Dec 31 2008

What was expected to be another boring day suddenly turned out a very nice profitable one. DRYS, EGLE and a few more helped to finish the year with a bang. Happy New Year to our readers!

Session Time: Wed Dec 31 00:00:01 2008

[08:21] {lisa_jay} morning

 [08:21] {Threei}  Good morning

[08:21] {lisa_jay} do you ever sleep Vad?

[08:21] {lisa_jay} It must be still dark outside.

 [08:22] {Threei}  it is

 [08:30] {Threei}  INITIAL JOBLESS CLAIMS: 492K V 575KE;

 [08:30] {Threei}  CONTINUING CLAIMS: 4.506M V 4.400ME

 [08:31] {Threei}  - No revisions to Prior jobless claims at 586K

 [08:31] {Threei}  - Prior continuing claims revised from 4.370M to 4.366M

[08:32] {i2romantis} morning to all :)

 [08:32] {Threei}  morning i2r, welcome to the room

[08:32] {i2romantis} thx

 [08:32] {Threei}  you don't mind abbreviation I hope

[08:33] {i2romantis} np, i2 is enough

 [08:33] {Threei}  we are lazy bunch, we shorten 4-letters nicks to 2, let alone such as yours :)

[08:33] {lisa_jay} Hello i2

[08:33] {i2romantis} np

[08:33] {i2romantis} hi

[08:50] {Onix} Good morning all

[08:50] {i2romantis} morning onix

 [08:51] {Threei}  onix :)

 [08:52] {Threei}  * TED SPREAD OPENS AT 133 BPS V 142 BPS PRIOR

 [08:52] {Threei}  wow

 [08:52] {Threei}  risk is all but removed from lending eh?

 [08:53] {Threei}  12/31/08 07:00am

 [08:53] {Threei}  [DDSS] Labopharm Announces FDA Approval of Once-Daily RYZOLT for Management of Moderate to Moderately Severe Chronic Pain

 [08:56] {Threei}  I am going for a smoke, don't let the market drop... I still have some CSIQ leftover from yesterday

[09:00] {KSystems} Good morning :)

[09:00] {Onix} hi KS

[09:01] {KSystems} hey Onix

 [09:02] {Threei}  ks :)

 [09:02] {Threei}  offering 6.80

 [09:02] {Threei}  is there kind soul to take it off my hands?

 [09:02] {Threei}  or kindness in a short supply this year?

 [09:05] {Threei}  335 shares taken, thank you unknown buyer

 [09:05] {Threei}  665 left

 [09:06] {Threei}  who is this indescrete idiot that joined me with fully shown offer...

 [09:06] {Threei}  learn the game sucker

[09:06] {lisa_jay} lol

 [09:06] {Threei}  100 more

 [09:07] {Threei}  {sucker} learn spelling!

 [09:07] {Threei}  great, now he is undercutting me

 [09:09] {Threei}  (RU) RUSSIAN DIPLOMAT: HAMAS COMMENTED THAT WILLING TO STOP ATTACKS IF BLOCKADES ARE LIFTED

[09:17] {dino} gm

 [09:17] {Threei}  dino :)

[09:18] {magoo} morning

 [09:18] {Threei}  mags :)

[09:18] {patience} morning

 [09:18] {Threei}  patience :)

 [09:18] {Threei}  I feel like a doorman

[09:18] {dptl} good morning all

 [09:18] {Threei}  there

 [09:18] {Threei}  dp :)

[09:19] {dino} welcome to out jungle i2

[09:20] {i2romantis} thx :)

[09:20] {magoo} who u calling a sukker??

[09:20] {magoo} thats my offer lol

 [09:20] {Threei}  no way

 [09:20] {Threei}  you know better than to show full 2K instead of reserver in thin pre-market trading

[09:22] {dino} out=our

[09:22] {dino} psd, 

 [09:23] {Threei}  anyway, 6.80 is latest resistance from 12/18... with just 565 shares left and part of profit secured I'll cancel my sell and see if it can break it and pop

 [09:23] {Threei}  see mee disappearing from 6.80?

[09:24] {magoo} need cafe'

 [09:26] {Threei}  and spelling lesson

 [09:29] {Threei}  btw dino... your mention poushed me to re-visit Storm of the Century

 [09:29] {Threei}  pushed too

 [09:30] {Threei}  market weakens into open

[09:30] {magoo} give me what i want vad...and i will go away

[09:31] {dino} good flick, i should watch it again

 [09:32] {Threei}  DRYS

 [09:32] {Threei}  watching for pullback

 [09:32] {Threei}  9.70 - 9.80 area for entry

 [09:34] {Threei}  doesn't want to pull back, and I don't want to chase

 [09:35] {Threei}  good boy CSIQ

 [09:35] {Threei}  let's go for 7

 [09:38] {Threei}  out 200 more 6.90

 [09:41] {Threei} Long Setup:  DRYS  .50 break if stays above .40

[09:42] {dptl} in .50

[09:43] {magoo} in dammit lol

 [09:43] {Threei}  uh oh

 [09:43] {Threei}  magoo is kiss of death for DRYS

[09:43] {ese} morning L DRYS .54 3/4

 [09:43] {Threei}  ese :)

 [09:43] {Threei}  ok, over 1:1, half out

 [09:44] {Threei}  too bad it never gave us nice pullback for more juice in play but these holiday sessions I'll take whatever I can

 [09:45] {Threei}  stop is under b/e for the balance, scalpers get out and be happy

[09:45] {dino} asei, thin

[09:47] {magoo} Q read vad?

 [09:47] {Threei}  COIN

 [09:47] {Threei}  INCREASES STAFF AT WOODBRIDGE, NJ MANUFACTURING FACILITY IN PREPARATION FOR 2009 SEASON

[09:47] {magoo} out DRYS here .67

[09:47] {magoo} TY {i guess lol}

06[09:48] * Threei slaps magoo around a bit with a large sigh of relief expressing happiness about magoo finally making money on DRYS

[09:48] {ese} out DRYS .74 +.20

[09:48] {ese} tks Vad

 [09:49] {Threei}  welcome

 [09:49] {Threei}  hig

[09:49] {lisa_jay} Nice ese

 [09:50] {Threei}  watching HIG with short idea

 [09:50] {Threei}  either .20 break wityh stop above .30

 [09:51] {Threei}  or if bounces, anywhere where it looks like topping out with top above .40

 [09:51] {Threei}  with stop that was

 [09:55] {Threei}  if DRYS makes another jump:

 [09:55] {Threei} Long Setup:  EGLE  .15 break half lot with stop under 6

[09:55] {dino} beating up esrx again

[09:58] {dino} gj es

 [09:59] {Threei}  DRYS starts looking like one of those non-stop runners if takes 11.20

[09:59] {dino} cwst

[10:01] {magoo} if IF we could get in DRYS and make a point TODAY...i would concede vad

 [10:01] {Threei}  EGLE over 1:1

[10:01] {Onix} ty Vad, i took 9c in egle

[10:01] {magoo} out .35 TY

[10:01] {dptl} out egle +.15 ty

 [10:01] {Threei}  welcome

[10:01] {dptl} stopped hig

 [10:02] {Threei}  DRYS is tough to find entry, hard breather... but works as leading indicator for EGLE

 [10:02] {Threei}  didn't HIG hit 1:1?

[10:03] {dptl} it did brifly  no fill

 [10:03] {Threei}  ok... didn't watch it at the moment

 [10:04] {Threei}  dry shippers took all the focus

[10:06] {magoo} EGLE have the power like drys vad to go a point?..not familiar with way it trades

 [10:06] {Threei}  it can be very treacherous

[10:06] {dino} sm l esrx .36, stop .99

 [10:07] {Threei}  moves nicely when it moves but can drop like stone

 [10:07] {Threei}  don't play it on its own merits

 [10:07] {Threei}  DRYS leads it

[10:07] {magoo} gotcha

[10:07] {magoo} as in ok 

 [10:08] {Threei}  DRYS itself maybe worth a try on 11 re-break if holding above .85

 [10:08] {Threei}  or .90 for hardcore scalpers

[10:10] {magoo} aapl neg here./..

 [10:12] {Threei}  11.05 will decide DRYS's fate

 [10:12] {Threei}  and if takes it, EGLE is likely to take .45

 [10:14] {Threei}  EGLE's game has changed

 [10:14] {Threei}  not a break anymore, rather bounce IF DRYS resumes

[10:15] {dino} esrx stopped

[10:16] {dptl} are you taking 11 break?

 [10:16] {Threei}  already took last time

[10:17] {magoo} vad..u in drys

 [10:17] {Threei}  ummm... how else do you read the line above?

[10:17] {magoo} man..u gotta end the year with attitude huh??

[10:17] {magoo} :)

 [10:18] {Threei}  as if I ever lost it

 [10:18] {Threei}  (or you for that matter, lol)

[10:18] {magoo} if i went to bermuda...i throw things at u in class he he

 [10:18] {Threei}  come on DRYS, take that .05 finally

 [10:18] {Threei}  bermuda?

[10:18] {dptl} in 11 .90 stop

[10:18] {ese} L  AAUK .67 1/2 lot risky

 [10:19] {Threei}  that's bahams

 [10:19] {Threei}  but, just for me to be safe, let's do it this way

[10:19] {dino} pnra 5 day

[10:19] {magoo} wheres bahhAMS?

 [10:19] {Threei}  I give seminar in Bahamas while you are going to Bermuda {G}

[10:19] {ese} lookin for 12 AAUK

06[10:20] * Threei kicks DRYS and EGLE in the rear

[10:20] {magoo} in drys too

[10:21] {dptl} out .12 ty

 [10:21] {Threei}  welcome

 [10:21] {Threei}  halved it out

 [10:21] {Threei}  something about it today that makes me want to hold some

 [10:22] {Threei}  anyone caught EGLE?

[10:22] {KSystems} yes

[10:22] {KSystems} paperly, that is

 [10:22] {Threei}  where?

[10:22] {KSystems} 6.16

 [10:23] {Threei}  no, I mean on this pullback

[10:23] {KSystems} 1 exited 1/2 at .38

[10:23] {KSystems} is that what you mean?

 [10:23] {Threei}  no, I mean according to this comment:

 [10:23] {Threei}  [10:14] {Threei} EGLE's game has changed

 [10:23] {Threei}  [10:14] {Threei} not a break anymore, rather bounce IF DRYS resumes

[10:24] {KSystems} that was a call?

 [10:24] {Threei}  it pulled back under .30

[10:24] {KSystems} no, didnt trade that :)

 [10:24] {Threei}  not a call per se

[10:24] {KSystems} sry

 [10:24] {Threei}  too discretionary

 [10:24] {Threei}  rather attempts to describe possible strategy in advance so those who get a read can catch it if it sets up

[10:24] {magoo} its more like a hint K..a wink wink

  [10:28] {Threei}  grrr

 [10:28] {Threei}  server hiccup

 [10:28] {Threei}  out 1/4 more 11.22

 [10:29] {Threei}  stop under 11 for the last part

[10:29] {patience} goldcorp has been bucking the gold trend today, steady, slow up

 [10:29] {Threei}  mags

 [10:29] {Threei}  you partial any?

 [10:30] {Threei}  ugh, he is not here

[10:32] {magoo} just got back in room here

[10:32] {magoo} out drys

[10:32] {magoo} scalp

 [10:33] {Threei}  okay

[10:33] {magoo} may reload

[10:34] {i2romantis} so, as a newbie here, let me ask, to even scalp on drys @11 you'd have to invest quite a bit to even see a reasonable return?

 [10:34] {Threei}  what's reasonable return?

[10:34] {i2romantis} I play with those below 3 to be able to do these kinds of trades

[10:34] {i2romantis} well say at least a small $300

[10:34] {dino} asei vsm, s .16, wide risky

 [10:35] {Threei}  this kind of trades is usually for 1000 shares when yoou know what you are doing

[10:35] {i2romantis} and this is a straight buy and sell, right? no options or anything else involved?

 [10:35] {Threei}  if you want $300 from each trade, that's a bit hightened expectations when it comes to scalping

 [10:36] {Threei}  no

 [10:36] {Threei}  andf don't view it as ROI

 [10:36] {Threei}  this is completely different game

[10:36] {dptl} ROI??

 [10:37] {Threei}  return on investment

[10:37] {dptl} oh...ok

[10:37] {i2romantis} honestly speaking, one of my accounts has only $7500 USD, that doesn't allow me to even go for this price range, as I am risking a lot just to go for a .2 move

 [10:37] {Threei}  with "investment" time measured in minutes, rarely hours, math is different,

 [10:38] {Threei}  you do not risk your entire investment, only a part of it defined by stop size

[10:38] {i2romantis} true, if many trades are done , I agree

[10:38] {ese} am back...was disconnecteda again.....  out AAUK even   it ain't goin nowheres

[10:38] {i2romantis} that's true

 [10:38] {Threei}  and $7,500 with right broker is $75K buying power

 [10:38] {Threei}  allows you for this kind of trades easily

[10:39] {magoo} i2..if you scalp a dime on 1k...100 bux...do this 5 times+ 125,000 annual

[10:39] {i2romantis} I stopped trading on margin in 2003, getting back in now

[10:39] {i2romantis} ok so then it's ok to go just for 100

[10:39] {i2romantis} I thought I was doing small game when doing that

 [10:40] {Threei}  nothing's wrong with intraday trading on margin with strict stop discipline... now, investing on margin is a very different story

[10:40] {i2romantis} at times you get almost nothing, but not always knowledgeable of repeatable trades

[10:40] {i2romantis} ok

[10:40] {i2romantis} good point

 [10:40] {Threei}  you'll get much better idea of how this game is structured when go over scalping course

[10:41] {i2romantis} yes looking forward to that :)

[10:41] {magoo} heck..vads biggest win ever only 125 bux {as magoo runs for cover under nearest rock}

 [10:41] {Threei}  sigh

 [10:41] {Threei}  abuse I take

[10:41] {i2romantis} :)

[10:41] {dino} unfortunate but true (dino hides under desk)

[10:41] {KSystems} Lisa!

[10:42] {i2romantis} I have a real issue with stops, hence some odd losses I take at times

[10:42] {i2romantis} so that's a lesson for me and why I'm trying to get more disciplined

[10:42] {dino} make stops you religion

 [10:42] {Threei}  make sure you go over blog articles devoted to stops

[10:42] {i2romantis} I know, I read everywhere about it and Vad's articles

[10:42] {magoo} and beer your beverage of choice

[10:42] {ese} STOPS   are GOD

 [10:42] {Threei}  partciluarly those that describe psychological side of it

[10:42] {dino} ask magoo, what doesit all come down to?

[10:42] {i2romantis} ok

[10:43] {magoo} GOD=get out dummy

 [10:43] {Threei}  lol

[10:43] {i2romantis} lol

[10:43] {i2romantis} so it's ok to ask stupid questions? :)

 [10:44] {Threei}  why not... magoo does it all the time

[10:44] {i2romantis} for example, the stop hits you like within minutes sometimes and then there's a reversal happening

[10:44] {i2romantis} how do you manage that? 

 [10:44] {Threei}  in fact that's all he does

[10:44] {dino} indeed, we a stupid people

[10:44] {i2romantis} just get out and keep looking for new entries?

 [10:44] {Threei}  get out when your stop is hit, period

[10:44] {dino} get out, re-evaluate

 [10:44] {Threei}  there are some discretions to that but at this point don't even go there

[10:45] {i2romantis} so that's a diff way of thinking I need to adjust to

[10:45] {i2romantis} k

[10:46] {dino} speach time: look at it this way; good trading is not about being right, it's about trading right.. expect to lose regularly

 [10:47] {Threei}  and learn not to give a flying sneeze about that

[10:47] {i2romantis} I agree, just need to get my psychology on track 

[10:50] {dino} bingo

[10:51] {dino} i will only hit about .666 of my trades on averave, so what, i expect to miss

[10:51] {magoo} i was just typing that...me and ding dong {thats dino to newbies} average only 67 %

 [10:52] {Threei}  the rest of the beer they simply spill out on the carpet

[10:52] {dino} w/totally different styles. find your own edge

[10:52] {magoo} vads slightly higher he he

 [10:52] {Threei}  mine is 120%

 [10:53] {Threei}  I don't know how it could be but that's what I firmly believe in

[10:53] {i2romantis} k

 [10:53] {Threei}  I convinced myself about that by everyday's session of self-hypnosis

[10:53] {dino} vad=delusional   :)

 [10:53] {Threei}  and proud of it

[10:53] {i2romantis} lol

[10:53] {dino} ok, back to work

[10:54] {magoo} and drunk half the sessions

 [10:54] {Threei}  half??

 [10:54] {Threei}  and btw... look who is talking

 [10:54] {Threei}  born in sin - come on in

[10:55] {dino} nwpx at it again

[10:55] {dino} lol

 [10:55] {Threei}  VIX VOLATILITY INDEX MOVES BELOW 40 FOR THE FIRST TIME SINCE OCT 2

 [10:55] {Threei}  - the peak on the VIX was 89.53 on Oct 24

[10:56] {dino} hell is repetition

 [10:56] {Threei}  yeah :)

[10:58] {ese} thinking EGLE at .45 break

[11:00] {dino} give me what i want and i'll go away (dino says to market)

[11:02] {ese} Vad....HOLX   looks like a diagram right out of your book...... 

 [11:04] {Threei}  probably worth a try if market helps ese

 [11:04] {Threei}  nice looking JBE

[11:07] {ese} indeed 

[11:14] {dptl} got holx at .96

[11:17] {ese} i'm in at .94 dp    got side tracked was looking at other things didn't realise i'd been filled

[11:17] {Onix} good for you, i got it .98

[11:17] {dptl} stop under .85

[11:18] {dino} last try esrx sm l .60

[11:19] {ese} yep     got mine at .85

[11:22] {i2romantis} cheers everyone and happy new year! I'm leaving for the day and will see you in the new year.

[11:22] {lisa_jay} By the way ESE HAPPY BIRTHDAY.

[11:22] {patience} happy new year i2

 [11:23] {Threei}  take care i2r, happy new year

[11:23] {KSystems} bye i2r! take care

[11:23] {dptl} oh ye Happy B-day Ese :)

[11:23] {KSystems} ese?

[11:23] {KSystems} Happy birthday :)

[11:24] {dino} asei stuck, bstop to b/e

[11:24] {dino} happy b-day es

[11:25] {ese} Long HBAN also .51 3/4........tks ksys

[11:26] {ese} dp....you got a target for HOLX........

[11:27] {dptl} offering .08

[11:27] {dino} tighten asei to .06, we'll cover commission

[11:28] {ese} have 1/2 lot was gonna hold out for .14

[11:30] {dptl} egle?

 [11:30] {Threei}  disconnected from DRYS

[11:30] {dptl} yes

 [11:30] {Threei}  hard to tell

[11:30] {dptl} .50 may be

 [11:31] {Threei}  if it starts going on its own, just read the chart... and remember how jumpy it can be

 [11:33] {Threei}  over 1:1

[11:33] {dptl} didn,t take it

[11:34] {ese} ots of resistance at 13 dp....but when it gets throught that .........hmmmmmmm

[11:34] {dptl} we should ask Vad to kick it

[11:34] {ese} definately

[11:35] {ese} VAD????

 [11:35] {Threei}  you guys are playing it differently than I would

[11:35] {ese} how would you play it

[11:35] {magoo} just noticed PLD

[11:35] {dptl} ye?

 [11:35] {Threei}  it's very thick, moves slowly,

[11:35] {dino} asei stuck still toghten to .92

 [11:35] {Threei}  I'd do scalp type I on it

[11:35] {dino} just droped

[11:35] {dptl} oh i see....

[11:35] {ese} what is scalp type 1

 [11:36] {Threei}  .95 entry, big shares, .89 stop, take scalp around 1:1

 [11:36] {Threei}  big shares, small move on a thick stock

[11:36] {ese} how big shs?

 [11:36] {Threei}  on this one for me would be 3-5K

[11:36] {ese} wow......ok....that would take nerve for me

 [11:37] {Threei}  with 6 cents stop

 [11:37] {Threei}  within normal risk tolerancwe

[11:37] {ese} I'll get there though

[11:37] {dino} esrx stop to .99 stingy mode

[11:37] {lisa_jay} Ese how long did it take you get to this stage...something for me to look forward to.

[11:38] {dino} make iot .09

[11:38] {dino} out +.49 esrx

[11:38] {ese} Hi lisa......to be honest......i'm not sure......working vads system has given me more confidence for sure.....thats because i use proper stops....

[11:39] {ese} know my losses are going to be small.....

[11:39] {magoo} what stock u guys talking about?soorry was on phone

[11:39] {ese} dp and I are in HOLX

[11:39] {lisa_jay} ok, thanks Ese.

 [11:40] {Threei}  ese's way was somewhat different lisa

 [11:41] {Threei}  he moved from invetsment mindset and reading 134 books to our "not thinking allowed" mindset

[11:41] {dptl} ese,you using 1 min chart?

 [11:41] {Threei}  not = no

[11:41] {ese} yes 1 min

[11:42] {dino} lol, reminds me of my change to less=more

[11:42] {lisa_jay} It is funny, the no thinking allowed, take setup, etc comes so naturally to you....where as the same setup that i take i lose money.

[11:42] {lisa_jay} I am sure there is that little thing i am missing.

[11:42] {ese} closer to 180 books.....gave 125 of them to Russels books downtown...still have 50 or so for reference

[11:43] {dptl} i noticed i see set ups more clearly on 3 min charts for some reason

[11:46] {ese} Holx you turd......the other way man!!!!!the other way!!!!!

[11:46] {ese} how much longer is the market open?

[11:47] {dptl} full day today

[11:47] {ese} full?   i thought it wasa short day

[11:47] {dino} acap, itri on watch

[11:47] {dptl} no full

[11:48] {patience} vad, it is snowing, make it go away

[11:49] {dino} 5" fell here so far patiencer, larisa getting her white new years' wish

[11:50] {patience} it's just that the snow completely washed away dino...checked in my garden, everything budding up and bulbs are coming along nicely

 [11:51] {Threei}  no snow here

[11:51] {ese} it's rain over here by the water patience.....

[11:51] {dino} hmmmmm, not sure what to say to that

[11:51] {dino} we've already had about 2 feet this winter, usually we only get 5-5 feet

[11:52] {dino} 4-5

[11:52] {magoo} rem of a stock trader only book i read before vads

[11:52] {magoo} so easy for me to go to mindless trade

[11:52] {ese} count yourself luckY mags

 [11:53] {Threei} Long Setup:  PLD  .90 break

 [11:53] {Threei}  if stays above .80

[11:53] {dino} 1st half of way of the turtle made sense to me

[11:53] {magoo} PLD the 1 that got away today

 [11:54] {Threei}  yeah, I kind of forgot about it

[11:54] {magoo} me too

[11:54] {dino} asei to .80

[11:59] {dino} cov asei .78, +.38

[11:59] {magoo} Q read vad??

 [11:59] {Threei}  rather up than down but...

[12:00] {magoo} in PLD

 [12:00] {Threei}  half out .99

[12:00] {magoo} is 30 BIG resistance

 [12:01] {Threei}  30?

 [12:01] {Threei}  considering that it's at 14, I'd say huge

[12:01] {magoo} OY the Q

 [12:01] {Threei}  rofl

[12:01] {ese} at 13 again dp....

[12:01] {dptl} yep

 [12:02] {Threei}  can't really evaluate it mags

[12:06] {magoo} DRYS coiling

[12:07] {dino} air pocket phys

[12:07] {dino} psys

[12:08] {magoo} my revelation in the bear of 08...

[12:09] {magoo} easier to book 10 ..$100 dollar trades than 1 $1000 trade

[12:09] {dptl} out holx +.12 ty Ese

[12:09] {magoo} seriously

[12:10] {magoo} with that said..out 14.08 

[12:10] {magoo} TY boss..$100 bux

[12:10] {dino} acap sm s .75

[12:10] {dino} risky thin

 [12:10] {Threei}  out PLD in full

[12:10] {magoo} yes

[12:10] {ese} out HOLX  .09 +.15   i'll take it

 [12:11] {Threei}  HOLX worked beautifully, good spot ese

[12:11] {ese} tks

 [12:11] {Threei}  last day of this year turns out to be fairly decent

[12:11] {ese} onto HBAN......

[12:13] {Chaeron} Good afternoon all

[12:13] {dino} itri hmmm

 [12:13] {Threei}  chaeron :)

[12:13] {ese} CCCCCHHHHHHH BABY!!!!!

[12:14] {Chaeron} heheh... hey guys... stalking anything?

[12:14] {dptl} fridge.

[12:14] {dino} acap, itri

[12:14] {Chaeron} dino likes those easy ones.... fridges don't run that fast

[12:15] {dino} lol

[12:15] {dino} i need to avoid the fridge in the new year

[12:15] {dptl} lol

[12:17] {magoo} CHA CHA CHA CHIA CHAER:)

[12:17] {Chaeron} roflol... magoo hitting the champagne early

 [12:17] {Threei}  my avoidance of fridge somehow leads me right to it with amazing inevitability

 [12:18] {Threei}  and if it happens in the dark, my experience is - it's not a soft object

 [12:18] {Threei}  I have bruises to prove that

 [12:19] {Threei}  now I know where the term "fridge magnet" comes from

[12:19] {KSystems} sigh

[12:20] {dino} "go meat"

 [12:21] {Threei}  go? I never left

[12:21] {dino} hillshire farms commercial

 [12:21] {Threei}  me and meat are siblings

[12:23] {Onix} ty Vad, i got 15c in PLD

 [12:23] {Threei}  :)

[12:24] {dino} lphi

[12:25] {dino} odsy

[12:32] {dino} ac/dc just came over the internet radio

[12:36] {dino} .

 [12:43] {Threei}  guys

[12:43] {Chaeron} girls

[12:44] {lisa_jay} yes

06[12:44] * Threei slaps Chaeron around a bit with a large reminder that mama said not to interrupt speakers

06[12:44] * Chaeron slaps Threei around a bit with a large trout

[12:44] {Chaeron} just because I can

 [12:44] {Threei}  out of those who is in the room now (many vacation, slackers),

 [12:45] {Threei}  anyone's contemplating attedning Bahamas?

 [12:45] {Threei}  there are some changes according to survey results

 [12:45] {Threei}  official version will be posted soon

[12:45] {Onix} sorry, won't be able to make it

 [12:45] {Threei}  I can share details, as much as they are known at this p;oint, now if anyone's interested

 [12:46] {Threei}  onix, is particular dates are consideration, that's changing somewhat too

 [12:47] {Threei}  is = if

[12:47] {dino} not looking good for me 3i

 [12:47] {Threei}  so does venue to accomodate many who said Atlantis cost is too high

[12:49] {dino} timing not working for me 3i

[12:50] {Onix} busy time for me

 [12:50] {Threei}  if it moves to March 28-30, is it changing things?

[12:50] {dino} not for me

[12:51] {dino} but do not change things for me

 [12:51] {Threei}  no, dates and venue will be changed accordingly to survey result, to accomodate as many as possible

[12:52] {Onix} sorry, no

 [13:01] {Threei}  slackers

 [13:02] {Threei}  I will enjoy Bahams without ya'll

 [13:02] {Threei}  and magoo meanwhile will go to Bermuda

[13:04] {dino} lol

[13:05] {dino} stel

06[13:11] * laserdave1 slaps Threei around a bit with a large trout

06[13:11] * laserdave1 slaps Threei around a bit with a large magoo

 [13:11] {Threei}  lordy... give this man something not that smelly to slap with

 [13:11] {Threei}  ummm... I meant trout, not magoo {G}

[13:11] {laserdave1} haha

[13:11] {laserdave1} what timing

 [13:12] {Threei}  lol

[13:12] {laserdave1} lmao

[13:12] {laserdave1} that was crazy timing

[13:12] {laserdave1} happy new year everyone

[13:12] {dino} rate drop

 [13:12] {Threei}  same to you daviouesky

[13:12] {laserdave1} looking forward to market picking up come Monday

[13:12] {laserdave1} :)

[13:13] {laserdave1} u never know though

[13:13] {laserdave1} year end

[13:13] {laserdave1} we could get a bit of action come end of day

[13:14] {laserdave1} books might need balancing

 [13:14] {Threei}  Fri is a bit of enigma too

[13:16] {dino} happy new year dave

06[13:16] * magoo slaps laserdave1 around a bit with a large hope and more hope that daves work ethic improves and he buys alarm clock

 [13:16] {Threei}  one trading day between holiday/weekend

 [13:16] {Threei}  natural expectation would be not much action

 [13:16] {Threei}  but who knows

[13:16] {dino} like last friday

 [13:16] {Threei}  could be a setting the stage

[13:17] {magoo} difference is dino.....this friday is a brasnd new year..last fri was forget 08

 [13:17] {Threei}  we will see, and act accordingly to our undoubtedly astute observations

[13:17] {dino} you just don't get it do ya magoo

[13:17] {dino} nothing matters

[13:18] {magoo} all that matters is the game..correct

[13:18] {dino} the game, nothing quite the same, all that matters is the game

[13:19] {dino} saia

[13:19] {dino} thinnies popping

 [13:22] {Threei} Long Setup:  TLT  small shares .30 break

 [13:22] {Threei}  stop under .20

[13:23] {magoo} expensive one

[13:23] {dino} sm s itri .00, stop hod

 [13:23] {Threei}  and invalidated

 [13:24] {Threei}  just how many shortcomings can come together in one stock

[13:25] {dino} several

 [13:26] {Threei}  btw, I just realized

 [13:26] {Threei}  magoo broke his morning promise

 [13:26] {Threei}  I gave him what he wanted in a form of a few nice trades... but he is still here

[13:26] {magoo} huh

[13:27] {dptl} lol

 [13:27] {Threei}  [09:30] {magoo} give me what i want vad...and i will go away

[13:27] {magoo} dino twisting my arm to drink already

[13:27] {magoo} he wants to call it a yr..hes up something like 2k already

[13:28] {dino} acap bstop to .18 expect slippage

[13:29] {magoo} whats price of crude anyone?

 [13:30] {Threei}  I show 40.50

[13:31] {KSystems} OK, I'm out of here

[13:31] {KSystems} need to get drunk

[13:31] {KSystems} Cya in 2009, take care and don't drink too much :D

 [13:31] {Threei}  you have to do what you have to do

 [13:32] {Threei}  take care ks, happy New Year

[13:32] {KSystems} Happy New Year :)

[13:32] {dino} happy new year ks

[13:32] {dino} acap to .12

[13:34] {dino} acap slp, cov stop .12 ave. +.63

[13:35] {Onix} wtg!

[13:36] {magoo} happy KS

06[13:37] * magoo slaps laserdave1 around a bit with a large basket of cheer for new years party

[13:37] {dino} sm l esrx .05

[13:37] {magoo} DRYS vad

[13:37] {magoo} looks ready

[13:37] {dino} ty onix

 [13:37] {Threei}  could take a few tries

 [13:37] {Threei}  if you really want it, first one would be .20 break

[13:39] {magoo} egle going

[13:49] {dino} ozrk

[13:54] {dino} sm s ozrk .26 stop .57

 [14:03] {Threei}  US TREASURY: CONSIDERING AIDING FIRMS ON CASE BY CASE BASIS THAT SERVE THE AUTO INDUSTRY

 [14:03] {Threei}  {AXL JCI BWA MGA GT NAV}

 [14:04] {Threei}  FAZP.TU FOLLOW UP: CEO SAYS WILL CUT OFF GAS SUPPLY TO UKRAINE STARTING AT 0700GMT JANUARY 1ST

 [14:04] {Threei}  that was gazp.ru I guess

[14:05] {dino} that is one of the lines that services eupoean countries if i remember correctly

 [14:05] {Threei}  yup

 [14:05] {Threei}  annual balckmail by Russia

[14:06] {dino} yes, last i think they did the same

[14:06] {dino} last year

[14:07] {dino} iflo

[14:07] {patience} first time in a year i've been caught in a trade with the system down

[14:07] {patience} want to get out of goldcorp

[14:08] {patience} on hold...yeesh

[14:09] {dino} gl

[14:10] {patience} thanks dino, i've had pretty good luck this year technically, odds had to hold true though

[14:13] {patience} oh well, watching oil contract running up

[14:16] {dino} ozrk stopped -.34

[14:17] {ese} HBAN   " it's about time" "it's about space" "it's about a family ......lost in space"...hm wasn't that the theme to that space show in the 60's Robinson Family....

[14:19] {ese} whatever......

 [14:19] {Threei}  lol

[14:20] {dino} danger/danger

[14:41] {magoo} vad EGLE

 [14:42] {Threei}  don't know what to say mags

 [14:43] {Threei}  climbs slowly... no indication whether it continues or dies sudden death

[14:50] {dino} up to the markets imo

[15:01] {magoo} vad..put down the spiked EGGNOG and fiund me $300 bux

 [15:02] {Threei}  why 300?

[15:03] {dino} asei hmmm

[15:04] {dino} fwiw fed day top 8958, hod for dec 9026

[15:04] {dino} sell the rips still imo

[15:05] {dino} 8118 low dec

[15:06] {magoo} need it

[15:12] {magoo} [15:01] {magoo} vad..put down the spiked EGGNOG and fiund me $300 bux

[15:12] {magoo} [15:02] {Threei}  why 300?

[15:12] {magoo} [15:03] {dino} asei hmmm

[15:14] {magoo} i like christiajn bros 80 proof VS in my nog

[15:14] {ese} have a happy new year everyone......it's birthday celebration time.....see ya friday

[15:15] {patience} have fun ese  :)

[15:15] {ese} see ya patience

 [15:15] {Threei}  take care ese, happy birthday and happy new year

[15:19] {magoo} anyone trading afterhours tonite lol

[15:19] {patience} nope...just waiting to unload goldcorp still

[15:20] {dino} did you get thru

[15:21] {patience} was finally able to log on but they gave me a number in ottawa, i thought what the heck...if you end up holding it, so be it

[15:21] {patience} it's up $1.30 for me so i'll see how much i can get out of it before the close

[15:22] {dino} ok

[15:22] {dino} sounds like when i try to talk w/chuck

[15:23] {patience} chuck is still around?

[15:23] {dino} schw

[15:24] {patience} oh, silly me

[15:24] {dino} :)

[15:25] {dino} mnro

[15:25] {patience} i used to like it when chuck was in the room though

[15:25] {dino} me too

[15:26] {patience} hey vad, you going to the levee's tomorrow?

 [15:26] {Threei}  nah

 [15:29] {Threei}  REMINDER: A NUMBER OF S&P INDEX CHANGES GO INTO EFFECT AFTER THE CLOSE TODAY

 [15:29] {Threei}  **in the S&P500:

 [15:29] {Threei}  - FLIR replaces NCC

 [15:29] {Threei}  - OI replaces WB

 [15:29] {Threei}  - SCG replaces MER

 [15:29] {Threei}  **in the S&P400:

 [15:29] {Threei}  - OHI replaces SCG

 [15:29] {Threei}  - VLY replaces FLIR

 [15:29] {Threei}  **in the S&P600:

 [15:29] {Threei}  - ACAP replaces MNC

 [15:29] {Threei}  - AMSF replaces FED

 [15:29] {Threei}  - ATU replaces BLTI

 [15:29] {Threei}  - INDB replaces LBY

 [15:29] {Threei}  - FSP is added

 [15:33] {Threei}  DRYS fast drop

[15:33] {Onix} FLIR relaces NCC but then VLY replaces FLIR?

[15:33] {magoo} dino..make the 3:40 call...u got the BALL

[15:33] {dino} itri bstop to flat can't move

 [15:33] {Threei}  different indexes onix

[15:33] {dino} it's coming

[15:34] {dino} 60-80 pts

[15:34] {Onix} ok ty

 [15:34] {Threei}  flir moves from 400 to 500

[15:34] {dino} we go 200-220

[15:34] {dino} just about at peak of range, 8828 was end of nov.

[15:35] {dino} cov itri +.02

[15:36] {dino} oct top at end was about 9100

 [15:40] {Threei}  UN SECURITY COUNCIL SCHEDULES MEETING ON THE MIDDLE EAST SITUATION FOR 6PMET TODAY

 [15:41] {Threei}  in case you wondered about their plans for new year eve

[15:44] {magoo} feel bad for them.....NOT

[15:47] {magoo} look at this sell off vad

 [15:48] {Threei}  looking

 [15:48] {Threei}  DRYS bounce cadnidate

[15:48] {magoo} from where?

[15:53] {magoo} .57 was the ticket

 [15:53] {Threei}  got .61

[15:53] {dino} huh, no big push

[15:57] {dptl} ok...Happy New Year all...and all the best.......see ya friday :)

[15:57] {patience} you too dp  :)

 [15:57] {Threei}  take care dp, happy new year'

 [15:57] {Threei}  thank you all, have a great New Year eve

 [15:57] {Threei}  see you all on Friday

[15:58] {dino} out esrx .10, +.05

[15:58] {patience} have fun tonight vad, thanks for the help this year

[15:59] {dino} happy new year all, be safe

[15:59] {dawg} thanks all

[15:59] {patience} i'm holding onto goldcorp.  want to see if i can start the new year off right

[16:00] {dino} cov mnro .45, +.05

[16:02] {magoo} ty vad, everyone..have a happy

Dec 30 2008

Not terribly active day, as expected. Couple stops, couple wins, barely profitable. AAPL saga brought nice trading opportunity when reluctant denial of a rumor appeared but it was mostly for personal consumption, not the room call.

Session Time: Tue Dec 30 00:00:00 2008

[08:34] {lisa_jay} Good morning.

[08:34] {Threei}  morning lisa

[08:34] {dawg} gm all

[08:34] {Threei}  dawg :)

[08:35] {Threei}  sold 500 SLW 6.57 seeing oil and gold down

[08:35] {patience} good morning RT   :)

[08:35] {Threei}  got 300 more that I picked yesterday at .38

[08:35] {Threei}  patience :)

[08:35] {Threei}  not sure if it's worth holding

[08:35] {Threei}  I guess will dump it if it loses .30

[08:35] {lisa_jay} HI Dawg, Patience.

[08:35] {patience} morning Lisa

[08:35] {dawg} Hello Lisa

[08:36] {patience} wouldn't surprise me if precious metals sulk for a week or so

[08:45] {Larisa1} good morning :)

[08:45] {Threei}  Larisa :)

[08:46] {Threei}  REPORTEDLY GM 8% 2031 BOND FALLS 238BPS FOLLOWING BAILOUT - UNCONFIRMED SOURCE

[08:46] {Onix} Good morning all

[08:46] {Threei}  onix :)

[08:46] {Larisa1} onix, threei :)

[08:47] {Threei}  yesterday around 8:40 pm I decided I am all for chemical castration as method of idiots control

[08:48] {Threei}  driving kids to ferry, temperature drops to freezing point after some rain during the day,

[08:49] {Threei}  on a curvy part of road I hit back ice patch,

[08:49] {Threei}  car fishtails a little, AWD kicks in and evens it out,

[08:49] {Threei}  I take foot off the gas pedal, arriving safely.

[08:50] {Threei}  On my way back, driving at the same spot, there is big SUV, Ford Explorer

[08:51] {Threei}  on this same patch loses control totally, wanders all over the road, by sheer luck avoids hitting concrete divider or car in the next lane.

[08:51] {Threei}  I take foot off gas pedal again,

[08:51] {Threei}  now get this:

[08:51] {Threei}  car behind me, THE SAME MODEL, Explorer,

[08:52] {Threei}  nervously honks and hurriedly passes me sharply swerving around me.

[08:52] {Threei}  Right there, seeing that one with no control 2 seconds ago!

[08:52] {Threei}  Now, do we want these people to procreate?

[08:53] {lisa_jay} We will need someone to buy our shares when we sell for profit Vad.

[08:54] {Threei}  yeah but life expectancy is not high enough for this kind... they won't be around when we hit sell button

[08:56] {Threei}  *OCT CASE SHILLER HOME PRICE INDEX: 158.1 V 161.56 PRIOR; COMPOSITE 20 INDEX: -18% V -17.9%E

[08:56] {Threei}  - prior home price revised from 161.56 to 161.65

[09:13] {magoo} morning

[09:13] {dino} gm all

[09:13] {tomg} good morning 

[09:13] {Threei}  magoo, dino, tom :)

[09:14] {magoo} vad, news GS AAPL FSLR RIMM?

[09:15] {dptl} good morning all

[09:15] {ese} good morning........

[09:15] {Threei}  dp :)

[09:15] {Threei}  not really mags

[09:15] {Threei}  ese :)

[09:16] {ese} heres interesting info for you all.......

[09:16] {ese} it's my birthday tomorow....

[09:17] {Threei}  wow... guaranteed celebration every year even if they forget :)

[09:17] {Threei}  happy birthday :)

[09:17] {ese} yes indeed!!!

[09:17] {ese} tks

[09:17] {magoo} nice ES ..happy bday

[09:17] {tomg} happy birthday ese :)

[09:17] {Onix} hi magoo; dino; tomg

[09:17] {ese} tks tom

[09:18] {ese} morning onix

[09:18] {tomg} hi onix

[09:18] {Onix} hi ese, happy birthday tomorrow!

[09:21] {ese} thnks you

[09:21] {dino} have a happy b-day es

[09:21] {ese} sorry thank you...thats better

[09:22] {ese} tks dino......

[09:22] {patience} happy birthday ese   :)

[09:23] {ese} tks patience.....

[09:30] {gen} gm evrybody :)

[09:30] {Threei}  gen :)

[09:31] {dino} rtlx

[09:32] {Threei}  watching PAL for 2 break

[09:32] {Threei}  I'd prefer it to happen when metals are strong though

[09:35] {Threei}  STLD

[09:35] {Threei}  watching for long if pulls back to .40 -.50

[09:36] {Threei}  half lot, one more leg down

[09:37] {Threei}  or .60 break if holding above .50

[09:38] {Threei}  better

[09:38] {Threei}  .50 break if holding above .40

[09:40] {Threei} Long Setup:  SLW  .33, stop under .20

[09:41] {Threei}  for hard core scalpers under .25

[09:42] {Onix} in .34

[09:42] {dino} rimm sm l .20

[09:44] {dino} stop is .89

[09:45] {Threei}  DEC CHICAGO PURCHASING MANGERS INDEX: 34.1 V 33E

[09:45] {dino} clwr blood

[09:45] {patience} agrium and potash doing well, low volume though, cdn side

[09:46] {ese} L SLW .36 1/2

[09:47] {lisa_jay} targets for trades vad?

[09:47] {dino} rimm stopped -.31

[09:48] {Threei}  SLW half out on the next spike, STLD is just a scalp if works

[09:50] {Threei} Long Setup:  QQQQ  .12 if stays above .05

[09:52] {dino} dxd sm l .60

[09:53] {dino} stop lod

[09:59] {dino} out dxd .00, +.40

[10:00] {patience} the market is moving in slow motion

[10:00] {Threei}  DEC CONSUMER CONFIDENCE: 38 V 45.5E

[10:00] {Threei}  yikes

[10:00] {dino} whew, thought that was me

[10:00] {Threei}  let's rally on this, and we are officially in a bull market

[10:01] {Threei}  STLD no worky

[10:01] {lisa_jay} STLD stopped

[10:02] {ese} Out SLW  too much supply -.06

[10:06] {Threei}  good out

[10:06] {lisa_jay} SLW stopped

[10:06] {Onix} stopped slw

[10:06] {dino} vz sm l .95, stop .62

[10:15] {lisa_jay} STLD rinsed.

[10:15] {Threei}  Qs setup is back

[10:15] {magoo} yes in .08

[10:18] {magoo} u know..i miss those 500 point swings

[10:18] {Threei}  lol

[10:18] {magoo} got used to big movemts

[10:18] {Threei}  they'll be back

[10:18] {Threei}  we are just having holiday boredom

[10:22] {lisa_jay} in q"s

[10:23] {Threei}  STLD, that was rude

[10:28] {Threei}  half out Qs here or scalp, your choice

[10:30] {Onix} ty Vad, i took 12c in q's

[10:30] {lisa_jay} Scalped out Q's got 10c thanks Vad.

[10:30] {dino} last try rimm sm l .95

[10:30] {Threei}  welcome

[10:30] {Threei}  offering second half .28

[10:30] {magoo} .27 here

[10:31] {magoo} out he he

[10:31] {lisa_jay} nice

[10:32] {Threei}  out

[10:32] {magoo} nice call boss

[10:34] {Threei}  barely covered previous stops, lol

[10:34] {magoo} you are only human:)

[10:36] {magoo} can u believe how nice i am being?

[10:36] {patience} i always said, that magoo...he is a real gentleman

[10:37] {Threei}  I can't magoo... I fainted

[10:37] {magoo} :)

[10:37] {patience} meanwhile back at the ranch, i totally missed the momo in cdn banks, ag and energy plays

[10:40] {magoo} haven"t done this in awhile

06[10:40] * magoo slaps patience around a bit with a large new pair of nike running shoes

[10:40] {patience} as long as they are new

[10:45] {lisa_jay} testing

[10:46] {lisa_jay} drys is perky this morning.

[10:46] {ese} back long SLW .29 1/2 lot

[10:47] {magoo} vads, news FSLR?

[10:47] {Threei}  nope

[10:51] {Threei} Long Setup:  LINE  .10 break half lot if stays above 15

[10:55] {magoo} any read PRU vad?

[10:56] {Threei}  mostly mirrors market today

[10:57] {Threei}  probably worth try for bounce scalp on sharp dive under .50

[10:57] {Threei}  smaller shares

[10:58] {Threei}  GM

[10:58] {Threei}  COMPANY HAS REPORTEDLY OBSERVED INCREASE IN SHOWROOM TRAFFIC AFTER ANNOUNCEMENT OF GMAC AS A BANK HOLDING COMPANY

[10:58] {Threei}  - Sales Chief: December sales had been better m/m before announcement of recent incentivized offers, may evaluate return to leasing

[10:58] {Threei}  - Notes that 2009 sales expectations remain unchanged{F}

[11:02] {patience} heading out for a bit, watching brazilian stocks, PBR is one i wanted to trade today

[11:02] {KSystems} good morning

[11:03] {Threei}  KS :)

[11:03] {Onix} hi KS

[11:03] {KSystems} hey vad, onix

[11:03] {Onix} it is so crazy ... when institutions get into trouble, they become banks?

[11:04] {Onix} lke Goldman Sacks & GMAC?

[11:06] {dino} life insueres

[11:06] {dino} insurers

[11:11] {dino} stop rimm .99, +.04 thing won't move

[11:12] {magoo} rimm lost its favor for now

[11:12] {lisa_jay} SVNT

[11:16] {Threei}  had news after market

[11:16] {Threei}  12/29/08 05:01pm

[11:16] {Threei}  [SVNT] Savient Pharmaceuticals Inc. Pegloticase BLA Filing Accepted for Priority Review by FDA

[11:16] {Threei}  - PEGLOTICASE is a novel biological drug for treatment-failure gout (TFG) patients.

[11:16] {Threei}  - Under priority review, the target date for an FDA decision on the pegloticase BLA is April 30, 2009.

[11:20] {Larisa1} magoo hurt RIMM's feelings, moving now :)

[11:21] {Threei}  PLD

[11:21] {Threei}  if losing .40, likely to drop sharply and give nice bounce scalp

[11:21] {dino} wmt sm l .50

[11:21] {magoo} call your entry please..i always chase iin

[11:22] {dino} f'ing rimm

[11:24] {magoo} long aapl here for scalp

[11:24] {magoo} in .18

[11:24] {magoo} stop ..90

[11:26] {magoo} .47 exit

[11:26] {magoo} if gets there

[11:27] {Threei}  SAY

[11:27] {Threei}  DISCLOSES NO LONGER IN COMPLIANCE WITH INDIAN STOCK EXCHANGE RULES DUE TO DIRECTOR RESIGNATIONS RECENTLY - FILING

[11:27] {Threei}  short on .70 break?

[11:27] {Threei}  with stop above .80

[11:27] {magoo} avail

[11:27] {Threei}  it's not news really

[11:28] {Threei}  hard to tell

[11:28] {magoo} missed PRU

[11:29] {magoo} kickin AAPL

[11:30] {Threei}  OK, .69 short but with stop above .75

[11:30] {magoo} pretty good kkick

[11:30] {magoo} out

[11:30] {Threei}  no kidding

[11:30] {Threei}  wtg

[11:30] {magoo} hurt myself tho

[11:31] {Threei}  RIMM won't follow for some reason

[11:31] {Threei}  didn't make even couple cents on this Qs spike

[11:31] {dino} aapl sm l .40

[11:32] {magoo} yeah,..aapl moves still..not as  good as used too..but rimm has quit

[11:38] {Threei}  if market goes for new highs, HIG 16 break for a scalp

06[11:39] * Threei slaps Chaeron around a bit with a large Happy New Year greeting

[11:39] {Chaeron} thanks :) Hi all

[11:40] {Onix} hi Chaeron

[11:41] {Chaeron} hi Onix :)

[11:42] {Threei}  Santa is here but looks pretty much sapless

[11:42] {Threei}  spent

[11:42] {Threei}  exhausted

[11:44] {lisa_jay} futures going up...but HIG not breaking that 16

[11:48] {dino} aapl stop to .80

[11:52] {dino} out +.40

[11:54] {Onix} wtg!

[11:55] {Threei}  nice one

[11:55] {tomg} wtg dino, i got part of it, ty!

[11:55] {dino} ty

[12:01] {dino} i messed up wmt, had .95 and didn't take it

[12:05] {Threei}  CAT

[12:05] {Threei}  half lot long on .50 break

[12:05] {Threei}  stop under .35

[12:06] {Threei}  with any market support is capable of more than scalp

[12:09] {dino} stopped vz .22, +.28

[12:09] {dino} stopped wmt .65, +.15

[12:13] {Threei}  put also KLAC on watch

[12:13] {Threei}  bounce scalp candidate

[12:18] {laserdave1} laserdave1 hits the entire room with santy claus

[12:18] {Threei}  lol

[12:18] {Onix} ty

[12:19] {laserdave1} now tha was imprssive

[12:19] {laserdave1} nprobs

[12:27] {lisa_jay} laserdave1 DCC if you have a minute

[12:30] {dino} itri

[12:30] {dino} ensg

[12:37] {dino} itri sm s .18, risky

[12:40] {Threei}  watching KLAC for possible bounce off .50 and CAT off 43

[12:47] {Threei}  SVNT nice sizeable pullback

[12:48] {dino} stop on itri is .46

[12:49] {Threei}  AAPL

[12:49] {Threei}  reports of Jobs health problems

[12:50] {lisa_jay} sheesh

[12:50] {Threei}  rumors rather

[12:50] {Threei}  if denied, buy all you can

[12:51] {lisa_jay} Drys any read vad?

[12:51] {Threei}  AAPL

[12:51] {Threei}  HEARING WEAKNESS ATTRIBUTED TO VAGUE SPECULATION ON HEALTH OF STEVE JOBS

[12:51] {Threei}  not really

[13:01] {dino} aapl sm l .90, risky

[13:05] {magoo} u in cat vad

[13:08] {dino} vad is the cat

[13:08] {Threei}  no

[13:09] {dino} out aapl .30, +.40

[13:10] {lisa_jay} nice

[13:10] {dino} cpla spike

[13:10] {Threei}  missed it near 43, got distracted

[13:10] {dino} thin

[13:10] {Onix} gj

[13:10] {dino} midd too

[13:10] {magoo} nice dino

[13:10] {dino} thx

[13:21] {lisa_jay} .

[13:26] {dino} cov itri .85, +.33

[13:26] {Onix} nice

[13:26] {dino} ty

[13:27] {Threei}  last time around this happened company was faairly quick to deny rumors

[13:27] {Threei}  I guess traders get nervous about lack of denial

[13:29] {dino} we shall buy it again

[13:29] {magoo} oh no u shant

[13:35] {dino} getting interesting

[13:37] {magoo} o no 

[13:37] {dino} would seem that jobs is the only aapl employee the way it trades

[13:37] {magoo} the only one in research

[13:37] {Onix} SU?

[13:38] {magoo} SU=shut up?

[13:38] {Threei}  lol

[13:38] {Threei}  not sure onix

[13:38] {Onix} :)

[13:41] {dino} esrx

[13:41] {lisa_jay} FFIV

[13:44] {Threei}  half lot CAT .11

[13:45] {dptl} stop under 43?

[13:45] {Threei}  yup

[13:46] {magoo} in cat

[13:46] {lisa_jay} IN

[13:46] {Onix} in .12

[13:47] {ese} talk about your b-flat ordinary tuning type nothing day.   Am still long the molasses version of SLW.  Although i'm +.08 which would put me up  +,02 for the day.

[13:47] {dino} fantastic

[13:48] {lisa_jay} Bright side you are up.

[13:48] {dino} lol

[13:48] {Threei}  more ethusiasm AAPL

[13:48] {ese} huh.....aaahhh oh ya....i'm up!

[13:49] {magoo} hate to chase aapl here

[13:49] {magoo} NEWS AAPL CNBC

[13:49] {Threei}  denial?

[13:50] {ese} he better be alright.......man i just bought his computor.

[13:50] {magoo} yes

[13:50] {Threei}  beautiful

[13:50] {lisa_jay} were u long?

[13:50] {Geo} hi fellow speculators !

[13:50] {Geo} laseedave dcc pls

[13:50] {Threei}  grabbed .18

[13:50] {Threei}  half out CAT

[13:51] {Threei}  CNBC'S GOLDMAN: APPLE DOES NOT COMMENT ON MARKET RUMORS, NOTHING HAS CHANGED FOR PULLING OUT OF MACWORLD CONFERENCE, CITING IRRELEVANCE OF CONVENTIONS

[13:51] {Threei}  stop to .04

[13:52] {dptl} cat?

[13:52] {Threei}  yes

[13:55] {Threei}  this is not real denial, is it

[13:55] {dino} me thinks aapl protests too much

[13:55] {magoo} not a clear denial

[13:55] {Threei}  no

[13:56] {Threei}  market wants to see him doing push-ups

[13:56] {dino} brings back memories of the 3 d's

[13:57] {Threei}  our balance CAT

[13:57] {Threei}  out

[13:57] {lisa_jay} stopped

[13:57] {Onix} stoped CAT

[13:57] {Onix} & stopped

[14:01] {magoo} ditto

[14:01] {Threei}  am I the only one here taking half at 1:1??

[14:02] {dino} you are te only one here

[14:02] {Threei}  oh good

[14:02] {Onix} yup

[14:02] {magoo} yup

[14:03] {Onix} ever hopeful ... i thought 1:1 for CAT was .22 - .24

[14:04] {Threei}  hit.22, stalled... why be so literal in choppy thin market?

[14:05] {Threei}  [13:50] {Threei} half out CAT

[14:05] {Onix} learning every day ... was too fast for me :)

[14:05] {Threei}  SPOKESPERSON: COMPANY WOULD INFORM PUBLIC IF DETERMINED THAT JOBS WAS UNABLE TO PERFORM DUTIES

[14:11] {dino} esrx sm l .60

[14:14] {dino} stop is .33

[14:15] {dino} uhal rocking, thin

[14:17] {Threei}  people are moving a lot recently?

[14:22] {dino} \perhaps

[14:26] {Threei}  8 snowmobilers died in avalnche in BC

[14:31] {Threei}  FMCN

[14:31] {Threei}  SHARES INITIATED WITH BUY RATING AT A BOUTIQUE FIRM, PRICE TARGET $13 (TIMING UNCERTAIN)

[14:35] {magoo} vad..mkt close up big or wha?

[14:36] {Threei}  I doubt it

[14:36] {magoo} feels to magoo up

[14:37] {Threei}  feels up to me too, but big - hardly

[14:37] {patience} is market open all day tomorrow?

[14:37] {Threei}  half

[14:37] {Threei}  I think

[14:37] {patience} ty

[14:38] {dptl} i think its a full day

[14:38] {dino} gass

[14:38] {lisa_jay} Patience are you in PBR?

[14:38] {patience} y

[14:38] {lisa_jay} Where did you pick it up?

[14:38] {lisa_jay} thanks.

[14:38] {patience} 23.40

[14:39] {patience} was waiting for a nice pop after the bollinger bands narrowed so nicely

[14:39] {dino} pabst blue ribbons

[14:39] {patience} not exactly taking off

[14:39] {Threei}  yup... full day

[14:39] {patience} it is a good swing candidate for me

[14:40] {patience} i'm reading up on brazilian stocks, will narrow the list down to 6 and probably trade them in 2009

[14:41] {lisa_jay} The daily looks very nice...

[14:41] {dino} esrx stopped -.27

[14:41] {patience} slow and steady   :)

[14:42] {lisa_jay} Not to jinx it, but if it were to not work out...where would you be stopped out?  Thanks.

[14:43] {patience} in the 21 dollar area...this is a longer play for me

[14:43] {lisa_jay} Ok, thank you.

[14:59] {dino} esrx getting spanked

[15:02] {dino} vz sm l .80

[15:10] {Geo} hey vad dcc if you have a min pls

[15:13] {dino}  vrtx

[15:25] {dino} aapl sm l .70

[15:35] {dino} aapl stoped .25, +.55

[15:35] {lisa_jay} nice

[15:35] {dino} ty

[15:35] {dino} magoo piggy backed it

[15:36] {Threei}  watching CSIQ for pullback into .40- .50

[15:38] {magoo} dino..3:40 spikarolla}????

[15:39] {dino} signs point to yes

[15:39] {dino} esrx big old rinse

[15:41] {Threei}  will take CSIQ if eats through .60

[15:45] {dino} theres 46 pts

[15:45] {dino} should get 60-80

[15:45] {dino} had 50

[15:50] {lisa_jay} anyone got CSiQ?

[15:50] {Onix} went way too fast through 60, 61 etc.

