threei} well, we were there in the morning
[13:37] {Threei} so, kind of developed tolerance for it :)
[13:37] {_xzap} I might change my bottom from 7500 to 7100
[13:38] {Threei} so far, it look eerily like yesterday
[13:38] {Threei} or before yesterday
[13:38] {Threei} preparing for big flush
[13:38] {Threei} if you believe in it, QID is your simplest way to trade it
[13:39] {_xzap} it's gonna be at least a week or more before the Fed can get that money in the system
[13:39] {_xzap} we can easily lose another 1000 in a week
[13:40] {_xzap} like playing the SD backwards Vad?
[13:40] {_xzap} SDS
[13:40] {Threei} same idea
[13:40] {Threei} ultrashort
[13:41] {_xzap} looking at it now
[13:41] {_xzap} see ya'll after dinner
[13:43] {Threei} this QID pullback most liely
[13:44] {GeoArb} dinner?
[13:44] {GeoArb} what time zone
[13:44] {Threei} I wonder myself
[13:44] {Threei} too .15 QID
[13:44] {GeoArb} so we have economists sayiing close the market till banks become capitalized
[13:44] {Threei} took
[13:44] {GeoArb} heard on radio
[13:45] {Threei} stop under 90
[13:45] {Threei} half out .60
[13:45] {Threei} out in full .95
[13:45] {Threei} +.80?
[13:46] {Chaeron} beauty
[13:48] {Threei} BOHICA
[13:48] {Threei} anyone did any QID
[13:48] {Threei} ?
[13:49] {Chaeron} I only saw after you were half out... sorry :(
[13:49] {GeoArb} still firing up platform at work :(
[13:49] {Chaeron} but *I'm* happy for you
[13:49] {GeoArb} me too
[13:49] {Threei} -615
[13:51] {Threei} VIX VOLATILITY INDEX MOVES ABOVE 75
[13:51] {_xzap} Eastern time zone... Dinner = lunch, breakfast, dinner, supper
[13:52] {Threei} lol
[13:52] {GeoArb} ahh
[13:52] {_xzap} country boy
[13:57] {Threei} SLW
[13:57] {Threei} mama mia
[13:58] {_xzap} G&S # 1 losing sector right now
[13:59] {Threei} what the heck happened to gold
[13:59] {Threei} silver, OK, that I understand
[13:59] {patience} euro banks selling to raise cash
[13:59] {Threei} but gold
[13:59] {patience} saudis are buying
[13:59] {Threei} bounce on lower volume, NQ
[14:00] {Threei} watch if new wave of acceleerating selling hits
[14:00] {Threei} QID will be good for another point at least
[14:02] {Threei} anyone went for 91?
[14:03] {_xzap} i wanted to but TRIN fell back
[14:04] {hawkfan4} playing the nq, scalping
[14:04] {Threei} same thing...
[14:04] {Threei} you know... "we have tockets to, umm, Ballbreaker"
[14:04] {Threei} "what?? maybe Nutcracker??"
[14:05] {Threei} "yeah... same thing, same thing"
[14:05] {hawkfan4} lol, definitely funnier after i figured out what "tockets" was :)
[14:05] {Threei} oh, this is simple... look at the letters around mistyped one...
[14:06] {_xzap} Now Vad I know you don't use indicators, but my indicators say the QID is oversold and building sup @ 89.50
[14:06] {Threei} to figure out the substitute :)
[14:06] {Threei} lost it fast
[14:06] {_xzap} won't this be a good bounce when the TRIN rises
[14:06] {Threei} zap, QID is not really independently traded thing
[14:07] {Threei} look at it
[14:07] {Threei} one buck under support you just mentionesd
[14:07] {Threei} I mean buck and half
[14:07] {_xzap} that's why I wait for a few candles to build sup
[14:07] {Threei} QID is simply market follower in reverse
[14:10] {Threei} LEHMAN CDS AUCTION RESULTS: $0.08625/DOLLAR V $0.0975 PRIOR
[14:10] {Threei} is it 8 cents for dolar?
[14:10] {_xzap} that's how I read it
[14:11] {Threei} yeah... I just can't believe I read it rigfht :)
[14:11] {_xzap} maybe they had a $440,000 party
[14:11] {Threei} what??
[14:11] {Threei} WB
[14:11] {Threei} UPDATE: RATING RAISED AT S&P TO A+ FROM BBB-; ON WATCH POSITIVE
[14:11] {Threei} OK... now iff we close green, I will have seen everything
[14:13] {_xzap} are we buying WB above5.03 ?
[14:13] {Threei} ah come on
[14:14] {Threei} big jump SLW
[14:17] {_xzap} are we watching the QID for the afternoon sell off ?
[14:17] {Threei} [13:38] {Threei} so far, it look eerily like yesterday
[14:17] {Threei} [13:38] {Threei} or before yesterday
[14:17] {Threei} [13:38] {Threei} preparing for big flush
[14:17] {Threei} [13:38] {Threei} if you believe in it, QID is your simplest way to trade it
[14:18] {hawkfan4} you watching WB vad?
[14:18] {Threei} I think I better stay away from it
[14:19] {Threei} considering its werid situation between C and WFC
[14:19] {hawkfan4} ah, gotcha, thx
[14:19] {Threei} I don't understand even why it trades at all
[14:19] {GeoArb} didnt c withdraw
[14:19] {GeoArb} and is suing
[14:20] {Threei} withdraw?
[14:20] {GeoArb} from nego
[14:20] {Threei} last I heard they divide the carcass
[14:20] {Threei} and discuss what parts for what cost go to whom
[14:20] {Threei} maybe I missed some development
[14:20] {magoo} vad..my usual question
[14:21] {GeoArb} nope
[14:21] {Threei} too soon mags
[14:21] {hawkfan4} 09-Oct-08 22:02 ET In Play After Hours Summary: WB +31% (Citi confirms the co ended negotiations with Wells Fargo on Wachovia Transaction
[14:21] {Threei} hmmm
[14:21] {GeoArb} citi is petulant
[14:21] {Threei} what is it suing for then?
[14:22] {Threei} and who? :)
[14:22] {GeoArb} wachovia for breach
[14:22] {GeoArb} 60 bill
[14:22] {GeoArb} i think
[14:22] {Threei} ok... I am in wrong business
[14:23] {_xzap} INFY moving up
[14:25] {_xzap} LEAP at day's low
[14:26] {_xzap} Vad } DRYS setting up for short ?
[14:27] {GeoArb} bad timing but hehhehehehe http://www.msnbc.msn.com/id/27113959/
[14:28] {magoo} vad any new news RIMM?
[14:29] {Threei} no on RIMM
[14:30] {_xzap} LEAP short ?
[14:30] {Threei} DRYS mirros market right now
[14:30] {Threei} same for LEAP
[14:31] {Threei} market goes for new lows, so do they
[14:34] {Onix} anyone in the green for the day and/or for the week?
[14:35] {Threei} hmmm... I am
[14:35] {Threei} but then again, I followed all my calls
[14:36] {Onix} i am -200 for today
[14:36] {Threei} how??
[14:36] {GeoArb} +65 here
[14:36] {GeoArb} only took morning one
[14:36] {GeoArb} s
[14:37] {GeoArb} and made some mistakes
[14:37] {Onix} got caught in PRU and UAUA
[14:37] {peterg} how about double shorting MS, thought I was covering. Got out with skin intact but no joy
[14:37] {GeoArb} 11:35] {Threei} hmmm... I am
[14:37] {GeoArb} [11:35] {Threei} but then again, I followed all my calls
[14:37] {GeoArb} was that a dig on xzap
[14:37] {GeoArb} ?
[14:38] {Threei} even with those Onix... winning calls cover them with a lot of overhead
[14:38] {_xzap} LEAP losing whole number
[14:39] {Onix} just wish i could trade all day already ... have this other job to take care of :)
[14:42] {Threei} NQ break of 1200 should serve as final signal for another eod flush
[14:42] {Onix} and taking stops still present a challenge that MUST be overcome!
[14:43] {peterg} Onix, I understand your sentiment, but sometimes it is nice to have the day job to go to--refreshing, different, and somewhat reliable.
[14:43] {_xzap} I sold my business to day trade full time
[14:44] {Onix} fortunately, my day-job is totally reliable, but with trading, i still have a LONGGGG way to go!
[14:44] {GeoArb} i i share the stop pain onix
[14:44] {GeoArb} getting slowly better
[14:44] {peterg} oh yeah
[14:44] {Onix} you mean there is light at the end of this dark tunnel?
[14:44] {GeoArb} now i use OMS module for stops a lot
[14:44] {GeoArb} as mechanical works better for me
[14:45] {peterg} works well?
[14:45] {GeoArb} sometimes i hesitate to punch out
[14:45] {GeoArb} on my own
[14:45] {peterg} ofcourse
[14:45] {GeoArb} there is some spread as its on pc not at broker
[14:45] {GeoArb} still better then me holding em :)
[14:45] {peterg} !!
[14:46] {Onix} i think i need to study Genesi Laser in more detail to find out if i can use hard stops
[14:46] {GeoArb} it exits
[14:46] {GeoArb} menu - modules - OMS
[14:47] {Onix} got it ... and then?
[14:47] {GeoArb} i can give ya a tour after close or on DCC if you want
[14:47] {Threei} click third button from the left
[14:47] {Threei} Add a new order
[14:47] {Threei} enter your oaramteres
[14:47] {Threei} click OK
[14:48] {Threei} click green triangle to activate it
[14:48] {_xzap} QID starting to make a nice lil pullback
[14:48] {GeoArb} "green triangle"
[14:48] {GeoArb} play button !!!
[14:49] {Onix} thanks, will give it a try
[14:49] {Threei} hmm... is my scanner broken} been a hwile since I've seen alert "new 52 week high"
[14:50] {GeoArb} nope... seeing mostly lows
[14:50] {Onix} roflol
[14:50] {Threei} thank you Onix
[14:50] {Threei} at least one person here gets my, undoubtedly questionable, humor
[14:52] {Chaeron} *crickets chirping*
[14:52] {Chaeron} :)
[14:52] {Threei} yeah yeah
[14:53] {Threei} gold 859?
[14:54] {_xzap} spot 841
[14:54] {Threei} wow... crashed
[14:54] {Threei} CAD got literally killed today
[14:54] {_xzap} gotta pay those margin calls
[14:54] {Threei} good thing for us canuckie traders
[14:54] {Threei} onix... dp... 1.2!
[14:54] {Chaeron} hmmmm someone in this room said something about all commodities crashing about a month or two ago... now let's ee.... who was it... V.. or thr.. something like that
06[14:55] * Threei tries hard to look humble...
[14:55] {Chaeron} lol
[14:55] {Onix} 1.2?
[14:55] {Threei} YSD/CAD
[14:56] {Threei} USD
[14:56] {Threei} USD/CAD REACHES ABOVE$1.2075
[14:57] {patience} i totally understand why our canadian dollar is falling
[14:57] {Onix} glad i don't have to convert any CAD today to USD
[14:57] {GeoArb} why?
[14:57] {patience} we have surpluses each year in our budget
[14:57] {patience} we totally fund our social security for generations ahead
[14:57] {patience} our real estate is still appreciating
[14:57] {_xzap} I've got a cpl of loonies around here somewhere
[14:57] {Threei} I was a happy elephant when it's was 1.6
[14:57] {patience} our employment keeps climbing
[14:57] {Threei} for each 1K I made trading I was getting 1,600 canadian
[14:57] {patience} we are ranked number one in the world for having solid banks
[14:58] {_xzap} and you can go topless in Canada !!
[14:58] {GeoArb} happy elephant
[14:58] {patience} of course, how do you think i am dressed now xzap
[14:58] {GeoArb} okkkkk
[14:58] {Threei} zap, not in the winter in Manitoba
[14:58] {_xzap} Oh Lord
06[14:58] * Chaeron closes eyes and blushes deeply
[14:58] {patience} i am wearing an apron though
[14:58] {Chaeron} mmmmmmm cookies????
[14:59] {patience} yup
[14:59] {_xzap} (.)(.) Summer (@)(@) Winter
[14:59] {patience} you are funnny xzap, haven't seen that before
06[14:59] * GeoArb closes his kids eyes
[14:59] {Threei} and sabre?
[14:59] {Chaeron} cookies.... *I* have my priorities straight
[15:00] {Threei} looking at MS, can;'t help but think
[15:00] {Threei} does it get nationalized over this weekend?
[15:00] {Chaeron} about cookies?
[15:00] {Threei} lol
[15:00] {Threei} or sold to GS
[15:01] {_xzap} LEAP still breaking down
[15:01] {GeoArb} mayyybe
[15:01] {GeoArb} thats why C got out of wachovia
[15:01] {Threei} something isn't as always today re: close selloff
[15:02] {Threei} less and lkess looks like we are going to get it
[15:02] {laserdave1} biggest move up ever in the history of the stock market today?
[15:02] {laserdave1} off of the bottom?
[15:02] {Threei} I believe so dave
[15:02] {GeoArb} hey dave
[15:02] {laserdave1} hey guys
[15:02] {Threei} about 800 points DJI
[15:02] {laserdave1} its been seeting up for this
[15:02] {laserdave1} ya its possible
[15:02] {laserdave1} hold on to your pants
[15:02] {Threei} yeah, but then we went down 600 :)
[15:02] {laserdave1} i know
[15:02] {laserdave1} i thought it was coming yesterday
[15:03] {_xzap} TRIN has been sideways for a while. Waiting on 3:15
[15:03] {magoo} dcc
[15:03] {magoo} dave
[15:04] {_xzap} CNBC: Sources say up tick rule NOT coming back
[15:04] {Threei} good
[15:04] {hawkfan4} amen
[15:04] {_xzap} that short sell ban really worked !
[15:04] {Threei} it's been meaningloess anyway ever since we switched to decimals
[15:04] {Chaeron} Shoot.... Mother's Cookies just closed their doors.... no more of those pink and white circus cookies
[15:04] {GeoArb} really?
[15:04] {Chaeron} I'm not kidding
[15:05] {_xzap} NQ holding around 1220
[15:06] {_xzap} #1 sector: Regional Banks Bottom sector: Gold & Silver
[15:06] {Threei} world turned upside down
[15:06] {Threei} how the heck during such crisis gold goes down but banks go up :)
[15:07] {_xzap} I know some goldbugs who are hurt bad
[15:07] {Onix} how much we learn every day!
[15:08] {Threei} about goldbugs and ladybugs in aprons?
[15:08] {_xzap} hee hee
[15:08] {patience} patience checks pocket in apron
[15:08] {Onix} that too
[15:08] {Threei} for a brick to throw at me?
[15:08] {patience} nope, another theory for gold going down right
[15:08] {patience} now
[15:08] {_xzap} pasties
[15:08] {patience} gold leases
[15:09] {patience} have been leased and leased and leased
[15:09] {laserdave1} now lets do this
[15:09] {patience} with no physical backing them up
[15:09] {laserdave1} look at chart market
[15:09] {Threei} why not... who can really control that
[15:09] {Threei} OK guys... let's look for a long candidate
[15:09] {Threei} feels like we might get contrarian move today
[15:10] {Threei} short the close seems to become too customary
[15:10] {Threei} half lots, OK?
[15:10] {Threei} don't go crazy
[15:10] {Chaeron} awwwwwwwwwwww
[15:10] {_xzap} I just can't see people going long on Friday
[15:10] {Threei} risk is horrifically high
[15:10] {Threei} ADBE, .50 break
[15:11] {laserdave1} well i find it hard to hold a short over weekend
[15:11] {laserdave1} if u are short
[15:11] {laserdave1} u r up massive
[15:11] {laserdave1} risk reward
[15:11] {laserdave1} long all the way baby
06[15:11] * GeoArb in .51
[15:11] {Threei} stop under .30
[15:11] {Threei} half out .65
[15:12] {Threei} offer the rest .80
[15:12] {Threei} out
[15:12] {_xzap} good call Vad
[15:12] {Threei} yeah, I have my moments
[15:12] {Onix} ty Vad, i got 25c on 100sh
[15:13] {Threei} good
[15:13] {Threei} geo, out?
[15:13] {Threei} zap, took it?
[15:13] {_xzap} missed it
[15:13] {GeoArb} out but early
[15:13] {GeoArb} scalped
[15:13] {Threei} it gave ample time for entry...
[15:14] {GeoArb} all out .70
[15:14] {_xzap} I know
[15:14] {Threei} fine
[15:14] {Threei} nothing wrong with scalping during such nervous times
[15:14] {GeoArb} in office... someone came in punched out lol
[15:14] {GeoArb} TY vad
[15:14] {Threei} see how fast it gave it all back?
[15:14] {GeoArb} ahhh money going into the weekend
[15:19] {Threei} giant squeeze may be in cards
[15:19] {_xzap} bid small lot of QID @ 83
[15:19] {Threei} or was it squid I was thinking about
[15:20] {Threei} 24 NATIONS HAVE REPORTEDLY COME TOGETHER IN REQUESTS FOR AN ENCOMPASSING RESPONSE TO MARKET TURMOIL
[15:20] {patience} paulson rules 24 central banks?
[15:21] {Threei} he is da king
[15:21] {_xzap} in QID 83
[15:21] {Threei} why zap?
[15:22] {Threei} get out while you have a chance
[15:22] {_xzap} 50 shares w/1 point stop
[15:22] {Threei} it's not about number of shares... it's about trading right
[15:23] {Threei} this entry does not make sense to me
[15:23] {Threei} ADBE works well to utilize these spikes NQ
[15:23] {Threei} just too fast for me to alert each of them
[15:23] {_xzap} out 83.6
[15:24] {Threei} got lucky
[15:24] {_xzap} i know
[15:24] {Threei} second time today
[15:24] {Threei} take it as a trading god's message:
[15:24] {Threei} we let you off easy for now,
[15:24] {Threei} but man, learn the profession
[15:24] {dptl} whuuuu...what a day.....just got positive for the day:)
[15:24] {Threei} on what dp?
[15:25] {dptl} cbg,
[15:25] {dptl} and some on ng
[15:26] {Onix} ty Vad, got 51c ADBE on 200sh
[15:27] {Threei} hah
[15:27] {Threei} someone almost got even for tha day
[15:27] {Onix} $34 to go
[15:27] {Onix} green
[15:28] {Threei} it's not easy to go green
[15:28] {Threei} we know that from recent discussions of carbon tax
[15:28] {_xzap} $INDU is making a heck of a hammer, today might be the day
[15:28] {Threei} told ya
[15:28] {Onix} will have to vote for the green party?
[15:29] {Threei} 15:09] {Threei} feels like we might get contrarian move today
[15:29] {Threei} [15:10] {Threei} short the close seems to become too customary
[15:29] {dptl} heh green again....can't beleive that
[15:29] {Threei} [15:19] {Threei} giant squeeze may be in cards
[15:29] {Threei} take a look at QID zap
[15:29] {Threei} they really let you out
[15:29] {_xzap} watching ti now
[15:30] {_xzap} watching it for 79
[15:30] {Threei} this kind of squeeze can go in a straight line
[15:30] {Threei} not taking any prisoners
[15:30] {Threei} watch this squeeze guys... this is sign of things to come when we finally have bottom in
[15:30] {Threei} it will be as relentless as selling was, possible more
[15:31] {patience} not alot of market time left, assume majority would be after hours. what do you think vad
[15:31] {Threei} quite possibly..
[15:31] {Threei} I am not playing after market today
[15:32] {Threei} this week satisfied my trading appettite fully
[15:32] {Threei} twice over]
[15:33] {Threei} did we just get frikin 500 points drive on Dow?
[15:33] {Threei} lol
[15:33] {Threei} and not done yet
[15:34] {dptl} crazy:)
[15:34] {Threei} next break is coming
[15:34] {GeoArb} amazing day
[15:34] {patience} totally amazing week
[15:34] {Threei} grabbed another ADBE scalp
[15:34] {Threei} sorry guys, not calling those, too fast
[15:35] {Threei} ether you can read them on your own or sit it out
[15:35] {laserdave1} yesssssssssssssssssssssssssssssssssssssssssssssss
[15:35] {Threei} zap, don't tell me you went into QID at 79
[15:35] {_xzap} lol
[15:35] {_xzap} just watching it
[15:35] {GeoArb} dav?
[15:36] {Threei} DJI
[15:36] {Threei} +270
[15:36] {GeoArb} ammmmazing
[15:36] {GeoArb} gonna remember this week
[15:37] {Threei} don't tell me you weren't alerted
06[15:37] * GeoArb bows to lord vader
06[15:37] * Threei tries hard to look modest
[15:37] {GeoArb} you in apron too vad?
06[15:37] * Threei acknowledges it's unnatural stance for him
[15:38] {Threei} ok, back out of fuirther longs here
[15:38] {Threei} let market look what it did
[15:38] {Threei} it needs some navel gazing
[15:38] {GeoArb} hehehe wsj headline cant keep up
[15:38] {dptl} :)
[15:39] {_xzap} I wanted to say it's been a pleasure being here this week Vad, et al
[15:39] {Threei} you guys realize we have over 1000 points swing today?
[15:39] {laserdave1} ya i said today might be biggest mover ever off of bottom in history of trading
[15:39] {Threei} you know where to find us when you decide we offer valuable education, zap
[15:40] {_xzap} I thought it was a 60 day free trial
[15:40] {Threei} uhhu
[15:40] {_xzap} or until the Dow was at 10000
06[15:40] * GeoArb want to sign up for that too
[15:40] {Threei} I may be modest... but not self-denigrating to such degree
[15:40] {_xzap} lol
[15:40] {Threei} look at selling now
[15:41] {_xzap} we still have 290 mins
[15:41] {Threei} timely wqarning to withold longs?
[15:41] {_xzap} 20
[15:41] {Threei} -110
[15:41] {GeoArb} the best offer i hope to get is good sheesh kababs if i am in victoris :)
[15:41] {Threei} rofl
[15:41] {laserdave1} qqqq just dropped 1.20
[15:41] {hawkfan4} mama mia
[15:41] {GeoArb} ig i didnt know better i would have thought the ticker is broken
[15:41] {Threei} ADBE lost buck and half in a fdew shakes of a lamb tail
[15:42] {_xzap} QIS jsut shot up 5.5 points
[15:42] {_xzap} QID
[15:42] {Threei} shot up in cards now
[15:43] {_xzap} that hammer doesn't look so good now
[15:44] {Threei} ADBE is up 40 cents from the moment I said up
[15:44] {Threei} better trade than stare at hammers :)
[15:45] {_xzap} I don't like to trade after 3:30
[15:45] {Threei} matter of taste... I don't like looking at hammers, drills or saws at any time of the day... call me not very handy :(
[15:45] {_xzap} lol
[15:46] {dptl} lol
[15:46] {hawkfan4} if i had a hammer, i'd hammer in the morning...
[15:46] {Threei} and about 60 days trial... zap, don't tell me calls you saw here during this week are not worth 300 a month
[15:47] {Threei} you hate your neighbors so much hawk?
[15:47] {_xzap} Yes they are Vad, our styles are so different tho
[15:47] {_xzap} but I will probably give you a month's try at least :)
[15:47] {hawkfan4} lol
[15:47] {Threei} does yours make money?
[15:48] {peterg} vive l'difference!
[15:48] {Threei} 'cause if not - that's where they differ {G}
[15:48] {patience} vad, i new the apron comment would make the difference :)
[15:48] {_xzap} yes it does
[15:48] {Threei} lol patience
[15:48] {_xzap} lol patience
[15:48] {Threei} if does, why do you need anyone's help at all
[15:48] {_xzap} for conformation
[15:49] {Threei} what better confirmation than profits
[15:49] {Threei} that's the confirmation from the market itself
[15:49] {_xzap} I started studying day trading in Jauary and made some VERY costly mistakes, I'm very gun shy
[15:49] {Threei} so it doesn't make money
[15:49] {Threei} sorry but you contradict yourself :)
[15:49] {_xzap} I haven't made the same mistakes
[15:50] {_xzap} I'm just not making what I want
[15:50] {_xzap} so I have searched the net over for a good trading room to help me build my confidence
[15:51] {Threei} 10 min lweft... I'll take any more trades only if something extraordinary happens
[15:51] {Threei} and in today's terms extraordinary woluld mean probably 1500 points drop
[15:52] {GeoArb} the best thing hat happenned to me all week
[15:52] {GeoArb} my in laws left
[15:52] {Threei} rofl
[15:52] {Threei} come on
[15:52] {Threei} you made money today
[15:52] {GeoArb} come on vad
[15:52] {GeoArb} some things are more imp than money
[15:52] {Threei} OK... when it comes to in-laws, I'll give it to you
[15:53] {Threei} it's priceless
[15:53] {GeoArb} hehehe
[15:53] {GeoArb} i think the damage he did in the garden itself is worth a couple of grand
[15:53] {GeoArb} lol
[15:53] {Threei} lol
[15:53] {Threei} what did he do, rolled in daliahs
[15:54] {GeoArb} i told my gardner to wait for a month till he leaves.... and then redo
[15:54] {GeoArb} no he dug up everything and planted a veg garden
[15:54] {peterg} He wants you to have enough food
[15:54] {GeoArb} I AM NOT GOING TO GROW MELONS!!!!!
[15:54] {dptl} lol
[15:55] {GeoArb} good day vad..... got 150 even though missed a lot of calls
[15:55] {Threei} :)
[15:55] {Threei} 14:11] {Threei} OK... now if we close green, I will have seen everything
[15:56] {Threei} we may close red but we went to green into over 200
[15:56] {Threei} I HAVE seen everything now
[15:57] {dptl} yeh it will be hard to surprize me anymore after this week:)
[15:57] {Threei} yeah... dialog with your grandkids:
[15:57] {Threei} look, green elephants are flying in the sky!!
[15:58] {Threei} you: yeah... so what... I saw Oct 10 2008
[15:58] {dptl} lol
[15:59] {peterg} 30 sec
[15:59] {peterg} holding red
[16:00] {patience} glad the work week is done
[16:00] {_xzap} see you guys & gals later :)
[16:00] {peterg} abbsoluto
[16:00] {peterg} by zap
[16:00] {peterg} hope to see you again
[16:00] {Threei} ok guys
[16:00] {Threei} thank you for keeping me company this week
[16:00] {Threei} have a great weekend
[16:00] {hawkfan4} cya all
[16:00] {peterg} quite thew week
[16:00] {Threei} see you all on Monday
[16:00] {patience} tuesday
[16:01] {peterg} Monday
[16:01] {dptl} have a good weekend all:)
[16:01] {peterg} candada holiday
[16:01] {patience} sigh

