RealityTrader Trading Log

Friday, November 28, 2008

Nov 28 2008

Short session, not much excitement, but got one nice trade on C for over 60 cents, plus some scalps. Off till Tuesday

Session Time: Fri Nov 28 00:00:00 2008

[08:30] {Threei}  Good morning
[08:31] {Threei}  could help myself and took half lot GM overnight at 4.78
[08:31] {Threei}  out happily
[08:36] {Threei}  ummm... could = couldn't
[08:45] {hawkfan4} nice vad
[08:45] {Threei}  a bit too soon
[08:52] {tomg} good morning all
[08:53] {Threei}  tom :)
[08:54] {magoo} morn
[08:54] {Threei}  mags :)
[08:56] {magoo} everyone i trust had nice thanksgiving?
[08:56] {Threei}  the best, especially since it's second in as many months :)
[08:59] {cosmo} how about those you don't trust...mags
[09:02] {Raven}  I trust all of you turkeys had a nice Thanksgiving ...
[09:02] {KSystems} good morning!
[09:02] {Threei}  Raven, ks :)
[09:02] {cosmo} i managed to keep my head ....
[09:03] {Raven}  nice! :)
[09:03] {cosmo} one more year
[09:04] {Raven}  one less year
[09:05] {cosmo} pesimist
[09:05] {Raven}  sigh ... pessimist
[09:06] {cosmo} sigh...agree
[09:06] {Threei}  C strength
[09:07] {Raven}  back to reality
[09:07] {magoo} mkts close noon or 1 pm ?
[09:08] {Raven}  1 pm
[09:08] {Raven}  est
[09:08] {Raven}  that is Eastern Standard Time not an estimate
[09:09] {cosmo} then what?  ... go shopping?
[09:09] {Raven}  start drinking
[09:09] {cosmo} ah
[09:09] {Onix} Good morning all
[09:09] {magoo} ty
[09:11] {Threei}  onix :)
[09:18] {ese} long is the market open today?
[09:18] {KSystems} Raven was estimating 1pm ;-)
[09:18] {KSystems} hi ese
[09:19] {ese} hey ksys
[09:19] {KSystems} 1pm EST is correct
[09:19] {ese} tks
[09:19] {Threei}  ese :)
[09:19] {ese} morning vad....
[09:19] {dino} gm all
[09:19] {Threei}  dino :)
[09:19] {ese} dino
[09:20] {KSystems} morning
[09:20] {Threei}  this thanksgiving short day is usually marked by very thin trading and big volatility
[09:20] {Threei}  let's be careful, try to nail couple relatively safe onces
[09:21] {magoo} u leaning long?traditionally up day but we are up already past sev trading sessions and europe down
[09:21] {Threei}  true
[09:22] {Threei}  my feeling is, we ought to go green
[09:22] {Threei}  but I am willing to act on that feeling only when I see confirmation
[09:22] {magoo} i know we need to let it develope..but like always..wondering your thoughts
[09:22] {Threei}  supports holding, resistances broken, good support on pullbacks
[09:23] {dino} fwiw, last week of oct bounced from 8143-9454, roughly 1300 pts, last week nov 7449-8726, roughly 1300 pts
[09:24] {dino} end of month mark-ups, imo
[09:24] {Threei}  same points, but percentage grows
[09:25] {dino} which is more bothersome
[09:25] {Threei}  if we go down to 100 points Dow, can you imagine the percentages of bounces? :)
[09:25] {dino} i think govt said off the cuff, end of month mark ups being ignored for now 
[09:25] {ese} anyone catch this instantaneous volume in AAUK 500k shs
[09:26] {Threei}  at 11.63, yeah
[09:26] {Threei}  looks more like some kind of external print rather than real time trade to me
[09:26] {ese} tks
[09:27] {ese} was there any recent news for AAUK Vad
[09:29] {Threei}  not that I see
[09:29] {ese} tks
[09:32] {Threei}  watching C for pullback
[09:32] {magoo} me too
[09:34] {Threei}  OK, GM, pullback to .25 .30 area to watch
[09:34] {Threei}  or .50 break if consolidates a little above .35 .40
[09:35] {Threei}  C just want pull back for us
[09:35] {Threei}  won't
[09:42] {Threei}  sharp selling GM
[09:45] {wishbone} gm all
[09:45] {Threei}  wish :)
[09:46] {dino} fdo partial fill .69 l
[09:47] {Threei} Long Setup:  C  7.85 if holding above 7.70 and market strengthens
[09:49] {Threei} Long Setup:  GM  .36 if holding above .20
[09:51] {magoo} news AAPL vad?
[09:52] {Threei}  New Yourk Times gave negative review of RIMM's latest Blackberry
[09:52] {Threei}  other than that, no
[09:52] {magoo} ty
[09:54] {Threei} Long Setup:  INTC  14 break if stays above .90
[09:56] {Threei} Long Setup:  DRYS  .55 if stays above .40, half lot
[09:57] {dino} baltic index down again, fwiw
[09:57] {dptl} good morning all
[09:57] {Threei}  dp :)
[10:05] {ese} morning dp
[10:05] {ese} long DRYS .58
[10:05] {dptl} :)
[10:06] {ese} need the NAZ to go my way
[10:07] {Threei}  so far it's not going anyone's way, lol
[10:07] {Threei}  not up nor down
[10:07] {ese} indeed
[10:07] {ese} opps ...wrong way
[10:11] {Threei}  overstuffed traders barely push those buttons
[10:12] {hawkfan4} can't get close enough to my desk...
[10:13] {dino} lol
[10:14] {ese} goin my way now.....
[10:15] {ese} takin a quick look at DRYS fundamentals......
[10:15] {ese} decent.......not enough cash those for these times
[10:15] {ese} thats though
[10:16] {ese} not like NVDA though....couple of billion in cash just hanging around.....
[10:18] {Threei}  reverse already market, will ya
[10:18] {ese} come on.....bounch of .50 and be dne with it
[10:18] {ese} nope......
[10:19] {ese} stop is .39
[10:20] {ese} ahhhhh whats life without a litle excitement now and then ehhhh
[10:20] {Threei}  lol
[10:21] {Threei}  anyone did GM trade?
[10:21] {Threei}  worked for slightly over 1:1
[10:21] {ese} not I
[10:21] {ese} did you Vad
[10:21] {Threei}  scalped
[10:21] {Threei}  INTC no worky
[10:22] {Onix} stopped in intc
[10:22] {magoo} i did vad..but still in it
[10:22] {magoo} thought we were getting more
[10:22] {Threei}  not even partial?
[10:22] {magoo} nope
[10:22] {Threei}  we still can, but trail stop
[10:22] {Threei}  to under .30
[10:22] {magoo} was waiting .61
[10:25] {Threei}  anyone went for C?
[10:26] {peterg} just tuning in from sunny Miami Beach, morning all
[10:26] {peterg} ocean sparkling, calm
[10:26] {KSystems} blah
[10:26] {peterg} me too at last for a mintute
[10:26] {Threei}  hi peter :)
[10:27] {dino} gm peter
[10:27] {peterg} yo dino
[10:27] {patience} what time is my flight ticket to you peter?
[10:27] {peterg} hop on board asap
[10:28] {peterg} private jet enroute
[10:28] {patience} i'm ready now
[10:28] {Threei}  DRYS finally
[10:28] {dino} real move or bs
[10:28] {magoo} waitin on drys @ .76
[10:41] {peterg} very quiet here
[10:41] {patience} hah!  try the tsx yesterday, made $200 
[10:42] {peterg} Toronto !
[10:42] {peterg} god for you
[10:42] {peterg} and good too
[10:43] {patience} incredibly low volume yesterday
[10:43] {patience} made me appreciate that it is american traders providing volume to toronto
[10:45] {peterg} Patience, you trade on laptop, right?
[10:45] {patience} y
[10:46] {peterg} I got a MacBook (11 inch screen) able to use windows and evrerything
[10:46] {dino} out fdo .86, +.19 ave
[10:46] {ese} out DRYS .80
[10:46] {peterg} But it is too small to use, i think.
[10:46] {ese} +.21
[10:46] {ese} full lot
[10:46] {magoo} out drus .81 TY vad
[10:46] {wishbone} nice dino, ese
[10:47] {patience} guess its whether you're good with your hands peter.  i have 7 screens open right now
[10:47] {ese} tks wish
[10:47] {Threei}  welcome guys
[10:47] {peterg} omigod
[10:47] {dino} ty wish
[10:47] {ese} tks vad
[10:48] {wishbone} why only 7 patience....You couldn't  afford 8? :)
[10:48] {magoo} C vad??
[10:48] {peterg} seven screens on one laptop? from laser?
[10:48] {Threei}  feels to me like going over 8 today
[10:49] {Threei}  unless market dies
[10:49] {patience} i don't use laser anymore.  it is a great product but when i was using it, they didn't offer tsx
[10:49] {peterg} thks; jet almost there
[10:50] {patience} do i need to pack clothes or bathing suit ok
[10:50] {peterg} just suit
[10:50] {peterg} but at nights, we party with madonna and a-rod, so your choice
[10:51] {patience} must be good sales on today, no problemo
[10:51] {dino} sm l tbt .80
[10:53] {dino} t l .35
[10:54] {Threei}  DRYS is still trying
[10:54] {dino} ostk spike
[10:54] {dino} wow
[10:55] {dino} lol
[10:55] {dino} can't borrow here
[10:55] {Threei}  available here
[10:56] {Threei}  but scary as hell
[10:56] {dino} gl my friend
[10:56] {dino} was thinking 11.40ish
[10:58] {magoo} i took C @ .81 vad
[10:59] {magoo} was thinkinglike 8.07?
[10:59] {Threei}  with any market help should be capable of that at least
[11:01] {dino} stopped t .39, +.04
[11:03] {Threei}  C on launch pad
[11:05] {Threei}  come on market, help it break 8 and jump
[11:05] {magoo} where would u wait? .21
[11:05] {magoo} .43?
[11:05] {Threei}  I'd break them in halves
[11:05] {Threei}  half around 8.10
[11:06] {Threei}  or if it loses 8
[11:06] {Threei}  to secure profit
[11:07] {magoo} its a lil stronger than mkt
[11:07] {Threei}  yes... but still needs market directional support
[11:08] {magoo} right..then it would go go go
[11:11] {Threei}  half out
[11:14] {magoo} vad u think over 8.50 capable?
[11:14] {Threei}  it is
[11:14] {magoo} what is??
[11:14] {Threei}  I'd set stop under 7.90, offer 1/4 more around 8.25 and 1/4 around 8.45
[11:22] {Threei}  there you for 1/4
[11:22] {magoo} beauty..still got 1/3
[11:24] {magoo} vad news FSLR?
[11:27] {peterg} go mgoo
[11:28] {magoo} waituing .41
[11:28] {peterg} made my usual .10 no matter how much the stock moves.
[11:28] {magoo} OUT TY vad
[11:29] {peterg} ty both for my dime.
[11:29] {ese} am back...computor decides to randomly shut off.......damn electronics...can't live with it...can't live without it.
[11:29] {Threei}  pure beauty C
[11:30] {ese} back in DRYS  .58 this time
[11:30] {wishbone} c +22 ty3i
[11:30] {Threei}  I'd say, getting this trade right on such day pretty much concludes it
[11:30] {Threei}  but I won't
[11:30] {Threei}  'cause magoo will strangle me
[11:30] {peterg} or trout you or whatever the latest version is
[11:31] {Threei}  hehe
[11:31] {Threei}  anyone got that latest version from geo?
[11:31] {Threei}  KS did fantastic work
[11:31] {Threei}  incorporating a few fancy standard ones and adding an option to type your own
06[11:31] * magoo slaps Threei around a bit with a large trout
[11:31] {Threei}  oooold...
06[11:32] * Threei slaps magoo around a bit with a large roll of cash
06[11:32] * Threei slaps magoo around a bit with a large scalping course
06[11:32] * Threei slaps magoo around a bit with a large daytrading course
06[11:32] * Threei slaps magoo around a bit with a large Master Profit Plan
06[11:32] * Threei slaps magoo around a bit with a large chart of uptrending market
[11:32] {peterg} I like the old days best before nuclear options proliferated
06[11:32] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading
06[11:32] * Threei slaps Threei around a bit with a large whatever
[11:33] {Threei}  ain't that impressive array of options
[11:34] {peterg} scary
[11:34] {Threei}  freedom of choice
[11:35] {ese} some serious pain being inflicted on this board
06[11:35] * Threei slaps laserdave1 around a bit with a large request for Enter Profitable Trades Only button
[11:36] {peterg} hi es--you using yr Mac with windows? happy with it?
[11:37] {peterg} aside from shutdown issue
[11:38] {dino} gme l .38
[11:39] {magoo} kind of a big issue ui think lol
[11:39] {magoo} C here vad?
[11:39] {Threei}  not sure mags
[11:39] {Threei}  not sayin it won't go, just no firm read
[11:42] {magoo} any Read GS
[11:43] {ese} outa here for the weekend all....have a good one...gonna ride DRYS for a little while and see what happens
[11:43] {peterg} happy trails es
[11:43] {ese} see ya peter
[11:43] {patience} peter wait
[11:43] {peterg} yah?
[11:43] {patience} i can't find half of my bikini, what to do,  plane wants to leave
[11:43] {Threei}  take are ese
[11:44] {peterg} you gotta take what you can Patience--waiting for you here!!
[11:44] {peterg} South Beach is very friendly place, full bikini not nec.
[11:45] {patience} whew!
[11:46] {peterg} I think you will like the plane--latest Gulfstream model I bought from GM
[11:46] {patience} no free loaders hitching a ride i hope
[11:46] {peterg} none
[11:48] {magoo} if IF IFFFF mkt helps..aapl go ovre 93
[11:52] {wishbone} what time does trading day end?
[11:53] {dino} 1:00
[11:53] {dino} est
[11:53] {wishbone} ty
[11:54] {dino} np
[11:58] {magoo} 93
[12:06] {dino} out gme .50, +.12
[12:08] {Threei} Long Setup:  C  .41 if holding above .30
[12:22] {peterg} my aggressive entry bit me
[12:23] {peterg} as geo says, follow the vad
[12:23] {peterg} flesh wound only
[12:24] {Threei}  DJI mildly positive, NASDAQ mildly negative... not much happens
[12:25] {dptl} market closes in 35 min right?
[12:26] {magoo} yes
[12:27] {peterg} Since this is for me vacation, I can test hypothesis vodka calms anxious nerves.
[12:27] {peterg} Answer: Yes.
[12:28] {peterg} About judgement, no clear answer yet
[12:29] {dino} clouds mine
[12:30] {peterg} you had some to cloud
[12:30] {peterg} haha
[12:32] {dino} lol
[12:32] {peterg} known throughout history for impacting judgement. 
[12:40] {dino} fwlt l .05
[12:40] {Chaeron} Good afternoon all. Hope everyone is having a great Thanksgiving weekend... even you my Canadian friends :)
[12:40] {Threei}  hey chaeron :)
[12:43] {KSystems} dino, you still in TBT?
[12:43] {dino} unfortunately
[12:43] {KSystems} heh
[12:43] {dino} .49 stop on it
[12:43] {dino} will be gone regardless by 1:00
[12:46] {dino} out tbt
[12:47] {Threei}  Ok guys, not looking for anything to happen on last 15 minutes
[12:47] {Threei}  have a great relaxing weekend, be safe on Monday,
[12:47] {Chaeron} so....... trout fight?
[12:47] {wishbone} have a great weekend all
[12:47] {Threei}  I'll see you all Tuesday mornning
[12:47] {Chaeron} (slacker)
[12:47] {patience} have an excellent time, don't get to close to the rogue waves
[12:47] {KSystems} Take care Vad, drive safely :)
[12:48] {Chaeron} take great pics as always!
[12:48] {dino} i'm out until wednesday, take care all
[12:48] {Threei}  sure will
[12:48] {peterg} safe journey 
[12:48] {magoo} im out hunting ole mossyback smokey ghost next mon,

Wednesday, November 26, 2008

Nov 26 2008

What happened to brutal cruel hectic murderous market of late? Where did this gentle forgiving generous kitten come from? I am afraid to jinx it... but this is easiest money in I don't know how long. One more thing to be thankful for.

Happy Thanskgiving to everyone!

Session Time: Wed Nov 26 00:00:00 2008

[08:25] {Threei}  {DRYS DSX EGLE SHY TLT}
[08:28] {Threei}  e-mails I get...
[08:28] {Threei}  Canada
[08:28] {Threei} 
[08:28] {Threei}  If the federal government sent each and every one of us a $600
[08:28] {Threei}  Rebate........As was done in the U.S of A. Recently.
[08:28] {Threei}  --------------
[08:28] {Threei}  If we spend it at Wal-Mart, the money will go to China .
[08:28] {Threei}  -----------
[08:28] {Threei}  If we spend it on gasoline, the money will go to the Arabs.
[08:28] {Threei}  ------------
[08:28] {Threei}  If we purchase a computer it will go to India
[08:28] {Threei} 
[08:28] {Threei}  If we purchase fruit and vegetables it will go to Mexico , Honduras and Guatemala
[08:28] {Threei}  --------------
[08:28] {Threei}  If we purchase a car, it will go to Japan or Mexico .
[08:28] {Threei}  -----------
[08:28] {Threei}  If we purchase useless crap it will go to Taiwan
[08:28] {Threei}  and none of it will help the Canadian economy.
[08:28] {Threei}  -------------
[08:28] {Threei}  The only way to keep the money here at home is to spend it on
[08:28] {Threei}  prostitutes, weed, beer, rye whisky and tattoos since these are the only
[08:28] {Threei}  products still produced in CANADA.
[08:28] {Threei} 
[08:28] {Threei}  Thank you for your help and please support your country!
[08:30] {Threei}  OCT PERSONAL INCOME: 0.3% V 0.1%E; PERSONAL SPENDING: -1.0% V -1.0%E
[08:30] {Threei}  OCT PCE CORE M/M: 0.0% V 0.0%E; PCE CORE Y/Y: 2.1% V 2.2%E;
[08:31] {Threei}  OCT DURABLE GOODS ORDERS: -6.2% V -3.0%E; DURABLES EX TRANSPORTATION: -4.4% V -1.6%E
[08:31] {Threei}  INITIAL JOBLESS CLAIMS: 529K V 535KE; CONTINUING CLAIMS: 3.962M V 4.080ME
[08:31] {Threei}  - Prior Initial Jobless Claims revised from 542K to 543K
[08:31] {Threei}  - Prior Continuing Claims revised from 4.012M to 4.016M
[08:49] {wishbone} gm all
[08:49] {patience} gm RT   :)
[08:50] {lisa_jay} brother is Canadian - should send him that e-mail you got.
[08:50] {lisa_jay} Good morning.
[08:50] {Threei}  good morning all :)
[09:00] {KSystems} Good morning!
[09:00] {Threei}  KS :)
[09:05] {Geo} gm
[09:06] {Threei}  Geo :)
[09:06] {hawkfan4} gm all
[09:08] {ese} morning all....missed's my lot in life at this time of the year as a mucis teacher
[09:08] {Threei}  hawk, ese :)
[09:09] {ese} thats Music  sory
[09:09] {Threei}  geo, check your e-mail
[09:11] {dino} gm all
[09:11] {Threei}  dino :)
[09:11] {ese} dino
06[09:13] * Geo slaps Threei around a bit with a large book of Techniques of Tape Reading
[09:13] {Geo} nice vad
[09:13] {Geo} thanks
[09:13] {Threei}  np
[09:14] {Threei}  who wants those fancy new slaps, courtesy of KSystems, give your e-mail to send it to me or Geo
[09:15] {hawkfan4} i sense a new book coming: "Techniques of Trouting"
[09:15] {Threei}  oh, just a small e-book
[09:15] {Threei}  3 lines max
[09:19] {Onix} Good morning all
[09:20] {Threei}  onix :)
[09:25] {Threei}  remember all the hoopla and strong market reacttions on 700B bailout?
[09:26] {Threei}  800B one announced yesterday, and no one even blinked
[09:26] {dptl} good morning all
[09:26] {Threei}  we are having bailout fatique I guess
[09:26] {Threei}  dp :)
[09:32] {dino} multiple by 10 3i, 10:1 ratio on these
[09:33] {Threei}  low volume but nice chart:
[09:33] {Threei}  SUPG
[09:33] {Threei}  1.90 will worth a try
[09:33] {Geo} supg?
[09:33] {Threei}  if big offer at .89 is taken, will add significantly to volume
[09:35] {dino} rtp crushed again
[09:36] {Threei} Long Setup:  DELL  .45
[09:36] {Threei}  stop under .35
[09:37] {Threei}  market's pulling back a bit
[09:37] {Threei}  either we get better price on DELL or it proves to be a salmon
[09:38] {Threei}  golding well
[09:38] {Threei}  holding too
[09:38] {Threei}  in .46
[09:39] {Onix} in .45
[09:42] {Onix} out .57 ty Vad
[09:42] {Threei}  :)
[09:45] {Threei}  UAUA acts salmonish again
[09:45] {lisa_jay} Thanks Vad got 10c on Dell
[09:45] {Threei}  lisa :)
[09:46] {ese} L STLD....agressive entry .67
[09:46] {ese} stop .59
[09:47] {Threei}  **consensus expectation: 441Ke v 464K prior
[09:48] {Threei}  offering half DELL .61
[09:48] {ese} Vad...does my my stop on STLD look good at .59
[09:48] {Threei}  sold
[09:48] {Threei}  yes ese
[09:48] {ese} tks
[09:48] {Threei}  that's where I'd keep it
[09:49] {Threei}  stop to under .50
[09:50] {Threei}  UAUA was mostly momo play, hard to find entry
[09:50] {Threei}  anyone got it?
[09:51] {Onix} no
[09:51] {lisa_jay} no.
[09:51] {Threei}  offering second part DELL .70
[09:52] {Threei}  out
[09:52] {ese} out STLD .93  +.26 on full lot
[09:52] {Onix} gj
[09:52] {lisa_jay} nice trade vad
[09:52] {Threei}  ty
[09:52] {Geo} all out TY vda
[09:52] {Threei}  nice one ese
[09:52] {Geo} v
[09:52] {Threei}  geo :)
[09:52] {ese} tks
06[09:52] * Geo slaps Geo around a bit with a large roll of cash
[09:55] {ese} loking for STLD on a pull back maybe around  .70 to .80 level
[09:56] {Threei}  watching FMCN
[09:56] {Threei}  idea is, .75 long half lot if holding above .60
[09:56] {Threei}  but would like home sales number to be announced before it sets up
[09:57] {Threei}  UAUA
[09:57] {Threei}  pullback play
[09:58] {Threei}  11 crossback if holding .90
[09:58] {Threei}  if loses it will try to catch deeper pullback
[10:00] {Threei}  OCT NEW HOME SALES: 433 V 441KE
[10:02] {Onix} in uaua .93
[10:02] {Geo} heheh here too
[10:02] {Threei}  stop under .80
[10:02] {Threei}  offer half somewhere closer to 11.10
[10:02] {Threei}  so it could take you out on a spike
[10:04] {Threei}  sigh
[10:04] {Threei}  watch FMCN for that big offer at .70
[10:04] {Threei}  if taken, likely to spike fast
[10:05] {Threei}  sold any of UAUA?
[10:05] {Onix} no
[10:06] {Geo} my .09 didnt hit
[10:07] {lisa_jay} Stopped on UAUA.
[10:10] {Geo} got greedy
[10:10] {lisa_jay} yes.
[10:10] {lisa_jay} me too.
[10:10] {Geo} should have been more scalpy
[10:10] {Geo} thin market
[10:10] {Onix} stopped
[10:14] {dino} all l .78, stop .68
[10:17] {Threei} Long Setup:  QQQQ  on pullback under .40
[10:18] {Threei}  stop will be under .30
[10:20] {Threei}  no pullback to speak of
[10:21] {ese} Long STLD .90
[10:22] {ese} maybe should have waited until .97......well see
[10:22] {Threei}  ok... as close to .40 Qs
[10:22] {Threei}  as you can get
[10:23] {dino} all stop to b/e
[10:25] {dino} out all .08, +.30
[10:25] {Threei}  :)
[10:25] {Onix} gj
[10:25] {Threei}  offer half Qs above .60 who got it
[10:26] {Threei}  we are in for a climb
[10:27] {Onix} got in q's late .49 sold @ .59 ty Vad
[10:27] {dino} t l .10, stop .98
[10:27] {Threei}  welcome
[10:28] {Threei}  FMCN, are you ever going to trigger?
[10:30] {Threei}  big offers get taken
[10:30] {Threei}  .70 break, I am in
[10:30] {dino} xom sm l .60
[10:34] {dino} t stopped -.12
[10:35] {Threei}  DOE CRUDE: +7.3 V +1ME; GASOLINE: +1.8M V +500KE
[10:35] {dino} xom stopped -.50 
[10:35] {Threei}  oil's-a-plenty
[10:36] {Threei}  USO dropped like drunken sailor's pants... err... I'll withold the rest
[10:38] {Threei}  keep your finger on a trigger for FMCN
[10:38] {Geo} you still waiting 
[10:38] {Geo} \lol
[10:38] {Threei}  when it happens it will happen fast
[10:39] {Threei}  lol eh... we will see who is laughing if it triggers
[10:39] {Geo} i was lauginh as thats the Q i had
[10:39] {Geo} also my sell stop in place
[10:40] {Threei}  doesn't matter Geo... I just prepare future context for a slap
[10:40] {Geo} i got that feeling
[10:40] {Threei}  whatever you do, I'll succeed in justifying it
[10:40] {Threei}  anf if not, I'll slap without justification
[10:41] {lisa_jay} FMCN getting ready Vad?
[10:41] {Threei}  very much so
[10:42] {Threei}  big offers get eaten too consistently to ignore
[10:42] {Geo} got .73
[10:42] {dawg} in fmcn 
[10:42] {Threei}  and with stop under .60? shrug
[10:42] {Onix} in fmcn .71
[10:42] {lisa_jay} target v adv
[10:42] {Threei}  I will take such trade any day on risk alone
[10:43] {Threei}  add nice shaped JBE and good tape with all the offers take, it's a "must" tarde
[10:43] {Threei}  half out
[10:43] {Geo} hmmm got .83 and ,88
[10:43] {Threei}  got .89
[10:43] {Geo} cool
[10:44] {lisa_jay} 15c thanks Vad.
[10:44] {Threei}  :)
[10:44] {Threei}  [10:38] {Threei} when it happens it will happen fast
[10:44] {Threei}  wasn't that prophetic
[10:44] {dino} gj
[10:44] {Threei}  ty
[10:44] {lisa_jay} Had to fight 3 year old for mouse too
[10:44] {Onix} gj
[10:45] {Threei}  where is line for prophet position
[10:45] {Geo} obama speaking n GM?
[10:46] {Threei}  come on lisa, get new mouse on Christams sales :)
[10:46] {Geo} you have to join the humble line first
[10:46] {Threei}  yes Geo
06[10:46] * Geo auditioning for a new style slap
[10:46] {Threei}  yes on Obama
[10:46] {lisa_jay} Sigh...have 3 on my desk.  Dora comes first.
[10:47] {Threei}  now, on humble line... I applied and was rudely rejected
[10:47] {Geo} lol
[10:47] {Threei}  they told me never in their life have they seen such mismatch
[10:47] {Threei}  I insisted that I was the most humble person in the world
[10:48] {Geo} you insisted and not oferred?
[10:48] {Geo} really humble vad
[10:48] {Threei}  maybe it was all the chest-drumming I did while saying that which killed my chances
[10:49] {Geo} whats your target fmcn vad?
[10:49] {Threei}  above 8
[10:49] {Geo} TY
[10:52] {dino} fdo l .50, stop .27
[10:55] {Threei}  half out Qs .64
[10:57] {dino} out fdo .63, +.13
06[11:03] * KSystems slaps Threei around a bit with a large private jet
[11:03] {Geo} nice KS
[11:03] {Threei}  that leaves big bruise
[11:03] {Threei}  but I appreciate the sentiment
[11:04] {Geo} reached 1X.... mayve i should just laze away
06[11:04] * Threei slaps laserdave1 around a bit with a large trout
[11:04] {Threei}  old fashioned fish
06[11:04] * Threei slaps laserdave1 around a bit with a large chart of uptrending market
[11:04] {Geo} wow FAF
[11:04] {Threei}  and fancy new slap
[11:04] {KSystems} you got mail, vad :)
[11:05] {ese} signing off everyone....out STLD .85 -.05  have a great day
[11:05] {Threei}  take care ese
[11:05] {ese} see ya vad
[11:05] {Geo} see ya ese
06[11:06] * Threei slaps KSystems around a bit with a large something of unknown shape or density
[11:06] {KSystems} thats it
[11:06] {Threei}  beautiful new script KS
[11:06] {Threei}  ty
[11:06] {KSystems} lol
[11:06] {Threei}  last time:
[11:06] {KSystems} yw
[11:06] {Geo} hey !
[11:06] {Geo} please share
[11:06] {Threei}  anyone who wants these new slaps, dcc me or Geo
[11:07] {Geo} enh ill make my own
[11:07] {Geo} i like the private jet
[11:07] {Threei}  sent geo
[11:10] {Threei}  anyone scared by Volcker addition?
[11:10] {Geo} not really
[11:10] {Geo} how low can we go?
[11:10] {dino} fdo l .37
[11:10] {Threei}  well, with him it's different question
[11:10] {Threei}  how high can rates go
[11:11] {Geo} i am sure he wont be given too much power
[11:11] {Threei}  it was Volcker who moved rates in the sky
[11:11] {Geo} obama hasnt been as leftist idealouge as people thought
[11:11] {Geo} till now
[11:12] {Threei}  jury is still out on that I'd guess
[11:12] {Geo} i envy you canadians
[11:12] {Threei}  that's because you never paid our taxes
[11:13] {Geo} i am sure youre all managing :)
[11:13] {Geo} i dont see yu guy emigrating here lol
[11:13] {Threei}  well, yu guy may be not
[11:13] {Geo} what i want is to trade american markets in canada with LLC overseas in austria
[11:14] {Geo} any news FAF vad?
[11:14] {Geo} its nuts
[11:14] {Threei}  no
[11:15] {dino} 4th q earnings
[11:16] {dino} mortgage default est.
[11:16] {dino} faf that is
[11:16] {Threei}  hmmm... I don't have it
[11:16] {dino} cyber
[11:17] {Geo} thanks
[11:17] {Geo} dino
[11:18] {dino} np
[11:18] {Threei}  out last FMCN 8.07
[11:19] {Onix} gj
[11:19] {Threei}  +.36
[11:19] {Geo} was impatient......out .98
[11:19] {Threei}  offering last QQQQ at .76
[11:19] {Geo} .33 cents TY vad
[11:19] {Threei}  out
[11:20] {Threei}  welcome
[11:20] {Geo} when did you enter Qs vad?
[11:20] {Threei}  .44
[11:20] {Geo} hmmm i missed that call
[11:20] {Threei}  ??
[11:20] {Geo} i entered and stopped out without filling
[11:21] {Threei}  10:22] {Threei} ok... as close to .40 Qs
[11:21] {Threei}  [10:22] {Threei} as you can get
[11:21] {Geo} ooooh
[11:21] {Geo} that one.... sorry
[11:22] {Geo} got that but sold early........43 to .60
[11:22] {Geo} heheh TY vad
06[11:22] * Geo will pay attention and stop surfing pr$$
[11:22] {dino} out fdo .48, +.11
[11:25] {dino} afam risky, sm l .25
06[11:26] * laserdave1 slaps Threei around a bit with a large trout
06[11:26] * Threei slaps laserdave1 around a bit with a large big figment of imagination
[11:27] {Geo} I love the one in which i enter anything i want
06[11:27] * Geo slaps Threei around a bit with a large with a basted turkey
[11:27] {Geo} sorry
06[11:28] * Geo slaps Threei around a bit with a large basted thanksgiving turkey
[11:30] {dino} risky, sm s faf .88
[11:31] {dino} faf news is just prividing data to industry, not meaningful, imo, we'll see
[11:33] {wishbone} Vad...Did you get admin message in laser: Nasdaq declared/revoked self-help against NYSE?
[11:33] {Threei}  yes
[11:33] {Threei}  they decided to duke it out?
[11:33] {Threei}  I want tickets to first row and popcorn
[11:34] {wishbone} hmmm
[11:36] {dino} cov faf .24, -.36
[11:47] {dino} out fdo .82, +.22
[11:49] {dino} all l .00
[11:54] {Geo} do we have half day today?
[11:56] {dino} no, friday
06[11:57] * magoo slaps Threei around a bit with a large trout
[11:57] {Geo} ahh sorry :)
[11:57] {Geo} magoo is outdated
06[11:58] * Geo slaps magoo around a bit with a large boat
[11:58] {magoo} hows day goiung?
[11:59] {Threei}  very nice... but Geo right, you are behind the curve in slap department
06[11:59] * Threei slaps magoo around a bit with a large new array of fancy slaps
[11:59] {magoo} how so
[12:00] {Threei}  ask Geo for new file with cool options :)
[12:00] {dino} out all .85 -.15
[12:00] {dino} give and take day for me so far
[12:00] {Threei}  FRE
[12:01] {Threei}  I think everyone lost count of billions and trillions injected
[12:03] {dino} xom sm s .55
[12:04] {Threei}  been a while since we saw new 52 week high alerts
[12:04] {Threei}  COGT
[12:08] {dino} xom bstop is .77 brb
[12:10] {Threei} Short Setup: QQQQ  .72 if stays below .80
[12:11] {magoo} working theoiry today vad?
[12:11] {Threei}  mostly sidelines I think
[12:12] {magoo} how come qid is down 3 times more than q is up?
[12:13] {Threei}  3? I see 6
[12:14] {magoo} is it amplified?
[12:14] {Threei}  yup
[12:15] {dino} cov xom .30, +.25
[12:18] {KSystems} I'm out of here for today
[12:18] {Threei}  take care KS
[12:19] {KSystems} Take care and have a relaxing holiday tomorrow!"
[12:19] {Threei}  have a good turkey
[12:19] {dino} cya ks
[12:19] {KSystems} no thanksgiving here...
[12:19] {Threei}  so what
[12:19] {dino} make one
[12:19] {KSystems} just piles of work :))
[12:19] {Threei}  celebrate ours
[12:19] {dino} yes, stuff your bellie
06[12:19] * KSystems slaps KSystems around a bit with a large Todo-Inbox
[12:20] {KSystems} I'll do my very best :) thank you all. Cya on Friday!
[12:24] {dino} chuncky sirloin burger soup, tasty 
[12:35] {dino} .
[12:41] {dino} all l .80, stop .68
[12:46] {dino} out all .92, +.12
[12:47] {Geo} i reversed Qs on .79
[12:47] {Geo} got my stop and a little more back
[12:47] {Threei}  good move
[12:47] {Geo} it felt up with little pull backs on way up
[12:47] {Geo} sold half .92
[12:48] {Geo} holding
[12:49] {dino} nice geo, like to hear the "it felt" talk, your gut is speaking to you
[12:49] {Geo} heheeh
[12:49] {Geo} thanks dino
[12:49] {dino} seriously
[12:49] {Geo} i think it only comes after a while
[12:49] {Geo} still elarning from u guys
[12:49] {magoo} u should hear what his arse is saying he he
[12:49] {dino} subconcious (spelling) is working
[12:50] {Geo} lol
[12:50] {Geo} magoo
[12:58] {magoo} any read GS vad?
[12:59] {Threei}  up
[12:59] {magoo} how high lol
[12:59] {Geo} sitting in C here
[12:59] {Geo} from .80
[12:59] {Threei}  15.80 or so
[13:00] {Threei}  75.80
[13:00] {Geo} gm doing good today
[13:02] {Threei}  GMneeds pullback to 5.40 at least
[13:02] {Geo} out half c .93
[13:02] {Threei}  I missed your entry geo
[13:03] {Geo} [09:59] {Geo} sitting in C here
[13:03] {Geo} entered just a few mins before that
[13:03] {Geo} sorry
[13:03] {Threei}  didn't want to share... I see
06[13:03] * Threei slaps Geo around a bit with a large roll of cash
[13:04] {Geo} the day you need pointers from me vad...................
[13:04] {Geo} lol
[13:05] {magoo} no UAUA today vad?
[13:05] {Threei}  it's not very active since morning
[13:05] {magoo} k
[13:06] {Geo} holding 200 sold 1/4 .97
[13:07] {Threei}  serious pullback GM
[13:07] {Geo} looks like with this market ill have to "work from home"
[13:07] {Threei}  13:02] {Threei} GM needs pullback to 5.40 at least
[13:07] {Geo} in vad?
[13:07] {Threei}  n, missed
[13:07] {Threei}  don't want to chase
[13:07] {Geo} ok
[13:08] {Threei}  want it around 5 now
[13:08] {Geo} ok
[13:08] {Threei}  possibly lower
[13:08] {Threei}  and will be quick to take scalp
[13:12] {Threei}  in
[13:12] {Threei}  .91
[13:12] {Threei}  stop under .80
[13:17] {Threei}  out 5.03
[13:17] {jmb} Thanks Vad
[13:17] {Threei}  :)
[13:21] {Threei}  chart wise, 5.05 becomes a long trigger if stays above 4.90
[13:21] {Threei}  hard to tell how reliable it is
[13:21] {Threei}  stock is hectic
[13:29] {Geo} am i here?
[13:30] {hawkfan4} no
[13:33] {Threei}  anyone seen Geo lately?
[13:33] {Geo} no
[13:34] {dino} sm s apol .70
[13:35] {dino} he's on ignore
[13:36] {Threei}  last time I tried to put magoo on ignore I accidentally ended up putting myself... was wondering why I couldn't see my own comments
[13:37] {Threei}  GM, probably one more dive under .50 will be another entry point
[13:46] {Threei}  and we were wondering where all that seling was coming from
[13:47] {Threei}  I'd guess that wasn't the only pension fund doing that
[13:49] {Threei}  GS new high
[13:49] {Threei}  still in magoo?
[13:50] {dino} grrr, apol rinsed out .02 -.32
[13:51] {magoo} scalped earlier
[13:51] {magoo} wheres a new entry?
[13:52] {Threei}  as close to 75 as it gets
[13:54] {Threei}  in .01
[13:55] {Threei}  half out.18
[13:56] {Onix} you are so nimble!
[13:56] {Threei}  yup
[13:57] {Threei}  I am in holiday mood
[13:57] {Threei}  nimbly nibbling
[13:57] {Threei}  .95 stop for second half
[13:57] {lisa_jay} Vad, in the GM trade earlier, did you have your exit price already in (.03) or did you wait for it to print first.  Thanks.
[13:58] {Threei}  ghit it as it topped around .005 and started downticking
[14:00] {Threei}  missed GS exit around .40
[14:02] {Threei}  earlier news:
[14:02] {Threei}  - two people killed, 10 hospitalized in five shooting incidents
[14:02] {Threei}  - note: it is currently 11pmET in Mumbai
[14:02] {Threei}  - follow up 1:25pmET: as many as seven attacks with automatic weapons and grenades now reported; death toll rises to 25
[14:02] {Onix} must be the holiday mood
[14:03] {dino} apol last try s .50 hl
[14:04] {Geo} sheesh
[14:04] {Geo} i think its safer in southcentral these days
[14:05] {Threei}  where?
[14:05] {Geo} southcentral los angeles
[14:05] {Threei}  but, haven't you heard?
[14:05] {Geo} where all the riots start
[14:05] {Threei}  russian analyst predicts USA breakdown by 5 countries
[14:05] {Geo} yeah i heard that
[14:06] {Geo} i predict i will be too rich to care
[14:06] {Threei}  and we know they are very accurate and objective
[14:06] {Threei}  they predicted ultimate rot of capitalism for 70 years
[14:06] {wishbone} lol is apparently not a ticker geo
[14:07] {wishbone} what 5 countries vad?
[14:08] {dino} all the a's
[14:08] {Threei}  4 corners and middle
[14:08] {Geo} magoo will rule the middle
[14:08] {Geo} lol vad
[14:08] {Geo} they really put a lot of thought into the dision didnt they
[14:09] {Geo} division
[14:09] {Threei}  certainly
[14:10] {Threei}  I want to rule South-West
[14:10] {Threei}  just for the pleasure of ordering Chaeron around
[14:10] {Geo} stand in line behind me and chaeron
[14:10] {Geo} you can take the northwest
[14:10] {Geo} youve captured victoria already
[14:11] {dino} sort of like the game risk
[14:11] {Threei}  I don't really care about your corner... my secret goal is to capture Hawaii
[14:12] {Geo} now why is it a secret vd?
[14:12] {Geo} do what the american did
[14:12] {Threei}  because I won't tell ayone until I have it
[14:12] {Geo} go there to do business and one fine morning finance a coup
[14:13] {Geo} apologize in 200 years
[14:13] {dino} coin toss says down
[14:14] {Geo} hmmmm no positive close into weekend?
[14:15] {dino} wednesday geo, :)
[14:15] {Geo} i was counting friday too
[14:17] {dino} apol stopped .73 -.23, done w/it
[14:17] {dino} coin wrong
[14:21] {Geo} ya should hav used gut and not coin dino
[14:23] {Threei}  I don't even know where to begin, lol
[14:24] {Threei}  CHK, half lot long 20 break if holding above 19.90
[14:25] {Threei}  C... 7 break
[14:26] {Threei}  if stays above 6.90
[14:30] {magoo} in C
[14:30] {dino} l fdo .65
[14:30] {dino} afam stop to .45 all dayer
[14:31] {magoo} in CHK
[14:31] {patience} in abx, hgu
[14:31] {dino} hod dji, throwing that coin away
[14:31] {patience} and gg
[14:32] {Threei}  C 1:1
[14:32] {magoo} out .14 TY
[14:32] {Threei}  CHK 1:1
[14:33] {magoo} out .11 TY
[14:33] {Threei}  YW
[14:33] {Threei}  YW
[14:33] {Geo} out .13 .11 half
[14:33] {Threei}  easy money
[14:33] {Geo} TY
[14:33] {Threei}  YW
[14:33] {magoo} wheres entry YW
[14:33] {Threei}  awww GS
[14:34] {magoo} i know SIGH
[14:36] {dino} well, at leastout 300 pt range
[14:36] {dino} our
[14:36] {Geo} we are in a poistive weekend closed
[14:36] {Threei}  last three days, easiest money in I don't know how long
[14:37] {patience} seems like old times
[14:37] {Threei}  and when I think of all those trillions to pour into markets when banks unlock the flow...
[14:37] {Threei}  mouth watering
[14:38] {dino} out afam, +.18
[14:40] {Threei}  funny... automakers come asking for 25 B, PTB demands plan and guarantees
[14:40] {Threei}  trillions meanwhile are being poured into banks with purpose to unlock the credit,
[14:40] {Geo} auto workers dont have their college buddies with their hands on the taps
[14:40] {Threei}  banks don't free the credit,
[14:41] {Threei}  and no one ever thinks of any kind of conditions and consequences to attach?
[14:41] {Threei}  now, I am bank,
[14:41] {Threei}  I am holding credit frozen,
[14:41] {Threei}  I am given hundreds of billions to do that
[14:42] {Threei}  but no one demands anything
[14:42] {Threei}  so, I am either to unlock that credit
[14:42] {Threei}  or sit and look pretty
[14:42] {Threei}  and more billions will be given.
[14:42] {Threei}  What I am going to do?
[14:43] {magoo} cnbc keeps saying 20% rally coming 
[14:43] {Onix} wait for some more billions to be given
[14:43] {Threei}  of course... and that's what we see
[14:44] {Threei}  CNBC got it all figured out eh
[14:44] {Threei}  not 15, not 30... 20
[14:45] {dino} 20% already happened in last 3 days
[14:51] {dino} out fdo .77, +.12
[14:52] {magoo} aapl assaualt on 95 RISKY
[14:52] {magoo} in .25
06[14:55] * Threei slaps magoo around a bit with a large assault rifle
[14:55] {magoo} magoo spits out bullets 
[14:55] {magoo} and teeth
06[14:56] * dino slaps magoo around a bit with a large trout
[14:56] {Threei}  geo, sell already second half C
[14:56] {magoo} wait .07
[14:56] {Threei}  sharp spike
[14:57] {Geo} ok
[14:57] {Geo} sold .29
[14:57] {Geo} hhehehe
[14:57] {Geo} forgot  about it
[14:57] {Threei}  FNM
[14:57] {Geo} reverse split
[14:57] {Threei}  yikes
[14:58] {magoo} 95
[14:58] {dino} then we will start shorting it again
[14:59] {Threei}  lol
[14:59] {magoo} out aapl
[14:59] {Threei}  beautiful day... raining money
[14:59] {Threei}  minimal risk
06[15:00] * Geo slaps Threei around a bit with a large unjinxing pillow
[15:00] {Threei}  what a change from hectic adrenalin-laced trading of last months
[15:00] {Threei}  that was good one geo
[15:00] {cosmo} got rid of some turkeys?
[15:01] {Threei}  you got about 70 cents on this AAPL trade magoo?
[15:01] {Geo} thank you.... Ill be here all day
[15:01] {Geo} i jumped in ADBE to follow Qs
[15:01] {Threei}  and no sharing again?
[15:01] {Geo} too fast vad :(
[15:01] {Geo} ok wont mention without entry
06[15:02] * Threei slaps Geo around a bit with a large writen agreement to share
[15:02] {Geo} okkkk crossed 2X
[15:02] {magoo} 75 vad
[15:02] {Geo} i can finally buy a turkey
[15:03] {Geo} lvs on fire
[15:03] {Threei}  and not much sweat mags
[15:04] {cosmo} thank the turkey lobby
[15:04] {Threei}  pullback time
[15:04] {Threei}  heck, even lame turkey HIG went up
[15:04] {Geo} chaeron missed this day
[15:05] {Threei}  shame
[15:05] {magoo} forgot what it was like vad
[15:05] {Threei}  we will have a lot more of this
[15:06] {lisa_jay} Hopefully.
[15:06] {Threei}  these slow climbing days are tough for traders who got conditioned for volatile up and downs
[15:06] {Onix} promise?
[15:06] {Threei}  but when we are in tune and expect this kind of rallies, these days are easy money makers
[15:07] {cosmo} Santa comes next
[15:07] {Threei}  yes onix... Fed promised it with tall those trillions
[15:07] {Threei}  tall = all
[15:07] {Threei}  that's insane amount of money sitting on sideline
[15:07] {Onix} ok
[15:08] {Threei}  look at the action
[15:08] {Threei}  market climbs 20% in three days with no good news in sight
[15:08] {Threei}  it just can't wait for any sign of relief to truly rally
[15:08] {Onix} incredible
[15:09] {Threei}  a lot of hands itching
[15:09] {Onix} true
[15:09] {cosmo} my teeth itch
[15:09] {laserdave1} dawg dcc please
[15:09] {Threei}  must be inconvinient cos...
[15:10] {patience} would hate to be a fund manager trying to improve the bottom line before the end of this month
[15:10] {cosmo} yes... during the day
[15:10] {Onix} yes patience, that is a tall order
[15:13] {Geo} you in any pos vad?
[15:13] {dino} fdo l .70
[15:14] {patience} canadian markets are open tomorrow, i'll be all by myself here.....  :(
[15:15] {cosmo} i'll break a wish bone for ya
[15:16] {dino} out .86, +.16
[15:16] {Onix} yes, i can not trade canadians with you
[15:16] {Onix} gj dino
[15:17] {Threei}  I am crying that I missed DRYS geo
[15:17] {Geo} pullback
[15:18] {Threei}  need deep one
[15:18] {Threei}  to about 5.20 or lower
[15:18] {dptl} have a good evening all....and happy hollydays...
[15:18] {Threei}  take care dp
[15:19] {dino} fdo s .85
[15:19] {Onix} small or short dino?
[15:21] {dino} cov .70, +.15
[15:21] {dino} s=short; l=long
[15:21] {Onix} ty
[15:22] {Threei}  here goes DRYS
[15:22] {Onix} sm=small?
[15:22] {dino} sm=sm, hl=half lot, nothing full lot
[15:22] {dino} small=sm
[15:22] {Onix} ty
[15:22] {dino} yes
06[15:22] * KSystems slaps dino around a bit with a large small lot
[15:22] {magoo} drys long 35 vad?
[15:22] {dino} been hitting fulls on it
[15:23] {dino} good pattern
[15:24] {Threei}  don't want to chase mags
[15:24] {Threei}  it bottomed at .25
[15:25] {dino} lol, rather a small fries
[15:27] {Threei}  jeex
[15:27] {Threei}  this thing in Mumbai
[15:27] {Threei}  it's not just a local attack
[15:27] {Threei}  multiple attacks all over the city
[15:28] {Geo} bloody jihadis
[15:28] {dino} worthless bastards
[15:28] {lisa_jay} Stupid politics too.
[15:29] {Geo} idiots... they never win and it gives govt cover to kill them in "encounters"
[15:29] {dino} burn 'em all ike, burn 'em all.....
[15:30] {dino} tombstone
[15:30] {Geo} shoot em all and let em be sorted out in afterlife
[15:30] {Threei}  MER
[15:31] {Threei}  I don't remember what the price was
[15:31] {dino} wrap them in pig skins
[15:32] {dino} must be a stock deal, not moving
[15:32] {dino} 50billion?
[15:32] {Threei}  so much happened since then, can't remember
[15:34] {Threei}  big jump BAC
[15:36] {Geo} assholes... were specificially looking to kill caucasians
[15:36] {Geo} trwo birds with one stone....... kill western people and cripple indian economy
[15:37] {dino} 3:40 push coming, imo
[15:37] {Geo} so indian and thailand are out for vacation this year.......
[15:38] {dino} afam l .60
[15:39] {Geo} wow de
[15:40] {Threei}  5.50 break DRYS if holding .40 and market helps
[15:45] {Threei}  got BAC at .10
[15:45] {Threei}  too fast to alert
[15:47] {Threei}  missed DRYS again, wanted it closer to .20
[15:47] {Threei}  this stock haunts me
[15:47] {Threei}  out BAC +.21
[15:48] {Onix} gj
[15:52] {dino} afam stopped -.35
[15:53] {Threei}  GM holding well into close
[15:54] {Threei}  if not for all this day off, half day, would be worth overnight
[15:58] {Threei}  Ok guys, thank you all
[15:58] {Geo} great day vad
[15:58] {Threei}  have a great Thaksgiving
[15:59] {Threei}  see you all on friday
06[15:59] * Geo slaps Threei around a bit with a large thank you postcard
[15:59] {Threei}  for s few hours of trading
[15:59] {Onix} ty for a great trading day Vad, have a good thanksgiving
[15:59] {patience} happy gobble gobble day guys
[15:59] {Onix} :)
[16:00] {magoo} have nice holiday all
[16:00] {dino} thx all, good job.
[16:00] {dino} happy thanksgiving to all
[16:01] {hawkfan4} enjoy

Tuesday, November 25, 2008

Nov 25 2008

Somewhat boring and mildly profitable day. Just 5 trades, 4 of them wins, 1 stop. Couple worked nicely, particularly UAUA for 40 cents. Boring though. Though profitable. Even though boring. But I am willing to yawn on my way to the bank.

Session Time: Tue Nov 25 00:00:00 2008

[08:11] {Threei}  Consensus expectations:
[08:11] {Threei}  - GDP Price Index: 4.2% v 4.2% last
[08:11] {Threei}  - Core PCE Q/Q: 2.9% v 2.9% last
[08:11] {Threei}  - GDP Annualized: -0.5% v -0.3% prior
[08:11] {Threei}  - Personal Consumption: -3.2% v -3.1% prior
[08:15] {Threei}  *FED TO BUY $100B IN GSE DEBT
[08:15] {Threei}  {FRE FNM}
[08:31] {Threei}  Q3 PRELIMINARY GDP ANNUALIZED: -0.5% V -0.5%E; PERSONAL CONSUMPTION: -3.7% V -3.2%E
[08:31] {Threei}  Q3 PRELIMINARY GDP PRICE INDEX: 4.2% V 4.2%E; CORE PCE Q/Q: 2.6% V 2.9%E
[08:35] {Threei}  C worth watching for pullback
[08:36] {Threei}  quite sustaned buying
[08:39] {hawkfan4} good morning vad, all
[08:39] {Threei}  good morning
[08:47] {dino} gm all, 4" of snow
[08:47] {Threei}  wow dino
[08:47] {Threei}  that's yikes
[08:47] {patience} i'll take your snow if you mow my lawn
[08:47] {patience} gm RT
[08:48] {Threei}  patience :)
[08:48] {Threei}  you are saying that only 'cause you never really cleaned the snow
[08:48] {dino} lol patience, but yeah, i'd take that trade
[08:48] {dino} i enjoy the mind numbness of mowing the lawn
[08:49] {patience} good, takes 2 hours to do it
[08:49] {Threei}  5 or 10 years?
[08:49] {patience} under a year
[08:49] {Threei}  how delusional are these guys?
[08:49] {dino} lol 5 or 10 years, i'm thinking this summer
[08:50] {Threei}  I will be pleasantly surprized if it takes more than one year
[08:50] {dino} tbt will be bought to play it
[08:51] {peterg} morning: no snow; might mow once more or forget it
[08:51] {peterg} takes 10 minute4s
[08:51] {Threei}  peter :)
[08:51] {Threei}  I did yesterday... next time will be in Feb I think
[08:51] {dino} 3 hours for mine peter, but its what i call "down time"
[08:52] {peterg} nice
[08:52] {peterg} off 2 day job; back in 2
[08:57] {dino} rtp smackdown
[08:57] {wishbone} gm
[08:58] {Threei}  wishbone :)
[08:59] {Threei}  C formed JBE
[08:59] {Threei}  .30 -.42
[08:59] {dino} watch the gap, imo
[08:59] {Threei}  premarket is not the best time for technical setups of course
[09:00] {KSystems} Good morning!
[09:01] {Threei}  KS :)
[09:04] {Threei}  UAUA
[09:05] {lisa_jay} Good morning.
[09:06] {Threei}  lisa :)
[09:13] {Geo} gm
[09:16] {Threei}  geo :)
[09:18] {dptl} good morning all
[09:19] {lisa_jay} 10 am Paulson and 12 Obama on news.
[09:19] {Threei}  dp :)
[09:19] {Threei}  yeah... talking heads add uncertainty
[09:21] {dino} ya think? lol
[09:21] {Threei}  well, look... having all these guys stating obvious left and right, I ahve to comptete somehow
[09:21] {Threei}  compete
[09:22] {Threei}  you have to agree - it's hard to beat the guy who says "we are in crisis"
[09:22] {Threei}  the best thing I could think of is, "today is Nov 25"
[09:28] {Geo} I guess we should trade today
[09:28] {Threei}  see? competition grows
[09:29] {Threei}  working assumption so far, pullback, then rally continuation
[09:30] {Threei}  watching UAUA for sharp pullback
[09:31] {Threei}  possible entry around 9.20
[09:32] {Threei}  wow
[09:32] {Threei}  what was that
[09:35] {Threei}  first attempt at entry, C around .20
[09:36] {Threei}  if not losing ,30 anymore then .40 break is entry
[09:36] {Threei}  more risky than pure pullback
[09:38] {dino} rimm blood
[09:40] {Threei}  hh?
[09:41] {dino} hmmmmmmm
[09:42] {dino} is it ever then?
[09:42] {Threei}  go out and shop to help economy?
[09:43] {lisa_jay} C still valid Vad? Buy at .20
[09:43] {Threei}  not price per se
[09:43] {Threei}  it's a support zone, need it to stabilize there
[09:44] {Threei}  and market to establish pullback bottom and start upward move
[09:44] {Threei}  neither happened yet
[09:46] {Threei}  if market shows strength here, let's modify play: .31 entry if stays above .20
[09:49] {Threei}  UAUA amazingly strong
[09:49] {Threei}  no pullback to speak of for entry
[09:49] {Geo} cal too
[09:53] {Threei}  JNPR
[09:53] {Threei}  watching for entry for bounce
[09:56] {Threei}  .91 if stays above .80 and market shows uptick
[09:58] {dino} sm s mcd .50
[09:59] {Threei}  let's trail C stop to .24
[10:00] {Threei}  JNPR over 1:1, half out, scalpers take profit
[10:00] {Threei}  NOV CONSUMER CONFIDENCE: 44.9 V 38.0E
[10:00] {Threei}  - prior revised from 38.0 to 38.8
[10:00] {Threei}  cool... consumers are confident
[10:00] {Threei}  lol
[10:01] {Threei}  and hey, they have all the reasons to be:
[10:01] {Threei}  - Asset-backed securities are essentially frozen
[10:01] {Threei}  can I see his toolbox?
[10:02] {dino} mcd stopped/cov .80, -.30
[10:02] {Threei}  more reasons for confidence:
[10:02] {Threei}  FDIC: TROUBLED BANK LIST GREW TO 171 IN Q3, V 117 Q/Q
[10:04] {Threei}  more from amazing Paulson:
[10:04] {Threei}  - The lack of consumer credit is weakening economy, asset-backed securities are essentially frozen.
[10:04] {Threei}  - Warns it will take time to work thorugh the many economic problems faced by the economy.
[10:04] {Threei}  - The $20B for consumer credit is targeted at reducing the cost of small business loans.
[10:04] {Threei}  I give up
[10:04] {Threei}  I am no master of stating the obvious anymore
[10:04] {Threei}  this beats anything I could ever come up with:
[10:04] {Threei}  Warns it will take time to work thorugh the many economic problems faced by the economy
[10:05] {hawkfan4} lol
[10:05] {Threei}  and if he alone was not enough to beat me:
[10:06] {Threei}  {--- crying
[10:07] {Threei}  C over 1:1, half out, scalpers take profit
[10:07] {dino} xom l .99
[10:13] {Chaeron} good morning all
[10:13] {Threei}  Chaeron :)
[10:17] {Threei} Long Setup:  DELL  .26 if stays above .15
[10:17] {Threei} Short Setup: ADBE  .74 half lot
[10:18] {Threei}  if stays below .90
[10:21] {Threei}  C UPDATE: UBS CUTS PRICE TARGET 54% TO $6.50
[10:21] {dino} wmt sm s .40, stop .70
[10:22] {Threei}  not delighted by ADBE action, let's trail stop to .86
[10:25] {dino} xom stopped -.38
[10:25] {patience} not my type of market today
[10:25] {dino} markets whippier today
[10:26] {dino} trouble here too patience
[10:26] {patience} paulson keeps talking, doesn't he know when to leave the stage
[10:26] {Threei}  his last days of limelight
[10:27] {Threei}  with Forbes calling him the worst Sec of Treas in modern times, gotta do some image repair I guess
[10:27] {patience} that i should have the chance to live on  his retirement income
[10:27] {patience} he's not hurting
[10:29] {Threei}  C 1:2, 1/4 more out
[10:30] {Threei}  offering last 1/4 at .63 with stop .39
[10:30] {lisa_jay} ADBE stopped
[10:30] {Threei}  yup
[10:31] {Threei}  speech is done
[10:31] {Threei}  do I hear "heck of a job Paulie"?
[10:32] {patience} i'm asleep, is the market alive still?
[10:33] {patience} that would be a 'no'
[10:34] {dino} alive, yes, rinsing me all over
[10:34] {dino} 77-124 range dji
[10:34] {Threei}  C stop to .44 for the last portion
[10:40] {Threei}  out C
[10:40] {dino} rimm -10%
[10:41] {peterg} should i get the blackberry storm?
[10:42] {Threei}  11/25/08 01:19am
[10:42] {Threei}  According to research firm Gartner, 2009 device sales volumes will see a single-digit contraction
[10:42] {Threei}  re: RIMM
[10:42] {Threei}  - Back on 10/17, the sales chief for Sony Ericsson said that he saw the handset market growing in 2009, although at a lower rate than the 10% growth seen in 2008.
[10:42] {Threei}  - Also, on 10/16, NOK's CEO would not comment on the 2009 handset market.
[10:42] {peterg} not if i buy the new phone
[10:42] {peterg} plus my kids new phones
[10:44] {dino} lol
[10:44] {Geo} my GOD MAN  !!!
[10:44] {Geo} how many kids do you have?????
[10:45] {peterg} probly not enuf
[10:45] {peterg} just feels like it
[10:45] {peterg} :)
[10:46] {peterg} ok going across street to look at new phone. Dont buy anything till I'm back
[10:48] {Threei}  come on
[10:48] {Threei}  we will load up on RIMM
[10:48] {Threei}  just tell us you are buying those phones
[10:49] {peterg} am trader; must watch first, then get setup, then make move
[10:49] {peterg} this will take hours
[10:49] {peterg} unless you tell me what to do now
[10:49] {Threei}  ok, short RIMM meanhwile then
[10:49] {Threei}  and cover on your buy
[10:49] {KSystems} play scalper for a day then, peter!
[10:50] {KSystems} take phone for 20 secs, then throw it back
[10:50] {peterg} very good!
[10:51] {Threei} Short Setup: RIMM  41 breakdown if stays under .20
[10:51] {Threei}  smaller shares
[10:53] {Threei}  over 1:1, cover half
[10:54] {dino} cov wmt .00, +.40
[10:54] {peterg} bad timing but made a dime, ty vad
[10:54] {Threei}  :)
[10:55] {Threei}  stop above .10
[11:01] {dino} sm l apol .89
[11:03] {Threei}  not very active day so far
[11:03] {Threei}  but we are 3 for 4 so far
[11:03] {Threei}  let' stay patient and picky
[11:05] {dino} apol stopped
[11:08] {Threei}  ADBE is holding oddly well
[11:09] {Threei}  will be my long candidate if market decides to reverse
[11:10] {Threei}  by the way guys, while it's quiet out there
[11:10] {Threei}  we have short day on Friday,
[11:10] {Threei}  probably just couple hours of effective trading if that
[11:10] {Threei}  after that I'll leave for the weekend,
[11:11] {dptl} and closed thursday ,right?
[11:11] {hawkfan4} good plan
[11:11] {dino} yes dp
[11:11] {Threei}  spend couple days in Tofino, hopefully lucky enough to watch winter storms
[11:11] {Chaeron} take some pics
[11:11] {Threei}  It's a half day drive
[11:12] {Threei}  so I will have to miss Monday
[11:12] {wishbone} ohhh you're gonna like that Vad!
[11:12] {Threei}  and be back with you on Tuesday
[11:12] {Threei}  I am looking forqard wishbone
[11:12] {Threei}  forward too
[11:12] {hawkfan4} Vad, what part of the island are you on?
[11:12] {dino} mcd sm l .15
[11:12] {Threei}  will you survive without me Monday?
[11:12] {Threei}  Victoria, hawk
[11:12] {Threei}  southern tip
[11:13] {hawkfan4} cool beans, looks beautiful
[11:13] {Threei}  sure is
[11:14] {Threei}  jimmyg... since your trial time falls on a short week, let's extned it till the end of the next one
[11:14] {Threei}  fair?
[11:15] {wishbone} Vad, at the Wicanninnish Inn they have speakers in the rooms so you can hear the ocean
[11:15] {Threei}  cool
[11:15] {Threei}  I am staying at Middle beach lodge
[11:16] {wishbone} oh not sure where that one is
[11:16] {Threei}
[11:18] {peterg} ok, back, bought the blackberry storm for delivery 12/1
[11:18] {peterg} 12/15. 
[11:18] {peterg} heavily discounted but enuf to spur uptick
[11:18] {peterg} in rimm
[11:18] {Threei}  ok, long
[11:19] {Threei}  how much is the monthly plan peter?
[11:19] {peterg} plus $30 for data plan; on top of existing family plan
[11:19] {peterg} plus text packages for college kids
[11:20] {peterg} i'll be at about $180 for four phones
[11:20] {peterg} maybe 170
[11:21] {peterg} rimm going down; they saw I paid 150 for phone, not 200 or 250
[11:24] {Threei}  argh
[11:24] {Threei}  forgot about DELL :(
[11:24] {Threei}  watch for pullback
[11:24] {Threei}  anyone took .26?
[11:27] {peterg} nope; in fantasyland about new phone
[11:27] {peterg} happiness at last
[11:27] {peterg} forever
[11:27] {Threei}  lol
[11:28] {dino} lol
[11:29] {Threei}  so how come you all ignored DELL?
[11:30] {Threei}  OK, I have ADD... but whole room can't be this way, can it?
[11:30] {wishbone} changed windows from dell to adbe
[11:30] {hawkfan4} lol, trading minis right now
[11:30] {wishbone} :( cause that was a sweet call!
[11:30] {Geo} these guys werent ignoring dell 
[11:31] {Threei}  ah
[11:31] {hawkfan4} and I also have ADD
[11:31] {Threei}  I got it
[11:31] {Threei}  they were ignoring me
[11:32] {peterg} I didn't want to say it.
[11:32] {peterg} not nice
[11:32] {peterg} i am always nice
[11:33] {peterg} just ask wife
[11:33] {Geo} see how I said "these guys" ?
[11:33] {Threei}  that's OK peter
[11:33] {Threei}  I don't do nice well
[11:33] {Threei}  and fairly comfortable with being ignored
[11:33] {Geo} just ask his wife
[11:33] {Geo} lol
[11:34] {peterg} looking at best buy black friday specials
[11:35] {peterg} if they have to sell this stuff to stay in bsns, watch out
[11:35] {Threei}  you can ask her geo, but she is almost sure to ignore you
[11:35] {Geo} nah vad it was just aplay on the following
[11:35] {Geo} [08:33] {peterg} just ask wife
[11:36] {Geo} i was going to be in seaworld on thanksgiving.... drat.....
[11:36] {Geo} the only 2 days of the year its going to rain
[11:36] {Threei}  and I played on the idea that she is so well trained to ignore me... and don't you hate jokes explained, lol
[11:36] {peterg} let me explain why this is funny...................
[11:36] {Geo} kill me know
[11:37] {peterg} what about seaworld?
[11:37] {Geo} san diego
[11:37] {peterg} why not go?
[11:37] {Geo} newer rains but is those 2 days
[11:37] {Threei}  fabulous place
[11:37] {peterg} aside from boring for those over 10
[11:37] {Geo} probably my 6th time
[11:37] {Threei}  eeck
[11:37] {peterg} or iam thingking of place in fla.
[11:37] {peterg} run down decrepit
[11:37] {Geo} hwy what are you going to do aith a 2 and 4 year old
[11:38] {peterg} maybe not seaworld, but something else
[11:38] {Geo} sea world san diego is nice
[11:38] {peterg} right geo, good plan
[11:38] {Threei}  very
[11:38] {Geo} and the annheiser bush  helps too
[11:38] {Threei}  killer whale show is something
[11:38] {dino} out mcd .65, +.50
[11:38] {Threei}  oh come on DELL, pull back, will ya
[11:38] {Geo} hawk dcc pls
[11:39] {Threei}  wtg dino
[11:39] {Geo} nice dino
[11:39] {dino} ty
[11:42] {Geo} does this qualify as pullback?
[11:43] {Threei}  barely
[11:44] {Threei}  setup on a break is valid technically speaking... but I am so hesitant to chase anything in this market
[11:55] {dino} sm l rimm.98
[11:58] {Geo} obama speaking on economy at 12
[12:00] {Threei}  here he is
[12:04] {Threei}  lol
[12:04] {Threei}  Vegetarian is an old Native American word for "bad hunter"
[12:04] {wishbone} lol
[12:04] {hawkfan4} lol
[12:08] {wishbone} is that joke a registered trademark of Vad Graifer Incorporated? 'Cause I'd liek to use it first chance iget
[12:09] {Threei}  nah... use it freely
[12:09] {Threei}  lifted it myself
[12:11] {Threei}  about the only thing I copyright is this:
[12:11] {Threei}  yawn ©
[12:11] {KSystems} still looking for an attorney help me put a patent on my salmon-flavoured coffee syrup
[12:11] {KSystems} but well
[12:11] {KSystems} no chance
[12:11] {wishbone} yum
[12:14] {Threei}  I think the more president-elct learns about the state of economy the more he wishes he were back on campaign trail
[12:15] {wishbone} jan 21, 2009 NEws Headline: The President was found whimpering on the Oval office floor curled up in the fetal position
[12:15] {dino} don't kid yourself, this is the ultimate power trip
[12:16] {brian3579} Have a good holiday all be back in a little more than a week off to Florida to get married
[12:16] {Threei}  congratulations brian, have a safe trip
[12:16] {patience} congrats brian, the very best to both of you
[12:16] {hawkfan4} wow, congrats
[12:16] {Threei}  enjoy!
[12:16] {Geo} congrats brian
[12:16] {wishbone} congrats brian
[12:16] {Geo} see vad..........
[12:16] {Geo} he beat your weekend trip didnt he?
[12:16] {Threei}  sure did
[12:17] {brian3579} ty all 
[12:17] {Threei}  I am NOT getting married on mine
[12:17] {Threei}  I actually considered it but wife objected
[12:17] {peterg} AP- After several days without luck, astronauts finally ran a successful test on equipment that turns urine into drinking water - a necessity for supporting the international space stations's crew, which will soon double.
[12:17] {Threei}  brian... no computer access for a week
[12:18] {peterg} congratulations brian
[12:18] {dino} congrats brian
[12:18] {brian3579} going to leave all computers home 
[12:19] {Threei}  no laptop?
[12:19] {Threei}  not entering internet cafes?
[12:19] {Threei}  not using business center in hotel?
[12:19] {Threei}  not watching CNBC?
[12:19] {brian3579} we had a long talk about this last night lol
[12:19] {Threei}  those are all necessary conditions for a happy start of family life :)
[12:20] {dino} lol
[12:23] {peterg} dino--what is the trajectory of the dj for rest of day?
[12:24] {peterg} & where end?
[12:25] {dino} lol
[12:25] {dino} gut says range bound between -100 to +80
[12:25] {peterg} seems reasonable
[12:25] {dino} gut is full of ham sandwich though, so may be a bit "off"
[12:26] {peterg} think ill get lunch too
[12:26] {dino} feels like it's a scalpers day
[12:26] {peterg} little bit here, little bit there
[12:27] {dino} yes
[12:34] {peterg} ok lunch, chicken chili soup w black beans
[12:40] {dino}  mcd l .88
06[12:41] * magoo slaps Threei around a bit with a large trout
[12:41] {Threei}  wow
[12:41] {Threei}  that was sneaky
[12:42] {Threei}  hi mags
[12:42] {Threei}  but look how I can rehabilitate myself:
06[12:42] * Threei slaps laserdave1 around a bit with a large trout
06[12:42] * Chaeron slaps laserdave1 around a bit with a large trout
06[12:42] * Chaeron slaps magoo around a bit with a large trout
[12:45] {peterg} some one pushed my buy button for rimm;
[12:45] {peterg} made a dime
[12:45] {peterg} nearly freaked
[12:45] {magoo} makingany $$
[12:45] {Threei}  yesterday was pure beauty
[12:45] {peterg} 300 sh
[12:45] {Threei}  today is boring but still profitable, 3 for 4
[12:46] {peterg} plus ghost trade
[12:46] {Threei}  peter... got ghosts?
[12:46] {Threei}  lol
[12:46] {dino} stop  mcd
[12:46] {peterg} it seems to
[12:46] {peterg} so
[12:47] {magoo} i knew yester would be goo with me out
[12:47] {Threei}  incredibly calm and confident day yesterday, not seen since I don't know how long
[12:49] {magoo} grrrrrrrr
[12:49] {dino} seems i'm wrong broke the -100
[12:50] {peterg} ham factor
[12:50] {dino} lol
[12:51] {dino} rimm stopped -.30
[12:54] {Threei}  YAYA sizeable pullback
[12:55] {Threei}  UAUA
[12:55] {Chaeron} lol
[12:55] {Threei}  watching for bounce scalp if market bounces
[12:55] {Threei}  lol
06[12:55] * Threei slaps Chaeron around a bit with a large trout
[12:55] {Chaeron} heheh... worth it
[12:59] {Threei}  teleportation into .40s is coming it seems
[12:59] {Chaeron} ?
[13:00] {peterg} for uaua
[13:00] {Threei}  or yaya
[13:00] {peterg} likie yaya
[13:00] {Threei}  not worse than LULU
[13:00] {Chaeron} .40's? as in short?
[13:00] {Threei}  or favorite chaeron's stock ZIXI
[13:00] {Threei}  no
[13:00] {Chaeron} I love saying that symbol...
[13:01] {KSystems} wasnt there a symbol GRRR once?
[13:01] {Threei}  for a quick entry for bounce scalp
[13:01] {Chaeron} no that's just Threei getting mad
[13:01] {Threei}  there was RRRR
[13:01] {Threei}  seriously
[13:01] {Threei}  in 1999
[13:07] {magoo} u in ua ua?
[13:07] {magoo} or ya ya 
[13:07] {magoo} ya ya sisterhood 
[13:07] {magoo} of revolving jeans
[13:08] {Threei}  no mags
[13:08] {Threei}  expected one more leg down before bounce
[13:09] {Threei}  evolving jeans?
[13:09] {Threei}  where the heck is this coming from?? :)
[13:09] {magoo} any news rimm aapl vad?
[13:09] {Geo} obviously vad doesnt read popular literature
[13:09] {Threei}  not really, there was some piece in the morning about weakening demand for their devises
[13:10] {magoo} ah ty
[13:10] {Threei}  but then peter went and bought 4 phones
[13:10] {magoo} yes,,sisterhood of ya ya
[13:10] {Threei}  so that was aleviated
[13:10] {peterg} but i bought one
[13:10] {peterg} just one
[13:10] {peterg} kids can use bricks 
[13:10] {Geo} in ,54 out .64 on lot
[13:10] {Threei}  Geo... I do my best to catch up on cultural references
[13:10] {Threei}  but it's a long way you know
[13:11] {Geo} had gooten in long ago on NQ uptick.... cant even remember when
[13:11] {Threei}  up to 35 I read only what was translated to Russian (or written in it of course)
[13:13] {Geo} i just know em from the books that passes my wife's deks
[13:13] {Geo} desks
[13:15] {peterg} uauauauauauauuauauauauau
[13:15] {peterg} what?
[13:15] {peterg} cries of frustration
[13:16] {peterg} Vad: being bored is good
[13:16] {peterg} better bored than gored
[13:16] {peterg} new motto for trading room
[13:20] {magoo} vad...why was GS as high as 74? news?
[13:20] {Threei}  nah
[13:27] {Chaeron} ADBE
[13:27] {dino} spike
[13:27] {dino} why not magoo, why not
[13:28] {Threei}  guys, for you to digest, before details are available
[13:29] {dino} ?
[13:29] {Threei}  APPROX APRIL 4 TO 13, 2009
[13:29] {Threei}  At Atlantis Convention Centre, Coral Towers, Nassau, Bahamas
[13:29] {Threei}  trading conference with a lot of seminars and other stuff
[13:30] {Threei}  I will let you know when details are worked out, and I know exactly number of my seminars
[13:30] {dino} ok
[13:30] {Threei}  for now just have a look at your schedules
[13:30] {Threei}  think if such vacation fits in your plans
[13:32] {magoo} vad..poewer up here
[13:34] {dino} bj l sm .90, stop lod
[13:36] {Threei}  DELL probably desrves a shot if market continues up
[13:37] {Threei}  .64-.65 long
[13:37] {magoo} full?
[13:37] {Threei}  sure
[13:37] {Threei}  seriably if holding above .55
[13:37] {Threei}  desirably
[13:39] {peterg} mkt is gooey
[13:39] {Chaeron} mmmmmmmmmmmmmm goooooooey......
[13:40] {peterg} warm melting choc fondue, etc
[13:41] {Threei}  so far so good, held .55
[13:41] {Threei}  need strong market push now
[13:42] {Threei}  for break and continuation
[13:43] {peterg} dribble..........
[13:44] {Threei}  no push
[13:44] {Threei}  yet
[13:44] {peterg} hope plotzes eternal
[13:45] {peterg} eyes glazing over
[13:45] {peterg} brain cells slowly winking off
[13:46] {Threei}  my brain cells when I demand something from them answer: hey, what do you want from us, we are very grey matter
[13:46] {peterg} lol
[13:46] {peterg} dark matter
[13:47] {peterg} black hole
[13:47] {peterg} anti matter
[13:47] {peterg} whats the matter
[13:47] {peterg} better take a break BRB
[13:51] {peterg} ok what do the witches say, "Boil & bubble, toil and trouble?"
[13:51] {Chaeron} peter needs a vacation....... Vad? take him with you?
[13:52] {peterg} Thks chaeron, going to miami beach tmo
[13:52] {Chaeron} great! drive to the Key West
[13:53] {peterg} probly just walk beach up & down wih  rest of old folks
[13:53] {peterg} pick out shiny red walker with bell and brake
[13:55] {peterg} borrow mo-in-law's std aluminum model
[13:56] {peterg} ok, I'll take my morbid ideas off for a while, do some day job. Back for the close. Have fun, make money
[14:13] {Threei}  ok guys, are you ready for some serious laughter?
[14:13] {Threei}  analyzing traffic stats for RT,
[14:14] {Threei}  guess what word is in first thirty,
[14:14] {Geo} gooey?
[14:14] {Threei}  much higher than let's say word "chart"
[14:14] {Geo} trout?
[14:14] {Threei}  you got it
[14:14] {Geo} lol
[14:14] {Threei}  from now on, everyone substitutes chart for trout
[14:14] {Geo} from now on..... this is what i use
06[14:15] * Geo throws scalping money on vad
[14:15] {Threei}  you are getting me fishermen instead of traders!
06[14:15] * KSystems slaps Threei around a bit with a large chart
06[14:15] * Geo slaps vad with his scalping dollars
[14:15] {Threei}  that's it
06[14:16] * Geo slaps Threei with a bundle of cash
[14:17] {Geo} nah not as good as trout
[14:18] {Geo} oh my god !!!!!!!!!!!!!!
[14:18] {Geo} MCD raised prices of burger to 1.19
[14:18] {Geo} thats a bloomberg headline
[14:19] {dino} what happened to deflation
[14:20] {Threei}  we are going for reflation now
[14:21] {dino} risky wide sm l deck .72
[14:33] {Threei}  what an unbelievable yawn© today
[14:38] {Raven}  MCD burgers are not food
[14:44] {Threei}  if market climbs slowly, UAUA .50 break long
[14:45] {Threei}  with stop under .40
[14:45] {dino} out deck .22, +.50
[14:45] {Threei}  good one
[14:45] {dino} ty
[14:45] {wishbone} nw
[14:51] {laserdave1} dawg dcc please
[14:56] {magoo} i yaya
[14:56] {Threei}  took .45
[14:56] {dino} all sm l .22
[14:56] {Threei}  it gave delay when NQ spiked
[14:56] {Threei}  so I grabbed it aggressively
[14:56] {Geo} entered cal .12
[14:58] {Threei}  {GM F}
[14:58] {magoo} greem
[14:58] {Threei}  half out
[15:01] {Threei}  it it teleports quickly into support, going to get that half back
[15:01] {magoo} over 11  target?
[15:02] {Threei}  if market stages strong rally, quite possibly
[15:04] {Threei}  offering 1/4 more .75
[15:04] {Threei}  hit
[15:04] {magoo} out here .78 TY
[15:04] {Threei}  last portion .90
[15:04] {dino} out bj .30, +.40
[15:04] {Threei}  welcome sir
[15:04] {lisa_jay} .22 on UAUA thanks Vad.
[15:04] {Threei}  lisa :)
[15:04] {Geo} still in half cal from .12
[15:04] {dino} all stop to .62
[15:04] {Threei}  anyone else took YAYA, sibling of LULU and cousin of ZIXI?
[15:05] {jmb} Thanks Vad UAUA
[15:05] {Threei}  jmb :)
[15:05] {dino} out all .72, +.50
[15:06] {wishbone} uaua +.16-.20 ty 3i
[15:06] {dino} apol sm l .00
[15:06] {Threei}  good job guys
[15:06] {Threei}  sleepy or not, you are focused
[15:07] {Geo} all out .47
[15:07] {Geo} TY vad
[15:07] {Threei}  welcome
[15:07] {Threei}  even though it's kind of derivative from my call, I'll take the credit
[15:07] {dino} stop apol, -.20
[15:07] {Geo} exactly was using your timing
[15:08] {Threei}  even if you weren't, I'd take the credit anyway
06[15:08] * Geo slaps Threei a bit with bundles of cash
[15:08] {Threei}  I am credit-hogger
[15:09] {Threei}  out last portion .85
[15:09] {Threei}  +.40
[15:09] {wishbone} nice
[15:09] {Threei}  wow, what happened to our market climb
[15:09] {Threei}  who unplugged the market?
[15:09] {Threei}  stop tripping over the cord guys
[15:10] {dino} opps
06[15:18] * Threei slaps dptl around a bit with chart of a climbing market
[15:19] {dptl} :)
[15:21] {Threei}  just wanted to suggest you stop drinking and playing with buttons Market Up and Market Down
[15:23] {dino} market hasn't done the 300 pt ange yet today
06[15:24] * KSystems slaps Threei around a bit with a large trout
[15:25] {Threei}  hey, we decided to do away with fish
[15:26] {Threei}  chart of uptrending market
[15:26] {Threei}  scalping setup
[15:26] {Threei}  pile of cash
06[15:26] * Geo slaps Geo with scalping for studs book
[15:26] {Geo} can you add a few automated one vad?
[15:28] {Threei}  looking into it
[15:30] {Threei}  hmmm
[15:30] {Threei}  news item fro AKNS, solar stock caught my attention
[15:30] {Threei}  Comerica?
06[15:30] * KSystems slaps Geo around a bit with a large roll of cash
[15:30] {Threei}  doesn't remind you anything?
[15:30] {Geo} nice
[15:31] {Threei}  come on... dino, magoo
[15:31] {magoo} huh?
[15:31] {Threei}  Seinfield?
06[15:31] * KSystems slaps Threei around a bit with a large Master Profit Plan
[15:32] {Threei}  How did Kramewr called his enterprise?
[15:32] {Threei}  Kramer
[15:32] {magoo} oh HE HE
[15:32] {hawkfan4} Kramerica
[15:32] {Threei}  yes sir :)
[15:33] {hawkfan4} maybe AKNS should work on developing a big rubber ball of oil
[15:34] {Threei}  there you go
[15:34] {dino}  lol
[15:35] {Threei}  see geo... at least some parts of culture I soak in... especially when it's about nothing
[15:35] {Geo} :)
[15:35] {Geo} if you havent read sisterhood of the travelling pants\
[15:35] {Geo} youre not accultured
[15:36] {dino} layn l .02
[15:41] {patience} no trades for me today, talk about feast or famine
[15:44] {Threei}  C
[15:44] {magoo} wqere up 100 dino
[15:45] {Geo} decent day...... broke my 1X (200)
[15:46] {lisa_jay} Geo what is your trade size...for full, half and small.  Thanks.
[15:46] {dino} gj geo
[15:46] {Geo} these days 400 or less
[15:46] {Geo} got greedy too fast and paid for it so... on a diet
06[15:47] * Geo hits himslef on head with MPP scaling chapter as a nod to vad
[15:47] {lisa_jay} Yeah.  Choppy few weeks.
[15:49] {dino} 400/day is a lot of money annualized
[15:49] {Geo} no dino.... 400 is lot size
[15:49] {Geo} goal is 200 for this year
[15:49] {dino} ok, lol
[15:49] {dino} missed that
[15:49] {magoo} goal is 200 loty size?
[15:50] {lisa_jay} sigh.
[15:50] {lisa_jay} sorry i started it :-)
[15:50] {Geo} goal is lots of size magoo :)
[15:50] {dino} out layn, .12, +.10
[15:50] {Threei}  goal is $200/year
06[15:50] * Geo slaps magoo with vanison chop
[15:50] {Geo} ven
[15:51] {Threei}  learn to read finally magoo
[15:51] {Threei}  see:
[15:51] {Threei}  15:49] {Geo} goal is 200 for this year
[15:51] {Geo} 200k vad
[15:51] {Geo} youre confused
[15:51] {dino} so a buck a day give or take
[15:51] {Geo} heheheh
[15:51] {dino} roflol
[15:51] {Geo} i am striving.....
[15:52] {Geo} i suddenly want a red robin burger........
[15:53] {Raven}  Red Robin burger are food
[15:53] {Geo} hey dino you heard about that lady in Penn?
[15:53] {dino} nope
[15:53] {peterg} ok, any last minute scalpes?
[15:53] {Threei}  too jerky
[15:53] {Geo} the one who is suing a sheriff who revoked her license as she was packing a revolver in kids basketball game
[15:53] {dino} layn thinking peter
[15:54] {magoo} robin burger tastes too jerky?
[15:54] {Threei}  ok, trying new scripts
[15:54] {Raven}  sigh
[15:54] {dino} oh yeah, thats only 45 min. from me, big group of them
[15:54] {Threei}  who volunteers?
[15:54] {Geo} interesting group dino
06[15:54] * Threei slaps Geo around a bit with a large roll of cash
06[15:54] * Threei slaps Geo around a bit with a large scalping course
[15:54] {Geo} nice
06[15:54] * Threei slaps Geo around a bit with a large daytrading course
06[15:54] * dptl slaps Geo around a bit with a large trout
06[15:54] * Threei slaps Geo around a bit with a large Master Profit Plan
[15:55] {Geo} hey how do we get this????
[15:55] {dino} missed layn peter
[15:55] {dino} wanted .94
[15:55] {Geo} well all make our own
[15:55] {peterg} yep thiks
[15:56] {Threei}  I will send it when it's fully done Geo
[15:56] {Threei}  easy to do
[15:56] {Geo} cool
[15:56] {Geo} ill add my own content
[15:57] {peterg} uhoh
[15:57] {peterg} what u thinking
[15:57] {peterg} geo
[15:57] {magoo} ty guys..made some cake
[15:57] {Threei}  his imagination revolves around fifferent types of fish peter
[15:57] {magoo} fresh out of the woos
[15:57] {dino} ok, at .02 peter
[15:57] {peterg} squid
[15:57] {magoo} woods
[15:58] {Threei}  mags :)
[15:58] {peterg} ok?
[15:58] {peterg} no such symbol
[15:58] {magoo} makes me feel less guilty missing work vad
[15:59] {Geo} i cant think of amything except redrobin right now peter
[15:59] {dptl} have a good evening all
[15:59] {dino} out .14, +.12
06[15:59] * Threei slaps Geo around a bit with a large chart of uptrending market
06[15:59] * Threei slaps Geo around a bit with a large book of Techniques of Tape Reading
[15:59] {Geo} lol
[15:59] {Threei}  OK, now it's ready
[15:59] {dino} you get that peter
[16:00] {peterg} no, what?
[16:00] {dino} layn
[16:00] {Threei}  magoo... less guilty???
[16:00] {peterg} dam missed
[16:00] {peterg} thanks dino you da man
[16:00] {Threei}  ugh, he left
[16:00] {magoo} yeah...missed monday
[16:00] {dino} just trying to do my job
06[16:00] * Threei slaps magoo around a bit with a large chart of uptrending market
[16:00] {dino} had a nice pattern for size
[16:00] {Threei}  Ok guys, thank you all
[16:01] {Geo} ty all
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {peterg} Ill see you tuesday vad
[16:01] {Threei}  be safe peter
[16:01] {peterg} maybe fri am, but i think you are off
[16:01] {peterg} you too big guy
[16:01] {magoo} good nite all...and to all a good nite
[16:01] {Threei}  I'll be here in the morning
[16:02] {dino} i'm here fri, off mon and tues
[16:02] {magoo} im out until noon tomorrow

Monday, November 24, 2008

Nov 24 2008

Beautiful calm strong day. Not much of hectic action except last 10-15 minutes. Just one small stop at the beginning of day, the rest of trades worked like charm, and many for much more than scalps. Notably, GG for $1, QQQQ for 50 cents, etc. Nice to see normal action for a change. Got a whiff of what was coming early:

{10:09}  my impression of market action is, it wants to climb the wall of worry today. Barring news, feels like we are in for a nice upside move

... and stayed with it, catching second leg of the rally just in time:

{13:58}  feels like market gathering forces and probing ground for another powerful rally. One more pullback is likely before main push comes.

Worked out like a clockwork.