[15:51] {dino} nope

[15:52] {dino} ok +60

[15:52] {Threei}  don't take it on pullback unless willing to hold overnight

[15:52] {Threei}  too close to eod in case you lost track of time

[15:53] {dino} crazy 3:40 bounces go 60-80 points just about every day

[15:55] {magoo} DINOOOOOOO

[15:55] {magoo} called it

[15:56] {dino} 82

[15:57] {dino} out vz .20, +.40

[15:58] {dino} slow day, but 8/11

[15:58] {magoo} DDDDDDDIIIIIIIIIIIIIIIIIIIIIIINNNNNNNNNNNNNNNNNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[16:00] {dptl} have a good evening all

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening, see you tomorrow for the last session of this tortured year

[16:01] {magoo} ty boss

[16:01] {dino} take care all

[16:01] {dino} thx for ideas

[16:03] {dawg} thanks everyone

Dec 29 2008

Mostly slow day, still presented a few nice trades. SLW particularly was useful educational one as we applied so called "umbrella concept".  See the comments from 10:00 and on for more details.

Session Time: Mon Dec 29 00:00:01 2008

[08:30] {Threei}  NYMEX FEB CRUDE FUTURES MOVE BACK BELOW $40/BARREL - TRADERS

[08:30] {Threei}  **Note Crude drifting lower after Senegal Foreign Min stated that Hamas Chief Meshaal was ready to sign a peace agreement

[08:43] {Threei}  REPORTEDLY PALESTINIANS BREAKOFF PEACE TALKS

[08:47] {Onix} Good morning everybody

[08:48] {Threei}  onix :)

[08:59] {gen} gm rt

[08:59] {Threei}  gen :)

[08:59] {gen} :)

[09:00] {KSystems} Good morning

[09:01] {Threei}  ks :)

[09:03] {Onix} hi gen; ks

[09:06] {gen} Onix ,ks:) 

[09:07] {ese} good morning......

[09:07] {dawg} gm all

[09:08] {Onix} hi dawg

[09:08] {lisa_jay} Good morning.

[09:08] {magoo} morning

[09:08] {Onix} hi lisa; magoo

[09:09] {lisa_jay} Hi Magoo, Onix, Dawg, Ese, Gen, Ksystems, Threei :-)

[09:10] {gen} lisa, magoo, dawg, ese :)

[09:11] {dawg} Hello Onix

[09:11] {Threei}  ese, dawg, magoo, lisa :)

[09:12] {Threei}  so... as if 2008 was too boring, we got new war on its last days

[09:15] {Onix} hi ese

[09:15] {ese} hey onix....happy new year all....

[09:15] {Onix} just seems as if that war will never end

[09:15] {Onix} ty

[09:16] {Threei}  thank you ese, you too!

[09:16] {ese} vodka all around .....on vad...bonus for being on the board??????

[09:16] {Threei}  sure, just don't let dp to pour it

[09:17] {Threei}  he knows just one measurement: to the rim

[09:17] {ese} my kind of measuring

[09:18] {Threei}  watching SLW, possible mover on renewed commodities strength

[09:18] {Threei}  GG

[09:18] {Threei}  USO

[09:19] {Threei}  half eye on PLD to see if there is a desire for momo continuation

[09:19] {ese} done

[09:19] {dino} gmn all

[09:19] {Threei}  dino :)

[09:19] {dino} gm that is

[09:20] {gen} dino:)

[09:20] {dino} 'gm gen

[09:21] {Onix} hi dino

[09:22] {dino} :)

[09:23] {magoo} vad, news AAPL..RIMM..FSLR??

[09:24] {Threei}  nope

[09:26] {dptl} good morning all

[09:27] {dino} zacks buy on rimm

[09:27] {gen} dp:)

[09:27] {dptl} :)

[09:28] {magoo} ty

[09:29] {ese} whats with LINE?

[09:29] {Threei}  dp :)

[09:29] {Threei}  12/27/08 10:32am

[09:29] {Threei}  Barron's Cover Story: HPQ is Printing Profits

[09:29] {Threei}  ** also in Barron's this week: positive on MICC and LINE; credit card issuers face tough times.

[09:30] {Threei}  - positive feature Linn Energy MLP (LINE) a gas and oil driller that pays out close to 70% of its quarterly cash flow to its shareholders. The shares have been halved recently, but could rebound back to their peak if the limited partnership can maintain its level of cash-flow distributions

[09:33] {patience} out Gordcorp +3.03 - I'm done for the day   :)    good morning RT

[09:33] {Threei} Long Setup:  SLW  .30 break if stays above .15

[09:33] {Threei}  nice hold patience

[09:33] {magoo} in SLW

[09:33] {patience} involuntary, tsx was closed last friday

[09:34] {ese} nice patience....

[09:35] {Onix} in .32

[09:35] {Threei}  look to half out SLW closer to .50

[09:35] {magoo} waiting .47

[09:36] {Threei} Long Setup:  GG  half lot 31 break if stays above .85

[09:39] {Threei} Long Setup:  PLD  half lot .20 if stays above 13

[09:39] {Threei}  GG invalidated

[09:39] {dino} gj patience

[09:39] {Threei}  SLW 1:1, half out

[09:40] {magoo} out .47 TY

[09:40] {Threei}  welcome

[09:40] {ese} good job all...

[09:40] {Threei}  PLD invalidated

[09:41] {Threei}  bounce candidate but no read here

[09:41] {magoo} USO bouncer vad?

[09:42] {Threei}  offering 1/4 more SLW .59

[09:43] {Threei}  not sure here mags

[09:43] {magoo} ok ty

[09:43] {magoo} beauty SLW boss

[09:43] {Onix} 1/2 out slw .49

[09:44] {gen} SLW .55

[09:44] {Threei}  out 1/4 .54

[09:44] {gen} ty Vad

[09:44] {Threei}  :)

[09:45] {Threei}  stop for the last part is under .30

[09:46] {Threei}  with most of profit protected want to let it breathe and move

[09:47] {magoo} wheres support? .30 ish/

[09:49] {Threei}  most pronounced one, yes

[09:50] {Threei}  pld

[09:51] {Threei}  ugh

[09:51] {Threei}  missed that sharp selloff

[09:51] {Larisa1} nah, it was not catchable bottom

[09:51] {Threei}  I guess

[09:51] {wishbone} gg

[09:56] {Threei}  if this last portion is stopped on SLW, this one is not done most likely

[09:56] {Threei}  just need something new to shape up on it

[09:57] {Threei}  don't be in any rush to force new trades, our strategy till jan is to be relaxed and picky

[09:57] {Threei}  hunt and peck

[09:57] {Threei}  not that we are going to become particularly tense in Jan, mind you

[10:00] {Threei}  we can try kind of umbrella trade on SLW here

[10:00] {Threei}  if stays above .40, buy 1/4 back on .45 break

[10:00] {Threei}  stop for this 1/4 is under .40

[10:00] {Threei}  if moves, ride half lot into .55 and higher, look to unload it around .60

[10:01] {Threei}  unload 1/4 that is

[10:01] {Threei}  still keeping first 1/4 as core position

[10:01] {Threei}  confusing enough? :)

[10:01] {Onix} clear as mud :)

[10:01] {KSystems} order status page looking funny now :)

[10:03] {Threei}  consider them 2 separate positions, those 1/4s

[10:03] {Threei}  one is still with stop under .30 and for riding

[10:03] {Threei}  another is .45 break entry

[10:03] {Threei}  with stop under last low and for exit around .60

[10:04] {Threei}  umbrella concept, scalping around core position

[10:06] {Threei}  getting full lot and grabbing 1:1 would be more in the spirit of the concept, I just don't want to overcommit in this environemnt, and keep this trade as kind of training wheels

[10:06] {Threei}  because we will do more of this kind as bull market arrives

[10:07] {Threei}  feel free to take scalp on this second 1/4 anytime

[10:07] {Threei}  it's over 1:1

[10:08] {Threei}  WHITE HOUSE PRESS SEC: VIOLENCE IN GAZA WILL NOT STOP UNTIL HAMAS CEASES ROCKET FIRE IN ISREAL

[10:10] {Threei}  where is Geo, missing such an educational trade

[10:10] {Threei}  where is Chaeron the Adorable, he is just missed

[10:10] {Larisa1} sigh

[10:11] {Threei} Long Setup:  AUY  7.40 if stays above 7.30

[10:11] {dino} fwiw, watching ccc, rvbd, panl, gild

[10:12] {dino} afam too

[10:18] {Larisa1} vad, on PLD, capitulation bottom was too fast to catch, jumped with spread .25. But would you short it on a bounce back to 13 (10:04)  with a stop just above 13, or too strong bounce for shorting ?

[10:19] {Threei}  hard to tell

[10:19] {Threei}  one of those that look easy in hindsight

[10:19] {Threei}  but during the development, not much to hang your hat on

[10:20] {dino} 8391 dji target

[10:23] {Threei}  NY FED: REFRAINING FROM OPEN MARKET OPERATIONS

[10:23] {Threei}  coward

[10:25] {Chaeron} who you callin' yellow?"... :) Good morning all

[10:25] {Threei}  hi Chaeron :)

[10:26] {Threei}  [10:10] {Threei} where is Chaeron the Adorable, he is just missed

[10:26] {Larisa1} morning Chaeron :)

[10:26] {Chaeron} awww thanks... but that title just doesn't strike fear in men's hearts.......

[10:28] {dino} no, not really

[10:28] {Threei}  but it's so warm and fuzzy

[10:29] {Geo} gm traders !

[10:29] {Chaeron} hi Geo

[10:30] {Threei}  Geo :)

[10:30] {Threei}  [10:10] {Threei} where is Geo, missing such an educational trade

[10:30] {Threei}  there... they heard me or what

[10:31] {Geo} :)

[10:31] {Threei}  SLW new high

[10:31] {Geo} i was planning to slack till jan

[10:31] {Geo} couldnt keep away

[10:31] {Threei}  can trail dtop to under .40 now

[10:32] {Threei}  dtop = stop, I guess

[10:33] {Threei}  AUY stop to .34

[10:33] {dino} nwpx

[10:38] {ese} long JASO .32

[10:43] {dino} sm l gild .40, stop .07

[10:51] {Threei}  SLW umbrella trade can be engaged once again with .55 break if stays above .50

[10:52] {dino} sm l ccc .00., stop lod

[11:01] {Threei}  ISRAELI DEPUTY PM: ISRAEL'S GOALS ARE TO BRING DOWN HAMAS

[11:04] {Threei}  overall, liking this approach tried on SLW today?

[11:07] {Larisa1} group tough to please, you need to try harder threei :)

[11:07] {magoo} yup

[11:07] {Onix} it is looking good, but i sold out earlier, ty

[11:08] {Threei}  every time I try harder I just fall asleep

[11:09] {Larisa1} open your windows, cold air will wake you up :) 

[11:09] {dino} out gild .60, +.20

[11:09] {Onix} gj

[11:10] {dino} ty

[11:11] {Threei}  that would go against my actual purpose larisa

[11:11] {Threei}  making money while being barely awake (or half asleep), and by no means do anything that could get me wake up fully - that's the idea state

[11:12] {Threei}  ideal

[11:13] {lisa_jay} Is the SLW trade still valid (umbrella)?

[11:13] {lisa_jay} Thanks.

[11:14] {Threei}  no, holding .50 was a condition

[11:14] {Threei}  and it didn't just dip 1 cents below

[11:29] {magoo} Q read vad?

[11:30] {Threei}  chart wise, scalp on a long side with .70 trigger

[11:30] {Threei}  how reliable it is in so slow trading, no idea

[11:30] {dino} afam sm l .70, gappy, wide risky

[11:31] {dino} grrr nwpx was waiting s at .84

[11:33] {lisa_jay} Come one AUY break .50 already.

[11:36] {dino} rbn sm l .96

[11:40] {dino} stop is .63

[11:44] {Threei}  AUY 1:1

[11:44] {lisa_jay} out half...thanks Vad.

[11:44] {Onix} beautiful patience Vad

[11:45] {Threei}  wasn't hard really

[11:45] {Threei}  it never jeopardized the stop

[11:45] {Threei}  just slow, so what... what's my hurry

[11:46] {Onix} true

[11:54] {dino} rimm gap around 38.44 fwiw

[12:06] {ese} hello ...anyone there.....was disconnected

[12:06] {patience} hi ese

[12:06] {ese} hi patience tks

[12:06] {dino} plfe drop

[12:06] {Threei}  yeah, server hiccup

[12:07] {Threei}  today kind of redefines slow

[12:07] {patience} i like how slw is holding

[12:07] {patience} light volume though

[12:07] {Threei}  if magoo bought .69 QQQQ which he asked about 35 minutes ago, he would be whooping 5 cents

[12:08] {dino} rbn stopped -.33

[12:08] {ese} out JASO.... +.15 on 1400shs...... was taking eons to move

[12:08] {ese} 200 beans works for me

[12:08] {patience} no kidding

[12:08] {Threei}  wtg

[12:09] {Geo} server yawned too

[12:09] {ese} tks

[12:09] {Threei}  can you blame it Geo?

[12:09] {lisa_jay} Seesh....looks like my microwave is affecting the server too.

[12:10] {Geo} whatcha cooking lisa?

[12:10] {lisa_jay} Anyways, out AUY got 11c and 17c Thanks Vad.

[12:10] {Threei}  good job lisa

[12:10] {Onix} wtg lisa!

[12:10] {lisa_jay} Thanks Onix.

[12:11] {dptl} mur?

[12:12] {Threei}  you really feel like messing with such thin stock during so thin trading?

[12:12] {ese} Liiiiiiiisssssssssa   BAAAAAABY!!!!!!!!!!       wtg

[12:12] {lisa_jay} :-)

[12:12] {lisa_jay} Vad's call.

[12:13] {Threei}  MUR is walking recipe with unnecessary stop

[12:13] {ese} yep ....for alot of mine as well....

[12:13] {dptl} yeah....tru

[12:13] {dino} rbn tags stop classic nyse junk

[12:14] {dino} gj es, lj

[12:14] {lisa_jay} I hate NySE stocks now...used to trade them a lot before Vad...Always stopped out.

[12:15] {Threei}  well, SLW and AUY are not exactly NASDAQ :)

[12:16] {dino} lol

[12:16] {lisa_jay} You have expeirence in palcing stops..

[12:16] {lisa_jay} I didn't...don't...will i ever?

[12:16] {Threei}  come on...

[12:17] {Threei}  are there really many ways to place stop?

[12:18] {dino} imo only 2 ways

[12:18] {lisa_jay} Come and get me stops...or you can't catch me stops :-)

[12:20] {lisa_jay} Seriously, Vad's blog post on stops is really helpfull.  Using that as a blue print takes out lot of stress.

[12:21] {Geo} youre not using the 2nd sigma vol based chandler stops?

[12:21] {lisa_jay} lol

[12:21] {Geo} heheheh

[12:21] {Geo} but they are real you know

[12:22] {lisa_jay} Ok.

[12:22] {Geo} http://www.fibonaccitrader.com/HELP/INDICATORS/ChandelierStop/chandelier_stop.htm

06[12:22] * Geo doesnt use it or know anyone who does

[12:24] {KSystems} Chuck does, geo ;)

[12:24] {Geo} lol

[12:25] {KSystems} the formular looks a bit similar to the parabolic sar

[12:25] {Geo} yes

[12:25] {Geo} i looked at it long ago and decided its just easier hiding behinf supp and res

[12:25] {KSystems} chicken

[12:25] {Geo} no

[12:25] {KSystems} :P

[12:25] {Geo} lazy

[12:25] {Geo} vad would approve

[12:30] {Threei}  dp... see MUR?

[12:30] {ese} I knew that watching the markets in slow motion would come in handy one day......was just looking at one of our plants.....and i swear tha i saw it grow......hows that for skill transfer

[12:31] {ese} hmmmmm i really am bent ....arn't I......

[12:31] {dptl} ye.....i totaly lost lately......feels like don't understand enything

[12:32] {Geo} nope  just trying to work hard on a vacation day

[12:32] {Geo} hey chaeron... you took your kid to mtn high/big bear et?

[12:33] {Geo} he is gone !!! sniff

[12:33] {Threei}  henever recovered from server dump

[12:34] {Geo} slacker used it as an excuse !

[12:34] {Threei}  lol

[12:34] {Geo} for those of you not of these parts

[12:34] {Geo} we go there to sled/ski on artificail snow

[12:35] {Larisa1} in swimsuits ?

[12:35] {lisa_jay} nice...all our snow melted yesterday..60 degrees

[12:35] {Geo} hehehe but not a good sight no

[12:35] {lisa_jay} yup

[12:36] {Geo} took my 2.5 and 4.5 yr old for a trial run... looks like ill have to gear up as they had a lot of fun

[12:37] {dino} cool

[12:37] {Geo} http://www.bearmountain.com/index_winter.php

[12:37] {dino} my kids started at 5 and 7 geo, no fear

[12:38] {Geo} hmmm maybe i should chill heheheh

[12:40] {Larisa1} this looks scary, I wonder if these boys sliding on rails wear some kind of protection :)

[12:41] {Geo} skateboarding transferred to snow

[12:42] {dino} lol  larisa

[12:45] {Larisa1} Threei we know your secret : you ARE Santa, need to wake up and give us Santa rally.

[12:46] {Threei}  no I am not

[12:46] {Threei}  I am too sarcastic and mean

[12:46] {Threei}  my 'ho ho ho" sounds too much like gloating "ha ha ha"

[12:47] {Larisa1} can you at least pretend ?

[12:47] {Threei}  unsucessfully yes, I can

[12:47] {Threei}  but think of it... can you even begin to imagine Santa slapping people around him with various objects

[12:48] {Threei}  all of them large

[12:48] {Larisa1} why not, crazy World, crazy Santa

[12:48] {Threei}  ok... then you get crazy rally :)

[12:48] {Larisa1} lol

[12:57] {patience} vad, is your christmas tree too close to the server?

[12:57] {dptl} .

[12:57] {dino} hmm, booted again

[12:57] {Geo} man

[12:57] {Geo} vads server preventing me from making millions

[12:57] {dino} me too geo

[12:58] {Threei}  sigh

[12:58] {Threei}  lisa and her microwave

[13:01] {dino} gild sm l .30, forgot about it

[13:03] {dino} 12/12 dji lod 8347

[13:13] {lisa_jay} Yup...heated some pizza for kid.

[13:13] {Threei}  there you go

[13:14] {lisa_jay} Seriously...do u think it is affecting it?  Will have to stop using it during market hrs.

[13:14] {Geo} wood fired ovens are ok

[13:15] {lisa_jay} Thank God I still have one of those.

[13:19] {lisa_jay} .

[13:19] {dino} out afam .30, +.60

[13:19] {patience} wonderful Dino

[13:20] {lisa_jay} nice

[13:20] {dino} ty, all day it seemed

[13:25] {Onix} gj dino

[13:31] {dino} sold that about .70 early

[13:33] {lisa_jay} Vad, MRO?

[13:33] {Threei}  not sure lisa

[13:33] {Threei}  kind of 50/50

[13:34] {lisa_jay} Ok, thanks..

[13:35] {magoo} read Q vad??

[13:35] {Geo} lisa dcc pls

[13:37] {Threei}  none mags

[13:38] {Threei}  no rythm to get any real read

[13:42] {dino} idiot award to me today, afam goes another 1.20

[13:43] {magoo} cant catch  the top dino..u know this

[13:43] {lisa_jay} no Dino..i get the "Idiot prize"....let a 50c trade go against me.

[13:43] {magoo} scalp a scalp 

[13:43] {dino} putting it mildly

[13:44] {Threei}  you are kidding lisa

[13:44] {lisa_jay} Hanging head in shame...no Vad

[13:45] {lisa_jay} MICC.

[13:46] {dino} out ccc .47, +.47

[13:46] {dino} don't dwell on it lj

[13:46] {Onix} gj again

[13:47] {Threei}  I may let go sometimes relatively small profit

[13:47] {Threei}  10 - 12 cents, something like that

[13:47] {dino} thx, taking hours today

[13:47] {Threei}  if I feel strongly it has bigger chance,

[13:47] {dino} afam spikes w/o me

[13:48] {Threei}  don't really care about oreserving relatively small profit as I have nice day without it

[13:48] {Threei}  but 50 cents?

[13:48] {lisa_jay} Yup.

[13:48] {Threei}  no way in the world I'd let it evaporate

[13:48] {lisa_jay} very small shares...so could not partial out.

[13:50] {Threei}  50 cents is 50 cents

[13:50] {dino} rate sm l .80 partial fill

[13:53] {dino} lj, look at it this way, at least cov the commission cost

[13:53] {lisa_jay} Ok, thanks Dino.

[13:53] {dino} what size if i may ask?

[13:53] {lisa_jay} 100 shares.

[13:54] {Threei}  and your daily goal at this point is, if not a secret?

[13:54] {lisa_jay} :-)

[13:54] {dino} ok. fwiw i'm on only 300 for now, give you an idea

[13:55] {dino} .50 up, i lock in by hard stop $100 profit

[13:55] {dino} but i am stingy

[13:55] {lisa_jay} Book the profits....till i get to the daily goal.  Ok.

[13:56] {dino} it adds up, and think about it 5 $50 hits = i $250 hit

[13:56] {dino} green = green does not matter how you do it

[13:57] {lisa_jay} Yes.

[13:57] {Threei}  and they do add up very nicely

[13:59] {dino} ot: remeber rimm, gap around 38.44, look what happened

[13:59] {lisa_jay} Vad, OXY cup and handle?

[13:59] {lisa_jay} Thanks.

[14:04] {dptl} .

[14:05] {Geo} have a great day all.....

[14:05] {Geo} off to take kids to play

[14:05] {lisa_jay} Bye Geo.

[14:05] {patience} bye geo

[14:05] {Geo} bye

[14:05] {dino} rate stop is .48

[14:05] {Threei}  take care geo

[14:05] {lisa_jay} rate

[14:05] {Threei}  nah lisa

[14:05] {lisa_jay} sorrry wrong screen...:-)

[14:06] {Threei}  I meant OXY

[14:06] {lisa_jay} ok, thanks Vad.

[14:09] {dino} cya geo

[14:15] {lisa_jay} hes

[14:20] {patience} few weeks ago, i read 26% of days trades are now placed in last half hour for overnight hold and sell

[14:21] {patience} which i have copied, monkey see monkey do

[14:21] {patience} wonder if this trend keeps building

[14:22] {Threei}  I'd think, it's a great scalpable pattern

[14:22] {patience} i try to sell in first 20 minutes of morning trading

[14:22] {Threei}  remember dino's "3:40" rally?

[14:22] {Threei}  probably reflection of that stats

[14:22] {Larisa1} but how do you sleep at night, patience? :)

[14:23] {lisa_jay} Out Hes 20c.

[14:23] {patience} i think i am probably the most risk adverse in the room

[14:23] {Threei}  there you go lisa

[14:23] {Threei}  that's how it's done

[14:23] {patience} i watch and read too much i guess, but i keep scalping always

[14:23] {Threei}  got a nice prodfit, book it

[14:24] {Threei}  don't think "what if"

[14:24] {lisa_jay} Thanks Vad.

[14:24] {Threei}  not during these low volume days anyway

[14:24] {Threei}  we will get different market

[14:25] {patience} my goldcorp april options this morning, up $1.85 and also $1.50 on different lots

[14:25] {Threei}  when its here we will let them run

[14:25] {patience} vad and i had a discussion about them, him asking why i don't hold them

[14:25] {patience} me: can't take the risk, want the money now

[14:25] {lisa_jay} I top ticked it...dropped right away.

[14:25] {Threei}  :)

[14:25] {dino} rate stopped -.33

[14:26] {lisa_jay} Patience how many strike prices away and exp months do you buy the options?  Thanks.

[14:26] {ese} yup .... I like that strategy......want the money now.....

[14:26] {patience} i prefer to be 6 months out

[14:26] {patience} and i'm usually close to being in the money

[14:26] {patience} i'm just looking for the pops and scalping in a trending market

[14:26] {Larisa1} risk tolerance is very different for different people. And it is all mental game. have to trade and try to be calm too. so your life is not a nightmare. 

[14:26] {patience} which is why i ambulance chase sectors

[14:27] {lisa_jay} Now i can't watch hes.

[14:28] {lisa_jay} R u mostly buying calls Patience.

[14:28] {patience} 95% of the time

[14:29] {patience} i've lost my edge on shorting, just can't stomach the risk

[14:31] {lisa_jay} Thanks Patience.  You seem to be using the leverage of Options really well.

[14:32] {patience} lisa, i don't know how to do options, one day i will take a course.  i am just scalping.

[14:33] {lisa_jay} A guy i know does spread trading with options

[14:34] {lisa_jay} held through the big drops in the market.

[14:34] {dino} [14:26] {patience} me: can't take the risk, want the money now

[14:34] {lisa_jay} I should print that on my eyelids.

[14:34] {dino} same patience, whenever i hold i get destroyed

[14:35] {dino} i am on ATM mode for time being

[14:35] {patience} another thing i had to learn, to trade according to my lifestyle.  too many interruptions in my day to watch the screen all the time

[14:36] {lisa_jay} hence in and out quick?

[14:36] {lisa_jay} quick scalps.

[14:36] {patience} yes, and i can always re-enter the stock if setup comes again in the day

[14:37] {lisa_jay} will keep that in mind.

[14:37] {dino} for me, lots of thought and review over last 5 days....bottom line, underperforming, too many trades, back to bread and butter w/more sitting

[14:38] {ese} speakin of siting.....am off to the chiropractor....see you all tomorow.

[14:38] {dino} cya es

[14:38] {ese} take care dino

[14:38] {lisa_jay} Hope everything is ok Ese?

[14:39] {dino} see rate take my stop to form new lod then bounce

[14:41] {Threei}  take care ese

[14:42] {dino} shen fast fall

[14:43] {dino} gappy one

[14:47] {Threei}  POSSIBLE THAT MSFT MAY LOOK TO ACQUIRE RIMM - CNBC GUEST

[14:47] {Threei}  {MSFT}

[14:47] {Threei}  gosh

[14:47] {Threei}  who is that guest

[14:48] {dino} better than yhoo

[14:49] {Threei}  no kidding

[14:50] {Threei}  that idea was whacked from the get-go, IMO

[14:50] {Threei}  I believe MSFT should be happy with how it turned out

[14:50] {dino} shen random

[14:51] {dino} they will probably get yhoo anyway, under 5

[14:56] {lisa_jay} dvn missed

[15:07] {dptl} .

[15:07] {magoo} Xoplosion up

[15:08] {lisa_jay} yup

[15:09] {patience} missed silver wheaton pop up 25 cents, friggin snow is blowing in with a windstorm

[15:10] {dptl} is it snow again there?

[15:10] {Larisa1} please send some snow to me, i want new year with a snow

[15:10] {Threei}  nothing here

[15:10] {Threei}  blue sky and sun

[15:10] {patience} oh great, the fluffy stuff now....and i'm trapped with christmas baking next to me

[15:10] {dptl} wheeu :)

[15:10] {patience} it's blowing north vad, it's only a few minutes away

[15:11] {Threei}  ok... waiting

[15:12] {dino} sm l shen .96 risky

[15:16] {patience} i sure missed some nice trades on potash, agrium and energy plays.  tsx up 261

[15:17] {Threei}  PAL

[15:17] {Threei}  interesting daily

[15:18] {Threei}  if stays here today and breaks 2 tomorrow, I would be interested

[15:19] {patience} good volume today

[15:19] {patience} nice and cheap  :)

[15:29] {dino} gild stop to .63

[15:30] {dino} out +.33

[15:30] {KSystems} beauty

[15:30] {KSystems} congrats :)

[15:30] {Threei}  :)

[15:30] {dino} ty

[15:31] {dptl} oh...finaly we have rain here...kinda miss it :)

[15:31] {KSystems} I have to get up early tomorrow....

[15:31] {KSystems} I'm out

[15:31] {KSystems} good night everybody!

[15:31] {Threei}  take care ks

[15:31] {lisa_jay} Bye Ks.

[15:32] {Threei}  (let's move Europe to NY time, will make things easier for ya)

[15:32] {KSystems} yes, or let me move to NY

[15:32] {KSystems} wouldnt say no

[15:33] {dino} giddy-up 3:40 area

[15:33] {patience} volume pop on goldcorp

[15:34] {dino} and unlucky me, wife is shopping

[15:34] {Threei}  SLW may be worth considering as overnight hold

[15:34] {dino} must be buying gold

[15:34] {lisa_jay} R u taking a position in SLW Vad?  Thanks.

[15:34] {Threei}  thinking still

[15:37] {dptl} have a good evening all :)

[15:37] {Threei}  take care dp

[15:37] {lisa_jay} bye dp

[15:38] {Threei}  OK... half lot at .42

[15:38] {dino} cya dp

[15:38] {Threei}  either add half lot if goes lower before end of day or holding this half if ends here or higher

[15:39] {dino} gutsy move maverick

[15:39] {dino} :)

[15:40] {lisa_jay} Stop for this trade Vad?

[15:40] {dino} on the dot, 3:40

[15:40] {Threei}  no kidding

[15:40] {patience} ditto to vad's comment

[15:40] {dino} to -25isk imo

[15:40] {Threei}  there is no stop for this half lot lisa

[15:40] {patience} looked like they ran stops and then buy program

[15:41] {Threei}  lower closing is for grabbing second half

[15:41] {lisa_jay} holding this overnight or partialling out?  Thanks.

[15:41] {Threei}  stop for full lot will be tomorrow's consideration

[15:42] {Threei}  if I remain with half lot, holding

[15:42] {Threei}  if get full, may partial out IF it moves up after hours

[15:48] {dino} nwpx hod

[15:58] {Threei}  Ok guys, thank you all

[15:58] {Threei}  slow but profitable day

[15:58] {lisa_jay} Thanks Vad.

[15:58] {Threei}  have a good evening, see you tomorrow

[15:58] {Larisa1} bye :)

[15:58] {lisa_jay} Thanks Dino and Patience.

[15:58] {patience} :)    

[15:59] {patience} you got wind and snow yet Vad?

[15:59] {Threei}  nope

[15:59] {patience} blue skies and sun here now

[15:59] {dino} out shen .05, 

[15:59] {dino} +.09

[15:59] {Threei}  see? I sent my nice weather to you

[15:59] {Threei}  despite your attempts to send that storm to me

[15:59] {Threei}  me kind

[16:00] {Threei}  almost as adorable as chaeron

[16:00] {dino} np lj

[16:00] {dino} thx all, ditto what vad said

Dec 26 2008

We made it a short session, too low volume. Nonetheless, PLD and USO trades made for a nice profitable day.

                                                                                               

Session Time: Fri Dec 26 00:00:00 2008

[08:07] {Onix} Good morning 3i, jmb & tomg

[08:07] {Threei}  Good morning

[08:08] {Onix} You could not sleep either hey?

[08:08] {Threei}  age... :)

[08:09] {Onix} ya

[08:13] {Onix} Vad, could your daughter make it home yet? 

[08:14] {Threei}  thankfully yes

[08:14] {Threei}  with flight delays, but that's minot inconvinience these days

[08:14] {Threei}  minor

[08:14] {Onix} thats great ... you had a good xmas then?

[08:15] {Threei}  fantastic

[08:15] {Onix} yes, there is nothing like having the children home for Xmas

[08:17] {Threei}  and feeding them to the point of fainting

[08:17] {Onix} no, that is not so good of you! 

[08:17] {Threei}  no, but who is to stop me?

[08:18] {Onix} true, they can go back on their diets when they go home again

[08:19] {Threei}  eqzaktly

[08:20] {Threei}  AMZN

[08:20] {Threei}  REPORTS 2008 HOLIDAY SEASON

[08:20] {Threei}  - Says 6.3M items ordered worldwide on its peak day of Dec. 15, notes it is the best holiday season ever for the compay

[08:21] {Larisa1} good morning :)

[08:21] {Threei}  Larisa :)

[08:21] {Larisa1} hi threei :)

[08:22] {Onix} hi there Larisa

[08:23] {Larisa1} onix :)

[08:24] {_elepet} good morning.

[08:24] {Threei}  elepet :)

[08:38] {Onix} hi lelepet

[08:58] {gen} gm Room

[08:58] {lisa_jay} Good Morning 

[08:58] {Threei}  gen, lisa :)

[08:59] {gen} Vad :)

[08:59] {gen} lisa:)

[09:06] {patience} happy boxing day RT

[09:06] {Threei}  patience :)

[09:07] {dawg} gm all

[09:08] {Threei}  dawg :)

[09:09] {dino} gm all

[09:09] {Threei}  dino :)

[09:10] {dino} :)

[09:12] {Threei}  keeping an eye on AMZN, PLD

[09:13] {Onix} hi gen, lisa, patience, dawg & dino

[09:13] {gen} Onix:)

[09:13] {lisa_jay} Hi Onix.

[09:14] {wishbone} good moring all

[09:14] {Threei}  wish :)

[09:15] {tomg} gm all

[09:15] {Threei}  tom :)

[09:18] {Onix} hi wishbone, tom

[09:18] {tomg} hi Onix

[09:20] {wishbone} hi onix

[09:21] {magoo} morning and hope everyone had nice holiday

[09:22] {Threei}  magoo :)

[09:25] {Onix} hi magoo, yes ty

[09:25] {Threei}  12/24/08 07:29pm

[09:25] {Threei}  [GM] General Motors Corp GMAC unit approved by Fed as bank holding co; Utah Dept of Financial institutions also approves GMAC Bank as a State bank

[09:25] {Threei}  -The Federal Reserve stated it stepped in ahead of Friday's GMAC debt for equity exchange deadline, citing "emergency conditions" are needed to speed GMAC's approval and ensure good participation Friday.

[09:25] {Threei}  -Vote was 4-1. Ms. Duke the head of the American Bankers Association was the sole dissenter.

[09:25] {Threei}  -As a condition of the sale the Fed requires GM to reduce its stake in GMAC from 49% to 10%. The other majority owner, PE firm Cerberus, will also be required to reduce its stake in GMAC to a range of 15-33% from 51% currently.

[09:27] {Onix} the plot thickens

[09:30] {Threei}  AMZN

[09:31] {Threei}  half lot long closer to 53

[09:31] {Threei}  never mind

[09:31] {Threei}  lol

[09:35] {Threei}  .55 long if holding .40

[09:35] {magoo} watching PLD

[09:36] {magoo} missed it

[09:39] {lisa_jay} GRMN Vad?

[09:40] {Threei}  not sure, too low volume

[09:41] {lisa_jay} Ok, thanks.

[09:42] {Threei} Long Setup:  RIMM  half lot 41 break if stays above 40.80

[09:43] {dino} vol. low on everything

[09:43] {Threei}  only natural for such day

[09:43] {Threei}  PLD

[09:44] {Threei}  either pullback into 13 area for long

[09:44] {Threei}  or .60 break

[09:44] {Threei}  stop under .40

[09:44] {Threei}  break is much riskier

[09:46] {Threei}  half out .75

[09:47] {Threei}  offer 1/4 more .above .90

[09:48] {Threei}  stop trailed to under .50

[09:48] {magoo} took 87

[09:48] {magoo} TY vad

[09:48] {Threei}  welcome

[09:49] {tomg} ty vad

[09:49] {Threei}  :)

[09:50] {dino} cb l hl .74

[09:51] {Threei}  stop to .55

[09:52] {dino} cb stop to .98

[09:54] {Threei}  double top at .90... really needs to break it this time or it's done for the time beeing

[09:54] {dino} out cb +.24

[09:55] {Threei}  out PLD balance

[09:56] {Threei}  stkl

[09:56] {Threei}  never mind, wrong window

[10:01] {Threei}  going over 14, PLD... hard to nail entry though

[10:01] {dino} afam sm l .35, stop .98

[10:02] {dino} thin, gappy

[10:03] {Threei} Long Setup:  PLD  .25 half lot

[10:03] {Threei}  stop under 14

[10:03] {Threei}  PLD goes significantly higher, IMO

[10:04] {Threei}  just too volatile

[10:04] {dino} air pocket afam tighten to .04

[10:06] {Threei}  half out .45 PLD

[10:06] {Threei}  stop to under .20

[10:07] {Threei}  offering balance at .75

[10:07] {magoo} waiting 67

[10:07] {Threei}  not looking

[10:07] {Threei}  just waiting for machine-gun sound of order filled

[10:08] {Threei}  on either side

[10:10] {Threei}  Ok

[10:10] {dino} afam stopped

[10:10] {Threei}  waiting for deeper pullback

[10:10] {Onix} hig?

[10:11] {Threei}  HIG, if market starts moving I'd try .80 break

[10:11] {Threei}  stop under .70 for scalpers

[10:11] {Onix} ty

[10:11] {lisa_jay} amzn

[10:12] {Threei}  HIG looks strong enough to try but it does need market help

[10:12] {Onix} ty

[10:22] {Threei}  whether you partialed or not when it hit 1;1, stop is now under .80

[10:24] {Onix} out .89 ty

[10:25] {Threei}  :)

[10:26] {Onix} RMBS?

[10:27] {Threei}  no read on this one

[10:27] {Onix} ty

[10:27] {magoo} whats your read PLD here vad?

[10:28] {Threei}  14 break with stop under .80

[10:28] {Threei}  half lot

[10:28] {magoo} ty

[10:29] {Threei}  it has look of "surprise is coming"... just low volume day with few players that can cause fizzle-out instead of real run

[10:29] {Threei}  if loses .80 wait for bounce entry near .50

[10:29] {magoo} yeah..but traders were on it wed and they know

[10:32] {Threei}  anyone caught this dip to .53?

[10:32] {magoo} i got 67

[10:33] {Threei}  a bit high...

[10:33] {magoo} yeah

[10:34] {Threei}  try to exit half at least around .80

[10:41] {Onix} fortunately i missed it

[10:43] {lisa_jay} lol

[10:45] {Threei}  it gave a scalp with entry close to .50

[10:45] {Threei}  missed near 13 though

[10:46] {dino} sds sm l .50

[10:48] {Threei}  watching for double bottom off 13

[10:49] {Threei}  nope

[10:51] {Threei}  12.50 next

[10:57] {dino} out sds .44 -.06

[10:57] {magoo} keep reading it vad

[10:57] {magoo} feels like 15 today

[11:02] {tomg} ty amzn, pld Vad, have a good weekend everyone

[11:03] {Threei}  take care tom, have a good one

[11:03] {patience} bye tom

[11:03] {magoo} u too tom:)

[11:03] {dino} cya tom

[11:09] {Threei} Long Setup:  USO  half lot 28 break if stays above 27.90

[11:10] {magoo} scalp or move?

[11:10] {Threei}  no idea, lol

[11:12] {dino} mant spike

[11:13] {Onix} in

[11:14] {lisa_jay} in

[11:17] {magoo} read AMZN here vad?

[11:18] {Threei}  .30 long

[11:18] {Threei}  USO 1:1... half or scalp

[11:18] {Onix} half out .14

[11:19] {Threei}  under .15 AMZN invalidated

[11:19] {Threei}  or stopped

[11:20] {Threei}  nice exit onix, top-ticked it

[11:20] {Onix} ty

[11:21] {Threei}  lisa?

[11:21] {lisa_jay} still in vad

[11:21] {Threei}  not even part?

[11:22] {lisa_jay} nope..missed it :-(

[11:22] {lisa_jay} moved stop to .99 though.

[11:23] {Threei}  yes

[11:23] {Threei}  it spent almost 2 min over 1:1... wake up :)

[11:23] {lisa_jay} trout me...:-)

06[11:24] * dino slaps lisa_jay around a bit with a large trout

[11:24] {Threei}  nope... Christmas spirit... can't

[11:24] {Onix} i was lucky for i put my seel in before the time for .14

[11:24] {Threei}  here it is again

06[11:25] * magoo slaps lisa_jay around a bit with a large exit strategy

[11:25] {lisa_jay} Thanks Vad...got out now.  Got 11c out of the trade.

[11:25] {Threei}  lisa... miss second chance and I wuill forget the Christmas spirit!

[11:25] {Threei}  oh, OK :)

[11:25] {dino} sm s mant .11

[11:26] {Threei}  ok AMZN, it's time

[11:26] {lisa_jay} Missed the nice PLD trades in the morning...took an AMZN trade for .2 and let it ride to breakeven.  I really need to wake up.

[11:26] {Threei}  1:2 USO

[11:27] {gen} bye guys I am done for today :) 

[11:27] {Onix} 1/4 out more o .17 ty

[11:27] {gen} Merry Christmas

[11:27] {dino} later gen

[11:27] {Threei}  take care gen

[11:27] {Onix} see ya gen

[11:28] {dino} gmcr jumpy

[11:28] {Threei}  no worky AMZN

[11:29] {Threei}  USO over 1:3

[11:29] {Threei}  1:4, all out

[11:31] {Onix} wtg

[11:35] {dino} sso l .54

[11:36] {Onix} last 100 out .59, ty Vad

[11:36] {Threei}  beauty

[11:38] {dino} gj

[11:39] {Onix} ty

[11:40] {lisa_jay} nice trade guys.

[11:53] {magoo} AMZN

[11:56] {magoo} PLD gets ready imo

[12:03] {Threei}  feels so... closest support is .15

[12:03] {magoo} in just now .21

[12:03] {Threei}  market is trying to help

[12:03] {magoo} im thinking 14  and then more

[12:04] {magoo} with heavy breathing

[12:04] {lisa_jay} Any trade call on PLD Vad?

[12:04] {Threei}  if .33 offer is taken, should spike to over .40

[12:04] {dino} rimm sm l .65

[12:05] {Threei}  actually offer moved to .29 and got eaten

[12:05] {magoo} yeah..i loked 33 saw nuttin

[12:06] {Threei}  here we go

[12:07] {magoo} id like toi see 60 area

[12:07] {Threei}  over .40

[12:08] {magoo} waiting .61 

[12:08] {Threei}  taking .50 is next hurdle

[12:08] {magoo} can change mind on a dime

[12:12] {magoo} hope it doesnt rinse me first

[12:27] {Threei}  lost drive

[12:27] {Threei}  and will to live

[12:50] {dino} sso stopped -.10

[12:51] {laserdave1} hey everyone

[12:51] {laserdave1} hope you all had a nice Christmas

[12:52] {laserdave1} and Santy was good to you

[12:52] {magoo} same to u dave

[12:53] {dino}  ty dave, back at you

[12:53] {laserdave1} hopefully santa will give us a good year!!

[12:53] {laserdave1} thanks guys

[12:54] {dino} ouch afam

[12:57] {Threei}  hey dave

[12:58] {laserdave1} howdy

[12:59] {Onix} hello dave

[12:59] {laserdave1} hello

[13:01] {Threei}  GM

[13:01] {Threei}  SOURCES FEEL THAT GMAC GETTING CLOSE TO REACHING GOAL OF 75% PARTICIPATION IN $38B DEBT EXCHANGE - CNBC

[13:01] {Threei}  - note: the debt exchanged deadline is today at 5pmET

[13:02] {Threei}  everything is so dead

[13:02] {Threei}  NQ range for the day is 10 points

[13:02] {Threei}  when was last time was this?

[13:02] {Threei}  2006?

[13:02] {Threei}  lol

[13:03] {Threei}  volume is at part with Wed, and Wed was half day

[13:03] {Threei}  at par

[13:03] {Threei}  how about we just end it and have a great weekend?

[13:04] {Threei}  we are up for the day, what's the need to seek adventures

[13:05] {Threei}  anyone has opinion about that? or you all are asleep anyway?

[13:06] {Threei}  I'll take it as an answer

[13:07] {Threei}  thank you all

[13:07] {Threei}  have a great weekend, see you all on Monday

[13:09] {magoo} bye vad

[13:10] {laserdave1} c ya Vadster

[13:10] {Onix} thanks a million Vad, i will also go and enoy the weekend

[13:12] {dawg} bye Vad

[13:12] {lisa_jay} Bye Vad.   Thanks.

[13:12] {_elepet} has everybody left?

[13:14] {magoo} im here

[13:16] {Onix} i am here

[13:20] {_elepet} That's good.  I just wanted to say good bye for awhile.  I'm off to Mexico soon, and if the internet connection there works, I'll be seeing you around the 16th of Jan.  I haven't participated much but have been watching and hopefully learning from all of you and from my mistakes.so thanks.

[13:20] {magoo} good luck too u

[13:25] {dino} .

[13:26] {dino} have fun elepet

[13:30] {Onix} have a good time elepet, bye

[13:30] {dino} afam l sm .90 break

[13:31] {magoo} PLD

[13:44] {_elepet} i haven't left yet. what about PLD?

[13:47] {Onix} looks a little tired to me :)

[13:47] {magoo} watching it

[13:49] {magoo} its risky but i think its not done

[13:51] {Onix} OI  is moving nicely

[14:03] {_elepet} possible entry for PLD?

[14:04] {magoo} needs mkt help

[14:04] {magoo} but if mkt would get going

[14:05] {magoo} close too 13 is good long..78 stop

[14:08] {_elepet} i got in at 13.05. wondering when to get out.

[14:09] {magoo} first exit .40...then .60

[14:09] {_elepet} i have trouble with getting out.

[14:09] {magoo} .77 stop

[14:11] {magoo} partial here

[14:14] {magoo} el??

[14:15] {_elepet} i don't have enough shares to partial. market seems to be heading up so i'm holding.

[14:15] {magoo} ok

[14:15] {magoo} stop would be flat now

[14:31] {magoo} 14 is in the cards imo

[14:31] {_elepet} still in

[14:31] {magoo} yes

[14:31] {magoo} i patialed at .31

[14:34] {_elepet} 14 would be nice. I had figured .45 but past there now

[14:35] {patience} toronto is closed today, Goldcorp is up $1.78 on the US side.   Nice slow trade.

02[14:45] * Disconnected

02[14:45] * Attempting to rejoin channel #discussions

03[14:46] * Rejoined channel #discussions

05[14:46] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[14:46] {Threei}  USO over 1:3

[14:46] {Threei}  1:4, all out

[14:46] {Onix} wtg

[14:46] {dino} sso l .54

[14:46] {Onix} last 100 out .59, ty Vad

[14:46] {Threei}  beauty

[14:46] {dino} gj

[14:46] {Onix} ty

[14:46] {lisa_jay} nice trade guys.

[14:46] {magoo} AMZN

[14:46] {magoo} PLD gets ready imo

[14:46] {Threei}  feels so... closest support is .15

[14:46] {magoo} in just now .21

[14:46] {Threei}  market is trying to help

[14:46] {magoo} im thinking 14  and then more

[14:46] {magoo} with heavy breathing

[14:46] {lisa_jay} Any trade call on PLD Vad?

[14:46] {Threei}  if .33 offer is taken, should spike to over .40

[14:46] {dino} rimm sm l .65

[14:46] {Threei}  actually offer moved to .29 and got eaten

[14:46] {magoo} yeah..i loked 33 saw nuttin

[14:46] {Threei}  here we go

[14:46] {magoo} id like toi see 60 area

[14:46] {Threei}  over .40

[14:46] {magoo} waiting .61 

[14:46] {Threei}  taking .50 is next hurdle

[14:46] {magoo} can change mind on a dime

[14:46] {magoo} hope it doesnt rinse me first

[14:46] {Threei}  lost drive

[14:46] {Threei}  and will to live

[14:46] {dino} sso stopped -.10

[14:46] {laserdave1} hey everyone

[14:46] {laserdave1} hope you all had a nice Christmas

[14:46] {laserdave1} and Santy was good to you

[14:46] {magoo} same to u dave

[14:46] {dino}  ty dave, back at you

[14:46] {laserdave1} hopefully santa will give us a good year!!

[14:46] {laserdave1} thanks guys

[14:46] {dino} ouch afam

[14:46] {Threei}  hey dave

[14:46] {laserdave1} howdy

[14:46] {Onix} hello dave

[14:46] {laserdave1} hello

[14:46] {Threei}  GM

[14:46] {Threei}  SOURCES FEEL THAT GMAC GETTING CLOSE TO REACHING GOAL OF 75% PARTICIPATION IN $38B DEBT EXCHANGE - CNBC

[14:46] {Threei}  - note: the debt exchanged deadline is today at 5pmET

[14:46] {Threei}  everything is so dead

[14:46] {Threei}  NQ range for the day is 10 points

[14:46] {Threei}  when was last time was this?

[14:46] {Threei}  2006?

[14:46] {Threei}  lol

[14:46] {Threei}  volume is at part with Wed, and Wed was half day

[14:46] {Threei}  at par

[14:46] {Threei}  how about we just end it and have a great weekend?

[14:46] {Threei}  we are up for the day, what's the need to seek adventures

[14:46] {Threei}  anyone has opinion about that? or you all are asleep anyway?

[14:46] {Threei}  I'll take it as an answer

[14:46] {Threei}  thank you all

[14:46] {Threei}  have a great weekend, see you all on Monday

[14:46] {magoo} bye vad

[14:46] {laserdave1} c ya Vadster

[14:46] {Onix} thanks a million Vad, i will also go and enoy the weekend

[14:46] {dawg} bye Vad

[14:46] {lisa_jay} Bye Vad.   Thanks.

[14:46] {_elepet} has everybody left?

[14:46] {magoo} im here

[14:46] {Onix} i am here

[14:46] {_elepet} That's good.  I just wanted to say good bye for awhile.  I'm off to Mexico soon, and if the internet connection there works, I'll be seeing you around the 16th of Jan.  I haven't participated much but have been watching and hopefully learning from all of you and from my mistakes.so thanks.

[14:46] {magoo} good luck too u

[14:46] {dino} .

[14:46] {dino} have fun elepet

[14:46] {Onix} have a good time elepet, bye

[14:46] {dino} afam l sm .90 break

[14:46] {magoo} PLD

[14:46] {_elepet} i haven't left yet. what about PLD?

[14:46] {Onix} looks a little tired to me :)

[14:46] {magoo} watching it

[14:46] {magoo} its risky but i think its not done

[14:46] {Onix} OI  is moving nicely

[14:46] {_elepet} possible entry for PLD?

[14:46] {magoo} needs mkt help

[14:46] {magoo} but if mkt would get going

[14:46] {magoo} close too 13 is good long..78 stop

[14:46] {_elepet} i got in at 13.05. wondering when to get out.

[14:46] {magoo} first exit .40...then .60

[14:46] {_elepet} i have trouble with getting out.

[14:46] {magoo} .77 stop

[14:46] {magoo} partial here

[14:46] {magoo} el??

[14:46] {_elepet} i don't have enough shares to partial. market seems to be heading up so i'm holding.

[14:46] {magoo} ok

[14:46] {magoo} stop would be flat now

[14:46] {magoo} 14 is in the cards imo

[14:46] {_elepet} still in

[14:46] {magoo} yes

[14:46] {magoo} i patialed at .31

[14:46] {_elepet} 14 would be nice. I had figured .45 but past there now

[14:46] {patience} toronto is closed today, Goldcorp is up $1.78 on the US side.   Nice slow trade.

[14:46] {magoo} was bumped out

[14:46] {magoo} thats .65 cents on my PLD call

[14:46] {magoo} lets see if vad reads thru this scroll.....SLACKER VAD HE HE

[14:51] {magoo} watching AMZN here

[14:52] {_elepet} i'm still in. but getting antsy. up about .50

[14:53] {magoo} u should be offering out

[14:53] {magoo} iots a hard breather

[14:54] {magoo} take .70 and reload

[15:41] {dino} hum-dee-dum

[15:41] {Onix} .

[15:59] {dino}  out rimm .80, +.15

[15:59] {dino} out afam .95, +.05

[16:02] {_elepet} out pld +.50

[16:03] {_elepet} Thanks and so long for now.

[16:03] {magoo} good nite

[16:03] {dawg} thanks all

[16:04] {dino} thx all, take care

[16:04] {dino} taking this week off next year, volume not worth it

[16:05] {magoo} agrree

Dec 24 2008

Brief session but a few trades worked nicely. Profitable day (or half day). Merry Christmas and Happy Holidays everyone!

 

Session Time: Wed Dec 24 00:00:00 2008

[08:30] {ese} morning.....anybody hangin

[08:31] {Threei}  Good morning

[08:32] {Threei}  you see another snowfall warning ese?

[08:32] {ese} hey vad...yes i did but it's raining here

[08:32] {Threei}  yes, here too... warning is for today and overnight, possible 10-20 cm

[08:33] {Threei}  and if Vancouver's airport gets buried again, I may be in for major disappointment on Christmas

[08:33] {ese} my environment canada site siad that that was suppose to be for last night

[08:33] {Threei}  daughter should fly in from Montreal

[08:33] {Threei}  no, they renewed it

[08:33] {ese} you may have trouble getting to orlando

[08:34] {ese} sorry bahamas

[08:35] {Threei}  SNOWFALL WARNING: Greater VictoriaIssued at 4:09 AM PST WEDNESDAY 24 DECEMBER 2008

[08:35] {Threei}  15 TO 25 CM OF SNOW EXPECTED TODAY AND TONIGHT.

[08:35] {ese} sorry .....where is that tradin expo...bahamas?

[08:35] {Threei}  yes, but that's April

[08:36] {ese} will be a white winnipeg russian and Ukrainian Christmas

[08:36] {ese} all wrapped up in one

[08:36] {Threei}  INITIAL JOBLESS CLAIMS: 586K V 558KE; CONTINUING CLAIMS: 4.37M V 4.410ME

[08:36] {Threei}  - prior jobless claims revised from 554K to 556K

[08:36] {Threei}  - prior continuing claims revised from 4.384M to 4.387M

[08:36] {Threei}  ***Highest Initial Claims since 1982 recession

[08:37] {ese} would be more if i had my way.....let GM/ Ford colapse....have a european or japanese firm fill void

[08:38] {ese} should be survivial of the fittest not the stupidest

[08:38] {Threei}  I dunno... feels to me, it's not so much about their errors as it is about general situation

[08:39] {Threei}  all automakers experience comparable drop in sales

[08:39] {Threei}  it's not american automakers specific

[08:40] {ese} true

[08:40] {Threei}  looking a few years ahead... do we run into the risk of losing whole industry due to today's principled stance,

[08:40] {Threei}  while whole world bails out their carmakers

[08:41] {ese} but they've had the means to make alternative vehicles for the last 10 years and have resisted

[08:41] {Threei}  then when finally financial crisis blows over

[08:41] {Threei}  we see whole world making cars but not us

[08:41] {Threei}  this is the point, you see

[08:41] {Threei}  I don't believe anymore it's refusal to make green cars that is the reason for their situation

[08:41] {ese} hmmmmmmm.......food for thought

[08:42] {Threei}  first, if it were so, Toyota wouldn't be in the same kind of problems today

[08:42] {ese} true

[08:42] {Threei}  and second...

[08:42] {ese} can't disagree with that

[08:42] {Threei}  I looked up stats

[08:43] {Threei}  they did make a lot of green cars,

[08:43] {ese} and?

[08:43] {Threei}  not much less than that same Toyota

[08:43] {Threei}  but guess what

[08:43] {Threei}  we, consumers, those same that now throw stones at them

[08:43] {ese} and?

[08:43] {Threei}  did not want anything but trucks and SUVs

[08:44] {ese} agreed....

[08:44] {Threei}  is it really accidental that smart car was never sold in US?

[08:44] {Threei}  it's not like they didn't try

[08:44] {Threei}  buyers were not in the least enthusiastic about it

[08:44] {Threei}  now, imagine this:

[08:44] {Threei}  public pressure makes them switch to smaller cars now

[08:45] {Threei}  greener ones too

[08:45] {Threei}  which do sell at solid premium

[08:45] {ese} hmmmmmmmm

[08:45] {Threei}  and we the customers find ourselves in interesting dilemma:

[08:45] {Threei}  buy SUV, big, nice, safe, comfortable

[08:46] {Threei}  or pay the same price for the small car

[08:46] {Threei}  with gasoline at current prices or lower

[08:46] {Threei}  or

[08:46] {ese} with problems to be worked out

[08:46] {Threei}  byuy the same car

[08:46] {Threei}  one is pure gasoline

[08:46] {Threei}  another is alt fuel

[08:46] {Threei}  at 3-5-10K premium

[08:47] {Threei}  divide the premium by your fuel savings

[08:47] {Threei}  and you are looking at ridiculous anumber of years for that premium to pay for itself

[08:47] {Threei}  you shrug and say keep that green car

[08:47] {ese} thas a good point for sure.....we will have to bite the bullet eventually though

[08:48] {Threei}  how?

[08:48] {Threei}  consumer is not exactly bursting with money

[08:48] {ese} oil is simply going to run out.......

[08:48] {Threei}  if you have nothing but green and expensive cars, it's just another factor limiting sales

[08:48] {ese} not in our lifetime  i don't think

[08:49] {Threei}  and if current situation and their management errors and labor/union troubles don't do them in

[08:49] {Threei}  then this push into making green cars will

[08:49] {Threei}  I just don't believe in mantra "they made cars we didn't want".

[08:49] {Threei}  They made exactly what we wanted

[08:50] {cosmo} thinking is the best way to travel ... i think

[08:50] {Threei}  btw, see couple days opld news about Toyota freezing new plant making Prius

[08:50] {Raven}  Good morning ... and you are exactly right 3i :)

[08:50] {Threei}  cos, Raven :)

[08:50] {Threei}  if we wanted green cars, why would Toyota do that?

[08:50] {Raven}  you're right too cosmo ... especially in ther last few days :)

[08:51] {Threei}  I know my line of thoughts goes against popular beliefs

[08:51] {ese} you have an engineering background vad......you would be able to see the feasibility of all this better than I....are you thinking this is just not going to happen for along time?

[08:51] {Raven}  Americans want BIG GAS GUZZLING TRUCKS AND SUV'S

[08:51] {ese} morning cos raven

[08:51] {Raven}  ese:)

[08:52] {Threei}  unless there is a huge breakthrough in technology allowing to make green cars cheap, I just can't see it as feasible

[08:52] {ese} indeed.......