Thursday, October 9, 2008

Oct 09 2008

Session Time: Thu Oct 09 00:00:00 2008

[08:00] {magoo} jhuhffhfhfg
[08:01] {_xzap} Canadian Solar Signs 2009 Sales Contract With Systaic Of Germany And Announces European Sales To Date
[08:01] {_xzap} hi magoo
[08:02] {magoo} xzap:)
[08:14] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:14] {Threei} - Expectations for initial claims are 475K v prior release of 497K.
[08:14] {Threei} - Continuing claims seen at 3.608M v prior 3.591M.
[08:14] {Threei} good morning
[08:15] {_xzap} howdy Vad
[08:15] {magoo} morn vad. was there any news for that ENER sell off at bell?
[08:16] {Threei} don't see anything
[08:20] {_xzap} 52 week lows, Vol }1M, Y'day's vol 150% above avg, AAPL, ADBE,AMZN,BUCY,CENX,MSFT,INTC,ORCL,DRYS,JOYG
[08:22] {_xzap} These are just a few notable names from a list of 577
[08:23] {esemde} good morning....
[08:23] {_xzap} ENER gap up 2.12 so far this am
[08:24] {_xzap} hi ese
[08:24] {esemde} zap......
[08:25] {Threei} ese :)
[08:25] {magoo} ese:)
[08:25] {Threei} RANIAN OIL MIN CONFIRMS OPEC MEETING IN NOV
[08:26] {Threei} they are so concerned with falling oil price... as if under 100 is unacceptable low
[08:26] {Threei} many years it traded way lower and they still were the richest nations
[08:27] {Threei} now anything under 100 is too low for them
[08:28] {_xzap} Vad, do you think Q3 earnings misses (I'm assuming a lot miss) are already priced in the mkt?
[08:29] {Threei} on a large scale, I think it either is, or it just won't be a major driving factor
[08:29] {Threei} on company by company basis it could matter
[08:29] {Threei} overall, greater concerns should overtake
[08:30] {Threei} everyone knows economy is slow
[08:30] {Threei} so low earnings won't be of any surprise
[08:30] {Threei} INITIAL CLIAMS: 478K V 475KE; CONTINUING CLAIMS: 3.659M V 3.608ME
[08:30] {Threei} - Prior Initial Jobless Claims from 497K to 498K
[08:30] {Threei} - Prior Continuing Claims revised from 3.591M to 3.M
[08:31] {Threei} look
[08:31] {Threei} market didn't even blink
[08:31] {magoo} meaning?
[08:31] {Threei} bad jobless numbers
[08:31] {Threei} no drop
[08:32] {Threei} tells you something?
[08:32] {magoo} what?
[08:32] {Threei} OK, I'll oblige
06[08:32] * Threei slaps magoo around a bit with a large trout
[08:34] {esemde} Vad i'm trying to log onto the trading room from my new macbook but it won't accept my user and password
[08:35] {Threei} there is no track of connection attempt ese
[08:35] {Threei} it doesn't go to our server
[08:35] {esemde} tried yesterday.....
[08:35] {Threei} what time?
[08:35] {Threei} roughly
[08:36] {esemde} somewhere between 6:30 and 7
[08:36] {Threei} let me look
[08:36] {Threei} wrong username
[08:36] {Threei} I see connect attempt by ese
[08:37] {esemde} dcc please
[08:37] {_xzap} 52 week lows that are gapping up this am: AAPL, AMZN, ORCL, DRYS
[08:41] {_xzap} hi patience
[08:41] {_xzap} hi Geo
[08:41] {patience} good morning guys :)
[08:42] {ese} hi all....this is a check from my new macbook pro
[08:42] {magoo} patience,geo:)
[08:42] {ese} patience
[08:42] {ese} mags
[08:42] {brian3579} gm all
[08:42] {Threei} macbook tend to shorten people's names
[08:42] {Threei} brian :)
[08:43] {ese} hmmmmm it does indeed....works for me
[08:43] {_xzap} hi brian
[08:43] {brian3579} gm
[08:44] {_xzap} futures look good so far
[08:44] {ese} patience.....you having a feild day with interest rte contracts
[08:47] {patience} sorry ese, not following you
[08:49] {ese} are you playing interest rate options/contracts
[08:49] {ese} interest rate futures
[08:51] {patience} not at all, are you?
[08:52] {ese} no......but it would have been a no brainer the other day.....
[08:54] {Onix} good morning al
[08:54] {Threei} onix :)
[08:54] {patience} ah, that would account for it....if it were an easy trade...i missed it.. :)
[08:55] {ese} me as well....
[08:56] {_xzap} gm Onix
[08:58] {_xzap} Top gap ups so far: QSFT, AAUK, CSIQ, ENER, DRYS, BRCM, RIMM, AAPL. Some of these are also at 52 week lows on above avg vol.
[09:06] {Onix} most financials running this morning
[09:06] {cosmo} but they cant hide...
[09:06] {dptl} good morning all
[09:06] {Onix} gm dp
[09:07] {Threei} dp :)
[09:11] {magoo} (:pd
[09:15] {dptl} :)
[09:17] {Threei} COIN
[09:17] {Threei} SIGNS STRATEGIC DEAL WITH WASTE MANAGEMENT FIRM UNITED TRUCKING
[09:17] {Threei} - COIN and United Trucking Inc. of Mount Laurel, New Jersey have agreed to cooperate in the collection, processing and conversion of food waste from United Trucking food service clients.
[09:17] {Threei} - Financial terms were not disclosed.
[09:17] {Onix} is Monday US holiday as well? ...Thanksgiving in Canada
[09:18] {Threei} no
[09:18] {_xzap} Quest Software Inc. (QSFT) jumped 114.3% premarket after naming a new chief executive and announcing plans to repurchase up to $400 million, or 26%, of its stock.
[09:19] {GeoArb} gm all
[09:19] {Threei} geo :)
[09:19] {_xzap} hi Geo
[09:20] {Threei} I don't see any prints that high on QSFT
[09:20] {Threei} 12.45 is highest on my T&S
[09:20] {_xzap} I don't either Vad
[09:21] {Threei} someone's calculator is off I guess
[09:21] {_xzap} it is # 1 gap up right now
[09:21] {GeoArb} so did shorting ban expire?
[09:21] {Threei} yes
[09:21] {GeoArb} ok
[09:23] {_xzap} BBBY gap up
[09:24] {Threei} this one looks weird to me
[09:24] {Threei} I wouldn't expect retail sector to strengthen just yet
[09:25] {_xzap} I thought that was weird also
[09:25] {Threei} closed 27.55... look at the spread premarket
[09:25] {_xzap} good gosh
[09:26] {Threei} almost like someone hit offers not paying attention to handle
[09:26] {_xzap} ENER is up $2,32
[09:29] {_xzap} now $3.08
[09:30] {Threei} watching ADBE for pullback and long entry
[09:30] {Threei} half lot
[09:32] {magoo} under30?
[09:33] {_xzap} I've got pivot at 29.65 - 29.87
[09:33] {GeoArb} in .30
[09:33] {GeoArb} out .54
[09:34] {magoo} in .18
[09:34] {GeoArb} bit choppy
[09:35] {magoo} really missed et
[09:35] {magoo} was waiting .91
[09:35] {GeoArb} yeah 2 cents
[09:36] {magoo} saw .85
[09:36] {magoo} fasttttttttttttttttttttttt
[09:36] {magoo} waiting .85 now
[09:37] {GeoArb} filled the gap
[09:38] {magoo} no help mkt
[09:41] {magoo} out here .67 TY vad
[09:42] {Threei} :)
[09:43] {_xzap} QSFT starting to pull back, 50% Fib retrace is11.4
[09:43] {Threei} pullback time
[09:45] {Threei} hmm... not much of pullback
[09:46] {magoo} adbe or mkt?
[09:46] {Threei} either
[09:46] {Threei} OK, a bit better now
[09:46] {magoo} pretty volatile
[09:46] {Threei} watch RIMM around 61
[09:48] {Threei} ADBE .40 break, half lot
[09:48] {Threei} stop under .20
[09:49] {peterg} morning folks
[09:49] {Threei} peter :)
[09:50] {magoo} peterg:)
[09:50] {_xzap} selling pressure on DRYS
[09:50] {_xzap} hi peter
[09:51] {peterg} z!
[09:52] {_xzap} not seeing normal pullbacks, let's see what 10 - 10:15 brings
[09:54] {Threei} need NQ to break 1370 for the next leg up
[09:55] {_xzap} CSIQ meeting res @ 14.2
[09:55] {Threei} no worky ADBE
[09:56] {_xzap} ADBE coming back to pivot
[09:59] {Threei} MS got beaten to the pulp
[09:59] {Threei} tempted to short it
[09:59] {dptl} short ban expired...but in some stock in laser still give me error code
[09:59] {Threei} MS shortable
[10:00] {Threei} a bit too jumpy, hard to find entry
[10:00] {dptl} ohh...sorry....never mind last post:)
[10:01] {Threei} if you went for breakdown cover half here
[10:01] {Threei} 14 is coming it seems
[10:02] {_xzap} bid ADBE @ 29.9
[10:03] {_xzap} in 29.9
[10:04] {dptl} flex?
[10:05] {Threei} chart is right, but it's a slow one
[10:05] {Threei} can torture you for hours
[10:05] {_xzap} what isn't slow *LOL*
[10:05] {dptl} ok ty
[10:05] {Threei} MS isn't {G}
[10:07] {Threei} if you are willing to give it chance, 5.42 long with .35 stop
[10:07] {Threei} if loses .35, let it pull back deper
[10:07] {dptl} that was a plan
[10:09] {Threei} NTAP
[10:09] {Threei} ugh... jumped while I typed
[10:10] {Threei} pullback into .80 -.85 area
[10:11] {Threei} if no pullback and market jumps agian, .95 long with .84 stop
[10:13] {_xzap} Out ADBE 30.30 + .40
[10:13] {Threei} good one
[10:13] {_xzap} thx Vad
[10:16] {_xzap} watching QSFT for 11.4
[10:16] {Threei} stop NTAP .79 who got it on pullback
[10:16] {Threei} you actually have a scalp here
[10:16] {Threei} but I'd prefer to try and hold it for break
[10:17] {Threei} risk is so miniscule
[10:17] {Threei} or let's partial
[10:17] {Threei} half out .97
[10:18] {Threei} now think of NTAP in these terms:
[10:18] {Threei} your risk is afew cents here,
[10:19] {Threei} if market stages this nice slow confident climb here, NTAP can go quite nicely
[10:19] {Threei} 14.50 is not out of question
[10:19] {Threei} so, either keep your stop under .80 and forget about second half
[10:19] {Threei} or just take profit on jump after 14 break
[10:19] {Threei} personal choice really
[10:24] {Threei} GM... sheesh
[10:25] {Threei} are we about to lose our automaking industry?
[10:26] {peterg} cant short it
[10:27] {peterg} just as well
[10:27] {Threei} probably not all bans are flashed out of the system yet
[10:29] {Threei} Short Setup: IBM 92 breakl small shares
[10:30] {Threei} feel free to cover as you see fit
[10:30] {Threei} easy and quick 40 something cents
[10:33] {_xzap} watching DRYS for 20.8 - 21, at 76% Fib retrace now
[10:33] {Threei} full buck now IBM
[10:33] {Threei} not watching anymore, anyone who took it is too deep in the money to need any further comments
[10:34] {Threei} and if you all ignored it, tell me so I just go sleep
[10:36] {Threei} Long Setup: ADBE 30.03
[10:36] {Threei} srtop under 29.90
[10:37] {Threei} half out ADBE .20
[10:37] {Threei} scalpers are out in full
[10:38] {Threei} stop to .95
[10:39] {Threei} am I alone in here?
[10:39] {_xzap} nope
[10:40] {magoo} in adbe
[10:40] {Onix} no
[10:40] {Onix} in ADBE @ .06
[10:40] {Threei} never have I seen such grave silence greeting one profitable call after another
[10:40] {peterg} in and out abde for a penny
[10:40] {GeoArb} geo{- trying to be strong and silent
[10:40] {peterg} adbe
[10:40] {Threei} penny?
[10:41] {magoo} u sound like dino lol
[10:41] {peterg} yes
[10:41] {peterg} not having fun yet
[10:41] {Threei} I am lost
[10:41] {peterg} how so?
[10:41] {Threei} it went over 20 cents
[10:41] {Threei} how come you take a penny?
[10:41] {peterg} in at .12, out going down at .13
[10:41] {_xzap} watching CSIQ for 13.3
[10:41] {GeoArb} wow late peterg
[10:41] {peterg} slow reflexes?
[10:41] {peterg} too late huh
[10:42] {Threei} .12 vs .03 trigger? that's a lot of chasing
[10:42] {GeoArb} well umm i didnt do better than .06
[10:42] {peterg} buy limit?
[10:42] {Threei} limit a few cents above market
[10:42] {Threei} I'd say .06 - .07 limt if trigger is .03
[10:42] {peterg} when you publish the move, it has already moved up
[10:43] {_xzap} DRYS reaching pivot
[10:43] {Threei} ADBE was .02 at the moment
[10:43] {Threei} if you miss it, wait for pullback
[10:43] {Threei} but chasing that high?
[10:43] {peterg} just shooting at it with mkt order
[10:43] {Threei} no, not on volatile stock
[10:43] {peterg} determined to get on board can be mistake i guess
[10:43] {Threei} market order is fine for a thick slow ones
[10:43] {Threei} with a lot of liquidity
[10:44] {peterg} this is why I am trying to figure out keys
[10:44] {peterg} because fiddling around wi level 11 mouse key change and setting price too clumsy
[10:44] {peterg} time consuming
[10:44] {peterg} miss moves
[10:44] {Threei} even with mouse... just click on level 2 couple levels above your trigger
[10:44] {Threei} and lick limit buy
[10:44] {Threei} kclick
[10:44] {Threei} sheesh
[10:44] {Threei} lol
[10:44] {GeoArb} yeah vads style
[10:45] {peterg} lick the limit?
[10:45] {peterg} yummy
[10:45] {Threei} sigh
[10:45] {peterg} lift, right
[10:45] {GeoArb} click
[10:45] {peterg} click the price, i get that
[10:45] {_xzap} bid 20.8 DRYS
[10:45] {peterg} but its movin so fast
[10:45] {GeoArb} no click price a few ahead
[10:45] {GeoArb} so thats your limit
[10:46] {Threei} right
[10:46] {peterg} ok ill try
[10:46] {peterg} thanks
[10:46] {peterg} all
[10:46] {peterg} who seek to help the feeble minded
[10:46] {Threei} let's make sure we are on the same page
[10:46] {Threei} to avoid any costly mistakes
[10:46] {Threei} when you click on level 2, it puts a price you clicked on in your Price windiw
[10:46] {GeoArb} heheh the oother guys have been here a while.... we will all get there
[10:46] {Threei} right?
[10:47] {peterg} right, when you have selected limit trade
[10:47] {Threei} correct
[10:47] {Threei} or should I say korrekt
[10:47] {Threei} so, ADBE is .79 right now
[10:47] {peterg} i prefer vowel free krkt
[10:47] {Threei} let's assume you want to buy it
[10:48] {peterg} ok
[10:48] {Threei} bad example, moves too fast
[10:48] {peterg} right
[10:48] {GeoArb} qqqq
[10:48] {Threei} FRE
[10:48] {Threei} 1.10
[10:48] {Threei} you want it here
[10:48] {Threei} you click 1.12
[10:48] {_xzap} canceld buy for DRYS
[10:48] {Threei} and click Limit Buy
[10:49] {peterg} yahhhh?
[10:49] {Threei} ?
[10:49] {peterg} i dont want to buy it
[10:49] {Threei} no
[10:49] {Threei} it's an example :)
[10:49] {peterg} ck
[10:49] {Threei} if a stock waits for you, great
[10:49] {peterg} so ia am set to hit buy with a limit of 1.12
[10:49] {Threei} you'll get your 1.10
[10:50] {Threei} if it tick fast,
[10:50] {Threei} you may get 1.10, 1.11 and 1.12
[10:50] {Threei} possibly in partials
[10:50] {peterg} but I have a shot at getting it if it moves up fast, right?
[10:50] {Threei} but if it got away completely
[10:50] {peterg} but i dont get stock if goes up too much
[10:50] {Threei} your order will post 1.12 bid
[10:50] {Threei} without chasing it into too sharp spike
[10:50] {GeoArb} ahhh that i didnt know
[10:51] {Threei} Now, if you still want it on a pullback, leave your bid there
[10:51] {peterg} feels good to have training wheels on again.
[10:51] {Threei} if not, click cancel
[10:52] {peterg} ok, lets party! THanks vad and team
[10:52] {_xzap} FWLT starting to roll over
[10:52] {GeoArb} gold touched HOD
[10:52] {GeoArb} oil LOD
[10:52] {Threei} np peter
[10:52] {Threei} don't hesitate to ask
[10:52] {peterg} thks
[10:52] {Threei} there are a lot of things I take for granted
[10:52] {Threei} especially in this "nuts and botls" department
[10:53] {Threei} having traded with direct access broker from 1997
[10:53] {GeoArb} laser is cannon and can be configured six ways from sunday
[10:54] {peterg} but only when it is up, from seven am to, what, five or six pm?
[10:54] {peterg} and not on weekends
[10:54] {GeoArb} yes
[10:54] {GeoArb} lol
[10:54] {GeoArb} i ditched the second half on adbe flat
[10:55] {GeoArb} missed exit
[10:55] {peterg} when watching RIMM, hard to pick prices because of the speed of change.
[10:55] {Threei} true
[10:55] {Threei} there are a few strategies for different routes,
[10:56] {peterg} mmmm?
[10:56] {Threei} I keep giving myself a word to get deeper into them
[10:56] {Threei} to see if there is something we cluld use
[10:56] {GeoArb} ??
[10:56] {Threei} but laziness takes over every time
[10:56] {Threei} OK, look here:
[10:56] {Threei} Trade - Routing Strategy
[10:56] {Threei} one for INET, one for ARCA
[10:57] {Threei} anyone has any idea what that is, feel free to share
[10:57] {Threei} if not, some day I'll get to it :)
[10:57] {GeoArb} dont touch it vad
[10:57] {GeoArb} ARCA PO+ has been down last couple of days
[10:57] {_xzap} bid 20.8 DRYS again
[10:58] {Threei} oh great
[10:58] {dptl} i use inet stgy
[10:58] {Threei} you know what is the surest way to make Russian to jump from the bridge geo?
[10:58] {dptl} hits everything....starting with inet book first
[10:58] {Threei} yes dp
[10:58] {Threei} that's what I use too
[10:58] {GeoArb} tell me the alaska bridge goes nowwhere?
[10:59] {Threei} no
[10:59] {Threei} tell him jumping off this bridge is strictly forbidden
[10:59] {GeoArb} lol
[10:59] {Threei} so... [10:57] {GeoArb} dont touch it vad
[10:59] {Threei} does just that :)
[10:59] {GeoArb} hehehe
[11:00] {Threei} MS...
[11:00] {Threei} small shares short 12.75 break
[11:00] {GeoArb} i thought you werent russian but ukranina vad?
[11:00] {Threei} not much difference back then
[11:00] {GeoArb} ukranian
[11:01] {GeoArb} well the name sounded cooler
[11:01] {Threei} it's now that they try to make big deal out of it, sovereignity, language etc
[11:01] {Threei} back then whole Ukraine spoke Russian almost exclusively
[11:01] {_xzap} canceled 20.8 bid on DRYS
[11:02] {_xzap} Vad, ever hear of Volgan Russians
[11:03] {GeoArb} sheesh i got 20 shares on .74
[11:03] {Threei} what to hear... one of areas in Russia
[11:03] {Threei} that's realy small shares Geo
[11:03] {GeoArb} well i tried 300
[11:04] {GeoArb} it swept .74 .73 and .72
[11:04] {GeoArb} and thats all it got in INET
[11:04] {_xzap} I traced my family tree to there Vad
[11:04] {Threei} wow
[11:04] {_xzap} they threw us out and we exiled to Germany and then to Kansas in the US
[11:05] {Threei} I bet you regret that bitterly
[11:05] {_xzap} LMAO
[11:05] {Threei} or maybe not
[11:05] {Threei} :)
[11:05] {GeoArb} ahh kansas... my wife lived in topka for 5 yrs
[11:05] {GeoArb} topeka
[11:05] {_xzap} then we went from Kansa to Virginia and North Carolina where we stayed
[11:06] {Threei} I don't see any news killing market
[11:06] {_xzap} selling into any rallies stil
[11:06] {GeoArb} oil low gld high
[11:07] {_xzap} we've still got to have that BIG wash out, IMHO
[11:07] {Threei} no worky MS
[11:07] {GeoArb} well i am glad just got 20 shares
[11:08] {peterg} made .08 practicing limit orders ty
[11:08] {GeoArb} nice
[11:08] {peterg} ty
[11:08] {Threei} :)
[11:09] {_xzap} c'mon Dow 7500
[11:09] {GeoArb} hmmm the routing strategies dont have video manauals
[11:11] {_xzap} # 1 sector Construction & ag machinery, MTW, BUCY, DE, JOYG, AG
[11:14] {_xzap} bid 31 BUCY
[11:14] {_xzap} in @ 31
[11:15] {GeoArb} nice xzap
[11:15] {_xzap} thx Geo
[11:16] {_xzap} offered at .50
[11:18] {Threei} MS
[11:18] {Threei} TICKS UP FROM LOWS ON CHATTER THAT MISUBISHI COULD CONSIDER BUYING MS ENTIRETY FOR ROUGHLY $20
[11:18] {Threei} - Note overnight the WSJ noted that MS and Mitsubishi were discussing various initiatives
[11:18] {Threei} - Reminder the two are in an agreement to acquire a 20% stake in company valued at $9B for shares at $25.25
[11:20] {_xzap} offered @ .39
[11:22] {_xzap} offered @ .26
[11:23] {Threei} MS holding well under .50 resistance
[11:24] {Threei} if market turns up again, likely to break and jump
[11:24] {Threei} small shares pnly, very volatilie
[11:25] {GeoArb} sheesh
[11:26] {Threei} if you went for it keep stop undere .25 and aim for closer to 15 target
[11:26] {Threei} nope, no power
[11:27] {GeoArb} vad whats your ip for charts? I am having trouble loading
[11:28] {Threei} ip?
[11:28] {GeoArb} anyway to server ip
[11:28] {GeoArb} anyway to change it without exiting?
[11:28] {Threei} yes
[11:28] {GeoArb} ?
[11:28] {Threei} Quote - Login server setup
[11:28] {Threei} but I keep standrd
[11:29] {Threei} try to change server for charts
[11:29] {GeoArb} .155?
[11:29] {Threei} quote - switch chartserver
[11:29] {GeoArb} ahh works
[11:29] {GeoArb} went from 2 to 1
[11:33] {_xzap} bid 31.07 to break even
[11:33] {GeoArb} i dont see any document/video on gndt which discusses the routing strategies? vad dptl?
[11:33] {Threei} asking me?
[11:34] {GeoArb} if it exists
[11:34] {Threei} I just said I haven't gotten to it :)
[11:34] {GeoArb} lol
[11:34] {GeoArb} maybe you know where to find it but havent read it
[11:34] {GeoArb} i googled and found a few on another platform doc http://sterlingfinancialsystems.com/documents/Articles/NASDAQ_Single_Book_Route_Announcement.php
[11:35] {Threei} market looks like preparing for upward thrust
[11:35] {Threei} ADBE worth a try on .30 break
[11:35] {Threei} half lot
[11:35] {Threei} don't want to overcommit at this time of the day
[11:36] {Threei} fairly nervous trading today
[11:36] {Threei} .15 closest support
[11:37] {patience} mother phoned asking what next to sell....public is participating in selling
[11:37] {GeoArb} [07:58] {dptl} hits everything....starting with inet book first
[11:38] {GeoArb} dptl I am not sure thats true
[11:38] {Chaeron} patience... then we've bottomed
[11:38] {_xzap} out BUCY 31.07
[11:38] {GeoArb} as i switched and am getting partial fills
[11:38] {GeoArb} and in the link it syas INET is
[11:38] {GeoArb} Send directly to NASDAQ – no routing
[11:39] {GeoArb} I switched back to STGY
[11:39] {Threei} [10:58] {dptl} i use inet stgy
[11:39] {GeoArb} oops
[11:40] {Threei} Geo... are we having failure to communicate? :)
[11:40] {dptl} lol
[11:40] {GeoArb} i read i use inet
[11:40] {GeoArb} thats a strategy too
[11:40] {GeoArb} apologies... i am back to where i was
[11:40] {Threei} US GOVT REPORTEDLY EVALUATING INJECTION OF CAPITAL IN US BANKS FOR SHARES, EITHER COMMON OR PREFERRED - UNCONFIRMED REPORT
[11:40] {Threei} - this latest report is very similar to the report from the WSJ eariler today
[11:41] {GeoArb} oout .51 in .3
[11:41] {GeoArb} yeah lot of talk about bank partial nationalization like gordon brown did
[11:42] {dptl} what is it with island?i missed the story on the news
[11:43] {Threei} ?
[11:43] {Threei} which island?
[11:43] {GeoArb} ?
[11:43] {Threei} mine is in place as far as I know
[11:43] {Threei} slowly moving toward Japan
[11:43] {GeoArb} sheesh
[11:43] {dptl} iceland
[11:43] {Threei} ah
[11:43] {dptl} lol
[11:43] {Threei} bankrupt
[11:43] {GeoArb} gave too much interest?
[11:44] {dptl} the whole country?
[11:44] {Threei} well, no offivial default announced if I am not mistaken
[11:44] {GeoArb} Iceland has refused to refund the deposits of international clients in its stricken banks.
[11:44] {dptl} ok...ty
[11:45] {Threei} great, now MS does it
[11:46] {Threei} shaky shaky
[11:46] {_xzap} RIMM consolidating 61 -61.15
[11:46] {_xzap} RIMM breakout
[11:46] {_xzap} res @ 61.70
[11:47] {Chaeron} we closed Monday?
[11:47] {GeoArb} ?
[11:47] {Threei} no
[11:47] {Chaeron} shoot... sorry... but thanks
[11:48] {GeoArb} wrong window chaer?
[11:48] {magoo} your mkt thrust call seems good vad
[11:48] {Threei} seems?
[11:48] {Threei} seems??
06[11:48] * Threei slaps magoo around a bit with a large trout
[11:48] {GeoArb} lol
[11:49] {magoo} lol
[11:51] {_xzap} Vad } do you like RIMM on this pullback ?
[11:52] {Threei} yes
[11:52] {Threei} market will jump back up
[11:52] {Threei} there you go
[11:52] {Threei} didn't take long eh
[11:52] {magoo} vad da man
[11:52] {Threei} just be quick on both sides
[11:52] {magoo} u up today vad?
[11:53] {Threei} don't know why but trading today is very nervous
[11:53] {Threei} much more so that yesterday
[11:53] {magoo} agree
[11:53] {_xzap} agree
[11:53] {magoo} people been kicked so hard and so many times....flinching
[11:53] {_xzap} TICK can't get above 350
[11:54] {patience} waiting for direction to emerge
[11:54] {magoo} conditioned to sell all spikes vad
[11:54] {GeoArb} really xzap? i see a bunch over 500
[11:54] {magoo} and that 3:30 sell down yesterday no help
[11:54] {_xzap} you see the TICK over 500 ?
[11:54] {GeoArb} not right now
[11:55] {GeoArb} -698
[11:55] {Threei} that is one reason mags,
[11:55] {Threei} another is
[11:55] {magoo} if we had finished strong
[11:55] {magoo} today would have rocked
[11:55] {Threei} I see this situation as accumulation by smart money starting
[11:55] {_xzap} Geo, the $USQ/TICK ?
[11:56] {Threei} and on early stages of accumulation smart money is not interested in sending prices skyrocketing
[11:56] {Threei} it's only happy to keep prices down if if it takes some selling
[11:56] {magoo} are we smart $$ he he
[11:56] {magoo} or just smart *sses?
[11:57] {_xzap} RIMM well below dt line
[11:57] {GeoArb} i use TICK-NYSE from InteractiveBrokers
[11:57] {magoo} careful RIMM follows naz
[11:57] {magoo} if naz falls..RIMM falls and vice versus
[11:57] {_xzap} that's all I trade MAg, the NAs
[11:58] {magoo} i trade rimm aapl bidu everyday
[11:58] {GeoArb} no wonder youre quiet magoo :)
[11:58] {_xzap} I haved about 10 I like every day
[11:58] {patience} magoo misses dino
[11:58] {Chaeron} "quiet".... heh :)
[11:58] {magoo} problem is i dont want to hurt anyone
[11:59] {peterg} mags, how can laser show naz?
[11:59] {magoo} u gotta get in and then layout offers at exit levelsl
[11:59] {_xzap} Vad, RIMM @ 60.6 ?
[11:59] {magoo} and only 300 shares..max loss stop 200 bux
[11:59] {magoo} QQQQ chart is what i use
[11:59] {Threei} zap, RIMM is not trading on its own merits
[11:59] {magoo} awesome indicator
[12:00] {Threei} you need to use NQ as leading indicator for it
[12:00] {magoo} set up minute QQQQ and always have it up
[12:00] {Threei} or Qs
[12:00] {peterg} a chart?
[12:00] {magoo} it tends to slightly lead so yoiu see it rolling over...aapl rimm bidu start rolling over
[12:00] {Threei} OPEC: SEEK TO KEEP OIL MARKET STABLE
[12:00] {Threei} - formally announces it will hold an extraordinary meeting on Nov 18 in Vienna{
[12:00] {GeoArb} you using one min magoo?
[12:01] {magoo} yes to chart and minute
[12:02] {peterg} tick chart--how load w syhmbol
[12:02] {magoo} i can NOT trade at all without QQQQ chart up..its set as a permanant
[12:02] {GeoArb} yeah here too
[12:02] {peterg} nuts and bolts
[12:02] {peterg} OK chart up, how enter symbol?
[12:03] {Threei} just type
[12:03] {Threei} click on a chart and type
[12:03] {peterg} got it thanks
[12:03] {magoo} vad..show him how to make it independent..as in always up..not linked to lev 2
[12:04] {Threei} umm... just don't link it? :)
[12:04] {magoo} find a space on screen and always watch it
[12:04] {peterg} righty right right
[12:04] {magoo} i forgot how lol
[12:04] {_xzap} lunch time, no trades for me right now
[12:05] {magoo} now, your other charts need to be minute too ok?
[12:05] {magoo} thern click aapl rimm and look at corelations
[12:06] {peterg} how set speed?
[12:06] {magoo} btw VAD taught me this trick years ago
[12:06] {peterg} i.e., minute
[12:06] {peterg} mine are all streaming, I think
[12:06] {magoo} wheres spread?
[12:07] {peterg} ?
[12:07] {magoo} i looking at chart setup
[12:07] {magoo} are u laser?
[12:07] {peterg} ys
[12:07] {magoo} dcc
[12:07] {GeoArb} rimm should move up now
[12:08] {GeoArb} ok
[12:08] {GeoArb} you get a few seconds :)
[12:08] {_xzap} I always keep the $COMP.Q, $USQ/TICK, $USQ/TRIN and $VIX charts up
[12:13] {magoo} back
[12:21] {GeoArb} vad found the reference from nasdaq
[12:21] {GeoArb} www.nasdaqtrader.com/content/ProductsServices/Trading/Workstation/rash_strategy.pdf