Session Time: Mon Nov 24 00:00:00 2008

[08:20] {Threei}  11/23/08 11:31pm
[08:20] {Threei}  - The government plans to inject a further $20B in Citigroup, although it will charge a higher interest rate for the injection (8% for first few years).
[08:57] {wishbone} gm
[08:57] {Threei}  wishbone :)
[08:59] {hawkfan4} good morning
[09:00] {KSystems} Good morning!
[09:00] {Threei}  KS :)
[09:00] {Threei}  hawk :)
[09:01] {lisa_jay} Good morning.
[09:02] {Threei}  lisa :)
[09:07] {Geo} gm
[09:08] {Threei}  Geo :)
[09:09] {cosmo} wonderfull...
[09:09] {Threei}  yeah
[09:10] {Threei}  "after long and torturous negotiations we came to conclusion that Chicago hot dog is preferable to New York steak"
[09:11] {Threei}  that would give marjet a clear message that all is fine
[09:11] {ese} good morning all
[09:11] {Threei}  ese :)
[09:11] {cosmo} i used to read the news... now i read the Desiderata
[09:12] {lisa_jay} My platform gives message: RULE 48 invoked today .
[09:13] {ese} OHHHH NOOOO!!!!! Paulson to speak again........prepare for the 1000pt tank in the market....can't the 2 of them just shut up for a while....
[09:13] {Geo} you have to prepay your stock taxes lisa
[09:13] {lisa_jay} :-)
[09:16] {Threei}  C will probably be one of the most promising (and dangerous) players today
[09:17] {dino} gm all
[09:17] {Threei}  dino :)
[09:18] {dino} hotdogs vs steak, interesting conversation today
[09:18] {Threei}  gotta start a week somewhere...
[09:19] {Threei}  and this is short one
[09:19] {cosmo} turkey dogs?
[09:19] {Threei}  so I try to cover a lot of topics in a shortest time possible
[09:23] {dino} had hotdogs and beans at hunting cabin last night, have to say, i've missed them
[09:24] {dino} so the big question, does the open gap up get filled as usual/
[09:25] {Threei}  they've been filled so regularly for so long, at some point market should stp doing that in order to kill too comlacent traders that xcontinue bet on it
[09:25] {Threei}  whether it's today or not is anyone's guess of course
[09:25] {Threei}  but feels like we have a good chance today
[09:26] {cosmo} QID investors beware..
[09:27] {Threei}  anyway, let's not guess and go with action
[09:27] {Threei}  market acts especially nasty on Mondays lately
[09:27] {Threei}  a lot of chop chop
[09:28] {dptl} good morning all
[09:28] {Threei}  dp :)
[09:28] {dino} we must make lots of $ today so we can tease magoo for slacking off
[09:29] {Threei}  where is he?
[09:29] {Threei}  deer hunting?
[09:30] {Threei}  C bounce off 5.70
[09:31] {ese} L.. AAUK .48
[09:32] {Threei}  if not losing 5.90 anymore, 6 break is long trigger
[09:34] {Chaeron} Good morning all
[09:34] {Threei}  chaeron :)
[09:35] {ese} CCCCCHHHHHH.....
[09:35] {ese} that felt god
[09:35] {ese} hadn't done that in a while
[09:35] {Geo} filled .02 stopped
[09:36] {ese} out aauk......-.02
[09:36] {ese} thought it had enough to strength to carry on up
[09:37] {lisa_jay} stopped c
[09:37] {Chaeron} hey ese... :) 
[09:37] {Threei}  market is locked in 5 points range
[09:37] {ese} ch
[09:37] {Threei}  neds break to define direction
[09:40] {dino} needs gap fill imo
[09:40] {Threei}  ADBE strangely strong
[09:41] {Threei} Long Setup:  ADBE  22.10 break if stays above 21.9o, with market bounce
[09:43] {dino} bj, mcd, wmt all going neg
[09:44] {ese}  LOng Hero .81
[09:44] {ese} 1/2
[09:45] {ese} stop .69
[09:46] {dino} uso dropping es
[09:47] {ese} ya
[09:47] {ese} not lookin god here
[09:48] {Threei}  ok market, let's bounce some
[09:48] {Threei}  hardcore scalpers can keep ADBE stop around .95
[09:49] {dino} wmt sm l .70, stop lod
[09:53] {ese} want Hero to bounce like USO.....
[09:55] {Threei}  masrket is in bad need of some coffee
[09:56] {ese} indeed
06[09:56] * Threei kick ADBE in the rear
[09:56] {Threei}  and I am in bad need of typing lessons
[09:57] {Threei}  did I manage any single line today with less than 2 mistypes?
[09:57] {ese} Mavis Beacon typing daughter is using it
[09:58] {ese} Ok uso bouncing....what about HERO??
[09:58] {Threei}  Attention:  ADBE  half out here
[09:58] {dino} all this hero talk making me hungry
[09:58] {Threei}  scalpres take your profits
[09:58] {ese} ack acka dak....dak acka ack.......sometimes works
[09:59] {Chaeron} took +0.12 on ADBE   in at .11, out at .23  Thanks Vad
[09:59] {dino} all sam l .25
[09:59] {Threei}  stop for the balance to ynder 22.05
[10:00] {lisa_jay} 10c ADBE thanks Vad
[10:00] {Threei}  OCT EXISTING HOME SALES: 4.98MM V 5.00ME
[10:00] {peterg} hello all
[10:00] {Threei}  peter :)
[10:00] {ese} peter
[10:01] {Threei}  stop to under 22.10
[10:01] {peterg} yo es
[10:01] {dino} hod
[10:03] {wishbone} vad what time did you enter ADBE?
[10:03] {ese} shoulda been in USO
[10:04] {Threei}  9:42:43
[10:04] {wishbone} ok ty
[10:05] {Threei} Long Setup:  GG  .40 break smaller shares, stop under .20
[10:07] {ese} wishbone.....I need ya baby....break it down the middle and give me the biger half for HERO
[10:07] {Threei}  lol
[10:07] {wishbone} ?
[10:07] {Threei}  you guys have been drinking heavily this weekend, haven't you
[10:08] {Threei}  ese means your nick, wish :)
[10:08] {ese} the wishbone man the's a good luck thing
[10:08] {wishbone} ya//lol
[10:08] {wishbone} i suddenly have craving for turkey ese!
[10:09] {ese} me also!!!
[10:09] {Threei}  my impression of market action is,
[10:09] {Threei}  it wants to climb the wall of worry today
[10:09] {ese} hmmmmm
[10:09] {Threei}  barring news, feels like we are in for a nice upside move
[10:10] {Threei}  Attention:  GG  stop to under .30
[10:10] {dino} now why do you have to say it like that
[10:10] {ese} theres that touchy feely thing from Vad agaqin.....
[10:10] {Threei}  half out
[10:10] {Threei}  not a scalp for me
[10:11] {Threei}  want it over 27 for full out
[10:11] {ese} HERO to the rescue
[10:11] {Threei}  I am a very touchy-feely type, dino, yeah :)
[10:11] {lisa_jay} Thanks Vad, got 28c on GG.
[10:11] {Threei}  good job lisa
[10:12] {wishbone} gg +34 ty3i
[10:12] {Threei}  {HBC}
[10:12] {Threei}  welcome wish
[10:13] {dino} out wmt .20, +.50
[10:13] {Threei}  nice
[10:13] {lisa_jay} nice one
[10:14] {dino} ty
[10:14] {Threei} Long Setup:  QQQQ  .51
[10:15] {Threei}  stop under .40
[10:15] {Threei}  for hardcore scalpers stop under .45
[10:17] {ese} Hero stop o break even .81
[10:22] {lisa_jay} gg over 27
[10:22] {Geo} still in half
[10:22] {Threei}  waiting for last spike Geo
[10:22] {Geo} :)
[10:22] {lisa_jay} nice
[10:22] {Threei}  but it's quite discretionary here
[10:22] {Geo} i am just triling stop 
[10:22] {dino} afam sm l .00
[10:23] {Threei}  tril baby tril
[10:23] {Geo} heheheh
[10:23] {Threei}  Attention:  QQQQ  half out
[10:23] {Threei}  scalpers out in full
[10:23] {ese} out HERO .03  +.21
[10:23] {ese} had to work that one....
[10:24] {Threei}  work? Monday morning?
[10:24] {Threei}  ewww
[10:24] {ese} wish i could do your kind of work all the time vad
[10:24] {Threei}  come on guys, that WAS funny
[10:25] {ese} tukey it is wishbone!!!!
[10:25] {Threei}  [10:22] {Geo} i am just triling stop
[10:25] {Threei}  [10:23] {Threei} tril baby tril
[10:25] {Threei}  sigh
[10:25] {Threei}  {--- deeply underappreciated
[10:25] {Threei}  out GG +$1
[10:25] {Geo} [07:23] {Geo} heheheh
[10:25] {Chaeron} only in the humor dept
[10:25] {Chaeron} oh, and singing
[10:26] {Threei}  no, in singing department I am fairly hated
[10:26] {Chaeron} ah
[10:26] {Threei}  anyone had guts to hold GG for a full dollar?
[10:26] {ese} not i
[10:26] {Chaeron} well, I took +0.14 on the Q's .. in .51 out .65 Thanks
[10:26] {Threei}  pesky scalpers...
[10:27] {Geo} .37 10 .46
[10:27] {Geo} to
[10:27] {Geo} 1.09
[10:27] {Threei}  Qs is almost at 1:2
[10:27] {patience} i am, on canadian side, up $3.30 so far, still holding
[10:27] {Geo} ty lord vader
[10:27] {Threei}  welcome guys
[10:28] {Threei}  1:3
[10:28] {Threei}  full out
[10:28] {ese} YA SURE .....AAUK!!!!!
[10:29] {Threei}  [10:09] {Threei} my impression of market action is,
[10:29] {Threei}  [10:09] {Threei} it wants to climb the wall of worry today
[10:29] {ese} duhhhhhhhh!
[10:29] {Threei}  [10:09] {Threei} barring news, feels like we are in for a nice upside move
[10:29] {Threei}  can I go home?
[10:30] {Geo} work for the day off !
[10:30] {ese} you are home....
[10:30] {Geo} heheh that too
[10:30] {Threei}  oh
[10:30] {Threei}  ah OK
[10:30] {ese} you may go down to your crabbing dock though
[10:30] {Threei}  I have day off next Monday
[10:30] {hawkfan4} and you can have thursday off too :)
[10:30] {Threei}  lol
[10:30] {Threei}  you are so generous
[10:30] {lisa_jay} afam nice Dino
[10:31] {lisa_jay} news: Gap did not fill
[10:31] {Threei}  - Bush also noted that he has discussed the Citigroup decision with President-Elect Obama.
[10:31] {Threei}  - so, how about that Citigroup?
[10:32] {Geo} i dont want citibank to fail
[10:32] {Threei}  - yeah, quite something, isn't it
[10:32] {Geo} they have been good to my family
[10:32] {hawkfan4} that's just payback vad, cuz i'm still in C from your 4 break call friday afternoon
[10:32] {Threei}  wow really?
[10:32] {hawkfan4} 4.03
[10:32] {hawkfan4} it's a beauty
[10:32] {Geo} wow hawk
[10:33] {Threei}  I'll never understand where you get the guts to hold that long :)
[10:33] {Threei}  and over weekend
[10:33] {hawkfan4} lucky, could've gone completely the other way
[10:33] {Threei}  with any kind of news development possible
[10:33] {Geo} 10 lots hawk?
[10:33] {hawkfan4} lol, 1.5
[10:34] {Threei}  so, are you planning on selling ever?? :)
[10:34] {hawkfan4} lol, yes, gonna sell some soon
[10:35] {dino} out all .85, +.6-
[10:35] {dino} .60
[10:35] {Threei}  wtg dino
[10:35] {patience} you're having a good day dino
[10:35] {dino} ty, lucky
[10:37] {hawkfan4} out C + 2.01
[10:38] {Chaeron} nice hawk... 
[10:38] {Chaeron} guysy
[10:38] {Chaeron} gutsy
[10:38] {patience} and gutsy
[10:38] {Geo} girlsy
[10:38] {Chaeron} "guysy" too... in a manly way
[10:38] {hawkfan4} thx, lol :)
06[10:38] * hawkfan4 slaps Geo around a bit with a large trout
[10:39] {Geo} nono that was for patience 3 bucks on GG
[10:40] {dino} wtg hawk
[10:40] {hawkfan4} oh, i c :)  i take it back
[10:40] {hawkfan4} thx dino
[10:40] {patience} still holding basket of gold stocks, but ready to cut loose my silver wheaton
[10:41] {Threei}  - Remarks that economic growth is important for OPEC
[10:42] {Threei}  whose economic growth? OPEC's?
[10:43] {cosmo} it trickels down
[10:44] {cosmo} or is it up...
[10:45] {Threei}  wow C
[10:48] {Threei}  watch UAUA for teleportation pullback setup
[10:48] {patience} out slw +.60    got bored with it...not a good attitude today   :)
[10:49] {Chaeron} yeah... .60 trades put me in a bad attitude too
[10:49] {Chaeron} :) nice one patience
[10:49] {Threei}  C pulling back into support
[10:49] {patience} oh look, it dropped
[10:49] {dino} out afam .55, +.55
[10:50] {Threei}  dino the money machine
[10:50] {dino} lol
[10:50] {patience} no kidding
[10:50] {Threei}  don't forget to show it all to magoo
[10:50] {dino} :)
[10:50] {Threei}  tease him to no end
06[10:59] * laserdave1 slaps Threei around a bit with a large trout
[10:59] {Threei}  sneaky sneaky
06[11:01] * Chaeron slaps laserdave1 around a bit with a large trout
[11:04] {Threei}  UAUA worth a try here
[11:04] {Threei}  tight scalping stop
[11:04] {Threei}  first strength
[11:05] {Threei}  in .14
[11:05] {Threei}  stop under .10
[11:13] {Threei}  action slowed down to a crawl
[11:15] {dino} indeed
[11:17] {Threei}  I am officially beaten as a master of stating the obvious:
[11:17] {hawkfan4} wow, i hadn't heard...
[11:18] {Threei}  out UAUA +.11
[11:22] {patience} going hunting in su, eca and cnq
[11:25] {patience} out +.44  cnq
[11:27] {patience} oh foo, left some on the table
[11:27] {hawkfan4} nice
[11:30] {patience} gold moving again
[11:32] {patience} going to do an umbrella trade in gg, using options just for fun
[11:33] {Geo} umbrella trade?
[11:33] {patience} vad, your term
[11:33] {Threei}  yup
[11:33] {Threei}  Geo
[11:33] {Threei}  back to textbook, wil ya
[11:33] {Geo} sheesh
[11:34] {Threei}  scalping course printed manual
[11:34] {Geo} cant i just stay here and make money?
[11:34] {Threei}  no
[11:34] {Threei}  that doesn't involve suffering
[11:34] {Threei}  and we want you to suffer
[11:36] {Threei}  page 8-2
[11:36] {Geo} reading chapter 8 sniff
[11:36] {Geo} heheh
[11:36] {patience} gold is stalling, sigh
[11:38] {Geo} ok got it... (serves me right for skimming)
[11:38] {Geo} so what time frames you using patience?
[11:39] {patience} just quick (not) scalp
[11:39] {patience} hould have chosen energy sector for it instead
[11:39] {patience} should
[11:40] {patience} but just playing with it
[11:40] {Geo} TY
[11:42] {patience} too many trades on, 8 of them, tricky to watch so i'm eyeballing exits
[11:43] {dino} nothing here
[11:50] {Geo} sneaky google
[11:50] {Geo}
[11:50] {dino} mcd sm l .85
[11:50] {Geo} has 1/3 emps as temps
[11:53] {Geo} economic team to be formally announced in 7 mins
[11:53] {patience} good, have sold all but HGU and waiting for exit
[11:55] {ese} see ya tomorrow...i think
[11:55] {Threei}  take care ese
[11:57] {patience} and the feedback on umbrella trade, using options....the stock advanced faster
[11:58] {patience} anybody else trading or am i just being a motormouth again today?
[11:58] {patience} vad, they all have me on igore
[11:59] {patience} vad, vad?
[11:59] {lisa_jay} no Patience.
[11:59] {Threei}  lol
[11:59] {lisa_jay} Just wowed speechless
[11:59] {Threei}  welcome to my world patience
[11:59] {hawkfan4} lol, just hanging out waiting for obama to speak
[12:00] {wishbone} my highscool physics classroom clock had a sign above it "time will pass....will you?"
[12:00] {wishbone} tic...toc
[12:00] {Threei}  countdown to end of the world?
[12:00] {wishbone} whatever it is.....very slow
[12:00] {Threei}  I heard it's 2012
[12:00] {patience} writing that one down for my daughter wishbone
[12:01] {wishbone} must've read that sign a thousand times
[12:01] {patience} did you pass?
[12:02] {wishbone} teacher haad a voice like ben stein...and he was excited about physics!!!!
[12:02] {wishbone} fortunately yes patience
[12:04] {Threei}  - Tim Geithner formally nominated for Treasury Secretary.
[12:04] {Threei}  - Bill Richardson to be Commerce Secretary.
[12:04] {Threei}  - Larry Summers to be Director of National Economic Council.
[12:04] {Threei}  - Christina Romer to be head of Council of Economic Advisors.
[12:05] {dino} wasn't this already known?
[12:05] {Geo} stilll going thru the clinton baggage ic
[12:09] {patience} bkx likes it
[12:12] {dino} mcd stopped -.35
[12:13] {Geo} off to work.... 1X today... thanks vad....and see you all !!
06[12:13] * Geo geo taking umbrella to work
[12:13] {hawkfan4} cya geo
[12:14] {Threei}  take care geo
[12:15] {patience} starting to sell the news vad?
[12:15] {dino} gj geo
[12:15] {Threei}  action is so slow, can't tell
[12:21] {patience} longer he talks, air is coming out of the market's balloon slowly
[12:22] {Threei}  strange... this news should be killing CEDC, yet it goes up:
[12:22] {Threei}
[12:24] {wishbone} isn't cedc mostly owned by BUsh's brother in law?
[12:25] {Threei}  - Reiterates call for Congress to pass an aggressive stimulus plan in January. Once again declines to offer any numbers for the stimulus plan. "We need a big stimulus package to jolt the economy back to health."
[12:25] {Threei}  - Confirms that he intends to eventually roll back Bush tax cuts, but leaves open question of whether they would be actively rolled back or simply not renewed.
[12:33] {Threei}  press conference is over
[12:34] {dino}  good, back to business
[12:40] {laserdave1} hawk dcc when u get a sec
[12:43] {Threei}  hawk, don't break traditions and ignore dave
[12:44] {Threei}  we don't want him to think anyonbe here really wants to talk to him
[12:45] {laserdave1} dawg dcc please
[12:45] {Threei}  dawg... same comment by me
[12:46] {laserdave1} laserdave1 dcc please
[12:46] {laserdave1} hey this guy answered right away
[12:46] {Threei}  sigh
[12:51] {dawg} i had to answer dave vad but he promised not to bother me again
[12:53] {Threei}  ok... you are playing nice
[12:54] {Threei}  - The new reality in Canada is wild swings in markets and ever-gloomier forecasts.{USD/CAD EUR/CAD}
[12:54] {dawg} .)
[12:55] {Threei}  nice and I don't even exchange postcards, so you can see why I am reluctant... :)
[12:56] {Threei}  if market resumes upward crawl, I am interested in JNPR
[12:56] {Threei}  it consilidates under 16, huge resistance level
[13:01] {Threei}  broke
[13:01] {Threei}  if you go for it, keep .85 stop
[13:02] {Threei}  or .88 if you are very anal-retentive... bottomed out at .89 on last pullback
[13:21] {brian3579} is this a joke on cnbc
[13:21] {Threei}  what is it?
[13:21] {brian3579} the prince
[13:21] {Threei}  - says he believes Citi is overcapitalized at this point, but that is fine in the current environoment.
[13:22] {Threei}  prince says C has too much money, but that's OK, he can handle it
[13:22] {Threei}  JNPR 1:1 for .88 stop
[13:24] {wishbone} jnpr +11 ty31
[13:24] {wishbone} ty3i
[13:24] {Threei}  welcome sir
[13:25] {wishbone} sir......that's my dad
[13:25] {Threei}  any male above 13 is sir, and any female above 11 is ma'am for me
[13:25] {wishbone}
[13:25] {Threei}  ('cause I am THAT polite)
[13:26] {wishbone} Mr. Polite
[13:26] {Threei}  my middle name
[13:26] {Threei}  just ask chaeron
[13:26] {wishbone} chaeron is Vad polite?
[13:26] {Threei}  {Chaeron} Yup. Right. Exactly
[13:28] {Threei}  Chaeron, take your sleepy face out of potatoe salad and confirm that I am polite unless you want to be trouted relentlessly
[13:28] {hawkfan4} lol
[13:29] {Threei}  JNPR 1:1 for .85 stop
[13:31] {Chaeron} zzzzzzzzzzzzz.. snort... huh? wha? yeah yeah... Vad polite... yeah.. zzzzz
[13:31] {Threei}  there
[13:32] {Threei}  btw, let me politely point out that in your sleep you missed JNPR trade
[13:33] {Threei}  also, my politeness progresses with time
[13:33] {Threei}  I used to have a script that automatically answred lasredave dcc with "go away" message
[13:33] {Threei}  now it's "Allow me politely ask you to go away"
[13:47] {Chaeron} Dave, would you kindly DCC please? (Since Vad is giving lessons on politeness...)
06[13:48] * Chaeron slaps laserdave1 around a bit with a large trout
[13:48] {Chaeron} told you politeness doesn't work with some ppl
[13:49] {Threei}  I know
06[13:49] * Geo slaps Threei around a bit with a large trout
[13:49] {Geo} thats for making me miss jnpr
[13:49] {Threei}  making?
[13:49] {Geo} yes
[13:49] {Threei}  you left on your own will
[13:49] {Geo} you could have willed the setup to happen while i was around
[13:50] {Geo} (high expectations)
[13:50] {Threei}  paraphrasing Stephen King,
[13:50] {Threei}  There will be profit if market wills it
[13:50] {Geo} sage advice indeed
[13:52] {dino} give me what i want
[13:52] {Threei}  and I'll go away? :)
[13:52] {Geo} :)
[13:53] {Chaeron} }}}  Russians turn away from vodka in hard times ( The global financial crisis is succeeding where many a Kremlin campaign has failed by forcing Russians to turn away from the vodka bottle. 
[13:54] {dino} lol
[13:58] {Threei}  feels like market gathering forces and probing ground for another powerful rally
[13:58] {patience} yup
[13:58] {Threei}  one more pullback is likely before main push comes
[13:58] {Threei}  QQQQ around .75 - .80 should be it
[14:01] {Threei}  DRYS quite a move
[14:08] {Chaeron} Q's
[14:11] {Threei}  took .74
[14:12] {dino} mcd sm l .50
[14:17] {laserdave1} chaeron dcc
[14:18] {Threei}  meaning, first part was distributed unwisely and without clear instructions, right?
[14:20] {Threei}  OK market... you did enough of see-sawing and made everyone seasick
[14:20] {Threei}  now it's time to spike like there is no tomorrow
[14:20] {patience} funny how you can be totally in the zone trading and drop out of like a stone
[14:20] {dino} but there is
[14:21] {Threei}  hey
[14:21] {Threei}  it obeys
[14:21] {Threei}  I need to try it again
[14:21] {Threei}  ok market now just move up and don't look back anymore
[14:21] {Threei}  half out Qs
[14:21] {Threei}  .91
[14:21] {Threei}  +.15
06[14:22] * Threei slaps Chaeron around a bit with a large trout
[14:22] {Threei}  anyone took it?
[14:23] {lisa_jay} Sorry Vad, was busy with sick kids today.  Nice trade though.
[14:24] {Threei}  sorry to hear Lisa
[14:24] {hawkfan4} yessir, very nice
[14:24] {Threei}  didn't emntion UAUA entry .65
[14:24] {Threei}  grrr
[14:24] {Threei}  I thought I did
[14:31] {jmb} Vad - Thanks JNPR
[14:31] {Threei}  welcome jmb :)
[14:31] {Threei}  out 1/4 more Qs
[14:31] {Threei}  28.03
[14:31] {patience} thanks for the power up heads up...nibbled into goldcorp april options again
[14:32] {Chaeron} 28.01 out in full for +0.18
[14:32] {Chaeron} Thanks vad
06[14:32] * Chaeron slaps Threei around a bit with a large trout
[14:32] {Threei}  :)
[14:32] {Threei}  that's the language I understand
[14:33] {Threei}  stop is .85 for the last portion
[14:33] {Threei}  letting it trade
06[14:34] * Chaeron slaps laserdave1 around a bit with a large trout
[14:45] {Threei}  we had what, just one little stop in the morning?
[14:45] {Threei}  good to be positioned on the right side
[14:45] {patience} what is volume like today vad, please
[14:45] {Threei}  a little lower than Friday so far
[14:46] {patience} ty
[15:01] {Chaeron} Geo... DCC please?
[15:02] {Threei}  a lot of non-computable (for me) things in the following release by HRLY (Harley-Davidson)
[15:02] {Threei}  - Herley New England in Woburn, MA, has been awarded the first production contract to provide custom designed complex microwave assemblies developed for ongoing F-16 upgrades.
[15:02] {Threei}  isn't it odd? :)
[15:02] {patience} talk about diversifying your company products
[15:03] {Threei}  no kidding
[15:03] {cosmo} its road warrior tech...
[15:04] {hawkfan4} and imagine how hard it must be to make microwave popcorn while you're flying one of those things
[15:04] {patience} lol
[15:07] {lisa_jay} Vad u still in last Q's portion?
[15:07] {Threei}  yeah
[15:07] {lisa_jay} nice
[15:07] {Threei}  about to sell
[15:07] {Threei}  want one last spike
[15:08] {lisa_jay} took all afternoon to break out of the asc. tri
[15:10] {Threei}  out
[15:10] {Threei}  28.24
[15:10] {Threei}  +.60
[15:11] {Threei}  ot .50
[15:11] {wishbone} nice
[15:11] {Threei}  0r
[15:11] {Threei}  or
[15:11] {Threei}  there
[15:11] {Threei}  see... I can type
[15:11] {KSystems} neat
[15:11] {Threei}  ah who am I kidding... I can't
[15:15] {patience} relief not to have the wild swings and more normal trading day
[15:16] {lisa_jay} yes
[15:16] {Threei}  this is great action
[15:16] {Threei}  nice slow climb
[15:16] {patience} vad, you think accummulation starting again?
[15:16] {Threei}  part of it takes place today, sure
[15:17] {Threei}  it's not being done in one chunk
[15:17] {Threei}  some nibbling here, some there
[15:17] {Threei}  waiting outthe storm, adding
[15:17] {patience} did some canadian bank, coal, energy buys for mom's account, putting some cash back to work
[15:26] {dino} sm l afam .00
[15:34] {dino} out mcd .60 +.10 thing won't  move today
[15:35] {patience} profit is a profit   :)
[15:35] {dino} sure now itgoes
[15:40] {Threei}  OK, this I have to post
[15:40] {Threei}  just don't talk to me 5 minutes after that, this is how long I'll need to roll on floor laughing
[15:40] {Threei}  GS
[15:42] {Threei}  wow JNPR
[15:42] {dino} dji +15% in two days, sell the rip time
[15:42] {Threei}  as far as I know hawk... he still hasn't sold any
[15:42] {Threei}  +510 dino...
[15:42] {hawkfan4} lol, didn't take that one :(
[15:43] {Threei}  ugh
[15:43] {dino} yes, too much too soon imo
[15:50] {dino} sm s mcd .90
[15:52] {Threei}  good call on drop dino
[15:52] {dino} cov mcd .35, +.55
[15:52] {dino} ty
[15:53] {dino} way soooooooon
[15:53] {Threei}  200 points drop
[15:53] {dptl} have a good evening all
[15:53] {Threei}  in 10 min
[15:53] {Threei}  take care dp
[15:53] {dino} cya dp
[15:54] {hawkfan4} c u dp
[15:59] {Threei}  Ok guys, very good day
[15:59] {dino} out afam .99, -.01
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a great evening
[15:59] {Threei}  see you tomorrow
[15:59] {patience} excellent day, ty vad
[15:59] {hawkfan4} thx vad, great calls 
[15:59] {hawkfan4} u 2 dino
[15:59] {lisa_jay} thanks Vad
[16:00] {Chaeron} thanks again Vad
[16:00] {Chaeron} bye guysw
[16:00] {hawkfan4} nite all 

Friday, November 21, 2008

That was truly good day. For us AND, for a change, for the market. With exception of a few boring hours, morning and end of day yielded enough of good trades. And, we came up with exceptionally bad poetry summed up around 14:50. Enjoy

Session Time: Fri Nov 21 00:00:00 2008

[08:00] {magoo} morning
[08:14] {Threei}  Good morning mags
[08:14] {magoo} :)
[08:14] {magoo} vad, any news solar secror? FSLR csiq solf
[08:17] {Threei}  06:00am [CSIQ] Reports Q3 $0.36 (adj) v $0.54e, R $252.4M v $248Me; reverts to previous lower FY08 rev outlook
[08:18] {Threei}  in other words... 06:00am [CSIQ] earning: ouch, and guide for the next year: yikes
[08:18] {Threei}  how about this translation?
[08:19] {magoo} ty..only way i can understand iot lol
[08:20] {patience} good morning guys
[08:20] {Threei}  patience :)
[08:20] {magoo} vad, any surprises in tech sector..aapl rimm etc
[08:21] {magoo} morn patience:)
[08:42] {ese} good morning
[08:42] {Threei}  ese :)
[08:42] {ese} hey vad.......back after another thursday  morning Hiatus....
[08:43] {ese} yup....could lose some money in CSIQ
[08:44] {ese} have a couple of positions there
[08:44] {magoo} vads news aapl rimm??
[08:44] {Threei}  no
[08:45] {ese} although CSIQ has 6 bucks and some in cash per share....and it's trading at 3.50
[08:45] {magoo} ty
[08:46] {hawkfan4} EMKR .85 cents, geez
[08:49] {ese} was it another big down day share wise on the Dow yesterday......capitulation maybe??
[08:49] {ese} did it feel like that to you Vad
[08:49] {Threei}  as already occured you mean? or coming?
[08:50] {Threei}  yeasterday's selling wasn't it
[08:50] {ese} i think as already occured....yesterday
[08:50] {Threei}  nasty sellof as it was, it didn't feel at all like that final climactic "get me out so I can forget whole thing"
[08:51] {ese} you feel like that is still to come
[08:51] {Threei}  this I don't know
[08:51] {Threei}  see, capitulation is a sure way to finish the phase and start anew,
[08:51] {Threei}  but not every bear market ends in capitulation
[08:52] {ese} how so
[08:52] {Threei}  sometimes it's along slow grind,
[08:52] {Threei}  sometimes it's a certain turn of events that changes sentiment
[08:53] {magoo} vad..we are down so far levels that is..and people been getting out ...maybe no woosh
[08:53] {Threei}  and sometimes capitulation is not as pronounced as to be spotted as it occurs
[08:53] {Threei}  and becomes capitulation in hindsight only
[08:53] {Threei}  right magoo
[08:53] {ese} hmmmmm i see what you mean    volume yesterday 537 mil and Oct 10 672mill
[08:54] {ese} on the Dow
[08:54] {magoo} say again:) lol
[08:54] {Threei}  imagine how much of invested capital was already liquidated during these selloffs
[08:54] {Threei}  day after day
[08:54] {Threei}  week after week
[08:54] {Threei}  relentless selling
[08:54] {Threei}  200 points todsay, 300 tomorrow, 400 again, 200 again
[08:55] {Threei}  Just how much is there left to liquidate?? :)
[08:55] {Threei}  who knows?
[08:56] {Threei}  let me post one short blurb on capitulation I;ve written a while ago
[08:56] {Threei}  need to put it on blog
[08:56] {Threei}  didn't get to it yet
[08:56] {Threei}  so posting here:
[08:57] {wishbone} gm all
[08:57] {Threei}  Re: Capitulation.
[08:57] {Threei} 
[08:57] {Threei}  There are two important things to keep in mind about this concept.
[08:57] {Threei} 
[08:57] {Threei}  First is, bottoms are not always being formed by capitulatory selloff (V-shape). Sometimes it's a slow grind shaping as a dish; sometimes even with caputilation it's still not that easy - initial bounce leads to a second drop into lows and double bottom, however nice the formation is, has second bottom LOWER than first one, so early buyers still get shaken out.
[08:57] {Threei}  Second, and most important to remember. You probably noticed that whereever you find the description of the concept, it's still just a concpet - meaning, there is no measurable component to it. There is, to my best knowledge, no percentage of the drop that quialifies selloff as capitulation. Name any, and you will inevitably find a whole lot of cases where it was exceeded.
[08:57] {Threei}  There is a good reason for that: if there was a certain measurement for capitulation that guaranteed ultimate low, everyone would be insanely rich waiting for it and buying it... and no one would be buying a second earlier. But then again, why would anyone sell at that ultimate low which has been already proven to be an ultimate one?...
[08:58] {Threei}  Thus, capitulation is either:
[08:58] {Threei}  - can not be computed as it's an emotional state, panic, total disarray leading to a freefall - but not being quantifiable, it's in the eye of a beholder, which meakes "getting a read" on it quite discretionary;
[08:58] {Threei}  or
[08:58] {Threei}  - can be computed to a certain degree IF you somehow know the amount of shares that were held by different stakeholders, and see roughly that amount being traded in a very short period of time (again, discretionary component) during very steep selloff (once again, steep by what standard? on what chart?).
[08:59] {Threei}  No doubt, sometimes experienced traders get it right by gut feeling which is a product of vast experience. By no means it's a fool proof process for any of them, and you will always see arguments about whether this particular selling already constitutes capitulation or not yet, whether capitulation is going to be the case on this particular bear market or not. This concept is necessary to understand, but it doesn't mean that once you understand the concept you can spot the capitulatory type of bottom.
[08:59] {Threei}  End
[08:59] {Threei}  hi wishbone :)
[09:00] {KSystems} Good morning!
[09:00] {Threei}  ks :)
[09:00] {ese} Ksys mornign
[09:00] {ese} wishbone
[09:00] {KSystems} vad, ese :)
[09:00] {KSystems} slept well?
[09:00] {ese} you or us?
[09:00] {KSystems} you
[09:00] {ese} indeed
[09:01] {Threei}  I refuse to share such details
[09:01] {Threei}  this opens door to more questions
[09:01] {ese} shot of vodka....vads wonders
[09:02] {Threei}  sure does... but consider dptl's variation which includes 3 shots
[09:02] {Threei}  5
[09:02] {Threei}  and as you can see, possibilities are endless :)
[09:02] {ese} hmmmmmm....knockout punch
[09:04] {lisa_jay} Good Monring 
[09:04] {KSystems} Well, I can have alcohol actually even without having fun
[09:04] {ese} lisa....
[09:05] {KSystems} hey lisa
[09:06] {Geo} gm all
[09:07] {ese} hey geo
[09:08] {Threei}  lisa, geo :)
[09:09] {dino} gm all
[09:09] {Threei}  with whole solar debacle, ESLR is actually green
[09:09] {Threei}  dino :)
[09:10] {Threei}  if they recover some, this one maybe a scalp candidate on a long side
[09:11] {Onix} Good morning all
[09:11] {Threei}  onix :)
[09:11] {ese} thats another company vad thats huge in cash reserves...with 2/3 billion outstanding orders
[09:11] {ese} Eslr
[09:13] {ese} through to 2011
[09:16] {dino} solar may be dead
[09:17] {ese} too many green initiatives dino.....
[09:18] {dino} keep in mind, no more $ and oil gas are cheap, as is coal
[09:18] {ese} all of California is going to be solar at some point
[09:18] {ese} for starters
[09:18] {dino} at some point........................................................
[09:18] {dino} 10 years?????????????????????????????/
[09:18] {ese} maybe........
[09:18] {dino} when payroll cannot be made, these things stop
[09:18] {Geo} I called around in los angeles ese
[09:18] {Geo} not worth the money
[09:19] {dino} i checked here for my house, geo, 30 year payoff
[09:19] {Geo} yup
[09:19] {dino} not worth it
[09:19] {dino} same w/hybrids, no point for years now
[09:19] {Geo} and the local utilities gave no help so i gave up
[09:19] {dino} and my rant is done
[09:19] {Geo} :) good morning
[09:20] {dino} gap up opens, not good lately, have been getting filled
[09:20] {ese} i stand corrected....but i'm thinking about it still
[09:20] {Threei}  C is trying to bounce
[09:21] {magoo} vad lets watch q for bounce too
[09:21] {dino} fwiw es. i was talking investing wise
[09:22] {ese} yes i know dino.....
[09:22] {dptl} good morning all
[09:22] {Threei}  dp :)
[09:22] {ese} next big mega trend i still think
[09:22] {ese} dp
[09:23] {wishbone} Citigroup (C) climbed 10% in the pre-market after a media report said the bank will hold a meeting to discuss ways to prop up its sliding stock price. This may include selling pieces of or the entire company. This week alone, shares plunged 50%.
[09:27] {ese} geo....were there any subsidies if you wanted to put solar in down there
[09:27] {Geo} none by LADWP
[09:27] {Geo} san francisco edison has some
[09:27] {ese} thats whats suppose to make it viable for you down there isn't it?
[09:28] {Geo} yeah
[09:28] {Geo} I have sun pretty much 364 days
[09:28] {Geo} i really wanted it
[09:28] {Threei}  looked into those solar panels Costco sells geo?
[09:28] {Geo} no
[09:28] {Threei}  around $300
[09:29] {Geo} i was hoping for a integrated whole house solution
[09:29] {Geo} ill look again
[09:29] {Threei}  that could be transitional solution for negligible cost
[09:29] {Threei}  not sure about details
[09:29] {Threei}  but if you find out please share
[09:29] {Geo} i wanted the reverse meter credit thingie
[09:29] {Threei}  yup
[09:29] {ese} kinda like how BC Hydro will help pay for upgrade in windows up here Vad
[09:29] {Threei}  that''s the idea
[09:30] {peterg} good mrng
[09:30] {Threei}  peter :)
[09:31] {Onix} hi peter
[09:31] {peterg} yo onix
[09:32] {dino} mcd sm l .30
[09:32] {Threei}  C hard pullback
[09:33] {Threei}  5.11 probably worth a try if holding 5
[09:33] {magoo} full or half
[09:34] {Threei}  stop is tight enough
[09:34] {Threei}  or just right here with ridiculously tight stop
[09:34] {Threei}  couple cents? why not
[09:34] {magoo} well its fast..hard to hold stop
[09:35] {Threei}  whatever... in .04, out .15
[09:35] {Threei}  finger-warming scalp
[09:36] {peterg} took dime
[09:36] {lisa_jay} Thanks Vad.
[09:36] {peterg} tks
[09:36] {Threei}  sure guys
[09:36] {tomg} ty
[09:37] {Threei}  not this time
[09:38] {Threei}  when low gets retested so many times, not likely to hold
04[09:41] -} [Threei] PING
[09:44] {Threei}  CSIQ
[09:44] {Threei}  3.20 break half lot long if holding above 3.10 and if FSLR moves up
[09:48] {Threei}  over 1:2
[09:48] {Threei}  me out
[09:48] {tomg} ty vad
[09:48] {Threei}  tom :)
[09:51] {Threei}  quotes OK for everyone?
[09:51] {tomg} y
[09:52] {magoo} yes
[09:52] {Threei}  my connection then
[09:54] {Onix} ty for CSIQ Vad, i got 6c & 13c
[09:55] {Threei}  :)
[09:55] {Geo} Y vad..... in .24 out .46
[09:55] {Geo} TY
[09:55] {Threei}  I thought I was widely ignored
[09:55] {Geo} chat on a diff pc
[09:56] {Threei}  must be inconvinient
[09:56] {Geo} want it to be
[09:56] {Threei}  why not hook up more moniors to one PC?
[09:57] {Geo} i have 2 pcs on diff internet connections.... dont want both on same pc
[09:57] {Geo} C approaching yesterday lod
[09:57] {Threei}  ah, OK... there are people who want their encounters with opposite gender to occur in hammock while wearing ski
[09:58] {Threei}  I can undertand the concept of creating difficulities in order to over come them :)
[09:58] {lisa_jay} lol
[10:01] {Threei}  hmmm
[10:01] {Threei}  why do I have this feeling we may not see Euro at all in couple years
[10:02] {Geo} oooh C breaking 4
[10:02] {Threei}  why didn't we short it
[10:02] {dino} dji gap filled
[10:03] {Geo} [06:57] {Geo} C approaching yesterday lod
[10:03] {Geo} i couldnt see a setup
[10:03] {Geo} and you were in a ski mask in a hammock somewhere
[10:03] {Threei}  in retrospect, bounce back into 5 after breakdown was a good bet
[10:04] {Threei}  no... my connection is shaky
[10:04] {dino} euro talk sounds like c saying we are fine
[10:04] {Geo} ah
[10:04] {Threei}  quotes went on and off
[10:04] {Threei}  my thoughts exactly dino
[10:04] {lisa_jay} R they back up Vad?
[10:04] {Threei}  I see nothing but troubles for it ahead
[10:04] {Threei}  looks better now lisa
[10:05] {Threei}  just in case guys,
[10:05] {Threei}  when I post a call, have double take at qwuotes to make sure you see what I see
[10:05] {Threei}  let's have little checkup
[10:06] {Threei}  UAUA bid 7.84?
[10:06] {Threei}  .85
[10:06] {tomg} y
[10:06] {Geo} y
[10:06] {Threei}  FSLR 87.70?
[10:06] {Geo} too fast
[10:06] {Threei}  LVS 3.76?
[10:06] {tomg} y
[10:06] {Geo} y
[10:06] {wishbone} y
[10:06] {Threei}  ok... seemes to stabilize
[10:07] {Threei}  ty
[10:07] {Threei} Long Setup:  KLAC  .70 break half lot
[10:08] {Threei}  stop under .60
[10:08] {Threei}  broke while I typed but was still available .72 - .73
[10:10] {lisa_jay} is it still valid
[10:11] {Threei}  if NQ upticks, yes
[10:12] {Threei}  stopped
[10:12] {Chaeron} good morning all
[10:12] {Threei}  chaeron :)
[10:12] {Onix} stopped
[10:12] {tomg} out
[10:12] {Onix} hi chaeron
[10:17] {Threei}  C death spiral
[10:19] {tomg} uaua did it again vad
[10:20] {Threei}  didn't watch it
[10:20] {Threei}  what did it do?
[10:20] {Threei}  teleportation?
[10:20] {tomg} sharp down to .8 and right back up
[10:20] {Threei}  yup, see it on the chart
[10:21] {Threei}  you traded it?
[10:21] {tomg} nah
[10:21] {tomg} :)
[10:21] {tomg} saving green from your earlier calls :)
[10:23] {dino} dji needs to break above 7650 imo to rally
[10:32] {dino} .
[10:33] {tomg} .
[10:33] {Threei}  you remember Chaeron will have to sweep all that after hours, right?
[10:33] {Chaeron} }{
[10:33] {Chaeron} it's the only way I can afford my trading habit....
[10:36] {KSystems} coffee, anyone?
[10:36] {Threei}  slow motion today
[10:36] {patience} amazing day for me in the market...done well in goldcorp, barrick and gold bullion etf.  sold yesterday afternoon's agrium shares +2.02
[10:36] {Chaeron} it's Friday...
[10:36] {Threei}  one-legged snail making its way through molasses
[10:37] {lisa_jay} Nice trades Patience.
[10:37] {Threei}  wtg patience
[10:37] {patience} trust me, been a while since a day like today
[10:37] {magoo} theres no money left to in buyers finito
[10:37] {Chaeron} huge patience... great job
[10:38] {dino} afam sm l .10
[10:38] {patience} ty
[10:38] {Threei}  it's been a serious while since I've seen UAUA so tame
[10:40] {Threei}  signs of life now
[10:40] {Threei}  watch it fore teleportation setup
[10:41] {Threei}  Q, pullback closer to .70 worth a try long
[10:42] {Chaeron} forget UAUA?
[10:42] {Threei}  {F}
[10:42] {Threei}  why
[10:42] {Chaeron} no no... play UAUA with that bounce of Q's?
[10:42] {Threei}  me confused
[10:43] {Chaeron} me too... lol
[10:44] {Threei}  got .75 Qs
[10:44] {Threei}  stop under .70
[10:45] {Threei}  no worky
[10:46] {Onix} .74
[10:48] {Threei}  anyone got UAUA scalp?
[10:48] {magoo} vad..what levels will put the fear in shorts today?as in panic cover
[10:48] {lisa_jay} what was that drop?
[10:49] {Threei}  one more UAUA
[10:49] {Threei}  come on guys, this is ATM
[10:49] {Threei}  for NQ, something like 1065 - 1070, mags
[10:50] {Onix} stopped
[10:51] {Geo} rumor C is being put on short restricted list at prime brokers
[10:51] {Threei}  not good... kiss of death
[10:51] {Threei}  (as if C needed of that, lol)
[10:52] {tomg} have a good weekend, all. ty vad, good week:)
[10:52] {Threei}  take care tom, wtg :)
[10:52] {Chaeron} bye tom
[10:52] {Threei}  you realize how few people can say "it was good week" this week? :)
[10:52] {tomg} cya chaer :)
[10:53] {KSystems} have a good WE tom
[10:53] {Chaeron} heheh... the only ppl I hear saying that are in here... and I know a lot of traders
[10:53] {tomg} u2 KS
[10:56] {Threei}  DJI is 7557?
[10:57] {Threei}  roguuhly
[10:57] {Chaeron} and just went red, yes
[10:57] {Threei}  OK
[10:57] {dino} afam stopped
[11:02] {dino} 7506 coming
[11:16] {dino} say it again sam
[11:16] {Threei}  - Pelosi remarks that she opposes bankruptcy in automakers, 'doing nothing' not an option
[11:21] {dino} t sm l .90
[11:24] {hawkfan4} Rev Shark
[11:24] {hawkfan4} Merger?
[11:24] {hawkfan4} 11/21/2008 9:37 AM EST
[11:24] {hawkfan4} So if Goldman Sachs mergers with Citibank will the new entity be called "Sachs in the Citi"? 
[11:24] {Geo} lol
[11:26] {lisa_jay} lol
[11:26] {dino} i suppose it's better name than w/o merger...true blood
[11:27] {Threei}  C... long on 4 break or short off 4...
[11:27] {dino} c'mon, that was funny
[11:27] {hawkfan4} lol dino :)
[11:28] {lisa_jay} ?  what Vad?
[11:28] {lisa_jay} C trade?
[11:28] {Threei}  thinking out loud lisa... :)
[11:28] {lisa_jay} Oh ok...
[11:28] {magoo} vad,,it doies seem the level 2 and mkt gets faster on upside
[11:29] {Threei}  this is what happens this whole week mags
[11:29] {Threei}  talked about it couple times
[11:29] {magoo} i know
[11:29] {magoo} just rehashing it
[11:29] {Threei}  ok... 4 break long
[11:29] {Threei}  if stays above 3.90
[11:31] {Threei}  DYAX
[11:32] {dino} amag sm l .33
[11:35] {dino} gut say up
[11:41] {ese} hmmmm back... didn't realize i was cut off
[11:41] {dino} afam sm l .20 risky
[11:41] {Geo} c tired
[11:42] {dino} es we always cut you off
[11:42] {dino} sort of like magoo at a party
[11:42] {dino} out t .35, +.45
[11:42] {magoo} boy if i were short id be puttin on pull-ups here
[11:44] {dino} i will be short shortly
[11:46] {Geo} did ya get hit at 1:1 vad?
[11:46] {Threei}  half
[11:46] {Geo} ok... i missed by a tick
[11:47] {Geo} ok guys off to work.... good trading all and a great weekend
[11:47] {Threei}  take care Geo, have a good one
[11:48] {dino} cya ggeooooooooo
[11:51] {Threei} Long Setup:  GG  .40 break small shares
[11:51] {Threei}  if stays above .20
[11:52] {ese} see ya geo
[11:52] {hawkfan4} l8r geo
[11:54] {Threei}  .50 break should send it rocketing
[11:54] {dino} same pattern as last few days, whatever move pull back 80-90
[11:54] {dino} and vice versa
[12:07] {Threei}  move your sorry butt GG
[12:08] {Threei}  over 1:1, half out
[12:08] {Threei}  +.25
[12:08] {Threei}  sheesh... read this:
[12:08] {Threei}  **Philadelphia Fed President Charles Plosser is scheduled to speak at 12:15pmET on the Financial Crisis. Speech will be closed and content embargoed until 1:15pmET.
[12:08] {Threei}  **Chicago Fed President Charles Evans is scheduled to speak at 12:40pmET to a group of economists.
[12:08] {Threei}  Speech will be closed and content embargoed?
[12:08] {Threei}  wth is this about
[12:11] {dino} c, ceo pandit, "rumor mongering our real problem"
[12:11] {dino} nothing to do w/its' business
[12:16] {Threei}  great... I wanted to slap Geo after GG worked... but room server dump bumped him
[12:17] {Threei}  stop of course is trailed to under b/e for the balance
[12:19] {dino} out amag .82, +.49
[12:20] {lisa_jay} nice
[12:20] {dino} ty
[12:21] {dino} good pattern on it, .20s-.90
[12:23] {Chaeron} c'mon GG
[12:25] {dino} cnbc michelle, nice
[12:26] {dino} bj l sm .40
[12:27] {ese} have a great weekend all......nice one on amag dino
[12:27] {dino} ty es, take care bud
[12:27] {ese} see ya ....
[12:31] {Threei}  take care ese
[12:37] {dino} biggest rally in 11 years taking place (not)
[12:38] {patience} i am now up about 8k on my trades today is doing ok
[12:38] {dino} wow!
[12:38] {Threei}  wtg
[12:38] {patience} feels like last january
[12:38] {patience} no effort
[12:39] {dino} you do my month in a day, sheesh
[12:40] {dino} dino, feeling inadequate
[12:40] {magoo} is that a pure daytrade pat?
[12:40] {patience} no
[12:40] {dino} ok, feeling better
[12:40] {patience} agrium was an overnighter
[12:41] {dino} feeling worse now
[12:41] {patience} i've been sclalping barrick
[12:41] {patience} i've been holding goldcorp and barrick options for weeks
[12:41] {patience} got them for a good price
[12:41] {dino} gj
[12:42] {patience} ty, but my style is different from can nail multiples daily
[12:42] {lisa_jay} which month expiration options do you usually trade Patience?
[12:42] {patience} i like to do further out calls or puts
[12:43] {patience} i want time on my side for awhile
[12:43] {lisa_jay} Ok, thanks.
[12:44] {dino} cedcsm l .41 risky one
[12:50] {dino} lol gm getting rid of 2 of 5 jets
[13:08] {magoo} vad..working theory here into bell?
[13:08] {Threei}  how does one who got forecloserd yesterday feel?
[13:09] {Threei}  really can't tell mags
[13:09] {Threei}  there is not much rythm to action
[13:09] {Threei}  slow ebb and flow
[13:20] {dino}  cedc stopped -.40
[13:22] {lisa_jay} Off to library everyone...Kids day off.
[13:22] {lisa_jay} Thanks Vad.
[13:22] {lisa_jay} Bye everyone.
[13:24] {Threei}  take care lisa, have a good weekend
[13:29] {dino}  cya lisa
[13:36] {Threei}  are we in for another multihundred down day?
[13:37] {Threei}  retest of the low seems inevitable
[13:38] {magoo} recent?
[13:38] {Threei}  1 min ago
[13:42] {Geo} [10:18] {Threei}  great... I wanted to slap Geo after GG worked... but room server dump bumped him
[13:42] {Geo} why? boss
[13:42] {Threei}  'cause you left 2 min before profitable call
[13:43] {Geo} heh
[13:43] {Geo} lemme check
[13:43] {Geo} in 400 GG .39
[13:43] {Geo} out 200 .50
[13:43] {Geo} 200 .70
[13:44] {Geo} put it on auto pilot and off to shower
[13:44] {Threei}  so, you said you left, but in fact you hid and took the call?
[13:44] {Threei}  how sneaky is that
[13:44] {Geo} i start closing apps on pcs
[13:44] {Geo} with your room being last
[13:44] {Geo} my greed knows no bounds
[13:44] {Geo} amazing patience btw
[13:45] {Geo} i trade mornings on laser and rest on ninja with IB as i can put stops and be in and out of office
[13:45] {Geo} so it paid TY  lord vader !!
[13:46] {Threei}  you are welcome of course... but there goes my plan to wait till you leave with profitable calls
[13:46] {Geo} hey !!!
[13:46] {Geo} tha was with onix remember?
[13:46] {Threei}  I widen my scope
[13:46] {Geo} or is it round robin
[13:49] {dino} t sm l .70 stop lod
[13:56] {Threei}  feels like flush toward day low is coming
[14:01] {dino} t stoped
[14:02] {dino} stopped
[14:05] {Threei}  QID bounce off 99
[14:05] {Threei}  tha was fast
[14:05] {Threei}  50 cents in seconds
[14:19] {magoo} bulls are all bullets to push up any type rally
[14:20] {Threei}  kind of hard to imagine any catalyst for it :)
[14:20] {magoo} need a large fund to buy buy buy
[14:22] {dino} more like apathy
[14:26] {Threei}  can you imagine any fund wanting to commit now
[14:26] {Threei}  facing redemptions, tax selling, autoindustry uncertainty
[14:27] {Threei}  C near demise
[14:27] {Threei}  JPM highly questionable
[14:28] {Threei}  we need a fund manager with strong suicidal tendencies
[14:29] {patience} that would be the ones who manage funds where they have to be fully invested at all times
[14:29] {Threei}  I have deep sympathy for those
[14:31] {Threei}  these days for them must be like watching themselves slowly dismemberd with a saw, limb by limb
[14:31] {Threei}  with band-aids carefully applied to keep them barely alive
[14:35] {Chaeron} Laserdave1 DCC pelase?
06[14:35] * Chaeron slaps laserdave1 around a bit with a large trout
[14:42] {Threei}  inverted C&H
[14:43] {Threei}  breakdown
[14:43] {Threei}  flush
[14:43] {dino} reminds me of joe the plumber
[14:44] {Threei}  and I am trying to come up with piece of poerty rhyming with "drain"
[14:44] {Threei}  Goes market train
[14:44] {Threei}  Dow the drain
[14:44] {Threei}  Down
[14:44] {KSystems} keep it with Dow
[14:44] {dino} pain
[14:45] {peterg} row row your boat, gently down the strain
[14:45] {peterg} merrily merrily merrily life is but a drain
[14:45] {Threei}  but a pain
[14:45] {peterg} perfect
[14:45] {dino} i guess the toilet was backed up, spiked
[14:46] {dino} overflow
[14:46] {Threei}  On the market canvas
[14:46] {dino} 100 pt swing 14:44 to 14:46
[14:46] {Threei}  We are but a stain
[14:46] {dino} yeah, real tradable
[14:46] {patience} that bastard Barrick, how does it know to jump after i just sold at the extreme high.   now i am just greedy
[14:46] {Threei}  lol dino
[14:47] {Threei}  peter... how about these two last lines?
[14:47] {peterg} magnicent
[14:47] {peterg} I have to tear away from project involving website design
[14:47] {peterg} yecdh
[14:47] {dino} [14:44] {Threei}  Down
[14:47] {dino} [14:44] {KSystems} keep it with Dow
[14:47] {dino} [14:45] {dino} pain
[14:47] {dino} [14:45] {peterg} row row your boat, gently down the strain
[14:47] {dino} [14:45] {peterg} merrily merrily merrily life is but a drain
[14:47] {dino} [14:45] {Threei}  but a pain
[14:47] {dino} [14:45] {peterg} perfect
[14:47] {dino} [14:46] {dino} i guess the toilet was backed up, spiked
[14:47] {dino} [14:46] {dino} overflow
[14:47] {dino} [14:46] {Threei}  On the market canvas
[14:47] {dino} [14:46] {dino} 100 pt swing 14:44 to 14:46
[14:48] {Threei}  Overflowed toiled
[14:48] {Threei}  Backed up again
[14:48] {dino} where are the entries on junk like thos
[14:48] {Threei}  nowhere... it's wait on a sideline
[14:48] {Threei}  ok... let me sum it up
[14:49] {dino} agreed
[14:49] {dino} allow me sir; simply a coin flip market
[14:50] {Threei}  OK
[14:51] {Threei}  result of collective impulse of creativity:
[14:51] {Threei}  Goes market train
[14:51] {Threei}  Down the drain.
[14:51] {Threei}  Row your boat,
[14:51] {Threei}  Row your boat
[14:51] {Threei}  Gently down the strain.
[14:51] {Threei}  Merrily merrily merrily,
[14:51] {Threei}  Life is but a pain.
[14:51] {Threei}  On the market canvas
[14:51] {Threei}  We are but a stain.
[14:51] {Threei}  Overflowed toilet
[14:51] {Threei}  Backed up again.
[14:51] {Chaeron} we're subject to your poetry now?????
[14:52] {Chaeron} your humor isn't enough???
[14:52] {Threei}  why mine...
[14:52] {Threei}  a few contributors
[14:52] {peterg} Verrry nice!
[14:52] {Threei}  and hey... if you can hadle my humor, you are strong enough to be tested by next degree of torture
[14:53] {Threei}  just be thankful I don't sing
[14:53] {Chaeron} oi
[14:54] {Threei}  oy is right - people have been known to break down windows trying to get out of the zone of horror
[14:55] {dino} this action so random, i am thinking about going bear hunting monday instead of trading
[14:56] {Threei}  wait
[14:56] {patience} calling it a day...starting to do revenge trading because i left money on the table
[14:56] {Threei}  isn't it what we are doing here?
[14:56] {dino} at least then i have a setup
[14:56] {patience} have a good weekend guys
[14:56] {Threei}  patience :)
[14:56] {Chaeron} bye patienc3
[14:56] {KSystems} take care patience
[14:56] {dino} gj patience and have a nice weekend
[14:56] {hawkfan4} cya patience
[14:57] {Threei}  yesterday's log I started with this:
[14:57] {Threei}  I don't know if I am allowed to call a "nice day" one where trading was profitable but the market suffered another horrific blow. Anyway... that's how it shaped up.
[14:57] {Threei}  one of my correspondents sent to me this:
[14:57] {Threei}  Have you ever heard the saying, “Besides that Mrs. Lincoln, how was the play?” Sorta’ fits.
[14:57] {Threei} 
[14:58] {Chaeron} :))
[14:58] {dino} lol
[14:58] {Threei}  good one :)
[14:58] {peterg} soon time for more gruesome humor; in deference
[14:59] {peterg} to genteel sensibilities, I will refrain
[14:59] {Chaeron} I think the definition of a good or "nice" day is a profitable one, period
[14:59] {Chaeron} "Any landing you can walk away from is a good landing"... - some famous pilot
[15:00] {Threei}  hehe
[15:00] {magoo} laser dcc
06[15:00] * magoo slaps laserdave1 around a bit with a large trout
[15:00] {KSystems} my index quotes are gone...where is the dow?
[15:00] {Chaeron} he hasnt answered my DCC
[15:00] {Chaeron} 7545
[15:00] {Threei}  7545
[15:00] {Chaeron} 7558
[15:00] {KSystems} thanks chaeron, vad
[15:00] {Chaeron} 7563
[15:00] {Chaeron} hehehe
[15:01] {KSystems} snapshot isnt working anymore...quotes are being held in ranges from now on
[15:01] {Chaeron} 7572
[15:03] {Threei}  - nomination to be made Monday
[15:03] {Threei}  - Bill Richardson to be named Commerce Secretary{
[15:04] {peterg} hmmmm
[15:04] {dino} dino to fill white house keg tapping position
[15:04] {Geo} so i c you guys are trading like crazy
[15:04] {peterg} peterg wanting doorman uniform with gold braid
06[15:04] * Chaeron slaps Geo around a bit with a large trout
[15:04] {dino} 2 on all dayers
[15:05] {Threei}  isn't it another bank guy?
[15:06] {Threei}
[15:08] {dino} so randomly this should go negative in 30 seconds
[15:10] {dino} sheesh i was joking
[15:11] {Threei}  what bounce C
[15:12] {dino} hod
[15:13] {Threei}  toiled was seriously backed up
[15:13] {Threei}  toilet
[15:13] {Threei}  so, just naming next sec of treasury is enough for rally?
[15:14] {Threei}  I would suggest naming a new one every day
[15:15] {Threei}  problem solved, we have new rally each day, forever
[15:15] {Threei}  eternal bull market, until we run out of population to name
[15:16] {Threei}  look at GG
[15:16] {Threei}  why did we ever sell?
[15:16] {dino} out bj .20, +.80 hours seemed like days
[15:17] {Threei}  C, bounce candidate closer to .50
[15:19] {dptl} have a good weekend all
[15:19] {Threei}  take care dp
[15:22] {dino} later dp
[15:22] {dino} 120 pt drop
[15:30] {Threei}  so, another Fed guy at the helm
[15:30] {Threei}  change it is
[15:31] {wishbone} lol
[15:31] {Geo} change we can live with
[15:31] {Geo} i mean do you really want magoo?
[15:31] {Threei}  well
[15:32] {Threei}  I thought Larry Summers
[15:32] {Threei}  but yeah, I would settle for magoo
[15:32] {Geo} he has too many dead bodies
[15:32] {Threei}  magoo?
[15:32] {Geo} yeah he too
[15:32] {Threei}  I don't care
[15:32] {Threei}  I'd drop by to White House to have a drink with him
[15:32] {Threei}  and brag about it
[15:33] {Geo} didnt know treasury sec lived in the white house
[15:33] {dino} out mcd .30, +1.00
[15:33] {Threei}  why do we need to have a drink where he lives?
[15:34] {Geo} 12:33] {Geo} didnt know treasury sec workedin the white house
[15:34] {Threei}  [15:33] {Threei} why do we need to have a drink where he works?
[15:34] {Geo} heheheh
[15:34] {Geo} ok i really need to trade something
[15:34] {wishbone} nice mcd's dino
[15:35] {Threei}  let Qs drop to 26 and buy it
[15:35] {Threei}  or 25.8
[15:35] {dino} not really wish took hours
[15:35] {magoo} is that a call vad?
[15:35] {Threei}  geo wants to trade something
[15:35] {Threei}  I give ideas
[15:36] {Threei}  with this volatility 40 cents drop for Qs is easy to do,
[15:36] {Threei}  and 26 is former resistance it broke on this last thrust
[15:37] {dino} i just told magoo, i'm going to start to come to work at 2:00 est and leave at close, only time i make $
[15:37] {Geo} nice
[15:37] {Geo} hmmmm no pullback
[15:38] {dino} your 500+ day magoo, imo
[15:40] {Threei}  peter
[15:40] {dino} heres your pullback, lets go down to 340, then up
[15:40] {magoo} after 10 200 bux rinses sigh
[15:40] {Threei}  we don't have any poetry for up days
[15:40] {Geo} 240?
[15:41] {Threei}  we started with rhyming "drain" which pretty much set the tone
[15:41] {dino} 340
[15:41] {Threei}  probably need another one with umm, "sky"?
[15:41] {Threei}  moon?
[15:41] {dino} i'm wrong
[15:41] {Threei}  here comes Qs
[15:41] {dino} hey my b-day went by positive today
[15:41] {Threei}  lol
[15:42] {Threei}  look at this drop
[15:42] {Threei}  40 cents already
[15:42] {Threei}  in one gasp
[15:42] {Threei}  - reminder: Summers was the other leading candidate for Treasury Secretary
[15:42] {dino} geo, split us at 290
[15:42] {Geo} in .25
[15:43] {Geo} half out .35
[15:44] {Threei}  I also came up with book title for whole bailouts galore
[15:45] {Threei}  Salvation That Wasn't
[15:45] {Geo} out rest
[15:45] {dino} senior advisory role, i guess a new position
[15:45] {dino} don't remeber that a cabinet position
[15:45] {dino} 240 geo, nice call
[15:45] {Threei}  and here is 26
[15:46] {Threei}  in and out +.16
[15:46] {Threei}  that was easy
[15:47] {dino} the old gary north book will be coming back, salvation through inflation, from 90s
[15:47] {Threei}  hmm?
[15:47] {Threei}  anyone took Qs off 26?
[15:47] {Threei}  come on, that was prophetic call
[15:47] {Geo} no.. i took previous
[15:48] {Threei}  oracle-worthy
06[15:48] * Threei slaps magoo around a bit with a large trout
06[15:49] * Threei slaps Geo around a bit with a large trout
[15:49] {dino} the coin toss says down
[15:49] {dino} feels up tho
[15:49] {Threei}  next one because he is not here:
06[15:49] * Threei slaps dptl around a bit with a large trout
[15:49] {Geo} ahhhhhh
[15:49] {Geo} back in black finally
[15:50] {Threei}  and this one because he just can't be omitted when it comes to trouting:
06[15:50] * Threei slaps laserdave1 around a bit with a large trout
[15:50] {Geo} took late entry in this spurt
[15:50] {Geo} so patience made what 8k?
[15:50] {Geo} pshhhaw
[15:50] {Geo} 18.10 here
[15:52] {Geo} man i tried hard for an extra credit trout
[15:52] {dino} the coin toss froze the markets
[15:52] {Geo} oh well
06[15:52] * dino slaps Geo around a bit with a large trout
[15:52] {Geo} thanks dino
[15:52] {Geo} can always count oon ya
[15:54] {dino} must be a contra-coin
[15:54] {peterg} sorry missed rhyme time
[15:54] {dino} i'll set it aside
[15:54] {Threei}  it's ok peter
[15:54] {dino} indeed geo
[15:54] {Threei}  we will have a lot of time for poetry for upward days before bull market starts
[15:54] {dino} c'mon i promsed magoo 500+
[15:55] {Threei}  440
[15:56] {peterg} k, took dime on gg for fun
[15:57] {peterg} shdv take20n 
[15:57] {dino} bamm
[15:57] {peterg} taken 20
[15:57] {Threei}  500
[15:57] {peterg} lets get their hopes up before we crush them again
[15:59] {dino} out afam .31, +1.11
[15:59] {Geo} nice
[15:59] {dino} thx, again hours
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a great relaxing weekend
[15:59] {Threei}  see you all on monday
[16:00] {Geo} thanks guys
[16:00] {KSystems} you too vad
[16:00] {KSystems} bye everybody!
[16:00] {dino} thx all, see you at 2 on monday (kidding)
[16:00] {hawkfan4} bye all, enjoy
[16:00] {peterg} bye all

Thursday, November 20, 2008

I don't know if I am allowed to call a "nice day" one where trading was profitable but the market suffered another horrific blow. Anyway... that's how it shaped up.
Session Time: Thu Nov 20 00:00:00 2008

[08:09] {magoo} morning
[08:22] {Threei}  Good morning
[08:25] {magoo} vad:)
[08:43] {magoo} vad..woirking theory at this juncture/
[08:44] {Threei}  everything points out to relentless downward pressure
[08:44] {Threei}  it's just those rallies out of nopwhere that are extremely hard to pin down
[08:49] {Threei}  Berkshire Hathaway is down -40% in the past 45 days
[08:50] {Threei}  Warren Buffett is suffering too
[08:50] {wishbone} gm magoo, 3i
[08:50] {Threei}  wishbone :)
[09:00] {KSystems} Good morning!
[09:02] {Threei}  KS :)
[09:03] {Geo} gm
[09:03] {Threei}  Geo :)
[09:03] {Threei}  VNDA
[09:05] {lisa_jay} Good morning
[09:06] {Threei}  - The FDA has indicated that it has accepted the Complete Response for review and has set a new target action date of May 6, 2009.
[09:06] {Threei}  - Co is a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders
[09:06] {Threei}  lisa :)
[09:09] {dino} gm
[09:10] {Threei}  dino :)
[09:11] {magoo} worried about massive short covering spike..but lets keep short perspective open too
[09:15] {Onix} Good morning all
[09:15] {Threei}  onix :)
[09:15] {Threei}  I don't mind shorting... but have you noticed
[09:16] {Threei}  money we made on l,ong side were fast and furious,
[09:16] {Threei}  like with GS and UAUA yesterday,
[09:16] {Threei}  and any short would be torturously slow and with constant shakeouts
[09:27] {magoo} yep..
[09:31] {Threei}  watching PRU
[09:31] {dptl} good morning all
[09:32] {Threei}  to short the bounce
[09:32] {Threei}  dp :)
[09:32] {Threei}  .85 would be a breakdown
[09:32] {Threei}  16.20 closest resistance
[09:32] {magoo} care naz gpoing up
[09:32] {magoo} carefyul
[09:33] {Threei}  if go for breakdown, keep size smallish
[09:33] {Threei}  couldn't break 16 on this market upward move
[09:34] {magoo} nice  
[09:34] {Threei}  has a good shot at drop to around 15
[09:35] {Threei}  who went for it, cover half on the next leg down
[09:36] {Threei}  GS
[09:36] {Threei}  TRADES BELOW ITS 1999 IPO PRICE OF $53/SHARE
[09:37] {Threei}  stop to above b/e, .90 or so
[09:38] {Threei}  and see if .50 breakdown comes and takes it closer to 15
[09:38] {Threei}  there
[09:38] {Threei}  stop to above .70
[09:41] {Threei}  die PRU
[09:41] {Threei}  50 cents and counting
[09:42] {Threei}  stop to above .50
[09:42] {Threei}  feel free to cover as you see fit
[09:42] {Threei}  I am out .25
[09:42] {Threei}  +.60
[09:42] {magoo} beauty
[09:43] {Geo} in .86 all out .19
[09:43] {Threei}  wtg
[09:43] {Geo} thanks lord vader
[09:43] {Threei}  good patience
[09:44] {Geo} hmmm not done
[09:44] {Threei}  wow, drops even more
[09:44] {Threei}  15 is almost there
[09:44] {Threei}  anyway, let's let it bounce or consolidate
[09:45] {Threei}  MET is available for shorting too
[09:45] {Threei}  a little more volatilie though
[09:45] {magoo} l q .30
[09:45] {magoo} scalp
[09:46] {Geo} coals hammerred
[09:46] {Geo} -11%
[09:46] {Threei}  what isn't
[09:49] {Threei}  well, PRU continuation would be .90 break if stays under 15.10
[09:49] {Threei}  again, keep size reasonable if it triggers
[09:49] {dino} c at 5, ge 13
[09:50] {Threei}  invalidated
[09:50] {Threei}  wow, huge jump MET
[09:50] {Threei}  you out Qs magoo?
[09:51] {magoo} out q here .51+.21
[09:51] {magoo} full lot
[09:52] {Threei}  good one
[09:52] {dino} gj magoo
[09:52] {magoo} not as good as yours boss..but ty
[09:52] {Threei}  considering size, almost as good
[09:53] {Threei}  wouldn't play full lot on PRU
[09:53] {magoo} 300 sh on pru
[09:54] {Threei}  if market recovers more, UAUA formed consilidation with 8 to break
[09:56] {Threei}  C
[09:56] {Geo} kids clothes GYMB
[09:56] {Threei} Long Setup:  C  .75
[09:56] {Threei}  stop under .60
[09:57] {magoo} in
[09:57] {dawg} in
[09:59] {Threei}  what, 10 cents was all?
[10:00] {Threei}  OCT LEADING INDICATORS: -0.8% V -0.6%E
[10:00] {Threei}  NOV PHILADELPHIA FED INDEX: -39.3 V -35.0E
[10:00] {magoo} out
[10:00] {dawg} out
[10:02] {dptl} stopped c -.16
[10:05] {Threei}  that indecent
[10:06] {patience} watch, that will be used to prop up car industry in canada
[10:06] {Chaeron} good morning all... 
[10:06] {Threei}  chaeron :)
[10:07] {Chaeron} stopped out of c myself for -,07
[10:07] {Threei}  PRU woouldn't make new lows
[10:07] {Threei}  too fast
[10:08] {Threei}  was thinking .20 break but it occured before I even started typing
[10:09] {Threei}  huh?
[10:09] {Threei}  they need to talk to each other more
[10:14] {magoo} long q here .11
[10:15] {dawg} in
[10:15] {magoo} .97 stop
[10:15] {dawg} ok
[10:19] {dino} sitting and waiting here
[10:20] {dino} s&p 776
[10:20] {lisa_jay} Pru broke down
[10:20] {magoo} held by .04 dawg
[10:21] {dawg} by our toenails
[10:21] {dawg} magoo
[10:21] {Chaeron} QQQQ - scalped for 0.12 (scared) in .03 out .15
[10:21] {Chaeron} shoot...
[10:21] {magoo} let it run
[10:21] {Chaeron} now it goes
[10:22] {Chaeron} hope you're still in mags
[10:22] {magoo} yup
[10:22] {Chaeron} :)
[10:23] {Threei}  same thing as yesterday
[10:23] {magoo} out here dawg
[10:23] {dawg} out
[10:23] {magoo} pullbk and well reload
[10:23] {Threei}  upward moves are fast and big
[10:23] {dawg} thanks magoo +26 wtg
[10:23] {magoo} dawgh?
[10:24] {dino} sm l mcd .80
[10:24] {magoo} gj
[10:24] {dawg} .)
[10:24] {dino} mcd stop lod
[10:24] {magoo} full lot? can do that with q
[10:25] {dawg} 400 shares magoo for me
[10:26] {magoo} ok..can do more if u keep STOPS
[10:26] {magoo} 1200 here
[10:26] {dawg} working  on increasing share size
[10:27] {dino} hearing voices in my head
[10:27] {magoo} be careful...these are  the worste of times
[10:27] {magoo} the best of times?
[10:27] {dawg} yes appreciate all the help 
[10:27] {Chaeron} what about your gut dino?
[10:28] {magoo} its still there chaer
[10:28] {dino} full of peanuts at the moment
[10:28] {Chaeron} lol
[10:28] {dino} gut say close green, but go down more first
[10:29] {dino} just seems too easy to wash 'em all out today
[10:29] {magoo} u mean gut "timing uncertain" lol
[10:29] {dino} have to "sicker in" new $
[10:29] {Threei}  lol
[10:30] {dino} sucker
[10:30] {dino} mcd $ menu must be kicking butt
[10:32] {Threei}  JASO
[10:32] {Threei}  - JA Solar is expected to contribute its cost-efficient manufacturing and rapid execution capabilities, plus its access to third party silicon and/or wafers, while BP is expected to bring its access to its own silicon and/or wafer supply, provide access to its global customer portfolio
[10:32] {magoo} no one cares with gas at 2.11
[10:33] {dino} hate to agree magoo, but there are more pressing problems than oil/solar
[10:33] {dino} that just got put back another 10 years in development
[10:34] {magoo} with dollar decline..we all gonna be burning bails of US currency in our woodstoves
[10:34] {Threei}  what decline?
[10:35] {magoo} 8 ball says down
[10:37] {dino} mcd stopped -.25
[10:37] {magoo} is it possible to download video from camcorder disc to computer..wife only knows how to download from cell phone
[10:37] {Threei}  Qs pullback into .40 deserves another try
[10:38] {Geo} yup use IEEE 1394 cable (firewire)
[10:38] {Geo} most laptops have it
[10:38] {Geo} should the disc play in the computer?
[10:38] {Geo} shoudlnt
[10:38] {magoo} i have awesome mx footafge of son
[10:38] {magoo} cant get it to computer
[10:38] {Chaeron} youtube it please
[10:39] {magoo} how do i get it from disc to utube
[10:39] {Geo} hehehe chaer he needs to get it to pc first
[10:39] {Geo} if its a disk does it play in pc?
[10:39] {Threei}  don't know what that ABK spike was
[10:40] {Threei}  but it pulled bacxk substantially
[10:40] {magoo} dunno..but it plays on tv
[10:40] {magoo} as in dvd player
[10:40] {lisa_jay} is the q's puyllback still valid Vad?
[10:40] {magoo} why..u wanna come over to  my house and watch it
[10:41] {Chaeron} wish I could
[10:41] {Threei}  I think so lisa
[10:42] {Threei}  take scalp here
[10:42] {lisa_jay} :-(
[10:43] {Threei}  ABK, who went for it, take scalp here
[10:44] {Threei}  DRYS
[10:45] {Threei}  need some pullback for entry
[10:45] {dino} green
[10:45] {Threei}  OK... rally mode?
[10:46] {magoo} feels it
[10:46] {magoo} but chasing here
[10:47] {Threei}  Qs around .80
[10:47] {dino} should pull back to -80 or so
[10:48] {dino} dji i'm talking
[10:48] {Threei}  DRYS
[10:48] {Threei}  half lot around .30
[10:48] {Threei}  agh, late
[10:49] {dino} baltic dry index -6 today
[10:50] {magoo} i looking for mioore down first vad..hurt some more
[10:50] {Threei}  in .18
[10:50] {Threei}  stop under 4
[10:50] {magoo} discxourage late comers here
[10:51] {dawg} in .23
[10:51] {dino} dia sm l .55
[10:53] {dino} dia stop is .14
[10:53] {magoo} missed UAUA
[10:55] {Threei}  out DRYS .40
[10:55] {Threei}  +.22
[10:55] {dino} gj
[10:55] {dawg} out .39 +16 thanks Vad
[10:55] {Threei}  :)
[10:59] {dino} out dia .10 +.55
[11:01] {dino} afam sm l .70
[11:02] {dino} sgr l .00
[11:03] {dino} out afam .20, +.50
[11:03] {Threei}  wtg
[11:03] {dino} ty
[11:04] {Threei}  wow DRYS
[11:05] {dino} out sgr .14, +.14
[11:05] {magoo} quotes are clunky here..anyone else?
[11:05] {magoo} is volume huge today?
[11:06] {dino} i can turn vol. up magoo
[11:06] {Threei}  not really mags
[11:06] {magoo} please do
[11:06] {magoo} maga or mags he he
[11:08] {dino} hmmm, dji shoiuld drop to around -30
[11:08] {Threei}  UAUA lost its mind
[11:08] {Threei}  should pull back now
[11:08] {Threei}  watch DRYS for that telkeportation pattern
[11:08] {Threei}  did it couple times
[11:09] {Threei}  UAUA too
[11:09] {Threei}  see?
[11:09] {Threei}  to 9 and right back to 9.20
[11:10] {dino} bam -29
[11:14] {dino} missed entry, wanted dia .75
[11:17] {magoo} at least UAUA is still following naz vad
[11:17] {magoo} pattern continues
[11:17] {Threei}  yup
[11:17] {Threei}  {GM F}
[11:19] {dino} uh oh
[11:19] {Threei}  DRYS again
[11:24] {Threei}  watch UAUA for scalp on NQ bounce
[11:25] {Threei}  {GM F}
[11:28] {Geo} in .71 2/3 out .92
[11:29] {Threei}  wtg
[11:29] {Threei}  that's exactly the way to play it
[11:29] {Geo} learn from the best hehehehe
[11:31] {Threei}  most likely lower low this time
[11:32] {Threei}  watch for bounce from around .60
[11:32] {Threei}  and NQ of course
[11:33] {dino} hmmm
[11:33] {dino} gj geo
[11:34] {dino} collapse coming
[11:34] {Geo} scratched last 1/3
[11:34] {Geo} Ty dino
[11:34] {dino} pins and needles
[11:37] {dino} dia sm l .35
[11:37] {Threei}  DRYS
[11:37] {Threei}  in
[11:37] {Threei}  .11
[11:38] {Threei}  UAUA .64
[11:38] {Threei}  so fast, can't post in time
[11:38] {dino} out .75, +.40
[11:38] {Geo} UAUA in .68
[11:38] {Threei}  out DRYS .24 .25
[11:39] {Threei}  out UAUA .77 .88
[11:39] {Threei}  .77 and .78
[11:39] {Threei}  both gave nice delaay for entry when NQ jumped
[11:39] {Threei}  if you watched them you could see clearly moment for entry
[11:40] {Geo} out .83 .......
[11:41] {dino} gj
[11:41] {dino} waiting for dia again at .35
[11:42] {dino} bit more fun today, huh?
[11:42] {Threei}  certainly
[11:42] {Threei}  there is some spark
[11:43] {Threei}  vs this dull bleak endless slide
[11:43] {dino} ironically, when i'm scalping i have more fun
[11:43] {Threei}  instant gratification... :)
[11:43] {Threei}  always fun
[11:44] {Threei}  that's why dp prefers vodka over beer
[11:44] {dino} i said to magoo, i'm an idiot, struggled this week because no more capits/euphoric setups, took me until now to "see" that. like banging my head against wall
[11:44] {Threei}  gratification comes faster
[11:44] {dino} sort of like a quickie
[11:45] {dino} expected patience to slap me for that
[11:45] {Threei}  I won't go there, leave you to be trouted by girls
[11:45] {dino} in any case, my edge was taken away, so back to scalps
[11:45] {Geo} i think of a quickie like a modified hug
[11:46] {dino} lol
[11:46] {Threei}  or glorified handshake
[11:46] {Geo} yup
[11:46] {Geo} just have to convince the other(s)
[11:46] {Threei}  great... now girls have three of us to slap
[11:47] {dino} :)
[11:47] {dino} thats the thing they make those purple pills for wrong sex
[11:48] {dino} back to work
[11:48] {patience} i step away for a few minutes....
[11:48] {dino} ;-)
[11:48] {Threei}  and lisa didn't hold the fortress
[11:49] {dino} sell fortress
[11:49] {dino} fig 1.94, wasn't that the ipo about a year ago around 35
[11:50] {Threei}  seriously... can you believe DRYS at 4?
[11:51] {dino} going out of business i think 3i, lots of debt, 70% of contracts expiring, and the current rates are losers
[11:52] {dino} also, doing a secondary
[11:52] {Threei}  this is incredible, how things can go so wrong so fast
[11:53] {dino} yeah, at least the 2000 top took 3 years to unwind
[11:53] {dino} we take 3 months
[11:53] {patience} we still have complete sectors to unwind....commercial real estate for example
[11:53] {dino} look kbr trades at cash
[11:53] {Threei}  no kidding
[11:53] {dino} sgr just about too
[11:54] {Threei}  scariest thing is, there are so many spots in economy that is far from being unwound
[11:54] {Threei}  how whole auto debacle is going to play out,
[11:54] {dino} i believe the problem is no financing for takeovers, so nothing gets taken out of system
[11:54] {Threei}  what about all those CDs
[11:54] {dino} cdo's?
[11:54] {Threei}  insurance contracts for BRK went up hugely
[11:55] {Threei}  yes
[11:55] {dino} ironically most are still paying, something like 5% default rate, but nobody thinks rationally
[11:55] {Threei}  there are voices that whole Buffet enterprise is under serious threat of being ruined
[11:56] {dino} if i had cash and time, i'd be buying them less than .50 on the buck
[11:56] {dino} i hear you, ge too
[11:57] {patience} my father's advice to me....spend your cash on property when the fed governmetn sell theirs to raise funds rather than taxes
[11:57] {dino} good advice
06[11:58] * patience slaps hawkfan4 around a bit with a large trout
[11:58] {patience} oops
[11:58] {patience} how did that happen
[11:58] {dino} i'll crack you up, yesterday i bid a 980 sq ft foreclosure at $55k
[11:58] {dino} the price of a nice car
[11:58] {patience} did you get it?
[11:59] {dino} no response yet, but something tells me in the low 60s i will.
[11:59] {dino} my last one sold 10/25, 5 months did 28%
[11:59] {patience} sweet
[11:59] {dino} ironically, this one will make me more %-wise
[12:00] {dino} sm l dia .35, stop .97
[12:00] {dino} too soon
[12:00] {dino} keep[ the stop
[12:02] {dino} stopped -.38
[12:04] {Threei}  wow
[12:04] {Threei}  nice drop UAUA
[12:04] {Threei}  {F GM}
[12:06] {Threei}  took .04, can't ignore such tight stop
[12:06] {dino} lol, just give the companies to the union, let them run it
[12:06] {Threei}  yeah, and take jets away
[12:06] {Threei}  half out UAUA .14
[12:06] {Geo} well take good care of it
[12:06] {Threei}  out in full
[12:06] {Threei}  .21
[12:07] {dino} dia rinse
[12:07] {Threei}  anyone took UAUA?
[12:07] {Geo} late
[12:07] {Threei}  come on guys... on risk alone that was worth a try
[12:07] {Geo} was at .08
[12:07] {dawg} dawg did 
[12:07] {dino} not i
[12:07] {Threei}  whew
[12:08] {Threei}  for some reason this hoopla about jets irritates me to no end :)
[12:09] {dino} ny jets?
[12:09] {Threei}  populist nonsense, pure distraction needlesly adding to anger in emotionally charged situation
[12:09] {Threei}  no, private jets
[12:10] {dino} ohh, missed that
[12:10] {Threei}  I would never expect CEO of company of this scale to waste whole day in airports in order to get to and from meeting
[12:10] {Threei}  and particular CEO's performance has nothing to with it
[12:10] {wishbone} uaua in .10 out full .2 off q's
[12:11] {Threei}  high five wishbone
[12:11] {wishbone} ty3i
[12:11] {dino} apparently he should have, not like they have helped these companies. least they could have done was jet-pool it
[12:11] {Threei}  is high-fiving a bad taste?
[12:11] {dino} gj wishb
[12:11] {Threei}  DRYS 20 cents bounce
[12:12] {Threei}  money is easy today if you are focused
[12:12] {wishbone} ty dino
[12:12] {Threei}  and don't allow the boredom of last few days to overcome you
[12:14] {magoo} i was on anything?
[12:15] {Geo} yes in 3i's jet usage discussion
[12:15] {wishbone} should i use isld or arca for Nasdaq issues?
[12:15] {dino} oh, magoo, btw, no more limo use on weekends
[12:15] {Geo} you all are always welcome to jetpool with me.......
[12:16] {Geo} i prefer isld wishbone
[12:16] {Geo} for everything
[12:17] {wishbone} lvl 2 defaults arca.....ty geo
[12:17] {dino} thx geo
[12:18] {magoo} dont take away my ride dinooooooooooooo
[12:20] {dino} afam sm l .80
[12:22] {Threei}  - Bond, Levin, and Voinovich to hold press conference at 2:30pmET to discuss the details of the plan
[12:22] {dino} is that james bond
[12:22] {Geo} i will not be surprised if the big 3 push in socialized medicine in USA
[12:24] {dino} they are getting the $25 billion that was earmarked for hybrids/etc towards staying alive
[12:24] {dino} and yes geo, politics i'm sure
[12:24] {dino} green dji
[12:29] {Threei}  whoa
[12:29] {Threei}  F and GM
[12:30] {dino} hod dji
[12:35] {dino} well theres the 350 pt range as usual
[12:35] {wishbone} can c be shorted?
[12:36] {Threei}  availability wis\e, yes
[12:36] {wishbone} how do you know if shortable? is there a list?
[12:37] {Threei}  just try to send an order way above current price
[12:37] {Threei}  at 6
[12:37] {Threei}  and see if it goes through
[12:37] {dino} $7 million book deal palin
[12:39] {wishbone} ok....iis "rejected short selling c.....advance features not allowed" the message?
[12:40] {Threei}  you probably have hidden order
[12:40] {Threei}  which is not working in all markets
[12:41] {Threei}  turn that off and you'll get order in
[12:41] {wishbone} oh ok ty3i
[12:42] {Threei}  GM tries for break
[12:42] {Geo} lots of levis for your pleasure dino
[12:49] {dino} :)
[12:52] {lisa_jay} GM - what a breakout.
[12:53] {Threei}  not too shabby eh?
[12:53] {Geo} in .28 out .68
[12:53] {Geo} 300 shares
[12:53] {Threei}  wtg
[12:53] {lisa_jay} I did not take it though
[12:54] {Geo} sheesh all the way back
[12:54] {Threei}  in .39
[12:54] {Threei}  stop under .30
[12:55] {dawg} in .37
[12:56] {Threei}  half out .45
[12:56] {dawg} 1/2 out
[12:57] {Threei}  out full .61
[12:57] {Threei}  nice and easy
[12:58] {dawg} out in full .60
[12:58] {Threei}  first out was .55
[12:58] {Threei}  typing too fast
[12:58] {dawg} yes sir
[13:00] {Geo} in 40 all out 54... TY vad
[13:01] {Chaeron} shucks, just got back and missed all the profits...
[13:01] {dino} out afam .30, +.50
[13:01] {Geo} hey chaer
[13:01] {Threei}  chaeron :(
[13:01] {Threei}  first easy day this week
[13:02] {Chaeron} good... start a pattern... the hard days took long enough to pass.....
[13:03] {magoo} vad
[13:03] {magoo} im eating bacon here
[13:04] {Threei}  I pretend I don't care
[13:04] {magoo} key word pretend he he
[13:12] {Threei}  I am not sujre why GM and F react on this news so enthusiastically
[13:13] {dino} strange, market drops afam continues up
[13:13] {Threei}  no one seen strings attached, there could be simple bridge loan or there could be far-reaching agreement whiping out common
[13:13] {Threei}  look at GM drop
[13:13] {Threei}  it heard me?
[13:15] {Threei}  and this jump means it dismissed my musings?
[13:21] {Chaeron} think you just got taken very seriously
[13:21] {Threei}  now it reviewed them and decided they deserve considerations
[13:23] {Threei}  {GM F}
[13:23] {Threei}  oh great
[13:24] {dawg}  10 cent scalp in C off Q's bounce thanks Vad
[13:24] {Threei}  we are back to those days of bailout-no bailout every 5 minutes
[13:24] {Threei}  I'll take the credit if you insist... but I don't remember calling it
[13:24] {dawg} sorry in UAUA got to excited 
[13:25] {Threei}  whatever... you are welcome :)
[13:25] {dawg} learning the technique from you though
[13:25] {dawg} only trading 200 shares but still exciting for me
[13:26] {Threei}  MPP describes procedure of raising share size in details
[13:26] {Threei}  follow the procedure to the letter, you'll be fine
[13:27] {dawg} i have read that and am trying to follow cool beans 
[13:30] {Threei}  CBC is discussing buy and hold
[13:30] {Threei}  negative bias
[13:30] {Threei}  I think it's a first time ever I hear that on "official TV"
[13:31] {magoo} what is this "MPP" of which u speak so fondly?
[13:32] {dawg} Master Profit Plan magoo Vad's book
[13:37] {magoo} gotcha lol
[13:38] {dawg} .)
[13:39] {dino}   i want bartriromo to say it's time to short
[13:44] {wishbone} bartriromo....?
[13:46] {wishbone} ahhhh....just googled it.......maria......don't get get cnbc here anymore
[13:46] {dino} bwishbone,  years ago, i think july 2003, she started to tell listeners it was time to learn to short. that was the ultimate low and the rally that lasted until october 2007 took place
[13:47] {Threei}  march 2003
[13:47] {Threei}  sigh
[13:48] {wishbone} yeah sounds like early 2000  when all pundites said buy....
[13:49] {wishbone} least she's easy on the eyes
[13:49] {dino} lol
[13:50] {Threei}  MTB
[13:52] {Threei}  $1 scalp
[13:53] {Threei}  wow... out too soon
[13:53] {Threei}  could have $2
[13:57] {Threei}  DRYS
[13:58] {Threei}  near 4 again
[13:58] {Threei}  bounce candidate with market
[13:58] {magoo} u in drys? how about UAUA?
[13:58] {Threei}  want to see NQ starting up
[13:58] {Threei}  UAUA not sure
[13:59] {magoo} ok
[13:59] {Threei}  if .10 getting hit on DRYS
[13:59] {Threei}  big offer by NSSSX
[13:59] {Threei}  in
[13:59] {Threei}  .11
[14:00] {dawg} in 
[14:00] {magoo} in 12
[14:01] {Threei}  GM
[14:02] {Threei}  I hate this news barrage
[14:02] {Threei}  market reacts on it
[14:02] {Geo} and its tough to type it all in here
[14:03] {Threei}  distorts trades
[14:04] {Threei}  DRYS was ready to take off
[14:04] {magoo} stop?
[14:04] {Threei}  under 4
[14:06] {Threei}  - It's naive to blame crisis on the Lehman collapse.
[14:06] {Threei}  - Obama team will have to decide on the future of the GSEs.
[14:06] {Threei}  - Warns against moving too quickly on regulation in response to the crisis
[14:14] {Threei}  Reid speaking
[14:20] {Threei}  - Prepared to hold legislative session in the first week of December. Automakers will have the chance to make their case at that time.
[14:20] {Threei}  - Believes that President Bush already has the authority to provide automakers with aid under the existing TARP program.{GM F}
[14:21] {Threei}  Paulosn, Reid and Pelosi, all speaking in tunrs - can these three kill the market?
[14:22] {magoo} mkt took a hit
[14:22] {dino}   yes they can
[14:23] {dino} the do nothing congress
[14:23] {Threei}  DRYS vs 3 Mean Speakers
[14:23] {dino} again, the way i see it is it's plain and simple, yes or no, get on
[14:23] {Threei}  so far DRYS is holding his own
[14:23] {magoo} with magoo financial future hanging in the balance
[14:23] {Threei}  not the way they see it...
[14:23] {dino} drys, yes holdinging its own from 115, lol
[14:24] {Threei}  for them it's yes but give us a chance to look good
[14:24] {Threei}  lol, what mean thing to say dino
[14:24] {Threei}  stock is fighting for dear life at 4
[14:24] {Threei}  and you discourage it
[14:24] {magoo} really...magoo downgrades drys from buy to mkt perform
[14:24] {dino} well, you know, magoo says i'm a mean guy
[14:25] {Threei}  and considering the source...
[14:25] {Threei}  I mean, anyone considered mean by magoo mush be pure evil
[14:25] {Threei}  woohoo - Barney Frank joined the three
[14:26] {dino} live in sin, come on in
[14:26] {Threei}  market wrapped it arms around its head, closed eyes, said "this is too much", hanged a stone on rope around its neck and jumped off the cliff
[14:28] {Threei}  Dodd and Frank are going to be instrumental
[14:28] {magoo} time to watch that movie again dino
[14:28] {Threei}  do you feel relief?
[14:28] {dino} yes magoo, nobody picked up that
[14:29] {dino} stephen king, storm of the century
[14:29] {Threei}  I love it
[14:29] {dino} live in sin....
[14:29] {magoo} give me what i want...and i will go away
[14:29] {Threei}  give me what I need and I'll go away
[14:30] {dino} this market is king's hell statement
[14:30] {dino} "hell is repetition"
[14:31] {dino} 3i, ahhh, you've seen it
[14:31] {Threei}  one of my favs
[14:33] {dino} ok, coin flip, sm l dia  .15
[14:34] {magoo} a mkt collaspe here will just destroy whats left of any wimper of hope
[14:35] {Threei}  I see glass half full
[14:35] {Threei}  market simply showed that its very willing to go up if give any slightest reason to do it
[14:36] {patience} tsx -501    good day for me though with goldcorp
[14:36] {dino} the optimist
[14:36] {dino} gj patience
[14:37] {patience} talk to me at 3:45....then i start swearing
[14:37] {dino} lol, stop by for a beer then, seems we have been having more lately
[14:38] {patience} i have quit drinking while on my diet...down 47 pounds since june 1
[14:38] {Threei}  are automakers supposed to prepare one plan or a plan for each of these talking heads?
[14:38] {dino} wow!
[14:38] {Threei}  'cause if it's just one, why they all repeat it?
[14:38] {dino} hell, 3i thats why
[14:38] {hawkfan4} holy smokes, nice job patience!
[14:39] {patience} running past ese's house....that must be what does it
[14:39] {wishbone} that's a small child patience....nice work!!!!
[14:39] {patience} ty..feels good, still want to go more
[14:39] {dino} great job
[14:40] {dino} out dia .55, +.40
[14:40] {patience} nice
[14:40] {hawkfan4} I need to get moving, signed up for the Big Sur marathon in April
[14:41] {patience} i'm doing a marathon last week of april too
[14:41] {hawkfan4} nice :)
[14:42] {dino} afam sm l .10
[14:45] {Threei}  they are done I think
[14:47] {Threei}  - Auto industry executives failed to appreciate that an "unconditional bailout" was unlikely. Executives admitted no culpability for the industry's problems.
[14:47] {Threei}  ahhh... that's it
[14:47] {Threei}  they didn't sprinkle ashes on their heads
[14:47] {patience} they should have flown with the hoi poi instead of private jet
[14:48] {Threei}  I guess they would get their 25B if they walked
[14:48] {dino} already have it, was awarded in prior bill a month or so ago, but to be used to retool/hybrids/etc, they want it for whatever purposes
[14:50] {Threei}  don't you feel thisall is horribly behind the curve?
[14:50] {Geo} unusual repulsion to below 4
[14:50] {Threei}  I mean, they start making alternative fuel cars now
[14:51] {Threei}  oil stabilizes at some low levels,
[14:51] {Threei}  new cars cost seriously more
[14:51] {Threei}  people shrug and say why would we want to pay such premium
[14:51] {Threei}  and they are again losing sales
[14:52] {dino} mcd hl l .75
[14:52] {Threei}  the whole notion "they didn't build cars people wanted" doesn't ring true to me
[14:52] {Threei}  people wanted big SUVs, they built them
[14:52] {Threei}  that was most profitable and active segment
[14:54] {dino} stopped -.27 mcd
[14:56] {dino} agreed 3i
[14:56] {dino} i won't buy one, they cost 10-20k more, buy alot of gas for that
[14:56] {Geo} out
[14:56] {dino} hybrids i mean. suv's i luv, own 2
[14:58] {Threei}  I have this feeling that if something kills big 3 ultimately, it's going to be this help, lol
[15:05] {Threei}  "they are flying private jets" is now an inalienable part of all big 3 discussions
[15:05] {Threei}  media is the message...
[15:07] {Threei}  if I were in their shoes, first time I heard this "you came to beg for money", my reaction would be
[15:07] {Threei}  wrong. I don't ask for anything. I offer you a deal that is going to be good for both of us.
[15:07] {Threei}  Reject it, we both suffer.
[15:07] {Threei}  Accept it, we both win.
[15:08] {Threei}  If you insist on my self-humiliation as a condition for the deal, screw you.
[15:08] {Threei}  I walk.
[15:08] {patience} you're doing all my major purchases in future vad
[15:08] {Threei}  who pays?
[15:08] {Threei}  :)
[15:09] {Geo} i dont know vad
[15:09] {Geo} i would rather be humiliated get money and make 30 mill  a year
[15:09] {patience} ok, i'm switching to geo
[15:09] {Geo} lol
[15:09] {Threei}  you think they personally still don't have enough?
[15:09] {Threei}  heh
[15:09] {patience} did i tell you i was a blonde
[15:09] {Geo} i mean tits never enuff
[15:09] {Geo} umm its
[15:09] {Threei}  ummm
[15:10] {Threei}  lisa is probably still not here
[15:10] {patience} now that has me rolling around laughing
[15:10] {Threei}  that could be the onlty reason Geo is still unslapped
[15:10] {Geo} hey !!
[15:10] {lisa_jay} what?
[15:10] {Threei}  freudian slip eh?
[15:10] {Geo} genuine (freudian) slip
[15:10] {Threei}  scroll up, lisa :)
[15:10] {Geo} comeon vad
[15:10] {Geo} edit !!!!!
[15:11] {Threei}  no way
[15:11] {Threei}  best freudian slip I've seen in ages
[15:11] {Geo} i mean if i job description said....... make 30 mill a year get chewed out once a few yrs
[15:11] {Geo} i would take it
[15:12] {lisa_jay} lol
[15:12] {Threei}  of course, suggesting a deal I would make sure I am damn well prepared
[15:12] {Threei}  all numbers and projections are in place
[15:13] {Threei}  then it's up to them, deal in numbers or insist on idiotic "your intonation was not begging enough"
[15:14] {Threei}  oh, and if I were an owner of the company ofd this scale and CEO insisted on flying commercial from meeting to meeting, I would have fired him for utter waste of precious time
[15:17] {patience} optics of spending 20K on flight for 3 can't fight it
[15:18] {KSystems} cut his wages so his time isn't precious enough anymore for commercials
[15:18] {KSystems} thats what they want to hear, huh?
[15:18] {Threei}  if that's what makes decisions now, this country goes to hell
[15:18] {patience} patience reaches for Atlas Shrugged to see which page that comment was on
[15:19] {dino} geo, lol
[15:19] {Threei}  on every page, actually :)
[15:19] {patience} true
[15:20] {muddleheaded} Vad, are you trying out any new IntellIscan alerts?
[15:20] {Threei}  not really... 14 windows is more than enough, lol
[15:20] {dino} s&p 775
[15:20] {dino} lod
[15:20] {KSystems} how many screens you have, vad?
[15:21] {Threei}  4
[15:23] {muddleheaded} So same layout for this market? Not stressing shorts?
[15:23] {patience} ok, looking at picking up some Agrium for a relief bounce
[15:24] {Threei}  there are quite a few windows for shorts in my layout
[15:24] {dino} breaking support
[15:24] {Threei}  they cover all markets
[15:24] {dino} going to 7000 imo, soon, not today, but soon
[15:25] {dino} afam stopped -.50
[15:25] {patience} tsx is down 663 points...options jerking us around
[15:28] {muddleheaded} I was just wondering if you had covered up some bullish alerts with bearish alerts thats all. 
[15:28] {Threei}  there are all of them among those 14
[15:29] {magoo} this mkt still blows
[15:29] {magoo} 233 down
[15:29] {Threei}  ah come on
[15:29] {Threei}  good day
[15:29] {magoo} not now
[15:29] {Geo} -1.5  heheheh
[15:29] {magoo} just missed 3
[15:29] {Geo} made a few mistakes
[15:30] {dino} 6 of 10
[15:30] {Geo} vad how do just take the right trades?
06[15:30] * Geo hides
[15:30] {Threei}  that's platinum membership
[15:30] {Geo} sheesh
[15:31] {Geo} the one with private jets only?
[15:31] {Threei}  right
[15:31] {dino} 3:40 bounce? hmmm
[15:31] {wishbone} vad should open up his own "Psychic friends network"
[15:31] {Threei}  lol
[15:32] {dino} -14% since fri high
[15:32] {dino} wrong
[15:32] {dino} yes
[15:33] {patience} dino, you on that network with vad?
[15:33] {Threei}  new prez must be sitting quietly in the corner hinking "why did I need to win this? can we have a muligan?"
[15:34] {Geo} they are already saying
[15:34] {Geo} forget new new deal
[15:34] {dino} lol
[15:34] {Geo} clean up the old new deal forst
[15:34] {Threei}  oil under 49
[15:35] {Geo} cux fre fnm uaw all part of old new deal
[15:35] {dino}  it's all my fault, i switched to gas in sept. from oil, and that has decimated all markets
[15:36] {dino} c 4.76
[15:37] {dino} ge hit 12.50
[15:37] {dino} ms 9
[15:39] {dino} here comes my b-day again
[15:39] {KSystems} lol
[15:39] {Threei}  BOHICA
[15:39] {dino} 550 pt range +/-
[15:40] {magoo} u dont think this mkt blows?
[15:41] {muddleheaded} Check out this guys Dow prediction for this week. So far pretty good.
[15:42] {wishbone} how to cut for pasting from Mirc?
[15:42] {dino} relentless
[15:43] {dino} [15:25] {dino} going to 7000 imo, soon, not today, but soon
[15:43] {dino} i didn't mean today
[15:43] {dino} sheesh
[15:43] {dino} only 500 to go
[15:43] {KSystems} this has to be a lot easier for someone who is completely new to this
[15:44] {dino} history in the making
[15:44] {patience} i'm with you KS....I'm hesitating pulling trigger to get agrium...
[15:44] {patience} and i know i can scalp it
[15:46] {patience} but life is short and sweet and so am i, so here we go
[15:46] {dino} wmt holds flat
[15:47] {dino} deck, wmt, apol green
[15:49] {dino} losing 8%/day lately, so in 10 days we should bottom around zero
[15:50] {dptl} have a good evening all
[15:50] {dino} u2 dp
[15:50] {Threei}  take care dp
[15:50] {KSystems} bye dp
[15:51] {dawg} another 15 cent  scalp off Q's bounce in UAUA
[15:51] {Threei}  thgings become easy when you get the pattern down eh dawg?
[15:52] {dino} gj dawg
[15:52] {dawg} yes sir and i do thank you for teaching me!
[15:52] {dawg} ty dino
[15:56] {peterg} omigod, I am checking in for the finale
06[15:57] * KSystems is listening to Orff - Carmina Burana
[15:57] {peterg} nice
[15:57] {KSystems} fits
[15:57] {Threei}  carmina buranas?
[15:57] {Threei}  try Burma Shave
[15:57] {Geo} c spike
[15:58] {Threei}  I don't see news
[15:59] {wishbone} ya geo thought about c long there....but hesitation has no destination
[15:59] {Threei}  bell brings salvation
[16:00] {patience} quick, turn off the lights
[16:00] {Threei}  turn those machines off
[16:00] {peterg} how did we do today?
[16:00] {peterg} or read log ok ok
[16:00] {Threei}  first half of the day was pure beauty
[16:01] {Threei}  then PTB opened their big mouth
[16:01] {wishbone} lol
[16:01] {peterg} pt barnum cirdcus man
[16:01] {peterg} ?
[16:01] {Threei}  and blabbed about saving us
[16:01] {Threei}  until finally dsaved into -430 DJI
[16:01] {Threei}  Powers That Be
[16:02] {peterg} ck
[16:02] {Threei}  also,
[16:02] {dino} the stability they have provided is quite amazing
[16:02] {Threei}  they so concerned about big 3 ceos flying in private jets
[16:03] {Threei}  that Boing dropped 2 and half points
[16:03] {Threei}  yep, we are pretty much stabilized by them now
[16:03] {muddleheaded} Thanks everybody, have a good night.
[16:03] {Threei}  isn't it incredible... they truly have no slightest idea what they are doing
[16:04] {Threei}  OK guys, have a good evening
[16:04] {magoo} mkt gonna be 3000 by next thurs at thuis rate
[16:04] {Threei}  see you tomorrow
[16:04] {Threei}  mags...
[16:04] {lisa_jay} thanks vad
[16:04] {Threei}  do we buy there or do we wait for zero?
[16:04] {magoo} how can it sell off everyday???
[16:05] {dino} i agree 3i, i think the traders/hedgies/funds/etc, see that we are being led by a bunch of celebrities, not knowledgable people
[16:05] {Geo} arent treasure rates the lowest ever?
[16:05] {Threei}  and that doesn't really instill confidence, eh?
[16:05] {Geo} looks like the great flight to treasuries ever
[16:06] {Threei}  In Paulson's speech today he didn't once refer to the source of the problems being he and his Wall Street colleagues who agreed to build the previous Bull on the back of a ponzi scheme called credit default swaps. At the point he departed Wall Street to join the Treasury Dept, he had to have known that there was no way for his industry to unwind those positions and that as soon as the Bears and Lehmans failed, which broke the credit ring, the game was over.
[16:07] {dino} greenspan just as much at fault too. 
[16:07] {Threei}  oh yeah
[16:07] {Geo} thats liars loker guy wrote a great article too
[16:07] {Geo} poker
[16:08] {dino} read it, thx geo, you posted it prior
[16:08] {dino} that liars poker book was good book too
[16:09] {Geo} why do i get the feeling scretly chaer has been betting against all this
[16:09] {Threei}  interesting thing to me in this day trading is,
[16:10] {Threei}  stocks go down like you need to drag them by the leash
[16:10] {Threei}  but as soon as upward impulse appears, they jump like crazy, seemongly knowing no limit
[16:10] {magoo} but vad..we hit 490 down AGAIN...
[16:10] {dino} for all of 10 minutes
[16:10] {Threei}  sure
[16:10] {Geo} like beach balls
[16:10] {Threei}  I am talking about the weay they trade
[16:11] {magoo} thats cause 100 dollar stox are 4 bux
[16:11] {Threei}  down is slow and torturous
[16:11] {patience} you don't think it isn't program trading
[16:11] {Threei}  up is fast, furious, easy
[16:11] {Geo} at this rate the program guys wont have much to trade
[16:11] {Threei}  I don't know
[16:12] {Threei}  sometimes it's easy to spot programs
[16:12] {Threei}  sometimes it's impossible
[16:12] {Threei}  easy to spot only those that work for quick scalping
[16:12] {dino} i think it's liquidations, by all, hedgies, mutual funds, individuals, pensions, etc.
[16:12] {Geo} agree dino
[16:12] {Threei}  that teleportation pattern we noticed and exploited quite a few times is certainly program trading
[16:12] {dino} insurers, banks, brokers, shall i go on?
[16:13] {Threei}  yeah dino
[16:13] {Threei}  a lot of it is forced
[16:13] {patience} i did too dino, but selling before tax cutoff day for the year, 30 days hence...thought big redemptions were done
[16:13] {Threei}  redemptions, margin calls
[16:13] {dino} my god wait until statements go out at end of month
[16:13] {Threei}  tax selling
[16:13] {magoo} good news is when market hits zero vad...odds are in our favor to go long
[16:13] {dino} they will pop it up 800 pts last two days to try and take some pain out
[16:13] {Geo} lol
[16:13] {Threei}  well mags,
[16:13] {Threei}  let's say not huge odds... but a bit more favorable than now
[16:14] {dino} i have a friend that wanted to retire next year, not happening now
[16:14] {Threei}  I am sure that's a very common situation these days
[16:15] {Threei}  Bush said "this sucker could go down"?
[16:18] {dino} so much for lame duck
[16:19] {dino} s&p has given back 11 years of gains
[16:23] {Threei}  payback is a b*tch
[16:25] {dino} gn all
[16:25] {Threei}  take care, see you tomorrow