[08:53] {Raven}  you won't see that 3i, until gasoline goes to $4 and stays there

[08:53] {Threei}  well, here is the thing

[08:53] {Raven}  and then it'll take 5 years

[08:53] {Threei}  everyone says, oil won't stay cheap for long

[08:53] {Threei}  again, I wonder how true that is

[08:53] {Threei}  two things about that:

[08:54] {Threei}  1. cost of oil extraction in the Arab gulf is around $1-3

[08:54] {ese} a barrel?

[08:54] {Threei}  yes

[08:54] {Threei}  who is to say $10/b is not the right price?

[08:54] {Threei}  or 40

[08:54] {ese} holly crap

[08:54] {Onix} Good morning everybody

[08:54] {Threei}  qwhy is it 150? or 200?

[08:54] {ese} onix

[08:54] {Threei}  onix :)

[08:55] {Threei}  and 2

[08:55] {cosmo} photosynthesis is free and plants are smarter for knowing that...

[08:55] {Threei}  world simply can not function with oil at 150 or 200,

[08:55] {ese} 1 to 3 bucks a barrel.....we are now talking highway robbery

[08:55] {cosmo} and doing something about it

[08:55] {Threei}  oil goes back up there, we simply run in another recession and demand destruction

[08:55] {Threei}  and it drops just as it did this time

[08:56] {Threei}  the sheer scal and the speed with wich it fell from 147,

[08:56] {Threei}  doesn't it tell you it had no business to be that high in a first place?

[08:56] {lisa_jay} Good morning.

[08:56] {Threei}  lisa :)

[08:56] {ese} lisa

[08:56] {Threei}  call my thinking not progressive... I don't feel bad about it, :)

[08:57] {Threei}  I mean...

[08:57] {Threei}  can you really expect someone who makes a living by going against the crowd's opinion to accept the view simply because it's a view of majority?

[08:58] {dino} gm all

[08:58] {Threei}  dino :)

[08:58] {ese} nope.....

[08:58] {ese} dino

[08:58] {Threei}  to sum it up in a very condensed form... my view is

[08:58] {Onix} hi dino

[08:59] {Onix} hi lisa

[08:59] {Threei}  conversion to green cars and alt energy is not a matter of our conscience,

[08:59] {Threei}  burning desire to hug every tree on the planet etc,

[09:00] {Threei}  it's a matter of technology and solution of cost side of the problem

[09:00] {Threei}  when techno,logy is there it will happen

[09:00] {Threei}  blaming ourselves into greening won't work

[09:00] {cosmo} people just have to feel good about using it

[09:00] {Raven}  technology speeds up with a crisis

[09:00] {Threei}  I amnot going to feel good about overpaying 10K for a car

[09:00] {ese} blaming ourselves into green.........now thats an interesing way to put it

[09:01] {cosmo} and resolution of crisis

[09:01] {Threei}  nor, I suspect, will majority of prospective buyrs

[09:01] {Threei}  now... I have a question

[09:01] {dino} gm all

[09:02] {Raven}  hiya dino:)

[09:02] {ese} morning again dino

[09:02] {Threei}  do we ever see new lows in an uptrend?

[09:02] {cosmo} i can find them...

[09:02] {ese} ahhhhhhhh....got me there boss

[09:02] {Threei}  or to put it differently,

[09:02] {Threei}  doesn't making new lows defies the uptrend as such?

[09:02] {ese} yes

[09:03] {Threei}  (only with better grammar)

[09:03] {Threei}  so, how come we see record temperature lows in warming up climate?

[09:03] {cosmo} its a lie?

[09:03] {Threei}  explanation we hear these days is:

[09:03] {ese} ahhhhhhhh....

[09:03] {Threei}  low solar activity this year

[09:04] {Threei}  fine, but then I have next nugging question

[09:04] {ese} ?

[09:04] {Threei}  doesn't it mean that solar activity is major factor in warming or cooling matter, and not human activity?

[09:05] {Threei}  we pumped all that CO2 in atmosphere, it's right there, didn't disappear,

[09:05] {ese} i defer to your engineering degree to answer that one

[09:05] {Threei}  yet lower solat activity of ONE frkin year sent us to new lows

[09:05] {Threei}  and if it's so,

[09:06] {Threei}  then how about widely acknowledged scientific view that we are at the top of solar activity cycle

[09:06] {Threei}  and it goes down from here?

[09:06] {cosmo} CO2 is inocent; that i know

[09:06] {dino} all cycles imo

[09:06] {dino} in the 70's they were worried about an ice age in 20 years

[09:06] {Threei}  maybe we better pump up more of CO2 into atmosphere to protect ourselves from golbal cooing?

[09:06] {ese} remind me someone to never try to out think Vad.........

[09:06] {Threei}  eqzaktly dino,

[09:07] {Threei}  and the worst thing is

[09:07] {dino} and 3i, i am glad to see you agree w/my past posts on the green vs regular cars

[09:07] {Threei}  they did it with the same set of data they use today to prove globval warming

[09:07] {dino} if i can save 5k in cost, i can run that at 4 oil for years

[09:07] {Threei}  I totally am dino

[09:07] {Threei}  or I do?

[09:07] {Threei}  poor raven

[09:08] {Raven}  ?

[09:08] {Threei}  I am agree vs I do agree? :)

[09:08] {dino} indeed, poor raven

[09:08] {Raven}  oh ... I got used to the crummy grammar

[09:08] {Threei}  ok... peter is the last one we need to defeat then

[09:09] {Raven}  lol ... I nbeed tea

[09:09] {Raven}  need ... sheesh

[09:09] {Threei}  haha

[09:09] {Threei}  do we rub off or what

[09:09] {ese} I going invest in gas powered drumsticks to help me play better

[09:10] {dino} now at  8k miles/year / 15 mpg = 533 gal/year x $2/gal = 1,066/year gas cost,. so 5 years 

[09:10] {Larisa1} if you look at China from the satellite you will not see half of China because of smog, Same goes for parts of US and Russia. Pnly for that i am for greener techs. Money is not everything. Your kids health is.

[09:10] {Threei}  never mind my ramblings though... I am irritated by the perspective of losing dayughters visit, just after our friends visit already got canceled due to flights delayed last week

[09:10] {Threei}  smog is the problem laarisa, no arguing

[09:10] {Threei}  but cleaning air and srtopping CO2 are tweo different things

[09:11] {dino} ahh larisa, but i am not going to solve the problem alone

[09:11] {cosmo} CO2 is a nutrient

[09:11] {Larisa1} it is new mentality and goes hand  by hand

[09:11] {Threei}  focussing on CO2 we merely take attention and funds away from real problem

[09:11] {Threei}  and are solving non-existing problem

[09:13] {cosmo} maybe we need to build underground cities...

[09:14] {cosmo} again

[09:14] {dino} lol

[09:14] {Larisa1} I do not want underground, I like sun and wind and rain ( clean rain ) :)

[09:14] {Threei}  yeah... but please, keep the snow

[09:15] {Larisa1} Snow is fine.. It is winter!! ( optimistic aproach) :)

[09:15] {dino} inch of ice here this morning

[09:16] {Threei}  NOV DURABLE GOODS ORDERS: -1.0% V -3.0%E; DURABLES EX-TRANSPORTATION: 1.2% V -3.0%E

[09:16] {Threei}  - Prior Durables revised from prior revision of -6.9% to -8.4%

[09:16] {Threei}  - Prior Durables Ex Transportation revised from prior revision of -5.4% to -6.8%

[09:16] {Threei}  *NOV PERSONAL INCOME: -0.2% V 0.0%E; PERSONAL SPENDING: -0.6% V -0.7%E

[09:16] {Threei}  - Prior Personal Income revised from 0.3% to 0.1%

[09:17] {cosmo} drys

[09:17] {ese} dino are you an Eagles fan?

[09:17] {ese} they can play in the ice no problem

[09:18] {cosmo} like ducks?

[09:18] {ese} yup

[09:18] {cosmo} hmm

[09:18] {magoo} morn

[09:18] {ese} mags

[09:19] {Threei}  mags :)

[09:20] {dino} no es, jets

[09:21] {ese} you live closer to Philldelphia though right?

[09:21] {Onix} Just to make sure, is Dec 26 a normal trading day?

[09:21] {cosmo} for gifts...yes

[09:22] {ese} yup for trading presents

[09:22] {dino} actually closer to ny

[09:22] {ese} ahhhhh

[09:22] {ese} appologies for wrong assumption

[09:24] {dino} :)

[09:24] {dino} baltic index -2% again

[09:25] {Threei}  4th straight drop

[09:26] {cosmo} DRYS pre mkt high = 10.05   fwiw

[09:28] {lisa_jay} .

[09:30] {Threei}  bad job numbers... market is green

[09:30] {Threei}  maybe Santa sobered up for today?

[09:32] {Onix} lol

[09:35] {Threei}  AVII

[09:35] {Threei}  12/23/08 04:23pm

[09:35] {Threei}  [AVII] AVI BioPharma Inc Announces FDA Clearance of IND Applications for Clinical Trials of RNA Therapeutic Agents for Treatment of Ebola and Marburg Viruses

[09:35] {Threei}  - AVI BioPharma expects to receive written confirmation of the IND clearances from the FDA in early 2009.

[09:37] {lisa_jay} market close at 12 or 1 today...thanks

[09:38] {Threei}  1

[09:38] {Larisa1} 1 EST

[09:38] {dino} aapl

[09:38] {lisa_jay} thanks Vad and Larisa.

[09:40] {Threei}  what's with RMBS

[09:41] {Onix} not bad, i got 18c in rmbs

[09:41] {lisa_jay} nice Onix.

[09:42] {Threei}  adjust to half lot, watch if we get pullback into .20- .30 area

[09:42] {Onix} ty

[09:42] {Threei}  got it from scanner onix?

[09:43] {Onix} had it on my watchlist

[09:43] {Threei}  and didn't share

[09:43] {Threei}  tsk tsk tsk

[09:43] {Onix} sorry, not enough confidence for that yet

[09:45] {Threei}  many techs are strong

[09:45] {Threei}  BRCM

[09:46] {Onix} what is happening with DELL?

[09:46] {Threei}  nothing really

[09:46] {Threei}  -3 cents? :)

[09:47] {Threei}  RMBS no pullback

[09:47] {lisa_jay} FLIR?

[09:48] {Threei}  half lot long RMBS .80

[09:49] {Threei}  look to scalp over .90

[09:50] {Threei}  here it is

[09:50] {Threei}  out .95

[09:51] {lisa_jay} out .93  Thanks Vad.

[09:51] {Threei}  mix actually

[09:51] {Threei}  .93, .94 and .95

[09:51] {Threei}  welcome lisa

[09:51] {Threei} Long Setup:  BRCM  .76-.77 if stays above .70

[09:52] {Onix} ty Vad, i got another 19c in RMBS

[09:52] {Threei}  :)

[09:54] {dino} sm l rimm .50, stop lod

[09:56] {Threei}  BRCM 1:1

[09:56] {Threei}  moves against the market, so I'll try to partial

[09:56] {Threei}  scxalpers feel free to grab your profit

[09:57] {magoo} out here RMBS 01

[09:57] {magoo} TY boss

[09:58] {Threei}  welcome

[10:03] {lisa_jay} PLD

[10:06] {lisa_jay} Took 20c in PLD..thanks indirectly to Vad.

[10:07] {Threei}  ummm

[10:07] {Threei}  indirect welcome

[10:07] {lisa_jay} thanks.

[10:07] {Onix} gj

[10:08] {Onix} uaua?

[10:09] {lisa_jay} Its like a drunk Yo-Yo.

[10:09] {Onix} lol

[10:09] {lisa_jay} R we getting oil no's today Vad?

[10:11] {Threei}  yes, 10:35

[10:11] {lisa_jay} Ok, thanks.

[10:11] {cosmo} AMSF

[10:12] {lisa_jay} flir

[10:12] {lisa_jay} sorry

[10:15] {Threei}  offering BRCM balance at .92

[10:29] {lisa_jay} Vad, any read on FLIR?  Thanks.  (Break of 28?)

[10:34] {magoo} l aapl 85

[10:35] {Threei}  I'd prefer to see how market reacts on oil first lisa

[10:35] {lisa_jay} Ok, thanks Vad.

[10:36] {Threei}  DOE CRUDE: -3.1M V +1ME; GASOLINE: +3.34M V +750KE; DISTILLATES: +1.8M V +1ME;

[10:36] {Threei}  FLIR is too slow

[10:36] {Threei}  maybe on pullback

[10:37] {Threei}  for a little scalp

[10:39] {magoo} no work aapl

[10:39] {lisa_jay} Thanks for warning Vad.

[10:46] {Threei}  WSJ: CHRYSLER LOOKING TO 'MASSIVELY CUT' FIXED COSTS FURTHER, WILL SUBMIT PLAN ON HOW IT INTENDS TO SHRINK OPERATIONS

[10:46] {lisa_jay} Vad, quick DCC please.

[10:46] {Threei}  shrink operation as in stop making cars?

[10:47] {cosmo} hey ... we need rail cars

[10:47] {cosmo} and rails

[10:47] {cosmo} but not tanks ...this time

[10:48] {Threei}  lisa?

[10:49] {lisa_jay} sorry disconnected.

[10:49] {lisa_jay} back now.

[10:50] {Threei}  Qs C&H

[10:51] {Threei}  .21 break if stays above .15

[10:59] {lisa_jay} Grmn suddenly got happy

[10:59] {Threei}  no fresh news that I see

[11:04] {cosmo} santa coming to town

[11:04] {cosmo} maybe

[11:05] {Threei}  and bought Garmin's GPS to find the way?

[11:05] {lisa_jay} lol

[11:05] {cosmo} hmm...makes a good add

[11:06] {cosmo} ad

[11:11] {dino} hmm, reminds me of arthur movie; "but she does make a good chicken"

[11:12] {dino} sm l rate .00, stop .68

[11:13] {Threei}  PLD getting frisky again

[11:13] {lisa_jay} Please don't make me look Vad.

[11:13] {Threei}  (RU) PRESIDENT MEDVEDEV: RUSSIA IS CAPABLE OF PAYING OFF DEBT, WILL NOT DEFAULT - TV

[11:13] {Threei}  uh oh

[11:14] {dino} wow does that sound familiar

[11:16] {lisa_jay} KLAC

[11:16] {lisa_jay} SNDK

[11:23] {magoo} vad PLD dam

[11:23] {magoo} wheres it going?

[11:23] {Threei}  no idea

[11:24] {Threei}  felt right around 12 but was so jumpy

[11:47] {Threei}  I give up.... PLD will never stop

[11:47] {Threei}  it will go up and up and up

[11:47] {Threei}  forever

[11:47] {magoo} only game in town

[11:48] {magoo} traders on it

[11:48] {magoo} prob 13 today

[11:52] {lisa_jay} Vad, if RSI is very high lilke above 80 - 85, do you still take a long trade?

[11:52] {Threei}  I don't watch it

[11:53] {magoo} out 93 lol

[11:53] {Threei}  in a strong momo, nothing matters

[11:53] {lisa_jay} Oh, ok.

[11:53] {lisa_jay} Thanks.

[11:55] {lisa_jay} I have to slack off and leave early.  Food shopping for family visit.

[11:55] {magoo} have nice holiday

[11:55] {Threei}  if willing to sacrifice 10-15 cents... .80 break here if stays above .70

[11:55] {lisa_jay} Thanks everyone.  Have a Happy Christmas.

[11:56] {Threei}  take care lisa, havce a great Christmas

[11:58] {Chaeron} Ok, Lisa's gone... it's safe for me to come in... Hohoho everybody...

06[11:58] * Chaeron slaps magoo around a bit with a large trout

[11:58] {Threei}  lol

[11:58] {Threei}  hi chaeron

[11:58] {Chaeron} Mery Christmas

[11:58] {Chaeron} Hi Threei, Happy Hanaukah too

[11:59] {Larisa1} hi Chaeron, Merry Christmas :)

[11:59] {magoo} cbaby:)

[11:59] {Chaeron} Larisa.... :)) man, can you light up a room

[11:59] {Larisa1} why magoo calls you baby ? :)

[11:59] {Chaeron} cause he thinks I'm cute

[12:00] {Larisa1} oh

[12:00] {Chaeron} yeah... well.............

[12:01] {Threei}  it's ese's fault

[12:02] {Chaeron} true

[12:02] {Threei}  he brought us "baby" and "indeed", but molst of all, he convinced everyone that Chaeron is cute

[12:02] {Larisa1} He is cute, magoo is cute and vad is cute also.. it is merry Christmas. Everybody can be cute. 

[12:02] {Threei}  eeck

[12:02] {Larisa1} just for today and tomorrow

[12:03] {dino} lol

[12:03] {Threei}  that goes beyond any Christmas spirit I've ever seen

[12:03] {Chaeron} yeah, but I'm the cutest... so cute I'm adorable... so adorable, I'm irresistible

[12:03] {Chaeron} *gag*

[12:03] {Threei}  my retina

[12:03] {Chaeron} lol

[12:03] {magoo} i see larisa into the eggnog already lol

[12:04] {Threei}  will take me months of therapy to get rid of image of adorable chaeron

[12:04] {dino} maybe so chaer, but remember this, chicks, they dig me

[12:04] {Chaeron} heheheh

[12:04] {Larisa1} careful magoo or i exclude you from cute team

[12:04] {Chaeron} dino... you da man

[12:05] {dino} indeed my friend, indeed

[12:05] {Threei}  although come to think of it... image of cure magoo is not far from that therapy-inducing imagery

[12:05] {Threei}  cure = cute

[12:05] {dino} out rate .68, +.68

[12:05] {Chaeron} well, I am taking today off... just came in to say a Merry Christmas and Happy Hanauka and see you friday...

[12:06] {Threei}  take care chaeron, merry Christmas

[12:06] {Larisa1} :)

[12:06] {Threei}  you cute baby you

[12:06] {magoo} u too bud

[12:06] {Threei}  "gag"

[12:06] {dino} happy holidays chaer

[12:06] {patience} you too Chaeron

[12:07] {Chaeron} Thanks guys... Best to all and your families. Love and peace to all :)

[12:08] {Threei}  adorbale... simply adorable

06[12:08] * Chaeron slaps Threei around a bit with a large trout

[12:08] {Chaeron} Ho ho ho!

[12:09] {dino} hey, why do the female riendeer like xmas shopping so much?

[12:09] {dino} they get to finally blow their bucks

[12:09] {Larisa1} sigh

[12:12] {Threei}  dp, you here by any chance?

[12:14] {magoo} 13 prints

[12:15] {dino} darn, rate still going

[12:19] {gen} RMBS good

[12:20] {Threei}  strangely, moves with not much help from market

[12:21] {ese} MERRY CHRISTMAS everyone ...things to do, people to see, places to go.....see you all on monday...

[12:21] {Threei}  Merry Christmas ese

[12:21] {patience} enjoy ese, merry christmas   :)

[12:21] {ese} take care

[12:21] {Threei}  things to do - clean snow

[12:22] {dino} merry christmas es

[12:22] {Threei}  people to see - neighbors cleaning theirs

[12:22] {Threei}  places to go - end of driveway when the snow is cleared

[12:22] {Threei}  ain't my jaundicity grand today

[12:24] {dino} sounds familiar

[12:25] {gen} MERRY CHRISTMAS everybody :)

[12:26] {Threei}  ty gen, same to you

[12:26] {Threei}  PLD is breaking or what

[12:27] {dino} happy holidays gen

[12:27] {magoo} every pullbk has been a good buy so far

[12:27] {magoo} frenzy

[12:27] {dino} rimm l .00

[12:27] {magoo} now

[12:27] {magoo} vad

[12:28] {Threei}  don't make me call it

[12:28] {magoo} better than a DRYS call lol

[12:29] {magoo} im thinking 13.90

[12:30] {magoo} [11:47] {magoo} only game in town

06[12:30] * Threei slaps magoo around a bit with a large track record showing enormous proifits on DRYS calls

[12:30] {magoo} [11:48] {magoo} traders on it

[12:30] {magoo} [11:48] {magoo} prob 13 today

[12:33] {magoo} wheres the trade PDL

[12:34] {Threei}  goes to 13.80

[12:35] {Larisa1} raining like crazy here. Snow is dissapearing. If not global warming, what is it :)

[12:35] {Threei}  uhhu

[12:35] {Threei}  it's exactly that

[12:36] {Larisa1} Merry Christmas Al Gore :)

[12:38] {cosmo} global warming is nobody's fault

[12:38] {cosmo} it happens...

[12:39] {Larisa1} Merry Christmas cosmo, do you have christmas tree ? or it is a palm tree ? :)

[12:40] {cosmo} Ash ... i think

[12:40] {Larisa1} lol

[12:41] {cosmo} canary island pines too

[12:41] {cosmo} 3

[12:42] {cosmo} lights could be good there ....maybe if they were solar powered

[12:42] {cosmo} someday

[12:43] {Larisa1} canary island pines - cute name

[12:44] {cosmo} hmm...google it

[12:44] {Larisa1} I did :)  was thinking it is  3 inches pine :) not so :) 

[12:45] {cosmo} three 100 foot pines

[12:46] {magoo} PDL vad..is it done??

[12:46] {cosmo} the big birds like them

[12:46] {Threei}  I've no idea mags

[12:46] {Threei}  momo plays rarely fit in tech read

[12:47] {magoo} no feel?

[12:48] {Threei}  not really

[12:48] {dino} done for today imo

[12:48] {Threei}  12 minutes left

[12:48] {dino} pld

[12:54] {Threei}  ok guys, thank you all,

[12:54] {Threei}  Merry Christmas

[12:54] {Threei}  have a great time

[12:54] {Threei}  have a good turkey

[12:55] {Threei}  see you on Friday?

[12:55] {Threei}  or let's have day off?

[12:55] {Threei}  (hopefully asks he)

[12:55] {dino} merry christmas vad, have fun, relax

[12:55] {Larisa1} merry Christmas all

[12:55] {patience} merry christmas guys

[12:56] {dino} best wishes to all

[12:56] {Onix} thank you Vad and a Mery Xmas to all, see yous on Friday

[12:57] {_elepet} Thank you all and Merry Christmas and Hanakkuh

[12:57] {dawg} happy holiday all

[13:00] {dino} out rimm flat.

[13:00] {dino} happy holidays to all.

Dec 23 2008

Not much interesting. Scalping day, not very active at that. Slightly positive but nothing to yell on the intersections about.

Session Time: Tue Dec 23 00:00:00 2008

[07:50] {magoo} morning

[08:03] {Threei}  Good morning

[08:04] {magoo} vad:)

[08:05] {Threei}  snow cleaning again? or what made you wake up so early? :)

[08:06] {magoo} my strong work ethic he he

[08:06] {Threei}  hiccup

[08:07] {magoo} vad, any news AAPL...RIMM...BIDU..GOOG?

[08:09] {Threei}  nah

[08:10] {magoo} check a couple more ok?  POT, FSLR, GS

[08:10] {Threei}  BALTIC DRY BULK INDEX FALLS 2.1% (FOURTH CONSECUTIVE DROP)

[08:11] {Threei}  [GS] The Goldman Sachs Group Inc JP Morgan analysts amends FY09 EPS target of $6.25 v $7.00 prior view

[08:11] {Threei}  - Analyst amends Morgan Stanley's FY09 EPS view to $2.35 v $2.15 prior

[08:15] {magoo} WOW AMAG

[08:19] {Threei}  12/22/08 08:01pm

[08:19] {Threei}  [AMAG] AMAG Pharmaceuticals Receives Complete Response Letter from the FDA for Ferumoxytol

[08:19] {Threei}  - The FDA indicated in its letter that the following additional information is required prior to granting approval of ferumoxytol: Data to clarify a specific chemistry, manufacturing and controls question; resolution of the deficiencies observed during the pre-approval inspection of the Companys manufacturing facility; and finalization of labeling discussions with the FDA.

[08:24] {Larisa1} gm threei, magoo :)

[08:24] {Threei}  Larisa :)

[08:25] {magoo} larisa:)

[08:25] {Threei}  sheesh EPIX

[08:26] {magoo} u in it?

[08:27] {Threei}  I wish

[08:27] {Threei}  scalped at the end of the day

[08:27] {Threei}  thought of taking it overnight, then decided against

[08:30] {Threei}  *Q3 FINAL GDP ANNUALIZED: -0.5% V -0.5%E

[08:30] {Threei}  PERSONAL CONSUMPTION: -3.8% V -3.7%E

[08:30] {Threei}  Q3 FINAL GDP PRICE INDEX: 3.9% V 4.2%E; CORE PCE Q/Q: 2.4% V 2.6%E

[08:40] {lisa_jay} Good morning.

[08:40] {Threei}  lisa :)

[08:41] {lisa_jay} Thanks for the e-mail yesterday Vad.

[08:42] {Threei}  welcome

[08:45] {Larisa1} hi lisa :)

[08:47] {lisa_jay} Hi Larisa.

[08:48] {dino} gm all

[08:49] {Larisa1} dino :)

[08:50] {dino} :)

[08:51] {dino} schw blood

[08:52] {Threei}  dino :)

[08:52] {dino} 3i :)

[08:55] {Raven}  Morning :)

[08:55] {Threei}  raven :)

[08:56] {Raven}  T:)

[08:59] {wishbone} gm all

[08:59] {Threei}  wish :)

[09:00] {Onix} Good morning everybody

[09:00] {Threei}  onix :)

[09:04] {KSystems} Good morning :)

[09:04] {Threei}  ks :)

[09:05] {Onix} hi ks

[09:07] {Geo} good morning

[09:07] {Threei}  geo :)

[09:10] {dawg} gm all

[09:10] {Threei}  dawg :)

[09:10] {Onix} hi dawg

[09:12] {dawg} Hello Onix

[09:12] {dino} overnight, out aapl .62, +1.02

[09:13] {patience} beautiful dino, good morning RT

[09:13] {Threei}  patience :)

[09:13] {dino} lucky, could've just as easily fallen, but ty

[09:15] {Onix} hi patience

[09:16] {_elepet} good morning all

[09:16] {lisa_jay} DRYS down 6% premarket.

[09:16] {Onix} hi elepet

[09:18] {ese} morning

[09:18] {Threei}  elepet, ese :)

[09:21] {Threei}  EPIX will likely provide scalping opportunities but it's a pure momo thing

[09:21] {Threei}  not much technical to it

[09:21] {patience} momo is me

[09:23] {Threei}  DRYS is mostly baltic index driven

[09:23] {Threei}  and it's down third time i a row, after 8 days of increases

[09:26] {Onix} hi ese

[09:27] {dptl} good morning all

[09:27] {Onix} hi dp

[09:27] {Threei}  dp :)

[09:28] {dino} baltic index, bloomberg.com/apps/quote&ticker=BDIY:IND

[09:30] {ese} hey onix

[09:30] {ese} dp

[09:30] {dptl} :)

[09:30] {ese} was up making coffee to inject intervenously

[09:33] {dino} nice

[09:33] {ese} bstop EPIX .55

[09:35] {Threei}  RIMM, watch for long half lot around .60

[09:35] {Threei}  desirably with sharp NQ spike

[09:37] {dino} wfsl

[09:37] {lisa_jay} r u in rimm vad?

[09:38] {Threei}  .67

[09:38] {lisa_jay} nice

[09:38] {magoo} .71

[09:38] {Threei}  out

[09:38] {tomg} thanks vad

[09:38] {Threei}  welcome guys

[09:38] {Threei}  need another pullback

[09:41] {magoo} im waiting 42.34

[09:41] {magoo} may not get it

[09:42] {Threei}  holding well

[09:42] {Threei}  little market help should do it

[09:43] {Threei}  42 break is important

[09:43] {Threei}  there you go

[09:44] {Threei}  EPIX... ergh

[09:45] {lisa_jay} is rimm buy here vad?

[09:45] {ese} EPIX  I missed it 

[09:45] {Threei}  NTMD

[09:45] {Threei}  12/23/08 02:30am

[09:45] {Threei}  [GSK] Glaxosmithkline PLC Enters Alliance with Archemix to Develop Aptamers to Treat Inflammatory Diseases

[09:45] {Threei}  - Archemix announced a worldwide alliance to discover, develop and commercialise aptamer therapeutics to treat inflammatory diseases, such as rheumatoid arthritis and inflammatory bowel disease.

[09:45] {Threei}  - Under the terms of the agreement, Archemix will receive $27.5M in upfront payments from GSK, including a $6.5M equity investment by GSK in the company. Archemix could also be eligible to receive up to $200M in development, regulatory and sales milestone payments for each of the seven aptamer therapeutics which may be discovered and developed as part of the alliance. Archemix would also receive tiered royalties up to lower double digits on worldwide sales of products that may result from the alliance.

[09:46] {dino} sm l fxi .18

[09:46] {Threei}  feels so lisa

[09:46] {lisa_jay} missed anyways, 

[09:46] {magoo} out RIMM herer TY vad

[09:46] {magoo} .24

[09:47] {lisa_jay} nice

[09:47] {Threei}  gj mags

[09:52] {magoo} i wish SANTA would sober up and appear TODAY

[09:53] {patience} he did, my goldcorp is up $1.22 today...just waiting for a bit more

[09:55] {Threei}  DEC FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 60.1 V 58.8E

[09:58] {dino} lol

[09:59] {Threei}  FMCN

[09:59] {Threei}  9 break long, very risky

[09:59] {lisa_jay} stop vad?

[10:00] {Threei}  undr .90, .85

[10:00] {dino} sso hl l .92

[10:00] {Threei}  NOV EXISTING HOME SALES: 4.49M V 4.93ME (% M/M)

[10:00] {Threei}  OV NEW HOME SALES: 407K V 415K

[10:00] {Threei}  DEC RICHMOND FED MANUFACTURING INDEX: -55 V -40E

[10:02] {Geo} huge offer fmcn

[10:02] {Threei}  OCT HOUSE PRICE INDEX: 1.1 % V -1.3%E

[10:02] {Threei}  that's the idea

[10:05] {dptl} you in?

[10:05] {lisa_jay} in

[10:06] {Threei}  not very convincing... I like them acting faster after such significant break

[10:06] {dino} tbt hl l .10

[10:07] {lisa_jay} out

[10:08] {ese} long EPIX .74

[10:08] {dptl} ouch

[10:08] {Threei}  out .90

[10:09] {lisa_jay} u did say very risky!!!!

[10:09] {Threei}  that EDGX offer never got taken out

[10:10] {Threei}  it canceled, then reappeared

[10:11] {ese} tight stop to break even .74

[10:12] {patience} oil dropping....feb contract now below 40...not good

[10:12] {Threei}  for whom?

[10:13] {lisa_jay} commodities?

[10:13] {patience} broke a technical line...was hoping 40 would hold so banks would start going up

[10:13] {patience} that would be my technical analysis    :)   very sophisticated

[10:14] {Threei}  UBCP, is this spread for real?

[10:14] {lisa_jay} If you make money off of it...which you seem to do...

[10:14] {Threei}  it's not criminal?

[10:14] {patience} i do alot of reading lisa and try to scalp momo off the news

[10:15] {lisa_jay} i like how you are so focused and disciplined.

[10:15] {ese} EPI

[10:15] {ese} x

[10:15] {ese}   stopped even

[10:15] {patience} just my style, comfort level...don't like risking capital

[10:16] {ese} was worth a try......thought that it would give 2.00 a shot

[10:17] {lisa_jay} AMZN forming asc. triangle.

[10:22] {KSystems} i was away for some time...

[10:22] {KSystems} what about volume today?

[10:23] {Threei}  a bit early to tell

[10:23] {Threei}  so far on a low side

[10:23] {KSystems} i see...thank youi

[10:23] {lisa_jay} fmcn broke 9

[10:24] {Geo} dunno lisa

[10:24] {Geo} market on low end of range

[10:25] {lisa_jay} ok, thanks Geo

[10:28] {Geo} hehe

[10:28] {Geo} sorry lisa

[10:28] {lisa_jay} why, i am sure i would have been stopped out....somehow...The trading Gods absolutely love me.

[10:29] {lisa_jay} I am just watching...only taking Vad's calls.

[10:30] {Threei}  DRYS, watch for pullback to .80 roughly

[10:30] {Threei}  for long entry

[10:31] {Threei}  WHITE HOUSE: US ECONOMY WILL BE WORSE IN Q4 THAN IN Q3

[10:31] {Threei}  no, really?

[10:32] {ese} already priced in

[10:32] {Threei}  no pullback

[10:36] {dino} now what say that again

[10:36] {dino} why

[10:40] {lisa_jay} .

[10:42] {lisa_jay} Vad, Drys still valid?

[10:43] {patience} hey Ese, you see we're supposed to get 10 to 20 cm snow today?

[10:43] {Threei}  yes isa

[10:43] {Threei}  watch nasdaq

[10:44] {lisa_jay} could you just say "IN" when you enter. ... Thanks.

[10:47] {_elepet} anyone in hig?

[10:47] {Geo} watching PLD

[10:47] {ese} PLD bstop 11.16

[10:47] {Geo} :)

[10:48] {Larisa1} HIG was nice play in the morning off 15.50 support . having trouble with 16.80 resis now. Unless market really jumps.

[10:49] {ese} i like that chart lpattern geo

[10:49] {dptl} 1 min ese?

[10:49] {ese} yes

[10:50] {Threei}  PLD some hard to digest news

[10:50] {_elepet} I bought HIG yesterday at 15.94 and am wondering about exit point.

[10:51] {Threei}  jerky market elepet, no real firm read... why not protect profits and sleep well

[10:51] {ese} agressive entry PLD s small .04

[10:51] {Threei}  take off 2/3 of position,

[10:51] {ese} thats long small not s

[10:51] {Threei}  let the rest trade with stop under breakeven

[10:52] {Larisa1} nice ele, I would not let HIG go under 16.40 and if 17 breaks, will go higher/ Just imo 

[10:53] {Larisa1} or what threei said :) can not argue with a Master :)

[10:53] {Threei}  12/23/08 08:40am

[10:53] {Threei}  [PLD] ProLogis To divest China operations and 20% interest in Japan Property Funds to GIC Real Estate for $1.3B

[10:53] {Threei}  - The net proceeds will be used to reduce debt.

[10:53] {Threei}  - Company expects to record a modest net loss on the transaction of approximately 4% to 6%of the book value of the assets sold.

[10:53] {Threei}  - Co' development pipeline as of September 30, 2008 will be reduced by $1.0B, including $255M in costs to complete development of the assets owned directly and within Prologis'' development joint ventures in China.

[10:53] {Threei}  - The company expects to close the transaction in January 2009

[10:54] {Threei}  - CEO: In one substantial step, this transaction helps ProLogis de-lever its balance sheet, relieve near-term re-financing pressure and enhance liquidity

[10:54] {Threei}  - Selling our China operations and our investment in the Japan funds was not an easy decision; however, this represents a major milestone in the implementation of the plan we outlined last month to strengthen the company''s balance sheet in order to meet the challenges of the current environment.

[10:54] {Threei}  to me, it reads as "dump the future prospects in order to survive today"

[10:54] {Threei}  wide open to interpretations

[10:56] {ese} ya......i think i'd take it thqat way too....

[10:58] {dino} sso stopped flat

[11:03] {Threei}  DRYS

[11:03] {magoo} in?

[11:03] {Threei}  one more leg down for teleportation entry

[11:03] {Threei}  closer to .70

[11:03] {Threei}  or if market sp;ikes, .80 break

[11:04] {lisa_jay} r u in vad?

[11:04] {Threei}  missed it... if you got it, stop under .75 and look for a scalp

[11:05] {lisa_jay} ok, thanks.

[11:06] {_elepet} thanks vad, larissa. sold some HIG. 

[11:07] {Larisa1} good job ele

[11:10] {ese} something keeps pushing PLD up ...regardless of the news

[11:15] {Threei}  in

[11:15] {Threei}  .62

[11:16] {Threei}  stop under .50

[11:16] {Threei}  .55 for hard core scalpers

[11:18] {Threei}  more weakness in the market

[11:19] {Threei}  CBC, next topic: Garden City under the snow

[11:20] {Threei}  the rest of Canada has their 1 in a 10 years chance to gloat

[11:24] {lisa_jay} TOS fills are amazing....

[11:24] {lisa_jay} out 2/3rds DRYS .10c

[11:24] {Threei}  out .72

[11:24] {Geo} all vad?

[11:24] {Threei}  yeah

[11:25] {Geo} low vol stophunting IMO

[11:25] {lisa_jay} out rest flat.

[11:25] {lisa_jay} Thanks Vad.

[11:26] {jmb} thanks vad

[11:26] {ese} pld stopped....

[11:27] {wishbone} Lisa what are TOS fills?

[11:28] {lisa_jay} Sorry wishbone...my trading platform Think or Swim...not as fast a laser but holding its own.

[11:28] {ese} -.32 on 300shs PLD

[11:28] {ese} rats

[11:29] {wishbone} oh..ok ty

[11:34] {dino} gg sm l .90

[11:41] {Threei}  GM under 3

[11:41] {Threei}  I can't watch this

[11:41] {Geo} personally i dont know trading this week is a good idea

[11:41] {Geo} anemic vol with drifting

[11:44] {Threei}  RIMM .93 short with stop above 42

[11:44] {Threei}  invalidated

[11:45] {dino}  i'm w/you geo

[11:46] {dino} nonsense moves

[11:46] {Geo} I am sitting in front of pc while getting whole house ducting changed.....

[11:46] {Geo} fun times

[11:46] {magoo} sopme of biggest moves asre days like today imo

[11:47] {dino} gas hookups being done at my house today. i am responsible for oil crash

[11:48] {magoo} and i thank u for that...truly

[11:48] {dino} any time

[11:48] {Threei}  used to be oil heating?

[11:49] {dino} yes for 13 years, last year spent $3k on heat, said thats it

[11:50] {Geo} natural gs hookup here

[11:50] {Geo} dont know which works better

[11:51] {dino} neighbors spent $1,800/year last year on gas, so i switched. and gas is way down too, so hopefully................

[11:52] {Geo} nice

[11:52] {magoo} why not hook your a*s up to your house dino??

[11:52] {Geo} hmmmm

[11:53] {wishbone} lol

[11:53] {dino} well, as they say magoo, theres a chair for every azz

[11:57] {dino} lod

[11:57] {Threei}  watching DRYS for quick trip to .50 or under for bounce scalp

[11:58] {Threei}  why did RIMM have to invalidate the short before triggering

[12:00] {lisa_jay} r u in drys vad?

[12:00] {Threei}  no

[12:06] {ese} long EPIX 3/4's .45

[12:07] {ese} going against index ......we'll see.....

[12:08] {ese} thinking it's bottomed out

[12:09] {dino} abfs

[12:10] {dptl} short drys ?

[12:11] {lisa_jay} Is it available to short Dp?

[12:11] {dptl} ups ...no

[12:12] {Threei}  I wouldn't anyway

[12:12] {magoo} u guys are obsessed with DRYS

[12:13] {ese} are you looking at abfs dino

[12:14] {lisa_jay} Yes Magoo...my husband thinks its a name for a Harlequine romance hero or something..

[12:14] {lisa_jay} Drys Shipman

[12:14] {Geo} [12:57] {magoo} I HATE DREYS

[12:14] {magoo} i do

[12:14] {magoo} its a poor trader

[12:14] {ese} out EPIX -,04

[12:15] {Threei}  if I weren't lazy, I'd go over calls on it over last two or three weeks, you'd be amazed how this poor trader performed for us

[12:16] {magoo} if i went over my DRYS im down

[12:17] {dino} hmmmm cat fight

[12:17] {magoo} so i HATE it

[12:17] {wishbone} lol

[12:17] {Geo} 2 slothfull fatcats

[12:17] {Geo} no disrespect intended

[12:18] {magoo} we cant all be yes men in the room :)

[12:18] {dino} fwiw, the dji has been negative since tuesday close

[12:18] {Geo} no vad no we still worship you.................

06[12:19] * Geo is bored

[12:19] {magoo} and fat

[12:19] {Geo} sez who?

[12:19] {dino} 1 plus day in last 7 trading days

[12:19] {dino} dji

[12:20] {dino} imo, they will be markling up big next week, just like last month and month before

[12:20] {magoo} patience told us he he

[12:20] {dino} fed gave the wink, we are not checking up on you

[12:21] {Geo} hmmm dino

[12:21] {patience} ty magoo, i'm expecting down next week but i'll trade what i see

[12:21] {ese} I can't find nut un.......there just ain't any trades to be had

[12:21] {Geo} selling to gussy up year end portfolios for fund managers?

[12:22] {magoo} mkt bounce time imo

[12:23] {magoo} slothy..guussy..quite the lingo lol

[12:24] {lisa_jay} amzn has been good

[12:24] {Threei}  you remember why they downgraded Pluto from planet status to asteroid?

[12:25] {Threei}  said it was small, not bright enough and gussy

[12:25] {lisa_jay} too small?

[12:25] {ese} anyone have a take on how the lower crude prices may effect airline fares?    My high school R&B band has an invitation to 3 european festivals...Belgium, Denmark and Norway.

[12:25] {ese} for the summer

[12:26] {wishbone} vol spike q's

[12:26] {Geo} thanks you magoo have been brushing up my english

[12:26] {Larisa1} GEO, what does your nick mean, Group of Earth Observation or  Global Environment Outlook ?

[12:26] {Geo} used to be GeoArb larissa

[12:26] {Geo} "they" mutiliated it

[12:27] {magoo} they??

[12:27] {ese} mine too

[12:27] {Geo} geographical arbitrage

[12:27] {Larisa1} even better :)

[12:27] {wishbone} lol

[12:27] {lisa_jay} always wondered too.

[12:27] {Geo} just a fancier name for migrants Larissa :)

[12:27] {dino} hmmm, and mine was simply dino the dinosaur

06[12:27] * Threei is now known as nick mutilator

[12:28] {Larisa1} where are you from Geo ?

[12:28] {Geo} = land of phone call reps

[12:28] {Threei}  don't tell me it was you who picked up the phone when I called DELL support

[12:28] {magoo} i was megamagoomiesterbra

[12:29] {Geo} bra magoo?

[12:29] {magoo} oops,lol

[12:29] {magoo} bro

[12:29] {lisa_jay} Those are very sturdy brand Magoo

[12:29] {Threei}  freudian slip?

[12:29] {Geo} if you heard a cackling it was me 3i

[12:30] {Geo} ehtnically indian larissa

[12:30] {Geo} 10 years California 18 yrs africa and 5 yrs India

[12:30] {Geo} now in cyberspace

[12:30] {lisa_jay} I was in Zambia for 5 years Geo.

[12:31] {Geo} nice lisa

[12:31] {lisa_jay} which counry in Africa?

[12:32] {Geo} mediterranean circle

[12:32] {Geo} Libya/Egypt/Malta/Italy

[12:32] {Geo} dad liked to travel

[12:32] {Larisa1} after 18 african years you are oficially "africanian"  :)

[12:32] {Threei}  Italy} in Africa?

[12:33] {Geo} majority was in africa

[12:33] {Geo} i should just say Mediterranean i guess

[12:33] {lisa_jay} Was Mrs. Geo in Africa too?

[12:33] {Geo} yeah

[12:34] {Geo} dated her in high school there

[12:34] {lisa_jay} wow

[12:35] {Geo} i am still stuck on magoo's new nicknale

[12:35] {Geo} name

[12:35] {Geo} vad you should change it back

[12:35] {Threei}  can't

[12:35] {Threei}  other bra producers object

[12:35] {Geo} come on

[12:35] {Geo} it will kill me to think magoo has to type that everyday to get in

[12:35] {Geo} lol

[12:36] {Threei}  'cept our mIRC is on autoconnect :)

[12:36] {Geo} trust me he wouldnt know how to /nick

06[12:36] * laserdave1 slaps Threei around a bit with a large trout

06[12:36] * Geo slaps laserdave1 around a bit with a large slab of canadian ham

[12:37] {laserdave1} who the heck gave u canadian ham?

[12:37] {Threei}  lol

[12:37] {Geo} i got it in the canadian consulate

[12:37] {wishbone} what no maple syrup?

[12:37] {laserdave1} laserdave1 slaps magoo around with Vad

[12:37] {Geo} tough to slap with

06[12:39] * magoo slaps laserdave1 around a bit with a large a basket full of cheer

[12:40] {laserdave1} this slapping is contageous

[12:40] {laserdave1} contagese

[12:40] {laserdave1} contageis

[12:40] {Geo} contango

[12:40] {laserdave1} contageeze

[12:44] {Larisa1} never before presidents were so e-mail active. Getting e-mails from Michelle and Barack every day :)

[12:44] {Threei}  it's just the mouse stuck on Send button

[12:45] {Larisa1} no!  dats because i am vevy important!

[12:47] {Threei}  let me check

[12:47] {Larisa1} bet he is checking his junk e-mail

[12:48] {Threei}  yup/// Michelee says you are

[12:48] {Larisa1} oh :)

[12:48] {Larisa1} ty

[12:49] {ese} long KHD .38 1/2

[12:55] {lisa_jay} nice KHD 

[12:57] {ese} not holding my breath today...this will only mitigate my -.32 in PLD earlier if it works

[12:58] {lisa_jay} Vad, Amzn - would this be a double bottom...for educational reasons only.  Thanks.

[12:58] {ese} out  KHD .68 +.30

[12:58] {lisa_jay} nice

[12:58] {Onix} gj

[12:58] {ese} tks

[12:59] {Threei}  what do tou see as bottoms?

[12:59] {Threei}  you

[12:59] {ese} how bout that....Vads strategy works....keep plugging away and limit losses

[12:59] {Threei}  it does

[13:00] {lisa_jay} From 12 - 12.20 and 12.35 - 12.45

[13:00] {Threei}  take valid setups and play them by the book... the rest will take care of itself

[13:00] {dino} gj es

[13:00] {Threei}  not very pronounced formation lisa

[13:01] {ese} yes......although sometimes I get too aggressive and should be waiting for the setup to appear

[13:01] {lisa_jay} Ok, thanks Vad.

[13:01] {Geo} someone comitted suicide?

[13:02] {Geo} CNBC

[13:02] {ese} huh?

[13:02] {ese} crammer?

[13:02] {Geo} you wish

[13:03] {ese} I give up ....who?

[13:03] {Threei}  some fund manager linked to Madoff

[13:03] {ese} ahhhh....

[13:04] {Threei}  now... Ponzi scheme is criminal, no?

[13:04] {ese} not crammer then.....

[13:04] {Threei}  what do you call the very idea of practically all social programs, benefits and pensions then?

[13:05] {wishbone} like income trusts in canada

[13:05] {Threei}  they all are based on payment to early "investors" from what today's ones bring,

[13:05] {Threei}  they all rely on eternal increase in numbers

[13:06] {ese} don't think thats quite true....

[13:06] {Threei}  and they all collapse if demographics (attraction of new "investors") cotract

[13:06] {ese} money is suppose to be invested properly

[13:07] {dino} es, you forget that politics gets involved

[13:07] {dino} give them more to get elected, messes up whole system

[13:07] {ese} to some extent they require new investors.....but not to just keep the trust going,,...legit ones anyway

[13:07] {ese} although those trust can certainly be mismanaged

[13:11] {magoo} vad..i am eating bacon..and i know u care

[13:12] {dino} sm l oxy .50

[13:12] {magoo} VAD DCC

[13:12] {Threei}  I don't care mags

[13:12] {Threei}  I have my own

[13:12] {Larisa1} vad is healthy eater. carrots for lunch. i hope

06[13:13] * Geo still keeping his slappable canadian ham

[13:13] {Threei}  although I never refuse a chance to get someone else's

[13:13] {magoo} dcc vad

[13:13] {Threei}  carrots

[13:13] {Threei}  yeah

[13:13] {Threei}  that's it

[13:14] {laserdave1} laserdave1 grabs geos canadian ham and slaps geo with it

[13:14] {laserdave1} ahhhhhhhh i see how that works

[13:14] {laserdave1} i like it

[13:14] {Geo} sniff

[13:14] {Threei}  put them in microwave, nuke the so they are crispy, juicy, fat melts

[13:14] {Geo} thats was uncalled for

[13:15] {Threei}  oh wait... that's bacon

[13:15] {Threei}  I just keep it in carrot's package

[13:15] {ese} rats had limit order in ARTC at .48   missed it

[13:15] {magoo} geo...hook laserdave up with slap program ppppaaaalllleeeasses

[13:16] {Geo} nah

[13:16] {Geo} its funny watching him struggle

[13:16] {Threei}  careful geo

[13:16] {laserdave1} Cmon struggle

[13:16] {Threei}  I made too much fun of him once

[13:16] {laserdave1} look at the stuff i come up with

[13:16] {Threei}  guess what he did

[13:17] {magoo} geo..if u use lasaer platform..u made ned dave someday

[13:17] {Geo} jimmied your laser?

[13:17] {Threei}  disconnected my fills from actual market...

[13:17] {Threei}  I traded so well

06[13:17] * Geo frantically looking up instructions for dav

[13:17] {Threei}  but it was all sim as I found out at the end of the month

[13:18] {Threei}  heck, he even was so generous, he gave me $1 price improvements

[13:18] {Geo} look email dave

[13:18] {Threei}  you should hear his evilish laughter when I called to ask where my profits were

[13:18] {Geo} hey dave does laser have sim?

[13:18] {Geo} (serious question)

[13:19] {laserdave1} u mean demos

[13:19] {laserdave1} we have

[13:19] {Geo} demo with real time data

[13:19] {Geo} not prepackaged data

[13:19] {ese} ARTC nice move

[13:20] {Geo} ?

[13:21] {laserdave1} dcc

[13:21] {lisa_jay} Ese, if your entry would have been at .47, where would you put the stop.  Thanks.

[13:23] {lisa_jay} on ARTC

[13:23] {ese} was only going for a 1/2 lot  so was thinking .25

[13:24] {lisa_jay} K, THANKS

[13:24] {lisa_jay} sorry caps

[13:25] {ese} risk $125 for the possiblilty of it going to 5.00 for 250 2:1

[13:26] {lisa_jay} ok.

06[13:27] * laserdave1 slaps Threei around a bit with a large trout

[13:28] {Geo} do you see more slapping options dave?

06[13:28] * laserdave1 slaps Threei around a bit with a large trout

[13:29] {ese} ARTC almost at 5....damn

06[13:29] * magoo slaps Threei around a bit with a large geos canadian bacon which vad stole first but magoo stole from vad when he went looking for fry pan

[13:29] {Geo} HAM HAM

[13:29] {magoo} no, u still have your HAM..but u no longer have your bacon

[13:30] {patience} i have the green egs if you need them Geo

[13:30] {lisa_jay} lol

[13:31] {ese} ARTC  5.00 tsk tsk tsk....what a waste....of no profit

[13:31] {Geo} sigh

06[13:31] * Geo crack open a cognac

06[13:32] * laserdave1 slaps Threei around a bit with a large roll of cash

06[13:32] * laserdave1 slaps Threei around a bit with a large scalping course

[13:32] {Geo} try the last one dave

06[13:32] * laserdave1 slaps Threei around a bit with a large hammer

[13:32] {Geo} nice

[13:33] {lisa_jay} Ese, i feel your pain.

[13:33] {laserdave1} ty so much

[13:33] {laserdave1} very nice

[13:33] {laserdave1} i like 

[13:33] {laserdave1} yes i like

[13:33] {laserdave1} yes

06[13:33] * Geo slaps laserdave1 around a bit with a large tub of canadian maple sugar cookies

06[13:34] * laserdave1 slaps Threei around a bit with a large Santa

[13:34] {laserdave1} nice

[13:34] {ese} yup......thats the type of pain that i've learned to sluff off......used to bug me that i wasn't in but that was a dangerous emotion

[13:34] {laserdave1} i see u have the canadian option built in

[13:35] {Geo} nah

[13:35] {Geo} all in my mind

[13:35] {Geo} just thinking of all the stuff i bough when i was visiting

[13:35] {magoo} jeez dave

[13:35] {lisa_jay} I am working through that Ese...will conqor it eventually with Vad's help.

[13:36] {magoo} i told him to hook u up...not one slap

[13:36] {ese} that emotion can kill your account......specifically the next time when you have a bad trade and you decide to stay in..

[13:36] {ese} when you should get out

[13:36] {lisa_jay} Ese, when do yo move stop to brekeven to wait out for 1:2

[13:37] {lisa_jay} You don't partial out right?

[13:37] {dino} out gg .30, +.40 all day

[13:37] {ese} hmmmmmmm......i don't really partial but i probably should.....

[13:37] {lisa_jay} nice Dino.

[13:38] {Onix} gj

[13:38] {dino} ty lj

[13:38] {ese} usually i don't want to loose anymore then 150 to 200 on any particular trade.....but i'll get out sooner or move the stop up quick if I think the trade ir really risky

[13:38] {dino} and onix

[13:39] {lisa_jay} ok, thanks Ese.

[13:40] {ese} i've tried to learn from vad about position size....in terms of goin 1/2 or full lots.......it's half usually for me if volume is under 2 mill

[13:41] {ese} i've gotten used to seeing what vad sees....I think.....when he's looking for steady prints.

[13:41] {dino} uso wants green imo

[13:41] {ese} that reduces risk for me anyway

[13:42] {ese} if prints are not steady one way or the other i'm usually 1/2 lot or less

[13:44] {lisa_jay} Thanks Ese, learning something everyday.

[13:47] {ese} also trying to learn how dino has mastered short cover rallys.....borders on the existential 

[13:48] {dino} lol

[13:48] {dino} out oxy .90, +.40

[13:48] {lisa_jay} Nice 

[13:48] {dino} ty

[13:49] {dino} es, sm size allows for entry errors

[13:49] {ese} have practised traded a few but have not got them to work for me

[13:49] {ese} for your short cover rallys?

[13:49] {dino} y

[13:49] {ese} tks

[13:50] {dino} also, look at support levels from days/weeks past

[13:50] {dino} we know yesterdays, 8372 dji; 1169 ndx; 871 s&p

[13:51] {dino} and dec. 8,118, 1096, 818

[13:51] {ese} yes....and do you wait for those levels in particular to trade off of

[13:52] {dino} i use prior day, then weekly, then monthly(which hasn't come too close yet)

[13:52] {dino} overall, we are in a big range sell dji over 8800, buy around 8300

[13:53] {ese} have been kind of aware of that......need to pay more attention to it though

[13:54] {dino} 500 pts right, and typically we range 300 pts/day, so....extrapolate

[13:54] {ese} (: 

[13:55] {dino} ok, do we drop hard again at 2?

[13:55] {dino} and bounce big around 3:35-40

[13:56] {patience} i scalp goldcorp frequently...30 minute daily charts for the past 10 days...very similar pattern

[13:56] {dino} gg

[13:56] {patience} i just keep scalping whomever set up the buy/sell program

[13:57] {patience} although volume has lightened up

[13:57] {dino} gj, nice 5 days pattern too29=-27.50ish

[13:57] {patience} i'm trading on the canadian side but american must be similar

[13:58] {patience} i'll sell my goldcorp stock this week because COTS reports say gold is down next week probably

[13:58] {ese} theres your dow answer dino.....20pts jump

[13:58] {patience} i'll keep the options

[13:58] {dino} i think head fake es, but will wait a few

[13:59] {dino} same pattern yestday'

[13:59] {Threei}  we may get some ramp up here

[13:59] {lisa_jay} Amzn breaking out of asc triangle.

[13:59] {dino} and fri, and thurs

[14:00] {Geo} nice patience

[14:01] {Geo} i just started reading a book on the cots report

[14:01] {Geo} just trying to figure it out

[14:01] {patience} http://www.cotstimer.blogspot.com/

[14:01] {ese} patience....do you wait for one dn or up bar and on a reversal and then enter at the high or low of the bar 30mins that is?

[14:01] {patience} this guy is fixated with it, i leave him to do the number crunching

[14:02] {Geo} some people i know use this: http://www.bullishreview.com/

[14:02] {patience} thanks geo

[14:02] {Geo} they do well I dont use it though

[14:02] {patience} ese, i use the 30 or 60 to look for larger patterns

[14:03] {Geo} dont trade commodities much

[14:03] {patience} i use shorter timeframes for scalping

[14:03] {patience} 5 or 10 minutes

[14:03] {patience} then go by rsi and macd

[14:03] {Threei}  RIMM

[14:03] {Threei}  long .96 if takes that offer by UBSS at .95

[14:04] {Threei}  needless to say, with market help

[14:04] {Geo} thanks a lot patience........ what are some  good gold symbols?

[14:05] {Geo} will make for good vacation reading :)

[14:05] {patience} depends on your risk profile

[14:05] {magoo} go ahead and say it vad

[14:05] {patience} i like goldcorp for scalping, barrick can act weird around options expiry

[14:05] {Geo} medium lol

[14:05] {patience} used to scalp kinross alot, but they own russian gold mine....so no more

[14:06] {Geo} you dont do just plain gold?

[14:06] {patience} i don't do juniors any more, they can fold in an eyeblink

[14:06] {patience} i buy gold physical

[14:06] {Geo} ahhhh

[14:06] {patience} i do gold etf's, although

[14:06] {Geo} symbols?

[14:06] {patience} i'm nervous of etf's starting to have to fold some of their stuff now

[14:06] {Geo} gld?

[14:07] {patience} that's on the u.s. side right?

[14:07] {dino} y

[14:07] {patience} i don't do u.s. anymore, currency fluctuation is too volatile

[14:07] {Geo} thats UBSS 390 no budging

[14:08] {Threei}  oil 39?

[14:09] {patience} 39.04

[14:09] {patience} has gone back up

[14:09] {Geo} invalid vad?

[14:10] {Threei}  that far from trigger, I'd rather switch to scalping bounce when marketreverses

[14:11] {wishbone} don't have UBSS on level 2 in Laser

[14:11] {wishbone} . Is that something to pay for....anyone?