[12:22] {Threei} letters... words... things to read... :(
[12:22] {GeoArb} heheh page 2 only
[12:23] {GeoArb} looks like what dptl has choses is the best anyway
[12:28] {dptl} that was Dave choses for me i just tald him what i need and thats what he sugest it
[12:28] {dptl} works well
[12:32] {Threei} weirdest chart of the day:
[12:32] {Threei} PRU
[12:33] {hawkfan4} hard to beat that chart
[12:33] {GeoArb} lots of red in my scanners.. not manny greens coming up
[12:33] {hawkfan4} you know dino would've been waiting at 25.55
[12:34] {magoo} actually.355 and misses entry and bitches at me about it
[12:35] {hawkfan4} lol :) the real inside story
[12:35] {Threei} lol
[12:36] {magoo} mkts seem calm or quiet here vad
[12:37] {magoo} calm before the storm
[12:37] {Threei} yes
[12:39] {GeoArb} vad i see that you can run trade ideas from laser
[12:39] {GeoArb} does it connect to laser then?
[12:39] {Threei} connect how?
[12:39] {GeoArb} click and pupulate in LII
[12:39] {GeoArb} i know how to do it externally
[12:40] {Threei} it's the same external link
[12:40] {Threei} how else do tou envision it to work?
[12:40] {GeoArb} wodner why they adding it then.... cant find any docs
[12:40] {Threei} it's just marketing collaboration
[12:40] {GeoArb} ahh
[12:40] {GeoArb} ok
[12:41] {GeoArb} they have been selling themselves cheap all over recently
[12:42] {GeoArb} they have a competitor..... madscan which has a real nifty feature....
[12:42] {GeoArb} it connects to briefing.com api
[12:42] {GeoArb} so with alerts it shows current news automatically
[12:42] {GeoArb} on same row
[12:42] {Threei} I tried it... was very unipmressed
[12:42] {GeoArb} yeah me too
[12:42] {GeoArb} has ways to go in other respect
[12:44] {GeoArb} i just told our guys.... that they should implement that feature...
[12:44] {GeoArb} not willing to change
[12:55] {_xzap} watching to short ZION
[12:55] {magoo} what u stalking lord vader?
[12:55] {Threei} don't see anything defitinive
[12:55] {Threei} everything is jellyoish
[12:57] {magoo} thoughts from here?
[12:57] {Threei} none for now
[12:57] {magoo} your pushing your luk lil man
[12:57] {Threei} lol
[12:58] {magoo} i just took 100 sh bidu long
[12:58] {magoo} 12.46
[12:58] {magoo} stop 211
[12:59] {magoo} risk 1 .5 to get 3
[13:00] {_xzap} in ZION 29.48 short
[13:02] {_xzap} stop 29.7
[13:07] {_xzap} this is like watching grass grow
[13:07] {Threei} why do you think I am in coma
[13:08] {_xzap} top 5 % losers are regional banks
[13:09] {Threei} ok mgas
[13:09] {Threei} my choice is up
[13:10] {Threei} not very much, very fast or very far
[13:10] {Threei} nor for very long
[13:10] {Threei} but up
[13:10] {Threei} your BIDU should tage 214
[13:11] {Threei} maybe 215 if NQ grows a set
[13:11] {magoo} :)
[13:11] {_xzap} stopped out ZION @29.67
[13:11] {Threei} there you go
[13:12] {Threei} 214 on the nose
[13:12] {magoo} still in
[13:12] {Threei} I am out
[13:12] {GeoArb} how many shares mag?
[13:13] {GeoArb} bidu makes my knees weak
[13:13] {Threei} [12:58] {magoo} i just took 100 sh bidu long
[13:13] {Threei} [12:58] {magoo} 12.46
[13:13] {GeoArb} man
[13:13] {magoo} geo..see qqqq chart and aapl rimm bidu charts?
[13:13] {GeoArb} yeah
[13:13] {Threei} I beat you on entry
[13:13] {Threei} now let's see if you beat me on exit
[13:14] {magoo} what entry u get?
[13:14] {Threei} 212.25
[13:14] {Threei} exit 213.91
[13:14] {magoo} afer my call?
[13:14] {Threei} yes, it pulled back into 212
[13:14] {magoo} yup
[13:15] {GeoArb} (little boys club)
[13:15] {GeoArb} mutter mutter
[13:15] {GeoArb} :)
[13:19] {Threei} magoo... what did geo call us?
[13:19] {magoo} out here 214
[13:19] {GeoArb} ummm (little boys TRADING club)
[13:20] {magoo} i wijn
[13:20] {Threei} hmm
[13:20] {Threei} how do you win
[13:21] {Threei} you beat me by 9 cents on exit,
[13:21] {Threei} I beat you by 21 cents on entry
[13:21] {magoo} 214 -212.46
[13:21] {magoo} dammit lol
[13:21] {Threei} by any math know to himanity, I win by 13 cents
[13:21] {Threei} 12... lol
[13:22] {GeoArb} [10:13] {Threei} I beat you on entry
[13:22] {GeoArb} [10:13] {Threei} now let's see if you beat me on exit
[13:22] {Threei} at least in this universe
[13:22] {GeoArb} he said he wins
[13:22] {GeoArb} (on esit)
[13:22] {GeoArb} he didnt say he overall wins
[13:22] {Threei} being literal aren;'t we
[13:22] {GeoArb} lol
[13:23] {magoo} oh..yeah..thats what i meant he he
[13:27] {magoo} brb
[13:28] {Threei} WHITE HOUSE DENIES REPORTS OF G8 MEETING ON TUESDAY
[13:28] {Threei} - Earlier today reports were circulating that President Bush had called for a G8 meeting on Tuesday.
[13:29] {Threei} REPORTEDLY THE TREASURY WILL BEGIN BUYING STAKES IN BANKS "WITHIN WEEKS" - UNCONFIRMED REPORT
[13:29] {Threei} {XLF}
[13:29] {Threei} hmmm
[13:29] {Threei} how does it all props the market?
[13:29] {_xzap} ENER, nice pop
[13:30] {Threei} everything
[13:30] {laserdave1} BIG move up today in market
[13:30] {Threei} not sure what just happened
[13:30] {laserdave1} thats my guess
[13:31] {laserdave1} hey guys
06[13:31] * Threei slaps laserdave1 around a bit with a large trout
[13:31] {_xzap} hi dave
[13:31] {laserdave1} hey
[13:31] {Threei} low liquidity of jewish holiday makes moves exaggerated
[13:32] {Threei} another spike is coming
[13:32] {Threei} (probably)
[13:32] {laserdave1} xzap dcc when u get a ssec
[13:32] {laserdave1} i think we get a squeexe today
[13:32] {Threei} let's
[13:32] {laserdave1} market needs a big up day
[13:32] {Threei} I don't mind
[13:32] {Threei} if we do ADBE should do well
[13:33] {Threei} MS spike
[13:33] {laserdave1} i am now long ADBE
[13:33] {Threei} here comes my spike
[13:34] {laserdave1} qqqq 35$ today
[13:35] {magoo} vad..i just downloaded new laser but need your assistance..log in failed
[13:35] {Threei} click login setup
[13:35] {magoo} i must go to setup correct?
[13:35] {magoo} there
[13:35] {Threei} yes
[13:36] {Threei} executore
[13:36] {Threei} window with server #
[13:36] {Threei} enter 15905
[13:36] {GeoArb} :)
[13:36] {laserdave1} when u download a new version always make sure to change that port
[13:36] {Threei} NQ spike off this pullback
[13:37] {laserdave1} to 15905
[13:37] {laserdave1} magoo
[13:37] {laserdave1} dcc
[13:38] {magoo} it worked ty vad..dave
[13:42] {magoo} any news CME vad??
[13:43] {magoo} if mkt rocked could go 40 pointsRISKI
[13:43] {Threei} no
[13:44] {magoo} big IF tho..could tank to 350 area
[13:46] {_xzap} Apple Expected To Unveil Less Costly MacBooks
[13:47] {Threei} FED'S STERN: CREDIT CARD DEBT SECURITIZATION BY THE MARKET HAS PERFORMED WELL, REGULATION NECESSARY BUT MAY NOT BE 'SUFFICIENT'
[13:47] {Threei} huh?
[13:47] {Threei} it performed so well that regulation is necessary and may not even help?
[13:47] {Threei} what do I miss? :)
[13:49] {_xzap} I can't trade this crazy mess
[13:50] {Threei} come on... look at magoo and trade BIDU with him
[13:50] {Threei} but don't be a wuss he is
[13:50] {Threei} take couple thousand shares
[13:50] {GeoArb} emm vad?
[13:50] {_xzap} uh hu
06[13:50] * Threei is hiding under the rock
[13:50] {magoo} that does itttttttttt....................
06[13:50] * magoo slaps Threei around a bit with a large trout
[13:50] {Threei} but I am under the rock
06[13:50] * magoo slaps Threei around a bit with a large trout
[13:50] {magoo} now?
[13:51] {Threei} but I am under the rock
[13:51] {GeoArb} CRUSH THE ROCK
06[13:51] * magoo slaps Threei around a bit with a large trout
[13:51] {magoo} now
[13:51] {Threei} sigh
[13:51] {magoo} yuor like wack a mole
[13:51] {_xzap} let's watch AAPL for a bounce
[13:51] {Threei} PERUVIAN STOCK MARKET HAS REPORTEDLY BEEN HALTED DUE TO FALL OF MORE THAN 6.5%
[13:51] {Threei} what's with whole world being hatled twice a day
[13:52] {_xzap} slower collapse
[13:52] {_xzap} I say pull the circuit breakers. let it drop and get it over with
[13:52] {magoo} if IF the mkt turns up HARD{risky disclaimer here} 100 sh bidu goog cme could mak big points...i hate CME tho
[13:52] {Threei} AAPL, I'll get interested closer to 91
[13:53] {Threei} possibly under
[13:53] {_xzap} I'm looking at 90.6
[13:53] {magoo} it all depends if we ever get that psycho launch up everyone wants..1000 points
[13:54] {_xzap} not me Mag, I wanna see 1000 down
[13:54] {magoo} sadist he he
[13:55] {_xzap} missed AAPL Vad
[13:55] {magoo} l goog here
[13:55] {magoo} 338.25
[13:56] {Threei} these sudden apikes come out of nowhere
[13:56] {_xzap} I've always found it hard to trade when the mkts are out of synch like today
[13:56] {Threei} no way to foresee them
[13:57] {_xzap} Dow & S&P down, NAS up
[13:57] {_xzap} these spikes are MM's taking people's $$
[13:58] {Threei} hmmm
[13:58] {Threei} that's questionable
[13:58] {_xzap} look at AAPL
[13:58] {_xzap} 1 point run and now pullback
[13:58] {Threei} this would assume that MMs can simply assign prices
[13:58] {Threei} they can't
[13:59] {Threei} price change requires actual trades
[13:59] {_xzap} but they can sit on mkt orders . korect?
[13:59] {Threei} if you imply that all MMs somehow agreed to hit offers at the same time...
[13:59] {Threei} so what?
[13:59] {Threei} how does it explain such spikes?
[14:00] {Threei} don't buy into these conspiracy theories
[14:00] {Threei} how many MMs are there?
[14:00] {_xzap} i dunno
[14:00] {Threei} not 3 and not 10
[14:00] {Chaeron} (let's see... there's red, green, blue... :) sorry
[14:00] {_xzap} LMFAO !
[14:00] {magoo} 2 points goog
[14:01] {magoo} i have 200 sh
[14:01] {_xzap} wtg Mag
[14:01] {Chaeron} gr8 mags
[14:01] {patience} very nice magoo :)
[14:01] {GeoArb} nice
[14:01] {magoo} its what i do
[14:01] {Threei} you think it's really possible they all quickly phoned each other and agreed to do something coordinated at the same time?
[14:01] {GeoArb} heheh vad
[14:01] {Chaeron} they don't even like each other
[14:01] {Threei} it's a dog eat dog
[14:01] {GeoArb} yeah !!!
[14:02] {GeoArb} ask chaer he was one of em
[14:02] {Threei} 2 of them may conspire
[14:02] {Chaeron} Vad showed me the light
[14:02] {Threei} for some particular case
[14:02] {Threei} 20? 200?
[14:02] {Threei} come on :)
[14:02] {_xzap} ok, is it smart money easing in?
[14:02] {Threei} if that possible then goverment organized 9/11
[14:02] {Chaeron} and if 2 conspire, one of them is going to try to screw the other on the deal they agreed on
[14:02] {magoo} out 340.03
[14:03] {_xzap} oh hell no !
[14:03] {Threei} and US never go to the moon,
[14:03] {_xzap} no no no
[14:03] {Threei} it's all Hollywood production
[14:03] {Threei} exactly chaeron :)
[14:03] {_xzap} I don't subscribe to conspiracies
[14:03] {Chaeron} cartels same way
[14:03] {Threei} MMs do make money on oredinary people most of the time, sure
[14:04] {magoo} i do..dino messed up my dsl on tues right vad
[14:04] {Threei} but not because they possess these p;owers to manipulate prices or can conspire to do so
[14:04] {_xzap} BUCY looks good at 32.2
[14:04] {Threei} lol mags
[14:05] {magoo} the prob we are having is everyone BUT everyone wants and EXPECTS a huge rally
[14:05] {magoo} mkt can not allow this to happen..needs few on board
[14:06] {magoo} scary thought is we need to crash again FIRST
[14:06] {magoo} god forbid
[14:06] {magoo} lions and tigers and BEARS OH MY
[14:06] {_xzap} now BUCY is rolling over
[14:07] {_xzap} we have to have a BIG sell off Mag
[14:07] {magoo} scary thought xzazp
[14:07] {_xzap} to shake the few apples left off the tree
[14:07] {magoo} hey..u joining the room bro?
[14:07] {magoo} your pretty good
[14:08] {_xzap} I might but I might wait til there's more vol
[14:08] {magoo} come on..u dont think vads made you the $250 month fee in one day?
[14:08] {GeoArb} is it 250?
[14:08] {_xzap} some days I think I know what I'm doing but wanted someone like Vad to confirm
[14:08] {GeoArb} darn
[14:09] {magoo} well..for me he surcharges 350
[14:09] {GeoArb} whats it now vad?
[14:09] {magoo} on probation from nesi days
[14:09] {_xzap} I thought there was a 1 year free trial
[14:09] {GeoArb} nesi?
[14:09] {magoo} never mind
[14:10] {magoo} i been here awhile
[14:10] {GeoArb} :)
[14:10] {_xzap} BUCY trying again
[14:10] {hawkfan4} lol mags
[14:12] {_xzap} Vad, you like BUCY at 32.2 ?
[14:12] {Threei} only if market resumes upward
[14:12] {_xzap} that could happen any second
[14:13] {Threei} watch how it's holding while market's downticking
[14:13] {_xzap} financials losing sup
[14:14] {Threei} not bad overall
[14:14] {Threei} a bit too volatile but it's stronger than market
[14:14] {Threei} I wouldn't wait for .21
[14:14] {Threei} I'd try to get it aggressively as soon as market turns
[14:14] {Threei} and go for a scalp
[14:15] {Threei} there you go
[14:15] {Threei} .95 in
[14:15] {Threei} offer for a scalp
[14:16] {Threei} much more reliable than breaks in this environment
[14:16] {_xzap} I just used to trading breaks
[14:16] {_xzap} never tried scalping
[14:16] {Threei} different methods for different markets
[14:17] {Threei} pure breaks rarely work in jerky markets
[14:17] {Threei} out .11 and .12
[14:17] {_xzap} but man when this mkt turns, the breaks will be long runs
[14:17] {Threei} yeah but we trade today
[14:17] {Threei} and today this kind of entries works better
[14:17] {Threei} roll with punches
[14:18] {_xzap} understood
[14:18] {_xzap} short JRCC ?
[14:19] {Threei} it's not at the breakdown point
[14:19] {Threei} it would be a chasing here
[14:19] {Threei} let it bounce or consolidate
[14:20] {_xzap} it's been consolidating for quite a while
[14:20] {magoo} my god..shorts are back..cme now avail short..and its crushed
[14:20] {magoo} u think correlation vad
[14:20] {Threei} yes but it was consolidating higher
[14:20] {Threei} not here
[14:20] {Threei} here it's already on the run
[14:20] {Threei} most harmful thing you can do in jerky market is chase
[14:21] {Threei} because of sharp snpabacksa
[14:26] {_xzap} Do you read candles as part of your decision Vad ?
[14:26] {magoo} aapl vad?
[14:26] {Threei} as in japanese candlesticks?
[14:26] {_xzap} yeah, can dlesticks
[14:27] {Threei} nope
[14:27] {magoo} l biduy here .69
[14:27] {magoo} RISKYYYYYYYYYYYYYYY
[14:31] {_xzap} UMPQ at day's low with selling pressure
[14:32] {_xzap} scratch that, no vol
[14:32] {magoo} taking too long
[14:32] {magoo} notr working
[14:32] {Threei} be back in 20 guys
[14:33] {_xzap} in @ 212.69 Mag ?
[14:34] {magoo} out
[14:35] {magoo} yes
[14:35] {magoo} out
[14:35] {_xzap} did it hurt ?
[14:35] {magoo} 'no 100 sh
[14:38] {_xzap} Mag, dcc
[14:44] {laserdave1} mag dcc
[14:45] {_xzap} U.S. technology companies collectively have as much as $250 billion in cash, providing most companies in the sector with a cushion to weather the current liquidity crisis, according to a new report from Fitch Ratings.
[14:48] {GeoArb} ES approaching LOD
[14:48] {magoo} down 200 again..sigh
[14:51] {Threei} back
06[14:51] * Threei passing a tissue to magoo
[14:51] {magoo} u were gone??he he
[14:51] {GeoArb} i gotta figure out the fancy messages
[14:51] {GeoArb} how do you do thaT?
[14:52] {Threei} lol
[14:52] {Threei} use /me command
06[14:52] * GeoArb is awed
[14:52] {Threei} thwre
[14:53] {Threei} ok guys, this is something to laugh hysterically
[14:53] {_xzap} Vad, short UMPQ ?
[14:54] {Threei} too thin
[14:54] {GeoArb} new issue?
[14:54] {Threei} nochart is right, but stock is very thin, imposible to read
[14:54] {Threei} gues what Paulson told in the spring of 2007 to audience at Shanghai exchange
[14:55] {Threei} open markets can allocate resources far better that givermental interventions
[14:55] {Threei} lookie what paulson does just one year later
[14:55] {hawkfan4} lol, why am i not surprised by that?
[14:56] {_xzap} short CQOM below .50?
[14:56] {magoo} scary to short here imo
[14:57] {Threei} CQOM?
[14:57] {magoo} last hour ramp or same as yesterday vad?
[14:58] {Threei} doubt it
[14:58] {Threei} no players
[14:58] {magoo} this constant crash down is getting tiresome
[14:58] {magoo} low volume?
[14:58] {Threei} today doesn't count
[14:58] {Threei} look at the volume
[14:58] {Threei} holiday
[15:00] {_xzap} Vad, the next call you make can you tell me why and whay you're looking at ?
[15:00] {_xzap} I'm trying very hard to learn your technique
[15:00] {Threei} zap... there are books and courses without which you won't
[15:01] {Threei} you are trying to reverse-endenier it
[15:01] {Threei} enginier
[15:01] {Threei} grrr... spell it someone for me, lol
[15:01] {_xzap} ok, tell me why not to short QCOM
[15:01] {Threei} why not learn theory first, then try to apply it in lpractice
[15:01] {Threei} who said not to shor tit?
[15:02] {magoo} emementeneer vad
[15:02] {Threei} 40.50 was clean short trigger
[15:02] {hawkfan4} it thought it was reigndeer
[15:02] {magoo} i did
[15:02] {Threei} sigh
[15:02] {magoo} worry about snap back violenrt ramp here
[15:03] {Threei} sheesh... I see now... you aksed about CQOM
[15:03] {Threei} I checked out, no such symbol
[15:03] {Threei} I asked
[15:03] {Threei} you never corrected
[15:03] {_xzap} oh
[15:03] {Threei} so I look at QCOM just now
[15:03] {Chaeron} lol
[15:03] {Threei} [14:56] {_xzap} short CQOM below .50?
[15:03] {Threei} [14:57] {Threei} CQOM?
[15:03] {_xzap} can I say dammit in here
[15:04] {magoo} sorry xzap
[15:04] {_xzap} not your fault Mag
[15:04] {magoo} everythings falling
[15:04] {magoo} aapl rimm bidu
[15:04] {magoo} goog
[15:04] {_xzap} I jsut thought I saw the sell off coming
[15:04] {magoo} good read
[15:05] {_xzap} I've been watching the TRIN creep up
[15:05] {_xzap} that is one tell you can count on
[15:05] {_xzap} my scanners help a lot too
[15:07] {_xzap} we should close today with the Dow in the 8's
[15:11] {Threei} watch QCOM for bounce off 40
[15:11] {Threei} first strength from here with NQ greening
[15:12] {Threei} stop under 39.90
[15:12] {magoo} jesus down 309
[15:12] {magoo} dow 8900
[15:13] {_xzap} in 39.78
[15:14] {Chaeron} do we put on our DOW 8000 hats now or.......?
[15:14] {Threei} I lost mine
[15:14] {Threei} it's been a while
[15:14] {Chaeron} I have my DOW 12000 hat for sale on ebay... no bids
[15:15] {hawkfan4} lol
[15:15] {GeoArb} who was the guy who wrote the book dow 36000
[15:15] {_xzap} out 39.97
[15:15] {Threei} half out at least zap
[15:15] {Threei} good exit
[15:16] {_xzap} thx vad
[15:16] {GeoArb} ahh yeas kevin hassett... currently a senior economic advisr to mccan
[15:16] {_xzap} IN this mkt those whole numbers will get ya
[15:18] {_xzap} remember all the "experts" calling for the Dow 15000 by year's end?
[15:19] {GeoArb} no kidding.... we might actually need the 8000 hat
[15:19] {Threei} S&P PLACES GMAC AND GM ON NEGATIVE WATCH
[15:19] {Threei} oh good
[15:19] {GeoArb} whats that?
[15:19] {_xzap} you know my number, Dow 7500
[15:19] {Threei} here goes autoindustry
[15:20] {Threei} wait... it's already gone
[15:20] {Onix} yes F @ 2.30
[15:20] {Onix} nearly off the map
[15:21] {GeoArb} man
[15:21] {_xzap} I think we'll close today around 8740
[15:23] {Threei} Long Setup: ADBE .40 if stays above .25
[15:24] {_xzap} in 29.37
[15:24] {magoo} in'
[15:24] {_xzap} offered at .50
[15:24] {_xzap} out
[15:25] {_xzap} thank you Mr. Vad
[15:25] {Threei} sure
[15:25] {peterg} made .09 with limit on entry tks
[15:25] {Threei} stinkin' scalpers... that's because of you market can't go up
[15:25] {GeoArb} nice peteg
[15:25] {Threei} you and shorters
[15:25] {peterg} tks geo
06[15:25] * GeoArb is embarrassed
[15:26] {peterg} great color!
[15:26] {GeoArb} 3i is throwing out accusations
[15:27] {_xzap} what brought that to your attention Vad?
[15:27] {Threei} that's because I like assigning blame
[15:27] {Onix} ty Vad, made 10c on ADBE :)
[15:27] {Threei} for global warming... for low production of ivory buttons in Argentina... for steroids untimely death in upper layers of atmosphere
[15:27] {_xzap} watch AA to drop
[15:27] {Threei} welcome onix
[15:28] {Threei} zap... this is one of stocks I wantch constantly these days
[15:28] {_xzap} k
[15:29] {magoo} they will not buy close on friday to hold over weekend
[15:29] {magoo} so rally postponed
[15:29] {_xzap} AA short Vad ?
[15:30] {Threei} come on
[15:30] {Threei} 50 cents verticasl drop
[15:30] {Threei} you want to short ast the low of such parabolic move
[15:30] {Threei} ?
[15:33] {Threei} oil barely above 86?
[15:33] {hawkfan4} 84.92
[15:34] {Threei} wow, really?
[15:34] {hawkfan4} yep, now 85.04
[15:34] {Chaeron} yea for the speculators!!!!
[15:34] {Threei} lol
[15:34] {GeoArb} heheh chaeron
[15:35] {Threei} gold is down too I see
[15:35] {Chaeron} well, they're the ones responsible for shorting it down to here, no???
[15:35] {Threei} or my quotes lie?
[15:35] {GeoArb} i thought you were on eof em
[15:35] {Chaeron} it's all a lie
[15:35] {Threei} now .30 breakdown is a short on AA
[15:36] {Threei} after some consolidation
[15:36] {GeoArb} fast
[15:36] {_xzap} so you would not have shorted at 13.8 ?
[15:36] {Threei} 13.80?
[15:36] {Threei} it was .50 when you asked
[15:36] {Threei} .80 I would, it was breakdown
[15:37] {_xzap} [15:27] {_xzap} watch AA to drop
[15:37] {Threei} [15:29] {_xzap} AA short Vad ?
[15:37] {Threei} [15:30] {Threei} come on
[15:37] {Threei} this is what I replied to
[15:38] {_xzap} I was throwing a watch out there
[15:38] {Threei} OK, then to avoid misunderstanding, insert a price in your question
[15:38] {Threei} you ask it, I look
[15:38] {Threei} see sharp drop
[15:38] {_xzap} understood
[15:39] {patience} oil might be in the 70's by the time dino gets back on monday
[15:39] {Threei} I suppose he won't be crying
[15:40] {_xzap} not far from 8740
[15:40] {Threei} hmmm... BRK.A is down $28,000/share
[15:41] {hawkfan4} buy for a bounce scalp?
[15:41] {_xzap} prob. why the Buffet effect didn't work on GE
[15:41] {Threei} try to bid inbetween the spread
[15:41] {Chaeron} yeah... I'm short small lot... 1000s :) (wishing)
[15:41] {dptl} :)
[15:42] {Threei} ADBE sharp drop, bounce canddiate
[15:42] {_xzap} Hey Vad, do we short AA under 13
[15:42] {Threei} I don't
[15:42] {Threei} it fell much less than market did
[15:42] {Threei} relative strength
[15:42] {Threei} it's more likely to bounce than continue down
[15:43] {Threei} grabbed quick 18 cents scalp ADBE
[15:45] {Threei} -568
[15:45] {Onix} wtg
[15:45] {Threei} it's a bit too much
[15:45] {Threei} your normal garden variety day is -350
[15:45] {hawkfan4} Alan Farley
[15:45] {hawkfan4} VIX over 60 (oh my!)
[15:45] {hawkfan4} 10/9/2008 3:40 PM EDT
[15:45] {hawkfan4} This is the part where frogs fall from the sky and the rivers turn to blood....
[15:45] {hawkfan4} Position: flat
[15:46] {Threei} lol Alan
[15:46] {Threei} selling accelerating
[15:47] {Threei} too bad it's just 15 min till eod
[15:47] {_xzap} this is a good thing
[15:47] {Threei} if we had couple hours to go, that would be verry interesting moment to play
[15:47] {GeoArb} man
[15:47] {GeoArb} my poor 401s
[15:47] {GeoArb} :)
[15:48] {magoo} how can days play out same
[15:48] {magoo} sell off yesterday'
[15:48] {magoo} are we idiots?
[15:48] {magoo} short big $$
[15:48] {GeoArb} damned shorts
[15:48] {patience} what we know for sure is governments are prepared to keep pouring money in...
[15:48] {Threei} [15:48] {magoo} are we idiots?
[15:49] {Threei} ummm
[15:49] {Chaeron} }{
[15:49] {dptl} oops..:)
06[15:49] * GeoArb is not touching that
[15:49] {_xzap} VAd, do we short AA now ? LOL
[15:49] {Threei} as tempting as it is to say of course...
[15:49] {Threei} we are positive 3 days out of 4 this week
[15:50] {Threei} find me many mrket participants who can say it this week
[15:50] {Onix} how about that RGLD hey!?
[15:51] {Threei} instead of grinning, you coluld be pocketing 30 cents bounce on AA right now, zap :)
[15:51] {_xzap} I'm just messin' w/ya Vad, I knew I should have taken that trade
[15:51] {Threei} I mean 40 cents
[15:51] {Threei} I mean 50
[15:51] {_xzap} I won't trade this close to the close
[15:51] {Threei} etc... you got the drift
[15:52] {Threei} now you can try and short it
[15:52] {Threei} small
[15:52] {GeoArb} looked like a dino trade
[15:52] {_xzap} done for the day
[15:52] {Threei} okay then
[15:52] {GeoArb} sheesh
[15:53] {GeoArb} some guy said they have a new name for company plans
[15:53] {Threei} -627 DJI
[15:53] {GeoArb} 201K
[15:53] {Threei} lol
[15:53] {dptl} red october :)
[15:53] {_xzap} I don't know why it didn't come across the wire, but there was negative news on AA when I said watch it to fall
[15:53] {Threei} lol dp
[15:54] {dptl} :)
[15:54] {Threei} GM under 5
[15:54] {Threei} this is national shame
[15:54] {GeoArb} why?
[15:55] {_xzap} THis was published just now: Standard & Poor's lowered its outlook on Alcoa Inc. (AA) to negative, but affirmed all ratings for the largest U.S. aluminum producer.
[15:55] {_xzap} Alcoa shares were down 12.6% to $12.85 in recent trading.
[15:55] {Chaeron} you're a Canadian... what do you care? :)
[15:55] {Threei} it's GM for pete's sake
[15:55] {GeoArb} lol chaeron
[15:55] {_xzap} GM will be taken over by the Chinese
[15:55] {Threei} I drive Nissan... sop not much
[15:55] {Threei} but sheesh
[15:55] {magoo} who reports tonight ?
[15:55] {GeoArb} they will go bankrupt
[15:56] {GeoArb} renegotiate the contracts
[15:56] {Threei} they aren't too big to fall?
[15:56] {patience} vad, have a look at abx.to chart...i managed to hold it without cracking today....
[15:56] {GeoArb} and come back strong
[15:56] {Threei} wow patience
[15:56] {patience} big amount of options
[15:56] {patience} i hate it when my knees start knocking
[15:56] {GeoArb} how do we get to see the chart
[15:57] {patience} look at abx on the american side i guess...won't be exactly the same
[15:57] {_xzap} http://stockcharts.com/h-sc/ui?s=ABX.TO&p=D&yr=1&mn=0&dy=0&id=p68140005261
[15:57] {Threei} mags... no one significant
[15:57] {Threei} unless HRLY is
[15:58] {GeoArb} thansk
[15:58] {Threei} did we just bounce 40 p;oints on NQ?
[15:59] {hawkfan4} just about
[15:59] {Threei} unbelievable volatility
[15:59] {dptl} have a good evening all :)
[15:59] {Threei} take care dp
[15:59] {_xzap} u 2 dp
[15:59] {GeoArb} very intresting day
[15:59] {patience} yup
[15:59] {GeoArb} coming back down in last min
[16:00] {Threei} OK guys... we have one more day to be amused tomorrow
[16:00] {Threei} thank you all
[16:00] {_xzap} I know some don't agree with me, but I think today's sell off was a good thing
[16:00] {Threei} why, we agree
[16:00] {Onix} thanks & bye
[16:00] {_xzap} oh, OK Vad
[16:00] {Threei} flush is good for removing overhead on the way up
[16:00] {_xzap} c ya Onix
[16:01] {Threei} have a good evening, see you all tomorrow
[16:01] {_xzap} see ya Vad
[16:01] {_xzap} lte guys & girls