Wednesday, November 19, 2008

Nov 19 2008

Another miserable day for the markets. Trading is choppy. A few good trades, a few stops, then couple nice hits on GS and UAUA made a day profitable at about average level. But fun it isn't, too much like work

Session Time: Wed Nov 19 00:00:00 2008

[08:01] {magoo} morning comrades
[08:06] {Threei}  good morning
[08:11] {magoo} :)
[08:12] {Threei}  I see yesterday's last minutes action has all observers puzzled
[08:15] {magoo} really...q's powered up hard afterhours
[08:16] {magoo} news FSLR vad?
[08:19] {Threei}  11/19/08 08:01am
[08:19] {Threei}  [FSLR] First Solar Inc. Price Target lowered to $120 from $170 at Friedman, Billings, Ramsey, maintains market perform rating
[08:20] {Threei}  also in this sector, LDK reported earnings
[08:20] {Threei}  06:10am [LDK] Reports Q3 $0.77 v $0.71e, R $541.8M v $486.7Me
[08:29] {magoo} ty
[08:30] {Threei}  OCT CONSUMER PRICE INDEX M/M: -1.0% V -0.8%E;
[08:30] {Threei}  CPI EX FOOD-ENERGY M/M: -0.1% V 0.1%E
[08:31] {Threei}  - CPI y/y: 3.7% v 4.0%e
[08:31] {Threei}  - Core CPI Y/Y: 2.2% v 2.4%e
[08:37] {Threei}  that's it
[08:37] {Threei}  magoo... I will take care of eye patches
[08:37] {Threei}  get a few parrots
[08:37] {Threei}  chaeron will bring wooden legs
[08:37] {Threei}  we need to change careers
[08:38] {magoo} pirates extoted 50 million last year
[08:38] {magoo} in ransom...lucrative
[08:39] {Threei}  don't you find it hard to believe this can go on in modern world for any period of time excedding couple months?
[08:40] {Threei}  I mean, everyone knows who they are and where they strike
[08:41] {magoo} hell, they see where the saudi tanker is currently anchored
[08:41] {Threei}  yeah, it's not like you can hide oil tanker, lol
[08:51] {magoo} unless we give the 45 billion of TARP
[08:51] {Threei}  but then we won't have enough for pirates
[08:55] {magoo} goldman ups rimm target to 68
[08:55] {magoo} he he..timing uncertain
[08:55] {Threei}  but of course
[08:55] {Threei}  is there anything in life with certain timing?
[08:56] {magoo} im certain today i will be mad at one of your calls..its a certainty lol
[08:57] {Threei}  MPEL
[08:57] {Threei}  yes, but can you tell me WHEN it's going to happen?? :)
[08:58] {lisa_jay} Good morning everyone.
[08:58] {Threei}  lisa :)
[08:59] {magoo} i can..u been misdsing your second call everyday
[09:00] {Threei}  hmm?
[09:04] {magoo} im teasing u lol
[09:04] {hawkfan4} gm all
06[09:05] * magoo slaps Threei around a bit with a large trout
[09:05] {magoo} there,..feel better?
[09:06] {KSystems} Good morning!
[09:06] {Threei}  hawk, ks :)
[09:06] {Threei}  I still think the timing of you getting mad at me is uncertain
[09:06] {Threei}  unless you can tell me it's going to happen at, say 11:12 am
[09:07] {Geo} gm
[09:07] {Threei}  geo :)
[09:08] {magoo} its going to happen 2 minutes after your second trade..OK?
[09:08] {Threei}  ah OK
[09:08] {Threei}  conditional timing
[09:09] {magoo} so if u refuse to make more than 1 call today..u may think..hey magoos not mad
[09:09] {magoo} but wrong..because then i am mad that u are not doing anything
[09:09] {magoo} so heck,,make the call..i get mad...we move on he he
[09:09] {Threei}  complicated...
[09:10] {magoo} im a complicate guuy
[09:10] {Threei}  can you just get mad at me now, so we get it out of the way?
[09:10] {magoo} i am starting too he he ..yes
[09:10] {Geo} sheesh you guys bicker like old BFFs
[09:10] {KSystems} BFF?
[09:10] {Geo} best friends forever
[09:10] {KSystems} ahhh
[09:10] {cosmo} psyco-drama .... good therapy
[09:10] {Geo} there is a show on MTV
[09:11] {Geo} i want to be paris hilton's BFF
[09:11] {Geo} watch it for american culture K
[09:13] {ese} good morning everyone.........just call me Mr observer these's a music teachers lot in life at this time of the year
[09:14] {Geo} hey ese
[09:14] {ese} geo
[09:14] {Threei}  ese :)
[09:14] {ese} morn vad
[09:14] {dptl} good morning all
[09:14] {Threei}  dp :)
[09:15] {ese} dp......
[09:15] {dptl} :)
[09:16] {Onix} Good morning all
[09:16] {ese} onix
[09:17] {Threei}  onix :)
[09:17] {dino} gm all
[09:17] {Threei}  dino :)
[09:17] {Onix} hi dino
[09:18] {dino} :)
[09:19] {dino} i guess w/these pirates, if you steal big enough "prize", owners will pay rather than lose lose it. sort of like mafia, pay for protection
[09:25] {cosmo} osip,idmi,teva...Pharm stocks
[09:26] {lisa_jay} Premarket movers Cosmo?
[09:26] {cosmo} looks like
[09:26] {cosmo} checking
[09:26] {lisa_jay} CMCSA
[09:27] {cosmo} # Teva gets FDA approval for generic asthma drugAP(Wed 8:47am)
[09:27] {Threei}  TEVA's FDA approvals rarely mean something
[09:27] {Threei}  majority of them are for diff dosage
[09:28] {cosmo} hmm
[09:28] {lisa_jay} Ok, thanks Vad
[09:34] {magoo} vad, rimm bounce somewhere?
[09:34] {Threei}  off 47 seems right, just need NQ help
[09:37] {magoo} in .65
[09:39] {magoo} weird pullbk
[09:39] {magoo} naz up
[09:40] {magoo} stopped
[09:40] {magoo} wtf
[09:43] {wishbone} gm all
[09:43] {Threei}  wishbone :)
[09:45] {Threei} Long Setup:  PAAS  .50 break half lot
[09:46] {Threei}  stop under .40
[09:47] {magoo} man-0-man..fslr losing 100
[09:47] {dptl} stopped paas
[09:48] {lisa_jay} Stopped -12c
[09:49] {Threei}  GNW
[09:50] {lisa_jay} Paas going now
[09:51] {ese} everthing i'm looking at looks like the market trying to squeeze blood from a stone....... 
[09:51] {cosmo} tulip...
[09:51] {ese} that too
[09:51] {lisa_jay} PAAS sigh
[09:54] {magoo} same ole chop 
[09:54] {lisa_jay} yup
[09:57] {Geo} maan PAAS stopped for a cent
[09:58] {Threei} Long Setup:  C  .96
[09:58] {Threei}  if stays above .85
[09:59] {magoo} full?
[09:59] {Threei}  with this size of stop, sure
[09:59] {magoo} in
[10:00] {Threei}  - Decisions on additioanl IMF funding should come from local governments
[10:00] {Threei}  - BoC will not act on 'auto pilot' throughout the crisis
[10:01] {dptl} out +.10 c ty
[10:01] {Threei}  welcome
[10:02] {Threei}  gold and silver related stocks on a rampage
[10:02] {tomg} ty C vad
[10:02] {magoo} ty c vad..out
[10:02] {Threei}  PAAS, SSRI, GG
[10:02] {Threei}  welcome guys
[10:04] {Threei}  RIMM... what the hell was that
[10:05] {lisa_jay} Look at C go...nice
[10:05] {Onix} out C .08 ty Vad
[10:06] {dino}  sm dia l .50
[10:07] {Threei} Long Setup:  ADBE  .50 break if stays above .40
[10:08] {lisa_jay} In
[10:10] {Threei}  over 1:1
[10:10] {lisa_jay} Thanks Vad got 10c
[10:10] {Threei}  I am still trying to squeeze more, half out
[10:10] {Threei}  stop under b/e
[10:10] {magoo} me too
[10:11] {lisa_jay} Nice
[10:11] {Threei}  1:2
[10:11] {lisa_jay} Almost 1:3
[10:11] {dptl} out adbe ty
[10:11] {Threei}  :)
[10:11] {dino} dia stop to b/e
[10:12] {magoo} out here TY
[10:12] {tomg} thanks vad
[10:12] {Threei}  welcome guys
[10:12] {Geo} got both in a row TY vad
[10:13] {magoo} oh oh
[10:13] {magoo} im not mad at second trade
[10:13] {Threei}  we have a problem magoo
[10:13] {Threei}  that's what I just thought about
[10:13] {Threei}  your timing is OFF!!!
[10:13] {Threei}  big time
[10:13] {Threei}  so stop sniping at those poor analysts
[10:15] {Threei}  let's assume we are in sustained uptrend for now and try to get pullback entry
[10:15] {Threei}  .65 area for Qs
[10:15] {magoo} agree..we are WAY oversold
[10:16] {magoo} yesterdays up still was neg 2:1
[10:16] {Threei}  wait for pause and reversal
[10:16] {Threei}  not price alone
[10:17] {Threei}  in
[10:17] {Threei}  stop under .60
[10:19] {magoo} in .79..u?
[10:19] {Threei}  ??
[10:19] {magoo} adbe
[10:19] {dino} out dia .90, +.40
[10:19] {Threei}  I am not in ADBE
[10:20] {Geo} out
[10:20] {dptl} ah...stopped q's
[10:20] {dino} blast off 70 drop 70
[10:20] {lisa_jay} Stopped  -8c.
[10:20] {dino} 60-70-80 was yesterday
[10:27] {Onix} stopped Qs
[10:28] {dino} waiting for dia at .25
[10:29] {Threei}  bounce off .50 Qs
[10:30] {Threei}  worth a try with stop right under
[10:31] {Threei}  not holding support
[10:32] {dino} cx dia
[10:32] {dino} wait at .15
[10:35] {Threei}  DOE CRUDE: +1.6 V +1ME;
[10:35] {dino} darn, .25 was correct
[10:35] {Threei}  GASOLINE: +540K V UNCH. EST.; DISTILLATES: -1.47M V +700KE;
[10:35] {dino} sm l .15 dia
[10:36] {dino} stop is lod
[10:38] {dino} waiting at .55 dia, scalp day
[10:41] {magoo} so far..mkt disappoinrts {as usual}
[10:41] {hawkfan4} sigh
[10:41] {Threei}  or jusrt forms a flag
[10:41] {dino} move sell to .65
[10:42] {dino} feels up
[10:42] {magoo} in 89 yrs..its going to pop..breathe and actually resume upward for 1 day
[10:42] {Threei}  NQ is 15 points from high
[10:42] {Threei}  what is it, any significant drop by any standard, let alone by todays?
[10:42] {dino} then again
[10:43] {Threei}  .30 nearest support for Qs to watch
[10:44] {Geo} .31 lod
[10:45] {Threei}  in
[10:46] {Threei}  stop under .20
[10:46] {dino} dia stopped .72 -.43
[10:48] {Geo} vad dcc when you out of position pls
[10:50] {Chaeron} Hi all
[10:51] {Threei}  chaeron :)
[10:51] {magoo} chaer:)
[10:52] {magoo} i dunno..thats p[retty ugly Q chart
[10:53] {Threei}  tries for double bottom
[10:55] {lisa_jay} nope
[10:56] {magoo} look at the difference of run up vs decline
[10:58] {dino}  stepping aside
[10:58] {lisa_jay} Dell is holding at .50 with this Q's drop...well broke now.
[11:09] {Threei}  drop seems to be done to me
[11:09] {Threei}  last shakeouts before reversal to the upside
[11:09] {lisa_jay} Yes.
[11:09] {magoo} i like q long off .15
[11:10] {magoo} in
[11:14] {lisa_jay} stop?
[11:15] {dino} 8250 coming imo
[11:15] {magoo} here lisa
[11:16] {magoo} not looking good
[11:16] {magoo} SIGH
[11:26] {dino} [11:15] {dino} 8250 coming imo
[11:27] {Geo}
[11:27] {Geo} lol
[11:27] {Geo} i love beggers with private planes
[11:28] {dino} i love waitresses, i ask for stuff, they bring it
[11:28] {Geo} :)
[11:30] {magoo} 200 down here
[11:31] {Geo} neg 179
[11:32] {Geo} and vad's disgusted with me
[11:32] {dino} -16 here
[11:32] {dino} me too
06[11:32] * Geo slaps Geo around a bit with a large trout
[11:34] {Threei}  GS is not making new lows anymore
[11:35] {Threei}  61 break long
[11:36] {dino} for now
[11:36] {dino} having data issues w/cyber
[11:37] {Geo} i was on sim..... but i got filled and stopped out real fast
[11:37] {magoo} call chuck
[11:37] {magoo} 1-888-547-3421
[11:37] {Threei}  where was your stop??
[11:38] {dino} magoo, don't know how to say this, but dino is chuck
[11:38] {Geo} .86
[11:38] {Threei}  last low was .75
[11:39] {Threei}  .86 is not a level for a stop
[11:39] {Geo} i got 61 break then got stopped....
[11:39] {Geo} i was simming and didnt get time to adjust it :(
[11:39] {Geo} will aDJUST
[11:39] {Geo} oops
[11:39] {Threei}  it hit 1:1 with correct stop
[11:39] {Geo} darn
06[11:39] * Geo back to tweaking
[11:40] {magoo} all u wante was 1:1 vad?
[11:40] {magoo} i still in
[11:40] {Threei}  half
[11:40] {Threei}  trying for more on second half
[11:40] {Threei}  stop is under .90 now
[11:41] {magoo} wheres significant q support?
[11:41] {Threei}  which timeframe?
[11:41] {Threei}  daily or today?
[11:42] {magoo} today
[11:42] {Threei}  27.60
[11:42] {dino} none today, yesterday imo 27.50
[11:42] {dino} then 27.33
[11:43] {Threei}  out second half
[11:45] {Threei}  aww
[11:45] {Threei}  shake
[11:45] {magoo} its tough..u were too tight
[11:45] {magoo} was gapping 
[11:45] {Threei}  I guess
[11:50] {magoo} q long here..worth a shot
[11:50] {Threei}  rehabilitated GS
[11:50] {Threei}  took it again at 61.05
[11:51] {Threei}  out here
[11:51] {magoo} im waiting muxch higher
[11:51] {magoo} .81
[11:51] {Threei}  good luck
[11:51] {Threei}  I am not that patient
[11:52] {dino} hmmm was waiting for 8163
[11:52] {dino} will try dia sm l 82.35 area if it gets there
[11:53] {hawkfan4} scary, but trying FAS 24.95 off GS recovery idea.  3 X financial sector ETF.  wide stop
[11:54] {dino} 3x's ? hmm 
[11:54] {ese} hmmmm thought about TSL at 7.30    but have to sign off....don't have enough time to watch
[11:54] {ese} have a great day all
[11:54] {hawkfan4} u2 es
[11:54] {ese} see ya hawk
[11:54] {Threei}  take care ese
[11:55] {ese} see ya vad
[11:55] {magoo} kivckin it
[11:57] {magoo} out here .78
[11:57] {magoo} patience is a virtue
[11:57] {Threei}  wtg
[11:57] {dino} leave patience out of it
[11:57] {magoo} actually saw .83..but i was to close to miss exit
[11:57] {magoo} readjusted
[11:58] {Threei}  good approach
[11:58] {Threei}  no need to lose such gain because of last couple cents
[11:58] {dino} gj
[12:02] {Geo} of to work.... good trading all
[12:02] {Threei}  take care geo
[12:03] {dino} cya geo
[12:05] {magoo} geoooooooooooooo
06[12:05] * magoo slaps Geo around a bit with a large trout
[12:05] {hawkfan4} cya geo
[12:07] {Threei}  .80 break Qs, anyone's up to try?
[12:08] {magoo} in
[12:08] {Threei}  ummm... it didn't break yet? :)
[12:08] {magoo} i took .70
[12:08] {Threei}  oh, earlier
[12:08] {Threei}  lol
[12:09] {magoo} when i was looking for support
[12:12] {dino} see that 80 pt bounce 80 pt drop
[12:14] {dino} holding lows so far dji
[12:16] {Threei}  lows are getting tested too many times
[12:17] {Threei}  danger of not holding is higher each time
[12:18] {dino} risky sm l dia .35
[12:18] {magoo} have i said that this mkt blows?
[12:19] {dino} stop dia is .94
[12:23] {Threei}  have a look at where your exit on GS was vs top of the move magoo
[12:24] {magoo} nice huh?
[12:24] {magoo} lil skerry
[12:24] {Threei}  5 cets unde top
[12:25] {Threei}  I'd say precision almost surreal for this stock
[12:35] {Threei} Long Setup:  GS  .20 break
[12:35] {Threei}  small shares
[12:35] {Threei}  stop under .90
[12:36] {magoo} in
[12:36] {Threei}  tries for double bottom confirmation break
[12:36] {dptl} stopped....
[12:38] {dino} dia 1/1
[12:40] {Threei}  shake
[12:40] {dino} stop to .75
[12:40] {magoo} the way to play it is take only 100-200 shares..give it a .75 cent stiop..avod rinse
[12:40] {dino} to .85
[12:41] {magoo} and let it run if IF gets going
[12:41] {Chaeron} kick it
[12:41] {magoo} that too
[12:42] {dino} bam, stopped .85 +.50
[12:43] {Threei}  YHOO under 10...
[12:44] {Threei}  if I were a shareholder I'd be steaming mad about rejecting that MSFT offer
[12:44] {Threei}  if I were MSFT I'd make evil laughter sounds 24/7
[12:44] {Chaeron} if you were MSFT, you'd hire someone to do it for you...
[12:45] {Threei}  no way
[12:45] {Threei}  I hire someone to do work
[12:45] {Threei}  this is pure pleasure, I'd do it myself
[12:45] {Chaeron} ah... :)
[12:45] {Chaeron} now can you kick the Q's and derive pleasure from that?
[12:45] {Chaeron} thank you
[12:46] {Threei}  yes but if it loses .65 I am not responsible
[12:46] {dino} ok, 80 pts up happened, now drop as usual?
[12:46] {Chaeron} um... I want it to *take* .65... 60.65 that is
[12:47] {Threei}  Qs?
[12:47] {Threei}  60.65?
[12:47] {Threei}  Charon... I want what you are smoking
[12:47] {Chaeron} ooops... sorry... I forgot... I was playing GS... *blush*
[12:47] {dino} yeah, 34/share cash looks darn good now
[12:49] {Threei}  they tried to leverage with Goog and miscalculated badly
[12:50] {Threei}  both deals fell through
[12:50] {Threei}  now it looks like it's going to be just a carcass for Goog to feed on
[12:51] {Threei}  - Reiterates Paulson's comments that the TARP program is not a stimulus or economc growth plan
[12:51] {Threei}  in case you haven't noticed, markets are stabilized
[12:52] {Threei}  are we on the same planet with fed?
[12:52] {dino} hmmmm, jawboning is not working
[12:53] {Chaeron} just glad I'm not the only one confused
[12:53] {dino} me thinks he protests to much
[12:53] {Threei}  who?
[12:53] {dino} ok theres 40 pts of the 80 down
[12:53] {dino} 50
[12:54] {Chaeron} I'm ut GS... -.01... just don't care
[12:54] {magoo} ty it will go now 
[12:54] {dino} \you're starting to feel as i feel chaer
[12:55] {magoo} oct nov have worn me out
[12:55] {dino} the shark says bear makets wear you out, getting to me
[12:55] {magoo} dont even like trading anymore
[12:55] {Chaeron} I'll be back... have the markets straightened out when I return so we can make $$$
06[12:55] * dino slaps magoo around a bit with a large trout
06[12:55] * Chaeron slaps magoo around a bit with a large trout
[12:57] {dino} brb
[12:57] {Chaeron} (me and dino are going out for beers  :)
[12:58] {KSystems} arent there going to be FOMC minutes in an hour?
[12:59] {Threei}  yes
[13:02] {magoo} long 200,000 shares q at .69..out here .74
[13:03] {magoo} .05 x 200k = + 10k
[13:03] {magoo} fast too
[13:03] {magoo} lol
[13:05] {Threei}  once again same pattern
[13:06] {Threei}  we touch lows, everything looks like ready to go to hell - sharp spike and rally out of nowhere
[13:10] {magoo} hardly a rally just yet..not bustin on ya..just not convinced
[13:11] {Threei}  no, not yet
[13:11] {Threei}  spike took place, whether it's followed up by rally remains to be seen
[13:11] {magoo} f'in GS stalled same area 1 dollar less..saw .81 prints
[13:12] {magoo} like 1 second worth and all the way back down
[13:19] {magoo} of course mkt has to fall hard..god forbid it moves up
[13:22] {dino} sm l dia .65
[13:30] {dino} stop is break of lod
[13:33] {Threei}  we are neaqring yesterday's low
[13:34] {dino} stopped -.51
[13:37] {dino} 8105 yesterday lod
[13:52] {dino} [11:52] {dino} hmmm was waiting for 8163
[13:52] {dino} on the nose
[13:54] {Threei}  ok... rally or fizzle out now?
[13:54] {dino} dino pats himself on his back
[13:54] {patience} patience pats dino on the back
06[13:54] * Threei pats all backs he can reach
[13:55] {dino} ty patience
[13:57] {patience} i want the momo days we used to get a few years ago....this is teeth grinding now
[13:58] {muddleheaded} FOMC minutes released at 2:00 PM.
[13:59] {Threei}  I doubt they'll matter much
[13:59] {peterg} afternoon folks.
[13:59] {Threei}  hi peter
[14:00] {peterg} things slow?
[14:00] {Threei}  Cuts 2009 GDP growth -0.2% and 1.1% v +2% -2.8%
[14:00] {Threei}  2009 jobless 7.17.6 v 5.3-5.8% range
[14:01] {Threei}  - Saw policy challenges due to low rate, agreed inflation has fallen 'materially', aggressive easing would cut inflation risk
[14:03] {Threei}  bunch of meaningless lines
[14:03] {Threei}  GS
[14:03] {Threei}  .40 break going to try
[14:03] {Threei}  with stop under .20
[14:04] {Threei}  invalidated
[14:05] {Threei}  58.10 break if holding .90
[14:06] {dino} vad, symbol for dji e-mini?
[14:06] {KSystems} ym
[14:07] {dino} ty
[14:07] {KSystems} np
[14:08] {Threei}  58 break
[14:08] {Threei}  if holding above .80
[14:10] {magoo} in bossasauras
[14:11] {Threei}  over 1:1, half out
[14:11] {Threei}  scalpers are scalpers
[14:13] {Geo} back
[14:13] {Geo} things any better?
[14:13] {Geo} for some reason i am hating these days
[14:13] {Threei}  were they bad?
[14:14] {Threei}  1:2
[14:14] {Geo} 1:2 what what??
[14:14] {Threei}  replay isn't working?
[14:14] {magoo} waiting .61
[14:15] {magoo} out .57
[14:15] {Threei}  out .53
[14:15] {magoo} wanted to bank it
[14:15] {magoo} nice bossasaurasmonk
06[14:16] * KSystems slaps laserdave1 around a bit with a large trout
06[14:16] * laserdave1 slaps Threei around a bit with a large trout
[14:17] {Threei}  sigh
[14:17] {laserdave1} thats crazy
06[14:17] * magoo slaps laserdave1 around a bit with a large trout
[14:17] {laserdave1} i guess u trained him very well Vad
[14:17] {laserdave1} that was fast
06[14:17] * laserdave1 slaps Chaeron around a bit with a large trout
[14:17] {Geo} german precision
06[14:17] * laserdave1 slaps Geo around a bit with a large trout
[14:17] {KSystems} Harrr
06[14:17] * laserdave1 slaps KSystems around a bit with a large trout
06[14:17] * laserdave1 slaps magoo around a bit with a large trout
06[14:17] * laserdave1 slaps magoo around a bit with a large trout
06[14:17] * laserdave1 slaps magoo around a bit with a large trout
[14:18] {magoo} hey..what i do :)
[14:18] {laserdave1} your just a nice guy
[14:18] {laserdave1} so you end up being the lucky one
[14:18] {magoo} vads a nice guy too
[14:19] {magoo} dcc quick lasr
[14:20] {dino}  going for yesterdays lod dji, imo
[14:26] {Threei}  here is a first sign of that screaming rally coming, ,lol
[14:27] {Geo}
[14:27] {Geo} looks like they sank the mother ship
[14:28] {magoo} cramer cally out rally monkey..resounding OY
[14:33] {Threei}  I find this bickering about their private jets meaningless and idiotic
[14:34] {dino} you know, it's simply yes or no. move on the election is over. i vote no, and send them to debtor in possession bankruptcy
[14:35] {Threei}  yes
[14:35] {dino} new dji low
[14:35] {Threei}  but all this "how did you arrive here, commercial or private" is just populist and has nothing to do with real issues
[14:36] {dino} even having it on tv is b.s
[14:36] {Threei}  anyone expecting CEO of compnay of this scale to travel by bus or train or commercial has no idea what he is talking about
[14:37] {Threei}  it's nothing but play on the lowest kind of emotions of population
[14:39] {Threei} Long Setup:  UAUA  .81, stop under .75
[14:40] {Threei}  invalidated
[14:42] {Threei}  still wastching, any market meaninfgul recovery should take UAUA up about 50 cents
[14:42] {Threei}  pullback entry
[14:44] {Threei}  in
[14:44] {dawg} in 
[14:44] {lisa_jay} stop vad?
[14:44] {Threei}  under day low
[14:45] {magoo} full?
[14:45] {Threei}  with stop about 15 cents...
[14:46] {magoo} in .80
[14:48] {magoo} out .99 TY
[14:48] {wishbone} laserdave DCC..please
[14:48] {Threei}  welcome
[14:48] {magoo} dont do it wishbone
[14:49] {wishbone} don't do what?
[14:49] {magoo} kidding
[14:49] {wishbone} hi vad
[14:49] {Threei}  hi
[14:49] {wishbone} got an error: level II not in execution mode?
[14:49] {Threei}  magoo means don't encourage laserdave giving him an idea anyone would ever want to talk to him
[14:50] {wishbone}
[14:50] {Threei}  Menu-Trade
[14:50] {magoo} thats what i meant..yes, thats it
[14:50] {Threei}  make sure you have check against like
[14:50] {Threei}  Level II execution mode
[14:51] {Threei}  top line is third segment
[14:51] {wishbone} that' wierd....traded earlier no problem....ty3i
[14:51] {Threei}  maybe clicked it mistakenly
[14:51] {wishbone} probably :)
[14:52] {Threei}  and really, try to avoid giving laserdave wrong ideas... he may even start thinking we like him
[14:52] {dawg} out 1/2 .04
[14:52] {wishbone} right lol
[14:53] {dino} dia sm l .00
[14:56] {dawg} out last half  UAUA flat thank you 3i
[14:56] {Threei}  welcome
[14:56] {Threei}  watch market for another spike, UAUA will follow
[14:56] {dawg} OK
[14:58] {magoo} reload here
[15:00] {Onix} In for lunch, hope you people had a good morning's trading
[15:01] {dino} stopped -.50
[15:02] {Onix} Vad, could you please take a look at BRCM and take a guess for me howcome it can hold $14 all morning?
[15:03] {Threei}  who knows
[15:03] {Threei}  maybe found its bottom for now
[15:03] {Onix} I shorted it at $13.99 before i left for work and it is still there
[15:04] {dino} you have the magoo curse onix
[15:04] {dino} rinsed
[15:05] {dino} mcd sm l .50
[15:05] {Threei}  UAUA didn't drop this time with market
[15:06] {Threei}  still needs help of course
[15:06] {Threei}  but gotta be good if any comes
[15:08] {lisa_jay} how to play UAUA vad?
[15:08] {Threei}  not an entry here lisa
[15:09] {Threei}  you missed pullback to .80
[15:09] {Threei}  [14:56] {Threei} watch market for another spike, UAUA will follow
[15:09] {Threei}  [14:56] {dawg} OK
[15:09] {Threei}  [14:58] {magoo} reload here
[15:09] {lisa_jay} Ok, thanks...
[15:09] {Threei}  half out ..13 magoo
[15:09] {dawg} OK threei
[15:09] {dawg} got  in
[15:09] {magoo} ok boss took .12
[15:10] {Threei}  partialed out dawg?
[15:10] {dawg} still in 
[15:10] {dawg} all
[15:10] {Threei}  next spike should take it over .20 but let's respect the volatility and protect half
[15:10] {dawg} got it
[15:11] {Threei}  original idea was:
[15:11] {Threei}  [14:42] {Threei} still wastching, any market meaninfgul recovery should take UAUA up about 50 cents
[15:11] {Threei}  we got over 30 cents
[15:11] {Threei}  assuming entry around .80
[15:13] {Threei}  let's go UAUA, market gives "all clear"
06[15:13] * Threei kicks UAUA in the left jet
[15:16] {Threei}  rally is not very convincing so far
[15:16] {lisa_jay} qs need to break that .82
[15:16] {dawg} dawg spins several prayer wheels
[15:17] {dino} lol, i just throw the dice
[15:17] {Threei}  for UAUA it will be enough even if Qs just bounce back there I think, lisa
[15:18] {dawg} stopped last half
[15:19] {Threei}  see... volatility must be respected :)
[15:19] {dawg} Yes sir
[15:19] {Threei}  imagine not securing half around 9.10...
[15:19] {Threei}  how insulting would that be
[15:19] {dawg} would hurt the dawg
[15:22] {dino} dia sm l .65
[15:24] {dino} uh oh
[15:24] {Threei}  wow
[15:25] {Threei}  C
[15:26] {dino} 3i, you see, not allowed 2 up days in row in november
[15:27] {dino} 4 days so far for the month
[15:27] {dino} 3 days
[15:27] {Threei}  and none of them back to back?
[15:28] {lisa_jay} Isn't Nov a bullish month?
[15:28] {Threei}  we still have 10 days
[15:28] {lisa_jay} historically?
[15:28] {dino} yes
[15:28] {Threei}  scalped C... was too scary to call
[15:28] {dino} bs month this year tho
[15:29] {patience} i second that
[15:29] {dino} ty
[15:29] {dino} out dia .05 +.40
[15:30] {dino} just had a daytrader stop in and ask to rent an office off me
[15:30] {Threei}  seriously?
[15:30] {dino} didn't know we had any others here
[15:30] {dino} yes
[15:31] {dino} 8 years e-minis
[15:31] {Threei}  why does he need an office?
[15:31] {dino} renting elsewhere, not as nice
[15:32] {lisa_jay} Probably has kids come home early from school
[15:32] {dino} y
[15:32] {dino} that too.
[15:32] {dino} comraderie also i think
[15:33] {KSystems} where are you located dino?
[15:33] {dino} told her no tho, don't think she'd appreciate it when we go off on a bad trade rant
[15:33] {Threei}  close office dorr, put a sign on saying "come in if living to see the next morning is not in your plans"
[15:33] {lisa_jay} I wonder how the commute would be from NY/ct border to your office.  
[15:33] {dino} pennsylvania
[15:33] {KSystems} ah ok
[15:33] {dino} long lisa
[15:33] {dino} ok, 3:40 rally?
[15:34] {KSystems} not many things i know about pennsylvania..except....Centralia :-) that near where you live?
[15:34] {lisa_jay} thats what i thought.
[15:34] {dino} 2 hrs ks
[15:34] {lisa_jay} * about commute.
[15:34] {dino} y
[15:35] {dino} just jumped 70
[15:35] {dino} vad, you may owe me a beer, i told her to check out the site
[15:36] {Threei}  but we don't ttrade e-minis per se
[15:36] {dino} dia sm l .50
[15:37] {dino} i know, comraderie
[15:37] {Threei}  which won't prevent me from buying a beer of course
[15:37] {dino} could use one today
[15:38] {dino} hit/miss day
[15:38] {Threei}  for the most part... then GS and UA trades brightened things
[15:41] {Threei}  1 min till rally?
[15:42] {Threei}  or not today?
[15:42] {dino} i am so sick of seeing my b-day come up on the dji on almost daily basis, for years never saw it
[15:43] {patience} march 17?
[15:43] {dino} yes
[15:43] {dino} used to like that number
[15:43] {patience} just think of the green beer instead
[15:44] {dino} lol
[15:44] {dino} stop dia -.40
[15:44] {dino} see hit./miss
[15:45] {patience} you're doing better than me dino, usually by this time of day I'm muttering, those bastards
[15:45] {patience} time to go mow the lawn
[15:45] {dino} snow on mine
[15:46] {patience} oak leaves on mine
[15:46] {Threei}  geese droppings on mine
[15:46] {dino} not a good close
[15:46] {Threei}  no
[15:46] {Threei}  YAYA new low
[15:46] {Threei}  U
[15:46] {magoo} 400 down WHAT RALLY
[15:46] {Threei}  C new low
[15:47] {Threei}  how is it not rally?
[15:47] {Threei}  just different direction
[15:47] {Threei}  but we are not discriminating rallies by direction, are we
[15:48] {peterg} newspeak: stocks rallied strongly negatively today
[15:48] {Threei}  there you go
[15:48] {Threei}  Orwell knew his languages
[15:48] {KSystems} Like "Strongly preparing for recovery"?
[15:48] {dino} hate to say it, but feels like we go down to break the 7884 low
[15:48] {peterg} scarily
[15:49] {peterg} Stocks deepened their search for fundamental solidity
[15:49] {Threei}  beautiful
[15:49] {KSystems} collect them and send them to some news agency
[15:50] {KSystems} they'll be out of stock soon
[15:50] {peterg} ;p;
[15:50] {peterg} lol
[15:50] {dino} the stability they talked about earlier is "un"real
[15:50] {Threei}  market improved its coordination with real valuations
[15:50] {peterg} rofl
[15:51] {Threei}  yeah, that line was from behind the looking glass
[15:51] {Threei}  truly bizarre
[15:52] {dino} maybe he was thinking only worry now about the dowside, because it doesn't go up
[15:52] {Threei}  I hope they don't overstabilize it
[15:53] {Threei}  just a tad more stability as they understand it, and we will see Dow at 1929 levels
[15:54] {dptl} have a good evening all
[15:54] {Threei}  take care dp
[15:57] {Threei}  -433 DJI
[15:59] {dino} cya dp
[15:59] {Threei}  so, in light of today's action...
[15:59] {Threei}  wqhat was yesterday's AH rally about again??
[16:00] {Threei}  such spike, after hours, total illusion of "wow, someone big knows something good"
[16:00] {dino} ge 14
[16:00] {Threei}  only to see this misery today lol
[16:00] {dino} re-balancing of s&p 3i, bud out
[16:01] {Threei}  I heard that theory
[16:01] {dino} had like 50 billion to reallocate
[16:01] {Threei}  just not sure how it explains such spike in indexes
[16:01] {dino} it doesn't, imo, and the futures imo don't mean sh#t
[16:01] {Threei}  mechanics of reallocation as I understand them do not warrant this
[16:01] {dino} everything has gone total random
[16:02] {Threei}  ok guys, thank you all
[16:02] {dino} when the dji moves 100 pts in 2 minutes up/down, it's random
[16:02] {Threei}  have a good evening, see you tomorrow
[16:02] {KSystems} take care vad
[16:02] {dino} i am going back to basics again, simply scalp machine tomorrow
[16:03] {dino} get up, get out
[16:03] {peterg} gnight all--who knows what evil lurks in the hearts of men?
[16:03] {peterg} the shadow knows.........
[16:03] {dino} lol
[16:03] {peterg} of course, that was my nickname back in the day
[16:04] {peterg} or one of them

Tuesday, November 18, 2008

Nov 18 2008

Started out slow and boring, and for quite a while seemed to stay this way; even very nice GS trade hasn't brought much since it was offset by a few stops. Then last hour activity brightened the day as we were able to nail almost exact reversal point. All in all, ended up nicely.

Session Time: Tue Nov 18 00:00:00 2008

[07:54] {Threei} 11/18/08 07:30am
[07:54] {Threei} [IDMI] IDM Pharma Inc EU's CHMP provides positive recommendation for approval of Mifamurtide for non-metastatic, resectable osteosarcoma
[07:54] {Threei} - EU's CHMP issued a positive opinion, recommending grant of a centralized marketing authorization for mifamurtide (L-MTP-PE), known as MEPACT in Europe, for the treatment of patients with non-metastatic, resectable osteosarcoma, a rare and often fatal bone tumor that typically affects children and young adults.
[08:30] {Threei} *OCT PRODUCER PRICE INDEX M/M: -2.8% V -1.9%E
[08:30] {Threei} PPI EX FOOD&ENERGY M/M: 0.4% V 0.1%E
[08:33] {Threei} UAUA
[08:44] {Threei} 11/18/08 08:05am
[08:44] {Threei} [XTLB] Biopharmaceuticals ADS Top-line results from the Bicifadine Phase 2b Study for Diabetic Neuropathic Pain failed to meet primary and secondary endpoint
[08:44] {Threei} - The trial's primary objective was to compare the efficacy of two doses of Bicifadine against placebo in reducing pain associated with diabetic neuropathy.
[08:44] {Threei} - The primary endpoint of the study was the reduction in pain score during the course of treatment.
[08:44] {Threei} - The company announced that the study failed to meet its primary endpoint.
[08:44] {Threei} - The trial also failed to meet secondary endpoint
[08:45] {Threei} wow
[08:45] {Threei} is that for real?
[08:48] {hawkfan4} good morning
[08:48] {lisa_jay} Goodmorning everyone.
[08:48] {Threei} hawk :)
[08:48] {Threei} lisa :)
[08:49] {Threei} imagine being an investor in XTLB and waking up to this
[08:49] {magoo} morning
[08:50] {hawkfan4} 7 cents/share? ouch
[08:52] {Threei} magoo :)
[08:52] {lisa_jay} 9:30 Hank and Bernanke speech
[08:52] {lisa_jay} hope i got the time correct.
[08:52] {Threei} amazing adventures of hank and bernie?
[08:53] {magoo} is UAUIA news significant?
[08:53] {Threei} market doesn't think so
[08:54] {Threei} market serious recovery from lows
[08:54] {Threei} lifted by HPQ guidance I suppose
[08:54] {magoo} PPT being discussed on CNBC
[08:54] {magoo} so its real
[08:54] {magoo} no, now saying its crap
[08:54] {magoo} lol
[08:54] {Threei} lol
[08:55] {magoo} goes back to 87 crash...tooth fairy tales lol
[08:55] {magoo} hey vad, how can we lose taking some XTLB long? bottom is .07 cents
[08:55] {magoo} upside could be dollar
[08:56] {magoo} was news that bad?
[08:56] {Threei} I've no idea
[08:56] {Threei} I mean, it's bad,
[08:56] {Threei} but main question is
[08:56] {Threei} is this the end of the company? Or they have somehting else to fall back on?
[08:56] {magoo} well we take 1000 syhares it goes to zero..we lose 70 bux
[08:56] {Threei} I am not up to researching that, sorry :)
[08:57] {Threei} yeah, this kind of research I understand
[08:57] {magoo} 2k..140 bux risk..where am i missing here?
[08:57] {Threei} with only correction, I'd consider 150-200 bucks a non-issue
[08:57] {Threei} and took 2-3K
[08:57] {magoo} u did already?
[08:57] {Threei} no but finger on a trigger
[08:58] {Threei} ultimate risk-based setup
[08:59] {Threei} meaning, no idea what odds of it working are, but even if it's less than 50%, risk is negligible and upside is lucrative
[08:59] {lisa_jay} True Speculators....
[08:59] {Threei} how often do you get a shot at $1000 for the price of $150? :)
[09:00] {magoo} let me know when u go ok? im going too
[09:00] {Threei} shurg... any kind of buying coming in
[09:00] {magoo} no
[09:00] {Threei} let's say .8 getting hit
[09:00] {Threei} there you go
[09:00] {magoo} now
[09:00] {Threei} why not :)
[09:01] {Threei} who cares wherther it's .07 or .08? :)
[09:02] {lisa_jay} r u in Vad or Magoo?
[09:02] {lisa_jay} XTLB
[09:02] {Threei} yes, .09
[09:02] {Threei} .08
[09:02] {lisa_jay} 1 lot or 2?
[09:02] {Threei} 2
[09:03] {magoo} in .09
[09:03] {Threei} from the beginning of this trade it's "money thrown out" in my mind
[09:05] {Onix} Good morning all
[09:05] {Threei} onix :)
[09:05] {KSystems} good morning
[09:05] {Threei} ks :)
[09:05] {KSystems} vad :
[09:05] {KSystems} )
[09:11] {dptl} good morning all
[09:11] {Geo} you bought 2 lots vad?
[09:11] {Geo} gm :)
[09:11] {Threei} dp, geo :)
[09:12] {magoo} vad, any recent news bidu ?
[09:12] {magoo} also goog, cme?
[09:12] {Threei} BIDU no
[09:12] {Threei} GOOG no
[09:13] {Threei} CME no
[09:14] {Geo} i bought 2 lots at .09 hehehehe
[09:14] {Threei} you are up 40 bucks
[09:14] {Geo} yeah
[09:14] {Geo} way to go setup vad
[09:14] {Geo} :)
[09:14] {Threei} lol
[09:14] {Geo} might erase yesterday's pain
[09:15] {magoo} i called laserdave, i wanted 10k he he
[09:15] {Geo} magoo lol
[09:15] {magoo} he not awake
[09:15] {Geo} reminds me of the wachovia 7 cent story
[09:15] {Threei} pain?
[09:15] {Threei} sheesh
[09:16] {ese} morning......
[09:16] {Threei} we need to agree on some definitions
[09:16] {Threei} ese :)
[09:16] {Geo} this dude bought 10 thousand dollars of wachovia at 7 cents and sold by 7 dollars
[09:16] {Geo} made a few mills
[09:16] {Threei} 'cause if $96 loss for the day is a definition of pain
[09:16] {Geo} not the money vad
[09:17] {Geo} watching lord vader fruystated was painfull
[09:17] {Geo} lol
[09:17] {Threei} frustrated?
[09:17] {Threei} I must be projecting something that I don't even know about, lol
[09:17] {Geo} so why does p/l stuck on last of 2.23 vad?
[09:17] {Threei} bored out of my mind
[09:18] {Threei} before open it's probably based on closing price
[09:18] {laserdave1} magoo dcc please
[09:18] {Geo} ahhh
06[09:18] * Threei slaps laserdave1 around a bit with a large trout
[09:19] {lisa_jay} Nice XTLB
[09:20] {Threei} plan:
[09:20] {dino} gm all
[09:20] {Threei} dino :)
[09:20] {Threei} putting it for sale at .50, going for a smoke, returning and if it's still there hitting sell button not looking at the price
[09:20] {Threei} just kidding... but going for a smoke nonetheless
[09:20] {cosmo} smoke?
[09:21] {muddleheaded} Hi.
[09:25] {cosmo} ONNN: # ON Semiconductor withdraws from proposal to acquire Atmelat MarketWatch(Tue 9:13am)
[09:26] {Threei} mudd :)
[09:26] {Threei} what, not .50 yet??
[09:26] {dino} clf cx's their buyout of alpha
[09:27] {peterg} morning
[09:27] {Threei} peter :)
[09:29] {Onix} hi dino, mudd, peter
[09:29] {peterg} onix
[09:31] {peterg} thanks hank for the reality bite4
[09:31] {peterg} bite
[09:31] {peterg} NYT sez to GM: chapter 11 is for U
[09:32] {peterg} cites British Leyland as example of good money after bad
[09:33] {Geo} whats targets on xtlb vad?
[09:33] {Threei} lol, I've no idea
[09:33] {Geo} lol
[09:33] {Threei} LVS
[09:35] {Threei} nah, never mind
[09:35] {Threei} no structured setup
[09:39] {dino} pru sm l .75 wide
[09:45] {Threei} Long Setup: ADBE 23 break half lot
[09:46] {Threei} stop under .80
[09:46] {Threei} for scalpers under .9-
[09:46] {Threei} .90
[09:52] {lisa_jay} Stopped on ADBE
[09:54] {Threei} yup
[09:54] {Onix} yup
[09:54] {Threei} wow CME
[09:55] {Threei} brutal
[09:56] {dino} no mercy
[10:01] {Threei} GE
[10:01] {Threei} so, not only they can't manage finances, they can't make appliances either?
[10:02] {Threei} Long Setup: DELL .52, stop under .40
[10:04] {laserdave1} magoo dcc please
[10:06] {Threei} FMCN some power
[10:06] {Threei} watching, not sure of entry yet
[10:07] {Threei} obvious setup is .40 break, little C&H
[10:07] {Threei} and nice juicy offer at .37 to take
[10:08] {Threei} will depend on where it bottoms out before break
[10:08] {Threei} ideally, if holding this .30 level
[10:11] {Threei} and I thought I was master of stating the obvious
[10:12] {lisa_jay} dELL still valid Vad?
[10:12] {Threei} DELL spiked into resistance a bit too fast
[10:12] {lisa_jay} ok, thanks
[10:12] {Threei} I'd love to see one more pullback before triggering
[10:12] {dino} urbn l .40 stop lod
[10:12] {Threei} too easy to turn into trap
[10:14] {Threei} any dive to or under .50 on DELL while market remains strong, going to grab it
[10:14] {Threei} chasing, nah... too tortured move
[10:15] {Threei} FMCN offer disappeared
[10:15] {Threei} too bad, was a great indication
[10:16] {lisa_jay} q;s reverse h&s?
[10:16] {Threei} nonetheless, still valid as long as you align position size with stop under .25, plus some slippage
[10:16] {Threei} yes lisa
[10:17] {Threei} DELL got away
[10:17] {Threei} oh well
[10:18] {Threei} Long Setup: INTC .11 if stays above 13
[10:21] {dptl} long intc,long fmcn
[10:22] {Threei} FMCN looks encouraging
[10:23] {Threei} stop can be trailed to under .30
[10:24] {Threei} these sudden market jerks are annoying
[10:27] {Threei} seeing these big bids on FMCN, I'd suggest stop trailing to under .35
[10:27] {Threei} risk will be minimized, and if those bids are hit or withdrawn, it's most likely will go lower anyway
[10:27] {Threei} makes sense?
[10:27] {dptl} yep
[10:27] {Threei} kewl
[10:28] {Onix} in FMCN 7.42 & INTC 13.11
[10:28] {Threei} ok market
[10:28] {Threei} time to do something stunningly stupid
[10:29] {lisa_jay} Same here Onix.
[10:29] {Threei} like go up couple hundred points
[10:29] {Threei} then look down, feel dizzy and drop all the way back
[10:29] {Onix} i like your attitude Vad
[10:30] {Threei} magoo... we have 1:1 on XTLB {VBG}
[10:30] {Threei} out FMCN
[10:30] {dptl} stopped fmcn
[10:30] {lisa_jay} FMCN Stopped
[10:31] {Threei} this was brilliant stop tightening
[10:31] {Threei} look how much it saved us
[10:32] {lisa_jay} :-)
[10:32] {Onix} stopped
[10:33] {Threei} extreme risk control here would be INTC stop trail to .04
[10:34] {Threei} not sure it's worth it
[10:34] {dino} clf sm l .90
[10:34] {Threei} decide for yorself depending on tolerance
[10:34] {Threei} chart wise it makes sense,
[10:35] {Threei} but with this market jerkiness it may be too easy to get stopped out prematurely
[10:35] {Threei} so it's more about whether those 5 cents saved are important for you
[10:37] {dino} clf stopped
[10:39] {dino} i am turning into a rinse machine,
[10:39] {Threei} market is set on a Wash Rinse Repeat cycle
[10:40] {dino} don't follow me today anyone, i'm trying different sizes/stops
[10:41] {Threei} now trailing to under .05 makes more sense on INTC
[10:44] {dino} urbn stopped -.17
[10:46] {magoo} vad, still in XTLB?
[10:46] {Threei} yeah but not delighted
[10:46] {magoo} no enthuisiam
[10:46] {Threei} this kind of drop often causes initial quick countereaction
[10:47] {Threei} when it's dragged out for so long, it can do anything
[10:47] {Threei} or nothing
[10:47] {magoo} longer it takes...nothing more likely
[10:48] {Threei} yeah
[10:48] {dino} uthr sm s .58, stop .08
[10:49] {Threei} I'll set a stop under .16 mags
[10:49] {dino} well that was fast
[10:49] {dino} i pretty much suck this week
[10:49] {Threei} mostly out of lack of desire to nutrure it
[10:50] {Threei} week just started dino... we both have a lot of opportunities to suck much more
[10:50] {lisa_jay} Breakouts are all failing.
[10:51] {Threei} we tried two so far, both did
[10:51] {hawkfan4} it could be worse, i suck and i have the ZLOB virus on my main machine
[10:51] {Geo} my wife thinks i am a zlob
[10:51] {hawkfan4} LOL
[10:52] {Threei} lol
[10:52] {lisa_jay} Sorry to hear that Hawk.
[10:52] {Threei} easy to remove hawk
[10:52] {lisa_jay} Now Q's h & s
[10:52] {hawkfan4} really? please help
[10:52] {lisa_jay} ?
[10:52] {Threei}
[10:53] {hawkfan4} cool beans, i'm on it :) thx
[10:56] {Threei} if you don't have Norton, here is instruction how to remove it manually... a bit labortous but still easy
[10:56] {Threei}
[10:56] {dptl} what does it do...zlob?
[10:56] {hawkfan4} yeah, i've been trying manually. nasty thing disabled my AVG free and won't let me browse to any spyware websites
[10:58] {Threei} dp... ruins your marriage, kills your liver and moves around everything on your desk so you can't find anything
[10:58] {dptl} geee nasty thing... lol
[10:59] {Threei} yeah, creators tried to imitate the alcohol overconsumption impact
[11:03] {lisa_jay} Q's broke down...
[11:05] {Geo} scratched INTC
[11:06] {Geo} choppppppy today
[11:06] {lisa_jay} Yes.
[11:07] {Threei} little scalps on bounces is about all you can do in this market
[11:07] {Threei} takes a lot of patience to wait this chop out
[11:08] {lisa_jay} Mental paper trading helps...
[11:08] {lisa_jay} :-)
[11:08] {Threei} sure
[11:08] {Threei} it's a kind of "if market does nothing, that's about all you can do" thing
[11:09] {lisa_jay} Paper trade - long q's at .35, stop under .30
[11:10] {dptl} stopped intc
[11:16] {Threei} what kind of wording is that...
[11:18] {dino} "undead"
[11:18] {dino} fcx l .00
[11:19] {dino} deck blood
[11:19] {Threei} quote of the day:
[11:19] {Threei} “The system has to be set up so an idiot can run it. Because eventually one will.”
[11:21] {Geo} did you pitch xtlb vad?
[11:22] {Threei} ditch?
[11:22] {Threei} yes
[11:22] {Geo} .16?
[11:22] {Threei} yup
[11:22] {magoo} me too .16
[11:22] {Geo} oh well
[11:22] {Geo} Ill sell it at a buck yet
[11:23] {lisa_jay} Nice trade Vad, Magoo, Geo.
[11:23] {Geo} ummm remove geo from that one
[11:23] {lisa_jay} You took the trade. Still up .04
[11:23] {lisa_jay} on 2 lots
[11:24] {lisa_jay} Stopped on my Q's paper trade - .06
[11:27] {Chaeron} Good morning all... sorry I'm late
[11:27] {Threei} chaeron :)
[11:27] {lisa_jay} Hi Chaeron.
[11:28] {Geo} nothing earthshattering yet chaer
[11:29] {Threei} UAUA strangely resilient
[11:30] {Chaeron} thanks guys... was hoping you'd all wait for me
[11:30] {Threei} we wouldn't... but market did
[11:30] {Chaeron} heheh
[11:30] {Threei} we actually planned on getting all the good trades before you wake up
[11:31] {Threei} but wolves decided otherwise
[11:31] {Threei} RIMM
[11:31] {Threei} - IBM rumored as a potential bidder
[11:32] {Threei} ummm
[11:32] {Threei} are we about to bail out IMF?
[11:33] {lisa_jay} Dell
[11:33] {magoo} any interest in q play vad?
[11:35] {Threei} I wish I could see how
[11:36] {Threei} what I see is this untradable pattern:
[11:36] {Threei} loss of support,
[11:36] {Threei} immediate bounce with break of resistance
[11:36] {Threei} can't short breakdown,
[11:36] {magoo} i was thinking long
[11:36] {Threei} can't buy for bounce because it bottoms out with no indications,
[11:37] {Threei} doesn't form any bounce patterns, just goes up off some random point
[11:37] {Threei} this is a situation where any entry is practically just a crap shoot
[11:37] {muddleheaded} cosmo did you buy ONNN? Ther might be a break here.
[11:37] {magoo} feels like poer up
[11:37] {magoo} power
[11:38] {dino} hod
[11:38] {Threei} yes mags... but will you entry into such spike?
[11:38] {Threei} enter
[11:40] {Threei} pullback to about .40, maybe
[11:45] {Threei} worked like charm
[11:45] {Threei} anyone went for it?
[11:48] {Threei} loud snor is an asnwer too I guess
[11:48] {lisa_jay} Nope, did not go for it...
[11:49] {Threei} I would feel sad about being ignored, but being a married man I am quite used to it
[11:50] {dino} lol
[11:50] {lisa_jay} Here comes the power up? c'mon it's lunch time...need some money for food :-)
[11:51] {Threei} whoa MET
[11:54] {Chaeron} Joe Lieberman holds his chairmanship in the US Senate - Senate Majority Leader Harry Ried just announced
[11:54] {Threei} if this pattern of pullback.spike hoplds, then Qs next entry is pullback to .50
[11:54] {dino} met blood again
[11:55] {Threei} growth?
[11:55] {Threei} wasn't there official admission of Germany/EU recession?
[11:55] {magoo} RIMM strong
[12:01] {lisa_jay} Does any one know when Bernanke and Paulson are done testifing?
[12:02] {lisa_jay} Thanks.
[12:02] {Threei} Long Setup: GS small shares 65 break if stays above 64.70
[12:07] {dino} deck
[12:07] {Threei} in GS .65, stop under .50
[12:07] {Threei} in Qs .49, stop under .40
[12:08] {dawg} in GS .67
[12:09] {Threei} come on GS, break
[12:10] {dptl} in q's too
[12:11] {Threei} good boy GS
[12:11] {magoo} in gs.q
[12:11] {magoo} wait gs .47
[12:11] {Threei} half out 65.19
[12:12] {dawg} half out .24
[12:12] {Threei} scalpers just get out
[12:12] {Threei} sharp spike
[12:13] {dawg} jout in full .29
[12:13] {Threei} daytraders, feel free to exit here
[12:13] {magoo} out here .37 TY BOSS
[12:13] {Threei} out .49 in full
[12:13] {Threei} whew
[12:13] {Threei} finally nailed a good one
[12:13] {magoo} really :)
[12:13] {Threei} +.84
[12:14] {Threei} if my math is correct
[12:14] {Chaeron} can you feed the Q's what you gave GS? :)
[12:14] {Threei} hash brownie?
[12:14] {peterg} good old days
[12:15] {Threei} this is "patience is a virtue" in action
[12:15] {Threei} waiting half of the day, to finally get a worthy one
[12:15] {Geo} ahhhh you saying patience is virtuous
[12:16] {patience} very
[12:16] {dptl} come on q's
[12:17] {Chaeron} hmmm... another oil tanker pirated? geesh
[12:18] {Threei} really/
[12:18] {Threei} ?
[12:18] {Chaeron} yeah... was on tv...
[12:18] {Geo} what has the world come too
[12:18] {dino} good girl patience
[12:18] {Geo} we cant control a bunch of rag tag somalies in rubber duckies
[12:18] {Chaeron} I think I'd look dashing with a sword
[12:18] {Threei} don't you find it hard to believe this kind of things is possible in 21st century?
[12:18] {Chaeron} oh not a tanker I think... just a ship
[12:19] {Chaeron} I'll find story
[12:19] {Chaeron} ... if you get Q's over .70
[12:19] {dino} either way pathetic
[12:19] {Threei} piracy was supposed to be this romanticized thing of the past... black patch over one eye, wooden leg, parrot on the shoulder, "ahoy mate"...
[12:19] {Geo} now its called investment bamking
[12:19] {Threei} bamking is right
[12:20] {dptl} damn it...stopped q's
[12:20] {Geo} sheesh
[12:20] {Geo} kille din Q and missed GS
[12:20] {Geo} i need how coco
[12:20] {Geo} hot
[12:21] {KSystems} I could offer you got salmon-flavoured coffee
[12:21] {KSystems} got=hot
[12:21] {dptl} taking a break...nothing but frustration this month for me...
[12:21] {Geo} thanks K
[12:21] {Chaeron} BEIJING, Nov 18 (Reuters) - A Hong Kong cargo ship loaded with wheat bound for Iran has been hijacked by pirates in the Gulf of Aden, the official Xinhua agency said on Tuesday citing China's maritime search and rescue centre.
[12:22] {Geo} wheat eh? wink wink
[12:22] {Threei} so they have bread and oil now
[12:22] {KSystems} what more do you need
[12:22] {KSystems} *sigh*
[12:22] {Threei} as soon as they hijack a ship loaded by CEDC, they are set
[12:29] {Threei} - Calls GM and Ford businesses based on a "failed model." A bailout would be "postponing the inevitable."
[12:30] {Threei} I think it was Unforgiven
[12:30] {Threei} "Deservin' ain't gotta do nothin' with it"
[12:31] {Threei} who cares whether they deserve it or not
[12:31] {Threei} think in categories of whether it's going to resolve something or not
[12:32] {dino} all they need is debtor guaranteed financing, chapter 11 bankruptcy. the govt. could do this much cheaper than forestalling the inevitable
[12:44] {Threei} whole discussion is somewhat out of this universe
[12:44] {Threei} I don't see anyone seriously addressing what is going to change the situation if they get money
[12:45] {Threei} is it just to finance current patroll and other expenses?
[12:45] {Threei} what to do after they burn through it?
[12:45] {Threei} if not, what is the money for?}
[12:50] {Geo} .
[12:51] {Threei} yeah
[12:51] {Geo} ok still here
[12:51] {Threei} let's paper shor Qs here
[12:51] {Threei} stop above .25
[12:57] {dino} some pain out there today, pru, met, deck, all infra stocks
[13:01] {Threei} 1:1
[13:02] {Threei} thank s to bad housing numbers
[13:05] {Threei} AN ALL TIME LOW
[13:05] {Threei} - no revisions
[13:05] {Threei} - Reports notes that new lenders have pulled back as far as offering new loans
[13:05] {Threei} - NAHB Chmn "Tremendous economic uncertainties have driven consumers from the housing market, and it's going to take some major incentives to bring them back"
[13:07] {magoo} are we breaching any important support levels here?
[13:07] {Threei} not yet for NASDAQ
[13:07] {Threei} nor on DJI
[13:11] {Threei} this patient sitting out takes more energy than actually doing something, lol
[13:11] {Geo} why vad?
[13:11] {Threei} watching RIMM for bounce off 45 if market bounces
[13:12] {Geo} yo doing situps?
[13:13] {peterg} just went shopping to target & got cleaning supplies
[13:13] {peterg} shoppers shopping
[13:14] {peterg} no big ticket items
[13:14] {peterg} has anyone got a recommendation for toilet bowl cleaners?
[13:14] {Geo} in
[13:14] {peterg} what
[13:15] {magoo} dino cleans a mean tiolt
[13:16] {patience} ok, dino, looking forward to hearing your techniques
[13:16] {Threei} I am getting scared even thinking what this dicsussion will turn into in just a couple moments
[13:16] {peterg} I know, it was my bad
[13:16] {peterg} :)
[13:16] {Geo} out for .10
06[13:16] * Threei slaps Geo around a bit with a large trout
[13:16] {peterg} on Rimm?
[13:17] {Geo} well you guys were cleaning rimms !!!!
[13:17] {peterg} lol
[13:17] {peterg} also gj
[13:18] {Threei} RIMM... .80 break short if stays under 45
[13:18] {Threei} smaller shares, bigger hold
[13:19] {Threei} 20-25 cents stop is not much fore smaller shares
[13:19] {magoo} i actually shorted 45 and covered .80
[13:19] {Threei} why not
[13:19] {magoo} i did
[13:20] {dawg} in .98
[13:20] {Threei} nah
[13:21] {dawg} 200 shares
[13:22] {dawg} stop .27
[13:29] {peterg} RiMM doomed to cycle around 45 till something happens
[13:30] {peterg} everyone hypnotized?
[13:30] {peterg} take that as a yes
[13:31] {Threei} pretty much
[13:32] {Threei} believe it or not, even flow of smap e-mails slowed down to a crawl over last couple weeks
[13:32] {Threei} spam
[13:32] {Threei} used to get couple hundred a day, now barely 30
[13:37] {Threei} RIMM works for you dawg
[13:39] {dawg} out RIMM .66 +31 thanks Vad
[13:39] {Threei} welcome sir
[13:39] {dawg} .31
[13:39] {dawg} not a big winner but beats chasing cars
[13:39] {Threei} certainly
[13:39] {dawg} .)
[13:44] {Threei} took little QID
[13:45] {Threei} stop under 84.80
[13:45] {Threei} don't chase it
[13:45] {Threei} too volatile
[13:45] {Threei} got 85.11
[13:46] {Threei} {GOOG YHOO}
[13:46] {Threei} out .61
[13:49] {Threei} too soon
[13:52] {dino} the pattern may continue - - - + - - - (3 big down, one big up)
[13:53] {Threei} so, tomorrow's up?
[13:53] {dino} would like to see 8,050 area hold for higher low at least, previous was 7,965 11-13 and 7,880 in 2nd week oct.
[13:54] {dino} yes 3i, that has been dji pattern of late
[13:54] {Threei} we are about 150 from there
[13:54] {Threei} which in today's term can be a matter of 5 minutes of trading, lol
[13:54] {dino} i see it
[13:54] {dino} the bigger problem, imo, is we kep topping out lower.
[13:55] {Threei} and overall daily chart from let's say beginning of August is looking anything but bullish
[13:55] {dino} 9,625 11/4; 8,945 11/7; 8,835 11/13
[13:56] {Threei} inverted head and shoulder failed a few days ago
[13:56] {Threei} lows get threatened time and again
[13:56] {dino} triangle forming, which means, imo, a bigger move up or down on the break of it. i defer to you tho, as admittedly i don't know much about triangles
[13:57] {Threei} there is not much to know actually...
[13:57] {Threei} they are simple as rake
[13:57] {dino} que?
[13:58] {peterg} sake? japanese beverage
[13:58] {dino} :)
[13:58] {dino} but seriously, rake? explain
[13:59] {Threei} just a joking comparison... I mean, what is complicated about rake? :)
[13:59] {dino} roflol, trying to "see" into your mind
[13:59] {Geo} really vad
[13:59] {Threei} that should give you whole two minutes of work
[14:00] {dino} so, you too, keep it simple i see
[14:00] {Threei} keeping what simple?
[14:00] {Threei} :)
[14:01] {Threei} awww
[14:02] {Threei} thought of 85 as QID entry
[14:02] {Threei} and hesitated,
[14:02] {Threei} it did feel at the moment like another drop was coming
[14:02] {Threei} anyway... market bounce is more likely now
[14:03] {Threei} Qs long with stop under .60 worth a try
[14:03] {magoo} i like that
[14:03] {magoo} was gonna post
[14:04] {Threei} if you got Qs, chose between scalp and try for closer to 28
[14:04] {lisa_jay} entry Vad?
[14:04] {Threei} about here
[14:04] {dawg} in .69
[14:04] {Threei} good pullback for entry
[14:04] {dawg} Q's
[14:05] {Threei} but if loses .60, drop it like drunken sailor drops... err, never mind
[14:06] {Threei} come on market, show some spine
[14:07] {Threei} good
[14:07] {Threei} now we can go
[14:07] {dino} well that should do it then
[14:07] {Threei} Schmid is optimistic
[14:07] {dawg} stopped Q's
[14:08] {lisa_jay} Stopped.
[14:08] {dino} 02:07 p.m. est.; "dino confident economy will recover too, timing uncertain."
[14:11] {lisa_jay} Well, i am out of q's play, so we should see good rally here :-)
[14:12] {Threei} it's dino's fault
[14:12] {Threei} he should have reiterated his confidence 1 min sooner
[14:12] {Threei} crap... lol
[14:13] {dino} c'mon i'm rehersing to be an analyist for the big boys
[14:19] {magoo} markets due for a bounce...TIMING uncertain lol
[14:19] {Threei} uhhu
[14:19] {Chaeron} no symbol found uhhu :)
[14:19] {Threei} these two days timing is all but impossible
[14:21] {dino} ya think?
[14:21] {Threei} well... at least as much as I think at all {G}
[14:26] {Threei} Qs, I am about to cry
[14:26] {Threei} loudly
[14:28] {Chaeron} "Bernake and Paulson are fighting the market... and there is no way anyone but the market will win..."
[14:29] {Chaeron} ooops sorry
[14:29] {Geo} hey i want to be in the supersecret room too
[14:29] {Chaeron} I'm in there by myself Geo... not that exciting :)
[14:29] {Geo} lol
[14:30] {Threei} here is siign of things to come when new worldwide agreement will be discussed:
[14:30] {Geo} am I glad it wasnt some thing like...... "yes charo... I like hot chocolate too"
[14:31] {Threei} ok... if shake and jump is new pattern, waiting for Q under .70
[14:32] {Threei} what do you know... almost there
[14:33] {Threei} sheesh
[14:33] {Threei} I thought that was half joke
[14:33] {Threei} anyway, took .67
[14:34] {dptl} .70
[14:34] {Threei} if this one is stopped, I am in monastery for the next three years
[14:34] {Threei} no four
[14:34] {dawg} in .66
[14:35] {Threei} chaeron says 5, and he will join me
[14:35] {dptl} stop under .60?
[14:35] {Threei} yeah
[14:35] {Threei} problem with chaeron though, he brings about dosen of show girls with him
[14:36] {Geo} thats a problem?
[14:36] {Threei} not good for mental cleansing
[14:36] {Geo} ahhhh
[14:36] {Geo} forget the monasttery chaer... ill just visit laguna
[14:37] {Chaeron} dang it... missed !s
[14:37] {Chaeron} Qs
[14:38] {Threei} of course.. urgent round of calls to showgirls
[14:38] {Chaeron} the ykkep calling ME
[14:38] {Threei} kind of gets in the way of trading
[14:39] {Chaeron} and my typing is getting worse each day
[14:42] {Threei} half out for me
[14:42] {dawg} 1/2 out Q's .77 1:1
[14:42] {Threei} scalpers have over 1:1
[14:42] {Chaeron} #$%#
[14:43] {Threei} if you think Chaeron is upset about missing a play, think again
[14:44] {Threei} he is upset because he hoped for a stop, looked forward to 5 years of fun in that monastery
[14:44] {Chaeron} they have my room ready at a moment's notice
[14:44] {Threei} stop .64 for the balance
[14:45] {Threei} out
[14:45] {dawg} out
[14:46] {Threei} low is about to get retested
[14:46] {Threei} broken
[14:47] {Threei} good trail for the balance
[14:47] {Threei} PRU under 18, mama mia
[14:49] {Threei} now, every time we touched recent lows and penetrated them, we got that crazy snapback rally
[14:49] {Chaeron} sheesh PRU was 88 2 mos ago........
[14:49] {Threei} uhhu
[14:49] {Threei} that's why I switched to italian
[14:50] {Threei} NQ last low was 1108
[14:50] {Threei} just 6 points away
[14:50] {Chaeron} so enter where? :)
[14:50] {Threei} - Deflation worries are 'premature'
[14:51] {Threei} are we going for zero rates environemnt?
[14:51] {Chaeron} hold out... maybe they can pay US to take out a loan
[14:52] {Threei} that policy didn't do much good for Japan
[14:52] {Threei} and in fct trapped it in a decade-long stagnation
[14:53] {Chaeron} and you think that the people in power here are any brighter????
[14:53] {Threei} god forbid
[14:53] {Threei} I just hope they can read
[14:53] {Threei} so they go wikipedia
[14:53] {Threei} and read an article on liquidity trap
[14:54] {Geo} damn legacy graduates
[14:54] {Chaeron} I think that we have more brains and talent in this room.......
[14:54] {Geo} why thank you chaeron
[14:54] {Chaeron} my pleasure Geo... I mean... LaserDave should be Sec of Defense just on his nick alone... noone would mess with us
[14:55] {Geo} true true
[14:55] {Threei} we have magoo second-quickest in unholstering the trout
[14:55] {Geo} lets keep muddleheaded out of this though
[14:55] {magoo} trout????
06[14:55] * magoo slaps Chaeron around a bit with a large trout
06[14:55] * Geo slaps magoo around a bit with a large trout
06[14:55] * magoo slaps Threei around a bit with a large trout
[14:56] {Chaeron} Muddlehead should take Paulson's or Bernake's positions... calling THEM a "muddlehead" is huge compliment
[14:56] {Threei} and raven and peter can spell
[14:56] {peterg} what?
[14:56] {Threei} words
[14:56] {Chaeron} someone just woke up
[14:57] {peterg} I shall be remembered for my small mindedness--fitting,
[14:57] {peterg} i suppose
[14:57] {Threei} worng peter
[14:57] {Threei} when our abilities are measurestick,
[14:57] {Threei} ability to spell is huge achievement
[14:57] {muddleheaded} What's going on here?
[14:58] {Threei} and if heavens forbid you know that thing
[14:58] {Threei} ummm
[14:58] {Threei} grammar
[14:58] {peterg} Chaeron, actually working in office all pm coming in on brakes
[14:58] {peterg} breaks
[14:58] {peterg} very kind of you vad
[14:58] {peterg} thks
[14:58] {Threei} we are forming goverment mudd
[14:58] {hawkfan4} lol
[14:58] {peterg} I am minister of spelling
[14:58] {Threei} OK guys, if you are up to try and catch that snapback should it occur
[14:59] {Threei} and be warned, it could cost a few papercuts
[14:59] {Chaeron} close to .40?
[14:59] {Threei} first try would be Qs long .51
[15:01] {magoo} in
[15:02] {Threei} if we are lucky, it jumps without shakeout attempt
[15:02] {Threei} do you feel lucky
[15:02] {dawg} in .49
[15:02] {Threei} ddo you magoo?
[15:02] {magoo} u full lot?
[15:02] {Threei} sure
[15:03] {Threei} stop is within my normal
[15:03] {Threei} - Applies for Federal retooling loans, no specific amounts disclosed.
[15:03] {Threei} - Calls on the FDIC to approve Ford Credit's industrial loan bank application.
[15:04] {Threei} {F GM}
[15:04] {magoo} wheres your stop?
[15:04] {Threei} CATASTROPHIC COLLAPS is exactly what market wants to hear to start rally
[15:04] {Threei} under .40
[15:04] {magoo} k
[15:05] {magoo} bunch of morons"shut dee trap"
[15:05] {Threei} break of .57 - .60 zone should do it
06[15:06] * Threei wears heavy duty army boots
[15:06] {magoo} ouch.HEY
[15:07] {Threei} half out +.17
[15:07] {Threei} scalpers know what to do
[15:07] {Threei} +.16 sorry
[15:07] {dawg} 1/2 half out .65 +14
06[15:08] * Chaeron slaps magoo around a bit with a large trout
06[15:09] * Threei attaches steel toes on the boots
[15:09] {magoo} out .73 TY
[15:09] {Threei} welcome
[15:09] {lisa_jay} Nice Vad..missed it so it rallies nicely.
[15:09] {Threei} out in full .83
[15:09] {Threei} fiiinally
[15:10] {Threei} why missed lisa.. it gave ample time for entry
[15:10] {dawg} all out .81 +.32 thanks you Vad great call
[15:10] {Threei} dawg :)
[15:10] {hawkfan4} nice one vad, thx
[15:10] {lisa_jay} Yes....please don't rub it in..sigh.
[15:10] {magoo} nice one lord vader
[15:11] {Threei} heavy pullback is likely now
[15:11] {Chaeron} in .51 out .82... +$0.31... thanks mucho Vad
[15:11] {Threei} I was wodenring chaeron... :)
[15:11] {Threei} ag?
[15:12] {Chaeron} Atty General
[15:12] {Threei} ty
[15:12] {Chaeron} mp
[15:12] {Threei} lol
[15:12] {Threei} unitended consequences anyone?
[15:15] {Threei} no really?
[15:15] {Threei} we are learning guys
[15:16] {Threei} you noticed? This is practically first time when we got one of these violent snapbacks at the very beginning of it
[15:16] {Threei} and utilized it to better extent than scalp
[15:16] {lisa_jay} Yes.
[15:16] {dawg} yes
[15:17] {Threei} here comes my pullback
[15:19] {Chaeron} s Q's in .94 out .80 ... took +$0.14
[15:19] {Threei} you predator
[15:20] {Chaeron} again?
[15:20] {Threei} not sure
[15:20] {Threei} honestly, I don't expect this bounce to turn into one of those stunners that go for hundereds points
[15:22] {lisa_jay} wow
[15:22] {magoo} prob up 400 in last 15 minutes
[15:22] {magoo} just to piss me off
[15:22] {Threei} so lewt's buy next pullback
[15:23] {magoo} GS?
[15:23] {Threei} nah
[15:23] {Threei} Qs
[15:23] {Threei} there
[15:24] {Threei} dropped right into support
[15:25] {Threei} first strength from here
[15:25] {Threei} see how severe pullbacks are?
[15:26] {magoo} pretty hard pullnbk
[15:26] {Threei} in .79
[15:26] {Threei} stop under .70
[15:27] {dawg} in .79
[15:28] {Threei} chaeron, maybe we need to abandon the plan of taking over MS
[15:28] {Threei} what's the point
[15:29] {Threei} no more bonuses
[15:29] {magoo} no money in it
[15:29] {Threei} yeah
[15:29] {Threei} let' rob mcdonalds instead
[15:29] {Threei} out .97
[15:29] {Threei} +.18
[15:29] {dawg} out /.94
[15:30] {dawg} thank you sir great call +15
[15:30] {Threei} :)
[15:30] {Chaeron} out .94, got +.14
[15:31] {Threei} great, now take this ski mask
[15:31] {Threei} look at GS
[15:32] {Threei} was I right dismissing it as market bounce play or what
[15:32] {dino} nice to see the 350+ range holding up
[15:32] {magoo} yes good call
[15:33] {Threei} geo... are you beathing over there?
[15:34] {Threei} breathing too
[15:34] {Geo} tough in the ski mask
[15:34] {Geo} got .16 TY vad........
[15:34] {Threei} :)
[15:34] {Threei} just keep the lower part over yuour mouth until we get into that mcdonalds, sheesh
[15:35] {Threei} these starting out robbers... gotta teach them everything
[15:35] {Geo} :)
[15:35] {Threei} and chaeron... you did instruct him we don't call each other by last names in a process, right?
[15:37] {dino} ok, we are getting bounce, so in 30 seconds drop us 80 dji
[15:38] {dino} 3:40 pop, now yesterday at 3:45 we died
[15:43] {Chaeron} right
[15:43] {magoo} not today dino
[15:43] {dino} bet?
[15:43] {Threei} lol, 2 minutes earlier
[15:43] {magoo} gotta keep mixing it up...keep everyone off balance
[15:43] {dino} there goes 60
[15:44] {dino} have to start going long 3:40, and short 3:43
[15:44] {dino} ok theres the 80 fast fall, does it continue?
[15:45] {Threei} imprwessive drop
[15:45] {Threei} bounce now
[15:45] {Threei} not huge but still
[15:45] {dino} you mean "nasty" drop
[15:45] {Threei} scalped Q .96 - .08
[15:45] {Threei} too fast call
[15:46] {dino} might as well just flip coins in this market
[15:47] {magoo} heads ..up...tails down
[15:47] {magoo} go ahead..flip it dino
[15:48] {magoo} it came up heads
[15:49] {Threei} ty
[15:50] {Threei} played the coin
[15:50] {magoo} lol
[15:50] {dino} you a lucky man
[15:50] {Threei} what?
[15:50] {Threei} diamonds are not forever?
[15:51] {dino} thats the problem, they don't wear out
[15:51] {patience} they do if you are drilling with diamind drill bits
[15:51] {dino} "no soup for you patience, two weeks"
[15:55] {magoo} 400 points in last 5 minutes? go ahead and flip dino
[15:55] {dino} you don't want me to
[15:55] {Threei} line in the sand continues being defended
[15:56] {magoo} so does our beer miester
[15:56] {Threei} once again market bounced quite a bit as soon as approached it
[15:56] {dino} can we get 2 ups in row in november?
[15:56] {Threei} only this time we got it for a play
[15:57] {dino} we only get 1/week
[15:58] {dino} maybe neg. close
[16:00] {Threei} sudden;y, turned out to be not a bad day
[16:00] {Threei} who knew
06[16:00] * magoo slaps Threei around a bit with a large trout
[16:00] {magoo} i knew
[16:00] {Threei} nope
[16:00] {Threei} your coin did
[16:00] {magoo} right
[16:00] {Threei} you just flipped it
[16:00] {Threei} server of the coin
[16:01] {magoo} dino flipped it..i called it
[16:01] {Threei} ok... caller of the coin
[16:02] {magoo} more important..anyone can flip takes cahunas to call it
[16:02] {Threei} wow, Qs still go
[16:02] {Threei} OK guys, thank you
[16:02] {Threei} have a good evening
[16:02] {Threei} see you tomorrow
[16:02] {Chaeron} it's 4:00????????
[16:02] {Chaeron} dang it
[16:02] {dino} still in one?
[16:03] {dawg} thanks all
[16:03] {magoo} ty all
[16:03] {dino} i will do better tomorrow, very confused today
[16:03] {Chaeron} dino... no... I was just having too much fun... thanks tho
[16:04] {dino} good then
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:07] * magoo slaps laserdave1 around a bit with a large trout
06[16:07] * magoo slaps laserdave1 around a bit with a large trout
[16:07] {magoo} fgood idea
[16:09] {Threei} what the
[16:09] {Threei} look nasdaq
[16:09] {Chaeron} Hey all... anyone trade small stocks online? Looking for a broker
[16:10] {dino} they are all small now
[16:10] {Chaeron} exactly
[16:10] {Chaeron} :)
[16:10] {KSystems} this is UN BE LIE VA BLE
[16:11] {Chaeron} sorry... meant Bulliten Board
[16:11] {dino} lol
[16:11] {Chaeron} I know, I know... They're ALL going to be BB soon....
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
[16:13] {magoo} f'in good idea
[16:13] {Chaeron} makes you just feel so dang good, don't it???
[16:13] {magoo} ive never seen q power up afterhours like this
[16:13] {magoo} indicates huge up tomorrow
[16:17] {Chaeron} I think that there are now 4 ships seized by pirates... the tanker with oil, a HongKong ship, now an Iranian cargo ship and a Danish oil ship off Nigeria...... what the.......?????
[16:17] {Chaeron} magoo... DCC
[16:18] {Chaeron} gotta tell you where the rum is for the pirates' meeting tonight...
[16:18] {magoo} there chaer

Monday, November 17, 2008

Nov 17 2008

Meaningless listless up and down, narrow and with no rhyme or rythm. Useless day. Win some, lose some, finished the day slightly in red. Fortunately, ceased activity just in time to stop accumulating needless stops.