[14:11] {Threei}  no

[14:11] {Threei}  just one of MMs

[14:11] {wishbone} setting  in level 2?

[14:12] {Threei}  look DRYS

[14:12] {Threei}  see him at 9.73?

[14:12] {Geo} MADF disseappeared hehehehehehe

[14:12] {Threei}  .75 now

[14:12] {wishbone} ooops sorry...looking at rimm!:) thnxs Vad

[14:12] {Threei}  on RIMM he is just too far from current market

[14:13] {Geo} its there at rimm at .95

[14:13] {wishbone} ok ty Geo

[14:14] {Geo} MADF used to be madoff

[14:16] {dino} cb sm l .95

[14:17] {lisa_jay} vad u in rimm?

[14:17] {Threei}  no

[14:18] {Threei}  slept through reversal

[14:18] {lisa_jay} :-)

[14:21] {lisa_jay} false break out?

[14:21] {lisa_jay} markets

[14:23] {Threei}  it's not even breakout

[14:23] {Threei}  merely little bounce

06[14:24] * magoo slaps Threei around a bit with a large motivational manuel on how too pick trades condstantly bv recognizing setups

[14:25] {Threei}  I think I am retiring...

[14:26] {patience} magoo, aren't you a little nervous meeting Vad in Nassau and him teaching you some water therapy at the beach

06[14:26] * magoo slaps Threei around a bit with a large large book about how to enjoy golden years of retirement thru running daytrading scalp room

06[14:26] * Threei makes a mental notice of necessity to master and perfect waterboarding techniques

[14:27] {magoo} i cant find any bus tickets to nassau yet

[14:27] {patience} uh huh, i believe you

[14:27] {Threei}  that's because it's only accessible by street-car

[14:28] {lisa_jay} amzn

[14:28] {lisa_jay} sorry...too many screens to type into...

[14:41] {dptl} .

[14:48] {dino} cb stopped -.37

[14:49] {dino} sso bottom yesterday around 23.84

[14:49] {magoo} VADDDDDd

[14:49] {magoo} bouncers??

[14:49] {Threei}  I'd feel more confident about that if we made one more sharp leg down

[14:50] {Threei}  all we are getting on this selloffs is a few cents bounce

[14:50] {Threei}  not worth the risk

[14:51] {dino} wait magoo

[14:51] {dino} 3:35 for the bounces

[14:52] {ese} have a great rest of the day all....have shoppin g to do see ya tamara.

[14:52] {Threei}  take care ese, drive carefully

[14:52] {Threei}  they promised more of this white stuff

[14:52] {ese} will do

[14:53] {lisa_jay} bye Ese

[14:53] {dino} cya es

[14:53] {patience} bye ese

[14:53] {wishbone} take er easy ese

[14:53] {dino} that guy's fast

[14:58] {Threei}  wish... how does your Murano hegotiate this slush?

[14:58] {wishbone} wicked...had to put er in AWD a couple times....you?

[14:58] {Threei}  well, mine is Winnipeg-trained {G}

[14:59] {wishbone} lol

[14:59] {Threei}  it runs AWD automatically

[14:59] {Threei}  turns

[14:59] {wishbone} no button on lower console?

[14:59] {Threei}  yes

[15:00] {dino} panl

[15:00] {Threei}  I just found out it always turns it on before I can when road conditions warrant it

[15:00] {wishbone} hmmm

[15:01] {Threei}  had to switch to L though to get out of my residential

[15:01] {Threei}  and being a good neighbor, made couple circles to pack the snow for smaller cars

[15:01] {wishbone} oh.....nice

[15:02] {lisa_jay} Dino, what are the key reversal times that you look at.  Thanks.

[15:07] {dino} 2:00 it's been falling hard and 3:35-40 it's benn closing up hard (80-100 pt moves)

[15:07] {dino} benn=been

[15:08] {dino} 857 s&p lod yesterday, 1169 ndx, 8519 dji, watch them imo

[15:08] {dino} dji 8372

[15:09] {lisa_jay} thank you.

[15:09] {dino} np

[15:11] {dino} perhaps everybody wants to get in front of the 3:35 train

[15:12] {lisa_jay} looks like that

[15:14] {Threei}  lisa, if you want nicely shaped double bottom, RIMM shows just that

[15:14] {lisa_jay} Ok, thanks vad.

[15:15] {Geo} hmmm

[15:15] {Geo} nice shaped double bottom

[15:15] {Threei}  hmmm

[15:15] {Threei}  sounded better before I said it

[15:16] {magoo} give me a winner for 1000 bux into bell vad

[15:17] {Geo} 350 here pls

[15:17] {Threei}  1000 is a bit too much.... but if haven;t hated DRYS so much you would take .70 break just now

[15:17] {Threei}  big offer

[15:19] {magoo} u can do better than that boss

[15:22] {patience} magoo, you have heard the expression 'floaters

[15:23] {Threei}  RIMM bounce area is around .60 this time

[15:23] {magoo} i like that :)

[15:23] {patience} oops, i was thinking that, how did that suddenly appear in type

[15:24] {Threei}  in, stop under .50

[15:24] {Threei}  ugh, don't chase

[15:25] {Threei}  too fast

[15:25] {lisa_jay} whrere u in from?

[15:25] {Threei}  .58

[15:25] {Threei}  just a scalp so no chasing that far

[15:26] {Threei}  and missed exit while typed, lol

[15:26] {Threei}  anywat, stop under .50

[15:26] {lisa_jay} sorry

[15:26] {Threei}  nah, I missed it while typed stuff before your question :)

[15:27] {Threei}  out

[15:27] {Threei}  .70

[15:27] {lisa_jay} ok, now that is how you scalp Lisa!

[15:27] {Threei}  ecept no incessant typing between entry and exit, lol

[15:28] {magoo} nice vad

[15:28] {Threei}  you don't know best part yet maags

[15:28] {magoo} full lot?

[15:28] {Threei}  never thought I would do ever this but

[15:28] {Threei}  double lot

[15:29] {Larisa1} double lor and you are typing in between ?  careful vad :)

[15:29] {magoo} magoo faints..heads smacks keyboard..buys doublre lot goog while he is unconscious

[15:30] {Threei}  yeah, that wasn't very smart of me

[15:30] {patience} magoo, if you are going to do one of your extreme trades, wait a sec, i'll get a glass of wine and watch you

[15:30] {Threei}  RIMM really changed its wicked ways

[15:30] {patience} used to love watching magoo's friday afternoon trades

[15:30] {Threei}  still a great trader but so much more manageable

[15:31] {patience} Rimm or magoo?

[15:31] {Larisa1} lol

[15:31] {Threei}  magoo is unmanageable

[15:32] {cosmo} PALM's up ... in a cup&handle ... could get hot...

[15:33] {cosmo} at .67

[15:33] {Threei}  and yesterday high is nearby, .71

[15:33] {Threei}  interesting find cosmo

[15:33] {cosmo} a bail out play...

[15:36] {Threei}  watching for another bounce from under .70

[15:36] {Threei}  RIMM

[15:36] {Onix} ty Vad, i got 20c in RIMM

[15:36] {Threei}  wtg onix

[15:36] {magoo} in rimm .49

[15:37] {dino} wtg

[15:37] {lisa_jay} nice Onix

[15:37] {Threei}  .49?

[15:38] {magoo} freak..i in AAPL

[15:38] {magoo} mistake

[15:38] {magoo} watching aapl

[15:39] {Onix} ty

[15:41] {magoo} out 

[15:41] {magoo} dummy

[15:41] {Threei}  in

[15:41] {Threei}  .66

[15:41] {Threei}  stop under .60, very tight

[15:43] {Threei}  CFTC HAS REPORTEDLY APPROVED PROPOSAL FOR CLEARING OF CREDIT DEFAULT SWAPS

[15:43] {dino} cb sm l .35

[15:43] {Threei}  CME is probably beneficiary

[15:44] {Threei}  tough one to trade

[15:47] {Threei}  half out RIMM .75

[15:47] {Threei}  just to rewduce the risk

[15:47] {Threei}  takes a bit too long

[15:47] {dino} ok's cme credit deriviatives clearing plan, cyber

[15:48] {Threei}  moving

[15:48] {Threei}  horrific spread

[15:49] {dino} y

06[15:50] * Threei kicks RIMM in the rear

[15:50] {dino} will watch cme tomprrow

[15:50] {dino} tomorrow

[15:51] {Threei}  you think its spread improves overnight?? :)

[15:51] {magoo} ive seen it go 10 points in last 10 minutes before

[15:51] {magoo} dangerous

[15:51] {magoo} safer taking 2k goog

[15:52] {lisa_jay} Thanks Vad, got 9c on Rimm

[15:52] {Threei}  see? it's easy

[15:52] {dino} thing is risky, but news seems good, was 225 a few days ago

[15:53] {dino} 2 days ago

[15:53] {lisa_jay} Only when you call em Vad.

[15:55] {patience} last hour trading volumes getting impressive these days, more overnight trading happening

[15:56] {dino} all those traders thrown out of work at the big boys patience

[15:56] {patience} i guess dino

[15:56] {dptl} have a good evening all

[15:56] {patience} i've put in overnight sell orders

[15:56] {dino} we may see a new rise of the daytrader

[15:56] {Threei}  take care dp

[15:56] {patience} let's see how they do with risk when its their money dino...

[15:56] {patience} bye dp

[15:57] {dino} lol patience

[15:57] {dino} cya dp

[15:57] {lisa_jay} Thanks everyone.

[15:57] {dino} cya lj

[15:57] {Threei}  out RIMM balance .

[15:57] {Threei}  .78

[15:57] {wishbone} bye lisa

[15:57] {Threei}  time ran out on me :)

[15:58] {Threei}  thank you all

[15:58] {Threei}  have a good evening, see you tomorrow

[15:58] {Larisa1} bye all

[15:58] {patience} thanks all

[15:58] {dino} cya vadster

[16:00] {dino} out cb .60, +.25

[16:02] {magoo} good nite vad..all

Dec 22 2008

Was I due to a losing day or what. Nothing worked today, couple scalps couldn't offset small but numerous stops. Oh well. Low volume days tend to do that to me. Normal trading is not likely to restore until after the holidays.

Session Time: Mon Dec 22 00:00:00 2008

[07:26] {Threei}  *TED SPREAD OPENS AT 147BPS V 150BPS PRIOR; LIBOR-OIS SPREAD AT 125BPS V 130BPS PRIOR

[07:26] {Threei}  - Ted Spread at its lowest level since Sept 12th

[07:49] {Threei}  *TED SPREAD OPENS AT 147BPS V 150BPS PRIOR; LIBOR-OIS SPREAD AT 125BPS V 130BPS PRIOR

[07:49] {Threei}  - Ted Spread at its lowest level since Sept 12th

[08:09] {Threei}  BALTIC DRY BULK INDEX FALLS 2.1%

[08:21] {Threei}  FMCN

[08:21] {Threei}  ANNOUNCES AGREEMENT TO COMBINE ITS DIGITAL OUT-OF-HOME BUSINESS WITH SINA

[08:21] {Threei}  - entered into a definitive agreement with SINA Corporation (Nasdaq GS: SINA), a leading online media company and value-added information service provider for China and for global Chinese communities, that SINA will acquire substantially all of the assets of Focus Media''s digital out-of-home advertising networks, including LCD display network, poster frame network and in-store network. Focus Media will retain its Internet advertising division, the movie theater advertising network portion of its commercial location network and certain traditional billboards.

[08:28] {Larisa1} good morning :)

[08:28] {Threei}  Larisa :)

[08:29] {Larisa1} gm threei, no Christmas vacation for you ?

[08:29] {Threei}  canceled due to snow

[08:29] {Larisa1} chicken

[08:30] {Threei}  friends were supposed to fly in for a week

[08:30] {Threei}  spent whole day in airport, had to return home

[08:31] {Larisa1} sorru :( my friends traveld to Florida for a week through all this snow. Crazy people.

[08:31] {Larisa1} u=y

[08:31] {Threei}  we had about 20-30 cm over the weekend

[08:31] {Threei}  this is in the city that is totally unequipped for dealing with this scale of snowfall

[08:32] {Larisa1}  Spring is coming soon!

[08:32] {Threei}  well, for us in a week or two - unless global warming deepens

[08:32] {Larisa1} lol

[08:33] {Threei}  funny quip by local reporter,

[08:33] {Threei}  Victoria's three step snowfall response:

[08:33] {Threei}  1. demand that prime minister do something

[08:33] {Threei}  2. call out grief councellors

[08:34] {Threei}  3. pump Prozac directly into water supply

[08:41] {Threei}  many locals are delighted by perspective of white Christmas, which is once a ten years occurence here

[08:42] {Threei}  me, I won't get back my appetite for snowscapes for another 10 years probably

[08:46] {Larisa1} El-Erian says 2008 - crisis of financial system. 2009 - crisis of economic system. Second is better for daytrading ?   

[08:46] {Larisa1} :)

[08:50] {Threei}  sure... what else are all those with no jobs going to do but daytrade

06[08:55] * Threei slaps laserdave1 around a bit with a large ball of snow

[08:56] {laserdave1} laserdave1 knocks over threeis snowman

[08:57] {magoo} morning

[08:58] {Threei}  magoo :)

[08:58] {lisa_jay} Good Morning everyone.

[08:59] {wishbone} morning all

[08:59] {Threei}  lisa :)

[09:00] {magoo} minus 15 degrees with wind chill here

[09:01] {_elepet} good morning

[09:01] {Threei}  elepet :)

[09:02] {Larisa1} where are you located magoo? :) morning lisa, magoo, wish, elepet :)

[09:02] {lisa_jay} Hi Larisa

[09:04] {Onix} Good morning everybody

[09:05] {dawg} gm all

[09:05] {Threei}  onix :)

[09:05] {Onix} hi dawg

[09:05] {dawg} hello Onix

[09:07] {dino} gm all

[09:07] {Threei}  dawg, dino :)

[09:08] {dino} about 16" of snow fell from fri-sunday

[09:09] {patience} happy kids dino?   good morning

[09:10] {dino} y

[09:10] {dino} santa's arrival no problem now according to my daughter

[09:10] {Onix} hi dino

[09:10] {dino} :)

[09:11] {Threei}  not if he booked air, dino

[09:12] {Geo} good morning

[09:12] {tomg} good morning everyone

[09:12] {dino} lol

[09:12] {Geo} overnight rain here

[09:12] {Threei}  geo, tom :)

[09:12] {Threei}  rain?

[09:12] {Geo} yup

[09:12] {Geo} i know its tough

06[09:13] * Threei slaps Geo around a bit with a large list of sufferings caused by real precipitations

[09:13] {_elepet} here too. that's california for you

[09:15] {ese} morning

[09:15] {Threei}  ese :)

[09:15] {ese} slapped.... that would be a rude awakening

[09:15] {Onix} hi ese

[09:16] {ese} Vad part of Trade the news do you subscribe too?

[09:16] {ese} What part?

[09:16] {ese} onix

[09:16] {Threei}  just text

[09:16] {dptl} good morning all

[09:16] {Threei}  hate the constant voice, can't focus on it

[09:16] {Threei}  dp :)

[09:17] {ese} dp.....how you liken the snow so far?

[09:17] {magoo} not telling u larisa, u scare me lol

[09:17] {ese} gotcha....

[09:17] {Larisa1} :)

[09:17] {Threei}  sound has time advantage

[09:18] {Threei}  for someone who wants to catch news a few seconds earlier that would make sense

[09:18] {ese} tks

[09:18] {Threei}  back in 5

[09:24] {KSystems} good morning :)

[09:25] {Threei}  KS :)

[09:25] {Threei}  OK guys, volume is likely to low

[09:25] {Threei}  so we are in that picky mode

[09:26] {cosmo} SQNM ... ?

[09:26] {ese} ksys...

[09:27] {Threei}  no news SQNM that I see

[09:27] {magoo} vad, keep eye on RIMM see if it wants to continue 

[09:27] {Onix} hi ks

[09:27] {magoo} from friday

[09:27] {ese} tough slog ou to the exercise room vad.....you'll get your exercise just trying to make it through the snow

[09:27] {magoo} it was nice

[09:27] {cosmo} cramered ... i think

[09:28] {Threei}  lol ese

[09:28] {Threei}  RIMM, want to let it trade a bit, then see if it shapes up

[09:29] {dptl} you have snow too??? islanders

[09:29] {Threei}  yeah

[09:29] {dptl} maaan...i can't find my car anymore here

[09:29] {Threei}  lol

[09:29] {Threei}  pile of snow on wheels

[09:30] {Threei}  push alarm button on remote, see which pile of snow responds

[09:30] {dptl} lol

[09:30] {cosmo} my woody outside... al covered with snow...

[09:30] {cosmo} all

[09:31] {Threei}  DRYS bounce candidate, half lot, next leg down

[09:31] {Threei}  or .60 break if holding .50

[09:33] {Threei}  if caught it, 1:1 is reached

[09:35] {magoo} lon gQ .71

[09:37] {gen} gm everybody

[09:37] {Threei}  RIMM pullback to under .40 on watch for long entry

[09:37] {Threei}  half lot, stop under .20

[09:37] {Threei}  gen :)

[09:37] {Threei}  first strength from here

[09:37] {Onix} hi gen

[09:38] {gen} VAd Onix:)

[09:38] {Threei}  use Qs as leading indicator

[09:38] {Threei}  in .12

[09:38] {Threei}  stop under 42

[09:39] {Geo} .10

[09:39] {Geo} half out

[09:40] {Geo} stopped\

[09:40] {Threei}  yeah, wash

[09:40] {magoo} stopped Q

[09:40] {Geo} i love pten

[09:40] {Geo} copmment vad?

[09:40] {Geo} salmon

[09:41] {Geo} comment heh

[09:41] {Threei}  too low volume yet

[09:42] {lisa_jay} Stopped Rimm

[09:42] {lisa_jay} Washed.

[09:42] {Threei}  caught RIMM finally for a nice bounce but way too fast

[09:42] {lisa_jay} or Rinsed.

[09:42] {Threei}  .85 - .15

[09:43] {Threei}  market is till too nervous

[09:44] {ese} check out daily chart on SNDK

[09:44] {Threei}  10 brweak looks interesting ese

[09:44] {ese} could go along way above 10

[09:44] {ese} yes indeed

[09:46] {ese} is there news

[09:46] {ese} SNDK that is

[09:47] {Threei}  nope

[09:47] {Larisa1} SanDisk Named CES Innovations 2009 Design and Engineering Award Honoree

[09:49] {ese} tks Larisa...

[09:49] {Larisa1} yw

[09:50] {Threei} Long Setup:  MS  .40 break if stays above .30

[09:51] {magoo} in MS

[09:52] {lisa_jay} in ms

[09:55] {Threei}  come on market bounce

[09:58] {magoo} im starting to NOT believe in santa anymore

[09:59] {Geo} nawwwwww

[09:59] {Threei}  he still have couple days to convince you

[10:00] {ese} legitimate  complaint under the circumstances.....

[10:01] {Threei}  sharp pullback RIMM

[10:01] {Threei}  42 cross half lot

[10:02] {Threei}  if holding above 41.90

[10:03] {lisa_jay} r u still in MS Vad?

[10:03] {Threei}  yes

[10:05] {magoo} MS slow like this?

[10:06] {Threei}  held back by weak market

[10:06] {Threei}  can be much faster

[10:06] {Threei}  no worky

[10:07] {lisa_jay} Stopped MS.

[10:08] {Onix} stopped ms

[10:08] {magoo} stopped

[10:09] {Threei} Long Setup:  DRYS  .71

[10:09] {Threei}  stop under .60

[10:11] {magoo} vad news POT?

[10:11] {Threei}  couple downgrades

[10:11] {magoo} recent?

[10:11] {Threei}  today

[10:12] {magoo} TY

[10:12] {cosmo} poor harvest?

[10:12] {ese} just about to say that cos

[10:12] {cosmo} :)

[10:13] {Larisa1} buyers are sleeping late today 

[10:13] {Threei}  they are stuck in the snow

[10:14] {cosmo} with solstice party hang overs

[10:20] {lisa_jay} targets for Drys Vad?

[10:20] {Threei}  half at 1:1 for me

[10:20] {Threei}  holding well, want to try and milk it

[10:21] {lisa_jay} ok, thank you.

[10:21] {Threei}  watching AAPL

[10:21] {Threei}  no trade yet, but if market reverses 87 break should be nice setup

[10:23] {Threei}  ideally, want to see tighter botom to form on this pullback, and market jump up to terigger the trade

[10:23] {dino} watching rimm

[10:23] {ese} Long SNDK .66 full lot

[10:24] {ese} want to do a dino here

[10:24] {Threei}  ok... .80 - .85 support AAPL

[10:24] {Threei}  87 break long

[10:24] {dino} es?

06[10:25] * Threei kick NASDAQ in the rear

[10:25] {ese} or the Q's

[10:25] {dino} again please

06[10:25] * Threei kicks DRYS in the rear

[10:25] {dino} rimm sm l .85 risky

[10:26] {dino} too soon

[10:27] {Threei}  AAPL is invalidated

[10:27] {Threei}  maybe bounce scalp off .50

[10:29] {ese} dino don't fail me now!!!  come on SNDK.....

[10:30] {dino} aapl support pretty good around .60

[10:30] {dino} imo

[10:32] {dino} no mkt help

[10:32] {lisa_jay} Drys, stop still under .60 Vad?

[10:32] {ese} take a look at VMED's 1 min chart...... up or dn?

[10:32] {Threei}  under .65 makes sense

[10:33] {lisa_jay} thanks.

[10:34] {Threei}  half out DRYS

[10:34] {Threei}  .82

[10:35] {Geo} jpm strong

[10:35] {lisa_jay} half out .83

[10:36] {Threei}  (CA) REPORTEDLY CANADIAN CONSUMER CONFIDENCE FALLS TO LOWEST LEVEL SINCE 1981 - CONFERENCE BOARD OF CANADA

[10:37] {Threei}  die loonie

[10:37] {lisa_jay} hopefully a double bottom in NQ.

[10:37] {dino} ugh aapl, chickened out

[10:38] {Geo} in JPM from .94

[10:38] {lisa_jay} come on Drys....

[10:39] {dino} qqqq sm l .49

[10:39] {lisa_jay} Ahm...wrong way Drys..

[10:40] {lisa_jay} Stop moved to break even or still .65 Vad on Drys?  Thanks.

[10:40] {Threei}  JPM, cross back over 31 long half lot

[10:40] {Threei}  if holding above 30.90

[10:40] {Threei}  under .70, lisa

[10:42] {Geo} dna

[10:42] {Geo} roche upping offer rumor

[10:42] {Threei}  DNA

[10:42] {Threei}  STRENGTH ATTRIBUTED TO SWISS NEWPAPER REPORT THAT ROCHE MAY BOOST OFFER

[10:43] {Threei}  JPM invalidated

[10:43] {Threei}  out second half DRYS

[10:43] {lisa_jay} yup, sigh

[10:43] {dino}  markets saying "suckers"

[10:44] {magoo} bounce time now imo

[10:45] {lisa_jay} what the?

[10:45] {Threei}  deuce?

[10:46] {lisa_jay} *h*t!

[10:46] {Threei}  low volume jerkiness

[10:47] {Geo} looks like momentum scalping for 10 cents order of day

[10:48] {Threei}  watching RIMM for long if NASDAQ reverses up again here

[10:48] {Threei}  42 is nice support

[10:48] {Threei}  close to a very tight stop

[10:49] {Threei}  .10 break trigger

[10:49] {Threei}  see that big ARCA offer?

[10:50] {Threei}  that's your indication of upward-bound resolve if taken

[10:51] {Threei}  white Christmas for entire Canada first time wince 1971

[10:51] {lisa_jay} JPM still valid Vad?

[10:51] {Threei}  nah

[10:53] {magoo} like butter vad RIMM .11

[10:53] {Threei}  with any market help RIMM is going to .30 - .40 at least, quite possible higher

[10:53] {Threei}  but... market help is a big unknown

[10:53] {magoo} more like 60-.70 ino

[10:54] {Threei}  that would fall into "quite possibly higher" category

[10:54] {Geo} ino = I KNOW

[10:54] {magoo} oh he he

[10:54] {magoo} geo..means i cant type worth a shit

[10:54] {magoo} ino=IMO

[10:54] {dino} black imo

[10:55] {Geo} j/k

[10:56] {dino} black=green, magoo was confused

[10:56] {Threei}  offering half above .30

[10:56] {magoo} im waiting .63

[10:56] {Threei}  andf not telling exact price lewst magoo undercuts me

[10:57] {magoo} can change mind on a dime tho

[10:57] {lisa_jay} stop under 42 Vad?

[10:58] {Threei}  roughly

[10:58] {Threei}  RIMM requires a little padding room

[10:58] {Threei}  while 42 is chart support, its last pullback bottomed out at .97

[10:58] {Threei}  so I'd say .95

[11:01] {Threei}  DRYS, interesated in bounce if falls into 10 quikcly

[11:04] {Threei}  here comes DRYS

[11:05] {Threei}  in

[11:05] {Threei}  stop around .90

[11:06] {Threei}  come on market some intestinal fortitude?

[11:07] {Threei}  half out DRYS

[11:07] {Threei}  stop to under 10

[11:08] {Chaeron} sorry I'm late... good morning all

[11:08] {Threei}  chaeron :)

[11:08] {magoo} C :)

[11:08] {Larisa1} gm Chaeron :)

[11:12] {lisa_jay} Rimm Stopped...

[11:12] {Threei}  good boy DRYS, held 10... now break .15 to confirm double bottom and go

[11:12] {magoo} target vad DRYS?

[11:12] {magoo} .40 area?

[11:12] {Threei}  want something closer to .30

[11:14] {Geo} out rimm

[11:18] {dino} out rimmm flat

[11:18] {lisa_jay} HUN

[11:23] {Geo} sigh

[11:23] {Threei}  second half DRYS no worky

[11:23] {Geo} what were you saying about santa magoo?

[11:23] {Threei}  tooth fairy?

[11:24] {Threei}  easter rabbit?

[11:24] {Threei}  don't tell me they don't exist either

[11:25] {dino} lod's

[11:26] {dino} stages of life, you believe in santa, you don't believe, you become 

[11:26] {Threei}  wow DRYS

[11:28] {dino} sso l .00

[11:31] {dino} qqqqstopped -.16

[11:33] {ese} SNDK stopped .-16

[11:37] {dino} fwiw approaching lows of last week s&p, ndx, dji broke them

[11:40] {Geo} Note this move coming in thin trading...volume on NYSE over the first two hours today is lowest since end of August

[11:40] {Geo} from briefing

[11:51] {lisa_jay} ....

[11:55] {dptl} .

[11:56] {lisa_jay} thanks DP...thought i was disconnected.

[11:56] {Threei}  no, you are fine, that's market that is disconected

[11:57] {lisa_jay} CHS Vad, Long .80 stop below .75

[11:58] {Threei}  market seems to be waking up

[11:59] {Threei}  although volume remains so anemic

[12:00] {lisa_jay} yup, but my head hurts from being a Whack - a - mole

[12:03] {Onix} same here ... lol

[12:03] {Threei}  whiners

[12:03] {lisa_jay} :-)

[12:06] {lisa_jay} FMCN down 18%

[12:09] {ese} back long SNDK with my dino strategy .41

[12:09] {lisa_jay} FMCN jumped 30 c teleportation.

[12:10] {lisa_jay} S*i*t

[12:13] {lisa_jay} i'm pretty sure that if i had bought it at .01, it would have tanked 50c.

[12:15] {Threei}  it just did

[12:15] {lisa_jay} yeah...scary stock.

[12:17] {Threei}  feeling is, market is ready to reverse

[12:18] {Threei}  took 23 cents on FMCN

[12:18] {Threei}  .02 - .25

[12:19] {Threei}  coulnd't resist, support was holding too well

[12:19] {lisa_jay} Yea...was too chicken to buy both times...where would the stop be vad if taking .02

[12:19] {Threei}  just under 9

[12:19] {lisa_jay} lol..i am an extra coward.

[12:21] {ese} vad...which feature of this Trade the news do you use...The "all Scrolling headlines"

[12:21] {Threei}  thrid time is more dangerous lisa

[12:21] {Threei}  tab News Station, eswe

[12:21] {Threei}  ese

[12:22] {lisa_jay} yeah..not taking it formed lower lowor desc. triangle almost.

[12:23] {Threei}  likely to lose 9 this time

[12:24] {magoo} whgich?\

[12:24] {dino}  sm aapl l .60

[12:25] {Threei}  FMCN mags... non-shortable anyway

[12:25] {magoo} drys vad? lose 9?

[12:25] {magoo} ok

[12:28] {lisa_jay} fmcn broke.

[12:28] {Threei}  here we go FMCN

[12:30] {lisa_jay} Reason i did not go long at .01 the first and second time it tested it was that FMCN teleports and was scared it would teleport over stop.

[12:36] {lisa_jay} Drys teleporing between .30 to .40

[12:36] {Threei}  in case you were wondering,

[12:36] {Threei}  (RU) RUSSIA TO REPORTEDLY STOP PORK IMPORTS FROM CERTAIN US PLANTS

[12:36] {lisa_jay} fmcn

[12:37] {lisa_jay} sorry wrong screen

[12:37] {lisa_jay} drys

[12:37] {ese} how much of this news do you find effective vad?

[12:38] {Threei}  I don't know how to answer that ese...

[12:38] {Threei}  keeps me informed... allows to find the news on company of interest

[12:39] {Chaeron} and make jokes of the others

[12:39] {Threei}  that I can do without any help

[12:39] {ese} gotcha!!

[12:41] {Geo} i used to have it ese and they increased the price on me.

[12:41] {dino} only you geo

[12:41] {Geo} After they refused to negotiate, I moved to briefing

[12:42] {Geo} I find it adequate for what I want

[12:42] {Geo} it lags TTn by about 20-30 seconds

[12:42] {Geo} what can i say dino

[12:42] {Geo} I never get good thanksgiving deals too !

[12:42] {lisa_jay} lol

[12:43] {dino} lol geo

[12:45] {lisa_jay} vad u in drys?

[12:45] {Threei}  no... hesitated

[12:45] {Threei}  qwatching if we get pullback to .50 or under

[12:46] {lisa_jay} is that a double bottom?

[12:46] {Threei}  kind of yeah

[12:46] {lisa_jay} ok, thanks.

[12:48] {dino} fxi l sm .24

[12:53] {Threei}  ugh

[12:53] {Threei}  never got my pullback and missed a play completely

[12:53] {lisa_jay} pulled to .55 only

[12:54] {magoo} i missed a fill at .70

[13:03] {Threei}  grrr

[13:14] {Threei}  FNF

[13:14] {Threei}  ANNOUNCES CHAPTER 11 BANKRUPTCY COURT APPROVAL OF AMENDED STOCK PURCHASE TERMS AND NEBRASKA REHABILITATION ORDER TO RELEASE COMMONWEALTH LAND TITLE AND LAWYERS TITLE FROM REHABILITATION

[13:14] {Threei}  huh?

[13:15] {Chaeron} something about Nebraska lawyers needing rehabilitation?

[13:15] {Geo} why nebraska?

[13:15] {Geo} i thought all did?

[13:17] {Threei}  lol

[13:17] {Geo} ok my scanners dead

06[13:18] * Geo checking if he paid up the subscription

[13:18] {Threei}  I even tried to sprinkle the monitor with vodka

[13:18] {Threei}  no help

06[13:18] * dptl slaps Threei around a bit with a large trout

[13:18] {Geo} i am all about the christmas spirit

[13:18] {Geo} drinking spiked eggnog since 9

[13:19] {ese} hard core!

06[13:21] * Geo passes the cups around

[13:22] {ese} paper?

[13:24] {Geo} waterford for you ese

[13:26] {Geo} vad........ no russian jokes?

[13:26] {Threei}  only funny ones geo, and I am not telling those

[13:26] {Geo} sheesh

[13:26] {Geo} yup you have a track record to protect

[13:27] {Threei}  korrekt

[13:27] {Threei}  I spent years building up my reputation of being decisively not funny

[13:27] {Threei}  not going to ruin it with one uncharacteristically and unfortunately funny joke

[13:32] {Threei}  first (latest) 4 photos at http://www.flickr.com/photos/36948132@N00/, for your seasonal viewing pleasure

[13:33] {Threei}  DRYS is back into .50 support

[13:33] {KSystems} is that your tree @home?

[13:33] {Threei}  yup

[13:35] {lisa_jay} Anyone green for the day?

[13:36] {dptl} my christmas tree :) Lisa

[13:37] {lisa_jay} You need to hang some lights on it.

[13:37] {dptl} they all green

[13:38] {lisa_jay} Nice...a reflection of your trading account.

[13:38] {dptl} well......not really lol

[13:44] {ese} not I...down -.18 on full lot

[13:48] {Larisa1} HIG faster selling off 16.50 support, not sure if good for a bounce in this market

[13:49] {Threei}  hard to tell here

[13:56] {dino} fxi stopped

[14:01] {Threei}  one of those days when you wonder why you bothered to wake up

[14:02] {Onix} so true

[14:03] {Geo} .

[14:07] {Geo} -1X here lisa

[14:07] {Geo} dont know if its the market or the eggnog

06[14:07] * Geo doesnt think its him

[14:14] {Threei}  GEOY

[14:14] {Threei}  S&P RAISES RATING TO B

[14:15] {dino} agree 3i

[14:18] {Threei}  HIG's back to 16

[14:18] {Threei}  bounce candidate if market bounces

[14:18] {dino} ok, s&p, ndx, dji all have broken last weeks closing lows (monday)

[14:21] {dino} ouch axys

[14:25] {dptl} so .10 long hig?

[14:26] {Threei}  no

[14:26] {Threei}  it's not a play on its own merit

[14:26] {dptl} i see

[14:26] {Threei}  if market reverses, get HIG

[14:27] {Threei}  whereever it is at the moment

[14:27] {lisa_jay} market selling off but Hig holding 16

[14:27] {Threei}  good

[14:28] {Threei}  makes it better bouncer if market reverses

[14:39] {Threei}  just nothing happens today

[14:39] {Threei}  Santa is drunk somewhere on Nort Pole

[14:39] {Threei}  HIG lost support

[14:39] {Threei}  DRYS won't uptick

[14:39] {dptl} can't understand that hig.........stopped

[14:41] {lisa_jay} Vad, i took .05 on HIG, it went as high as .15...then stopped out .98

[14:41] {Threei}  you had almost 1:2 then

[14:41] {Threei}  why not scalp or partial?

[14:42] {lisa_jay} Yup...did not take it.  I seem to have a problem with greed, looking for .20 on trade.

[14:42] {Threei}  on a day when nothing moves at all?

[14:43] {lisa_jay} Where would you recommmend partialling out.  Thanks.

[14:43] {Threei}  too general

[14:43] {Threei}  every market is different

[14:43] {Threei}  nothing goes much today, why stick aroundf too long

[14:44] {lisa_jay} In a choppy market, and catching bounces, partialling out at 1:1 (or slightly less)?

[14:44] {Threei}  pretty much, until market shows more follow through

[14:45] {Threei}  slightly more than an hour left, and volume is half of Friday's

[14:46] {Threei}  there are just no players to make this market readable

[14:46] {Larisa1} market just waiting untill all traders lose hope and interest. Stay alert :)

[14:47] {Threei}  I need scotch tape to keep eyelids open then

[14:48] {Larisa1} Geo can pinch you from time to time

[14:48] {Threei}  I am not taking any pinching from males

[14:48] {lisa_jay} I am not pinching...but my kids say i have a voice like a whip.

[14:48] {Larisa1} lol

[14:49] {Threei}  as long as we have text only room... fine with me :)

[14:49] {lisa_jay} Hig really wants to go...Market do your thing.

06[14:51] * Geo text only pinches vad

[14:52] {Threei}  see that 2x4 spinning above my head geo?

[14:53] {Geo} larisa made me do it

[14:53] {Threei}  that's my natural defences agains male advances

[14:54] {Threei} Long Setup:  DRYS  .50 break if stays above .40

[14:54] {magoo} in DRYS

[14:55] {Threei}  come on, last hour rally

[14:58] {lisa_jay} in .51

[14:59] {Threei}  jeez

[14:59] {Threei}  if this one is stopped, I give up

[14:59] {Larisa1} we did not even consider any shorts today because of traditional Santa rally expectations ?

[14:59] {Threei}  ok, I give up

[15:00] {Threei}  irreparable day

[15:01] {Threei}  I am not comfortable shorting boring low volume market

[15:01] {wishbone} why is low volume bad vad?

[15:01] {Threei}  rallies appear out of nowhere in such environemnt, and their speed and strength can be devastating

[15:01] {Larisa1} can explode any time

[15:01] {wishbone} ok ty

[15:02] {Threei}  none came today

[15:03] {Geo} stopped

[15:03] {wishbone} ist have day seemed like typical bear action: quick to fall, slow to climb

06[15:03] * Geo taking jug of eggnog and going home

[15:03] {dino} good idea

[15:13] {Threei}  even jumper FMCN stalled

[15:15] {Threei}  that was rude DRYS

[15:17] {Onix} absolutely!

[15:22] {peterg} ok boring low volume mket good mornng all, i mean afternoon

[15:22] {Threei}  EPIX

[15:22] {Threei}  ANNOUNCES FDA APPROVAL OF VASOVIST (GADOFOSVESET TRISODIUM)

[15:22] {Threei}  - Approved for marketing its novel blood pool magnetic resonance angiography (MRA) agent, Vasovist (gadofosveset trisodium), to evaluate aortoiliac occlusive disease (AIOD) in adults with known or suspected peripheral vascular disease. AIOD occurs when iliac arteries become narrowed or blocked and may prevent the sufficient transport of oxygen and/or blood throughout the body.

[15:22] {Threei}  hi peter

[15:23] {peterg} Checking in from seven mile beach with a lousy connection, so instead of trading, I have to drink

[15:23] {Threei}  much better choice as far astoday is concerned

[15:23] {peterg} 85 degrees sunny soft waves laving the beach

[15:24] {dino} poor guy

[15:24] {Threei}  we hate you

[15:24] {wishbone} lol

[15:24] {Geo} life is tough

[15:24] {peterg} could be worse.

[15:24] {Larisa1} we love our snow.  it is very soft and wavy too.. right vad ?

[15:25] {peterg} Yah, minnesota is snow socked--just got out in time.

[15:25] {peterg} btw, what time is it EST?

[15:26] {Larisa1} 3:26

[15:26] {peterg} thank larisa

[15:26] {Larisa1} yw

[15:26] {wishbone} Larisa are u in victoria too?

[15:27] {Larisa1} no, I am in Mochigan

[15:27] {Larisa1} o=i

[15:27] {wishbone} ok

[15:28] {peterg} fellow Midwesterner

[15:29] {Larisa1} vad, can RIMM bounce with a market, was fighting all day

[15:30] {Larisa1} or we gave up ?

[15:33] {Threei}  doesn't look like it has fighting chance

[15:38] {Threei}  sudden jump in the market

[15:41] {Threei}  I guess i asked for a losing day for quite a while

[15:41] {lisa_jay} :-)

[15:41] {Threei}  should have gotten it finally sooner or later, lol

[15:41] {lisa_jay} Hope it is out of your system now.

[15:41] {Threei}  lol

[15:41] {Threei}  good one

06[15:41] * Geo slaps Threei around a bit with a large unjinxing roll of cash

06[15:42] * Threei humbly takes beating

[15:42] {lisa_jay} I should have waited for you to have a losing day before trading with size.

[15:42] {Geo} wo

[15:42] {Geo} dont know hot to respond

[15:42] {Geo} HOW

[15:43] {dino} 3:40 jump as usual 3i

[15:43] {Threei}  3 minutes too early today

[15:44] {Threei}  Larisa was right on RIMM

[15:44] {Threei}  this news put me ioff, don't know what to make off it:

[15:44] {Geo} she cant reply

[15:45] {Geo} she is busy counting money

[15:45] {Threei}  CERTICOM BOARD(CIC.CA) RECOMMENDS REJECTION OF 'SIGNIFICANTLY' UNDERVALUED HOSTILE BID FROM RIM

[15:45] {Threei}  - After a thorough review involving both the Special Committee of independent directors and its financial and legal advisors, the Board found the RIM bid to be significantly undervalued, opportunistic and not in the best interests of Certicom shareholders.

[15:45] {Threei}  - Among other things, the Board found that, at $1.50 per share, the RIM offer does not provide fair value for Certicom''s cash on hand and the significant potential tax assets that could be available to a taxable Canadian corporation - such as RIM. Further, RIM''s hostile bid undervalues both Certicom''s valuable and unique industry-leading data encryption technology and the recent progress the Company has made in implementing its strategic plan.

[15:45] {Threei}  and DRYS... you WERE rude to us today

[15:45] {Larisa1} RIMM under 41 was due for a bounce with any market strength. too bad market is too freaky today

[15:46] {peterg} what hapened RIMM? no laser connection rrrrrr

[15:46] {Geo} umm peterg

[15:46] {Geo} you on cayman

[15:46] {Larisa1} lol

[15:46] {peterg} yah

[15:46] {Geo} its kinda sad if youre worrying aboutlaser

[15:46] {Geo} lol

[15:47] {Threei}  went up almost a buck right after Larisa aksed about its bounce and I said don't thnk so, lol

[15:47] {peterg} ah!

[15:47] {Geo} enjoy for us peterg !!!!!!!!!!

[15:47] {peterg} with pleasure, but life is of course always life. blah balh

[15:47] {peterg} hlah blah

[15:48] {dino} hmmm, not sure what to make of that

[15:48] {peterg} me either

[15:48] {peterg} I'll spare you the dark analysis of the meaning of everything.

[15:48] {dino} ty

[15:49] {peterg} So, in paradise, son is having endless fights with girfriend via computer and mopng and sulking bigtime.

[15:49] {Geo} lol

[15:50] {Threei}  how old is he??

[15:50] {Geo} how 

[15:50] {Geo} lol

[15:50] {peterg} Am not allowed to knock him out; he would knock me out. 

[15:50] {peterg} 18 freakin years ld old

[15:50] {peterg} but 12 in heart

[15:50] {dino} ahhh, now i get it

[15:50] {peterg} good kid but geez

[15:50] {dino} teva smackdown

[15:51] {dino} explain about girl #3

[15:51] {peterg}  ah well enjoy! Ill see you tmorow! Good idea dino

[15:51] {Threei}  take care peter, enjoy

[15:51] {dino} he doesn't know her yet but she's out there and better than 1 &2

[15:51] {Threei}  I am afraid to ask about #4

[15:51] {dptl} have a good evening all

[15:51] {peterg} tks ill check back. right one dino

[15:51] {Threei}  take care dp

[15:52] {Threei}  argh DRYS

[15:53] {magoo} I HATE DREYS

[15:54] {Threei}  FDA ISSUES WARNING ABOUT 25 WEIGHT LOSS PRODUCTS CONTAINING UNDECLARED ACTIVE PHARMACEUTICALS

[15:55] {Threei}  serious move on that FDA approval, EPIX

[15:56] {wishbone} ty vad and all.

[15:56] {wishbone} have a good nite

[15:56] {Threei}  take care wish

[15:57] {Larisa1} 3 min to go positive :)

[15:57] {Threei}  lol

[15:58] {Geo} got bumped

[15:58] {lisa_jay} Did you take the Rimm trade Larisa?

[15:58] {Larisa1} I am not trading until jan 1th. Just watching for now

[15:59] {gen} bye everyone

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

[16:00] {lisa_jay} Thanks Vad.  Bye everyone.

[16:00] {Larisa1} bye

[16:00] {Geo} bye all

[16:01] {dino} think, think, think

[16:01] {dino} patience, last two months markups, 3 days each huge moves, do they happen again

Dec 19 2008

Please review the content for the Bahamas Conference in April, 2009. You will find a lot of interesting topics, including five seminars by me. Please fill out the Survey to help finalize the planning.

Quadriple witching day so we decided to stay very picky. It paid off well - 5 calls, 5 winners. That's all she wrote,  great relaxing weekend's ahead.