Wednesday, October 8, 2008

Oct 08 2008

Session Time: Wed Oct 08 00:00:00 2008

[07:42] {magoo} morn
06[07:42] * Threei slaps magoo around a bit with a large trout
[07:42] {Threei} oops... I meant good morning
[07:43] {magoo} wow that was quick
[07:43] {Threei} lol
[07:43] {magoo} vad...futs were down 350..up 150..what u thinking today?
[07:44] {Threei} you know, I want to reserve form ing opinion for a bit
[07:44] {magoo} dcc me it then
[07:44] {magoo} come on
[07:44] {Threei} reason is, I clearly allowed my longer term outlook to imact my intraday outlook yesterday
[07:44] {magoo} im there
[07:44] {Threei} so want to make sure I remain objective and trade what I see today
[07:49] {patience} i like that rate cut :) good morning rt
[07:49] {Threei} patience :)
[07:50] {magoo} vad, any news goog bidu aapl rimm??
[07:51] {_xzap} morning all
[07:53] {magoo} morn xzap
[07:54] {_xzap} The only news I saw on RIMM was from y'day magoo
[07:55] {Threei} zap :)
[07:55] {Threei} FED'S PLOSSER: RATE CUTS HAVE A "QUITE LIMITED" ABILITY TO NETRALIZE SYSTEMIC SHOCKS, RATE POLICY SHOULD BE AIMED AT CONTROLLING MEDIUM-TERM INFLATION
[07:55] {Threei} - Regulatory changes should not impare the Fed's independence, Fed must protect it independence
[07:55] {Threei} - Should "think twice" about broadening the Fed's supervisory role, worried by the Fed's balance sheet expansion.
[07:55] {Threei} - The Fed cannot eliminated all market instability, its main role is price stability.
[07:55] {Threei} - We should avoid unrealistic expecations for Fed intervention, calls on the Fed to deliniate clear boundaries for intervention. A systematic approach is needed for emergency lending.
[07:55] {Threei} - "Our preference" is to let market forces restructure financial services, notes that modern financial systems cannot be immune to all types of stress.
[07:57] {Threei} *CENTRAL BANKS ISSUE JOINT STATEMENT ON CO-ORDINATED RATE CUTS
[07:57] {Threei} - Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets.
[07:57] {Threei} - Inflationary pressures have started to moderate in a number of countries, partly reflecting a marked decline in energy and other commodity prices. Inflation expectations are diminishing and remain anchored to price stability. The recent intensification of the financial crisis has augmented the downside risks to growth and thus has diminished further the upside risks to price stability.
[07:58] {Threei} - Some easing of global monetary conditions is therefore warranted. Accordingly, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, Sveriges Riksbank, and the Swiss National Bank are today announcing reductions in policy interest rates. The Bank of Japan expresses its strong support of these policy actions.
[08:01] {Threei} lol, I forgot to post cut ityself
[08:01] {Threei} *CENTRAL BANKS ENACT COORDINATED INTEREST RATE CUTS; FED, ECB, SNB, BOE, RIKSBANK BANK OF CANADA, CHINA PARTICAPATE
[08:01] {Threei} -FED cuts base rate by 50bps to 1.5%
[08:01] {Threei} -ECB cuts base rate by 50bps to 3.75%
[08:01] {Threei} -SNB cuts base rates by 50bps to 2.5%
[08:01] {Threei} -BOE cuts rates 50bps to 4.5%
[08:01] {Threei} -Swedish Riksbank cuts base rate by 50bps to 4.25%
[08:01] {Threei} -Bank of Canada cuts base rate by 50 bps to 2.5%
[08:01] {Threei} -Bank of China cuts base rate 27bps to 6.93%
[08:01] {Threei} quite extraordinary measure
[08:02] {_xzap} what happens when the rate gets to 0 ?
[08:02] {Threei} it won't... sellers will run out of shares to sell sooner than that :)
[08:02] {patience} the gold buried in my back garden will be worth more than my property
[08:03] {_xzap} I wish I had bot some bullion in the 500 area
[08:03] {_xzap} I did buy silver bullion at $11
[08:04] {patience} i am disappointed with how silver has been performing lately
[08:04] {_xzap} me too patience
[08:04] {patience} gold up in spot market this morning
[08:04] {_xzap} I started to sell when it was near $20 but thought it was going to $50
[08:05] {patience} i bought silver wheaten options, sigh
[08:05] {_xzap} I used to trade SLW & GG a lot
[08:06] {patience} me to, i still am holding barrick, goldcorp, kinross
[08:06] {_xzap} oh yeah, I made some $$ on KGC
[08:06] {patience} i'm nervous of kinross with their russian holding
[08:06] {Threei} I watch SLW now and then
[08:07] {Threei} quite a wierdo
[08:07] {_xzap} here's my gold chart: http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=6&dy=0&id=p04450128489&a=99840231
[08:08] {patience} i've been trading gold for awhile, too much manipulation in it
[08:09] {_xzap} i quit trading gold when it got too violent in the swings
[08:10] {patience} i'm a goldbug....pretty much sums it up, blind faith
[08:10] {_xzap} LOL, #1 gap up right now is GOLD
[08:10] {_xzap} do you read Sinclair patience ?
[08:13] {patience} not really, just went and looked at it
[08:15] {_xzap} I rode Century Mining down from $1 and change to .40 cmm.v
[08:15] {patience} ouch
[08:15] {Threei} (CA) SEPT HOUSING STARTS: 217.6 K V 205.0KE
[08:15] {_xzap} yeah, it had a lot of promise or so I thought
[08:15] {Threei} crisis? what crisis?
[08:16] {patience} i traded junior miners 2 years ago and then switched into the big producers
[08:16] {patience} i prefer to scalp than to hold
[08:16] {_xzap} CMM was a spec.
[08:17] {_xzap} I've totally switched to day trading, I won't hold anything overnight
[08:18] {patience} vad taught me to scalp and now i hold minutes to days...but not long
[08:18] {_xzap} I started studying day trading this past January. So far I'm still at a net loss but I'm getting there
[08:19] {patience} managing risk.....learn from vad
[08:20] {_xzap} my mentor taught me how to play the mgr's (morning gap reversals). I still have problems with entry and exit
[08:20] {patience} platform or executing?
[08:20] {_xzap} executing
[08:21] {patience} ok, vad...over to you
[08:21] {_xzap} lol
[08:21] {Threei} I don't use his platform :)
[08:21] {Threei} won't work as a cop-out?
[08:22] {patience} ummm, no
[08:22] {Threei} I knew it
[08:23] {Threei} have you paper traded the method, zap?
[08:23] {_xzap} I've been looking for a room like this with a seasoned leader but some vol would be nice
[08:23] {_xzap} yes I have Vad
[08:23] {Threei} works?
[08:23] {_xzap} i still paper trade now some days
[08:23] {_xzap} yes on paper it works
[08:23] {Threei} I mean that particular method
[08:23] {_xzap} yes
[08:23] {Threei} what's your usual lot?
[08:23] {_xzap} 200 - 500
[08:24] {Threei} so, how about starting it with 50?
[08:24] {Threei} not much more psychological pressure than paper
[08:24] {_xzap} I have traded some 100 lots
[08:24] {Threei} build confidence in method, raise to 100 when it works consisntly for a week or two
[08:24] {_xzap} ok
[08:24] {Threei} raise to 200 when it works consistently over next couple weeks
[08:25] {Threei} increase size gradually to avoid sudden pressure
[08:25] {Threei} on your own comfort
[08:25] {_xzap} under normal mkt conditions, the handful of stocks I trade will easily move 2 -3 points on a reversal
[08:25] {Threei} ease in so to speak
[08:25] {Threei} what do you mean by "some vol would be nice"?
[08:26] {_xzap} vol in the market so we could get normal runs
[08:26] {Threei} well, it will return
[08:26] {Threei} soon enough
[08:26] {Threei} btw, unless there is an extention, short ban expires this evening
[08:26] {_xzap} i try not to trade if the vol on a stock is less than 10k a minute
[08:27] {Threei} that alone should add volume
[08:28] {_xzap} I was taught top down trading, Market, sector, futures, tick & trin but right now the mky is so thin
[08:29] {_xzap} BTW patience, GOLD & AAUK are 2 top gap ups, gold is gonna be in play today I guess
[08:30] {patience} would be nice, i would so love some momo
[08:30] {_xzap} I just scan for stocks } $10 so there's probaly a lot more
[08:33] {Threei} CELL
[08:33] {Threei} SIGNS AGREEMENT IN SOUTH AGRICA WITH SAMSUNG
[08:36] {_xzap} patience } GOLD gap up $5.73
[08:36] {_xzap} anyone want coffee [ ]}
[08:37] {cosmo} add a shot
[08:38] {cosmo} tequila pls
[08:39] {_xzap} the futures have turned
[08:39] {Threei} NQ went from 30+ to red
[08:40] {Threei} see why I am hesitant to form premature opinions today mags?
[08:40] {Threei} central banks around the world take unprecendented measures and signal that they will do whatever it takes to turn this situation around,
[08:41] {Threei} yet market drops.
[08:41] {Threei} It tells me, all their measures will work of course, there is no doubt,
[08:41] {Threei} but market will turn on its own terms
[08:41] {Threei} when it gets rid of early longs,
[08:41] {patience} with as few onboard as possible
[08:41] {Threei} of those who stubbornly hold
[08:41] {Threei} right
[08:42] {Threei} when all the hope lost,
[08:42] {Threei} and when notion of "this sucker is going down" becomes widely accepted.
[08:42] {Threei} There is too much money to be made when it happens,
[08:43] {Threei} no need to cut our fingers trying to get exact moment now.
[08:47] {hawkfan4} "this sucker is going down"
[08:47] {Threei} lol
[08:47] {Threei} meanwhile NQ -26
[08:47] {Threei} over 50 points reversal
[08:47] {hawkfan4} relentless sellers
[08:48] {Threei} truly amazing
[08:49] {Threei} look at BAC
[08:49] {Threei} so, when they bought countrywide and merryl... what exactly did they buy?
[08:50] {peterg} morning, back in hr
[08:50] {Threei} hi peter
[08:50] {hawkfan4} crushed. finnies could get sold today ahead of the short ban ending. then the short ban will end, and they'll get sold again
[08:50] {Threei} lol
[08:51] {Threei} so they get sold no matter what?
[08:51] {Threei} how about ban on selling - will they get sold anyway?
[08:51] {Threei} this looks like resort measure :)
[08:51] {hawkfan4} i see no other option...they'd find a way :)
[08:52] {Threei} I've no doubt
[08:52] {Threei} if that takes injecting 10T they'll do it
[08:53] {Threei} any expense imaginable is cheaper than letting total metdown happen
[08:53] {Threei} and consdering that money is being created by mouse click - what is there to stop them?
[08:54] {hawkfan4} i'm imagining Bernake watching the futures and holding his head, like a trader stuck in a really bad losing position
[08:54] {patience} nah, he's out on job interviews
[08:54] {_xzap} lol hawk, so true
[08:55] {Threei} took 500 at .25 DELL
[08:55] {Threei} this is getting ridiculous
[08:56] {Threei} wet soapy babies are flying everywhere
[08:58] {Threei} now, I am going for a smoke... and when I return I want to see DELL above 14
[08:58] {hawkfan4} lol
[08:58] {_xzap} they built a new Dell plant near me 2 -3 years ago and now there's talk of it closing
[08:59] {_xzap} I haven't had a cigarette in 1 1/2 years, going for a smoke sounds soooo good
[09:00] {patience} my father died in may from smoking, it's not good
[09:00] {_xzap} I quit because of a heart attack at 50
[09:00] {cosmo} cigarettes anyway
[09:00] {Onix} Good morning all
[09:01] {_xzap} morning Onix
[09:02] {_xzap} LOL, me too cosmo
[09:02] {Threei} onix :)
[09:03] {Threei} hmm... stuff I smoked was not strong enough to send DELL to above 14 :)
[09:03] {cosmo} yeah...i don't care what gas costs.... i still smoke my tires.
[09:03] {cosmo} hehe
[09:03] {_xzap} lol
[09:04] {_xzap} I think maybe the BIG sell off is near, maybe today
[09:04] {Threei} market sure feels this way
[09:06] {GeoArb} gm all
[09:06] {Threei} geo :)
[09:06] {_xzap} Geo
[09:07] {cosmo} careful...soapy babies are slipery
[09:07] {Threei} Russian exchange is closed till Fri
[09:08] {Threei} let me repost what I said earlier:
[09:08] {Threei} [07:44] {Threei} I want to reserve forming opinion for a bit
[09:09] {Threei} [07:44] {Threei} reason is, I clearly allowed my longer term outlook to imact my intraday outlook yesterda
[09:09] {Threei} [07:44] {Threei} so want to make sure I remain objective and trade what I see today
[09:09] {Threei} 80 points reversal NQ
[09:10] {cosmo} need another rate cut ...before the open maybe
[09:10] {_xzap} When the Buffet effect didn't work on GE, I knew that couldn't be a good thing
[09:12] {Threei} so far it looks like panic is about to hit right out of the gate
[09:13] {Threei} DJI -213
[09:13] {_xzap} I think that's what the mkt needs Vad, a violent drop
[09:13] {Threei} probably
[09:13] {Threei} washout
[09:13] {_xzap} yep, shake it all out and start building a base
[09:14] {Threei} can you smell desperation is this comment:
[09:14] {Threei} GOLDMAN CHEIF OF GLOBAL ECONOMIC RESEARCH O'NEILL: COORIDNATED RATE CUTS WERE AGRESSIVE AND A VERY POSITIVE STEP
[09:15] {Threei} (FR) FRENCH PM: FRANCE IS READY TO ACQUIRE STAKES IN BANKS, UNDER CERTAIN CONDITIONS
[09:15] {Threei} or this:
[09:15] {Threei} CITIGROUP NOW EXPECTS ECB TO CUT RATES TO 2% BY THE END OF 2009
[09:18] {_xzap} 95% of retailers lowering guidance
[09:18] {Threei} no wonder
[09:19] {Threei} consumer confidence is evaporating
[09:20] {_xzap} I think one thing that really has the mkt on hold right now is all the CEO's that came on TV and said "we are fine" only to tank the next day
[09:20] {_xzap} no trust
[09:21] {dptl} good morning all
[09:21] {Threei} dp :)
[09:22] {_xzap} hi dp
[09:22] {dptl} :)
[09:22] {_xzap} Vad, why is the dollar so strong ? That I don't understand
[09:22] {Threei} SEC'S COX: CONGRESS MUST ACT NOW TO PROVIDE OVERSIGHT FOR CREDIT/DEFAULT SWAP MARKETS
[09:23] {Onix} hi dp:)
[09:23] {Threei} I'll submit to Cox, they should have acted on CDS years ago
[09:23] {dptl} :) Onix
[09:23] {Threei} zap... a lot of theories, none of them short enough to post here,
[09:24] {Threei} a very very short jist would be:
[09:24] {Threei} deeply oversold levels plus realisation that Europe situation is probably even more dire than USA
[09:24] {_xzap} look what it's done since mid July: http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=3&mn=0&dy=0&id=p02312263577&a=99941010
[09:25] {Threei} plus complicated carry trades and derivatives suddenly leading to sahirtage of USD in Central banks
[09:25] {Threei} plus 5 more factors, too much for me to remember
[09:28] {Threei} call me a whimp, but I am out that half lot DELL .50
[09:29] {Threei} DNDN
[09:29] {Threei} HEARING RENEWED CHATTER THAT DNDN MAY ANNOUNCE A PARTNERSHIP WITH A BIG PHARMA COMPANY
[09:30] {Threei} NUAN
[09:30] {Threei} SIGNS MULTI-YEAR AGREEMENT WITH NOKIA, SPANNING ADVANCED INPUT TECHNOLOGIES AND OPEN DEVELOPMENT FRAMEWORK
[09:32] {Threei} UPDATE: CANACCORD ADAMS RAISED RIMM TO BUY FROM HOLD
[09:32] {Threei} - pre-open
[09:37] {Threei} Long Setup: DELL .41
[09:37] {Threei} .29 stop
[09:38] {Threei} half out .56
[09:38] {Threei} scalpers know what to do
[09:38] {Threei} stop to .39 for holders of half
[09:39] {magoo} out ty vad
[09:39] {Threei} welcome sir
[09:39] {GeoArb} TY vad
[09:39] {Threei} out in full .75
[09:41] {Threei} candidates for pullback entry: XLNX and ADBE
[09:43] {_xzap} DRYS setting up for short
[09:44] {Threei} ADBE 29.06 half lot break
[09:45] {Threei} XLNX 21.25 half lot
[09:45] {Threei} ADBE invalidated
[09:45] {Threei} bounce candidate rather
[09:46] {Threei} XLNX is valid as long as holding above 21
[09:50] {Threei} XLNX over 1:1
[09:51] {Threei} ADBE slipped through fingers
[09:51] {_xzap} DRYS res at 22.5
[09:52] {esemde} good morning
[09:52] {Threei} ese :)
[09:52] {_xzap} hey ese
[09:53] {Threei} Long Setup: NUAN 11.81 half lot if stays above .60
[09:54] {Threei} German Fin Min Steinbrueck stated in a letter to US Treasury's Paulson that markets are still far from being “out of the woods” and called for for a global ban on certain short selling activities.
06[09:54] * Threei is crying
[09:56] {_xzap} Vad, do you place buy stop orders such as 11.81 on NUAN ?
[09:56] {hawkfan4} how many points is the dow down since the short ban?
[09:56] {Threei} no, I execute manually
[09:56] {_xzap} ok
[09:56] {Threei} no kidding hawk
[09:57] {_xzap} pending home sales at 10 am
[09:59] {_xzap} Vad, here's part of my problem. I wanted to short DRYS @ 22.50 but didn't pull the trigger. Now it's down almost 1 point
[10:00] {Threei} zap... best book I can recommend on this kind of troubleshooting for practically any frequent problem:
[10:00] {Threei} http://www.realitytrader.com/masterplan/
[10:00] {_xzap} ok
[10:00] {Threei} AUG PENDING HOME SALES: 7.4% V -1.3%E
[10:00] {Threei} - prior revised from -3.2% to -2.7
[10:01] {Threei} hmm
[10:01] {GeoArb} dino buying again
[10:01] {Threei} isn;'t it an unexpectedly good number
[10:01] {Threei} lol
[10:01] {magoo} vad..should we be buying pullbacks or shorting spikes?
[10:01] {Onix} lies me thinks
[10:02] {Threei} for now, buying pullbacks mode mags
[10:02] {Threei} but let's keep it to half lots
[10:02] {magoo} k
[10:02] {Threei} it's not like all the nervousness got removed from market over last 30 minutes
[10:03] {Threei} onix.. even if number is true... it's pending, so certain % of those will fall trough for the lack of financing
[10:04] {Threei} and I'd suspect in current credit crunch it will be signifiant %
[10:04] {Onix} all true
[10:04] {GeoArb} so whats the trickle down timeline again?
[10:04] {_xzap} I really don't like this swing from pm to the open
[10:05] {_xzap} CSIQ at 12.40 ?
[10:06] {Threei} .41
[10:06] {Threei} and puyllback is too deep now
[10:06] {Threei} invalidated as breakout unless goes through new consolidation between .20 and .40
[10:07] {_xzap} I see res at the pivot lines
[10:07] {GeoArb} i guess nuan still on
[10:07] {Threei} it is but keep an eye on futs
[10:08] {Threei} all these plays are valid only with market resumping strength
[10:11] {Threei} if market returns to melancholic mode, NUAN will be a short on .60 breakdown
[10:17] {Threei} feel free to cover NUAN for a scalp
[10:21] {_xzap} got + .16 out of NUAN
[10:22] {Threei} cool beans
[10:22] {GeoArb} "cool beans"
[10:22] {_xzap} but that just covers com. on 100 shares
[10:22] {Onix} ty Vad, got .18 in NUAN
[10:22] {Threei} geo... whatever you do today, do NOT keep score which is now stands at 3 for 3
[10:22] {hawkfan4} lol
[10:22] {Threei} onix :)
[10:22] {GeoArb} my tally pad is flushed
[10:22] {GeoArb} and off course you mentioned the numbers
[10:23] {Threei} well zap... 100 shares is not really money making lot unless you play something of RIMM kind... it's a training lot
[10:23] {GeoArb} in laser i need about 2 cents regardless of share size
[10:23] {_xzap} I'm just gun shy from previous losses and this real thin mkt
[10:23] {GeoArb} right vad?
[10:24] {GeoArb} i am counting in and out and ECN passthrus
[10:24] {_xzap} Scott Trade, I need .14 for break even
[10:24] {Threei} actually yes... do you pay per share commissions or per order, zap?
[10:24] {GeoArb} scotttrade
[10:24] {GeoArb} ticket
[10:24] {_xzap} per order, $7
[10:24] {Threei} no good for less than 100 shares then
[10:24] {GeoArb} gotta pay for the helecopter :)
[10:25] {Threei} less than 1000 sorry
[10:25] {_xzap} i know
[10:25] {Threei} and execution on scott... sorry, never heard much compliments about that
[10:27] {_xzap} it does take 2 fills sometimes over 500
[10:27] {Threei} and you pay two tickets??
[10:27] {_xzap} no, just 1
[10:27] {Threei} whew
[10:27] {_xzap} SQNM break down
[10:27] {Onix} Questrade at least charges only $4.50 in & $4.50 out up to 499 shares
[10:28] {GeoArb} what we need vad is to open a brockerage
[10:28] {GeoArb} brokerage too
[10:28] {_xzap} too late on SQNM, missed that one
[10:28] {Threei} I'd agree with you if it was 1998 :)
[10:28] {GeoArb} :)
[10:28] {_xzap} whay do you guys use ?
[10:29] {Threei} laser
[10:29] {Onix} I use Genesis' Laser platform
[10:29] {GeoArb} I signed up for real moneyand signed up for a "book" on options on futures......I got a call from a full service broker for 15 min.....then me mailed me a CME booklet !!!!
[10:29] {_xzap} Is it just a platform for entering orders ?
[10:29] {Onix} $0.05 per share
[10:30] {Threei} it's a full package zap
[10:30] {GeoArb} what else would you need xzap?
[10:30] {Threei} quotes, charts, executions
[10:30] {Threei} *US TSY TO REOPEN SECURITIES IN MULTIPLE AUCTIONS
[10:31] {Threei} click on an icon on our homepage zap, and ask for a demo
[10:31] {_xzap} ok, thx
[10:31] {Threei} run it for a week, see if you like it
[10:31] {_xzap} I hate setting up a whole new program
[10:32] {Threei} pay to scotttrade then :)
[10:32] {_xzap} lol
[10:32] {Threei} hehe
[10:32] {Threei} come on... takes what, 10 min?
[10:32] {_xzap} I'm looking now
[10:32] {Threei} who installed laser more or less recently
[10:32] {GeoArb} me?
[10:32] {Threei} more than 10 min?
[10:32] {Onix} I did
[10:32] {Threei} or less?
[10:33] {_xzap} and the fees are what ?
[10:33] {Threei} especially if using pre-canned layouts
[10:33] {Onix} VERY quick & easy with LaserDave's help
[10:33] {GeoArb} i just borrowed vads and daves
[10:33] {Threei} read there on a webpage zap
[10:33] {GeoArb} and mixed em
[10:33] {Threei} laserdave is moving these couple days, so maybe a phone call will be faster than e-mail
[10:34] {_xzap} I would like a system where you can enter a stop at the same time you enter a buy in one order
[10:34] {GeoArb} hmmm
[10:34] {Threei} sorry, two separate operations
[10:34] {_xzap} I think they all are
[10:34] {GeoArb} depends xzap
[10:35] {GeoArb} use button trader with IB it throws a bracket out.... stop and target
[10:35] {GeoArb} but you loose a lot on speed
[10:35] {GeoArb} as vad will testify i went on that journey
[10:35] {Threei} DOE CRUDE: +8.21M V +2.4ME; GASOLINE: +7..2M V +1ME;
[10:35] {Threei} oh boy
[10:35] {esemde} OK....added another full lot of NVDA at 7.25
[10:35] {Threei} we are awash in oil
[10:36] {Onix} but the price is holding well
[10:36] {Threei} ese... what's your time horizon for NVDA?
[10:36] {Threei} price of what onix?
[10:37] {Threei} USO dropped dolar and half on numbers
[10:37] {Onix} oil
[10:37] {esemde} months ....possibly a year
[10:37] {Onix} oh did not watch USO
[10:37] {Threei} :)
[10:38] {Threei} ese... I believe you are getting firesale prices
[10:38] {Threei} I honestly can't imagine all DELLs and NVDAs of the world remaining this low
[10:39] {esemde} On this one for sure.......at the very least it could be bought out for anywhere between 15 and 20 a share....which I doubt would happen
[10:39] {_xzap} so laser is $200 a month ?
[10:39] {Threei} shhh zap
[10:39] {_xzap} lol
[10:39] {Threei} there is a little dirty secret
[10:40] {Threei} dcc for it :)
[10:43] {Threei} USO is down more
[10:52] {Threei} market narrowed
[10:52] {Threei} staying on a sideline, waiting for next road signal
[10:55] {Onix} Until later then, gotta go to my real job now
[10:58] {Threei} getting interested in AA but so far can't get its rythm
[11:01] {Threei} US TREASURY SEC PAULSON WILL REPORTEDLY SPEAK AT G7 CONFERENCE LATER TODAY
[11:04] {Threei} AA
[11:04] {Threei} .61 lng
[11:04] {Threei} .49 stop
[11:04] {Threei} argh
[11:04] {Threei} a bit late
[11:05] {GeoArb} second c\hance?
[11:05] {Threei} yes
[11:05] {Threei} got .56
[11:07] {Threei} half out .74
[11:07] {Threei} full out.85
[11:07] {magoo} out .88 TY vaad
[11:07] {Threei} welcome sir
[11:08] {GeoArb} all out .89
[11:08] {GeoArb} was in .63
[11:08] {dptl} ty aa +.30
[11:08] {Threei} close enough
[11:08] {Threei} good job guys
[11:08] {GeoArb} nice vad
[11:09] {_xzap} DRYS @ 20.70 ?
[11:09] {Threei} wow
[11:09] {Threei} it's 65 cents from here :)
[11:10] {_xzap} SQNM 18 ?
[11:11] {Threei} not clear SQNM
[11:12] {_xzap} ADBE
[11:13] {Threei} if market resumes strength, AA could be a nice runner off 14 break
[11:13] {Threei} risky one
[11:15] {magoo} vad..yu think we going down 350 today?
[11:15] {Threei} no
[11:15] {Threei} but then again, I didn't think that yesterday either
[11:15] {GeoArb} sounds like a town hall answer vad
06[11:16] * Threei slaps GeoArb around a bit with a large trout
[11:17] {GeoArb} geo{-- agrees market has slowed down too
[11:19] {Threei} hint Geo... that's not the way to talk a man who is running 4 for 4 today (not that we keep score)
[11:20] {GeoArb} geo{-- bows and scrapes and shuffles away.... not keeping score off course
[11:20] {Threei} nope
[11:21] {Threei} half out AA
[11:21] {Threei} that would constitute 5 for 5 IF we kepr score
[11:21] {GeoArb} half out .11
[11:21] {GeoArb} wow
[11:22] {Threei} out in full
[11:23] {GeoArb} out now
[11:23] {GeoArb} .26
[11:23] {GeoArb} saweet
[11:24] {GeoArb} i LOVE hotkeys
[11:24] {GeoArb} thanks dptl
[11:24] {dptl} :)
[11:25] {GeoArb} oh yeah... thanks vad
[11:27] {Threei} pullbacks are buyable, IMO
[11:27] {Threei} just don't jump in too soon
[11:28] {Threei} or wait for some consolidation followed by break
[11:28] {Threei} ADBE, AA
[11:29] {_xzap} DRYS at .21 ?
[11:29] {Threei} very nice pullback AA
[11:29] {Threei} 21 break
[11:29] {Threei} on DRYS
[11:30] {GeoArb} heheheh
[11:30] {GeoArb} i went .21 break on aa
[11:30] {GeoArb} got out 26 after reading next line
[11:30] {GeoArb} 5 cents
[11:30] {Threei} it has more in it if market resumes
[11:31] {Threei} and it should
[11:31] {_xzap} $21 break or .21 break Vad on DRYS?
[11:31] {Threei} 21
[11:31] {Threei} but pullbacks are way too deep on it for my taste
[11:31] {_xzap} k
[11:31] {Threei} too volatile for reliable read
[11:32] {_xzap} Semi's #2 hot group right now
[11:33] {Threei} what's number 1?
[11:33] {_xzap} Gold & Silver
[11:33] {_xzap} missed a good run on FMER
[11:34] {esemde} am back...screen trouble
[11:34] {Threei} sizeable pullback ADBE also
[11:34] {Threei} wait for market to resumption
[11:35] {_xzap} thx for the info Vad, I talked to dave
[11:36] {Threei} still selling in the market but reversal feels close
[11:37] {GeoArb} quick Q.... do people here have TTN?
[11:37] {GeoArb} as vad posts the imp stuff anyway
[11:38] {GeoArb} trying to cut back on subscriptions
[11:38] {_xzap} what's TNN Geo?
[11:38] {GeoArb} tradethenews
[11:38] {Threei} in AA
[11:38] {_xzap} nope
[11:38] {Threei} stop .15
[11:39] {Threei} missed ADBE
[11:39] {Threei} just a scalp most likely, don't chase above .25
[11:45] {_xzap} JOYG near day's low
[11:45] {magoo} 200 down boss
[11:45] {Threei} and counting
[11:46] {Threei} easy money maybe done for now
[11:47] {_xzap} JRCC short ?
[11:47] {Threei} on bounce preferrably
[11:48] {Threei} .30 -.40 area is closest resistance
[11:48] {_xzap} FWLT short ?
[11:49] {Threei} how many of them are you playing at the same time?
[11:49] {Threei} JRCC just bounced into resistance
[11:49] {_xzap} I watch 5 charts
[11:50] {Threei} yes, but 5 open positions in such thin and fast stocks?
[11:50] {Threei} look at JRCC
[11:50] {Threei} beautiful drop right off resistance area
[11:50] {_xzap} oh no, just watch for pivots and res/sup
[11:50] {Threei} you took it?
[11:50] {Threei} focus man, focus :)
[11:50] {_xzap} didn't tak eit Vad
[11:50] {_xzap} carpet cleaner is here
[11:51] {dptl} lol
[11:51] {GeoArb} lol
[11:51] {Threei} oh I see... you ask just to make me work :)
[11:51] {GeoArb} thats whats funny
[11:51] {_xzap} yes, so I can learn
[11:51] {GeoArb} prodding vad out sleep
[11:51] {_xzap} and I like to hear you talk, I like your accent
[11:51] {dptl} maan you guys...lol
[11:51] {Threei} lol
[11:52] {dptl} can concentrate :)
[11:52] {dptl} cant
[11:52] {Threei} so, group opinion... does this deserve baptising by trout?
[11:52] {patience} yup
[11:52] {Threei} only spelled right
06[11:52] * magoo slaps _xzap around a bit with a large trout
06[11:52] * Threei slaps _xzap around a bit with a large trout
06[11:52] * dptl slaps _xzap around a bit with a large trout
06[11:52] * GeoArb slaps _xzap around a bit with a large trout
[11:52] {_xzap} LMAO
[11:52] {Threei} there... NOW you are member of the group
06[11:53] * hawkfan4 slaps _xzap around a bit with a large trout
[11:53] {Threei} hawk is real trader... he took profit on JRCC first, slapped later
[11:53] {hawkfan4} lol
[11:56] {_xzap} CRZO near losing S2
[11:58] {GeoArb} i have seen the calculations of the pivots xzap
[11:58] {GeoArb} do you think that works better than looking for prev supp res?
[11:58] {_xzap} on QT ?
[11:58] {GeoArb} yes
[11:59] {dptl} i think it all depends on how many people look at this staf on that day geo
[11:59] {_xzap} I use S1 & S2, R1 & R2 and a pivot, they are usually pretty spot on
[11:59] {GeoArb} my impression has been it works better on futures.... but then i dont say this from my lake front estate so........
[12:01] {_xzap} yeah, I've yet to move to the lakefront myself
[12:01] {_xzap} I use them in combination with EMA's and stochs
[12:01] {GeoArb} ok
[12:01] {_xzap} works very well in theory, I'm just gun shy right now from some previous losses
[12:02] {_xzap} see how CRZO bounced off S2 Geo and has moved up .65
[12:03] {GeoArb} Ill have to fire up QT.... I am just using laser charts
[12:03] {GeoArb} will do after market hrs
[12:06] {Threei} starting looking for shorts
[12:06] {Threei} hesistated on DELL .60 break
[12:11] {Chaeron} good afternoon all
[12:11] {Threei} awww
[12:11] {Threei} hi chaeron :(
[12:11] {GeoArb} tch tch
[12:12] {Chaeron} ? something I said?
[12:12] {GeoArb} we dont keep count....
[12:12] {Threei} nah
[12:12] {Threei} just too bad you missed this morning
[12:12] {GeoArb} of wins
[12:13] {Chaeron} I had to go all the way home again for 2 bottles of Vodka
[12:13] {GeoArb} ok that reason wins
[12:13] {Chaeron} that's why I'm late :(
[12:13] {GeoArb} chaeron where do you work again?
[12:13] {patience} are they both empty?
[12:14] {Chaeron} no patience... gifts for a lawyer
[12:14] {GeoArb} wo
[12:14] {Chaeron} sorry to diappoint..
[12:14] {GeoArb} you must have done something really bad
[12:14] {Chaeron} I'm in Fashion Island geo
[12:14] {Chaeron} noooooooo
[12:14] {Threei} DELL bounced into resistance
[12:14] {Chaeron} just signed a deal
[12:14] {Threei} short on market wekening again
[12:15] {Threei} in
[12:15] {Threei} stop above .60
[12:15] {Threei} most likely just a scalp
[12:15] {GeoArb} in .55
[12:16] {Threei} no worky
[12:17] {GeoArb} yo still have that bottle chaeron? :)
[12:17] {_xzap} hi Chaeron
[12:17] {Chaeron} yeah....
[12:17] {GeoArb} :)
[12:17] {Chaeron} hey Zap :)
[12:18] {_xzap} watching JRCC to lose the .50
[12:21] {_xzap} looks like a lot of stocks are holding at S2
[12:23] {patience} ok, off to do 10k, abx +1.57, trades nicely this morning
[12:24] {_xzap} a 10K run patience ?
[12:25] {patience} every day
[12:25] {_xzap} wow
[12:26] {_xzap} I run up and down the steps to fix lunch
[12:26] {patience} great, exercise in whatever form works :)
[12:27] {_xzap} JRCC near .50
[12:30] {_xzap} don't know why I didn't trade that
[12:32] {peterg} wht stops me from trading mostly is fear
[12:32] {peterg} trying to train self to act on probabilities
[12:33] {_xzap} DRYS losing whole number
[12:34] {_xzap} spot gols is $909, S&P is 971, will they cross ?
[12:34] {_xzap} gold
[12:44] {Threei} ADBE changes too fast to call it real time
[12:45] {Threei} try to obsderve it and get a feel for its pullbacks and bunces
[12:45] {Threei} works quite well for quick scalps
[12:45] {Threei} never chase it
[12:45] {Threei} buy on pullbacks deeper than you would think normal
[12:45] {Threei} offer into jumps back up
[12:52] {_xzap} # 1 losing sector, Life Insurance
[12:54] {_xzap} CSIQ trying to get above whole number
[12:56] {_xzap} FWLT running up
[12:59] {_xzap} man, people are selling into ANY little run
[13:00] {Threei} well... they are also buying any pullback
[13:00] {Threei} which keeps us in locked market for now
[13:00] {Threei} look ADBE
[13:00] {Threei} this is preview of things to come qwhen bull starts roaring
[13:01] {Threei} real moves instead of tiny scalps
[13:02] {_xzap} the NAS stocks I follow are down 50 - 70 %. When the bull comes it will back to 5 -10 point moves
[13:03] {magoo} forgot what its like vad
[13:03] {Threei} start remembering slowly
[13:04] {Threei} don't jump in with both feet yet of course
[13:05] {Threei} we will have a lot of time when it starts, it's not going to be a week or two
[13:06] {_xzap} MM's back from lunch it looks like
[13:08] {magoo} vad..u think close green?
[13:08] {Threei} very possible
[13:11] {Threei} if you watched ADBE closely, you'd take .67-.70 on this last pullback
[13:11] {_xzap} LIHR setting up for a pullback
[13:14] {Threei} 30 break is coming with market help
[13:14] {Threei} came
[13:15] {Threei} a bit too fast
[13:15] {Threei} anyone managed to grab it?
[13:18] {Threei} prime minister is in town... what am I doing here with you sleepyheads
[13:18] {_xzap} JRCC @ 16.01 ?
[13:19] {Threei} nah
[13:19] {Threei} spiked too vertical into resistance
[13:19] {Threei} if consolidates a little, then yes
[13:20] {laserdave1} magoo dcc please
[13:31] {Threei} even though we are still in red, do you feel how differently market feels and acts today?
[13:31] {magoo} feels like coiling vad
[13:32] {Threei} see how much more wilingly stocks go up now?
[13:33] {hawkfan4} definitely getting more interesting
[13:36] {Threei} pullbacks are really getting bought
[13:40] {Threei} FITCH CUTS ICELAND'S SOVEREIGN RATINGS
[13:43] {Threei} do you guys watch ADBE?
[13:43] {Threei} not necessary playing
[13:43] {Threei} but watching to see how it's goling to work everywhere very soon
[13:44] {Threei} hmmm
[13:44] {Threei} I guess I'll see you all in 6 months
[13:50] {GeoArb} 6 months?
[13:50] {Threei} yup
[13:51] {GeoArb} wgat did i miss?
[13:51] {Threei} wheh you sleepyheads will have missed first huge leg of bul market
[13:56] {_xzap} I see a lot of stocks making V bottoms today
[13:57] {_xzap} intra day, not long term
[13:57] {Threei} and each pullback is a mini-V
[13:58] {Chaeron} dang... missed SPWRA at 48.15
[13:58] {Chaeron} nice set up
[13:59] {Threei} very
[14:02] {Threei} http://www.telegraph.co.uk/news/worldnews/europe/russia/3159998/Russian-president-Dmitry-Medvedev-calls-for-Europe-to-freeze-out-US.html
[14:02] {GeoArb} pshaw
[14:02] {GeoArb} its not like they relate to him
[14:03] {GeoArb} vad my LII and charts are intermittent
[14:03] {GeoArb} server number?
[14:03] {Threei} 12
[14:04] {peterg} Love potion number 9
[14:04] {peterg} random assoiciation
[14:04] {GeoArb} umm i change all?
[14:05] {_xzap} WERN could run
[14:06] {Threei} not sure what you are asking geo
[14:06] {_xzap} Vad } buy WERN on pullback to 21
[14:08] {_xzap} or 20.69 area maybe ?
[14:09] {Threei} if marker pulls back, drags WERN there, then reverses
[14:09] {Threei} these things should be p[layed with general market
[14:09] {_xzap} I just fixed a mess of fried green tomatoes. Anyone else like 'em ?
[14:26] {Threei} let's sit out next 30 minutes
[14:26] {Threei} and see what last hor brings
[14:26] {Threei} everyone's happy with today so far?
[14:26] {magoo} yup
[14:26] {patience} that was an expensive run i went on
[14:26] {patience} good thing i kept the barrick options
[14:27] {Threei} "can do no wrong" day
[14:27] {Threei} direct opposite of yesterday
[14:27] {patience} totally, just a joy to trade....
[14:27] {Threei} and yesterday was my own fault completely
[14:27] {Threei} just allowed my opinion to override the read
[14:27] {magoo} yes it was {he he as magoo runs for cover}
[14:27] {Threei} happens to me once a year
06[14:27] * Threei slaps magoo around a bit with a large trout
[14:27] {Threei} run faster
[14:28] {Threei} now, last hour will be a bit tougher,
[14:28] {Threei} because market will try to sort olut what to do next
[14:29] {Threei} so we will see if there is something easy to read,
[14:29] {Threei} keep lot to half
[14:29] {Threei} and again,
[14:29] {Threei} memorize the way stocks acted today off pullbacks,
[14:29] {Threei} this is preview of things to come
[14:29] {Threei} when we stop scalping for 15 cents
[14:29] {peterg} jiggity
[14:30] {Threei} and hunt for much bigger moves,
[14:30] {Threei} partial out more vs taking full profit
[14:30] {Threei} letting them run in other words
[14:31] {Threei} have a look at RIMM
[14:31] {Threei} over 6 bucks run up
[14:31] {peterg} made most of yesterday back in it with little bites
[14:31] {Threei} 3 of them are obtainable on a single trade if we are in bull market mode
[14:34] {_xzap} GOLD rolling over
[14:36] {Threei} this is first pullback NQ over a few hours that penetrated lower band
[14:39] {peterg} Vad, talking about day or also overnight holds?
[14:43] {_xzap} JRCC short under 16.9 ?
[14:44] {Threei} with stop over 17.10
[14:47] {Threei} ECB'S KRANJEC: ADDITIONAL ACTION WILL BE EVALUATED IN TIME AS NECESSARY
[14:47] {Threei} I am telling you guys... they will throw any amount of money at this
[14:48] {Threei} and eventusally create so much money eager to jump in that bull market will be as insane as bear was
[14:48] {_xzap} i don't see where there's a choice any more Vad
[14:48] {magoo} cramer posts down day tomorrow with holiday, margin calls etc
[14:48] {Threei} cool... I am ready to buy then mags
[14:48] {Threei} guy's record is perfect
[14:49] {Threei} fade him and you are in the money 95% of the time
[14:49] {magoo} roflol tru dat
[14:49] {Threei} zap... lost me sorry
[14:49] {_xzap} in JRCC @ 16.9
[14:49] {_xzap} I don't think the gov. has any choice now
[14:50] {Threei} nope
[14:50] {Threei} they have to stop it at any cost
[14:50] {Threei} and they will
[14:50] {_xzap} fire up the presses
[14:50] {Threei} eqzaktly
[14:50] {Threei} inflate your way out of problem, damn the consequences 3 years later
[14:51] {_xzap} stopped out JRCC
[14:51] {Threei} broader picture wise, I really hope they'll use the breathing time they get to fix the root of problem
[14:51] {Threei} not really holding my breath for that
[14:51] {Threei} but still hope
[14:52] {Threei} if they don't, a few years down the road we will have even bigger problem
[14:52] {Threei} someone must show leadership and make tough choices
[14:53] {peterg} ok--just paid off mortgage on house....should I take out a new ?
[14:53] {peterg} to pay back in cheaper dollars
[14:53] {Threei} why limit yourelf to just one... :)
[14:53] {peterg} one, a second & a third!!!
[14:53] {Threei} on serious note, that won't work peter
[14:54] {peterg} am a fiscal conservative; have little debt
[14:54] {peterg} like it that way
[14:54] {Threei} what you make will lag behind the inflation
[14:54] {Threei} unless you make a killing in a stock market... but then, why take out mortgage at all
[14:55] {peterg} yep
[14:55] {Threei} one sign of bull market is still missing
[14:55] {Threei} we have everything in place:
[14:56] {Threei} huge drop, all talking heads on TV saying this is the end of the world,
[14:56] {Threei} doom and gloom everywhere
[14:56] {Threei} but one thing is missing:
[14:56] {Threei} Maria still hasn't said it's time to learn how to short and hasn't provided a list of stocks to short
[14:57] {hawkfan4} lol, so true
[14:57] {magoo} that WAS the bottom he he
[14:57] {Threei} yup... :)
[14:57] {Threei} that was what, about a week or two before my bottom call in 2003? :)
[14:58] {Threei} btw, not sure I posted it
[14:58] {Threei} http://www.realitytrader.com/blog/2008/10/information-price-divergence.html
[15:01] {magoo} vad..my usual question here
[15:01] {Threei} can't tell yet
[15:02] {hawkfan4} i bet if we close down maria will be putting that list together real soon
[15:04] {_xzap} is this struggle between bulls and bears a good sign of bottom ?
[15:04] {Threei} I don't see it in such terms
[15:04] {Threei} there is always a struggle between them
[15:05] {Threei} more than that, I am not even sure we have seen the bottom
[15:05] {Threei} one green day bull market does not maketh
[15:05] {_xzap} Oh, I'm sure were aren't at the bottom
[15:05] {Threei} botrtoming out is not an event
[15:05] {Threei} it's a process
[15:05] {Threei} we are working through it
[15:06] {Threei} bulls are slowly getting back in saddle
[15:06] {Threei} bears are overconfident,
[15:06] {Threei} they don't take any hit as more than a pinch yet
[15:07] {Threei} there is a lot of liquidation happens,
[15:07] {Threei} some forced
[15:07] {Threei} some out of panic
[15:07] {Threei} balance is slowly changing
[15:07] {_xzap} I still think we'll see 7500 on the Dow
[15:07] {Threei} and there is an awful lot of money waiting on a sideline, ready to pounce
[15:08] {magoo} oh oh cnbc
[15:08] {Threei} what?
[15:08] {Threei} "learn to short"?
[15:08] {_xzap} can you imagine just how much $$ is sitting and waiting
[15:08] {Threei} trillions
[15:08] {Threei} I am not kidding
[15:08] {_xzap} oh I totally agree
[15:09] {Threei} modest atimation would be 3-4 T
[15:09] {Threei} estimation
[15:10] {cosmo} tell them we're getting impatient
[15:10] {peterg} vad, are you lookikng for more than day trades, i.e. overnight and more?
[15:10] {Threei} you mean paulson speaking mags?
[15:10] {cosmo} me anyway
[15:10] {magoo} yup
[15:10] {Threei} only when the bull is firmly established peter
[15:10] {peterg} ok
[15:10] {Threei} we will see this kind of buying
[15:11] {Threei} totally reckless, like boiling water
[15:11] {Threei} grab anything in sight
[15:11] {Threei} any headline in news is a reason to buy
[15:11] {peterg} buying rampage!
[15:11] {Threei} no headline, buy anyway beforer news appear
[15:11] {Threei} 1999... 2003...
[15:11] {Threei} this kind
[15:11] {peterg} So exciting Im anxious again
[15:12] {Threei} any news and run up on some stock in a sector, everyone starts looking up other names and buy them
[15:12] {Threei} buying
[15:12] {Threei} so we see a lot of sympathy moves
[15:13] {_xzap} In anormal mkt it's normal to see stocks like JRCC, DRYS, FWLT, ENER to have 3 -6 points daily swings
[15:15] {Threei} lookie here
[15:15] {Threei} paulson speaking, and market doesn't drop
[15:15] {Threei} now for ultimate confirmation we need Bush on TV and market not dropping
[15:15] {Threei} and I will buy everything in sight
[15:16] {patience} he has told world markets g7 governmetns will just keep throwing money at the problem
[15:16] {Threei} yes
[15:16] {Threei} but lately any appearance of these guys sent market down screaming, lol
[15:16] {Threei} no matter what they saidf
[15:16] {patience} markets needs an excuse to announce the bottom
[15:17] {_xzap} who's gonna buy all these empty houses on the mkt ?
[15:17] {Threei} just stay away from financials when bull starts
[15:17] {Threei} that sector will be in troubles for quite a while
[15:17] {patience} 3rd quarter results start next week....hopefully up volume continues
[15:18] {Threei} mags... feels like most likely we will stay locked in narrow range
[15:18] {Threei} neither side has enough conviction to close today with any commitment
[15:18] {Threei} maybe slight bias toward up
[15:18] {Threei} but very slight
[15:19] {magoo} tech will be the bull mkt
[15:19] {Threei} one of leading, yes
[15:19] {Threei} not only
[15:19] {magoo} agg
[15:19] {Threei} bios will join a while
[15:20] {Threei} probably energy stocks
[15:20] {Threei} probably utilities
[15:21] {_xzap} alt. energy was in the bailout bill. Solars should do well
[15:22] {Threei} solars I would like to see showing they have it in them still
[15:22] {Threei} this is not an easy sector
[15:22] {cosmo} it needs high oil?
[15:22] {Threei} it was a pure beauty a year ago
[15:22] {_xzap} oil needs to be above 120's for the solars to do real good
[15:22] {Threei} remember when for a month or two almost al.l we played were solars?
[15:23] {Threei} CSIQ, SOLF, JASO, FSLR, CSUN, HOKU
[15:23] {_xzap} and ENER
[15:23] {cosmo} ...and now lunars
[15:23] {Threei} with oil prices dropping, it will take real conviction to continue developing them
[15:23] {_xzap} yep because we are so short sighted
[15:23] {Threei} it happened after oil crisis of 70s
[15:24] {Threei} when all the developemnts in al energy, cars etc were abandoned aftert oil drop
[15:24] {Threei} this time around it's not likely to repeat
[15:24] {Threei} scare was too big
[15:24] {_xzap} oil down = don't worry about it. Oil up = alt. sources, quick !
[15:24] {Threei} and environmental movement is much stronger
[15:25] {_xzap} WWJLD?
[15:25] {Threei} so, I believe in auto industry introduction of greener and morfe economic cars will continue
[15:25] {Threei} solars, gotta see it first
[15:25] {GeoArb} i would love solars in socal
[15:25] {cosmo} photosynthetic cars i say
[15:26] {_xzap} if the Baltic shipping rate ever goes back up, DRYS has about 100 point upside
[15:27] {Threei} it will, as economy starts recovering
[15:27] {_xzap} remember just before the Olympics all you heard was China can't get enough coal, etc
[15:29] {Threei} uhhu
[15:29] {Threei} and oil, ad steel
[15:29] {Threei} and I was predicting China collapse
[15:29] {Threei} and laughed at
[15:31] {Threei} then again... I receive daily e-mails telling me that girls luahg at me since I don't use any of pills enlargening some body parts... so I am used to it
[15:35] {_xzap} I remembere the day oil broke $100. It was later determined that 2 floor traders got together and agreed to make that trade
[15:35] {Threei} oil is under 100, and he still insists on 150 and 200
[15:35] {_xzap} sure, he wants to make a 2nd fortune in wind
[15:36] {cosmo} they're printing the money for that, right now
[15:36] {_xzap} the more Paulson talks, the ore the futures are sliding
[15:36] {Threei} no jump, no slide, really
[15:37] {Threei} narrow range
[15:38] {_xzap} at one time weren't there oil contracts going for 200 ?
[15:38] {Threei} I don't think we ever touched 150
[15:38] {Threei} 148 with change was absolute top
[15:39] {_xzap} the future contracts
[15:39] {Threei} VLO
[15:39] {Threei} MOODY'S RAISES RATING TO BAA2 FROM BAA3
[15:41] {_xzap} sell off coming
[15:41] {Threei} let's see if it gets picked up again
[15:42] {Threei} or bulls decided that was enough for the day
[15:42] {_xzap} I see a lot rolling over
[15:42] {Threei} ADBE will be interesting for bounce scalp near .50
[15:43] {Threei} looks like no ban extention, eh?
[15:43] {Threei} we get out shorts back tomorrow
[15:43] {GeoArb} isnt it expiring at night?
[15:44] {GeoArb} well probably know tomo morning
[15:44] {_xzap} sposed to expire tonight
[15:44] {peterg} expires midnight
[15:44] {peterg} 1159
[15:44] {GeoArb} hey peterg
[15:44] {GeoArb} you experimenting?
[15:44] {peterg} yah?
[15:44] {peterg} not yet--
[15:45] {GeoArb} k
[15:45] {peterg} too much change for oldster
[15:45] {peterg} gradually
[15:45] {GeoArb} heh
[15:45] {GeoArb} i am the baby in this room
[15:45] {Threei} what asre you guys experiewmenting with
[15:45] {GeoArb} 15
[15:45] {GeoArb} hotkeys
[15:45] {GeoArb} and marijuana
[15:45] {_xzap} ENER break down
[15:46] {Threei} (just make sure you keep within a framework of family room when answering)
[15:46] {GeoArb} i did
[15:46] {GeoArb} ewwww
[15:46] {peterg} vad, im interested in hotkeys, geo's good at it. But I need to learn
[15:46] {peterg} more basics about laser
[15:46] {Threei} cool
[15:46] {peterg} their video presumes knowledge I dont yet have
[15:47] {Threei} can you send me your list geo? I never found combination I'd be comfortable with
[15:47] {Threei} maybe yours will work for me
[15:47] {_xzap} i got the demo Laser loaded today
[15:47] {GeoArb} ok
[15:47] {peterg} just want to press b for buy, s for sell, something to change from limit to market
[15:47] {GeoArb} just for your info.... dave uses all function keys
[15:47] {Threei} zap, ask dave for samples of layouts for diff number ofmonitors
[15:47] {GeoArb} i use shift + key
[15:48] {_xzap} ok
[15:48] {GeoArb} yuo dont want to do that peterg as
[15:48] {_xzap} too late to shoet ENER ?
[15:48] {GeoArb} when you key in stock symbols youll start buying selling lol
[15:48] {peterg} function as in f1,2 f3 etc
[15:48] {GeoArb} yeah
[15:48] {peterg} got it
[15:48] {Threei} of course zap
[15:48] {_xzap} or watch for bounce off 38.5 ?
[15:48] {GeoArb} i like shift +
[15:48] {Threei} never chase into parabolic moves
[15:48] {GeoArb} lets call it cat/child protection
[15:48] {Threei} it's a bounce candidate now
[15:49] {peterg} ic
[15:49] {GeoArb} ill email you an export vad
[15:49] {Threei} was there news on it?
[15:49] {Threei} too sharp drop
[15:49] {Threei} tyu geo
[15:49] {_xzap} no news Vad
[15:50] {Threei} something's wrong
[15:50] {peterg} what?
[15:50] {Threei} 5 bucks dump in minutyes with no news?
[15:50] {_xzap} that's not unusual for ENER
[15:51] {_xzap} well, it's not in the AM
[15:52] {_xzap} watch it hit 38.5
[15:53] {_xzap} now bounce
[15:53] {Threei} nope
[15:54] {Threei} something's happening on it
[15:54] {peterg} yeah well it bounced me on my head
[15:55] {_xzap} lol peter
[15:55] {_xzap} big blocks going off now
[15:56] {_xzap} only news is from y'day and it was started at "buy"
[15:56] {dptl} have a good evening all:)
[15:56] {_xzap} see ya dp
[15:56] {GeoArb} sent
[15:56] {GeoArb} vad
[15:56] {Threei} ty
[15:57] {GeoArb} i only use 8 keys
[15:57] {Threei} it starts smelling like halt
[15:57] {GeoArb} bid buy closeout offer sell closeout.. cancel last cancell all
[15:57] {_xzap} i don't see any sup going back 5 days
[15:58] {peterg} heres bounce in last sixty seocnd?
[15:59] {peterg} not
[15:59] {peterg} I hate ENER, ruined my day. not my fault, but ener
[15:59] {GeoArb} really?
[15:59] {magoo} man..still closing down 200 plus
[16:00] {peterg} not a big deal down, but I had a nice dinner all paid for with wine and everything
[16:00] {Threei} supervolatile stock peter... why touch that on last minutes into weird selling
[16:00] {peterg} cz Im stupid??
[16:01] {peterg} remember the secret inner self that lusts for destruction.
[16:01] {Threei} yeah
[16:01] {peterg} must tame it and use to destory others, rightr?
[16:01] {Threei} I killed him
[16:01] {_xzap} now remember that in the am.. could be a good gap play
[16:01] {peterg} hah!
[16:01] {Threei} ii was him or me
[16:01] {peterg} what zap, ENER?
[16:01] {peterg} good pt.
[16:01] {_xzap} yep
[16:02] {Threei} Ok guys, thank you all
[16:02] {Threei} have a great evening
[16:02] {Threei} see you tomorrow
[16:02] {_xzap} you too Vad
[16:02] {patience} really excellent day vad, see you tomorrow
[16:02] {peterg} thks enjoy see you on the morrow
[16:02] {_xzap} ltr guys
[16:02] {Threei} :)
[16:02] {_xzap} and girls if they're any here
[16:02] {patience} moi
[16:02] {_xzap} :)