Session Time: Mon Nov 17 00:00:00 2008

[08:21] {Threei} LVS
[08:22] {Threei} 11/14/08 04:51pm
[08:22] {Threei} [GNW] Genworth Financial Inc Has reportedly applied for Savings and Loan status
[08:22] {Threei} - LNC has also reportedly applied for similar status
[08:22] {Threei} - To acquire InterBank fsb
[08:40] {wishbone} gm vad
[08:41] {Threei} wishbone :)
[08:48] {magoo} morn
[08:48] {Threei} magoo :)
[08:51] {hawkfan4} morning all
[08:52] {Threei} hawk :)
[08:54] {cosmo} ....Babies ....Bathwater ....Everywhere....
[08:55] {Threei} yup... make sure you have non-slippery shoes on
[08:55] {lisa_jay} Hi Vad.
[08:55] {cosmo} just keep your socks changed
[08:56] {Threei} lisa :)
[08:56] {lisa_jay} Good morning everyone.
[08:56] {Threei} and to be environemntally conscious, make sure those are bamboo socks
[08:56] {cosmo} oh?
[08:56] {Threei} advertised in local paper
[08:57] {cosmo} not hemp?
[08:57] {Threei} nope... bamboo
[08:57] {cosmo} times have changed
[08:58] {Threei} they do on hourly basis these days
[08:58] {cosmo} skeery
[08:58] {Threei} on Friday for instance, we went through both, extreme bull market which was never to end to total bear which was here forever
[08:59] {Threei} somehow they manage to live in peace next to each other, with barely a fence
[09:00] {cosmo} just bars
[09:00] {Threei} and pubs?
[09:00] {dino} gm all
[09:00] {Threei} dino :)
[09:00] {dino} another end of days it seems
[09:00] {Threei} yup
[09:01] {Threei} really?
[09:02] {Threei} why do they even bother to open it?
[09:03] {Threei} it seems to spend more time closed this fall than open
[09:07] {hawkfan4} lol, no kidding
[09:09] {Geo} gma all
[09:09] {Threei} geo :)
[09:10] {KSystems} *yawn*
[09:10] {KSystems} Good morning
[09:10] {Threei} KS :)
[09:10] {KSystems} Vad :)
[09:10] {dptl} good morning all
[09:10] {Threei} dp :)
[09:15] {Threei} *OCT INDUSTRIAL PRODUCTION: 1.3% V 0.2%E;
[09:17] {Onix} Good morning all
[09:20] {Threei} onix :)
[09:23] {muddleheaded} Hi.
[09:23] {Threei} mudd :)
[09:24] {hawkfan4} muddleheaded, named for exactly how i feel this morning
[09:24] {dino} uthr
[09:24] {Threei} I'll join
[09:24] {Threei} LVS picking up strength again
[09:25] {magoo} working theory for today vad?
[09:26] {Threei} somehow, I have none at this point
[09:26] {Threei} can't tget any other feel that market being confused
[09:26] {Threei} that = than
[09:27] {Threei} want to wait a little, let it form opening range
[09:27] {Threei} see which way it breaks and how the break is met
[09:30] {ese} good morning.....interesting connection......took it about 30 sec to decide what it was doing
[09:30] {Threei} ese :)
[09:31] {Threei} Long Setup: LVS 7 break half lot
[09:31] {Threei} stop under 6.80
[09:31] {magoo} in
[09:31] {Threei} 1:1
[09:32] {lisa_jay} too fast for me.
[09:32] {Threei} half out, scalpers take profit
[09:32] {magoo} out TY
[09:32] {magoo} +.20
[09:32] {Threei} :)
[09:32] {tomg} thanks vad
[09:32] {Threei} tom :)
[09:33] {Threei} Short Setup: ADBE half lot .55 break if stays below .70
[09:34] {Threei} market drops, maybe aggressive entry
[09:34] {magoo} in
[09:34] {Threei} wow... late for aggressive, lol
[09:34] {magoo} .58
[09:34] {dptl} in.54
[09:35] {lisa_jay} in .55
[09:36] {dptl} stopped
[09:36] {magoo} st
[09:36] {lisa_jay} stopped.
[09:39] {Threei} Long Setup: FMCN .30 break if stays above .20
[09:43] {lisa_jay} Is FMCN still valid Vad?
[09:43] {Threei} could be with market strength returning... half lot
[09:44] {lisa_jay} ok, thanks
[09:44] {Threei} Long Setup: DRYS half lot .25 if stays above .10
[09:45] {dino} lod
[09:45] {lisa_jay} Dell still strong
[09:45] {Threei} yeah, tat's intriguing
[09:47] {Threei} if pulls back into .60, should be good entry
[09:49] {Threei} NASDAQ starts reluctantly looking like upward break
[09:49] {lisa_jay} DISH
[09:50] {Threei} Long Setup: QQQQ .70 if stays above .60
[09:51] {dptl} in .72
[09:53] {dptl} half out
[09:53] {dptl} .82 ty
[09:54] {Threei} BIDU, what carnage
[09:56] {magoo} news BIDU?
[09:56] {dino} met
[09:57] {hawkfan4} 7-Nov-08 09:35 ET In Play Early weakness attributed to Forbes story about Baidu selling search links to medical cos with unapproved claims (162.17 -16.72)
[09:57] {peterg} late start, computer probls good morning all
[09:58] {dino} sm l met .80
[09:59] {hawkfan4} watching LVS pullback, maybe gap fill 6.15-6.20 for entry
[10:00] {dptl} stop under .70 qqqq?
[10:00] {dptl} for the balance
[10:01] {dino} met stopped -.33
[10:01] {Threei} some downgrades BIDU also
[10:01] {Threei} sure do, as usual
[10:02] {Threei} dp
[10:02] {Threei} yeah, LVS is getting interesting here for bounce
[10:02] {Threei} hi peter
[10:03] {lisa_jay} fmcn went up nicely
[10:04] {Threei} you took it lisa?
[10:04] {lisa_jay} Nope...
[10:04] {dino} saudi oil tanker attacked
[10:04] {lisa_jay} Why do u think it went up?
[10:05] {Threei} ummm
[10:05] {Threei} because of buyers... :)
[10:05] {lisa_jay} No silly...b/c i did not buy it.
[10:05] {hawkfan4} lol
[10:05] {Threei} oh
[10:05] {Threei} :)
[10:06] {lisa_jay} Another morning of needing to book quick profits.
[10:06] {Threei} a lot of indecisiveness in the market so far
[10:06] {lisa_jay} Had .10 on q's, .15 on DRYS.
[10:06] {Threei} but somehow there is afeeling of underlying strength
[10:07] {lisa_jay} Yes.
[10:07] {Threei} Long Setup: DISH .25 break if stays above .15
[10:09] {Threei} bounce canadidate instead
[10:09] {Threei} oh boy
[10:09] {Threei} I just noticed FEED
[10:09] {Threei} under $2??
[10:09] {hawkfan4} wow
[10:11] {Threei} we need some kind of "buy everything" button for when this market is finally done dropping
[10:11] {Threei} 'cause it's going to be a challenge to decide what to bujy
[10:12] {lisa_jay} DELL at .60
[10:12] {Threei} need market strength for entry
[10:13] {Threei} ideally, NASDAQ jumps up, DELL gives a little pause for entry
[10:16] {dino} dji lod
06[10:17] * laserdave1 slaps Threei around a bit with a large trout
[10:17] {Threei} good morning to you too dave
[10:18] {lisa_jay} serious selling
[10:19] {Threei} yup, staying on a sideline to see whether we bounce or consolidate and break down
[10:24] {Threei} bounce is unconvincing
[10:27] {Threei} not mych rythm to moves... hard to get a feel
[10:27] {Threei} not much to my typing either
[10:28] {Threei} Long Setup: UAUA 10.11 half lot if stays above 10
[10:29] {hawkfan4} LVS .28
[10:30] {dptl} in uaua .12
[10:30] {magoo} in .10
[10:32] {Threei} nice LVS hawk
[10:32] {Threei} BIDU
[10:33] {dino} sm risky l deck .75
[10:33] {dino} wide
[10:33] {hawkfan4} thx :)
[10:36] {laserdave1} dawg dcc please
[10:39] {Threei} ah come on UAUA
[10:39] {Threei} move already, while we are young
[10:39] {Threei} don't tell me 7 cents was all you were capable of
[10:40] {Threei} chart looks very nice starting rom 10:20
[10:40] {Threei} just no shakeouts please
[10:46] {Threei} quite jellyfish-like movements
[10:46] {Threei} thanks for that
[10:48] {Threei} sigh
[10:48] {dptl} yah...stopped
[10:51] {Threei} we need some kind of resolution
[10:52] {Threei} I am not too jazzed about these "little scalp, little stop" back and forth
[10:56] {Threei} can't think of better visual for this morning trading than
[10:56] {Threei}
[10:58] {hawkfan4} lol, that's pretty much how i got myself to my office this morning
[10:58] {Threei} I am still on my way...
[10:58] {Chaeron} Good morning all
[10:59] {dino} urbn l .60 stop .47
[10:59] {Threei} chaeron :)
[11:04] {Threei} Long Setup: QQQQ .55
[11:04] {Threei} just a scalp
[11:04] {Threei} stop .49
[11:05] {Threei} out .65
[11:05] {Threei} {GM F}
[11:05] {Threei} hmmm... and market spikes on this?
[11:06] {lisa_jay} Dell has become a teleporting stock.
[11:07] {dptl} grabed +.30 on cpo...almost flat now...wheeeu
[11:07] {lisa_jay} Nice Dptl.
[11:07] {dino} gj dp
[11:07] {dptl} ty
[11:08] {lisa_jay} ebay
[11:09] {dino} it should 3i, bailout is waste of $
[11:12] {Threei} you mean market has actually become rational about it?? :)
[11:12] {Threei} guys... stronger and stronger feeling, rally in the making
[11:12] {Threei} against all odds
[11:13] {Threei} wow
[11:13] {Geo} about time
[11:13] {lisa_jay} Dell consolidating at 11
[11:13] {Threei} HIG
[11:13] {Threei} - Reminder: On 11/14 HIG said it would acquire Federal Trust Bank, apply to TARP and apply to become a Savings and Loan Holding company.
[11:14] {Threei} dino... gut says anything?
[11:15] {Threei} volume lower on NQ/QQQQ pullback
[11:16] {dino} up big
[11:16] {Threei} high five
[11:16] {Threei} same here
[11:16] {dino} told magoo 30 minutes ago, something feels up
[11:16] {Threei} with a few more shakeouts prior ramp-up
[11:16] {dino} to easy down
[11:23] {dptl} off to visit eye doctor.....i hope i'll SEE you later...:)
[11:25] {Threei} ask him if he has any pills helping to turn charts in your eyes upside down
[11:25] {dptl} lol
[11:25] {Threei} would be a pleasure to find we had a big bull market over last year
[11:26] {Threei} and if market starts rallying for real, you just stop taking pills
[11:26] {Threei} simple as that - permanent bull market, nomatter what
[11:27] {KSystems} they should sell those pills for accounts as well
[11:27] {KSystems} not only charts
[11:28] {Threei} eve better idea
[11:28] {Threei} a lot of investors would have gladly bought couple boxes of pills
[11:34] {Threei} great
[11:34] {Threei} look at UAUA
[11:34] {Chaeron} I hate you......
[11:34] {Chaeron} (teasing)
[11:35] {Threei} that's OK, you are not alone
[11:35] {Geo} i think the markets are onto vad
[11:35] {Geo} they know his setups now
[11:36] {Threei} sure took them a while to figure those out
[11:36] {Threei} about 100 years
[11:48] {magoo} phone 4 you vad
[11:48] {dino} not in
[11:49] {Threei} I have earplugs in
[11:49] {magoo} its UAUA..says its important
[11:49] {Threei} tell it, I want it pullback to .20, I'll buy it
[11:50] {Threei} also, C
[11:50] {Threei} has a good shot at big recovery today
[11:51] {dino} urbn out .79, +.19
[11:51] {dino} too tight
[11:52] {hawkfan4} CIT 4, stop .94
[11:54] {muddleheaded} We might have a buy anything move here.
[11:54] {Threei} probably one last pullback
[11:54] {Threei} then explosion
[12:00] {dino} out deck 60.15, +1.40
[12:00] {Threei} beautiful
[12:00] {dino} ty
[12:00] {dino} too soon of course
[12:01] {Threei} good pullback C
[12:02] {Threei} wanted it a bit closer to .20
[12:04] {peterg} ok back again after computer fix
[12:05] {peterg} looks like ppl havn fun
[12:05] {KSystems} yay.
[12:06] {peterg} !
[12:24] {dino} emr sm l .00
[12:29] {Threei} sheesh, finding an entry is next to impossible
[12:29] {Threei} what a wierd way for market to rally today
[12:30] {Threei} sorry peter
[12:30] {Threei} weird
[12:30] {Threei} OK, if this pattern hold, then Qs should be a buy around 29
[12:31] {Threei} C around .60
[12:31] {Threei} DELL is questionable
[12:31] {Threei} UAUA I hate
[12:35] {Threei} C won't pull back anymore
[12:37] {Threei} jeez
[12:38] {Threei} not only there is a case for kickbacks, but it also was "made to go away" at some point?
[12:38] {Threei} OK, getting interested in C
[12:38] {dino} sm l met .51
[12:40] {Threei} .64 - .65 C long if holding .60
[12:50] {Geo} c is lagging...
[12:51] {Geo} didnt really follow the market well.....
[12:51] {Threei} yeah, tired a bit
[12:51] {Geo} good trading all.... off to work -96 today
[12:51] {Threei} take care geo
[12:51] {Threei} useless day so far
[12:51] {Geo} yeah :(
[12:58] {Threei} messy charts
[13:11] {laserdave1} dawg dcc please
[13:14] {dino} it's like breakouts are a failed stategy anymore
[13:14] {Threei} today for sure
[13:15] {Threei} breaks are false, followed by immediate pullback, and pullbacks are impossible to buy since they bottom out at random levels
[13:15] {dino} it's like you can read my mind
[13:15] {lisa_jay} And to add to that profits are slippery.
[13:15] {Threei} nah, we are just l;oking at the same charts
[13:16] {laserdave1} KSystems dcc please
[13:16] {Threei} laserdave is on dcc rampage
[13:16] {laserdave1} laserdave dcc please
[13:16] {laserdave1} :)
06[13:17] * KSystems slaps laserdave1 around a bit with a large trout
[13:17] {laserdave1} hey who taught him that?
[13:17] {Chaeron} :)
[13:18] {laserdave1} that was u Chaeron
[13:18] {laserdave1} niceee
[13:18] {Threei} dave you may not be aware of this,
[13:18] {Threei} but everyone upon connection to the room gets this automessage
[13:19] {Threei} with brief instiruction how to use trout and very short list of names to slap
[13:19] {Threei} very very short list
[13:19] {laserdave1} hahahhahaha
[13:19] {Threei} I mean extremely short
[13:20] {Threei} in fact, competition for that list was so severe
[13:20] {Threei} just one name made it
06[13:20] * KSystems slaps Threei around a bit with a large trout
[13:20] {Threei} OK, now you are venturing outside of that list
[13:20] {laserdave1} see what happens when u try to be funny
[13:21] {Threei} nothing really happens... unfortunately :(
[13:22] {Threei} - Fiscal stimulus is more effective when implemented among key trading partners at the same time.
[13:22] {Threei} - Deleveraging will likely shift risk spreads to reduced volumes.
[13:22] {Threei} - Short-term liquidity facility may become part of the IMF's policy toolkit.
[13:22] {Threei} - The financial crisis has shown the limits of regulatory and supervisory regimes at the domestic and international levels
[13:24] {Threei} what's this deal with pirates and oil tanker
[13:24] {Threei} I mean, how do you hijack the tanker??
[13:25] {Threei} and where do you hide it?
[13:28] {Threei} and no chaeron, I am not asking in order to learn and apply the knowledge, stop dccing me with those 'I know how, let'd do it"
[13:29] {lisa_jay} lol
[13:29] {Threei} thank you lisa
[13:29] {Threei} I know it was amercy laugh but I appreciate the sentiment nonetheless
[13:30] {lisa_jay} No quiet funny...better then entering a trade b/c bored.
06[13:30] * Chaeron slaps Threei around a bit with a large trout
[13:31] {Chaeron} Threei has me confused with magoo
[13:37] {Threei} on a contrary... magoo told me he knows how but he is not taking me along, he'll do it himself
[13:46] {Threei} this reminds me beginning of last week... started out very slowly and boring too
[13:53] {Threei} C... going to try .35 long with stop under .30
[14:00] {Threei} invalidated
[14:14] {Threei} anyone has any trading ideas, feel free to share
[14:15] {Threei} 'cause I can't read jack in this mess
[14:16] {dptl} i am back....:) hows everything
[14:16] {Threei} same
[14:16] {Threei} yawn
[14:18] {lisa_jay} Q's double bottom?
[14:21] {dino} ice sm l .40 wide risky, needs mkt
[14:23] {dptl} hew?
[14:29] {dino} stopped
[14:33] {Threei} Ok guys, to distract from meaningless action for a minute, and give you something to think about
[14:33] {Threei} who is up for a week in Bahams in first half of April?
[14:34] {Threei} some trading seminars, market in general, and nice vacation
[14:34] {Threei} details to follow within couple weeks
[14:34] {Threei} meanwhile, have a look at your schedules
[14:34] {dino} possibly
[14:37] {Threei} anyone remembers SHLD above 100?
[14:38] {dino} f#####%g rinses
[14:38] {dino} 200 wasn't it, a big cramer buy
[14:39] {Threei} and they say Friday's are tough for trading
[14:39] {Threei} I personally hate Mondays
[14:41] {dino} mondays are my low days lately, positive 1 out of last 4
[14:43] {Threei} nicey nicey
[14:43] {Threei} group hug in front of White House
[14:43] {Threei} Washington air filled with love
[14:44] {dino} sm risky, wide uthr l .10
[14:44] {Threei} why do I picture Chaeron ruining the idyllic picture with big fish in his hands
[14:44] {lisa_jay} c
[14:47] {dptl} xexe..they talking about russian hats on
[14:48] {Threei} okay okay, I'll take it off
[14:49] {dptl} :)
[14:50] {dptl} faniest thing they sad...that russians called hats shapka lol
[14:50] {Threei} that's deep insight
[14:50] {dptl} lol
[14:51] {Threei} if I go to russian TV and say Americans call shapka a hat - will I be considered a specialist in American fashion and culture?
[14:52] {dptl} roflol
[14:52] {dptl} oh Cramer now....on Russia
[14:53] {Threei} he is a specialist too?
[14:53] {dptl} apperently....:)
[14:54] {muddleheaded} Anybody watch King of the Hill last night? They had a Cramer copy called "Dow Genius." Pretty funny, hopefully someone will post it on youtube.
[14:55] {Threei} no... but I did watch a Quantum of Solace on Fri
[14:56] {muddleheaded} Was it good?
[14:57] {Threei} well... I maybe niot the right person to ask since I like all Binds :)
[14:57] {Threei} Bonds
[14:57] {Threei} except Die Another day
[14:57] {Threei} but yeah, I do like the flavor Craig brings to this role
[14:58] {dino} uthr stop to b/e
[14:58] {Threei} and ukrainian girl is a stunner
[14:58] {dino} i saw some of it mud
[14:58] {muddleheaded} Cool.
[14:59] {Threei} some of it?
[14:59] {Threei} have you fallen asleep? :)
[14:59] {dino} stopped uthr flat
[14:59] {Threei} oh, you mean King of the Hill... lol
[15:00] {dino} i did, lol
[15:00] {Threei} meanignless up and down continue...
[15:02] {muddleheaded} I gotta go, enjoy the rest of the day everybody.
[15:03] {dino} rinsed!!!!!!!!!!!!!!!
[15:06] {Threei} take care mudd
[15:08] {Threei} ADBE
[15:11] {Threei} I want to short SHLD badly
[15:11] {Threei} oh good, no in short list
[15:12] {Threei} one rinse less
[15:13] {magoo} look at the minute q chart
[15:13] {magoo} wtf
[15:13] {Threei} saw
[15:14] {Threei} with irregular teeth
[15:14] {magoo} it looks like my tracks home from pub sat nite
[15:14] {dino} not much bounce cetv
[15:15] {lisa_jay} Breakout now?or fakeout?
[15:15] {Threei} good question
[15:15] {Threei} all breakouts today turned to be fake
[15:16] {lisa_jay} Yes.
[15:16] {dino} ice last try l .50
[15:16] {Threei} choice is between risk of another rinse and missing the real one
[15:17] {dino} just short when i go long, getting r8insed everywhere, and when i stop out, go long
[15:17] {dptl} ok...have a good evening all:)
[15:17] {Threei} what?
[15:17] {dino} cya dp
[15:17] {Threei} you want to leave us to suffer alone?
[15:17] {Threei} stay and suffer with us!
[15:17] {dptl} xe xe:)
[15:18] {Threei} what kind of comradiere is that
[15:18] {dino} look uthr, stops me flat and goes 1.20
[15:18] {dino} unf.gbelievable
[15:19] {Threei} just one of those days
[15:23] {Threei} there you go
[15:24] {Threei} another fake
[15:25] {Threei} GM
[15:37] {Threei} here it's coming again?
[15:37] {Threei} lisa... that breakout answered our question
[15:37] {Threei} with resounding no
[15:38] {lisa_jay} Breakdown, sigh.
[15:38] {dino} well, i guess just one more down day
[15:38] {dino} then up one day
[15:38] {Threei} yeah, what's the problem
[15:39] {dino} pattern - - - + - - -
[15:40] {dino} 3:40 rally attempt, clockwork
[15:42] {Threei} one thing I am happy about todsay
[15:42] {Threei} moving to sideline and staying there whole second half of the day
[15:42] {Threei} look at this seesaw of QQQQ,
[15:42] {Threei} those all are stops stops stops if you try to play it
[15:43] {dino} ouch met, pru -20% today
[15:43] {Threei} I think it's a side effect of HIG
[15:53] {Threei} remember when I said I wanted to short SHLD?
[15:54] {Threei} dollar down since then
[15:54] {wishbone} bye all
[15:54] {Threei} I guess I can consider it my biggest achievement for the day
[15:54] {Threei} take care wishbone
[15:56] {Threei} whoa
[15:56] {Threei} SHLD
[15:56] {dino} cya wish
[15:57] {Threei} -200 DJI
[15:57] {Threei} just another day in the office
[15:58] {Geo} back
[15:59] {Geo} you guys did good today?
[15:59] {Threei} didn't do anything at all
[15:59] {Geo} i guess being flat is a position
[15:59] {Threei} no single frikin trade since you left
[15:59] {Geo} really?
[15:59] {Geo} so i guess you missed me lol
[15:59] {Threei} very much so
[15:59] {Threei} btw, who are you?
[15:59] {Geo} I am Geo from LA
[16:00] {patience} no trades for me today...not my type of market....sigh
[16:00] {Threei} ah yes... yeah, we missed you
[16:00] {dino} loser for me
[16:00] {Threei} (whispering) folks,anyone remembers who this guy geo is?
[16:00] {Geo} yeah still at -96 from the morning
[16:00] {Threei} whom we missed so much?
[16:00] {Geo} HEY
[16:00] {Geo} if I would be here you all would be killing it
[16:01] {Geo} I am the resident mascot
[16:01] {Threei} OK... be here tomorrow please
[16:01] {Geo} :)
[16:01] {Threei} OK guys, thank you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {lisa_jay} Bye Vad. Thanks.
[16:01] {Geo} few rules i need to be here onix needs to be absent and chaer need to take the opposite position[16:03] P16:03} {magoo} good nite'
[16:04] {dino} lol geo

Friday, November 14, 2008

Nov 14 2008

Another dramatic day (seems that's the only kind left). At some point the following assumption was made:

[11:44] {Threei} my assumption is, at certain point we will see at least attempt to repeat yesterday, not necessary as successful as yeaterday but tradable nonetheless

which proved to be accurate. We got a few nice trades off that. Backed off just in time not to get caught into end of day drop.

Session Time: Fri Nov 14 00:00:01 2008

[08:27] {magoo} kkjbaskeihsdj
[08:29] {Threei} good morning
[08:30] {Threei} OCT IMPORT PRICE INDEX M/M: -4.7% V -4.4%E
[08:30] {Threei} *OCT ADVANCE RETAIL SALES: -2.8% V -2.1%E; LESS AUTOS: -2.2% V -1.2%E
[08:31] {Threei} (CA) SEPT NEW MOTOR VEHICLE SALES M/M: 2.5 % V 1.0%E
[08:38] {hawkfan4} good morning
[08:40] {Threei} hawk :)
[08:42] {magoo} so vad..working theories for today
[08:43] {magoo} 1) another bummer 1 daty pain
[08:43] {magoo} 2) bottom is in...start rocking up
[08:43] {magoo} 3) headfake up...big pain eod
[08:44] {Threei} IMO, odds are it's a mix of two, meaning:
[08:44] {Threei} bottom is in but not much of rocking today
[08:44] {Threei} my thinking is
[08:44] {Threei} line in the sand seems to be drawn,
[08:45] {Threei} market shakes out but refuses to give up whenever lows are challenged
[08:45] {Threei} and as soon as we retest those lows, big money jumps in
[08:45] {Threei} and buy everything in sight.
[08:46] {Threei} However, during recent weeks, there were so many bottom callers
[08:46] {Threei} and media pumped the idea of "staying the course" so loudly
[08:47] {Threei} that possibly some more of passengers elimination is needed before train can leave the station.
[08:47] {Threei} The ideal way to do it is probably to continue this gut-wrenching volatility for a while
[08:48] {Threei} especially considering quite a few unknowns justifying the lack of confidence
[08:48] {Threei} automakers destiny,
[08:48] {Threei} G-20 meeting (which is not likely to produce anything but a lot of noise)
[08:49] {Threei} new administration being shaped up
[08:49] {Threei} which adds to uncertainty as crew members naming will give a clue to policies ahead
[08:50] {Threei} so... working assumption for now would be to remain with scalping at the beginning of the day taking only safe and "obvious" setups,
[08:50] {Threei} watch for signs of continuation,
[08:50] {Threei} (which includes watching dino's gut)
[08:51] {Threei} if we see signs of this reckless "come hell or high water" buying - start deploying umbrella strategy
[08:51] {magoo} ah man..not that
[08:51] {Threei} sorry mags, but you'll have to do it for common good
[08:52] {Threei} sacrfices will be required from all comrades
[08:53] {Threei} btw... today is expiration of something, isn't it
[08:56] {lisa_jay} Good morning
[08:56] {Threei} lisa :)
[08:57] {_maga} good morning all
[08:57] {Threei} maga :)
[08:57] {Onix} Good morning all
[08:57] {Threei} onix :)
[08:57] {_maga} very interesting explanation you made
[08:58] {_maga} Vad
[08:58] {Threei} about dino's gut?
[08:58] {Threei} sorry... smart a$$ remark :)
[08:58] {_maga} your idea about the today situation
[08:59] {Threei} it's our traditional approach maga... based on major tape reading principle
[08:59] {Threei} market seeks ways to deliver maximum pain
[08:59] {_maga} this is the incredible thing to me
[08:59] {Threei} one of such ways is to establish trends having as few people on board as possible
[09:00] {Threei} if there are too many passengers, shakeouts are needed
[09:00] {_maga} but thinking about it .. i t makes sense..
[09:00] {Threei} market wants a lot of passengers at final stages of the move, not at early ones
[09:00] {Threei} because it'as final stages where the unloading takes place
[09:00] {Threei} and market needs crowd to unload to
[09:01] {Threei} have you read TTR?
[09:01] {_maga} yes like a balloon that cannot start to fly if too heavy of people
[09:02] {_maga} yes Vad, I did... and it is very very interesting
[09:02] {Threei} OK{ then you know major underlying ideas of this approach
[09:03] {_maga} it is the first time I found explained a good reason for those so frequent spikes up or down that alway drove me crazy .
[09:04] {Threei} most important things is, opnce you understand where they are coming from you get a ways to turn them to your advantage and profit from them
[09:06] {Geo} gm all
[09:07] {Threei} geo :)
[09:07] {_maga} by the way on those major idea... yesterday for the first time after weeks I left open a future on the index ... so happy today :-)
[09:08] {_maga} by the way... the italian index... money is already safe..
[09:09] {Onix} hi geo
[09:10] {lisa_jay} Hi Geo.
[09:10] {patience} blissful friday, good morning RT :)
[09:10] {Threei} patience :)
[09:12] {Onix} hi patience
06[09:12] * magoo slaps patience around a bit with a large trout
[09:13] {patience} patience rubs magoo's tummy to see if market will go up
[09:13] {dino} gm all
[09:14] {lisa_jay} Hi Patience, Dino
[09:14] {patience} hi dino, lisa_jay :)
[09:15] {Threei} dino :)
[09:15] {dino} gm lisa, patience
[09:16] {Onix} morning dino
[09:18] {dino} gm
[09:19] {dino} q? is can we get thru 8945 obama high from 10-07
[09:20] {dptl} good morning all
[09:20] {patience} g20 meeting this weekend discussing guess is yes dino
[09:21] {muddleheaded} Hi everybody.
[09:22] {Threei} dp, mudd :)
[09:22] {Onix} hi dp; mh
[09:22] {dptl} :)
[09:25] {ese} morning...
[09:25] {Threei} ese :)
[09:25] {Onix} hi ese
[09:26] {ese} interesting rally yesterday.....any of you alll take advantage.....
[09:26] {ese} hey onix
[09:26] {Threei} sure did
[09:26] {Threei} let's pick our index followers
[09:26] {Threei} depending on volatility you are willing to ednure:
[09:26] {Threei} ADBE, INTC, DELL, UAUA, GG
[09:27] {_maga} those are the index followers ...... and may I ask you with are the "salmons"
[09:28] {_maga} ? ;-)
[09:28] {_maga} with=which
[09:28] {Threei} salmons is something we need to hunt for throughout the day
[09:28] {Threei} it's not a permanent characteristic of any stock
[09:29] {Threei} watch for a stock that keeps JBE during market pullback
[09:29] {_maga} yes ... it is right.... this is the Reality world
[09:29] {Threei} that's your likely salmon candidate
[09:30] {_maga} ok got it... TX
[09:33] {Threei} UAUA did couple teleprotations
[09:33] {Threei} watch for sharp down into .30 area
[09:33] {Threei} if NQ moves up quickly, you have a few seconds to grab it and exit around .50
[09:36] {Threei} Long Setup: INTC 14 break if stays above 13.90
[09:36] {Threei} watch for market help
[09:36] {Threei} your ideal entry is if NASDAQ moves up sharply and INTC gives little delay for entry
[09:37] {Threei} with this break of support turns into bounce candidate rather, again with quick NQ spike only
[09:43] {Threei} Long Setup: CIT 4.15
[09:43] {Threei} let it pullback a little
[09:43] {Threei} stop would be under 4
[09:43] {Geo} in .155
[09:44] {Threei} :)
[09:44] {Threei} half out
[09:44] {dino} sm l aapl .60
[09:44] {Geo} all out .44
[09:45] {hawkfan4} gj geo
[09:45] {dino} aapl stopped -.36
[09:46] {Geo} i have made 400 my full lot
[09:46] {Threei} go home
[09:46] {Geo} lookiong back..... i dont handle 1k well :)
[09:46] {Geo} looking
[09:47] {Threei} - The plan works to lower monthly payments for homeowners by offering mortgage servicers incentives to modify loans
[09:48] {dino} gj geo
[09:48] {Geo} TY
[09:48] {lisa_jay} Nice Geo...Missed CIT, was in INTC.
[09:48] {Geo} yeah didnt take intc
[09:48] {Threei} how did you structure the play lisa?
[09:49] {lisa_jay} Entered at .91
[09:49] {Threei} with stop .84 I take it
[09:49] {lisa_jay} Yes.
[09:49] {Threei} exited any?
[09:50] {Onix} ty Vad, i got .9 in INTC
[09:50] {lisa_jay} No....should have done at .01 (1:1)
[09:50] {Threei} onix :)
[09:50] {Threei} OK, NQ is spiking, offer half
[09:50] {lisa_jay} Ok.
[09:52] {Threei} the way NASDAQ shapes is,
[09:52] {Threei} NQ breaking 1220 should star a rally
[09:52] {Threei} losing 1205, we are on hold
[09:53] {Threei} so, if you are lookinh at Qs for a play, that would be 30 break
[09:53] {Threei} want to see some consolidation close to it, not just sharp spike into 30
[09:53] {wishbone} gm all
[09:53] {Threei} wishbone :)
[09:54] {Onix} hi wishbone
[09:54] {muddleheaded} What timefrime do you look at the NQ?
[09:54] {Threei} 1 min
[09:54] {muddleheaded} O.K.
[09:55] {dino} aapl sm l .25
[09:55] {Threei} guess wgho is salmon so far...
[09:55] {Threei} LVS
[09:56] {Threei} this is sharp spike into resistance
[09:56] {Threei} not taking this break
[09:56] {lisa_jay} qqqq 30
[09:56] {Threei} need pullback with tight consolidation
[09:56] {dino} gap fill coming dji
[09:57] {Threei} or move higher, then pullback into 30 to buy near new support
[09:57] {Threei} see this sharp down spike?
[09:57] {lisa_jay} yes
[09:58] {Threei} that's how these traps work, when resistance is broke by vertical move instead of consolidation
[09:58] {lisa_jay} Wow...thanks Vad.
[09:59] {Threei} Qs for scalp now
[09:59] {Threei} first strength with stop under .80
[10:00] {dptl} in .88
[10:01] {dino} out pru lucky overnight +.82
[10:01] {Threei} nice :)
[10:02] {lisa_jay} Took .09 on Q's Thanks Vad.
[10:02] {Threei} lisa... mastering the scalping dance :)
[10:02] {lisa_jay} All your calls Vad :-)
[10:02] {Threei} well, these were not the calls with exzct entries
[10:03] {Threei} these were conceptual calls
[10:03] {Onix} wtg dino
[10:03] {Threei} can't really utilize them unless you amass certain understanding
[10:03] {dino} gj lisaaaaaaaaa
[10:04] {dino} ty onix, that was dumb luck
[10:04] {lisa_jay} Thanks Dino
[10:04] {Onix} you got guys dino
[10:04] {Onix} guts
[10:04] {dino} aapl stop to .09 its broken
[10:05] {dino} onix, i tried to get out afterhours, in this market it was stupid to hold, don't confuse luck w/skill
[10:05] {dino} stopped aapl, -.16
[10:06] {dino} whoosh down in the making imo
[10:06] {Onix} :)
[10:06] {dino} stepping aside
[10:06] {Onix} stopped QQQQ
[10:08] {lisa_jay} Dell also Salmon.
[10:08] {Threei} so far, yes
[10:08] {Threei} good observation
[10:08] {Threei} ADBE is pure follower
[10:08] {dino} it may be obama high is just another lower high in the series
[10:10] {Threei} DELL stayed solid green
[10:15] {Threei} Long Setup: DRYS 10 break half lot
[10:15] {Threei} if market helps and if stays above 9.80
[10:16] {Threei} DELL the salmon
[10:18] {Chaeron} Good morning all... been here, just busy
[10:18] {lisa_jay} HI Chaeron
[10:18] {Threei} haeron :)
[10:18] {lisa_jay} Selling accelerating
[10:19] {Chaeron} HI Lisa, herei :))
[10:19] {Onix} hi chaeron
[10:19] {Chaeron} oops hreei, Heya Onix! Keeping geo and magoo in control?
[10:20] {lisa_jay} DRYS invalidated Vad?
[10:20] {Threei} not really
[10:21] {Geo} comeon chaer.... i have been more focussed and less talkative these days
[10:21] {Geo} oops
[10:22] {Chaeron} Geo - just as long as your trading is kickin' butt :)
[10:22] {dino} or is his butt getting kicked?
[10:23] {Geo} yesterday got kicked
[10:23] {Chaeron} :)
[10:23] {Chaeron} how's that famous guy of yours today dino?
[10:23] {Chaeron} oops guy
[10:23] {Geo} you mean magoo?
[10:23] {Chaeron} dang... take 3 : guT
[10:23] {dino} mornings have been hurting me geo
[10:23] {dino} lol
[10:24] {dino} well, i called this 100 ot whoosh
[10:24] {Geo} yeah you gotta stop the bets dino !!
[10:24] {dino} heck of a pizza tho, always better free
[10:28] {dino} dia sm l .00, stop lod
[10:28] {Threei} anyone found the play on DELL?
[10:29] {lisa_jay} Only opening range scalp fro .18
[10:29] {lisa_jay} for
[10:29] {Onix} i
[10:29] {Onix} went in late at 10.71 DELL
[10:31] {dino} all sm l .25, stop .93
[10:31] {dino} too soon
[10:31] {lisa_jay} Sigh more selling
[10:33] {dino} keep stops
[10:34] {dino} dis stopped
[10:34] {dino} dia
[10:34] {Chaeron} DRYS
[10:34] {Threei} invalidated now
[10:35] {Chaeron} I was thinking short, but too late
[10:36] {dino} emr hmmm
[10:36] {Chaeron} Vad, your invalidation levels are very accurate. Sometimes I will play the other side as you know with decent success for scalps
[10:36] {Chaeron} :P dino... lol
[10:37] {Chaeron}$INDU&p=W&yr=6&mn=0&dy=0&id=p63855397799&a=152760184
[10:39] {dino} ?
[10:40] {Chaeron} don't ask me, I'm confused too
[10:41] {Chaeron} salmons finally weakening too with this market?
[10:41] {dino} overfishing to blame
[10:42] {Onix} :)
[10:42] {lisa_jay} lol
[10:43] {Threei} lol
[10:44] {Onix} stopped earlier in dell
[10:47] {Onix} ok ... ok, i get it. i will leave now for my day-job so that you guys can race up the market again. Enjoy!
[10:47] {Chaeron} bye Onix, have a great weekend
[10:48] {lisa_jay} Bye Onix.
[10:48] {Threei} Long Setup: GG .85 if stays above .70
[10:48] {Threei} half lot
[10:48] {lisa_jay} I am too slow..missed :-(
[10:49] {magoo} in vad
[10:49] {Geo} in .85 half out .01
[10:49] {magoo} wait .21
[10:49] {lisa_jay} Very nice call VAd.
[10:50] {Threei} OK, I feel bad
[10:50] {Threei} to isue a call a few seconds after Onix left...
[10:50] {Geo} hehe
[10:50] {lisa_jay} A great call like this.
[10:50] {dawg} out 1/2 .17
[10:50] {magoo} out .17 TY boss
[10:50] {magoo} to close to miss
[10:50] {Chaeron} I'll text Onix and let him know
[10:50] {Threei} you are very kind chaeron
[10:51] {Threei} in your own way
[10:51] {Chaeron} heh
[10:51] {Threei} which is scaringly similar to my way too
[10:51] {Chaeron} yep }:)
[10:51] {Chaeron} now, let's get another so I can really rub it in
[10:51] {dawg} be second half out
[10:52] {dawg} Thanks Vad +20 1/2
[10:52] {lisa_jay} GG back at buy levels...Is it still valid Vad?
[10:52] {lisa_jay} Never mind
[10:53] {Threei} watch market lisa
[10:53] {Threei} GG is a follower
[10:53] {Threei} a little exaggerating market moves
[10:53] {lisa_jay} Yes. Thanks Vad.
[10:53] {Threei} that's why I added half lot remark
[10:54] {Geo} what we already -250?
[10:54] {Geo} DJI
[10:54] {Threei} yes
[10:55] {lisa_jay} nasdaq down 54
[10:55] {Threei} how is it of any singificance, considering that we may well be up 300 in 3 minutes?? :)
[10:55] {Chaeron} Dino... gut feel... lower for close
[10:55] {Chaeron} ?
[10:55] {Chaeron} or we close green?
[10:57] {Threei} {dino} yes
[10:57] {Chaeron} loll
[10:57] {magoo} i'd tell u..but u no ask magoo
06[10:59] * Threei imagines magoo with his ear at dino's gut; eyes retina is burned out
[10:59] {Chaeron} Dino's gut is certifiably scientific technical analysis
[11:00] {magoo} ill tell u this....he has a huge "inny" belly button if u know what i mean
[11:00] {dino} watching met, afam, urbn, dia fwiw
06[11:00] * Threei fights strong puking reflex
[11:00] {dino} and dow
06[11:01] * dino slaps magoo around a bit with a large trout
[11:01] {Threei} actually... this is a very good idea
06[11:01] * Threei slaps magoo around a bit with a large trout
06[11:01] * Chaeron slaps magoo around a bit with a large trout
[11:01] {Chaeron} (I hate feeling left out......)
[11:01] {dino} lod's
[11:02] {magoo} if IF we rally, watch aapl for long ...could eassily go green...but thats not a call{yet}
[11:02] {dino} big "if" we rally.
[11:03] {dino} so our +550 is now only +240ish
[11:05] {Threei} look at DELL's resilience
[11:05] {magoo} complacency
[11:05] {magoo} the THE word
[11:05] {dino} magoo, a bet, i'll take -400 if you take green
[11:05] {magoo} down 300 and we dont even care
[11:05] {Threei} ADBE and INTC are in the crapper with market, this thing stays strong
[11:05] {magoo} only up 500 yesterday..more half back
[11:05] {Threei} maga... see how salmons appear amopng the stocks we watch?
[11:06] {lisa_jay} Dell daily chart is amazing.
[11:06] {magoo} AH CRAP
[11:06] {Threei} lol
[11:06] {magoo} dino, u trying to freeze friday
[11:06] {dino} c in the 8s again
[11:11] {magoo} l aapl here small
[11:12] {dino} emr sm l .50
[11:13] {magoo} in .43
[11:13] {magoo} oput here .689
[11:15] {Geo} wot???
[11:15] {Geo} then what is it?
[11:15] {Threei} DELL is on its merry way
[11:15] {Geo} handout to friends?
[11:15] {magoo} long aapl again .75
[11:15] {magoo} going 92.11 area
[11:16] {dawg} OK
[11:17] {magoo} stop .45
[11:18] {dawg} in .77
[11:18] {dawg} aapl
[11:18] {magoo} lay out
[11:19] {dawg} out .07 aapl
[11:19] {dawg} +30 aapl. Thanks Magoo!
[11:20] {dino} gj
[11:20] {dawg} time for another Bud
[11:22] {magoo} out .11
[11:22] {magoo} uh, carry the 3..+ .43??
[11:22] {magoo} nope, .36
[11:23] {magoo} see AAPL now??it was good trade but u gotta LAY OUT
[11:23] {dino} met sm l .75, forgot about order
[11:23] {dawg} yes was trying to follow your layout but lost my nerve magoo
[11:23] {magoo} SIGH..vad never compliments my calls...never
[11:24] {Threei} I don't?
[11:24] {magoo} shot of vodka builds nerve dawg
[11:24] {dawg} out DELL from .72 + 12
[11:25] {magoo} but now it would be killing us...if IF missed exit
[11:25] {dawg} yes it does and i am heading for one about now
[11:27] {dino} dawg, you the dog
[11:28] {dawg} have one on me dino it's friday...
[11:29] {dino} why thank you, indeed i will, several most likely
[11:29] {lisa_jay} Wuld that be a volume spike on Dell Vad?
[11:29] {Threei} ?
[11:30] {lisa_jay} 11:25?
[11:30] {Threei} doesn't mean anything
[11:30] {lisa_jay} ok, thanks
[11:33] {magoo} where u located dawg?ill stop in local pub free man this weekend
[11:35] {dawg} portland oregon dino
[11:35] {lisa_jay} lvs vad?
[11:36] {dawg} portland oregon magoo i'll buy the first and second rounds
[11:36] {Threei} 6.50 break if holding above 6.40 lisa
[11:36] {Threei} not very high odds
[11:36] {Threei} kind of marginal setup
[11:37] {lisa_jay} ok, thanks Vad
[11:39] {dino} dji lod
[11:44] {Threei} my assumption is, at certain point we will see at least attempt to repeat yesterday
[11:45] {Threei} not necessary as successful as yeaterday but tradable nonetheless
[11:46] {Threei} hard to spot at the very beginning, but once couple higher lows is made, it will be a reason for long entries
[11:53] {dawg} out Dell in .78 out .91
[11:54] {Threei} :)
[11:54] {Threei} watching Qs here
[11:54] {lisa_jay} nice, i chickend out.
[11:54] {Threei} .33 long with .25 stop
[11:54] {Threei} this will be first attempt to get on that rally
[11:55] {Threei} invalidated, turned in bounce off .20
[11:58] {lisa_jay} how to play
[11:58] {Threei} watch for it to form harrow range,
[11:58] {Threei} let's say .15 - .20
[11:58] {dino} want to see lows hold
[11:59] {Threei} then buy .21
[12:00] {Geo} off to work... thanks all.... had a decent day
[12:00] {Threei} :)
[12:00] {Geo} have a great weekend
[12:00] {Threei} you too
[12:00] {Chaeron} bye Geo
[12:01] {dino} broken
[12:01] {lisa_jay} Vad, I bought .21...not sure it was right (got stopped out at .14)....Should i have waited for more consolidation?
[12:01] {Threei} I don't think so lisa
[12:02] {Threei} it could work just eas easily
[12:02] {Threei} that was kind of defining moment - bottom is in or new lows are in order,
[12:02] {Threei} whether you entry or whether you wait is a metter of your aggressiveness
[12:02] {Threei} matter
[12:03] {lisa_jay} So it is just 50:50 trade...(since agressive entry)
[12:03] {Threei} some prefer to wait for more confirmation, making it safer but risking to miss part of the move,
[12:03] {Threei} some perfer to try it risking small stop but taking a short at capturing bigger part of move
[12:04] {lisa_jay} Ok, thanks.
[12:04] {Threei} pretty much a matter of personal preference
[12:08] {magoo} u playing full lots on q?
[12:09] {Threei} I do
[12:09] {Threei} it's liquid, easy to get in and out
[12:14] {lisa_jay} 50% ret. for q's?
[12:15] {muddleheaded} Is this finally the bounce?
[12:16] {Threei} all we can do is try
[12:16] {Threei} .15 would be a trigger
[12:16] {Threei} .05 support to hold
[12:18] {Threei} didn't hold, no go for that setup
[12:19] {dino} urbn l .40, stop lod
[12:21] {lisa_jay} .15 q's break still valid Vad?
[12:22] {Threei} no
[12:22] {Threei} sgharop spike into resistance
[12:22] {Threei} not what I want to buy
[12:22] {lisa_jay} ok
[12:23] {lisa_jay} wow. this concept alone is a gem.
[12:24] {Threei} hah
[12:24] {Threei} read TTR, you'll find pages chock full of such gems :)
[12:24] {lisa_jay} Seeing it real time is amazing though..twice today.
[12:25] {ese} have a great weekend everyone.....not really doing much but am enjoying obseving....take care all.
[12:25] {Threei} take care ese
[12:26] {ese} see ya vad.......
[12:26] {lisa_jay} Bye Ese.
[12:27] {muddleheaded} The tail of this 15 min candle on the QQQQ is almost a 50% Fib retracement from yesterdays lows.
[12:28] {Threei} OK, becomes more like rally attempt
[12:28] {Threei} DELL is DELL, it just climbing through all this, lol
[12:28] {Threei} ADBE
[12:28] {Threei} .80 break, half lot
[12:29] {Threei} stop under .65
[12:29] {Threei} Qs pullback entry
[12:29] {Threei} .10 closest support
[12:31] {Threei} if no more pullbacks, Qs .24 long with .15 stop
[12:31] {magoo} l aapl .95
[12:32] {magoo} same concept
[12:32] {dawg} in aapl .97
[12:32] {Threei} in Qs
[12:32] {Threei} .17
[12:33] {Threei} stop under .10
[12:33] {dawg} in Q.s
[12:33] {Chaeron} me too .19
[12:34] {magoo} dont like this
[12:34] {dino} learn to
[12:34] {Chaeron} what, me in too? or the neg action ?
[12:34] {Threei} lol
[12:34] {magoo} lol
06[12:34] * Chaeron {{{ kiss of death
[12:34] {dino} lol
[12:35] {Threei} ok, this is great spot for suden spike, market
[12:35] {Chaeron} quiet before I double up
[12:35] {Threei} use this opportunity to earn our respect
[12:35] {Threei} or we will spit on you
[12:35] {Threei} twice
[12:35] {dawg} out aapl .16
[12:36] {dptl} in qqqq.19
[12:36] {magoo} layouyt .41
[12:36] {dawg} Thanks magoo need another shot of Vodka heer out ot soon
[12:36] {dino} giddy up
[12:36] {Threei} good job so markety, now break this most recernt high
[12:36] {Threei} 1190 for NQ
[12:36] {magoo} out HERE
[12:36] {Threei} .24 for Qs
[12:37] {Threei} good boy
[12:37] {magoo} .31
[12:37] {Threei} now just go, no more headfakes
[12:37] {Threei} half out Qs
[12:37] {dptl} half out +.11 ty
[12:37] {dawg} 1/2 iyt Q's out
[12:38] {Threei} offering 1/4 more .41
[12:38] {magoo} .40 here lol
06[12:38] * Threei slaps magoo around a bit with a large trout
[12:38] {dawg} offering 1/4 mrore
[12:38] {magoo} oput
[12:38] {magoo} TY vad
[12:38] {Threei} welcome sir
[12:38] {dptl} some more out .40
[12:39] {magoo} nice aapl Dawg
[12:39] {magoo} get out imo
[12:39] {Threei} DELL, eh?
[12:40] {dawg} Thanks to you magoo great call wathcing q.s now
[12:40] {Threei} hit at .41
[12:40] {dawg} out .41
[12:40] {dino} urbn stop to .59, emr stop to .04
[12:40] {dawg} last 1/4 vad?
[12:40] {Threei} .19 stop
[12:40] {dawg} okk
[12:40] {Threei} waiting to see what shapes up
[12:41] {Chaeron} out at .41... and I doubled up :P see? It's not me you can blame anymore... + $0.21
[12:42] {dino} out emr .10, +.60 took all day
[12:42] {lisa_jay} Out q's .21 and .23 Thanks Vad.
[12:43] {Threei} wait
[12:43] {Threei} .21 or +.21?
[12:43] {dino} a or A
[12:43] {lisa_jay} + :-)
[12:43] {Threei} whew
[12:44] {Threei} good job :)
[12:44] {lisa_jay} :-)
[12:44] {Chaeron} beauty Lisa
[12:44] {Threei} careful Lisa, he is flirting
06[12:44] * Chaeron blushing
[12:45] {Chaeron} er uh, nice trade Lisa
[12:45] {dino} always
[12:45] {lisa_jay} Er...ah ..(blush..blush), thanks Chaeron.
[12:45] {Chaeron} hey dino... gut say green today?
[12:46] {Chaeron} (trying to change subject)
[12:46] {dawg} still in Qs vad? ;;;loks llike its ready togo
[12:46] {Threei} last portion, yes
[12:47] {dawg} okl
[12:47] {Threei} looking, thinking where to exit
[12:47] {dino} dk chaer, but feeling up then -200 close
[12:47] {dawg} let me know
[12:47] {Chaeron} thanks
[12:47] {dino} sort of feels too easy
[12:47] {dino} out urbn .62, +.22
[12:48] {Threei} DELL
[12:48] {Threei} pullback entry
[12:48] {Threei} with first NQ strength
[12:50] {Threei} in
[12:50] {Threei} .14
[12:50] {dawg} in dell
[12:50] {Threei} stop under .10
[12:51] {Threei} Qs stop to .29 for the last portion
[12:51] {dawg} ok thandks
[12:51] {dptl} in dell .15
[12:51] {magoo} u dog:)
[12:51] {dawg} yes sir magoo
[12:53] {muddleheaded} The tail of this 15 min candle on the QQQQ bounced off a 38.2% Fib retracement from yesterdays low to high.
[12:54] {lisa_jay} yeah, shy of .02
[12:54] {lisa_jay} for
[12:54] {lisa_jay} muddle
[12:55] {magoo} mudds confusing magoo here lol
[12:55] {muddleheaded} To make everyone muddleheaded :)
[12:56] {Threei} he is not confusing me... but the reason is, I am naturally confused, not much anyone could add to that
[12:56] {Threei} offering last portion Qs .57
[12:56] {dawg} OK with you
[12:57] {Threei} stop to .35
[12:57] {dino} partial deck fill .90
[12:58] {dawg} .)
[12:58] {Threei} half out DELL .19
[12:58] {Threei} not really what I wanted but it stalled
[12:58] {Threei} want to cut risk in half
[13:00] {dawg} out 1/2 dell
[13:00] {Threei} - Hopes for proceedural votes on measures early next week.{GM F}
[13:01] {dptl} half out dell.20 ty
[13:02] {Threei} kind of wanted it above .30 for first exit
[13:02] {Threei} done with Qs for now
[13:02] {dptl} yeah..was offering around that too
[13:02] {dawg} stooped Q.s last 1/4
[13:03] {dptl} all out qqqq
[13:05] {jmb} thanks vad
[13:05] {Threei} welcome jmb
06[13:05] * Chaeron slaps laserdave1 around a bit with a large trout
[13:06] {Chaeron} Dave... Dcc please?
[13:06] {Threei} sneaky'
06[13:06] * Threei slaps laserdave1 around a bit with a large trout
[13:06] {Threei} yes dave, dcc
[13:06] {Threei} {--- second in line
[13:06] {Threei} Chaeron trouted him first
[13:06] {Chaeron} I'll be quick with him Threei
[13:06] {Threei} he has the right of the first night
06[13:07] * magoo slaps laserdave1 around a bit with a large trout
[13:07] {Chaeron} (reminds me of D'Artagnian's first encounter and duel set up in 3Musketeers... heheh)
[13:07] {Chaeron} me first, then 3i, then magoo
[13:07] {Chaeron} *sigh* nevermind
[13:08] {Threei} I claim Atos (or however he is spelled in Enlgish
[13:08] {Chaeron} magoo is Portos (or whatever.. lol)
[13:09] {magoo} that does it............................
06[13:09] * magoo slaps Chaeron around a bit with a large trout
[13:09] {Threei} D'Artagnian is too young for me, Aramis is too frisky and sentimental, and Portos is definitely magoo
[13:09] {Chaeron} hey! he's the one that drinks a lot
[13:09] {Threei} oh, Atos had no problem in this department either
[13:09] {Chaeron} lol
[13:09] {magoo} what was portos like?
[13:10] {magoo} which movie?
[13:10] {Chaeron} fun one
[13:10] {Threei} burly, wild, fun
[13:10] {Chaeron} movie........ sheesh
[13:10] {Chaeron} netfix Three Musketeers... ... funny as hell
[13:18] {hawkfan4} Dave, dcc when you get a chance
[13:19] {wishbone} vad dcc when available
[13:19] {dawg} in drys .61
[13:20] {dawg} long
[13:21] {magoo} chaer, which musk movie tho, made when?whos in it? gottabe 10 of thosesh
[13:21] {Chaeron} let me look
[13:21] {Threei} come on charon
[13:22] {Threei} make him read the book
[13:22] {magoo} theres a book?
[13:22] {Threei} lol
[13:22] {Chaeron} oh man
[13:22] {Threei} dumped DELL balance
[13:22] {Threei} thing's tired
[13:22] {dawg} yes out dell
[13:23] {dawg} sure looks like it
[13:23] {magoo} might get contra hour spike up vadf
[13:23] {magoo} 2-3 pm
[13:23] {magoo} we poered up yester around 1:30 i think
[13:24] {Threei} looking for sings of that mags
[13:24] {Threei} look how precise our read has been so far
[13:24] {magoo} u mean listening for ?
[13:24] {Threei} we aassumed attempt to repeat yesterday's rally,
[13:24] {Threei} probably not as successful but tradable
[13:25] {Threei} exactly what we got, and being ready we utilized it with QQQQ trade
[13:25] {Chaeron}
[13:25] {Threei} lwet's wait out this uncertainty
[13:25] {Threei} and watch for the next idea
[13:26] {Chaeron}
[13:26] {Chaeron} the 2nd one might be for more your taste magoo
[13:28] {magoo} ty..oh yeah..charlie sheen, kiefer
[13:28] {Chaeron} what? the 2nd one was supposed to be Mickey Mouse, Donald Duck,...
[13:29] {magoo} ive seen that one
[13:29] {Chaeron} :))
06[13:29] * Chaeron slaps laserdave1 around a bit with a large trout
[13:31] {dawg} out dys scalp .73 +11 cents
[13:31] {lisa_jay} Nice.
[13:31] {Threei} Long Setup: GG half lot .60 if stays above .50
[13:31] {dawg} Thanks Lisa you sure have bbeen doing well
[13:32] {magoo} in
[13:33] {dawg} in .60
[13:33] {Threei} barely touched on 1:1, not enough for exit
[13:33] {Threei} wanted more than scalp anyway
[13:35] {Threei} no worky
[13:35] {dawg} stopped gg
[13:36] {magoo} stopped
[13:50] {Threei} mess
[13:50] {Threei} sharp up, sharp down
[13:50] {Threei} nothing readable
[13:50] {magoo} weakr than yesterday..not in points
[13:50] {magoo} in power
[13:50] {Threei} yup
[13:51] {Chaeron} Fox pushing "sin" stocks
[13:52] {magoo} AAPL really struggling with 92
[13:54] {dawg} is see that magoo backed off again
[13:54] {magoo} i cant take 92.15
[13:54] {dawg} why not
[13:56] {magoo} contra hour??
[13:56] {dawg} i see
[13:56] {lisa_jay} dell at highs
[13:58] {Threei} ifthings continue this way, Qs will drop to .40 now, before going to new highs
[13:59] {Threei} half way there
[13:59] {Threei} lol
[14:02] {Chaeron} shucks... hesitated to take at .52
[14:03] {dino} afam sm l .00
[14:04] {magoo} AAPL cvoiling big time imo
[14:05] {magoo} if IF mkt goes it should blast off
[14:05] {magoo} 93 easy
[14:05] {magoo} well easy as risky as hell can be
[14:06] {hawkfan4} lol
[14:09] {dino} out deck ave .42 slippage, +.52
[14:09] {lisa_jay} nice
[14:10] {dino} ty
[14:15] {dino} if this is stability....just think what instability could be
[14:15] {Threei} lol
[14:16] {magoo} aapl as closed to 92 as u can..long
[14:16] {magoo} stop 91.65
[14:16] {Threei} took .12 mags
[14:16] {magoo} 93 vad comith
[14:16] {magoo} in
[14:17] {Threei} sold half
[14:17] {Threei} .51
[14:17] {magoo} good job
[14:18] {magoo} .66 half here
[14:18] {magoo} out 04 bal
[14:19] {magoo} ty boss
[14:19] {hawkfan4} nice mags
[14:19] {lisa_jay} Nice trade Magoo, Vad
[14:19] {magoo} 14:16] {magoo} 93 vad comith
[14:19] {magoo} 14:16] {magoo} aapl as closed to 92 as u can..long
[14:19] {Threei} out 93.12
[14:19] {magoo} [14:05] {magoo} AAPL cvoiling big time imo
[14:19] {magoo} [14:05] {magoo} if IF mkt goes it should blast off
[14:19] {Threei} +$1
[14:19] {dino} all l .00
[14:20] {hawkfan4} i'd say beauty but i don't want Vad to get jealous :)
[14:20] {Threei} lol
[14:20] {magoo} nice call aapl vad
[14:20] {magoo} ty
[14:20] {Threei} I called it?
[14:21] {magoo} lol
[14:21] {magoo} computer generic programmed thank u..saves me time
[14:21] {Threei} ah
[14:21] {Threei} keep it well oiled
06[14:21] * magoo slaps laserdave1 around a bit with a large trout
06[14:21] * magoo slaps laserdave1 around a bit with a large trout
06[14:21] * magoo slaps patience around a bit with a large trout
06[14:21] * magoo slaps patience around a bit with a large trout
06[14:22] * magoo slaps Chaeron around a bit with a large trout
[14:22] {magoo} and u lil bow wow...................
06[14:22] * magoo slaps dawg around a bit with a large trout
[14:22] {dawg} that sobered me up
[14:23] {dawg} thamls tjam thanks magoo for my first efver trouting
[14:23] {dawg} great appl call was making a beer run
[14:24] {magoo} was a dollar
06[14:24] * dino slaps dawg around a bit with a large trout
[14:24] {dawg} jesus and i had my head in the cooler great call
[14:24] {dino} here's the 2nd
[14:24] {magoo} we are going GREEM
[14:25] {dawg} not now hurt my feelings dino
[14:25] {magoo} 61 down
[14:25] {dawg} ;;; ;p lol
[14:25] {magoo} helluva cheese
[14:25] {dino} greem?
[14:26] {Threei} anyone grabbed AAPL on pullback to .50?
[14:26] {Threei} was way too fast to alert
[14:26] {Threei} but very clean charty
[14:27] {dawg} in .51 aapl
[14:27] {dino} navg sm wide gappy .01 l
[14:27] {Threei} wow
[14:28] {Threei} FONR
[14:28] {Threei} RECEIVED OFFER AT $5/SHR
[14:28] {Threei} how about that?
[14:28] {dawg} ott aappl
[14:28] {wishbone} 007 time...have a great weekend all
[14:28] {Chaeron} see ya WB
[14:28] {patience} i'm going tonight wishbone
[14:28] {patience} have fun
[14:29] {Threei} have fun wishbone
[14:31] {magoo} bye wish
[14:34] {magoo} dont like this fall
[14:37] {dino} cya wishb
[14:37] {dino} been really mild weather magoo, whats the problem
[14:37] {KSystems} hello
[14:38] {dino} ks
[14:38] {Chaeron} hey KSys
[14:38] {Threei} KS :)
[14:38] {muddleheaded} Is it me or does it seem like overhead resistence is slowly getting chipped away by bulls?
[14:38] {magoo} (:SK
[14:38] {KSystems} how's the day been going so far?
[14:39] {Threei} decent
[14:39] {dino} it's you
[14:39] {dino} 8945 wall of china
[14:40] {dino} steel better term, china would break
[14:40] {Threei} "Tear down that wall!" (in my best Reagan voice)
[14:40] {dino} i miss him
[14:41] {Chaeron} me too.... badly
[14:41] {dino} named my kids after him
[14:41] {dino} donald and megan
[14:41] {dino} giddy-up
[14:42] {Chaeron} :)
[14:42] {magoo} why not name the ronald and reagan??
[14:42] {dino} ahh, wife had a say
[14:42] {dino} hod dji
[14:43] {Threei} here is amazing thing
[14:43] {Threei} Bush spoke yesterday
[14:43] {Threei} Paulson today
[14:43] {Threei} and none of them managed to kill the market
[14:43] {dino} and obama quiet
[14:43] {Threei} this is officially start of the bull market
[14:43] {Threei} if we can ignore those speaking
[14:43] {magoo} GREEM
[14:46] {dino} or 3i, just keep obama's mouth shut
[14:48] {Threei} I have to say, this is way less confident climb than yesterday's
[14:48] {Chaeron} it's Friday?
[14:49] {dino} then say it!
[14:53] {lisa_jay} lvs news?
[14:55] {magoo} c'mon GREEM
[14:55] {magoo} 'new color
[14:55] {dino} lol 3i
[14:55] {hawkfan4} nothing significant today lisa on LVS
[14:56] {dino} open the sipgots, time to re-inflate it all
[14:56] {lisa_jay} Ok, thanks Hawk.
[14:56] {magoo} green with less moxy than yesterday=greem
[14:56] {dino} dji greeN
[14:58] {dino} targets upward, 8945 (obama high), gap at 8696, 9,625 area
[14:59] {magoo} dip sh$t says 9000
[14:59] {Geo} ??
[14:59] {magoo} cramer
[14:59] {Geo} ahh thanks
[14:59] {magoo} just time to buy his post just up
[14:59] {magoo} this morn hated it
[15:00] {dino} i'm getting out then, out all .75, +.75
[15:00] {Onix} In for lunch and i see you guys have raced up the market again during my abscence
[15:00] {Onix} are we trading anything?
[15:00] {Threei} actually Geo... we tried to sneak it in ahile Onix was out
[15:00] {dino} onix, we are noticing a pattern, you leave we make $
[15:00] {Onix} then ishould leave immediately?
[15:01] {Threei} honest to god onix... profitable call came 1 frikin minute after you left
[15:01] {Geo} maybe we just pay him a percentage and he sits pretty
[15:01] {Onix} that sounds like a plan geo
[15:01] {Geo} :)
[15:01] {Geo} of course well all lie
[15:02] {Onix} and here i am believing every word!
[15:02] {Geo} lol
[15:02] {Threei} [10:47] {Onix} ok ... ok, i get it. i will leave now for my day-job so that you guys can race up the market again. Enjoy!
[15:02] {Threei} [10:47] {Chaeron} bye Onix, have a great weekend
[15:02] {Threei} [10:48] {lisa_jay} Bye Onix.
[15:02] {Threei} [10:48] {Threei} Long Setup: GG .85 if stays above .70
[15:02] {Threei} [10:48] {Threei} half lot
[15:03] {Threei} [10:50] {Threei} OK, I feel bad
[15:03] {Threei} [10:50] {Threei} to isue a call a few seconds after Onix left...
[15:03] {Threei} [10:50] {Geo} hehe
[15:03] {Threei} [10:50] {lisa_jay} A great call like this.
[15:03] {Threei} [10:50] {dawg} out 1/2 .17
[15:03] {Geo} i think the real setup was long .75
[15:03] {Geo} but vad waited
[15:03] {Onix} unbelievable!
[15:03] {Onix} but there is the proof
[15:03] {Threei} but I did feel bad...
[15:03] {dino} pery
[15:04] {Onix} ty
06[15:04] * Geo feels bad and scrapes the money
[15:04] {Threei} Qs pulled back in bounce zone
[15:05] {Threei} in .03
[15:05] {dawg} Q.s in j..
[15:05] {Threei} .95 stop
[15:07] {Threei} half out .15
[15:07] {Onix} in late @ .11
[15:07] {dawg} halff out
[15:07] {Threei} out .23
[15:07] {dawg} out .j 22
[15:08] {dawg} Thanks Vad good call
[15:08] {magoo} first 1 i missed of yours
[15:08] {dino} onix, don't feel bad, get even
[15:08] {dawg} yes magoo but you nailed one in aaapl
[15:08] {dawg} ot or twoo
[15:09] {lisa_jay} missed too
[15:13] {Onix} sold 200 @ .24 + 200 @ .29 still holding 100
[15:13] {Onix} ty Vad!
[15:13] {Threei} nice Onix
[15:13] {Threei} I feel better
[15:13] {Chaeron} so does he
[15:14] {Threei} I don't like to discriminate against brother canucks
[15:14] {Onix} :)
[15:14] {Threei} I mean, I love to discriminate...
[15:14] {Onix} lol
[15:14] {Chaeron} just against californians because our weather is superior
[15:14] {Threei} just don't like that it shows so clearly :)
[15:14] {Threei} oh yes
[15:14] {Threei} californians are to be discriminated against
[15:14] {Chaeron} oh it's 83 today Threei
[15:15] {Threei} see?
[15:15] {Chaeron} not a cloud in the sky
[15:15] {Threei} how not to discriminate?
[15:15] {Threei} they have great weather, swimming ocean, swaying palm trees
[15:16] {Threei} Qs going to .40 on the next leg it seems
[15:16] {Threei} just tough to find entry
[15:17] {Threei} got .15
[15:17] {Threei} stop under .10
[15:17] {Chaeron} got .13
[15:18] {dino} financials pulling back
[15:18] {Threei} out
[15:18] {Threei} not sure what's happening here
[15:18] {Chaeron} me too
[15:18] {Chaeron} stopped
[15:20] {Threei} opays to keep them tight
[15:20] {Threei} HIG
[15:21] {Threei} wow
[15:24] {Threei} PRU goes too
[15:24] {Chaeron} I have to go take care of other business. Thanks vad and everyone for yet another great week.
[15:24] {Threei} take care chaeron, have a great weekend
[15:24] {lisa_jay} Bye Chaeron
[15:24] {Chaeron} you guys too
[15:24] {Threei} HIG, that was something
[15:24] {magoo} c u chaer
[15:27] {Threei} more on HIG
[15:27] {Threei} - Applied to the OTS to become a savings and loan holding company and has applied to participate in the U.S. Treasury Department's Capital Purchase Program (CPP).
[15:27] {Threei} - Hartford estimates that it would be eligible for a capital purchase of between $1.1B and $3.4B under existing Treasury guidelines. The final amount of capital request will be determined following approval by Treasury.
[15:27] {Threei} - Hartford has signed a merger agreement to acquire the parent company of Federal Trust Bank for approximately $10M and will also provide an additional amount to recapitalize the bank.
[15:27] {Threei} - The completion of this acquisition will satisfy a key eligibility requirement for participation in CPP.
[15:28] {dino} watch 3:40 pm imo, that has been the rally time
[15:30] {muddleheaded} Thanks Dino, my eyes are glued to my screen.
[15:33] {Threei} gwetting interested in Qs bounce
[15:34] {Threei} let's do half lot
[15:34] {Threei} .60 break if holding .50
[15:34] {dino} 200 pt drop
[15:34] {dino} hate to say it, but so far my earlier call, up then -200
[15:35] {Threei} could you issue one more, for +300 now?
[15:35] {Threei} please?
[15:35] {dawg} in .63 q's
[15:35] {dino} gut says up
06[15:36] * Threei toasts dino's gut
[15:38] {dino} dow l off of .80
[15:42] {dawg} stopped q's
[15:42] {Threei} you didn't partial at 1:1?
[15:42] {dino} gut wrong.
[15:43] {dawg} just missed by 2 cents got in at 1:1 vad it was a good call though
[15:43] {dawg} get in at .63
[15:43] {dawg} got in
[15:46] {Threei} maga, look dcc please
[15:53] {dino} out navg .70, -.31
[15:56] {dino} well once again cramer buy the top sell the bottom, the guy is the ultimate contrarian tell
[15:56] {dino} he was only off by 600 pts, said 300 up
[15:57] {dptl} have a good weekend all:)
[15:57] {Threei} take care dp
[15:57] {dino} u2 dp
[15:58] {Threei} wow
[15:58] {Threei} what a drop
[15:58] {Threei} and kosmo... what can I say
[15:58] {Threei} good job
[15:58] {magoo} cramer
[15:59] {patience} yessh, i thought we would end up some....honestly, do any of them know what's going on
[15:59] {Threei} -350
[16:00] {lisa_jay} .
[16:00] {Threei} another dramatic day, lol
[16:00] {Threei} tired of drama yet?
[16:00] {lisa_jay} Thanks Vad. Learnt a lot this week.
[16:00] {Threei} made some money too?
[16:00] {muddleheaded} See you all next week.
[16:00] {Threei} thank you all
[16:01] {Threei} have a great relaxing weekend
[16:01] {Threei} see you on Monday
[16:01] {lisa_jay} Yes. Of course.
[16:01] {hawkfan4} bye all, thx n enjoy
[16:01] {magoo} ty a;ll
[16:01] {Threei} best kind of learning lisa
[16:02] {lisa_jay} Yes.
[16:02] {lisa_jay} Free tution or tution reimbursement.
[16:03] {lisa_jay} Bye all.

Thursday, November 13, 2008

Nov 13 2008

What a day. Over 900 points range, 11%. Started out well, then took a few stops trying to short initial bounces. Finally got a sense of what was coming, switched to longs and day turned fun and profitable. What a contrast with boredom of the rest of the week.