Session Time: Fri Dec 19 00:00:00 2008

[08:11] {Threei} PRESIDENT BUSH TO MAKE STATEMENT REGARDING AUTO MAKERS AT 9:00AM EST
[08:11] {Threei} {GM F}
[08:15] {Threei} -Note that ABC news analysts Thursday evening speculating that U.S. lawmakers have been working long hours and want to wrap this up and go home for the holiday Friday.{GM F}
[08:34] {Threei} ANNUAL S&P INDEX REBALANCING WILL OCCURING AFTER THE CLOSE OF TRADING ON FRIDAY, DEC 19
[08:34] {Threei} **S&P500 top ten share buys by total $: JPM WFC MER GE ABT ADP T GS XTO PRE
[08:34] {Threei} **S&P500 top ten share sales by total $: XOM MSFT PM COP CVX KFT INTC CSCO MS MRK
[08:34] {Threei} **S&P400 top ten share buys by total $: ORLY ROST JBHT PPDI URBN SAI PCLN ESS PWR VRTX
[08:34] {Threei} **S&P400 top ten share sales by total $: PETM LAMR KBR ADS JLL CDNS NCR DST DWA STLD
[08:34] {Threei} **S&P600 top ten share buys by total $: SF SBNY KDN GFF CCC MSCC LKQX LXP GHL EXR
[08:34] {Threei} **S&P600 top ten share sales by total $: CKH WTNY GDI SPF CY PSSI PRGS BRC IPCC WW
[08:34] {Threei} EXPECTED NASDAQ 100 INDEX CHANGES UPON REBALANCE AFTER THE CLOSE OF TRADING ON FRIDAY DEC 19
[08:34] {Threei} **expected Nasdaq 100 Index changes.
[08:34] {Threei} - Adding: ADP FSLR ILMN JBHT LIFE MXIM ORLY PPDI ROST WCRX URBN
[08:34] {Threei} - Deleting: AMLN CDNS DISCA LAMR LEAP LVLT PETM SIRI SNDK VMED WFMI
[08:46] {Threei} GM
[08:46] {Threei} TO GET $13.4B IN LOANS FROM TARP FUNDS
[08:47] {lisa_jay} Good Morning.
[08:47] {Threei} morning lisa
[08:47] {lisa_jay} We are expecting a foot of snow here in the afternoon.
[08:47] {Threei} yikes
[08:48] {lisa_jay} All schools closed.
[08:49] {magoo} morning
[08:49] {lisa_jay} Hi Magoo
[08:49] {Threei} magoo :)
[08:49] {Threei} GM, CHRYSLER TO GET $13.4B IN SHORT TERM LOANS FROM TARP FUNDS
[08:49] {Threei} - Firms will need to comply with limits on executive payment and elmination of corporate jets
[08:49] {Threei} - Second $4B tranche to be made available in Feb from second half of TARP
[08:50] {Threei} again with those jets
[08:50] {Threei} how stupid is that
[08:50] {Onix} Good morning pilgrims
[08:50] {Threei} yeah, jets is the problem
[08:50] {Threei} onix :)
[08:50] {lisa_jay} Hi Onix
[08:50] {Threei} - Government to have the power to block any transactions made by the companies over $100M
[08:51] {Threei} - Government to have the power to block any transactions made by the companies over $100M
[08:51] {Threei} - Manufactoreres need to be in compliance with MPG legislation
[08:51] {Threei} - Senior government debt to be senior to all other debts outstanding
[08:52] {Threei} - Can not issue dividends while debts are still owed to US gov
[08:53] {magoo} RIMM hit 41.50 afterhours last nite
[08:54] {Threei} - automakers must reduce debt by 2/3 in equity swap
[08:54] {Threei} - Terms are subject to negotiation
[08:54] {magoo} its active this a.m
[08:54] {Threei} did AIG et all got 1% of all these terms?
[08:56] {magoo} bush on tv at 9 a.m vad
[08:56] {magoo} u watching F GM?
[08:56] {Threei} 08:11] {Threei} PRESIDENT BUSH TO MAKE STATEMENT REGARDING AUTO MAKERS AT 9:00AM EST
[08:56] {Threei} yeah
[08:56] {Threei} but I don't expect them to fare well with all this
[08:57] {Threei} this is not a solution, this is just what was expected: kicking the can down the road
[08:57] {Threei} keeping them afloat until Obama takes over
[08:57] {Onix} true
[08:58] {Threei} why not adress the problem at the root
[08:58] {Threei} people are not buying cars, with credit troubles etc
[08:59] {Threei} so why not apply all these funds exactly there,
[08:59] {Threei} giving govt subsidy or call it whatever you want, to any buyer for the next X months
[09:00] {Threei} cars will start moving, buyers will save, indusstry gets out of gridlock
[09:00] {Threei} even if temporary, wouldn't it be better band-aid at this point than what they suggest?
[09:01] {Threei} they want stimulate spending, don't they
[09:01] {Larisa1} morning all :) so much snow, and can not blame Al Gore, it is like this every winter :)
[09:01] {Threei} morning Larisa
[09:01] {Onix} unbelievable that clever people can act so stupid
[09:01] {Threei} come on, go ahead and blame him anyway
[09:01] {Larisa1} ok :)
[09:01] {Onix} hi larisa
[09:02] {Larisa1} threei, onix :)
[09:02] {Threei} not even speaking of social aspect
[09:02] {Threei} for once, help out the ordinary taxpayer
[09:02] {Larisa1} what the futures were at their low did they even react ?
[09:02] {Raven} Snowy, sleety (?) morning all :)
[09:02] {Threei} Raven :)
[09:03] {Larisa1} morning raven :)
[09:03] {Threei} they did a little larisa
[09:03] {Threei} not huge
[09:03] {Larisa1} k
[09:03] {Threei} and for Pete sake, stop with idiotic "corporate jets"
[09:03] {Onix} hi raven
[09:03] {Threei} do they really expect CEO of GM fly commerical from meeting to meeting?
[09:04] {Larisa1} and use public bathroom :)
[09:04] {Threei} that I don't care about ::)
[09:04] {Raven} those dipshits ought to have teleconference meetings
[09:06] {Raven} empty suits flying around in private jets to shake each other's hands in the height of stupidity
[09:06] {dawg} gm all
[09:06] {Threei} dawg :)
[09:06] {lisa_jay} Hi Dawg.
[09:06] {KSystems} good morning!!
[09:06] {KSystems} Expiration day today?
[09:06] {Threei} ks :)
[09:06] {lisa_jay} Hello KS.
[09:07] {dawg} hello Lisa
[09:07] {KSystems} hey lisa
[09:07] {Threei} quadriple witching KS
[09:07] {Larisa1} dawg, lisa, KS :)
[09:07] {KSystems} larisa :)
[09:07] {dawg} gm Larisa1
[09:07] {lisa_jay} Hi there Larisa.
06[09:08] * Threei slaps laserdave1 around a bit with a large cap of purified caffeine
[09:09] {Geo} gm all
[09:09] {Threei} Geo :)
[09:09] {lisa_jay} Hi Geo.
06[09:09] * magoo slaps laserdave1 around a bit with a large B 12 injection along with iron supplement
[09:09] {Threei} mags, ever since you loaded that brilliant csript by KS your creativity is spilling over the rim
[09:10] {magoo} u like that one eh?
[09:10] {Threei} love'em all
[09:10] {laserdave1} laserdave1 slaps magoo around a bit with a level II window
[09:11] {Threei} see how pathetic dave's one looks when he has no script?
[09:11] {cosmo} geez ... forgot the B-12 ...again
[09:11] {Threei} lol cosmo
[09:11] {cosmo} :)
[09:11] {cosmo} sigh....its all algore's fault...lars knows
[09:12] {Larisa1} lol
[09:12] {Threei} it is
[09:12] {lisa_jay} ORCL
[09:12] {cosmo} :)
[09:13] {Threei} I put him right there next to Alan Greenspan in terms of being to blamed for everything
[09:13] {cosmo} hmmm
[09:14] {dino} gm all
[09:14] {Larisa1} Alan said it all will get better in 6 months
[09:14] {Larisa1} gm dino
[09:14] {Threei} dino :)
[09:14] {lisa_jay} hi Dino
[09:14] {cosmo} better ... but for who?
[09:14] {Threei} yeah
[09:14] {Larisa1} for people still alive :)
[09:15] {Threei} reminds me old soviet joke
[09:15] {Threei} Communist Party leader from the tribune:
[09:15] {Threei} Next year our life is going to be much better!
[09:15] {Threei} weak voice from the audience:
[09:15] {Threei} What about ours?
[09:16] {Onix} morning dino
[09:16] {Larisa1} pessimist
[09:16] {dptl} good morning all
[09:16] {Threei} dp :)
[09:16] {Threei} please read the first post at the following link for more informal details on Bahamas conference
[09:16] {Threei} http://caracommunity.com/content/caras-commentary-community-chat-fri-dec-19-2008
[09:16] {Onix} hi dp
[09:17] {_elepet} p
[09:17] {dptl} :)
[09:17] {Threei} elepet :)
[09:17] {dino} i don't get how they changed the rules again....govt debt senior tyo all others, they just screwed all the bond holders that have been there for years
[09:17] {dino} these bond holders would have owned the assets, now what do they owen?
[09:17] {dino} own
[09:17] {dino} artc
[09:17] {Threei} they are rulemakers... who is to tell them what rules should or should not be...
[09:18] {dino} it is b.s.
[09:18] {cosmo} the deciders?
[09:18] {dino} i loan you money, take 1st mortgage and then govt comes in later and pushes me down the line
[09:18] {Threei} but dino... they did set a condition to do away with corporate jets
[09:18] {dino} yeah, big whoop
[09:19] {Threei} {--- sarcastoc and jaundiced
[09:19] {KSystems} jeez, cant you install an auto-kick for everyone mentioning "corporate jet" once again
[09:19] {dino} i know
[09:19] {cosmo} hybrid jets might work.....
[09:19] {Threei} but KS... that would be me who will get kicked
[09:19] {dino} i just am upset w/rule changes in the middle of game, 1st no shorts, now this
[09:19] {Threei} bu dino... did you guys not vote for the change
[09:20] {cosmo} its a tradition, 3i
[09:20] {dino} i voted mccain
06[09:20] * Threei 's sarcasm and jaundicity increases by day as he moves closer to senility
[09:21] {cosmo} ron paul here
[09:21] {dino} the socialism of america
[09:21] {Threei} why oh why am I not 80
[09:21] {Threei} I really don't want to see what's at the end of this road
[09:22] {Threei} GM got unduly happy
[09:22] {Threei} whatever... dino, come to Bahamas and we will have nice juicy drink with no drop of juice in it
[09:23] {dino} hopefully
[09:23] {Threei} filled the survey for now?
06[09:24] * Threei slaps magoo around a bit with a large survey for Bahamas conference
[09:25] {dino} i will tonight 3i
[09:25] {Threei} cool
[09:26] {Threei} ok guys
[09:26] {Threei} quardiple witching
[09:27] {Threei} let's keep it to half lot for now until we see what transpires,
[09:27] {Threei} let's skip first 5-10 minutes,
[09:27] {Threei} let's be picky and relaxed,
[09:27] {Threei} and let's blame Greenspan and Gore for any stop we may have today.
[09:28] {ese} morning
06[09:28] * Threei slaps laserdave1 around a bit with a large reminder that people are trying to dcc him
[09:29] {Threei} ese :)
[09:29] {lisa_jay} orcl up 5%
[09:29] {Threei} F
[09:29] {Threei} NOT SEEKING SHORT-TERM GOVT LOANS, WELCOMES FINANCIAL SUPPORT FOR GM AND CHRYSLER, SAYS STILL SEEKING $9B CREDIT LINE
[09:29] {Threei} F may be better player than GM actually
[09:30] {dino} stronger
[09:30] {Threei} yup
[09:30] {Threei} 3.26 if holding above 3.15?
[09:31] {peterg} Morning!
[09:31] {Threei} peter :)
[09:31] {Threei} oil 35?
[09:31] {Threei} sheesh
[09:31] {Onix} hi peter
[09:31] {Threei} opullback entry looks better for F
[09:32] {peterg} Big O
[09:32] {Threei} TREASURY SEC PAULSON: LOANS FOR THE AUTOMAKERS WILL PREVENT SIGNIFICANT DISRUPTIONS TO THE US ECONOMY: SECOND HALF OF $350BN IN TARP FUNDS WILL BE NEEDED TO SUPPORT OVERALL MARKET OPERATIONS
[09:32] {Threei} - Automakers will need to make significant restructuring actions to provide for long term viability
[09:32] {Threei} - Auto bailout plan will put companies on a path to independent viability
[09:32] {Threei} - Loan will prevent the possibility of sever economic disruptions
[09:32] {Threei} - Will meet with Congress to dicuss 2nd half of TARP release in near future{GM F}
[09:32] {ese} long VMED .77
[09:32] {ese} sorry that .76
[09:34] {Threei} Long Setup: F 3.13 if stays above 3.05
[09:35] {cosmo} i never thot i'd buy another "F" again...
[09:37] {Threei} doesn't look like you will
[09:37] {cosmo} ...maybe next year...
[09:38] {Geo} drys blood
[09:39] {Threei} bounce candidate soon
[09:40] {Larisa1} HIG selloff but no vol so far
[09:40] {lisa_jay} PAY
[09:41] {dino} -7 baltic index fwiw
[09:42] {Threei} Long Setup: HIG .80 break half lot
[09:42] {Threei} stop under .70
[09:44] {lisa_jay} In Hig at .81
[09:44] {lisa_jay} Target vad?
[09:45] {Threei} over .90
[09:45] {Threei} hard to tell scalp or half
[09:46] {Threei} there you go
[09:47] {Threei} solidly over 1:1, your decision
[09:47] {lisa_jay} Sold at .98 17c thanks Vad.
[09:47] {Threei} welcome
[09:47] {Geo} out at 1:2
[09:47] {Threei} who held, get out here
[09:47] {magoo} WOW HIG vad nice
[09:47] {Geo} ty
[09:47] {lisa_jay} S*** should have partialed
[09:47] {lisa_jay} Oh boy
[09:47] {Threei} lol
[09:47] {Geo} you gotta be greedy lisa :)
[09:48] {Threei} scalper's regret central
[09:48] {lisa_jay} Hope you all are holding....will be very happy for you.
[09:48] {Threei} credits to larisa for bringing it to attention btw
[09:48] {Geo} i should have the 1/4
[09:48] {lisa_jay} Thanks Larisa.
[09:48] {KSystems} 1/2 our .92, 1/4 out .04
[09:48] {Threei} can I go home?
[09:49] {Larisa1} no, we will bring stocks to your attention and you call it for us :)
[09:49] {KSystems} rest out .28
06[09:49] * Geo slaps Threei around a bit with a large get back to work banner
[09:49] {Threei} you realize that you base it on assumption I can read?
[09:49] {lisa_jay} I should go home...sigh. I am home though.
[09:50] {Geo} man hig
[09:50] {Geo} snifffff
[09:50] {Threei} what's with GERN
[09:51] {Threei} thing is crawling toward 5 wich is major breakout
[09:52] {dino} mwiv sm l .10
[09:52] {Threei} WHITE HOUSE: REITERATES THAT AUTOMAKERS ARE CURRENTLY NOT VIABLE ENTITIES
[09:53] {Threei} {automakers} you... you... sniff... YOU are not viable!
[09:58] {dino} then i guess dinner and drinks are out
[09:59] {cosmo} unless you fly first class...
[09:59] {dino} ahhh
[10:00] {lisa_jay} FMCN strong
[10:00] {Threei} Long Setup: DRYS .50 break if stays above .30
[10:01] {Threei} NASDAQ new high would be very helpful
[10:02] {magoo} in drys
[10:02] {dino} crdn sm l .67 stop .43
[10:02] {Threei} spiky time NQ
[10:02] {Threei} jump over that 1230 in one swoop
[10:02] {Threei} and make us heppy
[10:03] {Threei} hippy?
[10:03] {dino} happy
[10:03] {Threei} hoppy
[10:03] {Threei} oh... dino's right
[10:03] {KSystems} häppy?
[10:03] {Threei} lol
[10:03] {Geo} heppy = hep and happy
[10:03] {Threei} hp and happy
[10:03] {Threei} hip
[10:04] {Threei} NQ spiked to 1229.5
[10:04] {Threei} retreated a bit but should break now
[10:05] {Threei} let's trail DRYS to under .40 when it breaks .60
[10:05] {Threei} there
[10:06] {magoo} u got half or full
[10:06] {Threei} NQ retreat, DRYS holding
[10:06] {Threei} 1:1 almost
[10:06] {Threei} full, but mostly because I forgot to halve it
[10:07] {Threei} half out .67
[10:08] {lisa_jay} Hlaf out .69
06[10:08] * Geo slaps Threei around a bit with a large extra keyboard
[10:08] {dino} crdn stopped -.24
06[10:08] * Geo is in slap happy friday
[10:08] {lisa_jay} Next lot Vad, where to sell? Thanks.
[10:08] {Threei} good boy DRYssy
[10:09] {Threei} whereever lisa... honestly :)
[10:09] {Threei} no way to tell
[10:09] {Geo} previous res mabe a good place to peel some out
[10:09] {Larisa1} 11.80 was high on previous spike
[10:09] {cosmo} .59
[10:09] {Threei} I am out
[10:09] {Larisa1} right Geo :)
[10:09] {Threei} .79
[10:09] {Geo} also close to prev low
[10:10] {Geo} out
[10:10] {Geo} was trailing close
[10:10] {Threei} I address all Russian-speaking in the room... am I delusional or DRYS name really reminds of diahhrea?
[10:10] {magoo} out
[10:10] {Geo} thanks for a good friday lord vader
[10:10] {Threei} welcome Geo
[10:11] {lisa_jay} Out all .78
[10:11] {Geo} scanners crazy today
[10:11] {lisa_jay} Thanks Vad.
[10:11] {Threei} lisa :)
[10:11] {Geo} hmmm rinse on trail
[10:11] {Threei} here comes NQ break
[10:11] {Geo} prev res tagged
[10:12] {Threei} russian-speaking don't even want to talk to me... all three of them
[10:13] {cosmo} 3i.... its dislexia i think
[10:13] {Geo} we have 3?????
[10:13] {Threei} which puts them right there with all others including swuahili-speaking
[10:13] {Geo} whose the 3rd?
[10:13] {dino} sm l avav .51
[10:13] {Geo} magoo?
[10:14] {Threei} I am a guardian of privacy geo... won't tell you until he admits it himself
[10:15] {cosmo} DRYS .59 stop for investors...
[10:15] {Geo} heheh new category
[10:15] {cosmo} its relative
[10:15] {Geo} bull market starting?
06[10:15] * Geo likes to invest in lead and gunmetal
[10:16] {Threei} actually, it's bear that makes a lot of new investors...
[10:16] {Threei} by the principle: investment is a day trade gone baad
[10:16] {Geo} heheh
[10:16] {dino} snow starting, getting 12"+
[10:16] {Threei} oh boy
[10:17] {patience} patience stunned into silence with the thought of that much snow
[10:17] {lisa_jay} We are waiting Dino....kids are on the look out.
[10:17] {cosmo} must be fun
[10:18] {dino} kids home here too
[10:19] {dino} magoo, slap me, twice i've entered buys w/ wrong symbol loaded
[10:20] {magoo} nice call on naz vad
06[10:21] * magoo slaps dino around a bit with a large new pair of reading glasses
[10:21] {lisa_jay} Cosmo, you still holding Drys?
[10:21] {_elepet} still in drys from .54
[10:21] {cosmo} .89 for investors...
[10:22] {cosmo} :)
[10:22] {magoo} inWestors he he
[10:22] {lisa_jay} Greed is good Lisa....Greed is good Lisa....Greed is good Lisa.
[10:22] {dino} indeed
[10:23] {Geo} greed drives human civilization
[10:23] {cosmo} its all those stimulants i say
[10:24] {magoo} vad, couldnt conference be in alaska in feb?
[10:24] {dino} then say it
[10:24] {magoo} prob with bahamas is dino not gonna look to good on beach if u know what i saying {or vad for that matter}
06[10:25] * Geo mulls over that piece of overshare
[10:26] {Threei} but magoo... I am going to be in suit and tie
[10:26] {lisa_jay} lol
[10:27] {cosmo} i'll never wear a tie again
[10:27] {magoo} on the beach??
[10:28] {Threei} yes
[10:28] {cosmo} maybe a wet suit
[10:28] {Threei} I have to maintain that distinguished guru look
[10:28] {Geo} the tie is agood napkin
[10:28] {Threei} if I told you a story behind that photo on a homepage you'd die laughing
[10:29] {Threei} something seems to be brewing on GERN
[10:30] {dino} coffee brewing here
[10:30] {magoo} need cup-o-joe
[10:30] {lisa_jay} the coffee maker fixed Dino?
[10:30] {KSystems} thats a wonderful idea dino
[10:30] {magoo} exploded this morn on magoo
[10:30] {KSystems} lets just not forget enough milk
[10:30] {Threei} yuck
[10:30] {dino} old one in use
[10:31] {dino} magoo messed it up this morning
[10:31] {Threei} milk in coffee... ultimate definition of perversion
[10:31] {dino} wants landlord to buy a new one, i'm going over lease
[10:31] {magoo} cheap bastard
[10:31] {magoo} i drank all his beer last nite tho
[10:32] {Threei} GERN is a tough stock to call
[10:32] {Threei} if you don't mind stop under .60, .75 brwak maybe worth it
[10:33] {Threei} requires patience
[10:33] {Threei} shakeout central
[10:33] {lisa_jay} lot size vad?
[10:33] {magoo} blizzard here
[10:33] {Threei} let's put this stock in "highly discretionary" category
[10:34] {Threei} as one of our original members chuck used to call it, serial disappointer
[10:34] {lisa_jay} ok, thanks.
[10:34] {Threei} seems to be under accumulation, nice volume too
[10:35] {Threei} but this kind of accumulation may reslove in a very different timeframe than what we use
[10:35] {magoo} focus elsewhere boss paaaalease
[10:35] {magoo} u obsess all day on a dimer
[10:36] {magoo} give me a read on something lil quicker like POT
[10:36] {Geo} really thin
[10:36] {magoo} thank u geo...ive been working out
[10:36] {Geo} lol
[10:37] {magoo} for the girls here
[10:37] {magoo} patience, lisa & larisa
[10:37] {lisa_jay} It shows.
[10:37] {patience} looking forward to seeing the results magoo
[10:37] {cosmo} pot?
[10:37] {magoo} calm down cos
[10:38] {cosmo} yes...its good for that
[10:38] {cosmo} i supose
[10:39] {Threei} talk about junk food:
[10:39] {Threei} 10:36am [EAT] Moodys lowers senior unsecured rating to junk
[10:40] {Threei} 10:39:36 ADMIN7 --} (All): Stale INET quotes caused by data provider - we're on them to fix it. For now, make sure autocorrect is enabled, with 0 on all settings on right - Level II tab.
[10:40] {magoo} vad, do i gotta do that auto correct setting? clueless here in laser
[10:40] {Threei} right click level 2
[10:40] {Threei} Level II tab
[10:40] {magoo} ok
[10:41] {peterg} trading seettings
[10:41] {Threei} make sure boxes for autocorrect are checked
[10:41] {Threei} put zeros in boxes to the right on them
[10:41] {magoo} all checked or just top 2?
[10:41] {Threei} top two
[10:42] {magoo} ok ty
[10:42] {dino} magoo, what do you think, +300 dji?
[10:42] {magoo} 500 really
[10:42] {peterg} have level two trading setting up; where autocorrect?
[10:43] {peterg} settings
[10:43] {dino} +500 and i buy you lunch monday
[10:43] {magoo} [10:40] {Threei} Level II tab
[10:43] {Threei} lower section peter
[10:43] {magoo} then bottom
[10:44] {magoo} u giot it peterg?
[10:44] {lisa_jay} nq testing highs
[10:45] {peterg} not sure; what is lower section of what?
[10:45] {magoo} wow, worse than magoo vads...refreshing lol
[10:45] {Threei} trading settings, level ii tab
[10:46] {Threei} there is a section titled autocorrection
[10:46] {peterg} ok
[10:46] {peterg} ok got it thanks
[10:47] {peterg} check with 0; 0.5
06[10:47] * magoo slaps peterg around a bit with a large brand spankin new laser manuel guarenteed to never been opened by original owner magoo
[10:47] {peterg} checked enabled with a zero and a zero point five
[10:47] {peterg} that fedels feels good
[10:48] {peterg} why is laser manual written in aramaic?
[10:48] {Threei} change second to zero as well
[10:48] {magoo} OH OH VVAD
[10:49] {magoo} VAD
[10:49] {magoo} i forgot to save settings...can u help me AGAIN
[10:49] {Threei} what?
[10:50] {Geo} sheesh
[10:50] {Geo} rimm paid nicely in meanwhile
[10:51] {dino} avav stopped flat, lousy entry
[10:54] {dino} sm l uso .25
[10:54] {laserdave1} LASER TRADERS
[10:55] {magoo} OY
[10:55] {laserdave1} if anyone has issue of stuck quotes
[10:55] {laserdave1} please dcc me
[10:55] {laserdave1} and i will send you an email on how to fix this
[10:55] {laserdave1} My level II is perfect now
[10:55] {Threei} why don't you just post here
[10:55] {laserdave1} its a screenshot
[10:55] {Threei} ah
[10:56] {magoo} shit my AAPL quotes are stuk dave
[10:56] {Threei} then post text here and make a ,lot of hand gestures to explain the rest
[10:56] {laserdave1} there are quite a few little settings to copy
[10:56] {laserdave1} but takes 2 secs if u have visual
[10:56] {Threei} send me please
[10:56] {laserdave1} ok email coming magoo
[10:56] {laserdave1} and to you Vad
[10:56] {Threei} just so I have it to send if you are slacking
[10:57] {laserdave1} me slack
[10:57] {laserdave1} is the market open now?
[10:57] {Threei} we know
06[10:57] * peterg slaps magoo around a bit with a large large but not unattractive diorama of early Neanderthal crouched by cave with pet Mastodon and fire keeping hyenas at bay
[10:57] {magoo} i guarentee its gonna take me more than 2 seconds SIGH lol
[10:57] {peterg} sorry if bad timing
[10:58] {Threei} wow peter
[10:58] {Threei} where did you get that picture of mine?
[10:58] {peterg} didn't need the double large
[10:58] {peterg} Came in through the bathroom window
[10:58] {peterg} Joe Cocker song
[10:59] {lisa_jay} .
[10:59] {Threei} I knew that neanderthal with long-focus Canon lens from the neighbour tribe was paparazzi
[10:59] {peterg} lol
[10:59] {Threei} should have eaten her
[11:00] {peterg} ok, off for hr
[11:01] {Threei} GM Ceo on TV in a min
[11:02] {magoo} HEY DAVE...it worked THANX
[11:04] {laserdave1} nprobs
[11:04] {magoo} coulda used u yesterday SLACKEr
[11:04] {magoo} HE HE just kidding
06[11:08] * magoo slaps laserdave1 around a bit with a large newly patented electrical shock alarm clock
[11:09] {laserdave1} i just got the new fix from them
06[11:09] * Chaeron slaps laserdave1 around a bit with a large trout
[11:09] {Chaeron} send me too slacker
[11:10] {Chaeron} good morning all
06[11:10] * peterg slaps magoo around a bit with a large preposterous, but not too vulgar representation of Elvis in his white leathers crooning in Las Vegas
[11:11] {magoo} OY
[11:11] {Threei} chaeron :)
[11:11] {peterg} thought you'd appreciate
[11:13] {Larisa1} morning Chaeron :) you better come help to clean my driveway or I am sending 10+ to California! :)
[11:14] {magoo} where u located Larisa?
[11:14] {Larisa1} not telling you
[11:14] {magoo} lol
[11:14] {Larisa1} you scare me magoo
06[11:15] * Chaeron coming up with a flame-throwing tank
[11:15] {Larisa1} :)
[11:15] {Chaeron} Larisa is smart cookie
[11:15] {Threei} no wonder larisa.... magoo scares himself, to the point of soiling himself when faces mirror
[11:15] {Geo} too much detail vad
[11:17] {Threei} just couldn't help but chuckle when remembered a joke about a special forces guy's explanation why he missed an assignment
[11:18] {Threei} put all the ammunition all over himself, jungle face makeup etc, then accidentally looked in the mirrow before leaving home...
[11:21] {dptl} Dave dcc pls
[11:21] {dino} ok 3" of snow already and still snowing hard
[11:24] {magoo} vad u watcjhig DRYS?
[11:25] {magoo} boubncer
[11:25] {Threei} cabn't tell bouncer or breakdowner
[11:27] {dino} uso stopped -.28
[11:28] {dptl} Dave......dcc pls
06[11:29] * Threei slaps laserdave1 around a bit with a large attention-getter on behalf of dptl
[11:29] {dptl} lol.....ty
[11:33] {lisa_jay} q's moving
[11:34] {Threei} times must have changed greatly since my dating days
[11:34] {lisa_jay} ?
[11:34] {Threei} this line from e-mail I just got puts me at loss
[11:34] {Threei} With the ability to make out for days you'll be the best candidate for girls to spend night with
[11:35] {Threei} who wouyld want to make out for days???
[11:35] {lisa_jay} Sorry i asked ?
[11:35] {Larisa1} lol lisa
[11:36] {Larisa1} vad you do not have to read all junk e-mail you get. Just say NO :)
[11:37] {Threei} but... how do I know it's a junk unless I read it?
[11:37] {dino} ah, vad....don't know how to say this but they are mass emails sent to millions, not just you
[11:37] {Threei} noooooo
[11:37] {Geo} usuaually vd if the headline says
[11:38] {Geo} "liv &%%^$ girls"
[11:38] {Threei} you mean for spammers I am not special??
[11:38] {Geo} its spam
[11:38] {Threei} so it ain't so
[11:38] {Threei} say
[11:38] {dino} no, you are special, as you open them
[11:38] {Threei} my world is crashing
[11:38] {KSystems} LOL
[11:38] {Threei} lol
[11:39] {Threei} I am not listening to you all... next thing you try to tell me I don't get to obtain all those nice moneys from Nigeria
[11:39] {dino} getting rinsed all over, look uso, out at .98, goes .97 then .50
[11:40] {dino} same w/avav
[11:40] {dino} dino's getting mad (george on seinfeld)
[11:40] {Geo} uso gae a bap fill in morningeautifull g
[11:40] {KSystems} dino do you have fixed stops or are you setting them according to the chart?
[11:41] {Geo} lolol
[11:41] {Geo} USO gave a beautifull morning gap fill
[11:42] {dino} fixed
[11:42] {dino} tbsi gap fill
[11:43] {KSystems} i see..how much if I may ask?
[11:43] {KSystems} same for all lots?
[11:43] {dino} .28-.42 depending on stock personality and size
[11:43] {KSystems} k..thanks
[11:43] {dino} markets going for gap fill
[11:45] {Geo} dino pls help me out
[11:45] {Geo} what gap?
[11:45] {Geo} i am always confused about that
[11:46] {dino} ndx 1216 vs 1204, s&p886.9 vs 885
[11:46] {Geo} ok looking
[11:46] {dino} tbsi gap was 9
[11:47] {dino} drys is around 10.30
[11:47] {dino} and so on............................................
[11:47] {Geo} ok got it dino
[11:47] {Geo} thanks
[11:48] {lisa_jay} Dino how to look at gaps...yesterdays close or yesterdays high to todays open...or another way. Thanks.
[11:50] {dino} i look at close, but they don't always fill.
[11:50] {dino} just seem to be magnets during bigger moves
[11:50] {dino} ctrn fast fall
[11:54] {dino} watching afam, vz, hon, mcd
[11:54] {Threei} Short Setup: DRYS .19 half lot
[11:54] {Threei} if stays under .30
[11:57] {lisa_jay} Invalidated Vad?
[11:57] {Threei} yeah
[11:59] {Threei} GM
[11:59] {Threei} FITCH CUTS IDR TO C FROM CCC, NOTES THAT THE DOWNGRADE SIGNIFIES "IMMINENT DEFAULT"
[11:59] {dino} mwiv stop to .19 stuck
[11:59] {Threei} REP FRANK: PLANS TO INTRODUCE TARP LEGISLATION IN EARLY JANUARY, NOTES HE FAVORS THE WHITE HOUSE AUTO INDUSTRY LOAN DEALS
[11:59] {Threei} {GM F}
[12:02] {lisa_jay} Vad, DRYS is an inverse cup and handle?
[12:02] {Threei} yes
[12:03] {Threei} tough read though
[12:03] {Threei} jumps with no warning
[12:03] {lisa_jay} big red bar on nq helped it down
[12:04] {Threei} oh well
[12:08] {dino} mwiv stopped +.19 ave, whoo hoo
[12:09] {ese} outta here everyone....2 shows to do tady and then.............FREE for Chrstmas holidays....see ya monday.
[12:10] {Larisa1} bye ese
[12:10] {dino} cya es
[12:10] {Threei} take care ese
[12:15] {dino} vz l .47
[12:20] {Threei} Long Setup: RIMM 41.10 half lot if stays above 41
[12:23] {Threei} half out .19
[12:23] {Threei} UAW IS REQUESTING THAT PRESIDENT-ELECT OBAMA PLEDGE TO REMOVE CERTAIN CONDITIONS FROM THE AUTO INDUSTRY BAILOUT PACKAGE
[12:23] {Threei} {GM F}
[12:24] {Threei} but of course
[12:24] {KSystems} probably most importantly the ban of corporate jets
[12:24] {Threei} lol
[12:24] {lisa_jay} Missed the trade.
[12:25] {KSystems} RIMM 1/2 out .22
[12:27] {dino} no, the union keeps their planes
[12:28] {KSystems} :-)
[12:28] {Threei} out .32
[12:28] {KSystems} RIMM 1/2 more out .34
[12:28] {KSystems} 1/4
[12:29] {Geo} very nice vad
[12:29] {Threei} :)
[12:29] {KSystems} beauty vad
[12:29] {KSystems} :-*
[12:29] {Geo} was late
[12:29] {Threei} careful ks
[12:29] {Threei} don't call me beauty
[12:29] {Geo} no its beauty, vad
[12:29] {KSystems} out rest .28
[12:30] {Threei} 3 for 3... being picky pays off
[12:31] {Threei} - UAW says it believes the Bush Administration added "unfair conditions" to the package singling out union labor.
[12:32] {Threei} late? it retreated under the trigger after tyriggering
[12:32] {Threei} stop drinking so early geo
[12:32] {Threei} no one but dptl is allowed to do that
[12:33] {Geo} ahh come on\
[12:33] {Geo} spiked eggnog
[12:33] {Threei} and only because being sober he can't tell Buy from Sell
[12:34] {dptl} lol
[12:36] {dino} stopped vz .62, +.15
[12:36] {dino} brb
[12:36] {Threei} heh
[12:37] {Threei} TV asks
[12:37] {Threei} ok, loan, fine, but who will be buying those cars?
[12:37] {Threei} again, back to my suggestion of subsidizing buyers instead of pouring money directly into manufacturing?
[12:38] {Threei} wow RIMM
[12:41] {lisa_jay} Vad, do you manually scan for stocks like rimm, or did it come from filter...thanks.
[12:41] {Threei} this particular one was just from looking at usual suspects
[12:42] {Threei} as NASDAQ started showing signs of bottoming out, looked at the stock that traditionally follows to see if here is a play in it
[12:43] {lisa_jay} Ok, thank you.
[12:44] {lisa_jay} Also, do you prefer longer bases vs. shorter ones as a potential for reversal to upside..or am i just seeing things.
[12:44] {Threei} too general question lisa... sorry, can't answer like this
[12:45] {dino} snowfall at 7" so far
[12:45] {Threei} jeez
[12:45] {lisa_jay} just started for us.
[12:45] {wishbone} what were the signs nasdaq bottoming out vad?
[12:45] {dino} 1561
[12:45] {dino} :)
[12:47] {Threei} it formed something like double bottom at the moment wish... and if you observed the trading, it was just more willing on the upside
[12:47] {Threei} easier upticks, quite stubborn on downticks
[12:47] {Threei} general feeling of upward as part of least resistance was there
[12:47] {dino} for an up day, some pretty big losers out there
[12:48] {dino} the averages just don't reflect accurately whats going on anymore, imo
[12:48] {wishbone} ty vad
[12:50] {dino} hon l .15
[12:50] {wishbone} dino 1561, was that support from yesterday on nasdaq?
[12:51] {lisa_jay} 50% retracement of gap fill.
[12:52] {wishbone} ty lisa
[12:52] {lisa_jay} just guessing Wishbone...not sure.
[12:53] {dino} no was todays low turn, just messing w/ya
[12:53] {lisa_jay} Aw Dino, you made me go do all that work for an answer.
[12:53] {dino} sorry
[12:53] {lisa_jay} :-)
[12:56] {Threei} with any market help RIMM looks to break 42
[12:58] {Threei} break it did eh
[12:58] {lisa_jay} did you take the rimm trade vad?
[12:59] {Threei} yeah
[12:59] {lisa_jay} nice
[12:59] {Threei} out a bit too soon thouigh
[12:59] {Threei} .17
[12:59] {Geo} vad is sneaky
[12:59] {Geo} he didnt make it an OFFICIAL call
[12:59] {Geo} as he is keeping score
[12:59] {Threei} nope
[12:59] {Threei} wasn't really something I'd want to call
[13:00] {Geo} exactly
[13:00] {Geo} no blinking green
[13:00] {Threei} beyond what I consider average risk tolerance
[13:00] {Geo} i took it ..... was sittin from 30s
[13:00] {lisa_jay} nice
[13:00] {Threei} RIMM is way more tame than it used to be
[13:01] {Threei} but still far from fully domestic animal
[13:01] {Geo} what i am realizing is i do better on my own if i reduce my lot size and have wider stops
[13:01] {magoo} laser DCC
06[13:01] * magoo slaps laserdave1 around a bit with a large DCC
[13:01] {Geo} but i take vads his way
[13:01] {Geo} yeah i have memories of whippy rimm
[13:01] {lisa_jay} how different is the size Geo?
[13:02] {Geo} this time 300 only
[13:02] {Geo} see the pullbacks?
[13:02] {Threei} I don't remember myself trading 1000 shares of RIMM before today
[13:02] {Geo} i would be stressed more than that
[13:02] {Threei} today did it twice though
[13:02] {Geo} heheh me to
[13:02] {Geo} feels less whippy
[13:03] {lisa_jay} For such scary stocks (ATR of $4+), your stops are so tiny Vad. Amazing.
[13:03] {Geo} he is a virtuoso
[13:03] {Geo} in entries
[13:03] {Threei} and sucks badly in exits?
[13:03] {lisa_jay} GS yesterday had .20 stop and i only got 5c slippage.
[13:03] {Geo} exits as bit early
06[13:03] * Geo ducks
[13:04] {lisa_jay} Rimm today had 10c slippage.
[13:04] {lisa_jay} sorry 10c stop.
[13:04] {Geo} what????
[13:04] {Geo} ok phew
[13:04] {Geo} i would have said trash your platform
[13:04] {Threei} well, usually RIMM would still require wider stop
[13:04] {Threei} that specific entry just was structured this way
[13:05] {Threei} there was very pronounced support at 41,
[13:05] {Threei} actual long trigger was .15
[13:05] {Threei} but with NASDAQ strengthening, I prefered .10 which was touched once before
[13:06] {Threei} considering that if NASDAQ moves, both will work, .10 and .15
[13:06] {Threei} and if NASDAQ fails, both will fail
[13:06] {Threei} so why not save ourselves 5 cents
[13:06] {Threei} so... a bit on aggressive side which allowed for such tight stop
[13:07] {lisa_jay} Ok, thanks.
[13:07] {Threei} and it took me 10 times as long to type it as it took to decide on that, lol
[13:07] {Geo} you need a mike vad
[13:07] {Threei} I have a mike
[13:07] {Geo} well elarn to understand your accent
[13:07] {lisa_jay} You GG lesson from last week in play here on Rimm, bounce off 42.
[13:08] {Threei} yup, worked too
[13:10] {Threei} battale with union on Canadian side now
[13:11] {Threei} CAW says it cannot give up any of labor costs
[13:11] {Threei} govt says, then big 3 pack and move south
[13:11] {Threei} sigh
[13:12] {Threei} all costs added, comes to $75/h
[13:12] {Threei} over $30 difference vs japanese carmakers
[13:12] {Threei} union says, nah, we are not the problem
[13:13] {Threei} what's with suicidal instincts...
[13:16] {Larisa1} Better to die standing, than to live on your knees
[13:16] {dino} better to rule in hell
[13:17] {dino} than serve in heaven
[13:17] {Threei} to polish it off:
[13:17] {Threei} better to be healthy and wealthy than sick and at war
[13:18] {Larisa1} but again, man who said it died in his 30s i think. was revolutioner
[13:24] {Threei} 42 break again long trigger RIMM
[13:24] {Threei} if holding 41.90
[13:26] {Threei} Toyota will report its first annual loss in 71 years
[13:28] {Geo} in rimm
[13:29] {Threei} on the way back?
[13:29] {Geo} nope on brea :(
[13:29] {Geo} k
[13:30] {Threei} 1:1
[13:30] {Threei} 1:2, out
[13:31] {jmb} Thanks
[13:31] {Threei} 4 for 4
[13:31] {Threei} jmb :)
[13:31] {dawg} out 1:2 thanks Vad
[13:31] {Threei} dawg :)
[13:31] {Geo} nice vad
[13:31] {Geo} ty
[13:31] {Threei} yw
[13:32] {dino} avav sm l .45 stop lod
[13:36] {Geo} anyone still in investor mode in rimm?
[13:36] {Geo} vad we did rather good for a quad witching today
[13:36] {Threei} no kidding
[13:39] {Geo} ddc pls vad
[13:39] {Geo} dcc
[13:49] {dino} out avav .84, +.39
[13:49] {Threei} wtg
[13:49] {dino} ty
[13:49] {Geo} so i have an article on P#$# industry bailout
[13:50] {Geo} anyone wants me to post link?
[13:50] {Geo} what the heck......
[13:50] {Geo} http://www.scholarsandrogues.com/2008/12/19/bailing-out-the-porn-industry/
[13:50] {Geo} dont kick me vad !!!!!!!!!!!!!!
[13:50] {Geo} its christmas forgiveness time
[13:51] {Threei} depends on article's quality
[13:51] {Geo} tounge in cheek funny
[13:51] {Geo} i had to post
[13:51] {Geo} afterall its my neighbourhood
[13:53] {Threei} ok, this may be not funny, but RIMM the same setup again
[13:54] {Threei} 1:1
[13:55] {lisa_jay} sigh, 3 setups missed.
[13:55] {Larisa1} funny Geo :) and correlates very well with vad's earlier outburst :)
[13:55] {Threei} lisa... this one was considerably faster but two before were fine...
[13:56] {lisa_jay} My fault entirely Vad...was busy and had to restart trading application....kids and keyboards.
[13:56] {Threei} 1:2, out
[13:56] {lisa_jay} Nice trade
[13:57] {Geo} this att uverse is killing me
[13:57] {Threei} don't remember RIMM so obedient
[13:57] {Geo} i lost connection for exactly 5 mins
[13:57] {Geo} mirc on laptop
[13:57] {Geo} sigh
[13:58] {dawg} out another 1:2 thank you sir
[13:58] {Threei} welcome
[13:58] {magoo} in rimm
[13:58] {magoo} u out?
[13:58] {Threei} 5 for 5
[13:58] {dawg} right on!
[13:58] {jmb} Thanks
[13:58] {Threei} [13:56] {Threei} 1:2, out
[13:58] {magoo} where?
06[13:59] * Threei slaps magoo around a bit with a large alphabet and instruction how to put letters together in words
[13:59] {Geo} thanks larisa....
[14:00] {Larisa1} ty for laugh
06[14:00] * magoo slaps Threei around a bit with a large manuel on how to profit by not being able to read or follow proper instructions
[14:00] {magoo} out .28
[14:02] {Threei} (CA) CANADIAN PM PLANS TO ANNOUNCE CANADIAN AUTO INDUSTRY BAILOUT PACKAGE ON 12/20 AT 10:30AMET
[14:02] {Threei} {GM F}
[14:04] {magoo} vad, next pullbk Rimm..43 in the cards today
[14:05] {Threei} feels this way but it needs market to go back to its highs
[14:05] {Threei} Qs need to break 30.10
[14:05] {Threei} for RIMM to break 42.50
[14:11] {Threei} it's willing... just some help from market, and could do it easily
[14:11] {magoo} AAPL getting ready too
[14:11] {magoo} but RIMM is better choice
[14:14] {magoo} 2:15 daily crash here
[14:16] {Threei} .50 break coming with just a few Qs upticks
[14:17] {lisa_jay} Trade alert Vad?
[14:17] {Threei} beyond risky lisa
[14:17] {lisa_jay} Ok, thanks.
[14:17] {Threei} and totally market dependent
[14:21] {Threei} no help by market
[14:21] {magoo} 14:15] {magoo} 2:15 daily crash here
[14:21] {magoo} every freakin day
[14:22] {Threei} I don't know if you can call 10 cents drop Qs a crash, really :)
[14:23] {magoo} did i say it was done here}?
[14:33] {Threei} nice and easy RIMM
[14:34] {magoo} in rimm
[14:35] {Geo} man that was a costly shower
[14:36] {Threei} that wasn't a call geo
[14:36] {Geo} true
[14:36] {Threei} so you wouldn't have taken it anyway, you need those green blinking :)
[14:36] {Geo} a bit risky
[14:36] {magoo} it wasn"t??
[14:36] {Geo} indeed
[14:36] {magoo} im in
[14:36] {Geo} hehehe
[14:36] {Geo} maggo is a savant
[14:36] {Threei} you are in on your own greed magoo :)
[14:36] {magoo} out 80
[14:36] {magoo} TY for not calling it
[14:37] {Threei} I just provided running commentary
[14:37] {Threei} lol
[14:41] {Onix} ty Vad, i got 36c + 54c on my 200 in RIMM
[14:41] {Threei} wtg
[14:41] {Threei} I like this RIMM transformation
[14:42] {Threei} still wide enough to sizeable profits but way less volatile and way more manageable
[14:42] {Onix} yes, now i can also trade it a little
[14:42] {Threei} FED'S YELLEN: CLEAR AND STRONG COMMITMENTS ON POLICY ARE NEEDED WHEN RATES ARE NEAR ZERO
[14:43] {Threei} ummm... and when rates are at 10%, commitments can be muddy and fibble?
[14:44] {Onix} lol
[14:45] {Threei} RMBS?
[14:45] {cosmo} could she mean regime change?
[14:45] {cosmo} ...yellen
[14:46] {Threei} RMBS
[14:46] {Threei} HYNIX AND MICRON CONCEDE INFRINGEMENT IN RAMBUS PATENT SUIT
[14:46] {Threei} - Companies to argue that Rambus patents are not valid{MU}
[14:46] {Geo} man rimm is so benevolent today
[14:47] {magoo} if IF mkt powers up in crazy hour...44.50 today imo
[14:49] {Geo} in from .98
[14:49] {Geo} too half out at .19
[14:52] {Geo} out
[14:54] {Geo} its all vads fault........i might have to up daily
[14:55] {Threei} forgive me for spoiling you with profits
[14:55] {Geo} its just wrong i tell ya
[15:07] {Geo} .
[15:08] {Threei} sorry geo... I just shut up, no to spoil you more {G}
[15:08] {Geo} no no vad
[15:08] {Geo} resist temptation by giving in to it
[15:08] {Threei} that's what I did my entire life
[15:09] {Threei} I mean, there is temptation I wouldn't resist fiercely and wouldn't cave in
[15:11] {Geo} down day IMO
[15:12] {Threei} um, correction
[15:12] {Threei} there is NO temptation... etc
[15:13] {cosmo} too deep
[15:19] {Threei} then it's not me
[15:25] {magoo} RIMM held well
[15:26] {Threei} Blagoevich said he is innocent and will strangle anyone who thinks otherwise
[15:27] {cosmo} mkt seems to like that news
[15:28] {Larisa1} of course he is, just tried to find good job for his wife, no crime in it :)
[15:29] {Threei} OK, back to spam mail...
[15:30] {KSystems} who is blagoevich?
[15:30] {Threei} hwey, I can get diploma without actually attending college... wow, possibility are endless
[15:30] {Threei} sheesh, those europians
[15:31] {Threei} Illinois governor accused of trying to sell Obama's senate seat
[15:31] {KSystems} oh ok
[15:32] {KSystems} There are countries in which you can found an official university for a few thousand dollars...
[15:32] {KSystems} and give away degrees
[15:32] {Threei} also, I can buy some fake watch and, as email claims, stop being jealous of rich looking men
[15:33] {KSystems} do they have watches that make rich looking men jealous?
[15:35] {dino} no, just girls
[15:35] {Geo} we in anything?
[15:35] {Threei} in coma
[15:35] {Geo} of course
[15:35] {Geo} vad you should put a copyright sign next to that answer
[15:36] {Threei} in coma ® ©
[15:36] {Threei} one spam e-mail is very frustrating
[15:37] {Threei} it's in german I think
[15:37] {Threei} and I am dying to know wehat they told me
[15:37] {Geo} this hurts me
[15:37] {KSystems} what does it say?
06[15:37] * Geo puts anything vad says with the word spam in it on ignore
[15:37] {Threei} well, one word I understand
[15:38] {Threei} Haben Sie das Gefühl, dass Ihre Potenz waehrend des Sex nachlaesst? Kommen Sie zu frueh? Es lauft im Bett nicht mehr wie frueher?
[15:38] {Threei} Oder haetten Sie einfach gerne laengeren und intensiveren Sex?
[15:38] {Geo} lol
[15:38] {lisa_jay} Lisa covers her little kids eyes.
[15:38] {Threei} lol
[15:39] {KSystems} ummm
[15:39] {Threei} don't
[15:39] {Threei} lol
[15:39] {Larisa1} no need to translate, KS :)
[15:39] {KSystems} OK I will translate...skip that in the log :D
[15:39] {Threei} nah
[15:39] {Threei} don't bother
[15:40] {KSystems} :P
[15:40] {Threei} I understood words intensiveren and produkt
[15:40] {Geo} i get NO spam
[15:40] {Geo} and no i am not sharing my email with you vad
[15:41] {Threei} but then you forfeit all the nigerian money
[15:41] {Geo} hehe
[15:41] {lisa_jay} That's it Vad....next e-mail from me will contain a virus to crash your spam mail...or for good measure just crash all your e-mail system
[15:41] {Threei} oh great
[15:41] {Threei} last source of entertainment
[15:41] {Threei} (and nigerian money)
[15:42] {lisa_jay} Small loss.
[15:43] {Threei} don't say that... 8 millions from one e-mail, 20 from another, pretty soon we are talking real money
[15:43] {KSystems} hrmmmm please do us a favor then and call BEFORE you enter your orders. thanks.
[15:43] {Threei} ands apparently I am very popular over there... new and new people want to make me rich
[15:46] {Threei} WHITE HOUSE STATES LOAN AGREEMENTS WITH GM AND CHRYSLER HAVE BEEN SIGNED
[15:46] {Threei} {GM F}
[15:47] {cosmo} 'sound as a dollar'
[15:50] {dino} and all other creditors are f#cked
[15:51] {cosmo} even gold at some point...
[15:54] {Threei} OK guys
[15:54] {Threei} thank you all
[15:54] {Threei} great day, very decent week
[15:54] {magoo} TY vad..u hoit some BIG ones today boss
[15:55] {Threei} have a fantastic weekend
[15:55] {lisa_jay} Thanks Vad.
[15:55] {Larisa1} have a nice weekend everybody
[15:55] {Threei} stay warm
[15:55] {Threei} drive safely
[15:55] {dptl} have a good weekend all
[15:55] {Threei} see you all on Monday
[15:58] {dino} take care all
[15:58] {lisa_jay} you too Dino.
[15:58] {dawg} thanks everyone

Dec 18 2008

Please review the content for the Bahamas Conference in April, 2009. You will find a lot of interesting topics, including five seminars by me. Please fill out the Survey to help finalize the planning.

Not a very tradeable day, with multiple witching coming tomorrow. Some wins, some stops, overall a lot of quite discretionary trades so I'd imagine individual mileage will vary. A few winning ones made the day positive but they were so fast that not many could catch them in time. 

Session Time: Thu Dec 18 00:00:00 2008

[08:03] {magoo} morning

[08:06] {Threei}  Good morning

[08:06] {Threei}  look at DRYS mags

[08:07] {_elepet} good morning. did anyone hold drys overnight?

[08:08] {Threei}  I did, half lot

[08:12] {magoo} do i have too?

[08:12] {Threei}  no

[08:13] {magoo} u held? you dog

[08:13] {magoo} i felt 13

[08:13] {magoo} but no overnite

[08:13] {Threei}  I remember

[08:14] {Threei}  [15:51] {magoo} 13 vad

[08:14] {Threei}  [15:51] {Threei} not today

[08:18] {magoo} brb..coffee

[08:27] {magoo} whats with DVAX vad?

[08:29] {Threei}  12/17/08 06:45am [DVAX] Signs worldwide alliance deal with Glaxosmithkline; To receive $10M initial paymentmore.. - The companies have signed a worldwide strategic alliance to discover, develop and commercialize novel inhibitors of endosomal Toll-like Receptors (TLRs) for the treatment of immuno-inflammatory diseases. TLRs are key receptors of the innate immune system that can induce strong inflammatory responses. - Under the terms of the alliance, Dynavax will receive an initial payment of $10M for which GSK will receive an exclusive option over four programs targeting autoimmune and inflammatory diseases such as lupus, psoriasis, and rheumatoid arthritis. - Dynavax is to conduct research and early clinical development in up to four programs and is eligible to receive future potential development and commercialization milestones totaling approximately $200M per program. GSK can exercise its exclusive option to license each program upon achievement of proof-of-concept or earlier upon certain circumstances. After exercising its option, GSK will carry out further development and commercialization of these products. (related: GSK.UK )

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 554K V 558KE;

[08:30] {Threei}  CONTINUING CLAIMS: 4.384M V 4.375ME

[08:30] {Threei}  - prior jobless claims revised from 573K to 575K

[08:35] {magoo} vad..u think DRYS prints 14 pre mkt?

[08:36] {Threei}  shouldn't

[08:36] {Threei}  on a spike after opening or later in the day though, quite possible

[08:36] {magoo} u having scanner problems?

[08:36] {Threei}  no, looks fine

[08:37] {magoo} all my screens are blank except pre market {he he}

[08:37] {Threei}  sigh

[08:45] {Larisa1} morning guys 

[08:46] {Threei}  morning larisa

[08:46] {Larisa1} hi threei :)

[08:47] {magoo} morn larisa:)

[08:47] {Onix} Good morning all

[08:47] {Threei}  onix :)

[08:47] {Larisa1} magoo, onix :)

[08:49] {Raven}  morning all :)

[08:49] {magoo} onix:)

[08:49] {magoo} R

[08:49] {magoo} A

[08:49] {magoo} V

[08:49] {magoo} E

[08:49] {magoo} N

[08:49] {Threei}  raven :)

[08:49] {Raven}  oh my magooooooooooooo

[08:49] {Onix} hi raven

[08:50] {Larisa1} morning raven :)

[08:51] {Raven}  we're gonna get BIG snow tomorrow Larisa ... ugh

[08:52] {magoo} us too..12 inches

[08:52] {Larisa1} always ready, i am from up north Russia :)

[08:52] {Raven}  I'll send out 8 inches south to add to your 12, magoo

[08:53] {cosmo} i guess it missed sol.cal again ...sigh

[08:53] {cosmo} so.cal

[08:53] {Raven}  oh please cosmo :)

[08:53] {Larisa1} lol

[08:54] {cosmo} i keep hoping tho

[08:54] {cosmo} 1949 was the last good one i think

[08:54] {cosmo} or was it 1950...

[08:54] {Raven}  ohforgodssake

[08:55] {cosmo} i'll check with algore....brb

[08:55] {Raven}  lol

[08:56] {lisa_jay} Good morning.

[08:57] {Larisa1} gm lisa or jay :)

[08:57] {Onix} gm lisa

[08:57] {Threei}  cosmo, lisa :)

[08:58] {lisa_jay} Hi Larisa (or the 1), Onix

[08:58] {Larisa1} lol

[09:00] {Threei}  C

[09:00] {Threei}  REPORTEDLY, ACCORDING TO AN INTERNAL MEMO, CO. WILL EXPAND CREDIT TO CUSTOMERS WITH MULTI PRODUCT RELATIONSHIPS , AND CONTIUNE TO APPROVE SIGNIFICANT LENDING TO INSITUTIONAL CLIENTS

[09:00] {Threei}  - Co. has also formed a senior commitee to supervize administration of TARP funds

[09:01] {cosmo} MULTI PRODUCT RELATIONSHIPS?

[09:01] {ese} "I'm dreaming of a white Christmas"   sing it Bing baby......ohhhhh good morning everyone....

[09:01] {ese} got carried away there

[09:01] {Onix} about time i would say with C

[09:02] {Onix} hi ese

[09:02] {ese} onix

[09:02] {lisa_jay} Hi Ese.

[09:02] {ese} hey lisa

[09:02] {Threei}  ese :)

[09:02] {ese} haven't seen this much snow on our island for along time......since big blizzard in 96

[09:04] {cosmo} global warming it is....

[09:04] {Threei}  Gore

[09:04] {Threei}  face... in the snow...

[09:04] {Threei}  what's that bad boy?

[09:04] {cosmo} from the bottom up though

[09:04] {Threei}  whodunit?

[09:04] {cosmo} not top - down

[09:06] {cosmo} hot ocean bottom vents = hotter water = more clouds = more storms

[09:06] {dino} gm all

[09:07] {Geo} gm all

[09:07] {Onix} hi dino; geo

[09:07] {dawg} gm all

[09:07] {Onix} hi dawg

[09:07] {dawg} Hello Onix

[09:08] {ese} bstop UAUA 10.80......cheap gasoline....lots of planes flying maybe....

[09:09] {dino} auxl

[09:09] {cosmo} auxl with PFE

[09:10] {dino} ty

[09:10] {cosmo} # Auxilium Pharmaceuticals, Inc. and Pfizer Enter Agreement to Develop and Commercialize XIAFLEX(TM) in Europe Call scheduled for 8:00 am ET todayCCBN(Thu 8:00am)

[09:12] {dino} phase 3 completion

[09:12] {dptl} good morning all

[09:12] {Threei}  dp :)

[09:12] {Threei}  dawg :)

[09:13] {Onix} hi dp

[09:14] {dptl} :)

[09:14] {Threei}  guys, now or later in the day, plesase do this (warning: requires the skill of putting letters together so they form words and even sentences):

[09:14] {Threei}  go to our homepage, look for a banner and text in red letters for Bahamas conferencwe

[09:15] {Threei}  when you click on it, you'll be taken to survey, tis time in black letters

[09:15] {Threei}  they are to be combined into words again, challenging, I know

[09:16] {Threei}  read it, think, fill out the survey, consider coming

[09:16] {Onix} will give it a try

[09:16] {Threei}  please do

[09:16] {Threei}  if I could write it, you can read it!

[09:16] {Threei}  I have faith in you

[09:17] {Threei}  even in you magoo

[09:19] {Threei}  keeping an eye on DVAX to see if it's one hour wonder or has a chance to become one of those non-stop runners

[09:20] {Threei}  usual suspects too of course

[09:20] {ese} DRYS....Everyready Bunny......

[09:20] {Threei}  DRYS, UAUA

[09:20] {Threei}  yup

[09:21] {Threei}  DRYS has this manner to break premarket resistance and jump right our of the gate at the open

[09:21] {Threei}  13.50 is such resistance so far

[09:26] {Threei}  geo dino :0 sorry, missed your entrance earlier

[09:27] {dino} ?

[09:27] {magoo} vad, regarding your request...whatss a homepage?

[09:27] {Threei}  {--- crying

[09:27] {magoo} cant find it in laser {he he he}

[09:28] {Threei}  dino, could you just put your elbow in magoo's ribcage? I'll owe you eternal debt of gratityde

[09:28] {dino} np

[09:28] {Threei}  ty

[09:29] {Threei}  DRYS ebig offer taken in one swoop

[09:30] {Threei}  .63 break long half lot

[09:30] {magoo} in 

[09:31] {Threei}  stop under .40

[09:31] {ese} L UAUA avg price 10.85

[09:31] {magoo} wait 14.13

[09:33] {Threei}  too optimistic

[09:33] {Geo} rinse

[09:33] {Threei}  probably, but market sells off hard

[09:34] {magoo} pretty wippy

[09:36] {Threei}  UAUA is very strong

[09:37] {Threei}  DRYS is tired, needs solid pullback

[09:38] {magoo} i hit q's .19 lonmg

[09:40] {Threei}  you exited any of UAUA ese?

[09:41] {ese} not yet

[09:41] {Threei}  protect part... don't forget its nasty manner to drop like a stone when you least expect it

[09:42] {Threei}  LVS

[09:42] {Threei}  PRE-MARKET STRENGTH BEING ATTRIBUTED TO CHATTER ON EASING OF VISA RESTRICTIONS IN MACAU, REPORTEDLY EMANATING FROM A CREDIT SUISSE NOTE

[09:42] {ese} OK

[09:43] {Threei}  ok DRYS, this is more like it

[09:43] {Threei}  one more leg down

[09:43] {dino} just use mastercard

[09:43] {Threei}  keep half lot on it

[09:44] {Threei}  in

[09:44] {Threei}  stop under .60

[09:44] {Threei}  out .94

[09:44] {Threei}  +.30

[09:45] {ese} out UAUA .50 1800 shs +$1200.00   good enough for the day

[09:45] {Threei}  I'll say

[09:45] {Threei}  wtg

[09:45] {Threei}  go tell that principal off

[09:46] {dino} wow es!

[09:46] {patience} ese, very well done

[09:46] {ese} tks

[09:47] {ese} can into work today with real ego now!!!!

[09:47] {Threei}  isn't it amazing ese, how much money is available in incredibly short period of time in the market when you know what you are doing

[09:47] {ese} indeed....i'll say

[09:47] {Threei}  15 minutes of work

[09:48] {Threei}  if you can call it that

[09:49] {Threei}  closer to 13 - 13.10 now next bounce zone for DRYS

[09:50] {Threei}  in

[09:50] {lisa_jay} 12

[09:50] {Threei}  stop under 11.90

[09:50] {Threei}  12, sorry

[09:51] {Threei}  half out.19

[09:51] {Threei}  +.15

[09:51] {Threei}  offering balance .35

[09:51] {Threei}  stop just under 12

[09:51] {Threei}  out

[09:51] {Threei}  +.21

[09:51] {lisa_jay} nice

[09:52] {Threei}  raining money

[09:52] {Threei}  anyone caught it?

[09:52] {lisa_jay} nope

[09:53] {Onix} nope

[09:53] {Threei}  sleepyheads

[09:53] {ese} anyone DVAX

[09:53] {Onix} too fast for a

[09:53] {ese} in DVAX

[09:53] {Threei}  not me

[09:53] {Threei}  don't see a momo

[09:54] {ese} tks

[09:54] {Threei}  this kind of gappers need strong momentum or they wilt and die

[09:54] {lisa_jay} Look at Drys go.

[09:54] {Threei}  maybe comes later but for now it's a non-player

[09:54] {Threei}  yeah... whatever, this kind of dump is for quick scalps only

[09:54] {wishbone} momo? vad

[09:54] {Threei}  countertrend trading, you know

[09:55] {Threei}  traders slang momentum wish

[09:55] {wishbone} ty

[09:55] {Threei}  momo, aka mojo aka loco aka choochoo

[09:55] {lisa_jay} lol

[09:55] {Threei}  :)

[09:57] {Threei}  wow... oil is soo dead

[09:58] {cosmo} fossils....

[09:58] {Geo} heh

[09:58] {Threei} Long Setup:  INTC  .91 if stays above .85 for scalpers, .80 for daytraders

[09:59] {Onix} in .91

[09:59] {Threei}  according call for Qs is .13 long

[10:00] {Threei}  what the deuce?

[10:00] {Threei}  half out Qs who grabbed it

[10:01] {Onix} did not think to do q's

[10:04] {Threei}  what did prop the market like that?

[10:04] {Threei}  maybe this

[10:04] {Threei}  GMAC: ISSUES UPDATE ON DEBT SWAP - FILING

[10:04] {Threei}  - As of the end of the day on December 17, 2008, based on preliminary results of GMAC LLC’s separate private exchange offers and cash tender offers to purchase and/or exchange certain of its and its subsidiaries’ and Residential Capital, LLC’s outstanding notes and respectively), approximately $16.9B in aggregate principal amount (or 58%) of the outstanding GMAC old notes had been tendered in the GMAC offers and approximately $3.5B in aggregate principal amount (or 38%) of the outstanding ResCap old notes had been tendered in the ResCap offers.

[10:04] {Threei}  not sure

[10:04] {magoo} expiration volatility

[10:05] {dino} sm l xme .01

[10:07] {Threei}  Qs balance stop to under .20

[10:08] {dino} rimm sm l .95

[10:08] {magoo} was thinking q alot stronger than that./..oh well

[10:09] {lisa_jay} INTC stopped.

[10:12] {Geo} man intc

[10:12] {lisa_jay} rinso

[10:12] {Geo} still in

[10:13] {Geo} working on pru

[10:13] {Onix} stopped intc

[10:13] {magoo} u got a feel for PRU?

[10:13] {Geo} so scalp blindly with ES

[10:13] {Geo} momo only

[10:13] {Geo} so=no

[10:13] {Geo} came up on scanner

[10:14] {Geo} still in intc vad?

[10:15] {Threei}  half

[10:15] {Geo} ok me in full

[10:15] {Geo} didnt touch .77

[10:16] {Geo} might scratch half

[10:16] {Geo} dna and hans rocking

[10:18] {lisa_jay} Vad, when did you scratch half the INTC, thanks.

[10:19] {lisa_jay} or where.

[10:19] {Geo} sniff

06[10:19] * Geo thinks INTC heard .77

[10:20] {Threei}  .96 lisa

[10:20] {Threei}  but I was in aggressively

[10:20] {lisa_jay} Where did you enter?

[10:20] {Threei}  so my r/r was a bit different

[10:20] {Threei}  .88

[10:20] {dino} rimm stop to b/e

[10:20] {lisa_jay} Ok, thank you.

[10:20] {Threei}  and it was double lot

[10:21] {Threei}  so, somewhat different way to play vs traditional

[10:23] {dino} rimm stopped flat

[10:23] {peterg} I played it for nickels and made three of em, thanks dino

[10:25] {dino} lol you'te better than i, should've went size

[10:27] {magoo} man...look a Q minute chart..nutso

[10:29] {lisa_jay} r u in Magoo?

[10:29] {ese} Long APWR .75 agressive entry

[10:29] {magoo} yes

[10:29] {magoo} .19

[10:30] {dino} now rimm works

[10:30] {magoo} was expecting .55 area

[10:30] {magoo} no go yet

[10:30] {lisa_jay} Ok, thanks.

[10:30] {lisa_jay} How do you manage the q's trades...partial out or trail etc.  Thanks.

[10:31] {lisa_jay} When you have time.

[10:39] {dino} vz l .90

[10:40] {magoo} kickin Q in the behind with all i got

[10:41] {lisa_jay} .

[10:45] {Threei}  .35 break should do it magoo

[10:45] {magoo} give it a kick please..im exhausted

[10:45] {Geo} call vad?

[10:45] {Threei}  for a scalp if stays above .30

[10:46] {Chaeron} good morning all

[10:47] {lisa_jay} Hi Chaeron

[10:47] {Threei}  chaeron :)

[10:47] {magoo} C:)

[10:47] {Chaeron} Hi Lisa, 3i, magster

[10:48] {dino} cmtl sm l .80

[10:49] {lisa_jay} Vad, q's long trigger?

[10:49] {Threei}  .36... but nly if not losing .30 anymore

[10:50] {lisa_jay} Ok, thanks.

[10:56] {Onix} in q's .35

[10:57] {dino} out xme .42, +.41

[11:00] {lisa_jay} Stopped Q's.

[11:00] {Onix} stoped q's

[11:00] {Onix} & roped

[11:00] {Onix} & stopped

[11:01] {Chaeron} pru

[11:01] {magoo} mkt been disappointing so far 

[11:02] {magoo} should have easily broke into 50 area by now

[11:03] {magoo} drys collaspe was right up there with fall of roman empire

[11:03] {lisa_jay} Narrow range.

[11:03] {lisa_jay} R u out of the Q's Magoo?

[11:03] {magoo} in

[11:03] {magoo} .1`9

[11:03] {ese} out  APWR 6.00 +.22  on a lot and a 1/2

[11:03] {Threei}  leave market be for now guys

[11:04] {Threei}  meanignless jerking up and down

[11:04] {lisa_jay} Yeah.

[11:04] {Geo} still in intc and qs

[11:04] {Threei}  go to that link I gavew you earlier instead

[11:04] {Geo} no putting new on

[11:04] {dino} there goes 3i telling me what to do

[11:04] {Threei}  and let me know whatcha think

[11:04] {magoo} cant find LINK in summary bar???

[11:04] {Threei}  this is my favorite way to spend time dino...

[11:04] {Geo} who is bill carr?

[11:04] {dino} vz stop to .02

[11:05] {Geo} okkkkkkk

[11:05] {dino} out .07, +.17

[11:06] {Threei}  dino... wthg, and NOW you can go to that link {G}

[11:06] {dino} lol

[11:06] {magoo} i got an email on it

[11:07] {Threei}  good... I just thought you had my e-mails on autodelete

[11:07] {magoo} dino fixing coffee issue..pot stopped being hot

[11:07] {Threei}  which would only be fair since I do have yours on that feature

[11:07] {magoo} well...its content is blocked of course

[11:08] {Threei}  great... so you don't want to know what I have to say but want to enjoy the very fact that I am trying to say something {VBG}

[11:08] {magoo} vbg=?

[11:08] {Threei}  very big grin

[11:09] {patience} if i sign up for the seminar, does it include a pool boy?

[11:09] {Threei}  for extra fee I'd assume

[11:09] {Geo} okkk save Q for pm

[11:09] {Chaeron} I can bartend and wait on tables patience...

[11:09] {Geo} finally stopped in Q

[11:09] {patience} ok Chaeron, let's be roomies

[11:10] {Chaeron} but just for you Lisa, Larisa and elepet

[11:10] {Chaeron} Patience - you just like me for my bartending skills :)

[11:11] {Threei}  btw, matching singles will be offered (not in a marrital sense, rather in room-sharing context)

[11:11] {magoo} co-ed ??

[11:11] {patience} you just pop the cork for me Chaeron and we'll both be happy

[11:12] {Geo} hmmmmmmmm

[11:12] {Chaeron} PE Obama finished talking... new SEC head (Deb Shapiro)

[11:12] {dino} swingers?

[11:12] {Chaeron} *blushing*

[11:12] {magoo} like in larisa and magoo??

[11:12] {Geo} i dont know what to say dino

[11:12] {dino} lol

[11:12] {Chaeron} you're lucky she's not here magoo... lol

[11:13] {Threei}  don't forget about replay feature though

[11:15] {Geo} out intc

[11:15] {magoo} out Q btw

[11:15] {magoo} bummer

[11:15] {lisa_jay} Where did you get out Magoo?  Thanks.