Oct 07 2008

Session Time: Tue Oct 07 00:00:00 2008

[08:11] {Threei} Good morning sleepless souls
[08:11] {Threei} look at FSLR to wake up immediately... works better tha coffee
[08:11] {hawkfan4} am i dreaming?
[08:11] {_xzap} Good morning Vad
[08:11] {Threei} apparently hawk
[08:11] {Threei} morning xzap
[08:12] {Threei} guys, just in case:
[08:12] {Threei} we have very strong winds here,
[08:12] {Threei} there was power interruption earlier, retsored just 1o min ago
[08:13] {Threei} if I disappear, you know why
[08:13] {_xzap} all the solars are gapping down today Vad
[08:13] {magoo} kjdslkhgrrhjs
[08:13] {Threei} mags :)
[08:13] {Threei} looks like they are led by FSLR
[08:13] {Threei} downgrade by GS
[08:14] {_xzap} I've got FSLR, ENER & SPWRA with big gap downs
[08:15] {magoo} man..20 poiunts
[08:16] {hawkfan4} futures just went wild, 15 pt swing in a minute
[08:16] {_xzap} Somebody likes BUCY this am
[08:18] {_xzap} DJ Energy Conversion Started At Buy By Wedbush Morgan }ENER
[08:20] {_xzap} Vad } I would love to be able to run your chat on a 3rd monitor but I need a Mac version to make it work. Is there one ?
[08:20] {Threei} I know people run it on Mac
[08:21] {Threei} no slightest idea how, closest I've ever been of Mac is about 15 ft
[08:21] {Threei} ask esemde or peter when they come in
[08:21] {_xzap} ok, will do
[08:22] {_xzap} looks like the futures are about to go negative
[08:25] {Threei} S&P just did
[08:29] {magoo} sigh..was bumped all this time
[08:29] {magoo} scanner too
[08:29] {Threei} I saw... your end
[08:30] {magoo} really..my side?
[08:30] {Threei} yes, we were up
[08:30] {magoo} great lol
[08:31] {magoo} dino leaves and sabatoges my connect to prevent his guilt feelingsof being a slacker
[08:31] {Threei} lol
[08:31] {magoo} news FSLR?
[08:31] {Threei} [08:13] {Threei} downgrade by GS
[08:32] {magoo} target?
[08:33] {Threei} just to Sell
[08:46] {cosmo} just another night on Bald Mountain...
[08:54] {Threei} cosmo... any insight into witchcraft usefulness in trading?
[08:54] {esemde} gm...
[08:54] {Threei} ese :)
[08:55] {cosmo} well... they prolly wont burn ya for it these days...
[08:56] {cosmo} i had to give it up when i got married tho
[08:59] {Threei} question is, did she?
[08:59] {cosmo} yeah... role reversal i guess
[09:00] {cosmo} no... she's jut getting good at it....
[09:00] {Threei} hehe
[09:00] {cosmo} just
[09:00] {Threei} *FED TO BUY US COMMERICAL PAPER THRU SPECIAL UNIT
[09:02] {cosmo} COIN on a roll
[09:03] {Threei} strange prints above 5
[09:04] {cosmo} preview of things to come?
[09:04] {Threei} can't tell...
[09:05] {Threei} financials liked this last news from fed
[09:07] {Threei} IRANIAN NEWS AGENCY REPORTS A US WARPLANE VIOLATED ITS AIRSPACE AND WAS FORCED TO LAND IN IRAN
[09:07] {cosmo} hmmm
[09:08] {cosmo} FFIV
[09:09] {cosmo} pre mkt high = 13.20
[09:09] {cosmo} 23.20
[09:12] {magoo} SIGHHHHHHHHHHHHHHH
[09:12] {Threei} yeah... your connection is, how do I put it mildly
[09:12] {peterg} morning
[09:12] {Threei} peter :)
[09:12] {peterg} question of mac usage: using bootcamp, switch to windows.
[09:13] {peterg} couldn't get things to work with parallels, the virtual pc, but had
[09:13] {peterg} success with bootcamp, xzap.
[09:13] {_xzap} not fam. with bootcamp
[09:13] {esemde} which of you hace a macbook pro and are running windows on it......how do you enable the wireless hardware for the windows side
[09:15] {magoo} weird..everything else up vad except room and iscan
[09:15] {magoo} so not my whole connection
[09:15] {esemde} ahhh peter it's you......can you log onto the net with the windows side
[09:15] {peterg} Bootcamp is the program in the latest version of the operating system that allows you to install windows and use it on restart
[09:15] {peterg} ese, yes you betcha
[09:15] {esemde} how did you do it....
[09:15] {_xzap} I have OS X
[09:15] {peterg} Dont know, it just has all the stuff there
[09:16] {peterg} finding signal, etc.
[09:16] {_xzap} not the latest version, is it tiger or leopard ?
[09:16] {peterg} leopard
[09:16] {peterg} big introduction about a uyear ago, I think
[09:16] {_xzap} then I have Tiger
[09:16] {peterg} the computer has to have this dual chip whose name I dont recall
[09:16] {peterg} the intel chip i think
[09:16] {peterg} the intel mac chip
[09:17] {peterg} dual core?
[09:17] {peterg} dual something
[09:17] {GeoArb} gm all
[09:17] {peterg} Geo!
[09:17] {Threei} geo :)
[09:17] {esemde} geo
[09:17] {Onix} Good morning pilgrims
[09:17] {_xzap} I run VMware on it now. So you're saying I need Bootcamp to run the mIRC on it ?
[09:18] {peterg} Not sure
[09:18] {peterg} maybe I can run miRC on mac; you say not?
[09:18] {_xzap} I can't
[09:18] {Threei} onix :)
[09:18] {peterg} VMware might support miRC; try it
[09:18] {peterg} Parallels did not support my Laser trading platform
[09:19] {_xzap} but then I can't push the mIRC window to my 3rd monitor
[09:19] {peterg} It did Fidelity Pro
[09:19] {peterg} Yes, its always something
[09:19] {peterg} I had a problem like that,
[09:20] {Threei} PENTAGON SAYS NOT AWARE OF ANY AIRCRAFT BEING FORCED TO LAND IN IRAN
[09:21] {_xzap} NASDAQ gap ups: GOLD,FFIV,JRCC,SSRI,CENX,CELG
[09:22] {Threei} NCC trying yesterday's resistance
[09:25] {Threei} eyeing DELL as market follower
[09:26] {dptl} good morning all
[09:26] {Threei} dp :)
[09:28] {_xzap} hi dp
[09:29] {dptl} morning :)
[09:29] {Threei} NCC shows more strength
[09:29] {Threei} watch for sharp selling at the open
[09:29] {Threei} it often happens on these little finnies
[09:29] {Threei} and almost invariably presents a good entry point
[09:29] {Threei} for immdiate bounce
[09:31] {cosmo} FFIV tests 23.20 soon ... i think
[09:32] {Threei} here it goes NCC
[09:32] {Threei} 2.60 - 2.70 area I'd guess
[09:32] {magoo} closer to .50?
[09:32] {Threei} usually they bounce off premarkett low
[09:33] {Threei} 2.60 in this case
[09:33] {_xzap} .52 is my pivot
[09:33] {Threei} got .62
[09:33] {magoo} in .64
[09:34] {hawkfan4} .65, still groggy i guess
[09:34] {Threei} lol
[09:34] {Threei} takes a bit too long... usually they jump right back
[09:35] {Threei} 2.59 stop
[09:36] {magoo} out .72
[09:36] {Threei} offering .85
[09:36] {Threei} risk is miniscule
[09:37] {magoo} back in
[09:37] {Threei} hmmm
[09:37] {magoo} scalpin reload
[09:37] {Threei} a bit weird method to play them :)
[09:38] {GeoArb} better than mine
[09:38] {magoo} hmmmmm
[09:38] {Threei} IRANIAN GOVT NOTES IT HAS NO INFORMATION ON REPORTS OF A US PLANE BEING FORCED TO LAND, IN CONTRAST TO PRIOR IRANIAN PRESS REPORTS
[09:38] {GeoArb} didnt put down coffee mug fast enuff
[09:38] {Threei} lol
[09:40] {esemde} now that was funny.....
[09:40] {magoo} we go down 800 points today and then finish green i gonna cut my wrists with a banana
[09:40] {Threei} Long Setup: JNPR 19 half lot
[09:41] {Threei} stop under .80
[09:43] {Threei} 1:1 was easy
[09:43] {magoo} out here TY
[09:43] {Threei} wehther you partialed or not, stop to under .90
[09:44] {magoo} full in...full out
[09:45] {Threei} NCC stop to .64
[09:45] {Threei} starts annoying me, don't want to lose a cent on it
[09:45] {magoo} big recovery FSLR
[09:46] {Threei} wild one
[09:46] {magoo} ya ya
06[09:46] * Threei slaps magoo around a bit with a large trout
[09:47] {magoo} :)
[09:47] {Threei} great... just when I started typing alert DELL long .73 it teleported to above .80
[09:48] {Threei} market downticks right now, don't go in DELL on price alone
[09:52] {Threei} Long Setup: DELL .71 if holding above .60
[09:54] {_xzap} watching FWLT for pivot at 28
[09:55] {magoo} dow red
[09:55] {Threei} NASDAQ too
[09:56] {GeoArb} stopped
[09:57] {Threei} let's wait out selling fit
[09:57] {GeoArb} :(
[09:57] {GeoArb} no one else too .71?
[09:57] {Onix} stopped in both NCC & DELL
[09:57] {Threei} JNPR?
[09:58] {_xzap} FWLT found sup
[09:58] {Onix} was too late for jnpr
[10:01] {_xzap} out FWLT + .70
[10:02] {esemde} nice one zap
[10:03] {_xzap} those gap reversals are so easy except when they aren't
[10:04] {_xzap} EGLE near pivot 9.80
[10:06] {_xzap} watching JNPR for 18.30
[10:09] {Onix} look at me now, says NCC!
[10:09] {Threei} no kidding
[10:11] {magoo} market still very news sensitive
[10:11] {magoo} pop on lil comm'l p[aper news there
[10:11] {magoo} wants to go up imo
[10:11] {magoo} but nervous
[10:11] {magoo} wants to explode up
[10:12] {magoo} chime in vad
[10:12] {Threei} nothing to say really
[10:12] {Threei} listless up and down
[10:13] {magoo} that does it.............................
06[10:13] * magoo slaps Threei around a bit with a large trout
[10:13] {GeoArb} someone tell me how to do that !!
[10:13] {GeoArb} my rightclick doesnt work in mirc
[10:13] {Threei} good
[10:13] {Threei} lol
06[10:14] * GeoArb slaps Threei around a bit with a large trout
[10:14] {GeoArb} hehhe figured it out....... context menu went to diff screen
[10:17] {_xzap} out EGLE + .20
[10:18] {Onix} gj
[10:18] {Threei} Long Setup: QCOM 41 break half lot
[10:18] {Threei} if stays above .75
[10:20] {Threei} invalidated
[10:22] {GeoArb} chop suey
[10:22] {_xzap} I'm still watching JNPR for 18.32
[10:24] {magoo} vad, any recent news GOOG?
[10:24] {Threei} nah
[10:24] {_xzap} FWLT still has strength
[10:24] {Threei} meaningless price target lowering today
[10:24] {magoo} to what 500 he he
[10:25] {Threei} 525
[10:27] {_xzap} Watching JRCC above 20.0
[10:29] {_xzap} Watching DRYS above .30
[10:29] {Threei} want to see last pullback, then breakout and rally
[10:30] {Threei} DELL will be a candidate if this scenarion materializes
[10:30] {Threei} .80 resistance to break
[10:30] {Threei} so far meaningful support is .60 but hopefully it forms closer one
[10:33] {Threei} NQ looks willing
[10:34] {Threei} break already DELL will ya?
[10:34] {GeoArb} wo i thought it did for a second
[10:34] {GeoArb} was i early?
[10:35] {Threei} no it did
[10:35] {GeoArb} thats it !!!
[10:35] {GeoArb} no more dell purchases at work
[10:36] {_xzap} # 1 sector now: Coal
[10:37] {GeoArb} so this guy killed himself and 5 members of his family in my neighbourhood this week
[10:37] {GeoArb} "finances"
[10:37] {_xzap} dang Geo !
[10:37] {_xzap} I'd move
[10:37] {GeoArb} ok 2 miles north of me
[10:37] {GeoArb} lol
[10:37] {_xzap} I
[10:37] {_xzap} I'd still move
[10:38] {GeoArb} in la then youd keep moving
[10:38] {_xzap} LOL
[10:38] {_xzap} Vad, does it look like a lot of res here?
[10:38] {GeoArb} sad part was his eldest kid was fullbright scholar to UCLA
[10:39] {GeoArb} younger kid honor studenst
[10:39] {GeoArb} killed em all
[10:39] {Threei} you mwean certain stock or market in general?
[10:39] {GeoArb} out of work financial advisor making wierd financial bets
[10:39] {_xzap} in general, all on my watch list are hitting res
[10:39] {Threei} zap?
[10:39] {Threei} ok
[10:39] {GeoArb} oops
[10:39] {Threei} IMO{
[10:40] {Threei} this is preparation for a rally,
[10:40] {Threei} shakeouts,
[10:40] {Threei} return to highs,
[10:40] {Threei} new shakouts,
[10:40] {dptl} ahh...got to go.....have a good rest of the day all:)
[10:40] {GeoArb} anyone else in dell?
[10:40] {Threei} no deep selloffs,
[10:40] {Threei} just market trying to get rid of as many as possible before going up
[10:40] {Threei} take care dp
[10:40] {magoo} bye dp:)
[10:41] {_xzap} see ya dp
[10:41] {Threei} Geo... why this constant need to know who else is in this or that?
[10:41] {Threei} do you feel like it validates or invalidates your entries? :)
[10:41] {GeoArb} just rying to see if i jumped the gun (again)
[10:41] {_xzap} watching JRCC for 20.21
[10:42] {_xzap} just tell me to shut up if I'm posting too many watchers Vad
[10:46] {Threei} why... we exchange ideas freely
[10:47] {_xzap} ok, I'm new here and still learning
[10:47] {_xzap} JRCC trying to break above R2
[10:47] {Threei} funny... yesterday with all the blood on the street was much easier to trade than today
[10:48] {_xzap} R2 = 2nd level of res
[10:48] {hawkfan4} herky jerky
[10:48] {_xzap} in JRCC
[10:49] {GeoArb} so what platform/tools are u using zap to calculate your pivots?
[10:50] {_xzap} I use QuoteTracker charts and E Signal scanners
[10:50] {GeoArb} esignal data feed?
[10:50] {_xzap} I just use the scanners, no the E Sig platform
[10:50] {GeoArb} for QT?
[10:50] {_xzap} TDA data feed
[10:50] {GeoArb} ok TY
[10:51] {GeoArb} do you use esignla sector scanner?
[10:51] {_xzap} the thing I like about QT is it will draw the pivots, sup and res for you
[10:51] {Onix} Until later, gotta go to work now
[10:52] {_xzap} see ay Onix
[10:52] {_xzap} I use the Power Scan pkg
[10:53] {GeoArb} ok thanks
[10:53] {_xzap} stopped out JRCC
[10:56] {_xzap} Geo } The Pre Market Scan is the most useful tool for me to find the gap ups/downs
[10:56] {Threei} so far, jerky and undecisive
[10:56] {GeoArb} ok
[10:57] {_xzap} then I load about 5 - 10 of them in QT and start scanning for those pivots
[10:58] {_xzap} I usualy have a monitor headache by 10 am *LOL*
[10:58] {GeoArb} stopped dell
[10:59] {GeoArb} :)
[11:00] {_xzap} DRYS possible short
[11:02] {Threei} UAUA bounce candidate
[11:03] {Threei} 6.15 trigger
[11:04] {Threei} with any market help should be good to 6.35 - 6.40
[11:05] {Threei} ED'S STERN: THE FINANCIAL MARKET SHOCK IS "UNPRECEDENTED"
[11:06] {_xzap} short DRYS
[11:12] {magoo} in vad .13
[11:12] {Threei} ok NQ, enough games
[11:12] {Threei} move already
[11:13] {GeoArb} stop .05?
[11:13] {Threei} for hardcore scalpers yes; for bigger move, under 6
[11:15] {Threei} volume is so low, it just has to be a shakeout
[11:19] {_xzap} covered DRYS +.10 getting really choppy
[11:20] {_xzap} short DRYS again
[11:23] {Threei} sigh
[11:23] {Threei} no tgrade is going to work today at all?
[11:23] {GeoArb} ok done for the day.... reached my daily loss limit
[11:24] {peterg} Bummer, Geo
[11:24] {GeoArb} no more dell laptops for anyone
[11:24] {Threei} or flights on United?
[11:24] {GeoArb} no using dell on united
[11:24] {GeoArb} much better
[11:24] {Threei} makes sense
[11:25] {GeoArb} its all vads fault
[11:25] {Threei} yup
[11:25] {GeoArb} he kept score yesterday
[11:25] {GeoArb} jinxed
[11:25] {GeoArb} lol
[11:25] {Threei} no you did
[11:25] {Threei} I just asked
[11:25] {GeoArb} you asked !!
[11:26] {Threei} OK... now rally starts
[11:26] {Threei} I get it... market just wanted geo out
[11:27] {hawkfan4} lol
[11:27] {_xzap} covered DRYS - .15, that was a stupid trade
[11:28] {_xzap} Geo } I also run a scan at night in Advanced Analyzer for NASDAQ stocks with vol }1M, average true range } $2
[11:28] {Threei} back in both
[11:28] {Threei} UAUA and DELL
[11:28] {Threei} stops are under day low
[11:29] {Threei} ECB'S TRICHET: THE FINANCIAL CRISIS TOUCHES AT THE HEART OF THE WORLD FINANCIAL SYSTEM
[11:29] {GeoArb} entries vad?
[11:29] {Threei} ehich is endless money printing and debt?
[11:30] {Threei} you reached your loss limit?
[11:30] {Threei} keep your discipline
[11:30] {GeoArb} wow being punished for being curious
[11:30] {Threei} it's there for a reason
[11:30] {GeoArb} sigh... ok tiny shares
[11:31] {Threei} 3?
[11:31] {GeoArb} 200
[11:32] {hawkfan4} almost everytime i ignore my loss limits i end doubling my loss for the day
[11:33] {GeoArb} i do have a hard loss limit on laser for that
[11:33] {GeoArb} it has saved my bacon before
[11:34] {hawkfan4} not with laser yet, so i have to super glue my hands to my desk
[11:34] {GeoArb} hehehe
[11:34] {hawkfan4} makes lunch really interesting
[11:34] {Threei} OK market, let it be last shake for today... it's getting tiresome
[11:34] {GeoArb} i bet
[11:36] {Threei} break that .60 already DELL
[11:36] {GeoArb} UAUA IS A DOG
[11:37] {Threei} {United} geo, you are banned from our flights
[11:37] {Threei} WHITE HOUSE: BUSH HAS SPOKEN WITH EUROPEAN LEADERS ABOUT MARKET STABILITY
[11:37] {Threei} and they decided market is unstable?
[11:37] {GeoArb} comon vad be nice
[11:37] {Threei} lol
[11:37] {GeoArb} he was elected by us
[11:38] {GeoArb} :)
[11:38] {GeoArb} i dunno if we realize this but he has singlehandedly dismantled the regan era forever
[11:39] {Threei} dog it is
[11:39] {GeoArb} i stand by
[11:39] {GeoArb} lol
[11:39] {GeoArb} my comment
[11:40] {_xzap} EGLE back at pivot of 9.8 with vol
[11:41] {_xzap} Peter } Just checked with the developer of mIRC, no Mac version
[11:41] {GeoArb} use parallels xzap
[11:41] {Threei} market really takes a breather today
[11:42] {Threei} no commitment either way
[11:42] {_xzap} don't know what that is Geo
[11:42] {_xzap} I am computer dumb
[11:43] {GeoArb} also i believe trillian has a mac version and connects to irc
[11:43] {GeoArb} not done it myself though
[11:44] {GeoArb} http://www.parallels.com/
[11:44] {_xzap} thx
[11:45] {Threei} OK... is it time finally?
[11:45] {_xzap} OH, I already run VM Ware. I need a Mac version so I can push it to another monitor
[11:46] {Chaeron} good morning all
[11:46] {GeoArb} check out trillain then
[11:46] {Threei} chaeron :)
[11:46] {GeoArb} hey chaeron
[11:46] {Chaeron} any$ left?
[11:46] {GeoArb} its one of the days i envy you being late
[11:46] {Threei} chaeron... got good news for you
[11:46] {Threei} less than stellar day so far, so you haven't missed anything
[11:49] {_xzap} out EGLE + .20
[11:49] {Chaeron} well, is it going to get better? :) nice one Zap
[11:49] {_xzap} thx Chaeron
[11:50] {Threei} we'll see
[11:50] {GeoArb} i hate days like these
[11:50] {Threei} yep, meaningless jerkiness
[11:50] {GeoArb} we loose first half..... i go to work... vad makes it back and more
[11:50] {GeoArb} and i miss that part
[11:50] {GeoArb} :)
[11:51] {Threei} happened too...
[11:51] {_xzap} I was hoping for a BIG selloff today
[11:51] {Threei} nah, that was yesterday
[11:52] {Threei} may come tomorrow
[11:52] {_xzap} but it didn't close down 800, that would have helped
[11:52] {Threei} but today - only if some disgusting news comes
[11:53] {Threei} actually, if it did close down 800, we would have second round of selling this morning
[11:53] {GeoArb} off to work... see you all
[11:53] {_xzap} and that would be a good thing
[11:53] {_xzap} see ya Geo
[11:53] {Threei} sure
[11:53] {Threei} recovery would come fast and furious
[11:53] {_xzap} that's what I wanted to see Vad, close down 800 y'day and a BIG sell of today
[11:54] {Threei} yeah... yesterday big bounce precluded that scenario
[11:54] {Threei} and got us in today's uncertainty
[11:54] {Threei} it shouldn't last longer than a day though
[11:54] {Threei} tomorrow will have a direction
[11:55] {_xzap} I want to see the Dow test 7500
[11:56] {Threei} volume is ridiculously low today
[11:56] {_xzap} I think trading is done til 3 PM
[11:57] {_xzap} GOLD possible short
[11:57] {_xzap} GOLD in 35.77
[11:58] {_xzap} stopped
[12:05] {Threei} NVDA
[12:05] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[12:05] {Threei} - Intel again rumored as potential acquirer
[12:06] {_xzap} see ya'll after lunch
[12:08] {Threei} nothing to do for now but stay in waiting mode
[12:13] {hawkfan4} $12.50 is the rumored price for NVDA fwiw
[12:13] {GeoArb} when you say volume... what do you monitor vad?
[12:13] {Threei} ECB'S TRICHET: GLOBAL IMBALANCES MAY BE CONNCTED TO FINANCIAL CRISIS, US AND CHINA SHOULD NOT BE 'SCAPEGOATS'
[12:13] {Threei} NQ
[12:13] {GeoArb} TY
[12:19] {Threei} can't get rid of feeling DELL should be easy to 15 and UAUA to 6.5
[12:19] {Threei} and don't want to get trapped again
[12:20] {Threei} same way as yesterday, it feels that once real power returns to play, market will be ramped up
[12:20] {Threei} maybe let's do it this way:
[12:21] {Threei} if market starts showing atronger upticks, take half lots for longer hold, not for scalps
[12:21] {Threei} for now it's just aimless wandering, no sense in trying to play it
[12:49] {Threei} jeez
[12:50] {Threei} lost power again
[12:50] {Threei} am I here?
[12:50] {GeoArb} y
[12:50] {peterg} y
[12:50] {Threei} new lows I see
[12:51] {GeoArb} [09:26] {GeoArb} down?
[12:52] {Threei} 12:26] * Disconnected
[12:52] {Threei} lol
[12:52] {Threei} PREVIEW: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK ABOUT THE ECONOMY AT 1:15PM ET
[12:56] {Threei} is it margin calls selling today...
[12:56] {Threei} quite possible
[12:56] {magoo} i was talkin to dino about that yesterday
[12:56] {Threei} I'd guess a lot of those went out yesterday
[12:57] {magoo} must get out vad
[12:57] {_xzap} FWLT coming up on pivot again
[12:57] {Threei} yup, forced selling
[12:57] {Threei} unless they send in more money
[12:57] {Threei} which in this atmosphere is not very likely for many
[12:59] {Threei} missed UAUA near 5
[12:59] {Threei} DELL, going to try .15
[13:01] {Threei} TKTM
[13:01] {Threei} ANNOUNCES AGREEMENT WITH YAHOO TO OFFER TICKETS TO LIVE EVENTS
[13:02] {Threei} pos
[13:02] {_xzap} FWLT out + .41
[13:02] {GeoArb} ?
[13:02] {Threei} good one zap
[13:02] {_xzap} thx
[13:03] {_xzap} the pivots are holding today
[13:04] {Threei} if this is not rally time, I don't know when is
[13:04] {Chaeron} MOAB?
[13:05] {_xzap} let's see if WYNN holds 60.77
[13:05] {Threei} can you believe NVDA price?
[13:05] {GeoArb} whars moab?
[13:05] {_xzap} I can't believe a lot of these prices
[13:05] {Threei} lol... mother of all bottoms
[13:05] {Chaeron} Mother Of All Bottoms
[13:06] {Threei} my call in 2003
[13:06] {GeoArb} heheh ok
[13:06] {Chaeron} to the mionute
[13:06] {Chaeron} minute
[13:06] {Threei} started years of bull market
[13:06] {Chaeron} freakin' perfect
[13:06] {_xzap} WYNN holding S1
[13:08] {Threei} FED'S BERNANKE: ALL TOOLS WILL BE UTILIZED TO HELP STABILITY, WILL CONSIDER WHETHER CURRENT MONETARY POLICY IS APPROPRIATE
[13:08] {Threei} for a change, market likes what he says
[13:10] {GeoArb} out half dell 1:1
[13:10] {Threei} - Remarks that commodity prices show extraordinary volatility, inflation outlook has improved somewhat
[13:10] {Threei} - Notes that market turmoil and weak data will exhibit US growth outlook worsening, and downside risks are increasing
[13:12] {GeoArb} out dell
[13:12] {Threei} I am holding half still
[13:12] {_xzap} WYNN out + .86
[13:12] {GeoArb} a bit skittish
[13:12] {Threei} undestandably
[13:13] {Threei} I just don't see today's selling as anything of consequence, to say honestly
[13:15] {_xzap} watching DRYS to break the .20
[13:16] {GeoArb} your stop 14 vad?
[13:17] {magoo} your conditioned vad...350 down yesterday..200 dtoday..no big deal??a
[13:17] {Threei} yes... but I think more likely I'l buy my half back
[13:17] {GeoArb} meaning youll add on pullback?
[13:18] {Threei} sold half at 1:1
[13:18] {Threei} want to buy it back on pullback
[13:18] {GeoArb} yes add to current left position
[13:18] {GeoArb} same page
[13:20] {_xzap} FWLT near pivot again
[13:20] {Threei} - Fed will begin using reserve interest powers this week.
[13:21] {Threei} not sure what it means in practice
[13:21] {GeoArb} rate cut?
[13:21] {Threei} doesn't sound like it
[13:22] {Threei} new wave of selling
[13:22] {Threei} closed DELL for now
[13:22] {_xzap} TRIN up , TICK down
[13:23] {_xzap} it never fails when Uncle Ben starts talking
[13:23] {Threei} will rather re-enter if market shows strength
[13:23] {_xzap} I'm seeing lots of red
[13:23] {Threei} caught UAUA this time around
[13:24] {_xzap} FWLT holding sup
[13:24] {Threei} MS
[13:24] {Threei} HEARING VAGUE CHATTER THAT WEAKNESS ATTRIBUTED TO MITSUBISHI MULLING PULL OUT OF PURCHASE DEAL
[13:25] {hawkfan4} maybe Nissan will be interested
[13:25] {Threei} lol
[13:26] {hawkfan4} it's a mad mad world
[13:26] {Threei} sure is
[13:26] {Threei} a few months from now we won't vbelieve today's prices were available, IMO
[13:27] {GeoArb} mitsubishi is a keiretsu
[13:27] {Threei} out UAUA +whole 7 cents
[13:27] {GeoArb} cars is a miniscule part of what they do
[13:29] {GeoArb} 6th largest japanese auto only but biggest bank of japan
[13:29] {Threei} back in DELL, .99 stop
[13:30] {Threei} can I have my UAUA back?
[13:30] {GeoArb} now i can never travel without thinking of this day
[13:31] {Threei} or open Dell laptop
[13:31] {GeoArb} dont use em.... toshiba only
[13:31] {Threei} FED'S BERNAKE: INFLATION AT CURRENT ARE 'UGLY' - Q&A
[13:32] {GeoArb} dji -250 aprx
[13:36] {Threei} nothing in terms of recent volatility, lol
[13:37] {Threei} half out DELL .15
[13:38] {_xzap} NVDA 7.54
[13:39] {Threei} took UAUA on .30 break earlier... sheesh, I thought I posted, now I see I haven't
06[13:39] * magoo slaps Threei around a bit with a large trout
[13:39] {Threei} sorry :(
[13:40] {Threei} half out here, offering second half 5.80
[13:40] {_xzap} big blocks going off on NVDA
[13:41] {Threei} as frustrayting as today may be, it hasn't changed my longer term outlook
[13:41] {Threei} rather confirmed it with this non-existing volume
[13:41] {Threei} a lot of quality companies at firesale prices will be picked up, accumlated and marked up
[13:42] {_xzap} NVDA out even
[13:43] {_xzap} I know better than to trade with the TRIN this high
[13:44] {_xzap} Vad } do you still just use B. bands as your indicators ?
[13:44] {Threei} I have them on screen
[13:44] {Threei} don't use as indicators
[13:45] {_xzap} k
[13:45] {Threei} rather for general evaluation of volatility and where the stock is in terms of it
[13:45] {Threei} PREVIEW: MINUTES OF THE SEPT 16 FOMC MEETING TO BE RELEASED AT 2PMET
[13:45] {Threei} - at the Sept meeting, the FOMC left rates on hold at 2.00% in a unanimous vote and stated:
[13:45] {Threei} - financial market strains have increased significantly.
[13:45] {Threei} - will act as needed to promote stability, inflation to moderate this year and next.
[13:45] {Threei} - Growth has slowed recently due to slowing household spending
[13:45] {Threei} - Upside risks to inflation are a concern, substantial easing of policy and liquidity measures should promote moderate growth.
[13:45] {Threei} - Turmoil likely to weigh on growth for next few quarters.
[13:46] {_xzap} If AA misses big today maybe we'll get that big sell off tomorrow
[13:46] {Threei} my feel is,
[13:46] {_xzap} FWLY still hugging that 28 sup
[13:47] {_xzap} FWLT
[13:47] {Threei} if that happens, we will start seeing market fragmentation
[13:47] {Threei} not everything will go down with market
[13:47] {Threei} some sectors and companies will hang in there
[13:48] {_xzap} ENER break down
[13:48] {Threei} this is getting ridiculous, people sell as if world ends tomorrow and they need all the money to buy champagne and caviar today
[13:51] {Threei} UK) UK GOVT WILL ANNOUNCE RESCUE PACKAGE FOR BANKING SYSTEM - BBC
[13:51] {Chaeron} too late... all UK money went to Ireland
[13:52] {_xzap} ENER out + .85
[13:52] {Threei} Plan will involve plans to inject capital and provide for a standby facility
[13:54] {Threei} this is pretty much what market wanted, Europe starting the same rescue packages
[13:54] {_xzap} NAS approaching y'day's low
[13:55] {Threei} trying to bounce
[13:56] {_xzap} FWLT losing sup
[14:00] {_xzap} FWLT out + .25
[14:00] {Threei} *MINUTES OF THE SEPT 16 FOMC MEETING: POLICY MAERS LEANING TOWARDS RATE CUT, SAW DIMISHED RISKS TO INFLATION
[14:02] {Threei} back in both
[14:03] {Threei} stops under day low
[14:11] {Threei} move you lazy bastards!
[14:12] {GeoArb} getting fixated on these 2 vad?
[14:12] {Threei} see anything better?
[14:13] {Threei} they cleasrly follow the market, and they are ridiculously low
[14:13] {hawkfan4} note to Bush and Bernake and company. If you want to save the market, stay off tthe t.v.
[14:13] {Threei} lol, so true
[14:14] {hawkfan4} hmmm, what just happened?
[14:15] {Threei} MS
[14:15] {Threei} COMMENTS ON MITSUBISHI, SAYS DEAL IS STILL ON
[14:15] {Threei} this
[14:15] {hawkfan4} just in the nick of time
[14:15] {Threei} come on UAUA
[14:15] {Threei} give me more
[14:17] {Threei} CNBC'S FABER: MITSUBISHI DEAL IS ON TRACK TO CLOSE THIS WEEKEND
[14:17] {_xzap} EGLE turning up
[14:18] {_xzap} going at the ask w/vol
[14:18] {Threei} half out UAUA .33
[14:19] {Threei} +.28
[14:19] {Threei} half out DELL .25
[14:19] {Threei} +.20
[14:19] {_xzap} wtg Vad
[14:20] {Threei} if second half of each works for the same leg up, I'll get back to flat for the day
[14:20] {_xzap} EGLE early entry at 9.32
[14:21] {GeoArb} and obviously i missed it
[14:21] {_xzap} out 9.50
[14:21] {_xzap} I got scared
[14:21] {_xzap} LOL
[14:23] {_xzap} FWLT early entry 28.21
[14:25] {_xzap} stopped 28.06
[14:28] {_xzap} some butthead on CNBC just said "we need to find a way to keep computer traders out of the market so real investors can get in"
[14:28] {GeoArb} you mean investors with phones?
[14:28] {Threei} you are kidding
[14:28] {peterg} hack him
[14:28] {_xzap} nope, some guest they just had on
[14:28] {Threei} from circus?
[14:28] {Threei} from mental institution?
[14:29] {hawkfan4} lol
[14:29] {Threei} I'd really like him to explain how "computer traders" dopn't let investor in
[14:30] {Threei} I for one never met investor to whom I wouldn't happily sold my shares
[14:30] {_xzap} they were talking about the uptick rule
[14:30] {_xzap} FWLT trying to go again
[14:31] {_xzap} FWLT in28.4
[14:31] {Threei} (UK) UK'S FIN MIN DARLING: STATEMENT TO BE MADE BEFORE MARKET OPEN FOR BANK SUPPORT PLAN
[14:31] {Threei} move my little darlings, move
[14:31] {Threei} big darling from London says you move
[14:32] {_xzap} stopped 28.15
[14:32] {Threei} mags... did I miss something? where is dino?
[14:33] {GeoArb} dino on golf vacation
[14:33] {Threei} was I offline when he said that?
[14:33] {GeoArb} i think so
[14:33] {Threei} I see
[14:33] {GeoArb} one of many caadian outages
[14:33] {peterg} in North Carolina
[14:33] {GeoArb} CANADIAN
[14:33] {peterg} outrages
[14:34] {Threei} lol
[14:36] {_xzap} who's in NC?
[14:37] {peterg} regular by name of dino
[14:37] {_xzap} cool, me too
[14:37] {_xzap} Winston Salem
[14:37] {peterg} ahhh-hes on vacation near myrtle beach, playing golf
[14:38] {peterg} Cool- went to Chapel Hill back in the day
[14:38] {_xzap} I went to MB once, hated it
[14:38] {_xzap} not to golf, just to go
[14:38] {peterg} near outer banks, or different?
[14:38] {_xzap} Did you ever get drunk on Franklin st?
[14:38] {peterg} too long ago; probably
[14:39] {_xzap} MB is below the outer banks in SC
[14:40] {peterg} now remembering: franklin st the main drag
[14:43] {Threei} CNBC'S FABER: HEARING PRICE OF OFFERING LIKELY TO BE BELOW THE $25 LEVEL, MAY CLOSE ORDER BOOK BEFORE 4PMET
[14:43] {Threei} that was for BAC
[14:43] {GeoArb} wot offering?
[14:43] {GeoArb} thanks
[14:45] {_xzap} yep Peter
[14:45] {_xzap} FWLT holding 28 all day, should run if we get a 3:15 rally
[14:53] {Threei} last hour should be very telling
[14:53] {Threei} if we get a strong ramp up, rally is all but certain
[14:53] {patience} do you think a rate cut is coming vad?
[14:53] {Threei} I hope not
[14:53] {Threei} IMO, that would be a mistake
[14:54] {patience} well, so do i, but nonetheless, is this what the market is waiting for
[14:55] {Threei} remember last month? market seemed to be confident about rate cut and did sell off briefly after none was announced
[14:55] {Threei} then forgot about it in a minute
[14:55] {Threei} I suspect same thing will happen this time
[15:01] {Threei} AUG CONSUMER CREDIT: $-7.9B V $5BE, FIRST DROP SINCE 1998
[15:01] {Threei} - prior revised from $4.6B to $5.2B
[15:12] {Threei} ok market grow a set, will ya?
[15:12] {hawkfan4} no kidding
[15:13] {Threei} unbelievably spineless behavior
[15:13] {patience} market is female vad.....try another approach
[15:13] {Threei} it is?
[15:13] {patience} it is to me
[15:13] {Threei} hmmm... I give up then... I'll never understand irt
[15:14] {hawkfan4} lol, me either :)
[15:18] {Threei} there
[15:18] {Threei} try and understand it
[15:35] {_xzap} If they Dow closes below 9750 the next sup I see is 7500
[15:39] {Threei} closing looks baaaad
[15:40] {patience} we are not happy campers it appears
[15:41] {Threei} not yet
[15:41] {Threei} but will be soon enough
[15:44] {_xzap} PENN possible short, near day's low
[15:44] {Threei} lol, you would think DELL is going out of business
[15:45] {Onix} no short covering today?
[15:46] {Threei} rather pure unbridled margin call selling
[15:46] {GeoArb} how do you diffrentiate vaD?
[15:46] {Threei} not directly
[15:46] {Threei} just something that happens always after huge drops
[15:47] {GeoArb} below yesterday's low on ES now
[15:48] {_xzap} COMP breaking y'day low
[15:48] {Threei} yup
[15:49] {Threei} OK... rally in canceled for today and moved to after tomorrow
[15:50] {Threei} Due to recent budget cuts, lack of funding facilities and the rising cost of energy, the light at the end of the tunnel has been turned off
[15:51] {cosmo} ...but not the train
[15:53] {_xzap} I'd say the train is coming, full speed ahead
[15:53] {Threei} I doubt it
[15:53] {cosmo} that's probably why they truned the light off
[15:53] {_xzap} you think we're reaching the bottom Vad ?
[15:54] {Threei} I beileve it's either in or very close
[15:54] {peterg} eschatologically we are reaching the bottom
[15:54] {patience} i will second peter if he buys me a beer
[15:54] {peterg} done!
[15:54] {patience} excellent!
[15:55] {peterg} thats how many I owe you; maybe beers & cocktails
[15:55] {patience} i love this room :))))
[15:55] {peterg} vad, when I joing the superpremium club, can I get an ink color all my own?
[15:56] {Threei} you can have whole rainbow
[15:56] {peterg} different color for each leteter, randomly sorted
[15:56] {GeoArb} hmmm
[15:56] {Threei} OK guys, not a plesant day
[15:56] {GeoArb} didnt know that was possible
[15:57] {GeoArb} yeah red and hurting
[15:57] {cosmo} rescue us
[15:57] {Threei} but then again,. who promised every day to be pleasant
[15:57] {peterg} i kept giving money to rimm
[15:57] {GeoArb} tomorrow is another day
[15:57] {GeoArb} giving money to rimm lol
[15:57] {peterg} sniff
[15:57] {GeoArb} sorry
[15:57] {Onix} we will try again tomorrow
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {peterg} bye all
[15:58] {cosmo} rimm was nevver the same after the tire spin off
[15:58] {_xzap} see ya peter
[15:58] {peterg} lol
[15:58] {peterg} bye za[
[15:58] {peterg} ap
[15:59] {Chaeron} someone help me out? What is the DJI down right now? 505?
[15:59] {Threei} 517
[15:59] {Chaeron} thanks
[15:59] {Threei} 525
[15:59] {Threei} 520
[15:59] {Chaeron} I'm good... thought I was lagged
[15:59] {Chaeron} many thanks Vad
[16:00] {_xzap} It's 4 PM on Wall St. Do you know where your money is ?
[16:00] {cosmo} in the pub
[16:01] {Threei} (EU) EU COMMISSION SAYS THAT IT HAS BEEN INFORMED BY UK OF RESCUE PLAN FOR BANKS TO BE ANNOUNCED TODAY