Session Start: Thu Nov 13 08:07:20 2008

[08:30] {ese} good morning.......
[08:30] {Threei} SEPT TRADE BALANCE: -$56.5 V -$57.0BE
[08:30] {Threei} morning ese
[08:30] {KSystems} Good morning!
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 516K V 480KE;
[08:30] {Threei} KS :)
[08:31] {Threei} CONTINUING CLAIMS: 3.897M V 3.825ME
[08:31] {Threei} - Prior Initial Jobless Claims revised from 481K to 484K
[08:31] {Threei} - Prior Continuing Claims revised from 3.843M to 3.832M
[08:31] {ese} hey back late yesterday morning from up the island.....visiting relatives
[08:31] {ese} good morning ksys.....
[08:31] {Threei} how are things up island?
[08:31] {ese} better than here
[08:31] {ese} relatively warm though....
[08:32] {Threei} I'll have to spend Sunday in Nanaimo
[08:32] {ese} whats up?
[08:33] {Threei} wife has a full day gig over there, and hates driving alone over Malahat
[08:33] {ese} I'm finding in general that this fall and semi winter are warm....certainly was much colder last year
[08:33] {Threei} not sure what I am going to do in that place whole day
[08:33] {ese} can't sys that I blame her......just about an acident a day on the malahat
[08:34] {Threei} did you have to use reserve server to connect?
[08:34] {ese} nope.....connected right away
[08:35] {Threei} ok... some routes are down
[08:35] {ese} Nanaimo city council has fixed up the inner harbour quite nicely's pleasant to walk around
[08:35] {Threei} I guess... just too long
[08:36] {Threei} I'd do with an hour, but whole day? :)
[08:36] {ese} you have no choice then.......
[08:36] {ese} VOLDKA!!!!!
[08:36] {Threei} and driving back over Malahat in complete darkness? :)
[08:37] {ese} sit in gutter in old part of city ........
[08:37] {ese} have a cigarette and voldka.....
[08:37] {Threei} if I am not here on Monday, you know that's exactly what I did, lol
[08:38] {ese} lol
[08:38] {ese} my high school R&B band is singing christmas carols with country superstar Kenny Rogers on Sunday.
[08:39] {Threei} wow
[08:39] {ese} at the Save On Foods Center
[08:39] {Threei} don't you love the name
[08:39] {Threei} Save On Foods Memorial Center
[08:39] {Threei} place where we gather to share memories about how we saved on food
[08:40] {ese} ha ha ha kidding
[08:40] {ese} food industry is only stocks going up......
[08:41] {Threei} I couldn't believe yesterday's Paulson speech
[08:41] {ese} missed it ....what'd he say
[08:42] {Threei} you remember how 6 weeks ago he insisted that the only way to save the world was to buy toxic assets from banks
[08:42] {Threei} and asked for 700B for that purpose
[08:42] {ese} yes
[08:42] {ese} indeed
[08:42] {Threei} yesterday he said, nah, that's not what we are doing with the money
[08:42] {Threei} we are buying bank stocks
[08:42] {ese} blundering idiot......
[08:43] {ese} make up your hate uncertainty
[08:43] {Threei} it's so obvious that they have no idea what they are doing
[08:44] {Threei} LDK
[08:44] {Threei} - LDK Solar has a healthy cash position of more than $460M and available unused credit facilities totaling in excess of $430M.
[08:44] {Threei} - As of the end of October 2008, LDK Solar has secured contracts totaling 1.8 GW for 2009, which is more than 100% of its currently planned output for the year. LDK Solar's wafer plant is operating at full capacity in order to fulfill its customers' orders pursuant to the supply agreements
[08:45] {wishbone} gm all
[08:45] {ese} same with ESLR.........
[08:45] {Threei} wishbone :)
[08:45] {ese} wishbone....
[08:45] {Threei} sector overall doesn't look healthy
[08:45] {Threei} but then again... nothing does at the moment
[08:45] {magoo} morn
[08:45] {ese} no but it's only a matter of time......
[08:47] {ese} NVDA very healthy cash position as well.....just a matter of time
[08:47] {Threei} magoo :)
[08:47] {ese} mags......
[08:48] {Threei} havce a look at this eery chart:
[08:48] {Threei}
[08:48] {magoo} AMAG nuts vad news
[08:48] {ese} robin are ya....
[08:49] {Threei} there is news magoo, I just can't understand single word of it
[08:49] {Threei} [AMAG] AMAG Pharmaceuticals Ferumoxytol resubmission designated complete, class 1 response by the FDA - Update
[08:49] {Threei} - The FDA has established a December 30, 2008 Prescription Drug User Fee Act target action date. AMAG is seeking marketing approval for ferumoxytol for the treatment of iron deficiency anemia in patients with all stages of chronic kidney disease, including those on dialysis and those not on dialysis.
[08:52] {Threei} INTC is weighing on NASDAQ
[08:53] {Threei} DELL under 10... never thought I'd live to see this
[08:55] {lisa_jay} Good morning everyone.
[08:55] {Threei} lisa :)
[08:56] {ese} lisa......
[08:57] {lisa_jay} :-)
[08:57] {dptl} good morning all
[08:58] {ese} dp....
[08:58] {dptl} :)
[08:59] {Threei} dp :)
[08:59] {dptl} :)
[08:59] {Threei} Europe's biggest economy Germany has officially fallen into recession after being hit by the downturn in manufacturing exports.
[09:01] {Onix} Good morning all
[09:01] {Threei} onix :)
[09:04] {_maga} morning everybody
[09:04] {Threei} maga :)
[09:04] {Threei} wishbone, look dcc please
[09:05] {dino} gm all
[09:05] {Threei} dino :)
[09:06] {lisa_jay} HI Dino.
[09:08] {dino} :)
[09:09] {Geo} gm all
[09:09] {Threei} geo :)
[09:14] {lisa_jay} Hi Geo.
[09:15] {Threei} be back in 5
[09:20] {Threei} inverted H&S on daily is practically ruined
[09:20] {Threei} we are looking at possible double bottom now, but gut feeling is, it's not going to hold
[09:21] {dino} naz?
[09:21] {Threei} yeah
[09:21] {dino} 7800, then guessing 7500
[09:25] {KSystems} Vad you finally convinced me to try my coffee black
[09:25] {Threei} and?
[09:25] {KSystems} No Worky!
[09:25] {Geo} lol
[09:25] {Threei} oh well
[09:26] {Threei} apply tight stop
[09:26] {KSystems} yea..triggered
[09:29] {Threei} let's skip first 5-10 minutes
[09:33] {Threei} Short Setup: UAUA half lot .89
[09:33] {Threei} stop above 10
[09:33] {Geo} nope
[09:33] {Threei} nope is right
[09:34] {Threei} was available just yesterday
[09:34] {lisa_jay} avail here, is it still valid?
[09:34] {lisa_jay} sigh too fast.
[09:34] {Threei} yeah
[09:34] {Threei} let it be
[09:35] {lisa_jay} ok, thanks.
[09:35] {lisa_jay} good call though
[09:38] {Threei} Long Setup: DELL .43 if stays above .30
[09:39] {Threei} INTC green
[09:39] {dino} mcd sm l .60, stop .27
[09:40] {dino} stopped
[09:41] {Threei} Long Setup: SOLF 5.11 if stays above 5
[09:43] {Threei} DELL invalidated
[09:43] {lisa_jay} Ok.
[09:43] {dino} pru
[09:46] {lisa_jay} Nasdaq red.
[09:47] {Threei} SOLF invalidated
[09:47] {dino} dji too
[09:49] {dino} sitting
[09:49] {Threei} want to see one more bounce and market reaction on it to confirm that short the bounces is today's play again
[09:49] {Threei} UAUA down full buck from 10
[09:50] {lisa_jay} Yup...
[09:50] {Onix} sniff-sniff
[09:51] {Threei} SPIR
[09:51] {Threei} POSTPONES Q3 FILING
[09:51] {Threei} - Delaying earnings announcement because it is evaluating the timing of revenue recognition with respect to a single multi-element contract with one customer and analyzing its impact, if any, on prior periods
[09:51] {Threei} hmmm
[09:51] {Threei} PETS
[09:52] {Threei} how is it one of strong stocks, LOL
[09:52] {dawg} .)
[09:53] {Threei} gosh, no even bounce to short into?
[09:53] {lisa_jay} DISCA
[09:58] {Threei} Long Setup: UAUA 9 break
[09:58] {Threei} scalp only
[09:58] {Threei} stop under .90
[09:59] {Threei} broke while I typed
[09:59] {Threei} not sure it's worth any chasing
[09:59] {Threei} Short Setup: INTC .29 if stays below .40
[10:00] {lisa_jay} UAUA got .10, thanks Vad.
[10:01] {Threei} welcome
[10:01] {peterg} morning krewe
[10:01] {Threei} peter :)
[10:01] {Threei} good to see our typing is rubbing off
[10:01] {peterg} thats new orleans for crew
[10:01] {Threei} makes us feel omnipotent
[10:01] {magoo} what does mrssage mean vad in laserr"self help"
[10:02] {dptl} s intc .28
[10:02] {Threei} ge5t out of UAUA if you still have any
[10:02] {magoo} ok out .28 TY boss
[10:02] {Threei} over 20 cents, quite ennough for this idiotic stock
[10:02] {lisa_jay} Gosh, UAUA really ramped up.
[10:02] {Threei} welcome mags
[10:03] {magoo} vad in laserr"self help"
[10:03] {Threei} self-help by NASDAQ against some other exchange/route,
[10:03] {dino} sm l mcd .50 trig
[10:03] {Threei} means there is a streetwide issue with that route
[10:03] {Threei} and NASDAQ cuts it off
[10:03] {Onix} ty Vad, i took quick .15 in uaua
[10:04] {dino} gj guys
[10:04] {Threei} good job guys
[10:04] {Onix} in INTC .28
[10:04] {Threei} INTC doesn't really react on NASDAQ upward move for now
[10:04] {Threei} if NQ revreses back down, should be a good one
[10:04] {lisa_jay} I am still in INTC.
[10:05] {Threei} if NQ continues recovery, most likely will be stopped sooner or later
[10:06] {Threei} banking on the idea that no recovery takes place beyond two quick inhales today, lol
[10:06] {Threei} banking = betting
[10:07] {Threei} cover halfat 1;1
[10:07] {Threei} not a scalp trade for me
[10:07] {lisa_jay} stop to Vad?
[10:08] {dptl} where did you cover half Vad?.19
[10:08] {Threei} didn't get hit, tried .17
[10:08] {dptl} oh...yeah same here
[10:09] {dino} wow rimm 39 area
[10:09] {Threei} lisa, I'll keep it at original level for now, if uncomfortable - trail it to .36
[10:09] {dino} the consumer is dead
[10:09] {Threei} oh boy
[10:09] {Threei} I just noticed dino
[10:09] {dino} only thing selling are dollar menu burgers
[10:09] {Threei} who would have thought
[10:10] {Threei} RIMM in 30s? sheesh
[10:11] {Threei} don't dop that to us INTC
[10:11] {Threei} CIT
[10:12] {Threei} - Concurrently, CIT Bank, a Utah-based wholly-owned subsidiary of CIT, filed an application to convert its charter from an industrial bank to a Utah State Bank. CIT has also submitted an application to participate in the U.S. Treasury's Capital Purchase Program (TARP), conditional upon being granted status as a bank holding company by the Federal Reserve.
[10:13] {dino} i'm confused, how will the weak get takenover if everybody gets tarp?
[10:13] {Threei} - Calls for further accounting rules that increase transparenc
[10:14] {Threei} out INTC
[10:14] {dawg} stopped INTC
[10:14] {Onix} stopped INTC
[10:14] {dptl} stopped intc.....
[10:15] {Threei} cimilar announcements gave strong moves to a few stocks recently
[10:15] {magoo} l rimm .69
[10:15] {Threei} yesterday's FTBK move is most recent example
[10:16] {magoo} sorryu fast
[10:16] {dawg} in RIMM small shares
[10:16] {Threei} not sure why CIT is so meek
[10:16] {magoo} out here .91
[10:17] {dino} mcd stop to .25
[10:18] {Threei} CIT could be a climber
[10:18] {dawg} out RIMM .38
[10:18] {magoo} nice dawg..entry?
[10:18] {dino} out mcd .25, +.75
[10:19] {Threei} good job guys
[10:19] {lisa_jay} nice going guys.
[10:19] {Onix} well done guys
[10:19] {dawg} Thanks magoo got in late at .01
[10:19] {magoo} good job
[10:19] {magoo} ideally..we need a good pullbk..thgen ramp up
[10:19] {dawg} Thank you sir great call
[10:20] {magoo} hard to chase here
[10:20] {Threei} anyone went for CIT?
[10:20] {dawg} following you along on this magoo
[10:20] {Threei} was pure momo play, no tech nicals to it
[10:20] {lisa_jay} Nope.
[10:20] {Onix} nope
[10:21] {dino} clf sm l .75, stop .33
[10:22] {Threei} some serious enthusiasm
[10:22] {Threei} market seems to be trying to form that double bottom
[10:22] {magoo} we really need a pullbk..missed all these
[10:22] {Threei} all of a sudden it starts looking like buy pullbacks day
[10:23] {Threei} UAUA... jeez
[10:24] {Threei} RGEN??
[10:24] {magoo} lil market lil market..let me chance magoo...u gotta chase RIMM
[10:24] {Threei} here is pullback mags
[10:25] {magoo} well..i want to see how dep too
[10:25] {magoo} deep
[10:25] {Threei} what the heck was that on RGEN
[10:26] {Threei} no news that I see
[10:27] {Threei} .50 break RIMM if holding above .30
[10:27] {dptl} dis? long at .70?
[10:28] {muddleheaded} Took a chance on SOLF after it bounced, hit my trailing stop, then went even further. Thanks Vad.
[10:28] {dino} clf stopped
[10:28] {KSystems} dino: What does it mean when you write "sm"? Is that stop market or small size?
[10:28] {Threei} worth a try dp
[10:28] {magoo} small size
[10:28] {Threei} if holding above .60
[10:29] {Threei} mudd, good job
[10:29] {dino} 300 shares
[10:29] {dptl} ok ty
[10:29] {magoo} l=long
[10:29] {magoo} sh=short
[10:29] {magoo} speed reasons
[10:30] {magoo} half lot=500 sh
06[10:30] * magoo slaps laserdave1 around a bit with a large trout
[10:30] {KSystems} thanks
[10:30] {magoo} and slap=slap
[10:30] {Threei} Soros?
[10:30] {dawg} in RIMM .51
[10:30] {lisa_jay} Rimm went right trhough .50
[10:31] {Threei} ok guys, this is hard call for me to make
[10:31] {Threei} but I have to
[10:31] {Threei} Long Setup: INTC .75 if holding above .60
[10:31] {magoo} rimm area breath .71
[10:31] {magoo} FULL vad
[10:31] {dawg} holding magoo for .71?
[10:32] {magoo} see RIMM will pop to an area than breathe
[10:32] {dawg} OK
[10:32] {magoo} then pop thru area then breathe
[10:32] {dawg} out .71 RIMM
[10:32] {magoo} safer to layout and babnk then reenter
[10:32] {magoo} scalpers regret sure..but safer
[10:33] {Threei} even if this setup on INTC is invalidated, mood is changing a bit here
[10:33] {dawg} I see thanks magoo
[10:33] {magoo} it may hit .30 area here
[10:33] {magoo} cant chance it
[10:33] {Threei} INTC warned, and went green, and market stages something rally like?
[10:33] {ese} for the bettervad.......
[10:33] {dawg} follow that
[10:33] {ese} is that what your sensing
[10:33] {Threei} yes ese
[10:33] {magoo} dawg see RIMM
[10:33] {Threei} positive reaction on bad news
[10:34] {magoo} 29
[10:34] {magoo} thats hard breather
[10:34] {ese} indeed.......thats what i'm seeing as well
[10:34] {dawg} just like you said magoo
[10:34] {Onix} stopped DIS
[10:34] {magoo} now it could literally go green today...but its a rough ride
[10:34] {dptl} stopped dis.. .....taking a break......
[10:35] {magoo} so we scalp it 10 times
[10:35] {dawg} rough ride magoo?
[10:35] {magoo} in here
[10:35] {dawg} I see
[10:36] {magoo} u in losing but had .71...then it resumes and takes 41...then breathes hard to 40.50
[10:36] {magoo} then goes 41.50
[10:36] {magoo} see
[10:36] {magoo} rough ride
[10:36] {magoo} cant blow stops cause ive had rimm KILL me 7 points
[10:36] {dawg} got it follow that when you spell it out like that old dog new tricks
[10:37] {magoo} funny..u reference dog alot dawg he he
[10:37] {dawg} 7 points jesus that would kill me for good
[10:37] {magoo} see now, rimm would be killing u here
[10:37] {lisa_jay} Thanks Magoo. Learning too.
[10:38] {magoo} we call these wild if vad or i say "its a wild animal..or hartd btreather" this is example
[10:39] {dawg} alright learning a lot here never would have guessed breather
[10:39] {Threei} lol
[10:39] {dino} sm pru l .75, stop .43
[10:39] {Geo} then dino has his pulps
[10:41] {muddleheaded} Look at the candles on ZINC. Who would buy that?
[10:42] {Threei} thin stock...
[10:42] {Threei} people with unsophisticated brokers get all kinds of screw-ups
[10:42] {muddleheaded} One million shares.
[10:42] {Threei} look at level2
[10:42] {dino} lol geo
[10:43] {dino} comp -
[10:44] {magoo} dawg more thing
[10:44] {dawg} yes
[10:45] {dino} pru stopped -.33
[10:45] {magoo} if we say lay it out or waiting at..that means put sell out ahead like laser ..lots of fills i never see the lev 2 print..just BAM OUT
[10:45] {lisa_jay} ok, thanks
[10:45] {dino} hey mr. kotter, zip it
[10:45] {Geo} yeah learn that one from magoo
[10:46] {Geo} learnt
[10:46] {dawg} yes have to switch from interactive brokes to laser magoo
[10:46] {Geo} throw offers in as soon as hit
[10:46] {magoo} if i had rimm here be out there already at 41.12
[10:46] {dino} dji -
[10:46] {dawg} damn that is fast
[10:46] {magoo} breaks thru hits fast..then it falls back to 40.50
[10:46] {magoo} good trade if your fast..if hesitate u lose and hate me lol
[10:47] {dawg} RIMM is good scalping stock correct?
[10:47] {magoo} its a dangerous stock
[10:48] {magoo} btw..i saw .11 printsa
[10:48] {Onix} not a good morning for me, but now I off to work. Best of luck everybody. Bye
[10:48] {dawg} btw..i saw .11 prints?
[10:49] {magoo} just saying my example worked
[10:49] {dino} cya onix
[10:49] {lisa_jay} bye onix
[10:49] {dawg} ah got it
[10:49] {magoo} no more trading talk
[10:50] {dawg} Thanks magoo for your time
[10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:50] {dawg} lol
[10:50] {Chaeron} Good morning all
06[10:50] * magoo slaps Chaeron around a bit with a large trout
[10:51] {Chaeron} thx:)
[10:51] {magoo} [10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:51] {magoo} [10:50] {dawg} lol
[10:51] {magoo} 10:50] {magoo} lets get vad and dino wastiung our whole day complaining about politics he he
[10:52] {Threei} chaeron :)
[10:52] {magoo} response from either lol
[10:52] {Threei} dino... do we oblige?
[10:53] {Threei} or do we ignore and make him suffer?
[10:53] {dino} ignore him
[10:54] {dino} and magoo....
[10:54] {Geo} ah come one
[10:54] {Geo} one
[10:54] {lisa_jay} UAUA breaking 10
[10:54] {Geo} ON
[10:54] {Geo} he was helping people out
[10:54] {Geo} i vote for you magoo !!!
[10:54] {lisa_jay} C&H Vad, not trading - education only.
[10:56] {Threei} yes lisa
[10:58] {peterg} In the end or the world, all stocks will be selling for under one dollar
[10:59] {Threei} rofl
[10:59] {Threei} peter
[10:59] {Threei} you quoted me almost literally,
[10:59] {Threei} back in 2002
[10:59] {peterg} a vadish thought hm
[10:59] {Threei} I said we will buy big when everything is under 10
[10:59] {Threei} what do you know
[10:59] {peterg} wow-
[10:59] {Threei} that worked
[11:00] {Threei} *DOE CRUDE: +22K V 500KE; GASOLINE: +1.9 MV +500KE
[11:00] {peterg} my poor father has a big position in GE; fortunately good pension, too
[11:01] {peterg} getting poorer
[11:02] {peterg} an example of the long term trader; always long term, never sell
[11:02] {peterg} though I have influenced him; he held ford for two weeks and sold for $300 profit.
[11:02] {dino} deck sm risky gappy l .92
[11:03] {muddleheaded} Made a bit more on a SOLF pullback. Do you remember what IntellIscan alert showed SOLF Vad?
[11:03] {magoo} we really need mkts to bounce here ..its time
[11:04] {Threei} none mudd
[11:04] {Threei} this play came in a roundabout way
[11:04] {Threei} scanner showed spike on SOLR
[11:05] {hawkfan4} LVS .49, stop .40
[11:05] {Threei} I looked at other solars
[11:05] {Threei} and liked SOLF for the bounce
[11:05] {muddleheaded} Oh, a sector play. Thanks.
[11:05] {Threei} right
[11:07] {Threei} waiting out this period
[11:07] {Threei} gotta get something more certain
[11:08] {dino} deck stopped -.42
[11:09] {muddleheaded} Mr. Market is drunk today.
[11:09] {dino} hit/miss day
[11:09] {dino} dji approaching lod
[11:10] {dino} mcd sm l .50
[11:12] {dino} deck gbig rinse\
[11:13] {dino} typos
[11:13] {dino} pru sm l .50
[11:14] {hawkfan4} Vad, CIT pullback interesting ?
[11:15] {Threei} can't tell hawk
[11:15] {Threei} it's a momo play
[11:15] {hawkfan4} yeah, can't get a feel for it yet
[11:15] {Threei} they rarely follow technical patterns, more like a matter of whether momo returns or dies
[11:15] {dino} pru stopped done w/it it's broken
[11:22] {hawkfan4} stoped LVS -.10. had 2:1 but froze like a deer in mags headlights
[11:22] {lisa_jay} Moves were very choppy in LVS.
[11:23] {lisa_jay} Was watching it to learn after you called it out.
[11:23] {dawg} so was i just to fast and missed it hawk
[11:24] {Chaeron} wow... gas $1.72 in GA
[11:24] {wishbone} spoke w/ shaw....problem excessing sites nationally
[11:25] {Threei} yes... that's what we alerted about premarket
[11:25] {wishbone} i see you guys are using laser yet i canot log in....just wondering what could be issue?
[11:25] {Geo} is secure unchecked
[11:25] {Geo} ?
[11:25] {Threei} did you modify the executor IP}
[11:25] {Threei} ?
[11:25] {lisa_jay} Hawk, LVS was a JBE right? If so what an explosion.
[11:25] {wishbone} yes
[11:26] {Threei} to 15905
[11:26] {wishbone} yes
[11:26] {Threei} call dave then and get him to fix
[11:26] {wishbone} ok ty
[11:26] {Threei} and don't forget to slap him with trout
[11:26] {hawkfan4} whippy fast moves, not my strength, yep lisa, if i had vad's finger speed it would've worked
[11:35] {dino} eqix
[11:38] {Threei} I don't get it
[11:38] {Threei} CEO says they need a plan?
[11:38] {Threei} who does he expect to design a plan for him?
[11:39] {muddleheaded} A bailout plan given to him.
[11:39] {Threei} watching FMCN pullback
[11:39] {Threei} will be interesting near 7
[11:42] {Threei} didn't go that low
[11:42] {Threei} let's try it this way then
[11:42] {Threei} Long Setup: FMCN .23 if holding above .10, half lot
[11:45] {dino} wcg bloody
[11:47] {dawg} in FMCN
[11:48] {dawg} .24
[11:48] {lisa_jay} MISSED
[11:48] {lisa_jay} sorry caps
[11:52] {Threei} feel free to take prfoit as you see fit
[11:52] {Threei} market is jerky
[11:53] {lisa_jay} yup
[11:53] {Threei} and FMCN is wounded stock
[11:53] {dawg} scalping FMCN Vad?
[11:53] {Threei} I think so
[11:53] {Threei} maybe do this:
[11:53] {Threei} stop to right under .30,
[11:53] {Threei} and see if it breaks that .34 offer
[11:53] {Threei} it does, great
[11:54] {Threei} it loses .30, just take little scalp and let it be
[11:54] {dawg} OK .34 is where I am offering
[11:55] {dawg} out taking .28
[11:55] {dawg} Thanks Vad good call
[11:55] {Threei} welcome,
[11:55] {Threei} watch that big offer chasing it down
[11:55] {Threei} it may indicate new entry when taken
[11:56] {dawg} OK
[11:56] {magoo} dino and i were discussing
[11:57] {Threei} beer or beer with vodka?
[11:57] {magoo} mkt wants uop..but its to wimpy
[11:59] {dino} we could freeze it again w/ a bet
06[11:59] * magoo slaps dino around a bit with a large trout
[11:59] {magoo} STOP IT RIGHT THERE
[12:02] {dino} pru sm l .50 trigger, wide
[12:06] {dino} no trig
[12:10] {Threei} sheesh... even simple talk about your bet has stopped market dead in its tracks
[12:11] {dino} lol
[12:11] {dino} if we could only harness the power for good
[12:14] {Threei} yes you can!'
[12:15] {Threei} let Obama know you can freeze the market... you will be hired on a spot
[12:16] {Threei} charge 0.0001% of the amount market DIDN'T lose on each given day, you are insanely rich
[12:21] {dino} 8.174 was oct 28th low
[12:21] {Threei} very hard to say whether we are back to selloff pattern or this is just a trap
[12:21] {dino} 8,143 10/27
[12:22] {magoo} surprise surprise
[12:22] {magoo} mkt blows again
[12:28] {Threei} have you noticed how happy and firsky market becomes on rally attempts
[12:29] {Threei} and how slow and depressed it is when downward resumes... kid of hangs its head with sigh, "what, again?... whatever..."
[12:33] {Threei} good comment somewhere yesterday:
[12:34] {Threei} Fed is not trying to catch falling knives. Fed is trying to cath falling piano
[12:34] {muddleheaded} NETC possible bounce with tight stop.
[12:34] {Threei} FMCN at 7
[12:35] {Threei} market turns, buy first strrength with ridiculously small stop
[12:40] {dawg} in FMCN .05
[12:40] {dawg} stop .99
[12:41] {dawg} small lot
[12:42] {lisa_jay} I got in at .01 - stopped out a .03 :-)
[12:42] {Threei} huh?
[12:42] {Threei} wow
[12:42] {dawg} what the..
[12:42] {Threei} you take concept of tight stop to the extreme :)
[12:43] {Threei} along with concept of trailing it
[12:43] {lisa_jay} Yeah...well you did say tight stop...I had .99 as stop 1:1 :-)
[12:43] {Threei} .99 is good
[12:43] {Threei} but 2 cents profit... unless you had 20K shares...
[12:43] {lisa_jay} I wish.
[12:44] {dino} lisa, pick your $ pain and simply adjust size
[12:45] {lisa_jay} Ok, thanks Dino.
[12:46] {Threei} TM
[12:46] {lisa_jay} Still very small shares sizes right now.
[12:46] {dino} wow c at 8.60
[12:47] {dawg} stopped FMCN
[12:47] {dino} lisa, if very small then give yourself chance to make $, widen stop so not rinsed all over
[12:48] {dino} tight stops are for big shares, imo
[12:48] {lisa_jay} will try that Dino...I get stopped out very often. Only using bigger sizes for Vad's calls.
[12:49] {lisa_jay} Shares that is.
[12:49] {Geo} sp approaching oct 10 low
[12:49] {Threei} are stats better for those?
[12:49] {lisa_jay} :-)
[12:49] {dino} uh oh, broke
[12:49] {lisa_jay} Yes they are.
[12:50] {Threei} why trade anything else at this stage then?
[12:50] {lisa_jay} Sigh. I kow.
[12:50] {Threei} stick with what is working, widen your scope later wqhen you advance on a learning curve
[12:51] {dino} 8100 broke
[12:51] {Threei} NASDAQ lost lows too
[12:51] {dino} 7880 coming??
[12:51] {Threei} it's just 300 points away
[12:51] {Threei} what's 300 points thesae days?
[12:51] {dino} could happen by 2:00
[12:52] {Threei} ok... let's hunt for a bounce to ahort into
[12:52] {Threei} watching ADBE
[12:54] {Threei} what bounce market says
[12:54] {Threei} we had a shot at nice bullish sign when market went green on INTC bad guidance... didn't utilize it,
[12:55] {Threei} more downside's coming, unless we stage stunning reversal TODAY
[12:55] {Threei} abyss looks back at market
[12:55] {Chaeron} dino likes 7000
[12:56] {dino} don't like it, just obvious target
[12:57] {Chaeron} didn't mean "like like" I meant... oh nevermind :)
[12:58] {dino} :)
[12:58] {dino} cme under 200
[12:59] {dino} 714-198
[12:59] {dino} -301 dji
[13:02] {Threei} ADBE into this bounce
[13:03] {Threei} can't nail exact price
[13:03] {dptl} s .22
[13:04] {dawg} in .26
[13:04] {Threei} stop above .30
[13:04] {Threei} can take a few tries
[13:05] {dptl} stopped
[13:05] {dawg} stopped
[13:06] {Threei} got .34
[13:06] {dawg} got .31
[13:08] {Threei} come on market
[13:08] {Threei} behave
[13:08] {Chaeron} Pres Bush to speak on Wall Street in an hour
[13:08] {dawg} stopped
[13:08] {Threei} grrr
[13:08] {dawg} ADBE
[13:09] {dptl} yeah...stopped again...
[13:09] {lisa_jay} Did not take...
[13:10] {dawg} got .46 for last try small lot
[13:11] {Chaeron} .47 and not confident... got that 2x4 Vad?
[13:12] {Threei} swinging as hard as I can
[13:13] {Chaeron} just enter your short first
[13:14] {Threei} disgusting
[13:14] {Threei} can't go long, can't short
[13:14] {dawg} stopped ADBE
[13:15] {lisa_jay} -0.8
[13:15] {Chaeron} stopped -.13
[13:15] {dptl} damn it 3 out of 3 stoppes
[13:15] {dawg} - 10 cents
[13:15] {dino} fcx, clf, kbr, and dow holding fairly well
[13:15] {dino} ice too
[13:18] {magoo} so whjat u think of this vad?
[13:19] {Threei} I try not to
06[13:19] * Geo thinks he needs a vacation
[13:19] {Threei} this is mess, not trading
[13:19] {magoo} pretty strong bounce
[13:20] {Geo} [09:55] {Threei} more downside's coming, unless we stage stunning reversal TODAY
[13:20] {Geo} hmmmmmm
[13:24] {dino} gut call, we close hod's
[13:24] {lisa_jay} Yes, feel the same...could see one of those ramp ups.
[13:26] {Threei} well... if that materializes, UAUA is likely to go to about 9.50
[13:27] {Threei} and ADBE to 22.30
[13:27] {dino} adbe had good channel checks
[13:27] {Threei} timing of entry is beyond difficult
[13:28] {dino} yes, and i could be wrong
[13:28] {dino} coin flip
[13:28] {Threei} spike
[13:28] {Threei} 9 break I guess UAUA
[13:29] {dptl} l .04 uaua
[13:30] {Geo} in .02
[13:30] {Threei} half out closer to .20
[13:30] {Threei} sold half
[13:31] {magoo} nice
[13:31] {Geo} sold half .19
[13:31] {Threei} this one was relatively easy
[13:31] {Threei} ADBE, I never saw any infdication for entry
[13:32] {Threei} 1/4 more out .28
[13:33] {Threei} offering last portion .45
[13:33] {Geo} beauty vad....
[13:33] {Geo} good lesson on not giving up
[13:33] {Threei} careful...
[13:33] {Threei} lwest people advise us get a room
[13:34] {Geo} out
[13:34] {Threei} why would I give up
[13:34] {Threei} what happened so extraordinary
[13:34] {Geo} :)
[13:34] {Geo} lesson for me
[13:34] {Geo} 5 stops today
[13:35] {Threei} non-working short ADBE - alerted from the get go this kind requires multiple tries
[13:35] {Threei} so I was ready for that,
[13:35] {Threei} and if you remember, regular warning is
[13:35] {Threei} don't touch it unless willing to take a few stops
[13:35] {Geo} yup
[13:36] {Geo} new break entry valid?
[13:36] {Threei} I just wish I could get an entry on a long side on it
[13:36] {Threei} break on what?
[13:36] {dino} only 250 to go
[13:36] {Geo} 35 uaua
[13:36] {Geo} pullback
[13:37] {Threei} UAUA is not really breakout stock...
[13:37] {Geo} k
[13:37] {Threei} dp, you alive out there?
[13:37] {Threei} don't forget top breathe
[13:38] {dptl} lol...bearly.....still have 100 uaua
[13:38] {Threei} "bearly" - can you tell he is Russian?
[13:38] {dino} gj
[13:38] {Threei} we spell everything through bear... bear, bread, even vodka
[13:39] {Threei} beer
[13:39] {Threei} hit .45
[13:39] {dptl} also long sd at .08
[13:39] {magoo} UNREAL
[13:39] {Threei} whew
[13:39] {magoo} going green
[13:39] {Threei} +.18, +.27 and +.44
[13:40] {muddleheaded} Vad, a quick question. I got in NETC after the bounce, but I have no idea were to put a stop. .
[13:40] {Threei} what price are you in?
[13:40] {muddleheaded} $4.95
[13:41] {Threei} I'd sell half here and trail to under 5
[13:41] {muddleheaded} Thanks.
[13:44] {Threei} I still don't get it
[13:44] {Threei} paint me stupid
[13:44] {Threei} but I can't understand how the bailout can be structured so it doesn't turn into line of bailouts
[13:44] {Chaeron} looking for that color.....
[13:44] {Threei} they lack operating cash
[13:44] {Threei} or about to run out of it
[13:45] {Threei} you give them 25B, they burn through it in a few months
[13:45] {Threei} what's next?
[13:45] {Chaeron} give them moe
[13:45] {Chaeron} more
[13:45] {dino} dji+
[13:45] {Threei} what is going to change so they become sustainable during that time?
[13:45] {dino} only 90 to go
[13:45] {magoo} WOWWWWWWWWW
[13:45] {Chaeron} exactly... let them fail
[13:46] {dino} that gut on mine...........
[13:46] {dino} of
[13:46] {Threei} well, that doesn't look like an option either, with 3 mil jobs on line
[13:46] {Geo} keep feeding that gut dino
[13:46] {Threei} that's one good gut dino
[13:46] {dino} lol
[13:46] {Threei} make sure you take good care of it
[13:46] {Geo} can we habe subscriptions based on dino's gut?
[13:47] {Threei} increasing in size as dino gains weight?
[13:47] {Geo} maybe a red green gut blinker in the chatroom
[13:47] {Geo} yes
[13:48] {Threei} ADBER hot target too
[13:48] {dino} lol
[13:48] {Threei} hit
[13:49] {muddleheaded} Rest of NETC at $5.11. Thanks Vad.
[13:50] {Threei} your play...
[13:50] {Threei} I just blabbed around
[13:50] {muddleheaded} Your advice :)
[13:54] {Threei} does it mean he never ventured outside of WalMart in 8 and half years?
[13:54] {Threei} green
[13:55] {Threei} I am at loss of speech
[13:55] {dino} rock 'n roll fcx
[13:55] {Threei} let's close green today, gain some serious volume in last couple hours, and we are in for a nice rally
[13:55] {magoo} green...nope wait,nope green
[13:56] {Threei} come on magoo... you have direct view of dino's gut
[13:56] {Threei} just tell us
[13:56] {magoo} cant bear it
[13:56] {Threei} hmm?
[13:57] {Threei} is it hedge funds that are a problem?
[13:57] {lisa_jay} bush on
[13:57] {dino} not really.
[13:58] {dino} the banks/brokers/etc, house of cards
[13:58] {Threei} that's what I thought
[13:58] {Threei} why would they ligislate hedge funds at this point
[13:59] {dino} think about it, mutual funds selling too, and they are 100x's bigger and more
[14:00] {Threei} OCT MONTHLY BUDGET STATEMENT: -$237B V -$200BE
[14:00] {magoo} i feel bad for the hedge funds ..innocent victims
[14:00] {Threei} with short ban they found themselves in impossible position
[14:01] {dino} if george would get off tv we would rock
[14:01] {Threei} weren't we told yesterday they wouldn't?
[14:02] {Geo} comeone dino
[14:02] {Geo} be nice to the outgoing chief
06[14:02] * Geo hoping for a salty response
[14:03] {Threei} so, technical.ities aside zero rate is decided on?
[14:04] {magoo} turn up the TUNES dino
[14:04] {magoo} luvin' it
[14:04] {dino} i did
[14:04] {dptl} lol...brothers eh....
[14:05] {magoo} beasty boyz"sabotage"..luv it
[14:05] {Threei} I just got an e-mail calling me to Say "NO" to erectile dysfunction
[14:05] {Threei} ok
[14:05] {Threei} NO
[14:06] {magoo} hbtw..i paid up my bet..meatluvrs pizza
[14:06] {dino} your wife sent it to you
[14:06] {Geo} cheron.... stop sending spam
[14:06] {magoo} ROFLOL
[14:06] {dptl} that means pfe long Vad?
[14:06] {magoo} could u imagine having to sleep with vad?? UGGGG
[14:06] {Threei} I don't know dp... I just do what I tolds... I said NO as they asked
[14:07] {dptl} :)
[14:07] {magoo} this mkts coiling BIG TIME 500 up
[14:08] {peterg} a suggestion?
[14:08] {peterg} for play?
06[14:08] * magoo slaps peterg around a bit with a large trout
[14:08] {peterg} I get it
06[14:08] * peterg slaps magoo around a bit with a large trout
[14:08] {Threei} magoo sure is playful, peter
[14:08] {peterg} right
[14:08] {magoo} [14:06] {magoo} could u imagine having to sleep with vad?? UGGGG
[14:09] {Threei} hey
[14:09] {Geo} wot?????/
[14:09] {dino} fcx stop to .38
[14:09] {Geo} we need serious editing
[14:09] {Threei} some happen to think I look very distinguished
[14:09] {Geo} hmmmm
[14:09] {Geo} do you pay their allowance?
[14:09] {peterg} look like admiral
[14:09] {magoo} aapl lo RISKY
[14:09] {peterg} admiral vad
[14:09] {Threei} lol
[14:10] {Threei} always wanted to try pipe
[14:10] {dino} Avad for short
[14:10] {magoo} out .near 91
[14:10] {magoo} there peterg
[14:11] {peterg} wiw
[14:11] {peterg} wow
[14:11] {magoo} [14:09] {magoo} aapl lo RISKY
[14:11] {magoo} was at .35
[14:13] {muddleheaded} Does anyone get Trader Monthly magazine? I got my first free copy today in the mail.
[14:14] {dino} no
[14:14] {magoo} reason i'm posting alot today is laserdave is twisting my or u are dead
[14:15] {Geo} wow
[14:15] {Geo} i thought he was a nice guy
[14:17] {Threei} Bush is giving a philosphy/history speech on free markets
[14:17] {Threei} nothing about today's measures
[14:17] {Threei} so I gues market can start trading on its own
[14:18] {Threei} hard to believe how much he aged
[14:22] {Threei} 9.60 UAUA
[14:22] {Threei} long if stays above .50
[14:23] {magoo} l rimm 7
[14:23] {dptl} l .63uaua
[14:24] {dino} 50 pts to go
[14:24] {magoo} out .912
[14:26] {Threei} over 1;1
[14:26] {Threei} out .79
[14:26] {dino} 30
[14:26] {dptl} out.79 ty
[14:26] {Threei} :)
[14:26] {Geo} all out .85
[14:27] {dino} gj
[14:27] {jmb} thanks
[14:27] {lisa_jay} Got .22 thanks Vad.
[14:27] {Threei} lisa :)
[14:27] {dino} fcx stop to .50
[14:27] {Threei} welcome guys
[14:27] {Threei} life sure becomes easier when clear trend appears
[14:27] {Geo} lord vader..... is leading the charge
[14:27] {Threei} day suddenly looks much brighter
[14:28] {dino} vlad the impaler
[14:28] {Geo} nope
[14:28] {Geo} remembr the email dino
[14:28] {dptl} out sd +.65...whuuuu positive now:)
[14:28] {dino} bammmmmmmm! hod dji
[14:29] {dino} hows that for a 400pt call
[14:29] {Threei} nice dp
[14:29] {Threei} beautiful one dino
[14:29] {dino} gj dp
[14:29] {dino} fcx to .97
[14:29] {dptl} ty...tought day...but survived :)
[14:30] {lisa_jay} Dawg?
[14:31] {dino} mcd stop to .19
[14:31] {Threei} what incredible turns of events almost on daily basis
[14:32] {muddleheaded} Do you think we will have another reversal?
[14:32] {dino} out mcd +.70
[14:32] {lisa_jay} Finally, Bush speaks and market ramps up.
[14:33] {Threei} mudd... honst to god, I have no idea what to think
[14:33] {Threei} things change on a dime, and the sheer scale of changes is enough to put to shame anyone who tries to put on any kind of prognosis
[14:33] {Threei} except dino's gut
[14:33] {Threei} that works like charm
[14:34] {muddleheaded} Looks like 15 min candle topping tail on NQ.
[14:34] {muddleheaded} Time for QID?
[14:34] {dino} out fcx +1.43
[14:35] {peterg} omigod
[14:35] {peterg} wtg
[14:35] {lisa_jay} nice Dino
[14:35] {dino} ty, lucky
[14:35] {lisa_jay} :-)
[14:36] {magoo} mudd, u gottawatch AAPL and GS as mkt tells
[14:37] {dino} hl l dow .80
[14:38] {magoo} l rimm here .34
[14:38] {magoo} so dam fast to post
[14:38] {muddleheaded} Thanks magoo.
[14:39] {magoo} out 66
[14:39] {magoo} and QQQQ
[14:39] {magoo} RIMM prob go green..risky
[14:39] {dino} anyone for +400 dji
[14:39] {Threei} INTC is nicely green
[14:40] {lisa_jay} Indices carving out a hammer today. Nice.
[14:47] {dino} pout pru .60, +1.10
[14:48] {dawg} Dawg was in the pound Lisa
[14:48] {Threei} almost 100 points NQ from the bottom
[14:48] {lisa_jay} :-)
[14:48] {dptl} lol Dino nice......luky i guess :)
[14:48] {dptl} lucky
[14:49] {dino} lucky is right
[14:49] {dawg} wtg Dino wow
[14:49] {dino} dow wall of china at .00
[14:49] {dino} stop to .90
[14:49] {peterg} pretty soon dino's driver shows up for him in the limo
[14:50] {dino} stopped dow +.10
[14:50] {dino} sm l cedc .30
[14:50] {dino} risky one
[14:51] {Threei} that's sensible play dino... traders will sure order a lot of vodka today after mrket
[14:51] {dino} lol
[14:51] {dino} lagging, so thought worth a "shot"
[14:52] {dptl} it' polish though isn'it ....cedc
[14:52] {lisa_jay} might slow down now..marke
[14:53] {muddleheaded} Vad are you thinking of holding anything overnight after all this?
[14:53] {dino} cedc stop is .97, don't get hurt by it
[14:54] {dino} dp, no allentown area v=based, distributor in poland russia, etc
[14:54] {Threei} no mudd
[14:54] {Threei} things are too volatile for that
[14:54] {muddleheaded} O.K.
[14:59] {magoo} vad..u in anything?
[14:59] {Threei} no
[14:59] {dino} is there anything better than making $, listening to good music, and watching the cowboys cheerleaders all ot the same time?
[15:00] {lisa_jay} lol
[15:00] {peterg} could add ribs and vodka, but might mess up keyboard
[15:00] {peterg} and judgement
[15:00] {dino} lol, i guess there is...good point
[15:01] {Threei} keyboard is worth consideration
[15:01] {lisa_jay} bloomberg - Paulson will be on at 3:40.
[15:01] {dino} why not wait until close, these guys are clueless
[15:02] {muddleheaded} Is Paulson the ringleader of this circus?
[15:02] {peterg} jawbone of an ass
[15:02] {dino} one of many
[15:02] {dino} but come on, he should know that's 20 min. before close
[15:02] {dino} cedc stopped -.33
[15:03] {muddleheaded} Maybe Paulson changed his mind again.
[15:03] {peterg} what, help the little guy?
[15:03] {muddleheaded} Leave it all for the next guy to fix.
[15:04] {peterg} NYT said in editorial he ws conspicuously absent from yesterday annountcment
[15:04] {Threei} interesting thing about today:
[15:04] {magoo} paulsen just used fed $$ to short mkts..getting killed so wants totalk it down
[15:04] {peterg} about helping individuals
[15:04] {Threei} lawmakers backed off pushing sutoindistry immediate help
[15:04] {Threei} and market ramped up
[15:04] {dino} lol magoo
[15:04] {Threei} I have no idea whether it's connected in any way
[15:05] {dino} butterfly effect
[15:07] {magoo} cramers bullish here
[15:07] {Threei} lol
[15:07] {Threei} short all you can
[15:08] {muddleheaded} Mr. Market just fell off a cliff he was so drunk.
[15:08] {Threei} well
[15:08] {Threei} you have to give it credit
[15:09] {Threei} our drunkard fell off the cliff,
[15:09] {Threei} sobered up,
[15:09] {Threei} and climbed out
[15:09] {Threei} can you blame him that he decided to inhale couple shots to celebrate it,
[15:09] {Threei} and fell back a little?
[15:10] {Geo} vads all about poetic analogies these days
[15:10] {Threei} yup, drunkards falling off a cliff is very poetic
[15:10] {muddleheaded} Maybe if I was drunk i would understand this market better?
[15:10] {Threei} in their own way
[15:11] {Threei} mudd... say what??
[15:11] {Threei} all this time you tried to trade sober????
[15:11] {dptl} roflol
[15:11] {magoo} dp is roflol because he IS drunk and fell too
[15:11] {magoo} hiccup
[15:12] {Threei} come on man... read the first page of the manual
[15:12] {muddleheaded} I guess I didn't read all the trading room rules :)
[15:12] {Geo} comon vad one more call !!!! and ill be positive puhhhlease
[15:12] {Threei} bold font
[15:12] {magoo} how much ya need geo?
[15:13] {Geo} 150
[15:13] {magoo} ok
[15:13] {Geo} wierd day for me so not taking any of my own
[15:15] {dino} watching met, dow, wcg
[15:16] {Threei} watching GG
[15:18] {magoo} l aapl
[15:18] {magoo} 93
[15:18] {Threei} couldn't het entry timing, touch trader
[15:19] {lisa_jay} ?
[15:19] {Threei} GG
[15:19] {dino} cedc l .99
[15:20] {magoo} aapl stop .69
[15:20] {magoo} looking for 93.70-80- arrea
[15:22] {lisa_jay} adbe?
[15:23] {magoo} out here 70..+.70
[15:23] {magoo} GEO??
[15:23] {Geo} sigh
[15:23] {peterg} nice mags
[15:23] {Geo} i apologize magoo
[15:24] {lisa_jay} nice one Magoo
[15:24] {dino} gj
[15:24] {magoo} sheesh..i took it for mullah too
[15:24] {Geo} heheheh
[15:24] {Geo} you should take a lot more too :)
[15:24] {dino} out cedc .23, slipped +.24
[15:24] {magoo} figured had no right to call it unless i place a bet
[15:24] {Geo} i have vad on highlight will add yo too
[15:25] {magoo} that WAS 70 cenbt
06[15:25] * magoo slaps Geo around a bit with a large trout
[15:25] {Threei} but I wear reflective hood geo
[15:25] {peterg} out cedc +..16, out too soon, tks dino
06[15:25] * Geo slaps magoo around a bit with a large trout
06[15:25] * Geo slaps Geo around a bit with a large trout
[15:25] {Geo} sorry
[15:26] {Threei} The stock market has now lost about $6.9 trillion dollars since the peak. This is almost 10 times the size of the $700 billion TARP program. This is seven times the value of all subprime mortgages that were in existence in the US (around $900 billion), six times the amount at the peak of the housing boom. All the mortgage debt in the US amounts to around 11 trillion. In our words, the stock market has now lost enough value to discount that 60% of the homeowners in the US with mortgages are going to default on their mortgage. Can you say overdone?
[15:26] {Geo} i thought the stock market is just a zit on the bond market
[15:26] {Geo} we loosing much there?
[15:27] {Onix} Hello there, I can't leave you guys alone for a few hours ... then you had to go and race the market upo like that in my abscence?
[15:28] {Threei} we hurried up while you were out onix...
[15:28] {dino} gj peter
[15:28] {Onix} suppose i mussed some great trades?
[15:28] {dino} geo, it is
[15:28] {Threei} couple
[15:28] {peterg} tks dinster
[15:28] {dino} and yes onix, you did
[15:28] {Threei} don't tell onix it was 19 trades for 2.30 average gain
[15:28] {Threei} or he will never leave again
[15:29] {dino} don't read the above onix, you will feel sick
[15:29] {Onix} you serious about that info Vad?
[15:29] {dino} dow l .80
[15:29] {Threei} I am void of sense of humor
[15:29] {lisa_jay} sigh...adbe up .25 since mentioning.
[15:29] {Onix} if so, all i can say is CONGRATULATIONS!!
[15:29] {lisa_jay} sorry up .50
[15:30] {Threei} humorless grim creature
[15:30] {dino} hum-dee-dum
[15:30] {dino} deow, tear down that wall
[15:30] {dino} dow
[15:31] {magoo} ONIX..roflol
[15:31] {magoo} u only misdsed about 4k
[15:31] {magoo} 550 point swing
[15:31] {Onix} totally unbelievable!
[15:32] {magoo} and easy $$..ferocous up
[15:32] {dawg} in GG .03
[15:32] {magoo} dino rubbed his belly chanting budda budda and....WHAM
[15:32] {Onix} came home for lunch, but have now lost all my appetite
[15:32] {patience} here dino, let me do that for you
[15:33] {dino} 13:25 area i called we close at hod's, we were down 300+
[15:33] {dino} patience, by all means
[15:34] {dawg} out 1/2 .28 + 25
[15:34] {lisa_jay} Nice Dawg.
[15:34] {dawg} Still in not looking good but thanks Lisa you hit some today
[15:35] {lisa_jay} Green but nothing sig.
[15:35] {dawg} baby steps like me
[15:35] {lisa_jay} Yup.
[15:35] {dawg} .}
[15:36] {dawg} stopped be last half GG
[15:37] {dawg} Thanks Vad got a few $
[15:37] {dptl} have a good evening all........and ty:)
[15:37] {Threei} dawg :)
[15:37] {Threei} take care dp
[15:37] {dawg} .}
[15:37] {dino} out dow .92, +.12, fl
[15:38] {dino} take care dp
[15:40] {dino} we got the +400 i asked about
[15:40] {Threei} was it 700 points range?
[15:41] {dino} 718
[15:41] {dino} +
[15:42] {dino} pru sm l .00 risky
[15:42] {Threei} unbelieavble
[15:45] {dino} 8.945 obama high dji
[15:45] {dino} going for 800 pt range
[15:46] {magoo} how low we go 3098
[15:46] {magoo} 309
[15:48] {dino} 322+/-
[15:48] {Threei} a bit labored fight here at the top'
[15:48] {Threei} understadably
[15:49] {dino} sometimes i expect too much
[15:51] {Threei} today was anything but boring
[15:51] {peterg} and made money too
[15:51] {Threei} icing on a cake
[15:51] {peterg} :)
[15:52] {Threei} oh, and dino watched cowboy cheerleaders
[15:53] {lisa_jay} Thanks Vad.
[15:53] {lisa_jay} Bye everyone.
[15:53] {Threei} lisa :)
[15:53] {peterg} bye lj
[15:54] {Threei} - Says consumer securitization has ground to a halt
[15:54] {Threei} - US automakers are "important to the country", but there are "other paths" than Treasury funds
[15:54] {Threei} - Urges Congress to allocate funds for automakers, but companies need to be competitive
[15:54] {Threei} - Buying illiquid assets not out of question
[15:54] {dino} 799 pts
[15:54] {dino} cya lisa
[15:54] {dino} still on 3i
[15:55] {Threei} amazingly, market ignored even him
[15:56] {dawg} bye Lisa
[15:56] {Threei} whew... I feel like I personally pushed the market whole 800 points, uphill
[15:57] {magoo} i did well..but feel left alot out there
[15:57] {magoo} discouraging
[15:57] {magoo} 4 times daily
[15:57] {Threei} that's very discouraging
[15:57] {patience} when do options expire? next friday?
[15:57] {Threei} crying yet?
[15:58] {magoo} cant u relate? should have really hit it
[15:58] {dino} 21st
[15:58] {patience} ty dino
[15:58] {peterg} magoo, yuo mean money on table you didnt take
[15:58] {dino} 3rd friday always patience
[15:58] {dino} np cutie
[15:58] {patience} laughing, when are you visiting victoria with the family?
[15:58] {magoo} nah, mean such a BIG move..should have been more aggressive
[15:59] {peterg} uhmph
[15:59] {dino} not for awhile unfortunate;ly
[15:59] {magoo} make the cake when the ovens hot
[15:59] {magoo} but prob is....tough morni g
[15:59] {Threei} and how many of those rally attempts failed miserably lately?
[16:00] {magoo} thats what held me back
[16:00] {Threei} kind of hard to jump on each of them hoping that this one finally works
[16:00] {magoo} i am disciplinbed u know
[16:00] {peterg} Tomorrow for Mr T
[16:00] {dino} pain?
[16:00] {peterg} Pain
[16:00] {magoo} UP
[16:00] {Threei} bull market establishes and develops, we will have plenty of such
[16:00] {Threei} no need to catch the vefirst one in full
[16:01] {Threei} we caught what we could read
[16:01] {magoo} true boss..thats why u are here
[16:01] {muddleheaded} Have a good night everybody.
[16:01] {peterg} arabs and mutuals buying hope
[16:01] {Threei} sheesh, almost 900 points
[16:01] {peterg} good night all
[16:01] {Threei} thank you all
[16:01] {dino} i will be watching 8945, gap at 8696, and way up at 9656
[16:01] {peterg} gracoas
[16:01] {magoo} ty all
[16:01] {Threei} have a good evening
[16:01] {peterg} gracias
[16:01] {Threei} see you tomorrow
[16:01] {magoo} vios condias
[16:03] {dino} et tu brutus
[16:03] {dino} thx all, some really nice spots by everybody today, great job
[16:04] {magoo} problen here..get entire bounce in half day...

Wednesday, November 12, 2008

Nov 12 2008

A few nice trades, a few stops. Profitable but most importantly, safe. I'll quote what I feel about this market:

[13:31] {Threei} for a few days now market has this frozen look... drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened. He bravely walked on a brink of chasm while drunk, then sobered up and saw where he was. When he sobers up and sees where he is and gets scared,
he is being torn between two conflicting impulses: one is to back away from the abyss, another is to close his eyes and step right in.

Abyss acts like magnet now... market can resist its pull no more than rabbit can resist snake.

Session Time: Wed Nov 12 00:00:00 2008

[08:47] {magoo} replay here
[08:47] {Threei} morning
[08:47] {Threei} nothing to rplay... we are in coma
[08:47] {lisa_jay} Hi Vad, Magoo
[08:48] {Threei} lisa :)
[08:53] {magoo} vad, any news FSLR or solars in general?
[08:53] {Geo} gm all
[08:54] {lisa_jay} Hi Geo.
[08:54] {Threei} Geo :)
[08:54] {Threei} JASO reported mags
[08:54] {lisa_jay} Is your computer back up?
[08:54] {Geo} yes :)
[08:54] {Threei} 11/12/08 06:30am
[08:54] {Threei} [JASO] JA Solar Holdings Reports Q3 $0.26 v $0.28e (ex items), R $312.3M v $307.4Me
[08:54] {Threei} - Guides Q4 EPS "about break even" v $0.30e; Rev $191.5-220.9M v 379.7Me
[08:54] {Threei} - Guides Q4 Gross Margin 5-7%
[08:54] {Threei} - Guides FY09 EPS $1.00 v $1.27e; Rev $1.5-1.7B v $1.77Be ($2.0B-$2.2B prior guidance)
[08:54] {Threei} - Guides FY09 Gross Margin at least 16%
[08:54] {Threei} - Guides FY09 annual output expected at 800MW
[08:54] {Threei} - Guides FY09 production capacity to exceed 1GW
[08:54] {Threei} - Q3 Megawatts produced 44.66MW v 102.9MW y/y
[08:54] {Threei} - Q3 Megawatss shipped 43.8MW v 99.1MW y/y
[08:54] {Threei} - Q3 Gross Margin 21.6% v 23.3% y/y
[08:55] {Threei} Russian markets are closed
[08:56] {Threei} I guess they spent more time being closed than open last couple months
[09:10] {Onix} Good morning al
[09:10] {Threei} Onix :)
[09:17] {_maga} morning all
[09:17] {Threei} maga :)
[09:17] {hawkfan4} good morning
[09:18] {Threei} hawk :)
[09:18] {hawkfan4} another morning of rainbows and sunshine in the market i see
[09:19] {Threei} total love-in
[09:19] {muddleheaded} Hi everybody.
[09:20] {Threei} hi muddle
[09:20] {dptl} good morning all
[09:20] {Threei} we need to come up with some version of shortened nick for ya... :)
[09:20] {Threei} dp :)
[09:20] {Threei} see, we shorten even 4-letter nicks
[09:20] {dptl} :)
[09:21] {muddleheaded} mudd is ok :)
[09:21] {Threei} thank you :)
[09:25] {dino} gm all
[09:25] {Threei} dino :)
[09:26] {dino} as in puddle of?
[09:28] {muddleheaded} mudd is short for muddleheaded, too much typing :)
[09:28] {Threei} intend to skip first minutes of trading
[09:28] {Threei} let's see how scared the market is
[09:32] {Onix} very scared it seems
[09:32] {Threei} so far, surely looks this way
[09:32] {lisa_jay} cnqr
[09:33] {lisa_jay} sorry, wrong screen.
[09:33] {dino} hate to say, next supprt8143 1/27
[09:33] {dino} 8,143 dji 10/27, typo
[09:34] {Threei} watching AMZN for short
[09:35] {Threei} close to 44 if gets there
[09:35] {Threei} keep small shares
[09:35] {magoo} watching amzn for long..exit near 44 lol
[09:35] {Threei} if you wanted long, 43.10 break was it
[09:36] {Threei} first weakness from here
[09:37] {Threei} in
[09:37] {Threei} .15
[09:37] {Threei} stop .30
[09:37] {magoo} 09
[09:37] {dawg} in
[09:38] {Threei} market drop
[09:38] {Threei} come on AMZN
[09:38] {Threei} with smaller shares didn't want to scalp
[09:38] {magoo} why is it stronger than naz
[09:38] {Threei} rather aiming for a bigger move
[09:39] {Threei} out
[09:39] {Threei} scalps still rule
[09:39] {dptl} stopped amzn
[09:39] {dawg} stopped
[09:39] {magoo} stopped
[09:39] {lisa_jay} did not take, had to reboot.
[09:42] {magoo} it really lagged the naz vad
[09:42] {Threei} still does
[09:43] {Geo} phew back in blac
[09:43] {KSystems} good morning
[09:43] {Geo} it went and bounced off yesterday's low
[09:43] {Geo} i shorted there.....
[09:43] {Threei} ks :)
[09:44] {Threei} Long Setup: DISH .71 if stays above .60
[09:45] {magoo} GS AAPL still falling...mkt tells
[09:46] {magoo} l aapl here .25
[09:46] {magoo} small 300
[09:46] {dawg} in DISH .71
[09:46] {Onix} in DISH .72
[09:47] {magoo} out here .72
[09:48] {Threei} taking too long, DISH, tighten stop to .65
[09:51] {Geo} half out
[09:52] {Threei} half out .85
[09:52] {dawg} half out .84
[09:52] {Threei} scalpers have over 1:1
[09:52] {dino} sm l pru .30, stop .89
[09:53] {Threei} stop to .69 for the balance
[09:55] {dino} pru stop to .19
[09:55] {Threei} Long Setup: APLO small shares .31
[09:55] {dino} tighten to flat
[09:55] {Threei} stop under 70
[09:55] {Threei} APOL
[09:55] {Threei} sorry
[09:56] {Geo} out .20 Ty vad
[09:56] {Geo} 20 cents i mean
[09:57] {Threei} DISH?
[09:57] {Geo} y
[09:57] {Geo} actually .17
[09:57] {Geo} lol
[09:57] {Threei} yeah, I was wondering
[09:58] {Geo} got hit at .86
[09:58] {Threei} thought your math was even worse than my spelling but then decided it wasn't possible
[09:58] {Geo} i thought i had oferred .89
[09:58] {Geo} heheh
[09:58] {Threei} APOL invalidated
[09:58] {lisa_jay} Thanks Vad, got .14 and .13 on DISH.
[09:59] {Threei} welcome
[10:00] {dino} lay out on prui .70 area imo
[10:00] {dino} pru
[10:02] {dino} out pru .70, +.40
[10:03] {dino} too soon
[10:05] {Threei} stop to .73 for DISH balance
[10:05] {lisa_jay} Target Vad?
[10:05] {Threei} not that 4 cents make much difference, just want to do things by the book
[10:05] {Threei} depends on the way it trades lisa
[10:06] {Threei} no hard number in mind, going to read it on the go
[10:06] {Onix} ty Vad, i all out DISH @ .88
[10:06] {Threei} welcome
[10:07] {Threei} no crying if it goes higher - I, in exchange, promise nopt to cry if the balance gets stopped out
[10:07] {dawg} i am with you on that
[10:07] {Onix} deal
[10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:08] {Threei} and take his wrath as a man
[10:11] {magoo} APOL valid?
[10:12] {Threei} not sure about this one
[10:12] {Threei} charts look fine, just a bit too jerky
[10:12] {peterg} morning all
[10:12] {peterg} late start
[10:13] {Onix} hi peter
[10:13] {peterg} in anytrhing?
[10:14] {Threei} peter :)
[10:14] {Threei} 1/4 more out DISH
[10:15] {Threei} 12.02
[10:15] {Threei} +.30
[10:15] {Onix} wtg
[10:15] {dawg} out 1/4 more dish
[10:15] {lisa_jay} Great job Dawg.
[10:15] {Threei} stop for the last portion is .84
[10:15] {dawg} OK
[10:15] {Threei} now... onix...
[10:16] {Threei} go ahead and fulfill your part of the deal
[10:16] {dawg} Thanks Lisa you made some on this one also right?
[10:16] {Onix} i want to cry, but i won't
[10:16] {Threei} no, not that oner
[10:16] {Threei} this one:
[10:16] {Threei} [10:08] {Threei} oh, and who loses - stands to slap magoo with trout
[10:16] {Threei} [10:08] {Threei} and take his wrath as a man
[10:16] {Onix} how do i slap someone?
[10:16] {lisa_jay} Yes Dawg. But not following like textbook.
[10:16] {magoo} do NOT devulge secret slap vad
[10:17] {Threei} highlight his nick... right click
[10:17] {Threei} sorry mags
[10:17] {Threei} I am obliged to
[10:17] {lisa_jay} Paulson in 15 min.
[10:17] {dawg} Just following Vad along on DISH
[10:17] {Threei} it's included in support by RT
06[10:17] * Onix slaps magoo around a bit with a large trout
[10:17] {Threei} people have right to learn how to trade and how slap their neighbor
[10:17] {Geo} i thought slap was an extra subscription
[10:18] {peterg} thats for steel boots
[10:18] {Onix} sorry magoo, a deal is a deal
[10:18] {Geo} oh
06[10:18] * Geo slaps peterg around a bit with a large trout
[10:18] {peterg} hey
[10:18] {Threei} out last portion
[10:18] {dawg} stopped last 1/4 DISH
06[10:18] * peterg slaps Geo around a bit with a large trout
[10:19] {dawg} Thanks Vad great call
[10:19] {Geo} yup..... .75 daily here... lord vader
[10:19] {Geo} i sneaked bounce of yes low resistance in amazon
[10:21] {peterg} lkg at qqqq, aapl, is market setting itself up in tight bands again?
[10:21] {peterg} strangulation effect?
[10:22] {Geo} is that a trading term?
[10:22] {peterg} nah, imported from shrinkology
[10:22] {Geo} or what my wife does to me
[10:22] {peterg} right
[10:25] {lisa_jay} Vad, LLTC a valid set up break of .60, with stop under .48?
[10:25] {lisa_jay} Thanks.
[10:27] {Onix} one of those days where nothing happens every 5 mnutes
[10:28] {Threei} lisa, chart wise yes
[10:28] {dino} feels like death to me, sitting aside
[10:28] {Threei} market is not very friendly to this kind of setups right now
[10:28] {dino} markets that is
[10:28] {Threei} I would skip it
[10:28] {lisa_jay} Trying to learn the setups..not trading anything with Paulson coming on.
[10:28] {Threei} right
[10:29] {lisa_jay} Thanks Vad.
[10:31] {Chaeron} Good morning all... had inet probs... miss much?
[10:31] {lisa_jay} Hey Chaeron.
[10:31] {Onix} hi Chaeron
[10:31] {Chaeron} hi LJ
[10:31] {Chaeron} Onix :)
[10:32] {Chaeron} everyone just waiting for Paulson?
[10:32] {Threei} chaeron :)
[10:34] {dptl} s sbux .39 stop .52
[10:35] {Chaeron} Paulson speaking
[10:36] {dawg} bounce scalp UAUA 11 cents
[10:37] {Onix} gj
[10:38] {dawg} Thanks Onix trying learn everything I can from everyone
[10:39] {dino} gj dawg
[10:39] {Threei} careful dawg... I tried to learn from magoo how to tie up my shoelaces
[10:39] {Threei} guess what
[10:39] {Threei} tripped over them three times yesterday
[10:40] {dawg} LOL!
[10:40] {dawg} Thanks Dino you have a good one in PRU if i remember right
[10:43] {Onix} hope does not help much in these markets, but i took one more day off today to see if i can make some $$$ and learn some more
[10:44] {KSystems} what do you usually do?
[10:44] {Onix} i have a full-time job as a greenhouse manager with the UBC in Vancouver
[10:45] {KSystems} oh cool
[10:45] {magoo} btw onix, u seemed to learn the trout pretty well
[10:45] {Onix} i have this wierd hope of retiring soon as a full-time trader
[10:45] {Geo} interesting job ONIX
[10:46] {Geo} maybe ill visit to lear !
[10:46] {Onix} ty
[10:46] {Geo} learn
[10:46] {hawkfan4} BBY .26, stop 21.95
[10:46] {Onix} bbby?
[10:47] {hawkfan4} bby, best buy
[10:47] {Onix} ok
[10:48] {hawkfan4} stop .19 now
[10:49] {KSystems} k
[10:49] {KSystems} oops sorry
[10:50] {Geo} anyone figure out what _OWL trying to say?
[10:51] {Onix} anyone having feed problems at the moment with Laser?
[10:51] {dawg} in BBY .28 hawk where do you have your sell stop?
[10:51] {Threei} looks OK onix
[10:51] {Onix} thanks
[10:51] {hawkfan4} .19 dawg, keeping it tight today
[10:51] {Onix} quote & chart servers?
[10:52] {dawg} ok thanks hwk
[10:52] {hawkfan4} np
[10:52] {dawg} hawk
[10:52] {dino} mcd
[10:52] {dino} sm l .00, stop lod
[10:52] {Threei} quote 16
[10:52] {Threei} chart 1
[10:52] {lisa_jay} Nice Hawk and Dawg.
[10:53] {Onix} ty Vad
[10:53] {dawg} hawk called this one
[10:54] {dawg} out half .47 BBY
[10:55] {dawg} +.19 Thanks Hawk
[10:55] {hawkfan4} nice :)
[10:56] {magoo} cramer such an saying treacherous mkt and u don't need to be in at all
[10:56] {Onix} Laserdave not in chatroom today?
[10:56] {magoo} he was just'
[10:57] {hawkfan4} he's certifiable mags, in 2 hours he'll be a raging bull again
[10:58] {hawkfan4} FMCN .15, stop .95. risky
[10:58] {Threei} watching QQQQ for long
[10:58] {Threei} support .40
[10:58] {Threei} entry point is not very clear
[10:59] {Threei} .57 is a bit too far
[10:59] {Threei} I'd like more aggressive entry with tighter stop
[11:00] {Threei} if you like the idea of trade, grab it on any pulllback
[11:00] {Threei} stop under .40
[11:00] {Threei} target is between .60 and .70
[11:00] {Threei} first strength from here
[11:01] {Threei} nice tight stop
[11:01] {Threei} minimal damage if no worky
[11:01] {dawg} in Q's .45
[11:01] {dptl} in .46
[11:01] {magoo} i know hawk..and his followers have time frame of much more than he puts them in AAPL 110...tells them get out 92
[11:02] {dptl} out
[11:02] {Threei} no worky
[11:02] {dawg} out
[11:02] {muddleheaded} What is the minimum amount of volume on a stock needed before a call is made by anybody in this room?
[11:02] {Chaeron} -.08 on Q's
[11:03] {dawg} out last 1/2 BBY .47 Great call Hawk Thank you much!
[11:03] {magoo} i like couple hundred thousand volume
[11:04] {Threei} we don't have formal treshold mudd... jujst generally avoiding low volume pukers
[11:05] {muddleheaded} O.k.
[11:06] {hawkfan4} gj dog, was gonna do the same but spilled my coffee all over my desk reaching for the mouse :)
[11:07] {dawg} i've done that too hope damage wasn't to bad
[11:07] {lisa_jay} Been there so many times that I now need a hammer to move my keybord keys.
[11:07] {dawg} lol
[11:08] {Threei} UAUA
[11:08] {Threei} bounce should be close
[11:08] {hawkfan4} lol :) missed the important stuff, just need to change my pants
[11:09] {dawg} good!
[11:10] {Threei} .51 long if holding above .30
[11:11] {magoo} man vad...look at DISH chart
[11:11] {Threei} wow
[11:12] {Threei} we exited 2 cents under day high
[11:12] {Chaeron} uaua... whoops
[11:13] {Onix} yes, that was a good one for you guys
[11:13] {Onix} and i am still not crying
[11:14] {Chaeron} (everytime I see UAUA, I think of the song "Louie, Louie"... you know: Lou aay, Lou aay, whoooa, oh... We gotta go"
[11:14] {Threei} lol
[11:14] {Onix} :)
[11:14] {lisa_jay} Duran Duran...Toto?
[11:17] {Chaeron} Kingsmen I think
[11:17] {dawg} long DISH .50 stop .44
[11:20] {dino} mcd stop to .39
[11:21] {Threei} what is truly shocking about this whole mess - constant non-ending barrage of new and new hits and speed with which they are coming
[11:22] {Threei} as soon as powers that be sell another 'fix", new problem jumps right from around the corner
[11:22] {KSystems} any idea how long this is going to last?
[11:22] {Threei} haha
[11:22] {KSystems} I mean...when are stocks going to be priced like they were before the crisis?
[11:22] {KSystems} you're invited to laugh again
[11:23] {Threei} :)
[11:24] {Threei} see, major problem as I see it is inevitabledebt contraction
[11:24] {Threei} much of "prosperity" was build on a shaky foundation of debt
[11:24] {Threei} built
[11:25] {Threei} a lot of spending was based on disposable income which, in tunr, was based on debt
[11:26] {Threei} This whole mechanism has collapsed now
[11:26] {Threei} new spending will be built on more realistic leverage
[11:27] {Threei} thus, by definition, will be mcuh more restrained
[11:27] {Threei} so, market is sorting out now who will survive,
[11:27] {Threei} who will collapse,
[11:27] {Threei} who will prosper
[11:28] {dino} dino's gut says we end around 7000 dji
[11:28] {Geo} there is an interesting article by a guy who wrote liar's poker.....
[11:29] {dino} good book
[11:29] {Geo}
[11:30] {Geo} profiles a couple of guys who couldnt believe what was going on and shorted the investment banks.... and were encouraged to do so by the banks themselves
[11:35] {dino} out mcd .39, +.39
[11:35] {lisa_jay} Wow.
[11:35] {Onix} wtg dino
[11:35] {dawg} gj Dino
[11:39] {KSystems} thanks for your assessment of the situation Vad
[11:40] {Threei} shesh
[11:40] {lisa_jay} UAUA getting sold off hard.
[11:40] {Threei} hesitated to call UAUA short on 10 breakdwon
[11:40] {Threei} :(
[11:40] {lisa_jay} Tanked after it broke.
[11:41] {magoo} now a vadism..."why hesitate? u see a setup..u take worx or"
06[11:43] * Geo slaps Threei around a bit with a large trout
[11:43] {dino} ok, big bet w/magoo. i say -400 dji before we go to -100 dji, he's other side
[11:43] {dino} lunch
[11:44] {Threei} I have this feeling in my stomach that we'll be lucky if -400 is all for today
[11:44] {dino} and ty dawg, onix, lisa
[11:44] {Threei} and if we get any sizeable bounce
[11:44] {dino} great miinds think alike, i said to magoo -500 coming, but if we bet i'll take -400
[11:45] {dino} apathy feeling in markets today
[11:45] {Onix} yes, looks like 3rd down day in the next leg down?
[11:45] {Threei} with panic sprikled on top
[11:45] {Onix} lol
[11:47] {Threei} QID looks to me like going over 71 in a hurry
[11:47] {magoo} 71??
[11:47] {Threei} 79
[11:48] {magoo} u like my vadism?
[11:48] {Threei} why wouldn't I... I invented it :)
[11:48] {Geo} comeon vad........ he is asking
[11:50] {Threei} KS... another scary thing is (although in a certain perverted sense it's encouraging),
[11:50] {Threei} there is no place in the world that would remain relatively safe in this environment
[11:51] {lisa_jay} Dawg, DISH still hold tight.
[11:51] {Threei} here is my 79
[11:51] {tomg} ty qid vad
[11:52] {Threei} tom :)
[11:52] {dawg} Watching paint dry Lisa still in
[11:54] {dptl} me too long at.52 dish
[11:54] {dawg} Good dptl
06[12:01] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * laserdave1 slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
06[12:02] * Geo slaps laserdave1 around a bit with a large trout
06[12:02] * magoo slaps Geo around a bit with a large trout
06[12:02] * laserdave1 slaps Geo around a bit with a large trout
06[12:02] * magoo slaps Chaeron around a bit with a large trout
06[12:02] * laserdave1 slaps magoo around a bit with a large trout
06[12:02] * laserdave1 slaps Threei around a bit with a large trout
06[12:02] * Geo slaps Chaeron around a bit with a large trout
[12:02] {Threei} dave... can you translate what laser guys posted in chat?? :)
06[12:02] * magoo slaps Onix around a bit with a large trout
[12:02] {Onix} something fishy going on here
[12:03] {Onix} ty magoo
[12:05] {Threei} I don't want to initiate any position here, volume died down
[12:05] {Threei} sideline
[12:05] {Threei} so... what can be done at all about GM?
[12:05] {Threei} failure puts about 3 mil jobs on the line
[12:06] {Onix} someone pulled up the emergency brakes?
[12:06] {Threei} not an option
[12:06] {Threei} how do you save it qwhen no one buys cars?
[12:07] {Onix} quite a headache hey?
[12:07] {Geo} QCOM getting pounded
[12:07] {Threei} understatement of the century...
[12:07] {Threei} all the discussions about bailing it out, I just can't understand how
[12:08] {Threei} give it money? what does it solve?
[12:08] {Onix} but next in line at the government window must be the airlines hey?
[12:08] {Threei} they'll burn through it in a few months, what's next?
[12:09] {Onix} government going to keep pumping money into GM etc?
[12:09] {Onix} as you, how can they just keep doing that?
[12:09] {Onix} rather let them go into chapter 11 and re-organize
[12:09] {Threei} current level of sales simply can't sustain the comapny
[12:10] {Geo} tought to happen as abama need to pay his dues to UAW
[12:10] {Threei} QCOM
[12:10] {Threei} - notes there is uncertainty in forecast
[12:13] {Onix} they call it the credit crisis
[12:13] {Threei} market is looking into abyss
[12:13] {Onix} so everything bought on credit is in real trouble with so many people losing their jobs
[12:13] {Threei} and when you do that for too long, abyss starts looking back at you
[12:14] {Geo} thats deep vad
[12:14] {muddleheaded} Anybody watching anything?
[12:14] {Threei} I want peter to be proud of me
[12:14] {Geo} in NTAP
[12:14] {Onix} deep insight or deep abyss?
[12:14] {Geo} deep abyss
[12:15] {dino} when staring into the abyss, thats when you find your charactor
[12:15] {dino} wall st
[12:16] {Threei} QID worth a try here again
[12:16] {magoo} long short?
[12:16] {Threei} long
[12:16] {muddleheaded} Geo, are you short NTAP on earnings or did you buy for a bounce?
[12:21] {dawg} short Q's .20 break
[12:22] {dawg} stop .31
[12:23] {peterg} vad, I very proud!
[12:23] {Geo} short since......24 mudd
[12:23] {Geo} 11.24
[12:23] {Threei} thatnk you
[12:24] {Geo} stopped QID..... am glad small shares
[12:26] {Geo} off to work.... TY all
[12:26] {dawg} stopped Q's -11 cents snall lot
[12:26] {Onix} me chicken, e don't do QID any more
[12:28] {lisa_jay} Me busy rading Power Puff grisl and Elmo
[12:28] {lisa_jay} So no QID.
[12:28] {peterg} pretty breathtaking moves on qid
[12:28] {peterg} I like Elmo
[12:31] {peterg} almost made typical mistake of buying on trend without setup
[12:31] {peterg} market loves to give pain then
[12:31] {peterg} qid of course
[12:34] {Onix} yes, jumping in without valid setup, calls for pain more often than not for me
[12:36] {dino} we shall call those the mr. t trades
[12:36] {lisa_jay} I have made a lot of Mr. T trades in my time.
[12:36] {peterg} you mean, like, okay, foo? (fool in mr t talk)
[12:36] {lisa_jay} Lol..Mr.T
[12:37] {dino} met sm l .00, stop .72
[12:39] {dino} peter, yes, and "what's your prediction on the fight mr.t? painnn"
[12:40] {peterg} riiiight
[12:40] {dawg} in met .04
[12:41] {dino} thinking intial target .44ish
[12:41] {dawg} ok bowels getting lose here
[12:41] {dawg} loose too
[12:41] {dino} nasty
[12:42] {Threei} nice MET
[12:42] {dawg} Dino call
[12:42] {Onix} good call dino
[12:42] {dino} use pru as your tell vad
[12:42] {dawg} out .43
[12:42] {dino} gj
[12:43] {dino} stop to .39
[12:43] {dawg} Thanks Dino great call!
[12:43] {dino} lucky gog
[12:43] {dawg} Direct Hit
[12:43] {dino} dog
[12:43] {dawg} .)
[12:44] {peterg} fabuloso dino and thanks.
[12:44] {dino} tighten to .45
[12:44] {peterg} in and out 2x, gainers both
[12:44] {dino} out +.45
[12:45] {peterg} course, first exit was clumsy mistake
[12:45] {dino} just lucky guys, glad to help
[12:45] {dawg} +35
[12:45] {Threei} PRU, if market helps, should reverse off .50
[12:45] {dawg} +35
[12:47] {dawg} get off the pipe dawg
[12:47] {dawg} in PRU 28.50 long
[12:48] {Threei} market's still selling, dawg, keep it tight
[12:48] {lisa_jay} stop vad?
[12:48] {dino} watch market
[12:48] {Threei} a bit premature entry, IMO... but keep stop under .40
[12:49] {lisa_jay} Best entry would be?
[12:49] {lisa_jay} Or better, thanks.
[12:49] {dawg} stopped PRU
[12:49] {Threei} it's not nyumbers
[12:49] {Threei} it's market direction
[12:49] {lisa_jay} Not in.
[12:49] {dino} they move w/dji
[12:50] {Threei} right
[12:50] {lisa_jay} Ok thanks Vad, Dino.
[12:50] {Threei} levels of support/resistanve are for watching around them, not for entry per se
[12:50] {dawg} OK learned on that one then
[12:55] {Onix} surprise!
[12:56] {dino} shocker
[12:56] {dawg} PRU in .27
[12:56] {dino} chic
[12:56] {peterg} new word: de-risking
[12:56] {dawg} bounce scalp
[12:57] {dino} thinking short
[12:57] {dawg} out .34 + 6 cents
[12:57] {dino} gj, sorry i was talking chic
[12:58] {dino} buyout 9
[12:58] {dawg} its OK probably getting a little loose here anyway but its working
[13:02] {dawg} in PRU .23
[13:03] {dawg} too slow stopped PRU
[13:08] {dptl} ftbk???
[13:09] {Threei} gosh
[13:09] {Threei} dp, you are scaring me
[13:09] {Threei} why scream
[13:09] {dptl} :)...i scare my self
[13:10] {dptl} and qqqq at .50 may be
[13:10] {Threei} looks like, yes
[13:11] {Threei} very strange market here I must say
[13:11] {dino} as opposed to?
[13:11] {Threei} lol
[13:11] {peterg} warm and friendly, cuddly market
[13:11] {dino} pretty much the normal since sept. 1st
[13:12] {KSystems} probably its not the market but us
[13:12] {Threei} todays is stranger
[13:12] {peterg} retek nart dardlep
[13:12] {Threei} slow drift down,,, slow drift up...
[13:12] {muddleheaded} Does anybody use pivot points on the indices?
[13:12] {Onix} its all slippery with blood with the bulls and bears fighting so much
[13:13] {Threei} lol onix
[13:13] {Threei} as general idea of support/resistance levels, mudd
[13:18] {dino} intra-day and natural ones
[13:18] {Onix} what you think of KG Vad?
[13:19] {Threei} .50 if holding above .40 would be a standard play
[13:19] {Threei} I just don't trust it
[13:19] {Onix} ty
[13:20] {lisa_jay} FISV?
[13:20] {magoo} KG? pretty good basket ball player
[13:20] {Threei} same thing, only more volatile and risky
[13:21] {peterg} he left minnesota for boston
[13:21] {lisa_jay} Ok, thanks Vad.
[13:21] {Onix} just what you sid Vad, look at KG now!
[13:21] {Onix} said
[13:22] {dino} mkts dropping imo
[13:22] {Threei} yikes
[13:23] {magoo} jesus..does paulen even get a bathrm brteak lol
[13:23] {KSystems} is he still speaking??
[13:24] {Onix} his full-time job is to prop up the markets, didn't you know?
[13:24] {magoo} oh..i looked up..guess it was news story
[13:24] {Threei} lol
[13:24] {dino} and he does a terrible job at it. should just hire a motivational speaker
[13:25] {Onix} :)
[13:26] {dino} brb
[13:27] {Threei} dino may have figured it out
[13:27] {Threei} market needs Tony Robbins
[13:28] {Onix} i think rather Robbin Williams
[13:28] {KSystems} LOL
[13:31] {Threei} for a few days now market has this frozen look
[13:32] {peterg} snow on ground in MN -- could be a connection?
[13:33] {Threei} drifts down mostly, but doing it a manner of drunkard who suddenly sobers up and gets frightened
[13:33] {Onix} lol
[13:33] {magoo} see..even u have become lulled and complacent..this USED to be a big down day..280 down
[13:33] {Threei} bravely walked on a brink of chasm while drunk,
[13:33] {magoo} now its no big deal
[13:33] {Threei} sobered up and saw where he was
[13:34] {Threei} it's not even about the size of red mags...
[13:34] {peterg} So, maggers, what does it all mean?
[13:34] {Threei} it's the fashion in which it's done that creates this wierd feeling
[13:34] {Threei} to further my analogy and try to explain what I feel...
[13:35] {Onix} smart money is either all out already, or they can not make up their mind
[13:35] {Threei} when he sobers up and sees where he is and gets scared,
[13:35] {peterg} then
[13:35] {peterg} he
[13:35] {Threei} he is being torn between two conflicting impulses
[13:35] {Threei} one is to back away from the abyss
[13:36] {Geo} back
[13:36] {Threei} another is to close his eyes and step right in
[13:36] {Onix} all aboard? ... going down!
[13:36] {Geo} we in anything?
[13:36] {Threei} no
[13:36] {Onix} nope
[13:36] {Geo} thanks
[13:36] {Threei} seriously guys
[13:36] {Threei} I am not trying to be cute
[13:36] {peterg} Captain of balloon ride in colorado explained to me my fear was from my wish to jump
[13:36] {Threei} (not that I have any chance to succeed in that)
[13:37] {peterg} Im following you vad
[13:37] {Threei} this is how I feel watching market last few days
[13:37] {Onix} too much vodka?
[13:37] {Threei} sigh... I have no chance to be taken seriously, do I :)
[13:38] {Onix} lol
[13:38] {Onix} sorry, i agre with you, it is real stange these last few days in the markets
[13:40] {dino} feels like nobody cares...apathy
[13:40] {peterg} My bellweather stock, GE, is tanking further
[13:41] {Onix} i don't hope it is going to be like this for the next 69 days until Obama takes the reigns
[13:41] {peterg} Sold this summer.
[13:41] {peterg} If its like this, Onix, you
[13:41] {Threei} dino... strikes me as
[13:41] {Threei} ummm
[13:41] {peterg} will have to keep your day job
[13:41] {Onix} so true
[13:41] {dino} yes?
[13:42] {Threei} not apathy but rather being horrified of inevitable
[13:42] {Threei} scared to death of it,
[13:42] {Threei} scarewd to face it,
[13:42] {Threei} and not seeing any way to avoid it
[13:42] {peterg} who said, "the horror, the horror...."?
[13:42] {peterg} anyone?
[13:42] {dino} apocolaspse(?) now
[13:42] {peterg} rihngt
[13:43] {peterg} from book
[13:43] {peterg} by conrad
[13:43] {Threei} all thinkable lifelines thrown in, used up and didn't help
[13:43] {hawkfan4} Col. Kurtz
[13:43] {peterg} heart of darkness
[13:43] {Geo} rumor is..... being paid to wait till jan 20
[13:43] {peterg} yes yes!
[13:43] {Geo} lol
[13:43] {peterg} so maybe vad it is just too awful even for us to think about
[13:44] {peterg} lost in space
[13:44] {Threei} well, our advantage is ability to control risk
[13:44] {Threei} stay away if needed
[13:44] {dino} the way i see it, they must let capitalism work, so ineviably bankruptcies must occur, bondholders must be paid off, not in principle, but new stock, and contracts must be broken. then start over
[13:44] {peterg} yup
[13:44] {Threei} cut losses short if needed
[13:44] {Threei} grab obvious profits when they are there
[13:44] {Threei} exactly what we did these lat few days
[13:45] {peterg} good, but difficult for a young seventeen year old like myself
[13:45] {dino} yes vad, it is a daytraders world for now
[13:45] {Threei} I am afraid in today's situation it's not going to happen dino
[13:45] {Threei} not with incoming administration
[13:45] {dino} agreed, thats why it will take twice as long
[13:45] {Threei} not after all these endless bailouts
[13:46] {peterg} where does this money end up?
[13:46] {Threei} they will dig deeper and deeper hole in hope to make another generation pay for it
[13:46] {dino} north korea closing border jan. 1st. another obama test in the making
[13:46] {peterg} truly the curse of living in interesting times
[13:46] {Threei} really, do you see new prez ditching UAW?
[13:46] {peterg} not going to happen
[13:46] {peterg} apparently
[13:47] {peterg} detroit has been a pit for forty years or more
[13:47] {peterg} sorry if i offend people
[13:47] {dino} you don't
[13:47] {Threei} light at the end of the tunnel for us is
[13:47] {dino} not me at least
[13:47] {peterg} gotcha
[13:47] {Threei} [13:46] {peterg} where does this money end up?
[13:47] {peterg} ya
[13:47] {Threei} that's what will work eventually for us as traders
[13:48] {Threei} trillions on a sideline
[13:48] {peterg} ahhah
[13:48] {Threei} sooner or later they will pour in
[13:48] {Threei} and prop the markets in bull frenzy
[13:48] {Threei} timing is tough but it will be well worth the wait
[13:48] {peterg} back to dino
[13:49] {peterg} jungle image
[13:49] {peterg} correct
[13:49] {Threei} we got first taste of it on days when market did 1000 points green
[13:49] {lisa_jay} sigh..FISV, would have gone to 32.85 if i had bought.
[13:49] {lisa_jay} oh well.
[13:49] {Threei} shrug it off lisa... was random one
[13:49] {Threei} 50/50
[13:49] {lisa_jay} Yes, learning to read patterns though. Thanks.
[13:50] {peterg} lisa, you are inspriation tolazy me to learn patterns.
[13:50] {lisa_jay} Actually got it from Dawg.
[13:51] {peterg} Thanks all o yez
[13:51] {dawg} dogs back on the pipe
[13:51] {peterg} smokin?
[13:51] {lisa_jay} Hot.
[13:51] {dawg} but thanks Lisa
[13:52] {peterg} back in hr. Nobody make money til then.
[13:52] {lisa_jay} With the market the way it is, you can wake us up when you get back.
[13:54] {Threei} abyss is a magnet
[13:54] {lisa_jay} yes
[13:56] {dino} lod coming
[13:56] {Threei} today shapes up as one of those days
[13:56] {Threei} serously exceeding "normal - 300"
[13:57] {Threei} you are going to win that bet with magoo, dino
[13:57] {Threei} to quote outgoing prez... "this sucker is going down"
[13:58] {Onix} lol
[14:00] {Onix} but if market goes down much more, government will have to start bailing out pension funds as well
[14:01] {Threei} you know... as far as big economic picure is concerned, I just don't have any points of reference to try and create any kind of forecast
[14:02] {Threei} unfortunately, events show neither do decision-makers
[14:02] {Threei} I mean, what does collapse of this and that and that implicate?
[14:02] {Threei} when GM, F, MS, GE are down and out,
[14:02] {Threei} when pnesion funds are ruined
[14:03] {Threei} whart happens next?
[14:03] {dino} pension funds are already insured by govt., pension guanatee assoc.
[14:03] {Threei} this is where I have major troubles dino
[14:03] {dino} annuities just got tarp, think insurors
[14:03] {Threei} who insures the govt?
[14:03] {Onix} maybe that is what is was like recovering after WWI & II?
[14:03] {patience} my theory is businss becomes predominantly foreign owned in the U.S.
[14:04] {Threei} what happens when the govt that insures everyone goes bust?
[14:04] {dino} printing presses do 3i, we will be shorting dollar and bonds very shortly
[14:04] {patience} u.s. taxes have to go up to pay today's promises
[14:04] {KSystems} Look at Iceland, its happened there
[14:05] {Onix} if states like California can go bust, then the whole UA can also go bust
[14:05] {Threei} I don't know about foreign ownership... seems the rest of the world has it even worse than US
[14:05] {Onix} new world leader (China) will emerge
[14:06] {Threei} this I truly doubt
[14:06] {lisa_jay} qqqq's at lower end of the channel.
[14:06] {dino} you are clouded by silly academic ideas (w/respect intended). the politicians and bankers know the only way out is to inflate it away. right now dollar and bonds are going up, but to pay it off "cheaper", we must print around the clock, de-valuing bonds, dollar, etc. so if dolar drops 30%, we save $200 billion...see
[14:07] {Threei} this I understand dino
[14:07] {Threei} what I don't is,
[14:07] {dino} they understand this, and joe sixpack keeps his (no 30% less) pension
[14:07] {Threei} devaluation of dollar relative to what?
[14:07] {Threei} whole world has to print
[14:07] {Threei} and inflate the way out of problem
[14:07] {dino} gold, oiul, china, etc
[14:07] {dino} oil
[14:08] {dino} another commodity boom in the making imo
[14:08] {dawg} short Q's .06 out .94 for a dime scalp
[14:08] {Onix} we are going to press the reset button and start from scratch
[14:09] {dino} hmmm, again w/respect not over think it, inflation is coming soon. obama will be dealing w/carter like environment. rates
[14:11] {dino} cycles are just coming faster these days, imo
[14:11] {Onix} we are fairly protected up here in Canada from all the economic turmoil at this stage
[14:11] {Onix} but i feel real sorry for all the millions losing their jobs in the USA
[14:12] {dino} don't misunderstand me. there will be plenty of opprtunities
[14:12] {dino} ty onix
[14:14] {lisa_jay} Nice one Dawg.
[14:14] {Threei} market does go down as we foresaw... problem is, I can't find safe entry points
[14:15] {dino} same problem, my mind resists shorting when down 750 dji points since fri close
[14:15] {dino} 8.5%
[14:15] {Threei} what a mess
[14:16] {dino} agreed
[14:18] {dino} -1,295 since close on election day, or13.5%
[14:19] {dawg} bounce scalp C in .84 out .96
[14:19] {Onix} anybody with a cristal ball to tell us what time the day-traders are going to start to cover their shorts today?
[14:19] {dptl} vvus .51 long ?
[14:22] {dawg} in C short .98 for a scalp
[14:22] {Threei} VVUS, I doubt it
[14:26] {dawg} stopped C -7 cents
[14:27] {Threei} GE
[14:27] {Threei} is this what propped the market just now?
[14:28] {dawg} short C .04 for a scalp
[14:33] {dawg} stoppped C -8 cents
[14:33] {Threei} -4 you mean?
[14:34] {dawg} in at 04 and stopped at .12
[14:34] {Threei} oh, I see... didn't saw it spiking there
[14:34] {dawg} Yes reversing
[14:35] {dawg} but only trading small lot of 200 shares
[14:39] {dino} press conference coming..."all americans to get $50k in cash to stimu;late economy" just kidding, but might be cheaper current stategy
[14:40] {Threei} why limit it so severely
[14:40] {dawg} lol
[14:40] {Threei} I'd suggest including canadians
[14:40] {Threei} maga, Italy, right?
[14:41] {Threei} KS, germany?
[14:41] {KSystems} yep
[14:42] {Threei} Chaeron, cosmo and geo will probably insist on including California
[14:42] {Threei} now, that I'll object to
[14:43] {Geo} ou can leave california out
[14:43] {Geo} just give it to me
[14:44] {Geo} and chaeron too...
[14:44] {dino} lol
[14:51] {Chaeron} thank you Geo... I think you're on to something... give it all to me and Geo and we will distribute among our friends... I don't have any friends tho Geo, do you?
[14:51] {Threei} you wealth distributor
[14:51] {Geo} only you cheron
[14:51] {peterg} back. reviewed log. some up/dn. Last hour, lets really make money
[14:51] {Geo} you and me
[14:52] {lisa_jay} Vad, just for educational purpose, would FISV be an inverted c & h? with .00 break down? Thanks.
[14:53] {Threei} yup
[14:53] {Threei} also, head and shoulders
[14:54] {lisa_jay} Stop .15
[14:54] {Onix} on 1 min or 5 min?
[14:54] {Threei} korrekt
[14:54] {lisa_jay} 1min
[14:55] {Threei} one more leg down is coming
[14:58] {Geo} ne calls vad?
[14:59] {dawg} short C .92
[14:59] {Threei} tough proposition geo
[14:59] {Threei} general direction is relatively easy
[14:59] {Threei} a lot of short-lived rallies are very hard to time
[14:59] {Geo} yeah..... i got rinsed on QID and one more... cant remember.....
[14:59] {Geo} convinient memory :)
[15:00] {dawg} out C .81
[15:00] {Threei} finally dawg
[15:00] {Threei} nailed it
[15:00] {dawg} +10 cents Thanks Vad for general direction
[15:00] {peterg} nice
[15:01] {dawg} thanks Peter
[15:01] {lisa_jay} 1:1 fisv...did not take :-)
[15:01] {dawg} Took awhile but your general direction give me courage
[15:02] {Onix} paper trading does help lisa :)
[15:02] {lisa_jay} Yes, if i was in the position, we would be having a huge rally.
[15:02] {Threei} lol
[15:03] {Threei} this kind of paper trades build confidence lisa
[15:03] {magoo} all we need is chaer to short something big...BAM RALLEY
[15:03] {lisa_jay} I hope.
[15:03] {lisa_jay} What do you say Chaeron...for the greater good.
[15:04] {lisa_jay} Lets short something.
[15:05] {Onix} lisa, where do you live?
[15:05] {lisa_jay} CT.
[15:05] {lisa_jay} USA.
[15:05] {Threei} Ct is USA?
[15:05] {dino} hey neighbor!, well sort of
[15:05] {Threei} at least one town in it is not
[15:06] {Onix} CT also stands for Cape Town South Africa
[15:06] {lisa_jay} Yeah, Dino, Magoo...often visit PA..are you near Horsham?
[15:06] {dino} 2 hours north
[15:07] {Threei} -350
[15:07] {dino} 50 pts and lunch tomorrow on magoo
[15:07] {dino} you see, magoo and i have ability to freeze markets in small ranges, our bet did just that for hours
[15:08] {lisa_jay} lol
[15:08] {Threei} dino... I think new administration will employ you on a spot for that ability alone
[15:08] {dino} roflol
[15:09] {peterg} anybody looking att anything?
[15:09] {dino} but they need to hire magoo too or it won't work
[15:09] {Threei} even that won't stop them
[15:09] {peterg} If nobody can find anything, Im going home early
[15:09] {Threei} peter... my feekling is, last bounce, then royal flush
[15:10] {peterg} time guesstimate?
[15:10] {dino} peter, my feeling is to ask magoo to bring me a brew and call it a day
[15:10] {Threei} 5 minutes
[15:10] {Onix} :)
[15:10] {peterg} wanna short something, as lisa suggested?
[15:11] {Threei} Qs
[15:11] {peterg} magoo, bring me a brew and call it a day
[15:11] {Threei} ADBE
06[15:11] * Chaeron slaps peterg around a bit with a large trout
[15:11] {Chaeron} say please
[15:12] {peterg} pls
[15:12] {Geo} that was easy
[15:12] {Chaeron} Larisa's not here and manners go to heck......
06[15:13] * dino slaps magoo around a bit with a large trout
[15:13] {dino} pay attention magoo, peter wants a beer
[15:14] {peterg} jeez vad, you put em in front of me and i dont take me adbe
[15:15] {peterg} frozen mind
[15:15] {peterg} limbs
[15:15] {Chaeron} move
[15:15] {Chaeron} it's almost 80 here
[15:15] {peterg} where?
[15:15] {lisa_jay} adbe vad, break of .10?
[15:15] {Chaeron} Thailand
[15:15] {Chaeron} teasing... So. Calif
[15:16] {Threei} in this environemtn I prefer shorting bounces lisa
[15:16] {lisa_jay} Ok, Thanks
[15:21] {peterg} i am in antarctic science station studying beer proliferation
[15:21] {magoo} i must apolagize..our bet ruined the trading day both sh opr long
[15:21] {Threei} why... we got a few good ones
[15:21] {Threei} not as many as we want
[15:21] {Threei} but heck
[15:22] {magoo} all BEFORE the bet boss
[15:22] {Threei} oh
[15:22] {Threei} yes, you are right
[15:22] {magoo} what..cant hear u..say ahgain please lol
[15:23] {peterg} hav fun team. Going home, will review log for things said about mkts, me
[15:23] {lisa_jay} Bye Peter
[15:24] {Threei} take care peter
[15:24] {peterg} bye lj, vad
[15:24] {Threei} ADBE works like charm
[15:24] {Threei} Qs too
[15:24] {Threei} flush in progress
[15:24] {peterg} and raven, cosmo dawg dino dptl geo hwk,jmb ksys, ldave, mag mudd, onix patienc tom g maga
[15:24] {dino} cya pete
[15:24] {Threei} 20 points till dino's bet win
[15:25] {magoo} u know how much heeats?
[15:25] {dino} victory, a dish best served cold
[15:27] {dino} wow, kbr at $12 w/$10/share cash
[15:27] {dino} no takeovers tho, because no financing available for them
[15:27] {magoo} hang onnnnnnnnnn dow
[15:27] {dawg} short Q's break of .75
[15:28] {dawg} stop .81
[15:28] {magoo} u gotta have the print or no deal, er um. meal
[15:28] {dino} missed by .80
[15:31] {dawg} stopped Q's - 6 cents 200 shares
[15:31] {Threei} not really right way to enter this kind of selloffs dawg
[15:32] {dawg} what is the right way was waiting for flush
[15:32] {Threei} it dropped into low instwad of consolidating above it,
[15:32] {Threei} this kind is more likely to bounce instead of continue
[15:32] {dawg} ah got it always learning with you
[15:33] {Threei} either wait for bounce into resistance or for consolidation and break
[15:33] {dawg} I was ass backwards
[15:33] {magoo} im gonna win bet
[15:33] {magoo} going green
[15:33] {Threei} green?}
[15:33] {Threei} today?
[15:34] {magoo} yes
[15:34] {magoo} in progreesss
[15:34] {Threei} if that is what you bet on, I'll bet on dino's bet
[15:34] {Threei} any leverage you wish :)
[15:34] {muddleheaded} Any thoughts on FTBK?
[15:35] {Threei} FTBK is moving on this:
[15:35] {Threei} 11/12/08 10:12am
[15:35] {Threei} [FTBK] Frontier Financial Announces Status of Treasury Capital Purchase Program Application
[15:35] {Threei} - indicated they have filed an application for the Capital Purchase Program announced by the Treasury. The deadline to file the application is November 14, 2008. At this time, Frontier's application has neither been denied nor approved by their federal regulators or the Treasury.
[15:35] {magoo} dino is ranting non stop"how can it not print 400 down..."
[15:36] {muddleheaded} Thanks.
[15:36] {Threei} they are denied, it drops 2 bucks faster than traders blink
06[15:36] * magoo slaps Threei around a bit with a large trout
[15:36] {magoo} vadf acts like hes running the room or something he he
[15:37] {Threei} gosh, it's what, 18 points till 400?
[15:37] {Threei} it will eat those 18 points in two shakes of lamb's tail
[15:37] {Threei} lol
[15:37] {Threei} 10 points
06[15:37] * Geo want to just eat the lamb
[15:38] {muddleheaded} TSX is worse off.
[15:38] {Threei} how much down?
[15:38] {magoo} u half empty guy
[15:38] {muddleheaded} 559
[15:38] {Threei} yikes
[15:38] {magoo} only 265 points away from free lunch
[15:38] {Threei} oil under 56
[15:39] {Threei} loonie lost .80 yet?
[15:39] {dino} like having a sell order at 400, but won't hit
[15:40] {muddleheaded} $0.8081 now.
[15:40] {lisa_jay} There Dino...saw the print.
[15:40] {dino} bamm! lunch on magoo
[15:40] {Threei} here we go
[15:40] {lisa_jay} Flush...
[15:40] {Threei} yeah
[15:40] {Threei} not royal flush yet
[15:41] {Threei} but that's coming too
[15:41] {Geo} magoo?
[15:41] {Geo} looks like he went grocery shopping
[15:41] {Threei} dawg
[15:41] {Onix} testing October lows today already?
[15:41] {Threei} see where Qs dropped from?
[15:41] {dawg} short Q's off resistance like you said
[15:41] {dawg} .89
[15:41] {Threei} .90 resistance, like clockwork
[15:42] {dawg} Yes sirree!
[15:42] {lisa_jay} R u short Dawg?
[15:42] {dino} 8,143 next target imo
[15:42] {Threei} onix, NASDAQ is still above those lows
[15:42] {dawg} yes but only 200 shares
[15:43] {Threei} not too far though
[15:43] {dawg} out 1/2 100 shares
[15:43] {dawg} thanks Vad hold onto last 100
[15:43] {Onix} getting there only 64c for Q's
[15:43] {dawg} for royal flush
[15:43] {Threei} :)
[15:44] {dawg} Ok out last 100 be what a learning experience Vad
[15:45] {Threei} I've no idea where this spike came from
[15:45] {Threei} jusr dangers of bear market
[15:45] {Onix} short coverings?
[15:45] {dawg} whoa!
[15:45] {Threei} spikes are sudden and violent
[15:45] {dino} 3:45 bounce
[15:45] {dino} like clockwork
[15:45] {dawg} short again .90 Vad?
[15:46] {Threei} no
[15:46] {dawg} got it
[15:46] {Threei} this kind of spike ruins whole read
[15:46] {Threei} it can drop or continue up from here with he same odds
[15:46] {dawg} i see
[15:47] {dptl} have a good evening all
[15:47] {Threei} take care dp
[15:47] {magoo} dp WAITTTTTTTT
06[15:48] * magoo slaps dptl around a bit with a large trout
[15:49] {Threei} dawg... how about that eh?
[15:49] {dawg} you where right along Vad
[15:50] {dawg} all along
[15:51] {magoo} thats why hew gets the lunch dawg
[15:51] {dawg} lol magoo!
[15:52] {dawg} and dinner too
[15:53] {dino} detroit city counsel files for 10b tarp loan
[15:53] {Geo} wot???? really?
[15:54] {Threei} what the
[15:54] {Threei} is it money for all purposes now?
[15:54] {dino} yes, real$.com
[15:54] {dino} soon i will file
[15:55] {Geo} chaeron... you ready with our filing proposal? I have pretty graphs
[15:56] {Threei} look at FTBK
[15:56] {Threei} down full buck in a few minutes
[15:56] {dino} zion out w/going concern in report
[15:57] {peterg} at home in easy chair for end
[15:57] {dino} c at 9+
[15:57] {magoo} see..everyone used to 15 minute powerful mother mkt spanks them today
[15:58] {magoo} falls
[15:58] {Threei} -400 again
[16:00] {peterg} so what predicto for tomorro?
[16:00] {magoo} he gets a lunch for every tag
[16:00] {magoo} thasts 3
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} more pain peter
[16:00] {magoo} prediction? PAIN
[16:00] {Threei} thank you all
[16:00] {peterg} Mr T!!
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Bye guys.
[16:00] {Threei} see you tomorrow
[16:00] {peterg} gnite all again
[16:00] {muddleheaded} Bye everybody.