[11:15] {magoo} .29

[11:15] {magoo} i was in much lower than u

[11:16] {lisa_jay} Ok, thanks.

[11:16] {magoo} what i do is watch Q...wait for extreee move...then hit it 2k ..keep dime stop ..and if FEELS like runner..try to let it run

[11:17] {magoo} could have scalped it better but was looking for a move

[11:17] {magoo} let winner win concept

[11:18] {magoo} i was waiting out there at .54

[11:18] {lisa_jay} I was watching it at .18 when it broke the trendline...thought it would go but hesitated.  Too many times burnt.

[11:18] {magoo} but no go

[11:18] {Threei}  which is being overcome by the concept of whack-a-mole today

[11:18] {dino} good game

[11:19] {ese} god market call Vad.....as they all dive abit in unison

[11:19] {Geo} i suck today

[11:19] {ese} good market call

[11:19] {Geo} dug a nice hole

[11:20] {lisa_jay} Sorry to hear that Geo.

[11:22] {dino} the days not over geo

[11:22] {magoo} cramere fault..god dam giddy on site callying  rally

[11:22] {magoo} we closed down 100 yester

[11:22] {magoo} down now..hes screaming rally

[11:23] {dino} as vad would say, "some days you eat the russian bear, some days it eats you"

[11:23] {Geo} lol

[11:23] {Threei}  lol

[11:23] {Threei}  snow in LV?

[11:23] {Chaeron} yep :)

[11:23] {Threei}  sigh

[11:24] {patience} here comes another al gore comment

[11:24] {patience} oh, don't disappoint vad

[11:24] {magoo} just rewmember this ......early bird gets the worm...BUT the second mouse gets the cheese

[11:27] {dino} magoo, forever the "deep" thinker

[11:27] {Geo} :)

[11:29] {dino} tleo

[11:30] {dino} tleo sm s .72

[11:30] {lisa_jay} Magoo, for theory would you consider getting long Q's here?

[11:32] {magoo} no

[11:32] {magoo} but closer to 30 maybe 

[11:32] {magoo} unless........AAPL took off upward than yes

[11:33] {magoo} vad..any read GS?

[11:33] {lisa_jay} Thanks Magoo.

[11:34] {magoo} keep eye on aapl

[11:34] {Threei}  can't really make a choice between breakdown and violent bounce mags

[11:34] {Threei}  my feeling is bounce

[11:34] {Threei}  but I wouldn't call it

[11:34] {magoo} GS or mkt?

[11:34] {Threei}  just too risky

[11:34] {Threei}  GS

[11:35] {magoo} shit i took .60 

[11:35] {Threei}  long?

[11:35] {magoo} yes

[11:35] {Threei}  so what's your problem

[11:35] {magoo} u skerrin me

[11:35] {Threei}  in direction of my feeling, very close to day low

[11:36] {Threei}  if GS itself doesn't skerr you enough, nothing and no one will...

[11:36] {dino} breakdown gut says

[11:37] {dino} tleo bstop is .03

[11:39] {dino} maybe gut wrong

[11:42] {dino} tleo stopped -.31

[11:43] {dino} tbt l .39

[11:43] {Threei}  so far so good

[11:44] {Threei}  half out mags?

[11:44] {Threei}  you have almost 1:4

[11:44] {lisa_jay} wow.

[11:45] {Threei}  mags

[11:45] {Threei}  MAGS!!!!!

[11:45] {magoo} .

06[11:45] * Threei slaps magoo around a bit with a large heavy manual on risk control

[11:47] {Threei}  sigh

[11:47] {Threei}  whatever

[11:47] {Threei}  chaeron, look dcc please

[11:47] {Chaeron} am I in trouble?

[11:48] {dino} xme l .98

[11:49] {magoo} ok out .30 here

[11:49] {magoo} WHATUTALKINBOUT WILLIS?

[11:50] {magoo} +70

[11:50] {magoo} cents

[11:50] {lisa_jay} nice

[11:51] {magoo} lisa, just be carefyul with my calls..u gotta be religious with stops ok?

[11:51] {magoo} as a genral rule, $200 bux max stop loss

[11:51] {lisa_jay} sure magoo, thanks.

[11:51] {magoo} but see, i let that winner "win" 

[11:52] {magoo} i think its got alot more

[11:52] {magoo} but its a hard breather

[11:52] {magoo} u know what that is?

[11:53] {Threei}  yeah... a guy who tried to run by me at the lake loop recently... even his dog was ashamed of him

[11:53] {lisa_jay} Yeah, pulls back more then usual.

[11:54] {magoo} correct..good

[11:54] {magoo} u wanna room together he he

[11:54] {dino} was thinking magoo when he walks up the steps in office

[11:54] {Geo} lol

[11:54] {lisa_jay} Ahem, you have me confused with Larissa...its LISA.

[11:54] {Threei}  (thank goodness I got it wrong)

[11:55] {lisa_jay} lol

[11:55] {magoo} oh oh..just dont tell her ok lol

[11:55] {Threei}  lisa... I don't think such subtleties as name mean much for magoo

[11:55] {lisa_jay} Actually i'm just a couple of hours away from you 

[11:56] {magoo} vad, we gonna have internet access in bahamas so we can work each day?

[11:56] {Threei}  gosh...

[11:56] {magoo} where u at lisa?

[11:56] {lisa_jay} Connect.

[11:57] {Threei}  I intend to visit other speaker's, then speak myself for half of the day... more work??

[11:57] {magoo} oh oh 

[11:57] {magoo} i would need to trade from 8 a.m till 4 pm everyday

[11:58] {magoo} ok lisa..look AAPL look Q

[12:00] {lisa_jay} Yeah, took Q's long at .24

[12:01] {lisa_jay} I am using NQ and Q's, will need to add AAPL and GS too.

[12:01] {magoo} nice

[12:04] {Chaeron} crude was at $38/bbl? wow vad... I remember you said 40 about 4 months ago, or do I dream about this room when I sleep?

[12:05] {Threei}  no... that was for real

[12:06] {Threei}  watch GS for bounce off .30 roughly

[12:07] {dino} 1990 highs crude, 1st gulf war

[12:07] {Threei}  missed GS

[12:07] {Threei}  expected one more quick leg down

[12:11] {ese} gone for a few minutes am back

[12:12] {ese} did i miss anything

[12:12] {ese} other than intelligent conversation

[12:12] {Threei}  not really, except magoos 70 cents pl;ay

[12:12] {dino} everything

[12:12] {lisa_jay} come on q's beak .35

[12:12] {Threei}  and suggestion that we are capable of intelligent conversation is almost insulting

[12:13] {ese} ooooopps!!!!!  will never let that happen again

[12:13] {magoo} Q gonna go here imo

[12:14] {lisa_jay} Got out 2/3rds at .10 profit...trailing rest.

[12:14] {Threei}  good job

[12:14] {lisa_jay} my first, thanks Vad

[12:14] {Threei}  making money for that bahamas trip I see

[12:15] {lisa_jay} :-)

[12:15] {Threei}  tax deductible vacation with learning opportunity on top... impossible to ignore

[12:15] {lisa_jay} My family does not pay any taxes.

[12:16] {dino} lucky

06[12:16] * Threei wats to be a part of lisa's family

[12:16] {magoo} hows that?

[12:16] {lisa_jay} poor

[12:16] {lisa_jay} no income

[12:16] {Chaeron} roflol

[12:16] {Chaeron} not at you lisa... at 3i

[12:17] {lisa_jay} we laugh too at ourselves...

06[12:17] * Threei makes amental note to see to it thatChaeron has a room next to kitchen and with no windows

[12:18] {Threei}  .20 break GS, small shares

[12:18] {Threei}  if stays above 80

[12:19] {magoo} in

[12:20] {magoo} out there .51

[12:20] {Threei}  HEARING DB SAYS GM WILL NOT FILE FOR BANKRUPTCY, CONTRARY TO SOME SPECULATION THAT HAS BEEN CIRCULATING

[12:22] {dino} out tbt .62, +.23

[12:22] {lisa_jay} Stopped GS.

[12:23] {lisa_jay} Stopped flat on last portion onQ's

[12:24] {Geo} hmm magoo my chart didnt go to .51 in GS

[12:24] {Geo} spike magoo?

[12:25] {magoo} no..i was waiting out there

[12:25] {Geo} wierd

[12:25] {Geo} not on my charts

[12:25] {Geo} nice

[12:25] {magoo} dude

[12:25] {magoo} i place offers out ahead..no fill

[12:26] {Threei}  it topped at .39, almost 1;1

[12:26] {Threei}  your chart is right geo

[12:26] {Geo} bad fill?

[12:26] {Geo} i mean good fill?

[12:26] {Threei}  lol

[12:26] {magoo} no fill..vad help me

[12:26] {Threei}  magoo... slap him

[12:26] {Geo} ahhhhhhhhhhhh

06[12:27] * dptl slaps Geo around a bit with a large trout

[12:27] {Threei}  lol

[12:27] {Geo} i took out there .51 to mean OUT

06[12:27] * Geo pleads english as non primary language

[12:28] {Geo} now you know how vad feels magoo !!!!

[12:28] {Threei}  oh I feel fine

[12:29] {Threei}  I don't understand any of what you are saying, and happy

[12:29] {magoo} your pushing your luck little man {soup nazi to costanza}

[12:40] {dino} wow don't know how it happened but cmtl just took me out at 47.20, +.40

[12:41] {Onix} gj

[12:41] {dino} lucky

[12:41] {Threei}  sheesh... lol

[12:42] {dino} cracking me up

[12:44] {Threei}  speaking of momo or lack thereof

[12:44] {Threei}  look at DVAX

[12:45] {dino} t l .35, stop lod

[12:47] {KSystems} back

[12:47] {KSystems} Hello everybody

[12:47] {Threei}  hey KS

[12:48] {dino} hey k

[12:48] {KSystems} anyone claiming daytrading is stressful should go shopping with me

[12:48] {Threei}  lol

[12:49] {Threei}  shopping for illicit drugs is rarely relaxing ks... sorry for not warning you

[12:49] {Threei}  wow... GM goes down the drain

[12:50] {ese} have a great rest of the day all.....outta here until tomorow.

[12:50] {Threei}  take care ese

[12:50] {ese} see ya vad

[12:53] {Threei}  snow in Malibu?

[12:53] {Threei}  wtf is going on

[12:53] {Chaeron} your buddy al gore global warming

[12:53] {Onix} global warming?

[12:54] {Chaeron} lol

[12:54] {Chaeron} give me a break :)

[12:54] {Threei}  looking at LV images on TV

[12:54] {Threei}  I can't believe it

[12:54] {Threei}  3 inches

[12:55] {Raven}  cosmo prolly drove up there, stripped off his clothes, and rolled in it

[12:55] {magoo} in vegas..thats just a cocaine delivery which fell out of a cargo plane hold

[12:56] {Threei}  but... Nobel prize AND Oscar winner can't be wrong... right? right?

[12:56] {Onix} no way

[12:56] {Threei}  Raven... my retina's burned by just mental image

[12:57] {Raven}  it would be an awesome sight

[12:57] {Threei}  shock and awe?

[12:57] {Chaeron} }{

[12:57] {Raven}  yessssssssss

[12:58] {Threei}  as I was told yesterday when expressed my politically incorrect opinion (as if I have any others),

[12:58] {Threei}  global warming does not necessary mean warmer, it means more violent

[12:58] {Threei}  si I suggested to call it global violence

[12:59] {Chaeron} anything to make their views fit, eh?

[12:59] {dino} cycles, its all cycle

[13:02] {Chaeron} I just have one question... if they know so much about weather, why is the supposed hurricane on the cover of gore's movie spinning the wrong way? hmmm? I'm the only one that's noticed

[13:03] {Geo} lol

[13:03] {Chaeron} think about it..

[13:03] {Threei}  chaeron... it's simple

[13:03] {Threei}  it signifies things going so wrong that even hurricanes start spinning wrong direction

[13:04] {Chaeron} you should be a polititian

[13:04] {Threei}  and world becoming so warmed up that it starts freezing over

[13:05] {Chaeron} ahhh so it's cirular... not linear

[13:05] {Chaeron} circular

[13:05] {Threei}  economy becoming so bad that killing autoindustry makes it better

[13:05] {lisa_jay} Q's Coiling.

[13:05] {Geo} ummmmm....... trading slow?

[13:05] {Threei}  banks becoming so poor that bonuses for the executives must be increased

[13:05] {Threei}  see? it all fits

[13:06] {Chaeron} so Lisa's family is really rich?

[13:06] {Onix} Oh, now I understand!

[13:06] {lisa_jay} What?  

[13:07] {Chaeron} does it work so that I'm really good looking too???

[13:07] {Geo} i thought all people in south bay were beautifull

[13:08] {lisa_jay} Chaeron, we dont care how you look, we love you anyway.

[13:08] {Threei}  there are limits to what's possible, chaeron... sorry

06[13:08] * Chaeron is blushing again..

[13:08] {Chaeron} Threei - so I defy physics?

[13:08] {Threei}  if lisa says so...

[13:09] {Raven}  {-------- circling Chaeron

06[13:09] * Chaeron slaps Raven around a bit with a large trout

[13:09] {Raven}  oops

[13:09] {Raven}  gotta climb higher

[13:09] {Chaeron} First strike Raven... no warning... learn it... oh... and Merry Christmas :)

[13:09] {Raven}  MC and HNY

[13:13] {Threei}  haven't seen DRYS this tame in quite a while

[13:13] {magoo} my scanner iusnt even moving

[13:14] {Threei}  it's not supposed to mags...

[13:14] {Threei}  mine always stays on the monitor I open it in

[13:14] {lisa_jay} lol

[13:14] {Threei}  hate it whenit starts crawling al over 4 monitors

[13:14] {Threei}  so I use nails now

[13:15] {magoo} 2 of my screens are completely white tho.....the post mkt scanners

[13:15] {Onix} lol

[13:15] {Chaeron} thought it was from your use of White Out

[13:15] {Threei}  just be careful when you nail it tomonitor

[13:16] {Threei}  make sure you put nail through the blue bar at the top of the window

[13:16] {Threei}  and not through scanner window... you may damage it otherwise

[13:16] {magoo} wheres the monitor????

[13:17] {magoo} l Q .24 here -n-now

[13:17] {Threei}  ummm... sorry, I have an answer to that but gals in the room prevent me from using it

[13:20] {lisa_jay} How many monitors do you have Magoo?

06[13:20] * Threei puts both hands over his mouth

[13:21] {magoo} i have 4 whatchamacallits and 2 computatars running them

[13:26] {Threei}  wow... market really learned finally how to stay still

[13:26] {Threei}  even morning moves were just 15 points range NQ

[13:26] {Threei}  let alone everything after that

[13:27] {Onix} and just when i am on holiday and can trade all day

[13:28] {Threei}  well... can change on a dime, and let's hope it does

[13:29] {Onix} yes, always hoping 

[13:29] {KSystems} yes, there was traders all around me in the mall ;)

[13:31] {Threei}  lol

[13:37] {Threei} Short Setup: QQQQ  .13 if stays below .20

06[13:37] * magoo slaps laserdave1 around a bit with a large 3i wallet

[13:40] {dino} nt stopped

[13:42] {Geo} in

[13:43] {lisa_jay} in .13

[13:43] {Onix} in q's .13

[13:44] {Threei}  can't understand why I haven't taken it aggressively under .20 when it bounced

[13:44] {Threei}  was ideal entry

[13:44] {Threei}  I must be sleeping

[13:44] {Threei}  wait... I am always sleeping when trading

06[13:44] * Geo slaps Threei around a bit with a large rooster

[13:44] {Onix} lol

[13:45] {lisa_jay} Targest for trade Vad?  Thanks.

[13:45] {Threei}  just a scalp most likely

[13:45] {Threei}  too narrow of a day

[13:46] {Threei}  if you feel serious breakdown coming, cover 2/3

[13:46] {Threei}  and try to give it a chance

[13:46] {Threei}  1:1

[13:47] {Threei}  cool beans

[13:47] {KSystems} 1/2 out .04

[13:47] {dptl} cover 30 ty

[13:47] {Onix} 2/5 out

[13:47] {lisa_jay} 2/3 out at .02 (10c).

[13:48] {Threei}  long wait was worth such safe one-way trade eh

[13:48] {dptl} pru covered +.29

[13:49] {Threei}  took some patience eh dino

[13:49] {Threei}  oops... dp

[13:49] {Threei}  sorry

[13:49] {dptl} yeah...want to be like Dino

[13:50] {Threei}  don't we all

[13:50] {Threei}  just think of his privilege to poke magoo in ribs with his elbow

[13:50] {Threei}  that alone is of weight of gold

[13:50] {dptl} lol

[13:52] {lisa_jay} .

[13:53] {Threei}  stop to .11

[13:54] {dino} careful what you wish

[13:57] {Threei}  CHRYSLER SPOKESPERSON: CHRYSLER AND GM ARE NOT HOLDING MERGER TALKS

[13:57] {Threei}  - Earlier this morning GM denies earlier press reports that GM is holding merger talks with Chrysler. Overnight the WSJ reported that the companies have reopened merger talks.

[13:57] {dino} joyg l .10, stop .98

[13:58] {Threei}  (US) FED'S FISHER: FED WILL NOT SHY AWAY FROM USING EVERY VIABLE MEASURE TO SUPPORT THE ECONOMY, NOTES THAT CONSUMPTION IS "CASCADING DOWNHILL" IN THE US

[13:58] {Threei}  - Believes unemployment may exceed 8%, sees US Q4 GDP contracting 4-5%. Further GDP contracting is likely in first half of 2009.

[13:58] {Threei}  - Fed will expand purchases of mortgage-backed securities, grow balance sheet if it determines the move would be productive

[13:58] {Threei}  - The Fed's actions have gained some traction, but there is a long way to go before the economy begins recovery.

[13:58] {Threei}  - Falling mortgage rates and LIBOR are signs that Fed policies are working.

[13:58] {dino} hmm read that wrong

[13:59] {dino} why can't they just shut up for a week

[14:02] {Threei}  good question

[14:02] {Threei}  especially with meaningless comments like:

[14:02] {Threei}  FED WILL NOT SHY AWAY FROM USING EVERY VIABLE MEASURE TO SUPPORT THE ECONOMY

[14:02] {Threei}  and here we sit thinking, gee, they have this viable option and know about it but shy away

[14:02] {Larisa1} lol

[14:03] {peterg} They have weapons of mass viability

[14:03] {Threei}  rofl

[14:04] {Threei}  and the next comment has extremely encouraging sentence at the end, read it:

[14:04] {Threei}  (US) FED'S FISHER: FED MUST DO EVERYTHING POSSIBLE TO PREVENT DEFLATION, AT SOME POINT THE FED WILL BE FORCED TO TIGHTEN RATES AND SHRINK BALANCE SHEET - Q&A

[14:04] {Threei}  - Notes that the Fed has an exit strategy in mind

[14:04] {Threei}  they got fake passports and tickets to some exotic locations?

[14:05] {dino} vz l .60, stop .48

[14:05] {Threei}  plastic surgeons stand ready?

[14:05] {dino} joyg stopped

[14:05] {Threei}  btw, Qs hit 1:2

[14:05] {Onix} agh

[14:05] {magoo} hit???

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

[14:06] {Threei}  good to know magoo has what to slap me with {G}

[14:07] {Threei}  ok, someone's promised to laugh at my not funny jokes...

[14:07] {lisa_jay} me?

[14:07] {Threei}  and I honestly think this one about feds exit strategy WAS funny!

[14:07] {magoo} i thought vbg earlier for you was very big GUT

[14:08] {Threei}  {--- deeply misunderstood and underappreciated

06[14:09] * Threei slaps Chaeron around a bit with a large list of occasions on which Chaeron failed to appreciate him

06[14:09] * Threei slaps magoo around a bit with a large copy of the list

[14:09] {Chaeron} thank you... I appreciate that

[14:09] {Threei}  lol

[14:10] {Threei}  good one

[14:10] {magoo} oh oh vad..Larisa's back

[14:10] {Threei}  see? I am appreciative of good joke

[14:10] {Chaeron} :)

[14:10] {Threei}  that's your worry magoo... you have all the reasons to feel guilty

[14:11] {Threei}  me, I apologized to Larisa long ago for all my past sins and for all future should I ever commit them

[14:11] {lisa_jay} Magoo long Q's here?

[14:11] {Larisa1} magoo, push the market, you guys are too bored

[14:12] {magoo} if AAPL gets going lisa

[14:15] {dino} rinses, joyg, t

[14:19] {wishbone} can timestamp in mIRC be set to NY time?

[14:19] {Threei}  mine is

[14:19] {wishbone} how?

[14:19] {Threei}  it takes time from your computer clock

[14:19] {KSystems} out Qs 1/4 more .05

[14:19] {Threei}  I keep it on NY time

[14:20] {Threei}  here comes next Qs breakdown

[14:20] {wishbone} ok ty vad

[14:20] {lisa_jay} Wish i kept the last part of q's...

[14:20] {Threei}  over 1:2 now

[14:21] {dino} vz stopped -.12

[14:21] {Threei}  nice to take right side

[14:21] {Threei}  market makes money for you by itself

[14:22] {Threei}  where di you cover lisa?

[14:23] {Threei}  bidding last part .79

[14:23] {lisa_jay} .o3

[14:23] {Threei}  hmmm

[14:23] {Threei}  somewhat "not here not there"

[14:23] {lisa_jay} Got scared when it could not take out .96 and kept bouncing up.

[14:24] {Threei}  out in full

[14:24] {lisa_jay} nice.

[14:24] {Threei}  +.34

[14:24] {wishbone} laser stickies ayone?

[14:24] {Threei}  INET at .84 for Qs, yes

06[14:25] * Threei slaps laserdave1 around a bit with a large stuck quote for INET

[14:26] {Threei}  look how nicely Qs cascaded ever since our entry

[14:26] {KSystems} out last 1/4 Qs .85

[14:28] {Threei}  how nice this letter starts

[14:28] {Threei}  Dear One

[14:28] {Threei}  I foresee your surprise upon receiving this letter from a total stranger but plead for your tolerance, of not having the pleasure of knowing your mindset before sending you this letter but is for the betterment our both family future.

[14:28] {Threei}  I need to learn to speak like this

[14:28] {dino} ge capital dpwngraded by s&p

[14:29] {Threei}  magoo... not having the pleasure of knowing your mindset, I have no other option but to slap you silly for the betterment of our room

[14:30] {dino} mwiv sm l .12

[14:37] {Threei}  (US) FED CHAIRMAN BERNANKE: FUNDAMENTAL CHANGES ARE NEEDED FOR CREDIT CARD REGULATIONS

[14:38] {peterg} ok, benno, like what?

[14:38] {Threei}  like what?

[14:38] {peterg} great minds

[14:38] {Threei}  hehe

[14:38] {peterg} thinner, stronger plastic

[14:38] {peterg} bigger letters for older consumers

[14:38] {peterg} pastels

[14:39] {peterg} revolutionary new shape: round credit cards

[14:40] {Threei}  wow

[14:40] {dino} sm l afam .00

[14:40] {Threei}  I honestly don't know what is more scary - to leave this broken system as it is or to have these people talking about "fundamental change"

[14:44] {Chaeron} change is good

[14:44] {Chaeron} just ask any Cuban from 1960

[14:48] {Threei}  WSJ REPORTS OBAMA TEAM DEVELOPED STIMULUS PACKAGE

[14:51] {dino} purple pills

[14:52] {peterg} lol

[14:53] {dino} tbsi l .77, stop lod

[14:54] {cosmo} lsd, it seems to me

[14:58] {Threei}  Qs should give scalpable bounce from just under .90

[14:58] {lisa_jay} in from .90

[14:58] {Threei}  stop under .85

[15:00] {dino} tbsi stopped -.13

[15:01] {Threei}  strange moves

[15:01] {Onix} GE downgraded ... CNBC

[15:02] {Threei}  hour old news

[15:02] {Onix} Buffet having a hard time

[15:03] {lisa_jay} Stopped on Q's, took it before your call Vad.

[15:03] {dino} randon market moves whipping me out everywhere

[15:04] {lisa_jay} yup

[15:04] {lisa_jay} tomorrow's expiry.

[15:05] {Threei}  WSJ REPORTS PRESIDENT ELECT OBAMA TEAM DEVELOPED STIMULUS PACKAGE OF $675-775B OVER 2 YEARS

[15:05] {Threei}  - says package could grow, could top out at $850B

[15:05] {Threei}  - Note: The high end was rumored to be $1T last weekend

[15:05] {dino} out in morning papers old

[15:05] {dino} and you tell me why bonds are rocling then, sheesh

[15:06] {Threei}  nothing is straightforward in this environemnt

[15:06] {wishbone} bonds are rocking dino?

[15:06] {dino} printing presses wide open bonds at all time highs

[15:06] {dino} tlt all time highs

[15:06] {dino} 20 year

[15:06] {Threei}  all the logical projections are being trashed

[15:07] {dino} tbt 2x short, collasped

[15:07] {Threei}  just thunk about half year - 9 months back,

[15:07] {Threei}  thnk

[15:07] {Threei}  thnk

[15:08] {Threei}  sheesh, I can't even type this word

[15:08] {dptl} think

[15:08] {Threei}  right

[15:08] {dptl} :)

[15:08] {cosmo} never

[15:08] {Threei}  how many of "normal" calculations about USD, gold, oil etc tunred out to be right?

[15:09] {Threei}  you know many experts who foresaw this USD rally and gold demise?

[15:10] {Threei}  new fators are being intorduced into play all the time

[15:10] {Threei}  factors

[15:10] {dino} oxy sm l .95

[15:11] {dino} everything i was taught is wrong

[15:13] {peterg} all your snakes are belong to us

[15:13] {peterg} (see youtube for further information)

[15:14] {Threei}  is it about damn snakes on the damn plane?

[15:14] {peterg} yessss

[15:14] {peterg} in part

[15:22] {Threei}  what's going on while I sleep?

[15:23] {lisa_jay} Dino's gut was right...selloff

[15:24] {Threei}  no seriously

[15:24] {Threei}  I don't see any news

[15:24] {Threei}  what happened?

02[15:24] * Disconnected

02[15:26] * Attempting to rejoin channel #discussions

03[15:26] * Rejoined channel #discussions

05[15:26] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[15:26] {magoo} if AAPL gets going lisa

[15:26] {dino} rinses, joyg, t

[15:26] {wishbone} can timestamp in mIRC be set to NY time?

[15:26] {Threei}  mine is

[15:26] {wishbone} how?

[15:26] {Threei}  it takes time from your computer clock

[15:26] {KSystems} out Qs 1/4 more .05

[15:26] {Threei}  I keep it on NY time

[15:26] {Threei}  here comes next Qs breakdown

[15:26] {wishbone} ok ty vad

[15:26] {lisa_jay} Wish i kept the last part of q's...

[15:26] {Threei}  over 1:2 now

[15:26] {dino} vz stopped -.12

[15:26] {Threei}  nice to take right side

[15:26] {Threei}  market makes money for you by itself

[15:26] {Threei}  where di you cover lisa?

[15:26] {Threei}  bidding last part .79

[15:26] {lisa_jay} .o3

[15:26] {Threei}  hmmm

[15:26] {Threei}  somewhat ""not here not there""

[15:26] {lisa_jay} Got scared when it could not take out .96 and kept bouncing up.

[15:26] {Threei}  out in full

[15:26] {lisa_jay} nice.

[15:26] {Threei}  +.34

[15:26] {wishbone} laser stickies ayone?

[15:26] {Threei}  INET at .84 for Qs, yes

06[15:26] * Threei slaps laserdave1 around a bit with a large stuck quote for INET

[15:26] {Threei}  look how nicely Qs cascaded ever since our entry

[15:26] {KSystems} out last 1/4 Qs .85

[15:26] {Threei}  how nice this letter starts

[15:26] {Threei}  Dear One

[15:26] {Threei}  I foresee your surprise upon receiving this letter from a total stranger but plead for your tolerance, of not having the pleasure of knowing your mindset before sending you this letter but is for the betterment our both family future.

[15:26] {Threei}  I need to learn to speak like this

[15:26] {dino} ge capital dpwngraded by s&p

[15:26] {Threei}  magoo... not having the pleasure of knowing your mindset, I have no other option but to slap you silly for the betterment of our room

[15:26] {dino} mwiv sm l .12

[15:26] {Threei}  (US) FED CHAIRMAN BERNANKE: FUNDAMENTAL CHANGES ARE NEEDED FOR CREDIT CARD REGULATIONS

[15:26] {peterg} ok, benno, like what?

[15:26] {Threei}  like what?

[15:26] {peterg} great minds

[15:26] {Threei}  hehe

[15:26] {peterg} thinner, stronger plastic

[15:26] {peterg} bigger letters for older consumers

[15:26] {peterg} pastels

[15:26] {peterg} revolutionary new shape: round credit cards

[15:26] {Threei}  wow

[15:26] {dino} sm l afam .00

[15:26] {Threei}  I honestly don't know what is more scary - to leave this broken system as it is or to have these people talking about ""fundamental change""

[15:26] {Chaeron} change is good

[15:26] {Chaeron} just ask any Cuban from 1960

[15:26] {Threei}  WSJ REPORTS OBAMA TEAM DEVELOPED STIMULUS PACKAGE

[15:26] {dino} purple pills

[15:26] {peterg} lol

[15:26] {dino} tbsi l .77, stop lod

[15:26] {cosmo} lsd, it seems to me

[15:26] {Threei}  Qs should give scalpable bounce from just under .90

[15:26] {lisa_jay} in from .90

[15:26] {Threei}  stop under .85

[15:26] {dino} tbsi stopped -.13

[15:26] {Threei}  strange moves

[15:26] {Onix} GE downgraded ... CNBC

[15:26] {Threei}  hour old news

[15:26] {Onix} Buffet having a hard time

[15:26] {lisa_jay} Stopped on Q's, took it before your call Vad.

[15:26] {dino} randon market moves whipping me out everywhere

[15:26] {lisa_jay} yup

[15:26] {lisa_jay} tomorrow's expiry.

[15:26] {Threei}  WSJ REPORTS PRESIDENT ELECT OBAMA TEAM DEVELOPED STIMULUS PACKAGE OF $675-775B OVER 2 YEARS

[15:26] {Threei}  - says package could grow, could top out at $850B

[15:26] {Threei}  - Note: The high end was rumored to be $1T last weekend

[15:26] {dino} out in morning papers old

[15:26] {dino} and you tell me why bonds are rocling then, sheesh

[15:26] {Threei}  nothing is straightforward in this environemnt

[15:26] {wishbone} bonds are rocking dino?

[15:26] {dino} printing presses wide open bonds at all time highs

[15:26] {dino} tlt all time highs

[15:26] {dino} 20 year

[15:26] {Threei}  all the logical projections are being trashed

[15:26] {dino} tbt 2x short, collasped

[15:26] {Threei}  just thunk about half year - 9 months back,

[15:26] {Threei}  thnk

[15:26] {Threei}  thnk

[15:26] {Threei}  sheesh, I can't even type this word

[15:26] {dptl} think

[15:26] {Threei}  right

[15:26] {dptl} :)

[15:26] {cosmo} never

[15:26] {Threei}  how many of ""normal"" calculations about USD, gold, oil etc tunred out to be right?

[15:26] {Threei}  you know many experts who foresaw this USD rally and gold demise?

[15:26] {Threei}  new fators are being intorduced into play all the time

[15:26] {Threei}  factors

[15:26] {dino} oxy sm l .95

[15:26] {dino} everything i was taught is wrong

[15:26] {peterg} all your snakes are belong to us

[15:26] {peterg} (see youtube for further information)

[15:26] {Threei}  is it about damn snakes on the damn plane?

[15:26] {peterg} yessss

[15:26] {peterg} in part

[15:26] {Threei}  what's going on while I sleep?

[15:26] {lisa_jay} Dino's gut was right...selloff

[15:26] {peterg} hamsters again

[15:26] {peterg} snakes  got to thm

[15:27] {Threei}  sigh

[15:30] {dino} 1181 ndx gap from monday

[15:31] {dino} 868 s&p, dji filled

[15:41] {dino} out oxy .20, bad trade

[15:41] {dino} +.25\

[15:48] {lisa_jay} .

[15:51] {Threei}  really strange day

[15:51] {patience} quad witching tomorrow

[15:51] {lisa_jay} And i traded with size :-)  Murphy's law.

[15:52] {Threei}  yeah

[15:52] {Threei}  you did some good ones

[15:52] {lisa_jay} Following the rules / plan and trying not to freak out.

[15:53] {Threei}  well, freaking out is allowed

[15:54] {Threei}  right after trade is overt

[15:54] {Threei}  over

[15:55] {lisa_jay} Took a lot of stops but all under control...nothing that a good winning scalp cant wipe out tomorrow.

[15:56] {dino} gj lisa, afternoon was tough

[15:57] {lisa_jay} thanks Dino

[15:57] {Threei}  Ok guys, thank you all

[15:58] {Threei}  nmore weirdness tomorrow I guess

[15:58] {Threei}  will be restrained and picky

[15:58] {Threei}  have a good evening, see you in the morning

[15:58] {lisa_jay} Thanks Vad.

[15:58] {KSystems} Thank you 

[15:58] {Larisa1} see you

[15:58] {KSystems} and take care :)

[15:58] {dawg} thanks all

[15:58] {dptl} have a good evening all

[15:59] {lisa_jay} Hey Dawg...how was your day?

[15:59] {lisa_jay} DCC if possible.

[16:00] {dino} out mwiv .95-.17

[16:01] {dawg} so so Lisa still working with Laser it's awesome

[16:02] {lisa_jay} Yeah, so i have heard.

[16:02] {lisa_jay} You taking only Vad's calls 

[16:03] {dino} well, only a 340+ pt range today

[16:03] {dawg} not all of them went off on my own today and blew a couple of stops

[16:04] {dawg} trying to learn to set mental stops and I am down 40 bucks for the day

[16:04] {dino} not bad dawg, tough day.

[16:04] {lisa_jay} are you trading full size?

[16:04] {dino} you beat me

[16:05] {dawg} thanks dino but not in your league obviously

[16:05] {lisa_jay} Longs and shorts had it tough.

[16:05] {dino} rimm all over

[16:06] {dawg} no I am trading 200 on vads calls

Please review the content for the Bahamas Conference in April, 2009. You will find a lot of interesting topics, including five seminars by me. Please fill out the Survey to help finalize the planning.

First 30 minutes made the whole day - 3 winning trades of a nice size in quick succession, quite enough to go home. Not sure what we did the rest of the day but fun was had.

Session Time: Wed Dec 17 00:00:00 2008

[08:13] {Threei}  BALTIC DRY BULK INDEX +1%, AN 8TH STRAIGHT ADVANCE

[08:29] {Larisa1} good morning :) 4 inches of snow here. ice storm tomorrow :)

[08:31] {patience} good  morning Larisa1, snow here still too   :(   

[08:31] {cosmo} but it's save to back into the water maybe .... markt wise

[08:32] {Larisa1} then let it snow :)

[08:32] {Threei}  Good morning all

[08:32] {_elepet} Good morning 

[08:32] {Larisa1} gm pat, cosmo, threei

[08:32] {Threei}  elepet, larisa :)

[08:33] {_elepet} Larisa, are you the same one that was here in 2003?

[08:33] {Larisa1} no, i've changed a lot, 5 years older :)  

[08:33] {cosmo} i know the feeling

[08:34] {Threei}  I don't

[08:34] {cosmo} you will

[08:34] {Larisa1} lol

[08:34] {Threei}  I haven't changed since age of 11, except appearance

[08:34] {_elepet} nor i. and i bet i'm "older" than all of you.

[08:35] {cosmo} feeling like an 11 year old, traped in the body of an old man

[08:36] {cosmo} when i was 11, it was the other way around

[08:38] {_elepet} What is DSX? I notice it's the only one of the "Baltic" group you nentioned that is green pre market?

[08:39] {Threei}  http://www.dianashippinginc.com/

[08:40] {cosmo} ADBE

[08:40] {cosmo}     * [$$] Microsoft Targets Adobe in Web-Design Softwareat The Wall Street Journal Online(Tue 10:34pm)

[08:41] {Threei}  12/16/08 04:05pm [ADBE] Reports Q4 $0.60 v $0.58e, R $915M v $918Me

[08:41] {cosmo} # Adobe results at top end of viewReuters(Tue 8:37pm)

[08:42] {Onix} Hi there everybody

[08:43] {Threei}  onix :)

[08:43] {cosmo} JOYG: # Joy Global's 4Q profit rises on strong demandAP(Wed 8:29am)

[08:43] {cosmo} # UPDATE - Joy Global gives FY09 outlook below market viewat Reuters(Wed 8:08am)

[08:50] {cosmo} ADBE hi last night = 25.25   fwiw

[08:50] {Threei}  GOLDMAN'S ABBY JOSEPH COHEN PREDICTS S&P500 COULD MOVE UP MORE THAN 25% TO 1,150 BY 2010 -

[08:51] {Threei}  predicts that it could?

[08:51] {cosmo} maybe by friday ....maybe

[08:51] {Onix} must have a clear cristal ball

[09:00] {wishbone} gm all

[09:00] {Threei}  wish :)

[09:00] {Onix} hi wish

[09:01] {wishbone} hello onix

[09:02] {Raven}  The REAL LARISA !!!!!!!

[09:02] {Raven}  Good mornink

[09:02] {Threei}  Raven woke up :)

[09:02] {Raven}  Beautiful women do that to me

[09:03] {Onix} hi raven, long time no see

[09:03] {Raven}  Hi ... I have been watching you

[09:03] {Threei}  we behaved

[09:03] {Threei}  didn't we?

[09:03] {lisa_jay} Good Morning.

[09:03] {Raven}  uhh ... well, sort of

[09:03] {Threei}  lisa :)

[09:04] {Onix} hi lisa

[09:04] {lisa_jay} Hi Onix

[09:04] {Threei}  well, now and then I told them not to misbehave

[09:04] {Raven}  you acted worse than they did

[09:05] {Threei}  oops

[09:05] {Raven}  yes

[09:05] {Threei}  well, I have an excuse

[09:05] {Threei}  [08:34] {Threei} I haven't changed since age of 11, except appearance

[09:05] {Threei}  what's their excuse??

[09:05] {Raven}  lol

[09:07] {Raven}  5 inches of snow this morning here ... I hate it

[09:08] {cosmo} gee... i like snow

[09:08] {cosmo} sorry...

[09:08] {Raven}  damn grass is always greener

[09:08] {cosmo} without snow ... yes

[09:09] {Raven}  lol ... good point

[09:09] {cosmo} needs mowing

[09:10] {Geo} gm all

[09:10] {Raven}  I know ... guys show up once a week

[09:10] {Threei}  geo :)

[09:10] {dptl} good morning all

[09:10] {Threei}  dp the slacker :)

[09:10] {dptl} :)

[09:10] {Larisa1} HI Raven :) 

[09:10] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {dino} about 2" of ice

[09:11] {Raven}  Larosa ! :)

[09:11] {Onix} hi dino

[09:11] {Raven}  isa

[09:11] {Larisa1} you still can not type :)

[09:11] {Raven}  sigh ... I try

[09:12] {Larisa1} do not worry, I never could :)

[09:12] {cosmo} never worry?

[09:12] {Raven}  two finger technique here

[09:12] {Threei}  twice as good as mine

[09:12] {Raven}  what, me worry?

[09:13] {cosmo} just watch out for the shoes raven...

[09:13] {dino} :) onix

[09:14] {Raven}  shoes ... ya got me onthat one cosmo ...

[09:14] {cosmo} shoes from the press core ....sheesh

[09:14] {ese} howdeeeeee........

[09:14] {Raven}  ah ... duh ... I need tea

[09:15] {Threei}  ese :)

[09:15] {ese} hey vad

[09:15] {Onix} hi ese

[09:15] {ese} and alll

[09:17] {magoo} morning

[09:17] {Threei}  magoo :)

[09:18] {lisa_jay} Good morning Magoo.

[09:18] {Onix} hi mags

[09:19] {cosmo} CADX

[09:20] {cosmo} # Cadence Pharmaceuticals Announces Positive Topline Results of Phase III Clinical Trial of Acetavance in Laparoscopic SurgeryPR Newswire(Wed 9:00am)

[09:22] {tomg} good morning all

[09:22] {Onix} hi tom

[09:25] {Threei}  tom :)

[09:30] {KSystems} Hey...good morning

[09:30] {Threei}  ks :)

[09:31] {Onix} hi ks

[09:31] {Threei} Long Setup:  SLW  6 break if stays above 5.90

[09:33] {patience} no data from TSX to anybody, you have to laugh

[09:33] {Threei} Long Setup:  DRYS  11 break half lot

[09:33] {Threei}  if stays above 10.85

[09:35] {ese} who or what is slw vad

[09:35] {dino} crn sm s .00

[09:35] {magoo} indrys

[09:35] {Threei}  silver play

[09:36] {ese} news

[09:37] {cosmo} interest rate are so low, ese

[09:37] {cosmo} is

[09:37] {Threei}  DRYS over 1:1

[09:37] {Threei}  half out .25

[09:37] {Threei}  scalpers take profit

[09:38] {Threei}  SLW over 1:1, half out

[09:39] {lisa_jay} Thanks Vad, got 10 and 20c on SLW

[09:39] {Threei}  :)

[09:39] {lisa_jay} Got 20c on Drys.

[09:39] {Threei}  offering DRYS balance .35

[09:39] {Threei}  SLW, not sure yet

[09:39] {Threei}  stops under b/e of course

[09:40] {Threei}  out in full DRYS

[09:40] {dino} aapl support? 85ish?

[09:40] {lisa_jay} nice

[09:40] {Threei}  wow... no idea AAPL

[09:40] {magoo} out DRYS .59 TY vad

[09:40] {dino} gj drys

[09:41] {Threei}  wtg

[09:41] {lisa_jay} Wow Magoo.

[09:41] {Geo} nice magoo

[09:41] {magoo} hit top..was laid out there

[09:41] {Threei}  watch ENER for pullback entry if goes to 22.80 area

[09:42] {magoo} aapl had pretty good support 87 area...BUT theyt are downgrading it today

[09:42] {magoo} careful

[09:43] {Threei}  .45 - .50 break on ENER, small shares if you go for that, stop under .20

[09:44] {magoo} DRYS vad..has 12 easy

[09:46] {Threei}  looks like mags

[09:46] {magoo} reloaded it .60

[09:47] {peterg} morning, lots of activity!

[09:47] {magoo} out .82

[09:48] {dino} gj

[09:48] {Threei}  feel free to take profit on ENER here

[09:48] {magoo} [09:44] {magoo} DRYS vad..has 12 easy

[09:48] {Threei}  out SLW inb full +.45

[09:48] {Threei}  peter :)

[09:49] {magoo} that was nice..i didnt take cause it no move yesterday

[09:49] {Threei}  20 minutes into trading day, 3 1/2 wins

[09:49] {Threei}  can I go home?

[09:49] {magoo} nope

[09:49] {magoo} :)

[09:49] {Geo} whose the slacker

[09:50] {magoo} 12

[09:51] {dino} crn bstop to .86

[09:52] {magoo} vad DRYS is going against mkt here

[09:52] {Geo} wow early on ener

[09:52] {Threei}  yeah

[09:52] {Geo} beautifull beautifull day vad

[09:52] {Threei}  but it's way too volatile, big risk to oversit

[09:54] {ese} L UAUA .49

[09:54] {Geo} traded rimm from last close's memory

[09:55] {peterg} .look at RIMM--perfect batman!

[09:56] {Threei} Long Setup:  EGLE  .75 break smaller shares if stays above .60, and use DRYS as leading indicator for this one

[09:57] {magoo} vad,leyt me know if a call u make is slow ok?

[09:58] {Threei}  UAUA, ese... if breaks .60, with any market help should go closer to 11

[09:59] {dino} cov crn .91 +.09

[09:59] {ese} tks vad

[10:02] {Threei}  no worky EGLE

[10:02] {lisa_jay} q's could be head and shoulders?

[10:03] {ese} uaua looking weak here

[10:03] {ese} needs to take that shot at .60

[10:03] {Threei}  looks fine to me so far ese

[10:03] {Threei}  stays near the high during masrket selling

[10:04] {magoo} q bounce vads?

[10:04] {dino} ebs hl s .15

[10:04] {Threei}  no read here mags, 50/50

[10:05] {magoo} somewhere vad

[10:06] {cosmo} CDNS testy

[10:07] {Onix} ty Vad, i got 14c + 36c + 41c in SLW

[10:07] {Threei}  :)

[10:09] {Threei}  UAUA just needs little encouragement form the market, holding amazingly well

[10:10] {Threei}  in fact, if market bounces, .60 break is new trigger on it

[10:10] {magoo} l q here 30

[10:11] {magoo} drat didnt see that red bar coming

[10:11] {ese} I see what you mean vad....showing strenght during market selling

[10:12] {ese} naz going dn and it hangs in there

[10:12] {ese} opps

[10:12] {Threei}  hopefully we get bounce soon enough

[10:12] {Threei}  salmon like this can lose patience and give up

[10:12] {dino} ebs bstop to .27, not moving

[10:12] {cosmo} CDNS: # UPDATE - Cadence's pain drug meets main goal; shares jumpat Reuters(Wed 9:57am)

[10:13] {cosmo} fwiw

[10:13] {lisa_jay} Vad, you have obsession with fish.  Salmon, trout.

[10:13] {Threei}  hmmm

[10:13] {Threei}  really

[10:13] {Geo} but they tase sooooogood...................

[10:13] {cosmo} i like red salmon that turn green

[10:14] {lisa_jay} lol Cosmo

[10:14] {Threei}  that could be unhealthy cosmo

[10:14] {cosmo} not if its healing

[10:14] {cosmo} in a down mkt

[10:15] {magoo} vad go to q lev 2

[10:15] {lisa_jay} Q's could go to 29.45 - 29.55 area.

[10:15] {magoo} are your bids off?

[10:16] {Threei}  no... looks ok

[10:16] {magoo} mine have been for 2 days 

[10:16] {Threei}  .87

[10:16] {magoo} 99

[10:16] {magoo} server?

[10:16] {Threei}  4

[10:16] {magoo} me too how can that be?

[10:16] {magoo} INETb

[10:17] {magoo} did u do last download?

[10:17] {Threei}  no

[10:17] {lisa_jay} Our platform had issue with a stuck quote yesterday.  Had to be flused out.  Ok now Mags.

[10:17] {magoo} i didnt

[10:17] {magoo} whats flused out?

[10:17] {lisa_jay} Some stuck quote in Chago, they did it at their end.  

[10:17] {Threei}  slw

[10:18] {lisa_jay} Chicago.

[10:18] {magoo} even UAUA vad,has bid stuck .51

[10:18] {lisa_jay} I did not have to do anything.

[10:18] {Threei}  not here magoo

[10:18] {Threei}  .48 x .49

[10:18] {magoo} wghat should i do?

[10:18] {Threei}  try to switch servers back and forth

[10:18] {magoo} cant hide inetb because offers are there

[10:18] {magoo} did u do lastr download?

[10:19] {Threei}  [10:17] {magoo} did u do last download?

[10:19] {Threei}  [10:17] {Threei} no

[10:19] {dino} ebs stopped -.13

[10:19] {magoo} all servers same

[10:20] {magoo} hard to trade this way

[10:20] {ese} come on UAUA...don't wanna have to take the 5th on ya.....

[10:23] {Threei}  10:22:42 ADMIN7 --} (All): INETsticky quotes caused by data provider issues. They are working to resolve it as soon as possible. We are pushing them very hard.

[10:23] {patience} toronto still hasn't opened, data problemds

[10:23] {magoo} misery luvs company he he

[10:24] {ese} this country has had data problems since it's inception

[10:25] {magoo} hey larisa..are u my old girlfriend from new jersey? 

[10:25] {Larisa1} are you rich and handsome ?

[10:25] {dino} sm s ksu .60

[10:25] {Threei}  lol

[10:26] {ese} uaua stopped........bloddy(as the english would say) heck!

[10:26] {patience} i like this girl

[10:26] {magoo} no..fat drunk and stupid is how i chose to go thru life

[10:26] {Larisa1} then yes 

[10:26] {magoo} ROFLOL

[10:26] {Chaeron} Good morning all... 

[10:27] {Chaeron} Hi Larisa

[10:27] {Chaeron}  :)

[10:27] {ese} hmmmmmmm....do not mess with larisa.......

[10:27] {dino} lol

[10:27] {Threei}  chaeron :)

[10:27] {Onix} hi chaeron

[10:27] {Chaeron} I've been telling you that for a long time ese

[10:27] {ese} CCCCCCHHHHHHHH baby!!!!!!!

[10:27] {magoo} chaerBROIL

[10:27] {Larisa1} morning Chaeron :)

[10:27] {magoo} no one else receives a greeting like chaer..u special :)

[10:27] {Chaeron} hehehHeya magoo, threei, Onyx :)

[10:28] {ese} and....and.....

[10:28] {Chaeron} :P

[10:28] {ese} and....and.....

[10:28] {magoo} vad..got a read DRYS?

[10:29] {Threei}  not here

[10:29] {magoo} ok

[10:30] {ese} L 1/2 lot UAUA .40

[10:35] {magoo} DRYS is going to 13 vad..not a trade call 

[10:35] {Threei}  DOE CRUDE: +525KV UNCHANGED EST.; GASOLINE: 1.29M V +1.3ME

[10:38] {ese} L another 1/2 lot UAUA.50

[10:39] {Geo} adbe real week

[10:39] {Geo} weak lol

[10:39] {ese} sucker for punishment maybe?

[10:42] {Threei}  beautiful UAUA ese

[10:42] {ese} will it break 11.00 vad do you think

[10:42] {ese} ua that is?

[10:42] {Geo} i chickened and dumped at .64

[10:42] {ese} geo baby.....you left me hangin???? how could ya

[10:42] {Threei}  hard to tell with this erratic market action

[10:43] {Geo} in profit protection mode

[10:43] {Geo} did too well early morning

[10:43] {Geo} lol

[10:43] {Geo} oh yeah

[10:43] {Geo} thanks lord vader

[10:43] {magoo} i cant take ittttttt in DRYS

[10:47] {dino} sm wide l axys .40

[10:48] {magoo} out DRYS here .22

[10:49] {magoo} +.22

[10:49] {magoo} i am what i am...a scalpin' fool

[10:49] {dino} ok popeye

[10:49] {Geo} a RICH scalping fool

[10:50] {Threei}  what the deuce

[10:50] {Threei}  UAUA

[10:50] {Geo} yeah...

[10:50] {Threei}  that was disgusting

[10:50] {Geo} you out ese?

[10:51] {dino} stewie

[10:51] {ese} no still hangin in there......think there may be bigetr things

[10:52] {Threei}  DRYS just keeps consolidating and making new highs

[10:52] {ese} considered adding another 1/2 lot at .50 again

[10:52] {Geo} hans i likeeeee

[10:52] {magoo} DRYS is THE salmopn vad

[10:52] {ese} the market technical setup looks OK....bull flag

[10:54] {ese} on the NAZ anyway

[10:57] {dino} hl l rimm .00

[10:58] {Geo} .

[10:58] {ese} uaua vad opinion?

[10:59] {lisa_jay} Geo Dcc please q about how to place stops in TOS.

[11:00] {Geo} i dont know lisa

[11:00] {Geo} have them but never traded equities on it

[11:00] {lisa_jay} Actually, let me just try to figure out how to DCC first, sigh.

06[11:01] * lisa_jay slaps Geo around a bit with a large trout

[11:01] {lisa_jay} sorry.  

[11:02] {Chaeron} Hi Lisa - just right click on the name of the person that you want to DCC with 

[11:02] {Chaeron} roflol

[11:02] {lisa_jay} not working...tried both the DCC options.

[11:02] {ese} would have been harder slp if it was Larisa.....

[11:02] {Chaeron} oh you wouldn't be typing yet if Larisa hit you

[11:03] {ese} that would be hard

[11:03] {Chaeron} tried double clicking on the nick too?

[11:03] {lisa_jay} Thank you so much Chaeron.

[11:04] {Chaeron} mp

[11:04] {Threei}  ese... really can't tell in this jerky market

[11:04] {Chaeron} what did you call me Vad?

[11:04] {Threei}  I have too wide choice chaeron...

[11:05] {Threei}  not sure which partuclar time you mean

[11:05] {Chaeron} lol

[11:06] {ese} tks vad

[11:06] {Threei}  shesh SLW

[11:06] {Threei}  just won't stop

[11:07] {ese} auch...new aye.......will  yee new goooo  dune agin.

[11:08] {patience} that would be the christmas bottle of scotch ese just opened

[11:08] {lisa_jay} lol

[11:08] {Geo} oh i thought that was gaelic

[11:08] {ese} speaking of that ....you two need to pop over....

[11:08] {Threei}  swuahili?

[11:09] {patience} sounds good ese, but you are what about an 8 minute walk from my house....have they cleared the streets yet?

[11:10] {ese} always keep this in mind for the Christmas season....."ALCHOHOL WORKS"!!!!!!!

[11:10] {Threei}  FYI victorians

[11:10] {Threei}  huge dark cloud moves from East

[11:11] {dino} indeed es, indeed

[11:11] {Threei}  I am not sure why you narrow it down to Christmas season, ese

[11:11] {patience} ok, vad has popped open the vodka

[11:11] {Threei}  as if I ever closed it

[11:11] {ese} and that dark cloud would be a ???????

[11:12] {KSystems} A Nissan, ese

[11:12] {Threei}  every time I try, dp is right there grabbing my hand and saying resounding NO

[11:12] {ese} ha ha ha ha ha ha....good one!

[11:12] {dptl} lol

[11:12] {Threei}  I am afraid that's that snow they promised us for today

[11:12] {Threei}  courtesy of Al Gore

[11:12] {Larisa1} next time be nicer to Al Gore

[11:13] {Larisa1} lol

[11:13] {Threei}  lol

[11:14] {Chaeron} heheh.. {{rolling eyes

[11:14] {ese} right then lads........lets make that run at 11 now shall we 

[11:14] {Geo} hey dont make fun of him

[11:14] {Geo} he invented the internet for you people to trade

[11:17] {cosmo} ice sheets i say!

[11:17] {Threei} Long Setup:  MS  .50 break if holding above .35

[11:17] {ese} auch du miya......the wait here is driving me nuts

[11:20] {cosmo} btw - CDNS would be a green salmon...

[11:22] {Threei}  nig drop DRYS

[11:22] {Threei}  big

[11:27] {ese} those of you that live on the island........what does a wind storm and a divorce in East Sooke have in common?  either way....you loose the trailer!

[11:27] {dino} rimm s .60

[11:27] {lisa_jay} lol

[11:28] {patience} cute ese

[11:28] {Threei}  OPEC'S KHELIL: NON-OPEC NATIONS HAVE NOT AGREED TO CUT ANY OIL PRODUCTION

[11:28] {wishbone} hey i live in e sooke

[11:28] {patience} and a  beautiful place it is

[11:28] {wishbone} just kidding ese :)

[11:28] {ese} good one.....

[11:28] {Threei}  that dark cloud is not moving... is it snowing at your neck of the woods, dp?

[11:29] {ese} raining...

[11:29] {patience} raining

[11:29] {dptl} yeah...big time

[11:29] {ese} suppose to turn to snow

[11:29] {Threei}  thought so, it looks like it's over Vancouver

[11:29] {Chaeron} pru

[11:30] {cosmo} just like in so.cal. ....today

[11:30] {ese} thats dp smoking outside....

[11:30] {Geo} low 50s here with rain :(

[11:30] {dino} cov rimm .48.,+.12

[11:30] {ese} where are you Geo?

[11:32] {dino} mwiv blood

[11:33] {magoo} dino..u buy beer for the office xmas party??

[11:33] {Geo} socal

[11:33] {Geo} ese

[11:34] {ese} huh?

[11:34] {Geo} ab out 50 miles north of chaeron

[11:34] {Geo} los angeles

[11:34] {ese} wheres that?

[11:34] {ese} ahhhhh

[11:34] {dino} y

[11:34] {Geo} socal = southern cali

[11:34] {ese} same neck of the woods...west coasr

[11:34] {dino} soco, southern comfort

[11:34] {Geo} vancouver?

[11:35] {ese} victoria....on vancouver island

[11:35] {Geo} heh just bought the Big bottle...

[11:35] {Chaeron} I want to go to Whistler

[11:35] {Geo} ahh vacationed there a few yrs ago

[11:35] {ese} no you don't

[11:35] {ese} ski lift just colpased yesterday

[11:36] {Chaeron} oh geesh

[11:36] {ese} colapsed

[11:36] {ese} nobody killed though

[11:37] {dino} mwiv sm l .30

[11:37] {dino} .00 i mean

[11:37] {lisa_jay} Obama speaking

[11:38] {KSystems} uaua

[11:38] {cosmo} the president is near...

[11:38] {ese} ua baby!!!!! go for it

[11:38] {dino} ksu cov .50, +.10 

[11:40] {dino} sm l cpla .28

[11:52] {magoo} .

[11:53] {dino} afam sm l .60, stop lod

[12:01] {ese} out uaua .75 

[12:02] {ese} + .31 on a full lot

[12:02] {Threei}  beauty

[12:02] {patience} nice ese

[12:02] {dino} gj

[12:03] {ese} tks...can now go into school with appropriate ego.....swear and curse at the principal,...threaten to quit...have found a better job....alll the usual stuff

[12:03] {ese} see ya tomorrow....

[12:03] {Threei}  beat him up with a trout?