Oct 06 2008

Session Time: Mon Oct 06 00:00:00 2008
[07:36] {_xzap} test
[08:15] {Threei} THE FED IS REPORTEDLY MEETING WITH THE CME AND ICE TO DISCUSS ESTABLISHING A NEW CDS EXCHANGE - CNBC
[08:16] {Threei} *FED BOOSTING TAF LIQUIDITY AUCTIONS TO $150B EACH
[08:29] {Threei} FT REPORTS THAT THE PRICE OF FANNIE MAE AND FREDDIE MAC'S BONDS MAY DECLINE AT TODAY'S AUCTION TO SETTLE UP TO $500B OF CREDIT-DEFAULT SWAPS WRITTEN ON THE GSES
[08:29] {Threei} - The recovery value of the Fannie notes are expected to be 85%-90% and 87%-92% for Freddie's debt.
[08:29] {Threei} - The auction may lead to sellers of the CDS paying out $75B to settle the contracts.
[08:29] {Threei} ACCORDING TO A FT ARTICLE COORDINATED RATE CUTS BY CENTRAL BANKS ARE POSSIBLE; NOTES THAT AN EMERGENCY FED RATE CUT IS POSSIBLE, WHICH COULD BE IN COORDINATION WITH OTHER CENTRAL BANKS
[08:31] {Threei} APWR
[08:31] {Threei} RECEIVES CONTRACT FOR 50 2.7MW WIND TURBINES WITH CHINA NATIONAL AUTOMATION CONTROL SYSTEM CORP.
[08:33] {Threei} DNDN
[08:33] {Threei} INTERIM DATA FROM PHASE 3 PROVENGE IMPACT TRIAL DEMONSTRATE 22% REDUCTION IN THE RISK OF DEATH
[08:33] {Threei} - At the final analysis, which is anticipated in the middle of 2009, if the study demonstrates approximately a 22 percent reduction in the risk of death, based on 304 events, the company would expect the study to meet its primary endpoint of overall survival.
[08:36] {magoo} morning
[08:37] {Threei} Good morning
[08:41] {_xzap} Good morning Threei
[08:41] {Threei} morning xzap
[08:42] {_xzap} My fist day here and I look forward to watching how things go here :) Thank ya'll for having me !
[08:42] {Threei} welcome to the jungle
[08:49] {Threei} TREASURY DEPT : WORKING WITH MARKET PARTICIPANTS AND REGULATORS GLOBALLY
[08:49] {Threei} - Plans to move quickly on new authority granted by passing of TARP
[08:57] {Onix} Good morning all the brave people
[08:57] {Threei} onix :)
[08:58] {Threei} oil is under 90
[08:59] {patience} what was my bet with you if oil hit 80? I never took it seriously....sigh
[08:59] {patience} good morning rt
[09:00] {Threei} does it mean that I can claim any prize I want? :)
[09:00] {Threei} good morning patience
[09:00] {patience} hum de dum...let me think through this
[09:00] {patience} need coffee first :)
[09:01] {esemde} morning.......coffee with a hypodermic needle please
[09:01] {Threei} ese :)
[09:01] {Threei} my true forecast for myself is much lower than 80 actually... I just didn't want to be considered insane so stopped at 80
[09:01] {Threei} and btw it didn't help, I was considered insane anyway
[09:02] {Threei} DELL under 15
[09:02] {Threei} some sertious bargains start shaping up
[09:03] {Threei} RIMM under 60 - had tyou ever thought you'd see this?
[09:03] {esemde} nope!
[09:04] {Threei} NVDA solidly under 9
[09:04] {Threei} sheesh
[09:05] {esemde} thinkinga bout buying more.......
[09:05] {Threei} what's your cost basis now?
[09:05] {esemde} stupidity can only last for so long
[09:06] {esemde} 11.40
[09:06] {patience} cramer this morning: i'm not buying, because prices are going lower. I bought last thursday, 95% cash committed now.
[09:06] {Threei} hmmm
[09:06] {patience} will cash in gold short term trades this morning
[09:06] {Threei} his record in calling major market turns is dismall
[09:09] {_xzap} my gap down scanners are showing a lot of good stocks that have been cut by 50% or more
[09:09] {magoo} in july cramer put up article that we had seen the bottom
[09:09] {magoo} vad, whats your take on today?humor me..i know u wait and see..but hey...where u think we headed?
[09:09] {Threei} we are closer and closer to market turn
[09:10] {Threei} I would expect first serious ramp up sometime today
[09:10] {GeoArb} gm
[09:10] {Threei} not an ultimate turn most likely, but first attempts of it
[09:10] {Threei} Geo :)
[09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[09:11] {Threei} those would be sold.
[09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[09:11] {Threei} then I'd expect very strong rally in second half of the day.
[09:12] {Threei} On a broader time frame, when major rally starts,
[09:12] {patience} i'm guessing fed rate cut this week....must be the last one to say it though :)
[09:12] {Threei} I want to start switching out of scalp mode
[09:12] {Threei} because when that rally comes, serious money is to be made
[09:13] {Threei} WB forming C&H on 1 min
[09:14] {Threei} 6.11 resistance... as much as premarket charts can be trusted
[09:14] {magoo} vad, u/we had good read on friday reaction..\
[09:15] {Threei} let's try not to bee too early on initiating longs
[09:15] {Threei} stay patient, premature attempts will do nothing but harm
[09:16] {Threei} but when real reverse comes, you will be happy you kept your powder dry
[09:16] {magoo} vad, if we do get decent reversal, lets keep eye on usualsRIMM, AAPL
[09:16] {Threei} those, yes,
[09:16] {Threei} plus DELL, NVDA
[09:16] {Threei} maybe solars although this sector is not very clear
[09:17] {GeoArb} hey vad I updated to 5.3.332 and cant login anymore :( any ideas?
[09:17] {Threei} how long have you waited?
[09:17] {Threei} first login takes longer than usual after update
[09:17] {GeoArb} till it gives me the error dialog box
[09:17] {Threei} hmmm
[09:17] {GeoArb} saying password is case sensitive
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {Threei} call dave Geo
[09:18] {Threei} oh btw, got e-mail from bruce
[09:18] {Threei} hello to everyone
[09:18] {Threei} and this observation:
[09:19] {Threei} If you had purchased $1,000 of shares in Delta Airlines one year ago, you
[09:19] {Threei} will have $49.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in AIG one year ago, you will have
[09:19] {Threei} $33.00 today.
[09:19] {Threei} If you had purchased $1,000 of shares in Lehman Brothers one year ago, you
[09:19] {Threei} will have $0.00 today.
[09:19] {Threei}
[09:19] {Threei} But, if you had purchased $1,000 worth of beer one year ago, drank all the
[09:19] {Threei} beer, then turned in the aluminum cans for recycling refund, you will have
[09:19] {Threei} received a $214.00.
[09:19] {Threei}
[09:19] {Threei} Based on the above, the best current investment plan is to drink heavily &
[09:19] {Threei} recycle. In the States it's called the 401-Keg.
[09:19] {magoo} sigh..took 2 cups coffee to realize my milk is spouiled
[09:19] {GeoArb} ewwww
[09:19] {peterg} morning all--feeling smart for the moment, in cash since summer
[09:20] {peterg} wont take long to feel stupid
[09:20] {dptl} good morning all
[09:21] {Threei} peter, dp :)
[09:22] {peterg} So as fear deepens, wish for miraculous rescue increases.
[09:23] {peterg} don't be the first on the hope train, because its the one going over the cliff
[09:23] {GeoArb} got voicemail left message
[09:25] {Threei} WB invalidate break
[09:25] {dino} ehpelumps and woozles day
[09:26] {Threei} again guys
[09:26] {Threei} stay patient
[09:26] {Threei} good trades to be had later on
[09:26] {dino} welcome xzap
[09:26] {Threei} but for now, let tyhe panic play out
[09:26] {dino} remember rule #1
[09:27] {peterg} yah?
[09:27] {dino} you must stay in the game
[09:27] {cosmo} if i'm gonna stay a patient, i'll need to switch providers...
[09:28] {peterg} lol
[09:28] {dino} find your edge, manage the risk, be consistant, and....keep it simple
[09:28] {Threei} and don;'t be a hero
[09:29] {peterg} you are speaking to the founder of mouse investments, where we snatch a bite and run away to playh another day
[09:29] {dino} that, imo, is a goos way to be today
[09:30] {cosmo} that beats 'catch a falling knife and save it for a rainny day
[09:30] {Threei} WB sharp drop
[09:30] {dino} good
[09:30] {Threei} look at DELL jump
[09:31] {Threei} some bargian hunting starts
[09:31] {GeoArb} I am in.... call tech supp they made me change port number for new build
[09:31] {dino} big gap down
[09:32] {Threei} VIX VOLATILITY MOVES TO 49.38, SURPASSING THE LEVEL OF 49.35 HIT POST-9/11/2001
[09:32] {Threei} Long Setup: DELL .21 if stays above .10
[09:32] {Threei} 1:1 easy
[09:33] {Threei} 1:3 for a multisecond, lol
[09:33] {GeoArb} all out
[09:34] {Threei} easy money, to warm up fingers
[09:34] {GeoArb} i think i was too excited i got in just in time :)
[09:34] {Threei} lol
[09:34] {peterg} +.06 tks
[09:34] {peterg} in late
[09:35] {Threei} don't chase them for now peter
[09:35] {GeoArb} enttry peter?
[09:35] {peterg} roger
[09:35] {peterg} .27
[09:35] {Threei} when we are in rally mode, entry errors are generally easily forgiven
[09:35] {Threei} in this volatility it can be very costly
[09:39] {Threei} CITI MAY CONSIDER BID FOR ENTIRETY OF WACHOVIA OPERATIONS - CNBC
[09:39] {Threei} {C WFC}
[09:43] {Threei} KFN sharp selloff
[09:44] {dino} rating cut
[09:45] {peterg} C
[09:46] {Threei} (EU) ITALIAN PM BERLUSCONI: EU LEADERS WILL DO WHATEVER IS NEEDED TO MAINTAIN FINANCIAL STABILITY, MEASURES DISCUSSED INCLUDED CENTRAL BANK LIQUIDITY INJECTIONS AND MEASURES FOCUSED ON INDIVIDUAL BANKS
[09:46] {Threei} - The EU is ready to support markets via central bank liquidity injections.
[09:46] {Threei} - EU member countries will take actions that ensure citizens do not lose any savings
[09:46] {cosmo} OSIP tests at 40
[09:46] {cosmo} fwiw
[09:48] {Threei} Long Setup: DELL half lot as close to 15 as possible, with stop under 14.80
[09:50] {Threei} if goes over 15.10, trail to 14.90
[09:50] {Onix} missed first round, now in @ .21 DELL
[09:51] {Threei} .21?
[09:51] {Onix} i mean 15.01
[09:51] {Threei} oh, OK
[09:51] {Threei} scared the bejezus out of me :)
[09:51] {Onix} :)
[09:51] {magoo} 03 here
[09:51] {Threei} takes too long... let's trail to under .90
[09:51] {Threei} don't like the resistance here, let's control risk tighter
[09:52] {Onix} ok
[09:54] {magoo} no mkt help
[09:54] {Threei} no, more selling hits
[09:54] {peterg} mouse left flat dell
[09:54] {GeoArb} ??
[09:54] {peterg} even
[09:54] {peterg} money
[09:55] {Threei} DNDN lost its mind
[09:55] {Threei} I smell broken trades
[09:55] {Threei} no worky DELL
[09:55] {magoo} out
[09:55] {Onix} stopped DELL
[09:56] {peterg} c pullback
[09:56] {peterg} maybe
[09:56] {magoo} 300 down here
[09:56] {Threei} Dow?
[09:57] {Threei} 320
[09:58] {Threei} 6 ;oints till 10K
[09:58] {Threei} points
[09:59] {_xzap} AAPL is finding sup around 92
[09:59] {magoo} careful
[09:59] {dino} lows held so far dji
[09:59] {dino} opps, cx that
[10:01] {dino} fwiw, watching ddm, qld, t, fcx
[10:04] {patience} tsx -601
[10:04] {Threei} *DJIA TRADES BELOW 10,000 FOR THE FIRST TIME SINCE OCT 2004
[10:05] {Threei} RMBS
[10:05] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR THE SAMSUNG APPEAL IN PATENT FIGHT
[10:06] {Threei} TIVO
[10:06] {Threei} SUPREME COURT WILL NOT HEAR APPEAL IN DISH-ECHOSTAR CASE
[10:06] {dino} fslr sm v sm l .7.30
[10:07] {Threei} supreme court just doesn't want tyo hear anything these days, eh?
[10:07] {Threei} told ya:
[10:07] {Threei} BSX
[10:07] {Threei} REPORTEDLY THE SUPREME COURT WILL NOT HEAR APPEAL AGAINST JNJ IN STENT CASE
[10:08] {dino} therefore, i am not listening to them
[10:16] {Threei} selling isn't done yet
[10:18] {Threei} getting ready to start trying RIMM
[10:19] {dino} whoosh coming
[10:19] {magoo} 407 down
[10:19] {Threei} yes
[10:22] {Threei} OK first try RIMM, .75
[10:22] {Threei} with sop under .50
[10:22] {GeoArb} vad whats the symbol ofr s&p index in laser?
[10:22] {Threei} small shares
[10:23] {Threei} "/sp8z"
[10:23] {Threei} without "
[10:23] {GeoArb} the index not the future
[10:23] {Threei} 1:1 RIMM
[10:23] {GeoArb} beauty
[10:24] {Onix} ty Vad, got .44 in RIMM
[10:24] {dino} t l .48, stop lod
[10:24] {Threei} wtg onix
[10:25] {GeoArb} nice onix
[10:25] {GeoArb} .35 here
[10:25] {Onix} ty
[10:25] {dino} gj onix
[10:25] {patience} time to go for a run, tsx now down -845
[10:26] {Threei} whoa
[10:27] {GeoArb} tried $INX $SPX nope
[10:28] {dino} t stopped -.18
[10:30] {dino} -9% sincewed close
[10:30] {dino} sm qld l .80
[10:31] {peterg} beginning to understand revenge trading; going to quit while ahead
[10:31] {peterg} its when you are determined the stock will give back to you
[10:31] {peterg} no matter if it kills you
[10:31] {dino} it sucks pete
[10:31] {peterg} right
[10:33] {Threei} pukage all over
[10:33] {Threei} UAUA, bounce scalp should be close
[10:34] {Threei} 6.71 forst try if stays above 6.60
[10:34] {Threei} first
[10:34] {Threei} be ready for a few attempts on any of the bounces
[10:34] {Threei} if not, stay away
[10:35] {Threei} view it as catching babies thrown out with bathwater
[10:35] {GeoArb} heh
[10:35] {Threei} some of them are slippery
[10:36] {peterg} ill say
[10:36] {Threei} UAUA 1:1, scalpers take profit, the rest half out and try to ride it to 7
[10:38] {Threei} IRAQI OIL MINISTER: OPEC MEMBERS ARE WORRIED ABOUT THE RECENT DECLINES IN CRUDE PRICES
[10:38] {Threei} they weren't worried about rises, were they
[10:38] {GeoArb} they were
[10:38] {GeoArb} as people would slow down
[10:38] {Threei} then I feel for them
[10:38] {Threei} worry on the way up, worry on the way down
[10:38] {Threei} guys just can't catch a break
[10:39] {GeoArb} they dont want it to be too expensive
[10:39] {GeoArb} just enuff so that we pay forever
[10:39] {GeoArb} al out
[10:39] {Threei} 1:2 UAUA
[10:40] {Threei} easy money
[10:40] {Threei} and here is my 7
[10:40] {Threei} full out
[10:40] {GeoArb} beauty vad
[10:41] {Threei} now, find anyone who finds you easy money on a day like today
06[10:41] * Threei has dislocated his shoulder trying to pat himself on the back
[10:42] {GeoArb} lol
[10:42] {GeoArb} comeon guys
[10:42] {GeoArb} give him sonething !!!
[10:42] {dino} relentless
[10:42] {GeoArb} wooooo
[10:43] {peterg} waaaaaaaaaaaaay to go!!!!!!!!!!!!!!!!
[10:43] {Threei} ah what's the use
[10:43] {GeoArb} wow 540 points already and its one hour
[10:43] {Threei} the only thing I regret is not buying some QID and holding for a few hours
[10:43] {peterg} (Greedily) Find more!!
[10:43] {peterg} I tried to buy, and laser offered me choices how to configure screen
[10:43] {Threei} watching DELL
[10:43] {magoo} 600 DOWN
[10:44] {esemde} Dow dn 550....WOW!!!!!
[10:44] {esemde} major selloff vad just like you said
[10:44] {Threei} around the globe
[10:44] {dino} at 500+ pts/day, by end of month we'll be at zero
[10:44] {Threei} exchanges getting halteds
[10:45] {esemde} and DOW under 10 000
[10:45] {Threei} Russia, Brasil
[10:45] {esemde} wow!!!!!
[10:45] {Threei} this is historic stuff in the making guys
[10:45] {GeoArb} strapping on the depends right now.......
[10:45] {peterg} Short selling banned forever worldwide
[10:46] {GeoArb} and swearing
[10:46] {Threei} (BR) BOVESPA HALTED FOR SECOND TIME TODAY, OFF 15% TO 37,814
[10:47] {Threei} VIX 56
[10:47] {Threei} I've never seen it before
[10:47] {Threei} missed DELL bounce
[10:47] {GeoArb} now thats news vad as youre old as dirt
[10:48] {Threei} so we are what, 3 for 4?
[10:48] {Threei} me happy so far
06[10:49] * Threei slaps Chaeron around a bit with a large trout
[10:49] {Chaeron} good morning to you too
[10:49] {Threei} we are making money hand over fist here, where are you wandering?
[10:50] {Chaeron} taking care of son
[10:50] {Chaeron} oh well... it's not over is it?
[10:50] {dino} ice sm l .85
[10:51] {Threei} it is chaeron... it is all over...
[10:51] {GeoArb} sheesh
[10:51] {GeoArb} vads in a good mood
[10:51] {Threei} hehe
[10:51] {Chaeron} naaaaa... we still have 9800 points to go :)
[10:51] {Threei} oh
[10:51] {Threei} true
[10:51] {Threei} just not today please
[10:51] {Threei} I can't handle that much excitement in one day
[10:52] {Threei} as geo duly noted, I am getting too old for this
[10:52] {GeoArb} hehehe
[10:52] {GeoArb} i didnt say too old
[10:52] {GeoArb} just old as dirt
[10:52] {dino} ice stopped
[10:52] {Chaeron} yeah... I bet he's no spring chicken either
[10:52] {dino} sheesh
[10:52] {GeoArb} hey i might be the youngest one here
[10:53] {GeoArb} "might"
[10:53] {Chaeron} that's not saying much
[10:53] {GeoArb} lolol
[10:53] {Threei} US PRES SPOKESPERSON NOTES THAT THE TREASURY WILL ACT WITH RESCUE PLAN QUICKLY
[10:53] {Threei} - could take 4 weeks to begin auctions
[10:54] {Threei} game plan:
[10:54] {Threei} we have seen already some solid bottoms followed by bounces:
[10:54] {Threei} look at RMBS, DELL, RIMM, UAUA
[10:54] {Threei} now,
[10:55] {Threei} I don't want to chase any of them here,
[10:55] {Threei} let's wait for pullbacks,
[10:55] {Threei} and let's see if there are no new lows.
[10:55] {Threei} If not, rally will be stron and long enough to find our plays
[10:55] {GeoArb} man am i glad i called tech supprt and got in today
[10:56] {GeoArb} would have missed the money vad was throwing around
[10:56] {Threei} so, patience is still the key word
[10:56] {Threei} even though she went for a run
[10:57] {Threei} [10:25] {patience} time to go for a run, tsx now down -845
[11:02] {Threei} TSX was down 1100 points earlier
[11:05] {dino} rally
[11:06] {Threei} ARCA is out streetwide, make sure you use ISLD
[11:07] {Threei} RIMM long .21
[11:07] {Threei} stop under 55
[11:08] {Threei} half out 1:1
[11:08] {GeoArb} man i took a sip of coffee and missed it :(
[11:09] {Threei} target 56 for the balance
[11:10] {Threei} cloe enough for ya?
[11:11] {peterg} thks vad; made moneyh
[11:11] {Threei} hard not to
[11:12] {Threei} money's being thrown up in the air
[11:12] {GeoArb} even i made money... 200 shares as chased alittle
[11:12] {Threei} raise your hand and pick'em up
[11:12] {Threei} REPORTEDLY CITIGROUP HAS NO BUY WACHOVIA ASSETS WITHOUT SOME KIND OF GOVERNMENT GUARANTEE - UNCONFIRMED REPORT
[11:12] {Threei} {C}
[11:13] {Threei} general market read at this point:
[11:13] {Threei} leg down is coming
[11:14] {Threei} not likely to make new lows, alothough I wouldn't bet a farm on it
[11:14] {Threei} Long Setup: QID small shares .50 break
[11:14] {Threei} stop under .30
[11:17] {Threei} no worky
[11:17] {dino} out qld .40, +.60
[11:18] {Threei} Long Setup: DELL .81 if stays above .70
[11:22] {Threei} Attention: DELL 1:1 half out for me, scalpers know what to do
[11:23] {GeoArb} way to go with the alerts vad
[11:23] {peterg} thks
[11:24] {Threei} what do we have, 5 for 7?
[11:24] {Threei} who is running the tally
[11:24] {GeoArb} y
[11:25] {Threei} stop for DELL balance is under .80 of course
[11:25] {GeoArb} Pall out
[11:25] {Threei} DELL 1:2 is coming
[11:26] {GeoArb} .18 thanks vad
[11:26] {Threei} welcome sir
[11:26] {Threei} Long Setup: UAUA 7.01 if stays above 6.90
[11:26] {Threei} 1:1 is here on DELL
[11:27] {Chaeron} in DELL 14.82 out at 15.00 +.18... thanks Vad
[11:28] {Threei} welcome :)
[11:28] {Threei} isn't it funny that the only atttempt of short did not work today
[11:29] {GeoArb} we are patriotic
[11:29] {Threei} well, admittedly I was too hesitant in the early morning
[11:30] {Threei} but heck, we are nicely in the money while whole world is hurting like hell
[11:31] {Threei} REP FRANK: PLANS TO ASK THE FED TO REGULATE THE ACTIVITIES OF HEDGE FUNDS
[11:31] {Threei} what the...
[11:32] {peterg} lot of resistance at 7 uaua
[11:32] {Threei} yup
[11:32] {Threei} no aggressive entries
[11:32] {Threei} doesn't retreat much with NQ
[11:32] {GeoArb} waat?
[11:34] {Threei} not interested in DELL on this pullback for now
[11:35] {_xzap} MNST
[11:36] {Threei} market fairly unclear here, easy trades are done for now
[11:36] {Threei} let's wait it out a little,
[11:36] {Threei} see what's next in the store
[11:37] {Threei} MNST looks tempting... just k,ind of hard to bring oneself to buy breakouts today
[11:37] {dino} jst sm l .82 wide
[11:38] {Threei} UAUA invalidated for now
[11:41] {Threei} getting tempted to short NVDA on .80 breakdown
[11:42] {Threei} .91 stop
[11:42] {Threei} just a scalp
[11:42] {Threei} DNDN is crazy
[11:43] {esemde} Does anyone have a good idea re the percent of a float thats short will cntribute to a major short squeeze
[11:43] {esemde} for any stock......5% 9% 10% ???
[11:43] {Threei} you mean where to find it?
[11:43] {Threei} oh... nah, there is no guideline
[11:43] {esemde} no.......just % of float short
[11:44] {esemde} NVDA is 9.84% short one of the biggest ones....if it ever turns around it will be big
[11:45] {esemde} how do you keep kicking the crap out of a company that basically has no debt.....and billions in cash hanging around for R&D
[11:45] {Threei} doesn't matter ese... it just goes with market at this point
[11:46] {esemde} true
[11:46] {esemde} or should i say indeed
[11:46] {Threei} indeed you should
[11:47] {dino} fed started paying interest on reserves it holds from others today. the printing presses are wide open
[11:47] {Threei} let's trail NVDA stop to .86
[11:47] {Threei} want to keep risk tighter than usual today
[11:49] {Threei} 1:1 is coming
[11:49] {Threei} make up your mind, scalp or partial
[11:49] {Threei} here is 1:1 NVDA
[11:50] {Threei} if taking half, trail stop to .81
[11:50] {Threei} for the balance that is
[11:50] {Threei} and we are 8 for 10
[11:50] {Threei} or 7 for 9?
[11:51] {Chaeron} whatever... let's go for 18:20
[11:51] {Threei} who is running the books??
[11:53] {Threei} PRESIDENT BUSH: IT WILL TAKE SOME TIME TO FREE UP CREDIT UNDER THE FINANCIAL RESCUE PLAN, THE PLAN WAS A BIG STEP FOR ADDRESSING THE PROBLEM
[11:54] {Threei} really?
[11:54] {GeoArb} made some stupid maistakes but all was forgiven with vad's odds
[11:54] {Threei} weren't we told that was urgent measure, do it NOW to stop the bleeding?
[11:54] {GeoArb} on another note I have become a hotkey stud
[11:54] {GeoArb} any newer newbie needs advice page me
[11:54] {_xzap} Vad } In today's mkt, how many shares are you buying ?
[11:55] {dino} yes 3i, and we were also told it was the evil shorts
[11:55] {esemde} geo baby!!!!!hot key stud
[11:55] {GeoArb} hehehe
[11:55] {GeoArb} key is superflous
[11:55] {peterg} keep talking geo, im listening, or dcc?
[11:55] {Threei} xzap, I usually posat "half lot" or small shares"... if there is no comment it's usual lot
[11:56] {GeoArb} nah dcc as dont want to clutter too much
[11:56] {_xzap} ok, thx
[11:56] {Threei} what lot constitutes for each trader depends on one's risk tolerance and account size
[11:56] {Threei} my usual is 1000
[11:56] {_xzap} Thanks Vad
[11:56] {Threei} sure
[11:57] {Threei} now Mr Evans makes me think,,, give me his salary and bonuses, I can do better:
[11:57] {Threei} FED'S EVANS: FED MUST ALWAYS REEVALUATE POLICY WITH TWIN MANDATES, SEEING RISKS OF PERSISTENT HIGH INFLATION
[11:57] {Threei} - Notes that the repricing of debt will affect a large range of financial institutions, slack in economy stronger than expected
[11:57] {Threei} - Remarks that continued weakness in housing is large 'drag' upon economy
[11:57] {Threei} - US Economy will be slow to 2009, very uncertain when recovery will come
[11:57] {Threei} slack in economy stronger than expected?
[11:57] {Threei} by whome?
[11:58] {Threei} sigh
[11:58] {Threei} useless talking heads
[11:58] {Threei} anyone is still holding NVDA short or I can stop watching it?
[11:59] {_xzap} MNST trying to break the .70
[11:59] {Threei} it's 10 cents from there xzap
[11:59] {Threei} you sure your quotes are right?
[12:00] {_xzap} yes, I was late on the k'board
[12:00] {Threei} .59 . .61 right now
[12:00] {Threei} ah OK
[12:01] {Threei} TREASURY'S RYAN: LIQUIDITY PROBLEMS ARE AT THE HEART OF THE CURRENT CRISIS, CONFIDENT THE US WILL EMERGE FROM THE CRISIS WITH STRONGER MARKETS
[12:01] {Threei} {XLF}
[12:01] {_xzap} ABFS
[12:01] {Threei} of course it will if you all get out of the way and stop trying to fix unfixable
[12:06] {dino} indeed
[12:09] {Threei} WB HALTED, NEWS PENDING
[12:11] {_xzap} NVDA setting up for long ?
[12:11] {Threei} I'd stay away for now
[12:12] {Threei} no clean setup, and it looks more like random movements at this point
[12:12] {_xzap} k
[12:12] {Threei} you saw all our trades up to this moment
[12:12] {_xzap} yep
[12:12] {Threei} only cleanest of setups,
[12:12] {Threei} lowest risk possible
[12:13] {Threei} not gicving any slack today
[12:13] {_xzap} yes, I see that.. this is a tough mkt
[12:14] {Threei} not necessary tough if you stay very disciplined and patient,
[12:14] {Threei} but it's unforgiving,
[12:14] {Threei} and with emotions running that hihg, price of mistake can be high
[12:14] {_xzap} I'm thinking maybe we need this selloff to shake things out and start to build a base
[12:14] {Threei} I agre
[12:14] {Threei} or agree
[12:14] {Threei} or both
[12:15] {Threei} as I said in the morning,
[12:15] {Threei} I believe we are in the process of form the bottom for a big rally
[12:15] {Threei} and this selloff is part of this process
[12:16] {Threei} and when I say big rally, I don't mean intraday one
[12:16] {Threei} I mean real one
[12:16] {Threei} full blow bull market
[12:16] {Threei} blown
[12:16] {Threei} just stay patient and keep powder dry
[12:17] {_xzap} can you believe DRYS @ 24
[12:17] {Threei} there will be plenty of fish to shoot when it comes
[12:17] {Threei} oh there are a lot of prices hard to believe
[12:17] {Threei} many of them are babies thrown out with bathwater
[12:18] {_xzap} here comes The Decider
[12:18] {Threei} uh oh
[12:18] {Threei} Bush on TV
[12:18] {hawkfan4} gird your loins
[12:19] {Threei} lol
[12:19] {GeoArb} cant
[12:19] {GeoArb} the depends keep getting in the way
[12:20] {Threei} REPORTEDLY WELLS FARGO STILL WANTS TO ACQUIRE ALL OF WACHOVIA'S OPERATIONS
[12:20] {hawkfan4} lol
[12:20] {GeoArb} ok guys off to work good day 3i
[12:21] {GeoArb} bye
[12:21] {Threei} take care geo
[12:22] {dino} later geo
[12:23] {Threei} PERSING'S ACKMAN: NOTES HE IS AMONG AIG'S TOP 12 INVESTORS
[12:23] {Threei} how is it of any significance?
[12:24] {dino} and is he smart, buying now, or dumb buying 40 pts ago
[12:24] {Threei} lol
[12:27] {Threei} market flatlined
[12:29] {Threei} PERSHING'S ACKMAN: MADE A SMALL INVESTMENT IN AIG RECENTLY, NOW AMONG AIG'S TOP 12 HOLDERS - CONF COMMENTS
[12:29] {Threei} - AIG has very attractive assets.
[12:29] {Threei} - On a pro forma basis, Wachovia is worth $7.29-19.59 a share.{WB}
[12:29] {Threei} huh?
[12:29] {Threei} lol
[12:30] {Threei} oil under 90 again
[12:31] {Threei} "this sucker is going down"
[12:34] {dino} so when oil drops does govt complain about speculators
[12:34] {dino} :)
[12:35] {_xzap} short ABFS ?
[12:37] {Threei} with stop above .65, maybe
[12:38] {_xzap} possibly
[12:38] {Threei} into this bounce
[12:38] {Threei} on a first sign of weakness
[12:39] {Threei} market is downticking
[12:39] {Threei} and keep it small, stock is volatile
[12:39] {Threei} oh boy
[12:40] {Threei} Lehman CEO says:
[12:40] {Threei} nobody including me expected the problem with mmortgages
[12:40] {Threei} huh??
[12:40] {_xzap} Somebody will go to prison over this mess
[12:41] {Threei} I hope
[12:42] {magoo} vad, rimm is cominhg up error code on short attempt now
[12:42] {dino} a bunch of them should. no different than enron, wcom etc
[12:42] {dino} tyco
[12:42] {Chaeron} and govt officials? :)
[12:42] {magoo} not avail??
[12:42] {dino} lied about nont needing funds, etc, then wiped you out
[12:42] {Threei} wow
[12:43] {Threei} did they add RIMM to the ban list?
[12:43] {dino} barney frank should go to jail, fre, fnm will do anything i tell them
[12:43] {Chaeron} #&$#@
[12:43] {magoo} dunno..but can sh aapl..dso not my system
[12:43] {Threei} TREASURY'S RYAN: GOVT IS EXAMINING ISSUES SURROUNDING LOANS AND MORTGAGES, LOOKING AT A VARIETY OF APPROACHES TO MAKING TARP WORK
[12:43] {Threei} - Wants to get TARP up and running as soon as possible.
[12:43] {esemde} see ya tomorow.....
[12:44] {Threei} let me get this straight... they railroaded TARP through the house, now they are looking into ways to make it work?
[12:44] {Threei} take care ese
[12:44] {Chaeron} bye ese
[12:44] {dino} cya es
[12:45] {_xzap} watching ABFS to break below .40
[12:46] {Threei} VVUS
[12:46] {Threei} ANNOUNCES THE WEIGHT LOSS EFFECTS OF QNEXA IN TYPE 2 DIABETES
[12:48] {Threei} LEH CEO is getting drilled on salary, bnuses and stock sales
[12:49] {Threei} guy took hope 480 mil since 2007
[12:49] {Threei} home
[12:49] {_xzap} he looks like he needs water bad Vad
[12:49] {_xzap} or oxygen
[12:49] {Threei} I'd say what he needs in my opinion
[12:50] {Threei} but this is family oriented room
[12:50] {_xzap} lol
[12:52] {Threei} guys defense:
[12:52] {Threei} numbers are no accurate, it's rather like over 300 mil
[12:54] {Threei} oh boy... are you guys watching this?
[12:55] {dino} un be liev able
[12:55] {_xzap} he seems to be somewhat sedated
[12:55] {dino} better watch for snipers
[12:55] {Threei} I feel like I am in the land that lies beyond the looking glass
[12:56] {_xzap} MNST rolling over
[12:56] {Threei} yeah, this is not a market for buying breakouts
[13:00] {_xzap} short EXPD ?
[13:01] {Threei} near 31, yeah
[13:01] {Threei} stop is above 31.10 - .15
[13:03] {Threei} REPORTEDLY TREASURY SEC PAULSON IS TALKING WITH FED CHAIRMAN BERNANKE AND FED'S GEITHNER TODAY, "WORKING THE PHONE" TO SPEAK WITH MARKET PARTICIPANTS - UNCONFIRMED REPORT
[13:03] {Threei} just what do they talk about with "market participants"
[13:03] {patience} how much more do you need?
[13:04] {dptl} lol
[13:04] {Threei} why don't they call me then... I have exact number is mind
[13:04] {patience} don't make it millions then, they won't help, you have to ask for billions
[13:04] {Threei} yup
[13:06] {_xzap} this is crazy. Normal technical trading techniques are out the window
[13:08] {dino} cmt channel interesting today
[13:10] {dino} xzap, yes, for about a month
[13:11] {Threei} FED'S FISHER: NOW IS NOT THE TIME TO PANIC WITH REGARDS TO FINANCIAL MARKETS
[13:11] {Threei} I think we can rely on Fisher to tell us when it's time to panic?
[13:11] {Chaeron} he's right... we should have panicked months ago
[13:12] {dino} well, translated he means you should have panic sold at end of aug.
[13:12] {GeoArb} :)
[13:12] {dino} lol chaer
[13:12] {GeoArb} well i did move my 401k to treasures a few months ago
[13:12] {GeoArb} dunno if it was smart
[13:12] {GeoArb} more kneejerk
[13:13] {_xzap} Dino } My charts look like a bad EKG
[13:13] {dino} lol
[13:13] {Threei} means they work well
[13:13] {Threei} 'cause that's exaclty what we have in the markets these days
[13:14] {_xzap} I can usual trade on an EMA cross but that won't work now
[13:14] {Threei} if you see good EKG, your charts are off
[13:14] {GeoArb} i wonder if short ban expiration will affect market
[13:14] {Threei} yes
[13:14] {_xzap} my trend lines look like a 5 year old with a crayon
[13:16] {_xzap} ZION setting up for short ?
[13:16] {Threei} I don't think you can short it
[13:16] {Threei} financial
[13:16] {_xzap} true, I forgot
[13:20] {Threei} amazing, all activity has died
[13:21] {patience} options are moving
[13:21] {Threei} which way?
[13:21] {patience} i'm scalping POT april 100 calls, they have been moving up
[13:21] {patience} could reverse easily
[13:21] {GeoArb} what platform for options patience
[13:22] {GeoArb} ?
[13:22] {patience} i just used my general trading account through td
[13:22] {GeoArb} ok
[13:22] {GeoArb} TY
[13:22] {Threei} doesn't Laser offer options geo?
[13:22] {GeoArb} i think it does
[13:22] {_xzap} DRYS possible short set up
[13:22] {GeoArb} i dont think i have quotes
[13:23] {Threei} I remember something a while ago about implemenmting them
[13:23] {Threei} oh, you need to apply for it separately
[13:23] {Threei} not on by default
[13:23] {Threei} PERU STOCK EXCHANGE HALTED TEMPORARILY AFTER DECLINING 7.5%
[13:25] {Threei} CSIQ
[13:25] {Threei} SIGNS 2009 SALES CONTRACT
[13:25] {Threei} wow
[13:25] {Threei} some spike
[13:26] {Threei} SIGNS 2009 SALES CONTRACT FOR 28MW, OPTIONS FOR ANOTHER 20MW, PRICES FIXED FOR NEXT MONTHS
[13:26] {GeoArb} just got off the phone with dave.... he alled back
[13:27] {GeoArb} heisnt trading today.... got stuff to care
[13:27] {Threei} gosh... CSIQ is so cheap
[13:28] {_xzap} look how fast the vol fell off on CSIQ
[13:28] {GeoArb} hmmm thats what my wife says about me
[13:28] {Threei} yeah, just some dummies pushing market order buttons into thin stock
[13:29] {magoo} vad is RIMM avail short for u?try it way ouit there
[13:29] {Threei} no mags, I tried when you asked first trime
[13:29] {magoo} ok ty
[13:29] {Threei} same error code as for list of short ban
[13:29] {dino} lol
[13:29] {Threei} I guess they applied to SEC to be included
[13:30] {GeoArb} i got a mesage
[13:30] {GeoArb} no error code
[13:30] {GeoArb} "cannot short per sec"
[13:30] {Threei} same thing
[13:30] {GeoArb} they have a newer new version
[13:30] {GeoArb} 5.3.332
[13:30] {Threei} yeah
[13:31] {Threei} any changes but this?
[13:31] {GeoArb} maybe decided to have friendly error messages unlike MSFT
[13:31] {GeoArb} some ISLD routing fixes
[13:31] {Threei} what are those corrections in server?
[13:31] {GeoArb} sorry
[13:31] {GeoArb} ARCA
[13:31] {GeoArb} 1. Fix ARCA routing strategy once PO+ selected.
[13:31] {GeoArb} 2. Use updated SymbolInfo.txt (4/24/2008)
[13:31] {GeoArb} 3. Add ten lines for internet quote servers.
[13:32] {Threei} no, I mean to log in
[13:32] {Threei} what do you need to change?
[13:32] {GeoArb} dave said when i installed new version it reset my port to default
[13:32] {GeoArb} as i need to user bear port they gave it to me and then it worked
[13:33] {magoo} i haven't downloaded it yet..u vad?
[13:33] {_xzap} still watching DRYS for short
[13:33] {Threei} no
[13:33] {Threei} don't want to get stuck
[13:33] {GeoArb} they want us to use 15905 as port
[13:33] {Threei} and geo won't share
[13:33] {GeoArb} i just did
[13:33] {Threei} oh he did
[13:34] {Threei} lol
[13:34] {GeoArb} i was checking
[13:34] {Threei} it's executor server only, right?
[13:34] {Threei} the rest stays as it is
[13:35] {GeoArb} yes
[13:35] {GeoArb} ill email ya a snapshot
[13:35] {Threei} OK... no trades anyway rifght now, I can try mags
[13:35] {Threei} will tell you if it goes smoothly
[13:35] {magoo} ok
[13:35] {magoo} ill wait
[13:35] {magoo} im computer illitterate
[13:36] {GeoArb} sent vad
[13:37] {Threei} installing
[13:38] {magoo} looking for my dow 9000 hat
[13:38] {GeoArb} really magoo?
[13:38] {magoo} yeah..been so long cant find it
[13:39] {Threei} opened with no problem mags
[13:39] {magoo} did u have to dock in port 188905?
[13:39] {Threei} just click Server setup before trying tolog in
[13:39] {magoo} or wshatever?
[13:39] {Threei} and change executor server to 15905
[13:40] {_xzap} Woo ! +1 point on DRYS short
[13:41] {Chaeron} nice one xzap
[13:41] {Threei} wtg
[13:42] {Chaeron} (don't know why I have a desire to nickname you "Zap Brannigan" hmmm doubt anyone here would get reference
[13:42] {_xzap} lol
[13:43] {_xzap} man, a stock makes a little run in one direction and turns right around and runs in the other direction
[13:45] {Threei} break of 24 begs to be shorted again
[13:46] {_xzap} I'm afraid to go back in
[13:47] {GeoArb} you in vad
[13:48] {Threei} not here
[13:48] {Threei} missed original entry as typed
[13:48] {GeoArb} yeah me too
[13:48] {Threei} not want to see support giving in
[13:48] {Threei} not = now
[13:49] {Threei} .79 would be breakdown
[13:49] {Threei} small shares, stop around 24.10
[13:54] {Threei} why is WB happy again?
[13:54] {Threei} I see no new news
[13:55] {Threei} TICKS HIGHER AS PERSHING'S ACKMAN APPEARS ON CNBC, REITERATES HE SEES WB SHARES WORTH AROUND $8/SHR AT A MINIMUM
[13:55] {Threei} sigh
[13:55] {Threei} come on people
[13:56] {Threei} guy takes large stake, goes on TV and says it costs more
[13:56] {Threei} and they jump to buy?
[13:56] {dino} fcx sm wide l .20
[13:57] {Threei} Nato commanders to draw up plans to defend ex-Soviet bloc members from Russia
[13:57] {GeoArb} so is anyone going to jail?
[13:57] {GeoArb} One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.
[13:59] {Threei} so bonuses were granted?
[13:59] {GeoArb} Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.
[13:59] {GeoArb} i thought bankruptcy had bonus clawback provisions no?
[14:04] {Threei} what if they already spend it?
[14:04] {Threei} transfered out of country
[14:04] {Threei} numbered offshore accounts
[14:04] {GeoArb} whatever happenned to the risk part of reward?
[14:04] {Threei} that's for us
[14:04] {Threei} for them it's pure reward
[14:04] {Threei} you heard Leh Ceo
[14:05] {dino} stopped fcx
[14:05] {GeoArb} i have come to the conclusion that capitalism something sold to the masses...
[14:05] {GeoArb} its chummy socialism on top
[14:05] {Threei} "company did well, we did well..y didn't do well, neiether did we"
[14:05] {Threei} congressman: huh?
[14:05] {Threei} seems you did well no matter what
[14:06] {GeoArb} well his wife IS selling all their art
[14:06] {Threei} I am crying
[14:06] {GeoArb} hehehe
[14:07] {GeoArb} "i cannot recall" answers flying
[14:09] {Threei} chart looks like another breakdown is coming
[14:09] {_xzap} watching to short CSIQ
[14:10] {Threei} break of 13
[14:10] {Threei} just keep size reasonable, very thin one
[14:10] {GeoArb} ahh the ones given 20 mill were actually fired
[14:11] {_xzap} I'd like to see 12.50 on CSIQ
[14:11] {_xzap} 12.59 I mean
[14:12] {Threei} oh, that's why bounuses were so small geo?
[14:12] {GeoArb} yup
[14:12] {Threei} got it
[14:12] {_xzap} why did they name a company located in China Canadian Solar
[14:13] {Threei} it's a canadian company
[14:13] {_xzap} that makes sense
[14:13] {Threei} production is in China but whose isn't
[14:13] {_xzap} doesn't China own most of the US now
[14:14] {_xzap} PLCM breaking down
[14:14] {GeoArb} i tuened it off... got sickened
[14:18] {_xzap} MNST trying to break down
[14:21] {dptl} what a crazy day
[14:21] {Threei} ugh
[14:21] {GeoArb} you wanna bet today is the day the keating ads will com out?
[14:21] {Threei} looked at DELL to short
[14:21] {Threei} and disdn't find guts
[14:22] {_xzap} Vad, it would be cool if you had a sound alert on here when you made an entry
[14:22] {GeoArb} csiq broke
[14:22] {Threei} you can set it in your mirc on my name
[14:22] {_xzap} oh, thanks
[14:22] {dptl} where is tsx now anybody??
[14:22] {GeoArb} files options irc highlight
[14:22] {Threei} HEARING REPORTEDLY SET FOR 2PM TOMMOROW ON CITIGROUP AND WFC DISPUTE OVER WB ACQUISITION
[14:22] {Threei} - Note Bair remarked that she expected a solution with regards to the disupute today{C WB}
[14:23] {dptl} pations......tsx?
[14:23] {dptl} pationce sorry
[14:23] {Threei} try again
[14:23] {dptl} damn...patience
[14:23] {Threei} third time should it
[14:23] {Threei} there :)
[14:24] {dptl} lol
[14:25] {_xzap} I'm right clicking your name Vad but son't see an audio alert option
[14:26] {GeoArb} {GeoArb} files options irc highlight
[14:26] {Threei} geo tells you how to do it xzap
[14:26] {dptl} -951 tsx
[14:27] {GeoArb} put threei and enable sound
[14:27] {GeoArb} wow
[14:27] {magoo} cant short goog now vad
[14:27] {GeoArb} really?
[14:28] {GeoArb} heheheh maybe the new version screwed it up
[14:28] {_xzap} thx Geo, I think I got it
[14:30] {dptl} almost -1000 tsx
[14:30] {_xzap} PLCM below S1 now
[14:30] {GeoArb} S1?
[14:30] {_xzap} Support 1
[14:32] {GeoArb} GOOG isnt on the shortlist as of 9:16
[14:32] {GeoArb} http://www.gndt.com/support/shortlist.htm
[14:33] {GeoArb} maybe they just ran out of locates
[14:33] {GeoArb} fellow swingers used em up
[14:33] {GeoArb} ok that didnt come out right
[14:33] {Threei} lol
[14:33] {patience} i was wondering
[14:34] {GeoArb} beacuse i think the way it works is brokerages have short inventory beofre open.... and it just might have been used up
[14:35] {patience} tsx down -925 oh my my
[14:35] {dptl} crazy
[14:35] {GeoArb} dino dcc pls
[14:35] {Threei} interesting thing is, it still doesn't feel like capitulation
[14:36] {patience} well mom just phoned, she is cashing in more investments.....can't be that far away
[14:37] {Threei} oil 89?
[14:38] {dptl} 88.27
[14:38] {GeoArb} its 88
[14:39] {GeoArb} sorry dptl
[14:39] {dptl} goes fast:)
[14:40] {Threei} good
[14:40] {patience} qid, sds, skf and especially fxp have done well
[14:40] {Threei} (well, I had to find something good in what happens in markets today, no?)
[14:40] {patience} not that i traded them
[14:40] {GeoArb} i thought therer was one nyse high
[14:41] {dptl} really happy about oil.....might even go and wash my car :)
[14:41] {_xzap} PLCM near day's low
[14:42] {GeoArb} finally take it for a spin?
[14:42] {dptl} lol
[14:44] {Threei} anyone bets on Dow closing green?
[14:44] {GeoArb} which side you on vaD?
06[14:44] * Threei crawls under the nearest rock
[14:44] {Threei} I am against
[14:44] {Threei} just thought maybe someone had some beer to lose on a bet
02[14:45] * Disconnected
02[15:16] * Attempting to rejoin channel #discussions

[15:17] {dptl} whoooho tsx-1000
[15:17] {dino} -800
[15:17] {dino} dji
[15:17] {GeoArb} i made money today
[15:17] {GeoArb} but am not happy for some reason
[15:17] {GeoArb} atleast i was long hehehe
[15:17] {_xzap} my T&S looks like it's in slow motion
[15:17] {patience} vad just phoned me
[15:17] {patience} all of his internet has died
[15:17] {patience} ok, is anybody still here?
[15:17] {_xzap} yep
[15:17] {dptl} yep
[15:17] {dino} y
[15:17] {dino} tell vad he has to pay the bill
[15:17] {_xzap} JRCC setting up for a long
[15:17] {_xzap} will the dow close down -1000
[15:17] {peterg} hr to go;
[15:17] {GeoArb} hey peterg
[15:17] {GeoArb} dcc
[15:17] {patience} interesting link on circuit breakers http://www.nyse.com/press/circuit_breakers.html
[15:17] {dptl} vrsn???
[15:17] {_xzap} I don't see any news on VRSN
[15:17] {peterg} geo dcc'd
[15:17] {_xzap} This was my 1st day here, just wnated to thank ya'll for letting me hang out
[15:17] {patience} interesting times xzp
[15:17] {dino} yeah, not one of my better days
[15:17] {_greens} c
[15:17] {_xzap} I have a system that works pretty well but not right now
[15:17] {dino} in any case, i won't be in rest of week, golf vaca
[15:17] {patience} what is volume like today?
[15:17] {patience} no laptop on the golf course dino?
[15:17] {_xzap} i can't find vol in anything
[15:17] {_xzap} dptl } Still watching VRSN ?
[15:17] {dptl} above averege on qqqq...patience
[15:17] {dino} no patience, i have refused to bring work on vacations. like to clear my head
[15:17] {dptl} amm..no vrsn...was playing rmbs
[15:17] {_xzap} VRSN is acting weird
[15:18] {Threei} am I back?
[15:18] {_xzap} yep
[15:18] {Threei} wow
[15:18] {patience} nice last hour recovery in progress
[15:18] {dptl} hey Vad
[15:18] {dino} yes abot 300 pts
[15:19] {Threei} sh*t
[15:19] {Threei} missed everything
[15:19] {Threei} good 50 cents on DELL
[15:19] {GeoArb} you missed?
[15:19] {GeoArb} no no
[15:19] {GeoArb} we missed vad
[15:20] {Chaeron} going for green..........
[15:20] {_xzap} no news on VRSN, up almost 2 points
[15:21] {Threei} can't believe it... reversal I was for whole day, and darn internet goes doqwn
[15:21] {Threei} was waiting for
[15:21] {GeoArb} tch tch
[15:21] {GeoArb} i trade on 30 buck dsl
[15:22] {GeoArb} and wireless on 30 buck cable
[15:22] {GeoArb} leanred that when i used to trade futures with stops local
[15:22] {_xzap} all my gap downs from this am have turned around
[15:23] {GeoArb} vad doesnt even have the connectivity for a trout lol
[15:23] {Threei} lol
[15:23] {Threei} all green lights on modem and router, no connection
[15:23] {Threei} something got cut off at ISP
[15:24] {Threei} well, we did great today anyway
[15:24] {Threei} just a shame that this reversal slipped through fingers
[15:24] {GeoArb} you need a hotbrick vad
[15:24] {Threei} frikin 50 points NQ
[15:24] {Threei} I know, a lot of investors would say "cry me a river"
[15:24] {Threei} but still
[15:24] {GeoArb} takes cable and dsl at back and flips if one fails
[15:25] {_xzap} Look at SPWRA
[15:25] {Threei} everything I was hunting for:
[15:25] {Threei} DELL 50 cents
[15:25] {Threei} RIMM 4 bucks
[15:26] {Threei} NVDA 40 cents
[15:26] {GeoArb} ehehehe
[15:26] {GeoArb} vad sounds anguished
06[15:26] * Threei slaps GeoArb around a bit with a large trout
[15:26] {Threei} you asked for it :)
[15:26] {GeoArb} we killed anyway vad
[15:26] {dino} out fslr 150.30, +3.00 all day sheesh
[15:26] {GeoArb} coe dino deserves one
[15:26] {Threei} yeah, no reason to complain, except one:
[15:26] {GeoArb} look at his timing
[15:26] {Chaeron} nice dino
[15:26] {_xzap} AAPL running
[15:26] {Threei} when this rally develops, I am not going to stay with scalps
[15:27] {GeoArb} true true
[15:27] {Threei} this is going to be a reversal for big moneyu
[15:27] {Chaeron} did we see the MOABs today?
[15:27] {dino} ty chaer
[15:27] {GeoArb} yeah i even made dave increase my share per ticket
[15:27] {Threei} and I didn't intend to miss first leg of it to say honestly :)
[15:27] {Threei} beautiful trade dino
[15:28] {Threei} I am not sure yet chaeron
[15:28] {Threei} by the charts configuration, very possibly,
[15:28] {Threei} but today's selling didn't have this feel of ultimate climax
[15:28] {Threei} organized liquidation rather than sheer panic
[15:29] {dino} lucky vad, but thx
[15:29] {Threei} yeah yeah, we know :)
[15:29] {GeoArb} dino i have a quote for you
[15:29] {dino} ?
[15:29] {dino} better lucky than good
[15:29] {patience} i've put some stink bids in, figure the public hasn't participated rush to safety
[15:29] {GeoArb} seneca the yonger: lunck happens when preparation meets oppurtunity
[15:29] {GeoArb} http://en.wikipedia.org/wiki/Seneca_the_Younger
[15:30] {dptl} rmbs..baby...+.06 +.13
[15:30] {dino} ah yes, i've heard that
[15:30] {GeoArb} :)
[15:30] {dino} i kind of think we create a bit of our own luck
[15:31] {Threei} in trading we certainly do
[15:31] {GeoArb} in ancient sanskrit.....
[15:31] {GeoArb} the deer doent walk into the sleeping lions mouth on its own
[15:31] {GeoArb} ok looks like i made too much money
[15:32] {Threei} Russia is down 21%??
[15:32] {Threei} mama
[15:32] {dino} ouch
[15:32] {dptl} oh maan
[15:33] {dptl} they were open??
[15:33] {Threei} they halted twice
[15:33] {GeoArb} oil +1.67
[15:33] {dptl} hoping i guess
[15:33] {Threei} GE
[15:33] {Threei} pullback is interesting here for bounce
[15:35] {Threei} closer to 21 hopefully
[15:35] {Threei} and with market resumption to the upside
[15:36] {Threei} watch from here
[15:37] {Threei} in .92
[15:37] {Threei} stop .85
[15:38] {Threei} can take a few tries as all these pullbacks
[15:40] {Threei} out
[15:41] {_xzap} I get stopped out on the bid, not the last. Does this happen to anyone else ?
[15:41] {GeoArb} what platform?
[15:41] {_xzap} Scott Trade elite
[15:41] {Threei} sheesh
[15:42] {Threei} jumped right back up
[15:42] {GeoArb} :(
[15:42] {dptl} to close to eod...to crazy
[15:42] {GeoArb} one internet crash and vad lost mojo
[15:42] {GeoArb} lol
[15:42] {Threei} lol
[15:42] {Threei} come on... sacrifice 7 cents for common good
[15:43] {Threei} these pullbacks are always: dop not play if not ready for a few attempts
[15:43] {Chaeron} we in again?
[15:43] {Chaeron} *sigh*
[15:43] {GeoArb} look at this
[15:43] {GeoArb} sheesh
[15:43] {dino} out jst .47 ave +.65
[15:43] {Chaeron} out at .85 - -.07
[15:43] {dptl} staying away...protecting profits:)
[15:44] {GeoArb} smart dptl
[15:44] {Threei} happens too quickly to comment real time chaeron
[15:44] {_xzap} DRYS
[15:44] {Threei} overtightened stop a bit I guess on GE
[15:45] {GeoArb} peter am done trading.... so you can dcc me about hotkeys
[15:45] {dino} clf bounce range
[15:45] {Onix} stopped GE @.84 = -.12 and look at it now!
[15:45] {GeoArb} thats why i am done :)
[15:46] {GeoArb} got stopped out... want to take rest home
[15:46] {Chaeron} Onix - give it time... it could have just as easily gone to 20.20
[15:46] {Onix} so true
[15:47] {Chaeron} I have to go ... bye everyone... we'll have fun tomorrow too
[15:47] {_xzap} Thanks for having me today Vad :)
[15:47] {Threei} take care chaeron
[15:47] {GeoArb} bye caeron
[15:47] {_xzap} see ya chaeron
[15:47] {Threei} glad to be a host xzap
[15:48] {_xzap} I'll be here rest of this week
[15:48] {peterg} thanks geo
[15:50] {dptl} what a day.....:)
[15:50] {Threei} no kidding
[15:50] {magoo} crazy
[15:51] {dptl} i am gonna mark it on my calendar:)
[15:52] {Threei} last scalp, DELL long
[15:53] {Threei} .80
[15:53] {dino} thx all, see you next monday. good luck and stay alive
[15:53] {Threei} take care dino
[15:53] {peterg} have great trip dino
[15:53] {hawkfan4} cya dino
[15:53] {dptl} have fun
[15:53] {magoo} in dell
[15:54] {GeoArb} half out 1:1
[15:54] {Threei} out .92
[15:54] {Threei} too close to eod
[15:55] {magoo} out .95 FL TY bossasauras
[15:55] {Threei} lol, welcome
[15:55] {Threei} had to get back those 7 cents on GE
[15:55] {GeoArb} great ending 31
[15:55] {GeoArb} i understand
[15:55] {dptl} :)...amazing...nice trade didn't have gats for that:)
[15:55] {magoo} btw..u still stuck with me ALL WEEK lol
[15:55] {GeoArb} lol
[15:55] {Threei} lol
[15:55] {Threei} remember old saying?
[15:55] {Threei} amateurs open market, pros close it
[15:55] {GeoArb} i didnt revenge trade GE
[15:55] {Threei} well, look at the close
[15:56] {Threei} DJI is down lousy 330 points
[15:56] {magoo} big gap tomorrow unfortunately
[15:56] {Threei} which is nothing in terms of recent volatility
[15:56] {dptl} :)
[15:56] {dino} 500 pt dji comeback
[15:56] {Threei} yup
[15:56] {Threei} tells you wheta smart money is doing today
[15:57] {Threei} today's sellers will be big losers when all said and doen, IMO
[15:57] {dptl} good day.....have a good evening all :) and ty for the heads up:)
[15:58] {Threei} frikin GE, lol
[15:58] {Threei} take care dp
[15:58] {magoo} u too dp
[15:59] {Threei} [09:11] {Threei} However, if we get this hopeless bleak relentless selling pressure for a few hours,
[15:59] {Threei} [09:11] {Threei} then I'd expect very strong rally in second half of the day.
[15:59] {peterg} ciao all; so vad you have 2 scenarios eh
[16:00] {Threei} at least
[16:00] {peterg} big up at open, or bleak relentless at first, followed by up
[16:00] {peterg} right
[16:00] {peterg} thks, gd day
[16:00] {Threei} no, first one was:
[16:01] {peterg} yah?
[16:01] {Threei} [09:11] {Threei} ideally, we don't get rally atempts too early in the day,
[16:01] {Threei} [09:11] {Threei} those would be sold.
[16:01] {Threei} OK guys, thank you all
[16:01] {Threei} have a good evening
[16:01] {Threei} see you tomorrow
[16:01] {magoo} u always forget to post who asks the question..he he
[16:02] {peterg} me?
06[16:02] * magoo slaps peterg around a bit with a large trout
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:02] {peterg} much better...............
[16:02] {magoo} hey,,not very nice
[16:02] {peterg} do you feel lucky?
06[16:02] * peterg slaps magoo around a bit with a large trout
[16:03] {patience} have fun dino, magoo will be his usual wonderful self while you are gone :)