Tuesday, November 11, 2008

Nov 11 2008

A bit more interesting day. Couple nice trades, plus some scalps... still nothing outstanding but a little more life overall.                                                                                                                   
Session Time: Tue Nov 11 00:00:00 2008

[08:13] {Threei}  11/10/08 04:02pm
[08:13] {Threei}  [SGMO] Sangamo Biosciences Inc Halted; Releases results from diabetic neuropathy trial SB-509-601
[08:13] {Threei}  - The data demonstrate that repeat administration of the drug is well tolerated in subjects with mild to moderate DN. However, no significant differences were observed between the SB-509 and placebo treated subjects in a number of measures of nerve function and health at the primary analysis point, day 180 post-treatment.
[08:25] {Threei}  CAAS
[08:25] {Threei}  -China Automotive Systems a power steering components and systems supplier in China, today announced it has received its initial purchase order for power steering gears from a global automotive manufacturer headquartered in North America. This first purchase order is part of an agreement to supply power steering gears to this automotive manufacturer.
[08:25] {Threei}  -CAAS notes this agreement represents a major milestone as it is the first contract for China Automotive Systems in the North American original equipment manufacturer (OEM) market.
[08:35] {_maga} good morning all
[08:36] {Threei}  morning maga
[08:38] {Threei}  - Notes it will be a slow process
[08:38] {Threei}  - Says housing prices are continuing to drop, asset prices still falling
[08:42] {lisa_jay} Hi Vad.
[08:42] {magoo} morning
[08:42] {Threei}  lisa :)
[08:42] {Threei}  magoo :)
[08:42] {lisa_jay} Hey Magoo.
[08:44] {KSystems} Good morning
[08:44] {Threei}  ks :)
[08:44] {KSystems} Hey Vad...slept well?
[08:45] {Threei}  yes thank you... why?
[08:46] {KSystems} er
[08:46] {KSystems} just chit-chatting
[08:46] {KSystems} this is embarassing...asking "why" on such a question :-}
[08:46] {Threei}  ah... well, forgive me for not catching on that - not many want to chit-chat with me without strong necesity :()
[08:48] {lisa_jay} Hey...not true.
[08:48] {KSystems} see, you've got friends
[08:48] {lisa_jay} How was the coffee Vad? :-)
[08:49] {Threei}  wow... shapes up as an unusually good morning :)
[08:49] {KSystems} *shush* you must ask "Why" now
[08:50] {Threei}  no, I already got the trend: europians and women are merciful on me, to the degree where they are willing to create an illusion they actually want to chat with me :)
[08:50] {KSystems} on the other hand when I tried to make coffee this morning I found out that I ran out of milk and THAT makes me kinda aggressive usually
[08:51] {Threei}  milk? in coffee?
[08:51] {Threei}  what kind of perversion is that
[08:51] {Threei}  decadent Europe....
[08:51] {KSystems} european perversion, aka the Ultimate Definition of Coffee(tm) is the Cappuchino
[08:51] {Threei}  bunch of weirdos :)
[08:52] {KSystems} Lisa, you like Cappuchino?
06[08:52] * Threei prepares to kick out of the room any male who confesses he likes coffee-latte
[08:53] {KSystems} they havent waken up yet
[08:53] {KSystems} a=o
[08:54] {lisa_jay} Not a big coffee Tea
[08:55] {hawkfan4} I'm partial to Cap's brother, Al
06[08:55] * Threei proudly announces he takes his coffee black, no milk, no sugar, no cream... and he fished his own supper yesterday
[08:55] {KSystems} well thank you very much
[08:55] {Threei}  lisa... they say oolong kind is even more effective than coffee as an awakener
[08:56] {lisa_jay} Should try it.
06[08:56] * magoo slaps Threei around a bit with a large trout
[08:57] {Threei}  they also say trout beats tem both
[08:58] {KSystems} I should try squeezing some trout into the coffee
[08:59] {Onix} Good morning all 
[08:59] {Threei}  onix :)
[08:59] {Threei}  oh boy
[08:59] {Threei}  I have too vivid imagination ks
[08:59] {Threei}  coffee with fish taste/smell
[08:59] {Threei}  wait for me to be done retching
[09:01] {Threei}  UPS
[09:01] {Threei}  REPORTS Q3 $0.08 V $0.14 Y/Y, R $30.6M V $29.8M
[09:07] {brian3579} gm all
[09:07] {Threei}  brian :)
[09:08] {magoo} vad, u watching FMCN?
[09:09] {Threei}  11/10/08 04:15pm
[09:09] {Threei}  [FMCN] Focus Media Holding Reports Q3 $0.53 v $0.53e, R $224.8M v $232Me
[09:09] {Threei}  - Guides Q4 EPS $0.45-0.46 v $0.57e, R $190-200M v $248Me
[09:09] {Threei}  and three downgrades this morning
[09:10] {dino} gm all
[09:10] {dptl} good morning all
[09:10] {Threei}  dino :)
[09:10] {Threei}  dp :)
[09:11] {Threei}  worth watching for sure
[09:11] {Geo} gm all
[09:11] {Threei}  geo :)
[09:13] {dino} coffe, black and bitter for me
[09:13] {dino} coffee
06[09:13] * Threei high-fives dino
[09:14] {Threei}  oil under 60
[09:14] {dino} bitter, you know, like my women
[09:15] {Geo} hehe and a gm to you dino
[09:16] {dino} :)
[09:16] {Threei}  poor JASO
[09:18] {dino} pru blood14 points since fri high
[09:19] {Threei}  quite low
[09:21] {dino} should be .50 i believe
[09:22] {Threei}  well... after it's been in 400 area, 175 looks good, doesn't it :)
[09:23] {dino} indeed, the .50 is "normal" times
[09:23] {Onix} even with it so low, the banks do't seem to be lending yet?
[09:24] {Threei}  who knows for sure... they say some thaw is taking place, and expect noticeable imp[rovement around 140
[09:24] {Threei}  and lower
[09:25] {Onix} how many billion more do they need before they start lending?
[09:25] {Threei}  good question
[09:25] {Threei}  first trillion is tough... after that it's easier
[09:25] {Onix} lol
[09:26] {Threei}  my plan for STEM swing:
[09:26] {Threei}  stop for first portion is under 1.90,
[09:26] {Threei}  adding second portion on 2.30 break,
[09:26] {Threei}  adding third and last portion on 2.50 break
[09:27] {Threei}  if it goes for all those breaks, trailing the stop will be a matter of forming new support levels
[09:28] {Geo} missed you entry vad?
[09:28] {Geo} your
[09:28] {Threei}  yesterday, 2.16
[09:28] {Geo} ty
[09:28] {Threei}  feels under nice accumulation to me
[09:28] {Threei}  poor LVS
[09:29] {Threei}  - Pricing of its public offering of 181,818,182 shares of common stock (50% of shares oustanding), 5,196,300 shares of its 10% Series A Cumulative Perpetual Preferred Stock and warrants to purchase an aggregate of approximately 86,605,173 shares of common stock at an exercise price of $6.00/shr
[09:29] {Threei}  - The common stock has a public offering price of $5.50/shr
[09:30] {Threei}  FMCN little panic
[09:30] {Threei}  OK{ not so little
[09:31] {dino} ouch fmcn
[09:33] {dino} gap 8696
[09:33] {dino} from 11-6/7
[09:34] {dino} filled
[09:35] {dino} all i have now are above
[09:35] {Threei} Long Setup:  FMCN  9.15 break half lot, stop under 8.90
[09:35] {magoo} in .11
[09:36] {dino} :) same thoughts
[09:36] {dptl} in .15
[09:36] {dino} .10
[09:37] {dino} stop .63
[09:37] {dino} goal 1.00
[09:37] {dawg} in .03
[09:38] {Threei}  takes a bit too long for my taste... hopefully holds 9
[09:38] {magoo} agrree
[09:39] {dino} hard stop, moving on 
[09:39] {Threei}  holding 9 and breaking 9.20 should launch serious recovery attempt
[09:39] {magoo} if mkkt helps
[09:40] {peterg} morning all
[09:40] {Threei}  peter :)
[09:40] {Chaeron} Good morning all... 
[09:40] {Threei}  chaeron :)
[09:40] {Onix} in @ .15
[09:41] {dino} ?what is market help? lol
[09:41] {Chaeron} in FMCN .12
[09:42] {Threei}  honestly trying... market is not very helpful though but given the circumstances FMCN is doing what it can
[09:42] {dino} 8637 dji lows last week fwiw
[09:42] {Threei}  good boy
[09:42] {Threei}  no go
[09:43] {Threei}  and never look back
[09:43] {Chaeron} no go?
[09:43] {lisa_jay} targets vad?
[09:43] {Geo} lol
[09:43] {Threei}  no = now
[09:43] {Chaeron} don't skeer me
[09:43] {dawg} out 1/2 1:2 FMCN
[09:43] {Threei}  first partial or scalp around .40 - .50 lisa
[09:44] {lisa_jay} thanks vad
[09:44] {Threei}  stop can be trailed to under 9
[09:44] {Threei}  held it beautifully
[09:44] {Threei}  half out .44
[09:44] {magoo} i like to see it take 10
[09:45] {dptl} half .40
[09:45] {Onix} out +.32 ty Vad
[09:45] {Threei}  welcome
[09:46] {dino} fmcn tear down that wall
[09:46] {Threei}  if takes .50 now, stop can be trailed to .15
[09:46] {dawg} out .49 last half thank you Vad +46
[09:46] {Threei}  dawg :)
[09:47] {Threei}  little fighter
[09:47] {dino} stop to .55
[09:47] {dino} out .57, +.47 too tight
[09:47] {Threei}  tough read from here guys, leaving ultimate exit to your discretion
[09:48] {lisa_jay} 42c thanks Vad...only took 100 shares.  
[09:48] {Threei}  out .70
[09:48] {dptl} out some more .64...holding last 100 shares........ty Vad
[09:48] {Threei}  lisa :)
[09:48] {Threei}  good job guys
[09:48] {Threei}  and thanks to magoo for bringing it to attention
[09:48] {lisa_jay} I am learning to hold on longer.
[09:48] {lisa_jay} Thanks Magoo.
[09:49] {dino} gj
[09:49] {Threei}  lisa... just don't make it blanket rule
[09:49] {Chaeron} out .71 +$0.59 - great one Vad. Thanks
[09:49] {Threei}  there is time for everytyhing
[09:49] {lisa_jay} Ok.
[09:49] {Threei}  as ese would say... Ch, baby!
[09:49] {Chaeron} lol
[09:51] {dino} uh oh, broke last weeks low
[09:51] {Threei}  I am trying not to watch dino :)
[09:51] {Threei}  hmmm... none of three victorians here
[09:52] {Threei}  am I the only one who is working on this damn island?
[09:52] {dino} would seem that way
[09:53] {Chaeron} ...slackers
[09:54] {Chaeron} hig
[09:55] {dptl} all out now..fmcn :)
[09:56] {Threei}  laser users, do charts load quickly for you?
[09:57] {Onix} yes
[09:57] {Threei}  my connection then
[09:57] {Threei}  ty
[09:58] {magoo} yup
[10:00] {Threei}  great... now they all retire and we are left in the wake of their mess
[10:04] {magoo} FMCN held 9 well
[10:05] {magoo} as a speak
[10:05] {magoo} sheesh
[10:05] {Threei} Short Setup: UAUA  .80 if stays under .90
[10:09] {dino} gm plan at 2:00
[10:10] {lisa_jay} Buying vad?  Q
[10:11] {Threei}  still thinking
[10:11] {Threei}  ummm... whatever process goes for thinking in me, lol
[10:11] {lisa_jay} :-)
[10:14] {Onix} totally unbelievable that a government can invest so many billions in one company
[10:16] {lisa_jay} uaua vad? valid
[10:16] {Threei}  no read lisa
[10:16] {lisa_jay} Ok, thanks Vad.
[10:19] {patience} good morning RT
[10:19] {lisa_jay} Hi Patience.
[10:19] {Threei}  patience :)
[10:19] {Chaeron} Patience :)
[10:20] {Onix} hi patience
[10:20] {patience} hardware problems, will see if fix is stable   :)
[10:26] {magoo} mkts tryinhg here vad
[10:27] {Threei}  not confident yet
[10:28] {lisa_jay} tug of war
[10:30] {dino} waiting it out
[10:31] {Threei}  yeah, very unclear here, want to get better idea of market wants
[10:33] {magoo} lvs a halt i guess
[10:36] {peterg} looking at stox, reminds me of old surfer song, "wipeout"
[10:37] {peterg} For you Canadienses, heard Jesse Cook flamenco guitar last night. fabulosos
[10:38] {Threei}  love his guitar
[10:38] {magoo} Canadienses, ..cardassiens?
[10:38] {peterg} whats the diff?
[10:39] {peterg} transylvanians
[10:40] {peterg} aapl
[10:40] {peterg} sorry, meant to check chart\
[10:49] {Threei}  two more downgrades FMCN
[10:49] {Threei}  they just pile up
[10:49] {Threei}  gang up on poor FMCN
[10:49] {magoo} really..kick me some more
06[10:50] * Geo kicks magoo albeit wondering why.......
[10:50] {Chaeron} FMCN was a brilliant call earlier... prolly going to be Call of the Day...
[10:50] {Threei}  I hope it won't be the ONLY call of the day, lol
[10:51] {dino} yeah.....feels like we will explode one way or they other
[10:51] {Chaeron} Oh hey... Happy Veterans' Day everybody... and to all you service men and women, many thanks for your incredible service.
[10:51] {dptl} ye...slow....was yesterday the same?
06[10:51] * Geo agrees
[10:52] {dino} happy veterans day and thanks
[10:52] {Geo} btw anyone here?
[10:52] {Geo} vet i mean
[10:54] {Threei}  I join in best wishes
[10:54] {Geo} what happenned to CNQR?
[10:55] {peterg} .
[10:56] {Threei}  I see some downgrades, that's all
[10:57] {Threei}  lol, another FMCN downgrade
[10:58] {Geo} i want this job
[10:58] {Threei}  I start feeling like buying it for a long term hold
[10:58] {Geo} read news and add " your opinion"
[11:04] {dawg} dawg takes 26 cents on the short side of GG and is immediately sent to pound
[11:05] {lisa_jay} good job
[11:05] {dawg} thanks lisa it was a DBI 
[11:05] {_maga} gg
[11:06] {lisa_jay} yes
[11:06] {_maga} ops..
[11:12] {Threei}  you shorted 21 break dawg?
[11:12] {dawg} Yes 20.99 
[11:12] {dawg} Valid setup?
[11:12] {Threei}  totally
[11:12] {dawg} ty Vad
[11:13] {Threei}  no, ty
[11:13] {Threei}  way I see it:
[11:13] {dawg} welcome sir
[11:13] {Threei}  I write a book (course, video, watever)
[11:13] {lisa_jay} Blog
[11:13] {Threei}  you read it, learn the way to utilize ,
[11:14] {dawg} my copy of TOTR is getting dog earred
[11:14] {Threei}  start making money of it
[11:14] {Threei}  everyone benefits,
[11:14] {peterg} dawg-eared
[11:14] {Geo} group hug :)
[11:14] {Threei}  what could be more ideal
[11:14] {Threei}  no hugs
[11:14] {dawg} That's what I am trying to do here
[11:14] {Threei}  we are too manly for that
[11:14] {Geo} lol
[11:15] {Threei}  restrained handshake
[11:15] {Threei}  half smile
[11:15] {Geo} in 100 shares sim all of them
[11:15] {Geo} little experiment.... i figured.... ill play DBI probablilities and trail til reversal
[11:16] {Threei}  add NVLS
[11:16] {Threei}  DBI, and stays near low while NQ bounced some
[11:16] {Geo} ooh missed taht
[11:18] {magoo} we in anything
[11:18] {Threei}  NVLS short if you are up to slow stock
[11:19] {Threei}  srtop somewhere above .80 - .85
[11:19] {Threei}  watching FMCN for a sharp selloff
[11:19] {Geo} ok i know why i missed that...... it didnt gap 1% on open..... not a valid filter..... just needed something to reduce the alerts.....
[11:19] {Threei}  to jump in
[11:19] {Threei}  I got it from new 52 week lows geo
[11:20] {Geo} ok TY vad.... 
[11:20] {Geo} too many alerts lol
[11:21] {dawg} in NVLS short from 12.74 1/2 lot
[11:21] {magoo} u in fmcn now?
[11:21] {Threei}  GM 65 years low
[11:21] {Threei}  no mags
[11:21] {magoo} ok
[11:22] {Threei}  can't get reliable read on it
[11:22] {magoo} howaboutr RIMM bounce?
[11:22] {Threei}  .50 break...
[11:22] {Threei}  valid try chart wise
[11:22] {Threei}  but I p;ersonally will skip it
[11:22] {Threei}  just don't feel enthusiasm for longs at the moment
[11:23] {magoo} i was thinking closer to 44
[11:23] {magoo} buy pullbk
[11:24] {dptl} vrsn short??
[11:25] {Threei}  .54 if stays under .65, VRSN
[11:25] {dptl} ty
[11:26] {dptl} in
[11:32] {Onix} in ss VRSN .54
06[11:33] * Threei sends VRSN and NVLS dead fish
06[11:34] * KSystems orders one for his coffee as well
[11:34] {dawg} moving NVLS stop to 12.82 risk 4 cents on 500 shares
06[11:34] * Threei smells KS's coffee and faints
[11:35] {lisa_jay} lol.
[11:35] {dawg} ,)
[11:35] {Threei}  oil under 59?
[11:37] {Geo} 59.12 cl
[11:40] {lisa_jay} Vad, was VRSN a reverse cup and handle or a DBI? Thanks.
[11:41] {Threei}  DBI... but, depending on the scale of your chart, you can discern C&H in it too
[11:43] {Onix} out VRSN +.11
[11:43] {dptl} out vrsn +.11 ty
[11:44] {Threei}  :)
[12:03] {Geo} .
[12:04] {dptl} shhhh.......
[12:04] {Geo} sorry
[12:04] {dptl} go back to bed :)
[12:06] {Threei}  GS
[12:06] {Threei}  small shares long
[12:06] {Threei}  .80 break
[12:06] {Threei}  stop under .50
[12:07] {Threei}  invalidated
06[12:09] * Threei slaps laserdave1 around a bit with a large trout
[12:10] {laserdave1} thanks
[12:10] {Threei}  always
06[12:10] * Chaeron slaps laserdave1 around a bit with a large trout
[12:11] {laserdave1} double thanks
[12:11] {Chaeron} my pleasure
[12:11] {Chaeron} you're up Magoo.....
[12:12] {magoo} oh crap..was sleeping
[12:12] {Chaeron} can HIG go any lower?
06[12:12] * magoo slaps laserdave1 around a bit with a large trout
[12:12] {dptl} lol
[12:13] {laserdave1} triple thanks
[12:13] {Threei}  why not chaeron
[12:13] {dawg} stopped NVLS
[12:14] {Threei}  didn't it hit 1:1earlier?
[12:14] {dawg} i was in .74 think it hit .69 was all
[12:14] {dawg} what a dog of a stock
[12:14] {Threei}  I thought I saw .67... but not very material
[12:15] {Geo} hahahaha he said dog
[12:15] {Threei}  lol
[12:15] {_maga} valid breakdown for DELL  ?
06[12:15] * Geo sits back for the show
[12:15] {dawg} you are probably right sort of lost interest so slow
[12:16] {Threei}  hard to tell maga... market lost all signs of activity
[12:16] {Threei}  need it to start doing somewthing
[12:16] {_maga} ok, tx
[12:17] {dawg} i am in GS from 67.30 but only 200 shares long
[12:18] {dawg} OK i am out 67.67
[12:18] {dawg} thanks Vad running scared on that one
[12:18] {Threei}  :)
[12:18] {Geo} being easy on newbies vad
[12:19] {Geo} JRCC
[12:19] {dawg}  i am a nam vet i can take it
[12:19] {Geo} lol
[12:19] {Geo} darnnnn that kills it
06[12:20] * Geo more respectfull
[12:20] {magoo} one heckava chart GS
[12:22] {Threei}  DAVE, DCC
[12:29] {dptl} urbn??
[12:31] {Threei}  no idea dp
[12:31] {dptl} ok ty
[12:32] {dptl} was thinkin...06 break....with.96 stop
[12:33] {Threei}  I understand the setup... I just see this kind of setups as random at this point
[12:33] {dptl} i see...
[12:40] {magoo} prob is mkt stuck in tight range
[12:41] {magoo} better move maybe 2:30
[12:41] {Threei}  Hmmm
[12:42] {Threei}  stimulate home purchase - isn't it what landed us in this mess in the first place
[12:42] {Threei}  let's create more mortgages destined to fail
[12:42] {magoo} next tell us govt needs to unrestrict crediut
[12:43] {magoo} vad dcc
[12:43] {Threei}  do I have to?
[12:49] {magoo} boy..uman of few words..all response 1 word or less lol
[12:49] {Threei}  less?
[12:49] {dptl} lol
[12:50] {magoo} in " :) "
[12:50] {Threei}  ah
04[12:54] -} [Threei] PING
[12:54] {dawg} caught another DBI setup in UAUA break .55 out .45 
[12:55] {Threei}  :)
[12:55] {dawg} valid DBI setup?
[12:56] {Threei}  for a scalp, yeah
[12:56] {dawg} because of short base?
[12:57] {Threei}  mostly because market doesn't have any gas
[12:57] {dawg} got it! thanks 
[13:01] {Threei} Long Setup:  LVS  half lot .35 if stays above .20
[13:02] {magoo} in
[13:03] {dawg} in
[13:03] {Onix} in
[13:03] {dptl} in
[13:03] {_maga} in .36
[13:04] {peterg} out at .40, +.06 thks
[13:04] {Threei}  peter isn't joking around
[13:05] {peterg} fear helps
[13:05] {magoo} i hope u took 10k shares
[13:05] {peterg} alas, back on training wheels
[13:07] {Onix} stopped
[13:07] {dptl} stopped
[13:07] {amarg} stopped lvs
[13:07] {_maga} stop
[13:07] {lisa_jay} Peter wins
[13:07] {dawg} stopped LVS
[13:07] {magoo} stopped
[13:07] {amarg} ooh sharp drop
[13:07] {amarg} should be short
[13:08] {Onix} wtg peter
[13:08] {peterg} ty
[13:10] {lisa_jay} Thank God for thight stops.
[13:11] {Chaeron} I thank Vad for teaching them too :)
[13:17] {peterg} Mkt in straightjacket
[13:17] {Threei}  pretty much
[13:18] {lisa_jay} Vad, on the LVS - setup was an Sym triangle (or coiling) with anticipation of breakout?
[13:18] {Threei}  pullback after sharp spike
[13:19] {Threei}  found support, started chewing through resistance
[13:19] {Threei}  formed tight enough range
[13:20] {lisa_jay} Ok, thanks.
[13:22] {amarg} vad, how come on lvs its having multiple orders in qty of 1000's on bid side, but it keeps on going down, shouldn't the price reflect demand
[13:23] {Threei}  that's static picture
[13:23] {Threei}  what matters is dynamic,
[13:23] {Threei}  whether those orders get hit or not
[13:23] {Threei}  if there are a lot of bids but sellers are willing to sell into them, they overcome the support
[13:24] {Threei}  same on offer side
[13:26] {Threei}  see these big offers getting chewed?
[13:36] {Threei}  volume is even lower than yesterday
[13:37] {Onix} what a boring way to spend a holiday
[13:40] {dawg} scalped a dime out of UAUA 12.45 break took awhile to get there
[13:41] {Threei}  :)
[13:41] {dawg} Vad.)
[13:41] {Threei}  from Reagan speech of 1984:
[13:41] {Threei}  t's a far cry from the gloom and doom of just 4 years ago. Sometimes it's hard to remember that only a short time ago people were counting America out. They were claiming that we were a nation in decline, that our best days were behind us. Inflation was running in double digits, robbing working people and the elderly of the value of their savings. Economic stagnation was throwing more and more people out of work and destroying any chance for the poor to better their lot.
[13:41] {Threei}  he auto industry, like the rest of the country, was on the edge of catastrophe. In 1980 alone, the Big Three [Chrysler Corp., Ford Motor Corp., and General Motors Corp.] lost $4 billion. And then came the recession, the culmination of years of too much taxing, spending, and regulating by those who claimed they could spend your earnings better than you could.
[13:42] {Threei}  Well, we've been determined to chart a new beginning for America. And I know that it hasn't been easy. That recession was deeper and longer than predicted. But these problems had been building up for 20 years.
[13:42] {Threei}  We were determined to find a real economic cure, not just resort, as they had so often in the past, to another political quick fix. There've been eight recessions since World War II, and seven of those were treated with quick fixes. There's no compassion in snake oil cures. We weathered that storm together, and now the Sun is shining on a strong economy and on an American automobile industry that is moving forward again.
[13:42] {Threei}  Remarks at the General Motors Assembly Plant in Orion Township, Michigan
[13:44] {Threei}  now, next quote is about how they achieved it
[13:44] {Threei}  citing it just to compare with current plans
[13:44] {Threei}  We went to work to get control of Federal spending that had been increasing 17 percent a year. We've cut that in half.
[13:44] {Threei}  Taxes had more than doubled just between 1975 and 1981, leaving working people paying taxes at a rate that only a short time before had been reserved for the extremely well-to-do. This ever-increasing tax load was driving money away from the private sector that could have been spent buying new cars or investing in new plants and equipment. With a 25-percent across-the-board tax cut, we've prevented the people from being mauled by tax increases, and we've indexed the rates so that ordinary people won't be pushed by inflation into higher and higher tax brackets.
[13:46] {KSystems} you can type fast, man
[13:46] {Threei}  uhhu
[13:46] {Threei}  and look at my spelling
[13:48] {Threei}  the only skill that is sorely lacking is reading comprehension
[13:48] {Threei}  can anyone tell me what that was that I typed?
[13:48] {Chaeron} market frisky...
[13:48] {KSystems} probably means that we have low volume today
[13:48] {Chaeron} don't know what you wrote Vad, but market responding positively
[13:48] {Threei}  oh good
[13:49] {Threei}  want to repost it twice?
[13:49] {Threei}  want me
[13:49] {Chaeron} let's get long first
[13:49] {magoo} yes
[13:51] {Threei}  Qs... can try .91 long
[13:51] {Threei}  stop .84
[13:51] {Threei}  idea is to partial out near 30,
[13:51] {dawg} in
[13:51] {Threei}  and try to hold the rest fro 30 break and, ummm
[13:51] {magoo} in
[13:52] {Threei}  some kind of cross between rally and creep-up
[13:52] {Threei}  or just take scalp
[13:52] {Threei}  whatever is to your liking
[13:52] {Onix} too fast, missed it
[13:52] {Threei}  keeping original plan, out half .99
[13:53] {lisa_jay} Scalped out for 7c thanks Vad.
[13:53] {dawg} out for scalp .99
[13:53] {Threei}  :)
[13:53] {dawg} thanks Vad
[13:53] {Threei}  sure thing
[13:54] {dptl} out half .01 qqqq
[13:54] {dptl} ty
[13:54] {magoo} out here .05 TY bodssarolla
[13:54] {magoo} full lot
[13:54] {Threei}  welcome guys
[13:54] {magoo} easy button
[13:55] {dino}     easy button
[13:55] {Threei}  bodssarolla - is it some kind of East Indian thing, like Bodhisatva?
[13:55] {Geo} All out .07
[13:55] {Threei}  out in full .12
[13:55] {Threei}  +.21
[13:55] {Geo} pesky INET kept sticking on LII
[13:55] {dptl} all out at .12 ty
[13:55] {Geo} thanks vad
[13:55] {Threei}  good job guys
[13:56] {magoo} bodssarolla -
[13:56] {magoo} man o man
[13:56] {Geo} sounds italian
[13:56] {Threei}  lol
[13:56] {Onix} ty Vad, i got 11c in Q's
[13:56] {Threei}  onix :)
[13:56] {Geo} mozarella
[13:56] {Threei}  hey, I studied yoga
[13:57] {magoo} like iltalian noodle
[13:57] {Threei}  in youth
06[13:57] * Geo doesnt want to picture that
[13:57] {Threei}  so my perceptions are influenced
[13:57] {magoo} plate of bodssarolla please..clam sauce
[13:57] {Threei}  6-arms Shiva... Bodhisatva
[13:58] {Threei}  and no need to picture geo... there is much more to yoga than hatha :)
[13:58] {Geo} hehehe
[13:59] {Geo} ic vad gets all spiritual when money is showered upon him
[13:59] {Threei}  wow... cross-breed of rally and creep-up turns into pure rally
[13:59] {Threei}  COIN
[13:59] {Threei}  - Company has entered into a strategic agreement with Archer Daniels Midland Company , to develop lysine-rich, green organic-based liquid and solid fertilizers for use in the professional turfgrass market.
[13:59] {Threei}  - Under the agreement Converted Organics will have access to ADM's patent-pending, lysine-based technology, marketed under the NaturStim trade name, and be allowed to develop, produce and market the Turf Blend organic liquid and granular fertilizers that contain NaturStim products.
[13:59] {Threei}  - Financial terms were not disclosed.{ADM}
[14:01] {Threei}  {FRE FNM}
[14:01] {dino} playing on obama
[14:02] {Threei}  Kashkari?
[14:02] {Threei}  or Russia? :)
[14:04] {peterg} fre
[14:05] {magoo} trashcanman? 
[14:06] {peterg} the Trashmen: The Bird is the Word
[14:06] {peterg} Started and ended here in Minneapolis
[14:08] {Threei}  - Could see principal reduced, loan life extended
[14:10] {Threei}  {FRE FNM}
[14:11] {Threei}  what the hell is going on
[14:12] {Threei}  bacchanalia of voices, all at once
[14:12] {Threei}  each pulling their own way
[14:13] {Threei}  was there any time on memory when it was so obvious that governing entities have no slightest idea what they are doing?
[14:13] {Onix} they want to change as many as possible "things" before Obama takes office
[14:14] {Onix} and only making things worse
[14:15] {Threei}  and the most depressing thing is, I used word bacchanalia and peter didn't endorse me... should I use "cacophony" as last resort??
[14:16] {peterg} plus lack of transparency where billions/trillions are going, if I understand right?
[14:16] {Threei}  oh yeah
[14:16] {peterg} Does george have an overseas account?
[14:16] {Threei}  that's the most astonishing thing
[14:16] {Onix} going for bonusses for management
[14:16] {Threei}  here is 2 trillions, use it wisely
[14:16] {Threei}  now, show what you did with it
[14:16] {Threei}  nope
[14:17] {peterg} Dick Cheney needs a few more billion; his stock in Halliburton is down a bit
[14:17] {Onix} we went to the spa
[14:17] {peterg} we had lunch
[14:18] {Threei}  decorated?
[14:18] {peterg} new wallpaper in front hall
[14:18] {Threei}  installed dancing pole I'd guess
[14:18] {peterg} Laura can shake that thing
[14:19] {Geo} ewwwwwwwwwww
[14:19] {peterg} truth always huts
[14:19] {peterg} hurt
[14:19] {peterg} hurts
06[14:19] * Geo will trade with his eyes gouged out now
[14:19] {peterg} huts too
[14:19] {Threei}  hunts
[14:19] {peterg} good
[14:21] {Threei}  LVS
[14:21] {Threei}  OK, anyone understands how all those comments fuel this rally?
[14:22] {peterg} nope
[14:24] {Onix} i can not understand how anyone would want to buy anything in this economic climate
[14:24] {Threei}  pne encouraging thing is:
[14:24] {Threei}  one
[14:24] {Threei}  look at the volume on this upward spike vs the rest of the day
[14:25] {Threei}  onix... it will be way too late to buy when economic lcimate is good
[14:25] {Onix} yes, not bad
[14:25] {Onix} so true
[14:25] {Threei}  logic of stock market is different from Aristotle logic
[14:26] {Onix} are we going tond positive after -304?
[14:26] {lisa_jay} Look at ERTS...straight up.
[14:26] {Onix} end
[14:27] {Threei}  that wouldn't even be wide range day by today's standards
[14:28] {Threei}  Aristotle thought reason should come first, outcome second
[14:28] {Threei}  in the market is usually other way around
[14:28] {Onix} yes, we had much wider
[14:29] {magoo} vad we in anything
[14:29] {Threei}  no
[14:31] {dino} i missed it all too
[14:31] {Threei}  well... there was nothing really to iss
[14:31] {Threei}  miss
[14:31] {Threei}  I mean, there was no setup, no chart to read
[14:32] {Threei}  jusat some non-discernable comments, and market goes lalala
[14:32] {lisa_jay} Yes, ramped up really fast....
[14:46] {Threei}  AIG
[14:47] {Onix} great, now the goverment is going to get the $150B returned to them?
[14:48] {Threei}  why do I find it hard to believe
[14:48] {Onix} lol
[14:48] {Threei}  I mean...
[14:48] {Threei}  give me 150 B
[14:48] {Threei}  and try to get it back
[14:48] {Onix} :)
[14:49] {Onix} sorry already spent!
[14:49] {Threei}  you'd have to look for me somwhere on Saturn
[14:49] {dptl} lol
[14:51] {Onix} after bailing out the car companies, i suppose then comes Whirlpool & Maytag etc. because now nobody is buying their machines either?
[14:53] {dino} what about poor cicuit city?
[14:53] {Onix} exactly
[14:54] {Onix} why some and not others
[14:54] {Threei}  it's a bailout galore
[14:54] {Onix} can i go stand in line also?
[14:55] {peterg} gotta be friends w hank
[14:55] {Threei}  he has so many frineds, you can just pat his shoulder and he will think ou are one of them
[14:56] {Onix} lol
[14:56] {peterg} I am very close w. him. Just send me $1,000 and I will give you my card to give to him
[14:56] {hawkfan4} {=going to look for Hank and pat him on the shoulder
[14:57] {Onix} :)
[14:58] {peterg} For $500 more, I will inscribe an introductory bit of praise.
[15:00] {peterg} Dont tell anyone, but Hank is my half-brothrer
[15:00] {Threei}  peter... whatever you do, never ever forget your best friend me
[15:00] {Onix} he is going to be out of a job real soon though
[15:01] {Threei}  for the next 70 days at least
[15:01] {peterg} ok ok, cards for everyone online at Vads
[15:01] {Threei}  we need to get out piece of bailout before jan 21st
[15:02] {Threei}  not that bailouts end on that date, but it's going to be someone else's brother in charge
[15:02] {peterg} Right
06[15:03] * Threei stops paying his mortgage, car leases, utility bills, kids allowance, wife allowance and grocery tabs - gotta have a proof he needs solid bailout
[15:03] {Geo} ummm vad youre in victoria
[15:03] {Onix} good planning
06[15:04] * Threei books tickets to Saturn for the next day after being bailed out
[15:04] {Threei}  yes geo... so?
[15:04] {Threei}  are you going to discriminate against Victorians?
[15:05] {Threei}  or you think we don't have utility bills?
[15:05] {Geo} :)
[15:05] {Threei}  I say bailout in every pot
[15:09] {Onix} 1-minute head&shoulders forming on indexes?
[15:10] {Threei}  quite chaotic
[15:10] {Threei}  I don't think we can derive much from it
[15:12] {_maga} I see many forming C&Hs at daily high  ... look at DELL
[15:12] {Onix} who/what makes these patterns?
[15:12] {Threei}  we do
[15:12] {_maga} I follow the rules explained bu Vad in his book
[15:12] {dptl} prxl??
[15:12] {Threei}  our psyuchology
[15:13] {Onix} you mean i am an artists and i did not know it?
[15:13] {Threei}  but of course
[15:13] {Threei}  maga, on DELL... you mean C&H with break at 11.20?
[15:14] {Threei}  I'd stay away dp
[15:14] {dptl} ok ty..
[15:14] {_maga} I saw it with break at 11.6
[15:15] {Threei}  for 11.6 it never finished forming the handle part
[15:15] {Threei}  cup is formed
[15:16] {_maga} yes is still forming...  and half handle... if not invalidate
[15:16] {Threei}  a bit too deep, IMO
[15:17] {Threei}  I'd prefer it to bottom out around 11.30
[15:18] {Threei}  someone explain to me please
[15:18] {Threei}  I hear from everywhere how badly USA auomakers managed their affairs, build wrong cars etc
[15:19] {Threei}  why is no one talking abiout how unions bled them to death with unfathomable obligations
[15:19] {Threei}  that put them at such financial disadvantage vs TM etc
[15:20] {Threei}  that even though japanes and German automakers built gas-hyngry cars as well
[15:20] {Onix} yes, the unions organized themselves out of a job now
[15:20] {Threei}  it was not an even playing field simply on that basis
[15:21] {Threei}  it's not like everyone stopped buying GM and F cars now but still buys Toyotas
[15:21] {Threei}  they are all experiencing similar drops in sales
[15:22] {Onix} TM just a little less than the others
[15:23] {dino} the unions supported the democrats, they are giving them what they want, simple politics 3i, we support you if you don't let them file bankruptcy and break union contracts
[15:23] {Onix} but they should all have come up with alternativs to combustions engins looooonggg ago
[15:23] {magoo} no need..gas only 2.29 again
[15:23] {Threei}  well... car maker comes out and says,
[15:24] {Threei}  onix,
[15:24] {dino} bingo!
[15:24] {Threei}  here is 20K car
[15:24] {magoo} all those suckers took trade in beating dumping gas guzzling suv's this summer
[15:24] {Threei}  runs on gasoline
[15:24] {dino} wheres the incentive now to push for alt. energy? oil at 20 month lows
[15:24] {Threei}  here is 35K car, runs on something werid
[15:24] {dino} we are a fickle country
[15:24] {Threei}  for which you don't really have viable option to fule it
[15:24] {magoo} volks is unleashing mini car gets 117 mpg
[15:24] {Threei}  questionable battery that is likely to die on you in 5 years
[15:25] {Threei}  now choose please
[15:25] {Threei}  what do you pick? :)
[15:25] {Onix} yes, still way too many uncertainties to sort out
[15:25] {Onix} but they really waited way too long
[15:26] {dino} we have it in natural gas and more drilling, but again, a sub group, environmentalists, are to voting powerful
[15:26] {Onix} now nbody wnts to buy their cars in any case
[15:26] {dino} also we have 250 years of coal
[15:26] {dino} 140 years natural gas
[15:26] {Threei}  Nissan CEO recently said, they have all kinds of alt fuel cars in works,
[15:26] {Threei}  electric, hybrid, something else
[15:26] {Threei}  will start rolling them out in couple years
[15:26] {Threei}  but
[15:27] {Threei}  they all are going to sell at substantial premium.
[15:27] {Threei}  if oil stays where it is now, I just don't see people buying those
[15:27] {dino} and if gas stays down, nobody here will buy them
[15:27] {magoo} hey..did u see honey bunches of oats is now a new cereal..just bunches?
[15:27] {Threei}  except insanely rich with feel of guilt
[15:28] {Threei}  and as customer buyeth so manufacturer maketh
[15:28] {Onix} well, i should no say so much, because i don't even have a car
[15:28] {dino} no, the rich here like big and expensive, don't kid yourself. americans always want bigger
[15:29] {Threei}  sure... big hybrid SUV
[15:29] {magoo} right,,,it ain't they poor fueling mercedes, bmw, porshe frrearri
[15:29] {Threei}  what's wrong with hybrid Lexus
[15:29] {dino} yeah, gets 20 mpg but cost 30k more, i can buy alot of gas for 30k and get the same car, only not hybrid...see
[15:29] {Threei}  exactly
[15:29] {Onix} we use bicycles using bio fuels
[15:29] {lisa_jay} Dawg..did u take any more scalps?
[15:30] {dawg} just watching FITB right now in a trading range about midpoint Lisa
[15:31] {dino} example: i bought dodge durango, because they discounted it 12k, at 15 mpg, 12 k buys me 3-5 years of driving, the hybrig suv was a smaller one at 18k more, for lousy extra 7 mpg's
[15:31] {Onix} we going down to -400?
[15:32] {Threei}  onix... in today's trading anything's possible, no rhyme or reason
[15:32] {Onix} true
[15:32] {Threei}  dawg, FITB reflects market fairly close today
[15:33] {dawg} Yes Vad, heading back to pound here soon
[15:33] {elpaso} Hello, I just received my package last night and am studying diligently.  Do you have anywhere a description of your scanner setup?  I have found the documentation for the scanner and am familiar with it's menus but I have yet to learn the alert types.
[15:34] {elpaso} sorry I thought that was a private message.
[15:34] {Threei}  hehe
[15:34] {Threei}  dcc me :)
[15:35] {dawg} took break of  9.87 Lisa
[15:35] {dawg} FITB
[15:35] {dawg} try for a few cents
[15:36] {lisa_jay} reverse cup & h
[15:36] {dawg} DBI but need to confirm that with the bossman
[15:37] {Threei}  it doesn't look like any animal I know
[15:37] {lisa_jay} :-)
[15:38] {dawg} OK wistful thinking probably end up losing a dime anyway
[15:38] {Threei}  IMO, just follows the market down
[15:38] {dptl}  .... have a good evening all :)  good day....thank you :)
[15:38] {dawg} OK probably end up losing a dime anyway
[15:38] {Threei}  take care dp :)
[15:40] {dawg} be stop
[15:41] {dawg} ok stopped
[15:41] {dawg} be
[15:42] {lisa_jay} Oh well, followed your plan - nice trade.
[15:44] {dawg} Thanks Lisa I am done for the day.  Vad had some good calls today.
[15:45] {lisa_jay} Yes...made good $ early.
[15:45] {dawg} I recall you made some money today also correct?
[15:45] {Onix} wtg lisa!
[15:45] {Threei}  best of them was dialing accidental number and asking politely "hi, this is Hunk, where do you want me to send you your bailout?
[15:46] {Geo} hunk?
[15:46] {lisa_jay} lol.
[15:46] {lisa_jay} Hunk?...Vad?
[15:46] {Threei}  ummm
[15:46] {Threei}  hank?
[15:47] {Threei}  comeon, years of experience should have taught you reading my typing even when I make 4 errors in 4 -letter word
[15:47] {lisa_jay} Dawg the money was all Vad's call.  Mine just suck.
[15:47] {Threei}  did you know that just 5 mistakes turn word bread into word vodka?
[15:47] {dawg} Yes but you hung in there today and didn't take the first few cents right?
[15:48] {lisa_jay} Yup.  A first for me true.
[15:48] {dawg} wtg!
[15:48] {lisa_jay} :-)  Thanks.
[15:48] {dawg} .)
[15:48] {Threei}  good job lisa
[15:48] {Threei}  studying pays off
[15:48] {lisa_jay} Yes.
[15:49] {Threei}  look at CLNE
[15:49] {Threei}  did Pickens lose the touch?
[15:50] {Onix} certainly looks that way
[15:50] {dino} gas fell, no need to do it
[15:51] {dino} we are a very short sighted country
[15:54] {magoo} is this a trading room anymore or a political debate forum like "crossfire" sheesh
06[15:54] * Threei slaps magoo around a bit with a large trout
[15:55] {magoo} YESSSSSSSSS
[15:55] {Threei}  lol
06[15:55] * dino slaps magoo around a bit with a large trout
[15:55] {Onix} you still in STEM Vad?
[15:55] {dino} too many distractions today, i shall do more tomorrow.
[15:55] {Threei}  yes, didn't do anything today that would define any action
[15:56] {Onix} ty
[15:57] {magoo} we hit a couple good ones vad
[15:57] {magoo} q was real nice
[15:57] {Threei}  the first one was the best
[15:58] {Threei}  Ok guys, thank you all
[15:58] {magoo} ty
[15:58] {Onix} ty & bye
[15:58] {Threei}  have a good evening, see you tomorrow
[15:58] {lisa_jay} Thanks Vad.
[15:58] {dawg} thanks all

Monday, November 10, 2008

Nov 10 0 2008

Low volume, boring and listless. Profitabe but nothing earth-shuttering. Just scalping here and there.Not much to report beyond that.

Session Time: Mon Nov 10 00:00:00 2008

[08:14] {Threei} Good morning
[08:14] {patience} it is still dark outside vad, good morning
[08:14] {Threei} it is...
[08:15] {Threei} but China bailout might help
[08:15] {patience} no kidding, dusting off my china stock plays
[08:15] {Threei} wstching CAEI as possible beneficiary
[08:19] {magoo} morn
[08:19] {Threei} magoo :)
[08:20] {Threei} stem cells are moving
[08:20] {Threei} solars too
[08:20] {magoo} how about premkt gm?
[08:21] {magoo} arrrrrrr...not avail short anymore
[08:21] {magoo} was friday
[08:22] {magoo} why USO up vad?
[08:24] {Threei} Chinese huge infrastructure investment lweighs on USD, lifiting commodities priced in USD
[08:25] {magoo} ok ty
[08:25] {magoo} any news GOOG?
[08:27] {Threei} not really
[08:29] {KSystems} hey :)
[08:29] {Threei} hey KS, good to see you
[08:30] {KSystems} well good to see YOU vad
[08:30] {KSystems} how're things going?
[08:31] {Threei} you mean aside of global financial crisis, planet being destroyed by pesaky habitants etc? Very good! :)
[08:31] {Threei} *(CA) SEPT NEW HOUSING PRICE INDEX M/M: 0.1% V -0.1%E
[08:31] {Threei} (CA) OCT HOUSING STARTS: 211.8K V 200.0KE
[08:31] {Threei} - Prior revised from 217.6K to 218.6K
[08:31] {Threei} see?
[08:32] {KSystems} :)
[08:43] {hawkfan4} good morning
[08:43] {Threei} hawk :)
[08:43] {Threei} tried Google's browser over weekend
[08:44] {Threei} probably that's why its up, magoo
[08:47] {hawkfan4} The financial crisis in a nutshell :
[08:49] {_maga} good morning everybody
[08:56] {Threei} maga :)
[09:01] {lisa_jay} Good morning
[09:01] {Threei} lisa :)
[09:02] {Threei} - Using treasury operations now to aide AIG with tools that were not availabe in Sept
[09:02] {Threei} - Notes that $50B in support largest amount ever provided to single firm by US gov't
[09:02] {Threei} - New facilities take RMB's and CDO's off AIG balance sheets
[09:02] {Threei} - Working on lobbying restrictions for AIG as part of loan restrictions
[09:04] {Threei} CAEI is climbing
[09:08] {Geo} gm vad
[09:08] {Threei} Geo ;)
[09:08] {Geo} any thoughts on trading EEV? :)
[09:08] {Threei} yup
[09:08] {Threei} don't trade it
[09:08] {Geo} hehehe ok
[09:09] {Threei} this is what, emerging markets short ETF?
[09:09] {Geo} ultra yes
[09:10] {Threei} what's with these exotic vehicles... trading them requires reading of the whole world
[09:10] {Onix} good morning all
[09:10] {Threei} Onix :)
[09:10] {Threei} no single soul on the planet has slightest idea where all this is going
[09:11] {Geo} long day today..... my pc isnt booting ......on laptop now.....
[09:11] {Threei} want to be that one genius that nails it?
[09:11] {Threei} I'll wait for you on the shore :)
[09:12] {Geo} whats the laser port again vad?
[09:12] {magoo} 15905
[09:12] {Threei} 15905
[09:12] {Geo} TY
[09:12] {dino} gm all
[09:13] {Threei} dino :)
[09:13] {_maga} Vad , do tape reading principle are applicable to futures?
[09:13] {Threei} as a main idea, sure
[09:13] {Threei} particularities are different somewhat
[09:13] {_maga} ok tx
[09:13] {Threei} more shakeouts, more stop gunning
[09:14] {_maga} more difficult...
[09:14] {Threei} in a way
[09:14] {Threei} I'd put it this way:
[09:14] {Threei} trading futs requires style adjustments somewhat difdferent from stocks
[09:15] {Threei} also, as with any single tool,
[09:15] {Threei} there is a problem of what to do when it trades in a way that doesn't match your system, your approach, yolur method of reading
[09:16] {Threei} you are likely to find a stock that trades on its own merits when market overall is not what your read handles well
[09:16] {Threei} but if you are confined to a single tool, you have no such luxury
[09:17] {_maga} I understand what you mean... you have a single ( or few) chart to work with
[09:17] {_maga} if doesn't fit your way... you haev to wait for the day after..
[09:17] {_maga} at least
[09:17] {Threei} I prefer stocks, with some general market trading sprinkled on top as complementary tool
[09:18] {Threei} in a form of futures, or Qs or QID
[09:18] {ese} good morning...
[09:18] {Threei} ese :)
[09:18] {ese} hey Vad
[09:18] {Onix} hi ese
[09:20] {Threei} be back in 5
[09:25] {Threei} btw, replay is working again, right?
[09:25] {magoo} yup
[09:25] {Threei} k
[09:25] {ese} aaaahhhhhhh....have you ever noticed that coffee tates better in the morning
[09:25] {Threei} lol
[09:25] {ese} thats tastes...
[09:25] {Threei} on watch: CAEI, AIG, GERN, SOLF
[09:25] {Threei} and usual suspects
[09:28] {Threei} GM is going down in flames
[09:29] {cosmo} they needs wings
[09:33] {ese} STEM.....possible long 2.21
[09:34] {ese} invalidted
[09:41] {Threei} Long Setup: FITB .75 if stays above .65
[09:43] {Threei} Long Setup: LVS 7.13 if stays above 7
[09:44] {Threei} FITB over 1:1
[09:45] {Threei} 1:2
[09:46] {Threei} LVS stopped
[09:46] {Onix} ty Vad, i got $45 in FITB
[09:48] {Threei} GS under 10/10 low
[09:54] {Threei} what was that weird spike SSRI
[09:55] {ese} is anyone elses charts not updating properly
06[09:55] * laserdave1 slaps Threei around a bit with a large trout
[09:55] {ese} thats what i mean Vad...charts jumping weird like that....not just SSRI
[09:56] {ese} again MVSN
[09:57] {ese} anyone else having these problems
[09:58] {Threei} don't see anything on anywhere else but SSRI
[09:58] {ese} gotta be something with my data feed then
[10:02] {ese} OK level 2now gone...or very slow
[10:06] {dino} gap fill possibly in making
[10:06] {dino} dji
[10:10] {Threei} Long Setup: UAUA .91 if stays above .80
[10:13] {dino} gs ouch
[10:15] {dino} sm l qld .00
[10:18] {Threei} for such an eventful weekend, market is amazingly quiet
[10:19] {Threei} - US Treasury stands ready to prevenbt systemic failures
[10:19] {Threei} - Sees improvemnts in markets after actions taken by TSY, FED and FDIC
[10:19] {Threei} - Will take months to fund capital purchase transactions
[10:20] {dino} qld stop is lod fwiw
[10:20] {ese} Long STEM 2.09
[10:24] {Threei} UAUA is invalidated btw
[10:24] {Geo} hehe
[10:24] {dino} kbr l .52 stop lod
[10:26] {dino} ctrn bl;ood
[10:29] {ese} out STEM couple of lots....2.21
[10:30] {Threei} wtg
[10:31] {ese} tks...
[10:32] {ese} a quick couple of hundred is good for me today....have an early day....see you all tomorow...
[10:32] {Threei} take care ese
[10:32] {ese} see ya vad
[10:32] {dino} kbr stopped flat, mkt dropping
[10:34] {Threei} market resolved the dilemma of which way to go
[10:34] {Threei} it decided to stay in place
[10:37] {Threei} Short Setup: DIOD 7.04 if big bid is getting hit and if stays under 7.15
[10:41] {dino} fwiw my scanner is all red
[10:41] {Threei} STEM 52 week high
[10:41] {Threei} not something you see often these days
[10:42] {Threei} GERN wakes up too
[10:43] {hawkfan4} AAPL sm 99.45, stop under 99.20
[10:47] {hawkfan4} stopped -.22
[10:48] {hawkfan4} -.27
[10:49] {dino} qld stopped -.36
[10:52] {dino} watching pru, deck, met
[10:53] {dino} cme tagged
[10:56] {Threei} hardcore scalpers can keep DIOD stop above .10
[10:58] {Threei} starts feeling like dump in the making eh?
[11:00] {Threei} watch QID for entry
[11:01] {Threei} closest support with entry around 69 would be around 68.70
[11:01] {Threei} adjust size accordingly
[11:02] {Threei} feels like we are about to get a sizeable flush
[11:02] {Threei} taking QID above 70
[11:04] {dino} feeling same here
[11:05] {lisa_jay} r u in qid vad?
[11:05] {Threei} took 69
[11:11] {Threei} party pooper... world is stimulus-happy
[11:11] {Threei} it's stimuluses all around
[11:12] {Threei} stop to under .90 QID
[11:18] {dino} gj qid
[11:18] {Threei} ty
[11:18] {Threei} half out QID .70
[11:20] {Threei} smacks of such desperation
[11:21] {_maga} an option is that when the Europe's markets working day is finished US will stops the retracement... it occurred often in the last period
[11:23] {dino} there is of course another option
[11:23] {_maga} sure... which one
[11:23] {dino} as mr t would say...."pain"
[11:24] {Threei} lol
[11:24] {dino} couldn't resist maga
[11:24] {Geo} oh mannn
[11:24] {_maga} no prob.... but I can't understand...
[11:25] {dino} just bustin' thats all, gut says up
[11:27] {Threei} QID balance stop is just under 69
[11:27] {Threei} anyone took it btw?
[11:27] {dino} hl l met .15, stop .89
[11:27] {Onix} too crazy for me, sorry
[11:28] {dino} kbr l .48, stop lod
[11:30] {dino} why did you give back somuch vad?
[11:31] {dino} alrighty then
[11:31] {Threei} just different idea of the play
[11:31] {Threei} no trailing for second half, except to b/e
[11:32] {Threei} with attempt to hold it for big size move
[11:32] {dino} i would've trailed tightly once i had .50 on it, and tighter as it went
[11:32] {dino} different ideas
[11:32] {dino} good call in any case
[11:32] {Threei} that's what I usually do
[11:35] {dino} sm l pru .90, stop .47
[11:36] {dino} hmm fast drop
[11:37] {_maga} look at UAUA
[11:37] {Threei} I don't want to
[11:38] {Threei} I know I am going to hate what I see
[11:38] {lisa_jay} lol
[11:38] {Threei} yeah... I was right
[11:38] {_maga} that's better
[11:38] {Threei} why did I look
[11:38] {_maga} solf
[11:39] {_maga} sorry I type the "chat" instead of the "chart"
[11:39] {Threei} if market tunrs around, SOLF is half lot long on 7 break
[11:40] {Threei} but only if we see market strength, higher highs and lows
[11:40] {Threei} this slow churn is not an environment for this type of plays
[11:41] {Threei} btw, ayone played DIOD?
[11:41] {Threei} worked for 1:1 for scalpers
[11:41] {Threei} still in the money
[11:41] {Onix} missed it
[11:44] {lisa_jay} Me too...missed all plays today. Had platform problems carry over from Fri...up and running right now.
[11:45] {dino} missed most of morning here, r.e. issues
[11:45] {Geo} same here...... hardware issues.
[11:45] {_maga} GERN ... couldn't be a candidate too?
[11:47] {Threei} if stem cells sector gets more attention
[11:47] {_maga} tx
[11:47] {Threei} QID over 70
[11:47] {dino} met stopped
[11:47] {Threei} why did I trail that stop at all, lol
[11:48] {dino} kbr stopped
[11:48] {dino} hmmm
[11:49] {dino} you trailing tighter now?
[11:49] {Threei} stopped on that balance and never reentered'
[11:49] {dino} ok
[11:49] {Threei} call me an idiot
[11:52] {dino} i'll owe it to you
[11:52] {dino} dji gap filled
[11:56] {dino} 'pru stopped lots of stops so far
[11:59] {Threei} QID 71 break long
[11:59] {Threei} if stays above .75
[12:03] {dino} dow l .98
[12:08] {Threei} Long Setup: QQQQ
[12:08] {Threei} .01
[12:08] {Threei} stop under 30.90
[12:12] {Threei} 1:1
[12:12] {Geo} out half .11
[12:12] {Threei} take scalp or half out, stop to .99
[12:13] {Threei} what's with LVS
[12:14] {dino} dk
[12:15] {dino} earnings call at 4
[12:17] {Threei} wow
[12:18] {Geo} 1/4 out at 1.5.. .16
[12:24] {Geo} out 1/4 .99
[12:24] {Geo} TY vad
[12:24] {Threei} welcome
[12:33] {KSystems} ZB s 117.15
[12:33] {KSystems} stop 117.21
[12:37] {Threei} C nears 11.30 low from last week
[12:37] {Threei} and 52 weeks
[12:37] {Threei} worth a try short if stays below .40
[12:41] {lisa_jay} trigger is under .30 vad?
[12:41] {Threei} .30
[12:41] {lisa_jay} thanks
[12:47] {Threei} Long Setup: LVS .70 break half lot
[12:48] {Threei} stop under .60
[12:50] {Threei} no worky
[12:50] {lisa_jay} Stopped.
[12:50] {KSystems} but C is
[12:53] {Onix} ss C @ .32
[12:58] {Threei} dino was right
[12:58] {Threei} the onl;y thing is store for today is pain
[12:58] {Threei} is = in
[12:58] {Threei} and more pain
[12:59] {Threei} sprinkled with some boredom on top
[12:59] {Onix} so true!
[13:01] {Onix} must be one of the lowest volume days in a long while
[13:01] {Threei} I'd think you can trail C to .36
[13:02] {Threei} very low so far, yes
[13:12] {lisa_jay} uaua vad?
[13:12] {Threei} I don't understand it today
[13:12] {lisa_jay} Ok, thanks.
[13:12] {Threei} it looks more like long candidate
[13:13] {Threei} but hard to imagine it going up against the market
[13:19] {Onix} stopped C
[13:20] {Threei} you haven't covered any around 1:1?
[13:20] {lisa_jay} Stopped C -4c
[13:20] {Onix} i had it on 11.22 and it turned up on 11.23
[13:20] {Threei} with your entry it was 1:1
[13:21] {Onix} too greedy?
[13:21] {Threei} with the way market trades today...
[13:21] {Threei} I'd say anything beyond 3 cents consitutes too greedy :)
[13:21] {lisa_jay} Today yes.
[13:22] {Onix} :)
[13:22] {Onix} on 200 to 400 shares, 3c is not really worth it
[13:23] {Threei} well, 3 cents is exaggeration
[13:23] {Chaeron} 2 cents? :)
[13:23] {Threei} lol
[13:23] {Chaeron} hi all... been busy.. wasn't trying to be rude
[13:23] {Threei} you don't have to try
[13:24] {Threei} to some it comes naturally
[13:24] {Onix} lol
[13:24] {Chaeron} sigh... it's a gift...
[13:24] {Threei} I know
[13:24] {Threei} I am very gifted
[13:24] {Chaeron} you were blessed abundantly yourself with it too
[13:24] {Chaeron} lol
[13:24] {Threei} exactly... that's how I know yoy when you see you
[13:24] {Threei} umm
[13:25] {Threei} let me try again
[13:25] {Chaeron} yeah... ok
[13:25] {Threei} that's how I know you when I see you
[13:25] {Threei} there
[13:25] {Threei} see?
[13:25] {Threei} just two attempts
[13:25] {Chaeron} :)
[13:25] {Threei} peter will be proud of me
[13:25] {Threei} used to take me 5 tries
[13:34] {Threei} how (*%#)&@# the market should be if the only stock looking good is STEM??
[13:35] {Threei} chaeron... you want to add to my rudeness?
[13:35] {Threei} or you are so rude you'll leave me alone?
[13:36] {Onix} unfortunately, i can't scream too loud over here
[13:36] {Threei} as old russian joke went... use the phone? :)
[13:37] {magoo} they have phones in russia}?
[13:38] {Threei} and TVs
[13:38] {Threei} some even color
[13:38] {magoo} black and white right
[13:42] {Threei} market keeps me way too careful today, sometimes to the disadvantage
[13:42] {Threei} was very tempted to call STEM long around .20
[13:47] {KSystems} i cant believe I'm still in that ZB short
[13:48] {KSystems} *sigh* my machine cant brew coffee in such volumes that I need to stay awake
[13:49] {lisa_jay} What is a ZB?
[13:49] {KSystems} it's the 30years T-Bonds future
[13:49] {lisa_jay} Oh, ok...went right over my head..but thanks.
[13:50] {lisa_jay} I understand the coffee issue though :-)
[13:50] {KSystems} and it's the more important part as well! =)
[13:50] {Threei} lol
[13:53] {Threei} get a feeling we are about to see some relief rally?
[13:54] {Threei} well, rally may be too strong word
[13:54] {Threei} but some creep-up
[13:54] {Onix} creepy-crawly
[13:54] {Threei} Long Setup: DELL .81 if stays above .70
[13:55] {Threei} Long Setup: ADBE as close to 25 as you can get, stop under 24.90
[13:56] {Threei} relief or releif?
[13:56] {Threei} wgere is peter
[13:56] {magoo} relief
[13:56] {Threei} he beat us up for wierd
[13:57] {Threei} so now I can't even type field without looking over my shoulder
[13:58] {dawg} in DELL long .81
[13:58] {magoo} yeah..i know..been rea;l careeful here wiyth spelling
[13:58] {Threei} ADBE got away
[13:58] {dawg} yes it did
[13:58] {Threei} I can see that mags
[13:59] {Onix} in DELL @ .79
[14:09] {dino} ok what did i miss
[14:09] {Onix} took profits too soon this time in DELL: 8c + 10c
[14:09] {Onix} kept 100 shares going
[14:10] {dawg} out 1/2 Dell 1:1
[14:10] {dino} gj
[14:10] {dawg} hello dino tough day
[14:12] {dino} sidetracked for most part
[14:12] {dawg} .)
[14:13] {lisa_jay} Thanks Vad, got 9 and 7c in Dell
[14:13] {Threei} welcome
[14:13] {Onix} thanks Vad, all out DELL
[14:13] {Threei} :)
[14:14] {dawg} in DELL Vad?
[14:14] {Threei} took scalp
[14:15] {dawg} any price target for my last 1/2?
[14:15] {Threei} honestly, no idea
[14:15] {dawg} i'm out then
[14:15] {Threei} I am content with scalps at this point
[14:15] {Geo} all out .92
[14:16] {dawg} .93 OK thanks Vad
[14:16] {Geo} what a sad listless day
[14:16] {Onix} yes we are all crying
[14:16] {Geo} still neg for day
[14:16] {Onix} very sad
[14:16] {Threei} yeah, it's like market was firmly intending to drop big today,
[14:16] {Threei} then this chinese bailout gave it pause,
[14:17] {Geo} y
[14:17] {Threei} not enough to prop it up muc just barely enough to keep it from flush
[14:17] {Threei} so it's still thinking
[14:17] {Threei} but initial burning desire to drop slowly takes over, lol
[14:18] {Onix} took holiday today in the hope of something good happening in the market ... no luck so far
[14:19] {dawg} short DELL .87
[14:21] {dawg} out .81
[14:22] {dawg} 6 cent scalp
[14:22] {Threei} Scalpers R Us
[14:22] {dawg} Yes they are!
[14:24] {dawg} Or yes we are
[14:34] {dawg} short C .25
[14:40] {dawg} stopped C -5 cents
[14:48] {dino} dow stopped -.30]
[14:50] {lisa_jay} Vad, was that a reverse C& handle on QQQQ (with .63 as break), thanks.
[14:51] {Threei} yup
[14:57] {Threei} - Note: Russia reportedly was evaluating an MoU with OPEC last week for greater cooperation
[15:00] {dawg} in Qid 72.51 100 shares
[15:01] {dawg} out .02
[15:01] {Threei} good one
[15:01] {Onix} great job
[15:01] {dawg} watching it like a hawk
[15:01] {dawg} thanks Vad, Onix
[15:03] {hawkfan4} that's how i watch everything :)
[15:04] {dawg} and I am a fan of yours hawk
[15:04] {Geo} sheesh
[15:04] {Geo} slow day :)
[15:04] {lisa_jay} Hawk, R u still in COIN?
[15:04] {dino} gj dawg
[15:04] {hawkfan4} lol, thx dawg
[15:04] {dawg} thanks dino!
[15:05] {hawkfan4} still in 1/3, but sold most 7.10 this morning lisa
[15:05] {dino} fcx sm l .65
[15:07] {dino} sm pru l .10
[15:12] {dawg} long DELL 11.75 small lot
[15:15] {dawg} out DELL 11.80 5 cent scalp
[15:17] {Onix} better than a sharp stick in the eye
[15:17] {Geo} hows day off going onix?
[15:17] {dawg} tired of chewing on my tail
[15:17] {Threei} lol
[15:17] {dawg} .)
[15:18] {Onix} round and round we go to nowhere
[15:23] {Threei} NQ is trying for new low
[15:23] {Threei} but I somehow don't get a feel of selloff coming
[15:24] {Threei} maybe because of ridiculously low volume
[15:25] {Onix} on daily it looks like first day of the next leg down?
[15:26] {Threei} not really
[15:26] {Threei} look at last three days
[15:26] {Threei} red green red
[15:27] {Threei} all bottomingg (so at least) at the esame level
[15:27] {Threei} and volume goes lower and lower each day
[15:27] {lisa_jay} People are expecting the reverse head and shoulders pattern on indexes.
[15:27] {Threei} typical undecisive pattern
[15:27] {Threei} can resolve any way
[15:27] {Threei} technically yes, lisa's correct
[15:28] {Threei} H&S is shaping up
[15:28] {Onix} ty Vad, learning every day
[15:29] {Threei} it's just that so much uncertainty weighs on market
[15:29] {Threei} autoindustry... more bank troubles... new adminustration
[15:29] {amarg} on a reverse H&S graph, how long are u plotting lisa?
[15:29] {dino} heads...we go up
[15:29] {Threei} and tails..?
[15:30] {dino} down
[15:30] {Onix} between our legs
[15:30] {dino} ready?
[15:30] {Threei} wait
[15:30] {Threei} I need a third option
[15:30] {Threei} what is coin remins in the air?
[15:30] {lisa_jay} Amar...not me..just reading what others are saying.
[15:30] {dino} heads it is
[15:31] {Threei} guys, decide on your rsik tlerance,
[15:32] {Threei} I am mentioning my trade but by no means calling it for you
[15:32] {Threei} taking some STEM overnight
[15:32] {magoo} jesus..good flip/system
[15:32] {Threei} hey, it works
[15:32] {Threei} dino, caould youi put your elbow in magoo's ribs on my behalf?
[15:32] {dino} sure
[15:32] {Threei} thank you
[15:34] {Geo} lord vader,,,, we still believe in you
[15:34] {Geo} any calls? :D
[15:34] {Threei} still?
[15:34] {Threei} did I do something to put you on high alert?? :)
06[15:34] * Geo is trying to pry vad from monastry
[15:34] {Threei} my feeling is, mild recovery toward the end of the day
[15:35] {Threei} nothing dazzling
[15:35] {Threei} LVS again
[15:38] {dino} china investment rumor lvs
[15:40] {dino} selling picking up
[15:40] {dino} what the?
[15:40] {dino} it's a "zippy" market
[15:41] {Threei} typical for low volume...
[15:41] {dino} thinl alan from 2 1/2 men, no sense at all
[15:41] {dino} think
[15:41] {laserdave1} magoo dcc when u get a sec
[15:45] {magoo} after bell ok?
[15:45] {Threei} watching if we get Qs pullback to .60 for entry
[15:45] {Threei} in .55
[15:45] {dino} well, if nothing else another 400 pt range dji
[15:45] {Threei} stop under .50
[15:46] {Threei} can I sacrifice 6-7 cents for the common good on last minutes?
[15:47] {dawg} in .61
[15:47] {Threei} you decided to sacrifice 12?
[15:47] {Threei} that's the spirit
[15:47] {dawg} no 10
[15:48] {dawg} .10
[15:48] {Threei} self-sacrifices will be expected from all of us
[15:48] {Geo} Qs closing time vad?
[15:48] {Geo} in .57
[15:48] {Threei} hmmm
[15:48] {Threei} never thought about that, lol
[15:48] {Threei} it's a nasdaq-traded one
[15:48] {Geo} i guess open extended
[15:48] {Threei} I don't expect itt o be any different
[15:50] {Threei} out
[15:50] {Threei} +.13
[15:50] {Onix} gj
[15:50] {dawg} wtg Vad
[15:50] {Geo} heheh all out back in blackkk
[15:51] {Threei} so far dino's coin was right
[15:51] {Geo} .11 TY vad
[15:51] {dawg} out with .71 10 cents thank you Vad
[15:51] {Threei} up, and nothing too earth-shaking
[15:51] {dawg} still going
[15:51] {Threei} weclome sit
[15:51] {Threei} wow
[15:51] {Threei} really
[15:51] {Threei} that's low volume market fior ya
[15:51] {Geo} tough day today..... even my ahem..... quant positions sucked
[15:51] {Threei} STEM is up 12 cents from my entry
[15:51] {Threei} holding
[15:52] {dawg} overnight?
[15:52] {Threei} yes but please
[15:52] {Threei} don't follow blindly
[15:52] {Threei} overnight is overnight, risk is much higher
[15:52] {Geo} Please read our disclaimer at: before proceeding.
[15:52] {Geo} lol
[15:52] {dawg} OK change of plan
[15:53] {Geo} oh mannnnnnn Qs
[15:53] {Threei} having traded STEM as far back as 2001 I think...
[15:53] {Threei} I belueve when there are movements at law-making level concerning setm cells, it has momentum carrying over some time
[15:54] {dawg} also got another 7 cents in DELL scalp
[15:54] {Threei} but you need to be willing to hold it for a swing
[15:54] {Threei} so dfon't touch it if you are not
[15:54] {dawg} staying away
[15:54] {Threei} you are getting good hand at scalping footwork
[15:54] {Threei} stay with your comfort zone
[15:55] {Threei} especially in this market
[15:55] {dawg} thank you Vad staying small great teacher
[15:55] {dawg} thru for the day going to find a car to sleep under
[15:55] {Threei} lol
[15:55] {hawkfan4} lol
[15:55] {cosmo} i stay under my bed sometimes
[15:56] {Threei} I regularly find a cat there
[15:56] {Threei} and it fights me for the space
[15:56] {Threei} so not an option for me
[15:56] {cosmo} get a dog
[15:56] {Geo} sheesh
[15:56] {Threei} so they both could fight me?
[15:56] {Geo} must be a bad day all around
[15:56] {Geo} no more holidays onix !!!
[15:56] {Threei} lol
[15:56] {Threei} let me see
[15:57] {Threei} well
[15:57] {Threei} I am up 3356.56
[15:57] {Threei} sorry
[15:57] {Threei} 356.56
[15:57] {Geo} wot????????????
[15:57] {Geo} ok
[15:57] {Geo} up 26 :)
[15:57] {Threei} too many 3s
[15:57] {Threei} so nothing to qwrite home about
[15:57] {Geo} Qs saved my behind
[15:57] {Threei} jeez
[15:58] {Threei} what'/s with typing
[15:58] {Threei} 336.56
[15:59] {Threei} OK guys, thank you all
[16:00] {dino} out pru flat, holding fcx
[16:00] {Geo} Ty vad
[16:00] {Threei} glad we hold the low
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} maybe we have a chance for uoward to resume
[16:00] {Threei} although with this volume, anything can happen
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {KSystems} Good night Vad
[16:02] {dino} will be light tomorrow, no bond ,market
[16:02] {Onix} ty all, bye
[16:02] {dino} veterans day
[16:07] {dino} gm all

Friday, November 7, 2008

Nov 07 2008

Another "barely in profit" day. Mostly scalps, not much moved for more than that. Day started with couple stops, one of them (on NVDA) especially rude - haven't seen this stock moving in such manner. Just look its intraday chart. SOLF and QQQQ later fixed the damage and took the day in green.

Session Time: Fri Nov 07 00:00:00 2008
[08:35] {_maga} good morning
[08:37] {Threei} Good morning RT
[08:40] {amarg} good morning all
[08:41] {Threei} amar :)
[08:42] {_maga} Vad, could you DCC me?
[08:43] {Threei} did
[08:43] {magoo} morn, no replay i see
[08:44] {Threei} you can too, by doubleclicking my name :)
[08:44] {Threei} hi mags
[08:44] {Threei} no... I forgot
[08:44] {Threei} lol
06[08:45] * magoo slaps Threei around a bit with a large trout
[08:45] {lisa_jay} Hi Vad, Magoo, Amar, Maga
[08:45] {_maga} hi Lisa
[08:46] {Threei} lisa :)
[08:46] {magoo} vad, what did we play afterhrs..can not remember SIGH
[08:46] {Threei} qcom
[08:46] {magoo} ty
[08:46] {Threei} yw
[08:46] {Threei} early onset of alzheimer
[08:47] {Threei} (I can relate, onviously)
[08:56] {magoo} vad, working theory here {i know we wait and see..but u have theory} say pop..drop..
[08:56] {magoo} obama speaks at 2pm..idiot timing for mkt..should speak at 4pm
[08:57] {magoo} now his speach gets jerk reactions
[08:57] {Threei} you know, if I would be a market player with really huge capital
[08:57] {Threei} staying on a sideline at the moment,
[08:58] {Threei} I would never commit a cent before hearing what he has to say
[08:58] {amarg} gm lisa
[08:58] {brian3579} gm all
[08:58] {Threei} If I had a little in the market, I would take it out and wait
[08:58] {Threei} brian :)
[08:58] {Threei} if I were fully commited,
[08:58] {Threei} I would close my eyes, put my hands around my head rock back and forth and pray
[08:59] {Onix} Good morning all
[08:59] {Threei} onix :)
[08:59] {Threei} I mean, this guy is a huge unknown to such a degree
[09:00] {Threei} what he does may amount to nothing but fizzle
[09:00] {Threei} or nothing short of revolution
[09:02] {Threei} I just looked at the chart of ALTH... if you remember what event I was hunting for on this one and totally missed, you'll join me in bitter crying and loud screams
[09:03] {Threei} be back in 5
[09:06] {dino} gm all
[09:07] {_maga} hi Dino
[09:07] {lisa_jay} Hey Dino
[09:08] {Threei} dino :)
[09:09] {cosmo} NVDA pre mkt high = 8.86 fwiw
[09:10] {Geo} gm all
[09:10] {lisa_jay} Hi Geo
[09:11] {dino} :)
[09:11] {ese} morning.......
[09:11] {ese} dino
[09:11] {lisa_jay} Hi Ese
[09:11] {ese} lisa....
[09:13] {Threei} geo, ese :)
[09:17] {ese} reasonable numbers from NVDA last night considering the circumstances and market
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:18] {ese} dp....are you under water this morning
[09:18] {dptl} :) well not yet...but it's still raining like 3rd day
[09:18] {ese} it's raining like crazy here on the island.....
[09:19] {Threei} that's OK, Winnipeg got snow yesterday
[09:19] {dptl} there you not complaining
[09:19] {dptl} :)
[09:19] {ese} hmmmmmmm.....indeed lesser of 2 evils for sure
[09:20] {Threei} so... anyone remembers what that was on ALTH were waited for... or alzheimer strikes broadly?
[09:20] {Threei} we waited for
[09:21] {hawkfan4} 7 break
[09:21] {Threei} prize goes to hawk
[09:21] {hawkfan4} cash is preferred :)
[09:25] {magoo} solars could pop today off his speach vad, more likely to mmention 150 billion in clean energy over 10 yrs plan
[09:27] {Threei} sector to watch, yes
[09:31] {peterg} hello?
[09:31] {Threei} hi peter
[09:32] {Onix} hey peter
[09:32] {Threei} Long Setup: UAUA 15 if stays above .80 and NQ reverses to upside
[09:32] {Threei} risky and jumpy
[09:34] {Threei} why don't you employ them then
[09:35] {Onix} in uaua
[09:36] {lisa_jay} Thanks Vad UAUA 13c on 200 shares.
[09:36] {Threei} lisa likes to start the day with profit
[09:36] {Threei} (can't blame her really)
[09:36] {Threei} market weakens
[09:37] {dino} poru hl l .65
[09:38] {dino} pru
[09:40] {Onix} uaua stopped
[09:40] {magoo} qcom vad...made it all back
[09:40] {Threei} amazing really
[09:41] {magoo} hit 29.80
[09:41] {Threei} bodes well for the beginning of bull market
[09:41] {Threei} bad news get ignored
[09:41] {cosmo} nvda
[09:41] {Threei} Long Setup: NVDA .86
[09:41] {Threei} stop under .70
[09:41] {cosmo} testing .86
[09:41] {magoo} in
[09:44] {Threei} sheesh
[09:44] {dptl} stopped nvda
[09:44] {magoo} i want a free mointh vad
[09:44] {magoo} u killing me
[09:44] {Onix} stopped nvda
[09:45] {amarg} is O a short today?
[09:51] {lisa_jay} trading platform went nuts...looped orders so down for the day.
[09:51] {dino} gap fill coming
[09:52] {dino} pattern has been fill and up
[09:52] {cosmo} CSCO hod
[09:53] {Chaeron} good morning all
[09:53] {Geo} wow chaer
[09:59] {Geo} .
[09:59] {magoo} ..
[09:59] {hawkfan4} ...
[10:01] {magoo} monster spike
[10:02] {dino} out pru .65, +1.00 hl
[10:02] {magoo} c'mon vad..i was kidding
[10:02] {hawkfan4} nice dino
[10:02] {dino} ty
[10:02] {dino} too soon
[10:05] {hawkfan4} not sure why but COIN keeps catching my eye. trying some .55
[10:05] {Chaeron} missed HIG
[10:11] {_maga} looking at forming C&H on MTL
[10:12] {dino} deck?
[10:12] {_maga} to me dino?
[10:14] {lisa_jay} the COIN a swing play or daytrade...was looking at it a swing above 7. Thanks.
[10:14] {dino} no, just letting you know what caught my eye, missed it at .20, just went .80
[10:14] {_maga} ok
[10:15] {hawkfan4} more a swing lisa. looks like it might want to pop back up to between 8 and 9. If it does it today, then daytrade it is :)
[10:15] {dino} hawk the swinger
[10:16] {hawkfan4} swing baby, yeah
[10:18] {Threei} Long Setup: SOLF .36 break, stop under .20
[10:20] {dino} clf sm l .70
[10:22] {magoo} nice SOLF vad
[10:22] {Chaeron} nice one SOLF... missed tho.
[10:22] {dino} out clf .25, +.55
[10:24] {hawkfan4} nice dino, nice vad, nice morning
[10:25] {Geo} in .39 all out .65
[10:25] {Geo} Ty vad
[10:25] {Chaeron} Gasoline prices under $2.00 in TX... nice
[10:25] {Threei} welcome
[10:26] {dawg} still in from 7.40
[10:26] {lisa_jay} Nice one Vad.
[10:26] {dawg} taking 1/2 here
[10:32] {dptl} all out solf ty
[10:32] {Chaeron} Vad, just heard Volker is 82, fyi
[10:32] {dawg} stop to break even on last 1/2
[10:33] {Threei} yes Chaeron
[10:33] {Threei} can't imagine him stocking around for long
[10:34] {cosmo} vogons can live for 200 years ...
[10:35] {magoo} thats vulcans lol
[10:35] {Chaeron} Robert Riesch (sp?) up for nod too...
[10:36] {cosmo} mags.....Hitchhiker's Guide to the Galaxy
[10:39] {dawg} all out SOLF 7.70
[10:40] {dawg} thanks Vad great call
[10:40] {Threei} welcome
[10:43] {ese} long aaapl....
[10:44] {ese} .22
[10:44] {ese} 3/4
[10:45] {ese} out aapl .78
[10:46] {Threei} wtg
[10:46] {ese} +.56 on 3/4 lot
[10:46] {ese} nice way to finnish the week
[10:52] {ese} hmmmmm thought my aapl oreder was going to be rejected....just barely made that one on margin....
[10:52] {Geo} scanners dead here
[10:53] {ese} too much cash now in NVDA and ESLR and bought a couple of lots of CSIQ as well
[10:56] {ese} i think my scanners are dead as Geo.......
[10:57] {ese} oops something moved
[10:59] {ese} hear the one about a guy who put iodine on his paycheck because he got a cut in Pay????
[10:59] {lisa_jay} Lol.
[10:59] {peterg} :)
[10:59] {ese} took a roll of toilet paper to a CRAP GAME????
[11:00] {ese} thouhgt that manual labor was the president of Mexico???
[11:00] {ese} spent 4 days in SEARS looking for wheels for a miscarrage????
[11:01] {ese} had an inate ability to drown in a parking lot puddle????
[11:02] {Geo} lol@ese
[11:02] {ese} good one!!!
[11:02] {Geo} looks like your joke scanner is working :)
[11:04] {ese} ya...well.....some days your standing at the crossing gates....the lights are flashing....but the train just ain't comin???
[11:05] {Geo} I am net 4.87 for the day :)
[11:05] {Threei} GM
[11:05] {Threei} HALTED: NEWS PENDING
[11:05] {Chaeron} rare
[11:05] {lisa_jay} Did they earnings this morning?
[11:05] {ese} thats a right ON geo.....
[11:05] {lisa_jay} *have
[11:06] {Threei} 10:42am [GM] Delaying Q3 results, expects release shortly
[11:06] {ese} bankrupcy?
[11:06] {lisa_jay} Thanks Vad.
[11:07] {magoo} cant be good
[11:09] {magoo} vad, u see a qid trade setting up?
[11:09] {ese} can't be good is you out there hunting with a bow and arrow there mags in questionable conditions.....
[11:09] {ese} we need you the board.......
[11:09] {Threei} with GM unknown ahead, wouldn't take any position in QID
[11:10] {dino} back, kicked out again
[11:10] {dino} hit qcom s .76, cov .36
[11:10] {Threei} as SOLF pulled back into support, watching it for bounce if market reverses
[11:10] {dino} watching athn, deck, clf again
[11:10] {Threei} also APOL
[11:11] {dino} kbr too
[11:12] {lisa_jay} Vad, for supports - U look for an area (or range of 10c)?
[11:12] {lisa_jay} Thanks.
[11:12] {Threei} previous resistance, broken earlier and becoming new support
[11:17] {dino} sm l athn .98
[11:17] {dino} gappy one, careful
[11:17] {magoo} rimm fooled me today
[11:17] {Threei} you want to see ultimate definition of "fooled", look at NVDA chart
[11:18] {Threei} wtf was that?
[11:18] {dino} hey!!!!!!
[11:18] {magoo} and vad...NVDA usually does not move like that
[11:19] {Threei} no
[11:19] {dino} upgraded everywhere today
[11:19] {ese} i'm likin the way NVDA looks ........but thats just me
[11:19] {Threei} GM
[11:20] {Threei} REPORTS Q3 -$4.45 V -$3.70E, R $37.9B V $39.4BE
[11:20] {Threei} - Global market share 13% -0.7% y/y
[11:20] {Threei} - Q3 impairment charge
[11:20] {Threei} - GM reported charges of $652M relating to its commitments as part of Delphi's bankruptcy proceedings, $251M for impairment of investments in GMAC, and $641M in restructuring-related and other charges.
[11:20] {ese} hawk your long a couple NVDA too arn't you?
[11:20] {hawkfan4} i sold before earnings, 8 ish
[11:21] {ese} nice.......
[11:21] {dino} qcom sm s again, .10
[11:27] {Threei} - Even if GM implements the planned operating actions that are substantially within its control, GM's estimated liquidity during the remainder of 2008 will approach the minimum amount necessary to operate its business.
[11:27] {Threei} - Looking into the first two quarters of 2009,the company's estimated liquidity will fall significantly short of that amount unless economic and automotive industry conditions significantly improve, it receives substantial proceeds from asset sales, takes more aggressive working capital initiatives, gains access to capital markets and other private sources of funding, receives government funding under one or more current or future programs, or some combination of the foregoing.
[11:27] {Threei} - The success of GM's plans necessarily depends on other factors, including global economic conditions and the level of automotive sales, particularly in the United States and Western Europe.
[11:27] {Threei} - Expects adjusted operating cash flow in Q4 to be much improved q/q, and more consistent with the first half of the year
[11:27] {Threei} - Will announce further information on liquidity in 8-K later today
[11:29] {Onix} yes GM should do very well, the government is gong to "give" billions, just like AIG
[11:30] {Threei} GM open
[11:30] {Threei} *SEPT PENDING HOME SALES M/M: -4.6% V -3.4%E
[11:30] {Geo} comon vad
[11:30] {Geo} give us some good news.... its friday
[11:31] {Onix} we going for -500 today?
[11:31] {Threei} strangely enough, doesn't look this way fo now
[11:31] {Threei} with this endless carpet-bombing of bad news, market stays green
[11:32] {dino} qcom stopped -.22
[11:32] {Threei} we got job numbers worst ever, GM, housing sales
[11:32] {ese} oversold to my thinking vad.....
[11:32] {Threei} and still no selloff
[11:32] {patience} now who has a never ending supply of money to keep the markets green
[11:32] {Threei} this is price/information divergence
[11:33] {Threei} if not for the major policy speech ahead, I'd say we rally
[11:33] {dino} how bottoms form
[11:33] {Threei} we still may
[11:33] {Threei} exactly dino
[11:33] {Threei} bleakest news posible
[11:33] {dino} time will tell, imo 8100 must hold or all bets off
[11:33] {Threei} yet market refuses to go down
[11:33] {Threei} if this happens today, bottom is in
[11:34] {lisa_jay} Obama at 2 today. Hope he does not disappoint.
[11:34] {Threei} barring speech announcing taxing your breathing and giving proceeds to those who is too lazy to even breathe
[11:34] {dino} disappoint, we still haven't closed positive w/him pres. elect
[11:34] {dino} thats the problem
[11:34] {Threei} GM low from 10/10 is 4
[11:35] {lisa_jay} :-)
[11:35] {magoo} u see how low ford is?
[11:35] {Threei} yeah lisa... what is it he can say that inspires vs disappoints...
[11:35] {dino} athn broken, stopped again, done w/it
[11:35] {Threei} I mean, he talks well
[11:35] {Threei} but is it enough at this stage?
[11:36] {Threei} F is within 4 cents from that low
[11:37] {dino} tax and spend. thats what he will say. giving it to uaw now
[11:38] {Onix} it seems as if the market is teetering on broken crutches ... govenment bailouts propping it up
[11:38] {Threei} market shows some signs of life even with GM dropping
[11:38] {Threei} well Onix... that's a lot of money sitting on sideline
[11:38] {Threei} it needs to find outlet
[11:40] {Onix} true, but with so many people loosing jobs and retail spending going down so much, how can market go up?
[11:40] {Threei} it will when it feels like economy's bottom is in sight
[11:41] {Threei} market is future-discounting mechanism
[11:41] {Threei} it will go up much earlier than economy shows real signs of recovery'
[11:42] {Onix} ok i think i understand a little better now, thanks
[11:42] {Threei} practical outcome of it is,
[11:42] {Threei} smart money will position itself for the recovery in dvance,
[11:43] {Threei} crowd will join only when economy recovers,
[11:43] {Threei} paying much higher prices in the market
[11:43] {Threei} and smart money will be waiting for panic buying by those who feel they miss the train
[11:43] {Threei} and unload into their buying
[11:44] {Geo} in .1 out .3 GM
[11:44] {Onix} like Buffett going for GE @ $27 and it is now @ @19?
[11:44] {Geo} 200 shares only
[11:45] {Threei} ask Buffet why he did it
[11:45] {dino} cls sm l .80
[11:45] {Threei} his time horizons and ability to wait it out are different,
[11:46] {Threei} so are the conditions under which he buys
[11:46] {Threei} as far as I remember, his GS and GE buys were not simply open market investements
[11:46] {ese} outta here for the long weekend all.....take care
[11:46] {Threei} take care ese
[11:46] {Threei} those were preferred shares
[11:46] {hawkfan4} cya es
[11:47] {Onix} true, he got 10% interest deals as well i think
[11:47] {Threei} you or I are not really privileged to buy like that, are we
[11:47] {Onix} no way!!!!
[11:47] {Onix} not me, maybe yo
[11:52] {Threei} Qs is a long off 31
[11:52] {Threei} first strength
[11:53] {Threei} stop under .95
[11:53] {Threei} half out .11
[11:53] {Threei} scalpers get out
[11:54] {dawg} half out .14
[11:54] {Threei} stop .99 for the balance
[11:58] {Threei} stop to .05
[11:59] {dawg} ok
[11:59] {Threei} out 1/4 more .22
[11:59] {Threei} stop to .09
[12:00] {dawg} ok
[12:00] {Threei} trying to milk this one
[12:00] {dawg} still holding 1/2
[12:03] {dawg} out 3/4
[12:04] {Threei} oput in full
[12:04] {Threei} .31
[12:04] {dawg} out inf full
[12:04] {Chaeron} great one Vad... missed that one too tho :(
[12:04] {dawg} .31
[12:04] {dawg} great call Vad thank you
[12:05] {Threei} welcome sir
[12:05] {dawg} .)
[12:07] {dino} gj dawg
[12:07] {lisa_jay} Hawk, COIN up above 7.
[12:07] {dawg} thanks dino Vad's calling em
[12:07] {Threei} with 7 cents stop, that was 1:4
[12:07] {lisa_jay} Vad, no trades for me...something is happening with my platform.
[12:07] {magoo} nice one vad..u are BACK!
[12:08] {Geo} lol
[12:08] {Threei} you took it mags?
[12:08] {Geo} cN YOU SAY FICKLE?
[12:08] {dino} you pulled the trigger tho
[12:08] {Geo} oops
[12:08] {hawkfan4} :) im liking it, thx lisa
[12:08] {Threei} lisa... what's happening?
[12:08] {dawg} you had some great ones today also dino
[12:08] {Geo} what platform?
[12:08] {dino} running about 50/50, but up
[12:09] {dawg} good dino!
[12:09] {lisa_jay} Looping of orders...they are fixing. Say I am up, and flat.
[12:09] {magoo} yes boss
[12:10] {Threei} I am yet to understand this... but whatever :)
[12:10] {Threei} I mean, 2 stops?
[12:10] {Threei} so what?
[12:10] {Threei} 15 cents and 20 cents
[12:11] {Threei} then SOLF comes around for about 30 cents
[12:11] {Threei} Qs for about the same
[12:12] {Threei} such emotional peaks and valleys... snow whites
[12:13] {Geo} snowwhites
[12:13] {Geo} lol
[12:13] {Geo} i am going to use that on someone today
[12:13] {Threei} I prefer trout- swinging unemotional badly shaven cowboys
[12:13] {Threei} (ladies excluded)
[12:13] {Geo} yeah that would be one sight
[12:13] {Geo} umm you prefer them vad?
[12:14] {Threei} as a trading comrades
06[12:14] * magoo slaps Threei around a bit with a large trout
[12:14] {Threei} and if you think of more comments in that direction, be careful
[12:14] {Threei} there you go
[12:14] {Geo} comrades seems to the word these days
[12:14] {Threei} magoo is back too
[12:14] {magoo} i only shave sunday nite..go all week
[12:14] {Threei} (thank goodness)
[12:14] {dino} i see and i prefer beer over wine
[12:14] {hawkfan4} i finally gave up and grew a beard
[12:14] {Geo} i treat my beer like wine
[12:14] {magoo} but by friday..must unless out huntin'
[12:15] {Geo} i swirl it in the bottle before drinking
[12:15] {dino} lol
[12:15] {magoo} i thought u were female hawk ROFLOL
[12:15] {Threei} I need chaeron's confirmation that you are not pouring champagne in your beer geo
06[12:16] * Chaeron slaps Geo around a bit with a large trout
[12:16] {hawkfan4} lol :)
[12:16] {Geo} you never heard of the bearded lady magoo?
06[12:16] * hawkfan4 slaps magoo around a bit with a large trout
06[12:16] * Geo slaps hawkfan4 around a bit with a large trout
[12:16] {Threei} - Company is significantly challenged by the economic environment.
[12:17] {dino} oh contrare. these auto companies have been challenged for 10+ year
[12:17] {Geo} can we just cancel all govt pensions
[12:18] {Geo} youdd see some serious shrinking :)
[12:18] {Geo} no one will apply
[12:19] {Threei} aside of general economy standing and people's desire and ability to buy their cars,
[12:20] {Threei} they face huge challenge on the path to financial health: all the social obligations
[12:20] {Threei} unions, health benefits, pensions
[12:20] {Threei} they would have to trim a lot of fat to becomne leaner and healthier
[12:20] {Threei} now,
[12:20] {Threei} does it go in line with new prez program?
[12:22] {dino} what should happen is bankruptcy, common worthless, union contracts voided, etc. bondholders get new common and string survive. whatever happened to capitalism?
[12:22] {dino} strong
[12:22] {dino} too much capacity
[12:23] {Threei} capitalism discredited itself dino... haven't you heard?
[12:23] {Threei} brotherly love is in
[12:23] {Threei} you are magoo's keeper
[12:24] {elpaso} dino, democracies are not historically long lived. when the majority start to vote themselves benefits at the expense of the state it is shortly finished.
[12:24] {dino} dino walks away from it all
[12:24] {Threei} I go with you
[12:24] {Threei} I bring beer
[12:24] {Threei} tell magoo to catch up as soon as he skins the deer
[12:25] {Threei} atlas is about to shrug elpaso, eh?
[12:26] {dino} ok to the cabin
[12:28] {magoo} just packing the backstraps vad...wait up and crack me a brew
[12:28] {Threei} I promise
[12:29] {Threei} COIN does look good hawk... beautiful find
[12:29] {magoo} i loikre rimm sh off 49..
[12:29] {hawkfan4} thanks, so far so good
[12:31] {Threei} what are they all doing today?
[12:31] {Chaeron} hey... were you guys going to leave without me?????/
[12:32] {dptl} is that a long weekend?
[12:32] {dino} don't tell him
[12:32] {Threei} we were going to spread bread crumbs, chaeron
[12:32] {Threei} lol
[12:32] {Threei} no dp
[12:33] {Chaeron} oh well, I'll just keep my Vodka
[12:33] {dino} ok, tell him
[12:33] {hawkfan4} lol
[12:33] {Chaeron} you guys forget I bartended for many years and am handy to have around.........
[12:37] {dino} handy to have around...hmm i gues he could wait on us
[12:38] {elpaso} I don't know about that Threei, one thing that amazes me about western democracies is that there are many generous wealthy people. More than Ms. Rand imagined.
[12:39] {Chaeron} Wait on you? Wait on this:
06[12:39] * Chaeron slaps dino around a bit with a large trout
[12:40] {Threei} well... we shall see in fullness of time...
[12:40] {Threei} I just have this nagging suspicion that it's one thing to give when you can
[12:40] {Threei} and completely another to be made to give, without asking your opinion
[12:41] {dino} ouch...not sure we want that attitude
[12:42] {Threei} I lived in society where distribution was as even as you can get
[12:42] {Threei} not oretty
[12:42] {Threei} motivation is zero
[12:43] {Threei} lazy bastards are kings
[12:43] {Threei} hard workers are slaves
[12:43] {dino} want proof, rent to a couple section 8 tenants, ugh!
[12:44] {dino} never again, nice homes wrecked in weeks, then they complain stuff is broken and brag that they are knocked up w/o marriage, because they get more govt checks
[12:44] {magoo} quit referring to me as lazy
[12:45] {Chaeron} magoo, you rent from dino?
[12:45] {Chaeron} :))
[12:45] {dino} lol
[12:46] {dino} not anymore he doesn't
[12:46] {Threei} rofl
[12:46] {Chaeron} not since he was knocked up..
[12:46] {dino} :)
[12:49] {peterg} you guys are on a Friday roll! :)
[12:54] {Threei} lol
[12:58] {dino} you should see magoos rolls, more than bakery
[12:59] {Threei} anyone did a few SOLF scalps on bounces?
[12:59] {Threei} or no one pays attention?
[12:59] {magoo} actually..i hit fslr twice
[12:59] {Threei} how did it take it?
[13:02] {lisa_jay} Solf Scalps Vad? How to play them?
[13:03] {Threei} look at 1 min
[13:03] {Threei} bounces from clear support levels
[13:03] {Threei} roughly coordinated with market moves
[13:03] {Threei} first time when it dropped into .40, I mentioned it
[13:03] {Threei} it went over .60
[13:04] {Threei} then did a few of the same kind of bounces from .30 and .20
[13:04] {dino} clf stop to .28
[13:06] {lisa_jay} Ok, thanks Vad.
[13:06] {dino} to .39
[13:07] {lisa_jay} Is this type of set up more likely to work on certain days vs others?
[13:08] {dino} out +.59
[13:10] {Threei} it's quite standard setup lisa
[13:11] {Threei} just gotta observe and make sure it's happening
[13:11] {Threei} stops are failry tight on this kind
[13:11] {Threei} you buy very close to support, so your stop in just under
[13:11] {lisa_jay} Do we wait for the strength to enter?
[13:11] {Threei} watch it right now:
[13:11] {lisa_jay} Ok
[13:11] {Threei} it retreated into .20 support,
[13:12] {Threei} NQ weakness took it there
[13:12] {Threei} now, NQ reverses, so should SOLF
[13:12] {Threei} watch NQ, keep your finger on a trigger with limit .25-.26
[13:13] {Threei} NQ upticking, big bid jumped in
[13:15] {lisa_jay} Paper trading this Vad, Stop where?
[13:15] {Threei} .20 if getting hit
[13:15] {Threei} if we had bids just under .20, then stop would there
[13:15] {lisa_jay} Thanks
[13:15] {Threei} but there are none at the moment
[13:15] {Threei} so have to exit if .20 getting sold
[13:17] {Threei} - Declines in housing prices are not over yet, home prices adjust downward very slowly.
[13:17] {Threei} - Government intervention has unintended consequences, yet taxpayers are helped when failing banks are taken over
[13:17] {Threei} - Markets remain fragile despite intervention, although there have been signs of improvement since the implementation of TARP began. Compensation rules under TARP "have teeth.", prudent acquisitons by participating banks are reasonable
[13:17] {Threei} - Prudent banking mergers could be beneficial. Treasury does not want to micromanage banks. Treasury will not exercise voting rights in banks
[13:17] {Threei} - Remarks that National Debt remains in acceptable boundaries
[13:19] {Threei} how come this guy just won't go away
[13:19] {elpaso} threei, is there something about the way solf trades in spurts that you like? the level 2 is easy to read when its not moving much.
[13:20] {Threei} well, I like stocks that trade more smoothly as a rule
[13:20] {Threei} but it's personality is different
[13:22] {Threei} market is hesitant
[13:22] {Threei} need NQ to break 1270 for the trade to gain legs
[13:26] {hawkfan4} QLD .19, stop .07
[13:28] {magoo} barak got mkt on freeze here
[13:29] {Threei} here comes NQ
[13:29] {Threei} here comes SOLF
[13:29] {magoo} u in
[13:29] {Threei} .22
[13:29] {Threei} don't chase
[13:30] {Chaeron} I got .26 a bit ago... :(
[13:30] {Threei} that's fine
[13:30] {Threei} no buying now
[13:30] {Chaeron} oh ok... *whew*
[13:30] {Threei} next spike is exit, so now room for new buys
[13:31] {Threei} and if NQ gives up and .30 geting hit, get out
[13:31] {Chaeron} you mean NO room for new buys?
[13:31] {dawg} also in from .26 back aways
[13:31] {Threei} right
[13:34] {Threei} hmmm
[13:34] {Threei} ho.56 print was above the market, lol
[13:34] {Threei} someone's eager
[13:35] {Threei} .36 print
[13:35] {magoo} dammit..that was my entry
[13:36] {Threei} lol
[13:36] {Threei} NQ loses will to live
[13:38] {Threei} magoo... no need to buy all SOLF there is, really
[13:38] {Threei} what's with those huge positions
[13:39] {Threei} or was that your partial
[13:41] {Threei} - Remarks that the US is still creating 'toxic' assets, sees Q4 GDP down 'significantly'{
[13:41] {Chaeron} out... +.01
[13:41] {Chaeron} have to run out for a sec
[13:41] {Threei} didn't qwuite work out, but you see how safe it was?
[13:43] {hawkfan4} stopped qld -.13
[13:54] {lisa_jay} yes. Thanks for going over it Vad.
[13:57] {Chaeron} try SOLF again here?
[13:58] {Threei} looks fine chart wise, but the closer we are to the speech, the less meaningful are moves
[13:59] {Threei} imagine prez saying we go solar all in,
[13:59] {Threei} thing explodes to 8 or 9 or 15 or whatever
[13:59] {Threei} imagine him saying, well, money's tough, will have to put it on hold for now
[14:00] {Threei} thind drops to 2
[14:00] {Threei} lol
[14:01] {hawkfan4} i'd give it a try at 2
[14:01] {lisa_jay} :-)
[14:03] {magoo} sell the news reaction to speach is my bet
[14:08] {magoo} well..we are learning obama ios not punctual
[14:08] {hawkfan4} 2:30, cnbc has a countdown clock going
[14:10] {Threei} if solars get traction off the speech, ESLR .40 break
[14:11] {cosmo} what if he says energy should be free and then push Telsa technology
[14:11] {cosmo} ?
[14:12] {dino} obama getting cocky, making us wait
[14:12] {cosmo} the president is near...
[14:14] {Chaeron} you heard what he said he does after making a speech in front of large crowds, no? He "loves to watch them (crowd) watching me."
[14:15] {cosmo} does he give them stage fright?
[14:16] {Chaeron} lol
[14:16] {dino} why not wait until after close
[14:16] {Threei} isn't it a myth cosmo?
[14:16] {Threei} oh wait
[14:17] {Threei} since when it stopped us from implementation
[14:17] {cosmo} yes...first you do the myth, then the math...
[14:17] {Threei} enter sthanol
[14:17] {Chaeron} dino... I agree... I'd be mad even if my guys would have been elected
[14:17] {Threei} ethanol
[14:18] {cosmo} harness the ionasphere
[14:19] {cosmo} ...for all
[14:22] {Threei} Pickens appeared on TV yesterday, commenting on Obama's energy plan
[14:22] {Threei} if they find commmon ground, CLNE could be a beneficiary
[14:23] {Chaeron} California voters kicked Picken's plan right out the door
[14:23] {Threei} yeah
[14:23] {Threei} he sauid again we will pay 300/barrel soon
[14:23] {Threei} sigh
[14:24] {cosmo} for vodka
[14:29] {Threei} scalp off .20 would have worked again
[14:29] {Chaeron} on SOLF?
[14:29] {Threei} yeah
[14:29] {Chaeron} I'm in .23
[14:29] {Threei} cool :)
[14:29] {Chaeron} stalking ESLR
[14:29] {dawg} still in from .26
[14:30] {Threei} APOL is one more possible beneficiary
[14:30] {dino} you have to admit, he's killing the trading afternoon here
[14:31] {Threei} totally
[14:31] {Threei} ok, it's 2:30
[14:31] {dino} you know, regarding the vodka, $300/barrel isn't bad, whats a barrel, 55 gallons?
[14:32] {elpaso} obama running 10-15 minute late bill clinton redux
[14:33] {Geo} .
[14:33] {Chaeron} What did you expect with Emmanuel? LOL
[14:33] {Threei} rofl
[14:33] {Threei} offering SOLF .42
[14:34] {Threei} maybe just time to take scalp and relax
06[14:34] * Chaeron stabbing steak knife in table over and over again saying "Die!", "Die!", "Die!".... pretty good imitation, eh Threei? :)
[14:34] {Threei} hmmm
[14:35] {Chaeron} not of you.......
[14:35] {Threei} sold
[14:35] {dawg} out all
[14:35] {Threei} wtg
[14:35] {Threei} you chaeron?
[14:35] {Chaeron} still in
[14:35] {dawg} Thanks Vad
[14:35] {Threei} welcome
[14:35] {Threei} aren't you greedy one chaeron
[14:35] {Geo} wow dawg youre the best newcomer in this room by far
[14:36] {dino} gj dawg, you da man
[14:36] {lisa_jay} :-)
06[14:36] * Geo reevaluates his impression of dawgs for vad's benefit
06[14:36] * Threei puts on his decoder ring
[14:38] {dawg} Thanks dino you are really the man though
[14:39] {dawg} Thanks Geo just hanging on to Vad's shirttailss
[14:40] {Geo} arent we all :)
[14:40] {dawg} .)
[14:40] {Threei} that's one disturbing image
[14:40] {Geo} you better have a strong shirt vad
[14:40] {Onix} is
[14:40] {Threei} and reliable dry cleaning service
[14:41] {Onix} Is ESLR still valid at .40 break?
[14:41] {Threei} it's pretty much Obama policy play
[14:42] {Threei} rather than on its own merits
[14:42] {Onix} ok ty
[14:42] {Threei} let' hear what he has to say
[14:42] {Threei} if he is going to say anything
[14:42] {Threei} 12 min late
[14:42] {Chaeron} get use to it
[14:43] {cosmo} hey...first date
[14:44] {Threei} if it was my date - flowers would already go to a litter basket and I would already be calling next in the list
[14:44] {lisa_jay} eslr borke
[14:45] {dino} ohhh mannn swiper, just lost hour of trades, hope not how he does every news alert
[14:45] {Geo} ? dino ?
[14:46] {Geo} lost due to news or stop loss?
[14:46] {Threei} well... we did make money on SOLF today, which is entirely his play
[14:46] {dino} lost because no new trades until he's done
[14:46] {Threei} new prez I mean
[14:46] {Geo} yeah :(
[14:46] {dino} killing my style
[14:46] {Geo} up 27.7... was hoping to get some last our...... :(
[14:46] {cosmo} he's still trying to get out of a position
[14:46] {dino} better not be a pattern or will lose afternoons
[14:46] {dino} lol cosmo
[14:47] {dino} just enter a hard stop tell him
[14:48] {Threei} lol
[14:48] {Threei} CNN says
[14:48] {Threei} he is taking "president is late" tardition to a hwole new level
[14:48] {cosmo} you wouldn't want a pres that does hard stops
[14:49] {Threei} Russian troops marched through Red Square in a diverse array of uniforms to commemorate the anniversary of Stalin's most famous wartime speech
[14:49] {Threei} Staalin's cult is being re-born
[14:50] {Geo} ok so where is the one?
[14:50] {Threei} that one you mean
[14:50] {Geo} lol
[14:50] {Threei} here they are
[14:50] {Geo} i have web stream.... so lag
[14:51] {cosmo} the whole staff?
[14:51] {Geo} 15 member economic advisory i guess
[14:52] {cosmo} volker looks good...
[14:52] {Geo} nothing like fresh power for the heart
[14:54] {magoo} he he short bidu 218.06 out 217.12
[14:54] {magoo} i second
[14:54] {magoo} one
[14:54] {Threei} lol
[14:54] {magoo} 300
[14:55] {Onix} wtg
[14:55] {magoo} sell the news
[14:55] {Onix} magoo & bidu
[14:55] {Threei} economic stimulus
[14:55] {magoo} scalpers regrett comith
[14:56] {Threei} - Notes need for a rescue package for middle class,
[14:56] {Threei} - Needs extension of unemployment benefits, fiscal stimulus plan
[14:56] {Threei} 20 cents scalp UAUA
[14:57] {dino} mkt falling
[14:57] {Threei} - Remarks that transition team is working on additional policies to assist auto industry
[14:58] {Chaeron} man... that was short...
[14:59] {dino} -100
[[14:59] {Geo} weight of chains
[15:00] {Threei} nice greeting by markets
[15:00] {dino} you know patience......
[15:00] {cosmo} looks more...presidential
[15:00] {Threei} feels like another red day in the making
[15:00] {Geo} yup
[15:00] {Geo} shorting shorts
[15:00] {dino} bets? red close
[15:00] {patience} red it is
[15:01] {Chaeron} qid
[15:02] {Threei} sheesh solf
[15:02] {Threei} chaeron, you took your profit??
[15:05] {magoo} crashing mkts
[15:05] {Chaeron} yep... .15... small due to airpocket and stupidity
[15:05] {Onix} the crutches are slpping
[15:06] {Chaeron} and damn... missed QID on retracement... I suck today
[15:06] {magoo} just shorted rimm .50 to .12
[15:06] {Chaeron} nice mags
[15:06] {magoo} and U said i was no go
[15:07] {Chaeron} *I* did????? never... said you were lazy and pregnant, but never said "no go"
[15:07] {dino} idiots, "what kid of dog will you buy?"
[15:07] {Threei} what kind of dog are you going to buy for your kids
[15:07] {Threei} that's the question
[15:07] {Threei} way to go
[15:08] {Threei} world MUST know
[15:08] {Geo} which news service?
[15:08] {Chaeron} Freakin' media
[15:08] {Geo} i wanna know that
[15:08] {Threei} to unsubscribe?
[15:08] {dino} real important, they are celebrities not servants of the public
[15:08] {Geo} i only pay for WSJ and econo
[15:08] {dino} and he's talking about it
[15:08] {Threei} mama mia
[15:08] {dino} my god
[15:08] {Chaeron} for minutes now
[15:09] {Threei} he answers it in greater details than economic questions
[15:09] {Chaeron} not PUBLIC SCHOOL?????????????
[15:09] {Chaeron} what the heck????????
[15:09] {cosmo} hairless dog?
[15:09] {Chaeron} what did you call me cosmo??????
[15:09] {Threei} lol
[15:09] {Geo} better than what ya called magoo
[15:09] {Chaeron} heheh.... true
[15:09] {Geo} but it was good :)
[15:10] {Chaeron} so bad he didn't even trout me... he's in corner crying and licking wounds
[15:10] {magoo} magoo wypes away tears anbd....................
[15:10] {Geo} lke me yesterday
06[15:10] * magoo slaps Chaeron around a bit with a large trout
[15:10] {Chaeron} thanks you girly-man
[15:10] {Chaeron} teasing
[15:10] {Chaeron} I love ya bro
[15:11] {cosmo} i wanna hear stock symblos
[15:11] {Chaeron} market moved up on dog comments...
[15:12] {magoo} ROFLOL
[15:12] {Geo} petco?
[15:12] {magoo} [15:12] {Chaeron} market moved up on dog comments...
[15:12] {Threei} yup, PETS went up about 20 cents
[15:12] {Chaeron} we might close green because of it
[15:13] {Threei} I don't care what you say, I am impressed with depth of preparation and amassed knowledge for buying a dog
[15:14] {Geo} they are all dogs vad
[15:14] {dawg} scalped 10 cents out of UAUA
[15:14] {Threei} wtg dawg
[15:14] {dawg} Thank you sir!
[15:14] {cosmo} i would have guard dogs
[15:15] {Threei} so, aside of dog
[15:15] {Threei} stimulus package is certainty
[15:15] {Threei} auto industry help too, but that was kind of given
[15:16] {cosmo} works projects programs, i say
[15:16] {cosmo} infrastructure
[15:17] {cosmo} 1930's had it
[15:18] {cosmo} CAT
[15:18] {dino} yes, fwlt, sgr, mdr
[15:18] {dino} kbr
[15:19] {cosmo} but not hal
[15:19] {dino} no, i think hal will be snubbed
[15:20] {dino} they are mostly oil now
[15:20] {dino} and cheney will go back there
[15:30] {Threei} new lows are coming
[15:30] {Threei} QID on pullbacks if you can get a rid on fast moves
[15:32] {Threei} got .27
[15:33] {Threei} not ready yet
[15:34] {dawg} 10 cent scalp PETM petsmart in .80 out .91
[15:34] {lisa_jay} :-)
[15:34] {Threei} lol
[15:34] {dawg} arff.)
[15:35] {dino} lol
[15:36] {dawg} .)
[15:37] {Chaeron} guys... gotta go... have a good long weekend... oh and magoo?
06[15:37] * Chaeron slaps magoo around a bit with a large trout
[15:37] {Threei} take care chaeron
[15:37] {magoo} u too bud:0
[15:37] {magoo} oh WAIUTTTTTTTTTTTTT
06[15:37] * magoo slaps Chaeron around a bit with a large trout
[15:38] {Chaeron} :)
[15:38] {dino} cya chaer
[15:57] {magoo} vad..u here ? its important
[15:57] {peterg} I read yesterdays log and appreciate the mention of my humble self
[15:57] {Threei} what? your "have a good weekend" slap?
06[15:57] * magoo slaps Threei around a bit with a large trout
06[15:57] * magoo slaps Threei around a bit with a large trout
06[15:57] * magoo slaps Threei around a bit with a large trout
[15:57] {Threei} there... how did I know that
[15:58] {Threei} peter :)
[15:58] {peterg} Lucy sets up the football
[15:58] {hawkfan4} have a good weekend all
[15:59] {magoo} u been doing great peterg
[15:59] {Threei} thank you all
[15:59] {peterg} thks mags
[15:59] {Threei} have a good weekend, see you all on Monday
[15:59] {lisa_jay} Thanks Vad.
[15:59] {dino} later all
[15:59] {lisa_jay} Bye Dino.
[15:59] {dino} :)
[15:59] {magoo} bye all..have good weekend
[15:59] {lisa_jay} Bye Magoo
[16:00] {dawg} thanks all!
[16:00] {lisa_jay} See ya dawg
[16:06] {dptl} have a good weekend all