[12:03] {Threei}  take care ese :)

[12:04] {ese} indeed

[12:04] {Geo} heheh ese

[12:04] {Geo} my thought exactly

[12:04] {Geo} i work for a univ

[12:04] {Geo} everytime i cross my daily i have this extra swagger at work

[12:04] {Geo} lol

[12:05] {Geo} its vads fault

[12:05] {dino} lol

[12:05] {Threei}  sorry Geo

[12:06] {Threei}  I'll accept the blame with proper humility

[12:10] {dino} out cpla ave .40, +1.12

[12:10] {magoo} WHATTTTTTTT

[12:11] {dino} 11:40] {dino} sm l cpla .28

[12:12] {lisa_jay} nice

[12:12] {dino} ty

[12:13] {Threei}  what the deuce?

[12:13] {magoo} cant believe i missed that Q bounce ARRRRRRRRRR

[12:13] {Threei}  and why stocks don't follow the index?

[12:13] {Geo} hmmm say strong after ditching the purchase

[12:18] {magoo} my quotes are STILL stuck btw

[12:19] {patience} toronto is still closed btw

[12:19] {Threei}  sheesh

[12:20] {magoo} only thru my superior genetic breeding am i able to still trade profitably under these inferior quote circumstances

[12:21] {Threei}  lol

[12:21] {Threei}  guys, I am sorry but I'll have to leave for couple hours

[12:21] {magoo} slacker

[12:22] {Onix} we will miss you

[12:22] {Threei}  it really looks like city may become impassable for couple days, and there is no food in the house

[12:22] {Threei}  will be back asap

[12:22] {magoo} u have fat resrves lol

[12:22] {Onix} drive safely

[12:22] {patience} there goes magoo's bonus

06[12:22] * Threei slaps magoo around a bit with a large book of healthy and tasty foods

[12:22] {KSystems} there goes magoo's membership!

[12:23] {magoo} sigh..AGAIN..K

[12:23] {KSystems} oh you have experience in this?

[12:23] {magoo} been on double secret probation before..yes

[12:36] {patience} ok, if the tsx doesn't want to take my money, the mall will....see you guys later

[12:38] {Onix} drive careful patience, see ya

[12:40] {lisa_jay} Magoo, have your quotes been corrected?

[12:40] {dino}   cya patience

[12:41] {dino} magoo stepped out

[12:42] {lisa_jay} thanks Dino

[12:42] {dino} np

[12:46] {dino} ksu s .79

[12:48] {magoo} back and no to quotes

06[12:48] * magoo slaps laserdave1 around a bit with a large large dose of whatsup?

[12:57] {dino} ksu bstop is .98

06[13:09] * laserdave1 slaps magoo around a bit with a large trout

[13:10] {magoo} dcc dave

[13:10] {dino} ksu stopped

[13:13] {dino} tbt l .95

[13:33] {dino} out tbt .07, +.12

[13:39] {magoo} mkts green

[13:39] {magoo} i hear hoofs steps on the roof top

[13:43] {dino} mwiv out .88, +.88

[13:44] {Onix} brilliant!

[13:44] {dino} took like years

[13:45] {Onix} guts & patience hey?

[13:46] {dino} luck more like it

[13:46] {Onix} ya right, like Gary Player once said "The more I practice, the luckier I get"

[13:47] {dino} lol

[13:51] {Larisa1} vad's MS 16.50 breakout play worked one hour later. he was just too early. nice 

[13:58] {Onix} you played it?

[13:58] {Larisa1} no, i am just watching him closely.. still great trader :)

[14:00] {dino} out afam .95, +.35

[14:00] {Onix} gj again!

[14:01] {dino} ty

[14:01] {dino} i just suck in the a.m.

[14:14] {Geo} i suck without vad in the rooms

[14:15] {dino} mwiv sm l .49

[14:35] {Onix} now just look what "they" do to the market when Vad is not there to watch them

[14:51] {magoo} magoo kickin thge Q

[14:52] {Larisa1} your name means "i can" in russian so kick away :)

[14:54] {Threei}  hey... I see market didn't do much eh?

[14:54] {lisa_jay} Welcome back.

[14:54] {Threei}  ty

[14:54] {Threei}  to mark my entrance:

06[14:54] * Threei slaps magoo around a bit with a large ball of snow

[14:55] {Onix} welcome back, i see you navigated the snowy roads successfully

[14:55] {Threei}  just a sleet

[14:55] {Threei}  for now

[14:56] {Threei}  but from what I saw on the east, we won't hear much from Gulf islands till April

[14:56] {Threei}  OK

[14:56] {Threei}  DRYS

[14:56] {Threei}  11.80 established as a nice support to break

[14:57] {Threei}  if market continues down, watching it for a nice close resistance

[14:57] {Threei}  so far it's 12 but I'd like to see something a little tighter

[14:57] {Threei}  not sure about 12 break as a long in case of market upward surge

[14:57] {magoo} bnutr sir.mkts going up

[14:58] {magoo}  bnutr

[14:58] {magoo} siggh

[14:58] {magoo} sigh

[14:58] {magoo} that was but

[14:58] {lisa_jay} lol

[14:58] {Threei}  who is bnutr?

[14:58] {Threei}  your pet name for Rabindranat Tagor?

[15:00] {magoo} hang on..ew going ballistic mav

[15:01] {Threei}  awww

[15:01] {Threei}  MS got away

[15:01] {magoo} this is mav...im supersonic..will be profitable in 30 seconds

[15:02] {magoo} man i luv bangin the q's

[15:02] {magoo} why didn't i trade them 3 mnonths ago i ask

[15:03] {Threei}  {Q's} yeah but do you really have to tell everybody... :(

[15:03] {magoo} mac machine

[15:03] {magoo} i told dino and he snipped at me

[15:04] {magoo} said doesn't like being told anything 

[15:04] {lisa_jay} where are u long from Magoo on the Q's?

[15:04] {magoo} then he threw a blow pop at me

[15:04] {magoo} so allz good..cause they are magoo favorite

[15:05] {magoo} long gone now .20 to .40

[15:05] {lisa_jay} Ok thanks.

[15:05] {dino} (dino) too much stuff going on to listen to magoo

[15:10] {Larisa1} LLTC is narrow today. not enough steam to stay over 24 resist

[15:10] {dino} can't say the same about magoo larisa

[15:11] {Larisa1} lol

[15:11] {magoo} that does it

06[15:11] * magoo slaps Larisa1 around a bit with a large old gift she gave him while dating

[15:12] {Larisa1} will not work, i will not return the diamonds

[15:12] {magoo} i like that name "larisa" :)

[15:14] {Larisa1} ty

[15:15] {Threei}  more and more thinking short on DRYS

[15:16] {magoo} l aapl as close to 89 u can get

[15:16] {magoo} small stop .74

[15:17] {magoo} its goin for 90 with mkt help 

[15:17] {magoo} RISKY

[15:19] {Threei}  OK

[15:19] {Threei}  resistance for a stop is 12.05

[15:19] {Threei}  just try to catch it as close to it as possible for a nice tight stop

[15:19] {lisa_jay} R u in teh Drys trade Vad?

[15:19] {Threei}  in .99

[15:20] {Threei}  can I afford 6 cents stop?

[15:20] {Threei}  YES I CAN!

[15:20] {magoo} first aapl exit would be 60 area

[15:20] {lisa_jay} Agh!  Not shortable.

[15:20] {dino} tbt l .10

[15:20] {Threei}  need market to go down now

[15:20] {magoo} iun .29

[15:21] {lisa_jay} Kicking one end of market up for Magoo and one end down for Vad.

[15:21] {Threei}  lol

[15:21] {magoo} lol'

[15:21] {Threei}  redefining multitasking

[15:22] {magoo} nice kick

[15:22] {Threei}  kick the other side now

[15:23] {lisa_jay} Wait will get kid to help.

[15:23] {Threei}  thank you, just right side

[15:23] {Threei}  die DRYS

06[15:27] * Threei hits DRYS over the head with 2x4 with rusty nails

[15:27] {magoo} aapl stop

[15:27] {Threei}  half out DRYS

[15:27] {Threei}  .90

[15:27] {lisa_jay} sorry magoo.  

[15:27] {Threei}  scalpoers have over 1:1

[15:28] {Threei}  out in full

[15:28] {Threei}  .85

[15:28] {Threei}  anyone??

[15:28] {jmb} Thanks Vad

[15:28] {lisa_jay} Not avail able for me.

[15:29] {wishbone} out .86 ty vad

[15:29] {Threei}  welcome guys

[15:29] {patience} just watching, no fun without the tsx up yet

[15:29] {Onix} me still in with 100sh

[15:29] {Threei}  with that stellar morning, I am in firm scalping mode onix

[15:29] {Threei}  taking easy money and never looking back

[15:31] {Onix} all out, ty i got 16c

[15:31] {Threei}  :)

[15:33] {Larisa1} what made you think DRYS short share pls.  

[15:33] {Threei}  couldn't over come resistance during market upward spikes, it used to be much more willing over last week or so

[15:34] {Threei}  started downticking much easier when market stalled or pulled back

[15:35] {Larisa1} tks

[15:41] {Threei}  weird spikes

[15:42] {magoo} dino called it

[15:43] {dino} out mwiv .89, +.40

[15:43] {Threei}  quick scalp idea with tight stop:

[15:43] {Onix} gj!

[15:43] {magoo} dinos really good in the afternoon

[15:43] {Threei}  MS, .16 long if stays above .10

[15:43] {dino} thx

[15:45] {Geo} still valid?

[15:45] {Threei}  DRYS newfound enthusiasm

[15:45] {Threei}  barely

[15:46] {Threei}  nah

[15:46] {Geo} yup

[15:50] {Onix} that DRYS is unbelieveable!

[15:50] {Threei}  DRYS is posessed

[15:51] {Threei}  see that foam at the mouth?

[15:51] {Onix} lol

[15:51] {magoo} 13 vad

[15:51] {Threei}  not today

[15:52] {dino} out tbt .24, +.14

[15:52] {Onix} nice

[15:53] {dino} ty

[15:58] {Onix} the bulls & bears can put up a good fight hey?

[15:58] {lisa_jay} Vad, quick DCC please.

[15:58] {Onix} maybe a better trading day tomorrow, bye for now

[15:58] {wishbone} good nite all

[15:58] {wishbone} cyaonix

[15:58] {Threei}  better??

[15:59] {Threei}  what was wrong with this one?

[15:59] {Onix} not bad, but i know i can do better

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {Larisa1} bye :)

[16:00] {dptl} have a good evening all

[16:00] {magoo} ty vad..all

[16:01] {dawg} thanks all

[16:01] {dino} thx all, good time

Dec 16 2008

Fair day, but plagued by multiple disconnections. The log is littered by replays that occur on reconnection, and I really am not not up to editing it all... posting as is, sorry. Just scroll past long string with the same time stamp after the line saying Disconnected.

Session Time: Tue Dec 16 00:00:00 2008

[07:43] {Threei}  (RU) RUSSIAN OIL MIN OFFICIAL: RUSSIA MAY HOLD TALKS WITH OPEC THIS WEEK REGARDING ENTRY TO THE ORGANIZATION, TALKS TO INCLUDE SAUDI ARABIA AND ALGERIA

[07:47] {Threei}  FOMC EXPECTED TO CUT, AND SHED LIGHT ON QUANTITATIVE EASING

[07:47] {Threei}  - The overwhelming consensus amongst analysts is for a 50bps cut at today's FOMC meeting. The January Fed Fund Futures contract is fully pricing in a 50bps cut, and about a 60% chance of a 75bps cut. A 50bps cut would put the target rate at 0.50%, the lowest on record. A 75bps cut would put the target rate at 0.25%, below base rates in Switzerland (0.50%), and Japan (0.30%).

[08:03] {magoo} morning

[08:03] {Threei}  morning mags

[08:03] {magoo} hi vad

[08:04] {magoo} u watching GS?

[08:05] {Threei}  no... should I?

[08:05] {magoo} reports this morn...

[08:05] {magoo} have they yet?

[08:07] {Threei}  no

[08:07] {Threei}  will try to post as soon as they do

[08:07] {Threei}  (US) TREASURY'S MCCORMICK: THE TREASURY IS WORKING ON A NEW SET OF PROGRAMS FOR TARP FUNDS, THE ORIGINAL $700B TARP FIGURE "WAS APPROPRIATE" - CNBC INTERVIEW

[08:07] {magoo} ty

[08:13] {Threei}  BALTIC DRY BULK INDEX RISES 3.1% , 7TH STRAIGHT INCREASE

[08:13] {Threei}  - Capseize rates exceed $10k for the first time since Oct 17th

[08:16] {Threei}  GS

[08:16] {Threei}  REPORTS Q4 -$4.47 V -$3.50E, REV -$1.58B V $931.6ME, TIER 1 CAPITAL RATIO 15.6%

[08:17] {Threei}  SLW bidder nears yesterday's 5.15 high

[08:31] {Threei}  *NOV HOUSING STARTS: 625K V 736KE; BUILDING PERMITS: 616K V 700KE - FRESH 50 YEAR LOWS

[08:31] {Threei}  - Prior Housing Starts revised from 791K to 771K

[08:31] {Threei}  NOV CONSUMER PRICE INDEX M/M: -1.7% V -1.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 212.4 V 212.7E

[08:31] {Threei}  - CPI y/y: 1.1% v 1.5%e

[08:31] {Threei}  - Core CPI Y/Y: 2.0% v 2.1%e

[08:33] {magoo} GS rocking vad

[08:33] {patience} good morning everybody.....my roses just don't like this snow vad...what to do?

[08:34] {Threei}  to tell them "there there, it's gonna be OK"....

[08:37] {magoo} is fed rate decision today or wed?

[08:37] {Geo} gm all

[08:37] {Threei}  today

[08:37] {Threei}  Geo :)

[08:47] {lisa_jay} Hi Vad.

[08:47] {lisa_jay} Goodmorning everyone.

[08:47] {Threei}  Lisa :)

[08:53] {lisa_jay} Vad, a quick question reagarding the 20ma that you use.

[08:53] {lisa_jay} Is it 20 EMA or 20SMA.  Thanks.

[08:54] {Threei}  sma

[09:00] {KSystems} Good morning!!

[09:03] {Threei}  KS :)

[09:06] {ese} good morning.......

[09:07] {Threei}  ese :)

[09:07] {dino} gm all

[09:08] {Threei}  dino :)

[09:11] {_elepet} good morning to you

[09:11] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:12] {ese} sorry up.25......

[09:12] {Onix} Good morning all

[09:13] {ese} onix...

[09:14] {wishbone} gm all

[09:14] {Larisa1} good morning

[09:14] {ese} wish....larisa

[09:15] {Threei}  onix, wish, larisa :)

[09:15] {wishbone} hi ese

[09:15] {Onix} hi larisa & wishbone

[09:15] {Threei}  ese... 11.50 is critical juncture for it

[09:16] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:16] {ese} yes......

[09:16] {ese} tks

[09:16] {Threei}  some minor resistance on the way,

[09:16] {Threei}  but if market helps, they won't matter much

[09:16] {ese} tks vad

[09:17] {_elepet} hello larissa

[09:17] {Threei}  elepet :)

[09:18] {peterg} morning all

[09:18] {Threei}  peter :)

[09:18] {Onix} hi peter

[09:18] {peterg} yo onix

[09:19] {Larisa1} elepet, onix :)

[09:22] {Threei}  be back in 5

[09:26] {Threei}  keep an eye on SLW

[09:26] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:27] {Threei}  and of course usual suspect... DRYS

[09:28] {Threei}  premarket chart has 10.90 as break level, but I'd prfer drop and entry for bounce

02[09:28] * Disconnected

02[09:29] * Attempting to rejoin channel #discussions

03[09:29] * Rejoined channel #discussions

[09:29] {Threei}  (RU) RUSSIAN OIL MIN OFFICIAL: RUSSIA MAY HOLD TALKS WITH OPEC THIS WEEK REGARDING ENTRY TO THE ORGANIZATION, TALKS TO INCLUDE SAUDI ARABIA AND ALGERIA

[09:29] {Threei}  FOMC EXPECTED TO CUT, AND SHED LIGHT ON QUANTITATIVE EASING

[09:29] {Threei}  - The overwhelming consensus amongst analysts is for a 50bps cut at today's FOMC meeting. The January Fed Fund Futures contract is fully pricing in a 50bps cut, and about a 60% chance of a 75bps cut. A 50bps cut would put the target rate at 0.50%, the lowest on record. A 75bps cut would put the target rate at 0.25%, below base rates in Switzerland (0.50%), and Japan (0.30%).

[09:29] {magoo} morning

[09:29] {Threei}  morning mags

[09:29] {magoo} hi vad

[09:29] {magoo} u watching GS?

[09:29] {Threei}  no... should I?

[09:29] {magoo} reports this morn...

[09:29] {magoo} have they yet?

[09:29] {Threei}  no

[09:29] {Threei}  will try to post as soon as they do

[09:29] {Threei}  (US) TREASURY'S MCCORMICK: THE TREASURY IS WORKING ON A NEW SET OF PROGRAMS FOR TARP FUNDS, THE ORIGINAL $700B TARP FIGURE ""WAS APPROPRIATE"" - CNBC INTERVIEW

[09:29] {magoo} ty

[09:29] {Threei}  BALTIC DRY BULK INDEX RISES 3.1% , 7TH STRAIGHT INCREASE

[09:29] {Threei}  - Capseize rates exceed $10k for the first time since Oct 17th

[09:29] {Threei}  GS

[09:29] {Threei}  REPORTS Q4 -$4.47 V -$3.50E, REV -$1.58B V $931.6ME, TIER 1 CAPITAL RATIO 15.6%

[09:29] {Threei}  SLW bidder nears yesterday's 5.15 high

[09:29] {Threei}  *NOV HOUSING STARTS: 625K V 736KE; BUILDING PERMITS: 616K V 700KE - FRESH 50 YEAR LOWS

[09:29] {Threei}  - Prior Housing Starts revised from 791K to 771K

[09:29] {Threei}  NOV CONSUMER PRICE INDEX M/M: -1.7% V -1.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 212.4 V 212.7E

[09:29] {Threei}  - CPI y/y: 1.1% v 1.5%e

[09:29] {Threei}  - Core CPI Y/Y: 2.0% v 2.1%e

[09:29] {magoo} GS rocking vad

[09:29] {patience} good morning everybody.....my roses just don't like this snow vad...what to do?

[09:29] {Threei}  to tell them ""there there, it's gonna be OK""....

[09:29] {magoo} is fed rate decision today or wed?

[09:29] {Geo} gm all

[09:29] {Threei}  today

[09:29] {Threei}  Geo :)

[09:29] {lisa_jay} Hi Vad.

[09:29] {lisa_jay} Goodmorning everyone.

[09:29] {Threei}  Lisa :)

[09:29] {lisa_jay} Vad, a quick question reagarding the 20ma that you use.

[09:29] {lisa_jay} Is it 20 EMA or 20SMA.  Thanks.

[09:29] {Threei}  sma

[09:29] {KSystems} Good morning!!

[09:29] {Threei}  KS :)

[09:29] {ese} good morning.......

[09:29] {Threei}  ese :)

[09:29] {dino} gm all

[09:29] {Threei}  dino :)

[09:29] {_elepet} good morning to you

[09:29] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:29] {ese} sorry up.25......

[09:29] {Onix} Good morning all

[09:29] {ese} onix...

[09:29] {wishbone} gm all

[09:29] {Larisa1} good morning

[09:29] {ese} wish....larisa

[09:29] {Threei}  onix, wish, larisa :)

[09:29] {wishbone} hi ese

[09:29] {Onix} hi larisa & wishbone

[09:29] {Threei}  ese... 11.50 is critical juncture for it

[09:29] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:29] {ese} yes......

[09:29] {ese} tks

[09:29] {Threei}  some minor resistance on the way,

[09:29] {Threei}  but if market helps, they won't matter much

[09:29] {ese} tks vad

[09:29] {_elepet} hello larissa

[09:29] {Threei}  elepet :)

[09:29] {peterg} morning all

[09:29] {Threei}  peter :)

[09:29] {Onix} hi peter

[09:29] {peterg} yo onix

[09:29] {Larisa1} elepet, onix :)

[09:29] {Threei}  be back in 5

[09:29] {Threei}  keep an eye on SLW

[09:29] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:29] {Threei}  and of course usual suspect... DRYS

[09:32] {magoo} ar..missed drys

[09:32] {Threei}  sharp jump out of the gate, DRYS

[09:32] {Threei}  need pullback

[09:33] {magoo} BBY nuts

[09:35] {Threei}  DRYS bounce candidate closer to 11

[09:36] {KSystems} Hello kobran

[09:36] {dino} welcome kobran

[09:37] {_kobran} GM

[09:37] {Threei}  morning kobran

[09:38] {Threei} Long Setup:  DRYS  .30 break half lot, stop under .10

[09:38] {Threei}  risky one, market is jerky

[09:39] {ese} long DRYS 1/2

[09:39] {ese} .34

[09:40] {magoo} in 

[09:40] {Threei}  look to partial out or take scalp closer to .50

[09:40] {Threei}  right here

[09:40] {Threei}  half out for me

[09:40] {ese} that daily chart show clear sailing almost to 20

[09:40] {Geo} ty

[09:40] {magoo} out .51 TY

[09:40] {magoo} got in .25

[09:41] {KSystems} half out .53

[09:41] {Threei}  stop for the balance is .25

[09:42] {Threei}  ugh... missed SLW

[09:43] {Threei}  pulled back perfectly close to 5

[09:43] {Threei}  DRYS needs to break .40 now

[09:43] {Threei}  or not likely to work for the balance

[09:43] {dino} t l .48

[09:44] {Threei}  out second half

[09:44] {Threei}  scalps rule still

[09:46] {magoo} oh great..cramer says today starts xmas rally

[09:46] {Geo} bby paid well

[09:46] {Geo} thanks magoo

[09:47] {ese} stopped drys....10 - .24

[09:47] {magoo} ?

[09:47] {Threei}  you took break on it geo?

[09:47] {Geo} yeah with ES

[09:47] {Geo} to help it along

[09:47] {Threei}  ese?

[09:47] {Threei}  DRYS gave 1:1 for first exit, and stop was trailed to under b/e

[09:48] {Geo} [06:33] {magoo} BBY nuts

[09:48] {ese} missed first exit vad when it spied to .50

[09:48] {Threei}  why let it go back to original stop?

[09:49] {ese} thought that naz was heading up

[09:49] {ese} thought that i would hang with it

[09:49] {Threei}  market has no idea where to go...

[09:49] {Threei}  maybe it wanted up but then Cramer came with his rally preditction {G}

[09:49] {ese} indeed........

[09:49] {dino} t stopped

[09:49] {dino} -.22

[09:49] {Threei}  and we all know ehat he does to market

[09:49] {ese} DRYS very volitile.......1/2 was ok 

[09:50] {Threei}  yeah but...

[09:50] {Threei}  there is a logic of the trade

[09:50] {Threei}  even if you missed the exit, strrop is to be trailed after 1:1 is reached

[09:51] {ese} should have followed that......

[09:51] {Threei}  sin no more, OK?

[09:52] {ese} went with original stop just to give it some room but.......ces't la vie

[09:52] {ese} OK

[09:52] {Threei}  FOMC day... jerkiness city

[09:53] {ese} $150.00 lesson....sometimes worth the price

[09:53] {dino} harvard education in the making

[09:54] {ese} ya...for someone esle

[09:54] {Threei}  lol

[09:54] {dino} :)

[09:55] {Threei}  tempting trade:

[09:55] {Threei}  LLTC

[09:55] {Threei}  .26 half lot long

[09:56] {Threei}  really needs market decisive upward move

02[09:56] * Disconnected

02[09:59] * Attempting to rejoin channel #discussions

03[09:59] * Rejoined channel #discussions

05[09:59] -Threei- [Welcome-#floor] Welcome to the RealityTrader Floor. This room is read only. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[09:59] {Threei}  dino :)

[09:59] {_elepet} good morning to you

[09:59] {ese} Vad or anyone...could you take a look at AMLN day chart and give me an estimate on a target price.....I'm still long and up .10 right now

[09:59] {ese} sorry up.25......

[09:59] {Onix} Good morning all

[09:59] {ese} onix...

[09:59] {wishbone} gm all

[09:59] {Larisa1} good morning

[09:59] {ese} wish....larisa

[09:59] {Threei}  onix, wish, larisa :)

[09:59] {wishbone} hi ese

[09:59] {Onix} hi larisa & wishbone

[09:59] {Threei}  ese... 11.50 is critical juncture for it

[09:59] {Threei}  if it breaks that level, there is not much to keep it from 15

[09:59] {ese} yes......

[09:59] {ese} tks

[09:59] {Threei}  some minor resistance on the way,

[09:59] {Threei}  but if market helps, they won't matter much

[09:59] {ese} tks vad

[09:59] {_elepet} hello larissa

[09:59] {Threei}  elepet :)

[09:59] {peterg} morning all

[09:59] {Threei}  peter :)

[09:59] {Onix} hi peter

[09:59] {peterg} yo onix

[09:59] {Larisa1} elepet, onix :)

[09:59] {Threei}  be back in 5

[09:59] {Threei}  keep an eye on SLW

[09:59] {Threei}  it's a typical pullback stock, breaks rarely work on it

[09:59] {Threei}  and of course usual suspect... DRYS

[09:59] {magoo} ar..missed drys

[09:59] {Threei}  sharp jump out of the gate, DRYS

[09:59] {Threei}  need pullback

[09:59] {magoo} BBY nuts

[09:59] {Threei}  DRYS bounce candidate closer to 11

[09:59] {KSystems} Hello kobran

[09:59] {dino} welcome kobran

[09:59] {_kobran} GM

[09:59] {Threei}  morning kobran

[09:59] {Threei} Long Setup:  DRYS  .30 break half lot, stop under .10

[09:59] {Threei}  risky one, market is jerky

[09:59] {ese} long DRYS 1/2

[09:59] {ese} .34

[09:59] {magoo} in 

[09:59] {Threei}  look to partial out or take scalp closer to .50

[09:59] {Threei}  right here

[09:59] {Threei}  half out for me

[09:59] {ese} that daily chart show clear sailing almost to 20

[09:59] {Geo} ty

[09:59] {magoo} out .51 TY

[09:59] {magoo} got in .25

[09:59] {KSystems} half out .53

[09:59] {Threei}  stop for the balance is .25

[09:59] {Threei}  ugh... missed SLW

[09:59] {Threei}  pulled back perfectly close to 5

[09:59] {Threei}  DRYS needs to break .40 now

[09:59] {Threei}  or not likely to work for the balance

[09:59] {dino} t l .48

[09:59] {Threei}  out second half

[09:59] {Threei}  scalps rule still

[09:59] {magoo} oh great..cramer says today starts xmas rally

[09:59] {Geo} bby paid well

[09:59] {Geo} thanks magoo

[09:59] {ese} stopped drys....10 - .24

[09:59] {magoo} ?

[09:59] {Threei}  you took break on it geo?

[09:59] {Geo} yeah with ES

[09:59] {Geo} to help it along

[09:59] {Threei}  ese?

[09:59] {Threei}  DRYS gave 1:1 for first exit, and stop was trailed to under b/e

[09:59] {Geo} [06:33] {magoo} BBY nuts

[09:59] {ese} missed first exit vad when it spied to .50

[09:59] {Threei}  why let it go back to original stop?

[09:59] {ese} thought that naz was heading up

[09:59] {ese} thought that i would hang with it

[09:59] {Threei}  market has no idea where to go...

[09:59] {Threei}  maybe it wanted up but then Cramer came with his rally preditction {G}

[09:59] {ese} indeed........

[09:59] {dino} t stopped

[09:59] {dino} -.22

[09:59] {Threei}  and we all know ehat he does to market

[09:59] {ese} DRYS very volitile.......1/2 was ok 

[09:59] {Threei}  yeah but...

[09:59] {Threei}  there is a logic of the trade

[09:59] {Threei}  even if you missed the exit, strrop is to be trailed after 1:1 is reached

[09:59] {ese} should have followed that......

[09:59] {Threei}  sin no more, OK?

[09:59] {ese} went with original stop just to give it some room but.......ces't la vie

[09:59] {ese} OK

[09:59] {Threei}  FOMC day... jerkiness city

[09:59] {ese} $150.00 lesson....sometimes worth the price

[09:59] {dino} harvard education in the making

[09:59] {ese} ya...for someone esle

[09:59] {Threei}  lol

[09:59] {dino} :)

[09:59] {Threei}  tempting trade:

[09:59] {Threei}  LLTC

[09:59] {Threei}  .26 half lot long

[09:59] {KSystems} stop {.10?

[09:59] {ese} MRVL  might take off after 7 break

[09:59] {Threei}  my connection seems to be flaky guys

[10:00] {ese} OK.....agressive entry MRVL    .95

[10:00] {ese} long

[10:01] {ese} stop .85   seems to be going against market

[10:01] {ese} showing some strenght

[10:02] {Threei}  OMAN OIL MINISTER: OMAN PLANS TO RAISE OIL OUTPUT BY 10K BPD IN 2009

[10:02] {Threei}  - Country is not member of 12 state OPEC

[10:02] {Threei}  - Note: OPEC is expected to cut is daily supply but up to 2M bbll/day at group meeting tomorrow Dec 1

[10:02] {KSystems} LLTC vad, stop under .10?

[10:02] {Threei}  yes sir

[10:02] {Threei}  holding well, looks salmonish

[10:03] {KSystems} thx

[10:03] {Threei}  but still, if market fails it will follow the suit

[10:03] {ese} well lookeee here.....lets just see what happens shall we

[10:03] {ese} 7.69  next resistance for MRVL

[10:04] {ese} indeed

[10:04] {Threei}  nice one ese

[10:04] {Threei}  ok market

[10:04] {Threei}  move your butt

[10:05] {ese} stop to .95

[10:05] {ese} agressive entry agressive stop

[10:07] {ese} market not helping much

[10:08] {Threei}  I'd move LLTC stop to .15 at this point

[10:08] {Geo} heh

[10:08] {Geo} i just did that

[10:08] {Threei}  just want to control risk tighter in tis jerkiness

[10:08] {Geo} you taught well

[10:09] {cosmo} market's  like .... waiting for obama?

[10:10] {Threei}  new high MRVL

[10:10] {Threei}  for FOMC rather

[10:10] {Threei}  plus endless musings from White House... to save Detroit or not

[10:11] {_elepet} missed drys earlier. in at 11.12

[10:11] {Threei}  a bit too much chasing elepet... careful

[10:13] {Threei}  LLTC no worky

[10:18] {ese} common market just one more litle more up there to help MRvl ALONG

[10:20] {dino} hmmm, feels like opening gap fill coming

[10:23] {Threei}  what the

[10:23] {Threei}  look at VIST spread

[10:23] {Threei}  is this for real? :)

[10:23] {Threei}  this is bigger crime than knighting Alan Greenspan

[10:24] {Onix} lol

[10:24] {dino} shall we short it?

[10:29] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[10:30] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[10:30] {Threei}  {F GM}

[10:30] {Threei}  really?

[10:30] {Threei}  I swear they will make me concede the title of master of stating the obvious

[10:31] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[10:31] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[10:32] {ese} done

[10:33] {ese} broke .10

[10:33] {ese} giddy up horse....

[10:37] {dino} bby sm s .01

[10:38] {lisa_jay} qqqq @ .55

[10:38] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[10:39] {Threei}  serious haircut

[10:39] {ese} ouch.....

[10:39] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[10:41] {Threei}  6 break starts looking interesting

[10:41] {Geo} 6?

[10:44] {Threei}  watching where it bottoms out prior to break

[10:45] {Geo} i am confused

[10:45] {Geo} which stock

[10:45] {Onix} SAY

[10:45] {Threei}  SAY

[10:45] {Threei}  news above

[10:45] {Threei}  wake up geo

[10:45] {Geo} ahh

[10:45] {Geo} sorry

[10:45] {dino} bby bstop is .11, thing is stuck

06[10:46] * magoo slaps Geo around a bit with a large scalping course

06[10:46] * Threei slaps Geo around a bit with a large cap of cofee

[10:50] {dino} cov bby -.02

[10:50] {Threei}  anyone took Qs for bounce?

[10:50] {KSystems} yep

[10:50] {magoo} me .51

[10:50] {KSystems} 55 - 62

[10:50] {Threei}  :)

[10:51] {magoo} see i not sleepin

[10:51] {dino} ugh vist vad, missed it at 10.60

[10:51] {Threei}  lol dino

[10:52] {magoo} no lauhging..trying to concentrate

[10:53] {lisa_jay} Yes, but only for .08.

[10:53] {Threei}  forgive me for ruining your focus

[10:53] {lisa_jay} Went in late at .57

[10:53] {lisa_jay} Q's i mean.

02[10:54] * Disconnected

02[10:57] * Attempting to rejoin channel #discussions

03[10:57] * Rejoined channel #discussions

[10:57] {Threei}  FOMC day... jerkiness city

[10:57] {ese} $150.00 lesson....sometimes worth the price

[10:57] {dino} harvard education in the making

[10:57] {ese} ya...for someone esle

[10:57] {Threei}  lol

[10:57] {dino} :)

[10:57] {Threei}  tempting trade:

[10:57] {Threei}  LLTC

[10:57] {Threei}  .26 half lot long

[10:57] {KSystems} stop {.10?

[10:57] {ese} MRVL  might take off after 7 break

[10:57] {Threei}  my connection seems to be flaky guys

[10:57] {ese} OK.....agressive entry MRVL    .95

[10:57] {ese} long

[10:57] {ese} stop .85   seems to be going against market

[10:57] {ese} showing some strenght

[10:57] {Threei}  OMAN OIL MINISTER: OMAN PLANS TO RAISE OIL OUTPUT BY 10K BPD IN 2009

[10:57] {Threei}  - Country is not member of 12 state OPEC

[10:57] {Threei}  - Note: OPEC is expected to cut is daily supply but up to 2M bbll/day at group meeting tomorrow Dec 1

[10:57] {KSystems} LLTC vad, stop under .10?

[10:57] {Threei}  yes sir

[10:57] {Threei}  holding well, looks salmonish

[10:57] {KSystems} thx

[10:57] {ese} well lookeee here.....lets just see what happens shall we

[10:57] {Threei}  but still, if market fails it will follow the suit

[10:57] {ese} 7.69  next resistance for MRVL

[10:57] {ese} indeed

[10:57] {Threei}  nice one ese

[10:57] {Threei}  ok market

[10:57] {Threei}  move your butt

[10:57] {ese} stop to .95

[10:57] {ese} agressive entry agressive stop

[10:57] {ese} market not helping much

[10:57] {Threei}  I'd move LLTC stop to .15 at this point

[10:57] {Geo} heh

[10:57] {Geo} i just did that

[10:57] {Threei}  just want to control risk tighter in tis jerkiness

[10:57] {Geo} you taught well

[10:57] {cosmo} market's  like .... waiting for obama?

[10:57] {Threei}  new high MRVL

[10:57] {Threei}  for FOMC rather

[10:57] {Threei}  plus endless musings from White House... to save Detroit or not

[10:57] {_elepet} missed drys earlier. in at 11.12

[10:57] {Threei}  a bit too much chasing elepet... careful

[10:57] {Threei}  LLTC no worky

[10:57] {ese} common market just one more litle more up there to help MRvl ALONG

[10:57] {dino} hmmm, feels like opening gap fill coming

[10:57] {Threei}  what the

[10:57] {Threei}  look at VIST spread

[10:57] {Threei}  is this for real? :)

[10:57] {Threei}  this is bigger crime than knighting Alan Greenspan

[10:57] {Onix} lol

[10:57] {dino} shall we short it?

[10:57] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[10:57] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[10:57] {Threei}  {F GM}

[10:57] {Threei}  really?

[10:57] {Threei}  I swear they will make me concede the title of master of stating the obvious

[10:57] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[10:57] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[10:57] {ese} done

[10:57] {ese} broke .10

[10:57] {ese} giddy up horse....

[10:57] {dino} bby sm s .01

[10:57] {lisa_jay} qqqq @ .55

[10:57] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[10:57] {Threei}  serious haircut

[10:57] {ese} ouch.....

[10:57] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[10:57] {Threei}  6 break starts looking interesting

[10:57] {Geo} 6?

[10:57] {Threei}  watching where it bottoms out prior to break

[10:57] {Geo} i am confused

[10:57] {Geo} which stock

[10:57] {Onix} SAY

[10:57] {Threei}  SAY

[10:57] {Threei}  news above

[10:57] {Geo} ahh

[10:57] {Geo} sorry

[10:57] {dino} bby bstop is .11, thing is stuck

[10:57] {Threei}  wake up geo

06[10:57] * magoo slaps Geo around a bit with a large scalping course

06[10:57] * Threei slaps Geo around a bit with a large cap of cofee

[10:57] {dino} cov bby -.02

[10:57] {Threei}  anyone took Qs for bounce?

[10:57] {KSystems} yep

[10:57] {magoo} me .51

[10:57] {KSystems} 55 - 62

[10:57] {Threei}  :)

[10:57] {magoo} see i not sleepin

[10:57] {dino} ugh vist vad, missed it at 10.60

[10:57] {Threei}  lol dino

[10:57] {magoo} no lauhging..trying to concentrate

[10:57] {lisa_jay} Yes, but only for .08.

[10:57] {Threei}  forgive me for ruining your focus

[10:57] {lisa_jay} Went in late at .57

[10:57] {lisa_jay} Q's i mean.

[10:57] {Geo} you got .51 magoo? my charts wrong

[10:57] {dino} last try today l t, .19

[10:57] {magoo} yep

[10:57] {KSystems} welcome back Vad

[10:57] {magoo} was  stalking it before vad merntioned

[10:57] {KSystems} I hope you brought some beer with you, at least

[10:57] {Threei}  grrrr

[10:57] {Threei}  what's with my connection today

[10:58] {Threei}  I guess Victoria cables can't handle anything below zero

[10:58] {Geo} didnt pay your room subscription eh?

[11:01] {dino} hl l ebs .70 stop .47

[11:06] {Threei}  UAUA

[11:06] {Threei}  thing seems to be waking up today after a few days of inactivity

[11:06] {Threei}  not sure about breakout but pullback into .70-.75 is certainly interesting

[11:09] {Threei}  SAY hasn't formed reliable support so far

[11:09] {magoo} out q's .70 

[11:09] {lisa_jay} Q's battling at highs.

[11:09] {magoo} will look to reload

[11:09] {lisa_jay} nice Magoo...2 lots?

[11:10] {magoo} yes

[11:10] {magoo} 2k

[11:11] {magoo} just be careful with size..can not blow a stopo or twice as bad

[11:11] {Threei}  FDIC APPROVES 2009 BUDGET OF $2.2B, INCLUDING $1B FOR DEALING WITH BANK FAILURES

[11:11] {Threei}  and the rest is for?...

[11:12] {dino} parties

[11:12] {Threei}  thought so

[11:12] {Threei}  bonuses... pinyatas...martinis...

[11:13] {dino} t stop to .31

[11:14] {dino} out t, +.12

[11:15] {lisa_jay} Thanks Magoo.

[11:15] {lisa_jay} Vad, if were to have a resting order for agressive entry fro double top on Q's at .71.

[11:15] {Threei}  geo, look dcc plas

[11:15] {lisa_jay} What kind of stop would be reasonable.

[11:16] {lisa_jay} Thanks.

[11:17] {Threei}  you mean short lisa?

[11:17] {lisa_jay} Yes Vad.

[11:18] {Threei}  around .75

[11:18] {Threei}  aggressive entries meant to have tight stops

[11:19] {lisa_jay} Ok, thanks Vad.  I was starting out with .10, but a lot of times the risk:reward was very bad.

[11:19] {lisa_jay} 10c initial stop, and moving too quickly to break even and thus getting stopped out.

[11:20] {lisa_jay} With your idea of tight stop i can let the trade work.

[11:21] {Threei}  that's the idea of aggreassive entries

[11:21] {Threei}  since they are taken so close to invalidating levels, they carry higher odds of being srtopped compensated by a very small size of the stop

[11:25] {Geo} what time fomc?

[11:25] {Threei}  2;15

[11:26] {ese} outa here for the day all....still hangin in with MRVL with a stop at .95....take care

[11:26] {lisa_jay} Bye Ese

[11:26] {Threei}  take care ese

02[11:29] * Disconnected

02[11:29] * Attempting to rejoin channel #discussions

03[11:29] * Rejoined channel #discussions

05[11:29] -Threei- [Welcome-#discussions] Welcome to the RealityTrader Discussion Room. Please read our disclaimer at: www.realitytrader.com/disclaimer.htm before proceeding.

[11:30] {Threei}  jeez

[11:30] {dino} shall we short it?

[11:30] {Threei}  watch QQQQ for quick pullback into .55 where it should be a scalp bounce candidate

[11:30] {Threei}  WHITE HOUSE: COMMENTS THAT STAKE HOLDERS IN AUTO COMPANIES WILL HAVE TO MAKE CONCESSIONS

[11:30] {Threei}  {F GM}

[11:30] {Threei}  really?

[11:30] {Threei}  I swear they will make me concede the title of master of stating the obvious

[11:30] {ese} a river of molassas is going to move faster than MRVL....playing the trade by the numbers though...no risk

[11:30] {ese} need it to break 7.10 this time or will exit.....even for the day ...what the heck

[11:30] {ese} done

[11:30] {ese} broke .10

[11:30] {ese} giddy up horse....

[11:30] {dino} bby sm s .01

[11:30] {lisa_jay} qqqq @ .55

[11:30] {Threei}  09:28am [SAY] UPDATE: Satyam trades lower after it approves $1.6B acquisition of Maytas Infra

[11:30] {Threei}  serious haircut

[11:30] {ese} ouch.....

[11:30] {Threei}  not sure what's so horrific about that acquisition that warrants such dump

[11:30] {Threei}  6 break starts looking interesting

[11:30] {Geo} 6?

[11:30] {Threei}  watching where it bottoms out prior to break

[11:30] {Geo} i am confused

[11:30] {Geo} which stock

[11:30] {Onix} SAY

[11:30] {Threei}  SAY

[11:30] {Threei}  news above

[11:30] {Geo} ahh

[11:30] {Geo} sorry

[11:30] {dino} bby bstop is .11, thing is stuck

[11:30] {Threei}  wake up geo

06[11:30] * magoo slaps Geo around a bit with a large scalping course

06[11:30] * Threei slaps Geo around a bit with a large cap of cofee

[11:30] {dino} cov bby -.02

[11:30] {Threei}  anyone took Qs for bounce?

[11:30] {KSystems} yep

[11:30] {magoo} me .51

[11:30] {KSystems} 55 - 62

[11:30] {Threei}  :)

[11:30] {magoo} see i not sleepin

[11:30] {dino} ugh vist vad, missed it at 10.60

[11:30] {Threei}  lol dino

[11:30] {magoo} no lauhging..trying to concentrate

[11:30] {lisa_jay} Yes, but only for .08.

[11:30] {Threei}  forgive me for ruining your focus

[11:30] {lisa_jay} Went in late at .57

[11:30] {lisa_jay} Q's i mean.

[11:30] {Geo} you got .51 magoo? my charts wrong

[11:30] {dino} last try today l t, .19

[11:30] {magoo} yep

[11:30] {KSystems} welcome back Vad

[11:30] {magoo} was  stalking it before vad merntioned

[11:30] {KSystems} I hope you brought some beer with you, at least

[11:30] {Threei}  grrrr

[11:30] {Threei}  what's with my connection today

[11:30] {Geo} didnt pay your room subscription eh?

[11:30] {Threei}  I guess Victoria cables can't handle anything below zero

[11:30] {dino} hl l ebs .70 stop .47

[11:30] {Threei}  UAUA

[11:30] {Threei}  thing seems to be waking up today after a few days of inactivity

[11:30] {Threei}  not sure about breakout but pullback into .70-.75 is certainly interesting

[11:30] {Threei}  SAY hasn't formed reliable support so far

[11:30] {magoo} out q's .70 

[11:30] {lisa_jay} Q's battling at highs.

[11:30] {magoo} will look to reload

[11:30] {lisa_jay} nice Magoo...2 lots?

[11:30] {magoo} yes

[11:30] {magoo} 2k

[11:30] {magoo} just be careful with size..can not blow a stopo or twice as bad

[11:30] {Threei}  FDIC APPROVES 2009 BUDGET OF $2.2B, INCLUDING $1B FOR DEALING WITH BANK FAILURES

[11:30] {Threei}  and the rest is for?...

[11:30] {dino} parties

[11:30] {Threei}  thought so

[11:30] {Threei}  bonuses... pinyatas...martinis...

[11:30] {dino} t stop to .31

[11:30] {dino} out t, +.12

[11:30] {lisa_jay} Thanks Magoo.

[11:30] {lisa_jay} Vad, if were to have a resting order for agressive entry fro double top on Q's at .71.

[11:30] {Threei}  geo, look dcc plas

[11:30] {lisa_jay} What kind of stop would be reasonable.

[11:30] {lisa_jay} Thanks.

[11:30] {Threei}  you mean short lisa?

[11:30] {lisa_jay} Yes Vad.

[11:30] {Threei}  around .75

[11:30] {Threei}  aggressive entries meant to have tight stops

[11:30] {lisa_jay} Ok, thanks Vad.  I was starting out with .10, but a lot of times the risk:reward was very bad.

[11:30] {lisa_jay} 10c initial stop, and moving too quickly to break even and thus getting stopped out.

[11:30] {lisa_jay} With your idea of tight stop i can let the trade work.

[11:30] {Threei}  that's the idea of aggreassive entries

[11:30] {Threei}  since they are taken so close to invalidating levels, they carry higher odds of being srtopped compensated by a very small size of the stop

[11:30] {Geo} what time fomc?

[11:30] {Threei}  2;15

[11:30] {ese} outa here for the day all....still hangin in with MRVL with a stop at .95....take care

[11:30] {lisa_jay} Bye Ese

[11:30] {Threei}  take care ese

[11:30] {peterg} hmmm

[11:30] {Geo} you know vad should really keep his emotions in check

[11:30] {peterg} good point

[11:30] {Geo} ese leaves and he kicks us all out too

[11:30] {peterg} impulse control disorder

[11:30] {patience} i didn't get dumped, why not, i feel left out

[11:30] {peterg} perfect!

[11:30] {magoo} room dump there

[11:30] {Onix} what are you in patience?

[11:30] {Threei}  this time it's not only me eh

[11:30] {patience} about 20 minute drive south of vad

[11:30] {patience} makes all the difference though doesn't it vad

[11:30] {Threei}  as in?

[11:31] {patience} i can't say it, i keep laughing

[11:31] {peterg} hey patience, vad got dumped too;

[11:31] {peterg} perhaps you are the ultimate force

[11:32] {patience} oh i know they call me something

[11:35] {lisa_jay} nice breakout on q's

[11:40] {lisa_jay} .

[11:40] {Threei}  don't see any news on GNW

[11:40] {Threei}  CNBC'S KUDLOW: SOURES HAVE TOLD HIM THAT OBAMA ECONOMIC TEAM WILL CONVENE THIS AFTERNOON AND DISCUSS A MASSIVE PURCHASE PROGRAM FOR MORTGAGES

[11:42] {Threei}  GNW hard pullback

[11:42] {Threei}  bounce candidate

[11:44] {Threei}  one more leg down most likely

[11:45] {magoo} where u thinking?

[11:45] {Threei}  3.40 - 3.50

[11:48] {Geo} in .64

[11:48] {Geo} was in befor vad made second leg comment

[11:48] {Geo} out

[11:48] {Geo} 1/2 lot

[11:49] {Threei}  wtg

[11:49] {Threei}  I am not confident in my connection enough to call exact targets

[11:50] {Threei}  couple times saw my quotes frozen

[11:50] {Geo} ES upticked so thought you had entered :)

[11:55] {dino} was booted, out t .38, +.13, out tbsi, +.11

[11:57] {lisa_jay} nice

[11:57] {dino} thx

[11:57] {dino} sm l oxy .80

[12:00] {Threei}  PRESIDENT-ELECT OBAMA: THE FED IS RUNNING OUT OF ITS "TRADITIONAL AMMUNITION," INTEREST RATES ARE GETTING TO BE ABOUT AS "LOW AS THEN CAN GO," BELIEVES FED "STILL HAS TOOLS" TO DEAL WITH THE SITUATION

[12:01] {KSystems} like what?

[12:01] {dino} not confidence inspiring

[12:01] {KSystems} magic?

[12:01] {Threei}  F Bills?

[12:01] {Threei}  ok, the following officially decrowns me as master of stating the obvious:

[12:01] {Threei}  (US) TREASURY'S MCCORMICK: SEES ENORMOUS UNCERTAINTY, 2009 GLOBAL OUTLOOK IS CHALLENGING

[12:02] {dino} where do they find these clowns?

[12:03] {Geo} harvard

06[12:04] * Threei slaps laserdave1 around a bit with a large uncertainty for 2009 global outlook

06[12:04] * magoo slaps laserdave1 around a bit with a large a big question of where ya been?

[12:06] {Threei}  come on GNW

[12:06] {Threei}  10-15 cents more down

[12:07] {Threei}  keep an eye on HIG

[12:07] {Threei}  .50 closest support

[12:09] {magoo} ok..but i only have 2 eyes

[12:09] {Threei}  let's hope stem cells progress will help

[12:10] {Threei}  where is chaeron?

[12:10] {Threei}  and dptl

[12:10] {Geo} in the fomc meeting

[12:10] {Threei}  what kind of slacking is that

[12:11] {KSystems} Geo I hope they're going to call you few minutes before announcement

[12:11] {Geo} i asked and he refused

[12:12] {Geo} said i need the superlicious subsription to vad's other room

[12:12] {KSystems} darn

[12:12] {dino} sso s .49

[12:14] {Geo} stope above high dino?

[12:15] {dino} y

[12:15] {dino} .66

[12:20] {Geo} pnw

[12:25] {Threei}  F CEO: CONSUMERS APPRECIATE HOW FORD IS "DIFFERENT" THAN OTHER DOMESTIC RIVALS, BELIEVE FORD IS IN A DIFFERENT PLACE THAN GM & CHRYSLER

[12:25] {Geo} yes its family owned

[12:25] {Threei}  my appreciation is sure there, and it goes as far as driving Nissan

[12:25] {Geo} so they dont want tarp equity dilution

[12:25] {Geo} as its leading to less dividends for family

[12:26] {Threei}  come to papa GNW

[12:26] {peterg} U in?

[12:26] {peterg} or waiting

[12:26] {Threei}  no, want it lower

[12:26] {peterg} k

[12:30] {magoo} u know what cracks me up on GNW?

[12:30] {Threei}  NOV CALIFORNIA MEDIAN HOME PRICE FELL 5% M/M, FELL 34.5% Y/Y - DATAQUICK

[12:30] {magoo} we should have shorted that decline of .25 cents

[12:30] {Threei}  yes but I found out it was shortable too late

[12:31] {Threei}  kind of this built-in assumption that cheapies are not shortable

[12:34] {Threei}  ok GNW, now sharp red bar please

[12:35] {Threei}  under .30

[12:38] {Threei}  According to Jeff Cox's Dec 11th article on CNBC's website http://www.cnbc.com/id/28158499

[12:38] {Threei}  "Some in the industry expect a new influx of day traders amid the rash of layoffs on Wall Street. Experienced traders with the proper capital position-$25,000 is required by law to start a day-trading account, and many brokerages require more-will add another element to a profession that has used the unpredictability of the stock market to its advantage."

06[12:39] * Threei nails to the door a big sign saying "day traders are welcome"

[12:39] {Geo} lol

[12:39] {dino} lol

[12:40] {Threei}  PRESIDENT BUSH: TRYING TO GET THE AUTO BAILOUT DONE IN "EXPEDITIOUS WAY," LOOKING AT ALL OPTIONS FOR AUTOMAKERS

[12:40] {Threei}  {GM F}

[12:40] {patience} before or after they have gone out of business

[12:40] {Threei}  {Automakers} Keep the options. Give us money

[12:41] {Threei}  GNW almost there

[12:41] {magoo} u going doulbe?

[12:41] {Threei}  not sure yet

[12:42] {Threei}  this bard to .28 was almost what I was looking for

[12:42] {Threei}  baar

[12:42] {Threei}  bar

[12:42] {Threei}  there, just three tries

[12:42] {Threei}  really felt a few more cents were in order

[12:42] {Threei}  ugh

[12:46] {Threei}  more than anything, I want to have Al Gore here in Victoria... shove his face in the snow saying "what's that? what's that, you bad boy?"

[12:46] {Geo} lol

[12:48] {Threei}  wow

[12:48] {Threei}  SAY

[12:48] {Threei}  doeas it have any bottom at all?

[12:57] {dino} strange, the news isn't "bad"

[12:58] {dino} sm say l .40, stop .99

[12:58] {Threei}  must be some bag of snakes we know zilch about

[12:58] {dino} maybe they are 3x the stock to aquire?

[13:00] {Threei}  over half a mil canadian jobs under threat is auto industry goes

[13:00] {Geo} wow

[13:01] {Geo} you guys have that many people?

06[13:01] * Geo whistles

[13:01] {dino} lol

[13:02] {Larisa1} vad is quiet, counting may be :)

[13:02] {Geo} this was painfill in .33 out .38

[13:02] {Threei}  not really but each coming to the factory punches the clock twice

[13:03] {Geo} they must have a lot of agression

[13:03] {Threei}  and particular hatred for the clock

[13:03] {Geo} yup also glad i am out

[13:04] {Threei}  larisa... I am not even trying to count anything above 10

[13:04] {Threei}  either I can count it with my fingers or it doesn't exist

[13:05] {Larisa1} do not forget you have legs.. 10 more.. push yourself

[13:05] {Threei}  no

[13:05] {Threei}  thought of it

[13:05] {Geo} higher low vad?

[13:05] {Threei}  but the idea of taking shoes of, then on again...

[13:06] {peterg} Could throw shoes......

[13:06] {Threei}  not sure Geo

[13:06] {Threei}  feels like anther dump is coming

[13:08] {dino} tmi vad

[13:08] {wishbone} lol

[13:08] {dino} :)

[13:12] {dino} sso bstop to .46 won't move

[13:16] {dino} cov sso .41, +.08

[13:20] {dino} geo, you cover ?

[13:20] {Geo} sorry didnt trade

[13:20] {dino} ok

[13:21] {dino} brb

[13:22] {Threei}  TREASURY'S MCCORMICK: SHOULD ENCOURAGE SOVEREIGN WEALTH FUNDS TO INVEST IN THE US - Q&A

[13:24] {Threei}  he ever said how?

[13:25] {dino} yes, w/cash

[13:25] {peterg} they coming to see you, vad

[13:25] {Geo} bonds steadily creeping higher last hour

[13:25] {Geo} not good

[13:26] {dino} rate cut coming geo, bonds up

[13:26] {Threei}  they'll be sorely disappointed peter

[13:26] {Threei}  looks is last thing I am famous for

[13:26] {dino} this may be the peak as not much cutting left

[13:26] {peterg} isn't that just like life!

[13:29] {dino} t l .15

[13:30] {lisa_jay} .

[13:36] {Threei}  PREVIEW: FOMC RATE DECISION DUE OUT AT 2:15PMET

[13:36] {Threei}  **consensus expectation is for a further 50bps cut to 0.50%, a record low for US rates. A few forecasters are predicting a 75bps, including BoA, ING and UBS economists. A tiny minority of economists are forecasting either a 25pbs cut or a full 100bps cut. Fed funds futures are currently pricing in an over 50% chance of a 75 bps cut today.

[13:37] {Threei}  **with the rate likely to move to a record low, and effective rate already so close to zero, alot of talk has been focused on whether the FOMC will use the statement today to discuss the means of future policy actions. While some speculate that the Fed will move directly to some language about a new quantitative directive, it seems more likely that the Fed will aknowledge the immense liquidity operations it has put in place already and leave policy outlook open ended, allowing the FOMC more time to consider how to address the next evolution of policy (more on this discussion may emerge in the minutes of today's meeting upon their release three weeks from now).

[13:52] {wishbone} ...___...

[14:00] {Threei}  starting countdown?

[14:01] {Threei}  15

[14:01] {lisa_jay} Vad, does it matter which ECN we use for Q's or is one better then the other.  Thanks.

[14:02] {Threei}  not really, as long as you have Route Out checked for all of them

[14:03] {Threei}  ISLD and ARCA are preferrable to others

[14:03] {lisa_jay} Ok, thank you.

[14:07] {Threei}  DRYS

[14:07] {Threei}  sharp drop

[14:08] {dino} out t .28, +.13

[14:09] {Onix} gj

[14:10] {Threei}  5

[14:10] {dino} ty

[14:10] {Onix} you are a very patient man dino

[14:11] {dino} lol, 39 min.

[14:12] {dino} uso green

[14:14] {Threei}  1

[14:14] {dino} 2

[14:15] {lisa_jay} 3

[14:15] {Threei}  smart a**es

[14:15] {lisa_jay} :-)

[14:15] {Threei}  (not that there is anything qrong with that)

[14:16] {Onix} the suspense is intollerable!

[14:16] {dino} up,down then close up

[14:16] {Threei}  -1

[14:16] {lisa_jay} down maybe Dino.

[14:16] {lisa_jay} for the day.

[14:17] {dino} ok, a beer

[14:17] {Geo} lol

[14:17] {lisa_jay} sure

[14:17] {dino} :)

[14:17] {magoo} big up at days end

[14:17] {magoo} 300 points

[14:17] {Geo} gs leads?

[14:17] {dino} must be a big lunch

[14:17] {Threei}  it already wears pompons geo

[14:17] {lisa_jay} lol

[14:18] {magoo} on time as usual

[14:18] {Threei}  they still argue

[14:18] {magoo} ben so dumb..prolly no cut

[14:18] {Threei}  1/2 or .5?

[14:18] {Threei}  or 50 bps?