Friday, October 3, 2008

Oct 03 2008

Session Time: Fri Oct 03 00:00:00 2008

[07:50] {magoo} morning
[07:54] {Threei} Good morning
[07:54] {magoo} vad, u see the new lasrr download?
[07:55] {Threei} yeah
[07:55] {Threei} didn't do it yet
[07:58] {magoo} me neither..alot of changes
[07:58] {magoo} is it necessary to do it?
[08:00] {Threei} not at this point I believe
[08:00] {magoo} vad, should WB trade at 7$ with deal
[08:00] {Threei} well, it's a stock deal if I understand correctly
[08:00] {Threei} not cash
[08:03] {Threei} NCC traded above 4 earlier
[08:04] {magoo} that was trade from past..as in 2 dollar stock making points
[08:23] {magoo} vad..i think the sdcenario has changed slightly
[08:23] {Threei} I'd say greatly
[08:24] {Threei} market had enough time to evaluate rescue package
[08:24] {Threei} and doesn't seem to like it very much
[08:24] {magoo} but it seems now majority expects a pop THEN drop after bill passes {assuming it does}
[08:25] {magoo} maybe to easy to expect drop
[08:25] {Threei} that was what we expected first time around
[08:25] {magoo} my time frame isshort i mean
[08:25] {Threei} now it very well could be different
[08:25] {Threei} a lot of dynamics changed since then
[08:25] {magoo} pop..small drop..then hard power up
[08:26] {Threei} that's one possibility
[08:26] {Threei} another is, just hard down
[08:26] {magoo} yea..no pop
[08:26] {Threei} really can't tell at this point
[08:27] {Threei} see, a week ago it was very different
[08:27] {Threei} reaction to package was more emotinal
[08:27] {Threei} "huge relief" kind of thing
[08:27] {Threei} now, not so much
[08:27] {magoo} agree...more people are fearful of alot of other economic issues now
[08:27] {Threei} yeah
[08:27] {magoo} regardless...we are gonna retest bottoms sometime
[08:27] {Threei} a lot of people start doubting this measure will work at all
[08:28] {magoo} but i try to figure out daily
[08:28] {magoo} because im not in
[08:28] {Threei} right
[08:28] {Threei} main problem in forecasting for us at this point is:
[08:28] {Threei} we can't really tell whether the negativity of last days is comong from lack of faith in package passing
[08:29] {Threei} or lack of faith of its working
[08:29] {Threei} if it's former, then passage will jolt the market up
[08:29] {Threei} if latter, it's big down move in any case
[08:30] {Threei} ) SEPT AVERAGE HOURLY EARNING M/M: 0.2% V 0.3%E
[08:30] {Threei} Y/Y: 3.4% V 3.6%E; AVERAGE WEEKLY HRS: 33.6 V 33.7E
[08:30] {Threei} (US) SEPT UNEMPLOYMENT RATE: 6.1% V 6.1%E
[08:31] {Threei} US) SEPT CHANGE IN NONFARM PAYROLLS: -159K V -105KE; CHANGE IN MANUFACTURING PAYROLLS: -61K V -57KE
[08:38] {cosmo} LINE: Cramer likes it...
[08:38] {cosmo} fyi
[08:39] {Threei} should we too?
[08:39] {cosmo} hmmm ... just be aware
[08:40] {cosmo} i guess
[08:43] {Threei} so far, watching NCC and ABK
[08:47] {hawkfan4} good morning
[08:47] {Threei} hawk :)
[08:48] {esemde} morning........
[08:49] {Threei} ese :)
[08:49] {esemde} day nine of the learning curve
[08:49] {Threei} whatcha learning?
[08:49] {esemde} thought you'd nver ask
[08:49] {esemde} how to use my new macbook pro laptop
[08:49] {Threei} ah
[08:50] {Threei} can't offer any useful advice here, just cheerleading :)
[08:51] {Onix} Good morning everyone
[08:51] {esemde} onix....
[08:51] {Threei} onix :)
[08:52] {hawkfan4} fwiw Doug Kass says he is "All In"
[08:52] {Threei} as in?
[08:52] {esemde} whats this new laser download vad...mags???
[08:52] {hawkfan4} all in long
[08:52] {cosmo} in for good
[08:52] {Threei} brave man
[08:52] {esemde} whos doug kass hawk
[08:52] {Threei} just some changes in routing, ese
[08:52] {Threei} added a lot of features
[08:53] {esemde} gotcha
[08:53] {hawkfan4} fund manager, on Real Money and always on CNBC. He's been really good this year so far
[08:53] {esemde} on a crappy year......good
[08:53] {Threei} well... he bets on package passage and on market's faith in package effectiveness
[08:54] {Threei} or, he is in for a very long haul and believes that if he sits out initial losses, market will turn bullish soon enough
[08:54] {Threei} and if this is his case, I agree
[08:55] {Threei} IMO, this is exactly what is going to happen
[08:55] {hawkfan4} that's the problem with his calls, is he's willing to sit thru some initial big pain
[08:55] {Threei} the only change I would make if I were in this kind of postion:
[08:55] {Threei} I wouldn't be ALL in
[08:55] {Threei} I would take apartyial p;osition
[08:56] {Threei} and build it up to full in on drops
[08:56] {Threei} decreasing initial pain, getting better cost basis
[08:57] {Threei} but then again... if he is doing well, who am I to argue with success
[08:57] {magoo} kass usually a perma bear
[08:57] {magoo} something to consider
[08:58] {esemde} I tend to believe the downturn isn't going to be for as long as some think.......read book called "Running Money"...Doug Kesller i think was the author....basic jist of it is that the US has a huge advantage when it comes to intellectual property
[08:58] {magoo} es..laser gndt page has laser download update..not necessary to do immediately
[08:58] {magoo} but say like after close
[08:59] {esemde} lots of mafacturing jobs going elsewhere but But the R&D side is huge down in your neck of the woods
[09:02] {esemde} which brings back to the US loads of money for investment.......evens out the trade imbalance .....so on the outside
[09:02] {esemde} where it appears the outflow of money is
[09:03] {Threei} well, USD strength recently was commented on by many, and suprizing thing surfaced:
[09:03] {Threei} there is a shortage of dollars in eurozone
[09:03] {esemde} is huge it's not the case ...with all that cash coming back in for investment
[09:03] {Threei} who would havwe thought?
[09:04] {Threei} WHITE HOUSE: STRONGLY SUPPORT THE FINANCIAL RESCUE PACKAGE, URGES HOUSE TO PASS THE BILL SWIFTLY
[09:04] {esemde} was a very interesting book......one of the few I've read since coming to this board
[09:04] {Threei} we are bad influence...
[09:04] {Threei} people stop reading... shaving will be next to go
[09:05] {esemde} was not really about trading just some simple economics
[09:08] {dino} gm all, mga interesting
[09:08] {GeoArb} gm all
[09:09] {esemde} yep shaving is the next to go......I shave every 2 days now.......
[09:10] {esemde} shaving degradation.........hmmmm......reality trader board....hmmmmmm....yup...vad is a bad influence
[09:10] {peterg} morning all
[09:10] {esemde} Geo:)
[09:10] {Threei} dino, geo, peter :)
[09:10] {esemde} peter:)
[09:11] {peterg} ese 1
[09:11] {peterg} !
[09:11] {peterg} shaving wakes you up
[09:11] {dino} 10365 was bottom monday and low for years, that is the magic number, imo. we are only 130pts away
[09:11] {peterg} also ese: I followed your thought and used boot camp and can get laser to work
[09:11] {Threei} and gives you a chance to see new faces... in the mirror
[09:11] {esemde} especially the way vad does it with a machetie
[09:11] {Threei} which is a sign of memory faading
[09:12] {fernp} Good morning all
[09:12] {esemde} fern...
[09:12] {Threei} fern :)
[09:12] {peterg} I tested it and am now short 3M at 66.01 and cant buy to close out the sale
[09:12] {peterg} advices?
[09:13] {peterg} if down, all cool, of course
[09:13] {esemde} dino uses the blunt end of a 9 iron to shave....we all have out quirks........drumstick for me
[09:13] {hawkfan4} lol
[09:14] {dino} lol
[09:14] {dptl} good morning all
[09:14] {Threei} dp :)
[09:14] {dino} speaking of 9 irons, heading to sunset beach/myrtle beach, nc on tuesday. golf trip
[09:14] {GeoArb} nice dino
[09:15] {Onix} hi dp, peter, geo, dino :)
[09:15] {dino} thinking the break will be good
[09:15] {dino} c hurt
[09:15] {GeoArb} hey onix
[09:15] {Threei} onix :)
[09:16] {Threei} yeah, looks like markey dislikes that WB was stolen from it
[09:16] {GeoArb} hey vad, any place i can get documentation of new features on laser?
[09:16] {Threei} release notes
[09:17] {Threei} on the page where you download it
[09:17] {GeoArb} oon web? cool? missed it...
[09:17] {Threei} http://www.gndt.com/home/release.htm
[09:18] {GeoArb} thanks vad
[09:18] {Threei} sure
[09:19] {Threei} hmmm
[09:19] {Threei} C
[09:19] {Threei} REPORTEDLY HAS EXCLUSIVITY TO WACHOVIA BANKING OPERATIONS
[09:19] {Threei} {WFC WB}
[09:19] {GeoArb} anyone uses number 13? (NASDAQ cross alerts)
[09:22] {peterg} ese, I got laser to work on windows within mac using bootcamp.
[09:22] {peterg} did not work wi. parallels.
[09:22] {peterg} tks for idea
[09:23] {peterg} now i can trade on vacation!
[09:23] {Threei} watchng NCC for possible hard pullback for long entry
[09:23] {Threei} now, why would you want to trade on vacation...
[09:24] {peterg} stimulation;
[09:24] {peterg} not really a beach guy, though wife loves it
[09:24] {GeoArb} laptop on beach
[09:24] {peterg} something like that
[09:24] {GeoArb} yo dont need a mac you need a panasonic toughbook
[09:24] {peterg} have to make morre $
[09:24] {peterg} have to earn it
[09:25] {peterg} good idea
[09:25] {peterg} does laser work on windows 95?
[09:25] {peterg} have laptop with that
[09:26] {cosmo} peter... i'd get my wife a metal detector
[09:26] {peterg} rofl
[09:26] {cosmo} :)
[09:32] {Threei} 4 break NCC... risky as hell
[09:33] {Threei} take scalp here if you went for it
[09:33] {GeoArb} done
[09:33] {GeoArb} nice !
[09:34] {Threei} let's wait for pullback
[09:34] {GeoArb} out all .17
[09:34] {Threei} big lot?
[09:34] {GeoArb} half
[09:34] {GeoArb} i saw the word risky somewhere
[09:34] {Threei} :)
[09:34] {GeoArb} in .03 out .017
[09:35] {GeoArb} was late
[09:36] {Threei} here comes sharp pullback
[09:37] {Threei} ABK
[09:37] {Threei} worth try near 3.40
[09:37] {Threei} stop under .30
[09:38] {Threei} WHITE ECON ADVISOR LAZEAR: WHITE HOUSE 'FULLY BEHIND' $700B PACKAGE, A POOR STIMULUS SHOULD NOT BE FOCUS- CNBC COMMENTS
[09:38] {dino} eqix sm l .31
[09:39] {Threei} WHITE HOUSE ECONOMIC ADVISOR LAZEAR: NEED TO PASS THE $700B RESCUE BILL TO GET CREDIT MARKETS MOVING AGIAN; A 2ND STIMULUS IS NOT NEEDED
[09:40] {Threei} RUSSIAN EXCHANGE HALTED ONCE AGAIN, WILL NOT REOPEN FOR DURATION OF FRIDAY TRADE - RUSSIAN MEDIA
[09:40] {Threei} {RSX }
[09:40] {Threei} was down 6 or 7%
[09:40] {dino} mga sm l .15 risky
[09:41] {GeoArb} now thats funny based on what russians said http://www.nytimes.com/2008/10/03/world/europe/03russia.html?ref=world
[09:42] {Threei} AAPL
[09:42] {Threei} STEVE JOBS MAY BE HAVING HEALTH RELATED ISSUES - SILICON VALLEY INSIDER CITING BLOG REPORT
[09:42] {Threei} ABK, take scalp here
[09:43] {GeoArb} missed
[09:43] {GeoArb} had jumped back to 50s
[09:45] {Threei} mags... shorted AAPL?
[09:45] {Threei} SILICON VALLEY INSIDER CITING BLOG REPORT
[09:45] {Threei} - Note Confirmation is still pending, we have calls are out to the company.
[09:47] {magoo} missed vad
[09:47] {Threei} if this turns out to be a rumor AAPL will be worth a few points bounce
[09:47] {magoo} bouncer tho
[09:48] {dino} aapl
[09:48] {GeoArb} wow
[09:48] {magoo} whats the runor?
[09:48] {Threei} sh*t... why did I cover so soon :)
[09:48] {GeoArb} 10 mins 10 bucks almost
[09:48] {Threei} STEVE JOBS MAY BE HAVING HEALTH RELATED ISSUES - SILICON VALLEY INSIDER CITING BLOG REPORT
[09:48] {Threei} - Note Confirmation is still pending, we have calls are out to the company.
[09:48] {Threei} - The blog notes that Steve jobs was suffering various chest pains and moved to the hospital, although the original source is choosing to stay anonymous, however the writer is stated as Henry Blodget -} http://www.alleyinsider.com/2008/10/apple-s-steve-jobs-rushed-to-er-after-heart-attack-says-cnn-citizen-journalist
[09:49] {Threei} mama mia
[09:49] {magoo} my god..whole mkt tanks
[09:49] {dino} 97.50 v sm aapl l
[09:49] {dino} wide risky
[09:50] {GeoArb} nice dino
[09:50] {esemde} long SCHW .42
[09:50] {Threei} RIMM ramping up
[09:50] {esemde} 1/2
[09:51] {dino} mga stopped in aapl chaos-.40
[09:52] {Threei} no denial, no confirmation
[09:53] {dino} out aapl 102.70, +5.20
[09:53] {patience} ok dino, party time
[09:53] {esemde} out SCHW.74
[09:53] {Threei} REPORTS OF JOBS BEING HOSPITALIZED NOT TRUE
[09:53] {esemde} + .32
[09:54] {esemde} whoa...still going
[09:54] {dino} ty patience
[09:55] {esemde} 5 beans on appl.....nice one dino
[09:55] {Threei} now... shouldn't this guy be investigated and jailed?
[09:55] {esemde} definately!!!!
[09:55] {GeoArb} depends on lot size
[09:55] {Threei} rofl
[09:55] {dino} lucky es
[09:55] {esemde} you always say luck......
[09:56] {dino} me too i guess as a mean speculator
[09:56] {GeoArb} louis pasteur
[09:56] {GeoArb} luck favors the prepared
[09:56] {GeoArb} or something like that
[09:56] {dino} es, the way i trade luck is a big part. remember profits are luck, losses are skill
[09:57] {GeoArb} hmmmmm deep
[09:57] {GeoArb} so more skillfull smaller losses i guess
[09:57] {dino} chinese: fortune favors the bold, darkness lies an inch ahead
[09:57] {esemde} hmmmmmmmm me as welll geo
[09:57] {esemde} man thats deeper than a snakes belly in a wagon rut....
[09:57] {GeoArb} catching falling knives takes cojones though
[09:58] {esemde} rolf
[09:58] {esemde} sorry thats rofl
[09:58] {GeoArb} confucious says:
[09:58] {esemde} oh no here it comes
[09:58] {GeoArb} picking bottom leads to stinky fingers.
[09:59] {dino} size accordingly, thats all
[09:59] {GeoArb} :)
[10:00] {dino} now eqix, my old friend, start spiking
[10:00] {GeoArb} comments on wft vad?
[10:00] {Threei} OK{ now that AAPL is crealred, we are back to our usual programming... bailout or no bailout
[10:01] {GeoArb} late
[10:01] {Threei} WFT chart is nice but long on energy stock...
[10:01] {dino} its' a "yea"
[10:02] {Threei} dunno
[10:02] {Threei} I'd stay away from those
[10:02] {GeoArb} ok
[10:02] {Threei} you think dino?
[10:02] {GeoArb} something pushing it
[10:02] {GeoArb} cant see news
[10:03] {Threei} US REP. SOLIS (D): I AM DOING THE RIGHT THING AND CHANGING MY VOTE TO YES FROM NO,
[10:04] {GeoArb} i stayed away vad... but you gotta look
[10:05] {Threei} ?
[10:05] {GeoArb} well not anymore
[10:06] {dino} molx sm s .25,m stop hod
[10:07] {Threei} FDIC NOTES IT STANDS BEHIND THE PREVIOUSLY ANNOUCED DEAL FOR WB FROM CITIBANK, BUT ALSO SAYS BOTH DEALS WOULD SUPPORT CREDITORS
[10:07] {Threei} - FDIC will be reviewing all proposals in pursuing a resolution of Wachovia.{C WFC}
[10:08] {Threei} US HOUSE BEGINS PROCEDURAL VOTE ON BAILOUT BILL
[10:09] {dino} out eqix slipped, .98, +.67
[10:10] {dino} molx bstop to b/e too much noise from govt
[10:11] {Onix} your patience is amazing dino!
[10:11] {Threei} hmmm
[10:11] {Threei} qhy is AAPL selling again
[10:11] {Threei} people want to see Jobs?
[10:12] {dino} ?? onix
[10:13] {Onix} to stay so long in a trade, dino
[10:13] {GeoArb} wow aapl was about 180 in AUG
[10:13] {dino} molx cov. +.054
[10:13] {GeoArb} betch lot od 401k holders pissed
[10:14] {Threei} US MINORITY LEADER BOEHNER:BILL 'BETTER' THAN WEEK AGO, NOT 'PERFECT'
[10:14] {dino} throw a \hard stop in onix, let it trade
[10:15] {dino} c going for monday lows?
[10:15] {dino} that should pop on vote
[10:15] {Threei} US HOUSE WHIP BLUNT: CALLS COMING TO CONGRESS ARE COMING IN EVENLY IN SUPPORT AND AGAINST BILL V MAJORITY AGAINST PREVIOUSLY
[10:16] {Threei} if public support evens out, that will pass
[10:16] {Threei} WB halted
[10:17] {GeoArb} didnt wells fargo buy wachovia incorporated?
[10:17] {Threei} yes but there is some unclear part about C deal
[10:18] {Threei} 09:18am [C] Reportedly Citi believes it has exclusivity to Wachovia banking operations - Fox Business
[10:18] {GeoArb} As far as Citigroup is aware, its agreement with Wachovia is still in place, said a person familiar with Citigroup's position. Regulators will review the Wells Fargo bid ``to achieve an outcome that protects all Wachovia creditors, including depositors, insured and uninsured, and promotes market stability,'' according to a statement from the Federal Reserve.
[10:18] {Threei} C spiking
[10:18] {GeoArb} bloomberg
[10:19] {magoo} should halt c
[10:20] {Threei} and WFC while on it
[10:20] {Threei} I mean, let's get on with hatling business and halt everything we can think of
[10:21] {Threei} CITIGROUP CONFIRMS: NOTES WFC DEAL BREACHES EXCLUSIVITY
[10:21] {Threei} {WFC C}
[10:23] {Threei} 20 break C half lot
[10:23] {dino} amzn strange
[10:24] {Threei} stop under .80
[10:25] {Threei} doesn't want to go
[10:25] {dino} waiting at 19.50
[10:26] {Onix} stopped C
[10:26] {Threei} WFC
[10:26] {Threei} CHAIRMAN: CONFIDENT THAT THE CITIGROUP DEAL WITH WACHOVIA WAS NOT FINALIZED
[10:26] {Threei} {WB C}
[10:26] {Threei} ahhh... war of headlines started
[10:27] {Threei} scratching C here
[10:27] {Threei} out + 4 cents
[10:27] {GeoArb} 3 here
[10:27] {cosmo} House Bill gonna pass
[10:27] {Threei} beat ya
[10:27] {cosmo} i think
[10:27] {GeoArb} there is a erason you run the room and not me :)
[10:28] {Threei} lol
[10:28] {GeoArb} ah crap
[10:28] {dino} amzn sm l .25
[10:28] {GeoArb} anyone?
[10:29] {Threei} oh well
[10:30] {Threei} common sense saays, it's a yea
[10:30] {Threei} they said they wouldn't bring package to vote if they didn't have enough
[10:30] {Threei} but sheesh
[10:30] {Threei} stranger thinggs happened lately
[10:30] {Threei} ABK spike
[10:31] {Threei} well...
[10:31] {Threei} all 5 cents of it
[10:35] {dino} amzn stop to .65
[10:36] {Threei} seems ABK is in better position to benefit from bill passage
[10:36] {Threei} than NCC
[10:36] {Threei} not sure why
[10:36] {GeoArb} Friday, October 03, 2008 7:33:58 AM
[10:36] {GeoArb} Reportedly US House clears procedural vote (235-190), can move ahead on the rescue bill vote later today
[10:36] {dino} stopped +.40
[10:36] {dino} amzn
[10:37] {dino} cetv ouch
[10:38] {Threei} WB opened
[10:39] {Threei} AIG is another one to benefit
[10:39] {Threei} CITIGROUP MAY 'SWEETEN' OFFER FOR WACHOVIA INSTEAD OF LAWSUIT AGAINST WFC - WSJ
[10:39] {Threei} {C WFC}
[10:40] {dino} v sm, v risky, v wide cetv l .01
[10:40] {GeoArb} so dino if I may.... whats v sm for you?
[10:41] {dino} 200 on cetv
[10:41] {dino} aapl was only 100
[10:41] {GeoArb} TY
[10:41] {dino} sm=300, nothing 500
[10:41] {GeoArb} ok
[10:41] {GeoArb} is magoo on vacation?
[10:41] {dino} i am the turtle as magoo says, slow and steady
[10:42] {dino} he's here
[10:42] {GeoArb} and howcome everyone ignoring laserdave
[10:42] {Threei} sharp pullback ABK
[10:44] {dino} crmt
[10:51] {hawkfan4} watching abk too vad, closer to 3.60?
[10:52] {Threei} probably
[10:52] {Threei} and AIG
[10:52] {Threei} ABK doesn't want to pull back that far...
[10:53] {hawkfan4} nope
[10:53] {hawkfan4} you thinking break or pullback aig?
[10:53] {Threei} THE US FINANCIAL RESCUE BILL NOW HAS 12 VOTES THAT WERE NO CHANGED TO YES
[10:53] {Threei} whichever comes first
[10:54] {hawkfan4} gotcha, thanks :)
[10:54] {Threei} - Reminder on Monday the plan did fail by 12 votes
[10:58] {Threei} NCC dosn't seem to show much enthusiasm
[11:00] {dino} cedtv stopped -.60
[11:00] {dino} will come back to that one
[11:05] {dino} ok, have to meet gas company, back in hour or so
[11:05] {fernp} bye dino
[11:10] {Threei} time to start partialling AIG
[11:10] {Threei} 20 cents
[11:10] {hawkfan4} nice one vad, thx :)
[11:10] {Chaeron} good morning all
[11:11] {GeoArb} hey chaeron
[11:11] {Threei} chaeron :)
[11:12] {Threei} want to wait for pullback on AIG now for re-entry
[11:13] {Threei} and offer the balance somewhere above 5
[11:13] {Threei} no exact price, depending on how it spikes
[11:13] {Threei} NCC is not participating
[11:14] {Threei} WB
[11:14] {Threei} CEO: AGREEMENT WITH CITIGIROUP IS NOT BINDING, 'CONTROVERSY WILL BE ADDRESSED' - WSJ
[11:14] {Threei} {C WFC LPS}
[11:16] {Threei} somewhere around 4.70 probably AIG
[11:21] {Threei} finally pullback ABK
[11:21] {Threei} took .90
[11:22] {Threei} stop under .80
[11:22] {GeoArb} took 90?
[11:22] {magoo} full?
[11:22] {Threei} yeah, stop is tight enough
[11:23] {GeoArb} i am confused
[11:23] {GeoArb} break of 90?
[11:23] {Threei} bought .90
[11:23] {magoo} fell into .90..a bouncer
[11:23] {GeoArb} on the way down?
[11:23] {Threei} right when I posted it
[11:24] {magoo} not many fall upward
[11:24] {GeoArb} sheesh
[11:24] {Threei} not sure what cofuses you :)
[11:24] {cosmo} the universe falls up
[11:24] {magoo} really?
[11:24] {GeoArb} ahhhhhhh
[11:24] {Threei} mags don't forget, cosmo doesn't believe in gravity
[11:25] {cosmo} away from itself
[11:25] {GeoArb} you dont wanna know what i did
[11:25] {cosmo} into every direction
[11:25] {cosmo} ....but i digress
[11:25] {GeoArb} was staring at AIG
[11:25] {Threei} ohh
[11:26] {Threei} AIG I suggested closer to .70
[11:26] {Threei} hit .74
[11:26] {Threei} wasn't very clear there
[11:26] {Chaeron} I was waiting at .73.........
[11:26] {GeoArb} it hit 73 you filled chaer?
[11:26] {Chaeron} no
[11:26] {GeoArb} k
[11:27] {Chaeron} but I got ABK at .91
[11:27] {Threei} almost no trades at .73
[11:27] {Threei} just touched it and immediately bounced
[11:27] {Threei} still have original half lot from .70 break
[11:27] {Threei} wanted to add back half I sold at .90
[11:29] {GeoArb} quick Q
[11:29] {GeoArb} shaving prices doesnt work anymore right
[11:29] {Threei} SWEDEN'S RIKSBANK: SWEDEN'S PAYMENT SYSTEM DID NOT FAIL YESTERDAY
[11:29] {Threei} was it supposed to?
[11:29] {GeoArb} its distracting..... ill adjust the keys
[11:29] {Threei} why not?
[11:30] {GeoArb} the 4.7699 stuff
[11:30] {Threei} what happened to shaving?
[11:30] {magoo} boy..this mini rally makes the approach to mkt post bill approval difficult
[11:30] {magoo} could just sell the news
[11:30] {GeoArb} doesnt give priority to .77
[11:30] {magoo} on other hand..IF IF bill fails....crash
[11:30] {Threei} I didn't track these developments... was it posted scomewhere?
[11:31] {hawkfan4} NCC doing it's thing
[11:32] {Threei} AIG too
[11:33] {Threei} grabbed .65
[11:33] {Threei} astop under .60 for full lot
[11:34] {Threei} absence of shorts to soften pullbacks makes these drops truly frightening
[11:36] {hawkfan4} for real. And if there were shorts, NCC would probably have opened much higher
[11:36] {Threei} what can I say... market is being regulated by idiots
[11:36] {GeoArb} I heard a great quote yesterday
[11:37] {GeoArb} the US system was designed by geniuses so that it could be goverend by idiots
[11:37] {Threei} and so they do
[11:37] {Threei} WHITE HOUSE SAYS PRESIDENT BUSH IS SCHEDULED TO SPEAK FOLLOWING THE HOUSE VOTE ON THE FINANCIAL RESCUE PACKAGE
[11:43] {Threei} hmmm... I might have to leave for a few weeks it seems... some poor gal in Nigeria, daughter of late big oil magnate, requires my urgent assistance in obtaning significant amount of money...
[11:43] {GeoArb} leave for marriage?
[11:43] {Threei} oh, just to assist
[11:43] {Threei} out of kindness of my heart
[11:43] {GeoArb} yeah right vad
[11:43] {GeoArb} humanitarian
[11:43] {Threei} out half AIG .79
[11:44] {GeoArb} TY vad gotta go
[11:44] {Threei} you took it?
[11:46] {Threei} TALLY OF HOUSE REPRESENTATIVES NOW EXPECTED TO SWITCH THEIR VOTES TO 'YES' ON THE RESCUE PLAN HAS REPORTEDLY RISEN TO 20
[11:47] {Threei} lol, market loses sensitivity to this constant barrage of headlines
[11:48] {magoo} so..whats your thoughtys after passage on mkt for the day lord vader??
[11:49] {Threei} seems like selloff in cards... with or without initial short-lived spike
[11:50] {magoo} espec if holds highs
[11:53] {Threei} FRE
[11:53] {Threei} DROPS PLANS TO INCREASE MORTGAGE FEES
[11:54] {magoo} house vote just minutes away cnbc
[11:54] {magoo} could get dicey
[11:55] {magoo} im gonnas take 1000 sh cme short just in case {he he}
[11:55] {Threei} eeck
[11:55] {magoo} not avail
[11:55] {Threei} if no passage, buy all QID you can afford
[11:56] {Threei} sell farm wife and kids and buy more
[11:56] {magoo} vad, really?because it will be fast so is that your plan...?
[11:56] {Threei} unless it moves too far before I manage to click
[11:57] {Threei} CITIGROUP SAYS OCT 6 WAS THE EXCLUSIVITY TERMINATION DATE IN THEIR DEAL WITH WACHOVIA
[12:10] {Threei} bill passage is now all but sure, yet market doesn't really running
[12:10] {Threei} makes you think...
[12:10] {dino} back
[12:10] {cosmo} never think
[12:10] {patience} of what vad
[12:11] {Threei} that dump may be an outcome in any case
[12:17] {dino} watching cetv again
[12:22] {Threei} and we are dropping why?
[12:22] {cosmo} Ron Paul making sense on the floor...
[12:22] {Threei} HOUSE DEBATE CONTINUES, A VOTE IS EXPECTED WITHIN THE HOUR, MORE THAN 20 "NO" VOTES HAVE REPORTEDLY SWITCHED TO "YES"
[12:22] {Threei} so what
[12:23] {Threei} do they think he is going to convince them to vote no?
[12:23] {dino} vocs, qsii drops
[12:24] {Threei} he is making too much sense, no one wants to listen to that
[12:24] {cosmo} not right now anyway
[12:25] {Threei} who ever in history wanted to hear truth
[12:25] {cosmo} me
[12:25] {Threei} ummm
[12:25] {Threei} I'll rephrase
[12:25] {Threei} what collective entity ever in history wanted to hear truth
[12:26] {cosmo} the gnostics?
[12:26] {Threei} lol
[12:27] {dino} hmm, the police on radio, haven't heard them in awhile
[12:28] {cosmo} "too much information"?
[12:28] {dino} geo, give me a read on cetv
[12:28] {dino} magoo left, i'm bored
[12:28] {Threei} left??
[12:28] {Threei} just befofe the vote?
[12:29] {patience} beer run
[12:29] {cosmo} xanax
[12:29] {dino} accountant called
[12:30] {hawkfan4} The Police made 115 million last year
[12:30] {dino} probably more than when they were live
[12:30] {cosmo} royalties?
[12:31] {hawkfan4} no, touring, playing their oldies
[12:31] {cosmo} w/sting?
[12:31] {dino} wow
[12:31] {hawkfan4} yep: http://www.forbes.com/lists/2008/53/celebrities08_The-Police_WPMT.html
[12:32] {hawkfan4} I think Vad was #7
[12:33] {dino} it's his mutant 3rd eye
[12:33] {hawkfan4} everyone should have one
[12:33] {dino} must have been picked on as a kid
[12:33] {Threei} HOUSE DEBATE CONTINUES ON FINANCIAL RESCUE BILL, A VOTE ON THE MEASURE IS EXPECTED WITHIN THE HOUR, REPORTEDLY MORE THAN 20 "NO" VOTES HAVE REPORTEDLY SWITCHED TO "YES"
[12:33] {Threei} - some reports suggest a handful Democrats who backed the bill Monday will switch their votes to "No," but it appears the bill is on track to pass.
[12:34] {dino} cspan said vote 12:45
[12:34] {Threei} wow
[12:34] {Threei} watch this:
[12:34] {Threei} http://www.foxnews.com/video2/video08.html?maven_referralObject=3129030&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/
[12:34] {Threei} this is something
[12:40] {dino} schs
[12:41] {cosmo} cortisol deficiency on FOX
[12:41] {Threei} I am half out ABK here
[12:41] {Threei} gotta have some insurance
[12:41] {cosmo} video that is
[12:41] {Threei} you Chaeron?
[12:41] {patience} fox is not good for my blood pressure
[12:42] {Threei} this was a bit too much even for O'Reilly
[12:42] {Threei} but heck
[12:42] {Threei} isn't he right
[12:42] {hawkfan4} wow, that's intense
[12:44] {Threei} market likes Hoyer
[12:45] {Threei} US SEEN MOVING FORWARD WITH $6B ARMS SALE TO TAIWAN - FT
[12:45] {Threei} - Note prior reports in recent months indicated that the US was putting arms sales to Taiwan on hold
[12:45] {hawkfan4} http://www.youtube.com/watch?v=O_HyZ5aW76c&feature=related more Orreilly
[12:45] {cosmo} maybe bill's a 'molly mcguire'
[12:46] {Threei} thanks hawk but I had all of him I can handle in one day
[12:46] {hawkfan4} lol, i think you might like it
[12:49] {Threei} lol
[12:49] {Threei} I did
[12:49] {hawkfan4} :)
[12:55] {magoo} back
[12:56] {Threei} ABK honestly trying
[12:57] {Threei} oh and magoo
06[12:57] * Threei slaps magoo around a bit with a large trout
[12:58] {Threei} out second half .24
[12:58] {magoo} thank u :)
06[12:58] * magoo slaps Chaeron around a bit with a large trout
[12:58] {Threei} welcome sir
[12:58] {Threei} chaeron... you here??
[13:02] {dino} vsm v risky, l cetv .38
[13:03] {Threei} one more bailout mover: SOV
[13:04] {Threei} CALIFORNIA STATE TREASURER CONFIRMS EARLIER REPORTS THAT GOV SCHWARTZENAGGER HAS REQUESTED UP TO $7B IN LOANS FROM THE US TREASURY
[13:05] {dino} 0 for 2 on cetv done w/it
[13:08] {dino} vote
[13:08] {Threei} HOUSE VOTE BEGINS ON FINANCIAL RESCUE BILL
[13:09] {dino} l c sm .50\
[13:10] {Threei} 85/34
[13:10] {Threei} 91/35
[13:10] {dino} what do they need? 120?
[13:11] {dino} 220
[13:11] {dino} ?
[13:11] {cosmo} 800B
[13:11] {dino} lol
[13:11] {Threei} lol
[13:11] {Threei} and a lot of wooden arrow ends
[13:12] {Threei} 100/38
[13:12] {magoo} we in anything
[13:13] {Threei} no
[13:13] {Threei} qwow ABK
[13:14] {Threei} took half .94
[13:17] {Threei} out
[13:17] {Threei} + lousy 13 cents
[13:17] {magoo} easy tho
[13:18] {Threei} argh
[13:18] {Threei} missed SOV pullback
[13:19] {patience} a toughie to be a hedge fund manager whose mandate is to be fully invested at all times
[13:19] {Threei} yikes... scary thought
[13:19] {patience} watched interview yesterday with guy in this position
[13:21] {Threei} 1 min left
[13:22] {Threei} 202/118
[13:22] {cosmo} slam dunk
[13:22] {Threei} US HOUSE RESCUE BILL GAINS ENOUGH VOTES TO PASS
[13:22] {Threei} - bill has reached the 218 vote threshold necessary for passage{TLT GLD USO EUR/USD USD/JPY GBP/USD}
[13:23] {dino} selling off
[13:23] {dino} -100 pts
[13:24] {Threei} [12:10] {Threei} bill passage is now all but sure, yet market doesn't really running
[13:24] {Threei} [12:10] {Threei} makes you think...
[13:24] {Threei} [12:11] {Threei} that dump may be an outcome in any case
[13:29] {Threei} everuone stayed clear of longs?
[13:29] {magoo} yep..i shorted lil goog
[13:29] {hawkfan4} yes sir
[13:29] {magoo} out
[13:30] {magoo} u and i been discusing this for 2 days
[13:30] {Threei} :)
[13:30] {magoo} u looking for bouncers
[13:30] {Threei} not really
[13:30] {Threei} rather for QID pullback
[13:31] {Threei} scalped it twice but didn't really want to call it
[13:31] {Threei} too hectic, risk is huge
[13:31] {magoo} if fed does surprise rate cut here
[13:31] {magoo} could kill short
[13:32] {GeoArb} hi back... are we in any positions?
[13:33] {Threei} nope, closed them before bill vote
[13:33] {dino} =200
[13:33] {GeoArb} cool...
[13:33] {Threei} mama mia
[13:34] {dino} keep in mind wecwere -380 or so yesterday
[13:34] {dino} we were
[13:34] {Threei} ok, watching AIG now for bounce scalp
[13:34] {dino} 10365 area
[13:35] {Threei} in, stop under 4
[13:36] {Threei} out 4.30
[13:36] {Threei} easy 22 cents
[13:36] {Threei} anyone?
[13:37] {Threei} you guys are too lazy
[13:37] {magoo} to fast
[13:37] {Threei} easy money
[13:37] {patience} nope, just know when my skillset doesn't match market conditions
[13:37] {magoo} was watching
[13:37] {GeoArb} still pulling up laser at work :(
[13:37] {magoo} u in out before i could react
[13:40] {Threei} ugh... sold too soon
[13:41] {dino} eqix sm l .30
[13:41] {GeoArb} serves ya right vad
[13:41] {GeoArb} driving off without us
[13:42] {Threei} want me to push your entry buttons for ya?
[13:42] {GeoArb} i would love that
[13:42] {GeoArb} better yet just connect the accounts
[13:42] {GeoArb} not even a puny red herring..... forget a trout
[13:44] {dino} eqix stopped
[13:44] {Threei} isn't it ironic,
[13:45] {Threei} these guys congratulate each other on TV
[13:45] {Threei} while market pukage exceeds all sane limits
[13:46] {Threei} put CNN on, look at them and look at the market
[13:46] {Threei} this is a whole separate shows
[13:46] {Threei} show
[13:46] {magoo} i know..they talking about a rally
[13:47] {hawkfan4} AAPL 90's
[13:47] {magoo} vad quote server please
[13:47] {Threei} 4
[13:47] {magoo} ty my good man
[13:48] {Threei} just imagine wat happened today to those who have no idea about major idea of tape reading that alerted us about possibility of selloff
[13:48] {Threei} and went with obvious "bill passes, go long"
[13:49] {patience} but who wants to go long over the weekend....
[13:50] {Threei} but we are rescued
[13:50] {Threei} aren't we?
[13:50] {magoo} just hit cme l 100 sh 373
[13:50] {Threei} FED'S BERNANKE: THE FED WILL USE ALL THE POWERS AT HIS DISPOSAL TO SOLVE THE CREDIT CRISIS, PRAISES CONGRESS'S MOVE TO PASS THE FINANCIAL RESCUE PACKAGE
[13:51] {magoo} too risky to alert
[13:51] {Threei} CME is too risky to even watch
[13:51] {magoo} out 378.21
[13:51] {Threei} thank you for sparing us
[13:51] {Threei} and wtg
[13:51] {hawkfan4} sweet mags
[13:51] {magoo} + 5
[13:51] {magoo} somethin
[13:52] {magoo} u cvan audit to see if i tellin truth vad...but will cost u beer money if I true
[13:53] {Threei} gosh... why would I want to do that
[13:53] {magoo} but i can;t saccrifice someone in room with that
[13:53] {magoo} because u re down right mean
[13:53] {Threei} I am not in business of validating members' statements :)
[13:53] {magoo} sheesh...funnin whicha
[13:54] {magoo} [13:53] {magoo} because u re down right mean
[13:54] {Threei} who's mean? I'm mean???
[13:54] {Threei} wait...
[13:54] {Threei} I am mean...
[13:54] {hawkfan4} lol
[13:54] {magoo} thats what im trying to say
[13:54] {Threei} lol
[13:54] {Threei} AIG
[13:54] {Threei} CEO: THERE MAY NOT BE ANY BUYER FOR THE FIRM'S MORTGAGE INSURANCE UNIT
[13:54] {Threei} {ABK MBI}
[13:56] {Threei} ok... starts to feel like we are to go up from here
[13:56] {hawkfan4} ABK held better than the other little finnies
[13:57] {Threei} true
[13:57] {Threei} I'd perefer something outside of finnies world though
[13:57] {Threei} RIMM
[13:57] {Threei} AAPL
[13:57] {Threei} this kind of stuff
[13:58] {magoo} yup/
[13:58] {Threei} TREASURY SEC PAULSON: PASSAGE OF THE FINANCIAL RESCUE PACKAGE IS CRITICAL FOR SAVING US JOBS
[13:58] {magoo} well it was correct so
[13:58] {Threei} 64 break
[14:01] {Threei} a l,ot of volatility still
[14:03] {Threei} Bush on TV
[14:04] {Threei} never good for a market
[14:04] {hawkfan4} was just gonna say that the market truly hates Bush, probably pop right when he's done
[14:07] {Threei} OK... downside ought to be done for the day
[14:08] {Threei} I don't think we will see new low
[14:08] {Threei} well, unless someone opens their big mouth and demands new vote, lol
[14:09] {Threei} TREASURY OFFICIAL: FIRST AUCTION UNDER THE RESCUE PLAN WILL LIKELY NOT BEGIN FOR AT LEAST 4 WEEKS
[14:09] {Threei} - Treasury to hire between 5 and 10 asset management firms to help carry out the plan{TLT GLD SPY EUR/USD}
[14:09] {dino} they called magoo
[14:10] {Threei} cool
[14:10] {Threei} mags... I have a lot of stuff to sell to Fed
[14:10] {Threei} old kids toys
[14:10] {Threei} some are even wooden
[14:10] {Threei} not arrows mind you but still
[14:11] {Threei} C
[14:11] {Threei} bounbce time me thinks
[14:12] {Threei} .35 long
[14:12] {Threei} if stays above .25
[14:14] {Threei} anyone found RIMM entry, take half here
[14:14] {Threei} C over 1:1
[14:15] {dptl} ty c +.11
[14:15] {Threei} )
[14:18] {Threei} back in RIMM
[14:18] {Threei} IMO, pullbacks are to be bought from now on
[14:18] {Threei} CONGRESSMAN FRANK: HOPE THE TREASURY CAN BEGIN BUYING DISTRESSED ASSETS WITHIN A FEW WEEKS
[14:21] {Threei} too early probabaly... keeoing stop under .80
[14:22] {Threei} okay okay, I got it RIMM
[14:25] {dino} wow, did not expect that fill, v sm l aapl .50
[14:27] {Threei} what again?
[14:27] {Threei} back in RIMM
[14:27] {Threei} stop under .30
[14:29] {dino} re-test of yesterdays lod dji
[14:30] {dino} and ndx
[14:30] {Threei} half out RIMM +.40
[14:31] {Threei} second half no worky, out -.15
[14:32] {Threei} something else is happening behind the curtain
[14:32] {Threei} market no likey whatever it is
[14:32] {dino} 59 pts to go dji
[14:33] {dino} things are bad, maket realizes it
[14:33] {Threei} WARREN BUFFETT: THE FINANCIAL RESCUE PACKAGE IS NOT A PANACEA - CNBC INTERVIEW
[14:33] {Threei} oh good
[14:34] {Threei} weren't we sold it as such?
[14:40] {Threei} wake up you guys
[14:40] {Threei} anyone sees anything trade-worthy?
[14:40] {magoo} i am
[14:40] {Threei} got any ideas?
[14:41] {hawkfan4} AIG maybe, .20
[14:41] {Threei} looks good to me if market reverses
[14:41] {Threei} actuallt, aggressive entry maybe even more intyeresting
[14:44] {Threei} closer to 4 for doluble bottom?
[14:44] {dino} thinking ddm l somewhere
[14:45] {Threei} WHITE HOUSE: PRESIDENT BUSH WILL SIGN THE FINANCIAL RESCUE BILL TODAY
[14:45] {dino} re-test area
[14:45] {Threei} market immediate downtick
[14:45] {Threei} so, looks like if credit crisis didn't kill us, this bill will?
[14:49] {dino} in dino's warped view, until the election, chaos
[14:50] {Threei} and after election order?? :)\
[14:50] {hawkfan4} and peace and love
[14:50] {dino} deadlock and gradual return to normalcy in feb/mar
[14:51] {Threei} group hugs on the street
[14:51] {hawkfan4} dogs and cats living together
[14:51] {Threei} US HOUSE PASSES THE EXTENSION OF UNEMPLOYMENT BENEFITS
[14:51] {Threei} wolves and calfs?
[14:51] {hawkfan4} that seems like a stretch
[14:52] {dino} this is what happens when shorts don't worry about covering
[14:52] {dino} you forgot, the in sin, part
[14:52] {Threei} oh
[14:52] {Threei} I always forget that
[14:53] {hawkfan4} AIG .13
[14:53] {dino} yes, you see, it is normal for cats and dogs to live in same house, the sin part is chaos
[14:54] {dino} ghost busyers
[14:54] {dino} busters
[14:54] {dino} we go up to 150
[14:57] {dino} another 400 range day give or take
[14:58] {hawkfan4} AAPL headed green
[14:59] {Threei} advantage of aggressive entry for ya, hawk :)
[14:59] {hawkfan4} definitely :)
[14:59] {Threei} it barely broke resistan ce and you already have 1:1
[15:01] {hawkfan4} also watching ABK .50 break
[15:07] {Threei} back in AIG
[15:08] {magoo} where?i chase here
[15:08] {Threei} no
[15:08] {Threei} right here
[15:08] {magoo} ok kin with ya
[15:09] {magoo} stop .98
[15:09] {magoo} ??
[15:09] {magoo} asking
[15:09] {Threei} yeah
[15:10] {magoo} lil rough on 10k sdhasres..but ok
[15:11] {laserdave1} test
[15:12] {magoo} if u believe there really is a santa..er, um..plunge protection team...today is THE day
[15:12] {magoo} fclose 'er up
06[15:13] * Threei slaps laserdave1 around a bit with a large trout
[15:13] {Threei} test this
06[15:13] * magoo slaps Threei around a bit with a large trout
06[15:13] * magoo slaps patience around a bit with a large trout
[15:14] {patience} magoosky, does that trout have a friday afternoon beer?
[15:15] {magoo} oh yeah..but i must confess..i had thurs beer, weed beer ,....
[15:15] {magoo} weed=wed
[15:15] {peterg} is suicide by trout a possibility?
[15:15] {magoo} im quitting my ytyping course...
[15:15] {magoo} not a dramatic improvement as promised
[15:16] {dino} i just offered him an ice cold vodka shot, but he refused
[15:17] {patience} move magoo, i'll take it
[15:17] {dino} some day patience
[15:17] {magoo} i hope we get to party together someday patience:)
[15:17] {patience} on a cruise ship dino..,.cruised down west coast last week
[15:17] {dino} cool, i like cruising
[15:17] {patience} someday magoo :)
[15:18] {patience} shopped myself silly in union square last week in san fran
[15:18] {patience} need to pay mastercard today, with this week's winnings
[15:18] {patience} croak
[15:18] {dino} helping the economy, huh
[15:18] {patience} sales in macey's and other stores...unlike anything i had seen before
[15:19] {peterg} what, the prices?
[15:19] {patience} yup
[15:19] {peterg} signs o the times
[15:19] {dino} my wife and daughter took the day off to go to kohls, macy's, boscov's etc. it's going to hurt
[15:20] {patience} also, went into victoria's secret, with about half a dozen sales assistants running around store getting me everything as fast as they could
[15:20] {patience} store was empty
[15:20] {dino} sweet
[15:22] {magoo} vad,forgot i had aig
[15:22] {magoo} we out?
06[15:22] * dino slaps magoo around a bit with a large trout
06[15:24] * Threei slaps magoo around a bit with a large trout
[15:24] {peterg} is it possible to suicide by trout? who will try it?
[15:24] {Threei} lol
[15:24] {Threei} yes
[15:25] {peterg} ok
[15:25] {peterg} ok ill try it.
06[15:25] * peterg slaps peterg around a bit with a large trout
[15:25] {peterg} wow
[15:25] {Threei} BUSINESS BANKRUPTCIES REPORTEDLY UP 67% IN SEPT VS YEAR AGO
[15:25] {Threei} - bankruptcy filings up 32% YTD vs 2007
[15:25] {magoo} dammit..u make$$
[15:25] {peterg} what?
[15:32] {dino} esrx blood
[15:33] {dino} sprwb
[15:33] {dino} fslr
[15:37] {magoo} i thought we'd close better truly
[15:37] {dino} fcx v sm l .75
[15:38] {Threei} I did too mags
[15:38] {magoo} its like there is no value in mkts
[15:38] {Threei} selloff after bill passage we figured right
[15:38] {Threei} but no strength whatsoever into close...
[15:39] {patience} that's because my muscles are trying to hold up the white flag
[15:41] {Threei} IMO... this bill would have had much more preeonounced positive INITIAL reaction if passed on a first try
[15:42] {Threei} market simply got too much time to get tired of it and evaluate it
[15:42] {dino} here comes dji test
[15:43] {dino} broke
[15:44] {magoo} wev are down 135
[15:44] {magoo} sigh
[15:45] {magoo} it never ends
[15:45] {Threei} there
[15:45] {Threei} magic words
[15:45] {magoo} afraid to short but it was easy money..we called it
[15:45] {Threei} when everyone says them, that's when it ends
[15:45] {dino} wow another 450 point range day
[15:46] {Threei} question
[15:46] {Threei} after house rejected bill first time, they were told
[15:47] {Threei} look what happened in the markets
[15:47] {Threei} what are they going to tell them now?
[15:47] {dino} that they just threw away 700 b
[15:47] {dino} lol
[15:49] {Threei} looking at what happened, 2 things come to mind
[15:49] {Threei} first: were we just rescued or weren't we
[15:49] {Threei} second: if we were, may we never ever be rescued again
[15:50] {dino} dji wants 10k
[15:50] {dino} few days
[15:50] {patience} you are right dino
[15:50] {Threei} few?
[15:50] {magoo} 10 minutes
[15:50] {Threei} at this rate, I don't see why it should be longer than 1
[15:51] {peterg} vampire goes into a bar
[15:52] {peterg} asks for a blood light
[15:52] {dino} lol
[15:53] {dino} hotdog goes into bar....bartender says sorry we don't serve food
[15:53] {hawkfan4} lol
[15:53] {peterg} rofl
[15:53] {Threei} you guys make me feel good
[15:53] {Threei} well... better
[15:53] {peterg} lion devours bar girl
[15:53] {Threei} about my sense of humor that is
[15:53] {peterg} bartender says, how was that barbituate?
[15:54] {dino} we missed esrx, beauty
[15:54] {dino} lol
[15:54] {patience} the jokes are good :)
[15:55] {Threei} of course they are
[15:55] {Threei} if even I can understand them
[15:56] {dptl} have a good weekend all:)
[15:56] {Threei} take care dp
[15:59] {magoo} tru-blood
[15:59] {peterg} the hbo series?
[15:59] {magoo} yep
[15:59] {Threei} REMINDER: THE SEC RECENTLY EXTENDED THE FINANCIAL STOCK SHORT SALE BAN TO 3 DAYS AFTER THE BAILOUT BILL PASSES
[15:59] {Threei} - therefore the short ban is now expected to end next Thursday morning.
[16:00] {magoo} we will see
[16:00] {peterg} nice atmospherics, little more plot twist would help
[16:00] {Threei} sometime next wweek we should get real juicy bounce
[16:00] {magoo} never vad
[16:00] {Threei} hehe
[16:00] {Threei} OK, never
[16:00] {magoo} well couldnt hold my high pof 4100
[16:01] {Threei} I am pretty happy with how we stayed away from long exposure into bill passage
[16:01] {magoo} me too
[16:01] {Threei} closed everything before the vote
[16:01] {patience} happy to hear the bell ring
[16:01] {peterg} well done team
[16:01] {Threei} how's TSX?
[16:01] {magoo} i made 3400 today
06[16:01] * Threei slaps magoo around a bit with a large trout
[16:01] {patience} oh magoo, you're buying she says
06[16:01] * Threei slaps magoo around a bit with a large trout
[16:01] {magoo} high was 4100
[16:01] {magoo} pissed
[16:01] {magoo} ask dino too..i am
[16:02] {magoo} BEER DINO
[16:02] {peterg} dortmunder uniion for me pls
[16:02] {dino} -13% dji in week, -18% ndx
[16:02] {Threei} maybe should have been more agressive on a short side
[16:02] {Threei} but heck
[16:02] {Threei} it was anything but easy decision
[16:02] {magoo} nah..its so nasty swings
[16:02] {Threei} Ok guiys, thank you all,
[16:03] {Threei} this was historic week
[16:03] {magoo} crap..im only flippin 200 shghares and made that
[16:03] {magoo} nuts
[16:03] {Threei} stuff to tell grandkids about
[16:03] {peterg} thks & gdnight
[16:03] {dino} 486 pt dji range or 4.5% in a day. this is wild
[16:03] {magoo} ty vad..u in monday
[16:03] {dino} used to take two weeks to move like that
[16:03] {peterg} remember the day of 777!!
[16:03] {Threei} "grandfather, where have you been on the day of Great 700B Waste"?
[16:03] {peterg} probably next is 666
[16:04] {peterg} trying to make a buck
[16:04] {Threei} have a great weekend, see you on Monday
[16:05] {dino} feels like 10,000 coming,
[16:05] {patience} municipal government bonds defaulting coming
[16:06] {magoo} dcc laser
[16:07] {dino} i'm grabbing a beer, mentally exhausted