Thursday, November 6, 2008

Nov 06 2008

Session Time: Thu Nov 06 00:00:00 2008

[08:16] {Threei} Good morning
[08:16] {Threei} sea of red all over the globe
[08:17] {dawg} Morining
[08:17] {lisa_jay} Hi Vad.
[08:17] {Threei} dawg :)
[08:17] {Threei} lisa :)
[08:17] {dawg} :)
[08:19] {Threei} 11/06/08 07:38am
[08:19] {Threei} [LVS] Las Vegas Sands Corp Files mixed securities shelf ASR
[08:19] {Threei} - We will use the net proceeds we receive from the sale of the securities offered by this prospectus for general corporate purposes, unless we specify otherwise in the applicable prospectus supplement. General corporate purposes may include our construction and development projects in Las Vegas, Macao, Singapore and Pennsylvania, additions to working capital, capital expenditures, repayment of debt, the financing of possible acquisitions and investments or stock repurchases.
[08:29] {Threei} #s in one min
[08:30] {Threei} oh, and ECB cut rates by .50
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 481K V 477KE; CONTINUING CLAIMS: 3.843M V 3.743ME
[08:37] {amarg} gm all
[08:37] {Threei} amarg :)
[08:40] {_maga} good morning all
[08:40] {Threei} maga :)
[08:48] {hawkfan4} good morning
[08:48] {Threei} hawk :)
[08:57] {dptl} good morning all
[08:57] {Geo} gm all
[08:58] {Threei} dp, geo :)
[08:59] {wishbone} hello & good morning
[08:59] {Threei} wishbone :)
[08:59] {hawkfan4} vad, i'm pretty much taking the week off, but i caught your qid trade yest afternoon, thx
[09:00] {Threei} good to hear hawk :)
[09:00] {Threei} squuezed full buck out of it?
[09:00] {hawkfan4} best part is i kept half thru csco, sold 69.50, +4 :)
[09:00] {Threei} you bird of prey
[09:01] {hawkfan4} :)
[09:01] {Geo} canada is in g7?
[09:01] {patience} someone swat geo
[09:03] {Geo} funny news.... turns out 150k shopping was not enuff.... she took her family and made aides charge their personal cards...... 40k + for first dude....
[09:04] {Geo} they are finding out now as aides asking fo reimbursement
[09:09] {lisa_jay} Vad, if I had Q's and NQ's which would be a better to watch intraday?
[09:09] {Threei} NQ is usually a bit ahead but not crucial
[09:09] {lisa_jay} Ok, thanks.
[09:10] {Threei} if NQ feed onstitutes additional expense, might as well skip it
[09:10] {lisa_jay} I use think or swim platform for charting...they have it for free.
[09:11] {dino} gm all
[09:11] {Threei} dino :)
[09:11] {lisa_jay} Hi Dino.
[09:11] {Geo} hey dino
[09:11] {dino} :)
[09:12] {magoo} morn
[09:13] {magoo} no pev posts?
[09:13] {magoo} previous
[09:13] {Threei} magoo :)
[09:13] {lisa_jay} Am I seeing correct pre market quote...or is LVS back at 8
[09:13] {Threei} replay doesn't work?
[09:13] {magoo} not here
[09:13] {hawkfan4} nope
[09:13] {dino} 8 it is
[09:14] {Threei} ty, will as support to reset server after market
[09:14] {ese} good morning
[09:14] {Threei} ese :)
[09:14] {Geo} hmm
[09:14] {Geo} worked for me
[09:14] {Onix} Good morning all
[09:14] {Threei} Onix :)
[09:14] {Geo} oops no it didnt had it on overnight
[09:14] {Geo} sorry
[09:15] {Geo} want me to dcc it magoo?
[09:15] {magoo} no ty....i dont read it anyway he he
[09:15] {dino} lol geo
[09:15] {Geo} lol
[09:16] {Geo} had news for you dino
[09:16] {Geo} dccced :)
[09:21] {Threei} watching WFC as a short candidate
[09:22] {cosmo} CSCO pre mkt high = 16.83 fwiw
[09:23] {dino} lisa, lvs "going concern", real$
[09:23] {Threei} C another possible short
[09:23] {Onix} WFG @ 28.80 Vad?
[09:24] {Threei} no setup yet
[09:24] {Threei} just a acandidate to watch at this point
[09:24] {Onix} ty
[09:25] {lisa_jay} Thanks Dino
[09:27] {Threei} generally, working assumption so far is continuation of yesterday's selling
[09:28] {Onix} a beautiful bounce here for WFC hey?
[09:31] {magoo} still thinking short WFC vad?
[09:31] {ese} ATVI
[09:32] {Threei} Short Setup: WFC 29.90 break half lot if stays under 30.15
[09:33] {dawg} in wfc
[09:33] {Onix} in
[09:34] {magoo} in .02
[09:34] {dino} tbsi l .65, stop lod
[09:35] {Threei} Short Setup: C 12.44 if stays under 12.60
[09:35] {dino} drys sm l .30, stop .94
[09:36] {Threei} stopped WFC
[09:36] {lisa_jay} Stopped WFC.
[09:36] {dawg} stopped wfc
[09:36] {Threei} quite a recovery in the market
[09:36] {dptl} stopped wfc
[09:36] {magoo} me too
[09:37] {magoo} too fast too
[09:37] {dino} ci sm l .30
[09:42] {Threei} LVS
[09:42] {amarg} uaua is looking good, any trade?
[09:42] {Threei} on pullback, maybe
[09:42] {Threei} not a stock for chasing
[09:43] {Threei} there you go
[09:43] {Threei} 30 cents drop in one gasp
[09:44] {Threei} Long Setup: VPHM half lot 13.10
[09:45] {Threei} if big offer gets eaten
[09:45] {Threei} and if stays above 12.90
[09:45] {Threei} UAUA did that teleprotation thing again
[09:46] {Threei} if you watch it carefully and act very quickly, this is almost constant pattern on it
[09:47] {Threei} offer moved up on VPHM...
[09:47] {Threei} moving target
[09:48] {Threei} tough one, let's probably drop it
[09:48] {lisa_jay} ok
[09:49] {dino} drys stopped -.36
[09:49] {dino} tbsi stopped -.40
[09:49] {dino} blew the scalps, idiot award to diono today
[09:50] {magoo} wfc vad short?
[09:50] {Threei} no setup
[09:51] {magoo} loss 50?
[09:51] {Threei} and I don't like how it retreats just a tad while market drops
[09:51] {Threei} something's not right with this short
[09:52] {Threei} at some point it will work but so far each retreat looks more like a trap
[09:54] {Threei} look at this market drop and WFC barely losing 20 cents and immediately bouncing back
[09:54] {Threei} UAUA
[09:54] {Threei} bounce candidate off .50
[09:55] {lisa_jay} To short or long?
[09:55] {Threei} bounce after drop is long
[09:56] {lisa_jay} Ok, thanks.
[09:56] {Geo} half out .68
[09:56] {Threei} if got it, take scalp here
[09:58] {Threei} UAUA short became available for laser
[09:58] {dino} fwlt sm l .75
[09:58] {lisa_jay} Vad, with this kind of bounce plays, 10c stop?
[10:00] {Threei} this is generalization lisa
[10:00] {Threei} with this particular play, idea would be to enter around .50 with stop under .40
[10:01] {lisa_jay} thanks.
[10:02] {Threei} huh?
[10:07] {Threei} Short Setup: ADBE .60 breakdown if stays below .75
[10:09] {Threei} invalidated but short idea is still there
[10:09] {Threei} looking how to modify it
[10:10] {dino} ci stopped. taking break
[10:10] {Chaeron} good morning all
[10:10] {Threei} chaeron :)
[10:10] {lisa_jay} Hi Chaeron.
[10:11] {ese} CCCCCHHHHHHH.....
[10:11] {lisa_jay} Geo you still in UAUA?
[10:13] {Geo} what? no.... was all out at 80
[10:13] {lisa_jay} Ok, thanks.
[10:13] {Threei} Short Setup: ADBE .90 breakdown if stays below 26
[10:15] {Threei} 1:1, cover half or take scalp
[10:15] {Onix} i was too late for ADBE this time
[10:18] {magoo} probs here today on our side
[10:23] {magoo} hello??
[10:23] {lisa_jay} Magoo?
[10:23] {magoo} ok..ty
[10:23] {magoo} was booted out
[10:29] {lisa_jay} Now the Adbe works...
[10:29] {magoo} what u lookin at vad?
[10:29] {Threei} all around... trying to find anything readable
[10:31] {dino} fwlt stopped
[10:36] {Threei} Short Setup: ADBE .54 breakdown if stays below .70
[10:36] {dino} -7.5% since tuesday's close, getting close, imo
[10:36] {Threei} at some point support should stop holding finally
[10:37] {Threei} somarket could flush down
[10:37] {dino} support hasn't been holding 700 pts in 1.3 days
[10:38] {dino} 8900 area i'm watching for
[10:38] {Threei} I am talkihng about this particular ADBE setup
[10:38] {dino} other than that i show 8144
[10:38] {dino} ok, sorry
[10:38] {dino} :)
06[10:38] * Threei hits ADBE over the head with 2x4
[10:39] {magoo} magoo kicks adbe in groin
06[10:39] * Threei hits ADBE over the head with 2x4 endowed with nails
[10:39] {dino} dino just walks away
[10:39] {Geo} sheesh
[10:39] {magoo} magoo kicks in b@lls
[10:39] {Geo} what a pacifist bunch
06[10:39] * Threei hits ADBE over the head with 2x4 endowed with rusty nails
[10:40] {magoo} adbe punches magoo in face
[10:41] {Threei} ok, flush in progress
[10:41] {dawg} in adbe
[10:41] {dptl} in.52
[10:41] {Threei} enough of those bounces market... just drop
[10:41] {Onix} in ss ADBE @ .58
[10:42] {_maga} in ADBE .54
[10:42] {Onix} just 100 shares though
[10:43] {Onix} 3 losses in a row makes me skittish
[10:43] {Threei} see geo... violence works
[10:43] {Geo} half out
[10:43] {Threei} half out ADBE
[10:43] {Threei} scalpers know what to do
[10:44] {dawg} half out adbe
[10:44] {Threei} magoo... congratulations on a quality violence
[10:44] {Threei} stop .61 for the balance
[10:45] {magoo} :)
[10:45] {Threei} or .55 if you are extremely skittish
[10:45] {_maga} out +0.2 tx vad!!
[10:45] {Threei} welcome sir
[10:45] {lisa_jay} 22c thanks Vad.
[10:45] {Threei} welcome sirlisa :)
[10:46] {Threei} another leg of flushdown is coming
[10:46] {Chaeron} ADBE s in .53, out .31 - +0.22, thanks Vad, nice oue Lisa
[10:46] {Chaeron} one
[10:46] {Threei} is it right word? is there such thing as flush up?
[10:46] {Geo} only in australia
[10:46] {Threei} ah
[10:46] {Chaeron} heheh...
[10:46] {lisa_jay} ?
[10:47] {lisa_jay} Thanks Chaeron.
[10:47] {Threei} for those who still hold half: ideally would like to see ADBE remaining under .50,
[10:47] {dptl} +.15 adbe ty
[10:47] {Threei} then with market further drop it's likely to test closer to 25
[10:48] {Threei} unless we get extreme panic I don't expect ADBE to lose 25
[10:48] {Chaeron} can we please do that again? :)
[10:49] {Threei} was eyeing UAUA .80 break for long
[10:49] {Threei} look what it did
[10:49] {Threei} there was no way to buy it anywhere within 5 cents from .80
[10:49] {Chaeron} *sigh*
[10:49] {Threei} it just beamed itself up
[10:49] {Threei} ok, so far so good ADBE, .50 held
[10:50] {Threei} now want to see a new low and then sharp down to under .20
[10:50] {Threei} I think you can safely trail the stop to .51
[10:50] {Threei} if it goes over .50, not interested in what happens next
[10:51] {Chaeron} requiring violence again?
[10:52] {Threei} it's early morning still... gotta save some energy
[10:52] {dino} 8890 support dji imo
[10:52] {Threei} that 2x4 is heavy, you know
[10:53] {Threei} let's try gentele threats instead
06[10:54] * Threei sends ADBE a box with three dead fish
[10:55] {hawkfan4} AAPL small .38, stop under lod, swing
[10:55] {Threei} OK, this is either last attempt to resist the inevitable for NQ, or it's a double bottom
[10:55] {magoo} long rimm sm .98
[10:56] {Threei} in any case, ADBE stop is still above .50
[10:58] {Threei} for double bottom case,
[10:58] {Threei} Long Setup: QQQQ .08
[10:58] {Threei} stop under 31
[10:58] {magoo} in q
[10:58] {cosmo} rescued ....sigh
[10:58] {Threei} ADBE is done for now
[11:00] {Threei} Qs 1:1
[11:01] {magoo} first exit rimm .40 area
[11:04] {magoo} needs mkt
[11:04] {Threei} so far so good, low volume pullback
[11:06] {Threei} Qs bottom out here and break .20, you are golden with your RIMM
[11:06] {magoo} exit 2 would be like 60-70 area
[11:07] {dino} tbsi l .03, drys l .35
[11:07] {Threei} no .20 break so far
[11:07] {Threei} if loses .10, bets are off
[11:08] {Threei} off they are
[11:08] {magoo} gotta scalp
[11:08] {magoo} nuttin holds
[11:09] {cosmo} holding breath here
[11:09] {magoo} stopped rimm
[11:09] {magoo} 'sheesh
[11:10] {dino} 8890
[11:11] {hawkfan4} man, USO monthly chart. Took 5 months to undo the 13 month rally
[11:12] {magoo} very wounded market still
[11:12] {magoo} we are too retest lows
[11:12] {magoo} maybe not this week..but soon
[11:15] {laserdave1} Market bottom in?
[11:16] {magoo} does not feel like it
[11:16] {Threei} yeah, if Qs lose .90, more downside most likely
[11:17] {Threei} oil is quite a story hawk, yeah
[11:17] {Threei} a lot to learn from it about how maarkets really work
[11:18] {Threei} let's try and structure our action for more flush case
[11:18] {Threei} .88 Qs short if stays under 31
[11:19] {Threei} according play on ADBE is .27 short if stays under .45
[11:25] {dino} what!!!!!!!!!!!
[11:25] {Chaeron} great... he blew our short at the last second
[11:25] {Threei} lol
[11:25] {Threei} those french
[11:25] {lisa_jay} Invalidated?
[11:25] {magoo} hesjust collaborating w/germans
[11:26] {Threei} for now yes
[11:26] {magoo} no..hes been since 40's vad
[11:26] {Threei} lol
[11:26] {Threei} I am answering lisa :)
[11:26] {magoo} oh
[11:30] {magoo} aapl is still the tell people
[11:30] {dino} sm risky l deck .05
[11:30] {dino} wide
[11:31] {Threei} - July rate hikes let us cut rates today
[11:31] {Threei} now that's funny
[11:31] {Threei} every economist in the world says July hike was a big mistake
[11:31] {magoo} can we get negative rates?
[11:31] {Threei} so the way to justify it is, we can today since we raised back then
[11:31] {Threei} we can cut today
[11:32] {dino} yes magoo, ask japan
[11:32] {Threei} how about NOT raising back then, saving a lot of grief?
[11:32] {laserdave1} cmon markets
[11:32] {laserdave1} let davy call this one
[11:34] {dino} c'mon markets, davy needs a new pair of shoes
[11:36] {magoo} coffeeeeeeeeeeeee
[11:36] {Threei} that k,ind of cups action
[11:36] {Threei} who wants to commit to anything ahead of major policy speech
[11:37] {dino} he's going to kill us w/taxes and handouts. auto industry next. should let them file pre-packaged banruptcy instead of throwing $ at them
[11:38] {magoo} STOPPPPPPPPPPPP
[11:38] {magoo} not today
[11:38] {dino} lol
[11:38] {Threei} have a look at GM
[11:40] {Onix} getting ready for government bailout?
[11:40] {dino} or end of days
[11:40] {Threei} I vote for end of days
[11:40] {Threei} that would be a relief
[11:40] {Onix} the beginning of the end?
[11:41] {Threei} all I want is to get advance warning
[11:41] {dino} 8 ball bounce coming
[11:41] {Threei} so I could enjoy thoroughly what time's left
[11:41] {magoo} me too vad..i want end of days
[11:41] {Onix} like Cramer said: "I am waiting for the world to stop ending"
[11:41] {Threei} you know... pillaging... drinking heavily... harrassing strangers passing by
[11:41] {magoo} i want everyone to suffer with me
[11:42] {Onix} yes, misery loves company
[11:42] {cosmo} I'm hold out for geo-cosmic cataclysm....fwiw
[11:42] {Threei} cutting down trees so no one susspects a tree hugger in me
[11:43] {dino} and remember boys, gieing is easy, it's the living thats tough
[11:43] {dino} dieingh
[11:43] {dino} dieing
[11:43] {Threei} dying?
[11:43] {magoo} OY
[11:43] {Onix} that too
[11:43] {dino} ther it is, knew it looked wrong
[11:43] {dino} slap me peter
[11:44] {dino} so far 8 ball right 40 pts
06[11:44] * magoo slaps dino around a bit with a large trout
[11:44] {Threei} peter is not here today... he can't stand our spelling for more than two days in a row
[11:44] {dino} yahoo tells msft, "make us an offer", just a few months ago it was 35, lol
[11:45] {Onix} now I feel a little better: got .35 & .48 in UAUA
[11:45] {Threei} wow, nice exit
[11:45] {Onix} ty
[11:46] {lisa_jay} In from where Onix?
[11:46] {Onix} 15.02
[11:46] {lisa_jay} Wow, nice entry.
[11:46] {Onix} ty
[11:46] {Threei} if you watched UAUA just now, you saw teleportation setup
[11:46] {Threei} quick to .31 and right back above .40
[11:47] {Onix} yes, quite crazy sometimes
[11:47] {magoo} whreres q eresistance?
[11:47] {Threei} same .20 as before
[11:47] {dino} gj onix
[11:47] {cosmo} hmmm ...UAUA and teleportation....
[11:47] {Threei} look at 1 min UAUA
[11:47] {Threei} see those long tails?
[11:49] {Threei} OK, Qs
[11:50] {Threei} preparing breakout
[11:50] {Threei} .21 long
[11:50] {Threei} low of current pullback will show the stop level
[11:51] {magoo} and then q next level vad?...34?
[11:52] {Threei} depends...
[11:52] {Threei} can't tell for now
[11:52] {lisa_jay} Current low .06 Vad?
[11:52] {Threei} yes but I would like to see somewhat higher consolidation
[11:52] {Threei} so we could place tighter stop
[11:53] {Threei} JPM
[11:53] {Threei} sigh
[11:54] {Threei} every time market tries to do asomething, some of these endlessly yapping guys comes out and spoils everything
[11:54] {Threei} anyone got this one on UAUA?
[11:55] {Threei} or you don't oay attention?
[11:55] {magoo} too fast vad
[11:56] {cosmo} 15.15 tail?
[11:56] {Threei} yes
[11:56] {Threei} .18 -.19 was obtainable
[11:56] {cosmo} k
[11:56] {Onix} got busy with an urgent email and missed that one
[11:56] {magoo} anyone like USO long?
[11:57] {Threei} .26 in UAUA
[11:58] {Threei} .46 out
[11:58] {Onix} wtg boss!
[11:58] {lisa_jay} Why does it not teleport when I am in?
[11:58] {Onix} exactly!?
[11:58] {Threei} one time when I had a chance to post it as close to real time as this tactic allows
[11:59] {Threei} how do you enter lisa?
[11:59] {Threei} if you watched this one, have you seen this move under .30?
[11:59] {lisa_jay} .00 break....never tried your way.
[11:59] {Threei} absolutely out of nowhere
[11:59] {Threei} well, that's different approach altogether
[11:59] {lisa_jay} yes
[12:00] {Threei} this one is not so clear cut
[12:00] {Threei} since it goes with market
[12:02] {Threei} in
[12:02] {Threei} stop under .10
[12:02] {magoo} how many shares?
[12:02] {dawg} in
[12:03] {Threei} I do 1000
[12:03] {Threei} stops are tight enough with this tactic
[12:03] {Threei} out
[12:03] {dawg} out
[12:03] {Threei} comparing notes dawg?
[12:03] {Threei} whathca got?
[12:04] {Threei} .17 - .19 here
[12:04] {dawg} 200 shares out .31
[12:04] {Threei} with exit .29 and .31
[12:04] {dawg} yes
[12:05] {tomg} in .18 and out .32 ty vad
[12:05] {dino} gj
[12:05] {Threei} wtg tom
[12:05] {Geo} my univ which is rather well funded put in a hiring freeze till 1st july
[12:06] {Threei} this is making my day guys
[12:06] {Threei} not hiring freeze
[12:06] {Threei} lol
[12:06] {dino} you guys are doing well
[12:06] {magoo} in now?
[12:06] {Threei} I mean, seeing how you find plays using mehtodology I decsribe
[12:06] {magoo} oh
[12:06] {Threei} instead of simply going with my calls
06[12:06] * Geo has one more month of only vad's calls
[12:07] {Threei} now... meHTodology? deCSribe?
[12:07] {Threei} can you say dyksleqsik?
[12:07] {lisa_jay} Vad, do you lay out the exit?
[12:07] {Threei} usually not,
[12:08] {Threei} keep exit price about 5-7 cents above entry and keep finger on sell button
[12:08] {ese} outta here.....just a watchin day for me....have a great rest of the day everyone.
[12:08] {Threei} take care ese
[12:08] {ese} see ya vad
[12:09] {Threei} missed this time UAUA while yapping
[12:09] {dawg} got it at .11
[12:09] {Threei} out?
[12:09] {dawg} in
[12:09] {dawg} in
[12:09] {Threei} no, I mean out yet?
[12:09] {dawg} oh, no still in but doesn't look good
[12:10] {Threei} market drops
[12:10] {Threei} keep .05 stop
[12:10] {dawg} thanks OK
[12:10] {Threei} better get shaken out than caught into big drop
[12:11] {dawg} yes thank you
[12:12] {Threei} should jump over .20 now with any market help
[12:12] {Threei} come on NQ
[12:12] {dawg} looking for .29 to greedy?
[12:13] {Threei} don't know... it's a highly fluid situation
[12:13] {dawg} OK
[12:13] {Threei} gotta evaluate it on second by second basis
[12:14] {Threei} here comes help
[12:14] {dawg} out .23
[12:14] {Threei} wtg
[12:14] {dawg} Thanks Vad.
[12:14] {Threei} welcome sir
[12:15] {Threei} good case this time,
[12:15] {Threei} was slow enough to allow real time comments on thinking process
[12:15] {Threei} well, if you can call this thinking
[12:15] {dawg} Yes with your coaching that was the key
[12:16] {lisa_jay} Selling off market.
[12:16] {Threei} that Qs setup may be back
[12:16] {Threei} with one more little bounce
[12:16] {dawg} Keeping eye out
[12:16] {Threei} .87 short if stays below 31
[12:17] {lisa_jay} adbe too Vad?..
[12:17] {Threei} when action slows down I will have one gereal coment on this UAUA tactic
[12:17] {Threei} yes ADBE
[12:18] {Threei} .27 short if stays under .45
[12:19] {magoo} i didnt realize we are 300 down
[12:20] {Chaeron} wow...was I lagged
[12:20] {Chaeron} am I here now?
[12:20] {Threei} yes
[12:20] {Chaeron} shoot
[12:20] {Chaeron} I mean, uh, great!
[12:21] {Threei} you just connected
[12:21] {Threei} [12:20] *** Notice -- Client connecting on port 7044: Chaeron
[12:21] {Chaeron} thanks
[12:21] {Chaeron} I thought noone was chatting and was in limbo the whole time... miss anything?
[12:21] {Threei} let's see when you lost the room
[12:22] {Threei} [11:43] *** Notice -- Client exiting: Chaeron ( [Connection reset by peer (TCP/IP connection broken)]
[12:22] {dawg} in Q's
[12:22] {lisa_jay} Both triggered
[12:22] {Threei} 40 minutes... I'll say
[12:22] {dptl} in .87
[12:22] {dawg} yes
[12:22] {Threei} ok market
[12:22] {Threei} let's flush
[12:22] {Threei} or as some politicians would say, flush baby flush
[12:23] {Threei} too sharp...
[12:23] {Threei} hate it when they move so sharply yet don't reach 1:1
[12:24] {Threei} getting torn between waiting for normal r/r and taking profit on a sharp move
[12:25] {Threei} ok, better
[12:25] {_maga} I'm in ADBE short from .27
[12:25] {_maga} am I correct?
[12:25] {Threei} yes
[12:25] {_maga} ok
[12:25] {dino} -9.5% since tues close
[12:26] {Threei} cover half at least here ADBE
[12:26] {Threei} stop to above .30
[12:26] {dino} should be setting up buy the dips
[12:26] {dawg} out first half .78
[12:27] {dawg} 1:1 Q's
[12:27] {_maga} ADBE .12 to me full out ( for commission...)
[12:27] {Threei} ohhh
[12:27] {Threei} forgot you opay those insane rates
[12:28] {_maga} yes.... but not forever..
[12:28] {_maga} tx Vad
[12:30] {Threei} new lows
[12:30] {dptl} ou qqqq.75 ty
[12:30] {Threei} :)
[12:31] {lisa_jay} Thanks Vad, got 7 and 8c on Q's and ADBE...did not mange trade properly.
[12:32] {Threei} ok... consider it a confiodence builder... you get free pass for now :)
[12:32] {lisa_jay} Wow, left a lot on the table..oh well.
[12:33] {dawg} still in half Q's out here Vad?
[12:33] {Threei} no, I closed
[12:34] {dawg} OK i'll close out too
[12:34] {Threei} with my yapping, I was a little late on entry, so risk was somewhat higher than I like
[12:34] {dawg} ah
[12:38] {lisa_jay} Wow, ADBE broke 25.
[12:41] {Threei} some bounce isa bound to happen now but we are not done selling yet
[12:42] {amarg} bounce today?
[12:42] {magoo} .
[12:42] {Threei} right now, already in progress
[12:42] {Threei} don't chase anything
[12:43] {magoo} uaua vad?
[12:43] {Threei} can't tell here mags
[12:46] {dino} 9653 to 8754 in dan and half
[12:46] {dino} wow
[12:46] {dino} day
[12:47] {magoo} maga or mags boss?
[12:47] {Threei} s
[12:48] {dino} maybe w/obama markets never go up
[12:48] {amarg} The potential bounce you earlier mention in progress, was that in overall market, or a particual stock?
[12:48] {dino} so in 10 days at zero
[12:48] {Threei} market and those stocks that follow it
[12:48] {Threei} like ADBE
[12:49] {Threei} I like the thought dino
[12:50] {dino} thought youwould
[12:51] {amarg} good call vad on the bounce, now will you let me know when its ready to turn the other way
[12:52] {dino} of course he will amarg
[13:06] {_maga} a
[13:07] {hawkfan4} b
[13:07] {Threei} ok
[13:07] {magoo} s
[13:07] {Threei} I am game
[13:07] {Threei} c
[13:07] {Threei} magoo, go study alphabet
[13:08] {Threei} or I am telling peter
[13:08] {_maga} with the music..
[13:09] {magoo} no what sux..we never learned it backwards...and they use that as a dui test..say alpha backwards..heck, i cant do that sober
[13:09] {lisa_jay} Lol
[13:09] {Threei} Ok... I will never ever let you know that I can't do it either way... backwards or forward
[13:10] {Threei} beyond first 8 letters
[13:10] {Threei} which I know because I used to play chess
[13:11] {magoo} king to queens level 3
[13:13] {Threei} cosmo, geo, chaeron... hurry to make major purchases
[13:14] {Threei} who else is in Cal
[13:14] {Geo} crap
[13:14] {Geo} my sequioa
[13:14] {Geo} i am moving to washington
[13:17] {Threei} not sure what happened with LVS
[13:18] {amarg} uaua bounced up and down back in middle again, from graph looks long term buy?????
[13:18] {Threei} what time frame?
[13:19] {Threei} daily? intraday?
[13:20] {amarg} intraday in middle, daily seems like a buy, if it breaks around 16 you think?
[13:20] {Threei} I can't answer in general, too many variables
[13:20] {amarg} but it may be down now due to overwhelming weight of market
[13:20] {Threei} how does it go to 16, in a slow steady way or in a sarop spike?
[13:21] {Threei} what is pil doing at the moment?
[13:21] {Threei} what is general market doing at the moment?
[13:21] {amarg} I was looking at the graph, latest daily pull back is on declining volume
[13:22] {hawkfan4} WFMI interesting on 11 break maybe
[13:22] {Threei} problem with UAUA is, it's not your usual stock
[13:22] {Threei} it's a major airline subjected to so many external factors
[13:23] {Threei} you can't fully rely on charts alone
[13:23] {Threei} take a look at daily,
[13:23] {Threei} run from under 4 to 16
[13:23] {Threei} was there much in charts to indicate that?
[13:23] {Threei} then drop all the way back to 5
[13:24] {Threei} to 16 again
[13:24] {amarg} i see
[13:24] {Threei} wth going on with LVS
[13:25] {laserdave1} maga dcc
[13:25] {amarg} by the way, curious, at 11.42 when everthing was headed down, what indicator gave you a reading that market is ready to reverse?
[13:26] {Threei} 12:42 you mean
[13:26] {Threei} EST
[13:27] {Threei} NQ made little double bottom, started breaking the peak between two bottoms
[13:27] {Threei} really felt like market was going to get some relief
[13:28] {Threei} but nothing outstanding, selling never became climactic
[13:28] {Threei} so it was mostly: close short, don't go long, wait for new setups to shape up
[13:28] {amarg} 12.42est right, NQ is nasdaq I guess
[13:31] {Threei} right
[13:32] {_maga} laserdave1 did you say something to me? what "dcc" is?
[13:32] {Threei} private message maga
[13:32] {Threei} doubleclick on his nick, you will see it
[13:32] {_maga} ah ...tx
[13:33] {Threei} jeez
[13:33] {Threei} look at LVS
[13:34] {Threei} this thing hurt a lot of people today I bet
[13:34] {lisa_jay} Yup
[13:36] {lisa_jay} We sure had some good times with LVS while it lasted.
[13:36] {Threei} next bus is always around the corner
[13:38] {dino} going for -500 again
[13:43] {dino} drys...canter cuts to hold 12:33 pm
[13:43] {dino} thanks guys, we are only down from 120
[13:43] {dino} value added
[13:43] {Geo} hi does any one use a good pc timer........? i want to set some alarms
[13:44] {dino} nope
[13:44] {Threei} alarms?
[13:44] {lisa_jay} ha
[13:44] {Geo} as in 10 mins befor close etc
[13:44] {Threei} as in, intraday signals or kind of scheduling thig?
[13:44] {Threei} oh
[13:45] {Geo} i get distracted at work
[13:45] {Threei} try Swift to-do list
[13:45] {Threei} it has free version
[13:45] {Threei} set reminder with sound and pop up,
[13:45] {Geo} yup thats what i want
[13:46] {Geo} thanks
[13:46] {Threei} every day when alarm goes off it offers you an option to remind you again next day
[13:46] {Geo} hmm they seem to have som e cool stuff
[13:46] {Geo} TY vad
[13:47] {Threei} tell me if you find something else... I never looked :)
[13:47] {Threei} my to-do list has some permanent things like
[13:47] {Threei} - don't forget to make money today
[13:47] {Geo} i like smartsleep
[13:47] {Threei} - end of the world, check whether it's today or rescheduled
[13:48] {Onix} lol
[13:48] {Threei} one I canceled recently was:
[13:49] {Threei} swear at Alan Greenspan, 10 am every day
[13:49] {Onix} you don't like Uncle alan?
[13:49] {Threei} nope
[13:49] {Chaeron} Obama is goin got have him in his cabinet
[13:50] {Chaeron} (teasing)
[13:50] {Geo} lol
[13:52] {Threei} tight slow market
[13:52] {Threei} we know what comes next right?
[13:53] {lisa_jay} ?
[13:54] {Threei} violent move
[13:54] {magoo} 2pm crash
[13:54] {Chaeron} I wasw goin got say loose and fast
[13:54] {Geo} wow i just got an email from TTn saying they were increasing my sub to 95
[13:54] {Geo} hmmmm
[13:54] {Geo} you guys got it?
[13:55] {magoo} actually..2 pm is more contra hour
[13:56] {magoo} as in up today
[13:56] {Onix} is this a head-fake breakout with a crash to follow soon?
[13:56] {magoo} contrary move hour
[13:56] {Threei} anyone's guess onix
[13:56] {magoo} then down after 3
[13:56] {Threei} magoo probably got it right
[13:57] {magoo} magoo faints after readinbg vads post
[13:58] {Chaeron} me too... sign of end of times...
[13:59] {dino} anything can happen
[13:59] {Chaeron} yeah, but magoo being right??
[13:59] {Threei} oh come on
[13:59] {Chaeron} (you know I'm teasing bro)
[13:59] {Threei} I saw a flying cow yesterday
[13:59] {magoo} l rimm .70
[13:59] {Chaeron} during tornado season doesn't count
[14:00] {Threei} well, why can't nmagoo be right suring that same season?
[14:00] {magoo} 49.24 target
[14:00] {laserdave1} dcc maga and magoo
[14:00] {dino} lol chaer
[14:01] {Threei} dave, make up your mind
[14:01] {Threei} maga, magoo... next thing you'll ask maguette to talk to you
[14:02] {Threei} bastid won't even lower himself to respond to me eh?
06[14:02] * Threei slaps laserdave1 around a bit with a large trout
[14:03] {magoo} we arte busty talking about you badly
[14:03] {Threei} oh that I don't doubt
[14:03] {Threei} don't mind either
[14:04] {Chaeron} hope you're not "busty" magoo... if so, lay off beer for a bit
[14:04] {dino} roflol
[14:04] {Threei} now it's my turn to faint
[14:05] {magoo} oops, darn typing
[14:05] {Threei} dying laughing here
[14:05] {Chaeron} and do some pushups for goodness sake
[14:05] {Threei} good one chaeron, I missed that
[14:05] {magoo} dieghing laugh here
[14:05] {magoo} kicking rimm here
[14:06] {magoo} saw 49 prints
[14:06] {lisa_jay} UAUA double bottom Vad?
[14:08] {Threei} not sure what to make of it
[14:08] {Threei} magoo
[14:08] {Chaeron} it's official: "worst post-election market performance in US history"
[14:08] {Threei} something's wrong
[14:08] {Threei} RIMM doesn't follow market as it should
[14:08] {Threei} be careful
[14:08] {magoo} yeah..aapl went a point here
[14:08] {Threei} really chaeron?
[14:08] {Chaeron} yep... just heard on radio news
[14:09] {Geo} guys when you have time.... does anyone else use TTN and are rates going up too?
[14:10] {Threei} geo, why don't you e-mail or call Joe and talk to him?
[14:10] {Geo} do we have a room rate vad before i call
[14:10] {Threei} there is a discount if you signed up through our banner
[14:10] {Chaeron} 401K's slated to be taken by feds and placed more likely in US Bonds... whooopee... 2-3% guaranteed... all that capital going to the govt???
[14:10] {Geo} i did
[14:10] {Geo} ok TY
[14:11] {Threei} I don't remember the %, go to member area and look please
[14:11] {Geo} will do thanks
[14:11] {Threei} chaeron, I read it was one suggestion
[14:11] {Threei} to be discussed
[14:11] {Threei} I find it hard to believe they would do that
[14:11] {Chaeron} of course... nothing firm... thinking of consequenses
[14:12] {Threei} just imagine all the seling that hits the markets
[14:12] {Chaeron} I know that
[14:12] {Threei} I mean, if we have people at the helm who really want to finish this thing off...
[14:12] {Chaeron} but knowing that, why would they even suggest? It shows knee-jerk reactions to problems already... no thought before suggesting
[14:13] {Threei} then, as outgoing prez said, "this sucker is going down"
[14:13] {Chaeron} you still want to get that tiki bar and run it in Bora Bora with e Vad?
[14:13] {Chaeron} me
[14:14] {Threei} only if I get to drink while pour
[14:14] {Chaeron} like I care
[14:15] {dino} goes w/o saying
[14:15] {Chaeron} dino and magoo going to run the fishing boat for the tourists?
[14:16] {Threei} that's dptl
[14:16] {Threei} dino and magoo will probably want to run housing accomodations
[14:16] {dino} yes, that will be fine
[14:17] {Geo} can i run the hoochy house?
06[14:17] * Geo is an upright kinda guy
[14:17] {Threei} we will need madam as well?
[14:17] {magoo} geos wife
[14:18] {dino} uh oh
06[14:18] * lisa_jay slaps Geo around a bit with a large trout
06[14:18] * lisa_jay slaps magoo around a bit with a large trout
06[14:18] * lisa_jay slaps Threei around a bit with a large trout
[14:18] {dino} magoo deserved that
06[14:18] * lisa_jay slaps dino around a bit with a large trout
06[14:18] * lisa_jay slaps Chaeron around a bit with a large trout
06[14:18] * Threei crawls under the nearest rock
[14:19] {magoo} magoo kicks him out..find own rock
[14:19] {Geo} tch tch magoo
[14:19] {Geo} i am doing this all to escape the wife
[14:19] {Geo} why you bringing her there?
[14:19] {magoo} u are right geo..she should work it instead lol
[14:19] {dino} good point
06[14:20] * Threei crawls under the next rock, but not before barricading magoo's rock with wall of mud
[14:21] {dino} you remind me of patrick on sponge bob
[14:24] {Geo} ..
[14:24] {magoo} uh..c?
[14:24] {dino} aciw
[14:25] {Threei} huh?
[14:25] {Threei} they don't know?
[14:25] {Threei} they "believe"?
[14:26] {Threei} too much brain power went into inclusion of wooden arrows in TARP?
[14:27] {magoo} stopped rimm .58.-.12
[14:27] {Threei} I swear, of all govermental programs of all times and nations, none was screwed up so badly as this
[14:29] {dino} give them time they will compound the screwiness
[14:29] {Onix} it is more clear than ever before that they have no clue what they're doing
[14:30] {dino} if it wasn't an election year, they would've let capitalism work itself out
[14:30] {Onix} unless Paulson quickly wanted to help out all his buddies at GS etc. before the world comes to an end
[14:31] {dino} still amazed they all keep their jobs
[14:32] {dino} up or down?
[14:32] {dino} up i say, end day -150
[14:33] {dino} ask me why vad
[14:33] {amarg} how did you come up with that dino?
[14:33] {dino} why not
[14:33] {lisa_jay} May by sell off last hour and your -500?
[14:34] {dino} indeed, lisa, indeed
[14:34] {dino} but it may not too
[14:34] {Threei} most likely, yeah
[14:35] {amarg} 20 minutes ago I thought it was headed to close at -150 but it's reversed
[14:35] {Onix} no, everyone expects another sell-off, so they will run it up today ... ha-ha
[14:36] {dino} we may do both
[14:37] {dino} ok, finally out deck .30, +1.25
[14:37] {lisa_jay} Great.
[14:37] {lisa_jay} Job
[14:37] {dino} ty
[14:37] {magoo} vad u believe this guy?? +buck
[14:37] {Onix} you totally amaze me dino!
[14:37] {Threei} ")
[14:38] {dino} just lucky, and of course, all that clean living
[14:38] {Onix} i wish i had some of your guts
[14:38] {Threei} some?
[14:39] {Onix} actually oall or more
06[14:39] * Threei provides Onix with anatomy atlas so he could pick which ones he wants
[14:39] {Onix} roflol
[14:39] {lisa_jay} :-)
[14:39] {magoo} he could spare some of it believe magoo
[14:39] {Threei} hmmm
[14:39] {Threei} we are in rally mode now?
[14:40] {magoo} [14:35] {Onix} no, everyone expects another sell-off, so they will run it up today ... ha-ha
[14:41] {magoo} [14:39] {magoo} he could spare some of it believe magoo
[14:42] {dino} you don't have to say it twice magoo
[14:44] {magoo} but i doi
[14:44] {magoo} look rimm vad...bastard
[14:44] {Threei} yeah
[14:44] {dino} kbr l .75
[14:46] {dino} having data issues w/quotes
[14:46] {Threei} need quotes?
[14:46] {magoo} yeah..i refuse to yell them
[14:46] {Threei} KBR .70 .71
[14:48] {dino} ty back
[14:50] {Threei} watch UAUA if NQ spikes
[14:50] {Threei} has a run to about .20 from hgere
[14:50] {magoo} in
[14:51] {Threei} .03 here
[14:51] {magoo} 08
[14:52] {dawg} .05 here
[14:52] {Threei} come on market one more sharp spike
[14:52] {Threei} good boy
[14:52] {Threei} your turn UAUA
[14:53] {dptl} in .07
[14:54] {dino} one more? stii have 150 to go
[14:54] {Threei} I won't mind
[14:55] {Threei} ugh
[14:55] {magoo} the ONLY time tried it
[14:55] {dptl} out.....bad day ...baddddd
[14:58] {Onix} now this market is totally confused!
[15:05] {cosmo} we need the obama rescue plan
[15:05] {magoo} hardly..tankng is it
[15:09] {dino} the 150 went the wrong way
[15:10] {lisa_jay} Selloffs are happening so fast...The longs set up..and then bam selling.
[15:14] {magoo} come on mav...engage
[15:16] {elpaso} dec 330 straddle in goog would be $6100
[15:18] {elpaso} sorry, wrong board
[15:18] {wishbone} it's no good good
[15:18] {Threei} Short Setup: QQQQ .69 if stays below .75
[15:19] {Threei} trying to find shoert entry for the final flush
[15:19] {Threei} may take a few tries
[15:19] {Threei} invaidated
[15:19] {dino} beat
[15:20] {cosmo} as we descend, so shall we ascend
[15:21] {dino} final flush? call joe the plumber
[15:21] {Onix} way deep :)
[15:22] {Threei} oh I am going to miss that guy
[15:22] {Geo} youll find him on billboards soon :)
[15:22] {Geo}'
[15:23] {magoo} he will end up being spokesman for liquid draino
[15:23] {dino} up 3i, dino's call
[15:26] {dino} wrong
[15:29] {Onix} yet no capitulation hey?
[15:29] {Threei} we have 30 minutes more
[15:30] {Threei} Joe is circling around
[15:30] {Threei} with plunger in hand
[15:30] {Onix} and a BIG hammer in the other hand
[15:32] {cosmo} wha?
[15:33] {Threei} here comes Joe
[15:33] {Onix} hope flushes the system well
[15:34] {Threei} wow... market is still resisting
[15:36] {Threei} hard to imagine it holding this support
[15:36] {Threei} stranger things happened of course...
[15:37] {Threei} but I'd place odds of sharp seloff at 9:1
[15:38] {amarg} is that 9 times likely that there may be a sell off??
[15:38] {Onix} Vad, you know the symbol for the Toronto Stock Exchange to use with Laser?
[15:38] {dino} bam
[15:38] {Threei} you need to sign up for TSX feed
[15:38] {Threei} it's separate one
[15:38] {Threei} and fairly expensive, thank you canadian regulators
[15:39] {Onix} o yes i saw that
[15:40] {dino} theres the -500, going to be tough to get my -150
[15:40] {Onix} just thought there may be something like $TSX or $TSE that i could use to watch the index on Laser
[15:41] {dino} -10.5% since tues. close dji
[15:42] {Threei} not that I know... but ask dave
[15:42] {Onix} thanks
[15:42] {_maga} Vad, could today SOLF be a C&H ?
[15:43] {Threei} you mean if it breaks 6.90 - 7 area?
[15:44] {_maga} yes
[15:44] {Threei} yes, but I truly doubt it can happen in remaining 15 minutes
[15:50] {Onix} "Ring-a-ring-a-rosies, pockets full of posies, hush-hush, we all go DOWN!"
[15:53] {dptl} have a good evening all
[15:57] {Threei} take care dp
[15:58] {Onix} this was not a good trading day .. can only hope for something better for tomorrow
[15:58] {Onix} all the best until then
[15:58] {Threei} what is it that you fo guys
[15:58] {Threei} I go over calls, they are positive
[15:59] {Threei} take care all, see you tomorrow
[15:59] {_maga} bye
[15:59] {dino} out kbr .35 -.40
[16:02] {dino} qcom
[16:02] {Threei} REPORTS Q4 $0.52 V $0.60E, R $3.33B V $2.86BE (UNCLEAR IF COMPARABLE)
[16:07] {Threei} shorted dino?
[16:07] {magoo} i did vad
[16:07] {Threei} good one
[16:07] {magoo} sh 31.58 out 30.38
[16:07] {Threei} me too but took profit a bit too soon
[16:07] {magoo} me too
[16:07] {Threei} beautiful
[16:07] {Threei} wtg
[16:07] {magoo} saw 29.80
[16:08] {magoo} BRL vad?
[16:08] {dino} no
[16:11] {Threei} it reported before market
[16:20] {dino} gn all, having dsl issues
[16:20] {magoo} me too

Wednesday, November 5, 2008

Nov 05 2008

Interesting day. Started out well, then tightly locked market kept us inactive. Followed wave of selling didn't have much volume or readablity for a while and cost us couple stops. Finally, we got back in tune with market and ended day solidly in the money with couple shorts, and nice QID long for a full dollar move. Notice comments at 12:27 explaining what threw my read off and at 14:10 and 15:44 showing what key unlocked today's profits.

Session Time: Wed Nov 05 00:00:00 2008

[08:03] {Threei} Good morning
[08:04] {Threei} someone left ADBE bid 29.10, just 6 cents below yest close... smacked it, but it was 100 shares only, lol
[08:06] {amarg} good morning to everyone
[08:06] {Threei} amarg :)
06[08:14] * laserdave1 slaps Threei around a bit with a large trout
[08:15] {patience} morning rt :)
[08:15] {Threei} patience :)
[08:15] {Threei} and you dave... you are even sneakier this morning than you were yesterday
[08:16] {laserdave1} i getting better as i grow old
[08:22] {lisa_jay} Goodmorning.
[08:22] {Threei} lisa :)
[08:24] {dawg} Morning
[08:24] {Threei} dawg :)
[08:39] {_maga} good morning
[08:40] {Threei} maga :)
[08:41] {peterg} morning all
[08:41] {Threei} peter :)
[08:41] {peterg} lisa, i have cc of yesterday's discussion of stops & emotions; would you like it or already have it
[08:42] {peterg} available to any who want short version
[08:42] {lisa_jay} Yes, thank you Peter.
[08:42] {peterg} email or dcc
[08:43] {lisa_jay} dcc please
[08:43] {peterg} k
[08:44] {magoo} morning
[08:45] {Threei} good morning tovarishch magoo
[08:46] {lisa_jay} Hi Magoo
[08:59] {magoo} tovarishch
[08:59] {magoo} huh?
[08:59] {Threei} russian for comrade :)
[09:00] {Threei} ABK
[09:04] {Threei} while we have half hour more, may I offer you some of my latest photos, some amazing fall colors and more of Alaska
[09:04] {Threei}
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:07] {Onix} Good morning all
[09:07] {Threei} Onix :)
[09:08] {ese} morning as well....
[09:08] {Threei} ese :)
[09:08] {ese} hey vad
[09:08] {lisa_jay} Nice pictures Vad. Thanks for sharing
[09:08] {Threei} :)
[09:09] {ese} do you all feel re the election yesterday.....?
[09:09] {Threei} I'll miss Joe the Plumber
[09:09] {lisa_jay} My 3 yr old says Omama won, why did Odada not win.
[09:10] {ese} thats funny lisa......and cute
[09:17] {dino} gm all
[09:17] {hawkfan4} good morning
[09:17] {lisa_jay} HI Dino
[09:17] {Threei} dino, hawk :)
[09:17] {tomg} gm all
[09:18] {Threei} tom :)
[09:19] {ese} dino
[09:20] {dino} :)
[09:20] {ese} tom
[09:20] {ese} hawk
[09:20] {tomg} hi ese :)
[09:20] {dino} as for the election, i'll survive
[09:21] {ese} whys that dino
[09:21] {Geo} he misses palin :)
[09:21] {dino} taxes are going to increase
[09:21] {Geo} yup
[09:22] {Geo} while I am not personally thrilled.... I do acknowldge that this is historic
[09:22] {dino} indeed
[09:22] {ese} very.....
[09:22] {Geo} any other country..... we would be counting the dead
[09:22] {Geo} except canada of course
[09:23] {ese} alternative.....Vad and I and patience have a very nice island you can all come and live on
[09:23] {patience} would be lovely for you to all come here
[09:24] {hawkfan4} what's the name of the island?
[09:24] {patience} this is going to be hard sell ese
[09:24] {Threei} Dr Moreau Island
[09:24] {hawkfan4} lol, was thinking Gilligan's
[09:24] {Threei} hehe
[09:24] {lisa_jay} :-)
[09:24] {Threei} Vancouver Island hawk
[09:24] {ese} Fantasy island....little small guy greets you at the airport.....
[09:25] {hawkfan4} ah, thanks. are the fall pics from the island?
[09:25] {_nicklam66} da plane
[09:25] {Threei} yes
[09:25] {hawkfan4} unbelieveable
[09:25] {Threei} morning nicklam
[09:26] {_nicklam66} goodmorning vad
[09:26] {brian3579} gm all
[09:26] {Threei} brian :)
[09:26] {ese} nick.....welcome aboard
[09:26] {ese} the pane that is.....
[09:26] {ese} plane....
[09:27] {dino} i was in vancouver 2 years ago, very nice
[09:27] {_nicklam66} thank u loveboat
[09:27] {ese} what were you doing in Vancouver dino
[09:27] {Threei} vancouver island is different from vancouver dino
[09:28] {dino} spent a day there before alaskan cruise
[09:28] {dino} itwo?
[09:28] {ese} vancouver has dptl........big difference there already
[09:28] {Threei} and laserdave
[09:29] {Threei} JDAS wants to renegotiate nerger agreement, dino
[09:29] {Geo} i loved vancouver and victoria
[09:29] {Geo} spent 10 days here about 4 yrs ago
[09:29] {ese} ahhhhh forgot about that.....
[09:29] {dino} ty
[09:32] {Threei} watching how UAUA handles this market drop
[09:33] {Threei} pretty much follows so far
[09:34] {Threei} worth a try with stop under .20 if NASDAQ jumps
[09:34] {Chaeron} Good morning all
[09:34] {Threei} chaeron :)
[09:35] {dino} drys sm l .00
[09:36] {lisa_jay} Got 10c on UAUA thanks Vad
[09:36] {Threei} good job lisa
[09:37] {Threei} good to see the idea of a trade becomes enough to find it on your own
[09:38] {dawg} out 1/2 uaua +26
[09:38] {Threei} beautiful
[09:38] {dawg} ty
[09:38] {Threei} Long Setup: FITB .36 if stays above .20
[09:38] {magoo} news rimm vad?
[09:38] {dino} out drus .40, +.40
[09:39] {Threei} nothing substantial magoo
[09:39] {dawg} out last 1/2 +56 UAUA
[09:40] {Threei} teleportation in progress
[09:40] {lisa_jay} Wow, dawg
[09:40] {dawg} ty
[09:41] {dino} lod's
[09:43] {dino} 9319
[09:43] {dino} gap area
[09:43] {Threei} if you took this UAUA pullback, stop is under .10
[09:44] {Threei} FITB no worky
[09:44] {Geo} out fitb
[09:44] {Threei} out UAUA .65
[09:44] {Threei} from .26
[09:45] {Threei} this thing is a gift that keeps giving
[09:47] {Threei} watching LLTC for bounce to short
[09:48] {magoo} RIMM short vad?
[09:48] {Threei} nah
[09:48] {Threei} hmm
[09:48] {Threei} no bounce whatsoever LLTC
[09:49] {Threei} Short Setup: LLTC 23 break if stays under 23.10
[09:51] {dino} mt sm l .90
[09:53] {dino} stop is lod
[09:56] {Threei} FITB fooled us
[09:57] {lisa_jay} Vad LLTC invalidated?
[09:57] {dawg} stopped LLTC -12
[09:57] {Threei} LLTC inlvalidated
[09:57] {Threei} did it ever trigger dawg?
[09:58] {Threei} I don't think it lost 23 after the call
[09:58] {dawg} OK got filled at 23.03
[09:58] {dawg} got to aggresive
[09:59] {Threei} DELL strong even though market isn't
[10:00] {Threei} 13.05 worth a try if market turns
[10:01] {Threei} - Will pay higher interest on required and excess reserves, so interest payments will equal Fed Funds rate
[10:03] {Threei} DELL not reacting, off the screen
[10:06] {magoo} is that good or bad ?
[10:06] {Geo} yahoo has to be the worst date EVER
[10:06] {Threei} lol
[10:06] {Threei} YHOO goes up on that?
[10:07] {magoo} should not
[10:07] {dino} anything can happen
[10:08] {dino} out mt .30, +.40
[10:08] {dino} putzing around
[10:09] {Threei} GG
[10:09] {Threei} .45 long half lot
[10:09] {Threei} if stays above .20
[10:10] {magoo} missed dam
[10:10] {Chaeron} nice on MT dino
[10:10] {dino} thx
[10:10] {Geo} half out .67
[10:11] {dawg} in GG .44
[10:11] {Threei} stop under .30 this time
[10:14] {Threei} half out dawg
[10:14] {Threei} or scalp
[10:14] {tomg} wtg mt dino, ty
[10:14] {dawg} out 1/2
[10:14] {dino} itwo l .99
[10:14] {dino} stop .83
[10:14] {Threei} stop to under .35
[10:14] {dawg} target for last half Vad?
[10:14] {Threei} no target in terms of price
[10:14] {dawg} OK
[10:14] {Threei} rather, sharp spike to new highs
[10:15] {dino} aapl sm l .80
[10:15] {dawg} good
[10:15] {Threei} sharper
[10:15] {Threei} sharper
[10:15] {Threei} now!
[10:16] {magoo} sheesh
[10:16] {dawg} out in full thanks Vad great call
[10:16] {magoo} missed
[10:16] {Threei} welcome
[10:16] {Threei} on second chance too mags??
[10:16] {lisa_jay} Nice trade Dawg..Vad.
[10:16] {magoo} thought i was chasing
[10:16] {dawg} ty Lisa
[10:16] {Threei} it pulled back into original trigger
[10:17] {magoo} it was great call
[10:17] {Threei} juust hate that you haven't befitted
[10:17] {Threei} you know what else I hate?
[10:17] {Threei} FITB
[10:20] {Threei} I am going to try again, .95 if stays above .75
[10:20] {Threei} decide for yourself if you want it
[10:20] {dino} out aapl .20, +.40
[10:20] {lisa_jay} Which one Vad?
[10:20] {Threei} FITB
[10:20] {Threei} certainly prone to shakeouts
[10:20] {Chaeron} Pres Bush on TV congratulating Ob
[10:21] {Threei} btw, I thought McCain's consession speech was outstanding
[10:21] {Geo} y
[10:21] {magoo} hes a stand up guy
[10:21] {Threei} incredible grace in defeat
[10:22] {peterg} lost his grace on the stump, though
[10:22] {peterg} but great speech at the Biltmore
[10:22] {peterg} love that place
[10:23] {Chaeron} Bush doing good job too right now
[10:23] {dino} deep down, he's a decent guy
[10:23] {Chaeron} Pres bush?
[10:24] {Threei} tough call guy:
[10:24] {Threei} guys
[10:24] {Threei} Long Setup: QQQQ .56 if stays above .45
[10:24] {magoo} i like RIMM long..not in
[10:24] {magoo} vad thoughts
[10:25] {Threei} market is nervous and full of shakeouts but at some point it will determine what it wants to do
[10:25] {Threei} if market decides up, RIMM would be one of my first choices mags
[10:25] {magoo} in sync w/q call
[10:25] {Threei} up buck and half in red market - gotta respect that
[10:27] {lisa_jay} crude no's soon?
[10:27] {Threei} 8 minutes
[10:30] {Threei} Qs invalidated a bit
[10:30] {dino} magoo is crude always lisa
[10:30] {Threei} want some more consolidation
[10:30] {Threei} lol dino
[10:31] {magoo} chics dig
[10:31] {dino} itwo stopped -.17
[10:32] {Threei} OK... if Qs pull back closer to .50, will buy first strength
[10:33] {Threei} in .51
[10:33] {Threei} stop under .40
[10:34] {dawg} in .50
[10:35] {peterg} .52
[10:35] {Threei} DOE CRUDE: +54K V +1ME;
[10:35] {Threei} GASOLINE:+1.1M V -1.2ME; DISTILLATES: +1.2 V +1.7ME; UTILIZATION: 85.3% V 85.5%E
[10:36] {Threei} oh horror
[10:36] {Threei} we have no oil
[10:37] {Threei} maybe enough of shakeouts for today, market?
[10:39] {dino} v sm l .30
[10:39] {dino} stop .97
06[10:39] * Threei kicks QQQQ in the rear with steel-toed heavy duty army boots
[10:39] {Geo} vad how do you remove EdgeA?
[10:40] {Threei} right click Level 2
[10:40] {Threei} Hidden MM
[10:40] {Threei} and manage from there
[10:40] {Geo} ty
[10:42] {Threei} wierdly jerky market
[10:42] {dino} kndl
[10:42] {dino} ceph
[10:43] {amarg} is there a trade in gg at this time?
[10:44] {magoo} there is
[10:44] {Chaeron} 3 Russian nuclear regiments that were to stand down, now to be stationed east of Poland, fully operational. Fox News
[10:45] {Threei} maybe 23 break if holding above 22.80 amar... not very clean setup though
[10:46] {dino} so they are standing up chaer
[10:47] {Threei} they are eager to participate in CEDC product tasting
[10:47] {dino} ahhh, a hostile takeover perhaps
[10:47] {Chaeron} :)
[10:48] {Threei} guys, decide if you want to hold Qs or scratch it
[10:48] {Threei} market is very jerky and directionaless
[10:48] {Chaeron} was just going to ask you to kick again
[10:48] {Geo} scratched...... have a great day guys
[10:48] {Geo} off to work
[10:48] {Chaeron} bye geo
[10:48] {magoo} GEOOOOOOOOOO wait
06[10:48] * magoo slaps Geo around a bit with a large trout
[10:49] {Threei} I heard they breeded new kind... clalls Good-bye trour
[10:49] {Threei} trout
[10:49] {dino} cya goe
[10:49] {dino} geo
[10:49] {dino} ego
[10:50] {lisa_jay} Vad, does the steel toed boots come with the should patent them.
[10:50] {Threei} no lisa, sorry
[10:50] {Threei} this is secret weapon that give me my edge
[10:51] {lisa_jay} That is some edge to have.
[10:51] {Threei} I share it though for a small administrative fee of $3.99 and rental fee of $999,999.95
[10:52] {lisa_jay} Will send check right now for that. It sure is worth it.
[10:52] {Threei} don't forget to enclose your shoe size
[10:52] {lisa_jay} :-)
[10:53] {dino} not the edge dino mentioned yesterday, but whatever works
[10:54] {Chaeron} Threei, thanks for scratch alert... saved me .16...
[10:55] {Threei} yeah, it looks so far like better play is for small scalps within these jumps up and down
[10:55] {Threei} much tighter stops
[10:55] {Threei} and better odds
[10:56] {dawg} stopped Q's
[10:56] {dino} kndl s sm .56
[10:57] {Threei} {USD/RUB }
[10:57] {Threei} NQ is locked with 10 pointa
[10:57] {Threei} when was the last time we had it this narrow?
[10:57] {Threei} 2007?
[11:00] {magoo} 06
[11:01] {lisa_jay} Dino, quick dcc please if you have time.
[11:01] {dino} ok
[11:12] {Threei} something is brewing in the market
[11:13] {dino} kndl stopped -.45
[11:13] {Threei} this prolonger period of tight lock is bound to resolve in violent move
[11:14] {magoo} and feels like upo
[11:14] {lisa_jay} Flag forming on daily?
[11:15] {Threei} kind of, yes
[11:15] {dino} axp l .55
[11:15] {Threei} FITB did sizeable pullback
[11:16] {Threei} wasn't really clear near 12
[11:16] {Threei} but watching now to see if it forms new setup
[11:16] {laserdave1} hawk dcc when u get a sec
[11:17] {Threei} also, don't forget: when you are totally bored and have no idea what to do, one of the features of the room is emotional relief by slapping laserdave with big slime trout
[11:18] {Threei} service proudly provided by RealityTrader
[11:18] {Threei} so far FITB shapes up as .23 long if stays above .15
[11:20] {dino} i still wonder is laserdave is real or not
[11:21] {Threei} last time we met he bought me a dinner
[11:21] {Threei} so asfar as my stomach concerned, he is
[11:23] {dino} kndl s .05 sm last try
[11:23] {dino} axp stopped -.13
[11:24] {dino} ceph sm l .30, stop .93
[11:27] {Threei} FITB is holding admirably so far
[11:28] {Threei} The Kremlin gave Barack Obama a glacial welcome to the world stage when Dmitry Medvedev, the Russian president, ordered the deployment of nuclear-capable missiles on Nato's borders for the first time since the Cold War.
[11:30] {magoo} boy my up feel was wrong
[11:41] {Threei} most likely bounce time
[11:41] {Threei} Long Setup: ADBE .25 if stays above .15
[11:44] {magoo} in .23 aggress
[11:45] {dawg} in adbe .25
[11:45] {Threei} sheesh
[11:45] {Threei} stopped
[11:45] {dawg} stopped adbe
[11:47] {dino} wants -300 imo
[11:49] {Threei} that was rude
[11:49] {dino} kndl bstop to b/e
[11:49] {dawg} it had fleas
[11:50] {magoo} relentless selling
[11:51] {dino} kndl to .85, won't fall
[11:51] {Threei} yet no clean short setups that I see
[11:53] {dino} grrr slipped cov kndl .92, +.13
[11:59] {dino} v sm l .50 last try
[11:59] {dawg} in adbe
[12:00] {dawg} out adbe 1/2 .31
[12:07] {Threei} in UAUA .54
[12:07] {Threei} stop under .40
[12:08] {Threei} if this one doesn't work I go to monastery for the next hour
[12:09] {dawg} in UAUA .47
[12:10] {magoo} im gonna revoke your trading room licennce
[12:10] {Threei} oh good
[12:10] {Threei} retirement, here I come
[12:10] {_maga} in UAUA .47
[12:10] {Threei} market more weakness
[12:10] {Threei} sigh
[12:12] {dawg} UAUA stop under .35 Vad?
[12:12] {Threei} with your entry, that's where I'd keep it yes
[12:12] {dawg} ty
[12:14] {Threei} gave 1:1
[12:14] {Threei} and market weakened again
[12:15] {_maga} you have sold then vad?
[12:15] {_maga} then=them
[12:15] {Threei} not with my entry
[12:16] {Threei} with .47, I would at least partial
[12:16] {_maga} ok
[12:16] {dawg} out 1/4
[12:18] {_maga} out full lot at .54 ....
[12:18] {_maga} I have too high commission to exit in more steps
[12:19] {Threei} nor per share?
[12:19] {_maga} a fixed fee of 20$ per trade
[12:20] {Threei} WOW!!
[12:20] {Geo} wow
[12:20] {Threei} I thought this bs went the way of dodo long ago
[12:20] {Geo} they come home and take order? :)
[12:20] {Threei} we paid this commissions in 1998
[12:21] {_maga} I'm trading for test from my account I have in Italy... and these are the fees for the US markets....
[12:21] {Threei} broker would have to cook my breakfast, make my bed and a lot of other things for this price
[12:21] {_maga} ah ah would be not too bad
[12:21] {Chaeron} maga - go here if you'd like:
[12:22] {Chaeron} ooops... wrong site... sorry... let me look
[12:22] {_maga} I have a little account is US also... (Ameritrade) but they ask 10$ the same...
[12:22] {Threei} they don't open foreign accounts
[12:22] {_maga} the chareon
[12:22] {Threei}
[12:23] {Chaeron} yeah... that one... lol
[12:23] {Threei} same software
[12:23] {amarg} if your friend is in italy, you may decide on
[12:23] {amarg} really reduces the cost of currency conversion
[12:26] {dino} ceph stopped -.40
[12:27] {Threei} thing that threw off my read:
[12:27] {Threei} I thought Obama's election would send the market down,
[12:27] {Threei} but last few days election result was all but certain
[12:27] {Threei} yet market mostly climbed
[12:28] {Threei} low volume on that climb wasn't very indicative, as it could easily be attributed to uncertainty
[12:28] {lisa_jay} uaua Vad, band so narrow.
[12:28] {Threei} so I decided I misread the market intention
[12:28] {dino} markets afraid of obama/dems control
[12:28] {Threei} and backed off the idea of shorting on election result.
[12:29] {Threei} that was what I thought
[12:29] {dino} it was closer than electorial said, 48% mccain, 52% obama
[12:30] {magoo} u do not think short enough vad..i tell u this all the time
[12:30] {dino} new regulations and higher taxes coming
[12:30] {magoo} i saw rimm short..u said no
[12:30] {magoo} look at it
[12:30] {magoo} look at goog bidu fdslr
[12:31] {magoo} 100 shares each
[12:31] {magoo} fortune
[12:31] {magoo} no i didn;t
[12:31] {magoo} but coming in i was thinking that
[12:31] {Threei} [09:48] {magoo} RIMM short vad?
[12:31] {Threei} [09:48] {Threei} nah
[12:31] {Threei} look what RIMM did after this exchange
[12:32] {Threei} I answer with the read of the moment
[12:32] {Threei} if you want me to give you read for the rest of the day, you better find oracle
[12:32] {magoo} nah
[12:33] {Threei} why am I talking to you at all, I am in monastery for an hour
[12:33] {magoo} because i followed u there to keep heckling u
[12:34] {Threei} sigh... no rest for wicked
[12:34] {dawg} stopped Q's
[12:36] {Onix} Hi guys & girls, I'm home with some bad gout ... does not look as if anything is happening in the market hey?
[12:37] {Threei} anything good at any rate
[12:37] {Threei} this starts looking like crash coming
[12:37] {Onix} too many up days of late
[12:38] {dino} theres my -300
[12:38] {Threei} and no asigns of stopping
[12:39] {Onix} I thought Obama's victory would be good for the market?
[12:39] {Threei} how?
[12:39] {dino} why? higher dividend taxes, higher cap. gains, higher income, more regulations
[12:39] {Onix} but I suppose there is not much hope for the market in this economic climate
[12:40] {dino} gap filled
[12:40] {dino} carter years he's going back too w/taxes
[12:40] {Threei} onix... policies he used for campaign are eerily the same that turned recession of 1929 into great depression of 30s
[12:41] {dino} and the 70s into inflation high, no growth
[12:41] {Onix} did not know that
[12:41] {dino} tax and spend and more regulations
[12:41] {dino} at least clinton understood tax policy
[12:41] {dino} this guy is rob the rich
[12:42] {Onix} but the trickle-down effect did not happen, so building from the bottom up may work better?
[12:43] {Onix} may just be a long & difficult road I suppose
[12:43] {Threei} how do you build from bottom up by taking from one who earns more and giving to one who doesn't?
[12:43] {dino} trickle down did happen, regan lowered cap gains, income taxes, etc. economy boomed for almost 25 years, other bush and clinton left it alone
[12:44] {Threei} exactly
[12:44] {Threei} redistribution down kills motivation
[12:44] {dino} exactly, if i have to pay out 48%, why bother
[12:45] {Threei} ask Soviet Union how it worked out
[12:45] {dino} and god forbid you make the welfare guys do any type of work
[12:45] {Onix} now you guys are going way too deep for me!
[12:45] {dino} thats too mean
[12:45] {magoo} i guess its working for china
[12:45] {magoo} we owe them trillions, not vice versa
[12:46] {Chaeron} funny you should mention that Vad... did anyone else see the hammer and sickle flag outside the White house last night when the camera panned on the crowds cheering for Obama? Or the guys wearing it on t shirts?
[12:46] {Threei} you serious?
[12:46] {Chaeron} yes
[12:46] {dino} oh mannnnnnnnnnnn
[12:46] {Chaeron} I couldn't make up stuff like that
[12:46] {Chaeron} it's shown on fox still
[12:47] {dino} class warfare election, imo
[12:47] {Threei} well, I am optimist by nature
[12:47] {Threei} my hope is two fold
[12:47] {dino} wait until january 20th when he takes over, imo markets are going to drop
[12:47] {Threei} 1. taking actual power, he finds out such plans are harmful or impossible to implement
[12:48] {Threei} or
[12:48] {patience} i'm with dino
[12:48] {Threei} 2. He does implement them, harm becomes obvious quickly and next election corrects things
[12:48] {magoo} well, seasonality tradationally ids nov thru january..not such an insightful call
[12:48] {dino} 4 long years
[12:48] {Chaeron} in 2010
[12:48] {Chaeron} congressional
[12:48] {Chaeron} like 1994
[12:49] {dino} they cried that rates were too high for 30 year mortgages at 6.6%, wait until they go to 12%
[12:49] {dino} chaer, you may be right, take back congress
[12:49] {magoo} stop dino..stop
[12:49] {Threei} if Volker is engaged... that's quite real
[12:50] {Threei} that was his recipe... sky high rates
[12:50] {dino} run forest, run
[12:52] {Onix} Wall Street blew it with the housing and oil bubbles and then Paulson even went and bailed them all out with billions of more debt
[12:52] {Onix} how Obama is going to fix this, I got no idea at all
[12:53] {Threei} scary thing is, neither is he probably
[12:53] {dino} markets must fix themselves, they have already prolonged the motgage crisis by not letting them fail, in the end they will fail
[12:53] {Onix} are there no real clever people left in the USA?
[12:53] {Threei} there are
[12:53] {Chaeron} well, if threei would move here.....
[12:53] {Threei} but they do not beling to decision-making circles
[12:53] {dino} yes there are, but we don't work for govt
[12:54] {Onix} why do all the less-enlightened always end up in government?
[12:54] {Threei} who else would want this job
[12:54] {Onix} lol
[12:55] {dino} as my attorney friend says, "when an attorney can't make, naturally they go into politics"
[12:55] {Onix} true
[12:55] {dino} attorneys run govt, they are not business minded
[12:55] {dino} they are wealth destroyers
[12:56] {magoo} i thought this was a trading room??
[12:56] {Onix} so, we may soon test he recent lows in the market?
[12:56] {magoo} u guys are wearing me out
[12:56] {magoo} hes in...tough luck yes...but we stuck with him
[12:59] {Threei} this selling today looks like slow planned liquidation
[13:00] {Threei} I wish we saw more volume so we could confidently switch to shorting
[13:01] {dino} too late to short at moment
[13:01] {dino} we go up 100+/- now
[13:01] {Onix} Smart Money re-adjusting their porfolios before getting in again?
[13:02] {Threei} if that's the case, then getting in again only after hard crash
[13:06] {Onix} the bulls & the bears watching each other closely!
[13:11] {Threei} if market is in the mood for some, even modest recovery, then LVS is long scalpwith 12 trigger
[13:11] {Threei} GM
[13:11] {Threei} uh oh
[13:12] {magoo} laser dcc
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
06[13:12] * magoo slaps laserdave1 around a bit with a large trout
[13:12] {magoo} laser DCC
[13:13] {Threei} half out LVS .15
[13:16] {Threei} out balance
[13:17] {Threei} anyone took it?
[13:17] {Onix} missed that one
[13:17] {lisa_jay} Took it on pullback - .08
[13:19] {dino} ok theres 50
[13:23] {Threei} oil drops
[13:23] {Threei} they can cut all they want
[13:23] {Threei} if economy comes to screeching halt, oil won't recover
[13:23] {Threei} UAUA inverted C&H
[13:24] {Threei} who has it short, .20 breakdown
[13:24] {lisa_jay} where would stop be Vad for UAUA?
[13:25] {Threei} top of this bounce will show
[13:25] {Threei} so far .30
[13:26] {Onix} not shortable for us hey?
[13:26] {Threei} no
[13:34] {Threei} 1;1
[13:34] {lisa_jay} uaua 1:1
[13:36] {Threei} 1:2 almost
[13:36] {Threei} 1:2 without almost
[13:36] {Threei} covered lisa?
[13:37] {Threei} quite sharp drop, I'd be out
[13:37] {lisa_jay} Embarresed to say - I missed the trade...had my hand on button, but teleported as usual.
[13:37] {Threei} awww
[13:37] {Threei} anyone got it?
[13:38] {lisa_jay} I now know what to do when the bid is being chewed sell short!
[13:43] {dino} :)
[13:43] {dino} c'mon v blast off
[13:53] {laserdave1} magoo
[13:53] {laserdave1} dcc
[13:53] {Onix} Ever heard about the sign above the funeral home?
[13:54] {Onix} We are the last to let you down
[13:54] {Threei} lol
[13:58] {Threei} Short Setup: ADBE .65 if stays under .75
[14:00] {dino} yhoo sm l .06
[14:00] {Onix} 'in s @ .65
[14:02] {dino} rumors buyout msft of yhoo, announcement after 2
[14:02] {Onix} not again!?
[14:02] {Threei} half hour ago
[14:02] {dino} sm, so will see
[14:02] {Threei} this saga will never end
[14:03] {dino} yang rumored leaving
[14:03] {dino} opk, i see above
[14:04] {Threei} linux will overtake the world and Google will elimnate all other search eangines... and somewhere in the background $2 MSFT will still negotiate the buyout of $.50 YHOO
[14:04] {lisa_jay} Thanks Vad, got .10 ADBE
[14:04] {Threei} ADBE 1:1
[14:05] {Threei} welcome lisa
[14:06] {Chaeron} in ADBE ss .64. out .50 +0.14 thanks Vadster
[14:06] {Threei} sure thing chaeronesku
[14:06] {Chaeron} :)
[14:07] {peterg} got my +.11, thks vaddo
[14:07] {Threei} :)
[14:08] {Threei} switch to shorting did it... hesistant to be too active or hold too long, since we already went fairly extended way down
[14:08] {Threei} but still... trend is a trend is a trend
[14:08] {dino} -4%
[14:08] {Threei} 1:2, out in full
[14:10] {Threei} today was to be traded very much like we traded first couple weeks of October
[14:11] {Threei} switch of paradigm is hard to do on the fly in a matter of hours
[14:12] {Geo} hi just came in... we in anything?
[14:12] {Geo} (except deep doodoo)
[14:12] {peterg} stitches
[14:13] {dino} ci l .39
[14:16] {Threei} just covered ADBE Geo
[14:16] {Geo} sniff
[14:19] {Threei} Long Setup: MS 18 break
[14:19] {Threei} scalp only most likely
[14:19] {Threei} if stays above .90
[14:20] {Threei} invalidated
[14:21] {lisa_jay} Back to lunch.
[14:21] {Onix} out ADBE .43 ty Vad
[14:21] {Threei} :)
[14:22] {dino} spwra and b ouch
[14:26] {dino} v stop to .90
[14:26] {dino} out v .06, +.56
[14:26] {Onix} gj!
[14:27] {dino} too soon
[14:27] {dino} way soon
[14:27] {dino} ty onix
[14:28] {Threei} Short Setup: MS .75 if stays under .90
[14:28] {Threei} sorry, under .80
[14:30] {dino} ralllllly
[14:31] {lisa_jay} still on MS Vad?
[14:32] {Threei} discretionary
[14:32] {Threei} violated setup by just 2 cents
[14:32] {dino} yhoo stop to b/e
[14:32] {Threei} so, depends on personal risk tolerance
[14:34] {dino} yhoo to .27
[14:34] {dino} ci stop to .59
[14:34] {dino} lisa dcc me
[14:36] {lisa_jay} Ok.
[14:37] {dino} out ci .69, +.30
[14:40] {Onix} wtg
[14:40] {dino} ty
[14:42] {Threei} HMA
[14:43] {Chaeron} MS still valid? Just got back... didn't see .80
[14:43] {Threei} it went over .90
[14:43] {Threei} you have charts?? :)
[14:43] {Geo} prickly
06[14:43] * Geo thinks that in a polite way of course
[14:44] {lisa_jay} Sorry, my fault..I asked the question earlier.
06[14:44] * Threei pretends he believes in Geo's politeness
[14:44] {Chaeron} Don't yell at me... I was in a hurry and looked at charts, but didn't see that you posted before it went up, not sliding down... -.02...
[14:45] {Chaeron} I am so fragile today... *sob*
[14:45] {Threei} not sure I understand why I am forbidden from yelling at you
06[14:45] * dino slaps lisa_jay around a bit with a large trout
06[14:45] * dino slaps Chaeron around a bit with a large trout
[14:45] {Chaeron} BECAUSE I'm FRAGILE, GET IT????????
[14:45] {dino} fragile
[14:45] {Chaeron} hehehe
[14:45] {Threei} oh...
[14:45] {Threei} now I got it
[14:46] {dino} lisa hit wrong name
[14:46] {Threei} so, let's see just how fragile you really are
06[14:46] * Threei slaps Chaeron around a bit with a large trout
06[14:46] * Chaeron slaps magoo around a bit with a large trout
[14:46] {Threei} not so fragile, eh?
[14:46] {lisa_jay} Hey...
[14:46] {lisa_jay} Late reflex.
[14:51] {dino} out yhoo .40, +.34
[14:51] {Threei} wtg
[14:51] {lisa_jay} wow
[14:51] {dino} watching v, ci again, fwiw
[14:53] {Geo} what if the money is all used up in bonuses?
[14:53] {Threei} really
[14:53] {Threei} what are poor banks to do
[14:54] {Threei} we want to lend but we have nothing - we couldn't cut off bonuses, could we
[14:54] {Geo} my daddy said "pay yourself first"
[14:54] {Geo} lol
[14:54] {dino} now that barney's in charge, this is what i worry about
06[14:56] * Chaeron not worrying... doing is more effective :)
[14:56] {lisa_jay} Vad, took LVS .26
[14:56] {Threei} but fragile types must worry chaeron
[14:56] {Threei} that's the rule
06[14:57] * Geo is tired of the partisan bickering
[14:57] {Chaeron} yep... that's me...
[14:57] {Geo} in this room hehehehehehe
06[14:57] * Chaeron slaps Geo around a bit with a large trout
06[14:57] * Geo slaps Threei around a bit with a large trout
[14:57] {Threei} why .26 lisa?
[14:57] {Threei} kind of in the middle of nowhere
[14:57] {lisa_jay} Oh, sorry made .26 on LVS...sigh
[14:57] {Chaeron} see how fragile I am? here... have another:
06[14:58] * Chaeron slaps Geo around a bit with a large trout
[14:58] {Threei} oh
[14:58] {Threei} whew
[14:58] {Threei} scared me :)
[14:58] {Geo} thank you
06[14:58] * Chaeron slaps Threei around a bit with a large trout
[14:58] {Chaeron} that's for flinching
[14:58] {Threei} what the... I am talking to lisa about trading
[14:58] {Chaeron} lol
[14:58] {Threei} and getting slapped relentlessly meanwhile
[14:58] {lisa_jay} sigh.
[14:58] {Geo} chaeron is emotional today
[14:58] {Threei} fragile too
[14:59] {Geo} his trout must hate him
[14:59] {lisa_jay} Never mind me. Get back to your WWF
[14:59] {Chaeron} LVS loking for bounce...
[14:59] {Onix} dino, where it that rally? i am getting dizzy with this up&down all thetime
[15:01] {Threei} if .08 gets cleaned, chaeron...
[15:02] {Chaeron} nope
[15:02] {dino} lol onix, we had 50 pts, then fell, so, to make a long story short...i was wrong
[15:02] {Onix} but i wanted you to be right!
[15:02] {dino} that makes 5x's today, 4 trades and my rally
[15:03] {Threei} if anyone believed that HMA story, it's almost back to support levels
[15:03] {Geo} except dino
[15:03] {Geo} anyone positie today?
[15:03] {Geo} positive too
[15:03] {Threei} barely
[15:03] {dino} yes 534
[15:03] {Geo} 12:03] {Geo} except dino
[15:03] {lisa_jay} Yes.
[15:03] {dino} off my highs
[15:04] {dino} sorry
[15:04] {_maga} yes, even if few cents
[15:04] {Geo} :)
[15:04] {lisa_jay} But I trade 100 shares only so you guys would call it barely.
[15:04] {Geo} me neg and am starting to hate obama
[15:04] {Geo} lol
[15:04] {Threei} would be much better if UAUA was available for short
06[15:04] * Geo is fickle
[15:04] {Onix} $165 for me trading 200's
06[15:04] * Chaeron slaps laserdave1 around a bit with a large trout
[15:05] {Chaeron} want UAUA shortable
[15:05] {Geo} nice onix
[15:05] {Onix} ty
[15:05] {dino} gj onix and maga
[15:05] {lisa_jay} Wow Onix.
[15:05] {dino} and remember, the days not over yet
[15:05] {Onix} yes, i can still loose it all
[15:05] {lisa_jay} :-)
[15:06] {Onix} :)
06[15:06] * Geo is going on welfare
[15:06] {dino} spwrb v sm l .75
[15:06] {Geo} its a good time
[15:07] {dino} need some uso/oih help
[15:08] {dino} not getting it, carefu'no good stopped -.45
[15:22] {Threei} starts looking like we have a good chance for good old end of day selloff
06[15:23] * Geo gets his shorting shorts on
[15:23] {lisa_jay} yes.
[15:23] {Threei} QID
[15:23] {Onix} a feeling of panic creeping in
[15:23] {lisa_jay} Sorry Yes to Vad's comment, not to your shorts Geo.
[15:25] {Threei} likely to go to 6650 or so
[15:25] {Threei} 66.50
[15:25] {Threei} .50 break if stays above .30
[15:25] {Threei} half lot, volatile
[15:26] {dino} fwlt, going for gap fill from monday
[15:32] {Threei} over 1:1 for scalpers
[15:32] {Threei} kind of hard to imagine this day to end with any kind of rally eh?
[15:32] {Threei} 66 hit
[15:33] {Threei} 1:2.5
[15:33] {Threei} half out for me
[15:33] {lisa_jay} Great trade Vad.
[15:33] {Threei} aiming for 66.50 with second half
[15:35] {Threei} stop about 1o cents under entry now
[15:35] {Threei} 10
[15:35] {dino} ci l .17 stop .99
[15:36] {Threei} stop to .60
[15:36] {Threei} come on NQ, one more sharp leg down
[15:36] {Threei} you know you want to
[15:38] {dino} ceph sm l trig .75 imo
[15:38] {dino} wait for trig
[15:38] {Threei} am I too greedy?
[15:39] {Threei} answer: yes, and proud of it
[15:39] {Threei} out
[15:39] {Threei} .45
[15:39] {Threei} +.95
[15:39] {Threei} .03, sorry
[15:39] {Threei} grrr
[15:39] {Threei} .93
[15:39] {Onix} wtg
[15:39] {Geo} in .51 all out ..47
[15:39] {Threei} anyone followed?
[15:39] {Threei} beauty
[15:39] {dino} ci stopped -.16
[15:40] {Threei} 20 cents risk for dollar gain
[15:40] {Geo} on 600 shares so yes positive TY lord vader
[15:40] {_maga} great tarde
[15:40] {Threei} :)
[15:40] {_maga} trade
[15:40] {dino} gj guys
[15:40] {lisa_jay} Great job Geo.
[15:40] {Geo} :)
[15:41] {dino} triggered
[15:41] {dino} stop is .48
06[15:41] * Geo is a good lord vader follower
06[15:42] * Threei will work on changing his appearance for tomorrow
[15:42] {dino} hate to say it but -600 coming
[15:44] {Threei} noticed the very familiar character of this trade guys?
[15:44] {Threei} totally 1 month ago kind
[15:45] {dino} yes
[15:45] {Threei} comment from earlier:
[15:45] {Threei} [14:10] {Threei} today was to be traded very much like we traded first couple weeks of October
[15:45] {Threei} [14:11] {Threei} switch of paradigm is hard to do on the fly in a matter of hours
[15:46] {Threei} seeing this all too familiar pattern, started recalling how we did it back then and looking for confirmation of those patterns
[15:46] {Threei} and that's how trades become in tune with market again
[15:46] {dino} ci l .09
[15:47] {Threei} ok Geo... I found hoodie, dark sunglasses and some spy makeup
[15:47] {Geo} ummmm
[15:48] {Threei} tomorrow it won't be that easy for you to follow me
[15:48] {Geo} that sounds like sith lord
[15:48] {Threei} I will also practice tonight ducking in dark alleys
[15:48] {Threei} hiding behind the trees
[15:48] {Geo} now thats a pic
[15:48] {Geo} vad trying to hide behind a tree
[15:48] {Threei} ummm
[15:49] {Threei} if you are trying to hint I am too fat for that
[15:49] {Geo} no no
[15:49] {Threei} that's very impolite
[15:49] {Geo} (yes yes)
[15:49] {Threei} be thankful I can't do to you what I'd like to, considering how fragile chaeron today is
[15:49] {Geo} true true
06[15:49] * Geo slaps dino around a bit with a large trout
[15:49] {Threei} I am afraid to traumatize him
[15:49] {Geo} oops
06[15:49] * Geo slaps Chaeron around a bit with a large trout
[15:50] {Geo} damn trout
[15:50] {dino} ceph stopped -.27
[15:50] {Threei} what the
[15:50] {Threei} where did this drop CEPH come from
[15:51] {dino} rinse-job
[15:51] {Threei} that was very rude
[15:51] {dino} look now
[15:51] {Threei} yeah, that's what I mean
[15:51] {dino} that should not have happened, sorry
[15:51] {dino} watching it all day
[15:51] {Threei} rude to the degree that can scar fragile chaeron for life
[15:52] {Geo} i think chaeron has hit the vodka
[15:52] {dino} thing just bounced 80 cents
[15:52] {Threei} that's what we fragile types do
06[15:52] * Threei pours 6th 200ml glass
[15:52] {Geo} i buy skyy as i like blu colored bottles
[15:52] {Threei} try Iceberg
[15:52] {Geo} ok
[15:52] {Threei} blue bottle too but much higher quality
[15:53] {Geo} hmmm canadaian
[15:53] {Geo} will have to hunt here
[15:53] {Threei} this last selloff was more or less readable, but I really didn't want to geopardize this day by trading on last minutes
[15:53] {dino} shoot forgot v order, l .80
[15:53] {Threei} geopardize is jeopardize with nod to Geo
[15:54] {Geo} thank you
[15:54] {Threei} welcome
[15:54] {Geo} geo paradise
[15:54] {Threei} jeopardizing geo paradise
[15:54] {Threei} poetry that will make peter cringe
06[15:55] * Threei is very proud of his linguistic abilities even though he realizes he is the only one thinking they are any good
[15:55] {Geo} so..... do new guys/girls introduce themselves?
[15:55] {Threei} kidding?
[15:55] {Geo} Hi I am geo and stocks love me
[15:56] {Threei} they feel like they are in a ental asylum
[15:56] {Geo} oh
[15:56] {Threei} mental
[15:56] {Threei} and really, looking at out dialogues, can you blame them?
[15:56] {Geo} the room has been empty since magoo took to goog and bidu
[15:57] {Threei} empty?
[15:57] {Threei} what am I, chopped liver?
[15:57] {Geo} from his comments
[15:57] {Geo} lol
[15:58] {Threei} even some of oldtimers try to avoid any communication with us... and you want new guys to keep such dubious company?
[15:58] {peterg} ditto; more emo probs, wtd to break chair but didnt
[15:58] {peterg} never mind
[15:58] {Threei} we won't
[15:59] {dino} out ci flat
[15:59] {Threei} sorry about that undeserved CEPH slap dino
[15:59] {Threei} that was uncalled for
[15:59] {Threei} hate when this happens
[15:59] {dino} me too
[16:00] {Threei} OK guys, thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you all tomorrow
[16:00] {dino} holding v over/afterhours
[16:00] {peterg} thks, gnite have fun and not too much bodka
[16:00] {Geo} thanks
[16:01] {dino} will watch ceph tomorrow
[16:03] {lisa_jay} Thanks Vad, Dino.