[14:19] {dino} .50 yes

[14:19] {magoo} u think conflict if ben was loaded short here

[14:20] {dino} he's tall magoo

[14:20] {Threei}  5 min late

[14:20] {lisa_jay} news out?

[14:20] {Threei}  no

[14:21] {lisa_jay} something

[14:21] {Threei}  .75

[14:22] {Threei}  *FOMC CUTS RATES 75BPS TO 0.25% (MORE THAN EXPECTED)

[14:22] {Threei}  - To deploy all available tools, see rates at exceptionally low rates for some time.

[14:22] {Threei}  - Vote was unanimous, 10-0.{TLT SHY GLD SPY EUR/USD}

[14:23] {Threei}  in Qs .90

[14:24] {dino} out oxy .35, +.55

[14:24] {lisa_jay} nice

[14:24] {Threei}  out 30.01

[14:24] {Threei}  mess

[14:24] {lisa_jay} yup

[14:24] {dino} ok, time to fall

[14:31] {magoo} out here 07

[14:31] {Threei}  SLW goes nuts

[14:31] {patience} not compared to my barrick kinross and goldcorp and hgu

[14:32] {Geo} still in Qs from 95

[14:32] {dino} say stop to .28 won't move

[14:32] {Geo} half out

[14:32] {Threei}  wtg

[14:33] {Geo} looked like bull flag on one miin

[14:33] {Geo} out

[14:33] {Threei}  looked like donkey tail drawing drunken sketches to me :)

[14:33] {patience} no kidding, i love that look like a jet flying straight up

[14:33] {Geo} hmm early

[14:34] {Geo} but banked

[14:34] {dino} i guess all is right again

[14:34] {dino} ugh oxy

[14:34] {Threei}  ok, full text

[14:34] {Threei}  *FOMC CUTS RATES 75BPS TO 0.25% (MORE THAN EXPECTED); TO DEPLOY ALL AVAILABLE TOOLS TO PROMOTE GROWTH, PRICE STABILITY; SEE RATES AT EXCEPTIONALLY LOW LEVELS FOR SOME TIME

[14:34] {Threei}  - Overall, the outlook for economic activity has weakened further, inflationary pressures have diminished appreciably.

[14:34] {Threei}  - Labor market conditions have deteriorated.

[14:34] {Threei}  - Fed stands ready to expand purchases of agency debt and MBS.

[14:34] {Threei}  - Evaluating the benefits of purchasing longer-term Treasury securities.

[14:34] {Threei}  - Vote was unanimous, 10-0.

[14:34] {Threei}  - Discount rate also cut 75bps to 0.50%.{TLT SHY GLD SPY EUR/USD}

[14:36] {dino} stopped say-.12

[14:36] {dino} sm s sso .30

[14:39] {Threei}  SLWQ pulled back into support

[14:39] {Threei}  SLW

[14:39] {dino} stopped sso .42-.12

[14:40] {dino} rinsed

[14:45] {dino} sm s oxy .04

[14:49] {magoo} Q bounce vad?

[14:49] {Threei}  this pullback should be scalpable

[14:49] {Threei}  one more leg down

[14:49] {Threei}  half lot

[14:49] {dino} cov oxy .64, +.40

[14:49] {lisa_jay} nice Dino

[14:50] {Onix} gj dino

[14:50] {dino} ty

[14:51] {Threei}  got it mags?

[14:51] {magoo} missed 

[14:51] {magoo} went for .95

[14:51] {Threei}  .94 here

[14:51] {Threei}  out 30.07

[14:52] {Geo} in .98 out .06

[14:52] {Geo} got scared

[14:52] {Threei}  rightfully so

[14:52] {magoo} nice guys

[14:52] {Threei}  moves are erratic, take sure profit

[14:53] {patience} took my profit of +.83 on slw.to and now i've lost my read on it...i hate when that happens

[14:53] {magoo} man, i was goinna take AAPL sh 96.20

[14:53] {magoo} look

06[14:54] * dino slaps magoo around a bit with a large trout

[14:54] {dino} engage maverick

[14:55] {magoo} ill take the shot when im god damn ready..u GOT THAT?!! as magoo pushes dino on tarmack

[14:58] {dino} afam sm l .70

[14:59] {dino} wide gappy

[14:59] {magoo} my inetb quotes bad..anyone else?

[14:59] {dino} geo, bottom on tbt?

[15:04] {dino} iret blood

[15:05] {Threei}  GE CEO: ECONOMIC ENVIRONMENT IS TOUGHEST IN A GENERATION - ANALYST MEETING

[15:11] {Threei}  feels like market is going for new highs

[15:12] {Geo} spy lead

[15:12] {Threei}  here we go

[15:14] {lisa_jay} Dino I owe you a beer

[15:14] {Threei}  pullback time

[15:14] {Threei}  did I hear beer?

[15:15] {lisa_jay} For bet on market.

[15:15] {dino}  :)

[15:16] {magoo} [14:17] {magoo} big up at days end

[15:16] {magoo} [14:18] {magoo} 300 points

[15:16] {Threei}  since when 300 points is big?

[15:16] {magoo} roflol..u got me

[15:16] {Threei}  :)

[15:16] {dino} good point 3i

[15:17] {magoo} DRUYS not participating vad

[15:17] {magoo} drys

[15:17] {Threei}  [14:16] {dino} up,down then close up

[15:17] {Threei}  that was very precise read

[15:17] {Threei}  .20 seems to be too much resistance for it mags

[15:17] {magoo} i yelled it to him 

[15:17] {Threei}  but if breaks should jump

[15:18] {dino} lol

[15:25] {Threei}  IMF'S LIPSKY: US ECONOMIC GROWTH MAY RETURN BY THE END OF 2009, US ECONOMY MAY YET SEE WORSE CONDITIONS AHEAD

[15:25] {Threei}  I think he would be even more eloquent if said "may or may not"

[15:25] {Geo} we in anything?

[15:26] {dino} speaks in tongues

[15:26] {magoo} vad Q call?

[15:27] {Threei}  in deep thoughts about happiness, meaning of life aand ways to compare the beauty of the flower to power of internal combustion engine Geo

[15:27] {Threei}  not here mags

[15:27] {Threei}  it was very iffy when it broke 30.20, let alone now

[15:28] {Threei}  I still feel another upward spike is coming

[15:28] {Threei}  but finding an entry in this sharp up and down is tough task

[15:29] {patience} would you hold anything overnight vad?  asia and europe haven't participated on the news yet

[15:30] {Threei}  SLW is pulls back into 5.30 - 5.40

[15:30] {Threei}  is = if

[15:31] {Threei}  rate cut is nice, but we still have that GM/F thingy

[15:32] {patience} i'm thinking i'll cash out by 4, nobody knows nuttin as to what today actually will mean th is week with options

[15:33] {Threei}  yeah, a lot of cures by Fed and Treasury turned out not much but one day wonders lately

[15:33] {Threei}  who said thnis one will be any different

[15:34] {Threei}  and notice... oil is in red

[15:35] {dino} 3:40 spike coming imo

[15:35] {patience} i took a decent amount out of slw.to this week, its daily is over 71 rsi...i'll just scalp it.  it has had 7 up days in a row

[15:36] {patience} dino, this is where you usually say, "you're overthinking it"

[15:36] {dino} not holding anything overnight here

[15:37] {Threei}  "normal" logic would be, cut kills USD, oil's up

[15:37] {dino} no, nothing making senses, good day, protection mode

[15:37] {Threei}  yet oil is red

[15:38] {dino} oxy sm s .53

[15:38] {dino} stop is .73

[15:39] {Threei}  HIG

[15:39] {Threei}  sheesh

[15:41] {patience} out HGU.to +.78

[15:42] {dino} oxy stopped

[15:42] {lisa_jay} are these daytrades Patience or overnights?

[15:42] {patience} mixture, not more than 1 overnight though lisa

[15:43] {Onix} great job patience!

[15:43] {patience} january and february bills are now all paid....feast or famine for me, ty though

[15:43] {lisa_jay} very impressive.

[15:43] {dino} i understand

[15:44] {Onix} hgu or AGU?

[15:44] {patience} hgu

[15:44] {patience} gold etf

[15:45] {patience} horizon betapro

[15:45] {Onix} ty

[15:45] {dino} adp air pocket

[15:46] {Threei}  SLW probing dau high again and again

[15:53] {dino} out afam .10, +.40

[15:53] {Threei}  wtg

[15:53] {dino} ty

[15:53] {Onix} nice!

[15:53] {patience} lovely

[15:54] {Threei}  dino... you do realize you were just called nice and lovely, don't you

[15:55] {dino} indeed, as it should be, lol

[15:55] {Threei}  okkkaaaay... :)

06[15:56] * Threei inconspicuously moves his chair away from dino

[15:57] {dino} 3i, it's ok if a gal calls me lovely

[15:57] {dino} the problem is when you do it

[15:57] {Threei}  that would be a real problem

[15:58] {Threei}  thankfully... snowball has more chance to survive in the oven

[15:59] {patience} thankfully its the end of the day

[15:59] {Geo} ok flat

[15:59] {Geo} rimm paid well

[15:59] {Threei}  I am more likely to silently put a beer on the table

[15:59] {patience} see you tomorrow with seller's remorse no doubt

[15:59] {Threei}  ok guys and gals

[15:59] {Threei}  thank you all

[15:59] {lisa_jay} Thanks Vad.

[15:59] {wishbone} nite all

[15:59] {Threei}  have a good evening, see you tomorrow

[15:59] {Geo} not used to overnight.... thanks all

[15:59] {KSystems} well thank YOU

[16:00] {dino} ty all, good day, had fun

Dec 15 2008

Extremely boring and empty low volume day. Really nothing to say except, umm, extremely boring and empty low volume day

Session Time: Mon Dec 15 00:00:00 2008

[08:30] {Threei}  DEC EMPIRE MANUFACTURING: -25.8V -28.0E

[08:52] {Threei}  08:18am Baltic Dry Bulk Index Rises + 5.1%, sixth straight increase (related: IYM DRYS DSX GMR EGLE EXM )

[08:59] {peterg} Morning all; back in hr pls dont take all the $$

[08:59] {Threei}  peter :)

[09:00] {wishbone} gm all

[09:01] {Threei}  wishbone :)

[09:01] {Threei}  cold enough for ya?

[09:01] {wishbone} no!

[09:01] {wishbone} :)

[09:02] {Onix} Good morning all

[09:02] {Threei}  I for one didn't sign up for this when moved out West :)

[09:02] {Threei}  onix :)

[09:02] {dawg} gm all

[09:02] {Threei}  dawg :)

[09:02] {Onix} hi dawg

[09:03] {dawg} hello Onix

[09:03] {wishbone} here ya Vad...

[09:03] {wishbone} i'd rather be sippin' margheritas under a palm tree somewhere!

[09:03] {Threei}  too true

[09:05] {patience} first time for me to be in weather this cold in victoria

[09:08] {lisa_jay} Good morning everyone.

[09:08] {Onix} hi lisa

[09:09] {lisa_jay} Hi Onix

[09:09] {Geo} gm all

[09:09] {Onix} hi geo

[09:09] {Threei}  lisa, geo :)

[09:13] {lisa_jay} Hi Vad.

[09:13] {ese} morning....it's winter on the island....

[09:14] {Threei}  hi ese

[09:14] {Threei}  it sure is

[09:14] {Threei}  [09:02] {Threei} I for one didn't sign up for this when moved out West :)

[09:14] {Geo} its finally raining down here

[09:14] {Threei}  the only consolation is, Winnipeg is -43

[09:15] {ese} nice Christmas feeling....i will go away shortly thereafter

[09:15] {Threei}  I wonder if dino and magoo have power

[09:15] {ese} -43....ouch

[09:17] {cosmo} the ice sheets are coming....the ice sheets are coming...

[09:17] {Threei}  where is global warming when you need it

[09:17] {cosmo} algore is holding his breath...

[09:19] {cosmo} DRYS pre mkt high = 10.49   fwiw

[09:21] {Threei}  yeah... about a dollar gap, keeps me away for now

[09:23] {dino} gm all

[09:23] {Threei}  dino :)

[09:23] {Threei}  weather has mercy on you?

[09:24] {dino} yes, 50 degrees and rain, melted the snow. was 10 deprees saturday.

[09:24] {_elepet} good morning everybody. north california raining and warmish.

[09:25] {dino} degrees

[09:26] {Threei}  elepet :)

[09:27] {Onix} hi elepet

[09:27] {Onix} hello dino

[09:27] {_elepet} it's about 40' in petaluma at 6:25 am, expected 45' later.

[09:28] {dino} where is that el?

[09:28] {_elepet} north of san francisco

[09:29] {Geo} nice place

[09:29] {Geo} stayed in the petaluma sheraton a few yrs ago

[09:29] {Geo} in the napa sonoma areas

[09:29] {dino} ahhh

[09:29] {_elepet} that's right near my house

[09:30] {Geo} maybe next time.... ill just visit heheheheh

[09:33] {magoo} morning

[09:33] {Threei}  watching INTC for pullback

[09:33] {Threei}  magoo :)

[09:33] {Threei}  .75 - .80 zone for long entry

[09:34] {Threei}  watch NASDAQ for help with entry from here

[09:35] {magoo} any news AAPL vad?

[09:36] {Threei}  00:36am [AAPL] Goldman Sachs Cuts AAPL to Neutral from Buy, price target: $115

[09:36] {magoo} ah ty

[09:36] {Threei}  in

[09:36] {Threei}  stop under .70

[09:38] {Threei}  half out .80

[09:40] {Threei}  stopped second half

[09:40] {Onix} stopped intc

[09:42] {Threei}  DRYS stubbornly strong

[09:42] {cosmo} CIEN too

[09:45] {dino} amzn sm l .50, stop .17

[09:46] {ese} drys....interesting....trying to tell us something maybe......world wide shipment of goods maybe not so bad???

[09:46] {Threei}  [08:52] {Threei} 08:18am Baltic Dry Bulk Index Rises + 5.1%, sixth straight increase (related: IYM DRYS DSX GMR EGLE EXM )

[09:46] {ese} or short covering???

[09:47] {_elepet} confession time. I don.t  really know how to do stops properly. So i held on to drys at 10.47 and am now up 5.00% this is very funny. should i take my profit now?  I really am somewhat clueless.

[09:47] {Threei}  take off 2/3 of your position at least

[09:47] {Threei}  3/4 if enough shares

[09:47] {dino} livermore would say, when you get lucky, book it

[09:48] {Threei}  it has a feel of a runner

[09:49] {ese} L AMLN .22 aggressive entry

[09:49] {dino} amzn stop to .90

[09:50] {Threei}  trail the stop for the remaining shares to under 10.90

[09:50] {_elepet} i dI don't know how to do that.

[09:50] {Threei}  just sell

[09:51] {dino} stopped amzn .90, +.40

[09:52] {dino} elepet, just enter 10.90 sell stop

[09:52] {Threei}  you out yet?

[09:53] {dino} hope so

[09:53] {ese} it's not going to work.......

[09:53] {ese} AMLN that is

[09:53] {Threei}  elepet?

[09:54] {_elepet} yeah i'm out. trying to figure out how much i made.

[09:55] {dino} lod dji, ndx

[09:57] {Threei} Long Setup:  PTEN  .92

[09:57] {Threei}  stop under .80

[09:58] {Threei} Long Setup:  DRYS  half lot .10 break if holding above 11

[10:05] {Geo} both invalid vad?

[10:05] {Threei}  reshaped rather

[10:05] {Threei}  .80 break for PTEN if holding .70

[10:06] {Threei}  11 break for DRYS if holding .85

[10:08] {Threei}  .90 big offer DRYS

[10:08] {Threei}  if market help to scroll through it, should be scalpable

[10:09] {Threei}  that was fast

[10:11] {Onix} stopped pten

[10:12] {Threei}  some serious buying pressure suddenly came on DRYS

[10:13] {Threei}  not sure what's up... but if breaks .25, looks like 12 in cards

[10:13] {Threei}  risky as hell

[10:15] {_elepet} i thfunny, i had figured on 12

[10:17] {dino} golds are moving

[10:28] {Threei} Long Setup:  EGLE  .26 half lot

[10:28] {Threei}  stop under .19

[10:33] {magoo} u like the way DRYS is acxting here vad?

[10:33] {Threei}  can't tell really

[10:34] {Threei}  it was ready for take off when market dropped and held it back

[10:34] {Threei}  it's a strong as it can be under the circumstanceas, but it still needs market help

[10:39] {lisa_jay} .

[10:40] {Threei}  SLW looks breaky

[10:40] {Threei}  slow one

[10:41] {patience} yup, been in it for days

[10:41] {patience} but it pays the bills

[10:43] {dino} cpla sm l .30

[10:43] {dino} stop .93

[10:43] {dino} ebs sm l .83, sdtop .49\

[10:45] {dino} .

[10:46] {Geo} anyone else sitting in egle?

[10:46] {_elepet} i am

[10:46] {Geo} ok

[10:49] {Threei}  it went over .40

[10:50] {Threei}  that was 1 to how much??

[10:50] {dino} read the mkt wrong

[10:50] {Geo} i did take 2/33 off

[10:50] {Geo} just wondering on trail

[10:50] {Threei}  ah OK then

[10:50] {Geo} out

[10:50] {peterg} nice one

[10:51] {dino} ebs stopped

[10:54] {dino} f'ing nyse w/hard stops, picked me off and ran

[10:57] {dino} cpla stopped

[10:58] {Chaeron} good morning all

[10:58] {Threei}  chaeron :)

[11:00] {dino} gm ch

[11:00] {lisa_jay} Hi Chaeron

[11:00] {Threei}  what was that on SLW just now

[11:01] {dino} watching amzn, afam, axys fwiw

[11:01] {ese} adding another 1/2 lot of AMLN....avg price will be .05

[11:02] {ese} will be an interesting day trade....if market rises...stop is .80

[11:08] {Threei} Long Setup:  GG  half lot ,30 break

[11:08] {Threei}  stop under .10

[11:09] {Threei}  GM

[11:09] {Threei}  REPORTEDLY GMAC BOND HOLDERS COMMITTEE HAS AGREED TO A BOND SWAP FOR UP TO $10.5B IN DEBT - UNCONFIRMED REPORT

[11:17] {Threei}  market is really sleepy

[11:18] {patience} fomc meeting tomorrow?

[11:18] {Threei}  yeah

[11:18] {patience} it's just that they are so creative now

[11:19] {magoo} i really thought we were to have strong up market this week........sigh

[11:20] {dino} amzn sm l .75

[11:20] {dino} stop .47

[11:20] {Threei}  I guess too much uncertainty, with Big 3 mostly

[11:21] {lisa_jay} gg stop still under .10 Vad?

[11:21] {Threei}  to me yes... if uncomfortable, can be trailed to .15

[11:21] {lisa_jay} thanks

[11:21] {Threei}  but difference is not material as far as I am concerned for a half lot

[11:27] {dino} don't think!

[11:27] {Threei}  moot point dino... we couldn't even if we wanted to {G}

[11:28] {dino} lol

[11:29] {Threei}  (US) TREASURY SPOKESPERSON: TREASURY IS STILL REVIEWING THE DETAILS OF A POTENTIAL AUTO BAILOUT, NO DECISIONS HAVE BEEN MADE YET

[11:29] {Threei}  {GM F}

[11:30] {magoo} wish they would zip-da-lip

[11:31] {magoo} mkts trying here..they killing it with jabber

[11:32] {dino} partiel fill cpla l .74

[11:32] {dino} ok, got it sm .74 l stop .39

[11:35] {Threei}  very long stall... no idea whch way it resolves whenit finally does

[11:36] {Geo} out 

[11:39] {dino} shall i flip the coin?

[11:39] {Threei}  or consult gut

[11:39] {dino} gut in limbo

[11:39] {Threei}  coin then

[11:39] {peterg} hmmmmm....do I feel lucky?

[11:40] {peterg} or just yucky?

[11:40] {peterg} (poetry)

[11:40] {Threei}  can't a fella be both?

[11:40] {peterg} yes!

[11:40] {KSystems} well then...I gotta go again..dad's birthday

[11:41] {KSystems} be back tomorrow

[11:41] {dino} contra coin flip, tails, it's up

[11:41] {Threei}  take care KS, have fun

[11:41] {KSystems} you too ;) dont fall asleep

[11:41] {magoo} bye KS

[11:41] {dino} cya ks

[11:41] {magoo} aapl ,ong .50 to go over 95

[11:41] {magoo} RISKY small

[11:42] {magoo} stop .17

[11:42] {magoo} start reading DRYS vad

[11:44] {Threei}  until market defines direction, nothing to read really

[11:44] {Threei}  mess within narrow range

[11:46] {dino} pins and needles, needles and pins

[11:53] {magoo} 94.70 turned aapl back twice here

[12:03] {lisa_jay} .

[12:04] {dino} nice point lj

[12:06] {Threei}  very fine point, I agree

[12:06] {lisa_jay} sorry...just testing if i was asleep or not.

[12:06] {dino} lol

[12:06] {peterg} perhaps .0001 or 0002

[12:07] {dino} indeed

[12:07] {peterg} quite right, quite right

[12:10] {magoo} diein' a hard way to make a livin'

[12:11] {dino} geoy hl l .10, stop .88

[12:13] {dino} we all gotta die magoo

[12:15] {magoo} u first lol

[12:16] {ese} outta here for the day....4 more shows with my high school rhythm and blues band this week.....and then......ALCHOHOL!!!!!

[12:17] {Threei}  take care ese :)

[12:17] {ese} see ya vad

[12:18] {dino} cya es

[12:20] {Threei}  I need some device capable of keeping eyelids open

[12:21] {Geo} flexible toothpicks work well

[12:21] {Threei}  scoth tape?

[12:21] {Geo} atleast they did in tom and jerry

[12:24] {dino} gorilla glue

[12:24] {Threei}  half out GG

[12:24] {Threei}  can't believe thing finally moved

[12:25] {magoo} thats from a while back correcty

[12:25] {Threei}  more than hour ago

[12:26] {dino} hours=days in this business

[12:26] {dptl} good morning all

[12:26] {Threei}  dp :)

[12:26] {dino} gm dp

[12:26] {Threei}  negotiated snowy roads or what?

[12:27] {dino} amzn to b/e

[12:27] {dptl} it's not that bad here...just was busy :)

[12:27] {dino} geoy won't move tighten to .94

[12:29] {dino} out amzn .98, +.23

[12:29] {patience} good stuff dino, no trades for me yet

[12:30] {dino} ty

[12:30] {dino} eqix spike

[12:30] {dino} missed, too fast

[12:34] {Threei}  gosh, I just looked at volume

[12:34] {Threei}  next to non-existent

[12:39] {Threei}  out second half GG

[12:40] {Threei}  USO went red, don't want to hold gold stock

[12:47] {Threei}  CLWR

[12:47] {Threei}  HOSTING PRESS CONFERENCE WITH INTC ON JAN 6 TO INTRODUCE NEW 4G MOBILE NETWORK TECHNOLOGY

[12:47] {Threei}  {INTC}

[12:48] {Threei}  why don't I get CLWR quotes

[12:48] {Geo} same here

[12:48] {Geo} in esignal too

[12:48] {Threei}  last day on daily is 11/28

[12:48] {Threei}  shrug

[12:49] {dino} geoy stopped -.16

[12:49] {tomg} ty egle earlier vad

[12:49] {Threei}  tom :)

[12:50] {tomg} bad weather, power off and on now

[12:50] {Threei}  yikes

[12:51] {Threei}  had internet outage yesterday for about an hour

[12:51] {tomg} yesterday 60F, today 30F and icy

[12:51] {wishbone} did u sign up for this when u moved to vic vad?

[12:52] {Threei}  decisively no

[12:52] {Geo} lol

[12:52] {wishbone} have u looked outside?

[12:53] {Threei}  I refuse to

[12:53] {wishbone} try it.....

[12:53] {Threei}  nope

[12:53] {Threei}  just lwet me know when it's over

[12:53] {wishbone} you'll regret it!

[12:54] {wishbone} :)

[12:54] {patience} gee vad, the council supply residents on our street with free vodka

[12:55] {Threei}  hmmm

06[12:55] * Geo packs up to move

[12:56] {patience} funny to think the council just trucked in snow from ski hills 4 hours away so the kids could experience snow

[12:56] {Threei}  cheery neighbors made a snowman

[12:56] {Threei}  I snapped a picture from the window

[12:56] {Geo} so you did look !!!!

[12:56] {Threei}  yeah :(

[12:56] {Threei}  now I need counceling

[12:57] {Threei}  psychological trauma, you know

[12:58] {wishbone} sunny, clear skies give you psychological trauma?

[12:58] {Threei}  no... but snow-covered ground does

[12:59] {wishbone} oh...gives you flashbacks to Winnipeg!

[13:00] {Threei}  eqzaktly

[13:00] {Threei}  *DEC NAHB HOUSING MARKET INDEX: 9 V 10E

[13:00] {wishbone} lol...ya been there 6 too many times

[13:00] {Threei}  any of them in the dead of the winter?

[13:01] {Threei} Short Setup: USO  half lot 37 break if stays under 37.15

[13:02] {Threei}  ugh

[13:02] {Threei}  not in a short list

[13:02] {Threei}  lol... 1:1 in one second

[13:03] {wishbone} ya 4...the other 2 were during mosquito heaven?

[13:03] {Threei}  then you have full appreciation of the place :)

[13:03] {wishbone} of course:)

[13:03] {Threei}  1:2 USO

[13:04] {Threei}  if nothing else, at least paper trade it for educational purposes

[13:04] {Geo} sniff

[13:04] {Threei}  yeah

[13:18] {Threei}  with almost 2/3s of trading day gone, volume is 1/3 of Friday's

[13:18] {Threei}  DRYS hard selloff

[13:21] {Threei} Long Setup:  USO  37 break half lot if stays above .85

[13:22] {dino} axys sm l .99, stop .63

[13:23] {Threei}  yuck

[13:23] {Geo} wo

[13:23] {Geo} sneaky

[13:24] {dino} alog smackdown

[13:24] {Geo} try again?

[13:24] {Threei}  I am out breakoeven into this bounce

[13:25] {Threei}  it wants higher maybe but this volatility is not to my liking

[13:25] {Threei}  no control

[13:34] {dino} tbsi l .30, stop lod

[13:35] {Threei}  wow

[13:35] {Threei}  and I mean wow

[13:36] {lisa_jay} yes...my 3c loss looks nice now

[13:36] {Geo} yup

[13:36] {Threei}  good thing I decided againsat trying to squeeze something out of it

[13:36] {Threei}  50 second in a blink of eye

[13:36] {Threei}  50 cents, sorry

[13:37] {lisa_jay} r q"s cup handle now

[13:37] {Threei}  and half of it back in a blink of second eye

[13:45] {Threei}  lol, look at USO

[13:47] {Threei}  ok, this is relief:

[13:47] {Threei}  AIG

[13:47] {Threei}  NOTES IT HAS NO EXPOSURE TO THE MADOFF SCHEME

[13:47] {Threei}  just think about it - there is some scheme AIG has no exposure to

[13:50] {dino} surprised they didn't add; "that we know of"

[13:50] {Threei}  lol

[13:50] {lisa_jay} Vad, Q's any setup here....too choppy to bother i guess.

[13:50] {Threei}  just an low volume jerky mess lisa

[13:51] {Threei}  crapshoot, may get a scalp, may get scalped, 50/50

[13:51] {Threei}  no need to accumulate stops

[13:51] {patience} even the computer program trading machines are bored lisa

[13:51] {Threei}  lol

[13:51] {lisa_jay} Yeah.

[13:51] {lisa_jay} There is my answer Vad.

[13:51] {Threei}  any valid setup will shake you out only to bounce back right away

[13:52] {Threei}  but the one you refuse to take stop on will continue against you

[13:52] {lisa_jay} Murphy's law.

[13:52] {Threei}  yup

[13:57] {Geo} vad dcc pls

[13:57] {Threei}  do I have to?

[14:01] {dino} no

[14:10] {peterg} OK, heres a question for you laser users: on account summary, theree is tickets, shares, etc.  realized, unrealied and ratio.

[14:10] {peterg} what is ratio?

[14:11] {peterg} expenses to profits?

[14:12] {peterg} dont mean to disturb anyone's nap

[14:13] {Threei}  funny thing is, peter,

[14:13] {Threei}  at some point I wondered,

[14:13] {Threei}  found out

[14:13] {Threei}  and totally forgot now

[14:13] {peterg} and have forgotten!

[14:13] {Threei}  yup

[14:13] {peterg} you dont think its % of expense 

[14:13] {Threei}  no

[14:14] {Threei}  something to do with positive/negative trades

[14:14] {peterg} ok, I dont care about that, I think

[14:14] {peterg} Am trying to get a feel for per cent of profit consumed by expenses in laser

[14:14] {peterg} not too hard to figure

[14:15] {Threei}  on the analysis page there are:

[14:15] {Threei}  overnight ratio

[14:15] {Threei}  total ratio

[14:15] {Threei}  passthrough ratio

[14:15] {Threei}  commissions ratio

[14:15] {Threei}  and net ratio

[14:16] {Threei}  I am sure something of this is what you are looking for

[14:16] {peterg} thks

[14:26] {magoo} so much for the santa claus rally theory

[14:26] {Threei}  well, there is time still

[14:26] {wishbone} ho ho...no

[14:26] {patience} this is the rally until tax selling starts shortly

[14:26] {Threei}  considerFOMC tomorrow and GM/F uncertainty

[14:27] {Threei}  we still may post a nice rally when those things resolve

[14:27] {Geo} made a few bad trades today... need some castor oil

[14:27] {Threei}  and from pure chart point of view, so far all we have is a very shallow pullback on a very low volume

[14:29] {peterg} From a personal point of  view it is so boring that I am going to go look at more cell phone possibilities.

[14:30] {Threei}  Rogers offered me a free Blackberry Curve with just $15/month more than my current plan

[14:30] {Threei}  GPS model

[14:30] {peterg} Sounds good

[14:30] {Threei}  ... and I turned it down

[14:30] {peterg} Smarter yet

[14:30] {Threei}  lol

[14:31] {peterg} Keep old until dies

[14:31] {Geo} i am trying to get rid of my 8830 but company wont let me

[14:31] {peterg} whats 8830 geo?

[14:31] {Geo} blackberry

[14:31] {peterg} yeah

[14:32] {peterg} what do you want?

[14:32] {peterg} instead?

[14:32] {Geo} no phone

[14:32] {peterg} wow, radical

[14:32] {peterg} implant

[14:32] {peterg} landline

[14:32] {peterg} walkie talkie

[14:32] {Geo} better still have a guy who holds the phone for me

[14:32] {peterg} I like it

[14:32] {Threei}  home pigeon

[14:32] {Geo} and says " the boss isnt available"

[14:33] {dino} just be like me and don't turn it on

[14:34] {peterg} that was me at the beginning of the cell phone movement.

[14:34] {peterg} Now use it to dominate children

[14:34] {peterg} and spous

[14:34] {peterg} not sure who dominates who

[14:34] {Geo} bidu !!!

[14:34] {dino} wife gets mad about it, but i told her i bought so i could make calls not receive

[14:35] {Geo} true

[14:35] {Geo} I NEVER REFUSE WIFE CALLS

[14:35] {Geo} hehehe

[14:35] {Geo} keeps me well fed

[14:35] {dino} lol

[14:36] {peterg} you like bidu up or down?

[14:36] {dino} tbsi stop to .42

[14:36] {dino} out +.12

[14:36] {Geo} me? no idea... i dont touch anything ove 100

[14:36] {Geo} one of my rules

[14:37] {peterg} dino, you done with tbsi?

[14:37] {Threei}  (US) PRESIDENT-ELECT OBAMA ADVISOR TYSON: QUANTITATIVE EASING IS THE WAY TO GO, FED SHOULD ACT TO MITIGATE ECONOMIC FEAR - TV INTERVIEW

[14:37] {Threei}  - Notes she has called for a stimulus with a "big number."

[14:37] {dino} out. but nice pattern between .26-.45

[14:37] {peterg} nice

[14:37] {dino} hits .26 i will go again

[14:37] {Threei}  QUANTITATIVE EASING?

[14:37] {Threei}  do they have any more room to ease after tomorrow's cut?

[14:38] {dino} they are going to mail out $10k to everybody

[14:38] {Threei}  I hope canaians aincluded

[14:39] {Threei}  I'll accept copndition to spend it in US

[14:39] {dino} lol

[14:39] {dino} drys same pattern, .15-.90 peter

[14:40] {dino} brb

[14:42] {Threei}  (KU) KUWATI OIL MINISTER: BELIEVES THAT OPEC WILL CUT OUTPUT AT ITS UPCOMING MEETING

[14:42] {Threei}  - Oil inventories are at a five-year high.

[14:42] {Threei}  - Noting that Kuwait is "having trouble" finding customers.

[14:43] {Threei}  "having trouble" finding customers? Did they ever stop to think of such outcome when prices were skyrocketing?

[14:43] {Threei}  why do I feel very little sympathy...

[14:43] {magoo} i feel really bad for the arabs right now..its sad

[14:44] {Threei}  ok mags, wait for me couple min

[14:44] {Geo} yeah mee too

[14:44] {Threei}  I'll try hard to join you in these feelings

[14:44] {Geo} all downgrading to maseratis

[14:44] {Threei}  trying....

[14:44] {Threei}  trying....

[14:44] {Threei}  nah, no go

[14:44] {Threei}  don't wait for me anymore

[14:44] {Geo} am i gald vad was talking about feelings

[14:45] {Threei}  oh, but I am extremely sensitive type

[14:45] {Threei}  feeling is all I talk about

[14:45] {Threei}  I also cry when see pretty sunset

[14:45] {Threei}  or that thing

[14:45] {Threei}  what do you call it

[14:45] {Threei}  oh... flower

[14:45] {Geo} sheeeeesh

[14:45] {Geo} slow trading tay

[14:46] {Threei}  ya think?:)

06[14:46] * Geo ducks

[14:46] {Threei}  1 hour left, volume is half of Friday's

[14:49] {Geo} http://online.wsj.com/article/SB122929670229805137.html

[14:49] {Geo} etf and volatility

[15:04] {lisa_jay} anything for happy hour?

[15:05] {Threei}  looking lisa

[15:05] {Threei}  maybe last hour activity will bring something

[15:05] {Threei}  but I officially nominate this day the most boring day of 2008

[15:06] {lisa_jay} Yeah.

[15:07] {lisa_jay} Those big red candles are not inspiring any confidence i guess.

[15:07] {dino} watching t, stalking tbsi

[15:08] {Threei}  DRYS pullbacks are scalpable

[15:17] {Threei}  ummm... so far last hour is just as empty and boring

[15:26] {dino} alog l .17

[15:31] {Threei}  in hindsight I am beaiting myself for not caling DRYS for bounce ay .86

[15:31] {Threei}  felt right but this day probably weighed on me

[15:31] {Onix} hindsight always 20-20 hey?

[15:31] {Threei}  especially mine

[15:32] {Threei}  you have no idea how high quality my hindsights are of

[15:32] {Threei}  I'd say I achieve 21/20

[15:32] {cosmo} 20-10 if yur're really good

[15:32] {Onix} lol

[15:32] {Geo} vad all i am going  to say is.....

[15:32] {Threei}  don't

[15:32] {Geo} i respect your trading skills

[15:32] {Threei}  ah OK

06[15:33] * Threei puts trout back in holster

06[15:33] * Geo sniggers about the unsaid

[15:33] {dino} out alog .33, +.16

[15:34] {Onix} gj

[15:34] {lisa_jay} nice dino.  

[15:34] {dino} ty lucky

[15:35] {Threei}  wow

[15:35] {dino} 3:40 rally?

[15:35] {Threei}  that's more than I expected from DRYS last bounce

[15:35] {lisa_jay} Market giving more than .05c move finally.

[15:36] {dino} mkt spiked

[15:36] {lisa_jay} What the **** was that?

[15:36] {magoo} think DRYS going for 211?

[15:36] {Threei}  no news

[15:36] {Geo} oooooooh

[15:36] {magoo} 11?

[15:36] {Threei}  low volume environment

[15:36] {Threei}  moves are a bit eaggerated

[15:36] {Threei}  really doubt that mags

[15:36] {cosmo} 12?

[15:36] {Threei}  sigh

[15:37] {dino} ugh alog

[15:41] {peterg} the sheik be buyin

[15:41] {peterg} from a small office in Qatar, he surveys the known universe through universal scanners

[15:42] {peterg} and knows the futures

[15:42] {peterg} future

[15:42] {Threei}  and futures

[15:42] {peterg} so much the better

[15:42] {Geo} why qatar?

[15:42] {peterg} met a sheik from there 

[15:42] {Geo} its the poorest sheikdom

[15:43] {peterg} not any more i think

[15:43] {Geo} lol

[15:43] {peterg} :)

[15:47] {Threei}  somewhat labored "rally"

[15:48] {Threei}  I mean if that were a rally for my cause, I'd feel really underappreciated

[15:48] {Geo} heheh

[15:48] {peterg} dove by sheik's house in UAE; dude had two personal planes--small one was Airbus A3XX; large one was 747.

[15:49] {peterg} just rambling on sheik thread

[15:49] {Geo} i cuold tell ya stories

[15:50] {Threei}  anyonbe watching DRYS? geleportation setup quite a few times, absolute copy of what we used to play on UAUA

[15:51] {Threei}  geo is now known as Scheherezade

[15:52] {magoo} where u entering?

[15:52] {Threei}  no way to tell in advance mags

[15:52] {Threei}  remember how it played out with UAUA?

[15:53] {peterg} so is pure emo play?

[15:53] {_elepet} i am always watching drys. keep going in and out.

[15:53] {peterg} making $?

[15:54] {_elepet} yep. about $400 a day

[15:54] {peterg} nice

[15:54] {Geo} nice 

[15:54] {_elepet} it's my pet.

[15:54] {Threei}  aka personal ATM

[15:55] {Geo} elePET

[15:55] {Threei}  lol

[15:56] {Geo} vad whats laser port number again pls?

[15:56] {Threei}  15905

[15:56] {Geo} ty

[15:56] {Geo} rebuilt pc

[15:59] {Threei}  Ok guys

[15:59] {lisa_jay} Vad, quick DCC please.

[15:59] {Threei}  if you insist I will apologize for the market being so boring today

[15:59] {Threei}  but I really don't want to

[15:59] {Threei}  so you better don't insist

[16:00] {dino} out axys +.-06 whoo-hoo

[16:00] {dino} +

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {dino} u2

[16:01] {_elepet} bye. 

[16:01] {peterg} was watching DRYS so intently, did not notice market closed

[16:02] {peterg} wondered why no price action.

[16:02] {peterg} thks all.

[16:04] {dino} been there peter

02[16:10] * Disconnected

Session Close: Mon Dec 15 16:10:42 2008

Dec 12 2008

A few good educational discussions, one is pre-market. And yeah, profitable day again. Boring, I know. Sorry.

Session Time: Fri Dec 12 00:00:00 2008

[08:30] {Threei}  NOV ADVANCE RETAIL SALES: -1.8% V -2.0%E; LESS AUTOS: -1.6% V -1.8%E

[08:30] {Threei}  *NOV PRODUCER PRICE INDEX M/M:-2.2 % V -2.0%E; PPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E

[08:38] {hawkfan4} morning

[08:40] {patience} good morning   :)

[08:40] {Threei}  hawk, patience :)

[08:42] {_elepet} good morning

[08:42] {Threei}  elepet :)

[08:54] {Onix} gOOD MORNING ALL

[08:55] {Onix} sorry for the caps,it is not that good!

[08:55] {cosmo} good for a buggy whip rebound maybe?

[08:56] {Onix} yes, that could easily happen

[08:59] {cosmo} EXEL

[08:59] {cosmo} 4.65 pr mkt high

[08:59] {Threei}  onix, cosmo, ese :)

[08:59] {cosmo} 3i:)

[09:00] {KSystems} Good morning :)

[09:00] {Threei}  ks :)

[09:00] {Onix} hi ks

[09:02] {peterg} all; saw tv say market tanks after bailout denied. doesnt look so badf

[09:02] {cosmo} DRYS pr mkt high = 7.86  fwiw

[09:02] {cosmo} should hold 7.50  ...?

[09:06] {dino} gm all, end of days again

[09:06] {Threei}  dino :)

[09:06] {Onix} hi dino

[09:08] {peterg} i mean good morning all

[09:08] {Threei}  peter :)

[09:08] {Threei}  market is climbing back

[09:09] {Threei}  waiting for plan B as in TARP funds to automakers?

[09:09] {Geo} good morning

[09:09] {Threei}  geo

[09:09] {Onix} hi peter

[09:09] {Threei}  lol, there you go

[09:09] {Threei}  WHITE HOUSE AIDE: PRESIDENT BUSH WOULD CONSIDER USING TARP FUNDS TO HELP AUTOMAKER

[09:09] {Threei}  - Letting the automakers fail would be irresponsible.{F GM}

[09:12] {dino} this auto game reminds me of tarp game. need 6 votes to get it, do damage, drag it out for political shining, then vote it through

[09:12] {cosmo} no auto maker left behind...

[09:12] {Onix} you can read their minds already Vad?

[09:13] {Threei}  thought yesterday when they rekected a loan that would be a theme today, Onix

[09:13] {Threei}  I find it hard ti imagine they would let them fail now

[09:13] {Threei}  last thing Bush wants is to have this last stain

[09:13] {Onix} true .. just stalling like dino says

[09:13] {Threei}  he will prefer to postpone this decision and leave it to next prez

[09:14] {Threei}  so in this or that form, it will go throuhg

[09:14] {Threei}  and dino's analogy is dead on

[09:14] {dino} remember sept votes, 6 or so off. repeating imo

[09:15] {Threei}  I intend to be very conservative and risk-averse today guys

[09:15] {dptl} good morning all

[09:15] {Threei}  dp :)

[09:15] {Onix} hi dp

[09:15] {dptl} :)

[09:16] {Threei}  one reason is obvious, jerky market in highly fluid situation with constant news barrage

[09:16] {Threei}  another is...

[09:16] {Threei}  I've run incredibly long streak of winning days, can't even remember last losing one

[09:16] {Threei}  I think more than month ago

[09:16] {ese} morning

[09:16] {Threei}  there are odds

[09:17] {Onix} hi ese

[09:17] {Threei}  and I have to account them in

[09:17] {ese} hey onix

[09:17] {Threei}  whe inevitable losing day comes, I want damage to be minimal

[09:17] {dino} i understand vad

[09:17] {Threei}  the worst thing you can do in this situation is to decide that it's your genius in works,

[09:18] {Threei}  and you are immune to losses

[09:18] {wishbone} gm all

[09:18] {Threei}  wishbone :)

[09:18] {Onix} hi wishbone

[09:18] {Threei}  healthy dose of humbliness is necessary

[09:19] {Onix} otherwise the market WILL do it to you?

[09:19] {Threei}  and being humble is not really my character trait... so gotta deliberately restrain myself :)

[09:19] {Threei}  exactly onix

[09:19] {Threei}  doeas it sound familar:

[09:20] {Threei}  you win, win, win, having great streak,

[09:20] {Threei}  then one day comes

[09:20] {Threei}  that eats absolutely disproportional portion of your winnings

[09:20] {Onix} way too familiar

[09:20] {Threei}  there

[09:20] {Threei}  this is ego at work

[09:20] {lisa_jay} Hello everyone

[09:21] {Threei}  lisa :)

[09:21] {Onix} hi lisa

[09:21] {Threei}  you decided subconsiously it's not odds, it's not your system,

[09:21] {Threei}  it's YOU

[09:21] {Threei}  great and terrbile, invincible

[09:21] {Threei}  rules don't apply to you

[09:21] {Threei}  you will win anyway

[09:21] {Onix} ha-ha-ha

[09:21] {Threei}  following rules or breaking them, you are above the rules

[09:22] {Threei}  well... smackdown comes inevitable, and hard smakdown it will be

[09:22] {dino} been there

[09:22] {Threei}  yeah... ask me how I know :)

[09:22] {Onix} structure & discipline or i go under

[09:22] {peterg} just when I wuz gonna increase my share size to 2000

[09:23] {peterg} kidding

[09:23] {peterg} whom the gods would destroy, first they make proud

[09:23] {Threei}  very true

[09:23] {Threei}  http://www.realitytrader.com/blog/2007/09/costly-hiccups-do-you-have-any.html

[09:25] {Threei}  there is time for everything... sure, push harder when you are hot, but remember to start slowing down at some point

[09:25] {Threei}  and let natural cycles work their magic

[09:25] {ese} news on EXCEL anyone

[09:25] {ese} sory EXEL

[09:25] {Threei}  05:54am [EXEL] Enters global collaboration deal with BMY on two cancer programs; to receive $195M cash payment from BMY

[09:26] {ese} tks vas

[09:26] {ese} vad

[09:26] {ese} cannot spell this morning

[09:26] {Threei}  this morning? I am full of envy

[09:27] {lisa_jay} .

[09:28] {ese} morning lisa

[09:29] {lisa_jay} Hi Ese.

[09:30] {Threei}  DRYS pulled back into premarket support

[09:31] {Threei}  and bounced off it faster than I could blink

[09:32] {dino} downgrade drys to underperform fwiw

[09:34] {ese} bstop EXEL .51

[09:35] {ese} L EXEL .54 

[09:36] {Threei}  *US TREASURY READ TO PREVENT FAILURE OF US AUTOMAKERS

[09:36] {ese} stop .35

[09:36] {Threei}  ready I guess

[09:36] {Threei}  in the line above

[09:37] {ese} Out EXEL .72 lot and a 1/2 +.20

[09:37] {dino} gj

[09:37] {lisa_jay} nice

[09:37] {patience} nice ese  :)

[09:37] {ese} quick

[09:38] {dino} shld

[09:38] {Threei}  *US TREASURY: READY TO PREVENT FAILURE OF US AUTOMAKERS, PREPARED TO ASSIST INDUSTRY UNTIL CONGRESS RECOVENES

[09:38] {Threei}  {GM F}

[09:38] {Threei}  yup... can will be kicked down the road

[09:39] {dino} retail stronger

[09:39] {dino} amzn, shld cost

[09:39] {dino} etc

[09:40] {ese} L AMLN 3/4 .49

[09:41] {ese} stop .25

[09:41] {Threei}  DRYS, looking for bounce off .60 roughly

[09:42] {magoo} lisddslhdghkdjds.j

[09:43] {patience} good morning magoo

[09:43] {lisa_jay} Hi Magoo.

[09:45] {Threei}  mags :)

[09:46] {Threei}  feels like dump is coming

[09:47] {ese} hmmmm thought AMLN was gonna stop me there

[09:48] {Threei}  AMLN can be treacherous that way

[09:48] {ese} ya those big long minute bars don't look comforting for sure

[09:49] {ese} oh well....stop is in place we'll see

[09:49] {ese} STOPPED!!!

[09:50] {Threei}  hmmm... no dump

[09:51] {dino} strange

[09:51] {ese} look at it....what a piece of ......&^%^&%$&^

[09:51] {dino} lol

[09:52] {dino} i don't trust this bounce

[09:53] {ese} AMLN you mean

[09:53] {Threei}  ese, I think AMLN should be ignored on traditional breakout setups and bought for scalp on shakeouts

[09:53] {dino} markets i was thinking es

[09:53] {ese} whole heartedly agree

[09:55] {Threei}  DEC PRELIMINARY UNIVERSITY OF MICHIGAN: 59.1 V 54.5E

[09:57] {cosmo} green

[09:57] {dino} ndx green

[09:58] {cosmo} :)

[09:58] {dino} comp green

[10:00] {Threei} Long Setup:  F  2.90 if stays above 2.80

[10:02] {Threei}  UAW press conference

[10:02] {Threei}  on TC

[10:02] {Threei}  TV

[10:02] {Geo} invalid i guess

[10:03] {peterg} Bring back Walter Reuther. Samuel Gompers, they were interesting people

[10:03] {peterg} I went to school with the son of Saul Alinsky, if any remember him.

[10:03] {peterg} Interestingt people

[10:04] {peterg} a "community organizer."

[10:05] {Threei}  are you listening to this?

[10:05] {peterg} qqqq keeps going up

[10:06] {peterg} no tv here

[10:06] {Threei}  guy talks about the negotiations as if it were poker

[10:06] {Threei}  they tried to guess who bluffed, who had really strong hand

[10:06] {lisa_jay} he does look a little scared though

[10:07] {Geo} what i am amazed at is they are basically not willing to compete

[10:08] {dino} the unions much give or the workers will be out of work, imo

[10:08] {Geo} yup

[10:09] {Geo} looks like its blindingly obvious to everyone except them

[10:09] {Threei}  I guess they just play this high stakes game

[10:09] {ese} look at AMLN.......all I can say is "ALCHOHOL WORKS" !!!!

[10:10] {Threei}  counting on current powers to provide something to sustain them till Obama takes over,

[10:10] {Threei}  then having different regime and climate

[10:10] {Threei}  DRYS pulled back into support

[10:10] {Threei}  ugh... too fast again

[10:11] {Threei}  two supports here:

[10:11] {Threei}  8.50, questionable one

[10:12] {Threei}  8.30, much stronger

[10:12] {Threei}  I'll wait for another leg down

[10:12] {Threei}  there it goes

[10:13] {Threei}  come on, dive more

[10:15] {dino} mkts dropping

[10:16] {Threei}  (US) SENATOR CORKER: USING TARP FUNDS WITHOUT PROPER CONDITIONS MAY NOT BE SUCCESSFUL

[10:16] {Threei}  UAW PRESIDENT: CALLS ON THE TREASURY, FED TO ASSIST THE AUTOMAKERS, BELIEVES "THESE ARE THE ONLY OPTIONS LEFT"

[10:16] {Threei}  - Were prepared to negotiate with bill along terms provided by the White House

[10:16] {Threei}  - Had reached tenative pact with Senate Rep Crocker, GOP caucus could not be convinced of plan

[10:16] {Threei}  - Republican proposal would have required massive exchange of equity from company

[10:16] {Threei}  - Under the impression that they were being 'set up' by Republican senators

[10:16] {Threei}  - Were prepared to put job bank elimination in the bill, GOP pressed for parity with foreign auto companies operating in US{F GM}

[10:17] {Threei}  GM CO. ENCOURAGED BY THE WHITE HOUSE SAYING IT WOULD CONSIDER USING TARP FUNDS TO HELP THE AUTO INDUSTRY

[10:17] {Threei}  - says will work closely with the Administration

[10:17] {lisa_jay} drys at .30 level

[10:18] {lisa_jay} Any interest still Vad?

[10:18] {Threei}  yes but market feels like another leg down coming

[10:18] {Threei}  want to have market on our side

[10:19] {Threei}  finger on a trigger

[10:21] {Threei}  sheesh

[10:21] {magoo} in .46

[10:21] {Threei}  I am way too hesistant I guess

[10:21] {Geo} in .40

[10:21] {Threei}  hit my buy zone perfectly

[10:22] {Geo} out all

[10:22] {dino} sso hl s .5, stop .52

[10:22] {Threei}  wtg guys

[10:23] {lisa_jay} I am even more hesitant Vad...waited for dip under 30 with strenght to show and buy at .31.  Sigh.

[10:23] {Threei}  just no feeling of pattern forming confidently

[10:23] {dino} sso s was .25

[10:24] {lisa_jay} news driven day

06[10:27] * Geo slaps Threei around a bit with a large trout

[10:27] {Geo} [07:21] {Threei}  I am way too hesistant I guess

[10:27] {Geo} vad wants a perfect score

[10:27] {Threei}  no

[10:28] {Geo} j/k

[10:28] {Threei}  just don't want to get into so-so trade without having confident read on it

[10:28] {Geo} that isnt a fun answer :)

[10:29] {Threei}  sorry

[10:29] {Threei}  here is fun one

[10:29] {Geo} chop zone now i guess

06[10:29] * Threei slaps Geo around a bit with a large piece of uncertainty in the market

[10:29] {Geo} heheh

[10:34] {dino} cov sso .02, +.23

[10:35] {patience} nice dino, i'm just sitting in silver wheaton

[10:35] {dino} ty, going slow today

[10:36] {Chaeron} good morning all

[10:36] {Threei}  chaeron :)

[10:36] {lisa_jay} Hi Chaeron.

06[10:36] * dino slaps Chaeron around a bit with a large trout

[10:37] {Chaeron} Hi Threei, Lisa :) Dino...

06[10:37] * Chaeron slaps dino around a bit with a large trout

[10:37] {dino} :)

[10:37] {Chaeron} backatcha

[10:38] {Onix} hi chaeron

[10:38] {Chaeron} come on guys and girls... It's friday, let's kick it up

[10:38] {Onix} or down?

[10:38] {Chaeron} Onix :) hope you're doing good

[10:38] {Onix} so-so ty

[10:38] {Chaeron} ("well" as raven would correct me

[10:39] {dino} well

[10:39] {dino} opps

[10:39] {Chaeron} PRU

[10:39] {magoo} any read q vad?

[10:39] {Threei}  up for the moment

[10:39] {Threei}  not very far

[10:40] {Threei}  kind of scalp... but can't find the entry

[10:40] {Threei}  maybe this:

[10:40] {Threei}  .07 with stop under 29

[10:41] {Geo} ?

[10:41] {Geo} short?

[10:41] {Threei}  [10:39] {Threei} up for the moment

[10:41] {Threei}  how is it short?? :)

[10:42] {Geo} then confused about .07

[10:42] {Threei}  I was answering magoo's question about Qs

[10:42] {Geo} ahhhhh

[10:42] {Geo} i saw the big PRU

[10:42] {Geo} sorry

[10:42] {Geo} i need coffee

[10:42] {Threei}  1:1 btw, Qs

[10:42] {Geo} drat

[10:43] {Geo} still frantically scanning pru

[10:44] {Chaeron} sorry Geo... my fault

[10:44] {Threei}  anyone took that Qs?

[10:44] {magoo} looking for more vad

[10:44] {magoo} .30 area

[10:44] {Geo} nah..... getting scatterred here

[10:44] {magoo} me

[10:44] {Threei}  maybe mags... but do me a favor

[10:45] {Threei}  sell half

[10:45] {magoo} nope

[10:45] {Threei}  sigh

[10:49] {lisa_jay} gg vad

[10:50] {magoo} sigh its still scalpers mkt only i guess

[10:53] {magoo} out .30 vad TY

[10:53] {peterg} .30

[10:54] {lisa_jay} nice

[10:54] {peterg} just remarking, not making; nice mag & vad

[10:54] {magoo} finally out DRYS .73

[10:54] {magoo} TY vad

[10:55] {dino} yum hl l .50

[10:55] {dino} stop .23

[10:56] {Threei}  welcome mags

[10:56] {dino} dji wants flat imo

[11:05] {Geo} eked out 7o bucks today

[11:05] {Geo} need to leave 11:30 for kids recitals.....

[11:06] {magoo} well thats roughly $35/hour

[11:06] {Geo} not bad i guess

[11:06] {Geo} half the autoworkers

[11:06] {Threei}  lol

[11:06] {Threei}  in DRYS half lot ..69

[11:06] {Threei}  stop under .60

[11:06] {Threei}  counting on another leg up QQQQ

[11:07] {Threei}  half out .81

[11:08] {magoo} waiting .95

[11:08] {magoo} kicjng

[11:17] {Threei}  holding well this time while Qs retreat

[11:17] {Threei}  ideally, we would get sharp spike in the market now

[11:17] {Threei}  that would have sent DRYS rocketing

[11:18] {dino} feels like whoosh lower

[11:18] {Threei}  yeah

[11:19] {Threei}  anyway, stop is under b/e on second half

[11:19] {dino} sso s hl .50. stop .76

[11:20] {Threei}  out

[11:23] {dino} yum stopped -.17

[11:33] {dino} yum rinsed

[11:42] {dptl} .

[11:50] {Threei}  ‘Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?’ No! No! No! Bear Stearns is fine! Do not take your money out. … Bear Stearns is not in trouble. I mean, if anything they’re more likely to be taken over. Don’t move your money from Bear! That’s just being silly! Don’t be silly!” —Jim Cramer, responding to a viewer’s e-mail on CNBC’s Mad Money, March 11, 2008

[11:51] {wishbone} lol

[11:51] {Threei}  6 days before collapse

[11:51] {dino} cov sso .26, +.24

[11:52] {Threei}  [A]nyone who says we’re in a recession, or heading into one—especially the worst one since the Great Depression—is making up his own private definition of ‘recession.’” —Donald Luskin, The Washington Post, Sept. 14, 2008

[11:52] {magoo} where'd u find that?

[11:52] {Threei}  The day after Luskin’s op-ed, “Quit Doling Out That Bad-Economy Line,” appeared in the Post, Lehman Brothers filed for bankruptcy, and the rest is history.

[11:53] {Threei}  http://www.foreignpolicy.com/story/cms.php?story_id=4569&print=1

[11:56] {dino} geoy l hl .51

[12:02] {Threei}  DRYS returns to 9 for the 3rd time

[12:09] {Threei}  F...

[12:09] {Threei}  and I mean stock symbol, not what you just thought

[12:09] {dino} hey!

[12:09] {Threei}  lol

[12:09] {magoo} F U lol

06[12:10] * Threei slaps magoo around a bit with a large Dictionary of Decent Words

[12:12] {magoo} in russo?

[12:13] {Threei}  nope

[12:13] {magoo} germanic?

[12:14] {magoo} [12:13] {Threei}  nope

[12:15] {dino} canadianese?, lol

[12:19] {Threei}  DRYS is going to break this time

[12:20] {KSystems} you buying it?

[12:20] {Threei}  9.05

[12:20] {Threei}  if getting hit

[12:20] {Threei}  with stop under .90

[12:22] {Threei}  come on, move

[12:23] {Threei}  WILL ANNOUNCE LATER TODAY THAT IT IS CLOSING OF 30% OF NORTH AMERICA