Wednesday, October 1, 2008

Oct 01 2008

Session Time: Wed Oct 01 00:00:00 2008

[08:21] {magoo> morn
[08:22] {Threei> Good moring
[08:23] {magoo> lord vader
[08:25] {magoo> vad, thoughts for today? i know its early, but u must have idea}}maybe drop n pop?}}}rally ahead of vote
[08:25] {magoo> or down today because of big up yester
[08:25] {Threei> fluid situation
[08:25] {Threei> will be either volatile with each new headline
[08:25] {Threei> or quiet in a wait-and-see way
[08:26] {Threei> I mean, what's the point in forecasts when situation changes minute by minute
[08:26] {Threei> when do they vote again?
[08:26] {Threei> I thought tomorrow?
[08:28] {magoo> or friday
[08:29] {Threei> also, there are reports of alternative plan appearing
[08:42] {magoo> spwra gapper}}news?
[08:43] {Threei> no
[08:43] {Threei> general solar strength
[08:44] {Threei> why did they change symbol?
[08:45] {peterg> moring
[08:45] {peterg> morning
[08:45] {Threei> peter :)
[08:46] {peterg> make $ for me ; I'll be gone for 3 hrs, then back}
[08:46] {peterg> hate to miss best time
[08:47] {Onix> good morning all
[08:47] {Threei> onix :)
[08:53] {esemde> good morning}}}}}}}}}}love the smell of the ocean in the morning
[08:53] {Threei> ese :)
[08:54] {esemde> how bout you vad}}}}you can smell it from your house
[08:54] {Threei> pretty much
[08:56] {esemde> my house blocks the ocean smell from getting to patiences house though}}}}}i'm in the way
[08:57] {Threei> hmmm}}} that's why she is making ropund of calls searching for private buldozer
[08:57] {magoo> is there solar news vad?
[08:57] {Threei> 09/26/08 11:51am
[08:57] {Threei> US House approves tax credits for wind and solar companies
[08:57] {Threei> - Note at current voting levels a supermajority is not possible
[08:57] {Threei> - Reminder it still must go to the Senate
[09:03] {Threei> SPWRA
[09:03] {Threei> AT&T ANNOUNCES PLANS FOR RENEWABLE ENERGY SYSTEM AT ITS RAMON CAMPUS, SPWRA TO INSTALL 1MW SOLAR POWER SYSTEM
[09:06] {GeoArb> gm
[09:06] {Threei> Geo :)
[09:08] {fernp> Good morning
[09:08] {Threei> fern :)
[09:08] {pita> ola all
[09:08] {Threei> pita :)
[09:09] {magoo> short ban scheduled to come off tomorrow unless extended vad
[09:09] {Threei> hopefully they come to their senses
[09:09] {Threei> but honestly, I don't count on it very much
[09:16] {dino> gm all
[09:16] {Threei> dino :)
[09:17] {dino> talking about uptick rule, so hopefully shorts back
[09:19] {dptl> good morning all
[09:19] {hawkfan4> gm all
[09:20] {esemde> Vad is SPWRA a solar company?
[09:22] {Threei> dp, hawk :)
[09:22] {Threei> it's a former SPWR
[09:22] {Threei> not sure why change of symbol
[09:23] {esemde> ahhhh}}}as I look on my solar screen i see that spwr quotes are dead}}}}
[09:23] {dino> ge commercial credit spreads are blowing out this a}m}- kass/real$
[09:23] {esemde> tks}}}
[09:23] {dino> ge-1}30
[09:25] {hawkfan4> Doug Kass
[09:25] {hawkfan4> More Commercial Paper Problems?
[09:25] {hawkfan4> 10/1/2008 8:48 AM EDT
[09:25] {hawkfan4> I am hearing that GE Commercial Credit 5-year CDS spreads are blowing out this morning}
[09:25] {dino> lol hawk, see above
[09:26] {hawkfan4> lol, on the phone, missed that :)
[09:26] {Threei> I don't have clear candidates for the opening
[09:27] {Threei> watching NCC
[09:27] {Threei> GE
[09:28] {dino> epic
[09:28] {dino> buyout 9}50 offer
[09:28] {Threei> ELLIOT OFFERS $9}50/SHR
[09:28] {magoo> spitzer??
[09:29] {dino> hmmm is it a cabaret? like rick
[09:29] {dino> :)
[09:29] {hawkfan4> Elliot from E}T?
[09:33] {GeoArb> }
[09:33] {dino> }}
[09:34] {magoo> }}}
[09:34] {hawkfan4> }}}}
[09:34] {esemde> watching JASO}}}}
[09:37] {esemde> NUAN on the Euphoria screen}}}thats aname that hasn't come up for a while
[09:39] {Threei> Long Setup: C }41 if holding above }30
[09:39] {Threei> invalidated
[09:40] {GeoArb> fierce downward pressure on ES
[09:40] {magoo> looking up word invalidated in pictionary as i go long C lol
[09:40] {GeoArb> wow multitasking magoo
[09:41] {esemde> ESLR geo?
[09:41] {dino> yeah, he's a man of many talents
[09:41] {GeoArb> yes ese? (wondering what to say about ESLR) :)
[09:42] {esemde> i'm still in it}}}}}}
[09:42] {esemde> swing trade}}}}}
[09:43] {GeoArb> you seem to have an affinity for trading ESLR
[09:43] {GeoArb> fav stock?
[09:43] {esemde> 1800 shs avg price 6}27
[09:43] {dino> axys
[09:43] {esemde> no}}}}it's just had the crap beaten out of it like NVDA
[09:44] {esemde> although NVDA has better financials}}}}}}}no debt}}}leaves it lots of room for R&D and a leg up on competetors
[09:44] {dino> wow, you've lost me
[09:44] {esemde> i'm in no huray with those two
[09:45] {esemde> sorry mags}}}}}}
[09:45] {dino> fundamentalist
[09:46] {esemde> how bout}}}}}}}ummm}}}good cookie}}}good cookie!!!
[09:46] {dino> duh!, lol
[09:46] {esemde> i'm not really a fundamentalist anymore}}}}but I think theres a deal there
[09:47] {Threei> Long Setup: GE }61
[09:47] {Threei> }49 stop
[09:49] {esemde> i'm a convert to Vads style}}}}}}}}
[09:49] {dino> axys sm s }05
[09:50] {Threei> stopped
[09:51] {Onix> stopped GE
[09:51] {GeoArb> in }58 out }47
[09:51] {GeoArb> manual stop
[09:52] {esemde> Long SQNM }34
[09:52] {esemde> 1/2
[09:53] {esemde> ya buggar}}}stopped at }20
[09:54] {Threei> Long Setup: NCC 2}11 if stays above 2}05
[09:55] {Threei> C fooled us big time
[09:56] {esemde> ah well}}}thats what stops are for}}}}
[09:56] {hawkfan4> ISM and housing starts in 3 mins
[09:57] {magoo> l rimm }16
[09:58] {dino> eqix fast drop
[09:58] {GeoArb> that sure is a lot of offers being lifted
[10:00] {Threei> AUG CONSTRUCTION SPENDING M/M: 0}0% V -0}5%E
[10:00] {magoo> ouyt }4p0
[10:00] {magoo> naz scaring me
[10:00] {Threei> EPT ISM MANUFACTURING: 43}5 V 49}5E; PRICE PAID: 53}5 V 73}0E
[10:01] {Threei> - Employment Index: 41}8 v 49}7 prior
[10:01] {Threei> - New Orders Index: 38}8 v 48}3 prior
[10:01] {esemde> rimm is gonna gor for you mags if it gets over }60
[10:02] {esemde> spoke too soon
[10:07] {magoo> 10:00] {magoo> ouyt }4p0\
[10:08] {magoo> [10:00] {magoo> naz scaring me
[10:09] {magoo> out}}made like }24 cent
[10:10] {GeoArb> ok tired}}}} trying out OMS module for buy stop on NCC
[10:10] {Threei> lol
[10:10] {GeoArb> NCC playing head games
[10:11] {GeoArb> so speed fixed vad?
[10:11] {GeoArb> in OMS?
[10:11] {magoo> yes
[10:11] {Threei> GE
[10:11] {Threei> COMMENTS THAT FUNDING OF COMMERCIAL PAPER HAS BEEN 'SMOOTH'
[10:11] {Threei> - Note on 9/25 made similiar comments noting no difficulty in funding operations with commercial paper
[10:11] {dino> eqix sm l }90 risky fast
[10:11] {GeoArb> all set up and play presse !
[10:11] {dino> sounds familiar, "all is well"
[10:12] {magoo> need to hit green arrow start
[10:12] {Threei> yeah, scary
[10:12] {GeoArb> play presse !
[10:12] {GeoArb> pressed
[10:12] {GeoArb> wow C
[10:13] {magoo> l aapl }99
[10:16] {magoo> stop }49
[10:16] {magoo> only 300 sh
[10:18] {GeoArb> yeah
[10:18] {GeoArb> NCC nvalid?
[10:18] {Threei> US SENATE BILL HAS REPORTEDLY INCLUDED PROVISIONS TO SUSPEND 'MARK TO MARKET' ACCOUNTING
[10:18] {Threei> - Note this issue was a point of contention among republicans lobbying for its inclusion
[10:18] {Threei> yeah
[10:18] {GeoArb> oh i thought they were offended
[10:18] {GeoArb> by speeches
[10:18] {magoo> l rimm }20
[10:19] {magoo> 300 sh
[10:19] {magoo> stop}64
[10:20] {Threei> Long Setup: C }50 break
[10:20] {Threei> }39 stop
[10:21] {magoo> in C
[10:21] {magoo> oout rim }58
[10:26] {Threei> C 1:1 half out
[10:26] {magoo> aapl stopped blows
[10:26] {Threei> has more potential than scalp
[10:27] {magoo> c u mean
[10:28] {dino> out eqix }55, +}65
[10:28] {Threei> wtg
[10:29] {Threei> CNBC'S FABER: CREDIT WORRIES CIRCULATING AROUND GE THIS MORNING ARE PARTLY DUE TO PROBLEMS AT LONDON'S SIGMA DISCUSSED BY MOODY'S
[10:29] {dino> t sm l }50
[10:31] {Threei> sigh
[10:31] {Onix> stopped C
[10:32] {esemde> L} ASBC }65
[10:33] {dino> cov axys }20,
[10:33] {dino> +}85
[10:33] {Threei> Long Setup: JPM }95 half lot
[10:34] {Threei> stop under }80
[10:34] {esemde> vads gonna kill me for this}}}but I went 3/4 lot}}}}levels are thin}}}}}}
[10:34] {Threei> on what?
[10:35] {esemde> ouch}}}was that a swipe across the ears}}}}}}
[10:35] {Threei> *DOE CRUDE: +4}28M V +3ME; GASOLINE: +901K V -1}8ME; DISTILLATES: -2}36M V -1}3ME;
[10:37] {Threei> US SENATOR SCHUMER: PUBLIC TONE ON RESCUE BILL HAS 'CHANGED', BELIEVES WILL PASS IN HOUSE AND SENATE - CNBC COMMENTS
[10:37] {dino> he must be a partier, being on that "joint" committee
[10:37] {Onix> in JPM @ }95
[10:38] {hawkfan4> lol dino
[10:38] {Threei> come on JPM, take that 48 and go
[10:40] {esemde> out ASBC avg }88 + 23
[10:40] {Threei> gj
[10:41] {dino> ge sm l }50, stop }14
[10:41] {esemde> tks}}}}}}makes up for the }14loss in SQNM
[10:42] {esemde> I'll take my punishment now}}}}}swat across the ears and a "don't do that again if you know whats good for you" lecture
[10:43] {GeoArb> sigh JPM
[10:43] {Threei> what the deuce
[10:43] {GeoArb> any boots vad?
[10:44] {Threei> market just can't raiuse its head
[10:44] {Threei> doesn't believe in bailout passage, or doesn't think anymore it's going to help
[10:46] {dino> maybe realizes this is just a band aid, lots of junk to work thru yet
[10:47] {GeoArb> drat my OMS didnt trigger
[10:47] {Onix> stopped JPM
[10:47] {GeoArb> laserdave around?
[10:48] {GeoArb> error code 3596}}}}}}Rejected}}} advance features on ISLD not allowed
[10:48] {GeoArb> vad}}} when you have time can i compare my settins to yours?
[10:48] {Threei> I don't use OMS
[10:48] {GeoArb> eyeballs?
[10:48] {Threei> I do manual
[10:48] {GeoArb> drat
[10:48] {GeoArb> magoo?
[10:49] {Threei> did you have sell order on positive side enetered as well?
[10:50] {esemde> anyone else using a daily highs type of breakout screen}}}}}}the breakouts are just not working}}}}always big pull backs }}}}case in point , i just about went for CHPD
[10:50] {GeoArb> nope
[10:50] {GeoArb> just the stop at 78
[10:50] {esemde> same as SQNM this morning
[10:50] {GeoArb> it rejected}}} so i punched out manual at 74
[10:50] {Threei> sure you adjusted number of shares to actual position?
[10:50] {Threei> because code number you cite is the one that says no shorting on finnies
[10:51] {Threei> something in how you entered it made system think you tried to short
[10:51] {GeoArb> i was in 500 and had stop 500
[10:51] {GeoArb> but wierdly ISLD error rejected saying 200
[10:51] {esemde> BULL traps}}}}BULL sh}}}}} i think with daily highs
[10:51] {GeoArb> i think i know
[10:52] {GeoArb> i dont think OMS is intelligent it just sends it out}}}}}
[10:52] {GeoArb> anyway}}} will dcc
[10:53] {GeoArb> link for error codes please vad?
[10:53] {Threei> ?
[10:53] {GeoArb> where i can read up
[10:53] {Threei> I've no idea
[10:54] {GeoArb> ok
[10:58] {GeoArb> ok so here is why for those interested}}}}}}
[10:59] {GeoArb> if you have an offer out there then that issue comes up
[10:59] {dptl> Geo}}}i think its something with system today i got same thindg without using oms}}}
[10:59] {GeoArb> you gotta cancel the offer}}}}}
[10:59] {magoo> nasty market vad}}your C and JPM would haveworked
[10:59] {Threei> that's why I asked
[10:59] {GeoArb> its not system
[10:59] {Threei> [10:49] {Threei> did you have sell order on positive side enetered as well?
[10:59] {GeoArb> its the stupid short ban
[10:59] {GeoArb> ok vd thats just too complex
[10:59] {Threei> [10:51] {Threei> something in how you entered it made system think you tried to short
[10:59] {Threei> [10:51] {GeoArb> i was in 500 and had stop 500
[11:00] {Threei> what's complex}}}
[11:00] {GeoArb> you gotta say "child}}}} were you offerring on high?"
[11:00] {GeoArb> :)
[11:00] {Threei> execution of stop order or quick sell order while you have actaul sell order requires shorting
[11:01] {Threei> because it sells and cancels
[11:01] {Threei> shorting is forbidden on these stocks
[11:01] {Threei> thus our order doesn't go through
[11:01] {GeoArb> seeee}}}}} dumbing down works
[11:01] {Threei> that's what I meant when asked, but you said no, so I couldn't diagnose it futher
[11:01] {dptl> i see}}}that makes sense
[11:02] {GeoArb> on the positicve}}}} i thought nope}}} i was negative !!!!
[11:02] {GeoArb> lol
[11:02] {GeoArb> ok my faith in OMS is restored}}}}}
[11:02] {GeoArb> cant say about myself
[11:02] {Threei> why do you need it at all when you are here?
[11:02] {GeoArb> true
[11:02] {Threei> just liking toys or what?
[11:03] {GeoArb> well having a stop
[11:03] {GeoArb> lets me be a little less tense
[11:03] {GeoArb> thats all
[11:03] {GeoArb> but its all good
[11:03] {Threei> frikin C did just what I expected
[11:03] {Threei> just with shakeout first
[11:04] {GeoArb> wierd market
[11:04] {GeoArb> oops}}}}
[11:04] {GeoArb> wrd
[11:06] {dino> lol
[11:06] {dino> get him peter
[11:06] {GeoArb> nope he is out
[11:06] {GeoArb> [06:05] {peterg> make $ for me ; I'll be gone for 3 hrs, then back}
[11:07] {GeoArb> his spelling is poor anyway
[11:07] {GeoArb> (lets see if he reads transcripts)
[11:09] {pita> too much fun guys, gotta go
[11:09] {Threei> yeah, nothing like last two days
[11:09] {dino> fcx sm l }80, wild one
[11:10] {dino> ge stopped -}36
[11:12] {Threei> WSJ: US SENATE BILL WILL TEMPORARILY ALLOW THE FDIC TO BORROW UNLIMITED FUNDS FROM THE US TREASURY, UP FROM $30B CURRENTLY
[11:12] {dino> later pita
[11:12] {Threei> now NCC goes
[11:13] {dino> no sense to anything any more
[11:14] {dino> so}}}}}back to basics
[11:14] {patience> problem with unlimited access to the treasury, aside from the obvious, is all the other unrelated crap that financial institutions will try to bury in it
[11:14] {GeoArb> I am amazed}}}}} 3 page document and trust us
[11:14] {dino> i think thats the idea
[11:14] {GeoArb> thats all they had
[11:16] {Threei> 'long qid }91
[11:16] {Threei> Long Setup: QID }91
[11:16] {Threei> stop }82
[11:17] {GeoArb> stopped
[11:17] {Threei> why did I wake up today?
[11:18] {hawkfan4> your alarm clock went off?
[11:18] {magoo> to slap magoo?
[11:19] {hawkfan4> to get annoyed by hawk and magoo?
[11:19] {dino> reversal me and you vad
[11:19] {magoo> to BE slapped by magoo?
[11:20] {magoo> and hawk?
[11:20] {magoo> u first hawkman
[11:20] {hawkfan4> i don't know, i kinda scared
06[11:20] * Threei slaps laserdave1 around a bit with a large trout
[11:20] {magoo> its easy and fun}}go ahead}}do it
[11:21] {laserdave1> nice oneeeeeee
06[11:21] * magoo slaps laserdave1 around a bit with a large trout
06[11:28] * Chaeron slaps laserdave1 around a bit with a large trout
06[11:28] * magoo slaps laserdave1 around a bit with a large trout
06[11:28] * magoo slaps laserdave1 around a bit with a large trout
06[11:28] * magoo slaps laserdave1 around a bit with a large trout
[11:29] {dino> eqix sm l }90
[11:33] {GeoArb> vad retired to tibet?
[11:34] {Threei> years ago
06[11:35] * magoo slaps Threei around a bit with a large trout
[11:35] {GeoArb> but why? the dalai lama is out of town!!
[11:35] {Threei> what do I care
[11:35] {Threei> he smiles too much for my taste
[11:35] {GeoArb> lol
06[11:35] * magoo slaps Threei around a bit with a large trout
[11:37] {Threei> JASO
[11:37] {Threei> REAFFIRMS 2009 GUIDANCE
[11:40] {Threei> sh*t
[11:41] {GeoArb> short?
[11:41] {Threei> look at NCC 1 min
[11:41] {Threei> took 5K at }23, got fill at the bid
[11:42] {Threei> fed it into buying for a nice scalp
[11:42] {Threei> then looked at it again}}}
[11:42] {Threei> sold under }30, so you know why the expletive
[11:42] {GeoArb> any comments magoo?
[11:43] {Threei> WHITE HOUSE: THE FINANCIAL BAILOUT BILL HAS BEEN CHANGED IN A WAY THAT INCREASES ITS CHANCES FOR PASSAGE
[11:51] {magoo> u know}}}its starting to feel like the mkt doesn't give a sh@t about passage anymore
[11:51] {magoo> a sucker pop}}}and crush everyone but shorts
[11:52] {magoo> that would be a real death blow
[11:52] {Threei> that was the plan even last week
[11:52] {Threei> even moreso now
[11:52] {magoo> gggggggrrrrrrrrrrrrrrrrrrrrrrrrrrrr}}}how am i supposed to remember that i ask u?????????????
[11:52] {magoo> i thought i just thought of it
[11:52] {magoo> he he
[11:53] {Threei> here is news flash for you mags:
[11:53] {Threei> last time you also thought you just thought that
[11:57] {Threei> C makes me crying
[11:57] {Threei> feel like crying
[12:01] {dino> out fcs }70,
[12:01] {dino> =}90
[12:01] {dino> +
[12:01] {hawkfan4> nice
[12:02] {dino> ty
[12:03] {dino> worst thing that happened, imo, is the 500 pt run yesterday
[12:04] {Threei> can you believe these numbers:
[12:04] {Threei> F
[12:04] {Threei> REPORTS SEPT US VEHICLE SALES -34}6% V -26%E (UNADJUSTED BASIS); SALES TOTALED 117K UNITS, LOWEST SALES IN A MONTH THIS YEAR
[12:05] {dino> vari drop
[12:05] {hawkfan4> unreal
[12:05] {dino> they will be marking 50% off new cars
[12:07] {Chaeron> abk
[12:11] {magoo> got appt}}be back hour
[12:12] {Threei> WB catching up with the rest it seems
[12:12] {hawkfan4> just getting an order ready for WB
[12:12] {Threei> missed }27
[12:13] {hawkfan4> me too
[12:14] {Chaeron> anyone get abk?
[12:15] {patience> no, but my gold options shot up while i was in the kitchen washing dishes
[12:15] {GeoArb> :)
06[12:15] * Chaeron asks Vad for directions to monastary
[12:15] {GeoArb> geo{-off to wash dishes
[12:18] {GeoArb> have fun all}}}} in the red today
[12:18] {GeoArb> bye
[12:18] {dino> out eqix }90, +1}00
[12:18] {hawkfan4> cya geo
[12:18] {Threei> take care Geo
[12:18] {peterg> bye geo; have important spelling announcement to make
[12:18] {dino> cya geo
[12:18] {GeoArb> lol
[12:18] {Threei> NCC looks like break of }50 coming
[12:18] {dino> hmmmm
[12:19] {peterg> Went to compulsive speller's rehab workshop and learned that every wat that
[12:19] {peterg> communicates is good} So Im sorry
[12:19] {peterg> every way
[12:19] {GeoArb> air hug
[12:19] {peterg> tks
[12:19] {dino> ge last try }50 l
[12:19] {dino> eqix been very good to me
[12:29] {Threei> sheesh ABK
[12:29] {hawkfan4> holy cow, that's a mover
[12:29] {Chaeron> feel free to exit}}} oh wait}}} noone took it}}
[12:29] {Chaeron> lol
[12:30] {hawkfan4> lol
[12:30] {Threei> finally nailed WB for 6 cents
[12:30] {Threei> lol, too soon out
[12:30] {Threei> on big lots every cent is valuable
[12:31] {Threei> jeez
[12:32] {dino> rallllly
[12:32] {Threei> trying to hold NCC
[12:32] {Threei> tough, I ahve to admit :)
[12:33] {dino> vari sm l }15
[12:34] {dino> t stop to }90
[12:35] {Threei> ok, out NCC 2}61
[12:35] {Threei> 11 cents
[12:35] {Threei> anyone went for that break?
[12:35] {patience> sorry, went and dried the dishes
[12:36] {hawkfan4> still in from }11 ;)
[12:36] {Threei> jeez
06[12:36] * Threei slaps hawkfan4 around a bit with a large trout
[12:37] {Chaeron> ABK
[12:37] {Chaeron> is it done
[12:37] {Threei> no way to tell
[12:37] {Threei> pure momo play
[12:37] {hawkfan4> 1/2 out NCC }62
[12:37] {Threei> no technicals to it
[12:38] {dino> out t }05 +}55
[12:40] {hawkfan4> out rest }61
[12:40] {dino> gj
[12:40] {Threei> wtg
[12:40] {hawkfan4> thx for the heads up vad :)
[12:40] {Threei> huge
[12:40] {hawkfan4> went big too
[12:40] {Threei> considering amount of shares to play on it
[12:45] {Threei> CNBC'S LIESMAN: HOUSE STAFFER SAYS THE HOUSE WILL NOT VOTE ON THE BAILOUT BILL BEFORE FRIDAY
[12:46] {hawkfan4> geesh, wasn't it supposed to be tonight?
[12:48] {Threei> WILL NOT BRING BILL UP FOR A VOTE UNTIL LEADERSHIP BELIEVES IT HAS THE VOTES TO PASS
[12:52] {Threei> so markwet was dropping while thinking vote would be tonight
[12:52] {Threei> and soares now when it's postponed?
[12:52] {dino> oiut ge }90 +}40
[12:52] {hawkfan4> i think they said that last night, that the vote would take place Wed night at 9 pm et
[12:52] {Threei> if that's how market takes it, I'd suggest to take it odff agenda at all
[12:53] {Threei> and watch market spiking 2K points
[12:53] {Threei> don't look at NCC hawk
[12:53] {hawkfan4> lol, too late
[12:54] {hawkfan4> still in WB, so some consolation
[12:54] {Threei> I don't know where you find patience for such holds
[12:54] {Threei> no way I'd sit on 5-19K of NCC since 2}11
[12:55] {Threei> 5-10K
[12:55] {hawkfan4> i just keep my finger on the button pretty much} thought it would top out around }60
[13:00] {Raven> the HOUSE will vote tonight }}} the SENATE not before Friday }}} this is not news
[13:00] {Threei> oh boy
[13:01] {hawkfan4> ah, thx Raven
[13:01] {Raven> yw
[13:02] {Raven> question is }}} will they both be voting on the same bill
[13:02] {Raven> I doubt it
[13:02] {Raven> then the house and senate will bicker
[13:02] {Raven> over the weekend
[13:02] {Threei> as if we were not confused enough
[13:03] {Raven> lol
[13:03] {Raven> really does not matter if your trades last no more than 11 seconds
[13:04] {cosmo> }}}down from 11 days back in the day
[13:05] {Raven> those were the days
[13:06] {cosmo> telephone ruled real time
[13:11] {Raven> lol }}} yup
[13:13] {Chaeron> Hi Raven}}} sorry, was getting my quotes from my ticker-tape :)
[13:17] {peterg> hard off wall street in the sixties was Delmonico's a fabulous steak house} On entering, there was a beautiful ticker clicking away}}}
[13:17] {dino> shld
[13:18] {Threei> NBC'S GASPARINO: SOURCES SAY SEC STAFF LIKELY TO EXTEND SHORT SELLING BAN ON EVERYTHING BUT CONVERTIBLE PREFERRED SHARES
[13:18] {Threei> - extension likely today or early tomorrow; Gasparino expects the ban to be extended 10 business days to Oct 17}
[13:18] {Threei> - note: under its emergency authority the SEC can extend the ban for an additional 20 business days beyond the intial 10 day ban}
[13:19] {Chaeron> peter}}} I want one of those :)
[13:19] {peterg> steak or ticker?
[13:19] {Chaeron> both :)
[13:19] {peterg> good plan
[13:19] {cosmo> i want the 60's
[13:19] {peterg> even better
[13:20] {Chaeron> cosmo}}} you just want the drugs, sex and rock and roll
[13:20] {dptl> lol
[13:20] {cosmo> no, no }}}} just knowing what i know now
[13:21] {cosmo> 'bout sports and stuff}}}
[13:21] {Chaeron> oh sure}}} pick one long shot and bet the farm? lol
[13:22] {Raven> lol Chaeron }}} you can buy old tickers on EBay
[13:22] {Chaeron> the tick?
[13:22] {Chaeron> they tick?
[13:22] {Raven> yes }}} I doubt that the data feed exists tho :)
[13:22] {cosmo> 20 min} delay }}}sorry
[13:23] {Threei> lol
[13:23] {Raven> lol
[13:23] {Threei> got any url raven?
[13:23] {dptl> lol
[13:23] {Threei> NCC new high}}} is it for real?
[13:23] {Chaeron> when I get wealthy I'll get one}}} Thanks Raven}}} then I'll invite you over for a cigar and cognac as we stand around it in stuffy suits with spats and monocles :)
[13:23] {Raven> I looked up once on EBay
[13:23]