Tuesday, November 4, 2008

Nov 04 2008

Mostly boring day, just as we thought it would be. Profitable but nothing outstanding. Had a chance for some educational conversation, check it out starting 13:48

Session Time: Tue Nov 04 00:00:00 2008

[06:39] {amarg} hello vad and dptl
[08:01] {magoo} morning
[08:03] {lisa_jay} Hi Guys.
[08:09] {Threei} good morning
[08:10] {magoo} solar active..eslr, csiq, solf fslrs
[08:10] {Threei} CSUN is the smallest gap
[08:18] {lisa_jay} Hi Vad.
[08:18] {Threei} lisa :)
[08:25] {Threei} HYGS
[08:25] {Threei} - Announced it was awarded a contract to deliver two hydrogen powered fuel cell buses to Vestische Strassenbahnen GmbH, a public transit operator in the North Rhine Westphalia region of Germany.
[08:26] {Threei} who was this poor soul who bought HYGS 1.55
06[08:57] * laserdave1 slaps Threei around a bit with a large trout
06[08:57] * laserdave1 slaps magoo around a bit with a large trout
[08:58] {Threei} wow
[08:58] {Threei} real early riser we have
[08:58] {laserdave1} i just gotta keep it really random
[08:58] {Threei} kept trout on his nightstand too
[08:59] {laserdave1} ya and now my rooom smells like roses
[09:02] {dptl} good morning all
[09:03] {Threei} dp :)
[09:06] {Geo} gm
[09:06] {lisa_jay} Hi Geo, Dp.
[09:07] {Threei} Geo :)
[09:08] {Onix} Good morning all
[09:09] {Threei} onix :)
[09:12] {Threei} watching UAUA
[09:12] {Threei} strangely weak
[09:13] {Threei} it has habit of sharp dive after the open, then very strong recovery
[09:14] {Onix} oil up nearly $2
[09:14] {peterg} morning all
[09:14] {Threei} peter :)
[09:17] {Threei} be back in 5
[09:17] {tomg} gm all
[09:17] {Threei} tom :)
[09:19] {Onix} hi peter, tom
[09:20] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {Onix} hi dino
06[09:22] * magoo slaps laserdave1 around a bit with a large trout
[09:22] {magoo} dcc quick
[09:23] {ese} morning......
[09:24] {Threei} ese :)
[09:24] {ese} is there news on ESLR
[09:24] {Onix} hi ese
[09:24] {tomg} uso pb to 54?
[09:25] {Threei} not ESLR specific ese... solar sector strength in general lifts it
[09:26] {Threei} can't tell tom... this thing is rarely giving clear read
[09:26] {ese} tks....i'm up $2100.00 beans ....nice way to wake up
[09:26] {tomg} ty
[09:26] {Threei} those are cool beans ese, wtg :)
[09:26] {lisa_jay} Great job ese, how many days overnight was this hold?
[09:27] {lisa_jay} Sorry Ese...typed ese.
[09:28] {ese} hi lisa....I have an averaged position at 4.95 3800 shs.
[09:28] {peterg} lisa, we are all lower case
[09:28] {peterg} not to be confused with class
[09:28] {lisa_jay} :-)
[09:29] {ese} i've had it for about 3 weeks hanging on longer
[09:29] {lisa_jay} Thanks Ese.
[09:29] {ese} stop loss is now in....
[09:31] {amarg} dxd
[09:31] {Threei} UAUA, sharo dive under 15.50 and I am interested
[09:32] {Threei} no dive
[09:34] {Threei} Long Setup: SOLF .45 if holding above .25
[09:34] {Threei} volatile one
[09:35] {magoo} in agg .35 solfg
[09:35] {Threei} keep stop under .20 with this entry
[09:35] {magoo} k
[09:35] {Threei} 9.50 be taken
[09:36] {Threei} offer half around .60
[09:37] {magoo} .61
[09:37] {Onix} in
[09:37] {Onix} SOLF @ .38
[09:40] {dino} ci
[09:41] {dptl} stopped solf
[09:41] {Threei} no go
[09:41] {Onix} stopped solf
[09:41] {Threei} market weakened too much
[09:42] {_maga} hi Vadyn hi everybody
[09:42] {Threei} morning maga
[09:46] {dino} gm maga
[09:49] {dino} sm l aapl .80
[09:49] {Threei} Long Setup: LVS half lot 14 break if stays above .80
[09:50] {Threei} SOLF, that was rude
[09:50] {Threei} LVS setup invalidated
[09:50] {magoo} second try vad?
[09:50] {amarg} anyreason to enter solf again
[09:51] {Threei} not here
[09:51] {magoo} k
[09:51] {Threei} it works on pullbacks rather then breaks
[09:51] {dino} gap fill in the making?
[09:51] {Threei} quite probable dino
[09:52] {dino} been the pattern
[09:52] {magoo} aapl vad..bouncer?
[09:52] {lisa_jay} lvs vad?
[09:52] {dino} not yet tho, imo, feels up
[09:53] {dino} aapl sdtoppec -.50
06[09:53] * Chaeron slaps laserdave1 around a bit with a large trout
[09:53] {dino} ugh spelling
[09:53] {Chaeron} good morning all
[09:54] {Threei} chaeron :)
[09:55] {Threei} factory orders in 5 minutes
[09:55] {magoo} vad, any read AAPL RIMM?
[09:55] {Threei} not sure if market cares, unless number is extraordinary
[09:55] {Threei} no mags
[09:55] {Threei} market needs to fund surer footing
[09:56] {magoo} bounce somewhere boiss
[09:56] {magoo} alot of pos nmrews ghis morn
[09:56] {tomg} uso vad? took the bounce off 54
[09:56] {Threei} say what?
[09:56] {Threei} that beats any misspeling mags :)
[09:56] {magoo} ty
[09:57] {Threei} I would take profit and be happy tom
[09:57] {dino} no no no magoo, just watch, bounce does not have to happen
[09:57] {Threei} just can't read it really
[09:58] {tomg} ty
[09:58] {Threei} URRE is rising as if McCain was winning
[09:58] {dino} sitting, waiting
[09:58] {dino} wants to fill open gap
[09:58] {Threei} UAUA, quick dive under 15 for bounce
[09:59] {Threei} no exact call only for those who gets a feel for it
[10:00] {magoo} in .37
[10:00] {Threei} *SEPT FACTORY ORDERS: -2.5% V-0.8%E
[10:08] {dino} ci l .70
[10:09] {dino} afam
[10:14] {Threei} Long Setup: FITB .20 if stays above .10
[10:16] {dino} mygn
[10:18] {Threei} Long Setup: QQQQ .33 if stays above .25
[10:18] {ese} L FITB .21
[10:21] {Onix} in FITB & QQQQ
[10:22] {_maga} in FITB .22
[10:26] {Threei} FITB stop to .14
[10:27] {_maga} out .27
[10:28] {magoo} out uaua here .68
[10:28] {magoo} not best but worked
[10:28] {_maga} arg .. I misunddr
[10:28] {dino} gj
[10:28] {Threei} FITB 1:1
[10:28] {Threei} half out
[10:29] {Threei} scalpers know what to do
[10:29] {dptl} half ot
[10:29] {_maga} I misunderstood mean to raise the stop to .14?
[10:29] {Threei} yes
[10:29] {_maga} arg...
[10:29] {Threei} [10:26] {Threei} FITB stop to .14
[10:29] {Threei} how else do you read it?? :)
[10:30] {_maga} yes... it was just my mistake.... the first trade in this new world...
[10:30] {ese} out FITB .31 have to head to work...but i'll take the +.10
[10:30] {ese} see ya all tomorow
[10:30] {Chaeron} bye ese!
[10:31] {Threei} take care ese
[10:31] {ese} see ya CH.....Vad
[10:31] {Threei} QQQQ 1:1, half out or take scalp
[10:32] {Threei} stop to .32 for the balance
[10:32] {Threei} offer above .50
[10:32] {dptl} out q .47 ty
[10:32] {Threei} welcome
[10:32] {Threei} maga, if terminology is confusing, don't hesitate to ask
[10:33] {Threei} you know what the most stupid question is... one you haven't asked
[10:33] {dptl} still .14 stop fitb??
[10:33] {Chaeron} QQQQ in .34, out .48... +$0.14... thanks Threei
[10:33] {Threei} .18
[10:33] {Threei} welcome Ch
[10:33] {dptl} ty
[10:34] {_maga} right .... ok I will
[10:35] {dino} out ci .04, +.34
[10:36] {Threei} out Qs .54
[10:36] {Threei} ofering FITB balance .45
[10:38] {tomg} nvda
[10:38] {dino} afam l sm .05
[10:38] {Onix} FITB 2/3 out @ .38
[10:38] {magoo} just got off phone w/UAUA vad...nasty call
[10:38] {Onix} all out .44
[10:38] {dptl} out some more .42 fitb
[10:38] {jmb} thanks vad FITS and QQQQ
[10:39] {Onix} ty VAD
[10:39] {Threei} welcome guys :)
[10:39] {Threei} mags
[10:39] {Geo} all out thanks vad
[10:39] {Threei} told ya zillion times... they go higher after you sold - UNPLUG THE PHONE!
[10:41] {Threei} 'cuase you know I am right there to provide your phone number to them... out of sheer compassion of course
[10:41] {Onix} also got 10c in QQQQ, ty Vad
[10:42] {Threei} welcome
[10:43] {dptl} all out .52 fitb ty
[10:43] {Threei} nice patience
[10:43] {Onix} gj
[10:44] {dino} dgj dp
[10:44] {Threei} GCOM
[10:45] {dptl} ye it, easier to hold when selling bit by bit on the way up :)
[10:45] {tomg} nvda vad? took break of .80
[10:46] {dino} v risky, v sm s mygn .15 wide
[10:46] {Threei} IMO, just put a stop under .70 and let it trade for now
[10:46] {tomg} ty
[10:46] {Threei} uh oh
[10:46] {Threei} really?
[10:47] {Chaeron} I'm skeered
[10:47] {Threei} you should be
[10:47] {Threei} CIT
[10:47] {Onix} i don't believe it ... they have been bailing out everything in sight
[10:48] {patience} and they have the art of printing money down pat...shouldn't be a problem
[10:48] {Threei} see Onix, what happend in reality was:
[10:48] {Threei} they were bailing everyone out,
[10:48] {Threei} then chaeron came and asked to bail him out,
[10:48] {Geo} i think the printing rollers are out of ink
[10:48] {Threei} they looked at him and said, there are limits
[10:49] {Geo} lol
[10:49] {dptl} lol
[10:49] {Chaeron} true story...
[10:49] {Onix} lol
[10:49] {Threei} I know, I was right there next in line
[10:49] {Onix} i was so far back you guys counld't even see me hey?
[10:50] {Threei} sorry onix, we kept eye on the ball... whiskey bottle that is
[10:50] {Threei} drown our sorrows
[10:51] {Onix} best way to go
[10:54] {Threei} wishbone, look dcc please
[10:56] {Threei} watch HIG and QQQQ
[10:56] {Threei} HIG gives somewhat exaggerated reactions on market moves
[10:56] {Threei} but overal follows
[10:56] {Threei} Qs jump, try to grab HIG, half lot
[10:57] {Onix} off to work, go well people
[10:57] {Chaeron} bye Onix
[10:57] {Chaeron} vote!
[10:57] {peterg} bye big O
[10:57] {dino} mygn bstop to .02
[10:57] {amarg} grab hig, it's on it's way down, logic?
[10:58] {Threei} amarg... re-read my comment
[10:58] {Threei} I cited condition to grab it
[10:59] {dino} stopped slipped .08, +.07
[11:02] {Threei} in HIG half lot
[11:02] {Threei} got .36
[11:02] {Threei} stop under .25
[11:06] {Threei} out
[11:09] {magoo} rimm sh loss 55
[11:09] {magoo} scalp small
[11:10] {magoo} needs mkt pullbk
[11:10] {dino} apei
[11:11] {dino} v sm risky wide apei s .40
[11:12] {magoo} in..weait around .55
[11:12] {magoo} cents
[11:12] {dptl} Vad,slw....break of .30 short looks ok??? with stop above .40??
[11:13] {Threei} well, with 10 cents risk almost any trade looks OK :)
[11:13] {Threei} don't know dp,
[11:13] {magoo} .46 stop
[11:13] {Threei} commodities are strong today
[11:13] {Threei} feels against the current
[11:14] {Threei} SLW is silver play
[11:14] {dptl} ye..thats were i have prob ..i see lots of thouse set ups.. and lots of time overtrading them
[11:15] {Threei} today is pretty much repetition of yesterday so far
[11:15] {Threei} quiet, slow
[11:17] {magoo} rimm stopped
[11:18] {dino} that palin is pleasant to look at in a pair of levi's
[11:20] {dino} mygn spikes again
[11:23] {amarg} why is hig having a reverse relation to the market today?
[11:24] {Threei} it doesn't have reverse relation...
[11:24] {Threei} it retreated in the morning with market
[11:24] {dino} reverse?
[11:24] {Threei} went up later with market
[11:24] {dino} ci perhaps
[11:33] {Threei} UAUA retreated again mags
[11:33] {Threei} worth watching for entry point
[11:33] {magoo} ok
[11:34] {magoo} might lose 15 this time vadf
[11:35] {dino} v sm dxd l .53
[11:38] {Threei} no pulse in the market whatsoever
[11:40] {dptl} took that slw short .29
[11:40] {Threei} just don't fall asleep
[11:40] {dptl} :)
06[11:42] * dino slaps dptl around a bit with a large trout
[11:42] {dino} making sure you're awake
[11:42] {dptl} :) thanx
[11:43] {dino} np
[11:46] {Threei} where else you get so much care dp
[11:47] {dptl} he he...
[11:48] {_maga} as you you are fond of is a gift:
[11:48] {_maga} }{\(\(\(°}
[11:48] {_maga} :-)
[11:48] {Threei} ROFL
[11:49] {dptl} lol
[11:50] {dino} dxd stopped -.30
[11:56] {dino} ci pullback
[11:58] {Threei} UAUA started teleportation pattern
[11:58] {Threei} did .54 - .70 twice
[12:03] {dino} pru sm s .00
[12:09] {Threei} what a major yawn
[12:09] {Threei} worse than yesterday
[12:10] {dptl} trmb?
[12:10] {Threei} no single day in August, traditionally dead month, was so boring as this
[12:11] {Threei} not sure it's worth the risk dp
[12:11] {dptl} uh too late took .23
[12:13] {dptl} gonna keep stop under .08
[12:14] {Threei} one sleeper stock was not enough for you weh
[12:15] {Threei} don't push dp... where there is nothing to do there is nothing to do
[12:15] {Threei} that's when you run up unneeded stops
[12:15] {dptl} yeah.. you right..
[12:18] {tomg} out uso
[12:18] {Threei} plus how much?
[12:19] {Threei} 4?
[12:19] {tomg} $4
[12:19] {Threei} beautiful
[12:19] {Threei} wtg
[12:19] {tomg} ty
[12:19] {tomg} 401k trade?
[12:20] {tomg} not a question, sorry
[12:20] {Threei} good way to heal that deeply sick 401K
[12:20] {tomg} yes, that's what i thought
[12:21] {dptl} mooving stop to under .14 trmb
[12:21] {dino} pru stopped -.49 sm
[12:34] {Geo} :)
[12:37] {magoo} NICE TOM
[12:41] {dino} ok amarg
06[12:44] * Chaeron must be dyslexic... keep reading amarg as magoo
06[12:45] * Geo is confused maga and magoo
[12:46] {magoo} me too..i keep thinking someone is talking to me
[12:46] {Geo} lol
[12:46] {Chaeron} that's all in your head magoo
[12:46] {Threei} that's nothing... I got confused this morning between 5 of my personalities, and in a state of confusing shaved wrong one
[12:46] {magoo} lets petition vad to change his name lol
[12:46] {Geo} dino thinks palin talks to her in her levis
[12:46] {Geo} to him :)
[12:48] {dino} she does
[12:48] {Threei} some problems over Internet
[12:48] {Threei} routes get dropped
[12:48] {Geo} lol@dino
[12:52] {Geo} hmm kicked out of room
[12:52] {Geo} okok palin talks to vad too
[12:52] {Threei} [12:48] {Threei} some problems over Internet
[12:52] {Threei} [12:48] {Threei} routes get dropped
[12:52] {Geo} :)
[12:54] {Threei} wow
[12:54] {Threei} SOLF
[13:03] {dptl} .
[13:10] {lisa_jay} If any one is awake, was wondering if you could help me with placing hard stops.
[13:10] {lisa_jay} I have learnt that I am too slow / not disciplined so need hard stops
[13:11] {Chaeron} I'm awake LJ, but don't use them
[13:12] {lisa_jay} Ok, thanks Chaeron.
[13:12] {Chaeron} sorry... why do you feel as tho you're not disciplined?
[13:13] {lisa_jay} History of my life...usually when the stop price hits i hesistate.
[13:14] {lisa_jay} Results in move of 5+ c before i take stop.
[13:15] {dino} axp s .70
[13:17] {Chaeron} .05 isn't bad... I use a bit of pad at times, no more than that tho... usually a couple cents
[13:18] {lisa_jay} Ok, will get it eventually I guess.
[13:18] {Chaeron} I'm sorry.. I don' tknow how to enter them even on Laser... you on Laser?
[13:19] {lisa_jay} Not on Laser...I guess slippage of couple of cents will happen even with hard stops.
[13:20] {lisa_jay} Does anyone use Limit Orders with stops?
[13:20] {dptl} me
[13:20] {Geo} interesting dp
[13:20] {Chaeron} psychologically speaking tho, don't let it become an excuse to let .02 turn into .20... make sense?
[13:20] {Geo} 5 cent limit?
[13:21] {Geo} you using OMS mod dp?
[13:21] {lisa_jay} Chaeron - this is why I need hard stops. With the volatile stocks stocks it can happen in a blink.
[13:22] {dptl} only if too slow stock and i have to step out
[13:22] {Geo} ok
[13:23] {Chaeron} true... know your limits and don't play RIMM, etc until you got it down and disciplined. You don't have to take every trade... every stock has a diff personality. Like I normally won't trade wide spread stocks... my personal limitation
[13:23] {lisa_jay} How much of spread do you limit yourself to?
[13:23] {dino} and i will......but smaller size
[13:24] {Chaeron} depends on stock
[13:24] {Chaeron} some I see .20+... won't touch... .10 is questionable and less is ok
[13:26] {lisa_jay} Ok, thanks Chaeron.
[13:27] {dino} lisa...if i may....
[13:27] {lisa_jay} Please...(no trout though)
[13:27] {dino} you must find YOUR edge, not everybody else's
[13:28] {dino} then simply manage the risk (size and stops), be consistant, and keep it simple
[13:28] {Chaeron} excellent point dino
[13:28] {dino} as long as you have some sort of edge, it will work over time
[13:28] {lisa_jay} Consistancy is hard for me.
[13:29] {Chaeron} you have MPP?
[13:29] {lisa_jay} Yes, working through it.
[13:30] {Chaeron} keeping track of trades and then go back review winning and losing ones and see what pattern comes from it
[13:30] {Chaeron} know yourself
[13:30] {dino} consistanc how? w/stops? then no excuse....simple as that
[13:30] {dino} enter hard stops if that is the problem
[13:31] {lisa_jay} Ok.
[13:31] {Chaeron} I would bet it would show what dino summed up
[13:31] {dino} remember trading is not about being right (learn to expect losses), it's about trading right (consistency)
[13:32] {peterg} essential issue in facing facts--oops mkt going against me, I'm outa here return to security
[13:32] {Chaeron} just take the stop.. either that or we won't have you to trout because you'll eventually be gone... and I'd be sad :(
[13:32] {peterg} I keep having to work throught the humiliation of error
[13:32] {peterg} well said master ch
[13:32] {dino} i expect to lose on 4 of 10. bthats my edge
[13:32] {peterg} what a realist
[13:32] {peterg} still want perfection
[13:33] {dino} so as i say to my son, when he says i'm wrong..."so what, i was wrong 5 times today"...get it...nothing matters
[13:33] {peterg} nothing is real, strawberrry fields fordever
[13:33] {dino} no perfection peter, it is simply an odds game...think in probabilities
[13:34] {peterg} right
[13:34] {peterg} getting better
[13:34] {dino} when i hit 4 or 5 in row, i sit back, because the house will smack me soon
[13:35] {peterg} many on the list are hard-core traders, earning a living at it. I respect that. For the present, I want to earn an allowance.
[13:36] {dino} then, with all respect, keep it simple
[13:36] {lisa_jay} I am trying to become a full-time trader too. It really is hard.
[13:37] {peterg} Oh yeah. Emotions being the biggie.
[13:38] {dino} you are complicating it then. find your edge, keep it simple. everybody is different and trades differently. no one right way
[13:38] {dino} if you never find "your edge" you will fail
[13:38] {peterg} I agree with you dino and am currently trading apple patterns with some success
[13:39] {dino} good.
[13:39] {peterg} I feel bits of edge from time to time, but have always felt
[13:39] {peterg} i am a slow learner
[13:39] {dino} lol
[13:39] {peterg} turtles get there
[13:40] {Chaeron} but you gotta stick your neck out to get there :)
[13:40] {peterg} registered a URL:
[13:40] {peterg} still working on motto: run in graba bite and get out
[13:40] {dino} way of turtle...good book 1st have
[13:40] {peterg} good pt ch
[13:41] {dino} have=half
[13:41] {peterg} turtle with flying fingers
[13:42] {Geo} hmm whats up with yhoo today
[13:42] {peterg} the secret methods that turned ordinary people into legendary traders
[13:42] {peterg} way of turtle
[13:43] {peterg} you recommend book dino?
[13:44] {dino} the 1st half made alot of sense to me
[13:44] {dino} it was all a system, those who broke it washed out
[13:45] {dptl} what the name of the book?
[13:46] {dino} way of the turtles, curtis faith
[13:46] {dptl} ty
[13:46] {dino} trading places movie sort of take on it
[13:48] {Threei} if I may...
[13:48] {Threei} [13:32] {peterg} I keep having to work throught the humiliation of error
[13:48] {Threei} see... there is no such thing in reality
[13:49] {Threei} you enter a stock on certain setup
[13:49] {Threei} no setup is garanteed to work in each given case
[13:49] {Threei} so the chance of it not working is always there
[13:49] {Threei} thus, there is no error
[13:49] {Threei} as dino said, you simply playing the odds
[13:50] {dino} :) flip a coin
[13:50] {Threei} odds are in your favor over statistically valid size of sample
[13:50] {Threei} if you play valid setups
[13:50] {Threei} but ech given case may or may not work
[13:50] {Threei} it's not working - get out and wait for the next bus
[13:51] {Threei} no error, no humiliation, no reflection of losing trade on your celf-perception
[13:51] {peterg} Right--I suffer from overactive hypercdritical superego
[13:51] {dino} axp bstop to .58
[13:51] {dino} cov +.12
[13:51] {Threei} and from our spelling that started rubbing off of you
[13:51] {peterg} yess
[13:51] {peterg} getting looser, better
[13:51] {dino} anything can happen...nothing matters
[13:52] {Threei} not many think of it this way but here is one of the most important traits of a trader:
[13:52] {peterg} true zen
[13:52] {Threei} self-irony
[13:52] {peterg} what
[13:52] {peterg} oh
[13:52] {Threei} not taking yourself too seriously
[13:52] {Threei} then your ego doesn't kick in
[13:52] {peterg} well, isn
[13:52] {peterg} t that the trick,
[13:53] {Threei} before hitting that buy button, ask yourself "ready to lose 150/"
[13:53] {dino} bingo
[13:53] {Threei} here we go then,
[13:53] {Threei} 150 is thrown on the table
[13:54] {Threei} now, was I the smartest one on a planet or was I complete finished unbeatable idiot?
[13:54] {peterg} Both?
[13:54] {Threei} oh, it's a stop - I was second biggest idiot on earth
[13:54] {Threei} fine, shurg, dry laugh
[13:54] {Threei} next
[13:55] {peterg} I wanna be the new James Bond guy
[13:55] {dino} big deal, in the end it (his stop) doesn't matter if you have an edge
[13:55] {Threei} exactly
[13:55] {dino} vad is a shrink. he taught me
[13:55] {Threei} who is here from the get go
[13:55] {Threei} chaeron
[13:55] {Threei} cosmo
[13:55] {Threei} raven
[13:55] {Threei} jmb
[13:55] {Threei} ask them:
[13:55] {dino} as soon as it did not matter, i started making $
[13:56] {Threei} how many stops have I taken over these years?
[13:56] {peterg} hmmmm
[13:56] {peterg} this deeep
[13:56] {Threei} zillion
[13:56] {Threei} or two zillions
[13:56] {Threei} so what?
[13:56] {dino} 80/month ave
[13:56] {Threei} ask dino, magoo:
[13:56] {Threei} how many times have they seen me going through cluster of losses
[13:56] {Threei} and next question:
[13:57] {dino} and you know what, the only stops that ,attered are the ones not taken
[13:57] {Threei} was there any single time I wouldn't recover in the next few (hours, days, weeks)
[13:57] {dino} mattered
[13:57] {Threei} and made it all back and a lot more
[13:57] {Threei} very true
[13:57] {Threei} that one stop you never took can do you in
[13:57] {dino} thats they key
[13:57] {peterg} That much I get solidly
[13:58] {Threei} it's just a normal part of trading, part of playing the odds
[13:58] {Threei} shrug it off
[13:58] {dino} all other stops don't matter peter, pound that into your head
[13:58] {Threei} never let it reflect on your perception of yourself
[13:58] {peterg} So zen self analysis: too much desire (attachment) leads to error, suffering
[13:58] {Threei} reread these two posts in the blog
[13:58] {Threei} lemme find them
[13:59] {cosmo} its better to have traded and lost, than to have never traded at all
[13:59] {cosmo} no?
[13:59] {peterg} Shakespear, our first trader
[13:59] {peterg} yes
[13:59] {Threei}
[13:59] {dino} you see, imo, tading is like hitting a wall, and walls are made to keep people out. stops enable you to climb over the way
[13:59] {Threei}
[14:00] {Threei} ok dino, that's too deep :)
06[14:00] * Chaeron slaps laserdave1 around a bit with a large trout
[14:00] {Chaeron} DCC Dave
[14:01] {Geo} Its called a stepover stop.....
[14:01] {dino} lol. i am i leave w/this: being poor sucks, staying poor is stupid
[14:01] {Chaeron} amarg... DCC
[14:01] {Geo} hey raven.... i just remembered something...... have you seen the crown of the next king of bhutan?.... check it out and its history when you have time..
06[14:01] * Chaeron dcc'g everybody
[14:03] {dino} apei bstop to .15 all dayer
[14:03] {Chaeron} noone answering tho :)
[14:04] {lisa_jay} Thanks Vad, Dino, Chaeron, Peter...will print out todays log and read it every morning now.
[14:04] {Raven} crown on next king of Bhutan ????
[14:04] {dino} cov slippped ave .15, +.25
[14:04] {Raven} sheesh
[14:05] {Geo} humor me
[14:05] {Geo} google it
[14:05] {Raven} uh ... OK
[14:05] {dino} np lisa and gl
[14:05] {lisa_jay} thank you
[14:06] {Raven} Obviously a very smart new King ...
[14:07] {Geo} yes :)
[14:07] {Geo} amzinf place to visit
[14:08] {Geo} i thought youll be interested in the crown history though
[14:08] {Raven} I just want to see the damn crown
[14:08] {Raven} all I see is the king
[14:08] {Geo} lol
[14:08] {Raven} to hell with him
[14:09] {peterg} this is your crown, raven
[14:09] {Raven} perhaps
[14:09] {Geo} a crown surmounted by the head of a raven. The bird represents a form of Mahakala, Bhutan's guardian deity. The prototype of the founding monarch's Raven Crown had first been devised as a battle helmet for his father, Jigme Namgyel (1825-81).
[14:10] {Raven} I see
[14:10] {peterg} google raven crown under images
[14:11] {Raven} that's a thought
[14:12] {Geo}
[14:12] {Raven} ugly damn thang ... not my kind of Raven
[14:12] {Geo} lol
[14:13] {Geo} its an approximation
[14:13] {Raven} I expect accuracy
[14:13] {Geo} killing a raven used to be capital punishment in bhutan
[14:13] {Raven} should be that everywhere
[14:14] {Geo} much better logo
[14:14] {Geo} of crown
[14:14] {Geo} ok ill stop spamming now
[14:15] {Raven} still looks dopy
[14:15] {Raven} dopey
[14:15] {Geo} i was more interested in the folklore
[14:15] {Geo} :)
[14:15] {Raven} I don't trust folklore
[14:15] {dino} kbr s .52
06[14:16] * Geo sighs and goes back to corner
[14:16] {Raven} {----------- back to his perch
06[14:18] * Chaeron slaps amarg around a bit with a large trout
[14:18] {Chaeron} I left you a DCC
[14:20] {lisa_jay} your DCC.
[14:26] {dptl} pei?
[14:28] {Threei} 11 break? :)
[14:29] {dptl} missed
[14:29] {dptl} 11 missed .18
[14:29] {dptl} it's ok
[14:29] {dptl} :)
[14:29] {Chaeron} sigh... I'm lost... even tried typing GRRR in quote box
[14:31] {dino} met l .72
[14:36] {dino} met stopped -.22
[14:40] {dptl} wfr...may be? .10
[14:40] {Threei} could be
[14:41] {dptl} damn .10
[14:41] {Threei} didn't wait for break?
[14:41] {Threei} .10 was tagged last time around too
[14:41] {dptl} it started
[14:47] {dptl} oh well...stopped -.16
[14:47] {Threei} - positions being filled with internal promotions.
[14:47] {Threei} - also notes Google is cutting back on some perks.
[14:53] {peterg} selling off its czech fighter jet?
[14:57] {dino} cov kbr .48 +.04 thing won't drop
[14:57] {dino} ci l .60
[15:01] {Threei} MA lost its mind
[15:01] {Threei} Cramer TV hype
[15:04] {Threei} magoo fess up... shorted GOOG?
[15:05] {magoo} earlier i did yes
[15:05] {Threei} on new headline I mean
[15:05] {Threei} news
[15:05] {magoo} yes
[15:05] {Threei} :)
[15:05] {magoo} before u posted i heard it faber
[15:06] {Threei} nice
[15:06] {Threei} how many points?
[15:08] {Threei} highest turnout election in 100 years
[15:19] {dino} out ci .62 +.02 stuck one
[15:21] {Geo} .
[15:23] {Threei} what an amazingly empty day
[15:23] {dino} ................
[15:23] {dino} oh contrare my friend about 1.4x
[15:24] {Geo} sheesh
[15:24] {Geo} -90 here
[15:24] {Threei} lol
[15:24] {Threei} still up thanks to those morning trades but nothing to write home about
[15:24] {dino} 400 neg. yesterday geo, usually one day/week
[15:25] {Geo} i screwed up a stop
[15:25] {Geo} youre a machine dino
[15:25] {Geo} and i mean it in a good way
[15:26] {Threei} you will be too... when you stop roaming all over internet looking for some weird new things, softwares, people etc :)
[15:26] {Geo} hey
[15:26] {dino} just lucky
[15:26] {Threei} {dino} just trade
[15:26] {dino} axp l .38
[15:26] {Geo} the raven crown was on headlines yesterday
[15:26] {Threei} no, that's fuin... that's OK
[15:27] {Threei} fun too
[15:28] {Raven} {}
[15:32] {dino} pout axp .50, +.12
[15:32] {dino} out
[15:32] {Geo} comeon vad
[15:32] {Geo} gimme a trade
[15:33] {Geo} ill go positive !!!!
[15:33] {dino} just did
[15:33] {Geo} what
[15:33] {Geo} ?
[15:33] {Geo} i am disconnected :(
[15:33] {Threei} [15:26] {dino} axp l .38
[15:33] {Threei} 15:32] {dino} out axp .50, +.12
[15:34] {Geo} uhh yeah i dont take dino trades
[15:34] {dino} how do you repeat?
[15:34] {Geo} it shortens my life
[15:34] {Threei} lol
[15:34] {dino} hmmmmmmm
[15:34] {_maga} look LVS what a capitulation pattern
[15:34] {Threei} yeah
[15:34] {Threei} probably bounce time
[15:34] {Threei} risky as hell
[15:34] {dino} ci l .77
[15:36] {Threei} .71 LVS long half lot if stays above .50
[15:36] {Threei} only if feel like living on the edge
[15:37] {dino} ci stop to b/e
[15:39] {dino} out ci .87, +.10
[15:40] {Threei} with that huge offer at .60 can change to more aggressive entry
[15:40] {Threei} .60 break
[15:42] {Threei} and with such tight stop can do full lot probably
[15:42] {Threei} pesonal decision
[15:43] {dawg} in LVS .59 sm lot
[15:44] {_maga} in lvs at .6
[15:44] {dawg} out 1/2 LVS
[15:44] {Threei} half out .79
[15:45] {lisa_jay} Got .19 on LVS thanks Vad.
[15:45] {Threei} lisa :)
[15:45] {Threei} geo??
[15:45] {Geo} got .17 thanks
[15:45] {Threei} whew
[15:45] {_maga} out .76 got +0.16 TX Vad
[15:46] {Threei} welcome maga
[15:46] {Threei} offering balance 13.05
[15:46] {Threei} may have to ree-valuate
[15:46] {Threei} but for now, let it be there
[15:49] {Geo} back in black..... phew.... election day sucks
[15:49] {Threei} lol
[15:49] {Geo} also took break of 22.2 on vrsn
[15:50] {dino} gj geo
[15:50] {Geo} yeah i would hate to loose money in vad's room
[15:50] {Threei} I just listened to joe the plumber
[15:50] {Threei} that's how bored I am
[15:50] {Geo} it would spoil his record
[15:51] {Geo} i heard he signed up for a record deal
[15:51] {Threei} amazing how no one gets his answer why he doesn't want 25K+ guys to pay more taxes since he makes nowhere close to that amount
[15:51] {Threei} he is likely to benefit so why he objects
[15:52] {Threei} maybe because he doesn't want someone's money?
[15:52] {Threei} I wouldn't
[15:52] {Geo} he is just not comfortable vad
[15:52] {Threei} I don't see myself as a looter
[15:52] {Threei} or charity reciever
[15:52] {dawg} Vad are you still offering 1/2 LVS
[15:53] {Threei} yes but time runs out on me
[15:53] {dino} ci s .00 risky
[15:53] {Threei} not likely to work
[15:53] {Threei} but whatever... finished day with nice trade
[15:54] {Threei} and in the money
[15:54] {dawg} out last half 12.63
[15:54] {dino} stopped .97, cov +.03
[15:54] {dino} too tight
[15:55] {dino} i believe that is all for me today
[15:56] {Geo} vad if you have time dcc pls
[15:56] {Threei} just a few
[15:56] {Threei} let me exit this thing before the bell :)
[15:56] {Geo} sure ill page after close
[15:56] {Threei} much as like to chat with ya... don't want LVS overnight {G}
[15:56] {Geo} [12:53] {Threei} but whatever... finished day
[15:57] {Threei} ok out
[15:57] {Geo} i thought you closed
[15:57] {Geo} sorry
[15:57] {Threei} .84
[15:57] {Threei} now it can go wherever it choses
[15:58] {dino} thx all
[15:58] {dptl} have a good evening all
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {lisa_jay} Thanks Vad.
[16:00] {Threei} see you tomorrow in a new country
[16:00] {Threei} go votye
[16:00] {magoo} ty vad
06[16:00] * Geo voted for romney
[16:10] {dino} gn all
[16:13] {dino} fwiw we are +19% on dji in 5 trading days,,,,sell the rips soon imo

Monday, November 3, 2008

Nov 03 2008

Nice first half of the day, then market got a bit listless. More of the same tomorrow I'd guess. Still, profit is profit

Session Time: Mon Nov 03 00:00:00 2008

[07:47] {amarg} hello vad
[07:47] {amarg} hello dptl and geo
[07:48] {lisa_jay} Hi Amar....are U from the East coast?
[07:48] {amarg} hello lisa, texas
[07:49] {amarg} I'm new to vad's trading, joined on friday, for the most part, just watched you guys talk on friday
[07:50] {amarg} have you guys been around this platform for a while, and what's your overall opinion?
[07:50] {lisa_jay} I am new too...only been trading 2 weeks with Vad.
[07:51] {amarg} I'm waiting for the study material package and went through the online reading,
[07:51] {lisa_jay} Did you get his course?
[07:51] {lisa_jay} Oh sorry...once you get the course a lot of Vad's calls will make sense.
[07:52] {amarg} do most people in your opinion trade based on vad's recommendations or when he produces a signal or do the materials teach you to generate those on your own
[07:53] {amarg} dptl and geo, maga, if you aren't busy, your comments would be well appreciated as well
[07:54] {amarg} lisa are you trading with mbtrading or who? what tools you use to call trades?
[07:55] {lisa_jay} I think most of the traders here take some of their own trades as well. Keep in mind that they have a lot of experience on their own and with Vad.
[07:55] {lisa_jay} They just don't post them all the time since they take on more risk (Aapl, bidu, goog etc) and are not for novice. I for one stick to Vad's calls mostly.
[07:56] {lisa_jay} Example Dino trades capitulation and euporia - but with very strict stops....
[07:56] {lisa_jay} I think.
[07:57] {lisa_jay} Amar, talk to Vad about the best trading platform to use. I don't use MB trading.
[07:58] {_maga} hi everybody, I'm new too. today is my first day. so I cannot judge but I loved Vadym's books a lot!
[07:58] {_maga} #floor Cannot send to channel
[07:58] {amarg} thank you, my goal is to learn a program or techniques to be able to make more right calls than before, without that I feel all we do is gamble
[07:59] {lisa_jay} Yes.
[07:59] {amarg} so any comments on checking out whatever tools to better your probabilities is well appriciated
[07:59] {_maga} I agree
[08:00] {amarg} man, was I wrong on thinking that market was going down to test 7500 and hoping that DXD will head further up, while it fell by 20 points last week
[08:04] {magoo} morning
[08:04] {lisa_jay} Hi Magoo.
[08:22] {Threei} Good morning
[08:23] {Threei} 11/03/08 06:00am
[08:23] {Threei} [DRYS] DryShips, Inc Reports Q3 $3.53 v $3.60e, R $329M v $306Me
[08:23] {Threei} - Q3 Net voyage revenue $228.2M v $140.5M y/y
[08:23] {Threei} - Sees Q4 costs of $7.9M for dry docking
[08:23] {Threei} - Firm has total liquidity of $1.6B
[08:23] {_maga} good morning Vad
[08:23] {Threei} morning maga, welcome to the room
[08:23] {Threei} nice numbers and gap DRYS... but:
[08:24] {Threei} 08:13am Baltic Dry Bulk Index falls 2.8%, down 21 straight sessions (lowest reading since Feb 1999)
[08:24] {_maga} thank you
[08:24] {Threei} lasr week heroes are showing strength again this morning
[08:25] {Threei} UAUA and LVS
[08:25] {Threei} magoo, on AAPL:
[08:25] {Threei} - Notes production could fall approx 40%
[08:26] {Threei} 8:22am, dropped whole point on this comment
[08:27] {Threei} just keep in mind your bellweather may disconnect from the rest of the market if players take tgis seriously
[08:29] {Threei} who hates this endless jerking the clock back and forth twice a year, raise your hand...
06[08:29] * magoo slaps Threei around a bit with a large trout
[08:29] {Threei} one hand, I see
[08:29] {tomg} speaking of clock, didn't there used to be a real time clock on Laser somewhere?
[08:29] {tomg} gm btw
[08:30] {Threei} morning tom
[08:30] {tomg} on level II, I thought
[08:30] {Threei} yes
[08:30] {Threei} window right under amount of shares
[08:31] {Threei} when you click on it it toggles between T and %
[08:31] {Threei} T is time
[08:31] {Threei} works on NASDAQ stocks only I think
[08:31] {tomg} ah, got it back, ty vad
[08:31] {amarg} you mentioned DRYS, is that a play for short sale based on baltic index?
[08:32] {Threei} not necessary
[08:32] {Threei} news is news... it's not always a sole reason for a play
[08:32] {Threei} reason to look, yes
[08:33] {Threei} all too often stock does opposite to what news suggests
[08:33] {Threei} which is a great opportunity to "fade the news"
[08:33] {Threei} price/information divergence...
[08:34] {Threei}
[08:34] {amarg} since I'm new and not familiar with what are some of the usual symbols traded, can you throw out some symbols so that I can study them and be ready when you make a call
[08:35] {amarg} of course I imagine you follow a few stocks regularly
[08:35] {Threei} it's not like we have a firm list
[08:35] {Threei} but yes, some usual suspects appear now and then
[08:35] {Threei} and we play them regularly while they are active
[08:35] {Threei} lately, examples would be
[08:35] {Threei} UAUA
[08:35] {Threei} LVS
[08:35] {Threei} HIG
[08:35] {Threei} ADBE
[08:36] {Threei} then they run out of favor
[08:36] {Threei} new ones appear
[08:36] {Threei} about a year ago we played whole list of solars practically every day
[08:36] {Threei} haven't heard from them in quite a while
[08:36] {Threei} but I suspect they may be back in play on election outcomwe
[08:37] {Threei} or not... tape will tell
[08:37] {magoo} ty on aapl news vad
[08:38] {Threei} so let me get this straight... you trout me first, look later?
[08:39] {magoo} u got that right...whats the problem:)
[08:40] {Threei} none, I would worry about your health if it was any different
[08:47] {magoo} vad, news bidu?
[08:48] {Threei} 07:00am [BIDU] Announces $200M stock buyback (2.8% of market cap)
[08:48] {dawg} good morning everyone, new subscriber here
[08:48] {Threei} morning dawg, welcome aboard
[08:49] {dawg} Thank you Vad you have been doing a fabulous job from the logs
[08:49] {Threei} hmmm... 6.05?
[08:50] {Threei} why is it available under 5?
[08:54] {lisa_jay} Good morning Vad.
[08:54] {Threei} lisa :)
[08:56] {Threei} LVS tested Fri high
[09:00] {lisa_jay} Citi Upgrades Chip Sector - analyst recommends QCOM, NVDA, INTC, ALTR, STM, IDTC
[09:02] {dino} good morning reality trader (robin williams/nam)
[09:02] {Threei} morning dino
[09:02] {patience} good morning guygs :)
[09:02] {Threei} patience :)
[09:02] {Onix} Good morning all
[09:02] {Threei} onix :)
[09:03] {lisa_jay} Hi Patience, Dino, and Onix
[09:05] {patience} good morning lisa, where do you live?
[09:05] {lisa_jay} CT.
[09:05] {patience} is it cold yet?
[09:05] {dino} :)
[09:06] {lisa_jay} Yes..should be nice today though (61)
[09:06] {dino} welcome to the jungle newbies
[09:06] {dino} follow vad to learn, imo. i trade on my own
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:07] {lisa_jay} Hey Geo.
[09:07] {dino} thinking out loud, will the insurers offer more fun today
[09:07] {Onix} hi
[09:07] {Onix} geo
[09:07] {cosmo} SOLF maybe
[09:07] {_maga} tx Dino
[09:07] {Threei} Geo, you know who was asking for you on Fri, right?
[09:07] {Geo} ?
[09:07] {lisa_jay} :-)
[09:08] {Threei} starts with A
[09:08] {Threei} ends with S
[09:08] {Threei} and has RR in the middle
[09:08] {Geo} hehehe
06[09:08] * Geo respects alll animals
[09:09] {Threei} be back in 5
[09:12] {dino} np maga
[09:14] {Threei} one thing we need to gauge today is,
[09:15] {Threei} will market hesitate before the election or it pretty much made up its mind
[09:18] {dptl} good morning all
[09:18] {Threei} dp :)
[09:18] {Onix} Hi dp
[09:20] {Threei} uncertain opening so far
[09:20] {Threei} let's be patient as always
[09:20] {cosmo} 10 min i say
[09:20] {Threei} that's a certain spect of it, yeah
[09:20] {Onix} have not seen the market this calm for many months
[09:20] {Threei} yes... meek action
[09:21] {Threei} wait for good safe plays, no point in jumping with both feet while market decides
[09:22] {Onix} solid advice as always, ty
[09:23] {Threei} NVDA is green
[09:24] {Threei} not something I'd try to buy right out of the gate but worth keeping eye on
[09:24] {Threei} LVS and UAUA as usual, pullback buys rather than breakout
[09:24] {peterg} mornng team
[09:24] {Threei} peter :)
[09:25] {Onix} hi peter
[09:26] {peterg} hi
[09:26] {peterg} !
[09:28] {_maga} yes the same was here in Europe, the market was as calm as I was no more used to
[09:28] {cosmo} SOLF tests 6.50 at some point fwiw
[09:28] {Threei} rough waters became a norm, lol
[09:28] {Threei} qwe are uncomfortable in calm seas now
[09:29] {Threei} SOLF is a play if consolidates a bit, then breaks
[09:30] {ese} morning
[09:30] {Threei} ese :)
[09:31] {Threei} Long Setup: UAUA half lot .50 break
[09:31] {Threei} STOP UNDER .40
[09:31] {magoo} missed
[09:31] {Threei} too fast?
[09:31] {Threei} ok, don't chase
[09:31] {Threei} let it pull back
[09:31] {lisa_jay} this pullback buyable?
[09:31] {Threei} market sharp red bar
[09:32] {Threei} LVS
[09:32] {Threei} watch for bounce from 15
[09:32] {Threei} no exact entry price, more of a gut play
[09:33] {Threei} in .95
[09:33] {Threei} stop under .80
[09:34] {Threei} UAUA .60 break long if stays above .50
[09:34] {Threei} half out LVS 15.20
[09:35] {Threei} stop to under 14.90 for the balance
[09:36] {Threei} offering balance .55
[09:37] {Threei} missed UAUA
[09:38] {Threei} out balance LVS
[09:38] {Threei} Long Setup: SOLF .57
[09:39] {magoo} dam
[09:39] {Threei} stop under .45
[09:39] {magoo} missed solf
[09:39] {Geo} y
[09:39] {Onix} ty Vad, got 70c LVS on 100 sh
[09:39] {Threei} :)
[09:39] {Threei} anyone got SOLF?
[09:39] {Threei} if not I won't trackl it
[09:40] {lisa_jay} Not me.
[09:40] {ese} missed it as well
[09:40] {peterg} nope
[09:40] {Threei} OK
[09:40] {Threei} UAUA
[09:40] {magoo} rimm news vad
[09:40] {lisa_jay} lvs
[09:40] {Threei} nears that total breakout at 16
[09:40] {lisa_jay} sorry, wrong screen
[09:40] {lisa_jay} lvs
[09:40] {Threei} this is risky one
[09:40] {Threei} but daily is fantasic
[09:40] {Threei} C&H
[09:40] {Threei} le'ts try and structure it on both intraday and daily
[09:41] {Threei} Long Setup: UAUA 16 break if stays above 15.80
[09:44] {Onix} in UAUA @ 15.99
[09:45] {amarg} should i catch uaua if it comes near 16
[09:45] {ese} bstopQQQQ 33.03
[09:46] {Threei} yes, just not on a price alone - make sure it shows strength and reverses back up
[09:46] {Threei} but it doesn't look like it will
[09:46] {ese} l Q's .03
[09:47] {Threei} sold any Onix?
[09:47] {Onix} 1/3 @ .27
[09:48] {Threei} :)
[09:50] {dino} nstc sm l .00, stop lod
[09:53] {Threei} Long Setup: LVS .85 half lot
[09:53] {Threei} if stays abovce .70
[09:57] {Threei} half out UAUA .40
[09:58] {Threei} stop under 16
[09:58] {Threei} not a scalping play for me
[09:58] {Threei} aiming to sell 1/4 more at .75
[09:58] {Threei} and last portion above 17
[09:58] {Onix} out 1/3 more UAUA @ .47
[09:58] {Threei} {--- greedy
[10:00] {Onix} stopped lvs
[10:00] {Threei} LVS stopped
[10:00] {dawg} LVS stopped
[10:00] {Threei} SEPT CONSTRUCTION SPENDING (M/M): -0.3% V -0.8%E
[10:00] {peterg} made +.07 on LVS thks
[10:00] {Threei} OCT ISM MANUFACTURING INDEX: 38.9 V 41E; PRICES PAID: 37 V 48E
[10:00] {Threei} - Employment Index: 34.6 v 41.8 prior
[10:00] {Threei} - New Orders Index: 32.2 v 38.8 prior
[10:02] {magoo} going red boss
[10:03] {Onix} all out UAUA
[10:03] {Threei} I don't mind
[10:04] {ese} stopped Q's _.19
[10:04] {ese} ARGHHHHHH
[10:05] {ese} -.19 that is
[10:06] {dino} hl ceph l .00
[10:07] {peterg} hl?
[10:07] {Threei} half lot
[10:07] {peterg} tkis
[10:07] {dino} ceph stopped -.24
[10:10] {dino} qcom l sm .53
[10:10] {dino} stop is lod
[10:10] {Onix} Vad, you still in UAUA?
[10:10] {Threei} half
[10:11] {Threei} [09:57] {Threei} half out UAUA .40
[10:11] {Threei} [09:58] {Threei} stop under 16
[10:11] {Threei} [09:58] {Threei} not a scalping play for me
[10:11] {Threei} [09:58] {Threei} aiming to sell 1/4 more at .75
[10:11] {Threei} [09:58] {Threei} and last portion above 17
[10:11] {dino} kbr l .25, stop .99
[10:12] {Threei} Long Setup: NVDA 9.11 if stays above 9
[10:12] {dino} ice?
[10:14] {Threei} chart is short on 81.50 break... but you know how volatile this one is
[10:15] {Threei} GERn... I asssume is a play on stem cells supposed strength on election outcomwe
[10:15] {Threei} GERN
[10:16] {Threei} SOLF got away from us big time eh?
[10:17] {Chaeron} nvda
[10:18] {Chaeron} oops... Good morning all
[10:18] {Threei} good morning to you too chaeron
[10:19] {dino} ice sm l .55
[10:20] {dino} out ice .95, +.409
[10:20] {magoo} morn cvharbroil
[10:21] {dino} sm ceph last try .00 l
[10:21] {Chaeron} hey 3i, mags :)
[10:22] {ese} mags......
[10:22] {ese} i mean CHHHH...
[10:22] {Chaeron} heheh ese :)
[10:24] {Threei} done with UAUA balance
[10:24] {Threei} may get back to this play but so far too unclear
[10:25] {dino} qcom stopped -.26
[10:25] {lisa_jay} Choppy today
[10:26] {Threei} yup
[10:26] {amarg} stopped lvs at 9
[10:27] {lisa_jay} CVS
[10:27] {Threei} ?
[10:27] {Threei} 9?
[10:27] {_maga} LVS or NVDA?
[10:27] {amarg} i had a stop loss on nvda at 9 , filled, sorry it was nvda not lvs
[10:27] {Threei} ok
[10:28] {Threei} not particularly important in this case, but stop should have been under 9, not 9 itlself
[10:28] {Threei} loss of support signifies stop
[10:28] {Onix} stopped NVDA
[10:29] {amarg} so what would be your advice, activate price 9, become market at ?
[10:29] {Threei} under 9
[10:29] {Threei} 8.99
[10:29] {amarg} ok
[10:30] {Threei} market or limit, this is different matter altogether
[10:30] {Threei} why not exwecute it manually?
[10:31] {dptl} eslr
[10:31] {amarg} well, i put in the stop order otherwise, when it's hovering around 9 or 8.99, the hope attaches that it won't go down, and it usually does and to avoid possibility of more loss, I place the order to stop as soon as I buy, what you think?
[10:32] {Threei} well, if you suspect you may have psychological troubles taking a stop - then by all means use hard stop until you get more confidence in your self-discipline
[10:33] {Threei} from pure trading standpoint, I prefer manual stops
[10:33] {dino} lol amarg, you sound a bit like me
[10:33] {amarg} ha ha
[10:34] {dino} i'm generally an idiot is i don't use hard stops
[10:34] {dino} xtex blood
[10:35] {Threei} Long Setup: HIG .50 break half lot if stays above .30
[10:35] {Threei} fast and risky
[10:36] {elpaso} hig
[10:36] {dino} met l .50
[10:38] {magoo} in hig vad
[10:38] {Threei} out .75, full or half, whatever you prefer, half for me
[10:38] {Threei} stop to under .50 for the balance
[10:38] {magoo} wait .94 here
[10:39] {Threei} .95 for me
[10:39] {Threei} just to have bragging rights of beating you by 1 cent
[10:41] {dino} nice hig
06[10:41] * Threei kicks HIG in the rear
[10:41] {Threei} was that a kick or was that a kick
[10:41] {Threei} out .95
[10:41] {magoo} nice kick..out here .94 TY
[10:41] {Onix} yes nice HIG, was just too fast for me
[10:42] {lisa_jay} I am too slow this morning.
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
06[10:42] * laserdave1 slaps Threei around a bit with a large trout
[10:42] {Threei} sigh
[10:42] {Threei} abuse I take...
06[10:43] * Chaeron slaps laserdave1 around a bit with a large trout
[10:43] {laserdave1} i have been planning that attack all weekend
[10:43] {Threei} good plan... worked
[10:43] {laserdave1} was practicing keys and doing speed drills on weekend
06[10:43] * laserdave1 slaps Chaeron around a bit with a large trout
[10:43] {Chaeron} gotta get a life Dave.
06[10:43] * laserdave1 slaps magoo around a bit with a large trout
[10:43] {Threei} I need to stop relaxing over the weekend, and prepare my defenses
[10:46] {ese} long CSIQ on pullback. .70
[10:46] {dino} markets confused
[10:47] {dino} or maybe just me
[10:47] {dino} out ceph .30, +.30
[10:47] {ese} I think they are confusiated
[10:47] {dino} confusal, oh bother
[10:50] {Threei} rofl
[10:50] {Onix} ty dino, I got +.47 on 100 sh in MET
[10:51] {dino} stopped met .99, +.49
[10:51] {Onix} off to work now, by
[10:51] {ese} out CSIQ .95 +.25
[10:52] {Threei} nice ese
[10:52] {_maga} solf
[10:52] {Threei} solars get traction
[10:52] {ese} see ya onix.....will be doin same shortly
[10:52] {ese} tks vad
[10:53] {Threei} big move FSLR
[10:53] {dino} gj onix, .49 for me
[10:53] {Threei} lol, look at this
[10:53] {Threei} LVS
[10:54] {Threei} good morning Jefferies
[10:54] {Threei} can you say late to the party?
[10:54] {dino} timing way to cover their butts
[10:55] {Threei} uhhu
[10:55] {Threei} it works - told ya, it was a buy... it doesn't - told ya timing was uncertain
[10:55] {tomg} uaua?
[10:55] {Threei} by the way magoo... phone just rang, HIG called me an idiot, made evilish laughter and hung up
[10:56] {dino} thats why they make the big bucks
[10:56] {Threei} UAUA is scalp on bounces tom, no real read
[10:56] {Threei} etier you get a feel for a brief reversal to scalp or stay away
[10:56] {tomg} ty
[10:57] {magoo} dam vad...i wasnt even watching HIG
[10:57] {Threei} such major break as earlier 16 deserved much bigger move than 50 cents
[10:57] {magoo} had to show me eh?
[10:57] {Threei} drop back under it that far doesn't bide well for continuation
[10:57] {Threei} yes mags
[10:57] {Threei} why should I suffer alone
[10:58] {dino} met s .75
[10:59] {dino} cov -.15 no good
[11:00] {dino} l .00
[11:01] {Threei} listless range-bound market last hour
[11:01] {Threei} not pushing, waiting for something to shape up
[11:02] {dino} feels up imo
[11:02] {Threei} sure does
[11:03] {magoo} posilutely says dubya
[11:04] {Threei} CNN poll of polls has race tightened to 2 points
[11:04] {Threei} so there is a lot of uncertainty
[11:04] {dino} and down it goes
[11:05] {magoo} rimm back to old ways vad
[11:05] {magoo} finally
[11:05] {Threei} want to try .50 break?
[11:11] {dino} ci l .85
[11:15] {dino} out ci .09, +.24
[11:15] {Threei} Long Setup: MS 18.50 half lot if stays above .30
[11:16] {Threei} invalidated
[11:16] {Threei} HIG holding well while market retreats
[11:19] {magoo} target MS vad?
[11:19] {Threei} if it sets up again, and market helps, I'd say aim to sell half around .75
[11:20] {Threei} if you are in a scalping mode today, full out closer to .8-
[11:20] {Threei} needs to consolidate again and not to lose .30 anymore
[11:22] {dino} ci l .11
[11:25] {Threei} HIG... if you are inclined to try high risk play, small shares long .50 if holding above .30
[11:26] {Threei} stop .25 or so, target closer to 16
[11:28] {dino} out ci .23, +.12
[11:31] {dino} out met, .12, +.11, bad entry
[11:33] {dino} qcom, l .20, stop .99
[11:36] {magoo} dave, DCC
06[11:37] * magoo slaps laserdave1 around a bit with a large trout
[11:37] {magoo} dave, dscc
[11:40] {Threei} yawn
[11:40] {Threei} market totally refuses to move
[11:40] {dino} tighten nstc thing is broken
[11:40] {Threei} 5 points range for 30 minutes - when was the last time we've seen such stall
[11:42] {dino} 2005
[11:42] {Threei} lol
[11:42] {dino} feels up still, then big down tomorrow off election
[11:43] {magoo} its like driving on autobonn and then taking exit to country road speed limit 35
[11:43] {Threei} feeling as if you could walk faster than you drive
[11:47] {dino} feelings, nothing more than feelings
[11:48] {peterg} Barbra Streisand song
[11:50] {peterg} maybe not, maybe some other singer.....
[11:51] {peterg} I used to be uncertain of myself, but now I'm not so sure.........
[11:51] {Threei} lol
[11:51] {dino} qcom stopped -.22
[11:53] {dino} met l .83
[11:54] {dino} ci l .30
[11:56] {Threei} F
[11:56] {Threei} REPORTS OCT US VEHICLE SALES -30.2% V -32%E
[11:56] {dino} lol peterr
[11:57] {dino} think it was helen ready
[11:57] {magoo} ready =redy
[11:58] {Chaeron} now you guys have me yearning for my "Carpenter's Christmas" album
[11:58] {dino} out met .03, +.20
[11:59] {cosmo} Kingston Trio had a good one
[12:01] {dino} why do birds, suddenly appear
[12:01] {patience} everytime, magoo is near?
[12:01] {Chaeron} lol
[12:01] {dino} lo
[12:01] {dino} l
[12:02] {Chaeron} dino likes "Muskrat Love" & "Afternoon delight" too
[12:02] {patience} don't we all?
[12:03] {Chaeron} lol
[12:03] {dino} roflol, wow thats going back
[12:04] {peterg} Hoagy Carmichael, Jimmy & Tommy Dorsey
[12:04] {peterg} random associations
[12:04] {magoo} detroit rock city
[12:05] {peterg} the red-headed league
[12:07] {Threei} UAUA drawn-out consolidation between .80 and .95
[12:07] {dino} wynn blood
[12:07] {Threei} looks nice for break and spike - IF market gains upward momentum
[12:10] {Threei} watch LVS here
[12:10] {Threei} if WYNN bounces, LVS should give a scalp off 15
[12:11] {dino} penn s sm .15 stop hod
[12:13] {dino} hey 3i, do you not see what i am doing
[12:13] {dino} :)
[12:14] {dino} wynn wants lower imo
[12:14] {lisa_jay} Range scalping?
[12:14] {dino} yes back to scalp mode again lisa
[12:14] {Threei} sorry, I must have fell asleep
[12:14] {Threei} oh I see
[12:14] {Threei} venturing into my territory
[12:15] {dino} no shorted penn casino
[12:15] {Threei} unfortunately I don't have $1+ plays today, can't have my revenge
[12:16] {Threei} ah
[12:16] {dino} me neither, so adapting
[12:17] {Threei} anyone found LVS entry, be satusfied with scalp
[12:18] {magoo} magoo kicks mkt in arse
[12:18] {Threei} market shapes up as a break...
[12:18] {Threei} maybe magoo helps
06[12:19] * Threei hands magoo steel-toed heavy duty army boots
[12:19] {magoo} magoo laces up 3i boots here
[12:19] {Threei} Porsche hurts
[12:19] {Threei} REPORTS OCT US SALES -50% TO 1,427 UNITS
[12:19] {Geo} in .13 out .25
[12:20] {Threei} wtg Geo
[12:20] {magoo} hope they are still around when i can finally afford one..say 2018
[12:20] {Threei} kidding?
[12:20] {Threei} in 2018 we all will be driving supersmall cars, potatoe-sized
[12:20] {dino} lol
[12:21] {Threei} running on oil left over after deep frying that same potatoe
[12:21] {dino} and drinking potatoe vodka
[12:21] {magoo} not me..ill find an old used porsche say 1999
[12:21] {dino} ci stop to b/e
[12:24] {dino} ci to .42
[12:24] {Threei} NSANY
[12:24] {Threei} REPORTS OCT US SALES DOWN 33% Y/Y
[12:24] {Threei} time to get my new Nissan is almost there I think
[12:24] {dino} dieeeeeeeee penn
[12:24] {Threei} DAI
[12:25] {Threei} Short Setup: LVS 15 break half lot
[12:26] {Threei} stop above .20
[12:26] {Threei} argh... not availabe
[12:26] {Geo} or wynn
[12:27] {magoo} magoo kicking and kicking mkt
[12:27] {magoo} these boots are heavy vad
[12:27] {Threei} nice kick
[12:27] {Threei} yes magoo... but effective
[12:28] {dino} out ci .57, +.27, stopped wynn .31 -.16
[12:38] {dino} hugh?
[12:38] {dino} thin
[12:38] {Threei} no news since August 11
[12:39] {Threei} LVS 1:2 almost
[12:39] {dino} ty
[12:39] {Threei} anyone had it available for short?
[12:40] {lisa_jay} not here.
[12:40] {dino} ah, oh
[12:40] {Threei} ok... good for paper trade in educational purposes then
[12:40] {dino} i put dave's gormet temporary insanity hot sauce on my lunch, and it's hot
[12:41] {lisa_jay} Vad, LVS desc. triangle?
[12:41] {Threei} Toyota is not faring much better
[12:41] {Threei} REPORTS OCT US VEHICLE SALES -25.9% Y/Y
[12:41] {dino} one more pop on hugh
[12:41] {Threei} DBI, descending traingle, breakdown of descending channel
[12:42] {Threei} inverted C&H
[12:42] {dino} i'm waiting for buy one get one free
[12:42] {Threei} all short formations you could think of in one flask
[12:43] {lisa_jay} Ok, thanks Vad.
[12:43] {dino} risky sm s hugh .24
[12:44] {dino} stop hod
[12:47] {Threei} HIG
[12:48] {Threei} this one is available
[12:48] {Threei} .55 short half lot if holding under .75
[12:50] {Threei} 1:1, cover half, scalpers get out
[12:50] {Threei} stop to .61 for the balance
[12:52] {Threei} 1:2
[12:52] {Threei} feel free to cover as see fit
[12:52] {Threei} 40 cents is 40 cents
[12:52] {dino} penn s .00
[12:52] {Chaeron} beauty Vad... sorry I missed tho
[12:52] {Threei} anyone got it?
[12:53] {lisa_jay} Nope, not my day today...missing everything.
[12:53] {Geo} 15 here
[12:53] {Threei} this one was not that fast
[12:53] {Threei} and gave second chance twice
[12:53] {dawg} 26 here
[12:53] {lisa_jay} Was away from desk for a few fault.
[12:54] {Threei} ah
[12:54] {Threei} LVS educational short... frikin 75 cents
06[12:54] * Threei slaps laserdave1 around a bit with a large trout
[12:55] {Geo} hey vad did ya know?
[12:56] {Threei} trees grow upward?
[12:56] {Geo} inelliscan working on genesis laser robot beta?
[12:56] {Threei} huh?
[12:56] {Threei} I don't even understand the question :)
[12:57] {Geo}
[12:57] {Geo} genesis in beta
[12:57] {Threei} it's just linking?
[12:58] {Threei} linking works
[12:58] {Geo} auto trading lord vader
[12:58] {Threei} don't care about that
[12:58] {Geo} i know.... just an update
[12:58] {Geo} :)
[12:58] {Threei} why would I want a scanner signal go directly to execution without me looking at the chart and decising
[12:59] {Geo} pros and cons vad......
06[12:59] * Geo is a lowly messenger
[13:00] {Geo} vads the decidere
[13:01] {dino} your nose bleeding geo? you got tagged
[13:01] {Geo} ?
[13:01] {dino} by vad
[13:01] {Geo} what can i say
[13:02] {dino} :)
06[13:02] * Geo is on a politeness mission
[13:03] {Threei} careful Geo... ARRS the dog asked for your home address, and so far I withheld it
[13:03] {Geo} see dino?
06[13:03] * Geo is doubly polite
[13:04] {Threei} but being a day trader, Ive been known to change my mind on a dime
[13:04] {dawg} dogs?
[13:04] {Geo} lol
[13:04] {Geo} come to thinks of it vad
[13:04] {dino} penn stopped -.09, done w/it
[13:04] {Geo} now i cant even make this statement now th a nicknameat we hav
[13:05] {Geo} wow
[13:05] {Geo} now that we have a nickname dawg
[13:05] {Geo} :)
[13:05] {dawg} Yelp!
[13:09] {Threei} UAUA, feel free to take profit
[13:09] {Threei} can't read it after this spike
[13:10] {Threei} need pullback or consolidation
[13:13] {Threei} hardcore scalpers only:
[13:14] {Threei} wtch UAUA for this interesting pattern,
[13:14] {Threei} it teleports suddenly very low, then jumps back just as suddenly
[13:14] {Threei} from 30.s to .11
[13:14] {Threei} pause,
[13:14] {Threei} if you grab it quickly, it's above .20 next second
[13:15] {Threei} quick and easy one hundred bucks
[13:15] {Threei} but only if you are quick and efficient scalper
[13:15] {Threei} impossible to call in time, happens in a shake of lamb tail
[13:23] {Geo} in .12
[13:23] {Geo} out .24
[13:23] {Threei} there you go
[13:23] {Geo} scary though
[13:23] {Geo} did half lot
[13:24] {Threei} new for you method of trading, of course test it with smaller shares
[13:24] {Geo} Qs helped
[13:24] {Threei} but you saw how effective and quick it was
[13:24] {lisa_jay} Where would the stop be for this kind of trade Vad?
[13:24] {Geo} y
[13:24] {Threei} under 16
[13:25] {Threei} this is not a pattern that exists on many stocks
[13:25] {Threei} and even on UAUA it doesn't happen every day
[13:25] {Threei} but when it starts occuring, it continues for a while
[13:25] {Threei} so, matter of observation
[13:26] {Threei} keep also in mind, the range of such "teleportations" changes
[13:26] {Threei} it won't necessary be .10 - .25 next time
[13:27] {Threei} with marker weakening it can easily go to about 16,
[13:27] {Threei} adjust accordingly
[13:33] {Geo} hmmm
[13:33] {Geo} didnt know they were introducing 3x etfs
[13:36] {Geo}
[13:41] {dino} cov hugh +.40
[13:42] {Threei} wtg
[13:42] {dino} wyn sm l .85
[13:45] {dino} deck, decked
[13:47] {Threei} yawn
[13:48] {Threei} here is another UAUA teleport
[13:48] {Threei} probably will do one more
[13:48] {Threei} too long pause
[13:49] {Threei} anyway, grabbed .08
[13:49] {Threei} stop under 16
[13:49] {Threei} aiming to exit around .20
[13:51] {Threei} out .22
[13:51] {Geo} lets call this one the teleporation gap
[13:52] {Threei} I call it "the easiest $140 I made today"
[13:52] {Geo} lol
[13:52] {Threei} no seriously... how much easier can it get?
[13:55] {Threei} OK... here comes GM... hold onto your seats
[13:55] {Threei} - The steep decline in vehicle sales was largely due to a significant drop in the market's retail demand as uncertainty over the deepening credit crisis impacted consumer confidence.
[13:55] {Threei} - Dealer stocks -15% y/y to 799K vehichles
[13:55] {Threei} - Affirms Q4 production forecast at 875K vehicles -15% y/y
[13:56] {Threei} from my first days in North America I was always wondering while looking at car dealer lots:
[13:56] {Threei} who the heck is buying these endless seas of cars?
[13:57] {dino} hugh s .83
[13:57] {Threei} market weaker and weaker... next teleportation should probably wind down below 16
[14:01] {Threei} letting it dive lower this time
[14:01] {Geo} so vad did ya figure it out?
[14:01] {Threei} this was usual slide, not teleportation
[14:01] {Geo} cuz i still have that Q
[14:02] {Threei} why trees grow upward?
[14:02] {Geo} 10:56] {Threei} from my first days in North America I was always wondering while looking at car dealer lots:
[14:02] {Threei} oh
[14:02] {Threei} no, not really
[14:02] {Threei} still mystery to me
[14:03] {Threei} thousands and thousands of them, and every year they clear out inventory and get new year models in
[14:03] {Threei} and there are a lot of used ones as well
[14:03] {Threei} and all this somehow gets cleared,
[14:03] {Geo} yup
[14:03] {Threei} yet this is not a tothbrush,
[14:03] {Threei} you don't buy new one a few times a year
[14:05] {Threei} even if you include guys like me in equation who lease their cars,
[14:05] {Threei} it's a new car every 3-4 years
[14:05] {Threei} but still, YEARS, not MONTHSA
[14:06] {Geo} frightening enuff to refuse bonus?
[14:07] {Threei} sacred cows are called sacred for a good reason
[14:07] {Threei} bonus is untouchable
[14:13] {dino} lol
[14:14] {Threei} noticed? same pattern as Friday,
[14:15] {Threei} no order for a while, then cluster of trades comes along,
[14:15] {Threei} then no rhyme or reason again
[14:19] {dino} y
[14:24] {Threei} Short Setup: QCOM .79 half lot is stays below .90
[14:24] {Threei} if NQ drops sharply, grab aggressive entry
[14:27] {Threei} in .88, stop .95
[14:29] {Threei} no worky
[14:33] {Threei} LVS sudden jump
[14:33] {Geo} grabbed hig break of 15
[14:33] {Geo} too fast to call
[14:34] {dino} hugh stopped flat
[14:35] {Threei} good one Geo
[14:38] {amarg} what is nq
[14:38] {Threei} NASDAQ e-minis
[14:39] {Threei} just an indicator of NASDAQ movement
[14:42] {Geo} hig drop
[14:42] {Threei} UAUA is consolidating near the high again
[14:44] {Threei} Long Setup: UAUA .50 break, risky one
[14:44] {Threei} stop under .35
[14:46] {dino} sm l deck .85
[14:47] {Threei} wow LVS
[14:48] {lisa_jay} took it for a small scalp
[14:57] {Threei} stop to under .40
[14:59] {Threei} out
[14:59] {Threei} market goes for new lows
[15:00] {Threei} GM
[15:01] {dino} so, i guess it gets worse if not sustainable
[15:01] {Threei} - Remarks that Credit system is 'blocked'; the credit crunch is blunting the effectiveness of the Fed's rate cuts, will take time for effects of Fed actions to 'take hold', inflationary forces have 'vaporized'.
[15:01] {Threei} - Sees personally that there may be no economic growth through 2009.
[15:01] {Threei} - says may see several months of negative headline inflation, but not a deflationary trend.
[15:01] {Threei} - says Fed's balance sheet may reach $3T by year end, and 'not out of the woods' even as LIBOR declines
[15:01] {Threei} - Notes that a 'new arrangement is necessary for currencies'
[15:01] {dino} deck stopped. afternoon i'm cold
[15:01] {dino} taking break
[15:01] {Onix} I made it in for lunch ... not much happening?
[15:01] {lisa_jay} cvs range
[15:02] {dino} nope
[15:04] {Threei} QCOM fooled us eh
[15:09] {Chaeron} 4
[15:09] {Threei} you sure?
[15:09] {Threei} not 3? not 5?
[15:10] {Chaeron} 3.997528
[15:10] {Geo} uaua back
[15:10] {dino} hugh spikes
[15:10] {Chaeron} sorry wrong window :)
[15:15] {Threei} UAUA is back to teleportations
[15:18] {Threei} if market is done dropping, UAUA is going higher today
[15:18] {Threei} but finding entries is tricky
[15:19] {Threei} not really a breakout stock
[15:24] {Threei} .54 - 67
[15:24] {Threei} teleportation scalp
[15:30] {Threei} listless second half of the day... morning was much better
[15:30] {Threei} I suspect tomorrow will be much the same
[15:30] {Chaeron} just don't forget to vote
[15:31] {Threei} what do I have to do with your vote :)
[15:31] {Threei} I am spectator
[15:31] {Chaeron} same thing a ton of illegal aliens do... THEY'RE voting, why not you? :)
[15:31] {Geo} i am sure acorn can accomodate you vad
[15:31] {Chaeron} see?
[15:31] {Chaeron} dino? you agree?
[15:31] {Threei} lol
[15:32] {Chaeron} even ppl from Lebanon calling to support their choice...
[15:32] {Chaeron} why not canada?
[15:33] {Geo} in exchange well take the land
[15:33] {dino} acorn will register you vad
[15:33] {dino} same signature on thousands of democrat registrations, dead people, people who don't exist, etc.
[15:34] {dino} what kills me is they same voters should not have to produce id
[15:34] {dino} same=say
[15:34] {Threei} well
[15:34] {dino} they say its a hardship on the poor
[15:34] {Geo} dems learnt their lessons well
[15:34] {Threei} you guys tell me tomorrow if my vote will be decisive one
[15:34] {dino} it's basically so fraud can happen
[15:35] {Threei} and I'll run and vote
[15:35] {Geo} they spent more on state secretary election than ever before in hostory
[15:35] {Geo} history
[15:35] {Geo} ask em why and they will say harris florida
[15:36] {dino} i fear a return to carter years here
[15:36] {Geo} ugh
[15:36] {Geo} (not that i have memory)
[15:37] {dino} raise taxes, kill business, kill investment
[15:37] {dino} top rate to 49%
[15:37] {Geo} man
[15:37] {dino} cvap. gains to 30% from 15%
[15:37] {dino} capital
[15:38] {Threei} I hate LVS
[15:39] {Threei} how does it manage to stage such unreadable moves?
[15:39] {Chaeron} [12:35] {Threei} and I'll run and vote {{{ I think you should just run...
[15:39] {Threei} - Fomer Treasury Treasury Sec Volcker, BLK's Larry Fink, JPM's Dimon also supposedly being considered
[15:40] {Threei} Volcker??
[15:40] {Threei} isn't he about 80?
[15:40] {Chaeron} hmmm... will he suggest that to McCain when he and Sarah win?
06[15:40] * Geo slaps Chaeron around a bit with a large trout
[15:40] {cosmo} vogons live long
[15:40] {lisa_jay} I hate my h...
06[15:40] * Geo is vad's lackey
[15:40] {lisa_jay} oops did i just say that aloud...sigh
[15:40] {Chaeron} h...? LJ?
[15:41] {lisa_jay} was about to enter order at .05 LVS and got distracted.
[15:41] {Geo} i think vad missed your comment chaert
[15:41] {Chaeron} yeah... he has me on ignore
[15:41] {Threei} but of course
[15:41] {Threei} ignoring chaeron is my second favorite thing
[15:41] {Threei} first of course being:
[15:41] {Chaeron} ignoring magoo
06[15:41] * Threei slaps magoo around a bit with a large trout
[15:41] {Chaeron} lol
[15:41] {dino} lol
[15:42] {Threei} SOLF new surge
[15:42] {cosmo}
[15:42] {Threei} more and more looks like solars will get a good kick if Obama wins
[15:43] {Chaeron} short coal tho
[15:43] {Geo} i just want it to be over
[15:43] {cosmo} long infrastructure?
06[15:43] * Geo cant stand all the hate
[15:43] {dino} short heathcare, health insurers, etc
[15:43] {dino} short oil, etc
[15:44] {dino} short it all
[15:44] {Chaeron} yep
[15:44] {Geo} lol
[15:44] {lisa_jay} Ok, will trout to relieve frustration.
06[15:44] * Chaeron slaps lisa_jay around a bit with a large trout
[15:44] {Chaeron} don't wanr... just do
06[15:44] * Geo slaps lisa_jay around a bit with a large trout
[15:44] {Chaeron} warn
[15:44] {lisa_jay} Snap out of it!
[15:44] {Threei} hmmm
06[15:44] * dino slaps lisa_jay around a bit with a large trout
[15:44] {Threei} do we slap girls around here?
06[15:44] * Geo slaps lisa_jay with a snapper
[15:45] {lisa_jay} Prefer Salmon..
[15:45] {Geo} oh and how do yo know i am not one too?
[15:45] {Chaeron} magoo set precedence with Patience
06[15:45] * Geo agrees
[15:45] {lisa_jay} Vad, how does one trout?
[15:45] {Chaeron} how do you all know I'm not Sharon?
[15:45] {Threei} easy lisa:
[15:45] {Geo} as in the Israeli sharon?
[15:45] {lisa_jay} Hairy legs give it away Chaeron.
[15:45] {Threei} click on the nick of the one to be trouted,
[15:46] {dino} and how do you know i'm not sarah palin?
[15:46] {Threei} right click,
[15:46] {Chaeron} shucks
[15:46] {Threei} at the bottom of dropdown menu you'll see slap
[15:46] {Chaeron} but they're nice hairy legs
[15:46] {Geo} ewww dino
[15:47] {dino} :)
[15:47] {lisa_jay} ok,my right click not's a conspiracy.
[15:47] {dino} say it ain't so joe
[15:47] {Chaeron} ???? Larisa?
06[15:47] * Chaeron slaps Larisa1 around a bit with a large trout
[15:47] {Geo} hehehehe
[15:47] {Chaeron} is that you Lars?
[15:47] {Geo} lol
[15:47] {Threei} I thought you gone blind chaeron
[15:48] {Geo} hig wow
[15:48] {Threei} market pretty much took a breather today
06[15:48] * lisa_jay slaps Chaeron around a bit with a large trout
[15:48] {Threei} early plays were good
06[15:49] * lisa_jay slaps Geo around a bit with a large trout
[15:49] {Threei} after that it was each man for himself
[15:49] {Threei} good job lisa
[15:49] {Geo} barely madse 50 bucks today
06[15:49] * lisa_jay slaps dino around a bit with a large trout
[15:49] {Threei} 50?
[15:49] {Geo} yeah
[15:49] {Larisa1} hi to you too Chaeron, you forgot how to be polite without me :)
[15:49] {Threei} polite?
[15:49] {dino} chtt sm l .44
[15:49] {Chaeron} it IS you!!!!!!!!!!!!!!!!
[15:49] {Threei} that's one word this rtoom won't even tolerate
[15:49] {Geo} and dog
[15:49] {Larisa1} not talking to you, Threei, you never knew :)
[15:49] {Geo} oooh
[15:49] {Threei} nope, not really
[15:50] {Threei} but hey... I was always very good at being impolite
[15:50] {Threei} does that count?
[15:50] {Larisa1} yes, lets count it
[15:51] {Chaeron} Larisa, I keep getting told I am the most polite here and been trouted for it too
[15:51] {Larisa1} lol
[15:51] {Chaeron} I've even said, "Be glad Larisa isn't still here."
[15:52] {Threei} well, I'll be interested to see wherher 3 girls in the room make you bandits more civilized
[15:53] {Threei} I am afraid I know the answer though
[15:53] {Chaeron} Larisa wields a mean trout and meaner look-to-kill
06[15:53] * Geo starts spitting and polishing his tie
[15:55] {dptl} have a good evening all :)
[15:55] {lisa_jay} bye dp
[15:56] {Threei} if list of separate solars is a chanllenge, TAN may be one you want to trade
[15:56] {Threei} solar ETF
[15:56] {Threei} take care dp
[15:56] {Threei} SOLF 8
[15:58] {dino} keep in mind 3i, election not over until tomorrow night
[15:58] {Threei} yes
[15:58] {Threei} that's why I said tomorrow is likely to be much of the same
[15:59] {dino} ok
[15:59] {lisa_jay} Vad, Dcc please
[15:59] {Threei} - Suports government tax incentive to help sales, whereby loan interest may be deducted from taxes
[15:59] {Threei} - Does not attribute declining sales to merger rumors
[15:59] {dino} out chtt .22 -.21
[16:00] {dino} .22
[16:00] {dino} having trouble on mondays, it seems a pattern may be building
[16:01] {Threei} Ok guys, thank you all
[16:01] {Threei} have a great evening, see you tomorrow
[16:03] {dino} ok, calling it a day, thx all
[16:03] {lisa_jay} Bye Dino.
[16:03] {dino} :)
[16:04] {_maga} bye everybody
[16:04] {dino} follow vad newbies, the guy is a machine
[16:05] {peterg} gnite team
[16:05] {peterg} dino is a machine too
[16:05] {dino} lol peter. not today
[16:06] {peterg} theres always tmo!
[16:09] {dino} indeed, i will do better